260409.mbx

260409.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, April 9, 2026, Vol. 30, No. 99 Headlines 239 ROUTE: Seeks to Hire Javerbaum Wurgaft Hicks as Counsel 4010 THOR: Gets Interim OK to Use Cash Collateral 524 UNION: Unsecureds to Get Share of Refinance & Contribution 539 HURON: Seeks to Tap Gold Lange Majoros as Counsel ALOFT REMODELING: Employs Allen Jones & Giles as Counsel ALOFT REMODELING: Hires Allen Jones & Giles as Legal Counsel ALPHA GROUP: Seeks Cash Collateral Access AMERICAN LANGUAGE: Case Summary & 20 Largest Unsecured Creditors AMERICAN LANGUAGE: Files Emergency Bid to Use Cash Collateral ANDERSON COMPANIES: Gets Final OK to Use Cash Collateral API GP VENTURE: Court OKs Deal to Use Cash Collateral ARDENT PROTECTION: Gets Final OK to Use Cash Collateral ARXIS INC: Fitch Assigns 'B+' IDR, On Watch Positive ASSET ROOFING: Gets Court Nod to Access Cash Collateral ASSOCIATION MOTOR: Unsecureds to Split $240K over 8 Years ATEG ENTERPRISES: Seeks Court Approval to Tap Tran Singh as Counsel BALLAST DESIGN: To Sell Atlanta Property for $629,000 BAYONNE ENERGY: S&P Alters Outlook to Negative, Affirms 'BB-' ICR BCPE EMPIRE: S&P Upgrades ICR to 'B' on Deleveraging Merger BETTER MOTOR WORKS: Gets Interim OK to Use Cash Collateral BIGTIME HOUSING: Fannie Mae Wants Jacqueline Kimaz as Receiver BISHOP OF OAKLAND: Creditors Committee Files Competing Plan BOBBITT ELECTRICAL: Douglas Adelsperger Named Subchapter V Trustee BRADYPLUS HOLDINGS: S&P Withdraws 'B' Issuer Credit Rating BRAVO BRIO: Court to Confirm Plan of Reorganization BREAKFAST BITCH: Voluntary Chapter 11 Case Summary BUCKINGHAM SENIOR: Baker & Assoc, Smith & Smith Advise Residents BULLIVANT HOUSER: Seeks to Hire Perkins & Co. as Accountant CAROLINA RENOVATION: Gets Interim OK to Use Cash Collateral CHARLES & COLVARD: Gets OK to Employ and Compensate OCPs CHELSEA BUSINESS: Seeks Approval to Hire Siconolfi PLLC as Counsel CHILDREN'S HEALTH: Taps Brunini Grantham Grower as Legal Counsel CLINTWOOD JOD: U.S. Trustee Appoints Creditors' Committee CN HOLDINGS: Kevin Neiman Named Subchapter V Trustee CN HOLDINGS: Seeks to Hire JSM Bookkeeping as Controller COMMUNITY HEALTH: S&P Alters Outlook to Pos., Affirms 'CCC+' ICR COPPERLEAF SERVICES: Hires Ford & Semach as Legal Counsel CORNERSTONE BUILDING: S&P Downgrades ICR to 'CCC+', Outlook Neg. CRUX SOLUTIONS: Taps Law Office of Elias M. Yazbeck as Counsel DARLING INGREDIENTS: Fitch Affirms BB+ LongTerm IDR, Outlook Stable DICK'S AUTOMOTIVE: Unsecured Creditors to Split $229K in Plan DISTINCTIVELY OUTDOORS: Hires Webber McGill as Legal Counsel DON ENTERPRISES: Seeks to Hire KW Steel as Real Estate Broker DON ENTERPRISES: Seeks to Tap Remax Infinity as Real Estate Broker EDGE DOCUMENT: Douglas Adelsperger Named Subchapter V Trustee ELEMENT SOLUTIONS: S&P Upgrades ICR to 'BB+', Outlook Stable EMMERICH NEWSPAPERS: Seeks to Tap Law Offices of Geno as Counsel EMMERICH NEWSPAPERS: Taps Barrett Law, Cuneo Gilbert as Counsels FABRICATION DESIGNS: Seeks $1.5MM DIP Loan from Coeur Capital FLOOF LLC: Unsecured Creditors to Split $17K over 5 Years FRIEDENBACH FAMILY: U.S. Trustee Appoints Creditors' Committee GLOBAL HOSPITALITY: Hires Ivey McClellan Siegmund as Counsel GLUTALITY GLOBAL: Gets Extension to Access Cash Collateral GOOD WORKS: Fine-Tunes Plan Documents GRANITE SENIOR: Case Summary & 20 Largest Unsecured Creditors GREATER SHEPHERD: Douglas Adelsperger Named Subchapter V Trustee GRIT PRODUCTIONS: Gets Extension to Access Cash Collateral HAN & JU: Gets Interim OK to Use Cash Collateral HARRY W. MURPHY: Maynard Nexsen Advises Todd Yates & Frank S. Woody HAWTHORNE RACE: To Employ Omni Agent as Administrative Agent HAYAT'S KITCHEN: Employs Bensamochan Law as Bankruptcy Counsel HERITAGE WVILLE: Case Summary & 20 Largest Unsecured Creditors HUNTLEY AVENUE: Has Deal on Cash Collateral Access HYPERMIND CORP: Seeks Approval to Hire Farsad Law Office as Counsel IMAGE TECHNOLOGY: Seeks Court Approval to Tap CM Law as Counsel IMAGE TECHNOLOGY: Seeks to Tap Lain Faulkner & Co. as CRO JOSHUA MASSINGILL: Seeks to Tap Germer PLLC as Defense Counsel JUMP HARLINGEN: Gets Final OK to Use Cash Collateral KCAP HOLLEMAN: Hires Condon Tobin Sladek as Legal Counsel KENTUCKY OWL: Trustee Taps Time and Tasks LLC as Inventory Broker KIN DEE: Court Confirms Second Amended Plan of Reorganization KINDER ISLAND: U.S. Trustee Seeks Chapter 11 Trustee Appointment LAMOUR COMMUNITY: Appointment of Chapter 11 Trustee Sought LAMOUR COMMUNITY: Trustee Taps Murphy & King as Counsel LINDSLEY EXCAVATING: Case Summary & 20 Top Unsecured Creditors LIPELLA PHARMACEUTICALS: Case Summary & 13 Unsecured Creditors LUMINAR TECHNOLOGIES: Court Confirms Chapter 11 Liquidation Plan LUMINAR TECHNOLOGIES: Net Loss Widens to $366MM, Awaits Liquidation M & M BUCKLEY: Seeks Cash Collateral Access M&M APPLIANCE: Case Summary & 20 Largest Unsecured Creditors MANITOWOC CO: S&P Upgrades ICR to 'B+', Outlook Stable MARINER'S GATE: Seeks Approval to Hire Avison Young as Broker MARINER'S GATE: Seeks to Hire Goldberg Weprin Finkel as Counsel MARVEL LIGHTING: Douglas Adelsperger Named Subchapter V Trustee MII AVIATION: Committee Seeks to Tap Alvarez & Marsal as Advisor MOHAWK DRIVE: Hires Hydro-Environmental Technologies as Consultant MOUNTAIN REGIONAL: Seeks to Extend Plan Exclusivity to June 17 MULTI-COLOR CORP: Shenkman Out as Committee Member NAVA HEALTH: Employs Bluestone Accounting Solutions as Accountants NB THE VILLAGE: Trigild IV Appointed as Receiver OAKTREE OCALA: Amends CPIF Secured Claim Pay Details PALMETTO THERAPY: Employs Law Office of Michael W. Mogil as Counsel PCP GROUP: Court Extends Cash Collateral Access to May 13 PHASE TO PHASE: Seeks Approval to Hire DeMarco Mitchell as Counsel PHOTIZO LLC: Douglas Adelsperger Named Subchapter V Trustee PICO-UNION HOUSING: Seeks Continued Cash Collateral Access PLAZA CONTINENTAL: Case Summary & 17 Unsecured Creditors PORTLAND HUNT: Case Summary & 20 Largest Unsecured Creditors POWER BLOCK: Court to Appoint Case Trustee PRO ROOFING: Updates Administrative & IRS Claims Pay Details QUILLA PAINTING: Seeks to Hire Gamberg & Abrams as Counsel R.C. CONSTRUCTION: Unsecureds Will Get 20.36% over 5 Years REGISTER MEAT: Seek to Hire RJOrner & Company as Expert Witness RELIZ TECHNOLOGY: Gets Extension to Use Cash Collateral REYNA HOSPITALITY: Court Extends Cash Collateral Access to June 5 RMMJ SERVICE: Case Summary & 17 Unsecured Creditors RMS HOLDING: S&P Withdraws 'B-' Issuer Credit Rating SENIOR HOME: Case Summary & 20 Largest Unsecured Creditors SHERMAN DE LLC: Unsecureds to Get $5K per Month for 60 Months SHOW LOW: Claims to be Paid from Property Sale Proceeds SIGNMAKERS CUSTOM: Taps Totaro & Shanahan LLP as Legal Counsel SLOAN VENTURES: Taps Quality Realty as Real Estate Broker SMILES AROUND: U.S. Trustee Seeks Chapter 11 Trustee Appointment SNEAKERS JAX: Loses Bid to Dismiss US Foreclosure Action SOUTH COAST SUPPLY: 5th Cir Won't Review Briar Capital Claim SP TRANS: Robert Handler Named Subchapter V Trustee SPHERE 3D: FY2025 Net Loss Widens to $21.5MM, Warns of Cash Crunch SPRINGFIELD COLLEGE: S&P Affirms 'BB+' ICR, Outlook Negative SRB AERIAL: Hires Law Offices OF Geno and Steiskal as Counsel STILL BALLIN: Case Summary & 20 Largest Unsecured Creditors STILL BALLIN: Taps Summers Compton Wells LLC as Legal Counsel TECHNICAL ARTS: Hearing Today on Bid to Use Cash Collateral TERRASTRAT GROUP: Taps Debra Stark as Tax Professional THASSOS INC: Gets OK to Use Cash Collateral Until May 11 TIBERTI COMPANY: Gets OK to Hire Littler Mendelson as Counsel TOASTED BARREL: Seeks to Hire Keith Y. Boyd PC as Legal Counsel TOP MOBILITY: Gets Final OK to Use Cash Collateral TOTAL FIBER: UMB Seeks Receiver After $77MM Bond Default URBAN WELLNESS: Seeks to Employ Bert L. Roos PLLC as Legal Counsel VANDERBILT MINERALS: Committee Taps Brown Rudnick as Co-Counsel VERSACE DOMINICAN: Seeks to Hire Pedro Montas as Broker VIEWBIX INC: FY25 Net Loss Widens to $20.8MM as Revenue Declines VISIONWRIGHTS: Gets Final OK to Use Cash Collateral VITAL PHARMA: Trust Wins Summary Judgment in Adversary Case WELCOME GROUP: Court Extends Cash Collateral Access to July 13 XPRESSGUARDS LLC: Gets Interim OK to Use Cash Collateral [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 239 ROUTE: Seeks to Hire Javerbaum Wurgaft Hicks as Counsel ----------------------------------------------------------- 239 Route 206, LLC and Stonewood Property, LLC seek approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Stephen F. Hehl, Esq. of Javerbaum Wurgaft Hicks Kahn Wikstrom & Sinins, P.C. to serve as special counsel. Mr. Hehl will provide these services: (a) representation of the jointly administered debtors in connection with the negotiation with proposed purchasers; (b) drafting the required asset and real estate purchase agreements; (c) correspondence with parties in connection with the sale; and (d) closing on the sale. Mr. Hehl will receive a $2,500 initial retainer, and legal services will be billed at hourly rates of $575, $500, $500, $450, $450, $450, and $200. Javerbaum Wurgaft Hicks asserts that the firm has no connection with the debtor, creditors, or the U.S. Trustee, and is therefore "disinterested" as that term is defined in the Bankruptcy Code. The firm can be reached at: Stephen F. Hehl, Esq. JAVERBAUM WURGAFT HICKS KAHN WIKSTROM & SININS, P.C. 370 Chestnut Street Union, NJ 07083 About 239 Route 206 239 Route 206, LLC operates a restaurant that offers New American cuisine, as well as catering and parties. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-20049) on October 10, 2024, with $0 to $50,000 in assets and liabilities. Judge Vincent F. Papalia presides over the case. Joseph M. Shapiro, Esq. at Middlebrooks Shapiro, P.C., is the Debtor's legal counsel. 4010 THOR: Gets Interim OK to Use Cash Collateral ------------------------------------------------- 4010 Thor Collision Corp received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. The Debtor's use of cash collateral is strictly limited to an approved budget covering the period from March 25 through April 24, with a short extension through May 1 on a pro rata basis. The court also permits a 10% variance to address unforeseen but necessary expenses related to ordinary business operations. The budget projects $452,000 in monthly revenue against $371,092.01 in expenses, resulting in an estimated net profit of $80,907.99. Major expenses include payroll, rent, parts, taxes, and vendor costs essential to maintaining operations. Additionally, the Debtor must file a budget-to-actual comparison report and a proposed updated budget by May 4. A continued hearing on the use of cash collateral is scheduled for May 5. The order is available at http://bankrupt.com/misc/4010THOR_InterimCCOrder.pdf 4010 Thor Collision's financial structure is notable for its lack of traditional secured creditors. Instead, the Debtor is burdened by several merchant cash advance financing agreements, with entities including E Advance Services, LLC, Monday Funding, LLC, Nexi Finance, United First, LLC, and Velocity Capital Group, LLC. While these MCA funders have filed UCC-1 financing statements, the Debtor notes that the validity and extent of these liens may be disputed under recent legal precedents that sometimes characterize such agreements as "disguised loans" rather than true sales of receivables. About 4010 Thor Collision Corp 4010 Thor Collision Corp. is an automotive body repair business based in Boynton Beach, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S. D. Fla. Case No. 26-12210) on February 24, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Francesca Velluzz, president of 4010 Thor Collision, signed the petition. Judge Mindy A. Mora oversees the case. Stephen Breuer, Esq., at Breuer Law, PLLC, represents the Debtor as bankruptcy counsel. 524 UNION: Unsecureds to Get Share of Refinance & Contribution -------------------------------------------------------------- 524 Union Street filed with the U.S. Bankruptcy Court for the Northern District of California a Combined Plan of Reorganization and Disclosure Statement dated March 26, 2026. Able Investment Services, LLC ("AIS") scheduled a nonjudicial foreclosures sale for the Union Street Property on August 15, 2025, which is the single largest asset of the estate, and Debtor was unable to negotiate a resolution with AIS to postpone the foreclosure sale and adjudicate the merits of AIS's disputed security interest encumbering the Union Street Property. As such, on August 14, 2025, Debtor commenced a voluntary petition for relief under Title 11, Chapter 11 of the United States Code and seeks to utilize the Bankruptcy Code to resolve the disputed secured claim of AIS, confirm a code-compliant plan, and continue with business operations. Class 2(A) consists of Small Claims. The allowed unsecured claims total $1,1300.00. This class includes any creditor whose allowed claim is $1,000.00 or less, and any creditor in Class 2(C) whose allowed claim is larger than $ 1,000.00 but agrees to reduce its claim to $1,000.00. Each creditor will receive on the Effective Date of the Plan a single payment equal to the lesser of its allowed claim or $500.00. Class 2(B) consists of the Unsecured Claim of Able Investment Services, LLC. If, and only if, the claim of AIS is allowed, AIS will receive a pro rata share of a fund comprised of: (a) $2,000,000.00 from a refinance of the Union Street Property within six months after entry of a final judgment of the Court avoiding the Class 1(B) claim of AIS encumbering the Union Street Property; (b) $200,000.00 on the Effective Date from a capital contribution from Debtor and/or its general partners; and (c) the net recovery of any litigation claim (provided such recovery shall be setoff against any allowed claims of AIS) or other right to recovery that Debtor receives on account of those claims set forth in Part 7(f) of the Plan, which shall be paid thirty days after Debtor receives such funds. Class 2(C) consists of General Unsecured Claims. The allowed unsecured claims total $33,447.04. Creditors will receive a pro-rata share of a fund comprised of: (a) $2,000,000.00 from a refinance of the Union Street Property within six months after entry of a final judgment of the Court avoiding the Class 1(B) claim of AIS encumbering the Union Street Property; (b) $200,000.00 on the Effective Date from a capital contribution from Debtor and/or its general partners; and (c) the net recovery of any litigation claim (provided such recovery shall be setoff against any allowed claims of AIS) or other right to recovery that Debtor receives on account of those claims set forth in Part 7(f) of the Plan, which shall be paid thirty days after Debtor receives such funds. Class 3 consists of all equity (partnership) interest in Debtor. The holders of equity (partnership) interest in Debtor will not receive any distributions under the Plan. However, this Plan does not cancel any partnership interest in Debtor, all members shall retain their partnership interest in Debtor, and all members shall retain any and all legal, equitable, and contractual rights provided for by their partnership interest in Debtor under applicable non-bankruptcy law. On the Effective Date, all property of the estate and interests of the Debtor will vest in the reorganized Debtor pursuant to Section 1141(b) of the Bankruptcy Code free and clear of all claims and interests except as provided in this Plan, subject to revesting upon conversion to Chapter 7 as provided in Part 6(f). A full-text copy of the Combined Plan and Disclosure Statement dated March 26, 2026 is available at https://urlcurt.com/u?l=BixpxG from PacerMonitor.com at no charge. About 524 Union Street 524 Union Street, a general partnership, filed a petition for relief under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-30645) on August 14, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Hannah L. Blumenstiel oversees the case. Counsel to the Debtor: Brent D. Meyer, Esq. Meyer Law Group LLP 268 Bush Street #3639 San Francisco, CA 94104 Tel: (415) 765-1588 Fax: (415) 762-5277 Email: brent@meyerllp.com 539 HURON: Seeks to Tap Gold Lange Majoros as Counsel ----------------------------------------------------- 539 Huron Real Estate Company, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to hire Gold, Lange, Majoros & Smalarz, P.C. to serve as its bankruptcy counsel. The firm will provide these services: (a) providing legal advice with respect to the Debtor's powers and duties as debtors-in-possession in the management of its assets; (b) assisting the Debtor in maximizing the value of its assets for the benefit of all creditors and other parties in interest; (c) commencing and prosecuting any and all necessary and appropriate actions and/or proceedings on behalf of the Debtor and its assets; (d) conducting negotiations with the Debtor's creditors; (e) preparing, on behalf of the Debtor, all of the applications, motions, answers, orders, reports and other legal papers necessary in these bankruptcy proceedings; (f) drafting a plan of reorganization and disclosure statement; (g) appearing in Court to represent and protect the interests of the Debtor and its estate; and (h) performing all other legal services for the Debtor that may be necessary and proper in this Chapter 11 proceeding. The firm will be paid at these hourly rates: Stuart A. Gold, Attorney $430 Elias T. Majoros, Attorney $395 Jason P. Smalarz, Attorney $350 Toni Willis, Paralegal $125 Patricia Owiesny, Legal Assistant $90 John C. Lange, of counsel $350 According to court filings, GLMS is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: GOLD, LANGE, MAJOROS & SMALARZ, P.C. 24901 Northwestern Highway, Suite 444 Southfield, MI 48075 Telephone: (248) 350-8220 E-mail: jsmalarz@glmpc.com About 539 Huron Real Estate Company, LLC 539 Huron Real Estate Company, LLC owns and operates commercial real estate located at 539 and 569 South Huron Street in Ypsilanti, Michigan, and operates as a single-asset real estate entity focused on the ownership and management of the property. 539 Huron Real Estate Company, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mich. Case No. 26-42229) on March 3, 2026. At the time of filing, the Debtor had estimated assets of $0 to $50,000 and liabilities of $1,000,001 to $10 million. Judge Lisa S. Gretchko oversees the case. Gold, Lange, Majoros & Smalarz, P.C. is the Debtor's legal counsel. ALOFT REMODELING: Employs Allen Jones & Giles as Counsel -------------------------------------------------------- Aloft Remodeling AZ, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Allen, Jones & Giles, PLC to serve as legal counsel. AJG will provide these services: (a) provide the Debtor with legal advice with respect to its reorganization; (b) represent the Debtor in connection with negotiations involving secured and unsecured creditors; (c) represent the Debtor at hearings set by the Court in Debtor's bankruptcy case; and (d) prepare necessary applications, motions, answers, orders, reports or other legal papers necessary to assist in the Debtor’s reorganization. AJG's attorneys' hourly rates are: Philip J. Giles, Member $525 Anthony P. Cali, Member $575 David B. Nelson, Associate $425 Ryan M. Deutsch, Associate $350 Zachary A. Phillips, Associate $325 Legal Assistants and Law Clerks $205-250 Allen, Jones & Giles, PLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Philip J. Giles, Esq. Anthony P. Cali, Esq. Ryan M. Deutsch, Esq. ALLEN, JONES & GILES, PLC 1850 N. Central Ave., Suite 1025 Phoenix, AZ 85004 Telephone: (602) 256-6000 Facsimile: (602) 252-4712 E-mail: pgiles@bkfirmaz.com acali@bkfirmaz.com rdeutsch@bkfirmaz.com About Aloft Remodeling AZ, LLC Aloft Remodeling of AZ LLC and affiliated Aloft Remodeling LLC provide residential kitchen and bathroom remodeling services, with the Arizona business serving the Phoenix and Tucson areas and Aloft Remodeling LLC having operated in California. Their services include design consultation, proposal presentation, and delivery and installation, as well as bathroom upgrades such as custom showers, tubs, lighting, storage and aging-in-place features. Aloft Remodeling AZ, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 2:26-bk-03204-BKM) on April 1, 2026. At the time of the filing, Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Judge Brenda K Martin oversees the case. Allen, Jones & Giles, PLC is Debtor's legal counsel. ALOFT REMODELING: Hires Allen Jones & Giles as Legal Counsel ------------------------------------------------------------ Aloft Remodeling, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Allen, Jones & Giles, PLC to serve as legal counsel. The firm will provide these services: (a) provide the Debtor with legal advice with respect to its reorganization; (b) represent the Debtor in connection with negotiations involving secured and unsecured creditors; (c) represent the Debtor at hearings set by the Court in Debtor's bankruptcy case; and (d) prepare necessary applications, motions, answers, orders, reports or other legal papers necessary to assist in the Debtor’s reorganization. AJG will receive hourly rates of $525 for Philip J. Giles, $575 for Anthony P. Cali, $425 for David B. Nelson, $350 for Ryan M. Deutsch, $325 for Zachary A. Phillips, and $205-250 for legal assistants and law clerks. Allen, Jones & Giles, PLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Philip J. Giles, Esq. Anthony P. Cali, Esq. Ryan M. Deutsch, Esq. ALLEN, JONES & GILES, PLC 1850 N. Central Ave., Suite 1025 Phoenix, AZ 85004 Telephone: (602) 256-6000 Facsimile: (602) 252-4712 Email: pgiles@bkfirmaz.com acali@bkfirmaz.com rdeutsch@bkfirmaz.com About Aloft Remodeling, LLC Aloft Remodeling of AZ LLC and affiliated Aloft Remodeling LLC provide residential kitchen and bathroom remodeling services, with the Arizona business serving the Phoenix and Tucson areas and Aloft Remodeling LLC having operated in California. Their services include design consultation, proposal presentation, and delivery and installation, as well as bathroom upgrades such as custom showers, tubs, lighting, storage and aging-in-place features. Aloft Remodeling, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 2:26-bk-03205) on April 1, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 and $100,000 and liabilities of between $1,000,001 and $10 million . Judge Madeleine C Wanslee oversees the case. Allen, Jones & Giles, PLC is Debtor's legal counsel. ALPHA GROUP: Seeks Cash Collateral Access ----------------------------------------- Alpha Group Inc asks the U.S. Eastern District of California for emergency authorization to use cash collateral and provide adequate protection. The Debtor operates commercial real estate that generates rental income, with the properties subject to liens held by secured creditors, including Harvest, who may assert claims over the rents as cash collateral. The Debtor asserts an immediate need to use the cash collateral to cover essential expenses such as utilities, insurance, property operations, and measures to preserve tenant occupancy, warning that denial of access could lead to deterioration of property value. To address creditor concerns, the Debtor proposes adequate protection through continued property maintenance, ongoing operations, preservation of collateral value, and financial reporting as required. A copy of the motion is available at https://urlcurt.com/u?l=ecxgGm from PacerMonitor.com. About Alpha Group Inc Alpha Group Inc sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No.26-21163) on March 4, 2026. Ahmed Mohieldien, secretary/chief financial officer, signed the petition. Judge Christopher D. Jaime oversees the case. AMERICAN LANGUAGE: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: The American Language Kollege, Inc. d/b/a TALK International d/b/a TALK Schools d/b/a TALK School of English d/b/a TALK Language Schools 19032 NE 29th Ave. Aventura, FL 33180 Business Description: The American Language Kollege, Inc., doing business as TALK International, TALK Schools, TALK School of English, and TALK Language Schools, operates English language education centers across multiple U.S. cities, including Aventura, Florida, Boston, Massachusetts, and San Francisco, California. Founded in 1996 and headquartered in Davie, Florida, the company provides intensive English programs, academic English preparation, and professional development courses for international students, with accreditation from the Accrediting Council for Continuing Education & Training (ACCET). It also oversees related language services through its Real World Translations division, offering document translation and interpretation for diverse professional and legal clients. The schools serve international students, families, and professionals seeking to improve English proficiency for academic, professional, or personal purposes. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-13936 Debtor's Counsel: Morgan B. Edelboim, Esq. EDELBOIM LIEBERMAN PLLC 2875 NE 191st Street, Penthouse One Suite 905 Miami, FL 33180 Tel: (305) 768-9909 E-mail: morgan@elrolaw.com Total Assets: $6,049,325 Total Liabilities: $1,822,434 The petition was signed by Desmond Levin as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/AVVB4DI/The_American_Language_Kollege__flsbke-26-13936__0001.0.pdf?mcid=tGE4TAMA AMERICAN LANGUAGE: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- The American Language Kollege, Inc. d/b/a Talk International asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to use cash collateral and provide adequate protection. Prior to bankruptcy, the Debtor entered into a 2020 loan agreement with the U.S. Small Business Administration, which holds a perfected security interest in substantially all of the Debtor's assets, including accounts receivable, with approximately $103,116 owed as of the filing date. The Debtor believes the SBA is likely its only secured creditor and notes there is no known deposit account control agreement covering its bank accounts. Out of caution that its available funds may constitute cash collateral subject to the SBA's lien, the Debtor seeks court authorization to use those funds to continue operations. It argues that access to this cash is essential to avoid immediate and irreparable harm, as without it the business would be unable to pay payroll, rent, utilities, and other necessary expenses, risking disruption to student services, employee loss, declining revenue, and a collapse in going-concern value. The Debtor submitted a proposed budget outlining necessary expenditures and requests both interim and final approval to use cash collateral in line with that budget while it reorganizes. To protect the SBA's interests, the Debtor proposes granting replacement liens on postpetition assets of the same type and nature as the prepetition collateral, including proceeds, to the extent of any diminution in value. At the same time, the Debtor expressly reserves the right to challenge the validity, extent, or priority of the SBA's liens if appropriate. A copy of the motion is available at https://urlcurt.com/u?l=Vv2sPE from PacerMonitor.com. About The American Language Kollege, Inc. The American Language Kollege, Inc. runs an education business providing English language and professional development programs to international students. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-13936) on March 30, 2026. In the petition signed by Desmond Levin, president, the Debtor disclosed up to $10 million in both assets and liabilities. Morgan B. Edelboim, Esq., at Edelboim Lieberman PLLC, represents the Debtor as legal counsel. ANDERSON COMPANIES: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Anderson Companies, LLC received final approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral to fund operations. Under the final order, the Debtor is authorized to use cash collateral pursuant to its budget (subject to a 15% variance) until confirmation of a Chapter 11 plan or further order of the court. As adequate protection, Newtek Small Business Finance, LLC and other creditors with valid pre-bankruptcy liens on the cash collateral will be granted replacement liens on post-petition receivables, with the same validity, priority and extent as the pre-bankruptcy liens. Additionally, Newtek will continue to receive a monthly payment of $3,200. The final order is available at https://shorturl.at/6jCax from PacerMonitor.com. As of the petition date, multiple parties assert liens against the Debtor's assets. Most notably, Newtek claims a first priority mortgage on the Debtor's commercial property located in Mullica, New Jersey, along with a first position security interest in substantially all personal property, including accounts receivable, equipment, and deposit accounts. Additional secured claims include equipment lenders with liens on specific machinery, judgment creditors with liens against the commercial property, and the Township of Mullica, which holds a statutory municipal tax lien for unpaid real estate taxes. The Debtor acknowledges that Newtek asserts a security interest in cash and accounts receivable constituting cash collateral under section 363(a). The Debtor further states that the secured debt against the commercial property significantly exceeds its appraised value of approximately $655,000, leaving no meaningful equity cushion to support operations without access to cash collateral. Newtek, as secured creditor, is represented by: Tae Hyun Whang, Esq. Law Offices of Tae H. Whang, LLC 185 Bridge Plaza North Suite 201 Fort Lee, NJ 07024 About Anderson Companies LLC Anderson Companies LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-12028) on February 26, 2026. In the petition signed by Shawn Anderson, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Andrew B. Altenburg, Jr. oversees the case. Jenny Kasen, Esq., at Kasen Law Group, P.C., represents the Debtor as legal counsel. API GP VENTURE: Court OKs Deal to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware approved a second stipulation between API GP Venture Partners, LLC and its secured lender, First-Citizens Bank & Trust Company (successor to Silicon Valley Bank). This stipulation extends the deadline for API and affiliated debtors to consummate the refinancing and repay secured obligations while allowing continued access to cash collateral during the Chapter 11 proceedings. Under the stipulation, the Debtors are authorized to continue using cash collateral in accordance with a revised budget. This ensures the Debtors can maintain operations and meet necessary expenses while working toward refinancing. The previously entered final cash collateral order remains fully in effect except as specifically modified by the new stipulation. The stipulation is available at http://bankrupt.com/misc/APIGP_2ndStip.pdf First-Citizens, as secured lender, is represented by: Jody C. Barillare, Esq. Morgan, Lewis & Bockius, LLP 1201 North Market Street, Suite 2201 Wilmington, DE 19801 Telephone: (302) 574-3000 jody.barillare@morganlewis.com - and – Alex Talesnick, Esq. Ryan C. Hibbard, Esq. 101 Park Avenue New York, NY 10178 Telephone: (212) 309-6000 alex.talesnick@morganlewis.com ryan.hibbard@morganlewis.com About API GP Venture Partners API GP Venture Partners, LLC and its affiliates own and operate student housing properties in Goleta, California, providing accommodations for about 70 students. The group is managed by IRC Ashland I LLC, which holds roughly 90% of the equity, while Ashland Pacific, LLC holds the remaining 10% as a non-managing member. Operations are governed by limited liability company agreements and a master property management agreement defining ownership, management, and operational structures. API GP Venture Partners and affiliates, Ashland Pacific Integrated UCSB Holdings I, LLC, API UCSB Holdings I, LLC and API 6590 Holdings, LLC, filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11640) on September 4, 2025. The petitions were signed by J. Michael Issa as chief restructuring officer. At the time of the filing, API GP Venture Partners reported up to $50,000 in both assets and liabilities. Judge Karen B. Owens oversees the cases. The Debtors are represented by: Mette H. Kurth, Esq. Pierson Ferdinand, LLP 3411 Silverside Road Baynard Building, Suite 104-13 Wilmington, DE 19810 Tel: 310-245-8784 mette.kurth@pierferd.com -- and -- Lynnette R. Warman, Esq. Pierson Ferdinand, LLP 1341 W. Mockingbird Lane, Suite 600W Dallas, TX 75247 Tel: (214) 872-6319 lynnette.warman@pierferd.com ARDENT PROTECTION: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Ardent Protection, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, to use cash collateral to fund operations. Under the final order, the Debtor is authorized to use cash collateral in accordance with an approved budget, with flexibility of up to 10% per line item and in aggregate. Additional expenditures require either lender consent or further court approval. As adequate protection, Locality Bank will be granted replacement liens on all post-petition assets with the same priority as its pre-petition liens. The Debtor must also make monthly payments of $3,220.36 through plan confirmation. The order preserves the rights of all parties to seek modifications or additional protections and remains in effect unless changed by the court. The order is available at http://bankrupt.com/misc/ArdentProtection_FinalCCOrder.pdf Locality Bank, as secured creditor, is represented by: Andrew W. Lennox, Esq. Casey Reeder Lennox, Esq. Lennox Law, P.A. P.O. Box 20505 Tampa, FL 33622 Tel: 813-831-3800 Fax: 813-749-9456 alennox@lennoxlaw.com clennox@lennoxlaw.com About Ardent Protection LLC Ardent Protection, LLC offers professional security and protection services, including on-site guarding, safety consulting, and risk mitigation. Ardent Protection LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10122) on January 7, 2026. In its petition, the Debtor reported assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The Debtor is represented by Robert A. Gusrae, Esq. ARXIS INC: Fitch Assigns 'B+' IDR, On Watch Positive ---------------------------------------------------- Fitch Ratings has assigned Arxis, Inc. (Arxis), the consolidating entity and financial filer, a Long-Term Issuer Default Rating (IDR) of 'B+' and placed the IDRs of Arxis, its co-borrowers and their debt ratings on Rating Watch Positive (RWP). This action follows the company's announcement of an initial public offering, with proceeds intended for debt reduction and general corporate purposes that deleverages the balance sheet. Fitch expects to resolve the RWP following completion of the IPO. Resolution of the Positive Watch would likely lead to a one-to two-notch upgrade, depending on management's establishment of a clear financial and capital deployment policy and M&A strategy. Key Rating Drivers IPO Enhances Financial Flexibility: Arxis has filed a Form S-1 for an initial public offering (IPO) of Class A common stock and expects to establish a multiclass capital structure that includes Class A, Class B and Class C common stock, as well as authorized preferred stock. The S-1 states that the proceeds will be used for debt reduction and general corporate purposes. Fitch expects the IPO to materially improve the company's financial flexibility and provide some deleveraging capacity, with pre-IPO EBITDA leverage of around 5.0x. Entrenched Products, Aftermarket Provide Revenue Visibility: Arxis's highly customized and spec'd-in components help entrench its position on the programs it serves. Its proprietary, mission-critical components are ingrained across multi-decade platforms, supporting a strong and defensible market position. The components are essential but low cost relative to the overall platform. This creates an outsized value-to-cost ratio that enhances defensibility and creates high customer switching costs, as evidenced by near-zero loss rates. This strategic positioning, coupled with a revenue approach that focuses on continuously adding new platform wins and building on existing recurring revenue streams, provides stable, long-term revenue visibility through maintenance and modernization needs over a platform's lifecycle. Scaled Portfolio, Decentralized Operating Model: The company's operational strength is reinforced by a scaled portfolio of highly engineered, approximately 90% sole-sourced proprietary products, which are well-diversified by platform and customer, supporting revenue stability. The business combination scaling enhances cross-selling and wallet share gain opportunities. Management indicated they are likely to pursue additional M&A to expand the product portfolio. Fitch believes execution risks related to M&A are mitigated by management's favorable track record and decentralized operating model. Engineered, Customer-Centric Products Underpin Position: Arxis operates in highly regulated end markets, particularly aerospace and defense and medical, which support higher barriers to entry. The company has a competitive edge due to the advanced engineering, precision and tolerance of its products, which is further strengthened by the incorporation of materials science and intellectual property (IP). Mid-30% EBITDA Margins, Positive FCF: Fitch expects Arxis to operate with EBITDA margins in the low- to mid-30% range. The nature of the company's products and limited customer LTAs and PO-to-PO operating model, support margins and limits working capital needs. Fitch expects the company to generate annual FCF of $150 million to $300 million and margins in the high single digits to low double digits. Arxis' EBITDA and FCF margins are considered strong for the industry and its 'B+' rating. Industry Tailwinds Aid Growth: Given Arxis's high degree of exposure to aerospace and defense, it is well-positioned to benefit from continued travel demand and increasing production rates at original equipment manufacturers. In addition, increasing air traffic will also support aftermarket demand. Bipartisan government support for defense spending and heightened geopolitical tensions also support demand for Arxis's defense-linked products. Favorable demand dynamics support Fitch's expectation of mid-single digit revenue growth over the forecasted horizon. Peer Analysis Arxis's closest peers mainly design and manufacture aerospace-related components and include HEICO Corporation (BBB+/Stable), Signia Aerospace, LLC (B+/Stable), and TransDigm (not rated). Arxis is larger than Signia, but considerably smaller than TransDigm and HEICO. HEICO's Parts Manufacturing Approval (PMA) and cost-plus exposure result in lower EBITDA margins (mid-20%) relative to Signia (mid-to-high 30%), Arxis (mid-30%), and TransDigm (around 50%). TransDigm operates with EBITDA leverage in the 5.5x to 6.5x range, which is slightly above Signia's (mid-5.0x) and well above HEICO's (1.5x-2.0x). Fitch’s Key Rating-Case Assumptions - Organic revenue grows by mid-single digits annually over the forecasted period, supported by commercial aircraft production growth over the next few years, steady defense budget growth, and stability in industrial end markets; - EBITDA margins in the mid-30% range over the forecasted horizon; - The company will pursue bolt-on M&A on an opportunistic basis. - Fitch assumes any M&A would carry margins in line with the overall business and could be financed with a mix of cash on hand and/or debt; - Kaman's Precision Products remains outside of the credit group; - No material dividends to the sponsor over the next few years. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb+, Lower), Sector Characteristics (bb+, Lower), Market and Competitive Positioning (bb, Moderate), Diversification and Asset Quality (bbb-, Higher), Company Operational Characteristics (bbb, Moderate), Profitability (a, Lower), Financial Structure (b+, Higher), and Financial Flexibility (b+, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the forecast year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - B+ to CC considerations apply in its analysis and result in an adjustment of -1 notch(es). - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'b+'. Recovery Analysis The recovery assumes Arxis would be considered a going concern (GC) in bankruptcy and would be reorganized rather than liquidated. A 10% administrative claim is assumed in the recovery analysis. Fitch assumes Arxis will receive an enterprise value multiple of 7.0x EBITDA under this scenario, which is at the higher end of the range of multiples assigned to companies in the aerospace and defense sector. Fitch considers the company's proprietary, mission-critical product offerings, revenue visibility, high barriers to entry, and stable margin profile. Fitch also considers the company's platform and customer diversification, and exposure to industry tailwinds across aerospace and defense and medical end markets. Each of these factors would likely support the company's ability to recover from severe distress in the case of a hypothetical bankruptcy. Most defaulters in the Aerospace & Defense sector, as observed by Fitch in recent bankruptcy case studies, had less diversified product lines or customer bases and were operating with highly leveraged capital structures. Fitch assumes $320 million as the GC EBITDA, which is supported by the sole-sourced and long-term nature of platform exposure. This assumption represents a reasonable going-concern expectation upon emergence from a hypothetical bankruptcy scenario. Fitch's recovery analysis assumes the catalyst for a restructuring would likely result from a materially negative hit to the company's reputation or operational issues that cause significant cash outflows. The 'BB-' rating and Recovery Rating of 'RR3' on the revolver and term loan are based on Fitch's recovery analysis under a going-concern scenario. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage sustained above 6.0x; - (CFO-capex)/debt sustained below 2.5%; - A deviation in M&A strategy or operational missteps that heightens execution and cash flow risk; - EBITDA interest coverage sustained below 2.25x. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade To Resolve the RWP: - Arxis completes the IPO; - Establishment of a clear financial and capital allocation policy, as well as M&A strategy. On a Pre-IPO basis: - Disciplined financial and capital allocation policy that supports EBITDA leverage sustained below 5.5x; - (CFO-capex)/debt sustained above 5%; - EBITDA interest coverage sustained above 2.75x. Liquidity and Debt Structure Fitch expects Arxis's liquidity to be sufficient over the rating horizon. Liquidity and financial flexibility are further bolstered by the company's FCF generation and availability under its $400 million revolver. Arxis will have no near-term debt maturities. The company's capital structure is comprised of a senior secured revolving credit facility due in 2030, as well as a term loan and delayed-draw term loan due in 2032. Issuer Profile Arxis is a manufacturer of highly specialized parts and components serving aerospace and defense, and industrial end markets. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate. VS screener did not indicate an elevated risk for Arxis. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Quantic Electronics, LLC LT IDR B+ Rating Watch On B+ senior secured LT BB- Rating Watch On RR3 BB- Quantic Corporate Holdings, Inc. LT IDR B+ Rating Watch On B+ senior secured LT BB- Rating Watch On RR3 BB- Qnnect, LLC LT IDR B+ Rating Watch On B+ senior secured LT BB- Rating Watch On RR3 BB- Sanders Industries Holdings, Inc. LT IDR B+ Rating Watch On B+ senior secured LT BB- Rating Watch On RR3 BB- Kaman Corporation LT IDR B+ Rating Watch On B+ senior secured LT BB- Rating Watch On RR3 BB- Arxis, Inc. LT IDR B+ New Rating ASSET ROOFING: Gets Court Nod to Access Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Washington entered an interim order authorizing Asset Roofing Company, LLC to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in accordance with an approved budget until the final hearing. As adequate protection, Commencement Bank will be granted replacement liens on post-petition assets, maintaining the same priority and validity as its pre-petition liens. These liens attach to post-petition collateral and proceeds but exclude certain avoidance action recoveries. The liens are automatically perfected and are limited to the extent of any diminution in value caused by the Debtor's use of cash collateral. The Debtor must also provide additional protection by maintaining insurance on its assets and making monthly payments of $4,000 to the lender, starting this month. A carveout is included to allow payment of professional fees and U.S. Trustee fees. The order preserves all rights of the secured lender, including the ability to seek further protection or assert additional claims if necessary. A final hearing is scheduled for April 22, at 11:30 a.m., with objections due by April 15. The order is available at http://bankrupt.com/misc/AssetRoofing_InterimCCOrder.pdf Asset Roofing Company borrowed a total of $350,000 from Commencement Bank under two promissory notes, with the secured lender asserting a lien on substantially all of the Debtor's assets, including cash collateral. As of the petition date, the outstanding balance is approximately $380,379. Commencement Bank, as secured lender, is represented: Darren R. Krattli, Esq. 909 A Street, Suite 600 Tacoma, WA 98402 Telephone: (253) 572-4500 dkrattli@eisenhowerlaw.com About Asset Roofing Company LLC Asset Roofing Company, LLC, doing business as Asset Roofing and Gutters, installs, repairs, replaces, and maintains roofs for residential, commercial, and multi-family properties in Snohomish, Washington, and nearby areas in Washington state. It also provides gutter installation, roof and attic inspections, roof certification services, and maintenance plans for landlords and property managers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 26-00489) on March 19, 2026. In the petition signed by Anthony Langdon, chief executive officer, the Debtor disclosed $313,384 in total assets and $4,385,280 in total liabilities. Jason Wax, Esq., at Bush Kornfeld, LLP, represents the Debtor as legal counsel. ASSOCIATION MOTOR: Unsecureds to Split $240K over 8 Years --------------------------------------------------------- Association Motor Club, LLC, d/b/a Auto Spa Bistro, submitted an Amended Disclosure Statement for the Amended Plan of Reorganization dated March 26, 2026. This Amended Disclosure Statement and Plan address the feasibility issues by extending the plan term to eight years and reducing the monthly payment to First Merchants Bank to $19,162.26 at an 8.0% cramdown rate on the allowed secured claim of $2,611,500. In October 2025, the Debtor modified the Plan to clarify the treatment of ad valorem tax claims by separating the former tax class into two classes: Class 3A for the Fulton County Tax Commissioner's priority ad valorem tax claim, and Class 3B for the secured ad valorem tax lien claims held by Investa Services, LLC as transferee of tax executions/certificates. The Amended Plan filed herewith continues that classification and treatment. The Plan contemplates the reorganization, consolidation, and ongoing business operations of Debtor and the resolution of the outstanding Claims against and Interests in the Debtor pursuant to sections 1129 and 1123 of the Bankruptcy Code. The Plan classifies all Claims against and Interests in Debtor into separate Classes. Class 6 consists of General Unsecured Claims. The allowed unsecured claims total $5,180,195.20. Beginning on the first anniversary of the Effective Date, and continuing on each anniversary thereafter for eight years, the Debtor shall make annual pro rata distributions of $30,000 to holders of Allowed Class 6 Claims, for total Class 6 distributions of $240,000. The Debtor may prepay without penalty. Year 1 $30,000 Year 2 $30,000 Year 3 $30,000 Year 4 $30,000 Year 5 $30,000 Year 6 $30,000 Year 7 $30,000 Year 8 $30,000 The Debtor anticipates and projects but does not warrant payments to the Holders of Allowed Class 6 Claims based upon the Class 6 Claims and projected distributions disclosed on the Claims and Projected Plan Payments, attached to the Plan. Holders of Allowed Class 6 Claims are Impaired and entitled to vote to accept or reject the Plan. Class 7 shall consist of all Interests in the Debtor. Upon entry of the Confirmation Order, the prepetition membership interests in the Debtor will remain the same, and the Debtor shall retain all of Debtor's assets free and clear of any claims, liens, or encumbrances except as specifically set forth in the Plan. The Debtor proposes that its sole member, Lemont Bradley, shall provide "new value" in the form of a $60,000 cash infusion. Such new value payments will be used to satisfy (i) the administrative claims on the Effective Date, (ii) plan obligations of the Debtor, and (iii) to support the general operations of the Debtor. Mr. Bradley's $60,000 cash infusion is especially important in the early months of the plan, as the company's monthly revenue is still recovering towards what it used to be every month. The Debtor believes the amount of new value to be substantial, necessary, and fair, and it will be funded in monthly installments during the first six months after the Effective Date. The sources of funds for the payments pursuant to the Plan are the ongoing operations of the Debtor and a contribution of "new value" by the Debtor's owner. In addition to the Debtor's ongoing business operations and owner support, the Debtor is pursuing supplemental revenue opportunities that are not included as required base assumptions in the current budget projections. These include a proposed patio lease that, if finalized, is expected to generate approximately $5,000 per month in rental income with no material out-of-pocket cost to the Debtor, and a proposed one-year parking lot lease that, if finalized, is expected to generate approximately $2,500 per month. The Debtor is not relying on these opportunities as necessary conditions to feasibility at this time, but they provide additional potential support for plan performance if consummated. A full-text copy of the Amended Disclosure Statement dated March 26, 2026 is available at https://urlcurt.com/u?l=ZjbsOj from PacerMonitor.com at no charge. Attorneys for the Debtor: Brad Fallon Fallon Law PC 1201 W. Peachtree St. NW, Suite 2625 Atlanta, Georgia 30309 Tel: (404) 849-2199 Fax: (470) 994-0579 E-mail: brad@fallonbusinesslaw.com About Association Motor Club Association Motor Club, LLC, doing business as Auto Spa Bistro, is an Atlanta-based company engaged in cleaning, washing and waxing automotive vehicles. Association Motor Club sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-57098) on July 9, 2024, listing between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Lemont Bradley, company owner, signed the petition. Judge Lisa Ritchey Craig oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC is the Debtor's legal counsel. First Savings Bank, as lender, is represented by: Christopher P. Butler, Esq. Christopher Butler LLC P.O. Box 13487 Atlanta, GA 30324 Tel: 404.295.1985 E-mail: cbutlerlaw@outlook.com ATEG ENTERPRISES: Seeks Court Approval to Tap Tran Singh as Counsel ------------------------------------------------------------------- Ateg Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Tran Singh LLP to serve as legal counsel. The firm 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 rights, duties, and powers as a debtor in this case; (c) represent the Debtor at all hearings and other proceedings; (d) preparing and filing of all appropriate petitions, schedules of assets and liabilities, statements of affairs, answers, motions and other legal papers as necessary to further the Debtor's interests and objectives; (e) representing the Debtor at the meeting of creditors and such other services as may be required during the course of the bankruptcy proceedings; (f) 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; (g) preparing and filing of a Disclosure Statement and Chapter 11 Plan of Reorganization; (h) assisting the Debtor in analyzing the claims of the creditors and in negotiating with such creditors; and (i) assisting the Debtor in any matters relating to or arising out of the captioned case. The firm's hourly rates are: Susan Tran Adams $550 Brendon Singh $550 Marissa Ellison $325 Tran Singh LLP received a post-petition retainer of $10,000. According to court filings, Tran Singh LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Susan Tran Adams, Esq. Brendon Singh, Esq. TRAN SINGH LLP 2502 La Branch Street Houston, TX 77004 Telephone: (832) 975-7300 Facsimile: (832) 975-7301 E-mail: bsingh@ts-llp.com About Ateg Enterprises Inc. Ateg Enterprises, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Texas Case No. 25-52669) on November 3, 2025, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Michael M. Parker presides over the case. Robert Chamless Lane, Esq., at The Lane Law Firm PLLC represents the Debtor as bankruptcy counsel. BALLAST DESIGN: To Sell Atlanta Property for $629,000 ----------------------------------------------------- Ballast Design Build LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to sell its property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Georgia limited liability corporation that owns real property located at 454 Connaly St SE, Atlanta, Georgia 30312. The buyer, Kavya Nimmagadda, offers to purchase the Property in the price of $629,000. The purchase price is inclusive of $7,500 Earnest Money Deposit, which is due within 5 days of the Agreement's acceptance. Prior to the Petition Date, the Debtor spent considerable time and effort marketing the Property to various potential buyers. The Debtor believes that the transaction represents the highest and best offer available and that the Purchase Price represents the true value of the Property. All holders of security interests, liens, claims, encumbrances, and interest in the Property will be paid the value of their secured claim on the Property. The lienholders of the Property are ABL RPC Residential Credit Acquisition, LLC, and the U.S. Small Business Administration. The Debtor believes the proposal represents the highest and best offer available as evidenced by the Debtor's considerable effort to market the Property to potential buyers. About Ballast Design Build Ballast Design Build LLC is a limited liability corporation based in Georgia. Ballast Design Build sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54381) on April 2, 2026. The Company listed $1 million to $10 million in assets and liabilities. Judge Barbara Ellis-Monro presides over the case. Leslie M. Pineyro, at Jones And Walden, LLC, is the Debtor's legal counsel. BAYONNE ENERGY: S&P Alters Outlook to Negative, Affirms 'BB-' ICR ----------------------------------------------------------------- S&P Global Ratings revised its outlook to negative from stable on Bayonne Energy Center LLC (BEC). S&P also affirmed its 'BB-' rating. S&P said, "Our '3' recovery rating is unchanged, which indicates our expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in a default scenario. "The negative outlook reflects the possibility that BEC could underperform our base-case scenario in the next 12-24 months if lower-than-expected sweeps increase the TLB above our base case. Following financial close, we expect the project will repay $330 million of its debt outstanding through maturity." BEC is an operational 660-megawatt (MW) simple-cycle gas plant, with a heat rate of 9,409 Btu per kilowatt-hour (kWh). BEC earns revenue from energy, capacity, and ancillary services. It is in New Jersey but participates exclusively in the New York Independent System Operator (NYISO) Zone J market. BEC has a total of 10 Siemens SGT-A65 turbines, with the first eight constructed in 2012 followed by two more in 2018. BEC owns the 345-kilovolt (kV) submarine transmission line that is connected to the Gowanus substation in Zone J. Upsize to $675 million leads to a higher debt balance maturity, materially releveraging the project. S&P said, "Elliott plans to increase the TLB to $675 million at financial close, representing a large deviation from our expected TLB balance. This is an increase of approximately $100 million of debt in the third quarter of 2026 relative to our prior expectation, and represents a material amount more to pay off before maturity. Sweeps will be paused after the Q4 2025 sweep until financial close, and we expect the $675 million TLB to close sometime in third-quarter 2026." S&P said, "The project has performed well since we rated it in 2025. During the January 2026 winter storm, referred to as Winter Storm Fern, it managed operations well and captured additional upside by switching to fuel oil. "Additional hedges improve cash flow visibility and margin, offsetting the increase in debt. BEC added additional hedges that improve gross margin and cash flow visibility in both maturity and amount. We expect BEC to earn an additional $40 million-$50 million in premium from incremental HRCOs, which partially offsets the increased debt. While this increases operating risk, Elliot has sought to mitigate this by reducing the deductible on the forced outage insurance to 2 units from 4 units. Capacity swap prices are generally in line with our forecast." Premiums from the HRCOs total about $140 million from 2026-2030. They contribute to cash flow available for debt service (CFADS) and resultant cash flow sweeps. S&P said, "Zone J fundamentals remain robust and in line with our expectations. Supply constraints continue to support healthy capacity prices and energy margins. The market has modestly improved capacity prices and forward capacity prices, which our forecast has been reflecting. "In Zone J, we expect supply to determine energy margin and capacity prices as demand growth is centered on residential and commercial segments and not large load growth (such as data centers). Due to reliability concerns, we expect fossil fuel assets, including BEC, to operate beyond the prior emission-free target date of 2040. "The negative outlook reflects the possibility that BEC could underperform our base-case scenario in the next 12-24 months if lower-than-expected sweeps increase the TLB above our base case. Following financial close, we expect the project will repay $330 million of its TLB outstanding through maturity." S&P could lower the rating if the project does not sweep at least $75 million in the 12 months following transaction close. This could occur if: -- Capacity prices, energy margin, or ancillary revenues are lower than S&P's forecast; -- The project experiences forced outages, resulting in lower generation; -- Underperformance reduces HRCO payments; or -- Excess cash flows don't translate into debt paydown, resulting in a TLB balance of more than $350 million at maturity. S&P could revise the outlook to stable if it forecasts min. DSCRs above 1.35x on a sustained basis and expect a debt balance at maturity of less than $350 million. This could occur if the project's operational and financial performance as well as its hedging strategy translate to debt repayment. BCPE EMPIRE: S&P Upgrades ICR to 'B' on Deleveraging Merger ----------------------------------------------------------- S&P Global Ratings raised all of its ratings on BCPE Empire Holdings Inc. (doing business as Imperial Dade), including the issuer credit rating, which was raised to 'B' from 'B-'. S&P also removed the ratings from CreditWatch, where it placed them with positive implications on Dec. 1, 2025. At the same time, S&P assigned its 'B' issue-level and '3 recovery ratings to the company's recently assumed incremental first-lien term loan. The stable outlook reflects S&P's views that the improving operating environment should enable sustained organic growth, leverage will likely improve to the high-6x area in 2026, and free operating cash flow (FOCF) will strengthen considerably as one-time costs roll off and the company begins to realize merger benefits. Imperial Dade and BradyPLUS--both distributors of food service packaging and facilities maintenance supplies--completed their all-stock merger as of March 12, 2026. Imperial Dade is the surviving entity and has assumed BradyPLUS' debt in an all-stock combination, including an incremental seven-year $2.8 billion first-lien term loan to refinance existing indebtedness at BradyPLUS and repay its asset-based lending (ABL) facility borrowings. Imperial Dade's existing debt--including $2.7 billion of first-lien borrowings and a $575 million second-lien term loan--will remain, while its ABL facility will be upsized to $1.2 billion from $700 million. The merger will improve Imperial Dade's credit measures, and S&P expects expanding profitability to strengthen them further over the next 12-24 months. S&P said, "The stable outlook reflects our expectation for rapid deleveraging in the next one to two years as nonrecurring costs roll off while the industry environment continues to improve, enabling the company's sustained organic growth. We forecast significantly strengthening FOCF, which should continue to improve in future years as the company realizes synergies and takes out additional costs. Execution and integration risks and uncertainties currently limit further upside to the rating." S&P could lower the rating on Imperial Dade if: -- Leverage remains above 8x or FOCF to debt remains below 5%, perhaps because of incremental integration-related expenses or management missteps that lower the company's profitability; or -- Revenue growth stalls and we believe the company is ceding market share, potentially a result of integration execution challenges that deteriorate its customer relationships or cause supplier disruptions, or because of intensifying competition in the industry. S&P could raise the rating on Imperial Dade if: -- It successfully integrates the two companies, driving route efficiencies, consolidating facilities, increasing private-label penetration, and cutting overhead costs such that S&P expects sustained profit margin expansion and consistent market-share growth; and -- S&P said, "Credit metrics improve in line with our forecast such that FOCF to debt is sustained well above 5% and it reduces leverage below 7x. We would also need to believe the company would not engage in a re-leveraging transaction such as an acquisition or debt-funded dividends." BETTER MOTOR WORKS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Nevada entered an interim order granting Better Motor Works, Inc. approval to use cash collateral to continue operations. Under the interim order, the Debtor is permitted to use cash collateral from the petition date through the final hearing strictly in the ordinary course of business and in accordance with an approved budget, subject to a 10% monthly variance. However, the Debtor is prohibited from granting any new liens or security interests that would be equal or senior to existing pre-petition liens, thereby protecting secured creditors' priority positions. As adequate protection, the Debtor must continue making monthly payments of $4,300 to the Nevada Department of Taxation, beginning promptly after entry of the order and continuing monthly thereafter. In exchange, the Nevada Department of Taxation will be granted a superpriority administrative claim and replacement liens on the Debtor's assets, but only to the extent of any decline in the value of its collateral resulting from the use of cash collateral. The order preserves all parties' rights to challenge claims, liens, and other issues at the final hearing scheduled for May 12. The order is available at http://bankrupt.com/misc/BETTERMOTOR_InterimCCOrder.pdf About Better Motor Works Inc. Better Motor Works, Inc. is a Nevada corporation operating as European Motor Cars. Better Motor Works sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-11788) on March 23, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Daniel W. Dunphy, president of Better Motor Works, signed the petition. Judge Natalie M. Cox oversees the case. Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC, represents the Debtor as legal counsel. BIGTIME HOUSING: Fannie Mae Wants Jacqueline Kimaz as Receiver -------------------------------------------------------------- Federal National Mortgage Association, aka Fannie Mae, a corporation organized and existing under the laws of the United States of America, filed a motion with the U.S. District Court for the Eastern District of California, seeking the appointment of Jacqueline Kimaz as receiver for Bigtime Housing Foundation LLC. Fannie Mae contends that appointing a receiver is necessary to take possession and control of a property in Sacramento County that is collateral for an April 25, 2019 loan for $1,261,000 obtained by Bigtime Housing. Fannie Mae is the successor lender under the Multifamily Loan and Security Agreement Borrower entered into with Arbor Commercial Funding I, LLC. Borrower has defaulted on its obligations to Fannie Mae under the Loan Documents and Borrower's defaults give Fannie Mae the remedial right to seek the appointment of a receiver for the property located at 2755 El Caprice Dr., Rancho Cordova, California 95670, with APN 076-0211-005-0000. Fannie Mae is authorizing the Proposed Receiver to, among other things, (a) protect, preserve, secure, manage, and operate the Property, (b) collect the rents, issues, and profits of the Property; and (c) take all other actions and exercise the authority outlined in the Order Appointing Receiver and Order to Show Cause and Temporary Restraining Order -- Rents, Issues, and Profits. As an alternative to the appointment of a receiver, Fannie Mae seeks a turnover order directing Borrower to pay all Rents directly to Fannie Mae. On Sept. 6, 2008, pursuant to the Housing and Economic Recovery Act (HERA), the Director of the Federal Housing Finance Agency (FHFA) placed Fannie Mae into conservatorship. As Conservator, FHFA succeeded to all of Fannie Mae's rights, titles, powers, privileges, and assets. FHFA has represented to Fannie Mae that FHFA supports the appointment of a receiver on the terms outlined in the proposed Order accompanying Fannie Mae's Motion. However, FHFA reserved its rights as to any other or different terms for the appointment of a receiver that have not been approved explicitly by FHFA in advance. Fannie Mae says Borrower has committed multiple Events of Default, which support granting the appointment of a receiver pursuant to this motion. Borrower's continuing failure to timely pay all amounts required by the Loan Documents and satisfy all other obligations under the Loan Documents extends beyond all applicable notice and cure periods and, as such, constitutes Events of Default pursuant to the Loan Agreement. Borrower has been chronically late with its loan payments throughout the life of the loan, which is a breach of the Loan Agreement: -- payment for May 2025, for $11,170.19, was 11 days late. -- payment for June 2025, for $11,170.19, was 9 days late. -- payment for July 2025, for $11,170.19, was 9 days late. -- payment for August 2025, for $11,170.19, was 10 days late. -- payment for September 2025, for $10,574.76, was 9 days late. On Oct. 2, 2025, the Borrower underpaid by $8,535.13. Borrower underpaid, again, on Nov. 4, 2025, also for $8,535.13. Borrower has failed to maintain its Single Asset Status by commingling its assets or funds with those of another person or entity, such that the assets and funds cannot be easily segregated and identified in the ordinary course of business. Such failure is not permitted under the terms of the Loan Documents, including, but not limited to, the Loan Agreement. Fannie Mae also notes that another event of default occurred when Borrower made a "Transfer" of a part of the Mortgaged Property without the prior approval of Fannie Mae in violation of the Loan Agreement, which includes liens. A second deed of trust was recorded against the property on March 13, 2025, with the trustor being Borrower, and the beneficiary is Forbix Capital Corp., a California corporation. The purpose of the second deed of trust is to secure payment of $700,000 with interest payable to the beneficiary. As a result of the Events of Default, Borrower's license to collect rents from the Property has automatically terminated pursuant to the Deed of Trust, and Borrower has been so notified through a Notice of Default and Acceleration of Debt, dated Jan. 22, 2026, sent by Fannie Mae's attorneys to Borrower. Fannie Mae gave the Borrower at least two opportunities to cure its defaults. On April 14, 2025, Original Lender mailed to Borrower a "Reservation of Rights" letter advising Borrower that "Borrower has failed to maintain its Single Asset Status by commingling its assets or funds with those of another Person, such that the assets and funds cannot be easily segregated and identified in the ordinary course of business." Attorneys for Fannie Mae have communicated by phone and email with the Borrower multiple times since the Notice of Default was issued, but no resolution was reached on curing the multiple defaults. All amounts are now due under the Note, and it is fully due and payable. Pursuant to the Notice of Default, Fannie Mae terminated the Borrower's license to collect rents and demanded the turnover of all rents as they became due and payable. This includes all rents currently due and unpaid, other than those rents that are used for bona fide current operating expenses to third parties in connection with the operation of the Property. Any excess rents should have been paid to Fannie Mae. The Borrower has not turned over any rents to Fannie Mae. Fannie Mae "shall immediately have all rights, powers, and authority granted to Borrower under any Lease (including the right, power and authority to modify the terms of any such Lease, or extend or terminate any such Lease) and, without notice, Lender shall be entitled to all Rents as they become due and payment, including Rents then due and unpaid. Borrower had the opportunity to cure the defaults without court intervention, but failed to do so. In the First and Second ROR Letters, on April 14 and Nov. 14, 2025, respectively, Borrower was advised that it had failed to maintain its Single Asset Status, took out a second mortgage on the Property without Fannie Mae's consent, and failed to maintain insurance for the Property as required by the Loan Documents. Although Fannie Mae contends it is entitled to a receiver and a receiver is the best option, allowing Fannie Mae to protect its interest in the collateral, in the event the Court is not inclined to grant such a remedy, as an alternative to appointment of a receiver, Fannie Mae seeks a turnover order directing Borrower to pay all rents directly to Fannie Mae. About Bigtime Housing Foundation LLC Bigtime Housing Foundation LLC owns a property located at 2755 El Caprice Dr., Rancho Cordova, California 95670. Bigtime is facing a receivership case captioned as Federal National Mortgage Association, aka Fannie Mae v. Bigtime Housing Foundation LLC, Case No. 2:26-cv-00610 (E.D. Calif.), before the Hon. Sean C. Riordan. The case was filed on Feb. 26, 2026. Attorneys for Plaintiff Federal National Mortgage Association aka Fannie Mae: Marsha A. Houston, Esq. REED SMITH LLP 1901 Avenue of the Stars, Suite 700 Los Angeles, CA 90067-6078 Tel: +1 310 734 5200 Fax: +1 310 734 5299 E-mail: mhouston@reedsmith.com - and - Phillip Babich, Esq. REED SMITH LLP 101 Second Street, Suite 1800 San Francisco, CA 94105-3659 Tel: +1 415 543 8700 Fax: +1 415 391 8269 E-mail: pbabich@reedsmith.com BISHOP OF OAKLAND: Creditors Committee Files Competing Plan ----------------------------------------------------------- The official committee of unsecured creditors of the Roman Catholic Bishop of Oakland filed with the U.S. Bankruptcy Court for the Northern District of California a Disclosure Statement describing Plan of Reorganization for the Debtor dated March 27, 2026. The Committee in the chapter 11 bankruptcy case of the Debtor consists of nine survivors of sexual abuse ("Survivors") who are entrusted with representing the interests of all Survivors. In an attempt to protect itself from a deluge of claims arising out of sexual abuse committed by members of its clergy ("Abuse Claims"), the Roman Catholic Bishop of Oakland, a California corporation sole, filed for bankruptcy protection under chapter 11 of title 11 of the United States Code on May 8, 2023. The Debtor has remained in possession of its assets and has continued to manage its affairs. The Committee thus filed the Committee Plan so that: * The Debtor must pay $195.2 million in three installments with the last payment due no later than September 2029; * RCWC, if it chooses, can elect to pay $118.9 million in two installments with the last payment due no later than March 5, 2028 in consideration for releases of claims against it; * Abuse Claimants can elect to litigate against the Debtor's insurers, which are contractually obligated to pay certain Abuse Claims, in order to receive a recovery from the Debtor's valuable insurance policies; and * Abuse Claimants, the children in the care of the Diocese and society at large can be assured that the Debtor must take all steps necessary to make certain the harm that befell Abuse Claimants never occurs again. The Committee Plan provides for (i) the Debtor to contribute $195.2 million to a settlement trust (the "Survivors' Trust") established for the sole benefit of Abuse Claimants and (ii) RCWC to contribute $118.9 million, if it elects to contribute to the Committee Plan in exchange for releases of its liability for Abuse Claims, for a total of $314.1 million. The contributions will be made in installments with the last payment due on or before September 5, 2029. The Debtor will also assign the proceeds of its insurance policies to the Survivors' Trust, which the Committee believes are worth far more than the amounts the Debtor has agreed to accept under the Diocese Plan. Class 3 shall consist of all Allowed General Unsecured Claims. Class 3 does not include Abuse Claims. Except to the extent a Holder of an Allowed General Unsecured Claim (including an Allowed Rejection Claim) agrees to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed General Unsecured Claim, each such Holder shall receive payment in Cash in an amount equal to such Allowed General Unsecured Claim on the Effective Date; provided, however, that if a General Unsecured Claim is not Allowed as of the Effective Date, it shall be paid on the date that is 21 days after the date such General Unsecured Claim becomes an Allowed General Unsecured Claim. Class 3 is Unimpaired under the Plan. Class 4 shall consist of all Allowed Abuse Claims, other than Unknown Abuse Claims. This Plan creates the Survivors' Trust to fund payments to Holders of Allowed Abuse Claims entitled to such payments under the Plan and the Survivors' Trust Documents. Except to the extent a Holder of an Allowed Abuse Claim agrees to less favorable treatment of such Claim, in full and final satisfaction, settlement, release, and discharge of and in exchange for such Allowed Abuse Claim, each such Holder shall receive their allocable share of the Survivors' Trust Assets at the time and in the manner set forth in Articles VIII and IX hereof and the Survivors' Trust Documents. The Committee Plan establishes a Survivors' Trust for the benefit of Abuse Claimants. The Survivors' Trust will distribute funds to Abuse Claimants from (i) the $195.2 million of settlement funds from the Diocese, (ii) if RCWC elects to contribute to the Survivors' Trust in exchange for releases, the $118.9 million of settlement funds from RCWC and (iii) any additional funds collected through litigation and/or settlement with the Debtor's insurers. $7.7 million of this amount will be set aside to pay any unknown claims, which are Abuse Claims filed after the Committee Plan Effective Date. The Survivors' Trust will protect and enforce Abuse Claimants' rights by continuing litigation against the Debtors' insurers so that they are held liable for their contractual obligations. Certain Abuse Claimants may also seek to pursue the insurers for liability. On the Effective Date, the Survivors' Trust will segregate $5 million into the Unknown Abuse Claims Reserve for the benefit of Holders of Class 5 Claims. The Survivors' Trust will increase the amount in the Unknown Abuse Claims Reserve by $1.3 million within one year after the Effective Date and by $1.4 million within two years of the Effective Date, for a total of $7.7 million. The Survivors' Trust will be funded by: * the Debtor in the amount of $195.2 million; and * RCWC (provided it receives post-confirmation releases from Class 4 Claimants holding Claims against it) in the amount of $118.9 million, for a total of $314.1 million. A full-text copy of the Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=YA8bz4 from Kurtzman Carson Consultants LLC, claims agent. Attorneys for Official Committee of Unsecured Creditors: Jeffrey D. Prol, Esq. Brent Weisenberg, Esq. Lowenstein Sandler, LLP One Lowenstein Drive Roseland, NJ 07068 Tel: (973) 597-2500 Fax: (973) 597-2400 Email: jprol@lowenstein.com Tobias S. Keller, Esq. Jane Kim, Esq. Gabrielle L. Albert, Esq. Keller Benvenutti Kim. LLP 650 California Street, Suite 1900 San Francisco, CA 94108 Telephone: (415) 496-6723 Facsimile: (650) 636-9251 Email: tkeller@kbkllp.com Special Insurance Counsel for Official Committee of Unsecured Creditors: Timothy W. Burns, Esq. Jesse J. Bair, Esq. Burns Bair, LLP 10 E. Doty Street, Suite 600 Madison, WI 53703 Telephone: (608) 286-2302 Email: tburns@burnsbair.com About The Roman Catholic Bishop of Oakland The Roman Catholic Bishop of Oakland, a tax-exempt religious organization, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-40523) on May 8, 2023. In the petition signed by Bishop Michael Charles Barber, the Debtor disclosed $100 million to $500 million in both assets and liabilities. Judge William J. Lafferty oversees the case. The Debtor tapped Foley & Lardner LLP as legal counsel, Alvarez & Marsal North America, LLC as restructuring advisor, and Covington & Burling LLP as special insurance counsel. Kurtzman Carson Consultants LLC is the Debtor's claims and noticing agent and administrative advisor. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee tapped Lowenstein Sandler, LLP as bankruptcy counsel; Burns Bair LLP as special insurance counsel; and Berkeley Research Group, LLC as financial advisor. BOBBITT ELECTRICAL: Douglas Adelsperger Named Subchapter V Trustee ------------------------------------------------------------------ The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for Bobbitt Electrical Service, LLC. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger 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 R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About Bobbitt Electrical Service Bobbitt Electrical Service, LLC, owns and operates as an electrical contractor providing services to commercial customers. Bobbitt was incorporated in 2019. Bobbitt operates out of the owner's home in Indianapolis, Indiana. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 23-05620-JMC-11) on December 19, 2023. In the petition signed by Bernard Bobbitt, president, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge James M. Carr oversees the case. John Allman, Esq., at Hester Baker Krebs LLC, is the Debtor's legal counsel. BRADYPLUS HOLDINGS: S&P Withdraws 'B' Issuer Credit Rating ---------------------------------------------------------- S&P Global Ratings withdrew its 'B' issuer credit rating on BradyPLUS Holdings LLC. We also discontinued our ratings on the company's term loan, which has been assumed by BCPE Empire Holdings, Inc. and we now rate the debt under this entity. These actions follow the completion of Brady's merger with BCPE Empire Holdings Inc. on March 12, 2026. At the time of the withdrawal, our outlook on the company was stable. BRAVO BRIO: Court to Confirm Plan of Reorganization --------------------------------------------------- Judge Lori V. Vaughan of the U.S. Bankruptcy Court for the Middle District of Florida will confirm the Plan of Reorganization filed by Bravo Brio Restaurants, LLC and its affiliated debtors. In 2020, BBR acquired its assets through a Sec. 363 sale in the chapter 11 bankruptcy of FoodFirst Global Restaurants, Inc. Specifically, FoodFirst's senior lender GPEE Lender, LLC prevailed at auction via credit bid and assigned the sale rights to BBR who took title to the assets and assumed $23 million of GPEE senior secured debt. Bravo Brio Holdings, LLC is the sole owner of BBR. Holdings is owned by Earl Enterprises, Corp., LLC and a Brazilian investment fund called GP. Debtors filed their Disclosure Statement and Plan of Reorganization on Dec. 9, 2025. On Dec. 10, 2025, the Court entered an Order (I) Conditionally Approving Disclosure Statement, (II) Scheduling Combined Disclosure Statement and Confirmation Hearing, (III) Setting Related Deadlines, and (IV) Setting Deadline for Filing Administrative Expense Applications. Debtors later filed a Second Modified Plan of Reorganization, which is the final version of the Plan which they seek to have confirmed. While not called a joint plan, Debtors' Plan provides for the reorganization of all the Debtors, not just BBR. The Plan has 10 classes consisting of one (1) priority claims class, seven (7) secured claims classes, one (1) unsecured claims class, and one (1) class of equity interests. Except for the class of equity interests, the Plan provides for the repayment of allowed administrative, priority, secured and unsecured claims as described therein. All classes of the Plan are impaired. Class 3 is the claim of inKind. Under Class 3, Debtors dispute that inKind holds a valid and perfected security interest on any assets, but if it is determined that inKind holds valid and perfected security interest, the value of those assets do not exceed the value of GPEE's allowed secured claim, and therefore, pursuant to 11 U.S.C. Sec. 506, inKind's claims are wholly unsecured. To the extent that inKind is deemed to hold an allowed claim, the Plan provides such allowed claim shall be treated in Class 9. Class 9 consists of all allowed general unsecured claims for each of the Debtors. In full satisfaction of their claims, creditors will receive a pro rata distribution of $750,000 from the sale of the liquor license held at BBR's Freehold, New Jersey restaurant. Distributions to allowed unsecured claims will be made on the Effective Date or, if an unsecured claim does not become allowed before the Effective Date, then the distribution for the claim will be made on the date the allowed amount of the claim is determined by final order of the Bankruptcy Court. Creditors inKind Cards Inc., inKind Warehouse Facility LLC, and inKind Credit Fund LP (collectively, "inKind") challenge confirmation of Debtors' Plan of Reorganization and approval of the Disclosure Statement on various grounds and have voted to reject the Plan. All remaining classes—holding claims totaling over $32 million—voted to accept the Plan. inKind describes itself as a restaurant financing company and alternative to traditional financing. inKind purchases credit from restaurant operators and sells the credit to consumers via inKind's smartphone application. Consumers then redeem the credit at restaurants to purchase food and drinks. inKind's profit is derived by purchasing credit from restaurant operators at a substantial discount and selling it to customers for close to face value. inKind asserts they possess a fully secured claim of $11,932,899 based on the purchase of $7 million in credit for use at any of the Brio Bravo restaurants even though Debtors have already honored more than $7 million in credit. The Court concludes inKind is not entitled to any recovery under the terms of their agreement and therefore estimates its claims at $0. inKind contends that the Plan does not comply with Secs. 1122(a) and 1123(a)(1) respecting treatment of inKind's claims and does not comply with Sec. 1125 and Bankruptcy Rule 3017 respecting service of the Disclosure Statement and solicitation of the Plan. To the extent inKind received solicitation of the Plan before receipt of the Disclosure Statement is harmless and not fatal to confirmation. The Court finds Debtors and the Plan comply with Sec. 1125 and Bankruptcy Rule 3017 respecting service of the Disclosure Statement and solicitation of the Plan. Regarding treatment of inKind's claims, inKind argues the Plan does not comply with Secs. 1122(a) and 1123(a)(1) which requires a plan "designate classes of claims, and classes of interests" subject to placing a "claim or an interest in a particular class only if such claim or interest is substantially similar to the other claims or interests of such class." inKind asserts the Plan does not properly classify its secured and unsecured claims and predetermines the unsecured treatment of its claim. inKind's arguments now appear moot as it holds an unsecured claim of $0. Nevertheless, the Plan provides for inKind's secured claim to the extent it existed in Class 3, which due to senior liens, any allowed amounts would be unsecured. inKind's allowed unsecured claims would be treated in Class 9 along with other creditors holding unsecured claims. inKind's secured and unsecured claims, to the extent they existed, were properly classified in the Plan. The Court finds that the Plan and Debtors have complied with the applicable provisions of the Bankruptcy Code and as a result Sec. 1129(a)(1) and (a)(2) have been satisfied. The Court rejects inKind's objections and will confirm Debtors' Plan of Reorganization. A copy of the Court's Memorandum Opinion dated March 31, 2026, is available at https://urlcurt.com/u?l=lGY5KE About Bravo Brio Restaurants, LLC Bravo Brio Restaurants, LLC is a Florida-based restaurant operator behind the Bravo! Italian Kitchen and Brio Italian Grille chains. The multi-state casual dining group known for Italian-American cuisine. Bravo Brio Restaurants, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05224) on August 18, 2025, listing $50,000,001 to $100 million in both assets and liabilities. Judge Lori V Vaughan presides over the case. R Scott Shuker, Esq. at Shuker & Dorris, P.A. represents the Debtor as counsel. BREAKFAST BITCH: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Breakfast Bitch AZ LLC 330 E. Roosevelt St. Phoenix, AZ 85004 Business Description: Breakfast Bitch LLC, a restaurant operator based in Phoenix, Arizona, provides dine-in breakfast and brunch services featuring American-style comfort food, including chicken and waffles, pancakes, and egg-based dishes, while creating a high-energy, party-like dining atmosphere and branding centered on inclusivity and empowerment. The company serves individual diners and social groups seeking experiential dining. Chapter 11 Petition Date: April 3, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-03290 Judge: Hon. Eddward P Ballinger Jr Debtor's Counsel: Lamar Hawkins, Esq. GUIDANT LAW PLC 4320 E Presidio Street, Suite 101 Mesa, AZ 85282 Email: lamar@guidant.law Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Derrell Hutsona as manager. The Debtor failed to provide a list of its 20 largest unsecured creditors in the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IT5OFYY/Breakfast_Bitch_AZ_LLC__azbke-26-03290__0001.0.pdf?mcid=tGE4TAMA BUCKINGHAM SENIOR: Baker & Assoc, Smith & Smith Advise Residents ---------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Buckingham Senior Living Community, Inc. and its debtor-affiliates, Baker & Associates, together with Smith and Smith, filed with the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court that both firms represent elderly individuals. According to the Verified Statement, after filing an initial motion for standing for Lee Adcock Hunnell, Thomas A. Willett, Manuel Ariel Payan, Stephan Dyer, Thomas C. Ryan, and other similarly situated, the Firms have been engaged by other individuals to pursue potential claims in the case for recoveries of the amounts owed to the individuals. The individuals who have retained the Firms are either residents of the Buckingham Senior Living Community or are representatives of the estates of former residents. The Firms will work with the individuals to make a more definitive determination of the amounts owed and the estimated disclosable economic interests. The total amounts owed to all individuals at Buckingham Senior, including unpaid amounts from the past, may be up to $145,000,000. Each of the individuals paid certain amounts as "entrance fees" to the Buckingham as part of a Life Care Contract or similar agreement. Each of the individuals was promised in their respective contracts with the Buckingham to receive between 50% to 95% of the "entrance fees" to be returned upon leaving the Buckingham. The situation leaves the individuals with possibly receiving less than 5% of the amounts owed. Each individual has signed an engagement agreement with the Firms to represent the individual to seek to recover fees that may be owed to them and to take actions to address the unpaid amounts. The Firms have agreed to represent the individuals based on a contingency fee agreement. No fees are being charged if the Firms are not successful in obtaining recoveries for the individuals. The Firms expect that more individuals may engage the Firms to seek recovery of fees owed and promised to the individuals. The list of clients of the Firms, addresses, and the estimated amount owed by the Buckingham to each person, or the estimated disclosable economic interest, is: 1. Lynn Hargrove / Estate of Bruce & Suzanne Robertson 1524 Waverly St., Houston, TX 77008 Estimated amount owed by Buckingham-Estimated disclosable economic interest $800,000.00 2. McAdams, Penelope 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,100,000.00 3. Hegenbarth, James T & Carole 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,000,000.00 4. Jamison, Michael 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,008,000.00 5. Slick, Sally 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,210,135.00 6. Seggerman, Merrill & Carole 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,800,000.00 7. Longmire, Gayle 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $888,890.00 8. Brown, Charles B 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $350,000.00 9. Liesner, Willy & Inge-Lotte 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $625,000.00 10. Fetters, Jerry 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,188,402.50 11. Zama, Walter & Nancy 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $800,000.00 12. Dunn, Marjorie 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated economic interest $1,340,479.00 13. McCain, Matthew / Heir to George McCain 10811 Oak Creek St., Houston, TX 77024 Estimated amount owed by Buckingham-Estimated disclosable economic interest $520,606.00 14. Hunnell, Lee 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $458,388.00 15. Spengler, Richard 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,125,900.00 16. Bing, William 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $367,740.00 17. Siegele, Mary 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $510,000.00 18. Johnson, Henry & Hanley, Helen 8580 Woodway Dr., Apt. 1XXX, Houston, TX, 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $620,000.00 19. Lober, James / Estate of Claire Freedman Lober 7017 Staffordshire Blvd., Houston, TX 77030 Estimated amount owed by Buckingham-Estimated disclosable economic interest $494,100.00 20. Saxe, August & Fergus, Cynthia 11007 Huntwyck Dr., Houston, TX 77024 Estimated amount owed by Buckingham-Estimated disclosable economic interest $473,972.30 21. Smith, Joe & Nancy 8580 Woodway Dr., Apt. 2XXX, Houston, TX 7706 Estimated amount owed by Buckingham-Estimated disclosable economic interest $600,000.00 22. Bryant, Penny 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,000,000.00 23. Michko, Georgette 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $350,000.00 24. Hillman, Cheryl 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,000,000.00 25. O'Shea, Julialee 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $568,530.00 26. Richardson, Norma 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,896,105.00 27. Lopez, Ramon 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $754,000.00 28. Mattei-Nelson, Edna Earle 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $777,000.00 29. Endelman, Fred 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $616,000.00 30. Upmanyu, Marilyn 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $632,000.00 31. Dow, Joan 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $888,687.00 32. Biggs, Jane G. 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $694,000.00 33. Borgen, Gayle 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $594,000.00 34. Dewitts, Elisabeth F. 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $500,000.00 35. Youngjohn, Beverly c/o Youngjohn, Mark 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $975,000.00 36. Willett, Tom / Prillaman Living Trust 1007 Calico St., Franklin, TN 37064 Estimated amount owed by Buckingham-Estimated disclosable economic interest $338,309.39 37. Fosseen, John & Linda 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $728,000.00 38. Ladwig, Barbara 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $597,000.00 39. Hale, Diane & Mitchel 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $946,105.00 40. Jones, Thomas A. 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,705,500.00 41. Ryan, Tom & Emily 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,288,355.00 42. Harris, Elaine T. 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $380,000.00 43. Giannantonio, Carolyn 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $108,000.00 44. Threet, Jack C. 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $673,200.00 45. Dunn, John S. & Eva L. 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,700,000.00 46. Handley, Kay & Charlie 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $790,000.00 47. Stuckey, Barbara 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $529,760.00 48. Manazir, Shamsi 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $614,000.00 49. Hill, Jerry 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $650,000.00 50. Wells, Charles A. & Diane E. 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $500,000.00 51. Podell, Frances 8580 Woodway Dr., Apt. 1XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $252,500.00 52. Hurt, Arthur Jackson Jr. & Ann K. Neyland 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $818,105.00 53. Jankowski, Suzanne 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $698,212.80 54. Thompson, Bill 8580 Woodway Dr., Apt. 2XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $673,200.00 55. Gregory, Raymond F. 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $423,994.15 56. Roberts, Richard / Estate of John & Ann Roberts 1226 E. Hunters Creekway Dr., Houston, TX 77055 Estimated amount owed by Buckingham-Estimated disclosable economic interest $650,000.00 57. Likins, Robert & Sigrid 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $900,000.00 58. Raymond, Martin S. 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $851,105.00 59. Sorensen, Paul & Stacia P.O. Box 19549, Houston, TX 77024 Estimated amount owed by Buckingham-Estimated disclosable economic interest $480,000.00 60. Gregory, Paul C. / Estate of Ann C. Gregory 10000 Memorial Dr., Ste. 540, Houston, TX 77024 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,082,699.31 61. Weis, Stacy; McCullough, Greg; McCullough, Patrick; McCullough, Michael / Estate of George B. McCullough 2640 Shenandoah Ave., Charlotte, NC 28205 Estimated amount owed by Buckingham-Estimated disclosable economic interest $960,529.00 62. Dyer, Steven / Estate of Robert Dyer 8303 Dixon Dr., Austin, TX 78745 Estimated amount owed by Buckingham-Estimated disclosable economic interest $770,000.00 63. Zaricznyj, Stefania 8580 Woodway Dr., Apt. 8XXXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $609,000.00 64. Quisenberry, Garyle 8580 Woodway Dr., Apt. 8XXX, Houston, TX 77063 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,188,000.00 65. Payan, Manuel Ariel / Estate of Margaret Payan 4212 Cat Hollow Dr., Austin, TX 78731 Estimated amount owed by Buckingham-Estimated disclosable economic interest $1,200,000.00 TOTAL ESTIMATED AMOUNT OF DISCLOSABLE ECONOMIC INTERESTS $51,632,509.45 Counsel for Lee Adcock Hunnell, Thomas A. Willett, Manuel Ariel Payan, Steven Dyer, Thomas C. Ryan, et al. may be reached at: Reese W. Baker, Esq. 950 Echo Lane, Suite 300 Houston, TX 77024 Tel: (713) 869-9200 Email: courtdocs@bakerassociates.net About Buckingham Senior Living Community, Inc. Buckingham Senior Living Community, Inc., doing business as The Buckingham, operates a not-for-profit continuing care retirement community (CCRC) in Houston, Texas, offering independent living, assisted living, memory care, skilled nursing, rehabilitation, and respite care. The community spans 23 acres near the Memorial neighborhood and features walking trails, courtyards, gardens, 24-hour security, dining, wellness programs, and other amenities designed to support resident lifestyle and relationships. Established over 20 years ago, The Buckingham provides comprehensive senior living services, allowing residents to transition across care levels as needs evolve. Buckingham Senior Living Community filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80595) on Nov. 17, 2025, listing up to $500 million in both assets and liabilities. Judge Michelle V. Larson presides over the case. The Debtor tapped McDermott Will and Schulte LLP as counsel; Implex Advisors, LLC as financial advisor; and Raymond James & Associates, Inc. as an investment banker. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation, and administrative agent. BULLIVANT HOUSER: Seeks to Hire Perkins & Co. as Accountant ----------------------------------------------------------- Bullivant Houser Bailey, PC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to employ Perkins & Co. as accountants. The firm will assist with preparation of the Debtor's 2025 tax returns. Perkins has requested pre-payment of a retainer in the amount of $24,000. As disclosed in the court filings, Perkins & Co. is a disinterested person as defined in 11 USC Sec. 101(14). The firm can be reached through: Sean Wallace Perkins & Co. 1211 SW 5th Ave, Suite 1000 Portland, OR 97204 About Bullivant Houser Bailey, PC Bullivant Houser Bailey PC was a West Coast law firm founded in 1938 and headquartered in Portland, Oregon, with offices in California, Washington, and Nevada. The firm offered a broad range of legal services, including corporate law, commercial litigation, employment, real estate, insurance coverage, and products liability. Bullivant Houser Bailey PC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-31017) on December 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Dennis Montali handles the case. The Debtor tapped Kevin W. Coleman, Esq., at Nuti Hart LLP as counsel and Donlin, Recano & Company, LLC as claims and noticing agent. CAROLINA RENOVATION: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of North Carolina, Shelby Division, granted Carolina Renovation Warehouse, LLC interim approval to use cash collateral. Under the interim order, the Debtor is permitted to use cash collateral strictly for operating expenses in accordance with an approved budget. The Debtor must remain within budget limits, allowing only up to a 10% variance per line item. Any use of cash collateral outside these parameters is prohibited unless further authorized by the court. Based on UCC financing statements filed with the North Carolina Secretary of State, the creditors that may assert interest in the cash collateral include Pinnacle Bank, S&C Warehouse, LLC, Dover Capital, and Middesk, Inc. Pinnacle Bank also served as a pre-petition depository institution. These creditors will receive replacement liens on post-petition assets to the same extent and priority as their pre-petition interests, ensuring adequate protection if their collateral is used. Additionally, third parties owing money to the Debtor must pay those amounts directly to the Debtor, unless a party requests an earlier hearing to contest such payments. A further hearing is set for April 14 to consider continued use of cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/AWTAP from PacerMonitor.com. About Carolina Renovation Warehouse LLC Carolina Renovation Warehouse, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.C. Case No. 26-40048) on February 20, 2026. In the petition signed by Dustin C. Bealby, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Ashley Austin Edwards oversees the case. John C. Woodman, Esq., at Essex Richards PA, represents the Debtor as legal counsel. CHARLES & COLVARD: Gets OK to Employ and Compensate OCPs -------------------------------------------------------- Charles & Colvard, Ltd. received approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ and compensate Ordinary Course Professionals. The Debtors need ordinary course professionals to perform services for matters unrelated to these Chapter 11 cases. The Debtor is authorized to pay one hundred percent of the fees and expenses of each Ordinary Course Professional upon submission and approval of appropriate billing statements, subject to an OCP Cap of $20,000 per month on average over a rolling two-month period. Any fees exceeding the cap must be sought through a formal fee application. The OCPs include: Broadridge ICS -- Investor communications solutions services Deloitte Tax, LLP -- Tax advisory, compliance and consulting services Armor Holdco, Inc. -- Institutional financial services, including share registry, transfer agent services, and dividend processing Flanagan Law, PLLC -- Legal counsel and corporate counsel Insightsoftware, LLC -- Financial reporting, data, budgeting and tax management software; Run investors relations Smith Anderson, LLP -- Legal counsel and SEC compliance counsel Toppan Merrill, LLC -- Financial reporting and regulatory compliance services Morris Kandinov LLP -- Legal counsel As disclosed in the court filings, Ordinary Course Professionals must certify they do not hold or represent interests adverse to the Debtor or the estate. About Charles & Colvard Ltd. Charles & Colvard Ltd. is a jewelry manufacturer known for its lab-grown moissanite gemstones. Charles & Colvard Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00969 on March 2, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge David M Warren oversees the case. The Debtor is represented by Rebecca Redwine Grow, Esq. and Jason L. Hendren, Esq. of Hendren Redwine & Malone, PLLC. CHELSEA BUSINESS: Seeks Approval to Hire Siconolfi PLLC as Counsel ------------------------------------------------------------------ Chelsea Business Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Siconolfi PLLC to serve as legal counsel. The firm will provide these services: (a) assist in the administration of this Chapter 11 proceeding; (b) prepare or review operating reports; (c) set a bar date; (d) file a motion to retain a broker to market the Property; (e) negotiate the sale of the Property; (f) draft a plan of reorganization including all exhibits and schedules thereto; (g) confirm a Chapter 11 plan; and (h) perform all other services necessary to confirm a plan in bankruptcy or defend the bankruptcy. Siconolfi PLLC will receive an hourly rate of $550 for attorneys and $250 for paralegals. The firm 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: Sally Siconolfi, Esq. H. Bruce Bronson, Esq. SICONOLFI PLLC 2 Peter Cooper Road #4G New York, NY 10010 Telephone: (646) 245-8949 E-mail: sallysiconolfi@siconolfipllc.com About Chelsea Business Properties LLC Chelsea Business Properties LLC is a New York limited liability company that owns a commercial building located at 144 Eighth Avenue in Manhattan and operates as a single asset real estate entity. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-10380) on February 24, 2026. In the petition signed by Kenneth Choi, manager and operating member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Philip Bentley oversees the case. Sally Siconolfi, Esq., at Siconolfi PLLC, represents the Debtor as legal counsel. CHILDREN'S HEALTH: Taps Brunini Grantham Grower as Legal Counsel ---------------------------------------------------------------- Children's Health Center of Columbus, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to employ Brunini, Grantham, Grower & Hewes, PLLC as special counsel to handle all human resources/employment matters. The firm will provide these services: (a) act as the Debtor's special counsel in connection with all employment matters; (b) perform legal services related to HRE as needed for the Debtor's estate; and (c) continue representation of the Debtor on HRE issues previously handled prior to the Petition date. The firm will be compensated at hourly rates of $380 for partners, $250 for associates, and $140 for paralegals. According to the Affidavit of Scott F. Singley, both Mr. Singley and the Law Firm are "disinterested persons" as required under the Bankruptcy Code. The firm can be reached at: Brunini, Grantham, Grower & Hewes, PLLC 68 Brickerton Street Columbus, MS 39701 About Children's Health Center of Columbus, Inc. Children's Health Center of Columbus, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-10693) on March 2, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Selene D. Maddox oversees the case. Craig M. Geno, Esq., at the Law Offices of Craig M. Geno, PLLC represents the Debtor as legal counsel. CLINTWOOD JOD: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------------- Paul Randolph, Acting U.S. Trustee for Region 8, appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Clintwood JOD, LLC and JOD Mineral Properties, LLC. The committee members are: 1. Nelson Brothers, LLC Marty Petrunyak 820 Shades Creek Parkway Suite 2000 Birmingham, AL 35209 mpetrunyak@nelbro.com 2. Jones Oil Company, Inc. P.O. Box 3427 Pikeville, KY 41502 (502) 625-2734 AStosberg@GrayIce.com 3. Kentucky Berwind Land Company Saul Treiman, CEO and President 16114 Ferrells Creek Rd. Belcher, KY 41513 saul.treiman@BNRCorp.com 4. Wayne Blankenship 2315 Smith Branch Road Grundy, VA 24614 (276) 935-7847 VABlankenships5@yahoo.com 5. Brandeis Machinery & Supply Company Brian Logsdon, General Manager, Financing Credit 1801 Watterson Trail Louisville, KY 40299 (502) 493-4273 brian_logsdon@bramco.com 6. SynTerra Corporation Craig Miller, CFO 148 River Street, Suite 220 Greenville, SC 29601 864-527-4633 cmiller@synterracorp.com 7. Joseph Barnett on behalf of himself and all others similarly situated c/o Stuart J. Miller 100 Church Street 8th FL New York, NY 10007 221-581-5005 stuart@lankmill.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 Clintwood JOD LLC Clintwood JOD, LLC is a coal mining company based in Belcher, Kentucky, operating surface and underground mining activities focused on producing bituminous coal for industrial and metallurgical use. Founded in 2019, the company works across eastern Kentucky and nearby regions, supplying coal to domestic energy and steel-related markets. Its operations center on extracting, processing, and transporting coal, supporting demand from industrial clients in the region. Clintwood JOD sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-60438) on March 22, 2026. In the petition signed by J. Christopher Adkins, authorized signatory, the Debtor disclosed assets of between $100 million and $500 million and liabilities of between $50 million and $100 million. Judge Gregory R. Schaafoversees the case. Dean A. Langdon, Esq., at Gartland Thacker DelCotto, PLLC, represents the Debtor as legal counsel. CN HOLDINGS: Kevin Neiman Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Kevin Neiman as Subchapter V trustee for CN Holdings, LLC. Mr. Neiman will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Neiman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kevin S. Neiman PO Box 100455 Denver, CO 80250 Tel: (303) 996-8637 Fax: (877) 611-6839 Email: trustee@ksnpc.com About CN Holdings LLC CN Holdings, LLC, doing business as Firehouse Subs of SE Idaho and Utah, operates Firehouse Subs restaurants as a franchisee, a fast-casual chain specializing in submarine sandwiches that serves hot subs prepared with meats and cheeses across North America. The company was formed through the merger of 2C Inferno LLC, 4C&N, LLC, and Ignacious Endeavors, LLC on Jan. 23, 2026. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-21555) on March 23, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Christopher Morris, manager, signed the petition. Judge Michael F. Thomson presides over the case. Brian M. Rothschild, Esq. at PARSONS BEHLE & LATIMER represents the Debtor as legal counsel. CN HOLDINGS: Seeks to Hire JSM Bookkeeping as Controller -------------------------------------------------------- Cn Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire JSM Bookkeeping, LLC as an ordinary course professional as controller and operations consultant. JSM will perform bookkeeping and related services, including: a. Monthly, Quarterly and Annual Bookkeeping; b. Sales Tax Filing; c. Cash Flow Reporting; d. Month End Financial Reporting Package preparation; e. Year End coordination with accountants for audit/tax preparation; and f. clean-up/catch-up Services. JSM has agreed to charge its standard monthly fee of $390 per month, per store, for a total monthly fee of $3,900 per month in exchange for providing the services. JSM is a "disinterested person," as such term is defined in Bankruptcy Code section 101(14), as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Julie Miller JSM Bookkeeping, LLC 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. COMMUNITY HEALTH: S&P Alters Outlook to Pos., Affirms 'CCC+' ICR ---------------------------------------------------------------- S&P Global Ratings affirmed our 'CCC+' rating on Community Health Systems Inc. and revised its outlook to positive from negative. S&P said, "At the same time, we affirmed our issue-level ratings on Community Health's 'B-'- rated senior secured as well as its 'CCC-' rated junior secured and senior unsecured debt. "The positive outlook reflects the potential for continued operating improvement, resulting in more consistent, improved cash flow generation and further deleveraging. Combined with decreased risk of further distressed exchanges, we could raise the rating over the next year. "Community Health's operating performance is improving. The company's S&P Global Ratings-adjusted EBITDA margins improved to 12.1% from 10.9% in 2024. We expect further margin and cash flow improvement in 2026 and 2027. "We believe the improvement is sustainable. Service and payor mix improved, aided by ongoing investments in services such as cardiac care. Despite flat year-over-year same-facility-adjusted admissions, same-store revenues increased 2.1%, with net revenue per adjusted admission up 2.4% in the fourth quarter." Progress in controlling its labor costs, including flat contract labor and improving supply cost management contribute to margin upside. Community Health Systems Inc.'s operating performance has modestly improved on steady patient volumes, improved service and payor mix, better utilization of labor, and realization of cost saving measures, leading to increased S&P Global Ratings-adjusted EBITDA margins and cash flow generation. Its S&P Global Ratings-adjusted leverage, while still high, declined to 7.1x in 2025 from over 8.0x, aided by debt repayment from divestiture proceeds. Medical specialist fees were up 4.6% but remained steady at 5.4% of net revenue. Recent hospital divestitures will likely benefit its margin and cash flow. Current uncertainties with tariffs on medical supplies is a potential headwind, but the company noted that 70% of its supplies are purchased through group purchasing organizations (GPOs) under three-year purchasing contracts, and half of its GPO purchases are through domestic sources not subject to tariffs. Still, Community Health's margins will likely remain below rated peers such as Lifepoint (13%) and Tenet (17.9%). Community Health's pace of divestitures should slow in 2026. Community Health continues to divest select operations--it recently announced the divestiture of four hospitals in Arkansas. The company indicated divestiture activity should slow in 2026 as it seeks to further invest in its remaining markets, though it will remain opportunistic. In the meantime, Community Health continues to maintain significant size and scale and diversity, with nearly $12 billion in projected revenues in 2026 with 64 hospitals across 13 states. It recently completed its divestiture of its 180-bed Crestwood Medical Center in Alabama, to Huntsville Hospital Health System for $459 million. Earlier it had closed on its 80% ownership of Tennova Healthcare in Tennessee for $623 million and its Pennsylvania operations for $33 million cash plus a $15 million promissory note. The company also completed several significant divestitures in 2025, including the sale of its 80% interest in Cedar Park Regional Medical Center to Ascension Health for $436 million and its Lake Norman Regional Medical Center in North Carolina to Duke University Health System Inc. for $284 million. Collectively, Community Health raised nearly $1.1 billion from divestitures in 2025. S&P said, "We expect margins to further improve on lowered S&P Global Ratings-adjusted leverage and increased flexibility to invest in operations. Management used most of its divestiture proceeds to repay debt, and the company's S&P Global Ratings-adjusted debt leverage declined to 7.1x in 2025, already lower than over 8x in 2022-2204. "We project further deleveraging in 2026, given recent announced divestitures and expected EBITDA improvement. The divestitures contribute to both deleveraging and better operating performance because some of the divested hospitals are operationally weak. Without these hospitals, management can focus on remaining operations, including more beneficial capital allocation. "The potential for further distressed exchanges still limits the ratings upgrade. While lessened, we believe there remains a heightened risk that Community Health may complete more below-par debt repurchases over the next 12 months that we deem distressed. The company has conducted numerous discounted debt repurchases annually since 2023. Community Health remains highly leveraged, and management may continue to use cash flows and proceeds from planned divestitures to opportunistically repurchase debt at a discount. "The positive outlook reflects the company's improved operating performance and decreased leverage, aided by the divestiture of lower performing health systems, leading us to believe its capital structure is sustainable long term. "We could take a negative rating action if Community Health cannot generate sustained positive discretionary free cash flow or the potential for further distressed exchange transactions increases. "We could take a positive rating action if Community Health demonstrates continued operating improvement, leading to more consistent and sustainable positive cash flow generation, and further deleveraging to under 6.5x on a sustained basis, along with a decreased likelihood of distressed debt exchanges." COPPERLEAF SERVICES: Hires Ford & Semach as Legal Counsel --------------------------------------------------------- Copperleaf Services, Inc. d/b/a Copperleaf Cabinets seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Ford & Semach, P.A. to serve as legal counsel. The firm will provide these services: (a) analysis of the financial situation, and rendering advice and assistance to the Debtor in determining whether to file a petition under Title 11, United States Code; (b) advising the Debtor with regard to the powers and duties of the Debtor and as Debtor-in-Possession in the continued operation of the business and management of the property of the estate; (c) preparing and filing of the petition, schedules of assets and liabilities, statement of affairs, and other documents required by the Court; (d) representing the Debtor at the Section 341 Creditors' meeting; (e) providing legal advice to the Debtor with respect to powers and duties as Debtor and Debtor-in-Possession in the continued operation of the business and management of the property; (f) advising the Debtor with respect to responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (g) preparing necessary motions, pleadings, applications, answers, orders, complaints, and other legal papers and appearing at hearings thereon; (h) protecting the interests of the Debtor in all matters pending before the court; (i) representing the Debtor in negotiation with creditors in the preparation of the Chapter 11 Plan; and (j) performing all other legal services for the Debtor as Debtor-in-Possession which may be necessary herein. The firm will receive hourly rates of $550 for Buddy D. Ford, $500 for Jonathan A. Semach, $450 for Heather M. Reel, and $150 for paralegals. The firm 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: Buddy D. Ford, Esq. Jonathan A. Semach, Esq. Heather M. Reel, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Telephone: (813) 877-4669 Email: All@tampaesq.com About Copperleaf Services, Inc. Copperleaf Services, Inc., doing business as Copperleaf Cabinets, a family-owned company based in Sarasota, Florida, provides custom kitchen cabinetry and remodeling services, including Amish-crafted solid-wood cabinets, cabinet refacing, and countertop replacement, to homeowners in Sun City Center, Lakewood Ranch, Tampa, Bradenton, Largo, Clearwater, Riverview, and St. Petersburg. Founded on a focus on personalized service and craftsmanship, the company provides design consultations, materials, and installation services for kitchens that balance functionality and design. Copperleaf Services, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Fla. Case No. 8:26-bk-02723-LER) on April 2, 2026. At the time of the filing, Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Judge Luis Ernesto Rivera II oversees the case. FORD & SEMACH, P.A. is Debtor's legal counsel. CORNERSTONE BUILDING: S&P Downgrades ICR to 'CCC+', Outlook Neg. ---------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on North Carolina-based external building products manufacturer Cornerstone Building Brands Inc. to 'CCC+' from 'B-'. At the same time, S&P lowered its ratings on the company's senior secured facilities to 'CCC+' from 'B-' and senior unsecured notes to 'CCC-' from 'CCC'. S&P's respective '3' and '6' recovery ratings are unchanged. The negative outlook reflects the possibility that S&P could lower its rating on Cornerstone if it envisions a specific default scenario over the next 12 months. Cornerstone Building Brands Inc.'s credit metrics have weakened due to continued softness in end-market demand, which is pressuring volumes and EBITDA. S&P said, "We believe Cornerstone depends on favorable business and economic conditions. As of Dec. 31, 2025, the company's S&P Global Ratings-adjusted leverage was 10.4x on a rolling-12-months basis with EBITDA interest coverage of 1x, compared with 8.8x adjusted leverage and 1.3x EBITDA interest coverage during the same period the previous year. This stems from lower market demand, which contributed to weaker than expected operating performance, particularly in the fourth quarter. We expect lower demand, cost inflation, and high interest expense to further pressure credit metrics in the next 12 months. "We expect EBITDA margins to remain pressured in 2026. Cornerstone's EBITDA margins have been constrained by elevated material input costs, specifically steel and aluminum, because of tariffs. Higher input costs coupled with lower volumes have created challenges to sustain profitability during a persistently lower demand cycle. We expect overall demand in the company's residential and commercial end markets will remain soft through the first half of 2026, with limited potential for improvement toward the end of the fiscal year. While we expect Cornerstone to identify and execute cost-saving initiatives and to take out controllable costs, we believe it will be challenged in 2026 to reach the EBITDA of previous years. "We view Cornerstone's liquidity position as less than adequate. While we expect free operating cash flow (FOCF) deficits over the next few quarters, it doesn't face near-term debt maturities, and its liquidity sources will be more than 1.6x its uses over the next 12 months. As of Dec. 31, Cornerstone had $135.4 million cash on hand and $465.9 million available under its revolving credit facilities. Nonetheless, if revenue and EBITDA decline more than we anticipate over the next few quarters, this could further expand FOCF deficits and increase Cornerstone's dependence on its revolving credit facilities, which could impair its liquidity position. Further EBITDA declines could also lead to significant covenant pressure, leaving Cornerstone to rely primarily on its cash balance to service debt. "The negative outlook on Cornerstone reflects the possibility that we will lower our rating and our expectation that operating performance will remain pressured amid challenging operating conditions, leading to weak credit metrics and negative FOCF. In our view, Cornerstone depends on favorable business and economic conditions to sustain its capital structure long term." S&P could lower the rating on Cornerstone over the next 12 months if: -- S&P envisions a default or distressed exchange in the next 12 months; -- The company breaches any of its financial covenants; or -- Liquidity weakens, driven by FOCF deficits or reduced access to its revolving credit facilities. S&P could revise its outlook to stable over the next 12 months if Cornerstone: -- Materially improves operating performance so that EBITDA and earnings improve, sustains leverage below 10x, and maintains EBITDA interest coverage of more than 1x; and -- Maintains adequate liquidity and sufficient cushion relative to its financial covenants. CRUX SOLUTIONS: Taps Law Office of Elias M. Yazbeck as Counsel -------------------------------------------------------------- Crux Solutions LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ The Law Office of Elias M. Yazbeck, PLLC as its general bankruptcy counsel. The firm will provide these services: (a) advising and representing the Debtor during the bankruptcy process. (b) representing the Debtor in any negotiations and discussion with third parties. (c) representing the Debtor in any meetings, hearings, and conferences including the 341 meeting of creditors. (d) preparing pleadings, including any motions and applications necessary to facilitate the administration of this case. (e) taking all actions needed to preserve the value of Debtor and its assets as a going concern for the benefit of creditors. (f) facilitating the plan confirmation process; and (g) performing all other acts and services necessary to assist the Debtor during its Chapter 11 reorganization. Yazbeck PLLC has agreed to represent the Debtor as part of this engagement on this hourly fee basis at the rates it customarily charges to other clients both in and out of bankruptcy: Elias M. Yazbeck (Lead) $350 Mei Young, Managing Member $350 Associate Jackie Chiba $350 Yazbeck PLLC is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code and holds no interest adverse to the estate. The firm can be reached at: Elias M. Yazbeck THE LAW OFFICE OF ELIAS M. YAZBECK, PLLC 4119 Montrose Blvd., Suite 470 Houston, TX 77006 Phone: (281) 755-7320 E-mail: elias@yazbecklaw.com About Crux Solutions LLC Crux Solutions, LLC, doing business as Waddell's Riverside Funeral Directors, is a locally owned funeral home based in Houston, Texas, providing funeral, memorial, and celebration of life services, as well as cremation and pre planning options. The company offers professional support to families throughout the planning process and maintains online obituaries to serve the community. Crux Solutions sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-31623) on March 11, 2026, with $804,432 in assets and $1,650,303 in liabilities. Latonya Alexander, manager, signed the petition. Judge Jeffrey P. Norman presides over the case. Elias Yazbeck, Esq., at The Law Office of Elias M. Yazbeck, PLLC represents the Debtor as legal counsel. DARLING INGREDIENTS: Fitch Affirms BB+ LongTerm IDR, Outlook Stable ------------------------------------------------------------------- Fitch Ratings has affirmed the ratings for Darling Ingredients, Inc. (Darling) and its subsidiaries, including its Long-Term Issuer Default Rating (IDR), at 'BB+'. The Rating Outlook is Stable. Darling's 'BB+' rating reflects the company's leading market position as a globally diversified ingredient processor in the animal feed and food segments that has benefited from increasing demand for low-carbon fuels, which supports profitability and cash flow. Darling's IDR is tempered by commodity volatility, regulatory changes, and FX risks. Fitch's forecast assumes that solid demand for renewable diesel, along with favorable long-term biofuel policies, will support structurally higher margins. Darling has significant exposure to renewable diesel through its 50% joint venture (JV) interest in DGD, North America's largest producer. Fitch projects Darling's EBITDA medium-term leverage could trend to around 3x with strong FCF generation that provides flexibility for its capital allocation framework around growth investments, debt reduction, shareholder returns and bolt-on M&A. Fitch has withdrawn the IDRs of Darling International Canada Inc., Darling Ingredients International Holding BV, Darling International NL Holdings B.V., Darling Ingredients Germany Holding GmbH and Darling Ingredients Belgium Holding BV because these entities no longer have any Fitch-rated debt. Key Rating Drivers Sustainable EBITDA Above USD800 Million: Fitch believes rising demand for low-carbon fuels underpins structurally higher fat prices over the cycle. The increased mix of higher-margin specialty collagen and more than $3 billion in past acquisitions that has increased run-rate EBITDA supports Fitch's view that Darling's sustainable EBITDA is at least USD800 million. Fitch-adjusted EBITDA recovered to USD944 million in 2025 from USD807 million in 2024 as earnings in the food and feed segment improved. EBITDA of USD1.1 billion in 2023 was at the high end of the cycle. Fitch expects Darling's 2026 core EBITDA to be in the upper USD900 million range, supported by strong domestic fat demand, increasingly favorable U.S. and North American policy, solid global feed volumes, and continued recovery in collagen and gelatin demand. The complementary nature of Darling's core business and DGD's JV operations position the company well to navigate ongoing geopolitical risks. Darling's formula-based animal feed contracts transfer significant commodity risk to suppliers, although the company retains some exposure. This leads to muted earnings when commodity prices, such as soy oil and soy meal, are low but provides material upside when prices rise. Meaningful DGD Contributions: DGD's margins should improve in 2026 after a weak 2025, when delayed policy support, weak industry discipline and company-specific cost pressures limited EBITDA to $0.21 per gallon for the full year. DGD's 1Q26 margins should improve, driven by the 4Q25 step-up, and could improve further for the rest of 2026 because of greater policy clarity following the recent EPA announcement. Production tax credit monetization in 2026 should remain in line with 2025 sales of $285 million with a more matured market, of which about $255 million in cash proceeds were received in 2025. Fitch believes DGD has a low-cost position due to feedstock integration, scale, and location. DGD also benefits from superior logistics, significantly greater operating experience, and better access to lower-carbon intensity feedstocks than its peers. Improved Biofuel Clarity: In March, the EPA finalized the 2026-2027 Renewable Fuel Standard, which raised renewable fuel blending requirements and improved policy visibility for biofuels. These requirements imply biodiesel and renewable diesel production and use of about 60% above 2025 volumes based on EPA estimates. For Darling, this supports medium-term demand visibility for domestic low-carbon feedstocks, including animal fats and used cooking oil, which could increase Darling's core EBITDA from its feed segment. The lack of firm EPA policy targets beyond 2027 may limit near-term industry capacity additions. Capital Allocation Focus: Darling has shifted its capital allocation policy after completing more than USD3.0 billion of acquisitions since 2022 to strengthen and diversify its global supply chain and improve access to low-carbon-intensity feedstocks. Fitch expects Darling to prioritize capital spending for its core business, debt repayment, modest bolt-on acquisitions and share repurchases to offset dilution from stock-based compensation. Fitch forecasts capital spending in the mid- to high USD400 million range in 2026, with moderate spending on growth initiatives. Darling repurchased USD35 million of shares in 2025. Leverage Around 3x: Fitch forecasts medium-term leverage will trend to around 3x with FCF near USD400 million, supporting debt reduction in 2026. Leverage could fall below 3x if operating performance exceeds Fitch's EBITDA forecast and/or debt reduction is greater than expected. Darling has also prioritized debt reduction after past acquisitions, including USD350 million of debt repayment in 2024. Acquisitive Strategy, Collagen JV: Fitch views Darling's recent acquisitions as strategic, as they have strengthened its business profile by boosting feedstock capacity in the U.S with Valley Protein, establishing a foothold in Brazil with FASA, and expanding its collagen business with Gelnex, a global collagen producer. Darling has signed a definitive agreement with Tessenderlo Group NV to combine their collagen and gelatin operations in a new JV. The company also plans a small bolt-on acquisition of rendering assets in Brazil in 1H26 through a bankruptcy process. Darling may look to divest lower margin, non-core operating assets. Peer Analysis Darling maintains higher profitability compared with similar peers in Fitch's agribusiness coverage, except for Ingredion Incorporated (BBB/Stable). Darling's capital intensity is higher than its agribusiness peers due to the corrosive nature of animal byproduct processing. Darling has much larger scale and diversification than Primary Products Investments LLC (BB/Negative). Ingredion's 'BBB' rating benefits from its global product portfolio and stable underlying business model focused on starches and sweeteners, with increasing exposure to higher-value, higher-margin, on-trend specialty ingredients. Fitch expects Ingredion to maintain good financial discipline, including consistent capital allocation policies that support leverage below 2x over the forecast period. Primary Products' rating reflects the company's strong market position in the mature corn-derived products, offset by narrow product diversification and limited scale. The Negative Outlook reflects the company's elevated Fitch-adjusted EBITDA leverage in the mid-4x range driven by higher debt levels. Pilgrim's Pride Corporation's (PPC; BBB-/Stable) rating reflects its resilient operating performance, low net leverage, and strong liquidity position. PPC's rating is supported by its resilient business profile as one of the world's largest chicken processors with operations in the U.S., Europe and Mexico, along with a diversified product portfolio. Fitch’s Key Rating-Case Assumptions - Darling's core EBITDA in the upper USD900 million range in 2026 and trending toward USD1 billion on solid demand for renewable diesel, along with favorable biofuel policy that supports structurally higher margins. There could be upside to Fitch's EBITDA forecast given the recent EPA announcement regarding increases in renewable volume obligations for 2026 and 2027; - Capital spending remains around USD475 million in 2026, rising to around USD500 million over the medium term; - The forecast assumes increasing dividend distributions from DGD in the upper USD200 million in 2026, which includes the monetization of 45Z tax credits earned by DGD; - FCF averaging USD400 million annually in 2026 and 2027; - EBITDA leverage could trend to around 3x over the medium term. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb+, Higher), Market and Competitive Positioning (bbb-, Moderate), Diversification and Asset Quality (bbb, Moderate), Company Operational Characteristics (bb+, Moderate), Profitability (bb+, Moderate), Financial Structure (bb+, Higher), and Financial Flexibility (bbb, Lower). - The quantitative financial subfactors are based on custom CRT financial period parameters: 25% weight for the historical year 2025, 25% for the forecast year 2026, 25% for the forecast year 2027 and 25% for the forecast year 2028. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'a' results in no adjustment. - The SCP is 'bb+'. To derive the IDR: - No adjustments were made to the SCP, resulting in an IDR of 'BB+'. Recovery Analysis Fitch has assigned Recovery Ratings (RRs) to the various debt tranches in accordance with Fitch criteria, which allows for the assignment of RRs for issuers with IDRs in the 'BB' category. Given the distance to default, RRs in the 'BB' category are not computed by bespoke analysis. Instead, they serve as a label to reflect an estimate of the risk of these instruments relative to other instruments in the entity's capital structure. Fitch has assigned the senior notes a 'BB+'/'RR4' rating, indicating average recovery prospects post-default. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage sustained above 3.5x as a result of weaker-than expected core EBITDA or lack of a material dividend distribution from DGD and/or capital allocation policies outside of Fitch's expectations, such as large debt-funded M&A and increased shareholder returns. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Publicly articulated financial framework or a demonstrated record of maintaining a consistent credit profile, yielding increased confidence in EBITDA leverage sustaining under 3x combined with operating performance that is in line with Fitch's expectations for sustained core EBITDA of $800 million and EBITDA after affiliates dividends (dividend distribution from DGD JV above $1.0 billion). Liquidity and Debt Structure As of Jan. 3, 2026, Darling had ample liquidity, consisting of USD89 million in cash and availability of about USD1.3 billion under the USD2 billion secured RCF, which had USD601.5 million in outstanding borrowings, USD73.6 million in ancillary facilities and USD0.7 million of issued letters. During 2025, Darling refinancing its credit agreement with a new USD2 billion revolving facility due 2030, USD900 million term loan A facility due 2031, and EUR750 million due 2032 in a leverage neutral transaction that extends maturities. The remainder of Darling's debt structure includes USD500 million senior notes due 2027 and USD1 billion senior notes due 2030. Covenants on the revolving facility require total leverage to not exceed 5.5x and interest coverage of 3.0x or greater, for which Darling has significant cushion. Terms for the revolving facility include a collateral-release mechanism upon Darling achieving an investment-grade credit rating. Issuer Profile Darling is a leading global collector and processor of food waste streams, which it converts into sustainable ingredients for the food, feed and fuel sectors. It also owns 50% of DGD, the largest renewable diesel producer in North America. Summary of Financial Adjustments Adjustments include the fair value of debt to reflect the amount payable at maturity, off-balance-sheet receivables factoring, stock-based compensation and adjustments for associate dividends. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for Darling. ESG Considerations Darling has an ESG Relevance Score of '4'[+] for Exposure to Social Impacts. Darling's base business focuses on the collection of animal byproducts and repurposing them into sustainable ingredients. Fitch expects the company to benefit from market preferences and healthy lifestyle trends toward collagen products. The company's biomass-based diesel JV also benefits from social and regulatory changes that create higher demand for renewable products and consequently increase renewable fuel mandates for the JV. This has a positive impact on the credit profile and is relevant to the rating in conjunction with other factors. Darling has an ESG Relevance Score of '4'[+] for Energy Management, as the company benefits from its strategic decision to invest in the biomass-based diesel industry which is expected to lead to higher stability and visibility of cash flow as a result of legislative mandates and consumer and corporate preference for the consumption of renewable products that improve air quality. This has a positive impact on the credit profile and is relevant to the rating in conjunction with other factors. The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Darling Ingredients International Holding BV LT IDR WD Withdrawn BB+ Darling International NL Holdings B.V. LT IDR WD Withdrawn BB+ Darling International Canada Inc. LT IDR WD Withdrawn BB+ Darling Ingredients, Inc. LT IDR BB+ Affirmed BB+ senior unsecured LT BB+ Affirmed RR4 BB+ Darling Ingredients Belgium Holding BV LT IDR WD Withdrawn BB+ Darling Ingredients Germany Holding GmbH LT IDR WD Withdrawn BB+ Darling Global Finance B.V. senior unsecured LT BB+ Affirmed BB+ DICK'S AUTOMOTIVE: Unsecured Creditors to Split $229K in Plan ------------------------------------------------------------- Dick's Automotive Transport, Inc. filed with the U.S. Bankruptcy Court for the Northern District of California a Combined Plan of Reorganization and Disclosure Statement dated March 27, 2026. The Debtor did business as Dick's Community Towing, which was founded by Richard "Dick" Sgarlato in 1957. The business was incorporated in 2011. The Debtor provided flatbed towing, long distance towing, exotic car towing, contract work, and mobile battery installation, among other services. Clients included Allstate, Carvana, National, and Tesla, in addition to police agencies and significant retail sales. In 2021, AAA terminated its contract with the Debtor after 23 years of service. AAA decided to provide service to their members using their own fleet. This represented a loss of 60% of the Debtor's annual revenue. Since that time, the company has worked to increase their sales and has scaled back in equipment and employees. The Debtor ceased active towing operations as soon as its coverage expired on May 12, 2025, and laid off most of its staff. The Debtor promptly obtained insurance coverage to allow it to fulfill its statutory duties to maintain impounded vehicles and liquidate unclaimed vehicles. Thereafter, the Debtor has been operating in a limited capacity to prepare for and facilitate liquidation. The Debtor has nearly completed an orderly liquidation. In particular, the Debtor moved for authority to sell four trucks formerly used in its operations on July 9, 2025. The sales, for a total of $390,000, were approved by order entered on September 11, 2025. The approved sale agreement included a financing contingency for some of the trucks. All four sales have now closed. Class 2 consists of General Unsecured Claims. On the Effective Date, general unsecured creditors will receive a pro-rata share of a fund totaling approximately $210,665.94, which consists of the actual proceeds of recoveries from the sale of unencumbered assets less estimated allowed administrative claims and priority claims. Additional recoveries after the Effective Date, estimated to be $18,000 (for an estimated total distribution of $228,665.94), will be distributed to general unsecured creditors pro-rata within thirty calendar days after receipt of such recoveries. Pro-rata means the entire amount of the fund divided by the entire amount owed to creditors with allowed claims in this class. The allowed unsecured claims total $3,900,857.03. Upon confirmation of this Plan: (a) claims listed in the table above shall be allowed as general unsecured claims in the amount shown thereon, except for claims marked as disputed; and (b) general unsecured claims scheduled as disputed, unliquidated, contingent, or in an unknown amount for which no proof of claim has been filed shall be disallowed in their entirety without further order of the Court. Distributions under this Plan will be funded by: (a) the proceeds of liquidation of assets conducted during the administration of this case; and (b) the proceeds of any recoveries on account of post-confirmation litigation. The Debtor will not continue to operate post-confirmation except to the limited extent necessary to perform the terms of this Plan and to wind up the Debtor's affairs. A full-text copy of the Combined Plan and Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=aUwuGA from PacerMonitor.com at no charge. Dick's Automotive Transport, Inc. is represented by: Robert G. Harris, Esq. Binder Malter Harris & Rome-Banks LLP 2775 Park Avenue Santa Clara, CA 95050 Telephone: (408) 295-1700 Email: rob@bindermalter.com About Dick's Automotive Transport Dick's Automotive Transport, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 24-51752) on Nov. 18, 2024, with $1 million to $10 million in both assets and liabilities. Judge M. Elaine Hammond oversees the case. The Debtor tapped Robert G. Harris, Esq., at the Law Offices of Binder and Malter as counsel and Barry Drake at Drake Business Services Inc. as accountant. DISTINCTIVELY OUTDOORS: Hires Webber McGill as Legal Counsel ------------------------------------------------------------ Distinctively Outdoors, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Webber McGill LLC to serve as its legal counsel. The firm will provide these services: (a) advise the Debtor with respect to all matters in this case; (b) assist and advise the Debtor with respect to proposing and confirming a chapter 11 plan of reorganization; and (c) perform all other necessary legal services in this case as may be requested by the Debtor or otherwise required in this chapter 11 proceeding. Webber McGill LLC's proposed hourly compensation rates range from $450 to $625 for attorney time, and $150 for paralegal time. According to the filings, Webber McGill states it does not hold an adverse interest to the estate, does not represent an adverse interest to the estate, and is disinterested under 11 U.S.C. Sec. 101(14). The firm can be reached at: WEBBER MCGILL LLC Douglas J. McGill, Esq. 100 E. Hanover Avenue, Suite 401 Cedar Knolls, NJ 07927 Telephone: (973) 739-9559 E-mail: dmcgill@webbermcgill.com About Distinctively Outdoors Inc. Distinctively Outdoors is an outdoor living design and retail showroom based in Parsippany, New Jersey. The company offers products and solutions for residential outdoor spaces, including hot tubs, pergolas, outdoor kitchens, grills and appliances, fire features, patio furniture, and decking materials. It operates a showroom where customers can view and select outdoor living products and works with homeowners on the planning and design of customized backyard environments. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12693) on March 11, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. John Belzel, sole shareholder, signed the petition. Douglas J. McGill, Esq., at Webber McGill, LLC represents the Debtor as legal counsel. DON ENTERPRISES: Seeks to Hire KW Steel as Real Estate Broker ------------------------------------------------------------- DON Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire KW Steel City as a real estate broker. The firm will provide these services: (a) engage as broker for the sale of three parcels of commercial real property; (b) procure buyers and/or tenants for the Properties using reasonable diligence and care; (c) market the properties, including signage and digital/mail marketing nationally on multiple platforms; (d) represent the Owner as sole Owner Agent to negotiate sales or leases; and (e) offer cooperating compensation to other brokers working with buyers or tenants, if applicable. KW Steel City will receive 6% commission upon sale of a Property, with a flat fee of $500 per transaction, except that no commission shall be due if the properties are sold through an auction process. KW Steel City, Philip LaMay, and Andrew Gismondi are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Philip LaMay KW STEEL CITY 1001 Village Rune Road, Suite 200 Wexford, PA 15090 Telephone: (724) 933-8500 E-mail: philiplamay@kw.com About Don Enterprises Inc. DON Enterprises Inc. is a nonprofit organization focusing on community revitalization, housing, and employment opportunities for people with disabilities. Through its range of programs and services, DON Enterprises strives to foster a more inclusive community while promoting independence and integration into society. DON Enterprises Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-20379) on February 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge John C Melaragno oversees the case. The Debtor is represented by Kathryn L. Harrison, Esq. at Campbell & Levine, LLC. Wesbanco Bank, as lender, is represented by Jeffrey R. Lalama, Esq. at Meyer Unkovic & Scott LLP. DON ENTERPRISES: Seeks to Tap Remax Infinity as Real Estate Broker ------------------------------------------------------------------ DON Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire Remax Infinity to serve as real estate broker. The firm will provide these services: (a) market the Property located at 602 Court Street, at the intersection of Mulberry Street, New Castle, PA 16101; (b) negotiate with potential buyers on behalf of the Debtor; (c) assist the Debtor in all matters relating to the sale of the Property, including communicating all inquiries received regarding the Property to the Debtor; and (d) provide services to buyers, including but not limited to document preparation, ordering certifications required for closing, financial services, title transfer and preparation services, ordering insurance, and construction, repair, or inspection services. Remax Infinity shall receive a 6% commission upon sale of a Property, pursuant to the Listing Agreement, with a flat fee of $600 earned upon approval of this Application. Remax Infinity 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: Remax Infinity 1617 N Main Street, Ext Suite C Butler, PA 16001 Telephone: (724) 841-0088 E-mail: ryanstoner@remax.net About Don Enterprises Inc. DON Enterprises Inc. is a nonprofit organization focusing on community revitalization, housing, and employment opportunities for people with disabilities. Through its range of programs and services, DON Enterprises strives to foster a more inclusive community while promoting independence and integration into society. DON Enterprises Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-20379) on February 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge John C Melaragno oversees the case. The Debtor is represented by Kathryn L. Harrison, Esq. at Campbell & Levine, LLC. Wesbanco Bank, as lender, is represented by Jeffrey R. Lalama, Esq. at Meyer Unkovic & Scott LLP. EDGE DOCUMENT: Douglas Adelsperger Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for EDGE Document Solutions, LLC. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger 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 R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About EDGE Document Solutions EDGE Document Solutions, LLC provides print and digital document management solutions for clients in education, municipal, and commercial sectors. It develops and integrates software systems for eDocuments and electronic content management while continuing to support traditional print and mailing needs such as checks and forms. EDGE Document Solutions filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06350) on Oct. 17, 2025, listing total assets of $112,146 and total liabilities of $1,198,635. Judy Wolf Weiker of Manewitz Weiker Associates, LLC is the Subchapter V trustee. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by John Allman, Esq., at Hester Baker Krebs, LLC. ELEMENT SOLUTIONS: S&P Upgrades ICR to 'BB+', Outlook Stable ------------------------------------------------------------ S&P Global Ratings raised its issuer credit rating on Element Solutions Inc. (ESI) to 'BB+' from 'BB'. The outlook remains stable, reflecting S&P's expectation for strong organic growth in the company's electronics business led by demand for data center and high-performance compute applications, partially offset by $450 million of incremental debt used to fund bolt-on acquisitions. ESI's low capital intensity, flexible cost structure, and the highly specialized nature of its products have resulted in stable profitability and predictable free cash flow throughout the economic cycle. Additionally, management's financial policies have been consistent and predictable, giving us confidence that weighted-average funds from operations (FFO) will remain between 20% and 30%. S&P said, "In the event of future debt-funded acquisitions, which we believe are likely, we expect management will maintain their 3.5x leverage ceiling and use the company's considerable cash flow generation to quickly reduce leverage, as they have done in the past." Management's financial policies and ESI's strong liquidity position support the higher rating. The upgrade to 'BB+' was an outcome of consistent and predictable financial policy implementation over time and our incrementally positive view of the company's business. Over the past five years, ESI has made multiple (partially) debt-funded acquisitions: Coventya in 2021, the purchase of Viaform distribution rights in 2023, and recently Micromax and EFC Gases & Advanced Materials. Pro-forma leverage initially deteriorated to the lower end of S&P's expected range (FFO to debt at or below 20%) after the first two transactions, but the company financed them as to not break their 3.5x debt to EBITDA ceiling and reduced leverage within quarters back to below 3x. For Micromax and EFC, the company used proceeds from its graphics business sale to repay debt prior to the acquisition, while in the others, leverage reduction was a result of earnings growth and disciplined capital allocation. This included a pause in share repurchases post-acquisition, and debt repayment using free cash flow generation. Given the continuity of the company's management team, S&P does not expect any material changes to ESI's financial policies and expect FFO to debt to remain between 20% and 30% on a weighted average basis, including about 24% at year-end 2026. Additionally, the company has continued to retain substantial excess liquidity, with over $600 million of cash at year end 2025 (a portion of which it has since used to fund acquisitions) and an upsized $500 million revolver that is currently undrawn. The company's stable free cash flow generation and resilient profitability support the ratings. Profitability has been stable since 2020, with S&P Global Ratings-adjusted EBITDA margins between 20% and 23%. This includes volatility from portfolio changes and the pass-through of metals pricing that can distort margins (but generally not gross profitability) in the short term. Stable margins are a result of the company's low fixed cost base, management's demonstrated ability to flex SG&A to support EBITDA and cash flow generation when necessary, and the small portion of customers' overall cost represented by ESI's products. Its manufacturing facilities are also close to its customers and its specialty formulations are not easily substitutable. This proximity, coupled with the small portion of customers' costs, gives the company pricing power in the event of inflationary cost pressures. While ESI's sales require technical service and formulation expertise, they are not asset intensive (capex to sales of 2%-3%). This ensures the company can quickly adapt to meet customer needs, deal with supply chain disruptions such as tariffs, and cut variable/discretionary costs (such as incentive compensation) in a downturn to preserve margins. ESI's capital light business model also supports strong free cash flow. The company has generated at least $200 million of free operating cash flow (FOCF) in each of the past five years and generally converts about 50% of S&P Ratings-adjusted EBITDA to FOCF. S&P said, "We believe this stable profitability and strong free cash flow generation makes ESI's business relatively stronger than certain similarly rated specialty chemical peers such as Ashland Inc. and Minerals Technologies Inc. "We expect the company's electronics business will continue to benefit from structural growth opportunities, driven by strong demand for solutions serving high performance compute, AI, and data center applications. We forecast ESI's electronics portfolio will grow about 7%-10% organically in 2026, after 7% organic growth in 2024 and 10% in 2025. We assume ESI's outperforms the market by a few percentage points, as they have in past years, given their content is overrepresented in higher growth, leading edge AI and data center applications." Historically, the company's electronics segment was much more tied to the consumer electronics cycle. As recently as 2022, mobile devices composed about 30% of sales while data and telecom infrastructure accounted for just 10%. However, this has changed materially in recent years due to the pace of AI and data center investment, which has driven strong demand for the company's materials used in high-layer count circuit boards, and in advanced packaging and wafer plating. Power electronics has also performed well despite a weaker electric vehicle (EV) industry in the West due to new customer wins in Asia and Europe. Thus, while the company is still subject to the more cyclical consumer electronics cycle, it should continue to benefit from the AI and data center buildout for at least the next few years. S&P said, "The stable outlook on ESI reflects our expectation that organic growth in the company's electronics business, stable global auto production, and strong free cash flow generation will support weighted average FFO to debt between 20% and 30% in 2026. We assume ESI's S&P Global Ratings-adjusted pro forma weighted average FFO to debt will remain toward the stronger end of the 20%-30% range in 2026. We believe management will continue to pursue bolt-on acquisitions, which it could finance with incremental debt issuance, and share repurchases, while maintaining credit ratios within our expected range. "We could take a negative rating action on ESI over the next 12 months if its FFO to debt falls below 20% on a pro forma basis with no immediate prospects for improvement. This could occur if macroeconomic conditions deteriorate, leading to weaker-than-expected consumer demand for electronics and a deeper contraction in new vehicle production. "We could also lower our ratings on the company if management pursues more aggressive, leveraging financial policies. These policies could include returning balance sheet cash to its shareholders or pursuing large, debt-funded acquisitions that cause its FFO to debt to deteriorate below 20% on a pro forma basis. "While unlikely at this time, we could consider taking a positive rating action on ESI in the next year if FFO to debt exceeds 30% and we believe management is committed to maintaining leverage metrics at this level. This could occur if organic revenue grows by a mid-single-digit percent over the next few years, EBITDA margins expand about 100-200 basis points (bps), and ESI balances acquisitions and shareholder rewards with debt reduction. While this would not necessarily require the company to use balance sheet cash and excess FOCF to repay debt, it would most likely require the company to lower its 3.5x net leverage ceiling. "We could also raise our ratings on ESI if our view of its business risk improves. A higher business risk assessment could result from an incrementally more positive view of the company's long-term growth prospects, the cyclicality of its profitability, its end-market and geographic diversity, and the scale and breadth of its product offerings." EMMERICH NEWSPAPERS: Seeks to Tap Law Offices of Geno as Counsel ---------------------------------------------------------------- Emmerich Newspapers Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire the Law Offices of Geno and Steiskal PLLC to serve as legal counsel. The firm will provide these services: (a) advise and consult with the Debtor-in-Possession regarding questions arising from certain contract negotiations during the operation of the business; (b) evaluate and attack claims of creditors asserting security interests in the assets and who may seek to disturb continued business operations; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps connected with the affairs of the Debtor's estate; (d) represent the Debtor in court hearings and assist in preparing contracts, reports, accounts, petitions, applications, orders, and other documents; (e) advise and consult with the Debtor regarding any proposed reorganization plan and all matters arising from or following its acceptance, consummation, or rejection; and (f) perform other legal services on behalf of the Debtor as necessary in this proceeding. The firm will be paid at these hourly rates: $500 for Craig M. Geno, $400 for Christopher J. Steiskal Sr., and $250 for paralegals, plus expenses. The Debtor has paid the firm a $25,000 retainer, which includes the $1,738 filing fee. According to court filings, the Law Offices of Geno and Steiskal PLLC represents no interests adverse to the Debtor or its estate and is a disinterested person within the meaning of the Bankruptcy Code. The firm can be reached at: Craig M. Geno, Esq. Christopher J. Steiskal Sr., Esq. LAW OFFICES OF GENO AND STEISKAL PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com csteiskal@cmgenolaw.com About Emmerich Newspapers Inc. Emmerich Newspapers, Inc. is a newspaper publisher based in Jackson, Mississippi, that owns and operates local publications, including The Northside Sun, covering local news, features, and regional issues across the Metro Jackson area. Founded in 1967, the company distributes print editions alongside digital offerings, including e-editions, newsletters, and website content. Emmerich Newspapers Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-00793) on March 20, 2026. 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 Jamie A. Wilson oversees the case. The Law Offices of Geno and Steiskal PLLC is the Debtor's legal counsel. EMMERICH NEWSPAPERS: Taps Barrett Law, Cuneo Gilbert as Counsels ---------------------------------------------------------------- Emmerich Newspapers, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Barrett Law Group, P.A., Cuneo Gilbert & LaDuca, LLP, and Wilson Carroll, PLLC to serve as special counsels. The firms will provide these services: (a) represent the Debtor in Emmerich Newspapers, Inc. v. SmartNews, Inc., SmartNews International, Inc., Ken Suzuki and Kaisei Hamamoto, United States District Court for the Southern District of Mississippi, Civil Action No. 3:23-cv-00118-HTW-LGI; (b) represent the Debtor in Emmerich Newspapers, Inc. v. Particle Media, Inc. d/b/a NewsBreak, United States District Court for the Southern District of Mississippi, Civil Action No. 3:23-cv-00026-TSL-MTP; (c) represent the Debtor in Helena World Chronicle, LLC, Emmerich Newspapers, Inc. v. Google LLC, Alphabet Inc., United States District Court for the District of Columbia, Civil Action No. 1:23-cv-03677; and (d) perform all other legal services necessary to represent the Debtor in connection with the Litigation. The attorneys agreed to perform these services on a contingency fee basis. If the case proceeds as an individual action, Emmerich Newspapers agrees to pay Attorneys a contingency fee of 50% of whatever may be received from said claim, plus reasonable expenses and costs. Emmerich Newspapers will not be required to advance any money for attorney's fees or costs and in the absence of any award or recovery shall bear no responsibility for any attorneys' fees or costs. Barrett Law Group, P.A., Cuneo Gilbert & LaDuca, LLP, and Wilson Carroll, PLLC are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firms can be reached at: Don Barrett BARRETT LAW GROUP, P.A. 404 Court Square, P.O. Box 927 Lexington, MS 39095 Email: barbatlawgroup.com About Emmerich Newspapers, Inc. Emmerich Newspapers, Inc. is a newspaper publisher based in Jackson, Mississippi, that owns and operates local publications, including The Northside Sun, covering local news, features, and regional issues across the Metro Jackson area. Founded in 1967, the company distributes print editions alongside digital offerings, including e-editions, newsletters, and website content. Emmerich Newspapers, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-00793) on March 20, 2026. 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 Jamie A Wilson oversees the case. BARRETT LAW GROUP, P.A., CUNEO GILBERT & LaDUCA, LLP, and WILSON CARROLL, PLLC serve as Debtor's legal counsel. FABRICATION DESIGNS: Seeks $1.5MM DIP Loan from Coeur Capital ------------------------------------------------------------- Fabrication Designs, Inc asks the U.S. Bankruptcy Court for the District of Maryland, Baltimore Division, for authority to use cash collateral and obtain postpetiton financing. The bankruptcy was prompted by eviction proceedings at the Debtor's Hanover facility due to unpaid rent, as the company has been downsizing U.S. operations and transferring manufacturing to its Greek affiliate, Fabrication Designs MON IKE, to reduce costs by over $100,000 per month. Prepetition, the Debtor financed its operations through revenue-based financing with Coeur Capital, Inc., under a 2021 Financing and Security Agreement, which allowed Coeur to advance up to 85% of approved invoice amounts in exchange for a security interest in nearly all assets, including accounts receivable, equipment, inventory, and records. As of the Petition Date, the Debtor owed Coeur approximately $982,312, with total assigned invoice obligations of roughly $1.16 million. The Debtor seeks court authorization to continue using Coeur's cash collateral and obtain post-petition financing up to $1.5 million to maintain operations, pay payroll, cover administrative expenses, and preserve the value of the estate. The proposed post-petition financing largely mirrors prepetition terms, including interest at Prime plus 2% and a monthly fee of 0.9%, while allowing customers to pay Coeur directly, which deducts fees and interest before remitting net proceeds to the Debtor. The Debtor also requests that these funds receive superpriority claims and priming liens, with adequate protection provided to Coeur through replacement liens of equivalent priority on the same collateral. A carve-out of $75,000 is proposed to cover unpaid professional fees and statutory court fees. Immediate relief is requested under Bankruptcy Rule 6003 to avoid irreparable harm, with a waiver of notice and the 14-day stay under Bankruptcy Rule 6004. The motion seeks an interim order, scheduling of a final hearing, and any further relief deemed just and proper. A copy of the motion is available at https://urlcurt.com/u?l=IcyqFA from PacerMonitor.com. About Fabrication Designs, Inc. Fabrication Designs, Inc. is a Hanover, Maryland-based manufacturer specializing in forced-entry and bullet-resistant security systems. Founded in 1988, the company produces made-to-order products including doors, windows, louvers, and guard booths. It provides integrated services spanning in-house manufacturing, engineering, and installation, serving customers in the security and defense sectors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-13061) on March 23, 2026. In the petition signed by Kenneth Best, president, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Joseph Selba, Esq., at TYDINGS ROSENBERG LLP, represents the Debtor as legal counsel. FLOOF LLC: Unsecured Creditors to Split $17K over 5 Years --------------------------------------------------------- Floof, LLC filed with the U.S. Bankruptcy Court for the Middle District of Tennessee a First Amended Plan of Reorganization under Subchapter V dated March 26, 2026. The Debtor is a dog grooming business with a single location in East Nashville setup as a single member Limited Liability Corporation. Angela Wilson is the 100% owner of the Debtor and leads the business. Currently, there are 11 staff members paid either hourly or on commission depending on the position. Ms. Wilson anticipates owners draws in the amount of $6,500 per month. Due to moving spaces and incurring higher than anticipated buildout costs, the Debtor obtained MCA loans and couldn't service the debt loan. As a result, the Debtor sought relief through Chapter 11 to restructure the debts and continue as a going concern. This First Amended Plan of Reorganization under Chapter 11 of the Code proposes to pay the creditors of the Debtor from income that has been generated from the business. This Plan provides for the following classes: Administrative/Priority Claims, Secured Claims, Non-Priority Unsecured Claims, and the interest of the Debtor and/or the Equity Security Holders. For clarity and avoidance of doubt, certain creditors have asserted liens and/or asserted a security interest in the assets of the Debtor ostensibly perfected by a recorded UCC-1 Financing Statement and/or a security agreement. Except for Small Business Financial Solutions, LLC d/b/a Rapid Finance, the assets described in the recorded UCC-1 Financing Statements have no value to support the secured claims pursuant to Section 506 of the Bankruptcy Code as a result of the senior encumbrance Small Business Financial Solutions, LLC d/b/a Rapid Finance on all of the Debtor's assets. Therefore, any allowed claims of Silverline Services, Inc., Velocity Capital Group, EBF Holding, LLC, Forward Financing, CFG Merchant Solutions, LLC, Kammon, Inc., and to the extent applicable the deficiency of Small Business Financial Solutions, LLC d/b/a Rapid Finance, will be treated as a Class 9 general unsecured claim under the Plan. Class No. 9 shall consist of the allowed unsecured claims not entitled to priority and not expressly included in the definition of any other class. The Debtor shall pay allowed unsecured claims a pro-rata distribution in 5 annual payments in the amount of $600.00 per year which shall commence on the first year anniversary of the Effective Date, and be paid annually thereafter. Additionally, as set for the in the Tennessee Department of Revenue priority claim, once the Tennessee Department of Revenue has been paid in full in accordance with the Plan, the excess available money shall be paid to the general unsecured creditors in the amount of $1712.39 per month for the remaining 8 months of the term of the Plan. The allowed unsecured claims total $235,148.63. This Class will receive a distribution of $16,699.12. The Debtor will retain all ownership rights in property of the estate. The Debtor anticipates the funds to meet the plan payments shall come from income the Debtor generates from operation of the grooming business. A full-text copy of the Plan of Reorganization dated March 26, 2026 is available at https://urlcurt.com/u?l=fqnNVt from PacerMonitor.com at no charge. Counsel to the Debtor: Jay R. Lefkovitz, Esq. Lefkovitz & Lefkovitz, PLLC 908 Harpeth Valley Place Nashville, Tennessee 37221 Telephone: (615) 256-8300 Facsimile: (615) 255-4516 Email: jlefkovitz@lefkovitz.com About Floof LLC Floof, LLC, operates a pet grooming business. Floof, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-05356) on Dec. 19, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Randal S. Mashburn presides over the case. Glen Watson, at Watson Law Group, PLLC, was appointed as Subchapter V trustee. Keith L. Edmiston, at Edmiston Law Firm, PLLC, is the Debtor's bankruptcy counsel. FRIEDENBACH FAMILY: U.S. Trustee Appoints Creditors' Committee -------------------------------------------------------------- The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Chapter 11 case of Friedenbach Family Farms, LLC. The committee members are: 1. BeeHero, Inc. 2. Marv Coit, Inc. 3. Superior Ag Services, Inc. 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 Friedenbach Family Farms LLC Friedenbach Family Farms, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-10638) on Feb 17, 2026, with $10 million to $50 million in both assets and liabilities. The petition was signed by Kurt Michael Friedenbach as manager. Judge Jennifer E. Niemann oversees the case. The Debtor is represented by: Peter A. Sauer, Esq. Fear Waddell, P.C. 7650 N. Palm Avenue Suite 101 Fresno CA 93711 Tel: (559) 436-6575 Email: psauer@fearlaw.com GLOBAL HOSPITALITY: Hires Ivey McClellan Siegmund as Counsel ------------------------------------------------------------ Global Hospitality Management Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of North Carolina, Greensboro Division, to hire Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP to serve as legal counsel. The firm will provide these services: (a) representation in a Chapter 11 bankruptcy; (b) assist in investigating and examining financing statements and other related documents to determine their validity; (c) determine the rights and priorities of lienholders, if any; (d) advise in preserving the Debtor's properties and assets; and (e) generally assist the Debtor in administering the bankruptcy estate. Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP will receive customary hourly rates for attorneys and paralegals: Samantha K. Brumbaugh $475 Dirk W. Siegmund $400 Charles M. Ivey, III $500 Darren A. McDonough $475 Melissa M. Murrell $150 Tabitha D. Harper $150 Janice Childers $125 The firm 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: Dirk W. Siegmund, Esq. IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH & MCDONOUGH, LLP 305 Blandwood Ave. Greensboro, NC Telephone: (336) 274-4658 E-mail: dws@iveymcclellan.com About Global Hospitality Management Group, Inc. Global Hospitality Management Group, Inc. provides hospitality consulting and hotel management services, offering revenue optimization, sales and marketing planning, financial analysis, and operational support, while advising on hotel acquisitions, renovations, and brand selection. Its services are utilized by hotel owners, investors, lenders, and businesses seeking to improve performance or develop hospitality assets. Global Hospitality Management Group, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. N.C., Case No. 26-10255) on April 2, 2026. 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. Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP is Debtor's legal counsel. GLUTALITY GLOBAL: Gets Extension to Access Cash Collateral ---------------------------------------------------------- Glutality Global Holdings, LLC and its affiliates received fourth interim approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The court authorized the Debtors to use cash collateral through May 5 in accordance with their budget. Unless otherwise authorized by further court order or consent from their lender, the Debtors may exceed the expenditures provided for in the budget by no more than 10% per line item or 10% in total expenses. The Debtors' budget projects total operational expenses of $58,012 for April, $52,514 for May and $53,055 for June. As adequate protection, the court granted the Debtors' lenders valid, perfected post-petition liens on and security interests in the Debtors' post-petition cash receipts, maintaining the same priority as any valid pre-bankruptcy liens. The replacement liens are automatically valid and perfected without additional filings and are subordinated only to U.S. Trustee fees, court costs, and approved professional fees. The interim order is available at https://shorturl.at/LbLR5 from PacerMonitor.com. The next hearing is scheduled for May 5. In May 2023, lenders led by Advantage Capital Management, LLC extended $20 million in term loans and up to $5 million in revolving credit to the Glutality Group, taking blanket liens on the Debtors' assets and equity pledges. Global Holdings is the borrower, with the debt guaranteed by its subsidiaries, Sam Health and Welco, and its parent, Glutality Master Holdings LLC. In September 2023, Global Holdings began defaulting, and Insulin Care, as successor-in-interest, foreclosed on the senior secured debt. As of the petition date, the Debtors owed $2.02 million to Insulin Care. About Glutality Global Holdings Glutality Global Holdings, LLC and its affiliated companies operate in the healthcare technology and services sector, focusing on diabetes care and remote patient monitoring. The group integrates medical devices such as glucometers, scales, and blood pressure cuffs with its cloud-based Diabetes Management Platform to enable at-home monitoring using patient-generated health data. Headquartered in Boca Raton, Florida, the companies provide healthcare solutions across the United States through a network of affiliated provider entities. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-22984) on October 31, 2025. In the petition signed by Anu Pardeshi, chief restructuring officer, lead Debtor Glutality Global Holdings, LLC disclosed $0 in assets and $2,677,722 in liabilities. Sam Health, LLC listed $1,274,564 in assets and $3,192,539 in liabilities. Welco Track Services listed $0 in assets and $2,018,975 in liabilities. Stride Slim, LLC listed $23 in assets and $0 in liabilities. Glutality Provider Group, PA listed $1,136,839 in assets and $495,947 in liabilities. Judge Mindy A. Mora presides over the cases. Aaron A. Wernick, Esq., at Wernick Law, PLLC represents the Debtors as bankruptcy counsel. GOOD WORKS: Fine-Tunes Plan Documents ------------------------------------- Good Works Housing, LLC submitted a Third Amended Plan of Reorganization for Small Business dated March 27, 2026. The Debtor is a limited liability company, established on October 24, 2018, by registration with the Secretary of State of the Commonwealth of Pennsylvania, Entity No. 6788733. The Debtor also has a 50% membership interest in Understated LLC, a Pennsylvania limited liability company. Understated LLC recently settled a case involving ownership of a real property located at 2713 W. Glenwood Avenue, Philadelphia, PA 19121, under which Understated LLC will soon be closing on a purchase of Glenwood at a price set by the Orphans' Court. This acquisition by Understated LLC will result in the Debtor's effectively owning a 50% share of Glenwood, and its net revenue stream. The Debtor will have sufficient financial resources over the life of the Plan to make the required Plan payments, to pay administrative costs, and to operate the Debtor's business, under the terms of this Third Amended Plan of Reorganization. The Debtor will derive the funds necessary to fund the Plan as well as ongoing business operations from a combination of rental revenues and proceeds from property sales and refinancing, and/or reducing debt service thereby. The Debtor had planned to sell Salford but the prospective buyer's financing was not approved at the level expected, and therefore the Debtor has decided to retain Salford and refinance the matured loan on the property. An agreement of sale has been entered into for 1311 S. 47th, and a Stipulation has been reached with the first mortgage lender that will facilitate the sale of the property. However, closing will be scheduled within several months and will occur either by May 4, 2026, or thirty days later, due to a contingency in the tentative agreement of sale under which the Debtor must obtain zoning approval for three rental units in the 1311 S. 47th property. The Plan Proponent's financial projections show that the Debtor will have projected disposable income starting at $8,500.00 monthly, then $4,075.00 monthly after the dispositions of 1311 S. 47th and a majority interest in Dauphin (less the Debtor's share of expenses including, but not limited to post-petition mortgage payments, real estate taxes and insurance cost – 100% on Salford, 50% on Glenwood (as a member of Understated LLC), and 35% on Dauphin). Upon closing of sale on 1311 S. 47th and transfer of Dauphin, those revenues will be reduced, but likewise the Debtor's monthly debt service will also be reduced, leaving the Debtor with significantly less debt and positive cash flow. This Plan of Reorganization proposes to pay creditors of the Debtor from sale of assets, cash flow from operations, and/or future income. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at a total dollar amount of approximately $20,000.00. This Plan also provides for full payment of administrative expenses/claims and priority claims. Class 5 consists of Non-priority unsecured creditors. The Class 5 creditors will be paid pro rata from pool of funds as specified in Article 7 after full payment to Class 1 through 4 creditors, to the extent the claims of any such creditors are allowed. Class 6 consists of equity security holders of the Debtor with other claims against the Debtor. No payment to be made to Class 6 equity security holder of the Debtor under this Plan of Reorganization; such equity security holder will realize his claim through transfer of the Debtor's interest in the property located at 505 W. Dauphin Street, Philadelphia, PA 19133, to such equity security holder/creditor, or assignee, with the Debtor to retain a residual interest in accordance with the terms of a stipulation between the parties. The primary means for the Debtor to fund implementation of this Plan, including both prepetition and post-petition obligations is a combination of the rental income received from tenants of the Debtor's properties, transferring title to the properties at 505 W. Dauphin Street, Philadelphia, PA 19133, and 1311 S. 47th Street, Philadelphia, PA 19143, refinancing the property located at 1927 S. Salford Street, Philadelphia, PA 19143, and acquisition of an interest in Glenwood. The Debtor has entered into an agreement of sale for 1311 S. 47th and a stipulation with the first mortgage lender, which is under an agreement of sale for which the Debtor will be seeking Court approval promptly upon receiving approval of the zoning variance necessary for the Debtor's financing to receive final approval. The Debtor expects to close on the sale of 1311 S. 47th no later than May 4, 2026 (which may be extended no more than thirty additional days under the terms of the Stipulation between the Debtor and the first mortgage lender). The Debtor will make payments under this Third Amended Plan of Reorganization of $1,000.00 per month beginning thirty days after confirmation until 1311 S. 47th is sold, then reduce payments to $500.00 per month, to the extent of any remaining unpaid allowed claims after the sale and refinancing described herein. Such payments under the Plan will continue, primarily to fund administrative costs, for the number of months needed to cover all allowed administrative costs not paid upon confirmation from accrued funds in the Debtor in Possession account, and will be paid for a total of thirty-six months if funds are needed in addition to the proceeds from the sale and refinancing described herein to pay all secured claims either as agreed with the lienholder or as allowed by the Court, and to also fund the pool of funds in the amount of $20,000.00 for allowed claims of general unsecured (Class 5) creditors. The final Plan payment is expected to be paid as soon as six months after confirmation, but in any event, no later than on or about March 31, 2029. A full-text copy of the Third Amended Plan dated March 27, 2026 is available at https://urlcurt.com/u?l=S5bJ22 from PacerMonitor.com at no charge. Counsel to the Debtor: Roger V. Ashodian, Esq. Regional Bankruptcy Center of Southeastern PA, PC 101 West Chester Pike, Suite 1A Havertown, PA 19083 Telephone: (610) 446-6800 About Good Works Housing Good Works Housing LLC has been in the business of real estate investment, renovation, and management. The Debtor filed its voluntary Chapter 11 petition (Bankr. E.D. Pa. Case No. 25-12224) on June 2, 2025, listing up to $1 million in both assets and liabilities. Judge Derek J. Baker oversees the case. Roger V. Ashodian, Esq., at Regional Bankruptcy Center of Southeastern PA, PC, serves as the Debtor's counsel. GRANITE SENIOR: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Granite Senior Services, LLC 1262 St. Johnsbury Road Littleton, NH 03561 Business Description: Granite Senior Services, LLC, operating the Artemis Living senior living community in Littleton, New Hampshire, provides independent living, supportive care, and memory care services. Established to foster vibrant community life and overall well-being, the company offers maintenance-free residences, wellness programs, and engaging activities designed for older adults, ranging from active seniors to those requiring memory-focused or supportive care. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court District of New Hampshire Case No.: 26-10275 Debtor's Counsel: William S. Gannon, Esq. WILLIAM S. GANNON PLLC 855 Hanover Street Suite 176 Manchester, NH 03104 Tel: 603-621-0833 E-mail: bgannon@gannonlawfirm.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by George Papadimatos as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2P57TEQ/Granite_Senior_Services_LLC__nhbke-26-10275__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Active Wellness Services $6,250 P.O. Box 2358 San Francisco, CA 94126 2. Canticle Three PLLC Buildings & $421,061 dba Create 3 Archite Land 100 Grandville SW, Suite 200 Grand Rapids, MI 49503 3. Cookson Communications Branding & $8,000 722 Pine Street Design Services Manchester, NH 03104-3108 4. Daniel Hebert, Inc. Buildings & $8,551,034 12 Pleasant Street Land Colebrook, NH 03576 5. EF & Associates, LLC Senior Care $28,136 15 Richard's Road Services Plymouth, MA 02360 6. Gay West Deposit $1,000 655 Mt. Misery Road Littleton, NH 03561 7. Horizons Engineering Engineering $50,804 P.O. Box 51106 Services Newark, NJ 07101-5206 8. Joseph A. Wiggett Deposit $1,000 138 Barrett Hill Road Landaff, NH 03585 9. Maurice & Leona Stebbins Deposit $1,000 42 Church Street Bethlehem, NH 03574 10. McLane Middleton Legal Services $7,319 900 Elm Street, 10th Floor Manchester, NH 03101 11. Meadow Leasing, Inc. Leased Storage $1,300 1091 Meadow Street Littleton, NH 03561 12. Nancy J. Raskevitz Deposit $1,000 P.O. Box 154 West Danville, VT 05873 13. Roberta Amero Deposit $1,000 10804 Tarflower Dr. Unit 102 Venice, FL 34243 14. Roxie A. Severance Consulting $97,927 RS Consulting, LLC Service 544 Jefferson Road Whitefield, NH 03598 15. Ruth Webb Deposit $1,000 258 Main Street, Ste. 3 Tilton, NH 03276 16. Service Federal Buildings & $578,048 Credit Union Land Commercial Loan Servicing 2032 Lafayette Road Portsmouth, NH 03801 17. SFFC LLC Buildings & $7,325,158 George Spanos Land 26 Pollard Pines Drive Lincoln, NH 03251 18. Sullivan Creative Marketing $3,132 Services LTD Services P.O. Box 475 Bethlehem, NH 03574 19. Superior Plus Utilities $65,917 Propane a/k/a Irving Oil 240 Brushwood Road Orford, NH 03777 20. TMD Designs Design $19,387 136 Harvey Road, Services Ste. A101 Londonderry, NH 03053 GREATER SHEPHERD: Douglas Adelsperger Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for Greater Shepherd Missionary Baptist Church. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger 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 R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About Greater Shepherd Missionary Baptist Church Greater Shepherd Missionary Baptist Church, filed a Chapter 11 bankruptcy petition (Bankr. S.D. Ind. Case No. 24-02850) on May 31, 2024, disclosing under $1 million in both assets and liabilities. The Debtor is represented by HESTER BAKER KREBS LLC. GRIT PRODUCTIONS: Gets Extension to Access Cash Collateral ---------------------------------------------------------- Grit Productions, LLC and its affiliates received fourth interim approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to use cash collateral. The Debtors intend to use cash collateral strictly in accordance with their budget from March 21 through June 19, to pay expenses, preserve equipment and inventory, collect receivables, maintain vendor and customer confidence, and fund administrative costs. The Debtors must not exceed any individual budget line item or the total budget by more than 10% without written consent from PlainsCapital Bank or a further court order. To protect PlainsCapital Bank and other secured creditors, the court granted them replacement liens on post-petition accounts receivable and inventory, along with a superpriority administrative expense claim under section 507(b) of the Bankruptcy Code. The order also imposes detailed reporting obligations, requiring regular delivery of bank statements, asset information, and accounts receivable reports to the secured lender and the creditors' committee. The interim order includes a carveout ensuring payment of U.S. Trustee fees and court-approved professional fees ahead of secured lenders' replacement liens. Events of default under the interim order include budget violations and conversion of the Debtor's Chapter 11 case to one under Chapter 7 while generally allowing a seven-day cure period after notice. A final hearing is scheduled for June 18, with objections due by June 15. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Cs6i2 from PacerMonitor.com. PlainsCapital Bank, as secured lender, is represented by: Matthew T. Taplett, Esq. Pope, Hardwicke, Christie, Schell, Kelly & Taplett, L.L.P. 500 W. 7th Street, Suite 600 Fort Worth, TX 76102 Telephone: (817) 332-3245 Facsimile: (817) 877-4781 mtaplett@popehardwicke.com About Grit Productions LLC Grit Productions, LLC, Grit Expositions, LLC, Grit Transportation Services, LLC, and Grit Holding Company, LLC operate as an integrated group providing event-industry services that include general services contracting, event production, video production, content development, studio services, logistics support, and event freight transportation. The companies offer single-source solutions for live events, meetings, and expositions across their production, planning, and transportation segments. They also engage in community-focused initiatives related to industry development, sustainability, and local outreach. Grit Productions and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 25-44447) on November 13, 2025. At the time of the filing, Grit Productions listed between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Mark X. Mullin oversees the case. Bryan C. Assink, Esq., at Bonds Ellis Eppich Schafer Jones, LLP, represents the Debtors as legal counsel. HAN & JU: Gets Interim OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the District of Nevada entered an interim order granting Han & Ju, Inc. approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral from the petition date through the final hearing but only in the ordinary course of business and in accordance with an approved budget, subject to a 10% monthly variance. The order also restricts the Debtor from granting any new liens or security interests that would be equal or senior to existing pre-petition liens, thereby protecting secured creditors. As adequate protection, the Debtor must make monthly payments of $7,586 to the U.S. Small Business Administration, with the initial payment due shortly after entry of the order and subsequent payments due by the 15th of each month. In return, the SBA will be granted a superpriority administrative expense claim and replacement liens on the Debtor's assets, limited to the extent of any decline in collateral value caused by the use of cash collateral. The order preserves all parties' rights to challenge claims, liens, and related issues. The final hearing is scheduled for May 12. About Han & Ju Inc. Han & Ju, Inc. is a Nevada-based business engaged in retail and related service operations, providing goods and services to its customer base. The company operates within the broader consumer-facing commercial sector. Han & Ju sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11720) on March 19, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $1 million and $10 million. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by Matthew C. Zirzow of Larson and Zirzow, LLC. HARRY W. MURPHY: Maynard Nexsen Advises Todd Yates & Frank S. Woody ------------------------------------------------------------------- In the Chapter 11 bankruptcy case of Harry W. Murphy, Maynard Nexsen P.C. filed with the United States Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court that the law firm represents certain creditors in connection with the Debtor's bankruptcy filing: A. Todd Yates 301 Fayetteville St., Unite 2614 Raleigh, NC 27601 Mr. Yates holds an unsecured Promissory Note dated August 26, 2020, evidencing a loan to the Debtor and Anthony H. Dilweg in the original principal amount of $2,500,000. B. Frank S. Woody, II 1550 Aviation Parkway, Suite 300 Morrisville, NC 27560 Mr. Woody holds an unsecured Promissory Note dated October 26, 2018, evidencing a loan to the Debtor and Anthony H. Dilweg in the original principal amount of $250,000.00. Upon information and belief, Maynard Nexsen does not hold any claims against the Debtor. Nothing is, or should be construed as, an admission, acknowledgement, or waiver by or on behalf of any of the Creditors. Counsel for Todd Yates and Frank S. Woody, II may be reached at: Lisa P. Sumner, Esq. MAYNARD NEXSEN PC N.C. Bar No.: 22838 4141 Parklake Avenue, Suite 200 Raleigh, NC 27612 Tel: (919) 573-7423 Fax: (919) 573-7454 E-mail: LSumner@maynardnexsen.com About Harry W. Murphy Harry W. Murphy and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-bk-00837) on Feb. 25, 2026. The United States Bankruptcy Administrator for the Eastern District of North Carolina appointed Ciara L. Rogers as Subchapter V Trustee for the case. HAWTHORNE RACE: To Employ Omni Agent as Administrative Agent ------------------------------------------------------------ Hawthorne Race Course, Inc. seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to retain and employ Omni Agent Solutions, Inc. as its administrative agent. Omni will provide these services: (a) assist with, among other things, solicitation, balloting and tabulation of votes, and preparation of any related reports, as required in support of confirmation of a Chapter 11 plan, and in connection with such services, process requests for documents from parties in interest, including, if applicable, brokerage firms, bank back-offices and institutional holders; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) provide a confidential data room, if requested; (d) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (e) manage and coordinate any distributions pursuant to a Chapter 11 plan; (f) provide such other processing, solicitation, balloting, and other administrative services described in the Retention Agreement, but not included in the Section 156(c) Application, as may be requested from time to time by the Debtors, the Court or the Office of the Clerk of the Bankruptcy Court. The firm's hourly rates are: Office Services $50 - $75 Case Administration Services $80 - $275 Claims Management $80 - $275 Noticing Services $80 - $275 Schedules and SOFA Services $80 - $275 Solicitation Services $80 - $295 Disbursement/Treasury Services $150 - $295 Communications Services — Call Center $75 - $175 Quality Control/Oversight Management $150 - $275 Senior Management/Consulting Services $225 - $275 Programming and IT Customization $95 - $175 Prior to the Petition Date, the Debtors provided Omni with a retainer in the amount of $25,000. In addition, prior to the Petition Date, Omni billed $13,302.20 towards the Retainer and applied a prepetition credit of $10,000 on behalf of the Debtors. Omni is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached at: Brian K. Osborne Omni Agent Solutions, Inc. 5955 De Soto Avenue, Suite 100 Woodland Hills, CA 91367 Tel: (818) 906-8300 Email: Bosborne@omniagnt.com About Hawthorne Race Course Inc. Hawthorne Race Course Inc. operates a historic racetrack that provides Thoroughbred and Standardbred racing events along with off-track betting throughout Chicago. Hawthorne Race Course Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03505) on February 27, 2026. In its petition, the Debtor reports assets ranging from $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Barry A. Chatz, Esq. of Saul Ewing Arnstein & Lehr LLP. Getzler Henrich & Associates serves as Financial Advisor, Omni Agent Solutions as Claims Agent. HAYAT'S KITCHEN: Employs Bensamochan Law as Bankruptcy Counsel -------------------------------------------------------------- Hayat's Kitchen Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Eric Bensamochan, Esq. of The Bensamochan Law Firm Inc. as bankruptcy counsel. The firm will provide these services: (a) advising the Debtor about the requirements of the Bankruptcy Court, the Bankruptcy Code, the Bankruptcy Rules, and the Office of the United States Trustee as they pertain to the Debtor; (b) advising the Debtor about certain rights and remedies of the Debtor's bankruptcy estate and the rights, claims, and interests of the creditors; (c) representing the Debtor in any proceeding or hearing in the Bankruptcy Court involving the Debtor's estate, unless the Debtor is represented in such proceeding or hearing by other special counsel; (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 proposed counsel's expertise or staffing capabilities; (e) preparing and assisting the Debtor in the preparation of reports, applications, pleadings and orders including, but not limited to, applications to employ professionals, monthly operating reports, quarterly reports, other motions, etc.; (f) assisting the Debtor in the negotiation, formulation, preparation, and ultimate confirmation of a plan of reorganization and the preparation and approval of a disclosure statement; and (g) performing any other services which may be appropriate in Mr. Bensamochan's representation of the Debtor during the bankruptcy case. Mr. Bensamochan will bill at a rate of $525 per hour, to be billed against a retainer initially totaling $25,000, with $14,649 remaining post-petition. He may later seek additional compensation subject to court approval. According to court filings, Eric Bensamochan is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Eric Bensamochan, Esq. The Bensamochan Law Firm, Inc. 2566 Overland Ave., Suite 650 Los Angeles, CA 90064 Telephone: (818) 574-5740 Email: eric@eblawfirm.us About Hayats Kitchen, Inc. Hayats Kitchen, Inc. operates as a small-scale restaurant business in California, providing food and dining services within its local market. Hayats Kitchen, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10498) on March 11, 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 Victoria S. Kaufman handles the case. The debtor is represented by Eric Bensamochan, Esq. of The Bensamochan Law Firm, Inc. HERITAGE WVILLE: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Heritage Wville, LLC 14450 Woodinville-Redmond Rd. NE Woodinville, WA 98072 Business Description: Heritage Wville, LLC, which was established in 2018 and operates Heritage Restaurant and Bar in Woodinville, Washington, runs a full-service restaurant and bar in the Woodinville Wine Country area. Led by chef-owner Breanna Beike and her husband, Chris Brende, the company serves casual food and cocktails and expanded its operations with the opening of Tarte by Heritage, a bake shop, in 2022. Its customers include local residents, wine-country visitors and private-event clients. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Western District of Washington Case No.: 26-10977 Judge: Hon. Timothy W Dore Debtor's Counsel: James E Dickmeyer, Esq. LAW OFFICE OF JAMES E DICKMEYER PC 520 Kirkland Way Suite 400 PO Box 2623 Kirkland WA 98083-2623 Tel: (425) 889-2324 Email: jim@jdlaw.net Total Assets: $181,167 Total Liabilities: $2,285,162 The petition was signed by Breanna Beike as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YJUCBFA/Heritage_Wville_LLC__wawbke-26-10977__0001.0.pdf?mcid=tGE4TAMA HUNTLEY AVENUE: Has Deal on Cash Collateral Access -------------------------------------------------- Huntley Avenue, LLC and CLI FUND 2, LLC advise the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The Debtor owns and operates a residential rental property in Culver City, California that generates approximately $14,595 per month in rent. CLI Fund 2, LLC, the secured creditor, holds a first-priority deed of trust on the property in the amount of $1.98 million, including an assignment of rents, making the rental income cash collateral under the Bankruptcy Code. After the Debtor filed a motion seeking authority to use this cash collateral, the parties negotiated and reached this stipulation to avoid litigation. Under the agreement, the Debtor is granted limited, interim authority (April 1 through May 31, 2026) to use cash collateral strictly for essential property-related expenses—specifically insurance premiums and property taxes. Any excess rental income must be segregated and preserved in a designated debtor-in-possession account. The stipulation preserves CLI's rights in its collateral and does not alter prepetition lien priorities. As adequate protection for the creditor, CLI receives a replacement lien on postpetition assets to the extent cash collateral is used, which is deemed valid and enforceable without further action. The Debtor is also restricted from invoking certain Bankruptcy Code provisions (such as surcharge or marshalling doctrines) against CLI during this interim period. Additionally, the Debtor must provide financial documentation and amend disclosures regarding insider transactions. A hearing on the matter is set for April 14, 2026 at 10 a.m. A copy of the stipulation is available at https://urlcurt.com/u?l=3nPUEH from PacerMonitor.com. About Huntley Avenue LLC Huntley Avenue, LLC is a privately held limited liability company primarily engaged in real estate ownership or investment activities. Huntley Avenue, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21645) on Dec. 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The case is assigned to Honorable Bankruptcy Judge Barry Russell. The Debtor is represented by Matthew D. Resnik, Esq., of RHM Law LLP. CLI FUND 2, LLC, as secured creditor, is represented by Lance Jurich, Esq. and Vadim J. Rubenstein, Esq., at LOEB & LOEB LLP. HYPERMIND CORP: Seeks Approval to Hire Farsad Law Office as Counsel ------------------------------------------------------------------- Hypermind Corp. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Farsad Law Office, P.C., with principals Arasto Farsad, Esq. and Nancy Weng, Esq. to serve as legal counsel. The firm will provide these services: (a) assist the Debtor in performing duties as a Debtor-in-Possession; (b) negotiate with the Debtor's creditors; (c) prepare a Plan and Disclosure Statement and obtain confirmation of the proposed Chapter 11 Plan; (d) solicit ballots in favor of the proposed Chapter 11 Plan of Reorganization; and (e) represent the Debtor in any contested matters or adversary proceedings. Farsad Law Office, P.C. will receive an hourly rate of $400 for attorneys and $150 for paralegals. The Firm 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: Arasto Farsad, Esq. Nancy Weng, Esq. FARSAD LAW OFFICE, P.C. 1625 The Alameda, Suite 525 San Jose, CA 95126 Telephone: (408) 641-9966 Facsimile: (408) 866-7334 E-mail: af@farsadlaw.com nancy@farsadlaw.com About Hypermind Corp. Headquartered in Monterey, California, Hypermind Corp., doing business as Paris Bakery, has operated since the mid-1980s, selling breads, pastries, and cafe items through retail locations in Monterey and Seaside while supplying restaurants, hotels, and coffee houses with wholesale baked goods. Founded by Jackie Jegat, who trained in France, the bakery was sold in 2024 to new owner Hector Capelo, who continues operations offering croissants, baguettes, specialty pastries, and espresso drinks. Hypermind Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal., San Jose Division Case No. 26-50528) on April 2, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000, and liabilities of approximately $1.68 million. Chief Judge Stephen L. Johnson oversees the case. Farsad Law Office, P.C. is Debtor's legal counsel. IMAGE TECHNOLOGY: Seeks Court Approval to Tap CM Law as Counsel --------------------------------------------------------------- Image Technology Consulting II, LLC seeks approval from the U.S. Bankruptcy Court to hire CM Law, LLP as general bankruptcy counsel to the Debtors, effective as of the Petition Date. The firm will provide these services: (a) advising the Debtors with respect to their powers and duties as debtors in possession in the continued management and operation of their businesses and properties; (b) attending meetings and negotiating with representatives of creditors and other parties in interest; (c) taking all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any actions commenced against the Debtors, and representing the Debtors in any negotiations concerning litigation in which the Debtors are involved; (d) preparing, on behalf of the Debtors, all motions, applications, answers, orders, reports, and papers necessary to the administration of the Debtors' estates; (e) advising the Debtors in connection with any potential sale of assets pursuant to section 363 of the Bankruptcy Code; (f) appearing before the Court, any appellate courts, and the United States Trustee, and protecting the interests of the Debtors' estates before such courts and the United States Trustee; (g) advising the Debtors regarding tax matters, to the extent consistent with the scope of engagement; (h) assisting the Debtors in the negotiation, formulation, preparation, and confirmation of a chapter 11 plan and related disclosure statement; and (i) performing all other necessary legal services and providing all other necessary legal advice to the Debtors in connection with these chapter 11 cases. CM Law's professional fees will be billed at its customary hourly rates, including $500 per hour for Richard G. Grant, the responsible attorney. The Firm received a $132,991.66 retainer on March 26, 2026, applied $11,276.00 to prepetition invoices (including filing fees), and retained $121,715.66 as of the Petition Date. A $130,000 prefiling retainer was required, and the Firm anticipates funding the proposed CRO's $30,000 retainer. CM Law will also seek reimbursement of actual and necessary out-of-pocket expenses. CM Law is a "disinterested person" under section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the estates. The firm can be reached at: Richard G. Grant, Esq. CM Law, LLP 13101 Preston Road, Suite 110-1510 Dallas, TX 75240 Telephone: (214) 210-2929 E-mail: rgrant@cm.law About Image Technology Consulting II, LLC Image Technology Consulting II, LLC, based in DeSoto, Texas, provides parts, service, and consulting for medical imaging systems, including CT and MRI machines, with a focus on Philips and Siemens equipment. The company handles installation, de-installation, inspections, technical troubleshooting, and mobile storage, maintaining a comprehensive inventory of replacement imaging parts. It serves hospitals, diagnostic centers, and clinics in the Dallas-Fort Worth area, offering third-party support and lifecycle management outside original equipment manufacturer channels. Image Technology Consulting II, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 4:26-bk-41358) on March 29, 2026. Judge Mark X. Mullin oversees the case. CM Law PLLC is the Debtor's legal counsel. IMAGE TECHNOLOGY: Seeks to Tap Lain Faulkner & Co. as CRO --------------------------------------------------------- Image Technology Consulting II, LLC and Axiom Imaging Solutions, Inc. seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Lain, Faulkner & Co., P.C. and designate Jason Rae as Chief Restructuring Officer. Mr. Rae will provide these services: (a) oversee the activities of the Debtors in consultation with other advisors and the management team to effectuate the selected course of action; (b) identify and assess potential restructuring alternatives; (c) support negotiations with creditors and other constituents in the bankruptcy cases; (d) work with the Debtors to develop financial projections and a liquidity projection model to help assess capital needs; (e) have authority for the approval of all disbursements and any modifications to all cash flow projections; (f) supervise and/or assist with the Debtors' preparation of court-required reporting obligations, including preparation of the Bankruptcy Schedules, Statements of Financial Affairs, and monthly financial reports as required of a debtor in possession; (g) develop a plan to reorganize the Debtors; and (h) perform other financial consulting services that may be requested during the course of the chapter 11 proceedings. Mr. Rae will receive an hourly rate of $540, and Lain, Faulkner's other professionals and paraprofessionals will be compensated at hourly rates ranging from $95 to $540. Lain, Faulkner & Co., 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: Jason A. Rae, CPA Managing Director Lain, Faulkner & Co., P.C. Hartford Building, 400 North St. Paul, Suite 600 Dallas, TX 75201 Tel: (214) 720-1929 Fax: (214) 720-1450 Email: www.lainfaulkner.com About Image Technology Consulting II, LLC Image Technology Consulting II, LLC, based in DeSoto, Texas, provides parts, service, and consulting for medical imaging systems, including CT and MRI machines, with a focus on Philips and Siemens equipment. The company handles installation, de-installation, inspections, technical troubleshooting, and mobile storage, maintaining a comprehensive inventory of replacement imaging parts. It serves hospitals, diagnostic centers, and clinics in the Dallas-Fort Worth area, offering third-party support and lifecycle management outside original equipment manufacturer channels. Image Technology Consulting II, LLC and Axiom Imaging Solutions, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case Nos. 26‑41358) on March 29, 2026. Image Technology Consulting II, LLC listed estimated assets of $100,001 to $1,000,000 and liabilities of $1,000,000 to $10,000,000. Axiom Imaging Solutions, Inc. listed estimated assets of $0 to $100,000 and liabilities of $1,000,000 to $10,000,000. Judge Mark X. Mullin oversees the case. CM Law, LLP serves as the Debtors' legal counsel. JOSHUA MASSINGILL: Seeks to Tap Germer PLLC as Defense Counsel -------------------------------------------------------------- Joshua Massingill, Attorney at Law, PLLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Germer PLLC and attorney Lee H. Staley to serve as defense counsel in connection with a prepetition malpractice lawsuit that has since been removed to an adversary proceeding before the bankruptcy court. Germer PLLC and Mr. Staley will provide these services: (a) continue to act as defense counsel for the Debtor and other defendants in the malpractice action; (b) perform all legal services assigned under the Debtor's insurance policy related to the defense of the lawsuit; and (c) provide legal services pursuant to the attorney retention assignment from the Debtor's insurer as described in the Application to Employ. The Debtor states that it has no financial obligation to pay Germer PLLC or Mr. Staley because the insurance carrier is independently paying all fees and expenses associated with the defense. The Debtor asserts that Germer PLLC "has no connections with the Debtors, creditors, or any other known party in interest" and is a "disinterested person" within the meaning of 11 U.S.C. Sec. 327. Germer PLLC can be reached at: Lee H. Staley, Esq. GERMER PLLC America Tower 2929 Allen Parkway, Suite 2900 Houston, TX 77019 Telephone: (713) 650-1313 Facsimile: (713) 739-7420 About Joshua Massingill, Attorney at Law, PLLC Joshua Massingill, Attorney at Law, PLLC provides services in business, estate planning, and probate law. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-10460-smr) on March 17, 2026. In the petition signed by Joshua Massingill, managing member, the Debtor disclosed up to $100,000 in assets and up to$1 million in liabilities. Judge Shad M. Robinson oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as legal counsel. JUMP HARLINGEN: Gets Final OK to Use Cash Collateral ---------------------------------------------------- Jump Harlingen Inc. and affiliates received final approval from the U.S. Bankruptcy Court for the Southern District of Texas to use cash collateral. Under the final order, the Debtors are authorized to use the cash collateral of Cross River Bank, a secured lender, to pay the expenses set forth in their budget. Cross River Bank will receive replacement liens on all existing and after-acquired property of the Debtors, with the same priority, validity and extent as its pre-bankruptcy liens. The replacement liens do not apply to avoidance claims. In addition, the lender will receive monthly payments of $15,000 and superpriority administrative claims to protect against any decline in the value of its cash collateral. Termination events under the final order include violation of the order, failure to file a Chapter 11 plan and disclosure statement during their exclusivity period; conversion or dismissal of the Debtors' bankruptcy cases; and appointment of a Chapter 11 trustee. The order is available at https://shorturl.at/UbPf3 from PacerMonitor.com. As of the Chapter 11 filing, the Debtors estimate total cash collateral of $15,000, comprised solely of $5,000 in cash perentity and no accounts receivable. Cross River Bank, serviced by ApplePie Capital, holds three separate $2 million loan agreements -- one for each Debtor -- executed between July 2021 and July 2022. As of the petition date, outstanding balances total approximately $3.7 million. The loans are secured by broad security agreements granting Cross River Bank a lien on substantially all tangible and intangible personal property at each franchise location. The agreements also contain cross-collateralization provisions tying all loans together. The Debtors operate Urban Air Adventure Park franchises -- indoor amusement centers offering trampoline attractions, climbing walls, obstacle courses, ropes courses, birthday parties, and special events. About Jump Harlingen Inc Jump Harlingen Inc, Jump Colorado SpringsInc., and Jump Huntsville LLC are Texas-based companies operating as franchisees under separate agreements with a common franchisor, UATP Management, LLC, and managing indoor adventure and trampoline park locations. The three companies function within the leisure and recreation industry, focusing on family entertainment and indoor activity centers. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90334) on February 16, 2026. In the petition signed by Aubrey Hall, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Leonard H. Simon, Esq., at Pendergraft & Simon, LLP, represents the Debtors as general bankruptcy counsel. KCAP HOLLEMAN: Hires Condon Tobin Sladek as Legal Counsel --------------------------------------------------------- KCAP Holleman Oaks LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Condon Tobin Sladek Sparks Nerenberg, PLLC to serve as legal counsel. The firm will provide these services: (a) advise the Debtor of the rights, powers, duties, and obligations of the Debtor as debtor and debtor-in-possession in this Chapter 11 case; (b) take all necessary actions to protect and preserve the estates of the Debtor, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor are involved, and the preparation of objections with respect to claims that are filed against the estate; (c) to the extent necessary, assist the Debtor in the investigation of the acts, conduct, assets, and liabilities of the Debtor, and any other matters relevant to the case; (d) investigate and potentially prosecute preference, fraudulent transfer, and other causes of action arising under the Debtor's avoidance powers and/or which are property of the estate; (e) prepare on behalf of the Debtor, as debtor-in-possession, all necessary motions, applications, answers, orders, reports, and papers in connection with the representation of the Debtor and the administration of the estates and this Chapter 11 case; (f) negotiate, draft, and present on behalf of the Debtor a plan for the reorganization of the Debtor's financial affairs, and the related disclosure statement, and any revisions, amendments, and so forth, relating to the foregoing documents, and all related materials; and (g) perform all other necessary legal services in connection with this Chapter 11 case and any other bankruptcy-related representation that the Debtor require. Condon Tobin will receive hourly rates ranging from $500 to $800 for attorneys, $250 to $350 for paraprofessionals, and $650 for lead attorney Jeff Carruth. Condon Tobin 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: Jeff Carruth, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC 8080 Park Lane, Suite 700 Dallas, TX 75231 Telephone: (214) 265-3800 Facsimile: (214) 691-6311 E-mail: jcarruth@condontobin.com amarcotte@condontobin.com About KCAP Holleman Oaks LLC KCAP Holleman Oaks LLC operates as a single-asset real estate company that owns the Holleman Oaks Apartments, a multifamily residential property located in College Station, Texas. The company's activities consist primarily of holding and managing the apartment complex and generating rental income from residential tenants. KCAP Holleman Oaks LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40983) on March 3, 2026. At the time of the filing, Debtor had estimated assets of between $10,000,001 and $50 million and liabilities of between $10,000,001 and $50 million. Judge Mark X Mullin oversees the case. Condon Tobin Sladek Sparks Nerenberg, PLLC is Debtor's legal counsel. KENTUCKY OWL: Trustee Taps Time and Tasks LLC as Inventory Broker ----------------------------------------------------------------- Claudia Z. Springer, Chapter 11 trustee of Kentucky Owl, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Time and Tasks LLC, as its inventory broker. The Debtor's inventory consists of over 35,000 barrels and approximately 19,000 proof gallons of bourbon whiskey of varying vintages spanning production years 2013 through 2025. Time and Tasks will provide these services: a. a constant review of the current aged barrel market to find the current sale prices of the Inventory while maintaining connections with other brokers; b. advice to the Kentucky Owl Trustee and her other professionals on the overall strategy of finding buyers, negotiating deals, prioritizing high-value Inventory for immediate sale, and finding optimal storage solutions for the Inventory; c. identify potential buyers of the inventory; and d. other consulting services and support as requested by the Kentucky Owl Trustee. Time and Tasks shall not charge any fees related to its consulting services. It shall receive, in addition to the reasonable and documented out of pocket costs and expenses thereof, the following commissions: a. Direct Sales: A seven percent (7%) commission on the gross sales of every barrel sale of the Inventory made by the Kentucky Owl Trustee to buyers specifically identified or referred by the Time and Tasks to the Kentucky Owl Trustee; and b. Indirect Sales: For any sales of the Inventory consummated by the Kentucky Owl Trustee with a buyer not specifically identified or referred by Time and Tasks, the Time and Tasks shall be entitled to a three and one half percent (3.5%) commission on the gross sales of every such barrel sale of Inventory made by the Kentucky Owl Trustee to such buyers. As disclosed in the court filings, Time and Tasks is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code and does not hold or represent any interest adverse to the Debtor. The firm can be reached through: Donald Snyder Time and Tasks LLC 83 Geneva Drive 622493 Oviedo, FL 32765 Email: Donald@Timeandtasks.com About Stoli Group (USA) LLC Stoli Group (USA), LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At the time of the filing, Stoli Group (USA) reported $100 million to $500 million in assets and $10 million to $50 million in liabilities while Kentucky Owl reported $50 million to $100 million in assets and $50,000,001 to $100 million in liabilities. Judge Scott W. Everett handles the cases. Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's legal counsel. KIN DEE: Court Confirms Second Amended Plan of Reorganization ------------------------------------------------------------- Chief Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the Southern District of Texas confirmed Kin Dee, LLC's Second Amended Chapter 11 subchapter V plan of reorganization. The Second Amended Chapter 11 Plan of Reorganization filed by the Debtor on February 6, 2026, is confirmed and approved in each and every respect as a non-consensual plan pursuant to 11 U.S.C. Sec. 1191(b). Debtor must contribute 60 Months of Projected Disposable Income over the life of the Plan (the "Plan Period"). To the extent any objections to confirmation of the Plan have not been resolved or withdrawn, any such objections are overruled. The Debtor must make the payments to creditors required by the Plan under 11 U.S.C. Sec. 1194(b) ("Disbursing Agent") on or before the 1st day of each month (the "Deadline"). After receipt of the plan payments, the Disbursing Agent must distribute plan payments in accordance with the terms of this Order and the Plan before the 5th of each month until all required payments have been made. As shared by the Troubled Company Reporter, Kin Dee, LLC and Makiin, LLC, submitted a Second Amended Plan of Reorganization dated February 6, 2026. The Second Amended Plan proposes to pay creditors from future income by continuing operations and reorganizing its current debts. The Debtor proposes to pay allowed unsecured based on the liquidation analysis and cash available. Debtor anticipates having enough business and cash available to fund the plan and pay the creditors pursuant to the proposed plan. It is anticipated that after confirmation, the Debtor will continue in business. Based upon the projections, the Debtor believes it can service the debt to the creditors. The Debtor operates a Thai restaurant in Houston, Texas. Debtor's assets include cash on hand, inventory and equipment. There are partially secured creditors based on the liquidation analysis and UCC filings. Any secured creditor not treated in this Plan as fully-secured are therefore undersecured and will be treated with all unsecured creditors. After the filing of this Chapter 11, the Debtor and Debtor Representative in her individual capacity filed a lawsuit in Harris County District Court styled as Kin Dee, LLC and Warattayar Srasrisuwan v. Krua LLC et al, Cause No. 2025-67603, In the 234th District Court of Houston, Harris County Texas. This action seeks to enjoin Ms. Srasriswan's former partner from competing against her and the Debtor. At this time, it is not anticipated that there will be a financial recovery from the Defendants, rather it is anticipated that any relief would most likely come in the form of permanent injunctive relief and enforcement of a non-compete. That said, in the event that there is monetary relief recovered by the Debtor from that lawsuit, the Debtor shall file a notice to all creditors on the docket of this case informing of the amount recovered by the Debtor, and shall make that amount payable first to any unpaid priority creditor claims, then to the unpaid secured creditor, Newtek Bank National Association, and to the extent there is anything remaining, it shall be disbursed to the unsecured creditor pool. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into six classes of Claimants. These claimants will receive cash repayments over a period of time beginning on or after the Effective Date. Class 5 consists of Allowed Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at zero percent per annum over the next five years according to the projections. Creditors shall receive monthly disbursements based on the projection distributions of each 12-month period. The Debtor will distribute $49,027.43 from Kin Dee to their general allowed unsecured creditor pool over the 5-year term of the plan, including the under-secured claim portions. Kin Dee's General Allowed Unsecured Claimants will receive 5.47% of their allowed claims under this plan. Any potential rejection damage claims from executory contracts that are rejected in this Plan will be added to the Class 5 unsecured creditor pool and will be paid on a pro-rata basis. The allowed unsecured claims against Kin Dee total $895,910.76. Class 6 consists of Equity Interest Holders (Current Owners). The current owners will receive no payments under the Plan; however, they will be allowed to retain ownership in the Debtors. Class 6 Claimant is not impaired under the Plan. The Debtor anticipates the continued operations of the business to fund the Projected Disposable Income set forth in the Plan. In addition, in the event that there is monetary relief recovered by the Debtor from the aforementioned lawsuit, the Debtor shall file a notice to all creditors on the docket of this case informing of the amount recovered by the Debtor, and shall make that amount payable first to any unpaid priority creditor claims, then to the unpaid secured creditor, Newtek Bank National Association, and to the extent there is anything remaining, it shall be disbursed to the unsecured creditor pool. The Projected Disposable Income in the Plan and any monetary recovery by the Debtor in that lawsuit shall be the sole means of funding the Plan. A full-text copy of the Second Amended Plan dated Feb. 6, 2026 is available at https://urlcurt.com/u?l=OBoYAm from PacerMonitor.com at no charge. A copy of the Court's Order dated March 23, 2026, is available at https://urlcurt.com/u?l=rxWUo2 from PacerMonitor.com. About Kin Dee LLC Kin Dee, LLC manages and operates Thai restaurants at two leased locations. Kin Dee sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-32199) on April 23, 2025. In its petition, the Debtor reported assets of $30,301 and liabilities of $1,168,956. Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Robert C. Lane, Esq., and A. Zachary Casas, Esq., at The Lane Law Firm, PLLC. KINDER ISLAND: U.S. Trustee Seeks Chapter 11 Trustee Appointment ---------------------------------------------------------------- William Harrington, the U.S. Trustee for Region 2, asked the U.S. Bankruptcy Court for the Eastern District of New York to appoint a Chapter 11 trustee for Kinder Island LLC, or, in the alternative convert case to Chapter 7. In a court filing, the U.S. trustee raised the need to appoint an independent trustee to manage the case, saying the Debtor and the Smiles Debtor (collectively, the "Child Care Debtors") have acted recklessly in attempting to reorganize their businesses and breached fiduciary duties in the process. The U.S. trustee contended that the Child Care Debtors, through their principal, Svetlana Kazakevich, have set up a scheme whereby funds that allegedly belong to both Debtors -- funds which are subject to secured creditors' liens -- appear to be freely transferred from undisclosed bank accounts both between the Child Care Debtors, and from and to the Smiles Debtor itself. Neither of the Child Care Debtors have filed motions seeking permission to use cash collateral of any of the secured creditors, but have engaged in extensive transfers of funds, nonetheless. Additionally, the monthly operating reports filed by the Child Care Debtors (and signed by Ms. Kazakevich under penalty of perjury) are internally inconsistent and cannot be reconciled with each other, even though they feature transfers between the Smiles Debtor and the Debtor, transfers that can be gleaned from the respective bank statements but not listed in the body of the operating reports themselves. Mr. Harrington argued that despite having no employees to provide childcare services, the Debtor appears to have received $23,383 from the New York City Administration for Children's Services ("NYC ACS") on December 9, 2025. It is perplexing that the Debtor could qualify to receive over $44,000 in taxpayer funds from NYC ACS, a municipal childcare agency, when the Debtor employs no staff to deliver such services. The Debtor's inappropriate access to taxpayer funds warrants the appointment of a chapter 11 trustee so an appropriate investigation can be conducted. The U.S. trustee further argued that a cost-benefit analysis weighs in favor of a chapter 11 trustee, as the Debtor has no viable path to reorganization under the continued oversight of an insider who shows very little ability to manage the Debtor's business in an honest matter, who is conflicted, and who has shown no indication whatsoever toward resolving that conflict. A copy of the motion is available for free at https://urlcurt.com/u?l=zzAym4 from PacerMonitor.com. About Kinder Island LLC Kinder Island LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-45123) on Oct. 23, 2025, listing under $1 million in assets and liabilities. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor tapped the Law Offices of Alla Kachan, PC as counsel. LAMOUR COMMUNITY: Appointment of Chapter 11 Trustee Sought ---------------------------------------------------------- William Harrington, the U.S. Trustee for Region 1, asked the U.S. Bankruptcy Court for the District of Massachusetts to approve the appointment of Harry Murphy as Chapter 11 trustee for Lamour Community Health Institute, Inc. In his motion, the U.S. Trustee cited that the Commonwealth of Massachusetts is criminally prosecuting Ms. Lamour, the Debtor, and Lamour by Design for fraudulent billing practices and larceny-misconduct allegedly committed during Ms. Lamour's prepetition management of the Debtor as its President. The U.S. Trustee argued that while continuing to serve as the Debtor's President and managing member, Ms. Lamour also manages the Debtor's property manager, P Lamour Properties, as well as the Debtor's tenant and landlord, Lamour by Design, giving Ms. Lamour a uniquely high degree of control over the Debtor and its transactions. Because Ms. Lamour remains in control of the Debtor and its affiliates, there is nothing to suggest that current management has freed itself from the "taint" of fraud, dishonesty, and criminal conduct of prior management. The U.S. Trustee contended that the ongoing criminal proceedings against Ms. Lamour, the Debtor, and Lamour by Design, combined with appearances of impropriety and concerns that existing management is unable to faithfully and competently carry out its fiduciary duties give reason to question the trustworthiness of the Debtor's management and erode public and creditor confidence in the Debtor's management. The U.S. Trustee has consulted with parties-in-interest regarding the appointment of a chapter 11 trustee including counsel for the Debtor (John Desmond, Esq.) and counsel for creditor Life Insurance Community Investment Initiative, LLC (John Connelly, Esq.), regarding the appointment. To the best of his knowledge, the U.S. Trustee is not aware that Murphy has any connections with the Debtor, creditors, any other parties in interest, their respective attorneys and accountants, the U.S. Trustee or any persons employed by the U.S. Trustee, except as set forth in the verified statement. A copy of the appointment order is available for free at https://urlcurt.com/u?l=obTtjZ from PacerMonitor.com. 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. LAMOUR COMMUNITY: Trustee Taps Murphy & King as Counsel ------------------------------------------------------- Harold B. Murphy, the Chapter 11 trustee of the bankruptcy estate of Lamour Community Health Institute, Inc., seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire Murphy & King, Professional Corporation to serve as his legal counsel. The firm will provide these services: (a) consulting with the Trustee concerning all matters relating to the administration of the Debtor's estate; (b) providing assistance to the Trustee in preparing the motions, notices, complaints, and any other pleadings, plan, and documents that must be prepared or reviewed by an attorney and which are necessary to the administration of the case; (c) representing the Trustee at all hearings and matters pertaining to his role as Trustee of the Debtor's estate; (d) advising and assisting the Trustee in connection with the potential disposition of any property; (e) advising and assisting the Trustee in connection with the management and maintenance of the Debtor's operations and assets; (f) assisting in discussions and coordinating with the United States Trustee, other parties in interest, and professionals hired by same, as requested; (g) advising the Trustee regarding his ability to initiate actions to collect and recover property for the benefit of the estate; (h) reviewing, analyzing, and determining the validity, status, and priority of claims asserted against the Debtor's estate, including the potential avoidance of liens and the preparation, filing, or prosecution of any objections to claims, and developing a procedure to resolve disputed claims; (i) commencing and conducting any and all litigation necessary or appropriate to assert estate rights, protect estate assets other than with respect to matters for which the Trustee may retain special counsel; (j) taking all necessary or appropriate actions in connection with any plan or plans of reorganization or liquidation which may be filed in this matter and all related documents; and (k) providing such other legal services as may be requested by the Trustee as appropriate in administering the estate assets and the Debtor's case. M&K 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: Harold B. Murphy, Esq. Murphy & King, Professional Corporation One Beacon Street Boston, MA 02108 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. LINDSLEY EXCAVATING: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Lindsley Excavating LLC 92 Townline Road Fulton, NY 13069 Business Description: Lindsley Excavating LLC, headquartered in Fulton, New York, provides site preparation and earthmoving services, including excavation, grading, hauling, paving, and demolition, for residential, commercial, and infrastructure clients across Central New York. Founded in the late 1970s, the company operates a broad fleet of heavy equipment, ranging from skidsteers and excavators to dump trucks, trailers, and pavers, with a mix of owned and financed machinery to support its projects. Chapter 11 Petition Date: April 3, 2026 Court: United States Bankruptcy Court Northern District of New York Case No.: 26-30263 Judge: Hon. Patrick G Radel Debtor's Counsel: Peter A. Orville, Esq. ORVILLE & MCDONALD LAW, P.C. 4100 Vestal Road, Suite 103 Vestal, NY 13850 Tel: 607-770-1007 Fax: 607-770-1110 Total Assets: $1,525,500 Total Liabilities: $4,634,894 The petition was signed by Shawn Lindsley as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5FL35CI/Lindsley_Excavating_LLC__nynbke-26-30263__0001.0.pdf?mcid=tGE4TAMA LIPELLA PHARMACEUTICALS: Case Summary & 13 Unsecured Creditors -------------------------------------------------------------- Debtor: Lipella Pharmaceuticals Inc. 7800 Susquehanna St, Suite 505 Pittsburgh, PA 15208 Business Description: Lipella Pharmaceuticals, Inc., based in Pittsburgh, Pennsylvania, develops liposomal drug-delivery technologies to transport therapeutic agents directly to mucosal tissues such as the bladder, oral cavity, urethra, esophagus, and colon, addressing areas where conventional treatments often underperform. Established to advance localized therapies, the company uses proprietary liposomes to improve targeted delivery while minimizing systemic exposure and applies its platform to repurpose established drugs via regulatory pathways like 505(b)(2). Its clinical pipeline includes Phase 2a programs for oral lichen planus, oral graft-versus-host disease, hemorrhagic cystitis, and non-muscle invasive bladder cancer, some with orphan drug designations. Lipella works with academic and industry partners, serving patients and clinicians pursuing more effective therapeutic options. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-20879 Judge: Hon. Carlota M. Bohm Debtor's General Bankruptcy Counsel: Michael A. Shiner, Esq. TUCKER ARENSBERG, P.C. 1500 One PPG Place Pittsburgh, PA 15222 Tel: (412) 566-1212 Fax: (412) 594-5619 Email: mshiner@tuckerlaw.com Debtor's Financial Advisor: BDO USA Total Assets: $7,718,670 Total Debts: $699,912 The petition was signed by Jonathan Kaufman as chief executive officer. A full-text copy of the petition, which includes a list of the Debtor's 13 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YEB47SI/Lipella_Pharmaceuticals_Inc__pawbke-26-20879__0001.0.pdf?mcid=tGE4TAMA LUMINAR TECHNOLOGIES: Court Confirms Chapter 11 Liquidation Plan ---------------------------------------------------------------- Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas confirmed the Fourth Amended Chapter 11 Plan of Liquidation of Luminar Technologies, Inc. and its Affiliated Debtors. The Plan and each of its provisions are confirmed pursuant to section 1129 of the Bankruptcy Code. As shared by the Troubled Company Reporter, Luminar Technologies, Inc., and affiliates submitted a Second Amended Disclosure Statement describing Second Amended Plan of Liquidation dated Feb. 17, 2026. The Plan contemplates the distribution of the proceeds from the completed sales of substantially all the Debtors' assets pursuant to section 363 of the Bankruptcy Code to QCi for LSICo and to MicroVision for LiDARCo. and the efficient and orderly wind-down of the Debtors' estates in accordance with the Global Settlement. To implement the provisions of the Plan, including making distributions to holders of Claims and Interests, the Plan contemplates the creation of a Liquidation Trust, as well as the appointment of a Liquidation Trustee the identity of which shall be included in the Plan Supplement. To the extent the Liquidation Trustee generates Excess Cash after the effective date from monetizing the Liquidation Trust Assets, including the receipt of any Surplus Reserved Cash, Surplus Senior Claims Reserve Cash and Surplus Professional Fee Escrow Account, such proceeds shall be allocated pursuant to the Waterfall. The Debtors, the Ad Hoc Noteholder Group, and the Creditors' Committee have engaged in good faith and arm's length negotiations, culminating in the parties' entry into the Global Settlement. The Global Settlement is incorporated into the Plan and provides for the resolution of all disputes, claims, and controversies between the parties, including those related to the Plan and treatment of general unsecured claims, among other issues. The Global Settlement includes, among others, the following material terms and conditions (each as set forth in the Plan): * Holders of General Unsecured Claims (including First Lien Noteholder Deficiency Claims, if any, and Second Lien Noteholder Deficiency Claims) shall receive GUC Liquidation Trust Interests entitling them to their Pro Rata Share of Cash consisting of the GUC Reserve Assets and any proceeds thereof, net of any costs and expenses incurred by the Liquidation Trust (including fees of the Liquidation Trustee and any taxes incurred by the Liquidation Trustee, whether such taxes are incurred directly by the Liquidation Trustee in his or her role as such, or on account of those taxes attributed proportionately to each Holders' share of GUC Liquidation Trust Interests) in connection with the pursuit, abandonment, or liquidation of all GUC Reserve Assets; * GUC Reserve Assets shall include (i) the GUC Residual Amount, if any, (ii) the GUC Reserve Funding Amount of $1,500,000.00, (iii) the Retained Causes of Action belonging to each of the Debtors and the Debtors' Estates and the proceeds thereof (including any D&O Policy proceeds payable to the Estate on account of settlements or judgments from Commercial Tort Claims and other non-released claims and Causes of Action), and (iv) the Unencumbered Assets, and (v) the proceeds of each of the foregoing clauses (i)-(iv); * The appointment of the Liquidation Trustee shall be mutually agreeable between the Ad Hoc Noteholder Group and the Creditors' Committee and reasonably acceptable to the Debtors; the Creditors' Committee shall select each of the three members of the Liquidation Trust Oversight Board; * The sum of the Allowed Professional Fee Claims of the Creditors' Committee Advisors and the Restructuring Fees and Expenses due to the Unsecured Notes Trustee shall be capped at $4.225 million; provided that any amounts up to $200,000 incurred in excess of $4.025 million shall be payable from the first dollars to be distributed as Post Effective Date Available Cash (GUC Reserve Assets); and * The Allowed Professional Fee Claims of the Debtors' Advisors shall not exceed $26.471 million. Class 2 consists of Other Secured Claims. Except to the extent that a Holder of an Allowed Other Secured Claim agrees to less favorable treatment of such Claim, each Holder of an Allowed Other Secured Claim shall receive, at the option of the Debtors or the Liquidation Trustee, as applicable, in full and final satisfaction, settlement, release, and discharge of such Claim, on the Effective Date or as soon as reasonably practicable thereafter: (i) payment in full in Cash in an amount equal to the Allowed amount of such Other Secured Claim; (ii) such other treatment sufficient to render such Holder's Allowed Other Secured Claim Unimpaired pursuant to section 1124 of the Bankruptcy Code; or (iii such other recovery necessary to satisfy section 1129 of the Bankruptcy Code. The amount of claim in this Class total $8.0M. Class 5 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment of such Claim, each such Holder shall receive, in full and final satisfaction, settlement, release, and discharge of such Claim, on the Effective Date or as soon as reasonably practicable thereafter, such Holder's Pro Rata Share of the GUC Liquidation Trust Interests. The allowed unsecured claims total $518.8M. This Class will receive a distribution of 0% to 1% of their allowed claims. The Debtors and Liquidation Trustee, as applicable, shall fund Plan Distributions under the Plan as set forth herein with the (i) Effective Date Available Cash, (ii) Post Effective Date Available Cash (Non-GUC Reserve Assets), (iii) Post Effective Date Available Cash (GUC Reserve Assets), (iv) Excess Cash, (v) Senior Claims Reserve, (vi) First Lien Reserve, (vii) Second Lien Reserve, (viii) GUC Reserve, (ix) Surplus Wind Down Reserve, and (x) Surplus Senior Claims Reserve. A full-text copy of the Second Amended Disclosure Statement dated Feb. 17, 2026 is available at https://urlcurt.com/u?l=BI3ta0 from Omni Agent Solutions, Inc. A copy of the Court's Findings of Fact, Conclusions of Law and Order dated April 1, 2026, is available at http://urlcurt.com/u?l=aujjYhfrom PacerMonitor.com. About Luminar Technologies Inc. Luminar Technologies Inc. is an automotive lidar manufacturer. Luminar Technologies Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90808) on December 15, 2025. In its petition, Luminar reported estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company engaged Jefferies LLC, as investment banking advisers, and Portage Point Partners, LLC's Triple P TRS, LLC as restructuring advisor and to provide interim management services for the Company. Omni Agent Solutions, Inc. serves as the claims and noticing agent. Quantum Computing Inc., the proposed buyer for the Debtors' assets, is represented by Marty Korman, Esq., and Mark Holloway, Esq., and Catherine Riley Tzipori, Esq., at Wilson Sonsini Goodrich & Rosati Professional Corporation, in Palo Alto, California. Ropes & Gray, LLP, serves as legal advisors and Ducera Partners LLC, acts as investment banker for the holders of Floating Rate Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible Second Lien Senior Secured Notes due 2030 -- Series 2 Notes. GLAS Trust Company LLC, serves as Trustee and Collateral Agent for both the 1L and 2L Notes. LUMINAR TECHNOLOGIES: Net Loss Widens to $366MM, Awaits Liquidation ------------------------------------------------------------------- Luminar Technologies, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K reporting a net loss of $366.3 million for the fiscal year ended December 31, 2025, compared to a net loss of $273.1 million for the fiscal year ended December 31, 2024. Revenues were $66 million for the fiscal year ended December 31, 2025, compared to $75.4 million for 2024. As of December 31, 2025, the Company had $131.3 million in total assets, $608.3 million in total liabilities, and $477 million in total stockholders' deficit. Historically, its primary sources of liquidity have been proceeds received from issuances of debt and equity. As of December 31, 2025, the Company's principal sources of liquidity were its cash and cash equivalents totaling $21.7 million and marketable securities of $2.6 million, resulting in total liquidity of $24.3 million. Since inception, the Company has not generated positive cash flows from operating activities and has incurred significant losses from operations. As of December 31, 2025, the Company had an accumulated deficit of $2.5 billion. -- On December 15, 2025 and December 31, 2025, as applicable, the Company and certain of its subsidiaries filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas thereby commencing chapter 11 cases. The filing of the Chapter 11 Cases constituted an event of default that permitted the acceleration of the Company's obligations under its outstanding debt instruments. Subsequent to December 31, 2025, the Company has ceased business operations and has sold substantially all of its assets, and is awaiting the Bankruptcy Court's confirmation of the Plan of Liquidation. The Plan will govern how the remaining value of the Company will be distributed to holders of claims and equity interests in the Company. A full text copy of the Company's Annual Report is available at https://tinyurl.com/mwfxyxwv About Luminar Technologies Luminar Technologies, Inc., is an automotive lidar manufacturer. Luminar Technologies and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90808) on Dec. 15, 2025. In its petition, Luminar reported estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company engaged Jefferies LLC, as investment banking advisers, and Portage Point Partners, LLC's Triple P TRS, LLC as restructuring advisor and to provide interim management services for the Company. Omni Agent Solutions, Inc. serves as the claims and noticing agent. Quantum Computing Inc., the proposed buyer for the Debtors' assets, is represented by Wilson Sonsini Goodrich & Rosati Professional Corporation. Ropes & Gray, LLP, serves as legal advisors and Ducera Partners LLC, acts as investment banker for the holders of Floating Rate Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible Second Lien Senior Secured Notes due 2030 -- Series 2 Notes. GLAS Trust Company LLC, serves as Trustee and Collateral Agent for both the 1L and 2L Notes. M & M BUCKLEY: Seeks Cash Collateral Access ------------------------------------------- M & M Buckley, LLC asks the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, for authority to use cash collateral and provide adequate protection. The Debtor's primary asset is a multi-unit commercial rental property located in Richton Park, Illinois. This property is encumbered by a mortgage and assignment of rents originally granted to Seaway Bank and Trust Company and now held by JTS Capital 4 LLC. The loan, originally in the amount of approximately $575,550, is secured by both the property and its rental income, which constitutes cash collateral under the Bankruptcy Code. Prior to the bankruptcy filing, foreclosure proceedings had already progressed significantly, culminating in a judgment of foreclosure and sale entered in December 2025, with approximately $582,282 owed as of the petition date. The Debtor asserts that despite the foreclosure judgment, the property has a current estimated market value of at least $1,000,000, creating a substantial equity cushion above the secured debt. Nevertheless, the Debtor lacks sufficient funds to maintain the property or administer the bankruptcy case without access to the rental income generated by the property. The Debtor further states that it has been unable to obtain financing from any source, whether secured or unsecured, making the use of cash collateral essential to continue operations and pursue a reorganization plan. Without immediate access to these funds, the debtor argues that the estate would suffer irreparable harm. To address the secured creditor's interests, the Debtor proposes providing adequate protection to JTS Capital 4 LLC. This includes granting a replacement lien on the property and collateral with the same validity and priority as existed before the bankruptcy filing, as well as maintaining property insurance naming JTS as lienholder and loss payee. The Debtor seeks authorization to use the cash collateral on an interim basis to cover necessary operating and maintenance expenses as outlined in an attached budget, while also requesting that the court schedule a continued hearing on April 29, 2026, for further consideration. A hearing on the matter is set for April 8, 2026 at 9:30 a.m. A copy of the motion is available at https://urlcurt.com/u?l=kProEf from PacerMonitor.com. About M & M Buckley Management Inc. M & M Buckley Management, Inc. is a professional property management company based in Richton Park, IL. It specializes in managing residential and commercial properties. M & M sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-19108) on December 23, 2024, with $1 million to $10 million in both assets and liabilities. Melvin T. Buckely, Jr., president of M & M, signed the petition. Judge Janet S. Baer handles the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. Secured creditor Community Loan Servicing is represented by Jill Sidorowicz, Esq. at Noonan & Lieberman, Ltd. M&M APPLIANCE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: M&M Appliance Sales and Service, Inc. 6201 Blair Road, NW Washington, DC 20011 Business Description: M&M Appliance Sales & Service, Inc., based in Washington, D.C., sells, delivers, installs, and services major household appliances, including refrigerators, washers, dryers, dishwashers, and microwaves, for residential and small-business clients across the DC-Maryland-Virginia area, with a showroom and service center at 6201 Blair Road, NW, offering support for leading brands such as Electrolux, Bosch, Thermador, Liebherr, GE, Whirlpool, and KitchenAid since its founding in the late 1990s. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court District of Columbia Case No.: 26-00149 Debtor's Counsel: Craig M. Palik, Esq. MCNAMEE HOSEA, P.A. 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Tel: (301) 441-2420 E-mail: cpalik@mhlawyers.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Michael Greenwald as owner. 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/HII6QVY/MM_Appliance_Sales_and_Service__dcbke-26-00149__0001.0.pdf?mcid=tGE4TAMA MANITOWOC CO: S&P Upgrades ICR to 'B+', Outlook Stable ------------------------------------------------------ S&P Global Ratings raised its issuer credit rating on U.S.-based crane manufacturer The Manitowoc Co. Inc. to 'B+' from 'B'. S&P said, "We also raised our issue-level rating on the $300 million senior secured second-lien notes to 'B+' from 'B'. The recovery rating remains '3', indicating our expectation of meaningful (50%-70%; rounded estimate 50%) recovery in the event of a payment default. "The stable outlook reflects our expectation that Manitowoc will modestly improve its earnings and generate positive FOCF over the next 12 months, which keep leverage below 5x." The Manitowoc Co. Inc. maintained steady operating results amid a mixed end-market environment in 2025. The company continued to increase its less-cyclical non-new machine revenues, which should moderately improve the company's resilience across a business cycle. S&P Global Ratings-adjusted debt leverage was 4.4x as of Dec. 31, 2025, and S&P believes the company will maintain S&P Global Ratings-adjusted leverage below 5x through the business cycle. The company has grown its more stable and higher-margin non-new machine sales, which should partially offset the high cyclicality of the crane manufacturing business. Manitowoc expanded its non-new machine sales, which include parts and services, used machine sales, rentals, and other revenue. It added service locations and increased its technician workforce to capture more crane aftermarket business. In 2025, non-new machine sales grew to $690 million (about 31% of total revenue) from $449 million in 2021. Non-new machine sales are generally more resilient and generate higher gross margins than new crane sales, and growth in this business line should reduce the volatility in revenue and S&P Global Ratings-adjusted EBITDA margins. S&P said, "We still expect that Manitowoc's exposure to cyclical construction and industrial end markets and high fixed-cost structure will continue to drive volatility in earnings and credit metrics over the business cycle. However, the impact of a downturn in original equipment demand on earnings and leverage should be less pronounced than previously. "Our view of the company's business continues to reflect its participation in the highly competitive and cyclical crane manufacturing industry and its relatively low EBITDA margins." The company maintains a top three market position in several crane types and benefits from some barriers to entry given its customer relationships and product quality. However, it continues to face intense competition, including from non-U.S. based crane manufacturers. An increase in backlog should drive revenue growth over the next 12 months. The backlog increased 22% as of Dec. 31, 2025, to about $794 million from $650 million in 2024. Still, customers remain cautious amid geopolitical uncertainty and a still-high interest rate environment. In the Americas, although the broader non-residential construction market remains mixed, Manitowoc is poised to benefit over the next 12-24 months from large-scale projects in industries like power generation, data centers, and infrastructure. In Europe, the tower crane business is recovering along with the region's housing market, and we therefore expect continued growth in the Europe and Africa segment. S&P said, "The company has some exposure to the Middle East in its Middle East and Asia-Pacific segment, and we believe this segment could see project deferrals and supply chain disruptions, but projects moving forward in Asia should partially offset this. "We expect Manitowoc will maintain leverage below 5x through the business cycle. The company ended 2025 with S&P Global Ratings-adjusted debt to EBITDA of 4.4x, and we expect leverage will improve to about 4x in 2026 primarily due to EBITDA growth. In 2025, negative free operating cash flow (FOCF) stemmed from a $42.6 million civil penalty payment to the Environmental Protection Agency (EPA), as well as a $12.9 million purchase of the assets of Ring Power Corp. "We believe FOCF will turn positive in 2026 as those outflows will not recur, and as the company increases its earnings. This should provide the company with capacity for debt reduction or bolt-on acquisitions, while maintaining S&P Global Ratings-adjusted leverage below 5x. "The stable outlook reflects our expectation that Manitowoc will modestly improve its earnings and generate positive FOCF over the next 12 months, which will allow it to maintain leverage below 5x." S&P could lower its rating on Manitowoc over the next 12 months if: -- The company's operating performance is worse than we expected, causing S&P Global Ratings-adjusted leverage to rise above 5x; -- FOCF generation is negligible or negative, eroding the company's cash position or reducing liquidity; or -- It pursues debt-funded acquisitions or shareholder rewards that weaken credit metrics on a sustained basis. Although unlikely given the company's exposure to cyclical markets, S&P could raise its rating on Manitowoc over the next 12 months if: -- The company mitigates earnings volatility such that S&P expects S&P Global Ratings-adjusted leverage sustained below 4x across the cycle while incorporating potential acquisitions or other cash out flows; or -- The company strengthens its business by diversifying into less cyclical end markets and products. MARINER'S GATE: Seeks Approval to Hire Avison Young as Broker ------------------------------------------------------------- Mariner's Gate LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Avison Young-New York, LLC to serve as its real estate broker. The firm will provide these services: (a) enlist the efforts of its firm to secure satisfactory prospective purchasers for the Property on such terms as may be acceptable to Owner; (b) solicit the cooperation of other licensed real estate brokers; (c) assist Owner in its negotiation of the terms of a sale agreement procured hereunder; and (d) conduct marketing for the auction sale of the commercial loft office building located at 548 West 28th Street, New York, NY, in accordance with the approved Bid Procedures. Avison Young will receive a commission equal to 1.5% of the gross purchase price in the event of a direct sale or 2% if the sale involves an outside broker, subject to Bankruptcy Court approval, and reimbursement of expenses up to $5,000 for marketing. Avison Young is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and does not hold or represent an interest adverse to the Debtor or the Debtor's estate. The firm can be reached at: James Nelson AVISON YOUNG - NEW YORK, LLC 200 Park Avenue New York, NY 10166 Telephone: (212) 318-6000 E-mail: jnelson@avisonyoung.com About Mariner's Gate LLC Mariner's Gate LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12819) on December 16, 2025. At the time of the filing, Debtor had estimated assets and liabilities related to a commercial loft office building located at 548 West 28th Street, New York, NY. Judge Philip Bentley oversees the case. Goldberg Weprin Finkel Goldstein LLP is Debtor's legal counsel. MARINER'S GATE: Seeks to Hire Goldberg Weprin Finkel as Counsel --------------------------------------------------------------- Mariner's Gate LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Goldberg Weprin Finkel Goldstein LLP to serve as bankruptcy counsel. The firm will provide these services: (a) provide the Debtor with all necessary representation in connection with this Chapter 11 case, as well as the Debtor's responsibilities as a debtor-in-possession; (b) represent the Debtor in all proceedings before the U.S. Bankruptcy Court and the Office of the U.S. Trustee; (c) prepare and file all necessary legal papers, applications, motions, objections, adversary proceedings, pleadings, and reports as required in this Chapter 11 case; (d) provide all legal services required with respect to achieving confirmation of a liquidating plan of reorganization in bankruptcy based upon a sale of the Building; and (e) provide all services necessary to close and consummate the sale transaction. The firm received the following prepetition payments for services: $27,000 on August 7, 2024, and $25,000 on February 21, 2025. The firm also received a $25,000 retainer on December 15, 2025, with the unused portion to be applied to fees and expenses awarded by the Court. GWFG's current billing rates are $865 per hour for partner time and between $495 to $620 per hour for associate time. Goldberg Weprin Finkel Goldstein LLP is a "disinterested person" within the meaning of Sections 101(14) and 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: Goldberg Weprin Finkel Goldstein LLP 125 Park Avenue, 12th Floor New York, NY 1017 Telephone: (212) 221-5700 About Mariner's Gate LLC Mariner's Gate LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12819) on December 16, 2025. At the time of the filing, Debtor had estimated assets and liabilities related to a commercial loft office building located at 548 West 28th Street, New York, NY. Judge Philip Bentley oversees the case. Goldberg Weprin Finkel Goldstein LLP is Debtor's legal counsel. MARVEL LIGHTING: Douglas Adelsperger Named Subchapter V Trustee --------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for Marvel Lighting LLC. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger 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 R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About Marvel Lighting LLC Marvel Lighting LLC is a lighting designer and distributor based in Carmel, Indiana,. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-03349-JJG-11) on June 10, 2025. In the petition signed by John Ansted, principal, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Jeffrey J. Graham oversees the case. The Debtor is represented by: John Joseph Allman Hester Baker Krebs LLC Tel: 317-833-3030 Email: jallman@hbkfirm.com MII AVIATION: Committee Seeks to Tap Alvarez & Marsal as Advisor ---------------------------------------------------------------- The Official Committee of Unsecured Creditors of MII Aviation Services LLC, et al., seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Alvarez & Marsal North America, LLC as its financial advisor, effective March 18, 2026. The firm will provide these services: (a) review financial information distributed by the Debtors, including cash flow projections, budgets, cash receipts and disbursements, and asset/liability analyses; (b) assist Committee counsel with the financial elements of court pleadings; (c) review the Debtors' business model, operations, assets, liabilities, tax considerations, feasibility, and prospects; (d) review cost/benefit analyses relating to executory contracts and unexpired leases; (e) review and monitor international operations, intercompany matters, and cash management systems and their impact on liquidity and enterprise value; (f) evaluate and assist with potential divestitures of the Debtors' investment portfolio and analyze remaining portfolio impacts; (g) attend meetings with the Debtors, creditors, lenders, the Committee, the U.S. Trustee, and other case professionals; (h) participate in court hearings relating to matters on which A&M provides advice; (i) assist with evaluating potential avoidance actions; (j) assist with preparing analyses for plan confirmation, including liquidation analyses; and (k) provide other financial advisory and business consulting services, including expert testimony, expert reports, valuation analyses, and forensic work, as needed. A&M will be compensated on an hourly basis at these rates: Managing Directors $1,200-$1,600; Directors $900-$1,175; Associates $650-$875; Analysts $450-$625, plus reimbursement of reasonable expenses. Compensation is subject to Court approval. A&M is not owed any prepetition fees or expenses and states that it is a "disinterested person" eligible to represent the Committee under section 1103(b) of the Bankruptcy Code, according to the application. The firm can be reached at: Mark Roberts Alvarez & Marsal North America, LLC 600 Madison Avenue, 8th Floor New York, NY 10022 Phone: (212) 759-4433 About MII Aviation Services LLC MII Aviation Services LLC is an aviation services company that provides aircraft maintenance, repair, and related technical support services to commercial and private aviation clients. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10123) on February 1, 2026. In its petition, the debtor reported estimated assets between $1 million and $10 million and estimated liabilities ranging from $10 million to $50 million. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtor is represented by Mark L. Desgrosseilliers, Esq. of CHIPMAN BROWN CICERO & COLE, LLP. MOHAWK DRIVE: Hires Hydro-Environmental Technologies as Consultant ------------------------------------------------------------------ Mohawk Drive Corp. seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Hydro-Environmental Technologies, Inc. to provide environmental consulting services. The firm will perform these services: (a) assist the Debtor with the cleanup of a waste oil spill caused by a tenant that installed a waste oil tank and burner on the premise at 25 Mohawk Drive, Leominster, Massachusetts without the knowledge or consent of the Debtor; (b) provide environmental consulting services necessary to complete remediation so the Debtor can consummate the sale of the Property; and (c) perform all environmental consulting work needed to address the hazard discovered on the Property. HETI estimates the budget to complete the work is $13,800. Costs are to be billed on a time and materials basis. Subcontracted services will be billed at cost plus 15%. Labor and equipment will be billed in accordance with HETI’s standard rate sheet. A retainer of $6,200 is required to initiate the project. Any and all commissions, fees, and expenses are subject to Court approval. According to the affidavit filed, HETI is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached at: Stefanie S. Wood, MEM Senior Environmental Scientist HYDRO-ENVIRONMENTAL TECHNOLOGIES, INC. 54 Nonset Path Acton, MA 01720 Telephone: (508) 714-9197 E-mail: swood@hetiservices.com About Mohawk Drive Corp. Mohawk Drive Corp. owns the real property located at 25 Mohawk Drive, Leominster, MA having a current value of $6 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 24-40250) on March 15, 2024. In the petition signed by Kevin Crowley, treasurer, the Debtor disclosed $6,522,513 in assets and $1,664,799 in liabilities. Judge Christopher J. Panos oversees the case. Michael B. Feinman, Esq., at Feinman Law Office, represents the Debtor as bankruptcy counsel. MOUNTAIN REGIONAL: Seeks to Extend Plan Exclusivity to June 17 -------------------------------------------------------------- Mountain Regional Equipment Solutions, LLC and MRES Holdings, LLC asked the U.S. Bankruptcy Court for the District of Utah to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 17 and August 16, 2026, respectively. This Motion is the Debtors' first request for an extension of the Plan Period. Presently, the Debtors are seeking an extension of the Plan Period to the date that is already scheduled for the Solicitation Period. The Debtors claim that it cannot be reasonably asserted that the companies are seeking an extension of the Plan Period to unfairly prejudice or pressure the Debtors' creditors. Instead, the extension requested by the Debtors is an exercise of prudent business judgment and an attempt to have adequate time to negotiate terms with secured creditor and other creditors of the estate. In sum, the requested extension of the Plan Period will facilitate the Debtors' efforts to maximize the value of their estates by providing the Debtors with a full and fair opportunity to seek acceptance of their Plans. The Debtors submit that the extension requested herein will increase the likelihood of a greater distribution to creditors than would be possible if the Debtors were required to seek confirmation without additional time to finalize acceptance of the plan with key creditors. Counsel to the Debtors: Jeffrey L. Trousdale, Esq. Cohne Kinghorn, P.C. 111 E. Broadway Eleventh Floor Salt Lake City, UT 84111 Telephone: (801) 363-4300 Facsimile: (801) 363-4378 Email: jtrousdale@ck.law Cameron M. McCord, Esq. JONES & WALDEN LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 Email: cmccord@joneswalden.com About Mountain Regional Equipment Solutions Mountain Regional Equipment Solutions, LLC supplies and services automated lubrication systems, safety systems, and maintenance products used in heavy mobile equipment and industrial machinery. It serves customers across construction, mining, transportation, agriculture, and industrial markets, with operations based in Salt Lake City, Utah. Mountain Regional Equipment Solutions sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27678) on Dec. 19, 2025, listing between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Todd Miceli, manager, signed the petition. Jeffrey L. Trousdale, at Cohne Kinghorn, P.C., is the Debtor's legal counsel. MULTI-COLOR CORP: Shenkman Out as Committee Member -------------------------------------------------- The U.S. Trustee for Regions 3 and 9 disclosed in a court filing the removal of Shenkman Capital Management, Inc. from the official committee of unsecured creditors in the Chapter 11 cases of Multi-Color Corporation and its affiliates. The remaining members of the committee are: 1. UMB Bank, N.A., as Successor Indenture Trustee 120 South Sixth Street Suite 1400 Minneapolis, MN 55402 Attn: Jordana Renert jordana.renert@umb.com 2. James Castillo 2192 Sacramento St., Apt 6 Vallejo, CA 94590 Attn: James Castillo Westwood_ra2@yahoo.com The removal of Shenkman comes after Multi-Color filed a motion seeking to disband the committee, or in the alternative, directing the U.S. Trustee to reconstitute the committee by removing Shenkman. Earlier, the unsecured creditors' committee and the so-called cross-holder ad hoc group criticized the company's bid to disband the committee. Attorney for the committee, Edward Corma, Esq., at Pachulski Stang Ziehl & Jones, LLP, refuted the company's claim that the committee only represents the interests of the holders of unsecured notes claims. In its motion, Multi-Color argued that Class 6 general unsecured claims under the proposed joint prepackaged Chapter 11 plan are unimpaired while Class 5 unsecured notes claims are impaired, therefore, the committee can only pursue the interests of holders of unsecured notes claims to the detriment of general unsecured creditors. "This flawed argument assumes erroneously that the proposed plan can and will be confirmed. The proposed plan, however, suffers from multiple defects which, unless modified and corrected, will preclude confirmation," Mr. Corma said. "Unless and until the proposed plan is confirmed and goes effective, holders of general unsecured claims remain at risk and are, in fact, impaired just like the holders of unsecured notes claims," the attorney added. Mr. Corma emphasized that the committee "represents the interests of all unsecured creditors." Meanwhile, the cross-holder ad hoc group opposed the motion on grounds that the U.S. Trustee was not arbitrary and capricious in appointing the committee; the unsecured creditors will be fairly and effectively represented by the committee; and there is a "demonstrable need" for the committee. The company's request for the disbandment of the committee also drew objection from the U.S. Trustee. In a court filing, the bankruptcy watchdog argued the bankruptcy court has no statutory authority to disband the committee because its appointment is mandated under section 1102(a)(1) of the Bankruptcy Code. If the court, however, decides that it has authority to review the appointment, the U.S. Trustee argued that such appointment is not an abuse of discretion because the bankruptcy watchdog appointed "eligible unsecured creditors to the committee as soon as practicable under the circumstances of these cases, pursuant to the statutory requirement to do so." "The [companies] primarily justify their motion with the conclusory assertion that the unsecured notes members possess conflicts that render them unable to discharge their fiduciary obligations. Notwithstanding that the [companies] provided no evidence that the unsecured notes members will act to the detriment of the unsecured creditor body as a whole, such assertions are not a basis to disband the committee," the U.S. Trustee said. About Multi-Color Corporation 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. The Debtors tapped Kirkland & Ellis LLP and Cole Schotz PC as legal counsel, Evercore as investment banker, AlixPartners as financial advisor, PwC US Tax LLP as tax services provider, and PricewaterhouseCoopers Advisory Services LLC as margin reporting review services provider. Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.'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 Debtors' claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as its financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Multi-Color Corporation and its affiliates. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Pachulski Stang Ziehl & Jones, LLP. NAVA HEALTH: Employs Bluestone Accounting Solutions as Accountants ------------------------------------------------------------------ NAVA Health MD, Inc. and NAVA Health Medical Group, LLC seek approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Bluestone Accounting Solutions, LLC as accountants in their Chapter 11 cases. The firm will provide these services: (a) oversight of general ledger accounting entries; (b) budgeting; (c) preparation of financial statements and related reporting; (d) general outsourced services of a chief financial officer; (e) preparation of monthly Debtor in Possession financial reporting; (f) financial analysis and related accounting services related to formulation and prosecution of Chapter 11 plans. Bluestone's compensation will be based on its standard hourly rates, which presently range from $175 to $510 per hour, depending on personnel level. No retainer has been paid in connection with this engagement. According to the filings, Bluestone is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and represents no interest adverse to the Debtors or their estates. The firm can be reached at: Bluestone Accounting Solutions, LLC 9690 Deereco Road Lutherville Timonium, MD 21093 About NAVA Health MD, Inc. Nava Health MD, Inc. operates in the functional medicine, longevity, and wellness sector, providing personalized, integrative care through physical centers and digital platforms. Through its management of Nava Health Medical Group, LLC, the company offers physician-supervised hormone optimization, nutrition, IV therapy, diagnostic testing, and wellness programs aimed at improving health span and biological-age markers. NAVA Health MD, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10497) on March 1, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $10,000,001 to $50 million. Judge Brian F. Kenney oversees the case. Henry & O'Donnell, P.C. is Debtor's legal counsel. NB THE VILLAGE: Trigild IV Appointed as Receiver ------------------------------------------------ The Hon. Karin J. Immergut of the U.S. District Court for the District of Oregon directed the appointment of Trigild IVL, as receiver for NB The Village at Gresham LLC, pursuant to a Stipulated Order entered into by Federal National Mortgage Association, aka Fannie Mae, and NB The Village at Gresham LLC. Fannie Mae filed a Complaint against NB alleging breach of contract, seeking appointment of a receiver, and seeking to foreclose on its property following defaults by Borrower under the Loan Documents. The property consists of certain improved real property generally located at 3087 NE Rene Avenue, Gresham, Oregon 97030, all leases, rents, issues, profits and income generated from the Real Property, and all other Mortgaged Property as defined under the Loan Documents. The Property is pledged as security for obligations owed by Borrower to Fannie Mae pursuant to the Loan Documents defined in the Motion. In 2019, Defendant borrowed nearly $14.5 million from Greystone Servicing Company LLC, as part of a mortgage loan transaction for much of Campbell Park, a condominium complex. Trigild IVL is an experienced and qualified real estate property receiver and is willing to serve as receiver for the Property. Congress chartered Fannie Mae to facilitate the nationwide secondary residential mortgage market. The Housing and Economic Recovery Act of 2008 established the Federal Housing Finance Agency as Fannie Mae's primary regulator. On Sept. 6, 2008, pursuant to HERA, the Director of FHFA placed Fannie Mae into conservatorship. As Conservator, FHFA succeeded to all of Fannie Mae's rights, titles, powers, privileges, and assets. FHFA, as Conservator, is statutorily empowered to "preserve and conserve [Fannie Mae's] assets and property," to "operate" Fannie Mae, to "perform all [of Fannie Mae's] functions in [Fannie Mae's] name," and to "collect all obligations and money due" Fannie Mae. Congress also mandated that "no court may take any action to restrain or affect the exercise of [FHFA's] powers or functions as a conservator." Because the Receiver derives its authority from the Court, it also precludes the Receiver from restraining or affecting the Conservator's exercise of its statutory powers and functions. FHFA has represented to Fannie Mae that FHFA supports the appointment of a receiver. However, FHFA reserved its rights as to any other or different terms for the appointment of a receiver that have not been approved explicitly by FHFA in advance. Pursuant to the Court's Order, Trigild IVL is appointed as receiver pursuant to FRCP 66 and the Court's inherent authority, and is vested with all the powers and responsibilities of a receiver as provided in this Order, subject to the rights, titles, powers, privileges, and functions of the FHFA under HERA. The FHFA retains all its federal powers and functions, including the right to assert such powers and protections to preclude the Receiver and the receivership from restraining or affecting FHFA's powers or functions as to Fannie Mae's and FHFA's interests. Effective immediately, the Receiver shall take possession of and be the managing agent for the Property with all of the usual and customary duties, powers, authority, and responsibility, through its employees, agents, and independent contractors, including, without limitation, the specific powers and authorities: -- The Receiver shall operate, lease, manage, control and conduct the receivership estate and its business and incur the expenses necessary in such operation, leasing, management, control, and conduct in the ordinary and usual course of business, including the execution of contracts necessary for the management of the Property. It shall do all things and incur the risks and obligations ordinarily incurred by owners, managers, and operators of similar properties, and no such risks or obligations so incurred shall be the personal risk or obligation of the Receiver. Still, they shall be a risk or obligation of the receivership estate. -- Within 30 business days of taking control and possession under this Order, the Receiver shall file an inventory itemizing all personal property of which it has taken control or possession and shall promptly file supplemental inventories of any personal property subsequently coming into the receivership estate as needed. -- Within 14 business days of the entry of this Order, the Receiver shall prepare and deliver to Fannie Mae a proposed 90-day budget (the "Initial Budget") for the management of the Property and the conduct of the receivership estate. Subject to and upon the reasonable approval by Fannie Mae, the Initial Budget shall be approved. For every quarter following the expiration of the Initial Budget, for so long as any part of the Property remains in the Receiver's possession, the Receiver shall prepare and deliver to Fannie Mae a proposed 90-day budget for the management of the Property and the conduct of the receivership estate. -- The Receiver may, in its reasonable discretion, deviate from the Budget in amounts less than $5,000, but not in the aggregate more than $30,000 per budget period. The Receiver may, in its reasonable discretion, deviate from the Budget in amounts greater than $5,000 only with the prior consent of Fannie Mae or after providing written notice to Fannie Mae and receiving no objection within five business days. Otherwise, the Receiver may deviate from the Budget only upon an order of the Court following motion and an opportunity for hearing. At the end of each month, after reserving a reasonable amount of funds, the Receiver may pay at its reasonable discretion or upon Court order, any remaining amounts to Fannie Mae. -- The Receiver may obtain and pay any reasonable price for any lawful license and, to the extent permitted by law, exercise the privileges of any existing license issued in connection with the Property or any business transacted with respect to it, until further order of the Court, and do all things necessary to protect and maintain said licenses, including, but not limited to, taking such license in the name of the Receiver or a nominee of the Receiver. All existing licenses relating to the operation of the Property are assigned to the Receiver. -- The Receiver is authorized to open and maintain checking and savings accounts and the like, in the name of the receivership estate at a federally insured lending institution and shall make only those disbursements that are reasonable and necessary for the operation of the receivership estate. -- The Receiver shall not be responsible for payment of any real property taxes, utility bills, unpaid payroll expenses or other unpaid invoices for services or utilities incurred by or on behalf of Borrower or its agents, or for the benefit of the Property, before the Receiver's taking possession of the Property, provided, however, the Receiver is authorized to pay operating and other expenses of the receivership estate incurred before the date of this Order if the payment is reasonably necessary or beneficial to enable the Receiver to conserve the Property and continue to operate the receivership estate, including, without limitation, utility bills dated before the date of this Order. -- The Receiver may demand, collect, and receive all rents, revenues, receivables and profits for the Property or any part of it that are owed, unpaid, and uncollected as of the effective date of this Order, or hereafter to become due and in connection therewith may indorse checks payable to Borrower or its agents to the extent related to the Property. -- The Receiver shall hold and retain all money that may come into the Receiver's possession, custody, and control by virtue of his appointment and such funds shall be expended only for the purposes authorized and the balance of any funds shall be held by the Receiver pending the further order of the Court or until the sale of the Property under the terms of the Loan Documents. -- Nothing in the Court's order shall obligate Fannie Mae to advance or disburse any funds or amounts to the Receiver. Borrower shall provide the Receiver with copies of all existing insurance policies for the Property, the assets of the receivership estate, or maintained by Borrower for or with respect to the Property. To the extent the Receiver engages agents, attorneys, or contractors to provide services, those entities must also have appropriate coverages for the services to be performed as determined by the Receiver. Fannie Mae and FHFA shall be named as additional insureds on the Receiver's Business Insurance. Each insurance carrier providing Receiver's Business Insurance, whether admitted or non-admitted, must comply with a minimum (1) A. M. Best Financial Strength Rating of A- and (2) A.M. Best Financial Size Category of VII or better. The maximum deductible or self-insured retention or any combination thereof for each coverage shall be no more than $25,000. No later than 60 business days after the receivership terminates, the Receiver shall file and serve a motion for approval of the Receiver's final report and account. The Receiver shall give notice of such motion to all persons of whom the Receiver is aware who have potential claims against the receivership property. At the request of the Receiver, Borrower and all persons or entities acting under their direction or on their behalf are directed and ordered to surrender to the Receiver within 10 business days of the entry of this Order the Property and, to the extent within their custody or control, all related information, including, but not limited to: -- All royalties, rents, revenues, issues, profits, and income of the receivership estate; -- All accounting records, accounting software, computers, laptops, passwords, books of account, general ledgers, accounts receivable records, accounts payable records, cash receipts records, checkbooks, accounts, passbooks, and all other accounting documents; -- All insurance policies to be provided to the Receiver immediately, including workers' compensation, business, liability and property damage coverage, name and address of insurance companies, amount of coverage and expiration dates of each policy; -- All persons or entities acting under Borrower's direction or on its behalf are ordered deliver to the Receiver all rents, revenues, issues, receivables, profits, and security deposits of and from the Property, which may yet come into their possession or come under their control after entry of this Order. Fannie Mae or the Receiver may seek discharge of the Receiver upon 14 days' notice to all parties and to the Court. Subject to further Court order, with notice and opportunity to be heard and right to object by any party or any interested party, and in compliance with the timelines, methods of service, and other rules outlined in the Federal Rules of Civil Procedure: If for any reason the Receiver is discharged before this Court enters judgment of foreclosure or the dismissal of this case, but the Court deems a receiver is still necessary, Fannie Mae shall be entitled to designate a successor receiver. No lien, claim, or other security interest in the Property shall be affected by this Order, nor shall the appointment impair Fannie Mae’s right or ability to proceed with any nonjudicial foreclosure of the Property now posted or hereafter posted by Fannie Mae, with the express understanding that foreclosure of the Property may occur without further Court order. Notwithstanding any other term of this Order, Fannie Mae and FHFA, as Conservator of Fannie Mae, retain and may exercise without further Court approval any of their rights under the Loan Documents and HERA. About NB The Village at Gresham, LLC NB The Village at Gresham, LLC owns an apartment complex situated in Multnomah County, Oregon with a street address of 3087 NE Rene Avenue, Gresham, Oregon 97030. NB is facing a receivership case captioned as Federal National Mortgage Association v. NB The Village at Gresham, LLC, Case No. 3:25-cv-00055 (D. Ore.), before the Hon. Karin J. Immergut. The case was filed on Jan. 10, 2025. Attorneys for Plaintiff Federal National Mortgage Association: Holly C. Hayman, Esq. FARLEIGH WADA WITT 121 SW Morrison Street, Suite 600 Portland, OR 97204 Tel: (503) 228-6044 E-mail: Hhayman@fwwlaw.com Attorneys for Defendant NB The Village at Gresham, LLC Garrett Ledgerwood, Esq. MILLER NASH LLP 1140 SW Washington St, Ste 700 Portland, OR 97205 Tel: (503) 224-5858 Fax: (503) 224-0155 E-mail: garrett.ledgerwood@millernash.com OAKTREE OCALA: Amends CPIF Secured Claim Pay Details ---------------------------------------------------- Oaktree Ocala JV, LLC, and ASAP Highline Ocala, LLC, submitted a Disclosure Statement for First Amended Plan of Reorganization dated March 27, 2026. The Plan is being proposed as a joint plan of reorganization of the Debtors for administrative purposes only and constitutes a separate chapter 11 plan of reorganization for each Debtor. CPIF Resolution CPIF filed a Claim against each Debtor for $16,616,255.96. The Debtors and CPIF have reached a compromise and settlement that resolves all issues with respect to CPIF's Claims and ASAP's defenses and counterclaims. Under the settlement, CPIF will have an Allowed Secured Claim against ASAP for $14,000,000.00. On the Effective Date, CPIF shall receive an initial payment of $1,500,000.00; (ii) monthly interest payments at the non-default contract rate of 11.5% on the remaining portion of the Claim until such Claim is paid in full; and (iii) (A) payment, in full, in Cash, of the balance of the Allowed Claim, e.g., the sum of $12,500,000.00, provided such payment is received by the expiration of the Forbearance Period; or (B) if payment, in full, of the balance of such Claim is not received by the expiration of the Forbearance Period, title to the Property will vest in the name of CPIF (or its designee), at CPIF's option, through either (1) the DIL Agreement and the DIL Documents or (2) the Consent Judgment or the Alternative Consent Judgment. In addition, CPIF shall release the Guarantors upon satisfaction of its Allowed Claim through either (a) payment in full on account of its Allowed Claim or (b) title to the Property vesting in the name of CPIF (or its designee), at CPIF's option, through either (1) DIL Agreement and the DIL Documents or (2) the Consent Judgment or the Alternative Consent Judgment. Class 4 consists of CPIF Secured Claim against ASAP. The Debtors will pay this claim as follows: (i) On the Effective Date, an initial payment of $1,500,000.00 on account of such Claim; (ii) monthly interest payments at the nondefault contract rate of 11.5% on the remaining portion of the Allowed CPIF Claim until such Claim is paid in full, with such interest payments payable in accordance with the payment schedule annexed as Exhibit B to the Forbearance Agreement; and (iii) (A) payment, in full, in Cash, of the balance of the Allowed CPIF Secured Claim, e.g., the sum of $12,500,000.00, provided such payment is received by the expiration of the Forbearance Period; or (B) if payment, in full, of the balance of the Allowed CPIF Secured Claim is not received by the expiration of the Forbearance Period, title to the Property will vest in the name of CPIF (or its designee), at CPIF's option, through either (1) the DIL Agreement and the DIL Documents or (2) the Consent Judgment or the Alternative Consent Judgment. The amount of claim in Class 4 total $14,000,000. This Class will receive a distribution of 100% of their allowed claims. Like in the prior iteration of the Plan, each Holder of an Allowed General Unsecured Claim in Class 5 shall receive on account of such Claim payment in full, without interest, on the Effective Date or as soon thereafter as reasonably practicable (or if payment is not then due, shall be paid in accordance with its terms in the ordinary course). Class 5 is impaired by the Plan. The allowed unsecured claims total $23,000. This Class will receive a distribution of 100% of their allowed claims. The Reorganized Debtors shall fund distributions under the Plan with (a) Cash on hand and further Cash generated through operations; and (b) Cash provided by the Investors. The Investors will provide up to $3,000,000 in Cash to fund ASAP's initial $1,500,000.00 payment to CPIF on account of its Allowed Secured Claim, to pay Allowed Secured Tax Claims, to pay Allowed Professional Fee Claims, and to fund the Interest Reserve. Notwithstanding anything contained in the CPIF Loan Documents to the contrary, in exchange for such investment, the Investors will receive 100% of the Interests in the Reorganized Oaktree. A full-text copy of the Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=H53YYn from PacerMonitor.com at no charge. About Oaktree Ocala JV LLC Oaktree Ocala JV, LLC is a real estate lessor operating under NAICS code 5311. It is based in Suffern, N.Y., with apparent operations in Ocala, Florida. It operates as a joint venture in the real estate leasing sector. Oaktree Ocala JV and ASAP Highline Ocala, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-22701) on July 29, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Sean H. Lane oversees the case. The Debtors' Counsel: Kenneth M. Lewis, Esq. Paul M. Nussbau, Esq. WHITEFORD, TAYLOR & PRESTON L.L.P. 444 Madison Avenue, 4th Floor New York, NY 10022 Tel: (914) 761-8400 E-mail: klewis@whitefordlaw.com pnussbaum@whitefordlaw.com PALMETTO THERAPY: Employs Law Office of Michael W. Mogil as Counsel ------------------------------------------------------------------- Palmetto Therapy Services, Inc. seeks approval from the U.S. Bankruptcy Court for the District of South Carolina to employ the Law Office of Michael W. Mogil, P.A. to serve as its attorney. The firm will provide these services: (a) filing of petitions, statements and schedules; (b) applications to retain professions; (c) applications to sell property; (d) preparation and filing of disclosure statements and plans; (e) defense of motions for relief from stay and motions to dismiss; (f) appearances at all hearings and matters, except those matters which arise solely by virtue of the post-petition conduct of Debtor's principal; and (g) all services necessary and in connection with a Chapter 11 representation. According to the filings, the Debtor deposited with the firm a retainer of $6738 to be applied towards pre-petition attorney fees and filing fees and expenses. The firm's hourly compensation rates are: - $400 for Michael W. Mogil - $200 for any associate attorney work - $100 for paralegal work. The Law Office of Michael W. Mogil, P.A. is a "disinterested person within the meaning of 11 U.S.C. Sec. 101(14)," according to the Application. The firm can be reached at: Michael W. Mogil Law Office of Michael W. Mogil, P.A. 2 Corpus Christie Place, Ste. 200 Hilton Head Island, SC 29928 Telephone: (843) 785-8110 Email: mmogil@mogillaw.com About Palmetto Therapy Services Inc. Palmetto Therapy Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.S.C. Case No. 26-01041) on March 8, 2026, with up to $50,000 in assets and liabilities. Judge Elisabetta Gm Gasparini presides over the case. Michael W. Mogil, Esq., represents the Debtor as legal counsel. PCP GROUP: Court Extends Cash Collateral Access to May 13 --------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York entered its ninth interim order authorizing PCP Group, LLC to continue using cash collateral to fund operations. The court extended the Debtor's authority to use cash collateral until May 13 in accordance with its budget, subject to a 10% variance per line item. The Debtor projects total operating disbursements of $1,392,400 for April and $1,370,400 for May. As adequate protection, secured creditors, Valley National Bank and Vox Funding, LLC, will be granted replacement liens on post-petition assets, subject to the fee carveout; and superpriority administrative expense claims under Section 507(b) of the Bankruptcy Code. The interim order also approved the monthly payments of $100,000 to Valley and $50,000 to Vox as additional protection and directed the Debtor to provide them with monthly reconciliation reports. Termination events under the interim order include dismissal or conversion of the Debtor's Chapter 11 case; appointment of a Chapter 11 trustee or examiner with expanded powers; failure to comply with the interim order that is not cured after two days written notice; termination of the interim order by the court; reversal or vacatur of the interim order; and the Debtor granting any post-petition liens or security interests other than those granted under the interim order. The next hearing is scheduled for May 13. The order is available at http://bankrupt.com/misc/PCPGroup_9thCCOrder.pdf About PCP Group PCP Group LLC, a company in Clearwater, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-42448) on June 10, 2024, with up to $50,000 in assets and up to $50 million in liabilities. John S. Haskell, chairman and chief executive officer of PCP Group, signed the petition. Judge Nancy Hershey Lord oversees the case. The Debtor is represented by Brian J. Hufnagel, Esq., at Morrison Tenenbaum, PLLC. Fred Stevens, Esq., a partner at Klestadt Winters Jureller Southard & Stevens, LLP, has been appointed as examiner. PHASE TO PHASE: Seeks Approval to Hire DeMarco Mitchell as Counsel ------------------------------------------------------------------ Phase to Phase, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire DeMarco∙Mitchell, PLLC to serve as counsel. DM will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm's current hourly rates are: Robert T. DeMarco $450 Michael S. Mitchell $400 Paralegal Barbara Drake $125 A retainer of $15,500 was paid to DM prior to filing. Of this amount, $4,541.67 in fees and $4.63 in expenses were incurred prepetition, leaving a trust balance of $10,953.70. DM is a "disinterested person," as the application states that the firm "does not have any connection with the Debtor, its creditors or any other party in interest." The firm can be reached at: Michael S. Mitchell, Esq. DeMarco∙Mitchell, PLLC 500 N. Central Expressway Suite 500, PMB 120 Plano, TX 75074 Tel: (972) 578-1400 Fax: (972) 346-6791 Email: mike@demarcomitchell.com About Phase To Phase, LLC Phase To Phase, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-40955) on March 23, 2026. In the petition signed by Jonathan Andrew Bridgers, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Michael S. Mitchell, Esq., at DeMarco Mitchell, PLLC, represents the Debtor as legal counsel. PHOTIZO LLC: Douglas Adelsperger Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for Photizo LLC. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger 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 R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About Photizo LLC dba Fish Window Cleaning Photizo LLC, doing business as Fish Window Cleaning, owns and operates a franchise-owned commercial and residential window cleaning business known as Fish Window Cleaning. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D. Ind. Case No. 23 02065) on May 16, 2023. The Debtor hires Hester Baker Krebs LLC as counsel. PICO-UNION HOUSING: Seeks Continued Cash Collateral Access ---------------------------------------------------------- Pico-Union Housing Corporation asks the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, for authority to continue using cash collateral and provide adequate protection. The Debtor explains that it relies heavily on rental income and other funds generated from its real estate portfolio—primarily affordable housing properties in Southern California—to sustain operations. Without access to this cash collateral, the Debtor argues it would be unable to maintain its business, manage its properties, or administer the bankruptcy estate effectively for the benefit of creditors. The request builds upon an earlier emergency motion and interim order that already allowed limited use of cash collateral, and it is supported by prior declarations, supplemental filings, and detailed property-level budgets outlining projected income and expenses. The Debtor provides background on its financial structure, noting that it owns multiple properties encumbered by loans from several secured creditors, including Bank of Hope, Pacific West Mortgage Fund, Mission Valley Bank, PMF CA REIT, Nvestor Funding, and Beth El Synagogue. These lenders hold security interests in the Debtor's real estate and the rental income generated from those properties. Additionally, another party, Impact Mortgage Opportunities Fund, has asserted prejudgment liens against certain assets, though the Debtor contends these liens are junior, potentially avoidable, and should not impair the rights of the primary secured creditors. The Debtor reports having limited cash on hand post-petition and explains that all incoming funds are being properly managed through debtor-in-possession accounts in compliance with court requirements. The Debtor proposes to use such funds strictly in accordance with detailed budgets, primarily for property-level expenses and operational needs, with a requested flexibility of up to a 10% variance from projected expenditures. The Debtor also offers multiple forms of adequate protection to secured creditors, including granting replacement liens on post-petition assets (excluding avoidance action proceeds), making monthly payments equivalent to prepetition debt service where necessary, segregating cash by property and lender, and providing regular financial reporting. The Debtor argues that the secured creditors are already well-protected, primarily due to a substantial equity cushion. The Debtor estimates that its properties are worth nearly $40 million, compared to approximately $15.6 million in secured debt, resulting in an equity cushion of about 61%, which far exceeds thresholds recognized by courts as sufficient protection. The Debtor further argues that continued operation of its housing business will preserve or even enhance the value of the collateral, whereas forcing liquidation would reduce asset value and harm all stakeholders. It emphasizes that maintaining operations aligns with the fundamental goal of Chapter 11—to allow reorganization rather than liquidation. A hearing on the matter is set for April 7, 2026 at 11 a.m. A copy of the motion is available at https://urlcurt.com/u?l=YwRFNY from PacerMonitor.com. About Pico-Union Housing Corporation Pico-Union Housing Corporation is a Los Angeles-based nonprofit housing developer and property manager that develops, preserves, and operates affordable housing for low- and very-low-income households, primarily in the Pico-Union neighborhood and other areas of the city. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12372 on March 12, 2026. In the petition signed by Gloria Farias, executive director, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Vincent P. Zurzolo oversees the case. David M. Goodrich, Esq., at GOLDEN GOODRICH LLP, represents the Debtor as legal counsel. PLAZA CONTINENTAL: Case Summary & 17 Unsecured Creditors -------------------------------------------------------- Debtor: Plaza Continental Group LLC 520 Newport Center Drive, Suite 480 Newport Beach, CA 92660 Business Description: Plaza Continental Group LLC, a Newport Beach, California-based limited liability company, owns a retail and office property located at 3700 Inland Empire Blvd in Ontario, California, which serves as its primary asset. Classified as a single asset real estate (SARE) entity, the company derives substantially all of its revenue from this property, primarily through leasing space to commercial tenants. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10986 Judge: Hon. Mark D Houle Debtor's Counsel: William J. Wall, Esq. WALL LAW OFFICE 26895 Aliso Creek Rd #B-110 Aliso Viejo CA 92656-5301 Tel: (949) 387-4300x105 E-mail: wwall@wall-law.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Rafael Duarte as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IGI6FHA/Plaza_Continental_Group_LLC__cacbke-26-10986__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 17 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Vierergruppe Management Inc. $158,389 1932 East Deere Avenue Suite 150 Santa Ana, CA 92705 Tel: (714) 442-0625 2. Joses Nuevo Landscaping LLC $34,980 3857 Birch Street Suite 209 Newport Beach, CA 92660 3. A & M Cleaning Services $25,350 45 La Porte Street Arcadia, CA 91006 4. City of Ontario $23,174 PO Box 8000 Ontario, CA 91761 5. Ontario Center Owners $18,374 Association P.O. Box 1040 Chino, CA 91708 6. Sain Builders $6,550 147 Hart Bench Rd Darby, MT 59829 7. Moises Camacho $5,950 5590 W. Mission Blvd. Ontario, CA 91762 8. Southern California Edison $5,822 P.O. Box 300 Rosemead, CA 91772-0001 Tel: (800) 655-4555 9. Arrowhead Group, Inc dba Basic $2,911 Backflow 3424 Del Rosa Ave San Bernardino, CA 92404 10. Trend Systems Group $2,490 2126 S. Standard Avenue Santa Ana, CA 92707 11. 4 Seasons Air, Inc. $2,269 8585 Katella Avenue Stanton, CA 90680 Tel: (800) 850-5553 12. American Jetting Services $1,575 P.O Box 1699 Ontario, CA 91762 Tel: (800) 538-8426 13. Pestgon, Inc. $1,200 3612 Ocean Ranch Rd Oceanside, CA 92056 Tel: (800) 724-8100 14. C.S.I. Patrol Service, Inc. $1,080 3605 Long Beach Blvd #205 Long Beach, CA 90807-4024 15. Western Exterminator Company $1,011 PO Box Box 740608 Cincinnati, OH 45274 16. Executive Lighting and Electric $630 Anaheim, CA 92806 1141 North Cosby Way, Ste A Anaheim, CA 92806 17. Smart Key Locksmith $260 25211 Sunnymead Blvd Ste C-4 Moreno Valley, CA 92553-4100 PORTLAND HUNT: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Portland Hunt & Alpine Club LLC 75 Market St Portland, ME 04101 Business Description: Portland Hunt & Alpine Club LLC, founded in 2013 and based in Portland, Maine, operates Hunt & Alpine, a cocktail bar and dining venue in the Old Port district that blends craft spirits with Scandinavian-inspired small plates in a minimalist, hospitable setting. The bar's cocktail program has been recognized with James Beard semi-finalist nominations for Outstanding Bar Program and named among the best cocktail bars in America by industry outlets, drawing both local patrons and visitors seeking premium drinks and social dining experiences. Its primary customers are adult beverage enthusiasts and diners seeking elevated cocktails paired with curated bar fare, and it supports private events alongside regular bar and small-plate service. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court District of Maine Case No.: 26-20076 Judge: Hon. Michael A. Fagone Debtor's Counsel: Tanya Sambatakos, Esq. MOLLEUR LAW OFFICE 190 Main St., 3rd Floor Saco, ME 04072 E-mail: tanya@molleurlaw.com Total Assets: $33,868 Total Liabilities: $1,318,813 The petition was signed by Andrew M. Volk as 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/DVYDZMA/Portland_Hunt__Alpine_Club_LLC__mebke-26-20076__0001.0.pdf?mcid=tGE4TAMA POWER BLOCK: Court to Appoint Case Trustee ------------------------------------------ The Hon. Cathleen D. Parker of the U.S. Bankruptcy Court for the District of Utah concludes that the appointment of a Chapter 11 trustee in the bankruptcy case of Power Block Coin, L.L.C. at this stage of the proceedings is in the best interests of creditors. Because of the increasing administrative fees in this case and the inability to get the Official Committee of Unsecured Creditors to agree to any form of plan, Debtor concedes plan confirmation is not feasible and fighting to keep Debtor in possession does not benefit creditors. In fact, Debtor no longer wants to remain in possession. While it denies the Committee's allegations, Debtor chooses not to challenge them since it recognizes placement of an independent trustee is best for creditors. However, Debtor objects to the Court appointing a Chapter 11 Trustee. So while the parties disagree on whether the case should be converted to Chapter 7 or remain in Chapter 11 (though under the control of a trustee), they agree on two salient points: first, a trustee of one stripe or another should be in control of this estate rather than Debtor; and second, whether that trustee should be one under Chapter 7 or 11 depends principally on which choice will be in the best interests of creditors. The Committee has pursued multiple 2004 exams and still struggles to have an accurate picture of Debtor's financial situation. The Committee asserts, however, that Debtor's most important assets include insider transfers and digital assets potentially valued at over $700,000. The Court cannot determine at this time what the value of these and other assets are. The Committee has asserted that unsecured claims total approximately $200 million. On Oct. 21, 2025, the Committee filed its Motion to Appoint Chapter 11 Trustee. Creditor Mason Song and the United States Trustee -- at least initially -- joined the Committee in the Motion to Appoint. Creditors Jason Brown and Daniel Stadelmann support appointing a Chapter 11 Trustee. Following the Committee's Motion to Appoint, Debtor filed its own motion to convert the case to Chapter 7. After the hearing on the Motion to Appoint and the Motion to Convert, creditors/investors Kathleen Conger, Douglas Scribner (a member of the Committee), Mark Nelson, and Michael Brewer joined Debtor in seeking conversion. Debtor asserts there is no longer an operating business, which is the usual reason to remain in Chapter 11. It argues a plan cannot be confirmed because the estate is administratively insolvent and the insolvency will only grow if the case remains in Chapter 11. Debtor's primary argument is that creditors will recover more through an efficient estate administration as opposed to ongoing expensive and protracted disputes. However, Debtor acknowledges that "chapter 7 is a significantly worse outcome than the payout the Committee, Celsius, and the affiliates negotiated under the Committee's own joint plan proposal," but argues there is no indication the Committee will confirm a plan consistent with this prior agreement. The Committee asserts a Chapter 11 Trustee is of greater benefit to creditors over a Chapter 7 Trustee for three primary reasons: 1) A Chapter 11 Trustee can be appointed with more expertise in cryptocurrency than a Chapter 7 Trustee; 2) There would be less wasted time getting a Chapter 11 Trustee up to speed with the help of the Committee and its professionals; and 3) A Chapter 11 Trustee would not be as restrained by the in pari delicto defense as a Chapter 7 Trustee. Debtor asserts a plan cannot be confirmed because of the increased administrative expenses. However, the Committee represents that the Committee and its professionals intend to manage the administrative fees in a way that permits a Chapter 11 Trustee to recover value for the estate. The Committee has agreed to defer fees so they are not due on the effective date of the plan, and both candidates the Committee has interviewed have agreed to work on a contingency basis. This efficiency and expediency should counter the increased costs in remaining in Chapter 11 as opposed to conversion. The Committee acknowledges the plan will have to address Debtor's counsel's fees, but asserts that with trustee oversight, there are sufficient assets that can create funds to pay those fees including cryptocurrency inventory, amounts owed under the Blue Castle Note and settlement of potential claims. Debtor asserts the Committee prefers staying in Chapter 11 so it can continue to earn and incur fees. Given Debtor's arguments there are insufficient assets to pay these fees, it makes little sense for the Committee to continue to pursue the case unless they have sufficient confirmation of valuable estate assets to support these ongoing fees. The Court acknowledges there is risk that fees leave little to nothing for creditors, a fact it will be cognizant of at the time parties request fees. However, nothing in the record establishes a Chapter 7 Trustee can return more to creditors at this point. The Court concludes that the Motion to Convert should be denied under Sec. 1112(f), and the Motion to Appoint should be granted under Sec. 1104(a)(2). A copy of the Court's Order dated March 23, 2026, is available at https://urlcurt.com/u?l=osZACJ from PacerMonitor.com. About Power Block Coin, L.L.C. Power Block Coin, LLC, a company in Orem, Utah, conducts business as SmartFi. SmartFi is a unique monetary system, which combines monetary policy with the freedoms of cryptocurrency to create a self-sustaining open-lending platform, providing the holders of SmartFi Token the opportunity to manage the system and become the beneficiaries of the wealth creation that would otherwise accrue to traditional banks. Power Block Coin filed its voluntary petition for Chapter 11 protection (Bankr. D. Utah Case No. 24-23041) on June 20, 2024, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Aaron Tilton, officer, signed the petition. Judge Joel T Marker oversees the case. The Debtor tapped Parsons Behle & Latimer as legal counsel and CFO Solutions L.L.C., a Utah limited liability company, as accountant and financial advisor. PRO ROOFING: Updates Administrative & IRS Claims Pay Details ------------------------------------------------------------ Pro Roofing and Construction, LLC, submitted a Second Amended Plan of Reorganization dated March 27, 2026. This Plan proposes to pay creditors from future income of the business by continuing operations and reorganizing its current debts. The Debtor proposes to pay allowed unsecured claims based on the liquidation analysis and cash available. Debtor anticipates having enough business and cash available to fund the plan and pay the creditors pursuant to the proposed plan. It is anticipated that after confirmation, the Debtor will continue in business. Based upon the projections, the Debtor believes it can service the debt to the creditors. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into four classes of Claimants. These claimants will receive cash repayments over a period of time beginning on or after the Effective Date. Class 1-1 consists of the Allowed Administrative Claims of Professionals and Subchapter V Trustee These claims will be paid in full by the Effective Date of this Plan. Professional fees are subject to approval by the Court as reasonable. Debtor's attorney's fees approved by the Court and payable to Herrin Law, PLLC will be paid immediately following the later of Confirmation or approval by the Court out of the available cash. The Subchapter V Trustee fees will be paid immediately following the later of Confirmation or approval by the Court out of the available cash. The Debtor's case will not be closed until all allowed Administrative Claims are paid in full. Class 1 Creditor Allowed Claims are estimated as of the date of the filing of this Plan to not exceed the amount of $40,000.00. Class 1-2 consists of the Internal Revenue Service. The IRS Priority Claim consists of WT-FICA Obligations in the amount of $33,752.00. Following the Effective Date and net of payments made by Debtor following the Petition Date on account of the IRS Priority Claim, the IRS shall receive deferred monthly cash payments over a period of five years from following the Effective Date in accordance with the time period allowed under Section 1129(a)(9)(c) of the Bankruptcy Code. The monthly payments Reorganized Debtor shall be remitted to the IRS $563.54. Class 3 Claimants consists of Allowed Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at zero percent per annum over the next five years according to the projections. Creditors shall receive monthly disbursements based on the projection distributions of each 12-month period. Debtor will distribute $51,000.00 to the general allowed unsecured creditor pool over the 5-year term of the plan, including the under-secured claim portions. The Debtor's General Allowed Unsecured Claimants will receive 6.20% of their allowed claims under this plan. In accordance with Section 1191(c)(2) of the Bankruptcy Code, in the event this Plan is confirmed pursuant to Section 1191(b) of the Bankruptcy Code, the Debtor commits that all of its projected disposable income, as that term is defined in Section 1191(d) of the Bankruptcy Code, to be received during the five-year period following the Effective Date, or such longer period as the Court may approve, shall be applied to make payments under this Plan. The distributions to holders of Allowed Unsecured Claims under Class 3, including the aggregate distribution of $51,000.00 over the five-year Plan term, represent the Debtor's projected disposable income based upon the financial projections. No disposable income of the Debtor is being retained by equity holders during the Plan term. The allowed unsecured claims total $822,338.54. The Debtor anticipates the continued operations of the business to fund the Plan. The Debtor believes that the projections are accurate based upon the accounts receivable and the work currently on the books. Based upon the projections, the Debtor believes the Plan to be feasible. A full-text copy of the Second Amended Plan dated March 27, 2026 is available at https://urlcurt.com/u?l=LMX8Ef from PacerMonitor.com at no charge. Counsel to the Debtor: C. Daniel Herrin, Esq. Herrin Law, PLLC 12001 N. Central Expy, Suite 920 Dallas, TX 75243 Tel: (469) 607-8551 Fax: (214) 722-0271 About Pro Roofing and Construction Pro Roofing and Construction, LLC, offers long-lasting roofing solutions tailored to each customer's unique needs. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-4294) on Oct. 1, 2025, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Daniel Herrin, at Herrin Law, PLLC represents the Debtor as counsel. QUILLA PAINTING: Seeks to Hire Gamberg & Abrams as Counsel ---------------------------------------------------------- Quilla Painting, Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Thomas L. Abrams, Esq. and the law firm of Gamberg & Abrams to serve as general bankruptcy counsel. Mr. Abrams and G&A 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) attend meetings and negotiate with representatives of creditors and other parties-in-interest and advise on the conduct of the case, including all legal and administrative requirements of operating in Chapter 11; (c) advise on matters relating to the evaluation of the assumption, rejection, or assignment of unexpired leases and executory contracts; (d) provide advice with respect to legal issues arising in or relating to the Debtor's ordinary course of business; (e) take all necessary action to protect and preserve the Debtor's estates, including prosecuting actions on their behalf, defending actions against the estates, negotiating litigation matters, and objecting to claims; (f) prepare all motions, applications, answers, orders, reports, and papers necessary to the administration of the estates; (g) negotiate and prepare on the Debtor's behalf a plan of reorganization, disclosure statement, and related documents and take any action necessary to obtain confirmation; (h) attend meetings with third parties and participate in negotiations; (i) appear before the Court, appellate courts, and the U.S. Trustee to protect the interests of the Debtor estate; and (j) perform all other necessary legal services and provide legal advice to the Debtor in connection with these Chapter 11 cases. Mr. Abrams will receive an hourly rate of $500, Jared L. Gamberg $450, and paralegals $150 per hour. Gamberg & Abrams 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: Thomas L. Abrams, Esq. GAMBERG & ABRAMS 1213 S.E. Third Avenue, Second Floor Fort Lauderdale, FL 33316 Telephone: (954) 523-0900 E-mail: tabrams@tabramslaw.com About Quilla Painting, Corp. Quilla Painting, Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-13901-LMI) on March 30, 2026. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $500,001 and $1 million. Gamberg & Abrams is Debtor's legal counsel. R.C. CONSTRUCTION: Unsecureds Will Get 20.36% over 5 Years ---------------------------------------------------------- R.C. Construction, LLC, submitted a First Modified Combined Plan of Reorganization and Disclosure Statement dated March 27, 2026. The financial issues and collection actions, including the state court actions as well as levies and threatened levies on the Debtor's Business' accounts and receivables, necessitated the Debtor seeking reorganization through this Chapter 11 case. Through this plan of reorganization, the Debtor intends to rehabilitate its Business and emerge from bankruptcy. Class 2 consists of General Unsecured Claims. The Debtor proposes to make twenty quarterly distributions of $13,408.95 on allowed general unsecured claims, commencing on September 15, 2026, totaling $268,179.00, representing a 20.36% pro rata distribution. Total distributions are contingent on the final amount of administrative and priority claims, and upon the allowance of disputed general unsecured claims. The allowed unsecured claims total $1,317,053.09. The Debtor is a limited liability company. Rui Da Silva Costa owns the Debtor's equity and shall retain his interests in the Debtor. The Plan provides for all the Debtor's assets to revest in the Debtor post-confirmation pursuant to Section 1141 of the Bankruptcy Code. The Debtor proposes to fund its Plan using its projected net disposable income from its operation of its Business over a five-year period commencing on the Petition Date, which is currently projected at $452,621.00. The Debtor submits that this Plan is feasible considering this projected disposable income. The Debtor will implement the Plan by contributing its net disposable income to fund its Plan of Reorganization. On Confirmation of the Plan, all property of the Debtor, tangible and intangible, including, without limitation, licenses, furniture, fixtures and equipment, will revert, free and clear of all Claims and Equitable Interests except as provided in the Plan, to the Debtor. The Debtor expects to have sufficient cash on hand to make the payments required on the Effective Date. A full-text copy of the First Modified Combined Plan of Reorganization and Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=SuFuWI from PacerMonitor.com at no charge. Counsel to the Debtor: MIDDLEBROOKS SHAPIRO, P.C. Joseph M. Shapiro, Esq. P.O. Box 1630 Belmar, New Jersey 07719-1630 (973) 218-6877 About R.C. Construction LLC R.C. Construction, LLC, provides primarily residential construction services in New Jersey and, to some extent, in New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 25-19241) on September 3, 2025. In the petition signed by Rui Da Silva Costa, managing member, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Stacey L. Meisel oversees the case. Melinda Middlebrooks, Esq., at Middlebrooks Shapiro, P.C., represents the Debtor as legal counsel. REGISTER MEAT: Seek to Hire RJOrner & Company as Expert Witness --------------------------------------------------------------- Register Meat Company, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida, Tallahassee Division, to employ Ryan Jon Orner of RJOrner & Company, LLC as its expert witness and forensic accounting consultant. Mr. Orner will provide these services: (a) conduct a comprehensive forensic analysis of the account history between the Debtor and Uncle John's Pride Meat Co., Inc. d/b/a UJZ Food Solutions to determine the accurate balance owed, if any; (b) analyze and quantify the preference payments made to UJZ within the 90-day preference period under 11 U.S.C. Sec. 547, including analysis of ordinary course of business and contemporaneous exchange defenses; (c) identify and quantify any overcharges by UJZ against the Debtor during the course of their business relationship; (d) prepare expert reports and analyses suitable for use in litigation, including any adversary proceeding for preference recovery and any claims objection proceedings; and (e) provide expert testimony at deposition, hearing, or trial as may be required. RJOrner & Company, LLC will be compensated at a rate of $295 per hour, with a retainer of $8,950, subject to court approval. According to the filings, Mr. Orner and RJOrner & Company, LLC are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Ryan Jon Orner RJOrner & Company, LLC Telephone: (212) 535-9593 Mobile: (202) 329-5559 E-mail: rjorner@rjorner.com About Register Meat Company Inc. Register Meat Company, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50003) on January 06, 2026. Judge Karen K. Specie presides over the case. Michael Howard Moody, Esq. at Michael H. Moody Law P.A. represents the Debtor as legal counsel. RELIZ TECHNOLOGY: Gets Extension to Use Cash Collateral ------------------------------------------------------- Reliz Technology Group Holdings, Inc. and affiliates received second interim approval from the U.S. Bankruptcy Court for the District of Delaware for authority to use cash collateral. Under the second interim order, the Debtors are authorized to use up to $5 million in cash collateral to support ongoing business operations, including vendor payments and administrative expenses. The Debtors' right to use cash collateral terminates at 11:59 p.m. (New York time) on April 16, unless extended by order or consent of Celsius Network Ltd., the Debtors' pre-bankruptcy secured lender; or upon entry of a court order terminating use due to noncompliance. The Debtors were initially authorized to access cash collateral under the court's March 18 interim order. That authorization expired on March 31. As protection for any diminution in the value of its collateral, Celsius will receive valid, perfected replacement liens on the Debtors' assets, including pre-petition collateral and its proceeds, subject only to prior senior liens on the pre-petition collateral. The replacement liens do not apply to any Chapter 5 claims or causes of action. Celsius is also entitled to a superpriority administrative claim. The court scheduled a final hearing for April 16. The order is available at https://shorturl.at/CoAKt from PacerMonitor.com. 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) om 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. REYNA HOSPITALITY: Court Extends Cash Collateral Access to June 5 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York issued a fourth interim order granting Reyna Hospitality Group Inc. approval to use the cash collateral of its secured creditors. The court authorized the Debtor to use cash collateral through June 5 in accordance with its budget, subject to a 10% variance. Use beyond this period requires further court approval at the final hearing. The Debtor previously entered agreements with several merchant cash advance lenders (MCAs) which filed UCC-1 financing statements. However, the Debtor disputes the validity or perfection of the MCAs' liens. Additionally, the State of New York holds tax warrants against the Debtor for unpaid taxes. As protection, these creditors will be granted replacement liens on the Debtor's property, proceeds, and future assets. These replacement liens will have the same priority and extent as the secured creditors pre-bankruptcy liens, subject only to the carveout for U.S. Trustee fees and potential Chapter 7 trustee commissions. The replacement liens are deemed automatically perfected without additional filings and will not attach to proceeds from avoidance actions. The MCAs and New York State may assert superpriority claims under Section 507(b) if their interests diminish. The Debtor's authority to use cash collateral terminates immediately if any of the following occurs: conversion or dismissal of the bankruptcy case, confirmation of a Chapter 11 plan, uncured default, unauthorized modification of the order, or cessation of business operations. A final hearing is scheduled for May 27. Objections are due by May 20. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/rrKKc from PacerMonitor.com. About Reyna Hospitality Group Inc. Reyna Hospitality Group, Inc. operates a restaurant in New York City under the name Reyna New York. Reyna Hospitality Group sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12020) on September 16, 2025, listing up to $1 million in both assets and liabilities. Samuel Dawidowicz serves as Subchapter V trustee. Judge Lisa G. Beckerman oversees the case. Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP, represents the Debtor as legal counsel. RMMJ SERVICE: Case Summary & 17 Unsecured Creditors --------------------------------------------------- Debtor: RMMJ Service & Delivery LLC 43 Summit Street Elmsford, NY 10523 Business Description: RMMJ Service & Delivery LLC, based in Elmsford, New York, provides transportation and delivery services, specializing in local and interstate freight for property and general goods. Founded in 2006, the limited liability company holds USDOT and MC authority for regulated freight operations. Its activities involve managing a fleet of trucks to serve commercial clients across New York and neighboring states, offering dry van and full-truckload transport with a focus on regional logistics and local business support. Chapter 11 Petition Date: April 6, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-22341 Judge: Hon. Sean H Lane Debtor's Counsel: H Bruce Bronson, Esq. BRONSON LAW OFFICES PC 480 Mamaroneck Ave Harrison, NY 10528-1621 Tel: (914) 269-2530 Fax: (888) 908-6906 Email: hbbronson@bronsonlaw.net Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Rohan Mark Hunter as managing member. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4SWEUXY/RMMJ_Service__Delivery_LLC__nysbke-26-22341__0001.0.pdf?mcid=tGE4TAMA RMS HOLDING: S&P Withdraws 'B-' Issuer Credit Rating ---------------------------------------------------- S&P Global Ratings withdrew its 'B-' issuer credit rating on RMS Holding Co. LLC and discontinued its 'B-' issue-level rating on the company's first-lien facilities. These actions follow the completion of RMS' acquisition by General Atlantic on March 31, 2026. As part of the transaction, all the company's outstanding rated debt was repaid. At the time of the withdrawal, S&P's outlook on RMS was stable. SENIOR HOME: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Senior Home Health Care, LLC 7800 Metro Parkway Bloomington, MN 55425 Business Description: Senior Home Health Care, LLC, founded in 2012, provides in-home skilled nursing, physical therapy, occupational therapy, speech therapy, medical social work, CNA support and related services to seniors. The Medicare-certified agency operates as a regulated home health provider delivering intermittent medical care in patients' homes, with revenue driven primarily by Medicare reimbursement under a bundled payment system. It also generates per-visit revenue from commercial and government payers, including Blue Cross Blue Shield of Minnesota, HealthPartners, Medica and the U.S. Department of Veterans Affairs. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court District of Minnesota Case No.: 26-41044 Debtor's Counsel: Karl Johnson, Esq. MJB LAW FIRM PLLC 150 South Fifth Street Ste 3100 Minneapolis MN 55402 E-mail: karl@mjblawmn.com Total Assets: $566,832 Total Liabilities: $2,626,188 The petition was signed by Jeylani Hashi as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/L7QEPPY/Senior_Home_Health_Care_LLC__mnbke-26-41044__0001.0.pdf?mcid=tGE4TAMA SHERMAN DE LLC: Unsecureds to Get $5K per Month for 60 Months ------------------------------------------------------------- Sherman De LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement describing Plan of Reorganization dated March 27, 2026. The Debtor is the owner of real property in Sherman, Texas improved by a Holiday Inn Express & Suites hotel (the "Hotel"). Over the last few years, the Debtor's operating profits have declined due to a drop in room revenue. There was also water damage at the Property that resulted in an insurance claim on the Property and the need to repair several rooms. This led to the Debtor's inability to fully service its debt and ultimately the filing of this case. The Debtor scheduled total Unsecured Claims in the amount of $309,663.16. Class 5 consists of Allowed Unsecured Claims. These Claims shall be satisfied by the a) Debtor's monthly distribution of each Claimant's Pro Rata share of a pool of $5,000.00 per month to be contributed each month by the Debtor for a period of 60 months from the Effective Date. These Claims are Impaired, and the holders of these Claims are entitled to vote to accept or reject the Plan. Class 6 consists of Equity Interests. Equity Interests of the owners of the Debtor shall be retained; however, there will be no distributions or dividends paid on these Interests until Classes 1 to 5 are paid according this Plan. These Interests are not Impaired and are not entitled to vote to accept or reject the Plan. The Debtor intends to make all payments required under the Plan from the net profits earned from the operation of its business. The Debtor has an insurance claim that when collected should cover the furnishings that need to be replaced from the water damage claim. A full-text copy of the Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=Or1ENV from PacerMonitor.com at no charge. Counsel to the Debtor: Joyce W. Lindauer, Esq. Joyce W. Lindauer Attorney, PLLC 117 S. Dallas St. Ennis TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 About Sherman De LLC Sherman De LLC, based in Sherman, Texas, owns and manages a property operating under the Holiday Inn Express & Suites brand, participating in the hotels and motels industry, providing short-term lodging and related accommodation services. Sherman De LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-30498) on February 2, 2026, listing $1 million to $10 million in both assets and liabilities. Judge Stacey G Jernigan presides over the case. Joyce Lindauer, at JOYCE W. LINDAUER ATTORNEY, PLLC, serves as the Debtor's counsel. SHOW LOW: Claims to be Paid from Property Sale Proceeds ------------------------------------------------------- Show Low Development Partners, LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Plan of Reorganization dated March 27, 2026. SLDP is a foreign limited liability company authorized to conduct business within the State of Florida. The Debtor maintains its principal place of business at 1749 SE 59th Street, Ocala, Florida 34480 at the home office of its Vice President, Mr. Steve Holgate, which is where the Debtor also maintains substantially all of its books and records. The Debtor's decision to seek Chapter 11 protection stems from significant disruptions to its business caused by stagnant sale activity the Debtor was unable to fulfill its obligations under the seller-financing arrangement which led to payment demands and, later, a trustee's sale. Debtor is currently in discussions to sell its remaining parcels and intends to use the bankruptcy process to facilitate a sale for the benefit of its estate and creditors. All Claims against the Debtor shall be classified and treated pursuant to the terms of the Plan. The Plan designates Classes of Claims. There is (1) Class of Secured Claims; (1) Class of Unsecured Claims and (1) Class of Equity Interests. The Plan provides the respective Holders of Allowed Administrative Claims, Allowed Priority Claims, and Allowed Priority Tax Claims, if any, will be paid in full on the Effective Date, over time as permitted by the Bankruptcy Code. Class 2 consists of all Allowed General Unsecured Claims against Show Low Development Partners, LLC. In full satisfaction of the Allowed Class 2 General Unsecured Claims, Holders of Class 2 Claims shall receive a pro rata share of any remaining Sale Proceeds after satisfaction of Administrative Expense Claims, Priority Claims and the Class 1 Claims. Class 2 is Impaired. Class 3 consists of all equity interests in the Debtor. The Class 3 Interest Holder(s) shall retain their respective Interest in the Debtor in the same proportion such Interest were held as of the Petition Date. Class 3 is Unimpaired. The Plan contemplates the Debtor will continue to manage and operate its business through the Effective Date for a period of 6 months, during which time the Debtor will actively market and complete a sale of the Sale Property. In the event Debtor is unable to effectuate a sale of the Sale Property, then the Reorganized Debtor will effectuate the turnover of the Sale Property to the Class 1 Claimholders and dissolve its business. A full-text copy of the Disclosure Statement dated March 27, 2026 is available at https://urlcurt.com/u?l=5ykGFA from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel A. Velasquez, Esq. Latham Luna Eden & Beaudine LLP 201 S. Orange Avenue Suite 1400 Orlando, FL 32801 Tel: (407) 481-5800 Fax: (407) 481-5801 Email: dvelasquez@lathamluna.com About Show Low Development Partners, LLC Show Low Development Partners, LLC owns and manages real estate in Navajo County, Arizona, including a property of approximately 124 acres, focusing on land development and investment activities. Show Low Development Partners, LLC in Ocala, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 25-04254) on Nov. 18, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Steve Holgate as vice president, signed the petition. LATHAM LUNA EDEN & BEAUDINE LLP serves as the Debtor's legal counsel. SIGNMAKERS CUSTOM: Taps Totaro & Shanahan LLP as Legal Counsel -------------------------------------------------------------- Signmakers Custom Signage & Fabrication, LLC dba Signmakers seeks approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to hire Michael R. Totaro, Esq., Maureen J. Shanahan, Esq., and Totaro & Shanahan, LLP to serve as legal counsels. The firm and its attorneys will provide these services: (a) counsel the Debtor and Debtor-in-Possession through meetings and phone calls regarding the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Local Bankruptcy Rules, and the United States Trustee Guidelines; (b) prepare or amend documents concerning the petition and schedules, status reports, review and consultation concerning Monthly Operating Reports, and attend all hearings, including the Status Conference, Initial Debtors Interview, the meeting of creditors pursuant to Bankruptcy Code section 341(a), preparation of first day motions and employment applications, and all hearings on motions, the disclosure statement, and plan; (c) consult with Debtor concerning required documents and reports and coordinate with real estate counsel regarding title and other issues; (d) assist Debtor in preparing documents for compliance with the Office of the United States Trustee; (e) negotiate with secured and unsecured creditors regarding the amount and payment of their claims; (f) discuss with Debtor the Disclosure Statement and plan of reorganization; (g) prepare the Disclosure Statement and Chapter 11 Plan of Reorganization and any amendments/changes unless filed as a Sub-V case; (h) submit ballots to creditors, tally ballots, and submit results to the Court; (i) respond to objections to the disclosure statement and/or plan; (j) negotiate with creditors regarding values and the plan of reorganization; (k) respond to motions for relief from stay, motions to dismiss, or other contested matters; (l) oversee litigation if anticipated, with Debtor's approval. Mr. Totaro will receive an hourly rate of $650 and an hourly rate of $200 is for paralegals. Totaro & Shanahan, LLP 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: Michael R. Totaro, Esq. Maureen J. Shanahan, Esq. TOTARO & SHANAHAN, LLP P.O. Box 789 Pacific Palisades, CA 90272 Telephone: (310) 804 2157 E-mail: Ocbkatty@aol.com About Signmakers Custom Signage & Fabrication, LLC Signmakers Custom Signage & Fabrication, LLC dba Signmakers sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Cal. Case No. 2:26-bk-13217) on April 2, 2026. Judge Deborah J Saltzman oversees the case. Totaro & Shanahan, LLP is Debtor's legal counsel. SLOAN VENTURES: Taps Quality Realty as Real Estate Broker --------------------------------------------------------- Sloan Ventures LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Quality Realty to serve as real estate broker. The firm will provide these services: (a) broker the sale of the real property located at 8199 Eagle Ridge Road, Kingston, Oklahoma; (b) broker the sale of the real property located at 8795 Lake View Drive, Kingston, Oklahoma; and (c) market and sell the Property, as the Broker "specializes in marketing and selling real property." The Broker will receive compensation equal to six percent (6%) of the sales price of each Property, as set forth in the Listing Agreements. According to the Application, the broker "does not presently hold or represent any interest adverse to the interest of the Debtor or its estate and is disinterested within the meaning of 11 U.S.C. Sec. 101(14)." The firm can be reached at: Quality Realty 2836 W. University Blvd #122 Durant, OK 74701 Telephone: (580) 920-1644 E-mail: vhaney123@yahoo.com About Sloan Ventures LLC Sloan Ventures LLC is classified as a single-asset real estate debtor under U.S. bankruptcy law, specifically defined in 11 U.S.C. Section 101(51B). Sloan Ventures LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex., Case No. 25-34622) on November 20, 2025. In its petition, the Debtor reports estimated assets and liabilities of $1 million-$10 million and estimated liabilities of $1 million-$10 million. Judge Michelle V. Larson oversees the case. Joyce W. Lindauer Attorney, PLLC is Debtor's legal counsel. SMILES AROUND: U.S. Trustee Seeks Chapter 11 Trustee Appointment ---------------------------------------------------------------- William Harrington, the U.S. Trustee for Region 2, asked the U.S. Bankruptcy Court for the Eastern District of New York to appoint a Chapter 11 trustee for Smiles Around Us II Inc., or, in the alternative convert case to Chapter 7. In a court filing, the U.S. trustee raised the need to appoint an independent trustee to manage the case, saying Kinder Debtor and the Debtor (collectively, the "Child Care Debtors") have acted recklessly in attempting to reorganize their businesses and breached fiduciary duties in the process. The U.S. trustee contended that the Child Care Debtors, through their principal, Svetlana Kazakevich, have set up a scheme whereby funds allegedly belonging to both the Child Care Debtors, funds which are subject to secured creditors' liens, appear to be freely transferred from undisclosed bank accounts both between the Kinder Debtor and the Debtor, and apparently from and to the Debtor itself. The Debtor has not filed a motion seeking permission to use cash collateral of any of its secured creditors, but has engaged in extensive transfers of funds, nonetheless. Additionally, as set out above, the monthly operating reports filed by the Child Care Debtors (and signed by Ms. Kazakevich under penalty of perjury) cannot be reconciled with each other, even though they feature transfers between the Kinder Debtor and the Debtor, transfers that can be gleaned from the respective bank statements but are not listed in the body of the operating reports themselves. Mr. Harrington argued that despite having no employees to provide childcare services, the Kinder Debtor appears to have received $23,383 from the New York City Administration for Children's Services ("NYC ACS") on December 9, 2025. It is perplexing that the Kinder Debtor could qualify to receive over $44,000 in taxpayer funds from NYC ACS, a municipal childcare agency, when it lacks any staff who could deliver such services. The Kinder Debtor's inappropriate access to taxpayer funds warrants the appointment of a chapter 11 trustee so an appropriate investigation could be conducted. The U.S. trustee further argued that a cost-benefit analysis weighs in favor of a chapter 11 trustee, as the Debtor has no viable path to reorganization under the continued oversight of an insider who shows very little ability to manage the Debtor's business in an honest matter, who is conflicted, and who has shown no indication whatsoever toward resolving that conflict. A copy of the motion is available for free at https://urlcurt.com/u?l=oAoc5f from PacerMonitor.com. About Smiles Around Us II Inc. Smiles Around Us II Inc., doing business as Smiles Around Us Academy, operates an early childhood education center in Staten Island, New York. The school offers 3K and Universal Pre-K (UPK) programs focused on social, emotional, linguistic, cognitive, and physical development through play-based and learner-centered instruction. It emphasizes individualized growth, family engagement, and collaborative learning environments to prepare children for continued academic success. Smiles Around Us II Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-45097) on October 22, 2025. In its petition, the Debtor reports total assets of $139,646 and total liabilities of $1,290,765. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by the Law Offices of Alla Kachan, PC. SNEAKERS JAX: Loses Bid to Dismiss US Foreclosure Action -------------------------------------------------------- The U.S. District Court for the Middle District of Florida denied Sneakers Jax Beach, LLC's motion to dismiss the complaint or, in the alternative, the motion for more definite statement in the case captioned as UNITED STATES OF AMERICA, Plaintiff, v. SNEAKERS JAX BEACH, LLC and SOUTHSTATE BANK, NATIONAL ASSOCIATION, Defendants, Case No. 25-cv-00959 (M.D. Fla.). The United States of America, on behalf of the Small Business Administration, brings this action to foreclose a leasehold mortgage against Defendants Sneakers Jax Beach, LLC, and SouthState Bank, National Association. On Feb. 9, 2001, Sneakers executed a promissory note to the predecessor of SouthState for $926,000. As security, Sneakers also executed a Leasehold Mortgage and Security Agreement for certain property located in Duval County, which was later modified. Shortly thereafter, Sneakers also executed a Collateral Assignment of Lease to benefit SouthState. On Jan. 15, 2002, SouthState and Sneakers entered into an agreement with Business Development Corporation of Northeast Florida, Inc. to assign the rights of SouthState to BDC and increase the loan amount to $971,000. As further security, Sneakers also executed an assignment of leases, rents, and profits in favor of BDC, a security agreement, and a collateral assignment of lease. BDC assigned its interests in these documents to the SBA. After the assignment, Sneakers executed UCC-1 Financing Statements in favor of the SBA. On Jan. 31, 2012, Sneakers filed for bankruptcy under Chapter 11. A payment plan was ordered in favor of the SBA and the Bankruptcy Court entered an order confirming the modified plan of reorganization on Sept. 3, 2012. The United States alleges that Sneakers subsequently defaulted on the terms of the payment plan and owes $602,724.20 plus interest and costs and expenses related to bringing this action. As a result, the United States brings one count for in rem mortgage foreclosure. Sneakers argues that the Complaint should be dismissed because the United States failed to allege that it provided the contractually required acceleration notice prior to filing suit. The Court finds under the applicable pleading standards, and assuming that such notice was required in this case, the Government's general averments regarding notice and compliance with conditions precedent are sufficient. Sneakers' argument is premature at this stage of the proceeding. In the alternative, Sneakers argues that the United States should be required to provide a more definite statement because the Complaint lacks allegations regarding the total amount owed and the acceleration notice. With respect to the sum due, the Complaint alleges that SBA is owed the principal sum of $602,724.20, plus accrued interest and all costs and expenses of this action and such other amounts as the United States may be required to expend for the care and preservation of its collateral and its lien thereon. According to the Court, nothing in the Complaint is so vague or ambiguous as to necessitate a more definite statement and Rule 12(e) is not a substitute for discovery. Therefore, Sneakers' request for a more definite statement will be denied. A copy of the Court's Order dated March 31, 2026, is available at https://urlcurt.com/u?l=P91pIL from PacerMonitor.com. Based in Jacksonville Beach, Florida, Sneakers Jax Beach, LLC filed for Chapter 11 protection (Bankr. M.D. Fla. Case No. 12-00533) on Jan. 31, 2012. The Law Office of Brett A. Mearkle, represents the Debtor. The Debtor listed asset of $1,880,500, and liabilities of $2,182,918. SOUTH COAST SUPPLY: 5th Cir Won't Review Briar Capital Claim ------------------------------------------------------------ In the appeal styled Briar Capital Working Fund Capital, L.L.C., as assignee of South Coast Supply Company, Appellant, versus Robert W. Remmert, Appellee, No. 25-20176 (5th Cir.), Judges Stuart Kyle Duncan, Priscilla Richman and Andrew S. Oldham of the U.S. Court of Appeals for the Fifth Circuit affirmed the jury verdict dismissing Briar Capital Working Fund Capital LLC's preference claim in the bankruptcy case of South Coast Supply Company. This appeal arises from the chapter 11 bankruptcy of South Coast Supply Company, an oil and gas product distribution company. Around 2011, Briar Capital began providing financing to South Coast secured by its inventory and accounts receivable. When oil prices rapidly declined in 2014, South Coast suffered significant financial losses, leading Briar Capital to limit funding available to South Coast. Appellee Robert Remmert, South Coast's Chief Operating Officer and Executive Vice President, attempted to save South Coast by loaning it $800,000. South Coast paid Remmert back via checks as funds became available, consistent with industry standards. Remmert ultimately received 31 checks from South Coast totaling $320,628.04. Despite Remmert's loan and Briar Capital's financing, South Coast's finances did not improve. In 2017, South Coast filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Southern District of Texas. South Coast initiated a preference claim against Remmert seeking recovery of the $320,628.04 in loan payments. In August 2018, the Bankruptcy Court confirmed South Coast's bankruptcy plan, which assigned the preference claim to Briar Capital. The case was reassigned to the district court upon recommendation of the Bankruptcy Court. Remmert moved to dismiss the case for lack of subject-matter jurisdiction, which the district court granted, but a panel of this Court reversed and remanded. On remand, the district court held a jury trial on the preference claim, in which the jury answered one question: whether Briar Capital established that the $320,628.04 loan payments to Remmert allowed him to receive more than he would have received upon a hypothetical liquidation in a Chapter 7 bankruptcy. The jury answered "no," meaning Briar Capital did not prevail on its preference claim against Remmert. Briar Capital did not move for judgment as a matter of law under Federal Rule of Civil Procedure 50(a). Nor did it file a Rule 50(b) postverdict motion or a Rule 59 motion for a new trial. Briar Capital now appeals the jury verdict based on legal insufficiency of the evidence. But because Briar Capital admittedly failed to file motions under Federal Rules of Procedure 50(a) and 50(b), it has waived appellate review of the sufficiency of the evidence. According to the panel, "In the absence of a Rule 50 motion, there is no basis for us to review the jury verdict." In any event, even under a plain error standard, Briar Capital has not demonstrated that no evidence supports the jury's verdict. A copy of the Court's Opinion dated March 31, 2026, is available at https://urlcurt.com/u?l=HvGDWi About South Coast Supply Founded in 1972 and headquartered in Houston, Texas, South Coast Supply Company -- http://www.southcoastsupply.com/-- is a distributor of industrial equipment including flanges, weld fittings, long weld necks, OD & ID heads, pipe, valves, pressure fittings and piping accessories. South Coast is a dependable supply source for engineering/construction, vessel fabricators, heat exchanger industry, original equipment manufacturers (OEM), industrial contractors, gas transmission companies, mechanical contractors, water/wastewater industry and companies in oil and gas exploration/processing industries in the U.S. and export market. South Coast Supply Company filed for Chapter 11 bankruptcy protection (Bankr. S.D. Tex. Case No. 17-35898) on Oct. 20, 2017. In the petition signed by Steven Mark Gray, CEO, the Debtor estimated its assets and liabilities at between $1 million and $10 million. Judge Karen K. Brown presides over the case. Miles H. Cohn, Esq., at Crain, Caton & James, P.C., serves as the Debtor's bankruptcy counsel. SP TRANS: Robert Handler Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 11 appointed Robert Handler of Commercial Recovery Associates, LLC as Subchapter V trustee for SP Trans, Inc. Mr. Handler will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Handler declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robert P. Handler Commercial Recovery Associates, LLC 205 West Wacker Drive, Suite 918 Chicago, IL 60606 Tel: (312) 845-5001 x221 Email: rhandler@com-rec.com About SP Trans Inc. SP Trans, Inc. is a transportation and logistics company. SP Trans, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05232) on March 24, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1,000,000 to $10,000,000. The Debtor is represented by Laxmi P. Sarathy, Esq. of Whitestone, P.C. SPHERE 3D: FY2025 Net Loss Widens to $21.5MM, Warns of Cash Crunch ------------------------------------------------------------------ Sphere 3D Corp. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K, reporting a net loss of $21.5 million for the year ended December 31, 2025, compared with $9.5 million for the year ended December 31, 2024. Revenues for the year ended December 31, 2025 were $11.2 million compared with $16.6 million in the prior period. Sphere 3D's principal sources of liquidity are its existing cash, cash equivalents, and At-the-Market facility. The Company said, "We expect to fund our operations going forward with existing cash resources, anticipated revenue from our Bitcoin mining operation, and cash that we may raise through future financing transactions. At December 31, 2025, we had cash and cash equivalents of $3.7 million compared to $5.4 million at December 31, 2024. As of December 31, 2025, we had working capital of $6.9 million, reflecting a decrease in current assets of $9.1 million primarily related to the sale of our investment in equity securities, and a decrease in current liabilities of $2.1 million primarily related to a decrease in accounts payable, accrued liabilities and employee compensation." Warrant Inducement. On October 16, 2025, the Company entered into a warrant inducement agreement with an existing institutional investor to us for the immediate exercise of the November 19, 2024 warrants to purchase 436,823 common shares of the Company. The Existing Warrants had an exercise price of $15.00 and were exercised at a reduced exercise price of $9.40 for total gross cash proceeds of $4.1 million, before deducting financial advisor fees and other transaction expenses of $0.4 million. The Company used the net proceeds from the offering for the purchase or upgrade of its Bitcoin mining fleet, and other general corporate purposes. At-the-Market Offering Program. On January 3, 2025, the Company entered into a sales agreement with A.G.P./Alliance Global Partners. In accordance with the terms of the AGP Agreement, the Company may offer and sell from time to time through or to the Sales Agent, as agent or principal, its common shares having an aggregate offering price of up to $8.0 million. The AGP Agreement can be terminated by either party by giving two days written notice. The Company expects that any proceeds received from the facility will be used primarily for working capital and general corporate purposes and in furtherance of its corporate strategy which may include to accelerate efficiency, for the purchase/upgrade of its mining fleet, and vertical integration of infrastructure. Neither the Company nor the Sales Agent are obligated to sell any Placement Shares pursuant to the AGP Agreement. Subject to the terms and conditions of the AGP Agreement, the Sales Agent will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal law, rules and regulations and the rules of The Nasdaq Capital Market, to sell the Placement Shares from time to time based upon our instructions, including any price, time or size limits or other customary parameters or conditions we may impose. Sales of the Placement Shares, if any, will be made on Nasdaq at market prices by any method permitted by law deemed to be an "at the market offering" as defined in Rule 415 of the Securities Act of 1933, as amended. For the year ended December 31, 2025, through the At-the-Market Offering program 112,791 common shares were issued for net proceeds of $0.7 million. Houston, Texas-based MaloneBailey, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 27, 2026, citing recurring losses from operations and insufficient cash on hand to fund operations, raising substantial doubt about the Company's ability to continue as a going concern. Management similarly projects that, based on these recurring losses, negative cash flows from operating activities, and its hashing rate as of December 31, 2025, cash on hand may not be sufficient to continue operations within 12 months from the issuance of the financial statements if additional funding is not obtained. "We expect our working capital needs to increase in the future as we continue to expand and enhance our operations. Our ability to raise additional funds for working capital through equity or debt financings or other sources may depend on the financial success of our business and successful implementation of our key strategic initiatives, financial, economic and market conditions and other factors, some of which are beyond our control. We require additional capital and if we are unsuccessful in raising that capital at a reasonable cost and at the required times, or at all, we may not be able to continue our business operations in the cryptocurrency mining industry or we may be unable to advance our growth initiatives, either of which could adversely impact our business, financial condition and results of operations. In an effort to mitigate these risks we are taking steps to lower our cost of mining and also refresh our mining fleet to increase our mining efficiency." Significant changes from the Company's current forecasts, including but not limited to: (i) shortfalls from projected mining earning levels; (ii) increases in operating costs; (iii) decreases in the value of cryptocurrency; and (iv) if the Company does not maintain compliance with the requirements of Nasdaq and/or it does not maintain its listing with Nasdaq it could have a material adverse impact on its ability to access the level of funding necessary to continue its operations at current levels. These factors, among others, should they occur may result in the Company's inability to continue as a going concern within 12 months from March 27, 2026m the date of issuance of the financial statements. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/ny4ysrn4 About Sphere 3D Sphere 3D Corp. (Nasdaq: ANY) -- https://www.Sphere3D.com/ -- is a cryptocurrency miner, growing its industrial-scale digital asset mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with best-in-class data center operators. Sphere 3D is dedicated to increasing shareholder value while honoring its commitment to strict environmental, social, and governance standards. As of December 31, 2025, the Company had $25.1 million in total assets, $1.8 million in total (current) liabilities, $18,000 in temporary equity, and total stockholders' equity of $23.3 million. SPRINGFIELD COLLEGE: S&P Affirms 'BB+' ICR, Outlook Negative ------------------------------------------------------------ S&P Global Ratings affirmed its 'BB+' issuer credit rating on Springfield College, Mass. At the same time, S&P Global Ratings affirmed its 'BB+' long-term rating on the Massachusetts Development Finance Agency's series 2021 revenue bonds, issued for the college. The outlook negative. S&P said, "We analyzed Springfield College's environmental, social, and governance (ESG) credit factors related to the college's market position and financial performance. We view all ESG credit factors as neutral in our credit rating analysis. "The negative outlook reflects our opinion that enrollment declines could persist and continue to pressure operating margins, despite the college's expectation of stabilized enrollment, resulting in DSC that might fall below the covenant requirement. "We could consider a lower rating during the outlook period should Springfield College's enrollment continue to decline, and financial operations produce significant deficits, resulting in DSC falling below the 1.1x covenant requirement; or if financial resource ratios deteriorate from current levels. "We could consider revising the outlook to stable, or possibly raising the rating, if the college's enrollment improves, balance-sheet ratios are preserved or enhanced, and operating performance improves such that DSC compliance is assured as well as compliance will other covenants." SRB AERIAL: Hires Law Offices OF Geno and Steiskal as Counsel ------------------------------------------------------------- SRB Aerial Applicators LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to hire the Law Offices of Geno and Steiskal PLLC to serve as legal counsel. The firm will provide these services: (a) advise and consult with the Debtor-in-Possession regarding questions arising from certain contract negotiations during the operation of the business; (b) evaluate and attack claims of creditors who may assert security interests in the assets or seek to disturb continued business operations; (c) appear in, prosecute, or defend suits and proceedings and take all necessary and proper steps and actions connected with the affairs of the estate; (d) represent the Debtor in court hearings and assist in preparing contracts, reports, accounts, petitions, applications, orders, and other documents necessary in the proceeding; (e) advise and consult with the Debtor concerning any reorganization plan proposed in this proceeding and matters arising out of or following the plan's acceptance, consummation, or rejection; and (f) perform other legal services on behalf of the Debtor as they become necessary. The firm's hourly rates are: – Craig M. Geno at $450 per hour, plus expenses – Christopher J. Steiskal Sr. at $375 per hour, plus expenses – Paralegals at $250 per hour, plus expenses The Debtor paid a $16,800 retainer, which includes the $1,738 filing fee, less pre-petition time, to be applied to fees and expenses in the case. The firm will bill at its stated hourly rates and may submit fee applications for court approval. The firm's rates are subject to annual adjustment. According to court filings, the Law Offices of Geno and Steiskal PLLC represents no interests adverse to the Debtor or its estate and is a disinterested person within the meaning of the Bankruptcy Code. The firm can be reached at: Craig M. Geno, Esq. Christopher J. Steiskal Sr., Esq. LAW OFFICES OF GENO AND STEISKAL PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com esteiskal@cmgenolaw.com About SRB Aerial Applicators LLC Charleston, Mississippi-based SRB Aerial Applicators, LLC provides agricultural aerial application services, including crop spraying and dusting, serving regional crop farmers and landowners. The company operates a fleet of aircraft and holds environmental and transportation permits required for interstate and agricultural operations. SRB Aerial Applicators LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-11040-JDW) on March 25, 2026. At the time of the filing, the Debtor had estimated assets between $1,000,001 and $10 million and liabilities between $1,000,001 and $10 million. Judge Jason D. Woodard oversees the case. The Law Offices of Geno and Steiskal PLLC is the Debtor's legal counsel. STILL BALLIN: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Still Ballin LLC 2236 Michigan Ave. Arnold, MO 63010 Business Description: Still Ballin LLC operates The Local House Restaurant & Bar, a dining establishment in Arnold, Missouri, offering American-style food including burgers, steaks, pizzas, and sandwiches. The restaurant provides dine-in services and operates a full-service bar, with additional offerings such as weekly promotions and private event catering. Its customer base includes local residents, families, and patrons seeking casual dining options within Jefferson County. Chapter 11 Petition Date: April 2, 2026 Court: United States Bankruptcy Court Eastern District of Missouri Case No.: 26-41423 Judge: Hon. Kathy A Surratt-States Debtor's Counsel: Andrew R. Magdy, Esq. SUMMERS COMPTON WELLS LLC 903 S Lindbergh Blvd Suite 200 Saint Louis, MO 63131 Tel: 314-991-4999 Fax: 314-872-0331 E-mail: amagdy@summerscomptonwells.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Tim Huelskamp as owner. 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/PYXQZ3Y/Still_Ballin_LLC__moebke-26-41423__0001.0.pdf?mcid=tGE4TAMA STILL BALLIN: Taps Summers Compton Wells LLC as Legal Counsel ------------------------------------------------------------- Still Ballin LLC d/b/a The Local House seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to hire Summers Compton Wells LLC to serve as legal counsel. The firm will provide these services: (a) advise the Debtor with respect to its rights and obligations as a Debtor-in-possession and regarding other matters of bankruptcy law; (b) assist in the preparation and filing of any petitions, motions, applications, schedules, statements of financial affairs, plans of reorganization, disclosure statements, and other pleadings and documents required in this Chapter 11 case; (c) represent the Debtor at hearings, including plans of reorganization, disclosure statements, confirmation, and any adjourned hearings thereof; (d) represent the Debtor in connection with debtor-in-possession financing arrangements, if any; (e) represent the Debtor in adversary proceedings and other contested matters; and (f) counsel the Debtor on other matters arising in connection with the Debtor's reorganization proceedings and business operations. SCW will receive hourly rates ranging from $425 to $500 for principals and of counsel, $325 to $375 for associates, $200 to $250 for paralegals and legal assistants, and $180 to $200 for law clerks. Summers Compton Wells LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Andrew R. Magdy, Esq. Brian J. LaFlamme, Esq. Sarah E. Tomlinson, Esq. SUMMERS COMPTON WELLS LLC 903 S. Lindbergh Blvd, Suite 200 St. Louis, MO 63131 Telephone: (314) 991-4999 Facsimile: (314) 991-2413 E-mail: amagdy@summerscomptonwells.com blaflamme@summerscomptonwells.com stomlinson@summerscomptonwells.com About Still Ballin LLC Still Ballin LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Case No. 26-41423) on April 2, 2026. At the time of the filing, Debtor's estimated assets and liabilities are not specifically disclosed in the filings. Judge Kathy Surratt-States oversees the case. Summers Compton Wells LLC is Debtor's legal counsel. TECHNICAL ARTS: Hearing Today on Bid to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey is set to hold a hearing today to consider final approval of Technical Arts Group, LLC's bid to use cash collateral. The Debtor's authority to use cash collateral under the court's fourth interim order expires today. The order entered on March 27 approved the interim payment of $25,000 to Abe V. Systems, Inc. in return for the Debtor's interim use of its cash collateral. The order required the Debtor to provide Abe V. Systems with a detailed list of all 2026 projects (completed and upcoming), including deposits received. Technical Arts Group's capital structure includes significant purported secured debt, the largest of which is asserted by Abe V. Systems, stemming from its 2024 acquisition of the secured creditor's ownership interests and production equipment. Abe V. Systems claims a lien on all equipment, inventory, and proceeds under a secured promissory note exceeding $2.8 million and a corresponding security agreement. The Debtor defaulted on a subsequent forbearance agreement, leading Abe V. Systems to conduct what it contends was a commercially unreasonable auction in November 2024. Abe V. Systems now claims a secured balance of approximately $1.3 million, a figure the Debtor disputes. The Debtor argues that Abe V. Systems is substantially oversecured, citing expert valuations from both its own appraiser and Abe V. Systems' appraiser valuing the collateral at roughly $9.2 to $9.7 million, creating a large equity cushion that alone provides adequate protection. Abe V. Systems' position is further supported by additional collateral and personal guarantees provided by affiliated entities KMP and QAV. About Technical Arts Group LLC Technical Arts Group LLC, a Delaware limited liability company headquartered in Moonachie, New Jersey, provides event production and premium equipment rental services, specializing in lighting, audio, video, staging, special effects, and event management for large-scale music festivals, corporate gatherings, weddings, and international events. The Company operates a 34,488-square-foot facility and employs 63 staff members, engaging additional freelance personnel as needed. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 25-22241) on November 18, 2025. In the petition signed by Kevin Mignone, as co-president and chief revenue officer, the Debtor disclosed $10,944,828 in assets and $8,654,532 in liabilities. Judge Vincent F Papalia oversees the case. Richard D. Trenk, Esq. and Robert S. Roglieri, Esq., at Trenk Isabel Siddiqi & Shahdanian P.C. represents the Debtor as legal counsel. TERRASTRAT GROUP: Taps Debra Stark as Tax Professional ------------------------------------------------------ Terrastrat Group LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Ohio to hire Debra Stark, a certified public accountant, to provide tax services. The professional will provide these services: (a) Tax filings for 2024; (b) Accounting entries and reconciliations for 2025; (c) Setting up payroll capabilities for ongoing state and federal withholding compliance; (d) Tax filings for 2025; and (e) Bookkeeping and monthly reporting for 2026. Ms. Stark will be paid at these fees: Fee of $2,250 for tax filings for 2024; Fee of $2,000 for accounting entries and reconciliations for 2025; Hourly rate of $75 for setting up payroll capabilities; Fee of $2,250 for tax filings for 2025; Fee of $179 per month for bookkeeping and monthly reporting in 2026; Debra Stark is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The professional can be reached at: Debra Stark, CPA 2 Stonegate Circle Lincolnshire, IL 60069 About Terrastrat Group LLC Terrastrat Group LLC provides consulting and analytics services to financial institutions in the United States, focusing on optimizing branch networks and ATM placement. The Columbus, Ohio-based company delivers data-driven growth strategies that leverage predictive modeling, market analysis, and micromarket optimization to inform decisions on branch consolidation, expansion, and investment prioritization. Its services are tailored to each client's needs, helping banks improve efficiency, reach, and customer retention within their retail footprint. Terrastrat Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-55664) on December 24, 2025. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Tiffany Strelow Cobb handles the case. The Debtor is represented by Tami Hart Kirby, Esq. of Porter Wright Morris & Arthur LLP. THASSOS INC: Gets OK to Use Cash Collateral Until May 11 -------------------------------------------------------- Thassos, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use cash collateral. The court authorized the Debtor's interim use of cash collateral through May 11 to pay the operating expenses set forth in its budget. The budget projects total operational expenses of $130,925 for the period from April 1 to May 11. Use of funds for extraordinary expenses in excess of the budget requires further court order or prior written approval of Newtek Bank, N.A. Newtek Bank, the Debtor's secured creditor, holds a first position security interest in the cash collateral and is owed $390,661 pursuant to SBA loan. As protection for any diminution in value of its cash collateral, Newtek was granted valid, binding, enforceable, and perfected replacement liens on and security interests in its collateral. These replacement liens will have the same validity, priority and extent as the secured creditor's pre-bankruptcy liens. As further protection, Newtek will continue to receive payment of $3,000. Failure to pay triggers a default and a late charge of 5%. It also allows Newtek to accelerate the debt and seek enforcement. The order also requires the Debtor to maintain insurance on the collateral. The order is available at https://shorturl.at/oQ4iJ from PacerMonitor.com. The next hearing is scheduled for May 8. About Thassos Inc. Thassos Inc. operates a Greek restaurant in Clarendon Hills, Illinois. The establishment specializes in authentic Greek cuisine and offers dine-in, catering, and online ordering services. Thassos sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08021) on May 27, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Judge Janet S. Baer handles the case. The Debtor is represented by Konstantine Sparagis, Esq., at the Law Offices of Konstantine Sparagis. TIBERTI COMPANY: Gets OK to Hire Littler Mendelson as Counsel ------------------------------------------------------------- The Tiberti Company, LLC received approval from the U.S. Bankruptcy Court for the District of Nevada to employ Littler Mendelson, P.C. as special counsel. The firm will serve as special counsel for labor and employment-related matters and related work pursuant to 11 U.S.C. Sec. 327(e). Littler will be compensated at these rates: Montgomery Paek (Shareholder) $760 per hour Eric Field (Shareholder) $1,675 per hour Arthur Carter $1,315 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Field 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: Zachariah Larson, Esq. Matthew C. Zirzow, Esq. LARSON & ZIRZOW, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Telephone: (702) 382-1170 Facsimile: (702) 382-1169 E-mail: zlarson@lzlawnv.com mzirzow@lzlawnv.com About The Tiberti Company, LLC The Tiberti Company LLC, doing business as Tiberti Fence Company, offers fencing products and installation services across Nevada, serving residential, commercial, and industrial customers. Based in Las Vegas and holding an AB Unlimited License as a full-phase general contractor, the Company specializes in ornamental iron, chain link fencing, and custom-built iron. Tiberti Fence Company operates as part of the wider Tiberti organization, which has a history in construction projects including hotels, gaming facilities, schools, reservoirs, museums, and civic buildings. The Tiberti Company LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-15112) on August 29, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by Matthew C. Zirzow, Esq. at LARSON & ZIRZOW, LLC. TOASTED BARREL: Seeks to Hire Keith Y. Boyd PC as Legal Counsel --------------------------------------------------------------- The Toasted Barrel, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire Keith Y. Boyd of Keith Y. Boyd, P.C. to serve as legal counsel. The firm will provide these services: (a) all legal services regularly and customarily required by a debtor in possession; (b) representation in such adversary proceedings as may be commenced in this case; and (c) representation in such other proceedings as may be necessary and proper in other forums. The firm will be paid at these hourly rates: Keith Y. Boyd $445 Melissa A. Arnold, ACP $185 Law Clerk $200 Legal Assistants $115 Compensation information on file with the court states that on March 19, 2026, prior to filing, Boyd received a retainer of $20,000, of which $2,876.50 was applied to prepetition attorney fees and $1,738 to the filing fee, with the remaining $15,385.50 held pending further court approval. Boyd may also request monthly deposits into a segregated trust account for future payment of fees subject to court approval. According to court filings, Boyd does not hold nor represent an interest adverse to the estate and is a “disinterested person” within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Keith Y. Boyd, Esq. KEITH Y. BOYD, P.C. 724 S. Central Ave., Suite 106 Medford, OR 97501 Telephone: (541) 973-2422 Facsimile: (541) 973-2426 E-mail: keith@boydlegal.net About The Toasted Barrel, LLC The Toasted Barrel, LLC operates a whiskey and wine bar in Grants Pass, Ore., offering spirits, cocktails, local wines and food in a lounge-style setting. The venue features indoor seating and an outdoor patio and hosts live music and other events, serving local residents and visitors in Southern Oregon. The Toasted Barrel, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. OR Case No. 26-60888-kfe11) on April 1, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge Kathryn F. Evans oversees the case. Keith Y. Boyd, P.C. is Debtor's legal counsel. TOP MOBILITY: Gets Final OK to Use Cash Collateral -------------------------------------------------- Top Mobility Scooters, Inc. received final approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral through the effective date as defined in its Chapter 11 small business Subchapter V plan. The Debtor intends to utilize its cash collateral to pay the amounts expressly authorized by the court, including payments to the Subchapter V trustee; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by secured creditor, BankUnited, N.A. BankUnited and other creditors with a security interest in cash collateral will have a perfected post-petition lien on the cash collateral to the same extent and with the same validity and priority as their pre-bankruptcy liens. As additional protection, the Debtor must maintain insurance as per loan and security agreements with its secured creditors. The order is available at http://bankrupt.com/misc/TopMobility_FinalCCOrder.pdf About Top Mobility Scooters Inc. Top Mobility Scooters Inc. is a company specializing in mobility scooters and related equipment for individuals with mobility limitations. Based in Hudson, Florida, the company operates through its website www.topmobility.com and appears to provide healthcare-related mobility solutions in the 'Other Healthcare Services' industry category. Top Mobility Scooters sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04323) on June 26, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Judge Roberta A. Colton handles the case. Michael A. Stavros, Esq., at Jennis Morse is the Debtor's legal counsel. BankUnited, N.A., as secured creditor, is represented by: George L. Zinkler, III, Esq. 101 Northeast Third Avenue, Suite 1800 Fort Lauderdale, FL 33301 Telephone (954) 462-8000 Facsimile (954) 462-4300 gzinkler@loriumlaw.com TOTAL FIBER: UMB Seeks Receiver After $77MM Bond Default -------------------------------------------------------- UMB Bank, N.A., solely in its capacity as Trustee under a Trust Indenture dated as of June 1, 2022, by and between the Virginia Small Business Financing Authority and UMB Bank, filed a motion with the U.S. District Court for the Eastern District of Virginia, Norfolk Division, seeking the appointment of Moglia Advisors' Alex Moglia as receiver for Total Fiber Recovery @ Chesapeake (TFRC), LLC. Pursuant to Federal Rule of Civil Procedure 66 and the Court's inherent equitable authority, the bank seeks appointment of a receiver over TFRC's operations, and substantially all of its assets, including the recycled pulp processing facility located at 1447 Precon Drive, Chesapeake, Virginia, together with all fixtures, machinery, equipment, personal property, and other collateral securing $65 million in principal aggregate amount of Solid Waste Disposal Revenue Bonds. The facility, including without limitation TFRC's leasehold interests, including in the Premises and under the Truck Scales Lease, as well as all fixtures and equipment comprising the facility, is referred to as the "Project." UMB says TFRC has defaulted under the governing Loan Agreement and Trust Indenture, ceased operations, incurred approximately $12.4 million in past-due interest, and allowed the Project to sit idle and deteriorate. Without immediate court-supervised management, the remaining value of the Trustee's collateral will continue to rapidly erode. UMB contends the appointment is necessary because the risks facing the Bondholders extend well beyond the passive custody of the Project's physical assets. The receiver must be able to continue to employ existing staff to preserve the collateral, investigate and preserve potential claims relating to the construction and performance of the Project, manage negotiations with lien claimants and vendors, restore utility service, and conduct an orderly marketing and disposition process designed to maximize recovery for the Bondholders. Only a receivership with authority over TFRC and its operations can accomplish these objectives. TFRC has been in continuous payment default since August 2024. The Project has generated no net revenues, required loan payments have not been made for more than a year and a half, and TFRC failed to complete the Project as required under the Loan Agreement. Despite being put on notice of these defaults, TFRC has not cured any of them. On March 27, 2026, the Trustee accelerated the debt and declared all principal and accrued interest immediately due and payable. UMB explains the condition of the collateral presents an urgent risk of further loss. Natural gas service has been disconnected for nonpayment, and temporary heaters -- which themselves pose a risk -- are being used to maintain minimum ambient temperatures. Millions of dollars in vendor obligations remain unpaid, and at least two mechanics' liens for more than $1.2 million have been filed against the Project. The value of the Project's machinery and equipment will be inadequate to repay the $77 million in total outstanding bond debt (including accrued interest), and that value continues to decline as the Project remains idle. Absent receivership, the Project will continue to deteriorate while the value available to the Trustee diminishes daily. UMB serves as trustee under the Indenture for the benefit of the holders of the Bonds. The Authority assigned all of its right, title, and interest in the Loan Agreement dated as of June 1, 2022, to the Trustee for the benefit of the Bondholders. On June 1, 2022, the Authority issued $65 million in aggregate principal amount of Solid Waste Disposal Revenue Bonds, consisting of (i) $30 million in Adjusted SOFR Rate Term Bonds due June 1, 2029, and (ii) $35 million in 8.50% Term Bonds due June 1, 2042. The proceeds of the Bonds were loaned to TFRC pursuant to the Loan Agreement for financing the construction of the Project. The financing documents governing the Bonds expressly contemplate the appointment of a receiver upon the occurrence of an Event of Default. Under the Loan Agreement, TFRC agreed to repay the loan and to comply with numerous operational and financial covenants designed to protect the Bondholders' collateral. UMB asserts that TFRC has agreed to these receivership provisions as part of the integrated financing structure governing the $65 million bond issuance. In other words, TFRC agreed not only that the Trustee could enforce the loan upon default, but that a receiver could be appointed, on an ex parte basis and without contest from TFRC, to take control of TFRC, the Project, and its operations to preserve and protect the collateral securing the Bonds. An Event of Default under the Indenture occurred on Aug. 25, 2024, when TFRC failed to make its required Loan Payment. TFRC has failed to make the required Loan Payments in August, September, October, November, and December 2024, and every month from January 2025 through the date of this Motion. Moreover, interest payments due on the Bonds on Sept. 1 and Dec. 1, 2024, Interest Payment Dates, and on each quarterly Interest Payment Date thereafter were not made; as of Feb. 27, 2026, unpaid interest had accumulated to approximately $12.4 million. On Feb. 27, 2026, the Trustee delivered a second Notice of Default to TFRC identifying additional and continuing Events of Default, including TFRC’s continued failure to make Loan Payments from January 2025 through February 2026. CellMark, Inc., the counterparty to the Offtake Agreement and the Feedstock Agreement, and a 50% equity holder in TFRC, also issued a Notice of Default dated July 2, 2025, declaring TFRC in material breach of both the Feedstock Agreement and the Offtake Agreement: -- Under the Feedstock Agreement, TFRC failed to pay CellMark $5,002,298 for raw materials furnished by CellMark, and CellMark suspended delivery of wastepaper pursuant to Article 6 of the Feedstock Agreement. -- Under the Offtake Agreement, TFRC failed to pay CellMark $3,650,000 in prepayment advances for pulp that the facility never delivered, as well as $2,238,000 that CellMark paid to Ray-Mont Services for storage, loading, and shipping services. On March 27, 2026, UMB issued a Notice of Acceleration declaring the unpaid balance of the loan payable under Section 4.2(a) of the Loan Agreement, together with all accrued and unpaid interest, as well as the principal on the Bonds, to be immediately due and payable. FRC owes no less than $65 million in principal and approximately $12.4 million in accrued and unpaid interest, continuing to accrue at the Post-Default Rate at the daily rate of $20,988.00, in addition to fees, costs, and expenses of the Trustee. The Project is idled, since at least November 2024, the conditions causing deterioration to the Project have existed for at least 16 months. UMB notes the Project is currently relying on portable heaters to maintain minimum ambient temperatures, but at the risk of uneven heat distribution, fuel supply logistics issues, and fire hazards. In addition, the Project is burdened with millions of dollars in unpaid vendor obligations, including waste hauling balances exceeding $160,000 for materials staged onsite requiring disposal. TFRC has no operating revenues, no working capital, and no demonstrated ability to satisfy any judgment. The Bondholders' only realistic source of recovery is the Project collateral itself, which requires immediate stabilization and preservation. UMB says the only way for the Bondholders to recover their collateral is through a sale. But in order to do so, it is essential that the Project's employees, who possess institutional knowledge of the Project's systems, operational history, and prior management practices, can remain in place in the interim. Only a receiver with authority over TFRC and its operations can take immediate control of the Project, stabilize operations, preserve the collateral, and conduct an orderly disposition process designed to maximize recovery for the Bondholders. UMB adds that TFRC cannot operate the Project, cannot service the debt, cannot fund -- or in any case has not funded -- preservation expenses, and has refused to cooperate with a consensual resolution. The Subordination, Non-Disturbance, Attornment and Access Agreement (the "SNDA") entered in connection with the Bond issuance affords the Trustee certain rights -- including the right, upon an event of default, to provide notice to the landlord and lender and, following a 120-day notice period, to enter the Premises to remove and sell collateral. About Total Fiber Recovery @ Chesapeake, LLC Total Fiber Recovery @ Chesapeake, LLC owns a recycled pulp processing facility located at 1447 Precon Drive, Chesapeake, Virginia. Total Fiber is facing a receivership case captioned as UMB Bank, N.A. as Trustee v. Total Fiber Recovery @ Chesapeake, LLC, an Oregon limited liability company, Case No. 2:26-cv-00297 (E.D. Va.), before the Hon. Robert J. Krask. The case was filed on March 27, 2026. Counsel for Plaintiff UMB Bank, N.A. as Trustee: Jackson D. Toof, Esq. ArentFox Schiff LLP 1717 K Street NW Washington, DC 20006 Tel: (202) 857-6000 Fax: (202) 857-6395 Email: jackson.toof@afslaw.com - and - Mark Angelov, Esq. Eric Roman, Esq. ArentFox Schiff LLP 1301 Avenue of the Americas, Floor 42 New York, NY 10019-6040 Tel: (212) 484-3900 Fax: (212) 484-3990 Email: mark.angelov@afslaw.com eric.roman@afslaw.com URBAN WELLNESS: Seeks to Employ Bert L. Roos PLLC as Legal Counsel ------------------------------------------------------------------ Urban Wellness, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Bert L. Roos of Bert L. Roos, P.L.L.C. to serve as legal counsel. The firm will provide these services: (a) assist and advise Debtor relative to the administration of this proceeding; (b) advise Debtor with respect to its powers and duties as debtor-in-possession in the continued management and operation of its business and property; (c) represent the Debtor before the Bankruptcy Court and advise the Debtor on pending litigation, hearings, motions and decisions of the Bankruptcy Court; (d) review and advise the Debtor regarding applications, orders and motions filed with the Bankruptcy Court by third parties in this proceeding; (e) attend meetings conducted pursuant to section 341(a) of the Bankruptcy Code and represent Debtor at all examinations; (f) communicate with creditors and other parties in interest; (g) assist Debtor in preparing all motions, applications, answers, orders, reports, and papers necessary to the administration of the estate; (h) confer with other professionals retained by Debtor and other parties in interest; (i) negotiate and prepare Debtors Chapter 11 plan, related disclosure statement, and all related agreements and documents and take any necessary actions on Debtor's behalf to obtain confirmation of the plan; and (j) perform all other necessary legal services and provide all other necessary legal advice to Debtor in connection with this Chapter 11 case. Mr. Roos will be employed under hourly rate procedures due to the extensive legal services required. Counsel has not agreed to share this compensation with any other person who is not associated with this law firm. Bert L. Roos 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: Bert L. Roos, Esq. BERT L. ROOS, P.L.L.C. 5045 N. 12th Street, Suite B Phoenix, AZ 85014 Telephone: (602) 242-7869 Facsimile: (602) 242-5975 E-mail: blrpc85015@msn.com About Urban Wellness Urban Wellness, LLC filed Chapter 11 petition (Bankr. D. Ariz. Case No. 26-01279) on Feb .11, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Brenda K. Martin oversees the case. The Debtor is represented by: Bert L. Roos, Esq. Bert L. Roos, PLLC 5045 N. 12th Street, #B Phoenix, AZ 85014 Telephone: (602) 242-7869 E-mail: blrpc85015@msn.com VANDERBILT MINERALS: Committee Taps Brown Rudnick as Co-Counsel --------------------------------------------------------------- The Official Committee of Unsecured Creditors of Vanderbilt Minerals LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to hire Brown Rudnick LLP to serve as co-counsel. The firm will provide these services: (a) assisting, advising, and representing the Committee in its meetings, consultations and negotiations with the Debtor and other parties in interest regarding the administration of this Case; (b) assisting, advising, and representing the Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Committee; (c) assisting with the Committee's review of the Debtor' Schedules of Assets and Liabilities, Statement of Financial Affairs and other financial reports prepared by or on behalf of the Debtor; (d) assisting the Committee's investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtor and its affiliates, including certain transactions preceding the bankruptcy filing; (e) assisting and advising the Committee regarding the identification and prosecution of estate claims and causes of action; (f) assisting and advising the Committee in its review and analysis of, and negotiations with the Debtor and any counterparties related to any potential restructuring transactions; (g) reviewing and analyzing all applications, motions, complaints, orders, and other pleadings filed with the Court by the Debtor or third parties, advising the Committee as to their propriety and, after consultation with the Committee, taking any appropriate action; (h) preparing necessary applications, motions, answers, orders, reports, and other legal papers on behalf of the Committee, and pursuing or participating in contested matters and adversary proceedings as may be necessary or appropriate in furtherance of the Committee's duties, interest, and objectives; (i) representing the Committee at hearings held before the Court and communicating with the Committee regarding the issues raised, and the decisions of the Court; (j) assisting, advising, and representing the Committee in connection with the review of filed proofs of claim and reconciliation of or objections to such proofs of claim and any claims estimation proceedings; (k) negotiation, assisting, advising, and representing the Committee in their participation in the formulation, and drafting of a plan of reorganization/liquidation for the Debtor; (l) assisting, advising, and representing the Committee with respect to its communications with the general creditor body regarding significant matters in this Case; (m) responding to inquiries from individual creditors as to the status of, and developments in, this Case; and (n) providing such other services to the Committee as may be necessary in this Case or any related proceedings. Brown Rudnick's current hourly rates are: Partners $1,000 - $2,600 Counsel $445 - $1,550 Associates $685 - $1,030 Paralegals $450 - $575 Brown Rudnick 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, Brown Rudnick responds to the questions set forth therein as follows: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: The Committee will approve a budget and general staffing plan in connection with Brown Rudnick’s representation of the Committee. The firm can be reached at: Cathrine M. Castaldi, Esq. Brown Rudnick LLP 4 Park Plaza, Suite 420 Irvine, CA 92614 Telephone: (949) 760-5200 E-mail: ccastaldi@brownrudnick.com 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. Judge Wendy A. Kinsella oversees the case. 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. VERSACE DOMINICAN: Seeks to Hire Pedro Montas as Broker ------------------------------------------------------- Versace Dominican Restaurant 1 Y Mas Inc seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Pedro Montas, a professional practicing in Georgia, as broker. Mr. Montas will provide these services: (a) act as the Debtor's agent with the exclusive right to market the business known as Versace Dominican Restaurant #1 Y Mas Inc., a Dominican and Caribbean restaurant located at 510 Pleasant Hill Rd, Lilburn, GA 30047; (b) use his best efforts in the ordinary course of business to offer the Business for sale and procure a ready, willing and able purchaser; (c) present all offers received to the Seller until acceptance of an offer; and (d) determine if a default has occurred or if a purchase agreement has been terminated, and thereafter present subsequent offers. Mr. Montas will be compensated by a 10% commission based on the gross sales price of the business. The Debtor states that Mr. Montas is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. About Versace Dominican Restaurant 1 y Mas Inc Versace Dominican Restaurant 1 y Mas, Inc. operates a restaurant. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64759) on December 18, 2025. In the petition signed by Leonor Romero, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Barbara Ellis-Monro oversees the case. Benjamin Keck, Esq., at Keck Legal, LLC, represents the Debtor as bankruptcy counsel. VIEWBIX INC: FY25 Net Loss Widens to $20.8MM as Revenue Declines ---------------------------------------------------------------- Viewbix Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K, reporting a net loss of $20.8 million for the year ended December 31, 2025, compared with $14.1 million for the year ended December 31, 2024. Revenues for the year ended December 31, 2025 were $1.6 million compared with $5 million in the prior period Tel Aviv, Israel-based Brightman Almagor Zohar & Co., the Company's auditor since 2012, issued a "going concern" qualification in its report dated March 27, 2026, citing that the decrease in revenues and cash flows from operations may result in the Company's inability to repay its debt obligations during the 12-month period following the issuance date of the financial statements. These conditions raise a substantial doubt about the Company's ability to continue as a going concern. During the second half of 2023 and the year ended December 31, 2024, the Company experienced a decrease in its revenues from the digital content and search segments, as a result of the Cortex Adverse Effect, a decrease in user traffic acquired from third party advertising platforms, an industry-wide decrease in advertising budget, changes and updates to internet browsers' technology, which adversely impacted the Company's ability to acquire traffic in the search segment and a decrease in revenues from routing of traffic acquired from third-party strategic partners in the search segment, as a result of lack of availability of suppliers credit from such third party strategic partners. As a result of the foregoing, during the year ended December 31, 2025, the Company recorded an operating loss from continuing operations of $2,184 compared to $837 thousand during the year ended December 31, 2024. As of December 31, 2025, the Company had cash and cash equivalents of $1 million, bank loans of $1.6 million and accumulated deficit of $46 million. The decline in revenues and other circumstances raise substantial doubts about the Company's ability to continue as a going concern during the 12-month period following the issuance date of these financial statements. Management's response to these conditions included reduction of salaries and related expenses and reduction of professional services in the research and development and selling and marketing functions, reduction of other operational expenses, such as lease costs and overheads, as well as creation of new partnerships and other new income sources. In addition, the Company raised funds during 2025, increasing its cash balance, as follows: (1) pursuant to the consummation of the Uplist, the Company received during June and July 2025, aggregate gross proceeds of $2.9 million in connection with a private placement and three facility agreements, consisting of $630 thousand from the receipt of additional loans and $2. Million from the exercise of warrants and (2) on July 14, 2025, the Company closed an additional private placement transaction with certain accredited investors, pursuant to which the Company received gross proceeds of $4.5 million. Moreover, on March 4, 2026, the Company closed a private placement transaction with certain accredited investors, pursuant to which the Company received gross proceeds of $1.4 million. Notwithstanding the foregoing, there remains uncertainty as to whether the Company will be able to secure additional funding when needed. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/5x6k2tj8 About Viewbix Headquartered in Ramat Gan, Israel, Viewbix and its subsidiaries, Gix Media and Cortex Media Group Ltd., operate in the field of digital advertising. The Group has two main activities that are reported as separate operating segments: the search segment and the digital content segment. The search segment develops a variety of technological software solutions, which perform automation, optimization, and monetization of internet campaigns, for the purposes of obtaining and routing internet user traffic to its customers. The search segment activity is conducted by Gix Media. The digital content segment is engaged in the creation and editing of content, in different languages, for different target audiences, for the purposes of generating revenues from leading advertising platforms, including Google, Facebook, Yahoo and Apple, by utilizing such content to obtain and route internet user traffic for its customers. The digital content segment activity is conducted by Cortex. As of December 31, 2025, the Company had $10.8 million in total assets and $5.8 million ($4.1 current + $1.7 million noncurrent) in total liabilities, and $5 million in total equity VISIONWRIGHTS: Gets Final OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, entered a final order authorizing VisionWrights, LLC to use cash collateral. Under the final order, the Debtor is permitted to use cash collateral in accordance with a court-approved budget, with a variance cap of 10% on expense line items unless additional approval is obtained from the lenders, the U.S. Trustee, or the court. This authorization remains in effect until modified by further court order or upon confirmation of a reorganization plan. To protect lenders holding valid pre-petition interests, the court granted them replacement liens on post-petition assets, maintaining their collateral position. However, these liens do not extend to avoidance actions under Chapter 5. As part of the court order, the Debtor must make monthly payments of $1,000 to the Subchapter V Trustee. These funds must be held in trust to cover any compensation awarded to the trustee. The order also preserves all parties' rights to challenge claims or seek modifications. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/0BlV7 from PacerMonitor.com. About VisionWrights LLC VisionWrights, LLC is a creative services firm offering marketing, branding, and digital content solutions to businesses. It focuses on developing strategies and materials that strengthen brand presence and engage target audiences. VisionWrights sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50440) on January 9, 2026. In its petition, the Debtor reported between $100,001 and $1 million in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Sage M. Sigler handles the case. The Debtor is represented by Will B. Geer, Esq., at Rountree Leitman Klein & Geer, LLC. VITAL PHARMA: Trust Wins Summary Judgment in Adversary Case ----------------------------------------------------------- Judge Peter D. Rusin of the U.S. Bankruptcy Court for the Southern District of Florida granted the VPX Liquidating Trust's motion for partial summary judgment on Count Three of the second amended complaint in the adversary proceeding captioned as VPX LIQUIDATING TRUST, Plaintiff, v. JOHN H. OWOC, et al., Defendants, Adv. Pro. No. 24-01009-PDR (Bankr. S.D. Fla.). Mr. Owoc founded Vital Pharmaceuticals, Inc. in 1993, serving as its sole officer and shareholder. Under his leadership, VPX experienced significant growth and commercial success with its Bang energy drink brand. At its peak, the company generated over $1 billion in annual revenue -- an extraordinary achievement by any measure. However, central to Bang's commercial success were marketing claims about a proprietary ingredient Mr. Owoc called "Super Creatine." VPX marketed Super Creatine as a superior form of creatine that provided significant physical and mental health benefits. Those claims, as a federal jury would later find, were false. The Complaint in this adversary proceeding refers to the false advertising as the "Super Creatine Scheme." In 2018, Monster Energy Company filed suit against both VPX and Mr. Owoc individually in the United States District Court for the Central District of California, alleging that the Super Creatine advertising violated Section 43(a) of the Lanham Act. Following a seven-week jury trial, the jury: (1) found both VPX and Mr. Owoc liable for false advertising; (2) found that their false advertising was willful and deliberate; and (3) awarded $271,924,174 in damages. Monster was additionally awarded approximately $21 million in attorneys' fees and over $6 million in costs. The total judgment -- which the Court will refer to as the "False Advertising Judgment" -- approached $300 million. The False Advertising Judgment was one of the principal reasons for VPX's bankruptcy filing on Oct. 10, 2022. Ultimately, a Chapter 11 plan of liquidation was confirmed and became effective on Nov. 21, 2023, establishing the VPX Liquidating Trust, which is the Plaintiff in this adversary proceeding. The Trust filed its Motion for Partial Summary Judgment on Dec. 23, 2025, seeking a determination of liability on Count Three -- breach of fiduciary duty arising from the Super Creatine Scheme. The Liquidating Trust contends that the jury's findings in the Monster False Advertising Litigation preclude Mr. Owoc from relitigating whether he willfully and deliberately engaged in false advertising of Super Creatine. The Court agrees. The factual predicate of Count Three -- that Mr. Owoc willfully and deliberately engaged in false advertising of Super Creatine -- is identical to the central issue in the Monster False Advertising Litigation. Accordingly, the Court finds Mr. Owoc is collaterally estopped from relitigating the findings of the False Advertising Judgment, and those findings are established for purposes of this proceeding. Judge Rusin concludes, "Mr. Owoc was VPX's sole fiduciary. He devised the Super Creatine compound, directed VPX to market it with health claims that a federal jury found to be willfully and deliberately false, and in doing so exposed VPX to a judgment approaching $300 million. Collateral estoppel bars relitigation of those findings. Each element of the Trust's breach of fiduciary duty claim -- duty, breach, and damages -- is established as a matter of law. None of Defendant's arguments creates a genuine dispute of material fact, and the equitable and legal defenses he raises are either waived, inapplicable, or contrary to public policy." Defendant John H. Owoc is liable for breach of fiduciary duty as alleged in Count Three. The Court's determination of damages is reserved for further proceedings. Defendant's Cross-Motion for Summary Judgment is denied. A copy of the Court's Opinion dated March 24, 2026, is available at https://urlcurt.com/u?l=UrTOg7 from PacerMonitor.com. About Vital Pharmaceuticals Since 1993, Florida-based Vital Pharmaceuticals, Inc., doing business as Bang Energy and as VPX Sports, has developed performance beverages, supplements, and workout products to fuel high-energy lifestyles. VPX Sports is the maker of Bang energy drinks, among other consumer products. Vital Pharmaceuticals, Inc., along with certain of its domestic subsidiaries and affiliates, filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 22-17842) on Oct. 10, 2022. VPX estimated $500 million to $1 billion in assets and liabilities as of the bankruptcy filing. The Hon. Scott M. Grossman is the case judge. The Debtors hired Latham & Watkins, LLP as bankruptcy counsel; Berger Singerman, LLP as local counsel; Huron Consulting Services, LLC to provide the services of a chief transformation officer; Rothschild & Co. US Inc. as investment banker; Grant Thornton, LLP as their financial advisor; and Stretto as notice, claims and solicitation agent. These firms were hired as special counsel: the Law Firm of Faulkner ADR Law, PLLC; the Law Firm of Haynes and Boone, LLP; and Sanchez Fischer Levine, LLP as their special counsel. C Street Advisory Group was hired as strategy and communications firm. The official committee of unsecured creditors retained Sequor Law, P.A. as its local counsel; Miller Buckfire & Co., LLC and its affiliate, Stifel, Nicolaus & Co. Inc., as investment banker; and Lincoln Partners Advisors, LLC as its financial advisor. A Plan of Liquidation was confirmed in the case. WELCOME GROUP: Court Extends Cash Collateral Access to July 13 -------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Ohio, Eastern Division, extended its final order allowing Welcome Group 2, LLC and its affiliates to continue to use their cash collateral to fund operations. The court extended the Debtors' authority to use cash collateral from March 16 to July 13, subject to the revised budget. The court ordered the Debtors to provide back-up documentation acceptable to RSS WFCM2019-C50 - OH WG2, LLC, the Debtors' secured lender, for the budgetary item concerning Capex prior to utilization of cash collateral for this item. The use of cash collateral is subject to the terms and conditions set forth in the final order issued on Oct. 31, 2023, any further order of the court, and reservation of rights and remedies of the secured lender under the Bankruptcy Code. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/8zlPJ from PacerMonitor.com. About Welcome Group 2 LLC Welcome Group 2, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S. D. Ohio Case No. 23-53044) on September 1, 2023. In the petition signed by Abhijit Vasani, as president, InnVite Opco, Inc., sole member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge C. Kathryn Preston oversees the case. Denis E. Blasius, Esq., at Thomsen Law Group, LLC, represents the Debtor as legal counsel. Secured lender RSS WFCM2019-C50 - OH WG2, LLC, is represented by: Tami Hart Kirby, Esq. Walter Reynolds, Esq. Porter Wright Morris & Arthur LLP One South Main Street, Suite 1600 Dayton, OH 45402-2028 Telephone: (937) 449-6721 Facsimile: (937) 449-6820 E-mail: tkirby@porterwright.com wreynolds@porterwright.com XPRESSGUARDS LLC: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, Broward Division, granted XpressGuards, LLC interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral including cash receipts from January 13 through April 15 to pay business expenses in accordance with the approved interim budget. The Debtor's cash receipts are subject to blanket liens held by secured creditors including BBIF, Commercial Credit Group Inc., and IBS Equity Fund III, LLC. These creditors are adequately protected through ongoing payments and their existing security interests in the Debtor's collateral. A copy of the court's order is available at https://shorturl.at/qBZFz from PacerMonitor.com. The final hearing is scheduled for April 15. The Debtor, which reports total assets of approximately $288,450 and liabilities of $1.53 million, is undergoing a radical restructuring. This plan involves consolidating operations into a single South Florida headquarters, reducing internal headcount by 95%, and transitioning to a variable-cost model that utilizes vetted subcontractors to deliver services. About Xpressguards LLC Headquartered in Hollywood, Florida, XPressGuards, LLC provides professional security services across multiple U.S. states, including armed and unarmed guards, surveillance, executive protection, fire watch, security assessments, and investigations, serving commercial, healthcare, hospitality, and construction sectors. Founded and managed by former law enforcement officers, XPressGuards specializes in delivering comprehensive, tailored security programs for diverse industries. XPressGuards filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10383) on January 13, 2026, with $501,283 in assets and $2,452,440 in liabilities. Moise Louissaint, authorized representative, signed the petition. Judge Scott M. Grossman presides over the case. Jesus Santiago, Esq., represents the Debtor as legal counsel. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re AP Services Pedram Bankr. C.D. Cal. Case No. 26-10678 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/SBAPLXQ/AP_Services_Pedram__cacbke-26-10678__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Jak Enterprises SWFL II LLC Bankr. M.D. Fla. Case No. 26-00732 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/7DQFTKI/Jak_Enterprises_SWFL_II_LLC__flmbke-26-00732__0001.0.pdf?mcid=tGE4TAMA represented by: Michael Dal Lago, Esq. DAL LAGO LAW E-mail: mike@dallagolaw.com In re Peoples Healthcare LLC Bankr. N.D. Ga. Case No. 26-54239 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/OICUDOA/Peoples_Healthcare_LLC__ganbke-26-54239__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Kimberly De Billington Bankr. S.D. Ill. Case No. 26-60057 Chapter 11 Petition filed March 31, 2026 represented by: Jerry Graham, Esq. In re Vanguard Surgical LLC Bankr. W.D. Ky. Case No. 26-30901 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/EZ7XO7A/Vanguard_Surgical_LLC__kywbke-26-30901__0001.0.pdf?mcid=tGE4TAMA represented by: Michael McClain, Esq. MCCLAIN LAW GROUP, PLLC E-mail: mmcclain@mcclainlawgroup.com In re Skye A. Smith DDS, LLC d/ba/ Poise Dental Studio Bankr. E.D. La. Case No. 26-10772 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/F2YMJOY/Skye_A_Smith_DDS_LLC_dba_Poise__laebke-26-10772__0001.0.pdf?mcid=tGE4TAMA represented by: Cynthia Lee Traina, Esq. LAW FIRM OF CYNTHIA LEE TRAINA E-mail: cytraina@yahoo.com In re Soleile at Bowie LLC Bankr. D. Md. Case No. 26-13402 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/5MOARYY/Soleile_at_Bowie_LLC__mdbke-26-13402__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 1029 Kipling Rd, LLC Bankr. D.N.J. Case No. 26-13508 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/CG4CVRQ/1029_Kipling_Rd_LLC__njbke-26-13508__0001.0.pdf?mcid=tGE4TAMA represented by: Michael Schonberger, Esq. LAW OFFICE OF MICHAEL C. SCHONBERGER, LLC E-mail: Michael@Bergeresq.com In re Phillips Family Atlantic Ave LLC Bankr. E.D.N.Y. Case No. 26-71241 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/IO4MQTY/Phillips_Family_Atlantic_Ave_LLC__nyebke-26-71241__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 1983 Pamela LLC Bankr. S.D.N.Y. Case No. 26-10696 Chapter 11 Petition filed March 31, 2026 See https://www.pacermonitor.com/view/KX7LHWI/1983_Pamela_LLC__nysbke-26-10696__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Paul William Stoakes Bankr. C.D. Cal. Case No. 26-12512 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/ER3H5NA/Paul_William_Stoakes__cacbke-26-12512__0001.0.pdf?mcid=tGE4TAMA represented by: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP E-mail: Ocbkatty@aol.com In re Troy B Fuqua Bankr. D. Kan. Case No. 26-20494 Chapter 11 Petition filed April 1, 2026 represented by: Ryan Blay, Esq. In re Steven Riley Clark Bankr. D. Md. Case No. 26-13496 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/VI4MTOQ/Steven_Riley_Clark__mdbke-26-13496__0001.0.pdf?mcid=tGE4TAMA represented by: John D Burns, Esq. THE BURNS LAW FIRM, LLC E-mail: jburns@burnsbankruptcyfirm.com In re K&S Underground LLC Bankr. E.D. Mich. Case No. 26-20488 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/JIXNCQA/KS_Underground_LLC__miebke-26-20488__0001.0.pdf?mcid=tGE4TAMA represented by: George E. Jacobs, Esq. BANKRUPTCY LAW OFFICES E-mail: george@bklawoffice.com In re Michael J. Glickert Bankr. E.D. Mo. Case No. 26-41416 Chapter 11 Petition filed April 1, 2026 represented by: Andrew Magdy, Esq. In re Justine Nichole Mullen Bankr. N.D. Tex. Case No. 26-31430 Chapter 11 Petition filed April 1, 2026 represented by: Hershel Chapin, Esq. In re Anchor Restaurants LLC Bankr. S.D. Tex. Case No. 26-32187 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/FT6YX4Y/Anchor_Restaurants_LLC__txsbke-26-32187__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Denver Spring & Suspension Bankr. D. Colo. Case No. 26-12159 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/RHXXNCA/Denver_Spring__Suspension__cobke-26-12159__0001.0.pdf?mcid=tGE4TAMA represented by: Keri L. Riley, Esq. E-mail: klr@kutnerlaw.com In re Safe Innoviation, Inc. Bankr. S.D. Fla. Case No. 26-14132 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/V4KORMQ/Safe_Innoviation_Inc__flsbke-26-14132__0001.0.pdf?mcid=tGE4TAMA represented by: Jerry A. Borbon, Esq. BORBON & ASSOCIATES, P.A. E-mail: j@borbonlaw.com In re Ambar Transportation Inc. Bankr. E.D.N.Y. Case No. 26-41612 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/UXKKQCQ/Ambar_Transportation_Inc__nyebke-26-41612__0001.0.pdf?mcid=tGE4TAMA represented by: Mark E. Cohen, Esq. BFSNG LAW GROUP, LLP E-mail: mcohen@bfslawfirm.com In re IES Elevator Group Corp Bankr. D. P.R. Case No. 26-01519 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/B7MXY4A/IES_ELEVATOR_GROUP_CORP__prbke-26-01519__0001.0.pdf?mcid=tGE4TAMA represented by: Jesus Enrique Batista Sanchez, Esq. THE BATISTA LAW GROUP, PSC E-mail: jeb@batistasanchez.com In re Shri Jai Ranchhodrai, Inc. Bankr. E.D. Calif. Case No. 26-11488 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/7GFQEWQ/SHRI_JAI_RANCHHODRAI_INC__caebke-26-11488__0001.0.pdf?mcid=tGE4TAMA represented by: Simran Sekhon, Esq. SEKHON LAW A PROFESSIONAL CORPORATION E-mail: admin@slapcorp.com In re Keenan Christopher Olson Bankr. S.D. Ala. Case No. 26-10935 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/ZGAGVPQ/Keenan_Christopher_Olson__alsbke-26-10935__0001.0.pdf?mcid=tGE4TAMA represented by: Alexandra K Garrett, Esq. SILVER VOIT GARRETT & WATKINS E-mail: agarrett@silvervoit.com In re Nicholas Herschell Servies and Eilise Lauren Lane Servies Bankr. S.D. Ind. Case No. 26-02040 Chapter 11 Petition filed April 3, 2026 represented by: John Allman, Esq. In re Yury Gokhberg Bankr. E.D.N.Y. Case No. 26-41636 Chapter 11 Petition filed April 30, 2026 See https://www.pacermonitor.com/view/JGIRYTY/Yury_Gokhberg__nyebke-26-41636__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Kimberly Jo Keiser Bankr. D. S.D. Case No. 26-40096 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/MAT355I/Kimberly_Jo_Keiser__sdbke-26-40096__0001.0.pdf?mcid=tGE4TAMA represented by: Clair Gerry, Esq. GERRY LAW FIRM, PROF. LLC E-mail: gerry@sgsllc.com In re Jody Benson Sharp Bankr. C.D. Calif. Case No. 26-11059 Chapter 11 Petition filed April 2, 2026 In re Carl Jay Wall, Jr. and Julie Anne Wall Bankr. D. Mont. Case No. 26-20090 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/NYMYTIY/CARL_JAY_WALL_JR_and_JULIE_ANNE__mtbke-26-20090__0001.0.pdf?mcid=tGE4TAMA represented by: Zach Duhon, Esq. DESCHENES & ASSOCIATES LAW OFFICES Email: da@dalawmt.com In re Mark R Riley Bankr. S.D. Tex. Case No. 26-32219 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/A53GYQY/Mark_R_Riley__txsbke-26-32219__0001.0.pdf?mcid=tGE4TAMA represented by: Genevieve M. Graham, Esq. GENEVIEVE GRAHAM LAW, PLLC E-mail: ggraham@graham-pllc.com In re Shirlene Elizabeth Ingraham Bankr. S.D. Fla. Case No. 26-14157 Chapter 11 Petition filed April 2, 2026 represented by: Alexandra Oriol-Bennett, Esq. In re Universal Trade Resources LLC Bankr. N.D. Ga. Case No. 26-54465 Chapter 11 Petition filed April 3, 2026 See https://www.pacermonitor.com/view/IXVHOAA/Universal_Trade_Resources_LLC__ganbke-26-54465__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re LL Creations LLC Bankr. M.D. Fla. Case No. 26-02729 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/CR74TYQ/LL_Creations_LLC__flmbke-26-02729__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSON AINSWORTH PLLC E-mail: jeff@bransonlaw.com In re Harshad & Nasir, Incorporated Bankr. C.D. Calif. Case No. 26-11057 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/4SWEQNA/Harshad__Nasir_Incorporated__cacbke-26-11057__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re April Management, LTD, f/k/a April Management, LLC Bankr. N.D. Ohio Case No. 26-11535 Chapter 11 Petition filed April 3, 2026 See https://www.pacermonitor.com/view/SJAVBFY/April_Management_LTD_fka_April__ohnbke-26-11535__0001.0.pdf?mcid=tGE4TAMA represented by: Susan M. Gray, Esq. SUSAN M. GRAY E-mail: smgray@smgraylaw.com In re Haralambos Karas Bankr. E.D.N.Y. Case No. 26-41640 Chapter 11 Petition filed April 3, 2026 represented by: Lawrence Morrison, Esq. In re Luke Robert Fitzgerald Bankr. D. Nev. Case No. 26-50337 Chapter 11 Petition filed April 3, 2026 See https://www.pacermonitor.com/view/KMWMB4Q/LUKE_ROBERT_FITZGERALD__nvbke-26-50337__0001.0.pdf?mcid=tGE4TAMA represented by: Kevin A. Darby, Esq. DARBY LAW PRACTICE, LTD. E-mail: kevin@darbylawpractice.com In re James Turner Bankr. N.D. Ga. Case No. 26-54479 Chapter 11 Petition filed April 3, 2026 In re Benny Daneshjou Bankr. N.D. Tex. Case No. 26-41509 Chapter 11 Petition filed April 3, 2026 represented by: Bryan Dozier, Esq. In re Breakfast Bitch L LLC Bankr. D. Ariz. Case No. 26-03289 Chapter 11 Petition filed April 3, 2026 See https://www.pacermonitor.com/view/UUYB3TA/Breakfast_Bitch_L_LLC__azbke-26-03289__0001.0.pdf?mcid=tGE4TAMA represented by: Lamar Hawkins, Esq. GUIDANT LAW PLC E-mail: lamar@guidant.law In re Denton County Brewing Company Bankr. E.D. Tex. Case No. 26-41148 Chapter 11 Petition filed April 3, 2026 See https://www.pacermonitor.com/view/AFSKWZA/Denton_County_Brewing_Company__txebke-26-41148__0001.0.pdf?mcid=tGE4TAMA represented by: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC E-mail: robert@demarcomitchell.com In re Third Star Investments LLC Bankr. C.D. Calif. Case No. 26-11062 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/WKPWPTA/Third_Star_Investments_LLC__cacbke-26-11062__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re 614 Beverly DR LLC Bankr. M.D. Fla. Case No. 26-02711 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/H4QCOAA/614_Beverly_DR_LLC__flmbke-26-02711__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Sun Gir Incorporated Bankr. C.D. Calif. Case No. 26-11056 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/TSAVSYI/Sun_Gir_Incorporated__cacbke-26-11056__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re DFG Restaurants, Incorporated Bankr. C.D. Calif. Case No. 26-11060 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/R72SILQ/DFG_Restaurants_Incorporated__cacbke-26-11060__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re Signmakers Custom Signage & Fabrication LLC Bankr. C.D. Calif. Case No. 26-13217 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/VV3VKFI/Signmakers_Custom_Signage__Fabrication__cacbke-26-13217__0001.0.pdf?mcid=tGE4TAMA represented by: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP E-mail: Ocbkatty@aol.com In re K&S Underground LLC Bankr. E.D. Mich. Case No. 26-20488 Chapter 11 Petition filed April 1, 2026 See https://www.pacermonitor.com/view/JIXNCQA/KS_Underground_LLC__miebke-26-20488__0001.0.pdf?mcid=tGE4TAMA represented by: George E. Jacobs, Esq. BANKRUPTCY LAW OFFICES E-mail: george@bklawoffice.com In re Second Star Holdings, LLC Bankr. C.D. Calif. Case No. 26-11061 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/WAPGMKA/Second_Star_Holdings_LLC__cacbke-26-11061__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re Senior Classic Leasing, LLC Bankr. C.D. Calif. Case No. 26-11058 Chapter 11 Petition filed April 2, 2026 See https://www.pacermonitor.com/view/REEOJUY/Senior_Classic_Leasing_LLC__cacbke-26-11058__0001.0.pdf?mcid=tGE4TAMA represented by: Eric Bensamochan, Esq. THE BENSAMOCHAN LAW FIRM, INC. E-mail: eric@eblawfirm.us In re 967 JNC LLC Bankr. M.D. Fla. Case No. 26-02219 Chapter 11 Petition filed March 30, 2026 See https://www.pacermonitor.com/view/HWHPGMI/967_JNC_LLC__flmbke-26-02219__0001.0.pdf?mcid=tGE4TAMA represented by: Daniel A. Velasquez, Esq. LATHAM LUNA EDEN & BEAUDINE LLP E-mail: dvelasquez@lathamluna.com In re Morgan Dean King and Nancy Finley King Bankr. W.D. Tex. Case No. 26-10598 Chapter 11 Petition filed April 6, 2026 In re Thomas Leon Walker Bankr. N.D. Tex. Case No. 26-31485 Chapter 11 Petition filed April 6, 2026 See https://www.pacermonitor.com/view/CIDE7VQ/Thomas_Leon_Walker__txnbke-26-31485__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Gene Charles Lentz and Maria Elena Lentz Bankr. S.D. Fla. Case No. 26-14267 Chapter 11 Petition filed April 6, 2026 represented by: Alexandra Oriol-Bennett, Esq. In re Barak Edward Samson Bankr. M.D. Fla. Case No. 26-02804 Chapter 11 Petition filed April 6, 2026 See https://www.pacermonitor.com/view/2LG5M4Y/Barak_Edward_Samson__flmbke-26-02804__0001.0.pdf?mcid=tGE4TAMA represented by: Harley E. Riedel, Esq. STICHTER, RIEDEL, BLAIN & POSTLER, P.A. E-mail: hriedel@srbp.com In re Asad U. Qamar Bankr. M.D. Fla. Case No. 26-01488 Chapter 11 Petition filed April 6, 2026 See https://www.pacermonitor.com/view/72M7EAQ/Asad_U_Qamar__flmbke-26-01488__0001.0.pdf?mcid=tGE4TAMA represented by: Scott A. Stichter, Esq. STICHTER, RIEDEL, BLAIN & POSTLER, P.A. E-mail: sstichter@srbp.com In re C. Randall Harrell and Marissa Morris Harrell Bankr. M.D. Fla. Case No. 26-02793 Chapter 11 Petition filed April 6, 2026 represented by: Steven Berman, Esq. In re Julian Koski Bankr. S.D.N.Y. Case No. 26-10740 Chapter 11 Petition filed April 5, 2026 represented by: Adrienne Woods, Esq. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***