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260415.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, April 15, 2026, Vol. 30, No. 105 Headlines 1701 BINGLE: Commences Subchapter V Bankruptcy in Texas 1ST CHOICE UTILITY: Hires Lisa Stephens as Accountant 2027 CONNELLY: Starts Chapter 7 Bankruptcy in Georgia 218 7TH ST. SE: Hires Johnson Law Group as Bankruptcy Counsel 285 E. 16TH: Commences Chapter 7 Bankruptcy in New York 410 SOUTH MORGAN: Wins Interim Cash Collateral Access 468 FOURTH: Starts Chapter 11 Bankruptcy in New Jersey 501 JERSEY: Seeks Chapter 11 Bankruptcy in New York 52 SALEM: Hires Bowditch & Dewey as Bankruptcy Counsel 599 LIBERTY: Seeks to Hire Bronson Law Offices as Counsel 63 MILL RIVER: Hires Dahiya Law Offices as Bankruptcy Counsel 771 BROADWAY: Ronald Friedman Named Subchapter V Trustee AGI MARKETING: Unsecureds to be Paid in Full over 72 Months AGREETA SOLUTIONS: Taps Jeansonne & Remondet as Special Counsel ALPINE CORP: Court OKs Continued Access to Cash Collateral AMERICAN LANGUAGE: Linda Leali Named Subchapter V Trustee AMERICAN PUBLIC: S&P Withdraws 'B+' Issuer Credit Rating APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral APPLE TREE LIFE: Seeks $7MM as Court Mulls Chap.11 Funding Fight APPLE TREE: Seeks to Extend Plan Exclusivity to Sept. 8 ARCHDIOCESE OF NEW YORK: $2-Billion Abuse Deal Pitched in Talks ARCON CONSTRUCTION: Hires Ringstad & Sanders LLP as Counsel ATRIUM COURT: Seeks to Hire Springer Larsen LLC as Counsel B&R EQUIPMENT: Voluntary Chapter 11 Case Summary BARINA GROUP: Commences Chapter 7 Bankruptcy in New York BEAN BROTHERS: Seeks to Extend Plan Exclusivity to May 30 BIA HOSPITALITY: Creditors to Get Proceeds From Liquidation BLACKHAWK INDUSTRIAL: Antares PCF Marks $1MM 1L Loan at 55% Off BOMBARDIER RECREATIONAL: S&P Upgrades ICR to 'BB+', Outlook Stable BOREN INC: Gets Final OK to Use Cash Collateral BOY SCOUTS: Slater Slater Says Fee Feud Outside Bankruptcy BRL PROPERTIES: Seeks Chapter 12 Bankruptcy in Indiana CALLAWAY ARTS: Seeks to Hire Kirby Aisner & Curley as Attorney CANNON CONSTRUCTORS: Final Construction Payment to Fund Plan CAROLINA FITNESS: Hires Ordinary Course Professionals CASTILLO GRAND: Hires Moritt Hock & Hamroff as General Counsel CATURUS ENERGY: S&P Places 'B-' ICR on CreditWatch Positive CENTERSTONE REALTY: Andrew Kight Named Subchapter V Trustee CHEN FOUNDATION: Seeks to Hire Jacobs P.C. as Counsel CINEMAWORLD OF FLORIDA: Unsecureds to Split $200K in Plan CJC SHELL: Gets Extension to Access Cash Collateral COAST TO COAST: Hires Tranzon Driggers as Auctioneers COREWEAVE INC: Moody's Rates New $1.25BB Sr. Unsecured Notes 'B1' CTN HOLDINGS: Chapter 7 Trustee Seeks to Stop California Fraud Suit DAAON INC: Seeks Chapter 7 Bankruptcy in California DAY TRANSLATIONS: Hires Chauncey & Company as Accountant DGL GROUP: Quartix's Lender Seeks to Collect $1.3MM DIECKMANN RANCH: Seek Chapter 12 Bankruptcy in Indiana DOCK ON COOLEY: Seeks Chapter 11 Bankruptcy in Michigan DOUBLESHOT HOLDINGS: Amends Unsecureds & Secured Claims Pay DURHAM CHARTER: S&P Affirms 'BB-' ICR, Outlook Stable DYNAMIC TRANSPORT: Gets Interim OK to Use Cash Collateral EAGLE HIGHLAND: Andrew Kight Named Subchapter V Trustee EAST 115TH STREET: To Sell New York Property to Mott Haven Equity EEW AMERICAN: Deadline for Panel Questionnaires Set for April 20 ELECTRONIC SYSTEM: Case Summary & 20 Largest Unsecured Creditors ELK RUN: Seeks to Hire Hilco Real Estate as Real Estate Agent ESSENTIALS MASSAGE: Gets Extension to Access Cash Collateral ESV PROPERTIES: Seeks Chapter 7 Bankruptcy in California EVERYWHERE INTERNET: Case Summary & 17 Unsecured Creditors FAIRFIELD WILLIAMSBURG: Hires Myers Brettholtz as Accountant FALLS OF BRAEBURN: Hires Hughes Waters Askanase LLP as Counsel FINCH THERAPEUTICS: Hires Omni Agent as Administrative Agent FINCH THERAPEUTICS: Seeks to Hire Ropes & Gray LLP as Attorney FINCH THERAPEUTICS: Taps Chipman Brown Cicero & Cole as Co-Counsel FINCH THERAPEUTICS: Taps Rock Creek Advisors as Financial Advisor FIRST BRANDS: Cleared to Sell Filter, Windshield Wiper IP in Ch. 11 FLEUR DE LIS: Hires Bickham Law Practice LLC as Counsel GARCIA ON 121ST: Seeks Chapter 7 Bankruptcy in New York GEORGES REALTY: Belmont Property Sale to Lisa & Nick Therrien OK'd GEV IO LLC: Case Summary & 17 Unsecured Creditors GRAND LYLE: Commences Chapter 7 Bankruptcy in Georgia GREAVES PAINT: Hires Richard S. Feinsilver as Counsel GROFF TRACTOR: Seeks to Extend Plan Exclusivity to June 12 HARRISBURG UNIVERSITY: S&P Lowers Revenue Bond Rating to 'CCC-' HAWAII MOLD: Hires Tsugawa Lau & Muzzi LLLC as Counsel HAWTHORNE RACE: Hires Carey White Boland as Special Counsel HAWTHORNE RACE: Hires Getzler Henrich as Financial Advisor HAWTHORNE RACE: Hires Saul Ewing LLP as Bankruptcy Counsel HAWTHORNE RACE: Seeks to Hire FGMK LLC as Accountant HIAWATHA MANOR: Plan Exclusivity Period Extended to Nov. 6 HOMESLEEP LLC: Nancy Isaacson Named Subchapter V Trustee HOWARD'S APPLIANCES: Hearing Today on Bid to Appoint Examiner IAMGOLD CORP: Moody's Ups CFR to B1 & Alters Outlook to Stable IES ELEVATOR: Hires Batista Law Group PSC as Counsel IMMACULATE DETAIL: Joseph Cotterman Named Subchapter V Trustee INFINITY CARE: Seeks to Hire TALG Ltd. as Special Counsel ISM HOLDINGS: Hires Anderson Bowman PLLC as Bankruptcy Counsel JAK ENTERPRISES: Michael Markham Named Subchapter V Trustee JAMESBRIDGE 2017: Receiver Sought Amid $14MM Loan Default K&M JACKSON: Gets Final OK to Use Cash Collateral KEY PAINTING: Case Summary & 15 Unsecured Creditors KOINONIA CONSTRUCTION: To Sell Elko Properties to Multiple Buyers KOKOMO RESTAURANT: Case Summary & 20 Largest Unsecured Creditors LASEN INC: Affiliate Wins Court Nod to Access Cash Collateral LIBERTY CARRIERS: Case Summary & Nine Unsecured Creditors LINNE'S BOUTIQUE: Commences Chapter 7 Bankruptcy in California LIQUOR WORLD: Mark Schlant Named Subchapter V Trustee LOGAN VILLAGE: Andrew Kight Named Subchapter V Trustee LURIN REAL: Hires Mark Shapiro of GlassRatner Advisory as CRO LURIN REAL: Seeks to Hire Porter Hedges LLP as Counsel M. DELANEY: Case Summary & Six Unsecured Creditors MARE ISLAND: Hires Silicon Valley Accountancy as Accountant MAYFLOWER CHOICE: Hires Okeh & Associates PC CPAs as Accountant MED-RIDE INC: Case Summary & 20 Largest Unsecured Creditors MEJJM INC: Andrew Kight Named Subchapter V Trustee MIDWEST CHRISTIAN: Seeks to Sell Assisted Living Assets at Auction MII AVIATION: Committee Hires Faegre Drinker as Co-Counsel MNH ENTERPRISE: Court Extends Cash Collateral Access to Aug. 4 NARU LLC: Gets Final OK to Use Cash Collateral NB ELEMENT: Deadline for Panel Questionnaires Set for April 16 NURIEL & GRACE: Unsecureds to Get 5 Cents on Dollar in Plan O-X HOLDINGS: Secured Party Sets April 17, 2026 Auction OAKTREE OCALA: 45-Day Extension for Plan Filing Granted OAKTREE OCALA: Gets OK to Use Cash Collateral Until May 31 OFFICE PROPERTIES: Interest Holder Seeks Appointment of Examiner OLIVER ARMS: Court OKs East Point Sale to Highest Bidder PAI INVESTMENT: Commences Chapter 11 Bankruptcy in California PARAMOUNT ROOFING: Hires Burgmaier & Associates as Accountant PIC ESTATE: Seeks to Hire Spector & Cox PLLC as Counsel PORTLAND HUNT: Jeffrey Piampiano Named Subchapter V Trustee PRECISION INDUSTRIES: Gets Final OK to Use Cash Collateral PRECISION INDUSTRIES: Hires George E. Jacobs as Legal Counsel PRECISION TRADES: Wins Interim Cash Collateral Access PRESTIGE HEALTHCARE: Court Extends Cash Collateral Access to May 1 PSS TRUCKING: Gina Klump Named Subchapter V Trustee PURDUE PHARMA: Sentencing Scheduled in 2020 Guilty Plea Case QUARTIX FINANCE: Lender Seeks to Collect $1.3MM from Customer QUILLA PAINTING: Carol Fox Named Subchapter V Trustee R-N-B ROOFING: Seeks Chapter 7 Bankruptcy in California R.V. MULLEN: Hires J. William St. Clair as Special Counsel RAD DIVERSIFIED: Court Asked to Approve Appointment of Examiner RAILHEAD INC: Cash Collateral Hearing Set for May 19 RAYFORD SURGICAL: Case Summary & Three Unsecured Creditors RED RIVER: Cancer Researcher Claims J&J Suit Is Intimidation Tactic RED RIVER: NJ Justices Deny Beasley Allen's DQ Appeal in Talc Cases REINFRO LLC: Inteva Lawsuit Administratively Closed RELIANT PLUMBING: Seeks to Extend Plan Exclusivity to June 22 RESULTS STAFFING: Hires Morris Palerm LLC as Counsel ROBLEDO FAMILY: Case Summary & 14 Unsecured Creditors ROOF EZ: Gets Extension to Access Cash Collateral SEAGOVILLE FARMS: Hires Joyce W. Lindauer as Bankruptcy Counsel SECOND STREET: Unsecured Creditors to Split $100K over 4 Years SHABBY SHEEK: Seeks Chapter 7 Bankruptcy in Georgia SHELTERING ARMS: Unsecureds Will Get 100% of Claims in Plan SHOHREH LLC: Seeks Chapter 7 Bankruptcy in California SISSON & SON: Hires Building Wealth Corporation as Accountant SME DUBLIN: Seeks to Extend Plan Exclusivity to July 30 SONORA HOLDINGS: Voluntary Chapter 11 Case Summary SPEYSIDE HOLDINGS: Cash Collateral Hearing Set for May 4 SPEYSIDE HOLDINGS: Law Office of Robert Del Col as Special Counsel SPIRIT AVIATION: Plan Fails to Account for Fuel Price Volatility SPIRIT AVIATION: Seeks to Extend Plan Exclusivity to July 27 STANDARD FREIGHT: Seeks to Hire Tax Workout Group as Accountant STRATTO LLC: Hires Law Office of Stephen L. Burton as Counsel SYAGRUS SYSTEMS: Amends North Star Secured Claims Pay T&T CONSTRUCTION: Initiates Chapter 7 Bankruptcy in California T-4 FARM: Hires Brackett & Ellis P.C. as Special Counsel T-4 FARM: Hires Rochelle Mccullough LLP as Bankruptcy Counsel TAVERN BAR: Gets Interim OK to Use Cash Collateral THOMAS TRIO: Hearing Today on Bid to Use Cash Collateral THREE OAKS: Seeks to Hire Thomas Judy & Tucker PA as Accountant TLC OPERATIONS: Hires Jennings Realty Inc. as Real Estate Broker TRAVERSE MIDSTREAM: S&P Upgrades ICR to 'BB-' on Debt Reduction TRUMBULL LLC: S&P Assigns Prelim 'BB-' Rating on $625MM Term Loan TUPPERWARE BRANDS: Gets $22MM Investor Deal Final Court Approval UG PROPERTIES: Case Summary & Four Unsecured Creditors UNIVERSAL AIR: Court Extends Cash Collateral Access to May 6 UT PROPERTIES: Seeks Chapter 11 Bankruptcy in Utah VANDERBILT MINERALS: Creditors Object to Parent's Liability Release VELCHOFF'S CORNER: Hires Latham Luna Eden as Bankruptcy Counsel VICTORY TEMPLE: Seeks to Hire Johnson & Johnson PC as Counsel VILLAGE HOMES: To Sell Aledo Lots to Jobe Homes for $500K VIRIDIS CHEMICAL: April 27, 2026 Bid Submission Deadline Set VIRIDIS CHEMICAL: Hires Vinson & Elkins LLP as Bankruptcy Counsel VIRIDIS CHEMICAL: Taps Carl Marks Advisory as Investment Banker W.B. BLACKWELL: U.S. Trustee Unable to Appoint Committee WALL VENTURES: Andrew Kight Named Subchapter V Trustee WARINGIN LTD: Seeks Chapter 11 Bankruptcy in New York WATERFRONT RESORT: Hires Garfunkel Wild P.C. as Special Counsel WATERFRONT RESORT: Trustee Taps Togut Segal & Segal LLP as Counsel WAYNE P. JUSTICE: Hires Branson Ainsworth PLLC as Legal Counsel WAYNE P. JUSTICE: Hires Darlene Burke CPA PA as Accountant WAYSTAR TECHNOLOGIES: S&P Upgrades ICR to 'BB' on Lower Leverage WHITE ROCK: To Sell Ford Vehicle to Ford of Boerne for $52K WHITEHALL MANOR: Gets Interim OK to Use Cash Collateral WOODCREST CONDOMINIUMS: Plan Exclusivity Period Extended to June 1 WTA 25: Taps Barnes Law and Katers & Granitz as Litigation Counsel ZIVIEA INC: U.S. Trustee Unable to Appoint Committee [] US Hospitals Rebound From Bankruptcy Only to Slip Back ********* 1701 BINGLE: Commences Subchapter V Bankruptcy in Texas ------------------------------------------------------- On April 9, 2026, 1701 Bingle, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 50–99 creditors. About 1701 Bingle, LLC 1701 Bingle, LLC is a limited liability company engaged in real estate ownership and property investment activities. 1701 Bingle, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-32479) on April 09, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The Debtor is represented by Vicky M. Fealy, Esq. of Fealy Law Firm, PC. 1ST CHOICE UTILITY: Hires Lisa Stephens as Accountant ----------------------------------------------------- 1st Choice Utility Construction, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas to employ Lisa Stephens, CPA, PLC as accountant. The firm will pre the Debtor's federal and state filings and monthly operating reports and related activities, including giving evidence in support of a Plan confirmation. The firm will be paid at these rates: Lisa Stephens $200 per hour Bookkeeping Services $75 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ms. Stephens disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Lisa Stephens Lisa Stephens, CPA, PLC 715 Front Street Conway, AR 72032 Tel: (501) 327-2834 About 1st Choice Utility Construction, LLC 1st Choice Utility Construction, LLC is an Arkansas-based construction company specializing in utility infrastructure and related construction services. 1st Choice Utility Construction sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10397) on February 4, 2026. In its petition, the Debtor reports estimated assets ranging from $100,001 to $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Bianca M. Rucker is presiding over the case. Stanley V. Bond, Esq. at Attorney At Law represents the Debtor as bankruptcy counsel. 2027 CONNELLY: Starts Chapter 7 Bankruptcy in Georgia ----------------------------------------------------- On April 6, 2026, 2027 Connelly LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About 2027 Connelly LLC 2027 Connelly LLC is a real estate holding company focused on property ownership and investment activities. 2027 Connelly LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-54602) on April 6, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Lisa Ritchey Craig handles the case. 218 7TH ST. SE: Hires Johnson Law Group as Bankruptcy Counsel ------------------------------------------------------------- 218 7th St. SE, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire William C. Johnson, Jr., Esq., of The Johnson Law Group, LLC as counsel. The firm's services include: (1) provide general advice and counsel concerning compliance with the requirements of Chapter 11; (2) prepare any necessary amendments to the Debtor's schedules, statement of financial affairs, and related documents as appropriate; (3) represent the debtor in possession in all contested matters; (4) represent as appropriate in any related matters in other Courts; (5) advise and counsel the structure of a plan and any required amendments thereto; (6) advise feasibility of confirmation of a plan and representation in connection with the confirmation process; (7) provide liaison, consultation, and where appropriate, negotiation with creditors and other parties in interest; (8) review of relevant financial information; (9) review of claims with a view to determining which claims are allowable and in what amounts; (10) prosecute claims objections, as appropriate; (11) represent the Section 341 meeting of creditors and at any hearings or status conferences in court; and (12) provide such representations as may be necessary and appropriate to the case. The firm will be paid at the rate of $500 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. William C. Johnson, Jr., Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William C. Johnson, Jr., Esq. The Johnson Law Group, LLC 6305 Ivy Lane Suite 630 Greenbelt, Maryland 20770 Tel: (301) 477-3450 Fax: (301) 477-4813 Email: William@JohnsonLG.Law About 218 7th St. SE, LLC 218 7th St. SE, LLC, a single-asset real estate entity as defined under 11 U.S.C. Section 101(51B), owns a mixed-use commercial property at 218 7th St. SE Washington, D.C. 20003, that combines retail and residential units across multiple floors. 218 7th St. SE, LLC, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Col. Case No. 26-00151) on March 31, 2026, listing $4,331,000 in assets and $2,790,188 in liabilities. The petition was signed by Christopher Powell as managing member. Judge Elizabeth L Gunn presides over the case. William C. Johnson, Jr., Esq. at THE JOHNSON LAW GROUP, LLC serves as the Debtor's counsel. 285 E. 16TH: Commences Chapter 7 Bankruptcy in New York ------------------------------------------------------- On April 09, 2026, 285 E. 16th Str Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About 285 E. 16th Str Inc 285 E. 16th Str Inc is a corporation engaged in real estate ownership and property management activities. 285 E. 16th Str Inc sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41712) on April 09, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. 410 SOUTH MORGAN: Wins Interim Cash Collateral Access ----------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois entered an interim order allowing 410 South Morgan Street, LLC to use the cash collateral of its lender, Federal National Mortgage Association. Under the interim order, the Debtor is authorized to use rents and other cash collateral only for operating expenses strictly in line with an approved budget. Spending is tightly controlled, with a 10% variance cap per line item and overall. The Debtor cannot make payments to insiders except as permitted. The interim authorization lasts until April 24 unless extended. The Debtor's budget shows total operational expenses of $193,482.39 for March, $189,482.39 for April, and $304,482.39 for May. The order provides the lender with adequate protection through monthly debt-service payments (principal and interest) from the Debtor; replacement liens on post-petition assets; and a superpriority administrative claim. Additional protection includes financial reporting, maintaining insurance, allowing inspections, and keeping accurate, up-to-date financial records. The order imposes strict milestones and default provisions. The debtor must pursue a sale or reorganization within set deadlines (e.g. the filing of sale motion within 30 days and Chapter 11 plan within 90 days). Any default such as missed payments, budget violations, or reporting failures can terminate cash collateral use after a five-day cure period. A final hearing is scheduled for April 22. The order is available at https://is.gd/5J2KBB from PacerMonitor.com. About 410 South Morgan Street LLC 410 South Morgan Street LLC is a real estate holding company involved in the ownership and management of commercial property assets in Illinois. 410 South Morgan Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03909) on March 4, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Debtor is represented by Thomas R. Fawkes, Esq. of Tucker Ellis, LLP. 468 FOURTH: Starts Chapter 11 Bankruptcy in New Jersey ------------------------------------------------------ On April 09, 2026, 468 Fourth Ave LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on May 13, 2026 at 11:00 AM via telephonic hearing. Government Proofs of Claim due by October 6, 2026. About 468 Fourth Ave LLC 468 Fourth Ave LLC is a limited liability company engaged in real estate ownership and property management activities. 468 Fourth Ave LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13950) on April 09, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge not listed handles the case. The Debtor is represented by Michael C. Schonberger, Esq. of Law Office of Michael C. Schonberger LLC. 501 JERSEY: Seeks Chapter 11 Bankruptcy in New York --------------------------------------------------- On April 08, 2026, 501 Jersey Avenue LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $50 million and $100 million in debt owed to 1–49 creditors. About 501 Jersey Avenue LLC 501 Jersey Avenue LLC is a limited liability company engaged in property-related holdings and operations. 501 Jersey Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41683) on April 08, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Brett Silverman, Esq., of Silverman Law PLLC. 52 SALEM: Hires Bowditch & Dewey as Bankruptcy Counsel ------------------------------------------------------ 52 Salem Street LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire Bowditch & Dewey, LLP as its chapter 11 bankruptcy counsel. The firm's services include: (a) advising the Debtor with respect to its rights, powers and duties as a debtor-in-possession in the continued operation and management of its businesses and properties; (b) representing the Debtor at all hearings and matters pertaining to its affairs as debtor and debtor-in-possession; (c) preparing, on the Debtor's behalf, all necessary and appropriate applications, motions, answers, orders, reports, and other pleadings and documents, and reviewing all financial and other reports filed in this Chapter 11 case; (d) advising the Debtor with respect to, and assisting in the negotiation and documentation of, financing agreements and related transactions; (e) reviewing and analyzing the nature and validity of any liens asserted against the Debtor's property and advising the Debtor concerning the enforceability of such liens; (f) advising the Debtor regarding its ability to initiate actions to collect and recover property for the benefit of its estate; (g) advising and assisting the Debtor in connection with the potential sale of the Debtor's assets and preparing documents and related pleadings concerning same; (h) advising the Debtor concerning executory contract and unexpired lease assumptions, lease assignments, rejections, restructurings and recharacterization of contracts and leases; (i) reviewing and analyzing the claims of the Debtor's creditors, the treatment of such claims and the preparation, filing or prosecution of any objections to claims; (j) preparing, on the Debtor's behalf, and advising the Debtor with respect to any plan of reorganization or liquidation and all pleadings and documents related thereto; (k) commencing and conducting any and all litigation necessary or appropriate to assert rights held by the Debtor, protect assets of the Debtor's Chapter 11 estate or otherwise further the goal of effectuating the Debtor's reorganization other than with respect to matters to which the Debtor retains special counsel; and (l) performing all other legal services and providing all other necessary legal advice to the Debtor as debtor-in-possession which may be necessary in the Debtor's bankruptcy proceeding. Bowditch & Dewey LLP will seek compensation based on its normal and usual hourly billing rates, which currently range from $395 to $900 per hour for partners, $365 to $580 per hour for of-counsel, $275 to $475 per hour for associates, and $150 to $325 for paralegals. The billing rate for Christopher Condon, who will have principal responsibility for this matter, is $595 per hour. The firm has received a $25,000 retainer from Andrew Collins as security for services to be provided. Bowditch & Dewey 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: Christopher M. Condon, Esq. BOWDITCH & DEWEY LLP 75 Federal Street Boston, MA 02110 Telephone: (617) 757-6513 E-mail: ccondon@bowditch.com About 52 Salem Street LLC 52 Salem Street LLC is a single asset real estate company. 52 Salem Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-10012) on January 05, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher J. Panos handles the case. Christopher M. Condon, Esq. at Bowditch & Dewey, LLP serves as the Debtor's counsel. 599 LIBERTY: Seeks to Hire Bronson Law Offices as Counsel --------------------------------------------------------- 599 Liberty Ave, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Bronson Law Offices P.C. to handle its Chapter 11 case. The firm will be paid at these rates: H. Bruce Bronson, Esq., Attorney $605 per hour Paralegal $150 to $250 per hour The firm received a retainer in the amount of $10,000. Mr. Bronson 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: H. Bruce Bronson, Esq. Bronson Law Offices, PC 480 Mamaroneck Ave. Harrison, NY 10528 Telephone: (914) 269-2530 Facsimile: (888) 908-6906 Email: hbbronson@bronsonlaw.net About 599 Liberty Ave, LLC 599 Liberty Ave LLC is a privately held real estate company engaged in the ownership, leasing, and management of commercial and residential properties. 599 Liberty Ave LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41070) on March 5, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by H. Bruce Bronson, Esq., of Bronson Law Offices PC. 63 MILL RIVER: Hires Dahiya Law Offices as Bankruptcy Counsel ------------------------------------------------------------- 63 Mill River Road LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Dahiya Law Offices LLC as bankruptcy counsel. The firm will render these services: (a) assist and advise the Debtor relative to the administration of this proceeding; (b) represent the Debtor before the Bankruptcy Court and advise it on all pending litigations, hearings, motions, and of the decisions of the Bankruptcy Court; (c) review and analyze all applications, orders, and motions filed with the Bankruptcy Court by third parties in this proceeding and advise the Debtor thereon; (d) attend all meetings conducted pursuant to section 341(a) of the Bankruptcy Code and represent the Debtor at all examinations; (e) communicate with creditors and all other parties in interest; (f) assist the Debtor in preparing all necessary applications, motions, orders, supporting positions taken by it, and prepare witnesses and review documents in this regard; (g) confer with all other professionals; (h) assist the Debtor in its negotiations with creditors or third parties concerning the terms of any proposed plan of reorganization; (i) prepare, draft and prosecute the plan of reorganization and disclosure statement; (j) assist the Debtor in performing such other services as may be in its interest and the estate and performing all other required legal services; and (k) prosecute such claims. The firm will be paid at these hourly rates: Principal $750 Counsel $550 Associate $200 - $350 Paralegal $75 - $125 In addition, the firm will seek reimbursement for expenses incurred. The firm has received $25,000 from the Debtor as a retainer. Karamvir Dahiya, Esq., a principal at Dahiya Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Karamvir Dahiya, Esq. Dahiya Law Offices, LLC 111 John Street Suite 1860 New York, NY 10038 Tel: (212) 766 8000 Email: karam@dahiya.law About 63 Mill River Road LLC 63 Mill River Road, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73371) on September 3, 2025, with $1,000,001 to $10 million in assets and liabilities. Judge Alan S. Trust presides over the case. 771 BROADWAY: Ronald Friedman Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Region 2 appointed Ronald Friedman, Esq., at Rimon, PC as Subchapter V trustee for 771 Broadway Bean, LLC. Mr. Friedman will be paid an hourly fee of $850 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Friedman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Ronald J. Friedman, Esq. Rimon PC 100 Jericho Quadrangle, Ste. 300 Jericho, NY 11753 Email: ronald.friedman@rimonlaw.com About 771 Broadway Bean LLC 771 Broadway Bean LLC is a New York-based company engaged in the food and beverage sector, operating a cafe or coffee shop concept serving local customers. 771 Broadway Bean LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41531) on March 30, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Lawrence Morrison, Esq. AGI MARKETING: Unsecureds to be Paid in Full over 72 Months ----------------------------------------------------------- AGI Marketing, Inc. filed with the U.S. Bankruptcy Court for the Western District of Texas an Original Disclosure Statement in support of Original Plan of Reorganization dated March 31, 2026. AGI is a Texas corporation. It provides digital marketing services to various business in the United States. James Singelyn is the founder and President of the Debtor LLC. He oversees all operations, management, and all aspects of the Debtor's operations. He is the sole director, making all decisions regarding governance. The Debtor has a robust management team in place, overseen by Mr. Singelyn. AGI filed for Chapter 11 bankruptcy protection on October 2, 2025, as a result of an audited tax liability to the Texas Workforce Commission. Specifically, AGI had certain revenues that it contended were not subject to Texas state sales tax. The Texas Workforce Commission disagreed. Upon assessment of its audited taxes, the Debtor initiated a contested appeal process with the Texas State Office of Administrative Hearings. The TWC prevailed in those proceedings and initiated collection efforts that threatened to halt the Debtor's business operations. AGI receives all of its funding from revenue generated by ongoing operations in the ordinary course of its business. The Plan of Reorganization seeks to restructure prepetition claims while allowing AGI to continue its business operations. To this end, its revenue from ongoing business operations will make the Plan feasible. Class 4 consists of General Unsecured Claims of Square and Juan H. Gil II, PLLC. This Class is impaired. Class 4 pertains to the following: * The allowed unsecured claim of Square, in the amount of $37,096.15 [Claim #2]. This claim will be paid in full, in equal monthly installments of $515.22 over 72 months, until paid in full. The first payment shall be made on June 1, 2026. * The allowed unsecured claim of Juan H. Gil II, PLLC, in the amount of $5,737.00 [Claim #4]. This claim will be paid in full, in equal monthly installments of $79.68 over 72 months, until paid in full. The first payment shall be made on June 1, 2026. Class 5 consists of Executory Contract with Cony Nanez. Class 5 pertains to the commercial lease of the Debtor's primary operating address. Debtor was current on its rental payments as of the petition date. Regular monthly rental payments of $2,500.00 will continue under the Plan. The Plan is based on the future earnings of AGI, and it will commit this revenue to funding the Plan. No liquidation of assets, factoring of receivables, or requests to incur debt is contemplated. AGI believes that the estate will generate sufficient future income to fund the obligations under the proposed Plan and that no further reorganization proceedings are likely. A full-text copy of the Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=QRAl8y from PacerMonitor.com at no charge. Counsel to the Debtor: James "Jim" K. Jopling, Esq. Attorney at Law 521 Texas Ave Ste 102 El Paso, TX 79901 Tel: (915) 541-6099 Fax: (866) 864-6854 Email: jim@joplinglaw.com About AGI Marketing, Inc. AGI Marketing, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-31273) on Oct. 2, 2025, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Christopher G Bradley presides over the case. James Kerby Jopling, Esq. at Jim K. Jopling, Attorney At Law, represents the Debtor as counsel. AGREETA SOLUTIONS: Taps Jeansonne & Remondet as Special Counsel --------------------------------------------------------------- Agreeta Solutions USA, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Jeansonne & Remondet LLC as special counsel. The firm will render these services: a. advise and represent the Debtor with respect to the Debtor's rights and obligations in accordance with applicable law; b. prepare necessary pleadings, motions, report, orders and other papers in connection with the District Court Action and to conduct examinations as may be necessary and permitted under applicable law; c. advise and represent the Debtor with regard to negotiations with the parties; and d. perform any and all other legal services incident or necessary to properly represent the Debtor under the law. The firm will receive compensation as follows: a. a post-petition a retainer fee of $10,000; b. hourly rates of $250 per hour for senior attorneys, $225 per hour for Associate attorneys, $90 per hour for paralegals and legal assistants; and c. a contingency fee of 15% of any recovery. As disclosed in the court filings, Jeansonne & Remondet LLC is a "disinterested person" under 11 U.S.C. Sec. 101(14). The firm can be reached through: Michael J. Remondet, Jr., Esq. Jeansonne & Remondet LLC 365 Canal St Suite 1660 New Orleans, LA 70130 Phone: (504) 524-7333 About Agreeta Solutions USA LLC Agreeta Solutions USA, LLC develops digital solutions for the agriculture technology sector, offering platforms that integrate smart farming, traceability, and agri-commerce tools. It operates in Peachtree Corners, Georgia, and focuses on improving farm productivity, supply chain transparency, and market connectivity. Its services include precision agriculture analytics, end-to-end food product traceability, and support for farmer networks. Agreeta Solutions USA sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-59677) on August 25, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. The Debtor is represented by Theodore N. Stapleton, Esq. at Theodore N. Stapleton, P.C. ALPINE CORP: Court OKs Continued Access to Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, approved Alpine Corporation's continued use of cash collateral. The court on April 13 entered an interim order authorizing the Debtor to continue using cash collateral to fund its operations on the same terms and conditions that applied under its March 30 interim orders. All forms of adequate protection previously granted to secured creditors remain fully effective. The April 13 order is available at https://is.gd/zodTKm from PacerMonitor.com. The court continued the hearing to May 12. Alpine has one secured creditor, IDB Bank, which received "adequate protection" payment of $40,000 under the March 30 interim order. IDB Bank holds a term loan of $159,598 and a revolving line of credit of $14,107,958, secured by substantially all of the Debtor's personal property including accounts receivable, inventory, equipment, furniture, and goodwill. The collateral is valued at approximately $16.7 million. The Debtor also obtained loans from three Hard Money Lenders -- Samson MCA LLC, 968 W Veterans Realty, LLC, and GBR Funding West, Inc. -- with security interests in future accounts. These liens, however, were filed during the 90-day preference period and are avoidable. About Alpine Corporation Alpine Corporation founded in 1999 and based in California, designs, imports, and distributes home, garden, and holiday products, offering a range that includes outdoor lighting, fountains, planters, garden decor, seasonal items, and innovative new products such as Bluetooth speakers. The Company operates an in-house design team known for producing decorative and functional pieces, and maintains a global sourcing operation to ensure quality, competitive pricing, and timely delivery. Alpine serves both retail stores and online customers through its platform, positioning itself in the home and garden products industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10067) on January 5, 2026. In the petition signed by Robby Soofer, president, the Debtor disclosed $18,816,855 in total assets and $25,958,701 in total liabilities. Judge Neil W. Bason oversees the case. Michael S. Kogan, Esq., at Kogan Law Firm, APC, represents the Debtor as bankruptcy counsel. AMERICAN LANGUAGE: Linda Leali Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq., as Subchapter V trustee for The American Language Kollege, Inc. Ms. Leali will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Leali declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Linda M. Leali Linda M. Leali, P.A. 2525 Ponce De Leon Blvd., Suite 300 Coral Gables, FL 33134 Telephone: (305) 341-0671, ext. 1 Facsimile: (786) 294-6671 Email: leali@lealilaw.com About The American Language Kollege Inc. The American Language Kollege, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-13936) on March 30, 2026, with $1,000,001 to $10 million in assets and liabilities. Morgan B. Edelboim, Esq. represents the Debtor as legal counsel. AMERICAN PUBLIC: S&P Withdraws 'B+' Issuer Credit Rating -------------------------------------------------------- S&P Global Ratings withdrew all its ratings on American Public Education Inc. (APEI), including the 'B+' issuer credit rating, following the completion of the company's refinancing. At the time of the withdrawal, S&P's outlook on APEI was stable. APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division issued an interim order allowing Apex Electrical Solutions, LLC to use cash collateral. Under the order, the Debtor is authorized to use cash collateral to cover necessary business expenses outlined in an approved budget, with a permitted variance of up to 10% per line item. The Debtor may also make payments approved by the Court, including payments to the Subchapter V Trustee, and any additional amounts expressly approved in writing by ODK Capital, LLC (OnDeck). This authorization remains effective through April 28, unless extended by agreement of the parties. The Debtor projects total operational expenses of $246,652.73 for the period from March 16 to May 3. To protect creditors, the court granted adequate protection in the form of replacement liens to ODK Capital, LLC and other secured creditors. These liens apply to post-petition cash collateral and maintain the same priority and validity as prepetition liens, without requiring further documentation. The Debtor is also required to maintain appropriate insurance coverage and comply with all obligations of a debtor-in-possession under bankruptcy law. The order is entered without prejudice, preserving the rights of parties to seek modifications or assert claims regarding cash collateral. A continued hearing is scheduled for April 28. About Apex Electrical Solutions LLC Apex Electrical Solutions, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01865) on March 17, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Eric S. Golden, Esq. at Burr & Forman LLP represents the Debtor as legal counsel. APPLE TREE LIFE: Seeks $7MM as Court Mulls Chap.11 Funding Fight ---------------------------------------------------------------- Clara Geoghegan of Law360 reports that Apple Tree Life Sciences Inc. has petitioned a Delaware bankruptcy court for permission to draw $7 million on an interim basis from a larger financing package still awaiting approval. The biotech investor said the funds are urgently needed to maintain operations during the pendency of the motion. According to court filings, the company intends to use the money to meet day-to-day expenses and ensure business continuity. Apple Tree cautioned that delays in accessing the capital could hinder its ability to function effectively. In addition to operational needs, the company said the funds would help advance its drug development programs. It argued that continued investment in research is essential to safeguarding enterprise value as it navigates the bankruptcy process, the report states. About Apple Tree Life Sciences, Inc. Apple Tree Life Sciences, Inc., legally known as Apple Tree Life Sciences, Inc., is a life sciences venture capital firm that forms and invests in healthcare and biotechnology companies from early-stage concepts through public market offerings. The firm provides flexible capital and works with venture partners and entrepreneurs-in-residence to develop research-driven enterprises in the therapeutics sector. Its activities span company creation at stages ranging from pre -intellectual-property ideas to asset spinouts. Apple Tree Life Sciences, Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12177) on December 9, 2025. In its petition, the Debtor reports estimated liabilities between $1 billion and $10 billion estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors' General Bankruptcy Co-Counsel is L. Katherine Good, Esq. of POTTER ANDERSON & CORROON LLP. The Debtors' General Bankruptcy Co-Counsel is QUINN EMANUEL URQUHART & SULLIVAN, LLP. The Debtors' Financial & Restructuring Advisor is B. RILEY. The Debtors' Cayman Law Counsel is WALKERS. APPLE TREE: Seeks to Extend Plan Exclusivity to Sept. 8 ------------------------------------------------------- Apple Tree Life Sciences, Inc. and affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 8 and Nov. 5, 2026, respectively. The Debtors explain that the Chapter 11 Cases are sufficiently large and complex to warrant the requested extension of the Exclusive Periods. As discussed in the First Day Declarations, the Debtors and their non-debtor affiliates comprise a biotechnology venture capital enterprise operating and investing in the United States. The Partnership, subject to the Cayman Islands Exempted Limited Partnership Act, operates as the investment fund through its general partner. The complexity of the issues addressed, and the time, effort, and planning required to obtain the progress made thus far cannot be overstated. The Debtors claim that while discussions with Rigmora to reach a consensual resolution of the disputes have yet to bear fruit, the companies remain hopeful that a consensual resolution can be reached. Given the significant outside investor interest expressed to date, the Debtors are confident that the Debtors can be successfully reorganized while providing all limited partners with fair and optimal returns for their limited partnership interests. Accordingly, the Debtors submit that this factor weighs in favor of extending the Exclusive Periods. The Debtors assert that the requested extension of the Exclusive Periods will not prejudice the legitimate interests of postpetition creditors, as the Debtors continue to make timely payments on their undisputed postpetition obligations, at least for now. The only impediment to funding post-petition obligations remains Rigmora's opposition to the use of the funds in the Specific Performance Account which will more than cover the Debtors' post-petition expenses provided that the plan process gets underway. As such, this factor also weighs in favor of allowing the Debtors to extend the Exclusive Periods. The Debtors further assert that they have no ulterior motive in seeking an extension of the Exclusive Periods. The Debtors have worked diligently over the past few months to preserve their estates during the pendency of the Chapter 11 Cases, and require the extension sought by this Motion to ensure that they are able to seek confirmation of the Plan without any unnecessary distractions that would be caused by competing plans. The Debtors are not seeking an extension to pressure creditors or other parties in interest. The Debtors note that termination of the Exclusive Periods would adversely impact the Debtors' efforts to preserve and maximize value of the estates and the progress of the Chapter 11 Cases. Terminating the Exclusive Periods would only serve to foster a chaotic environment and only add the opportunity for parties to engage in counterproductive behavior in pursuit of self-serving alternatives that are simply not feasible under the circumstances of the Chapter 11 Cases. Proposed Counsel to the Debtors: Andrew M. Berdon, Esq. Patricia B. Tomasco, Esq. Rachel E. Epstein, Esq. Alain Jaquet, Esq. Rachel Harrington, Esq. QUINN EMANUEL URQUHART & SULLIVAN, LLP 295 5th Avenue, 9th Floor New York, NY 10016 Telephone: (212) 849-7000 Facsimile: (212) 849-7100 Email: andrewberdon@quinnemanuel.com pattytomasco@quinnemanuel.com rachelepstein@quinnemanuel.com alainjaquet@quinnemanuel.com rachelharrington@quinnemanuel.com - and - Eric D. Winston, Esq. Razmig Izakelian, Esq. Benjamin Roth, Esq. QUINN EMANUEL URQUHART & SULLIVAN, LLP 865 S. Figueroa Street, 10th Floor Los Angeles, CA 90017 Telephone: (213) 443-3000 Facsimile: (213) 443-3100 Email: ericwinston@quinnemanuel.com razmigizakelian@quinnemanuel.com benroth@quinnemanuel.com Counsel to the Debtors: L. Katherine Good, Esq. Brett M. Haywood, Esq. Shannon A. Forshay, Esq. Ethan H. Sulik, Esq. POTTER ANDERSON & CORROON LLP 1313 N. Market Street, 6th Floor Wilmington, DE 19801 Telephone: (302) 984-6000 Facsimile: (302) 658-1192 E-mail: kgood@potteranderson.com bhaywood@potteranderson.com sforshay@potteranderson.com esulik@potteranderson.com About Apple Tree Life Sciences, Inc. Apple Tree Life Sciences, Inc., legally known as Apple Tree Life Sciences, Inc., is a life sciences venture capital firm that forms and invests in healthcare and biotechnology companies from early stage concepts through public market offerings. The firm provides flexible capital and works with venture partners and entrepreneurs-in-residence to develop research-driven enterprises in the therapeutics sector. Its activities span company creation at stages ranging from pre -intellectual-property ideas to asset spinouts. Apple Tree Life Sciences, Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12177) on December 9, 2025. In its petition, the Debtor reports estimated liabilities between $1 billion and $10 billion estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors' General Bankruptcy Co-Counsel is L. Katherine Good, Esq. of POTTER ANDERSON & CORROON LLP. The Debtors' General Bankruptcy Co-Counsel is QUINN EMANUEL URQUHART & SULLIVAN, LLP. The Debtors' Financial & Restructuring Advisor is B. RILEY. The Debtors' Cayman Law Counsel is WALKERS. ARCHDIOCESE OF NEW YORK: $2-Billion Abuse Deal Pitched in Talks --------------------------------------------------------------- James Nani of Bloomberg Law reports that facing more than 1,700 child sexual abuse claims, the Archdiocese of New York last 2025 floated a potential settlement framework of up to $2 billion in discussions with its insurer, Chubb Ltd. The proposal came amid efforts to resolve litigation brought under the Child Victims Act. Filings indicate the archdiocese's outreach followed a proposal from plaintiffs' lawyers representing the majority of claimants. While church officials initially deemed the demand unreasonable, they later acknowledged that a global settlement could be reached at a lower figure based on their internal assessment of liability exposure. The negotiations have become entangled in a contentious coverage dispute, with insurers arguing they lack the information necessary to evaluate the claims. They have pointed to the archdiocese's refusal to disclose mediation records, while the church has maintained that such disclosures would violate confidentiality obligations, according to Bloomberg Law. Chubb has challenged the credibility of the $2 billion figure, describing it as outdated and unsupported by detailed claim valuations. The dispute reflects the broader financial strain on Catholic institutions nationwide as they confront extensive abuse litigation and rising settlement costs, the report states. About New York Archdiocese The Archdiocese of New York is an ecclesiastical district encompassing 296 parishes in the boroughs of Manhattan, the Bronx, and Staten Island in New York City and the counties of Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester. Sixth of New York's eight dioceses have filed for Chapter 11 bankruptcy after dealing with lawsuits dating to when New York temporarily suspended the statute of limitations to give victims of childhood abuse the ability to pursue even decades-old allegations against clergy members, teachers, Boy Scout leaders and others. New York dioceses that have sought bankruptcy are Ogdensburg, Syracuse, Buffalo, Rochester, Albany and Rockville Centre on Long Island. ARCON CONSTRUCTION: Hires Ringstad & Sanders LLP as Counsel ----------------------------------------------------------- Nathan F. Smith, the Trustee for Arcon Construction Corporation seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Ringstad & Sanders LLP as Counsel as its counsel. The firm will provide these services: a. provide general legal advice, representation and counsel on matters relating to administration of this Chapter 11 proceeding. b. undertake legal analysis, prepare and file any pleadings, motions, notices, or orders which may be required for the orderly administration of this Estate, including but not limited to, preparation of notices, motions, a plan, motions for sales of property of the Estate, other contested matters and adversary proceedings; c. commence actions, wherever and whenever appropriate, and to provide legal advice regarding the marshalling and protection of the assets of Debtor for the benefit of creditors of the Estate; d. investigate and prosecute preference, turnover, or fraudulent conveyance actions which may exist for the benefit of creditors of the Estate; and, e. object to claims, if any, after review by the Trustee. In the event objections are filed, counsel will be required to conduct legal analysis, provide legal advice, prepare for, and attend any hearing on objections, as well as to draft any and all pleadings relevant thereto, and to engage in necessary discovery. The firm will be paid at these rates: Todd C. Ringstad, Attorney $725 per hour Nanette D. Sanders, Attorney $725 per hour Karen Sue Naylor, Attorney $625 per hour Becky Metzner, Paralegal $195 per hour Alane Canzone, Paralegal $195 per hour Arlene Martin, Paralegal $150 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Nathan F. Smith and Todd C. Ringstad, a partner at Ringstad & Sanders LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Todd C. Ringstad, Esq. Nanette D. Sanders, Esq. Ringstad & Sanders LLP 23101 Lake Center Drive, Suite 355 Lake Forest, CA 92630 Telephone: (949) 851-7450 Facsimile: (949) 851-6926 Email: todd@ringstadlaw.com nanette@ringstadlaw.com About Arcon Construction Corporation Arcon Construction Corp. operates a general construction and development business in Daly City, Calif., which includes planning, design, general contracting, and construction management. Arcon filed Chapter 11 petition (Bankr. N.D. Cal. Case No. 24-30679) on Sept. 13, 2024, with up to $500,000 in assets and up to $10 million in liabilities. Andrey Libov, chief operating officer, signed the petition. Judge Dennis Montali oversees the case. The Law Offices of Eric J. Gravel is the Debtor's bankruptcy counsel. ATRIUM COURT: Seeks to Hire Springer Larsen LLC as Counsel ---------------------------------------------------------- Atrium Court Village Home Condominium Association seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Springer Larsen, LLC as counsel. The firm will render these services: (a) consult with the Debtor concerning its powers and duties in the continued operation of its business and management of its financial and legal affairs; (b) consult with the Debtor and with other professionals concerning the negotiation, formulation, preparation, and prosecution of a Chapter 11 plan and disclosure statement; (c) confer and negotiate with the Debtor's creditors, other parties in interest, and their respective attorneys and other professionals concerning its financial affairs and property, Chapter 11 plans, claims, liens, and other aspects of this case; (d) appear in court on behalf of the Debtor when required, and will prepare, file, and serve such applications, motions, complaints, notices, orders, reports, and other documents and pleadings as may be necessary in connection with this case; and (e) provide the Debtor with such other services as it may request and which may be necessary in the circumstances. The firm's professionals will be paid at these hourly rates: Richard Larsen, Attorney $490 per hour Thomas Springer, Attorney $495 per hour ` The firm received a pre-petition retainer of $10,000 from the Debtor. Mr. Larsen 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: Richard G. Larsen, Esq. Springer Larsen, LLC 300 South County Farm Rd., Suite G Wheaton, IL 60187 Telephone: (630) 510-0000 Email: rlarsen@springerbrown.com About Atrium Court Village Home Condominium Association Atrium Court Village Home Condominium Association filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03850) on March 4, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Richard G. Larsen, Esq., at Springer Larsen, LLC represents the Debtor as legal counsel. B&R EQUIPMENT: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: B&R Equipment, Inc. 3652 Egbert Road Martinsville, IN 46151 Business Description: B&R Equipment, Inc. operates as a dealer of used agricultural and construction equipment based in Martinsville, Indiana, supplying tractors, harvesters, trucks, and related machinery from multiple brands. Established in 1994, the family-owned company serves farmers and agricultural operators seeking pre-owned equipment. Chapter 11 Petition Date: April 9, 2026 Court: United States Bankruptcy Court Southern District of Indiana Case No.: 26-02155 Judge: Hon. Jeffrey J Graham Debtor's Counsel: Jeffrey Hester, Esq. ALLMAN KIGHT HESTER LLC Lacy Building 54 Monument Circle, Suite 501 Indianapolis IN 46204 Tel: 317-608-1129 Email: jhester@akhlaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Robert T. Lee as president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EGYRERY/BR_Equipment_Inc__insbke-26-02155__0001.0.pdf?mcid=tGE4TAMA BARINA GROUP: Commences Chapter 7 Bankruptcy in New York -------------------------------------------------------- On April 08, 2026, Barina Group LLC commenced a voluntary Chapter 7 case in the U.S. Bankruptcy Court for the Eastern District of New York. Court records indicate the Debtor has liabilities ranging from $100,001 to $1,000,000, with 1–49 creditors. About Barina Group LLC Barina Group LLC operates as a business entity involved in managing assets and related operations. Barina Group LLC filed for protection under Chapter 7 of the U.S. Bankruptcy Code (Case No. 26-71364) on April 08, 2026. The petition lists estimated assets and liabilities each between $100,001 and $1,000,000. The case is assigned to Honorable Bankruptcy Judge Alan S. Trust. BEAN BROTHERS: Seeks to Extend Plan Exclusivity to May 30 --------------------------------------------------------- Bean Brothers Landscaping, LLC asked the U.S. Bankruptcy Court for the Western District of North Carolina to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 30 and July 10, 2026, respectively. Since the Petition Date, the Debtor has been actively and in good faith working to stabilize and restructure its landscaping operations in a manner that will support a feasible plan of reorganization. These efforts include reducing its workforce to align labor costs with current demand, identifying and prioritizing profitable service contracts, and evaluating the appropriate size and composition of its equipment fleet necessary to efficiently service customers. In addition, the Debtor has undertaken focused efforts to collect outstanding accounts receivable, which will materially inform its cash flow projections and creditor recoveries. These ongoing operational and financial initiatives are essential to formulating an accurate and confirmable plan, and additional time is therefore warranted to allow the Debtor to complete this process and propose a plan that maximizes value for creditors. Furthermore, the Debtor has been active in negotiating with secured creditors in good faith proposed plan treatment as well as adequate protection payments for assets that may depreciate in value during the pendency of the case. Consequently, the Debtor submits that its request is made in good faith and not for the purposes of delay, and that no party of interest will be harmed by the granting of the extension requested herein. About Bean Brothers Landscaping LLC Bean Brothers Landscaping, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 25-40201) on Sept. 25, 2025, listing up to $100,001 to $500,000 in both assets and liabilities. Judge Ashley Austin Edwards handles the case. The Debtor is represented by: John C. Woodman, Esq. Essex Richards, P.A. 1701 South Boulevard Tel: 704-377-4300 Fax: 704-372-1357 Email: jwoodman@essexrichards.com BIA HOSPITALITY: Creditors to Get Proceeds From Liquidation ----------------------------------------------------------- Bia Hospitality LLC, d/b/a Bia, filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Plan of Liquidation dated March 31, 2026. The Debtor cannot sustain a Chapter 11 plan of reorganization and, instead, has filed a Plan of Liquidation to maximize recovery for the estate. On March 20, 2026, the Court entered an Order Authorizing the Sale of substantially all of the Debtor's Assets for $70,000. The closing on the sale of the Debtor's Assets is scheduled to take place on March 30, 2026. Pursuant to the Court's Order, the Debtor's secured creditor, The Bank of Greene County, will be paid the sum of $63,886.95, which satisfies The Bank of Greene County in full. Class 4 consists of Unsecured Claims. Allowed claims of all other creditors of the Debtor, including pre-petition unsecured creditors, pre-petition secured creditors to the extent that the Court finds the same unsecured in whole or in part in accordance with Section 506 of the Bankruptcy Code, subject to an allowance of their claims by the Court, are included in Class 4. The Debtor does not anticipate a distribution under the Plan of Liquidation to Class 4 claimants. The claims in this class total approximately $67,848.16. Class 4 is impaired and claimants' votes will be solicited. The source of funds to achieve Consummation and to carry out the Plan shall be the Cash and Assets of the Debtor, sold pursuant to this Court's Order dated March 20, 2026 to I Am Harmonious, LLC. The Debtor ceased operations on February 8, 2026. In addition to the balance of proceeds, the Debtor shall distribute any remaining cash in its accounts as part of its Plan of Liquidation. Kyle Kelley is the Managing Member of the Debtor. The Liquidating Plan contemplates that the Debtor will be dissolved upon entry of the Final Decree. A full-text copy of the Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=gzWf6c from PacerMonitor.com at no charge. Counsel to the Debtor: Michelle L. Trier, Esq. Andrea B. Malin, Esq. Genova, Malin & Trier, LLP 1136 Route 9 Wappinger Falls, NY 12590 Telephone: (845) 298-1600 Email: michelle@gmtllp.com About Bia Hospitality LLC Bia Hospitality LLC operates a fine dining restaurant. Bia Hospitality sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-35165) on February 17, 2026, listing under $1 million in both assets and liabilities. Judge Kyu Young Paek oversees the case. The Debtor tapped Michelle L. Trier at Genova, Malin & Trier, LLP, as bankruptcy counsel and Christopher Montalto, Esq., at Montalto Law Firm as special counsel. BLACKHAWK INDUSTRIAL: Antares PCF Marks $1MM 1L Loan at 55% Off --------------------------------------------------------------- Antares Private Credit Fund has marked its $1,028,000 loan extended to Blackhawk Industrial Distribution, Inc., to market at $460,000 or 45% of the outstanding amount, according to Antares PCF's 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission on March 19, 2026. Antares Private Credit Fund is a participant in a First Lien Revolver loan extended to Blackhawk Industrial Distribution, Inc. The 1L Loan accrues interest at a rate of S + 5.25%, 9.05% per annum. The 1L Loan matures on Sept. 17, 2026. Antares Private Credit Fund is a business development company that provides private credit and financing solutions to middle-market borrowers. The Fund is led by Vivek Mathew as Chief Executive Officer and President and Thomas Sweeney as Chief Financial Officer and Principal Accounting Officer. The Fund can be reached at: Vivek Mathew Antares Private Credit Fund 320 South Canal Street, Suite 4200 Chicago, IL 60606 Telephone: 312-638-4119 About BlackHawk Industrial Distribution BlackHawk Industrial Distribution, Inc., provides industrial distribution services. The Company offers cutting tools, precision instruments, and welding equipment. BlackHawk Industrial Distribution serves customers in the United States. BOMBARDIER RECREATIONAL: S&P Upgrades ICR to 'BB+', Outlook Stable ------------------------------------------------------------------ S&P Global Ratings raised its view of the Valcourt, Que.-based recreational vehicle manufacturer Bombardier Recreational Products Inc.'s (BRP) business risk profile and we removed our negative one-notch financial policy modifier to reflect Bain's lower ownership stakes. As such, S&P Global Ratings raised its long-term issuer credit rating on BRP to 'BB+' from 'BB'. S&P also raised its issue-level rating on BRP's senior secured debt (term loan B) to 'BB+' from 'BB'. The rating on the asset-backed loan (ABL) remains 'BBB-'. The recovery ratings on the ABL and term loan are unchanged at '1' and '3', respectively. S&P said, "The stable outlook incorporates our view that BRP will maintain net debt to EBITDA of about 2x in fiscal 2027 (ending January 2027), as revenue and EBITDA improve from 2026. We expect the company to adhere to a prudent financial policy for shareholder returns." BRP, a global powersports manufacturer with industry-leading profitability, will benefit from easing channel pressures and enhanced product mix. This should improve operating performance and credit measures for fiscal 2027 (ending January 2027). BRP holds leading market positions, with favorable product mix and industry-leading EBITDA margins. S&P raised its view of the company's business risk profile due to its position as the leader in the duopolistic powersports industry in North America. It holds the leading position globally in snowmobile and personal watercraft segment, with 50%-55% of market share. BRP also holds a solid second position in the highly competitive off-road vehicles (ORVs), namely in side-by-side vehicles (SSVs) and all terrain vehicles (ATVs). BRP's solid brand recognition, dominance in snowmobiles and personal watercraft, and consistent focus on growth within off-road vehicles consistently improved market share by about 11 percent points from 2016-2025. In addition, BRP has solid product diversity and mix. Year-round products (ATVs from the Can-Am brand) comprise 57% of total revenue, seasonal products (e.g. snowmobiles) comprise 27%, and the last 16% comprise high-margin parts and accessories. The company's revenue and EBITDA scale is comparable to its closest peers Polaris Inc. and Brunswick Corp. Similar to Polaris, BRP focuses on innovation and speed to market in bringing new products that drives steady revenue growth and that enables BRP to consistently outperforms the powersports industry Seasonal products now make up 27% of company's revenue in 2026 (from 35% in 2016), which reduces volatility associated with unfavorable weather conditions. BRP successfully grew its share of year-round vehicles. It introduced new ORV products that has supported strong growth over the last 10 years. BRP's newest products in high-growth SSVs have also improved market share and grown revenue, particularly in the third and fourth quarters of fiscal 2026. Finally, BRP has the highest five-year-average profitability (13%) compared to peers due to its vertical integration. BRP benefits from brand recognition and high-quality products, allowing for premium pricing. In addition, BRP's accessories carry a high margin. BRP has strong Dealer relationships, modest geographic diversity, and a supportive financing framework. BRP has an extensive global distribution network selling products, directly or indirectly, in over 110 countries, covering dealers, distributors, and rental operators. As of Jan. 31, BRP sells products directly to approximately 2,050 dealers in 21 countries. It regularly holds events to introduce new products and register pre-season orders. Dealers, distributors and rental operators can also modify their orders during the season, depending on the product line and the geography. Given its relationships, BRP has good visibility into inventory levels and can adjust order flow according to demand trends. Furthermore, independent dealers and some distributors have agreements with third-party financing service providers, which finance the purchase of BRP's products and improve its working capital by allowing early collection from dealers and distributors. At the same time, BRP has contractual arrangements with third-party retail financing companies to allow consumers to buy its products in North America. Even though we forecast modest GDP growth for through 2027, BRP's established network of third-party financing partners will enable it to fulfill sales targets. BRP has modest geographic diversity since the U.S. and Canada contribute 70% of total revenue. However, it slightly better than its closest peer Polaris, which has 85%-90% exposure to North American end markets. Easing channel pressures and shifting product mix support operating performance through fiscal 2027 despite a challenging macro environment. BRP successfully navigated uncertainties caused by tariffs, weaker retail demand, and a high promotional environment amid dealer inventory rebalancing. BRP has rightsized its inventory and benefits from a cleaner wholesale to dealer channel, which allows it to sell current products to dealers. BRP ended fiscal 2026 with 17% lower inventory levels in North America compared to a year ago. Fourth-quarter 2026 performance was strong, outperforming the powersports industry across majority of product categories--ORVs (ATVs and SSVs) and snowmobiles. S&P said, "We believe BRP is well positioned to replenish inventory, and we forecast revenue growth of 6%-7% in fiscal 2027. We also estimate that BRP's top line will benefit by C$400 million-C$500 million in fiscal 2027 due to higher shipments relative to last year. Continued strength in year-round products and steady demand for parts and accessories should further improve top line. "Similarly, we expect EBITDA margins to improve to around 13.8% in fiscal 2027 mainly due to product-mix benefits (growth of high-margin ORVs) and improved fixed-cost absorption (asset utilization up to 70% from 65%). EBITDA margins should also improve from cost-saving initiatives (about $90 million). Our base case incorporates about 60 basis points (bps) of headwinds, potentially from prolonged higher energy, freight, and commodity costs, which somewhat constrains margin improvement. The discretionary nature of recreational products and risk of earnings volatility mitigates its strengths. The company has exposure to seasonal products such as snowmobiles and personal watercrafts, which depend on cold winters and warm summers to support top-line growth. Hence, weather patterns can cause volatility in revenue. Furthermore, consumers could easily pull back on big-ticket purchases when faced with inflationary pressures, high unemployment rates, and high interest rates. Under such circumstances, revenue could fall 20%-25%, and EBITDA dropping even more due to the fixed-cost nature of the business. Similarly, leverage could spike because of sharp declines in EBITDA. As such, we apply a one-notch volatility adjustment to our leverage and cash flow measures. S&P said, "We expect BRP will manage capital prudently. We forecast capital expenditure (capex) of about C$400 million-C$450 million annually over the next 12-24 months. Nevertheless, we project the company will generate healthy of free operating cash flow (FOCF) of C$400 million-C$500 million annually. We expect the company will be prudent about deploying its free cash flow amid an uncertain macroeconomic environment, balancing dividends, share repurchases, and debt repayment as it did in fiscal 2026. BRP repaid about US$200 million in October 2025 and did only modest share repurchases in fiscal 2026. "We historically applied FS-4 modifier to reflect Bain Capital's sizeable ownership in BRP., Bain Capital has gradually reduced its ownership of BRP; as of December 2025, its equity ownership was 11% and voting rights about 20%. Other than Bain Capital, Beaudier Group (encompassing the Bombardier-Beaudier family) has about 29.7% of an equity stake and more than 50% voting power. The family will likely maintain long-term ownership and follow prudent, measured financial policy decisions. As such, we removed our negative one-notch financial policy modifier to reflect Bain's lower ownership stake. "We now calculate leverage on a net basis and expect leverage around 1.8-2x in 2027. We believe that BRP will prudently manage its capital allocation and financial policy decisions such that it adheres to its stated leverage target of 1.5-2x. "The stable outlook incorporates our view that BRP will maintain net debt to EBITDA of about 2x in fiscal 2027, as revenue and EBITDA improve from the trough in fiscal 2026. We believe the company will maintain a prudent financial policy for shareholder returns." S&P could lower the ratings if net debt to EBITDA sustains above 4.25x. This could occur if: -- Poor operating performance weakens credit metrics because of intensifying competition or persistently weak macroeconomic conditions and lower discretionary spending; or -- BRP undertakes a large debt-funded shareholder distribution or acquisition. S&P could raise the rating on BRP if: -- The company sustains its business scale and market position, particularly in the ORV segment, while maintaining current leverage levels on S&P Global adjusted basis; and -- BRP prudently uses its free operating cash flow (FOCF) for capex investments and shareholder remuneration while maintaining leverage within the company's stated guidance of 1.5-2x. BOREN INC: Gets Final OK to Use Cash Collateral ----------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Tennessee entered a final order authorizing Boren, Inc. to use cash collateral in its Chapter 11 Subchapter V case. Under the final order, the Debtor is permitted to use cash collateral strictly in accordance with an approved budget, with a permissible variance of up to 10% per expense category and overall. Any use outside the approved budget requires further court authorization. To protect secured creditors, the court granted adequate protection in the form of replacement liens on the Debtor's post-petition assets and proceeds, maintaining the same priority as prepetition liens (excluding avoidance actions). These liens are automatically perfected upon entry of the order without the need for additional filings. The order also provides a carveout allowing payment of approved professional fees, Subchapter V trustee fees, and court-related expenses. Additionally, the court directed all parties holding funds owed to the Debtor to immediately release such funds, regardless of prior creditor instructions, and warned that interference would violate the automatic stay under 11 U.S.C. Section 362. The order preserves the rights of all parties to seek further relief and requires notice of the order to be served on key stakeholders, including unsecured creditors, the U.S. Trustee, and lienholders. The order is available at https://is.gd/C0RNVc from PacerMonitor.com. About Boren Inc. Boren, Inc., doing business as Fitness 1440, operates multi-level fitness centers in Nashville, Tennessee, offering 24/7 gym access, swimming pools, saunas, personal training, group fitness classes, and other wellness amenities. It provides membership services with access to multiple locations and specialized fitness equipment. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-04621) on October 31, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Nelson Boren, Jr., regional manager, signed the petition. Judge Charles M. Walker presides over the case. Michelle L. Spezia, Esq., at Johnson Legal, PLLC represents the Debtor as bankruptcy counsel. BOY SCOUTS: Slater Slater Says Fee Feud Outside Bankruptcy ---------------------------------------------------------- Alex Wolf of Bloomberg Law reports that a mass tort law firm, Slater Slater Schulman LLP, told a Delaware bankruptcy court that it cannot decide a fee dispute involving former clients tied to the Boy Scouts of America Chapter 11 case. The firm maintains that the issue centers on private agreements that do not fall under bankruptcy jurisdiction. The dispute arises from claims by 14 former clients who accuse the firm of misleading them about the handling of their sexual abuse cases in the bankruptcy settlement. They have asked the court to intervene and consider sanctions, including actions that could affect the firm’s compensation, the report states. The firm countered that the requested relief—potentially including forfeiture or reduction of contingency fees—amounts to a contractual disagreement better suited for another court. It emphasized that bankruptcy proceedings should not be used to resolve attorney-client fee conflicts, according to Bloomberg. About Boy Scouts of America The Boy Scouts of America -- https://www.scouting.org/ -- is a federally chartered non-profit corporation under title 36 of the United States Code. Founded in 1910 and chartered by an act of Congress in 1916, the BSA's mission is to train youth in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, educational programs, and, at older age levels, career-oriented programs in partnership with community organizations. Its national headquarters is located in Irving, Texas. The Boy Scouts of America and affiliate Delaware BSA, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on Feb. 18, 2020, to deal with sexual abuse claims. Boy Scouts of America was estimated to have $1 billion to $10 billion in assets and at least $500 million in liabilities as of the bankruptcy filing. The Debtors have tapped Sidley Austin LLP as their bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel, and Alvarez & Marsal North America, LLC, as financial advisor. Omni Agent Solutions is the claims agent. The U.S. Trustee for Region 3 appointed a tort claimants' committee and an unsecured creditors' committee on March 5, 2020. The tort claimants' committee is represented by Pachulski Stang Ziehl & Jones, LLP, while the unsecured creditors' committee is represented by Kramer Levin Naftalis & Frankel, LLP. The Debtors obtained confirmation of their Third Modified Fifth Amended Chapter 11 Plan of Reorganization (with Technical Modifications) on September 8, 2022. The Order was affirmed on March 28, 2023. The Plan was declared effective on April 19, 2023. The Hon. Barbara J. House (Ret.) has been appointed as trustee of the BSA Settlement Trust. BRL PROPERTIES: Seeks Chapter 12 Bankruptcy in Indiana ------------------------------------------------------ On April 09, 2026, BRL Properties, LLC filed for Chapter 12 protection in the U.S. Bankruptcy Court for the Southern District of Indiana. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to 1–49 creditors. About BRL Properties, LLC BRL Properties, LLC is a limited liability company engaged in property ownership and management activities, often associated with agricultural or closely held real estate operations. BRL Properties, LLC sought relief under Chapter 12 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02157) on April 09, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities in the same range. CALLAWAY ARTS: Seeks to Hire Kirby Aisner & Curley as Attorney -------------------------------------------------------------- Callaway Arts & Entertainment, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Kirby Aisner & Curley LLP as its attorneys. The firm will render these services: (a) give advice to the Debtor with respect to their powers and duties as Debtor-in-Possession and the continued management of their property and affairs; (b) negotiate with creditors of the Debtor and work out a plan of reorganization and take the necessary legal steps in order to effectuate such a plan including, if need be, negotiations with the creditors and other parties in interest; (c) prepare the necessary legal papers required for Debtor who seeks protection from their creditors under Chapter 11 of the Bankruptcy Code; (d) appear before the Bankruptcy Court to protect the interest of the Debtor and its Estate; (e) attend meetings and negotiate with representatives of creditors and other parties in interest; (f) advise the Debtor in connection with any potential refinancing of secured debt and any potential sale of its business and assets; (g) represent the Debtor in connection with obtaining post-petition financing; (h) take any necessary action to obtain approval of a disclosure statement and confirmation of a plan of reorganization; and (i) perform all other legal services for the Debtor which may be necessary for the preservation of the Debtor's estate and to promote the best interests of the Debtors, their creditors and their estate. The firm's 2026 hourly rates are: Partners $550 to $625 Of Counsel $525 to $625 Associates $400 Law Clerks/Paralegals $175 to $250 Kirby Aisner received the sum of $27,000 as a pre-petition retainer. In addition, the firm will seek reimbursement for expenses incurred. According to court filings, Kirby Aisner & Curley LLP and its attorneys do not have any nonprofessional relationship or hold any adverse interest to the Debtor, its Estate, its creditors, the Office of the U.S. Trustee, Chambers or any other known party in interest. The firm can be reached at: Dawn Kirby, Esq. KIRBY AISNER & CURLEY LLP 700 Post Road, Suite 237 Scarsdale, NY 10583 Telephone: (914) 401-9500 E-mail: dkirby@kacllp.com About Callaway Arts & Entertainment, Inc. Callaway Arts & Entertainment, Inc., headquartered in New York City, is a content-driven intellectual property creation and production company that works with artists to create stories across media platforms. Its work spans fine book publishing, family entertainment, lifestyle products, award-winning apps and immersive experiences. Callaway Arts & Entertainment, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10624) on March 23, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Nicholas Callaway as CEO. Dawn Kirby, Esq. at Kirby Aisner & Curley, LLP serves as the Debtor's counsel. CANNON CONSTRUCTORS: Final Construction Payment to Fund Plan ------------------------------------------------------------ Cannon Constructors North Inc. filed with the U.S. Bankruptcy Court for the Northern District of California a Combined Plan of Liquidation and Disclosure Statement dated March 31, 2026. The Debtor is a licensed general contractor focused on groundup multifamily residential construction in the Bay Area. As of June 13, 2024 (the "Petition Date"), the Debtor's sole ongoing construction project was the 47-unit Permanent Supportive Housing Program located at 2441 Broadway, Vallejo, California 94589 (the "Project"). The Debtor served as general contractor to Firm Foundation Community Housing ("Firm Foundation"), owner of the real property on which the Project was constructed. The City of Vallejo (the "City") was the key driver of the Project because it funded the Project with City funds and grant funds, including federal grant funds. One of the Debtor's first major issues in chapter 11 was how to handle Project payments. Firm Foundation and the City expressed concern about routing subcontractor payments through the Debtor while it was in bankruptcy and asked to pay subcontractors directly. In response, the Debtor sought and obtained an order from the Court authorizing Firm Foundation to pay subcontractors and certain vendors directly during the chapter 11 case. During chapter 11, the Debtor focused almost entirely on completing the Project. Construction moved forward through late 2024 and early 2025, but completion took longer than the Debtor first expected. Weather caused meaningful delay during the winter, and later site conditions required additional grading and soil related work before exterior improvements could be completed. Even with those setbacks, the Debtor brought the Project to the point of final certificate of occupancy and closeout. After completing the Project, the Debtor engaged an auctioneer to conduct a Court-approved auction of certain personal property, with net proceeds of $57,872.90. After the Project neared completion, the Debtor shifted from construction to collection of receivables, analysis of potential litigation, and formulation of a chapter 11 plan of liquidation. The Debtor has expected throughout the case that the remaining payments due on the Project will be to be the Plan's main funding source. Those payments were to come through Firm Foundation, funded by the City. After construction was completed, however, Firm Foundation and the City informed the Debtor that they would not pay, citing alleged cost overruns, then City fiscal concerns. To protect its rights, the Debtor recorded a mechanic's lien against the Project property in the amount of $1,472,241.11. This is an estimate of the full contractual amount owing, including amounts that would flow to subcontractors. It is greater than the initial amount requested from the City, as that request reflected certain good-faith accommodations. The Debtor and Firm Foundation later entered into an agreement extending the Debtor's time to enforce the mechanics lien, which avoided the need for litigation in the short term. Class 3 consists of General Unsecured Claims. Class 3 will be treated in one of two ways. If Class 2 does not exist or does not elect Treatment Option A, then each creditor in Class 3 shall receive a pro rata share of GUC Cash. If Class 2 exists and elects Treatment Option A, then Class 3 shall receive a pro rata share of 35% of the GUC Cash. Class 4 is comprised of holders of shares of the Debtor's stock. Class 4 shall not be entitled to any distributions on account of such shares, under this Plan or otherwise. Class 4 shall retain their equity interests under the Plan until the Court's entry of a final decree. Upon entry of a final decree, all equity interests in the Debtor shall be deemed cancelled and terminated. Class 4 is impaired. Class 4 is deemed to reject the Plan. Election to Class 1 or Class 2. Any holder eligible under this Plan to elect treatment in Class 1 or to opt in to Class 2 must do so by clearly indicating that election on the ballot furnished by the Debtor, or in another writing in form and substance reasonably acceptable to the Debtor, so that such ballot or writing is actually received by the Debtor no later than the deadline to submit ballots. Any election timely received shall be irrevocable unless the Debtor agrees otherwise in writing or as otherwise expressly provided herein. The Debtor may, in its sole discretion, extend the deadline for any such election, whether generally or as to one or more holders, before or after the original deadline, without further notice or order of the Court. construed broadly. This Plan will be funded by the Final Construction Payment, along with the Debtor's cash on hand as of the effective date. A full-text copy of the Combined Plan and Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=On59Ei from PacerMonitor.com at no charge. Counsel to the Debtor: Jeremy H. Rothstein, Esq. James R. Felton, Esq. G&B Law LLP 1600 Ventura Boulevard, Suite 1000 Encino, CA 91436 Telephone: (818) 382-6200 Facsimile: (818) 986-6534 Email: jrothsteing@gblawllp.com About Cannon Constructors North An involuntary petition for relief under Chapter 7 of the Bankruptcy Code was filed against Cannon Constructors North, Inc. on June 13, 2024. Cannon Constructors North, Inc. filed a stipulation to convert case to a case under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 24-30447) on Aug. 8, 2024. On August 9, 2024, the Court entered the Order to convert case under Chapter 11 of Title 11 of the United States Code. Judge Hannah L. Blumenstiel oversees the case. Jeremy H. Rothstein, Esq., at G&B Law LLP represents the Debtor as bankruptcy counsel. CAROLINA FITNESS: Hires Ordinary Course Professionals ----------------------------------------------------- Carolina Fitness Equipment, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ following ordinary course professionals. The Fulp Company Routine accounting services 225 Seven Farms Drive Ste 202 Daniel Island, SC 29492 Morton & Gettys, LLC Routine legal services 113 E. Main Street Suite 201 Rock Hill, SC 29730 About Carolina Fitness Equipment, LLC Carolina Fitness Equipment, LLC sells new and used commercial and residential fitness equipment and provides installation, delivery, and maintenance services from its Belmont, North Carolina location to customers throughout the Carolinas and nearby areas. Carolina Fitness Equipment, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30091) on January 25, 2026. The company reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laura T. Beyer oversees the case. The Debtor is represented by Cole Hayes, Esq. CASTILLO GRAND: Hires Moritt Hock & Hamroff as General Counsel -------------------------------------------------------------- Castillo Grand Hotel Condominium seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Moritt Hock & Hamroff LLP as general counsel. The firm will provide these services: a. advise the Debtor with respect to its responsibilities in complying with the United States Trustee's Guidelines and Reporting Requirements and with the rules of the Court; b. prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of this case; c. protect the interests of the Debtor in all matters pending before the Court; d. represent the Debtor in negotiations with its creditors and in the preparation and confirmation of a plan; e. appear before the Court in support of the Settlement Motion; and f. take such action before the Court to effectuate the terms of the settlement with the Hotel should it be approved by the Court. The firm will be paid at these rates: Partners $635 per hour Counsel Lawyers $495 to $635 per hour Associate Lawyers $395 to $495 per hour Paralegals $175 to $250 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. David A. Blansky, Esq., a partner at Moritt Hock & Hamroff LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David A. Blansky, Esq. Moritt Hock & Hamroff LLP 8151 Peters Road, Suite 3100 Plantation, FL 33324 Tel: (954) 340-2201 About Castillo Grand Hotel Condominium Residences Association Castillo Grand Hotel Condominium Residences Association, Inc. is a Florida-based not-for-profit corporation that manages property operations and resident affairs at 1 North Fort Lauderdale Beach Boulevard in Fort Lauderdale, overseeing the Castillo Grand Hotel Residences condominium complex. Castillo Grand Hotel Condominium Residences Association, Inc. in Fort Lauderdale, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Fla. Case No. 25-23247) on Nov. 7, 2025, listing $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Bruno R. Mazzotta signed the petition as president, signed the petition. TRIPP SCOTT, P.A. serve as the Debtor's legal counsel. CATURUS ENERGY: S&P Places 'B-' ICR on CreditWatch Positive ----------------------------------------------------------- S&P Global Ratings assigned its '4' recovery rating and 'B-' issue-level rating to Caturus Energy LLC's proposed bonds, in line with the ratings on Caturus' existing bonds. S&P said, "We also placed all our ratings on Caturus, including the 'B-' issuer and issue-level ratings, on CreditWatch with positive implications, reflecting Caturus' pro forma increased size and scale. "The CreditWatch reflects the likelihood that we will raise the ratings one notch following close of the transaction, anticipated in the second quarter of 2026." On Feb. 18, 2026, Caturus Energy LLC announced it entered into a definitive agreement with SM Energy Co. to acquire SM's Galvan Ranch assets for $950 million. Caturus launched a new $500 million senior unsecured bond to fund a portion of the transaction. S&P expects the remainder to be funded with equity. "We placed all our ratings on Caturus on CreditWatch positive. Caturus is acquiring SM's Galvan Ranch assets, including approximately 60,000 net acres in South Texas and about 250 million cubic feet equivalent per day (MMcfe/d) of production, for $950 million. The company launched a $500 million senior unsecured bond to fund a portion of the transaction. Caturus also will receive $525 million of equity financing from owners Kimmeridge Energy Management and Mubadala Energy to fund the remainder. It will modestly reduce borrowings on the reserve-based lending (RBL) revolving facility, which increases to $925 million from $675 million. We expect the transaction will close in the second quarter of 2026. "Our action reflects pro forma Caturus' increased size and scale. Caturus focused on organic production growth over the last year to exit 2025 at more than 600 MMcfe/d from about 382 MMcfe/d to exit 2024. On a pro forma basis with this acquisition, we expect production of 950 MMcfe/d at close. We expect 2026 average production of about 860 MMcfe/d to increase to more than 1 billion cfe/d in 2027. The transaction adds product mix diversification, increasing the proportion of liquids to 15%-17% in 2026 and 2027 versus 10% in 2025. We expect Caturus could achieve some operational synergies--particularly with the contiguous Webb County position--although we have not incorporated this into our forecast. "Credit metrics will weaken modestly, and financial risk reflects sponsor ownership. We expect the additional proposed debt and our recent reduction in our natural gas price assumptions will contribute to modestly weaker credit metrics versus our previous forecast in our full analysis despite higher production. We expect Caturus' meaningful hedges--including more than 80% of its gas production for 2026 and 2027--to limit credit metric volatility through 2027. "Nevertheless, our assessment of Caturus' financial risk incorporates its financial sponsor ownership. We believe companies owned by financial sponsors tend to follow a more aggressive financial policy to achieve sponsors' desired returns over a typically finite holding period. Caturus' meaningful cash flow outspending, supplemented by incremental RBL drawings, demonstrates a moderately aggressive financial policy and increases the risk of potential releveraging above our expectations. Specifically, we expect a free operating cash flow deficit of about $200 million this year. "Parent Caturus HoldCo LLC also maintains an investment in Commonwealth LNG, a pre-final investment decision liquefied natural gas export terminal project. We accordingly consider the credit profile of Caturus HoldCo in our analysis of Caturus Energy. While we view leverage at Caturus HoldCo to be relatively in line with that at Caturus Energy, there is risk of additional leverage within the group to fund Commonwealth LNG with no offsetting incremental cash flow. We don't expect the project to be operational until the end of the decade. This also supports our assessment of Caturus' financial risk as highly leveraged. "We placed all ratings on Caturus on CreditWatch with positive implications to reflect the likelihood we will raise them one notch following close of the acquisition, which we anticipate in the second quarter of 2026. We also expect it will be completed as proposed, with no material changes to our operating assumptions." CENTERSTONE REALTY: Andrew Kight Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Andrew Kight of Allman Kight Hester LLC as Subchapter V trustee for Centerstone Realty Group, Inc. Mr. Kight 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. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About Centerstone Realty Group Centerstone Realty Group, Inc. is a real estate service company and an R/E Max franchisee with over 30 affiliated licensed brokers. Centerstone sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 24-01846) on April 12, 2024, with up to $50,000 in assets and up to $500,000 in liabilities. Lance Rhoades, president of Centerstone, signed the petition. Judge James M. Carr oversees the case. Thomas C. Scherer, Esq., at Dentons Bingham Greenebaum, represents the Debtor as legal counsel. CHEN FOUNDATION: Seeks to Hire Jacobs P.C. as Counsel ----------------------------------------------------- Chen Foundation, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Jacobs P.C. as counsel. The firm will provide these services: A.) assist the Debtor in administering this case; B.) make such motions or taking such action as may be appropriate or necessary under the Bankruptcy Code; C.) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; D.) negotiate with the Debtor's creditors in formulating a plan of reorganization for the Debtor in this case; E.) draft and prosecute the confirmation of the Debtor's plan of reorganization in this case; and F.) render such additional services as are necessary in this case. The firm will be paid at these rates: Partners $1,000 per hour Associates $575-$715 per hour Paralegals $210 to $300 per hour The firm will be paid a retainer in the amount of $72,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Leo Jacobs, Esq., a partner at Jacobs P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Leo Jacobs, Esq. Robert S. Sasloff, Esq. Jacobs P.C. 717 Fifth Avenue, 17th Floor New York, NY 10022 Tel: (212) 229-0476 Email: leo@jacobspc.com robert@jacobspc.com About Chen Foundation, Inc. Chen Foundation, Inc. is a nonprofit or private foundation entity that may be engaged in charitable, educational, or philanthropic initiatives, depending on its organizational mission. Chen Foundation, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. #26-10545) on March 13, 2026. In its petition, the Debtor reports total assets of $28,432,367 and total liabilities of $30,696,311. The Debtor is represented by Aaron Slavutin, Esq. of Jacobs P.C. CINEMAWORLD OF FLORIDA: Unsecureds to Split $200K in Plan --------------------------------------------------------- Cinemaworld of Florida, Inc., filed with the U.S. Bankruptcy Court for the Southern District of Florida a Disclosure Statement describing Plan of Reorganization dated March 31, 2026. The Debtor is a Florida incorporated (2001) motion picture exhibition and family entertainment company headquartered at 970 16th Place, Vero Beach, FL 32960. Prior to the Petition Date, through six venues (four multiplexes, one family entertainment center, and the corporate office) the Debtor operated 49 screens and 6,996 seats, plus a 22 lane bowling, arcade, and laser tag facility, having served roughly 721,000 guests during 2024. The Debtor invested $14.5 million in facility upgrades at a new Watertown, MA complex immediately before the COVID 19 shutdowns, then endured the pandemic's industry wide revenue collapse. Cash flow was not able to service legacy debt incurred on pre-COVID economics. The immediate precipitating cause of the Chapter 11 filing was the Debtor's inability to accomplish a re-financing plan shortly before the filing. In addition, Lincoln Commons obtained a judgment against the Debtor. On July 16, 2025, the Debtor filed its Emergency Motion for Authority to Sell Real Property Free and Clear of Liens (435 West Haven Avenue, Melbourne, Florida / Parcel ID# 28-36-02-00- 501) ("Sale Motion"). Prior to the Petition Date, the Debtor owned the real property, air space rights, subsurface rights, mineral rights, and riparian rights, and all improvements thereon of the approximately 15.4 acres located at 4345 West New Haven Avenue, Melbourne, Florida (Parcel ID # 28-36-02-00-501) (the "Melbourne Property"). On July 24, 2025, the Bankruptcy Court entered its Order Granting the Sale Motion authorizing the sale of the Melbourne Property to the purchaser, free and clear of all liens, claims, and encumbrances, including, but not limited to, the Northern Trust mortgages, the Lincoln Common Judgments, and the Tax Sale Certificates. The sale of the Melbourne Property was consummated on July 29, 2025 and pursuant to Order of the Bankruptcy Court, a copy of the executed Settlement Statement was filed. On October 10, 2025, the Debtor filed its Motion to Approve Sale Through Consignment of the Melbourne Personal Property Free and Clear of All Liens, Claims, and Encumbrances ("Personal Property Sale Motion"). It was estimated by the auction house engaged to conduct the sale that the property was worth approximately $20,000.00. The auction house was entitled to a commission equal to 50% of the sale proceeds. On November 26, 2025, the Court entered its Order Granting the Personal Property Sale Motion. Class 13 consists of all Allowed Unsecured Claims against the Debtor. Each Holder of an Allowed Unsecured Claim shall receive its Pro Rata Share of the Unsecured Creditor Plan Distribution ($200,000.00) in full satisfaction of its Unsecured Claim. The Unsecured Creditor Plan Distribution shall be made by the Debtor or the Reorganized Debtor to Holders of Allowed Unsecured Claims in twenty quarterly payments of $10,000.00 beginning on the last day of Q4 2026 (December 31, 2026), and thereafter on the last business day of the next nineteen calendar quarters. Insider claims shall be subordinated to non-insider Allowed Unsecured Claims until payment in full of the non-insider Allowed Unsecured Claims. The Reorganized Debtor shall have ten business days after receipt of written notice of default to cure any default, unless the pre-petition loan documents provide for a longer cure period in which case such longer cure period shall govern. Class 13 does not include any claim scheduled by the Debtor to be disputed, contingent, or unliquidated and for which no proof of claim was timely filed (the "DCU Claims"), unless such claim is allowed by a non-appealable final order; pursuant to Sections 501, 502, and 1111(a) and Federal Rule of Bankruptcy Procedure 3003(c)(2), therefore, no distribution shall be made on the DCU Claims. Class 13 is Impaired and is entitled to vote to accept or reject the Plan. Class 14 comprises all Equity Interests in the Debtor. Existing Holders of Equity Interests shall retain their Equity Interests in the Reorganized Debtor; provided, however, each Holder of an Allowed Equity Interests shall receive no distribution on account of its Allowed Equity Interests until all other Allowed Claims have been paid in full. The Plan provides, in general, for a restructuring of the Debtor's operations. The Debtor will pay go-forward payments under the Arsenal Yards Restructured Lease and the Luria Plaza, LLC Restructured Lease, each as modified by the terms provided in Article 7 of this Plan, through the continued restructured operations of the Debtor. With respect to other Claims, including Secured Claims, the Plan proposes to pay such Claims under the terms provided in Article 5 of this Plan. The Debtor intends to retain its current management team and has and will continue to implement changes in its business model for more cost-effective operations. A full-text copy of the Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=9Nal3N from PacerMonitor.com at no charge. Cinemaworld of Florida, Inc. is represented by: Elena Paras Ketchum. STICHTER, RIEDEL, BLAIN & POSTLER, P.A. 110 E. Madison St., Suite 200 Tampa, FL 33602 Tel: (813) 229-0144 Email: eketchum@srbp.com About Cinemaworld of Florida Cinemaworld of Florida, Inc., doing business as The Majestic 11 and CW Lanes & Games, operates movie theaters and family entertainment centers. Cinemaworld of Florida, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-17693) on July 3, 2025, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Richard N. Starr, Sr. as president. Judge Mindy A Mora presides over the case. Harley E. Riedel, at STICHTER, RIEDEL, BLAIN & POSTLER, P.A., is the Debtor's counsel. CJC SHELL: Gets Extension to Access Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, issued a fourth interim order authorizing CJC Shell, LLC to use cash collateral. Under the fourth interim order, the Debtor is authorized to use cash collateral according to an approved budget, with flexibility to vary up to 10% per line item or in total. Funds can be used for ordinary operating expenses, court-approved payments, and trustee compensation. Any additional use requires either creditor consent or court approval, and unauthorized use may lead to remedies for the secured creditor. As adequate protection, each secured creditor will be granted a perfected post-petition lien against the pre-petition collateral to the same extent and with the same validity and priority as its pre-petition lien. The Debtor must also maintain insurance, comply with all bankruptcy obligations, and provide the secured creditors access to financial records and business premises upon notice. A continued hearing is scheduled for April 22. A copy of the court's order and the Debtor's budget is available at http://urlcurt.com/u?l=gnsqZofrom PacerMonitor.com. About CJC Shell LLC CJC Shell, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00049) on January 9, 2026, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Michael Markham, Esq., serves as Subchapter V trustee. Judge Luis Ernesto Rivera II oversees the case. Michael R. Dal Lago, Esq., represents the Debtor as legal counsel. COAST TO COAST: Hires Tranzon Driggers as Auctioneers ----------------------------------------------------- Coast To Coast Palm, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Tranzon Driggers as auctioneers. The firm will market the business and its accompanying assets to potential buyers for sale subject to an exclusive brokerage & listing agreement. The firm will be paid as follows: a. Commission of 7% of the successful bid, which shall be added to the purchase priced as a buyer's premium; b. Marketing Fee of $5,000 which shall be paid from sale proceeds in the event the property is sold to a third party bidder. c. If a secured creditor is the successful bidder at the auction via credit bid, such secured creditor will pay of fee of $15,000 at closing. There is a cancellation / no-sale fee of $15,000 if the auction is cancelled. Jon Barber, an auctioneer at Tranzon Diggers, 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: Jon K. Barber Tranzon Diggers 101 E. Silver Springs Blvd. Ste. 206 Ocala, FL 34470 Telephone: (877) 374-4437 About Coast to Coast Palm Coast to Coast Palm, LLC, doing business as Coast to Coast Linen, provides commercial linen and textile rental and laundering services, supplying items such as uniforms and linens to business customers. The company operates from West Palm Beach, Florida, serving clients in the surrounding South Florida region. It operates within the industrial laundry and linen supply services industry. Coast to Coast Palm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10247) on January 12, 2026. At the time of the filing, the Debtor listed between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Mindy A. Mora oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC is the Debtor's legal counsel. COREWEAVE INC: Moody's Rates New $1.25BB Sr. Unsecured Notes 'B1' ----------------------------------------------------------------- Moody's Ratings assigned a B1 rating to CoreWeave, Inc.'s (CoreWeave) proposed $1.25 billion senior unsecured notes. Moody's also affirmed CoreWeave's Ba3 corporate family rating, Ba3-PD probability of default rating, and B1 senior unsecured notes ratings. The speculative grade liquidity rating (SGL) remains unchanged at SGL-3. The outlook remains stable. CoreWeave intends to use the net proceeds from the senior unsecured notes issuance and the issuance of $3 billion convertible senior notes (not rated) for general corporate purposes, which may include capital expenditures and repayment of existing debt, and to pay fees and expenses related to the transaction. The affirmation of the Ba3 CFR with a stable outlook reflects Moody's expectations that CoreWeave will sustain strong revenue growth and improve margins, supported by its sizable base of contracted revenues. The outlook also incorporates Moody's views that the company will maintain at least adequate liquidity to fund free cash flow deficits driven by elevated capital spending required to service customer contracts. Moody's forecasts assumes demand for AI infrastructure services will remain robust over the near to mid-term, enabling CoreWeave to expand its data center footprint, increase contracted power capacity, and continue securing large-scale customer contracts broadly in line with recent wins. Under this growth-driven scenario, Moody's expects financial leverage to remain elevated for at least the next two years. Conversely, a near-term moderation in demand would likely result in a faster decline in financial leverage, driven by reduced growth capital spending and lower incremental debt requirements. The assigned rating is subject to review of final documentation and no material change to the size, terms and conditions of the transaction as advised to us. RATINGS RATIONALE CoreWeave's Ba3 CFR is supported by strong revenue and EBITDA growth, underpinned by the company's leading position as a provider of software-enabled cloud infrastructure capable of managing large-scale, complex AI workloads. Near-term earnings visibility is enhanced by a $66.8 billion contracted revenue backlog as of December 31, 2025, which increased more than 300% year over year and carries an average contract term of approximately five years. Nearly 70% of the contracted backlog is attributable to investment-grade customers, supporting revenue durability. With 98% of 2025 revenues under contract, CoreWeave is relatively insulated from GPU spot pricing volatility, supported by long contract durations and an estimated six-year GAAP useful life for GPUs. Moody's also expects global AI infrastructure spending to remain strong over the next several years, driven by sustained, large-scale industry capex investment, positioning CoreWeave to continue gaining market share. The company's ability to execute at scale is supported by its global platform, including 43 data centers, 3.1 gigawatts of contracted power as of year-end 2025, and strategic partnerships with NVIDIA and its distribution partners, which together enable the efficient deployment of high-intensity AI workloads for customers. The Ba3 CFR is constrained by high Moody's adjusted financial leverage of 9.1x at year-end 2025 and Moody's expectations of negative free cash flow for at least the next 18 months, driven by substantial capital spending required to support large-scale, long-dated customer contracts. As the company remains in an early growth phase, Moody's expects CoreWeave to continue relying on incremental external funding to finance growth capital spend, resulting in financial leverage remaining elevated over at least the next two years. Although Moody's anticipates capital intensity to moderate in 2027, incremental demand or additional requirements associated with future GPU releases could drive capital spending materially above current expectations. The credit profile is further constrained by CoreWeave's limited operating history, having been founded in 2017 as a cryptocurrency mining business before pivoting to AI infrastructure in the second half of 2020. Credit constraints also include high customer concentration, with its top customer representing nearly 50% of contracted backlog, despite recent progress in diversification. Over time, risks around contract renewability and pricing persist. To date, CoreWeave has successfully renewed and expanded contracts at pricing broadly consistent with initial average selling prices. However, sustained cash flow generation is contingent on continued reductions in the cost of debt, GPUs achieving economic lives beyond their GAAP useful lives, and the company's ability to successfully re-contract deployed GPUs on favorable terms. Competitive risks are heightened by the presence of hyperscalers as both major customers and direct competitors, leveraging superior scale and lower costs of capital to build in-house AI infrastructure addressing workloads similar to CoreWeave's offerings. Execution over the next several years will be critical to demonstrating the long-term profitability of the business model, particularly as hyperscalers' next-generation AI-optimized data centers are expected to come online in 2027 and 2028. This elevates the importance of continued customer diversification, including expansion within the large enterprise segment. All financial metrics cited reflect Moody's standard adjustments (including the exclusion of run rate EBITDA from signed contracts) unless otherwise noted. Moody's expects CoreWeave to maintain at least an adequate liquidity profile over the next 12 to 18 months. As of December 31, 2025, liquidity is supported by $3.1 billion of cash on hand and $1.2 billion of availability under the company's $2.5 billion senior secured revolving credit facility maturing in November 2029. However, driven by elevated capital spending for GPUs and related technology equipment to support recent contract wins, Moody's projects materially negative free cash flow over the next 12 months. As a result, CoreWeave will require funding sources beyond existing cash and revolver availability to fund capital expenditures, which Moody's expects will be met primarily through incremental DDTLs and vendor financing. The revolving credit facility contains two quarterly tested financial maintenance covenants: (i) a total net leverage ratio not to exceed 6.0x (with step-ups to 7.0x for four quarters following certain material acquisitions), and (ii) minimum contracted revenue of at least $1 billion. Moody's expects the company to maintain ample covenant headroom under both tests over the next 12 months. In addition, SPVs with outstanding DDTLs are subject to covenant packages including contract coverage, collateral coverage, revenue ratios, and minimum liquidity requirements, under which Moody's similarly expect sufficient cushion. Alternate liquidity is constrained by a largely secured capital structure, with the majority of assets encumbered within SPV financing arrangements. In addition, GPUs are unlikely to represent a meaningful source of external liquidity, as they are contractually tied to customer agreements that accounted for approximately 98% of total revenue at year-end 2025. Debt capital at the parent level consists of a $2.5 billion senior secured revolving credit facility maturing in November 2029, $2 billion of senior unsecured notes due June 2030, $1.75 billion of senior unsecured notes due February 2031, $2.6 billion of convertible senior notes due December 2031, and proposed new issuances of senior unsecured and convertible senior notes. The revolving credit facility is secured by substantially all assets of CoreWeave, Inc. and its subsidiary guarantors. The senior unsecured and convertible senior notes are guaranteed by the same wholly owned domestic restricted subsidiaries that guarantee the revolving credit facility. As of December 31, 2025, debt at the operating level consists primarily of finance leases with key vendors and four recourse delayed draw term loan (DDTL) facilities issued by special purpose vehicles (SPVs). As of December 31, 2025, cumulative borrowings under the recourse DDTLs totaled $9.7 billion. The recourse DDTLs are unconditionally guaranteed by CoreWeave, Inc. and are secured by substantially all assets of the respective SPVs, which are supported by take-or-pay customer contracts and pledges of 100% of each SPV's equity interests. The SPVs are self-amortizing and distribute excess cash flow to CoreWeave, Inc. quarterly. Moody's expects future customer contracts to be financed through additional DDTLs. On March 30, 2026, CoreWeave closed an $8.5 billion non-recourse DDTL that is structurally isolated and not guaranteed by CoreWeave, Inc. The facility does not cross-default with corporate-level debt and is supported solely by ring-fenced assets and cash flows associated with specified customer contracts. As a result, Moody's excludes the non-recourse DDTL from the corporate LGD waterfall, as creditors at the HoldCo level have no legal claim on the underlying collateral or related cash flows in a liquidation scenario. Consistent with Moody's methodologies, however, Moody's includes the non-recourse DDTL in consolidated credit metrics given its contribution to overall leverage and cash flow burden at the group level, as well as potential indirect exposure through operational, reputational, and refinancing linkages. Moody's would expect similarly structured future non-recourse DDTLs, characterized by no cross-default, no parental guarantee, and effective asset and cash-flow ring-fencing, to be treated in the same manner. The senior unsecured notes are rated B1, one notch below the Ba3 CFR, reflecting their junior position in the capital structure, while the convertible senior notes (not rated) rank pari passu with the senior unsecured notes. Although CoreWeave, Inc. has no direct claim on the asset pools supporting the DDTLs during their term, it benefits from distributions from the SPVs and cash flows across multiple operating subsidiaries, including unrestricted entities. Upon repayment of the DDTLs, CoreWeave, Inc. gains full access to the underlying SPV assets. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade CoreWeave's ratings following continued strong revenue and EBITDA growth execution resulting in a clear path to financial leverage declining and approaching 3.5x within the next three years. An upgrade would also require CoreWeave to maintain good liquidity and for the company to approach breakeven free cash flow. A ratings upgrade would also be predicated on management's continued commitment to a conservative credit profile and discipline with respect to shareholder friendly activities. The ratings could be downgraded if Moody's expects financial leverage to be sustained above 4.5x, revenue growth is slower than expected, or operating margins deteriorate, which could be due to a deterioration of CoreWeave's market position, or liquidity deteriorates. Also, the ratings could be downgraded if financial policy shifts more in favor of shareholders. The principal methodology used in these ratings was Communications Infrastructure published in September 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. CoreWeave, Inc. (NYSE: CRWV) is a leading cloud infrastructure provider specialized on AI workloads serving AI labs, hyperscalers, and enterprises. The company operates multiple data centers across the US and Europe on which CoreWeave runs a cloud platform delivering GPU infrastructure. As of year-end 2025, the company generated $5.1 billion of revenue. CTN HOLDINGS: Chapter 7 Trustee Seeks to Stop California Fraud Suit ------------------------------------------------------------------- Alex Wittenberg of Law360 reports that Aspiration Partners Inc.'s Chapter 7 trustee has initiated an adversary proceeding in Delaware, targeting investors who filed a fraud lawsuit in California state court. The trustee argues that the separate litigation undermines the bankruptcy process. In the California case, the investors accuse the company's co-founder and others of defrauding them. The trustee, however, asserts that such claims may overlap with estate causes of action and should be handled within the bankruptcy forum, the report states. The filing warns that continuing the state court case could drain estate resources and create an uneven distribution among creditors. The trustee is asking the court to intervene and ensure that all claims are resolved through the bankruptcy proceedings, according to Law360. About CTN Holdings CTN Holdings Inc., formerly known as Aspiration Partners Inc., is a climate finance company specializing in providing high-quality carbon solutions to businesses worldwide. They connect companies with effective decarbonization strategies and a wide range of carbon removal projects, selling carbon credits sourced from a diverse network of project developers. The company is famous for providing carbon creditors of Microsoft Corp., Meta Platforms Inc., and other big companies. CTN Holdings Inc. and six of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10613) on March 30, 2025. In the petition, the Debtors reported estimated assets of $50 million to $100 million and up to $50,000 and estimated liabilities of $100 million to $500 million. The petitions were signed by Miles Staglik as chief restructuring officer. The Debtors tapped Whiteford, Taylor & Preston LLC as counsel and BDO USA PC as tax consultants. Kurtzman Carson Consultants, LLC dba Verita Global, is the Debtors' claims and noticing agent. DAAON INC: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------- On April 08, 2026, Daaon, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Daaon, Inc. Daaon, Inc. is a corporation engaged in business operations that may include trading, services, or general commercial activities. Daaon, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50548) on April 08, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Stephen L. Johnson handles the case. The Debtor is represented by Joong Y. Im, Esq. of Law Offices Of Joong Y. Im. DAY TRANSLATIONS: Hires Chauncey & Company as Accountant -------------------------------------------------------- Day Translations, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Chauncey & Company CPAS, PA as accountant. The firm will provide these services: a. monthly bookkeeping and preparation of monthly financial report; b. payroll tax preparation services, filings, and related services; c. preparation of the Debtor's 2025 corporate tax returns; and d. such other services the Debtor may require. The firm will be paid at these rates: (i) $1,850 per month for Bookkeeping and Reporting and $200 per month for Payroll Services; and (ii) fee in the amount of $2,500 for Tax Prep. In addition, Chauncy is owed a one-time fee of $2,500.00 in connection with valuation services invoiced postpetition. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. As of the Petition Date, the Debtor owed Chauncey $9,250 for its prepetition services. Mr. Chauncey disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Chad Chauncey, CPA Chauncey & Company CPAS, PA 214 Lake Harris Dr. Lakeland, FL 33813 Tel: (863) 648-0123 About Day Translations, Inc. Day Translations, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00386) on January 19, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Matthew B. Hale, Esq., at Stichter, Riedel, Blain & Postler, represents the Debtor as legal counsel. DGL GROUP: Quartix's Lender Seeks to Collect $1.3MM --------------------------------------------------- The Hon. Denise L. Cote adjourned to July 1, 2026, at 10:00 a.m., the initial pre-trial conference in the case captioned as, Capital Foundry Funding, LLC v. DGL Group Ltd, Ezra Zaafarani, and Mark Nakash, Case No. 1:26-cv-00668 (S.D.N.Y., Jan. 26, 2026). The initial conference was originally scheduled for March 27. The Defendants have until June 15 to respond. Capital Foundry's counsel requested an adjournment of the conference to a date after the June 15 deadline. Capital Foundry, as assignee of Quartix Finance Inc., seeks recovery against DGL Group, Zaafarani and Nakash arising from unpaid advances made by Quartix to DGL under a supply-chain finance arrangement, guaranteed personally by Zaafarani and Nakash. Capital Foundry demands judgment in the principal amount of $1,362,952, plus accrued and future interest, costs, and reasonable attorneys' fees, jointly and severally against all Defendants. On July 13, 2018, Capital Foundry and Quartix entered into a Loan Agreement, as amended, under which Capital Foundry extended a revolving line of credit originally capped at $1 million and later increased to $17 million before being reduced. Borrowing availability was based on the value of eligible collateral. Quartix also executed a Security Agreement dated July 9, 2018, granting Capital Foundry a security interest in all of Quartix's accounts receivable, inventory, intellectual property, deposit accounts, guaranties, contract rights, and related collateral. The Loan Agreement required Quartix to direct customers to remit payments to a lockbox controlled by Capital Foundry and granted Capital Foundry the sole right to collect accounts receivable and take possession of collateral. Critically, Quartix validly assigned to Capital Foundry its interest in the Agreement with DGL, the Guaranty, all obligations thereunder, and all causes of action. Capital Foundry contends it is therefore the lawful owner and holder of the obligations and has standing to enforce them. Since on or before Sept. 18, 2025, Quartix has been in default under the Loan Agreement, and Capital Foundry has exercised its rights to collect Quartix's accounts receivable. The amounts owed by DGL to Quartix constitute assigned accounts receivable that secure the Loan. Quartix operated a cloud-based supply chain finance Platform that facilitated the electronic exchange of supplier invoice information, approvals, offers to purchase or sell invoices, and related notices. Participating customers, including DGL, could request advances from Quartix to pay approved supplier invoices. Customers unconditionally agreed to repay advances on maturity dates specified on the Platform. On May 31, 2022, DGL executed a Customer Services Agreement under which Quartix financed DGL's accounts payable by paying suppliers directly. The deal authorized DGL to use the Platform to post invoices, approve them, request maturity extensions, request Advances, instruct payments, and use other available services. Quartix could, in its sole discretion, pay approved invoices or advance funds to DGL upon a Borrowing Request submitted via the Platform. Each request had to identify the invoices, state the amount (not exceeding the approved invoice total), accept the quoted interest rate and maturity date, and provide any other required information. Repayment terms were absolute. Each Advance was due on demand or, if no demand was made, on the maturity date chosen by DGL via the Platform. DGL acknowledged an "absolute, irrevocable, legal, valid and binding obligation" to repay each Advance without any defense, offset, or counterclaim. Interest accrued at the rate quoted and accepted on the Platform, payable on demand or maturity. Late payments triggered default interest at the rate specified on the Platform (applying before and after judgment). Payments were to be made in immediately available funds in the currency of the Advance. The parties irrevocably chose New York law and consented to the jurisdiction of the courts of the City, County, and State of New York. They waived any objection to venue in those courts. To induce Quartix to enter the Agreement, provide Platform access, and extend services, each Guarantor executed the Guaranty. Each Guarantor "irrevocably and unconditionally guarantees to Creditor payment in full when due, whether by acceleration or otherwise, of any and all Obligation[s] of the Obligors to Creditor." The obligations are joint and several, absolute, unconditional, continuing, and irrevocable. They are not subject to any defense, setoff, counterclaim, or condition precedent, including notice of acceptance, default, demand, presentment, or the borrower's insolvency. As of Aug. 1, 2025, DGL owed Quartix $1,362,952 inclusive of interest through that date. Interest continues at 20.78% per annum. The maturity dates have passed without payment. On Oct. 23, 2025, Capital Foundry's counsel sent a formal Demand Notice by Federal Express and email to all Defendants, notifying them of the default and demanding immediate payment of $1,362,952 plus continuing interest. Proofs of delivery confirm receipt; no response or payment has been made. Capital Foundry is represented by: Jeffrey A. Wurst, Esq. Jonathan S. Bodner, Esq. BODNER LAW PLLC 55 Cherry Lane, Suite 101 Carle Place, NY 11514 Tel: (212) 204-2963 E-mail: jwurst@bodnerlawpllc.com jbodner@bodnerlawpllc.com Quartix is a data and technology driven alternative lender operating in the US and Canada. Capital Foundry is a commercial lender that provides revolving lines of credit secured by all of a borrower's personal property. Capital Foundry is a Delaware limited liability company with its principal place of business in Pennsylvania; its sole member is Capital Foundry, LLC (also Delaware, principal place of business Pittsburgh, Pennsylvania), which is wholly owned by Woodland Capital Holdings, LLC (Delaware, principal place of business Pittsburgh), whose single member is a Pennsylvania citizen. Quartix is a Delaware corporation with its principal place of business in North Carolina. DGL Group is a manufacturer and import/export company specializing in consumer electronics. DGL is a New York corporation with its principal place of business at 2045 Lincoln Highway, Edison, New Jersey 08817. Zaafarani and Nakash are based in New York. Zaafarani is the Chief Executive Officer of DGL. DIECKMANN RANCH: Seek Chapter 12 Bankruptcy in Indiana ------------------------------------------------------ On April 09, 2026, Dieckmann Ranch Corporation filed for Chapter 12 protection in the U.S. Bankruptcy Court for the Southern District of Indiana. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Dieckmann Ranch Corporation Dieckmann Ranch Corporation is a corporation engaged in agricultural operations, including ranching and related farming activities. Dieckmann Ranch Corporation sought relief under Chapter 12 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02165) on April 09, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. DOCK ON COOLEY: Seeks Chapter 11 Bankruptcy in Michigan ------------------------------------------------------- On April 08, 2026, The Dock on Cooley LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Michigan. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About The Dock on Cooley LLC The Dock on Cooley LLC is a limited liability company engaged in hospitality and waterfront-related business operations. The Dock on Cooley LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30869) on April 08, 2026. In its petition, the Debtor reports estimated assets and liabilities each ranging between $100,001 and $1,000,000. DOUBLESHOT HOLDINGS: Amends Unsecureds & Secured Claims Pay ----------------------------------------------------------- Doubleshot Holdings, LLC, submitted a Second Amended Plan of Reorganization dated March 31, 2026. The Debtor's Plan will be funded by the current and future income of the Debtor. The Debtor proposes a reasonable Plan which is proposed in good faith and not by any means forbidden by law. This Plan proposes to pay creditors of the Debtor from future earnings. This Plan provides for 2 classes of secured claims and 1 class of general unsecured claims. Unsecured creditors holding allowed claims will receive a pro rata distribution of the Debtor's projected net disposable income payable over five years. This Plan also provides for the payment of administrative and priority claims under the terms to the extent permitted by the Code or by agreement between the Debtor and the claimant. Class 1 consists of the claim of Servis First Bank. This would include Claims No. 2-1 and 2-2 in the total amount of $198,437. The Debtor will pay the full amount as a secured claim, which will be amortized over 7 years at 6.00% per annum interest and a balloon payment on the first day of the 60th month after plan confirmation. Debtor shall commence making payments in the monthly amount of $2,899 on the first month after plan confirmation. In addition, Debtor will pay $7,525 to ServisFirst within one year of the confirmation date, as and for attorney fees. Class 2 consists of the claim of All Events Rental LLC. This would include the disputed claim No. 4-1 in the amount of $595,605. This claim is mostly unsecured, and will be treated as $45,000 secured to be paid with 8% interest in 60 monthly installments of $912.44. All Events Rental LLC agrees to release the principal guarantors, Warren Dale and Mark Krajcir, conditioned upon payments being made through the plan. Class 3 consists of General allowable unsecured claims. This would include Claim 1-1 by Ford Motor Credit Company LLC, the balance of the amended secured claim No. 2 by ServisFirst, and the balance of the Claim 4-1 of All Events Rental LLC. This class will be paid pro rata through a plan pool in the amount of $10,000 over five years in monthly payments of $167. The Debtor shall fund the Plan through its continued business operations. The Debtor expects increased revenue through the implementation of new business procedures and cost-saving initiatives. A full-text copy of the Second Amended Plan dated March 31, 2026 is available at https://urlcurt.com/u?l=r8KSQJ from PacerMonitor.com at no charge. Counsel to the Debtor: Samantha L. Dammer, Esq. Bleakley Bavol Denman & Grace 15316 N. Florida Avenue Tampa, FL 33613 (813) 221-3759 [Telephone] (813) 221-3198 [Facsimile] Email: sdammer@bbdglaw.com About Doubleshot Holdings Doubleshot Holdings, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04915) on July 18, 2025, listing up to $100,000 in assets and up to $1 million in liabilities. Mark Krajcir, managing member of Doubleshot Holdings, signed the petition. Judge Roberta A. Colton oversees the case. Samantha L. Dammer, Esq., at Bleakley Bavol Denman & Grace, is the Debtor's legal counsel. Servis First Bank, as lender, is represented by: Lara Roeske Fernandez, Esq. Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A. ' 101 East Kennedy Boulevard, Suite 2700 Tampa, FL 33602 Tel: (813) 223-7474 Fax: (813) 229-6553 LFernandez@trenam.com DURHAM CHARTER: S&P Affirms 'BB-' ICR, Outlook Stable ----------------------------------------------------- S&P Global Ratings affirmed its 'BB-' issuer credit rating (ICR) on Durham Charter School (DCS), N.C. The outlook is stable. S&P considers environmental, social, and governance factors neutral in our credit analysis. S&P said, "The stable outlook reflects our opinion that the school will continue to generate healthy demand and increase enrollment to capacity. In addition, the stable outlook reflects our expectation that, while financial performance will be modest over the near term, medium-term growth in revenues following completion of projects with significant up-front, one-time cost pressures will lead to gradual improvement in coverage. "We could consider a negative rating action if the school does not meet enrollment projections or if capital projects or operational pressures cause a material decline in cash reserves. "We could consider a positive rating action if pro forma lease-adjusted MADS coverage and financial performance consistently improve and if Increases in revenue result in moderation of pro forma debt metrics." DYNAMIC TRANSPORT: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida issued an interim order authorizing Dynamic Transport Service, Inc. to use cash collateral. The authorization allows the Debtor to continue operations while protecting the interests of secured creditors. Under the order, the Debtor is authorized to use cash collateral to pay necessary operating expenses in accordance with an approved budget, with up to a 10% variance per line item. Additional spending requires creditor approval. However, the Debtor is prohibited from paying insider or professional compensation without court approval and cannot fund the "Contributions" budget category. The Debtor must also make monthly payments of $1,000 to the Subchapter V trustee. The Debtor's budget shows total operational expenses of $82,951 for March, $77,931 for April, $74,931 for May, $73,931, for June, $74,931 for July, and $77,931 for August. As adequate protection, secured creditors will be granted post-petition replacement liens maintaining the same validity and priority as their pre-petition liens. The Debtor must also comply with ongoing obligations, including maintaining insurance, providing financial reporting, and granting creditors access to business records and premises upon request. The creditors that may assert blanket liens on the Debtor's assets include SunTrust Bank, with $26,990.18 in claims; Headway Capital, $116,401.55; Brian Kotili, $66,344; and Corporation Service Company. The Debtor estimates that the collective claims of the secured creditors are secured by $53,910.48 of non-titled assets, which include $3,588.71 in cash and $35,321.77 in accounts receivable. The Debtor reserves the right to challenge the validity, priority and extent of the liens on its assets. A continued hearing is scheduled for April 22. The order is available at https://is.gd/RiAFd9 from PacerMonitor.com. About Dynamic Transport Service Inc. Dynamic Transport Service, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01977) on March 13, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Caryl E. Delano presides over the case. By Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. EAGLE HIGHLAND: Andrew Kight Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Andrew Kight of Allman Kight Hester LLC as Subchapter V trustee for Eagle Highland Pharmacy Inc. Mr. Kight 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. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About Eagle Highland Pharmacy Inc. Eagle Highland Pharmacy, Inc. located in Indianapolis, provides a wide range of pharmacy services, including prescription medications, compounded prescriptions, medical equipment, and wellness products like vitamins and CBD items. The pharmacy also offers specialized products such as compression stockings, ostomy care supplies, and mobility aids to support patient health and well-being. Eagle Highland Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-00691) on February 17, 2025. In its petition, the Debtor reported total assets of $147,900 and total liabilities of $1,037,805. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by Harley K. Means, Esq., at Kroger Gardis Regas, LLP. EAST 115TH STREET: To Sell New York Property to Mott Haven Equity ----------------------------------------------------------------- East 115th Street Associates seeks approval from the U.S. Bankruptcy Court for the Southern District of New York, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property that is up for sale is located at 75-79 East 115th Street, New York, New York 10029, Block 1621, Lot 32. The Debtor filed for chapter 11 bankruptcy on December 8, 2025. The Debtor was facing the jeopardy of a referee auction in a tax lien foreclosure pending in the Supreme Court of the State of New York, New York County. The Debtor seeks to sell the Property to stem the losses from interest accruals on outstanding real property taxes and because the Debtor's principal, Nourallah Baroukhian has issues with his health. Mr. Baroukhian received several offers for the Property over an extended period of time prior to the Tax Lien Foreclosure and as a result of the publication of the auction in the Tax Lien Foreclosure. The offer that the Debtor accepted in the best judgment of Mr. Baroukhian is an all cash offer of $8.0 million requiring a deposit of $800,000. The Debtor has a liability in the amount of approximately $600,000 to NYCTL 1998-2 Trust, the plaintiff in the Tax Lien Foreclosure, stemming from a tax lien auctioned in 2015. Other than real property taxes, the Debtor contends that it has no other obligations. There is no broker claim. The Property has been marketed personally by Mr. Baroukhian, the Debtor's principal. The Debtor is selling the Property in a private sale as opposed to an auction which is usually the preferable method of sale in bankruptcy. The Debtor asserts that further marketing would be fruitless and counterproductive given the time the Property has been marketed by Mr. Baroukhian, his personal belief that the sale is for fair value, and the erosion in equity that is occurring as a result of interest accruals on the outstanding real property taxes. In the instant case, the Debtor believes that private sale contemplates paying the foreclosing tax sale certificate holder, NYCTL 1998-2 Trust, and the New York City Department of Finance, will be paid in full approximately $2.4 million owed in real property tax related obligations. Costs of closing and the U.S. Trustee fees will also be paid. The Debtor also proposes to reserve the sum of $500,000 over the asserted claim of True Gate Holding Ltd., the plaintiff in the Contested Foreclosure Action. It is expected that Debtor will file a disclosure statement and plan of liquidation whereupon title will pass to Purchaser upon the effective date of a chapter 11 plan of reorganization so that transfer taxes would not be due. The Debtor contends that the Property has been actively and effectively marketed for sale and the fair value to the estate will be obtained. The Debtor believes that by selling the Property it will have obtained the highest possible value that would benefit the NYCTL 1998-2 Trust, the New York City Department of Finance, True Gate, and the Debtor’s bankruptcy estate. The Debtor believes that the sale to the Purchaser represents a prudent and proper exercise of its business judgment and is supported by articulated business reasons because, absent such a sale the stay would be lifted, and the tax lien holder would sell the Property at a price that is likely to be less than the Purchase Price. The Debtor seeks approval to sell the Property free and clear of any and all liens, claims or encumbrances. True Gate holds a claim and a lien that is subject to bona fide dispute, as evidenced by the Contested Foreclosure Action. The Contract to purchase the Property, was signed as of March 26, 2026 between the Debtor and the Purchaser, Mott Haven Equity Enterprises, LLC, in the amount of $8,000,000. Pursuant to the Contract, Purchaser shall acquire, and the Debtor shall convey to Purchaser all of the right, title and interest that Debtor possesses as of the closing date in and to the Property, free and clear of all liens and liabilities. About East 115th Street Associates East 115th Street Associates filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-12749 (MEW)) on December 8, 2025. Judge Michael E. Wiles presides over the case. East 115th Street Associates represents the Debtor as legal counsel. EEW AMERICAN: Deadline for Panel Questionnaires Set for April 20 ---------------------------------------------------------------- The United States Trustee is soliciting members for committee of unsecured creditors in the bankruptcy cases of EEW American Offshore Structures Inc., et al. If a party wishes to be considered for membership on any official committee that is appointed, it must complete a questionnaire available at https://tinyurl.com/2wm2wsaw and return by email it to Tina L. Oppelt --Tina.L.Oppelt@usdoj.gov –- at the Office of the United States Trustee so that it is received no later than April 20, 2026, at 12:00 p.m. If the U.S. Trustee receives sufficient creditor interest in the solicitation, it may schedule a meeting or telephone conference for the purpose of forming a committee. About EEW American EEW American Offshore Structures Inc. and EEW AOS Paulsboro Urban Renewal, LLC, both affiliated with EEW Group and based in Paulsboro, New Jersey, are developing a U.S. offshore wind manufacturing project that produces monopiles for wind turbines. The site, which began initial production in 2022, is expected to reach full output of more than 100 monopiles a year by 2026/27 and employ more than 500 workers as it expands to serve offshore wind developers and related customers. EEW American Offshore and EEW AOS Paulsboro sought relief under Chapter 11 of the U.S. Bankruptcy Coode (Bankr. D. N. J., Case No. 26-13901) on April 8, 2026. In the petition signed by Tom Pratt as chief restructuring officer, each Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The Hon. Jerrold N Poslusny Jr. presides over the cases. The Debtors are represented by Connell Foley LLP. ELECTRONIC SYSTEM: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Electronic System Sales, LLC d/b/a Dish Tech a/k/a Party Rentals AZ f/d/b/a Arizona Bounce Pro d/b/a Hero Party Rentals AZ d/b/a Party Rentals AZ 2841 W. Clarendon Ave. Phoenix, AZ 85017 Business Description: Electronic System Sales LLC, doing business as Dish Tech, ASA Party Rentals AZ, and Hero Party Rentals AZ, operates in Prescott Valley, Arizona, where it sells and installs DISH satellite television and related internet services and rents party equipment for residential and commercial events. The company offers items including bounce houses, tents, canopies, tables, and chairs. Chapter 11 Petition Date: April 9, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-03456 Debtor's Counsel: Eli Enger, Esq. UDALL SHUMWAY PLC 1138 N. Alma School Rd. Suite 101 Mesa, AZ 85201 Tel: 480-461-5300 Fax: 480-833-9392 E-mail: ete@udallshumway.com Total Assets: $140,763 Total Liabilities: $1,935,157 The petition was signed by Michael Oberan as member and CEO. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VO2UTMQ/ELECTRONIC_SYSTEM_SALES_LLC__azbke-26-03456__0001.0.pdf?mcid=tGE4TAMA ELK RUN: Seeks to Hire Hilco Real Estate as Real Estate Agent ------------------------------------------------------------- Elk Run Property Owners Association, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Hilco Real Estate, LLC as real estate agent. The firm's services include: a. developing a sales strategy with the Debtor, including meeting with the Debtor to ascertain its goals, objectives, and financial parameters in selling the Debtor's Property, a timeshare property located in Pagosa Springs, Colorado; b. soliciting interested parties for the sale of the Property and marketing the Property for sale through a managed qualifying bid process; and c. negotiating, at the Debtor's direction, the sale of the Property. The firm will be paid at these rates: a. Fee: In the event the property is sold, Hilco shall earn a fee equal to 4 percent of the Gross Sale Proceeds. b. Costs: The Debtor shall reimburse Hilco for all reasonable and customary Reimbursable Expenses incurred in connection with the performance of the services proposed hereunder; provided, however, that such reimbursement obligation shall be capped at $25,000. Mr. Kaup disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric W. Kaup Hilco Real Estate LLP 5 Revere Dr., Ste. 410 Northbrook, IL 60062 Telephone: (855) 755-2300 About Elk Run Property Owners Association, Inc. Elk Run Property Owners Association, Inc., Village Pointe Property Owners Association, Inc., and Masters Place Condominiums Property Owners Association, Inc. are not-for-profit property owners associations incorporated in Colorado in 1986, 1988, and 1989, respectively, and operate timeshare condominium properties in Pagosa Springs, Colorado. Elk Run Property Owners Association, Inc. and its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Lead Case No. 26-10311) on January 20, 2026. At the time of filing, Elk Run Property Owners estimated $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. The petitions for Elk Run Property Owners, Masters Place Condominiums, and Village Pointe Property were signed by their respective presidents, LuAnn Blea, Rusty Nabors, and Amy Bornmann. Kevin S. Neiman, Esq. at LAW OFFICES OF KEVIN S. NEIMAN, PC represents the Debtor as counsel. ESSENTIALS MASSAGE: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Essentials Massage and Facials of Trinity 54, LLC received fourth interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral. The fourth interim order signed by Judge Roberta Colton authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; and the expenses set forth in the budget, plus an amount not to exceed 10% for each line item. This authorization will continue until further order of the court. As adequate protection, each creditor that may have a security interest in the cash collateral will be granted a perfected post-petition lien on the cash collateral, with the same validity, priority and extent as its pre-bankruptcy lien. Moreover, the Debtor was ordered to keep its property insured as further protection. The next hearing is scheduled for May 28. As of the petition date, the Debtor had cash on hand of approximately $26,443.57 and had $1,073.25 in short-term accounts receivable, which constitute cash collateral. The Debtor identifies a single secured creditor -- the U.S. Small Business Administration -- which may have a blanket lien on its assets although it disputes the validity or amount of that lien. About Essentials Massage and Facials of Trinity 54 Essentials Massage and Facials of Trinity 54, LLC operates a wellness and beauty spa offering massages, facials, body sculpting, and spa packages. It provides customized, results-focused treatments that blend relaxation with aesthetic goals. It serves clients from its location in Trinity, Florida. Essentials Massage sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03987) on June 13, 2025. In its petition, the Debtor reported total assets of $33,228 and total liabilities of $8,225,240. Judge Roberta A. Colton handles the case. The Debtor is represented by Kristina Feher, Esq., at Feher Law, PLLC. ESV PROPERTIES: Seeks Chapter 7 Bankruptcy in California -------------------------------------------------------- On April 6, 2026, Esv Properties, LP filed for Chapter 7 protection in the Southern District of California. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Esv Properties, LP EsV Properties, LP is a real estate investment partnership focused on acquiring, holding, and managing property assets. Esv Properties, LP sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01458) on April 6, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher B. Latham handles the case. The Debtor is represented by Marc Steven Applbaum, Esq. of Midway Law Firm APC. EVERYWHERE INTERNET: Case Summary & 17 Unsecured Creditors ---------------------------------------------------------- Debtor: Everywhere Internet LLC 30665 US Highway 281 Bulverde, TX 78163 Business Description: Everywhere Internet LLC, doing business as Nomad Internet, provides wireless internet service to rural households, RV parks, remote workers and other customers across all 50 states. Founded in 2017, the company transmits internet access over wireless networks rather than traditional wired lines, and it offers home, travel and enterprise plans through a range of modems and related equipment. Its service is aimed at users and businesses operating in areas where cable or fiber access is limited or unavailable. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-31547 Debtor's Counsel: Omar J Alaniz, Esq. REED SMITH 2850 N. Hardwood Street Dallas, TX 75201 Tel: (469) 680-4292 Email: oalaniz@reedsmith.com Debtor's Financial Advisors: HMP ADVISORY HOLDINGS, LLC, DBA HARNEY PARTNERS Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Jessica Garza as president. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ELBCU7A/Everywhere_Internet_LLC__txnbke-26-31547__0001.0.pdf?mcid=tGE4TAMA FAIRFIELD WILLIAMSBURG: Hires Myers Brettholtz as Accountant ------------------------------------------------------------ Fairfield Williamsburg Property Owners Association seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Myers Brettholtz & Company, PA as its accountant. The firm will assist in the preparation of federal and state tax returns as well as auditing the Debtor's various financial statements. The firm will be paid a flat fee of $6,500, plus reimbursement of reasonable expenses. Jennifer Coleman, a partner at Myers Brettholtz & Company, P.A., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jennifer Coleman Myers Brettholtz & Company, P.A. 12671 Whitehall Drive Fort Myers, FL 33907-3626 Tel: (239) 939-5775 Fax: (239) 939-3032 Email: mbcopa@mbcopa.com About Fairfield Williamsburg Property Owners Association Fairfield Williamsburg Property Owners Association is a nonprofit organization responsible for the administration and management of the Fairfield Williamsburg neighborhood. Fairfield Williamsburg Property Owners Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-51179) on December 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The Debtor is represented by Neil E. McCullagh, Esq. of Spotts Fain PC. FALLS OF BRAEBURN: Hires Hughes Waters Askanase LLP as Counsel -------------------------------------------------------------- David A. Wallace, the Trustee for Falls Of Braeburn, seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Hughes Waters Askanase, LLP as its counsel. The firm's services include: a. advising the Trustee regarding its rights, powers, and duties under the bankruptcy Code; b. assisting the Trustee with the administration of the Estates; c. consulting with the Trustee regarding Case matters, including actions affecting the Case or the Estates, such as the disposition of Estates assets and the formulation and confirmation of proposed plans of reorganization; d. investigating and pursuing litigation claims as directed by the Trustee, including claims and causes of actions held by the Estates and Chapter 5 causes of action; e. appearing on behalf of the Trustee in hearings and other proceedings before the Court; f. monitoring the Case docket, including review of filed motions, applications, and other pleadings; and g. providing general guidance to the Trustee as necessary in this Case. The firm will be paid at these rates: Partners $370 to $700 per hour Associate/Of Counsel/ Senior Attorneys $220 to 950 per hour Paraprofessionals $60 to 225 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Heather H. McIntyre disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Heather H. McIntyre, Esq. Abdiel Lopez-Castro, Esq. Hughes Watters Askanase, LLLP 1201 Louisiana, 28th Floor Houston, TX 77002 Tel: (713) 590-4200 Fax: (713) 590-4230 About Falls of Braeburn LLC Falls of Braeburn, LLC, Falls of Chelsea Lane, LLC, Northwest Miami Gardens, LP, and Falls of Westpark Apartments, Ltd. are privately held real estate investment companies based in Houston, Texas, specializing in ownership and management of apartment complexes. Falls of Braeburn and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90602) on November 3, 2025. At the time of filing, the Debtor listed $10 million to $50 million in both assets and liabilities. The petitions were signed by Siri Khalsa as authorized representative. Judge Christopher M Lopez presides over the case. Matthew S. Okin, Esq., at Okin Adams Bartlett Curry, LLP represents the Debtor as legal counsel. FINCH THERAPEUTICS: Hires Omni Agent as Administrative Agent ------------------------------------------------------------ Finch Therapeutics Group, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Omni Agent Solutions, Inc. as 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) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a chapter 11 plan; and (f) provide such other processing, solicitation, balloting, and 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 Clerk"). Omni Agent's standard and custom services will be compensated at these hourly rates: 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 Omni 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: Paul H. Deutch Omni Agent Solutions, Inc. 5955 De Soto Avenue, Suite 100 Woodland Hills, CA 91367 Telephone: (818) 906-8300 E-mail: Bosborne@omniagnt.com About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Dela. Lead Case No. 26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FINCH THERAPEUTICS: Seeks to Hire Ropes & Gray LLP as Attorney -------------------------------------------------------------- Finch Therapeutics Group, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Ropes & Gray LLP as attorneys. The firm's services include: 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. advising and consulting on the conduct of these chapter 11 cases, including all of the legal and administrative requirements of operating in chapter 11; c. taking any necessary action on behalf of the Debtors to negotiate, draft, and obtain approval of a chapter 11 plan and all documents related thereto; d. representing the Debtors in connection with obtaining authority to sell all or some of the Debtors' assets; e. attending meetings and negotiating with representatives of creditors and other parties in interest; f. taking all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors' interests in negotiations concerning litigations in which the Debtors are involved, including objections to the claims filed against the Debtors' estates; g. preparing pleadings in connection with these chapter 11 cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; h. appearing before the Court and any appellate courts to represent the interests of the Debtors' estates; and i. performing any other necessary legal services for the Debtors in connection with the prosecution of these chapter 11 cases, including: (i) analyzing the Debtors' leases and contracts and the assumption and assignment or rejection thereof; (ii) analyzing the validity of liens against the Debtors, if any; and (iii) advising the Debtors on corporate and litigation matters. The firm will be paid at these hourly rates: Partners $1,975 to $3,000 Counsel $1,400 to $2,100 Associates $995 to $1,820 Paraprofessionals $430 to $795 In addition, the firm will seek reimbursement for expenses incurred. The firm received an advance payment retainer of $50,000 from the Debtors. Cristine Pirro Schwarz, Esq., an attorney at Ropes & Gray, 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: Cristine Pirro Schwarz, Esq. Ropes & Gray LLP 1211 Avenue of the Americas New York, NY US 10036-8704 Telephone: (212) 596 9000 Facsimile: (212) 596 9090 Email: Cristine.Schwarzman@ropesgray.com About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Dela. Lead Case No. 26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FINCH THERAPEUTICS: Taps Chipman Brown Cicero & Cole as Co-Counsel ------------------------------------------------------------------ Finch Therapeutics Group, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Chipman Brown Cicero & Cole, LLP, as co-counsel. The firm's services include: (a) providing legal advice with respect to the Debtors' powers and duties as debtors in possession in the continued operation of their businesses and management of their properties; (b) negotiating, drafting, and pursuing all documentation necessary in these Chapter 11 Cases; (c) preparing on behalf of the Debtors all applications, motions, answers, orders, reports, and other legal papers necessary to the administration of the Debtors' estates; (d) appearing in Court and protecting the interests of the Debtors before the Court; (e) assisting with any disposition of the Debtors' assets, by sale or otherwise; (f) negotiating and taking all necessary or appropriate actions in connection with a plan or plans of reorganization and all related documents thereunder and transactions contemplated therein; (g) attending all meetings and negotiating with representatives of creditors, the United States Trustee, and other parties in interest; (h) providing legal advice regarding bankruptcy law, corporate law, corporate governance, transactional, litigation, and other issues to the Debtors in connection with the Debtors' ongoing business operations; and (i) performing all other legal services for, and providing all other necessary legal advice to, the Debtors that may be necessary and proper in these Chapter 11 Cases. The firm will be paid at these rates: Robert A. Weber $950 per hour Daniel G. Egan $825 per hour Aaron J. Bach $450 per hour Alison R. Maser $450 per hour Maria E. Whalen $375 per hour Partners $650 to $1,050 per hour Associates and Counsel $425 to $525 per hour Paralegals $300 to $375 per hour On March 4, 2026, Chipman Brown Cicero & Cole received a retainer payment from the Debtors totaling $100,000. That Security Retainer was supplemented with an additional $30,000 received from the Debtors on March 20, 2026. Chipman Brown Cicero & Cole is a "disinterested person" under section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtors' estates, according to court filings. The firm can be reached through: Robert A. Weber, Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Phone: (302) 295-0191 About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Dela. Lead Case No. 26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FINCH THERAPEUTICS: Taps Rock Creek Advisors as Financial Advisor ----------------------------------------------------------------- Finch Therapeutics Group, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Rock Creek Advisors, LLC as financial advisor and sales agent. The firm will render these financial advisory services: (a) assist the Debtors in evaluating strategic restructuring alternatives; (b) assist the Debtors with preparation of a 13-week cash forecast including professional fees related to potential restructuring alternatives; (c) if necessary, assist the Debtors in obtaining and negotiating debtor-in-possession financing; (d) assist the Debtors and their counsel in negotiations with various parties in interest; (e) provide guidance to the Debtors in completing the necessary schedules to accompany restructuring alternatives; (f) assist the Debtors with the preparation of data in order to prepare the schedules, pleadings and fiduciary filings required in a bankruptcy proceeding; (g) assist the Debtors and counsel to provide the Debtors and/or the court any information necessary to confirm and consummate a plan in a bankruptcy proceeding; and (h) support the Debtors in such matters as the board of directors of the Debtors shall request or require from time to time. The firm will render these services as sales agent: (a) develop a list of available assets for sale or other transaction, including fixed assets, contracts, inventory, intellectual property, accounts receivable, licenses, tax assets, potential litigation proceeds, and intangibles; (b) prepare a sale memo providing notice of the marketing process for a sale or other transaction to help market the Debtors' assets; (c) develop a select target list of potential buyers and transaction counterparties, with input from the Debtors; (d) organize due diligence materials in a confidential virtual data room; (e) collect and assist in execution of NDAs as interested parties seek access to confidential information; (f) assist the Debtors to determine if an auction or date certain term sheets deadline will maximize value; (g) manage the transaction process and due diligence inquiries of interested parties to help facilitate bids and term sheets; (h) set up bidding and auction and term sheet procedures and share with interested parties; (i) assist in qualifying bidders for the process; (j) communicate rules of the auction and term sheets to Qualified Bidders and their agents; (k) assist the Debtors and their legal counsel with preparation and/or negotiation of the bid term sheets for Qualified Bidders to participate in the sale or other restructuring transaction process; (l) collect and hold the deposits for Qualified Bidders; (m) assist the Debtors and their legal counsel with preparation and/or negotiation of one or more asset purchase agreements ("APA") or other transaction documents; (n) if an APA or other transaction document is provided by the Debtors in advance of the auction and term sheet deadline, work with the Debtors and Qualified Bidders to accept major terms of the APA or other transaction document as a required part of their respective bids; (o) run the auction on the proposed auction date, if appropriate; (p) return deposits to non-winning parties once the transaction has closed in accordance with bid procedures; and (q) facilitate the closing of the transaction(s) with the winning bidder(s). The firm's hourly billing rates will range from $300 to $650 for financial advisory services. The firm's current hourly rates are: Managing Directors $450 to $695 Managers and Senior Managers $325 to $450 Associates and Staff $200 to $325 Additionally, with respect to Rock Creek services as the Debtors' sales agent, the firm will be paid as follows: (a) a monthly fee in the amount of $30,000; and (b) a success fee consisting of (i) 4% of total consideration paid by a buyer up to $15 million and (ii) 8% of the Transaction Value greater than $15 million. Rock Creek received a retainer in the amount of $60,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. As disclosed in the court filing, Rock Creek Advisors, LLC is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Brian Ayers Rock Creek Advisors, LLC 1738 Belmar Blvd. Belmar, NJ 07719 Tel: (201) 315-2521 About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Dela. Lead Case No. 26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FIRST BRANDS: Cleared to Sell Filter, Windshield Wiper IP in Ch. 11 ------------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that a Texas bankruptcy judge on Friday, April 10, 2026, granted First Brands approval to accelerate the sale of select filter and windshield wiper brands for $25 million, citing the absence of an alternative bidder. The decision enables the company to proceed quickly with the agreed-upon transaction. First Brands told the court that the buyer's offer represents the best available outcome after efforts to solicit competing bids proved unsuccessful. The company warned that any delay could jeopardize the deal and reduce recoveries for stakeholders. The approved sale marks a significant step in First Brands' restructuring, providing much-needed funds while allowing the company to streamline its portfolio. The company said it remains focused on completing its Chapter 11 process efficiently, the report states. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FLEUR DE LIS: Hires Bickham Law Practice LLC as Counsel ------------------------------------------------------- Fleur De Lis Whole Healthcare LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Bickham Law Practice LLC as counsel. Bickham Law Practice LLC as counsel. The firm will provide these services: (a) advise with respect to the Debtor's powers and duties in the continued management and operation of its businesses and properties; (b) attend meetings with representatives of the Debtor's creditors and other parties in interest; (c) take all necessary action to protect and preserve the estate of the Debtor; (d) prepare on behalf of the Debtor legal papers necessary to the administration of its estates; (e) take any necessary action on behalf of the Debtor to obtain confirmation of its plan; (f) appear before this court to protect the interests of the Debtor before this court; (g) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case; (h) represent the Debtor in connection with obtaining post-petition financing, if any; (i) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders and related transactions; (j) investigate the nature and validity of liens asserted against the property of the Debtor, and advise the Debtor concerning the enforceability of said liens; (k) investigate and advise the Debtor concerning, and take such action as may be necessary to collect, income and assets in accordance with applicable law, and the recovery of property for the benefit of the estates of the Debtor; (l) advise and assist the Debtor in connection with any potential property dispositions; (m) advise the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring and recharacterizations; (n) assist the Debtor in reviewing, estimating and resolving claims asserted against the estate; (o) commence and conduct litigation necessary and appropriate to assert rights held by the Debtor, protect assets of the Chapter 11 estate or otherwise further the goal of completing the successful reorganization of it; and (p) perform all other legal services for the Debtor which may be necessary and proper in these proceedings. The firm will be paid at these hourly rates: Ralph Bickham, Attorney $350 Paralegals $65 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $5,000 from the Debtor. Mr. Bickham disclosed in a court filing that the firm is a "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ralph Bickham, Esq. Bickham Law Practice LLC 650 Poydras St. New Orleans, LA 70130 Telephone: (504) 584-5730 About Fleur De Lis Whole Healthcare LLC Fleur De Lis Whole Healthcare LLC, filed a Chapter 11 bankruptcy petition (Bankr. E.D. La., Case No. 26-10688) on March 24, 2026. The Debtor hires Bickham Law Practice LLC as counsel. GARCIA ON 121ST: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------------- On April 8, 2026, Garcia on 121st Street Corporation filed for Chapter 7 protection in the Eastern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. About Garcia on 121st Street Corporation Garcia on 121st Street Corporation is a corporate entity that may be engaged in local business operations, potentially including retail, food service, or property-related activities. Garcia on 121st Street Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41693) on April 8, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. GEORGES REALTY: Belmont Property Sale to Lisa & Nick Therrien OK'd ------------------------------------------------------------------ The U.S. Bankruptcy Court for the District of New Hampshire has approved Georges REalty LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property that is up for sale is located at 82 Sunset Drive, Belmont, New Hampshire. The Court has authorized the Debtor to sell the Property to Lisa and Nick J. Therrien for the sum of $1,750,000. The Court held that the Debtor has given adequate and sufficient notice under the circumstances of the Sale Motion, the hearing thereon, and the dates by which parties in interest had to file objections to the Sale Motion. The United States Trustee, all Record Lienholders and other creditors and parties in interest entitled to entitled to notice of the intended Sale, the Sale Motion and Sale Order and Notice of Intended Sale received a reasonable opportunity to object and/or be heard. Good, sufficient, and sound business purpose justify the proposed Sale outside of a plan of reorganization. The Contract was negotiated and entered into by Debtor and Buyer without collusion, in good faith, and from arm's-length bargaining positions. Buyer is not an "insider" of Debtor or Debtor's equity holder. The Debtor shall be and is authorized to do or cause to be done, execute or cause to be executed and take or cause to taken any and all acts, documents and actions required by the Contract. The closing of the Sale shall take place at such location as may be designated by Debtor and on such date and at such time as may be mutually convenient for the parties, but no event later than May 1, 2026. About Georges Realty LLC Georges Realty, LLC manages and leases real estate properties across multiple locations and is classified under NAICS 5311. Georges Realty sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.H. Case No. 25-10779) on November 4, 2025, listing between $1 million and $10 million in assets and liabilities. William S. Gannon, Esq. at William S. Gannon PLLC represents the Debtor as legal counsel. GEV IO LLC: Case Summary & 17 Unsecured Creditors ------------------------------------------------- Debtor: GEV IO, LLC d/b/a Nomad Internet 30665 US Highway 281 Bulverde, TX 78163 Business Description: GEV IO, LLC, doing business as Nomad Internet, provides wireless internet services and related equipment, including modems, for rural communities, RV parks, travelers, and other customers across the United States. Founded in 2017 and based in Bulverde, Texas, the company operates as an authorized reseller of network services and offers enterprise, retail, and transportation-related connectivity solutions. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-31546 Judge: Hon. Michelle V Larson Debtor's Counsel: Omar J Alaniz, Esq. REED SMITH 2850 N. Hardwood Street Dallas, TX 75201 Tel: (469) 680-4292 Email: oalaniz@reedsmith.com Debtor's Financial Advisors: HMP ADVISORY HOLDINGS, LLC d/b/a HARNEY PARTNERS Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Jessica Garza as president. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EDTT3QI/GEV_IO_LLC__txnbke-26-31546__0001.0.pdf?mcid=tGE4TAMA GRAND LYLE: Commences Chapter 7 Bankruptcy in Georgia ----------------------------------------------------- On April 7, 2026, Grand Lyle LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Grand Lyle LLC Grand Lyle LLC is a limited liability company. Grand Lyle LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-54666) on April 7, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities within the same range. Honorable Bankruptcy Judge Sage M. Sigler handles the case. GREAVES PAINT: Hires Richard S. Feinsilver as Counsel ----------------------------------------------------- Greaves Paint & Hardware Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Richard S. Feinsilver, Esq. as counsel to handle its Chapter 11 case. The firm will be paid at these hourly rates: Richard Feinsilver, Attorney $500 Legal Assistants $100 In addition, the firm will seek reimbursement for expenses incurred. Prior to petition date, the firm received a retainer of $7,500 from the Debtor. Richard S. Feinsilver, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Richard S. Feinsilver, Esq. One Old Country Road, S 347 Carle Place, NY 11514 Tel: (516) 873-6330 Fax: (516) 873-6183 Email: feinlawny@yahoo.com About Greaves Paint & Hardware Corp. Greaves Paint & Hardware Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41418) on March 26, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Jil Mazer-Marino presides over the case. Richard S. Feinsilver, Esq. at Richard S. Feinsilver, Esq. represents the Debtor as legal counsel. GROFF TRACTOR: Seeks to Extend Plan Exclusivity to June 12 ---------------------------------------------------------- Groff Tractor Mid Atlantic, LLC, and its affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 12 and Aug. 11, 2026, respectively. This is the Debtors' second request for an extension of the Exclusivity Periods. Because of the complexity of these Chapter 11 Cases, an extension of the Exclusivity Period will give the Debtors sufficient time to continue negotiating terms of a Chapter 11 plan with their stakeholders. The Debtors explain that until the closing of the Sale, the Debtors (a) operated eight heavy equipment dealerships, (b) in four states, (c) with employee membership in multiple labor unions, (d) with business-to-business and business-to-consumer retail strategies, (e) funded by more than a half-dozen secured financing facilities with contractual and state-law intercreditor relationships, (f) all amidst the backdrop of a free-fall chapter 11 filing without any negotiated sale process or postpetition financing or cash collateral usage. Since the Petition Date, significant progress has been made, including the iterative negotiation of cash collateral usage, the consensual use of other lenders' collateral, the negotiation of a postpetition financing facility with at least two financing sources, and the approval of bidding, auction, and sale procedures—ultimately resulting in a successful going concern Sale. The Debtors claim that they are substantially current on postpetition liabilities, which pave the way to a possible successful chapter 11 plan. These developments, milestones, and accomplishments support a finding of cause for granting this Motion. Additionally, the Debtors' purpose in seeking an extension of the Exclusivity Period is a good-faith effort to continue the reorganization efforts they have initiated without the distraction and costs of a competing plan process. The relief requested in the Motion is not intended for the purpose of coercing or strong arming any creditor, but rather to benefit all of the Estates' stakeholders as a whole. Moreover, an extension of the Exclusivity Period will not result in prejudice to any creditor or party in interest, and instead, will enable the Debtors to continue focusing on proposing a viable, fair, and comprehensive plan that would be supported by the major constituents. The Debtors believe that if the Court further extends the Exclusivity Period, it will clear a path for the Debtors to seek confirmation of a feasible Chapter 11 plan. Counsel to the Debtors: Joshua N. Eppich, Esq. Eric T. Haitz, Esq. BONDS ELLIS EPPICH SCHAFER JONES LLP 420 Throckmorton Street, Suite 1000 Fort Worth, TX 76102 Phone: (817) 405-6900 Fax: (817) 405-6902 Email: joshua@bondsellis.com Email: eric.haitz@bondsellis.com -and- Ken Green, Esq. 402 Heights Boulevard Houston, Texas 77007 Tel: (713) 335-4990 Fax: (713) 335-4991 E-mail: ken.green@bondsellis.com About Groff Tractor Mid Atlantic Groff Tractor Mid Atlantic LLC and subsidiaries operates a network of construction equipment dealerships serving the Mid-Atlantic region of the United States. The Company sells, rents, and services heavy and compact construction machinery, offering parts and attachments for brands such as Wirtgen, Hamm, Vogele, Transtech, Thunder Creek, John Deere Equipment, and TopCon. Groff Tractor Mid Atlantic LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-90010) on Oct. 14, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Joshua N. Eppich, Esq. of BONDS ELLIS EPPICH SCHAFER JONES LLP. HARRISBURG UNIVERSITY: S&P Lowers Revenue Bond Rating to 'CCC-' --------------------------------------------------------------- S&P Global Ratings lowered its long-term rating on the Dauphin County General Authority, Pa.'s revenue bonds, issued for Harrisburg University of Science and Technology (HU), to 'CCC-' from 'B-'. The outlook is negative. The lowered rating and negative outlook reflect HU's missed monthly debt service payments to the trustee that will likely result in a draw on the debt service reserve fund to meet the bondholder required payment on April 15. S&P expects that absent a debt restructuring there will be continued draws on the reserve fund to meet required principal and interest payment until such time as the fund is depleted. S&P said, "We analyzed the university's environmental, social, and governance credit factors pertaining to its market position, management and governance, and financial performance. We believe HU is affected by changing demographic and population trends due to a smaller traditional college-age population in Pennsylvania, in addition to its exposure to changes in immigration policies due to a high proportion of international students. We view these factors as a social risk. We view the university's environmental and governance credit factors as neutral in our analysis. "The negative outlook reflects the potential for continued draws on the debt service reserve fund. Absent a debt restructuring or a material improvement in financial operations and resources, we anticipate that the fund will ultimately be depleted and a default will occur. "We could lower the rating on the bonds to 'D' if the trustee is unable to pay bondholders scheduled debt service within the next year. "We could consider revising the outlook to stable or raising the rating if financial resources and operating results improve materially in the near term, allowing HU to support its outstanding debt obligations on a timely basis." HAWAII MOLD: Hires Tsugawa Lau & Muzzi LLLC as Counsel ------------------------------------------------------ Hawaii Mold and Flood, LLC seeks approval from the U.S. Bankruptcy Court for the District of Hawaii to employ Tsugawa Lau & Muzzi LLLC to handle its Chapter 11 case. The firm will be paid at these rate of $520 per hour. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Muzzi disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Christopher J. Muzzi, Esq. Tsugawa Lau & Muzzi LLLC 55 Merchant Street, Suite 3000 Honolulu, HI 96813 Tel: (808) 531-0490 Email: cmuzzi@hilaw.us About Hawaii Mold and Flood, LLC Hawaii Mold and Flood, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 26-00144) on February 20, 2026. In the petition signed by Glen Kelsey, sole member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Robert J. Faris oversees the case. Chuck C. Choi, Esq., at Choi & Ito, represents the Debtor as legal counsel. HAWTHORNE RACE: Hires Carey White Boland as Special Counsel ----------------------------------------------------------- Hawthorne Race Course, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Carey White Boland Murnighan & Murray, LLC as special counsel. The firm will provide related to legal advice and services in connection with the Debtors' business, including, among other things, corporate governance, corporate restructuring, maintaining organizational status, shareholder relations and communications, ownership interest transfers, shareholder/member agreement compliance, contracts covering the scope of the Debtors' businesses, bank loans, recapitalizations, private loans, real estate sales, real estate tax protests, Off Track Betting leases and concessionaire agreements, audit letters and representations, horse racing regulatory matters, shareholder screening in Illinois Gaming Board applications and renewals, sports wagering agreements, employment, union, OSHA and other licensing matters, all litigation in lawsuits not covered by insurance ranging from mechanics liens to wrongful discharge claims, and involvement with casino financing matters. The partners of the firm will be paid at the rate of $600 per hour. In the 90 days prior to the Petition Date, Carey White billed the Debtors $210,943 and were paid $120,000 by the Debtors and third parties. As of the Petition Date, the Debtors owed Carey White the sum of $773,479 for legal services rendered before the Petition Date. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Murnighan disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: F. Kevin Murnighan Carey White Boland Murnighan & Murray, LLC 33 W. Jackson Blvd., Suite 500 Chicago, IL 60604 Tel: (312) 939-4300 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. HAWTHORNE RACE: Hires Getzler Henrich as Financial Advisor ---------------------------------------------------------- Hawthorne Race Course, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Getzler Henrich & Associates LLC as financial advisor. The firm's services include: -- preparation of the schedules of assets and liabilities and statements of financial affairs • Preparation of monthly operating reports, including coordinating and responding to any inquiries relating to the reports filed; -- preparation of any Plan exhibits, including, but not limited to, post-confirmation financial projections and best interests tests; -- compliance with any court order with respect to financial reporting and other requirements; -- assistance with the preparation of 13-week cashflow, DIP or cash collateral budgets, including any required variance reports; -- assistance with negotiating the terms of, and seek approval of, any cash collateral motions and/or DIP loan facility; -- participation in Court hearings and, if necessary, providing testimony in connection with any hearings before the Court, including but not limited to the first meeting of creditors and any Rule 2004 examinations; -- consulting with all other retained parties, creditors' committee and other parties-in interest; -- assistance in communicating with the Debtors' vendors, employees, lender and other parties-in-interest as appropriate and required; -- assistance with the preparation of court motions as requested by counsel; -- assistance with the analysis and reconciliation of claims against the Company; -- assistance with the formulation of any plan and disclosure statement; -- guidance through any §363 sale process or any alternative plan process; and -- provision of other financial advisory services that may be requested by the Company or its attorneys. The firm will be paid at these rates: Principal / Managing Director $735 to $895 per hour Director / Specialists $595 to $795 per hour Associate Professionals $225 to $595 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Campbell disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David Campbell Getzler Henrich & Associates LLC 295 Madison Avenue, 20th Floor New York, NY 10017 Tel: (212) 697-2400 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. HAWTHORNE RACE: Hires Saul Ewing LLP as Bankruptcy Counsel ---------------------------------------------------------- Hawthorne Race Course, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Saul Ewing LLP as bankruptcy counsel. The firm's services include: a. providing legal advice with respect to the Debtors’ powers and duties as debtors in possession in the continued operation of their businesses and management of their properties; b. preparing and pursuing confirmation of a plan and approval of a disclosure statement; c. preparing, on behalf of the Debtors, necessary applications, motions, answers, orders, reports, and other legal papers; d. appearing in Court and protecting the interests of the Debtors before the Court; e. providing assistance, advice, and representation concerning any investigation of the assets, liabilities, and financial condition of the Debtors that may be required under local, state, or federal law or orders of this or any other court of competent jurisdiction; f. providing counseling and representation with respect to the assumption or rejection of executory contracts and leases, transfers of assets, and other bankruptcy-related matters arising from these chapter 11 cases; g. providing counseling and representation with respect to any potential marketing process, auction, sale, recapitalization or other transaction; and h. performing all other services assigned by the Debtors to Saul Ewing as counsel to the Debtors, and to the extent the firm determines that such services fall outside of the scope of services historically or generally performed by Saul Ewing as counsel in a bankruptcy proceeding, Saul Ewing will file a supplemental declaration pursuant to Bankruptcy Rule 2014. The firm will be paid at these rates: Barry A. Chatz, Partner $1,115 per hour David Golin, Partner $910 per hour George P. Apostolides, Partner $850 per hour Turner N. Falk, Associate $545 per hour Mariam Khoudari, Associate $505 per hour As of the petition date, the firm hold a retainer of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Consistent with Part D(1) of the U.S. Trustee Guidelines, Barry A. Chatz state as follows: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and reasons for the difference. Response: Saul Ewing began working with the Debtors in connection with restructuring matters on or about October 14, 2024. Saul Ewing's billing rates were adjusted in January 2026 to reflect economic and other conditions. Question: Has your client approved your respective budget and staffing plan, and if so, for what budget period? Response: The Debtors approved or will be approving a prospective budget and staffing plan for Saul Ewing's engagement for the postpetition period, as appropriate. In accordance with the U.S. Trustee Guidelines, the budget may be amended as necessary to reflected changed or unanticipated developments. Mr. Chatz disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Barry A. Chatz, Esq. David A. Golin, Esq. SAUL EWING LLP 161 North Clark Street, Suite 4200 Chicago, IL 60601 Telephone: (312) 876-7100 Email: barry.chatz@saul.com david.golin@saul.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. HAWTHORNE RACE: Seeks to Hire FGMK LLC as Accountant ---------------------------------------------------- Hawthorne Race Course, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ FGMK, LLC as accountant. The firm will provide these services: a. audit of the consolidated financial statements of Carey Heirs, Properties, LLC, which comprise the consolidated balance sheet as of December 31, 2025, and the related consolidated statements of operations and members' deficit, and cash flows for the year then ended and issue an auditor's report that includes the Firm's opinion about whether the consolidated financial statements are fairly presented, in all material respects, in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"); b. audit of the consolidated financial statements of Hawthorne Race Course, Inc. and Subsidiary, which comprise the consolidated balance sheet as of December 31, 2025, and the related consolidated statements of operations, stockholders' deficit, and cash flows for the year then ended and issue an auditor's report that includes the Firm's opinion about whether the consolidated financial statements are fairly presented, in all material respects, in accordance with U.S. GAAP; c. audit of the financial statements of Suburban Downs, Inc., which comprise the balance sheet as of December 31, 2025, and the related statements of operations, stockholders' equity, and cash flows for the year then ended and issue an auditor's report that includes the Firm's opinion about whether the financial statements are fairly presented, in all material respects, in accordance with U.S. GAAP; d. prepare the tax compliance, consisting of Form 1120, U.S. Corporation Income Tax Return and Illinois Income Tax Return for Hawthorne Race Course Inc. and Subsidiary for the tax year ended December 31, 2025; e. prepare the tax compliance, consisting of Form 1120, U.S. Corporation Income Tax Return and Illinois Income Tax Return for Suburban Downs, Inc. for the tax year ended December 31, 2025; f. prepare the tax compliance, consisting of Form 1065, U.S. Return of Partnership Income, and Illinois Form IL-1065 Partnership Replacement Tax Return for Carey Heirs Properties, LLC for the tax year ended December 31, 2025; g. prepare the tax compliance, consisting of Form 1065, U.S. Return of Partnership Income, and Illinois Form IL-1065 Partnership Replacement Tax Return for Thomas Carey Heirs, L.L.C. the tax year ended December 31, 2025. The firm will be paid $220,000 for independent audit services related to the year ended December 31, 2025, and $47,500 for tax compliance services for the tax year ended December 31, 2025. Before the Petition Date, FGMK was engaged by the Debtors on January 24, 2025 to provide audit and tax services related to the year ended December 31, 2024. These engagements have been finalized. The unpaid fees related to these engagements are currently $148,900 due from the Debtors to FGMK. In addition, the Debtors owe an additional $16,967.50 in fees to FGMK that had not yet been billed as of the Petition Date. Finally, the Debtors made payment to FGMK of $30,000 within ninety days before the Petition Date. Mr. Fernandez disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael Fernandez FGMK, LLC 2801 Lakeside Drive, 3rd Floor Bannockburn, IL 60015 Tel: (847) 374-0400 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. HIAWATHA MANOR: Plan Exclusivity Period Extended to Nov. 6 ---------------------------------------------------------- Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the Middle District of Tennessee extended Hiawatha Manor Association, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 6, 2026 and January 6, 2027, respectively. As shared by Troubled Company Reporter, the Debtor explains that cause exists to grant the relief requested exists for a number of compelling reasons. First, the Debtor continues to work toward a successful sale of Hiawatha East and Hiawatha West, so the Debtor may propose and confirm a plan and conclude this case. Unfortunately, due to a variety of factors, the Sale Process contemplated for this type of chapter 11 case necessarily takes time because of unique factors relating to the ownership structures and obtaining adequate notice to all parties in interest. Nevertheless, the Sale Process is foundational to the proposal of any successful plan in this chapter 11 case. Second, the Debtor's purpose in seeking extension of the Exclusivity Periods is a good-faith effort to avoid unnecessarily kicking off a plan process prematurely and unnecessarily incurring the added administrative costs that would coincide with such plan process. Further, commencing the plan process ahead of the Sale Process would put the proverbial cart before the horse, serving only to distract from the successful pursuit of the Sale Process. Third, given consideration to each of the foregoing, the Debtor submits that the Extension of the Exclusivity Periods will ultimately serve as a benefit for stakeholders as a whole. Hiawatha Manor Association, Inc. is represented by: Blake D. Roth, Esq. C. Scott Kunde, Esq. Holland & Knight LLP 511 Union Street, Suite 270 Nashville, TN 37219 Telephone: (615) 244-6380 Facsimile: (615) 244-6804 Email: Blake.Roth@hklaw.com About Hiawatha Manor Association Hiawatha Manor Association, Inc., oversees the management of the timeshare condominiums known as Hiawatha Manor and Hiawatha Manor I. Hiawatha Manor Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-01916) on May 6, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Randal S. Mashburn handles the case. The Debtor is represented by Blake D. Roth, Esq., at Holland & Knight, LLP. HOMESLEEP LLC: Nancy Isaacson Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Nancy Isaacson, Esq., at Greenbaum, Rowe, Smith & Davis, LP, as Subchapter V trustee for HomeSleep, Limited Liability Company. Ms. Isaacson will be paid an hourly fee of $500 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Isaacson declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nancy Isaacson, Esq. Greenbaum, Rowe, Smith & Davis, LP 75 Livingston Avenue Roseland, NJ 08068 Phone: (973) 535-1600 Email: nisaacson@greenbaumlaw.com About HomeSleep LLC HomeSleep, LLC delivers at-home sleep diagnostic services across the U.S., helping detect obstructive sleep apnea and other sleep-related disorders. Founded around 2012 and based in New Jersey, the company is Joint Commission certified and accredited by the American Academy of Sleep Medicine. Patients complete tests at home, and board-certified sleep specialists analyze results, providing diagnostic reports. Its services support patients, physicians, hospitals, dentists, and employers seeking convenient, reliable sleep assessments. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-13360) on March 27, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Jonathan Perrone, managing member and chief executive officer, signed the petition. Kenneth L. Baum, Esq. at the Law Offices of Kenneth L. Baum, LLC represents the Debtor as bankruptcy counsel. HOWARD'S APPLIANCES: Hearing Today on Bid to Appoint Examiner ------------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California is set to hold a hearing today to consider the motion by former employees of Howard's Appliances, Inc. to appoint an independent examiner in the company's Chapter 11 case. The motion filed by James Rosas and Kermit Scott Christians, former employees and fully vested participants in the Employee Stock Ownership Plan, sought the appointment of an examiner to investigate ESOP administration, real-estate, and related-party transactions, and potential estate causes of action. Mr. Rosas and Christians argued that appointment of an independent examiner is warranted because: * Howard's engaged in complex, multi-year real-estate transactions (Upland sale, Pico Rivera sale-leaseback and resale, La Habra sale) that materially altered the company's capital structure. * ESOP plan summary statements and valuation reports were delayed or not provided for 2024-2025, leaving fully vested participants uninformed about their retirement accounts and the impact of major transactions. * The ESOP was terminated in April 2025, with participants receiving certificates that became worthless months before the December 2025 bankruptcy filing. * ESOP administration was handled by insiders with potential conflicts, not independent fiduciaries, despite ERISA's strict duties of loyalty and prudence. The former employees asserted that the pattern of asset liquidation, delayed disclosures, and ESOP termination suggest potential ERISA breaches, including failure to act prudently, failure to diversify, prohibited transactions with parties in interest, and improper valuation practices. These claims may yield significant recoveries if properly investigated and prosecuted and should be preserved for the estate, not released or ignored. About Howard's Appliances Inc. Howard's Appliances, Inc. is a California-based retailer specializing in home appliances, electronics and related accessories. The company operates brick-and-mortar stores and provides sales, delivery and installation services for major household brands, serving residential customers across the state. Howard's Appliances, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21116) on December 10, 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 handled by Honorable Bankruptcy Judge Sheri Bluebond. The Debtor is represented by David M. Goodrich, Esq. IAMGOLD CORP: Moody's Ups CFR to B1 & Alters Outlook to Stable -------------------------------------------------------------- Moody's Ratings upgraded IAMGOLD Corporation's (IAMGOLD) corporate family rating to B1 from B2, the probability of default rating to B1-PD from B2-PD, and senior unsecured notes to B2 from B3. The Speculative Grade Liquidity Rating (SGL) was upgraded to SGL-1 from SGL-2 and the rating outlook has changed to stable from positive. IAMGOLD's rating upgrade reflects the company's significant progress in reducing debt, including lowering net debt by approximately $515 million in 2025 and the complete repayment of a $400 million second-lien term loan. The upgrade also reflects the successful ramp-up of Cote Gold operations to full production, bolstering IAMGOLD's overall production and cost efficiency. RATINGS RATIONALE IAMGOLD's CFR benefits from: (1) modest financial leverage that will remain below 1x; (2) its increased exposure to Canada with its Cote Gold project now in commercial operations with a long mine life of over 15 years; and (3) free cash flow generation. The ratings are constrained by: (1) its moderate scale (3 mines and 720 - 820 thousand attributable gold ounces expected in 2026); (2) geopolitical risk associated with its Essakane mine in Burkina Faso; (3) exposure to variable gold prices; and (4) a short mine life at the Essakane mine (currently to 2029). The ramp-up of IAMGOLD's 70% owned Cote Gold mine has significantly strengthened the company's operating profile, boosting production, lowering costs and improving jurisdictional diversification. In 2025, its first full year of operation, Cote produced 279,900 ounces of attributable gold and accounted for 37% of IAMGOLD's total output. Cote's large scale and relatively low unit costs have materially improved the company's cost structure, with cash costs (excluding royalties) expected to be between $900 - $1,050/oz in 2026, and even during ramp-up, its cash costs (around $1,200/oz in 2025) were below those of IAMGOLD's other mines. Moreover, Cote's Canadian location provides substantial cash flow from a stable jurisdiction, reducing reliance on higher-risk assets in West Africa. In 2026 the mine is expected to produce 270,000–310,000 attributable ounces. Governance considerations were a key factor of the rating upgrade for IAMGOLD, reflecting management's debt reduction efforts and prudent capital allocation policy, which underscore the company's commitment to reducing leverage and maintaining disciplined financial policies. IAMGOLD has very good liquidity (SGL-1), with about $1.57 billion of total sources against minimal uses to December 2026. IAMGOLD's sources consist of about $423 million of cash at December 2025, approximately $445 million available on its $650 million committed facility (expiring December 2028), and Moody's expectations of about $700 million of free cash flow to December 2026. Uses are minimal with no material debt maturities or amortization over the next 12 months. IAMGOLD's credit facility and term loan include financial covenants which Moody's believes the company will remain in compliance with. Alternate liquidity is limited due to the company's small and concentrated asset base. The B2 rating on the company's senior unsecured notes, is one notch below the B1 CFR, reflecting the subordination of the unsecured notes to the secured revolving credit facility and second-lien secured term loan. The stable rating outlook reflects Moody's expectations that the company will generate positive free cash flow and maintain strong credit metrics over the next 12-18 months as it benefits from Cote Gold now fully producing, declining capital intensity, and reduced debt following recent repayments. Moody's also expects the company to maintain a balanced capital allocation framework, under which excess cash flow is allocated across shareholder returns, further debt reduction, and retained liquidity to support organic investment and future growth. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company increases its operational diversity, particularly in light of the limited lifespan of the Essakane mine; likely through the acquisition of additional mines or project development while maintaining its current cost position. An upgrade would also require that IAMGOLD maintains adjusted debt to EBITDA below 2.5x and good liquidity. The rating could be downgraded if free cash flow is negative on a sustained basis or if the company experiences material operational issues at one of its mines which could result in lowered production and higher costs. Moody's would also consider a downgrade if the leverage ratio increases to and is sustained above 3.5x. IAMGOLD Corporation, based in Toronto, Canada, operates three gold mines: Coté Gold (70% ownership) and Westwood (100%) in Canada, and Essakane (85%) in Burkina Faso. The principal methodology used in these ratings was Mining published in February 2026. IAMGOLD's B1 rating is three notches below the Ba1 scorecard-indicated outcome based on its LTM December 31, 2025 financials. The difference reflects the company's small scale and concentration of production as well as its exposure to volatile commodity prices. IES ELEVATOR: Hires Batista Law Group PSC as Counsel ---------------------------------------------------- IES Elevator Group Corp. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ The Batista Law Group, PSC to handle its Chapter 11 case. The hourly rates of the firm's counsel and staff are: Jesus Batista Sanchez, Attorney $350 Associates $275 Paralegals $110 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $9,000. Mr. Batista Sanchez, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jesus E. Batista Sanchez, Esq. The Batista Law Group, PSC Capital Center I 239 Ave Arterial de Hostos Suite 206 San Juan PR 00918 Telephone: (787) 620-2856 Facsimile: (787) 777-1589 Email: jeb@batistasanchez.com About IES Elevator Group Corp. IES Elevator Group Corp. filed a Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 26-01519) on April 1, 2026. The Debtor hires The Batista Law Group, PSC as counsel. IMMACULATE DETAIL: Joseph Cotterman Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 14 appointed Joseph Cotterman as Subchapter V trustee for Immaculate Detail, LLC. Mr. Cotterman will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Cotterman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joseph E. Cotterman 5232 W. Oraibi Drive Glendale, AZ 85308 Telephone: 480-353-0540 Email: cottermail@cox.net About Immaculate Detail LLC Immaculate Detail LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03016) on Mar. 28, 2026. Judge Eddward P. Ballinger Jr. oversees the case. Ronald J. Ellett, Esq., at Ellet Law Offices, PC represents the Debtor as counsel. INFINITY CARE: Seeks to Hire TALG Ltd. as Special Counsel --------------------------------------------------------- Infinity Care of East L.A. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ TALG, Ltd. as special counsel. The Debtor needs the firm's legal assistance in connection with the following cases: (i) Hafiz Kr Bhutta v. Infinity Care of East L.A., et al., Lead Case No. KC070658, Consolidated with Case Nos. 22PSCV00950 and 21PSCV00698, pending in the Superior Court of California, County of Los Angeles; and (ii) LeMonde v. Infinity Care of East L.A., et al., Case No. 24STCV30441 in the Superior Court of California, County of Los Angeles. The firm will be paid at these rates: Ismail Amin $650 per hour Partner $500 per hour Associate $425 per hour Paralegal $175 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Meade disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David M. Goodrich, Esq. Kevin Meade, Esq. TALG, Ltd. 3161 Michelson Dr., Suite 1025 Irvine, CA 92612 Tel: (949) 502-7715 About Infinity Care of East L.A. Infinity Care of East L.A. operates as a skilled nursing facility in Los Angeles, California, providing 24-hour nursing care, long-term residential services, and rehabilitation therapy. The facility is certified to participate in Medicare and Medicaid programs and serves patients requiring post-acute and extended care. Infinity Care of East of L.A. in Los Angeles, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 26-11877) on Feb. 27, 2026, listing as much as $1 million to $10 million in both assets and liabilities. David M. Goodrich as chief restructuring officer, signed the petition. MARSHACK HAYS WOOD LLP serve as the Debtor's legal counsel. ISM HOLDINGS: Hires Anderson Bowman PLLC as Bankruptcy Counsel -------------------------------------------------------------- ISM Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Anderson Bowman, PLLC, as its attorneys. The firm will render these services: a) assist the Debtor in administering this case; b) make such motions and court appearances or taking such action as may be appropriate or necessary under the Bankruptcy Code; c) take such steps as may be necessary for Debtor to marshal and protect the estate's assets; d) negotiate with Debtor's creditors in formulating a plan of reorganization for Debtor in this case; e) draft and prosecute the confirmation of Debtor's plan of reorganization in this case; and f) render such additional services as Debtor may require in this case. The firm's regular hourly rates are: Partners $625 Associates $475 to $525 Paralegals/Law Clerks $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $25,000 from the Debtor. Btzalel Hirschhorn, Esq., a senior associate at Anderson Bowman & Wallshein, 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: Btzalel Hirschhorn, Esq. Anderson Bowman & Wallshein, PLLC 80-02 Kew Gardens Road, Suite 600 Kew Gardens, NY 11415 Telephone: (718) 263-6800 Facsimile: (718) 520-9401 Email: bhirschhorn@abwpllc.com About ISM Holdings, LLC ISM Holdings, LLC owns a portfolio of residential properties in Newark, Irvington, and Sicklerville, New Jersey, comprising single-family and multi-family homes, with a combined assessed value of approximately $6.35 million. ISM Holdings, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41242) on March 16, 2026, listing $6,355,275 in assets and $3,888,200 in liabilities. Judge Jil Mazer-Marino presides over the case. Btzalel Hirschhorn, Esq. at SHIRYAK, BOWMAN, ANDERSON, GILL & KADOCHNIKOV, LLP serves as the Debtor's counsel. JAK ENTERPRISES: Michael Markham Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Michael Markham, Esq., as Subchapter V trustee for Jak Enterprises SWFL II, LLC. Mr. Markham, a partner at Johnson Pope Bokor Ruppel & Burns, LLP, will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Markham declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Michael C. Markham, Esq. Johnson Pope Bokor Ruppel & Burns, LLP 401 E. Jackson Street, Suite 3100 Tampa, FL 33602 Phone: (727) 480-5118 Mikem@jpfirm.com About Jak Enterprises SWFL II Jak Enterprises SWFL II, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00732) on March 31, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Luis Ernesto Rivera II presides over the case. Michael R. Dal Lago, Esq., represents the Debtor as legal counsel. JAMESBRIDGE 2017: Receiver Sought Amid $14MM Loan Default --------------------------------------------------------- Wells Fargo Bank, National Association, as Trustee for the Registered Holders of CSAIL 2019-C17 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-C17, filed an immediate motion with the U.S. District Court for the Western District of Tennessee, Memphis Division, seeking the appointment of MS Manager, LLC as receiver for Jamesbridge 2017 LLC, CS Jamesbridge LLC, Jamesbridge 5777 LLC, and Pinchos David Shemano. Lender may be reached at: Wells Fargo Bank, National Association 9062 Old Annapolis Road Columbia, MD 21045 The Lender is the holder of a deed of trust and other loan documents secured by a multi-family apartment complex consisting of 414 apartment units located at 3815 Advantage Way Drive, Memphis, TN 38128. The Borrower and the Lender are parties to (i) a Loan Agreement dated July 10, 2019, and (ii) the other agreements, documents and instruments executed and delivered in connection with, related to, or referenced in the Loan Agreement pursuant to which Borrower obtained a $15 million loan to purchase the Property. The Loan, Borrower executed a Promissory Note dated July 10, 2019, in the original principal amount of $15,000,000.00 in favor of Grass River Real Estate Credit Partners Loan Funding, LLC. As security for the Loan, Borrower executed a Fee and Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated July 10, 2019, recorded on July 11, 2019, as Instrument No. 19069202 in the Office of the Shelby County Register of Deeds. The Deed of Trust was assigned to Grass River Warehouse Facility Entity Two, LLC, by Assignment and Assumption of Interest under Deed of Trust dated July 10, 2019, and recorded on August 6, 2019, as Instrument No. 19079090 in the Shelby County Register's Office. The Deed of Trust was further assigned to Wells Fargo by Assignment of Fee and Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, effective September 25, 2019, and recorded on November 19, 2019, as Instrument No. 19120223 in the Shelby County Register's Office. As additional security for the Loan, the Borrower executed an Assignment of Leases and Rents dated as of July 10, 2019, in favor of Original Lender, which ALR was recorded on July 11, 2019, as Instrument No. 19069203 in the Shelby County Register's Office. The ALR was assigned to Grass River Warehouse Facility Entity Two, LLC, by Assignment and Assumption of Interest under Assignment of Leases and Rents dated July 10, 2019, and recorded on August 6, 2019, as Instrument No. 19079089 in the Shelby County Register's Office. The ALR was further assigned to Lender by Assignment of Leases and Rents effective September 25, 2019, and recorded on November 19, 2019, as Instrument No. 19120224 in the Shelby County Register’s Office. Original Lender recorded a fixture filing on July 11, 2019, as Instrument No. 19069204 in the Shelby County Register's Office (the "Fixture Filing"). The Fixture Filing was assigned to Grass River Warehouse Facility Entity Two, LLC by Instrument No. 19120225, recorded on November 19, 2019, in the Shelby County Register's Office. The Fixture Filing was assigned to Lender by Instrument No. 19079091, recorded on August 6, 2019, in the Shelby County Register's Office. The Fixture Filing was continued by Instrument No. 24023272, recorded on March 21, 2024, in the Shelby County Register's Office. Lender filed a UCC filing in the Tennessee Secretary of State's Office on July 18, 2019, as Filing No. 430970655 (the "Tennessee UCC"). The Tennessee UCC was assigned to Grass River Warehouse Facility Entity Two, LLC on August 29, 2019, by Amendment Document No. 431193758, of record in the Tennessee Secretary of State's Office. The Tennessee UCC was further assigned to Lender on November 18, 2019, by Amendment Document No. 431573405, of record in the Tennessee Secretary of State's Office. Lender filed a UCC filing in the Delaware Secretary of State's Office on July 11, 2019, as Filing No. 2109 4798208. The Delaware UCC was assigned to Grass River Warehouse Facility Entity Two, LLC on August 29, 2019, by Amendment Document No. 2019 6029834, of record in the Delaware Secretary of State’s Office. The Delaware UCC was further assigned to Lender on November 18, 2019, by Amendment Document No. 2019 8140217, of record in the Delaware Secretary of State's Office. As further security for the Loan, Guarantor executed that certain Guaranty of Recourse Obligations dated July 10, 2019. Borrower defaulted on its obligations under the terms of the Loan Documents by virtue of, among other things, the Borrower's failure to make the payments due on the Monthly Payment Dates occurring in October, November, and December, 2025, and January and February, 2026. By letter dated December 23, 2025, the Lender provided Borrower, with a copy to Guarantor, notice of default and made a demand for payment of the amounts due. Borrower and/or Guarantor failed to remedy the default. Lender discovered additional events of default, including but not limited to (a) Borrower's failure to comply with the covenants contained in Sections 3.40, 4.26 and/or 4.27 of the Loan Agreement relating to the PILOT Documents, as evidenced by that certain Legal Notice of PILOT Default dated January 16, 2026 to Borrower from counsel to The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee and (b) the Property becoming subject to liens which have remain undischarged of record for more than 30 days. In addition, Borrower has failed to comply with Section 4.3 of the Loan Agreement by failing to (i) cause the Property to be maintained in a good and safe condition and repair and (ii) promptly repair, replace, or rebuild any part of the Property which may be destroyed by any casualty, or become damaged, worn, or dilapidated. Lender verified the condition of the Property with a physical inspection of the Property, which resulted in the attached inspection report with pictures. The inspection report reflects that the Property is in disrepair, including an entire building that is uninhabitable due to fire damage. It is also believed that squatters have taken up residence at the Property. By letter dated February 4, 2026, the Lender notified Borrower and Guarantor of additional events of default, acceleration of the full loan balance, and demanded payment and compliance. As of February 12, 2026, the unpaid principal balance outstanding on the Loan Documents is $14,271,402.34. All other amounts due under the Note and all other Loan Documents, including but not limited to all accrued and unpaid interest, incurred attorneys' fees, and costs of collection, pre- and post-judgment interest, and any other costs incurred in collecting and enforcing any judgment entered herein, are recoverable under the express terms of the contracts entered into between the parties. The unpaid principal balance plus any other amounts due and payable under the Note and all other Loan Documents shall be referred to herein as the "Indebtedness." Thus, the entire amount of the Indebtedness has been accelerated and is now due and payable under the terms of the Note. Due to the events of default, interest now accrues on the Indebtedness at the Default Rate from and after October 5, 2026, in accordance with the Loan Documents. The Indebtedness remains unpaid. Given the multitude of defaults and Borrower's failure and refusal to maintain and repair the Property, Lender must exercise its rights and remedies under the Loan Documents and requests that the Court appoint a receiver over Borrower, the Property, and its assets to preserve the assets and maximize the value of the Property. As there is no fixed rule regarding the appointment of a receiver, the Sixth Circuit Court of Appeals has held that district courts should consider the following factors in deciding whether to appoint a receiver: (1) "whether the property at issue is in imminent danger of being lost, concealed, injured, diminished in value, or squandered," (2) "whether the defendant engaged in fraudulent conduct," (3) "the inadequacy of the available legal remedies," (4) "the likelihood that the appointment will do more good than harm," (5) "whether there is inadequate security for a debt and whether a debtor is insolvent." Wells Fargo contends if a receiver is not appointed, Borrower will continue to dissipate the Lender's Collateral. A receiver will ensure that Borrower does not dissipate or misuse the Lender's Collateral that could be used to pay Borrower’s overdue obligations to the Lender. The appointment of a receiver is critical to prevent further dilution of the Collateral. The Receiver's proposed compensation is for the greater of a minimum monthly fee of $7,500 or a fee of 4% of total collections, excluding security deposits not retained. About Jamesbridge 2017 LLC, et al. Jamesbridge 2017 LLC, CS Jamesbridge LLC, Jamesbridge 5777 LLC, and Pinchos David Shemano own a multi-family apartment complex consisting of 414 apartment units located at 3815 Advantage Way Drive, Memphis, TN 38128. Jamesbridge et al., are facing a receivership case captioned as Wells Fargo Bank, National Association, as Trustee for the Registered Holders of CSAIL 2019-C17 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-C17 v. Jamesbridge 2017 LLC, CS Jamesbridge LLC, Jamesbridge 5777 LLC, and Pinchos David Shemano, Case No. 2:26-cv-02264 (M.D. Fla.), before the Hon. Brian C. Lea. The case was filed on March 12, 2026. Jamesbridge 2017 LLC, CS Jamesbridge LLC, and Jamesbridge 5777 LLC are represented by: Yosef Horowitz, Esq. Glankler Brown, PLLC Tel: 901-576-1758 E-mail: jhorowitz@glankler.com Attorneys for Lender: Erika R. Barnes, Esq. STITES & HARBISON PLLC 401 Commerce St., Suite 800 Nashville, TN 37219 Tel: (615) 782-2252 E-mail: ebarnes@stites.com K&M JACKSON: Gets Final OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas granted K&M Jackson Enterprises, LLC final approval to use cash collateral to continue operating its business. Under the final order, the Debtor is authorized to use cash collateral in accordance with its budget, with a permitted variance of up to 10% on a rolling basis. The Debtor projects total monthly operational expenses of $150,209. The secured creditors that may have interest in the cash collateral are Texas Dow Employees Credit Union, PHH Mortgage, TDECU, TD Auto Finance, Texas Car Title, the U.S. Small Business Administration, and PeopleFund. As adequate protection, secured creditors will be granted replacement liens on post-petition assets, including accounts receivable and other property, with the same priority and extent as their pre-petition liens. These liens do not attach to Chapter 5 avoidance actions and are subject to a carveout for administrative expenses. Additional protection includes staying current on tax payments, maintaining insurance, and filing monthly operating reports. Finally, the Debtor' right to use cash collateral will automatically terminate upon certain events, such as default under the order, case dismissal, conversion to Chapter 7, or plan confirmation. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Rx5i5 from PacerMonitor.com. K&M operates Kids of Valor Academy, a multi-site early childhood education and childcare provider in the Greater Houston/Galveston area, offering programs for children aged six weeks to 12 years, including daycare, preschool, before- and after-school programs, summer camps, and transportation services. The business generates revenue primarily from tuition, subsidies, and transportation fees, employing over 30 staff across multiple locations and maintaining a fleet for student transport. The Debtor's need to use cash collateral arises from imminent financial distress triggered by a non-judicial foreclosure on its core operating property in Santa Fe, Texas, due to default on the Texas Dow Employees Credit Union mortgage, combined with cash-flow pressure from layered debt and operational restructuring. About K&M Jackson Enterprises LLC K&M Jackson Enterprises, LLC operates in the childcare services industry and is associated with the Kids of Valor Academy brand, providing early childhood education and preschool programs across multiple Texas locations. K&M sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-80149) on March 2, 2026, listing up to $10 million in both assets and liabilities. Mona Jackson, chief executive officer of K&M, signed the petition. Judge Alfredo R. Perez oversees the case. Alex Olmedo Acosta, Esq., at Acosta Law P.C., represents the Debtor as bankruptcy counsel. KEY PAINTING: Case Summary & 15 Unsecured Creditors --------------------------------------------------- Debtor: Key Painting & Decorating, LLC 100 W. 2nd Street Hummelstown, PA 17036 Business Description: Key Painting & Decorating LLC, founded in 1975 and based in Hummelstown, Pennsylvania, provides residential, commercial, and industrial painting services, along with wallpaper installation, cabinet refinishing, and related interior and exterior work. The company serves customers across Central Pennsylvania, including the Harrisburg, Hershey, Lancaster, Mechanicsburg, and York areas. Chapter 11 Petition Date: April 9, 2026 Court: United States Bankruptcy Court Middle District of Pennsylvania Case No.: 26-00959 Judge: Hon. Henry W Van Eck Debtor's Counsel: Craig A. Diehl, Esq. LAW OFFICES OF CRAIG A. DIEHL 3464 Trindle Road Campbell Hill, PA 17011 Tel: (717)-763-7613 Fax: (717) 763-8293 Total Assets: $461,532 Total Liabilities: $1,506,586 The petition was signed by Bryan Daniels as member. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5KCI6PI/Key_Painting__Decorating_LLC__pambke-26-00959__0001.0.pdf?mcid=tGE4TAMA KOINONIA CONSTRUCTION: To Sell Elko Properties to Multiple Buyers ----------------------------------------------------------------- Koinonia Construction Inc., dba Impact Roofing, seeks approval from the U.S. Bankruptcy Court for the District of Nevada, to sell four improved real properties, free and clear of liens, claims, interests, and encumbrances. The Debtor is in the business of developing, constructing and selling residential homes in Elko, Nevada. The Debtor currently has nine residential homes under construction, including but not limited to four residential homes that are completed and ready to sell in the next ten days, and four residential homes that are completed, or nearly completed, that are ready to sell in the next 20 to 3 days. With respect to the four residential homes that the Debtor has completed and needs to close escrow immediately, the Debtor has received certain purchase offers to acquire and sell these four residential homes, and is in need to close same within the next ten days. The following described four real property transactions require the United States Bankruptcy Court approval: a) The Debtor has made the decision to sell its improved real property located at 2503 N. 5th Street, Elko, Nevada 89801, for the purchase price of $345,000.00 to Buyers Travis C. Yates and Tricia L. Penn; b) The Debtor has made the decision to sell its improved real property located at 2505 N. 5th Street, Elko, Nevada 89801, for the purchase price of $345,000.00 to Buyers Kevin Toe and Orianne Toe; c) The Debtor has made the decision to sell its improved real property located at 2413 N. 5th Street, Elko, Nevada 89801, for the purchase price of $350,000.00 to Buyer Edgear Juarez; and d) The Debtor has made the decision to sell its improved real property located at 2421 N. 5th Street, Elko, Nevada 89801, for the purchase price of $350,000.00, to Buyer Chukwunwike Odibi and Ogabe Annabel Odibi. The terms and conditions of the Sale Agreements with respect to each of the four Properties are also provided. https://urlcurt.com/u?l=tWbDgX The Debtor also seeks authorization to employ its prepetition real estate broker LPT Realty. The Debtor is also requesting no overbidding for the sales of the four properties, given the fact that these proposed sales are made in the ordinary course of Debtor's business of developing, constructing and selling residential homes in the City of Elko, State of Nevada, and are market tested over time. Debtor believes the sale of each of the Property, is in the best interest of the estate because these sales have been market tested from several years of developing, constructing and selling residential homes in the Elko, Nevada urban area. The Debtor is not aware of any defaults of the Listing Agreements and the Agreements that require curing. The Debtor further requests that the Court authorize the sale of the Properties, free and clear of all liens, claims, and encumbrances. About Koinonia Construction Inc. Koinonia Construction Inc., doing business as Impact Roofing, is an Elko, Nevada-based construction and development company that builds homes, manages housing projects, and provides roofing services under its Impact Roofing brand. Since its founding, the firm has overseen multi-phase residential developments such as Mountain View and Copper Trails, while maintaining a fleet of trucks, telehandlers, backhoes, and other heavy equipment to support its on-site construction work. Beyond construction, Koinonia manages a portfolio of townhouses and land parcels on North 5th Street and Platinum Drive, reflecting its integrated approach to development, building, and property management. Koinonia Construction sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No.: 26-50335) on April 3, 2026. In the petition that was signed by Luke Fitzgerald as president, the Debtor disclosed total assets of $5,475,376 and total liabilities of $6,771,688. Debtor's Counsel: Stephen R. Harris, Esq., at HARRIS LAW PRACTICE LLC, in Reno, Nevada. KOKOMO RESTAURANT: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Kokomo Restaurant, LLC 65 Kent Avenue Brooklyn, NY 11249 Business Description: Kokomo Restaurant, LLC, based in Brooklyn, New York, operates a Caribbean-inspired restaurant in the Williamsburg waterfront district, serving elevated cuisine, cocktails, brunch, and related hospitality services. Opened in 2020, the restaurant offers dishes such as jerk chicken, oxtail, plantain pancakes, and flatbreads, along with a bar program and event-oriented dining spaces. The business is part of Kokomo Hospitality Group, which also operates in New York City's hospitality market. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41685 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: Robert L. Rattet, Esq. DAVIDOFF HUTCHER & CITRON LLP 605 Third Avenue 34th Floor New York, NY 10158 Tel: 212-557-7200 Fax: 212-286-1884 E-mail: rlr@dhclegal.com Total Assets: $119,995 Total Liabilities: $1,811,093 The petition was signed by Ria McKenzie as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7U2NHAI/Kokomo_Restaurant_LLC__nyebke-26-41685__0001.0.pdf?mcid=tGE4TAMA LASEN INC: Affiliate Wins Court Nod to Access Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Arizona entered a second stipulated order allowing SkySkopes, Inc., an affiliate of Lasen, Inc., to continue using cash collateral. This relief follows earlier interim and final orders, which had already authorized such use and were periodically extended by agreement between SkySkopes and its secured lender, Old National Bank (successor to Bremer Bank). The prior authorization to use cash collateral was set to expire on March 30, 2026, but the parties agreed to extend it further. The court accepted this agreement, finding sufficient cause to continue the Debtor's access to cash collateral to support ongoing operations. Under the latest order, the Debtor is permitted to use cash collateral through April 24, strictly in accordance with its latest budget. The funds are to be used only for ordinary, necessary, and essential post-petition operating expenses, ensuring continued business operations during the bankruptcy process. Finally, the court confirmed that all prior findings and terms from the final cash collateral order remain in effect. A copy of the Debtor's budget is available at https://shorturl.at/NrMfJ from PacerMonitor.com. About Lasen Inc. Lasen Inc. develops and operates airborne LiDAR systems for leak detection and pipeline inspections across North America. The Company's proprietary Airborne LiDAR Pipeline Inspection System (ALPIS) identifies methane leaks with high accuracy and efficiency, supporting right-of-way and transmission line monitoring. founded in 1989, LaSen has inspected over 500,000 miles of pipeline and specializes in remote sensing technologies adapted from U.S. defense applications. Lasen Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-05316) on June 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtors are represented by Randy Nussbaum, Esq., at Cavanagh Law Firm. LIBERTY CARRIERS: Case Summary & Nine Unsecured Creditors --------------------------------------------------------- Debtor: Liberty Carriers, Inc. 6443 Southfront Road #1 Livermore, CA 94551 Business Description: Liberty Carriers Inc., based in Livermore, California, operates as a motor carrier providing freight transportation services using a small fleet of heavy-duty trucks, including tractor units and dump trucks, with operations centered on hauling bulk construction and industrial materials such as aggregates, soil, and building supplies. Founded in 2013, the company serves regional construction contractors and infrastructure-related customers across California through short- and long-haul trucking services. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-40730 Judge: Hon. Charles Novack Debtor's Counsel: Ryan C. Wood, Esq. LAW OFFICES OF RYAN C. WOOD, INC. 611 Veterans Blvd. Ste. 218 Redwood City, CA 94063 Tel: 650-366-4858 Fax: 650-366-4875 E-mail: Ryan@westcoastbk.com Total Assets: $295,459 Total Liabilities: $2,430,615 The petition was signed by Gurmit Singh as CEO. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3B6WUJY/Liberty_Carriers_Inc__canbke-26-40730__0001.0.pdf?mcid=tGE4TAMA LINNE'S BOUTIQUE: Commences Chapter 7 Bankruptcy in California -------------------------------------------------------------- On April 5, 2026, Linne's Boutique Corp. filed for Chapter 7 protection in the Central District of California. According to court filings, the debtor reports between $100,001 and $1,000,000 in liabilities owed to 1–49 creditors. About Linne's Boutique Corp. Linne's Boutique Corp. is a retail business engaged in the sale of apparel and fashion-related merchandise. Linne's Boutique Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-13281) on April 5, 2026. In its petition, the debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Deborah J. Saltzman handles the case. The debtor is represented by Kevin Tang, Esq., of Tang & Associates. LIQUOR WORLD: Mark Schlant Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 2 appointed Mark Schlant, Esq., at Zdarsky, Sawicki & Agostinelli, LLP as Subchapter V trustee for Liquor World of Syracuse, Inc. Mr. Schlant will be paid an hourly fee of $320 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schlant declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark J. Schlant, Esq. Zdarsky, Sawicki & Agostinelli, LLP 1600 Main Place Tower 350 Main St. Buffalo, NY 14202 Phone: (716) 855-3200 Email: mschlant@zsalawfirm.com About Liquor World of Syracuse Inc. Liquor World of Syracuse, based in East Syracuse, New York, operates as a retail liquor store offering a wide selection of wines, spirits, and beers, while featuring staff-curated picks and hosting tastings and events designed to introduce customers to new products. The store serves local residents through in-store purchases and delivery, and its online platform allows customers to browse inventory organized by type, country, and region, check promotions, and manage accounts, combining convenience with a community-focused shopping experience. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-30231) on March 27, 2026, with $479,500 in assets and $1,973,714 in liabilities. Kirandeep Nafri, president, signed the petition. Judge Wendy A. Kinsella presides over the case. Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese & Weishaar, P.C. represents the Debtor as legal counsel. LOGAN VILLAGE: Andrew Kight Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 10 appointed Andrew Kight of Allman Kight Hester LLC as Subchapter V trustee for Logan Village Mall, LLC. Mr. Kight 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. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About Logan Village Mall LLC Logan Village Mall, LLC operates retail businesses under the names Three Rusty Nails Shoppe and The Gathering Place from its location at 977 Logan Street in Noblesville, Indiana. Logan Village Mall sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-00252) on January 17, 2025. In its petition, the Debtor reports estimated assets of up to $50,000 and estimated liabilities of between $100,000 and $500,000. Honorable Bankruptcy Judge James M. Carr handles the case. KC Cohen, Lawyer, PC serves as the Debtor's counsel. LURIN REAL: Hires Mark Shapiro of GlassRatner Advisory as CRO ------------------------------------------------------------- Lurin Real Estate Holdings XXI, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ GlassRatner Advisory & Capital Group, LLC and designate Mark Shapiro as chief restructuring officer to Lurin Real Estate Holdings XXI, LLC, Lurin Real Estate Holdings XXVIII, LLC, and Lurin Real Estate Holdings XXXIII, LLC (the "Round 1 Debtors"). The firm's services include: a. providing Mark Shapiro as CRO for the Round 1 Debtors, with such role encompassing the responsibilities and authorities as set forth in the Engagement Letter; b. consulting on all aspects of the Round 1 Debtors' business activities and operations, including budgeting, cash management and financial management; c. attending hearings, providing information and analyses for inclusion in bankruptcy court filings; d. providing testimony, as needed, in the Chapter 11 Cases; e. operating the Round 1 Debtors' business during the Chapter 11 Cases; f. supporting negotiations with the creditors and other constituents in the Bankruptcy Case; g. preparing monthly financial reports as required of a debtor in possession and other financial reporting required by the Office of the United States Trustee on behalf of a debtor in possession; h. coordinating and assisting the Round 1 Debtors in connection with any refinancing, capital raising, and/or sale process for the Round 1 Debtors in their capacity as debtor in possession, including: (i) negotiating terms of debtor in possession financing, if necessary, and/or (ii) developing a plan to sell some or all of the Round 1 Debtors' assets of and/or to reorganize the Round 1 Debtors; i. working with the Round 1 Debtors and their professionals to maximize the value of the Round 1 Debtors' estates; j. assisting the Round 1 Debtors and their counsel in pursuing litigation and claims the estates may have and acting as the responsible party for all corporate decisions; k. assisting the Round 1 Debtors in communications and negotiations with key constituents, as requested, including lenders, equity holders, customers, and/or other stakeholders; and l. providing such other services as requested by the Round 1 Debtors and agreed to by GlassRatner. The firm will be paid at these rates: Mark Shapiro, CRO $950 per hour Senior Managing Directors $650 to $895 per hour Managing Directors $495 to $850 per hour Other $325 to $495 per hour GlassRatner will be paid a Completion Fee of up to $250,000, subject to the Court's approval, upon the consummation of (a) a consensual restructuring, compromise and extinguishment of a substantial amount of its existing indebtedness; (b) a final judicial order approving a plan of reorganization under Chapter 11; or (c) a sale, transfer or other disposition of substantially all of the Debtors' assets in one or more transactions under the Bankruptcy Code. Mr. Shapiro disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Mark Shapiro GlassRatner Advisory & Capital Group, LLC 3500 Maple Avenue, Suite 420 Dallas, TX 75219 Tel: (972) 794-1050 About Lurin Real Estate Holdings XXI, LLC Lurin Real Estate Holdings XXI LLC is a real estate investment and development company focused on commercial and residential property holdings across multiple U.S. markets. Lurin Real Estate Holdings XXI LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-90344) on March 02, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $50 million to $100 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Joshua W. Wolfshohl, Esq. of Porter Hedges LLP. LURIN REAL: Seeks to Hire Porter Hedges LLP as Counsel ------------------------------------------------------ Lurin Real Estate Holdings XXI, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Porter Hedges LLP as counsel to Lurin Real Estate Holdings XXI, LLC, Lurin Real Estate Holdings XXVIII, LLC, and Lurin Real Estate Holdings XXXIII, LLC (the "Round 1 Debtors"). The firm will provide these services: a. provide legal advice and services regarding local rules, practices, and procedures; b. provide certain services in connection with administration of these chapter 11 cases, including, without limitation, preparing agendas, hearing notices and hearing binders of documents and pleadings; c. prepare, review and comment on proposed drafts of pleadings to be filed with the Court as bankruptcy counsel to the Debtors; d. provide legal advice with respect to the Debtors' rights and duties as debtors in possession and continued business operations; e. assist, advise and represent the Debtors in analyzing the Debtors' capital structure, investigating the extent and validity of liens, cash collateral stipulations or contested matters; f. assist, advise and represent the Debtors in any cash collateral and/or postpetition financing transactions; g. assist, advise and represent the Debtors in the preparation of sale and bid procedures for the sale of the Debtors' assets; h. assist, advise and represent the Debtors in any manner relevant to preserving and protecting the Debtors' estates; i. prepare on behalf of the Debtors all necessary applications, motions, answers, orders, reports, and other legal papers; j. appear in Court and protect the Debtors' interests before the Court; k. at the request of the Debtors, appear in Court and at any meeting with the U.S. Trustee and any meeting of creditors at any given time on behalf of the Debtors as their bankruptcy counsel; and l. provide other legal advice and services, as requested by the Debtors, from time to time. The firm will be paid at these rates: Partners $550 to $1,450 per hour Counsels $625 to $1,300 per hour Associates $475 to $880 per hour Paraprofessionals $370 to $620 per hour On February 5, 2026, the firm received from, or on behalf of, the Round 1 Debtors a retainer in the amount of $150,000 for its prepetition and postpetition services rendered and expenses incurred on behalf of the Round 1 Debtors (the "First Retainer"). On February 26 and 28, 2026, the firm received from, or on behalf of, the Round 1 Debtors additional retainers in the amount of $10,000 and $12,000, respectively (the "Second Retainer" and, collectively with the First Retainer, the "Round 1 Debtors' Retainer"). The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following is provided in response to the request for additional information set forth in Paragraph D.1 of the Fee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments or discounts offered during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: The firm was retained in January 2026 and its standard rates have remained unchanged from that time through the Petition Date. Mr. Wolfshohl disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joshua W. Wolfshohl, Esq. Porter Hedges LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 About Lurin Real Estate Holdings XXI, LLC Lurin Real Estate Holdings XXI LLC is a real estate investment and development company focused on commercial and residential property holdings across multiple U.S. markets. Lurin Real Estate Holdings XXI LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-90344) on March 02, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $50 million to $100 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Joshua W. Wolfshohl, Esq. of Porter Hedges LLP. M. DELANEY: Case Summary & Six Unsecured Creditors -------------------------------------------------- Debtor: M. Delaney LLC 530 Harford Road Baltimore, MD 21214 Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-13770 Debtor's Counsel: Robert B. Scarlett, Esq. SCARLETT & CROLL, P.A. 306 W. Chesapeake Ave. Towson, MD 21204 Tel: 410-468-3100 Fax: 410-332-4026 E-mail: rscarlett@scarlettcroll.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Malcolm Delaney as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UO6LJ6A/M_Delaney_LLC__mdbke-26-13770__0001.0.pdf?mcid=tGE4TAMA MARE ISLAND: Hires Silicon Valley Accountancy as Accountant ----------------------------------------------------------- Mare Island Dry Dock, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to employ Silicon Valley Accountancy Corporation as accountant. The firm will audit the Debtor's non-union 401(k) plan for tax year 2025. The firm will be paid at these fees: a. For the audit, a flat fee of $23,166, after a discount of $2,050 (10% of base fee), including: (i) $20,500 for the audit; (ii) $3,000 to prepare required disclosures; and (iii) $1,716 (8%) for costs, including facility charges, telephones, and information technology; b. To the extent additional work is necessary to complete the engagement, such work will be billed at the following hourly rates: Partners $650 per hour Managers $325 per hour Staff Accountants $175 per hour The Debtor paid the firm a retainer of $23,116 on December 29, 2026, prior to the Petition Date. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Pinto disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George Pinto Silicon Valley Accountancy Corporation 3150 Almaden Expressway, Suite 105 San Jose, CA 95118 Tel: (408) 448-8000 Email: george@cpas-svac.com About Mare Island Dry Dock, LLC Mare Island Dry Dock, LLC operates as a maritime services company providing ship repair, maintenance, and dry dock services. The company supports commercial and industrial marine vessels through repair, refurbishment, and related waterfront operations. Mare Island Dry Dock, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20777) on February 14, 2026. In its petition, the Debtor disclosed up to $50 million in both assets and liabilities. The Honorable Bankruptcy Judge Christopher D. Jaime handles the case. Julie H. Rome-Banks, Esq., at Binder Malter Harris & Rome-Banks LLP serves as the Debtor's counsel. On March 17, 2026, the Office of the United States Trustee appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Keller Benvenutti Kim LLP as counsel. MAYFLOWER CHOICE: Hires Okeh & Associates PC CPAs as Accountant --------------------------------------------------------------- Mayflower Choice Care, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire Okeh & Associates PC, CPAs as accountant. The firm will render these services: (a) assist the Debtor with all bankruptcy compliance requirements; (b) assist the Debtor with the preparation of a business plan; (c) assist with the preparation of any financial information, financial forms, including monthly operating reports, and tax returns on an as needed basis; (d) assist with the preparation, analysis, and revision(s)(as needed) of Debtor's plan of reorganization and disclosure statement, if applicable; (e) assist and consult with debtor on an as needed basis in connection with Debtor's business matters; (f) assist in the preparation of review of the Debtor's liquidation analysis; (g) provide expert testimony as required; (h) consult with accountants and other financial consultants for committees and/or other creditor groups, if any; (i) assist with the review and investigation of all tax claims; and (j) assist with such other matters as management to Debtor may require. The firm will be paid at an hourly rate of $200 for the monthly operating report and other accounting services. Ofobuike Okeh, a certified public accountant at Okeh & Associates, disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. Mr. Okeh can be reached at: Ofobuike N. Okeh, CPA Okeh & Associates, P.C. 9208 Annapolis Rd. Lanham, MD 20706 Tel: (301) 918-0555 (202) 291-3322 Fax: (301) 918-0577 (202) 618-4475 Email: info@okehcpa.com About Mayflower Choice Care, Inc. Mayflower Choice Care, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-12805) on March 17, 2026. At the time of the filing, Debtor had estimated assets of between $0 and $50,000 and liabilities of between $500,001 and $1 million. Gilman & Edwards, LLC is Debtor's legal counsel. MED-RIDE INC: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Med-Ride, Inc. 334 Cowan Road Dickson, TN 37055 Business Description: Med-Ride, Inc., based in Dickson, Tennessee, provides non-emergency medical transportation services, operating a mixed fleet of SUVs, minivans and passenger vans that includes 2022 to 2024 model-year Ford, GMC, Nissan, Hyundai, Kia, Honda, Chrysler and Toyota vehicles. The company supports patient transport needs for medical appointments and related healthcare travel, with fleet assets structured through a combination of owned, financed and leased vehicles. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-01653 Judge: Hon. Nancy B King Debtor's Counsel: Henry E. ("Ned") Hildebrand, IV, Esq., DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Tel: 615-933-5851 Fax: 629-777-3765 Email: ned@dhnashville.com Total Assets: $560,187 Total Liabilities: $3,052,745 The petition was signed by Joseph Musoke 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/PFMONAQ/Med-Ride_Inc__tnmbke-26-01653__0001.0.pdf?mcid=tGE4TAMA MEJJM INC: Andrew Kight Named Subchapter V Trustee -------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Andrew Kight of Allman Kight Hester LLC as Subchapter V trustee for MEJJM Inc. Mr. Kight 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. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About MEJJM Inc. MEJJM, Inc. employs six people and subcontracts with two others to run a business that designs, imports and sells stationery, greeting cards and holiday cards into the retail space via its wholesale business. MEJJM sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 23-03538) on Aug. 14, 2023, with $1,502,094 in assets and $2,887,831 in liabilities. Michael Smith, president of MEJJM, signed the petition. Judge Jeffrey J. Graham oversees the case. KC Cohen, Esq., at KC Cohen, Lawyer, PC, is the Debtor's bankruptcy counsel. MIDWEST CHRISTIAN: Seeks to Sell Assisted Living Assets at Auction ------------------------------------------------------------------ Midwest Christian Villages Inc. and affiliates, seek permission from the U.S. Bankruptcy Court for the Eastern District of Missouri, Eastern Division, to sell substantially all Assets at Auction, free and clear of liens, claims, interests, and encumbrances. The Debtors operate a mix of independent, assisted living, and skilled nursing campuses in 11 locations across the Midwest, serving over 1,200 residents. The Debtors filed Chapter 11 cases to pursue one or more going concern sales and/or affiliations for each of their facilities. Prior to filing the instant bankruptcy cases, the Debtors engaged Healthcare Management Partners as strategic advisors in assessing its business and strategic alternatives for continued operations and/or sales of a portion or all of its assets. The Debtors engaged B.C. Ziegler and Company as investment bankers to assist the Debtors with locating potential buyers for some or all of their facilities. The Debtors propose Bidding Procedures and timeline to conduct a full and fair bidding process for the purpose of maximizing the consideration to be received by the Debtor's estates for the Assets. https://urlcurt.com/u?l=mNN3QH The Debtors believe that the foregoing timeline maximizes the prospect of receiving the highest and best offer while taking into consideration the Debtors' liquidity constraints. The Bidding Procedures provide that only Qualified Bidders may participate in the Auction. For potential Stalking Horse Bidders, the due diligence period will end on the Stalking Horse Bid Deadline of September 19, 2024. For all other bidders, the due diligence period will end on the Overbid Deadline of November 7, 2024 at 4:00 p.m. (prevailing Central Time). Within one day of receipt, the Debtors will provide copies of any such bids received to counsel to each of the Consultation Parties. If the Debtors receive more than one Qualified Bid, the Debtors will conduct an Auction at Dentons US LLP, 101 S. Hanley, Suite 600, St. Louis, MO 63105 on November 12, 2024, at 10:00 a.m. prevailing Central time in accordance with the Bidding Procedures. As part of this Motion, the Debtors ask this Court to schedule a sale hearing on November 14, 2024, at 9:00 a.m. prevailing Central Time. The Debtors will present the results of the Auction to the Court at the Sale Hearing, at which time certain findings will be sought from the Court regarding the Auction. The Debtors propose that any objections to the Sale (other than an Assumption Objection which shall be governed by the procedures), must be filed with the Court on or before the Sale Objection Deadline. As part of the Sale, the Debtors also seek to assume and assign certain of their executory contracts and unexpired leases. About Midwest Christian Villages Midwest Christian Villages Inc. operates a mix of independent, assisted and skilled nursing campuses in 10 locations across the Midwest, serving over 1,000 residents. Midwest Christian Villages and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 24-42473) on July 16, 2024, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petitions were signed by Kate Bertram, chief operating officer. Judge Kathy Surratt-States oversees the cases. The Debtors tapped Stephen O'Brien, Esq., at Dentons US, LLP and Summers Compton Wells, LLC as bankruptcy counsels; B.C. Ziegler and Company as investment banker; and Plante Moran as auditor and tax consultant. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims and noticing agent. The U.S. Trustee for Region 13 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Cullen and Dykman, LLP as general counsel; Sandberg Phoenix & von Gontard P.C. and Schmidt Basch, LLC as local counsel; and Province, LLC as financial advisor. MII AVIATION: Committee Hires Faegre Drinker as Co-Counsel ---------------------------------------------------------- The official committee of unsecured creditors of MII Aviation Services LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Faegre Drinker Biddle & Reath LLP as co-counsel. The firm's services include: a. provide legal advice regarding local rules, practices, and procedures and substantive and strategic advice on how to accomplish Committee goals, bearing in mind that the Court relies on Delaware counsel such as Faegre Drinker to be involved in all aspects of each bankruptcy proceeding; b. assist McGuireWoods LLP as needed in advising the Committee in its negotiations with the Debtors relative to the administration of the Chapter 11 Cases, including with respect to asset dispositions, financing of other transactions, and the terms of any plan of reorganization or liquidation for the Debtors and accompanying disclosure statement and related plan documents; c. assist McGuireWoods as needed in the Committee's investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors, their respective insiders, and their non-debtor affiliates, and the assertion of claims in respect of the operation of the Debtors' businesses; d. assist McGuireWoods as needed with review and analysis of applications, motions, orders, statements of operations, and schedules filed with the Court by the Debtors or third parties, advising the Committee as to their propriety and taking appropriate action after consultation with the Committee; e. draft and review drafts of necessary applications, motions, answers, orders, reports, and other legal papers on behalf of the Committee, including to ensure compliance with local rules, practices, and procedures; f. monitor the docket for filings and coordinate with McGuireWoods on pending matters on which responses may be required; g. appear in Court and any meetings of creditors on behalf of the Committee in its capacity as Delaware counsel with McGuireWoods; and h. coordinate with McGuireWoods to perform such other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm will be paid at these rates: Partners $1,170 to $1,675 per hour Associates and Counsel $630 to $1,105 per hour Paraprofessionals $445 to $580 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Fallon disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Brett D. Fallon, Esq. Faegre Drinker Biddle & Reath LLP 222 Delaware Avenue, Suite 1410 Wilmington, DE 19801 Tel: (302) 467-4200 Fax: (302) 467-4201 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. MNH ENTERPRISE: Court Extends Cash Collateral Access to Aug. 4 -------------------------------------------------------------- MNH Enterprise, Inc. received another extension from the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, to use cash collateral to fund operations. The court authorized the Debtor to use the cash collateral of secured creditors through August 4 in accordance with its budget. This authorization specifically excludes the "Business Development and Marketing" expense line item in the amount of $4,500 per month. The Debtor's secured creditors asserting a lien on the cash collateral are the U.S. Small Business Administration, U.S. Metro Bank, Northpoint Commercial Finance, LLC, RREEF CPIF 6110 Valley View, LLC, Itria Ventures, LLC, Rapid Finance, LLC, Bizfund, LLC, Channel Partners Capital, LLC and Seamless Capital Group, LLC. The SBA, a senior secured creditor, holds a secured claim of approximately $1.7 million, supported by a first-priority lien on substantially all of the Debtor's assets, including accounts and inventory. As of February 12, the Debtor's cash assets consisted of $35,344.45 held in pre-bankruptcy bank accounts. Meanwhile, the Debtor had $39,443.02 in accounts receivable as of the petition date. About MNH Enterprise Inc. MNH Enterprise, Inc., doing business as Yes Appliance, is a wholesale and distribution company headquartered in Buena Park, California. MNH Enterprise, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10408) on February 10, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities ranging from $1 million to $10 million. Judge Mark D. Houle oversees the case. The Debtor is represented by Andrew S. Cho, Esq., of Andrew S Cho, A Law Corp. NARU LLC: Gets Final OK to Use Cash Collateral ---------------------------------------------- The U.S. Bankruptcy Court for the District of Nevada entered a final order authorizing Naru, LLC to use cash collateral to fund operations. Under the final order, the Debtor is permitted to use cash collateral in the ordinary course of business and strictly in accordance with an approved budget, allowing up to a 10% monthly variance. However, the Debtor is restricted from granting any new liens or security interests that would be equal to or senior to existing prepetition secured claims. Newtek Bank, the secured lender, will be granted adequate protection through monthly payments of $4,667; replacement liens on post-petition assets; and a superpriority administrative claim but only to the extent of any decline in the value of its collateral caused by the Debtor's use of cash collateral. The order does not determine the validity or priority of pre-petition liens, and the Debtor may still challenge them later. The court also allows Newtek Bank to seek further protection if conditions worsen and retains jurisdiction to enforce the order, which is effective immediately upon entry. The order is available at https://is.gd/XvYMnB from PacerMonitor.com. About Naru LLC Naru LLC, doing business as Pier 215, is a Nevada-based limited liability company. Naru LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-10815-mkn) on February 9, 2026. In the petition signed by Krissy Jung, manager, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Mike K. Nakagawa oversees the case. Matthew C. Zirzow, Esq., at Laron & Zirzow, LLC, represents the Debtor as legal counsel. NB ELEMENT: Deadline for Panel Questionnaires Set for April 16 -------------------------------------------------------------- The United States Trustee is soliciting members for committee of unsecured creditors in the bankruptcy case of NB Element, DTS. If a party wishes to be considered for membership on any official committee that is appointed, it must complete a questionnaire available at https://tinyurl.com/3twrt796 and return by email it to Jane M. Leamy -- jane.m.leamy@usdoj.gov –- at the Office of the United States Trustee so that it is received no later than 4:00 p.m, on Thursday, April 16, 2026. If the U.S. Trustee receives sufficient creditor interest in the solicitation, it may schedule a meeting or telephone conference for the purpose of forming a committee. About NB Element, DTS NB Element, DTS is a business entity that may operate in the industrial, materials, or specialty manufacturing sector, potentially focusing on advanced components or engineered products. NB Element sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10502) on April 7, 2026. In its petition, the Debtor reported estimated assets of $50 million to $100 million and estimated liabilities of $50 million to $$100 million. The Debtor is represented by Jamie Lynne Edmonson, Esq. of Robinson & Cole LLP. NURIEL & GRACE: Unsecureds to Get 5 Cents on Dollar in Plan ----------------------------------------------------------- Nuriel & Grace, Inc. filed with the U.S. Bankruptcy Court for the Northern District of California a Plan of Reorganization for Small Business under Subchapter V dated March 31, 2026. The Debtor is a corporation. Since 2021 the Debtor has been in the business of operating a residential care home. The Debtor's financial projections show that the Debtor will have projected disposable income of $148,664.40. The final Plan payment is expected to be paid on April 2031, which is anticipated to be 60 months after the effective date. This Plan of Reorganization proposes to pay creditors of the Debtor from cash flow from operations. Non-priority non-insider unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 5 cents on the dollar [or] is unable to estimate the distribution to creditors, consistent with the liquidation analysis in Exhibit A and projected disposable income in Exhibit B. This Plan also provides for the payment of administrative and priority claims. Class 4 consists of Non-priority unsecured claims. The general unsecured creditors (other than insider claims) shall be paid a pot of $20,000 distributed pro-rata as to allowed claims. This pot shall be paid in payments of $370.37/mo. distributed pro-rata commencing on the 1st day of the 13th months after the Effective Date and continuing on the first day of each successive month for 54 months. There are only two known non-insider general unsecured creditors as follows: Schueler $463,154.14 PG&E $9,800.00 Therefore, Schueler will receive $463,154.14/(463,154.44 + 9,800) = 97.9% of the "pot" and PG&E 2.1% of the "pot". Class 5 consists of Non-priority unsecured claims. Gladys Martinez, the holder of the Class 6 claim, shall not receive any distribution under the plan. Class 6 consists of Equity security holders of the Debtor. The equity security holders shall retain their equity interest without change. The plan will be funded from the continued operations as a residential care facility. The facility has a capacity for six beds. Five beds are currently occupied. Debtor is actively searching for a sixth occupant. An additional occupant will increase revenue by about $5,000-$6,000 per month. If the occupant is sourced from a referral agency, however, Debtor will incur a commission of 30%-60% of the first month's rent. Gladys Martinez and Madonna Martinez will continue to serve as directors and officers of the Reorganized Debtor. A full-text copy of the Plan of Reorganization dated March 31, 2026 is available at https://urlcurt.com/u?l=9x0ndJ from PacerMonitor.com at no charge. The firm can be reached through: Lars T. Fuller, Esq. Fuller Law Firm, PC 60 N. Keeble Ave. San Jose, Ca 95125 Telephone: (408) 295-5595 About Nuriel & Grace Inc. Nuriel & Grace, Inc. operates a residential care facility in Napa, California, providing assisted living and daily care services for elderly residents. Nuriel & Grace sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-10063) on January 31, 2026, with $912,023 in assets and $1,418,391 in liabilities. Gladys Martinez, chief executive officer, signed the petition. Judge Charles Novack oversees the case. Lars Fuller, Esq., at The Fuller Law Firm, PC represents the Debtor as counsel. O-X HOLDINGS: Secured Party Sets April 17, 2026 Auction ------------------------------------------------------- East West Bank, a California banking corporation (the "Secured Party") will sell certain property, via auction conducted by Christopher Meyer, Burr & Forman LLP, to the highest qualified bidder in public as follows: Sale Date: April 17, 2026 . Time: 4:00 p.m. Central Time Place: 190 East Capitol Street, Suite M-100, Jackson, MS 39201 Pursuant to California Commercial Code Secs. 9610 et seq. you are hereby given notice of the disposition of the Collateral. This Notification of Public Disposition of Collateral refers to the following: (i) Uniform Commercial Code Financing Statement by O-X Holdings, LLC filed on March 3, 2023, at File No. 2023 1635886 with the Delaware Secretary of State ("O-X UCC Financing Statement"); (ii) Uniform Commercial Code Financing Statement by Oleo-X LLC in favor of Secured Party, filed on March 3, 2023, at File No. 20234068908A with the Mississippi Secretary of State ("Oleo UCC Financing Statement"); (iii) Uniform Commercial Code Financing Statement by ChemFirst, LLC filed on March 3, 2023, at File No. 20234068907A with the Mississippi Secretary of State ("Chem UCC Financing Statement"); and (iv) Uniform Commercial Code Financing Statement by First Chemical, LLC filed on March 3, 2023, at File No. 20234068906A ("First UCC Financing Statement"). Grantor is entitled to an accounting of the unpaid indebtedness secured by the Collateral that Secured Party intends to sell for a commercially reasonable charge that is customary in the industry. Grantor may request an accounting by contacting counsel for Secured Party, Christopher Meyer, Bryce A. Suzuki and/or Molly J. Kjartanson ("Counsel") via e-mail at cmeyer@burr.com, bsuzuki@swlaw.com and mkjartanson@swlaw.com, respectively. For a full copy of the notice, please e-mail bsuzuki@swlaw.com or mkjartanson@swlaw.com. CONDITIONS OF SALE. There is no warranty relating to title, possession, quiet enjoyment or the like in this disposition. The Collateral will be sold AS-IS, and WHERE IS, with all faults, WITHOUT RECOURSE AND WITHOUT REPRESENTATIONS OR WARRANTIES, EITHER EXPRESS OR IMPLIED, including without limited any warranty of: (i) merchantability, (ii) fitness of a particular purpose, (iii), (iv) value, or (v) future profitability. Any statement of description, is for identification only and is not a warranty or representation. The terms of the sale are as follows: 1. Credit Bid. The Secured Party shall make the first credit at the public sale, and such bid may include up to principal, interest, default interest, late charges, fees and cost as of January 14, 2026, in the amount of no less than $20,065,936.46. Unless and until the Secured Party is the successful bidder, all interest, default interest, fees and costs shall continue to accrue until the such amount, including all principal, interest, default interest, late charges, fees and costs are fully paid under any circumstances. 2. Bidding Procedure. In order to qualify to bid at the public sale, all bidders must first pre-qualify through completion of a fully executed Bidder's Questionnaire and Agreement ("Bidder Agreement") provided by Counsel upon request. The Bidder Agreement and any other information required from bidders must be submitted to Counsel no later than April 14, 2026, at 1:00 p.m. Central Time. In addition, a deposit of $250,000.00 in cash or wire transfer made payable to Secured Party ("Deposit") and held in escrow by Secured Party or its nominee, must be received no later than two (2) business days prior to the Sale Date in order to participate. Further information about such requirements is available from Counsel or Secured Party in advance of the public sale. 3. Payment of Purchase Price. The successful bidder shall have until 1:00 p.m. Central Time, no later than three (3) calendar days following the Sale Date, to the entire purchase price, less the amount of the Deposit, in a form acceptable to Secured Party. If the successful bidder does not complete the payment of the purchase price in full by such time, then Secured Party shall have the right to retain such bidder's Deposit. 4. Sale Procedures. Secured Party and Counsel shall each have the right to administer the public sale in such commercially reasonable manner as Secured Party or Counsel determine. All bids submitted at the sale must be submitted in person and shall be considered final. Any successful bidder at the public sale may be required to pay taxes, including but not limited to Mississippi sales tax. 5. Rights of Secured Party. Secured Party, through Counsel or on its own behalf, shall have the right to enter one or more bids at the public sale. Secured Party reserves its rights, on or prior to the Sale Date (a) to withdraw all or a portion of the Collateral from the sale for any reason whatsoever, (b) to postpone, modify, waive or amend any terms or conditions of the sale or to impose any other terms or conditions on the sale, (c) if Secured Party deems appropriate, to reject any or all bids, and (d) to cancel the sale, all in Secured Party's sole and absolute discretion. Additional or amended terms and conditions of the sale may be announced on the Sale Date or any continued Sale Date. 6. Reservation Regarding Possession. Secured Party has demanded that Grantor make the the Collateral available pursuant to California Commercial Code Sec. 9609(c). To the extent Secured Party does not obtain possession or control of any portion of the Collateral prior to the scheduled sale date, such portion may not be included in the sale. 7. Postponements. Secured Party and Counsel may, for any cause deemed in the interest of Secured Party, postpone or continue the sale from time to time, or change the place of the sale to any other location identified by Secured Party or Counsel by giving commercially reasonable notice of the new date, time, and place, which may include public declaration at the time and place last appointed for the sale. Secured Party and Counsel may also cancel the sale at the time and place last appointed for the sale. No other notice of the postponed, continued, relocated, or canceled sale is required. 8. Bill of Sale. Upon completion of the sale and payment of the full purchase price, Secured Party or Counsel shall have deliver a bill of sale or transfer documents to the successful purchaser, which bill of sale or transfer documents shall operate to convey to the purchaser of the title, interest and claim of Secured Party. The bill of sale or transfer documents shall raise the presumption of compliance with all legal requirements relating to the sale of the Collateral, and the bill of sale or transfer document shall constitute conclusive evidence of the meeting of such requirements in favor of the buyer. 9. Reservation of Rights. Nothing contained herein shall be deemed a waiver of, or election among, any rights, remedies, or defenses of Secured Party under the Pledge and Security Agreement, the UCC Financing Statement, the Mississippi Code, California Commercial Code, or applicable law, all of which are expressly reserved. OAKTREE OCALA: 45-Day Extension for Plan Filing Granted ------------------------------------------------------- Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York extended Oaktree Ocala JV, LLC and ASAP Highline Ocala, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof for additional 45 days. As shared by Troubled Company Reporter, the Debtors timely filed their Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code and Disclosure Statement for Debtors' Chapter 11 Plan. The Debtors request an extension of the Exclusivity Periods to continue working toward their goal of confirming the Plan. CPIF MRA, LLC has consented to such extension. As the Debtors continue to seek confirmation of the Plan, the companies seek a further extension of the Exclusivity Periods so the current Plan, as may be amended, can be confirmed. In the six months that Debtors have been in chapter 11, the companies continue to comply with all the requirements under the Bankruptcy Code, Bankruptcy Rules, and the U.S. Trustee Guidelines. Schedules and Statement of Financial Affairs were timely filed, and an order setting a claims bar date was entered. Debtors continue to use cash collateral with CPIF's consent, Debtors' bills are paid when due, and monthly operating reports are timely filed. Moreover, the Debtors are not seeking to extend the Exclusivity Periods to pressure creditors to submit to their demands. On the contrary, Debtors are seeking the extension to address and resolve open issues with parties consensually. 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 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 Debtor is represented by Kenneth M. Lewis, Esq., at Paul M. Nussbau, Esq. OAKTREE OCALA: Gets OK to Use Cash Collateral Until May 31 ---------------------------------------------------------- Oaktree Ocala JV, LLC and ASAP Highline Ocala, LLC received another extension from the U.S. Bankruptcy Court for the Southern District of New York to use cash collateral to fund operations. The court's seventh interim order authorized the Debtors to continue using cash collateral through May 31 in accordance with the revised budget and subject to agreement with CPIF MRA, LLC or further court order. The 13-week budget projects total operational expenses of $426,137. The seventh interim order also extended the deadline for CPIF to file a supplement to its objection to May 12. Both parties reserve their rights regarding how payments under the budget are applied. The final hearing is scheduled for May 19. ASAP originally obtained an $18 million loan from CPIF in 2022 to acquire and improve its Ocala property but alleges that CPIF failed to fund the full amount, disbursing only about $12.3 million. This shortfall, along with CPIF's failure to fund tax escrows and future loan advances, prevented ASAP from completing planned renovations and refinancing the loan before its 2024 maturity. CPIF initiated a foreclosure action in late 2024 and attempted to acquire ASAP through a UCC sale, prompting ASAP to file for Chapter 11 to protect its assets and seek judicial resolution of disputes with CPIF. 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 Debtor is represented by Kenneth M. Lewis, Esq., at Paul M. Nussbau, Esq. OFFICE PROPERTIES: Interest Holder Seeks Appointment of Examiner ---------------------------------------------------------------- Jesse Manthei, a holder of equity interests, sought the appointment of an independent examiner in the Chapter 11 cases of the Office Properties Income Trust and affiliates. In his motion, the equity interest holder asked the U.S. Bankruptcy Court for the Southern District of Texas to appoint an examiner who will investigate the companies' material discrepancies and unresolved questions. Mr. Manthei argued that the proposed Chapter 11 Plan rests on valuation assumptions that are materially contested, internally inconsistent, and outcome-determinative as to whether equity interests are extinguished. Under these circumstances and given the absence of any independent fiduciary currently investigating valuation, appointment of an examiner is both mandatory under Section 1104(c)(2) of the Bankruptcy Code and, alternatively, appropriate under Section 1104(c)(1) of the Bankruptcy Code. The equity interest holder further argued that all elements under Section 1104(c)(2) regarding the appointment of an examiner are satisfied: * The Debtors' unsecured obligations far exceed $5 million. * Mr. Manthei is a party in interest. * The request is reasonable because valuation is contested, complex, and determinative of plan treatment. The motion is available at https://is.gd/yqlCmr from PacerMonitor.com. About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has $3,501,385,950 in total assets and $2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. OLIVER ARMS: Court OKs East Point Sale to Highest Bidder -------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, has granted Oliver Arms Apartments LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor owns an apartment complex located at 3030 Washington Road, East Point, Georgia. The Court has authorized the Debtor to sell the Property under the Asset Purchase Agreement (APA) with Wallace Capital Group LLC. The terms and conditions of the APA are approved and the Debtor may sell the Property free and clear of all liens, claims, interest and encumbrances. Upon closing of the Sale, all liens, claims, and encumbrances on the Properties shall attach to the proceeds of the Sale to the same extent, validity, and priority as they existed on the Petition Date. Churchill MRA Funding I LLC (Lender) shall have the right to credit bid all or any portion of its Allowed Secured Claim. Lender's credit bid, however, must exceed the Purchase Price under the Purchase Agreement. Lender may submit an "Initial Credit Bid" by not later than 5:00 p.m. local time in Atlanta, Georgia on Friday, April 24, 2026. The Initial Credit Bid must be in an amount at least $20,000 greater than the Purchase Price in the APA. The Initial Credit Bid must be submitted by email to counsel to the Debtor, Elizabeth Childers at Rountree Leitman Klien & Geer, LLC: echilders@rlkglaw.com, and counsel for the United States Trustee, Adriano Iqbal: adriano.o.iqbal@usdoj.gov in each case so as to be received not later than the Credit Bid Deadline. If Lender does not submit an Initial Credit Bid by the Credit Bid Deadline, Debtor may proceed with the Sale evidenced by the Purchase Agreement with Wallace Capital Group LLC. If Lender submits an Initial Credit Bid by the Credit Bid Deadline, Debtor shall conduct an auction via Zoom or other videoconferencing service at 10:00 a.m. on Monday, April 27, 2026. Only the Debtor, Lender and Wallace Capital Group LLC and their respective attorneys and representatives shall be permitted to attend the Auctions. At the Auction, all overbids must be at least $20,000 greater than the previous bid. The Debtor shall determine which bid will result in the highest net proceeds to the Debtor's estate and shall announce the Winning Bid at the conclusion of the Auction. The party that submitted the Winning Bid shall be the winning bidder. The bid that is not selected as the Winning Bid shall be announced as the Backup Bid. The party that submitted the Backup Bid shall be the Backup Bidder. Closing shall occur before 5:00 p.m. on May 1, 2026. If Wallace is the Winning Bidder, funds in the amount of the Winning Bid must be received by Debtor or the closing agent by the Closing Deadline. If Lender is the Winning Bidder, the Sale shall be deemed to have closed on the Closing Deadline. If the sale to the Winning Bidder does not close by the Closing Deadline, the sale to the Backup Bidder shall close before 5:00 p.m. on May 4, 2026. If Wallace is the Backup Bidder, funds in the amounts of the Backup Bid must be received by the Debtor or the closing agent by the Backup Closing Deadline. On or before 5:00 p.m. on May 4, 2026, the Debtor shall file a notice informing the Bankruptcy Court of the result of the Auction and closing of the Sale. If Lender is the purchaser following the Auction, Lender shall be deemed to be a good-faith purchaser. If Wallace is the purchaser following the Auction, contemporaneous with closing of the Sale the Debtor is authorized to take all actions necessary to close the Sale and to comply with the Purchase Agreement and the closing agent is authorized to pay all closing-related expenses, including but not limited to, outstanding property taxes, utilities, or other associated itemized closing expenses, including payment of all proceeds to Lender contemporaneous with Closing. About Oliver Arms Apartments Oliver Arms Apartments, LLC filed Chapter 11 petition (Bankr. N.D. Ga. Case No. 25-64023) on December 1, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Sage M. Sigler oversees the case. The Debtor is represented by William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, in Atlanta, Georgia. PAI INVESTMENT: Commences Chapter 11 Bankruptcy in California ------------------------------------------------------------- On April 9, 2026, Pai Investment LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Pai Investment LLC Pai Investment LLC is a limited liability company engaged in investment and asset management activities. Pai Investment LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21991) on April 09, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher D. Jaime handles the case. PARAMOUNT ROOFING: Hires Burgmaier & Associates as Accountant ------------------------------------------------------------- Paramount Roofing, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Mexico to employ Burgmaier & Associates, Inc. as accountant. The firm's services include: (a) maintaining monthly accounting records and recording financial transactions; (b) performing bank reconciliations and preparing financial statements; (c) assisting with payroll systems, compliance, and reporting; (d) preparing governmental filings, including CRS reports, 1099s, and related reports; (e) providing tax planning and projections; and (f) assisting with budgeting, forecasting, and financial monitoring. The firm will be paid a monthly flat fee of $1,614.38, including Gross Receipts Tax, for the above-referenced services. Mr. Burgmaier disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Eric Burgmaier Burgmaier & Associates, Inc. 4425 Juan Tabo Blvd NE Suite 250 Albuquerque, NM 87111 Tel: (505) 299-8383 Fax: (505) 299-8877 About Paramount Roofing, LLC Paramount Roofing LLC, A New Mexico LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.N.M. Case No. 26-10274) on March 2, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Robert H. Jacobvitz presides over the case. Joseph Yar, Esq. at Velarde & Yar represents the Debtor as legal counsel. PIC ESTATE: Seeks to Hire Spector & Cox PLLC as Counsel ------------------------------------------------------- PIC Estate LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Spector & Cox, PLLC as counsel. Spector & Cox, PLLC will provide these services: (a) providing legal advice with respect to its powers and duties as Debtors-in-possession; (b) preparing and pursuing confirmation of a plan and approval of a disclosure statement; (c) preparing on behalf of the Debtor necessary applications, motions, answers, orders, reports and other legal papers; (d) appearing in Court and protecting the interests of the Debtor before the Court; and (e) performing all other legal services for the Debtor which may be necessary and proper in these proceedings. The firm will receive a retainer in the amount of $51,738. The firm will be paid at these rates: Howard Marc Spector $460 per hour Sarah Cox $425 per hour Paralegals $150 per hour Spector & Cox, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent any interest adverse to the Debtor's estate, according to court filings. The firm can be reached at: Howard Marc Spector, Esq. Spector & Cox, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (214) 310-1321 Facsimile: (214) 237-3380 E-mail: hspector@spectorcox.com About PIC Estate LLC PIC Estate LLC owns and manages multiple parcels of land ranging from approximately 6 to 126 acres, primarily located along County Road 490 and US 380 near Princeton and Lavon Lake, Texas, and holds these properties as its principal real estate assets. PIC Estate LLC in Dallas TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D. Tex. Case No. 26-40725) on March 2, 2026, listing as much as $10 million to $50 million in both assets and liabilities. Md Tauhid Choudhury as managing member, signed the petition. SPECTOR & COX, PLLC serve as the Debtor's legal counsel. PORTLAND HUNT: Jeffrey Piampiano Named Subchapter V Trustee ----------------------------------------------------------- William Harrington, the U.S. Trustee for Region 2, appointed Jeffrey Piampiano, Esq. as Subchapter V trustee for Portland Hunt & Alpine Club LLC. Mr. Piampiano will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Margaret Dwinal, paraprofessional, charge $160 per hour. Mr. Piampiano declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached: Jeffrey T. Piampiano, Esq. Drummond Woodsum 84 Marginal Way Suite 600 Portland, ME 04101-2480 (207) 772-1941 About Portland Hunt & Alpine Club LLC Portland Hunt & Alpine Club LLC is a Maine-based hospitality company operating a cocktail bar and restaurant known for craft beverages and curated dining experiences in Portland. Portland Hunt & Alpine Club LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Maine Case No. 26-20076) on March 30, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Michael A. Fagone handles the case. The Debtor is represented by Tanya Sambatakos, Esq. of Molleur Law Office. PRECISION INDUSTRIES: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- Precision Industries Acquisition, Inc. received final approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to use cash collateral. The court issued a final order approving the Debtor's use of $61,276 in cash collateral from Feb. 27 through March 27, and an additional $243,256 through May 29. The Debtor's primary secured creditor is Comerica Bank, which is owed $1,299,840. As protection, Comerica will be granted replacement liens on the Debtor's post-petition assets in case the value of its pre-petition collateral declines. These liens extend broadly to assets such as accounts, receivables, inventory, equipment, and proceeds, but exclude Chapter 5 avoidance actions and related recoveries. The Debtor is required to pay post-petition taxes, file monthly operating reports, and protect the lender's collateral. The order also affirms the validity and enforceability of the lender's pre-petition liens while allowing parties in interest to challenge them. The Debtor's authority to use cash collateral ends upon cessation of its business, breach of the final order, dismissal or conversion of its Chapter 11 case, or appointment of a trustee. The final order is available at https://is.gd/3AYG7k from PacerMonitor.com. About Precision Industries Acquisitions Inc. Precision Industries Acquisitions is a privately held precision manufacturing company based in Flint, Michigan, that designs and produces custom plastic injection and structural foam molds as well as molded plastic parts for prototype and production applications and offers CNC machining and engineering support services. Its operations include mold building and repair, CAD/CAM design, machining, and product development tailored to meet specifications for clients across sectors such as automotive, aerospace, and electronics. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-30480) on Feb. 27, 2026, with $783,779 in assets and $1,941,447 in liabilities. Richardo Kilpatrick, Esq., at Kilpatrick & Associates, P.C. serves as Subchapter V trustee. Judge Joel D. Applebaum presides over the case. George E. Jacobs, Esq., at Bankruptcy Law Offices represents the Debtor as bankruptcy counsel. PRECISION INDUSTRIES: Hires George E. Jacobs as Legal Counsel ------------------------------------------------------------- Precision Industries Acquisition, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Michigan to employ George E. Jacobs, Esq. of Bankruptcy Law Offices as counsel. The attorney will provide these services: a. give the Debtor legal advice with respect to its rights and duties in connection with this Chapter 11 proceeding; and b. perform all other legal services which may be necessary. George E. Jacobs, Esq. will be paid at $350 per hour. The firm was paid a retainer in the amount of $17,500 and will also be reimbursed for reasonable out-of-pocket expenses incurred. George E. Jacobs, Esq., a partner at Bankruptcy Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George E. Jacobs, Esq. Bankruptcy Law Offices 2425 S. Linden Rd., Ste. C Flint, MI 48532 Tel: (810) 720-4333 Email: George@bklawoffice.com About Precision Industries Acquisition, Inc. Precision Industries Acquisitions is a privately held precision manufacturing company based in Flint, Michigan, that designs and produces custom plastic injection and structural foam molds as well as molded plastic parts for prototype and production applications, and offers CNC machining and engineering support services. The company's operations include mold building and repair, CAD/CAM design, machining, and product development tailored to meet specifications for clients across sectors such as automotive, aerospace, and electronics. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-30480) on Feb. 27, 2026, with $783,779 in assets and $1,941,447 in liabilities. Miguel Atkinson, president, signed the petition. Judge Joel D. Applebaum presides over the case. George E. Jacobs, Esq. at BANKRUPTCY LAW OFFICES represents the Debtor as legal counsel. PRECISION TRADES: Wins Interim Cash Collateral Access ----------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Pennsylvania granted Precision Trades & Service LLC interim approval to use cash collateral. This approval allows the Debtor to access cash collateral from the petition date through May 31, ensuring the business can continue operating. Use of funds must follow a court-approved budget and is limited to actual cash collected, covering only necessary operating expenses such as payroll and taxes. To protect F&M Trust Company, the court granted the secured lender replacement liens on post-petition assets such as accounts receivable), maintaining the same priority and validity as the lender's pre-petition liens. If those liens are insufficient to cover any loss in collateral value, the lender will be granted a priority administrative claim, subordinate only to professional fees and U.S. Trustee fees. Additionally, the Debtor must make monthly interest-only payments of $1,900 to the lender; maintain insurance on collateral; provide monthly accounts receivable aging reports upon request; and remit proceeds from collateral to designated accounts. The court scheduled a final hearing for April 28. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/JYITk from PacerMonitor.com. F&M Trust Company, as lender, is represented by: Kate Deringer Sallie, Esq. Pillar Aught LLC 4201 E. Park Circle Harrisburg, PA 17111 Telephone: (717) 308-9910 Facsimile: (717) 686-9862 ksallie@pillaraught.com About Precision Trades & Service LLC Precision Trades & Service, LLC provides residential and commercial renovation and improvement services, including roofing, siding, gutters, interior remodels, flooring and tile installation, decks, pergolas, windows, doors, and custom additions. It operates as a general contractor in Pennsylvania, Maryland, and West Virginia, serving multiple counties in each state. Precision Trades & Service filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-00174) on January 22, 2026, with $369,655 in assets and $1,751,467 in liabilities. Jacob Plank, managing member, signed the petition. Judge Henry W. Van Eck oversees the case. Lawrence V. Young, Esq., at CGA Law Firm represents the Debtor as bankruptcy counsel. PRESTIGE HEALTHCARE: Court Extends Cash Collateral Access to May 1 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division issued a third interim order allowing Prestige Healthcare Resources Inc. to continue using cash collateral. The court authorized the Debtor to use cash collateral through May 1 in accordance with a detailed April budget. The Debtor is also allowed flexibility to reallocate unused budget amounts and exceed budget line items by up to 10%, provided it reports significant deviations. As adequate protection, M&T Bank and any junior lien creditors will be granted replacement liens on post-petition assets with the same priority as their pre-petition liens, to the extent their collateral value is diminished. In addition, the Debtor must make $25,000 in adequate protection payments to M&T Bank, with any excess over applicable interest applied to principal. The order also clarifies that these liens do not extend to certain avoidance actions and preserves all parties rights to challenge lien validity or priority later. The order includes additional protections and procedures, such as requiring the Debtor to maintain records, provide financial reporting, and serve notice to creditors. The court scheduled a final hearing on April 23. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/e4aQK from PacerMonitor.com. About Prestige Healthcare Resources Inc. Prestige Healthcare Resources Inc., incorporated in Maryland in 2009, operates as a behavioral health core service agency providing mental health and related support services to individuals in Washington, D.C., Prince George's County, and Baltimore City, Maryland, and is recognized as a certified provider in the behavioral health sector, offering therapy, mental health rehabilitative services, substance use disorder programs, elderly and persons with physical disabilities waiver case management, non-medical respite, problem gambling assistance, and assertive community treatment team services. Prestige Healthcare Resources Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10955) on January 29, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by John S. Smith, Jr. as president. Joseph Selba, Esq. at TYDINGS ROSENBERG LLP serves as the Debtor's counsel. PSS TRUCKING: Gina Klump Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 17 appointed Gina Klump, Esq., at the Law Office of Gina R. Klump, as Subchapter V trustee for PSS Trucking, Inc. Ms. Klump will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Klump declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gina Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Phone: (707) 778-0111 Email: gklump@klumplaw.net About PSS Trucking Inc. PSS Trucking, Inc. provides freight transportation services in Pittsburg, California, handling general and temperature-controlled cargo including fresh produce and intermodal shipments. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-40651) on March 28, 2026, with $26,000 in assets and $2,479,331 in liabilities. Parmvir Sidhu, president, signed the petition. Judge Charles Novack presides over the case. Lars Fuller, Esq., at The Fuller Law Firm, PC represents the Debtor as bankruptcy counsel. PURDUE PHARMA: Sentencing Scheduled in 2020 Guilty Plea Case ------------------------------------------------------------ Emlyn Cameron of Law360 Bankruptcy Authority reports that Purdue Pharma will be sentenced later this April 2026, more than five years after it entered a guilty plea for conspiring to defraud the U.S. government, according to a filing in its bankruptcy case. The notice signals progress in resolving one of the company's long-pending criminal matters. The drugmaker previously acknowledged wrongdoing related to its handling and promotion of opioid medications, conduct that contributed to extensive litigation and regulatory scrutiny. Its bankruptcy proceedings have since served as the central forum for resolving billions of dollars in claims tied to the opioid epidemic, according to report. The sentencing is expected to bring closure to the criminal case while complementing Purdue's restructuring efforts. The company continues to pursue a comprehensive resolution of its liabilities through the Chapter 11 process, the report states. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries --http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs ofhealthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) andrelated disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the re-imagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals, and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. QUARTIX FINANCE: Lender Seeks to Collect $1.3MM from Customer ------------------------------------------------------------- The Hon. Denise L. Cote adjourned to July 1, 2026, at 10:00 a.m., the initial pre-trial conference in the case captioned as, Capital Foundry Funding, LLC v. DGL Group Ltd, Ezra Zaafarani, and Mark Nakash, Case No. 1:26-cv-00668 (S.D.N.Y., Jan. 26, 2026). The initial conference was originally scheduled for March 27. The Defendants have until June 15 to respond. Capital Foundry's counsel requested an adjournment of the conference to a date after the June 15 deadline. Capital Foundry, as assignee of Quartix Finance Inc., seeks recovery against DGL Group, Zaafarani and Nakash arising from unpaid advances made by Quartix to DGL under a supply-chain finance arrangement, guaranteed personally by Zaafarani and Nakash. Capital Foundry demands judgment in the principal amount of $1,362,952, plus accrued and future interest, costs, and reasonable attorneys' fees, jointly and severally against all Defendants. Capital Foundry is a commercial lender that provides revolving lines of credit secured by all of a borrower's personal property. On July 13, 2018, Capital Foundry and Quartix entered into a Loan Agreement, as amended, under which Capital Foundry extended a revolving line of credit originally capped at $1 million and later increased to $17 million before being reduced. Borrowing availability was based on the value of eligible collateral. Quartix also executed a Security Agreement dated July 9, 2018, granting Capital Foundry a security interest in all of Quartix's accounts receivable, inventory, intellectual property, deposit accounts, guaranties, contract rights, and related collateral. The Loan Agreement required Quartix to direct customers to remit payments to a lockbox controlled by Capital Foundry and granted Capital Foundry the sole right to collect accounts receivable and take possession of collateral. Critically, Quartix validly assigned to Capital Foundry its interest in the Agreement with DGL, the Guaranty, all obligations thereunder, and all causes of action. Capital Foundry contends it is therefore the lawful owner and holder of the obligations and has standing to enforce them. Since on or before Sept. 18, 2025, Quartix has been in default under the Loan Agreement, and Capital Foundry has exercised its rights to collect Quartix's accounts receivable. The amounts owed by DGL to Quartix constitute assigned accounts receivable that secure the Loan. Quartix operated a cloud-based supply chain finance Platform that facilitated the electronic exchange of supplier invoice information, approvals, offers to purchase or sell invoices, and related notices. Participating customers, including DGL, could request advances from Quartix to pay approved supplier invoices. Customers unconditionally agreed to repay advances on maturity dates specified on the Platform. On May 31, 2022, DGL executed a Customer Services Agreement under which Quartix financed DGL's accounts payable by paying suppliers directly. The deal authorized DGL to use the Platform to post invoices, approve them, request maturity extensions, request Advances, instruct payments, and use other available services. Quartix could, in its sole discretion, pay approved invoices or advance funds to DGL upon a Borrowing Request submitted via the Platform. Each request had to identify the invoices, state the amount (not exceeding the approved invoice total), accept the quoted interest rate and maturity date, and provide any other required information. Repayment terms were absolute. Each Advance was due on demand or, if no demand was made, on the maturity date chosen by DGL via the Platform. DGL acknowledged an "absolute, irrevocable, legal, valid and binding obligation" to repay each Advance without any defense, offset, or counterclaim. Interest accrued at the rate quoted and accepted on the Platform, payable on demand or maturity. Late payments triggered default interest at the rate specified on the Platform (applying before and after judgment). Payments were to be made in immediately available funds in the currency of the Advance. The parties irrevocably chose New York law and consented to the jurisdiction of the courts of the City, County, and State of New York. They waived any objection to venue in those courts. To induce Quartix to enter the Agreement, provide Platform access, and extend services, each Guarantor executed the Guaranty. Each Guarantor "irrevocably and unconditionally guarantees to Creditor payment in full when due, whether by acceleration or otherwise, of any and all Obligation[s] of the Obligors to Creditor." The obligations are joint and several, absolute, unconditional, continuing, and irrevocable. They are not subject to any defense, setoff, counterclaim, or condition precedent, including notice of acceptance, default, demand, presentment, or the borrower's insolvency. As of Aug. 1, 2025, DGL owed Quartix $1,362,952 inclusive of interest through that date. Interest continues at 20.78% per annum. The maturity dates have passed without payment. On Oct. 23, 2025, Capital Foundry's counsel sent a formal Demand Notice by Federal Express and email to all Defendants, notifying them of the default and demanding immediate payment of $1,362,952 plus continuing interest. Proofs of delivery confirm receipt; no response or payment has been made. Capital Foundry is represented by: Jeffrey A. Wurst, Esq. Jonathan S. Bodner, Esq. BODNER LAW PLLC 55 Cherry Lane, Suite 101 Carle Place, NY 11514 Tel: (212) 204-2963 E-mail: jwurst@bodnerlawpllc.com jbodner@bodnerlawpllc.com DGL Group is a manufacturer and import/export company specializing in consumer electronics. DGL is a New York corporation with its principal place of business at 2045 Lincoln Highway, Edison, New Jersey 08817. Zaafarani and Nakash are based in New York. Zaafarani is the Chief Executive Officer of DGL. Capital Foundry is a Delaware limited liability company with its principal place of business in Pennsylvania; its sole member is Capital Foundry, LLC (also Delaware, principal place of business Pittsburgh, Pennsylvania), which is wholly owned by Woodland Capital Holdings, LLC (Delaware, principal place of business Pittsburgh), whose single member is a Pennsylvania citizen. Quartix is a Delaware corporation with its principal place of business in North Carolina. Quartix is a data and technology driven alternative lender operating in the US and Canada. QUILLA PAINTING: Carol Fox Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Carol Fox of GlassRatner as Subchapter V trustee for Quilla Painting Corp. Ms. Fox will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Fox declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Carol Fox GlassRatner 200 East Broward Blvd., Suite 1010 Fort Lauderdale, FL 33301 Tel: 954.859.5075 Email: cfox@brileyfin.com About Quilla Painting Corp. Quilla Painting Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-13901) on March 30, 2026, with $500,001 to $1 million in assets and liabilities. Thomas L. Abrams, Esq. represents the Debtor as legal counsel. R-N-B ROOFING: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------- On April 6, 2026, R-N-B Roofing, Inc. filed for Chapter 7 protection in the Eastern District of California. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About R-N-B Roofing, Inc. R-N-B Roofing, Inc. is a California-based contractor specializing in residential and commercial roofing installation, repair, and maintenance services. R-N-B Roofing, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21923) on April 6, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. R.V. MULLEN: Hires J. William St. Clair as Special Counsel ---------------------------------------------------------- R.V. Mullens Logging, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to employ J. William St. Clair as special counsel. Pre-petition the Debtor obtained funds from certain merchant cash advance lenders / purchasers of future receivables. Post-petition, the Debtor requires the firm to review those transactions to ascertain if the Debtor had causes of action arising out of those transactions. The firm will be paid a contingency fee of 1/3 if the Matter should settle before trial, 45 percent if an award is made after trial and 55 percent if the Matter is appealed. If attorney's fees are awarded as a measure of damages, Mr. St. Clair will be paid an hourly rate of $500 for attorney's time and $125 for paraprofessional time and seek to be reimbursed for all costs and expenses. Mr. Clair disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: J. William St. Clair, Esq. 717 Sixth Avenue Huntington, WV 25701-2105 Tel: (304) 529-3030 About R.V. Mullens Logging, LLC R.V. Mullens Logging, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W. Va. Case No. 26-00140) on March 8, 2026, listing up to $1 million in assets and up to $10 million in liabilities. Judge David L. Bissett oversees the case. Ryan W. Johnson, Esq., at Johnson Legal Services, PLLC serves as the Debtor's counsel. RAD DIVERSIFIED: Court Asked to Approve Appointment of Examiner --------------------------------------------------------------- Guy Van Baalen, the Acting U.S. Trustee for Region 21, asked the U.S. Bankruptcy Court for the Middle District of Florida to approve the appointment of Maria Yip as examiner in the Chapter 11 cases of RAD Diversified REIT, Inc. and affiliates. In his motion, the U.S. trustee argued that concerning allegations have been raised by investors and government agencies in connection with the companies' Chapter 11 cases. The parties agree that a Chapter 11 examiner would provide the necessary clarity in these cases and that the appointment of an examiner is in the interests of creditors, any equity security holders, and other interests of the estate pursuant to Section 1104(c)(1) of the Bankruptcy Code. Furthermore, although the companies are in the process of compiling schedules, it is expected that the companies' unsecured debts exceed $5 million and an examiner may be required under Section 1104(c)(2) of the Bankruptcy Code. The U.S. trustee asserted that based on the allegations in these cases and the companies' desire to provide thorough transparency for the benefit of parties in interest, the appointment of a Chapter 11 examiner appears to be in the best interests of all concerned parties. The U.S. trustee has solicited nominations for candidates from the following parties-in-interest regarding the appointment of the Examiner: * Joseph A. Pack, Counsel for the companies; * Securities and Exchange Commission; and * Florida Office of the Attorney General. To the best of the U.S. Trustee's knowledge, the examiner's connections with the companies, creditors, any other parties-in interest, their respective attorneys and accountants, the U.S. Trustee, and persons employed in the Office of the U.S. Trustee, are limited to the connections set forth in the verified statement. About RAD Diversified REIT Inc. RAD Diversified REIT, Inc are a group of entities engaged in acquiring, managing, renovating, repositioning, and operating real estate, primarily single-family residential properties and vacant lots across Florida, Pennsylvania, Texas, and New Jersey, with certain affiliates holding other types of real estate. RAD Diversified OZ Fund, LP, a Delaware limited partnership, focuses on investments in Qualified Opportunity Zone properties, while RAD Diversified REIT, Inc., a Maryland corporation, is structured to qualify as a real estate investment trust under U.S. tax law. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March 1, 2026. In the petition signed by Katie S. Goodman, chief restructuring officer, the Debtor disclosed up to $100 million in both assets and liabilities. Judge Catherine Peek Mcewen oversees the case. Joseph Pack, Esq., and Jessey J. Krehl, Esq., at Pack Law, represents the Debtor as bankruptcy counsel. The Debtors tapped Kapilamukamal, LLP as forensic accountant, financial analyst and financial advisor; GGG Partners, LLC as operations advisor; and Epiq Corporate Restructuring, LLC as noticing and claims agent. RAILHEAD INC: Cash Collateral Hearing Set for May 19 ---------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Virginia is set to hold a hearing on May 19 to consider extending Railhead, Inc.'s authority to use cash collateral. The Debtor was previously authorized to access cash collateral under the court's March 30 second interim order. The second interim order authorized the Debtor to use cash collateral for ordinary operating expenses in accordance with a 10-week budget, including weekly payments of $250 to secured creditor Republic Capital Access, LLC. The second interim order granted RCA and other secured creditors including First Citizens Bank, M&T Bank and the U.S. Small Business Administration replacement liens on the Debtor's assets, maintaining the same validity and priority as their pre-petition interests. The secured creditors claim security interests in the Debtor's assets, including accounts receivable and other cash collateral. Railhead generated approximately $5.75 million in revenue in 2024 and anticipates revenues of about $3.07 million this year. As of the petition date, the Debtor estimates that it holds approximately $198,421 in cash collateral, consisting mainly of accounts receivable and income generated from contracts entered into prior to the bankruptcy filing. About Railhead Inc. Railhead, Inc. is a Virginia-based government contracting and consulting firm. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10508-BFK) on March 2, 2026. In the petition signed by Jason Butler, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Jeffery T. Martin, Esq, at Martin Law Group PC, represents the Debtor as legal counsel. RAYFORD SURGICAL: Case Summary & Three Unsecured Creditors ---------------------------------------------------------- Debtor: Rayford Surgical Center LLC 25440 I-45 North Ste 200 Spring, TX 77386 Business Description: Rayford Surgical Center LLC, based in Spring, Texas, is a single-asset real estate company holding a deed of trust on a property at 25440 I-45 North in the Spring Surgical Center Subdivision, Montgomery County. Chapter 11 Petition Date: April 6, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-32388 Judge: Hon. Jeffrey P Norman Debtor's Counsel: Iain L. C. Kennedy, Esq. NATHAN SOMMERS GIBSON DILLON PC 1400 Post Oak Blvd, Ste 300 Houston, TX 77056 Tel: 713-960-0303 Fax: 713-892-4800 Email: ikennedy@nathansommers.com Total Assets: $19,170,500 Total Liabilities: $15,022,408 The petition was signed by Ravi Moparty as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5TMPNFA/Rayford_Surgical_Center_LLC__txsbke-26-32388__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Three Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Reliant Electricity $10,376 PO Box 1532 Houston, TX 77251-1532 2. Reliant Electricity $10,248 PO Box 1532 Houston, TX 77251-1532 3. The Milledge Law Group PC $1,783 1235 North Loop West 725 Houston, TX 77008 RED RIVER: Cancer Researcher Claims J&J Suit Is Intimidation Tactic ------------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that an occupational medicine doctor facing libel allegations from Johnson & Johnson has responded with a counterclaim, asserting that the company is pursuing baseless lawsuits to deter scientific research critical of its talc products. The clash highlights tensions between corporate litigation strategy and medical research. Jacqueline Moline, who has served as an expert witness in hundreds of asbestos-related cases, is accused by Johnson & Johnson of falsifying research data. She denies the claims and argues they are part of a broader effort to undermine her credibility, the report stats. Moline's 2020 publication concluded that 33 mesothelioma patients she studied had no alternative asbestos exposure beyond talcum powder use. The findings have played a role in lawsuits alleging that the company's products contributed to cancer diagnoses, according to report. The healthcare giant, acting through a subsidiary established to manage talc liabilities, continues to contest such claims in court. Moline argues that these legal actions are intended to suppress research and discourage experts from presenting evidence that could challenge the company's defense, the report states. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. RED RIVER: NJ Justices Deny Beasley Allen's DQ Appeal in Talc Cases ------------------------------------------------------------------- George Woolston of Law360 Bankruptcy Authority reports that New Jersey's highest court has declined to hear an appeal from the Beasley Allen Law Firm seeking to overturn its disqualification from multicounty talc litigation against Johnson & Johnson. The decision leaves the lower court's ruling intact. The underlying order removed the firm from the coordinated proceedings based on issues identified by the trial court. The litigation centers on claims that Johnson & Johnson's talcum powder products are linked to serious health risks, including cancer, the report states. With the Supreme Court's refusal to intervene, Beasley Allen remains barred from the cases in New Jersey. The litigation will continue under existing counsel without further review of the disqualification, Law360 reports. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. REINFRO LLC: Inteva Lawsuit Administratively Closed --------------------------------------------------- The Hon. Matthew F. Leitman of the U.S. District Court for the Eastern District of Michigan administratively closed the case captioned as INTEVA PRODUCTS LLC, Plaintiff, v. REINFRO LLC, Defendant, Case No. 23-cv-12269 (E.D. Mich.) due to defendant's filing of voluntary petition under chapter 11. About Reinfro, LLC Reinfro, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-10023) with $1 million to $10 million in both assets and liabilities. The petition was signed by Raul Gonzalez as vice president. Judge Hon. Eduardo V Rodriguez oversees the case. The Debtor is represented by: Robert C. Lane The Lane Law Firm PLLC 713-595-8200 notifications@lanelaw.com RELIANT PLUMBING: Seeks to Extend Plan Exclusivity to June 22 ------------------------------------------------------------- Reliant Plumbing & Drain Cleaning LLC asked the U.S. Bankruptcy Court for the Western District of Texas to extend its exclusivity period to file Chapter 11 plan and disclosure statement to June 22, 2026. The Debtor explains that although this is not a large, multi-debtor case, it presents meaningful operational and financial complexity. The Debtor operates a service-based business with a fleet of approximately 20–26 commercial vehicles, many of which are subject to individual financing or lease arrangements. In addition, the case involves numerous creditors reflected in the schedules and claims register, including secured, priority, and general unsecured creditors, all of which require review and reconciliation before plan formulation. The Debtor states that the claims bar date has not yet passed, and the Debtor is still in the process of reviewing and reconciling claims, including determining which claims are valid, duplicative, or subject to objection. Without a finalized claims pool, the Debtor cannot determine appropriate treatment or feasibility. Additional time is also required to evaluate secured positions tied to the Debtor's fleet and to prepare projections based on accurate liabilities. In addition, in light of the recently filed adversary proceeding, the Debtor anticipates that it may need to retain separate counsel to address that litigation. The Debtor therefore requires additional time to identify and retain such counsel, if necessary, and to evaluate the potential impact of that proceeding on the formulation of a plan. The Debtor claims that since the Petition Date, the Debtor has continued operating its business, maintained its workforce, and actively generated revenue. Monthly operating reports reflect ongoing business activity, substantial receipts, and continued efforts to stabilize operations. The Debtor has also engaged with certain creditors regarding adequate protection, demonstrating forward movement in the case. The Debtor notes that its business is improving and consistently profitable on a post-petition basis. The Debtor is actively collecting accounts receivable, which represents a meaningful source of liquidity. Based on current operations, the Debtor anticipates proposing a reorganization plan funded through ongoing cash flow and restructuring of its obligations, without the need for a sale of assets. The Debtor asserts that it has begun engaging with certain secured creditors, including discussions relating to adequate protection. While broader negotiations have not yet been completed, those discussions are ongoing and are expected to expand as the claims reconciliation process progresses and the Debtor refines its plan structure. The Debtor further asserts that it does not seek an extension to gain leverage over creditors. Rather, the extension is necessary to complete the claims reconciliation process, evaluate secured obligations, and develop a feasible plan. There is no indication of bad faith or dilatory conduct. Reliant Plumbing & Drain Cleaning LLC is represented by: Robert C. Lane, Esq. THE LANE LAW FIRM, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 E-mail: notifications@lanelaw.com About Reliant Plumbing & Drain Cleaning Reliant Plumbing & Drain Cleaning LLC provides plumbing and drain cleaning services, serving residential and commercial customers. Reliant Plumbing & Drain Cleaning sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12000) on Dec. 19, 2025. In its petition, the Debtor estimated assets in the range of $1 million to $10 million and estimated liabilities between $100,001 and $1 million. The case is assigned to Bankruptcy Judge Christopher G. Bradley. The Debtor is represented by The Lane Law Firm PLLC. RESULTS STAFFING: Hires Morris Palerm LLC as Counsel ---------------------------------------------------- Results Staffing Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Morris Palerm, LLC as counsel. The firm's services include: (a) advising the Debtor of its rights, powers and duties as a debtor and debtor in possession; (b) advising the Debtor concerning, and assisting in the negotiation and documentation of, financing agreements, debt restructurings, cash collateral arrangements, and related transactions; (c) representing the Debtor in defense of any proceedings instituted to reclaim property or to obtain relief from the automatic stay under Section 362(a) of the Bankruptcy Code; (d) representing the Debtor in any proceedings instituted with respect to the Debtor’s use of cash collateral; (e) reviewing the nature and validity of liens asserted against the property of the Debtor and advising the Debtor concerning the enforceability of such liens; (f) advising the Debtor concerning the actions that they might take to collect and to recover property for the benefit of its estate; (g) preparing on behalf of the Debtor all necessary and appropriate applications, motions, pleadings, draft orders, notices, schedules, and other documents and reviewing all financial and other reports to be filed in this Chapter 11 case; (h) advising the Debtor concerning, and preparing responses to, applications, motions, pleadings, notices, and other papers that may be filed and served in this Chapter 11 case; (i) counseling the Debtor in connection with the formulation, negotiation and promulgation of a plan of reorganization or liquidation and related documents; and (j) performing all other legal services it is qualified to handle for and on behalf of the Debtor that may be necessary or appropriate in the administration of this Chapter 11 case, including advising and assisting the Debtor with respect to debt restructuring, claims analysis and disputes, legal advice with respect to general corporate, bankruptcy and finance, and matters and litigation other than for discrete matters for which special counsel may be retained. The firm will be paid at these rates: Terry E. Morris, Esq. $350 per hour Legal assistants/Paralegals $100 per hour On February 6, 2026, the Debtor retained the services of the firm and tendered an initial retainer payment of $6,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Morris disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Terry E. Morris, Esq. Morris Palerm, LLC 804 Pershing Drive, Suite 207 Silver Spring, MD, 20910 Tel: (301) 424-6290 Fax: (301) 424-6294 Email: tmorris@morrispalerm.com About Results Staffing Solutions, LLC Results Staffing Solutions, LLC is a Maryland-based staffing and workforce solutions company providing temporary and permanent placement services across various industries. Results Staffing Solutions, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-11382) on February 9, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of up to $100,000. The Debtor is represented by Terry E. Morris, Esq., of Morris Palerm, LLC. ROBLEDO FAMILY: Case Summary & 14 Unsecured Creditors ----------------------------------------------------- Debtor: Robledo Family Winery, Inc. 21901 Bonness Road Sonoma, CA 95476 Business Description: Robledo Family Winery, Inc., based in Sonoma, California, produces and sells wine, olive oil, merchandise, and related products through its tasting room and events operations. Founded by the Robledo family, the winery began commercial wine production in 1997 from estate grapes and serves visitors in Sonoma Valley through its tasting room on Bonness Road. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-10229 Judge: Hon. Charles Novack Debtor's Counsel: Douglas B. Provencher, Esq. EMBOLDEN LAW PC 823 Sonoma Avenue Santa Rosa, CA 95404 Tel: 707-284-2381 Fax: 707 284-2387 E-mail: dbp@provlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Everardo Robledo as chief executive officer. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KBXAF7A/Robledo_Family_Winery_Inc__canbke-26-10229__0001.0.pdf?mcid=tGE4TAMA ROOF EZ: Gets Extension to Access Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, issued a third interim order authorizing Roof EZ Inc. to use cash collateral. Under the order, the Debtor is authorized to use cash collateral to pay court-approved expenses, including Subchapter V Trustee interim compensation, and other necessary business expenses listed in an approved budget. The Debtor may exceed individual budget line items by up to 10% or exceed them further as long as the total additional spending across the entire budget does not surpass 10% of the overall budget. Any additional spending must either be approved by the secured creditors or qualify as administrative expenses. The order also imposes obligations on the Debtor. The Debtor must comply with all duties required under the Bankruptcy Code and allow the secured creditors access to its business records and premises within 48 hours of request, provided it does not disrupt operations. Additionally, the creditors will receive a replacement lien on the Debtor's post-petition assets with the same priority as their pre-petition lien. The court scheduled the next hearing for May 6. A copy of the court's order and the Debtor's budget is available at http://urlcurt.com/u?l=1UIBBYfrom PacerMonitor.com. About Roof EZ Inc. Roof EZ Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02539) on December 19, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Luis Ernesto Rivera II presides over the case. Michael R. Dal Lago, Esq., represents the Debtor as legal counsel. SEAGOVILLE FARMS: Hires Joyce W. Lindauer as Bankruptcy Counsel --------------------------------------------------------------- Seagoville Farms Homeowners Association, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Joyce W. Lindauer Attorney, PLLC as counsel to handle its Chapter 11 case. The firm will be paid at these hourly rates: Joyce Lindauer, Attorney $625 Paul Geilich, Of Counsel $595 Dian Gwinnup, Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $16,738 from the Debtor. Ms. Lindauer and Mr. Geilich disclosed in court filings 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: Joyce W. Lindauer, Esq. Paul B. Geilich, Esq. Joyce W. Lindauer Attorney, PLLC 117 S. Dallas St. Ennis, TX 75119 Telephone: (972) 503-4033 About Seagoville Farms Homeowners Association, Inc. Seagoville Farms Homeowners Association, Inc., filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 26-31336) on March 30, 2026. The Debtor hires Joyce W. Lindauer Attorney, PLLC as counsel. SECOND STREET: Unsecured Creditors to Split $100K over 4 Years -------------------------------------------------------------- Second Street Sandwiches, Inc. filed with the U.S. Bankruptcy Court for the Eastern District of Missouri a Disclosure Statement describing Plan of Reorganization dated March 31, 2026. Second Street Sandwiches, Inc., which does business as Rooster, was established in 2006 in downtown St. Louis by David Bailey. The original restaurant was a thirty-seat café with a staff of seven. In 2013, Mr. Bailey got the opportunity to purchase a historic building at 3150 S Grand that was slated for demolition 13 times. After getting it on to the National Parks Historic registry, it was completely rehabbed into a 210 seat restaurant with a patio and in house bakery. This second location opened in the Tower Grove neighborhood in 2014. The Debtor's current financial challenges stem from a combination of factors, including the unsuccessful launch of a third location in Clayton that was paid for out of savings rather than loans, rising interest rates, increased costs of goods and services, and mounting overhead expenses. Sales for both Rooster locations in 2026 have been higher than in comparable periods in 2025. The Debtor has operated at a profit during the case. Class 4 consists of all Allowed Unsecured Claims held by any Unsecured Creditor against the Debtor. Each Class 4 Allowed Unsecured Claimant shall receive payment that consists of its pro rata share of $100,000.00 to be distributed in four annual installments beginning on August 31, 2027 (the "Class 4 Distributions"). The Debtor shall reserve sufficient funds to pay any Class 4 creditor who has a Claim to which an objection has been filed. The Claim shall be paid in accordance with entry of a final order allowing or disallowing the claim. Class 5 consists of all Allowed Interests in the Debtor. All Class 5 Allowed Interests will (a) be cancelled on the Confirmation Date and (b) receive no Distribution under the Plan. The Plan will be funded with cash on hand and future operating revenue. The Debtor has based the Plan payments upon conservative income projections drawn from the recent historical revenue data. The future projections are based on the same assumptions, modeling and pricing the Debtor used during the bankruptcy case. These projections were accurate and the Debtor met or exceeded the forecast. The current owner of the Debtor is David Bailey ("Bailey") who holds one hundred percent of the equity interest of the Debtor. Within 60 days of the Effective Date, Bailey shall contribute cash equivalents through forgiveness of unsecured claims owed by insiders of the Debtor and reaffirmation of guarantees securing liabilities of the Debtor. In exchange for the foregoing, the Reorganized Debtor shall issue a 100% interest in the Reorganized Debtor to Bailey. A full-text copy of the Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=LywVNY from PacerMonitor.com at no charge. Counsel to the Debtor: Spencer P. Desai, Esq. THE DESAI LAW FIRM, LLC 13321 North Outer Forty Road, Suite 300 St. Louis, MO 63017 Telephone: (314) 666-9781 Facsimile: (314) 448-4320 E-mail: spd@desailawfirmllc.com About Second Street Sandwiches Inc. Second Street Sandwiches, Inc. doing business as Rooster, operates a food service establishment at 3150 S. Grand Blvd. Saint Louis, Missouri, serving sandwiches, brunch, local coffee, craft beer, and cocktails. Second Street Sandwiches sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 25-44600) on November 25, 2025, listing up to $10 million in assets and liabilities. David Bailey, president of Second Street Sandwiches, signed the petition. Judge Kathy A. Surratt-States oversees the case. Spencer Desai, Esq., at The Desai Law Firm, represents the Debtor as bankruptcy counsel. SHABBY SHEEK: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On April 6, 2026, Shabby Sheek LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Shabby Sheek LLC Shabby Sheek LLC is a single asset real estate company. Shabby Sheek LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-54554) on April 6, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Lisa Ritchey Craig handles the case. SHELTERING ARMS: Unsecureds Will Get 100% of Claims in Plan ----------------------------------------------------------- Sheltering Arms LLC filed with the U.S. Bankruptcy Court for the District of New Jersey a Combined Plan of Reorganization and Disclosure Statement dated March 31, 2026. The Debtor is a New Jersey Limited Liability Company with its last known premises located at 2- 8 Broadway, Paterson, NJ 07505 (the "Property"). The Property consists of a 32-unit commercial building on three adjacent lots, specifically, 27-29 Prospect Street, Paterson, NJ (Block 4503, Lot 2), 2-8 Broadway, Paterson, NJ (Block 4503, Lot 3) and 10 Broadway, Paterson, NJ (Block 4503, Lot 4). The Property's listed value at the time of the filing of the petition was $4,500,000.00. The Property is a designated low income housing facility with the City of Paterson. There are currently thirty-one low-income housing residential tenants occupying the premises. All of the Debtor's income is derived from the rental units of the Property. The Debtor proposes to pay all allowed Administrative Claims in full on the Effective Date of the Plan. The Debtor proposes to pay the allowed claim of all allowed and undisputed Priority Claims in full on the Effective Date of the Plan or within ten days from the Effective Date of the Plan. The Debtor proposes to reclassify the BCIF Holdings I, LLC, Secured Claim 1-1, as a separately classified pay in full secured claim pursuant to a Loan Paydown and Reinstatement Agreement ("Reinstatement Agreement") being currently finalized as the Debtor and BCIF settled the disputed claim on March 24, 2026 (“="BCIF Claim"). The Debtor lists the claim in its schedules as a contingent, disputed claim unliquidated secured claim with a right to a set-off and the BCIF Claim has been negotiated in good faith, settled and fixed at a principal balance currently due of $979,418.28 after acceptance and receipt of a lump sum payment of $1,009,500.00 paid on March 24, 2026 from a non-debtor entity, Paterson Coalition For Housing, Inc. which is owned and operated by Therese Tolomeo, the principal and Sole Member of the Debtor. With the settlement of the BCIF Claim and the Reinstatement Agreement, the Debtor shall sell or refinance the Debtor's commercial property located at 2-8 Broadway, Paterson, NJ within the time proscribed in the Reinstatement Agreement and provide adequate assurances pursuant to the Reinstatement Agreement and the existing loan and security documents. The Debtor will also stay current with all payment obligations in connection with the loan and security documents and Reinstatement Agreement. The Debtor proposes to pay $500.00 per month within ten days of the Effective Date of the Plan towards the secured claim 3-1 of International Management LLC, holder of a secured claim via a tax sale certificate #16-02797 for outstanding sewer lien charges. Monthly payments shall continue until the sale or refinance is concluded, which will pay off the remaining balance in full within the maximum period of twelve to fifteen months from Bankruptcy Court approval of the Reinstatement Agreement. The Debtor is the Landlord to various residential lease agreements which the Debtor will continue to maintain and assume as the Landlord. The Debtor proposes to treat all other allowed claims against the Debtor, as general unsecured claims under Bankruptcy Code Sec. 506(a), to be paid 100%. The Plan will be funded by the income derived from Sheltering Arms's business operations, the Sole and Managing Member of the Debtor, Therese Tolomeo, from the funds and income derived from the refinance of the non-debtor entity, Paterson Coalition For Housing, Inc.'s commercial property, and the sale or refinance of the Debtor's property to ensure all obligations under the Plan are met. Therese Tolomeo, Individually, shall also make a nonrecourse capital contribution towards administrative expenses and/or initial Plan funding upon confirmation of the Plan (if necessary). The Sole and Managing Member of the Debtor is a guarantor to the BCIF Claim and she not in active bankruptcy as an individual. The settlement of the BCIF Claim will also prevent any contemplated state court litigation as to the Managing Member in order to ensure the Plan is properly funded and allow for the Plan to be substantially consummated. Class 5 consists of General Unsecured Claims. Claimants to receive a share pro rata share of $500.00 per month pending a sale or refinance of the Debtor's Property within twelve to fifteen months from the Effective Date, then shall be paid the balance of their unsecured claim in full within fourteen days from the time of closing on said sale or refinance in the following manner: * Commencing 30 days after the Effective Date, for a period of twelve months but no more than fifteen months, the Debtor will make the following monthly payments toward the fund for payment of Class 5 Claims: Months 1 – 12: $500.00 per month; Balance of general unsecured claim to be paid in full within fourteen days from date of closing on sale or refinance. Class 5 is unimpaired. This Class will receive a distribution of 100% of their allowed claims. The Debtor, Sheltering Arms, will fund the payments to Classes 1 through 5 by income from 1) normal business operations of the Debtor, 2) with nonrecourse capital contributions from the LLC Member, Therese Tolomeo via the remaining refinance proceeds from Paterson Coalition refinance, and 3) sale or refinance of the Debtor's Property. A full-text copy of the Combined Plan and Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=TnURH8 from PacerMonitor.com at no charge. Counsel to the Debtor: Steven D. Pertuz, Esq. LAW OFFICES OF STEVEN D. PERTUZ, LLC 111 Northfield Avenue, Suite 304 West Orange, NJ 07052 Tel: (973) 669-8600 Fax: (973) 669-8700 E-mail: pertuzlaw@verizon.net About Sheltering Arms LLC Sheltering Arms LLC is a single asset real estate company, operates from its principal location at 2-8 Broadway in Paterson, New Jersey. Sheltering Arms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-22808) on Dec. 31, 2024. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Steven D. Pertuz, of Law Offices Of Steven D. Pertuz, LLC, is the Debtor's counsel. SHOHREH LLC: Seeks Chapter 7 Bankruptcy in California ----------------------------------------------------- On April 7, 2026, Shohreh LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Shohreh LLC Shohreh LLC is a limited liability company. Shohreh LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30299) on April 7, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Dana M. Douglas, Esq. of Dana M. Douglas Attorney At Law. SISSON & SON: Hires Building Wealth Corporation as Accountant ------------------------------------------------------------- Sisson & Son Logging Corporation seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Dan Guinn of Building Wealth Corporation as its accountant. The firm will provide accounting and operational support in the State of Georgia. The firm's fees range from $37 to $50 per hour. Building Wealth Corporation represents no interest which would be adverse to the estate of the Debtor. The firm can be reached through: Dan Guinn, MBA Building Wealth Corporation 630 Dugdown Road Buchanan, GA 30113 Phone: (404) 293-0079 Email: BuildingWealth.Dan@gmail.com About Sisson & Son Logging Sisson & Son Logging Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40256) on Feb. 13, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Judge Barbara Ellis-Monro oversees the case. The Debtor is represented by Ian M. Falcone, Esq., at The Falcone Law Firm, PC. SME DUBLIN: Seeks to Extend Plan Exclusivity to July 30 ------------------------------------------------------- SME Dublin, LLC asked the U.S. Bankruptcy Court for the Middle District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 30 and Sept. 29, 2026, respectively. Since the commencement of this case, Debtor has spent a significant portion of the first 120 days of this case communicating and negotiating with its primary secured creditor, First Federal. Additionally, the Debtor has also been focused on other important activities, including, among other things, (a) conducting supervision of Debtor's property; (b) preparing Debtor's schedules and statement of financial affairs; (c) evaluating and prioritizing its funding requirements; (d) testifying at the 341 meeting; (e) preparing monthly operating reports; and (f) litigating and attempting to resolve with First Federal its Motion for Relief which relates to an alleged environmental issue at Debtor's plant property in Dublin, Georgia. The Debtor believes that its efforts will have a significant impact on its ability to successfully reorganize. Debtor believes that it has reasonable prospects for filing a viable plan. However, it needs additional time to formulate and negotiate a plan and prepare the required adequate information. The Debtor explains that since the Petition Date, Debtor has devoted substantial time and resources to negotiating a comprehensive settlement with First Federal, the primary secured creditor and sole active stakeholder in this case. These discussions have focused on a formal forbearance and settlement agreement which was fully executed on March 30, 2026. And without such settlement, there is a real possibility that First Federal could obtain stay relief, foreclose on Debtor's primary asset, and, thus, wipe-out recoveries for all other creditors of the estate. The Debtor asserts that it is generally paying its post-petition debts as they come due and believes that it will have sufficient cash to continue paying its post-petition obligations as they come due. Debtor is also satisfying its non-financial obligations, by maintaining insurance, and continuing to maintain its assets. Debtor's performance in this regard supports its request for extension, further reducing potential risk to the reorganization process if the extensions are granted. The Debtor further asserts that it does not seek the extensions to delay the reorganization or to pressure the creditors to accede to a plan that they might find unacceptable. Rather, Debtor seeks the extensions to provide it with time to attempt to reach a consensus on a confirmable plan and the creation of viable, sustainable reorganized Debtor. At this early stage, a relatively short extension of the Exclusive Periods will not harm or prejudice any party-in-interest. SME Dublin, LLC is represented by: David L. Bury, Jr., Esq. Thomas B. Norton, Esq. E. Tate Crymes, Esq. Stone & Baxter, LLP 577 Third Street Macon, GA 31201 Tel: (478) 750-9898 Fax: (478) 750-9899 Email: dbury@stoneandbaxter.com tnorton@stoneandbaxter.com tcrymes@stoneandbaxter.com About SME Dublin, LLC SME Dublin, LLC is a privately held limited liability company whose main assets are situated at 330 Dewey Warnock Rd., East Dublin, GA 31027. SME Dublin, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51942) on December 2, 2025, listing in both assets and liabilities. The petition was signed by Hugh F. Smisson, III as CEO, president and general manager. Judge Robert M. Matson presides over the case. David L. Bury, Jr., Esq. at STONE & BAXTER, LLP represents the Debtor as counsel. SONORA HOLDINGS: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Sonora Holdings, LLC PO Box 431 Monrovia, CA 91017 Business Description: Sonora Holdings, LLC is privately held company whose principal assets are located at 1311 S Shamrock Ave. Monrovia, CA 91016. Chapter 11 Petition Date: April 8, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-13400 Debtor's Counsel: Leonard Pena, Esq. PENA & SOMA, APC 1003 Diamond Avenue Suite 202 South Pasadena, CA 91030 Tel: (626) 396-4000 E-mail: lpena@penalaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Gregory Mellinger as managing member. The Debtor stated in the petition that it does not have any unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ALHC5JI/Sonora_Holdings_LLC__cacbke-26-13400__0001.0.pdf?mcid=tGE4TAMA SPEYSIDE HOLDINGS: Cash Collateral Hearing Set for May 4 -------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York is set to hold a hearing on May 4 to consider extending Speyside Holdings, LLC's authority to use cash collateral. The Debtor was previously allowed to access cash collateral under the court's three interim orders entered last month. The interim orders approved the payment of expenses from the cash collateral in line with the Debtor's budget and granted Speylo Holdings, LLC replacement liens on the Debtor's assets except Chapter 5 avoidance actions as protection. The orders included a carveout prioritizing certain administrative expenses such as U.S. Trustee fees and limited Chapter 7 trustee costs (capped at $10,000 if applicable). Speyside's underlying assets are valued in excess of $1.26 million, plus the significant but currently unquantified value of the quarry land itself. By using cash collateral to stabilize operations, the Debtor aims to preserve its going-concern value and eventually secure an exit strategy that has been previously "chilled" by the ongoing legal disputes in state court. About Speyside Holdings LLC Speyside Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-26-70730-spg) on February 20, 2026. In the petition signed by Eugene Fernandez, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Sheryl P. Giugliano oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as legal counsel. SPEYSIDE HOLDINGS: Law Office of Robert Del Col as Special Counsel ------------------------------------------------------------------ Speyside Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Law Office of Robert Del Col as special counsel. The firm will represent the Debtors in litigation matters during the pendency of the bankruptcy counsel. The firm will not seek payment of its legal fees and expenses from the Debtors. It will seek payment form BCM, LLC, that has been paying its fees and will waive any claim for reimbursement solely from the estate. The firm does not hold nor represent any interest adverse to the Debtor or the estate, according to court filings. The firm can be reached through: Robert J. Del Col, Esq. The Law Office of Robert Del Col 550 NY-111 Hauppauge, NY 11788 Phone: (631) 271-4684 About Speyside Holdings LLC Speyside Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-26-70730-spg) on February 20, 2026. In the petition signed by Eugene Fernandez, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Sheryl P. Giugliano oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as legal counsel. SPIRIT AVIATION: Plan Fails to Account for Fuel Price Volatility ---------------------------------------------------------------- Citibank, N.A., as the administrative agent under Spirit Aviation Holdings, Inc.'s revolving credit facility, asks the U.S. Bankruptcy Court for the Southern District of New York to reject the Motion of the Debtors to Approve the (I) Adequacy of Information in the Disclosure Statement, (II) Solicitation and Voting Procedures, (III) Forms of Ballots, Notices and Notice Procedures in Connection Therewith, and (IV) Certain Dates With Respect Thereto. Among others, Citibank notes the Debtors' projections do not reflect the impact of volatility in jet fuel prices on the business. Citibank explains jet fuel price volatility continues to pose a significant threat to the Debtors' business. The Debtors have acknowledged in their Disclosure Statement that "[R]ecent fluctuations in the price and availability of fuel arising out of the conflict in the Middle East and Iran could negatively impact the Debtors' financial results. The Debtors' operating results are significantly impacted by changes in the price and availability of aircraft fuel. Periods of high volatility in jet fuel costs, increased jet fuel prices, and significant disruptions in the supply of jet fuel could have a material adverse impact on the Company's business, financial condition, and operating results. Citibank says the financial projections accompanying the Disclosure Statement do not account for these risks -- and in fact, assume that prices "return to normal" by mid-May 2026 without basis. The Debtors on April 6 delivered to the Bankruptcy Court exhibits in support of their Disclosure Statement and Plan of Reorganization. The Debtors prepared the forecasted income statement for the annual periods of Dec. 31, 2026 through Dec. 31, 2030. The Debtors noted that: “Aircraft fuel is currently experiencing near-term volatility directly related to the ongoing situation in Iran. The current assumption is that fuel price volatility subsides and returns to a more normalized pre-war pricing environment in the back half of May 2026. As such, fuel expense is projected based on forecasted gallon usage as well as fuel price fluctuation based on USGC Jet, NY Jet, and LA Jet forward curves, resulting in a weighted average cost for jet fuel of $2.67 (including taxes and fees) per gallon for fiscal year 2026, $2.14 per gallon for fiscal year 2027, $2.11 per gallon for fiscal year 2028, $2.08 per gallon for fiscal year 2029, and $2.08 per gallon for fiscal year 2030. The Financial Projections do not contemplate a fuel hedging program.” According to Citibank, the Debtors fail to provide any projections reflecting the possibility that fuel prices do not normalize from their elevated levels. They provide no sensitivity analysis and no modeling of the impact of sustained fuel price increases on the Reorganized Debtors' cash flow, liquidity, or ability to comply with post-emergence debt covenants. "This deficiency prevents creditors from evaluating the feasibility of the Plan. If the Debtors cannot demonstrate their viability at current (or possibly higher) fuel prices, they have no basis to represent that the Plan is feasible," Citibank argues. Citibank also challenges the Debtors' move to "reinstate" their revolving credit facility. Citibank says the Debtors' bankruptcy-exit Plan, without the consent of the RCF Administrative Agent or the Required Lenders, proposes to break a single, unified $275 million RCF, secured on a first-lien basis by aircraft engines, spare parts, and slots at LaGuardia Airport, into two separate instruments with different collateral: -- a $200 million "Reinstated Revolving Credit Facility” secured by Section 1110 collateral; and -- a $75 million "Class 4 Term Loan Facility" secured by non-Section 1110 collateral. Citibank contends this violates Section 1110 and other sections of the Bankruptcy Code. Citibank asserts, "The ramifications of the Debtors' requested treatment of the RCF Lenders' claims would extend well beyond these cases. Mixed-collateral facilities -- secured by both Section 1110 equipment and other assets -- are commonplace in aviation finance. Lenders extend credit on the understanding that their collateral packages and covenant protections will be respected as a unified whole. Permitting a debtor to unilaterally bifurcate such a facility would upend the settled expectations of aviation lenders industry-wide and chill the extension of credit to air carriers at a time when access to capital is critical to the industry's stability." Citibank also asserts the Debtors are already in default under the parties' Credit Agreement. On March 17, 2026, the RCF Administrative Agent, at the direction of the Required Lenders, issued a notice identifying multiple continuing defaults, including the Debtors' failure to deliver conforming appraisals and their improper calculation of the Borrowing Base. The Debtors' subsequent revised appraisals and compliance certificate did not cure these defaults and continued to improperly calculate the Borrowing Base. That prompted the RCF Administrative Agent to issue another notice at the Required Lenders' direction. When properly calculated, the Credit Agreement requires a paydown of more than $35 million or the pledge of additional collateral to cure the shortfall in the Borrowing Base. If these defaults are not timely cured, the right to repossess Section 1110 collateral will be unrestricted by any power of this Court or the Bankruptcy Code. That the Debtors have already defaulted on the very obligations they purport to be “reinstating" speaks volumes about the Plan's feasibility, according to Citibank. The RCF Administrative Agent, the RCF Lenders, and the Debtors are in active dialogue regarding the Plan, according to Citibank. Counsel for Citibank N.A., as the Administrative Agent under the Debtors' Revolving Credit Facility: Atara Miller, Esq. Tyson Lomazow, Esq. Andrew Harmeyer, Esq. Jason Kestecher, Esq. MILBANK LLP 55 Hudson Yards New York, NY 10001-2163 Telephone: (212) 530-5000 Facsimile: (212) 530-5219 Email: amiller@milbank.com tlomazow@milbank.com aharmeyer@milbank.com jkestecher@milbank.com - and - James H. Weingarten, Esq. Anastasia Pastan, Esq. MILBANK LLP 1101 New York Avenue NW Washington, DC US 20005 Telephone: (202) 835-7500 Facsimile: (202) 263-7586 Email: jweingarten@milbank.com apastan@milbank.com About Spirit Aviation Holdings Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11897) on Aug. 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. Citibank N.A., as the Administrative Agent under the Debtors' Revolving Credit Facility, is represented by Milbank LLP. 2024 Restructuring Spirit Airlines and its affiliates previously sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Lane also presided over the 2024 case. The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC, as financial advisor; and Perella Weinberg Partners LP as investment banker. Epiq Corporate Restructuring, LLC, is the claims agent. Paul Hastings, LLP and Ducera Partners, LLC served as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represented the Ad Hoc Group of Senior Secured Noteholders. The official committee of unsecured creditors retained Willkie Farr & Gallagher LLP as counsel. Citigroup Global Markets, Inc., served as financial advisor and Latham & Watkins LLP served as legal counsel to Frontier. SPIRIT AVIATION: Seeks to Extend Plan Exclusivity to July 27 ------------------------------------------------------------ Spirit Aviation Holdings, Inc. and its subsidiaries asked the U.S. Bankruptcy Court for the Southern District of New York to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 27 and Sept. 23, 2026, respectively. The Debtors are a leading value airline serving destinations throughout the United States, Latin America and the Caribbean. Given the magnitude of the Chapter 11 Cases, the Debtors respectfully submit that the extensions requested herein are appropriate. Moreover, the Debtors' conduct in the Chapter 11 Cases demonstrates their good faith desire to successfully and expeditiously reorganize in chapter 11 and emerge as a strong, value airline. The Debtors worked tirelessly throughout the first months of these Chapter 11 Cases to address numerous complex issues that needed to be resolved before the Consenting DIP Lenders would enter into the Restructuring Support Agreement and the Debtors could file the Plan. The Debtors explain that they continue to make timely payments on account of their undisputed postpetition obligations as they come due and, as applicable, in accordance with the terms of the relevant settlements negotiated during the pendency of the Chapter 11 Cases. As such, this factor also weighs in favor of allowing the Debtors to extend the Exclusive Periods. The Debtors claim that only seven months have elapsed in the Chapter 11 Cases, which is not long for cases of this size and complexity. During this short time, the Debtors have accomplished a great deal despite the complexity of these Chapter 11 Cases and the numerous parties involved, and continue to work diligently towards their timely emergence from chapter 11. Accordingly, the Debtors respectfully submit that a further extension of the Exclusive Periods is appropriate. The Debtors note that they have obtained support for the Plan from the Consenting DIP Lenders pursuant to the Restructuring Support Agreement. The Plan was filed just two weeks ago, and the Debtors are actively pursuing confirmation of such Plan. Entry into the Restructuring Support Agreement and the support embodied therein is a significant step towards the Debtors' goal of confirming a Plan and emerging expediently from these Chapter 11 Cases. The Debtors assert that they are not seeking to extend exclusivity to pressure or prejudice their stakeholders. To the contrary, all creditor groups (or their advisors) have had ample opportunity to actively participate in substantive discussions with the Debtors throughout these Chapter 11 Cases. Continued exclusivity will permit the Debtors to continue diligently working with many various creditor groups and other parties in interest, and to preserve and capitalize on the progress made to date in their restructuring negotiations. The Debtors further assert that they have only recently filed the Plan, which is supported by the Consenting DIP Lenders, and are working to build consensus among additional groups to facilitate a successful confirmation and expedited emergence. At this critical stage, the prospect of competing plans would be detrimental to an efficient resolution of the Chapter 11 Cases, harming the Debtors and creditors alike. Counsel to the Debtors: Marshall S. Huebner, Esq. Darren S. Klein, Esq. Christopher S. Robertson, Esq. Joseph W. Brown, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York, NY 10017 Telephone: (212) 450-4000 E-mail: marshall.huebner@davispolk.com darren.klein@davispolk.com christopher.robertson@davispolk.com joseph.brown@davispolk.com About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. STANDARD FREIGHT: Seeks to Hire Tax Workout Group as Accountant --------------------------------------------------------------- Standard Freight Logistics, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Ramon-Shane Johnson of Tax Workout Group as accountant. The firm will prepare the Debtor's 2025 Federal Tax Return at a flat rate of $4,600. Mr. Johnson 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: Ramon-Shane Johnson Tax Workout Group 175 S 3rd St., Suite 200 Columbus, OH 43215 Tel: (866) 2TaxDefense (282-9333) Fax: (866) 511-2384 Email: contact@taxworkoutgroup.com About Standard Freight Logistics, Inc. Standard Freight Logistics Inc. is an interstate trucking provider located in4222 Iona Way in Knoxville, Tennessee. It transports private goods including furniture and appliances and also carries freight for government entities at the federal, state, and local levels. Standard Freight Logistics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00730) on February 23, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100,000 and $1 million. Honorable Bankruptcy Judge Jacob A. Brown handles the case. The Debtor is represented by Bryan K. Mickler, Esq. STRATTO LLC: Hires Law Office of Stephen L. Burton as Counsel ------------------------------------------------------------- Stratto, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of California to employ Law Office of Stephen L. Burton as counsel. The firm will render these services: (a) prepare pleadings, applications and conduct examinations incidental to administration; (b) advise the Debtor with respect to its rights, powers, duties and obligations in the administration of this case, the management of its financial affairs and the management of its income and property; (c) advise and assist the Debtor with respect to compliance with the requirements of the Office of the United States Trustee; (d) advise the Debtor regarding matters of bankruptcy law; (e) advise and represent the Debtor in connection with all applications, motions or complaints for adequate protection, sequestration, relief from stays, appointment of a trustee or examiner and all other similar matters; (f) develop the relationship of the status of the Debtor to the claims of creditors in these proceedings; (g) advise and assist the Debtor in the formulation and presentation of a plan pursuant to Chapter 11 of the Bankruptcy Code and concerning any and all matters relating thereto; (h) represent the Debtor in any necessary adversary proceedings; (i) represent the Debtor in any non-bankruptcy proceedings for the purpose of filing a notice of stay; and (j) perform any and all other legal services incident and necessary therein. The firm will be paid at its regular hourly rate of $450 plus reimbursement. On or about January 23, 2026, the Debtor paid a prepetition retainer in the amount of $8,000 of which $2,000 was earned prepetition. Stephen Burton, Esq., disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen L. Burton, Esq. Law Office of Stephen L. Burton 16133 ventura Boulevard, 7th Floor Encino, CA 91436 Telephone: (818) 501-5055 Facsimile: (818) 501-5055 About Stratto LLC Stratto LLC filed Chapter 11 petition (Bankr. S.D. Cal. Case No. 26-00177) on Jan. 23, 2026, with between $1 million and $10 million in both assets and liabilities. Judge J. Barrett Marum oversees the case. Stephen L. Burton, Esq., is the Debtor's legal counsel. SYAGRUS SYSTEMS: Amends North Star Secured Claims Pay ----------------------------------------------------- Syagrus Systems, LLC, submitted a First Amended Disclosure Statement describing First Modified Plan of Reorganization dated March 31, 2026. The Debtor filed for relief under Chapter 11 of the United States Bankruptcy Code on June 19, 2025 with the intention of reorganizing its debts. The Plan is intended to implement the Debtor's reorganization of its business and finances. The Plan provides for the reorganization of the Debtor's business and the satisfaction of the claims of all creditors. The Debtor believes that the Plan complies with all of the requirements of the Bankruptcy Code and that it should be confirmed by the Court. During the pendency of the case the Debtor has operated its business in the ordinary course as debtor-in-possession. No committee of unsecured creditors was appointed in this case. The Debtor has continued to implement its reorganization strategy by reducing staff, and administrative overhead. The Plan provides for payments to creditors from its future operating income. The Plan has a five-year term and proposes to pay the priority and secured claims in full and to pay general unsecured creditors 10% of the allowed amount of their claims. Class 2 consists of the allowed secured claim of North Star Bank. This claim is in the approximate aggregate amount of $594,052; and is memorialized in three separate notes. All three notes shall be modified on the following terms: (i) interest at the fixed rate of six and one-half percent; and (ii) a term of 55 months. The approximate amount of the monthly payments of principal and interest will be: $2,442,45 on Loan "8625"; $4,885.41on Loan "8668"; and $4,137.33 on Loan "0077". The approximate amount of the aggregate monthly payments will be $11,465.19. On or before the Effective Date the Debtor shall make, sign and deliver to the holder of Class 2 Claims, amended notes reflecting these modified terms and in form and substance reasonable satisfactory to the holder and its counsel. The Debtor shall commence making monthly payments to the holder of Class 2 Secured Claims 30 days after the Effective Date in accordance with the amended notes. Upon payment in full, the holder will release its security interest in collateral. This claim is treated as fully secured and is not impaired. The Amended Disclosure Statement does not alter the proposed treatment for unsecured creditors and the equity holder: * Class 4 consists of General Unsecured Claims. Class 4 Claims are estimated to be $1,700,000. The Debtor shall pay a total of $170,000 to holders of Class 4 Claims. The Debtor shall make quarterly distributions of $8,500 for five years commencing on the last day of the first full calendar quarter after the Effective Date, and continuing on the last day of each succeeding nineteen calendar quarters. Distributions shall be prorated to all holders of Class 4Claims based on the ratio each holder's claim bears to the aggregate amount of allowed Class 4 Claims (amount of holder's claim ÷ $1,700,000.00). * Class 5 claims and interests of the members of the Debtor. Members of the Debtor shall retain their member interests; provided however that the Debtor shall not make any distributions of profit until and unless Holders of Class 4 Claims have received all of the distributions provided for under the Plan. On the Effective Date, the Debtor shall be re-vested with title to all property of the bankruptcy estate. The Debtor shall continue to conduct its operations in the ordinary course. The Debtor shall fund distributions out of income from operations. The Debtor intends to refinance in order to fund the balloon payments due at the end of the term of the Plan. The Debtor has no current financing commitment for this refinancing. However, given the Debtor’s operating history and banking relationships; and with four years of post-confirmation operating history, the Debtor anticipates that it will be able to refinance. A full-text copy of the First Amended Disclosure Statement dated March 31, 2026 is available at https://urlcurt.com/u?l=jYxIay from PacerMonitor.com at no charge. The Debtor's Counsel: Joseph Dicker, Esq. JOSEPH W DICKER PA 1406 West Lake Street Suite 209 Minneapolis, MN 55408 Tel: (612) 827-5941 E-mail: joe@joedickerlaw.com About Syagrus Systems, LLC Syagrus Systems, LLC provides silicon wafer backend processing services and die-sorting equipment manufacturing. Based in the Twin Cities of Minneapolis and St. Paul, Minnesota, the company offers capabilities such as ultra-thin wafer backgrinding, dicing, wafer bonding, and die sorting, as well as support for engineering runs and multi-die wafers. Syagrus Systems sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.Â D. Minn. Case No. 25-31901) on June 19, 2025. In its petition, the Debtor reported total assets of $476,000 and total liabilities of $4,502,535. Judge William J. Fisher handles the case. Joseph Dicker, Esq., at Joseph W. Dicker, PA, is the Debtor's legal counsel. North Star Bank, as secured creditor, is represented by: Jacob B. Sellers, Esq. Greenstein Sellers, PLLC 121 South 8th Street, Suite 1450 Minneapolis, MN 55402 Telephone: (612) 345-7492 E-mail: jacob@greensteinsellers.com T&T CONSTRUCTION: Initiates Chapter 7 Bankruptcy in California -------------------------------------------------------------- On April 4, 2026, T&T Construction filed for Chapter 7 protection in the Northern District of California. According to court filings, the debtor reports between $100,001 and $1,000,000 in liabilities owed to 1–49 creditors. About T&T Construction T&T Construction is a California-based company engaged in construction and contracting services. T&T Construction sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50535) on April 4, 2026. In its petition, the debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Stephen L. Johnson handles the case. T-4 FARM: Hires Brackett & Ellis P.C. as Special Counsel -------------------------------------------------------- T-4 Farm, LLC and affiliate seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Brackett & Ellis, P.C. as special counsel. The firm will provide legal representation to the Debtors with respect to pending as well as anticipated litigation filed by and against the Debtors. The firm will be paid at these rates: Joseph F. Cleveland $700 per hour Attorneys $275 to $700 per hour Paralegals $270 per hour The firm received from the Debtors a retainer in the amount of $129,385.81. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Cleveland disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph F. Cleveland Brackett & Ellis, P.C. 100 Main Street Forth Worth, TX 76102-3090 Tel: (817) 338-1700 Fax: (817) 870-2265 About T-4 Farm, LLC T-4 Farm, LLC owns and manages agricultural and ranch real estate in Tarrant County, Texas. The company's principal asset is a farm and ranch property located near Fort Worth that includes agricultural land, residential improvements, and facilities supporting livestock and recreational land uses. T-4 Farm, LLC in Fort Worth, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-40986) on March 3, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Gregory S. Thomas as managing member, signed the petition. ROCHELLE MCCULLOUGH, LLP serve as the Debtor's legal counsel. T-4 FARM: Hires Rochelle Mccullough LLP as Bankruptcy Counsel ------------------------------------------------------------- T-4 Farm, LLC and affiliate seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Rochelle Mccullough, LLP, as bankruptcy counsel. The firm's services include: a. advising the Debtors with respect to rights, powers and duties as Debtors continue to operate and manage the businesses of the Debtors; b. advising the Debtors concerning, and assisting in the negotiation and documentation of, agreements, debt restructuring, and related transactions; c. monitoring transactions proposed by the parties in interest during the course of this case and advising the Debtors regarding the same; d. reviewing the nature and validity of liens asserted against the property of the Debtors and advising the Debtors concerning the enforceability of such liens; e. advising the Debtors concerning the actions that might be taken to collect and to recover property for the benefit of the Debtors’ estates; f. reviewing and monitoring the Debtors’ ongoing business; g. preparing on behalf of the Debtors all necessary and appropriate applications, motions, pleadings, draft orders, notices and other documents, and reviewing all financial and other reports to be filed in this chapter 11 case; h. advising the Debtors concerning, and preparing responses to, applications, motions, pleadings, notices and other papers that may be filed and served in this chapter 11 case; i. advising the Debtors in connection with any suggested or proposed plans of reorganization; g. counseling the Debtors in connection with the formulation, negotiation and promulgation of a plan of reorganization; and h. performing all other legal services for and on behalf of the Debtors that may be necessary or appropriate in the administration of this chapter 11 case. The firm will be paid at these rates: Partners $550 to 900 per hour Associates $350 to 475 per hour Paraprofessionals $225 per hour The firm received from the Debtor a retainer of $73,214. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Postnikoff disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph F. Postnikoff, Esq. ROCHELLE MCCULLOUGH, LLP 300 Throckmorton Street, Suite 520 Fort Worth, TX 76102 Telephone: (817) 347-5261 Facsimile: (817) 347-5269 Email: jpostnikoff@romclaw.com About T-4 Farm, LLC T-4 Farm, LLC owns and manages agricultural and ranch real estate in Tarrant County, Texas. The company's principal asset is a farm and ranch property located near Fort Worth that includes agricultural land, residential improvements, and facilities supporting livestock and recreational land uses. T-4 Farm, LLC in Fort Worth, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-40986) on March 3, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Gregory S. Thomas as managing member, signed the petition. ROCHELLE MCCULLOUGH, LLP serve as the Debtor's legal counsel. TAVERN BAR: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, granted The Tavern Bar & Tacos, LLC interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to pay necessary operating expenses under an approved budget, with flexibility of up to 10% per line item. Additional spending requires creditor consent or court approval. This authorization remains in effect through May 7, unless extended by agreement of the parties. As protection, secured creditors will be granted replacement liens on post-petition cash collateral with the same priority and validity as their pre-petition liens. The Debtor must also comply with all bankruptcy obligations, including filing monthly operating reports and maintaining proper insurance coverage. The order preserves all parties' rights to seek changes or challenge terms later, and the Court retains jurisdiction to enforce it. A continued hearing is scheduled for May 7. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/75ZkZ from PacerMonitor.com. About Tavern Bar & Tacos LLC The Tavern Bar & Tacos, LLC is a Florida for-profit corporation that operates a restaurant and bar under the name Tavern Orlando. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:26-bk-01318) on February 26, 2026. In the petition signed by Eddie J. Santiago, managing member, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. L. William Porter III, Esq., at Latham Luna Eden & Beaudine LLP, represents the Debtor as legal counsel. THOMAS TRIO: Hearing Today on Bid to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division is set to hold a hearing today to consider extending The Thomas Trio, LLC's authority to use cash collateral. The Debtor was previously allowed to access cash collateral under the court's March 31 interim order. The interim order approved the payment of expenses from the cash collateral in accordance with the Debtor's budget and granted each secured creditor a perfected post-petition lien on the cash collateral to the same extent and with the same validity and priority as the pre-petition lien. A copy of the court's order and the Debtor's budget is available at http://urlcurt.com/u?l=WqgJXKfrom PacerMonitor.com. About The Thomas Trio LLC The Thomas Trio LLC, based in Zephyrhills, Florida, operates three franchise territories under the Mr. Electric brand: Mr. Electric of Land O' Lakes, Mr. Electric of Lakeland and Mr. Electric of Roswell - Alpharetta, providing electrical installation and repair services to residential and commercial customers. The company maintains franchise relationships with Neighborly and holds separate franchise obligations tied to territories including Land O Lakes, Lakeland, Riverview and Roswell. The Thomas Trio LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02189) on March 20, 2026. In its petition, signed by Melissa Thomas, president, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler, P.A. THREE OAKS: Seeks to Hire Thomas Judy & Tucker PA as Accountant --------------------------------------------------------------- Three Oaks Behavioral Health & Wellness, PLLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Thomas, Judy & Tucker, P.A. as accountant. The Debtor wishes to employ the Firm for two distinct services: first, to complete its 2025 tax return and render associated end-of-year accounting services, and second, to provide the Debtor with ongoing accountant and bookkeeping services. For tax services, the accountant shall bill a flat fee of $6,000. For accounting/bookkeeping services, the accountant shall bill at rates ranging from $75 per hour to $160 per hour for Accountants and staff employed by the firm. Shannon Berry of Thomas, Judy & Tucker, P.A. disclosed in the court filings that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Shannon Berry, CPA Thomas, Judy & Tucker, P.A. 4700 Falls of Neuse Rd STE: 400 Raleigh, NC 27609 Phone: (919) 571-7055 About Three Oaks Behavioral Health & Wellness, PLLC Based in Raleigh, North Carolina, Three Oaks Behavioral Health & Wellness, PLLC operates multiple clinics in the Raleigh-Durham area providing individual, family, and couples therapy, psychological assessments, and specialized programs such as Eye Movement Desensitization and Reprocessing and Dialectical Behavior Therapy, focusing on evidence-based, client-centered care for emotional, psychological, and relational needs. Three Oaks Behavioral Health & Wellness, PLLC in Raleigh, NC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.C. Case No. 26-01207) on March 16, 2026, listing $424,587 in assets and $3,045,036 in liabilities. Casie Hall as manager, signed the petition. Judge Joseph N. Callaway oversees the case. HENDREN, REDWINE & MALONE, PLLC serve as the Debtor's legal counsel. TLC OPERATIONS: Hires Jennings Realty Inc. as Real Estate Broker ---------------------------------------------------------------- TLC Operations LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Jennings Realty Inc. as real estate broker. The firm will market and sell the Debtor's property located at 6807 S. May Street, Chicago, Illinois. The firm will be paid a commission of five percent of the sales price. Mr. Cohen disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Alfred Cohen Jennings Realty Inc. Glencoe, IL 60022 Phone: (847) 275-6629 About TLC Operations LLC TLC Operations, LLC holds multiple residential rental properties located throughout the Chicago metropolitan region. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00760) on January 16, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Luster Lockhart, manager, signed the petition. Judge Timothy A. Barnes presides over the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the Debtor as legal counsel. TRAVERSE MIDSTREAM: S&P Upgrades ICR to 'BB-' on Debt Reduction --------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on Traverse Midstream Partners LLC (Traverse) to 'BB-' from 'B+'. At the same time, S&P assigned its 'BB-' issue-level rating and '3' recovery rating to the proposed senior secured term loan B (TLB). The stable outlook reflects S&P's expectation that Traverse will maintain its interest coverage above 3.0x over the forecast period. On March 30, 2026, E Point Zero Holding RSC Ltd. (ePointZero) signed a definitive agreement to acquire 100% of Traverse from The Energy & Minerals Group. Concurrent with the transaction, Traverse will issue a new $1.1 billion seven-year senior secured term loan B (TLB) that, together with the $1.15 billion cash equity contribution from ePointZero, will fund the purchase price and refinance the existing capital structure. The sale to ePointZero has no impact on Traverse's fundamental business or governance rights over its underlying assets. Traverse continues to operate as a holding company that owns a 35% equity interest in Rover Pipeline LLC (Rover) and a 25% equity interest in Ohio River System LLC (ORS), and relies solely on distributions from its noncontrolling equity interests to service its debt. There are no changes to the governance framework of Rover or ORS. Traverse has substantial governance rights over Rover, including the right to veto any changes to its distribution policy and incurrence of debt above a certain threshold. S&P said, "That said, we do not expect Rover will incur any debt. In addition, Rover is required to distribute its free cash flow to Traverse and other owners (BCP Renaissance Parent LLC and Energy Transfer L.P.). Although Traverse's governance rights over ORS are not as strong, our assessment of its corporate governance and financial policy remains positive because ORS accounts for less than 20% of cash flows." Debt reduction from the refinancing of its term loan improves Traverse's credit metrics. S&P said, "We evaluate Traverse's financial metrics on a stand-alone basis, where we define the debt as the senior secured TLB and the revolving credit facility (RCF), if any, at the Traverse level, and the EBITDA as the net distribution received from Rover and ORS. Because of the highly contracted cash flow from Rover and ORS, which will subsequently support distributions to Traverse, we expect Traverse's credit metrics will be steady during the forecast period. We forecast Traverse's interest coverage will be 2.9x in 2026 and 3.3x in 2027 and onward, and the debt-to-EBITDA ratio will be 5.9x in 2026 and 5.4x in 2027 and onward. Given interest coverage will be sustained above 3.0x, we revised the financial ratios assessment to neutral from negative and removed the previously applied rating cap." S&P said, "We expect Traverse will continue to receive stable distributions from Rover and ORS during the forecast period. We expect that 80% of Traverse's cash flow will be generated from Rover and 20% from ORS during the forecast period. Rover is a 719-mile Federal Energy Regulatory Commission-regulated interstate gas pipeline with nameplate capacity of 3.43 billion cubic feet per day (bcf/d). About 90%-95% of Rover's capacity is contracted with major Marcellus and Utica producers via take-or-pay contracts with minimum volume commitments that have a remaining weighted-average contract life of 10.5 years. About half of Rover's throughput volumes are contracted with investment-grade shippers. Energy Transfer L.P. manages and operates both Rover and ORS. There is no debt at either operating entity and maintenance capital expenditure (capex) is minimal, which allows Traverse to benefit from a predictable dividend from the two operating entities. These characteristics support our positive assessment of cash flow stability. "The stable outlook reflects our expectations that Traverse will maintain its debt-to-EBITDA ratio at about 5.4x over the long term, primarily spurred by the stable cash flows generated from Rover and ORS. We also expect interest coverage will sustain above 3.0x during the forecast period. "We could lower the rating on Traverse if we expect interest coverage will sustain below 3.0x. This could happen if interest rates increase significantly or cash flows from Rover or ORS lessen. "Although unlikely in the next 12 months, we could take a positive rating action if debt to EBITDA is sustained below 4.0x." TRUMBULL LLC: S&P Assigns Prelim 'BB-' Rating on $625MM Term Loan ----------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' preliminary rating and '2' recovery rating to Clean Energy Future – Trumbull LLC's $625 million senior secured term loan B (TLB). Trumbull proposes to use the proceeds from the six-year $200 million term loan A (TLA; not rated), seven-year $625 million term loan B (TLB), $30 million revolving credit facility (RCF; not rated), and $50 million of letter of credit facilities (LOC; not rated) to repay existing debt, fund operation and liquidity reserves, and pay transaction fee with no distribution to sponsors. The absence of an operating track record represents the chief idiosyncratic risk. At high leverage of $878 per kilowatt (/kW), the path to deleveraging is highly dependent on stable operations following its April 2026 commercial operation date (COD). At the same time, S&P believes the five-year revenue put with favorable strike will provide meaningful backstops against merchant energy market volatility for the next five years. Based on S&P's view of industry factors and market-driven variables, such as power demand and the pace and magnitude of the retirement of uneconomical units, as well as commodity and capacity pricing, we forecast a minimum debt service coverage ratio (DSCR) of 1.53x and a median DSCR of 1.54x for Trumbull during its asset life to 2048 S&P said, "The '2' recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 70%) recovery in a default scenario. "The stable outlook reflects our expectation of a five-year ramp-up period from 60% capacity factor to above 70%, as well as spark spreads in the high teens over the coming year that leaves the revenue put mostly out-of-money. Based on these assumptions, we project a total TLB balance of about $400 million at maturity in 2033." Trumbull owns a 940-megawatt (MW) natural gas-fired combined cycle power generation (CCGT) facility located in Lordstown, Ohio within the PJM ATSI Zone, the newest baseload CCGT in PJM. It reached substantial completion in December 2025, COD in April 2026, and utilizes best-in-class SE HClass technology enabling it to achieve what is expected to be one of the lowest heat rates in PJM. The asset is sponsored by Korea Southern Power Co. (KOSPO; 56.23%), Siemens Energy (SE; 26.99%) and Korea Overseas Infrastructure and Urban Development Corp. (KIND; 16.78%). The sponsor SE also provides long-term operation and maintenance service to the project. Firm gas transportation and interconnect are contracted with Enbridge via Tennessee Gas Pipeline Zone 4 (TGP Z4) and energy management contracted with NextEra Energy. Proceeds from the proposed transaction will refinance existing debt at a leverage higher than peers, anchored by a five-year revenue put that establishes a net energy margin floor. Trumbull proposes to use the proceeds from the six-year $200 million TLA (not rated) and seven-year $625 million TLB (rated) to repay existing debt, fund operation and liquidity reserves, and pay transaction fee with no distribution to the sponsors. Both the TLA and TLB are subject to 1% amortization and favorable cash sweep mechanism of 75% if leverage ratio is above 4.0x, 50% if leverage is between 4.0x to 2.5x, and 25% if leverage is below 2.5x. TLA has lower price than TLB, and will receive all the sweeps until its full repayment before TLB can receive any sweeps. S&P forecasts TLA to be fully repaid by December 2029 under 75% sweeps with no refinancing risk and hence view the structure as credit neutral. While the project's leverage of $878/kW well exceeds the PJM peers', the debt profile is supported by a five-year revenue put with BP Energy Inc. This agreement establishes a $22.5 million quarterly strike price on net energy margins (subject to true-up), providing a structural floor that complements current capacity market tailwinds. Although the strike is projected to remain out-of-the-money under base-case assumptions, the downside protection remains a meaningful cash flow profile enhancement. Trumbull is the newest CCGT addition to PJM and has yet to establish an operation track record. Trumbull achieved substantial completion in December 2025 with COD in April 2026. During that time, Trumbull operated on 1x1 configuration with capacity factor around 40% with benign punch list result. S&P said, "We note CCGTs in ramp up phase are more susceptible to mechanical issue discovery and asset-specific issues. Trumbull specifically needed to perform construction upgrade on City of Warren water filtration plant to enable its full 2x1 utilization. Post COD and water filtration plant upgrade completion in April, we expect capacity factor to be between 60% and 70% during the first three years of ramp up and achieve 75% within first five years. This results in average asset life capacity factor of 65% with average spark spread of $14/MWh. We assume asset life to 2048, consistent with efficient CCGT peers in Ohio." Should Trumbull experience unmitigated outage events during the ramp up phase, operations assumptions will be revisited accordingly. The sponsors' and contractors' experience provide a degree of mitigation against execution risks. All three sponsors have deep global expertise in developing and operating CCGTs like Trumbull, which is a positive factor in operation and financial management. SE, the technology and O&M provider, has material ownership in Trumbull. It also provides guarantees for scheduled outage durations and response times and guarantees the maximum level of performance degradation experienced by the facility. KOSPO and KIND combined own more than 14 GW of thermal power globally with substantial operations track record. At the same time, NextEra Energy Marketing and Enbridge provide energy marketing and firm fuel transportation for Trumbull. S&P views the depth of experience as a partial mitigation against operation risks. Trumbull is also building a liquidity cushion to mitigate operation risks. Debt amortization and sweeps will start in the fourth quarter of 2026, preserving cash within Trumbull between April to September. For the first year after transaction closes, Trumbull will hold a liquidity reserve account for up to $30 million, $11 million will be cash funded. A liquidity-holdback account of up to $10 million will be funded with operating cash during the debt tenor in addition to a six-month debt service reserve. In the scenario of unfavorable market conditions, the quarterly settlement from the revenue put will also provide some level of liquidity cushion. S&P views these liquidity preservation measure as credit supportive for ramp-up phase. Forecasted DSCRs are robust during the debt tenor, with minimum DSCR of 1.53x in the post-refinancing period. S&P said, "Given the unique structure of the project, we separate our assessment into two phases: the term loan phase with revenue put in place and the post-refinancing phase. DSCR is largely above 2.0x during the term loan phase, and the revenue put rarely exercised. The project is more resilient in market downturn as result of the liquidity preservation measures and the 5-year revenue put. We expect about $400 million of TLB outstanding at debt maturity." S&P said, "Minimum DSCR of 1.53x occurs in the post-refinancing phase with median DSCR of 1.54x. In this phase, we assume renewable power technology advancement and penetration will result in CCGTs acting as peaking facilities with lower capacity factor. We also assume a fully amortizing debt structure from 2033 to 2048, although the sponsor could choose different refinancing alternatives. "The stable outlook reflects our expectation Trumbull would generate at least a minimum DSCR of 1.53x through the project's life, which includes the post-refinancing period (2033-2048). Based on our review of the current market environment, we project a TLB balance of about $400 million at maturity in 2033. "We would take negative rating action if Trumbull were to experience unmitigated outage events during the ramp up years or the project is unable to sustain a minimum DSCR of 1.35x." This could occur if: -- Unplanned outages significantly affect plant operations, quarterly revenue put settlements, and restricting the qualified capacity in the PJM capacity market; -- Higher-than-expected operating costs and major maintenance expenses leading to reduced cash flows; -- Economic factors cause the power plants to dispatch significantly less than our base-case expectation; or -- Debt paydown is substantially lower than S&P expects, leading to higher-than-expected debt balance at maturity. S&P said, "Although unlikely, we could raise the rating if we expect the project will maintain a minimum base-case DSCR above 1.80x in all years, including the post-refinancing period. We would also need to believe the issuer will adequately mitigate operational risks and achieve sufficient performance track record." TUPPERWARE BRANDS: Gets $22MM Investor Deal Final Court Approval ---------------------------------------------------------------- Gillian R. Brassil of Bloomberg Law reports that a federal court has granted final approval to a nearly $21.8 million settlement between Tupperware Brands Corp. investors and former company executives, resolving allegations that the company misled shareholders about its turnaround strategy ahead of disappointing financial results. The decision concludes the securities dispute. Magistrate Judge Leslie Hoffman Price approved the fee arrangement, awarding plaintiffs' counsel more than $7.26 million, representing one-third of the settlement fund, along with approximately $431,000 in expenses. The court found the amounts consistent with standard class action recoveries, the report states. The order also provides $15,000 payments to each of the lead plaintiffs for their participation in the case. The judge said the awards were justified in light of their contributions to the litigation process. Tupperware had already been dropped from the suit following a procedural stay, leaving the settlement to resolve the remaining investor claims against the other defendants, according to Bloomberg. About Tupperware Brands Tupperware Brands Corporation (NYSE: TUP) --https://www.tupperwarebrands.com/ -- is a global consumer products company that designs innovative, functional, and environmentally responsible products. Founded in 1946, Tupperware's signature container created the modern food storage category that revolutionized the way the world stores, serves, and prepares food. Today, this iconic brand has more than 8,500 functional design and utility patents for solution-oriented kitchen and home products. The company distributes its products into nearly 70 countries, primarily through independent representatives around the world. Tupperware Brands sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-12166) on Sept. 17, 2024. In the bankruptcy petition, Tupperware reported more than $1.2 billion in total debts and $679.5 million in total assets. Kirkland & Ellis LLP is serving as legal advisor to Tupperware, Moelis & Company LLC is serving as the Company's investment banker, and Alvarez & Marsal is serving as the Company's financial and restructuring advisor. Epiq is the claims agent and has put up the page https://dm.epiq11.com/Tupperware UG PROPERTIES: Case Summary & Four Unsecured Creditors ------------------------------------------------------ Debtor: UG Properties, LLC 504 West 800 North Orem, UT 84057 Business Description: UG Properties, LLC owns fee simple interests in properties in Brigham City, Utah, Inglewood, California, and Bell Gardens, California. Chapter 11 Petition Date: April 9, 2026 Court: United States Bankruptcy Court District of Utah Case No.: 26-22008 Judge: Hon. Michael F Thomson Debtor's Counsel: Brett Weiss, Esq. THE WEISS LAW GROUP 8843 Greenbelt Road 299 Greenbelt MD 20770 Tel: (301) 924-4400 Email: brett@BankruptcyLawMaryland.com Total Assets: $15,150,000 Total Liabilities: $14,178,650 The petition was signed by Virginia Murrillo as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GDJ2D7I/UT_Properties_LLC__utbke-26-22008__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Four Unsecured Creditors: Entity Nature of Claim Claim Amount 1. PMF CA REIT, LLC Mortgage $1,800,000 2586 Calabasas Road Calabasas, CA 91302 2. KIP DR EREO, LLC Mortgage $860,000 10960 Wilshire Boulevard 150 Los Angeles, CA 90024 3. Larchmont Properties $73,800 4. Pius Felix, Inc. $64,850 2017 W Carolyn Place Long Beach, CA 90810 UNIVERSAL AIR: Court Extends Cash Collateral Access to May 6 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, issued a second interim order authorizing Universal Air Conditioning Lee Corp. to use cash collateral on an interim basis. The court authorized the Debtor to use cash collateral through May 6 according to an approved interim budget. During this period, the Debtor may deposit all post-petition income into its debtor-in-possession bank account and use those funds to pay ordinary business and administrative expenses necessary for ongoing operations. The Debtor may vary spending within the budget by up to 10% per line item or 10% overall, unless otherwise approved by the court or agreed to by the parties. To protect their interests, secured lenders including ByzFunder, LLC, ACS Asset Holdings, LLC, RDM Capital Funding, LLC, and Fuji Funding, LLC will be granted replacement liens to the extent they hold valid pre-petition liens. These replacement liens maintain the same priority and validity as the lenders' original security interests and serve as protection against any decline in the value of their collateral during the Debtor's use of funds. The order also requires the Debtor to include payments for statutory court and trustee fees in its budget and prohibits payment of professional fees unless separately approved by the court. Before the next hearing, the Debtor must submit a variance report comparing projected and actual financial results and provide an updated budget. A continued hearing is scheduled for May 6. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/0U8K3 from PacerMonitor.com. About Universal Air Conditioning Lee Corp. Universal Air Conditioning Lee Corp. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00048) on January 9, 2026, with $100,001 to $500,000 in both assets and liabilities. Chad T. Van Horn, Esq. at Van Horn Law Group PA represents the Debtor as legal counsel. UT PROPERTIES: Seeks Chapter 11 Bankruptcy in Utah -------------------------------------------------- On April 09, 2026, UT Properties, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Utah. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to 1–49 creditors. About UT Properties, LLC UT Properties, LLC is a limited liability company engaged in real estate investment, ownership, and management activities. UT Properties, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22008) on April 09, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Michael F. Thomson handles the case. The Debtor is represented by Chip Earl Warren Parker, Jr. of Blue Bee Law PC. VANDERBILT MINERALS: Creditors Object to Parent's Liability Release ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that the junior creditors of Vanderbilt Minerals LLC, along with the Justice Department's bankruptcy watchdog, have pushed back against a proposed settlement with parent company R.T. Vanderbilt Holding Co., saying it would give away valuable estate claims for no return. The dispute centers on whether the releases are justified under the circumstances. According to a Wednesday, April 8, 2026, filing in New York bankruptcy court, the unsecured creditors' committee argued that the Vanderbilt family and its affiliate are seeking to insulate themselves from liability through what it described as a one-sided deal. The committee said the estate would receive nothing in exchange for broad protections. The objections highlight concerns over potential environmental liabilities and other claims that could yield recoveries for creditors if pursued. The committee warned that extinguishing those claims prematurely would deprive stakeholders of potential value, the report relays. Calling the proposed settlement deeply flawed, the committee said it represents an extreme example of a company attempting to sidestep responsibility for foreseeable environmental obligations. The objectors urged the court to deny approval of the agreement, according to Bloomberg Law. About Vanderbilt Minerals LLC Vanderbilt Minerals, LLC supplies mineral and chemical products. The Company offers ceramics, clay binders, mineral fillers, floor finishes, paints, concrete, and lubricants. Vanderbilt Minerals serves rubber, plastics, petroleum, paper, pharmaceutical, agricultural, ceramics, adhesives, wire and cable, and cosmetics industries worldwide. Vanderbilt Minerals sought sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-60110 (WAK)) on February 16, 2026) Charles J. Sullivan at Bond, Schoeneck & King, PLLC represents the Debtor as legal counsel. Kurtzman Carson Consultants, LLC (operating as Verita Global, LLC) serves as claims agent. R.T. Vanderbilt Holding Company, Inc. is the sole equity holder, owning 100% of the company. VELCHOFF'S CORNER: Hires Latham Luna Eden as Bankruptcy Counsel --------------------------------------------------------------- Velchoff's Corner, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Latham, Luna, Eden & Beaudine, LLP, as its bankruptcy counsel. The firm will render these services: (a) advise the Debtor of its rights and duties in this Chapter 11 case; (b) prepare pleadings related to this case; and (c) take any and all other necessary action incident to the proper preservation and administration of this estate. The firm will be paid at these hourly rates: Daniel Velasquez, Attorney $495 Other Attorneys $275 - $495 Junior Paraprofessionals $105 Prior to the commencement of this case, the Debtor paid an advance fee of $26,738 for services and expenses to be incurred in connection with this case. Mr. Velasquez 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: Daniel Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.com About Velchoff's Corner LLC Velchoff's Corner, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01179) on March 20, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Daniel A. Velasquez, Esq., at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. VICTORY TEMPLE: Seeks to Hire Johnson & Johnson PC as Counsel ------------------------------------------------------------- Victory Temple Church of Abundant Life & Facilities seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to hire Johnson & Johnson, P.C. as counsel. The firm's services include: a. advising the Debtor with respect to its powers and duties as Debtor-in-Possession in the continued operation of its business and management of its property; b. assisting the Debtor in the preparation of its statement of financial affairs, schedules, statement of executory contracts and unexpired leases, and any papers or pleadings, or any amendments thereto that the Debtor is required to file in these cases; c. representing the Debtor in any proceeding that is instituted to reclaim property or obtain relief from the automatic stay imposed by Section 362 of the Bankruptcy Code or that seeks the turnover or recovery of property; d. providing assistance, advice and representation concerning the formulation, negotiation and confirmation of a Plan of Reorganization; e. providing assistance, advice and representation concerning any investigation of the assets, liabilities and financial condition of the Debtor that may be required; f. representing Debtor at hearings or matters pertaining to affairs as Debtor-In-Possession; g. prosecuting and defending litigation matters and such other matters that might arise during and related to these Chapter 11 cases; h. providing counseling and representation with respect to the assumption or rejection of executory contracts and leases and other bankruptcy-related matters arising from these cases; i. representing the Debtor in matters that may arise in connection with its business operations, its financial and legal affairs, its dealings with creditors and other parties-in-interest and any other matters, which may arise during the bankruptcy case; j. rendering advice with respect to the myriad of general corporate and litigation issues relating to these cases, including, but not limited to, health care, ERISA, corporate finance, commercial matters; and assisting Debtor in connection with any necessary application, orders, reports or legal papers and to appear on behalf of the Debtor in proceedings instituted by or against the Debtor; and k. performing such other legal services as may be necessary and appropriate for the efficient and economical administration of these Chapter 11 cases. The firm will be paid at these rates: Curtis D. Johnson, Jr. $400 per hour Florence M. Johnson $400 per hour Johnson & Johnson will seek reimbursement of actual, necessary expenses incurred. As disclosed in the court filings, Johnson & Johnson is a "disinterested person" within the meaning of the Section 101(4) of the Bankruptcy Code. The firm can be reached through: Curtis D. Johnson, Jr., Esq. Johnson & Johnson, P.C. Suite 1002, 1407 Union Avenue Memphis, TN 38104 Telephone: (901) 725-7520 About Victory Temple Church of Abundant Life & Facilities Victory Temple Church of Abundant Life & Facilities sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-21559) on March 17, 2026, listing up to $50,000 in both assets and liabilities. Judge M Ruthie Hagan presides over the case. Curtis D. Johnson, Jr., Esq. at Law Office Of Johnson And Brown, P.C. serves as the Debtor's counsel. VILLAGE HOMES: To Sell Aledo Lots to Jobe Homes for $500K --------------------------------------------------------- Village Homes, L.P. seeks permission from the U.S. Bankruptcy Court for the Northern District of Texas, Forth Worth Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Texas limited partnership formed in 1996. The Debtor's general partner is DH Management, Inc., a Texas corporation, which holds a 1% general partner interest. The Debtor has two limited partners: Michael Dike and James R. Harris. The Debtor is engaged in the construction of single-family homes, acquisition of single-family residential lots and options to acquire lots, and in the marketing and sale of the completed homes. The Debtor's properties are located in various subdivisions in Tarrant and Parker Counties, Texas. As of the Petition Date, the Debtor has in its portfolio approximately 117 single family real property lots. Some of those Lots have completed Single-Family Homes on them, some have homes under construction, but the majority are vacant Lots. To finance its homebuilding operations, the Debtor maintains various credit and borrowing facilities with several financial institutions including Great Plains Bank, PlainsCapital Bank, Simmons Bank, Texas Bank, Valliance Bank, Huntington Bank (f/k/a Veritex Community Bank), and Worthington Bank. The Lenders are granted liens in the Lots for which they make advances for the acquisition thereof or for construction of homes, or both. The Debtor entered into an Unimproved Property Contract with Jobe Homes for the sale of three vacant lots located in Aledo, Texas. The Three Lots are part of the Contract Lots that were proposed to be sold to VilHom under the Asset Sale Contract and are thus included in the Lis Pendens. Jobe Homes proposes to purchase the Three Lots with the street addresses: -- 715 Blackbird Drive -- 719 Blackbird Drive; and -- 613 Hummingbird Drive. The sale price for the Three Lots combined is $500,000. Jobe Homes is not an insider of the Debtor and the terms of the proposed sale of the Three Lots to Jobe Homes were conducted at arms-length. Jobe Homes' proposed purchase of the Three Lots is proposed in good faith and at arms-length and the Debtor believes the value to be given by Jobe Homes in the form of the sale price under the Lot Contract is reasonable for similar transactions. The Huntington National Bank, f/k/a Veritex Community Bank financed the acquisition of Three Lots. Each of the Three Lots is pledged to Huntington Bank to secure the acquisition loans advanced by Huntington Bank. In the normal course of business, when a property is sold, at closing of such sale, the Prepetition Lender who advanced funds related to the property sold would be paid in full the outstanding balance of the loan(s) advanced for that property in exchange for the Prepetition Lender releasing its deed of trust. Because Huntington Bank's liens are adequately protected by the Release Price being deposited into the Segregated Account until further order of the Court, with additional monthly interest being paid into the Segregated Account, the Debtor seeks entry of an order requiring that Huntington Bank release the Blackbird DOT and the Hummingbird DOT so to allow the Debtor to transfer and convey clean titles to Jobe Homes. About Village Homes for Fort Worth Village Homes for Fort Worth was established in 1996 and has grown into a trusted homebuilder in Fort Worth, Texas, known for its inspired designs and dedication to quality. With almost three decades of experience, the company has fulfilled the dreams of over 1,500 homeowners while collaborating closely with the region's top architects, craftsmen, and vendors. KC 117 LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on October 1, 2025. Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents as legal counsel of the Debtor. VIRIDIS CHEMICAL: April 27, 2026 Bid Submission Deadline Set ------------------------------------------------------------ In re VIRIDIS CHEMICAL, LLC, et al. (Bankr. S.D. Tex. Lead Case No. 26-90393), on March 8, 2026, the debtors and debtors in possession (the "Debtors") filed the Motion of Debtors for Entry of Orders (A) Approving (I) Bidding Procedures, (II) Certain Bid Protections in Connection With A Stalking Horse Agreement, if Any, (III) Form and Manner of Notice of Sale, Auction, and Sale Hearing, and (IV) Assumption and Assignment Procedures; (B) Scheduling Auction, Sale Hearing, and Related Deadlines; (C) Approving (I) Sale Of Substantially All of Debtors' Assets Free and Clear of Liens, Claims, Interests, and Encumbrances, and (II) Assumption and Assignment of Executory Contracts and Unexpired Leases; and (D) Granting Related Relief (the "Bidding Procedures Motion"). On April 1, 2026, the United States Bankruptcy Court for the Southern District of Texas (the "Court") entered an order (the "Bidding Procedures Order") approving, among other things, the Bidding Procedures, which establishes the key dates and times related the sale of all or substantially all of the Debtors' assets (the "Assets"), including an Auction (if necessary) and a Sale Hearing. All interested bidders should carefully read the Bidding Procedures Order and the Bidding Procedures in their entirety. Important Dates and Deadlines * Indication of Interest Deadline. Any person or entity interested in bidding on any of the Assets must submit a non-binding indication of interest ("Indication of Interest") on or before April 15, 2026 at 5:00 p.m. (prevailing Central Time) (the "IOI Deadline"). * Bid Deadline. Any person or entity interested in bidding on any of the Assets must submit a Qualified Bid on or before April 27, 2026 at 5:00 p.m. (prevailing Central Time) (the "Bid Deadline"). * Auction. If the Debtors receive more than one Qualified Bid for any of the Assets, the Debtors will conduct the Auction, which has been scheduled for April 29, 2026 at 9:00 a.m. (prevailing Central Time) either (a) the offices of Vinson & Elkins LLP, 845 Texas Avenue, Suite 4700, Houston, Texas 77002, (b) virtually, or (c) at such later date and time and such other location as selected by the Debtors in accordance with the Bidding Procedures. * Sale Objection Deadline. Objections to any Sale Transactions, including any objection to (i) the sale of the Assets free and clear of all liens, claims, interests, and encumbrances pursuant to section 363(f) of the Bankruptcy Code, (ii) any objection with respect to the conduct of the Auction and/or the Successful Bidder or Back-Up Bidder, or (iii) entry of the Sale Order (each such objection, a "Sale Objection"), must be (a) filed with the Court in accordance with the Bidding Procedures and (b) served on the Objection Notice Parties (as defined herein) on or before May 5, 2026 at 5:00 p.m. (prevailing Central Time) (the "Sale Objection Deadline"). * Sale Hearing. A hearing to approve and authorize the sale of any of the Assets to one or more Winning Bidders will be held before the Court on or before May 8, 2026 at 11:00 a.m. (prevailing Central Time) or such other date as determined by the Court. Sale Objections, if any, must (a) be in writing, (b) state, with specificity, the legal and factual bases thereof, (c) comply with the Bankruptcy Code, Bankruptcy Rules, and Local Rules, (d) be filed with the Court by no later than the Sale Objection Deadline, and (e) be served on: (i) counsel to the Debtors, Vinson & Elkins LLP, 2001 Ross Avenue, Suite 3900, Dallas, Texas 75201, Attn: Matthew D. Struble and 1114 Avenue of the Americas, 32nd Floor New York, New York 10036, Attn: George R. Howard; (ii) counsel to the Majority Secured Noteholder, Haynes Boone, LLP, 2801 N Harwood St Suite 2300, Dallas, TX 75201, Attn: Ian Peck and Jordan Chavez; (iii) the Office of the United States Trustee for the Southern District of Texas, 515 Rusk Street, Suite 3516, Houston, Texas 77002, Attn: Jayson Ruff and Jana Whitworth; and (iv) counsel to the official committee of unsecured creditors (if any) appointed in these chapter 11 cases, (the "Objection Notice Parties"). The Bidding Procedures set forth the requirements for becoming a Qualified Bidder and submitting a Qualified Bid, and any party interested in making an offer to purchase the Assets must comply with the Bidding Procedures. Only Qualified Bids will be considered by the Debtors, in accordance with the Bidding Procedures. Any party interested in submitting an Indication of Interest and Qualified Bid should contact the Debtors' advisors: (a) Vinson & Elkins LLP, 2001 Ross Avenue, Suite 3900, Dallas, Texas 75201, Attn: Matthew D. Struble (mstruble@velaw.com) and 1114 Avenue of the Americas, 32nd Floor New York, New York 10036, Attn: George R. Howard (ghoward@velaw.com), or (b) Carl Marks Advisory Group LLC, 900 Third Avenue, 10th Floor, New York, NY 10022 Attn: Brian Williams (bwilliams@thecmagroup.com) and Ben Godbout (bgodbout@thecmagroup.com). Proposed Counsel to the Debtors and Debtors in Possession: Paul E. Heath (TX 09355050) Abigail R. Emery (TX 24133039) VINSON & ELKINS LLP 845 Texas Avenue, Suite 4700 Houston, TX 77002 Tel: 713-758-2222 Fax: 713-758-2346 Email: pheath@velaw.com aemery@velaw.com - and - Matthew D. Struble, Esq. VINSON & ELKINS LLP 2001 Ross Avenue, Suite 3900 Dallas, Texas 75201 Tel: 214-220-7700 Fax: 214-220-7716 Email: mstruble@velaw.com - and - George R. Howard, Esq. Emily C. Jungwirth, Esq. VINSON & ELKINS LLP 1114 Avenue of the Americas, 32nd Floor New York, NY 10036 Tel: 212-237-0000 Fax: 212-237-0100 Email: ghoward@velaw.com ejungwirth@velaw.com About Viridis Chemical LLC Viridis Chemical, LLC is a bio-based chemical technology company in Kingwood, Texas. Viridis Chemical and four affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90393) on March 8, 2026. In its petition, Viridis Chemical reported $10 million to $50 million in both assets and liabilities. Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors are represented by Paul E. Heath, Esq., and Matthew David Struble, Esq., at Vinson & Elkins, LLP; Carl Marks Advisory Group, LLC as investment banker and financial advisor; and Epiq Corporate Restructuring, LLC as notice, claims and solicitation agent. VIRIDIS CHEMICAL: Hires Vinson & Elkins LLP as Bankruptcy Counsel ----------------------------------------------------------------- Viridis Chemical, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Vinson & Elkins LLP as counsel. The firm will provide these services: a. provide legal advice with respect to the Debtors' powers and duties as debtors in possession in the operation of their businesses and the management of estate property; b. advise and consult on the conduct of the Chapter 11 cases, including all of the legal and administrative requirements of operating in Chapter 11; c. attend meetings and negotiations with representatives of creditors and other parties in interest; d. prepare substantially all necessary motions, answers, orders, reports, and other legal papers on the Debtors' behalf in connection with the administration of their bankruptcy estates; e. advise the Debtors in connection with any potential sale(s) of assets and take necessary action(s) to guide the Debtors through such potential sale(s); f. advise the Debtors regarding tax matters; g. take all necessary actions to protect and preserve the Debtors' estates, including the prosecution of actions on the Debtors' behalf, defense of any action commenced against the Debtors, and representation of the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; h. analyze proofs of claim that may be filed against the Debtors and potential objections to such claims; i. represent the Debtors in connection with negotiating the terms of potential financing during the Chapter 11 cases and obtaining authority for debtor-in-possession financing and the continued use of cash collateral; j. analyze certain executory contracts and unexpired leases and potential assumptions, assignments, or rejections of such contracts and leases; k. advise the Debtors with respect to corporate and certain litigation matters, including discovery requests, and matters related to the Bankruptcy Code's automatic stay as well as compliance with non-bankruptcy law; l. consult with the U.S. Trustee, the Committee, any other committees that may be appointed in these Chapter 11 cases, and all other creditors and parties in interest concerning the administration of these Chapter 11 cases; m. take action on the Debtors' behalf to obtain approval of a disclosure statement and confirmation of a Chapter 11 plan; n. appear before the Court and any appellate courts to represent the interests of the Debtors' estates; and o. provide representation and all other legal services required by the Debtors in discharging their duties as debtors in possession or otherwise in connection with these Chapter 11 cases. The firm will be paid at these rates: Partners $1,700 to $2,695 per hour Counsels $1,550 to $2,245 per hour Associates $920 to $1,580 per hour Paraprofessionals $645 to $685 per hour The Debtors paid the firm an initial advance retainer of $500,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following are provided in response to the request for additional information set forth in Paragraph D.1 of the Guidelines: a. Question: Did V&E agree to any variations from, or alternatives to, V&E's standard billing arrangements for this engagement? Answer: Yes, V&E agreed to a discount of its standard or customary billing arrangements for this engagement, as set forth in the Engagement Letter, as well as an initial credit of $400,000 for onboarding and an initial assessment of the Debtors' situation that was credited on the Debtors' first invoice. V&E will continue to adhere to these arrangements during the pendency of these Chapter 11 cases. b. Question: Do any of the V&E professionals in this engagement vary their rate based on the geographic location of these Chapter 11 cases? Answer: No. c. Question: If V&E has represented the Debtors in the 12 months prepetition, disclose V&E's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If V&E's billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: V&E will use the same hourly rates for services rendered on behalf of the Debtors during the pendency of these Chapter 11 cases as it used during the 12 months prior to the Petition Date. In the twelve months preceding these Chapter 11 cases, V&E's hourly rates for services rendered on behalf of the Debtors ranged as follows: Partners $1,700 to $2,695 Counsel $1,550 to $2,245 Associates $920 to $1,580 Paraprofessionals $645 to $685 V&E will continue to apply these rates during the pendency of these Chapter 11 cases, and subject to the discount set forth in the Engagement Letter. d. Question: Have the Debtors approved V&E's budget and staffing plan, and, if so, for what budget period? Answer: Yes, the Debtors have approved V&E's projected budget and staffing plan for the period from the Petition Date through June 5, 2026. Projected fees may be greater or lesser than the budgeted amounts if certain contingencies occur, and V&E reserves all rights to modify the projected budget and staffing plan as needed. George Howard, Esq., a partner at Vinson & Elkins LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George R. Howard, Esq. Vinson & Elkins LLP 1114 Avenue of the Americas, 32nd Floor New York, NY 10036 Tel: (212) 237-0102 Fax: (917) 849-5337 E-mail: ghoward@velaw.com About Viridis Chemical LLC Viridis Chemical, LLC is a bio-based chemical technology company in Kingwood, Texas. Viridis Chemical and four affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90393) on March 8, 2026. In its petition, Viridis Chemical reported $10 million to $50 million in both assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors are represented by Paul E. Heath, Esq., and Matthew David Struble, Esq., at Vinson & Elkins, LLP; Carl Marks Advisory Group, LLC as investment banker and financial advisor; and Epiq Corporate Restructuring, LLC as notice, claims and solicitation agent. VIRIDIS CHEMICAL: Taps Carl Marks Advisory as Investment Banker --------------------------------------------------------------- Viridis Chemical, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Carl Marks Advisory Group LLC as financial advisor and investment banker. The firm's services include: a. Financial Advisory Services i. Advising the Debtors' senior management and board of directors on day-to-day business operations; ii. Assisting with cash flow forecasting, liquidity management, and short-term cash preservation initiatives, including development and monitoring of rolling cash flow forecasts and variance analyses; iii. Supporting chapter 11 preparedness and execution, including assistance with: (1) Preparation of first-day motions, declarations, and related financial analyses; (2) Development of DIP budgets and liquidity forecasts; (3) Coordination of information required for court filings and stakeholder communications, and (4) Provision of expert advice, analyses, declarations, or testimony on matters related to financial advisory services iv. Identifying and assisting in the implementation of operational improvements, cost reduction initiatives, working capital optimization, and restructuring opportunities intended to stabilize the business and preserve value; and v. Interfacing directly with lenders, creditors, equity holders, legal counsel, investment bankers, and other key stakeholders, and assisting in the preparation of financial analyses, reports, and materials to support negotiations and decision-making. b. Investment Banking Services i. Review and analysis of the Debtors' business, operations, capital structure, liquidity position, and financial projections; ii. Development, preparation, and distribution of marketing and transaction materials, and coordination of pre-filing and / or post filing marketing efforts, as applicable; iii. Identification, evaluation, and analysis of indications of interest, bids, or proposals from potential lenders, investors, purchasers, creditors, or strategic partners, including parties participating in a court-supervised process; iv. Advisory support with respect to transaction structuring alternatives, including out-of-court transactions, in-court sale processes, debtor-in-possession financing, credit bidding, stalking horse transactions, and other strategic or restructuring alternatives; v. Assistance with and support of negotiations relating to any transaction, including participation in discussions with the Debtors, the board of directors, lenders, creditors, equity holders, potential counterparties, and other key stakeholders; vi. Attendance at and participation in meetings, calls, and presentations with the Debtors' board of directors, management, creditor groups, official committees or constituencies, potential counterparties, and other relevant parties; vii. Coordination with the Debtors' legal, restructuring, and other professional advisors in connection with any transaction, including preparation for and execution of a court supervised sale or restructuring process, if applicable; viii. Provision of expert advice, analyses, declarations, or testimony on financial, valuation, or transaction-related matters in connection with any in-court or out-of-court process, if requested; and ix. Such other investment banking, financial advisory, or related services as may be mutually agreed upon by CMA and the Debtors from time to time during the engagement. The firm's financial advisory fees are: Partners $975 to $1,175 Managing Directors $825 to $950 Directors / Vice Presidents $725 to $825 Analysts and Associates $500 to $675 The firm's investment services fees are: a. Monthly Investment Banking Fee: A fixed fee at the monthly rate of $50,000 per monthly period (the "Monthly Investment Banking Fee"); b. Transaction Fee: Upon consummation of any Sale Transaction, CMA shall be entitled to a success fee equal to the greater of (x) 5.0% of the gross sale transaction proceeds or (y) $750,000; c. Financing Fee: In the event CMA advises on or arranges any Financing, including debtor-in-possession financing, CMA shall be entitled to a fee equal to 2.0% of the gross Financing proceeds, subject to the following tiered minimum fees: i. $125,000 minimum fee if gross Financing proceeds are less than or equal to $1.5 million; ii. $200,000 minimum fee if gross Financing proceeds are greater than $1.5 million and less than or equal to $3.0 million; and iii. $275,000 minimum fee if gross Financing proceeds are greater than $3.0 million. The firm received a $75,000 advanced payment retainer. Carl Marks Advisory Group LLC is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Ben Godbout Carl Marks Advisory Group LLC 900 Third Avenue, 33rd Floor New York, NY 10022 Phone: (212) 909-8400 About Viridis Chemical LLC Viridis Chemical, LLC is a bio-based chemical technology company in Kingwood, Texas. Viridis Chemical and four affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90393) on March 8, 2026. In its petition, Viridis Chemical reported $10 million to $50 million in both assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors are represented by Paul E. Heath, Esq., and Matthew David Struble, Esq., at Vinson & Elkins, LLP; Carl Marks Advisory Group, LLC as investment banker and financial advisor; and Epiq Corporate Restructuring, LLC as notice, claims and solicitation agent. W.B. BLACKWELL: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 4, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of W.B. Blackwell Estates, LLC, according to court dockets. About W.B. Blackwell Estates W.B. Blackwell Estates, LLC filed Chapter 11 petition (Bankr. D. Md. Case No. 26-12557) on March 11, 2026, with between $500,001 and $1 million in both assets and liabilities. Judge Michelle M. Harner oversees the case. Robert Scarlett, Esq., at Scarlett & Croll, PA is the Debtor's legal counsel. WALL VENTURES: Andrew Kight Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 10 appointed Andrew Kight of Allman Kight Hester LLC as Subchapter V trustee for Wall Ventures, Inc. Mr. Kight 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. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About Wall Ventures Wall Ventures, Inc. operates a trucking service that is a specialty last mile delivery contractor for FedEx. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D. Ind. Case No. 22-03961) on Oct. 4, 2022, with as much as $1 million in both assets and liabilities. Judge James M. Carr oversees the case. The Debtor is represented by KC Cohen, Lawyer, PC. WARINGIN LTD: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- On April 9, 2026, Waringin Ltd. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on May 6, 2026 at 01:30 PM at Zoom.us - USTrustee 7: Meeting ID 161 1242 4438, Passcode 8901234678, Phone 1 (202) 793-2740. About Waringin Ltd. Waringin Ltd. is a corporate entity engaged in investment and business management activities. Waringin Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10806) on April 09, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge David S. Jones handles the case. WATERFRONT RESORT: Hires Garfunkel Wild P.C. as Special Counsel --------------------------------------------------------------- Albert Togut, the Trustee for Waterfront Resort Holdings, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Garfunkel Wild, P.C. as special counsel. The firm will provide these services: (i) provide advice and assistance in connection with real estate related questions and issues affecting the Debtor's Condominium, a 134-unit condominium development located at 109-09 15th Avenue, College Point, New York 11356; and (ii) assisting the Trustee in connection with any negotiation, documenting and closing of any transactions involving the disposition of the Debtor's condominium property. The firm will be paid at these rates: Partners/Counsel $400 to $720 per hour Associates $310 to $500 per hour Paralegals $290 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Burton Weston, Esq., a partner and director at Garfunkel Wild, disclosed in a court filing that the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Burton S. Weston, Esq. Garfunkel Wild P.C. 11 Great Neck Road Great Neck, NY 11021 Tel: (516) 393-2200 Fax: (516) 466-5964 Email: bweston@garfunkelwild.com About Waterfront Resort Holdings, LLC Waterfront Resort Holdings, LLC is the fee owner of 105 unsold units at the Allura Waterfront Condominium, as well as a parking unit, located at 109-09 15th Avenue, College Point, New York. The current estimated value of the Debtor's interest in the property is approximately $80 million. Waterfront Resort Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-40041) on January 6, 2025. In its petition, the Debtor reported total assets of $80,006,241 and total liabilities of $70,500,000. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. Heath S. Berger, Esq., at Berger, Fischott, Shumer, Wexler & Goodman, LLP represents the Debtor as legal counsel. WATERFRONT RESORT: Trustee Taps Togut Segal & Segal LLP as Counsel ------------------------------------------------------------------ Albert Togut, Chapter 11 trustee for Waterfront Resort Holdings, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Togut, Segal & Segal LLP as his attorneys. The firm will render these services: -- assist and advise the Trustee regarding his powers and duties as Trustee under section 1106 of the Bankruptcy Code; -- assist in obtaining control over, and accounting for, property of the Debtor; -- assist in sales of property of the Debtor; -- assist in the retention of other professionals to assist the Trustee; -- assist in my investigation regarding the Debtor's transactions with, and transfers to, third parties, including, but not limited to, insiders and affiliates of the Debtor; -- take all necessary actions to protect and preserve the interests of the Trustee, and the Debtor's estate, including, without limitation, the commencement and prosecution of actions and contested matters that he deems necessary, negotiations concerning litigation in which the Trustee or Debtor's estate are involved, and review and analyze all claims filed against the Debtor's estate; -- propose and seek confirmation of a Chapter 11 plan, if appropriate; -- review and prosecute objections to claims, as necessary or appropriate; -- prepare on the Trustee's behalf all necessary motions, applications, answers, orders, reports, and papers necessary in his administration of the Debtor's estate; -- appear before this Court or any other court on matters concerning the Debtor; and -- perform such other tasks as requested by the Trustee in the performance of his duties with respect to the Debtor's estate. The firm will be paid at these hourly rates: Partners $1,250 to $1,830 Counsel $1,095 to $1,375 Associates $575 to $1,225 Paralegals and Law Clerks $315 to $560 Togut Firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Frank A. Oswald, Esq. Togut, Segal & Segal LLP One Penn Plaza, Suite 3335 New York, NY 10119 Tel: (212) 594-5000 About Waterfront Resort Holdings Waterfront Resort Holdings, LLC is the fee owner of 105 unsold units at the Allura Waterfront Condominium, as well as a parking unit, located at 109-09 15th Avenue, College Point, New York. The current estimated value of the Debtor's interest in the property is approximately $80 million. Waterfront Resort Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-40041) on January 6, 2025. In its petition, the Debtor reported total assets of $80,006,241 and total liabilities of $70,500,000. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. Heath S. Berger, Esq., at Berger, Fischott, Shumer, Wexler & Goodman, LLP represents the Debtor as legal counsel. WAYNE P. JUSTICE: Hires Branson Ainsworth PLLC as Legal Counsel --------------------------------------------------------------- Wayne P. Justice, M.D., P.A. seeks approval from the U.S. Bankruptcy Court for Northern District of Florida to hire Branson Ainsworth PLLC as its counsel. The firm's services include: (a) prosecute and defend any causes of action on behalf of the Debtor; prepare all necessary legal papers; (b) assist in the formulation of a plan of reorganization; and (c) provide all other services of a legal nature. The firm's attorneys and paralegals will be paid at hourly rates between $150 and $500. In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of this case, the Debtor paid an advance fee of $18,047 for post-petition services and expenses in connection with this case and the filing fee of $1,738. Jeffrey Ainsworth, Esq., an attorney at Branson Ainsworth, 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: Jeffrey S. Ainsworth, Esq. Branson Ainsworth PLLC 1501 E. Concord Street Orlando, FL 32803 Telephone: (407) 894-6834 Facsimile: (407) 894-8559 Email: jeff@bransonlaw.com About Wayne P. Justice, M.D. P.A. Wayne P. Justice, M.D., P.A. is a Florida professional association that operates a family medicine practice in Niceville, where it provides primary care services from an office on West College Boulevard. The practice was filed in Florida in 2001 and is associated with Dr. Wayne P. Justice, who also holds staff privileges at Twin Cities Hospital. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-30292) on March 23, 2026, with $827 in assets and $1,267,412 in liabilities. Wayne P. Justice, president, signed the petition. Jeffrey S. Ainsworth, Esq. at Branson Ainsworth PLLC represents the Debtor as legal counsel. WAYNE P. JUSTICE: Hires Darlene Burke CPA PA as Accountant ---------------------------------------------------------- Wayne P. Justice, M.D. P.A. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Darlene Burke CPA PA as accountant. The firm's services include monthly operating reports, monthly bookkeeping, payroll services, and annual corporate returns. The firm will be paid at these rates: (a) an hourly rate of $ 90 is charged for general ledger maintenance, and preparation of Chapter 11 monthly operating reports, and payroll; (b) an annual fee of $850 is charged in the preparation and filing of federal and state (if applicable) annual tax returns; and (c) an hourly rate of $90 per case is to be charged for any Worker's Compensation audits that may happen. Darlene Burke CPA PA is a "disinterested person" as the term is defined in 11 USC 101(14), according to court filings. The firm can be reached through: Darlene Burke, CPA Darlene Burke CPA PA 1005 W College Blvd., Suite A Niceville, FL 32578 About Wayne P. Justice, M.D. P.A. Wayne P. Justice, M.D., P.A. is a Florida professional association that operates a family medicine practice in Niceville, where it provides primary care services from an office on West College Boulevard. The practice was filed in Florida in 2001 and is associated with Dr. Wayne P. Justice, who also holds staff privileges at Twin Cities Hospital. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-30292) on March 23, 2026, with $827 in assets and $1,267,412 in liabilities. Wayne P. Justice, president, signed the petition. Jeffrey S. Ainsworth, Esq. at Branson Ainsworth PLLC represents the Debtor as legal counsel. WAYSTAR TECHNOLOGIES: S&P Upgrades ICR to 'BB' on Lower Leverage ---------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on U.S. Delaware-based revenue cycle management (RCM) software provider Waystar Technologies Inc. to 'BB' from 'BB-'. At the same time, S&P raised its issue-level rating on its senior secured first-lien term loan to 'BB' from 'BB-'. The stable outlook reflects S&P's expectation that Waystar will continue to operate with S&P Global Ratings-adjusted leverage of about 3.0x over the next 12 months while growing its top line amid a highly competitive, consolidating RCM environment. Waystar has reduced S&P Global Ratings-adjusted debt to EBITDA to the 3x area due to strong organic revenue growth and acquisitions. In addition, Waystar's legacy private-equity owners, EQT Partners Inc., Bain Capital L.P., and the Canada Pension Plan Investment Board (CPIB), have reduced their joint controlling ownership significantly below 40%. S&P believes this reduces the risk of releveraging events and makes it more likely that the company will operate with leverage consistent with its 3x net leverage target. The upgrade reflects Waystar's reduced leverage and financial-sponsor ownership. The company has demonstrated a commitment to sustaining S&P Global Ratings-adjusted leverage of below 4x, driven by strong revenue growth, high profitability, robust cash flow generation, and a resilient, recurring revenue base, all underpinned by durable demand for health care payment and revenue cycle software. In addition, by late 2025, Waystar's pre-IPO financials sponsors, EQT, CPPIB, and Bain Capital further relinquished their controlling ownership to about 30% and minority board presence (three out of 13). S&P said, "We expect this to further enhance governance and align interests with long-term stakeholders, reducing the risk of releveraging events. We anticipate management will also be disciplined in maintaining its long-term net leverage target of 3.0x (company calculation), which translates roughly to our 3.6x debt to EBITDA calculation (net of capitalized software costs) as of Dec. 31, 2025." S&P said, "We anticipate Waystar will sustain strong revenue growth in 2026, supported by increases in demand for health care revenue-cycle services and adoption of AI-enabled solutions. We expect this momentum will translate to mid-teens percent revenue growth, bolstered by the full-year integration of Iodine Software. Even excluding the acquisition, we project organic growth in the high-single-digit percent area. Waystar's AltitudeAI platform is driving further adoption, with 30% of 2025 bookings powered by AI solutions." Waystar achieved 16.5% revenue growth in 2025 (12% organic), driven by increased demand for automation, pricing increases, and successful cross-selling within the health care RCM space. Large enterprise customers (annual spending of $100,000 or more) grew 16% year over year with 112% net revenue retention, indicating strong customer loyalty and upselling. Waystar's heavy investments in AI provide growth opportunities and relative insulation from disruption in the highly fragmented RCM industry. AI‑enabled tools are streamlining benefits authorization, denial management, and patient billing, reducing labor intensity and improving efficiency, but also lowering barriers to entry for AI‑native competitors. Waystar's established market position, proprietary data assets, and long‑standing relationships with hospitals and payors provide relative insulation, while the integration of Iodine Software enhances AI capabilities in clinical documentation and coding to prevent revenue underpayments. S&P believes incumbent RCM providers like Waystar benefit from deep integration into provider workflows, creating high switching costs and operational dependency that software‑only platforms cannot replicate. Additionally, regulatory complexity, patient privacy requirements, and the mission‑critical nature of health care systems slow disruptive adoption, favoring incumbents with proven compliance and operational expertise. While AI may compress pricing over time, it is more likely to enhance existing service models than displace them, positioning Waystar to capture value from AI-driven automation while maintaining its competitive position. Waystar's ratings could be constrained by any debt-funded merger and acquisition (M&A) activities. S&P projects its S&P Global Ratings-adjusted EBITDA margins will remain in the high-30% area in 2026 as benefits from operating leverage, efficiencies from AI-driven automation, and cost synergies from the Iodine acquisition broadly offset integration expenses and continued investment in product innovation. S&P said, "We also project the company will generate cash flow exceeding $300 million in 2026, driven by increasing operating scale, lower one-time integration costs, reduced interest expenses following multiple debt repricing transactions, and relatively modest capital expenditure requirements. Despite the recent debt increase for the acquisition, we expect strong EBITDA growth to support ongoing deleveraging. "The company has maintained leverage below 4x following its public offering in 2024, and we expect its S&P Global Ratings-adjusted leverage to improve below 3x over the next 12 months assuming no material debt-funded acquisitions. However, we believe the rating could be constrained by the company's willingness to pursue additional acquisitions in the fragmented RCM technology market. Moreover, we have limited information and a short track record around Waystar's intended financial policy as a public company, which--depending on how it allocates its capital--will determine the pace of its deleveraging. "The stable outlook reflects our expectation that Waystar will continue to operate with S&P Global Ratings-adjusted leverage or about 3.0x over the next 12 months while growing its top line amid a highly competitive, consolidating RCM environment. The outlook also reflects the company's market position in RCM services, sufficient liquidity to meet ongoing operational needs, and no near-term refinancing risk due to the company's capital management efforts. "We could lower the ratings in the next 12 months if operating performance weakens such that leverage exceeds 4x on a sustained basis. This could also occur if the company pursues acquisitions more aggressively or share buybacks or if it falls significantly short of our EBITDA growth expectations, indicating an eroding competitive position. "While unlikely over the next 12 months, we could raise the rating if Waystar significantly increases the scale of its business by gaining additional market share while maintaining its above average profitability. An upgrade would also require an expectation that Waystar will maintain leverage below 3x even when factoring in potential acquisitions and shareholder rewarding initiatives." WHITE ROCK: To Sell Ford Vehicle to Ford of Boerne for $52K ----------------------------------------------------------- White Rock Construction Services, LLC, seeks approval from the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a small business owner and desires to dispose of one of its vehicles to reduce the financial burden to the estate and help the Debtor resolve issues holding up confirmation of Debtor's plan of reorganization. The vehicle is a 2022 Ford F-350SD, King Ranch with 101,571 miles. Debtor has obtained an offer from Ford of Boerne, Texas, 31480 IH 10W, Boerne, TX 78006 Ally Bank filed Claim #1 asserting a lien against the truck for a claim valued at $46,221.70. The offer from Ford of Boerne is for $52,500 and should be sufficient to pay the entire Ally Bank claim. Debtor counsel has attempted to reach Ally Bank via the contact information on its proof of claim, but has thus far been unsuccessful. Regardless, there should be sufficient funds from the sale to resolve the lien and will reduce the Debtor’s plan payment to Ally Bank by about $3000 per quarter. Ford of Boerne is not an insider, does not have any prior relationship with the Debtor or its principals or have any prepetition claims against the Debtor. If for any reason the Purchaser is unable or unwilling to consummate the sale, Debtor requests the Court authorize the Debtor to sell the Property to any non insider purchaser provided the sales prices is sufficient to retire the debt to Ally Bank on the Property. Debtor proposes to sell the Property and the secured party, Ally Bank, likely will consent to sale of the property and will retain a credit bid on the Property. The Debtor contends the sale is in the best interest of the estate and its creditors and should be approved. About White Rock Construction Services LLC White Rock Construction Services, established in 2021, provides commercial construction subcontracting services across San Antonio and Austin, Texas. White Rock Construction Services LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52853) on November 25, 2025, listing $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The petition was signed by Andrew Hutto as manager. Judge Michael M Parker presides over the case. Ronald Smeberg, Esq. at THE SMEBERG LAW FIRM serves as the Debtor's counsel. WHITEHALL MANOR: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Pennsylvania issued a fourth interim order authorizing Whitehall Manor Inc. and Saucon Valley Manor, Inc. to continue using cash collateral. Under the fourth interim order, the Debtors are authorized to use cash collateral strictly in accordance with an approved budget, with a permitted variance of up to 10% per line item per week on a rolling four-week basis. This authorization remains in effect only until the final hearing. As adequate protection, secured creditors with interest in the cash collateral will be granted replacement liens on all post-petition assets of the Debtors, maintaining the same validity, extent, and priority as their pre-petition liens, limited to any decline in collateral value. These replacement liens do not apply to avoidance actions. Additionally, the Debtors must make monthly adequate protection payments totaling $70,000 ($35,000 from each Debtor) and comply with reporting requirements, including weekly and monthly financial updates. The order requires the Debtors to maintain proper financial records and provide ongoing operational reports to the lender. A final hearing is scheduled for April 21. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Qco9X from PacerMonitor.com. About Whitehall Manor Inc. Whitehall Manor Inc. is a Pennsylvania-based senior care provider. Whitehall Manor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-15245) on December 26, 2025. In its petition, the Debtor reports estimated assets of up to $50,000 and estimated liabilities of between $100,000 and $500,000. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Michelle Lee, Esq. of Dilworth Paxson LLP. WOODCREST CONDOMINIUMS: Plan Exclusivity Period Extended to June 1 ------------------------------------------------------------------ Judge Elizabeth L. Gunn of the U.S. Bankruptcy Court for the District of Columbia extended Woodcrest Condominiums IX, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 1 and August 1, 2026, respectively. As shared by Troubled Company Reporter, the Debtor is a limited liability company formed under the laws of the District of Columbia, which owns three condominium units (the "Condo Units") located on Woodcrest Drive SE, Washington, DC 20032. The Condo Units are part of a larger condominium development known as Woodcrest Villas. The Condo Units are the Debtors' primary assets, and the proceeds from the sale of the Condo Units represent the Debtors' primary source of cash for funding its operations and administrative expenses incurred during the Bankruptcy Case. The Debtor explains that the pendency of the disputed liens asserted by Welch and extensive litigation with Welch has made this case complex, although this is not a large case. The Debtor has worked expeditiously to position the disputed issues before the Court for determination. The Debtor believes it is prudent to preserve its exclusive right to file a plan while it works through the issues relating to the liens on and the sale of the Condo Units. The amount of time that the Debtor is requesting is modest and is in line with this Court's extension of exclusive periods in similar cases. The Debtor believes that good cause exists to grant the Motion and extend the Debtor's Exclusive Periods to file a proposed plan and solicit acceptances thereto. Woodcrest Condominiums IX LLC is represented by: Brent C. Strickland, Esq. Whiteford, Taylor & Preston L.L.P. 8830 Stanford Blvd., Suite 400 Columbia, Maryland 21045 Phone: (410) 347-9402 Facsimile: (410) 223-4302 Email: bstrickland@whitefordlaw.com Joshua D. Stiff, Esq. Whiteford, Taylor & Preston, L.L.P. 249 Central Park Avenue, Suite 300 Virginia Beach, VA 23462 Telephone: (757) 271-9751 Facsimile: (757) 271-9736 Email: jstiff@whitefordlaw.com About Woodcrest Condominiums IX LLC Woodcrest Condominiums IX LLC is a residential real estate company that appears to develop or manage condominium properties in Washington, DC, operating under the Woodcrest Villas brand. The company maintains its principal place of business at 454-460 Woodcrest Drive SE in Washington, DC, with its primary operations in residential building construction as indicated by its NAICS code 2361. Woodcrest Condominiums IX LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 25-00265) on July 9, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge Elizabeth L. Gunn oversees the case. The Debtors are represented by Brent C. Strickland, Esq. at Whiteford Taylor & Preston L.L.P. WTA 25: Taps Barnes Law and Katers & Granitz as Litigation Counsel ------------------------------------------------------------------ WTA 25, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ Barnes Law, LLP and Katers & Granitz, LLC as litigation counsel. The firms were engaged, prepetition, by Debtor in WTA 25, LLC v. Encore Conversion Group, LLC et al., Case No. 26-0203-III in the Chancery Court for Davidson County. In addition, the firms are representing parties related to the Debtor, but not the Debtor, in The Ward Organization, et al. v. Stonebriar Commercial Financial, LLC, et al., Case No. 3:26-cv-00202 in the United States District Court for the Middle District of Tennessee. The firm's will continue their representation in prepetition litigation. The Debtor will pay the firms a monthly flat fee of $15,000. As disclosed in the court filing, Barnes Law, LLP and Katers & Granitz, LLC are "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached through: Robert E. Barnes, Esq. BARNES LAW, LLP 700 S. Flower Street, Suite 1000 Los Angeles, CA 90017 Phone: (213) 318-0234 Email: robertbarnes@barneslawllp.com - and - Christopher Katers, Esq. KATERS & GRANITZ, LLC 8112 W Bluemound Rd Ste 101 Milwaukee, WI, 53213-3356 Phone: (360) 521-0437 Email: ckaters@katersgranitz.com About WTA 25 LLC WTA 25, LLC, based in Whites Creek, Tennessee, manufactures and sells high-end luxury entertainer coaches and maintains a fleet under a lease agreement with Encore Luxury Coach Leasing TN, Inc. WTA 25, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01198) on March 16, 2026. In the petition signed by Justin Ward, member, the Debtor disclosed $3,876,349 in total assets and $3,993,427 in total liabilities. Judge Randal S. Mashburn oversees the case. Michael G. Abelow, Esq., at Sherrard Roe Voight & Harbison, PLC represents the Debtor as counsel. ZIVIEA INC: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Ziviea Inc., according to court dockets. About Ziviea Inc. Ziviea, Inc., doing business as CompressionSale.com, operates an online retail platform that sells compression garments and related medical support products, including stockings, socks, sleeves, and braces. It distributes compression wear from various manufacturers and provides sizing guides and product information to assist customers in selecting compression products for circulation and support needs. Zivieat operates from Saint Augustine, Florida and serves customers through its e-commerce website. Ziviea filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 26-00938) on March 6, 2026, listing $388,475 in assets and $6,338,107 in liabilities. Arun Reddy, chief executive officer and director, signed the petition. Judge Jacob A Brown oversees the case. Latham, Luna, Eden & Beaudine, LLP serves as the Debtor's legal counsel. [] US Hospitals Rebound From Bankruptcy Only to Slip Back --------------------------------------------------------- Soma Biswas of Bloomberg Law reports that hospitals that exited the bankruptcies like Steward Health Care System and Prospect Medical Holdings Inc. were seen as a critical piece in stabilizing Medical Properties Trust Inc., helping the landlord recover from years of tenant-related disruptions. But rather than signaling a turnaround, many of these facilities are again encountering financial difficulties. The expected post-bankruptcy rebound has been slower and more uncertain than anticipated, the report relays. In multiple states, including Florida and California, hospitals tied to Medical Properties Trust have reportedly missed payments to vendors and other creditors, based on court filings and financial disclosures. These developments indicate that operational challenges persist despite restructuring, according to Bloomberg. The situation marks a renewed setback for Medical Properties Trust and raises concerns about the resilience of its tenant base. More broadly, it underscores the continuing strain on US hospitals, where economic and structural pressures are limiting the effectiveness of bankruptcy as a long-term solution, the report states. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. 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 ***