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260424.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, April 24, 2026, Vol. 30, No. 114 Headlines 104-22 NB: Taps Law Offices of David W. Graber as Special Counsel 115 MLLC: Seeks Chapter 7 Bankruptcy in New York 1701 BINGLE: Seeks Approval to Tap Fealy Law Firm as Counsel 22 HIGH MOUNTAIN: Voluntary Chapter 11 Case Summary 22 HIGH: Seeks Chapter 11 Bankruptcy in New York 313 52 REALTY: Voluntary Chapter 11 Case Summary 441 B 129: Seeks Chapter 11 Bankruptcy in New York 751 ST. NICHOLAS: To Sell Bronx Property to Phantom Capital 88-18 TROPICAL: Case Summary & 14 Unsecured Creditors 923 KENNEDY STREET: Voluntary Chapter 11 Case Summary ABA THERAPY: Gets Interim OK to Use Cash Collateral ADELAIDA CELLARS: Taps Baker Tilly Advisory as Tax Accountants AI ERA CORP: Posts $2.2MM Q2 Net Income Despite Going Concern Doubt ALEXANDER CADE: Seeks to Tap Stephanie's Accounting as Accountant ALLIANCE HOME: No Patient Complaints, 1st PCO Report Says ALPHA BEDDING: Case Summary & 20 Largest Unsecured Creditors ALSANGEST INTERNATIONAL: Has Deal on Cash Collateral Access AMBAR TRANSPORTATION: Seeks Cash Collateral Access AMENTUM HOLDINGS: S&P Rates Proposed Senior Secured Debt 'BB' AMIREPAIR INC: Gets Interim OK to Use Cash Collateral AMNEAL PHARMACEUTICALS: Moody's Ups CFR to 'Ba3', Outlook Stable AP CORE: Fitch Hikes LongTerm IDR to 'B', Outlook Stable ARROWHEAD: Trustee Loses Bid for Summary Judgment in NextGear Case ARTIFICIAL INTELLIGENCE: Applies to Move to OTCQB Venture Market ASBESTOS CORPORATION: Court Sets Sept. 10 Asbestos Claims Bar Date AURORA FUEL: Joseph DiOrio Named Subchapter V Trustee AXIP ENERGY: Court Sets May 4, 2026 General Bar Date BARBEQUE EXCHANGE: Taps Central Virginia Accounting as Bookkeeper BELLA MENTE: Moody's Affirms 'Ba1' Rating on Series 2018A Bonds BIG L TIRES: Jerrett McConnell Named Subchapter V Trustee BIGFOOT PARADISE: Case Summary & One Unsecured Creditor BIGFOOT PARADISE: Commences Chapter 11 Bankruptcy in Colorado BOUND LOGISTICS: Voluntary Chapter 11 Case Summary BRASS LLC: Case Summary & 20 Largest Unsecured Creditors BREAKFAST BITCH: Gets Interim OK to Use Cash Collateral BRIGHT STAR: Gets Final OK to Use Cash Collateral BSD SIMCHA: UCC Public Sale Scheduled for May 29 BUIE FUNERAL: Voluntary Chapter 11 Case Summary BYRUM'S FLOOR STORE: Gets OK to Use Cash Collateral Until May 3 C & S MARKET: Taps Law Offices of Michael Jay Berger as Counsel C & S RESTAURANT: Gets Interim OK to Use Cash Collateral CALITRE LLC: Scott Rever Named Subchapter V Trustee CARBON HEALTH: To Sell Health Tech Biz to Future Solution CARROLLTON GATEWAY: Wins Summary Judgment Bid in Namhawk Case CELSIUS NETWORK: Kane Wallets Lose Bid to Set Aside Defaults CHURCH INTERNATIONAL: Gets Interim OK to Use Cash Collateral CLEANSTEAM INC: Gets Final OK to Use Cash Collateral CONDOS AT ARTIST: Seeks Chapter 7 Bankruptcy in New York CONLIN STREET: Ryan Richmond Named Subchapter V Trustee CONTINENTAL AMERICAN: Toray Wins Bid to Dismiss Adversary Case CORE AI HOLDINGS: Forms Strategic Joint Venture With Allianca Group CORE SCIENTIFIC I: S&P Assigns 'B+' ICR, Outlook Positive COREY S. RIBOTSKY: SEC Wins Bid to Dismiss Bankruptcy Case CREEKSIDE REAL ESTATE: Voluntary Chapter 11 Case Summary CREEKSIDE SPRINGS: Case Summary & 20 Largest Unsecured Creditors CUMULUS MEDIA: Backs Nielsen Data-Tying Ruling at Second Circuit DARKPULSE INC: Reports $2.9M Net Loss in FY25, Warns of Cash Crunch DAVID SHANE: William Harris Named Subchapter V Trustee DAX INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors DIACARTA INC: Appointment of Mark Sharf as Chapter 11 Trustee OK'd DIANA RUBOTTOM: Freedom Mortgage Case Referred to Bankruptcy Court DIESEL DEVELOPMENT: Gets Court Nod to Use Cash Collateral DIOCESE OF OAKLAND: Abuse Claimants Pursue Own Chapter 11 Exit Plan DIVERSIFIED WIRE: To Sell Two Vehicles to Carvana Co. for $53K DOCK ON COOLEY: Kimberly Ross Clayson Named Subchapter V Trustee DONNA DISHER: Gets Final OK to Use Cash Collateral DP LOUISIANA: Court Extends Cash Collateral Access to May 19 EMERGENT BIOSOLUTIONS: Moody's Affirms 'B3' CFR, Outlook Stable EMMAUS LIFE: Jon Kuwahara Steps Down From Board of Directors ENERGY FOCUS: Invests in Japan's Energy Storage Power Plant EVERY BLOOMING THING: Has Deal on Cash Collateral Access FAT BRANDS: Bradley Arant & Orrick Represent Franchisers FAT BRANDS: Sale Hearing Scheduled for May 8, 2026 FLEXSHOPPER INC: Seeks to Extend Plan Exclusivity to July 20 FORK FOOD: Case Summary & 20 Largest Unsecured Creditors FORREST KENT BALMAIN: Court Values Primary Residence at $1,040,237 FORT DEFIANCE: Seeks Chapter 11 Bankruptcy in Arizona FRED SCHWALBE: UCC Public Sale Scheduled for May 29 FRIEDENBACH FAMILY: Employs Boos & Associates as Consultant FRIENDLY CHURCH: Commences Chapter 11 Bankruptcy in New York FTX TRADING: SBF Tells NY Court He Drafted New Trial Bid FULTON SCG: UCC Public Sale Scheduled for June 17 GARAGE RENTALS: Starts Chapter 7 Bankruptcy in New York GBI SERVICES: Plan Exclusivity Period Extended to July 20 GEORGIADES BROTHERS: UCC Public Sale Scheduled for May 11 GOLDNER CAPITAL: Omega Loses Bid to File Claim After Bar Date GREENWAY PLAZA: Interra Capital Buys Co. Out of Receivership GREYSTONE LOGISTICS: Swings to $2.8MM Net Loss in Fiscal Q3 HALSEY & HALSEY: John-Patrick Fritz Named Subchapter V Trustee HIGHLAND SPRINGS #2: Seeks Subchapter V Bankruptcy in California HIGHLAND SPRINGS: Case Summary & One Unsecured Creditor HOWARD'S APPLIANCES: Court OKs Appliance Inventory Sale at Auction HYPERMIND CORP: Gina Klump Named Subchapter V Trustee IN DUE SEASON: Hires Ford & Semach P.A. as Legal Counsel INDEPENDENCE REALTY: Loses Bid for Summary Judgment in Nexcel Case INFINITY TIRE: Jerrett McConnell Named Subchapter V Trustee INSPIRED HEALTHCARE: Asset Auction to Commence on June 24 INSPIRED HEALTHCARE: U.S. Trustee Appoints Susan Goodman as PCO INSPIRED HEALTHCARE: U.S. Trustee Appoints Terri Cantrell as PCO INSPIRED HEALTHCARE: UST Appoints Laurie Facciarossa Brewer as PCO INTEGRATED ENDOSCOPY: Seeks $1MM DIP Loan from Insider Lenders INTERNATIONAL POLICE: Seeks Chapter 11 Amid Sex Assault Appeal JACKSON WALKER: Faces Another Bankruptcy Scandal Lawsuit JAGUAR LOGISTICS: Files Emergency Bid to Use Cash Collateral JMKA LLC: Court Extends Cash Collateral Access to May 15 JOHN FITZGIBBON MEMORIAL: To Sell Hospital Biz to Strawberry Fields JW COLE INVESTMENTS: Voluntary Chapter 11 Case Summary KAISA GROUP: Chapter 15 Recognition Hearing Scheduled for May 19 KOKOMO RESTAURANT: Salvatore LaMonica Named Subchapter V Trustee KROSKOB BROS: Case Summary & 13 Unsecured Creditors LAREDO OIL: Reports Net Loss of $1.22MM in Fiscal Q3 LIA HOSPITALITY: Seeks to Employ Geist CPA as Accountant LIFE STRIDE: Taps VerStandig Law Firm as Bankruptcy Counsel LIGHT OF THE WORLD: Christopher Hayes Named Subchapter V Trustee LILLY INDUSTRIES: BG Law & Waldrep Represent Silicosis Claimants LINEAS DE PUERTO: Hires Carlo Law Office as Special Counsel LONG BEACH: Taps Law Offices of Louis J. Esbin as Counsel LUCERO LLC: Taps Hire Michael Christopher Verdone as Broker LYCRA COMPANY: Hires Grant Thornton as Tax Structuring Advisor M.K. WEEDEN: Seeks Approval to Hire Pivotal Services as Consultant MADISON IAQ: Moody's Puts 'B2' CFR Under Review for Upgrade MAFIA INC: Case Summary & One Unsecured Creditor MAPLE BEAR: Case Summary & Four Unsecured Creditors MARJORIE SOUSA: Seeks Chapter 7 Bankruptcy in New York MED-RIDE INC: Timothy Stone of Newpoint Named Subchapter V Trustee MEGASLAB INC: Taps Law Offices of Henry F. Sewell as Counsel MEYER BURGER: Asks Court to Approve Chapter 11 Wind-Down Plan MEYER BURGER: Court Confirms Joint Chapter 11 Plan of Liquidation MORRISON HOSPITAL: Gets Interim OK to Use Cash Collateral MOUNT ACADIA: Involuntary Chapter 11 Case Summary MULTI-COLOR CORP: Court Confirms Joint Plan of Reorganization MUSTANG FUNDING: Public Foreclosure Sale Scheduled for April 30 MUSTANG SPECIAL: Public Foreclosure Sale Scheduled for April 30 MUSTANG SPECIALTY: Public Foreclosure Sale Scheduled for April 30 MY GEORGIA: To Sell Canton Property to Gabe Hrib Jr. for $225K NBA AUTOMOTIVE: Plan Exclusivity Period Extended to April 26 NEUROONE MEDICAL: Implements 1-for-6 Reverse Stock Split NEW FORTRESS: Secures $5-Mil. Senior Secured Brazil Bridge Facility NEW YORK BEACH: Receiver Excused From Turnover Compliance NEWKIRK LOGISTICS: Seeks to Hire Ray Cook as Tax Accountant NUSSBAUM LOWINGER: Commences Chapter 11 Bankruptcy in New York NV FREIGHT: Robert Handler Named Subchapter V Trustee OCUGEN INC: Millennium Management Holds 5.2% Equity Stake ODYSSEY MARINE: Provides Update on Proposed Merger With AOM OFFICE PROPERTIES: Judge Greenlights Chapter 11 Plan Confirmation OMNI HOTELS: Parent Seeks Receivership of Greenbrier Resort ORFEDOR INC: Seeks 60-Day Extension of Plan Filing Deadline PACIFIC RIM: Heritage Brand Seeks Chapter 11 Bankruptcy in New York PAVMED INC: Tasso Partners Report 14.3% Equity Stake PHOENIX FUND: Court Upholds Appointment of Driven as Receiver PIVOTAL MED: Counterclaims in Next Science Adversary Case Tossed PLAZA 106: Seeks Approval to Hire Valerga LLP as Counsel PURDUE PHARMA: Court Consolidates Nine Pro Se Litigants' Appeals QVC GROUP: Davis Polk & Porter Hedges Represent Noteholders QVC GROUP: Silver Point, SVP Set to Take Stakes in Co. After Ch. 11 QVC INC: Davis Polk Advises Noteholders in Chapter 11 Restructuring R V K INC: Nat Wasserstein Named Subchapter V Trustee RALIAM HOSPITALITY: Seeks to Employ Geist CPA as Accountant RAZZOO'S INC: Gets Court OK for Chapter 11 Plan After $18MM Sale RIVERDALE VILLAGE: Fitch Lowers Issuer Default Rating to 'CCC-' RMG ERECTORS: Case Summary & 20 Largest Unsecured Creditors RYZEMD CORPORATION: Amy Denton Mayer Named Subchapter V Trustee SAKS GLOBAL: Cain & Skarnulis Represents Teamsters SAKS GLOBAL: Court OKs Aircraft Sale to Jones Aviations for $6MM SEA BREEZE FISH: Initiates Chapter 11 Bankruptcy in New York SELECT A BAGEL: Seeks Chapter 11 Bankruptcy in New York SELIM DAVID MOCHE: Court Okays Woods' Motion to Withdraw as Counsel SEMILEDS CORP: Reports Q2 Loss of $603,000; Outlines Liquidity Plan SHORELINE BUILDERS: Seeks Chapter 7 Bankruptcy in New York SHREE OF MEMPHIS: Gets Interim OK to Use Cash Collateral SILVERROCK DEVELOPMENT: Judge Keeps Chapter 11 Timeline on Track SKYBOUND PROPERTIES: Gets Interim OK to Use Cash Collateral SKYBOUND PROPERTIES: Seeks Approval to Hire LPT Realty as Broker SKYE A. SMITH DDS: Taps Law Office of Cynthia Lee Traina as Counsel SOUTH TOWN: Seeks to Extend Plan Exclusivity to July 27 STARCO BRANDS: Reports $20.7MM Loss, Going Concern Uncertainty STEPHEN CARL SILVERBERG: Loses Bid to Stay Dismissal Order STOLI GROUP: Affiliate Trustee Asks Court to Approve Broker Hire TAMPA LIFE: Liquidating Trustee Hires Dal Lago Law as Counsel TARPON SPRINGS: Case Summary & 20 Largest Unsecured Creditors TEMPERATURE CONTROL: Gets Extension to Access Cash Collateral TERRAFORM LABS: Jane Street Seeks Insider Trading Suit Dismissal THREE BROTHERS REALTY: Seeks Chapter 7 Bankruptcy in Massachusetts TPI COMPOSITES: Plan Confirmation Hearing Scheduled for May 21 TRANSOCEAN LTD: Adds $445MM to Backlog with Petrobras Rig Extension TRICOLOR AUTO: M&T Unit Seeks to Transfer Suit to Bankruptcy Court TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral TRIPLE STICKS: Seeks to Hire Spencer Fane LLP as Legal Counsel UG PROPERTIES: Seeks to Hire Chip Parker as Co-Counsel UG PROPERTIES: Seeks to Hire Weiss Law Group as Counsel UNCLE NEAREST: Can Collapse Within 30 Days w/o Court's Protection VANDERBILT MINERALS: Gets Court OK for Settlement w/ Parent Co. VERITONE INC: Restates Q3 2025 Financials Due to Revenue Errors VERMILION ENERGY: Moody's Ups CFR to Ba3 & Alters Outlook to Stable VILLAGE HOMES: Sunset House Property Sale to Roger Wong OK'd VILLAGE OAKS: Chapter 11 Trustee Seeks Cash Collateral Access VILLAGE ROADSHOW: Court Confirms Joint Plan of Liquidation VIRIDIS CHEMICAL: Court Sets May 8, 2026 General Claims Bar Date WALNUT RIDGE: Seeks Approval to Hire Joseph W. Caldwell as Counsel WALNUT RIDGE: Seeks to Employ Allen Whitt as Manager WELCH & WELCH: Court OKs Withdrawal of Tractor Sale WHITEHALL MANOR: PCO Reports Resident Complaints WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral WISAN REALTY: Commences Chapter 11 Bankruptcy in California WORKSPORT LTD: CEO Steven Rossi Acquires $75,000 of Company Shares [] Amit Trehan Joins Freshfields as Restructuring Partner in N.Y. [] Katie Taylor Joins Simpson Thacher's Finance Practice [] Squire Patton's Stephen Lerner Assumes ABI Presidency [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 104-22 NB: Taps Law Offices of David W. Graber as Special Counsel ----------------------------------------------------------------- 104-22 NB LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ and retain the Law Offices of David W. Graber as its special counsel. The firm will provide these services: (a) complete eviction proceedings and landlord-tenant matters initiated prior to turnover; (b) handle court appearances in housing court matters; (c) coordinate evictions with a Marshall or Sheriff; (d) arrange for filing and service of legal documents; and (e) continue representation in cases already commenced. The firm bills hourly at the rate of $400, with a minimum of $250 for certain services. The Debtor seeks approval to pay $2,305.00 for services rendered. David W. Graber, Esq. of the Law Offices of David W. Graber 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: David W. Graber, Esq. LAW OFFICES OF DAVID W. GRABER 55 Watermill Lane Suite 100 Great Neck, NY 11021 Telephone: (516) 292-8500 E-mail: DWGraber@prodigy.net About 104-22 NB LLC 104-22 NB LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-41221) on March 13, 2025. At the time of the filing, Debtor had estimated assets of between not stated and liabilities of between not stated. Law Office of Alan C. Stein, P.C. is Debtor's legal counsel. 115 MLLC: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------ On April 17, 2026, 115 MLLC filed for Chapter 7 protection in the Southern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About 115 MLLC 115 MLLC is a single asset real estate company. 115 MLLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10874) on April 17, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $0–$100,000. Honorable Bankruptcy Judge John P. Mastando III handles the case. 1701 BINGLE: Seeks Approval to Tap Fealy Law Firm as Counsel ------------------------------------------------------------ 1701 Bingle, LLC seeks approval from the United States Bankruptcy Court for the Southern District of Texas to employ Vicky M. Fealy, Esq. of The Fealy Law Firm, PC to serve as legal counsel. The firm will provide these services: (a) analysis of the financial situation, and rendering advice and assistance to the Debtor; (b) advising the Debtor with respect to its duties as Debtor; (c) preparation and filing of all appropriate petitions, schedules of assets and liabilities, statements of affairs, answers, motions and other legal papers; (d) representation of the Debtor at the first meeting of creditors and such other services as may be required during the course of the bankruptcy proceedings; (e) representation of the Debtor in all proceedings before the Court and in any other judicial or administrative proceeding where the rights of the Debtor may be litigated or otherwise affected; (f) preparation and filing of Chapter 11 Plan of Reorganization; and (g) assistance to the Debtor in any matters relating to or arising out of the captioned case. Vicky M. Fealy, Esq. will be compensated under a fee arrangement with The Fealy Law Firm, P.C. at these hourly rates: Vicky M. Fealy $475 Associate Attorneys $275 Paralegals $115 Law Clerks $125 A $20,000 retainer is required to commence legal services, and will be billed against at the applicable hourly rates. The Fealy Law Firm, PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Vicky M. Fealy, Esq. THE FEALY LAW FIRM, PC 1235 North Loop W, Ste 1120 Houston, TX 77008 Telephone: (713) 526-5220 Facsimile: (713) 526-5227 E-mail: vfealy@fealylawfirm.com 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. 22 HIGH MOUNTAIN: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: 22 High Mountain, LLC 22 High Mountain Road Pomona, NY 10970 Business Description: 22 High Mountain, LLC is a single-asset real estate entity that owns a single-family residential property at 22 High Mountain Road in Pomona, New York 10970, which is valued at approximately $1.8 million. Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-22396 Judge: Hon. Sean H Lane Debtor's Counsel: Robert Lewis, Esq. ROBERT S. LEWIS PC 100 Dutch Hill Road Suite #380 Orangeburg, NY 10962 Tel: (845) 358-7100 Email: Robert.lewlaw1@gmail.com Total Assets: $1,800,000 Total Liabilities: $1,300,000 The petition was signed by Yosef Lowenbein as member. The Debtor has declared in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NIRSROA/22_High_Mountain_LLC__nysbke-26-22396__0001.0.pdf?mcid=tGE4TAMA 22 HIGH: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------ On April 20, 2026, 22 High Mountain, LLC filed for Chapter 11 protection in the Southern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on May 27, 2026 at 02:00 PM at Zoom.us - USTrustee 1: Meeting ID 160 7717 9142, Passcode 0186029495, Phone 1 (202) 381-3292. About 22 High Mountain, LLC 22 High Mountain, LLC is a limited liability company typically engaged in real estate ownership, development, or investment activities. 22 High Mountain, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22396) on April 20, 2026. In its petition, the Debtor reports estimated assets of $1MM–$10MM and estimated liabilities of $1MM–$10MM. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Robert S. Lewis, Esq. 313 52 REALTY: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: 313 52 Realty LLC 1274 49th Street, Suite 357 Brooklyn, NY 11219 Business Description: 313 52 Realty LLC is a single-asset real estate company that owns and operates a multifamily rental property located at 313 52nd Street, Brooklyn, NY 11220. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41941 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: Dawn Kirby, Esq. KIRBY AISNER & CURLEY LLP 700 Post Road Suite 237 Scarsdale, NY 10583 Tel: (914) 401-9500 Email: dkirby@kacllp.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was executed by Shifra Loeffler in her capacity as managing member of L&L Equities USA LLC, which serves as the 99% member of the Debtor. The Debtor did not include a list of its 20 largest unsecured creditors with the petition A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GO4WXSI/313_52_Realty_LLC__nyebke-26-41941__0001.0.pdf?mcid=tGE4TAMA 441 B 129: Seeks Chapter 11 Bankruptcy in New York -------------------------------------------------- On April 16, 2026, 441 B 129 St Inc. filed for Chapter 11 protection in the Eastern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About 441 B 129 St Inc. 441 B 129 St Inc. is a privately held company believed to be engaged in real estate ownership, leasing, or property management activities in New York. Entities with similar naming structures are commonly used to hold specific properties or manage localized real estate investments. 441 B 129 St Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41857) on April 16, 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 Jil Mazer-Marino handles the case. The Debtor is represented by David Alishaev, Esq. of Law Offices of David Alishaev. 751 ST. NICHOLAS: To Sell Bronx Property to Phantom Capital ----------------------------------------------------------- 751 St. Nicholas Avenue Realty Corp. seeks permission 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 is located at 767 Beck Street, Bronx, New York. On October 2, 2025, the Court confirmed the Debtor's Plan. The plan provided, inter alia, for the Debtor to sell the Real Property and to use the proceeds to pay the creditors while the Debtor retains the Debtor's other properties. On approved the retention of R. Scott Peters as the Broker for the sale of the Real Property. The Debtor wants to sell the Property to Phantom Capital LLC for the purchase price of $800,000. The Debtor seeks entry of an order approving the sale of the Real Property, free and clear of all liens, claims, and encumbrances which will attach to the proceeds, and approving the terms and conditions of the sale. The Debtor believes the sale of the Real Property to the Purchaser is in the best interest of the Debtor's estate. The Sale was a result of an extensive marketing program, in the open and commercial market, without the intervention of any bankruptcy related concerns which would impact the sales price in a negative way. The Contract provides for a sale free and clear of liens, claims, encumbrances, and other interests, subject to any and all easements, convenants, and conditions recorded against the Real Property. About 751 St. Nicholas Avenue Realty 751 St. Nicholas Avenue Realty Corp. is a New York-based company primarily engaged in renting and leasing real estate properties. The Debtor owns (a) a mixed-use property consisting of seven residential units and one commercial unit at 751 St. Nicholas Avenue, New York, New York 10031, (b) a three-family property located at 109-29 Liverpool Street, Jamaica, New York, and (c) a 65% ownership interest in a two-family property located at 767 Beck Street, Bronx, New York. 751 St. Nicholas filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No. 23-11688) on Oct. 23, 2023, with $1 million to $10 million in both assets and liabilities. David Hill, president, signed the petition. Judge David S. Jones presides over the case. Leo Fox, Esq., is the Debtor's legal counsel. 88-18 TROPICAL: Case Summary & 14 Unsecured Creditors ----------------------------------------------------- Debtor: 88-18 Tropical Restaurante Corp d/b/a Tropical Restaurant d/b/s 88-18 Jamaica Avenue Realty Corp. d/b/s Roosevelt Tropical Corp. d/b/a Tropical Restaurant d/b/s Tropical Restaurant Bar Inc d/b/s The New Tropical Deli 2 Inc. d/b/s Tropical Greenpoint Corp. d/b/s 88-18 Tropical Restaurant Corp 88-18 Jamaica Avenue Woodhaven, NY 11421 Business Description: 88-18 Tropical Restaurante Corp., doing business as Tropical Restaurant, operates a restaurant in Woodhaven, New York, serving Latin American cuisine, including Ecuadorian-style dishes, along with dine-in and bar services. The company operates from Jamaica Avenue and has used trade names including Tropical Restaurant Bar Inc. and The New Tropical Deli 2 Inc. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41937 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Julio E. Portilla, Esq. JULIO E. PORTILLA 380 Lexington Ave. 4th Floor New York, NY 10168 Tel: (212) 365-0292 Fax: (212) 365-4417 Email: jp@julioportillalaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Christina Alzate as authorized representative of the Debtor. 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/PLZHOZI/88-18_Tropical_Restaurante_Corp__nyebke-26-41937__0001.0.pdf?mcid=tGE4TAMA 923 KENNEDY STREET: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: 923 Kennedy Street, NW, LLC 923 Kennedy Street, NW Washington, DC 20011 Business Description: 923 Kennedy Street, NW, LLC is a real estate holding company centered on a single asset, which it owns and leases out. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court District of Columbia Case No.: 26-00200 Judge: Hon. Elizabeth L Gunn 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 Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Karen D. Wood as member. The Debtor submitted the required list of its 20 largest unsecured creditors, but provided no names A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TRNOHSA/923_Kennedy_Street_NW_LLC__dcbke-26-00200__0001.0.pdf?mcid=tGE4TAMA ABA THERAPY: Gets Interim OK to Use Cash Collateral --------------------------------------------------- ABA Therapy Solutions, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral to fund operations. The court on April 22 authorized the Debtor's interim use of cash collateral in accordance with its budget pending a further hearing to be conducted on May 5. The Debtor needs to use cash collateral to continue operating its business during the reorganization process, including paying regular operating and administrative expenses necessary to maintain services for clients and comply with court and U.S. Trustee requirements. The Debtor listed DC Funding, TD Bank, First Corporate Solutions (as representative), and C T Corporation System as potential secured creditors that may claim liens on its assets, including accounts receivable, inventory, equipment, and other property based on various UCC-1 financing statements filed between 2017 and 2026. Each of these creditors will receive a replacement lien on the cash collateral, with the same validity, priority and extent as its pre-petition lien. The order is available at https://is.gd/bOzHnp from PacerMonitor.com. About ABA Therapy Solutions Founded in 2012 by Linda Peirce, ABA Therapy Solutions provides in-home and clinic services covering language, behavioral, self-help skills and social skills for individuals with autism spectrum disorders, down syndrome and other developmental disabilities. ABA Therapy Solutions filed a voluntary Chapter 11 petition (Bankr S.D. Fla. Lead Case No. 20-10208) on Jan. 7, 2020. In the petition signed by Linda Peirce, managing member, the Debtor disclosed $157,637 in assets and $1,342,155 in liabilities. Judge Erik P. Kimball oversees the case. The Debtor tapped Kelley Fulton & Kaplan, P.L. as its legal counsel, and Jessica J. Sumner, EA, LLC as its accountant. ADELAIDA CELLARS: Taps Baker Tilly Advisory as Tax Accountants -------------------------------------------------------------- Adelaida Cellars, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Baker Tilly Advisory Group, LP to serve as tax accountants. Baker Tilly will provide these services: (a) preparation of federal and California state income tax returns for the tax year ending December 31, 2025, for a flat fee of $21,000, as previously approved by order of the Court; (b) corporation business tax return for the State of New Jersey for the tax years ending December 31 of the years 2018 through 2025, on an hourly-fee basis; and (c) on an as-needed basis, such other tax preparation and tax consulting services as required and requested in writing by the Debtor, on an hourly fee basis. Baker Tilly will receive a flat fee of $21,000 for preparation of the 2025 federal and California state tax returns. For other services, the firm will charge hourly rates ranging from $150 to $835. Baker Tilly Advisory Group, LP 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: Sara Harper BAKER TILLY ADVISORY GROUP, LP 3558 Round Barn Boulevard Suite 300 Santa Rosa, CA 95403 United States of America Telephone: (707) 527 0800 Facsimile: (707) 575 1712 About Adelaida Cellars, Inc Adelaida Cellars, Inc. is a family-owned and operated winery in Paso Robles, Calif. Adelaida Cellars sought Chapter 11 petition (Bankr. C.D. Calif. Case No. 24-11409) on December 13, 2024, with $10 million to $50 million in both assets and liabilities. Nicholas D. Rubin, chief restructuring officer of Adelaida Cellars, signed the petition. Judge Ronald A Clifford, III oversees the case. The Debtor is represented by Hamid R. Rafatjoo, Esq., at Raines Feldman Littrell, LLP. AI ERA CORP: Posts $2.2MM Q2 Net Income Despite Going Concern Doubt ------------------------------------------------------------------- AI Era Corp. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net income of $2.2 million for the three months ended February 28, 2026, compared to a net income of $214,931 for the same period in the prior year. For the six-month period ended February 28, 2026, the Company reported a net income of $2.6 million, compared to a net income of $164,895 in the corresponding prior-year period. Total revenues for the three months ended February 28, 2026 were $4.1 million, compared to $1.1 million in the prior-year period. Tota revenues for the six months ended February 28, 2026 increased to $5.7 million from $1.7 million in the same period of the prior year. As of February 28, 2026, the Company had limited cash, an accumulated deficit of approximately $7.8 million and a working capital deficit of approximately $1.6 million. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing and achieving operating profits. These factors, among others, raise the substantial doubt regarding the Company's ability to continue as a going concern. The future operations of the Company depend on its ability to realize forecasted revenues, achieve profitable operations, and depend on whether or not the Company could obtain continued financial support from its stockholders or external financing. Management's plans include: (i) continued utilization of the $30 million equity purchase agreement entered into with Monroe Street Capital Partners, LP on February 21, 2026, (ii) expected cash flows from expanded licensing of short-form drama content for AI training and uFilm SaaS platform, (iii) additional private placements and convertible note financings, and (iv) ongoing financial support from the President. These actions are expected to provide sufficient liquidity to fund operations for at least the next 12 months. However, there can be no assurance that these plans will be successful, if required, would be available on favorable terms or at all. If the Company is not able to secure additional funding, the implementation of our business plan will be impaired. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provide the opportunity for the Company to continue as a going concern. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/4xj7sv4w About AI Era Corp. AI Era Corp. (formerly AB International Group Corp.) is an intellectual property investment, acquisition, and licensing company focused primarily on the entertainment media sector. The Company acquires copyrights and broadcast rights for movies, television series, and short-form drama series, which it monetizes through licensing (broadcast and download), embedded marketing services, AI-enhanced consulting, and direct copyright sales. In addition, the Company operates the Mt. Kisco Theatre in Mount Kisco, New York, generating revenue from ticket admissions, concessions, and on-screen advertising. As of February 28, 2026, the Company had $9 million in total assets, $2.8 million in total liabilities, and $6.2 million in total stockholders' equity. ALEXANDER CADE: Seeks to Tap Stephanie's Accounting as Accountant ----------------------------------------------------------------- Alexander Cade Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Stephanie M. Roberts of Stephanie's Accounting PLLC as its accountants. The firm will provide these services: (a) file federal income tax returns for 2023, 2024, and 2025; and (b) perform the accounting work described in accordance with the billing rates detailed in the Engagement Letter. The firm's original engagement required $1,000 retainer deposits; however, the updated engagement letter calls for monthly retainer payments of $2,500. Stephanie's Accounting PLLC has represented that it has no connections with the Debtor, creditors, or other parties in interest, and holds no interest adverse to the Debtor or the estate. The firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 327, according to court filings. The firm can be reached at: Stephanie M. Roberts, CPA STEPHANIE'S ACCOUNTING PLLC 14745 W State Hwy 29, Suite D Liberty Hill, TX 78642 About Alexander Cade Enterprises, Inc Alexander Cade Enterprises, Inc is a Texas-based company engaged in retail and commercial operations, providing a range of goods and services to local and regional markets. Alexander Cade Enterprises, Inc sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10110) on January 23, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Shad M. Robinson handles the case. The Debtor is represented by Robert Chamless Lane, Esq., The Lane Law Firm PLLC. ALLIANCE HOME: No Patient Complaints, 1st PCO Report Says --------------------------------------------------------- Tamar Terzian, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Eastern District of California her first interim report regarding the quality of patient care provided by Alliance Home Health & Hospice, LLC. In the report which covers the period Feb. 10 to April 10, the PCO noted that the Debtor's home health department has a separate dedicated staff. All patients are within proximity to Daly City. The PCO conducted a site visit of Debtor's Daly City office. PCO interviewed the Director of Nurses, ("DNO") and other staff members. PCO reviewed Debtor's last survey, staff licenses, and medical records in Daly City. The PCO conducted home visits of patients through efforts of the DNO. The PCO observed the RNs at the patients' homes. Each Registered Nurses ("RNs") visits about 15 patients per month. The family provides a plan of care stated by the doctors depending on the situation. The PCO found that the patients are well monitored, and the nurses had knowledge of the patients' needs. The home was clean and had ample medical supplies for the patients' needs. The patients visited one hour of care per visit which is normally two to three times a week. PCO interviewed patients' family members and was able to confirm the continued standard of care. The PCO asserted that her observation of the RN and Licensed Vocational Nurse ("LVNs") in charge was positive as they are fully trained by the Debtor to assure the patients are safe and have the proper medication or medical equipment based on each patient's needs. The LVN is trained for emergency issues and assist the families in the daily care of the patients. Through the efforts of the LVN patient remains in stable and improve in their condition with the daily therapy received. Moreover, the Debtor has received no complaints from any patient or with respect to the caregivers. The PCO has received no complaints from the various patients visited for this interim report. The families of the patient had no complaints with the level of care provided by the LVN. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=ShwNtI from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian, Esq. Terzian Law Group, a PC 1122 E. Green Street Pasadena, CA 91106 Telephone: (818) 242-1100 Facsimile: (818) 242-1012 Email: tamar@terzlaw.com About Alliance Home Health & Hospice, LLC Alliance Home Health & Hospice, LLC provides home health and hospice care services, including skilled nursing, wound and diabetic care, therapy services, medical social work, and home health aide support for patients receiving care in their homes. The Company is based in Daly City, California, and serves San Francisco and surrounding areas. It develops and delivers individualized home health care services in coordination with patients and healthcare providers. On January 1, 2026, Alliance Home Health & Hospice, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-20001). The filing reports total assets of $234,526 and total liabilities of $1,822,524. The case is assigned to Bankruptcy Judge Christopher D. Jaime. The debtor is represented by Arasto Farsad, Esq., of Farsad Law Office, P.C. ALPHA BEDDING: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Alpha Bedding LLC Alpha Tekniko 1400 Rose Rd Lake Zurich, IL 60047-1590 Business Description: Alpha Bedding LLC, doing business as Alpha Tekniko, is a Lake Zurich, Illinois-based contract manufacturer that was founded in 2008 and produces medical mattresses, cushions and pads. The company provides custom support surface design, product development, prototype creation, design verification and full-service production, along with consulting services related to support surfaces. It serves durable medical equipment and healthcare customers, including medical OEMs, healthcare distributors, refurbishers, resellers, rental companies and product developers, and manufactures in a 55,000-square-foot plant. Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-06826 Judge: Hon. David D Cleary Debtor's Counsel: David P Leibowitz, Esq. LAW OFFICES OF DAVID P LEIBOWITZ, LLC 3352 N Sheffield Ave Chicago IL 60657-2213 Tel: (312) 662-5750 Email: dleibowitz@lakelaw.com Total Assets: $955,771 Total Liabilities: $2,104,383 The petition was signed by Theodosius Lazakis 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/KI46B7Y/Alpha_Bedding_LLC__ilnbke-26-06826__0001.0.pdf?mcid=tGE4TAMA ALSANGEST INTERNATIONAL: Has Deal on Cash Collateral Access ----------------------------------------------------------- Alsangest International, LLC and the U.S. Small Business Administration advise the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The agreement arises from the Debtor's April 6 Chapter 11 filing and is based on a prepetition SBA COVID Economic Injury Disaster Loan that ultimately reached approximately $738,400 in principal and had grown to about $793,052 as of the petition date. The SBA's loan is secured by a broad, blanket lien on substantially all of the Debtor's tangible and intangible personal property, including inventory, equipment, accounts, deposit accounts, general intangibles, and all proceeds thereof, perfected through UCC-1 and UCC-3 filings. The stipulation recognizes that certain portions of this collateral constitute cash collateral under 11 U.S.C. section 363, primarily including operating revenues and related proceeds, and reflects the parties' agreement permitting the Debtor to use such cash collateral on an interim basis from April 6 through June 27 to fund ordinary and necessary business expenses while the bankruptcy case proceeds. As adequate protection for the SBA's interest, the stipulation grants the SBA a post-petition replacement lien on the Debtor's post-petition revenues and similar assets to the extent of any diminution in the value of its collateral caused by the Debtor's use of cash collateral. This replacement lien is deemed valid, binding, enforceable, and automatically perfected as of the petition date without further action, but expressly excludes avoidance actions and related Bankruptcy Code claims. The SBA is also granted a super-priority administrative claim under 11 U.S.C. sections 503(b) and 507(b) to the extent its collateral value declines. In addition, the Debtor agrees to make structured adequate protection payments, including an initial $1,835 payment by May 1 and ongoing monthly payments of $3,670 thereafter, consistent with the SBA loan terms. The stipulation further restricts certain uses of cash collateral, including prohibiting insider payments absent compliance with Bankruptcy Code and local rules, and requires the Debtor to maintain insurance on collateral and provide financial reporting. A copy of the stipulation is available at https://urlcurt.com/u?l=kHSsIe from PacerMonitor.com. About Alsangest International LLC Alsangest International, LLC is a business entity engaged in international trade and consulting services, supporting cross-border commercial activities. Alsangest International, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10722) on April 6, 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 Victoria S. Kaufman handles the case. The Debtor is represented by Thomas B. Ure, Esq. of Ure Law Firm. AMBAR TRANSPORTATION: Seeks Cash Collateral Access -------------------------------------------------- Ambar Transportation, Inc. asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection. The Debtor attributes its financial distress primarily to debt incurred during and after the COVID-19 pandemic, including obligations to the U.S. Small Business Administration and JPMorgan Chase Bank, both of which are identified as secured creditors. The Debtor explains that it has approximately $770,467 owed to the SBA and about $110,440 owed to Chase, both secured by UCC-1 filings, along with a smaller workers' compensation judgment of $21,000. Based on the Debtor's estimated asset value of roughly $124,107, most of the SBA debt is undersecured, while Chase and the workers' compensation claim are considered wholly unsecured. The SBA is identified as the only creditor entitled to adequate protection, and the Debtor proposes monthly adequate protection payments of $931 to that creditor. Ambar requests authority to use approximately $153,700 in cash collateral over a three-month period (April 1 through June 30), subject to a detailed operating budget, to cover essential business expenses including payroll, operations, insurance, rent, and maintenance. It argues that continued use of cash collateral is necessary to maintain operations and maximize the value of the estate for creditors. In exchange, the Debtor proposes granting replacement liens in post-petition assets to secured creditors to protect against any diminution in value, along with standard protections such as reporting requirements, insurance maintenance, and budget compliance. A copy of the motion is available at https://urlcurt.com/u?l=i7RjBl from PacerMonitor.com. About Ambar Transportation Inc. Ambar Transportation, Inc. is a New York-based transportation company operating under a New York City Taxi & Limousine Commission for-hire vehicle base license. Ambar Transportation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 26-41612) on April 1, 2026, listing up to $50,000 in assets and up to $1 million in liabilities. Ramon Corona, president of Ambar Transportation, signed the petition. Judge Jil Mazer-Marino oversees the case. Mark E. Cohen, Esq., at BFSNG Law Group, LLP, represents the Debtor as bankruptcy counsel. AMENTUM HOLDINGS: S&P Rates Proposed Senior Secured Debt 'BB' ------------------------------------------------------------- S&P Global Ratings assigned its 'BB' issue-level rating and '3' recovery rating to U.S.-based government services provider Amentum Holdings Inc.'s (BB/Stable/--) proposed senior secured debt comprising a $1.4 billion term loan A and repriced $1.6 billion term loan B. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 65%) recovery in the event of a default. S&P's 'BB-' issue-level rating and '5' recovery rating on the company's $1 billion senior unsecured notes are unchanged. The '5' indicates its expectation for modest recovery (10%-30%; rounded estimate 10%) in its simulated default scenario. Based on the proposed transaction, Amentum is first upsizing its revolving credit facility due September 2029 to $1 billion from $850 million. Second, it will use proceeds from the proposed term loan A to repay a portion of its existing term loan B. Third, S&P expects the company will amend its existing credit agreement to reduce interest margin by 25 basis points for the remaining $1.6 billion of term loan B debt. S&P said, "We expect this will generate modest cash interest savings over the next few years and improve the liquidity somewhat. We view the transaction as leverage neutral, and our 'BB' issuer credit rating and stable outlook on the company are unchanged." Issue Ratings--Recovery Analysis Key analytical factors -- S&P said, "We rate the company's proposed $1.4 billion term loan A due 2031, its repriced $1.6 billion first-lien term loan B due Sept. 27, 2031, and its $1 billion senior unsecured notes due Aug. 1, 2032. We do not rate its proposed upsized $1 billion cash revolver due Sept. 27, 2029, nor its $400 million master accounts receivable purchase agreement (MARPA) facility." -- S&P's simulated default scenario assumes a default in 2031 due to the loss of significant customer contracts that reduces cash flow. -- S&P values the company on a going-concern basis using a 5x multiple of our projected emergence EBITDA, in line with the multiple it uses for Amentum's peers in the aerospace and defense industry. -- S&P assumes 85% of the revolver is drawn in a default scenario, consistent with our assumption for most other corporate issuers. -- S&P assumes 60% of the securitization facility is drawn in a default scenario, and it treats it as a priority claim. Simulated default assumptions -- Simulated year of default: 2031 -- EBITDA at emergence: $585 million -- EBITDA multiple: 5x -- Jurisdiction: U.S. Simplified waterfall -- Net enterprise value (after 5% administrative costs): $2.8 billion -- Valuation split (obligors/nonobligors): 75%/25% -- Collateral value available to lenders of first-lien debt: $2.3 billion -- First-lien debt claims: $3.5 billion --Recovery expectations 50%-70% (rounded estimate: 65%) -- Total value available to unsecured claims: $243 million -- Total unsecured debt claims: $2.3 billion --Recovery expectations 10%-30% (rounded estimate: 10%) AMIREPAIR INC: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- Amirepair I, Inc. got the green light from the U.S. Bankruptcy Court for the Eastern District of California, Fresno Division, to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral and set a further hearing for May 6. The Debtor intends to use cash collateral generated from pre-petition receivables to cover essential operating expenses. The Debtor identifies multiple creditors, including Hanmi Bank, Pawnee Leasing, Bell Bank, Mulligan Funding, and the U.S. Small Business Administration but asserts that only Hanmi Bank holds a perfected security interest in pre-petition accounts receivable and their proceeds, making it the primary secured creditor with a claim to cash collateral. Other creditors are described as having liens limited to equipment or being unperfected. Amirepair offers protection to Hanmi Bank through replacement liens on post-petition receivables, weekly financial reporting, maintenance of insurance, and strict adherence to an approved emergency budget. About Amirepair I Inc. Amirepair I, Inc., doing business as Precision Automotive Paint & Collision, is a Nevada-based company operating an automotive repair, paint, and collision shop in Lake Isabella, California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-11617) on April 10, 2026. In the petition signed by Ashley Miller, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jennifer E. Niemann oversees the case. Lisa Holder, Esq., at Lisa Noxon Holder, PC, represents the Debtor as legal counsel. AMNEAL PHARMACEUTICALS: Moody's Ups CFR to 'Ba3', Outlook Stable ---------------------------------------------------------------- Moody's Ratings upgraded the ratings of Amneal Pharmaceuticals, LLC (Amneal), including the Corporate Family Rating to Ba3 from B1, and Probability of Default Rating to Ba3-PD from B1-PD. Concurrently, Moody's upgraded the rating of the senior secured first lien term loan and rating of the senior secured notes to Ba3 from B1. The company's Speculative Grade Liquidity Rating is unchanged at SGL-1. The outlook was revised to stable from positive. The ratings upgrade reflects Amneal's growing earnings and improved credit metrics, which Moody's believes will be sustained, underpinned by its branded portfolio and new product launches. Moody's expects the company will benefit from material growth in sales of Crexont and Brekiya franchises, which along with launches across biosimilars and injectables products will drive top and bottom-line growth, resulting in debt-to-EBITDA improving towards 3.5x, over the next 12 months. In addition, Amneal stands to benefit from collaboration agreement with Metsera (which was subsequently acquired by Pfizer Inc.), to develop and supply a portfolio of glucagon-like peptide-1 and metabolic medicines, providing opportunity for more durable future earning streams. Moody's also expects the company will maintain conservative financial policy along with strong liquidity supported by ample positive free cash flow. Governance risk considerations are a key driver of this rating action, reflecting the company's track record of a more conservative approach to managing its balance sheet, partially reflected in reduced net leverage to 3.5 times, on management's basis. RATINGS RATIONALE Amneal's Ba3 Corporate Family Rating reflects its moderate size and scale by revenue compared to generic pharmaceutical peers, and its moderately high financial leverage with gross debt/EBITDA of 4.0x as of December 31, 2025, on Moody's adjusted basis. Amneal has significant concentration in the US where it faces earnings volatility in its generics business due to pricing pressure on its base of existing products. However, Amneal generates nearly 50% of operating profit from its specialty branded drugs. In addition, the Avkare distribution business and contribution from portfolio of biosimilar drugs help mitigate the volatility in its generics business. Amneal's rating also reflects its significant manufacturing capacity in the US and India, as well as its advancing complex drug development and in-house active pharmaceutical ingredient (API) production. The SGL-1 speculative grade liquidity rating reflects Moody's expectations that Amneal will maintain very good liquidity over the next 12 months. Amneal's unrestricted cash balance as of December 31, 2025 was roughly $282 million. Moody's expects Amneal will generate free cash flow of over $200 million, over the next 12 months. Moody's believes these sources will be sufficient to meet company's operational needs. Amneal's liquidity is bolstered by access to a $600 million asset-based revolver that expires in August 2030. At December 31, 2025, the revolving facility was undrawn. Amneal's senior secured first lien term loan and senior secured notes do not have financial maintenance covenants. The revolver has a springing minimum fixed charge coverage ratio. While Moody's do not believe the covenant will be tested over the next twelve months, Moody's anticipates company to maintain ample cushion. Amneal's $2.1 billion senior secured term loan due 2032, and $600 million senior secured notes due 2032, are both rated Ba3, the same as the corporate family rating. This is because the senior secured term loan and senior secured notes represent preponderance of the debt in Amneal's capital structure. The rating reflects term loans' first lien priority on all assets of the borrower, except short term assets such as inventory and receivables on which it has a second lien behind the unrated $600 million ABL revolver. ESG CONSIDERATIONS Amneal's CIS-3 score indicates that ESG considerations have a limited impact on the current credit rating with potential for greater negative impact over time. Amneal's social risk exposures (S-3) include industry-wide risk exposures related to policy and regulatory risk, and high manufacturing compliance standards. In addition, a material percentage of Amneal's revenue is generated in the US, with high exposure to government payors and legislative efforts aimed at reducing drug pricing. Amneal's governance risk exposures (G-3, previously G-4) reflect the company's track record of operating with moderate financial leverage. Additionally, despite being public, Amneal's co-CEOs are founders and own a sizable portion of the company. The stable outlook reflects Moody's expectations that financial leverage will continue to improve through earnings growth, while liquidity will remain strong, supported by meaningful free cash flow, over the next 12-18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The rating could be upgraded if the company demonstrates meaningful growth in scale along with consistent organic revenue and EBITDA growth and sustains debt/EBITDA below 3.25x. A rating upgrade would also require Moody's expectations of financial policies that support the above credit metrics, and maintenance of at least good liquidity, with robust free cash flow. The rating could be downgraded if the company's operating performance materially deteriorates, or if there are negative developments in the commercialization of company's pipeline. Ratings could be downgraded should organic revenue or profit margin weaken, or if debt/EBITDA is sustained above 4.0x. Deterioration of liquidity highlighted by weakening in free cash flow generation, or increased reliance of the revolver facility could also lead to a downgrade. The principal methodology used in these ratings was Pharmaceuticals 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. Headquartered in Bridgewater, New Jersey, Amneal Pharmaceuticals, LLC, is a generic pharmaceutical manufacturer with facilities in New York, New Jersey, and India. The company generates most of its revenue in the US, with some presence internationally. Amneal Pharmaceuticals, LLC generated approximately $3.0 billion in revenue for the twelve months ended December 31, 2025. AP CORE: Fitch Hikes LongTerm IDR to 'B', Outlook Stable -------------------------------------------------------- Fitch Ratings has upgraded AP Core Holdings (dba: Yahoo) Long-Term Issuer Default Rating (IDR) to 'B' from 'B-'. The Rating Outlook is Stable. Fitch has also upgraded Yahoo's senior secured debt to 'B+ from 'B-' and revised the Recovery Rating to 'RR3' from 'RR4'. The upgrade reflects Yahoo's improved EBITDA generation following successful execution of sales initiatives and refreshed digital properties. The company underwent advertising technological transitions to Google Ad-Manager (GAM) and Taboola through much of 2023 and 2024, adversely affecting EBITDA during that time. Key Rating Drivers Better Earnings, Improving Leverage: Fitch expects Yahoo's EBITDA to steadily improve over the next 12-24 months. This expected improvement will be driven by successful execution of initiatives to relaunch and modernize its core digital properties, alongside the build-out of a new sales team in early 2025, which should support stronger top-line performance than Fitch previously anticipated. Yahoo faced some operational challenges during its AdTech migration in 2023 and 2024, but performance rebounded sharply in 2025. As a result, Fitch expects EBITDA leverage to stabilize at about 3.0x over the medium term. Refinancing Credit Positive: Yahoo is refinancing their debt stack, which will push its senior secured term loan and revolver maturities by a period of five years. The recent turnaround in the company's earnings profile has resulted in better EBITDA leverage. Coupled with a well-known portfolio of digital properties that continues to attract strong traffic, this will help Yahoo successfully refinance its cap-stack. Well Positioned in a Competitive Space: The digital advertising market remains competitive and fragmented, with dominant scaled platforms like Meta and Google capturing a significant share. However, Yahoo has maintained an established position through its portfolio of category-leading properties, including Finance, Sports, News and Mail. These platforms benefit from strong brand recognition, high quality traffic and a loyal, and a recurring user base, which should support monetization efforts. Although competitive pressures may limit share gains over the medium to long term, Yahoo's ecosystem and direct user relationship, should enable the company to remain competitive. Modest AI Risk: While AI driven search and large language models present potential long-term disintermediation risks for digital publishers, Yahoo's high proportion of direct traffic and sizeable logged-in user base provides relative insulation versus peers more reliant on search traffic. Core properties such as Finance, Sports and Mail attracts repeat visitation and supports continued durable user engagement. Over time, AI may also present incremental opportunities for digital publishers, as industry participants increasingly enter commercial partnerships with large AI-platforms, partially offsetting long-term structural risks. Peer Analysis Red Ventures' rating of 'B+'/ Stable reflects its prominent role in digital marketing as a service provider, leveraging proprietary technology and data analytics to drive customer acquisition for clients. Strategic acquisitions have bolstered scale. Red Ventures generates robust and consistent FCF as result of high operating leverage and minimum capex requirements. Yahoo's recent EBITDA generation was challenged in the recent past due to technological transitions. However, Fitch believes this is mostly resolved. If Yahoo sustains its current earnings recovery trajectory, Fitch expects both entities to be rated at the same level. USA TODAY's (fka: Gannett) rating of 'B-'/Stable reflects its position as one of the largest print and digital media brands in the US, with a well-established presence in the U.K. The rating is constrained by the continued structural decline of its print business, while its digital offerings face meaningful competition in each of its end-markets. Yahoo has a relatively better business risk profile, and its financial risk profile has also materially improved. Hence, Yahoo is rated a notch above USA TODAY. Fitch’s Key Rating-Case Assumptions - Mid to high single digit revenue growth in 2026 driven by higher yield optimization supported by the company's investments into their digital assets; - EBITDA margins of around 12% over the medium term supported by a healthy topline and efficient cost structure; - Capex spend of around $240 million in 2026 and 2027; - No M&A or shareholder returns. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb-, Lower), Sector Characteristics (b, Higher), Market and Competitive Positioning (b+, Moderate), Diversification and Asset Quality (b+, Moderate), Company Operational Characteristics (b+, Moderate), Profitability (b+, Moderate), Financial Structure (b, Higher), and Financial Flexibility (b, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. - B+ to CC considerations apply in its analysis and result in no adjustment. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'b'. Recovery Analysis The recovery analysis assumes that Yahoo would be reorganized as a going-concern in bankruptcy rather than liquidated. Fitch has assumed a 10% administrative claim and that the accounts receivable securitization is drawn down by 80%. The revolver is drawn in full. Fitch assumes substantial revenue declines driven by continued advertising weakness as Yahoo is unable to offset competitive threats and its efforts to refresh its product offerings are unsuccessful. Fitch also assumes the company is unable to quickly reduce costs. As a result, GC EBITDA declines to around $250 million. Fitch's GC EBITDA estimate reflects its view of a sustainable, post-reorganization EBITDA level upon which Fitch bases the enterprise valuation. This considers that the company's investment efforts into its digital assets would not be able to offset the competitive pressures it currently faces thereby resulting in lower earnings. Fitch assumes AP Core will receive a going-concern recovery EV multiple of 6.0x GC EBITDA. The multiple is higher than Red Ventures and linear heavy USA TODAY. It is also mostly in line with Fitch's median TMT emergence multiple of 5.5x. The recovery analysis results in a 'B+/RR3' instrument and recovery rating for the company's secured first lien debt, which corresponds to a notch above the company's IDR of 'B'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage sustained above 5.5x; - A sustained deterioration in the earnings profile due to intense competition or technological challenges. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - EBITDA leverage sustained below 3.5x; - EBITDA margins sustained above 12.5%; - Continued expansion of FCF over the rating horizon. Liquidity and Debt Structure As of end-December 2025, Yahoo had total liquidity sources of $603 million comprised of $453 million in cash and $150 million available under its undrawn revolving credit facility. This bodes well compared to just $77 million of contractual obligations falling due within the next 12-months. Fitch expects Yahoo to successfully refinance and extend the maturities of its term loan and revolvers which are falling due in 2027. Fitch expects FCF to be positive over the next 12-18 months, and this should further support liquidity at the firm. According to the company's filings, Yahoo is in compliance with its covenants. Issuer Profile Yahoo offers Internet search, mail, news, finance, sports, entertainment, content, subscription and e-commerce to consumers and digital advertising to businesses. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- AP Core Holdings II, LLC LT IDR B Upgrade B- senior secured LT B+ Upgrade RR3 B- ARROWHEAD: Trustee Loses Bid for Summary Judgment in NextGear Case ------------------------------------------------------------------ Judge Mitchell L. Herren of the United States Bankruptcy Court for the District of Kansas denied the motion for summary judgment filed by Darcy Williamson, Chapter 7 Trustee of Debtor Arrowhead Financial ITC, LLC, in the adversary proceeding captioned as Darcy D. Williamson, Chapter 7 Trustee, Plaintiff, vs. NextGear Capital, Inc, Defendant, Adv. No. 23-05035 (Bankr .D. Kan.). NextGear Capital, Inc.'s cross-motion for summary judgment is also denied. Plaintiff Darcy Williamson, Chapter 7 Trustee, brought this adversary proceeding under 11 U.S.C. Sec. 548(a)(1)1 to avoid transfers of $141,572.41 from Debtor Arrowhead Financial ITC, LLC to Defendant NextGear Capital, Inc. Plaintiff argues these transfers are both actually and constructively fraudulent under Sec. 548(a)(1). Plaintiff also seeks recovery of the transferred funds under Sec. 550(a) and disallowance of Defendant's claim under Sec. 502(d). Defendant denies the loan repayments are avoidable as fraudulent transfers and argues further that, even if the transfers were fraudulent, Defendant should prevail because it took for value and in good faith as required by Sec. 548(c)'s affirmative defense. Both Plaintiff and Defendant moved for summary judgment. Prior to 2020, Adam Newbrey formed used-car dealerships in Kansas, including iDeal Enterprises, LLC d/b/a iDeal Motors and Midwest Wholesale, LLC d/b/a Kansas Motor Company. Many dealers fund their dealerships using "floorplan" loans from lenders like Defendant. In late 2020, Newbrey began discussions about starting a car dealership with a family friend, Dale Hybki. On December 11, 2020, Hybki formed the Debtor, Arrowhead Financial ITC, LLC, d/b/a Dale's Truck Sales (Arrowhead) with Newbrey's assistance. Newbrey represented to Hybki that he was knowledgeable and experienced in the used car business and would teach Hybki how to operate a used car lot. On June 22, 2021, that Arrowhead applied for its first floorplan loan with Defendant, which Defendant approved on June 28, 2021. All told, Arrowhead would receive forty-eight floorplan loans from Defendant, and while the details of these loans varied from vehicle to vehicle, the process to acquire them, as well as the terms and agreements surrounding them, were largely identical. Newbrey traveled to different vehicle auctions bidding on, purchasing, and selling vehicles on Arrowhead's behalf. In late October 2021, Newbrey indirectly confessed to Hybki he had been using Arrowhead's floorplans, business structure, and finances for improper purposes. Hybki claims he was unaware of Newbrey's improper actions prior to October 2021. On or about November 1, 2021, Hybki closed Arrowhead. Later, Arrowhead filed a Chapter 11 bankruptcy petition on February 1, 2022. The parties agree Hybki was the sole member and owner of Arrowhead. It is not disputed that Hybki authorized Newbrey to act as Arrowhead's agent with respect to purchasing vehicles, managing Arrowhead's floorplans, and directing Arrowhead's operations and finances. It is also not disputed that Hybki expressly authorized Newbrey to acquire floorplans from lenders, like Defendant, to purchase inventory for Arrowhead and to make repayment on those floorplans using Arrowhead's bank account. What remains in dispute revolves around: the characterization of the transactions between the sellers, Arrowhead, and Defendant; whether Arrowhead "purchased" and "owned" certain vehicles; the timing and legitimacy of vehicle title transfers; the scope of Newbrey's agency and the intent behind Newbrey's actions; the scope of Hybki's involvement with Arrowhead's finances and floorplan loans, and whether Defendant acted in good faith. In this case, Plaintiff contends that Arrowhead received no value for these transfers. Instead, Plaintiff alleges no reasonably equivalent value could have been given to Arrowhead because the vehicle purchases were either "sham purchases" or the vehicles were later embezzled by Newbrey. Thus, according to Plaintiff, Newbrey usurped any value Arrowhead would have received from the transfers through and by his fraud, gave that value to himself and his affiliates, and rendered the transfers valueless. In other words, no value was given because the purchases rendered no benefit to Arrowhead. The Court emphasizes several factual disputes remain concerning the value conferred to Arrowhead, Arrowhead's solvency, the scope of Newbrey's agency and his actions, Arrowhead's title to and ownership of each vehicle, how the vehicles were purchased, and exactly who they were purchased for. These fact-intensive questions cannot be determined on summary judgment based on the parties' competing arguments and briefing. Evidence must be presented regarding these issues. The Court concludes resolution of both the constructive fraud allegations under Sec. 548(a)(1)(B) and the actual fraud allegations under Sec. 548(a)(1)(A) are not possible at the summary judgment stage because material facts remain disputed. According to the Court, as to Defendant's good faith, substantial facts remain in dispute. The record remains unclear at this stage whether Defendant had any actual or constructive knowledge of Newbrey's fraudulent actions or intent when it advanced any one of the twenty-two floorplan loans at issue in this case to Arrowhead, or as it followed up on the location of vehicles. The Court says despite the voluminous briefing, this case remains replete with contentious factual disputes that are both genuine and material to the resolution of the case. Thus, the Court denies the competing motions for summary judgment. The Court schedules a pretrial conference at 10:30 a.m. on May 14, 2026, when the Court and parties will discuss next steps and set a date for trial A copy of the Court's Order dated April 14, 2026, is available at http://urlcurt.com/u?l=avRLYRfrom PacerMonitor.com. About Arrowhead Financial ICT Arrowhead Financial ICT, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case No. 22-10066) on Feb. 1, 2022, listing as much as $1 million in both assets and liabilities. Judge Mitchell L. Herren oversees the case. Mark Lazzo, Esq., and Justin Balbierz, Esq., at Mark J. Lazzo, P.A. serves as the Debtor's bankruptcy attorneys. The case was converted to Chapter 7 on May 2, 2022. ARTIFICIAL INTELLIGENCE: Applies to Move to OTCQB Venture Market ---------------------------------------------------------------- Artificial Intelligence Technology Solutions, Inc. has filed an application to uplist its common stock to the OTCQB Venture Market, a higher tier within the OTC Markets Group. The Company's shares currently trade on the OTCID Basic Market. The OTCQB application remains subject to approval by OTC Markets, and no assurance can be given that the uplisting will be completed. Uplisting from the OTC Pink or OTCID market to the OTCQB Venture Market signals a meaningful step in accountability and market readiness. Unlike lower tiers, OTCQB requires audited financials, current and consistent reporting, minimum pricing standards, and ongoing executive certification, placing companies under materially greater scrutiny. For investors, that added structure can translate into improved transparency, stronger credibility, and broader participation from brokers and institutions that often avoid lower tiers. Reaching OTCQB is not procedural. It requires operational discipline, financial commitment, and structural alignment, making it a deliberate move toward a more established capital markets profile. "We've been intentional about raising the standard of this Company across every dimension, and this is another step in that direction," said Steve Reinharz, CEO/CTO and founder of AITX and all RAD subsidiaries. "OTCQB isn't a finish line for us, it's a checkpoint. It reflects the work we've already done to strengthen the business, and the expectations we're setting for where we're going. We're building this Company to meet higher levels of performance, visibility, and accountability, and that's exactly what this move supports." The Company believes its continued progress toward operational profitability, expanding recurring monthly revenue, and ongoing investment in software, artificial intelligence, and manufacturing have positioned it to pursue this advancement. Through its subsidiaries, AITX continues to expand its deployment footprint across multiple industries while advancing SARA™ as a core element of its long-term growth strategy. The Company will provide updates as appropriate regarding the status of its OTCQB application. This step reflects AITX's continued focus on strengthening its capital markets profile and aligning its structure with the scale and trajectory of the business as it attempts to advance toward higher levels of market participation. About Artificial Intelligence Technology Headquartered in Ferndale, Mich., Artificial Intelligence Technology Solutions Inc. provides artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges, and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, allowing experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced costs. AITX solutions are well-suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. Deer Park, Ill.-based L J Soldinger Associates, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated May 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, citing that the Company had negative cash flow from operating activities of approximately $12.2 million, an accumulated deficit of approximately $156.5 million and negative working capital of approximately $2.5 million as of and for the year ended February 28, 2025, which raises substantial doubt about its ability to continue as a going concern. As of November 30, 2025, the Company had $9.63 million in total assets, $58.33 million in total liabilities, and a total stockholders' deficit of $49.58 million. ASBESTOS CORPORATION: Court Sets Sept. 10 Asbestos Claims Bar Date ------------------------------------------------------------------ IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C., 1985, C. C-36, OF: ASBESTOS CORPORATION LIMITED Debtor/Co-Applicant -and- CERTAIN UNDERWRITERS AT LLOYD'S, LONDON -and- TENECOM LIMITED -and- THE OCEAN MARINE INSURANCE COMPANY LIMITED -and- NRG VICTORY REINSURANCE LIMITED -and- THE SCOTTISH LION INSURANCE COMPANY LIMITED CLMI/Co-Applicants -and- RAYMOND CHABOT INC., Monitor, on May 6, 2025 (the "Determination Date"), the Superior Court of Quebec (Commercial Division) (the "Court") issued an Initial Order (which was rectified on May 7, 2025, and amended and restated on May 15, 2025, and thereafter from time to time) pursuant to the Companies' Creditors Arrangement Act (the "CCAA") appointing Raymond Chabot Inc. (the "Monitor") to act as Monitor with regard to the entirety of the property, assets, rights, and obligations of Asbestos Corporation Limited (the "Debtor"). On December 12, 2025 and January 6, 2026 (as rectified on January 7, 2026), the Court issued two claims bar date orders, which will allow the Debtor and the Monitor to identify all existing claims, including asbestos claims against the Debtor, General Dynamics and/or the Insurers (collectively, the "Bar Date Orders"). On March 6, 2026, the Monitor issued the Monitor's Claims Bar Date Certificate. Capitalized terms in this Notice have the meanings ascribed to them in the Bar Date Orders, which can be found on the Monitor's website, along with summaries of the sales of asbestos by ACL in Canada and the U.S. for the sole purpose of evaluating or advancing your position in the Insolvency Proceedings including for the completion of a proof of claim and all documentation relating to the restructuring process, at the following address: https://www.raymondchabot.com/en/business/public-records/asbestos-corporation/. Covered by this notice is any person who may have an Existing Asbestos Claim against the Debtor or General Dynamics Corporation or its affiliates and any successors, and/or any of their respective predecessors, successors, current or former employees, directors, officers, agents, representatives, assigns, or any of their respective Insurers, or another type of claim against the Debtor and/or any of its predecessors, current or former employees, directors, officers, agents, representatives, assigns (an "Other Existing Claim" and, together with any Existing Asbestos Claim, an "Existing Claim"). Any such person should carefully review and comply with the provisions of the applicable Bar Date Orders. In accordance with the Bar Date Orders, any person having an Existing Claim must send a Proof of Claim to the Monitor, to be received by the Monitor by no later than September 10, 2026 (being the "Claims Bar Date" as established by the Monitor's Claims Bar Date Certificate) at one of the following coordinates: By mail, courier or registered mail – Canada: Raymond Chabot Inc. Attention: Asbestos Corporation Limited National Bank Tower 600 De La Gauchetiere Street West Suite 2000 Montréal, Québec H3B 4L8 By mail, courier or registered mail – U.S. Grant Thornton NYC Attention: Asbestos Corporation Limited 757 Third Ave. 9th Floor New York, NY 10017 By facsimile: 800-711-1070 By email: asbestoscorp@rcgt.com Online (on the Monitor's Claims Process Website) only for Existing Asbestos Claims: ACLClaims.com Claimants who fail to file a Proof of Claim regarding an Existing Claim with the Monitor (at the contact information listed above) by no later than the Claims Bar Date shall not be entitled to any further notice whatsoever, unless another order is issued by the Court. Moreover, these Claimants (i) shall not be entitled to any further notice; (ii) shall be forever barred from pursuing an Existing Claim; (iii) shall not be entitled to participate as a Claimant in the CCAA Proceedings; (iv) shall not be entitled to vote on any matter in the CCAA Proceedings, including the Plan (if any); (v) shall not be entitled to file an Existing Asbestos Claim or Other Existing Claim; or (vi) shall not be entitled to receive a distribution under the Plan (if any) or under a distribution order approved by the Court. ANY EXISTING ASBESTOS CLAIM OR OTHER EXISTING CLAIM FOR WHICH A PROOF OF CLAIM IS NOT RECEIVED BY THE CLAIMS BAR DATE SHALL BE FOREVER BARRED AND EXTINGUISHED. Persons requiring additional information about claims bar process or documents, including the Bar Date Orders and the Instruction Letter, may consult the Monitor's Claims Process Website at ACLClaims.com or may contact the Monitor at the following coordinates: asbestoscorp@rcgt.com AURORA FUEL: Joseph DiOrio Named Subchapter V Trustee ----------------------------------------------------- William Harrington, the U.S. Trustee for Region 1, appointed Joseph DiOrio of Pannone Lopes Devereaux & O'Gara LLC as Subchapter V trustee for Aurora Fuel Company, Inc. Mr. DiOrio will be paid an hourly fee of $525 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. DiOrio declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached: Joseph M. DiOrio Pannone Lopes Devereaux & O'Gara LLC Northwoods Office Park, Suite 215 N 1301 Atwood Avenue Johnston, RI 02919 401.824.5180 Email: jdiorio@pldolaw.com About Aurora Fuel Company Inc. Aurora Fuel Company, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Rhode Island Case No. 26-10315) on April 7, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge John A. Dorsey Jr. presides over the case. Thomas P. Quinn, Esq., at Mclaughlinquinn, LLC represents the Debtor as legal counsel. AXIP ENERGY: Court Sets May 4, 2026 General Bar Date ---------------------------------------------------- In re: AXIP ENERGY SERVICES, LP, et al., Debtors (Bankr. S.D. Tex. Lead Case No. 26-90338), on February 22, 2026 (the "Petition Date"), Axip Energy Services, LP and certain of its affiliates, as debtors and debtors in possession (collectively, the "Debtors") filed voluntary cases under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Court"). Set forth below are the name, case number, and last four digits of the federal tax identification number for each of the Debtors: Axip Energy Services, LP - Case No. 26-90338; EID# 9220 Axip Energy Services Management, LLC - Case No. 26-90340; EID# 9986 Axip Holdings, LLC - Case No. 26-90343, EID# 6302 Axip Leasing Company, LLC - Case No. 26-90337; EID# 5678 Axip Producer Services – Marcellus I, LLC, Case No. 26-90342; EID# 3312 Axip Producer Services, LLC - Case No. 26-90341; EID# 4792 E3 Compression Holdings LLC - Case No. 26-90339; EID# 0825 On April 7, 2026, the Court entered an order (the "Bar Date Order") in the Chapter 11 Cases establishing certain deadlines for filing proofs of claim. Pursuant to the Bar Date Order, the Court has established: * May 4, 2026 at 5:00 p.m. (prevailing Central Time) as the general bar date for filing prepetition claims in the Debtors' Chapter 11 Cases (the "General Bar Date"); * August 21, 2026 at 5:00 p.m. (prevailing Central Time) as the bar date for Governmental Units to file proofs of claim (the "Governmental Bar Date"); * the later of (i) the General Bar Date or the Governmental Bar Date, as applicable, and (ii) 5:00 p.m. (prevailing Central Time), on the date that is 21 days from the date on which the Debtors provide notice of a previously unfiled Schedule or amendment or supplement to the Schedules (as defined herein) as the bar date for claimants holding claims affected by such filing, amendment, or supplement to file proofs of claim (the "Amended Schedules Bar Date"); and * the later of (i) the General Bar Date or the Governmental Bar Date, as applicable, and (ii) 5:00 p.m. (prevailing Central Time) on the date that is 21 days following service of an order approving the rejection of any executory contract or unexpired lease of the Debtors as the bar date for claimants asserting claims resulting from the Debtors' rejection of an executory contract or unexpired lease to file Proofs of Claim for damages arising from such rejection (the "Rejection Damages Bar Date"). Persons and entities must file proofs of claim so that it is received on or before the applicable Bar Date. Proofs of claim may be submitted: (i) electronically through Epiq's website, using the interface available on such website located at https://dm.epiq11.com/case/axip, (ii) by delivering the original Proof of Claim Form by first-class mail to: Axip Energy Services, LP Claims Processing c/o Epiq Corporate Restructuring, LLC P.O. Box 4420 Beaverton, OR 97076-4420 (iii) by delivering the original Proof of Claim Form by hand delivery or overnight mail to: Axip Energy Services, LP Claims Processing c/o Epiq Corporate Restructuring, LLC 10300 SW Allen Blvd. Beaverton, OR 97005 or (iv) in a manner that is otherwise acceptable to the Debtors in their sole discretion. Proofs of claim will be deemed filed when actually received by Epiq. Proofs of claim may not be delivered via facsimile or electronic mail transmission. Any facsimile or electronic mail submissions will not be accepted. All Proof of Claim Forms must be signed by the claimant or, if the claimant is not an individual, by an authorized agent of the claimant. The Proof of Claim Form must be completed in English and be denominated in United States currency. You should set forth with specificity the legal and factual basis for the alleged claim and attach to your completed Proof of Claim Form any documents on which the claim is based (or, if such documents are voluminous, attach a summary) or an explanation as to why the documents are not available. Any person or entity asserting claims against multiple Debtors must file a separate proof of claim with respect to each Debtor. In addition, any person or entity filing a proof of claim must identify on its Proof of Claim Form the particular Debtor against which the person or entity asserts its claim. Any proof of claim filed under the Debtors' jointly administered case number in these Chapter 11 Cases or that otherwise fails to identify a Debtor shall be deemed as filed only against Debtor Axip Energy Services, LP. If an entity lists more than one Debtor on any one proof of claim, the relevant claims will be treated as filed only against the first listed Debtor. If you require additional information regarding the filing of a claim, you may contact Epiq at (877) 741-6428 (toll-free) or (503) 713-6160 (Non-U.S.) or by submitting an inquiry through the Debtors' case website at: https://dm.epiq11.com/case/axip. Counsel to the Debtors and Debtors in Possession: Paul E. Heath, Esq. Matthew J. Pyeatt, Esq. Trevor G. Spears, Esq. VINSON & ELKINS LLP 845 Texas Avenue, Suite 4700 Houston, TX 77002 Tel: 713.758.2222 Fax: 713.758.2346 Email: pheath@velaw.com mpyeatt@velaw.com tspears@velaw.com - and - David S. Meyer, Esq. Jessica C. Peet, Esq. 1114 Avenue of the Americas, 32nd Floor New York, NY 10036 Tel: 212.237.0000 Fax: 212.237.0100 Email: dmeyer@velaw.com jpeet@velaw About Axip Energy Services LP Axip Energy Services, LP is a provider of natural gas contract compression services. Axip Energy Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90338) on February 22, 2026. In the petition signed by Ben Chesters, chief restructuring officer, the Debtor disclosed up to $500 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Paul E. Heath, Esq., at Vinson & Elkins LLP represents the Debtor as counsel. Epiq Corporate Restructuring, LLC is the Debtors' claims, noticing, and solicitation agent. BARBEQUE EXCHANGE: Taps Central Virginia Accounting as Bookkeeper ----------------------------------------------------------------- The Barbeque Exchange, L.L.C. seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to employ Central Virginia Accounting, with Erin Dean as the responsible professional, to serve as an ordinary course bookkeeping professional. Ms. Dean and the firm will provide these services: (a) processing and issuing payroll for the Debtor's employees; (b) maintaining the Debtor's QuickBooks and general ledger; (c) maintaining the Debtor's books and financial records; (d) assisting with the preparation of Monthly Operating Reports; (e) assisting with the calculation and payment of taxes, including sales taxes, meals taxes, and employment taxes; and (f) performing other routine bookkeeping and financial administrative functions necessary for the Debtor's ongoing operations. Central Virginia Accounting is compensated in the ordinary course at approximately $1,200 per week. Central Virginia Accounting 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 or its estate, according to court filings. The firm can be reached at: Erin Dean CENTRAL VIRGINIA ACCOUNTING 3153 Chartwood Drive Sandston, VA 23150 Phone: (804) 604-1524 Email: info@centralvaaccounting.com About The Barbeque Exchange L.L.C. The Barbeque Exchange, L.L.C. is a restaurant and food service company specializing in barbecue cuisine and related food offerings. The company serves both dine-in and catering customers and operates within the hospitality industry. The Barbeque Exchange, L.L.C. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-60291) on March 10, 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 Rebecca B. Connelly the case. The debtor is represented by H. David Cox, Esq., of Cox Law Group, PLLC. Richard C. Maxwell serves as the Subchapter V Trustee. BELLA MENTE: Moody's Affirms 'Ba1' Rating on Series 2018A Bonds --------------------------------------------------------------- Moody's Ratings has affirmed the Ba1 rating on Bella Mente Montessori Academy, CA's Series 2018A bonds. This is the school's only outstanding debt and there is approximately $14.5 million of principal outstanding as of fiscal 2025. The outlook is stable. RATINGS RATIONALE Bella Mente Montessori Academy, CA's (Ba1 stable) rating is supported by its strong financial position with over 400 days cash on hand, though the school is relatively small with revenue of only $8.2 million. The school has experienced difficulties in achieving full enrollment and has not recovered from the substantial enrollment losses due to the COVID-19 pandemic. Due to proactive budget management this hasn't negatively impacted the school's financial position, though there was an intentional draw on reserves in fiscal 2025 to bring days cash on hand down to the historic norm following years of surpluses. The school's debt burden is manageable with no future debt plans although coverage remains relatively low at 1.2 times as management works to stabilize reserves while remaining in compliance with bond covenants. RATING OUTLOOK The stable outlook reflects Moody's expectations that the school will continue to aggressively manage its budget to maintain its strong finances and sufficient debt service coverage despite uncertainty in the school's future enrollment prospects. FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING -- Sustained growth in enrollment, particularly if enrollment reaches historic levels of roughly 600 students -- Improved debt service coverage exceeding 1.5x, especially if driven by an enrollment increase FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING -- Bugetary declines that bring liquidity down to below 250 days operations, potentially due to enrollment declines -- Additional debt, especially if future debt service costs require enrollment growth PROFILE Bella Mente Montessori Academy is located in Vista, California in northwestern San Diego County (Aaa stable). The school opened in Fall of 2013 and is currently operating under a charter due for renewal in July 2026, though the school is on track to transition to a renewed five year term. Bella Mente is a TK-8 Montessori school with an enrollment of 407 students as of the 2025-26 school year. METHODOLOGY The principal methodology used in this rating was US Charter Schools published in April 2024. BIG L TIRES: Jerrett McConnell Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for Big L Tires & Auto Service, LLC. Mr. McConnell 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. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About Big L Tires & Auto Service LLC Big L Tires & Auto Service, LLC is a Florida-based automotive service company specializing in tire sales, installation, and vehicle repair. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01530) on April 8, 2026. In the petition signed by Luis Narvaez, member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Jason A. Burgess oversees the case. Thomas Adam, Esq., at Adam Law Group, PA, represents the Debtor as legal counsel. BIGFOOT PARADISE: Case Summary & One Unsecured Creditor ------------------------------------------------------- Debtor: Bigfoot Paradise LLC 11799 E. 30th Ave. Aurora, CO 80010 Business Description: Bigfoot Paradise LLC is a single-asset real estate entity that owns an industrial property at 11799 E. 30th Ave., Aurora, CO 80010, with an estimated value of about $3 million. Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-12679 Judge: Hon. Kimberley H Tyson Debtor's Counsel: Jonathan M. Dickey, Esq. KUTNER BRINEN DICKEY RILEY, P.C. 1660 Lincoln St. Denver, CO 80264 Tel: (303) 832-2400 Email: jmd@kutnerlaw.com Total Assets: $3,005,000 Total Liabilities: $1,424,334 The petition was signed by Kevin M. Merrick as sole member. The Debtor identified Aurora Water, located at 26791 E. Quincy Ave., Aurora, CO 80016, as its sole unsecured creditor, holding a $2,400 claim related to a water bill. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HJYIWTI/Bigfoot_Paradise_LLC__cobke-26-12679__0001.0.pdf?mcid=tGE4TAMA BIGFOOT PARADISE: Commences Chapter 11 Bankruptcy in Colorado ------------------------------------------------------------- On April 20, 2026, Bigfoot Paradise LLC filed for Chapter 11 protection in the District of Colorado bankruptcy court. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on May 28, 2026 at 09:00 AM at Telephonic Chapter 11: Phone 888-330-1716, Access Code 8602461#. About Bigfoot Paradise LLC Bigfoot Paradise LLC is a hospitality and recreational property operator involved in lodging, tourism, or themed destination services. Bigfoot Paradise LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12679) on April 20, 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 Kimberley H. Tyson handles the case. The Debtor is represented by Jonathan Dickey, Esq. of Kutner Brinen Dickey Riley, P.C. BOUND LOGISTICS: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Bound Logistics, LLC 1609 Vauxhall Rd., Suite 201 Union NJ 07083-0001 Business Description: Bound Logistics, LLC operates as an asset-based trucking and logistics company in Union, New Jersey, providing intermodal drayage and container transportation services between port terminals and inland destinations, primarily serving the New York and New Jersey port region. Founded around 2017, the company manages a fleet of trucks and drivers to handle general freight and containerized cargo, while supporting operations with dispatch systems and shipment tracking technologies. Its services include port-to-door delivery, intermodal transport, and logistics coordination for shipping lines, freight forwarders, and other commercial customers. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-14399 Debtor's Counsel: Diana Woody, Esq. SCURA WIGFIELD, HEYER, STEVENS & CAMMAROTA LLP 1599 Hamburg Turnpike Wayne NJ 07470 Tel: 973-696-8391 Email: dwoody@scura.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Nathan Halberstam as authorized representative of the Debtor. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WKZUGMY/Bound_Logistics_LLC__njbke-26-14399__0001.0.pdf?mcid=tGE4TAMA BRASS LLC: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Brass, LLC d/b/a Brass CBD d/b/a Brass Natural Products d/b/a Brass International 109 Chuckwood Road, Suite 109 Mooresville, NC 28117 Business Description: Brass, LLC provides product development and manufacturing services, along with retail strategy, branding and marketing, and retail representation. The company supports dietary supplements, functional food and beverage, personal care, and pet care brands through its network of partners across the product development and commercialization process. Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Western District of North Carolina Case No.: 26-50153 Judge: Hon. Laura T Beyer Debtor's Counsel: Richard S. Wright, Esq. MOON WRIGHT & HOUSTON, PLLC 212 N. McDowell Street Suite 200 Charlotte, NC 28204 Tel: 704-944-6560 Fax: 704-944-0380 Email: rwright@mwhattorneys.com Total Assets: $646,627 Total Liabilities: $1,620,610 The petition was signed by Danielle Renner as 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/KPDI42Q/Brass_LLC__ncwbke-26-50153__0001.0.pdf?mcid=tGE4TAMA BREAKFAST BITCH: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the District of Arizona granted Breakfast Bitch L, LLC interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral strictly in accordance with an approved budget to pay ordinary operating expenses., subject to a 20% variance per line item. Any use of funds outside the approved budget is prohibited. The Debtor projects total operational expenses of $180,505 for the period from April 3 to May 5. The Debtor believes these creditors may claim an interest in the cash collateral: The Arizona Department of Revenue ($773,933.06), Blue Bridge Capital, LLC ($195,079.98), Vivian Capital Group, LLC ($102,794.04), and Arizona Department of Economic Security ($33,977.67). These creditors may claim that the revenue generated is their cash collateral. The Debtor values its collateral at $140,422.66, rendering those creditors undersecured. As adequate protection, any creditor with a valid pre-petition lien will be granted a replacement lien on post-petition assets, with the same validity, priority, and extent as their original liens. The replacement lien is automatically effective without additional filings and continue to protect creditors' secured interests during the interim period. The order preserves all parties' rights and does not constitute a final determination on issues such as lien validity or adequate protection. A final hearing is scheduled for May 5. The order is available at https://is.gd/oWxn7G from PacerMonitor.com. About Breakfast Bitch L LLC Breakfast Bitch L LLC is a hospitality company engaged in restaurant and food service operations, with a focus on casual dining concepts. Breakfast Bitch L LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03289) on April 3, 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 Madeleine C. Wanslee handles the case. The Debtor is represented by D. Lamar Hawkins, Esq. of Guidant Law, PLC. BRIGHT STAR: Gets Final OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, Baltimore Division, entered a final order granting Bright Star Early Learning, LLC approval to use the cash collateral of National Funding, Inc. and Forward Financing, LLC. Under the final order, the Debtor is authorized to use cash collateral in accordance with an approved budget through the confirmation of its reorganization plan. The order restricts any use of cash collateral outside the agreed terms. National Funding and Forward Financing will be granted replacement liens on all post-petition assets of the Debtor, with the same priority and extent as their pre-bankruptcy liens, protecting against any decline in collateral value. Additionally, National Funding will receive monthly payments of $2,435.55. The order provides that these liens are automatically perfected without further filings and preserves all parties' rights to challenge lien validity, priority, or extent. It also allows creditors to seek additional protections or relief, while ensuring the Debtor retains the ability to contest such actions. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Qb6i3 from PacerMonitor.com. National Funding allegedly provided a $75,000 loan in July 2025, though the Debtor's principal does not recall executing the agreement. The loan required repayment of nearly $100,000 through weekly payments and was secured by a broad lien on essentially all of the Debtor's assets, including receivables and cash. National Funding later filed a UCC-1 and initiated litigation for breach of contract after the Debtor defaulted. Meanwhile, Forward Financing entered into a future receivables agreement in September 2025, advancing funds in exchange for payments tied to receivables, and later filed its own UCC-1 asserting an interest in similar collateral. The Debtor argues that Forward Financing's claim is effectively unsecured due to National Funding's prior lien and the limited value of the Debtor's assets. About Bright Star Early Learning LLC Bright Star Early Learning, LLC is a childcare provider operating multiple locations in Maryland. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-12988) on March 20, 2026. In the petition signed by Elizabeth Rosiak, owner and director, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Nancy V. Alquist oversees the case. Jeffrey Orenstein, Esq., at Wolff & Orenstein LLC, represents the Debtor as legal counsel. BSD SIMCHA: UCC Public Sale Scheduled for May 29 ------------------------------------------------ In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York ("NYUCC"), notice is hereby given that Abraham Talassazan ("Secured Party"), will sell certain collateral, including without limitation, all BSD Simcha 26 LLC's ("Debtor") membership interest in Tahor 26 LLC, aDelaware limited liability company, (the "Company") (with such membership interest defined as the "Membership Interests") to the highest qualified bidder at a public sale in accordance with the NYUCC. The sale will take place at 10:15 a.m. prevailing Eastern Time on May 29, 2026, via Zoom. Remote log-in credentials will be provided to registered bidders upon request. Secured Party's understanding, without making any representation, is that Debtor owns 100% of the membership interests of the Company, which owns 100% of the membership interests of Tahor 26 Mezzanine LLC, a Delaware limited liability company, which in turn owns 100% of the membership interests of Tahor 26 Owner LLC, a Delaware limited liability company, which owns a nineteen percent (19%) tenant-in-common interest in the real property commonly known as 295 Madison Avenue, New York, New York, Manhattan Block 1275 Lot 50. The Membership Interests will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition of Collateral, dated March 27, 2026 (the "Notice of Disposition"); provided, however, that Secured Party reserves the right, in accordance with the NYUCC, to cancel the sale in its entirety or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Membership Interests will be sold as a block and will not be divided or sold in any lesser amounts. Interested parties that intend to bid on the Collateral should contact Secured Party's broker, Greg Corbin, at Northgate Real Estate Group, (212) 369-1800 or greg@northgatereg.com, to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by Secured Party's broker, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, will not be permitted to enter a bid. BUIE FUNERAL: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Buie Funeral Home, Inc. d/b/a Buie & Cole Funeral Home 1301 S. Rock St. Sheridan, AR 72150 Business Description: Buie Funeral Home, Inc., doing business as Buie & Cole Funeral Home, is a funeral home based in Sheridan, Arkansas, with another location in Rison. Tracing its beginnings to 1926, the business was purchased by the Cole family in 2018 and was renamed Buie & Cole Funeral Homes in 2024. It provides funeral services, cremations, pre-planning, burial options, veteran services and immediate-need services. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Eastern District of Arkansas Case No.: 26-11590 Judge: Hon. Bianca M Rucker Debtor's Counsel: Vanessa Cash Adams, Esq. LAW OFFICE OF VANESSA CASH ADAMS INC 111 Center Street, Suite 1200 Little Rock, AR 72201 Tel: (501) 940-4332 Email: vanessa@vanessacash.org Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by James Wesley Cole as president. The Debtor has stated in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/346M5WY/Buie_Funeral_Home_Inc__arebke-26-11590__0001.0.pdf?mcid=tGE4TAMA BYRUM'S FLOOR STORE: Gets OK to Use Cash Collateral Until May 3 --------------------------------------------------------------- Byrum's Floor Store received interim approval from the U.S. Bankruptcy Court for the Southern District of Ohio, Western Division, to use cash collateral. The court on April 22 authorized the Debtor's interim use of cash collateral from April 13 to May 3 to pay operating expenses in accordance with its 13-week budget. Under the interim order, payment of certain operating expenses including rent, Chapter 11 trustee fees, and professional fees using cash collateral is prohibited absent further court approval. The order is available at https://is.gd/vgRxsj from PacerMonitor.com. The court will conduct a further hearing on May 4, with objections due by May 1. Byrum's maintains operating deposit accounts at Wright-Patt Credit Union and New Carlisle Federal Savings Bank, from which it pays day-to-day expenses, and these accounts are believed to be subject to blanket liens held by both financial institutions, which also assert security interests in substantially all of the Debtor's assets, including accounts receivable, inventory, equipment, general intangibles, and proceeds thereof. The Debtor offers to provide protection through replacement liens on post-petition cash collateral and its proceeds to the extent of any diminution in value of the secured creditors' interests; a superpriority administrative expense claim under section 507(b) if the replacement liens prove insufficient; maintenance of all customary insurance coverage; and ongoing financial reporting. About Byrum's Floor Store Byrum's Floor Store sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ohio Case No. 3:26-bk-30812) on March 14, 2026. In the petition signed by Kurt A. Byrum, president, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Tyson A. Crist oversees the case. Russ B. Cope, Esq., at Cope Law Offices, LLC, represents the Debtor as bankruptcy counsel. C & S MARKET: Taps Law Offices of Michael Jay Berger as Counsel --------------------------------------------------------------- C & S Market Research LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Michael Jay Berger of Law Offices of Michael Jay Berger to serve as general bankruptcy counsel. Mr. Berger will provide these services: (a) communicating with creditors of the Debtor; (b) reviewing the Debtor's Chapter 11 bankruptcy petition and all supporting schedules to determine if amendments are needed; (c) advising the Debtor of its legal rights and obligations in a bankruptcy proceeding; (d) working to bring the Debtor into full compliance with reporting requirements of the Office of the United States Trustee; (e) preparing status reports as required by the Court; (f) responding to any motions filed in Debtor's bankruptcy proceeding; (g) responding to creditor inquiries; (h) reviewing proofs of claim filed in Debtor's bankruptcy; (i) objecting to inappropriate claims; (j) preparing Notices of Automatic Stay in all state court proceedings in which the Debtor is sued during the pending of Debtor's bankruptcy proceeding; and (k) preparing a Chapter 11 Plan of Reorganization for the Debtor. Mr. Berger will receive an hourly rate of $695, while Sofya Davtyan will be billed at $645 per hour, mid-level associate attorney Robert Potecte at $475 per hour, senior paralegals and law clerks at $275 per hour, and bankruptcy paralegals at $200 per hour. The Applicant received a $25,000 retainer, with pre-petition fees of $1,419 and costs of $1,738. Law Offices of Michael Jay Berger is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Michael Jay Berger, Esq. Sofya Daviyan, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Boulevard, 6th Floor Beverly Hills, CA 90212 Telephone: (310) 271-6223 Facsimile: (310) 271-9805 E-mail: Michael.Berger@bankruptcypower.com Solya.Davtyan@bankruptcypower.com About C & S Market Research LLC C & S Market Research LLC sought relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-10743) on Feb. 25, 2026, listing up to $1 million in both assets and liabilities. Judge Rene Lastreto II oversees the case. The Law Offices of Michael Jay Berger serves as the Debtor's counsel. C & S RESTAURANT: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florid granted C & S Restaurant Group, LLC second interim approval to use cash collateral. Under the second interim order, the Debtor is authorized to use cash collateral to cover ordinary and necessary business expenses, including payments to the Subchapter V trustee, in accordance with an approved budget. The Debtor may exceed budgeted line items by up to 10% without further court approval but cannot pay insider or management compensation without a separate court order. All customers and entities owing money to the Debtor are directed to pay the Debtor directly, and such funds will constitute cash collateral. As adequate protection, secured creditors will be granted post-petition liens on cash collateral, with the same validity, priority and extent as their pre-petition liens, without requiring additional filings. The Debtor must also maintain insurance, allow access to records and premises for inspection, and comply with all obligations under bankruptcy law. The order remains temporary and subject to modification at the continued hearing. A continued hearing is scheduled for June 3. C & S earns revenue from food, alcoholic and non-alcoholic beverage sales via cash, credit, and debit transactions. Total assets are $70,681, including $60,480 in equipment and furnishings, $10,100 in cash, and no receivables. Several merchant cash advance (MCA) lenders -- Radiance Funding Management, LLC; Fenix Capital Funding; Highland Hill Capital LLC; Ascentium Capital; and ODK Capital, LLC -- may claim secured status or ownership of the Debtor's future receivables. The Debtor disputes this, asserting that at least some are junior UCC lienholders who should be treated as unsecured because the Debtor lacked the ability to sell future receivables, the liens do not attach to post-petition receivables, and the agreements may be unenforceable under state and federal law. About C & S Restaurant Group LLC C & S Restaurant Group, LLC operates Buster's Sports Tavern, a casual full-service restaurant and sports tavern in Fort Myers, Florida, offering made-to-order meals, alcoholic beverages, and a sports-oriented dining experience. The company is registered in Florida as a limited liability company and manages its restaurant operations from its main location on McGregor Boulevard. C & S Restaurant Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00517) on March 6, 2026, with $70,681 in assets and $1,528,291 in liabilities. Scott T. Iannelli, managing member, signed the petition. Judge Luis Ernesto Rivera II presides over the case. Joseph Trunkett, Esq., at Trunkett Law FIRM, LLC represents the Debtor as bankruptcy counsel. CALITRE LLC: Scott Rever Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Scott Rever, Esq., at Genova Burns, LLC as Subchapter V trustee for Calitre LLC. Mr. Rever will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rever declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott S. Rever, Esq. Genova Burns LLC 110 Allen Rd., Suite 304, Basking Ridge, NJ 07920 Telephone: (973) 387-7801 Email: Rever@genovaburns.com About Calitre LLC Calitre LLC, a company based in New York, New York, provides commercial painting, wallcovering installation, and Kadex coating services for residential and commercial properties. The company's portfolio includes projects across New York City and nearby markets, including office buildings, hotels, multifamily properties, and transit-related facilities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-13857) on April 7, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Eric Stolte, managing member, signed the petition. Brian G Hannon, Esq., at Norgaard, O'Boyle & Hannon represents the Debtor as legal counsel. CARBON HEALTH: To Sell Health Tech Biz to Future Solution --------------------------------------------------------- Carbon Health Technologies, Inc. and its affiliates, seek permission from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Debtors have filed, and are proceeding with soliciting acceptances of, the Combined Disclosure Statement and Plan that the Debtors believe will maximize value on behalf of all stakeholders and represents the best outcome for these chapter 11 cases. While the Debtors remain confident that the Plan will be confirmed on the merits, the Debtors are concerned about the administrative burn in these cases and need to be prepared to turn to a sale if the circumstances so warrant. The Debtors and Future Solution Investments LLC (or its designee), as buyer and the DIP Lender / Prepetition Lender, have entered into the Purchase Agreement (as defined below), which contemplates a $100 million credit bid, plus the assumption of certain liabilities, for substantially all of the Debtors’ Assets in accordance with the terms. The sale price is materially higher than the aggregate of all bids that the Debtors received for portions of their assets through the postpetition sale process approved by this Court under the Bid Procedures Order. A credit bid in an amount equal to $100,000,000, including the Prepetition Credit Bid Amount (which excludes MOIC or the MOIC Amount), the DIP Credit Bid Amount and the Restructured Indebtedness, plus the assumption of certain Assumed Liabilities. The credit bid consists of the entirety of the DIP Claims and certain of the Prepetition Secured Claims and, as to the latter, only that portion that has not been challenged by the Creditors' Committee. If the Plan is withdrawn or not confirmed, the Debtors believe that the Purchase Agreement, which contemplates a going-concern Sale Transaction, will be the value-maximizing path forward. The Debtors respectfully request that the Court authorize and approve the Debtors' entry into the Purchase Agreement in the event that the Plan is withdrawn or not confirmed. The Debtors commenced the chapter 11 cases to conduct a postpetition marketing and sale process and in parallel pursue confirmation of a chapter 11 plan premised upon a debt-for-equity exchange. This dual-track approach was designed to maximize value on an efficient timeline. The Sale also provides for the assumption of certain liabilities that could be unpaid in a liquidation absent recoveries on litigation. The Sale agreement provides cash for a chapter 7 trustee to wind-down the business. Notably, the credit bid under the Purchase Agreement does not include the MOIC or any Prepetition Secured Obligations that have been challenged by the Committee. The Proposed terms of the sale transaction are also provided. The Debtors will continue to consider any alternative sale transaction that represents a higher or otherwise better proposal than the Sale Transaction pursuant to the APA. The Debtors request approval to sell the Assets free and clear of any and all Encumbrances, except for permitted encumbrances and certain obligations and interests assumed by Buyer. The Debtors believe that the Assets may be transferred to Buyer free and clear of all Encumbrances and other interests not otherwise expressly assumed by Buyer, and such transfer free and clear should be approved. The Debtors request a finding that Buyer is a good faith purchaser entitled to the protections of Bankruptcy Code section 363(m). About Carbon Health Technologies Founded in 2015, Carbon Health Technologies Inc. is a modern health tech company that offers in-person and virtual care for easier everyday health. Before the bankruptcy filing, Carbon Health Technologies operated 93 urgent care or primary care clinics in the states of Texas, Washington, California, Colorado, Kansas, Missouri, New Jersey and Massachusetts. On the Web: http://www.carbonhealth.com/ On Feb. 2, 2026, Carbon Health Technologies and 28 affiliated debtors each filed voluntary Chapter 11 petition (Bankr. S.D. Tex. Lead Case No. 26-90306). At the time of the filing, Carbon Health Technologies reported $100 million to $500 million in both assets and liabilities. The cases are pending before the Honorable Christopher M. Lopez. Pachulski Stang Ziehl & Jones, LLP; Alvarez and Marsal; and Stifel, Nicolaus & Co., Inc. serve as bankruptcy counsel, financial advisor, and investment banker, respectively. Kroll is the claims agent. KTBS Law is representing Future Solution Investments LLC, the agent for the pre-petition lenders and the DIP lenders. CARROLLTON GATEWAY: Wins Summary Judgment Bid in Namhawk Case ------------------------------------------------------------- Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas granted Carrollton Gateway Development Partners LLC's motion for summary judgment in the adversary proceeding captioned as CARROLLTON GATEWAY DEVELOPMENT PARTNERS, LLC Plaintiff, vs. NAMHAWK, LLC, et al., Defendants, ADV. PRO. NO. 25-03001-SGJ (Bankr. N.D. Tex.). The Action was removed by the Debtor from a Dallas County state court soon after filing its Chapter 11 case. The Action names as Defendants an entity named Namhawk, LLC and Namhawk's various members. The Action sets forth primarily a count of breach of contract, and alternative counts of quantum meruit, unjust enrichment, and constructive trust/foreclosure. The Action is one of numerous lawsuits between the Debtor and Namhawk (and sometimes others) regarding a certain parcel of real property located in Carrollton, Dallas County, Texas (the "Property"). Each Namhawk and the Debtor have owned the Property during relevant times. The Debtor ultimately filed the pending MSJ, asking this Court to enter summary judgment against only Namhawk, and solely on Debtor's breach of contract claim against it. The Debtor has argued entitlement to breach of contract damages in the amount of $520,000.00 through February 27, 2025 (the date of the filing of the MSJ) and for an additional $5,000.00 per month until any judgment is paid in full. The Debtor further moved for the Court to dismiss the Debtor's other claims asserted herein against Namhawk. The Debtor further moved for severance of its claims against Namhawk into a new cause number so that the Court could render a final judgment against Namhawk. The Debtor's breach of contract claim that is subject of the pending MSJ involves a Settlement Agreement executed on or about August 28, 2023, by CGPD, Namhawk, and Namhawk's members, after mediation. The undisputed facts are that, pursuant to the Settlement Agreement, among other things, Namhawk was required to: (i) pay the Debtor the sum of $500,000 (the "Settlement Funds") the earlier of January 15, 2024 or upon the expected, impending sale of the Property, (ii) deliver a deed of trust in favor of the Debtor securing the payment of the Settlement Funds with a second lien deed of trust (the "DOT") encumbering the Property, and (iii) keep the Debtor reasonably informed as to Namhawk's efforts to sell the Property. It is undisputed that, after the Settlement Agreement was executed, Namhawk failed to deliver the DOT and failed to provide any further information to the Debtor or its counsel regarding efforts to sell the Property. It is further undisputed that, on January 12, 2024, Namhawk represented through counsel, a Mr. Frisch, that Namhawk would be unable to timely pay the Settlement Funds and asked to discuss an extension. After a failure to get meaningful information, any payments, or an executed DOT, the Debtor filed suit against Namhawk and its members on January 16, 2024, Cause Number DC-24-00686, in the 191st Judicial District Court, Dallas County, Texas, which was subsequently removed to this Bankruptcy Court and became this pending Action. It is further undisputed that, after the filing of this Action in state court, Mr. Frisch, on behalf of Namhawk, reached out to the Debtor on February 21, 2024, and agreed to tender an executed DOT on the Property in recordable form and to cause Namhawk to make monthly delay payments (the "Delay Payments") in the amount of $5,000.00 per month, or 1% of the outstanding balance of the Settlement Funds "for each month it doesn't close." Mr. Frisch's February 21, 2024. The Debtor received the DOT that was contemplated in the Settlement Agreement, which was recorded as Document 202400148664 in the Real Property Records of Dallas County, Texas (the "DOT"). After the recording of the DOT, it is undisputed that Namhawk never paid any of the Settlement Funds or Delay Payments to the Debtor. To date, no funds have been paid under the Settlement Agreement. It is undisputed that the Property was subject to a first lien debt to Cadence Bank -- which was going to mature in September of 2024. Accordingly, in light of the breaches of the Settlement Agreement (e.g., failure to pay the Settlement Funds to the Debtor when required; delays in delivering of the DOT to Debtor; failure to keep the Debtor informed about the efforts by Namhawk to sell the Property), and with a potential foreclosure of the first lien by Cadence Bank imminent, on September 10, 2024, the Debtor filed and recorded a Notice of Trustee's Sale. On October 1, 2024, the Debtor foreclosed on the Property at a foreclosure sale which occurred at the location noticed in the Notice of Trustee's Sale. On October 2, 2024, the Debtor caused a Foreclosure Sale Deed to be recorded in the Real Property Records of Dallas County, Texas as Document Number 202400199102. It appears there were no irregularities in the conduct of the sale -- none have been alleged. It is unrefuted that the Debtor credit bid $50,000.00 of its second lien DOT at the foreclosure sale. It is unrefuted that the Property was subject to a first lien debt of trust in favor of Cadence Bank at the time (in the amount of approximately $6.7 million). The Debtor filed bankruptcy soon after it foreclosed on the Property to attempt to deal with the debt of Cadence Bank. The Debtor represents in its MSJ that, as of February 27, 2025, the original Settlement Funds in the amount of $500,000.00 are due, owing, and unpaid. As of February 27, 2025, Delay Payments in the amount of $70,000.00 are due, owing, and unpaid. As of February 27, 2025, no payments have been made under the Settlement Agreement or otherwise. Based on this unrefuted sequence of events, the Debtor argues that it is entitled to a damages award of $520,000 as of February 27, 2025 (calculated through the date of the MSJ), plus another $5,000 per month until payment of any judgment herein. It calculates this as follows: $500,000 pursuant to the Settlement Agreement, plus $70,000 (14 months of unpaid Delay Payments at $5,000 per month), less the Debtor's $50,000 credit bid at the October 2024 foreclosure sale. To be clear, the Debtor asserts that it is entitled to an additional $5,000.00 per month up until the time of payment of this judgment. The Court had questions about the calculation of the proper amount of breach of contract damages and invited post-hearing briefing. The Debtor submitted post-hearing briefing and Namhawk did not. It appears that the proper calculation of damages (for essentially a deficiency judgment against Namhawk) is: $500,000, plus $5,000 per month from January 15, 2024 (when the $500,000 was originally due) through October 1, 2024 (when foreclosure on the Property pursuant to the Settlement Agreement and DOT occurred -- which would be eight months of Delay Payments, or $40,000, less $50,000 (the credit bid)). Thus, a damages award of $490,000. No attorney's fees have been sought/presented by the Debtor. The Court concludes that the $5,000 per month of Delay Payments should be cut off as of the time the Debtor foreclosed on the Property and should not be continuing to accrue. The Court notes that Namhawk might have made an affirmative defense/challenge to the amount of damages sought in this case -- essentially it could have argued under Texas Property Code section 51.003 that the fair market value of the Property might have been higher than the computation contemplates. Indeed, there have been sale contracts during the bankruptcy case (none of which ultimately closed) that were a few million dollars more than the first lien DOT and the second lien DOT on which the Debtor foreclosed. However, to be clear, section 51.003 of the Texas Property Code requires a party such as Namhawk to request, prove, and obtain a finding of the Property's fair market value as of the date of the foreclosure so as to potentially show that the fair market value exceeded the foreclosure sale price. Namhawk did not avail itself of that opportunity. Therefore, the Court finds the Debtor is entitled to summary judgment in the amount of $490,000 against Namhawk. A copy of the Court's Memorandum of Decision and Order dated April 14, 2026, is available at http://urlcurt.com/u?l=py8zUofrom PacerMonitor.com. About Carrollton Gateway Development Partners, LLC Carrollton Gateway Development Partners LLC is engaged in activities related to real estate. Carrollton Gateway Development Partners LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-33585) on November 5, 2024. In the petition filed by Dennis M. Holmgren, as Manager of Urban Planning Partners, LLC, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Judge Stacey G. Jernigan presides over the case. The Debtor is represented by Dennis M. Holmgren, Esq. at HOLMGREN JOHNSON: MITCHELL MADDEN, LLP. CELSIUS NETWORK: Kane Wallets Lose Bid to Set Aside Defaults ------------------------------------------------------------ Chief Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York denied the request to set aside default judgments filed by wallets owned by Arben Kane in the following adversary proceedings: 1. MOHSIN Y. MEGHJI, LITIGATION ADMINISTRATOR, AS REPRESENTATIVE FOR THE POST-EFFECTIVE DATE DEBTORS Plaintiff, v. WALLET OWNER 0xdbc13e67f678cc00591920cece4dca6322a79ac7, et al., Defendants, Adv. Proc. 24-04005 (Bankr. S.D.N.Y.); and 2. MOHSIN Y. MEGHJI, LITIGATION ADMINISTRATOR, AS REPRESENTATIVE FOR THE POST-EFFECTIVE DATE DEBTORS Plaintiff, v. ANTOINE CASTEL, et al., Defendants, Adv. Proc. 24-04004 (Bankr. S.D.N.Y.). Pending before the Court are the request to set aside default judgments as noted in the Letter Requesting Conference (the "Letter," Adv. Pro. No. 24-04005) filed by counsel to Defendants Wallet Owner 0xd3C8e3E8DCD89Ae98fBa866dB20ae72DC2Ee75a3 ("0xd3C8e Wallet"), Wallet Owner xbf7c232b80ad3131d69234cc820ccd26a3f6a823 ("0xbf7c2 Wallet") and Wallet Owner 0x6c7Ce9f8aFA19976f8BFa233EEed5b0a72d4E16c ("0x6c7Ce Wallet" and collectively, the "Kane Wallets"), which are owned by Arben Kane ("Kane"), a defendant in a related adversary proceeding (Adv. Pro. No. 24-04004), and the Status Update Regarding Defendant Arben Kane entries of Default and Discovery Abuse in Adversary Proceedings Arising in or Relating to In re Celsius Network, LLC, Case No. 22-10964 (MG) (Bankr. S.D.N.Y.) (the "Status Update") filed by counsel to Mohsin Y. Meghji (the "Litigation Administrator" or the "Plaintiff"). On September 3, 2025, Aaron Twersky, Esq., counsel for the Defendant Wallets and Kane, filed the Letter and requested, in the alternative, a conference with the Court or leave to file a motion to vacate the Defaults. The Plaintiff claims that Kane engaged in a pattern of repeated and deliberate evasiveness, both with respect to answering the allegations against him, as well as responding to discovery. The Plaintiff requests that this Court deny Kane's letter request to set aside the defaults against the Kane Wallets and that the Court award Plaintiff his reasonable expenses caused by Kane's failure to engage in good faith in the discovery process. According to the Court, Kane's default was willful. Despite becoming aware of the claims in October 2024, Kane took no action in the case prior to the entry of default against him in November 2024. Kane also failed to acknowledge his ownership of the 0xd3C8e Wallet despite having accessed the service NFT thirteen (13) times between December 2024 and May 2025. Accordingly, Kane's conduct is indicative of the type of "egregious" conduct that constitutes a "willful" default. Kane was aware of the allegations against him, refused to acknowledge ownership of the Kane Wallets, and now requests the opportunity to response now that he has been caught. The Court also finds Kane has not demonstrated a meritorious defense, and the Plaintiff would be prejudiced by setting aside the default judgments by requiring the Plaintiff to further incur substantial expenses as a result of Kane's failures. As the Court denies the request to set aside the Defaults, a subsequent damages inquest will determine the amount of any judgment that will be entered. The Court will defer the issue of sanctions until the damages inquest. A copy of the Court's Memorandum Opinion and Order dated April 15, 2026, is available at http://urlcurt.com/u?l=2xO0n7from PacerMonitor.com. Counsel for Mohsin Y. Meghji, Litigation Administrator: Mitchell P. Hurley, Esq. AKIN GUMP STRAUSS HAUER & FELD LLP One Bryant Park Bank of America Tower New York, NY 10036 Tel: (212) 872-1000 E-mail: mhurley@akingump.com Counsel for Defendants Arben Kane and the Kane Wallets: Aaron Twersky, Esq. TWERSKY PLLC 747 Third Avenue 32nd Floor New York, NY 10017 Tel: (212) 425-0149 E-mail: atwersky@twerskylaw.com About Celsius Network Celsius Network LLC -- http://www.celsius.network/-- is a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, as well as by engaging in proprietary trading. Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Celsius has a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. The Celsius Wallet claims to be one of the only online crypto wallets designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins (when they're lent out). Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But the lenders' business model came under scrutiny after a sharp sell-off in the crypto market spurred by the collapse of major tokens terraUSD and luna in May 2022. New Jersey-based Celsius froze withdrawals in June 2022, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. The list of major crypto firms that have filed for bankruptcy protection in 2022 now includes Celsius Network, Three Arrows Capital and Voyager Digital. Celsius Network, LLC and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex Mashinsky, the Debtors estimated assets and liabilities between $1 billion and $10 billion. The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as special counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Stretto is the claims agent and administrative advisor. On July 27, 2022, the U.S. Trustee appointed an official committee of unsecured creditors. The committee tapped White & Case, LLP as its bankruptcy counsel; Elementus Inc. as its blockchain forensics advisor; M3 Advisory Partners, LP as its financial advisor; and Perella Weinberg Partners, LP as its investment banker. Shoba Pillay, Esq., is the examiner appointed in the Debtors' Chapter 11 cases. Jenner & Block, LLP and Huron Consulting Services, LLC, serve as the examiner's legal counsel and financial advisor, respectively. * * * On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates. The Effective Date of the Plan occurred January 31, 2024. CHURCH INTERNATIONAL: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division issued a second interim order authorizing The Church International, Inc. to use cash collateral. Under the order, the Debtor is permitted to use cash collateral to pay necessary operating expenses, court-approved payments, and quarterly fees owed to the U.S. Trustee. The spending must follow a court-approved budget, although the Debtor may exceed each line item by up to 10% if needed. The Debtor may also use additional funds if written approval is obtained from the secured creditor, Biz 2 Credit. As part of the adequate protection measures, secured creditors will be granted replacement liens on post-petition cash collateral, with the same validity and priority as their pre-petition liens. The Debtor must also allow the secured creditor access to business records and premises for inspection and must maintain insurance coverage on its property according to its loan obligations. The order remains in effect on an interim basis until further court action, and a continued hearing is scheduled for May 21. The order is available at https://shorturl.at/SuPu9 from PacerMonitor.com. Church International estimates that its current cash and accounts receivable, limited to receivables less than 90 days old, total approximately $4,000. Although the Debtor co-signed the loan with West Jacksonville Restoration Center, Inc., that affiliated entity has been making the loan payments and will continue to do so during the Chapter 11 case. About The Church International Inc. The Church International Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00622) on February 16, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Bryan K. Mickler, Esq., at Mickler & Mickler represents the Debtor as legal counsel. CLEANSTEAM INC: Gets Final OK to Use Cash Collateral ---------------------------------------------------- Cleansteam, Inc. received final approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral strictly in accordance with a court-approved operating budget. As protection, the U.S. Small Business Administration will receive a monthly payment of $679.69 and a replacement lien on all post-petition revenues of the Debtor, with the same priority, validity and extent as its pre-bankruptcy lien. The replacement lien does not include any liens or claims for relief arising under the Bankruptcy Code, including without limitation, sections 506(c), 544, 545, 547, 548, and 549. The final order is available at https://shorturl.at/cni08 from PacerMonitor.com. Cleansteam aims to restructure its primary $769,405 SBA loan, which grew significantly during the COVID-19 pandemic to offset revenue losses. The SBA holds a blanket lien on all of the Debtor's personal property but is significantly undersecured: the $769,405 debt far exceeds the estimated $108,750 value of the collateral. About Cleansteam Inc. Cleansteam, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11973) on March 6, 2026. In the petition signed by Mohammad Monirul Islam, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Vincent P. Zurzolo oversees the case. Kevin Tang, Esq., at Tang & Associates, represents the Debtor as legal counsel. CONDOS AT ARTIST: Seeks Chapter 7 Bankruptcy in New York -------------------------------------------------------- On April 16, 2026, Condos at Artist Lake LLC filed for Chapter 7 protection in the Eastern District of New York Bankruptcy Court. According to court filing, the Debtor reports between $1MM and $10MM in debt owed to between 1 and 49 creditors. Case No. #26-71493 was assigned as a voluntary filing. About Condos at Artist Lake LLC Condos at Artist Lake LLC is a real estate entity involved in condominium ownership and property-related operations. Condos at Artist Lake LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-71493) on April 16, 2026. In its petition, the Debtor reports estimated assets and liabilities both ranging from $1MM to $10MM. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by counsel. CONLIN STREET: Ryan Richmond Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Ryan Richmond as Subchapter V trustee for Conlin Street, LLC. Mr. Richmond will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Richmond declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Ryan J. Richmond 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Tel. (225) 412-3667 Fax: (225) 286-3046 Email: ryan@snw.law About Conlin Street LLC Conlin Street, LLC is a limited liability company that may be engaged in real estate ownership, property management, or related investment activities. Conlin Street sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10831) on April 7, 2026, with between $1 million and $10 million in both assets and liabilities. The Debtor is represented by Leo D. Congeni, Esq., at Brooks Gelpi Haase, LLC. CONTINENTAL AMERICAN: Toray Wins Bid to Dismiss Adversary Case -------------------------------------------------------------- Judge Mitchell L. Herren of the U.S. Bankruptcy Court for the District of Kansas granted Toray Plastics (America), Inc.'s motion to dismiss the amended complaint in the adversary proceeding captioned as Sharon Stolte, as Liquidating Agent of the Continental American Corporation Liquidating Trust, Plaintiff, vs. Toray Plastics (America), Inc., Defendant, Adv. No. 25-5098 (Bankr. D. Kan.) with prejudice under Federal Rule of Civil Procedure 12(b)(6). On April 23, 2025, Debtor filed a First Amended Chapter 11 Plan of Reorganization and Liquidation with Liquidating Trust Agreement, which was confirmed on June 18, 2025. The confirmed plan provided it would be administered by a Liquidating Agent in her capacity as the trustee of a Liquidating Trust and provided the Liquidating Agent with the power to pursue any avoidance actions and remaining actions belonging to Debtor. The Liquidating Agent filed this Chapter 5 action pursuant to that power conveyed to her under the confirmed plan, and shortly thereafter filed an amended complaint against Defendant Toray Plastics (America), Inc. The Liquidating Agent's amended complaint has very few specifics as to Defendant. The amended complaint alleges Defendant was, at all relevant times, a vendor or creditor to or for the Debtor. The amended complaint also alleges Debtor made transfer(s) of an interest of the Debtor's property to or for the benefit of Defendant during the Preference Period through payments aggregating to an amount not less than $232,252.31. The Liquidating Agent seeks to avoid all transfers of an interest of Debtor's property made by Debtor to Defendant within the 90-day prepetition period. The amended complaint states four counts: Count 1, avoidance of preferential transfers pursuant to Sec. 547(b); Count 2, recovery of preferential transfers pursuant to Sec. 550; Count 3, avoidance of fraudulent conveyances pursuant to Sec. 548; and Count 4, disallowance of Defendant's claim pursuant to Sec. 502. In lieu of an answer, Defendant filed a motion to dismiss. Defendant's motion seeks dismissal for failure to state a claim under Fed. R. Civ. P. 12(b)(6), which applies to this proceeding via Fed. R. Bankr. P. 7012(b). According to the Court, there is no identification, let alone a description, of the debt at issue and the details of what was owed by Debtor prior to the transfer. The Liquidating Agent argues that using common sense based on the Debtor's insolvency, a Chapter 7 liquidation would not result in 100% distributions to creditors, and therefore, the transfers are more than Defendant would have received in a hypothetical Chapter 7 liquidation. But the amended complaint makes no mention of what type of creditor Defendant is (just that Defendant is a "vendor or creditor"), no mention of what unsecured creditors will recover in distributions from Debtor's Chapter 11 case, and no facts about Defendant receiving more than it would otherwise have received in a Chapter 7 case. The insolvency of Debtor is not addressed in any way, other than, as mentioned above, citing the statutory presumption of insolvency. The Court concludes the amended complaint does not contain sufficient factual matter, if accepted as true, to state a claim to relief under Sec. 547(b). The amended complaint states no facts -- at all -- to support a claim under either subsection (A) or (B) of Sec. 548(a)(1). The Court concludes the amended complaint does not contain sufficient factual matter, if accepted as true, to state a claim to relief under Sec. 548. Because the Liquidating Agent's substantive claims fail, the Liquidating Agent's additional two counts for recovery of an avoided transfer under Sec. 550 and disallowance of a claim from a transferee under Sec. 502(d) also fail. A copy of the Court's Memorandum Order dated April 10, 2026, is available at http://urlcurt.com/u?l=pAZrrrfrom PacerMonitor.com. About Continental American Corporation Continental American Corporation operates a balloon manufacturing business in Wichita, Kan. Continental American and its affiliate, Pioneer National Latex, Inc., filed Chapter 11 petitions (Bankr. D. Kan. Lead Case No. 23-10938) on Sept. 22, 2023. Judge Mitchell L. Herren oversees the cases. At the time of the filing, Continental American reported $50 million to $100 million in assets and $10 million to $50 million in liabilities while Pioneer National Latex reported $1 million to $10 million in assets and $10 million to $50 million in liabilities. David Prelle Eron, Esq., at Prelle Eron & Bailey, P.A. represents the Debtors as legal counsel. The U.S. Trustee for Region 20 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Sandberg Phoenix & von Gontard, P.C. CORE AI HOLDINGS: Forms Strategic Joint Venture With Allianca Group ------------------------------------------------------------------- Core AI Holdings, Inc. announced that it has entered into a strategic joint venture with Allianca Group Inc., an infrastructure advisory and execution firm with a demonstrated track record delivering hyperscale data center capacity at speed and scale. The joint venture's objective is to position both organizations at the forefront of one of the most capital-intensive infrastructure build cycles in modern technology history -- the global race to deploy AI-ready digital infrastructure capable of supporting high-performance computing and artificial intelligence workloads at enterprise and hyperscale levels. The partnership seeks to unite two complementary strengths into a single, integrated infrastructure delivery platform. Core AI will contribute its AI-native infrastructure strategy and capital markets expertise. Allianca will contribute what few firms in the market can match: a fully integrated, turnkey delivery model refined across more than 40 years of combined industry experience, a project portfolio history exceeding $6 billion annually, and direct contributions to the delivery of more than 720 MW of mission-critical data center capacity globally. Together, the joint venture, through the combination of each company's strengths, is designed to compress development timelines, reduce execution risk, and deliver AI-ready capacity faster than traditional build cycles allow -- precisely when the market demands it most. The joint venture intends to operationalize a fully integrated infrastructure platform spanning the complete development lifecycle: power-aware site selection and strategy, preconstruction planning and program controls, modular deployment methodologies, construction execution, utility coordination, and commissioning. This end-to-end ownership model eliminates the fragmentation that often slows conventional infrastructure development and gives owners and capital partners a single accountable delivery partner from site identification through power-on. The differentiated approach is designed to directly address the realities of today's AI infrastructure environment -- where energy procurement complexity, supply chain constraints, utility coordination timelines, and construction sequencing are as decisive as capital availability in determining which projects get built and which stall. "AI is driving one of the largest infrastructure build cycles in modern technology history, and execution capability is now the scarce resource," said Aitan Zacharin, Chief Executive Officer of Core AI Holdings. "Through this joint venture with Allianca, we are not simply expanding our capabilities -- we are creating a differentiated delivery engine. We believe that Allianca's track record of executing at scale will provide Core AI the opportunity to achieve a meaningful competitive advantage it seeks to capture the infrastructure opportunities this market is creating." "Speed and certainty of delivery are the new competitive moats in AI infrastructure," said John C. Haley, Chief Executive Officer of Allianca Group. "At Allianca, we have spent years building a delivery model that integrates strategy, program controls, modular deployment, and construction execution into a single turnkey solution -- because we believe that fragmented delivery is the primary reason AI infrastructure projects fail to meet timelines. This joint venture with Core AI brings together the right partnership at exactly the right moment. We intend to move quickly, execute with discipline, and deliver capacity in markets where demand is materially outpacing supply." The joint venture plans to identify and target high-priority AI infrastructure markets where the convergence of power availability, permitting environments, fiber connectivity, and construction readiness creates near-term deployment opportunities. The platform's modular deployment methodology will be well suited and specifically designed to accelerate time-to-capacity in these markets while maintaining the execution certainty that institutional capital and hyperscale tenants require. About Allianca Group Inc. Allianca Group Inc. is an infrastructure advisory and execution firm singularly focused on delivering next-generation data center infrastructure at speed and scale. The firm provides fully integrated, turnkey owner's representative services across the complete development lifecycle -- from site selection and preconstruction planning through program management, construction execution, and commissioning. Allianca's differentiated delivery model combines power-aware site strategy, modular deployment methodologies, and disciplined program controls into a single accountable platform -- enabling faster, more predictable capacity delivery in an increasingly time-compressed AI-driven market. The Allianca team brings over 40 years of combined industry experience, with a track record supporting hyperscale environments, managing annual project portfolios exceeding $6 billion, and contributing to the delivery of more than 720 MW of mission-critical data center capacity globally. About Core AI Holdings Core AI Holdings, Inc. (f/k/a Siyata Mobile Inc.) -- http://www.coregaming.co/-- is focused on developing a portfolio of AI-focused businesses with next-generation technologies. Through its subsidiary, Core Gaming, it operates a leading global AI driven mobile games development and publishing business. The company creates entertaining games for millions of players worldwide, while empowering other developers to deliver player-focused apps and games to enthusiasts. Since its launch Core Gaming has developed and co-developed over 2,200 games, driven over 800 million downloads, and generated a global footprint of over 40 million users from over 140 countries. Core AI's mission is to harness the power of artificial intelligence to build transformative and scalable offerings across multiple verticals. Jerusalem, Israel-based Barzily and Co., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2025, citing that the Company has suffered recurring losses from operations, has accumulated significant losses, has an outstanding loan to financial institutions, and has an outstanding balance related to the sale of future receipts, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $20.2 million in total assets, $4.8 million in total liabilities, and $15.4 million in total equity. CORE SCIENTIFIC I: S&P Assigns 'B+' ICR, Outlook Positive --------------------------------------------------------- S&P Global Ratings assigned a 'B+' issuer credit rating (ICR) to Core Scientific Finance, reflecting lower construction risk compared with most peers, somewhat offset by concentration with a speculative-grade rated tenant, CoreWeave, as the single tenant within the portfolio and positioning largely outside top-tier markets. S&P said, "We assigned a 'B+' ICR to Core Scientific, which reflects its growing data center portfolio, much of which is expected to be delivered and operational within the next six months, offset by execution risk associated with potential future developments and high tenant concentration risk with CoreWeave. "We assigned a 'BB' issue-level rating to the secured notes with a '1' recovery rating, which compares favorably with peers due to lower construction risk and a lower loan-to-value ratio." The positive outlook reflects good earnings and cash flow visibility upon license agreement commencement combined with very limited tenant termination rights during construction. It also reflects our expectation that construction will advance as planned and according to budget. Core Scientific Inc.'s subsidiary Core Scientific Finance I LLC plans to issue $3.3 billion of secured amortizing notes due 2031 to fund a dividend up to the parent company. S&P said, "We expect Core Scientific will utilize proceeds from the debt issuance to partially fund future data center development projects and for general corporate purposes. "Our analysis integrates our digital infrastructure methodology with our project finance criteria. We use a “Ratings To Principles” criteria approach to rate this transaction, reflecting the presence of characteristics from both frameworks. The borrower is undergoing material construction activities and benefits from certain typical project finance features, including a first-lien security on assets, contracts, and cash flows, as well as a waterfall to ensure prioritization of debt service on the proposed financings." However, eligibility requirements and covenants around new developments are not sufficiently restrictive, based on our assessment, to constrain credit risk to the level contemplated under our project finance methodology, particularly post-construction. S&P said, "We therefore assess the construction-phase stand-alone credit profile (SACP) using project finance methodology and then apply our digital infrastructure corporate methodology to establish the post-construction SACP. The weaker of these two SACPs is ultimately selected as our final SACP during construction. We then apply our group rating methodology to incorporate the impact that the parent, Core Scientific, has on the ICR of the subsidiaries." This approach led to the following outcomes: -- A post-construction SACP of 'BB-' for Core Scientific Finance; and -- A construction risk SACP of 'B+', which was capped by the rating of CoreWeave because it would be reliant on CoreWeave to fund capital spending. Earnings visibility will be high upon licensing agreement commencement. The company has 12-year take-or-pay contracts in place with CoreWeave for 590 megawatts (MW) of critical IT load across five sites, of which 185 MW is currently operational. The remainder is expected to come online on a phased approach over the next year. There's also annual rent escalators and a modified gross structure, in which power costs are a direct tenant expense. This allows for stable and predictable revenue, earnings, and cash flow. During operations, there are also termination rights available for continuous or chronic outages such as three or more service outages within a 90-day period (each lasting two hours or more) or if the aggregate time of all interruptions equals 12 or more hours. S&P views this as unlikely given the design characteristics of the facilities, which are site-specific based on customer requirements but would not allow for meaningful downtime, with on-site generators and backup battery systems in place. Furthermore, the tenant has a below-market rate licensing agreement in place, reducing its incentive to exit and find alternative data center providers. Additionally, the contract with CoreWeave does not contain any termination for convenience rights. In the event of a force majeure--an extraordinary circumstance beyond the control of both parties that frees them from liability--there are termination rights subject to customary cure periods, but the geographic diversity reduces idiosyncratic markets risks compared with certain single-site peers. Exposure to a speculative-grade tenant presents the biggest risk. S&P rates CoreWeave 'B+' with a positive outlook, and S&P views it as a proxy for licensing agreement performance. Given that CoreWeave's customer contracts are shorter than its licensing agreement commitments to Core Scientific, it could be challenging for CoreWeave to honor these obligations in an environment where demand for AI services does not materialize as expected. S&P said, "Still, our base case assumes CoreWeave is supported by its growing role in the ecosystem serving leading AI players such as Microsoft (currently its largest customer), OpenAI, Meta, and NVIDIA, its sole chip supplier. We expect it will meet its licensing agreement obligations for the next several years. "Our rating on Core Scientific Finance is not explicitly capped by our rating on CoreWeave under current market conditions where there is tight capacity, low vacancy, and healthy demand from a variety of potential tenants, which supports favorable re-leasing prospects. However, if data center market conditions shift and re-leasing prospects weaken, our ratings would be more directly tied to the counterparty. "We view the post-construction financial profile as aggressive. When operations commence, we expect S&P Global Ratings-adjusted debt to EBITDA will be about 5.6x with a full-year of earnings. Deleveraging will be limited as required debt amortization does not begin until 2029. This is due to rent credits provided to CoreWeave that limit free operating cash flow (FOCF) initially to under 1% of debt in 2027. Once the rent credits are exhausted, there will be significantly more FOCF (about 14% of debt in 2029) that it will apply toward debt amortization in 2029, resulting in leverage falling below 5x. "We also consider other ratios that include interest to be important measures of credit quality for digital infrastructure companies given the significant debt-service costs stemming from higher debt loads enabled by stable cash flows." More specifically, S&P projects: -- Funds from operations (FFO) to debt at about 9% in 2027, rising to over 13% in 2029; and -- EBITDA interest coverage of 2.0x in 2027, rising to 2.3x by 2029. S&P said, "We view construction risk as low. CoreWeave is responsible for funding construction, which is roughly 80% complete. In exchange, it has a below-market rate for its licensing agreement and rent credits totaling $1.5 million per MW of construction costs through 50% monthly rent until exhausted (totaling about $855 million of value). Therefore, there is little incentive for the tenant to exit prior to completion. However, our rating during construction is capped by the rating on CoreWeave." Core Scientific Finance is partially insulated from the parent. There are structural protections that limit the parents' ability to extract resources from Core Scientific Finance to some degree. Core Scientific Finance holds itself out as a separate entity, its financial performance and funding are highly independent from the group, there is no significant operational dependence on other group entities, and it maintains its own records and funding arrangements and does not commingle funds, assets, or cash flow. Licensing agreement payments flow into a lockbox account controlled by the collateral agent and distributed through a waterfall that includes operating expenses, mandatory debt amortization, interest expense, and excess cash flow offers, in that order. Therefore, it could be rated a notch higher than the parent, if the SACP were stronger than the parent (which is not currently the case). S&P said, "We rate Core Scientific 'B+' with a positive outlook. It consists mostly of operations at Core Scientific Finance which is the main driver. The bitcoin ops are being phased out. It is a public company with a financial policy of maintaining leverage of 5x-6x. Our business risk profile assessment of fair captures future development risk. "We view Applied Digital subsidiary APLD ComputeCo LLC (B+/Positive) as a close peer. We generally consider construction risk to be lower at Core Scientific Finance because the construction progress is further along and there is little incentive for the tenant to exit. However, the construction is being funded by CoreWeave, limiting our construction-phase SACP to 'B+'." Post-construction, both companies rely on CoreWeave as the sole tenant under a long-term agreement, although there is greater geographic diversity at Core Scientific Finance. However, the rate is below market at Core Scientific and there are rent credits that limit free cash flow in 2026-2028. Still, S&P recognizes the temporary nature of the rent credits that allow for stronger credit metrics once they are exhausted in early 2029. Taking these various strengths and weakness into account, we arrive at the same rating outcome. The positive outlook reflects good earnings and cash flow visibility upon license agreement commencement combined with very limited tenant termination rights during construction. It also reflects our expectation that construction will advance as planned and according to budget. S&P could revise the outlook to stable if construction projects face material delays or it expects the company's credit metrics will remain at lower levels due to an unexpected increase in operating expenses or a recapitalization such that: -- FFO to debt remains below 10% long term; or -- EBITDA interest coverage falls below 1.8x S&P could raise the rating over the next year if data center construction is completed such that it believes the company will be able to fully service its debt obligations with cash flows from licensing income and generate the following credit metrics: -- FFO to debt of at least 10%; and -- EBITDA interest coverage above 1.8x. S&P could also raise the rating prior to completion of construction if it raises the ICR on CoreWeave to 'BB-'. S&P could also raise the rating if the parent is upgraded to 'BB-', which is unlikely to occur prior to completion of construction at the Core Scientific Finance level. Still, this could occur over time as the portfolio matures and more assets become operational or if it improves its tenant quality and diversity or market positions while mitigating construction risk. COREY S. RIBOTSKY: SEC Wins Bid to Dismiss Bankruptcy Case ---------------------------------------------------------- The Hon. David S. Jones of the U.S. Bankruptcy Court for the Southern District of New York granted the motion of the U.S. Securities and Exchange Commission to dismiss the bankruptcy case of Corey S. Ribotsky pursuant to section 1112(b) of the Bankruptcy Code. The SEC argues that the case should be dismissed because the Debtor's bankruptcy petition was filed in bad faith without a legitimate bankruptcy purpose, but rather with the intention to avoid post-judgment discovery requests, and further because this case is in essence nothing more than an effort to open a new front in a two-party dispute between the Debtor and the SEC. In the alternative, the SEC wants the case converted to chapter 7. Extensive litigation has already occurred in district court and is ongoing, and the SEC urges dismissal so that it can continue pursuing discovery in the district court proceeding. The Debtor filed an objection, arguing that he filed his petition as part of a good faith effort to reorganize and comprehensively resolve his affairs with his creditors. Additionally, the Debtor contends that the SEC misrepresents the record of prior proceedings and has not met its evidentiary burden to establish bad faith. The Debtor also filed a motion to extend the automatic stay pursuant to section 362(c)(3)(B) of the Bankruptcy Code. Prior to the commencement of this bankruptcy case, the U.S. District Court for the Eastern District of New York entered a $14,500,000 judgment against the Debtor, in connection to a 2011 SEC complaint filed against the Debtor for violations of federal securities laws. The Krupnick Firm represented the Debtor in the SEC Civil Enforcement Action and is a creditor in this bankruptcy case. The Debtor is an individual with no reported assets, and reports less than $40,000 in gross annual income. The Debtor resides in an Upper East Side residence with his non-debtor spouse and daughter, the rent and expenses of which are paid by his non-debtor spouse. The overwhelming majority of the Debtor's liabilities consists of $14,500,000 in non-dischargeable debt owed to the SEC pursuant to a 2013 consent judgement. The Debtor's remaining scheduled or reported liabilities include: 1) $345,498 owed to The Krupnick Firm for legal services in connection to the SEC litigation; 2) $36,240 in student loans owed to the U.S. Department of Education; and 3) an unknown amount owed to PSEG. The SEC contends the Debtor has undisclosed assets and a hidden income stream. Specifically, the SEC identified a bank account owned by Krupnick-Ribotsky Ltd. ("KRL"), a company where the Debtor was listed as the co-owner and signatory on certain 2022 and 2023 financial documents. The SEC further alleges that the Debtor used undisclosed assets from KRL to cover personal expenses including over $146,000 in rental payments for an Upper East Side apartment where he currently resides. Debtor maintains that his non-debtor spouse pays the rent for the apartment. The Court finds the facts and circumstances surrounding the case demonstrate that the Debtor is not engaged in a good-faith effort to reorganize through the bankruptcy process. Dismissal therefore is warranted. According to Judge Jones, "The timing of Debtor's voluntary petition as well as his prior bankruptcy filings reflects an intention to frustrate the SEC's lawful pursuit of information in order to enforce the consent judgment. Debtor filed his current bankruptcy case shortly before an upcoming deposition in connection with the SEC Civil Enforcement Action and after the SEC submitted evidence to the district court as to what appeared to be undisclosed bank accounts. While not dispositive, the filing of a bankruptcy petition immediately after an adverse ruling or circumstance in a separate litigation can indicate a bad faith filing." The SEC's motion to dismiss Debtor's bankruptcy case is granted with prejudice as to further bankruptcy filings for one year, with the length of that period subject to extension by the Court. The Debtor's motion to extend the automatic stay is denied as moot pursuant to section 362(c)(3)(B). Corey S. Ribotsky filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 25-12094) on September 25, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Kevin Su, Esq. CREEKSIDE REAL ESTATE: Voluntary Chapter 11 Case Summary -------------------------------------------------------- Debtor: Creekside Real Estate, LLC 302 Merchant Street Ambridge PA 15003 Business Description: Creekside Real Estate, LLC, based in Ambridge, Pennsylvania, is a privately held real estate holding company that owns and manages multiple adjacent parcels concentrated within the Ambridge area of Beaver County. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-21139 Debtor's Counsel: Brent Lemon, Esq. WH BURKLEY, LLP 601 Grant Street 9th Floor Pittsburgh PA 15219 Tel: 412-456-8100 Email: blemon@bernsteinlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by James J. Sas as president. The Debtor has confirmed in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SWST2IQ/Creekside_Real_Estate_LLC__pawbke-26-21139__0001.0.pdf?mcid=tGE4TAMA CREEKSIDE SPRINGS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Creekside Springs, LLC 667 Merchant Street Ambridge PA 15003 Business Description: Creekside Springs, LLC, founded in 2003 and based in Ambridge, Pennsylvania, produces and distributes spring, purified, distilled, and enhanced water products. The company operates manufacturing facilities in Pennsylvania and Ohio and provides private-label and contract packaging services for retailers, distributors, and institutional clients. Its operations include water sourcing, purification, bottling, and packaging across single-serve and large-capacity containers. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-21138 Debtor's Counsel: Brent Lemon, Esq. WH BURKLEY, LLP 601 Grant Street 9th Floor Pittsburgh PA 15219 Tel: 412-456-8100 Email: blemon@bernsteinlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by James J. Sas 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/SGJILYQ/Creekside_Springs_LLC__pawbke-26-21138__0001.0.pdf?mcid=tGE4TAMA CUMULUS MEDIA: Backs Nielsen Data-Tying Ruling at Second Circuit ---------------------------------------------------------------- Matthew Perlman of Law360 reports that Cumulus Media has told the U.S. Court of Appeals for the Second Circuit that Nielsen improperly tied its national radio ratings data to local ratings products, arguing that the arrangement violates antitrust principles. According to Cumulus, the alleged tying practice contributed to its bankruptcy by forcing the company to pay for bundled services it did not need, increasing operational costs. The broadcaster said access to Nielsen’s data is critical, leaving it with limited alternatives. Cumulus is asking the court to halt the practice and recognize it as unlawful. The case could set an important precedent for how media measurement companies structure and sell their data services going forward, the report states. About Cumulus Media Inc. Cumulus Media is an audio-first media company delivering premium content to a quarter billion people every month -- wherever and whenever they want it. Cumulus Media engages listeners with high quality local programming through 394 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliated stations through Westwood One, a leading national audio network; and inspires listeners through the Cumulus Podcast Network, an established and influential platform for original podcasts that are smart, entertaining, and thought provoking. Cumulus Media provides advertisers with personal connections, local impact, and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry leading research and insights, and live event experiences. Cumulus Media Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90346) on March 5, 2026. In the petition signed by Richard Denning, Executive Vice President, Secretary & General Counsel, the Debtor disclosed up to $10 billion in both assets and liabilities. As of Sept. 30, 2025, the Company had $1,078,217,000 in total assets, $1,135,135,000 in total liabilities. Judge Alfredo R. Perez oversees the case. Lawyers at Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as counsel. Porter Hedges LLP, represents the Debtor as local counsel. The Debtors hired as Alvarez & Marsal North America, LLC as restructuring advisor; Moelis & Company as financial advisor; and Kurtzman Carson Consultants, LLC d/b/a Verita Global as claims, noticing, solicitation & certification agent. DARKPULSE INC: Reports $2.9M Net Loss in FY25, Warns of Cash Crunch ------------------------------------------------------------------- DarkPulse Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2025, reporting a net loss of $2,925,582, compared to a net loss of $3,893,859 in the prior year. Total revenues for 2025 increased to $308,492 from $126,836 in 2024, reflecting an increase of $181,656 year-over-year. Despite the revenue growth, the Company continues to operate at a significant loss and negative liquidity position. The Company's auditor, Boladale Lawal & Co., issued a going concern qualification in its April 14, 2026 report, citing an accumulated deficit of $74,087,829 and negative working capital of $19,637,276. The auditor further noted that these conditions raise substantial doubt about the Company's ability to continue as a going concern, given its dependence on raising additional equity or debt financing. As of December 31, 2025, DarkPulse held cash of $62,786, compared to $86,531 at year-end 2024. The Company reported current liabilities exceeding current assets by $19,721,196 and stated it does not currently have sufficient cash to fund operations over the next 12 months without additional financing. During 2025, the Company had $1,174,296 in cash proceeds from its equity financings compared to $3,946,075 in 2024. As of December 31, 2025, the Company had cash of $62,786 compared to $86,531 as of December 31, 2024. The Company currently does not have sufficient cash to fund its operations for the next 12 months and the Company will require working capital to complete development, testing and marketing of its products and to pay for ongoing operating expenses. The Company anticipates adding consultants for technology development and the corresponding operations of the Company, but this will not occur prior to obtaining additional capital. Management is currently in the process of looking for additional investors. Currently, loans from banks or other lending sources for lines of credit or similar short-term borrowings are not available to the Company. The Company has been able to raise working capital to fund operations through the issuances of convertible notes or obtained through the issuance of its restricted common stock. As of December 31, 2025, the Company's current liabilities exceeded its current assets by $19,721,196. The Company is seeking to raise additional capital principally through private placement offerings and is targeting strategic partners in an effort to finalize the development of its products and begin generating revenues. The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements or expansion of its operations. Management indicated it is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations for 12 months, but management cannot make any assurances that such financing will be secured. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/4ep3yn2u About DarkPulse Inc. Houston, Texas-based DarkPulse, Inc. is a technology-security company incorporated in 1989 as Klever Marketing, Inc. Its wholly-owned subsidiary, DarkPulse Technologies Inc., originally started as a technology spinout from the University of New Brunswick, Fredericton, Canada. The Company's security and monitoring systems will initially be delivered in applications for border security, pipelines, the oil and gas industry, and mine safety. Current uses of fiber optic distributed sensor technology have been limited to quasi-static, long-term structural health monitoring due to the time required to obtain the data and its poor precision. The Company's patented BOTDA dark-pulse sensor technology allows for the monitoring of highly dynamic environments due to its greater resolution and accuracy. As of December 31, 2025, the Company had $1,367,930 million in total assets, $20,888,088 million in total liabilities, and $19,520,158 in total stockholders' deficit. DAVID SHANE: William Harris Named Subchapter V Trustee ------------------------------------------------------ Mark Zimlich, the U.S. Bankruptcy Administrator for the Southern District of Alabama, appointed William H. Harris as Subchapter V Trustee for David Shane Welch, DMD, PC. About David Shane Welch DMD PC David Shane Welch DMD PC operates a dental practice in Mobile, Alabama, providing preventive, restorative, and cosmetic dentistry services to individual patients. Led by Dr. David Shane Welch, the practice delivers routine oral health care and treatment services and operates at its Airport Boulevard location. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala. Case No. 26-11003) on April 7, 2026, with $2,255,279 in assets and $3,028,079 in liabilities. David Shane Welch, DMD, president, signed the petition. Judge Jerry C. Oldshue presides over the case. Alexandra K Garrett, Esq., at Silver Voit Garrett & Watkins represents the Debtor as legal counsel. DAX INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Dax International Brokers, Inc. 8600 NW S River Drive, Unit #7 Medley, FL 33166 Business Description: DAX International Brokers, Inc., based in Miami, Florida, distributes kitchen, bathroom, flooring, and tile products and operates a showroom in Medley, Florida. The company provides wholesale delivery services to contractors, kitchen and bath companies, designers, interior decorators, and other wholesale customers across North, South and Central America and the Caribbean. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-15092 Judge: Hon. Corali Lopez-Castro Debtor's Counsel: Nicholas Rossoletti, Esq. RON S. BILU PA 2760 West Atlantic Blvd Pompano Beach, FL 33069 Email: rbilu@bilulaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Alejandro A. Randazzo as secretary. 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/FG3IZQI/Dax_International_Brokers_Inc__flsbke-26-15092__0001.0.pdf?mcid=tGE4TAMA DIACARTA INC: Appointment of Mark Sharf as Chapter 11 Trustee OK'd ------------------------------------------------------------------ Judge William Lafferty, III of the U.S. Bankruptcy Court for the Northern District of California approved the appointment of Mark Sharf as Chapter 11 trustee for DiaCarta, Inc. The appointment comes upon the application filed by Peter Anderson, the U.S. Trustee for Region 17, to appoint a bankruptcy trustee in DiaCarta's Chapter 11 case. Mr. Sharf disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. A copy of the appointment order is available for free at https://urlcurt.com/u?l=cofwJF from PacerMonitor.com. The trustee can be reached at: Mark M. Sharf 6080 Center Dr., Suite 600 Los Angeles, CA 90045 Telephone: (818) 961-7170 Email: mark@sharflaw.com About DiaCarta Inc. DiaCarta Inc. is a precision diagnostics company that develops and provides molecular testing solutions for cancer and infectious diseases. It offers products such as RadTox, ColoScape, and Oncuria, leveraging proprietary XNA and isobDNA technologies to enable sensitive detection of genetic alterations. DiaCarta serves healthcare providers and patients globally through its suite of clinical diagnostic tests and services. DiaCarta sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-41215) on July 10, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Judge William J. Lafferty oversees the case. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. DIANA RUBOTTOM: Freedom Mortgage Case Referred to Bankruptcy Court ------------------------------------------------------------------ The Hon. Diane J. Humetewa of the U.S. District Court for the District of Arizona granted the motion of Freedom Mortgage Corporation to refer the case captioned as Diana Marie Rubottom, Plaintiff, v. Freedom Mortgage Corporation, et al., Defendants, Case No. 25-cv-03199-DJH (D. Ariz.) to the U.S. Bankruptcy Court for the District of Arizona. Plaintiff Diana Marie Rubottom alleges violations of the Fair Credit Reporting Act ("FCRA"), 15 U.S.C. Sec. 1681, et seq., against Defendants Experian Information Solutions, Inc., Equifax Information Services, LLC, and Trans Union LLC, all of whom are credit reporting agencies ("CRAs") (collectively, the "CRA Defendants"). She also alleges FCRA claims against Wells Fargo Bank, N.A., Freedom Mortgage Corporation, TD Bank, N.A., and Hyundai Capital America, who she says improperly furnished CRA Defendants with her account information (collectively, "Furnisher Defendants") (hereafter, CRA Defendants and Furnisher Defendants collectively referenced as "Defendants"). Plaintiff also brings a claim against Freedom Mortgage for violations of the Real Estate Settlement Procedures Act ("RESPA"), 12 U.S.C Sec. 2601. Defendant Equifax settled with Plaintiff (Doc. 83) and was dismissed from this Complaint on March 13, 2026. Defendant Wells Fargo was dismissed from this Complaint on October 7, 2025. Defendant Hyundai was dismissed from this Complaint on October 10, 2025. Plaintiff filed a Chapter 11, Subchapter 5 Bankruptcy on March 22, 2023, in the United States Bankruptcy Court for the District of Arizona (the "Bankruptcy Court") (Case No. 2:23-bk-01792-BKM). On August 28, 2023, the Bankruptcy Court entered an Order Confirming Debtor's Plan of Reorganization (the "Plan"). The Bankruptcy was closed on November 13, 2023. Plaintiff alleges that upon the confirmation, "all of Plaintiff's dischargeable debts had zero-dollar balances. Plaintiff alleges she disputed the CRAs' reporting of the Loan on September 4, 2024, January 17, 2025, and June 23, 2025, and that the CRAs forwarded those disputes to Freedom Mortgage. Plaintiff also maintains that Freedom Mortgage failed to fully and properly investigate her disputes in violation of the FCRA. Plaintiff makes the same allegations regarding the other Furnishing Defendants. Defendant asserts that Plaintiff's claims relate to core proceedings over which the Bankruptcy Court has jurisdiction. Plaintiff says these are non-core, private right damages under the FCRA and RESPA, not bankruptcy causes of action that arise under title 11 or arise in a bankruptcy case. The District Court finds that the instant cause of action arises out of and is related to the Bankruptcy Case. The Bankruptcy Court also retains jurisdiction over any matters concerning its approved Order and Plan, as provided for in the language of the Plan, the Order, and through relevant case law. Therefore, the Court grants Defendant's Motion for Referral to Bankruptcy Court. Consequently, the Court determines that it is appropriate for the District of Arizona Bankruptcy Court to take jurisdiction over this case. Plaintiff's claims concern her interpretation of the Plan because she believes her debts to Furnisher Defendants were discharged upon confirmation of it. Defendants disagree. These varying interpretations affect the implementation, consummation, execution, and administration of the confirmed Plan as the instant case could alter Plaintiff's rights and liabilities and may impact the handling and administration of the bankrupt estate. The differing interpretations meet the close nexus test and establish "related to" jurisdiction. Therefore, the Court finds the bankruptcy court has "related to" jurisdiction to adjudicate Plaintiff's claims. This matter is stayed pending referral to the Bankruptcy Court. The parties must file status reports on the Bankruptcy proceeding on October 3, 2026, and every six months thereafter. A copy of the Court's Order dated April 13, 2026, is available at http://urlcurt.com/u?l=FSq0Zsfrom PacerMonitor.com. Diana M. Rubottom filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No. 23-01792) on March 22, 2023, listing under $1 million in both assets and liabilities. The Debtor is represented by Thomas Allen, Esq., at Allen, Jones & Giles, PLC. DIESEL DEVELOPMENT: Gets Court Nod to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Pennsylvania entered a consent order allowing Diesel Development Systems, LLC to use the cash collateral of its secured lender, The Huntington National Bank. The court authorized use of cash collateral in the ordinary course, requiring operations to stay within a 10% budget variance unless Huntington or the court approved otherwise. The Debtor is not authorized to sell or dispose of assets outside the ordinary course of business and to use certain proceeds from the sale of Huntington's collateral or related insurance recoveries, which must be turned over to the bank. As protection, Huntington will receive monthly payments of $12,500, beginning May 1. Huntington's pre-petition liens continue post-petition on assets acquired before and after the Debtor's bankruptcy filing. The Debtor's authority to use cash collateral expires on July 10, unless extended by agreement. If the Debtor defaults by violating the order, missing payments, or breaching loan terms, and fails to cure within seven days of notice, its authority to use cash collateral automatically terminates and Huntington may pursue additional remedies. The consent order is available at https://is.gd/28yJlD from PacerMonitor.com. Huntington is represented by: John O'Keefe, Jr. Metz Lewis Brodman Must O'Keefe, LLC 444 Liberty Avenue, Suite 2100 Pittsburgh, PA 15222 Phone: 412-918-1100 / 412-918-1133 Fax: 412-918-1199 jokeefe@metzlewis.com About Diesel Development Systems Diesel Development Systems, LLC, operates the Diesel Sports Complex, a sports and training facility located in Cranberry Township, Pennsylvania. The company owns the 9043 Marshall Road property, which features indoor and outdoor turf fields used for athletic training and recreational events. Diesel Development Systems is classified under the amusement and recreation industry and conducts business primarily in western Pennsylvania. Diesel Development Systems filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22796) on Oct. 17, 2025, listing up to $10 million in both assets and liabilities. Judge Carlota M. Bohm oversees the case. Brian C. Thompson, Esq., at Thompson Law Group, PC, serves as the Debtor's bankruptcy counsel. DIOCESE OF OAKLAND: Abuse Claimants Pursue Own Chapter 11 Exit Plan ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that the clergy abuse survivor groups involved in the bankruptcies of the Catholic dioceses in Oakland and Baltimore are pressing forward with rival reorganization plans, seeking to boost recoveries and shed light on opaque settlement talks. The move underscores growing frustration among claimants over delays and uncertainty in the resolution process. In Oakland, the survivors' committee has proposed a plan centered on a $314 million compensation trust, significantly higher than the diocese's $180 million offer. The committee is required to submit revised disclosures this week, after which a judge may allow both proposals to proceed to a creditor vote, the report relays. While uncommon in standard Chapter 11 proceedings, competing plans have become increasingly frequent in church bankruptcies over the past decade. Legislative changes expanding the rights of abuse victims have led to a surge in claims, complicating negotiations among dioceses, insurers, and survivors. These cases often take years to reach formal proposals, leaving claimants with limited insight into progress, according to Bloomberg. In Baltimore, the committee has put forward a $541.3 million trust while the archdiocese prepares its own reorganization plan. Legal experts say such competing proposals often emerge when parties disagree on feasibility and can ultimately drive higher settlement values. Although access to financial data remains limited, these filings provide greater transparency and help move stalled cases toward resolution, the report states. About Roman Catholic Bishop Of Oakland The Roman Catholic Bishop of Oakland, a tax-exempt religious organization, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-40523) on May 8, 2023. In the petition signed by Bishop Michael Charles Barber, the Debtor disclosed $100 million to $500 million in both assets and liabilities. Judge William J. Lafferty oversees the case. The Debtor tapped Foley & Lardner LLP as legal counsel and Alvarez & Marsal North America, LLC as restructuring advisor. Kurtzman Carson Consultants LLC is the Debtors' claims and noticing agent and administrative advisor. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee tapped Lowenstein Sandler, LLP as bankruptcy counsel; Burns Bair LLP as special insurance counsel; and Berkeley Research Group, LLC as financial advisor. DIVERSIFIED WIRE: To Sell Two Vehicles to Carvana Co. for $53K -------------------------------------------------------------- Diversified Wire & Cable Inc. seeks permission from the U.S. Bankruptcy Court for the Eastern District of Michigan, Southern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Deborah Fish has been appointed as the Subchapter V Trustee in the case. The Debtor owns a number of used vehicles that were no longer in use or were not necessary for the day to day operation of the Debtor's business. The Debtor has determined that two Vehicles should be sold in order to satisfy the associated outstanding secured claims and to enhance cash flow for operations by eliminating the monthly payments, insurance and maintenance costs associated with maintaining the Vehicles. The Debtor has received quotes from several online platforms. The offers from Carvana Co. were at the highest price and on the best terms. Carvana has agreed to purchase the Vehicles on an "as is, where is" basis. The Debtor received the following offers to purchase from Carvana: a. 20020 Ford Transit Cargo Van: $16,300; and b. 2022 Ford Bronco: $36,700. The Van is in fair condition with approximately 87,573 miles. As of the date of the Motion, the total payment payoff amount due and owing to Ford Motor Credit for the Van is $2,460. The Debtor owns two cargo vans. Given the current sales volume, the Debtor only needs one cargo van to meet its needs. The sale of the Van to Carvana will generate $13,839.92 for the Debtor's estate. The Bronco is in good condition with approximately 24,500 miles. As of the date of the Motion, the total payoff amount due and owing to Huntington Bank in connection with the Bronco is $36,608,13. Carvana offered to purchase the Bronco for $36,700. The Bronco was offered as a benefit to an employee of the Debtor, but due to necessary cutbacks on employee benefits, the Debtor has determined its should sell the Bronco. The sale of the Bronco to Carvana will generate $91.87 for the Debtor's estate. The Debtor has continued to maintain insurance coverage for the Vehicles and has incurred expenses to maintain the Vehicles in operating condition. The Debtor believes that it is in the best interest of the Debtor, the Debtor's estate and its creditors for the Debtor to proceeds with the sale of the Vehicles to Carvana. The Debtor is prepared to proceeds with the sale as set forth in each of the Bill of Sale. The terms of the Bill of Sale are consistent with those in the industry and are commercially reasonable. The Debtor has in good faith determined that the most effective and efficient sale, at the highest purchase price for the Vehicles, is a sale to Carvana. The Debtor believes that the purchase price is a fair value and exceeds the value that would be recovered if the assets were sold through a bulk auction or directly to an auctioneer. The sale of the Vehicles is necessary in order for the Debtor to successfully reorganize. The Debtor believes that each lender has a lien against the Vehicles. About Diversified Wire & Cable Inc. Diversified Wire & Cable, Inc. supplies wire and cable products and supports telecommunications and technology infrastructure projects with related engineering and integration services. The company provides cable assembly, cabinet build solutions, and systems design assistance while operating a service center that fulfills both custom and large-volume orders. It works with contractors and corporate clients to source and deliver the cabling components needed for network and technology installations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-42632) on March 12, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Dean Stanton, CEO, signed the petition. Judge Maria L. Oxholm presides over the case. Lynn M. Brimer, Esq. at STROBL PLLC represents the Debtor as legal counsel. DOCK ON COOLEY: Kimberly Ross Clayson Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Kimberly Ross Clayson, Esq., as Subchapter V trustee for The Dock on Cooley, LLC. Ms. Clayson, an attorney at Taft Stettinius & Hollister, LLP, will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clayson declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kimberly Ross Clayson, Esq. Taft Stettinius & Hollister, LLP 27777 Franklin Rd., Ste. 2500 Southfield, MI 48034 Phone: (248) 727.1635 Email: kclayson@taftlaw.com 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 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-30869) on April 8, 2026, with between $100,001 and $500,000 in both assets and liabilities. Judge Joel D. Applebaum oversees the case. Robert N. Bassel, Esq., represents the Debtor as legal counsel. DONNA DISHER: Gets Final OK to Use Cash Collateral -------------------------------------------------- Donna Disher Corporation received final approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to use cash collateral. The court authorized the Debtor to continue using cash collateral for business operations until further order in accordance with its budget, which projects total monthly operational expenses of $16,360. Operations must stay within a 10% variance of the approved budget. The Debtor has listed several creditors that may have an interest in the collateral, including the U.S. Small Business Administration, National Funding, Square, and West Aircom Federal Credit Union. Pursuant to the final order, pre-petition liens of secured creditors remain in effect post-petition but are limited to their original value at the start of the Debtor's bankruptcy case. Creditors will be granted replacement liens only to the extent their collateral value diminishes due to the Debtor's use. These liens exclude avoidance actions under Chapter 5 and certain recovery claims. All parties retain the right to challenge the validity, priority or extent of liens. The final order does not grant creditors any superpriority administrative claim. The order is available at https://is.gd/LWRI2N from PacerMonitor.com. About Donna Disher Corporation Donna Disher Corporation operates a salon business in Beaver County, Pennsylvania. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-20648) on March 9, 2026. In the petition signed by Donna R. Disher, president and shareholder, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Carlota M. Bohm oversees the case. Christopher M. Frye, Esq., at Steidl & Steinberg, P.C, represents the Debtor as legal counsel. DP LOUISIANA: Court Extends Cash Collateral Access to May 19 ------------------------------------------------------------ DP Louisiana, LLC received ninth interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral to fund its operations. The ninth interim order authorized the Debtor to use cash collateral through May 19. The Debtor intends to use cash received from the sale of hydrocarbons in which a secured creditor may assert security interests pursuant to the Louisiana Oilwell Lien Act (LOWLA). It has identified 26 creditors, which may possess lien rights against the oil and gas leases and equipment it owns. As adequate protection, the LOWLA lienholders will be granted perfected replacement liens on collateral as to which they had a first priority lien as of the petition date, subject to the carveout for certain fees; and junior perfected liens on the collateral that is subject to a validly perfected lien with priority over the LOWLA lienholders' liens as of the petition date. In case the replacement liens prove to be inadequate to protect the LOWLA lienholders, an allowed superpriority administrative expense claim will be granted to such lienholders, subject to the carveout. The ninth interim hearing is scheduled for May 19. A copy of the ninth interim order and the Debtor's budget is available at https://tinyurl.com/4bjv652x from PacerMonitor.com. About DP Louisiana LLC DP Louisiana LLC is engaged in oil and gas extraction operations. It is based in Louisiana and uses EAG Services in Houston, Texas, for administrative support. DP Louisiana sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11366) on June 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Meredith S. Grabill handles the case. The Debtor is represented by Douglas S. Draper, Esq., at Heller, Draper & Horn, L.L.C. EMERGENT BIOSOLUTIONS: Moody's Affirms 'B3' CFR, Outlook Stable --------------------------------------------------------------- Moody's Ratings affirmed the ratings of Emergent BioSolutions Inc. ("Emergent") including the B3 Corporate Family Rating, the B3-PD Probability of Default Rating and the Caa1 senior unsecured rating. Moody's also revised the Speculative Grade Liquidity Rating to SGL-2 from SGL-3. The outlook remains stable. The ratings affirmation reflects Emergent's efforts to reduce leverage through debt repayment, and some momentum in expanding the medical countermeasure (MCM) business outside of the US. While Emergent's MCM business remains highly reliant on US government ordering patterns, growing demand from international customers has the potential to improve business stability over time. At the same time, the B3 CFR reflects risks from the inherent earnings volatility in the business due to unpredictable order flow from the MCM business, and ongoing competitive pressures on the Narcan franchise. This dynamic was illustrated by the company's FY2026 adjusted earnings guidance, which implies an EBITDA decline of nearly 30% at the midpoint. While the company's recent term loan refinancing will improve covenant cushion and reduce interest expense, the qualitative business risks remain the primary constraining factor on the ratings. RATINGS RATIONALE Emergent's B3 CFR reflects its niche position supplying products that address public health threats. Notwithstanding volatility in government ordering patterns, Moody's expects Emergent to benefit from ongoing sales of medical countermeasures to the US Strategic National Stockpile with high barriers to entry. In addition, sales of Narcan products are supported by the severity of the US opioid epidemic and its expansion into the over-the-counter market that improves patient access. Tempering these strengths, the timing and underlying demand for Emergent's medical countermeasure products is unpredictable. This makes run-rate profitability and credit metrics difficult to estimate given Emergent's limited product diversification. In addition, revenues from the Narcan franchise will continue to face competitive pressure from generic alternatives, despite the unique strength of the brand. The SGL-2 speculative grade liquidity rating reflects good liquidity with no material debt maturities over the next 12 months. Emergent's liquidity is bolstered by $206 million of cash on hand as of 12/31/25, providing some buffer for cash flow fluctuations in certain quarters. Emergent has an asset-based revolving credit facility providing borrowings up to $50 million that is currently undrawn. The company's new term loan includes a maintenance covenant set at 5.25x debt/EBITDA commencing on 9/30/26. Under Moody's base case expectations, Moody's expects the company will maintain adequate cushion to this covenant. The Caa1 rating on the senior unsecured notes is one notch below the B3 Corporate Family Rating and reflects the presence of secured debt in the form of a 1st lien term loan and asset-based lending facility, both of which rank ahead of the senior unsecured notes in priority. The outlook is stable, reflecting moderate leverage and a solid cash balance, mitigated by earnings and cash flows that will remain subject to high volatility due to US government ordering patterns and Narcan revenue pressures. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Factors that could lead to an upgrade include greater consistency in US government procurement patterns along with good pipeline execution driving increased diversity. Increased earnings stability and improved liquidity could also drive positive ratings pressure. Factors that could lead to a downgrade include sustained pressure on the Narcan franchise, significant delays in US government procurement, or a deterioration in liquidity including weak cash flow and/or reduced covenant cushion. Headquartered in Gaithersburg, Maryland, Emergent BioSolutions Inc. is a life sciences company that provides pharmaceuticals, vaccines, medical devices and contract manufacturing services related to public health threats affecting civilian and military populations. Revenue for fiscal year 2025 totaled approximately $743 million. The principal methodology used in these ratings was Pharmaceuticals 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. EMMAUS LIFE: Jon Kuwahara Steps Down From Board of Directors ------------------------------------------------------------ Emmaus Life Sciences Inc. disclosed in a regulatory filing that Jon Kuwahara resigned from his position as a member of the Company's Board of Directors on April 13, 2026, with the resignation effective April 15, 2026. About Emmaus Life Sciences Emmaus Life Sciences, Inc. is a commercial-stage biopharmaceutical company engaged in the marketing and sales of the Company's lead product Endari (prescription grade L-glutamine oral powder), which is approved by the U.S. Food and Drug Administration, or FDA, to reduce the acute complications of sickle cell disease in adult and pediatric patients five years of age and older. Endari has received Orphan Drug designation from the FDA, which designation generally affords to market exclusivity for Endari in the U.S. for a seven-year period ending in July 2024. Costa Mesa, California-based CBIZ CPAs P.C., the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $21.4 million in total assets, $85 million in total liabilities, and $63.6 million in total stockholders' deficit. ENERGY FOCUS: Invests in Japan's Energy Storage Power Plant ----------------------------------------------------------- Energy Focus, Inc. announced a joint investment with Japan's Meihodo Co., Ltd. and Euka Power Japan Co., Ltd. in an energy storage power plant located in Asakura, Fukuoka, Japan. Holding a 35% stake, EFOI will play a lead role in battery procurement and related energy management functions, positioning the Company to participate in the power regulation market, one of the most valuable segments in the global energy industry. The project has already received a grid application response from Kyushu Electric Power and is expected to reach Commercial Operation Date in the second half of 2026. This milestone will translate into visible revenue and cash flow, serving as the launchpad for EFOI's "energy platform" strategy. Investment Highlights & Strategic Transformation * Financial Targets: With a total project investment of approximately 500 million JPY (approximately $3.13 million), of which the Company's 35% share represents approximately 175 million JPY (approximately $1.10 million), the project aims for an Internal Rate of Return exceeding 35%. * Revenue Streams: By leveraging Japan's balancing market, capacity market, and real-time arbitrage mechanisms, the project is designed to generate revenue from multiple power market participation opportunities. * Business Pivot: This highly replicable and scalable model facilitates EFOI's transition from a traditional energy products company into an asset-and-data-driven "Energy-as-a-Service" platform. Market Positioning in Japan As one of the world's most critical markets for energy transition, Japan offers high electricity prices, stable demand, and robust policy support. This move is more than a single project investment; it is the core node for EFOI to establish a regional energy network and Virtual Power Plant ("VPP") capabilities. Utilizing its proprietary energy storage technology, Energy Management Systems ("EMS"), and power aggregation capabilities, the company is set to fully penetrate the power trading and energy services market, significantly raising its earnings ceiling. Future Outlook and Valuation EFOI intends to use this project as a springboard to accelerate expansion across Japan and the broader Asia-Pacific region. Over the next five years, the company is targeting over 1GW in energy storage and energy product sales opportunities, subject to market conditions and successful project execution, tapping into a potential multi-hundred-million-dollar market. As asset scale and profitability rise, EFOI is poised to reshape its valuation logic, emerging as a high-growth energy technology platform of significant interest to capital markets. "This investment marks a meaningful milestone in Energy Focus' evolution and reflects our confidence in the long-term opportunity within Japan's energy storage and power regulation markets," said Chiao-Chieh (Jay) Huang, Chief Executive Officer of Energy Focus. "We are particularly excited about the combination of attractive project-level returns and the strategic platform it creates for future expansion. This project not only demonstrates the strength of our technology and partners, but also establishes a scalable model that we believe can be replicated across Japan and the broader Asia-Pacific region. As we build out this energy platform, we see a clear path toward recurring revenue, stronger cash flow visibility, and significant long-term value creation for our shareholders." About Energy Focus Solon, Ohio-based Energy Focus -- http://www.energyfocus.com-- engages primarily in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. The Company develops, markets, and sells high-quality light-emitting diode ("LED") lighting and controls products in the commercial market and military maritime market. Columbus, Ohio-based GBQ Partners, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated March 25, 2025, attached in the Company's Annual Report on Form 10-K for the year ended Dec. 25, 2024, citing that the Company has suffered recurring losses from operations and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $5.2 million in total assets, $2.1 million in total liabilities, and $3.1 million in total stockholders' equity. EVERY BLOOMING THING: Has Deal on Cash Collateral Access -------------------------------------------------------- Every Blooming Thing, LLC and Northwest Bank advise the U.S. Bankruptcy Court for the District of Utah, Central Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The Debtor needs to continue using cash generated from its ongoing operations—primarily credit card receipts, checks, and direct deposits—to fund essential business expenses, including payroll, taxes, insurance, overhead, restructuring costs, and other operational needs as outlined in an attached budget. Northwest, which holds a first-priority lien on substantially all of the Debtor's assets including cash, has consented to this use of cash collateral, but the parties jointly seek court approval to formalize the arrangement and ensure adequate protection of Northwest's secured interest. The agreement provides Northwest with multiple layers of adequate protection. First, Northwest will receive a post-petition replacement lien on all post-petition assets, including accounts receivable, inventory, cash, proceeds, insurance recoveries, and other property generated after the bankruptcy filing, but only to the extent necessary to compensate for any diminution in the value of its prepetition collateral caused by the Debtor's use of cash collateral. This replacement lien will be automatically deemed valid, perfected, and enforceable without the need for further filings or actions, and will carry the same priority as Northwest's prepetition security interest. However, it will not extend to avoidance actions or related recoveries under the Bankruptcy Code. In addition, Northwest is granted a superpriority administrative expense claim under 11 U.S.C. sections 503(b) and 507(b), which would rank above all other administrative and unsecured claims in the case to the extent its collateral position is impaired. The Debtor began suffering financial losses in 2024, attempted to stabilize operations through merchant cash advances, but instead incurred escalating debt exceeding six-figure monthly obligations. This financial deterioration, combined with declining revenue and rising costs, ultimately led to the Chapter 11 Subchapter V filing. The Debtor asserts that continued use of cash collateral is essential to maintain operations and preserve estate value, as cessation of business would cause immediate and irreparable harm. A court hearing is scheduled for May 26. A copy of the stipulation is available at https://urlcurt.com/u?l=qGVXPK from PacerMonitor.com. About Every Blooming Thing LLC Every Blooming Thing, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-22079) on April 14, 2026. In the petition signed by Robert J. Upwall, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Peggy Hunt oversees the case. Andres Diaz, Esq., at Diaz & Larsen, represents the Debtor as legal counsel. James S. Sorenson, Esq., represents Northwest Bank as legal counsel. FAT BRANDS: Bradley Arant & Orrick Represent Franchisers -------------------------------------------------------- In the Chapter 11 bankruptcy cases of Fat Brands Inc. and its debtor-affiliates, Bradley Arant Boult Cummings LLP and Orrick, Herrington & Sutcliffe LLP, as counsel, filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, an amended Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court that both firms represent the Ad hoc group of Twin Peaks Franchisees. According to the Ad Hoc Group's Verified Statement: 1. The Ad Hoc Group was formed by its members to coordinate their participation in these Chapter 11 cases and to retain counsel to represent their common interests. The Ad Hoc Group acts solely on behalf of its identified members. 2. On February 25, 2026, the members of the Ad Hoc Group retained Bradley and Orrick to represent them in connection with the Chapter 11 cases. 3. Neither the Ad Hoc Group nor its members represent or purport to represent any other entity and undertake no duties or obligations to any other entity in connection with these Chapter 11 cases. Each member of the Ad Hoc Group neither represents the interests of, nor acts as a fiduciary for, any person or entity other than itself in connection with these Chapter 11 cases. Counsel neither represents nor purports to represent any of the members of the Ad Hoc Group in their individual capacities or any other entities in these Chapter 11 cases that have not signed engagement letters with Counsel. 4. The members of the Ad Hoc Group may hold claims, contractual rights, or other disclosable economic interests (as defined in Bankruptcy Rule 2019(a)(1)) arising under franchise agreements and related transactions with certain of the Debtors. 5. Pursuant to Federal Rule of Bankruptcy Procedure 2019(c)(4), the members of the Ad Hoc Group have agreed to be bound by the terms of an Ad Hoc Group of Twin Peaks Franchisees Participation Agreement, which governs, among other things, the sharing of information and coordination of positions in these chapter 11 cases. A copy of such agreement is available at https:/www.pacermonitor.com/view/6L3MLGQ/FAT_Brands_Inc_and_Official_Committee__txsbke-26-90126__1006.0.pdf?mcid=tGE4TAMA 6. The information provided to Counsel by the members of the Ad Hoc Group is intended only to comply with Bankruptcy Rule 2019 and not for any other purpose. 7. Upon information and belief formed after due inquiry, Counsel does not hold any disclosable economic interests (as that term is defined in Bankruptcy Rule 2019(a)(1)) in relation to the Debtors. 8. Nothing should be construed as an admission that the requirements of Bankruptcy Rule 2019 apply to Counsel's representation of the Ad Hoc Group. 9. Nothing contained in this Amended Verified Statement is intended to or should be construed to constitute: -- a waiver or release of any claims or interests against the Debtors by any member of the Ad Hoc Group; -- an admission with respect to any fact or legal theory; or -- an amendment to, or restatement of, any proof of claim or interest in the Debtors. Nothing should be construed as a limitation upon, or waiver of, any rights of any member of the Ad Hoc Group, including, without limitation, to assert, file, and/or amend any claim or proof of claim filed in accordance with applicable law and any orders entered in these cases. 10. The Ad Hoc Group, through its Counsel, reserves the right to amend or supplement this Amended Verified Statement in accordance with the requirements of Bankruptcy Rule 2019 at any time in the future. 11. The provided information about the members is subject to change. The names, addresses, and disclosable economic interests (Executory rights arising under certain franchise agreements with certain Debtors, and potential pre and post-petition claims arising in relation thereto or connection therewith) of each present member of the Ad Hoc Group in relation to the Debtors, are: 1. Avalanche Food Group 110 Venice Street Sugarland, TX 77478 2. AZ Peaks Restaurant Group 2850 E. Camelback Rd., Suite 180 Phoenix, AZ 85016 3. La Cima Restaurants LLC 3365 Piedmont Road, N.E., Ste. 1050 Atlanta, GA 30305 4. Motor City Peaks LLC 23925 Industrial Park Dr. Farmington Hills, MI 48335 5. Stove Top Restaurant Group LLC 207 Village Lane Southampton, NJ 08088 6. Chinaberry LLC 513 3rd Avenue South Nashville, TN 37210 7. Falcons TP LLC 1995 North Park Place, Ste. 430 Atlanta, GA 30339 8. Music City Consulting 611 Commerce Street, Ste. 2602 Nashville, TN, 37203 9. Permian Entertainment, LLC 1222 N. Grant St. Odessa, TX 79761 10. Pirate Booty, LLC 23 Wyck Hill Lane Westlake, TX 76262 11. VegasTP 1653 Waterford Falls Ave. Las Vegas, NV 89123 12. DMD Ventures 15951 SW 41st St., Ste. 800 Davie, FL 33331 About Fat Brands, Inc. FAT Brands (NASDAQ: FAT) — http://www.fatbrands.com/ —is a global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The company currently owns restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses. FAT Brands franchises and owns over 2,200 units worldwide. Fat Brands Inc. and 181 affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90126) on Jan. 26, 2026. In its petition, Fat Brands listed more than $1 billion in both assets and liabilities. Judge Alfredo R. Perez handles the cases. The Debtors tapped Latham & Watkins, LLP as legal counsel, GLC Advisors & Co., LLC as investment banker and Huron Consulting Services, LLC as financial advisor. Omni Agent Solutions, Inc. serves as claims, noticing and solicitation agent. White & Case, LLP, represents the Ad Hoc Group of Securitization Noteholders. Greenberg Traurig, LLP represents UMB Bank, National Association, solely in its capacity as trustee to a certain series of notes. Co-Counsel to the Ad Hoc Group of Twin Peaks Franchisees: Jarrod B. Martin, Esq. Joshua A. Lesser, Esq. BRADLEY ARANT BOULT CUMMINGS LLP 600 Travis, Suite 5600 Houston, TX 77002 Tel: 713-576-0300 E-mail: jbmartin@bradley.com jlesser@bradley.com – and - Mark Franke, Esq. Brandon Batzel, Esq. ORRICK, HERRINGTON & SUTCLIFFE LLP 51 West 52nd Street New York, NY 10019-6142 Tel: 212 506 5000 E-mail: mfranke@orrick.com bbatzel@orrick.com FAT BRANDS: Sale Hearing Scheduled for May 8, 2026 -------------------------------------------------- In re: FAT BRANDS INC., et al., Debtors, (Bankr. S.D. Tex. Lead Case No.26-90126(ARP)), on January 26, 2026, FAT Brands Inc. and its debtor-affiliates (collectively the "Debtors") filed voluntary petitions commencing the cases (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code, 11 U.S.C. Secs. 101,et seq. (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Court"). On March 12, 2026, the Debtors filed a motion (the "Motion"), that requested the entry of an order approving, among other things, the Bidding Procedures by which the Debtors will solicit and select the highest or otherwise best offer for the sale of the Assets through one or more sales (each, a "Transaction"). On April 9, 2026, the Bankruptcy Court entered the Order (I) Approving Bidding Procedures for Sale of Debtors' Assets; (II) Establishing Procedures for Debtors' Assumption and Assignment of Certain Executory Contracts and Unexpired Leases in Connection Therewith; (III) Scheduling Dates for an Auction and a Hearing to Consider Approval of any Resulting Sale; (IV) Approving Form and Manner of Notices Related Thereto; and (V) Granting Related Relief (the "Bidding Procedures Order"). Among other things, the Bidding Procedures Order: (a) approves the bidding procedures attached to the Bidding Procedures Order as Annex 1 (the "Bidding Procedures"), (b) establishes procedures for the assumption and assignment of executory contracts and unexpired leases, including notice of proposed cure amounts (the "Assumption and Assignment Procedures"); (c) schedules (i) a date for an auction if the Debtors receive one or more timely and acceptable Qualified Bids (the "Auction") and (ii) a final hearing (the "Sale Hearing") to approve one or more Transactions, as necessary; (d) approves the form and manner of notice of (i) the Auction and Sale Hearing and(ii) the Assumption and Assignment Procedures; (e) approves the procedures governing the Debtors' selection of one or more stalking horse bidders (each, a "Stalking Horse Bidder"), if any, and the provision of Bid Protections to such Stalking Horse Bidders, if necessary; and(f) grants related relief. All interested or potentially affected parties should carefully read the Bidding Procedures and the Bidding Procedures Order. Any party that wishes to take part in the sale process contemplated by the Bidding Procedures Order and submit a Bid for the Assets must submit its Bid in accordance with the terms and conditions of the Bidding Procedures, including the requirements for submitting a Qualified Bid, by April 24, 2026 at 4:00 p.m.(prevailing Central Time) (the "Bid Deadline"); provided, that the Bid Deadline is subject to change, and the Debtors shall notify the Consultation Parties and all other interested parties of any such change bynoticefiledonthedocketintheChapter11Cases. Pursuant to the Bidding Procedures Order, if the Debtors receive two or more timely and acceptable Qualified Bids for the same Assets, the Debtors will conduct the Auction on April 27, 2026, at 9:00 a.m.(prevailing Central Time)at the offices of counsel for the Debtors, Latham & Watkins LLP, 1271 Avenue of the Americas, New York, NY 10020, or at such other place and time, including but not limited to a remote auction held online, as the Debtors shall notify all Qualified Bidders, the Consultation Parties, and all other parties entitled to attend the Auction. Only the Debtors, the Consultation Parties, the Stalking Horse Bidders (if any), any other Qualified Bidder and/or other parties as the Debtors may determine to include in their discretion, in each case along with their representatives and advisors, shall be entitled to attend the Auction (such attendance to be in person);provided, however, that lease Counterparties may virtually observe (but not participate in) the Auction with prior notice to, and approval from, the Debtors and the Consultation Parties. Only Qualified Bidders will be entitled to make Overbids at the Auction. The Debtors have the right to adjourn or cancel the Auction during, or at anytime prior to, the Auction. Pursuant to the Bidding Procedures Order, the Debtors (in consultation with the Consultation Parties)are authorized to enter into one or more agreements (each, a "Stalking Horse Agreement") with one or more Stalking Horse Bidders regarding a Transaction. In the event that the Debtors select one or more parties to serve as a Stalking Horse Bidder, upon such selection, the Debtors shall provide, to(i) all parties on the Master Service List(as defined in the Motion), (ii) counsel for any statutory committee appointed in the Chapter 11Cases,(iii) counsel to the WBS Ad Hoc Group,(iv)all parties then known to have expressed an interest in the Assets as part of the marketing process approved by the Bidding Procedures Order, and (v) all parties holding liens on the Assets, notice and an opportunity to object on the earlier of(a) five(5) business days from filing and serving of the Bid Protections Notice and(b) the Post-Auction Objection Deadline, to the designation of such Stalking Horse Bidder and the Bid Protections being provided to such Stalking Horse Bidder. Absent objection, the Debtors may submit a proposed order to the Court under either a certificate of no objection or, if an objection, formal or informal, is lodged but consensually resolved, a certificate of counsel approving the selection of such Stalking Horse Bidder, which proposed order shall be reasonably satisfactory to the Required DIP Lenders; provided, however, if a timely objection is made to the Debtors' designation of a Stalking Horse Bidder and/or the proposed Bid Protections for such Stalking Horse Bidder, which objection is not consensually resolved, then the Debtors shall seek a hearing before the Court at which the Court will consider such objection and rule on whether the Debtors' designation of the applicable Stalking Horse Bidders, including, but not limited to, any Bid Protections proposed for such Stalking Horse Bidders, will be approved and the Debtors' designation of such Stalking Horse Bidders and any Bid Protections proposed for such Stalking Horse Bidders shall not be approved unless and until the Court enters an order approving such designation and/or Bid Protections and, in such instance, solely to the extent set forth in the Court's order. The Sale Hearing to consider approval of any Transaction and the transfer of certain Assets and the Assumed Liabilities to the Successful Bidder(s), free and clear of all pledges, liens, security interests, encumbrances, claims, charges, options, and other interests thereon in accordance with section 363(f) of the Bankruptcy Code, will be held before the Honorable Alfredo R. Perez, United States Bankruptcy Judge at the United States Bankruptcy Court for the Southern District of Texas, 515 Rusk Street, Courtroom 400, Houston, TX 77002 on May 8, 2026, at 1:00 p.m. (prevailing Central Time). The Sale Hearing may be adjourned from time to time without further notice to creditors or other parties in interest other than by announcement of the adjournment in open court or by notice filed on the docket in the Chapter 11 Cases. Any and all objections to the Debtors' proposed sale of their Assets free and clear of any and all pledges, liens, security interests, encumbrances, claims, charges, options, and other interests thereon(a "Sale Objection") shall be filed and served on the Objection Recipients not later than April 27, 2026, at 4:00 p.m. (prevailing Central Time) (the "Sale Objection Deadline"). Objections to the Transaction(s), if any, on the basis of (i) the conduct of the auction and (ii) with respect to Counterparties to Designated Contracts, to objections on the basis of the ability of a Successful Bidder to provide adequate assurance of future performance must be filed and served so as to be actually received by the Objection Recipients(as defined below)(i) no later than May 6,2026 at 4:00p.m.(prevailing Central Time)or(ii)in the event that the date(s) of the Bid Deadline and/or Auction are changed, such later date(s) as shall be filed on the docket in the Chapter 11 Cases. The "Objection Recipients" are: (i)the Debtors,1166AvenueoftheAmericas,Suite 300,New York, NY 10036, Attn: John C.DiDonato(jdidonato@hcg.com)and Abhimanyu Gupta (abhigupta@hcg.com); (ii) counsel tothe Debtors, Latham & Watkins LLP,(1)1271 Avenueof the Americas, New York NY10020, Attn: Ray C. Schrock (ray.schrock@lw.com), Natasha Hwangpo (natasha.hwangpo@lw.com), Randall Carl Weber-Levine (randall.weber-levine@lw.com), Ashley Gherlone Pezzi (ashley.pezzi@ lw.com),andThomasFafara(thomas.fafara@lw.com)and(2)10250 Constellation Blvd., Suite 1100 Los Angeles, California 90067, Attn: Ted A.Dillman (ted.dillman@lw.com); (iii) co-counsel to the Debtors, Hunton Andrews Kurth LLP,600TravisStreet,Suite 4200 Houston, TX 77002, Attn: Timothy A.("Tad") Davidson II (taddavidson@hunton.com), Ashley L. Harper (ashleyharper@hunton.com), and Philip M. Guffy (pguffy@hunton.com); (iv) counsel to the WBS Ad Hoc Group,White&Case LLP, (1) 609 Main Street, Suite 2900, Houston, Texas 77002, Attn: Charles R. Koster (charles.koster@whitecase. com),(2)200South Biscayne Boulevard,Suite 4900,Miami,Florida 33131, Attn: Brian Pfeiffer (brian.pfeiffer@whitecase.com) and Amanda Parra Criste (aparracriste@whitecase.com), and (3) 111 SouthWacker Drive,Suite 5100,Chicago, Illinois60606, Attn:Jason N.Zakia(jason.zakia@whitecase.com)and AdamT.Swingle(adam.swingle@whitecase.com); (v) counsel to the Creditors' Committee, Paul Hastings LLP, (1) 200 Park Ave, New York, New York 10166, Attn: Kristopher M. Hansen (krishansen@paulhastings.com) and Gabriel E. Sasson (gabesasson@paulhastings.com), and (2) 2001 Ross Avenue, Suite 2700, Dallas, Texas 75201, Attn: Charles M. Persons (charlespersons@paulhastings.com);and (vi) the Office of the United States Trustee for Region 7,515 Rusk Street, Suite 3516, Houston, TX 77002, Attn: Jayson B. Ruff (jayson.b.ruff@usdoj.gov) and AndrewJimenez(andrew.jimenez@usdoj.gov). Parties interested in receiving more information regarding the sale of the Assets and/or copies of any related document, including the Motion, the Bidding Procedures Order, any Stalking Horse Agreements, or the Bidding Procedures may make a written request to: (i) counsel to the Debtors, Latham & Watkins LLP, 1271 Avenue of the Americas, New York NY 10020, Attn:Ted A.Dillman,Esq.(ted.dillman@lw.com),Natasha Hwangpo, Esq. (natasha.hwangpo@lw.com), Randall Carl Weber-Levine (randall.weber-levine@lw.com), Ashley Gherlone Pezzi (ashley.pezzi@lw.com), and Thomas Fafara (thomas.fafara@lw.com); or (ii) co-counsel to the Debtors, Hunton Andrews Kurth LLP, 600 Travis Street, Suite 4200 Houston, TX 77002, Attn: Timothy A. ("Tad") Davidson II (taddavidson@hunton.com), Ashley L. Harper (ashleyharper@hunton.com),and Philip M.Guffy(pguffy@hunton.com). In addition, copies of the Motion, the Bidding Procedures Order, the Bidding Procedures, and this Notice may be examined by interested parties free of charge at the website established for the Chapter11Casesbythe Debtors' Court-approved claims agent Omni Agent Solutions, Inc.: https://omniagentsolutions.com/FATBrandsTwinHospitality. About FAT (Fresh. Authentic. Tasty.) Brands FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses. FAT Brands franchises and owns over 2,200 units worldwide. Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on Jan. 26, 2026. In its petition, Fat Brands listed estimated assets and liabilities more than $1 billion. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as legal counsel to the Company. GLC Advisors & Co., LLC is serving as investment banker, and Huron Consulting Services LLC is serving as financial advisor. Omni Agent Solutions, Inc., is serving as claims, noticing and solicitation agent. White & Case LLP is representing the Ad Hoc Group of Securitization Noteholders. Greenberg Traurig, LLP represents UMB Bank, National Association, solely in its capacity as Trustee to certain series of notes. FLEXSHOPPER INC: Seeks to Extend Plan Exclusivity to July 20 ------------------------------------------------------------ FlexShopper, Inc. and its affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 20 and Sept. 21, 2026, respectively. The Debtors explain that they are making substantial progress in these chapter 11 cases. Notwithstanding that less than four months have passed since the Petition Date, the Debtors have made substantial progress in these chapter 11 cases. Among other things, the Debtors have: * secured critical first- and second-day relief on a consensual basis, including authority to pay certain prepetition claims and access to debtor-in-possession financing; * communicated with the Committee and other creditors and interested parties, including by reaching certain settlements with some constituents; and * prepared and filed their Schedules of Assets and Liabilities and Statements of Financial Affairs and conducted a section 341 meeting of creditors with the U.S. Trustee. In addition, the Debtors understand that the Committee has been negotiating a consensual resolution of a potential challenge against the Debtors' securitization lender. Such resolution could provide significant value to the estates and likely affects the chapter 11 plan to be proposed by the Debtors. Granting the requested extension will give the Debtors the opportunity to negotiate and potentially propose a plan or otherwise winddown their estates and close the chapter 11 cases without the distraction, cost, and delay of a competing plan process. The Debtors claim that they have been paying their undisputed postpetition bills as they become due. This factor therefore weighs in favor of allowing the Debtors to extend the Exclusive Periods. The Debtors assert that their request to extend the Exclusive Periods is not intended to exert leverage over creditors or any other party affected by these chapter 11 cases. The Debtors continue to work closely with key stakeholders to develop a consensual resolution of these chapter 11 cases that will maximize the value of the Debtors' estates. The Debtors seek an extension out of an abundance of caution. The Debtors further assert that termination of the Exclusive Periods would adversely impact the Debtors' efforts to preserve and maximize the value of their estates and the progress of these chapter 11 cases. Opening these chapter 11 cases up to a competing plan process would benefit neither the Debtors nor their creditors or stakeholders. Termination of the Exclusive Periods would disrupt the critical work that has been done and the efforts of the Debtors to wind down their estates. Moreover, it would substantially increase the costs of administering these chapter 11 cases for no attendant benefit. The Debtors are the best situated and most effective party to manage the plan process and the wind-down of their estates for the benefit of all stakeholders. Counsel to the Debtors: Robert J. Dehney, Sr., Esq. Matthew O. Talmo, Esq. Sophie Rogers Churchill, Esq. Luke Brzozowski, Esq. Liam Davis, Esq. 1201 N. Market Street, 16th Floor Wilmington, Delaware 19801 Telephone: (302) 658-9200 Facsimile: (302) 658-3989 Email: rdehney@morrisnichols.com mtalmo@morrisnichols.com srchurchill@morrisnichols.com lbrzozowski@morrisnichols.com ldavis@morrisnichols.com About FlexShopper, Inc. FlexShopper, Inc. provides consumer financing services focused on lease-to-own and lending products, enabling consumers to obtain durable goods such as electronics and home furnishings through its e-commerce marketplace. It operates as an intermediary by approving consumers through a proprietary underwriting model, purchasing goods from merchant and other supply partners, and leasing them to end users, while also offering consumer loan products through affiliated platforms and third-party arrangements. FlexShopper and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bank. D. Del., Lead Case No. 25-12254) on December 22, 2025. The Debtors reported $50 million to $100 million in estimated assets and $100 million to $500 million in estimated liabilities. The petitions were signed by Matthew Doheny as chief restructuring officer. The Honorable Bankruptcy Judge Laurie Selber Silverstein handles the cases. The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as counsel; Glassratner Advisory & Capital Group, LLC as financial advisor; Two Roads Advisors LLC as investment banker; and Epiq Corporate Restructuring LLC as claims and noticing agent. FORK FOOD: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Fork Food Lab 95 Darling Avenue South Portland ME 04106 Business Description: Fork Food Lab is a South Portland, Maine-based nonprofit food business incubator and shared commercial manufacturing and processing facility. Founded in 2016, it provides members with workspace, equipment, resources, access to locally sourced ingredients, licensing support and equipment training, and it also offers limited private rentals for workshops and classes. Its members include food entrepreneurs and businesses in consumer packaged goods, specialty foods, mobile food units, bakeries, catering and prepared meals. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court District of Maine Case No.: 26-20104 Judge: Hon. Peter G Cary Debtor's General Bankruptcy Counsel: Adam R. Prescott, Esq. BERNSTEIN SHUR SAWYER & NELSON, P.A. 100 Middle Street P.O. Box 9729 Portland ME 04101 Tel: 207-774-1200 Email: aprescott@bernsteinshur.com Total Assets as of December 31, 2025: $3,682,081 Total Liabilities as of December 31, 2025: $4,912,405 The petition was signed by Jason Mills as chief restructuring officer. 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/3W6QNNI/Fork_Food_Lab__mebke-26-20104__0001.0.pdf?mcid=tGE4TAMA FORREST KENT BALMAIN: Court Values Primary Residence at $1,040,237 ------------------------------------------------------------------ Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central District of California entered a Memorandum Decision valuing Forrest Kent Balmain's primary residence at $1,040,237.00 as of the date of the evidentiary hearing. At issue is the value, for plan confirmation purposes, of Debtor's primary residence, located at 11435 Frascati Street, Agua Dulce, CA 91390. Shortly after acquiring the Property, Debtor initiated a major remodeling project. Unfortunately, the substandard work performed by his general contractor created significant issues requiring extensive remediation. And since the remodeling job was only partially completed, substantial additional work will be required to finish the project. After commencing litigation against his prior general contractor, Debtor obtained a settlement of $20,000.00. Debtor and Creditor do not meaningfully dispute what the value of the Property would be if the problems created by the prior contractor were to be corrected and the remaining remodeling work were to be completed. They do, however, disagree on the amount of work required to make the repairs and complete the remodeling. Debtor also contends that when he purchased the Property, he was not aware of certain additional pre-existing defects, which Debtor testifies he discovered only during the course of the botched remodeling project. Debtor's position is that the cost of fixing these alleged defects will be significant, further reducing the value of the Property. Creditor questions whether any pre-existing defects exist at all and contends that, to the extent they do, the costs of correction will be minimal. At the heart of the dispute is whether substantial prior modifications to the Property were properly permitted. The Court finds that Debtor has failed to establish, by a preponderance of the evidence, that substantial unpermitted work was performed at the Property. It follows that Debtor has also failed to establish that significant costly repairs are required to restore the Property to its original condition. According to the Court, that means that many of the most expensive repairs identified by Debtor are either not necessary at all or will cost far less than set forth in Debtor's estimates. Creditor's appraisal prepared by Jonathan K. Goldrich, values the Property at $950,000.00. Accordingly, it is not appropriate to reduce the Property's value by the cost of these unnecessary modifications, which means that the $950,000.00 valuation set forth in Mr. Goldrich's appraisal must be increased by $90,237.00. Making that adjustment yields a value of $1,040,237.00. The Court acknowledges the gap between the valuation date set forth in this Memorandum Decision and the likely date of plan confirmation. The Court does not anticipate that this gap is likely to pose a problem, as no evidence was introduced at the Evidentiary Hearing suggesting that a material change in the Property's value is likely to occur over the recent past or in the next several months. However, in connection with the future confirmation hearing, all rights are reserved for the parties to introduce evidence showing that circumstances occurring subsequent to the Evidentiary Hearing or subsequent to issuance of this Memorandum Decision have meaningfully affected the Property's value. A copy of the Court's Memorandum Decision dated April 20, 2026, is available at https://urlcurt.com/u?l=yQwK74 from PacerMonitor.com. Forrest Kent Balmain filed for Chapter 11 bankruptcy protection (Bankr. C.D. Cal. Case No. 25-14931) on June 12, 2025 listing under $1 million in both assets and liabilities. The Debtor is represented by Lawrence Fieselman, Esq. FORT DEFIANCE: Seeks Chapter 11 Bankruptcy in Arizona ----------------------------------------------------- On April 17, 2026, Fort Defiance Housing Corporation filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. Court records show the Debtor has between $10 million and $50 million in liabilities owed to 200–999 creditors. A meeting of creditors under Section 341(a) scheduled for May 26, 2026 at 10:30 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About Fort Defiance Housing Corporation Fort Defiance Housing Corporation is a housing services entity engaged in residential development and community housing management, supporting infrastructure and housing needs within its service area. Fort Defiance Housing Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03754) on April 17, 2026. The filing lists estimated assets of $100 million to $500 million and estimated liabilities of $10 million to $50 million. The case is overseen by Honorable Bankruptcy Judge Paul Sala. The Debtor is represented by Frederick J. Petersen, Esq. of Mesch, Clark & Rothschild, P.C. FRED SCHWALBE: UCC Public Sale Scheduled for May 29 --------------------------------------------------- In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, by virtue of certain Event(s) of Default under that certain Ownership Interests Pledge and Security Agreement dated as of March 31, 2025 (the "Lot 9048 Pledge Agreement") executed and delivered by THE FRED SCHWALBE FAMILY PARTNERSHIP ("Pledgor 1"), HILLARY SCHWALBE 2019 GRANTOR TRUST ("Pledgor 2"), OSJM, LLC ("Pledgor 3 "), Descendant's Trust F/B/O James Schwalbe E/U Peter Schwalbe 2016 Revocable Trust ("Pledgor 4"), Robert Schwalbe ("Pledgor 5"), JEREMY SCHWALBE ("Pledgor 6 "), and JAMES SCHWALBE ("Pledgor 7"; together with Pledgor 1, Pledgor 2, Pledgor 3, Pledgor 4, Pledgor 5, Pledgor 6, collectively, the "Lot 9048 Pledgors"), and that certain Ownership Interests Pledge and Security Agreement dated as of March 31, 2025 (the "Lot 48 Pledge Agreement"; together with Lot 9048 Pledge Agreement, collectively, "Pledge Agreements") executed and delivered by 390 MANAGER LLC ("Pledgor 8"), and ISAD CONSULTING L.L.C. ("Pledgor 9 "; together with Pledgor 8, collectively, the "Lot 48 Pledgors"; together with the Lot 9048 Pledgors, collectively, the "Pledgors"), FIFTH OFFICE LLC (the "Secured Party") will offer for sale at public auction all of Pledgors' rights, title, and interest in and to the following: (i) Lot 9048 Pledgors' 100% of the limited liability membership interests in 390 FIFTH AIR PARCEL LLC (the "Lot 9048 Issuer"), (ii) Lot 48 Pledgors' 100% of the limited liability membership interests in 390 FIFTH LLC (the "Lot 48 Issuer", together with Lot 9048 Issuer, collectively, the "Issuers"), (iii) all other collateral pledged pursuant to the Lot 9048 Pledge Agreement, and (iv) all other collateral pledged pursuant to the Lot 48 Pledge Agreement. The property described in items (i) and (iii) above shall be collectively referred to as "Lot 9048 Collateral". The property described in items (ii) and (iv) above shall be collectively referred to as "Lot 48 Collateral". Lot 9048 Collateral and Lot 48 Collateral shall hereinafter be collectively referred to as the "Collateral". Based upon information provided by Pledgors and their affiliates, Secured Party's understanding (made without any representation or warranty by Secured Party as to the accuracy or completeness of the following matters) is that: (i) Lot 9048 Pledgors own 100% of the limited liability company membership interests in the Lot 9048 Issuer; (ii) Lot 48 Pledgors own 100% of the limited liability company membership interests in the Lot 48 Issuer; (iii) the principal asset of the Lot 9048 Issuer is that certain fee interest in real property known as Block 837, Lot 9048 (the "Lot 9048"); (iv) the principal asset of the Lot 48 Issuer is that certain fee interest in real property known as 386-390 5th Avenue a/k/a 2-6 West 36th Street, New York, NY 10018 (Bk: 837, Lot: 48) ("Lot 48"; together with Lot 9048, collectively, the "Property"); and (v) the Property is encumbered and subject to, among other things, a first priority mortgage held by Issuers securing indebtedness in the original principal amount of $47,439,155.15. Mannion Auctions, LLC ("Mannion"), under the direction of Matthew D. Mannion (the "Auctioneer"), will conduct a public sale consisting of the Collateral on May 29, 2026 at 12:00 p.m. via Zoom, Meeting link: https://bit.ly/390FifthUCC (URL is case sensitive). The Collateral will be sold to the qualified bidder submitting the highest and best bid; provided, however, that Secured Party reserves the right to (i) for itself and any assignee, bid (whether by cash and/or by crediting some or all of its secured claim) and to become the purchaser at the sale, (ii) reject any and all bids that are not submitted in accordance with the Terms of Sale, (iii) in advance of the sale, cancel the sale in its entirety, (iv) adjourn the sale, and/or (v) enter a credit bid for the membership interests in bulk which shall be the winning bid if such bid is greater than the aggregate of the winning individual bids. The sale is being held to enforce Secured Party's rights in the Collateral which secures payment of outstanding indebtedness owing from Issuers to Secured Party, following Issuers' defaults under applicable loan documents. There shall be no warranty or representations relating to title, possession, quiet enjoyment, merchantability, fitness, or the like, in this disposition. The public sale of the Collateral shall be subject to the further terms and conditions set forth in the "Terms of Sale" (including without limitation terms and conditions with respect to the availability of additional information, bidding requirements, deposit amounts, bidding procedures, and the consummation of the public sale), which are available by contacting the broker for Secured Party, Brock Cannon, Head of National Sales, Newmark, 125 Park Avenue, New York, New York 10017, 646-315-4785, brock.cannon@nmrk.com (the "Broker"). Upon execution of a confidentiality and non-disclosure agreement, additional documentation and information will be made available. Parties interested in bidding must contact the Broker well in advance of the auction to receive the Terms of Sale, bidding instructions, and required deposit and registration information. Parties who do not qualify to bid prior to 4:00 p.m. New York time on May 27, 2026 and deliver a good faith deposit of $250,000.00 by 10:00 a.m. New York time on May 28, 2026 will forfeit their opportunity to register and may be barred from bidding. Only qualified bidders will be permitted to bid. All deposits must be paid via wire transfer. Persons interested in bidding should contact the Broker to obtain wire transfer instructions. Within 24 hours after the conclusion of the auction the successful bidder must deliver an additional deposit to the Secured Party such that the successful bidder has deposited an amount equal to 10% of the successful bid. The Collateral consists of membership interests in the Issuers and has not been and will not at the time of sale have been registered for sale under any Federal or State securities or blue sky laws, and as such may not be sold or otherwise transferred by a purchaser of any Collateral except in accordance with applicable law. As a result, each prospective bidder seeking to be a "Qualified Bidder" (as determined by Secured Party in its sole and absolute discretion) shall be required, among other things, to execute and deliver to Secured Party a "Bidding Certificate" certifying, among other things, that such bidder: (i) will acquire the Collateral for investment purposes, solely for its own account and not with a view to distribution or resale; (ii) is an accredited investor within the meaning of the applicable securities laws; (iii) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of investment and has sufficient financial means to afford the risk of investment in the Collateral; and (iv) will not resell or otherwise hypothecate the Collateral without either a valid registration under applicable federal or state laws, including without limitation the Securities Act of 1933 as amended, or an available exemption therefrom. SCHEDULE A: Pledged Interests (i) PLEDGOR: THE FRED SCHWALBE FAMILY PARTNERSHIP, a Delaware limited partnership. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 32.10% membership interest. The UCC1 was filed on April 7, 2025, with the Delaware Department of State under Filing No. #20252454806. (ii) PLEDGOR: ROBERT SCHWALBE, an individual. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 22.50% membership interest. The UCC1 was filed on April 8, 2025, with the Secretary of State of the State of New York under Filing No. #2025042080126547. (iii) PLEDGOR: DESCENDANT'S TRUST F/B/O JAMES SCHWALBE E/U PETER SCHWALBE 2016 REVOCABLE TRUST, a New York trust. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 17.85% membership interest. The UCC1 was filed on April 8, 2025, with the Secretary of State of the State of New York under Filing No. #2025042080126547. (iv) PLEDGOR: OSJM, LLC, a New Jersey limited liability company. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 10.00% membership interest. The UCC1 was filed on April 8, 2025, with the New Jersey Dept. of Treasury under Filing No. #57696371. (v) PLEDGOR: HILLARY SCHWALBE 2019 GRANTOR TRUST, a New Jersey trust. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 7.70% membership interest. The UCC1 was filed on April 8, 2025, with the New Jersey Dept. of Treasury under Filing No. #57696371. (vi) PLEDGOR: JEREMY SCHWALBE, an individual. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 5.00% membership interest. The UCC1 was filed on April 8, 2025, with the New Jersey Dept. of Treasury under Filing No. #57696371. (vii) PLEDGOR: JAMES SCHWALBE, an individual. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 4.85% membership interest. The UCC1 was filed on April 8, 2025, with the New Jersey Dept. of Treasury under Filing No. #57696371. (viii) PLEDGOR: 390 MANAGER LLC, a New York corporation. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 99.00% membership interest. The UCC1 was filed on April 8, 2025, with the Secretary of State of the State of New York under Filing No. #2025042080126535. (ix) PLEDGOR: ISAD CONSULTING L.L.C., a New Jersey limited liability company. ISSUER: 390 FIFTH AIR PARCEL LLC, a New York limited liability company. INTEREST PLEDGED: 1.00% membership interest. The UCC1 was filed on April 8, 2025, with the New Jersey Dept. of Treasury under Filing No. #57696362 FRIEDENBACH FAMILY: Employs Boos & Associates as Consultant ----------------------------------------------------------- Friedenbach Family Farms, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Aaron G. Chambers and his firm Boos & Associates, P.C. to serve as financial consultant and accountant. Mr. Chambers and the firm will provide these services: (a) preparation of farming budgets and projections, including budgets for use of cash collateral for properties, as well as plan projections; (b) review and analysis of Debtors' bookkeeping practices and advice regarding any changes needed; (c) analysis of financial and tax issues related to disposition of assets; (d) preparation of monthly operating reports; (e) preparation of tax returns and related communications with taxing authorities; and (f) other financial and accounting tasks, as requested by Debtors. Mr. Chambers' firm bills in 1/10th hour increments with hourly rates ranging from $395 to $495 for Director/Managing Director/Principal, $325 to $360 for Manager/Senior Manager, $175 to $295 for Associate/Senior Associate, and $75 for Associate Intern. Boos & Associates, P.C. will also be reimbursed for reasonable and necessary expenses, with payment subject to court approval. Boos & Associates, P.C. does not represent any interest adverse to the Debtor and 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: Aaron G. Chambers BOOS & ASSOCIATES, P.C. 5260 N Palm Ave, Suite 120 Fresno, CA 93704 Telephone: (559) 449-7688 About Friedenbach Family Farms LLC Friedenbach Family Farms, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-10638) on Feb 17, 2026, with $10 million to $50 million in both assets and liabilities. The petition was signed by Kurt Michael Friedenbach as manager. Judge Jennifer E. Niemann oversees the case. The Debtor is represented by: Peter A. Sauer, Esq. Fear Waddell, P.C. 7650 N. Palm Avenue Suite 101 Fresno CA 93711 Telephone: (559) 436-6575 Email: psauer@fearlaw.com FRIENDLY CHURCH: Commences Chapter 11 Bankruptcy in New York ------------------------------------------------------------ On April 17, 2026, The Friendly Church of the Apostolic Faith, Inc. filed for Chapter 11 protection in the Eastern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About The Friendly Church of the Apostolic Faith, Inc. The Friendly Church of the Apostolic Faith, Inc. is a religious organization that provides faith-based services, worship programs, and community outreach initiatives to its congregation. The Friendly Church of the Apostolic Faith, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41859) on April 17, 2026. In its petition, the Debtor reports estimated assets of $1MM–$10MM and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Jjais A. Forde, Esq. of Law Offices of Jjais A. Forde, PLLC. FTX TRADING: SBF Tells NY Court He Drafted New Trial Bid -------------------------------------------------------- Lauren Berg of Law360 reports that Sam Bankman-Fried, the imprisoned founder of FTX, informed a federal judge in New York that he authored his own motion for a new trial, though he acknowledged that his lawyer parents offered suggestions during the process. He maintained that the final submission was his own work. Despite filing the motion, Bankman-Fried is now seeking to withdraw it, explaining that he does not expect a fair evaluation of the request by the court. The move effectively halts his attempt to secure a new trial through that filing, the report states. The request highlights the challenges Bankman-Fried faces as he continues to pursue post-conviction relief. His withdrawal signals a strategic reconsideration, potentially leaving other legal avenues as his remaining options, according to Law360. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FULTON SCG: UCC Public Sale Scheduled for June 17 ------------------------------------------------- Newmark, on behalf of FULTON SCG II DEBT FUND, LLC, a Delaware limited liability company (the "Secured Party"), will offer for sale at public auction on June 17, 2026 at 12:00 p.m. EDT in connection with a Uniform Commercial Code sale, 100% of the limited liability company membership interests (the "Interests") in and to Fulton SCG Member LLC, a Delaware limited liability company (the "Issuer"), which Issuer Is the indirect owner of certain real properties comprised of certain commercial and residential condominium units in the Tangram development (collectively, the "Property"). The Interests are owned by Fulton SCG Development Mezz LLC, a Delaware limited liability company, having its principal place of business at 37-12 Prince Street, #PH2A, Flushing, New York (the "Debtor"). The sale will be conducted in-person in the offices of Kasowitz LLP, 1633 Broadway, New York, New York 10019, and also being broadcast for remote participation via virtual videoconference. The URL address and password for the online video conference will be provided to all confirmed participants that have properly registered pursuant to the Terms of Sale. Parties who do not satisfy the conditions to bid in accordance with the terms hereof and the Terms of Sale will forfeit their opportunity to register and may be banned from bidding. The Debtor has pledged and granted to the Secured Party a first priority lien on and security interest in the Interests pursuant to that certain First Priority Member Interest Pledge Agreement dated as of December 8, 2017. The Secured Party is offering the Interests for sale in connection with the foreclosure on the pledge of such Interests. The interests are being offered as a single lot, "as-is, where-is", with no express or implied warranties, representations, statements or conditions of any kind made by the Secured Party or any person acting for or on behalf of the Secured Party, without any recourse whatsoever to the Secured Party or any other person acting for or on behalf of the Secured Party and each bidder must make its own inquiry regarding the Interests. The winning bidder shall be responsible for the payment of all transfer taxes, stamp duties and similar taxes incurred in connection with the purchase of the Interests. The Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids (including without limitation any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by the Secured Party upon prospective bidders in connection with the sale or to whom in the Secured Party's sole judgment a sale may not lawfully be made) and/or terminate or adjourn the sale to another time, without further notice. The Secured Party further reserves the right to restrict prospective bidders to those who will represent that they are purchasing the Interests for their own account for investment not with a view to the distribution or resale of such Interests, to verify that each certificate for the Interests to be sold bears a legend substantially to the effect that such interests have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be disposed of in violation of the provisions of the Securities Act and to impose such other limitations or conditions in connection with the sale of the Interests as the Secured Party deems necessary or advisable, in its sole discretion, in order to comply with the Securities Act or any other applicable law or regulation. All bids (other than credit bids of the Secured Party) must be for cash. Further information concerning the Interests, a detailed description of the Property, the requirements for obtaining information and bidding on the interests and the Terms of Sale can be found at https://tinyurl.com/4tcns6dv. GARAGE RENTALS: Starts Chapter 7 Bankruptcy in New York ------------------------------------------------------- On April 21, 2026, The Garage Rentals, LLC 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 $1,000,000 in debt owed to 1–49 creditors. About The Garage Rentals, LLC The Garage Rentals, LLC is a limited liability company typically engaged in leasing or managing garage spaces, parking facilities, or related real estate assets. The Garage Rentals, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41904) on April 21, 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 Elizabeth S. Stong handles the case. The Debtor is represented by Robert M. Fox, Esq. GBI SERVICES: Plan Exclusivity Period Extended to July 20 --------------------------------------------------------- Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware extended GBI Services, LLC, and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 20 and Sept. 17, 2026, respectively. As shared by Troubled Company Reporter, the Debtors claim that they have been evaluating potential options to wind down their estates, including potential plan terms. However, because the outcome of the sale process remained uncertain, substantive discussions regarding the Debtors' path to exit chapter 11 have only recently begun in earnest. Accordingly, the Debtors believe the requested extension of the Exclusive Periods will provide the Debtors with time to determine the most efficient way to exit chapter 11, including, if appropriate, pursuant to a chapter 11 plan. The Debtors explain that these chapter 11 cases are large and complex due to, among other things, the magnitude of their liabilities, their operation of a business with multinational customers, and their involvement in significant litigation that began years before the Petition Date and has continued thereafter. As a result, the early stages of these cases were focused on addressing that litigation, ensuring a smooth transition into chapter 11, and conducting a comprehensive sale process. The Debtors assert that the Sale Transaction provides for the resolution and/or assumption of significant liabilities against the Debtors' estates and will also leave the Debtors with sufficient unencumbered cash to pursue an orderly wind down, which wind down may occur pursuant to a chapter 11 plan. Accordingly, the Debtors have demonstrated reasonable prospects for filing a viable chapter 11 plan. The Debtors further assert that this is their first request for an extension of the Exclusive Periods. Less than four months have elapsed since the Debtors' Petition Date, during which the Debtors have already made significant progress. Courts in this district, and other districts, routinely grant requests by debtors to extend their exclusive periods to file and solicit a chapter 11 plan. Counsel to the Debtors: Michael J. Merchant, Esq. Zachary I. Shapiro, Esq. James F. McCauley, Esq. Alexander R. Steiger, Esq. RICHARDS, LAYTON & FINGER, P.A. 920 North King Street Wilmington, DE 19801 Telephone: 302-651-7700 E-mail: merchant@rlf.com shapiro@rlf.com mccauley@rlf.com steiger@rlf.com - and - David J. Cohen, Esq. WEIL, GOTSHAL & MANGES LLP 1395 Brickell Avenue, Suite 1200 Miami, FL 33131 Telephone: (305) 577-3100 Email: davidj.cohen@weil.com - and - Ronit J. Berkovich, Esq. Daphne S. Papadatos, Esq. WEIL, GOTSHAL & MANGES LLP 767 Fifth Avenue New York, NY 10153 Telephone: (212) 310-8000 Email: ronit.berkovich@weil.com daphne.papadatos@weil.com About GBI Services/Nicklaus Companies GBI Services, LLC's affiliate Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. Nicklaus operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. GBI Services and its affiliates including Nicklaus sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12089) on November 21, 2025. In its petition, GBI Services, the lead debtor, reported estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. The petitions were signed by Philip D. Cotton as chief executive officer. Honorable Bankruptcy Judge Craig T. Goldblatt handles the cases. The Debtors are represented by the law firms of Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP. Alvarez & Marsal North America, LLC serves as financial and restructuring advisor while Cassel Salpeter & Co serves as investment banker. Epiq Corporate Restructuring, LLC is the claims and noticing agent. GEORGIADES BROTHERS: UCC Public Sale Scheduled for May 11 --------------------------------------------------------- In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York ("NYUCC"), Ellis Equities, LLC ("Secured Party"), a New York limited liability company, announced it will sell certain collateral, including without limitation, all Georgiades Brothers Realty LLC's ("Debtor") membership interest in 1043 Northern Blvd Realty LLC (the "Company") (with such membership interest defined as the "Membership Interests") to the highest qualified bidder at a public sale in accordance with the NYUCC. The sale will take place at 3:30 p.m. EDT on May 11, 2026, via Zoom, as well as in person at Schlam Stone & Dolan LLP, 26 Broadway, 19th Floor, New York, New York 10004, Attention: Joshua Wurtzel, Esq. Remote log-in credentials will be provided to registered bidders upon request. Secured Party's understanding, without making any representation, is that Debtor owns 33.33% of the membership interests of the Company, which is the fee owner of the property known as 1043 Northern Boulevard, Roslyn, New York 11576. The Membership Interests will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition of Collateral, dated March 5, 2026 (the "Notice of Disposition"); provided, however, that Secured Party reserves the right, in accordance with the NYUCC, to cancel the sale in its entirety or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Membership Interests will be sold as a block and will not be divided or sold in any lesser amounts. Interested parties that intend to bid on the Collateral should contact Secured Party's broker, Greg Corbin, at Northgate Real Estate Group, (212) 369-1800 or greg@northgatereg.com, to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by Secured Party's broker, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, will not be permitted to enter a bid. GOLDNER CAPITAL: Omega Loses Bid to File Claim After Bar Date ------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York denied Omega Healthcare Investors, Inc.'s motion to file a claim after the claims bar date in the bankruptcy case of Goldner Capital Management, LLC. On October 3, 2024, the Bankruptcy Court sua sponte issued an Order Establishing Deadlines for Filing Proofs of Claim setting a claim bar date in each of the GCM Debtors cases on December 16, 2024. On June 26, 2025, Omega filed a motion to file a claim after the claims bar date. Omega does not dispute that it is bound by the Bar Date. Rather, Omega requests relief pursuant to 9006(b)(1) of Federal Rule of Bankruptcy Procedure which provides "when an act is required or allowed to be done at or within a specified period by order of court, the court for cause shown may at any time in its discretion permit the act to be done where the failure to act was the result of excusable neglect." Omega argues that its failure to file a timely proof of claim is attributable to excusable neglect, in that Omega claims not to have known that it had a claims against GCM until it was ordered to amended its pleadings in an action pending in the Circuit Court of Cook County, Illinois ("Illinois Action") by order dated June 20, 2025. Omega initiated the Illinois Action on April 4, 2023, by filing a complaint against Apex Construction Management, LLC, Joshua Ray, and Sam Turk (collectively, the "Apex Defendants"). On December 15, 2023, Omega filed its First Amended Complaint ("FAC") against the Apex Defendants. On January 29, 2024, the Apex Defendants filed their motion to dismiss the FAC, through which the Apex Defendants sought the dismissal of Omega's claims and, alternatively, sought to have Samuel Goldner ("Goldner") added to the Illinois Action as a necessary party. Goldner is the Manager of each of the GCM Debtors and the GCM Debtors are in turn the distributing agents under each of their confirmed plans of reorganization. By order dated May 23, 2024, the Apex Defendants' motion to dismiss the FAC was granted with respect to certain claims brought by Omega, but the Illinois Court determined that Omega had sufficiently pled a cause of action for unjust enrichment, as well as a cause of action for accounting and a constructive trust. Further, the Illinois Court determined that Goldner was a necessary party to the Illinois Action. On June 21, 2024, Omega filed its Second Amended Complaint ("SAC") by which it added Goldner to the Illinois Action and brought claims directly against him. The substance of the SAC involves a series of agreements and obligations between Omega, the Apex Defendants and Goldner at eleven long-term care facilities ("LCFs") owned by Omega. In the SAC, Omega alleges that the Apex Defendants and Goldner engaged in a conspiracy to: (1) steal Omega funds that were disbursed for improvement projects at the LCFs; (2) submitted false pay applications, and (3) unjustly enriched themselves during the business relationship. By order dated June 20, 2025, the Illinois Court granted in part and denied in part each of Goldner's and the Apex Defendants' motions to dismiss the SAC. According to the Bankruptcy Court, Omega knew, or should have known, when it commenced the Illinois Action in 2023 that it might have claims against GCM, and certainly knew, or should have known, of such claims by mid-2024, while the motion practice concerning joining additional parties was on going. Both the Illinois State Court and the Federal District Court noted that GCM was a necessary party to the Illinois Action because it was a signatory to some of the agreements concerning work to be performed at the facilities which form the basis of Omega's claims in Illinois Action. Omega's claim that it could not have known it might have a claim against GCM prior to the Bar Date is simply not well founded. Omega was a counterparty to various executory contracts with GCM and others. Omega filed a pre-petition suit related to those agreements in which it claims tortious conduct occurred in furtherance of the obligations under those agreements. As such, Omega clearly is bound the Bar Date Order, and it has not demonstrated any basis for the Bankruptcy Court to find excusable neglect. Thus, Omega has failed to meet its burden of proving excusable neglect under Bankruptcy Rule 9006 as a matter of law. The Motion is denied in full. Omega may file its claim as a late filed claim. The amount of Omega's claim, if any, shall be determined in adversary proceeding number 8-25-08108-ast. A copy of the Court's Order dated April 10, 2026, is available at http://urlcurt.com/u?l=7dIo3xfrom PacerMonitor.com. About Goldner Capital Management, LLC Goldner Capital Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-73789) on October 2, 2024. In the petition filed by Samuel Goldner, as manager, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Alan S. Trust handles the case. The Debtor is represented by Gary F. Herbst, Esq. at LAMONICA HERBST & MANISCALCO, LLP. GREENWAY PLAZA: Interra Capital Buys Co. Out of Receivership ------------------------------------------------------------ Isaiah Mitchell of The Real Deal reports that Interra Capital Group has acquired Greenway Plaza, a large Houston office campus that had been under receivership following a major loan default. The transaction value was not disclosed, though the property last sold for $950 million in 2013. The 54-acre, 11-building complex spans nearly 4.9 million square feet and is located along Buffalo Speedway near I-69, strategically positioned between Downtown Houston and The Galleria. Built in 1973, the campus includes extensive tenant amenities such as dining, fitness, childcare, and retail services, the report states. The property was previously owned by a partnership involving major institutional investors before defaulting on a $465 million commercial mortgage-backed securities loan, leading to receivership in 2023. The court-appointed receiver later brought the asset to market in 2024 to pursue a sale, according to report. Interra called the campus one of the largest infill mixed-use office properties in the United States and appointed CBRE to oversee leasing. The acquisition comes during a gradual recovery in Houston's office market, even as older properties continue to face high vacancy pressures, the Real Deal reports. About Greenway Plaza Greenway Plaza was placed into receivership in 2024 after falling into financial distress tied to its commercial mortgage structure and weakening leasing performance. The court appointed a receiver to oversee management of the property. GREYSTONE LOGISTICS: Swings to $2.8MM Net Loss in Fiscal Q3 ----------------------------------------------------------- Greystone Logistics, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $2.8 million for the three months ended February 28, 2026, compared to a net income of $965,665 for the same period in the prior year. For the nine-month period ended February 28, 2026, the Company reported a net loss of $6 million, compared to a net income of $1.1 million in the corresponding prior-year period. Sales for the three months ended February 28, 2026 were $3.5 million, compared to $14.3 million in the prior-year period. Sales for the nine months ended February 28, 2026 decreased to $22 million from $39.9 million in the same period of the prior year. At February 28, 2026, the Company has an accumulated deficit of $(33.6 million) and cash and cash equivalents of $216,600. During fiscal year 2026, the Company lost a major customer. Based on historical sales to this customer, management expects a total loss of sales of approximately $30 million or 55%. The termination of this relationship may negatively impact the Company's financial condition and operating results. The Company continues to assess its customer concentration risk and is implementing strategic initiatives to broaden its customer base. In response, management plans to continue its efforts to expand the present market area and increase sales to its existing customers and seek new customer opportunities. Management also intends to continue to tighten control over all expenditures and an increased emphasis on inventory and production management. Management plans to make sales price adjustments in the future as necessary to correspond with current contribution margins. Management successfully negotiated with lenders to provide for interest‑only payments on certain debt obligations for the next 10 months as part of its liquidity management efforts. The revolving loan as well as the term loans are subject to certain financial covenants as well as cross default provisions. Greystone was not in compliance with certain financial covenants as of February 28, 2026. Therefore, all of the long term debt has been classified as current. Greystone and IBC are currently in negotiations to amend the Restated Loan Agreement, which includes curing the covenant violations. IBC has not exercised their rights to accelerate the maturity of the outstanding balance of the term loans. Management intends to renew the revolving loan at comparable terms and believes it is probable such renewal will be successful. Management believes that the successful execution of its business plan and debt modifications would alleviate the substantial doubt about the Company's ability to continue as a going concern. However, there can be no assurance that these plans will be successful. Because it is unclear whether the Company will be successful in accomplishing these objectives, there is uncertainty about the Company's circumstances, which creates substantial doubt about its ability to continue as a going concern. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/4ufur8mz About Greystone Logistics Greystone Logistics, Inc. is a manufacturing company that designs, manufactures, and sells high quality plastic pallets that provide logistical solutions needed by a wide range of industries such as the food and beverage, automotive, chemical, and pharmaceutical and consumer product industries. As of February 28, 2026, the Company had $38.9 million in total assets, $25.1 million in total liabilities, and $13.8 million in total stockholders' equity. HALSEY & HALSEY: John-Patrick Fritz Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 16 appointed John-Patrick Fritz as Subchapter V trustee for Halsey & Halsey, LLC. Mr. Fritz will be paid an hourly fee of $775 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. The compensation for his trustee administrators (Jason Klassi, Linda Riess and Connie Ray) is $300 per hour. Mr. Fritz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: John-Patrick M. Fritz Levene, Neale, Bender, Yoo & Golubchik, L.L.P. 2818 La Cienega Avenue Los Angeles, CA 90034 Telephone: (310) 229-1234 Facsimile: (310) 229-1244 About Halsey & Halsey LLC Halsey & Halsey LLC, a company based in Paso Robles, California, is classified under NAICS 237210 for land subdivision. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-10470) on April 6, 2026, with $1 million to $10 million in assets and liabilities. Ryan C. Halsey, member, signed the petition. Christopher E. Prince, Esq., at Lesnick Prince Pappas & Alverson, LLP represents the Debtor as legal counsel. HIGHLAND SPRINGS #2: Seeks Subchapter V Bankruptcy in California ---------------------------------------------------------------- On April 20, 2026, Highland Springs #2, LLC filed for Chapter 11 protection in the Central District of California bankruptcy court. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. About Highland Springs #2, LLC Highland Springs #2, LLC is a real estate holding and property management entity involved in the ownership and operation of commercial or residential assets. Highland Springs #2, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13050) on April 20, 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 Scott H. Yun handles the case. The Debtor is represented by Tamar Terzian, Esq. of Terzian Law Group, APC. HIGHLAND SPRINGS: Case Summary & One Unsecured Creditor ------------------------------------------------------- Debtor: Highland Springs #2, LLC 264 Highland Springs Ave., Bld. 4 Banning, CA 92220 Business Description: Highland Springs #2 is a single-asset real estate company that owns one income- producing property. Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-13050 Judge: Hon. Scott H Yun Debtor's Counsel: Tamar Terzian, Esq. TERZIAN LAW GROUP, APC 1122 East Garden Street Pasadena, CA 91106 Tel: (626) 826-1271 Email: tamar@terzlaw.com Estimated Assets: $0 to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Frederick J. Lloyd, M.D., as authorized representative. The Debtor listed the County of Riverside Tax Collector, located at 4080 Lemon St., 4th Floor, Riverside, CA 92501, as its only unsecured creditor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DUPQXVA/HIghland_Springs_2_LLC__cacbke-26-13050__0001.0.pdf?mcid=tGE4TAMA HOWARD'S APPLIANCES: Court OKs Appliance Inventory Sale at Auction ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California-Los Angeles Division has approved Howard's Appliances Inc. to conduct an auction or bulk sale of Property, free and clear of liens, claims, interests, and encumbrances. Howard’s has been an independent leader in retail appliance sales in Southern California for 79 years. During its long service to the Southern California community, Howard's has offered high-quality appliances, electronics and mattresses to the public at exceptional prices. In addition to serving as Southern California's leader in low-priced appliances, electronics and mattress, Howard’s numerous contributions to the local community has made it Southern California's largest and most trusted independent appliance retailer. Howard’s began moving its remaining inventory and assets from its retail stores to its warehouse in the City of Industry, California. The Debtor has vacated all of its retail space and rejected all of its commercial leases, except for its lease for the warehouse. The Debtor laid off nearly all of its employees and paid all accrued wages, benefits and other compensation due to its employees. The Debtor's assets include, but are not entirely compromised of the Assets. The estimated value of the Assets is approximately $3,250,000 to $3,500,000. The Debtor makes no representation regarding the validity, priority, and extent of the alleged liens, and all parties' rights with respect to the asserted liens are preserved and unimpaired by the Motion. The Debtor is authorized to conduct an auction of the Debtor's assets consisting of appliances and parts inventory as well as certain furniture, fixtures and equipment located at the Debtor's showrooms and warehouse and/or sell the Assets in bulk, free and clear of all liens, claims, and encumbrances. The deadline for secured creditors to submit a Credit Bid by sending an email to Debtor's counsel indicating an intent to credit bid the invoice price for specific Assets, the Assets to be purchased through such credit bid, and the amount of debt to be used/paid as part of the credit bid, or for original equipment manufacturers to agree to a Repurchase with the Debtor and any applicable secured creditor, shall be May 15, 2026, at 5:00 p.m. prevailing Pacific time. Any Assets subject to a Credit Bid or Repurchase submitted on or before the Deadline shall be excluded from the Auction and/or Bulk Sale. The Debtor is authorized to unilaterally exclude any Assets it designates from the Auction or any Bulk Sale by filing a "Notice of Excluded Assets" with the Court before the Auction is conducted or any Bulk Sale is consummated. All Assets that are not Excluded Assets shall be subject to the Auction and/or Bulk Sale, with secured creditors retaining the right to submit a Credit Bid at the Auction. The Debtor is authorized to use sale proceeds to pay the actual costs incurred in the conduct of the Auction and, if applicable, any Bulk Sale, including payment of the Consultant's fees and expenses. The Debtor shall retain the net proceeds received from the Consultant from the Proceeds Account until the Court enters further order on any motion or stipulation which authorizes the Debtor to disburse funds to third parties, including, but not limited to, secured creditors and the Landlord. 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. HYPERMIND CORP: 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 HyperMind Corp. 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 HyperMind Corp. HyperMind Corp., doing business as Paris Bakery, has operated since the mid-1980s, selling breads, pastries, and cafe items through retail locations in Monterey and Seaside while supplying restaurants, hotels, and coffee houses with wholesale baked goods. Founded by Jackie Jegat, who trained in France, the bakery was sold in 2024 to new owner Hector Capelo, who continues operations offering croissants, baguettes, specialty pastries, and espresso drinks. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50528) on April 1, 2026. In the petition signed by Hector Capelo, CEO, the Debtor disclosed $193,247 in total assets and $1,680,424 in total liabilities. Judge Stephen L. Johnson oversees the case. Arasto Farsad, Esq., at Farsad Law Office, P.C., represents the Debtor as bankruptcy counsel. IN DUE SEASON: Hires Ford & Semach P.A. as Legal Counsel -------------------------------------------------------- In Due Season LLC dba In Due Season Birth Center & Family Wellness seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Ford & Semach, P.A. to serve as its bankruptcy counsel in this Chapter 11 case. The firm will provide these services: (a) analyzing the financial situation and providing advice regarding whether to file a Chapter 11 petition; (b) advising the Debtor-in-Possession regarding its powers and duties in operating the business and managing estate property; (c) preparing and filing the petition, schedules of assets and liabilities, statement of financial affairs, and other required documents; (d) representing the Debtor at the Sec. 341 meeting of creditors; (e) providing legal advice regarding the Debtor's responsibilities as Debtor-in-Possession; (f) advising on compliance with U.S. Trustee Operating Guidelines and court rules; (g) preparing motions, pleadings, applications, and other legal papers and appearing at hearings; (h) protecting the Debtor's interests in all matters before the Court; (i) representing the Debtor in negotiations with creditors and in the preparation of a Chapter 11 plan; and (j) performing all other necessary legal services for the Debtor-in-Possession. The firm will be compensated on an hourly basis: $550 for Buddy D. Ford, $500 for Jonathan A. Semach, $450 for Heather M. Reel, and $150 for paralegal services, subject to periodic adjustment. The Debtor also agreed to reimburse actual and necessary expenses and paid a prepetition advance fee totaling $10,000, consisting of a $2,000 pre-filing retainer, $5,000 post-filing fee/cost retainer, and $3,000 cost retainer including filing fee. The firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and has no connection with the Debtor, creditors, or other parties in interest. The firm can be reached at: Buddy D. Ford, Esq. Jonathan A. Semach, Esq. Heather M. Reel, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Telephone: (813) 877-4669 E-mail: Buddy@tampaesq.com Jonathan@tampaesq.com Heather@tampaesq.com About In Due Season LLC In Due Season LLC dba In Due Season Birth Center & Family Wellness sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla., Case No. 8:26-bk-03193) on April 16, 2026. At the time of the filing, Debtor had estimated assets of between $500,001 to $1 million and liabilities of between $100,001 to $500,000. FORD & SEMACH, P.A. is Debtor's legal counsel. INDEPENDENCE REALTY: Loses Bid for Summary Judgment in Nexcel Case ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Western District of Tennessee denied Independence Realty & Investments, LLC's motion for summary judgment in the adversary proceeding captioned as Independence Realty & Investments, LLC, and Derrick Brown and Carla Brown, Plaintiffs/Counter-Defendants, v. Nexcel Properties, LLC, Defendant/Counter-Plaintiff, Adv. Proc. No. 24-00121 (Bankr. W.D. Tenn.). Plaintiff Independence Realty is a Mississippi limited liability company that owns real property in the state of Tennessee. Plaintiffs Derrick Brown and Carla Brown are members of Independence Realty and a related company, Performance Property Management, LLC. Defendant Nexcel is a Mississippi limited liability company with its principal place of business in Olive Branch, Mississippi. Laksh Nandrajog is a member of Nexcel and its manager. Before the Court is Plaintiff's Motion for Summary Judgment filed October 23, 2025, by Plaintiffs against Defendants/Counter-Plaintiffs Nexcel Properties, LLC and Laksh Nandrajog. By prior order, the Court has dismissed Laksh Nandrajog as a defendant. The motion asks the Court to grant summary judgment on his wrongful foreclosure claim. There are three plaintiffs and no wrongful foreclosure claim before this Court. The only cause of action before this Court is one to quiet title to two properties known as 4112 Summer Avenue and 883 Hale Road (collectively, the "Relevant Properties"). At the commencement of this case, title to the Relevant Properties was held by the Defendant Nexcel Properties, LLC ("Nexcel") as the result of the delivery and recording of two quitclaim deeds by Plaintiff Independent Realty & Investments, LLC to Nexcel. Nexcel made certain loans to Independence Realty in 2021 and 2022 that were secured by the Relevant Properties and guaranteed by the Browns. In addition to the deeds of trust held by Nexcel, as additional security, Independence Realty executed quitclaim deeds with respect to each of the Relevant Properties to be recorded only in the event of default under the respective deeds of trust. In connection with these transactions, Independence Realty executed two promissory notes. The quitclaim deed with respect to the Summer Avenue property was recorded January 1, 2023, and the quitclaim deed with respect to the Hale Road property was recorded November 17, 2023. Plaintiffs Independence Realty, Derrick Brown and Carla Brown filed a Complaint to Quiet Title for Breach of Contract and for Damages and for Injunctive Relief in in the Circuit Court of Shelby County, Tennessee for the Thirtieth Judicial District at Memphis on February 13, 2024. Nexcel filed an answer and counterclaim and Independence Realty filed a motion to amend its complaint before Independence Realty filed a voluntary petition under Subchapter V of Chapter 11 of the Bankruptcy Code on September 6, 2024 The Court remanded all but Count I of the complaint to the Circuit Court because Counts II through VI raise questions purely of state law. The Court retained the question of whether the Summer Avenue property and Hale Road properties are property of the bankruptcy estate, subject to whatever liens or encumbrances that existed prior to the filing of the bankruptcy petition. Plaintiffs essentially seek a declaration that the recording of the quitclaim deeds by Nexcel was improper because Independence Realty was not in default of payment of its notes to Nexcel when Nexcel recorded the quitclaim deeds. The Court concludes because the Plaintiffs have failed to show that Independence Realty held title to the Subject Properties at the time the petition in bankruptcy was filed, the action to quiet title must fail. Summary Judgment is denied to the Plaintiffs and granted for the Defendant. A copy of the Court's Corrected Order dated April 9, 2026, is available at http://urlcurt.com/u?l=HRpdYRfrom PacerMonitor.com. About Independence Realty & Investments Independence Realty & Investments, LLC, a company in Memphis, Tenn., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 24-24362) on September 6, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Derrick Brown, managing member, signed the petition. Toni Campbell Parker, Esq., at the Law Firm of Toni Campbell Parker represents the Debtor as bankruptcy counsel. INFINITY TIRE: Jerrett McConnell Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for Infinity Tire Supplies, LLC. Mr. McConnell 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. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About Infinity Tire Supplies LLC Infinity Tire Supplies, LLC operates a tire supply business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01533) on April 8, 2026. In the petition signed by Luis Narvaez, member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Jacob A. Brown oversees the case. Thomas Adam, Esq., at Adam Law Group, PA, represents the Debtor as bankruptcy counsel. INSPIRED HEALTHCARE: Asset Auction to Commence on June 24 --------------------------------------------------------- In re: INSPIRED HEALTHCARE CAPITAL HOLDINGS, LLC, et al., Debtors (Bankr. N.D. Tex. Lead Case No.26-90004 (MXM)), on February 2, Inspired Healthcare Capital Holdings, LLC and its affiliates, as debtors and debtors-in-possession (collectively, the "Debtors"), each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. Secs. 101-1532 (the "Bankruptcy Code") in the United States Bankruptcy Court for the Northern District of Texas (the "Court"). The Debtors are authorized to continue to operate their business and manage their properties as debtors-in-possession pursuant to sections 1107(a)and 1108 of the Bankruptcy Code. On February 6, 2026, the Debtors filed a motion (the “Bid Procedures Motion"), pursuant to sections 105, 363 and 365 of the Bankruptcy Code and Rules 2002, 6004, 6006, 9007, and 9008 of the Federal Rules of Bankruptcy Procedure ("Bankruptcy Rules"), seeking entry of an order approving, among other things, the procedures (the "Bid Procedures") to be used in connection with one or more sales of all or substantially all of the Debtors' assets (the "Assets"). On April 13, 2026, the Court entered an order approving the Bid Procedures Motion (the "Bid Procedures Order"). Pursuant to the Bid Procedures Order, if at least two (2) Qualified Bids with regard to a sale of any of the Assets are received by the applicable Bid Deadline, the Debtors will conduct one or more Auctions, which shall start on (i) June 24, 2026, at 10:00 a.m. (prevailing Central Time) for the Assets. The Sale Hearing(s) to consider approval of the Transaction(s), as applicable, to the Successful Bidder(s) at the Auction(s) will be held before the Court on June 30, 2026, at 9:30 a.m., (prevailing Central Time). Objections related to approval of the sale(s), conduct at the Auction(s), the identity of the Successful Bidder(s), and adequate assurance of future performance by the Successful Bidder(s) must be in writing, state the basis of such objection with specificity, and be filed with this Court and served so as to be received on or before June 26, 2026, at 4:00 p.m. (prevailing Central Time) by the following parties (collectively, the "Objection Notice Parties"): (a) counsel to the Debtor, McDermott Will & Schulte LLP, 2501 North Harwood Street, Suite 1900, Dallas, IX 75201 (Attn: Marcus A. Helt mhelt@mcdermottlaw.com) and Jack G. Haake (jhaake@mcdermottlaw.com)), and 1180 Peachtree St NE, 3350, Atlanta, GA 30309 (Attn: Daniel M. Simon (dsimon@mcdermottlaw.com)), 444 West Lake Street, Suite 4000, Chicago Illinois 60606, (Attn: Carmen Dingman (cdingman@mcdermottlaw.com)); and (b) the Office of the United States Trustee for Region 6, Office of The United States Trustee Earle Cabell Federal Building 1100 Commerce Street, Room 976, Dallas, TX 75242, (Attn: Susan Hersh (Susan.Hersh@usdoj.gov); and (c) counsel to the Official Committee of Unsecured Creditors, if any. CONSEQUENCES OF FAILING TO TIMELY MAKE AN OBJECTION. ANY PARTY OR ENTITY WHO FAILS TO TIMELY MAKE AN OBJECTION TO THE SALE OR TRANSACTION, AS APPLICABLE, ON OR BEFORE THE SALE OBJECTION DEADLINE OR THE POST-AUCTION DEADLINE, AS APPLICABLE, IN ACCORDANCE WITH THE BID PROCESURES ORDER SHALL BE FOREVER BARRED FROM ASSERTING ANY OBJECTION TO THE SALE OR TRANSACTION, INCLUDING WITH RESPECT TO THE TRANSFER OF THE APPLICABLE DEBTORS' ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES, AND OTHER INTERESTS, EXCEPT AS MAY BE SET FORTH IN THE APPLICABLE AGREEMENT. About Inspired Healthcare Capital Holdings LLC Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements, while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc., as an investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. On Feb. 25, 2026, the Office of the United States Trustee for the Northern District of Texas appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Greenberg Traurig, LLP as counsel and Berkeley Research Group, LLC as financial advisor. INSPIRED HEALTHCARE: U.S. Trustee Appoints Susan Goodman as PCO --------------------------------------------------------------- Lisa L. Lambert, the U.S. Trustee for Region 6, appointed Susan Goodman of Pivot Health Law, LLC as patient care ombudsman at senior living facilities operated by Inspired Healthcare Capital Holdings, LLC and affiliates. To the best of the United States Trustee's knowledge and based on the verified statement she has provided, Ms. Goodman has no connections with Inspired Healthcare, creditors and other parties-in-interest in the bankruptcy case. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com About Inspired Healthcare Capital Holdings LLC Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements, while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc., as an investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. INSPIRED HEALTHCARE: U.S. Trustee Appoints Terri Cantrell as PCO ---------------------------------------------------------------- Lisa L. Lambert, the U.S. Trustee for Region 6, appointed Terri Cantrell as patient care ombudsman at Florida senior living facilities operated by Inspired Healthcare Capital Holdings, LLC and affiliates. To the best of the United States Trustee's knowledge and based on the verified statement she has provided, Ms. Cantrell has no connections with Inspired Healthcare, creditors and other parties-in-interest in the bankruptcy case. The ombudsman may be reached at: Terri Cantrell Long-Term Care Ombudsman Program Florida Department of Elder Affairs 4040 Esplanade Way Tallahassee, Florida 32399 (850) 414-2331 Email: cantrellt@elderaffairs.org About Inspired Healthcare Capital Holdings LLC Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements, while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc., as an investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. INSPIRED HEALTHCARE: UST Appoints Laurie Facciarossa Brewer as PCO ------------------------------------------------------------------ Lisa L. Lambert, the U.S. Trustee for Region 6, appointed Laurie Facciarossa Brewer as patient care ombudsman at senior living facilities operated by Inspired Healthcare Capital Holdings, LLC and affiliates. To the best of the United States Trustee's knowledge and based on the verified statement she has provided, Ms. Brewer has no connections with Inspired Healthcare, creditors and other parties-in-interest in the bankruptcy case. The ombudsman may be reached at: Laurie Facciarossa Brewer NJ Long-Term Care Ombudsman Office of the State Long-Term Care Ombudsman PO Box 852 Trenton, NJ 08625 1-877-582-6995 Email: Laurie.Brewer@ltco.nj.gov About Inspired Healthcare Capital Holdings LLC Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements, while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc., as an investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. INTEGRATED ENDOSCOPY: Seeks $1MM DIP Loan from Insider Lenders -------------------------------------------------------------- Integrated Endoscopy, Inc. asks the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, for authority to use cash collateral and obtain post-petition financing to fund its ongoing operations from May 1 through July 31. The Debtor requests authorization for a $1 million short-term loan, approval to grant a security interest in substantially all of its assets (including intellectual property, inventory, receivables, and deposit accounts), permission to distribute and use the loan proceeds, and approval of a stipulation governing the use of cash collateral. The Debtor explains that the financing is essential to maintain operations, preserve value, and support its restructuring efforts while it continues to develop and commercialize its medical device technologies, particularly its disposable endoscopes and wireless surgical camera systems. The Debtor describes a complex financial and operational history leading to the bankruptcy filing on July 31, 2025, including significant funding from private investors exceeding $30 million and a major secured lending relationship with Research Corporation Technologies, Inc., which claims a secured debt of approximately $9 million. The Debtor disputes RCT's claim and has opposed RCT's efforts to foreclose on its assets, which include all intellectual property central to the business. Additional secured claims include a former intellectual property law firm, the Debtor's CEO (who loaned funds post-petition), and storage-related claims tied to inventory held at a third-party warehouse. The Debtor also reports unsecured liabilities of approximately $6.5 million. The Debtor has relied on debtor-in-possession financing throughout the case. The court has previously approved three rounds of interim financing and cash collateral usage, enabling continued operations during the bankruptcy. The current request represents a continuation of that financing structure, with the proposed loan provided by insider lenders David Chou and Quartus AI Fund, LP on terms similar to prior financing. The Debtor argues that these insider lenders have provided critical support, offer favorable terms compared to market alternatives, and are willing to subordinate their liens to existing secured creditors. Operationally, the Debtor emphasizes recent positive developments, particularly obtaining FDA 510(k) clearance for its Gen II wireless camera in November 2025. This approval is presented as a major milestone expected to significantly expand U.S. sales and improve profitability. The Debtor reports ongoing international sales, cost reductions, renewed distributor relationships, and active commercialization efforts across multiple surgical markets. It also notes plans to launch additional products, including a disposable cannula expected by mid-2026, and anticipates increased revenue through both domestic and international distribution channels. The Debtor also highlights ongoing restructuring efforts, including an examiner-appointed investigation into prepetition events, disputes involving RCT, and the conduct of the former CEO. A mediation with RCT is anticipated in July 2026, and the Debtor asserts that resolution of these disputes is important to the restructuring process. Additionally, the Debtor is in the process of obtaining an independent valuation of its intellectual property, which it views as its most valuable asset, with estimated value exceeding $20 million and expected to increase following FDA approval. Finally, the Debtor argues that the requested financing and cash collateral usage are necessary to avoid interruption of operations, prevent liquidation or conversion of the case, preserve jobs, and maximize value for creditors. It contends that without continued funding, it would be unable to meet operating expenses or implement its reorganization strategy. The proposed financing includes standard protections such as an interest rate of 10%, a 12-month maximum term (or earlier termination upon plan confirmation or case conversion/dismissal), a senior security interest structure subject to existing liens, and a carve-out for administrative and professional expenses. A hearing on the matter is set for May 6, at 1:30 p.m. A copy of the motion is available at https://urlcurt.com/u?l=Qb58AZ from PacerMonitor.com. About Integrated Endoscopy Inc. Integrated Endoscopy Inc. develops wireless arthroscopic and single-use rigid endoscope technology for surgical applications. Headquartered in Irvine, California, the privately held Company was founded in 1996 following its acquisition of Micro Optics Development Engineering Labs' optical design assets and markets its Nuvis Single-Use Arthroscope with plans to extend into additional procedure-specific endoscopes. Its intellectual property portfolio includes 19 issued patents across the U.S., Europe, Japan, Australia, and Canada covering lens systems, LED lighting, and molded glass optics. Integrated Endoscopy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-12121) on July 31, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Vanessa H. Haberbush, at Haberbush, LLP. Quartus AI Fund, LP, as DIP lender, can be reached through: Afzal M. Tarar Quartus Capital Partners 135 West 41st Street, 5th Floor New York, NY 10036 +1-212-634-7173 info@quartuscap.com INTERNATIONAL POLICE: Seeks Chapter 11 Amid Sex Assault Appeal -------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that the International Union of Police Associations AFL-CIO filed for bankruptcy protection to continue operating as it appeals a $2.25 million judgment tied to allegations of workplace sexual assault involving a Broward County employee. The union said the filing is critical to sustaining its activities. The Sarasota, Florida-based organization told the US Bankruptcy Court for the Middle District of Florida that it could not effectively serve its members without seeking Chapter 11 protection. The filing was made last week and disclosed in court papers on Monday. The underlying judgment was entered last month in Florida state court following a jury verdict in 2025 that found the union liable for sexual harassment and negligence claims related to the incident, the report states. The union intends to appeal the ruling while restructuring its finances through the bankruptcy process. Chapter 11 will allow it to continue operations while addressing the financial impact of the judgment, according to Bloomberg. About the International Union of Police Associations The International Union of Police Associations (IUPA) AFL-CIO is a labor organization representing law enforcement officers, corrections personnel, and emergency service workers across North America. Affiliated with the AFL-CIO, it is the only union within the federation focused exclusively on law enforcement professionals. International Union of Police Associations sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03159) on April 16, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Kathleen DiSanto Bush Ross, P.A. JACKSON WALKER: Faces Another Bankruptcy Scandal Lawsuit -------------------------------------------------------- Michelle Casady of The Texas Lawbook reports that 13 shareholders of Sorrento Therapeutics have sued Jackson Walker, claiming the firm steered the company's bankruptcy case to the Southern District of Texas to enrich itself while disadvantaging investors. The lawsuit challenges the legitimacy of the filing venue and the motives behind it. The claims are tied to a high-profile scandal involving former Jackson Walker attorney Elizabeth Freeman and ex-bankruptcy judge David Jones, whose undisclosed relationship led to widespread scrutiny and Jones' resignation, the report states. Filed in the Southern District of California, the lawsuit alleges the bankruptcy proceedings were “fraudulent” and asserts the case would not have been brought in Texas without the alleged improper conduct. Shareholders argue the decision caused financial harm and undermined the integrity of the process, according to report. About Jackson Walker LLP Jackson Walker LLP is a law firm. The Firm's practice areas include aviation, antitrust, bankruptcy, energy, environmental, entertainment, health care, immigration, insurance, intellectual property, international, labor and employment, real estate, and tax law. JAGUAR LOGISTICS: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------ Jaguar Logistics, LLC asks the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, for authority to use cash collateral and provide adequate protection. The Debtor intends to use its cash collateral to fund ordinary operating expenses such as payroll, fuel, insurance, truck maintenance, rent, and administrative costs in accordance with its budget projecting approximately $43,664 in monthly expenses against $66,000 in income, leaving projected net cash flow of about $22,335. The Debtor requests flexibility to vary budget line items by up to 15%. All revenues constitute cash collateral under 11 U.S.C. section 363(a), requiring either creditor consent or court authorization for use. The Debtor's secured debt structure includes an SBA EIDL loan of approximately $423,500 secured by a blanket lien on substantially all assets, including accounts, deposit accounts, and proceeds, with the loan personally guaranteed by the owner. Additional asserted secured interests include filings by First Corporate Solutions, potentially on behalf of another lender, claiming liens on all assets and freight receivables, and GMC Financial, which holds a likely purchase-money security interest in one of the trucks with a small remaining balance. As adequate protection, the Debtor proposes to grant replacement liens on post-petition assets of the same type and priority as pre-petition collateral, excluding avoidance action recoveries. Jaguar Logistics operates four box trucks providing USPS mail and package delivery services, which constitute its sole source of revenue -- approximately $66,000 per month deposited via ACH into its operating account. The Debtor, owned and managed by Kionna Clark, relies entirely on this monthly payment to cover payroll for five employees, fuel, maintenance, insurance, and other essential operating expenses. The Debtor's Chapter 11 case was precipitated when it defaulted on its SBA Economic Injury Disaster Loan, leading the U.S. Treasury to intercept 100% of its USPS contract payments through the Treasury Offset Program. This sudden loss of operating revenue caused a severe liquidity crisis, including an inability to reimburse payroll advances made by ADP and a resulting emergency filing on April 11, with only approximately $2,359 remaining in its operating account. A court hearing is scheduled for April 28. A copy of the motion is available at https://urlcurt.com/u?l=uBno9J from PacerMonitor.com. About Jaguar Logistics LLC Jaguar Logistics, LLC operates four box trucks providing USPS mail and package delivery services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54911-sms) on April 11, 2026. In the petition signed by Kionna Clark, president, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Sage M. Sigler oversees the case. Brad Fallon, Esq., at Fallon Law PC, represents the Debtor as legal counsel. JMKA LLC: Court Extends Cash Collateral Access to May 15 -------------------------------------------------------- JMKA, LLC received a one-month extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral to fund operations. The 17th interim order, signed by Judge David Cleary, extended the Debtor's authority to use its secured lenders' cash collateral from April 15 to May 15 to pay the expenses set forth in its budget, subject to a 5% variance. The lenders include the U.S. Small Business Administration, BayFirst National Bank, Funding Circle, Transportation Alliance Bank, Cashfloit LLC, and Funders App, LLC. These lenders assert security interests in all assets of the Debtor, including cash, bank deposits and accounts receivable, which constitute their cash collateral. The Debtor was ordered to provide the secured lenders with protection in the form of replacement liens on its assets, with the same priority, validity and extent as their pre-bankruptcy liens. In addition, the Debtor was ordered to pay $439 to SBA, $1,000 to BayFirst Financial, $500 to Funding Circle, $500 to Transportation Alliance Bank, $3,000 to Cashfloit, and $2,000 to Funders App, $800 to Ameris Bank d/b/a Balboa Capital. The next hearing is set for May 13. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/26p7k29r from PacerMonitor.com. About JMKA LLC JMKA, LLC is a boutique childcare center in downtown Elmhurst, Ill. It operates as Elmhurst Premier Childcare. JMKA filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-00036) on January 3, 2025, with up to $50,000 in assets and up to $10 million in liabilities. Judge David D. Cleary oversees the case. Ben L. Schneider, Esq., at The Law Offices of Schneider & Stone is the Debtor's bankruptcy counsel. Ameris Bank, as secured lender, is represented by: Jillian S. Cole, Esq. Taft Stettinius & Hollister, LLP 111 E. Wacker Drive, Suite 2600 Chicago, IL 60601 (312) 836-4019 jcole@taftlaw.com Cashfloit LLC, as secured lender, is represented by: Fred S. Kantrow, Esq. The Kantrow Law Group, PLLC 732 Smithtown Bypass, Suite 101 Smithtown, NY 11787 (516)703-3672 fkantrow@thekantrowlawgroup.com JOHN FITZGIBBON MEMORIAL: To Sell Hospital Biz to Strawberry Fields ------------------------------------------------------------------- John Fitzgibbon Memorial Hospital, Inc. and its affiliate, Fitzgibbon Health Services, seek permission from the U.S. Bankruptcy Court for the Western District of Missouri, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Hospital owns and operates a rural healthcare system centered around its 60-bed acute care facility, which provides a range of inpatient and outpatient medical services, including surgery, obstetrics, emergency care, imaging, therapy services, laboratory services, pharmacy, and oncology, along with specialty outpatient clinics for orthopedics, pain management, and wound care. Adjacent to the acute care facility, the Hospital owns, and Fitzgibbon Services operates, a 99 bed, Medicare and Medicaid certified skilled nursing and memory care facility, The Living Center, which offers post-acute and long-term care services integrated with the Hospital’s resources and services. In addition, the Hospital's campus includes wellness and medical office facilities providing cardiac rehabilitation, internal medicine, family medicine primary care, outpatient mental health, and leased physician and dental office space. Beyond its main campus, the Hospital operates two off-site rural health care clinics in Pilot Grove and Slater, Missouri, which provide community-based primary and family healthcare, preventative care, chronic disease management, diagnostic services, and laboratory specimen collection to support the healthcare needs of the surrounding rural communities. In 2024, the Hospital engaged Juniper Advisory, LLC to run a sale and marketing process to identify a strategic operations or financial partner. That process did not yield an acceptable option to the Debtors' board of trustees. The Debtors re-engaged Juniper to market and sell substantially all the Debtors' assets on January 22, 2026, with a focus on the Acute Care Facility. The Debtors engaged Healthcare Transactions Group, Inc. to market and sell TLC on February 18, 2026. The Debtors' process was designed to be fair, competitive, and non-discriminatory, ensuring that all bidders had equal access to diligence materials and the Debtors' management team. All interested parties were provided with a uniform and transparent opportunity to participate in the process. The Debtors are operating under severe liquidity constraints that materially limit their ability to continue operations absent immediate relief and an expedited closing. The Debtors' cash position has deteriorated to the point where they lack sufficient runway to sustain a postpetition marketing or auction process without jeopardizing patient care, employee retention, and the value of the business as a going concern. The Proposed Purchaser, Strawberry Fields REIT, will acquire most operating assets—including certain real property, equipment, and receivables—free and clear of liabilities, while assuming specified obligations. The purchase price is approximately $8.6 million, with $1 million held back in escrow to secure the potential occurrence of specified post-closing claims, if any. The Debtors retain certain excluded assets and liabilities. The transaction is subject to customary conditions, including entry of a sale order, regulatory approvals, and the absence of a material adverse change, and is structured as an "as-is, where-is" sale. The Debtors have determined that a sale of the Assets to the Proposed Purchaser is the best way to maximize the value of the Assets under the circumstances. The Debtors believe that proceeding with the proposed transaction pursuant to the APA on an expedited basis is in the best interests of the estates, creditors, patients, employees, and the communities the Debtors serve. The integrity of the sale process is further demonstrated by the absence of any collusion, bid manipulation, or conduct designed to chill bidding. The Debtors submit that the Proposed Purchaser has the necessary financial wherewithal and experience to establish adequate assurance of future performance for the Proposed Assumed Contracts. About John Fitzgibbon Memorial Hospital, Inc. John Fitzgibbon Memorial Hospital, Inc. is a Marshall, Missouri-based health care system centered on a 60-bed acute care hospital. It provides inpatient and outpatient services including surgery, obstetrics, emergency care, imaging, therapy, laboratory, pharmacy and oncology, and operates specialty outpatient clinics for orthopedics, pain management and wound care. The system also includes The Living Center, a 99-bed skilled nursing and memory care facility operated by Fitzgibbon Health Services, along with rural health care clinics in Pilot Grove and Slater, Missouri. John Fitzgibbon Memorial Hospital and its affiliate, Fitzgibbon Health Services, sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-40689, Bankr. W.D.Mo.) on April 21, 2026. In the petition signed by Angela P. Littrell as president and CEO, the Debtor disclosed estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Judge Cynthia A. Norton presides over the case. Debtors' General Bankruptcy Counsel is Zachary R.G. Fairlie, Esq., at SPENCER FANE LLP, in Kansas City, Missouri; and Lindsay Doman, Esq., at SPENCER FANE LLP, in Minneapolis, Minnessotta. Debtors' Financial Advisor is HURON CONSULTING GROUP. Debtors' Investment Banker is JUNIPER ADVISORY. Debtors' Investment Banker is HEALTHCARE TRANSACTION GROUP. Debtors' Claims, Noticing & Solicitation Agent is EPIQ CORPORATE RESTRUCTURING SERVICES, LLC. JW COLE INVESTMENTS: Voluntary Chapter 11 Case Summary ------------------------------------------------------ Debtor: JW Cole Investments, LLC d/b/a Ascension Crematory d/b/a Sullivan Funeral Care d/b/a Cole Funeral Home & Crematory, LLC 111 W. Wilber Mills Avenue Kensett, AR 72082 Business Description: JW Cole Investments, LLC, based in Kensett, Arkansas, provides funeral home and crematory services under the names Ascension Crematory, Sullivan Funeral Care, and Cole Funeral Home & Crematory, LLC. The company offers burial and cremation services, immediate-need arrangements, and veteran services. It serves families in White County and surrounding areas. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Eastern District of Arkansas Case No.: 26-11591 Judge: Hon. Bianca M Rucker Debtor's Counsel: Vanessa Cash Adams, Esq. LAW OFFICE OF VANESSA CASH ADAMS INC 111 Center Street, Suite 1200 Little Rock, AR 72201 Tel: (501) 940-4332 Email: vanessa@vanessacash.org Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by James Wesley Cole as member. The Debtor has confirmed in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UP3DGFQ/JW_Cole_Investments_LLC__arebke-26-11591__0001.0.pdf?mcid=tGE4TAMA KAISA GROUP: Chapter 15 Recognition Hearing Scheduled for May 19 ---------------------------------------------------------------- Mr. Tam Lai Ling, in his capacity as the authorized foreign representative for Kaisa Group Holdings Ltd. and for Rui Jing Investment Company Limited with respect to restructuring proceedings entitled: (i) in the Matter of Kaisa Group Holdings Ltd. (Case Number RCMP 1705/2024) and (ii) in the Matter of Rui Jing Investment Company Limited (Case Number HCMP 1706/2024), has fled voluntary petitions for relief under chapter 15 of title 11 of the United States Code with the United States Bankruptcy Court for the Southern District of New York, Case No 26-10818. Copies of the Recognition Motion and all other documents filed n the cases can be accessed from the Court's website, http://ecf.nysb.uscourts.gov(a PACER login and password are required to retrieve documents) or free of charge by visiting the Debtors' noticing and information agent Kroll's website at https://restructuring.ra.kroll.com/Kaisa/. Among other things, the Recognition Motion requests entry of an order recognizing each of the Hong Kong Proceedings as a foreign main proceeding or, in the alternative, a foreign nonmain proceeding pursuant to section 1517 of the Bankruptcy Code, granting related relief pursuant to section 1520 of the Bankruptcy Code, and granting certain additional relief pursuant to sections 1507 and 1521 of the Bankruptcy Code, including injunctive relief. The Court has scheduled a hearing to consider the relief requested in the Recognition Motion at 9:30 a.m. (prevailing Eastern Time) on May 19, 2026. The Recognition Hearing will be held before the Honorable John P. Mastando II of the United States Bankruptcy Court for the Southern District of New York. The Recognition Hearing will be an evidentiary hearing at which witnesses ay testify. Information regarding the Court's Zoom and hearing procedures can be found on the Court's website. Any objection to the Recognition Motion must be made in accordance with the Bankruptcy Code, the Local Rules of the United States Bankruptcy Court for the Southern District of New York, and the Federal Rules of Bankruptcy Procedure, in a writing that sets forth the basis for such objection with specificity and the nature and extent of the respondent's claims against the Debtors. Any such objection must be filed electronically with the Court on the Court's electronic case filling system in accordance with and as provided in General Order M-399 (a copy of which may be viewed on the Court's website at wwwnysb.uscourts.gov) and the Court's Procedures for the Filing, Signing and Verification of Documents by Electronic Means, and served upon the Foreign Representative's counsel, Sidley Austin LLP, 787 Seventh Avenue, New York, New York 10019 (Attn: Anthony Grossi), so as to be received by 5:00 p.m. (prevailing Eastern Time on May 5, 2026, with a courtesy copy served upon the Chambers of the Honorable John P. Mastando II, United States Bankruptcy Judge, United States Bankruptcy Court for the Southern District of New York, One Bowling Green, New York, New York 10004-1408. Any party in interest objecting to the Recognition Motion or the relief requested therein must appear electronically or in person at the Recognition Hearing (unless ordered otherwise by the Court). The Recognition Hearing may be adjourned from time to time without further notice other than an announcement in open court or a notice of adjournment filed with the Court. If no objection is timely and served as provided above, the Court may grant the relief requested in the Recognition Motion without a hearing or further notice. About Kaisa Group Holdings Ltd. Kaisa Group is a Hong Kong investment firm. Kaisa Group sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10818) on April 10, 2026. Bankruptcy Judge John P. Mastando III oversees the Chapter 15 case. Sidley Austin LLP represents the Debtor in the Chapter 15 case. KOKOMO RESTAURANT: Salvatore LaMonica Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Region 2 appointed Salvatore LaMonica, Esq., at LaMonica Herbst & Maniscalco, LLP, as Subchapter V trustee for Kokomo Restaurant, LLC. Mr. LaMonica will be paid an hourly fee of $725 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. LaMonica declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Salvatore LaMonica, Esq. LaMonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Phone: (516) 826-6500 Email: sl@lhmlawfirm.com About Kokomo Restaurant LLC Kokomo Restaurant, LLC, a company 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41685) on April 8, 2026, with $119,995 in assets and $1,811,093 in liabilities. Ria McKenzie, managing member, signed the petition. Judge Jil Mazer-Marino presides over the case. Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP represents the Debtor as legal counsel. KROSKOB BROS: Case Summary & 13 Unsecured Creditors --------------------------------------------------- Debtor: Kroskob Bros Farms & Trucking, Inc. 5421 County Road 25 Merino, CO 80741 Business Description: Kroskob Bros Farms & Trucking, Inc., based in Merino, Colorado, operates an agricultural business focused on hay and crop production along with trucking services supporting farm logistics. The company manages cultivation and transportation of agricultural products through its farm and trucking operations. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-12777 Judge: Hon. Thomas B Mcnamara Debtor's Counsel: Jeffrey A. Weinman, esq. MICHAEL BEST & FRIEDRICH 675 15th Street, Ste. 2000 Denver, CO 80202 Email: jeffrey.weinman@michaelbest.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Brandon Kroskob as president. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/P7BQURI/Kroskob_Bros_Farms__Trucking__cobke-26-12777__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 13 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. American Ag Credit $18,000,000 4505 W. 29th St Greeley, CO 80634 2. CH Brown $86,000 20 W. Frontage Rd. Wheatland, WY 82201 3. CHS $120,000 101 S Detroit Ave Yuma, CO 80759 4. Diesel Supply $80,850 24203 US Hwy 385 Holyoke, CO 80734 5. H&R Tire $591 420 E Chestnut St Sterling, CO 80751 6. Inland Truck Parts $5,372 3820 S. Newberry Access Road North Platte, NE 69101 7. Mountain Valley Bank $10,431,629 4601 W 20th Greeley, CO 80634 8. MZR Tire $4,401 117 N Iris Ave Haxtun, CO 80731 9. Ready Dig $24,000 21323 I-76 Frontage Road Hudson, CO 80642 10. S&W Auto $23,482 PO Box 517 Ellinwood, KS 67526-0517 11. Sterling Fuels $15,142 213 E. Chestnut St Sterling, CO 80751 12. Stubs $27,100 PO Box 580 Wiggins, CO 80654 13. Translease $252,250 1400 W 62nd Ave. Denver, CO 80221 LAREDO OIL: Reports Net Loss of $1.22MM in Fiscal Q3 ---------------------------------------------------- Laredo Oil, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $1,219,781 for the three months ended February 28, 2026, compared to a net loss of $415,751 for the same period in the prior year. For the six-month period ended February 28, 2026, the Company reported a net loss of $5,482,969, compared to a net loss of $1,700,723 in the corresponding prior-year period. Revenues remained minimal during the reporting periods, with $0 recorded for the three months ended February 28, 2026, compared to $1,735 in the prior-year quarter. For the nine months ended February 28, 2026, revenues declined to $3,141 from $9,423 in the same period of the prior year. The Company disclosed that it has routinely incurred losses since inception, resulting in an accumulated deficit, and historically was dependent on one customer for its revenue. Management further stated that there is no assurance that future financing will be available to meet its obligations and operating needs. As a result of these conditions, the Company indicated that there is substantial doubt about its ability to continue as a going concern within the next 12 months. Management has undertaken steps as part of a plan to improve operations with the goal of sustaining operations for the next 12 months and beyond. These steps include an ongoing effort to: (a) controlling overhead and expenses; (b) raising equity funds for general corporate purposes; and (c) raising funds through notes payable and convertible debt to expand and fund property acquisitions exploration and development as well as maintaining operations. The Company has worked to attract and retain key personnel with significant experience in the industry while still controlling costs by having several of its experienced personnel cover a wider range of responsibilities to manage the Company's headcount. There can be no assurance that the Company can successfully accomplish these steps and it is uncertain that the Company will achieve a profitable level of operations and obtain additional financing. There can be no assurance that any additional financing will be available to the Company on satisfactory terms and conditions, if at all. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/rksc4f2c About Laredo Oil Inc. Austin, Texas-based Laredo Oil, Inc. is an oil exploration and production company that focuses on acquiring and exploring mineral properties to identify and develop oil reserves. Since 2009, it has specialized in acquiring mature oil fields and recovering stranded oil reserves through enhanced oil recovery techniques. From 2011 to 2020, the company provided management services to Stranded Oil Resources Corporation, overseeing the acquisition and operation of mature oil fields in exchange for management fees and reimbursements. The Woodlands, Texas-based M&K CPAS, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated September 15, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financing to fund ongoing operations, all of which raises substantial doubt about its ability to continue as a going concern. As of February 28, 2026, the Company had $1,417,528 in total assets, $15,652,896 in total liabilities, and $14,235,368 in total stockholders' deficit. LIA HOSPITALITY: Seeks to Employ Geist CPA as Accountant -------------------------------------------------------- Lia Hospitality Group LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to employ Geist CPA as its accountant. The firm will provide these services: (a) participate in meetings, whether in-person or telephonically, with the Debtor, and/or its counsel, as requested; (b) prepare and/or review the monthly operating reports and other schedules, as required by the local rules of the Court, and the United States Trustee's guidelines; (c) audit financial statements and other financial documents in order to ensure compliance with generally accepted accounting principles and State law requirements; (d) prepare year-end financial statements; (e) assist the Debtor with the preparation and filing of outstanding federal, state and local tax returns; (f) perform any other services that the Debtor may deem necessary in its role as accountant to the Debtor, or that may be requested by its counsel. Geist CPA will be compensated for accounting fees and actual necessary expenses as allowable under 11 U.S.C. Sec. 507(a)(2). Geist CPA is a "disinterested entity" within the meaning 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: Geist CPA 9924 Kings Horse Way Fishers, IN 46040 Telephone: (317) 813-9979 Email: info@geistcpa.com About Lia Hospitality Group LLC Lia Hospitality Group LLC operates the Baymont Inn in Muncie, Indiana, overseeing daily hotel operations, guest services, maintenance, and property management. Lia Hospitality Group LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-01663) on Mar. 23, 2026. In the petition signed by Chirag Patel, vice president, the Debtor disclosed up to $10 million in assets and up to $10 million in liabilities. Judge Andrea K. McCord oversees the case. Preeti Gupta, Esq., serves as the Debtor's counsel. LIFE STRIDE: Taps VerStandig Law Firm as Bankruptcy Counsel ----------------------------------------------------------- Life Stride, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire Christianna A. Cathcart, Esq. of The VerStandig Law Firm, LLC d/b/a The Belmont Firm to serve as bankruptcy counsel. Ms. Cathcart will provide these services: (a) prepare and file all necessary pleadings, motions, and other court papers, on behalf of the Debtor; (b) negotiate with creditors, equity holders, and other interested parties; (c) represent the Debtor in any adversary proceedings, contested matters, and other proceedings before this Honorable Court; (d) prepare a chapter 11 plan on behalf of the Debtor; and (e) tend to such other and further matters as are necessary and appropriate in the prism of this case. The firm will receive an hourly rate of $600 for partner time, $300 for associate time, and $100 for paralegal time. The VerStandig Law Firm, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Christianna A. Cathcart, Esq. THE BELMONT FIRM 1050 Connecticut Avenue, NW Suite 500 Washington, DC 20036 Telephone: (202) 655-2066 E-mail: christianna@dcbankruptcy.com About Life Stride, Inc. Life Stride, Inc., based in Washington, D.C., operates group homes and provides mental health care services, including psychiatric treatment, counseling, group therapy, case management, housing support, day programs, substance abuse services, and supported employment. A DC Department of Behavioral Health-certified community service provider, the company serves consumers seeking recovery-focused care and related residential support. Life Stride, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. District of Columbia Case No. 26-00183) on April 15, 2026. At the time of the filing, Debtor had estimated assets of between $0 to $50,000 and liabilities of between $1,000,001 to $10 million. Judge Elizabeth L Gunn oversees the case. The Belmont Firm is Debtor's legal counsel. LIGHT OF THE WORLD: Christopher Hayes Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Region 17 appointed Christopher Hayes as Subchapter V trustee for Light of the World Apostolic Church of San Jose, I. Mr. Hayes will be paid an hourly fee of $510 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Hayes declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Christopher Hayes 23 Railroad Avenue, #1238 Danville, CA 94526 Phone: (925) 725-4323 Email: chayestrustee@gmail.com About Light of the World Apostolic Church of San Jose I Light of the World Apostolic Church of San Jose, I is a California-based religious organization operating as a church entity serving its local community. Light of the World Apostolic Church of San Jose, I sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-50533) on April 3, 2026, with between $1 million and $10 million in both assets and liabilities. Honorable Bankruptcy Judge Hannah L. Blumenstiel handles the case. The Debtor is represented by David Foyil, Esq., at Equal Justice Law Group. LILLY INDUSTRIES: BG Law & Waldrep Represent Silicosis Claimants ---------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Lilly Industries, Inc. d/b/a The Slab Studio and its debtor-affiliates, BG Law LLP and Waldrep Wall Babcock & Bailey PLLC filed with the United States Bankruptcy Court for the Central District of California, a Verified Statement pursuant to Bankruptcy Rule 2019 disclosing that the law firms represent Silicosis Claimants. According to the Verified Statement: 1. Before the representation, the Claimants all engaged Brayton Purcell LLP to pursue their claims on an individual basis against the Debtor. 2. To protect the Claimants' privacy, their addresses have been omitted from this disclosure. The Claimants represented by BG and Waldrep do not constitute a committee of any kind. 3. Each Claimant has signed a General Power of Attorney that authorizes Brayton Purcell to "sign any documents, and to take all other actions required in connection with the bankruptcy estate in which Client has a claim or a potential claim." 4. Neither BG nor Waldrep holds a disclosable economic interest in or against the Debtor. 5. BG and Waldrep reserve the right to amend or supplement this Verified Disclosure as necessary. The names, nature of claim (Silicosis claims), amount of claim (Unliquidated), and claim number of the claimants in relation to the Debtors, are: 1. Aguayo Castanon, Jose Guadalupe Claim Number - 19 2. Aguilar Anguiano, Luis Leopoldo Claim Number - 64 3. Alatorre Medina, Andres Claim Number - 25 4. Alvarado Ortiz, Oscar Antonio Claim Number - 7 5. Alvarado, Joaquin Fernando Claim Number - 13 6. Anguiano Herrera, Octavio Claim Number - 54 7. Barajas Salomon, Fernando Claim Number - 10 8. Carmona Garizao, Aramis Miguel Claim Number - 30 9. Diaz Hernandez, Victor Alfonso Claim Number - 60 10. Estudillo Urrutia, Jose Claim Number - 31 11. Flores Rivera, Brayan Jose Claim Number - 27 12. Gonzalez Gonzalez, Rigoberto Claim Number - 44 13. Gonzalez, Javier Claim Number - 63 14. Gonzalez-Morin, Juan Rodrigo Claim Number - 4 15. Ipina Ramos, Marvin Norberto Claim Number - 36 16. Izquierdo, Dany Claim Number - 43 17. Lopez Arteaga, Jose Carlos Claim Number - 61 18. Lopez Castillo, Antonio Claim Number - 23 19. Lopez Coronado, Luis Fernando Claim Number - 49 20. Lopez Gonzalez, Johnathan Claim Number - 47 21. Lopez Gutierrez, Gerardo Claim Number - 59 22. Lopez-Gonzalez, Mynor Claim Number - 6 23. Lozano Franco, Javier Claim Number - 52 24. Magana Sanchez, Luis Arturo Claim Number - 20 25. Martinez Avila, Marlon Omar Claim Number - 11 26. Martinez Avila, Roevel Alexander Claim Number - 35 27. Martir-Navarro, Sr., Jose Luis Claim Number - 9 28. Melendez-Murillo, Martin Claim Number - 5 29. Mora de Los Santos, Guillermo Claim Number - 12 30. Moreno Cordero, Jose de Jesus Claim Number - 51 31. Ocampo Rodriguez, Gerardo Claim Number - 29 32. Ortega-Rabanales, Jeison Josue Claim Number - 8 33. Paiz Rivera, Raul Estuardo Claim Number - 55 34. Perez Rodriguez, Pascual Claim Number - 45 35. Polanco Contreras, Carlos Fernando Claim Number - 22 36. Ramirez Soriano, Arturo Claim Number - 48 37. Ramirez Soriano, Gerardo Claim Number - 15 38. Ramos Morales, Oscar Amilcar Claim Number - 50 39. Reyes Gonzalez, Gerinson Stink Claim Number - 21 40. Reyes, Gerardo Claim Number - 14 41. Reyes-Cuevas, J. Guadalupe Claim Number - 18 42. Rivas-Williams, Dennys Rene Claim Number - 17 43. Rivas-Williams, Marvin Manuel Claim Number - 28 44. Rojas Magana, Manuel Antonio Claim Number - 46 45. Rojas Solorzano, Javier Claim Number - 37 46. Salas-Arellano, Nolberto Claim Number - 40 47. Sanchez Diaz, Juan Octavio Claim Number - 24 48. Sanchez Flores, Hugo Claim Number - 58 49. Sanchez Flores, Rolando Claim Number - 32 50. Sanchez-Flores, Maximino Claim Number - 33 51. Sarabia Ocampo, Nicolas Fortino Claim Number - 39 52. Sarabia-Ocampo, Alejandro Claim Number - 38 53. Silverio Francisco, Aurelio Claim Number - 34 54. Silverio Soto, Fernando Claim Number - 42 55. Suarez-Herrera, Francisco Claim Number - 56 56. Torres Orozco, Olegario Claim Number - 26 57. Torres Orozco, Victor Claim Number - 41 58. Valdez Malvaez, Juan Carlos Claim Number - 57 59. Victoria Garcia, Cecilio Claim Number - 62 60. Yepes Cervantes, Gustavo Alberto Claim Number - 53 About Lilly Industries Inc. Lilly Industries, Inc. (doing business as The Slab Studio) is a trade-only gallery that offers architects, contractors, dealers, and designers' access to the finest natural stone and semi-precious slabs, ensuring a sophisticated, one-of-a-kind viewing experience. With discerning standards and a global reach, they act as a trusted partner for those seeking premium materials for high-end design projects. Lilly Industries filed a Chapter 11 petition (Bankr. C.D. Calif. Case No. 25-10301) on February 3, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Robert Goe, Esq., a practicing attorney in Irvine, Calif., serves as Subchapter V trustee. Judge Theodor Albert oversees the case. The Debtor tapped Brian M. Rothschild, Esq., at Parsons Behle & Latimer as legal counsel and Rocky Mountain Advisory, LLC as accounting and financial advisor. Attorneys for Silicosis Claimants: Steven T. Gubner, Esq. Jason B. Komorsky, Esq. Jessica L. Bagdanov, Esq. BG LAW LLP 21650 Oxnard Street, Suite 500 Woodland Hills, CA 91367 Tel: (818) 827-9000 Fax: (818) 827-9099 Email: sgubner@bg.law jkomorsky@bg.law jbagdanov@bg.law - and - Jennifer B. Lyday, Esq. Chris Haaf, Esq. WALDREP WALL BABCOCK & BAILEY PLLC 370 Knollwood St., Suite 600 Winston-Salem, NC 27103 Tel: (336) 722-6300 Email: jlyday@waldrepwall.com chaaf@waldrepwall.com LINEAS DE PUERTO: Hires Carlo Law Office as Special Counsel ----------------------------------------------------------- Lineas de Puerto Rico, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Osvaldo Carlo Linares, Esq. of Carlo Law Office, LLC to serve as special counsel. The professional will provide these services: (a) appearance in all court proceedings; (b) review of discovery material; (c) preparation and filing of dispositive motions; (d) trial preparation; (e) appearance at trial; (f) advising/representing the Debtor with respect to any negotiations; and (g) advising/representing the Debtor with respect to such other matters as may be required and are deemed to be in the interests of the Debtor in the criminal litigation or any related federal civil enforcement action. The terms of compensation agreed between Debtor and Carlo Law is a flat fee of $50,000 which was paid in November of 2025, prior to the filing of this action. However, expenses, such as experts and appeal fees, were not included. Carlo Law Office, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Osvaldo Carlo Linares, Esq. CARLO LAW OFFICE, LLC 1509 Lopez Landron-PH San Juan, PR 00911 Telephone: (787) 405-3253 (787) 300-6483 E-mail: ocarlo@carlolaw.com About Lineas De Puerto Rico, Inc. Lineas de Puerto Rico, Inc. provides highway, street, and bridge construction services in Puerto Rico, operating as a construction contractor focused on public infrastructure projects. The Company undertakes roadway-related construction and related contracting activities and serves government and other clients across the island. Lineas de Puerto Rico Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. Case No. 26-00298) on January 29, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 to $500,000 and liabilities of between $1,000,001 to $10 million. Judge Enrique S Lamoutte Inclan oversees the case. NELSON ROBLES-DIAZ LAW OFFICES, P.S.C. is the Debtor's legal counsel. LONG BEACH: Taps Law Offices of Louis J. Esbin as Counsel --------------------------------------------------------- Long Beach Property, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Louis J. Esbin to serve as general bankruptcy counsel for the Debtor in Possession. The firm will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in the administration of the bankruptcy estate; (b) appear on behalf of the Debtor at meetings required under the United States Trustee Guidelines; (c) negotiate on behalf of the Debtor with secured and unsecured creditors and other parties in interest; (d) advise the Debtor regarding assumption or rejection of executory contracts and leases; (e) prepare, review, and file necessary applications, motions, orders, reports, and other legal papers; (f) initiate, defend, or assist in proceedings affecting the bankruptcy estate; and (g) perform all other legal services necessary for the administration of the Chapter 11 case. The Law Offices of Louis J. Esbin will receive compensation at an hourly rate of $750 for the principal attorney, with costs and fees subject to approval by the Bankruptcy Court under 11 U.S.C. Sec. 330 and 331 and applicable rules. Paralegal and support staff rates are reflected in the firm's fee schedule, including $150 per hour for legal assistants. The firm represents that it is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, and has no interest adverse to the Debtor or the bankruptcy estate, according to court filings. The firm can be reached at: Louis J. Esbin, Esq. LAW OFFICES OF LOUIS J. ESBIN 25115 Avenue Stanford, Suite A201 Valencia, CA 91355 Telephone: (661) 254-5050 Facsimile: (661) 254-5252 E-mail: Louis@Esbinlaw.com About Long Beach Property, LLC Long Beach Property, LLC is a real estate holding company engaged in the ownership, management, and leasing of residential or commercial properties, primarily in the Long Beach area. Long Beach Property, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13636) on April 15, 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 Sheri Bluebond handles the case. The debtor is represented by Louis J. Esbin, Esq. of the Law Offices of Louis J. Esbin. LUCERO LLC: Taps Hire Michael Christopher Verdone as Broker ----------------------------------------------------------- Lucero LLC received approval from the U.S. Bankruptcy Court for the Northern District of California to employ Michael Christopher Verdone, a licensed real estate broker doing business in California, as broker. Mr. Verdone will assist the Debtor in the sale of the real property of the estate commonly known as 453 Grand Ave. and 450 Third Lane, South San Francisco, CA 94080, list and sell the Subject Property in its current condition, and represent only the interests of the Debtor's estate. Mr. Verdone will receive a commission totaling two and 1/2 of the purchase price, with an additional 2% commission if the buyer is unrepresented. As disclosed in the court filings, the broker does not hold or represent any interest adverse to the Debtor or the estate,. The professional can be reached through: Michael Christopher Verdone Economic Concepts Redwood City, CA Phone: (650) 921-7203 E-mail: econ1mv@aol.com About Lucero LLC Lucero LLC provides services related to real estate, including property management, real estate appraisal, and other support services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30160) on February 25, 2026. In the petition signed by Henry Richard Lucero, co-managing member, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Dennis Montali oversees the case. Matthew D. Metzger, Esq., at Belvedere Legal, P.C., represents the Debtor as bankruptcy counsel. LYCRA COMPANY: Hires Grant Thornton as Tax Structuring Advisor -------------------------------------------------------------- The LYCRA Company LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to retain Grant Thornton UK Advisory & Tax LLP as its tax structuring advisor. The firm will provide these services: (a) provide an initial analysis identifying key areas requiring consideration as a result of the transaction from a UK, Dutch, and US tax perspective; (b) prepare a detailed tax structuring steps paper setting out the steps to implement the transaction from UK, Dutch, US, and Jersey tax perspectives; (c) review legal documentation to ensure restructuring documents are consistent with the tax advice provided; (d) participate in meetings with other advisors involved in the Chapter 11 cases as required; (e) provide limited accounting support under international accounting standards related to certain restructuring steps, including warrants and restructuring of Super Senior Term Loan Notes, to the extent relevant to tax analysis; and (f) provide tax-focused assessment of legal documents to ensure consistency with tax advice. Grant Thornton will be compensated at hourly rates ranging from GBP200 to GBP760 depending on role, including Partner, Director, Associate Director, Manager, Assistant Manager, and Associate levels. The Debtors also paid a prepetition retainer of GBP325,000 and prepetition payments of GBP185,737 within 90 days prior to filing. Grant Thornton UK Advisory & Tax LLP is a "disinterested person" within the meaning of 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 at: Mandipa Soni Grant Thornton UK Advisory & Tax LLP 8 Finsbury Circus London, EC2M 7EA About The Lycra Co., LLC The Lycra Company LLC is a textile company that produces elastic materials used in cycling and yoga apparel. The Lycra Company LLC and several affiliates, including Eagle Global Holding B.V., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90399) on March 17, 2026, before the Hon. Christopher M. Lopez. The Debtors estimated $100 million to $500 million in estimated assets and liabilities. The Hon. Christopher M. Lopez presides over the jointly administered cases. The Debtors hired Linklaters LLP and Haynes and Boone, LLP as restructuring counsel; Houlihan Lokey as investment banker; FTI Consulting, Inc. as financial advisor; Kroll Inc. as claims and noticing agent. Gibson, Dunn & Crutcher UK LLP serves as lead counsel and Porter Hedges LLP as local counsel to an ad hoc group of lenders. M.K. WEEDEN: Seeks Approval to Hire Pivotal Services as Consultant ------------------------------------------------------------------ M.K. Weeden Construction, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Montana to hire Pivotal Services LLC to serve as its financial consultant. The firm will provide these services: (a) finalize liquidation analyses in support of confirmation; (b) prepare individual and corporate budgets; (c) assist with cash collateral budgets; (d) provide claims analysis services; and (e) otherwise support Debtor's needs to provide financial information and reporting for their cases. Pivotal Services LLC will receive an hourly rate of $295. Pivotal Services LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Alicia Thomas Pivotal Services LLC 3570 Elmont Ave. Enumclaw, WA 98022 About M.K. Weeden Construction Inc. M.K. Weeden Construction, Inc., based in Lewistown, Montana, is an earthmoving and heavy civil construction contractor operating throughout Montana, Wyoming, and the western United States. Founded in 1991 and incorporated in 1994, the Company has grown to approximately 150 employees and over 200 pieces of equipment. It provides large-scale excavation and earthmoving services, leveraging advanced construction technology to support efficiency and project quality. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 25-40100) on December 11, 2025. In the petition signed by Monte K. Weeden, president and manager, the Debtor disclosed $27,956,847 in total assets and $23,678,668 in total liabilities. Judge Benjamin P. Hursh oversees the case. Laurie Thornton, Esq., at DBS LAW, represents the Debtor as legal counsel. MADISON IAQ: Moody's Puts 'B2' CFR Under Review for Upgrade ----------------------------------------------------------- Moody's Ratings placed the ratings of Madison IAQ LLC (Madison Air) on review for upgrade, including the B2 corporate family rating, B2-PD probability of default rating, B1 senior secured first lien bank credit facilities and senior secured notes ratings, and Caa1 senior unsecured notes rating. The outlook, previously stable, was changed to ratings under review. This action follows the successful public listing of Madison Air's parent, Madison Air Solutions Corporation, on the New York Stock Exchange. Net proceeds estimated at $2.3 billion ($2.6 billion including overallotment option), which includes proceeds from a concurrent $100 million private placement of Class B shares, are to be utilized to repay Madison Air's term loan facility. Additionally, Madison Air will substantially increase the capacity of its revolving credit facility to $1.3 billion shortly after its term loan repayment. These actions will materially reduce debt/EBITDA leverage and increase liquidity. The listing of Madison Air Solutions Corporation as a publicly traded company is considered to be a governance consideration and a key driver of the rating action. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The review will focus on the overall operating profile, capital structure, and financial policies of the business going forward as a publicly traded entity. Debt/EBITDA, currently greater than 6.0x on a Moody's adjusted basis, will decline by multiple turns given the repayment of approximately one-third of the company's debt balance. Interest coverage and free cash flow will also materially improve given lower interest expense. Furthermore, being a publicly listed company will reduce the likelihood of very high financial leverage from large debt-funded transactions or distributions, as well as require the company to file quarterly financial statements with the SEC. The materiality of these changes could result in a multi-notch upgrade of the CFR and various other instrument ratings. Madison IAQ LLC manufactures indoor air quality solutions for commercial channels, including hospital, education, hospitality, distribution, retail, service, office and manufacturing facilities and for residential customers. Revenue for the twelve month period ending December 31, 2025 was approximately $3.5 billion. The principal methodology used in these ratings was Manufacturing published in September 2025. MAFIA INC: Case Summary & One Unsecured Creditor ------------------------------------------------ Debtor: The Mafia, Inc. d/b/a Huckle Burger d/b/a HWY 55 Burgers, Shakes and Fries 719 W 15th Street Washington, NC 27889 Business Description: The Mafia, Inc., doing business as Huckle Burger and HWY 55 Burgers, Shakes and Fries, operates a casual dining restaurant in Washington, North Carolina. The company serves burgers, shakes, fries and related menu items through its restaurant operations. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Eastern District of North Carolina Case No.: 26-01779 Judge: Hon. Joseph N Callaway Debtor's Counsel: Danny Bradford, Esq. PAUL D. BRADFORD, PLLC 455 Swiftside Drive Suite 106 Cary, NC 27518-7198 Tel: (919) 758-8879 Fax: (919) 803-0683 Email: dbradford@bradford-law.com Total Assets: $117,959 Total Liabilities: $2,190,277 The petition was signed by Nicholas Fritz as president. The Debtor listed the U.S. Small Business Administration (US SBA) Denver Finance Center, located at 721 19th Street, Denver, Colorado 80202, as its only unsecured creditor, with a claim amount of $2.15 million. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5DNM7WA/The_Mafia_Inc__ncebke-26-01779__0001.0.pdf?mcid=tGE4TAMA MAPLE BEAR: Case Summary & Four Unsecured Creditors --------------------------------------------------- Debtor: Maple Bear St Johns Early Learning Center LLC 1300 CR 210 W Saint Johns, FL 32259 Business Description: Maple Bear St Johns Early Learning Center LLC is an early learning center in St. Johns, Florida, that operates under a franchise agreement with Maple Bear USA. The center provides early education programs, including preschool instruction and infant care through Bear Care. Its curriculum includes bilingual instruction for young children. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-01769 Debtor's Counsel: Bryan K. Mickler, Esq. LAW OFFICES OF MICKLER & MICKLER, LLP 5452 Arlington Expy. Jacksonville FL 32211 Email: bkmickler@planlaw.com Total Assets: $35,597 Total Liabilities: $1,043,000 The petition was signed by Marites Relampagos as athorized member. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TZY7O6A/MAPLE_BEAR_ST_JOHNS_EARLY_LEARNING__flmbke-26-01769__0001.0.pdf?mcid=tGE4TAMA MARJORIE SOUSA: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------------ On April 20, 2026, Marjorie Sousa Realty LLC filed for Chapter 7 protection in the Southern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Marjorie Sousa Realty LLC Marjorie Sousa Realty LLC is a limited liability company typically engaged in real estate ownership, leasing, or property management activities. Marjorie Sousa Realty LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22395) on April 20, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Sean H. Lane handles the case. MED-RIDE INC: Timothy Stone of Newpoint Named Subchapter V Trustee ------------------------------------------------------------------ The Acting U.S. Trustee for Region 8 appointed Timothy Stone of Newpoint Advisors Corporation as Subchapter V trustee for Med-Ride, Inc. Mr. Stone will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Stone declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Timothy Stone Newpoint Advisors Corporation 750 Old Hickory Blvd, Building Two, Suite 150 Brentwood, TN 37027 Phone: 800-306-1250/615-440-8273 Fax: (702) 543-3881 Email: tstone@newpointadvisors.us About Med-Ride Inc. 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01653) on April 8, 2026, with $560,187 in assets and $3,052,745 in liabilities. Joseph Musoke, president, signed the petition. Judge Nancy B. King presides over the case. Henry E. Hildebrand, IV, Esq., at Dunham Hildebrand Payne Waldron, PLLC represents the Debtor as legal counsel. MEGASLAB INC: Taps Law Offices of Henry F. Sewell as Counsel ------------------------------------------------------------ MEGASLAB, INC. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to hire the Law Offices of Henry F. Sewell, Jr., LLC to serve as general bankruptcy counsel. Mr. Sewell will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in these proceedings and ongoing business operations; (b) attend meetings, negotiate with creditors and other parties in interest, and advise on the conduct of the Chapter 11 case; (c) prepare, review, and file necessary motions, applications, reports, orders, and other legal documents; (d) take actions to protect and preserve the estate, including prosecution and defense of litigation and claim objections; (e) negotiate and assist in preparing a plan of reorganization, disclosure statement, and related documents; (f) review and analyze claims and potential causes of action under the Bankruptcy Code; (g) advise regarding asset sales and related transactions; (h) represent the Debtor before the Bankruptcy Court, appellate courts, and the U.S. Trustee; and (i) perform all other necessary legal services required in connection with the case. The Law Offices of Henry F. Sewell, Jr., LLC will receive compensation at an hourly rate of $475 for Henry F. Sewell, Jr. and $375 for associate counsel, plus reimbursement of actual and necessary expenses. The firm holds a prepetition retainer of $20,000 (inclusive of filing fee), with $16,262 remaining after partial application. The Law Offices of Henry F. Sewell, Jr., LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Henry F. Sewell, Jr., Esq. LAW OFFICES OF HENRY F. SEWELL, JR., LLC 2965 Peachtree Road, NW, Suite 555 Atlanta, GA 30305 Telephone: (404) 926-0053 E-mail: hsewell@sewellfirm.com About MEGASLAB Inc. MEGASLAB, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-52937) on March 3, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Lisa Ritchey Craig presides over the case. Henry F. Sewell, Jr., Esq., at the Law Offices of Henry F. Sewell, Jr., LLC represents the Debtor as bankruptcy counsel. MEYER BURGER: Asks Court to Approve Chapter 11 Wind-Down Plan ------------------------------------------------------------- Alex Wittenberg of Law360 reports that on Tuesday, April 21, 2026, a Delaware bankruptcy judge on Tuesday approved the Chapter 11 liquidation plan of the U.S. subsidiary of Meyer Burger, authorizing the company to dispose of its remaining assets. The decision clears the path for the debtor to finalize its bankruptcy case. The plan provides for an orderly sale of assets and distribution of proceeds to creditors, ensuring that claims are addressed in accordance with bankruptcy rules. The court determined that the proposal satisfied all confirmation requirements, the report states. Following approval, the subsidiary will proceed with its wind-down strategy and conclude its Chapter 11 proceedings. The move effectively brings an end to Meyer Burger's U.S. restructuring efforts, according to Law360. About Meyer Burger (Holding) Corp. Meyer Burger (Holding) Corp. is an industrial manufacturer of solar cells and solar modules. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11217-CTG) on June 25, 2025. In the petition signed by Justin D. Pugh, chief restructuring officer, the Debtor disclosed up to $500 million in assets and up to $1 billion in liabilities. Judge Craig T. Goldblatt oversees the case. Paul N. Heath, Esq., at Richards, Layton & Finger, P.A., represents the Debtor as legal counsel. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Fox Rothschild, LLP. MEYER BURGER: Court Confirms Joint Chapter 11 Plan of Liquidation ----------------------------------------------------------------- Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware approved and confirmed the Revised Combined Joint Chapter 11 Plan of Liquidation and Disclosure Statement of Meyer Burger (Holding) Corp. and its debtor affiliates and the Official Committee of Unsecured Creditors. The Court finds the disclosures contained in the Combined Plan and Disclosure Statement provided Holders of Claims entitled to vote on the Combined Plan and Disclosure Statement with adequate information to make an informed decision as to whether to vote to accept or reject the Combined Plan and Disclosure Statement, in accordance with section 1125(a)(1) of the Bankruptcy Code. The Holders of Claims in Classes 2 (Prepetition and DIP Lender Secured Claims), 3B (WARN Priority Claims), and 4A (Prepetition Secured Lender Deficiency Claims), have voted to accept the Combined Plan and Disclosure Statement in the numbers and amounts required by section 1126(c) of the Bankruptcy Code. The Holders of Claims in Classes 1 (Other Secured Claims) and 3A (Non-WARN Priority Claims) are Unimpaired under the Combined Plan and Disclosure Statement and thus are conclusively deemed to have accepted the Combined Plan and Disclosure Statement, pursuant to section 1126(f) of the Bankruptcy Code. Notwithstanding the fact that 4B (General Unsecured Claims Other Than Prepetition Secured Lender Deficiency Claims) voted to reject the Combined Plan and Disclosure Statement, and Class 5 (Interests) has been deemed to reject the Combined Plan and Disclosure Statement, the Combined Plan and Disclosure Statement may be confirmed pursuant to section 1129(b) of the Bankruptcy Code. The evidence in support of the Combined Plan and Disclosure Statement that was proffered, admitted, or adduced at or prior to the Combined Hearing is reasonable, persuasive, credible, has not been controverted by other evidence, and establishes that the Combined Plan and Disclosure Statement does not discriminate unfairly against, and is fair and equitable with respect to 4B (General Unsecured Claims Other Than Prepetition Secured Lender Deficiency Claims) and Class 5 (Interests), as required by sections 1129(b)(1) and (b)(2) of the Bankruptcy Code. Accordingly, the Combined Plan and Disclosure Statement may be confirmed notwithstanding the rejection of 4B (General Unsecured Claims Other Than Prepetition Secured Lender Deficiency Claims) and deemed rejection of the Combined Plan and Disclosure Statement by Class 5. The Bankruptcy Court finds that entry into the Liquidation Trust Agreement (substantially in the form included in the Plan Supplement) is a reasonable exercise of the Debtors’ business judgment. The entry by the Debtors into the Liquidation Trust Agreement is approved. Further, the appointment of Alex Zyngier as the Liquidation Trustee is approved. The Movants have met the burden of proving that the Combined Plan and Disclosure Statement satisfies the elements of section 1129(a) of the Bankruptcy Code, other than section 1129(a)(8), by a preponderance of the evidence. The Combined Plan and Disclosure Statement is approved on a final basis, as having adequate information as contemplated by section 1125(a)(1) of the Bankruptcy Code. The Combined Plan and Disclosure Statement is confirmed and approved in all respects. Any and all objections or reservations of rights to the Combined Plan and Disclosure Statement that have not been withdrawn or resolved prior to the Combined Hearing are overruled. A copy of the Court' Order dated April 21, 2026, is available at https://urlcurt.com/u?l=uvl8Z9 from PacerMonitor.com. About Meyer Burger (Holding) Corp. Meyer Burger (Holding) Corp. is an industrial manufacturer of solar cells and solar modules. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11217-CTG) on June 25, 2025. In the petition signed by Justin D. Pugh, chief restructuring officer, the Debtor disclosed up to $500 million in assets and up to $1 billion in liabilities. Judge Craig T. Goldblatt oversees the case. Paul N. Heath, Esq., at Richards, Layton & Finger, P.A., represents the Debtor as legal counsel. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Fox Rothschild, LLP. MORRISON HOSPITAL: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Hampshire granted Morrison Hospital Association interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in accordance with a court-approved budget until the final hearing scheduled for May 1. The Debtor's cash collateral is subject to liens held by Service Credit Union and the Rural Housing Service, United States Department of Agriculture, which financed the development or renovation of its real properties in Whitefield, New Hampshire. The lenders also assert security interests in or liens on the real properties, general intangibles and contract rights. As of the petition date, the Debtor owed $847,000 and $22.994 million to Service Credit Union and the USDA, respectively. As adequate protection, the Debtor is required to make monthly payments of $2,900 to Service Credit Union and $5,100 to the USDA. Additionally, the lenders will be granted replacement liens on post-petition assets (excluding avoidance actions), with the same priority and extent as their original liens, protecting them against any decline in collateral value. The order preserves all parties' rights to challenge the validity, priority, or extent of liens and does not make final determinations on those issues. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/jH2gv from PacerMonitor.com. About Morrison Hospital Association Morrison Hospital Association sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.H. Case No. 26-10308) on April 10, 2026, with $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Shannon Lynch as chief executive officer. Judge Kimberly Bacher oversees the case. The Debtor is represented by: Christopher M. Candon Sheehan, Phinney, Bass + Green, PA Tel: 603-668-0300 Email: ccandon@sheehan.com MOUNT ACADIA: Involuntary Chapter 11 Case Summary ------------------------------------------------- Alleged Debtor: Mount Acadia Senior Properties LLC 224 Birmingham Drive, Ste. 1A1 Cardiff by the Sea, CA 92007 Business Description: Mount Acadia Senior Properties LLC is a single-asset real estate entity, as defined under 11 U.S.C. Section 101(51B), focused on owning and managing a single income-generating property. Involuntary Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Southern District of California Case No.: 26-01618 Judge: Hon. J Barrett Marum Petitioners' Counsel: K. Todd Curry, Esq. CURRY ADVISORS, A PROFESSIONAL LAW CORPORATION 185 West F Street, Ste. 100 San Diego, CA 92101 Tel: (619) 238-0004 Email: tcurry@currylegal.com A full-text copy of the Involuntary Petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/6547MOI/Mount_Acadia_Senior_Properties__casbke-26-01618__0001.0.pdf?mcid=tGE4TAMA Alleged creditors who signed the petition: Petitioner Nature of Claim Claim Amount Dave Williams Plumbing and Trade Debt $102,836 Electrical, Inc. 75-140 St. Charles Place, Ste. C Palm Desert CA 92211 Future Drywall Trade Debt $96,660 2026 Camino Cantera Vista CA 92084 ECLR Flooring Trade Debt $60,994 15373 Innovation Dr., Ste. 260 San Diego, CA 92128 MULTI-COLOR CORP: Court Confirms Joint Plan of Reorganization ------------------------------------------------------------- The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the District of New Jersey approved the Disclosure Statement and confirmed the Amended Joint Prepackaged Plan of Reorganization of Multi-Color Corporation and its Debtor Affiliates pursuant to Chapter 11 of the Bankruptcy Code. The Court finds the Disclosure Statement contains extensive material information regarding the Debtors so that parties entitled to vote on the Plan could make informed decisions regarding the Plan. The Disclosure Statement contains "adequate information" within the meaning of section 1125(a) of the Bankruptcy Code and complies with any additional applicable requirements of the Bankruptcy Code, the Bankruptcy Rules, and non-bankruptcy law. The Debtors' solicitation of acceptances and rejections of the Plan via transmittal of the Disclosure Statement and the other materials in the Solicitation Packages was authorized by and complied with the Conditional Disclosure Statement Order and was appropriate under the circumstances. The Filing of the Disclosure Statement satisfied Bankruptcy Rule 3016(b). The Disclosure Statement is approved and the Debtors' use of the Disclosure Statement in solicitation of acceptances of the Plan is approved. The Disclosure Statement is approved as containing adequate information within the meaning of section 1125 of the Bankruptcy Code and sufficient information of a kind necessary to satisfy the disclosure requirements of any applicable non-bankruptcy laws, rules, and regulations. The Plan is approved in its entirety and confirmed pursuant to section 1129 of the Bankruptcy Code. To the extent that any objections (including any reservations of rights, joinders, or statements contained therein) to approval of the Disclosure Statement and/or Confirmation of the Plan have not been withdrawn, waived, or settled before entry of this Confirmation Order, are not cured by the relief granted in this Confirmation Order, or have not been otherwise resolved as stated on the record of the Combined Hearing, all such objections (including any reservation of rights, joinders, or statements contained therein), except with respect to unresolved Cure disputes and objections to the assumption or rejection of Executory Contracts and Unexpired Leases, if any, are hereby overruled in their entirety and on the merits. As shared by the Troubled Company Reporter, Multi-Color Corporation and its Debtor Affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement relating to the Joint Prepackaged Plan of Reorganization dated January 29, 2026. MCC is the leading global manufacturer in prime (i.e., the primary label on any product intended to showcase the product and underlying brand) label solutions, providing customers with customized labeling and high impact brand support. In the days preceding the filing of these Chapter 11 Cases, the Debtors and their advisors were able to resolve certain material outstanding terms between the Secured Ad Hoc Group and CD&R and achieved consensus with a diverse group of stakeholders. To that end, on January 25, 2026, the Debtors, the Consenting First Lien Lenders (comprised of the Secured Ad Hoc Group), and CD&R (in its capacities as a funded debt holder, as current equity sponsor, the "Sponsor," and, pursuant to certain new money equity injections to be provided pursuant to the Plan, the "Plan Sponsor") executed the Restructuring Support Agreement, pursuant to which the Debtors will effectuate the recapitalization transactions through "prepackaged" Chapter 11 Cases. The Restructuring Support Agreement provides for up to a $657.5 million DIP financing facility comprised of (a) $250 million of new money commitments, (b) a 1:1 "roll-up" of First Lien Secured Claims with respect to the funding in clause (a), (c) a $7.5 million DIP Backstop Premium, and (d) up to $150 million in incremental new money loans with no related economics (except for principal) or "roll-up." The Restructuring Support Agreement enjoys the support of the (i) Consenting First Lien Lenders, which hold, in the aggregate, approximately (x) 72.3% percent in principal of the obligations under the Cash Flow Revolving Facility, the U.S. Term Loan Facility, the European Term Loan Facility, and the Secured Notes, (ii) the Sponsor, and (iii) the Plan Sponsor. The Plan additionally provides the business with approximately $889 million in new money, and leaves unimpaired all general unsecured creditors, encompassing all trade, customer, employee, vendor, and supplier claims. Moreover, the immediate infusion of liquidity provided by the DIP Facility will send a positive message to the Company's unsecured creditors, who are crucial to the continued success of the business. The importance of this immediate liquidity infusion, and the message it sends, cannot be overstated as the Company pursues its robust operational and commercial turnaround plan to win back customers lost in the preceding years. The DIP Facility is the product of robust, arm's-length negotiations, fulfills the Debtors' restructuring goals, and overall is the best source of financing available to the Debtors. Accordingly, the Debtors are determined to move forward with the DIP Facility in a sound exercise of their business judgment. With this essential funding in hand in the coming days, the Debtors will be able to pursue the transactions contemplated by the Restructuring Support Agreement and emerge with substantially reduced leverage and the ability to continue as a going concern. Class 6 consists of all Allowed General Unsecured Claims against any Debtor. Each Holder of an Allowed General Unsecured Claim shall receive, in full and final satisfaction of such General Unsecured Claim, either: * Reinstatement of such Allowed General Unsecured Claim pursuant to Section 1124 of the Bankruptcy Code; or * such other treatment rendering such Allowed General Unsecured Claim unimpaired in accordance with section 1124 of the Bankruptcy Code. Class 6 is Unimpaired under this Plan. Holders of Allowed General Unsecured Claims are conclusively presumed to have accepted this Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, such Holders are not entitled to vote to accept or reject this Plan. The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under this Plan with: (1) the Debtors' Cash on hand as of the Effective Date; (2) the New Debt; (3) the New ABL Facility; (4) New Common Equity, including the proceeds of the Plan Sponsor Equity Investment; and (5) the New Preferred Equity, including the proceeds of the New Preferred Equity Investment. Each distribution and issuance referred to in Article VI of the Plan shall be governed by the terms and conditions set forth in this Plan applicable to such distribution or issuance and by the terms and conditions of the instruments or other documents evidencing or relating to such distribution or issuance, which terms and conditions shall bind each Entity receiving such distribution or issuance. The issuance, distribution, or authorization, as applicable, of certain Securities in connection with this Plan, including the New Equity Interests, will be exempt from registration under the Securities Act. A full-text copy of the Disclosure Statement dated January 29, 2026 is available at https://urlcurt.com/u?l=zAFtf4 from PacerMonitor.com at no charge. A copy of the Court's Findings of Fact, Conclusions of Law, and Order dated April 16, 2026, is available at https://urlcurt.com/u?l=xrMKvy from PacerMonitor.com. About Multi-Color Corp. Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.'s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. MUSTANG FUNDING: Public Foreclosure Sale Scheduled for April 30 --------------------------------------------------------------- ORION PIP LLC, a Delaware limited liability company, as collateral agent (or any of its successors or assigns, the "Agent"), announced that it will offer for sale (the "Sale") at a public auction (the "Auction") under the New York Uniform Commercial Code (the "UCC") the following property of Mustang Funding, LLC (the "Senior Term Loan Borrower"), and its subsidiary guarantors, Mustang Specialty Funding II, LLC ("MSF2"), and Mustang Special Situations 1, LLC ("MSS1" and, collectively with MSF2, the "Guarantors"): all Collateral, other than certain limited exclusions (as identified in the Pledge and Security Agreement by and among the Senior Term Loan Borrower, the Guarantors, and the Agent, dated as of December 28, 2022 (the "Senior Term Loan Security Agreement")). The Collateral to be sold at the Auction is as defined in the UCC or, if undefined therein, in the Senior Secured Credit and Guaranty Agreement, by and among the Senior Term Loan Borrower, the Guarantors, and the Agent and the Lenders party thereto, dated as of December 28, 2022 (the "Senior Term Loan Credit Agreement") and the other documents executed in connection with or otherwise related to the Senior Term Loan Credit Agreement (collectively, the "Senior Term Loan Credit Documents"). The Agent and the lenders party to the Senior Term Loan Credit Agreement are referred to herein as the "Secured Parties." The Collateral to be sold at the Auction constitutes substantially all of the Senior Term Loan Borrower's and each Guarantor's assets, including but not limited to, all: Accounts (including, without limitation, all accounts receivables), Books, Money, cash and currency (including Cash Equivalents), Chattel Paper, Documents and Documents of Title, Contracts together with all Contract Rights, Deposit Accounts and all other demand, deposit, time, savings, cash management, passbook and similar account maintained by the Senior Term Loan Borrower and each such Guarantor with any bank or other financial institution, Financial Assets, General Intangibles (including Payment Intangibles), Fixtures, Goods, Instruments, Intellectual Property (including all the right to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation or impairment thereof, and all Proceeds of the foregoing, including without limitation licenses fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto), Investment Related Property, Letters of Credit and Letter of Credit Rights, Commercial Tort Claims, Equipment, Inventory, policies and certificates of insurance, Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing, and all Proceeds, products, accessions, rents and profits of or in respect of any of the foregoing. The bids made at the Auction must be accompanied by evidence satisfactory to the Agent, in its sole and absolute discretion, of the bidder's ability to make payment of the purchase price. Prospective bidders must also be willing to execute a confidentiality agreement before obtaining additional information. Additional terms of sale shall be provided upon request to any prospective bidder. The Agent is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by the Senior Term Loan Borrower and the Guarantors in connection with any bids it may make with respect to the Collateral. All of the Collateral will be sold pursuant to a bill of sale and such other appropriate transfer documents, if any, as the Agent deems appropriate on an "as is, where is" and "with faults" basis and without recourse, representations, or warranties of any kind or nature whatsoever, including, without limitation, any representation or warranty of merchantability or fitness for a particular purpose. Specifically, but without limitation of the foregoing, there will be no warranty relating to title, possession, quiet enjoyment, or the like made or given. This Auction is being held to enforce the Secured Parties' rights in the Collateral pursuant to the Senior Term Loan Credit Documents in order to satisfy in full the indebtedness of the Senior Term Loan Borrower and the Guarantors to the Secured Parties incurred pursuant to the Senior Term Loan Credit Documents, which indebtedness is in an amount of at least $20,924,388 (as of March 9, 2026). The Auction will take place beginning on Thursday, April 30, 2026 at 11:00 A.M. (New York, New York time) (the "Auction Date") virtually at a link to be furnished in advance to all interested parties, in accordance with the aforementioned additional terms of sale, which may be obtained by contacting the person named below. The Sale is a sale pursuant to foreclosure upon the Agent's security interests in the Collateral and will be conducted in accordance with Section 9-610 of the UCC. The Sale, if made, shall be to the highest and best bidder. All persons attending the Sale will be given an opportunity to bid on a competitive basis. The Agent may offer the Collateral for sale, and may sell the Collateral, as a unit or in parcels and by way of one or more contracts, even though the sales price thereof may be in excess of the amount remaining unpaid on the Obligations. The Agent may adjourn and recommence the Sale, in its discretion, within the legal hours for a public sale. The purchase price shall be paid in cash or certified funds at closing, which will be at the conclusion of all bidding unless otherwise agreed by the Agent at the time of sale. The Agent reserves the right, in its discretion, to reject any and all bids and to submit a credit bid or bids for any or all of the Collateral. After receipt of bids for the Collateral in its entirety or a portion thereof, the Agent in its discretion may solicit, receive and accept bids for each item of the Collateral. Contact information: ORION PIP LLC (or any of its successors or assigns) 405 Lexington Avenue 59th Floor New York, NY 10174 E-mail: mustangforeclosure@arenaco.com Parker, Hudson, Rainer & Dobbs, LLP Attorneys for the Agent 303 Peachtree Street NE, Ste. 3600 Atlanta, GA 30308 Tel: 404-523-5300 E-mail: arenaforeclosure@phrd.com MUSTANG SPECIAL: Public Foreclosure Sale Scheduled for April 30 --------------------------------------------------------------- AI AGG SPV II, LLC, a Delaware limited liability company, as collateral agent (or any of its successors or assigns, the "Agent"), announced that it will offer for sale (the "Sale") at public auction (the "Auction") under the New York Uniform Commercial Code (the "UCC") the following property of Mustang Special Situations 1, LLC (the "MSS1 Borrower"): all Collateral, other than the Excluded Property (as that term is defined in the Credit and Security Agreement by and among the MSS1 Borrower, Mustang Creek Portfolio Management, LLC (the "Servicer"), Mustang Funding, LLC ("Mustang"), and the Agent and the Lenders party thereto, dated on or about March 31, 2022 (the "MSS1 Credit Agreement")). The Collateral to be sold at the Auction is as defined in the UCC, or, if undefined therein, in the MSS1 Credit Agreement and the other documents executed in connection with or otherwise related to the MSS1 Credit Agreement (collectively, the "MSS1 Credit Documents"). The Agent and the lenders party to the MSS1 Credit Agreement are referred to herein as the "Secured Parties." The Collateral to be sold at the Auction constitutes substantially all of the MSS1 Borrower's assets, including but not limited to, all: Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Money, Receivables, the Related Security and all other Property relating thereto, books and records pertaining to the Borrower's Collateral, all other personal property of the MSS1 Borrower, whether now owned or hereafter acquired or arising, and all Proceeds, Supporting Obligations and products of any and all of the foregoing. The bids made at the Auction must be accompanied by evidence satisfactory to the Agent, in its sole and absolute discretion, of the bidder's ability to make payment of the purchase price. Prospective bidders must also be willing to execute a confidentiality agreement before obtaining additional information. Additional terms of sale shall be provided upon request to any prospective bidder. The Agent is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by the MSS1 Borrower in connection with any bids it may make with respect to the Collateral. All of the Collateral will be sold pursuant to a bill of sale and such other appropriate transfer documents, if any, as the Agent deems appropriate on an "as is, where is" and "with faults" basis and without recourse, representations, or warranties of any kind or nature whatsoever, including, without limitation, any representation or warranty of merchantability or fitness for a particular purpose. Specifically, but without limitation of the foregoing, there will be no warranty relating to title, possession, quiet enjoyment, or the like made or given. This Auction is being held to enforce the Secured Parties' rights in the Collateral pursuant to the MSS1 Credit Agreement in order to satisfy in full the indebtedness of the MSS1 Borrower to the Secured Parties incurred pursuant to the MSS1 Credit Agreement, which indebtedness is in an amount of at least $50,457,474 (as of March 9, 2026). The Auction will take place beginning on Thursday, April 30, 2026 at 11:00 A.M. (New York, New York time) (the "Auction Date") virtually at a link to be furnished in advance to all interested parties, in accordance with the aforementioned additional terms of sale, which may be obtained by contacting the person named below. The Sale is a sale pursuant to foreclosure upon the Agent's security interests in the Collateral and will be conducted in accordance with Section 9-610 of the UCC. The Sale, if made, shall be to the highest and best bidder. All persons attending the Sale will be given an opportunity to bid on a competitive basis. The Agent may offer the Collateral for sale, and may sell the Collateral, as a unit or in parcels and by way of one or more contracts, even though the sales price thereof may be in excess of the amount remaining unpaid on the Obligations. The Agent may adjourn and recommence the Sale, in its discretion, within the legal hours for a public sale. The purchase price shall be paid in cash or certified funds at closing, which will be at the conclusion of all bidding unless otherwise agreed by the Agent at the time of sale. The Agent reserves the right, in its discretion, to reject any and all bids and to submit a credit bid or bids for any or all of the Collateral. After receipt of bids for the Collateral in its entirety or a portion thereof, the Agent in its discretion may solicit, receive and accept bids for each item of the Collateral. Contact information: AI AGG SPV II, LLC (or any of its successors or assigns) 405 Lexington Avenue 59th Floor New York, NY 10174 E-mail: mustangforeclosure@arenaco.com Parker, Hudson, Rainer & Dobbs, LLP Attorneys for the Agent 303 Peachtree Street NE, Ste. 3600 Atlanta, GA 30308 Tel: 404-523-5300 E-mail: arenaforeclosure@phrd.com MUSTANG SPECIALTY: Public Foreclosure Sale Scheduled for April 30 ----------------------------------------------------------------- ARENA MUSTANG, LLC, a Delaware limited liability company, as collateral agent (or any of its successors or assigns, the "Agent"), announced that it will offer for sale (the "Sale") at public auction (the "Auction") under the New York Uniform Commercial Code (the "UCC") the following property of Mustang Specialty Funding II, LLC ("MSF2") and TLFNJ, LLC ("TLFNJ" and, with MSF2, the "MSF2 Borrowers"): all Collateral, other than the Excluded Property (as that term is defined in the Credit and Security Agreement by and among the MSF2 Borrowers, Mustang Creek Portfolio Management, LLC (the "Servicer"), Mustang Funding, LLC ("Mustang"), and the Agent and the Lenders party thereto, dated as of March 25, 2020 (the "MSF2 Credit Agreement")). The Collateral to be sold at the Auction is defined in the UCC, or, if undefined therein, in the MSF2 Credit Agreement, and the other documents executed in connection with or otherwise related to the MSF2 Credit Agreement (collectively, the "MSF2 Credit Documents"). The Agent and the lenders party to the MSF2 Credit Agreement are referred to herein as the "Secured Parties." The Collateral to be sold at the Auction constitutes substantially all of the MSF2 Borrowers' assets, including but not limited to, all: Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Money, Receivables and all other Property relating thereto, books and records pertaining to the Borrower Collateral, all other personal property of the MSF2 Borrowers, whether now owned or hereafter acquired or arising, and, all Proceeds, Supporting Obligations and products of any and all of the foregoing. The bids made at the Auction must be accompanied by evidence satisfactory to the Agent, in its sole and absolute discretion, of the bidder's ability to make payment of the purchase price. Prospective bidders must also be willing to execute a confidentiality agreement before obtaining additional information. Additional terms of sale shall be provided upon request to any prospective bidder – see contact details below. The Agent is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by the MSF2 Borrowers in connection with any bids it may make with respect to the Collateral. All of the Collateral will be sold pursuant to a bill of sale and such other appropriate transfer documents, if any, as the Agent deems appropriate on an "as is, where is" and "with faults" basis and without recourse, representations, or warranties of any kind or nature whatsoever, including, without limitation, any representation or warranty of merchantability or fitness for a particular purpose. Specifically, but without limitation of the foregoing, there will be no warranty relating to title, possession, quiet enjoyment, or the like made or given. This Auction is being held to enforce the Secured Parties' rights in the Collateral pursuant to the MSF2 Credit Agreement in order to satisfy in full the indebtedness of the MSF2 Borrowers to the Secured Parties incurred pursuant to the MSF2 Credit Agreement, which indebtedness is in an amount of at least $24,036,870 (as of March 9, 2026). The Auction will take place beginning on Thursday, April 30, 2026 at 11:00 A.M. (New York, New York time) (the "Auction Date") virtually at a link to be furnished in advance to all interested parties, in accordance with the aforementioned additional terms of sale, which may be obtained by contacting the person named below. The Sale is a sale pursuant to foreclosure upon the Agent's security interests in the Collateral and will be conducted in accordance with Section 9-610 of the UCC. The Sale, if made, shall be to the highest and best bidder. All persons attending the Sale will be given an opportunity to bid on a competitive basis. The Agent may offer the Collateral for sale, and may sell the Collateral, as a unit or in parcels and by way of one or more contracts, even though the sales price thereof may be in excess of the amount remaining unpaid on the Obligations. The Agent may adjourn and recommence the Sale, in its discretion, within the legal hours for a public sale. The purchase price shall be paid in cash or certified funds at closing, which will be at the conclusion of all bidding unless otherwise agreed by the Agent at the time of sale. The Agent reserves the right, in its discretion, to reject any and all bids and to submit a credit bid or bids for any or all of the Collateral. After receipt of bids for the Collateral in its entirety or a portion thereof, the Agent in its discretion may solicit, receive and accept bids for each item of the Collateral. Contact information: ARENA MUSTANG, LLC (or any of its successors or assigns) 405 Lexington Avenue 59th Floor New York, NY 10174 E-mail: mustangforeclosure@arenaco.com Parker, Hudson, Rainer & Dobbs, LLP Attorneys for the Agent 303 Peachtree Street NE, Ste. 3600 Atlanta, GA 30308 Tel: 404-523-5300 E-mail: arenaforeclosure@phrd.com MY GEORGIA: To Sell Canton Property to Gabe Hrib Jr. for $225K -------------------------------------------------------------- My Georgia Plumber, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Georgia corporation. The Debtor's business is a full-service plumbing business, providing residential and commercial services including water heater repair and maintenance, water line repair and replacement, sewer and drain services, gas line installation and replacement, and commercial plumbing, among other services. The Debtor owns commercial real property in Cherokee County, Georgia located at 3050 Marietta Highway, Canton, GA 30114. The Debtor employs Paul Hanna of Jones Lang LaSalle Brokerage, Inc. and Susan Lathem of Lathem Realty, Inc. as its real estate brokers to market the Property. The Brokerage Agreement provides for a total commission of 7%, which is to be divided among the Brokers as follows: 50% payable to JLL Brokerage and 50% payable to Lathem Realty. The lienholders of the Property are: James P. Bagwell and Internal Revenue Service. The Debtor entered into a Commercial Purchase and Sale Agreement dated February 18, 2026, with Gabe Hrib, Jr. for the purchase of the Property for $225,000. Liens will continue and attach to the net proceeds of the Sale to the same validity and priority as on the Petition Date, after payment of customary Closing Costs, including the Broker’s Fees and any ad valorem tax obligations. The Debtor has marketed the Real Property to various potential buyers. Debtor shows that the transaction represents the highest and best offer available and that the Purchase Price represents the fair market value of the Real Property. The Bagwell Secured Claim will be paid in full at closing and the remainder of the Sale Proceeds will be applied to the IRS Secured Claim. The Sale represents the best attainable value for the Property. Debtor has attempted to monetize the Property and generate proceeds for parties other than Debtor's senior secured lender, Bagwell. The Sale is within the sound business judgment of the Debtor as it would remove a significant liability from the estate as well as the ongoing expenses associated with the Property. About My Georgia Plumber My Georgia Plumber, Inc., a company in Canton, Ga., filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64002) on December 1, 2025. In the petition signed by its chief executive officer, Katrina Rief-Derrico, the Debtor reported $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Judge Sage M. Sigler presides over the case. Cameron M. McCor, Esq., at Jones & Walden, LLC, is the Debtor's legal counsel. NBA AUTOMOTIVE: Plan Exclusivity Period Extended to April 26 ------------------------------------------------------------ Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for the District of Delaware extended NBA Automotive Inc. and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 26 and June 25, 2026, respectively. The Debtors explain that applying the standards shows that there is ample cause for extending exclusivity: * The necessity of additional time to conduct negotiations and to prepare adequate information. There are pending negotiations concerning leasing multiple properties in Nevada and Arizona and Debtors need to complete such negotiations. In addition, while the Debtors have secured a $500,000 commitment for exit financing, they will require inventory financing and are actively pursuing same. * Good faith progress toward a reorganization. There has been substantial progress with ongoing negotiations regarding leasing, new business locations and lines of credit. One lease has been negotiated with letters of intent for two additional locations. However, Debtors are negotiating lease terms and, moreover, need time to secure inventory financing. * Payment of bills. The Debtors have been paying post petition obligations as they come due. * Reasonable prospects for a viable plan. Due to the fact that Debtors are in negotiations regarding leasing new business locations, the approved lines of credit and the negotiations concerning inventory financing, Debtors believe that there are excellent prospects for a viable plan. * Progress in negotiations. Debtors have made substantial, material progress in that they have negotiated one lease, negotiated two letters of intent, have obtained a $500,000 exit commitment, and have made progress with respect to inventory financing. The Debtor's Counsel: Christopher Loizides, Esq. LOIZIDES, P.A. 1225 King Street Wilmington DE 19801 Tel: (302) 654-0248 E-mail: loizides@loizides.com About NBA Automotive Inc. NBA Automotive Inc., doing business as Nissani Automotive, provides vehicle rental and leasing services in Dover, Delaware, focusing on passenger cars, trucks, and utility trailers without drivers, operating within the automotive equipment rental and leasing industry. NBA Automotive Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11582) on Aug. 27, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtor is represented by Christopher Loizides, Esq. at LOIZIDES, P.A. NEUROONE MEDICAL: Implements 1-for-6 Reverse Stock Split -------------------------------------------------------- NeuroOne Medical Technologies Corporation disclosed in a regulatory filing that on April 14, 2026, it filed an amendment to its Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time, to effectuate a reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share. As previously disclosed, at its annual meeting of stockholders held on April 3, 2026, and upon the recommendation of the Company's Board of Directors, the Company's stockholders approved a certificate of amendment to effect a reverse stock split of the Common Stock at a ratio ranging from any whole number between 1-for-2 and 1-for-15, as determined by the Board in its discretion. On April 3, 2026, the Board approved a reverse stock split of the Common Stock at a ratio of 1-for-6. The Company has filed the Certificate of Amendment to effect a 1-for-6 reverse stock split of its shares of Common Stock, effective as of 5:00 p.m. Eastern Time on April 15, 2026. As a result of the Reverse Stock Split, every 6 shares of the Company's Common Stock issued or outstanding will be automatically reclassified into one validly issued, fully-paid and non-assessable new share of Common Stock, subject to the treatment of fractional shares, without any action on the part of the holders. Proportional adjustments will be made to the number of shares of Common Stock awarded and available for issuance under the Company's equity incentive plans, as well as the exercise price and the number of shares issuable upon the exercise or conversion of the Company's outstanding stock options and other equity securities under the Company's equity incentive plans. All outstanding warrants will also be adjusted in accordance with their terms. The shares of Common Stock outstanding following the Reverse Stock Split will remain fully paid and non-assessable. The Reverse Stock Split will not affect the number of authorized shares of Common Stock or the par value of the Common Stock. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive fractional shares as a result of the Reverse Stock Split will automatically be entitled to receive a cash payment equal to the market value of the fractional share. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's relative interest in the Company's equity securities, except for any adjustments for fractional shares. Trading of the Common Stock on The Nasdaq Capital Market commenced on a split-adjusted basis at market open on April 16, 2026, under the existing trading symbol "NMTC." The new CUSIP number for the Company's Common Stock following the Reverse Stock Split will be 64130M308. A full text copy of the Certificate of Amendment is available https://tinyurl.com/4c9x2hvt About NeuroOne Medical Technologies Headquartered in Eden Prairie, Minnesota, NeuroOne Medical Technologies Corporation -- https://nmtc1.com/ -- is a medical technology company focused on (i) diagnostic, ablation and deep brain stimulation technology for brain related conditions such as epilepsy and Parkinson's disease; (ii) ablation and stimulation for pain management throughout the body; and (iii) drug delivery including diagnostic and stimulation capabilities. The Company is developing and commercializing thin film electrode technology for continuous electroencephalogram ("cEEG") and stereoelectrocencephalography ("sEEG"), spinal cord stimulation, brain stimulation, drug delivery and ablation solutions for patients suffering from epilepsy, Parkinson's disease, dystonia, essential tremors, chronic pain due to failed back surgeries and other pain-related neurological disorders. The Company is also developing the capability to use its sEEG electrode technology to deliver drugs or gene therapy while being able to record brain activity before, during, and after delivery. Additionally, the Company is investigating the potential applications of its technology associated with artificial intelligence. Minneapolis, Minnesota-based Baker Tilly US, LLP, the Company's auditor since 2021, issued a "going concern" qualification in its report dated Dec. 17, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025, citing that had recurring losses from operations and an accumulated deficit, expects to incur losses for the foreseeable future and requires additional working capital. These are the reasons that raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $8.6 million in total assets, $2.2 million in total liabilities, and $6.4 million in total stockholders' equity. NEW FORTRESS: Secures $5-Mil. Senior Secured Brazil Bridge Facility ------------------------------------------------------------------- New Fortress Energy Inc. disclosed in a regulatory filing that NFE Brazil Holdings Limited, an exempted company limited by shares incorporated under the laws of Bermuda and an indirect subsidiary of the Company, entered into a credit agreement with Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent, and the lenders party thereto. The Brazil Bridge Credit Agreement provides for a senior secured, multiple draw term loan facility of $50,000,000. The Brazil Bridge Term Loan Facility matures on the earliest to occur of: (a) the closing date of any refinancing of NFE Brazil Financing Limited's 15% senior secured notes due 2029, (b) the date on which the RSA is terminated with respect to the members of the PW/PWP AHG (as defined in the RSA), (c) the Restructuring Effective Date (as defined in the RSA), or (d) September 15, 2026 (the "Stated Maturity Date", unless the Long-Stop Date (as defined in the RSA) is extended to either December 14, 2026 or December 31, 2026, in each case pursuant to the terms of the RSA, in which case the Stated Maturity Date shall be December 14, 2026 or December 31, 2026, as applicable. The initial and subsequent funding of the Brazil Bridge Term Loan Facility is subject to certain customary conditions. The obligations under the Brazil Bridge Credit Agreement are secured by substantially all assets of NFE Brazil (including a pledge of the equity interests held by NFE Brazil in Hygo Energy Transition Ltd.). The Brazil Bridge Term Loan Facility bears interest at a rate of 10% paid-in-kind per annum, capitalized on the last business day of March, June, September and December of each year, commencing on the first such date to occur after the closing date of the Brazil Bridge Term Loan Facility. NFE Brazil may prepay the Brazil Bridge Term Loan Facility at its option without premium or penalty at any time subject to customary conditions. In addition, NFE Brazil will be required to prepay the Brazil Bridge Term Loan Facility upon the occurrence of certain events (subject to certain premiums as applicable and set forth in the Brazil Bridge Credit Agreement), including any change of control and the incurrence or issuance of indebtedness by NFE Brazil or any of its subsidiaries, subject to certain exceptions. The Brazil Bridge Credit Agreement contains usual and customary representations and warranties, and usual and customary affirmative and negative covenants, in each case, subject to applicable materiality qualifiers, thresholds and exceptions as set forth in the Brazil Bridge Credit Agreement. The affirmative covenants include, among other things: * the delivery of financial statements and notices; * payment of taxes and other obligations; * preservation of existence; * compliance with applicable laws and regulations; * maintenance of properties and insurance; * maintenance of books and records; use of proceeds; * compliance with anti-corruption laws; * and further assurances for collateral. The negative covenants include, among other things: * limitations on restricted payments, dividends, and other payment restrictions affecting subsidiaries; * incurrence of indebtedness; * asset sales; * transactions with affiliates; * liens; * mergers, consolidations, or sales of all or substantially all assets; * amendments to organizational documents of NFE Brazil, in each case, adverse to the lenders; * accounting changes; * burdensome agreements that limit the ability of NFE Brazil to create or incur liens on its property to secure the obligations under the Brazil Bridge Term Loan Facility; * prepayments of other indebtedness for borrowed money of NFE Brazil (other than regularly scheduled principal and interest); and * amendments to any indebtedness for borrowed money of NFE Brazil or its subsidiaries in any manner materially adverse to the interests of the lenders. In addition, NFE Brazil is subject to further undertaking to conduct its business and operations separate and apart from that of any other person (except as specified in the Brazil Bridge Credit Agreement). The Brazil Bridge Credit Agreement includes usual and customary events of default, subject to grace periods, where applicable. These include, among other things: * non-payment of principal, interest, fees, or other amounts; * material breach of a representation or warranty; * covenant defaults; * cross-default with respect to other material debt; * material judgments; * bankruptcy or insolvency; * ERISA-related defaults; and * impairment of security. Amendment to Restructuring Support Agreement On April 14, 2026, the Company and certain of its subsidiaries entered into the Amendment to and Consent Under Restructuring Support Agreement, by and among the Company, certain of its subsidiaries, and certain of its lenders and noteholders, which amends the RSA. The RSA Amendment, among other things, obtains the Supporting Creditors' (as defined in the RSA) consent to NFE Brazil's: (i) entry into the Brazil Bridge Credit Agreement and the other documents entered into in connection therewith by NFE Brazil or any other member of the Group (as defined in the RSA), (ii) incurrence of indebtedness under the Brazil Bridge Credit Agreement, (iii) granting, creation or incurrence of liens on the Collateral (as defined in the Brazil Bridge Credit Agreement) to secure the obligations under the Brazil Bridge Credit Agreement, and (iv) use of proceeds of the Brazil Bridge Term Loan Facility for general corporate purposes and operational expenditures as further described in the Brazil Bridge Credit Agreement, including, but not limited to, the use of certain of the proceeds from the initial draw of the Brazil Bridge Term Loan Facility to repay part of the outstanding liquefied natural gas payables at CoreCo (as defined in the RSA). Amendment to Letter of Credit Facility Forbearance Agreement On April 14, 2026, the Company and certain of its subsidiaries entered into the Amendment to and Consent Under Forbearance Agreement, by and among the Company, certain of its subsidiaries as guarantors party thereto, the lenders party thereto, and Natixis, which amends the LCF Forbearance Agreement. The LCF Forbearance Amendment, among other things, obtains the Forbearing Lenders' (as defined in the LCF Forbearance Agreement) consent to NFE Brazil's: (i) entry into the Brazil Bridge Credit Agreement and the other documents entered into in connection therewith by NFE Brazil, (ii) incurrence of indebtedness under the Brazil Bridge Credit Agreement, (iii) granting, creation or incurrence of liens on any property or assets of NFE Brazil to secure the obligations under the Brazil Bridge Credit Agreement, and (iv) use of proceeds of the Brazil Bridge Term Loan Facility for general corporate purposes and operational expenditures as further described in the Brazil Bridge Credit Agreement, including, but not limited to, the use of certain of the proceeds from the initial draw of the Brazil Bridge Term Loan Facility to repay part of the outstanding liquefied natural gas payables at CoreCo (as defined in the RSA). About New Fortress Energy Inc. New Fortress Energy Inc., a Delaware corporation, is a global energy infrastructure company founded to help address energy poverty and accelerate the world's transition to reliable, affordable and clean energy. The Company owns and operates natural gas and liquefied natural gas infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. The Company has liquefaction, regasification and power generation operations in the United States, Jamaica, Brazil and Mexico. The Company has marine operations with vessels operating under time charters and in the spot market globally. Philadelphia, Pennsylvania-based Ernst & Young LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated April 13, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered losses from operations, has experienced events of default under its debt agreements, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $10.6 billion in total assets, $10.2 billion in total liabilities, and $309.6 million in total stockholders' equity. * * * In November 2025, S&P Global Ratings lowered its issuer credit rating on New Fortress Energy Inc. (NFE) to 'SD' (selective default) from 'CCC'. At the same time, S&P lowered its issue level rating on NFE's 12% senior secured notes due 2029 to 'D' from 'CCC-'. The downgrade reflects NFE's decision to enter into a forbearance agreement. S&P will reevaluate its ratings on NFE before the end of November as more information becomes available. The Company has initiated a process to evaluate its strategic alternatives to improve its capital structure. It has retained Houlihan Lokey Capital, Inc. as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor to assist it in this evaluation. The Company, along with its advisors, is considering all options available, including asset sales, capital raising, debt amendments and refinancing transactions, and other strategic transactions that seek to provide additional liquidity and relief from acceleration under its debt agreements. As part of this process, the Company is engaging in discussions with various existing stakeholders and potential investors. There are inherent uncertainties as the outcome of these negotiations and potential transactions are outside management's control, and therefore there are no assurances that management will be successful in these negotiations and that any of these potential transactions will occur. In addition, there can be no assurances that these transactions will sufficiently improve the Company's liquidity or that the Company will otherwise realize the anticipated benefits. Moreover, if the Company fails to obtain amendments and forbearance, the Company may be required or compelled to pursue additional restructuring initiatives to preserve value and optionality, including possible out-of-court restructurings, or in-court relief, which could have a material and adverse impact on the Company's stockholders. NEW YORK BEACH: Receiver Excused From Turnover Compliance --------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York entered an order excusing Michael Sepe, State Court Receiver, from turnover compliance pursuant to Section 543 of the Bankruptcy Code in the bankruptcy case of New York Beach Club Ltd. Carver Federal Savings Bank filed a Motion for an Order (A)(I) Appointing Chapter 11 Trustee or, Alternatively, (II) Converting Debtor's Case or, Alternatively, (III) Vacating the Automatic Stay and Excusing the Receiver's Compliance with 11 U.S.C. Sec. 543 (the "Trustee/Conversion/Excuse Receiver Compliance Motion"). The Debtor objected to the Trustee/Conversion/Excuse Receiver Compliance Motion. The Debtor filed a Motion to Compel Turnover of Property of the Estate and Direct State Court Receiver to Immediately Comply Pursuant to Section 543 of the Bankruptcy Code (the "Turnover Motion"). The Receiver objected to the Turnover Motion. To the extent the Trustee/Conversion/Excuse Receiver Compliance Motion seeks the appointment of a Chapter 11 operating trustee or the conversion of either or both Debtor's Chapter 11 case to Chapter 7, the motion for these forms of relief as originally sought by Carver are deemed withdrawn without prejudice by Carver's assignee, the Lender. The Turnover Motion is denied. To the extent the Trustee/Conversion/Excuse Receiver Compliance Motion seeks to modify the automatic stay pursuant to Bankruptcy Code Sec. 362(d)(1) in order to allow the Receiver to remain in place and in possession of certain property of the Debtors and excuse the Receiver's compliance with turnover requirements pursuant to Bankruptcy Code Sec. 543(d), that motion is granted in both cases as further provided herein. The Receiver is authorized to continue to remain in possession and sole control of all funds of the Debtors, including but not limited to partial deposits and payments in full of all Beach Club members for the 2026 summer season with authorization to use such funds as he deems reasonably necessary to prepare and open the Beach Club for the 2026 summer season. A copy of the Court's Order dated April 10, 2026, is available at http://urlcurt.com/u?l=Wg9CKffrom PacerMonitor.com. About New York Beach Club Ltd. New York Beach Club, Ltd. operates a private seasonal beach club and oceanfront social venue at 1751 Ocean Boulevard in Atlantic Beach, New York. The company manages the club's facilities, including cabanas, pools, dining, and recreational amenities, under a non-residential lease from the property owner, Ocean Blvd., LLC. It functions as a hospitality and leisure services entity within the private beach club and resort sector. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70576) on February 10, 2026, with $902,221 in assets and $17,267,359 in liabilities. Alexander Jacobson, president, signed the petition. Judge Louis A. Scarcella presides over the case. Fred S. Kantrow, Esq., at The Kantrow Law Group, PLLC represents the Debtor as bankruptcy counsel. NEWKIRK LOGISTICS: Seeks to Hire Ray Cook as Tax Accountant ----------------------------------------------------------- Newkirk Logistics, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Ray Cook, a certified public accountant, to serve as tax accountant. Mr. Cook will provide these services: (a) creating and reviewing debtor's financial statements; (b) compiling and preparing payroll and sales tax reports when due; (c) providing end-of-year accounting services; Mr. Cook will receive a flat fee of $3,300. Ray Cook is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings. The professional can be reached at: Ray Cook, CPA 317 Main Street Winthrop, ME 04364 About Newkirk Logistics, Inc. Newkirk Logistics, Inc. operates a nationwide trucking business. Newkirk Logistics sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-40551-11) on February 4, 2025, with up to $10 million in both assets and liabilities. Barry Newkirk, president of Newkirk Logistics, signed the petition. Judge Mark X. Mullin oversees the case. Robert A. Simon, Esq., at Whitaker Chalk Swindle and Schwartz, represents the Debtor as legal counsel. NUSSBAUM LOWINGER: Commences Chapter 11 Bankruptcy in New York -------------------------------------------------------------- On April 16, 2026, Nussbaum Lowinger LLP filed for Chapter 11 protection in the Southern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $100MM and $500MM in debt owed to 100–199 creditors. About Nussbaum Lowinger LLP Nussbaum Lowinger LLP is a professional services firm operating as a limited liability partnership, typically engaged in legal advisory and related services for corporate and institutional clients. Nussbaum Lowinger LLP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22383) on April 16, 2026. In its petition, the Debtor reports estimated assets of $10MM–$50MM and estimated liabilities of $100MM–$500MM. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Jonathan L. Flaxer, Esq. of Spencer Fane LLP. NV FREIGHT: Robert Handler Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 11 appointed Robert Handler of Commercial Recovery Associates, LLC as Subchapter V trustee for NV Freight, Inc. Mr. Handler will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Handler declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robert P. Handler Commercial Recovery Associates, LLC 205 West Wacker Drive, Suite 918 Chicago, IL 60606 Tel: (312) 845-5001 x221 Email: rhandler@com-rec.com About NV Freight Inc. NV Freight, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-06189) on April 8, 2026, with $1 million to $10 million in both assets and liabilities. Judge Nancy A. Peterman presides over the case. Saulius Modestas, Esq., at Modestas Law Offices, P.C. represents the Debtor as bankruptcy counsel. OCUGEN INC: Millennium Management Holds 5.2% Equity Stake --------------------------------------------------------- Millennium Management LLC, together with Millennium Group Management LLC and Israel A. Englander, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of March 31, 2026, they beneficially own 17,074,584 shares of Ocugen, Inc.'s Common Stock, par value $0.01 per share, representing 5.2% of the shares outstanding. The securities are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC and Mr. Englander. The Reporting Persons disclaim beneficial ownership of the securities held by such entities except to the extent of any pecuniary interest. Millennium Management LLC may be reached through: Gil Raviv, Global General Counsel 399 Park Avenue New York, New York 10022 Tel: (212) 841-4100 A full-text copy of Millennium Management LLC's SEC report is available at: https://tinyurl.com/ms6ak87d About Ocugen Inc. Malvern, Pa.-based Ocugen, Inc. is a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines that improve health and offer hope for patients across the globe. The Company's technology pipeline includes: Modifier Gene Therapy Platform, Novel Biologic Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy Platform, and Inhaled Mucosal Vaccine Platform. PricewaterhouseCoopers LLP (the Company's independent registered public accounting firm since 2024 and headquartered in Philadelphia, Pennsylvania) included an explanatory paragraph in its audit report attached to the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has incurred recurring net losses since inception that raise the doubt of its ability to continue as a going concern. As of December 31, 2025, the Company had $43.5 million in total assets, $55.7 million in total liabilities, and $12.2 million in total stockholders' deficit. ODYSSEY MARINE: Provides Update on Proposed Merger With AOM ----------------------------------------------------------- Odyssey Marine Exploration, Inc. disclosed in a regulatory filing that the Company and American Ocean Minerals Corporation hosted a joint investor webcast to discuss their previously announced proposed merger. The call provided additional detail on the transaction structure, financing, strategy, and operational integration of the combined company, which is expected to close in late Q2 or early Q3 2026, subject to regulatory and shareholder approvals. During the webcast, management emphasized that the merger will create a U.S.-controlled deep-sea critical minerals platform focused on polymetallic nodules containing nickel, cobalt, copper, manganese, and rare-earth elements. The companies highlighted that the combined entity will control more than 500,000 square kilometers of prospective seabed areas across the Cook Islands EEZ and U.S.-permitted regulatory pathways, with a dual-track regulatory strategy involving both NOAA permitting in the United States and Cook Islands seabed mineral licensing. Management disclosed that the transaction is supported by over $230 million in total equity capital, including an oversubscribed $156 million PIPE financing and approximately $76 million in bridge financing, which is available to the company right now. The company stated that this capital base is expected to be sufficient to execute near-term development plans without requiring additional immediate financing. The webcast further highlighted that Odyssey brings over 30 years of deep-sea exploration and subsea robotics experience, including operations at depths of up to 6,000 meters and extensive datasets supporting resource identification. AOM and its partners have conducted multi-year exploration programs in the Cook Islands region, with reported inferred and indicated resource estimates in the billions of tons across licensed areas. Management also outlined a phased operational strategy beginning with capital-light processing using existing U.S. and allied infrastructure, followed by longer-term vertical integration. Each production vessel is expected to process approximately 1–2 million dry tons annually, with scaling through a fleet model over time. The companies reiterated that environmental considerations and regulatory compliance remain central to the project, citing decades of scientific study of polymetallic nodules and ongoing environmental monitoring programs in the Cook Islands and other jurisdictions. Finally, management emphasized that the combined leadership team includes experienced executives and advisors from mining, offshore engineering, capital markets, and public policy, and that the merger is intended to address growing global demand for critical minerals driven by electrification, AI infrastructure, and supply chain security concerns. A full text copy of the transcript of the joint conference call is available at https://tinyurl.com/mr2x5d6e About Odyssey Marine Odyssey Marine Exploration, Inc. and its subsidiaries are engaged in deep-ocean exploration. Their innovative techniques are currently applied to mineral exploration and other marine survey and contracted services. The corporate headquarters are in Tampa, Florida. Tampa, Florida-based Grant Thornton LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company incurred a net loss of $48.5 million during the year ended December 31, 2025, and as of that date, the Company's current liabilities exceeded its current assets by $7.3 million, and its total liabilities exceeded its total assets by $75.5 million. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $15.8 million in total assets, $91.4 million in total liabilities, and $75.5 million in total stockholders' deficit. OFFICE PROPERTIES: Judge Greenlights Chapter 11 Plan Confirmation ----------------------------------------------------------------- Emlyn Cameron of Law360 reports that on Wednesday, April 22, 2026, a Texas bankruptcy judge said he intends to confirm the Chapter 11 plan put forward by Office Properties Income Trust, rejecting objections related to the analyses underpinning the proposal. The court's decision removes a major obstacle to the company's reorganization. Creditors and other parties had raised concerns about the reliability of the financial models used to support the plan, but the judge found those challenges unpersuasive. He concluded that the plan satisfied the necessary legal requirements despite the disputes. As a result, Office Properties Income Trust is set to proceed with its restructuring, which seeks to reorganize its finances and preserve its portfolio of office properties across the country. The confirmation marks a critical milestone in the bankruptcy case, the report states. 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. OMNI HOTELS: Parent Seeks Receivership of Greenbrier Resort ----------------------------------------------------------- Rebecca Stalnaker of The West Virginia Daily News reports Omni Hotels & Resorts's corporate parent has asked a federal court to install a receiver at The Greenbrier, alleging that the Justice family improperly diverted funds and failed to meet financial obligations. The allegations center on alleged misuse of operating revenues. The motion was filed by White Sulphur Springs Holding LLC, a subsidiary of TRT Holdings, in the Southern District of West Virginia. The company recently became the resort's principal lender after purchasing more than $200 million in secured debt, the report relays. According to court filings, the resort has outstanding tax liabilities, unpaid employee benefit contributions, and maintenance concerns. The complaint further alleges that revenues were transferred to other businesses controlled by the Justice family. The Greenbrier, established in 1778 and long associated with West Virginia tourism, was purchased in 2009 by Senator Jim Justice. The family has not yet issued a formal response to the latest court filing, the report states. About Omni Hotels & Resorts Omni Hotels & Resorts is a luxury hospitality company that operates a portfolio of high-end hotels and resorts across the United States, Canada, and select international locations. The company is known for its upscale accommodations, conference facilities, golf resorts, and destination properties in major urban and leisure markets. ORFEDOR INC: Seeks 60-Day Extension of Plan Filing Deadline ----------------------------------------------------------- Orfedor Inc. asked the U.S. Bankruptcy Court for the Central District of California to extend its exclusivity period to file a plan of reorganization for additional sixty days. The Debtor is an LLC. The CEO is Peter Marshall. Debtor owns 3 parcels of land which are adjacent to each other in the Venice, CA area. Parcel 1 is located at 3538 Grand View Blvd., Los Angeles, CA 90066. Parcel 2 is located at 3530 Grand View Blvd., Los Angeles, CA 90066. Parcel 3 is located at 3528 Grand View Blvd., Los Angeles, CA 90066. Since the filing of the case, Debtor, through its authorized representatives, has worked with architects, lenders, and possible investors in order to determine the best course of action to formulate an exit strategy in the best interest of Debtor and its creditors. The Debtor explains that it seeks a 60-day extension of the exclusivity period for Debtor to file a plan due to the need to further explore various options for an exit strategy. Debtor's initial strategy for the plan recently changed and Debtor seeks to propose a plan with a new strategy which requires additional time to obtain miscellaneous pieces of evidence to support the plan, including obtaining expert opinions of value and options for possible development options. Orfedor Inc. is represented by: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: (213) 202-6070 Fax: (213) 202-6075 About Orfedor Inc. Orfedor Inc. is a California-based company engaged in the manufacturing and distribution of orthopedic footwear and related medical support products. The company focuses on designing and supplying specialty shoes and inserts intended to address foot and mobility conditions. Orfedor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21073) 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 Julia W. Brand. The Debtor is represented by Thomas B. Ure, Esq. of Ure Law Firm. PACIFIC RIM: Heritage Brand Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------------------- Cyril Penn of Wine Business reports that the holding company behind Pacific Rim Winemakers, Inc. has sought Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York, with plans to liquidate its assets, including wine inventory, equipment, and real estate. The brand is owned by Banfi Wines. Filings indicate the company holds between $1 million and $10 million in both assets and liabilities. A creditors' meeting is scheduled for April 23, 2026, at 2:00 p.m. The West Richland, Washington facility, spanning 26,000 square feet, now faces operational uncertainty as production has declined from prior levels near 400,000 cases annually. Workforce reductions have left just two employees managing the site, according to report. Founded by Randall Grahm in 1992, Pacific Rim specialized in Riesling wines, primarily white varietals from the Columbia Valley. Banfi Wines acquired the brand in 2011. CEO Cristina Mariani-May attributed the downturn to shifting consumer preferences away from wine, as well as economic pressures such as inflation, tariffs, and industry oversupply, the report relays. About Pacific Rim Winemakers, Inc. Pacific Rim Winemakers, Inc. doing business as Pacific Rim & Company, is a West Richland, Washington-based wine producer that makes Riesling-focused wines ranging from dry to dessert styles. A member of Banfi Vintners' U.S. portfolio, the company produces labels including Pacific Rim Dry Riesling, Rainstorm, Silver Raven, and Thick Skinned from grapes sourced in the Columbia and Yakima valleys. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 26-71230) on March 30, 2026. In the petition signed by Cristina Mariani-May, vice president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Sheryl P. Giugliano oversees the case. Alex Spizz, Esq.,at TARTER KRINSKY & DROGIN LLP, represents the Debtor as legal counsel. PAVMED INC: Tasso Partners Report 14.3% Equity Stake ---------------------------------------------------- Tasso Partners, LLC and Dana Carrera, disclosed in a Schedule 13G (Amendment No. 2) filed with the U.S. Securities and Exchange Commission that as of March 27, 2026, they beneficially own the following of PAVmed Inc.'s Common Stock, par value $0.001 per share: * Tasso Partners, LLC: 912,996 shares, representing 14.3% of the shares outstanding. * Dana Carrera: 974,246 shares, representing 15.3% of the shares outstanding. Tasso Partners, LLC directly holds 912,996 shares of common stock. Dana Carrera controls Tasso Capital, LLC, which controls Tasso Partners, LLC, and therefore may be deemed to beneficially own those shares. In addition, Dana Carrera beneficially owns 61,250 shares held by the GCL Family Trust (of which she is trustee), giving her sole voting and dispositive power over those shares. The percentages are calculated based on 6,383,089 shares of common stock outstanding as of March 27, 2026, as reported in the Issuer's Form 10-K. Tasso Partners, LLC may be reached through: Dana Carrera Manager of Tasso Capital, LLC P.O. Box 503, Rumson, NJ 07760 Tel: 347-986-0729 A full-text copy of Tasso Partners, LLC's SEC report is available at: https://tinyurl.com/2etxka8a About PAVmed PAVmed operates through multiple subsidiaries, including Lucid Diagnostics, which markets the EsoGuard test and EsoCheck device, and Veris Health, which focuses on digital tools for personalized cancer care. The company is also advancing its PortIO implantable vascular access device and developing endoscopic imaging technology licensed from Duke University. The New York-based life sciences company reported total assets of $38.81 million, total liabilities of $16.51 million and stockholders' equity of $22.30 million as of Dec. 31, 2025. CBIZ CPAs P.C., in its March 27, 2026 audit report, issued a going-concern qualification, citing a significant working capital deficit, recurring losses and the need to raise additional funds. These conditions, the report notes, raise substantial doubt about the company's ability to continue operating. PHOENIX FUND: Court Upholds Appointment of Driven as Receiver ------------------------------------------------------------- Judge Enrique S. Lamoutte of the U.S. Bankruptcy Court for the District of Puerto Rico denied the motion for reconsideration filed by The Phoenix Fund LLC (the "Fund" or "Debtor") of the Court's Receivership Order. The motion for stay pending appeal filed by The Phoenix Fund Advisors LLC ("TPF Advisor" or "TPFA") is also denied. On March 11, 2026, the court entered an Opinion and Order finding that Driven is the entity vested with authority to file a bankruptcy petition on behalf of the Fund and act as debtor-in-possession therein, and holding that automatic stay is inapplicable to the Enforcement Action, including the enforcement of the Amended Complaint and Receiver Order, the Consent Order, and the appointment of Driven as Receiver with authority act as debtor-in-possession. On March 25, 2026, the Fund filed the Motion for Reconsideration wherein it asserts that the Office of the Commissioner of Financial Institutions of Puerto Rico ("OCIF") does not have statutory power to appoint a receiver because the receivership order was interim, and what happened is that the Receivership Order was never carried into effect. The Fund argues that the pecuniary purpose test does not apply where the governmental action relates primarily to a pecuniary interest in estate property rather than to matters of public safety; and the public policy test does not apply to proceedings that effectuate public policy but does not extend to proceedings that adjudicate private rights. They also argue that because the Puerto Rico Department of Economic Development and Commerce ("DDEC") revoked the Fund's Act 60 tax decree following entry of this court's Opinion and Order, the Fund is no longer subject to OCIF's regulatory regime or authority. Debtor requests that the court (1) vacate the Opinion and Order or (2) schedule a hearing to discuss all relevant facts and arguments. On March 30, 2026, TPF Advisor filed a Motion for Stay Pending Appeal averring that the Opinion and Order was issued in violation of 11 U.S.C. Secs. 1101(1) and 1104, and Fed. R. Bankr. P. 9001(5); that Driven lacked actual control over the Fund; that the Receivership Order lacks legal or regulatory foundation, and OCIF lacks legal or statutory power to impose an administrative receivership over the Debtor because the Office of the Commissioner of Financial Institutions Act, Act No. 4-1985, strictly limits OCIF's jurisdiction to a taxative list of "financial institutions" and "private capital fund" organized under Act No. 185-2014 or Act No. 60-2019 is not included in that list; that OCIF's jurisdiction is limited to examinations, inspections, and compliance-related measures; that TPF Advisor was not properly brought into the administrative proceeding before OCIF; that the Fund will be irreparably harmed because it will be liquidated; that OCIF will suffer no harm if the court maintains the status quo pending appeal because the automatic stay does not prevent OCIF from investigating the Fund, issuing findings, imposing fines, revoking licenses, pursuing cease and desist orders, or taking any other regulatory action within its mandate; and, that no state regulator or administrative proceeding may override the Bankruptcy Code or displace a federal bankruptcy court. TPF Advisor also argues that the Enforcement Action violates both tests for the police power exception. Under the pecuniary purpose test, the exception does not apply where the action primarily relates to estate property rather than public safety; and, under the public policy test, the exception applies only where the action effectuates public policy rather than adjudicating private rights. TPF Advisor asserts that the Enforcement Action is a parallel liquidation proceeding operating outside the Bankruptcy Code, which does not establish or enforce regulatory standards. Driven is the entity vested with authority to file a bankruptcy petition on behalf of the Fund and act as debtor-in-possession therein. TPF Advisor has recognized that it was vested with exclusive authority over the management, operation, and control of the Fund prior to the receivership. Driven and OCIF have acknowledged that the Fund's petition for relief was unauthorized. It follows that the Fund is not authorized to file the Motion for Reconsideration or to prosecute it, as argued by both OCIF and Driven. According to the court, irrespective of whether the Fund has standing to pursue reconsideration, the Motion for Reconsideration would still be denied for lack of good cause because it does not support or otherwise meet the requirements for relief under Fed. R. Civ. P. 59 or 60. The Fund argues that newly discovered evidence, that is, the revocation of the Fund's tax decree, warrants reconsideration as OCIF no longer has authority or jurisdiction over the Fund. The forgoing argument should be raised in the Enforcement Action before OCIF, which is the proper forum, not this court. The Fund also argues that this court has made a manifest error of law by overriding 11 U.S.C. Sec. 1104. The forgoing authority, which concerns the post-petition appointment of a trustee or examiner, is inapplicable to whether the police power exception of the automatic stay was and is applicable to the Enforcement Action, and whether a receiver appointed pre-petition by virtue of an administrative proceeding has standing to act as debtor-in-possession. The motion for reconsideration does include additional information and legal support for the Fund's position, but the same does not establish any manifest error of law or fact. Therefore, the the court declines to reconsider its decision that the "automatic stay is inapplicable to the continued prosecution of the Enforcement Action in the OCIF's administrative forum, including the enforcement of the Amended Complaint and Receiver Order, the Consent Order, and the appointment of Driven, P.S.C., as Receiver with authority act as debtor-in-possession, pursuant to 11 U.S.C. Sec. 362(b)(4)." With respect to the issue of stay pending appeal, and irrespective of TPF Advisor's standing, TPF Advisor has not met its burden. The court finds TPF Advisor has failed to show success on the merits; that it will be irreparably harmed absent a stay because its available legal remedies are inadequate; that issuance of a stay pending appeal will not harm other parties; or, that public interest favors a stay. A copy of the Court's Opinion and Order dated April 15, 2026, is available at http://urlcurt.com/u?l=fwXjEdfrom PacerMonitor.com. About The Phoenix Fund LLC The Phoenix Fund LLC is a Puerto Rico based private equity firm formed in 2018 and headquartered in Guaynabo, Puerto Rico. The company focuses on making strategic equity and debt investments in privately held businesses in Puerto Rico and international markets. Phoenix Fund LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00712) on February 23, 2026. Honorable Bankruptcy Judge Enrique S. Lamoutte Inclan handles the case. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. The Debtor is represented by Alexis Fuentes Hernandez, Esq. of Fuentes Law Offices, LLC. PIVOTAL MED: Counterclaims in Next Science Adversary Case Tossed ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas granted the motion filed by Next Science, LLC to dismiss Pivotal Med Supply, LLC's counterclaims in the adversary proceeding captioned as NEXT SCIENCE, LLC, Plaintiff, v. PIVOTAL MED SUPPLY, LLC, Defendant, Adversary No. 25-04036 (Bankr. N.D. Tex.). Each of Debtor's counterclaims is dismissed with prejudice. Pursuant to the Dismissal Motion, Next Science, LLC requests the dismissal of each of the counterclaims (the "Counterclaims") asserted by Pivotal Med Supply, LLC (the "Defendant") against Plaintiff within Debtor Pivotal Med Supply, LLC's Answer to First Amended Complaint, Affirmative Defenses, and Counterclaims (the "Answer"), asserting in each case that the Defendant has failed to state a claim for which relief can be provided. On or about May 15, 2024, Plaintiff initiated litigation against Defendant and several others in the Circuit Court of the Fourth Judicial Circuit in and for Duval County, Florida (the "State Court"), under Case No. 16-2024-CA-002665-AXXX-MA (the "State Court Case"). On June 18, 2024, Plaintiff filed its Verified Amended Complaint for Injunctive Relief, Damages, and Attorneys' Fees in the State Court Case (the "Amended Complaint"). On January 23, 2025, Defendant filed a voluntary petition for relief under chapter 11 (subchapter V) of the Bankruptcy Code with this Court, thereby initiating Case No. 25-40248 (the "Bankruptcy Case"). On the same date, Defendant filed a Notice of Removal with the United States Bankruptcy Court for the Middle District of Florida (the "Florida Bankruptcy Court") to remove all of the claims and causes of action pending in the State Court Case to the Florida Bankruptcy Court pursuant to 28 U.S.C. Sec. 1452(a), thereby initiating Adversary No. 3:25-mp00001-BAJ with the Florida Bankruptcy Court (the "Florida Adversary"). On or about March 5, 2025, the Florida Bankruptcy Court entered an Order Granting Emergency Motion of Debtor Pivotal Med Supply, LLC to Transfer Venue of Adversary Proceeding pursuant to which the Florida Adversary was transferred to this Court and re-docketed on March 7, 2025, as this Adversary, Adversary No. 25-04036. On April 8, 2025, Defendant filed its Answer in response to the Amended Complaint. Within the Answer, Defendant has asserted the following Counterclaims against Plaintiff: Count I: Abuse of Process; and Count II: Violation of Section 1 of the Sherman Act (15 U.S.C. Sec. 1). Within the portion of its Answer committed to the Counterclaims, Defendant alleges that the Plaintiff systematically entered into employment agreements with its employees (the "Employment Agreements") that include restrictive, anti-competitive covenants (the "Restrictive Covenants"). The Restrictive Covenants preclude employees, upon the termination of employment with the Plaintiff and for a period of time defined as the Restrictive Period, from directly or indirectly working for or providing services to a competing organization with or relating to a Competing Product, which is defined as relating to biofilm eradication technology. Pursuant to the Dismissal Motion, Plaintiff asserts that Defendant has failed to allege facts within the Answer that, taken as true, satisfy the first element of the claim -- the illegal, improper, or perverted use of process. The Court agrees. Pursuant to the Dismissal Motion, Plaintiff asserts that Defendant's Sherman Act Counterclaim is deficient for at least the following three reasons: (i) the Defendant has failed to identify any contract, combination, or conspiracy in restraint of trade or commerce; (ii) the Defendant has failed to adequately allege an undue restraint on trade that would pass muster under the rule of reason, noting, among other things, that the Defendant has not plausibly defined the relevant product and geographical markets at issue; and (iii) the Defendant has failed to plausibly allege an antitrust injury. The Court agrees on all fronts. Defendant asserts that Plaintiff's actions have had a negative effect upon trade and commerce involving products other than products related to biofilm eradication technology. According to Defendant, however, the Restrictive Covenants of the Employment Agreements do not restrict any action with respect to products other than products related to biofilm eradication technology. Thus, because Defendant has failed to plausibly allege an antitrust injury caused by the Employment Agreements, the Sherman Act Counterclaim must be dismissed, the Court concludes. The Court finds cause to grant the Dismissal Motion and dismiss each of the Counterclaims pursuant to Federal Rule 12(b)(6) for failure to state a claim for which relief may be granted. A copy of the Court's Memorandum Opinion and Order dated April 13, 2026, is available at http://urlcurt.com/u?l=mfZ444from PacerMonitor.com. About Pivotal Med Supply, LLC Pivotal Med Supply LLC headquartered in Southlake, Texas, operates as a supplier of advanced surgical dressings and medical supplies, including alginate, collagen, foam, hydrocolloid, and hydrogel dressings, bandages, gauze, and tape products. Pivotal Med Supply LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40248) on January 23, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Richard G. Grant, Esq., at Culhane Meadows, PLLC, in Dallas, Texas. PLAZA 106: Seeks Approval to Hire Valerga LLP as Counsel -------------------------------------------------------- Plaza 106, LLC seeks approval from the United States Bankruptcy Court for the District of Utah to employ Brody Valerga, Esq. and his law firm Valerga LLP as special counsel. Brody Valerga and Valerga LLP will provide these services: (a) give the Debtor and Debtor-in-Possession independent legal advice, guidance, and assistance with respect to matters related to Federal Rule of Civil Procedure 60 as incorporated into Bankruptcy Rule 9024; (b) prosecute, oversee, and manage court actions, adversary proceedings, and contested matters related to Rule 9024 issues; (c) provide assistance in pursuing actions under Bankruptcy Rule 9024, including related litigation and case administration matters; and (d) perform all other legal services necessary in connection with Rule 9024-related proceedings in the Chapter 11 case. Brody Valerga, Esq. will be paid an hourly rate of $425. Valerga LLP asserts that it is a "disinterested person" and does not hold or represent any interest adverse to the estate pursuant to the Bankruptcy Code. The firm may be contacted at: Brody Valerga, Esq. Valerga Lawyers 395 S. Main Street #201 Alpine, UT 84004 Telephone: (801) 893-3635 Facsimile: (801) 396-7164 Email: brody@valergalawyers.com About Plaza 106, LLC Plaza 106 LLC, based in Price, Utah, operates in the Iron and Steel Mills and Ferroalloy Manufacturing industry, producing and processing ferrous metals and related materials. Plaza 106 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-25459) on September 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Peggy Hunt handles the case. The Debtor is represented Andres Diaz, Esq. at Diaz & Larsen. PURDUE PHARMA: Court Consolidates Nine Pro Se Litigants' Appeals ---------------------------------------------------------------- Judge Nelson S. Roman of the U.S. District Court for the Southern District of New York entered an order consolidating the below-listed appeals into the earliest-filed action, In re Purdue Pharma L.P., No. 25-cv-09681 (NSR): 1. Walker v. Purdue Pharma L.P., Case No. 25-cv-09681 (NSR) 2. Morales v. Purdue Pharma L.P., Case No. 25-cv-10158 (NSR) 3. Bass v. Purdue Pharma L.P., Case No. 25-cv-10282 (NSR) 4. Redwood v. Purdue Pharma L.P., Case No. 25-cv-10327 (NSR) 5. Ecke v. Purdue Pharma L.P., Case No. 25-cv-10420 (NSR) 6. Isaacs v. Purdue Pharma L.P., Case No. 25-cv-10427 (NSR) 7. Pitts-Tillman v. Purdue Pharma L.P., Case No. 25-cv-10433 (NSR) 8. Jannotta v. Purdue Pharma L.P., Case No. 25-cv-10646 (NSR) 9. Williams v. Purdue Pharma L.P., Case No. 26-cv-00045 (NSR) These appeals arise from a Chapter 11 proceeding that has traversed multiple levels of the federal judiciary, from the United States Bankruptcy Court for the Southern District of New York to the Supreme Court of the United States. Following confirmation of the reorganization plan of Purdue Pharma L.P. and its affiliated debtors and debtors-in-possession (the "Debtors"), nine pro se litigants filed notices of appeal to the District Court. The Appellants consist of Rosemary Helen Ziziros Walker, Amanda Morales, Ronald Bass, Laurie Danielle Pitts-Tillman, Keith E. Redwood, Ellen Isaacs, Mary Jannotta, Maria Ecke, and Joshua Williams. On September 15, 2019, the Debtors filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). At the time of filing, the Debtors were named defendants in numerous civil actions brought by a variety of plaintiffs --including individuals, governmental entities, and other organizations -- asserting claims arising from the manufacture, marketing, and distribution of opioid medications. Following the commencement of the bankruptcy proceedings, the parties engaged in extensive litigation, discovery, and court-ordered mediation. On September 17, 2021, the Bankruptcy Court confirmed a plan of reorganization (the "2021 Plan"), which, among other provisions, included nonconsensual releases of certain claims against non-debtor third parties in exchange for substantial financial contributions totaling billions of dollars. Id. at 115. The Sackler Parties were among those non-debtor third parties. Several parties, including governmental entities and individual claimants, appealed confirmation of the 2021 Plan to the United States District Court for the Southern District of New York. On December 16, 2021, the District Court vacated the confirmation order, concluding that the Bankruptcy Code does not authorize non-consensual third-party releases. On further appeal, the United States Court of Appeals for the Second Circuit reversed the District Court and reinstated the confirmation order on May 30, 2023. The Supreme Court thereafter reversed the Second Circuit’s decision and remanded for further proceedings on June 27, 2024. Following the Supreme Court’s decision, the Debtors and other relevant parties engaged in a multi-month mediation process aimed at reaching a revised resolution of claims against third parties. On November 18, 2025, the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order"). On June 5, 2025, the parties reached an agreement in principle, and the Debtors subsequently proposed a plan of reorganization (the "Plan"). The Plan contemplates providing more than $7 billion for distribution to creditors and, consistent with the Supreme Court’s decision, includes only consensual third-party releases. The Plan further provides that settlement proceeds, together with the Debtors’ assets, will be used to fund distributions to claimants and to support efforts related to opioid abatement. The Bankruptcy Court subsequently issued a 64-page bench ruling setting forth its findings of fact and conclusions of law in support of confirmation on November 20, 2025. In that ruling, the Bankruptcy Court concluded that the Plan complied with the Supreme Court’s decision and overruled the objections submitted by the pro se litigants. Although Appellants raise a number of issues, each Appellant ultimately seeks vacatur of the Plan on two overarching grounds: (1) that the Plan was not properly confirmed by the Bankruptcy Court; and (2) that the Plan contains non-consensual third-party releases in violation of the Supreme Court’s decision. Appellees now move to consolidate the pending appeals pursuant to Federal Rule of Civil Procedure 42(a) and Federal Rule of Bankruptcy Procedure 8003(b)(2). They argue that consolidation is warranted because the Appeals arise from the same Confirmation Order, are based on a single factual record, and present overlapping questions of law and fact, such that consolidation would promote judicial efficiency, avoid duplicative briefing, and result in no prejudice to any party. The Court concludes that consolidation of the Appeals is appropriate. The Appeals arise from the same Confirmation Order, which was issued by a single judge. All Appellants are pro se individual creditors of the Debtors and participated in the underlying bankruptcy proceeding. In one form or another, all Appellants seek the same relief -- reversal of the Confirmation Order and vacatur of the Plan. Nor do Appellants demonstrate that consolidation will result in prejudice. According to the Court, absent a showing of prejudice, and given the considerable overlap between the Appeals, consolidation will prevent needless duplication, thus avoiding inefficiency, a waste of judicial resources, and possible confusion. Consolidation of the Appeals is therefore warranted. A copy of the Court's Opinion & Order dated April 16, 2026, is available at http://urlcurt.com/u?l=mPfrHKfrom PacerMonitor.com. 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. QVC GROUP: Davis Polk & Porter Hedges Represent Noteholders ----------------------------------------------------------- An ad hoc group of noteholders to QVC Group, Inc. and its debtor-affiliates, represented by Davis Polk & Wardwell LLP and Porter Hedges LLP as counsel, filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, a joint Verified Statement pursuant to Federal Rule of Bankruptcy Procedure 2019 to inform the Court of the Group's current members and the nature and amount of claims they held in the Debtors' cases. The Ad Hoc Group holds: A. the 4.750% senior secured notes due 2027 -- QVC 2027 Notes -- issued by QVC, Inc. pursuant to a third supplemental indenture, dated as of Feb. 4, 2020, to the indenture dated as of Sept. 13, 2018; B. the 4.375% senior secured notes due 2028 -- QVC 2028 Notes -- issued by QVC pursuant to a fourth supplemental indenture, dated as of Aug. 20, 2020, to the indenture dated as of Sept. 13, 2018; C. the 6.875% senior secured notes due 2029 -- QVC 2029 Notes -- issued by QVC pursuant to an indenture dated as of Sept. 25, 2024; D. the 5.450% senior secured notes due 2034 -- QVC 2034 Notes -- issued by QVC pursuant to an indenture dated as of Aug. 21, 2014; E. the 5.950% senior secured notes due 2043 -- QVC 2043 Notes -- issued by QVC pursuant to an indenture dated as of March 18, 2013; F. the 6.375% senior secured notes due 2067 -- QVC 2067 Notes -- issued by QVC pursuant to a first supplemental indenture, dated as of Sept. 13, 2018, to the indenture dated as of Sept. 13, 2018; and G. the 6.250% senior secured notes due 2068 -- QVC 2068 Notes -- issued by QVC pursuant to a second supplemental indenture, dated as of Nov. 26, 2019, to the indenture dated as of Sept. 13, 2018. According to the group's Verified Statement: 1. In June 2025, the QVC Noteholder Group engaged Davis Polk to represent it in connection with the Members' holdings of QVC Notes. In April 2026, the QVC Noteholder Group engaged Porter Hedges to act as co-counsel in the Chapter 11 Cases. 2. As of the date of this Statement, Counsel represents only the QVC Noteholder Group and does not represent or purport to represent any entities other than the QVC Noteholder Group in connection with the Chapter 11 Cases. In addition, the QVC Noteholder Group does not claim or purport to represent any other entity and undertakes no duties or obligations to any entity. 3. The Members beneficially own or manage approximately: a. $2.12 million in aggregate principal amount of the QVC 2028 Notes; b. $459.03 million in aggregate principal amount of the QVC 2029 Notes; c. $326.21 million in aggregate principal amount of the QVC 2034 Notes; d. $208.88 million in aggregate principal amount of the QVC 2043 Notes; e. $35.68 million in aggregate principal amount of the QVC 2067 Notes; f. $107.35 million in aggregate principal amount of the QVC 2068 Notes; g. $345 million of aggregate commitments under the revolving credit facility pursuant to a fifth amended and restated credit agreement dated as of Oct. 27, 2021, by and among QVC and QVC Global Corporate Holdings, LLC, as borrowers, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and any other parties from time to time party thereto, of which $263.23 million is funded and outstanding as loans and $8.50 million is issued as letters of credit; h. $102.79 million in aggregate principal amount of the 3.750% senior unsecured exchangeable debentures due 2030 -- 3.750% LINTA Exchangeables -- issued by Liberty Interactive LLC pursuant to an indenture, dated as of July 7, 1999, as supplemented by a fourth supplemental indenture, dated as of Feb. 10, 2000; i. $96.84 million in aggregate principal amount of the 4.000% senior unsecured exchangeable debentures due 2029 -- 4.000% LINTA Exchangeables -- issued by LINTA pursuant to an indenture, dated as of July 7, 1999, as supplemented by a second supplemental indenture, dated as of Nov. 16, 1999; j. $54.53 million in aggregate principal amount of the 8.250% senior unsecured debentures due 2030 (the -- 8.250% LINTA Notes -- issued by LINTA pursuant to an indenture, dated as of July 7, 1999, as supplemented by a third supplemental indenture, dated as of Feb. 2, 2000; k. $61.24 million in aggregate principal amount of the 8.500% senior unsecured debentures due 2029 -- 8.500% LINTA Notes -- issued by LINTA pursuant to an indenture, dated as of July 7, 1999, as supplemented by that certain first supplemental indenture, dated as of July 7, 1999; and l. 270,725 shares of the 8% series A cumulative redeemable preferred stock issued by QVCG -- QVCG Preferred Equity -- with an aggregate liquidation preference of approximately $27.07 million. 4. Certain Members(s) may have exposure to participation in the DIP LC Facility, as defined and described in Debtors' Emergency Motion for Entry of Interim and Final Orders -- Authorizing the QVC Debtors (A) to Enter into the DIP LC Facility, (B) Fund the LC Cash Collateral Account, and (C) Grant Liens and Provide Administrative Expense Claims, -- Modifying the Automatic Stay, -- Scheduling a Final Hearing, and -- Granting Related Relief, which consists of aggregate commitments for up to $300 million of letters of credit. 5. Upon information and belief formed after due inquiry, Counsel does not hold any claim against, or interests in, the Debtors or their estates, other than claims for fees and expenses incurred in representing the QVC Noteholder Group. 6. Counsel submits this Statement out of an abundance of caution, and nothing herein should be construed as an admission that: -- the requirements of Bankruptcy Rule 2019 apply to Counsel's representation of the QVC Noteholder Group or -- the QVC Noteholder Group constitutes a "group" (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended or any successor provision), including any group acting for the purpose of acquiring, holding, or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended or any successor provision). 7. Nothing contained in this Statement should be construed as (A) a waiver or release of any claims against the Debtors by any Member, (B) an admission with respect to any fact or legal theory or (C) a limitation upon, or waiver of, any Member's right to file and/or amend a proof of claim in accordance with applicable law and any orders entered in the Chapter 11 Cases. 8. Counsel reserves the right to amend or supplement this Statement. 9. The information contained is intended only to comply with Bankruptcy Rule 2019 and is not intended for any other use or purpose. 10. The information is based on the data provided by the Members to Davis Polk and is subject to change. The names, addresses, nature, and amount of all disclosable economic interests of Members, are: 1. Global Investment Opportunities ICAV acting through its investment manager Mirabella Financial Services LLP 35, Shelbourne Road, Ballsbridge Dublin, D04 A4E0 Ireland Nature and Amount of Disclosable Economic Interest $2,000,000.00 in aggregate principal amount of QVC 2043 Notes $4,726,325.00 in aggregate principal amount of QVC 2067 Notes $27,831,700.00 in aggregate principal amount of QVC 2068 Notes 2. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts managed, advised or controlled by Blackrock Financial Management, Inc., or an affiliate thereof 3 50 Hudson Yards New York, NY 10011 Nature and Amount of Disclosable Economic Interest $28,239,000.00 in aggregate principal amount of QVC 2029 Notes $32,006,000.00 in aggregate principal amount of QVC 2034 Notes $20,372,000.00 in aggregate principal amount of QVC 2043 Notes $33,543,000.00 in aggregate principal amount of 8.250% LINTA Notes $15,152,000.00 in aggregate principal amount of 8.500% LINTA Notes 3. Brandywine Global Investment Management, LLC on behalf of certain funds and/or accounts managed or advised by Franklin Resources, Inc. 1735 Market Street, Suite 1800 Philadelphia, PA 19103 Nature and Amount of Disclosable Economic Interest $5,763,000.00 in aggregate principal amount of QVC 2029 Notes $72,051,000.00 in aggregate principal amount of QVC 2034 Notes $10,096,000.00 in aggregate principal amount of 8.250% LINTA Notes $24,227,000.00 in aggregate principal amount of 8.500% LINTA Notes 4. Goldentree Asset Management LP, on behalf of certain funds and accounts for which it serves as an investment advisor 300 Park Avenue, 21st Floor New York, NY 10022 Nature and Amount of Disclosable Economic Interest $125,124,000.00 in aggregate principal amount of QVC 2029 Notes $144,504,000.00 in aggregate principal amount of QVC 2034 Notes $88,192,000.00 in aggregate principal amount of QVC 2043 Notes $94,975,000.00 in aggregate principal amount of 3.750% LINTA Exchangeables $75,030,000.00 in aggregate principal amount of 4.000% LINTA Exchangeables $9,862,000.00 in aggregate principal amount of 8.250% LINTA Notes $21,863,000.00 in aggregate principal amount of 8.500% LINTA Notes 5. Morgan Stanley Senior Funding, Inc. on behalf of its New York Distressed Debt Trading Desk and not on behalf of any of its other businesses or those of its affiliates 1585 Broadway 3rd Floor New York, NY 10036 Nature and Amount of Disclosable Economic Interest $9,210,000.00 in aggregate principal amount of QVC 2029 Notes $1,000,000.00 in aggregate principal amount of QVC 2043 Notes 6. Certain funds and/or accounts or subsidiaries of such funds and/or accounts, managed advised, controlled or represented by NYL INVESTORS LLC, or an affiliate thereof or successor thereto 51 Madison Avenue New York, NY 10010 Nature and Amount of Disclosable Economic Interest $30,048,000.00 in aggregate principal amount of QVC 2029 Notes 7. OAKTREE CAPITAL MANAGEMENT, L.P., as investment manager, solely on behalf of certain funds and accounts within its Global 333 South Grand Avenue, 28th Floor Los Angeles, CA 90071 Nature and Amount of Disclosable Economic Interest $254,265,000.00 in aggregate principal amount of QVC 2029 Notes $60,600,000.00 in aggregate principal amount of QVC 2034 Notes $84,460,000.00 in aggregate principal amount of QVC 2043 Notes $1,625,000.00 in aggregate principal amount of QVC 2067 Notes 8. Opportunities, Global Credit and High Yield strategies Nature and Amount of Disclosable Economic Interest $12,121,300.00 in aggregate principal amount of QVC 2068 Notes $295,000,000.00 in aggregate commitments under the Revolving Credit Facility via settled participation, of which $263,230,769.24 is funded and outstanding as RCF Loans and $8,497,242.40 is issued as letters of credit $50,000,000.00 in aggregate commitments under the Revolving Credit Facility via unsettled participation, of which $44,615,384.62 is funded and outstanding as RCF Loans and $1,440,210.58 is issued as letters of credit Shares of QVCG Preferred Equity with an aggregate liquidation preference of $22,072,500.00 9. Oaktree Fund Advisors, LLC, as investment manager, solely on behalf of certain funds and accounts within its High Yield and Global Credit strategies 333 South Grand Avenue, 28th Floor Los Angeles, CA 90071 Nature and Amount of Disclosable Economic Interest $1,499,000.00 in aggregate principal amount of QVC 2029 Notes 10. SCHONFELD DMFI MASTER FUND LP Floor 23 590 Madison Avenue New York, NY 10022 Nature and Amount of Disclosable Economic Interest $20,941,450.00 in aggregate principal amount of QVC 2067 Notes $52,532,350.00 in aggregate principal amount of QVC 2068 Notes $6,000,000.00 of exposure to a LINTA Notes credit default swap instrument 11. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised, controlled or represented by 3033 Excelsior Boulevard, Suite 500 Minneapolis, Minnesota 55416 Nature and Amount of Disclosable Economic Interest $2,125,000.00 in aggregate principal amount of QVC 2028 Notes $4,885,000.00 in aggregate principal amount of QVC 2029 Notes $17,046,000.00 in aggregate principal amount of QVC 2034 Notes $12,851,000.00 in aggregate principal amount of QVC 2043 Notes $8,387,725.00 in aggregate principal amount of QVC 2067 Notes 12. WHITEBOX ADVISORS LLC, or an affiliate thereof Nature and Amount of Disclosable Economic Interest $14,869,425.00 in aggregate principal amount of QVC 2068 Notes $43,663,000.00 in aggregate principal amount of 3.750% LINTA Exchangeables, of which $35,850,000.00 is held in respect of a credit default swap instrument $21,809,000.00 in aggregate principal amount of 4.000% LINTA Exchangeables $1,024,000.00 in aggregate principal amount of 8.250% LINTA Notes Shares of QVCG Preferred Equity with an aggregate liquidation preference of $5,000,000.00 COUNSEL FOR THE QVC NOTEHOLDER GROUP: John F. Higgins, Esq. M. Shane Johnson, Esq. PORTER HEDGES LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 E-mail: jhiggins@porterhedges.com sjohnson@porterhedges.com - and - Damian S. Schaible, Esq. Angela M. Libby, Esq. Aryeh Ethan Falk, Esq. Helen (Muhan) Zhang, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York, NY 10017 Tel: (212) 450-4000 E-mail: damian.schaible@davispolk.com angela.libby@davispolk.com aryeh.falk@davispolk.com helen.zhang@davispolk.com About QVC Group Inc. QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies that are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group and several affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. The Hon. Bankruptcy Judge Alfredo R. Perez handles the jointly administered cases. The Debtors employed Kirkland & Ellis LLP and Kirkland & Ellis International LLP as co-counsel; Gray Reed, as co-counsel; AlixPartners, LLP, as financial advisor; Evercore Group L.L.C., as investment banker; Kroll Restructuring Administration LLC, as claims and noticing agent; and PricewaterhouseCoopers LLP, as tax advisor. Kobre & Kim LLP, serves as legal counsel to QVC Group, Inc. under the direction of the Special Committee; Seward & Kissel LLP, as legal counsel to QRI Cornerstone, Inc. under the direction of the Special Committee; Milbank LLP, as legal counsel to Liberty Interactive LLC, under the direction of the disinterested directors, and as legal counsel to Qurate Retail Group, Inc., under the direction of the Special Committee; and Katten Muchin Rosenman LLP, as legal counsel to QVC, Inc., under the direction of the disinterested directors. The Bank of New York Mellon Trust Company, N.A., as trustee under the LINTA Notes Indenture, is represented by Reed Smith LLP, as counsel. The LINTA Noteholder Group is represented by Akin Gump Strauss Hauer & Feld LLP. The QVC Noteholder Group is represented by Davis Polk & Wardwell LLP. The RCF Lender Group is represented by Simpson Thacher & Bartlett LLP. QVC GROUP: Silver Point, SVP Set to Take Stakes in Co. After Ch. 11 ------------------------------------------------------------------- Jonathan Randles and Reshmi Basu of Bloomberg News report that Silver Point Capital and Strategic Value Partners are set to gain substantial equity stakes in QVC Inc. after acquiring large portions of its debt, according to statements made during a recent bankruptcy court hearing. Company counsel Josh Sussberg said the firms have taken “very large positions” in QVC’s $2.9 billion revolving credit facility, which is shared with several commercial lenders. The acquisitions place the firms in a strong position within the creditor group. The revolving credit holdings, combined with $2.1 billion in outstanding notes—partly owned by Silver Point—are expected to be exchanged for equity as part of the Chapter 11 restructuring process, the report states. As a result, both investment firms are likely to become major owners of QVC once it exits bankruptcy, highlighting how distressed debt investors can convert holdings into controlling stakes, according to Bloomberg. About QVC Group QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Jason S. Brookner, Esq. and Lydia R. Webb of Gray Reed & McGraw LLP. QVC INC: Davis Polk Advises Noteholders in Chapter 11 Restructuring ------------------------------------------------------------------- Davis Polk is advising an ad hoc group of holders of certain senior secured notes in connection with the chapter 11 restructuring of QVC Group, Inc. and certain of its subsidiaries, including its primary operating subsidiary, QVC, Inc. (collectively, "QVC"). On April 16, 2026, QVC, holders of more than 55% of the aggregate principal amount of QVC, Inc.'s senior secured notes, holders of more than 75% of the aggregate principal amount of claims under QVC, Inc.'s revolving facility, and holders of more than 45% of the aggregate principal amount of Liberty Interactive LLC's unsecured debentures entered into a restructuring support agreement ("RSA") in connection with QVC's chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of Texas. QVC filed a prepackaged plan of reorganization that contemplates that all third-party general unsecured creditors will be unimpaired. QVC's total debt will be reduced from approximately $6.6 billion to $1.3 billion, and the prepetition holders of QVC, Inc.'s notes and revolving facility claims will receive their pro rata share of a cash distribution, a $1.275 billion takeback debt facility and the equity of reorganized QVC. QVC is a live social shopping company that aims to redefine the shopping experience through video-driven commerce on every screen, from smartphones and tablets to laptops and TVs. It reaches more than 200 million homes worldwide via 15 television channels, which are widely available on cable/satellite TV, free over-the-air TV and livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, Facebook, Instagram, TikTok, YouTube, Pinterest, websites, mobile apps, print catalogs and in-store destinations. The Davis Polk restructuring team includes partners Damian S. Schaible and Angela M. Libby, counsel Aryeh Ethan Falk and associates Helen (Muhan) Zhang, Benjamin Weissler and Daniel Feit. The tax team includes partner Kara L. Mungovan, counsel Tracy L. Matlock and associates Yueyu Yang and Carter Ballentine Allison. The capital markets team includes partner Roshni Banker Cariello and counsel Brian Hecht. The restructuring finance team includes partner Christian Fischer and associate Carly (Yoona) Cha. Partner Elliot Moskowitz is providing litigation advice. Partner Travis Triano and counsel Justin Alexander Kasprisin are providing executive compensation advice. All members of the Davis Polk team are located in the New York office. Davis Polk refers to Davis Polk & Wardwell LLP, a New York limited liability partnership, and its associated entities. R V K INC: Nat Wasserstein Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 2 appointed Nat Wasserstein, Esq., at Lindenwood Associates, LLC as Subchapter V trustee for R V K Inc. Mr. Wasserstein will be paid an hourly fee of $520 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Wasserstein declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nat Wasserstein, Esq. Lindenwood Associates, LLC 328 North Broadway, 2nd Floor Upper Nyack, New York 10960 Telephone: (845) 398-9825 Facsimile: (212) 208-4436 Email: nat@lindenwoodassociates.com About R V K Inc. R V K Inc. operates a retail liquor store in Suffern, New York, trading as Liquor Land, offering beer, wine, and spirits to consumers in Rockland County. The company conducts its activities from a single site along Route 59, focusing on in-store sales within the local alcoholic beverage retail market. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22347) on April 7, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Rengith Vijayakumar, president, signed the petition. Judge Sean H. Lane presides over the case. Ronald V. De Caprio, Esq., at The Law Office of Ronald V. De Caprio represents the Debtor as legal counsel. RALIAM HOSPITALITY: Seeks to Employ Geist CPA as Accountant ----------------------------------------------------------- Raliam Hospitality Group LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to employ Geist CPA as its accountant. The firm will provide these services: (a) participate in meetings, whether in-person or telephonically, with the Debtor and/or its counsel, as requested; (b) prepare and/or review monthly operating reports and other schedules required by the Court’s local rules and United States Trustee guidelines; (c) audit financial statements and other financial documents to ensure compliance with generally accepted accounting principles and state law requirements; (d) prepare year-end financial statements; (e) assist the Debtor with preparation and filing of outstanding federal, state, and local tax returns; and (f) perform any other accounting services deemed necessary by the Debtor or requested by its counsel. Geist CPA's compensation includes fees and actual necessary expenses, which are allowable under 11 U.S.C. Sec. 507(a)(2). Geist CPA is represented as a "disinterested person" within the meaning of the Bankruptcy Code and does not hold or represent any interest adverse to the Debtor's estate, with no known conflicts involving creditors or parties in interest. The firm can be reached at: Geist CPA 9924 Kings Horse Way Fishers, IN 46040 Telephone: (317) 813-9979 Email: info@geistcpa.com About Raliam Hospitality Group LLC Raliam Hospitality Group, LLC operates a Quality Inn hotel in Muncie, Indiana, providing midscale lodging and standard hospitality services, including accommodations and complimentary breakfast, under the franchise system of the Choice Hotels International. The company serves travelers in Muncie, Indiana, supported by university-related and regional demand. Raliam Hospitality Group LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-01661) on Mar. 23, 2026. In the petition signed by Chirag Patel, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jeffrey J. Graham oversees the case. Preeti Gupta, Esq., serves as the Debtor's counsel. RAZZOO'S INC: Gets Court OK for Chapter 11 Plan After $18MM Sale ---------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that on Wednesday, April 22, 2026, a Texas bankruptcy judge signed off on the Chapter 11 liquidation plan of Razzoo's Cajun Cafe, following a months-old sale of the company’s assets that generated more than $18 million. The approved plan governs the distribution of proceeds from the asset sale, setting out payments to creditors in accordance with bankruptcy priorities. The court found the proposal satisfied legal requirements for confirmation, the report states. The decision allows the Cajun-themed restaurant chain to complete its liquidation and formally exit Chapter 11. The case now moves into its final distribution phase, according to Law360. About Razzoo's Inc. Razzoo's, Inc. operates a chain of casual dining restaurants that specialize in Cajun-inspired cuisine and Louisiana-style dishes across Texas, North Carolina, and Oklahoma. Founded in 1991 in Dallas, Texas, the Company has expanded to multiple locations offering a menu that includes seafood, fried specialties, and traditional Cajun items such as boudin balls, Rat Toes, and alligator tail. The restaurants are known for combining bold bayou flavors with a lively atmosphere that reflects Cajun culture and tradition. Razzoo's, Inc. and Razzoo's Holdings, Inc. filed their voluntary petitions for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 25-90522) on Sept. 30, 2025, listing as much as 10 million to $50 million in both assets and liabilities. Philip Parsons, chief executive officer, signed the petitions. The case is jointly administered in Case No. 25-90522. Judge Alfredo R. Perez oversees the case. The Debtors tapped Okin Adams Bartlett Curry LLP as counsel; Stout Capital, LLC as investment banker; and Stout Risius Ross, LLC as financial advisor. Donlin, Recano & Company, LLC is the Debtors' claims and noticing agent. RIVERDALE VILLAGE: Fitch Lowers Issuer Default Rating to 'CCC-' --------------------------------------------------------------- Fitch Ratings has downgraded the Village of Riverdale's Issuer Default Rating (IDR) to 'CCC-' from 'B-'. In tandem, Fitch has downgraded the Riverdale Finance Corporation, IL's $7.5 million income tax securitized bonds, series 2018A to 'BB-' from 'BBB-' due to the downgrade of the IDR, which caps the income tax securitized bond rating at six notches above the village's IDR. The Outlook on the 'BB-' rated securitized bond is Negative. The IDR has no Outlook given the very high volatility inherent in the 'CCC-' rating. Entity/Debt Rating Prior ----------- ------ ----- Riverdale Village (IL) [General Government] LT IDR CCC- Downgrade B- Riverdale Finance Corporation (IL) /State Allocation - Income Tax/1 LT LT BB- Downgrade BBB- Riverdale Village (IL) /Issuer Default Rating – General Government/1 LT LT CCC- Downgrade B- The downgrade reflects a severely weakened financial profile, including a negative balance of available general fund reserves, and very limited liquidity. The rating incorporates key rating factors specific to 'BBB-' and below ratings, including vulnerability to funding village operations, deferral of pension spending, and a very low margin for servicing the village's obligations. The downgrade of income tax securitized bonds is driven by the downgrade of the IDR, which caps the state-shared income tax securitized bond rating at six notches above the village's 'CCC-' IDR. The 'BB-' rating also reflects flat expectations for revenue growth, consistent with a 'bbb' assessment, and solid resilience assessed at 'aa'. Rating Sensitivities Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade IDR - Persistently negative cash flow and/or the inability to maintain village operations. Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade DTB - A downgrade of the village's IDR below 'CCC-'; - A sustained trend of negative revenue growth. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade IDR - A trend of positive available general fund reserves and/or a materially improved liquidity profile. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade DTB - Positive action on the IDR. SECURITY The income tax securitized bonds have a first lien on the village's local share of the statewide income tax. The pledged revenue includes all distributions under Section 2 of the State Revenue Sharing Act from the Local Government Distributive Fund (LGDF) of income tax amounts payable by the state of Illinois to the village. The lien is closed to additional bonds. Final maturity is on Oct. 1, 2047. Fitch's Local Government Rating Model The Local Government Rating Model generates Model Implied Ratings, which communicate the issuer's credit quality relative to Fitch's local government rating portfolio. (The Model Implied Rating will be the Issuer Default Rating except in certain circumstances explained in the applicable criteria.) The Model Implied Rating is expressed via a numerical value calibrated to Fitch's long-term rating scale that ranges from 10.0 or higher (AAA), 9.0 (AA+), 8.0 (AA), and so forth down to 1.0 (BBB- and below). Model Implied Ratings reflect the combination of issuer-specific metrics and assessments to generate a Metric Profile and a structured framework to account for Additional Analytical Factors not captured in the Metric Profile that can either mitigate or exacerbate credit risks. Additional Analytical Factors are reflected in notching from the Metric Profile and are capped at +/-3 notches. Ratings Headroom & Positioning Riverdale Village Model Implied Rating: 'BBB-' or below (Numerical Value: -1.89) - Metric Profile: 'BBB-' or below (Numerical Value: 1.11) - Net Additional Analytical Factor Notching: -3.0 Individual Additional Analytical Notching Factors: - Non-Recurring Support or Spending Deferrals: -1.0 - Pension Funding Assumptions: -1.0 - Pension Contributions: -1.0 Riverdale Village's Model Implied Rating is 'BBB-' or below. The associated numerical value of -1.89 is at the lower end of the -1.0 to 0.0 range for a 'BBB-' or below rating. Key Rating Drivers Financial Profile Financial Resilience - 'bb' Riverdale Village's financial resilience is driven by the combination of its 'High' revenue control assessment and 'Low' expenditure control assessment, culminating in a 'Low Midrange' budgetary flexibility assessment. - Revenue control assessment: High - Expenditure control assessment: Low - Budgetary flexibility assessment: Low Midrange - Minimum fund balance for current financial resilience assessment: RMG ERECTORS: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: RMG Erectors & Constructors of Montana, LLC 105 Blackwood Barnsboro Road Sewell, NJ 08080 Business Description: RMG Erectors & Constructors of Montana, LLC, based in Sewell, New Jersey, assembles and installs pre-engineered metal building systems and performs structural steel erection for commercial projects. The company interprets construction plans, erects steel frames, and secures buildings in accordance with safety and engineering specifications. Its customers have included national retail and industrial clients. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-14283 Judge: Hon. Jerrold N Poslusny Jr Debtor's Counsel: Albert A. Ciardi, III, Esq. CIARDI CIARDI AND ASTIN 1905 Spruce Street Philadelphia, PA 19103 Tel: (215) 557-3550 Email: aciardi@ciardilaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Robert Mesmer as CEO. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XM242IY/RMG_Erectors__Constructors_of__njbke-26-14283__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YVMINVY/RMG_Erectors__Constructors_of__njbke-26-14283__0001.0.pdf?mcid=tGE4TAMA RYZEMD CORPORATION: Amy Denton Mayer Named Subchapter V Trustee --------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for RyzeMD Corporation. Ms. Mayer will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About RyzeMD Corporation Ryzemd Corp is a Tampa, Florida-based healthcare services company that provides urgent care and ambulatory medical services, including treatment for common illnesses and injuries, diagnostic imaging, laboratory testing, and telemedicine consultations. Founded in 2020, the company operates facilities that integrate acute care with wellness and aesthetic services through affiliated operations, serving individuals seeking walk-in and outpatient medical care. Ryzemd sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02715) on April 2, 2026, with $1 million to $10 million in both assets and liabilities. Dr. Wanda Cruz, president, signed the petition. Justin M. Luna, Esq., at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. SAKS GLOBAL: Cain & Skarnulis Represents Teamsters -------------------------------------------------- In the Chapter 11 bankruptcy cases of Saks Global Enterprises LLC and its debtor-affiliates, Cain & Skarnulis PLLC filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court that the firm represents these entities: A. Local 210's Pension Fund c/o Frances Jasmin Savasta & Company, Inc. 5 Grand Central East, Suite 1200 New York, NY 10017 B. Local 210 Scholarship and Education Fund c/o Robert Bellach, Trustee 1911 Richmond Avenue Staten Island, NY 10314 C. Teamsters' Local 210 Affiliated Health & Insurance Fund c/o Krista DeRosa Crossroads Healthcare Management, LLC 1441 South Avenue, Suite 702 Staten Island, NY 10314 According to the Verified Statement: 1. The Funds have claims against certain of the Debtors arising from the Debtors' obligations under applicable collective bargaining agreements and related employee benefit obligations, including contributions owed or that may become owed to the Funds. 2. The Funds' claims include prepetition and postpetition obligations and may be contingent, unliquidated, and/or disputed. 3. Each of the Funds engaged C&S to represent their interests in these Chapter 11 cases. 4. C&S does not hold any claim against any of the Debtors. 5. C&S reserves the right to amend or supplement this verified statement in accordance with the requirements outlined in Rule 2019 of the Federal Rules of Bankruptcy Procedure. Attorney for Local 210's Pension Fund, Local 210 Scholarship and Education Fund, and Teamsters’ Local 210 Affiliated Health & Insurance Fund: Ryan E. Chapple, Esq. CAIN & SKARNULIS PLLC 303 Colorado Street, Suite 2850 Austin, TX 78701 Tel: 512-477-5000 Fax: 512-477-5011 E-mail: rchapple@cstrial.com About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises, LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as an investment banker, Berkeley Research Group is serving as the financial advisor, and C Street Advisory Group is serving as a strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst and Company, Inc., is serving as a strategic communications advisor to an ad hoc group of debt holders. Hilco Global Professional Services, LLC, is the real property advisor to the Ad Hoc Group. Bank of America, N.A., is the administrative agent and collateral agent under the $1.5 billion asset-based revolving credit facility. U.S. Bank Trust Company, National Association, is the administrative agent and collateral agent under the $2.56 billion SGUS DIP Facility, a term loan facility with new money and roll-up components. U.S. Bank is also the agent under the $1.75 billion OpCo DIP Facility, a term loan facility to be used for refinancing existing debt. Barclays Bank, PLC, serves as the fronting lender of the SGUS First Out DIP Loans. It is advised by Dentons US LLP. Otterbourg P.C., Morgan, Lewis & Bockius LLP, and Norton Rose Fulbright US LLP serve as counsel to the ABL DIP Agent; M3 Advisory Partners, LP, is the financial advisor to the ABL DIP Agent; and Great American serves as its inventory valuation consultant. Seward & Kissel LLP serves as counsel to the SGUS DIP Agent. On January 27, 2026, the U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee retained Morrison & Foerster LLP as counsel; Cole Schotz, PC as local counsel; Houlihan Lokey Capital, Inc. as investment banker; and AlixPartners, LLP as financial advisor. SAKS GLOBAL: Court OKs Aircraft Sale to Jones Aviations for $6MM ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, has granted Saks Global Enterprises LLC and its affiliates to sell Property, free and clear of liens, claims, interests, and encumbrances. Wilmington Trust Company (in its capacity as owner trustee for the trustor, Debtor Saks Global Enterprises LLC) is the owner of a 2003 Gulfstream Aerospace Model G-IV (G400), including two Rolls-Royce Deutschland Ltd & Co KG model Tay 611-8 aircraft engines (Asset). The Global Debtors primarily used the Asset to facilitate business travel and to meet operational needs. When the Asset was not in use by the Global Debtors for its business needs, the Global Debtors allowed certain current and former executives and directors of the Global Debtors to use the Asset for non-business travel pursuant to aircraft time sharing agreements. Lessees under the Time Share Agreements had access to the Asset at an agreed upon per usage cost pursuant to the terms of the Time Share Agreements when the Asset was not in use by the Global Debtors. The Time Share Agreements were rejected by the Global Debtors pursuant to a motion filed on February 27, 2026; and, more recently, the Asset has lain dormant. The Global Debtors determined that the best course of action would be to sell the Asset and redirect funds needed to maintain and operate the Asset to other business operations. The Court has authorized the Debtor to sell the Assets to Jones Aviations LLC for $6,000,000. The Global Debtors submit that selling the Asset and entry into the LOI, and subsequently into an asset purchase agreement, represents a reasonable exercise of sound business judgment and is in the best interests of the Global Debtors' estates. The transactions contemplated by that certain Aircraft Purchase and Sale Agreement, by and among Wilmington Trust Company, not in its individual capacity but solely as owner trustee, Saks Global Enterprises LLC, and Jones Aviations LLC are approved. The Global Debtors are authorized to pay the fees of the Broker upon entry of this Sale Order. The Global Debtors and the Purchaser each has complied, in good faith and in all respects with Bankruptcy Rule 6004(f) in connection with the Sale. The APA has been negotiated and executed, and the transactions contemplated in the APA, including, without limitation, the Sale, are and have been undertaken, by the Global Debtors, the Purchaser and their respective representatives at arm’s-length, without collusion and in "good faith," as such term is defined in section 363(m) of the Bankruptcy Code. The Global Debtors have demonstrated good, sufficient, and sound business purposes and justifications for entry into the APA and consummation of the Sale, pursuant to section 363(b) of the Bankruptcy Code. About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises, LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as an investment banker, Berkeley Research Group is serving as the financial advisor, and C Street Advisory Group is serving as a strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst and Company, Inc., is serving as a strategic communications advisor to an ad hoc group of debt holders. Hilco Global Professional Services, LLC, is the real property advisor to the Ad Hoc Group. Bank of America, N.A., is the administrative agent and collateral agent under the $1.5 billion asset-based revolving credit facility. U.S. Bank Trust Company, National Association, is the administrative agent and collateral agent under the $2.56 billion SGUS DIP Facility, a term loan facility with new money and roll-up components. U.S. Bank is also the agent under the $1.75 billion OpCo DIP Facility, a term loan facility to be used for refinancing existing debt. Barclays Bank, PLC serves as the fronting lender of the SGUS First Out DIP Loans. It is advised by Dentons US LLP. Otterbourg P.C., Morgan, Lewis & Bockius LLP, and Norton Rose Fulbright US LLP serves as counsel to the ABL DIP Agent; M3 Advisory Partners, LP, is the financial advisor to the ABL DIP Agent; and Great American serves as its inventory valuation consultant. Seward & Kissel LLP serves as counsel to the SGUS DIP Agent. On January 27, 2026, the U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. SEA BREEZE FISH: Initiates Chapter 11 Bankruptcy in New York ------------------------------------------------------------ On April 20, 2026, Sea Breeze Fish Market Inc. filed for Chapter 11 protection in the Eastern District of New York Bankruptcy Court. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. About Sea Breeze Fish Market Inc. Sea Breeze Fish Market Inc. is a seafood retail and distribution business, typically engaged in the sale of fresh fish and related products to local consumers and commercial clients. Sea Breeze Fish Market Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41883) on April 20, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $1MM–$10MM. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by J. Ted Donovan, Esq. of Goldberg Weprin Finkel Goldstein LLP. SELECT A BAGEL: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------- On April 21, 2026, Select A Bagel Inc. filed for Chapter 11 protection in the Eastern District of New York Bankruptcy Court. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to approximately 1 to 49 creditors. About Select A Bagel Inc. Select A Bagel Inc is a New York-based food service company specializing in bagels, sandwiches, and deli offerings. The company operates retail locations serving breakfast and lunch customers. Select A Bagel Inc sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41920) on April 21, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Robert M. Fox, Esq. SELIM DAVID MOCHE: Court Okays Woods' Motion to Withdraw as Counsel ------------------------------------------------------------------- The Hon. John P. Mastando III of the U.S. Bankruptcy Court for the Southern District of New York ruled granted the motion of Adrienne Woods, an attorney at Weinberg Zareh Malkin Price LLP and counsel of record for creditor Nancy Wolfson-Moche, seeking leave to withdraw as counsel pursuant to Local Bankruptcy Rule 2090-1(e) in the bankruptcy case of Selim David Moche. The Debtor's bankruptcy filing followed years of litigation in the New York State Supreme Court (the "State Court") concerning the parties' divorce and equitable distribution of marital property (the "Matrimonial Proceeding"). In the Matrimonial Proceeding, the State Court issued multiple orders directing the Debtor to pay spousal support and carrying costs associated with the parties' residential property. After finding that the Debtor had repeatedly violated those orders, the State Court held the Debtor in civil contempt. Two weeks before the scheduled contempt hearing, the Debtor filed this Chapter 11 case, triggering the automatic stay and halting further actions in the Matrimonial Proceeding, including enforcement of the civil contempt order. On March 9, 2026, upon Wolfson's motion, this Court granted relief from the automatic stay to permit the parties to resume the Matrimonial Proceeding. The Debtor filed a notice of appeal on March 23, 2026. On March 30, 2026, Woods filed the instant Motion seeking leave to withdraw as counsel. Woods asserts that the attorney-client relationship has broken down due to, inter alia, Wolfson's failure to pay outstanding legal fees. Woods also seeks the imposition of an attorney's charging lien in the amount of $61,819.90 against any distributions or proceeds recovered on account of Wolfson's claim against the Debtor's estate. According to Woods, she has provided "robust, good-faith representation" throughout the course of this litigation and has "incurred more than $80,000 in fees and expenses," of which "less than $20,000 has been paid." Woods represents that she offered Wolfson the "opportunity to make partial payments towards her arrears" to continue the representation but, despite "repeated notices" and requests, Wolfson failed to pay. Wolfson does not oppose Woods' withdrawal but contest the requested $61,819.90 attorney's charging lien, arguing that it is inflated and inaccurate. The engagement letter provides a billing rate at $675 per hour for Woods and between $450 and $550 per hour for services rendered by Terrence McLaughlin ("McLaughlin"), another attorney at Weinberg Zareh Malkin Price LLP. Wolfson contends, however, that McLaughlin billed in excess of the agreed-upon rates, charging $550 per hour on the January invoice and $650 per hour on the February and March invoices. She further argues that the invoices included approximately $7,097 for two motions on which she was not consulted and which were never filed. Wolfson acknowledges that she is behind on her payments but represents that she made payments totaling $18,100 toward her account. She contends that Woods did not afford her sufficient time to cure the arrears before seeking dismissal. Woods acknowledges that McLaughlin's billing rate increase was the result of a clerical error, and voluntarily reduces the amount owed by $3,360 to reflect the originally agreed-upon $550 hourly rate. Woods now seeks an attorney's charging lien in the amount of $58,459.90. Woods further contends that Wolfson was afforded a reasonable opportunity to make a partial payment of $20,000, noting that the Firm "accepts payment by credit card" to accommodate Wolfson's "inability to pay at the time." Woods also represents that the Firm continued working on Wolfson's case for approximately three months without receiving payment before advising her that representation could not continue absent meaningful progress toward curing the arrears. The Court finds that Woods has demonstrated sufficient cause to withdraw under Local Bankruptcy Rule 2090-1(e). The record reflects a substantial breakdown in the attorney-client relationship arising from Wolfson's failure to pay outstanding legal fees despite repeated notice and opportunities to cure. According to the Court, withdrawal is unlikely to prejudice Wolfson's rights or disrupt either this Chapter 11 case or the Matrimonial Proceeding. The remaining question is whether Woods' asserted attorney's charging lien in the amount of $58,459.90 is fair and reasonable. The Court finds that the requested charging lien in the amount of $58,459.90 reflects the fair and reasonable value of Woods' legal services. The record reflects that Woods provided substantial and effective representation in a contentious dispute involving complex procedural and substantive matters, and Wolfson has acknowledged that Woods' representation was adequate. A copy of the Court's Memorandum Opinion and Order dated April 13, 2026, is available at http://urlcurt.com/u?l=KBCmVu PacerMonitor.com. David Moche filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 25-11831) on August 21, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Douglas Pick, Esq. SEMILEDS CORP: Reports Q2 Loss of $603,000; Outlines Liquidity Plan ------------------------------------------------------------------- SemiLEDs Corporation filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $603 thousand for the three months ended February 28, 2026, compared to a net income of $388 thousand for the same period in the prior year. For the six-month period ended February 28, 2026, the Company reported a net loss of $1.3 million, compared to a net loss of $159 thousand in the corresponding prior-year period. Revenues for the three months ended February 28, 2026 were $1.1 million, compared to $10.8 million in the prior-year period. Revenues for the six months ended February 28, 2026 decreased to $3.6 million from $12.1 million in the same period of the prior year. Revenue was lower in the second quarter of fiscal 2026 compared to the first quarter of fiscal 2026, due to the absence of any buy-sell purchase orders of equipment. The Company anticipates buy-sell purchase orders in the second half of fiscal 2026. The Company disclosed that it suffered losses from operations of $1.6 million and $2.9 million, and net cash provided by operating activities of $2.2 million and net cash used in operating activities of $361 thousand, for the years ended August 31, 2025 and 2024, respectively. These facts and conditions have raised substantial doubt about the Company's ability to continue as a going concern, even though gross profit on product sales was $2.4 million for the year ended August 31, 2025 compared to $1.1 million for the year ended August 31, 2024. On February 28, 2026, the Company's cash and cash equivalents had increased to $4.0 million compared to $2.4 million on February 28, 2025. Further, loss from operations was $845 thousand and $1.9 million for the three and six months ended February 28, 2026, respectively. Management believes that it has developed a liquidity plan, that, if executed successfully, should provide sufficient liquidity to meet the Company's obligations as they become due for a reasonable period of time, and allow the development of its core business. The plan includes: * Gaining positive cash-inflow from operating activities through continuous cost reductions and the sales of new higher margin products. Steady growth of module products and the continued commercial sales of its UV LED product are expected to improve the Company's future gross margin, operating results and cash flows. The Company is targeting niche markets and focusing on product enhancement and developing its LED products into many other applications or devices. * Continuing to monitor prices, work with current and potential vendors to decrease costs and, consistent with its existing contractual commitments, possibly decrease its activity level and capital expenditures further. This plan reflects its strategy of controlling capital costs and maintaining financial flexibility. * Raising additional cash through potential equity offerings, sales of assets and/or issuance of debt as considered necessary and looking at other potential business opportunities. While the Company's management believes that the measures described in the liquidity plan will be adequate to satisfy its liquidity requirements for the 12 months after the date that the financial statements are issued, there is no assurance that the liquidity plan will be successfully implemented. Failure to successfully implement the liquidity plan may have a material adverse effect on its business, results of operations and financial position, and may adversely affect its ability to continue as a going concern. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/3c4wh4cr About SemiLEDs Corporation Headquartered in Taiwan, R.O.C., SemiLEDs Corporation develops, manufactures, and sells light-emitting diode (LED) chips, LED components, LED modules, and systems. The Company's products serve a range of specialty industrial applications, including ultraviolet (UV) curing of polymers, LED light therapy for medical and cosmetic purposes, counterfeit detection, horticultural lighting, architectural lighting, and entertainment lighting. SemiLEDs packages its LED chips into LED components, which are sold to distributors and a customer base primarily concentrated in key markets, such as the Netherlands, Taiwan, the United States, and Japan. The Company also offers its "Enhanced Vertical" (EV) LED product series in blue, white, green, and UV variations in select markets. The Company's lighting products are primarily sold to original design manufacturers (ODMs) of lighting products, as well as to the end users of lighting devices. Irvine, California-based YCM CPA INC., the Company's auditor since 2025, issued a "going concern" qualification in its report dated November 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended August 31, 2025, citing that the Company incurred recurring losses from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of February 28, 2026, the Company had $16.3 million in total assets, $14.8 million in total liabilities, and $1.5 million in total shareholders' equity. SHORELINE BUILDERS: Seeks Chapter 7 Bankruptcy in New York ---------------------------------------------------------- On April 21, 2026, Shoreline Builders LLC filed for Chapter 7 bankruptcy protection in the Southern District of New York Bankruptcy Court. Court records show the company reports liabilities in the range of $1 million to $10 million, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on May 22, 2026 at 02:30 PM at Zoom.us - USTrustee 12: Meeting ID 160 9665 4500, Passcode 9871234560, Phone 1 (202) 796-9507. About Shoreline Builders LLC Shoreline Builders LLC is a construction and development company engaged in residential and commercial building projects. The company provides general contracting, renovation, and construction management services. Shoreline Builders LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code on April 21, 2026. The Debtor reports estimated assets of $1 million to $10 million and estimated liabilities within the same range. SHREE OF MEMPHIS: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Shree of Memphis, LLC got the green light from the U.S. Bankruptcy Court for the Western District of Tennessee, Western Division at Memphis, to use cash collateral. At the April 22 hearing, the court authorized the Debtor's interim use of cash collateral through June 10. The Debtor, which operates a hotel and convention center business, intends to use its cash collateral -- cash on hand and rental proceeds from hotel room bookings and convention events -- to pay operating expenses in accordance with its preliminary budget. Bank of Texas may claim a security interest in substantially all proceeds generated from hotel and convention center operations, including rental income. The Debtor's counsel has not yet fully determined the validity, extent, or enforceability of those liens. The Debtor believes that there is substantial equity in the collateral property and proposes to protect the Bank of Texas's interests through appropriate lien preservation and related protections. About Shree of Memphis Shree of Memphis, LLC is a two-member Limited Liability Company. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-21265) on March 6, 2026, with $1 million to $10 million in both assets and liabilities. Judge M. Ruthie Hagan oversees the case. John Edward Dunlap, Esq., represents the Debtor as legal counsel. SILVERROCK DEVELOPMENT: Judge Keeps Chapter 11 Timeline on Track ---------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that on Wednesday, April 22, 2026, a Delaware bankruptcy judge refused to alter the Chapter 11 timeline proposed by SilverRock Development, while cautioning that objections raised by secured creditors could still play a role in the case's final outcome. The dispute involves how proceeds from property sales will be divided. The court determined that there was no immediate reason to disrupt the debtor's schedule, allowing the restructuring process to continue as planned. Still, the judge emphasized that the concerns raised by creditors regarding the distribution framework are not resolved, the report states. SilverRock Development will move forward under its existing timetable, but the court's comments suggest that the plan's treatment of creditor recoveries may face further scrutiny. The issue remains central to the confirmation process, the report states. About SilverRock Development Company SilverRock Development Company, LLC, is a San Diego, Calif.-based company primarily engaged in renting and leasing real estate properties. SilverRock filed Chapter 11 petition (Bankr. D. Del. Lead Case No. 24-11647) on Aug. 5, 2024, with $100 million to $500 million in both assets and liabilities. Robert S. Green, Jr., chief executive officer, signed the petition. Judge Mary F. Walrath handles the case. The Debtor is represented by Jonathan M. Stemerman, Esq., at Armstrong Teasdale. SKYBOUND PROPERTIES: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Skybound Properties, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Fayetteville Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral for budgeted operating expenses until the earliest of a court order modifying or terminating it (including for breach); a notice of default; or a subsequent interim or final order approving cash collateral use. Events of default include non-compliance with the order; failure to maintain insurance on the collateral; unauthorized use of cash collateral; appointment of a trustee or examiner; and the conversion of the Debtor's Chapter 11 case to one under Chapter 7. The Debtor's cash collateral consists of rental income from its properties, subject to secured creditors' liens. As protection, secured creditors will be granted replacement liens on the same assets to which their liens attached prior to the petition date, with the same validity and priority as their pre-bankruptcy liens. The order is available at https://is.gd/Oel0nd from PacerMonitor.com. The next hearing is set for May 5. Skybound owns and manages approximately 65 to 70 rental properties across multiple North Carolina counties, generating its primary income through rental receipts, which it asserts are likely subject to various secured creditor interests through deeds of trust, assignment of rents provisions, and UCC-1 financing statements filed by creditors including BD Capital SE, LLC and others. About Skybound Properties LLC Skybound Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-01678) on April 14, 2026, with between $10 million and $50 million in both assets and liabilities. Judge David M. Warren oversees the case. Laurie B. Biggs, Esq., at Biggs Law Firm, PLLC, represents the Debtor as bankruptcy counsel. SKYBOUND PROPERTIES: Seeks Approval to Hire LPT Realty as Broker ---------------------------------------------------------------- SKYBOUND PROPERTIES, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Loretta Hinson of LPT Realty, LLC to serve as broker. Mr. Hinson will provide these services: (a) list for sale the real property located at 407 Maides Avenue, Wilmington, North Carolina 28405 also described as Tax Parcel No.: R04909-010-027-000 and in Deed Book 6689-2111; (b) aid the Debtor in the sale of the Debtor's property; and (c) provide brokerage services in connection with the marketing and sale of the property. Hinson and LPT Realty, LLC will receive commissions in the amount of 6% of the gross sales price of the property. Loretta Hinson and LPT Realty, LLC are "disinterested persons" within the meaning of Section 327(a) of the Bankruptcy Code and do not hold or represent interests adverse to the estate, according to court filings. The professional can be reached at: Loretta Hinson LPT Realty, LLC 2125 Daniels Street Eastover, NC 28312 Telephone: (832) 374-0988 E-mail: lori@ironwoodrealtyus.com About Skybound Properties, LLC Skybound Properties, LLC is a real estate investment and development company engaged in the acquisition, ownership, and management of commercial and residential properties. Skybound Properties, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01678) on April 14, 2026. In its petition, the debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge David M. Warren handles the case. The debtor is represented by Laurie Biggs, Esq., of Biggs Law Firm PLLC. SKYE A. SMITH DDS: Taps Law Office of Cynthia Lee Traina as Counsel ------------------------------------------------------------------- Skye A. Smith DDS LLC, d/b/a POISE Dental Studio, seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to hire Cynthia Lee Traina of the Law Office of Cynthia Lee Traina to serve as counsel. The firm will provide these services: (a) provide legal advice and perform all legal services necessary in conjunction with this Chapter 11 proceeding; and (b) render all legal services associated with this Chapter 11 case through the entry of a final decree. Cynthia Lee Traina, Esq. will receive an hourly rate of $400, with contract attorneys ranging from $250 to $350 per hour, $95 per hour for paralegals and law clerks, and $65 per hour for legal assistants. The Law Office of Cynthia Lee Traina 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: Cynthia Lee Traina, Esq. LAW OFFICE OF CYNTHIA LEE TRAINA 650 Poydras, Suite 1400 New Orleans, LA 70130 Telephone: (504) 977-1157 E-mail: cytraina@yahoo.com About Skye A. Smith DDS LLC Skye A. Smith DDS, LLC d/b/a Poise Dental Studio sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10772) on March 31, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Meredith S. Grabill presides over the case. Cynthia Lee Traina, Esq. at the Law Office Of Cynthia Lee Traina represents the Debtor as legal counsel. SOUTH TOWN: Seeks to Extend Plan Exclusivity to July 27 ------------------------------------------------------- South Town By 4M LLC asked the U.S. Bankruptcy Court for the Eastern District of Michigan to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 27 and Sept. 23, 2026, respectively. The Debtor explains that although this is a single-debtor SARE case, it involves a multi-faceted real estate development with four distinct revenue streams: long-term residential rentals, short-term rentals, ground-floor retail operations, and a proprietary MicroGrid energy facility with associated carbon credit revenues; each requiring separate financing, operational infrastructure, staffing, and management. Furthermore, the transition in management following the death of Debtor's sole member in October 2025 has added a layer of complexity to this case. Debtor's responsible person, Heidi Poscher, has stepped into an extraordinarily difficult leadership role under challenging personal and professional circumstances, and the resulting transition has appropriately impacted the pace of the Exit Financing negotiations and Plan-related activities. The Debtor claims that the 60-day extension of the Exclusivity Periods sought here is narrowly tailored to provide only the additional time necessary to complete the term-sheet negotiations, finalize the Exit Financing commitment, and translate those results into a Plan and disclosure statement. Denying the extension at this critical juncture would be counterproductive and would risk disrupting negotiations that are directly in the interest of all creditors. Since the Petition Date, Debtor has been meeting its post-petition obligations in the ordinary course. Critically, consistent with the SARE designation, Debtor has elected to commence making the Interest-Only Payments to CNB at the applicable nondefault contract rate of interest on the value of CNB's interest in the Development. This election reflects Debtor's commitment to responsible stewardship of the estate and its good-faith effort to satisfy its statutory obligations while completing its Exit Financing negotiations. The Debtor states that CNB and Brownstone hold liens on a property appraised at $61,300,000 against aggregate secured debt of approximately $25 million, resulting in an equity cushion that more than adequately protects their respective interests. The Debtor's case is not one in which secured creditors face the prospect of receiving less than full satisfaction of their claims; to the contrary, the Exit-Financing negotiations are oriented entirely toward their full payment. The Debtor asserts that this case is at an early stage, and courts have consistently recognized that where a debtor is diligently pursuing plan-related activities in the early months of a chapter 11 case, an extension of the exclusivity periods is appropriate. The relatively short duration of this case, combined with the meaningful progress Debtor has made toward securing Exit Financing and the active state of term-sheet negotiations, strongly supports the conclusion that an additional 60 days is not only reasonable but necessary to allow the reorganization process to reach its natural conclusion. The Debtor further asserts that it is not seeking this extension as a tactical device to pressure its secured creditors. The secured lenders, and in particular CNB, are more than adequately protected by the substantial equity cushion in the Development, and Debtor is commencing the Interest-Only Payments under section 362(d)(3). Debtor's Exit Financing will pay CNB and all other allowed claims in full. South Town By 4M LLC is represented by: Kimberly Ross Clayson, Esq. Jay L. Welford, Esq. Anthony Cimini, Esq. TAFT STETTINIUS & HOLLISTER LLP 27777 Franklin Road, Suite 2500 Southfield, MI 48034 Telephone: (248) 351-3000 Email: kclayson@taftlaw.com About South Town By 4M LLC South Town by 4M, LLC, a company in Ann Arbor, Mich., provides services related to real estate, including property management and other real estate support activities, operating within the NAICS 5313 classification. South Town By 4M sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-40805) on Jan. 27, 2026. In its petition, the Debtor reported assets of between $50 million and $100 million and liabilities of between $10 million and $50 million. Honorable Bankruptcy Judge Lisa S. Gretchko handles the case. The Debtor is represented by Kimberly Ross Clayson, Esq., at Taft Stettinius & Hollister, LLP. STARCO BRANDS: Reports $20.7MM Loss, Going Concern Uncertainty -------------------------------------------------------------- Starco Brands, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2025, reporting a net loss of $20.7 million, compared to a net loss of $17.3 million in the prior year. Total revenues declined to $37.3 million in 2025 from $52.5 million in 2024, reflecting a significant year-over-year decrease in top-line performance. Irvine, California-based Macias, Gini, and O'Connell LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated April 14, 2026 attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has a working capital deficit of approximately $1.4 million and an accumulated deficit of approximately $102.3 million at December 31, 2025, including the impact of its net loss of approximately $20.7 million for the year ended December 31, 2025. The Company's ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing and the successful development of the Company's contemplated plan of operations, to the attainment of profitable operations, are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. Management disclosed that it has evaluated the conditions that contributed to substantial doubt. The historical net losses and accumulated deficit are primarily attributable to non-cash or one-time, non-recurring expenses, including goodwill impairment, stock-based compensation, fair value share adjustment losses, and acquisition-related transaction costs. As of December 31, 2025, total debt was approximately $8.1 million, which includes $3,472,500 in notes payable to Ross Sklar, a significant minority shareholder. Of this amount, $1.0 million was funded in July and August 2025 in response to requests from the Company's lender. Mr. Sklar's ownership interest and operational role provide an incentive for him to be supportive of the Company regarding repayment of these notes, consistent with prior periods. On July 18, 2025, the Company and its lender entered into a forbearance agreement related to its revolving loan facility. On November 24, 2025, the parties executed Amendment No. 1, which added additional Events of Default related to delayed financial reporting and extended the forbearance period, subject to specified conditions, through December 31, 2025. In December 2025, the Company paid off in full all outstanding obligations under the revolving loan facility, and the facility and related forbearance arrangements are no longer in effect. On December 22, 2025, the Company entered into a Bridge Term Loan Promissory Note with The Starco Group, Inc., an entity wholly owned by Sklar, providing for up to $5,000,000 in borrowing capacity, including an initial disbursement of $4,500,000. The proceeds were used to repay the revolving loan facility in full and to provide additional working capital. The Bridge Loan bears interest at a variable rate based on the Prime Rate plus an applicable margin, requires monthly interest payments beginning January 1, 2026, and provides for scheduled principal amortization beginning January 1, 2027. The Bridge Loan includes customary covenants and events of default, and may be prepaid without penalty. Management is pursuing additional financing sources to enhance liquidity, provide working capital, and support repayment of existing obligations, if necessary. Management is also focused on strategic initiatives intended to increase revenue in the most profitable sales channels and reduce overall expenses as a percentage of revenue. Operational synergies from the Company's shared services model and continued emphasis on profitable channels have contributed to improvements to date and are expected to continue. While the payoff of the revolving loan facility and the execution of the Bridge Loan have provided near-term liquidity, these actions do not eliminate the conditions that raise substantial doubt about the Company's ability to continue as a going concern. The Company's plans are not entirely within its control, and there can be no assurance that additional financing or operational improvements will be achieved as contemplated. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/bdry2xzk About Starco Brands Santa Monica, Calif.-based Starco Brands, Inc. (OTCQB: STCB) -- starcobrands.com -- invents consumer products with behavior-changing technologies that spark excitement. Starco Brands identifies whitespaces across consumer product categories. Starco Brands publicly trades on the OTCQB stock exchange so that retail investors can invest in STCB alongside accredited individuals and institutions. As of December 31, 2025, the Company had $35.9 million in total assets, $21.7 million in total liabilities, and $14.2 million in total stockholders' equity. STEPHEN CARL SILVERBERG: Loses Bid to Stay Dismissal Order ---------------------------------------------------------- Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the Eastern District of New York denied Stephen Carl Silverberg's motion seeking: (1) pursuant to Bankruptcy Rule 8007(a), a stay of any enforcement action that may proceed as a consequence of the Court's Order dated February 11, 2026, dismissing the Debtor's Chapter 11 case (the "Dismissal Order"), pending disposition of the Debtor's appeal to the United States District Court for the Eastern District of New York, (2) a stay of any foreclosure enforcement proceedings relating to the Debtor's real property located at 24 Danville Drive, Greenlawn, NY 11740 (the "Property"), (3) a waiver of any requirement that the Debtor post a supersedeas bond or other security as a condition of the stay, and (4) such other and further relief as the Court deems just and proper. According to Schedule A/B filed by the Debtor in this Chapter 11 case, the Debtor owns the residential real property located at 24 Danville Drive, Greenlawn, NY 11740, which is the Debtor's primary residence and which the Debtor valued at $1.3 million The Debtor listed one secured claim in Schedule D held by The Bank of New York Mellon fka The Bank of New York (the "Secured Creditor"), in the amount of $1,494,385.00, which secured the Property. The Debtor marked this claim as contingent, unliquidated, and disputed, though a judgment of foreclosure and sale had been entered by the Supreme Court of New York State, County of Suffolk ("State Court") in June 2024 with respect to the Property. According to the Secured Creditor, the Debtor has not made mortgage, real estate tax, and insurance payments on the Property since December 2007. The Debtor did not file a disclosure statement or Chapter 11 plan in this case. In April 2007, the Debtor executed a consolidated promissory note in the sum of $479,000.00, which was secured by a mortgage granting a security interest in the Property. After the Debtor defaulted under the terms of the loan agreements beginning in December 2007, the Secured Creditor commenced a foreclosure action in May 2008 in State Court (the "First Foreclosure Action"). The Debtor filed a motion to dismiss the complaint in the First Foreclosure Action, which was denied by order of the State Court dated September 24, 2008. The Debtor appealed this order to the Appellate Division, Second Department, which reversed the State Court on June 7, 2011, holding that the Secured Creditor failed to establish standing to commence the foreclosure action. On April 21, 2014, the Secured Creditor commenced a second foreclosure action in State Court (the "Second Foreclosure Action"), and the State Court entered a judgment of foreclosure and sale on June 27, 2024. On October 21, 2025, the Secured Creditor filed a motion to dismiss the Debtor's Chapter 11 case pursuant to 11 U.S.C. Sec. 1112(b), or in the alternative, convert the case to one under Chapter 7 of the Bankruptcy Code, with a return date of November 20, 2025. On December 15, 2025, the United States Trustee filed a motion to dismiss the Debtor's Chapter 11 case pursuant to 11 U.S.C. Sec. 1112(b), or in the alternative, convert the case to one under Chapter 7 of the Bankruptcy Code with a return date of January 29, 2026. The Court granted the U.S. Trustee Motion at the January 29, 2026 hearing, dismissing the Debtor's Chapter 11 case for cause pursuant to section 1112(b) of the Bankruptcy Code, and entered the Dismissal Order on February 11, 2026. The Debtor has stated several times on the record that the primary purpose of this Chapter 11 case was to contest the validity of the mortgage securing the Property or to challenge the judgment of foreclosure and sale as being void ab initio. As of the date of the hearing on the U.S. Trustee Motion, the Debtor had not commenced any adversary proceedings to contest the validity of the mortgage or the judgment of foreclosure and sale with respect to the Property. The Court finds that the Debtor has not made the requisite showing on the likelihood of success on appeal because there are no serious questions going to the merits of the case and the balance tips decidedly in favor of denying a stay. Indeed, the Court finds that a likelihood of success on appeal is completely lacking in this case. In the Debtor's Chapter 11 case, the Court determined that cause existed under 11 U.S.C. Sec. 1112(b) to dismiss the Debtor's case. The Court found cause to dismiss the Debtor's Chapter 11 case under Section 1112(b)(4)(A) of the Bankruptcy Code for substantial or continuing loss to or diminution of the estate and the absence of a reasonable likelihood of rehabilitation. The Court also found that cause existed under 11 U.S.C. Sec. 1112(b) for a bad faith filing because on the petition date there was no reasonable likelihood that the Debtor intended to reorganize and no reasonable probability that it would eventually emerge from bankruptcy proceedings. This case also demonstrated the objective futility of any possible reorganization in the filing of the Debtor's case. In this case, the Secured Creditor had a secured claim in the amount of approximately $1.5 million with respect to the Property (which the Debtor valued at $1.3 million), and the Debtor had a small amount of unsecured claims. Thus, given the Debtor's lack of disposable income and monthly cash flow loss, the Debtor was unable to demonstrate that he could propose a plan that would pay the Secured Creditor in full. In this case, the Debtor did not articulate good and sufficient reasons to rebut the presumption of bad faith or that unusual circumstances existed, demonstrating that dismissal was not in the best interest of creditors. Furthermore, the circumstances showed that dismissal was, in fact, in the best interest of creditors because, given the Debtor's failure to make post-petition mortgage, real estate tax, and insurance payments, any further delay would prejudice the interests of the Secured Creditor with respect to the Property and continue to diminish the value of the estate. In this case, the Secured Creditor has filed a notice of sale, scheduling a sale of the Property for April 23, 2026. Absent mitigating factors, there are grounds to find irreparable harm absent a stay because of the loss of the Debtor's primary residence and likely imminent eviction thereafter. Despite these drastic consequences, the Debtor did not once mention in the Stay Motion or provide any facts pertaining to an imminent eviction or threat of homelessness that would result from the sale of the Property. Rather, the Debtor focused on the transfer of title, the loss of property rights, and loss of appellate review that would result from a foreclosure sale absent a stay. In this case, the Debtor has not made mortgage, real estate tax, and insurance payments on the Property since December 2007. In addition, the interest and fees on the mortgage debt continues to accrue, and if a stay is issued, the Secured Creditor will likely need to incur further costs to maintain the value of its collateral and priority of its lien (due to potential real estate tax liens that could arise if real estate taxes are not paid). Thus, the mortgage debt and the costs associated with it continue to grow with each day that passes in this case. The Court finds that denial of a stay would promote the expeditious administration of bankruptcy proceedings because the Debtor has demonstrated an unwillingness and inability to timely pay his mortgage obligations since 2007, and the Secured Creditor has been unable to exercise its rights under the mortgage as the Debtor has twice filed for bankruptcy on the day of a scheduled foreclosure sale, triggering in each instance the automatic stay. The Court also finds that denial of a stay would prevent abuse of the bankruptcy system because the record demonstrates that the Debtor filed for Chapter 11 bankruptcy, not for the purpose of reorganizing his debt or repaying creditors, but to re-litigate already-decided state court issues, collaterally attack a judgment of foreclosure and sale entered by the State Court, and delay the lawful exercise of rights and remedies of the Secured Creditor with respect to the Property. As such, the public interest does not favor granting a stay pending appeal. The Court finds the Debtor has not carried his burden to show that a stay is warranted under the standard used by courts in determining whether to grant a stay pending appeal under Bankruptcy Rule 8007(a)(1)(A). A copy of the Court's Memorandum Decision and Order dated April 13, 2026, is available at http://urlcurt.com/u?l=XVLyugfrom PacerMonitor.com. Stephen Carl Silverberg filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No. 25-73436) on September 9, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Stephen Silverberg, Esq. STOLI GROUP: Affiliate Trustee Asks Court to Approve Broker Hire ---------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that the Chapter 11 trustee handling the bankruptcy of Kentucky Owl LLC has asked a Texas bankruptcy judge to authorize the hiring of a broker to sell the company’s whiskey inventory. The trustee argued that specialized marketing expertise is needed to obtain the best possible value for the remaining stock, which is a significant asset in the case. The broker would oversee the sales process and help reach qualified buyers. Approval of the request would allow the trustee to move forward with liquidating inventory in an organized manner. The step is intended to maximize returns for creditors in the Chapter 11 proceedings, the report states. About Stoli Group (USA) LLC Stoli Group (USA), LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At the time of the filing, Stoli Group (USA) reported $100 million to $500 million in assets and $10 million to $50 million in liabilities while Kentucky Owl reported $50 million to $100 million in assets and $50,000,001 to $100 million in liabilities. Judge Scott W. Everett handles the cases. Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's legal counsel. TAMPA LIFE: Liquidating Trustee Hires Dal Lago Law as Counsel ------------------------------------------------------------- Steven J. Solomon, in his capacity as Successor Liquidating Trustee of Tampa Life Plan Village, Inc., seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Dal Lago Law as conflicts counsel. The firm will provide these services: (a) represent the Liquidating Trustee in connection with the Adversary Proceeding styled Steven J. Solomon, as Liquidating Trustee v. TK Elevator Corporation; and (b) represent the Liquidating Trustee in any related litigation against TK Elevator Corporation involving avoidance and recovery claims under 11 U.S.C. Secs. 547, 548, and 550 and related claims. Dal Lago Law will be compensated at its standard hourly rates and reimbursed for reasonable and necessary expenses. Compensation statements (a) need not comply with UST fee guidelines; (b) will be submitted no more frequently than monthly; (c) will be subject to a 10 day objection period; and (d) shall be payable absent timely objection. Dal Lago Law is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14) and does not hold or represent an interest adverse to the Liquidating Trust with respect to the matters upon which it is to be employed. The firm can be reached at: Michael R. Dal Lago, Esq. DAL LAGO LAW 999 Vanderbilt Beach Road, Suite 200 Naples, FL 34108 Telephone: (239) 571-6877 E-mail: mike@dallagolaw.com About Tampa Life Plan Village Tampa Life Plan Village, Inc. d/b/a Unisen Senior Living in Tampa, Florida, is a not-for-profit lifecare retirement. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-01885) on April 5, 2024. In the petition signed by Ronald Shuck, director, the Debtor disclosed up to $50 million in assets and up to $500 million in liabilities. Judge Roberta A. Colton oversees the case. Steven R. Wirth, Esq., at Akerman LLP, is the Debtor's legal counsel. TARPON SPRINGS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Tarpon Springs Assisted Living at Walton Place, LLC d/b/a Walton Place 5901 US Hwy. 19 New Port Richey, FL 34652 Business Description: Tarpon Springs Assisted Living at Walton Place, LLC, based in New Port Richey, Florida, operates an assisted living facility in Tarpon Springs, Florida, that provides residential senior care services including assistance with activities of daily living, medication management, meal preparation, housekeeping, and memory care support. Organized as a Florida limited liability company in 2015, the company serves elderly residents requiring supervised living and long-term residential support in the Pasco County senior care market. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-03349 Debtor's Counsel: Scott A. Stichter, Esq. STICHTER, RIEDEL, BLAIN & POSTLER, P.A. 110 E. Madison St. Suite 200 Tampa, FL 33602 Tel: (813) 229-0144 Email: ssticther@srbp.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Mary A. Burnard as manager. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CBEJASY/Tarpon_Springs_Assisted_Living__flmbke-26-03349__0001.0.pdf?mcid=tGE4TAMA TEMPERATURE CONTROL: Gets Extension to Access Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, issued A second interim order authorizing Temperature Control & Maintenance Inc. to use the cash collateral of the U.S. Small Business Administration to continue operating its business. The court authorized the Debtor to use the SBA's cash collateral through May 27 according to an approved operating budget, which projects total operational expenses of $13,205 for May. The Debtor must strictly follow the line-item budget and cannot make additional payments or distributions unless the secured lender gives written consent or the court approves a modification. The SBA, as secured lender, holds a claim exceeding $402,000 secured by a blanket lien on the Debtor's assets. To protect its interests, the SBA will be granted replacement liens on the Debtor's existing and newly acquired assets. These liens maintain the same priority and validity as the SBA's pre-petition security interests and ensure that the lender remains protected if the value of its collateral decreases due to the Debtor's use of funds. The order also requires the Debtor to allow the lender to inspect financial records and collateral, maintain insurance on the assets, properly manage and maintain collateral, and include trustee fees in its operating budget. The interim order remains effective until May 27 when the court will hold a status hearing and consider any objections filed by interested parties regarding continued use of cash collateral. The order is available at https://is.gd/O6wJ74 from PacerMonitor.com. About Temperature Control Maintenance Inc Temperature Control Maintenance Inc is a heating and air-conditioning repair and maintenance business serving Kane and Cook Counties, Illinois. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-02022) on February 3, 2026. In the petition signed by Anthony Mojarro, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. James A.Young, Esq., at James Young Law, represents the Debtor as legal counsel. TERRAFORM LABS: Jane Street Seeks Insider Trading Suit Dismissal ---------------------------------------------------------------- Bob Van Voris of Bloomberg News reports that Jane Street Group has asked a court to dismiss a lawsuit alleging it engaged in insider trading prior to the collapse of cryptocurrencies issued by Terraform Labs. In its latest filing, Jane Street denied all allegations of market abuse raised by the bankruptcy official managing Terraform's liquidation. The firm argued that the case improperly attempts to hold it liable for losses tied to Terraform's own actions. Jane Street described the lawsuit as an attempt to recover funds from a third party to cover damages resulting from Terraform's internal fraud. It cited the guilty plea and sentencing of Do Kwon as evidence of the company's misconduct, the report states. The firm further argued that long-standing legal rules prohibit such claims when they rely on a plaintiff's own wrongdoing. It asked the judge to dismiss the complaint entirely for failure to state a valid claim, according to report. About Terraform Labs Terraform Labs Pte. Ltd. -- https://www.terra.money -- is a startup that created Terra, a blockchain protocol and payment platform used for algorithmic stablecoins. It was co-founded by Do Kwon and Daniel Shin in 2018 in Seoul, South Korea. Terraform Labs introduced its first cryptocurrency token, TerraUSD, in 2019. Investment firms like Arrington Capital, Coinbase Ventures, Galaxy Digital, and Lightspeed Venture Partners helped Terraform Labs raise more than $200 million. The collapse of the stablecoins TerraUSD (UST) and Luna in May 2022 caused the temporary suspension of the Terra network, wiping out over $45 billion in market capitalization in a single week. Both of Terra Form Labs' founders have encountered legal problems as a result of the devaluation of the company's currency. In September 2022, South Korean prosecutors filed a warrant for Do Kwon's arrest. He was also added to Interpol's Red Notice list, which urges other law enforcement to find and detain him. Terraform Labs Pte. Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-10070) on Jan. 22, 2024. In the petition filed by Chris Amani, as chief executive officer, the Debtor estimated assets and liabilities between $100 million and $500 million each. The Debtor is represented by Zachary I Shapiro, Esq., at Richards, Layton & Finger, P.A. THREE BROTHERS REALTY: Seeks Chapter 7 Bankruptcy in Massachusetts ------------------------------------------------------------------ On April 20, 2026, Three Brothers Realty Management LLC filed for Chapter 7 protection in the District of Massachusetts bankruptcy court. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to approximately 1 to 49 creditors. About Three Brothers Realty Management LLC Three Brothers Realty Management LLC is a real estate management company involved in property oversight, leasing, and asset administration services. Three Brothers Realty Management LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10885) on April 20, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Christopher J. Panos handles the case. The Debtor is represented by Joseph G. Butler, Esq. of Law Office of Joseph G. Butler. TPI COMPOSITES: Plan Confirmation Hearing Scheduled for May 21 -------------------------------------------------------------- In re: TPI COMPOSITES, INC., et al., Debtors (Bankr. S.D. Tex. Lead Case No. 25-34655 (CML)), on April 10, 2026 the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") held a hearing (the "Conditional Disclosure Statement Hearing") at which it conditionally approved the Disclosure Statement for Amended Joint Chapter 11 Plan of TPI Mexico V, LLC (Case No. 25-90295 (CML)) and TPI Mexico VI, LLC, (Case No. 25-90296 (CML)), filed on April 10, 2026 (including any exhibits and schedules thereto and as may be amended, supplemented, or otherwise modified from time to time, the "Disclosure Statement") of Debtors TPI Mexico V, LLC ("TPI MX V") and TPI Mexico VI, LLC ("TPI MX VI" and, together with TPI MX V, "TPI MX V & VI"), and thereafter entered an order (Docket No. 859) (the "Disclosure Statement Order") with respect thereto. The Disclosure Statement Order, among other things, authorizes TPI MX V & VI to solicit votes to accept the Amended Joint Chapter 11 Plan of TPI Mexico V, LLC and TPI Mexico VI, LLC, filed on April 10, 2026 (including any exhibits and schedules thereto and as may be amended, supplemented, or otherwise modified from time to time, the "Plan"). A hearing to consider confirmation of the Plan and final approval of the Disclosure Statement (the "Combined Hearing") has been scheduled for May 21, 2026 at 1:00 p.m. (Central Time), before the Honorable Judge Lopez, United States Bankruptcy Judge, in the Bankruptcy Court. The Combined Hearing may be adjourned or continued from time to time by the Bankruptcy Court without further notice other than by a Court announcement providing for such adjournment or continuation on its agenda. The Plan may be modified, if necessary, prior to, during, or as a result of the Combined Hearing. Holders of Claims in Class 3 (Senior Secured Term Loan Claims) and Class 4 (General Unsecured Claims) as of April 6, 2026 (the "Voting Record Date") that are otherwise eligible to vote on the Plan shall be entitled to vote to accept or reject the Plan. If you received a Solicitation Package, including a Ballot and intend to vote on the Plan you must (a) follow the instructions carefully, (b) complete all of the required information on the Ballot, and (c) execute and return your completed Ballot according to and as set forth in detail in the voting instructions on your Ballot so that it is actually received by TPI MX V & VI's solicitation and voting agent, Kroll Restructuring Administration LLC ("Kroll" or the "Solicitation Agent") on or before May 13, 2026 at 4:00 p.m. (Central Time) (the "Voting Deadline"). ANY FAILURE TO FOLLOW THE VOTING INSTRUCTIONS INCLUDED WITH YOUR BALLOT MAY DISQUALIFY YOUR BALLOT AND YOUR VOTE. Holders of Claims or Interests in Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 5 (Intercompany Claims), and Class 6 (Existing Equity Interests) are not entitled to vote on the Plan and will not receive a Ballot. If you disagree with the amount set forth by TPI MX V & VI for your Claim in the Schedules or if you have filed a proof of claim and disagree with either (a) TPI MX V & VI's objection to your Claim and believe that you should be entitled to vote on the Plan or (b) TPI MX V & VI's classification or request for estimation of your Claim and believe that you should be entitled to vote on the Plan in a different amount or Class or against a different Debtor, then you must file with the Bankruptcy Court a motion (a "Rule 3018(a) Motion") for an order pursuant to Rule 3018(a) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") temporarily allowing your Claim in a different amount or in a different Class or against a different Debtor for purposes of voting to accept or reject the Plan. All Rule 3018(a) Motions must be filed on or before April 23, 2026 at 4:00 p.m. (Central Time). Rule 3018(a) Motions that are not timely filed and served in the manner set forth above shall not be considered. As to any holder filing a Rule 3018(a) Motion, such holder's Ballot will be counted as provided in the Solicitation and Voting Procedures, appended as Schedule 1 to the Disclosure Statement Order except as may be otherwise ordered by the Bankruptcy Court. Holders may contact Kroll by (i) e-mail at TPIinfo@ra.kroll.com, (ii) writing to TPI Composites, Inc. Ballot Processing Center, c/o Kroll Restructuring Administration LLC, 850 Third Avenue, Suite 412, Brooklyn, NY 11232, or (iii) via telephone at (877) 280-2696 (U.S./Canada Toll-Free) or +1 (646) 290-7082 (outside of the U.S.) to receive an appropriate Ballot for any Claim for which a proof of claim has been timely filed and a Rule 3018(a) Motion has been granted. The deadline to object or respond to confirmation of the Plan or final approval of the Disclosure Statement is May 13, 2026 at 4:00 p.m. (Central Time) (the "Plan Objection Deadline"). Objections and responses, if any, to confirmation of the Plan must (i) be in writing, (ii) conform to the Bankruptcy Rules, the Bankruptcy Local Rules, and any order of the Court, (iii) set forth the name of the objecting party and the nature and amount of Claims or Interests held or asserted by the objecting party against TPI MX V & VI's estates or property, and (iv) provide the basis for the objection and the specific grounds therefor, and, if practicable, a proposed modification to the Plan that would resolve such objection. Registered users of the Court's case filing system are required to electronically file their objections and responses on or before the Plan Objection Deadline and all other parties in interest are required to file their objections and responses in writing, together with proof of service thereof, with the United States Bankruptcy Court Clerk's Office, Nathan Ochsner, Clerk of Court, P.O. Box 61010, Houston, Texas 77208, on or before the Plan Objection Deadline. Any party in interest wishing to obtain information about the solicitation procedures or copies of the Disclosure Statement, the Plan, or other solicitation materials should contact Kroll through (i) e-mail at TPIinfo@ra.kroll.com (with "TPI Solicitation Inquiry" in the subject line), (ii) writing to TPI Composites Inc. Ballot Processing Center, c/o Kroll Restructuring Administration LLC, 850 Third Avenue, Suite 412, Brooklyn, NY 11232, or (iii) via telephone at (877) 280-2696 (U.S./Canada Toll-Free) or +1 (646) 290-7082 (outside of the U.S.). Interested parties may also access, review, and download the Disclosure Statement and the Plan free of charge at https://restructuring.ra.kroll.com/TPIComposites About TPI Composites TPI Composites -- https://tpicomposites.com/ -- is a leading wind-blade manufacturer and the only independent wind blade manufacturer with a global footprint. On Aug. 11, 2025, TPI Composites, Inc. and several subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 25-34655). TPI disclosed $591,709,000 in total assets against $1,077,146,000 in total debt as of June 30, 2025. Bankruptcy Judge Christopher M. Lopez handles the case. Weil, Gotshal & Manges LLP is serving as legal counsel, Jefferies LLC. is serving as financial advisor, and Alvarez & Marsal North America, LLC is serving as restructuring advisor to TPI. Kroll is the claims agent. Sullivan & Cromwell LLP and Moelis & Company are serving as advisors to senior secured lenders. Bracewell, LLP, is advising Oaktree Capital Management L.P., as DIP agent. The official committee of unsecured creditors retained Lowenstein Sandler LLP as counsel, Munsch Hardt Kopf & Harr, P.C. as co-counsel, and Berkeley Research Group, LLC as its financial advisor. TRANSOCEAN LTD: Adds $445MM to Backlog with Petrobras Rig Extension ------------------------------------------------------------------- Transocean Ltd. announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected to contribute approximately $445 million in incremental backlog and commit the rig through November 2030. Prior to the extension period, from April 1, 2026, until the commencement of the new contract in September 2027 (approximately 525 days), the existing backlog will be reduced by approximately $20 million. About Transocean Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the offshore drilling business, with a particular focus on ultra-deepwater and harsh environment drilling services. As of Feb. 14, 2024, the Company owned or had partial ownership interests in and operated 37 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and nine harsh environment floaters. Additionally, as of Feb. 14, 2024, the Company was constructing one ultra-deepwater drillship. As of December 31, 2025, the Company had $15.6 billion in total assets, $1.3 billion in total current liabilities, $6.2 billion in long-term liabilities, and $8.1 billion in total equity. * * * In Feb. 2026, S&P Global Ratings placed all ratings on offshore drilling contractor Transocean Ltd., including the 'CCC+' Company credit rating, on CreditWatch with positive implications. The CreditWatch placement reflects the likelihood that S&P will raise its ratings by one notch on Transocean after the deal closes, assuming the transaction is completed as proposed and there are no substantial changes to its operating assumptions. Transocean Ltd. announced it will acquire Valaris Ltd. for $5.8 billion of stock and the assumption of Valaris' $1.1 billion of debt. The acquisition would improve leverage and cash flow metrics while also enhancing scale and diversification. TRICOLOR AUTO: M&T Unit Seeks to Transfer Suit to Bankruptcy Court ------------------------------------------------------------------ Alex Wittenberg of Law360 Bankruptcy Authority reports that Wilmington Trust, an affiliate of M&T Bank, has urged a court to transfer a lawsuit tied to its role as custodian for trusts connected to Tricolor Holdings into bankruptcy court. The suit alleges that the firm failed to meet its responsibilities in overseeing trust assets. In its filing, Wilmington Trust argued that the dispute is deeply intertwined with ongoing bankruptcy proceedings and should be adjudicated there. The company said consolidating the matter would streamline litigation and reduce the risk of inconsistent outcomes. The motion underscores Wilmington Trust's position that bankruptcy court is best equipped to handle claims arising from the restructuring process. It is seeking to centralize all related litigation stemming from the Tricolor trusts within a single judicial forum, according to report. About Tricolor Auto Acceptance Tricolor Auto Acceptance is an Irving, Texas-based subprime auto lender. Tricolor Auto Acceptance, together with its parent Tricolor Auto Group and other affilites sought relief under Chapter 7 of the U.S. Bankruptcy Code(Bankr. N.D. Tex. Case No. 25-33497) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Debtor is represented by Thomas Robert Califano, Esq. at Sidley Austin LLP. TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (GIB), LLC received 25th interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to continue to use cash collateral. The court's 25th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a fee carveout. The termination events under the 25th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21st interim order. The next hearing is set for May 19. The 25th interim order is available at https://shorturl.at/sWMwO from PacerMonitor.com. About Trimont Energy (GIB) Trimont Energy (GIB), LLC is a Houston-based company, which operates in the oil and gas extraction industry. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 23-11869) on Oct. 25, 2023, with $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC represents the Debtor as legal counsel. TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral ---------------------------------------------------------------- Trimont Energy Limited, Inc. received 25th interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 25th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As adequate protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a carveout. The termination events under the 25th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 25th interim order. The next hearing is set for May 19. The 25th interim order is available at https://shorturl.at/UCALK from PacerMonitor.com. About Trimont Energy Limited Inc. Trimont Energy Limited, Inc., a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11872) on October 25, 2023, listing between $1 million and $50 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor is represented by: Douglas S. Draper, Esq. Heller, Draper & Horn L.L.C. Tel: 504-299-3300 Email: ddraper@hellerdraper.com TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (NOW), LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 25th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive allowed superpriority administrative expense claims, subject to a fee carveout. The termination events under the 25th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21th interim order. The next hearing is set for May 19. The 25th interim order is available at https://shorturl.at/fbEU9 from PacerMonitor.com. About Trimont Energy (Now) Trimont Energy (NOW) LLC, a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11868) on October 25, 2023, listing $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor tapped Heller, Draper, & Horn, LLC as legal counsel; Chaffe & Associates, Inc. as financial advisor; and Christopher O. Ryals of RCO Capital, LLC as chief operating officer. TRIPLE STICKS: Seeks to Hire Spencer Fane LLP as Legal Counsel -------------------------------------------------------------- Triple Sticks Foods, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Illinois to hire Spencer Fane LLP to serve as counsel. The firm will provide these services: (a) advising the Debtor regarding the administration of this Case, compliance with local rules, procedures, forms, and other matters; (b) advising and representing the Debtor with respect to the Debtor's retention of professionals and advisors with respect to the Debtor's business and this Case; (c) advising and representing the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of liens and participating in and reviewing any proposed asset sales, asset dispositions, financing arrangements and cash collateral stipulations or proceedings; (d) advising and representing the Debtor in any manner relevant to reviewing and determining the Debtor's rights and obligations under leases and other contracts; (e) advising and representing the Debtor in investigating the acts, conduct, assets, liabilities and financial condition of the Debtor, the Debtor's operations and the desirability of the continuance of any portion of those operations, and any other matters relevant to this Case or to the formulation of a plan; (f) advising and representing the Debtor in connection with any sale of the Debtor's assets; (g) advising and representing the Debtor in its participation in the negotiation, formulation, or objection to any plan of liquidation or reorganization; (h) advising the Debtor on the issues concerning the appointment of a trustee or examiner under Section 1104 of the Bankruptcy Code; (i) advising and representing the Debtor in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Debtor; (j) advising and representing the Debtor in the evaluation of claims and on any litigation matters, including avoidance actions; and (k) providing such other services to the Debtor as may be necessary in this Case. The firm's current hourly rates are $440 to $1,300 for partners, $330 to $1,040 for of counsel, $325 to $770 for associates, and $165 to $465 for paralegals. Specific rates include $830 per hour for Eric C. Peterson, $850 per hour for Ryan C. Hardy, $640 per hour for Camber M. Jones, and $240 per hour for paralegals. The firm also received a $100,000 retainer, with $91,362 already applied to prepetition services and $8,638 remaining. Spencer Fane 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: Eric C. Peterson, Esq. Ryan C. Hardy, Esq. SPENCER FANE LLP 1 North Brentwood Boulevard, Suite 1200 St. Louis, MO 63105 Telephone: (314) 863-7733 Facsimile: (314) 862-4656 E-mail: epeterson@spencerfane.com E-mail: rhardy@spencerfane.com - and - Camber M. Jones, Esq. SPENCER FANE LLP 2144 E. Republic Rd., Suite B300 Springfield, MO 65804 Telephone: (417) 888-1000 Facsimile: (417) 888-1035 E-mail: cjones@spencerfane.com About Triple Sticks Foods, LLC Triple Sticks Foods, LLC is a Belleville, Illinois-based frozen food manufacturer that produces ready-to-eat sandwiches and other handheld food products, operating a production facility equipped with automated assembly and blast-freezing capabilities to support large-scale output. Founded in 2017, the company provides co-manufacturing and private-label services to foodservice operators and retail brands, including school meal programs. Triple Sticks Foods, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30341) on April 16, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $10,000,001 and $50 million. Judge not specified oversees the case. Spencer Fane LLP is Debtor's legal counsel. UG PROPERTIES: Seeks to Hire Chip Parker as Co-Counsel ------------------------------------------------------ UG Properties, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Chip Parker, Esq. of Blue Bee Bankruptcy Law to serve as co- and local counsel in this Chapter 11 bankruptcy case. Mr. Parker will provide these services: (a) advise Debtor with respect to its powers and duties as Debtor-inpossession; (b) advise Debtor with respect to its responsibilities in complying with the US Trustee's Operating Guidelines and Reporting Requirements and with the Local Rules of this Court; (c) prepare motions, pleadings, orders, applications, disclosure statements, plans of reorganization, adversary proceedings, and other such legal documents necessary in the administration of this case; (d) protect the interest of Debtor in all matters pending before the Court; and (e) represent Debtor in negotiations with its creditors and in preparation of the disclosure statement and plan of reorganization. Mr. Parker will receive an hourly rate of $550. Chip Parker and the attorneys of Blue Bee Bankruptcy Law are "disinterested" as required by Sec. 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: Chip Parker, Esq. BLUE BEE BANKRUPTCY LAW 225 South 200 East, Ste. 140 Salt Lake City, UT 84111 Telephone: (801) 624-6767 Facsimile: (801) 624-6703 E-mail: bkservice@b3.law About UG Properties, LLC UG Properties, LLC owns fee simple interests in properties in Brigham City, Utah, Inglewood, California, and Bell Gardens, California. UG Properties, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 26-22008) on April 9, 2026. At the time of the filing, Debtor had estimated assets of between not provided and liabilities of between not provided. Judge Michael F. Thomson oversees the case. Blue Bee Bankruptcy Law is Debtor's legal counsel. UG PROPERTIES: Seeks to Hire Weiss Law Group as Counsel ------------------------------------------------------- UG Properties, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire The Weiss Law Group, LLC and Brett Weiss, Esq. as co- and lead counsel in this Chapter 11 case. The firm's services will include: (a) providing legal advice with respect to the powers, rights, and duties of the Debtor and Debtor-in-Possession; (b) providing legal advice and consultation related to the legal and administrative requirements of this case, including assisting the Debtor and co-counsel in complying with the procedural requirements of the Office of the United States Trustee; (c) taking appropriate actions to protect and preserve the Estate, including prosecuting actions on the Debtor's behalf, defending actions commenced against the Debtor, and representing the Debtor's interests in any negotiations or litigation; (d) preparing appropriate documents and pleadings, including but not limited to Schedules, Applications, Motions, Answers, Orders, Complaints, Reports, Disclosure Statements, Plans, and other documents appropriate to the administration of the Estate; (e) representing the Debtor's interests at the Initial Debtor Interview, the Meeting of Creditors, and other hearings before this Court; (f) assisting and advising the Debtor in the formulation, negotiation, and implementation of a Disclosure Statement and Chapter 11 Plan; (g) assisting and advising the Debtor with respect to transactions, including the sale, transfer, financing, and refinancing of assets; (h) assisting and advising the Debtor regarding the use of cash collateral and obtaining financing; (i) reviewing and analyzing claims and representing the Debtor in connection with objections; (j) assisting and advising the Debtor with respect to executory contracts and unexpired leases; (k) coordinating with other professionals employed in the case; (l) reviewing and analyzing pleadings and documents filed with the Bankruptcy Court and advising the Debtor; (m) communicating with creditors and other parties in interest; (n) coordinating with co-counsel; and (o) performing all other legal services required by the Debtor. The firm received a retainer in the amount of $30,000 and currently holds $21,312 in escrow. The firm will charge hourly rates of $695 for Brett Weiss and $195 for paralegals. The Applicant is a "disinterested person" within the meaning of Sections 101(14), 327(a), and 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached at: Brett Weiss, Esq. THE WEISS LAW GROUP, LLC 8843 Greenbelt Rd., #299 Greenbelt, MD 20770 Telephone: (301) 924-4400 Facsimile: (240) 627-4186 E-mail: brett@BankruptcyLawMaryland.com About UG Properties, LLC UG Properties, LLC owns fee simple interests in properties in Brigham City, Utah, Inglewood, California, and Bell Gardens, California. UG Properties, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 26-22008) on April 9, 2026. At the time of the filing, Debtor had estimated assets of between not provided and liabilities of between not provided. Judge Michael F. Thomson oversees the case. The Weiss Law Group, LLC is Debtor's legal counsel. UNCLE NEAREST: Can Collapse Within 30 Days w/o Court's Protection ----------------------------------------------------------------- Tabitha Evans Moore of The Lynchburg Times reports that Uncle Nearest Premium Whiskey is facing a potential shutdown within weeks unless it continues to receive court protection and outside funding, according to a recent filing. The company, created by Fawn Weaver to commemorate Nathan Nearest Green, has been relying on lender support and cost reductions to survive. Receiver Phillip G. Young Jr. told the court the business is financially distressed and operating under tight constraints. Backing from Farm Credit Mid-America and protections from creditor claims have allowed the company to continue operating while it seeks a buyer. Efforts to sell the business are advancing, with Arlington Capital Advisors marketing assets and seeking a lead bidder to anchor a potential auction. Interest in the company's holdings, including properties in Martha's Vineyard and Cognac, has been described as strong, though refinancing options have not materialized, according to report. Young also pointed to litigation by Fawn and Keith Weaver as a contributing factor to declining sales and reputational harm. The report further identified missing financial data, unresolved tax filings, and questionable related-party transactions, even as layoffs and improved collections have helped stabilize short-term finances. About Uncle Nearest Uncle Nearest is a whiskey producer. Uncle Nearest sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-30470) on March 17, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Suzanne H. Bauknight handles the case. The Debtor is represented by Kelli Danielle Holmes, Esq. of Tarpy, Cox, Fleishmann, & Leveille, PLLC. VANDERBILT MINERALS: Gets Court OK for Settlement w/ Parent Co. --------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that on Wednesday, April 22, 2026, a New York bankruptcy judge rejected creditor objections and approved a settlement between Vanderbilt Minerals and its parent company, enabling progress toward an asset sale in its Chapter 11 proceedings. The court determined that the settlement was reasonable and supported the efficient administration of the bankruptcy estate, despite challenges raised by creditors. The deal is designed to facilitate a smoother sale process, the report states. Following the ruling, Vanderbilt Minerals is positioned to move ahead with the disposition of its assets. The decision helps advance the restructuring and brings the company closer to resolving its bankruptcy case, the report relays. 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. VERITONE INC: Restates Q3 2025 Financials Due to Revenue Errors --------------------------------------------------------------- Veritone, Inc. disclosed in a regulatory filing that the management and the audit committee of the Board of Directors, after consideration of the relevant facts and circumstances, determined that the Company's previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon due to the following errors: * Management identified an error in the valuation of consideration received associated with an on-premise software sold and delivered to a customer in the quarter ended September 30, 2025, in exchange for a non-monetary asset. The error resulted in an approximate $2.2 million overstatement of revenue or approximately 8% and 3% of revenue (as previously reported) during the three and nine months periods ended September 30, 2025, respectively, and a corresponding overstatement of prepaid expenses and other current assets and long-term other assets; * Management identified errors that resulted in an approximate $0.2 million and $0.9 million overstatement of revenue in the three and nine month period ended September 30, 2025 or approximately 1% of revenue (as previously reported) in each period, and a corresponding $0.1 million and $0.7 million approximate overstatement of royalties expense, or approximately 1% and 3% of cost of revenue (exclusive of depreciation and amortization) (as previously reported) for the three and nine month period ended September 30, 2025, respectively, related to recognizing revenue for a transaction prior to meeting step 1 under ASC 606, Revenue from Contracts with Customers and clerical billing errors. The foregoing errors also resulted in a $0.9 million corresponding overstatement of accounts receivable as of September 30, 2025 or approximately 3% of accounts receivable (as previously reported) and a $0.7 million overstatement of royalties payable which are classified within accrued expenses and other current liabilities, which represented 2% of accrued expenses and other current liabilities (as previously reported) as of September 30, 2025; * Management identified an error that resulted in an approximate $0.4 million overstatement of cost of revenue (exclusive of depreciation and amortization) in the nine months period ended September 30, 2025 and a corresponding overstatement of accrued expenses and other current liabilities, which represented 2% of cost of revenue (exclusive of depreciation and amortization) (as previously reported) and 1% of accrued expenses and other current liabilities (as previously reported); * Management identified an error that resulted in an equal overstatement of revenue and cost of revenue (exclusive of depreciation and amortization) in the amounts of approximately $0.1 million and approximately $0.2 million, or less than 1% of revenue and cost of revenue (exclusive of depreciation and amortization) (as previously reported) during the three and nine month periods ended September 30, 2025, respectively. The foregoing error was the result of a misclassification of revenue and costs in transactions in which the Company acted as an agent under ASC 606, Revenue from Contracts with Customers; and * Management identified an error that resulted in an understatement of $1.0 million or approximately 2% of goodwill (as previously reported), understatement of $0.5 million or 1% of intangible assets, net (as previously reported), and overstatement of $1.5 million or 246% of accumulated other comprehensive income (loss) (as previously reported) as of September 30, 2025. The foregoing error resulted in an overstatement of $0.4 million and an understatement of $1.5 million of foreign currency translation adjustment, net of income taxes in the three and nine month period ended September 30, 2025, respectively. The impact of these errors on the unaudited condensed consolidated balance sheet as of September 30, 2025, the unaudited condensed consolidated statement of operations and comprehensive loss for the three and nine months ended September 30, 2025, and on the unaudited condensed consolidated statement of cash flows for the nine months ended September 30, 2025, are detailed in the Report on Form 8-K available at https://tinyurl.com/3dnzbk77 Any related press releases, stockholder communications, investor presentations or other communications describing relevant portions of the unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon. The Company intends to restate its prior period unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2025 in an amendment to the Company's Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025 (the "Q3 2025 Form 10-Q/A"), to be filed as soon as practicable. In addition, in connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2025, the Company's management identified immaterial errors within the Company's unaudited condensed consolidated interim financial statements as of June 30, 2025 and for the quarterly period ended June 30, 2025. Such immaterial errors will be corrected through revision of the Company's Q2 2025 unaudited condensed consolidated interim financial statements in the Q3 2025 Form 10-Q/A. The Company's restated unaudited balance sheet as of September 30, 2025, the unaudited consolidated statement of operations and comprehensive loss for the nine months ended September 30, 2025 and the unaudited cash flow statement for nine months ended September 30, 2025 will include the impact of immaterial error corrections related to Q2 2025. The Company's management had previously concluded and disclosed that the Company's disclosure controls and procedures were not effective at September 30, 2025 due to the existence of material weaknesses in internal control over financial reporting. In connection with the restatement discussed above, the Company also identified a material weakness in its internal control over financial reporting relating to revenue recognition, specifically as it relates to the determination of the appropriate accounting for non-routine revenue transactions. This material weakness aggregates with the Company's previously disclosed material weaknesses. Due to the material weaknesses, the Company has concluded that its disclosure controls and procedures and internal control over financial reporting were not effective as of December 31, 2025. The Company's management and the Audit Committee have discussed the matters disclosed in this Current Report on Form 8-K with Grant Thornton LLP, the Company's independent registered public accounting firm. About Veritone Veritone, Inc. is a provider of artificial intelligence computing solutions. The Company's proprietary AI operating system, aiWARETM, uses machine learning algorithms, or AI models, together with a unit of powerful applications, to reveal valuable insights from vast amounts of structured and unstructured data. Based on the Company's liquidity position as of the issuance of its Quarterly report on form 10-Q for the quarterly period ended September 30, 2025 the and the Company's current forecast of operating results and cash flows, absent any other action, management determined that there is substantial doubt about the Company's ability to continue as a going concern over the 12 months following the filing of this Quarterly Report on Form 10-Q, principally driven by the Company's debt repayment obligations, historical negative cash flows and recurring losses. As a result, the Company will require additional liquidity to continue its operations over the next 12 months. As of September 30, 2025, the Company had $200.2 million in total assets, $184.2 million in total liabilities, and a total stockholders' equity of $16 million. VERMILION ENERGY: Moody's Ups CFR to Ba3 & Alters Outlook to Stable ------------------------------------------------------------------- Moody's Ratings upgraded Vermilion Energy Inc.'s (Vermilion) corporate family rating to Ba3 from B1, the probability of default rating to Ba3-PD from B1-PD, and the senior unsecured ratings to B1 from B3. The outlook was changed to stable from positive. The Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-2. The upgrade reflects Vermilion's consistent financial policy track record supporting a conservative balance sheet, as well as its larger scale and improved organic growth prospects following the Westbrick acquisition. The company's enhanced cost profile and exposure to international benchmarks will also support resiliency and ongoing debt reduction. RATINGS RATIONALE Vermilion's CFR is supported by: (1) low financial leverage and steady debt reduction; (2) significant exposure to stronger international commodity prices compared to North American benchmarks, supporting cash margins; and (3) diversified portfolio of assets by geography and product, providing good capital allocation optionality. The ratings are challenged by (1) smaller scale compared to similarly rated peers; (2) a track record of limited growth in production and reserves; (3) modest free cash flow at mid-cycle prices; and (4) exposure to potentially unfavorable regulatory developments. Vermilion has good liquidity (SGL-2). At year end 2025, sources total about C$1.2 billion consisting of C$19 million in cash and C$1.08 million (after letters of credit of C$49 million) available under its C$1.35 billion revolving credit facility expiring May 2029. Sources also include C$24 million in proceeds from the announced divestiture in Croatia and Moody's free cash flow expectations. Under Moody's base case price assumptions, Moody's forecasts over $100 million free cash flow over the next 12 months. Moody's expects a majority of free cash flow to be allocated to reducing revolver drawings. Moody's expects Vermilion will remain in compliance with the financial covenants under its revolving credit facility. Alternate sources of liquidity, if needed, are good as the company is able to sell up to C$250 million worth of assets without requiring lender consent. The senior unsecured notes are rated B1, one notch below the Ba3 CFR, reflecting the priority ranking of the C$1.35 billion secured revolving credit facility. The stable outlook reflects Moody's views that Vermilion will continue to reduce debt while sustaining strong metrics with a good liquidity profile as it gradually increases production. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING The ratings could be upgraded if Vermilion demonstrates an ability to significantly increase production and replace reserves at competitive returns while generating strong positive free cash flow and sustaining its leveraged full-cycle ratio (LFCR) above 2x, with retained cash flow (RCF) to debt above 50%. The ratings could be downgraded if production or reserves decline, RCF to debt falls under 30% or the LFCR is sustained below 1x. The rating would also come under pressure if Vermilion generates sustained negative free cash flow or liquidity deteriorates. Vermilion is a public Canadian independent exploration and production (E&P) company, headquartered in Calgary, Alberta, that operates a range of onshore and offshore light oil and natural gas assets. The company has significant operations in Canada, Europe, and Australia. The principal methodology used in these ratings was Independent Exploration and Production published in February 2026. 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. VILLAGE HOMES: Sunset House Property Sale to Roger Wong OK'd ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, has granted Village Homes LP, 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 real properties are located in various subdivisions in Tarrant and Parker Counties, Texas. To finance its homebuilding operations, the Debtor maintains various credit and borrowing facilities with several financial institutions, including Simmons Bank. The Debtor entered into a Village Homes Purchase Agreement with Roger Wong, for the sale of the single-family home (Sunset House) on a pre-construction basis identified by the street address of 406 Sunset Lane, Fort Worth, Texas 76114. The Court has authorized the Debtor to sell the Property to Roger Wong for the purchase price of $530,999. The Sunset Property shall be sold free and clear of the liens pursuant to the Sunset DOT as to Lot 21R only, held by Simmons Bank. The Buyer of the Sunset Property, as identified in the Sunset Agreement, is not an "insider" of the Debtor. The Buyer of the Sunset Property is purchasing the Sunset Property in good faith and is a good faith purchaser. The Sunset Property shall be sold free and clear of all rights, claims, and interest, if any, of VilHom, including all rights, claims, and interests, if any, pursuant to the Asset Sale Contract or the Lis Pendens. 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. VILLAGE OAKS: Chapter 11 Trustee Seeks Cash Collateral Access ------------------------------------------------------------- Lisa Holder, the Chapter 11 trustee for the bankruptcy estate of Village Oaks Senior Care, LLC, asks the U.S. Bankruptcy Court for the Eastern District of California, Sacramento Division, for authority to allow and pay an administrative tax claim owed to the California Franchise Tax Board, and to authorize the use of cash collateral to make those payments. The trustee seeks approval to pay a total of $4,100 in taxes and fees, consisting of $3,300 for the fiscal year ending December 31, 2025, and $800 for the current fiscal year, both of which are identified as necessary obligations of the bankruptcy estate. The trustee says these taxes were prepared by the estate's court-appointed accountant and confirmed as owed, adding that sufficient estate funds are currently available to satisfy them. First-Citizens Bank & Trust Company, holds a claim secured by the Debtor's real property and associated assets, including equipment, accounts, and other business interests. Although First-Citizens asserts a broad security interest, the trustee says that payments under prior court orders are current and that the creditor is adequately protected through ongoing lease-related payments and previously authorized replacement liens. The trustee further says that the proposed use of cash collateral to pay the FTB does not harm secured creditors, as it is limited to necessary administrative expenses required for continued estate operations. A hearing on the matter is set for April 28, at 11 a.m. A copy of the motion is available at https://urlcurt.com/u?l=CyDA2b from PacerMonitor.com. About Village Oaks Senior Care Village Oaks Senior Care, LLC, a company in El Dorado Hills, Calif., owns and operates community care facilities for the elderly. Village Oaks Senior Care filed Chapter 11 petition (Bankr. E.D. Calif. Case No. 24-22206) on May 21, 2024, with total assets of $1,440,832 and total liabilities of $3,369,013 as of Dec. 31, 2023. Lisa Holder, Esq., a practicing attorney in Bakersfield, Calif., serves as Subchapter V trustee. Judge Christopher D. Jaime oversees the case. D. Edward Hays, Esq., at Marshack Hays Wood, LLP, is the Debtor's legal counsel. VILLAGE ROADSHOW: Court Confirms Joint Plan of Liquidation ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware approved the Disclosure Statement and confirmed the Joint Plan of Liquidation of Village Roadshow Entertainment Group USA Inc., and its debtor affiliates. The Court finds the Disclosure Statement contains (a) sufficient information of a kind necessary to satisfy the disclosure requirements of all applicable nonbankruptcy laws, rules, and regulations, including the Securities Act, and (b) "adequate information" (as such term is defined in section 1125(a) of the Bankruptcy Code and used in section 1126(b)(2) of the Bankruptcy Code) with respect to the Debtors, the Plan, and the transactions contemplated therein. The filing of the Disclosure Statement with the clerk of the Bankruptcy Court satisfied Bankruptcy Rule 3016(b). The Disclosure Statement is approved on a final basis as containing adequate information within the meaning of section 1125 of the Bankruptcy Code. The Plan is approved and confirmed in its entirety pursuant to section 1129 of the Bankruptcy Code. All remaining unresolved objections, statements, informal objections, and reservations of rights, if any, related to final approval of the Disclosure Statement or confirmation of the Plan are overruled on the merits, with prejudice. As shared by the Troubled Company Reporter, Village Roadshow Entertainment Group USA Inc. and its affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a Disclosure Statement for the Joint Chapter 11 Plan of Liquidation dated January 29, 2026. Debtor Village Roadshow Entertainment Group (BVI) Limited ("VREG BVI") is the parent holding company and the direct or indirect controlling member and/or shareholder of its Debtor subsidiaries. The Company is a leading independent producer and financier of major Hollywood motion pictures, having produced and released over 100 films since its inception in 1997. As a market-leading entertainment organization, the Company's affairs are complex. As of the Petition Date, the Debtors operated several different entities that were attached to two separate debt structures. The Company's primary assets are contractual rights and intellectual property related to motion picture films and television series. Shortly after commencing these Chapter 11 Cases, Solic launched the postpetition marketing process. This process was designed to build upon the prepetition efforts by marketing the Debtors' assets to an even broader group of potential buyers, which included the parties who were contacted prepetition and additional parties identified by the Debtors and their advisors. The expanded process included strategic and financial parties as well as distress-oriented investors who may be interested in the Debtors' intellectual property and fixed assets. On April 3, 2025, the Debtors received a letter proposal from Alcon Media Group, LLC setting forth a bid for the Library Assets, contingent upon being the new stalking horse bidder. As a result of the extensive good-faith negotiations, and in consultation with their other advisors, the Debtors determined that the Alcon Stalking Horse Bid for the Library Assets was the highest and best proposal received. On April 16, 2025, the Debtors filed a motion (the "Stalking Horse Supplement") seeking entry of an order (a) modifying the relief requested in the Bid Procedures and Sale Motion, (b) approving (i) the designation of Alcon as the new stalking horse bidder for the Debtors' Library Assets, (ii) the Debtors' entry into an asset purchase agreement with Alcon setting forth the terms of the Alcon Stalking Horse Bid for the Library Assets ("Alcon Stalking Horse APA"), and (iii) an expense reimbursement provided to Alcon pursuant to the terms of the Alcon Stalking Horse APA, and (c) granting related relief. On July 23, 2025, the sale of the Library Assets to Alcon closed, and the Debtors filed the Notice of Library Assets Sale Closing. Pursuant to the Library Assets Sale Order, the Debtors applied the proceeds of the Library Assets sale: (a) first to the ABS Trustee for the indefeasible payment in full of the outstanding Prepetition ABS Obligations in accordance with the Prepetition ABS Agreements; (b) second, to each of the DIP Secured Parties, amounts necessary to indefeasibly satisfy all of the Debtors' obligations owed to such DIP Secured Party in full in accordance with the DIP Documents and the Final DIP Order; (c) third, to fund the Warner Bros. Reserve; (d) fourth, to fund the Library Reserve; and (e) fifth, to the Sellers. Class 3A consists of Library Debtors General Unsecured Claims. On the Effective Date, or as soon as reasonably practicable thereafter, all Allowed Library Debtors General Unsecured Claims, other than the Warner Bros. Claims, will be paid in full from the Library Reserve, unless the Holder of an Allowed Library Debtors General Unsecured Claim and the Debtors or the Liquidation Trustee, as applicable, agree to less favorable treatment for such Holder, in full and final satisfaction of its Allowed Library Debtors General Unsecured Claim. Once the Warner Bros. Claims have been determined by Final Order or by agreement of the parties and become Allowed (if at all, or in whole or in part), the Warner Bros. Claims will be paid in full in the Allowed amount, first from the Warner Bros. Reserve, and second, to the extent that the Warner Bros. Reserve is insufficient to satisfy the Warner Bros. Claims, from the Library Reserve. Class 3A is Unimpaired, and Holders of Library Debtors General Unsecured Claims are conclusively presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. The allowed unsecured claims in Class 3A total $119,292,360. This Class will receive a distribution of 100% of their allowed claims. Class 3B consists of Non-Library Debtors General Unsecured Claims. On or prior to the Effective Date, the Debtors will fund the GUC Trust with the GUC Trust Amount and the GUC Trust Initial Funding Amount. Except to the extent that a Holder of an Allowed Non Library Debtors General Unsecured Claim and the Debtors or the Liquidation Trustee, as applicable, agree to less favorable treatment for such Holder, in full and final satisfaction of its Allowed Non-Library Debtors General Unsecured Claim, each Holder thereof will receive 85% of its Allowed Claim from the GUC Trust Net Amount; provided, for the avoidance of doubt, that if the value of the GUC Trust Net Amount exceeds the GUC Recovery, such excess amount shall be distributed to the Liquidation Trust for the sole and exclusive benefit of Holders of Senior Secured Notes Claims. Class 3B is Impaired, and Holders of Non-Library Debtors General Unsecured Claims are entitled to vote to accept or reject the Plan. The allowed unsecured claims total $8,579,606. This Class will receive a distribution of 85% of their allowed claims. On or after the Confirmation Date, the Debtors shall be authorized to take all actions as may be deemed necessary or appropriate to consummate any Sale Transactions pursuant to the terms of the Plan, the Sale Orders, any Sale Documents, and the Confirmation Order, and any such Sale Transactions shall be free and clear of any Liens, Claims, Interests, and encumbrances pursuant to sections 363 and 1123 of the Bankruptcy Code as of the earlier of (i) the closing date of such Sale Transaction and (ii) the Effective Date. On the Effective Date, the Debtors, on their own behalf and on behalf of the Liquidation Trust Beneficiaries, and the Liquidation Trustee shall execute the Liquidation Trust Agreement and take all other steps necessary to establish the Liquidation Trust pursuant to the Liquidation Trust Agreement. On the Effective Date, and in accordance with and pursuant to the terms of the Plan, the Debtors shall irrevocably transfer and shall be deemed to have irrevocably transferred to the Liquidation Trust all of their rights, title, and interests in all of the Liquidation Trust Assets and, in accordance with Section 1141 of the Bankruptcy Code, the Liquidation Trust Assets shall automatically vest in the Liquidation Trust free and clear of all Claims, Liens, encumbrances or interests, subject to the terms of the Liquidation Trust Agreement. Subject to the provisions of the Plan concerning the Professional Fee Reserve Account, the Debtors, the Liquidation Trustee or the GUC Trustee, as applicable, shall fund distributions under the Plan with Cash on hand on the Effective Date and the Debtors' other assets. A full-text copy of the Disclosure Statement dated January 29, 2026 is available at https://urlcurt.com/u?l=QeV72w from Kurtzman Carson Consultants, LLC, claims agent. A copy of the Court's Findings of Fact, Conclusions of Law, and Order dated April 17, 2026, is available at https://urlcurt.com/u?l=ZxuEdn from PacerMonitor.com. About Village Roadshow Entertainment Group Village Roadshow Entertainment Group USA Inc. and its affiliates are a prominent independent producer and financier of major Hollywood films, having produced over 100 successful movies since 1997. Their portfolio includes globally recognized blockbusters such as "Joker," "The Great Gatsby," and the "Matrix" trilogy. Before the WB Arbitration, which began in 2022, the Company had a profitable and well-established co-production and co-financing partnership with Warner Bros. Entertainment Inc. and its affiliates ("WB"), resulting in many successful projects. The Debtor's most valuable assets include its Film Library and Derivative Rights, stemming from its extensive and enduring film industry presence. Village Roadshow Entertainment Group USA Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-10475) on March 17, 2025. In the petitions signed by Keith Maib, chief restructuring officer, the Debtors disclosed up to $500 million in estimated assets and up to $1 billion in estimated liabilities. Bankruptcy Judge Thomas M. Horan handles the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP as local counsel; Sheppard, Mullin, Richter & Hampton LLP as bankruptcy counsel; Kirkland & Ellis LLP as special litigation counsel; Accordion Partners, LLC as financial and restructuring advisor; and Solic Capital Advisors, LLC as investment banker. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent and administrative advisor. VIRIDIS CHEMICAL: Court Sets May 8, 2026 General Claims Bar Date ---------------------------------------------------------------- In re VIRIDIS CHEMICAL, LLC, et al. (Bankr. S.D. Tex. Lead Case No. 26-90393), on March 8, 2026 (the "Petition Date"), Viridis Chemical, LLC and certain of its affiliates, as debtors and debtors in possession (collectively, the "Debtors") filed voluntary cases under chapter 11 of tithe 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Court"). Set forth below are the name and case number for each of the Debtors, if applicable: Viridis Chemical, LLC - Case No. 26-90393 Viridis Chemical Payroll Holdings, LLC - Case No. 26-90394 Viridis Chemical Payroll, LLC - Case No. 26-90395 Viridis Chemical NE Asset Co 1, LLC - Case No. 26-90396 Viridis Chemical NE Asset Co 2, LLC - Case No. 26-90397 On April 15, 2026, the Court entered an order (the "Bar Date Order") in the chapter 11 cases establishing certain deadlines for filing proofs of claim. Pursuant to the Bar Date Order, the Court has established: * May 8, 2026 at 5:00 p.m. (Prevailing Central Time) as the general bar date for filing Prepetition claims in the Debtors' chapter 11 cases (the "General Bar Date"); * September 4, 2026 at 5:00 p.m. (Prevailing Central Time) as the bar date for Governmental Units to file proofs of claim (the "Governmental Bar Date"); * the later of (i) the General Bar Date or the Governmental Bar Date, as applicable, and (ii) 5:00 p.m. (Prevailing Central Time), on the date that is 21 days date on which the Debtors provide notice of a previously unfiled Schedule or amendment or supplement to the Schedules as the bar date for claimants holding claims affected by such filing, amendment, or supplement to file proofs of claim (the "Amended Schedules Bar Date"); and * the later (i) the General Bar Date or the Governmental Bar Date, as applicable, and (ii) 5:00 p.m. (Prevailing Central Time) on the date that is 21 days following service of an order approving the rejection of any executory contract or unexpired lease of the Debtors as the bar date for claimants asserting claims resulting from the Debtor's rejection of an executory contract or unexpired lease to file Proofs of Claim for damages arising from such rejection (the "Rejection Damages Bar Date"). Persons and entities must file a proof of claim so that it is received on or before the applicable Bar Date. Proofs of claim may be submitted: (i) electronically through Epiq's website, using the interface available on such website located at https//dm.epiq11.com/case/viridischemical or (ii) by delivering the original proof of claim to: If by First-Class Mail: Viridis Chemical, LLC, Claims Processing Center c/o Epiq Corporate Restructuring, LLC P.O. Box 4419 Beaverton, OR 97076-4419. If by Overnight Mail or Hand Delivery: Viridis Chemical, LLC Claims Processing Center c/o Epiq Corporate Restructuring, LLC 10300 SW Allen Bivd. Beaverton, OR 97005 Proofs of claim will be deemed filed when actually received by Epiq. Proofs of claim may not be delivered via facsimile or electronic mail transmission. Any facsimile or electronic mail submissions will not be accepted. All Proof of Claim Forms must be signed by the claimant or, if the claimant is not an individual, by an authorized agent of the claimant. The Proof of Claim Form must be completed in English and be denominated in United States currency. You should set forth with specificity the legal and factual basis for the alleged claim and attach to your completed Proof of Claim Form any documents on which the claim is based (or, if such documents are voluminous, attach a summary) of an explanation as to why the documents are not available. Any person of entity asserting claims against multiple Debtors must file a separate proof of claim with respect to each Debtor. In addition, any person or entity filing a proof of claim must identify on its Proof of Claim Form the particular Debtor against which the person or entity asserts its claim. Any proof of claim filed under the Debtors jointly administered case number in these chapter 11 cases or that otherwise fails to identify a Debtor shall be deemed as filed any against Debtor Viridis Chemical, LLC. If an entity lists more than one Debtor on any one proof of aim, the relevant claims will be treated as filed only against the first listed Debtor. If you require additional information regarding the filing of a claim, you may contact Epiq Corporate Restructuring, LLC via email at ViridisChemical@epiqglobal.com or by submitting an inquiry through the Debtors' case website at https://dm.epiq11.com/case/viridischemical. 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. WALNUT RIDGE: Seeks Approval to Hire Joseph W. Caldwell as Counsel ------------------------------------------------------------------ Walnut Ridge Trucking, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to hire Joseph W. Caldwell, a professional who practices law, to serve as counsel. Mr. Caldwell will provide these services: (a) provide the Debtor legal advice with respect to its powers and duties as a Debtor-in-Possession, (b) assist the Debtor in negotiating adequate protection payments, (c) participate at the first meeting of creditors, (d) prepare the Petition and Schedules, (e) investigate possible causes of action including creditor misbehavior in connection with the possible repossession of collateral, and (f) perform such other legal services as necessary for the administration of the case. Mr. Caldwell will receive an hourly rate of $400. Joseph W. Caldwell does not represent any creditor or party in interest and otherwise has no adverse interest to any creditor in the case. The professional can be reached at: Joseph W. Caldwell, Esq. P.O. Box 4427 Charleston, WV 25364 Telephone: (304) 925-2100 E-mail: jcaldwell@caldwellandriffee.com About Allen Walnut Ridge Trucking, Inc. Allen Walnut Ridge Trucking, Inc. is a transportation company engaged in freight hauling and logistics services. Allen Walnut Ridge Trucking, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20084) on April 10, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge B. McKay Mignault handles the case. The Debtor is represented by Joseph W. Caldwell, Esq. of Caldwell & Riffee. WALNUT RIDGE: Seeks to Employ Allen Whitt as Manager ---------------------------------------------------- Walnut Ridge Trucking, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to employ Allen Whitt, owner of Walnut, as its manager. Mr. Whitt will provide these services: (a) general day to day supervision of the business; (b) dispatching truck hauls; (c) payment of invoices; (d) purchase of fuel and other supplies; and (e) negotiating haul contracts. Mr. Whitt will receive compensation at the rate of $2,500 per month. The professional can be reached at: Allen Whitt Walnut Ridge Trucking, Inc. Danese, WV 25831 About Allen Walnut Ridge Trucking, Inc. Allen Walnut Ridge Trucking, Inc. is a transportation company engaged in freight hauling and logistics services. Allen Walnut Ridge Trucking, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20084) on April 10, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge B. McKay Mignault handles the case. The Debtor is represented by Joseph W. Caldwell, Esq. of Caldwell & Riffee. WELCH & WELCH: Court OKs Withdrawal of Tractor Sale --------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Tennessee, Eastern Division, has granted Welch & Welch Planting Co. to withdraw motion to sell Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor is engaged in the farming and custom farming business. Farm equipment is one of the primary assets of the Bankruptcy Estate. The equipment being sold is a 2020 Versatile 315 Tractor, Serial Number 50105. Upon the Debtor's request, the Third Moriton to Sell the Assets of the Estate, free and clear of liens and encumbrances is withdrawn by the Debtor. The Court has authorized the Debtor to withdraw the motion. About Welch & Welch Planting Co., LLC Welch & Welch Planting Co. LLC is an agricultural company specializing in crop production, utilizing advanced machinery for planting, soil preparation, irrigation, and harvesting. Welch & Welch Planting Co. LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 25-10356 on March 13, 2025. In its petition, the Debtor reports total assets of $1,323,500 and total liabilities of $1,055,264. The Debtor is represented by Tom Strawn, Esq., at The Law Office of Tom Strawn. WHITEHALL MANOR: PCO Reports Resident Complaints ------------------------------------------------ Margaret Barajas, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania her first report regarding the quality of patient care provided by Whitehall Manor Inc. and Saucon Manor, Inc. On a March 16 visit at Whitehall Manor facility, the ombudsman observed one dead mouse lying on the pantry floor. Pantry had strong odor of dead mice. Reported to newly appointed administrator, Jenn Atiyeh. Some bags of food in plastic have been gnawed through by mice. The local ombudsman reported that call bells were not always answered promptly and staff do not wear visible name badges during a March 13 visit. As of Feb. 19, the ombudsman observed temperatures log on refrigerator in secure dementia unit that has not been completed since November 2025. Local ombudsmen conduct regular visits to Saucon Valley Manor I facility. An up-to-date activities calendar and menu are posted. Residents report snacks are not offered. Staff do not wear name badges consistently. Ombudsman notes ongoing concerns regarding kitchen area and 2nd floor ceiling leak. During the Feb. 19 initial visit, regional ombudsman noted kitchen area in need of a deep clean. Prewrapped plates of food sitting in various spots of kitchen. Unidentifiable food/substances were observed in a bowl. Dietary manager shared that the facility prepares meals for Saucon II and III (buildings share same property). The ombudsman noted ceiling leak on 2nd floor during initial Feb. 19 visit. Administrator reported that residents do not use that room, however there were several residents participating in an activity in the area during the visit. On an ombudsman visit of Jan. 10, a resident reported that the food is sometimes cold, and they go without eating because of the food temperature. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=zFMSEw 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. WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Whitney Oil & Gas, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 25th interim order authorized the use of cash collateral for the period from Oct. 26, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection for any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets, subject to a fee carveout. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive a superpriority administrative expense claims, junior to the fee carveout. The termination events under the 25th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21th interim order. The next hearing is set for May 19. The 25th interim order is available at https://shorturl.at/de80W from PacerMonitor.com. About Whitney Oil & Gas Whitney Oil & Gas, LLC operates in the oil and gas extraction industry. The company is based in Houston, Texas. Whitney Oil & Gas filed Chapter 11 petition (Bankr. E.D. La. Case No. 23-11873) on Oct. 26, 2023, with $1 million to $10 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC is the Debtor's legal counsel. WISAN REALTY: Commences Chapter 11 Bankruptcy in California ----------------------------------------------------------- On April 20, 2026, Wisan Realty National City, LLC filed for Chapter 11 protection in the Southern District of California bankruptcy court. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. About Wisan Realty National City, LLC Wisan Realty National City, LLC is a real estate holding and property management company engaged in owning and operating commercial or residential real estate assets. Wisan Realty National City, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01617) on April 20, 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 J. Barrett Marum handles the case. WORKSPORT LTD: CEO Steven Rossi Acquires $75,000 of Company Shares ------------------------------------------------------------------ Worksport Ltd.'s Founder and Chief Executive Officer, Steven Rossi, has acquired 88,214 shares of the Company's common stock at a deemed purchase price of $0.8502, the closing price of the Company's common stock on Friday, April 10, 2026, in satisfaction of previously accrued cash compensation, representing an aggregate value of $75,000. The issuance of such shares was made pursuant to a stock purchase agreement, dated April 13, 2026. This transaction underscores management's confidence in Worksport's fundamental value, bolstered by a year of record revenue growth, significant margin expansion, and a clear path toward operational cash-flow positivity in the second half of 2026. The CEO's acquisition of additional shares follows a year of significant operational progress and continued investment into Worksport's asset base, including: * Net Sales Growth: From ~$1.5 million (2023) to $8.5 million (2024), and $16.1 million (2025), with a forecast of $35 to $42 million in 2026 * Manufacturing & Asset Value: A U.S.-based production facility in New York, appraised at approximately $9 million in 2024, alongside continued investment in production equipment and infrastructure supporting scaled output * Strategic Inventory Positioning: As of December 31, 2025, the Company held approximately $9.5 million in inventory to support anticipated demand and minimize supply chain volatility * Intellectual Property (IP) Portfolio: A growing global footprint consisting of approximately 25 utility patents, 50 design patents and registrations, and 44 registered trademarks and 97 pending IP applications. * Gross Margin Expansion: From ~11% in Q4 2024 to approximately ~30% in Q4 2025 * Dealer Network Expansion: From under 100 to over 550 locations across North America * Product Commercialization: Launch of SOLIS, COR, AL4, and HD3 in 2025, with an additional next-generation product expected in Q2 2026 The Company has indicated that, at approximately $9–11 million in quarterly revenue at targeted margin levels, it expects to reach operational cash-flow positivity, a milestone it is actively pursuing in fiscal 2026 CEO Commentary "The decision to increase my personal stake in Worksport by nearly 1% of the total outstanding stock reflects my unwavering belief in our team's execution and the intrinsic value of our assets," said Steven Rossi. "Over the past two years, we have transformed the business - scaling revenue, expanding margins, building a national dealer network, and bringing multiple products to market. While the share price has recently experienced pressure, I believe it does not fully reflect the underlying progress we have made or the momentum we are building. Worksport management maintains its position that the company's market valuation is undervalued. He continued: "We have invested meaningfully to establish the foundation of this company. With that foundation now largely in place, our focus is on execution - driving revenue growth, expanding distribution, and progressing toward operational cash-flow positivity. I remain highly confident in our strategy and the long-term opportunity ahead." Upcoming Catalysts and Innovation Pipeline Worksport enters fiscal 2026 with multiple growth drivers in motion: * Core Tonneau Cover Business: A now matured product lineup (including AL4 and HD3) positioned to scale across both direct-to-consumer and B2B channels. * "Game Changer" Product: The Company expects to debut a next-generation hard cover in early Q2 2026, featuring patented capabilities designed to capture significant market share. * Distribution Expansion: Targeting significant dealer growth and broader national distribution partnerships * New large scale distribution partnerships are expected within 2026. * SOLIS & COR Commercialization: Recently launched solar-integrated tonneau cover and portable energy storage system, with initial revenue contribution expected to build through 2026 * Business-to-Business marketing and sales partnerships are being developed and deployed within 2026. * OEM & Strategic Partnerships: Ongoing engagement with automotive manufacturers and commercial partners * Following factory ISO certification in 2025, new partnerships are being focused on with OEMs in 2026. * Terravis Energy (AetherLux): Innovative cold-climate heat pump with industry leading performance, representing a longer-term clean energy opportunity * Commercial certification is expected within 2026. Management has emphasized that fiscal 2026 represents a transition from investment and buildout to monetization and operating leverage, supported by improving margins and a scalable manufacturing base. Long-Term Focus, Near-Term Milestones Worksport continues to target: * $35–$42 million in revenue for fiscal 2026 * approx. 35% gross margin profile * Operational cash-flow positivity within the year The CEO's acquisition is aligned with these objectives and reflects a continued focus on disciplined execution, capital efficiency, and long-term shareholder value creation. About Worksport Ltd. West Seneca, N.Y.-based Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns intellectual property on a portfolio of tonneau cover, solar integration, portable power station, and NP (Non-Parasitic), Hydrogen-based green energy products and solutions for the automotive aftermarket accessories, power storage, residential heating, and electric vehicle-charging industries. Buffalo, N.Y.-based Lumsden & McCormick, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 26, 2026, saying "The Company has experienced recurring net losses that raise substantial doubt about the Company's ability to continue as a going concern. Upon analysis of the Company's current financial situation and projected outlooks, we believe there is substantial doubt about the Company's ability to continue as a going concern." As of December 31, 202, the Company had $30,714,074 in total assets and $7,837,853 in total liabilities, and total shareholders' equity of $22,876,221. [] Amit Trehan Joins Freshfields as Restructuring Partner in N.Y. ----------------------------------------------------------------- Global law firm Freshfields announced that Amit Trehan has joined the firm as a restructuring partner in its New York office, strengthening the firm's capabilities in restructuring and distressed situations, particularly in liability management transactions and cross-border matters. Mr. Trehan assumes the role of Co-head of U.S. Financial Restructuring alongside Mark Liscio. Mr. Trehan has over 20 years of restructuring experience and his practice focuses on advising financial institutions, private credit and corporate clients on complex restructuring matters across a broad range of industries and financial products. He has been actively involved in numerous liability management transactions over his career. U.S. Managing Partner Sarah Solum stated, "Amit brings a unique combination of legal expertise and business principal experience that is invaluable in today's complex restructuring landscape. His track record of managing high-profile distressed situations and his deep relationships with financial institutions and private credit clients align perfectly with our strategic priorities in this space." Ken Baird, global head of the firm's Restructuring & Insolvency practice, added, "Amit's appointment reflects our commitment to sustaining and growing our market leading restructuring practice that serves global and U.S.-based clients across the full spectrum of distressed situations. His extensive experience working on both the legal and business sides of complex restructurings and liability management transactions brings a strategic perspective that our clients increasingly need as they navigate challenging market conditions." Mr. Trehan commented, "Freshfields offers the global platform and cross disciplinary expertise that today's restructuring matters demand. The firm's strength in cross-border work and its integrated approach to serving clients align perfectly with the increasingly complex and international nature of restructuring work. I am excited to work alongside this fantastic team to deliver sophisticated solutions on some of the most challenging matters our clients will face." Freshfields US LLP -- https://www.freshfields.com -- is a limited liability partnership organized under the laws of the State of New York. [] Katie Taylor Joins Simpson Thacher's Finance Practice -------------------------------------------------------- Simpson Thacher & Bartlett LLP announced that Katie Taylor has joined the Firm as a Partner in San Francisco, where she will focus on banking and other finance matters. Given Katie's experience working on liability management transactions, as well as more traditional leveraged finance matters, her addition further expands the Firm's growing platform advising clients across the full capital structure. "Katie brings a deep command of leveraged finance, grounded in trusted relationships with leading private equity sponsors. She executes transactions across the full spectrum of financing matters at the highest level," said Brian Steinhardt, Co-Head of the Firm's Global Banking and Credit Practice. "Katie's experience advising on capital structure solutions, including liability management and complex restructurings, adds significant strength to our platform. Her decision to join the Firm reflects the momentum of our practice and the caliber of lawyers we continue to attract," added David Nemecek, Head of the Firm's Capital Structure Solutions Practice. Ms. Taylor brings extensive experience across all aspects of debt financing transactions—including leveraged buyouts, liability management, restructurings and cross-border financings—representing private equity firms, corporate borrowers and lenders in a wide variety of industries including technology, software, energy, retail and healthcare. "We are excited to welcome Katie to our Firm and our San Francisco office. Her experience handling complex leveraged finance and other debt finance matters is a strategic addition to our capabilities in the Bay Area and across the West Coast, enhancing our ability to provide clients -- both regionally and nationally -- with best-in-class advice on sophisticated financing solutions," said Atif Azher, Managing Partner of the Firm's Bay Area presence. "Simpson Thacher is building something truly differentiated in the Bay Area with an integrated offering across its Debt Finance and Capital Structure Solutions teams," said Ms. Taylor. "The growth and demand the Firm has seen is a testament to how much the market needs that kind of sophisticated counsel, and I'm looking forward to expanding our presence on the West Coast." Ms. Taylor's addition marks continued growth of the Capital Structure Solutions Practice since its formation in February 2026, and follows the recent additions of Partners Brian Schartz, John (Jack) Luze, Christine Bae and Jacob Ruby. Her arrival also signals the expansion of the Firm's San Francisco office, which opened in January 2026. At the heart of the Bay Area, the Firm's San Francisco office advises prominent technology companies, private equity firms and financial institutions -- as well as global leaders across industries -- on their most complex corporate, regulatory and disputes matters. [] Squire Patton's Stephen Lerner Assumes ABI Presidency -------------------------------------------------------- Squire Patton Boggs partner and global chair of the firm's Restructuring & Insolvency Practice Group, Stephen D. Lerner, assumed the role of President of the American Bankruptcy Institute (ABI) at the ABI's Annual Spring Meeting in Washington, D.C. He succeeds the Honorable Bruce Harwood. An ABI member since 1990, Stephen most recently served as ABI President‑Elect and has supported the organization in a variety of leadership roles, including as Vice President - International, a role now held by Squire Patton Boggs partner Katie Catanese. Commenting on the appointment, Mr. Lerner said, "The ABI plays a vital role in bringing together practitioners, academics and policymakers to advance thoughtful dialogue and practical solutions. I look forward to working with our fantastic team to foster collaboration across our diverse membership, and support efforts that strengthen the insolvency system for the benefit of all stakeholders at a time of complexity and disruption across global markets. I also intend to continue the expansion of ABI's international focus, including to important, developing markets in Asia and Africa." With over 10,000 members, the ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. Founded in 1982, ABI provides Congress and the public with unbiased analysis of bankruptcy issues. Its nearly 10,000 members include attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. Stephen D. Lerner has served as global chair of the Squire Patton Boggs Restructuring & Insolvency Practice Group for nearly two decades. He brings extensive national and cross‑border restructuring experience, representing debtors, distressed businesses, committees of unsecured creditors, secured and unsecured creditors, equity interest holders, boards of directors, indenture trustees and acquirers of troubled businesses in Chapter 11 reorganizations, Chapter 15 cross‑border cases, Chapter 9 municipal restructurings and out‑of‑court restructurings throughout the United States, Europe, the United Arab Emirates, South America and India. In addition to his new role as ABI President, Stephen serves on the Executive Committee of the American College of Bankruptcy as Counsel to the College, the Executive Committee of the National Bankruptcy Conference, and is a member of the International Insolvency Institute. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re Junior Olivera Fitness, LLC Bankr. M.D. Ga. Case No. 26-40287 Chapter 11 Petition filed April 13, 2026 See https://www.pacermonitor.com/view/462S5KQ/Junior_Olivera_Fitness_LLC__gambke-26-40287__0001.0.pdf?mcid=tGE4TAMA represented by: Fife M Whiteside, Esq. FIFE M. WHITESIDE PC E-mail: whitesidef@mindspring.com In re Walnut Ridge Trucking, Inc. Bankr. S.D. Wa. Case No. 26-20084 Chapter 11 Petition filed April 10, 2026 See https://www.pacermonitor.com/view/7IIF6TQ/Allen_Walnut_Ridge_Trucking_Inc__wvsbke-26-20084__0001.0.pdf?mcid=tGE4TAMA represented by: Joseph W. Caldwell, Esq. CALDWELL & RIFFEE E-mail: jcaldwell@caldwellandriffee.com In re JEH Farms LLC Bankr. W.D. Va. Case No. 26-60473 Chapter 11 Petition filed April 14, 2026 See https://www.pacermonitor.com/view/4LC3E2I/JEH_Farms_LLC__vawbke-26-60473__0001.0.pdf?mcid=tGE4TAMA represented by: Andrew S. Goldstein, Esq. MAGEE GOLDSTEIN LASKY & SAYERS, P.C. E-mail: agoldstein@mglspc.com In re Rogers Healy and Associates, LLC Bankr. N.D. Tex. Case No. 26-41687 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/J3QIJZA/Rogers_Healy_and_Associates_LLC__txnbke-26-41687__0001.0.pdf?mcid=tGE4TAMA represented by: Joyce Lindauer, Esq. JOYCE W. LINDAUER ATTORNEY, PLLC E-mail: joyce@joycelindauer.com In re Tompco Real Estate 1820, LLC Bankr. E.D. Pa. Case No. 26-11577 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/T2BOAYA/Tompco_Real_Estate_1820LLC__paebke-26-11577__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Albritton Farms Inc. Bankr. M.D. Ala. Case No. 26-10439 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/2PLIAEY/Albritton_Farms_Inc__almbke-26-10439__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Jennifer Wendt Edwards Bankr. W.D. Wash. Case No. 26-11240 Chapter 11 Petition filed April 16, 2026 represented by: Thomas Neeleman, Esq. In re April Lashelle Acosta Bankr. W.D. Tenn. Case No. 26-22140 Chapter 11 Petition filed April 16, 2026 In re Robert Dennis Moore III Bankr. C.D. Calif. Case No. 26-10791 Chapter 11 Petition filed April 15, 2026 represented by: Carolyn Dye, Esq. In re Jason S. Taylor Bankr. W.D. Ark. Case No. 26-70715 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/KXLCGGQ/Jason_S_Taylor__arwbke-26-70715__0001.0.pdf?mcid=tGE4TAMA represented by: Marc Honey, Esq. HONEY LAW FIRM, P.A. E-mail: mhoney@honeylawfirm.com In re Christopher Jayson Wood Bankr. W.D.N.Y. Case No. 26-10458 Chapter 11 Petition filed April 15, 2026 In re Arthur E. Schlueter, Jr. Bankr. M.D. Ga. Case No. 26-30228 Chapter 11 Petition filed April 15, 2026 represented by: JONES & WALDEN LLC In re Achieveability Therapy Services, P.L. Bankr. M.D. Fla. Case No. 26-03241 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/LAUPV7Q/Achieveability_Therapy_Services__flmbke-26-03241__0001.0.pdf?mcid=tGE4TAMA represented by: Buddy D. Ford, Esq. FORD & SEMACH, P.A. E-mail: All@tampaesq.com In re Start to Finish Installations LLC Bankr. M.D. Pa. Case No. 26-01055 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/BNKBC3Y/Start_to_Finish_Installations__pambke-26-01055__0001.0.pdf?mcid=tGE4TAMA represented by: Robert E. Chernicoff, Esq. CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC In re Shield Autohaus LLC, Series 2 Bankr. D. Nev. Case No. 26-12349 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/QR32FTQ/SHIELD_AUTOHAUS_LLC_SERIES_2__nvbke-26-12349__0001.0.pdf?mcid=tGE4TAMA represented by: Michael J. Harker, Esq. LAW OFFICES OF MICHAEL J. HARKER E-mail: notices@harkerlawfirm.com In re SVG 26 LLC dba Alton Distillery Bankr. E.D.N.Y. Case No. 26-41825 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/4LUCM2Y/SVG_26_LLC_dba_Alton_Distillery__nyebke-26-41825__0001.0.pdf?mcid=tGE4TAMA represented by: Solomon Rosengarten, Esq. Email: vokma@aol.com In re Premium Cuts Barbers LLC Bankr. M.D. Fla. Case No. 26-02737 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/JHVKC5Y/Premium_Cuts_Barbers_LLC__flmbke-26-02737__0001.0.pdf?mcid=tGE4TAMA represented by: Chad Van Horn, Esq. VAN HORN LAW GROUP, P.A. E-mail: chad@cvhlawgroup.com In re AD Service LLC Bankr. E.D. Mo. Case No. 26-41666 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/3YFP6LI/AD_Service_LLC__moebke-26-41666__0001.0.pdf?mcid=tGE4TAMA represented by: Spencer Desai, Esq. THE DESAI LAW FIRM E-mail: spd@desailawfirmllc.com In re Allbound Carrier, Inc. Bankr. N.D. Ill. Case No. 26-06532 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/PJQTBGA/Allbound_Carrier_Inc__ilnbke-26-06532__0001.0.pdf?mcid=tGE4TAMA represented by: David P Leibowitz, Esq. LAW OFFICES OF DAVID P LEIBOWITZ, LLC E-mail: dleibowitz@lakelaw.com In re Cocobowlz, LLC Bankr. D.S.C. Case No. 26-01678 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/TMAVIIA/Cocobowlz_LLC__scbke-26-01678__0001.0.pdf?mcid=tGE4TAMA represented by: Robert Pohl, Esq. POHL BANKRUPTCY, LLC E-mail: Robert@Bankruptcy.com In re Dublins 815, LLC Bankr. C.D. Calif. Case No. 26-13705 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/ZAASVSI/Dublins_815LLC__cacbke-26-13705__0001.0.pdf?mcid=tGE4TAMA represented by: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP E-mail: Ocbkatty@aol.com In re 441 B 129 ST Inc Bankr. E.D.N.Y. Case No. 26-41857 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/WIHXZRY/441_B_129_ST_Inc__nyebke-26-41857__0001.0.pdf?mcid=tGE4TAMA represented by: David Alishaev, Esq. ALISHAEV LAW GROUP E-mail: alishaevlaw@gmail.com In re Carl E Weir and Judith L Weir Bankr. D. Ariz. Case No. 26-03751 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/E55ZGCY/CARL_E_WEIR_and_JUDITH_L_WEIR__azbke-26-03751__0001.0.pdf?mcid=tGE4TAMA represented by: Thomas H. Allen, Esq. ALLEN, JONES & GILES, PLC E-mail: tallen@bkfirmaz.com In re Louis Acosta and Sandra Acosta Bankr. C.D. Calif. Case No. 26-10544 Chapter 11 Petition filed April 17, 2026 represented by: Henry Paloci, Esq. In re William Monroe Campbell, III Bankr. C.D. Calif. Case No. 26-13723 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/BSK7XJI/William_Monroe_Campbell_III__cacbke-26-13723__0001.0.pdf?mcid=tGE4TAMA represented by: Matthew D. Resnik, Esq. RHM LAW LLP E-mail: matt@rhmfirm.com In re Ronit Schwartz Bankr. S.D. Fla. Case No. 26-14889 Chapter 11 Petition filed April 17, 2026 represented by: Stan Riskin, Esq. In re Andrew Stupin and Julie Stupin Bankr. C.D. Calif. Case No. 26-11202 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/TJQCZXA/Andrew_Stupin_and_Julie_Stupin__cacbke-26-11202__0001.0.pdf?mcid=tGE4TAMA represented by: David B. Golubchik, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. In re Johnny Dwight Evans, Jr. Bankr. N.D. Fla. Case No. 26-40226 Chapter 11 Petition filed April 17, 2026 represented by: Byron Wright, Esq. In re TCB Investment, LLC Bankr. N.D. Miss. Case No. 26-11354 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/5RHWMVA/TCB_Investment_LLC__msnbke-26-11354__0001.0.pdf?mcid=tGE4TAMA represented by: Robert Gambrell, Esq. GAMBRELL & ASSOCIATES, PLLC E-mail: rg@ms-bankruptcy.com In re Maple Tree Metalworks, LLC Bankr. M.D. Ala. Case No. 26-10441 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/ROPMYGY/Maple_Tree_Metalworks_LLC__almbke-26-10441__0001.0.pdf?mcid=tGE4TAMA represented by: Anthony Brian Bush, Esq. THE BUSH LAW FIRM, LLC E-mail: abush@bushlegalfirm.com In re In Due Season LLC Bankr. M.D. Fla. Case No. 26-03193 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/H5LTIYA/In_Due_Season_LLC__flmbke-26-03193__0001.0.pdf?mcid=tGE4TAMA represented by: Buddy D. Ford, Esq. FORD & SEMACH, P.A. E-mail: All@tampaesq.com In re Fortunato's Italian Restaurant, Inc. Bankr. M.D. Fla. Case No. 26-03180 Chapter 11 Petition filed April 16, 2026 See https://www.pacermonitor.com/view/GMSXWIA/Fortunatos_Italian_Restaurant__flmbke-26-03180__0001.0.pdf?mcid=tGE4TAMA represented by: Buddy D. Ford, Esq. FORD & SEMACH, P.A. E-mail: All@tampaesq.com In re Grade A Realty, LLC Bankr. S.D. Tex. Case No. 26-32640 Chapter 11 Petition filed April 16, 2026 Filed Pro Se In re Hometown Chiropractic LLC Bankr. M.D. Tenn. Case No. 26-01799 Chapter 11 Petition filed April 17, 2026 See https://www.pacermonitor.com/view/PJRBS5A/Hometown_Chiropractic_LLC__tnmbke-26-01799__0001.0.pdf?mcid=tGE4TAMA represented by: Michelle L. Spezia, Esq. JOHNSON & SPEZIA, PLLC E-mail: ecfmail@tennessee-bankruptcy.com In re Kimberly L DeBoer Bankr. M.D. Fla. Case No. 26-03313 Chapter 11 Petition filed April 20, 2026 See https://www.pacermonitor.com/view/W6KMINY/Kimberly_L_DeBoer__flmbke-26-03313__0001.0.pdf?mcid=tGE4TAMA represented by: Erik Johanson, Esq. ERIK JOHANSON PLLC E-mail: erik@johanson.law In re Daniel Nee Yarnie and Rebecca J Yarnie Bankr. D. Mass. Case No. 26-40445 Chapter 11 Petition filed April 20, 2026 See https://www.pacermonitor.com/view/JGQ5RXY/Daniel_Nee_Yarnie_and_Rebecca__mabke-26-40445__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Paul Edward Trolio Bankr. E.D.N.Y. Case No. 26-41871 Chapter 11 Petition filed April 20, 2026 In re Christopher Gregg Thomas Bankr. D. Mont. Case No. 26-20103 Chapter 11 Petition filed April 20, 2026 In re Norbert Mehl Bankr. S.D.N.Y. Case No. 26-22389 Chapter 11 Petition filed April 20, 2026 represented by: Ana Vargas, Esq. In re TCE Cleaning LLC Bankr. M.D.N.C. Case No. 26-10272 Chapter 11 Petition filed April 15, 2026 See https://www.pacermonitor.com/view/ZQL64LA/TCE_Cleaning_LLC__ncmbke-26-10272__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Atlantic Investment Ventures LLC Bankr. N.D. Ga. Case No. 26-54571 Chapter 11 Petition filed April 6, 2026 Filed Pro Se In re Harlow Enterprises, LLC Bankr. N.D. W.Va. Case No. 26-00165 Chapter 11 Petition filed March 20, 2026 See https://www.pacermonitor.com/view/JNWWQTY/Harlow_Enterprises_LLC__wvnbke-26-00165__0001.0.pdf?mcid=tGE4TAMA represented by: Aaron C. Amore, Esq. AMORE LAW, PLLC E-mail: aaron@amorelaw.com In re Select A Bagel Inc. Bankr. E.D.N.Y. Case No. 26-41920 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/MDFIVMI/Select_A_Bagel_INC__nyebke-26-41920__0001.0.pdf?mcid=tGE4TAMA represented by: Nico G. Pizzo, Esq. ROSEN, TSIONIS & PIZZO, PLLC E-mail: npizzo@ajrlawny.com In re Christopher Patrick Helms and Kimberly Michele Helms Bankr. M.D. Fla. Case No. 26-03335 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/YLFLA3A/Christopher_Patrick_Helms_and__flmbke-26-03335__0001.0.pdf?mcid=tGE4TAMA represented by: Buddy D. Ford, Esq. FORD & SEMACH, P.A. E-mail: All@tampaesq.com In re Jonathan C. Vidrine and Angela R. Vidrine Bankr. W.D. La. Case No. 26-50361 Chapter 11 Petition filed April 21, 2026 represented by: H. Aguillard, Esq. In re Shaye Deron Johnson Bankr. E.D.N.C. Case No. 26-01803 Chapter 11 Petition filed April 21, 2026 represented by: Ciara Rogers, Esq. In re Kimberly L DeBoer Bankr. M.D. Fla. Case No. 26-01761 Chapter 11 Petition filed April 20, 2026 In re Padmaprakash Elumalai and Vasuki Nagarajan Bankr. D. Ariz. Case No. 26-03895 Chapter 11 Petition filed April 21, 2026 represented by: James Webster, Esq. In re Sherrie Alicia Crews Bankr. S.D. Iowa Case No. 26-00655 Chapter 11 Petition filed April 21, 2026 In re Dustin B Woody and Christa D Woody Bankr. M.D. Tenn. Case No. 26-01871 Chapter 11 Petition filed April 21, 2026 In re Tony Shufford Bankr. M.D. Ala. Case No. 26-31058 Chapter 11 Petition filed April 21, 2026 represented by: Stuart Memory, Esq. In re Sohel Rana and Seema Akter Bankr. S.D. Fla. Case No. 26-15016 Chapter 11 Petition filed April 22, 2026 represented by: Mark Roher, Esq. In re Love Church of Fort Wayne Indiana Inc. Bankr. N.D. Ind. Case No. 26-10490 Chapter 11 Petition filed April 20, 2026 See https://www.pacermonitor.com/view/K3NQ66Y/Love_Church_of_Fort_Wayne_Indiana__innbke-26-10490__0001.0.pdf?mcid=tGE4TAMA represented by: Scot T. Skekloff, Esq. HALLERCOLVIN PC E-mail: sskekloff@hallercolvin.com In re Simply Cremation & Funeral Care, LLC Bankr. E.D. Ark. Case No. 26-11592 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/YWD4GYQ/Simply_Cremation__Funeral_Care__arebke-26-11592__0001.0.pdf?mcid=tGE4TAMA represented by: Vanessa Cash Adams, Esq. LAW OFFICE OF VANESSA CASH ADAMS INC E-mail: vanessa@vanessacash.org In re 11 West 2nd Street, LLC Bankr. D. N.J. Case No. 26-14393 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/4JFRMZY/11_West_2nd_Street_LLC__njbke-26-14393__0001.0.pdf?mcid=tGE4TAMA represented by: Demetrius Parrish, Esq. LAW OFFICES OF DEMETRIUS J. PARRISH E-mail: djpbkpa@gmail.com In re TYH99 LLC Bankr. E.D.N.Y. Case No. 26-41888 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/RMKK7UY/TYH99_LLC__nyebke-26-41888__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Diggers Excavation and Grading Inc. Bankr. E.D.N.C. Case No. 26-01783 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/JYY2JMY/Diggers_Excavation_and_Grading__ncebke-26-01783__0001.0.pdf?mcid=tGE4TAMA represented by: George Mason Oliver, Esq. THE LAW OFFICES OF GEORGE OLIVER, PLLC In re The Sapphire Exchange, LLC Bankr. M.D. Fla. Case No. 26-02856 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/UGYOAAY/The_Sapphire_Exchange_LLC__flmbke-26-02856__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSON AINSWORTH PLLC E-mail: jeff@bransonlaw.com In re 99 SE Mizner Blvd Unit 627 LLC Bankr. S.D. Fla. Case No. 26-14997 Chapter 11 Petition filed April 21, 2026 See https://www.pacermonitor.com/view/2LUUADA/99_SE_Mizner_Blvd_Unit_627_LLC__flsbke-26-14997__0001.0.pdf?mcid=tGE4TAMA represented by: Harry Ross, Esq. LAW OFFICE OF HARRY J. 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