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260427.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, April 27, 2026, Vol. 30, No. 117 Headlines 2315 LOMA VISTA: Hires Anyama Law Firm as Bankruptcy Counsel 313 52 REALTY: Seeks Chapter 11 Bankruptcy in New York 40TH STREET DEVELOPMENT: Hires Shapero Law Firm as Special Counsel 41 MARINER: Taps Law Office of Barry D. Haberman as Counsel 451 HANCOCK: Seeks Subchapter V Bankruptcy in New York 505 SR AVE: Case Summary & Six Unsecured Creditors 801 RESTAURANT: Hires Brown & Ruprecht PC as Bankruptcy Counsel 88-18 TROPICAL: Seeks Chapter 11 Bankruptcy in New York A NEW START: Case Summary & 12 Unsecured Creditors A&A DEMO & EXCAVATING: Gets Final OK to Use Cash Collateral A2Z FIELD: Case Summary & 12 Unsecured Creditors AAA GARAGE: Case Summary & 12 Unsecured Creditors ABA THERAPY: Seeks to Tap Kelley Kaplan & Eller as General Counsel ABC CHILDREN'S: Unsecureds Will Get 52% of Claims in Plan ABSOLUTE DEFENSE: Plan Exclusivity Period Extended to June 15 ACADEMY OF VOLLEYBALL: Gets Extension to Access Cash Collateral AEROAQUA CORP: Seeks to Hire Leislha G. Vasquez Murphy as Counsel ALL THINGS SURPLUS: Has Deal on Cash Collateral Access ALLSTAR PROPERTIES: Seeks to Sell Vehicles ALPINE CORP: Taps Stein Shostak Pollack & O'Hara as Special Counsel ALTAMAHA D.M.E.: Court Extends Cash Collateral Access to June 4 AMC ENTERTAINMENT: S&P Rates $425MM First-Lien Term Loan 'B-' AMERICAN STRUCTURAL: Hires Hinkle Law Firm as Insolvency Counsel AMERICAN STRUCTURAL: Seeks to Tap Hinkle Law Firm as Legal Counsel ANDERSON COMPANIES: Seeks to Hire Anthony M. Ardito as Accountant AON STUDIOS: Hires Dickinson Bradshaw Fowler & Hagen as Counsel ASTORIA DESIGN: Hires Krigel Nugent + Moore as Bankruptcy Counsel ATBIZ LLC: Seeks to Hire Rosamar Garcia-Fontan as Special Counsel BALANCE HOLDING: Seeks Approval to Tap Deleon & Stang as Accountant BARBEQUE EXCHANGE: Gets Final OK to Use Cash Collateral BAYMARK HEALTH: Creditors Set to Take Control in Debt Restructuring BELL ROAD SELF: Case Summary & One Unsecured Creditor BELLA CAPRI: Seeks to Tap Redfin Corporation as Real Estate Broker BEST DRESSED: SSG Served as Investment Banker in Amick Farms Sale BLUE ONYX: Case Summary & 20 Largest Unsecured Creditors BLUESTAR MARKETING: Lender Seeks to Prohibit Cash Collateral Access BOKQUA LLC: Court OKs Colorado Properties Sale to Multiple Buyers BROOKFIELD OFFICE: DBRS Confirms BB Rating on Subordinated Notes BYRON'S KITCHEN: Taps William E. Jamison Jr. as Bankruptcy Counsel CALDWELL HOLDINGS: Gets Extension to Access Cash Collateral CAPITAL POWER CORP: DBRS Confirms BB Rating on Subordinated Notes CARBON HEALTH: Seeks OK for Lender-Led Sale as Bankruptcy Backup CARE ONE: Court Extends Cash Collateral Access to May 15 CARIOLA GROUP: Gets Interim OK to Use Cash Collateral CARIOLA GROUP: Seeks to Hire Agentis as General Bankruptcy Counsel CAROLINA CLEANING: Gets Extension to Access Cash Collateral CARPENTER FAMILY: Colfax Property Sale to Maxwell Land OK'd CCSL BILOXI: Seeks 120-Day Extension of Plan Filing Deadline CEDAR VALLEY: Seeks to Extend Plan Exclusivity to June 12 CHANNEL OP: Seeks to Hire Cohne Kinghorn as Bankruptcy Counsel CHELSEA BUSINESS: Gets Final OK to Use Cash Collateral CLINTWOOD JOD: Committee Hires Dentons Bingham as Co-Counsel CLINTWOOD JOD: Committee Taps Raines Feldman Littrell as Co-Counsel COCONUT BREEZE: Gets Final OK to Use Cash Collateral CROSBY MARINE: Taps Raymond James & Associates as Investment Banker CYPRESSWOOD TX: Selects Harmony Care as Bidder for Houston Sale DEKALB 1032: Receiver Appointed for Brooklyn Apartment DELEK LOGISTICS: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable DELEK US: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable DENTON COUNTY: Taps DeMarco Mitchell PLLC as Legal Counsel DIACARTA INC: Trustee Seeks to Hire Finestone Hayes as Counsel DR DELICACY: Voluntary Chapter 11 Case Summary DVM PROPERTIES: Seeks to Hire Fellers Snider as Bankruptcy Counsel EGGSTRODINARY RESTAURANTS: Taps Wadsworth Garber Warner as Counsel EL DORADO SENIOR: Seeks to Use Cash Collateral ELECTRONIC SYSTEM: Seeks Cash Collateral Access EVERY BLOOMING: Seeks to Tap Diaz and Larsen as Bankruptcy Counsel FIRST BRANDS: Seeks Extension to File Chapter 11 Plan FLOOF LLC: Court OKs Continued Use of Cash Collateral FORM LOS ANGELES: Case Summary & 18 Unsecured Creditors FULLER'S SERVICE: Trustee Taps TLH as Claims Estimation Expert G3 CONSTRUCTION: Seeks to Hire Ausley McMullen as Special Counsel GOLIATH VENTURES: Hires Meland Budwick as Bankruptcy Counsel HANNON ENTERPRISE: Court Extends Cash Collateral Access to May 27 HANSEN-MUELLER CO: Seeks to Hire Lutz & Company as Tax Advisor HIGHLAND CHATEAU: Receiver Sought for Memphis Apartments HOME REALTY: Trustee Hires Evans Petree PC as Attorney HOT DESERT: Voluntary Chapter 11 Case Summary IBODY INC: Gets Interim OK to Use Cash Collateral IMMACULATE DETAIL: Hires Edge Tax and Accounting as Accountant INFINITY CARE: Hires ArentFox Schiff LLP as Bankruptcy Counsel INFINITY CARE: Hires Golden Goodrich as Restructuring Advisor INTEGRITY INVESTMENT: Hires Weissberg and Khanna as Attorney INTEGRITY INVESTMENT: Hires Weissberg and Khanna Ltd as Attorney INTREPID LLC: Seeks to Hire Milestone Advisors as Accountant IPIC THEATERS: Cinemex Bids $6MM for Bankrupt Theater Chain ISLAND GASTROENTEROLOGY: Gets Extension to Access Cash Collateral ISM HOLDINGS: Seeks to Hire Vestcorp LLC as Accountant ITREGULATORS INC: Gets Interim OK to Use Cash Collateral JACKSON WALKER: Sorrento, M3 Secure Stay of RICO Lawsuit JEH FARMS: Hires Magee Goldstein Lasky as Bankruptcy Counsel JMJ FILMS: Hires BFSNG Law Group LLP as Bankruptcy Counsel JOSEPH & JUANITA: Hires Tax & Financial Guidance as Tax Preparer JUNIOR OLIVERA: Seeks to Hire Fife M. Whiteside as Legal Counsel KC GLOBAL: Seeks to Hire Law Offices of Sheila Esmaili as Counsel KESKIN INC: Gets Final Approval to Use Cash Collateral KEY PAINTING: Hires Law Offices Craig A. Diehl as Attorney KROSKOB MANUFACTURING: Hires Michael Best & Friedrich as Counsel KUBERA HOTEL: Court OKs Deal to Use Wilmington's Cash Collateral LISA MARIA ABBOTT: Sklar Named as Receiver for Brooklyn Property LITTERBOYS.COM LLC: Seeks to Hire Neelaman Law as Legal Counsel LOCK 27 BREWING: Case Summary & 20 Largest Unsecured Creditors LOWELL MARTIN: Hires Lane Law Firm PLLC as Bankruptcy Counsel LOYALTY INVESTMENT: Seeks to Hire Century 21 Universal as Broker M & M BUCKLEY: Gets Interim OK to Use Cash Collateral M&M CUSTARD: Cash Collateral Hearing Set for May 21 MADISON ATRINA: Seeks to Hire Denman Realty as Property Manager MAR & MAR: Court Extends Cash Collateral Access to May 19 MARINER 12: Seeks to Hire Charles Wertman as Bankruptcy Counsel MARQUIS STAR: Seeks to Hire AppraisalFirst LLC as Appraiser MILE HIGH: Case Summary & 20 Largest Unsecured Creditors MORRISON HOSPITAL: Hires KCP Advisory Group as Financial Advisor MORRISON HOSPITAL: Taps Sheehan Phinney Bass as Bankruptcy Counsel MOTOS AMERICA: Seeks to Hire Ampleo as Financial Professional MOUNTAIN PROVINCE: S&P Downgrades ICR to 'CCC-', Outlook Negative MOUNTAIN REGIONAL: Gets Final OK to Use Cash Collateral MR. BUBBLES AURORA: Court Extends Cash Collateral Access to May 17 MULTI-COLOR CORP: Comm Taps Berkeley Research as Financial Advisor MULTI-COLOR CORP: Comm. Pachulski Stang Ziehl & Jones as Counsel MZS PROPERTIES: Court Extends Cash Collateral Access to May 5 NATIONWIDE TREE: Gets Extension to Access Cash Collateral NAVA HEALTH: Committee Hires Hirschler Fleischer as Legal Counsel NMR ENTERPRISES: Court OKs Continued Cash Collateral Access NORTH COUNTY PIZZA: Gets Final OK to Use Cash Collateral OHEL BAPAZ: Hires Harris Law Firm PC as Bankruptcy Counsel OLIVE BRANCH: Gets Interim OK to Use Cash Collateral OLIVE BRANCH: Hires Rountree Leitman Klein & Geer as Attorney ORLANDO CITY PLUMBING: Gets Extension to Access Cash Collateral P Y T-SHIRTS: Has Deal on Cash Collateral Access PARADISE LAND: Voluntary Chapter 11 Case Summary PAXTON & ASSOCIATES: Case Summary & 20 Top Unsecured Creditors PBMC INVESTORS: UCC Public Sale Scheduled for May 6 PCR AGAWAM: Hires Berthiaume & Berthiaume as Special Counsel PERFORCE INTERMEDIATE: S&P Affirms 'B-' ICR, Outlook Stable PG&E CORP: S&P Upgrades ICR to 'BB+' on Decreasing Wildfire Risks PICO-UNION HOUSING: Hires Golden Goodrich as Bankruptcy Counsel PITTS AVE SELF: Case Summary & One Unsecured Creditor PRESENTATION MEDIA: Gets Final OK to Use Cash Collateral PRESTIGE HEALTHCARE: Court Extends Cash Collateral Access to May 31 PRINCE GLOBAL: Seeks Chapter 15 Bankruptcy in New York PROPHASE DIAGNOSTICS: Hires Wallace Neel P.C. as Special Counsel PRUDENT MEDICAL: Seeks to Hire Neeleman Law Group P.C. as Counsel PSCD TRINITY: To Extend Hearing Date on Watermills Property Sale R INTERCONNECTIONS: Gets Extension to Access Cash Collateral RAD DIVERSIFIED: Seeks to Hire Tranzon Driggers as Auctioneer RELIZ TECHNOLOGY: Cash Collateral Hearing Set for April 29 RELIZ TECHNOLOGY: Hires McDermott Will & Schulte LLP as Attorney RELIZ TECHNOLOGY: Seeks to Hire Cole Schotz P.C. as Legal Counsel RELIZ TECHNOLOGY: Taps Berkeley Research Group to Provide CRO, CFO RELIZ TECHNOLOGY: Taps Verita Global as Administrative Advisor RICHARD MEYER: Files Emergency Bid to Use Cash Collateral RM IMAGING: To Sell Mammography Unit to Ultra Care Imaging RMG ERECTORS: Deadline for Panel Questionnaires Set for April 28 ROBINSON FAMILY: To Sell Irving Property to N. Diaz & I. Diaz ROCKFORD SILK: Court Extends Cash Collateral Access to May 31 RONLAT EENTERPRISES: Taps DeMarco Mitchell PLLC as Legal Counsel S & W SALES: Gets Extension to Use Cash Collateral SAKS GLOBAL: Secures Court OK for $5.2MM Executive Bonuses SANTA PAULA: To Sell Somis Property to D. Mike-Price and A. Mike SEAFARER'S LLP: Voluntary Chapter 11 Case Summary SERIES RGA: Hires DeMarco Mitchell PLLC as Bankruptcy Counsel SERVICE PROPERTIES: S&P Affirms 'B-' ICR, Outlook Negative SEXTANT STAYS: Plan Admin. Taps Shraiberg Page as Special Counsel SEXTANT STAYS: Plan Administrator Taps Edelboim as Legal Counsel SHARON VITALE: Seeks Approval to Tap Tax Life Savers as Accountant SHINING WAY: Seeks to Hire Susan D. Lasky as Bankruptcy Counsel SILVERROCK DEVELOPMENT: Hires Reliable as Administrative Advisor SKY-FRAME INC: Furniture and Vehicle Sale to Multiple Buyers OK'd SLEEP QUARTERS: Court OKs Ennis Property Sale to Torrez Property SPIRIT AIRLINES: Rescue Talks Underway as Creditors Question Terms SPIRITRUST LUTHERAN: Hires Lowenstein Sandler as Special Counsel SPIRITRUST LUTHERAN: Seeks to Hire Baker Tilly as Accountant SURF CLEAN: Gets Final OK to Use Cash Collateral SWING ZONE: Seeks Court Approval to Hire Unifi as Bookkeeper SWING ZONE: Seeks to Hire Kean Miller LLP as Bankruptcy Counsel SYSTIMA CAPITAL: S&P Assigns 'BB+' Rating on 2020 Taxable Loan T.E.A.M. PARKER: Gets Final OK to Use Cash Collateral TALEN ENERGY: Fitch Assigns 'BB-' Rating on Sr. Unsecured Notes THOMAS TRIO: Gets OK to Hire Stichter Riedel as Bankruptcy Counsel THREEPIECEUS LLC: Gets Final OK to Use Cash Collateral TURTLE LANE: Trustee Taps Nicholson Devine LLC as Legal Counsel TYH99 LLC: Commences Chapter 11 Bankruptcy in New York UNIFIED PROTECTIVE: Commences Chapter 11 Bankruptcy in California VERA HOLDINGS: Court Extends Cash Collateral Access to May 4 VERDE REAL: Revenues, Financing, or Sale Proceeds, to Fund Plan WESTERN REGIONAL: Seeks to Tap Compass Inc as Real Estate Broker WHITEHALL HOMES: Seeks Chapter 11 Bankruptcy in New York WHITEHALL HOMES: Voluntary Chapter 11 Case Summary ********* 2315 LOMA VISTA: Hires Anyama Law Firm as Bankruptcy Counsel ------------------------------------------------------------ 2315 Loma Vista LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Anyama Law Firm, A Professional Law Corporation as bankruptcy counsel. The firm will provide these services: a. advise the Debtor on matters relating to administration of the Estate, and on the Debtor's rights and remedies with regard to the Estate's assets and the claims of secured and unsecured creditors; b. appear for, prosecute, defend and represent the Debtor's interest in suits arising in or related to this case, including any adversary proceedings against the Debtor; and c. assist in the preparation of such pleadings, applications, schedules, orders, and other documents as are required for the orderly administration of this estate. The firm will be paid at these rates: Onyinye Anyama, Esq. $450 per hour Paralegal $200 per hour The firm received a pre-petition retainer of $15,000. Onyinye Anyama, Esq., a partner at Anyama Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Onyinye Anyama, Esq. Anyama Law Firm, A Professional Law Corporation 18000 Studebaker Road, Suite 325 Cerritos, CA 90703 Telephone: (562) 645-4500 Facsimile: (562) 318-3669 Email: info@anyamalaw.com About 2315 Loma Vista LLC 2315 Loma Vista LLC owns a property located at 2315 Loma Vista PL, Los Angeles, CA 90039, with an appraised value of $1.40 million. 2315 Loma Vista LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-13989) on May 13, 2025. In its petition, the Debtor reports total assets of $1,399,000 and total liabilities of $716,656. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtors are represented by Thomas B. Ure, Esq. at URE LAW FIRM. 313 52 REALTY: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------ On April 22, 2026, 313 52 Realty LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to between 1 and 49 creditors. A meeting of creditors filed by the Office of the United States Trustee under Section 341(a) to be held on June 1, 2026 at 01:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6982178. About 313 52 Realty LLC 313 52 Realty LLC is a real estate holding company typically engaged in the ownership, management, or leasing of commercial or residential properties. Entities structured in this manner are commonly used to manage property-related assets and associated financial obligations. 313 52 Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41941) on April 22, 2026. In its petition, the Debtor reports estimated assets of $1,000,000 to $10,000,000 and estimated liabilities of $1,000,000 to $10,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Dawn Kirby, Esq. of Kirby Aisner & Curley LLP. 40TH STREET DEVELOPMENT: Hires Shapero Law Firm as Special Counsel ------------------------------------------------------------------ 40th Street Development, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Shapero Law Firm, PC as special counsel. The Debtor needs a special counsel to represent its interests in lawsuits and related arbitration proceedings which are central to determine the validity and amount of secured claims, potential recoveries for the estate and the feasibility of any plan of reorganization. Sarah Shapero, Esq., the primary attorney in this representation, will be paid at her hourly rate of $600. In addition, the firm will seek reimbursement for expenses incurred. Ms. Shapero disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sarah Shapero, Esq. Shapero Law Firm, PC 100 Pine St., Ste. 530 San Francisco, CA 94111 Telephone: (415) 273-3504 Email: sarah@shaperolawfirm.com About 40th Street Development LLC 40th Street Development, LLC, a California-registered limited liability company, operates as a single-asset real estate holding company for the property at 387-391 40th Street, Oakland, CA. The 38-unit mixed-use apartment project is partially constructed, currently vacant, and situated in Oakland's Temescal/Mosswood area. 40th Street Development, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50369) on March 10, 2026. At the time of the filing, the Debtor had estimated assets of approximately $11 million and liabilities of approximately $11 million. Judge Hannah L. Blumenstiel oversees the case. The Debtor tapped Farsad Law Office, PC as bankruptcy counsel and Shapero Law Firm, PC as special counsel. 41 MARINER: Taps Law Office of Barry D. Haberman as Counsel ----------------------------------------------------------- 41 Mariner LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire The Law Office of Barry D. Haberman as counsel. The firm's services include: a. advising the Debtor with respect to its powers and duties in the continued management and operation of its business and property; b. advising and consulting with the Debtor on the conduct of its Chapter 11 case, including all of the legal and administrative requirements of operating in Chapter 11; c. attending meetings and negotiating with representatives of creditors and other parties in interest; d. taking all necessary actions to protect and preserve the Debtor's estate; e. preparing pleadings; f. representing the Debtor in connection with obtaining authority to continue using cash collateral and post-petition financing; g. advising the Debtor in connection with any potential sale of its assets; h. appearing before the bankruptcy court and any appellate courts; i. advising the Debtor regarding tax matters; j. negotiating, preparing and seeking approval of a disclosure statement and confirmation of a Chapter 11 plan; and k. other necessary legal services. The firm will be paid at these rates: Barry Haberman, Esq. $450 per hour Associate $250 per hour The firm received a retainer in the amount of $15,000. In addition, the firm will receive reimbursement for out-of-pocket expenses incurred. Barry Haberman, Esq., a partner at The Law Office of Barry D. Haberman, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Barry D. Haberman, Esq. The Law Office of Barry D. Haberman 254 South Main Street, #404 New City, NY 10956 Tel: (845) 638-4294 Email: bdhlaw@aol.com About 41 Mariner LLC 41 Mariner LLC is a real estate company that owns and manages a single property, focusing on property operations and asset management within its portfolio. 41 Mariner LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. SD.N.Y. Case No. 26-22231) on March 9, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The petition was signed by Michael Goldstein as managing member. Judge Kyu Young Paek presides over the case. The Debtor is represented by Barry D. Haberman, Esq., at The Law Office of Barry D. Haberman. 451 HANCOCK: Seeks Subchapter V Bankruptcy in New York ------------------------------------------------------ On April 22, 2026, 451 Hancock LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. Meeting of Creditors Filed by United States Trustee. 341(a) meeting to be held on 5/21/2026 at 10:00 AM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 3913464. About 451 Hancock LLC 451 Hancock LLC is a limited liability company. 451 Hancock LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-71579) on April 22, 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. The Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. 505 SR AVE: Case Summary & Six Unsecured Creditors -------------------------------------------------- Debtor: 505 SR Ave LLC 115 Sutton Street Brooklyn, NY 11222 Business Description: 505 SR Ave LLC is a real estate entity focused on a single asset, owning and operating a property located at 505 Santa Rosa Avenue in Santa Rosa, California. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41990 Debtor's General Restructuring Counsel: Matthew G. Roseman, Esq. CULLEN AND DYKMAN LLP The Omni Building 333 Earle Ovington Boulevard, 2nd Floor Uniondale, NY 11553 Tel: 516-357-3700 Email: mroseman@cullenllp.com Debtor's Special Litigation Counsel: ANDREW M. HAYES, ESQ. Debtor's Local California Counsel: EF LAW GROUP, P.C. Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Eric G. Anderson as managing member. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DZ3OAFY/505_SR_Ave_LLC__nyebke-26-41990__0001.0.pdf?mcid=tGE4TAMA 801 RESTAURANT: Hires Brown & Ruprecht PC as Bankruptcy Counsel --------------------------------------------------------------- 801 Restaurant Group, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to hire Brown & Ruprecht, PC to handle its Chapter 11 case. The firm's counsel and staff will be paid at these hourly rates: Frank Wendt, Attorney $375 Seth Snyder, Attorney $265 Paralegals $185 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $27,373 plus filing fee of $1,738 from the Debtor. Frank Wendt, a shareholder in the firm of Brown & Ruprecht, PC, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Frank Wendt, Esq. Brown & Ruprecht, P.C. 2323 Grand Blvd., Suite 1100 Kansas City, MO 64108 Telephone: (816) 292-7000 Facsimile: (816) 292-7050 Email: fwendt@brlawkc.com About 801 Restaurant Group, LLC 801 Restaurant Group, LLC, based in Overland Park, Kansas, is a privately held restaurant operator founded in 1993 that develops and manages dining concepts including steakhouses and seafood restaurants. The company operates restaurant brands including 801 Chophouse, 801 Fish, and Pig & Finch, serving individual and corporate customers across the Midwest and other U.S. markets. 801 Restaurant Group, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Case No. 26-20549) on April 10, 2026, listing $10 million to $50 million in both assets and liabilities. The petition was signed by James P. Lynch, III as manager. Judge Robert D Berger presides over the case. Frank Wendt, Esq. at BROWN & RUPRECHT, PC serves as the Debtor's counsel. 88-18 TROPICAL: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------- On April 22, 2026, 88-18 Tropical Restaurante Corp filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to between 1 and 49 creditors. A meeting of creditors filed by the Office of the United States Trustee under Section 341(a) to be held on May 18, 2026 at 12:30 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 8185618. About 88-18 Tropical Restaurante Corp 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. 88-18 Tropical Restaurante Corp sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41937) on April 22, 2026. In its petition, the Debtor reports estimated assets of $1,000,000 to $10,000,000 and estimated liabilities of $1,000,000 to $10,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Julio E. Portilla, Esq. of Law Office Julio E. Portilla, P.C. A NEW START: Case Summary & 12 Unsecured Creditors -------------------------------------------------- Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- A New Start Primary Care, LLC (Lead Case) 26-40292 224 Phillip Stone Way Central City, KY 42330 A New Start II, LLC 26-40293 222 Phillip Stone Way Central City, KY 42330 Business Description: A New Start Primary Care, LLC and A New Start II, LLC, based in Central City, Kentucky, operate affiliated outpatient healthcare providers focused on substance use disorder treatment and behavioral health care. The organizations provide medication-assisted treatment, counseling and case management for opioid use disorder in an outpatient clinical setting. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court Western District of Kentucky Judge: Hon. Charles R Merrill Debtors' Bankruptcy Counsel: Heather M. Thacker, Esq. GARTLAND THACKER DELCOTTO PLLC 200 North Upper St. Lexington, KY 40507 Tel: (859) 231-5800 Email: hthacker@gtdfirm.com A New Start Primary Care's Estimated Assets: $0 to $50,000 A New Start Primary Care's Estimated Liabilities: $1 million to $10 million A New Start II's Estimated Assets: $1 million to $10 million A New Start II's Estimated Liabilities: $1 million to $10 million The petitions were signed by Timothy Dukes as member, president and CEO. A full-text copy of A New Start Primary Care's petition, which includes a list of the Debtor's 12 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LOHZDJY/A_New_Start_Primary_Care_LLC__kywbke-26-40292__0001.0.pdf?mcid=tGE4TAMA A full-text copy of A New Start II's petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ORIYAYQ/A_New_Start_II_LLC__kywbke-26-40293__0001.0.pdf?mcid=tGE4TAMA A&A DEMO & EXCAVATING: Gets Final OK to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Kentucky, Covington Division granted A&A Demo & Excavating, Inc. final approval to use cash collateral to fund its business operations. Under the final order, the Debtor is authorized to use cash collateral according to an approved budget, with spending not allowed to exceed 10% variance from the listed budget. The court recognized Wright-Patt Credit Union as the only creditor with an interest in the Debtor's cash collateral that would otherwise be unsecured. As adequate protection, WPCU agreed to receive $10,000 per month through June and was granted a replacement lien on post-petition assets with the same priority as its pre-petition lien. Additionally, the Debtor is authorized to make adequate protection payments to several equipment lenders, including Ford Motor Credit, First Citizens Bank, Huntington Bank, Eagle Commercial Lending, and Financial Pacific Leasing, covering assets such as trucks, tractors, equipment attachments, and machinery. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/TIDMM from PacerMonitor.com. About A&A Demo & Excavating Inc. A&A Demo & Excavating, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ken. Case No. 26-20194) with $1,000,001 to $10 million in both assets and liabilities. Judge Hon. Douglas L Lutz oversees the case. The Debtor is represented by; Michael B. Baker, Esq. The Baker Firm, PLLC Tel: 859-647-7777 Email: mbaker@bakerlawky.com A2Z FIELD: Case Summary & 12 Unsecured Creditors ------------------------------------------------ Debtor: A2Z Field Services, LLC 7450 Industrial Parkway Plain City, OH 43064 Business Description: A2Z Field Services, LLC, based in Plain City, Ohio, provides field services for loan servicers, property owners, asset managers and government agencies. The company handles property inspection, preservation, REO work, rehab and repair, rental property servicing, utility, HOA and VPR management, as well as borrower contact and eviction services. It uses Compass 360 Enterprise and the Field Compass mobile app to monitor work in progress and receive real-time updates from the field, and it is supported by a nationwide network of vendors and city and community office representatives across the United States Chapter 11 Petition Date: April 20, 2026 Court: United States Bankruptcy Court Northern District of Ohio Case No.: 26-30863 Judge: Hon. Mary Ann Whipple Debtor's Counsel: Eric R. Neuman, Esq. DILLER AND RICE, LLC 1107 Adams St. Toledo, OH 43624 Tel: 419-244-8500 Fax: 419-244-8538 Email: eric@drlawllc.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Amie Spark as managing member. A full-text copy of the petition, which includes a list of the Debtor's 12 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D73DLEQ/A2Z_Field_Services_LLC__ohnbke-26-30863__0001.0.pdf?mcid=tGE4TAMA AAA GARAGE: Case Summary & 12 Unsecured Creditors ------------------------------------------------- Debtor: AAA Garage Storage Solutions, Inc. Organized Garage Solutions 2335 E. Foothill Blvd., Suite 3 Pasadena, CA 91107 Business Description: AAA Garage Storage Solutions, Inc., operating as Organized Garage Solutions, is a Pasadena, California-based company that designs and installs residential garage organization systems. Founded around 2014, it provides custom cabinetry, shelving, slatwall systems, overhead storage, and garage floor coatings through in-home design consultations and full installation services. The company serves homeowners across the greater Los Angeles area, with operations centered on garage optimization projects aimed at improving storage efficiency and usable space. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-13911 Judge: Hon. Vincent P Zurzolo Debtor's Counsel: Clifford Bordeaux, Esq. BORDEAUX LAW, P.C. 1275 E. Green Street Pasadena, CA 91106 Tel: (626) 788-9270 Email: cliff@bordeauxlaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Varand Zadoorian as president. A full-text copy of the petition, which includes a list of the Debtor's 12 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RCRUBUY/AAA_GARAGE_STORAGE_SOLUTIONS_INC__cacbke-26-13911__0001.0.pdf?mcid=tGE4TAMA ABA THERAPY: Seeks to Tap Kelley Kaplan & Eller as General Counsel ------------------------------------------------------------------ ABA Therapy Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Kelley Kaplan & Eller, PLLC as general counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Attorneys $650 Paralegals $195 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $22,500, which includes the filing fee of $1,738 from the Debtor. In addition to the retainer, the Debtor has agreed to pay the sum of $5,000 per month during the pendency of the case as a post-petition retainer toward future fees. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About 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. Case No. 26-14524) on April 12, 2026. At the time of filing, the Debtor disclosed $377,800 in assets and $1,264,465 in liabilities. The petition was signed by Gary Peirce as CFO and managing member. Judge Mindy A Mora oversees the case. The Debtor tapped Kelley Fulton & Kaplan, P.L. as its legal counsel. ABC CHILDREN'S: Unsecureds Will Get 52% of Claims in Plan --------------------------------------------------------- ABC Children's Eye Specialists, PC submitted a Second Amended Disclosure Statement for Plan of Reorganization dated April 15, 2026. The Debtor engaged May, Potenza, Baran & Gillespie, P.C. ("MPBG") as chapter 11 counsel to facilitate a reorganization of its debts and operations. The Plan has seven classes of creditors and equity interest holders and allows for the payment of creditors' claims through the income generated by the Debtor operating in the ordinary course and a new value contribution (the "New Value Contribution") from the owner of the Debtor, Dr. Brendan Cassidy. Based upon the projections of the Debtor, and due in large part to the benefits of the Bankruptcy Code afforded to the Debtor through this chapter 11 case, the Debtor will be able to make payments pursuant to the Plan to pay the remaining creditors through the income generated by the Debtor operating in the ordinary course, the New Value Contribution of $40,000 from Dr. Cassidy, Dr. Cassidy's waiver of his Priority Wage Claim, and Dr. Cassidy's waiver of his general unsecured claim. Dr. Cassidy will make the New Value Contribution on the Effective Date, and following receipt, the Reorganized Debtor will place the New Value Contribution into a separate interest bearing escrow account, with all interest gained to be contributed to Class 6 Allowed Claims, and make the distribution of the New Value Contribution to Class 6. The Debtor believes that the Plan provides the best and most-prompt possible recovery to the holders of Claims. The Debtor believes that (i) through the Plan, holders of Allowed Claims will obtain a recovery from the Debtor's estate that is equal to or grater than that they would receive if the Debtor's assets were liquidated under chapter 7 of the Bankruptcy Code and (ii) consummation of the Plan will maximize the recovery of the holders of Allowed Claims. The Debtor's obligations under the Plan will be paid from cash the Debtor generates in the ordinary course of business, and will be paid in accordance with the Financial Projections. From the cash generated through its operations in the ordinary course, the Debtor will pay its obligations under the Plan as follows: * First, as of the Effective Date, the Debtor will pay all administrative expense claims, professional fee claims, and priority tax claims, in full. * Second, as of the Effective Date, the Debtor will pay all Non-Tax Priority Claims, in full. * Third, the Debtor will make payments consistent with the payment structure set forth for each Class in the Financial Projections. Class 6 consists of General Unsecured Creditors. The Debtor estimates that the total amount of general unsecured creditors claims is $3,000,000. This total includes filed unsecured claims and scheduled unsecured claims. The Debtor estimates that the administrative expense claims will be around $350,000 which amount is comprised of allowed professional fees. The Debtor estimates that priority unsecured claims total $6,000. After estimating the administrative expense claims at $350,000, the priority unsecured claims at $6,000, and the payments to Classes 1–5, which are secured, the Debtor estimates the total amount available to distribute to unsecured creditors is approximately $1,338,164. Inclusive of the New Value Contribution, Class 6 would receive, in total, $1,378,164, plus any additional interest gained from the interest-bearing escrow account holding the New Value Contribution. Additionally, there will be an additional $12,000 available through the waiver of Dr. Cassidy's Priority Wage Claim, and the pool of General Unsecured Creditors will be lowered by approximately $77,841, due to Dr. Cassidy's waiver of his unsecured claim. The Debtor therefore estimates that recovery to unsecured creditors, inclusive of the New Value Contribution, will be approximately 52% of their claims. The Reorganized Debtor will make the distribution of the New Value Contribution, together with any interest from the interest-bearing escrow account specified in Section I.A herein, to Class 6 on a prorata basis on the same day as the separate December 2026 payment. This amount may vary depending on the amount of the Allowed MCA Secured Claims, and whether unsecured claims are objected to. The Reorganized Debtor will make payments to Class 6 on a pro-rata basis on the last business day of the months set forth below as follows: $100,000 in December 2026; $125,000 in December 2027; $75,000 in June 2028; $100,000 in December 2028; $50,000 in June 2029; $180,672.00 in December 2029; $325,511.00 in June 2030; $182,083.00 in December 2030; and $199,898.00 in June 2031. To the extent any amounts are recovered from the Litigation Claims, such amounts and recoveries will be made available solely to, and for the benefit of, Class 6 Allowed Claims. Such recoveries will be distributed to Class 6 on a prorata basis. Class 6 is impaired and entitled to vote. Class 7 consists of the Allowed Interests in the Debtor as of the Petition Date. 100% of the Allowed Interests are held by Dr. Brendan Cassidy. Within ninety days of the Effective Date, Dr. Cassidy will make a New Value contribution of $40,000 to retain his equity interest in the Debtor, waive his Priority Wage Claim, and waive his general unsecured claim. He will receive nothing on account of his equity interests in the Debtor. Class 7 is impaired and entitled to vote. All payments required by the Plan shall be funded with (i) the income generated by the Debtor through its operations in the ordinary course as set forth in the Financial Projections and (ii) the New Value contribution. A full-text copy of the Second Amended Disclosure Statement dated April 15, 2026 is available at https://urlcurt.com/u?l=GpqIb0 from PacerMonitor.com at no charge. Counsel to the Debtor: Grant L. Cartwright, Esq. Andrew A. Harnisch, Esq. Eric W. Moats, Esq. Emma M. Smith, Esq. May Potenza Baran & Gillespie P.C. 1850 N Central Ave # 1600 Phoenix, AZ 85004 Phone: (602) 252-1900 E-mail: gcartwright@maypotenza.com aharnisch@maypotenza.com emoats@maypotenza.com esmith@maypotenza.com About ABC Children's Eye Specialists PC ABC Children's Eye Specialists, PC, is a healthcare business and professional corporation formed in 2002 in Arizona. ABC Children's Eye Specialists sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-08546) on Sept. 10, 2025, listing up to $10 million in both assets and liabilities. Brendan Cassidy, owner of ABC Children's Eye Specialists, signed the petition. Judge Scott H. Gan oversees the case. Grant L. Cartwright, Esq., at May Potenza Baran & Gillespie, P.C., is the Debtor's legal counsel. Sunflower Bank, N.A., as secured creditor, is represented by: Wade M. Burgeson, Esq. Engelman Berger, P.C. 2800 North Central Avenue, Suite 1200 Phoenix, AZ 85004 Phone: (602) 222-4989 Email: Wmb@eblawyers.com ABSOLUTE DEFENSE: Plan Exclusivity Period Extended to June 15 ------------------------------------------------------------- Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western District of North Carolina extended Absolute Defense, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 15 and July 15, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the root of the request is that its insider has been dealing with health matters that are intrusive and require multiple tests. These health matters have caused the initial 341 meeting of creditors to be continued. The Debtor has identified plan issues that will require attention towards reorganization and has engaged with those parties in hopes of resolution. The Debtor claims that it seeks an extension of the Exclusivity Period in order for the company to ascertain and provide the most accurate information for a Disclosure Statement and Plan of Reorganization. The accurate information centers around the collectability of accounts receivable and litigation claims as that, along with operating as a going concern, are the greatest sources of funding for any plan. These continued efforts will aid in formulating an accurate Plan of Reorganization. The Debtor submits that its request is made in good faith and not for the purposes of delay, and that no party of interest will be harmed by the granting of the extension requested herein. No previous extensions or enlargements of the exclusivity period have been sought by the Debtor. Absolute Defense, LLC is represented by: John C. Woodman, Esq. Essex Richards, PA 1701 South Blvd. Charlotte, NC 28203 Telephone: (704) 377-4300 About Absolute Defense Absolute Defense, LLC designs and implements building-hardening and physical-security solutions that protect facilities from man-made threats and natural hazards by using reinforced glazing, perimeter-protection measures, access-control systems, and other structural-hardening technologies. Absolute Defense, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 25-31231) on Nov. 15, 2025. At the time of filing, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Tonya Cockman as member. Judge Ashley Austin Edwards presides over the case. John C. Woodman, at ESSEX RICHARDS PA, is the Debtor's counsel. ACADEMY OF VOLLEYBALL: Gets Extension to Access Cash Collateral --------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of California entered an interim order authorizing Academy of Volleyball, Inc. to use cash collateral. Under the order, the Debtor is authorized to use cash collateral through May 14 for the expenses set forth in its budget. This temporary authority is intended to allow the Debtor to continue operations while the court considers whether broader or longer-term authority should be granted. The court scheduled a continued hearing for May 14. Any objections to the Debtor's continued use of cash collateral must be filed by May 7. The order is available at https://is.gd/a6bSFW from PacerMonitor.com. About Academy of Volleyball Inc. Academy of Volleyball, Inc. provides youth and junior volleyball training and competitive programs from its headquarters in West Redwood City, California, with additional facilities in North Burlingame. The club offers girls and boys teams, summer and winter camps, clinics, private lessons, beach volleyball programs, and college recruiting resources, serving athletes typically aged 10 through 18. The club's programs help athletes build technical skills, develop mental toughness, and learn teamwork and composure in a competitive, team-driven environment. Facilities include multiple courts, a performance lab, and year-round practice spaces designed to support skill advancement and athlete performance. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30265) on March 26, 2026. In the petition signed by Daniele Desiderio, CEO, the Debtor disclosed $427,076 in total assets and $3,000,664 in total liabilities. Judge Hannah L. Blumentstiel oversees the case. Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger, represents the Debtor as bankruptcy counsel. AEROAQUA CORP: Seeks to Hire Leislha G. Vasquez Murphy as Counsel ----------------------------------------------------------------- Aeroaqua Corp. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Leislha G. Vazquez Murphy, Esq., an attorney practicing in Cayey, Puerto Rico, as counsel. The attorney's services include: (a) assist and advise the Debtor relative to the administration this proceeding; (b) represent the Debtor before the Bankruptcy Court and advise it on all pending litigations, hearings, motions and of the decisions of the Bankruptcy Court; (c) attend all meetings conducted pursuant to section 341(a) of the Bankruptcy Code; (d) review and analyze all applications, orders and motions filed with the Bankruptcy Code by third parties in this proceeding and advise the Debtor thereon; (e) communicate with creditors and all other parties in interest; (f) confer with all other professionals, including any accountants and consultants retained by the Debtor and by any other party of interest; (g) prepare, draft and prosecute the plan of reorganization and disclosure statement; and (h) assist and advise the Debtor in the discharge of all the duties imposed by the applicable disposition of the Bankruptcy Code and the Federal Rules of Bankruptcy Procedure. The attorney received a retainer in the amount of $5,000 from the Debtor, plus $1,738 for the court filing fee. Ms. Vazquez Murphy disclosed in a court filing that she is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: Leislha G. Vazquez Murphy, Esq. P.O. Box 372519 Cayey, PR 00737 Telephone: (787) 263-2377 Email: lcdaleislha@gmail.com About Aeroaqua Corp. Aeroaqua Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00442) on February 5, 2026, listing under $1 million in both assets and liabilities. Judge Maria De Los Angeles Gonzalez oversees the case. Leislha G. Vazquez Murphy, Esq., serves as the Debtor's counsel. ALL THINGS SURPLUS: Has Deal on Cash Collateral Access ------------------------------------------------------ All Things Surplus, LLC and the U.S. Small Business Administration advise the U.S. Bankruptcy Court for the District of Arizona 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 SBA is a major secured creditor based on a loan originally issued in 2020 and later increased to over $400,000, secured by a broad lien on essentially all of the Debtor's personal property, including inventory, accounts, and cash collateral. The Debtor does not dispute the validity or terms of this loan or the SBA's perfected security interest. Under the stipulation, the SBA consents to the Debtor's use of its cash collateral—defined as proceeds from the secured assets—subject to specific conditions. The Debtor may use these funds retroactively from the bankruptcy filing date through July 31, 2026 (or until plan confirmation), strictly for ordinary and necessary business expenses in accordance with an agreed budget, with limited flexibility (up to 10% variance). The agreement is designed to allow the Debtor to continue operating while maintaining transparency and financial discipline, including the requirement to provide regular financial reports and comply with bankruptcy rules governing professional payments and insider compensation. To protect the SBA's secured interest, the stipulation provides for adequate protection in several forms. Most notably, the SBA receives a replacement lien on all post-petition revenues to the extent its collateral is diminished through the Debtor's use of cash collateral. This lien is automatically perfected and enforceable without further action. Additionally, the Debtor must make monthly adequate protection payments to the SBA beginning this month, maintain insurance on collateral naming the SBA as loss payee, and preserve the overall value of the business as a going concern. A copy of the stipulation is available at https://urlcurt.com/u?l=bmOtUw from PacerMonitor.com. About All Things Surplus LLC All Things Surplus, a company based in Phoenix, Arizona, is an electronics surplus reseller offering new and refurbished computer and IT components, including motherboards, hard drives, power supplies, memory, and enterprise server systems, alongside a broad inventory of books, cameras, consumer electronics, business and industrial goods, clothing, and collectibles. Founded by a team with over 30 years of combined industry experience, the company evaluates used products before listing and updates its procedures to maintain operational standards. Its customers include individuals and businesses seeking to rebuild, upgrade, or maintain computer systems, as well as buyers of assorted surplus items. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-02922) on March 26, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Jeffrey Moore, managing member, signed the petition. Judge Daniel P. Collins presides over the case. Allan D. NewDelman, Esq., at Allan D. NewDelman, P.C. represents the Debtor as legal counsel. ALLSTAR PROPERTIES: Seeks to Sell Vehicles ------------------------------------------ Allstar Properties, LLC (ASP) and its affiliates, Allstar Properties I, LLC (ASPI), and ACH Rental Properties, LLC (ACH), seek approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. ASP is a Georgia limited liability company. ASP is a real estate holding company that owns and/or manages several large pieces of real property throughout the northwest corner of the State of Georgia, in Floyd, Haralson and Polk Counties (Investment Properties). The Investment Properties do not generate revenue unless and until they are sold, other than occasional timber and tangential sales. ASPI is Georgia limited liability company. ASPI owns certain commercial properties that it rents to business tenants throughout the northwest corner of the State of Georgia, in Floyd, Haralson and/or Polk Counties (Commercial Properties). Where applicable, ASPI collects rent on the Commercial Properties. ACH is a Georgia limited liability company. ACH owns certain residential properties that it rents to individual tenants throughout the northwest corner of the State of Georgia, in Floyd, Haralson and/or Polk Counties (Residential Properties). Where applicable, ACH collects rent on the Residential Properties. ASPI and ACH were created for the purpose of obtaining and managing the Commercial and Residential Properties. Andrew Heaner is the sole member ASP, and the majority member in ASPI and ACH. Mr. Heaner’s wife, Mary Helen Heaner, and adult son, Gardner Heaner, are the other minority owners in ASPI and ACH. The Debtors desire to sell vehicles to generate funds to pay administrative expenses: A. 2006 International 440 Dump Truck, VIN 1HTMSAAR46H307098 B. 1993 International 4700 4x2 Wrecker, VIN 1HTSCPEN4PH526157 To administer the case in a proper and efficient manner, including the sale of the Vehicles, ASP located a broker to market for sale the Vehicles for private sale. Iron Auction Group, LLC, and its affiliate 4M Iron, have evaluated the Vehicles and intend to list them for sale at the following prices – 2006 International 440 Dump Truck - $19,000 1993 International 4700 4x2 Wrecker - $20,500 In order to efficiently sell the Vehicles, ASP, with consultation from the proposed broker, proposes marketing the Vehicles for private sale which shall be reported to the U.S. Trustee and any creditor requesting notice. Creditors wishing to be served with the notices, shall make a request in writing to ASP's counsel by electronic mail to: Anna M. Humnicky, Esq., ahumnicky@smallherrin.com, within 10 days of the entry of an Order granting the Motion. ASP has not identified any liens, claims, encumbrances, or other interests against the Vehicles but proposes that the order approving the Motion provide that all auction sales will be free and clear of liens, claims, encumbrances, or other interests. ASP proposes that the Proposed Broker be entitled to compensation in the form of a commission in the amount of 10% of the proceeds of the sale of the Vehicles. ASP further shows that the sales of the Vehicles is beneficial to and in the best interests of the estate and its creditors. The proposed sale of the Vehicles will allow ASP to obtain the maximum value for its assets. About Allstar Properties LLC Allstar Properties LLC and affiliates are Georgia-based real estate companies that hold and manage property assets. The Allstar entities focus on property ownership, while ACH Rental Properties provides property management and rental services. Collectively, they operate within the real estate sector across residential and nonresidential properties in the state. Allstar Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41314) on August 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Barbara Ellis-Monro handles the case. The Debtor is represented by Anna Humnicky, Esq. at SMALL HERRIN, LLP. ALPINE CORP: Taps Stein Shostak Pollack & O'Hara as Special Counsel ------------------------------------------------------------------- Alpine Corporation filed a supplemental application seeking approval from the U.S. Bankruptcy Court for the Central District of California to employ Stein Shostak Pollack & O'Hara as special counsel. The firm will assist the Debtor in seeking refunds of the IEEPA and Reciprocal tariffs the Debtor paid (beginning in February and April of 2025) that the Supreme Court recently held are unlawful. The Debtor estimates that the refunds may be valued at greater that $700,000. These claims are not included in the original application. In this matter, the firm will charge a flat fee of $10,000, plus the initial court filing costs of $400 to file a summons and complain in the United State Court of International Trade. If successful, the firm's fee will be 15% of the gross recovery either by a court judgement or a protest approved by Customs. The flat fee of $10,000 and the $400 filing fee will be credited against the 15% gross recovery. If not successful, no additional fee is due. Elon Pollack, Esq., a managing partner at Stein Shostak Pollack & O'Hara, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Elon Pollack, Esq. Stein Shostak Pollack & O'Hara 865 South Figueroa Street, Suite 1388 Los Angeles, CA 90017 Telephone: (213) 630-8888 Facsimile: (213) 630-8390 About Alpine Corporation Alpine Corporation, founded in 1999 and based in California, designs, imports, and distributes home, garden, and holiday products, offering a range that includes outdoor lighting, fountains, planters, garden decor, seasonal items, and innovative new products such as Bluetooth speakers. The Company operates an in-house design team known for producing decorative and functional pieces, and maintains a global sourcing operation to ensure quality, competitive pricing, and timely delivery. Alpine serves both retail stores and online customers through its platform, positioning itself in the home and garden products industry. Alpine Corporation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-10067) on January 5, 2026. At the time of the filing, the Debtor disclosed up to $50 million in both assets and liabilities. Honorable Judge Neil W. Bason oversees the case. Kogan Law Firm, APC is the Debtor's counsel. ALTAMAHA D.M.E.: Court Extends Cash Collateral Access to June 4 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Georgia, Brunswick Division, issued a second interim order authorizing Altamaha D.M.E., Inc. to use cash collateral to fund operations. Under the second interim order, the Debtor is authorized to use cash collateral through June 4 or until the appointment of a Chapter 11 trustee; the dismissal or conversion of the Debtor's bankruptcy case to one under Chapter 7; or the occurrence of a default event, which remains uncured. Spending must be in accordance with an approved budget. The budget shows total operational expenses of $103,950 for May and $102,900 for June. The U.S. Small Business Administration and 12 other creditors will be granted replacement liens on the Debtor's assets to protect against any loss in value of their collateral, although these liens do not extend to Chapter 5 causes of action. The order does not waive any claims, defenses, or rights the parties may have, including the ability to seek additional protections, challenge liens, or present further evidence at a later stage. The court scheduled a final hearing for June 4. The order is available at https://is.gd/Al9xjH from PacerMonitor.com. About Altamaha D.M.E. Inc. Altamaha D.M.E., Inc. operates a medical device sales business with three storefront locations in Jesup, Brunswick, and Pooler, Georgia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 26-20053-MJK) on February 24, 2026. In the petition signed by Teresa L. Brake, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Michele J. Kim oversees the case. Thomas B. Norton, Esq., at Stone & Baxter, LLP, represents the Debtor as legal counsel. AMC ENTERTAINMENT: S&P Rates $425MM First-Lien Term Loan 'B-' ------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level and '2' recovery ratings to AMC Entertainment Holdings Inc.'s (AMCEH) $425 million term loan due in 2031 issued by its U.K. subsidiary, Odeon Finco PLC. The '2' recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 70%) recovery for lenders in the event of a payment default. All our other ratings on AMCEH, including our 'CCC+' issuer credit rating, are unchanged. AMC used the proceeds from the recently issued $425 million term loan at Odeon to repay the $400 million Odeon senior secured notes due in 2027 and for related fees, premiums, and expenses. The term loan will have a structurally senior claim on the company's European assets. While the transaction pushed out debt maturities, we continue to view AMCEH's capital structure as unsustainable. The company faces a significant maturity wall of about $3.2 billion in 2029. Even with potential improvements in box office performance, AMCEH's cash flow will remain constrained by high fixed charges, including over $400 million in annual interest expense and $850 million in rent. Issue Ratings--Recovery Analysis Key analytical factors --AMC's expected capital structure comprises a $2 billion senior secured first-lien term loan maturing in 2029, $112 million of exchangeable notes due in 2030, $156 million of exchangeable notes due in 2030 (not rated), and $877 million of secured notes due in 2029 (all issued by coborrowers Muvico LLC and AMCEH); $425 million, 10.5% senior secured first-lien term loan due in 2031 (issued by Odeon); $360 million, 7.5% senior secured first-lien notes due in 2029 (issued by AMCEH), and $126 million of other outstanding subordinated notes due in 2027 (issued by AMCEH). -- The term loan has a first-priority claim on the assets at Muvico and AMCEH. -- The senior secured notes due in 2029 also retain a first-priority claim on the assets at AMCEH. -- The term loan issued at Odeon will have a priority claim on the company's European assets, and there is no residual claim remaining for debt in other groups. -- The first-lien debt is contractually senior to all subordinated debt. Simulated default assumptions -- S&P's simulated default scenario considers a hypothetical default in 2027 due to a slower-than-expected recovery in theater attendance and a sudden, sharp shift toward alternative film delivery methods. -- All debt includes six months of prepetition interest. -- S&P assumes that, in the event of a default or insolvency proceeding, AMCEH would reorganize, close its underperforming theaters, and unwind its leases. It uses a distressed EBITDA multiple of 6x to value the company. Simplified waterfall -- EBITDA at emergence: $532 million -- EBITDA multiple: 6x -- Net enterprise value (after 5% administrative costs): $3 billion -- Total value available to senior secured first-lien term loan: $2.2 billion -- Estimated senior secured first-lien term loan debt claims: $2.1 billion --Recovery expectations: 90%-100% (rounded estimate: 95%) -- Total value available to Odeon first-lien term loan: $325 million -- Estimated Odeon first-lien term loan claims: $445 million --Recovery expectations: 70%-90% (rounded estimate: 70%) -- Total value available to Muvico senior secured notes: $384 million -- Estimated Muvico senior secured notes claims: $916 million --Recovery expectations: 30%-50% (rounded estimate: 40%) -- Total value available to senior secured first-lien notes: $157 million -- Estimated senior secured first-lien note claims: $375 million --Recovery expectations: 30%-50% (rounded estimate: 40%) -- Total value available to exchangeable notes: $0 -- Estimated exchangeable debt claims: $115 million --Recovery expectations: 0%-10% (rounded estimate: 0%) -- Total value available to subordinated debt: $0 -- Estimated subordinated debt claims: $130 million --Recovery expectations: 0%-10% (rounded estimate: 0%) AMERICAN STRUCTURAL: Hires Hinkle Law Firm as Insolvency Counsel ---------------------------------------------------------------- American Structural Systems, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Kansas to hire Hinkle Law Firm LLC as insolvency counsel. The firm will render these services: (a) advise the Debtor of its rights, powers, and duties; (b) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders (if any) and related transactions; (c) investigate into the nature and validity of liens asserted against the property of the Debtor, and advise it concerning the enforceability of those liens; (d) investigate and advise the Debtor concerning and take such action as may be necessary to collect income and assets in accordance with applicable law and recover property for the benefit of its estate; (e) prepare on behalf of the Debtor such legal documents as may be necessary and appropriate, and review the financial and other reports to be filed herein; (f) advise the Debtor concerning and prepare responses to legal documents which may be filed and served herein; (g) counsel the Debtor in connection with the formulation, negotiation and promulgation of plan and related documents; and (h) perform such other legal services for and on behalf of the Debtor as may be necessary or appropriate in the administration of the case. The firm will be billed at these hourly rates: Nicholas Grillot, Attorney $325 Lora Smith, Attorney $270 Associates $220 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received a general retainer from the Debtor in the sum of $10,000 for services to be rendered in connection with this case. Mr. Grillot disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Nicholas R. Grillot, Esq. Hinkle Law Firm, LLC 1617 N. Waterfront Parkway, Ste. 400 Wichita, KS 67206 Telephone: (316) 660-6211 Facsimile: (316) 660-6523 Email: ngrillot@hinklaw.com About American Structural Systems Inc. American Structural Systems, Inc. manufactures specialized aircraft parts for the U.S. Department of Defense. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-10371) on April 13, 2026. In the petition signed by Mark A. Hunter, president, the Debtor disclosed up to $50,000 in assets and up to $100,000 in liabilities. Judge Mitchell L. Herren oversees the case. Nicholas R. Grillot, Esq., at Hinkle Law Firm LLC, represents the Debtor as legal counsel. AMERICAN STRUCTURAL: Seeks to Tap Hinkle Law Firm as Legal Counsel ------------------------------------------------------------------ American Structural Systems, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Hinkle Law Firm LLC as counsel. The firm will render these services: (a) advise the Debtor of its rights, powers, and duties; (b) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders (if any) and related transactions; (c) investigate into the nature and validity of liens asserted against the property of the Debtor, and advise it concerning the enforceability of those liens; (d) investigate and advise the Debtor concerning and take such action as may be necessary to collect income and assets in accordance with applicable law and recover property for the benefit of its bankruptcy estate; (e) prepare on behalf of the Debtor such legal documents as may be necessary and appropriate, and review the financial and other reports to be filed herein; (f) advise the Debtor concerning and prepare responses to legal documents which may be filed and served herein; (g) counsel the Debtor in connection with the formulation, negotiation and promulgation of plan and related documents; and (h) perform such other legal services for and on behalf of the Debtor as may be necessary or appropriate in the administration of the case. The firm will be paid at these hourly rates: Nicholas Grillot, Attorney $325 Lora Smith, Attorney $270 Associates $220 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer from the Debtor in the sum of $10,000. Mr. Grillot disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Nicholas R. Grillot, Esq. Hinkle Law Firm LLC 1617 N. Waterfront Parkway, Ste. 400 Wichita, KS 67206 Telephone: (316) 660-6211 Facsimile: (316) 660-6523 Email: ngrillot@hinklaw.com About American Structural Systems Inc. American Structural Systems, Inc. manufactures specialized aircraft parts for the U.S. Department of Defense. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-10371) on April 13, 2026. In the petition signed by Mark A. Hunter, president, the Debtor disclosed up to $50,000 in assets and up to $100,000 in liabilities. Judge Mitchell L. Herren oversees the case. Nicholas R. Grillot, Esq., at Hinkle Law Firm LLC, represents the Debtor as counsel. ANDERSON COMPANIES: Seeks to Hire Anthony M. Ardito as Accountant ----------------------------------------------------------------- Anderson Companies LLC, doing business as Jersey Premier Landscape Management, seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Anthony M. Ardito, a certified public accountant practicing in Hammonton, New Jersey, as its accountant. The accountant will assist the Debtor in preparing cash flow projections, operating reports, and ordinary course tax filing. The accountant's hourly rates range from $50 to $200 depending on the nature of work performed. Mr. Ardito disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Anthony M. Ardito, CPA 329 Winding Way Hammonton, NJ 08037 About Anderson Companies LLC Anderson Companies LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12028) on February 26, 2026. In the petition signed by Shawn Anderson, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Andrew B. Altenburg, Jr. oversees the case. The Debtor tapped Jenny Kasen, Esq., at Kasen Law Group, PC as counsel and Anthony M. Ardito, CPA, as accountant. AON STUDIOS: Hires Dickinson Bradshaw Fowler & Hagen as Counsel --------------------------------------------------------------- AON Studios, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Iowa to employ Dickinson, Bradshaw, Fowler & Hagen PC as counsel. The firm will render these services: (a) advise and assist the Debtor with respect to compliance with the requirements of the United States Trustee; (b) advise the Debtor regarding matters of Bankruptcy Law; (c) represent the Debtor in any proceedings or hearings in the Bankruptcy Court and in any action in any other court where its rights under the Bankruptcy Code may be litigated or affected; (d) conduct examinations of witnesses, claimants, or adverse parties and prepare and assist in the preparation of reports, accounts, and pleadings related to this Chapter 11 case; (e) advise the Debtor concerning the requirements of the Bankruptcy Code and applicable rules as the same affect the Debtor in this proceeding; (f) assist the Debtor in the negotiation, formulation, confirmation, and implementation of a Chapter 11 Plan; (g) make any court appearances on behalf of the Debtor; and (h) take such other action and perform such other services as the Debtor may require of the firm in connection with the Chapter 11 case. The firm's counsel will be paid at these hourly rates: Jeffrey Goetz, Attorney $550 Associates $130 - $400 Paralegals $85 - $125 In addition, the firm will seek reimbursement for expenses incurred. The firm received a post-petition retainer of $2,000 from the Debtor. Mr. Goetz disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeffrey D. Goetz, Esq. Dickinson Bradshaw Fowler & Hagen PC 801 Grand Avenue, Suite 3700 Des Moines, IA 50309 Telephone: (515) 246-5817 Facsimile: (515) 246-5808 Email: jgoetz@dickinsonbradshaw.com About AON Studios LLC AON Studios, LLC, based in Des Moines, Iowa, provides video production and live streaming services, including corporate and commercial video production, legal deposition recording, podcast studio services, motion graphics, and virtual conferencing. Operating from a 6,000-square-foot facility, the company supports projects from pre-production through final delivery for business and media clients. AON Studios sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Iowa Case No. 26-00573) on April 13, 2026. In the petition was signed by Dwight A. Reed, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Lee M. Jackwig oversees the case. The Debtor tapped Jeffrey D. Goetz, Esq., at Dickinson Bradshaw Fowler & Hagen PC as counsel. ASTORIA DESIGN: Hires Krigel Nugent + Moore as Bankruptcy Counsel ----------------------------------------------------------------- Astoria Design Build, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to hire Krigel Nugent + Moore, P.C. to serve as attorneys. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) attend meetings and negotiate with representatives of creditors and other parties in interest; (c) take all necessary action to protect and preserve the estate; (d) prepare on behalf of Debtor all legal papers necessary to the administration of the estate; (e) negotiate and prosecute on the Debtor's behalf all contracts for the sale of assets, plan of reorganization, and all related agreements and/or documents, and take any action that is necessary for it to obtain confirmation of its Plan of Reorganization; (f) appear before this court and the United States Trustee, and protect the interests of the Debtor's estate before the court and the U.S. Trustee; and (g) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 proceeding. The hourly rates for 2026 charged by the attorneys and paralegals range from $350/hour-$450/hour for attorneys. The legal assistants and paralegals are billed at $150/hour. Erlene Krigel, Esq., a partner at Krigel Nugent + Moore, PC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Erlene Krigel, Esq. Krigel Nugent + Moore, PC 4520 Main St., Ste. 700 Kansas City, MO 64111 Telephone: (816) 756-5800 About Astoria Design Build, LLC Astoria Design Build, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Case No. 26-20524) on April 8, 2026, listing $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Dale L Somers presides over the case. Erlene W Krigel, Esq. at Krigel Nugent Moore, P.C. serves as the Debtor's counsel. ATBIZ LLC: Seeks to Hire Rosamar Garcia-Fontan as Special Counsel ----------------------------------------------------------------- ATBIZ, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Rosamar Garcia-Fontan, Esq., an attorney practicing in Hato Rey, Puerto Rico, as special counsel. The attorney will represent the Debtor in the pending Zagacity Chapter 11 case in Puerto Rico. Ms. Garcia-Fontan will be paid at her hourly rate of $125. Ms. Garcia-Fontan disclosed in a court filing that she is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: Rosamar Garcia-Fontan, Esq. 270 Munoz Rivera Avenue Hato Rey, PR 00918 About ATBIZ LLC ATBIZ LLC is a Miami, Florida-based wholesale distributor and exporter of appliances, consumer electronics, furniture, and related products, serving retailers, importers, and distributors across the United States, the Caribbean, Central America, and South America. The company offers a catalog of products including TVs, audio equipment, small and large home appliances, health and beauty items, commercial appliances, and furniture. It also provides OEM and private-label manufacturing services, handling product design, quality control, and logistics for business clients. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12500) on February 27, 2026. In the petition signed by Giovanni Ramos, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. The Debtor tapped Geoffrey Aaronson, Esq., at Aaronson Schantz Bailey PA as bankruptcy counsel and Rosamar Garcia-Fontan, Esq., as special counsel. BALANCE HOLDING: Seeks Approval to Tap Deleon & Stang as Accountant ------------------------------------------------------------------- Balance Holding Company, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ Deleon & Stang as accountant. The firm will prepare tax filings and returns as necessary in connection with this case. The firm will be paid at a maximum rate of $520 per hour. Bradly Hoffman, CPA, a managing partner at Deleon & Stang, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Bradly Hoffman, CPA Deleon & Stang 150 South East St., Ste. 103 Frederick, MD 21701 About Balance Holding Company Balance Holding Company, LLC, is an investment and management company that focuses on business opportunities in the fitness industry. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.D.C. Case No. 24-00421) on Dec. 12, 2024, listing up to $50,000 in assets and up to $10 million in liabilities. Judge Elizabeth L. Gunn presides over the case. The Debtor tapped Kermit A. Rosenberg, Esq., at Washington Global Law Group, PLLC as counsel and Bradly Hoffman, CPA, at Deleon & Stang as accountant. BARBEQUE EXCHANGE: Gets Final OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Virginia entered a final order granting The Barbeque Exchange, L.L.C. approval to use cash collateral. Under the final order, the Debtor is authorized to continue using cash collateral until either a Chapter 11 plan is confirmed or the court orders otherwise. The use must align with the Debtor's budget and must be for ordinary business operations. As adequate protection, the U.S. Small business Administration and 10 other lenders will be granted a replacement lien on the Debtor's cash collateral, but only to the extent, validity, and priority of any proven pre-petition interest, and only to the extent of any post-petition decrease in value of that interest. The order preserves all parties' rights to challenge liens or assert claims in the future and does not constitute a final determination of the validity or priority of any creditor's interest. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/POoje from PacerMonitor.com. About The Barbeque Exchange The Barbeque Exchange, L.L.C. is a barbecue restaurant in Gordonsville, Virginia, that also offers catering. It serves hickory-smoked and slow-roasted meats like pork shoulders, spareribs, chicken, brisket, and pork belly, along with sides such as Brunswick stew, baked beans, collard greens, and freshly baked breads, plus sandwiches, salads, and desserts. The restaurant has a rustic, family-friendly atmosphere and welcomes both locals and visitors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 26-60291) on March 10, 2026. In the petition signed by Craig A. Hartman, Sr., member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Rebecca B. Connelly oversees the case. David Cox, Esq., at Cox Law Group, represents the Debtor as bankruptcy counsel. BAYMARK HEALTH: Creditors Set to Take Control in Debt Restructuring ------------------------------------------------------------------- Irene García Perez of Bloomberg News reports that BayMark Health Services will be handed over to its creditors as part of a plan to restructure its debt, people familiar with the matter said. Private equity owner Webster Equity Partners has agreed to relinquish control in exchange for lenders writing down more than 40% of the company's debt. The deal is designed to improve liquidity and reduce leverage. The Texas-based provider built up debt through multiple acquisitions but later faced operational hurdles and softer demand after a pandemic-driven high point, factors that contributed to the need for restructuring, the report states. About BayMark Health Services, Inc. BayMark Health Services is dedicated to providing treatment tailored to meet each person regardless of where they are in their recovery journey. BELL ROAD SELF: Case Summary & One Unsecured Creditor ----------------------------------------------------- Debtor: Bell Road Self Storage, LLC 1136 S. Park Dr., Ste. 101 Bowling Green, KY 42103 Business Description: Bell Road Self Storage, LLC is a single-asset real estate company whose primary asset consists of property located at 1488 Bell Road, Nashville, TN 37211, with an estimated value of $7.23 million. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Western District of Kentucky Case No.: 26-10377 Debtor's Counsel: Michael McClain, Esq. MCCLAIN LAW GROUP, PLLC 6008 Brownsboro Park Boulevard, Suite G Louisville, KY 40207 Tel: (502) 1004x108 Fax: (888) 219-0145 Email: mmcclain@mcclainlawgroup.com Total Assets: $7,230,662 Total Liabilities: $6,653,902 The petition was signed by Mark Williams as manager. The Debtor listed Southeastern Steel Brokers, Inc., located at 33 Music Square, West Nashville, TN 37203, as its only unsecured creditor related to trade debt. 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/KVF33JY/Bell_Road_Self_Storage_LLC__kywbke-26-10377__0001.0.pdf?mcid=tGE4TAMA BELLA CAPRI: Seeks to Tap Redfin Corporation as Real Estate Broker ------------------------------------------------------------------ Bella Capri, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Redfin Corporation as real estate broker. The firm will market and sell the Debtor's property located at 17875 Collins Ave #PH4506, Sunny Isles Beach, Florida 33160-2718. The broker will receive a commission of 3% of the sale price. Redfin Corporation 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 estate, according to court filings. The firm can be reached through: Cristina Llanos Redfin Corporation 5901 Broken Sound Parkway, Suite 501 Boca Raton, FL 33487 Tel: (954) 547-0497 About Bella Capri LLC Bella Capri, LLC, a company in Sunny Isles Beach, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24523) on Dec. 9, 2025. In its petition, the Debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Laurel M. Isicoff oversees the case. The Debtor is represented by Jeffrey N. Schatzman, Esq. BEST DRESSED: SSG Served as Investment Banker in Amick Farms Sale ----------------------------------------------------------------- SSG Capital Advisors, LLC served as the investment banker to The Best Dressed Chicken, Inc. in the sale of its South Carolina processing plant to Amick Farms, LLC. The transaction closed in April 2026. The Best Dressed Chicken, a subsidiary of The Jamaica Broilers Group, is a vertically integrated producer of branded poultry products with operations spanning feed production, breeding, hatching, and processing. The Company's processing plant, located in Ward, South Carolina, handles the slaughter, processing, packaging, and distribution of ready-to-cook chicken products. Faced with operational challenges and difficult market conditions, the Company conducted a strategic review of its overall business and operational footprint. SSG conducted a targeted and competitive marketing process and engaged a select group of strategic and financial buyers, which generated significant market interest in an expedited timeframe. Following a review of alternatives, Amick Farms emerged as the preferred acquirer of the Company's South Carolina processing plant, offering a compelling strategic fit and a strong foundation for continued operational success. As part of the transaction, Amick Farms also purchased the Company's feed mill, and entered into a lease for the Company's hatchery and an egg supply contract with the Company's breeding operation. SSG's experience across the agriculture and food processing sectors was instrumental in advising The Best Dressed Chicken through a comprehensive strategic process. SSG worked closely with management, BDO USA, Tripp Scott, and stakeholders to evaluate alternatives and execute a transaction that maximized value and positioned the Company's South Carolina processing plant for continued success under new ownership. Amick Farms is a vertically integrated poultry producer with operations across Maryland, Mississippi, and South Carolina, and over 80 years of experience in the poultry industry. Other professionals who worked on the transaction include: * Robert C. Meacham, Charles M. Tatelbaum, and Ashley R. Arinus of Tripp Scott, P.A., counsel to The Best Dressed Chicken; * Baker Smith, James Schwarz, Anthony Del Piano, Adam Kaplan, and Alex Voissard of BDO USA, P.C., financial advisor to The Best Dressed Chicken; and * G. Marcus Knight, Julian Hennig III, and Emery T. Levine of Maynard Nexsen P.C., counsel to Amick Farms. About SSG Capital Advisors, LLC SSG Capital Advisors is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions. We provide our clients with comprehensive investment banking services in the areas of mergers and acquisitions, private placements, financial restructurings, valuations, litigation, and strategic advisory. SSG has a proven track record of closing over 500 transactions in North America and Europe and is a leader in the industry. Securities are offered through SSG Capital Advisors, LLC (Member SIPC, Member FINRA). All other transactions are effectuated through SSG Advisors, LLC, both of which are wholly owned by SSG Holdings, LLC. SSG is a registered trademark for SSG Capital Advisors, LLC and SSG Advisors, LLC. BLUE ONYX: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Blue Onyx Systems, LLC f/d/b/a Viking Masek Robotics and Automation, LLC f/d/b/a Viking Robotics and Automation, LLC f/d/b/a Industrial Automation Solutions, LLC f/d/b/a VM-Industauto, LLC f/d/b/a IAS Holdings, Inc. 5125 South Towne Center New Berlin, WI 53151 Business Description: Blue Onyx Systems, formerly known as IAS, is a New Berlin, Wisconsin-based provider of industrial automation systems, designing and integrating equipment for manufacturing environments. The company, founded by Paul Szeflinski and a KUKA System Partner since 2008, develops solutions that incorporate robotics in a majority of its systems. Its services include custom machine design, equipment upgrades, remote support, maintenance programs, and training, serving customers across industries such as consumer products, food and beverage, rubber and plastics, metal processing, and warehousing and logistics. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Eastern District of Wisconsin Case No.: 26-22269 Judge: Hon. G. Michael Halfenger Debtor's Counsel: Nicholas W. Kerkman, Esq. KERKMAN & DUNN 839 N. Jefferson St., Ste. 400 Milwaukee, WI 53202-3744 Tel: 414-277-8200 E-mail: nkerkman@kerkmandunn.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Bryan Brisch as authorized representative. 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/6IF2HJA/Blue_Onyx_Systems_LLC__wiebke-26-22269__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/6OQD7AY/Blue_Onyx_Systems_LLC__wiebke-26-22269__0001.0.pdf?mcid=tGE4TAMA BLUESTAR MARKETING: Lender Seeks to Prohibit Cash Collateral Access ------------------------------------------------------------------- The Perrien Group Inc. asks the U.S. Bankruptcy Court for the Northern District of Florida, Pensacola Division, to prohibit Bluestar Marketing LLC from using cash collateral. The lender is seeking court orders related to insurance proceeds tied to the Debtor's damaged property. Perrien argues that it is the sole secured creditor, holding a mortgage and security interest—originating from a 2019 loan of $875,000 and reinforced by a later $1.8 million judgment—over the Debtor's primary asset, a property in Pensacola, Florida. The mortgage explicitly grants Perrien rights to any insurance proceeds from damage to the property, including authority to endorse checks and apply proceeds toward the debt. Following property damage in 2020, insurance payments totaling about $221,000 were issued jointly to the Debtor and Perrien but were never cashed and are now stale. Perrien contends these checks constitute cash collateral under bankruptcy law, meaning the Debtor cannot use or retain them without consent or court approval. Since the Debtor has no income, no equity in the property (liabilities exceed assets), and cannot provide adequate protection of Perrien's secured interest, Perrien argues the Debtor has no legal basis to hold the checks. The Debtor's counsel has reportedly acknowledged that the proceeds belong to Perrien. The lender therefore asks the court to (1) formally recognize the insurance proceeds as Perrien's cash collateral, (2) compel the debtor to turn over the stale checks, (3) authorize the insurer to cancel and reissue them solely in Perrien's name, and (4) allow Perrien to apply the funds to reduce the secured debt. Perrien also emphasizes that its contractual rights—triggered by the Debtor's default and bankruptcy filing—independently entitle it to the proceeds. A copy of the motion is available at https://urlcurt.com/u?l=M7rXGn from PacerMonitor.com. About Bluestar Marketing Bluestar Marketing LLC filed Chapter 11 petition (Bankr. N.D. Fla. Case No. 26-30156) on Feb. 19, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Jerry C. Oldshue, Jr. oversees the case. Byron W. Wright III, Esq., at Bruner Wright, P.A. is the Debtor's legal counsel. The Perrien Group, Inc., as secured creditor, is represented by: Travis M. Morock, Esq Carver, Darden, Koretzky, Tessier, Finn, Blossman & Areaux LLC 151 West Main Street, Suite 200 Pensacola, FL 32502 Telephone: (850) 266-2300 Email: morock@carverdard en .com BOKQUA LLC: Court OKs Colorado Properties Sale to Multiple Buyers ----------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado has granted Bokqua LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Colorado limited liability company that owns and leases real property comprised of single family homes and condominium properties in Colorado. As of the Petition Date, the Debtor held approximately 166 properties. The Court has authorized the Debtor in accordance with the following terms: A. 2604 Dunkirk Court to Daniel Arana & Stephenie Lopez for $507,500 B. 5941 South Quail Way to Susan Wolfe and Crystal Wolfe for $561,000 C. 4063 South Himalaya Way to Lorena Garcia, Efrain Zarco, and Aidan Hernandez for $455,000 D. 16812 E. Mansfield Cir. to Mahamadhanif Multani and Nafisaben Multani for $425,000 E. 3677 S. Uruvan St. to Kelly Rebollo and James Wilson for $550,000 The sale price are fair and reasonable under the circumstances and the Debtor is authorized to effectuate the transfer of the Sale Properties accordance with the Sale Contracts. The Debtor is authorized to pay the creditors and/or costs at closing on the sale of each of the Property. About Bokqua LLC Bokqua LLC is a real estate investment company that owns and manages residential properties in the Denver metropolitan area. The Company operates in association with BVRE, a property management firm based in Denver, Colorado. Bokqua LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14846) on July 31, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jeffrey S. Brinen, Esq. at KUTNER BRINEN DICKEY RILEY. BROOKFIELD OFFICE: DBRS Confirms BB Rating on Subordinated Notes ---------------------------------------------------------------- DBRS Limited (Morningstar DBRS) confirmed its Issuer Rating and Senior Unsecured Debt credit rating on Brookfield Property Partners L.P. (BPP) at BBB (low). Morningstar DBRS also confirmed its credit ratings on Brookfield Property Finance ULC's Senior Unsecured Notes and Brookfield Office Properties Inc.'s Senior Unsecured Notes at BBB (low), as well as Brookfield Office Properties Inc.'s Subordinated Notes at BB and Cumulative Redeemable Preferred Shares, Class AAA at Pfd-3 (low). All trends are Stable. The credit ratings are based on the credit risk profile of the consolidated entity, including BPP and its subsidiaries (collectively, BPY). KEY CREDIT RATING CONSIDERATIONS These credit rating actions consider the progress BPY continues to make in executing its strategy of reducing its balance sheet exposure to real estate, along with an anticipated commensurate reduction in financial leverage, while maintaining exposure to very high-quality core office and retail assets. BPY's exposure to its LP Investments segment is declining as the opportunistic funds mature and execute realizations, thereby providing a source of funds. BPY's operating environment has supported robust transaction activity, including office leasing, and new office leases are creating a near-term drag on net operating income (NOI) growth until cash rents commence. The Stable trends consider Morningstar DBRS' expectations for (1) improved same-property NOI growth rates in the near to medium term as new office leases yield cash rents; (2) continued support from BPY's parent, Brookfield Corporation (BN; rated "A," Stable by Morningstar DBRS), in the near term, by way of equity funding for upcoming debt maturities; and (3) BPY to continue executing its strategy of recycling capital into trophy office and retail assets while reducing leverage over time, resulting in an improved financial risk assessment (FRA) profile, as described below. Morningstar DBRS applied a positive three-notch adjustment to BPY's FRA in consideration of its enhanced financial flexibility resulting from (1) a global portfolio consisting of a high proportion of core trophy office and retail assets, (2) a relatively strong liquidity position (including consideration for explicit parental support) relative to a modest amount of Senior Unsecured Debt outstanding, and (3) a predominately nonrecourse secured debt stack with significant equity cushion providing coverage of its Senior Unsecured Debt. This FRA adjustment is newly applied following the publication of Morningstar DBRS' updated "Global Methodology for Rating Entities in the Real Estate Industry," whereby some adjustments are now considered as part of the Comprehensive FRA (CFRA). This adjustment also serves to balance the constraint on the Intrinsic Assessment Range when the Comprehensive Business Risk Assessment is much stronger than the CFRA, as in the case for BPY. CREDIT RATING DRIVERS Morningstar DBRS would consider a negative credit rating action if Morningstar DBRS were to change its views on the level and strength of implicit support provided by BN, should BPY's total debt-to-EBITDA deteriorate to more than 16.0 times (x), or if BPY's EBITDA interest coverage were to deteriorate from current levels (0.92x for the last 12 months (LTM) ended December 31, 2025), on a sustained basis, all else equal. On the other hand, Morningstar DBRS would consider a positive credit rating action should Morningstar DBRS' outlook for BPY's total debt-to-EBITDA improve to 13.0x or better, all else equal. FINANCIAL OUTLOOK Morningstar DBRS maintains its FRA of BPY. In the near to medium term, Morningstar DBRS expects that BPY will continue to demonstrate an improving trend in its total debt-to-EBITDA metric toward the 15x range (from 15.8x at the LTM ended December 31, 2025), and that BPY's EBITDA interest coverage metric will continue an improving trend above the 1.00x range. These improving metrics will be largely driven by continued capital recycling activity, associated debt reduction, support from BN in the interim, positive same-property NOI growth, and the benefit of lower interest rates. CREDIT RATING RATIONALE The credit ratings continue to be supported by (1) Morningstar DBRS' view of implicit support from BN, as detailed above; (2) BPY's market position as a pre-eminent global real estate company; (3) BPY's high-quality assets, particularly its Office and Retail segments, with long-term leases to large, recognizable investment-grade-rated tenants; and (4) superior diversification, in particular by property, tenant, and geography. The credit ratings continue to be constrained by BPY's weak FRA as reflected by both its highly leveraged balance sheet; a riskier retail leasing profile in terms of lease maturities and counterparty risk relative to BPY's Office segment; and a higher-risk opportunistic LP Investments segment composed primarily of office, mixed-use, logistics, and multifamily assets, as well as alternatives. Notes: All figures are in U.S. dollars unless otherwise noted. RATINGS Debt Rating Action ---- ------ ------ Brookfield Office Properties Inc. Senior Unsecured Notes BBB(low) Confirmed Subordinated Notes BB Confirmed Cumulative Redeemable Preferred Shares, Class AAA Pfd-3(low) Confirmed Brookfield Property Finance ULC Senior Unsecured Notes BBB(low) Confirmed Brookfield Property Partners L.P. Issuer Rating BBB(low) Confirmed Senior Unsecured Debt BBB(low) Confirmed BYRON'S KITCHEN: Taps William E. Jamison Jr. as Bankruptcy Counsel ------------------------------------------------------------------ Byron's Kitchen Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire William Jamison, Jr., Esq., an attorney practicing in Chicago, Ill., as counsel. The attorney will render these services: (a) give Debtor legal advice with respect to its powers and duties in the continued operation of its business; (b) assist the Debtor in the negotiation, formulation, drafting and confirmation of a plan of reorganization; (c) assist the Debtor in investigating and pursuing all rights and claims in connection with preserving the value of its assets and rehabilitating property of the estate; (d) take such action as may be necessary with respect to any claims that may be asserted against the Debtor and prepare such legal papers on its behalf that may be necessary in connection with this proceeding; and (e) perform all other legal services for the Debtor which may be required in connection with this proceeding. Mr. Jamison's hourly rate for legal work is $400. Mr. Jamison disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: William E. Jamison, Jr., Esq. 53 West Jackson Blvd., Suite #801 Chicago, IL 60604 Telephone: (312) 226-8500 About Byron's Kitchen Inc. Byron's Kitchen Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-04600) on March 16, 2026, with $100,001 to $500,000 in assets and liabilities. William E. Jamison, Jr., Esq. at the Law Office William E. Jamison & Associates represents the Debtor as bankruptcy counsel. CALDWELL HOLDINGS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, issued its seventh interim order extending Caldwell Holdings, LLC's authority to use cash collateral. The seventh interim order authorized the Debtor to use cash collateral in accordance with its budget, which shows total projected operational expenses of $135,752.71. The Debtor believes that First Internet Bank of Indiana and Itria Ventures, LLC may have security interests in certain business revenues that may constitute cash collateral. The First Internet Bank of Indiana (as successor to ApplePie Capital, Inc.) has a first position lien on the Debtor's cash collateral. To protect the lenders, the court granted them adequate protection liens on post-petition assets similar to their pre-bankruptcy collateral. The replacement liens do not apply to any Chapter 5 avoidance actions. A final hearing is scheduled for May 6. Itria Ventures is represented by: Michael E. Hutchins, Esq. Robyn King Richards, Esq. Paul G. Williams, Esq. Kasowitz LLP 1230 Peachtree Street, NE, Suite 2445 Atlanta, GA 30309 Tel: (404) 260-6080 mhutchins@kasowitz.com rking@kasowitz.com pwilliams@kasowitz.com About Caldwell Holdings, LLC Caldwell Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41374) on September 10, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Hon. Paul W Bonapfel oversees the case. Will B. Geer, Esq., at Rountree Leitman Klein & Geer, LLC represents the Debtor as legal counsel. CAPITAL POWER CORP: DBRS Confirms BB Rating on Subordinated Notes ----------------------------------------------------------------- DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating and Senior Unsecured Debt credit rating of Capital Power Corporation (CPC or the Company) at BBB (low) with Stable trends and the Senior Unsecured Debt credit rating of Capital Power (US Holdings) Inc. (CPUSHI) at BBB (low) with a Stable trend. Morningstar DBRS also confirmed CPC's Preferred Shares credit rating at Pfd-3 (low) and its Subordinated Notes credit rating at BB, both with Stable trends. KEY CREDIT RATING CONSIDERATIONS During 2025, a CPC completed the acquisition of two natural gas-fired generation facilities in the PJM Interconnection LLC (PJM) region from LS Power Equity Advisors, LLC subsidiaries, adding approximately 2,147 megawatts (MW) of capacity. The acquisition was funded through a balanced financing mix of debt and equity. Following the acquisition, the Company's U.S. operations now represent a majority of consolidated adjusted EBITDA, reflecting the continued successful execution of CPC's geographic diversification strategy. The acquired assets have contributed meaningfully to earnings since closing and have performed in line with management's expectations. Morningstar DBRS continues to view the acquisition as credit neutral, with the expected benefits to the Company's business risk profile offset by the increase in financial leverage in the near term. In December 2025, CPC entered into a memorandum of understanding (MOU) with Apollo Global Management to form an investment partnership to pursue the acquisition of merchant U.S. natural gas generation assets, with total potential committed equity of up to USD 3 billion (including USD 750 million from CPC). The partnership contemplates CPC operating acquired assets and receiving management and performance fees. As the transaction remains at the MOU stage, Morningstar DBRS will monitor the finalization of definitive documentation and the ultimate structure of the partnership, as the form it takes -- including the nature of Capital Power's equity commitment, the treatment of project-level debt, if any, and the consolidation approach -- could affect Morningstar DBRS' credit analysis. Also in December 2025, the Company entered into a binding MOU with an investment-grade data centre developer for a 250-MW electricity supply agreement (ESA). The long-term ESA (10+ years) would be backed by Capital Power's Alberta-based generation portfolio. Separately, in September 2025, CPC secured a new long-term power purchase agreement with Consumers Energy for Midland Cogeneration Venture extending to 2040, and, in January 2026, extended the Arlington Valley tolling agreement through 2038. These recontracting initiatives further support the Company's contracted revenue base over the medium term. Additionally, the Canada-Alberta MOU signed in November 2025, which includes the suspension of Clean Energy Regulations and a commitment to a revised industrial carbon pricing framework, reduces the risk of premature retirement of natural gas-fired generation in Alberta and could provide a supportive backdrop for the Company to explore new growth opportunities should the investment environment continue to improve alongside data centre-driven demand. Alberta's EBITDA contribution has continued to decline, driven by lower merchant power prices, and Morningstar DBRS expects it to remain modest in the medium term. However, forward power prices in Alberta are expected to improve over the medium term, supported by anticipated load growth driven by data centre development and broader electrification trends. However, CPC's Alberta baseload exposure remains substantially hedged, mitigating near-term earnings volatility from the merchant segment. Morningstar DBRS could take a negative credit rating action if CPC's cash flow-to-debt were to fall below 15% on a sustained basis or if the business risk profile materially deteriorates as a result of a weakening contractual position or regulatory risks. CREDIT RATING DRIVERS Morningstar DBRS may take a positive credit rating action if there were sustained improvement in the financial risk assessment to a level commensurate with the BBB category, combined with contracted capacity maintained in excess of 60%. Morningstar DBRS may take a negative credit rating action if CPC's business risk profile were to significantly deteriorate and/or its cash flow-to-debt metrics decrease below 15% on a sustained basis. EARNINGS OUTLOOK Adjusted EBITDA for 2025 increased compared with the prior year, primarily supported by incremental contributions from the U.S. flexible generation portfolio following the PJM acquisition, as well as a full year of earnings from assets acquired in 2024. These gains were partially offset by lower realized power prices and generation in Alberta, where spot prices continued to soften because of increased renewable penetration, returning thermal capacity, and milder weather conditions. Morningstar DBRS expects Alberta prices to remain soft in the near term as structural oversupply persists, particularly in off-peak periods. However, the Company's hedging program continues to mitigate earnings volatility from merchant exposure. Looking ahead, Morningstar DBRS expects consolidated EBITDA to remain relatively stable, supported by contracted revenue, hedging of the merchant portfolio, and various recontracting initiatives executed by the Company that are expected to provide incremental earnings stability over the medium to longer term. FINANCIAL OUTLOOK Over the medium term, Morningstar DBRS expects CPC to fund its growth capital and acquisitions through a balanced mix of debt and equity, maintaining financial metrics near current levels. The Company has strengthened its liquidity position through the expansion of its committed credit facilities and access to multiple capital markets. However, any significant increase in leverage, particularly if growth is not accompanied by stable and contracted earnings, could weaken credit metrics. To maintain the current credit ratings, CPC is expected to sustain a cash flow-to-debt ratio above 15%. CREDIT RATING RATIONALE The credit rating confirmations reflect CPC's (1) meaningful contracted and hedged capacity, which reduces exposure to market volatility, (2) high plant availability, and (3) reasonable financial profile with adequate liquidity and prudent financial management. These factors contribute to a stable business and financial risk profile. The key credit challenges include (1) Alberta's volatile wholesale pricing environment and concentration risk, (2) elevated capital spending requirements to support growth and asset renewals, and (3) the Company's temporary increase in leverage related to growth initiatives. COMPREHENSIVE BUSINESS RISK ASSESSMENT (CBRA) The Company's CBRA of BBB/BBBL reflects CPC's meaningful level of contracted and hedged generation capacity, which provides a high degree of cash flow visibility and reduces exposure to commodity price volatility. The CBRA also incorporates the Company's growing geographic diversification across North American power markets, high plant availability, and demonstrated operational and commercial capabilities. These positive attributes are constrained by CPC's residual merchant exposure in Alberta, where wholesale power prices have been volatile; the inherent concentration risk associated with the Alberta market; and the execution and integration risks related to the Company's active growth strategy. COMPREHENSIVE FINANCIAL RISK ASSESSMENT (CFRA) CPC's CFRA of BBBL reflects the Company's adequate credit metrics, which have moderated from prior years following the increase in leverage associated with the Company's active acquisition program and weakening of Alberta spot prices. The assessment also incorporates CPC's demonstrated access to multiple capital markets, prudent use of a balanced debt and equity financing mix, strong liquidity supported by expanded committed credit facilities, and disciplined capital allocation framework. These are partially offset by a meaningful increase in consolidated debt levels, which have grown to support the growth plan, and the sensitivity of the credit metrics to the pace and success of deleveraging through contracted earnings growth. INTRINSIC ASSESMENT (IA) The IA of BBBL is within the IA Range and is based on the CBRA and CFRA. To account for merchant price exposure in the Alberta power market and medium-term execution risk associated with its capital program, Morningstar DBRS selected the IA at the lower end of the IA Range. Notes: All figures are in Canadian dollars unless otherwise noted. Ratings Debt Rating Action ---- ------ ------ Capital Power (US Holdings) Inc. Senior Unsecured Debt BBB(low) Confirmed Capital Power Corporation Issuer Rating BBB(low) Confirmed Senior Unsecured Debt BBB(low) Confirmed Subordinated Notes BB Confirmed Preferred Shares Pdf-3(low) Confirmed CARBON HEALTH: Seeks OK for Lender-Led Sale as Bankruptcy Backup ---------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that Carbon Health Technologies is asking a bankruptcy court to authorize a $100 million credit bid for its assets, offering a backup plan if its proposed restructuring fails. The move is intended to secure an alternative outcome amid ongoing disputes. The company's motion, filed Wednesday, April 22, 2026, seeks to formalize a potential sale to Future Solution Investments LLC should its Chapter 11 plan be rejected or withdrawn. Carbon Health said opposition from its unsecured creditors' committee has increased uncertainty around confirmation, the report states. As a California-based chain of primary care and urgent care clinics, the company warned that prolonged litigation could escalate expenses and erode value. Without a fallback option, Carbon Health said it risks being forced into liquidation, according to report. By obtaining approval of the lender-backed bid, the company aims to protect stakeholders and maintain leverage in negotiations. The proposed sale would only be triggered if the restructuring effort ultimately does not succeed, the report states. About Carbon Health Founded in 2015, Carbon Health Technologies Inc. is a modern healthtech 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. Texas 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 and Alvarez and Marsal serve as bankruptcy counsel and financial advisor, 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. CARE ONE: Court Extends Cash Collateral Access to May 15 -------------------------------------------------------- Care One Home Health Services, Inc. received fourth interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral through May 15 according to an approved budget covering April 16 to May 15. The Debtor is not allowed to make payments outside the listed expenses without written consent from secured lender Byzfunder or further court approval. The Debtor projects total operational expenses of $149,574.79 for the interim period. Byzfunder holds a blanket lien on the Debtor's assets securing at least $93,000 in debt, with Specialty Capital, LLC as a subordinate lienholder. As adequate protection, Byzfunder and Specialty Capital will be granted replacement liens on substantially all assets of the Debtor, with the same priority and extent as their pre-petition liens. These liens maintain the same priority and validity as the lenders pre-petition liens. The order also required the Debtor to maintain insurance coverage, preserve and properly manage collateral, and allow the secured lender access to books, records, and collateral. The next hearing is scheduled for May 12. The order is available at https://shorturl.at/jawOl from PacerMonitor.com. About Care One Home Health Services Inc. Care One Home Health Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-01443) on January 27, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Jacqueline P. Cox presides over the case. Richard G. Larsen, Esq., at Springer Larsen, LLC represents the Debtor as legal counsel. CARIOLA GROUP: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, Miami Division granted Cariola Group, LLC and affiliated debtors interim approval to use cash collateral. The interim order authorized the Debtors to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts expressly approved in writing by secured creditors. As adequate protection, secured creditors will receive replacement liens on all property acquired or generated by the debtors after the petition date, with the same extent, priority, and nature as their pre-petition liens in the cash collateral. The replacement liens are subordinate to fees and costs awarded to estate professionals. The order is available at https://is.gd/lNi69u from PacerMonitor.com. About Cariola Group LLC Cariola Group, LLC operates an advertising business based in Miami, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14418) on April 9, 2026. In the petition signed by Mariano J. Cariola-Sanz, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Jacqueline Calderin, Esq., at Agentis PLLC, represents the Debtor's legal counsel. CARIOLA GROUP: Seeks to Hire Agentis as General Bankruptcy Counsel ------------------------------------------------------------------ Cariola Group, LLC and Corporate American Solutions, LLC seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Agentis PLLC as counsel. The firm's services include: (a) advise the Debtors with respect to their powers and duties and the continued management of their affairs; (b) advise the Debtors with respect to their responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interests of the Debtors and the estate in all matters pending before the Court; and (e) represent the Debtors in negotiations with their creditors in the preparation of a plan. The firm will be paid at these hourly rates: Jacqueline Calderin, Attorney $665 Other Attorneys $375 - $735 Paralegals $155 - $260 In addition, the firm will seek reimbursement for expenses incurred. Ms. Calderin disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jacqueline Calderin, Esq. Agentis PLLC 45 Almeria Avenue Coral Gables, FL 33134 Telephone: (305) 722-2002 Email: jc@agentislaw.com About Cariola Group LLC Cariola Group, LLC operates an advertising business based in Miami, Florida. Cariola Group, LLC and Corporate American Solutions, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14418) on April 9, 2026. In the petition signed by Mariano J. Cariola-Sanz, manager, Cariola Group disclosed up to $50,000 in assets and up to $10 million in liabilities. Jacqueline Calderin, Esq., at Agentis PLLC serves as the Debtor's counsel. CAROLINA CLEANING: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Carolina Cleaning Services, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral solely for post-petition operating expenses as outlined in its budget. In addition, the amount budgeted for the Subchapter V trustee's anticipated administrative expense must be remitted to the Debtor's counsel to be held in trust until further court order. The Debtor projects total operational expenses of $83,520 for the period from April 21 to May 21. Silverline Services, Inc. and other merchant cash advance lenders will retain a continuing and replacement post-petition lien on and security interest in all assets and the proceeds thereof, whether acquired before or after the Debtor's Chapter 11 filing. The court clarified that the order does not determine the validity, extent, priority, or perfection of any lien or the characterization of any property as cash collateral. The Debtor reserves all rights to challenge such matters. The order is available at https://shorturl.at/Hdm8X from PacerMonitor.com. A further hearing is scheduled for May 14. About Carolina Cleaning Services LLC Carolina Cleaning Services LLC provides residential and commercial cleaning services throughout southeastern North Carolina. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-00777 on February 20, 2026. In the petition signed by Aneliese Bard Andrades, chief executive officer, the Debtor disclosed up to $100,000 in assets and up to $500,000 in liabilities. Judge Joseph N. Callaway oversees the case. Richard P. Cook, Esq., at Richard P. Cook. PLLC, represents the Debtor as legal counsel. CARPENTER FAMILY: Colfax Property Sale to Maxwell Land OK'd ----------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, has permitted Carpenter Family Farms LLC and Benjamin Carpenter to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor owns real estate located in Sugar Creek Township, Montgomery County, Colfax, Indiana known as Carpenter Farm, containing 178.58 acres. The Court has authorized the Debtor to sell the Property to Maxwell Land Company for $1,607,220.00. Proper and sufficient notice on the Sale Motion has been served on all creditors and parties in interest as indicated by the certificate of service filed in respect of the Sale Motion and the Notice on the Sale Motion. The Property may be transferred to the Purchaser free and clear of all interests, with such Interests to attach to the proceeds of the sale of the Property in the order of their priority with the same validity, force and effect as they now have against the Property. The terms and provisions of the Purchase Agreement shall be binding in all respects upon the Debtors, their estates and creditors, the Purchaser, and their respective affiliates, successors and assigns. About Carpenter Family Farms LLC Carpenter Family Farms, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-05527) on Sept. 12, 2025, listing between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Andrea K. Mccord presides over the case. Jeffrey M. Hester, Esq., at Hester Baker Krebs, LLC, is the Debtor's legal counsel. CCSL BILOXI: Seeks 120-Day Extension of Plan Filing Deadline ------------------------------------------------------------ CCSL Biloxi, LLC, asked the U.S. Bankruptcy Court for the Southern District of Mississippi to extend its exclusivity period to file a plan of reorganization for additional 120 days. The Debtor is in possession of its property and the management of its business as a debtor-in-possession pursuant to Sections 1107 and 1108. No Chapter 11 Trustee has been appointed in this case. No unsecured creditors committee has been appointed in this case. The Debtor explains that it was considerably behind on payments to certain creditors, specifically the Debtor's utility providers and landlord. Additionally, customers of the Debtor were holding funds at the direction of certain creditors, which significantly effected the Debtor's cash flow. Moreover, the Debtor has brought its utilities current and is in the process of brining its payments current on the lease of its facility. Due to the additional payments the Debtor has been making, it is not possible to conduct an effective feasibility analysis upon which to base a plan of reorganization. The Debtor requests the Court to extend the 120-day period and the 180-day period specified in Section 1121(b) of the Bankruptcy Code and (c) by an additional 120 days. CCSL Biloxi, LLC is represented by: W. Jarrett Little, Esq. THE LITTLE LAW FIRM, PLLC 2505 14th Street, Suite 212 Gulfport, MS 39501 Telephone: (228) 867-6050 E-mail: jarrett@thelittlelaw.com About CCSL Biloxi LLC CCSL Biloxi, LLC provides commercial laundry and linen services, primarily serving hotels and casinos in the Gulf Coast region. The Gulfport, Mississippi-based company manages a fleet of vehicles for transporting laundered goods and maintains facilities for washing, drying, and handling linens. CCSL Biloxi sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-51843. At the time of the filing, the Debtor listed between $1 million and $10 million in assets and liabilities. Judge Katharine M. Samson oversees the case. The Little Law Firm, PLLC serves as the Debtor's bankruptcy counsel. CEDAR VALLEY: Seeks to Extend Plan Exclusivity to June 12 --------------------------------------------------------- Cedar Valley Cypress TX LLC and affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 12 and Aug. 11, 2026, respectively. The Debtors believe that the requested extension of the Exclusivity Periods is warranted and appropriate under the circumstances. As stated, the Debtors have made progress in good faith toward a chapter 11 exit strategy. The Debtors explain that they are not seeking to extend exclusivity to pressure or prejudice creditors, but rather to provide time to implement an efficient resolution of these chapter 11 cases in favor of all parties in interest. Termination of the Debtors' Exclusivity Periods at this stage would be premature and counterproductive. Lastly, and importantly, the Debtors have continued to maintain the highest standards for patient care at the Debtors' Facility. Counsel to the Debtors: Jason S. Brookner, Esq. Emily F. Shanks, Esq. Gray Reed 1601 Elm Street, Suite 4600 Dallas, TX 75201 Tel: (214) 954-4135 Fax: (214) 953-1332 Email: jbrookner@grayreed.com eshanks@grayreed.com About Cedar Valley Cypress TX LLC Cedar Valley Cypress TX LLC and affiliates form a network of for profit healthcare companies that own and manage skilled nursing and rehabilitation centers. The group oversees facilities such as Cedar Valley Nursing & Rehabilitation Center in Cedartown, Georgia, and operates through related entities providing administrative and clinical support. The companies share common ownership under the Cypress structure, which manages nursing home operations in Texas, New York, and Georgia. Cedar Valley Cypress TX sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-34017) on Oct. 13, 2025. In its petition, the Debtor reported between $50,000 and $100,000 in both assets and liabilities. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Jason S. Brookner, Esq., at Gray Reed. Melanie S. McNeil is the patient care ombudsman appointed in the Debtor's case. CHANNEL OP: Seeks to Hire Cohne Kinghorn as Bankruptcy Counsel -------------------------------------------------------------- Channel OP, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to employ Cohne Kinghorn, PC as counsel. The firm will render these services: (a) prepare on behalf of the Debtor any necessary legal papers as required by applicable bankruptcy or non-bankruptcy law, dictated by the demands of the case, or required by the Court, and to represent the Debtor in proceedings or hearings related thereto; (b) assist the Debtor in analyzing and pursuing possible reorganization possibilities; (c) assist the Debtor in analyzing and pursuing any proposed dispositions of assets of its estate; (d) review, analyze and advise the Debtor regarding claims or causes of action to be pursued on behalf of its estate; (e) assist the Debtor in providing information to creditors and shareholders; (f) review, analyze, and advise regarding retention of professionals and any fee applications or other issues involving professional compensation in its case; (g) prepare and advise the Debtor regarding any Chapter 11 plan filed by it and advise it regarding Chapter 11 plans that may be filed by other constituents in its case; (h) assist the Debtor in negotiations with various creditor constituencies regarding treatment, resolution and payment of the creditors' claims in this case; (i) review and analyze the validity of claims filed in this case and advise the Debtor as to the filing of objections to claims, if necessary; and (j) perform all other necessary legal services as may be required by the needs of the Debtor. The firm will be paid at these following hourly rates: Shareholders $250 - $525 Associates $180 - $285 Paralegals $150 - $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received retainer payments from the Debtor in the amount of $2,000 on August 18, 2025, an additional $5,000 on February 10, 2026, an additional $10,000 on March 30, 2026, and an additional $12,000 on March 30, 2026 from the Debtor. Grant Coffey, Esq., an attorney at Cohne Kinghorn, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Grant Coffey, Esq. Cohne Kinghorn, PC 111 East Broadway, 11th Floor Salt Lake City, UT 84111 Telephone: (801) 363-4300 Facsimile: (801) 363-4378 About Channel Op LLC Channel Op, LLC operates as a digital commerce and marketplace strategy firm headquartered in Heber City, Utah. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-22035) on April 13, 2026. In the petition signed by William Tyler Metcalf, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Michael F. Thomson oversees the case. Grant Coffey, Esq., at Cohne Kinghorn, PC represents the Debtor as counsel. CHELSEA BUSINESS: Gets Final OK to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of New York entered a final order allowing Chelsea Business Properties, LLC to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral only in accordance with a court-approved 13-week budget, subject to an 8% variance. Chelsea owns a commercial building in Manhattan, which generates approximately $64,000 per month in rental income. The rental income constitutes cash collateral subject to security interests of lenders JPMorgan Chase Bank, N.A. and the U.S. Small Business Administration. JPMorgan holds a secured mortgage lien on the property in the approximate amount of $4.8 million. Meanwhile, the SBA may also hold a secured claim although the Debtor has been unable to locate a corresponding UCC filing. As protection, the court granted both creditors replacement liens on the Debtor's post-petition assets, maintaining the priority of their pre-petition liens. Additionally, the court required the Debtor to pay approximately $49,000 per month to JPMorgan, covering principal, interest, and property taxes; maintain insurance; deposit income into debtor-in-possession accounts; and file monthly operating reports. The Debtor's authority to use cash collateral ends if it defaults and fails to cure within seven days after notice, or immediately upon appointment of a trustee, dismissal of its Chapter 11 case or conversion of the case to Chapter 7. The order is available at https://is.gd/n4wqFX from PacerMonitor.com. About Chelsea Business Properties LLC Chelsea Business Properties LLC is a New York limited liability company that owns a commercial building located at 144 Eighth Avenue in Manhattan and operates as a single asset real estate entity. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-10380) on February 24, 2026. In the petition signed by Kenneth Choi, manager and operating member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Philip Bentley oversees the case. Sally Siconolfi, Esq., at Siconolfi PLLC, represents the Debtor as legal counsel. CLINTWOOD JOD: Committee Hires Dentons Bingham as Co-Counsel ------------------------------------------------------------ The official committee of unsecured creditors of Clintwood JOD, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Kentucky to hire Dentons Bingham Greenebaum LLP as co-counsel. The firm will render these services: a. advise the Committee with respect to its rights, duties and powers in these cases; b. conduct lien investigations and review and advise the Committee of the same; c. assist and advise the Committee in its consultations with the Debtors relating to the administration of these cases, including debtor-in-possession financing agreements; d. assist the Committee in analyzing the claims of the Debtors' creditors and the Debtors' capital structure and in negotiating with the holders of claims and, if appropriate, equity interests; e. assist the Committee's investigation of the acts, conduct, assets, liabilities and financial condition of the Debtors and other parties involved with the Debtors, and of the operation of the Debtors' businesses; f. assist the Committee in its analysis of, and negotiations with the Debtors or any other third party concerning matters related to, among other things, the assumption or rejection of certain leases of non-residential real property and executory contracts, asset dispositions, financing transactions and the terms of a plan of reorganization or liquidation for the Debtors; g. assist and advise the Committee as to its communications, if any, to the general creditor body regarding significant matters in these cases; h. represent the Committee at all hearings and other proceedings; i. review, analyze, and advise the Committee with respect to applications, orders, statements of operations and schedules filed with the Court; j. assist the Committee in preparing pleadings and applications as may be necessary in furtherance of the Committee's interests and objectives; and k. perform such other services as may be required and are deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code. The firm will be paid at these rates: Partners $935 per hour Associates $525 per hour Paralegals $375 to $465 per hour As disclosed in the court filings, Dentons, its partners, counsel and associates are "disinterested persons" within the meaning of section 101(14), as modified by section 1107(b) of the Bankruptcy Code. The firm can be reached through: Michael J. Roeschenthaler, Esq. Raines Feldman Littrell LLP 11 Stanwix Street, Suite 1500 Pittsburgh, PA 15222 Phone: (412) 899-6472 Email: mroeschenthaler@raineslaw.com About Clintwood JOD LLC Clintwood JOD, LLC is a coal mining company based in Belcher, Kentucky, operating surface and underground mining activities focused on producing bituminous coal for industrial and metallurgical use. Founded in 2019, the company works across eastern Kentucky and nearby regions, supplying coal to domestic energy and steel-related markets. Its operations center on extracting, processing, and transporting coal, supporting demand from industrial clients in the region. Clintwood JOD sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-60438) on March 22, 2026. In the petition signed by J. Christopher Adkins, authorized signatory, the Debtor disclosed assets of between $100 million and $500 million and liabilities of between $50 million and $100 million. Judge Gregory R. Schaaf oversees the case. Dean A. Langdon, Esq., at Gartland Thacker DelCotto, PLLC, represents the Debtor as legal counsel. CLINTWOOD JOD: Committee Taps Raines Feldman Littrell as Co-Counsel ------------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Clintwood JOD, LLC and JOD Mineral Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Kentucky to employ Raines Feldman Littrell LLP as co-counsel. The firm's services include: (a) advise the committee regarding its rights, powers and duties as a committee pursuant to sections 1102 and 1103 of the Bankruptcy Code; (b) advise and consult with the committee on the conduct of the case; (c) attend meetings and negotiate with representatives of the Debtors, secured and unsecured creditors, lessors, governmental agencies, equity holders, employees and other parties in interest; (d) advise the committee regarding any contemplated sale of assets or business combinations; (e) advise the committee regarding legal issues relating to prepetition and post-petition financing and cash collateral arrangements and negotiate documents and orders relating thereto; (f) advise the committee on matters relating to Debtors' assumption, assumption and assignment, and rejection of executory contracts and unexpired leases; (g) advise the committee on legal matters relating to the Debtors' ordinary course of business; (h) provide advice and counseling on actions to protect and preserve the Debtors' estate; (i) prepare and file necessary legal papers; (j) review pleadings, financial and other reports filed/prepared by the Debtors in these Chapter 11 cases and advise the committee about the implications; (k) review the nature and validity of any liens asserted against the Debtors' property and advise the committee concerning the enforceability of such liens; (l) investigate the acts, conduct, assets, liabilities, and financial condition of the Debtors, the operation of their businesses and the desirability of the continuance of such business, and any other matter relevant to the case or to the formulation of a plan; (m) commence and conduct ligation necessary or appropriate to assert rights held by the committee and/or protect assets of the Chapter 11 estate; (n) negotiate and participate in the preparation of the Debtors' plan(s) of reorganization, related disclosure statement(s) and other related documents and agreements and advise and participate in the confirmation of such plan(s); (o) attend meetings with third parties and participate in negotiations with respect to matters germane to recoveries to general unsecured creditors; (p) appear before the Bankruptcy Court and other courts, and interface with the United States Trustee to protect and represent the interests of the committee and its constituents; (q) meet and coordinate with co-counsel, Dentons, and other professionals representing the Debtors and other parties in interest; (r) perform all other necessary legal services and provide all necessary legal advice to the committee in connection with these Chapter 11 cases; and (s) manage such other matters as may be requested by the committee and to which Raines agrees. The firm will be billed at these hourly rates: Partners, Counsel and Associates $525 - $935 Paraprofessionals $315 - $375 In addition, the firm will seek reimbursement for expenses incurred. Michael Roeschenthaler, Esq., a partner at Raines Feldman Littrell, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael J. Roeschenthaler, Esq. Raines Feldman Littrell LLP 11 Stanwix Street, Suite 1500 Pittsburgh, PA 15222 Telephone: (412) 899-6472 Email: mroeschenthaler@raineslaw.com About Clintwood JOD LLC Clintwood JOD, LLC is a coal mining company based in Belcher, Kentucky, operating surface and underground mining activities focused on producing bituminous coal for industrial and metallurgical use. Founded in 2019, the company works across eastern Kentucky and nearby regions, supplying coal to domestic energy and steel-related markets. Its operations center on extracting, processing, and transporting coal, supporting demand from industrial clients in the region. Clintwood JOD and JOD Mineral Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-60438) on March 22, 2026. The case is jointly administered in Case No. 26-60438. In the petition signed by J. Christopher Adkins, authorized signatory, Clintwood JOD disclosed assets of between $100 million and $500 million and liabilities of between $50 million and $100 million. Judge Gregory R. Schaaf oversees the case. The Debtors tapped Dean A. Langdon, Esq., at Gartland Thacker DelCotto, PLLC as counsel. On April 2, 2026, the Office of the United States Trustee appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Dentons Bingham Greenebaum LLP and Raines Feldman Littrell LLP as counsel. COCONUT BREEZE: Gets Final OK to Use Cash Collateral ---------------------------------------------------- Coconut Breeze Cuisine Incorporated and Irie Entree, LLC received final approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to use cash collateral. Under the final order, the Debtors are authorized to use cash collateral strictly in accordance with an approved monthly budget, which projects total operational expenses of $32,237.20. The funds may be used to maintain operations, preserve assets, pay U.S. Trustee fees and cover professional expenses necessary for business continuity. The final order granted protection to PIDC Community Capital, the U.S. Small Business Administration and the merchant cash advance lenders through replacement liens on post-petition assets and superpriority administrative claims. All parties retain the right to challenge the validity, extent, or priority of the liens held by the lenders. The order is available at https://shorturl.at/Krkt9 from PacerMonitor.com. Irie owes PIDC on a 2024 note used to refinance prior debt at a lower rate, with CBC jointly liable as corporate guarantor. PIDC claims first-priority liens on the Debtors' pre-bankruptcy assets, including Irie's liquor license, with about $115,085.69 owed as of the petition date. In connection with the pre-bankruptcy obligation, the Debtors allowed PIDC to file a UCC-1 asserting an "all assets" lien on the pre-bankruptcy collateral. As for their agreements with MCA lenders, the Debtors believe the MCA loans lack collateral and provided no value. PIDC, as lender, is represented by: Louis I. Lipsky, Esq. Lipsky and Brandt 1101 Market Street, Suite 2820 Philadelphia, PA 19107 (215) 922-6644 About Coconut Breeze Cuisine Incorporated Coconut Breeze Cuisine Incorporated and Irie Entree LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-10640 and 26-10642) on February 18, 2026. At the time of the filing, Debtors had estimated assets of between $500,001 and $1 million, and liabilities of between $500,001 and $1 million. Judge Derek J. Baker oversees the case. Obermayer Rebmann Maxwell & Hippel LLP is Debtors' legal counsel. CROSBY MARINE: Taps Raymond James & Associates as Investment Banker ------------------------------------------------------------------- Crosby Marine Transportation, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Raymond James & Associates, Inc. to provide investment banking services. The firm will render these services: i. review and analyze the business, operations, properties and financial condition of, respectively, the Crosby Group and Luhr Crosby Enterprises, LLC; ii. as and if applicable, evaluate each Debtor's debt capacity and advise such Debtor generally on the following in connection with any potential Financing Transaction for such Debtor: (A) appropriate investment structuring alternatives, (B) an appropriate capital structure, and (C) available financings that meet the foregoing parameters; iii. assist each Debtor in identifying Prospective Counterparties to a given Transaction that Raymond James, after consultation with such Debtor's management, believes meet certain industry, financial, and strategic criteria; iv. provide marketing and drafting input on Client Materials being prepared by each Debtor; v. within its area of expertise, advise on the business components of Transaction Documentation for each given Transaction; vi. with the prior written consent by each Debtor, contact Prospective Counterparties on such Debtor's behalf; vii. advise Crosby as to a potential Crosby Sale; viii. advise Bertucci as to potential Luhr-Crosby JV-Interest Transactions; ix. as and if applicable, advise each Debtor on tactics and strategies for negotiating with holders of securities, debt, and/or other interests and/or claims of such Debtor in connection with any potential Restructuring Transaction; x. advise each Debtor on the timing, nature and terms of any new Client securities, other considerations or other inducements to be offered to its Client Stakeholders in connection with any Restructuring Transaction; xi. assist and advise each Debtor generally on potential alternatives and strategies for any given Transaction; xii. participate in the meetings of each Debtor's Governing Authority as determined by such Debtor to be appropriate, and, upon request, provide periodic status reports and advice to such Governing Authority with respect to matters falling within the scope of Raymond James's engagement; and xiii. assist each Debtor in negotiating and structuring any given Transaction. The firm will receive compensation as follows: (a) Monthly Advisory Fees and Database Expense Amount: Commencing upon the Effective Date and on the first business day of every month thereafter through the end of the Term for such Debtor, the Debtors will pay Raymond James a non-refundable cash retainer of $100,000 (each a "Monthly Advisory Fee"). Fifty percent (50%) of the amount of the fourth and subsequent Monthly Advisory Fee payments received by Raymond James shall be credited (once, without duplication) against any Transaction Fee that is payable under the Engagement Letter Agreement. Additionally, the Debtors will pay Raymond James a flat expense charge of $1,000 on the Effective Date for Raymond James's access to electronic financial databases pertinent to the engagement. (b) Transaction Fees: Subject to the qualifications and limitations of Section 2(c) below, if, during the Term or the Tail Period, either: (i) any Transaction Closes, or (ii) any Transaction Agreement is executed and delivered and the Transaction referred to therein subsequently Closes (regardless of when such Closing occurs), or (iii) in the case of a Restructuring Transaction, any amendment to or other changes in the instruments or terms pursuant to which any Existing Obligations were issued or entered into become effective, then the Debtors will, subject to any applicable order by the Bankruptcy Court, pay Raymond James a non-refundable cash transaction fee, as a cost of such Transaction (a "Transaction Fee"), as follows, depending on the type of Transaction. For clarity, each Debtor and Raymond James acknowledge and agree that, in consideration of Raymond James's agreement to provide the Services for Transaction Fees that are contingent upon Closings or, in the case of a Restructuring Transaction, contractual alterations in Existing Obligations, Raymond James will be paid in accordance with and subject to the terms and conditions of Section 2 of the Engagement Letter Agreement regardless of whether a Debtor or Raymond James actually procured the Counterparty or any Transaction Documentation. During the Term and thereafter, each Debtor will promptly inform Raymond James of (as applicable) the signing of any Transaction Agreement with respect to which a Transaction Fee could be payable upon a Closing and the scheduling of any Closing at which a Transaction Fee would be payable. Financing Fee(s): Subject to the parameters set forth in the introductory paragraph of Section 2(b) of the Engagement Letter Agreement, the Transaction Fee for a Financing Transaction for a given Debtor (each a "Financing Fee") will be as follows, in each case payable (i) upon any funding date, and (ii) in the case of a Financing Transaction that includes an uncommitted accordion or similar credit feature, upon the earlier of such Debtor's receipt of the Commitment for such credit facility or its funding, in all cases where the timing of each Financing Fee payment is 'of the essence': - Re-Financing Transactions: For any given Re-Financing Transaction for a given Debtor, the Financing Fee (a "Re-Financing Fee") shall be the greater of (A) $500,000 for the first such Re-Financing Transaction with an existing lender to such Debtor and $250,000 for any Re-Financing Transaction with each additional existing lender to such Debtor (each alternatively "Minimum Re-Financing Fee") or (B) the sum of (1) two percent (2.0%) of the Financing Proceeds of any Debt Instruments in such Re-Financing Transaction, and (2) five percent (5.0%) of the Financing Proceeds of any Debtor Equity in such Re-Financing Transaction (each a "Proceeds Percentage Re-Financing Fee"); provided, however, that, if there are multiple fundings and/or delivered Commitments for any given Re-Financing Transaction with an individual existing lender, the Minimum Financing Fee shall apply only to the first of such fundings and/or delivered Commitments with such existing lender, with the Re-Financing Fee for any subsequent fundings and/or delivered Commitments with such existing lender being calculated as the difference (but never less than zero) between (i) a Proceeds Percentage Re-Financing Fee calculated as if all fundings and/or delivered Commitments with such existing lender to such date were for a single funding and/or delivered Commitment less (ii) all Re-Financing Fees previously paid in connection with the re-financing of such existing lender to such Debtor (for clarity and the avoidance of doubt, each ReFinancing Transaction with an individual existing lender to such Debtor shall be considered a distinct and separate 'Re-Financing Transaction' generating a separate Re-Financing Transaction Fee in connection therewith as provided above); and - New Capital Financing Transactions: For any given New Capital Financing Transaction for a given Debtor, the Financing Fee (a "New Capital Financing Fee") shall be the greater of (A) $500,000 (the "Minimum New Capital Financing Fee") or (B) the sum of (1) two percent (2.0%) of the Financing Proceeds of any Debt Instruments in such New Capital Financing Transaction, plus (2) five percent (5.0%) of the Financing Proceeds of any Debtor Equity in such New Capital Financing Transaction (each a "Proceeds Percentage New Capital Financing Fee"); provided that, if there are multiple funding dates and/or delivered Commitments for one or more New Capital Financing Transactions for such Debtor, the Minimum New Capital Financing Fee shall apply only to the first of such fundings and/or delivered Commitments, with the New Capital Financing Fee for any subsequent funding and/or delivered Commitment being calculated as the difference (but never less than zero) between (i) a Proceeds Percentage New Capital Financing Fee calculated as if all fundings and/or delivered Commitments to such date were for a single funding and/or delivered Commitment less (ii) all New Capital Financing Fees previously paid for such Debtor. Restructuring Fee: Subject to the parameters set forth in the introductory paragraph of Section 2(b) of the Engagement Letter Agreement, the Transaction Fee for one or more Restructuring Transactions (a "Restructuring Fee") will be equal to $2,500,000 payable to Raymond James upon the earlier of (i) the Closing of such Restructuring Transaction or (ii) the date on which any amendment to or other changes in the instruments or terms pursuant to which any Existing Obligations were issued or entered into became effective (in each case, time being 'of the essence'). Crosby Sale Fee: Subject to the parameters set forth in the introductory paragraph of Section 2(b) of the Engagement Letter Agreement, the Transaction Fee for a Crosby Sale (a "Crosby Sale Fee") will be the greater of (i) $3,000,000 or (ii) an amount based upon the Transaction Enterprise Value of Crosby reflected by the financial terms of such Crosby Sale (as defined in Addendum C thereto, aka "TEV"), pursuant to the following schedule (a "Crosby Sale Formula Transaction Fee"), in either case, payable upon the Closing of such Crosby Sale, time being 'of the essence': Transaction Crosby Sale Formula Enterprise Value Transaction Fee equal to or less than 1.5% of TEV the "Tier 1 Fee" $275 million greater than $275 million sum of (a) Tier 1 Fee and less than or plus (b) 3.0% of the equal to $325 million incremental TEV in incremental TEV in excess of $275 million and less than or equal to $325 million (such sum, the "Tier 2 Fee") greater than $325 million sum of (a) Tier 2 Fee plus (b) 5.0% of the incremental TEV in excess of $325 million Luhr-Crosby JV-Interest Transaction Fee: Subject to the parameters set forth in the introductory paragraph of Section 2(b) of the Engagement Letter Agreement, the Transaction Fee for a Luhr-Crosby JV-Interest Transaction (an "LC JV Transaction Fee" and alternatively with a Crosby Sale Fee and a Crosby MT Fee, an "M&A Transaction Fee") will be an amount based upon the Transaction Enterprise Value of Luhr Crosby reflected by the financial terms of such Transaction, pursuant to the following schedule, payable upon the Closing thereof, time being 'of the essence': Transaction Enterprise Value LC JV Transaction Fee equal to or less than 1.0% of TEV the "Tier 1 Fee") $950 million greater than $950 million sum of (a) Tier 1 Fee plus and less than or equal to (b) 3.0% of the incremental $1.1 billion TEV in excess of $950 million TEV in excess of $950 million and less than or equal to $1.1 billion (such sum, the "Tier 2 Fee") greater than $1.1 billion sum of (a) Tier 2 Fee plus (b) 3.75% of the incremental TEV in excess of $1.1 billion Crosby Minority Transaction Fee: Subject to the parameters set forth in the introductory paragraph of Section 2(b) of the Engagement Letter Agreement, the Transaction Fee for a Crosby Minority Transaction (a "Crosby MT Fee") will be the greater of (i) $2,500,000 or (ii) such amount as is customarily charged by bulge bracket U.S.-based investment banks in respect of transactions of similar size, scope and nature, as mutually agreed upon by the Parties, in either case, payable upon the Closing of such Crosby Minority Transaction, time being 'of the essence'. (c) Transaction Qualifying Under Multiple Definitions / Transaction Fees on Multiple Transactions: (i) If a single Transaction thereunder qualifies as more than one type of Transaction under the Transaction definitions set forth therein, then only the largest, single Transaction Fee calculable in connection with such individual Transaction shall be payable in connection therewith. (ii) Subject to both the preceding clause and the limitations set forth in the provisos below in this clause (ii), if there are multiple, discrete, separate Transactions thereunder involving one or all Debtors (whether Closed simultaneously or at different times), a separate Transaction Fee shall be payable in connection with each such separate Transaction regardless of whether it meets the same definition of any other Transaction being Closed. (d) Break-up Fee: Additionally, if, during the Term or the Tail Period, a Debtor or its securityholders enters into any Definitive Agreement for an M&A Transaction that is later terminated, and such Debtor or its securityholders receives any Net Break-Up Proceeds, such Debtor will pay Raymond James a non-refundable cash fee (a "Break-up Fee") equal to the lesser of (a) thirty-five percent (35.0%) of all such Net Break-Up Proceeds promptly upon receipt thereof by such Debtor or its securityholders or (b) the amount of the M&A Transaction Fee that would have been payable to Raymond James under the Engagement Letter Agreement had the terminated M&A Transaction closed. If, within six (6) months following Raymond James's receipt of a Break-Up Fee, an M&A Transaction Closes with an M&A Transaction Fee payable to Raymond James, and, in connection with consummation of such M&A Transaction, such Debtor returns or credits all or a portion of the Break-Up Proceeds against the proceeds of such M&A Transaction, Raymond James shall credit a pro rata portion of the Break-Up Fee against (but no more than) such M&A Transaction Fee. "Net Break-Up Proceeds" means any "break-up", "termination", or similar fee or payment including, without limitation, any judgment for damages or amount in settlement of any dispute as a result of such termination, in all cases net of unrecouped out-of-pocket expenses incurred by such Debtor in the collection of such termination-related Net Break-Up Proceeds. Raymond James received approximately $250,000 from the Debtors for professional services performed and expenses incurred. Raymond James is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Geoffrey Richards Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg, FL 33716 Phone: (212) 885-1885 Email: geoffrey.richards@raymondjames.com About Crosby Marine Transportation Crosby Marine Transportation, LLC, through its affiliates, provides marine transportation, dredging and marine construction services along the Gulf Coast, operating a fleet of about 200 vessels and marine equipment, including tugs, barges and dredging assets, from Golden Meadow and Houma, Louisiana. Founded in 1977 by Vinton and Kurt Crosby, the company serves commercial, government and energy customers, employs about 850 full-time workers and holds a 49.9% interest in Luhr Crosby, which provides rock and marine construction services. Crosby Marine Transportation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10678) on Mar. 23, 2026. In the petitions signed by Lawrence Perkins, chief restructuring officer, Crosby Marine disclosed up to $500 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. The Debtors tapped Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel; Aymond James & Associates, Inc. as investment banker; and Stretto, Inc. as claims, noticing, and solicitation agent. CYPRESSWOOD TX: Selects Harmony Care as Bidder for Houston Sale --------------------------------------------------------------- Cypresswood TX Realty LLC seeks permission from the U.S. Bankruptcy Court for the Eastern District of New York to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor wants to sell the Property located at 10851 Crescent Moon Dr, Houston, Texas 77064. On March 30, 2026, the Debtor has selected Harmony Care Group or its designee as the stalking horse bidder for the sale of the real property. The Debtor and the Stalking Horse Bidder have entered into a definitive asset purchase agreement dated April 17, 2026, for the sale of the Property, including certain bid protections. Any objections, if any, to the Asset Purchase Agreement (APA) and/or granting of Bid Protections must be in writing, conform with the Bankruptcy Code, the Bankruptcy Rules and the E.D.N.Y. Local Bankruptcy Rules, state with particularity the grounds therefor and be filed with the Bankruptcy Court no later than April 28, 2026 at 12:00 p.m. (E.T.). About Cypresswood TX Realty Cypresswood TX Realty LLC owns a single real estate asset located at 10851 Crescent Moon Dr. in Houston, Texas. Cypresswood TX Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-72833) on July 23, 2025. In its petition, the Debtor reports total assets of $12,500,000 and total liabilities of $9,539,121. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtor is represented by Avrum J. Rosen, Esq., at Rosen, Tsionis & Pizzo, PLLC. DEKALB 1032: Receiver Appointed for Brooklyn Apartment ------------------------------------------------------ Magistrate Judge James R. Cho of the U.S. District Court for the Eastern District of New York granted Wilmington Trust, N.A.'s motion for appointment of Ian Lagowitz of Trigild as receiver for the multi-family residential properties located at 1032 Dekalb Avenue, Brooklyn, New York held by Dekalb 1032 Realty LLC. Wilmington Trust, N.A., as trustee for the registered holders of Credit Suisse First Boston Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, Series 2019-SB61, commenced foreclosure of a mortgage upon real property located at 1032 Dekalb Avenue in Brooklyn, New York, against defendant Dekalb 1032 Realty LLC, the holder of the subject mortgage, David Breuer, a guarantor of Borrower's obligations, and other defendants who might have possible claims against the property. The other defendants are The City of New York Environmental Control Board ("ECB"), and John Doe No. 1 Through John Doe No. XXX. Plaintiff is the owner of a pool of mortgage loans, including the loan that is the subject of this lawsuit. Defendant Dekalb 1032 Realty LLC is a New York limited liability company, located in Brooklyn, consisting of two members -- defendant Breuer and Abraham Grunbaum. Breuer and Grunbaum are citizens of New York. Defendant City of New York Environmental Control Board is named as a defendant by virtue of any unpaid fines, fees, or judgments, which may constitute a lien upon the Property at issue, and which liens are subordinate to the lien of the plaintiff's mortgage sought to be foreclosed on. On December 4, 2018, Capital One Multifamily Finance, LLC loaned $3,000,000 to Borrower pursuant to a Loan Agreement. On the same date, Borrower executed and delivered to Capital One a Consolidated, Amended and Restated Note-SBL in the original principal amount of $3,000,000. To secure payment of the Note, Borrower executed, acknowledged, and delivered to Capital One a Consolidation, Extension, and Modification Agreement, dated as of December 4, 2018, which encumbers the Property, including a three-story multifamily apartment building with seven rentable units. To further secure repayment, the guarantor also executed a guaranty dated December 4, 2018, in which he guaranteed the full repayment of all amounts for which Borrower was liable. Capital One subsequently recorded the Security Instrument against the Property on December 18, 2018, in the Office of City Register of the City of New York and paid the mortgage recording taxes. Because the Mortgage also grants the holder of the mortgage a security interest in the land, improvements, fixtures, personalty, leases, and rents associated with the Property, Capital One also recorded on January 24, 2019, a Uniform Commercial Code Financing Statement. On December 4, 2018, Capital One assigned the Note, Loan Agreement and Security Instrument, Guaranty, and other documents executed in connection with the Loan to Federal Home Loan Mortgage Corporation. On April 22, 2019, Federal Home Loan Mortgage Corporation assigned the loan documents to the plaintiff. Pursuant to the terms of the Note, Borrower was obligated to make each payment on the date due, or Borrower would be in default. Borrower failed to make payments due for the months of October 2024 through February 2025. Plaintiff notified Borrower and Guarantor by letter dated February 28, 2025, that Borrower had failed to remit the payment due for October 2024 through February 2025, and demanded that Borrower pay all sums due and owing under the loan documents. Borrower failed to pay the amount due following the plaintiff's notice of default. The loan documents provide that upon Borrower's default, the holder of the Mortgage shall be entitled to collect the rents and profits from the Property, or to have a receiver appointed to take possession of the Property and to collect the rents and profits. In addition, as a result of Borrower's default and failure to cure, the plaintiff revoked the Borrower's license to collect the rents and profits generated by the Property, and accelerated all amounts owed under the loan documents. Borrower has not paid the amounts due under the loan documents, nor has it turned over the rents and profits generated by the Property to Plaintiff. Defendants have also failed to pay water bills and insurance premiums for the property, forcing the plaintiff to secure hazard insurance to protect the property. On September 18, 2025, Plaintiff commenced the instant action. On October 3, 2025, Plaintiff filed the motion for the appointment of Ian Lagowitz as receiver. On December 16, 2025, Borrower and Guarantor filed a late Answer and on December 24, 2025, they filed a memorandum in opposition to the motion. On December 30, 2025, Plaintiff filed a reply in support of its motion. Plaintiff submitted the declaration of Brent Huff, a real estate analyst for KeyBank National Association, the authorized agent and servicer of the at-issue Loan. According to Mr. Huff, the Property is a three-story multifamily apartment building with seven rentable units, from which Borrower continues to collect rent and other income. Although the terms of the loan documents entitle Plaintiff to receive rent payments, those proceeds have not been paid to Plaintiff. As a nonrecourse loan, the rental income generated from the apartments is a primary source for recovering the amounts outstanding on the Loan. Although the loan documents conveyed the right to the Borrower to collect and use the rental proceeds, that license was automatically revoked upon the Borrower's default on the Mortgage payments. Thus, Plaintiff contends that the rental proceeds should be paid to Plaintiff. Defendants have also failed to pay water bills and insurance premiums for the property. Plaintiff contends that Borrower's actions are damaging plaintiff's interests in the Property, creating an imminent danger that the Property will be lost, injured or otherwise lessened in value, and that refusal to appoint a receiver would prejudice plaintiff more than Borrower. Plaintiff further alleges that the value of the property is significantly less than the amount owed on the Loan. Plaintiff requests that the Court appoint Ian Lagowitz of Trigild IVL to be the rent receiver. The Court finds that the appointment of a receiver over the property is appropriate because the Mortgage provides for the appointment of a receiver, and the relevant factors weigh in favor of the appointment of a receiver. In consideration of the relevant factors, the Court determines that appointment of a receiver is "clearly necessary to protect [P]laintiff's interests in the property." First, courts in this Circuit regularly appoint a receiver even where there is no evidence of fraud. Second, regardless of whether defendants have in fact been maintaining the Property, Borrower contractually agreed to the appointment of a receiver. The Court does not find that Defendants have satisfied their burden. Defendants have not provided any evidence to dispute that they are in default, nor have they submitted any evidence to refute Plaintiff's claim that no mortgage payments have been made since October 2024. Third, even if there were no explicit contract provision, and the Court were to consider the factors relevant to the equitable considerations, the Court finds that by failing to pay water bills and risking the imposition of liens on the Property, as well as failing to pay insurance premiums for the Property, defendants have engaged in behavior that threatens the value of the Property in the absence of a receiver. According to the Court, because the Loan is generally nonrecourse, plaintiff's recovery is limited to the value of the property, which is less than the amount outstanding on the Loan. Any waste or damage to the property, therefore, would not be recoverable by Plaintiff. Finally, Plaintiff has established its presumptive right to foreclose upon the Property due to Borrower's undisputed default. Based on the record before the Court, plaintiff has established standing to pursue this action, and defendants have not provided any evidence to dispute that they have defaulted on the Loan. Accordingly, the appointment of a receiver is appropriate to preserve the status quo while the parties litigate this action. Absent any evidence in support, Defendants' mere assertion of boilerplate affirmative defenses is insufficient to carry Defendants’ burden. In sum, in consideration of the explicit receiver provisions in the Mortgage, Defendants' failure to dispute their default, and the balance of equitable factors weighing in favor of a receiver, the Court finds that appointment of a receiver is warranted. About Dekalb 1032 Realty LLC Dekalb 1032 Realty LLC owns a real property located at 1032 Dekalb Avenue in Brooklyn, New York. Dekalb 1032 Realty LLC, et al., is facing a receivership case captioned as Wilmington Trust, N.A., as trustee for the registered holders of Credit Suisse First Boston Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, Series 2019-SB61 v. Dekalb 1032 Realty LLC, David Breuer, The City of New York Environmental Control Board ("ECB"), and John Doe No. 1 Through John Doe No. XXX, Case No. 1:25-cv-05250 (E.D. N.Y.), before the Hon. Kiyo A. Matsumoto. The case was filed on Sep. 18, 2025. Wilmington Trust, N.A., as trustee for the registered holders of Credit Suisse First Boston Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, Series 2019-SB61, is represented by: Carter Wallace, Esq. Polsinelli PC Tel: 813-393-0327 E-mail: cwallace@polsinelli.com - and - Aaron P. Davis, Esq. Polsinelli PC Tel: 212-803-9918 E-mail: adavis@polsinelli.com Dekalb 1032 Realty LLC is represented by: Ripal J. Gajjar, Esq. Tel: 646-543-1603 E-mail: ripgajjar@gmail.com DELEK LOGISTICS: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable ---------------------------------------------------------------- Fitch Ratings has affirmed Delek Logistics Partners, L.P.'s (DKL) Long-Term Issuer Default Rating (IDR) at 'B+' and senior unsecured notes at 'B+' with a Recovery Rating of 'RR4'. The Rating Outlook is Stable. The notes are co-issued by Delek Logistics Finance Corp. DKL's rating is supported by its location-advantaged assets, growing size and scale, and ongoing initiatives in diversifying its customer base and service offerings. This is offset by the partnership's negative FCF driven by organic and inorganic expansionary investments and business risk associated with the acquired assets. A large share of DKL's revenues is currently generated by services provided to its parent, Delek US Holdings, Inc. (DK; B+/Stable), resulting in an elevated counterparty concentration risk. The recent upsizing of DKL's credit facility to $1.3 billion from $1.15 billion did not affect the ratings of its unsecured notes. Key Rating Drivers High Counterparty Exposure: DK remains the largest counterparty for DKL, accounting for 49.3% of DKL's direct and indirect revenues in 2025, down from 55% in 2024. Fitch expects the revenue concentration to continue decreasing as the partnership pursues growth initiatives and amends its contracts. DK's Standalone Credit Profile (SCP) is 'b+' despite the below-average profitability of its refining segment given that it significantly benefits from the 63.3% stake in DKL and maintains moderate gross and low net debt. Fitch typically views midstream service providers with significant counterparty concentration as having exposure to outsized event risk. Stable Leverage, Negative FCF: Fitch projects that DKL's EBITDA leverage will remain between 4.7x and 4.9x in 2026-2030. EBITDA leverage excludes proportional EBITDA from DKL's equity investments in pipelines but includes dividends received from them. Fitch expects the partnership's debt to increase due to expansionary capex and acquisitions but forecasts that corresponding EBITDA growth will keep leverage under 5x. The partnership's post-dividend FCF has been consistently negative, and Fitch expects this trend to continue due to high growth capex and regular profit distribution inherent in the master limited partnership model. Growth Supported by Strategic Location: DKL benefits from its strategic location in the Permian Basin where oil production has remained resilient through various commodity price cycles. The acquisitions of the Delaware Gathering System, H2O Midstream, and Gravity assets expanded DKL's asset base in the Permian Basin in 2024-2025. The single-basin focus is offset by the basin quality and diversification across the Midland and Delaware basins of the Permian. Volumetric Risk, Commodity Price Exposure: The partnership's revenues are supported by long-term fixed-fee contracts with minimum volume commitments (MVCs) from DK and other customers. Approximately 60% of DKL's revenue comes from contracts with MVCs. Increasing third-party EBITDA contribution may potentially expose the partnership to higher volumetric risk as gathering and processing contracts in the Permian Basin typically lack MVCs. DKL's direct commodity price exposure historically accounted for about 5% of its EBITDA, a relatively low level. Standalone Rating: DKL's SCP is 'b+'. DK's SCP is also 'b+' based on the support from its stake in DKL. DK generated weaker EBITDA and FCF unit margins than most peers over the last few years, but it has recently improved its profitability by implementing a cost-optimization plan and benefited from favorable regulatory decisions on small refinery exemptions from renewable fuel obligations. Given that SCPs for the parent and the subsidiary are the same, both companies are rated 'B+' on a standalone basis. Peer Analysis Peers include Harvest Midstream I, L.P. (HMI; BB-/Stable), Howard Midstream Energy Partners, LLC (BB-/Stable), and NGL Energy Partners LP (NGL; B/Stable). DKL is smaller than all but Howard and higher levered than all but NGL. Fitch expects HMI and Howard to maintain leverage in the mid- to low 4.0x range, while DKL's leverage is projected in the mid- to high 4.0x range. DKL is somewhat more exposed to volumetric risk than peers with the exception of NGL. DKL is less diversified than these peers. Both DKL and Harvest have an elevated customer concentration risk; however, Harvest's key counterparty has a stronger profile. Fitch’s Key Rating-Case Assumptions - Fitch price deck for West Texas Intermediate (WTI) oil price of $65/bbl in 2026, $58/bbl in 2027-2028, and $57/bbl thereafter; - Fitch price deck for Henry Hub prices of $3.5/mcf in 2026, $3.25/mcf in 2027, $3.00/mcf in 2028 and $2.75/mcf thereafter; - One DK refinery turnaround each year; - Capex falling from over $220 million in 2026 to $125 million in 2030; - Regular profit distribution; - No significant acquisitions, asset sales or drop downs from DK assumed over the forecast; - No buybacks; - No additional contract amendment with DK. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bb-, Moderate), Sector Characteristics (bb-, Moderate), Market and Competitive Positioning (bb-, Moderate), Diversification and Asset Quality (bb-, Moderate), Company Operational Characteristics (b+, Higher), Profitability (bb-, Moderate), Financial Structure (bb+, Lower), 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+'. To derive the IDR: - Application of Fitch's "Parent and Subsidiary Linkage Rating Criteria" results in a standalone approach. Recovery Analysis Fitch examined DKL on both a going concern (GC) and liquidation value basis and expects it would be reorganized as a GC in the event of bankruptcy. Fitch assumed a 100% draw on the $1.3 billion credit facility. Fitch applied a 10% administrative claim to the GC enterprise value (EV). Fitch's GC EBITDA reflects DKL's recovery from a scenario in which near-term liquidity constraints result in default and bankruptcy. Fitch uses a 6.0x EBITDA multiple to arrive at its GC EV, which is in line with other similar midstream companies. Fitch's GC standalone EBITDA of $370 million represents the emergence EBITDA after poor execution of acquisitions and growth projects leading to lowered liquidity and financial market access. Fitch has increased DKL's GC EBITDA to reflect the growth of its asset base. Fitch added value from equity investments to both GC and liquidation value approaches. DKL has non-consolidated income from its equity holdings pipelines. Fitch expects an annual dividend of approximately $55 million from these investments. Fitch assumed that the value from these equity affiliates is equal to $275 million post restructuring. DKL's distribution of value results in the credit facility recovering at 'RR1' and the unsecured notes recovering at 'RR4'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Expected leverage above 5.0x and/or distribution coverage below 1.0x on a sustained basis; - Material unfavorable change in contractual arrangements or operating practices; - Significant deterioration in customer quality with DK which negatively affects DKL's cash flow and earnings profile as long as DK remains a significant counterparty; - Impairments to liquidity. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Demonstrated ability to maintain EBITDA leverage at or below 4.0x, together with a favorable rating action at DK. Liquidity and Debt Structure As of Dec. 31, 2025, DKL had $938 million available under its committed revolving credit facility. In March 2026, the size of the revolver was expanded to $1.3 billion and maturity was extended to March 2031. The facility has a springing maturity clause dependent on the maturity of its 2029 notes. The credit facility is secured by first priority liens on substantially all of the partnership's and its subsidiaries' assets. The credit facility includes restrictions on total leverage, senior leverage and interest coverage, which must remain below 5.25x (5.50x for certain acquisitions) and 3.75x and above 2.0x, respectively. DKL's cash on the balance sheet was $11 million at YE25. The partnership's nearest bond maturities are in 2028 and 2029. Fitch expects DKL to use the revolver to cover negative FCF driven by capex in 2026-2030. Issuer Profile DKL is a limited partnership formed by DK. The partnership owns and operates crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing and terminalling, and offloading assets. DK owns four refineries in the U.S. Gulf Coast region. Summary of Financial Adjustments Fitch moved DKL's interest income from leases to revenue. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for Delek Logistics Partners, LP. ESG Considerations Delek Logistics Partners, LP has an ESG Relevance Score of '4' for Group Structure due to material related party transactions with its sponsor DK, which has a negative impact on the credit profile and is relevant to the ratings in conjunction with other factors. The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Delek Logistics Finance Corp. senior unsecured LT B+ Affirmed RR4 B+ Delek Logistics Partners, LP LT IDR B+ Affirmed B+ senior unsecured LT B+ Affirmed RR4 B+ DELEK US: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable --------------------------------------------------------- Fitch Ratings has affirmed Delek U.S. Holdings, Inc.'s (DK) Long-Term Issuer Default Rating (IDR) at 'B+' with a Stable Rating Outlook. Fitch has also affirmed DK's senior secured revolving credit facility at 'BB+' with a Recovery Rating of 'RR1' and the senior secured term loan facility at 'BB-'/'RR3'. The rating reflects DK's medium size, location-advantaged assets near the Permian Basin and the U.S. Gulf Coast, and adequate liquidity. These strengths are tempered by its relatively weak but improving refining profitability, low asset complexity and geographic concentration within a single region. The company reduced its gross debt in 2025 and Fitch expects it to maintain moderate midcycle leverage. DK significantly benefits from its stake in Delek Logistics Partners, LP (DKL; B+/Stable). The company also financially benefited from the U.S. regulatory decision to provide small refinery exemptions (SREs) for the 2024 renewable fuel credits. Key Rating Drivers Moderating Leverage, Declining Debt: Fitch expects DK's standalone EBITDA leverage to reach 1.5x in 2026 after 1.9x in 2025 and extremely high levels in 2024. The improvement is driven by increasing crack spreads, its cost-cutting program and cash benefits from SREs. DK reduced its Fitch-adjusted standalone gross debt to $1 billion at YE25 from $1.3 billion at YE24. Fitch includes intermediation facilities in the company's debt. Fitch forecasts the standalone gross leverage at 2.8x at midcycle, while the midcycle consolidated leverage reaches 5.4x, up from 4.5x at YE25. The consolidated leverage is considerably affected by a growing share of DKL in the total midcycle EBITDA. Volatile Refining Margins: DK's crack spreads substantially increased in April 2026 due to the Iran conflict. Fitch expects DK's refining EBITDA to improve dramatically in 2Q26 based on near-record levels of diesel and jet fuel crack spreads. Fitch assumes the profitability will moderate later in 2026. However, DK's Enterprise Optimization Plan may, over time, provide sustainable improvements in its refining margin. The refining sector's inherent cyclicality and emerging challenges, such as the rise of electric vehicles potentially diminishing hydrocarbon demand, present ongoing risks. Lagging Profitability: With 302,000 barrels per day (bbl/d) of refining capacity, DK is larger than 'B' rated peers CVR Energy, Inc. (CVI; B+/Stable) at 207,000 bbl/d and Par Pacific Holdings Inc. (B+/Stable) at 219,000 bbl/d, and smaller than higher-rated peers. Although DK has higher capacity than its peers, it has usually generated lower EBITDA per barrel. DK's asset quality is limited by lower Nelson Complexity Index refineries, such as Krotz Springs and Tyler. This is offset by DK's flexibility, as its access to low-cost Permian and regional crudes has benefited from stronger price differentials. DK's refining segment also has materially higher corporate costs than peers. Logistics Diversification: Fitch views the integrated logistics segment as a credit positive that helps stabilize financial performance against the volatility of the refining sector. DK received regular profit distributions from DKL. DK's 63.3% ownership stake in DKL has been declining over time as DKL uses its shares to acquire assets. DK's ownership stake in DKL will continue to decline if DKL buys back shares from DK and continues to grow through equity-funded acquisitions. Improving Regulatory Environment: Certain small U.S. refiners received a favorable regulatory decision to return retired Renewable Identification Numbers (RINs) back to them in 2025. DK partially used its credit for 2024 compliance and sold some of the remaining credits. The company reported a $356 million reduction in 2025 costs and expects continued favorable decisions for the subsequent compliance periods as long as the administration's policy on SRE grants remains unchanged. Fitch assumes certain limited benefits in 2026 but conservatively excludes cost reduction from SREs in the following years. Future cash inflow from SREs may be positive for DK's credit profile. High Volatility Industry: Refining is one of the most cyclical corporate sectors, subject to periods of boom and bust, with abrupt inflection points in crack spreads and feedstock costs over the commodity cycle. DK's production slate is geared primarily toward gasoline but has higher diesel/jet fuel output than most peers. Peer Analysis At 302,000 bbl/d, DK operates on a smaller scale than Fitch-rated peers, such as HF Sinclair's 678,000 bbl/d and PBF's 1.02 million bbl/d, but has higher nameplate capacity than CVI and Par Pacific. DK benefits from cash flow diversification provided by the distributions it receives from its midstream subsidiary DKL. However, DK has lower unit profitability in the refining segment than HF Sinclair, CVI or Par Pacific. DK has moderate EBITDA leverage and low EBITDA net leverage on a standalone basis when DKL is treated as an equity affiliate. Fitch’s Key Rating-Case Assumptions - Fitch price deck for West Texas Intermediate (WTI) oil price of $65/bbl in 2026, $58/bbl in 2027-2028, and $57/bbl thereafter; - Fitch price deck for Henry Hub prices of $3.5/mcf in 2026, $3.25/mcf in 2027, $3.00/mcf in 2028 and $2.75/mcf thereafter; - Elevated crack spreads in 2026 normalizing thereafter; - Standalone capex averaging $235 million per annum in 2026-2030; - Approximately $60 million of annual dividends paid in 2026-2030; - No significant acquisitions, asset sales or drop downs to DKL assumed over the forecast; - Share buybacks of $150 million in 2026 and $100 million in 2027. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb-, Moderate), Sector Characteristics (bb+, Moderate), Market and Competitive Positioning (bb-, Moderate), Diversification and Asset Quality (bbb-, Lower), Company Operational Characteristics (b+, Higher), Profitability (b, Higher), Financial Structure (bb-, Moderate), and Financial Flexibility (b+, Moderate). - Assessments of the quantitative financial subfactors include bespoke calculations. Fitch assesses DK's credit metrics on a standalone basis, treating DKL as an equity affiliate. - '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+'. To derive the IDR: - Application of Fitch's "Parent and Subsidiary Linkage Rating Criteria" results in a standalone approach. Recovery Analysis Fitch examined DK on both a going concern (GC) and liquidation value (LV) basis. Fitch follows the LV approach as it results in a higher value in the event of bankruptcy. Fitch applied a 10% administrative claim to the LV. Fitch has assumed this portion of the inventory recovers at an advance rate of 80%, similar to its assumption for the draw on the ABL before liquidation. Fitch deducts inventory held by third parties under DK's inventory intermediation agreement in equivalent amounts from both the inventory figure in the LV and the corresponding balance sheet liability, as DK does not hold title to this inventory and it is not considered collateral for the benefit of general creditors. Fitch applied a 20% advance rate to the book value of DK's property, plant and equipment, which reflects below-average FCF generation potential of the assets until DK achieves a track record of cost reduction. The LV approach results in a $1.7 billion liquidation value. Fitch separates the EBITDA generated by the refining segment from the value of its stake in DKL and dividends received from it. The EBITDA that is used for the analysis is the standalone DK EBITDA and only the debt at DK is considered in this analysis. Fitch uses a 4.5x EBITDA multiple to arrive at its GC EV, reflecting the pure-play refining business without the benefit of the midstream segment. Fitch's GC standalone EBITDA of $250 million reflects the add-back of expenses related to the current intermediation agreement. The figure is based on a recovery year after a trough year in its stress case scenario. The GC EBITDA also reflects midcycle price expectations and a reduction in corporate costs. Both the LV and GC benefit from a $400 million value that DK can realize from its stake in DKL at the point of DK's bankruptcy. Fitch assumes that DKL may continue operating as a GC in a hypothetical DK bankruptcy scenario, likely caused by consistently low refining crack spreads. Fitch assumed an 80% draw on the $1.25 billion ABL facility that Fitch treats as higher priority than the first lien term loan facility. The non-revolving term loan facility had a $922 million outstanding balance at YE25. DK's distribution of value results in the ABL facility recovering at 'RR1', ahead of the first lien term loan, which recovers at 'RR3'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Erosion of liquidity buffers resulting from prolonged negative cash flow and/or material downward borrowing base redetermination; - Standalone EBITDA leverage above 4.0x and/or net leverage above 2.0x sustained through the cycle; - Significant weakening of DKL's SCP; - Regulatory changes that increase costs, including RINs and other federal and state regulations; - Change in stated financial policy that prioritizes shareholder returns over sustaining the liquidity profile. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Material increase in size, scale or asset quality as evidenced by an increase in refining capacity and/or asset complexity; - Standalone total EBITDA leverage sustained below 2.5x through the cycle; - Sustained improvement in refining margins from cost/efficiency gains or other factors. Liquidity and Debt Structure At Dec. 31, 2025, DK had $615 million of cash on hand and availability of $0.7 billion under its revolving ABL credit facility. DK has exhibited sufficient liquidity buffers and Fitch expects the company will be able to cover necessary maintenance and growth capex. The ABL facility has recently been extended to April 2031 and upsized to $1.25 billion from $1.1 billion. The company's debt structure at YE25 included a $922 million first lien term loan maturing in 2029. Fitch expects DK to use its cash balance and the ABL to cover occasional negative FCF. Issuer Profile DK is a small U.S.-based downstream energy company with petroleum refining assets and a stake in DKL, which owns gathering, processing, logistics, pipeline and terminalling assets, mainly in Texas, Arkansas, and Louisiana (all refineries are in the PADD 3 region). MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The 2025 revenue-weighted Climate.VS of Delek for 2035 is 59 out of 100, which is toward the higher end of the range for North American refining and marketing peers. This signal reflects the risks related to policies that require lower carbon emissions over time and encourage reduced usage of fossil fuels in favor of renewable fuels. This poses near-term risks in the context of higher costs driven by the need for greater focus on reducing emissions and longer-term risks in the context of reductions in demand for fossil fuels as the world transitions toward renewable fuels. Fitch believes meaningful energy transition will play out over several decades. Key transition risks arise from potential reductions in demand for refined products, driven by policies designed to reduce the use of oil and gas in the global economy and, in the short term, limit greenhouse gas (GHG) emissions from the consumption of hydrocarbons. These risks do not have a material influence on the rating currently given the long-term time frame over which the transition may take place and the uncertainty regarding the extent and nature of changes. Delek became the first U.S. small to midcap refiner to announce a GHG reduction target in November 2021. It plans to reduce its Scope 1 and 2 emission intensity by 25% by 2030 relative to its 2012 baseline, according to its updated targets. 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 ----------- ------ -------- ----- Delek US Holdings, Inc. LT IDR B+ Affirmed B+ senior secured LT BB+ Affirmed RR1 BB+ senior secured LT BB- Affirmed RR3 BB- DENTON COUNTY: Taps DeMarco Mitchell PLLC as Legal Counsel ---------------------------------------------------------- Denton County Brewing Company seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire DeMarco Mitchell, PLLC as counsel. The firm will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will receive these hourly compensation: Robert T. DeMarco $400 Michael S. Mitchell $300 paralegal Barbara Drake $125 The firm received from the Debtor a retainer of $16,738. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Denton County Brewing Company Denton County Brewing Company filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-41148) on April 3, 2026, listing $50,001 to $100,000 in both assets and $500,001 to $1 million in liabilities. Robert DeMarco, III, Esq. at DeMarco Mitchell, PLLC serves as the Debtor's counsel. DIACARTA INC: Trustee Seeks to Hire Finestone Hayes as Counsel -------------------------------------------------------------- Mark Sharf, the trustee appointed in the Chapter 11 case of DiaCarta, Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Finestone Hayes LLP as counsel. The firm will provide these services: (a) advise and represent the trustee as to all matters and proceedings within this Chapter 11 case, other than those particular areas that may be assigned to special counsel; (b) assist, advise and represent the trustee with respect to his duties under Bankruptcy Code Section 1106(a); (c) if warranted, advise and assist the trustee in converting the case to a proceeding under Chapter 7 of the Bankruptcy Code; (d) assist, advise and represent the trustee regarding any lawsuits or claims that are being prosecuted by or against the estate; (e) assist and advise the trustee in the investigation and disposition, if appropriate, of assets of the estate; (f) assist and advise the trustee regarding the investigation and prosecution of potential avoidable transfers; (g) advise the trustee with respect to a potential plan of reorganization or other disposition of this bankruptcy case; (h) object to claims, if the trustee requests so after his review; (i) general advice regarding duties in connection with operating the Debtor and/or supervising its operations; (j) determine the status of all leases and other executory contracts; and (k) employ other professionals as necessary. The firm's attorneys will be paid at these hourly rates: Stephen Finestone $710 Jennifer Hayes $710 Brent Meyer $575 Michael Coffino $635 Ryan Witthans $520 Johnson Lee $450 In addition, the firm will seek reimbursement for expenses incurred. The firm represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged. The firm can be reached at: Finestone Hayes LLP 456 Montgomery St, Floor 20 San Francisco, CA 94104 Telephone: (415) 421-2624 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. Mark M. Sharf is appointed as trustee in this Chapter 11 case. The trustee tapped Finestone Hayes LLP as counsel. DR DELICACY: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: DR Delicacy, LLC 1291 N Post Oak Rd Houston, TX 77055-7230 Business Description: DR Delicacy LLC, based in Houston, operates a gourmet food retail and distribution business specializing in luxury culinary ingredients, including caviar, truffles, specialty mushrooms, foie gras, and related pantry items sourced from domestic and international suppliers. The company serves chefs, restaurants, and individual consumers through its online platform and warehouse store, offering seasonal products and curated selections for high-end dining and gifting. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-32815 Judge: Hon. Jeffrey P Norman Debtor's Counsel: Reese Baker, Esq. BAKER & ASSOCIATES 950 Echo Ln Ste 300 Houston TX 77024-2824 Email: courtdocs@bakerassociates.net Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Diane Roederer as sole member. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/W3YSMIY/DR_Delicacy_LLC__txsbke-26-32815__0001.0.pdf?mcid=tGE4TAMA DVM PROPERTIES: Seeks to Hire Fellers Snider as Bankruptcy Counsel ------------------------------------------------------------------ DVM Properties, LLC, d/b/a Pampered Pets Veterinary Clinic, seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Fellers Snider Blankenship Bailey & Tippens, P.C. as attorneys. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as debtor in the continuing operation of its business and management of its property; (b) prepare on behalf of the Debtor all necessary applications, answers, orders, pleadings, reports, and other legal papers; and (c) perform all other legal services for the Debtor which may be necessary. Mr. Moriarty will receive an hourly rate of $595. Fellers Snider 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: Stephen J. Moriarty, Esq. FELLERS, SNIDER, BLANKENSHIP, BAILEY & TIPPENS, P.C. 100 N. Broadway, Suite 1700 Oklahoma City, OK 73102 Telephone: (405) 232-0621 Facsimile: (405) 232-9659 E-mail: smoriarty@fellerssnider.com About DVM Properties LLC DVM Properties, LLC, doing business as Pampered Pets Veterinary Clinic, operates a veterinary clinic and pet resort in Edmonton, Oklahoma. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-11154) on April 10, 2026. In the petition signed by J. Brian Ledger, member/owner, the Debtor disclosed up to $10 million in both assets and liabilities. Stephen J. Moriarty, Esq., at Fellers Snider, et al, represents the Debtor as legal counsel. EGGSTRODINARY RESTAURANTS: Taps Wadsworth Garber Warner as Counsel ------------------------------------------------------------------ Eggstrodinary Restaurants Leetsdale LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Colorado to hire Wadsworth Garber Warner Conrardy, P.C. as their counsel. The firm's services include: a. preparation on behalf of the Debtor of all necessary reports, orders and other legal papers required in this Chapter 11 proceeding; b. performance of all legal services for Debtor as debtor-in-possession which may become necessary; c. representation of the Debtor in any litigation which the Debtor determines is in the best interest of the estate whether in state or federal court(s). The professionals' hourly rates are: David V. Wadsworth $500 Aaron A. Garber $500 Aaron J. Conrardy $425 Hallie S. Cooper $225 Paralegals $125 Wadsworth Garber Warner Conrardy, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Aaron J. Conrardy, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Telephone: (303) 296-1999 Facsimile: (303) 296-7600 E-mail: aconrardy@wgwc-law.com About Eggstrodinary Restaurants Leetsdale LLC Eggstrodinary Restaurants Leetsdale LLC and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Lead Case No. 26-12490) on April 14, 2026, listing up to $50,000 in assets and $1 million to $10 million in liabilities. The petitions were signed by James Gregory as manager. Judge Joseph G Rosania Jr presides over the case. Aaron J. Conrardy, Esq. at WADSWORTH GARBER WARNER CONRARDY, P.C. serves as the Debtor's counsel. EL DORADO SENIOR: Seeks to Use Cash Collateral ---------------------------------------------- Lisa Holder, the Chapter 11 Trustee of El Dorado Senior Care LLC asks the U.S. Bankruptcy Court for the Eastern District of California, Sacramento Division, for authority to use cash collateral and to recognize and pay an administrative tax claim owed to the Franchise Tax Board totaling $7,600. This amount covers $6,800 in taxes for the 2025 fiscal year and an $800 fee for the current fiscal year. The Trustee argues that these obligations are valid administrative expenses necessary for the continued operation of the estate and requests authorization to pay them in full using available cash collateral. BMO Bank N.A. and Gina MacDonald may claim interests in the Debtor's assets or revenues. Although the Trustee reserves the right to dispute aspects of their claims, both creditors have consented to the use of cash collateral to satisfy the tax obligation. The Trustee notes that prior court orders already permit the use of such collateral under certain conditions, including providing replacement liens to protect creditor interests. 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=VVsOhq from PacerMonitor.com. About El Dorado Senior Care El Dorado Senior Care, LLC, a company in El Dorado Hills, Calif., owns and operates community care facilities for the elderly. El Dorado filed voluntary petition for Chapter 11 protection (Bankr. E.D. Calif. Case No. 24-22208) on May 21, 2024, with $3,420,371 in assets and $3,127,562 in liabilities. Benjamin L. Foulk, owner and manager, signed the petition. Judge Fredrick E. Clement oversees the case. D. Edward Hays, Esq., at Marshack Hays Wood, LLP, serves as the Debtor's legal counsel. Lisa Holder, a practicing attorney in Bakersfield, Calif., is the Chapter 11 trustee appointed in the Debtor's case. The trustee hired Pino & Associates as general bankruptcy counsel and Ratzlaff Tamberi & Gill, LLP as accountant. ELECTRONIC SYSTEM: Seeks Cash Collateral Access ----------------------------------------------- Electronic System Sales, LLC and Party Rentals Arizona, LLC ask the U.S. Bankruptcy Court for the District of Arizona for authority to use cash collateral and provide adequate protection. The Debtors request an interim order allowing them to use revenues and receivables for a 90-day period, consistent with a proposed budget, to pay ordinary and necessary operating expenses such as payroll, costs of goods sold, taxes, utilities, and lease obligations. They emphasize that continued access to cash collateral is essential to maintain going-concern value and avoid disruption to their operations, which include ESS's Dish Network sales division and party rental businesses, as well as PRA's standalone party rental operations. ESS operates in Arizona and runs both a Dish Network sales and installation business and a party rental division, while PRA focuses exclusively on party rentals. ESS has four owners, and PRA has five owners, several of whom are actively involved in operations. The Debtors expanded into party rentals during the COVID-19 pandemic to offset declining cable installation revenues caused by streaming competition. However, the businesses have faced financial distress due to declining revenue, market confusion between multiple business names and entities, seasonal fluctuations in party rental demand, and the burdens of merchant cash advance financing, which imposed high repayment obligations and significant processing costs. These factors contributed to liquidity constraints and ultimately led both entities to file Chapter 11 petitions in April 2026. At the time of filing, ESS and PRA collectively generated significant but declining and seasonal revenue, with ESS reporting approximately $131,260 in early 2026 revenue and PRA reporting approximately $332,828. ESS also holds modest assets including vehicles, trailers, and rental equipment, while PRA's primary asset is accounts receivable. The Debtors list multiple secured creditors, including the U.S. Small Business Administration, Newtek Bank, QFS Capital, Top Choice Financial, and others, with asserted secured claims totaling approximately $1.25 million. ESS alone owes the SBA approximately $428,984 and Newtek Bank approximately $348,162. The Debtors also acknowledge unsecured claims of roughly $238,310 and dispute the validity, extent, and priority of many asserted liens, expressly reserving all rights to challenge them. The Debtors' accounts receivable and business revenues constitute cash collateral subject to secured creditor interests, though the Debtors dispute those characterizations. To address adequate protection requirements, the Debtors propose granting replacement liens on post-petition revenues and receivables to the extent pre-petition collateral is used or diminished. ESS indicates that the SBA has consented to cash collateral use conditioned on replacement lien protection. The Debtors argue that continued operations themselves provide additional adequate protection because ongoing business activity preserves asset value and generates revenue that benefits all stakeholders. A copy of the motion is available at https://urlcurt.com/u?l=7ELuF8 from PacerMonitor.com. About Electronic System Sales, LLC Electronic System Sales, LLC, doing business as Dish Tech, ASA Party Rentals AZ, and Hero Party Rentals AZ, operates in Prescott Valley, Arizona, where it sells and installs DISH satellite television and related internet services and rents party equipment for residential and commercial events. The company offers items including bounce houses, tents, canopies, tables, and chairs. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03456) on April 9, 2026. In the petition signed by Michael Oberan, member and CEO, the Debtor disclosed $140,763 in total assets and $1,935,157 in total liabilities. Eli Enger, Esq., at Eli Enger, Esq., represents the Debtor as legal counsel. EVERY BLOOMING: Seeks to Tap Diaz and Larsen as Bankruptcy Counsel ------------------------------------------------------------------ Every Blooming Thing, LLC and Northwest Bank seek approval from the U.S. Bankruptcy Court for the District of Utah to employ Diaz and Larsen as attorneys. The firm's services include: (a) advise the Debtor of its rights, powers, and duties; (b) take all necessary action to protect and preserve the estate of the Debtor; (c) assist in preparing on behalf of the Debtor all necessary legal papers in connection with the administration of its estate; (d) assist in presenting the Debtor's proposed plan of reorganization and all related transactions and any related revisions, amendments, etc.; and (e) perform all other necessary legal services in connection with this Chapter 11 case. The firm received a retainer of $15,000 from the Debtor. Andres Diaz, an attorney at Diaz & Larsen, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Andres Diaz, Esq. Diaz & Larsen 757 East South Temple, Suite 201 Salt Lake City, UT 84102 Telephone: (801) 596-1661 Facsimile: (801) 359-6803 Email: courtmail@adexpresslaw.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. FIRST BRANDS: Seeks Extension to File Chapter 11 Plan ----------------------------------------------------- Vince Sullivan of Law360 reports that First Brands Group LLC is seeking an extension of its exclusive period to file a Chapter 11 plan, informing a Texas bankruptcy judge that it has made substantial progress in mediation with creditors. The company said it has spent months negotiating a settlement that will form the foundation of its restructuring plan, but needs more time to finalize documentation and incorporate agreed terms. It indicated that discussions are approaching completion. First Brands maintained that continuing exclusivity will allow it to complete negotiations efficiently and avoid competing filings. The company said it intends to submit a plan shortly after finalizing the settlement framework, the report states. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FLOOF LLC: Court OKs Continued Use of Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Tennessee granted Floof, LLC interim approval to use cash collateral. Under the interim order, the Debtor is authorized to continue using cash collateral through May 5 to pay operating expenses in accordance with an approved budget. The Debtor is allowed a 10% variance by individual line item and in the aggregate. During the interim period, the Debtor may access all existing cash, bank deposits, cash equivalents, post-petition revenues, accounts receivable, and funds held by third-party payment processors or payors, free from interference by creditors claiming rights in those funds. As adequate protection, the court granted replacement liens on post-petition assets to potential secured creditors, including EBF Holdings, LLC (Everest Business Funding) and Rapid Financial Solutions. However, the court made no final determination regarding the validity or priority of these liens, reserving all rights for future disputes. The order also sets procedural requirements, including filing a revised budget by April 28, and a deadline of May 1 for objections. A further interim hearing is scheduled for May 5. The order is available at https://is.gd/DCzXl7 from PacerMonitor.com. About Floof LLC Floof, LLC operates a pet grooming business. Floof sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-05356) on December 19, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Glen Watson, Esq., at Watson Law Group, PLLC serves as Subchapter V trustee. Judge Randal S. Mashburn presides over the case. Keith L. Edmiston, Esq., at Edmiston Law Firm, PLLC represents the Debtor as bankruptcy counsel. FORM LOS ANGELES: Case Summary & 18 Unsecured Creditors ------------------------------------------------------- Debtor: Form Los Angeles LLC 835 N La Brea Avenue Los Angeles, CA 90038 Business Description: Form Los Angeles LLC, operating as Form(La), is a Los Angeles, California-based design atelier founded in 2021 by Jordan Mosslar. The company designs furniture and interior objects and produces made-to-order custom stone furniture and design pieces using solid natural materials. Form(La) operates a Los Angeles flagship space presenting stone furniture, lighting, textiles, and objects, and provides custom quotes based on dimensions, stone preference, shape, and style. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-13976 Judge: Hon. Deborah J Saltzman Debtor's Counsel: Michael Jay Berger, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Boulevard, 6th Floor Beverly Hills, CA 90212 Tel: (310) 271-6223 Fax: (310) 271-9805 Email: michael.berger@bankruptcypower.com Total Assets: $190,504 Total Liabilities: $2,059,799 The petition was signed by Jordan Mosslar as founder and owner. A full-text copy of the petition, which includes a list of the Debtor's 18 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OF2MFZI/Form_Los_Angeles_LLC__cacbke-26-13976__0001.0.pdf?mcid=tGE4TAMA FULLER'S SERVICE: Trustee Taps TLH as Claims Estimation Expert -------------------------------------------------------------- N. Neville Reid, as Chapter 11 trustee for the bankruptcy estate of Fuller's Service Center Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire TLH Consulting as his claims estimation expert. TLH Consulting will prepare an expert report for the Estate that includes the following: a. an expert opinion on the reasonably probable amount of damages a jury would award the Richards Family on their claim against the Estate, and if requested, the same opinion on Edwin Johnson's claim; b. an expert opinion identifying the highest and lowest reasonably probable amount of damages a jury would award the Richards Family on their claim against the Estate, and if requested, the same opinion on Edwin Johnson's claim c. An expert opinion identifying the legal and factual bases for each amount. TLH Consulting's compensation will be paid at this rate: Judge Thomas L. Hogan $850 per hour TLH Consulting is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Thomas L. Hogan TLH Consulting 3 Survey Circle, Suite 2 Billerica, MA 01862 Phone: (978) 362-1804 Email: tlh@tlhconsultingco.com About Fuller's Service Center Inc. Fuller's Service Center, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-01345) on January 29, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Douglas A. Fuller Jr., president of Fuller's Service Center, signed the petition. Judge Deborah L. Thorne oversees the case. David K. Welch, Esq., at Burke, Warren, MacKay & Serritella, P.C., is the Debtor's legal counsel. G3 CONSTRUCTION: Seeks to Hire Ausley McMullen as Special Counsel ----------------------------------------------------------------- G3 Construction Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Ausley McMullen as special counsel. The firm will advise the Debtor regarding a payment dispute and potential bond claim involving the Florida Department of Transportation Improvements against Webber, LLC. Ausley McMullen's fees are as follows: a. Until either 1) Ausley McMullen files a civil action; or 2) the Debtor pays the initial retainer of $20,000, Ausley McMullen will charge $450 per hour for Anthony D. Tilton and partner's time and $350 per hour for associate time. b. After either 1) Ausley McMullen files a civil action; or 2) the Debtor pays the initial retainer of $20,000, Ausley McMullen will charge $325 per hour for Mr. Tilton and partner's time and $225 per hour for associate time (Blended Hourly Rate). c. Additionally, after conversion to the Blended Hourly Rate, the Debtor will pay Ausley McMullen 10% of the gross proceeds of any recovery or settlement agreement for this issue. Mr. Tilton disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Anthony D. Tilton, Esq. Ausley McMullen 123 S. Calhoun St. Tallahassee, FL 32301 Office: (850) 224-9115 Fax: (850) 222-7560 About G3 Construction Group Inc. G3 Construction Group, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50030) on February 17, 2026, listing $1 million to $10 million in both assets and liabilities. Judge Karen K. Specie oversees the case. The Debtor tapped Byron Wright, III, Esq., at Bruner Wright, PA as counsel and Georgia Evans at Professional Management Systems, Inc. as accountant. GOLIATH VENTURES: Hires Meland Budwick as Bankruptcy Counsel ------------------------------------------------------------ Goliath Ventures Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Meland Budwick, P.A. as attorneys. The firm will render these services: a) advise the Debtors with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; b) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of this case; c) protect the interests of the Debtors and its estate in all matters pending before the Court; and d) represent the Debtors in negotiations with its creditors and other parties in interest, and in the preparation of a plan. The firm will be paid at these rates: Attorneys $365 to $950 Paralegals $240 to $340 Solomon B. Genet, Esq., a partner at Meland Budwick, P.A, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Solomon B. Genet, Esq. MELAND BUDWICK, P.A. 3200 Southeast Financial Center 200 South Biscayne Boulevard Miami, FL 33131 Telephone: (305) 358-6363 Telecopy: (305) 358-1221 Email: sgenet@melandbudwick.com About Goliath Ventures Inc. Goliath Ventures Inc., formerly known as Gen-Z Venture Firm Inc., incorporated in Florida, was a cryptocurrency investment firm offering high-yield digital asset programs and liquidity pool investments to institutional and retail investors. A Florida court appointed Michael S. Budwick as receiver to secure remaining assets and records. Goliath Ventures and affiliate Goliath Ventures Inc., formerly known as Goliath Ventures Inc., a FL corporation, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-13174) on March 16, 2026. Michael S. Budwick, receiver of Goliath Ventures, signed the petition. At the time of the filing, Goliath Ventures reported $1 million to $10 million in assets and $100 million to $500 million in liabilities. Judge Laurel M. Isicoff presides over the cases. The Debtors are represented by: Solomon B. Genet, Esq. Meland Budwick, P.A. 200 South Biscayne Boulevard, Suite 3200 Miami, FL 33131 Telephone: (305) 358-6363 Email: sgenet@melandbudwick.com HANNON ENTERPRISE: Court Extends Cash Collateral Access to May 27 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, entered an order granting Hannon Enterprise Group, LLC interim approval to use cash collateral through May 27. Under the order, the Debtor is authorized to use cash collateral to pay court-approved expenses, including U.S. Trustee quarterly fees, and to pay ordinary and necessary operating expenses set forth in the budget, with up to a 10% variance per line item. The Debtor may also make additional expenditures with the express written approval of U.S. Bank. The use of cash collateral must comply with the terms of the order and remains subject to the interim time limitation. As adequate protection, U.S. Bank will be granted a perfected post-petition replacement lien on cash collateral, with the same validity, priority and extent as its pre-petition lien, without the need for further filings or documentation under non-bankruptcy law. The Debtor is also required to maintain insurance coverage in accordance with its loan and security agreements with U.S. Bank and to continue performing all duties required of a debtor-in-possession under the Bankruptcy Code and applicable court orders. The order is entered without prejudice to the rights of any party to seek modified adequate protection, additional restrictions on the use of cash collateral, or other relief. The court retained jurisdiction to enforce the order. A continued hearing is scheduled for May 27. The order is available at https://shorturl.at/PUfJS from PacerMonitor.com. About Hannon Enterprise Group LLC Hannon Enterprise Group, LLC, a single-asset real estate entity under 11 U.S.C. Section 101(51B), owns an office building at 1110 Highway AIA, Satellite Beach, Florida, with an appraised value of $2.15 million. Hannon Enterprise Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08135) on December 15, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Lori V. Vaughan presides over the case. Mark S. Steinberg, Esq., at Mark S. Steinberg, P.A. represents the Debtor as legal counsel. HANSEN-MUELLER CO: Seeks to Hire Lutz & Company as Tax Advisor -------------------------------------------------------------- Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ Lutz & Company, PC as tax advisor and accountant. Lutz will provide assistance to the Debtor with respect to the preparation and filing of its U.S. federal and state income tax returns and provide tax advice regarding matters pertaining to this Chapter 11 case. Hours incurred up to Lutz's fiscal year end of April 30, 2026, will be at minimum standard hourly rates $170 per hour, maximum standard hourly rate of $470 per hour, minimum consulting rate of $205 per hour, maximum consulting rate of $550 per hour. Hours incurred after Lutz's fiscal year end of April 30, 2026, will be at minimum standard hourly rates $180 per hour, maximum standard hourly rate of $495 per hour, minimum consulting rate of $215 per hour, maximum consulting rate of $580 per hour. In addition, the firm will seek reimbursement for expenses incurred. Kyle Hofeldt, an audit director at Lutz & Company, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kyle Hofeldt Lutz & Company, PC 13616 California St., Suite 300 Omaha, NB 68154 About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen PC, LLO as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. HIGHLAND CHATEAU: Receiver Sought for Memphis Apartments -------------------------------------------------------- Wells Fargo Bank, National Association, as Trustee for Morgan Stanley Capital I Trust 2018-L1, filed a motion with the U.S. District Court for the Western District of Tennessee, Western Division, seeking the immediate appointment of Tarantino Properties, Inc. as receiver for the properties of Highland Chateau 5776 LLC and Highland Hills 5776 LLC. Wells Fargo is the owner and holder of a loan made to Highland Chateau 5776 LLC, and Highland Hills 5776 LLC, both Delaware limited liability companies, on August 29, 2018, in the original principal amount of $20,650,000, which is secured by two by multi-family residential properties: (i) Highland Chateau Apartments, 5246 Raleigh Lagrange Road, Memphis, TN 38134; and (ii) Highland Hills Apartments, 5959 Mount Moriah Road a/k/a 2831 Fosterwood Drive, Memphis, TN 38115. The Loan is governed by, inter alia, a loan agreement, promissory note, deed of trust, UCC-1 financing statements, assignments of leases and rents, cash management agreement, deposit account control agreement, and guaranty of recourse obligations. According to Wells Fargo, several Events of Defaults have occurred and are continuing, including, without limitation: (a) failing to make monthly payments beginning with payments due on September 6, 2025, (b) allowing numerous materialman liens to be placed on the Property, (c) replacing the management of the Property without Lender approval, and (d) failing to maintain the Property in a good and safe condition and repair. Additionally, Borrower has failed and refused to turn over Rents as required by the Loan Agreement and the Cash Management Agreement, notwithstanding Lender's demand to do so. As a result of the Events of Default, the Loan was accelerated and remains outstanding, unpaid, and due in full. Wells Fargo contends that as part of the consideration for the Loan, Borrower agreed that the Property and all Collateral would be turned over to a receiver if there was any one Event Default. Now, there are numerous Events of Default, including those that impact Lender's ability to recover the debt of the Loan through realizing the value of the Collateral, which is being dissipated. Wells Fargo filed the Complaint on February 11, 2026, in the Chancery Court for Shelby County, Tennessee. On February 26, 2026, Lender filed the Motion for Appointment of Receiver, Memorandum in Support of Motion for Appointment of Receiver, and Affidavit in Support of Appointment of Receiver. A hearing was set on the Motion for Appointment of Receiver on March 6, 2026. A Notice of Removal was filed on March 6, 2026, before the 9:00 a.m. hearing in the Chancery Court of Shelby County. Wells Fargo is the trustee of a trust holding a pool of commercial mortgage loans, which is, for federal income tax purposes, a real estate mortgage investment conduit (a CMBS Trust). The Loan is one of many commercial mortgage loans held by Wells Fargo in this CMBS Trust. In the Complaint, Lender asserts claims under contract law and the enforcement rights under the Tennessee Act. Borrower granted Lender the right to take over the Property through a receiver upon the occurrence and continuation of an Event of Default. Lender is not asking the Court to appoint a receiver ancillary to the Court's adjudication of some other rights or interests pending in the case. Lender's rights in the Collateral are without dispute; Borrower has not contested that there are Events of Default. Wells Fargo contends the appointment of a receiver as a means to realize on the Collateral is the goal. Borrower agreed when getting the Loan that Lender would be able to have a receiver take over the Collateral if an Event of Default occurred and was continuing. Lender is seeking enforcement of that contractual right to have a receiver appointed. Unlike the Supreme Court case considered in Pusey, here, receivership is the final relief sought by Lender. Lender's contractual right to appointment of a receiver for the Collateral is also subject to the contractual right to have the enforcement determined by Tennessee law, as outlined in the Loan Agreement. The agreement stated that "Enforcement of the liens and security interests created pursuant hereto and pursuant to the other loan documents shall be governed by and construed according to the law of the State in which the property is located." In connection with the foreclosure or other enforcement of a mortgage, a mortgagee is entitled to the appointment of a receiver for the mortgaged property if: -- An appointment is necessary to protect the property from waste, loss, transfer, dissipation, or impairment; or -- The mortgagor agreed in a signed record to the appointment of a receiver on default; [or] -- The owner fails to turn over to the mortgagee the proceeds or rents the mortgagee was entitled to collect. In addition to these very specific grounds requiring appointment of a receiver, the Tennessee Act also provides for appointment of a receiver as a matter of equity. Wells Fargo notes that most of the cases dealing with receiverships in federal courts, which deny the application of state law and compel the application of federal law, are where the claims at issue are disputes of underlying rights that the court must determine through protracted litigation, and a receivership is used to protect the assets while those relative rights are adjudicated over time. Wells Fargo contends its right to have a receiver appointed to take over the Collateral to take action as outlined in the Tennessee Act was bargained for in the Loan Documents. Lender was granted the right to employ the mechanism provided under the Tennessee Act to enforce its rights in the Collateral. It is not a placeholder for safekeeping the Collateral pending resolution of other issues to be determined by the Court. There is nothing inconsistent with the Tennessee Act being administered by this Court using the Federal Rules of Civil Procedure as required by Rule 66. The Tennessee Act would have been administered in the Chancery Court for Shelby County, Tennessee, using the Tennessee Rules of Civil Procedure, had this action not been removed from that state court to this Court. While pending in state court, the receivership action was governed by Rule 66 of the Tennessee Rules of Civil Procedure, which provides: Wells Fargo insists the removal of the case to federal court based on diversity jurisdiction cannot be used to strip Lender of its substantive contractual and Tennessee statutory rights, which were valuable consideration for making a $20+ million loan to Borrower for investment into commercial real estate assets within the State of Tennessee. This is in no way inconsistent with the "broad equitable powers" of the Court to appoint a receiver. In fact, equity demands enforcement of Lender's substantive contractual and statutory right to appointment of a receiver for the Collateral. About Highland Chateau 5776 LLC and Highland Hills 5776 LLC Highland Chateau 5776 LLC and Highland Hills 5776 LLC own the multi-family residential properties, the Highland Chateau Apartments located at 5246 Raleigh Lagrange Road, Memphis, TN 38134; and the Highland Hills Apartments located at 5959 Mount Moriah Road a/k/a 2831 Fosterwood Drive, Memphis, TN 38115. The Highland Chateau entities were named as defendants in a receivership lawsuit Wells Fargo filed on Feb. 11, 2026, in the Chancery Court for Shelby County, Tennessee. The case was removed in the U.S. District Court for the Western District of Tennessee March 6, 2026. The case is captioned as Wells Fargo Bank, National Association, as Trustee for Morgan Stanley Capital I Trust 2018-L1 v. Highland Chateau 5776 LLC and Highland Hills 5776 LLC, Case No. 2:26-cv-02235 (W.D. Tenn.), before the Hon. Brian C. Lea. Defendants are represented by: Yosef Horowitz, Esq. Glankler Brown, PLLC Tel: 901-576-1758 E-mail: jhorowitz@glankler.com - and - S. Joshua Kahane, Esq. Glankler Brown, PLLC Tel: (901) 576-1701 E-mail: jkahane@glankler.com Counsel for Plaintiff: Nelwyn W. Inman, Esq. BAKER, DONELSON, BEARMAN CALDWELL & BERKOWITZ, PC 1900 Republic Centre 633 Chestnut Street Chattanooga, TN 37450 Tel: (423) 752-4405 E-mail: ninman@bakerdonelson.com - and - William G. Stevens, Esq. BAKER, DONELSON, BEARMAN CALDWELL & BERKOWITZ, PC 165 Madison Avenue, Suite 2000 Memphis, TN 38103 Tel: (901) 526-2000 E-mail: wstevens@bakerdonelson.com HOME REALTY: Trustee Hires Evans Petree PC as Attorney ------------------------------------------------------ Bettye S. Bedwell, the Trustee for Home Realty Company of Memphis, Inc. filed its second application seeking approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Wendy Geurin Smith, Esq. at Evans Petree, PC as her attorney. The firm will assist the Trustee in preparing and filing Trust Deed Releases and other legal documents. At the time the Court entered its Order authorizing the employment of Wendy Geurin Smith, Esq., she was a member of the Shuttleworth PLLC law firm with a customary billing rate of $300 per hour. Ms. Smith is now a member of the Evans Petree, PC, law firm with a customary billing rate of $425 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ms. Smith, a partner at Shuttleworth PLLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Wendy Geurin Smith, Esq. Evans Petree PC 1715 Aaron Brenner Dr #800 Memphis, TN 38120 Phone: (901) 525-6781 Email: wgsmith@evanspetree.com About Home Realty Company of Memphis, Inc., Home Realty Company of Memphis, Inc. filed a Chapter 11 bankruptcy petition (Bankr. W.D. Tenn. Case No. 13-31959) on Nov. 4, 2013, listing under $1 million in both assets and liabilities. Judge M. Ruthie Hagan oversees the case. Russell W. Savory, Esq., at Gotten, Wilson, Savory and Beard, PLLC served as the Debtor's legal counsel. L. Allen Exelbierd, CPA was provisionally appointed as liquidating trustee in the Debtor's Chapter 11 case. Bettye S. Bedwell was later appointed to serve as the successor trustee on June 14, 2018. HOT DESERT: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: Hot Desert Springs, LLC 18960 Ventura Blvd #405 Tarzana, CA 91356 Business Description: Hot Desert Springs, LLC holds a 9.77-acre commercial land parcel in Riverside County, identified under APN 663280005, with an estimated value of $1.65 million. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10849 Debtor's Counsel: Thomas B. Ure, Esq. URE LAW FIRM 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: 213-202-6070 Email: tom@urelawfirm.com Total Assets: $1,650,000 Total Liabilities: $1,541,309 The petition was signed by Robert Haro as managing member. The Debtor stated in the petition that it does not have any unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RCY255I/Hot_Desert_Springs_LLC__cacbke-26-10849__0001.0.pdf?mcid=tGE4TAMA IBODY INC: Gets Interim OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, entered an interim order granting iBody, Inc. approval to use cash collateral. Under the interim order, the Debtor is authorized to use up to $140,000 in cash collateral through May 16 in accordance with its approved operating budget. The order permits controlled budget flexibility, allowing weekly variances of up to 20% for smaller expenses and 15% for larger ones without prior approval, while further deviations require court approval or consent from the U.S. Small Business Administration. Unused budget amounts may be carried forward and up to 75% of excess revenues can be applied to cost of goods sold. The court listed these secured cr4ditors claiming interests in the cash collateral: the SBA and Strategic Funding Source, Inc, doing business as Kapitus. As adequate protection, the secured creditors received valid and automatically perfected replacement liens on the Debtor's post-petition property, excluding avoidance action recoveries, with the same priority and validity as their pre-petition liens. The Debtor must also pay $750 to the SBA as provided in the budget. The order does not determine the validity, amount, or extent of any creditor's lien, and all parties retain the right to challenge those liens later. A further hearing is scheduled for May 13. The order is available at https://is.gd/27OH8G from PacerMonitor.com. About iBody Inc. iBody, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-13464) on April 15, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Hon. Sheri Bluebond oversees the case. The Debtor is represented by: Steven R. Fox, Esq. Tel: 818-774-3545 Email: emails@foxlaw.com IMMACULATE DETAIL: Hires Edge Tax and Accounting as Accountant -------------------------------------------------------------- Immaculate Detail LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Edge Tax and Accounting LLC as accountant. The firm will assist the Debtor in the performance of bookkeeping, accounting and tax services. Lisha LeBaugh, an Enrolled Agent and Certified Tax Resolution Specialist, will be paid at her flat monthly fee of $595. Ms. LeBaugh disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lisha LeBaugh Edge Tax and Accounting LLC 211 Cater St. Anderson, SC 29621 Telephone: (928) 778-5600 About Immaculate Detail LLC Immaculate Detail LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03016) on Mar. 28, 2026. Judge Eddward P. Ballinger Jr. oversees the case. The Debtor tapped Ronald J. Ellett, Esq., at Ellet Law Offices, PC as counsel and Edge Tax and Accounting LLC as accountant. INFINITY CARE: Hires ArentFox Schiff LLP as Bankruptcy Counsel -------------------------------------------------------------- Infinity Care of East L.A. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ ArentFox Schiff LLP as its special healthcare and labor counsel. The firm's services include: (a) advising on and handling healthcare and labor law disputes involving the Debtor; (b) general counseling on healthcare and labor law related matters should they arise; (c) consulting with the Debtor and its bankruptcy counsel in this case regarding the bankruptcy-related healthcare and labor law regulatory matters as they pertain to the operation of the Debtor's healthcare business and any contemplated sale; (d) prosecuting healthcare and labor law related actions in connection with the Debtor's bankruptcy case that the Debtor deems necessary and the Firm agrees to undertake; (e) appearing, as appropriate, before this Court and other courts in which matters may be heard and protect the interests of the Debtor's estate before said courts and the Office of the United States Trustee; and (f) performing all other necessary healthcare and labor law related legal services in this case requested by the Debtor. The firm will be paid at these rates: Partners $815 to $1,365 per hour Of Counsel $690 to $1,290 per hour Associates $575 to $805 per hour Paraprofessionals $230 to $505 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Aram Ordubegian, Esq., a partner at ArentFox Schiff LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Aram Ordubegian, Esq. Morgan Forsey, Esq. Gayland O. Hethcoat II, Esq. Sophia R. Wang, Esq. ARENTFOX SCHIFF LLP 555 South Flower Street, 43rd Floor Los Angeles, CA 90071 Telephone: (213) 629-7400 Facsimile: (213) 629-7401 Email: aram.ordubegian@afslaw.com morgan.forsey@afslaw.com gayland.hethcoat@afslaw.com sophia.wang@afslaw.co About Infinity Care of East L.A. Infinity Care of East L.A. operates as a skilled nursing facility in Los Angeles, California, providing 24-hour nursing care, long-term residential services, and rehabilitation therapy. The facility is certified to participate in Medicare and Medicaid programs and serves patients requiring post-acute and extended care. Infinity Care of East of L.A. in Los Angeles, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 26-11877) on Feb. 27, 2026, listing as much as $1 million to $10 million in both assets and liabilities. David M. Goodrich as chief restructuring officer, signed the petition. MARSHACK HAYS WOOD LLP serve as the Debtor's legal counsel. INFINITY CARE: Hires Golden Goodrich as Restructuring Advisor ------------------------------------------------------------- Infinity Care of East L.A. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Golden Goodrich LLP as restructuring advisor. The firm will provide David Goodrich as chief restructuring officer (CRO) and certain additional personnel to the Debtor. The CRO and additional personnel will provide these services: (a) manage and oversee the affairs of the Debtor; (b) provide the Debtor's Board of Directors and its legal counsel with regular reports setting forth in reasonable and appropriate detail the operations, revenue and expenses; (c) provide the Debtor and its legal counsel with any assistance requested by either in connection with any reports, accountings, motions, responses or other documents relating its Chapter 11 case; and (d) evaluate and develop restructuring plans or strategic alternatives for maximizing the value of the Debtor's assets. The Board and its legal counsel, in consultation with the CRO, and its other professionals, shall determine which plan(s) or alternative(s) are appropriate under the circumstances, and the CRO shall use commercially reasonable efforts to attempt to implement such plan(s) or alternative(s). Mr. Goodrich will be paid at his hourly rate of $375, plus reimbursement for expenses incurred. The firm also received a retainer of $20,000 before the Debtor's bankruptcy filing. Mr. Goodrich disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David M. Goodrich Golden Goodrich LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 Telephone: (714) 966-1000 Facsimile: (714) 966-1002 About Infinity Care of East L.A. Infinity Care of East L.A. operates as a skilled nursing facility in Los Angeles, California, providing 24-hour nursing care, long-term residential services, and rehabilitation therapy. The facility is certified to participate in Medicare and Medicaid programs and serves patients requiring post-acute and extended care. Infinity Care of East of L.A. in Los Angeles, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 26-11877) on Feb. 27, 2026, listing as much as $1 million to $10 million in both assets and liabilities. David M. Goodrich, chief restructuring officer, signed the petition. The Debtor tapped Marshack Hays Wood LLP as counsel and Golden Goodrich LLP as restructuring advisor. INTEGRITY INVESTMENT: Hires Weissberg and Khanna as Attorney ------------------------------------------------------------ Integrity Investment REO Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Weissberg and Khanna, Ltd. as attorneys. The firm's services include: (a) give the Debtor legal advice and assistance with respect to its powers and duties; (b) assist the Debtor in the negotiation, formulation and drafting of a Plan of Reorganization and Disclosure Statement and represent it in the confirmation process; (c) examine claims asserted against the Debtor; (d) take such action as may be necessary with reference to claims that may be asserted against the Debtor, and prepare, on its behalf, such as legal papers as may be necessary in connection with this proceeding and perform all other legal services; (e) assist and represent the Debtor in all adversary proceedings and contested matters; (f) represent the Debtor in its dealings with the Office of the United States Trustee and with creditors of the estate; (g) assist and represent the Debtor in litigation in the State and Federal Courts, where it is a party or seeking to become a party, or otherwise become involved to protect its interests and rights. Ariel Weissberg, Esq., the primary attorney in this representation, will be billed at his hourly rate of $550. The firm received a pre-petition advanced payment retainer of $10,000 from the Debtor. Mr. Weissberg disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ariel Weissberg, Esq. Weissberg and Associates, Ltd. 125 South Wacker Drive, Suite 300 Chicago, IL 60606 Telephone: (312) 663-0004 Facsimile: (312) 663-1514 Email: ariel@weissberglaw.com About Integrity Investment REO Holdings LLC Integrity Investment REO Holdings LLC is a real estate company specializing in the acquisition and management of real estate-owned (REO) properties. Integrity Investment REO Holdings LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-01589) on January 29, 2026, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Sarah Rothman Robins as managing member. Paul M. Bach, Esq. at BACH LAW OFFICES serves as the Debtor's counsel. INTEGRITY INVESTMENT: Hires Weissberg and Khanna Ltd as Attorney ---------------------------------------------------------------- Integrity Investment Fund LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Weissberg and Khanna, Ltd. as attorneys. The firm will render these services: a. give Debtor legal advice and assistance with respect to its powers and duties as a debtor-in-possession; b. assist Debtor in the negotiation, formulation and drafting of a Plan of Reorganization and Disclosure Statement and to represent Debtor in the confirmation process; c. examine claims asserted against the Debtor; d. take such action as may be necessary with reference to claims that may be asserted against the Debtor, and to prepare, on behalf of the Debtor, such applications, motions, complaints, orders, reports and other legal papers as may be necessary in connection with this proceeding and to perform all other legal services for the Debtor which may be required; e. assist and represent the Debtor in all adversary proceedings and contested matters, including motions for the use of cash collateral, for the sale of real and personal property, to modify the automatic stay, for the approval of DIP financing and to appoint professionals; f. represent the Debtor in its dealings with the Office of the United States Trustee and with creditors of the estate; g. assist and represent the Debtor in litigation in the State and Federal courts, where the Debtor is a party or seeking to become a party, or otherwise become involved to protect the Debtor's interests and rights. The Debtor has agreed to be billed at the hourly rate of $550. The firm received a retainer in the amount of $10,000. Ariel Weissberg and the legal assistants of Weissberg and Khanna, Ltd. Are "disinterested" as defined in 11 U.S.C. Sec. 101, according to court filings. The firm can be reached through: Ariel Weissberg, Esq. Weissberg and Khanna, Ltd. 111 West Washington Street, Suite 1625 Chicago, IL 60602 Phone: (312) 663-1000 About Integrity Investment Fund LLC Integrity Investment Fund LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-01587) on Jan. 29, 2026. In the petition signed by Sarah Rothman Robins, managing member, the Debtor disclosed up to $50 million in both assets and liabilities. Paul M. Bach, Esq., at Bach Law Offices, Inc. represents the Debtor as counsel. INTREPID LLC: Seeks to Hire Milestone Advisors as Accountant ------------------------------------------------------------ Intrepid, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to employ Milestone Advisors as accountants. The firm's services include: a. rendering accounting assistance and oversight regarding assisting the Debtors in keeping reliable and accurate books and records on a going forward basis; b. rendering tax preparation services, as needed; c. assisting the Debtors in connection with analysis and objections to claims; d. preparing any necessary budgets, financial projections, liquidation analyses or other financial estimates; e. rendering accounting assistance and oversight regarding the preparation of the financial reports, operating reports and other reports necessary in the Case; f. rendering assistance in connection with the Debtors' reorganization and other business matters; and g. rendering accounting advice and services to the Debtor regarding such other matters as may arise from time to time in the Case. The firm's customary hourly rates are: Accountants and Tax Professionals $180 to $375 Other professionals $80 to $120 Milestone Advisors regularly seeks the reimbursement of fees and expenses incurred in providing accounting services to its customers. Ryan Rees, a managing partner at Milestone Advisors, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Ryan Rees, CPA, CMA Milestone Advisors 448 E Winchester St., Suite 400 Salt Lake City, UT 84107 Phone: (801) 262-7866 Email: hello@milestoneadvisors.com About Intrepid, LLC Intrepid, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 26-20852) on February 20, 2026, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Seth S. Gomm as manager. Judge Michael F Thomson presides over the case. Matthew M. Boley, Esq. at COHNE KINGHORN, P.C. serves as the Debtor's counsel. IPIC THEATERS: Cinemex Bids $6MM for Bankrupt Theater Chain ----------------------------------------------------------- Alex Wolf of Bloomberg Law reports that CMX Holdings USA Inc., owner of CMX Cinemas, has filed a $6 million stalking-horse bid for iPic Theaters LLC, outbidding Star Grill Cinema Inc.’s $5 million proposal in the company’s bankruptcy case. The competing bid was submitted Wednesday to the U.S. Bankruptcy Court for the Southern District of Florida, shortly after iPic requested approval of its agreement with Star Grill. The timing underscores a rapidly evolving sale process, the report states. CMX's filing includes a revised version of the Star Grill purchase agreement, with edits to financial terms and auction procedures. The changes are intended to improve value and adjust protections for the initial bidder, according to report. The company said its higher bid should serve as the new benchmark for the auction. The court will weigh both proposals as it determines how to proceed with the sale of iPic's assets, the report relays. About IPIC Theaters, LLC IPIC Entertainment Inc. operates a chain of premium dine-in movie theaters in the United States, combining luxury seating with in-theater dining, including restaurants and beverage service. The Company runs 13 locations with 8 restaurants and approximately 100 screens nationwide, offering enhanced audiovisual and hospitality experiences. IPIC's operations encompass ticketing, food and beverage service, and membership programs across its branded theaters. IPIC Theaters, LLC in Boca Raton, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Fla. Case No. 26-12313) on Feb. 25, 2026, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Patrick Quinn as chief executive officer, signed the petition. BURR & FORMAN LLP serve as the Debtor's legal counsel. ISLAND GASTROENTEROLOGY: Gets Extension to Access Cash Collateral ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York entered its fourth interim order authorizing Island Gastroenterology Consultants, P.C. to use cash collateral to fund operations. Under the fourth interim order, the Debtor is authorized to use cash collateral to fund ordinary operating expenses, including payroll, taxes, utilities, insurance, maintenance, and repairs, in accordance with its budget. The Debtor said it lacks sufficient unencumbered funds to continue operations and requires immediate access to cash collateral to maintain its medical practice and work toward reorganization. As adequate protection, Link Medical Services, PLLC will be granted first-priority replacement liens while Dr. Mariwalla will be granted second-priority replacement liens. In addition, both lenders will receive superpriority administrative expense claims equal to the amount of cash collateral used, subject to lien validity. The order is immediately effective and modifies the automatic stay as necessary. A final hearing is scheduled for May 20, with objections due by May 13. A copy of the Debtor's budget is available at https://shorturl.at/Ess3l from PacerMonitor.com. About Island Gastroenterology Consultants P.C. Island Gastroenterology Consultants, P.C. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70198) on January 14, 2026, listing between $1 million and $10 million in both assets and liabilities. The petition was signed by Raj Mariwalla, M.D. as director. Judge Sheryl P. Giugliano oversees the case. The Debtor is represented by: Sean C. Southard, Esq. Klestadt Winters Jureller Southard & Stevens, LLP Tel: 212-972-3000 Email: ssouthard@klestadt.com Andrew Charles Brown Klestadt Winters Jureller Southard & Stevens, LLP Tel: 212-972-3000 Email: abrown@klestadt.com ISM HOLDINGS: Seeks to Hire Vestcorp LLC as Accountant ------------------------------------------------------ ISM Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Vestcorp, LLC as accountant. The firm will render these services: a) gather and verify all pertinent information required to compile and prepare monthly operating reports; b) prepare monthly operating reports for the Debtor in this bankruptcy case; c) prepare any necessary reports pursuant to Fed. R. Bankr. P. 2015.3 regarding non-debtor businesses; d) prepare budgets, and financial disclosures; e) assist the Debtor in administering this case; f) render such additional services as the Debtor may require in this case. The firm will be paid at these rates: Irv Schwarzbaum, CPA $495 Staff $165 - $375 Vestcorp received a pre-petition retainer in the amount of $10,000. Vestcorp has no connection with the Debtor, the creditors or any other party in interest, or their respective attorneys, according to court filings. The firm can be reached through: Irv Schwarzbaum, CPA Vestcorp, LLC 623 Eagle Rock Avenue, Suite 364 West Orange, NJ 07052 Tel: (973) 787-0123 Email: ischwarzbaum@vestcorp.net About ISM Holdings, LLC ISM Holdings, LLC owns a portfolio of residential properties in Newark, Irvington, and Sicklerville, New Jersey, comprising single-family and multi-family homes, with a combined assessed value of approximately $6.35 million. ISM Holdings, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41242) on March 16, 2026, listing $6,355,275 in assets and $3,888,200 in liabilities. The petition was signed by Solomon Weisz as sole member. Judge Jil Mazer-Marino presides over the case. Btzalel Hirschhorn, Esq. at SHIRYAK, BOWMAN, ANDERSON, GILL & KADOCHNIKOV, LLP serves as the Debtor's counsel. ITREGULATORS INC: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- ITRegulators, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral through May 15. Under the interim order, the Debtor is authorized to use the cash collateral of lenders JPMorgan Chase Bank, N.A. and OnDeck Capital, Inc. in accordance with an approved budget. The Debtor is also permitted to exceed budgeted expenses by up to 5% in the aggregate. In exchange for using the lenders' cash collateral, the Debtor is required to provide protection by granting these lenders access to its books and records; by providing evidence of collateral or proceeds upon request; and by properly maintaining and managing the collateral. Meanwhile, secured creditors will receive replacement liens on the Debtors' current and future property but only to the extent their collateral loses value. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/V3srl from PacerMonitor.com. A status hearing is scheduled for May 15. ITRegulators listed JPMorgan and OnDeck as the primary secured creditors with liens on substantially all of its business assets. JPMorgan is expected to assert a secured claim of at least $50,000 while OnDeck is expected to assert a secured claim of at least $73,000. Both creditors are believed to have security interests in cash, bank deposits, accounts receivable, and other business assets. About ITRegulators Inc. ITRegulators, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-06014) on April 6, 2026. In the petition signed by Michael D. Williams, president, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Nancy A. Peterman oversees the case. Ben Schneider, Esq., at The Law Offices of Schneider and Stone, represents the Debtor as legal counsel. JACKSON WALKER: Sorrento, M3 Secure Stay of RICO Lawsuit -------------------------------------------------------- Alex Wittenberg of Law360 reports that a Texas bankruptcy judge on Wednesday, April 22, 2026, halted a California federal case alleging Jackson Walker LLP, along with executives linked to Sorrento Therapeutics Inc. and M3 Partners, orchestrated a forum-shopping scheme to bring the company’s bankruptcy to Texas. In granting the pause, the court emphasized the need to avoid overlapping litigation while the Chapter 11 case unfolds. The decision puts the California claims on hold pending further developments in the bankruptcy proceedings, the report states. Plaintiffs have alleged that the defendants coordinated behind the scenes to influence venue selection. The stay ensures that the bankruptcy court retains primary control over matters tied to the restructuring before parallel claims resume, according to Law360. 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. JEH FARMS: Hires Magee Goldstein Lasky as Bankruptcy Counsel ------------------------------------------------------------ JEH Farms LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to hire Magee Goldstein Lasky & Sayers, P.C. as its attorneys. The firm's services include: a. advising the Debtor with respect to its powers and duties as debtor in possession in the continued management of its business and properties; b. advising and consulting on the conduct of the Bankruptcy Case, including all of the legal and administrative requirements of operating in chapter 11; c. attending meetings and negotiating with representatives of Debtor's creditors and other parties in interest; d. taking all necessary action to protect and preserve the Debtor's estate, including prosecuting actions on the Debtor's behalf, defending any actions commenced against the Debtor, and representing the Debtor's interests in negotiations concerning all litigation in which the Debtor is involved, including objections to claims filed against the Debtor's estates; e. preparing all pleadings, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtor's estate; f. representing the Debtor in connection with obtaining post-petition financing, if necessary; g. advising the Debtor in connection with any potential sale of assets; h. appearing before the Court to represent the interests of the Debtor's estate before the Court; i. taking any necessary action on behalf of the Debtor to negotiate, prepare on behalf of the Debtor, and obtain approval of a chapter 11 plan and documents related thereto; and j. performing all other necessary or otherwise beneficial legal services to the Debtor in connection with prosecution of this Bankruptcy Case, including (i) analyzing the Debtor's leases and contracts and the assumptions, rejections, or assignments thereof, (ii) analyzing the validity of liens against the Debtor; and (iii) advising the Debtor on corporate and litigation matters. The firm's hourly rates are: Attorneys $450 Paralegal $115 Prior to the Petition Date, the firm received $12,500 plus the filing fee of $1,738 from the Debtor. As of the Petition Date, $5,769.50 is in the Debtor's retainer account at Magee. As disclosed in the court filings, Magee Goldstein Lasky & Sayers is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Andrew S. Goldstein, Esq. Magee Goldstein Lasky & Sayers, P.C. PO Box 404 Roanoke, VA 24003-0404 Telephone: (540) 529-1609 Facsimile: (540) 343-9898 E-mail: agoldstein@mglspc.com About JEH Farms LLC JEH Farms LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Va. Case No. 26-60473) on April 14, 2026, listing $500,001 to $1 million in both assets and liabilities. Andrew S Goldstein, Esq. at Magee Goldstein Lasky & Sayers, P.C. serves as the Debtor's counsel. JMJ FILMS: Hires BFSNG Law Group LLP as Bankruptcy Counsel ---------------------------------------------------------- JMJ Films, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire BFSNG Law Group, LLP as attorney. The firm will render these services: a. advise the Debtor's with respect to the powers and duties of the Debtor-in-Possession in the continued management of its business and property; b. represent the Debtor the Bankruptcy Court and at all hearings on matters pertaining to its affairs, including prosecuting and defending litigated matters ad they may rise during the Chapter 11 case; c. advise and assist the Debtor in the preparation and negotiation of a Plan of Reorganization with its creditors; d. prepare all necessary or desirable applications, answers, orders, reports, documents and other legal papers; and e. perform all other legal services. The firm will be paid at these hourly rates: Partners $585 to $725 per hour Of Counsel $500 to $600 per hour Associates $425 to $510 per hour Paralegals $210 per hour In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the Debtor paid a retainer of $25,000 plus $1,738 filing fee in this matter. Mark E. Cohen, Esq., a partner of BFSNG Law Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark E. Cohen, Esq. BFSNG Law Group, LLP 6901 Jericho Turnpike, Suite 230 Syosset, NY 11791 Telephone: (516) 747-1136 About JMJ Films, Inc. JMJ Films, Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10541) on March 13, 2026, listing up to $50,000 in both assets and liabilities. Judge Lisa G Beckerman presides over the case. Mark E. Cohen, Esq. serves as the Debtor's counsel. JOSEPH & JUANITA: Hires Tax & Financial Guidance as Tax Preparer ---------------------------------------------------------------- Joseph & Juanita Enterprises LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to employ Tax & Financial Guidance Center, LLC to prepare the business tax returns. The Debtor needs the federal and state business tax returns for the following tax years prepared: 2023, 2024, and 2025 taxes. Additionally, a consultation and review of Quickbooks was necessary for the preparation of the returns. At the time of filing this motion, Laura K. Schexnader has prepared the 2025 business tax returns. The firm will be paid at these fees: -- preparation of the 2025 tax returns $375 -- consultation Quickbooks review $130 -- Reconciled Quickbooks 2022-2023 $375 -- Reconciled Quickbooks 2024-2025 $375 Ms. Schexnader assured the court that her firm neither hold not represents an interest adverse to the Debtor estates or has any connection to the Debtor, its creditors or other parties in interest in this Chapter 11 cases. The firm can be reached through: Laura K. Schexnader Tax & Financial Guidance Center, LLC 7916 Wrenwood Boulevard Suite B Baton Rouge, LA 70809-1782 Phone: (225) 923-2299 Email: laura941@bellsouth.net About Joseph & Juanita Enterprises LLC Joseph & Juanita Enterprises LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. La. Case No. 26-50107) on Feb. 9, 2026, listing up to $1 million in assets and up to $10 million in liabilities. Judge John W. Kolwe oversees the case. The Debtor tapped Kathryn A. Wiley, Esq., at Wiley and Jowers, LLC as counsel. JUNIOR OLIVERA: Seeks to Hire Fife M. Whiteside as Legal Counsel ---------------------------------------------------------------- Junior Olivera Fitness, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Georgia to employ Fife M. Whiteside, PC as counsel. The firm's services include: (a) provide or assist in providing the Debtor legal advice with respect to its powers and duties in the continued operation of its business and management of its property; (b) prepare or assist in preparing on behalf of the Debtor necessary legal papers; (c) continue or assist in continuing existing litigation to which may be a party, and conduct examinations incidental to the administration of the Debtor's estate; (d) take or assist in taking any and all necessary action for the proper preservation and administration of the estate; (e) assist the Debtor with the preparation and filing of a Statement of Financial Affairs and schedules and lists as are appropriate; (f) take or assist in taking whatever action is necessary with reference to the use by the Debtor of its property pledged as collateral; (g) assert or assist in asserting, as directed by the Debtor, claims that it may have against others; (h) assist the Debtor in connection with claims for taxes made by governmental units; and (i) perform or assist with performing other legal services for the Debtor which may be necessary. The firm will be paid at its standard hourly rate of $350. Fife Whiteside, Esq., disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Fife M. Whiteside, Esq. Fife M. Whiteside, PC P.O. Box 5383 Columbus, GA 31906 Telephone: (706) 320-1215 Email: whitesidef@mindspring.com About Junior Olivera Fitness LLC Junior Olivera Fitness, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case 26-40287) on April 13, 2026, listing under $1 million in both assets and liabilities. Judge John T. Laney, III oversees the case. Fife M. Whiteside, PC serves as the Debtor's counsel. KC GLOBAL: Seeks to Hire Law Offices of Sheila Esmaili as Counsel ----------------------------------------------------------------- KC Global Network, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ the Law Offices of Sheila Esmaili as counsel. The firm's services include: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of its estate; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States trustee; (d) provide the Debtor legal advice and assist with respect to its powers and duties in the continued operation of its business and management of property of the estate; (e) assist the Debtor in the administration of the estate's assets and liabilities; (f) prepare necessary legal documents; (g) assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against its estate; (h) provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (i) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The firm will be paid at these hourly rates: Sheila Esmaili, Attorney $550 Sanaz Berelian, Attorney $550 Law Clerk and Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $31,738, including the filing fee, from the Debtor. Ms. Esmaili disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Shiela Esmaili, Esq. Law Offices of Sheila Esmaili 10940 Wilshire Boulevard, Suite 1600 Los Angeles, CA 90024 Telephone: (310) 734-8209 Facsimile: (877) 738-6220 Email: SELaw@BankruptcyHelpLA.com About KC Global Network Inc. Based in Woodland Hills, California, KC Global Network, Inc. is a privately held importer and supplier of conventional and organic cane sugar that operates within the wholesale commodity trading and food distribution sectors. The company sources sugar from domestic and international suppliers and distributes bulk products to business customers across the United States, managing import-export logistics and supply chain coordination. KC Global Network sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Lead Case 26-10506) on March 11, 2026. In the petition signed by Havri Babakhan Vartanian, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. The Law Offices of Sheila Esmaili represents the Debtor as counsel. KESKIN INC: Gets Final Approval to Use Cash Collateral ------------------------------------------------------ Keskin, Inc. received final approval from the U.S. Bankruptcy Court for the District of Maryland to use cash collateral to fund operations. Under the final order, the Debtor is permitted to use cash collateral to operate its business and pay expenses listed in an approved budget. The order allows the Debtor to exceed the total fixed disbursement amounts in the budget by up to 10% in the aggregate. As adequate protection, the Debtor must continue its monthly payments of $2,000 to the U.S. Small Business Administration until Sept. 1 or until confirmation of a reorganization plan, whichever occurs first. In addition, the SBA and other secured creditors will be granted replacement liens on assets acquired by the Debtor after its Chapter 11 filing that are similar to their pre-bankruptcy collateral. The replacement liens will have the same validity, priority and extent as the secured creditors' pre-bankruptcy liens. In addition, the replacement liens are automatically perfected without the need for any additional filings or documentation. However, the order does not expand creditors' rights beyond what existed on the petition date, and creditors retain the right to seek further adequate protection, request relief from the automatic stay, object to improper uses of cash collateral, or challenge future motions or plans filed by the Debtor. A copy of the court's order is available at https://shorturl.at/AOR4z from PacerMonitor.com. In October 2020, the Debtor obtained a $500,000 loan from the SBA. This SBA Loan is secured by a first-priority, properly perfected UCC-1 lien on the Debtor's cash and accounts receivable. As of the petition date, the SBA loan remains unpaid in full. After the SBA loan, the Debtor obtained additional loans from four other lenders: Web Bank, Radiance Funding, Forward Financing, and US Foods. These creditors also filed UCC-1 financing statements asserting security interests in the Debtor's cash and receivables. However, their filings came after the SBA's, and the SBA's lien fully absorbs any equity in the Debtor's assets, rendering these subsequent claims undersecured. About Keskin Inc. Keskin Inc., operating as RM Grill (https://www.rmgrill.com/), a restaurant business located in Columbia, Maryland. Keskin Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17696) on August 1, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $50,000 and $100,000. The Debtor is represented by Michael Patrick Coyle, Esq. at The Coyle Law Group, LLC. KEY PAINTING: Hires Law Offices Craig A. Diehl as Attorney ---------------------------------------------------------- Key Painting & Decorating, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire Law Offices of Craig A. Diehl of Camp Hill as its attorneys. The firm will render these services: (a) advise Debtor-in-Possession with respect to its rights, powers, duties and obligations as Debtor-in-Possession in the administration of this case and the management of its property; (b) prepare pleadings, applications and conduct examinations incidental to administration; (c) advise and represent Applicant in connection with all applications, motions, or complaints for reclamation, adequate protection, sequestration, relief from stays, appointment of trustee or examiner, and all other similar matters; (d) develop the relationship of the status of Debtor-in-Possession to the claims of creditors in these proceedings; (e) advise and assist the Debtor-in-Possession in the formulation and presentation of a Plan pursuant to Chapter 11, Subchapter V, of the Bankruptcy Code and concerning any and all matters relating thereto; and (f) perform any and all other legal services incident and necessary. The Law Offices of Craig A. Diehl will be paid at these rates: Attorneys $300 per hour Legal Assistants $195 per hour The firm will also be reimbursed for out-of-pocket expenses incurred. The Law Offices of Craig A. Diehl received a retainer in the amount of $4,562, plus the filing fee of $1,738. Craig Diehl, Esq., Esq., a partner at the Law Offices of Craig A. Diehl, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. Craig A. Diehl can be reached at: Craig A. Diehl, Esq. Law Offices of Craig A. Diehl 3464 Trindle Rd. Camp Hill, PA 17011 Tel: (717) 763-7613 Fax: (717) 763-8293 About Key Painting & Decorating LLC Key Painting & Decorating, LLC, founded in 1975 and based in Hummelstown, Pennsylvania, provides residential, commercial, and industrial painting services, along with wallpaper installation, cabinet refinishing, and related interior and exterior work. The company serves customers across Central Pennsylvania, including the Harrisburg, Hershey, Lancaster, Mechanicsburg, and York areas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-00959) on April 9, 2026. In the petition signed by Bryan Daniels, member, the Debtor disclosed $461,532 in assets and $1,506,586 in liabilities. Judge Henry W. Van Eck oversees the case. Craig A. Diehl, Esq., at the Law Offices of Craig A. Diehl, represents the Debtor as bankruptcy counsel. KROSKOB MANUFACTURING: Hires Michael Best & Friedrich as Counsel ---------------------------------------------------------------- Kroskob Manufacturing, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Michael Best & Friedrich LLP as counsel. The firm will render these services: (a) advise and represent the Debtor in connection with the general administration of the estate; (b) confirm any proposed plan of reorganization and all other contested and adversary matters that arise in this case; (d) investigate and litigate any avoidance or other action the estate may have; and (e) perform other legal services for the Debtor related to or arising out of contested matters in this bankruptcy case. The firm's professionals will be paid at these hourly rates: Patrick Vellone $775 Jeffrey A. Weinman $750 Lance Henry $595 Partners $475 to $750 Associates $350 to $450 Paralegals $225 to $300 The firm received a pre-petition retainer of $10,338 from the Debtor. Lance Henry, Esq., an attorney with Michael Best, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lance Henry, Esq. Michael Best & Friedrich LLP 675 15th Street, Suite 2000 Denver, CO 80202 Telephone: (720) 240-9515 Email: lance.henry@michaelbest.com About Kroskob Manufacturing, Inc. Kroskob Manufacturing, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-12460) on April 13, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Joseph G Rosania Jr presides over the case. Jeffrey Weinman, Esq. at Michael Best & Friedrich LLP serves as the Debtor's counsel. KUBERA HOTEL: Court OKs Deal to Use Wilmington's Cash Collateral ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of California, Oakland Division, approved a fifth stipulation allowing Kubera Hotel Properties, LP to use the cash collateral of its secured creditor, Wilmington Trust National Association. Under the fifth stipulation, the Debtor is authorized to use cash collateral through May 1 to pay the expenses set forth in its budget. In return, Wilmington will continue to receive a monthly payment of $15,000 and a replacement lien on the Debtor's assets, with the same validity, priority and extent as its pre-bankruptcy lien. The stipulation is available at https://is.gd/5GchMJ from PacerMonitor.com. Wilmington is represented by: Meagen E. Leary, Esq. Marcus O. Colabianchi, Esq. Geoffrey A. Heaton, Esq. Duane Morris, LLP Spear Tower One Market Plaza, Suite 2200 San Francisco, CA 94105-1127 Telephone: +1 415 957 3000 Fax: +1 415 957 3001 mcolabianchi@duanemorris.com gheaton@duanemorris.com About Kubera Hotel Properties LP Kubera Hotel Properties LP operates a 113-room hotel located at 920 University Avenue, Berkeley, California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-40996) on June 6, 2025. In the petition signed by Pradeep Kantilai T. Khatri, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Charles Novack oversees the case. Ryan C. Wood, Esq., at the Law Offices of Ryan C. Wood, Inc., represents the Debtor as bankruptcy counsel. LISA MARIA ABBOTT: Sklar Named as Receiver for Brooklyn Property ---------------------------------------------------------------- Magistrate Judge Robert M. Levy of the U.S. District Court for the Eastern District of New York entered an order directing the appointment of Paul Sklar as receiver to collect rent with respect to the property at 53 Van Buren Street, Brooklyn, New York 11221. The order was issued in a foreclosure case filed against defendants Lisa Maria Abbott; Sanford Solny; ABC Investors Management Corp., Van Buren Group Inc.; Alliance Mortgage Banking Corp.; Ponce De Leon Federal Bank; State of New York; New York City Department of Finance; City of New York Environmental Control Board; City of New York Parking Violations Bureau; City of New York Transit Adjudication Bureau; Sara Ruth Blake aka Sara Piazza; Horace G. James; and Maria Tlapanco. Article 13, LLC requested the appointment of a receiver. Article 13, LLC, represented by Shauna M. DeLuca, Esq., at Hasbani & Light, P.C., sought to foreclose a mortgage lien upon the Premises known as 53 Van Buren Street, Brooklyn, New York 11221. The Court order provides that the receiver is authorized and directed to demand, collect and receive from the occupants, tenants and licensees in possession of the Premises. The receiver may institute and prosecute suits for rent collection, license fees and other charges. The receiver is authorized to make any reasonable and necessary ordinary repairs to the Premises, subject to the qualification that receiver shall not expend in excess of $3,000.00 for any repair. The owner is directed to turn over to the receiver all rents collected from and after the date of the Order. The receiver is authorized from time to time to rent or lease space and facilities for terms not exceeding one year of such longer terms as may be required by the law of the State of New York; to comply with all lawful requirements of any municipal department or municipality in which the mortgaged Premises are situated; and to procure such fire, plate glass, liability and other insurance necessary. After paying the taxes of the management and care of the Premises, the receiver retains the balance of the monies which may come into his or her hands until further order of the Court. The receiver must file a monthly accounting with Plaintiff's counsel starting the date of the Order and on a monthly basis during the term of the receivership. The receiver shall not appoint an attorney, agent, appraiser, auctioneer, or accountant without the prior authorization of the Court. The receiver may, on proper notice to all parties who have appeared in this action, apply to the Court for appropriate compensation for his work, and all parties and respective counsel shall fully cooperate with the Receiver. About Lisa Abbott et al. Lisa Abbott owns the premises located at 53 Van Buren Street, Brooklyn, New York 11221. Lisa Abbott and several entities have been hit with a foreclosure case captioned as Article 13, LLC v. Lisa Maria Abbott; Sanford Solny; ABC Investors Management Corp., Van Buren Group Inc.; Alliance Mortgage Banking Corp.; Ponce De Leon Federal Bank; State of New York; New York City Department of Finance; City of New York Environmental Control Board; City of New York Parking Violations Bureau; City of New York Transit Adjudication Bureau; Sara Ruth Blake aka Sara Piazza; Horace G. James; and Maria Tlapanco, Case No. 1:21-cv-00436 (E.D.N.Y.), before the Hon. Eric R. Komitte. The case was filed on Jan. 26, 2021. Defendants are represented by: Zvi Aryeh Storch, Esq. Storch Law, P.C. Tel: (718) 409-9101 E-mail: zvi@storchlawpc.com - and - Binyomin Zev Bendet, Esq. Storch Law, P.C. Tel: 718-404-9101 E-mail: ben@storchlawpc.com Plaintiff Article 13, LLC is represented by: Ilevu Yakubov, Esq. Jacobs PC Tel: (718) 772-8704 E-mail: leo@yakubovlaw.com LITTERBOYS.COM LLC: Seeks to Hire Neelaman Law as Legal Counsel --------------------------------------------------------------- Litterboys.com, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Neeleman Law Group, PC as counsel. The firm's services include: (a) assist the Debtor in the investigation of the financial affairs of the estate; (b) advise and assist the Debtor with respect to matters relating to this case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under this case; and (d) perform all necessary legal services for the estate in relation to this case. The firm will be paid at these hourly rates: Principals $600 Associates $475 Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $6,738 from the Debtor. Jennifer Neeleman, Esq., an attorney at Neeleman Law Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, PC 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Email: jennifer@neelemanlaw.com About Litterboys.com LLC Litterboys.com, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-10867) on Mar. 19, 2026, listing under $1 million in both assets and liabilities. Judge Christopher M. Alston oversees the case. Jennifer L. Neeleman, Esq., at Neeleman Law Group, PC represents the Debtor as counsel. LOCK 27 BREWING: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Lock 27 Brewing, LLC 1035 S. Main Street Dayton, OH 45458 Business Description: Lock 27 Brewing, established in 2012, is a craft brewery based in Centerville, Ohio. The company brews beer and distributes its products to bars and retailers in Ohio. Its name references the Miami & Erie Canal and Lock 27 in Miamisburg, Ohio. Chapter 11 Petition Date: April 22, 2026 Court: United States Bankruptcy Court Southern District of Ohio Case No.: 26-30874 Judge: Hon. Tyson A Crist Debtor's Counsel: Denis E. Blasius, Esq. THOMSEN LAW GROUP, LLC 140 North Main Street, Suite A Springboro, OH 45066 Tel: 937-748-5001 Fax: 937-404-6630 Email: dblasius@ihtlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Charles S. Barnhart aka Steve Barnhart 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/2FQY2YQ/Lock_27_Brewing_LLC__ohsbke-26-30874__0001.0.pdf?mcid=tGE4TAMA LOWELL MARTIN: Hires Lane Law Firm PLLC as Bankruptcy Counsel ------------------------------------------------------------- Lowell Martin, Jr., LLC d/b/a Synergy Crude, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire The Lane Law Firm, PLLC as counsel. The firm will render these services: (a) advise and represent the Debtor as debtor in possession in the administration of this Subchapter V case; (b) analyze the Debtor's assets and liabilities, investigate the extent and validity of liens and claims, and review or participate in any proposed asset sales or dispositions; (c) communicate and negotiate with creditors and other parties in interest; (d) prepare pleadings, including motions and applications, and to represent the Debtor in all meetings, hearings, and conferences, including the section 341 meeting of creditors; (e) assist in the preparation, analysis, and negotiation of a plan of reorganization and any accompanying disclosure statement, and to facilitate confirmation of such plan; (f) take all actions necessary to protect and preserve the Debtor and its assets, including maintaining going-concern value for the benefit of creditors; (g) appear before this Court and any other court or tribunal, as appropriate, and to represent the Debtor before the United States Trustee; and (h) perform such other legal services as may be necessary in connection with this case. The firm will be paid at these rates: Robert Lane, Partner $650 per hour Joshua Gordon, Partner $625 per hour Matthew Bourda, Sr. Counsel $625 per hour Zach Casas, Associate $575 per hour Kyle Garza, Associate $550 per hour Paralegals $250 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received multiple payments from the Debtor totaling $35,000. Mr. Lane disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 Email: notifications@lanelaw.com About Lowell Martin, Jr., LLC Lowell Martin, Jr., LLC provides integrated crude hauling and logistics services through its operations and affiliated trucking activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-60034) on April 9, 2026. In the petition signed by Lowell J. Martin, Jr, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Robert C Lane, Esq., at The Lane Law Firm, represents the Debtor as legal counsel. LOYALTY INVESTMENT: Seeks to Hire Century 21 Universal as Broker ---------------------------------------------------------------- Loyalty Investment & Management, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Century 21 Universal as real estate broker. The Debtor needs a broker to sell its property located at 15238 Wabash Avenue, South Holland, Illinois. The firm will receive a commission of 6 percent of the property's gross sale price. Kolawole Peters, a real estate agent at Century 21 Universal, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kolawole Peters Century 21 Universal 7301 N. Western Avenue Chicago, IL 60645 Email: info@jidecentury21universal.com About Loyalty Investment & Management Loyalty Investment & Management, INC. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-05409) on April 8, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Michael B. Slade presides over the case. Paul M. Bach, Esq., at Bach Law Offices represents the Debtor as counsel. M & M BUCKLEY: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois entered an interim order authorizing M & M Buckley, LLC to use cash collateral. The Debtor's cash collateral consists primarily of rents generated from its commercial rental property in Richton Park, Illinois, together with proceeds, cash, and cash equivalents derived from that property. The Debtor may use these funds only through April 30 to obtain insurance for the property and pay post-petition real estate taxes and other necessary expenses approved by secured creditor JTS Capital 4, LLC. As adequate protection, JTS will be granted a replacement lien on the cash collateral and on post-petition property of the same type or kind, with the same priority it held before bankruptcy. The order also preserves all rights of both the Debtor and JTS under their agreements and applicable law, including any claims against guarantors. The order is available at https://is.gd/G70QEE from PacerMonitor.com. A further hearing is scheduled for April 29. The Richton Park property is the Debtor's primary asset and is encumbered by a mortgage and assignment of rents originally granted to Seaway Bank and Trust Company and now held by JTS. The loan, originally in the amount of approximately $575,550, is secured by both the property and its rental income, which constitutes cash collateral under the Bankruptcy Code. Prior to the bankruptcy filing, foreclosure proceedings had already progressed significantly, culminating in a judgment of foreclosure and sale entered in December 2025, with approximately $582,282 owed as of the petition date. About M & M Buckley Management Inc. M & M Buckley Management, Inc. is a professional property management company based in Richton Park, IL. It specializes in managing residential and commercial properties. M & M sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-19108) on December 23, 2024, with $1 million to $10 million in both assets and liabilities. Melvin T. Buckely, Jr., president of M & M, signed the petition. Judge Janet S. Baer handles the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. Secured creditor Community Loan Servicing is represented by Jill Sidorowicz, Esq. at Noonan & Lieberman, Ltd. M&M CUSTARD: Cash Collateral Hearing Set for May 21 --------------------------------------------------- The U.S. Bankruptcy Court for the District of Kansas is set to hold a hearing on May 21 to consider granting M&M Custard, LLC and its affiliates another extension to use cash collateral. The Debtors were previously allowed to access cash collateral under the court's April 15 third interim order. The third interim order approved the payment of expenses from cash collateral in accordance with the Debtors' budget and granted Equity Bank protection through weekly payments; a replacement lien on the Debtors' assets similar to its pre-bankruptcy collateral; and an allowed administrative claim in case of any diminution in the value of its collateral. M&M Custard holds approximately $100,000 in bank accounts and $350,000 in accounts receivable. Equity Bank is believed to hold perfected liens on the Debtor's accounts, inventory, and receivables, and these assets constitute cash collateral. Other secured creditors include US Foods, Inc. The Debtors owe Equity Bank more than $22.6 million as of the petition date. About M&M Custard LLC M&M Custard LLC, doing business as Freddy's Frozen Custard & Steakburgers, operates 30+ franchise locations across six Midwestern and Southern U.S. states. Headquartered in Overland Park, Kansas, M&M Custard was founded in 2010, opened its first location in Jefferson City, Missouri in 2012, and has expanded into Missouri, Kansas, Illinois, southern Indiana, Kentucky, and Tennessee. The Debtor operates fast-casual restaurants specializing in steakburgers, hot dogs, and frozen custard, and manages its stores through individual subsidiary LLCs, collectively holding 41 store franchise license agreements with Freddy's. M&M Custard and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Lead Case No. 25-21650) on November 14, 2025. In its petition, M&M Custard reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Judge Robert D. Berger oversees the case. The Debtors are represented by Colin N. Gotham, Esq., at Evans & Mullinix, P.A. MADISON ATRINA: Seeks to Hire Denman Realty as Property Manager --------------------------------------------------------------- Madison Atrina Properties, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Denman Realty Group, L.L.C. dba Denman Realty & Property Management to provide property management services. The firm will be paid as follows: a. Six percent (6%) of each month's base rent; b. A $500 leasing fee, due at the signing of a new tenant; c. A $100 lease renewal fee, due at lease renewal; d. The following sums, which Property Manager collects from tenants and tenant-applicants: i. An application fee of $55 for each adult who applies as a tenant; ii. A one-time administrative fee of $199, due at signing; iii. A two percent (2%) administrative fee, due along with the monthly rental payment; and iv. A $50.95 Resident Benefits Package consisting of renter's insurance, credit reporting, identity theft protection, pest control, utility turn on concierge service and tenant rewards program, due along with the monthly rental payment; v. A $25 fee for air filter replacement due along with the monthly rental payment. Denman Realty Group is a "disinterested person" as that term is defined in section 101(14) of the Code, according to court filings. The firm can be reached through: Wade Denman Denman Realty Group, L.L.C. dba Denman Realty & Property Management 1555 E University Dr #2 Mesa, AZ 85203 Telephone: (480) 233-6119 About Madison Atrina Properties Madison Atrina Properties, LLC owns and leases a residential property in Scottsdale, Arizona. Madison Atrina Properties sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03335) on April 6, 2026. In the petition signed by Joshua B. Rapaport, member, the Debtor disclosed up to $10 million in both assets and liabilities. Kelly G. Black, Esq., at J. Grant Walker, PLLC represents the Debtor as counsel. MAR & MAR: Court Extends Cash Collateral Access to May 19 --------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California entered a second interim order extending Mar & Mar, Corp.'s authority to use cash collateral. The Debtor was initially allowed to access cash collateral through March 19 under the court's Feb. 24 interim order. Under the second interim order, the Debtor is permitted to use cash collateral through May 19 in the ordinary course of business, subject to a cap of $111,000 per month. Any continued use beyond that date will require either a stipulation with the U.S. Small Business Administration or further court approval. SBA will be granted protection in the form of monthly payments of $675 and replacement liens on the Debtor's post-petition assets excluding certain bankruptcy-related claims, maintaining the same priority, validity, and extent as its pre-petition liens. The Debtor is also required to file weekly cash flow reports detailing actual financial performance, with reports due each Thursday for the prior week and shared with all relevant parties. A copy of the court's order is available at https://shorturl.at/t8S03 from PacerMonitor.com. About Mar & Mar Corp. Mar-Mar Corporation was founded in 2005. The Company's line of business includes the retail sale of new and used motorcycles. Mar & Mar, Corp. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10257) on January 28, 2026. In its petition, the debtor reported estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The case is being handled by Honorable Bankruptcy Judge Scott C. Clarkson. The Debtor is represented by Steven E. Cowen, Esq., of S.E. Cowen Law. MARINER 12: Seeks to Hire Charles Wertman as Bankruptcy Counsel --------------------------------------------------------------- Mariner 12 LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ the Law Offices of Charles Wertman PC to handle its Chapter 11 case. The firm's hourly rates are as follows: Attorneys $525 Paraprofessionals $150 Prior to the petition date, the firm received a retainer of $6,250, including the filing fee of $1,738. Charles Wertman, Esq., a member, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles Wertman, Esq. Law Offices of Charles Wertman PC 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Telephone: (516) 284-0900 Email: charles@cwertmanlaw.com About Mariner 12 LLC Mariner 12 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41290) on March 18, 2026, listing under $1 million in both assets and liabilities. Judge Elizabeth S. Stong oversees the case. The Law Offices of Charles Wertman PC serves as the Debtor's counsel. MARQUIS STAR: Seeks to Hire AppraisalFirst LLC as Appraiser ----------------------------------------------------------- Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ AppraisalFirst LLC as appraiser. The appraiser will physically inspect and appraise the Debtors' asset at its location: 1100 Biscayne Boulevard, Unit 6307, Miami, Florida 33132. The appraiser will conduct interior and exterior inspections the Real Property and prepare an appraisal in full conformance with the Uniform Standards of Professional Appraisal Practice. AppraisalFirst's total fee for the appraisal is $900. William Griffith, SRA of AppraisalFirst, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: William K. Griffith AppraisalFirst LLP 1444 Biscayne Blvd., Ste. 211 Miami, FL 33132 Phone: (305) 401-5747 About Marquis Star Holding Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-10660) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities. Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the xompany's chief operating officer. The Debtors tapped Linda Leali, PA as bankruptcy counsel; BGV Law PLLC as special counsel; and the Hoffman Eells Group CPAs, PC as accountant. MILE HIGH: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Mile High Recovery Center LLC 1633 Fillmore Street, Suite 212 Denver, CO 80206 Business Description: Mile High Recovery Center LLC, based in Denver, Colorado, operates an addiction treatment and behavioral health facility providing a continuum of care that includes residential treatment, partial hospitalization, intensive outpatient programs, outpatient therapy, and recovery housing support. Founded in 2016, the company expanded from early sober living services into a broader clinical treatment model addressing substance use disorders and co-occurring mental health conditions. Its operations are centered on evidence-based therapies, including cognitive behavioral therapy and trauma-informed care, supported by structured recovery programming and alumni services, and it primarily serves adults seeking treatment for drug and alcohol dependency in the Denver metropolitan area. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-12796 Judge: Hon. Michael E Romero Debtor's Counsel: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONARDY, P.C. 2580 West Main Street Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Email: agarber@wgwc-law.com Total Assets: $350,861 Total Liabilities: $2,160,822 The petition was signed by Brice Hancock 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/IVHQK2Y/Mile_High_Recovery_Center_LLC__cobke-26-12796__0001.0.pdf?mcid=tGE4TAMA MORRISON HOSPITAL: Hires KCP Advisory Group as Financial Advisor ---------------------------------------------------------------- Morrison Hospital Association seeks approval from the U.S. Bankruptcy Court for the District of New Hampshire to hire KCP Advisory Group, LLC as financial advisor and valuation services provider. The firm will render these services: a. assist the Debtor with filing, compliance, and administration of any case(s) commenced by the Debtor under chapter 11 of the Bankruptcy Code; b. assist the Debtor with preparing and supporting any legal actions to be undertaken by the Debtor, including but not limited to, the filing of the Bankruptcy Case and testifying on behalf of the Debtor; c. assist the Debtor in its preparation and refinement of its cash management and cash flow forecasting process, including the monitoring of actual cash flow versus projections; d. assist the Debtor in understanding the business and financial impact of various operational, financial, and strategic restructuring alternatives; e. advise the Debtor in connection with the Debtor's communications and negotiations with other parties, including patients and vendors; f. advise and assist the Debtor with respect to establishing its financial system cutoff procedures, as well as protocols for capturing pre- and post-petition financial information; g. advise and assist the Debtor in preparing filing information, first day motions and supporting documentation associated with the commencement of a potential chapter 11 bankruptcy case; h. advise the Debtor in connection with its preparation of various financial reports for submission to the Court, including the Debtor’s monthly operating reports, the Debtor's schedules of assets and liabilities, and statements of financial affairs, and, as agreed, such other reports that may be requested by parties-in-interest; i. assist the Debtor in its evaluation of and reconciliation of disputed and other claims asserted during a chapter 11 bankruptcy case; j. assist the Debtor in its review and assessment of executory contracts; k. advise the Debtor in connection with its Court hearings and meetings on matters within the scope of the Services to be performed under the Engagement Agreement; and l. provide advice and assistance concerning employee retention and severance issues; m. provide advice and recommendations with respect to other related matters as the Debtor may request from time to time, as agreed to by KCP; n. advise and assist the Debtor with development, confirmation and consummation of a plan of reorganization in the Bankruptcy Case; o. advise and assist in establishing a deadline for the filing of proofs of claims in the Bankruptcy Case and a process for evaluating and resolving claims; and p. accomplish the Debtor's overall goals of promptly and efficiently confirming and consummating its plan of reorganization in the Bankruptcy Case. The firm's hourly billing rates will range from $157.50 to $525. Notably, KCP has agreed that its combined blended rate will not exceed $400 per hour. As disclosed in the court filings, KCP Advisory Group, LLC is a "disinterested person" as such term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul S. Valentine KCP Advisory Group, LLC 700 Technology Park Drive Billerica, MA 01821 Tel: (781) 328-1631 Email: pvalentine@kcpadvisory.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, Esq. at Sheehan, Phinney, Bass + Green, PA. MORRISON HOSPITAL: Taps Sheehan Phinney Bass as Bankruptcy Counsel ------------------------------------------------------------------ Morrison Hospital Association seeks approval from the U.S. Bankruptcy Court for the District of New Hampshire to hire Sheehan Phinney Bass & Green, P.A. as general bankruptcy counsel. The firm's services include: a. advising the Debtor with regard to the requirements of the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules, Local Rules, and the Office of the United States Trustee, as they pertain to the Debtor; b. advising the Debtor with regard to certain rights and remedies of the bankruptcy estate and rights, claims, and interests of creditors and bringing such claims as the Debtor, in its business judgment, decides to pursue; c. representing the Debtor in any proceeding or hearing in the Bankruptcy Court involving the estate; d. conducting examinations of witnesses, claimants, or adverse parties, and representing the Debtor in any adversary proceeding; e. reviewing and analyzing various claims of the Debtor's creditors and treatment of such claims and preparing, filing, or prosecuting any objections thereto or initiating appropriate proceedings regarding leases or contracts to be rejected or assumed; f. preparing and assisting the Debtor with the preparation of reports, applications, pleadings, motions, and orders, including, but not limited to, applications to employ professionals, interim statements and operating reports, initial filing requirements, schedules and statements of financial affairs, cash collateral motion papers, and motions with respect to the Debtor's use of estate property (to the extent necessary); g. assisting the Debtor in the negotiation, formulation, preparation, and confirmation of a plan; and, h. performing any other services that may be appropriate in Sheehan's representation of the Debtor as general bankruptcy counsel in the case. The firm will be paid as follows: Christopher M. Candon, Attorney $600 per hour James S. LaMontagne, Attorney $525 per hour Andrew Eills, Attorney $575 per hour Jennifer S. Tamkin, Attorney $320 per hour Mr. Candon assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Christopher M. Candon, Esq. James S. LaMontagne, Esq. Jennifer S. Tamkin, Esq. Sheehan Phinney Bass & Green, P.A. 1000 Elm Street, 17th Floor Manchester, NH 03101 Phone: (603) 668-0300 Email: ccandon@sheehan.com jlamontagne@sheehan.com jtamkin@sheehan.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, Esq. at Sheehan, Phinney, Bass + Green, PA. MOTOS AMERICA: Seeks to Hire Ampleo as Financial Professional ------------------------------------------------------------- Motos America, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Utah to employ Ampleo Turnaround and Restructuring LLC as financial professional. The firm will advise and consult with the Debtor concerning the general plan and reorganization necessary to operate its dealerships, as well as regular reporting requirements and other items. The firm will be paid at its hourly rate of $125 to $425. Matt Christensen, a managing partner at Ampleo Turnaround and Restructuring, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matt Christensen Ampleo Turnaround and Restructuring LLC 2701 North Thanksgiving Way, Suite 100 Lehi, UT 84043 Telephone: (801) 404-2620 About Motos America Inc. Motos America Inc. is a Salt Lake City, Utah-based motorcycle dealership group. Motos America Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27834) on December 31, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Peggy Hunt handles the case. The Debtor is represented by Russell S. Walker, Esq., at Pearson Butler, PLLC. MOUNTAIN PROVINCE: S&P Downgrades ICR to 'CCC-', Outlook Negative ----------------------------------------------------------------- S&P Global Ratings lowered its long-term issuer credit rating on Canada-based Mountain Province Diamonds Inc. (MPV) and its issue-level rating on its senior secured second-lien notes due December 2027 to 'CCC-' from 'CCC'. The negative outlook indicates the potential for a downgrade within the next six months if MPV defaults or announces a debt restructuring that S&P considers to be distressed. Challenging diamond market conditions have significantly pressured MPV's financial performance, leading to a sizable free operating cash flow deficit in 2025 and depleted liquidity. S&P said, "With minimal available liquidity and relatively large financial obligations due within the next few months, we see a higher likelihood of a default or distressed restructuring in the near term. "The downgrade reflects a higher likelihood of a near-term default or debt restructuring that we could consider to be distressed. Over the next few months, MPV is facing significant debt maturities and financial obligations that it has yet to address. These include a C$33 million working-capital facility and a US$40 million bridge credit facility due April 30, 2026." There's also close to C$100 million of payments under in-kind election notices from its joint-venture partner, De Beers Canada Inc., due starting in mid-May 2026, about C$70 million of interest on the secured notes in June 2026 (including 2025 deferred interest), and about C$20 million under decommissioning obligations in June 2026. The company has minimal cash on its balance sheet (about C$2.3 million as of Dec. 31, 2025) and no availability under its credit facilities. S&P said, "Moreover, we don't expect any meaningful cash-flow generation in the near term because of challenging diamond market conditions. In our view, MPV remains vulnerable and dependent on improved operating and financial results to service and repay its debt and financial obligations. We believe the company is facing a liquidity shortfall in the near term, which increases the likelihood of a default or distressed debt restructuring within the next few months." Rough diamond prices averaged about $60 per carat in 2025 (down from $72 per carat in 2024) and we expect the prices will continue to remain weak, including the impact from the rising market share of cheaper lab-grown diamonds. S&P said, "Still, we expect MPV's 2026 EBITDA will be significantly higher than 2025's negative C$63 million, primarily due to higher expected production as per the mine plan. However, debt to EBITDA will remain elevated at about 6x in 2026. MPV's transition to higher-grade NEX kimberlite bodies in 2025 should improve production and operating cash flow this year compared with 2025. Nevertheless, our cash-flow estimates will remain sensitive to relatively modest changes in our key assumptions." In particular, the diamond market is generally opaque relative to many commodities, and rough diamond prices have historically been volatile. The company relies exclusively on cash flow from its 49% share of the rough diamond production from the Gahcho Kue mine, which exposes it to unexpected operating disruptions. S&P said, "The negative outlook indicates the potential for a downgrade within the next six months if MPV defaults or announces a debt restructuring transaction that we consider to be distressed. "We could lower the rating if MPV announces a debt restructuring that we consider to be distressed or if it misses any principal or interest payments. "We could raise the rating if we no longer view a default scenario as inevitable over the next six months. This could occur if, for instance, the company secures alternative financing that we expect will ease refinancing risk." MOUNTAIN REGIONAL: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Mountain Regional Equipment Solutions, LLC received final approval from the U.S. Bankruptcy Court for the District of Utah to use cash collateral to pay operating expenses. Under the order, the Debtor is authorized to use cash collateral until June 2 in accordance with the latest budget, with total expenses adjustable up to 10%. The Debtor may carry over any unused budgeted amount. Secured lenders including Convergent Capital Partners IV, L.P., Rand Capital Corporation, and Convergent, as successor to Hillcrest Bank, assert perfected liens on the Debtor's assets, including cash collateral. As adequate protection for any diminution in the value of their collateral, secured lenders will receive replacement liens on post-petition assets of the same type and priority as their pre-petition collateral. These replacement liens exclude avoidance actions and related bankruptcy claims. The order preserves all parties' rights including the Debtor's right to challenge the lenders' claims or liens. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/xpgog from PacerMonitor.com. Convergent, as secured creditor, is represented by: James M. Jorissen, Esq. Taft Stettinius & Hollister, LLP 2200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Telephone: (612) 977-8400 Facsimile: (612) 977-8650 jjorissen@taftlaw.com -and- Connor D. Hicks, Esq. Taft Stettinius & Hollister LLP 301 E 4th Street, Suite 2800 Cincinnati, OH 45202 Telephone: (513) 357-8752 Facsimile: (513) 381-0205 cdhicks@taftlaw.com -and- Jeremy C. Sink, Esq. Justin R. Pitcher, Esq. Kirton McConkie KeyBank Tower 36 S. State St., Suite 1900 Salt Lake City, UT 84111 Telephone: (801) 328-3600 Facsimile: (801) 321-4893 jsink@kmclaw.com jpitcher@kmclaw.com About Mountain Regional Equipment Solutions LLC Mountain Regional Equipment Solutions, LLC supplies and services automated lubrication systems, safety systems, and maintenance products used in heavy mobile equipment and industrial machinery. It serves customers across construction, mining, transportation, agriculture, and industrial markets, with operations based in Salt Lake City, Utah. Mountain Regional Equipment Solutions sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27678) on December 19, 2025, listing between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Todd Miceli, manager, signed the petition. Jeffrey L. Trousdale, Esq., at Cohne Kinghorn, P.C., represents the Debtor as legal counsel. MR. BUBBLES AURORA: Court Extends Cash Collateral Access to May 17 ------------------------------------------------------------------ Mr. Bubbles Aurora-1, LLC received sixth interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use the cash collateral of Patriot Bank and the U.S. Small Business Administration. The court authorized the Debtor to use cash collateral from April 17 to May 17 in accordance with its budget, plus up to 10% of the expense payments. As protection, Patriot Bank and the SBA will be granted replacement liens on all property of the Debtor, with the same validity, priority, and extent as their pre-bankruptcy liens. The Debtor must allow the secured creditors to inspect books and records, maintain adequate insurance, keep the collateral in good repair, and provide evidence of collateral upon request. The interim order is available at https://shorturl.at/5uvsn from PacerMonitor.com. A further hearing is scheduled for May 11. The Debtor's business operates from property owned by an affiliated entity, 2903 Kirk Rd. LLC, which is also in Chapter 11, and both entities share common ownership and creditors. The Chapter 11 filing was prompted by litigation involving Patriot Bank. As of the petition date, the Debtor held $12,864 in cash collateral, which Patriot Bank and the SBA claim as secured creditors, with the bank asserting approximately $5 million in secured debt. About Mr. Bubbles Aurora-1 LLC Mr. Bubbles Aurora-1 LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18469) on December 1, 2025. In the petition signed by Kyle Evans, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Scott R. Clar, Esq., at Crane, Simon, Clar & Goodman, represents the Debtor as legal counsel. MULTI-COLOR CORP: Comm Taps Berkeley Research as Financial Advisor ------------------------------------------------------------------ The official committee of unsecured creditors of Multi-Color Corporation and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Berkeley Research Group, LLC, as its financial advisor. The firm will render these services: a) develop strategies to maximize recoveries from the Debtors' assets and advise and assist the Committee with such strategies; b) monitor liquidity and cash flows throughout the Cases and scrutinize cash disbursements and capital requirements; c) develop and issue periodic monitoring reports to enable the Committee to effectively evaluate the Debtors' performance relative to projections and any relevant operational issues; d) advise and assist the Committee in its analysis and monitoring of the historical, current and projected financial affairs of the Debtors; e) advise and assist the Committee with respect to any Debtor-in-possession financing arrangements and/or use of cash collateral including evaluation of asserted liens thereon; f) analyze both historical and ongoing intercompany and/or related party transactions and/or material unusual transactions of the Debtors and non-debtor affiliates; g) advise and assist the Committee in its assessment of the Debtors' employee needs and related costs, including any recent (including prepetition) employee bonuses or retention payments and any proposed employee bonuses such as any proposed Key Employee Incentive Plan or Key Employee Retention Plan for the Debtors' insiders and employees, and providing expert testimony related thereto; h) evaluate the Debtors' and non-debtors' business plan/operational restructuring, including the impact of industry trends, customer programs, and their impact to actual and forecasted financial results as well as monitoring the implementation of related strategic initiatives; i) assess the Debtors' international operations and the impact on the Debtors and their estates; j) prepare valuations of the Debtors' assets, including the value of equity of any consolidated and/or publicly traded subsidiary; k) advise and assist the Committee in reviewing and evaluating any court motions (including any assumption or rejection motions or objections thereto), applications, or other forms of relief filed or to be filed by the Debtors, or any other parties-in-interest; l) advise and assist the Committee and Counsel in their review of any potential prepetition liens of secured parties; m) advise the Committee with respect to any potential preference payments, fraudulent conveyances, and other potential causes of action that the Debtors' estates may hold against insiders and/or third parties and assist with any investigations related to such matters as required; n) identify and assess the value of unencumbered assets; o) as appropriate and in concert with the Committee's other professionals, analyze and monitor any sale processes and transactions and assess the reasonableness of the process and the consideration received; p) assist with the development and review of a cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; q) monitor the Debtors' claims management process, including analyzing guarantees and claims by entity, including preparing related summaries; r) review and provide analysis of any bankruptcy plan and disclosure statement relating to the Debtors including, if applicable, the development and analysis of any bankruptcy plans proposed by the Committee to assess their achievability; s) attend Committee meetings, court hearings, and auctions as may be required; t) work with the Debtors' tax advisors to ensure that any restructuring or sale transaction is structured to minimize tax liabilities to the estate as well as assist with the review of any tax issues associated with, for example, claims/stock trading, preservation of net operating losses, and refunds from any plan of reorganization and/or asset sales; u) work with the Debtors' bankruptcy professionals; and v) provide other services as may be requested from time to time by the Committee and its counsel, consistent with the role of a financial advisor including rendering expert testimony, issuing expert reports and/or preparing for litigation, valuation and/or forensic analyses that have not yet been identified but as may be requested from time to time by the Committee and its Counsel. The current standard hourly rates for BRG Personnel are: Managing Directors $1,080 to $1,450 Associate Directors & Directors $950 to $1,150 Professional Staff $475 to $925 Support Staff $195 to $415 David Galfus $1,450 Christopher Kearns $1,450 Evan Hengel $1,350 BRG has agreed to a 10 percent discount on its professional fees. David Galfus, a managing director at Berkeley Research Group, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David Galfus Berkeley Research Group, LLC 250 Pehle Avenue, Suite 301 Saddle Brook, NJ 07663 Tel: (201) 587-7117 Cell: (201) 888-6733 Email: dgalfus@thinkbrg.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. MULTI-COLOR CORP: Comm. Pachulski Stang Ziehl & Jones as Counsel ---------------------------------------------------------------- The official committee of unsecured creditors of Multi-Color Corporation and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Pachulski Stang Ziehl & Jones LLP as its counsel. The firm's services include: a. assisting, advising, and representing the Committee in its consultations with the Debtors regarding the administration of these Cases; b. assisting, advising, and representing the Committee with respect to the Debtors' retention of professionals and advisors with respect to the Debtors' business and these Cases; c. assisting, advising, and representing the Committee in analyzing the Debtors' assets and liabilities, investigating the extent and validity of liens and participating in and reviewing any proposed asset sales, any asset dispositions, financing arrangements, and cash collateral stipulations or proceedings; d. assisting, advising, and representing the Committee in any manner relevant to reviewing and determining the Debtors' rights and obligations under leases and other executory contracts; e. assisting, advising, and representing the Committee in investigating the acts, conduct, assets, liabilities, and financial condition of the Debtors, the Debtors' operations, and the desirability of the continuance of any portion of those operations, and any other matters relevant to the Cases or to the formulation of a plan; f. assisting, advising, and representing the Committee in connection with any sale of the Debtors' assets; g. assisting, advising, and representing the Committee in its participation in the negotiation, formulation, or objection to any plan of liquidation or reorganization; h. assisting, advising, and representing the Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Committee; i. assisting, advising, and representing the Committee in the evaluation of claims and on any litigation matters, including avoidance actions; and j. providing such other services to the Committee as may be necessary in these Cases. The firm's current rates are: Partners/Counsel $1,150 to $2,695 per hour Associates $725 to $1,350 per hour Paralegals $625 to $695 per hour The firm will seek reimbursement of out-of-pocket expenses. The firm provides the following responses to the questions set forth in Part D of the Appendix B Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under United States Code by Attorneys in Larger Chapter 11 Cases (the "Revised UST Guidelines"): Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and reasons for the difference. Response: PSZ&J did not represent the client in the 12 month period prepetition. Question: Has your client approved your respective budget and staffing plan, and, if so, for what budget period? Response: The firm anticipates that the Committee's professional fees will be initially governed by the Debtor in Possession Financing order and budget approved in these cases. Bradford J. Sandler, Esq., a partner at Pachulski Stang Ziehl & Jones LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradford J. Sandler, Esq. Robert J. Feinstein, Esq. Pachulski Stang Ziehl & Jones LLP 1700 Broadway, 36th Floor New York, NY 10019 Telephone: (212) 561-7700 Facsimile: (212) 561-7777 Email: bsandler@pszjlaw.com rfeinstein@pszjlaw.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. MZS PROPERTIES: Court Extends Cash Collateral Access to May 5 ------------------------------------------------------------- MZS Properties, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The court authorized the Debtor to use cash collateral until May 5 under the terms set by the bankruptcy court in its prior orders. A status hearing is scheduled for May 5. MZS' principal asset is real estate in Chicago, Ill., secured by a mortgage in which the initial lender was Sharestates Investments, DACL LLC. Sharestates holds a first priority lien on the property in the initial amount of $113,000. The lender claims it is owed $226,211 as of the petition date. Rents collected from the property are the Debtor's sole source of revenue. The value of the property is scheduled at $325,000. About MZS Properties MZS Properties, LLC filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-01523) on January 31, 2025, listing up to $500,000 in both assets and liabilities. Mouzma Syed, manager of MZS Properties, signed the petition. Judge Jacqueline Cox oversees the case. Bradley Foreman, Esq., at the Law Offices of Bradley H. Foreman, P.C., is the Debtor's bankruptcy counsel. Sharestates Investments, DACL LLC, as lender, is represented by: Timothy R. Yueill, Esq. Law Offices of Ira T. Nevel, LLC 175 N. Franklin St., Ste. 201 Chicago, IL 60606 Telephone: 312-357-1125 TimothyY@nevellaw.com NATIONWIDE TREE: Gets Extension to Access Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida entered a fourth interim order authorizing Nationwide Tree Service, LLC to use cash collateral. The court authorized the Debtor to use the cash collateral of the U.S. Small Business Administration, Financial Pacific Leasing, LLC, Corporation Service Company (as representative), and Quaint Oak Bank, subject to a court-approved budget. The Debtor may pay ordinary and necessary operating expenses within the budget, with up to a 10% variance per line item, but may not pay insider or professional compensation without further court approval. The budget shows total operational expenses of $267,141 for April. As adequate protection, the secured creditors will be granted post-petition replacement liens on cash collateral with the same validity, priority, and extent as their pre-bankruptcy liens, without the need for additional filings. Additionally, the Debtor must continue its monthly payments of $731 to the SBA. Nationwide Tree Service must also comply with all debtor-in-possession duties, maintain required insurance, provide financial reporting upon request, and allow reasonable access to business records and premises. The order is entered without prejudice to future challenges to lien validity or requests for modified adequate protection, including by any creditors' committee that may be appointed. The next hearing is scheduled for May 6. The order is available at https://shorturl.at/Nlid9 from PacerMonitor.com. About Nationwide Tree Service Nationwide Tree Service, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00450) on January 21, 2026, listing up to $50,000 in assets and liabilities. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. NAVA HEALTH: Committee Hires Hirschler Fleischer as Legal Counsel ----------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of NAVA Health MD, Inc. and its affiliates seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Hirschler Fleischer, PC as counsel. The firm will render these services: (a) provide legal advice where necessary with respect to the committee's powers and duties and strategic advice on how to accomplish its goals; (b) draft, review and comment on drafts of documents to ensure compliance with local rules, practices and procedures; (c) assist and advise the committee in its consultation with the U.S. Trustee relative to the administration of these Chapter 11 cases; (d) draft, file and serve documents as requested by the committee; (e) assist the committee in the investigation (including through discovery) of the acts, conduct, assets, liabilities and financial condition of the Debtors, the operation of their businesses, and any other matter relevant to these Chapter 11 cases or to the formulation of a plan or plans of reorganization or liquidation or a sale of their assets; (f) compile and coordinate delivery to the Court and the U.S. Trustee information required by the Bankruptcy Code, Bankruptcy Rules, Local Rules and any applicable U.S. Trustee Guidelines and/or requests; (g) appear in Court and at any meetings of creditors on behalf of the committee; (h) monitor the case docket and coordinate with any other professional retained by the committee on matters impacting the committee; (i) participate in calls with the committee; (j) prepare, update and distribute critical dates memoranda and working group lists; (k) handle inquiries and calls from creditors and counsel to interested parties regarding pending matters and the general status of these Chapter 11 cases and provide any necessary responses; (l) assist the committee in analyzing the claims of the Debtors' creditors and their capital structure and in negotiating with the holders of claims and, if appropriate, equity interests; (m) assist the committee in its analysis of, and negotiations with the Debtors or any other third parties concerning matters related to, among other things, the assumption or rejection of certain leases of non-residential real property and executory contracts, asset dispositions, financing transactions and the terms of a plan of reorganization or its liquidation; (n) assist and advise the committee as to its communications, if any, to the general creditor body regarding significant matters in these Chapter 11 cases; (o) review, analyze and advise the committee with respect to applications, orders, statements of operations and schedules filed with the Court; (p) provide additional support other committee professionals and the committee, as requested; and (q) perform such other legal services as may be required or are otherwise deemed to be in the interests of the committee in accordance with its powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules or other applicable law. The firm's counsel will be paid at these hourly rates: Lawrence Katz, Attorney $700 Kristen Burgers, Attorney $595 Allison Klena, Attorney $400 Kollin Bender, Attorney $375 In addition, the firm will seek reimbursement for expenses incurred. Mr. Katz disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lawrence A. Katz, Esq. Hirschler Fleischer, PC 2100 East Cary Street Richmond, VA 23223 Telephone: (804) 771-9500 About NAVA Health MD Inc. Nava Health MD, Inc. operates in the functional medicine, longevity, and wellness sector, providing personalized, integrative care through physical centers and digital platforms. Through its management of Nava Health Medical Group, LLC, the company offers physician-supervised hormone optimization, nutrition, IV therapy, diagnostic testing, and wellness programs aimed at improving health span and biological-age markers. NAVA Health MD, Inc. and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10497) on March 1, 2026. At the time of the filing, NAVA Health MD had estimated assets of between $1,000,001 to $10 million and liabilities of between $10,000,001 to $50 million. Judge Brian F. Kenney oversees the case. Henry & O'Donnell, PC is Debtors' legal counsel. On April 1, 2026, the Office of the United States Trustee for the Eastern District of Virginia appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Hirschler Fleischer, PC as counsel. NMR ENTERPRISES: Court OKs Continued Cash Collateral Access ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey issued a third interim order allowing NMR Enterprises NJ, LLC and Online Stores PA, LLC to continue using cash collateral and obtain post-petition financing to get through bankruptcy. Under the court order, the Debtors are authorized to use cash collateral strictly according to a court-approved budget from April 11 through May 8. The court also granted adequate protection to the primary secured lender, First National Bank of Pennsylvania, which had previously extended up to $7 million in revolving credit to Online Stores PA under a 2020 credit agreement. To protect the lender's interest, the Debtors must provide replacement liens on post-petition collateral and make an interest-only payment at the default rate under the pre-petition loan documents. The lender may also receive a superpriority administrative expense claim if its collateral value declines during the bankruptcy. In addition, the Debtors are authorized to obtain debtor-in-possession (DIP) financing of up to $200,000 during the interim period. The DIP lender will receive a second-priority security interest in the Debtors' collateral and a superpriority administrative claim for obligations under the DIP loan. The financing is intended to support ongoing operations and restructuring efforts while the Debtors remain under bankruptcy protection. The court also established procedures for challenging the lender's liens and required the Debtors to provide regular financial reporting, including daily borrowing-base certificates and accounts receivable reports, as well as weekly inventory, accounts payable, and sales platform reports from Shopify and Amazon. A final hearing is scheduled for May 12. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/CbW13 from PacerMonitor.com. About NMR Enterprises NJ LLC NMR Enterprises NJ, LLC and Online Stores PA, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-11349) on February 5, 2026. At the time of the filing, NMR reported assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million while Online Stores reported assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. The Debtors tapped Ilana Volkov, Esq., at McGrail & Bensinger, LLP, as legal counsel and CFGI, LLC as financial advisor. NORTH COUNTY PIZZA: Gets Final OK to Use Cash Collateral -------------------------------------------------------- North County Pizza, Inc. received final approval from the U.S. Bankruptcy Court for the Southern District of California to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay its ordinary and customary operating expenses, including the expenses listed in its budget. The Debtor is allowed flexibility to exceed any single budget line item by up to 15%, provided that the total budget is not exceeded by more than 15%. The Debtor may also carry forward unused budgeted amounts into future months. As adequate protection for secured creditors, the court granted them replacement liens on all pre-petition and post-petition assets, including profits and proceeds, but only to the extent the value of their collateral is diminished by the Debtor's use of cash collateral. The replacement liens carry the same validity, extent, and priority as the creditors' pre-petition liens. However, the liens do not apply to bankruptcy avoidance claims or causes of action under sections 544, 545, 547, 548, 553(b), or 723(b) of the Bankruptcy Code. All third parties that hold or process customer payments or accounts connected to the Debtor's business are directed to remit those funds directly to the Debtor despite competing demands from other creditors. If any purported secured creditor objects to the Debtor's use of cash collateral, the Debtor may continue using funds under the approved budget while the court later determines that creditor's interest under section 506. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/mvssduk2 from PacerMonitor.com. About North County Pizza Inc. North County Pizza, Inc. operates a Domino's Pizza franchise in Oceanside, California, managing daily restaurant operations, including food preparation and delivery. The privately held company serves the local community with a small, hands-on management team. North County Pizza sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Calif. Case No. 26-00968) on March 11, 2026, listing up to $500,000 in assets and up to $10 million in liabilities. Shane Casey, president of North County Pizza, signed the petition. Richard Sturdevant, Esq., at Financial Relief Law Center, APC, represents the Debtor as bankruptcy counsel. OHEL BAPAZ: Hires Harris Law Firm PC as Bankruptcy Counsel ---------------------------------------------------------- Ohel Bapaz, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Harris Law Firm, PC as its legal counsel. The firm will render these services: a. take all necessary action to protect and preserve the estate, including, if required by the facts and circumstances, the prosecution of actions and adversary or other proceedings on the estate's behalf; the defense of any actions and adversary or other proceedings against the estate; negotiations concerning all disputes and litigation in which the estate is involved, and, where appropriate, the filing and prosecution of objections to claims filed against the estate; b. prepare, on behalf of the estate, all necessary applications, motions, answers, orders, briefs, reports and other papers in connection with the administration of the estate; c. develop, negotiate and promulgate a plan; and d. perform all other legal services requested. The firm will charge these hourly rates: Justin Harris Attorney $375 Felicia Garcia Legal Assistant $100 Stuart Webb Legal Assistant $85 Prior to the petition date, Harris received a retainer in the sum of $50,000. Harris does not hold or represent any interests adverse to the Debtor and its estate, according to court filings. The firm can be reached through: Justin D. Harris, Esq. Harris Law Firm, PC 7110 N. Fresno St., Suite 400 Fresno, CA 93720 Tel: (559) 272-5700 Fax: (559) 554-9989 Email: jdh@harrislawfirm.net About Ohel Bapaz, LLC Ohel Bapaz, LLC is a California-registered limited liability company that owns and manages agricultural land in Los Banos, California, including multiple parcels in Merced County. The company's operations are focused on farming and other agricultural activities on these properties. Ohel Bapaz, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal. Case no. 26-11030) on March 11, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Justin D. Harris, Esq. at HARRIS LAW FIRM, PC serves as the Debtor's counsel. OLIVE BRANCH: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, entered an interim order authorizing Olive Branch Hospice, LLC to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral from April 17 until the final hearing scheduled for May 19. The Debtor has loan relationships with Kapitus, Peapack-Gladstone Bank, Lendistry, Newtek Bank, Rapid Finance, Fintegra, and possibly other lenders. These lenders may claim security interests in the Debtor's personal property and revenue generated from the business. As adequate protection, any lender or secured creditor holding valid pre-bankruptcy liens or rights of setoff will receive replacement liens on post-petition property similar to its pre-bankruptcy collateral but only to the extent of any decline in the value of the cash collateral. These replacement liens do not apply to proceeds of Chapter 5 avoidance actions. The order does not determine whether any lender actually holds a valid lien and all parties' rights to dispute such claims are preserved. The order is available at https://is.gd/JmXaol from PacerMonitor.com. About Olive Branch Hospice, LLC Olive Branch Hospice, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Geo. Case No. 26-20503) on April 14, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Kimberly Griffith as chief executive officer. Judge Hon. James R. Sacca oversees the case. The Debtor is represented by: Jonathan D. Clements, Esq. Rountree Leitman Klein & Geer, LLC Tel: 404-584-1238 Email: jclements@rlkglaw.com OLIVE BRANCH: Hires Rountree Leitman Klein & Geer as Attorney ------------------------------------------------------------- Olive Branch Hospice, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as its attorneys. The firm will render these services: (a) give the Debtor legal advice with respect to its powers and duties in the management of its property; (b) prepare on behalf of the Debtor necessary legal papers; (c) assist in examination of the claims of creditors; (d) assist with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) perform all other legal services for the Debtor that may be necessary. The firm will be paid at these proposed hourly rates: Attorney: William A. Rountree $645 Will B. Geer $645 Michael Bargar $555 Hal Leitman $475 David S. Klein $545 Elizabeth Childers $445 Ceci Christy $475 Caitlyn Powers $425 Shawn Eisenberg $445 Jonathan Clements $445 Paralegals: Dorothy Sideris $250 Catherine Williams $200 Ryley Jones $200 Megan Winokur $200 Legal Assistants $200 Law Clerk $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer of $40,000 from the Debtor. Mr. Rountree disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: William A. Rountree, Esq. Jonathan Clements, Esq. Century I Plaza 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Tel: (404) 584-1238 Email: wrountree@rlkglaw.com jclements@rlkglaw.com About Olive Branch Hospice LLC Olive Branch Hospice, LLC a licensed hospice provider serving the greater Atlanta, Georgia area. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20503) on April 6, 2026. In the petition signed by Kimberly Griffith, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge James R. Sacca oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. ORLANDO CITY PLUMBING: Gets Extension to Access Cash Collateral --------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida issued a second preliminary order approving Orlando City Plumbing, LLC to use cash collateral through May 27. Under the order, the Debtor is authorized to use cash collateral to pay court-approved expenses, including U.S. Trustee fees and necessary operating expenses outlined in the budget. The Debtor is allowed a 10% variance per budget line item, and may request additional funds with creditor approval, which must not be unreasonably withheld and must be given within 48 hours. The Debtor projects total operational expenses of $121,566 for the period from April to June. As adequate protection, CHTD Company, a senior secured creditor, and potential secured creditors will be granted replacement liens on post-petition collateral, maintaining the same validity, priority, and extent as their pre-petition liens. In addition, the Debtor is required to maintain proper insurance coverage in accordance with loan and security agreements and must comply with all obligations of a debtor-in-possession under the Bankruptcy Code and court orders. The order is issued without prejudice, preserving the rights of all parties, including the ability to seek changes to adequate protection or challenge lien validity. A continued hearing is scheduled for May 27. The order is available at https://is.gd/ZDLNrv from PacerMonitor.com. About Orlando City Plumbing LLC Orlando City Plumbing, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00248) on January 15, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Lori V. Vaughan presides over the case. Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as legal counsel. P Y T-SHIRTS: Has Deal on Cash Collateral Access ------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California approved an agreement between P Y T-Shirts Silk Screening Co. Inc. and the U.S. Small Business Administration regarding the use of cash collateral. The Debtor filed for bankruptcy on February 22, 2026, and had previously obtained an SBA Economic Injury Disaster Loan that originated in September 2020 in the amount of $150,000 and was later increased in July 2021 to a total of $500,000. The loan bears interest at 3.75% annually and is structured as a long-term obligation with monthly payments of $2,536 beginning after a 24-month deferment period. As of the petition date, the outstanding balance was approximately $500,847.99. The loan was issued for working capital to address economic injury from the COVID-related disaster period and is secured by a broad security interest in substantially all of the Debtor's personal property, including inventory, equipment, accounts, deposit accounts, receivables, general intangibles, and proceeds, perfected through a UCC-1 filing and later amendment. Because of this security interest, the SBA asserts rights in the Debtor's cash collateral, and the parties agree to allow the Debtor limited use of that cash collateral through June 30 to fund ordinary and necessary post-petition business expenses. In exchange, the SBA receives several forms of adequate protection. First, the SBA is granted a replacement lien on post-petition revenues and assets to the extent the value of its collateral is diminished by the Debtor’s use of cash collateral, with such lien deemed automatically perfected and enforceable as of the petition date. This replacement lien does not extend to avoidance actions or other bankruptcy estate claims. Second, the Debtor must make ongoing adequate protection payments of $2,536 per month beginning April 1, 2026, consistent with the original loan payment terms, with payments made through the SBA’s designated portal. The stipulation further provides that the SBA will hold a superpriority claim under 11 U.S.C. sections 503(b) and 507(b) for any diminution in collateral value caused by the use of cash collateral, giving it priority over most other administrative claims. The Debtor is restricted from using cash collateral for insider payments unless strict bankruptcy requirements are satisfied and must comply with ongoing financial reporting obligations, including monthly operating reports. The Debtor is also required to maintain insurance on collateral and name the SBA as loss payee or additional insured. The agreement preserves the SBA's full rights under the loan documents, explicitly stating that nothing in the stipulation constitutes a waiver of defaults, modification of loan terms, or relinquishment of remedies such as acceleration or foreclosure. The SBA retains the right to object to any reorganization plan, seek additional adequate protection, and enforce its rights if the Debtor defaults. The stipulation may be extended or modified only by written agreement or court order and remains in effect until June 30, confirmation of a plan, or earlier case dismissal or conversion. A hearing on the matter is set for June 18, at 1 p.m. A copy of the stipulation is available at https://urlcurt.com/u?l=NtUZ2x from PacerMonitor.com. About P Y T-Shirts Silk Screening Co. Inc. P Y T-Shirts Silk Screening Co. Inc. operates a long-standing t-shirt imprinting and silk-screening business in the City of Vernon. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal Case No. 2:26-bk-11613-DS) on February 22, 2026. The Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Deborah J. Saltzman oversees the case. Stella Havkin, Esq. represents the Debtor as legal counsel. PARADISE LAND: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Paradise Land LLC 12862 Oliver Ln Madison, AL 35756 Business Description: Paradise Land LLC operates Paradise Homes Park, a residential mobile home park in Boaz, Alabama that provides lots and mobile home housing with common areas, security cameras, designated storage, and enclosed space. The community also offers water, sewer, and electricity connections, paved roads, and housing financing arrangements through Zippy Home Loans and Triad Financial Services. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 26-80915 Judge: Hon. Clifton R Jessup Jr Debtor's Counsel: Stuart Maples, Esq. THOMPSON BURTON PLLC 200 Clinton Ave, W. Huntsville, AL 35801 Tel: (256) 489-9779 Email: smaples@thompsonburton.com Total Assets: $2,268,238 Total Liabilities: $1,983,478 The petition was signed by Anthony D. Moreno Bernabel as partner. The Debtor stated in the petition that it does not have any unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NUIEKAQ/Paradise_Land_LLC__alnbke-26-80915__0001.0.pdf?mcid=tGE4TAMA PAXTON & ASSOCIATES: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Paxton & Associates Trucking, LLC 2630 Raber Road Uniontown, OH 44685 Business Description: Paxton & Associates Trucking, LLC, based in Uniontown, Ohio, operates as a trucking company providing general freight transportation services. It serves commercial customers and operates on local and intrastate routes. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Northern District of Ohio Case No.: 26-50678 Judge: Hon. Alan M Koschik Debtor's Counsel: Steven J. Heimberger, Esq. RODERICK LINTON BELFANCE LLP 50 South Main Street, 10th Floor Akron, OH 44308 Tel: 330-434-3000 Email: sheimberger@rlbllp.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by John Chafe as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PLX5S3Q/Paxton__Associates_Trucking_LLC__ohnbke-26-50678__0001.0.pdf?mcid=tGE4TAMA PBMC INVESTORS: UCC Public Sale Scheduled for May 6 --------------------------------------------------- In accordance with applicable provisions of Article 9 of the Uniform Commercial Code, Moecker Auctions, Inc., as Auctioneer, on behalf of HHSS Tallahassee, LLC, a Florida limited liability company (the "Secured Party"), will offer for sale at a public auction (the "Public Sale") the right, title, and interest of PBMC Investors, LLC ("Debtor") in and to one hundred percent (100%) of the membership interests together with all rights, privileges, and interests associated therewith of PBMC JV, LLC, (the "Collateral") The Public Suction will be conducted by Eric Rubin of Moecker Auctions, Inc., on May 6, 2026 at 3:00 p.m. Eastern, virtually via the following Zoom meeting link: https://bit.ly/PBMCucc Meeting ID: 867 3406 7907 Passcode: 397955 The Public Sale is being conducted to enforce Secured Party's rights and remedies in and with respect to the Collaterals by virtue of the indebtedness of Debtor to Secured Party as a result of a default the Amended and Restated Pledge, Assignment and Security Agreement entered into as of May 15, 2025 ("Pledge") by Debtor for the benefit of Secured Party and the UCC financing statement identified below. Secured Party has a first priority security interest in the Collateral. As of March 26, 2026, the outstanding indebtedness due to the Secured Party is the amount of $1,935,859.93, including accrued interest and fees, with default interest continuing to accrue at the default rate of 13% per annum. The relevant UCC financing statement was filed on October 16, 2024, in the State of Florida Secured Transaction registry at 20240273839X. The Collateral will be sold to the highest qualified bidder (as determined by the Secured Party in accordance with the Terms of Public Sale and subject to the Terms of Sale) for cash subject to the Secured Party's right to credit bid all or any portion of the indebtedness owed. The Collateral will be offered on an "AS IS, WHERE IS" basis, with all faults, and the Secured Party makes no guarantee, representation or warranty (including, without limitation, any representation or warranty of merchantability or fitness), express or implied, including without limitation as to the existence or nonexistence of other liens or liabilities; or the quantity, quality, condition or description of the Collateral, the value of the Collateral, the Debtor's direct or indirect rights in or title to the Collateral. The transfer of the Collateral will be made without recourse and without representation or warranty by the Secured Party. The Public Sale may be canceled or continued from time to time, without further notice other than as given at the Public Sale, at the sole and absolute discretion of Secured Party. Any individual or entity interested in bidding on the Collateral must contact, Eric Rubin at erubin@moeckerauctions.com or by phone at 954-252-2887, to obtain a copy of the Terms of Public Sale and information regarding bidding instructions. Upon execution of a confidentiality and nondisclosure agreement, additional documentation and information will be made available. The Secured Party shall be a qualified bidder and shall be allowed to credit bid. PCR AGAWAM: Hires Berthiaume & Berthiaume as Special Counsel ------------------------------------------------------------ PCR Agawam LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Berthiaume & Berthiaume as special counsel. The firm will represent the Debtor in real estate transactions, particularly the sale of 21 Dwight Street, Agawam, Massachusetts. Damien Berthiaume, Esq., the primary attorney in this representation, will be billed at his hourly rate of $250, plus expenses. Mr. Berthiaume disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Damien D. Bertiaume, Esq. Berthiaume & Berthiaume P.O. Box 190 4 Elm Street North Brookfield, MA 01535 About PCR Agawam LLC PCR Agawam LLC is a Massachusetts-based limited liability company engaged in real estate ownership and investment activities. PCR Agawam LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-30101) on February 16, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor is represented by the Law Offices of Louis S. Robin. PERFORCE INTERMEDIATE: S&P Affirms 'B-' ICR, Outlook Stable ----------------------------------------------------------- S&P Global Ratings affirmed its 'B-' issuer credit rating to Perforce Intermediate Holdings LLC. S&P also affirmed its 'B-' issue-level ratings on the existing revolver and first-lien term loans (recovery ratings '3'; rounded estimate: 55%). S&P said, "The stable outlook reflects our view that Perforce will continue to modestly improve its revenue and profitability over the next 12 months, enabling it to generate positive free operating cash flow (FOCF) of more than $50 million. We expect the company's S&P Global Ratings-adjusted leverage to be about 6x in 2026." On March 31, 2026, Perforce exchanged its $300 million second-lien term loan, originally due in July 2027, for $296.7 million in new first-lien notes maturing in March 2031, with all original investors participating. The new notes are pari passu with the existing first-lien term loans and revolver, with a coupon of SOFR+600 basis points, lower than the prior second lien's coupon of SOFR+800 basis points. There were no amendments to the original terms of the first-lien credit agreement. S&P said, "We do not view this transaction as distressed exchange or selective default, considering the offsetting compensation, credit fundamentals, and timing to maturity. "We believe there's adequate offsetting compensation offered in the debt exchange. We acknowledge second-lien investors provided concessions in the exchange--the nominal principle haircut of $3.3 million on a $300 million obligation (required to satisfy a restricted payment capacity test under the existing first-lien credit agreement), the 200 basis point reduction in cash coupon, and the maturity extension. However, second-lien investors received a seniority improvement in their position within the new capital structure, moving from a subordinated second-lien claim to parity with existing first-lien creditors, which will meaningfully enhance their prospective recovery outcome relative to their pre-transaction position. On balance, S&P views the exchange offer as providing adequate offsetting compensation. S&P said, "The company's underlying credit fundamentals also serve as a positive consideration in our evaluation. Based on preliminary fiscal 2025 results, the company generated over $50 million in FOCF, achieved roughly 8% revenue growth, and meaningfully expanded margins. Its S&P Global Ratings-adjusted leverage metrics stood in the low-6x area. Liquidity at the time of the transaction was adequate, supported by $47 million in balance sheet cash, $75 million of undrawn revolver capacity due 2029, and positive ongoing FOCF. In our view, these factors would have provided the company with alternatives for addressing the second lien maturity had it not come to an agreement with the existing second lien lenders, and we believe the company's owners would have been willing to pursue these options to avoid a bankruptcy given the company's sustainable operating performance and low debt burden." Additionally, the timing of the company's actions in addressing the maturity well in advance provides further support. The second lien was originally scheduled to mature in July 2027, while the existing first-lien term loans carried a springing maturity in April 2027. By resolving the maturity a year ahead of the springing date, the company mitigated potential liquidity stress that could have arisen had it waited longer. A transaction executed with one or two quarters left until the springing would have been a stronger indication of distress. In addition, with a coupon set at SOFR plus 600 basis points, the pricing is consistent with prevailing market levels for first-lien secured facilities among similarly rated 'B-' facilities. S&P said, "The stable outlook reflects our view that Perforce will continue to modestly improve its revenue and profitability over the next 12 months, enabling it to generate positive FOCF. We expect the company's S&P Global Ratings-adjusted leverage to be about 6x, with FOCF debt of 3%-4% in 2026." S&P could lower our rating on Perforce if it believes its capital structure has become unsustainable. This could occur if: -- Competitive pressures or AI tools disrupt the company's competitive advantages, preventing it from achieving sustained growth, or it experiences operational challenges that lead to prolonged FOCF deficits; or -- Liquidity becomes constrained due to large debt-funded acquisitions, higher merger and acquisition (M&A) costs and interest expense, and reduced covenant headroom. S&P could raise its rating on Perforce if it: -- Sustains leverage of below 7x and FOCF to debt above 5%. Given the company's history of debt-financed, tuck-in M&A, we would need believe both its sponsor and management would pursue a financial policy that sustains its credit metrics at these levels through acquisition-related spikes; and -- Continues to increase its organic revenue, supported by customer wins and competitive moats, while improving its profitability and FOCF generation. PG&E CORP: S&P Upgrades ICR to 'BB+' on Decreasing Wildfire Risks ----------------------------------------------------------------- S&P Global Ratings raised its issuer credit ratings on PG&E Corp. and Pacific Gas and Electric Co. (Pac Gas) to 'BB+' from 'BB'. S&P said, "We also raised our issue-level ratings on PG&E's senior secured debt rating to 'BB+' from 'BB' (the recovery rating remains '3'; 65% estimated recovery) and its junior subordinated note rating to 'B+' from 'B'. We raised our issue-level ratings on Pac Gas' senior secured first mortgage bonds (FMBs) to 'BBB+' from 'BBB' (the recovery rating remains 1+'; 150% estimated recovery). "The stable outlooks on PG&E and Pac Gas reflect the track record on mitigating wildfires since the last major wildfire and our expectation that it will continue these efforts, as well as our expectation that consolidated funds from operations (FFO) to debt will be 13%-15% through 2028." As of year-end 2025, PG&E Corp. has gone three years without causing even a smaller wildfire, and it's been more than seven years since the catastrophic 2018 Camp Fire. S&P believes this improvement reflects management's ongoing implementation of its wildfire mitigation efforts that are reducing the company's wildfire risks. A recently published report concludes that California must pursue reforms to protect the state from wildfire risk. New reforms may include permanently strengthening the California Wildfire Fund by adding a backstop and limiting damages paid by utilities. As the largest investor-owned utility in California, holding company PG&E Corp. (PGE) and its utility Pacific Gas and Electric Co. (Pac Gas) would benefit from constructive reforms of the California Wildfire Fund. These could reduce the company's business and financial risk. S&P expects PG&E and Pac Gas to benefit from reforms. The California Earthquake Authority, administrator of the Wildfire Fund, recently issued its Natural Catastrophe Resilience Study, which published findings from the study required by Senate Bill (SB) 254. The comprehensive report concludes that California must pursue reforms to protect the state from wildfire risk and provides a societal cost/benefit analysis for pathways forward. The report addresses the financial health of utilities, including liability reform. Recommendations include: -- Increasing the Wildfire Fund; -- Adding a state backstop to reduce tail risk; -- Diversifying funding sources to align contributing factors from wildfires that would reduce the cost burden on utilities and their customers; -- Eliminating inverse condemnation for utility-caused wildfires; -- Reforming noneconomic damages and limiting exposure to punitive damages; -- Strengthening insurance coverage for homeowners and eliminating insurance subrogation; and -- Increasing resources to stop fire ignitions from turning into catastrophic wildfires. Permanently strengthening the Wildfire Fund, adding a backstop, and limiting damages paid by utilities could reduce Pac Gas' business and financial risk. In addition, reforming noneconomic and punitive damages paid by Pac Gas if a wildfire occurs in its territory would support its credit measures. S&P will continue to monitor the state's progress toward turning these recommendations into law. Access to an incremental $18 billion through SB 254 supports PG&E's credit quality. SB 254 provides the state's investor-owned utilities (IOUs) with access to an incremental $18 billion for wildfires on or after the effective legislation date. Based on the timing of contributions through 2045, however, we estimate the net present value of the continuation account provides only an incremental $10.5 billion. This could be modestly higher or lower based on key assumptions, including discount rates and securitization maturity dates. S&P expects the $10.5 billion, along with the remaining amounts after funding the Eaton Fire liabilities (which we expect will not fully consume the approximately $21 billion fund currently available for repayment), will represent only 65%-75% of the prior $21 billion fund, or $14 billion-$16 billion, sufficient to maintain PG&E's credit quality. Other credit supportive elements of SB 254 include: -- Providing IOUs with the right of first refusal in the sales of insurance subrogation claims; -- A securitization option for 2025 fires; -- Determining the liability cap based on the year of ignition; and -- Counting utility contributions toward future disallowances. While constructive, the need for a robust Wildfire Fund is essential to supporting credit quality over the longer-term. S&P said, "We expect PG&E will continue to invest in wildfire mitigation and grid modernization, including undergrounding certain electric distribution assets. We forecast annual capital spending will average $13.7 billion per year for the 2026-2028 period. This robust level of spending, along with dividends averaging $600 million per year, will result in annual discretionary cash flow deficits of $4.0 billion-$6.5 billion. This indicates a need for external funding that we believe will be incremental debt, as the company has indicated it will not issue common equity through 2030. "Under our base-case scenario, we expect PG&E's FFO to debt will be 13%-15% over the 2026-2028 period, primarily reflecting improved cash flow from operations averaging $8.8 billion per year, after a California Public Utilities Commission order in Pac Gas' general rate case. Also supporting our assessment is expected cash flow recovery from previously incurred wildfire-related spending of about $500 million through various balancing accounts. "We revised our assessment of PG&E's and Pac Gas' business risk profiles within the satisfactory category. PG&E's operational management continues to demonstrate steady improvement for reducing wildfire risk. While we expect Pac Gas' service territory will remain susceptible to wildfire conditions from climate change, reflected in persistently dry conditions and high wind events, we believe the company's wildfire mitigation strategy will consistently result in a less destructive wildfire season. PG&E is reducing wildfire risk and improving safety in its service territory through the enhanced use of technology such as enhanced powerline safety settings, identifying high-wind conditions, and installing covered conductors and underground various distribution lines in high fire threat districts, decreasing the likelihood of causing a wildfire. The company also continues to implement system hardening, improved risk modeling and planning, enhanced vegetation management, and effective utilization of public safety power shutoff events, which we assess as supportive of credit quality. PG&E is also improving situation awareness to identify wildfires, and it has effectively partnered with state agencies to decrease the likelihood of catastrophic wildfires. It also has a large wildfire fund it can access if it is the cause of a catastrophic wildfire. California IOUs are exposed to catastrophic wildfires, highlighted by the 2025 Eaton Fire and the 2018 Camp Fire. The occurrence of these severe wildfires, slightly more than six years apart, suggests the potential for continued negative impacts on California IOUs' credit quality due to escalating wildfire risks. While multibillion-dollar investments such as system hardening and situational awareness aimed at mitigating wildfire risk are beneficial, they do not completely eliminate the possibility of a catastrophic event. A single, devastating wildfire could significantly impair a utility's financial performance and trigger a multi-notch downgrade in the credit rating. S&P believes such high risks faced by California's IOUs can only be ultimately reduced through a large wildfire fund with an automatic replenishing mechanism along with liability caps. The stable outlooks on PG&E and Pac Gas reflect their more recent wildfire mitigation track record and our expectations for continued progress on its wildfire mitigation efforts. Under its base case, S&P expects FFO to debt will be 13%-15% through 2028. S&P could lower ratings on PG&E and Pac Gas if risks increase, which could occur if: -- The company causes a catastrophic wildfire; -- The balance in the Wildfire Fund on a net-present value basis is below $11 billion; -- Business risk increases, including weakening management of regulatory risk; or -- FFO to debt weakens to consistently below 12%. S&P could raise its ratings on PG&E and Pac Gas over the next 12 months if business risk is maintained and: -- California enacts legislation that materially reduces wildfire-related risks to utilities; or -- The balance in the Wildfire Fund on a net-present value basis is consistently at or greater than $16 billion, while maintaining current financial measures; or -- Its FFO to debt is consistently greater than 16%. PICO-UNION HOUSING: Hires Golden Goodrich as Bankruptcy Counsel --------------------------------------------------------------- Pico-Union Housing Corporation seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Golden Goodrich LLP as general counsel. The firm will render these services: 1. advise the Debtor with respect to the requirements and provisions of the Bankruptcy Code, Federal Rules of Bankruptcy Procedure, Local Bankruptcy Rules, U.S. Trustee Guidelines, and other applicable requirements which may affect the Debtor; 2. assist the Debtor in preparing and filing Schedules and Statement of Financial Affairs and any amendments thereto, complying with and fulfilling U.S. Trustee requirements, and preparing other documents as may be required after the initiation of a Chapter 11 case; 3. represent the Debtor at the initial debtor interview and the Sec. 341(a) meeting of creditors, and any continuances thereof; 4. assist the Debtor in identifying and, to the extent necessary, obtaining Court approval of the employment of a financial advisor; 5. assist the Debtor in negotiations with creditors and other parties-in-interest; 6. assist the Debtor in the preparation of a disclosure statement and formulation and confirmation of a Chapter 11 plan; 7. advise the Debtor concerning the rights and remedies of the estate and of the Debtor in regard to adversary proceedings which may be removed to, or initiated in, the Court, and assist the Debtor, if appropriate and so long as the firm's scope of representation in any adversary proceeding is approved by the Debtor and the Court, in retaining special counsel to litigate such adversary proceedings; 8. advise the Debtor in recovering money or other property levied by third parties; 9. advise and pursue any claims of the Debtor under Chapter 5 of the Bankruptcy Code; 10. prepare all motions, applications, orders, reports, and papers on behalf of the Debtor that are necessary to the administration of the Case; 11. represent the Debtor before the Court, but excluding any adversary proceedings where the Debtor is not the plaintiff, unless the Court has approved an amended application which expands the Firm's representation of the Debtor in that proceeding or proceedings; and 12. otherwise provide those services to the Debtor as are generally provided by general insolvency counsel to a debtor and debtor-in-possession in a Chapter 11 case. The firm will undertake representation of the Debtor at hourly rates ranging from $275 to $850. The majority of the work will be performed by Sara Tidd at her current hourly billing rate of $625, Jeannie Kim at her current hourly billing rate of $700, and David M. Goodrich at his current hourly rate of $750. On March 12, 2026, the firm received a $7,500 retainer from the Debtor, all of which has been applied to pre-petition services. Golden Goodrich LLP stated it 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 M. Goodrich, Esq. Jeffrey I. Golden, Esq. GOLDEN GOODRICH LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 Telephone: (714) 966-1000 E-mail: jgolden@go2.law dgoodrich@go2.law About Pico-Union Housing Corporation Pico-Union Housing Corporation is a Los Angeles-based nonprofit housing developer and property manager that develops, preserves, and operates affordable housing for low-and very-low-income households, primarily in the Pico-Union neighborhood and other areas of the city. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12372 on March 12, 2026. In the petition signed by Gloria Farias, executive director, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Vincent P. Zurzolo oversees the case. The Debtor tapped David M. Goodrich, Esq., at Golden Goodrich LLP as counsel and Joshua R. Teeple, CPA, at Grobstein Teeple LLP as financial advisor. PITTS AVE SELF: Case Summary & One Unsecured Creditor ----------------------------------------------------- Debtor: Pitts Ave Self Storage, LLC 1136 S. Park Dr., Ste. 101 Bowling Green, KY 42103 Business Description: Pitts Ave Self Storage, LLC, based in Bowling Green, Kentucky, operates a self- storage property. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Western District of Kentucky Case No.: 26-10375 Debtor's Counsel: Michael McClain, Esq. MCCLAIN LAW GROUP, PLLC 6008 Brownsboro Park Boulevard, Suite G Louisville, KY 40207 Tel: (502) 589-1004x108 Fax: (888) 219-0145 Email: mmcclain@mcclainlawgroup.com Total Assets: $6,604,508 Total Liabilities: $6,048,805 Mark Williams signed the petition in his capacity as manager. The Debtor listed Southeastern Steel Brokers, Inc., based at 33 Music Square West, Nashville, TN 37203, as its sole unsecured creditor associated with trade debt. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KAOLIDA/Pitts_Ave_Self_Storage_LLC__kywbke-26-10375__0001.0.pdf?mcid=tGE4TAMA PRESENTATION MEDIA: Gets Final OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division granted Presentation Media Inc. final approval to use cash collateral. The court's final order authorized the Debtor to use cash collateral through Oct. 23 in accordance with its budget. The Debtor may deviate from the budget by up to 15% per week per category without approval by the U.S. Small Business Administration. Greater variances require consent from the U.S. Small Business Administration or court order. As adequate protection, SBA and other secured creditors will be granted replacement liens on all property acquired by the Debtor after its Chapter 11 filing, excluding avoidance actions and recoveries. The replacement liens will have the same validity, priority and extent as the secured creditors' pre-bankruptcy liens. Moreover, the liens are automatically valid and perfected as of the petition date without the need for further filings. As additional protection, SBA will continue to receive a monthly payment of $5,000 from the Debtor. This authority remains in effect until the earliest of Oct. 23; dismissal or conversion of the Debtor's Chapter 11 case to one under Chapter 7; or the effective date of a confirmed Chapter 11 plan. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/O8Q3T from PacerMonitor.com. About Presentation Media Inc. Presentation Media Inc. provides visual presentation solutions and manufacturing services primarily for the aerospace and defense sectors, including clients such as Hughes (now Raytheon), Boeing, Northrop Grumman, and NASA, and has since expanded to newer clients like SpaceX, Tesla, Honda, and Lyft. Operating from its Los Angeles facility, the Company produces large-format graphics, dimensional letters, signs, 3D printing, sculptural art, and trade show or museum exhibits, while offering services including 3D modeling, graphic and interior design, exhibit design, engineering, digital media, and onsite consultation. PMI also works with strategic partners that do not have sufficient production capacity, fulfilling orders on their behalf and maintains its signature "Midnight Express" overnight production service to deliver projects by the start of clients' business days. Presentation Media sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-17723) on September 2, 2025. In its petition, the Debtor reported total assets of $5,990,852 and total liabilities of $12,204,312. Judge Sheri Bluebond oversees the case. The Debtor is represented by Steven R. Fox, Esq., at The Fox Law Corporation. PRESTIGE HEALTHCARE: Court Extends Cash Collateral Access to May 31 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division issued a fourth interim order granting Prestige Healthcare Resources Inc. a one-month extension to use cash collateral. The court authorized the Debtor to use cash collateral through May 31 in accordance with a detailed May budget. The Debtor is also allowed flexibility to reallocate unused budget amounts and exceed budget line items by up to 10%, provided it reports significant deviations. As adequate protection, M&T Bank and any junior lien creditors will be granted replacement liens on post-petition assets with the same priority as their pre-petition liens, to the extent their collateral value is diminished. In addition, the Debtor must make $25,000 in adequate protection payments to M&T Bank, with any excess over applicable interest applied to principal. The order also clarifies that these liens do not extend to certain avoidance actions and preserves all parties rights to challenge lien validity or priority later. The order includes additional protections and procedures, such as requiring the Debtor to maintain records, provide financial reporting, and serve notice to creditors. The court scheduled a final hearing on May 26. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/WnNck from PacerMonitor.com. About Prestige Healthcare Resources Inc. Prestige Healthcare Resources Inc., incorporated in Maryland in 2009, operates as a behavioral health core service agency providing mental health and related support services to individuals in Washington, D.C., Prince George's County, and Baltimore City, Maryland, and is recognized as a certified provider in the behavioral health sector, offering therapy, mental health rehabilitative services, substance use disorder programs, elderly and persons with physical disabilities waiver case management, non-medical respite, problem gambling assistance, and assertive community treatment team services. Prestige Healthcare Resources Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10955) on January 29, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by John S. Smith, Jr. as president. Joseph Selba, Esq., at Tydings Rosenberg, LLP serves as the Debtor's legal counsel. PRINCE GLOBAL: Seeks Chapter 15 Bankruptcy in New York ------------------------------------------------------ On April 8, 2026, Prince Global Holdings Limited filed for Chapter 15 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the Debtor did not publicly disclose ranges of debt or the number of creditors. About Prince Global Holdings Limited Prince Global Holdings Limited is an international financial services firm engaged in investment and asset management activities. Prince Global Holdings Limited sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10769) on April 8, 2026. In its petition, the Debtor did not specify estimated assets or liabilities. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Andrew G. Dietderich, Esq. of Sullivan & Cromwell LLP. PROPHASE DIAGNOSTICS: Hires Wallace Neel P.C. as Special Counsel ---------------------------------------------------------------- ProPhase Diagnostics NJ, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Wallace Neel Esq. and Law Office of Wallace Neel, P.C. as special litigation counsel. The firm will provide legal services to the Debtor in this case, for all Bankruptcy Court or State or Federal Court litigation matters involving Drexel Distribution Inc, including but not limited to Motions, Discovery, or Adversary Proceedings. The firm will be paid at these rates: Wallace Neel $600 Paralegal $200 As disclosed in the court filings, Wallace Neel Esq. is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: Wallace Neel Esq. Law Office of Wallace Neel, P.C. 43 W 43, Suite 65 New York, NY 10036 Phone: (646) 524-6502 About ProPhase Diagnostics NJ Inc. ProPhase Diagnostics NJ Inc. develops genomic testing solutions, potential cancer diagnostics and therapeutics, and manufactures and markets consumer health and wellness products. The subsidiaries operate within the diagnostics segment, providing laboratory testing services that were primarily focused on COVID-19 during the pandemic and are now engaged in efforts to recover large insurance receivables tied to those operations. ProPhase Diagnostics NJ Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-19833) on September 22, 2025. In its petition, the Debtor reports estimated assets of $32,287,616 and estimated liabilities of $465,161. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Thaddeus R. Maciag, Esq., at Maciag Law, LLC. PRUDENT MEDICAL: Seeks to Hire Neeleman Law Group P.C. as Counsel ----------------------------------------------------------------- Prudent Medical Providers Northwest, PLLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Neeleman Law Group, P.C. will charge its standard rate, more specifically $600 per hour for attorney fees for principals, associate’s rate of $475 per hour and $250 per hour for paralegal fees, for services rendered and will seek reimbursement for costs and expenses incurred in relation to representation of the estate. Neeleman Law Group, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and represents that it does not hold an interest adverse to the estate. The firm can be reached at: Jennifer L. Neeleman, Esq. Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Prudent Medical Providers Northwest, PLLC Prudent Medical Providers Northwest, PLLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-10429) on February 12, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Christopher M Alston presides over the case. Jennifer L Neeleman, Esq. at Neeleman Law Group, P.C. serves as the Debtor's counsel. PSCD TRINITY: To Extend Hearing Date on Watermills Property Sale ---------------------------------------------------------------- PSCD Trinity, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts, Eastern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Massachusetts limited liability company with a principal office address at 350 Pleasant Street, Watertown, Massachusetts 02472. PSCD functions as a real estate investor and real estate developer. The Debtor owns a prominent mixed-use apartment complex overlooking the Charles River, known as Watermills, in Watertown, Massachusetts located at 330 - 350 Pleasant St. Watertown, Massachusetts that includes two three-story buildings connected by a skybridge, featuring 99 residential units and 17,941 square feet of ground level retail and office space (Watermills Property). The Debtor submits the emergency motion for entry of an order that extends by one-week the deadline in the Sale Procedures appended to and incorporated into the Court on March 18, 2026, to extend the hearing dates on the matters currently scheduled to be heard on Monday, April 27, 2026 to be heard on the same date and time. The Debtor and the Lenders, Service Capital LLC and Service Federal Credit Union, have conferred with Newmark Real Estate of Massachusetts, LLC, and based on the advice of Newmark, believe that the outcome of the sale process approved by the Court will benefit from a brief extension of time to permit Newmark to confer with the three parties that have submitted bids for the Sale Assets to clarify and enhance their bids, and to elicit additional bids to permit a robust auction for the Sale Assets. The Debtor and the Lenders agree with the approach suggested by Newmark. Newmark has engaged in comprehensive process to elicit bids for the Watermills Property in accordance with the court approved Sale Procedures, including maintaining a robust data room, assembling due diligence information for potential buyers, developing an offering memorandum and other marketing materials and providing tours of the Watermills Property. Newmark has received three separate bids for the Watermills Property and believes that with an extension of the Auction currently scheduled on Monday, April 27, 2026, by an additional one week (or as soon as the Court’s calendar permits) that additional offers will likely be received and the terms of those offers further enhanced. The Debtor and Lender seek an emergency determination on the Joint Motion because the Auction and Sale Hearing are currently scheduled for Monday, April 27, 2026. About PSCD Trinity LLC PSCD Trinity, LLC provides activities 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. D. Mass. Case No. 25-12658) on December 8, 2025. In the petition signed by Mark D. Coppola, managing member, the Debtor disclosed up to $100 million in both assets and liabilities. George W. Tetler, Esq. at PRINCE LOBEL TYE LLP, represents the Debtor as legal counsel. R INTERCONNECTIONS: Gets Extension to Access Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of New York entered a second interim order authorizing R Interconnections, Inc. to use cash collateral. Under the second interim order, the Debtor is authorized to use cash collateral through April 30 in accordance with an approved budget, subject to a 15% variance per line item and a 10% overall variance. After the initial budget period, the Debtor must provide bi-weekly budgets to the Subchapter V trustee and any requesting pre-petition secured creditor. The Debtor's budget projects total monthly operational expenses of $11,695.33. As adequate protection, pre-petition secured creditors will be granted continuing rollover liens on their pre-petition collateral, maintaining the same validity, priority, and enforceability as existed before the bankruptcy filing. The order preserves creditors' rights to seek additional adequate protection or relief from the automatic stay and does not constitute an admission that their interests are fully protected. Termination events under the interim order include unauthorized payments; actual cash disbursements exceeding the allowed variance; material breach of the order; dismissal or conversion of the Debtor's Chapter 11 case; appointment of a bankruptcy trustee; and any stay, reversal, vacatur or rescission of the terms of the order. The interim order is available at https://shorturl.at/oIowo from PacerMonitor.com. R Interconnections lists the U.S. Small Business Administration as the primary secured creditor with an asserted interest in cash collateral, alongside UCC filings by Liquid Capital Exchange and federal tax liens the Debtor claims were fully paid before filing Chapter 11. About R Interconnections Inc. R Interconnections Inc operates a retail storefront selling fishing tackle and gear across upstate New York and surrounding areas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. N.Y. Case No. 26-10033-1-pgr) on January 14, 2026. In the petition signed by Thomas Zebrowski, US operations manager, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Patrick G. Radel oversees the case. Michael Boyle, Esq., at Boyle Legal LLC, represents the Debtor as legal counsel. RAD DIVERSIFIED: Seeks to Hire Tranzon Driggers as Auctioneer ------------------------------------------------------------- RAD Diversified REIT, Inc. and its affiliated debtors seek approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Soldnow, LLC dba Tranzon Driggers as auctioneer. The firm will render these services: a. visit each property to create a condition report for the Debtors; b. talk to any occupants or tenants and/or leave a document designed to create cooperation from the occupant or tenant; c. coordinate with the tenant a time and date to conduct a preview inspection of the property; d. coordinate with a title company to be the escrow/closing agent; e. market the property via print media, web postings, and social media. Auctioneer will front all marketing costs; f. create a property information package for each property to be posted on www.tranzon.com which is downloadable 24/7 for potential bidders; g. personal telephone outreach to each person known to be buyers in the property area and to people who download the property information package; h. update stakeholders weekly of marketing response with a written interim report; i. provide stakeholder a link to a Seller Control Panel for each property for real-time marketing response; j. conduct the auction event online; k. orchestrate online purchase and sale agreement execution; l. facilitate coordination of the closing process; m. at the conclusion of each auction, prepare an Auction Summary Report for the Debtors, US Trustee, Committee, and other stakeholders identified by the Debtors; and n. attend all relevant hearings to approve the auctions. Tranzon Driggers will be paid as follows: -- A Buyer's Premium ("BP") of 10 percent of the winning bid amount will be added to the Winning Bid amount to arrive at the Total Purchase Price for all properties, except for Properties where the Secured Creditor is the winning bidder as provided for above. -- If a mortgagee or other most senior secured creditor is the successful bidder of a particular Auction Parcel, an Alternative Buyer's premium of $1,000 per property will be added to the Winning Bid. -- Auction Firm shall advance all marketing and advertising expenses on behalf of Seller as an advance against future reimbursement from closing proceeds. No upfront payment shall be required from Seller. Once properties begin closing and Buyer's Premium proceeds are received, one percent (1%) of each Winning Bid shall be retained by Auction Firm and applied to reimburse all marketing and advertising costs previously advanced by Auction Firm on behalf of Seller, and to fund marketing and advertising costs for subsequent auction events. Once the total amount retained by Auction Firm under this Section reaches $100,000 in the aggregate, all further proceeds from the one percent (1%) retention shall be remitted directly to the estate. Any marketing and advertising costs incurred by Auction Firm in excess of $100,000 shall be the sole responsibility of Auction Firm. To the extent that any amounts retained by Auction Firm are less than actual marketing costs incurred, Auction Firm shall have an allowed claim for an administrative expense for the shortfall. Except as may otherwise be agreed upon in advance in writing by and between Auctioneer and Seller, the unreimbursed marketing expenses outstanding at any time shall not exceed $20,000 in the aggregate, and the maximum administrative claim of Auction firm shall not exceed $20,000. As disclosed in the court filings, Tranzon Driggers is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code and referenced by section 328(c) of the Bankruptcy Code. The auctioneer can be reached through: Jon Barber, CAI Tranzon Driggers 101 E. Silver Springs Blvd., Suite 206, Ocala, FL 34470 Office: (352) 812-2093 Cell: (352) 812-2093 Email: jbarber@tranzon.com About RAD Diversified REIT Inc RAD Diversified REIT, Inc are a group of entities engaged in acquiring, managing, renovating, repositioning, and operating real estate, primarily single-family residential properties and vacant lots across Florida, Pennsylvania, Texas, and New Jersey, with certain affiliates holding other types of real estate. RAD Diversified OZ Fund, LP, a Delaware limited partnership, focuses on investments in Qualified Opportunity Zone properties, while RAD Diversified REIT, Inc., a Maryland corporation, is structured to qualify as a real estate investment trust under U.S. tax law. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March 1, 2026. In the petition signed by Katie S. Goodman, chief restructuring officer, the Debtor disclosed up to $100 million in both assets and liabilities. Judge Catherine Peek Mcewen oversees the case. Joseph Pack, Esq. and Jessey J. Krehl, Esq at PACK LAW, represents the Debtor as legal counsel. The Debtors tapped KAPILAMUKAMAL, LLP as forensic accountant, financial analyst and financial advisor, EPIQ CORPORATE RESTRUCTURING, LLC as noticing and claims agent, and GGG PARTNERS, LLC as operations advisor. RELIZ TECHNOLOGY: Cash Collateral Hearing Set for April 29 ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware is set to hold a hearing on April 29 to consider granting another extension to Reliz Technology Group Holdings, Inc. and its affiliates to use cash collateral. The Debtors' authority to use cash collateral under the court's April 17 third interim order expires on April 29, unless extended by a further order or consent of Celsius Network Ltd., the Debtors' pre-bankruptcy secured lender; or upon entry of a court order terminating use due to noncompliance. The third interim order authorized the Debtors to use up to $9.5 million in cash collateral to support ongoing business operations and granted Celsius replacement liens on the Debtors' assets, including pre-petition collateral and its proceeds, subject only to prior senior liens on the pre-petition collateral. Celsius is also entitled to a superpriority administrative claim. The third interim order is available at https://shorturl.at/Vk4xW from PacerMonitor.com. About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RELIZ TECHNOLOGY: Hires McDermott Will & Schulte LLP as Attorney ---------------------------------------------------------------- Reliz Technology Group and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ McDermott Will & Schulte LLP as attorneys. The firm's services include: a) advising the Debtors with respect to their powers and duties as debtors in possession in the continued management and operation of their businesses and properties; b) advising and consulting on the conduct of the Chapter 11 Cases, including all of the legal and administrative requirements of operating in chapter 11; c) attending meetings and negotiating with representatives of the Debtors' creditors, equity holders, and other parties in interest; d) taking all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; e) preparing pleadings in connection with the Chapter 11 Cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; f) appearing before the Court and any appellate courts to represent the interests of the Debtors' estates; g) advising the Debtors regarding tax matters; h) assisting the Debtors in reviewing, assessing, estimating, and resolving claims asserted against the Debtors' estates; i) advising the Debtors regarding insurance and regulatory matters; j) commencing and conducting litigation necessary and appropriate to assert rights held by the Debtors, protect assets of the Debtors' estates, or otherwise further the goals of the Debtors in the Chapter 11 Cases; k) taking any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a chapter 11 plan and all documents related thereto, including the review and analysis of potential claims and causes of action that may be released under such a plan; and l) performing all other necessary legal services for the Debtors in connection with the prosecution of the Chapter 11 Cases, including: (i) analyzing the Debtors' leases and contracts and the potential assumption and assignment or rejection thereof; (ii) analyzing the validity of any liens asserted against the Debtors; and (iii) advising the Debtors on corporate and litigation matters. McDermott's current hourly rates are: Partners $1,700 to $2,795 Associates $1,125 to $1,625 Non-Lawyer Professionals $325 to $1,465 On March 6, 2026, McDermott received a retainer in the amount of $900,000. Further, consistent with the U.S. Trustee Guidelines: (a) McDermott has not agreed to a variation of its standard or customary billing arrangements for this engagement, except as disclosed; (b) None of McDermott's professionals included in this engagement have varied their rates based on the geographic location of the Chapter 11 Cases; (c) As disclosed above, McDermott was engaged by the Debtors prior to the Petition Date to provide certain cryptocurrency-related regulatory and transactional advice, and evaluate certain prelitigation disputes. McDermott's rate structure in that engagement was the same as that being used in the Chapter 11 Cases. (d) McDermott expects to develop a budget and staffing plan to comply with the U.S. Trustee's requests for information and additional disclosures, and any orders of the Court. Recognizing that unforeseeable fees and expenses may arise in large chapter 11 cases, McDermott may need to amend the budget as necessary to reflect changed circumstances or unanticipated developments. Darren Azman, Esq., a partner of McDermott Will & Schulte LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Darren Azman, Esq. McDermott Will & Schulte LLP One Vanderbilt Avenue New York, NY 10017-3852 Phone: (212) 547-5400 Email: dazman@mwe.com About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RELIZ TECHNOLOGY: Seeks to Hire Cole Schotz P.C. as Legal Counsel ----------------------------------------------------------------- Reliz Technology Group and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Cole Schotz P.C. as counsel. On the Petition Date, Cole Schotz began rendering legal services relating to the fulfillment of the Disinterested Director's fiduciary duties. As explained, Cole Schotz's work in connection with the Independent Investigation remains open and will continue during the chapter 11 cases. In addition, Cole Schotz will perform other duties, as directed by the Disinterested Director, in connection with its delegated authority during these chapter 11 cases. Cole Schotz will charge the following hourly rates: Partner $650 to $1,800 Associates and Special Counsel $425 to $950 Paralegals $330 to $485 Litigation Support Specialists $460 to $560 The following is provided in response to the request for additional information set forth in Paragraph D.1 of the U.S. Trustee Fee Guidelines. Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Cole Schotz professionals working on this matter will bill at their standard hourly rates. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. The hourly rates used by Cole Schotz in representing the Debtors at the sole direction of the Disinterested Director are consistent with the rates that Cole Schotz charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Cole Schotz was retained by the Debtors on behalf of and at the sole direction of the Disinterested Director on the day before the Petition Date. Cole Schotz will follow the hourly billing rates set forth in this Van Aalten Declaration and the Engagement Letter, attached to the Application as Annex 1 to the Proposed Order. Question: Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Answer: Cole Schotz expects to develop a prospective budget and staffing plan to reasonably comply with the U.S. Trustee's request for information and additional disclosures, as to which Cole Schotz reserves all rights. Seth Van Aalten, member of the law firm of Cole Schotz P.C., assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached at: Marcus A. Helt, Esq. Jack G. Haake, Esq. McDermott Will & Schulte LLP 2801 N. Harwood Street, Suite 2600 Dallas, TX 75201-1574 Telephone: (214) 295-8000 Facsimile: (972) 232-3098 Email: mhelt@mcdermottlaw.com jhaake@mcdermottlaw.com About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RELIZ TECHNOLOGY: Taps Berkeley Research Group to Provide CRO, CFO ------------------------------------------------------------------ Reliz Technology Group and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Berkeley Research Group, LLC to provide Mark A. Renzi to serve as chief restructuring officer, James Wilson to serve as chief financial officer, and additional staff. The firm will render these services: (a) support the development of restructuring plans, financing and strategic alternatives for maximizing the enterprise value of the Debtors; (b) provide advice to management on cash conservation measures and liquidity forecasting after analyzing and stress testing weekly cash flows under various scenarios; (c) provide direction and support to FP&A function including management reporting and financial analyses; (d) assist the Debtors and their management in updating cash flow projections and related methodologies and assist with planning as requested by the Debtors (i.e., weekly cash flow forecast); (e) assist the Debtors and their management in updating the Debtors' business plan, and such other related forecasts (i.e., monthly financial model); (f) formulate a reorganization strategy and plan of reorganization or liquidation directed to preserve and maximize value; (g) prepare materials for potential capital raise and / or sale of the business; (h) advise the Debtors relative to negotiating with existing lenders and stakeholders; (i) assist Debtors with the communications and negotiations with various third parties to support restructuring alternatives; (j) assist with any additional ad hoc financial analyses; and (k) other services as requested or directed by the Debtors, their management, the board of directors of the Debtors or other Debtor personnel as authorized by the foregoing and agreed to by BRG. The current standard hourly rates for the BRG Professionals are: Managing Directors $1,180 to $1,450 Associate Directors & Directors $950 to $1,150 Professional Staff $475 to $925 Support Staff $195 to $415 BRG received cash on account and payments totaling $1,472,821.21. As of the Petition Date, BRG holds $150,000 in cash on account from the Debtor. Mr. Renzi disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Mark A. Renzi James Wilson Berkeley Research Group, LLC 225 Franklin Street, 32nd Floor Boston, MA 02110 Tel: (877) 696-0391 About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RELIZ TECHNOLOGY: Taps Verita Global as Administrative Advisor -------------------------------------------------------------- Reliz Technology Group and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kurtzman Carson Consultants, LLC dba Verita Global as administrative advisor. The firm's services include: 1. assisting with, among other things, the preparation of the Debtors' schedules of assets and liabilities, schedules of executory contracts and unexpired leases and statements of financial affairs; 2. assisting with, among other things, solicitation, balloting, tabulation and calculation of votes, as well as preparing any appropriate reports required in furtherance of confirmation of any chapter 11 plan; 3. generating an official ballot certification and testifying, if necessary, in support of the ballot tabulation results for any chapter 11 plan(s) in the chapter 11 cases; 4. generating, providing and assisting with claims objections, exhibits, claims reconciliation and related matters; and 5. providing such other claims processing, noticing, solicitation, balloting and administrative services described in the Services Agreement, but not included in the Section 156(c) Application, as may be requested by the Debtors from time to time. Verita received a retainer in the amount of $30,000. Verita represents that it is a "disinterested person," as that term is defined in section 101(14) of the Bankruptcy Code," and that it "neither holds nor represents any interest materially adverse to the Debtors' estates." The firm can be reached at: Evan Gershbein Kurtzman Carson Consultants, LLC dba Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Telephone: (310) 823-9000 About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RICHARD MEYER: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------- Richard Meyer Gallery, Inc., doing business as Beads of Paradise, asks the U.S. Bankruptcy Court for the Southern District of New York for authority to use cash collateral and provide adequate protection. The Debtor operates a retail and online business in New York City selling beads, jewelry, and related items, but has faced significant financial distress due to declining consumer activity, pandemic aftereffects, rising costs (especially rent and storage), and accumulated debt. Despite efforts to restructure—such as negotiating reduced rent and attempting to increase revenue—the business ultimately filed for bankruptcy in April to reorganize its obligations and preserve operations. The Debtor's secured debt primarily consists of loans from the U.S. Small Business Administration, Renaissance Economic Development Corporation, and Webster Bank, all of which claim security interests in substantially all of the Debtor's assets, including cash collateral. Of these, the SBA appears to hold the only partially secured claim. The Debtor has not made payments on the SBA loan since mid-2025. The Debtor seeks interim and final court approval to use this cash collateral to fund ordinary business operations—such as payroll, rent, inventory purchases, and other necessary expenses—arguing that without access to these funds, it will be unable to continue operating and will suffer immediate and irreparable harm. To justify this request, the Debtor provides a detailed budget projecting revenues and expenses over a 13-week period, demonstrating that available cash collateral is essential to sustaining operations. The Debtor also proposes to provide adequate protection to secured creditors, particularly the SBA, through replacement liens on post-petition assets, continued business operations that preserve collateral value, and monthly payments of approximately $5,366. Additionally, the Debtor requests expedited interim approval under bankruptcy rules to avoid disruption in operations, including meeting imminent payroll obligations and maintaining vendor relationships. A copy of the motion is available at https://urlcurt.com/u?l=NCgoSf from PacerMonitor.com. About Richard Meyer Gallery, Inc. Richard Meyer Gallery, Inc. , doing business as Beads of Paradise, is a New York City-based retail and online specialty store operating from Manhattan that sells beads, gemstones, and jewelry-making materials sourced globally, including Africa, India, Southeast Asia, the Middle East, and Latin America. Founded in the late 1980s, the company also operates a showroom offering finished jewelry, trade beads, and decorative artifacts, along with services such as custom jewelry design, repair work, and instructional beadwork classes. Its customers primarily include independent jewelry designers, collectors, artisans, and craft enthusiasts. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-10842) on April 13, 2026. In the petition signed by by Brian Kenner, president, the Debtor disclosed $18,036 in total assets and $1,014,927 in total liabilities. Judge John P. Mastando III oversees the case. Adrienne Woods, Esq., at Weinberg Zareh Malkin Price, LLP, represents the Debtor as legal counsel. RM IMAGING: To Sell Mammography Unit to Ultra Care Imaging ---------------------------------------------------------- RM Imaging Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor operates a medical diagnostic center at one location with an address of 1799 S. Federal Highway, Boca Raton FL 33432. The Debtor performs many diagnostic tests including: DEXA (Bone Densitometry) for diagnosis of osteoporosis; Ultrasounds, Echocardiography (ultrasound of the heart), vascular imaging (Carotid, Arterial and Venous), Thyroid, Pelvic (Transvaginal and transabdominal ultrasounds) Abdominal, Breast, Renal/Kidneys, Testicular. Prior to the commencement of the case, the Debtor also performed mammograms. However, due to various reasons including delays caused by the radiologist reading mammogram reports, which caused a delay in billing and receiving insurance reimbursements, the Debtor has ceased performing mammograms. The Debtor was possession of the following piece of equipment: - one 2D Mammography Unit with Acquisition Worstation with a model name Selenia ASY-02521. The Debtor has no use for the Mammography Unit. The Unit is currently taking up storage space that the Debtor could use for other business purposes. The Debtor has found a prospective buyer for the Mammography Unit, a company called Ultra Care Imaging Services Inc. The Purchaser is not an insider of the Debtor. The owner of the Debtor, Rachael Magro, has no relationship to the Purchaser or the owners of the Purchaser. The Purchase is a true third party to the Debtor and the Debtor's owner. The Purchaser has offered to purchase the Mammography Unit for a purchase price of $17,000. The Purchaser has already provided a $1000 deposit which is being held by counsel to the Debtor in the law firm's trust accounting pending Court approval of the sale. The proposed sale provides that the purchase of the Mammography Unit is on "as is" condition with all faults. There does exist a lien on the Mammography Unit, such lien being held by New Lane Finance Company. New Lane has agreed that it should receive $14,000 from the sale of the Unit. Further, the Motion seeks a finding by the Court that the Purchaser is a good faith purchaser and is entitled to the protections of a good faith purchaser. About RM Imaging Inc. RM Imaging, Inc. operates a medical diagnostic center. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11368) on February 2, 2026. In the petition signed by Rachel Magro, president, the Debtor disclosed up to $100,000 in assets and up to $500,000 in liabilities. Brian S. Behar, Esq., at Behar, Gutt & Glazer PA, represents the Debtor as legal counsel. RMG ERECTORS: Deadline for Panel Questionnaires Set for April 28 ---------------------------------------------------------------- The United States Trustee is soliciting members for committee of unsecured creditors in the bankruptcy case of RMG Erectors & Constructors of Montana, LLC. If a party wishes to be considered for membership on any official committee that is appointed, it must complete a questionnaire available at https://tinyurl.com/3xks2bmr and return by email it to Angeliza Ortiz-Ng -- Angeliza.Ortiz-Ng@usdoj.gov and Tina Oppelt --Tina.L.Oppelt@usdoj.gov at the Office of the United States Trustee so that it is received no later than April 28, 2026 at 1:00 p.m. If the U.S. Trustee receives sufficient creditor interest in the solicitation, it may schedule a meeting or telephone conference for the purpose of forming a committee. About RMG Erectors 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. RMG Erectors sought relief under Chapter 11 of the U.S. Bankruptcy Coode (Bankr. NJ. Case No. 26-14283) on April 17, 2026. The petitions were signed by Robert Mesmer as CEO. In its petition, the Debtor reported estimated assets between $1 million to $10 million and estimated liabilities between $1 million to $10 million. The Hon. Jerrold N Poslusny Jr presides over the case. The Debtor is represented by CIARDI CIARDI AND ASTIN. ROBINSON FAMILY: To Sell Irving Property to N. Diaz & I. Diaz ------------------------------------------------------------- Robinson Family Real Estate Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor seeks to sell its real property and improvements located at 2900 Linden Lea, Irving, Texas 75061. The Debtor has received a One to Four Family Residential Contract (Resale) for the purchase price of $349,000.00 from Nahara Diaz and Izmari A. Diaz. The Debtor has marketed the Property for sale through a commercial real estate broker. Buyer’s commercial real estate agent will receive a commission of three per cent of the gross sales price at closing. At closing the sale will pay the secured claim of PHH Mortgage estimated at $200,000.00 (subject to receiving a payoff from PHH Mortgage), the secured claims of ad valorem taxing authorities with liens on the property, the secured claim of the tax lien lender who financed the Debtor’s real property taxes, and the reasonable and necessary closing costs of the title company in connection with the sale. The Debtor has marketed the Property and asserts the proposed Purchase Price is fair and reasonable. Delay may result in loss of the Buyer, or further reduction in value received. Delay will result in additional ongoing expenses to the Debtor and its estate. The Debtor will show at the hearing that it negotiated with all potential purchasers at arm's-length, in good faith, and in an effort to achieve the best offer for its Property. About Robinson Family Real Estate Holdings Robinson Family Real Estate Holdings, LLC, a company in Irving, Texas, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40065) on January 5, 2026, with $1 million to $10 million in assets and liabilities. Michael Robinson, president, signed the petition. Judge Mark X. Mullin presides over the case. Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC represents the Debtor as bankruptcy counsel. ROCKFORD SILK: Court Extends Cash Collateral Access to May 31 ------------------------------------------------------------- Rockford Silk Screen Process, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Western Division, to use cash collateral through May 31. The court entered its 10th interim order extending the Debtor's authority to use cash collateral to fund its operations from April 20 to May 31. The Debtor's primary secured lender is Foresight Bank, formerly known as Northwest Bank of Rockford. The lender holds first-priority perfected liens on substantially all of the debtor's personal property, including accounts receivable, inventory, equipment, and related proceeds. As protection, Foresight Bank will be granted a first position, fully perfected security interest in and replacement lien on the debtor-in-possession account and all of property of the Debtor whether acquired before or after its Chapter 11 filing, subject only to valid pre-bankruptcy purchase money security interests, if any. Foresight Bank is not allowed to apply funds in the DIP account or offset any balance owed without prior written consent of the Debtor or order of the court. Any sale of collateral outside the ordinary course requires lender consent or a court order. A status hearing is set for May 15. The order is available at https://shorturl.at/ToFzh from PacerMonitor.com. Rockford, a 70-year-old Illinois-based printing company headquartered in Loves Park, employs approximately 40 individuals and reported revenues of $8.3 million in 2024. Facing increasing creditor pressure and a threat of receivership from its secured lender, the Debtor filed for Chapter 11 protection on September 17, 2025. The Debtor has identified two major secured creditors: Northwest Bank of Rockford, owed approximately $2,038,120, and the U.S. Small Business Administration, which holds a subordinate lien of approximately $1,954,566. About Rockford Silk Screen Process Inc. Rockford Silk Screen Process, Inc. operates a custom printing business from 6201 Material Avenue, Loves Park, Illinois, providing silk screen, digital, and large-format printing services. The Company serves corporate and franchise clients across North America, offering products including decals, nameplates, electronic overlays, signage, and fleet graphics, and supports project management, creative design, and installation for vehicle fleets. With over 40 years of experience in the print industry, Rockford Silk Screen Process utilizes both traditional and advanced printing technologies from its 100,000+ square foot facility. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-81268) on September 17, 2025. In the petition signed by Jason Yost, president, the Debtor disclosed $3,339,844 in assets and $6,456,627 in liabilities. Judge Thomas M. Lynch oversees the case. George P. Hampilos, Esq., at Hampilos & Associates, Ltd., is the Debtor's legal counsel. RONLAT EENTERPRISES: Taps DeMarco Mitchell PLLC as Legal Counsel ---------------------------------------------------------------- Ronlat Eenterprises Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire DeMarco Mitchell, PLLC as counsel. The firm will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will receive these hourly compensation: Robert T. DeMarco $500 Michael S. Mitchell $300 paralegal Barbara Drake $125 The firm received from the Debtor a retainer of $9,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Ronlat Eenterprises Inc. Ronlat Eenterprises Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-41567) on April 6, 2026, listing $500,001 to $1 million in both assets and liabilities. Robert DeMarco, III, Esq. at DeMarco Mitchell, PLLC serves as the Debtor's counsel. S & W SALES: Gets Extension to Use Cash Collateral -------------------------------------------------- S & W Sales and Service, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Georgia to use cash collateral. At the recently held hearing, the court authorized the Debtor's continued use of cash collateral and set a final hearing for May 27. The Debtor was previously allowed to access cash collateral to pay operating expenses through April 30 under the court's April 15 interim order. S & W's cash collateral consists of revenues from the operation of its business. The Debtor owns and operates a construction company specializing in government contracting for concrete services. The creditors that may claim an interest in the Debtor's cash collateral are Five Star Credit Union, Marlin Business Bank, U.S. Small Business Administration, Newtek Small Business Finance, LLC, American Contractors Indemnity Co., ASSN Co., CT Corporation Service as representative, CHTD Company, and Lexington National Insurance Corporation. About S & W Sales and Service S & W Sales and Service, LLC is a limited liability company in Fort Valley, Ga. S & W Sales and Service sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 24-51814) on December 2, 2024, with assets between $500,000 and $1 million and liabilities between $1 million and $10 million. Waldo Moody, a managing member of S & W Sales, signed the petition. Judge Robert M. Matson handles the case. Wesley J. Boyer, Esq., at Boyer Terry, LLC is the Debtor's legal counsel. Five Star Credit Union, as secured creditor, is represented by: Doroteya N. Wozniak, Esq. James Bates Brannan Groover, LLP 2827 Peachtree Rd, NE, Suite 300 Atlanta, GA 30305 Telephone: (404) 997-6031 Facsimile: (404) 997-6021 dwozniak@jamesbatesllp.com Newtek Small Business Finance, as secured creditor, is represented by: Michael R. Wing, Esq. Robinson Franzman, LLP 191 Peachtree Street NE, Suite 2600 Atlanta, GA 30303 Telephone: (404) 255-2503 michael@rfllplaw.com Lexington National Insurance Corp., as secured creditor, is represented by: John G. Brookhuis, Esq. McMichael Taylor Gray, LLC 3550 Engineering Drive, Suite 260 Peachtree Corners, GA 30092 Telephone: 404-474-7149 Facsimile: 404-745-8121 jbrookhuis@mtglaw.com SAKS GLOBAL: Secures Court OK for $5.2MM Executive Bonuses ---------------------------------------------------------- James Nani of Bloomberg Law reports that Saks Global Enterprises LLC received court approval to distribute up to $5.2 million in executive bonuses, a move aimed at maintaining leadership continuity during its restructuring. The luxury retail group—parent to Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman—may award incentive payments to eight top executives contingent on achieving certain performance goals, according to a court order issued Thursday, April 23, 2026. According to the company, the incentive plan is intended to properly reward and motivate executives tasked with steering the business through Chapter 11. The bonuses are structured to align management performance with restructuring milestones. In addition, Saks Global obtained approval for complementary pay programs, further supporting its efforts to retain key personnel and maintain operational stability during the bankruptcy process, the report states. 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 toan 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. SANTA PAULA: To Sell Somis Property to D. Mike-Price and A. Mike ---------------------------------------------------------------- The U.S. Bankrutpcy Court for the Central District of California, Northern Division, has granted Santa Paula Hay & Grain and Ranches to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at Sand Canyon Road, Somis, CA 93033. The Debtor is an agricultural producer whose principal office is in Fillmore, California. The Debtor received an offer by Durell Mike-Price and Anthony Mike to purchase the Property. The Debtor has determined that the best means for it to obtain the most favorable recovery from the Sale of the Property is to present Buyer as the initial offer to purchase and then allow overbidding for the Property at a hearing on the Motion to Sell. The Court has authorized the Debtor to sell the Property and the Holdback Property to the Buyer for a purchase price of $1,280,000.00, or if the Buyer cannot close the sale, to the Backup Bidder for a purchase price of $1,275,000. All of the terms of the sale of the Property (including the Holdback Property) to the Buyer are approved in all respects. Transfer of the Property by the Debtor to the Buyer shall be a legal, valid and effective transfer of Debtor’s interests in the Property, free and clear of the Encumbrances. In either case, 80% of the Purchase Price shall be allocated to the sale of the Real Property component of the Property, and 20% of the purchase price of the Property shall be allocated to the sale of the Holdback Property. The Debtor is authorized to and shall sell, and the Buyer or the Backup Bidder shall buy, the Real Property free and clear of any and all Encumbrances. In the event that the Buyer fails to close the sale of the purchase of the Property on or before 15 days after entry of the Order, then the Buyer shall forfeit its deposit in the amount of $33,750 to Debtor as liquidated damages, and the Backup Bidder shall be the buyer. In the absence of a stay pending appeal, if the Buyer and the Debtor complete the sale of the Property at any time after entry of this Order, then, with respect to the sale, the Buyer, as a buyer in good faith, shall be entitled to the protections of Section 363(m) of the Bankruptcy Code. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SEAFARER'S LLP: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: Seafarer's LLP 916 34th Pl., Apt. E Anacortes, WA 98221 Business Description: Seafarer's LLP 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. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Western District of Washington Case No.: 26-11344 Judge: Hon. Timothy W Dore Debtor's Counsel: Douglas R. Shepherd, Esq. SHEPHERD AND ALLEN 2011 Young St., Ste. 202 Bellingham, WA 98225 Tel: (360) 733-3773 Email: Dougshepherd@saalawoffice.com Total Assets: $4,000,000 Total Liabilities: $2,000,000 The petition was signed by Ronald Woolworth as partner. 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/5O75P6A/Seafarers_LLP__wawbke-26-11344__0001.0.pdf?mcid=tGE4TAMA SERIES RGA: Hires DeMarco Mitchell PLLC as Bankruptcy Counsel ------------------------------------------------------------- Series RGA Holdings-Country Club, a separate series of RGA Holdings LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ DeMarco Mitchell, PLLC as legal counsel. The firm will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will receive these hourly compensation: Robert T. DeMarco $500 Michael S. Mitchell $300 paralegal Barbara Drake $125 The firm received from the Debtor a retainer of $7,250. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Series RGA Holdings-Country Club Series RGA Holdings-Country Club, a separate series of RGA Holdings LLC, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-41551) on April 6, 2026, listing $1,000,001 to $10 million in assets and $500,001 to $1 million in liabilities. The Debtor is represented by Robert T DeMarco, Esq. of DEMARCO MITCHELL, PLLC. SERVICE PROPERTIES: S&P Affirms 'B-' ICR, Outlook Negative ---------------------------------------------------------- S&P Global Ratings affirmed its 'B-' issuer credit rating on Service Properties Trust (SVC). S&P said, "We raised our issue-level ratings company's guaranteed senior unsecured notes to 'B' from 'B-'. We affirmed our 'B' issue-level rating on the company's secured notes and zero-coupon notes and our 'CCC' issue-level rating on the company's unsecured, nonguaranteed notes. "The negative outlook reflects our view of ongoing risk surrounding the company's small covenant cushion and the company's ability to address future unsecured note refinancings." SVC's equity offering and subsequent debt repayment improved recovery prospects for guaranteed unsecured noteholders; however, covenant headroom remains tight. SVC issued equity to address its unsecured 2027 maturities and alleviate covenant pressure; however, we believe refinancing risks remain for the rest of the capital structure. Earlier in April, SVC raised $542.3 million, net, from a public equity offering and used proceeds to repay its 2027 unsecured debt maturities, including the remaining $100 million of senior unsecured notes due in February 2027 and its $450 million guaranteed senior unsecured notes due in December 2027, easing near term refinancing risk and alleviating covenant pressure. The company's next material debt maturity (other than its undrawn revolver maturing in June 2027) is in Sept. 2027 when its $580 million secured zero coupon notes mature. Beginning in Jan. 2028, most debt maturities are unsecured, including 3.95% $400 million senior unsecured notes in Jan. 2028 followed by 4.95% $425 million senior unsecured notes in October 2029 and 4.375% $400 million senior unsecured notes in February 2030. S&P said, "We expect SVC's access to capital could be constrained as it addresses upcoming maturities while remaining in compliance with their respective covenants. We do not expect material asset sales or additional equity issuances over the next year. We see a reasonable path for the company to address its 2028 unsecured notes, using a combination of asset sale proceeds and some debt while remaining in compliance with covenants, but believe future unsecured refinancings could be more difficult. Moreover, liquidity could be at risk depending on how the company refinances its undrawn $650 million secured revolving credit facility due in 2027." SVC is in compliance with its covenants; however, covenant cushion is tight, which will largely dictate the company's portfolio transactions over the next 12 months as it navigates maintaining cushion. As of year-end 2025, the company's incurrence covenants of total debt to adjusted assets (allowable maximum 60%) was 58.7% and secured debt to adjusted total assets (allowable maximum 40%) was 33.2%. These two covenants are at the greatest risk of becoming breached and will limit the strategic options for SVC. The company's recent refinancings have been entirely with secured debt, given the lower cost of capital relative to unsecured debt and has some capacity to secure its unencumbered portfolio. The interest savings from the company's recent debt repayment will improve coverage ratios and provide additional covenant headroom. S&P said, "This should provide the company capacity to absorb additional interest expense as it looks to refinance its $580 million of secured zero coupon notes due in Sept. 2027 which we expect will be done with cash interest paying secured debt. While we acknowledge the company could potentially raise unsecured debt to address maturities, this could increase the company's cost of capital and place pressure on coverage ratios, depending on the terms." SVC's recent equity offering increases recovery prospects for guaranteed unsecured noteholders. S&P raised its issue-level ratings on the company's guaranteed senior unsecured notes one notch to 'B' from 'B-', reflecting better recovery prospects (rounded estimate 70%) in the event of a hypothetical default. This follows the company's $550 million unsecured debt repayment, including the $450 million of unsecured senior notes that benefit from subsidiary guarantees. The negative outlook reflects S&P's view that the company's capital structure could become unsustainable over the next 18 months while also taking into consideration the tight covenant headroom on covenants, which may further pressure liquidity. S&P could lower its ratings on SVC if: -- It does not proactively address upcoming debt maturities or develop a credible plan to address these, increasing the risk of a default and leading us to view its capital structure as unsustainable; -- The company's liquidity position becomes materially constrained, perhaps from amending its revolving credit facility at less favorable terms; -- The company breaches its covenants with no pathway for improvement; or -- Hotel operating performance deteriorates beyond our base case, placing pressure on coverage metrics. S&P could also lower its issue-level ratings on SVC's notes if our estimate of recovery prospects for bondholders decreases, perhaps due to the company refinancing upcoming debt maturities with a higher proportion of secured debt or guaranteed notes. S&P could revise its outlook to stable if: -- SVC continues to proactively address upcoming maturities, including a pathway to address upcoming unsecured notes; -- The company has sufficient liquidity to meet near-term needs and be comfortably in compliance with its covenants; and -- Operating performance remains stable with no material deterioration in occupancy levels or EBITDA generation. SEXTANT STAYS: Plan Admin. Taps Shraiberg Page as Special Counsel ----------------------------------------------------------------- Kenneth A. Welt, as the plan administrator of Sextant Stays, Inc. d/b/a Roami, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Shraiberg Page P.A. as his special counsel. The firm will represent the Debtor in connection with administering and winding down the Debtor's post-confirmation estate. The special counsel will perform the legal services necessary to evaluate and prosecute D&O Claims on a contingency fee. The firm's compensation shall be based upon its customary contingency fee schedule as follows: a. 33 1/3% of actual recoveries by Client resulting from the D&O Claims in the event of the voluntary settlement, or pre-trial dispositive order disposing, of any of the D&O Claims prior to any trial upon the applicable D&O Claims; b. 40% of actual recoveries by Client resulting from the D&O Claims in the event of a voluntary settlement of, dispositive order, or judgment upon, any of the D&O Claims following any trial upon the Applicable D&O Claims; and c. 100% of the reasonable expenses and/or costs incurred by the Firm in prosecuting the D&O Claims and authorize them to undertake and/or incur such expenses/costs as it may deem necessary from time to time. These expenses/costs include, but are not limited to, such items as filing fees, costs of serving summonses and subpoenas, court reporters fees, exhibits, state records, investigation expenses and expert witness fees. According to the filings, Shraiberg Page P.A. does not hold or represent any interests adverse to the Debtors' estates and is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradley S. Shraiberg, Esq. SHRAIBERG PAGE P.A. 2385 NW Executive Center Drive, #300 Boca Raton, FL 33431 Telephone: (561) 443-0801 Facsimile: (561) 998-0047 E-mail: bss@slp.law About Sextant Stays, Inc. d/b/a Roami Sextant Stays, Inc., doing business as Roami, is a hospitality company that offers urban group travel accommodations in cities such as Miami and New Orleans. Founded in 2016, the company manages entire buildings to provide consistent, design-forward spaces aimed at delivering memorable and connected travel experiences. Sextant Stays' approach bridges the gap between traditional hotels and inconsistent vacation rentals, catering to modern travelers seeking comfort, reliability, and style. Sextant Stays sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-15908) on May 27, 2025, listing $5,033,274 in assets and $15,895,759 in liabilities. Andreas King-Geovanis, chief executive officer of Sextant Stays, signed the petition. Judge Robert A. Mark oversees the case. Brett Lieberman, Esq., at Edelboim Lieberman, PLLC represents the Debtor as legal counsel. SEXTANT STAYS: Plan Administrator Taps Edelboim as Legal Counsel ---------------------------------------------------------------- Kenneth Welt, the Plan Administrator appointed in the Chapter 11 case of Sextant Stays, Inc., doing business as Roami, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Edelboim Lieberman, PLLC as his counsel. The firm's services include: (a) advise the Plan Administrator regarding his rights, powers, duties, and obligations under the Amended Plan and the Confirmation Order; (b) assist the Plan Administrator in implementing and administering the Amended Plan and Confirmation Order; (c) advise and represent the Plan Administrator with respect to the reconciliation, allowance, objection to, estimation of, subordination of, compromise of, and other resolution of claims asserted against the estate; (d) advise and represent the Plan Administrator in connection with distributions to holders of allowed claims under the Amended Plan; (e) advise and represent the Plan Administrator concerning the liquidation, monetization, disposition, and administration of the Debtor's remaining assets; (f) assist the Plan Administrator in connection with reporting obligations; (g) advise the Plan Administrator regarding tax matters, books and records, corporate dissolution matters, and other matters incident to the orderly wind-down of the Debtor's estate; (h) prepare, file, and prosecute applications, motions, objections, notices, responses, and other pleadings as may be necessary or appropriate in this Chapter 11 case; (i) appear on behalf of the Plan Administrator in contested matters, hearings, and other proceedings before this Court; and (j) perform such other legal services for the Plan Administrator as may be necessary and proper in these proceedings; The firm's attorneys will be paid at these hourly rates: Brett Lieberman, Attorney $675 Attorneys and Paralegals $225 - $675 In addition, the firm will seek reimbursement for expenses incurred. Mr. Lieberman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brett D. Lieberman, Esq. Edelboim Lieberman PLLC 2875 NE 191st St. Penthouse One Miami, FL 33180 Telephone: (305) 768-9909 Facsimile: (305) 928-1114 About Sextant Stays Sextant Stays, Inc., doing business as Roami, is a hospitality company that offers urban group travel accommodations in cities such as Miami and New Orleans. Founded in 2016, the company manages entire buildings to provide consistent, design-forward spaces aimed at delivering memorable and connected travel experiences. Sextant Stays' approach bridges the gap between traditional hotels and inconsistent vacation rentals, catering to modern travelers seeking comfort, reliability, and style. Sextant Stays sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-15908) on May 27, 2025, listing $5,033,274 in assets and $15,895,759 in liabilities. Andreas King-Geovanis, chief executive officer, signed the petition. Judge Robert A. Mark oversees the case. Brett Lieberman, Esq., at Edelboim Lieberman, PLLC, is the Debtor's legal counsel. SHARON VITALE: Seeks Approval to Tap Tax Life Savers as Accountant ------------------------------------------------------------------ Sharon Vitale, PA seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Tax Life Savers, Inc. as accountant. The firm will provide these services: (a) prepare tax returns; (b) assist in connection with the Chapter 11 reorganization; and (c) provide other accounting and tax services as required. Ken Moreland, CPA, the primary accountant in this representation, will be paid at his hourly rate of $150. Mr. Moreland disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ken Moreland, CPA Tax Life Savers, Inc. 3042 N. Federal Hwy., Suite 300 Fort Lauderdale, FL 33306 Telephone: (954) 786-7477 Facsimile: (954) 756-7555 Email: info@yourIRSfix.com About Sharon Vitale PA Sharon Vitale PA, doing business as Mobile Wound and Skin Practitioners, is a Florida-based healthcare practice that provides mobile wound and skin care services. The company specializes in the assessment and treatment of chronic and complex wounds, including adult wound management, and delivers services outside traditional clinical settings. Sharon Vitale filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12265) on February 24, 2026, listing $30,551 in assets and $1,645,692 in liabilities. The petition was signed by Sharon Vitale as president. The Debtor tapped Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC as counsel and Tax Life Savers, Inc. as accountant. SHINING WAY: Seeks to Hire Susan D. Lasky as Bankruptcy Counsel --------------------------------------------------------------- Shining Way Esthetics, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Susan D. Lasky, a professional practicing law, to serve as legal counsel. Ms. Lasky will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties as a Debtor In Possession and the continued management of its financial affairs; (b) advise the Debtor with respect to their responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a Plan. Ms. Lasky will receive an hourly rate of $500 for attorney fees and $250 for paralegal services. Susan D. Lasky 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: Susan D. Lasky, Esq. 320 S.E. 18th St Ft. Lauderdale, FL 33316 Telephone: (954) 400-7474 E-mail: Sue@SueLasky.com About Shining Way Esthetics, LLC Shining Way Esthetics LLC is a medical spa in Texas. Shining Way Esthetics LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-33555) on August 2, 2024. In the petition filed by Craig Clayton De Souza, as managing member, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Eduardo V. Rodriguez oversees the case. The Debtor is represented by: Larry A. Vick, Esq. LARRY A. VICK 13501 Katy Freeway, Suite 3474 Houston TX 77079 Telephone: (832) 413-3331 Facsimile: (832) 202-2821 Email: lv@larryvick.com SILVERROCK DEVELOPMENT: Hires Reliable as Administrative Advisor ---------------------------------------------------------------- SilverRock Development Company, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Reliable Companies, doing business as Reliable, as administrative advisor. The firm will provide these services: (a) assist with, among other things, review, tabulate, and audit of ballots cast in respect of the Combined Disclosure Statement and Plan; (b) execute solicitation of the Combined Disclosure Statement and Plan in accordance with the terms of the order approving the Interim Approval and Procedures Motion; (c) prepare a customized report related to voting on the Combined Disclosure Statement and Plan; (d) interface with creditors, holders of interests, and other parties in interest in these Chapter 11 cases regarding solicitations and other communications; (e) review and execute a written declaration regarding voting on the Combined Disclosure Statement and Plan and provide live testimony (if needed) regarding the same at the Combined Hearing (as defined in the Combined Disclosure Statement and Plan); and (f) provide such other and further service, mailing and related services related to the foregoing. The hourly rates of the firm's professionals are as follows: Analyst $35 - $50 Consultant/Senior Consultant $65 - $165 Technology Consultant $65 - $90 Director $175 Solicitation Consultant $190 Director of Solicitation $195 In addition, the firm will seek reimbursement for expenses incurred. Justin Edelson, a director at Reliable, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Justin Edelson Reliable 1650 Arch St., Ste. 2210 Philadelphia, PA 19103 Telephone: (215) 563-3363 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 a 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. Reliable Companies, doing business as Reliable, is the Debtor's administrative advisor. SKY-FRAME INC: Furniture and Vehicle Sale to Multiple Buyers OK'd ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, has granted Sky-Frame Inc. to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor seeks to sell its assets, including four Volkswagen vehicles, one office furniture, office equipment, accounts receivable and showroom modules through an auction process. The Debtor requests approval to sell all of the Assets through an auction process to one or more buyers. The Debtor seeks to assume and assign to the buyer, the lease for the premises upon which the Assets are located and Debtor operates located at 145 N La Brea Ave C, Los Angeles, CA 90036. The Debtor has selected Sky-Frame Americas Inc. (Americas) to serve as the stalking horse bidder at the auction. The Court has authorized the Debtor to sell the furniture assets to Sky-Frame Americas, Inc. and the Volkswagen vehicles to Volkswagen New Century and Volkswagen Pasadena. The designated purchase prices of the furniture and vehicles are also provided. https://urlcurt.com/u?l=ZItDUj The Debtor is authorized to assume and assign the lease for the premises located at 145 N. La Brea Ave., Los Angeles, California, to Sky-Frame Americas, Inc. The Purchasers are good faith purchasers entitled to the protections, and the validity of the sale shall not be affected by any reversal or modification of this Order on appeal unless stayed pending appeal. The Debtor is authorized to take all actions necessary or appropriate to consummate the sale of the Assets and the assumption and assignment of the Lease. About Sky-Frame Inc. Sky-Frame, Inc. develops and produces frameless sliding windows and doors that emphasize flush indoor-outdoor transitions and are engineered in Switzerland for use in architectural and residential projects worldwide. It supplies a range of systems including straight, curved, inclined and pivot configurations, along with options such as insect screens, electric drives, enhanced security features, concealed pockets, shading solutions, bullet-resistant versions and switchable glazing. Its products are installed in several thousand properties across multiple continents and serve the high-end building components and architectural design markets. Sky-Frame filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20955) on Dec. 6, 2025, with $6,099,486 in assets and $9,156,326 in liabilities. Reto Honegger, chief financial officer, signed the petition. Judge Barry Russell oversees the case. Caroline R. Djang, Esq., at Buchalter, A Professional Corp represents the Debtor as counsel. SLEEP QUARTERS: Court OKs Ennis Property Sale to Torrez Property ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has granted Sleep Quarters Plus Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of 2.456 acres of improved real property located at 2400 W. Ennis Ave., Ennis, Texas 75117. The Court has authorized the Debtor to sell the Property to Torrez Property Holdings, LLC for the price of $975,000.00. The Debtor is authorized to fully perform all terms and conditions of the Contract, together with all additional instruments and documents which may be reasonably necessary, convenient or desirable in performing under the Contract, and to take any and all further actions as may be necessary or appropriate in performing the obligations as contemplated by the Contract. Citizens National Bank of Texas will be paid all of the sales proceeds less the title company fees, real estate commissions, ad valorem and personal property taxes and any other reasonable and necessary closing costs at closing. The liens of the taxing authorities that secure payment of pre-petition real property ad valorem taxes plus applicable penalties and interest and pre- and post-petition personal property ad valorem taxes plus applicable penalties and interest shall be paid in full from the sale proceeds at closing and the taxing authorities' liens that secure payment of post-petition 2026 real property ad valorem taxes shall remain affixed to the Property. The real estate firms of Tero Texas for the Debtor and Legacy Realty Group for the Buyer will each receive a sales commission of 3% of the gross sales price at closing. The total sales commission will not exceed 6%. All claims in or against the Property shall attach to the net proceeds arising from the sale of the Property to the Buyer, if any, with the same force, validity, effect, priority and enforceability as such claims had prior to such sale. Any issues regarding the extent, validity, perfection, priority and enforceability of such claims with respect to any net sale proceeds shall be determined by the Court upon proper application at a later date. The Buyer, as transferee of the Property, is a good faith purchaser. About Sleep Quarters Plus Inc. Sleep Quarters Plus, Inc. specializes in the retail distribution of mattresses, bedding essentials, and bedroom furnishings. Based in Texas, the company offers an assortment of sleep-related products through its retail outlets, catering to customers looking for value-oriented and quality bedding options. Sleep Quarters Plus filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-34803) on December 2, 2025. In its petition, the Debtor reported $1 million to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor tapped Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC as legal counsel and Manning & Associates, PC as accountant. SPIRIT AIRLINES: Rescue Talks Underway as Creditors Question Terms ------------------------------------------------------------------ Jonathan Randles and Soma Biswas of Bloomberg News report that Spirit Aviation Holdings Inc. is engaged in highly advanced negotiations with the U.S. government over a major financing package, its lawyer Marshall Huebner said in bankruptcy court on Thursday, April 23, 2026, in New York. He noted that while terms were not publicly detailed, creditor groups have been briefed. The discussions are part of Spirit’s broader restructuring effort as it seeks financial support to continue operations through bankruptcy. The potential deal could play a central role in its emergence from Chapter 11, according to report. According to Bloomberg, the Trump administration has proposed a $500 million financing arrangement that includes warrants giving the government the option to acquire up to 90% ownership of the airline once it exits bankruptcy, though the structure remains unfinalized. The negotiations underscore the stakes involved for both the company and its creditors as they assess how government participation could reshape the carrier’s future ownership, the report states. About Spirit Airlines Spirit Airlines, LLC (SAVE) is a low-fare carrier committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. On the Web: http://wwww.spirit.com/ Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Sean H. Lane oversees the case. The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC, as financial advisor; and Perella Weinberg Partners LP as investment banker. Epiq Corporate Restructuring, LLC, is the claims agent. Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represent the Ad Hoc Group of Senior Secured Noteholders. The official committee of unsecured creditors retained Willkie Farr & Gallagher LLP as counsel. Citigroup Global Markets, Inc., is serving as financial advisor and Latham & Watkins LLP is serving as legal counsel to Frontier. 2nd Attempt Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 25-11896) on August 29, 2025. In its petition, the Debtors reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Marshall Scott Huebner, Esq. and Darren S. Klein, Esq. at Davis Polk & Wardwell LLP. SPIRITRUST LUTHERAN: Hires Lowenstein Sandler as Special Counsel ---------------------------------------------------------------- SpiriTrust Lutheran and its affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Lowenstein Sandler LLP as special counsel. The firm will provide these services: (a) advise the Debtors regarding the pending sale of substantially all of their assets; (b) prepare and file on behalf of the Debtors any and all documents related to the sale transaction; and (c) perform all other legal services for the Debtors related to the sale transaction which may be necessary. The hourly rates of the firm's counsel and staff are as follows: Partners $1,200 - $1,725 Counsel $950 - $1,200 Associates $750 - $950 Paralegals $400 - $600 In addition, the firm will seek reimbursement for expenses incurred. Christopher Ward, Esq., a partner at Lowenstein Sandler, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Christopher A. Ward, Esq. Lowenstein Sandler LLP 1000 N. West Street, Suite 1200 Wilmington, DE 19801 Telephone: (973) 597-2500 Facsimile: (973) 597-2400 Email: cward@lowenstein.com About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. The organization offers in-home skilled nursing, therapy, non-medical support, hospice and palliative care, as well as residential senior living, personal care, assisted living, and related community-based programs. It operates from its headquarters in York, Pennsylvania, as a faith-based nonprofit serving older adults and local communities across the region. SpiriTrust Lutheran and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Lead Case No. 25-03341) on November 21, 2025, with up to $100 million in assets and up to $500 million in liabilities. Melissa Frownfelter, interim president, signed the petitions. Judge Henry W. Van Eck oversees the cases. The Debtors tapped Leavitt Legal Services, PC and Polsinelli PC as counsel; Latsha Davis & Marshall, PC as special counsel; and Novo Advisors, LLC as financial advisor. Stretto, Inc. is the Debtors' claims and noticing agent. SPIRITRUST LUTHERAN: Seeks to Hire Baker Tilly as Accountant ------------------------------------------------------------ SpiriTrust Lutheran and its affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Baker Tilly to act as its accountant during these Chapter 11 proceedings. Baker Tilly will bill on an hourly basis at the rate of $500 per hour. 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 accountant can be reached through: Theresa Meiners Baker Tilly 2599 Wilmington Road New Castle, PA 16105 Phone: (608) 240 2599 Email: tmeiners@bakertilly.com About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. The organization offers in-home skilled nursing, therapy, non-medical support, hospice and palliative care, as well as residential senior living, personal care, assisted living, and related community-based programs. It operates from its headquarters in York, Pennsylvania, as a faith-based nonprofit serving older adults and local communities across the region. SpiriTrust Lutheran and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Lead Case No. 25-03341) on November 21, 2025, with up to $100 million in assets and up to $500 million in liabilities. Melissa Frownfelter, interim president, signed the petitions. Judge Henry W. Van Eck oversees the cases. The Debtors tapped Leavitt Legal Services, PC and Polsinelli PC as counsel; Latsha Davis & Marshall, PC as special counsel; and Novo Advisors, LLC as financial advisor. Stretto, Inc. is the Debtors' claims and noticing agent. SURF CLEAN: Gets Final OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of New York issued a final order authorizing Surf Clean Energy, Inc. to use cash collateral. Under the final order, the Debtor is authorized to use the cash collateral of JPMorgan Chase Bank, N.A. for ordinary course business expenses in accordance with a 13-week approved-budget. This authorization is effective from the filing date and continues through July 19, allowing the Debtor to maintain operations while the bankruptcy case proceeds. The Debtor's budget is available at https://shorturl.at/EQOx2 from PacerMonitor.com. As adequate protection, JPMorgan Chase received a post-petition replacement lien on substantially all assets of the Debtor, whether acquired before or after the bankruptcy filing, subject to certain carveouts. The lien is automatically perfected as of the filing date without further documentation. In addition, beginning June 1, the Debtor must make monthly payments of $3,364.35. The final order establishes a carveout for Subchapter V trustee fees, avoidance actions and their proceeds, up to $5,000 for a Chapter 7 trustee, and up to $25,000 for approved professional fees. Events of default under the final order include the appointment of a bankruptcy trustee or examiner with enlarged powers; dismissal of the Debtor's Chapter 11 case; conversion of the case to one under Chapter 7; unauthorized use of cash collateral; and entry of an order granting relief from or modifying the automatic stay. The final order is available at https://shorturl.at/GDekx from PacerMonitor.com. About Surf Clean Energy Inc. Surf Clean Energy Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-71015) on March 13, 2026, with $500,001 to $1 million in assets and $1 million to $10 million in liabilities. The petition was signed by Tyler Moston as chief executive officer. Judge Sheryl P Giugliano oversees the case. The Debtor is represented by: C. Nathan Dee, Esq. Cullen And Dykman, LLP Tel: 516-357-3700 Email: ndee@cullenanddykman.com SWING ZONE: Seeks Court Approval to Hire Unifi as Bookkeeper ------------------------------------------------------------ Swing Zone, Inc. and AJ Reno Enterprises, LLC seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Unifi as bookkeeper. The Debtors employ Unifi to perform general bookkeeping services, such as: (i) entering all sales, purchases, payments, and other financial activities into accounting software; (ii) monthly bank reconciliations; and (iii) preparing financial reports like Profit & Loss Statements, Income Statements, and Balance Sheets. UniFi charges $350 per month for its bookkeeping services, and $70 per month for the bookkeeping software it uses. UniFi is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code, as modified by Section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: James Srna, CPA Unifi 28005 Smyth Dr. #202 Valencia, CA 91355 Tel: (619) 01-5833 About Swing Zone Inc. Swing Zone, Inc., doing business as Crust Pizza Co Heights, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-32026) on March 27, 2026. In the petition signed by John M. Reno, managing member, the Debtor disclosed up to $100,000 in assets and up to $10 million in liabilities. Lloyd A. Lim, Esq., at Kean Miller LLP, represents the Debtor as legal counsel. SWING ZONE: Seeks to Hire Kean Miller LLP as Bankruptcy Counsel --------------------------------------------------------------- Swing Zone, Inc. and AJ Reno Enterprises, LLC seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Kean Miller LLP as counsel. The firm will render these services: a. render legal advice with respect to the Debtors' powers and duties in the continued operation of the Debtors' businesses as debtors-in-possession; b. take all necessary actions to protect and preserve the Debtors' bankruptcy estate, including the prosecution of actions, contested matters, or other proceedings on behalf of the Debtors, the defense of any actions, contested matters, or proceedings commenced against the Debtors, and negotiations concerning all litigation in which the Debtors are involved; c. prepare all necessary schedules, statements, motions, answers, orders, reports, and other legal papers in connection with the administration of the Debtors' bankruptcy estate; d. assist in preparing and filing a plan of reorganization or liquidation; and e. perform any and all other legal services reasonably necessary or otherwise requested by the Debtors in connection with the Cases. The firm's hourly rates range from between $230 and $720 per hour for attorneys, and $140 to $310 per hour for paraprofessionals. The firm received a total retainer of $30,000. Kean Miller does not hold or represent any interest materially adverse to the Debtors or the estate, and is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Lloyd A. Lim, Esq. KEAN MILLER LLP Texas State Bar No. 24056871 711 Louisiana Street, Suite 1800 Houston, TX 77002-2832 Tel: (713) 844-3000 Email: Lloyd.Lim@KeanMiller.com About Swing Zone Inc. Swing Zone, Inc., doing business as Crust Pizza Co Heights, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-32026) on March 27, 2026. In the petition signed by John M. Reno, managing member, the Debtor disclosed up to $100,000 in assets and up to $10 million in liabilities. Lloyd A. Lim, Esq., at Kean Miller LLP, represents the Debtor as legal counsel. SYSTIMA CAPITAL: S&P Assigns 'BB+' Rating on 2020 Taxable Loan -------------------------------------------------------------- S&P Global Ratings assigned its 'BB+' long-term rating to Systima Capital Management LLC, Del.'s $21.9 million 2020 taxable loan, issued for 255 South State Street Project. The outlook is stable. S&P said, "We have analyzed the project's environmental, social, and governance (ESG) factors relative to its coverage and liquidity, management and governance, and market position. We view the ESG factors to be neutral in our credit analysis. "The stable outlook reflects our view that the project's DSC will likely improve from fiscal 2025 given the recent lease execution of a commercial unit at the base of the project, underpinned by consistent operating performance of the project's residential units. In addition, the stable outlook incorporates our expectation that the owner and property manager will remain diligent in operating and maintaining the project, avoiding deferred maintenance and asset deterioration. "We could take a negative rating action if S&P Global Ratings-calculated DSC drops due to higher expenses, lower revenues, decreased occupancy, or other economic factors that could negatively affect the project's financial strength, exasperating the already elevated risk of cash flow volatility due to the limited unit size of the project. Furthermore, should our assessment of management and governance worsen due to management's actions that negatively affect the project's financial and operational performance, we could revise the outlook to negative or lower the rating. "We could consider taking a positive rating action if the project exhibits material and sustained improvement in coverage, offsetting risks related to cash flow volatility due the unit size of the project." T.E.A.M. PARKER: Gets Final OK to Use Cash Collateral ----------------------------------------------------- T.E.A.M. Parker Hospitality, LLC received final approval from the U.S. Bankruptcy Court for the Middle District of Alabama to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay the expenses necessary to operate its business. This authorization ends immediately upon occurrence of so-called termination events, including failure to file a Chapter 11 plan by May 20 or any extended deadline; removal of T.E.A.M. as debtor-in-possession; and the dismissal or conversion of its Chapter 11 case. PNC Bank, N.A. holds a secured claim under a $1,020,500 SBA loan dated Sept. 30, 2021, secured by a valid first-priority lien on substantially all of the debtor's personal property, including cash collateral. As protection for the Debtor's use of its cash collateral, PNC will receive a replacement lien, with the same validity and priority as its pre-petition lien. This replacement lien automatically attaches to the Debtor's current and future personal property, receivables, inventory, supplies, intangible assets, and cash, subject only to bankruptcy administrative fees and court-approved professional fees. The final order does not determine the validity, priority, or extent of any creditor's lien, and all parties retain the right to challenge claims or seek further relief. The order is available at https://shorturl.at/d4umn from PacerMonitor.com. T.E.A.M.'s Chapter 11 filing was primarily prompted by collection activities from vendors due to account arrears. Immediate access to cash is vital to pay approximately $10,000 in prepetition employee wages and tax withholdings, as well as ongoing costs for food supplies, lease payments, and utilities according to the Debtor. The Debtor reports a relatively lean financial starting point, with a balance of approximately $3,500 in a SmartBank account and no accounts receivable other than those currently being processed through merchant services. However, the business anticipates a steady average monthly income of $150,000. About T.E.A.M. Parker Hospitality LLC T.E.A.M. Parker Hospitality, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-10218) on February 20, 2026. In the petition signed by Elri Parker, owner/managing member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Christopher L. Hawkins oversees the case. Anthony Brian Bush, Esq., at The Bush Law Firm, LLC, represents the Debtor as legal counsel. TALEN ENERGY: Fitch Assigns 'BB-' Rating on Sr. Unsecured Notes --------------------------------------------------------------- Fitch Ratings has assigned Talen Energy Supply, LLC's (Talen) recently issued senior notes a rating of 'BB-' with a Recovery Rating of 'RR4'. Management expects to use the proceeds from these offerings to fund a previously announced acquisition and fully refinance senior secured notes. The rating reflects Talen's aggressive capital allocation policy, which includes an inorganic growth strategy of acquiring generation assets largely funded with debt, and ongoing share repurchases, resulting in gross EBITDA leverage above 3.5x in 2026 under Fitch's assumptions. Talen recently announced the $3.45 billion acquisition of Cornerstone Generation Holdings, LP's (Cornerstone) three plants: Lawrenceburg, IN, Waterford, OH, and Darby, OH. Together, the plants would bring Talen's total generation portfolio to roughly 15.6GW Key Rating Drivers Elevated Leverage: Fitch expects the acquisition of Cornerstone's assets to materially increase EBITDA leverage, with consolidated pro forma leverage rising to approximately 3.9x in 2026 (26% equity funding). Fitch anticipates leverage will gradually improve below the negative rating sensitivity threshold in 2027 and beyond, supported by deleveraging and robust cash flows. Fitch assumes a normalized forward-market curve for capacity and energy prices. Aggressive Capital Allocation Strategy: Talen's $3.45 billion Cornerstone acquisition immediately follows the completion of a $3.7 billion debt-funded acquisition, reflecting aggressive capital deployment within a compressed timeframe. Although Talen has announced a commitment to reduce leverage through a significant paydown of acquisition debt, with a target of net EBITDA leverage below 3.5x, this is contingent on robust FCF under peak capacity and energy price assumptions. This reliance increases financial underperformance risk from weaker-than-expected realized prices. Talen's intention to continue share repurchases despite higher leverage will further constrain deleveraging capacity. Improved Scale but Limited Diversity: Fitch expects Talen's generation capacity to increase to approximately 15.6GW from 13.1GW following the acquisition. Cornerstone's efficient, gas-fired thermal plants provide stable baseload capacity within PJM, offering operational flexibility to support Talen's contracted nuclear generation and potential incremental data center power-purchase agreements (PPAs), driven by AI-related investment. However, the transaction does not materially enhance geographic or asset diversity, as the acquired assets are in PJM, where Talen already generates over 90% of EBITDA. Commodity Price Sensitivity: The announced acquisition will further increase Talen's exposure to energy and capacity price volatility through its merchant generation profile, resulting in potential EBITDA and FCF fluctuations. Talen's capacity margins currently contribute about 30% of total gross margins, based on PJM capacity prices. However, Fitch expects this to decline to 17%-18% as prices normalize, providing modest cash flow stability. Talen's hedging strategy reduces cash flow volatility, with 60%-80% and 40%-60% of generation hedged in the first and second years, respectively. PJM Remains Primary Market: PJM will continue to account for over 90% of Talen's gross margin. Fitch views PJM favorably, as capacity auctions provide additional revenue for generators. However, volatility has increased, with auction prices rising from $28.92/MW-day for 2024/2025 to $329.17/MW-day for 2026/2027, and $333.44/MW-day for 2027/28. Fitch expects PJM auction capacity prices to normalize at $270/MW-day for 2028/2029. Sustained high exposure to a single market increases Talen's vulnerability to regulatory, policy or structural changes within PJM, limiting benefits from geographic diversification. Strong Demand Fundamentals: Talen is positioned to benefit from robust market fundamentals, including above-average demand growth in the PJM region, driven by economic activity, electrification and expanding data center requirements. Fitch expects these factors to support elevated power prices and spark spreads in the near term, benefiting both existing and acquired generation assets. However, the benefits are partially offset by high market concentration and increasing leverage. Stable Nuclear Generation: Talen's Susquehanna nuclear generation benefits from a long-term, fixed-price PPA with Amazon Web Services, Inc. (AWS, a subsidiary of Amazon.com, Inc.: AA-/Stable) beginning in 2025 and ramping from 120 MW, with the ability to ramp up to 1,200 MW by 2029, providing stability to cash flows. The nuclear generation benefits from the federal production tax credit, providing a $43.75/MWh inflation-indexed price floor through at least 2032 for non-PPA capacity, offering material downside cash flow protection. However, operational risks could materially affect financial performance and credit quality. Peer Analysis With respect to size, asset composition and geographic exposure, Talen is unfavorably positioned when compared with Vistra Corp. (Vistra; BBB-/Stable) and Calpine Corporation (Calpine; BBB/Stable). Calpine's ratings reflect the strong linkage to its parent CEG, which exhibits credit quality commensurate with the 'BBB' rating category. Vistra is the largest independent power producer in the country, with approximately 44GW of generation capacity compared to Calpine's 28GW and Talen's 13.1GW, following the addition of Freedom and Guernsey. Talen is largely concentrated in the PJM, contributing over 90% of consolidated EBITDA. Vistra's portfolio derives more than 50% of its consolidated EBITDA from operations in Texas, while Calpine's fleet is more geographically diversified across PJM, Texas and California. Talen and Vistra also benefit from nuclear production tax credits (PTC) provided under the Inflation Reduction Act (IRA). However, Calpine and Vistra have much larger generation portfolios and more diversified fleets. Fitch forecasts Talen's debt-to-EBITDA leverage ratio averaging 3.7x over the next four years, which is weaker than Vistra's expected leverage of 3.0x and stronger than Calpine's pre-acquisition leverage of around 5.0x. The difference in scale, geographic diversity and the overall competitive advantage of the generation fleet drives the difference between the credit profiles of Vistra and Talen. Fitch’s Key Rating-Case Assumptions - Average PJM capacity prices are assumed to be approximately $329/MW-day for 2027/28, $270/MW-day for 2028/29 and $180/MW-Day for 2029/30 - Power prices in PJM normalizing to around $40/MWH over the forecast period of the next four years; - Total capex including nuclear fuel of about $770 million over 2026-2029; - Nuclear PTC contemplated in the IRA remains in place; - Susquehanna realizes revenue in line with nuclear PTC in addition to the currently contracted AWS PPA; - Nuclear fuel expenses are excluded from operating expenses and treated as capex instead; - Share repurchases about $500 million in 2026, $1.1 billion in 2027, and $1 billion in 2028; - Interest rate assumptions are in line with Fitch's Global Economic Outlook. Corporate Rating Tool Inputs and Scores Fitch scored Talen as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): Business and financial profile factors: Management (bb, Moderate), Sector Characteristics (bb, Moderate), Market & Competitive Positioning (b+, Moderate), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (bb-, Higher), Profitability (bb+, Moderate), Financial Structure (b+, Higher), Financial Flexibility (bb+, Moderate). The quantitative financial subfactors are assessed based on standard financial period parameters of 20% weight for the historical fiscal year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. The Governance assessment of 'Good' results in no adjustment. The Operating Environment assessment of 'aa-' results in no adjustment. The SCP is 'bb-'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Pro forma EBITDA leverage exceeding 3.5x over by YE 2026; - An aggressive capital allocation policy that includes any further potential debt funded acquisitions or share repurchases; - Weaker-than-expected power prices or capacity auctions in core regions; - Unfavorable changes in regulatory constructs or rules in Talen's markets; - Constrained liquidity position or out-of-the-money hedges. Factors that Could, Individually or Collectively, Lead to a Revision of Outlook to Stable: - EBITDA leverage is lower than 3.5x on a sustained basis; - Balanced allocation of FCF that maintains balance sheet flexibility and leverage within the stated goal; - Demonstrated ability to hedge effectively and manage liquidity through commodity cycles. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade Given the aggregate debt levels, an upgrade is unlikely. However, Fitch could consider it if: - EBITDA leverage is lower than 2.5x on a sustained basis; - Balanced allocation of FCF that maintains balance sheet flexibility and leverage within the stated goal; - Demonstrated ability to hedge effectively and manage liquidity through commodity cycles. Liquidity and Debt Structure Talen has about $689 million of unrestricted cash as of Dec. 31, 2025. In addition, as of Dec. 31, 2025, Talen has $900 million of undrawn revolver liquidity, which is fully available. The revolver matures in December 2029. The liquidity is sufficient to cover collateral posting requirements, working capital requirements and interest rate expenses under Fitch's rating case assumptions. In November 2025, Talen increased the size of its standalone letter of credit (LC) facility to $1.1 billion. As of Dec. 31, 2025, Talen had $448 million in LCs outstanding under the LC facility. Talen's LC usage will increase over the next three years per the terms of the AWS PPA. There are no significant near-term maturities, however the $131 million PEDFA bonds are subject to mandatory remarketing in 2027. Issuer Profile Talen Energy Supply (Talen), a subsidiary of Talen Energy Corporation, is an independent power producer (IPP) that owns approximately 13.1GW of generation capacity, including 2.2 GW of nuclear power, largely in PJM. Date of Relevant Committee 14 January 2026 MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The Climate.VS for Talen Energy Corporation is 58 in 2035, which is higher than scores of other electricity generators in the U.S and suggests moderate exposure to climate-related risks in that year. Fitch's electricity generation coverage universe consists primarily of renewable generation assets. Talen's Climate.VS reflects growing opposition to electricity generation from fossil fuels, including both coal and natural gas. Talen's generation currently contains sizable exposure to fossil fuels, including about 20% of capacity coming from coal or oil (including Brunner Island). At the moment, these risks do not have a material influence on the rating, given the very long-term timescale over which the transition may take place, the uncertainty regarding the extent and nature of changes, and the markets' and companies' reactions to them. Talen has taken steps to reduce its exposure to methane and other greenhouse gas (GHG) emissions in recent years, and the company is developing renewable generation through an energy storage collaboration with Eos. Amid a backdrop of rapid greening of power generation fleets across the country and investor emphasis on sustainable investments, Fitch views management's long-term strategic initiative to reduce carbon emissions as positive. 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 ----------- ------ -------- Talen Energy Supply, LLC senior unsecured LT BB- New Rating RR4 THOMAS TRIO: Gets OK to Hire Stichter Riedel as Bankruptcy Counsel ------------------------------------------------------------------ The Thomas Trio, LLC, doing business as Mr. Electric of Land O'Lakes, Mr. Electric of Lakeland and Mr. Electric of Roswell-Alpharetta, received approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Stichter, Riedel, Blain & Postler, PA as counsel. The firm will provide these services: (a) advise with respect to the Debtor's powers and duties; (b) prepare on behalf of the Debtor necessary legal papers; (c) appear before this Court and the United States Trustee to represent and protect the interests of the Debtor; (d) assist with and participate in negotiations with creditors and other parties in interest in formulating a Chapter 11 plan, drafting such a plan and a related disclosure statement, and taking necessary legal steps to confirm such a plan; (e) represent the Debtor in all adversary proceedings, contested matters, and matters involving administration of this case; and (f) perform all other legal services that may be necessary for the proper preservation and administration of this Chapter 11 case. The firm received a prepetition retainer of $17,500 from the Debtor. Scott Stichter, Esq., an attorney at Stichter, Riedel, Blain & Postler, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Scott A. Stichter, Esq. Stichter, Riedel, Blain & Postler, PA 110 East Madison Street, Suite 200 Tampa, FL 33602 Telephone: (813) 229-0144 Email: sstitcher@srbp.com About The Thomas Trio LLC The Thomas Trio LLC, based in Zephyrhills, Florida, operates three franchise territories under the Mr. Electric brand: Mr. Electric of Land O' Lakes, Mr. Electric of Lakeland and Mr. Electric of Roswell - Alpharetta, providing electrical installation and repair services to residential and commercial customers. The company maintains franchise relationships with Neighborly and holds separate franchise obligations tied to territories including Land O Lakes, Lakeland, Riverview and Roswell. The Thomas Trio LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02189) on March 20, 2026. In its petition, signed by Melissa Thomas, president, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler, PA. THREEPIECEUS LLC: Gets Final OK to Use Cash Collateral ------------------------------------------------------ Threepieceus, LLC received final approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral. The court issued a final order authorizing the Debtor to use cash collateral for U.S. trustee quarterly fees and other court-approved payments; the budgeted expenses, plus up to a 10% variance per line item, and additional amounts with approval from secured creditors. Any spending outside the budget is not automatically deemed unauthorized but may trigger remedies for secured creditors. As adequate protection, U.S. Bank and other secured creditors will receive post-petition replacement liens matching their pre-bankruptcy lien priority. Additionally, U.S. Bank will continue to receive $2,000 in monthly payments until the effective date of a confirmed Chapter 11 plan; dismissal or conversion of the Debtor's bankruptcy case to one under Chapter 7; or further order of the court. The final order required Threepieceus to meet all debtor-in-possession obligations, maintain required insurance, and provide access to business records. The final order is available at https://tinyurl.com/m3jz6k4f from PacerMonitor.com. The other secured creditors aside from U.S. Bank are U.S. Bank Equipment Finance and the U.S. Small Business Administration. The Debtor owes U.S. Bank and the SBA $5,000 and $756,984.31, respectively. The Debtor estimates that the collective claims of the secured creditors are secured by $21,598.13 in cash, $16,550.54 in collectible accounts receivables, and $157,415 in inventory. U.S. Bank is represented by: Mark E. Steiner, Esq. Liebler Gonzalez & Portuondo Courthouse Tower - 25th Floor 44 West Flagler Street Miami, FL 33130 Tel: (305) 379-0400 mes@lgplaw.com About Threepieceus LLC Threepieceus, LLC is a Florida-based company that designs and sells custom wheels and automotive accessories, operating an online storenat its Largo headquarters. The Company offers a range of products including rims, wheel and tire packages, and accessories from brands such as Work, CCW, SSR, and Fuel Forged. Threepieceus, LLC sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 25-07261) on October 1, 2025, listing $270,753 in assets and $1,395,402 in liabilities. Jake Owens, manager, signed the petition. Judge Roberta A. Colton oversees the case. Ford & Semach, P.A. serves as the Debtor's legal counsel. U.S. Bank, N.A., as secured creditor, is represented by: Mark E. Steiner, Esq. Liebler Gonzalez & Portuondo Courthouse Tower - 25th Floor 44 West Flagler Street Miami, FL 33130 Tel: (305) 379-0400 mes@lgplaw.com TURTLE LANE: Trustee Taps Nicholson Devine LLC as Legal Counsel --------------------------------------------------------------- John O. Desmond, the Chapter 11 Trustee of the estate of Turtle Lane LLC, seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Nicholson Devine LLC as his counsel. The firm will render these services: (a) prepare and file such pleadings as necessary or appropriate to further the Debtor's Chapter 11 proceeding, including, without limitation, motions for use of cash collateral, post-petition financing, the assumption or rejection of executory contracts and unexpired leases, the sale or other disposition of property other than in the ordinary course of business, preparation and proposal to creditors of a plan of reorganization, or for conversion of this case to chapter 7; (b) prepare and file any pleadings, petitions, schedules and statements as may be deemed necessary or appropriate in connection with the bankruptcy case; (c) assist the Trustee in the collection and administration of assets of the estate including filing any and all necessary pleadings and attending any hearings before the Court; (d) litigate, if necessary, any claims which the Trustee determines to be disputed, unenforceable or otherwise merits disposition by the Court; (e) prepare and file, if necessary, the legal documents to conduct a public auction and/or private sale of the debtor's assets and to attend any hearing in connection therewith; and (f) perform any and all other bankruptcy related legal services for the benefit of the Trustee and the estate. The firm's current hourly rates are: Partners $450 Associates $300 to $375 Paralegals $175 About Turtle Lane LLC Turtle Lane LLC focuses on real estate operations, primarily offering property-related services. Turtle Lane LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-11733) on Aug. 21, 2025. In its petition, the Debtor listed assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Judge Christopher J. Panos oversees the case. The Debtor is represented by Christopher M. Condon, Esq., at Bowditch & Dewey, LLP. TYH99 LLC: Commences Chapter 11 Bankruptcy in New York ------------------------------------------------------ On April 21, 2026, TYH99 LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. A meeting of creditors filed by Office of the United States Trustee under Section. 341(a) meeting to be held on 6/1/2026 at 12:30 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6982178. About TYH99 LLC TYH99 LLC is a single asset real estate company. TYH99 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41888) on April 21, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. UNIFIED PROTECTIVE: Commences Chapter 11 Bankruptcy in California ----------------------------------------------------------------- On April 15, 2026, Unified Protective Services filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to between 1 and 49 creditors. Government Proofs of Claim are Due October 13, 2026. About Unified Protective Services Unified Protective Services is a company providing security and protective services for commercial and institutional clients. Unified Protective Services sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13660) on April 15, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1,000,000 and $10,000,000. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Michael Jay Berger. VERA HOLDINGS: Court Extends Cash Collateral Access to May 4 ------------------------------------------------------------ Vera Holdings & Investments, Inc. received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral to fund operations. Under the third interim order, the Debtor is authorized to use cash collateral through May 4 solely for court-approved payments including quarterly fees owed to the U.S. Trustee and operating expenses outlined in its budget. Budget line items may be exceeded by up to 10%, and any additional spending requires written approval from secured creditors Tiger Finance, LLC, Libertas Funding, and Fairwinds Credit Union. The order requires continued engagement of FTI Consulting, Inc., with reporting transparency to creditors and the unsecured creditors' committee. The debtor must also provide ongoing financial reporting and maintain insurance throughout the interim period. The court granted adequate protection to secured creditors through replacement liens on post-petition collateral, with the same validity, extent, and priority as their pre-bankruptcy liens. Vera must also maintain all required insurance coverage and comply with debtor-in-possession duties under the Bankruptcy Code. A committee carve-out of $50,000 per week is reserved for professional fees. The next hearing is scheduled for May 5. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/bDSXY from PacerMonitor.com. Vera has three secured creditors with potential liens on the cash collateral: Tiger Finance in first position, Libertas Funding in second, and Fairwinds Credit Union. As of the petition date, the Debtor estimates cash on hand of about $184,000 and accounts receivable of roughly $24.8 million. Fairwinds Credit Union, as secured creditor, is represented by: Ryan E. Davis, Esq. Winderweedle, Haines Ward & Woodman, PA 329 Park Avenue North, Second Floor Post Office Box 880 Winter Park, FL 32792-0880 Telephone: (407) 423-4246 Facsimile: (407) 645-3728 rdavis@whww.com About Vera Holdings & Investments Inc. Vera Holdings & Investments, Inc. is a Florida-based holding company managing investment assets across multiple sectors. Vera filed its Chapter 11 petition under the U.S. Bankruptcy Code (Bankr. Case No. 26-00763) on February 4, 2026. In its filing, the Debtor disclosed estimated assets of $500 million to $1 billion and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Grace E. Robson oversees the proceedings. The Debtor is represented by Frank M. Wolff, Esq. of Nardella & Nardella, PLLC. VERDE REAL: Revenues, Financing, or Sale Proceeds, to Fund Plan --------------------------------------------------------------- Verde Real Estate Holdings LLC filed with the U.S. Bankruptcy Court for the District of Nevada a Disclosure Statement describing Plan of Reorganization dated April 15, 2026. The Debtor is a limited liability company formed in Nevada on April 25, 2019, and is registered to transact business in the State of California. The Debtor's primary purpose was to acquire, develop, and operate the real property commonly known as 84829-84849 Avenue 48, Coachella, CA 92236 ("Property"). The Property consists of a partially constructed commercial development that currently leases the completed commercial spaces to cannabis growers or sellers. Out of nine buildings, two remain incomplete and under construction. Fairview Investment Fund V, LP alleges that it is the holder of a Promissory Note ("Original Note") by Debtor dated December 31, 2021, in the original principal amount of $11,700,000. Fairview alleges that the Original Note was amended and restated by an Amended and Restated Promissory Note dated May 8, 2023, in the original principal amount of $12,984,000 ("First Amended Note"). The Fairview loan funds under the Note were used by Debtor to partially fund construction of the Property. Verde Partners, Inc. ("VP") did not have legal counsel to respond to the involuntary petition, and an order for relief was entered in that chapter 7 case by default on June 30, 2025. W. Donald Gieseke was appointed trustee of VP's chapter 7 case. In that case, Trustee Gieseke employed a broker and attempted to sell the Debtor's Property without success under a stipulated agreement with Fairview. After dismissal of VP's chapter 7 case, Debtor's Note with Fairview was still in default with Fairview scheduling a renewed foreclosure sale for January 15, 2026. To prevent foreclosure of its Property and provide an opportunity to reorganize and pay all of its creditors, the Debtor then filed its chapter 11 case on the Petition Date. Class 4 consists of the Debtor's unsecured claims for goods, services, loans, and extensions of credit that benefited the Property or Debtor's business operations. The Allowed Class 4 claims will accrue interest at 2% per annum from the Petition Date until paid in full and shall be paid by the Debtor from quarterly installments of $200,000 starting July 1, 2028, and continuing on the first day of each calendar quarter thereafter until paid in full, with each quarterly payment to be distributed on a pro rata basis among all allowed Class 4 claims. If the Debtor sells the Property, the Debtor shall pay allowed Class 4 claims on a pro rata basis with allowed Class 4 claims from the net sale proceeds remaining after payment of all other allowed secured and higher priority claims. Remaining unpaid allowed Class 4 claim amounts, if any, shall be discharged to the extent allowed under the Bankruptcy Code. If insufficient sale proceeds exist to pay allowed Class 4 claims in full, no distribution shall be made to Class 5 equity holders. Accordingly, Class 4 claims are impaired under the Plan. The Class 5 equity interests of the Debtor as of the Petition Date shall not be modified, but the Debtor shall not make any economic distributions to equity holders on account of their equity interests in the Debtor unless and until after all allowed higher priority claims, including Class 4, are paid in full with accrued interest under the Plan. The Debtor intends to fund its obligations under the Plan from a combination of borrowed funds, leasing revenues, permanent financing, and/or sale proceeds. A full-text copy of the Disclosure Statement dated April 15, 2026 is available at https://urlcurt.com/u?l=whCOOS from PacerMonitor.com at no charge. Counsel to the Debtor: Stephen Harris, Esq. Harris Law Practice LLC 850 E. Patriot Blvd., Suite F Reno, NV 89511 Telephone: (775) 786-7600 Email: steve@harrislawreno.com About Verde Real Estate Holdings LLC Verde Real Estate Holdings LLC is a real estate holding company focused on the ownership, management, and investment of commercial and residential properties. Verde Real Estate Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50036) on January 15, 2026. In its petition, the Debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Hilary L. Barnes handles the case. The Debtor is represented by Norma Guariglia, Esq. of Harris Law Practice LLC. WESTERN REGIONAL: Seeks to Tap Compass Inc as Real Estate Broker ---------------------------------------------------------------- Western Regional Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Jesse Ramos of Compass Inc. as real estate broker. The firm will procure and submit to the Debtor offers to purchase Unit 119 1/2 with an estimated value of $540,000. Unit 119 1/2 is a mirror image of Unit 117 1/2 which was previously sold for $549,000 in December 2022. The agent's commission is equal to 3 percent of the purchase price. Mr. Ramos assured the court that Compass Inc. has no adverse interest in the estate and is a disinterested person within the meaning of Bankruptcy Code section 101(14). The firm can be reached through: Jesse Ramos Compass, Inc. 110 Fifth Avenue, 3rd Floor New York NY 10011 Mobile: (626) 840-0706 Office: (626) 205-4040 Email: jesse.ramos@compass.com About Western Regional Properties Western Regional Properties, LLC, owns, as tenant-in-common, properties in Los Angeles, Calif., valued at $1.3 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-10860) on May 28, 2024. In the petition signed by Temidayo Akinyemi, managing member, the Debtor disclosed $1,374,512 in total assets and $934,036 in total liabilities. Judge Martin R. Barash oversees the case. Richard T. Baum, Esq., represents the Debtor as legal counsel. WHITEHALL HOMES: Seeks Chapter 11 Bankruptcy in New York -------------------------------------------------------- On April 23, 2026, Whitehall Homes Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on May 28, 2026 at 02:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 7219992. About Whitehall Homes Corp. Whitehall Homes Corp. is a single asset real estate company. Whitehall Homes Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-71596) on April 23, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each ranging from $1,000,000 to $10,000,000. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by Robert M. Sasloff, Esq. of Jacobs P.C. WHITEHALL HOMES: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Whitehall Homes Corp. 67 Whitehall Blvd Garden City, NY 11530 Business Description: Whitehall Homes Corp. 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. Chapter 11 Petition Date: April 23, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-71596 Judge: Hon. Louis A Scarcella Debtor's Counsel: Leo Jacobs, Esq. JACOBS P.C. 717 5th Avenue, Fl 17 New York, NY 10022 Tel: (212) 229-0476 Email: leo@jacobspc.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Christopher Fasullo as president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. 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