260602.mbx

260602.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, June 2, 2026, Vol. 30, No. 153 Headlines 1909 LLC: Commences Chapter 11 Bankruptcy in Nevada 3120/30 KINGSBRIDGE: Seeks Chapter 11 Bankruptcy in New York 336 RESTAURANT: Seeks Cash Collateral Access 40 HALSTEAD: Seeks Chapter 11 Bankruptcy in New Jersey A & A BODY WORKS: Court Extends Cash Collateral Access to July 2 A NEW START: Cash Collateral Hearing Set for June 11 ACCENDRA HEALTH: Launches Exchange Offers and Consent Solicitations ADONAI CONGREGATE: No Patient Complaints, 2nd PCO Report Says ADRIANA TAFUR: Files Emergency Bid to Use Cash Collateral AH CROWN INVESTMENT: Seeks Chapter 7 Bankruptcy in Florida AKIBAZ LLC: Gets Interim OK to Use Cash Collateral ALGORHYTHM HOLDINGS: Regains Nasdaq Stockholders' Equity Compliance ALLSTAR PROPERTIES: Seeks to Use Cash Collateral Thru Dec 31 ALLSTATE LENDING: Committee Hires Franklin Soto Leeds as Counsel ALTOMAR HOME: Hires Meza Valverde & Associates LLC as Accountant AMERICAN CONTRACTORS: Gets Interim OK to Use Cash Collateral AMERICAN HEALTH: Seeks to Hire BAS CPA PLLC as Accountant AMERICAN TOOL: Lender Seeks to Prohibit Cash Collateral Access ANNIE EYELASH: Seeks Cash Collateral Access ANTELOPE HOSPITALITY: Plan Exclusivity Period Extended to June 22 ANTONIO MUNOZ: Hires Law Offices of John E. Freeman as Mediator APPLE iSPORTS: 1st Quarter Net Loss Narrows to $385K ARCHITECTURAL GLAZING: Seeks Cash Collateral Access ARMADILLO PIZZA: Unsecureds to Get Share of Income for 60 Months ASCENSION TOWING: Leo Congeni Named Subchapter V Trustee AURORA FUEL: Has Deal on Cash Collateral Access AUZMET ARCHITECTURAL: Seeks Chapter 7 Bankruptcy, Closes Dallas Biz AVIAN PARTNERS: Seeks Chapter 11 Bankruptcy in Arizona B&A CHILDCARE: Gets Final OK to Use Cash Collateral BALLAST DESIGN: Gets Interim OK to Use Cash Collateral BANNER CHEMICAL: Gets Final OK to Use Cash Collateral BASECOAT ON FIFTH: Files Emergency Bid to Use Cash Collateral BELLA FAMILY: Unsecureds Will Get 1% of Claims over 36 Months BESTAR INC: Wins Chapter 15 Recognition Amid Deposit Fight BLESS YOUR HEART: Employs Lane Law Firm as Legal Counsel BOTTOMLINE INK: 180-Day Extension for Plan Filing Granted BOTW HOLDINGS: Amends Unsecured Claims Pay Details BROADWAY FORD: Has Deal Cash Collateral Access CARBON HEALTH: Secures OK to Exit Chapter 11 After Creditor Deal CARBON HEALTH: Unsecureds to Get Share of Trust Interests in Plan CARE FOR THE ELDERLY: No Decline in Patient Care, PCO Reports CAROLINA RENOVATION: Gets Final OK to Use Cash Collateral CHANNEL OP: Seeks Cash Collateral Access Thru Oct 12 CHICAGO THEATRE: S&P Affirms 'BB' Rating on 2025A-B Revenue Bonds CHRISTOS FARM: Commences Chapter 7 Bankruptcy in Pennsylvania CJC SHELL: Cash Collateral Hearing Set for June 3 CLEARSEA CORP: Carlos Garcia Miranda Named Subchapter V Trustee CRELL INC: Unsecureds Will Get 23% of Claims over 36 Months DAN LEPORE & SONS: Gets Extension to Access Cash Collateral DAX INTERNATIONAL: Files Emergency Bid to Use Cash Collateral DECATUR, AR: S&P Affirms 'BB+' Rating on 2022 Refunding Bonds DELLA RAGIONE: Final Hearing Today on Bid to Use Cash Collateral DIOCESE OF ALEXANDRIA: Plan Exclusivity Period Extended to June 30 DK ARENA: Seeks Court Approval to Hire Furr and Cohen as Counsel DNA X: Net Income Jumps to $6.3MM in Q1 2026; Going Concern Stays DUKAY TRUCKING: Seeks Chapter 7 Bankruptcy in Illinois EAD CONSTRUCTORS: Seeks to Extend Plan Exclusivity to July 19 EAZY-PZ LLC: Seeks Cash Collateral Access Thru Dec 15 EMERALD TECHNOLOGIES: S&P Raises ICR to 'CCC', Outlook Developing EMORY INDUSTRIAL: Seeks Approval to Hire ScaleNorth as Accountant EPIPHANY REALTY: Frederick Bunol Named Subchapter V Trustee EQUUS TOTAL: Q1 Net Increase in Assets Rises to $4.11M EVERY BLOOMING THING: Gets Court OK to Use Cash Collateral EVONA LLC: Court Extends Cash Collateral Access to July 25 FABRICATION DESIGNS: Gets Final OK to Use Cash Collateral FARMHOUSE INC: 1st Quarter Net Loss Totals $155K FINANCE OF AMERICA: All Three Key Proposals Pass at Annual Meeting FIRST BRANDS: Faces U.S. Fraud Claim Over Alleged Tariff Evasion FIRST BRANDS: Pact Clears Collateral Sale While Dispute Continues FLOURISH RESTAURANTS: Gets Final OK to Use Cash Collateral FORBES DISTRIBUTION: Starts Chapter 11 Bankruptcy in South Carolina FORK FOOD: Gets Final OK for DIP Loan From Fork Food Incubator FU BANG GROUP: Seeks to Use Cash Collateral GATES ENTERPRISES: Gets Interim OK to Use Cash Collateral GEDDO CORPORATION: Gets Final OK to Use Cash Collateral GEORGE AVE 2: Seeks Chapter 11 Bankruptcy in Colorado GLG INVESTMENTS: Files Emergency Bid to Use Cash Collateral GOLDENPEAKS CAPITAL: European Solar Co. Seeks Chapter 11 Bankruptcy GREAT WALL INTERNATIONAL: Seeks Chapter 11 Bankruptcy in California H.4.L. LLC: Seeks Approval to Hire Ronald D. Weiss as Counsel HAINES PROPERTIES: Case Summary & Seven Unsecured Creditors HIDALGO GROUP: To Hire Law Offices of Richard R. Robles as Counsel HUBBARD INGREDIENTS: Commences Chapter 11 Bankruptcy in Kansas HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to Sept. 17 HYE NURSES: U.S. Trustee Appoints Stanley Otake as PCO INGENOVIS HEALTH: Advised by Davis Polk in Restructuring INNOVITY VENTURES: Employs Conroy Baran as Bankruptcy Counsel INNOVITY VENTURES: Taps Marshall & Stevens as CRO IQSTEL INC: Q1 2026 Loss Widens to $1.4M; Going Concern Doubt Stays J KRUZE INVESTMENTS: Seeks Cash Collateral Access JACQUELINE D MOORE: Hires Management Concepts CPAs as Accountant JFY PROPERTIES: Initiates Chapter 11 Bankruptcy in Maryland JMKA LLC: Updates Restructuring Plan Disclosures KACHINA AIR: Bid to Review Net Worth Determination Granted in Part KALAMAZOO CANDLE: Seeks to Use Cash Collateral KEN'S BAR-B-QUE: Hearing Today on Bid to Use Cash Collateral KEY PAINTING: Gets Final OK to Use Cash Collateral KINETIK HOLDINGS: S&P Affirms 'BB+' ICR on Continued Expansion LEACH PAINTING: Gets Interim OK to Use Cash Collateral LEGACY WORLDWIDE: Hires Rountree Leitman Klein & Geer as Counsel LEISURE INVESTMENTS: Says Ex-CEO Diverted Funds for Miami Penthouse LENA BRANDS: Gets Extension to Access Cash Collateral LEXORA INC: Gets Fifth Interim OK for Post-Petition Factoring Deal LITHOTYPE COMPANY: Court Extends Cash Collateral Access to June 5 LIVECONNECTIONS.ORG: U.S. Trustee Flags Missed Chapter 11 Reports LOIS MIRIAM: Files Emergency Bid to Use Cash Collateral LOVO INC: AI Voice Firm Seeks Ch. 7 Bankruptcy Amid Copyright Suit LUCERO LLC: Has Until July 10 to Use Cash Collateral MADRONE - MS STUDENT: S&P Assigns 'BB+' Rating on Revenue Bonds MAKIIN LLC: Gets Interim OK to Use Cash Collateral MAPLE TREE: Employs Kemp Tax Services as Accountant and Bookkeeper MARTEZ INC: Case Summary & 19 Unsecured Creditors MARTIN’S DISPOSAL: Gets Final OK to Use Cash Collateral MAYFLOWER CHOICE: Seeks Cash Collateral Access MED-RIDE INC: Unsecured Creditors to Split $55K over 5 Years MEDICAL SOLUTIONS: S&P Downgrades ICR to 'CCC-', Outlook Negative N.K.G. CORP: Gets Interim OK to Use Cash Collateral NEOTEK INC: Seeks Approval to Hire Lindauer & Vaughn as Counsel NEW FAITH: Seeks to Hire Rountree Leitman as Legal Counsel NUSSBAUM LOWINGER: NY Judge Doubts Ch.11 Eligibility of Affiliates OAK-BARK CORP: Case Summary & 15 Unsecured Creditors OLIVER ARMS: Employs Rountree Leitman Klein as Legal Counsel OLIVER FORREST: Hires Rountree, Leitman as Legal Counsel OPTIV INC: S&P Upgrades ICR to 'CCC+', Outlook Negative OSCAR ACQUISITIONCO: S&P Upgrades ICR to 'CCC', Outlook Negative PARKERVISION INC: Appoints Anthony Bowers to Board of Directors PATHFINDER AUTO: Seeks 60-Day Extension of Plan Filing Deadline PHOENIX FUND: Has Deal on Cash Collateral Access PICO-UNION HOUSING: Has Deal on Cash Collateral Access PIONEER GREEN: Claims to be Paid from Income & Sale Proceeds PLATES RESTAURANT: Seeks to Hire Rountree Leitman as Counsel PLAZA CONTINENTAL: Hires Raines Feldman as Bankruptcy Counsel POLAR POWER: Loss Narrows to $178K; Eviction Threatens Operations PRAIRIE EYE: Seeks Court Approval to Hire Sikich LLC as Accountant PREMIER GENERATOR: Hires George E. Jacobs as Attorney PRIME LIMITED: Files Emergency Bid to Use Cash Collateral PRO RACKING: Hires Accelera Accounting and Finance as Accountant PROGRESS TELECOMM: Files Emergency Bid to Use Cash Collateral PURSE LADIES: Gets Interim OK to Use Cash Collateral QON CONN: Monique Almy Named Subchapter V Trustee QUITMAN COMMUNITY: Case Summary & 20 Largest Unsecured Creditors QVC GROUP: Preferred Shareholders Contest Chapter 11 Plan RADYO PANOU: Commences Chapter 7 Bankruptcy in New York RAGUSE FAMILY: Seeks $12.5MM DIP Loan from East West Bank RAILHEAD INC: Court Extends Cash Collateral Access to July 10 RAMDEEN'S ELECTRICAL: Seeks to Use Cash Collateral REBORN COFFEE: Q1 Net Loss Narrows to $1.83 Million RECOLETA LLC: Hires Rodriguez Espola LLC as Estate Accountant REINFRO LLC: Unsecureds Will Get 65.76% of Claims over 5 Years REVI EXPRESS: Seeks Subchapter V Bankruptcy in Massachusetts RND PROPERTIES: Hires Toni Campbell Parker as Counsel ROCKFORD SILK: Unsecured Creditors to Split $125K over 5 Years ROLLING GREENS: Seeks Chapter 11 Bankruptcy in California ROUTE 2 LLC: Commences Chapter 11 Bankruptcy in Arizona RTB DIGITAL: Finalizes Merger with RYVYL, James Heckman Named CEO RUNWAY MEDICAL: Charles Persing Named Subchapter V Trustee SAINT AUGUSTINE'S: No Enrollees, Plans to Sell Part of Campus SAKS GLOBAL: Uses New Tactic to Expedite Chapter 11 Bankruptcy Case SALT LAKE DISTILLERY: Seeks to Use Cash Collateral Thru Nov 2026 SANDY LANE: Case Summary & One Unsecured Creditor SCILEX HOLDING: Q1 Loss Widens to $45.7MM; Going Concern Deepens SELECTIS HEALTH: Appoints Krystal Eckhart as Interim CEO and CFO SELECTIS HEALTH: Swings to $6.53M Net Income in First Quarter SERRA GAUCHA: Gets Court OK to Use Cash Collateral SLOAN SCHOOL: Gets Final OK to Use Cash Collateral SMITTY'S LAND V: Commences Chapter 11 Bankruptcy in Arizona SMITTY'S LAND V: Voluntary Chapter 11 Case Summary SMOKIN OAKS: Case Summary & 20 Largest Unsecured Creditors SPEYSIDE HOLDINGS: Hires Hilco Real Estate as Real Estate Agents SPIRIT AIRLINES: 3rd Circuit Affirms Toss of Site Tracking Claims SPIRIT AVIATION: Company's Collapse Shakes Budget Airline Sector STAR213PROPERTY LLC: Commences Chapter 7 Bankruptcy in New York STARCO BRANDS: Swings to $829,720 Net Loss in Q1 2026 STAY LLC: Unsecured Creditors to Split $39,600 over 36 Months STEVE CLARK: Plan Exclusivity Period Extended to June 8 SUMMER FUN: Files Emergency Bid to Use Cash Collateral SUN GIR: Gets Interim OK to Use Cash Collateral SUN GIR: Seeks Chapter 11 Bankruptcy, Liquidates 49 Stores SUNSET PALM: Seeks to Hire Lorium PLLC as Legal Counsel SUPRA NATIONAL: Plan Exclusivity Period Extended to June 26 TCB INVESTMENTS: Taps Gambrell & Associates as Legal Counsel TCW REMODEL: Jerrett McConnell Named Subchapter V Trustee TENTH PLACE: Commences Chapter 11 Bankruptcy in Arizona TEXACO INC: Ends Ch.11 Decision Appeal Allowing La. Suit to Proceed THREE OAKS: Court OKs for Final Use of Cash Collateral THRILL INTERMEDIATE: Seeks to Extend Plan Exclusivity to June 5 TIGER CAPITAL: Gets Interim OK to Use Cash Collateral TLC OPERATIONS: Cash Collateral Hearing Set for June 23 TM36 LLC: Seeks to Extend Plan Exclusivity to Sept. 1 TRINITY POOLS: Seeks to Use Cash Collateral TRINKINTRINKIN REST: Files Emergency Bid to Use Cash Collateral TRINSEO PLC: Apollo, Oaktree Face Lender Suit Over Liability Deals TRINSEO PLC: Takes Next Step in Restructuring With Ch. 11 Filing TRIPLE STICKS: Final Hearing Today on Bid to Use Cash Collateral TRUETT MEMORIAL: Seeks Cash Collateral Access UNCLE NEAREST: Court Expands Receivership Scope UO1351E233 LLC: Seeks Chapter 11 Bankruptcy in New York US MAGNESIUM: Plan Exclusivity Period Extended to July 7 VANGUARD CUSTOM: Court Extends Cash Collateral Access to June 29 VCHG GHOST: Initiates Subchapter V Bankruptcy in New York WAIKOLOA VILLAGE: Files Emergency Bid to Use Cash Collateral WAIKOLOA VILLAGE: Section 341(a) Meeting of Creditors on June 18 WALNUT RIDGE: Seeks Cash Collateral Access WELLPATH HOLDINGS: Section 1983 Claims Tossed in Gavilan-Cruz Case WEST RIDGE: Unsecureds to Get Share of Trade Creditor Fund WILFONG HOSPITALITY: Seeks Chapter 11 Bankruptcy in West Virginia WISE INVESTMENT: Gina Klump Named Subchapter V Trustee [] ATTOM Q2 2026 Report Shows Rise in Zombie Foreclosure Rates [] FTI Appoints Damon Yousefy as Senior Managing Director [] Jerry Hall Joins Dechert's Restructuring Practice as Partner [] Kenneth Kansa Joins Steptoe's Insolvency Practice in Chicago [] Vida Law Firm Explains Bankruptcy Options for Business Owners ********* 1909 LLC: Commences Chapter 11 Bankruptcy in Nevada --------------------------------------------------- On May 26, 2026, 1909 LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Nevada. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 25, 2026 at 09:00 AM at Telephonic. Chapter 11 Plan filing deadline set for September 23, 2026. About 1909 LLC 1909 LLC is a limited liability company engaged in business and investment-related activities. 1909 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13286) on May 26, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by David A. Riggi, Esq. of Riggi Law Firm. 3120/30 KINGSBRIDGE: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------------ On May 26, 2026, 3120/30 Kingsbridge Avenue LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 24, 2026 at 01:30 PM at Zoom.us - USTrustee 7: Meeting ID 161 1242 4438, Passcode 8901234678, Phone 1 (202) 793-2740. Deadline to file Chapter 11 Plan and Disclosure Statement is set for September 23, 2026. About 3120/30 Kingsbridge Avenue LLC 3120/30 Kingsbridge Avenue LLC is a real estate company engaged in the ownership, management, and investment of property assets. 3120/30 Kingsbridge Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11242) on May 26, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by Rachel S. Blumenfeld, Esq. of Law Office of Rachel Blumenfeld. 336 RESTAURANT: Seeks Cash Collateral Access -------------------------------------------- 336 Restaurant LLC, doing business as Amalfi Coastal Kitchen & Cocktails and formerly known as Centro Italian, asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection. The cash collateral belongs to EBF Holdings LLC, doing business as Everest Business Funding. The restaurant, located in Hampton Bays, New York, operates a Southern Italian-style restaurant in the Hamptons and filed for Chapter 11 protection on May 14, 2026. The Debtor intends to reopen for the seasonal summer business immediately after the filing and argues that uninterrupted access to operating funds is essential to preserving the business as a going concern. Prior to bankruptcy, the Debtor entered into a Revenue Based Financing agreement with Everest Business Funding under which the lender purportedly purchased $118,150 in future receivables for $83,260, requiring weekly payments of $3,580.30. Although the lender filed a UCC-1 financing statement asserting a security interest in the restaurant's future receipts and other payment streams, the Debtor disputes the characterization of the transaction, contending it was actually a disguised usurious loan rather than a true sale of receivables under New York law. Nevertheless, the Debtor states that it intends to continue making contractual weekly payments to the lender during the bankruptcy case. The Debtor seeks permission to use the cash collateral in accordance with a 13-week operating budget covering payroll, rent, utilities, inventory, and other ordinary business expenses. Projected expenditures total approximately $1.45 million, while projected receipts are estimated at roughly $1.77 million during the same period. As adequate protection for the lender, the Debtor proposes replacement liens on post-petition assets, weekly adequate protection payments consistent with the financing agreement, financial reporting obligations, inspection rights, and a carve-out protecting bankruptcy administrative expenses and professional fees. The proposed authority to use cash collateral would terminate upon specified default events, conversion or dismissal of the case, appointment of a trustee, or significant budget variances. A copy of the motion is available at https://urlcurt.com/u?l=5Mo7Yw from PacerMonitor.com. About 336 Restaurant LLC 336 Restaurant LLC is a food service and hospitality company engaged in restaurant operations and dining-related services. 336 Restaurant LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-71960) on May 14, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. The Debtor is represented by Nico G. Pizzo, Esq. of Rosen, Tsionis & Pizzo, PLLC. 40 HALSTEAD: Seeks Chapter 11 Bankruptcy in New Jersey ------------------------------------------------------ On May 26, 2026, 40 Halstead St LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 1, 2026 at 03:00 PM at Telephonic. Government Proof of Claim deadline is set for November 23, 2026. About 40 Halstead St LLC 40 Halstead St LLC is a limited liability company engaged in real estate ownership, management, and investment activities. 40 Halstead St LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15889) on May 26, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Stacey L. Meisel handles the case. A & A BODY WORKS: Court Extends Cash Collateral Access to July 2 ---------------------------------------------------------------- A & A Body Works On Grand, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The court entered a fourth interim order authorizing the Debtor to use cash collateral from May 28 through July 2 in accordance with its budget, with up to a 10% variance. The Debtor projects total operational expenses of $174,068.69 for June. As adequate protection, lien claimants including ECapital Loan Fund III, LP and the Illinois Department of Revenue will receive replacement liens on the Debtor's post-petition assets with the same priority as their pre-petition liens. ECapital will also receive a $5,000 payment by June 15. Additional protections include inspection rights, mandatory insurance coverage, and maintenance of collateral. A continued hearing is scheduled for June 30. The order is available at http://bankrupt.com/misc/AandABody_4ICCOrder.pdf About A & A Body Works On Grand Inc. A & A Body Works On Grand, Inc. provides automotive body repair and collision repair services, including bumper repair and replacement, windshield and window replacement, dent and scratch repair, mirror replacement, frame straightening, suspension repairs, mechanical repairs, and automotive painting with paint matching. It operates auto body repair facilities in the Chicago metropolitan area, serving vehicle owners requiring collision, structural, and cosmetic vehicle repairs. A & A Body Works On Grand sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03824) on March 3, 2026, with $1 million to $10 million in both assets and liabilities. Angelo Resendez Jr., president, signed the petition. Judge Deborah L. Thorne oversees the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. A NEW START: Cash Collateral Hearing Set for June 11 ---------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Kentucky, Owensboro Division, is set to hold a hearing on June 11 to consider extending A New Start Primary Care, LLC's authority to use cash collateral. The Debtor's authority to use cash collateral under the court's April 29 interim order expires on June 11. The interim order approved the payment of expenses with cash collateral in accordance with the Debtor's budget and granted Farmers Bank & Trust Company, a secured creditor, replacement liens on the Debtor's post-petition assets, with the same scope and priority as its pre-petition liens. The replacement liens exclude Chapter 5 avoidance actions and are subordinate to administrative expenses if the Debtor's Chapter 11 case converts to Chapter 7. The interim order also authorized the Debtor to make agreed post-petition payments to the Subchapter V trustee. = About A New Start Primary Care LLC Based in Central City, Kentucky, A New Start Primary Care, LLC and A New Start II, LLC 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. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 26-40292) on April 17, 2026. Timothy Dukes, member, president and chief executive officer, signed the petitions. At the time of the filing, A New Start Primary Care disclosed up to $50,000 in assets and $1 million to $10 million in liabilities while A New Start II listed $1 million to $10 million in both assets and liabilities. Judge Charles R. Merrill presides over the case. Heather M. Thacker, Esq., at Gartland Thacker DelCotto, PLLC represents the Debtors as legal counsel. ACCENDRA HEALTH: Launches Exchange Offers and Consent Solicitations ------------------------------------------------------------------- Accendra Health, Inc. announced on May 22, 2026, that it has commenced an offer to exchange any and all of the Company's outstanding 4.500% Senior Notes due 2029 and 6.625% Senior Notes due 2030. Eligible Holders of 2029 Notes that participate in the New Money Notes Issuance will be able to exchange such 2029 Notes for newly issued 9.000% Senior Secured First Lien Notes due 2032 and newly issued 9.750% Senior Secured Second Lien Notes due 2033. Eligible Holders of 2029 Notes that do not participate in the New Money Notes Issuance and Eligible Holders of 2030 Notes will be able to exchange such notes for Second Lien Notes. In addition, the Company is soliciting consents from Eligible Holders of the Existing Notes to adopt certain proposed amendments to the indentures governing the Existing Notes to eliminate substantially all of the affirmative and negative covenants, eliminate certain events of default, modify covenants regarding mergers and consolidations and modify or eliminate certain other provisions contained in the Existing Notes Indentures, including provisions related to defeasance. In connection with the Exchange Offer for the 2029 Notes, the Company is also offering $326.25 million in aggregate principal amount of newly issued First Lien Notes for cash. The New Notes will be issued by the Company and guaranteed on a senior secured basis by the Company's existing and future wholly-owned domestic subsidiaries (including each subsidiary guarantor of the Existing Notes). Each Eligible Holder of 2029 Notes (other than the Backstop Parties) will only be entitled to receive the New Money Participant Early Exchange Consideration if they tender their 2029 Notes at or prior to the Early Exchange Time and deliver in cash their pro rata cash portion of $65.25 million in aggregate principal amount of First Lien Notes to the Exchange Agent by the Funding Date. The Company's obligation to accept for exchange Existing Notes validly tendered (and not validly withdrawn) and to complete the New Money Notes Issuance pursuant to the Offers and related Consent Solicitations is subject to the satisfaction or, if permitted, waiver of certain conditions set forth in the confidential offering memorandum and consent solicitation statement, dated May 22, 2026. On May 11, 2026, the Company entered into a Commitment and Consent Letter with certain holders of Existing Notes and certain of the Company's existing lenders, pursuant to which, among other things, each Commitment Party agreed to tender their Existing Notes in the Exchange Offers and deliver their Consents in respect thereof in the Consent Solicitations. Pursuant to the Commitment Agreement, the applicable Commitment Parties have committed to tender approximately all of the aggregate outstanding principal amount of 2029 Notes and approximately 83% of the aggregate outstanding principal amount of 2030 Notes, in each case subject to the terms and conditions set forth in the Commitment Agreement and provide their consent to the Proposed Amendments in the Consent Solicitations. In addition, certain of the Commitment Partie have agreed to purchase: (i) their agreed percentage of an aggregate principal amount of $261.0 million of the New Money First Lien Notes, at a price equal to par, and (ii) up to an additional $65.25 million of First Lien Notes, at a price equal to par, to the extent such amount is not purchased in the New Money Notes Issuance by Eligible Holders of the 2029 Notes who are not Backstop Parties, subject to the consummation of the Offers and Consent Solicitations and the satisfaction of certain other conditions. In consideration for the Backstop Commitment, the Company will pay to the Backstop Parties a cash premium equal to 3.5% of all of the New Money First Lien Notes. The Exchange Offers and the Consent Solicitations will expire at 5:00 P.M., New York City time, on June 22, 2026, unless extended, or earlier terminated. To be eligible to receive the Early Exchange Consideration, Eligible Holders must tender their Existing Notes at or prior to 5:00 P.M., New York City time, on June 9, 2026, unless extended by the Company. In addition, Eligible Holders of 2029 Notes who wish to receive the New Money Participant Early Exchange Consideration must deliver in cash an amount equal to the purchase price therefor by 5:00 P.M., New York City time, on June 10, 2026, unless extended. Rights to withdraw tendered Existing Notes and revoke Consents will terminate at 5:00 P.M., New York City time, on June 9, 2026, unless extended, except for certain limited circumstances where additional withdrawal rights are required by law. Each Eligible Holder that tenders Existing Notes into the Exchange Offers will be deemed to have given its Consent to the Proposed Amendments with respect to those tendered Existing Notes. No additional consideration will be paid for Consents. Subject to applicable law, the Early Exchange Time, the Expiration Time, the Funding Date or the Backstop Funding Date with respect to either Exchange Offer can be extended independently of: (i) the related Withdrawal Deadline for such Exchange Offer and (ii) the Early Exchange Time, the Expiration Time, the Funding Date (if applicable) or the Backstop Funding Date (if applicable) with respect to the other Exchange Offer. The Existing Notes will only be accepted for exchange by the Company in minimum principal amounts of $2,000 and integral multiples of $1,000 thereafter. No alternative, conditional or contingent tenders will be accepted. The Company will not accept any tender of Existing Notes that would result in the issuance of less than $1.00 principal amount of First Lien Notes or Second Lien Notes, as applicable. The New Notes will only be issued in minimum denominations of $1.00 and integral multiples of $1.00 in excess thereof. If, pursuant to the Offers, a tendering holder would otherwise be entitled to receive First Lien Notes or Second Lien Notes, as applicable, in a principal amount that is not an integral multiple of $1.00, such principal amount will be rounded down to the nearest integral multiple of $1.00. This rounded amount will be the principal amount of First Lien Notes or Second Lien Notes, as applicable, that Eligible Holders will receive, and no additional cash will be paid in lieu of any principal amount of First Lien Notes or Second Lien Notes, as applicable, not received as a result of rounding down. The following summary offering table indicates the treatment to be offered in the Exchange Offers per $1,000 principal amount of Existing Notes validly tendered and not validly withdrawn. For each $1,000 principal amount of Existing Notes validly tendered (and not validly withdrawn): (i) at or prior to the Early Exchange Time and accepted for exchange, Eligible Holders of Existing Notes will be eligible to receive the applicable Early Exchange Consideration, and (ii) after the Early Exchange Time but at or prior to the Expiration Time and accepted for exchange, Eligible Holders will receive the applicable Late Exchange Consideration. Eligible Holders of 2029 Notes electing to participate in the Exchange Offer for 2029 Notes will receive different Exchange Consideration depending on their participant category: (a) Eligible Holders of 2029 Notes who elect to purchase their pro rata cash portion of New Money First Lien Notes by the Funding Date are referred to herein as "New Money Participants," (b) Eligible Holders of 2029 Notes who are Backstop Parties under the Commitment Agreement and tender their committed 2029 Notes are referred to herein as "Backstop Participants" and (c) Eligible Holders of 2029 Notes who are neither New Money Participants nor Backstop Participants referred to herein as "Other Eligible Participants." All Eligible Holders of 2030 Notes receive the same Exchange Consideration regardless of participant category. Each participating Eligible Holder must tender all of the Existing Notes it holds through The Depository Trust Company's Automated Tender Offer Program. Partial tenders of Existing Notes will not be accepted. Within ATOP, each participating Eligible Holder must tender all of the Existing Notes it holds into the appropriate contra-CUSIP corresponding with its decision to participate as: (1) a New Money Participant, (2) a Backstop Participant (who will receive a specific ATOP code to participate in the Exchange Offer for their 2029 Notes committed to be tendered pursuant to the Commitment Agreement) or (3) an Other Eligible Participant. In order to be eligible to participate in the Exchange Offers, each New Money Participant must tender their Existing Notes through DTC's ATOP at or prior to the Early Exchange Time and to deliver in cash an amount equal to the applicable purchase price at or prior to the Funding Date. 4.500% Senior Notes due 2029 * CUSIPs/ISINs: 690732AF9 / US690732AF97 (Rule 144A); U68336AB9 / USU68336AB93 (Regulation S) * Aggregate Principal Amount Outstanding: $478,654,000 * Early Exchange Consideration per $1,000 of Existing Notes, if validly tendered and not validly withdrawn at or prior to the Early Exchange Time(1)(2): * In the case of New Money Participants:(3) * (i) $298 of First Lien Notes (as defined herein) per $1,000 in principal amount of 2029 Notes tendered; and * (ii) $596 of Second Lien Notes (as defined herein) per $1,000 in principal amount of 2029 Notes tendered, * in each case, subject to the tendering Eligible Holder of 2029 Notes' concurrent cash payment of its New Money Pro Rata Cash Portion of New Money First Lien Notes by the Funding Date. * In the case of Backstop Participants:(4)(5) * (i) the First Lien Backstop Participant Amount (as defined herein) per $1,000 in principal amount of 2029 Notes tendered; and * (ii) the Second Lien Backstop Participant Amount (as defined herein) per $1,000 in principal amount of 2029 Notes tendered. * Other Eligible Participants: * $855 of Second Lien Notes per $1,000 in principal amount of 2029 Notes tendered (the "Default Exchange Consideration"). * Late Exchange Consideration per $1,000 of Existing Notes, if validly tendered and not validly withdrawn after the Early Exchange Time and at or prior to the Expiration Time(1)(2): * All Eligible Holders: * $835 of Second Lien Notes per $1,000 in principal amount of 2029 Notes tendered. ---------------------------------------------------- 6.625% Senior Notes due 2030 * CUSIPs/ISINs: 690732AG7 / US690732AG70 (Rule 144A); U68336AC7 / USU68336AC76 (Regulation S) * Aggregate Principal Amount Outstanding: $552,189,000 * Early Exchange Consideration per $1,000 of Existing Notes, if validly tendered and not validly withdrawn at or prior to the Early Exchange Time(1)(2): * All Eligible Holders: * $865 of Second Lien Notes per $1,000 in principal amount of 2030 Notes tendered. * Late Exchange Consideration per $1,000 of Existing Notes, if validly tendered and not validly withdrawn after the Early Exchange Time and at or prior to the Expiration Time(1)(2): * All Eligible Holders: * $845 of Second Lien Notes per $1,000 in principal amount of 2030 Notes tendered. ---------------------------------------------------- (1) For each $1,000 principal amount of Existing Notes tendered, the Company will pay accrued and unpaid interest in cash in addition to the Early Exchange Consideration or Late Exchange Consideration, as applicable, to, but not including the Early Settlement Date. The Company will not pay accrued interest on any Existing Notes accepted in the Exchange Offers after the Early Exchange Time beyond accrued and unpaid interest to, but not including, the Early Settlement Date. No consideration will be paid for Consents in the Consent Solicitation. (2) The Second Lien Notes issued to Eligible Holders of 2029 Notes are not expected to be fungible with the Second Lien Notes issued to Eligible Holders of 2030 Notes and will bear a different CUSIP number. (3) Represents, per $1,000, each New Money Participant's ratable portion of First Lien Notes at an exchange price of 98.5% up to an aggregate amount of $42.6 million, and for all other 2029 Notes tendered, Second Lien Notes at an exchange rate of 85.5%. (4) Backstop Participants shall only be eligible for such consideration to the extent of their 2029 Notes committed to be tendered pursuant to the Commitment Agreement. Such holders shall be treated as New Money Participants or Other Eligible Participants, as applicable, with respect to any other 2029 Notes held by them in accordance with their tender elections. (5) Each Backstop Participant may exchange each $1,000 in principal of its 2029 Notes subject to the Commitment Agreement for its ratable portion of First Lien Notes at an exchange price of 98.50% up to an aggregate principal amount equal to(i) $213.0 million minus (ii) the amount of First Lien Notes issued to New Money Participants in the Exchange Offer for 2029 Notes (such ratable portion calculated as the principal amount of 2029 Notes held by such Backstop Party divided by $335.8 million, the aggregate principal amount of 2029 Notes held by the Backstop Parties). Each Backstop Party may exchange the remainder of its 2029 Notes subject to the Commitment Agreement not exchanged for First Lien Notes for its ratable portion of Second Lien Notes at an exchange price of 85.50%. Eligible Holders may not tender their Existing Notes without delivering a Consent pursuant to the related Consent Solicitation, and Eligible Holders may not deliver Consents without tendering the related Existing Notes pursuant to the relevant Exchange Offer. Existing Notes may not be withdrawn from the Exchange Offers and the related Consents may not be revoked from the Consent Solicitations after the Withdrawal Deadline, subject to applicable law. The consummation of the Exchange Offers, the Consent Solicitations and the New Money Notes Issuance is subject to, and conditioned upon, the satisfaction or waiver by the Company of certain conditions, including: (i) the Company's receipt of consents for the Proposed Amendments of at least a majority in principal amount of each series of Existing Notes then outstanding and (ii) the General Conditions. Subject to applicable law, the Company may amend, extend, terminate or withdraw any of the Offers and/or the Consent Solicitations without amending, extending, terminating or withdrawing any of the others, at any time and for any reason, including if any of the conditions set forth under "Conditions of the Exchange Offers and Consent Solicitations" in the Offering Memorandum with respect to the Exchange Offers are not satisfied or waived as determined by the Company in its sole discretion. The New Notes and the offering thereof have not been registered with the Securities and Exchange Commission under the Securities Act of 1933, as amended, or any state or foreign securities laws. The Offers and Consent Solicitations will only be made, and the New Notes are only being offered and issued, to holders of Existing Notes that are: (a) reasonably believed to be qualified institutional buyers in reliance on Rule 144A promulgated under the Securities Act or (b) non-U.S. persons, in transactions outside the United States, in reliance on Regulation S under the Securities Act. Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Offers. Copies of all the documents relating to the Offers and Consent Solicitations may be obtained from the Exchange Agent and Information Agent, subject to confirmation of eligibility through online procedures established by the Exchange Agent and Information Agent, by completing the Eligibility Letter at https://epiqworkflow.com/cases/AccendraEligibility or via email submission of the Eligibility Letter to Registration@epiqglobal.com, with a reference to "ACCENDRA" in the subject line. There will be no letter of transmittal for the Exchange Offers. The Offers are being made solely by the Offering Memorandum. Eligible Holders of the Existing Notes are urged to carefully read all of the information in, or incorporated by reference into the Offering Memorandum, including the information presented under "Risk Factors" and "Forward-Looking Statements" before making any decision with respect to the Offers or the Consent Solicitations. None of the Company, its subsidiaries, the Exchange Agent, the Information Agent, the trustee under the indentures governing the Existing Notes and the New Notes, the collateral agent under the indentures governing the New Notes or any of their respective affiliates, makes any recommendation as to whether holders of Existing Notes should participate in the Offers or Consent Solicitations. Each Eligible Holder must make its own decision as to whether to participate in the Offers and whether to tender its Existing Notes and to deliver Consents. Epiq Corporate Restructuring, LLC has been appointed as the exchange agent and the information agent for the Offers and Consent Solicitations. Questions concerning the Offers and the Consent Solicitations may be directed to the Exchange Agent and Information Agent, in accordance with the contact details shown on the back cover of the Offering Memorandum. Ducera Securities LLC has been engaged to act as our financial advisor for the Offers and Consent Solicitations. No Offer or Solicitation This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote, consent or approval in any jurisdiction in connection with the Offers and Consent Solicitations, or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In particular, this press release is not an offer of securities for sale into the United States. The New Notes to be offered in the Offers have not been registered under the Securities Act or any state securities laws, and unless so registered, New Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. About Accendra Health Accendra Health, Inc., headquartered in Richmond, Virginia, is a nationwide provider of products, technology and services that support home-based care. Through its Apria and Byram brands, the company provides equipment rentals, medical supplies and related services for patients with chronic and complex health conditions, including diabetes, sleep health, wound care, respiratory care, urology and ostomy. ADONAI CONGREGATE: No Patient Complaints, 2nd PCO Report Says ------------------------------------------------------------- Tamar Terzian, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Central District of California her second and final report regarding the quality of patient care provided by Adonai Congregate Living, Inc. In her report, which covers the period from April 10 to June 10, the PCO conducted an immediate site visit for both homes located in Van Nuys. Each home is licensed for six patients where there are two patients to one room. On May 21, the PCO met with the staff for a tour of both residences: The first is 17527 Covello Street and the second is 10215 Lasaine Avenue in Northridge, California. The residences were clean and had all equipment necessary for the care of such patients. Each bedroom had a hospital bed, night stand, tv for entertainment and space for the personal items for each patient. The PCO observed and evaluated the systems in place to assess the Debtors ability to provide the standard of care during the bankruptcy process. The patient care delivery was evaluated based on professional standards of good quality care (and, increasingly, patient-oriented measures of satisfaction). Most importantly, the PCO was able to directly speak with the patients and staff to assure the quality of care is continuous. The PCO cited that each home was overall clean and welcoming. A staff member sits within visibility of the front door main entrance to direct any visitors, and there is a sign in sheet available immediately as you enter each home. Dirty linen, trash, hazardous waste bins, and trash compactor were audited. PCO checked biomedical maintenance stickers and found all to be current. No concerns were noted. Ms. Terzian reviewed the facility environment of care binder for fire drills, life safety preventative maintenance, generator testing, and kitchen maintenance. PCO also assured that the dietary needs of the patients are met. The staff provides all patient meals based on the nutritionist's recommendations. There were no patient complaints for meals provided. There are no changes or recommendations besides continuing to meet the dietary needs of each patient. Moreover, the PCO reviewed summary quality and infection control data for the patients. No concerns suggesting a decline in patient quality due to the bankruptcy. Since some patients have recently been released from the hospital into Debtor's care, PCO reviewed and found that sepsis protocols are met. PCO observed hand sanitizers readily available and in the patients' rooms. The PCO did not observe concerns as contemplated by Section 333(b)(3) of the Bankruptcy Code with potential patient safety implications. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=sc7Hre from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian Terzian Law Group, APC 1122 E Green St, # 200, Pasadena, CA 91106-2500 Phone: (818) 242-1100 Email: tamar@terzlaw.com About Adonai Congregate Living Inc. Adonai Congregate Living, Inc. operates as a provider of congregate living and residential care services. Adonai Congregate Living, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10098) on January 20, 2026, with between $100,001 and $500,000 in both assets and liabilities. Honorable Bankruptcy Judge Martin R. Barash handles the case. The Debtor is represented by the Law Offices of Michael Jay Berger. ADRIANA TAFUR: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------- Adriana Tafur Services, Incorporated asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for emergency authorization to use cash collateral and provide adequate protection. The Debtor requests permission to continue using cash and cash equivalents that may be subject to security interests held primarily by J.P. Morgan Chase Bank, N.A., as well as any junior secured creditors. Prior to bankruptcy, the Debtor obtained financing from Chase, which may hold a first-priority security interest in the Debtor's cash and cash equivalents pursuant to a UCC-1 financing statement filed in 2018. The outstanding balance owed to Chase is approximately $178,918, although the Debtor notes that this amount may be disputed. Other entities, including the U.S. Small Business Administration and CHTD Company, may assert junior liens against the Debtor's personal property. The Debtor seeks authority to use approximately $188,000 in cash collateral over an eight-week period to fund payroll, rent, vendor obligations, insurance, vehicle lease payments, and other ordinary operating expenses necessary to continue business operations. As adequate protection for any secured creditors, the Debtor proposes granting replacement liens on post-petition cash collateral to the same extent and priority as any valid prepetition liens. The Debtor argues that continued operations will generate positive cash flow and preserve the value of the estate, whereas denial of access to cash collateral would likely force the business to cease operations entirely, harming creditors and eliminating the value of the collateral. A copy of the motion is available at https://urlcurt.com/u?l=S1bjex from PacerMonitor.com. About Adriana Tafur Services, Incorporated Adriana Tafur Services, Incorporated, doing business as A.T. Services, provides pediatric therapy services, including speech therapy and related pediatric care, through clinic and home-care services in South Florida. Founded in 2005, the North Miami Beach, Florida-based company serves children and families through therapy programs delivered from its North Miami Beach locations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16190) on May 13, 2026. In the petition signed by Adriana Tilley, sole shareholder, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Daniel A. Velasquez, Esq., at LATHAM LUNA EDEN & BEAUDINE LLP, represents the Debtor as legal counsel. AH CROWN INVESTMENT: Seeks Chapter 7 Bankruptcy in Florida ---------------------------------------------------------- On May 22, 2026, AH Crown Investment, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About AH Crown Investment, LLC AH Crown Investment, LLC is an investment holding company engaged in asset management and related financial activities. AH Crown Investment, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03792) on May 22, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Grace E. Robson handles the case. The Debtor is represented by Flavio E. Alvarez, Esq. AKIBAZ LLC: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the District of Minnesota, entered an order authorizing Akibaz LLC for interim use of cash collateral. Under the order, Akibaz LLC is authorized to use cash collateral in accordance with financial projections filed in support of the motion through the interim period. As protection for creditors, holders of interests in cash collateral received replacement liens on post-petition assets matching the type, priority, and status of their prepetition interests, but only to the extent their collateral value decreases because of the debtor's use or disposition of collateral. The order also requires the debtor to maintain insurance coverage on its assets and provide reasonable reports and documentation as requested as additional adequate protection. Claims arising under Chapter 5 avoidance actions are excluded from replacement liens. The Court scheduled a final hearing on the debtor's continued use of cash collateral for June 18, 2026. About Akibaz LLC Akibaz LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 26-41647) with $100,001 to $500,000 in assets and $1,000,001 to $10 million in laibilities. Judge Hon. William J Fisher oversees the case. The Debtor is represented by: David Tanabe Messerli & Kramer P.A. Tel: 612-672-3600 Email: dtanabe@messerlikramer.com ALGORHYTHM HOLDINGS: Regains Nasdaq Stockholders' Equity Compliance ------------------------------------------------------------------- Algorhythm Holdings, Inc. disclosed in a regulatory filing that on November 28, 2025, it received notification from the Nasdaq Stock Market, LLC that the Company's stockholders' equity as reported in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which provides that the Company must maintain stockholders' equity of at least $2,500,000. On January 12, 2026, the Company provided the Nasdaq with a detailed plan to regain compliance with the Rule. On January 28, 2026, the Nasdaq notified the Company that it had granted the Company an extension of time to regain compliance with the Rule. On May 14, 2025, the Company filed its quarterly report on Form 10-Q for the period ended March 31, 2026 wherein the Company reported stockholders' equity of $3,168,000. As a result, the Company believes that it has regained compliance with the Rule for continued listing on the Nasdaq Stock Market, LLC. The Company increased its stockholders' equity during the quarter ended March 31, 2026 by: (i) reducing various expenses associated with the operation of the Company's business and generating an increased amount of net sales through its SemiCab business, and (ii) selling shares of its common stock to Streeterville Capital, LLC under that certain securities purchase agreement, dated August 21, 2025, between the Company and Streeterville, which repaid various pre-paid purchases that the Company had completed with Streeterville under that agreement. The Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, the Company may be subject to delisting. About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. (NASDAQ: RIME) is an artificial intelligence technology company focused on the growth and development of SemiCab, an AI-enabled software logistics and distribution business that utilizes the Company's SemiCab technology platform to enable retailers, brands and transportation providers to address common supply chain problems globally. The Company operates the SemiCab business through its subsidiary, SemiCab Holdings, LLC. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 1, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company suffered a net loss from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $18,455,000 in total assets, $15,287,000 in total liabilities, and $3,168,000 in total shareholders' equity. ALLSTAR PROPERTIES: Seeks to Use Cash Collateral Thru Dec 31 ------------------------------------------------------------ Allstar Properties, LLC and affiliates ask the U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, for continued authority to use cash collateral and provide adequate protection. The Debtors are Georgia-based real estate holding and management entities controlled primarily by Andrew C. Heaner, with minority ownership held by family members. ASP holds multiple investment properties across Floyd, Haralson, and Polk Counties that generate limited income primarily through asset sales and occasional timber or incidental revenues. ASPI owns and operates commercial rental properties that generate tenant rental income, while ACH owns residential rental properties producing residential rent streams. The cases were filed after liquidity stress arising in part from issues tied to a related Chapter 7 case involving RAMBO 1, LLC and resulting defaults on secured debt obligations. A key creditor, AgSouth Farm Credit, initiated foreclosure actions against numerous properties across the Debtors' portfolios, prompting the bankruptcy filings despite asserted equity in many assets. The Debtors previously obtained authority to use cash collateral, including rental income and property sale proceeds, under a Final Cash Collateral Order entered December 12, 2025, which authorized use through June 30, 2026. They now seek to extend that authority through December 31, 2026, to align with an anticipated reorganization timeline and ongoing asset sales. The Debtors emphasize that continued use of cash collateral is necessary to preserve property values, maintain operations, and facilitate plan confirmation, which they project no earlier than late September 2026. As adequate protection, the Debtors propose replacement liens in favor of secured creditors, continuation of financial reporting obligations (including bi-weekly sales updates and monthly operating reports), maintenance of insurance, ongoing property upkeep, and payment of 2026 property taxes, subject to any tax disputes. The Debtors argue that while they are unable to make cash adequate protection payments due to liquidity constraints, the substantial equity in the real estate portfolio, ongoing sales activity, and operational controls sufficiently protect secured creditors. They request that the court approve continued cash collateral usage on terms substantially similar to the prior order, with updated budgeting through the end of 2026 and such other relief as the court deems appropriate. A copy of the motion is available at https://urlcurt.com/u?l=betjmc from PacerMonitor.com. 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. ALLSTATE LENDING: Committee Hires Franklin Soto Leeds as Counsel ---------------------------------------------------------------- The official committee of unsecured creditors of Allstate Lending Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Franklin Soto Leeds LLP as counsel. The firm will provide these services: a. assist, advise, and represent the Committee in its meetings, consultations and negotiations with Debtor and other parties in interest regarding the administration of the Bankruptcy Case; b. assist, advise, and represent the Committee in understanding its powers and duties under the Bankruptcy Code, the Bankruptcy Rules and Local Rules and in performing other services as are in the interests of those represented by the Committee; c. assist with the administration of the Committee, including formation of governance documents, confidentiality agreements, and the planning and conduct of meetings; d. participate in all meetings of the Committee and subcommittees (if formed) and advise the Committee (or subcommittee) regarding its rights, powers, and duties in the Bankruptcy Case; e. assist and advise the Committee in its review and analysis of, and negotiations with Debtor, the Servicing Debtor, and any other affiliates related to intercompany transactions and claims; f. review and analyze all applications, motions, complaints, orders, and other pleadings filed with the Court by Debtor, parties-in-interest, or other third parties, and advise the Committee as to their propriety and, after consultation with the Committee, take any appropriate action; g. prepare necessary applications, motions, complaints, answers, orders, reports, and other legal papers on behalf of the Committee, and pursue or participate in contested matters and adversary proceedings as may be necessary or appropriate in furtherance of the Committee's duties, interests, and objectives; h. represent the Committee at hearings held before the Court and communicate with the Committee regarding the issues raised, and the decisions of the Court; i. represent the Committee in connection with any litigation, disputes or other matters that may arise in connection with the Bankruptcy Case or any related proceedings, including any appeals taken from any orders of the Court; j. assist, advise, and represent the Committee in connection with any mediation of litigation, disputes or other matters in connection with the Bankruptcy Case or any related proceedings; k. assist, advise, and represent the Committee in connection with claims review and analysis and any requests to estimate claims or implement a claims reconciliation process; l. assist, advise, and represent the Committee in their participation in the formulation, and drafting of a plan of reorganization or liquidation, if appropriate, and review and analysis of, and any response to, any plan of reorganization or liquidation proposed by the Debtors or any other party in interest; m. assist, advise, and represent the Committee on issues concerning the appointment of a trustee or examiner under section 1104 of the Bankruptcy Code or dismissal or conversion of the Bankruptcy Case under section 1112 of the Bankruptcy Code; n. assist with the Committee's review of the acts, conduct, assets, liabilities and financial condition of Debtor and its affiliates, including certain transactions preceding the bankruptcy filings; o. assist, advise, and represent the Committee in any manner relevant to reviewing and determining Debtor's rights and obligations under any executory contracts or financial accommodation agreements; p. assist, advise, and represent the Committee with respect to its communications with the general creditor body regarding significant matters in the Bankruptcy Case; q. respond to inquiries from individual creditors as to the status of, and developments in the Bankruptcy Case and the Servicing Debtor's case; and r. provide such other services to the Committee as may be necessary in this Bankruptcy Case or any related proceedings. The firm will be paid at these rates: Paul J. Leeds, Partner $750 per hour Cheryl Dunn Soto, Partner $650 per hour Meredith King, Partner $650 per hour Shelby A. Poteet, Associate $550 per hour Dylan A. Noceda, Associate $450 per hour Sophia Sanchez, Paralegal $225 per hour Jacquelyn Wilson, Paralegal $225 per hour Wendy Woodgeard, Paralegal $225 per hour The firm will be paid a retainer in the amount of $50,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Leeds, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Paul J. Leeds, Esq. Franklin Soto Leeds LLP 444 West C Street, Suite 300 San Diego, Ca 92101 Tel: (619) 872-2520 About Allstate Lending Group Allstate Lending Group, Inc. is a California-based mortgage lending and brokerage company headquartered in Monterey Park, California, providing residential home loan products including purchase, refinance, and alternative mortgage programs. It originates and arranges mortgage financing for borrowers through various loan structures, including non-prime and equity-based lending solutions. Allstate operates within the non-depository credit intermediation industry under licensing from the California Department of Real Estate. Allstate Lending Group filed Chapter 11 petition (Bankr. C.D. Calif. Case No. 26-11879) on Feb. 27, 2026, listing assets of between $500,001 and $1 million and liabilities of between $50 million and $100 million. The Debtor is represented by Kyra E. Andrassy, Esq. at Raines Feldman Littrell, LLP. ALTOMAR HOME: Hires Meza Valverde & Associates LLC as Accountant ---------------------------------------------------------------- Altomar Home Healthcare, Inc seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Meza Valverde & Associates, LLC d/b/a Paul Meza, CPA as accountant. The firm's services include: a. providing aid to the Debtor, as Debtor-in-Possession, that will facilitate the preparation, maintenance and adjustment of a monthly budget as needed by the circumstances; b. aiding in the preparation of the Debtor's Monthly Operating Reports, if necessary and not otherwise prepared in-house; c. prepare federal and state tax returns and reports; and d. perform all other financial services for the Debtor, as Debtor-in-Possession, that may become necessary in this proceeding. The firm will be paid at these rates: Monthly Accounting Services Texas $1,750 Corporate Tax Return $1,850 Medicare Cost Report $2,200 (each) The firm will receive a retainer in the amount of $3,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Meza, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Paul Meza, CPA 1325 Montana Ave. 2nd Floor El Paso, TX 79902 Tel: (915) 544-1040 Fax: (915) 544-1044 Email: info@paulmezacpa.com About Altomar Home Healthcare Inc. Altomar Home Healthcare, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. W.D. Texas Case No. 26-30392) on March 23, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million. Judge Christopher G. Bradley oversees the case. Miranda & Maldonado, P.C. is Debtor's legal counsel. AMERICAN CONTRACTORS: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ The United States Bankruptcy Court for the Western District of Pennsylvania entered an interim order authorizing American Contractors Equipment Co., to use cash collateral. The court authorized the debtor to continue using JTS Capital 3 LLC's cash collateral on an interim basis to fund ordinary business operations, including payments to vendors, utilities, insurance providers, and taxing authorities. The authorization is limited to amounts necessary to prevent immediate and irreparable harm to the bankruptcy estate until a further or final hearing can be held on the motion. As adequate protection for any potential decline in the value of its collateral, JTS Capital 3 LLC is entitled to monthly adequate protection payments of $5,000. The first payment for May 2026 must be made within three days of the order's entry, and all subsequent payments are due on or before the fifth day of each month. The order also resolves the temporary treatment of $80,288.68 in equipment rental proceeds being held by Peoples Natural Gas Company, LLC. Within twenty days, Peoples must distribute $14,000 to JTS Capital 3 LLC, $18,025 to the debtor, and $48,263.68 to the Subchapter V Trustee to be held in escrow pending further court order. After these distributions, rental obligations through April 30, 2026, will be deemed satisfied, and future rental payments for the debtor's equipment will be paid directly to the debtor under the existing rental agreements. A continued hearing on the motion was scheduled for June 17, 2026. About American Contractors Equipment Co. American Contractors Equipment Co. offers rental and maintenance services for heavy construction and industrial machinery, including cranes, forklifts, and aerial lifts, supporting contractors and industrial clients across Western Pennsylvania, Maryland, and Northern West Virginia. American Contractors Equipment Co. in Pittsburgh PA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Pa. Case No. 26-20234) on Jan. 27, 2026, listing $1,546,101 in assets and $3,283,292 in liabilities. James Bulger as president, signed the petition. Judge Carlota M. Bohm oversees the case. BERNSTEIN-BURKLEY, P.C. serve as the Debtor's legal counsel. AMERICAN HEALTH: Seeks to Hire BAS CPA PLLC as Accountant --------------------------------------------------------- American Health Associates Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ BAS CPA, PLLC as accountant. The firm will provide tax and accounting services. The firm will be paid at these rates: Brian A. Schlang, CPA $495 per hour The firm will charge a flat monthly fee of $10,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Schlang, 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: Brian A. Schlang, CPA BAS CPA PLLC 7957 N University Dr., Suite #332 Parkland, FL 33067 Telephone: (954) 947-2024 Email: brian.schlang@thebascpa.com About American Health Associates Holdings Inc. Headquartered in Davie, Florida, American Health Associates Holdings, Inc. provides clinical laboratory services, mobile phlebotomy, mobile imaging and care-at-home diagnostic services for the long-term care market. Founded more than 30 years ago by Debbie Martin, a respiratory therapist, American Health Associates Holdings serves skilled nursing facilities, nursing homes, hospitals and physician offices, and operates 16 full-service reference laboratories nationwide. It serves more than 3,000 long-term care facilities across the U.S. American Health Associates Holdings and 12 affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-14825) on April 17, 2026. In the petition signed by Christopher Martin, president, American Health Associates Holdings disclosed up to $50 million in both assets and liabilities. Judge Scott M. Grossman oversees the cases. Bradley S. Shraiberg, Esq., at Shraiberg Page P.A., represents theDebtors as legal counsel. AMERICAN TOOL: Lender Seeks to Prohibit Cash Collateral Access -------------------------------------------------------------- EverBank, N.A. and affiliates ask the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, for authority to use cash collateral and provide adequate protection. EverBank argues that it holds broad, perfected security interests in substantially all of the Debtors' operating assets, including accounts, inventory, equipment, general intangibles, rents, and related proceeds, arising from two interconnected credit facilities: a $13.246 million ATM Loan made to ATM Investment Property 1700, LLC and a $4 million LOC Loan made to the operating entities. These obligations are supported by promissory notes, mortgages, assignments of rents, commercial security agreements, UCC-1 financing statements, and multiple cross-guarantees from the affiliated debtor entities, creating a tightly integrated secured lending structure covering both real estate and business operating assets. EverBank asserts it did not consent to any use of cash collateral and asserts that such use is prohibited absent either lender consent or a court order providing adequate protection. EverBank contends that the Debtors are currently under severe operational distress, including alleged mismanagement, financial reporting deficiencies, and prior appointment of a state-court receiver, all of which—according to EverBank—demonstrate an inability to responsibly manage cash and preserve collateral value. EverBank further highlights that it has simultaneously sought appointment of a Chapter 11 trustee, arguing that continued control by existing management creates a substantial risk of dissipation of estate assets if cash collateral use is permitted. EverBank argues that cash collateral may only be used if its secured interests are adequately protected, and that the debtors bear the burden of proving such protection. It maintains that adequate protection has not been demonstrated because the proposed use of cash would not reliably preserve or replace the value of the secured collateral, particularly given the debtors’ operational instability. EverBank asserts that allowing continued use of cash collateral under current management would likely result in irreversible depletion of estate value, whereas § 363(e) requires the court to prohibit such use when adequate protection is lacking. EverBank requests that the court enter an order fully prohibiting the Debtors’ use of cash collateral unless and until further order of the court, preferably after the appointment of an independent fiduciary or trustee capable of stabilizing operations and evaluating financial conditions. A copy of the motion is available at https://urlcurt.com/u?l=QjIF9E from PacerMonitor.com. About American Tool & Mold Inc. American Tool & Mold Inc. is a manufacturing company specializing in precision tooling, mold design, and custom machining solutions for industrial and commercial clients. The company provides services related to tool-and-die production, injection molds, metal fabrication, and engineered manufacturing components. American Tool & Mold Inc. supports a range of industries, including automotive, aerospace, consumer products, and industrial equipment manufacturing. American Tool & Mold Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04159) on May 15, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Luis Ernesto Rivera II, Esq. handles the case. The Debtor is represented by Daniel A. DeMarco, Esq. of Hahn Loeser & Parks, LLP. EverBank, NA, as lender, is represented by: J. Ellsworth Summers, Jr., Esq. Dana L. Robbins-Boehner, Esq. Marc A. Sendra, Esq. BURR & FORMAN LLP 50 N Laura Street, Suite 3000 Jacksonville, Florida 32202 Phone: (904) 232-7200 Fax: (904) 232-7 Email: esummers@burr.com drobbins-boehner@burr.com msendra@burr.com ANNIE EYELASH: Seeks Cash Collateral Access ------------------------------------------- Annie Eyelash & Permanent Makeup Salon Inc. 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 details its operational expenses and ongoing obligations. Its salon currently pays its president, Xuan H. Luong, approximately $1,100 weekly, while Tony A. Luong, identified as an insider and the president’s son, receives $750 weekly. Total payroll for employees is approximately $5,021 per week. The Debtor also leases its business premises under a long-term lease extended through April 2034. Current monthly rent obligations total approximately $5,244, including base rent, water and sewer charges, and property tax contributions. The Debtor states that all rent obligations are current and that it intends to assume the lease during the bankruptcy case. The Debtor identifies six secured creditors that claim blanket security interests in substantially all business assets and cash collateral through UCC-1 financing statements. These creditors include TD Bank, the U.S. Small Business Administration (through an EIDL loan), Ascendus, BayFirst National Bank, Colony Bank, and a second TD Bank SBA loan. Collectively, the secured debt totals approximately $524,173. The liens broadly cover inventory, equipment, accounts, deposit accounts, receivables, general intangibles, and virtually all present and future personal property of the Debtor. The Debtor notes that the total secured debt significantly exceeds the estimated value of the business's assets, which are valued at approximately $95,890, making several of the secured creditors potentially undersecured or wholly unsecured. The Debtor argues that immediate use of cash collateral is essential to preserve operations and avoid irreparable harm. Without access to cash generated from ongoing business operations, the salon states it would be unable to pay payroll, utilities, rent, vendors, administrative expenses, and professional fees necessary to continue functioning as a going concern. To provide adequate protection to the secured creditors, the Debtor proposes granting replacement liens on both prepetition and postpetition assets and proceeds to the extent the creditors held valid liens as of the petition date. These replacement liens would maintain the same relative priorities as existed before bankruptcy and would exclude proceeds from bankruptcy avoidance actions under Chapter 5 of the Bankruptcy Code. The replacement liens would also be subordinate to professional fee carve-outs and Subchapter V trustee fees. In addition to replacement liens, the Debtor proposes making monthly adequate protection payments totaling $1,690 to only two creditors: TD Bank's first SBA loan and the SBA EIDL loan. Specifically, TD Bank would receive approximately $1,190 per month and the SBA EIDL lender would receive $500 per month. The Debtor states that the remaining secured creditors are likely wholly unsecured due to the lack of collateral value supporting their claims. A copy of the motion is available at https://urlcurt.com/u?l=laQTLn from PacerMonitor.com. About Annie Eyelash & Permanent Make Up Salon, Inc. Annie Eyelash & Permanent Make Up Salon, Inc. is a beauty and cosmetic services company specializing in eyelash and permanent makeup treatments. Annie Eyelash & Permanent Make Up Salon, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11104) on May 13, 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 David S. Jones handles the case. The Debtor is represented by Kamini Fox, Esq. of Kamini Fox, PLLC. ANTELOPE HOSPITALITY: Plan Exclusivity Period Extended to June 22 ----------------------------------------------------------------- Judge Paul Sala of the U.S. Bankruptcy Court for the District of Arizona extended Antelope Hospitality LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 22 and August 19, 2026, respectively. In a court filing, the Debtor owns the real property located at 287 N. Lake Powell Blvd, Page, AZ 86040 (the "Property"). The Property consists of a discount hotel previously known as "Quality Inn View of Lake Powell – Page" (the "Hotel") and a restaurant / bar that operates under a Series 11 (hotel/motel) liquor license. During the course of this case, Debtor rejected its franchise agreement with Choice Hotels and has transitioned to independent operation under the name Scenic View Inn. Since the Filing Date, the Debtor has continued to operate the Hotel. Debtor negotiated agreements with First Utah and the SBA authorizing the use of those creditors' cash collateral to fund certain operating expenses subject to an agreed budget through the end of April 2026, on the terms and conditions set forth in the parties' stipulations. Debtor has reached agreements in principal with First Utah and the SBA for continued use of cash collateral through the end of June 2026 and expects to file the stipulations with the Court shortly. The Debtor does not believe it is likely to pursue a reorganization plan that provides for the long-term operation of the Hotel by the Debtor following the effective date of any plan, and expects that any plan it may file would provide for the orderly liquidation of the Debtor's assets within a reasonable time. The Debtor explains that it is in negotiations with First Utah for a consensual sale process. The range of potential strategies may or may not include the filing of a plan of liquidation, some form of stay relief or structured dismissal, or a sale of assets under Section 363 of the Bankruptcy Code. While no agreements have yet been reached, Debtor believes in the exercise of its business judgment that the interests of creditors and the estate would best be served by allowing those negotiations to continue and avoiding the incurrence of the fees and costs that would otherwise be necessary to draft, file and seek approval or confirmation of a disclosure statement and plan that may ultimately be moot if a deal is ultimately struck The Debtor claims that it is working closely and cooperatively with its primary secured creditors and is not using the extension process to obtain leverage against its creditors or pressure any creditors into accepting a plan of reorganization. Thus, Debtor is not seeking to use the requested extension to hold any creditors as "hostages of chapter 11 during exclusivity." The Debtor is simply still in the process of attempting to secure a consensual exit from bankruptcy and needs additional time to complete its settlement discussions. Antelope Hospitality, LLC is represented by: Bradley D. Pack, Esq. Engelman Berger, PC 2800 North Central Avenue Suite 1200 Phoenix, AZ 85004 Telephone: 9602) 271-9090 Facsimile: (602) 222-4999 E-mail: bdp@eblawyers.com About Antelope Hospitality Antelope Hospitality, LLC, doing business as Scenic View Inn, operates a full-service hotel in Page, Arizona. The hotel is positioned near major Northern Arizona attractions including Antelope Canyon, Horseshoe Bend, Glen Canyon National Recreation Area, Lake Powell, and local dining and shopping options, serving as a base for tourists, photographers, and adventurers. Antelope Hospitality filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12347) on December 22, 2025, listing up to $10 million in assets and up to $50 million in liabilities. Honorable Bankruptcy Judge Paul Sala handles the case. The Debtor is represented by Bradley D. Pack, Esq., at Engelman Berger, PC. First Utah Bank, as secured creditor, is represented by: Matthew H. Sloan, Esq. Jennings Haug Keleher McLeod Waterfall, LLP 2800 North Central Avenue, Suite 1800 Phoenix, AZ 85004-1049 Telephone: 602-234-7800 Facsimile: 602-277-5595 mhs@jkwlawyers.com ANTONIO MUNOZ: Hires Law Offices of John E. Freeman as Mediator --------------------------------------------------------------- Antonio Munoz Aserradero, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Law Offices of John E. Freeman as mediator. The firm will conduct a full-day mediation with respect to the payment of the claim of Jerry Thomas arising out of decision of the 12th Court of Appeals in Case No. 12-25-00047-CV, Antonio Munoz Aserradero, LLC and Antonio Munoz v. Jerry Thomas. The firm will be paid at 1,300 per party for his services as a mediator. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Freeman 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: John E. "Ric" Freeman Law Offices of John E. "Ric" Freeman 621 Chase Drive, Ste. B Tyler, TX 75701 Telephone: (903) 595-2070 Telecopier: (903) 595-1970 Email: ric@ricfreemanlaw.com About Antonio Munoz Aserradero Antonio Munoz Aserradero, LLC, is a Texas-based company engaged in sawmills and wood preservation activities. Antonio Munoz Aserradero sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-60480) on Aug. 7, 2025. In its petition, the Debtor estimated assets between $50,000 and $100,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Michael E. Gazette, Esq., at the Law Offices of Michael E. Gazette. APPLE iSPORTS: 1st Quarter Net Loss Narrows to $385K ---------------------------------------------------- Apple iSports Group Inc. reported a first-quarter net loss of $385,221 for the three months ended March 31, 2026, narrowing from $3.19 million a year earlier, according to a Form 10-Q filing with the Securities and Exchange Commission. The Irvine, California, company reported no revenue for either period. Operating expenses fell to $437,119 from $3.2 million, while loss from operations narrowed to $437,119 from $3.2 million. Apple iSports said the decrease in operating expenses was primarily due to lower consulting and professional fees, including a decrease in compensation expenses from stock options granted during the quarter. Interest expense, net, rose to $21,663 from $8,981, which the company attributed to higher interest expense on the PhilBook Pty loan, offset by a decrease related to conversion of a related-party Cres loan. The company used $173,360 in operating activities during the quarter, compared with $477,365 a year earlier. Financing activities provided $117,683, compared with $588,008. As of March 31, Apple iSports reported cash and cash equivalents of $860, total assets of $2.39 million, total liabilities of $6.78 million and total stockholders' deficit of $4.39 million. The company reported a working capital deficit of $6.21 million, compared with a working capital deficit of $5.9 million at Dec. 31, 2025. The company said its quarterly net loss, negative working capital and accumulated deficit of $20.05 million raised substantial doubt about its ability to continue as a going concern. It said its ability to continue for the next 12 months depends on sourcing additional debt or equity to fund development of its gaming platform and ultimately achieving profitable operations. Apple iSports said it plans to rely on continued advances from significant stockholders to meet modest operating expenses while seeking third-party equity or debt financing. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/Archives/edgar/data/1134982/000147793226003393/aapi_10q.htm About Apple iSports Apple iSports Group Inc., based in Irvine, California, is developing a digital sports betting and gaming platform for sports content, racing and sports betting, and sports streaming. The company's planned products include fixed odds sports betting, fixed odds and pari-mutuel horse racing, and live content streaming. Its primary markets are Australia and the U.S. In an audit report dated April 10, 2026, Fruci & Associates II, PLLC included a going concern qualification, stating that Apple iSports had an accumulated deficit, net losses and negative cash flows from operations. The conditions raised substantial doubt about the company's ability to continue as a going concern. ARCHITECTURAL GLAZING: Seeks Cash Collateral Access --------------------------------------------------- Architectural Glazing Systems, Inc. asks the U.S. Bankruptcy Court for the Northern District of Georgia, Newnan Division, for authority to use cash collateral and provide adequate protection. The Debtor requires immediate access to cash generated from receivables in order to fund payroll, insurance, taxes, subcontractors, materials, and other ordinary operating expenses. Without access to cash collateral, the Debtor asserts its construction business would lose going-concern value, causing immediate harm to the estate and creditors. Newtek Bank, N.A. is believed to hold a senior security interest in substantially all assets under a UCC filing, while multiple additional entities—primarily merchant cash advance providers such as Billd Exchange LLC, Global Merchant Cash, Retro Advance, CSC, CHTD-related filers, and others—have asserted competing liens through UCC-1 financing statements covering accounts, proceeds, intangibles, and “all assets.” The Debtor emphasizes that many of these MCA liens are recorded under nominee or intermediary filer names, allegedly obscuring the identity of the true funding parties and complicating the priority analysis. AGS assumes the liens are valid and perfected, while expressly reserving its right to later challenge them. In addition to requesting authority to use cash collateral pursuant to a proposed weekly budget (with limited permitted variances and the ability to carry forward unused amounts), AGS seeks flexibility to adjust spending based on actual revenues, including change-order work common in construction projects. The Debtor also requests permission to allocate a portion of revenue increases—specifically 75% of any revenue overage toward direct project costs (labor and materials) and 25% toward overhead—to ensure continued performance of construction contracts and preservation of value. AGS further proposes replacement liens to the extent secured creditors' interests are affected, while asserting that such protection should be deemed adequate under § 363. MCA lenders have sent lien enforcement or “demand” letters to general contractors owing payments to AGS. According to the Debtor, these MCAs are attempting to redirect contract payments away from AGS and toward themselves, creating disruption in cash flow and threatening ongoing project performance. AGS therefore seeks an order not only authorizing its use of cash collateral but also directing general contractors to disregard MCA demand letters and remit payments directly to the Debtor, thereby preventing third-party interference with estate receivables. A copy of the motion is available at https://urlcurt.com/u?l=veAtQX from PacerMonitor.com. About Architectural Glazing Systems, Inc. Architectural Glazing Systems, Inc. is a construction industry company specializing in architectural glass and glazing solutions for commercial and institutional projects. The company provides design, fabrication, and installation services for building envelope systems. Architectural Glazing Systems, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10813) on May 18, 2026. The filing was made voluntarily in federal bankruptcy court in Georgia. Honorable Bankruptcy Judge Paul Baisier is handling the case. The Debtor is represented by Thomas T. McClendon, Esq. of Jones & Walden, LLC. ARMADILLO PIZZA: Unsecureds to Get Share of Income for 60 Months ---------------------------------------------------------------- Armadillo Pizza, LLC d/b/a Crust Pizza Co. and Armadillo Pizza College Station, LLC d/b/a Crust Pizza Co., submitted a Joint Plan of Reorganization under Subchapter V dated May 19, 2026. AP Kingwood was formed in 2022. Since its formation, AP Kingwood has operated a pizza restaurant at 4625 Kingwood Dr., Unit #800, Kingwood, TX 77345 through a franchise agreement with Crust Bros. LLC. AP College Station was formed in 2023. Since its formation, AP College Station has operated a pizza restaurant at 1410 Texas Ave., College Station, TX 77840 through a franchise agreement with Crust Bros. LLC. AP College Station is owned by Robin O. Vieau, who owns forty-nine percent, and Charles M. Vieau, who owns fifty-one percent. Due to the cyclical nature of their revenue (i.e., summer months, especially for AP College Station, are much slower), and an increase in vendor pricing, among other difficulties, the Debtors were in financial distress on the Petition Date. Debtors received default notices from their lenders and threats of lockouts by both landlords. Faced with the possibility of being locked out and unable to operate, the Debtors concluded that seeking bankruptcy relief presented their best option to stabilize and reorganize their affairs. This Chapter 11 Case was commenced under Subchapter V of the Bankruptcy Code. Subchapter V enables small business debtors, such as the Debtors, to more effectively reorganize in Chapter 11. Under this Plan, the Reorganized Debtors intend to distribute cash generated from their operations to holders of Allowed Claims. Class 5-2(KW) General Unsecured Claims. The allowed unsecured claims total $1,006,924.65. Pro Rata distribution from the AP Kingwood's disposable income will be paid following payment of all Allowed Administrative Expense and Priority Claims. This Class will be paid over sixty months with payments beginning in the month following the month when the Allowed Administrative Expenses Claims are paid in full and AP Kingwood's cash reserves reach $100,000.00. Once AP Kingwood's cash reserves reach $100,000.00 and all Allowed Administrative Expense Claims have been paid in full, AP Kingwood will pay a minimum of eighty-five percent of its net operating cash flow for each month to the Claims in this Class. Such payments shall be made by the 5th of the following month. The remaining net operating cash flow (>15%) will be added to AP Kingwood's cash reserve. Exhibit B shows AP Kingwood will begin making monthly payments in the thirty-first month. The total payments to this Class under the projections in Exhibit B are $204,523.91. Exhibit B is one hypothetical scenario. Exhibit B in no way obligates AP Kingwood to begin making payments at that time or in that amount. AP Kingwood may begin making payments at a different date and in a different amount, provided that it begins making payments. When monthly payments begin, how much those payments are, and the total received by the creditors in this Class will depend on the actual revenues generated by AP Kingwood during the sixty-month period. The total paid to creditors in this Class may be more or less than the amount on Exhibit B. This Class is impaired. Class 6-2(CS) General Unsecured Claims. The allowed unsecured claims total $1,628,733.36. Pro Rata distribution from the AP College Station's disposable income will be paid following payment of all Allowed Administrative Expense and Priority Claims. This Class will be paid over sixty months with payments beginning in the month following the month when the Allowed Administrative Expenses Claims are paid in full and AP College Station's cash reserves reach $100,000.00. Once AP College Station's cash reserves reach $100,000.00 and all Allowed Administrative Expense Claims have been paid in full, AP College Station will pay a minimum of 85% of its net operating cash flow for that month to the Claims in this Class. Such payment shall be made by the 5th of the following month. The remaining net operating cash flow (>15%) will be added to AP College Station's cash reserve. Exhibit B shows AP College Station making monthly payments beginning in the 42nd month. The total payments to this Class under the projections in Exhibit B are $79,54.32.00. Exhibit B is one hypothetical scenario. Exhibit B in no way obligates AP College Station to begin making payments at that time or in that amount. AP College Station may begin payments at a different date and in a different amount, provided that it begins making payments. When monthly payments begin, how much those payments are, and the total received by the creditors in this Class will depend on the actual revenues generated by AP College Station during the sixty-month period. The total paid to creditors in this Class may be more or less than the amount on Exhibit B. This Class is impaired. The interests of the Equity Holders of AP Kingwood will retain their interests. The interests of the Equity Holders of AP College Station will retain their interests. The Reorganized Debtors will continue to operate their business and are authorized to take any actions they deem necessary to operate the same. The Plan will be funded from the Reorganized Debtors' disposable incomes earned from the Debtors' operations. A full-text copy of the Joint Plan dated May 19, 2026 is available at https://urlcurt.com/u?l=v8F0qV from PacerMonitor.com at no charge. Counsel to the Debtor: Ricky L. Hutchens, Esq. Lloyd A. Lim, Esq. Rachel T. Kubanda, Esq. KEAN MILLER LLP 711 Louisiana Street, Suite 1800 Houston, TX 77002-2832 Tel: (713) 844-3000 E-mail: Ricky.Hutchens@KeanMiller.com Lloyd.Lim@KeanMiller.com Rachel.Kubanda@KeanMiller.com About Armadillo Pizza Armadillo Pizza, LLC d/b/a Crust Pizza Co. and Armadillo Pizza College Station LLC d/b/a Crust Pizza Co. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-31060) on February 18, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $1,000,001 and $10 million. Judge Jeffrey P. Norman oversees the case. Kean Miller LLP is Debtor's legal counsel. ASCENSION TOWING: Leo Congeni Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Leo Congeni, Esq., at Congeni Law Firm, LLC as Subchapter V trustee for Ascension Towing and Recovery, LLC. Mr. Congeni will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Congeni declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leo D. Congeni CONGENI LAW FIRM, LLC 650 Poydras Street, Suite 2750 New Orleans, LA 70130 Telephone: 504-522-4848 Facsimile: 504-910-3055 Email: leo@congenilawfirm.com About Ascension Towing and Recovery LLC Ascension Towing and Recovery, LLC provides towing, vehicle recovery and roadside-support services in Saint Amant, Louisiana. The company offers light-, medium- and heavy-duty towing, flatbed towing, winch and recovery services, boat and RV towing, motorcycle towing, impound service and related heavy-duty breakdown assistance for motorists, vehicle owners and commercial operators in St. Amant and surrounding areas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. La. Case No. 26-10439) on May 19, 2026, with $610,500 in assets and $1,035,055 in liabilities. Frank A. Credidio, manager, signed the petition. Ryan J. Richmond, Esq., at Sternberg, Naccari & White, LLC represents the Debtor as legal counsel. AURORA FUEL: Has Deal on Cash Collateral Access ----------------------------------------------- Aurora Fuel Company, Inc. and The Huntington National Bank, successor by merger to Cadence Bank, ask the U.S. Bankruptcy Court for the District of Rhode Island, for approval of a consent order authorizing the Debtor's use of cash collateral and providing adequate protection to the bank. The Debtor's continued operations depend on access to cash generated from fuel sales and accounts receivable, which constitute the bank's collateral. Without authorization to use this cash collateral, the company asserted it would likely be forced to cease operations, resulting in irreparable harm to the estate, employees, and creditors. The consent order details the bank's secured position arising from a June 18, 2024 SBA-backed loan originally issued in the amount of $445,000. To secure repayment, Aurora granted Cadence Bank a blanket lien on substantially all personal property, including vehicles, equipment, inventory, accounts, fixtures, and deposit accounts. The bank filed a proof of claim asserting approximately $503,760 due as of the petition date. Although several other creditors filed UCC financing statements claiming junior liens, Aurora contends those creditors are effectively unsecured because the value of the collateral is less than the amount owed to the bank in first position. The order therefore states that consent from those junior creditors is unnecessary for use of the cash collateral. Under the proposed arrangement, Aurora may use cash collateral through July 7, 2026 pursuant to a detailed 13-week rolling budget. The budget projects weekly cash receipts largely from customer collections and fuel sales ranging between approximately $6,000 and $33,000, while expenses include payroll, fuel purchases, fleet vehicle costs, insurance, office expenses, and adequate protection payments to the bank. The projections show the company gradually improving liquidity despite beginning with a negative cash balance shortly after filing. The budget also imposes spending controls, limiting deviations to no more than 10% by category on a monthly basis. As adequate protection, Aurora agreed to make monthly $1,500 payments to the bank beginning May 1, 2026 and granted replacement liens on postpetition assets equivalent to the bank's prepetition collateral package. The order also grants the bank a potential superpriority administrative claim under 11 U.S.C. Section 507(b) if the agreed protections prove insufficient. Additionally, the bank retains inspection and reporting rights, including monthly actual-to-budget reporting requirements. The consent order defines several termination events and defaults, including conversion of the case, appointment of a chapter 7 trustee, missed adequate protection payments, or unauthorized borrowing. Upon default, the bank may terminate Aurora's authority to use cash collateral after notice and a seven-day cure period. A copy of the consent order is available at https://urlcurt.com/u?l=4RsSxk from PacerMonitor.com. About Aurora Fuel Company Inc. Aurora Fuel Company, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Rhode Island Case No. 26-10315) on April 7, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge John A. Dorsey Jr. presides over the case. Thomas P. Quinn, Esq., at Mclaughlinquinn, LLC represents the Debtor as legal counsel. The Huntington National Bank, successor by merger to Cadence Bank, is represented by: Patricia Antonelli, Esq. Demerle & Associates P.C. 10 City Square Boston, MA 02129 Tel: (617)337-4444 Email: pantonelli@demerlepc.com AUZMET ARCHITECTURAL: Seeks Chapter 7 Bankruptcy, Closes Dallas Biz ------------------------------------------------------------------- Plamedie Ifasso of Dallas Business Journal reports that commercial construction contractor Auzmet Architectural LLC is closing its Dallas operations and eliminating 152 jobs as the company winds down its business. The closure affects the firm's facility at the Pinnacle Business Center and marks the end of operations for a company that specialized in architectural cladding and panel installation services. The layoffs began on May 19, 2026, according to a filing with the Texas Workforce Commission. While the majority of employees were immediately affected, a limited number will remain for a brief transition period to complete shutdown activities before departing no later than July 18. The workforce reductions span operational, management, and administrative roles, including installers, foremen, project engineers, project managers, and vice presidents. In the notice, Illinois Avenue Partners CEO Bob McNally cited unforeseen business developments and unsuccessful financing efforts as the primary reasons for the closure. He said the company explored funding opportunities with lenders and investors but was unable to secure the capital necessary to continue operations. On May 22, 2026 Auzmet sought Chapter 7 bankruptcy protection in Delaware. Court filings show the company reported assets of $10 million to $50 million, liabilities of $10 million to $50 million, and between 200 and 999 creditors. The company had previously participated in notable construction projects across Texas, including developments for GlobalWafers, JPMorgan Chase, and Ross Tower, the report states. About Auzmet Architectural LLC Auzmet Architectural LLC is a specialty construction contractor headquartered in Dallas, Texas. Auzmet Architectural LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10833) on May 22, 2026. The Debtor is represented by Mark E. Felger Esq., of Cozen O'Connor. AVIAN PARTNERS: Seeks Chapter 11 Bankruptcy in Arizona ------------------------------------------------------ On May 27, 2026, Smitty's Land V, LLC commenced a voluntary Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the District of Arizona. Court records show the Debtor owes between $1 million and $10 million to approximately 1-49 creditors. A Meeting of Creditors with 341(a) meeting to be held on 6/22/2026 at 09:00 AM via UST Teleconference Oakland, Call in number: 1-888-330-1716 Passcode: 8324431. About Smitty's Land V, LLC Smitty's Land V, LLC operates as a real estate investment and property holding company focused on land assets and development opportunities. Smitty's Land V, LLC filed for relief under Chapter 11 of the Bankruptcy Code (Bankr. Case No. 26-05233) on May 27, 2026. The bankruptcy petition lists estimated assets ranging from $1 million to $10 million and estimated liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge handles the case. B&A CHILDCARE: Gets Final OK to Use Cash Collateral --------------------------------------------------- B&A Childcare Services of Atlanta, Inc. received final approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay the expenses set forth in its budget, subject to a 10% variance. The Debtor's access to cash collateral ends upon appointment of a Chapter 11 trustee; dismissal or conversion of its Chapter 11 case; further court order; or an unresolved default, whichever occurs first. The Debtor's cash collateral consists of post-petition accounts, rights of payment, cash and proceeds thereof, subject to security interests by the U.S. Small Business Administration and six other secured creditors. It owes over $711,000 to these creditors while holding only about $36,000 in assets. B&A offers protection to secured creditors by granting them replacement liens on its assets, with the same priority and nature as their pre-petition liens, ensuring their collateral position is not diminished during the interim period. The order is available at https://shorturl.at/tdOHP from PacerMonitor.com. After filing for Subchapter V Chapter 11 protection due to financial strain caused largely by COVID-19 disruptions and burdensome merchant cash advance loans, the Debtor remains in possession of its assets and continues running its daycare, which generates roughly $700,000 annually. About B&A Childcare Services of Atlanta Inc. B&A Childcare Services of Atlanta, Inc. operates a childcare facility. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-55321-bem) on April 22, 2026. In the petition signed by Angelia Rembert, chief executive officer, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Barbara Ellis-Monro oversees the case. Paul Reece Marr, Esq., at Paul Reece Marr, P.C., represents the Debtor as legal counsel. BALLAST DESIGN: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Ballast Design Build LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, interim authority to use cash collateral. The Court authorized Ballast Design Build LLC to use cash collateral in accordance with an approved budget attached to the motion. The debtor may increase total budgeted expenditures by up to 15% in the aggregate and may carry over unused budget amounts. The order also permits payment of actual obligations owed to utilities, taxing authorities, insurance providers, and expenses for repairs required at two Atlanta properties securing creditor claims. The Debtor projects total operational expenses of $26,390 for the period from May 18 to June 22. As adequate protection for creditors ABL RPC Residential Credit Acquisition, LLC and the U.S. Small Business Administration, the Court granted replacement liens on post-petition assets of the same nature as the creditors' prepetition collateral to the extent any decline in collateral value occurs because of the debtor's use of cash collateral. These replacement liens maintain the same validity and priority as the prepetition liens but exclude Chapter 5 avoidance claims and related causes of action under the Bankruptcy Code. The order preserves all rights of both the debtor and creditors to challenge lien validity, seek relief from the automatic stay, contest proposed treatment of claims, or pursue other remedies. Objections to final approval of cash collateral use must be filed by June 16, 2026, and a final hearing is scheduled for June 17, 2026. About Ballast Design Build LLC Ballast Design Build LLC is a limited liability corporation based in Georgia. Ballast Design Build sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54381) on April 2, 2026. The Company listed $1 million to $10 million in assets and liabilities. Judge Barbara Ellis-Monro presides over the case. Leslie M. Pineyro, at Jones And Walden, LLC, is the Debtor's legal counsel. BANNER CHEMICAL: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Banner Chemical Corp. received final approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay the expenses set forth in its budget, subject to a 10% variance. The Debtor's cash collateral consists of funds subject to a first priority lien held by Citizens Bank and a second priority lien held by the U.S. Small Business Administration. Citizens Bank holds a lien tied to a 2014 loan later assumed by the bank, with a total claim of about $508,000, of which only $100,000 is secured and the balance unsecured. Meanwhile, the SBA holds a junior lien securing a $150,000 loan made in 2020 but is effectively fully undersecured due to Citizens Bank's senior lien. As protection for the Debtor's use of their cash collateral, both lenders will be granted replacement liens on the Debtor's property, subject and subordinate only to the fee carveout and any existing lien senior to the lenders' pre-petition liens. In addition, Citizens Bank will receive $1,980 in monthly payments. Termination events include failure to comply with the budget or order terms, dismissal or conversion of the Chapter 11 case, or modification of the order without lender consent. Upon a termination event and after a 10-business-day notice period, secured lenders may seek termination of the debtor's authority to use cash collateral and relief from the automatic stay. The order also provides a carveout of up to $15,000 for Subchapter V trustee fees and expenses, requires the Debtor to escrow $5,000 per month toward those fees, and modifies the automatic stay as necessary to implement the order while preserving the lenders' rights to adequate protection. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/WTEdF from PacerMonitor.com. About Banner Chemical Corp. Banner Chemical Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. New Jersey Case No. 26-14051) on April 13, 2026. At the time of the filing, the Debtor reported assets of up to $50,000 and liabilities of between $500,001 and $1 million. The Debtor tapped McManimon, Scotland & Baumann, LLC as legal counsel and Vestcorp, LLC as accountant. Joseph Schwartz, Esq., at Riker Danzig Scherer Hyland & Perretti, LLP, serves as Subchapter V trustee for the Debtor. BASECOAT ON FIFTH: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- Basecoat on Fifth, LLC asks the U.S. Bankruptcy Court for the Northern District of Alabama, Southern Division, for emergency authorization to use cash collateral and provide adequate protection. Immediate access to cash collateral is essential for the salon's continued operations, including payment of payroll, operating expenses, and inventory costs, and that without such authority the business would be forced to shut down with little prospect of reorganization. The Debtor explains that the business had operated successfully until 2025, when conditions surrounding the salon began to deteriorate because of increasing homelessness in the area. Customers became reluctant to visit the business because they frequently encountered individuals asking for money or food near the premises and felt unsafe leaving the establishment. The Debtor cited nearby restaurant closures, including Pies and Pints and an Outback Steakhouse location, as evidence of the broader economic decline affecting the neighborhood. As revenues declined, the salon fell behind on rent payments owed to its landlord. Efforts to negotiate a resolution with the landlord were unsuccessful, leading to the filing of an unlawful detainer action that ultimately precipitated the bankruptcy filing. In 2025, the Debtor obtained a Small Business Administration-backed commercial loan secured by substantially all of the company's tangible and intangible personal property, including equipment, inventory, chattel paper, instruments, accounts, and deposit accounts. The SBA perfected its security interest by filing UCC-1 financing statements with the Alabama Secretary of State. Because the Debtor's revenues and deposit accounts constitute cash collateral subject to the SBA's lien rights, court approval is required before those funds can be used in ongoing operations. To support continued operations, the Debtor seeks authority to use cash collateral in accordance with a proposed budget that will cover ordinary and necessary business expenses, statutory fees, and professional fees approved by the bankruptcy court. The Debtor specifically highlights the need to pay employee wages and references a separate emergency payroll motion filed or to be filed in the case. The Debtor argues that retaining employees is critical to any successful reorganization effort. As adequate protection for the SBA, the Debtor proposes granting replacement liens on all future accounts receivable and proceeds generated after the petition date, with the same priority as the SBA's prepetition liens. These replacement liens would be automatically perfected without further filings. However, the liens would remain subordinate to unpaid bankruptcy court fees, Bankruptcy Administrator fees, and approved professional compensation under 11 U.S.C. sections 330 and 331. The Debtor maintains that the SBA's secured position will not diminish because the use of existing cash collateral will be offset by incoming receivables generated through continued business operations. A copy of the motion is available at https://urlcurt.com/u?l=dwuSiE from PacerMonitor.com. About Basecoat on Fifth, LLC Basecoat on Fifth, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-01671) on May 12, 2026. At the time of the filing, Debtor had estimated assets of between $0 and $50,000 and liabilities of between $0 and $50,000. Judge D. Sims Crawford oversees the case. Russo, White & Keller, P.C. is Debtor's legal counsel. BELLA FAMILY: Unsecureds Will Get 1% of Claims over 36 Months ------------------------------------------------------------- Bella Family Dental, Inc. filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization for Small Business dated May 19, 2026. The Debtor is a corporation. Since 2012, the Debtor has been in the business of providing dental services for over 13 years. The business operates as a dental practice with two locations: 5875 NW 105 Court, Unit 108, Doral, Florida 33178, and 19551 Sheridan Street, Pembroke Pines, Florida 33332. Dr. Yarimar Ruiz is the president of the Debtor and a licensed dentist in Florida. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately .01 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 3 consists of Non-priority unsecured creditors. This class will receive of distribution of 1% on a pro rata basis for all proofs of claim filed. Monthly payments shall begin within 30 days upon confirmation for a period 36 months. This Class is impaired. Class 4 consists of Equity security holders of the Debtor. There will be no distribution for this class. Equity holders will retain their equity interests. The Plan will be funded from the operations of the Debtor. Debtor foresees no interruptions with Debtor's operations during the term of the Plan. Yarimar Ruiz shall remain as the dentist, president and 50% owner. Ruben Delgado shall remain as the vice president and 50% owner. The Debtor is assuming both rented commercial locations. There will be no staff reductions in order to maintain continuity of the operations. A full-text copy of the Plan of Reorganization dated May 19, 2026 is available at https://urlcurt.com/u?l=oWH6AR from PacerMonitor.com at no charge. Counsel to the Debtor: Richard R. Robles, Esq. Law Offices of Richard R. Robles, P.A. 905 Brickell Bay Drive, Suite 228 Miami, FL 33131 Telephone: (305) 755-9200 E-mail: rrobles@roblespa.com About Bella Family Dental, Inc. Bella Family Dental, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11969) on February 18, 2026, with $500,001 to $1 million in assets and $1,000,001 to $10 million in liabilities. Judge Laurel M. Isicoff presides over the case. Richard R. Robles, Esq., represents the Debtor as legal counsel. BESTAR INC: Wins Chapter 15 Recognition Amid Deposit Fight ---------------------------------------------------------- Hilary Russ of Law360 Bankruptcy Authority reports that Canadian furniture company Bestar Inc. secured Chapter 15 recognition in Delaware on Thursday, May 28, 2026, after a bankruptcy judge rejected a challenge from a landlord seeking rights to a $250,000 security deposit. The decision extends U.S. recognition to the company’s Canadian restructuring proceedings. The landlord maintained that it needed access to the deposit to protect against potential lease-related damages and urged the court to withhold or condition recognition. Bestar argued that the objection should not prevent recognition because the dispute could be resolved within the broader insolvency process. In granting recognition, the court found that the Canadian proceeding qualified for Chapter 15 relief and that the statutory requirements had been met. The ruling enables Bestar to benefit from cross-border bankruptcy protections while the parties continue litigating the deposit issue, the report states. About Bestar Inc. Bestar Inc. is a leading Canadian manufacturer of ready-to-assemble furniture. Bestar Inc. sought relief under Chapter 15 of the U.S. Bankruptcy Code(Bankr. D. Del. Case No. 26-10659) on May 4, 2026. The Debtor is represented by Represented By David M. Klauder, Esq. of Bielli & Klauder, LLC. BLESS YOUR HEART: Employs Lane Law Firm as Legal Counsel -------------------------------------------------------- Bless Your Heart, LLC seeks approval from the United States Bankruptcy Court for the Western District of Texas to employ The Lane Law Firm, PLLC to serve as its counsel. The firm will provide these services: (a) assist, advise and represent the Debtor relative to the administration of the Chapter 11 case; (b) assist, advise and represent the Debtor in analyzing the Debtor’s assets and liabilities, investigating the extent and validity of lien and claims, and participating in and reviewing any proposed asset sales or dispositions; (c) attend meetings and negotiate with the representatives of the secured creditors; (d) assist the Debtor in the preparation, analysis and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this Court, the Appellate Courts, and other courts in which matters may be heard and to protect the interests of the Debtor before said courts and the United States Trustee; and (g) perform all other necessary legal services in these cases. The Lane Law Firm, PLLC will be compensated at hourly rates of $650 for Partner Robert C. Lane, $625 for Partner Joshua Gordon, $625 for Senior Counsel Matthew Bourda, $575 for Attorney Zachary Casas, $550 for Attorney Kyle Garza, and $250 for paralegals. The Debtor previously paid a $35,000 retainer, of which $18,386.50 in fees and $3,492.20 in expenses were incurred pre-petition, leaving a remaining balance of $13,121.30. Additional post-petition compensation arrangements are subject to court approval. The Lane Law Firm, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and does not hold or represent any interest adverse to the Debtor or its estate. The firm can be reached at: Robert C. Lane, Esq. THE LANE LAW FIRM, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 E-mail: notifications@lanelaw.com About Bless Your Heart, LLC Bless Your Heart, LLC in San Antonio, Texas, sought relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-51404) on May 27, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 to $100,000 and liabilities of between $100,001 to $500,000. Judge Aubrey L Thomas oversees the case. The Lane Law Firm, PLLC is Debtor's legal counsel. BOTTOMLINE INK: 180-Day Extension for Plan Filing Granted --------------------------------------------------------- Judge Mary Ann Whipple of the U.S. Bankruptcy Court for the Northern District of Ohio extended Bottomline Ink Corporation's exclusive period to file a plan of reorganization for additional one-hundred eighty days. As shared by Troubled Company Reporter, the Debtor explains that it requires an extension of the 120-day period and as for cause would assert that the Debtor's singular largest customer, the Red Cross is considering the proposal submitted by the Debtor through its request for proposal ("RFP") process. The Debtor's proposals have historically been approved by and accepted by the Red Cross and has been a key component in the business of the Debtor. The Debtor claims that the RFP process is a structured procurement method used to solicit bids by the Red Cross from vendors, typically taking 4-8 weeks and based on that the Debtor believed as the end of March and first part of April that such a decision would have been issued prior to the end of the exclusivity period. In addition, given that the Red Cross is the Debtor's singular largest customer, the continuation of this contract or the loss of this contract could alter the proposed plan and the Debtor would assert that such a factor is cause to increase the 120-day period to 180 days as it demonstrates the Debtor's need for sufficient time to prepare adequate information for whatever the outcome would be with respect to the decision of the Red Cross. Bottomline Ink Corporation is represented by: Steven L. Diller, Esq. Diller and Rice, LLC 124 E. Main Street Van Wert, OH 45891 Telephone: (419) 238-5025 Facsimile: (419) 238-4705 Email: Steven@drlawllc.com About Bottomline Ink Bottomline Ink, Corporation operates as a full-service provider of printing and promotional solutions, offering customized apparel, signage, and branded merchandise. Its services include screen printing, embroidery, and digital printing for companies, schools, and nonprofit organizations. Bottomline Ink, Corporation, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-32806) on Dec. 31, 2025. In its petition, the Debtor listed assets and debt of $1 million to $10 million. Bankruptcy Judge Mary Ann Whipple handles the case. The Debtor is represented by Steven L. Diller, Esq. BOTW HOLDINGS: Amends Unsecured Claims Pay Details -------------------------------------------------- BOTW Holdings, LLC, and affiliates submitted a Third Amended Joint Plan of Reorganization under Subchapter V dated May 19, 2026. Upon confirmation of this Plan and substantive consolidation of the BOTW Entities, the previously separate BOTW Entities will be consolidated and treated as the single BOTW Consolidated Estate effective as of the date of confirmation, and only the Reorganized Consolidated Debtor will continue operations after the Effective Date. The BOTW Entities have continued operations post-petition and will continue operations solely through the Reorganized Consolidated Debtor post-confirmation. Accordingly, the funds to be distributed to timely filed Allowed Claims under the Plan are comprised of the BOTW Entities' (as substantively consolidated and operating as the Reorganized Consolidated Debtor) Disposable Income received over the 3.5-year term of the Plan. Class 5 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim not included under any other Class of this Plan agrees in writing to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of, and in exchange for, each Allowed General Unsecured Claim not included under any other Class of this Plan, Class 5 Holders of Allowed General Unsecured Claims shall receive their Pro Rata share of the BOTW Entities' (as operating through the Reorganized Consolidated Debtor) Projected Disposable Income for a 3.5-year period beginning on the Effective Date. Class 5 Claims shall be paid quarterly (April 1, July 1, October 1, January 1), on a Pro Rata basis, beginning on October 1, 2026. Class 5 is impaired. Class 6 consists of Equity Interests. Upon confirmation of this Plan and substantive consolidation of the BOTW Entities, the previously separate BOTW Entities will be consolidated and treated as the single BOTW Consolidated Estate effective as of the date of confirmation. As such Holdings' ownership interests in the other BOTW Entities will become moot and shall be extinguished. All equity in the Reorganized Consolidated Debtor shall be issued to Stryk in accordance with this Plan. The Reorganized Consolidated Debtor shall be empowered to take such action as may be necessary to perform its obligations under this Plan. As soon as reasonably practicable after the Effective Date, and consistent with the substantive consolidation of the BOTW Entities which will operate solely through the Reorganized Consolidated Debtor, Chase Myers or his assignee shall be authorized to take, in his, her or its sole and absolute discretion, all actions reasonably necessary to dissolve Arms, Ammo, Productions, Huskemaw and/or LRS under applicable laws, including under the laws of the jurisdictions in which they may be organized or registered, and to pay all reasonable costs and expenses in connection with such dissolutions, including the costs of preparing or filing any necessary paperwork or documentation. If confirmed under Section 1191(a) of the Bankruptcy Code, all assets of the BOTW Consolidated Estate shall vest in the Reorganized Consolidated Debtor on the Effective Date and shall be under the sole and exclusive control and management of Chase Myers or his designee, who shall have full power and authority to hold, sell, assign, or transfer any such assets on behalf of the Reorganized Consolidated Debtor. If confirmed under Section 1191(b), all assets of the BOTW Consolidated Estates as of the Effective Date of the Plan shall remain property of the BOTW Consolidated Estate during the term of the Plan and after-acquired property will be subject to Section 1186 of the Bankruptcy Code. Upon completion of all payments under the Plan and entry of discharge under Sections 1192 and 1141(d)(1)(A), all assets of the BOTW Consolidated Estate shall revest in the Reorganized Consolidated Debtor. A full-text copy of the Third Amended Joint Plan dated May 19, 2026 is available at https://urlcurt.com/u?l=qO7aP1 from PacerMonitor.com at no charge. Counsel to the Debtor: Bradley T. Hunsicker, Esq. Lacey S. Bryan, Esq. Markus Williams Young & Hunsicker, LLC 2120 Carey Avenue, Suite 101 Cheyenne, WY 82001 Telephone: (307) 778-8178 Facsimile: (307) 638-1975 Email: bhunsicker@MarkusWilliams.com About BOTW Holdings, LLC BOTW Holdings, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No. 24-20138) on April 19, 2024. The petition was signed by Jeff Edwards, manager of Stryk Group Holdings, LLC. At the time of filing, the Debtor estimated $1 million to $10 million in both assets and liabilities. Judge Cathleen D. Parker presides over the case. Bradley T Hunsicker, Esq., at Markus Williams Young & Hunsicker LLC, is the Debtor's counsel. BROADWAY FORD: Has Deal Cash Collateral Access ---------------------------------------------- Broadway Ford Truck Sales, Inc. asks the U.S. Bankruptcy Court for the Eastern District of Michigan, Eastern Division, for authority to use cash collateral and provide adequate protection, on an interim basis, in accordance with its agreement with Ford Motor Credit Company LLC, through June 1, 2026. The Debtor has operated since 1997 as an authorized Ford dealer selling and servicing new and used vehicles and has historically relied on a wholesale financing arrangement with Ford Credit under multiple agreements, including a wholesale credit facility, security agreement, and receivables assignment, all of which grant Ford Credit a perfected first-priority security interest in substantially all of the Debtor's assets, including inventory, accounts, and proceeds constituting cash collateral. As of the petition date, the Debtor owes approximately $33.7 million to Ford Credit, secured by liens on vehicle inventory and related proceeds, and acknowledges that other creditors may assert junior interests in the same collateral. The Debtor asserts that continued use of cash collateral is essential to fund day-to-day operations, including payroll, utilities, and inventory-related expenses necessary to keep the dealership operating. A proposed budget outlines the anticipated cash needs during the interim period. Ford Credit consents to the use of cash collateral subject to a stipulation that governs adequate protection, which includes replacement liens, continued control over vehicle titles and related documentation, reporting obligations, payment requirements upon vehicle sales, and other operational safeguards. The stipulation also provides for certain administrative and oversight mechanisms such as onsite representatives and certified payment procedures, while preserving Ford Credit’s secured position. The Debtor argues that without immediate access to cash collateral it would be forced to cease operations, resulting in irreparable harm and loss of going-concern value, thereby undermining any potential reorganization. It contends that continued operation is necessary to preserve value for all stakeholders and to enable formulation of a viable Chapter 11 plan. A copy of the motion is available at https://urlcurt.com/u?l=sArVq0 from PacerMonitor.com. About Broadway Ford Truck Sales, Inc. Broadway Ford Truck Sales, Inc. is an authorized Ford dealer selling and servicing new and used vehicles. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 26-42179) on May 18, 2026. In the petition signed by Dennis N Phillips, owner, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Bonnie L. Clair oversees the case. Thomas H. Riske, Esq., at Carmody MacDonald P.C., represents the Debtor as legal counsel. CARBON HEALTH: Secures OK to Exit Chapter 11 After Creditor Deal ---------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Carbon Health Technologies received court approval Friday, May 29, 2026, for its Chapter 11 reorganization plan, allowing the healthcare company to create a $12 million fund dedicated to creditor recoveries and finalize its bankruptcy restructuring. The confirmation follows negotiations that resulted in a consensual resolution with creditors. The debtor argued that the plan strikes a balance between creditor interests and the company's need for a practical exit from bankruptcy. By establishing the trust, Carbon Health can centralize the administration of claims and distribute proceeds under a court-approved framework, according to report. The confirmation order paves the way for Carbon Health's emergence from Chapter 11 and the implementation of the settlement terms. The company now moves into the final phase of its restructuring, with creditor distributions expected to proceed through the newly created trust, the report relays. About Carbon Health Technologies 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. CARBON HEALTH: Unsecureds to Get Share of Trust Interests in Plan ----------------------------------------------------------------- Carbon Health Technologies Inc. and Debtor Affiliates filed with the U.S. Bankruptcy Court for the Southern District of Texas a Combined Disclosure Statement and Second Amended Plan of Reorganization dated May 15, 2026. The Debtors provide a fully integrated primary and urgent care system to over 800,000 patients each year. The Debtors utilize a proprietary software platform, CarbyOS, to execute a digital strategy that enhances patient engagement and drives operating efficiency. CHTI was founded in San Francisco in 2015 and is currently headquartered in Sunnyvale, California. CHTI began as a software platform and mobile application development company for medical records, tele-health, doctor-patient messaging and scheduling. At the time, CHTI's goal was to build software for medical practices. Beginning in August 2024, eleven women ("SA Plaintiffs") filed nine lawsuits in the Philadelphia Court of Common Pleas against Ramon Garcia, a former medical assistant employed at various of the Pennsylvania urgent care clinics of CHMG Florida and certain other defendants, including, in some of the actions, against CHTI (collectively, with CHMG Florida, the "Carbon Defendants"). The Combined Disclosure Statement and Plan provides for a comprehensive restructuring of the Company's balance sheet and a significant investment of capital in the Debtors' business that provides significant value to the Holders of General Unsecured Claims while also providing the Debtors a discharge so that they can continue to operate their businesses and provide important healthcare services. As set forth in more detail herein, the Combined Disclosure Statement and Plan provides: * The restructuring as set forth in the Combined Disclosure Statement and Plan implements a debt-for-equity exchange transaction (or similar transaction). Holders of DIP Claims and Allowed Prepetition Secured Claims will receive on the Effective Date, in full and final satisfaction of such Claims, their Pro Rata share of: (a) 100% of the New Equity Interests, subject to the dilution described herein, and (b) the Exit Facility. The corporate structure of the Reorganized Debtors is set forth in the Plan Supplement. * A first lien term loan facility (the "Exit Facility"), which will be provided by the Holders of Prepetition Secured Claims in the event of a Reorganization Transaction, and which is subject to increase as necessary to fund the liquidity requirements of the Reorganized Debtors. * On the Effective Date of the Combined Disclosure Statement and Plan, a Trust will be formed for the benefit of the holders of an Allowed General Unsecured Claim (i.e., the Trust Beneficiaries) who will each receive, in full and final satisfaction of such Allowed General Unsecured Claims a share of the Trust Assets. The Trust will be funded with the Data Transfer Documents, the Trust Causes of Action, the Trust Funding Amount ($12 million in cash), and the Abuse Insurance Rights. The "Avoidance Actions" assigned to the Trust shall not include the Excluded Avoidance Actions. * Holders of Allowed Commercial GUC Claims (Class 6) will receive (i) $4.55 million of the Trust Funding Amount, (ii) the proceeds of the Avoidance Actions (other than the Excluded Avoidance Actions), and (iii) a Pro Rata share of the remaining Trust Assets that are not specifically allocated to the Holders of Allowed Abuse Claims, in each case after accounting for the administrative expenses of the Trust. * Holders of Allowed Abuse Claims will receive (i) $7.45 million of the Trust Funding Amount, (ii) the net proceeds of the Abuse Insurance Policies and the Abuse Insurance Rights, and (iii) a Pro Rata share of the remaining Trust Assets that are not specifically allocated to the Holders of Allowed Commercial GUC Claims, in each case after accounting for the administrative expenses of the QSF. * The Commercial GUC Claims shall be liquidated in accordance with the Combined Disclosure Statement and Plan, provided that the Trustee (but not the Debtors, the Reorganized Debtors or the Secured Parties) shall be responsible for objecting to the Commercial GUC Claims. * Abuse Claims shall be liquidated in accordance with the Abuse Claims Protocol proposed by the Committee, which Abuse Claims Protocol shall be reasonably acceptable to the Debtors. * The definition of "Released Parties" shall be expanded such that, inter alia, the Debtors' current or continuing control persons, officers, and directors are Released Parties. * Subject to the Trust's receipt of the full amount of the $12 million Trust Funding Amount and the vesting of the Trust Causes of Action and the Abuse Insurance Rights Transfer in the Trust on the Effective Date, the Debtors and their current and continuing directors and officers will receive full releases from the Debtors and from any direct claims held by the Holders of Abuse Claims. The Debtors and the Secured Parties shall provide the form of release to be executed for Released Parties, by the Holders of Allowed Abuse Claims, which form of release shall be reasonably acceptable to the Committee. The Combined Disclosure Statement and Plan is the result of extensive good faith negotiations among the Debtors, the Holders of Prepetition Secured Claims (including through the Prepetition Agent), the Holders of DIP Claims (including through the DIP Agent), and the Committee. Class 6 comprises the Allowed Commercial GUC Claims. On the Effective Date, or as soon thereafter as reasonably practicable, each Holder of an Allowed Commercial GUC Claim shall receive, in full and final satisfaction of such Claim, a Pro Rata share of the Trust Interests, which shall be distributed on a Pro Rata basis among all Commercial GUC Claims and which shall entitle such Holder of an Allowed Commercial GUC Claim to a Pro Rata share of the distributable assets of the Commercial GUC Fund. Class 6 is Impaired. Class 7 comprises the Allowed Abuse Claims. As of the Effective Date, all Abuse Claims shall automatically and without further act, deed, or court order, be assumed by the Abuse Claims QSF. Subject to the QSF Documents, each Holder of an Allowed Abuse Claim shall be entitled to receive their allocable share of the distributable assets of the Abuse Claims QSF. Class 7 is Impaired and the Holders of Claims in Class 7 are entitled to vote to accept or reject the Plan. Class 9 comprises the Equity Interests. As of the Effective Date, any and all Equity Interests are cancelled and deemed discharged without any further notice or order. No distributions shall be made under the Plan on account of any Equity Interest. In the event of a Reorganization Transaction, the Debtors shall fund distributions and satisfy applicable Allowed Claims and Allowed Interests under the Plan with respect to the Reorganization Transaction with Cash on hand, the Exit Facility, and the New Equity Interests. In the event of a Third-Party Sale Transaction, the Debtors shall fund distributions and satisfy applicable Allowed Claims and Allowed Interests under the Plan with respect to the Third-Party Sale Transaction using Cash on hand, the Third-Party Sale Transaction Proceeds, and the Post-Sale Reserve. A full-text copy of the Combined Disclosure Statement and Plan dated May 15, 2026 is available at https://urlcurt.com/u?l=Z38xni from Kroll, claims agent. Counsel to the Debtors: PACHULSKI STANG ZIEHL & JONES LLP Debra I. Grassgreen, Esq. Maxim B. Litvak, Esq. John W. Lucas, Esq. Theodore S. Heckel, Esq. 700 Louisiana Street, Suite 4500 Houston, TX 77002 Telephone: (713) 691-9385 Facsimile: (713) 691-9407 Email: dgrassgreen@pszjlaw.com mlitvak@pszjlaw.com jlucas@pszjlaw.com theckel@pszjlaw.com About Carbon Health Technologies 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 FOR THE ELDERLY: No Decline in Patient Care, PCO Reports ------------------------------------------------------------- Tamar Terzian, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Central District of California her second and final report regarding the quality of patient care provided by Care for the Elderly, Inc.'s Beverly Community Facilities. From March 26 to May 26, the PCO conducted three weeks of site visits at Grand View Park, meeting with administration, the Director of Nursing, staff, and patients. The PCO interviewed nurses who, despite awareness of the bankruptcy, remained positive and committed to patient care. The DNO reported adequate staffing and sufficient supplies to safely maintain daily operations. The PCO observed no infection control or HIPAA violations; most nursing staff are long-tenured, well-trained, and experienced. She observed friendly staff, well-maintained housekeeping with clear hallways, and consistent use of proper PPE. Ms. Terzian described the facility as clean and welcoming; the PCO observed clean floors and bathrooms, visible EVS staff across shifts, and current biomedical maintenance. No concerns were noted. The PCO was able to survey the rehabilitation therapy department and it was clean and orderly and the staff was friendly and accommodating to patients providing in house physical therapy. The staff reported that there are no problems with supplies including TheraBand, water, blocks, finger splints. No concerns noted. The PCO reviewed Grand View's quality and infection control data, addressed any below-metric areas, and found no concerns of declining patient quality due to the bankruptcy. In addition, the PCO identified no operational concerns under Section 333(b)(3) affecting patient safety but reserves the right to amend this conclusion and file a supplemental report if new issues arise. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=Wn6eWW from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian Terzian Law Group, APC 1122 E Green St, # 200, Pasadena, CA 91106-2500 Tel: (626) 826-1271 Email: tamar@terzlaw.com About Care for the Elderly Inc. Care for the Elderly, Inc. specializes in services and programs for seniors, including the management of facilities and initiatives that promote health, safety, and quality of life. The company adheres to the regulations governing healthcare and elder care providers. Care for the Elderly, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10221) on January 11, 2026. In its petition, the Debtor reported estimated assets in the range of $10 million to $50 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P. Tamar Terzian is the patient care ombudsman appointed in the Debtor's case. CAROLINA RENOVATION: Gets Final OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of North Carolina, Shelby Division, granted Carolina Renovation Warehouse, LLC final approval to use cash collateral. Under the final order, the Debtor is permitted to use cash collateral strictly for operating expenses in accordance with an approved budget. The Debtor must remain within budget limits, allowing only up to a 10% variance per line item. Any use of cash collateral outside these parameters is prohibited unless further authorized by the court. The Debtor projects total operational expenses of $60,054 for the week ending May 18; $86,950 for the week ending May 25; $59,135 for the week ending June 1; and $89,901 for the week ending June 8. Based on UCC financing statements filed with the North Carolina Secretary of State, the creditors that may assert interest in the cash collateral include Pinnacle Bank, S&C Warehouse, LLC, Dover Capital, and Middesk, Inc. Pinnacle Bank also served as a pre-petition depository institution. These creditors will receive replacement liens on post-petition assets to the same extent and priority as their pre-petition interests, ensuring adequate protection if their collateral is used. The order also preserved all parties' rights to later challenge lien validity, priority, ownership interests, or adequate protection claims, while retaining the Court's jurisdiction over future disputes involving interpretation or implementation of the order. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/1ZO3F from PacerMonitor.com. About Carolina Renovation Warehouse LLC Carolina Renovation Warehouse, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.C. Case No. 26-40048) on February 20, 2026. In the petition signed by Dustin C. Bealby, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Ashley Austin Edwards oversees the case. John C. Woodman, Esq., at Essex Richards PA, represents the Debtor as legal counsel. CHANNEL OP: Seeks Cash Collateral Access Thru Oct 12 ---------------------------------------------------- Channel Op, LLC asks the U.S. Bankruptcy Court for the District of Utah, Central Division, for authority to use cash collateral and provide adequate protection, through October 12, 2026. The Debtor argues that access to cash collateral is essential to maintaining operations and preserving the value of the business during reorganization. The company provides ecommerce consulting and marketplace optimization services for brands selling on Amazon and other online platforms. It also owns consumer brands such as Nicole and Brizee and Folliboost. Founded in 2015 by William Tyler Metcalf, the business experienced growth due to increasing demand for Amazon-focused expertise. However, financial problems arose after the company used COVID-era Economic Injury Disaster Loan funds to pursue acquisitions that failed to generate expected returns, leaving the debtor with significant debt and cash flow challenges. The Debtor explains that its business faces ongoing timing mismatches between revenue collections and operational expenses, including payroll, contractors, advertising, rent, inventory, and software costs. Despite these issues, the Debtor believes demand for its services remains strong and that restructuring will allow the company to continue operating profitably. The Debtor identifies First Home Bank/BayFirst Bank and the Small Business Administration as secured creditors with interests in cash collateral. The proposed budget projects revenue from both product sales and consulting services. The Debtor also expects to collect approximately $24,800 in outstanding client receivables. Expenses include contractor payments, wages, merchant fees, advertising, rent, software, and insurance. The debtor seeks flexibility to exceed budget line items by up to 10% and carry forward unused amounts between periods. The Debtor proposes granting them replacement liens to secured creditors as adequate protection while continuing operations and working toward confirmation of a reorganization plan. A copy of the motion is available at https://urlcurt.com/u?l=9DWHgR from PacerMonitor.com. 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. George B. Hofmann, Esq., at Cohne Kinghorn, P.C., represents the Debtor as legal counsel. CHICAGO THEATRE: S&P Affirms 'BB' Rating on 2025A-B Revenue Bonds ----------------------------------------------------------------- S&P Global Ratings affirmed its 'BB' rating on the Illinois Finance Authority's series 2025A and 2025B revenue and refunding bonds, issued for The Chicago Theatre Group Inc. (Goodman Theatre or The Goodman). The outlook is stable. S&P said, "We analyzed The Goodman's environmental, social, and governance credit factors pertaining to the theatre's market position, management and governance, and financial performance, and found them to be neutral in our credit rating analysis. "The stable outlook reflects our expectation that management will continue to moderate operating deficits, with a modest improvement in results anticipated in fiscal 2026, while attendance remains stable or improves with high-demand programming. We expect no additional debt and for balance-sheet resources to be maintained near current levels. "We could consider a negative rating action if financial resource ratios were to weaken from current levels, or if operating deficits accelerate such that The Goodman's liquidity position deteriorates. "We could consider a positive rating action if balance sheet resources improve to levels commensurate with a higher rating, operations were to sustain a trend of being closer to breakeven, and the organization maintained demand characteristics." CHRISTOS FARM: Commences Chapter 7 Bankruptcy in Pennsylvania ------------------------------------------------------------- On May 5, 2026, Christos Farm, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Pennsylvania. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Christos Farm, LLC Christos Farm, LLC is an agricultural enterprise engaged in farming and related agricultural operations in Pennsylvania. Christos Farm, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01280) on May 5, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Henry W. Van Eck handles the case. The Debtor is represented by Lawrence V. Young, Esq., of CGA Law Firm. CJC SHELL: Cash Collateral Hearing Set for June 3 ------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, is set to hold a hearing on June 3 to consider extending CJC Shell, LLC's authority to use cash collateral. The Debtor has previously operated under five interim cash collateral orders since filing for Chapter 11 protection on January 9. The prior orders authorized the Debtor's interim access to cash collateral to pay operating expenses in accordance with its budget and granted secured creditor, TBK Bank, SSB, post-petition liens on its pre-petition collateral as adequate protection. TBK Bank asserts security interests in all of the Debtor's assets and perfected its security interests by filing UCC-1 financing statements in the Florida Secured Transaction Registry. TBK Bank is represented by: Leah Saiontz, Esq. Akerman LLP 98 Southeast 7th Street, Suite 1100 Miami, FL 33131 Telephone (305) 374-5600 Facsimile (305) 374-5095 leah.saiontz@akerman.com About CJC Shell LLC CJC Shell, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00049) on January 9, 2026, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Michael Markham, Esq., serves as Subchapter V trustee. Judge Luis Ernesto Rivera II oversees the case. Michael R. Dal Lago, Esq., represents the Debtor as legal counsel. CLEARSEA CORP: Carlos Garcia Miranda Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Region 21 appointed Carlos Garcia Miranda as Subchapter V trustee for Clearsea Corp. Mr. Garcia Miranda will be paid an hourly fee of $150 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Garcia Miranda declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. About Clearsea Corp. Clearsea Corp., doing business as Wetzels Pretzels, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. P.R. Case No. 26-02287) on May 20, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Homel Mercado Justiniano, Esq., represents the Debtor as legal counsel. CRELL INC: Unsecureds Will Get 23% of Claims over 36 Months ----------------------------------------------------------- Crell, Inc., filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a Plan of Reorganization for Small Business dated May 19, 2026. The Debtor owns and operates multiple dry cleaning locations in Western Pennsylvania. The Debtor is a Pennsylvania S-Corporation that is owned 100% by Craig Mauro. At filing, the Debtor operated six dry cleaning locations in Western Pennsylvania. The Debtor had multiple locations that were not profitable and caused the Debtor to incur unsecured debt in an effort to continue to operate. The Debtor has closed two locations post-filing and now is operating only the profitable locations. That has given the Debtor the ability to propose as fund this Chapter 11 Plan. The Plan proposes to pay the Debtor's creditors from cash flow from operations. The Plan proposes to pay administrative claims in full unless otherwise agreed. The Debtor estimates approximately 23% dividend will be paid on account of general unsecured claims pursuant to the Plan. Class 1 consists of General Unsecured Claims. Undisputed, known Class 1 General unsecured Claims total $280,499.71. Payments shall begin on or before the last day of the month following the effective date of the Plan. Subsequent payments shall be made by the Debtor on a monthly basis on or before the last day of the month every month thereafter for a total of 36 monthly payments. The Debtor shall make distribution of $1,375.00 per month for the first 12 months that shall be divided and paid pro-rata to all allowed Class 1 claims. The Debtor shall make distribution of $2,000.00 per month for the following 24 months that shall be divided and paid pro-rata to all allowed Class 1 claims. Total payment to Class 1 creditors shall be $64,500.00, which will pay all allowed and currently known General Unsecured Creditors approximately 23% of their allowed claims. Disputed Class 1 claims will not receive any distributions pursuant to the Plan. Any Class 1 creditor who has an outstanding UCC filing against the Debtor, shall have 30 days after the Effective Date to satisfy, remove, and/or extinguish any liens against the assets of the Debtor supported by a UCC filing. The creditor shall file said satisfaction/termination with the appropriate state office. Any Class 1 creditor who has an outstanding judgment lien against the Debtor, shall have 30 days after the Effective Date to satisfy, remove, and/or extinguish any lien against the assets of the Debtor supported by a judgment. The creditor shall file said satisfaction/termination with the appropriate county prothonotary office. Class 2 consists of Equity Interest Holder Craig Mauro. Craig Mauro will continue to be the 100% member of the Debtor. The Plan will be funded through the ongoing revenue of the Debtor's dry cleaning business. The Debtor's financial projections demonstrate sufficient cash on hand to satisfy obligations due on the Effective Date of the Plan, including payment of the Allowed Administrative Claims, U.S. Trustee Fees, and cure amounts, in accordance with the Bankruptcy Code or as otherwise agreed. The Debtor's financial projections demonstrate the Debtor's ability to make all future Plan payments in the aggregate amount of $72,000.00 during the Plan term (the "Plan Funding"). Plan Funding is in an amount equal to the Debtor's disposable income as defined in Section 1191(d) of the Bankruptcy Code. A full-text copy of the Plan of Reorganization dated May 19, 2026 is available at https://urlcurt.com/u?l=lAm3rL from PacerMonitor.com at no charge. Counsel to the Debtor: Christopher M. Frye, Esq. Steidl & Steinberg, PC Koppers Building, Suite 322 436 Seventh Avenue Pittsburgh, PA 15219 Telephone: (412) 391-8000 Email: chris.frye@steidl-steinberg.com About Crell Inc. Crell, Inc., owns and operates multiple dry cleaning locations in Western Pennsylvania. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D. Pa. Case No. 26-20407) on Feb. 13, 2026. The Debtor tapped Steidl and Steinberg, PC as counsel. DAN LEPORE & SONS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Pennsylvania approved a stipulation between Dan Lepore & Sons Company and Wells Fargo Bank, National Association to extend the use of cash collateral. Under the latest stipulation, the termination date of May 31 is extended to June 21. The Debtor is permitted to continue using cash collateral strictly in accordance with its budget. Aside from the extension and updated budget, all prior terms, conditions, and protections for the lender remain unchanged and fully enforceable. A further hearing is scheduled for June 17 to determine whether the use of cash collateral should be extended beyond June 21. The order is available at http://bankrupt.com/misc/DanLepore_StipJune21.pdf Wells Fargo Bank, as secured creditor, is represented by: Christine L. Barba, Esq. Ballard Spahr, LLP 1735 Market Street, 51st Floor Philadelphia, PA 19103 Tel: (215) 864-8148 Facsimile: (215) 864-8999 barbac@ballardspahr.com About Dan Lepore & Sons Company Dan Lepore & Sons Company provides construction and restoration services through divisions focused on stonework, unit masonry, and restoration, offering design and build capabilities along with rigging and scaffolding. It specializes in new building construction, maintenance, dismantlement, reconstruction, and the preservation of historic structures for industrial, commercial, and institutional clients across the United States. Dan Lepore & Sons sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14757) on November 21, 2025, listing between $1 million and $10 million in assets and liabilities. Gregory J. Lepore, president of Dan Lepore & Sons, signed the petitions. Judge Ashely M. Chan oversees the case. Aris J. Karalis, Esq., at Karalis PC, represents the Debtor as legal counsel. DAX INTERNATIONAL: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- Dax International Brokers, Inc. asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to use cash collateral and provide adequate protection. The Debtor owns various business assets, including accounts receivable, inventory, equipment, and intangible assets, which serve as collateral for loans owed to Amerant Bank, N.A. and the U.S. Small Business Administration. The Debtor owes approximately $3.06 million to Amerant Bank and approximately $1.92 million to the SBA. Both obligations are secured by loan agreements, promissory notes, security agreements, guarantees, and perfected UCC financing statements filed in Florida. The Amerant loan was primarily used to purchase inventory and provide working capital for expansion of the business, while the SBA loan was related to COVID-19 disaster relief funding used to sustain operations. The Amerant loan was restructured in January 2025 into a one-year obligation bearing interest at prime plus 0.5%, with minimum monthly payments of $15,000 plus accrued interest. Although the Debtor remained current on payment obligations, Amerant alleged defaults based on financial covenant violations, including failure to maintain required debt service coverage and leverage ratios. In contrast, the Debtor remained fully current on its SBA loan payments as of the bankruptcy filing date. The company's operating revenues may constitute cash collateral under the Bankruptcy Code because the lenders claim security interests in those proceeds. DAX states that continued access to this cash is essential to maintaining ordinary business operations, including paying operational expenses and preserving the value of its assets. Without immediate use of the cash collateral, the company asserts it would be forced to cease operations, causing irreparable harm to the bankruptcy estate. To protect the lenders' interests, the Debtor proposes granting post-petition replacement liens on cash generated from post-bankruptcy operations as adequate protection against any decline in the value of the collateral. The Debtor further emphasizes that the lenders are fully secured by the company's inventory and equipment and argues that the proposed arrangement is fair, reasonable, and represents sound business judgment. A copy of the motion is available at https://urlcurt.com/u?l=wDNzeO from PacerMonitor.com. About Dax International Brokers Inc. Dax International Brokers, Inc. based in Miami, Florida, distributes kitchen, bathroom, flooring, and tile products and operates a showroom in Medley, Florida. The company provides wholesale delivery services to contractors, kitchen and bath companies, designers, interior decorators, and other wholesale customers across North, South and Central America and the Caribbean. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-15092) on April 22, 2026. In the petition signed by Alejandro A. Randazzo, secretary, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Corali Lopez-Castro oversees the case. Nicholas Rossoletti, Esq., at Ron S. Bilu, PA, represents the Debtor as legal counsel. DECATUR, AR: S&P Affirms 'BB+' Rating on 2022 Refunding Bonds ------------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' rating on Decatur, Arkansas' series 2022 water and sewer refunding bonds. The outlook is negative. The negative outlook reflects continued weakening within unrestricted cash reserves in fiscal 2025 and uncertain rate plans, which S&P views as critical to achieve growth in cash and to address aging infrastructure and long-term expansions for the high-growth customer base. Environmental factors facing the utility are in line with those of other similarly rated utilities in the region with tornado risk but an abundance of raw water in the region. As mentioned, the wastewater plant is under a corrective action order but has faced no penalties or fines. Management reports that they are largely complete with the corrective action, pending closing administrative items, and also dependent on any future action items from litigation with Tulsa. S&P does not view social risks as elevated relative to peers considering rate affordability in the area. The utility's governance factors are elevated in relation to other peers as most policies are not codified but rather internal that could vary if management or council experiences turnover. S&P said, "The negative outlook reflects our uncertainty regarding rate increases to accommodate the rising debt profile and remediation steps to ensure long-term capacity at the wastewater treatment plant. In addition, in our view the thin nominal cash position does not provide support for emergency capital repairs, which are heightened in the short term. "We could lower the rating if management does not move forward with codified policies such as a master plan and rate study, providing a clear path forward in addressing regulatory challenges. In addition, we could lower the rating if the utility maintains debt service coverage below 1x, forcing deployment of cash to pay for annual debt service. "We could revise the outlook to stable if management demonstrates a willingness to increase rates to support additional annual debt service and capital plans. In addition, we would view clarity on the pending master plan and a timeline for meeting growth expectations as credit strengths." DELLA RAGIONE: Final Hearing Today on Bid to Use Cash Collateral ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Pennsylvania is set to hold a hearing today to consider final approval of Della Ragione, Inc.'s motion to use cash collateral. The Debtor's authority to use cash collateral under the court's April 29 interim order expires today. The interim order approved the payment of expenses with cash collateral in accordance with the Debtor's budget and granted secured creditors replacement liens on all post-petition assets of the Debtor, with the same priority and validity as their pre-petition liens. Della Ragione operates a restaurant and relies primarily on the daily revenue generated from its ongoing business activities. At the time of filing, a creditor identified as CT Corporation System held a first-priority perfected security interest in several of the Debtor's assets, including cash, accounts receivable, and proceeds derived from those assets. These funds qualify as cash collateral under the Bankruptcy Code. About Della Ragione Inc. Della Ragione, Inc. operates a restaurant in Carlisle, Pa. Della Ragione filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-00572) on March 2, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Lisa Rynard, Esq., at the Law Office of Lisa A. Rynard serves as Subchapter V trustee for the Debtor. Judge Henry W. Van Eck presides over the case. The Debtor tapped Craig A. Diehl, Esq. at Law Offices of Craig A. Diehl as counsel and James Tice, CPA, at Tice Associates, PC as accountant. DIOCESE OF ALEXANDRIA: Plan Exclusivity Period Extended to June 30 ------------------------------------------------------------------ Judge John S. Hodge of the U.S. Bankruptcy Court for the Western District of Louisiana extended Diocese of Alexandria's exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 30 and Sept. 30, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the case is large and complex. The Diocese, a nonprofit religious organization established in 1853, operates an extensive network of parishes, missions, and schools across central Louisiana. The case involves numerous tort claims arising from allegations of childhood sexual abuse, along with complex insurance coverage issues, questions regarding the characterization of donor-restricted funds, and the interplay between federal bankruptcy law, Louisiana civil law, and institutional constraints on the Debtorâ€™s authority to agree to certain plan terms. Further, given that these extensions will allow the Debtor to finalize the terms of a consensual plan, the extension is to the benefit of other parties in interest and will not prejudice such parties. Rather, the extension will advance the Debtor's effort to preserve value and avoid litigation through a consensual plan for the benefit of all parties. The Debtor asserts that formal insurance mediation scheduled for May 21, 2026, represents an unresolved contingency whose resolution is critical to plan funding and viability. Insurance carrier contributions will constitute a material component of the Plan Trust's assets. Until the mediation process concludes and insurer commitments are quantified, the Debtor cannot determine the total funding available for distribution to abuse survivors, cannot finalize plan terms, and cannot represent to the Court that the plan is feasible. The Debtor further asserts that until the claims bar date passes, the Debtor cannot reasonably quantify potential insurance carrier liabilities or predict what post-confirmation coverage litigation might yield in recoveries if there is no settlement. The requested extension provides the minimum time necessary for the parties to complete mediation, allows the claims bar date to pass, and translates its results into confirmed plan terms. Diocese of Alexandria is represented by: GOLD, WEEMS, BRUSER, SUES & RUNDELL Bradley L. Drell, Esq. Heather M. Mathews, Esq. 2001 MacArthur Drive P.O. Box 6118 Alexandria, LA 71307 Telephone (318) 445-6471 Facsimile (318) 445-6476 Email: bdrell@goldweems.com hmathews@goldweems.com Mark T. Benedict, Esq. HUSCH BLACKWELL LLP 4801 Main Street, Suite 1000 Kansas City, MO 64112 Telephone (816) 983-8000 Facsimile (816) 983-8080 Email: mark.benedict@huschblackwell.com - and - Francis H. LoCoco, Esq. Bruce G. Arnold, Esq. Lindsey M. Greenawald, Esq. 511 North Broadway, Suite 1100 Milwaukee, WI 53202 Telephone (414) 273-2100 Facsimile (414) 223-5000 Email: frank.lococo@huschblackwell.com bruce.arnold@huschblackwell.com lindsey.greenawald@huschblackwell.com About Diocese of Alexandria Diocese of Alexandria in Louisiana, established as the Diocese of Natchitoches on July 29, 1853, by Pope Pius IX and later relocated to Alexandria, serves as the ecclesiastical authority for the Catholic Church in north-central Louisiana. Headquartered at 4400 Coliseum Boulevard and led by Bishop Robert W. Marshall Jr., it encompasses 50 parishes and 21 mission churches across 13 civil parishes, with St. Francis Xavier Cathedral as its cathedral church. The Diocese operates as a Louisiana non-profit religious corporation and 501(c) (3) organization, providing spiritual, educational, and charitable services to roughly 36,228 Catholics across an 11,108-square-mile area. Diocese of Alexandria sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 25-31257) on October 31, 2025. In its petition, the Debtor reported total assets of $16,667,411 and total liabilities of $9,467,288. Bankruptcy Judge John S. Hodge oversees the case. The Debtor is represented by Bradley L. Drell, of GOLD, WEEMS, BRUSER, SUES & RUNDELL. DK ARENA: Seeks Court Approval to Hire Furr and Cohen as Counsel ---------------------------------------------------------------- DK Arena, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Robert C. Furr, Esq. and Furr and Cohen, P.A. to serve as its attorneys. Mr. Furr and the firm will provide these services: (a) give advice to the Debtor with respect to its powers and duties as a Debtor-in-possession 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 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 negotiations with creditors in the preparation of a plan. Mr. Furr will receive an hourly rate of $800. Other professionals at the firm will be compensated at the following hourly rates: Alvin S. Goldstein, $700; Alan R. Crane, $700; Marc P. Barmat, $685; Jason S. Rigoli, $625; Jonathan T. Crane, $475; Managers, $350; Paralegals, $300; and Legal Assistants, $250. Robert C. Furr, Esq. and Furr and Cohen, P.A. do not represent any interest adverse to the Debtor or the estate and are "disinterested persons" within the meaning of Section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert C. Furr, Esq. FURR AND COHEN, P.A. 2255 Glades Road, Suite 419A Boca Raton, FL 33431 Telephone: (561) 395-0500 Facsimile: (561) 338-7532 E-mail: rfurr@furrcohen.com About DK Arena, Inc. DK Arena, Inc is an arena and events venue operator engaged in large-scale entertainment, sports, and live performance operations. The company manages facility-related revenue streams including ticketing, concessions, and event hosting services. DK Arena, Inc sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16307) on May 15, 2026. In its petition, the debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities between $50 million and $100 million. The debtor is represented by Robert C. Furr, Esq. DNA X: Net Income Jumps to $6.3MM in Q1 2026; Going Concern Stays ----------------------------------------------------------------- DNA X, Inc. has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net income of $6,340,000 for the three months ended March 31, 2026, compared to a net income of $458,000 for the same period in the prior year. There was no revenue from continuing operations because revenue from the Company's phone and hotspot operations was included in discontinued operations. Its AI platform activities are accounted for as an investment and are reflected as other income. Liquidity and Ability to Continue as a Going Concern The Company's consolidated financial statements account for the continuation of its business as a going concern. The Company is subject to the risks and uncertainties associated with operating an AI and crypto trading platform including the ability to attract new customers and to keep existing customers from moving their business to other competitors. On May 20, 2026, he Company entered into a securities Purchase Agreement with DNA Holdings pursuant to which the Company sold and issued to DNA Holdings a convertible promissory note with a principal balance of $3,053,000. The purchase price of the note consisted of $1,800,000 in cash to the Company, and the surrender of the convertible promissory note dated December 15, 2025, in the principal amount of $1,200,000 including $53 ,000of accrued unpaid interest. The Company will receive $1.8 million in cash proceeds and the cash is expected to allow the Company to operate the DNA X AI and crypto platform through December 31, 2026, which is the maturity date of the note. See Note 12. If the note is not converted into the Company's equity, then the Company will need to raise additional capital before December 31, 2026. Due to the uncertainty of whether the note will be converted or of the Company obtaining additional financing, there is substantial doubt regarding the Company's ability to continue as a going concern as of May 20, 2026, the date of the filing of the 10-Q. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/vvt6w29e About DNA X, INC. DNA X, Inc. -- https://www.dnax.us/ -- was incorporated in the state of Delaware on August 5, 1999 under the name Sonim Technologies Inc., and is headquartered in San Diego, California. Effective January 23, 2026, the Company changed its name to DNA X, Inc. The Company operates a cryptocurrency trading service that operates on the internet and allows customers to trade cryptocurrencies and to implement strategies to buy and sell pairs of cryptocurrencies. Until January 23, 2026, the Company operated a cell phone and mobile hotspot manufacturing business. The assets of the phone and mobile hotspot business were sold to Pace Car Acquisition LLC on January 23, 2026. As of March 31, 2026, the Company had $4,838,000 in total assets, $4,921,000 in total liabilities, and $983,000 in total stockholders' deficit. San Jose, CA-based Baker Tilly US, LLP, issued a "going concern" qualification in its report dated April 14, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company is subject to the risks and uncertainties associated with operating a cryptocurrency trading platform, including the ability to attract new customers and keep existing customers from moving their business to other competitors. Further, the Company is not currently generating enough cash to cover the Company's overhead, and as such, the Company must secure capital by either issuing equity or through debt. These conditions raise substantial doubt about its ability to continue as a going concern. DUKAY TRUCKING: Seeks Chapter 7 Bankruptcy in Illinois ------------------------------------------------------ On May 26, 2026, Dukay Trucking, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About Dukay Trucking, LLC Dukay Trucking, LLC is a transportation and freight services company operating in the trucking industry. Dukay Trucking, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-08932) on May 26, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Eric G. Zelazny, Esq., of Law Offices of Eric G. Zelazny. EAD CONSTRUCTORS: Seeks to Extend Plan Exclusivity to July 19 ------------------------------------------------------------- EAD Constructors, Inc. asked the U.S. Bankruptcy Court for the District of Nebraska to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 19 and Aug. 18, 2026, respectively. The Debtor explains that it has no ulterior motive in seeking an extension of the Exclusive Periods. As evidenced by the Debtor's operating reports the Debtor's operations continue to produce net revenues for the stakeholders in this case, and with Debtor's Federal Express contracts slated to continue to 2028 will continue to do so through the requested extension period. Accordingly, the Debtor is not seeking an extension to pressure their creditors or other parties in interest, but solely to maximize the ultimate value of the Debtor's business for the benefit of its stakeholders. Since the Petition Date, Debtor has paid its vendors and other stakeholders in the ordinary course of business or as required by order of the Court. As described, courts routinely grant a debtor's request for an extension of the exclusivity period. The fact that these cases remain at a relatively early stage in the chapter 11 process and the Debtor has and is continuing to work to find a way to resolve the. State Court Litigation and Arbitration, while keeping the Debtor operating. The Debtor asserts that it seeks to maintain exclusivity to focus their efforts on preserving the business' value and to continue to monetize their executory contracts in an efficient manner and continue to work with their creditors to develop a consensual resolution to the chapter 11 case. Extending the Exclusivity Periods will benefit creditors by avoiding a drain on estate assets relating to the potential competing chapter 11 plans without any benefit associated with doing so. Moreover, even if the Court approves an extension of the Exclusivity Periods, nothing prevents parties in interest from later appearing before the Court to assert that cause supports termination of the Debtor's exclusivity. Accordingly, the relief requested herein is without prejudice to the Debtor's creditors and will instead benefit the Debtor's estate, its creditors, and all other key parties in interest. Accordingly, the Debtor respectfully submits that sufficient cause exists to extend the Exclusivity Periods as requested herein. EAD Constructors Inc. is represented by: Lauren R. Goodman, Esq. James J. Niemeier, Esq. Donald (DJ) Rison, Jr., Esq. McGrath North Mullin & Kratz, PC LLO First National Tower, Suite 3700 1601 Dodge Street Omaha, NE 68102 Telephone: (402) 341-3070 Facsimile: (402) 341-0216 E-mail: jniemeier@mcgrathnorth.com lgoodman@mcgrathnorth.com drison@mcgrathnorth.com About EAD Constructors Inc. EAD Constructors, Inc., a company based in Omaha, Nebraska, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Case No. 25-81134) on Oct. 21, 2025. At the time of the filing, the Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $10 million and $50 million. Judge Brian S. Kruse oversees the case. McGrath North Mullin & Kratz, PC, LLC, serves as the Debtor's legal counsel. EAZY-PZ LLC: Seeks Cash Collateral Access Thru Dec 15 ----------------------------------------------------- EAZY-PZ LLC asks the U.S. Bankruptcy Court for the District of Colorado for authority to use cash collateral and provide adequate protection, for another six months, through mid-December 2026. Earlier in the case, the Bankruptcy Court entered a first cash collateral order on July 25, 2025, which authorized use of cash collateral through mid-December 2025, and later approved a second order extending the company's operating budget through mid-June 2026. The Debtor explains that continued access to cash collateral is essential for maintaining ordinary business operations during the Chapter 11 proceedings. The company states that without access to these funds it would be unable to pay employees, vendors, insurance expenses, taxes, and other operational costs, which would cause immediate and irreparable harm to the bankruptcy estate. The U.S. Small Business Administration is the sole lender asserting a lien on the Debtor's cash collateral. The SBA holds a perfected blanket lien covering substantially all of the Debtor's assets and was owed approximately $485,000 as of the bankruptcy petition date. Because the Debtor's operating cash constitutes collateral in which the SBA claims an interest, the Bankruptcy Code requires either lender consent or court authorization before the debtor may use those funds. To justify the request, EAZY-PZ argues that the proposed budget for the period from mid-June 2026 through mid-December 2026 reflects a conservative and realistic projection of revenues and expenses. The Debtor seeks authority to operate within the budget while allowing flexibility to deviate by up to 10% per line item each month. The company expects to continue generating new accounts receivable during normal operations, which should help stabilize the collateral base over time and reduce the risk of deterioration in the SBA's secured position. As part of the request, the Debtor proposes several forms of adequate protection for the SBA, intended to safeguard the lender against any decline in the value of its collateral resulting from the use of cash collateral. First, the Debtor will continue making monthly payments to the SBA in accordance with the loan documents and as reflected in the proposed budget. Second, the SBA will receive replacement liens on the proceeds of post-petition accounts receivable to the extent that the use of cash collateral diminishes the value of its existing collateral. Additional protections include maintaining adequate insurance coverage on personal property assets, filing periodic financial reports and debtor-in-possession reports with the court, limiting expenditures to those permitted by the budget within the allowed variance, and remaining current on all post-petition tax obligations. A copy of the motion is available at https://urlcurt.com/u?l=9jYh18 from PacerMonitor.com. About Eazy-PZ LLC Eazy-PZ LLC designs and sells silicone mealtime products for infants and toddlers, including plates, bowls, mats, and utensils. The Company operates through online and retail channels from its base in Parker, Colorado. Eazy-PZ LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-13720) on June 18, 2025. In its petition, the Debtor reports total assets of $1,019,774 and total liabilities of $3,881,257. Honorable Bankruptcy Judge Thomas B. Mcnamara handles the case. The Debtors are represented by Aaron J. Conrardy, Esq., at WADSWORTH GARBER WARNER CONRARDY, P.C. EMERALD TECHNOLOGIES: S&P Raises ICR to 'CCC', Outlook Developing ----------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on electronics manufacturing services (EMS) provider Emerald Technologies (U.S.) AcquisitionCo. Inc. to 'CCC' from 'D' (default). S&P said, "We also raised our issue-level ratings on its revolver and first-lien term loan to 'CCC' from 'D'. The '3' recovery ratings remain the same. "The developing outlook reflects our expectation that Emerald will grow but needs additional capital or liquidity to fund revenue and EBITDA growth. If Emerald cannot get additional liquidity to enable sustainable growth, we could take a negative rating action. If Emerald can get additional liquidity to support improved business performance, we could take a positive rating action." Emerald recently amended its revolving credit facility and first-lien term loan. Emerald extended its maturity on the revolver and first-lien term loans, deferred amortization payments, and revised cash interest expense to majority pay-in-kind (PIK) interest until 2029. S&P said, "We believe Emerald could need additional capital to fund its spending and investments, which lowers our confidence it will sustain growth. We believe Emerald has good growth potential tied to aerospace and defense (A&D) and AI data center segments from its largest customers. That caused the company to beat its first-quarter 2026 revenue budget." However, it needs to accelerate EBITDA growth this year and could require additional contributions to fund growth capital expenditure (capex) and working capital investments for the second half of 2026 and beyond. S&P is not certain that the company can get additional capital and Emerald also has not shown a consistent track record of execution. If it cannot get additional capital or it underperforms, it could face a liquidity shortfall. If it does get enough capital to invest in growth capex and working capital for the rest of 2026, its business performance could grow in the second half of 2026 and beyond, leading to lower leverage. This could lead us to take a positive rating action on the company. Emerald's debt amendments give it maturity and liquidity runway. Emerald was able to extend its revolver and first-lien term loan maturity to 2029 and its cash interest expense and mandatory debt obligations decreased after its debt amendment. Emerald revised its term loan cash interest expense to mostly PIK interest such that its cash interest expense decreased more than $10 million. Emerald has also deferred amortization payments until 2029. Its financial sponsor Crestview also contributed almost $50 million in equity to support the business. Due to these factors, Emerald has some runway to invest to drive growth. S&P said, "The developing outlook reflects our expectation that Emerald will grow but needs additional capital or liquidity to fund revenue and EBITDA growth. If Emerald cannot get additional liquidity to enable sustainable growth, we could take a negative rating action. If Emerald can get additional liquidity to support improved business performance, we could take a positive rating action. "We could downgrade the rating if we believe Emerald does not have enough liquidity to support its business operations or mandatory debt obligations. We could also downgrade the rating if we believe a term loan acceleration, exchange or restructuring, or distressed debt transaction is likely to occur in the next six months. "We could take a positive rating action if we believe Emerald has improved its liquidity position and capital structure and has a path to stronger credit metrics. This could occur if it is able to get the additional contribution needed to support its business, allowing it to invest in high demand areas such as AI data centers and A&D, leading to improved top-line growth and EBITDA generation." EMORY INDUSTRIAL: Seeks Approval to Hire ScaleNorth as Accountant ----------------------------------------------------------------- Emory Industrial Services 1 Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to authorize the employment of ScaleNorth Inc. to serve as accountant. The firm will provide these services: (a) provide NetSuite accounting support services to the Debtors; (b) assist in the administration of the Debtors' accounting systems; (c) support financial reporting and general accounting functions using the Debtors' NetSuite platform; and (d) perform other accounting services as set forth in the Statement of Work under the Master Services Agreement. ScaleNorth Inc. will be compensated at these hourly rates: Managing Director $534 Head of Accounting Services $403 NetSuite Consultants $311 Lead Controller $311 Lead Controller $206 Accounting Manager $206 Accounting Manager $128 Senior Accountant $104 Staff Accountant $90 ScaleNorth Inc. 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: ScaleNorth Inc. 440 N. Barranca Ave #4475 Covina, CA 91723 Telephone: (714) 705-6075 Website: https://scalenorth.com About Emory Industrial Services 1, Inc Emory Industrial Services 1 Inc., based in Abilene, Texas, provides industrial cleaning, maintenance, and repair services for heavy equipment and machinery, including dry ice blasting for surface cleaning. The Company serves sectors such as oil and gas, food and beverage, power generation, manufacturing, agriculture, and construction. Emory Dry Ice 1, Inc., operating under the Emory Dry Ice brand, produces and distributes dry ice products for industries such as pharmaceuticals, food, and logistics. Emory Industrial Products, Inc. and Emory Industrial Holdings, Inc. are affiliated entities within the Emory Industrial Services group. Emory Industrial Services 1 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44148) on Oct. 27, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Mark X. Mullin handles the case. Joseph F. Postnikoff, at Rochelle McCullough, LLP, is the Debtor's counsel. EPIPHANY REALTY: Frederick Bunol Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Frederick L. Bunol as Subchapter V trustee for Epiphany Realty Group, LLC. Mr. Bunol will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Bunol declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Frederick L. Bunol 3027 Ridgelake Drive Metairie, LA 70002 Email: Fbunol@derbeslaw.com Telephone: (504) 207-0913 Facsimile: (504) 832-0327 About Epiphany Realty Group LLC Epiphany Realty Group, LLC owns and leases real estate properties. Epiphany Realty Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Louisiana Case No. 26-10438) on May 19, 2026, with between $1 million and $10 million in both assets and liabilities. Ryan J. Richmond, Esq., at Sternberg, Naccari & White, LLC represents the Debtor as legal counsel. EQUUS TOTAL: Q1 Net Increase in Assets Rises to $4.11M ------------------------------------------------------ Equus Total Return Inc. reported a first-quarter net increase in net assets resulting from operations of $4.11 million for the three months ended March 31, 2026, compared with $3.94 million a year earlier, according to a Form 10-Q filing with the Securities and Exchange Commission. Total investment income was $315,000, compared with $338,000 a year earlier. Total expenses fell to $1.18 million from $1.45 million, and net investment loss narrowed to $869,000 from $1.11 million. The Houston fund reported a net realized gain of $558,000, compared with a net realized loss of $4.27 million a year earlier. Net unrealized appreciation of portfolio securities was $4.75 million, compared with $9.32 million. Equus said the lower net investment loss was primarily due to the absence of $300,000 in transaction costs recorded a year earlier related to a convertible promissory note, partly offset by an increase in interest expense. The fund said it recorded a $5 million increase in the fair value of its equity holding in Morgan E&P Inc., largely because of higher oil prices during the quarter and higher forward oil prices. Operating activities provided $7,000 in cash during the quarter, compared with cash used in operating activities of $1.59 million a year earlier. As of March 31, Equus reported total assets of $26.67 million, total liabilities of $5.74 million and total net assets of $20.93 million. Cash and cash equivalents totaled $140,000, while convertible notes payable totaled $2.23 million. The fund said its $2 million convertible senior note matured on Feb. 7, 2026, and remained unpaid as of March 31 and through the filing date. Equus said it was discussing possible conversion of the note into common stock or an extension of the maturity date, but no agreement had been reached. Equus said it may require loans, capital investment from one or more sources, or disposition of certain investments to cover a potential cash shortfall, and that it did not have existing commitments to fund such a shortfall. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/Archives/edgar/data/878932/000171254326000039/f10q_equus03312026.htm About Equus Total Equus Total Return Inc., based in Houston, is a closed-end management investment company that has elected to be treated as a business development company. The fund seeks total return through capital appreciation and current income by investing in debt and equity securities of small and middle market companies. Its shares trade on the New York Stock Exchange under the symbol EQS. In an audit report dated April 16, 2026, BDO USA, P.C. included a going concern qualification, stating that Equus had insufficient operating cash flows and cash on hand that raised substantial doubt about the fund's ability to continue as a going concern. EVERY BLOOMING THING: Gets Court OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Utah granted the joint motion filed by Every Blooming Thing, LLC and Northwest Bank to use the secured lender's cash collateral. Under the court order, the Debtor is authorized to use Northwest Bank's cash collateral strictly according to an approved monthly budget, with flexibility to accumulate unused funds and exceed budgeted amounts by up to 15% per month. The approval is retroactively effective as of April 14, when the lender consented to cash collateral use. As adequate protection, Northwest Bank will receive a continuing, automatically perfected replacement lien on the Debtor's post-petition assets, including cash, accounts receivable, inventory, and related proceeds. The lien maintains the same validity, priority, and scope as the lender's pre-petition security interests. In addition, Northwest Bank will be granted a superpriority administrative expense claim to the extent of any proven diminution in collateral value during the interim period. The order preserves all rights regarding valuation, lien validity, and future adequate protection requests. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/bUR4c from PacerMonitor.com. About Every Blooming Thing LLC Every Blooming Thing, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-22079) on April 14, 2026. In the petition signed by Robert J. Upwall, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Peggy Hunt oversees the case. Andres Diaz, Esq., at Diaz & Larsen, represents the Debtor as legal counsel. Northwest Bank, as secured lender, is represented by: James S. Sorenson, Esq. Ray, Quinney & Nebeker 36 South State Street, Suite 1400 Salt Lake City, UT 84111 Phone: 801-532-1500 / 801-323-3326 Fax: 801-532-7543 JSorenson@rqn.com EVONA LLC: Court Extends Cash Collateral Access to July 25 ---------------------------------------------------------- Evona, LLC received another extension from the U.S. Bankruptcy Court for the District of Massachusetts, Eastern Division, to use cash collateral. The court extended the Debtor's authority to use cash collateral from June 1 to July 25 to pay monthly expenses based on its updated budget, subject to a 10% variance per month. As adequate protection, BrightBridge Credit Union will receive the payments set forth in the budget and replacement liens on post-petition assets of the same type and priority as its pre-petition collateral but only to the extent its original liens are determined to be valid and enforceable. The Debtor was ordered to submit a supplement by July 14, detailing actual expenses paid through June 30. The next hearing is scheduled for July 21. The order is available at http://bankrupt.com/misc/Evona_36CCOrder.pdf About Evona LLC Evona LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-10699) on March 30, 2026, listing as much as $50,000 in both assets and liabilities. Stephen Gray of Gray & Company, LLC serves as Subchapter V trustee. George J. Nader, Esq., at Riley & Dever, P.C. represents the Debtor as legal counsel. FABRICATION DESIGNS: Gets Final OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland entered a final order approving Fabrication Designs, Inc.'s use of cash collateral and post-petition financing with secured lender Coeur Capital Inc. Under the final order, the Debtor is authorized to use cash collateral for operating expenses, subject to monthly reporting requirements to both the secured lender and the Subchapter V trustee. Any payment to the Debtor's affiliate, Fabrication Designs Mon. Ike., requires supporting documentation. As adequate protection, Coeur will be granted security interest in its collateral, with the same priority as its pre-petition security interest. This security interest is deemed automatically perfected as of the petition date, survives conversion of the Debtor's Chapter 11 case, and binds any future trustee and creditors. The final order also approved post-petition financing under the existing financing agreement, granting Coeur a superpriority administrative claim under Section 364(c)(1) and first-priority liens on accounts receivable, subject to a carveout for up to $75,000 in professional fees and statutory fees. The order includes default provisions, escrow funding requirements for the Subchapter V trustee, and allows the lender to enforce rights after notice in the event of default. A copy of the final order is available at https://shorturl.at/eXIBg from PacerMonitor.com. About Fabrication Designs Inc. Fabrication Designs, Inc. is a Hanover, Maryland-based manufacturer specializing in forced-entry and bullet-resistant (FEBR) security systems. Founded in 1988, the company produces made-to-order products including doors, windows, louvers, and guard booths. It provides integrated services spanning in-house manufacturing, engineering, and installation, serving customers in the security and defense sectors. Fabrication Designs filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Md. Case No. 26-13061) on March 23, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Kenneth Best, president, signed the petition. Judge David E. Rice oversees the case. Joseph Selba, Esq., at Tydings Rosenberg, LLP represents the Debtor as legal counsel. Stephen Metz of Offit Kurman, P.A. serves as Subchapter V trustee for the Debtor. FARMHOUSE INC: 1st Quarter Net Loss Totals $155K ------------------------------------------------ Farmhouse Inc. reported a first-quarter net loss of $155,427 for the three months ended March 31, 2026, compared with net income of $68,288 a year earlier, according to a Form 10-Q filing with the Securities and Exchange Commission. The company reported no revenue in either period. Total operating expenses rose to $109,449 from $90,794, and loss from operations widened to $109,449 from $90,794. Farmhouse said the change from net income to a net loss was primarily attributable to the absence of a $174,935 gain on extinguishment of debt recognized in the year-earlier quarter, as well as higher interest expense and losses recognized on derivative liabilities. Interest expense increased to $30,575 from $15,853. The company used $61,459 in operating activities during the quarter, compared with $37,556 a year earlier. Financing activities provided $95,000, including a $100,000 financing advance and $10,000 in proceeds from long-term convertible notes payable. As of March 31, 2026, the company reported cash of $32,329, total assets of $95,138, total liabilities of $2.92 million and total stockholders' deficit of $2.82 million. Its working capital deficit was $2.36 million. The company said its stockholders' deficit, recurring losses, net loss and cash used in operating activities raised substantial doubt about its ability to continue as a going concern within one year after the financial statements were issued. Management said plans to address liquidity needs include pursuing additional capital through equity and debt financings, potential draws under the GHS equity financing agreement, continued financial support from related parties, debt renegotiation or restructuring and operating expense management. The company also said it completed a financing transaction after March 31 resulting in gross proceeds of $2.0 million, which management believes provides additional liquidity in the near term. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/Archives/edgar/data/1811999/000109690626000845/fmhs-20260331_10q.htm About Farmhouse Farmhouse Inc., a Nevada corporation, historically engaged in technology development and brand management activities. The company currently operates as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including initiatives in digital assets, and generates minimal revenue while maintaining limited licensing activities that are not material. In an audit report dated April 17, 2026, Mac Accounting Group & CPAs, LLP included a going concern qualification, stating that Farmhouse suffered recurring losses, used cash in operations and reported a stockholders' deficit. The conditions raised substantial doubt about the company's ability to continue as a going concern. FINANCE OF AMERICA: All Three Key Proposals Pass at Annual Meeting ------------------------------------------------------------------ Finance of America Companies Inc. announced in a regulatory filing the final voting results from its Annual Meeting of Stockholders at which the stockholders voted on three proposals, each of which is described in more detail in the Company's definitive proxy statement, dated April 7, 2026. As of the close of business on March 18, 2026, the record date for the Meeting, there was a total voting power of 17,570,559 votes, consisting of the following shares entitled to vote at the Meeting: (i) 8,551,931 vested shares of Class A Common Stock, (ii) 425,850 unvested shares of Class A Common Stock, (iii) 12 shares of Class B Common Stock, representing the voting power of 7,731,821 Class A Units of Finance of America Equity Capital LLC, and (iv) 50,000 shares of Series A Convertible Perpetual Preferred Stock, representing a voting power of 860,957 votes. The shares of Class B Common Stock have no economic rights, but entitle each holder, without regard to the number of shares of Class B Common Stock held by such holder, to a number of votes that is equal to the aggregate number of Class A LLC Units of FOAEC held by such holder on all matters on which shareholders of the Company are entitled to vote generally. The holders of shares of Series A Preferred Stock are entitled to vote on an as-converted basis with the holders of shares of Common Stock as a single class, provided that such holders will not be entitled to voting power greater than 4.9% of the aggregate total voting power of the outstanding shares of Common Stock. Shares of Series A Preferred Stock are convertible at the option of the holders thereof at any time, subject to certain limitations, into shares of Class A Common Stock at a rate equal to: (i) $1,000 divided by (ii) the conversion price, and a cash payment for accrued and unpaid dividends, cash in lieu of fractional shares and, in certain circumstances, dividend catch-up payments relating to dividends on other equity. As of the March 18, 2026 record date for the Meeting, the conversion price was $35.00 per share of Series A Preferred Stock. The holders of 14,213,707 votes, or 80.89% of the voting power, consisting of vested Class A Common Stock, unvested Class A Common Stock, Class B Common Stock, and Series A Preferred Stock were present in person or were represented by valid proxies at the Meeting. Proposal 1: Election of Directors The stockholders elected the individuals listed below as directors to serve on the Company's Board for a term expiring at the Company's 2027 annual meeting of stockholders. The voting results were as follows: 1. Brian L. Libman * Votes For: 12,627,395 * Votes Withheld: 170,726 * Broker Non-Votes: 1,415,586 2. Norma C. Corio * Votes For: 11,674,520 * Votes Withheld: 1,123,601 * Broker Non-Votes: 1,415,586 3. Andrew Essex * Votes For: 12,757,323 * Votes Withheld: 40,798 * Broker Non-Votes: 1,415,586 4. Cory S. Gardner * Votes For: 11,630,195 * Votes Withheld: 1,167,926 * Broker Non-Votes: 1,415,586 5. Tyson A. Pratcher * Votes For: 11,493,488 * Votes Withheld: 1,304,633 * Broker Non-Votes: 1,415,586 6. Lance N. West * Votes For: 12,770,448 * Votes Withheld: 27,673 * Broker Non-Votes: 1,415,586 Proposal 2: Advisory Vote on Named Executive Officer Compensation The stockholders approved, on a non-binding and advisory basis, the compensation of the named executive officers of the Company. The voting results were as follows: * Votes For: 10,611,992 * Votes Against: 2,157,955 * Abstain: 28,174 * Broker Non-Votes: 1,415,586 Proposal 3: Ratification of Appointment of BDO USA, P.C. The stockholders ratified the appointment of BDO USA, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The voting results were as follows: * Votes For: 14,185,272 * Votes Against: 25,390 * Abstain: 3,045 About Finance of America Plano, Texas-based Finance of America Companies Inc. is a financial services holding company. Through its operating subsidiaries, it operates as a modern retirement solutions platform, providing customers with access to an innovative range of retirement offerings centered on the home. In addition, Finance of America offers capital markets and portfolio management capabilities to optimize distribution to investors. As of March 31, 2026, the Company had $31.3 billion in total assets, $30.9 billion in total liabilities, and a total stockholders' equity of $438.1 million. * * * In December 2025, Fitch Ratings affirmed the Long-Term Company Default Ratings (IDRs) of Finance of America Companies Inc. and its subsidiaries, Finance of America Equity Capital LLC and Finance of America Funding LLC (collectively, FOA) at 'CCC'. A Positive Rating Outlook has been assigned. Fitch has also affirmed Finance of America Funding's senior secured rating at 'CCC-' with a Recovery Rating of 'RR5'. This rating action has been taken as part of a periodic peer review of non-bank mortgage companies, which is comprised of seven publicly rated firms. FIRST BRANDS: Faces U.S. Fraud Claim Over Alleged Tariff Evasion ---------------------------------------------------------------- Steven Church and Jonathan Randles of Bloomberg News report that the federal authorities have joined the growing list of creditors in the First Brands bankruptcy, asserting that the automotive parts supplier improperly underpaid tariffs on Chinese imports. The claim introduces another significant liability as the company seeks to reorganize under bankruptcy protection. The U.S. government filed a formal claim totaling $285.5 million, consisting of alleged unpaid duties and related penalties. The filing contends that First Brands failed to satisfy tariff obligations on imported parts, creating a substantial debt owed to the government, the report relays. The claim comes as First Brands struggles under approximately $11.8 billion in total obligations that cannot be fully repaid. The company is attempting to generate sufficient value through its restructuring efforts to provide at least partial recoveries to creditors, according to Bloomberg. With a claim of this size, the government could become an influential stakeholder in the Chapter 11 proceedings. The dispute over tariff liabilities may shape future negotiations concerning creditor recoveries and plan treatment, the report cites. 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. FIRST BRANDS: Pact Clears Collateral Sale While Dispute Continues ----------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that a group of lenders to First Brands-affiliated financing vehicles has agreed with Onset Financial Inc. to permit the sale of collateral while litigation over ownership disputes continues. The pact is designed to prevent value erosion during the legal fight. The dispute involves competing assertions of rights over collateral tied to First Brands' special purpose financing structures. Onset Financial and the lenders each claim priority interests, resulting in ongoing litigation, the report relays. Under the agreement, the assets can be liquidated while the parties pursue their claims in court. The arrangement keeps the collateral active in the market as the ownership dispute is resolved. About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. 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 Sept. 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. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FLOURISH RESTAURANTS: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- The United States Bankruptcy Court for the Northern District of Georgia entered a final order authorizing Flourish Restaurants, LLC to use cash collateral. Under the final order, the debtor is authorized to use cash collateral through confirmation of its Chapter 11 plan, or until the case is dismissed or converted, whichever occurs first. Cash collateral may be used in accordance with the approved operating budget, with the debtor permitted to vary individual budget line items by up to 15% and carry forward unused budgeted amounts. The debtor may also make actual payments owed to utilities, taxing authorities, and insurance providers. The order further directs that customers and parties owing accounts receivable to the debtor must make payments directly to the debtor. Importantly, Toast, Inc., Toast Capital LLC, WebBank, and related entities are ordered to cease withholding funds under the Merchant Loan Agreement. They must remit payment proceeds to the debtor, subject only to ordinary fees permitted under the point-of-sale agreement and not any default-related merchant loan deductions. As adequate protection for the asserted secured interests of the U.S. Small Business Administration, North State Bank, and WebBank, the court granted replacement liens on post-petition assets of the same type and priority as any valid prepetition liens, to the extent necessary to protect against any diminution in collateral value caused by the debtor's use of cash collateral. The replacement liens expressly exclude avoidance actions and related claims under the Bankruptcy Code. The order preserves all parties' rights to challenge the validity, extent, priority, or enforceability of asserted liens and debts, while making the authorization for use of cash collateral immediately effective upon entry. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/831WG from PacerMonitor.com. About Flourish Restaurants LLC Flourish Restaurants, LLC, doing business as Foundation Social Eatery, is a restaurant in Alpharetta, Georgia that serves dishes rooted in classic French technique and seasonal ingredients. Founded by Chef Mel Toledo and his wife Sandy, it offers handmade pastas, cocktails and mocktails, and includes an open kitchen and chef's table. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-55162) on April 17, 2026. In the petition signed by Sandra Toledo, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Jonathan W. Jordan oversees the case. Thomas T. McClendon, Esq., at Jones & Walden, LLC, represents the Debtor as legal counsel. FORBES DISTRIBUTION: Starts Chapter 11 Bankruptcy in South Carolina ------------------------------------------------------------------- On May 19, 2026, Forbes Distribution & Warehousing, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of South Carolina. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. Chapter 11 Small Business Plan and Disclosure Statement Filing Deadline Is March 15, 2027. About Forbes Distribution & Warehousing, Inc. Forbes Distribution & Warehousing, Inc. is a logistics and warehousing company engaged in distribution and storage services. Forbes Distribution & Warehousing, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02249) on May 19, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge L. Jefferson Davis IV handles the case. The Debtor is represented by Robert H. Cooper, Esq. of The Cooper Law Firm. FORK FOOD: Gets Final OK for DIP Loan From Fork Food Incubator -------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maine entered a final order authorizing Fork Food Lab's debtor-in-possession financing from Fork Food Incubator, L3C. The lender has committed to provide up to $250,000 in DIP financing, including a $50,000 pre-petition advance treated as part of the DIP facility. The financing is structured as a short-term working capital facility maturing on the earlier of August 31 or plan confirmation, with interest tied to the prime rate (floor 4.5%) and no origination or exit fees, though reasonable legal fees are reimbursable. The DIP loan would be secured by junior liens on substantially all of the Debtor's assets, subordinate to existing secured creditors, and would also receive a superpriority administrative claim under 11 U.S.C. section 364(c)(1). The financing includes a strict budget with a 110% spending variance cap and requires compliance with negotiated case milestones under a restructuring support agreement involving key stakeholders. The Debtor also received approval, on a final basis, to use cash collateral, defined as cash and proceeds subject to creditor interests, to fund urgent expenses such as payroll, utilities, and operational costs. Pre-petition secured creditors include Machias Savings Bank (about $37,916 secured mainly by accounts receivable), Cooperative Fund of the Northeast (about $777,469 secured by broader business assets), and the Elmina B. Sewall Foundation (about $805,924 secured with third-priority interest in receivables). These creditors would receive adequate protection through replacement liens on post-petition assets and potential administrative claims under 11 U.S.C. section 507(b) if their collateral value declines. The order also establishes a carveout for professional fees and restructuring costs (including Debtor counsel, a chief restructuring officer, and a Subchapter V trustee), which take priority over lender liens. The Debtor waived certain bankruptcy rights, including surcharge and marshaling claims against lenders. Additionally, Norway Savings Bank was authorized to offset $27,904.91 from specific debtor deposit accounts. The order remains effective immediately and survives plan confirmation, dismissal or conversion of the Debtor's Chapter 11 case, or appointment of a trustee, with future budget extensions and financing beyond August 29 subject to further court review. The final DIP order is available at https://shorturl.at/qDe9i from PacerMonitor.com. About Fork Food Lab Fork Food Lab filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Me. Case No. 26-20104) on April 21, 2026. In the petition signed by Jason Mills, chief restructuring officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Peter G. Cary oversees the case. Adam R. Prescott, Esq., at Bernstein Shur Sawyer & Nelson, P.A., represents the Debtor as legal counsel. James LaMontagne of Sheehan Phinney Bass & Green serves as Subchapter V trustee for the Debtor. Fork Food Incubator, as DIP lender, is represented by: Kellie W. Fisher, Esq. Drummond Woodsum 84 Marginal Way, Suite 600 Portland, ME 04101-2480 Telephone: (207) 772-1941 kfisher@dwmlaw.com FU BANG GROUP: Seeks to Use Cash Collateral ------------------------------------------- Fu Bang Group Corp (USA) asks the U.S. Bankruptcy Court for the Central District of California for authority to continue using of cash collateral on a final basis, in accordance with its stipulation with First Credit Bank and Sparknest, LLC, the company that acquired a junior secured loan originally issued by Mingzhe Li. The Debtor argues that continued access to cash collateral—primarily rents generated from its Corona, California residential development—is essential to maintain operations, preserve the value of the estate, and fund the administration of the bankruptcy case. The bankruptcy case stems from Fu Bang's ownership of a mixed-use residential development property in Corona, California, consisting of 94 planned housing units and related amenities. Construction of the first 51 units and a swimming pool was completed in 2016, while a third development phase involving 43 additional units was never begun. At the time of filing, most completed units were occupied, including market-rate tenants, EB-5 investors paying nominal rent, a religious organization using a unit as a temple, and units used by the Debtor as office and community space. An affiliated Debtor, Dos Lagos Center 2, LLC, owns an adjacent undeveloped parcel intended to form part of the broader project. Fu Bang acquired the property in 2013 for approximately $7.3 million and later refinanced and consolidated prior obligations through a $12 million loan from FCB secured by a first-priority deed of trust on the property and rents. Fu Bang defaulted on the FCB loan beginning in January 2025 by failing to make required loan payments and property tax payments. FCB accelerated the debt, revoked Fu Bang's right to collect rents, initiated foreclosure proceedings, and scheduled a foreclosure sale. Separately, Sparknest became holder of a subordinate $2 million secured loan after purchasing the debt from Mingzhe Li in 2024. Sparknest likewise declared defaults, accelerated its loan, and initiated foreclosure activity. The bankruptcy filing stayed those foreclosure efforts. Prior to bankruptcy, a receiver had been appointed over the property, but Fu Bang regained possession in June 2025. Nicholas Rubin of Force Ten Partners was subsequently appointed Chief Restructuring Officer to oversee restructuring efforts. Rubin's declaration explains that after evaluating possible strategies—including immediate sale, short-term management, and long-term retention—he concluded that the best course for maximizing creditor and stakeholder recoveries would be to stabilize operations, secure financing, improve leasing performance, ensure regulatory compliance, and ultimately prepare the property for sale within approximately twelve to eighteen months. Under the proposed stipulation, Fu Bang would continue making monthly adequate protection payments of $10,000 each to FCB and Sparknest during the bankruptcy case. The Debtor may use rents and other cash collateral to fund ordinary operating expenses pursuant to negotiated budgets. All cash collateral must be deposited into debtor-in-possession accounts, and withdrawals are restricted to approved budgeted expenses unless otherwise authorized by the secured lenders or the bankruptcy court. The budget includes operational expenses, authority to spend up to $85,000 on property and title reports needed for financing and sale efforts, and authority to spend up to $25,000 pursuing unlawful detainer actions against nonpaying tenants. The stipulation also provides flexibility through permitted budget variances. Fu Bang may exceed individual line items by up to 15% so long as overall monthly expenses do not exceed 5% above the total approved budget. Savings from one month may roll over into future months. The agreement further grants the secured lenders replacement liens on post-petition assets and cash collateral to protect against diminution in collateral value. In addition, if the adequate protection proves insufficient, the lenders receive superpriority administrative claims under 11 U.S.C. section 364(c)(1) that would rank ahead of most other administrative expenses. Several protective provisions favor the secured lenders. Fu Bang may not grant additional liens on collateral without lender consent, must maintain insurance naming the lenders as additional insureds and loss payees, and must comply strictly with the stipulation’s terms. The stipulation also sets milestones relating to refinancing and sale efforts. If Fu Bang does not obtain financing commitments sufficient to repay the secured lenders and fund its restructuring plan by August 1, 2026, it must seek court approval by September 1, 2026 to retain a broker and market the property for sale. Even if financing commitments are obtained, if financing fails to close by November 1, 2026, the debtor must similarly move toward a sale process. The stipulation defines several default events that would terminate cash collateral authority, including failure to comply with the stipulation, failure to make required adequate protection payments, failure to maintain insurance, conversion or dismissal of the case, appointment of a chapter 11 trustee, or failure to pursue a sale process when required. Upon default and expiration of a brief cure period, the Debtor's authority to use cash collateral terminates. A copy of the motion is available at https://urlcurt.com/u?l=GJdpk7 from PacerMonitor.com. About Fu Bang Group Corp USA Fu Bang Group Corp USA is a real estate company that owns and manages a single property. Fu Bang Group Corp USA sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-13004) on May 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Scott H. Yun handles the case. The Debtors are represented by Derrick Talerico, Esq. at WEINTRAUB, ZOLKIN TALERICO & SELTH LLP. First Credit Bank, as lender, is represented by Dennette A. Mulvaney, Esq. at STINSON, LLP LEECH TISHMAN NELSON HARDIMAN INC. Sparknest, LLC, as lender, is represented by David Golubchik, Esq. at LEVENE NEALE BENDER YOO & GOLUBCHIK L.L.P. GATES ENTERPRISES: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado, entered an interim order authorizing Gates Enterprises LLC's use of cash collateral on an interim basis. The court authorized the debtor to use cash collateral in accordance with a budget attached to the motion, finding sufficient cause for interim relief. As adequate protection, the Court approved protections for the secured creditors, including the SBA, merchant cash advance lenders, and other parties asserting interests in the debtor's cash, accounts, and receivables. Secured creditors were granted replacement liens on post-petition inventory and income generated from business operations to the extent that use of cash collateral reduced the value of their collateral. These replacement liens retained the same relative priority as prepetition liens. The debtor was also required to maintain insurance, preserve collateral, and provide monthly financial reporting through operating reports. The debtor must also comply with the approved budget, subject to a maximum 15% variance without creditor consent or court approval, maintain insurance on collateral, provide monthly operating reports, and keep secured creditors’ collateral in good repair. The order also resolved a limited objection filed by GFG Funding Group, LLC concerning funds allegedly advanced immediately before the bankruptcy filing. The parties reached a settlement requiring the debtor to make a series of payments into bankruptcy counsel's trust account, with the claim to be fully resolved after completion of the agreed payments and approval of a formal stipulation. The Court further provided that any default under those terms could immediately terminate the debtor's authority to use cash collateral. A final hearing on continued use of cash collateral was scheduled for June 16, 2026. About Gates Enterprises, LLC Gates Enterprises, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 26-13280) with $0 to $50,000 in assets and $1,000,001 to $10 million in laibilities. Judge Hon. Joseph G Rosania Jr oversees the case. The Debtor is represented by: Jonathan Dickey Kutner Brinen Dickey Riley, P.C. Tel: 303-832-3047 Email: jmd@kutnerlaw.com GEDDO CORPORATION: Gets Final OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, issued an final order authorizing Geddo Corporation and its affiliated debtors to use cash collateral. The debtors were authorized to use cash collateral under budgets filed with the Court for a three-month period. During each four-week period, spending may reach up to 115% of aggregate budgeted amounts, and any unused budget amounts may be carried forward into future periods. Expenditures above the approved threshold require consent from affected secured creditors or additional court authorization. After expiration of the existing budgets, the debtors may seek continued use of cash collateral through amended budgets, which become effective absent objection within ten days. As adequate protection, secured creditors received replacement liens on post-petition cash, inventory, accounts receivable, and related proceeds, maintaining the same validity, extent, and priority as their prepetition perfected liens. These replacement liens are limited to the amount of cash collateral actually used by the debtors. The order expressly preserved all parties' claims, defenses, remedies, and rights to contest issues relating to lien validity and priority. The order also included special protections for Bank Five Nine. Bakers Casual Food LLC must make monthly property-tax escrow payments, and Bank Five Nine was authorized to apply escrowed funds from an AZ Fresh restaurant loan toward taxes and debt obligations. If adequate protection later proves insufficient, Bank Five Nine may assert a superpriority administrative claim under Bankruptcy Code section 507(b). The debtors must also provide Bank Five Nine with the same financial reporting submitted to the U.S. Trustee, and the order became effective immediately upon entry. The order is available at https://shorturl.at/mThR0 from PacerMonitor.com About Geddo Corporation Geddo Corporation is a business entity operating in the United States, though specific operational details were not disclosed in initial filings. Geddo Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11022) on March 31, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by Garrick A. Hollander, Esq., of Garrick A. Hollander, LLP. GEORGE AVE 2: Seeks Chapter 11 Bankruptcy in Colorado ----------------------------------------------------- On May 27, 2026, George Ave 2 LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About George Ave 2 LLC George Ave 2 LLC is a real estate holding and investment company engaged in the ownership, management, and development of property assets. George Ave 2 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13754) on May 27, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case. The Debtor is represented by David Wadsworth, Esq., of Wadsworth Garber Warner Conrardy, P.C. GLG INVESTMENTS: Files Emergency Bid to Use Cash Collateral ----------------------------------------------------------- GLG Investments and affiliates ask the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for either direct approval of their Interim Budget or, alternatively, authority to use any cash collateral that may later be determined to exist. They also seek approval of an adequate protection arrangement for any secured creditors and the scheduling of a final hearing. The Debtors explain that the cases were filed to preserve and maximize the value of a large portfolio of residential real estate properties that generate rental income, including properties participating in the Housing Choice Voucher Program where portions of rent are paid directly by public housing authorities. The Debtors state that the rental revenues are essential for ongoing operations and constitute their primary source of funding. The bankruptcy filings arose amid complex disputes among equity owners, creditors, and investors, as well as multiple foreclosure proceedings threatening the properties. Prior to bankruptcy, Jacqueline Calderin had been appointed by a Florida state court as receiver over the Debtors and their assets in two related state court actions. The receivership orders expressly authorized the Receiver to commence bankruptcy proceedings if necessary to preserve the estate, which led to the filing of the Chapter 11 cases. The Debtors acknowledge that many properties are encumbered by mortgages and other liens, but due to the large number of properties and the expedited filing, the Receiver has not completed a full analysis of all liens, assignments of rents, and creditor interests. As a result, the Debtors are uncertain whether any creditor possesses an enforceable interest in post-petition rental income constituting cash collateral. Nevertheless, out of caution, they conducted preliminary UCC searches and provided notice of the motion to all potentially interested creditors. To adequately protect any secured creditors that may later be determined to hold valid interests in cash collateral, the Debtors propose granting replacement liens on post-petition property and revenues to the same extent, validity, and priority as any prepetition liens, but only to the extent of any actual diminution in value caused by the use of cash collateral. The proposed replacement liens would remain subordinate to U.S. Trustee fees and approved professional fees. The Debtors also request flexibility to exceed individual budget line items by up to 15%, or exceed the aggregate budget by up to 15%, if necessary for operations. They argue that the continued use of cash collateral will preserve the going-concern value of the properties and benefit all creditors by maintaining operations and stabilizing revenues. A copy of the motion is available at https://urlcurt.com/u?l=Wjm8uR from PacerMonitor.com. About GLG Investments, LLC et al GLG Investments, LLC, GL3, LLC, GL7, LLC, and GL16, LLC owned and operated a portfolio of residential real estate properties that generate rental income and served as their primary assets prior to the receivership proceedings. A number of the properties participate in the Housing Choice Voucher Program, under which a public housing authority pays a portion of tenant rent directly. GLG Investments and affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Florida Case No. 26-16159) on May 13, 2026. At the time of the filing, Debtors had estimated assets of between $100,001 and $500,000 and liabilities of between $100,001 and $500,000. Judge Laurel M. Isicoff oversees the case. Agentis PLLC is Debtors' legal counsel. GOLDENPEAKS CAPITAL: European Solar Co. Seeks Chapter 11 Bankruptcy ------------------------------------------------------------------- Dorothy Ma of Bloomberg Law reports that GoldenPeaks Poland LLC, a European solar energy company, sought Chapter 11 protection in the U.S. Bankruptcy Court in Houston on Friday, May 29, 2026. Court documents show the debtor listed assets between $1 billion and $10 billion and liabilities between $500 million and $1 billion. The filing identifies independent director Jame Donath as the company's authorized representative. The debtor is part of the GoldenPeaks Capital group, which was established by renewable energy entrepreneur Adriano Agosti. The company develops, owns, and manages solar power projects throughout Poland and Hungary, positioning itself as a major participant in the region's clean energy transition, the report relays. GoldenPeaks gained attention through corporate renewable energy transactions, including virtual power purchase agreements signed with Mars and Cargill. Those agreements were designed to provide renewable electricity credits and support emissions-reduction initiatives for the multinational food companies, the report states. The bankruptcy filing comes after years of expansion across European solar markets. Among its financing achievements, GoldenPeaks secured €114 million in senior debt financing to advance renewable energy developments, highlighting the substantial capital commitments behind its solar generation platform, Bloomberg cites. About GoldenPeaks Poland LLC GoldenPeaks Poland LLC is a European renewable energy developer. GoldenPeaks Poland LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90558) on May 29, 2026. In its petition, the Debtor reports assets between $1 billion and $10 billion and liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Benjamin Lawrence Wallen, Esq. of Pachulski Stang Ziehl & Jones LLP. GREAT WALL INTERNATIONAL: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------------------- On May 26, 2026, Great Wall International LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 17, 2026 at 09:30 AM at UST-LA2, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:8009991. About Great Wall International LLC Great Wall International LLC is a business enterprise engaged in international trade, distribution, and commercial operations. Great Wall International LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15140) on May 26, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Vincent P. Zurzolo handles the case. The Debtor is represented by Robert P. Goe, Esq. of Goe Forsythe & Hodges LLP. H.4.L. LLC: Seeks Approval to Hire Ronald D. Weiss as Counsel ------------------------------------------------------------- H.4.L. LLC seeks approval from the United States Bankruptcy Court for the Eastern District of New York to employ Ronald D. Weiss, P.C. as its bankruptcy counsel. The firm will provide these services: (a) legal advice with respect to the powers and duties of the Debtor-in-Possession in the continued management of its property; (b) represent the Debtor before the Bankruptcy Court and at all hearings on matters pertaining to its affairs, including contested matters that may arise 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 necessary or desirable applications, motions, answers, orders, reports, documents, and other legal papers; and (e) perform other legal services for the Debtor which may be necessary and appropriate. Ronald D. Weiss, Esq. will be compensated at an hourly rate of $550 for attorneys and $275 for paralegals, plus reimbursement of expenses and disbursements. The firm received a $20,000 pre-petition retainer, of which $5,307.50 was used for prepetition services and $14,692.50 remains to be applied toward postpetition fees and expenses, subject to Court approval. Ronald D. Weiss, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not represent any adverse interest in the case, according to court filings. The Firm can be reached at: Ronald D. Weiss, Esq. RONALD D. WEISS, P.C. 445 Broadhollow Road, Suite CL-10 Melville, NY 11747 Telephone: (631) 271-3737 Facsimile: (631) 271-3784 E-mail: weiss@ny-bankruptcy.com About H.4.L. LLC H.4.L., LLC is a single-asset real estate firm that owns and manages a residential property at 191 The Helm in East Islip, New York, valued at about $1.55 million based on Zillow estimates. H.4.L. LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-72058) on May 21, 2026. At the time of the filing, Debtor had estimated assets and liabilities that are not stated in the provided document. Judge Sheryl P. Giugliano oversees the case. Ronald D. Weiss, P.C. is Debtor's legal counsel. HAINES PROPERTIES: Case Summary & Seven Unsecured Creditors ----------------------------------------------------------- Debtor: Haines Properties LLC 3820 Lake Palourde Rd. Morgan City, LA 70380 Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court Eastern District of Louisiana Case No.: 26-11268 Judge: Hon. Meredith S Grabill Debtor's Counsel: Leo D. Congeni, Esq. BROOKS GELPI HAASE', LLC 909 Poydras St., Suite 2325 New Orleans, LA 70112 Tel: (504) 224-6723 Fax: (504) 534-3170 Email: lcongeni@brooksgelpi.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million Glynn A. Haines signed the petition in his capacity as manager of Haines Companies, LLC, which was identified as the owner and manager of the Debtor. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/K37CMEQ/Haines_Properties_LLC__laebke-26-11268__0001.0.pdf?mcid=tGE4TAMA HIDALGO GROUP: To Hire Law Offices of Richard R. Robles as Counsel ------------------------------------------------------------------ Hidalgo Group, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Law Offices of Richard R. Robles, P.A. to serve as legal counsel. Mr. Robles and the Law Firm will provide these services: (a) give the Debtor advice with respect to its powers and duties as a debtor in possession; (b) advise the Debtor regarding compliance with U.S. Trustee Operating Guidelines, reporting requirements, and court rules; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary for administration of the case; (d) protect the interests of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiations with creditors in the preparation of a plan. The Law Offices of Richard R. Robles, P.A. will receive an initial retainer of $35,000 and will charge hourly rates at these rates: Managing Attorney $650, Senior Attorney $500, Junior Attorney $425, Associate Attorney $350, Juris Doctor (non-lawyer) $175, Law Clerk $150, and Paralegal $90. The Law Offices of Richard R. Robles, P.A. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings and supporting affidavits filed under 11 U.S.C. Sec. 327(a) and Bankruptcy Rule 2014. The firm can be reached at: Richard R. Robles, Esq. Law Offices of Richard R. Robles, P.A. 905 Brickell Bay Drive, Suite 228 Miami, FL 33131 Telephone: (305) 755-9200 E-mail: rrobles@roblespa.com assistant@roblespa.com About Hidalgo Group LLC Hidalgo Group, LLC is a business entity engaged in general commercial operations, including investment and management services. Hidalgo Group, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14274) on April 6, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $500,000. Judge Laurel M Isicoff oversees the case. The Debtor is represented by Jesus Santiago, Esq. HUBBARD INGREDIENTS: Commences Chapter 11 Bankruptcy in Kansas -------------------------------------------------------------- On May 27, 2026, Hubbard Ingredients, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Kansas. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to between 50 and 99 creditors. A meeting of creditors under Section 341(a) to be held on 6/23/2026 at 01:00 PM at Conf Call by US Trustee. About Hubbard Ingredients, LLC Hubbard Ingredients, LLC is a food ingredients and agricultural products company engaged in the sourcing, processing, and distribution of ingredients for commercial customers. Hubbard Ingredients, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20802) on May 27, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Honorable Chief Bankruptcy Judge Dale L. Somers handles the case. The Debtor is represented by Bradley D. McCormack, Esq., of The Sader Law Firm. HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to Sept. 17 -------------------------------------------------------------- Hudson 1701/1706, LLC and Hudson 1702, LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 17 and Nov. 16, 2026, respectively. The Debtors explain that they have been operating under the protection of chapter 11 for approximately seven months, and during this period of time have made significant and material progress in administering these Chapter 11 Cases. The extension requested in this Motion will provide the Debtors and their advisors the opportunity to negotiate, confirm and implement the terms of a chapter 11 plan for the distribution of assets to creditors. The Debtors claim that completing the trial in the Recharacterization Action is critical to the Debtors' formulation of a plan of reorganization. The Debtors worked diligently to prepare for an expedited trial in this matter and will continue to press for an expeditious trial. However, in light of the effect of the Dismissal Order on the timeline for completing the trial, the Debtors require an extension of the Exclusivity Periods to accommodate that timeline. Upon completion of the trial and a ruling, the Debtors anticipate pivoting quickly to fully formulating and seeking confirmation of a plan of reorganization. The Debtors cite that they intend to propose and seek confirmation of a plan of reorganization promptly following resolution of the Recharacterization Action and will diligently seek to advance this process as much as practicable in the interim period pending such resolution, including continuing to seek settlement of the Interpleader Action and negotiating for the lifting of the stop work orders. The Debtors believe that the requested extensions of the Exclusive Periods will afford the key parties-in-interest time to negotiate a potential plan structure and prepare a draft plan in advance of the expiration of the proposed extended Exclusive Periods. Accordingly, the Debtors submit that this factor weighs in favor of the requested extension of the Exclusive Periods. This Motion is the Debtors' second request for an extension of the Exclusive Periods, and the request will not unfairly prejudice or pressure the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. Importantly, the Debtors are not seeking an extension to delay administration of these Chapter 11 Cases or to exert pressure on their creditors, but rather to resolve issues related to any potential plan and continue the orderly, efficient, and cost-effective chapter 11 process. Counsel for the Debtors: William E. Chipman, Jr., Esq. Mark D. Olivere, Esq. Aaron J. Bach, Esq. Alison R. Maser, Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Tel: (302) 295-0191 Email: chipman@chipmanbrown.com olivere@chipmanbrown.com bach@chipmanbrown.com maser@chipmanbrown.com About Hudson 1701/1706 LLC Hudson 1701/1706, LLC and Hudson 1702, LLC are Delaware limited liability companies engaged in activities related to real estate under NAICS code 5313. The entities manage and administer real property interests at 353 West 58th Street in New York City, with Hudson 1701/1706 associated with the tenth floor and Hudson 1702 with Unit 2 of the same building. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HYE NURSES: U.S. Trustee Appoints Stanley Otake as PCO ------------------------------------------------------ Peter C. Anderson, the U.S. Trustee for Region 16, appointed Stanley Otake as patient care ombudsman for Hye Nurses Home Health, Inc. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Central District of California on May 12. Mr. Otake disclosed in a court filing that he is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The ombudsman may be reached at: Stanley Otake 225 N. Deerwood Street Orange, CA 92869 Cell: 562-225-1934 Residence: 714-289-1545 E-Mail: ucla1000@aol.com About Hye Nurses Home Health Inc. Hye Nurses Home Health, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-10955) on May 4, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Martin R. Barash presides over the case. Cyrus Zal, Esq., represents the Debtor as legal counsel. INGENOVIS HEALTH: Advised by Davis Polk in Restructuring -------------------------------------------------------- Davis Polk advised Ingenovis Health, Inc., a portfolio company of Cornell Capital and Trilantic North America, and certain of its subsidiaries, on a comprehensive restructuring transaction, including $100 million new money investment from Cornell Capital and Trilantic North America in exchange for newly issued preferred equity interests, $100 million paydown and subsequent cancellation of the existing first-lien facility comprised of a $725 million term loan facility and a $85 million revolving facility, entry into a new $275 million take back first-lien credit facility, and issuance of $30 million in preferred equity interests offered to all existing first-lien lenders. The comprehensive restructuring transactions were supported by 100% of the existing first lien lenders and result in a reduction of over $500 million of existing first- lien debt. Ingenovis Health is an integrated healthcare talent ecosystem that delivers customized workforce solutions, talent operations and critical clinical staff to hospitals, health systems, and healthcare facilities nationwide. Through a family of specialized workforce solution brands -- including Trustaff, Fastaff, HealthCare Support, USN, VISTA Staffing, Springboard Healthcare and VitalSolution -- as well as a customized consultancies Corazon and Ingenovis Talent Operations (ITO), Ingenovis provides purpose-driven workforce solutions across the United States. The Davis Polk restructuring team included partners Brian M. Resnick and Angela M. Libby and associates Andrew Frisoli, Moshe Melcer, Tasha Brown and Naomi R. Philhower. Partner Jack Orford, counsel Esam Ibrahim and associates Eric Cummings and Ben Titlebaum provided finance advice. Partners William J. Chudd and Darren M. Schweiger and associate Alex Sanders provided M&A advice. Counsel Brian Hecht provided capital markets advice. Partner Ethan R. Goldman provided tax advice. Members of the Davis Polk team are based in the New York office. Davis Polk refers to Davis Polk & Wardwell LLP, a New York limited liability partnership, and its associated entities. As reported by the Troubled Company Reporter on May 29, 2026, May 29, 2026 Moody's Ratings downgraded the ratings of Ingenovis Health, Inc. (Ingenovis) including the corporate family rating to Ca from Caa3, probability of default rating to Ca-PD from Caa3-PD, and the ratings on the senior secured first lien bank credit facilities to Ca from Caa3. The outlook is stable. The ratings downgrade reflects the company's deteriorating credit metrics as revenue continues to face headwinds due to the structural, industry-wide decline in the nurse staffing industry following the elevated demand levels of the COVID-19 pandemic resulting in reduced contract labor spend by healthcare providers. While Ingenovis benefitted from strong revenue growth in its strike business in early 2025, the contribution of this business has not been enough to offset the margin compression and decline in revenue. Moody's estimates that the company's debt-to-EBITDA as of LTM September 30, 2025 was around 14.3x which includes some benefit from nurse strikes in the first quarter of 2025. Moody's anticipates that leverage will remain elevated as operating expenses, namely high interest expense, will continue to pressure profitability and liquidity in the near term. The stable outlook reflects Moody's views that Ingenovis' operating performance and profitability will remain constrained and that the default probability is high, given weak liquidity. INNOVITY VENTURES: Employs Conroy Baran as Bankruptcy Counsel ------------------------------------------------------------- Innovity Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Conroy Baran, LLC as bankruptcy counsel. The firm and its attorneys will provide the customary services required in representing Chapter 11 Debtors-in-Possession, including: (a) represent Debtor during its Chapter 11 bankruptcy proceedings; (b) coordination with counsel for the IP Debtors and the Chief Restructuring Officer, David R. Payne of Marshall & Stevens, who was appointed to serve as CRO for the IP Debtors; and (c) provide the customary services required in representing Chapter 11 Debtors-in-Possession. Robert S. Baran, Esq., who will serve as lead counsel in the case, will receive an hourly rate of $350, while paralegals will receive hourly rates ranging from $95 to $168. Conroy Baran, LLC is a "disinterested party" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert S. Baran, Esq. Aaron M. Othmer, Esq. CONROY BARAN LLC 1316 Saint Louis Ave., 2nd FL Kansas City, MO 64101 Telephone: (816) 616-5009 E-mail: rbaran@conroybaran.com rshaw@conroybaran.com About Innovity Ventures, LLC Innovity Ventures, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case No. 26-20800) on May 27, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Conroy Baran, LLC is Debtor's legal counsel. INNOVITY VENTURES: Taps Marshall & Stevens as CRO ------------------------------------------------- Innovity Ventures LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Marshall & Stevens and David R. Payne to serve as chief restructuring officer. Mr. Payne will provide these services: (a) review, analyze and develop the reporting format for a 4-month lookback of cash receipts and disbursements to evaluate and develop a 13-Week Cash Forecast Budget; (b) work with the Companies' financial personnel to prepare a 13-Week Cash Forecast Budget; (c) institutionalize a cash management oversight system which is directed by rolling 13-Week Cash Forecast/Budget with related working capital collateral (AR and inventory) budgets/forecasts and institute a budget-to-actual tracking and comparison reporting system; (d) extend the 13-Week Cash Forecast/Budget into a longer-term plan of refinancing, restructuring feasibility and creditor payout assessment, and develop repayment plans for secured and unsecured debt obligations; (e) report to stakeholders any non-recurring or non-budgeted material financial transfers, transactions or agreements that may impact the Companies' financial condition; (f) develop a comprehensive refinancing/restructuring plan including implementation steps for repayment of secured and unsecured debt obligations, supported by financial models and analysis of repo inventory and cash flows; (g) prepare detailed evaluation of intercompany and affiliate service transactions for commercial reasonableness; (h) evaluate realizable asset values and prioritize obligations to maximize recoveries for stakeholders; (i) provide capital sourcing services to identify and obtain new, replacement, bridge and/or junior funding in court or out-of-court transactions; (j) provide oversight of personnel and facilitation of information required to complete a transaction; (k) conduct ongoing communications with lenders regarding performance, refinancing progress, and cash flow or collateral management; (l) oversee workflow prioritization for financial and administrative personnel; (m) evaluate asset and collateral values under different restructuring scenarios; (n) prepare term sheets and summaries outlining restructuring or stabilization options; (o) communicate with vendors and suppliers regarding repayment plans for past due obligations; (p) review financial and operating controls and identify opportunities for improvement; (q) review overhead costs and recommend reductions or operational efficiencies; (r) prepare reports for stakeholders; and (s) perform other services as directed by the Companies and agreed to by the CRO. Marshall & Stevens will receive compensation at the rate of $15,000 per bi-week (semi-monthly) period, plus standard rates for staff in excess of 30 hours per period. The engagement includes a $100,000 deposit and a success fee of 3.5% for CRO-introduced capital funding sources or 1.5% for other funding sources. M&S will also be reimbursed for reasonable out-of-pocket expenses. Marshall & Stevens is a "disinterested person" and has no adverse interest in the Debtor or its estate, and has no connections with the Debtor, creditors, or other parties in interest, according to court filings. The CRO may be contacted at: David R. Payne Marshall & Stevens 119 North Robinson, Suite 400 Oklahoma City, OK 73102 About Innovity Ventures, LLC Innovity Ventures, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case No. 26-20800) on May 27, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Conroy Baran, LLC is Debtor's legal counsel. IQSTEL INC: Q1 2026 Loss Widens to $1.4M; Going Concern Doubt Stays ------------------------------------------------------------------- IQSTEL Inc. has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $1,385,936 for the three months ended March 31, 2026, compared to a net loss of $1,144,461 for the same period in the prior year. Revenues for the three months ended March 31, 2026 were $97,919,836, compared to $57,632,816 in the prior-year period. Liquidity and Capital Resources As of March 31, 2026, the Company had total current assets of $29,726,482 and current liabilities of $30,028,395, resulting in a negative working capital of $301,913. The Company's operating activities used $175,447 in the three months ended March 31, 2026 as compared with $1,906,969 used in operating activities in the three months ended March 31, 2025. The Company's negative operating cash flow for both periods is a result of its net loss and changes in operating assets and liabilities which varies depending on its operating results and the timing of operating cash receipts and payments, specifically trade accounts receivable and trade accounts payable. This is due to substantial non-cash adjustments and working capital changes: * Depreciation and amortization increased, reflecting higher non-cash expenses. * Bad debt expense remained low, indicating stable receivables quality. * Accounts receivable: Large positive adjustment ($6.3M in 2026 vs. $45.9M in 2025), suggesting strong collections and reduced sales on credit. * Accounts payable and accrued liabilities: Large negative adjustments, especially accrued liabilities, indicating significant payments during the period. The Company's operating cash flow is still negative, but the gap between net loss and cash used is bridged by non-cash charges and working capital management. Investing activities used $8,400 for the three months ended March 31, 2026, compared to $58,645 in the same period of 2025. The higher outflows in 2025 were mainly driven by the acquisition of QXTEL and Globetopper. The decrease in 2026 reflects lower investment activity compared to the prior period. Financing activities provided $626,075 in the current period, compared to $540,304 in the prior period. The increase reflects higher net inflows from financing activities. This change is mainly due to increased proceeds from financing sources, partially offset by repayments and related outflows. Financing activities during the period include funding associated with the acquisition of Globetopper, as the Company continues to support its growth and investment strategy. The Company is transitioning from an expansion phase in 2026, marked by the acquisition of Globetopper, to a more consolidated approach during the first nine months of 2026, with a greater focus on cash preservation, working capital management, and non-cash financing tools. The Company's debt repayments reflect a maturing capital structure. At the same time, the expansion of Globetopper during the year ended December 31, 2025 demonstrates the Company's continued commitment to strengthening and scaling its other business divisions. These conditions, including the Company's recurring losses from operations, negative working capital, and negative operating cash flows, raise substantial doubt about the Company's ability to continue as a going concern. The Company intends to fund its operations through increased sales, as well as debt and/or equity financing arrangements, to support liquidity and capital resources. The Company also plans to seek additional funding through public and private equity offerings. However, there can be no assurance that the Company will be successful in raising additional capital. If the Company is unable to secure such funding, its business plan and operations could be adversely affected. Additionally, there can be no assurance that such financing will be available on acceptable terms, or at all. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/4vsd7yru. About iQSTEL iQSTEL Inc. is a multinational technology company that provides services across telecom, fintech, blockchain, artificial intelligence, and cybersecurity. The Company operates in 21 countries and serves a global customer base. It projects $340 million in revenue for fiscal year 2025. As of March 31, 2026, the Company had $44,526,126 in total assets, $30,227,388 in total liabilities, and $14,298,738 in total stockholders' equity. Pittsburgh, Pennsylvania-based Urish Popeck & Co., LLC, the Company's auditor, issued a "going concern" qualification in its report dated April 6, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations, negative working capital, and does not have an established source of revenues sufficient to cover its operating costs. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plan and eventually attain profitable operations. Accordingly, the Company has determined that these factors raise substantial doubt as to the Company's ability to continue as a going concern for a period of one year from the issuance of the financial statements. Management intends to continue to fund its business by way of public or private offerings of the Company's stock or through loans from private investors, in order satisfy the Company's obligations as they come due for at least one year from the financial statement issuance date. However, the Company has not concluded that these plans alleviate the substantial doubt related to its ability to continue as a going concern. J KRUZE INVESTMENTS: Seeks Cash Collateral Access ------------------------------------------------- J Kruse Investments, LLC asks the U.S. Bankruptcy Court for the Western District of Missouri for authority to use cash collateral and provide adequate protection. The Debtor requires the use cash collateral — business revenues and related assets subject to Simmons Bank’s security interests — to continue operating during reorganization. The company employs about 45 people and argues that without access to the cash collateral it would be unable to pay employees, vendors, taxes, attorneys, and accountants, effectively forcing the business to shut down. The Debtor's obligations stem primarily from two SBA-backed loans issued by Simmons Bank: a $1.23 million loan from 2016 and a $180,000 loan from 2018, both originally used to acquire ten Subway franchise locations. Five stores have since closed. Simmons claims the remaining balances exceed $413,000 on the first loan and $51,000 on the second, including substantial interest, attorneys’ fees, and insurance-related charges. The Debtor disputes parts of these claims, particularly certain fees and the validity or duplication of collateral claims, and plans to challenge Simmons’s secured status under 11 U.S.C. section 506. The Debtor corrected errors involving an Employee Retention Credit tax refund that was initially paid to owner Jason Kruse personally but later determined to belong to the bankruptcy estate. It also reduced the estimated value of inventory and asserted that the Subway franchise licenses have no realizable value because of transfer restrictions and speculative worth. The Debtor now estimates total assets at approximately $104,617. To provide adequate protection to Simmons Bank while using the collateral, the Debtor proposes monthly interest-only payments of $806 beginning May 17, 2026. J Kruse Investments maintains that the business remains cash-flow positive before debt service and intends to use Chapter 11 to preserve operations, restructure debt, and potentially renegotiate its lending relationship with Simmons Bank. A copy of the motion is available at https://urlcurt.com/u?l=OsIbJ1 from PacerMonitor.com. About J Kruse Investments LLC J Kruse Investments, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60861) on December 17, 2025, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Brian T. Fenimore presides over the case. James B. James, Esq., at JB James Law Firm, P.C. represents the Debtor as bankruptcy counsel. JACQUELINE D MOORE: Hires Management Concepts CPAs as Accountant ---------------------------------------------------------------- Jacqueline D Moore PLLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Management Concepts CPAs & Consultants as accountant. The firm's services include: a. assisting the Debtor and Debtor's counsel with all of the various accounting and bookkeeping-related tasks that arise in this case, including preparing bankruptcy schedules and related forms and monthly operating reports; b. reviewing and verifying deposits and performing bank reconciliations, recording invoices, managing QuickBooks entries, preparing and filing applicable tax forms, and c. assisting with budgeting in connection with the Debtor's reorganization prospects, and handling such other general accounting and bookkeeping services as may arise. Mr. Tarik Benkirane, a professional designated to perform accounting services, will be paid an hourly rate of $350. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Benkirane, 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: Tarik Benkirane Management Concepts CPAs & Consultants 1939 Roland Clarke Place Suite 350 Reston, VA 20191 Tel: (703) 788-6507 About Jacqueline D Moore PLLC Jacqueline D Moore PLLC, doing business as Comprehensive Surgery Specialists and Comprehensive Surgical Specialists of Stone Ridge, is a surgical practice located in Aldie, Virginia. The practice provides minimally invasive surgical procedures and robotic surgery, including colon, breast cancer, acid reflux, hernia, gallbladder, and abdominal cancer procedures. It also treats conditions including appendix pain, cysts, diverticulitis, hemorrhoids, hidradenitis suppurativa, lipomas, moles, painful leg veins, skin cancer, and skin tags. The practice serves communities including Aldie, Fairfax, Chantilly, Ashburn, South Riding, Dulles, Annandale, Springfield, and Burke. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-11018) on April 29, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Jacqueline D. Moore, MD, sole member, signed the petition. Steven B. Ramsdell, Esq., at Tyler, Bartl & Ramsdell, PLC represents the Debtor as legal counsel. JFY PROPERTIES: Initiates Chapter 11 Bankruptcy in Maryland ----------------------------------------------------------- On May 26, 2026, JFY Properties II LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Maryland. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 1, 2026 at 10:00 am telephonically: Phone number 1-888-330-1716, Access Code 6624329#.. Filed by US Trustee - Baltimore. About JFY Properties II LLC JFY Properties II LLC is a real estate holding and investment company engaged in the ownership and management of commercial and residential properties. JFY Properties II LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15570) on May 26, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Nancy V. Alquist handles the case. The Debtor is represented by Justin Philip Fasano, Esq., of McNamee Hosea, P.A. JMKA LLC: Updates Restructuring Plan Disclosures ------------------------------------------------ JMKA, LLC submitted an Amended Disclosure Statement describing Plan of Reorganization dated May 19, 2026. This Plan of Reorganization proposes to pay creditors of the Debtor from cash flow from operations. General unsecured creditors are classified in Class 13, and will receive a distribution of 9% of their allowed claims, to be distributed monthly for 36 months after the Effective Date. Like in the prior iteration of the Plan, Class 13 Non-priority unsecured creditors shall be paid a total of $159,750.58 over 36 months. The Debtor shall make monthly payments of $4,437.52 per month for 36 months and then the Debtor shall receive a discharge of all Class 13 claims. The allowed unsecured claims total $1,775,006.42. This Class is impaired. The Debtor is wholly owned by four equity security holders, namely, Kasindra Mladenoff (90%), Kenna Dayton (3.34%), Kessler Dayton (3.33%), and Brenner Daytyon (3.33%). Since the Plan does not contemplate payment in full to all classes of creditors, the Debtor shall hold an auction of its equity security interest at the confirmation hearing to determine fair market value. The winner of the auction will pay the amount of the winning bid to the Debtor within 7 days of being declared the auction winner, thus adding new value to the Reorganized Debtor. Notice of the auction shall be published in the Chicago Daily Law Bulletin after Court approval of this Plan. Kasindra Mladenoff will make the first bid in the amount of $1,000. The Debtor will fund the Plan through the income from continued operations. The Plan Proponent believes that the Debtor will have enough cash on hand on the effective date of the Plan to pay all the claims and expenses that are entitled to be paid on that date. The final Plan payment is expected to be paid on January 1, 2033. A full-text copy of the Amended Disclosure Statement dated May 19, 2026 is available at https://urlcurt.com/u?l=wdoSj9 from PacerMonitor.com at no charge. Counsel to the Debtor: Ben Schneider, Esq. Schneider & Stone 8424 Skokie Blvd., Suite 200 Skokie, IL 60077 Telephone: (847) 933-0300 Email: ben@windycitylawgroup.com About JMKA LLC JMKA, LLC is a boutique childcare center in downtown Elmhurst, Ill. It operates as Elmhurst Premier Childcare. JMKA filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ill. Case No. 25-00036) on Jan. 3, 2025, with up to $50,000 in assets and up to $10 million in liabilities. Judge David D. Cleary oversees the case. The Debtor is represented by Ben L. Schneider, Esq., at The Law Offices of Schneider & Stone. KACHINA AIR: Bid to Review Net Worth Determination Granted in Part ------------------------------------------------------------------ In the appeal styled KACHINA AIR, INC., GAI AIR, LLC, AWMR, LLC, AND XIAN HUA "AARON" WANG, Appellants V. CREEK CROSSING MANAGEMENT, L.L.C., ON BEHALF OF RADIUS FLEX LOGISTICS, L.L.C. AND GREGORY LEWIS, Appellees, NO. 09-25-00338-CV (Tex. App), Chief Justice Scott Golemon, Justice Jay Wright and Justice Kent Chambers of the Texas Ninth Court of Appeals granted in part the Second Emergency Motion to Stay and Motion to Review Trial Court's Net Worth Determination and Supersedeas Order filed by Appellants, Kachina Air, Inc., GAI Air, LLC, AWMR, LLC, and Xian Hua "Aaron" Wang. Based on a jury's verdict, the trial court signed a final judgment awarding Creek Crossing Management, L.L.C., $2,774,727.77 in actual damages plus $630,672.46 in prejudgment interest, along with post-judgment interest and costs, against Appellants, jointly and severally. The judgment also assesses exemplary damages of $3,600,000 against Wang. Appellants filed a notice of appeal. In lieu of filing a supersedeas bond, Appellants filed a notice indicating each had deposited $10 based on net-worth declarations indicating their collective net worth is negative $(3,583,205). Appellants filed two declarations. Wang's indicates that his net worth is negative $(4,989,355), that GAI's net worth is $1,406,150, and that the combined figure of negative $(3,583,205) "captures the net worth of all Defendants." A declaration purporting to be that of Ronald Paul Guidry was filed, but the signature page is missing and in its place is the signature page from Wang's declaration. This declaration indicates Guidry is a professor of Accounting at Illinois State University and a former Certified Public Accountant who used generally accepted accounting principles and arrived at a negative $(4,989,355) net worth for Wang (the same as is stated in Wang's declaration) and $2,529,417 for GAI (rather than the $1,406,150 figure provided in Wang's declaration). Creek Crossing contested the net worth declarations. It also filed an application for a post-judgment temporary restraining order, temporary injunction and permanent injunction against AWMR to prevent it from disposing of airplanes Creek Crossing had reason to believe were being sold. The trial court signed the TRO and set the temporary injunction for hearing. According to Guidry, GAI is a holding company that owns 100 percent of AWMR, Kachina and "various other non-defendant entities." AAW Investments, Inc. owns 70 percent of GAI and the other 30 percent is owned by Qing Kai Sun. Guidry testified Kachina's net worth is $88, AWMR's net worth is $992,000, and while GAI's individual net worth is approximately $1,605,000, its overall net worth is $2.5 million, which includes the net worths of AWMR, Kachina, and the other non-defendant entities. The trial court admitted Kachina's balance sheet, which Guidry prepared. Guidry testified that as of August 2025 Kachina's assets consist of $452 in cash and $7,637 of "aircraft and upgrades." Guidry testified Kachina's liabilities consist of some accounts payable and payroll taxes payable totaling $8,089, giving Kachina a net worth of $88. Supersedeas Order On October 22, 2025, the trial court signed an Order Setting Supersedeas Bonds. According to the order, Appellants failed to establish the LLC judgment debtors' net worths were negative $(1,788,661.42) or that Wang's net worth is negative $(4,983,472.84). The trial court found that the judgment against Aaron Wang, including interest for the anticipated duration of the appeal, totals $8,217,430.43, that Wang's assets total $2,809,312.16 and that his liabilities are zero, for a net worth of $2,809,312.16. The trial court set the amount for the supersedeas bond at $1,404,656.08, one-half of his net worth. The trial court found Wang failed to show this calculation would cause him to suffer substantial economic harm and that all of the evidence focused on the harm from the judgment, rather than the bond. The trial court found GAI Air, LLC's assets of $9,784,685 and liabilities of $6,671,453 left a net worth of $3,113,232, and the judgment with interest totals $3,994,572.89. The trial court set the amount of the supersedeas bond at $1,556,616. The trial court found Kachina Air, LLC showed assets of $8,089 but the trial court added $300,000 for the value of the FAA 135 Certificate, for a net worth of $300,088. The trial court found the amount of the judgment against Kachina Air, exceeded fifty percent of its net worth and set the amount of the supersedeas bond at $150,044. The trial court found AWMR, LLC showed assets of $959,243 to which the trial court added $690,000, the price for which the planes were sold before they were leased back to a different Wang-owned entity. The trial court found assets of $1,649,243 and liabilities of $616,783 for a net worth of $1,032,460, found the amount of the judgment is greater than fifty percent of net worth, and set the amount of the supersedeas bond at $516,230. Appellants argue the trial court abused its discretion by considering the net worth of each company separately instead of calculating the consolidated net worth of Wang and all his companies. Specifically, Appellants asserts: (1) the trial court abused its discretion by failing to make an alter ego finding; (2) Appellants established they are alter egos for the purpose of determining net worth; (3) consolidated net worth is the appropriate standard; and (4) the trial court incorrectly rejected consolidation because it mistakenly believed Appellants were seeking a method of consolidation "only as to the four judgment debtors and did not include the multitude of other companies which orbit around Mr. Wang per his organizational chart." According to the panel, "We reject this argument and conclude the trial court did not abuse its discretion by separately calculating Kachina's and AWMR's net worths based on the testimony and financial statements regarding each such entity's net worth. We also conclude that in calculating GAI's net worth, the trial court did not err in including the net worths of GAI's subsidiaries (since GAI owns them), but not the net worths of AAW or Wang. Lastly, we conclude the trial court did not err in including the net worths of all of Wang's entities in his net worth." The panel holds, "We grant Appellants' motion in part, modify the trial court's Net Worth Determination and Supersedeas Order and affirm the order as modified. We conclude the amount of security required to supersede the judgment is $150,044 for Kachina; $461,031 for AWMR; $1,414,709 for GAI; and $1,509,656 for Wang. When combined, these figures total $3,535,440 which exceeds the amount of compensatory damages plus interest for the anticipated duration of the appeal, which we have calculated as $3,254,793.68. Therefore, we conclude that in the alternative, Appellants may post joint security in the amount of $3,254,793.68, provided that the surety or sureties will be liable for the entire amount if the judgment is affirmed with respect to any Appellant." A copy of the Court's Memorandum Opinion dated May 20, 2026, is available at http://urlcurt.com/u?l=q6eOlH About Kachina Air Inc. Kachina Air, Inc. is a U.S. charter airline that provides on-demand air travel services to clients across the country. Kachina Air Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-9527) on October 24, 2025. In its petition, the Debtor reports estimated assets and liabilities up to $100,000. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Susan Tran Adams, Esq., of Tran Singh LLP. KALAMAZOO CANDLE: Seeks to Use Cash Collateral ---------------------------------------------- Kalamazoo Candle Company, LLC asks the U.S. Bankruptcy Court for the Western District of Michigan for authority to use cash collateral and provide adequate protection. The Debtor argues that immediate access to cash collateral is essential to maintain payroll, purchase inventory, pay utilities and insurance, and preserve the value of the business for creditors. The business operates a retail candle store in downtown Kalamazoo, Michigan, and is managed by its sole member, David A. McFarlin, who submitted a declaration supporting the request. The Debtor states that without access to cash collateral, it would suffer irreparable harm and may be unable to continue operations. Financial projections prepared by the company indicate it expects to generate sufficient revenue to maintain operations and replenish the value of the cash collateral during the bankruptcy process. The Debtor estimates total assets at approximately $148,682, including inventory, accounts receivable, cash, bank accounts, and equipment. Of this amount, roughly $107,295 is considered cash collateral. Several lenders claim security interests in the company's assets, including Horizon Bank, First Source Bank, Northern Great Lakes Initiative, and Fora Financial. Combined secured debt exceeds $1.4 million. To provide adequate protection, the Debtor proposes monthly payments of $2,000 to Horizon Bank, replacement liens on post-petition assets, turnover of proceeds from non-ordinary-course asset sales, and regular financial reporting to creditors. The Debtor contends that approving use of cash collateral is necessary to preserve operations, maximize estate value, and support a successful reorganization rather than liquidation. A copy of the motion is available at https://urlcurt.com/u?l=zCZaaW from PacerMonitor.com. About Kalamazoo Candle Company, LLC Kalamazoo Candle Company, LLC is a Kalamazoo, Michigan-based candle company founded in 2013. The company handcrafts made-to-order soy candles and sells candle products and related fragrance and accessory items, including classic candles, botanicals, large 2-wick candles, car fresheners, warmers, candle-care products, matchboxes, aroma oils, wax melts, votives, and travel tins. It also produces custom label candles, offers DIY candle-making experiences, and supports wholesale candle ordering. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mich. Case No. 26-01606) on May 15, 2026. In the petition signed by David Adam McFarlin, member/manager, the Debtor disclosed $148,682 in total assets and $2,115,854 in total liabilities. Judge Scott W. Dales oversees the case. Steven M. Bylenga, Esq., at CBH ATTORNEYS & COUNSELORS, PLLC, represents the Debtor as legal counsel. KEN'S BAR-B-QUE: Hearing Today on Bid to Use Cash Collateral ------------------------------------------------------------ U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, is set to hold a hearing today to consider extending Ken's Bar-B-Que, Inc.'s authority to use cash collateral. The Debtor's authority to use cash collateral under the court's third interim order expires today. The third interim order approved the payment of expenses with cash collateral in accordance with the Debtor's budget. It granted Seacoast Bank adequate protection through a monthly payment of $3,500 and replacement liens on all post-petition assets of the Debtor, maintaining the same validity and priority as its pre-petition liens except avoidance actions. Seacoast is represented by: Raye C. Elliott, Esq. AKERMAN LLP 401 East Jackson Street, Suite 1700 Tampa, FL 33602 Phone: (813) 223-7333 Fax: (813) 223-2837 raye.elliott@akerman.com About Ken's Bar-B-Que Inc. Ken's Bar-B-Que, Inc. is a Florida-based restaurant company engaged in the food service industry, specializing in barbecue cuisine. Ken's Bar-B-Que, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00499) on February 5, 2026. In its petition, the debtor reports estimated assets and liabilities each in the range of $1 million to $10 million. The case is overseen by Chief Bankruptcy Judge Jacob A. Brown. The Debtor is represented by Bryan K. Mickler, Esq., of Mickler & Mickler. KEY PAINTING: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Pennsylvania entered a final order authorizing Key Painting & Decorating, LLC to use cash collateral through July 16. The Debtor was initially allowed to access cash collateral under the court's April 28 interim order. Under the final order, the Debtor is authorized to use up to $580,000 in cash collateral to fund operations in accordance with its budget, subject to a monthly variance cap of $30,000. The Debtor's cash collateral consists of cash, bank account proceeds, and accounts receivable, subject to liens held by secured creditors, Orrstown Bank and LEAF Capital Funding, LLC. As adequate protection, both creditors will receive replacement liens, with the same extent and priority as existed on the petition date. These liens remain valid even if the Debtor's bankruptcy case is later dismissed or converted. If such liens later prove insufficient, the creditors will receive superpriority claims. In addition, Orrstown will receive payments from the Debtor as further protection. Events of default include noncompliance with the final order; case conversion or dismissal; failure to file a Subchapter V plan by July 8; or failure to confirm a plan by Oct. 1. Upon default and notice, Orrstown may seek termination of cash collateral use. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/zj3lZ from PacerMonitor.com. 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. KINETIK HOLDINGS: S&P Affirms 'BB+' ICR on Continued Expansion -------------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' issuer credit rating on Kinetik Holdings Inc. The outlook remains positive. S&P also affirmed its 'BB+' issue-level rating on the senior unsecured notes. The '3' (rounded estimate: 55%) recovery rating is unchanged. The positive outlook reflects S&P's expectation Kinetik will maintain adjusted debt to EBITDA of 3.5x-4.0x through 2027. Kinetik continues to expand its business through organic growth projects and acquisitions, maintaining leverage of 3.5x-4.0x. The affirmation reflects increased scale and leverage maintained at 3.5x-4x. In 2025, several of Kinetik's upstream customers shut in volumes due to a lack of natural gas takeaway capacity from the Permian Basin, which resulted in negative Waha Hub pricing. S&P said, "Despite macroeconomic headwinds in 2025, we continue to expect fundamentals to remain strong over the next couple of years. Lower-than-expected volumes would continue through the first half of 2026 but begin to alleviate once additional gas pipes such as Hugh Brinson, Blackcomb and the Gulf Coast Express expansion come on line later this year. Kinetik's position in the Permian remains a key strength. We expect gas demand over the next several years will only continue to increase as liquefied natural gas and data center demand continue to ramp up." Kinetik continues to increase scale through organic expansion and acquisitions. S&P said, "The Kings Landing processing complex in New Mexico was completed in 2025, and we expect the sour conversion project to be in service by year-end 2026. The ECCC Pipeline, which connects and optimizes capacity across the two systems in Texas and New Mexico, will be in service in June 2026. The company also announced a final investment decision on Kings Landing II, a new 300 million cubic feet per day processing plant at the Kings Landing complex. We expect the project to be online in the second half of 2028, brining Kinetik's systemwide processing capacity to 2.7 billion cubic feet per day." S&P said, "To fund these projects, we forecast capital expenditure (capex) of about $510 million in 2026 and $400 million-$450 million in 2027. In our view, Kinetik's continued reinvestment in its business is evidence of the long-term demand for natural gas gathering and processing in the Delaware Basin. While we expect elevated capex through at least year end 2027 related to several major projects, Kinetik will generate at least $300 million in free operating cash flow in 2026 and 2027. "We expect more focus on growth opportunities than debt repayment, increasing scale. The company stated its leverage target is 3.5x-4x, versus its previous 3.5x, given elevated capex. Kinetik has continually operated within the upper end of that range for several years. While we expect that it will trend toward the lower end longer term, we expect it will continue to prioritize accretive growth projects and modest dividend increases over the next couple of years, rather than straight debt repayment. Despite this shift, we expect that earnings and EBITDA growth, particularly starting in 2027, will contribute to deleveraging such that the company will be more comparable with investment-grade peers. "We expect adjusted debt to EBITDA of 3.5x-4x through 2027. We expect S&P Global Ratings-adjusted EBITDA of $1 billion-$1.05 billion in 2026 and $1.1 billion-$1.2 billion in 2027, driven by increased volumes across existing and new systems as well as new commercial contracts. Kinetik has historically demonstrated a conservative financial policy to finance growth projects, favoring equity issuance and cash rather than raising debt. We expect it to employ a similar strategy over our forecast period. "The positive outlook on Kinetik reflects our expectation Kinetik will maintain S&P Global Ratings-adjusted debt to EBITDA of 3.5x-4x through 2027. We expect continued significant free cash flow, expansion through acquisitions and organic growth, and maintained contractedness and volumetric risk." S&P could revise the outlook to stable if: -- Prolonged underperformance of its gathering and processing throughput volumes raises adjusted debt to EBITDA above 4x; or -- The company adopts a more aggressive financial policy. S&P could consider raising the ratings if the company: -- Continues the trajectory of improving scale and footprint through organic growth projects or acquisitions; and -- Maintains a conservative financial policy with adjusted debt to EBITDA of about 3.5x. LEACH PAINTING: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Leach Painting, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral through June 30. Under the interim order, the Debtor is authorized to use cash collateral solely for post-petition operating expenses in accordance with an approved budget. Any budget savings achieved in a month may be carried forward and used during the following month. The Debtor is not allowed to exceed budgeted expenses by more than 10% during any monthly period although actual tax obligations may be paid in full. A copy of the Debtor's budget is available at https://shorturl.at/mv6BT from PacerMonitor.com. As adequate protection for the Debtor's use of its cash collateral, St. Louis Bank will receive a monthly payment of $12,500, with the first payment due by June 30; and a replacement lien on the Debtor's post-petition assets, with the same validity, priority and extent as its pre-petition lien. If the Debtor fails to make a required payment, St. Louis Bank may seek expedited court relief after providing notice and a 10-day opportunity to cure the default. Aside from St. Louis Bank, the other creditors holding UCC financing statements are Newtek Bank, N.A., Formentera Capital Group, Expansion Capital, and Revenued. Total secured debt is estimated at approximately $4.28 million while unsecured claims are estimated at about $1.29 million. However, the Debtor reserves the right to dispute the validity, enforceability, extent, and priority of any alleged liens or claims. The Debtor specifically does not concede that its revenues, accounts receivable or business proceeds constitute cash collateral subject to creditors' liens. The order is available at http://bankrupt.com/misc/LEACHPAINTING_ICCOrder.pdf Leach Painting employs 36 full-time workers, maintains an annual payroll exceeding $3 million, and generated approximately $6.4 million in revenue during 2025. The Debtor experienced severe cash flow disruptions after defaulting on loans from several hard-money lenders. Creditors pursued lawsuits and collection actions, including attempts to intercept payments owed by customers, which caused the Debtor's revenues to be withheld and interrupted its ability to pay ordinary expenses. Despite these difficulties, the Debtor expects to generate roughly $6.2 million in revenue over the next year and reports approximately $506,000 in collectible accounts receivable. About Leach Painting Inc. Leach Painting, Inc. is a family-owned and operated painting contractor founded in 1975 and serving the Phoenix Metro Area in Arizona. The company provides residential painting services, including interior, exterior, electrostatic, and wrought iron painting. Its additional services include specialty coatings, paint removal, pressure washing, drywall repairs, garage floor coating, and gate refinishing. Leach Painting sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04726) on May 12, 2026, with up to $1 million in assets and up to $10 million in liabilities. Kristofer S. Hammon, president and chief executive officer, signed the petition. Eli Enger, Esq., at Udall Shumway PLC, represents the Debtor as legal counsel. LEGACY WORLDWIDE: Hires Rountree Leitman Klein & Geer as Counsel ---------------------------------------------------------------- Legacy Worldwide, L.L.C. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as legal counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; (b) prepare on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; (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 as Debtor-in-Possession that may be necessary herein. The firm's attorneys will bill at hourly rates ranging from $375 to $645. Paralegals and support staff will bill at hourly rates ranging from $175 to $250. RLKG received a pre-petition retainer of $50,000, of which $7,311.50 was applied to pre-petition fees and expenses, leaving a balance of $42,688.50. RLKG may make periodic applications for interim compensation. Rountree, Leitman, Klein & Geer, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Will B. Geer, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wgeer@rlkglaw.com About Legacy Worldwide LLC Legacy Worldwide, LLC operates an advertising firm providing traditional and digital marketing services, including media buying, script-to-screen production, and creative services, and is solely owned by Damon Davis. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-52753) on March 1, 2026. In the petition signed by Damon Davis, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Honorable Judge Lisa Ritchey Craig oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. LEISURE INVESTMENTS: Says Ex-CEO Diverted Funds for Miami Penthouse ------------------------------------------------------------------- James Nani of Bloomberg Law reports that marine entertainment company Dolphin Co. has filed suit to recover money it says was improperly diverted to fund a high-end penthouse in Miami associated with former chief executive Eduardo Albor. The company alleges that millions of dollars were transferred away from the business through improper transactions that harmed creditors. Court papers filed in Delaware accuse several Albor-affiliated entities of receiving at least $2 million in funds originating from Dolphin. The complaint alleges the transfers took place during a period of mounting financial difficulties and continued even after the company sought bankruptcy protection in March 2025. According to the debtors, the transactions reflected a pattern of self-dealing and concealment intended to benefit insiders. The company contends that the transfers were unauthorized and that assets belonging to the estate were improperly redirected for personal or affiliated-party purposes rather than legitimate business needs. Dolphin is asking the bankruptcy court to avoid the disputed transfers and require repayment of the funds. The case could play an important role in determining whether additional assets can be recovered for the benefit of creditors and other stakeholders in the bankruptcy proceedings, the report states. About Leisure Investments Holdings Leisure Investments Holdings LLC and affiliates are operating under the name "The Dolphin Company," manage over 30 attractions, including dolphin habitats, marinas, water parks, and adventure parks, located in eight countries across three continents. Their primary operations are based in Mexico, the United States, and the Caribbean, with locations in Jamaica, the Cayman Islands, the Dominican Republic, and St. Kitts. These attractions are home to approximately 2,400 animals from more than 80 species of marine life, including a variety of marine mammals such as dolphins, sea lions, manatees, and seals, as well as birds and reptiles. As of 2023, the marine mammal population at the Debtors' parks includes roughly 295 dolphins, 51 sea lions, 18 manatees, and 18 seals. Leisure Investments Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case 25-10606) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors tapped Robert S. Brady, Esq., Sean T. Greecher, Esq., Allison S. Mielke, Esq., and Jared W. Kochenash, Esq. as counsels. The Debtors' restructuring advisor is RIVERON MANAGEMENT SERVICES, LLC. The Debtors' Claims & Noticing Agent is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. LENA BRANDS: Gets Extension to Access Cash Collateral ----------------------------------------------------- Lena Brands, LLC and affiliated debtors received another extension from the U.S. Bankruptcy Court for the District of Delaware to use cash collateral. The court entered a second interim order authorizing the Debtors to use cash collateral to pay their expenses in accordance with an approved budget. The Debtors may deviate from the budget by up to 15% of total budgeted disbursements without triggering a default. The Debtors were initially allowed to access cash collateral under the court's May 20 interim order. US Foods, Inc., a secured creditor, asserts a security interest in personal property under a 2024 credit application and a 202 promissory note while Libertas Funding, LLC, a merchant cash advance lender, asserts liens on certain assets under its MCA agreements with the Debtors. US Foods will be granted adequate protection through replacement liens on certain post-petition assets of the Debtors and a superpriority administrative expense claim in case of any diminution in the value of its collateral. The second interim order grants no adequate protection to Libertas. The MCA lender reserves the right to seek adequate protection, object to cash collateral use, and assert priority over US Foods and other creditors. The order is available at http://bankrupt.com/misc/LenaBrands_2ICCOrder.pdf The court scheduled a final hearing for June 17 and set a June 10 deadline for filing objections. Lena Brands and affiliated debtors -- Lena Holdings, LLC and Lena Real Estate Holdings, LLC -- operate approximately 12 Coco's Bakery and Shari's family-dining restaurants across California, Washington, and Idaho. The Debtors acquired the restaurant brands in October 2024 through an assignment for the benefit of creditors transaction and assumed substantial liabilities, including unpaid rent, tax obligations, and merchant cash advance financing obligations. To support operations, the Debtors entered into multiple MCA agreements, causing their debt burden to expand to more than $5 million and contributing to severe liquidity problems. A major issue prompting the bankruptcy filing involved frozen receivables held by Stripe, the payment processor for GrubHub and DoorDash. Certain junior MCA lenders filed UCC financing statements against both the debtors and Stripe, resulting in roughly $700,000 in frozen delivery-platform funds. The Debtors said these funds are estate property and intend to file adversary proceedings seeking turnover and emergency relief to regain access to the money. There are also competing secured claims involving Libertas, US Foods and various junior MCA lenders. Libertas is treated as the senior secured creditor with approximately $1.66 million owed although the collateral value is estimated at only $650,000, making Libertas undersecured. About Lena Brands Lena Brands, LLC, doing business as Coco's Bakery, Inc. and Shari's, operates family-style restaurant and bakery brands with roots dating to 1948 for Coco's in Corona Del Mar, California, and 1978 for Shari's in Hermiston, Oregon. The company's restaurant concepts offer American and Northwest comfort food. Its brands support dine-in service and, where available, curbside pickup, delivery, and select outdoor dining ordering options. Lena Brands and affiliated debtors, Lena Holdings, LLC and Lena Real Estate Holdings, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10792) on May 15, 2026. In its petition, Lena Brands reported total assets of $1 million to $10 million and total liabilities of $10 million to $50 million. The petition was signed by Samuel Nicholas Borgese as sole member and owner. Judge Thomas M. Horan oversees the cases. The Debtors' counsel is Mette H. Kurth, Esq., at Pierson Ferdinand, LLP. LEXORA INC: Gets Fifth Interim OK for Post-Petition Factoring Deal ------------------------------------------------------------------ Lexora Inc. received fifth interim approval from the U.S. Bankruptcy Court for the Southern District of New Dork to enter into a post-petition factoring arrangement with SouthStar Financial, LLC. Under the fifth interim order, the Debtor is authorized to sell up to $150,000 in accounts receivable to SouthStar from May 28 to June 4. The receivables sold under the post-petition factoring arrangement become the sole property of SouthStar and are transferred free and clear of liens and claims pursuant to Section 363(f) of the Bankruptcy Code. The Debtor was previously allowed under the court's May 20 order to sell up to $150,000 in accounts receivable to SouthStar through May 28. To secure the Debtor's obligations under the factoring arrangement, the court granted SouthStar first-priority post-petition liens on and security interests in substantially all pre-petition and post-petition assets of the Debtor, excluding certain carveouts such as U.S. trustee fees, limited Chapter 7 trustee fees, avoidance actions, and assets subject to purchase money security interests. The court further granted SouthStar superpriority administrative expense status under Section 364(c)(1) of the Bankruptcy Code, giving its claims priority over most other administrative expenses. In addition, the court granted replacement liens to SouthStar and two other secured creditors -- Dime Community Bank and Libertas Funding, LLC -- to protect against any diminution in the value of their collateral. The court also lifted the automatic stay to permit SouthStar to collect directly on accounts receivable sold before and after the Debtor's bankruptcy filing, file financing statements, enforce remedies upon default, and recover fees and expenses under the factoring arrangement. Under the fifth interim order, the Debtor is also authorized to continue using cash collateral until it is terminated upon an event of default such as the dismissal or conversion of its Chapter 11 case, confirmation of a bankruptcy plan, uncured defaults, or cessation of operations. A final hearing is scheduled for June 9, with objections due by June 4. The order is available at http://bankrupt.com/misc/LEXORAINC_5thICCOrder.pdf About Lexora Inc. Lexora Inc., founded in 2009 and headquartered in New York, sells bathroom and kitchen products through online and showroom channels. It offers vanities, bathtubs, faucets, mirrors, lighting, and related accessories, and it also works with factories in Asia to develop and source its product lines. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10751) on April 6, 2026, with $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. Andrey Bogan, in his capacity as president, signed the petition. Robert L. Rattet, Esq., at avidoff Hutcher & Citron, LLP represents the Debtor as legal counsel. LITHOTYPE COMPANY: Court Extends Cash Collateral Access to June 5 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, entered a fourth interim order authorizing Lithotype Company Inc. to use cash collateral to fund operations. The authorization is temporary, covering the period from May 1 through June 5, pending a final hearing. Under the fourth interim order, the Debtor is authorized to use funds strictly in line with a court-approved budget. The Debtor cannot exceed budget line items or total spending by more than 10%, nor shift funds between categories without consent from Old National Bank or the court. Moreover, cash collateral cannot be used to pay professional fees unless specifically approved. All incoming cash, including receivables must be deposited into a debtor-in-possession account maintained at Old National Bank, and no other bank accounts are permitted without approval. To protect the bank's interests, the Debtor is required to make payments, including a prior $50,000 payment and an additional $25,000 payment. If unpaid, the bank may directly debit the DIP account. As additional protection, Old National Bank will be granted replacement liens on post-petition assets such as cash, receivables, and inventory, maintaining the same priority as its pre-petition liens. The Debtor must also maintain insurance and name the bank as loss payee. The order requires weekly reporting, including cash flow statements, receivables data, and bank statements, giving Old National Bank full visibility into operations. Any default such as unauthorized spending, reporting failures, or insurance lapses triggers a seven-day cure period, after which the bank can seek to terminate cash collateral use or lift the automatic stay. A final hearing is scheduled for June 2. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/OQ4yz from PacerMonitor.com. Old National Bank, as lender, is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com About Lithotype Company Inc. Lithotype Company Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-02207) with $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by John E. Gerba as director of finance. Judge Daniel R. Fine oversees the case. The Debtor is represented by: Scott R. Clar, Esq. Crane, Simon, Clar & Goodman 312-641-6777 sclar@cranesimon.com LIVECONNECTIONS.ORG: U.S. Trustee Flags Missed Chapter 11 Reports ----------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that the Chapter 11 case of World Cafe Live is facing a new challenge after the U.S. Trustee's Office moved to dismiss the proceedings over alleged reporting failures. The Philadelphia nonprofit operates a well-known live music and entertainment venue. According to the trustee, the debtor failed to file monthly operating reports as required under bankruptcy rules. These reports provide critical information regarding revenue, expenses, cash flow, and overall financial condition during the restructuring process. The trustee maintains that the failure to submit the reports constitutes sufficient cause for dismissal. The motion now leaves World Cafe Live at risk of losing bankruptcy protection unless it remedies the deficiencies and satisfies the court's reporting requirements, the report states. About LiveConnections.org LiveConnections.org, doing business as World Cafe Live, operates as Pennsylvania non-profits and functions as a prominent independent music venue, educational hub, and community space in Philadelphia. Real Entertainment-Philadelphia, LLC serves as the operational subsidiary. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 26-10973) on March 10, 2026. At the time of the filing, LiveConnections.org disclosed up to $10 million in both assets and liabilities. Judge Ashley M. Chan oversees the cases. Albert A. Ciardi, Esq., at Ciardi Ciardi and Astin, represents the Debtors as legal counsel. LOIS MIRIAM: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------- Lois Miriam, LLC asks the U.S. Bankruptcy Court for the Western District of Washington, Seattle, for authority to continue using cash collateral and provide adequate protection, through the earlier of confirmation of its reorganization plan or June 29, 2026. The court previously granted interim and final authority for the Debtor to use cash collateral, but that authorization expired on May 11, 2026. The business is facing immediate operational strain because it no longer has authority to use its available cash. As of the filing date, the Debtor held approximately $32,808 in cash and no accounts receivable or cash equivalents. The Debtor identifies two secured lenders with asserted liens on its assets: OnDeck, which claims approximately $75,704 and holds the senior secured position, and Vox Funding, which claims approximately $77,387 as a junior secured creditor. The Debtor contends that continued use of cash collateral is essential to maintain operations, especially to meet an upcoming payroll obligation due on May 22, 2026. Failure to pay employees and operating expenses could result in irreparable harm to the business, loss of customers and vendors, and a decline in estate value. To adequately protect OnDeck, the Debtor proposes granting replacement liens on post-petition cash and receivables, continuing monthly adequate protection payments of $1,000, and providing financial reporting upon request. The Debtor also seeks authority to operate under a twenty-week amended budget and exceed budgeted amounts by up to 15% if necessary. A copy of the motion is available at https://urlcurt.com/u?l=HW9xJ1 from PacerMonitor.com. About Lois Miriam LLC Lois Miriam, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-10402) on February 9, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Timothy W. Dore oversees the case. The Debtor is represented by Steven M. Palmer, Esq., at Cairncross & Hempelmann, P.S. LOVO INC: AI Voice Firm Seeks Ch. 7 Bankruptcy Amid Copyright Suit ------------------------------------------------------------------ Vince Sullivan of Law360 Bankruptcy Authority reports that Lovo Inc., an AI-powered voice synthesis company, has entered Chapter 7 bankruptcy in New York as it continues to battle a putative class action accusing it of exploiting voice actors' recordings to develop artificial intelligence-generated voices. The case highlights the increasing legal scrutiny facing AI companies that rely on human-generated content and likenesses. According to the lawsuit, voice actors contend that their voices were used to train or create synthetic voice models without adequate consent. The plaintiffs argue that the company profited from digital reproductions of their voices while depriving them of compensation and control over how their performances were used. The Chapter 7 filing signals that Lovo intends to liquidate rather than reorganize its operations. A court-appointed trustee will oversee the sale of assets and the administration of claims, while the pending litigation could become part of the broader creditor recovery process, the report relays. About Lovo Inc. Lovo Inc. is a technology company specializing in generative artificial intelligence and voice synthesis solutions. Its platform allows businesses, creators, and enterprises to generate realistic AI voices and voiceovers for a wide range of commercial and creative uses. Lovo Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11249) on May 27, 2026. Honorable Bankruptcy Judge Lisa G. Beckerman handles the case. The Debtor is represented by Brian Powers, Esq. of Rimon P.C. LUCERO LLC: Has Until July 10 to Use Cash Collateral ---------------------------------------------------- Lucero, LLC has been given until July 10 to use the cash collateral of its secured creditors to fund its operations. Under the order entered by the U.S. Bankruptcy Court for the Northern District of California, San Francisco Division, the Debtor is authorized to use cash collateral to pay operating expenses in accordance with its monthly budget, subject to a variance of up to 10% per month. Any unused budget amounts can roll over and increase the following month's available funds. As adequate protection for any diminution in value of their collateral, secured creditors will be granted replacement liens on all post-petition property acquired by the Debtor, with the same priority, validity, and extent as their pre-petition liens. These replacement liens do not apply to Chapter 5 avoidance actions and remain subordinate to compensation and expense claims of any trustee and estate professionals. Lucero's cash collateral consists of rental income from a portfolio of residential and commercial properties. The Debtor's estate is valued at approximately $11.5 million in real property assets, offset by roughly $5.4 million in secured debt. Secured creditors include Kerry Welsh, Trustee of Stedgh Trust, Ben Ishi Hai Inc., San Francisco Tax Collector, and PKN Investments, LLC. The Debtor believes these secured creditors are "oversecured" and, thus, protected by substantial equity cushions (ranging from 20% to 73%). About Lucero LLC Lucero LLC provides services related to real estate, including property management, real estate appraisal, and other support services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-30160) on February 25, 2026. In the petition signed by Henry Richard Lucero, co-managing member, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Dennis Montali oversees the case. Matthew D. Metzger, Esq., at Belvedere Legal, P.C., represents the Debtor as bankruptcy counsel. MADRONE - MS STUDENT: S&P Assigns 'BB+' Rating on Revenue Bonds --------------------------------------------------------------- S&P Global Ratings assigned its 'BB+' long-term rating to Development Authority of Fulton County, Georgia's $136.7 million series 2026A-1 (senior), $450,000 2026A-2 taxable (senior), and $10.4 million 2026B (subordinate) student housing revenue bonds issued for Madrone - MS Student Housing I LLC. The outlook is stable. S&P said, "We analyzed the project's environmental, social, and governance (ESG) credit factors pertaining to its demand, management and governance, and financial performance. We view the project's ESG factors as neutral in our credit rating analysis. "The stable outlook reflects our expectation that during the outlook period, construction will progress on time and within budget. "We could consider a negative rating action if there are cost overruns or construction delays that inhibit the project's ability to open on time. Beyond the outlook period, we could consider a negative rating action if occupancy is materially weaker than projected, pressuring the project's ability to meet covenanted coverage. "We do not expect to raise the rating or revise the outlook to positive during the outlook period as the project will be under construction. Beyond the outlook period, an established trend of strong occupancy and DSC over 1.2x on all debt obligations could lead to a positive rating action." MAKIIN LLC: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The United States Bankruptcy Court for the Southern District of Texas, Houston Division, entered an interim order granting MaKiin LLC's emergency motion to use cash collateral. The debtor may exceed individual budget line items by up to 10% cumulatively, provided total expenditures do not exceed the overall budget by more than 10%, and unused budgeted amounts may be reallocated within operations. As adequate protection for secured creditors, the court granted replacement liens on post-petition cash, receivables, and similar proceeds to the same extent and priority as prepetition liens, up to $55,419.10, representing the asserted value of the cash collateral. The debtor is also required to establish a $20,000 reserve fund from excess operating funds and supplemental contributions from representative Warattayar Srasrisuwan to help satisfy secured creditor obligations under a future plan of reorganization. The debtor must also act prudently to preserve the value of the business as a going concern. The order preserves all creditor rights and expressly states that it does not determine the validity, extent, or enforceability of any liens or claims. It also establishes a carve-out subordinating secured creditor liens to certain administrative expenses, including court fees, U.S. Trustee fees, trustee expenses capped at $15,000, Subchapter V trustee fees, and court-approved professional fees. The protections granted to secured creditors survive dismissal or conversion of the case unless modified by future orders. The court also enforced and modified the automatic stay to prohibit collection actions against both the debtor and its representative, Warattayar Srasrisuwan, during the reorganization process. Any account freezes, levies, or restrictions on their financial accounts must be lifted immediately unless otherwise ordered. The authority granted under the order terminates upon specified events, including dismissal, conversion, appointment of a trustee, confirmation of a plan, or material breach of the order. A final hearing is scheduled for June 22, 2026, with objections due by June 15, 2026. A copy of the Debtor's budget is available at https://shorturl.at/f56in from PacerMonitor.com. About MaKiin LLC MaKiin LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-33560) with $50,001 to $100,000 in assets and $1,000,001 to $10 million in laibilities. Judge Hon. Jeffrey P Norman oversees the case. The Debtor is represented by: Elias Marwan Yazbeck The Law Office Of Elias M. Yazbeck, PLLC Tel: 281-755-7320 Email: elias@yazbecklaw.com MAPLE TREE: Employs Kemp Tax Services as Accountant and Bookkeeper ------------------------------------------------------------------ Maple Tree Metalworks LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Alabama to employ Michele Kemp of Kemp Tax Services as a certified tax preparer, accountant, and bookkeeper. Ms. Kemp will provide these services: (a) perform general accounting and bookkeeping services for the Debtor-in-Possession and/or bankruptcy estate; (b) assist with preparing and filing income tax returns with the Alabama Department of Revenue and the Internal Revenue Service; (c) provide ongoing accounting and bookkeeping support as requested during the pendency of the bankruptcy case; and (d) perform other related financial and recordkeeping tasks necessary for case administration. Michele Kemp will be compensated at an hourly rate of $50. Data entry, photocopies, and phone calls are included in the hourly rate. Travel expenses, if applicable, are billed at the prevailing IRS mileage rate. Kemp has not received any prepetition retainer for the requested employment. Ms. Kemp is disclosed as a "disinterested" professional as that term defined in the Bankruptcy Code and does not hold or represent any interest adverse to the Debtor-in-Possession or its bankruptcy estate and has no known connections to creditors or other estate parties, according to court filings. The firm can be reached at: Michele Kemp Kemp Tax Services Slocomb, AL 36375 About Maple Tree Metalworks LLC Maple Tree Metalworks, LLC is a specialty metal fabrication business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-10441) on April 16, 2026. In the petition signed by Marcus Carroll, member, the Debtor disclosed up to $100,000 in assets and up to $500,000 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. MARTEZ INC: Case Summary & 19 Unsecured Creditors ------------------------------------------------- Debtor: Martez, Inc. 786 Decker Place Paramus, NJ 07652 Business Description: Martez, Inc. is a real estate holding company with residential and mixed-use properties in Hudson County, New Jersey. Its portfolio includes properties in West New York, Weehawken and Guttenberg, including 6408-6410 Polk Street, 6300 Bergenline Avenue, 99 Clifton Terrace and 83 68th Street. Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-15929 Debtor's Counsel: Mark J. Politan, Esq. POLITAN LAW, LLC 88 East Main Street, #502 Mendham, NJ 07945 Tel: 973-768-6072 E-mail: mpolitan@politanlaw.com Total Assets: $5,501,752 Total Liabilities: $231,092 The petition was signed by Carlene Hernandez as officer. A full-text copy of the petition, which includes a list of the Debtor's 19 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JRVFILQ/Martez_Inc__njbke-26-15929__0001.0.pdf?mcid=tGE4TAMA MARTIN’S DISPOSAL: Gets Final OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Kentucky, Bowling Green Division, entered a final order authorizing Martin's Disposal LLC's use of cash collateral. Under the order, the debtor may use cash collateral in accordance with the Supplemental Budget filed with the motion. The use of funds is subject to reasonable variances and applies to expenses as they become due and payable, allowing the debtor flexibility to meet day-to-day operational obligations. To provide adequate protection for secured creditors, the Court preserved the interests of Commercial Credit Group, QuickCapital LLC, and Fundfi Merchants Funding, LLC. These creditors are deemed to retain continuing security interests in the debtor's accounts to the extent that such interests existed in the cash collateral prior to the commencement of the bankruptcy case. Martin's Disposal LLC Martin's Disposal LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ken. Case No. 26-10250) with $500,001 to $1 million in assets and $1,000,001 to $10 million in laibilities. Judge Hon. Joan A Lloyd oversees the case. The Debtor is represented by: Robert C. Chaudoin Tel: 270-842-5611 Email: chaudoin@harlinparker.com MAYFLOWER CHOICE: Seeks Cash Collateral Access ---------------------------------------------- Mayflower Choice Care, Inc asks the U.S. Bankruptcy Court for the District of Maryland for authority to use cash collateral and provide adequate protection. The U.S. Small Business Administration is identified as the Debtor's sole secured creditor as a result of a prepetition Economic Injury Disaster Loan made during the COVID-19 pandemic. The SBA perfected its security interest through a blanket UCC-1 filing with the Maryland Department of Assessments and Taxation. Under the loan documents, the SBA's lien extends to substantially all of the debtor’s assets, including inventory, equipment, accounts receivable, deposit accounts, healthcare insurance receivables, software, general intangibles, proceeds, and after-acquired property. As of the bankruptcy filing date, the debtor owed approximately $625,290 on the SBA obligation. MCCI operates a pediatric home healthcare and private duty nursing business licensed by the Maryland Department of Health and Mental Hygiene. Most of its revenue comes from Medicaid reimbursements for in-home nursing services provided to pediatric patients. The Debtor explains that its financial distress arose from several converging factors, including a shortage of nurses willing to travel to rural areas of Maryland, state budget cuts, delays caused by Maryland's implementation of a new electronic visit verification payment system, and a decline in patients because many undocumented families became reluctant to seek services or remain visible within government systems. These operational and economic difficulties caused the Debtor to fall behind on its SBA loan obligations. After the loan default, the SBA allegedly began offsetting Medicaid reimbursements otherwise payable to the debtor, severely impairing MCCI's cash flow and ability to continue operations. These offsets effectively triggered the bankruptcy filing. The automatic stay imposed by the Chapter 11 case halted the offsets and allowed the debtor to regain access to incoming Medicaid revenue. The Debtor asserts that continued access to these funds is essential to maintaining operations and paying necessary expenses, particularly payroll for its 22 nurses, as well as rent, insurance, and administrative expenses. On April 14, 2026, the Debtor previously filed a request for interim authority to use cash collateral, and the bankruptcy court granted interim relief on May 5, 2026. Since then, the Debtor and SBA negotiated a consensual arrangement permitting the Debtor to continue using cash collateral nunc pro tunc from the petition date for ordinary-course operating expenses. The agreed budget authorizes expenditures for payroll, rent, insurance, professional fees, Subchapter V trustee fees, and other operating costs necessary to preserve the business. The Debtor may exceed budgeted amounts by up to 15%, except with respect to owner compensation, which is not subject to the variance allowance. As adequate protection for the SBA, the Debtor agreed to provide replacement liens and security interests in postpetition assets and proceeds that would have constituted collateral absent the bankruptcy filing. The Debtor contends these protections are fair and sufficient to protect the SBA against any diminution in value while simultaneously preserving the business as a going concern. A copy of the motion is available at https://urlcurt.com/u?l=R8966f from PacerMonitor.com. About Mayflower Choice Care Inc. Mayflower Choice Care, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-12805) on March 17, 2026. At the time of the filing, the Debtor reported assets of up to $50,000 and liabilities of between $500,001 and $1 million. Judge Lori S. Simpson oversees the case. Gilman & Edwards, LLC is the Debtor's legal counsel. MED-RIDE INC: Unsecured Creditors to Split $55K over 5 Years ------------------------------------------------------------ Med-Ride, Inc., filed with the U.S. Bankruptcy Court for the Middle District of Tennessee a Plan of Reorganization under Subchapter V dated May 19, 2026. The Debtor is an independently owned, non-emergency medical transportation company owned and operated by its sole owner, Joseph Musoke. Mr. Musoke first became involved with the Debtor in 2022. At that time, the Debtor was an operating, licensed medical transportation company, with 74 vehicles in its fleet and a stable of drivers, that had existed and operated since 2003. Mr. Musoke decided to buy all outstanding stock in the Debtor (by and through his holding company) and operate the Debtor himself. The Debtor is an operating business capable of positive cash flows, but it has faced several serious issues that necessitate reorganization. The Debtor continues to feel the effects of the failed Moody's acquisition, and associated debt guarantees, along with the expensive secured debt financing the Debtor must service each month on depreciating assets. Through a Chapter 11, Subchapter V reorganization, the Debtor is optimistic that it can successfully reorganize and emerge from Chapter 11 through continued operations with a confirmable plan sufficient to satisfy operating expenses, fully satisfy all obligations to priority creditors, pay secured creditors the value of their collateral with interest, and pay general unsecured creditors more than they would receive in a Chapter 7 liquidation. The Debtor elected the Chapter 11 process to preserve its going concern value, continue providing its critical transportation services to elderly, disabled, and low-income Tennesseans, and remain a stable source of income for its employees. The Debtor now files this Plan of Reorganization. The Debtor's financial projections show that the Debtor will have projected disposable income of $650,506.25. The Plan provides for distributions to claimants in excess of this amount. This Plan of Reorganization under Chapter 11 of the Code proposes to pay the creditors of the Debtor from cash flow from business operations as set forth herein. Non-priority unsecured creditors holding allowed claims will receive pro rata distributions totaling $55,000.00 to the class. This Plan also provides for the payment of administrative and priority claims. Class 26 shall consist of the allowed unsecured claims not entitled to priority and not expressly included in the definition of any other class. The Plan provides a pool of $55,000.00 to be paid pro-rata to the claimholders in this class. There shall be five lump-sum payments (for a total disbursement of $55,000.00) paid prorata to the claimholders in this class as follows: * $10,000 to be paid on or before the first anniversary of the Effective Date; * $10,000 to be paid on or before the second anniversary of the Effective Date; * $10,000 to be paid on or before the third anniversary of the Effective Date; * $10,000 to be paid on or before the fourth anniversary of the Effective Date; and * $15,000 to be paid on or before the fifth anniversary of the Effective Date. Class 27 shall consist of the shares in the Debtor. Joseph Law Corporation, the holding company owned by Mr. Joseph Musoke, will retain 100% of the outstanding shares in the Debtor. The Debtor will continue to operate to generate revenue to fund the Plan. To the extent the Debtor experiences any income or expense shocks during the term of Plan performance, the Debtor shall rely on the expense reserve built into the attached budget. A full-text copy of the Plan of Reorganization dated May 19, 2026 is available at https://urlcurt.com/u?l=WIBE3w from PacerMonitor.com at no charge. Counsel to the Debtor: Henry E. Hildebrand, IV, Esq. Dunham Hildebrand Payne Waldron, PLLC 9020 Overlook Blvd, Ste 316 Brentwood, TN 37027 Phone: (629) 777-6539 Email: ned@dhnashville.com About Med-Ride Inc. Med-Ride, Inc., based in Dickson, Tennessee, provides non emergency medical transportation services, operating a mixed fleet of SUVs, minivans and passenger vans that includes 2022 to 2024 model-year Ford, GMC, Nissan, Hyundai, Kia, Honda, Chrysler and Toyota vehicles. The company supports patient transport needs for medical appointments and related healthcare travel, with fleet assets structured through a combination of owned, financed and leased vehicles. Med-Ride, Inc. in Dickson, TN, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Tenn. Case No. 26-01653) on April 8, 2026, listing $560,187 in assets and $3,052,745 in liabilities. Joseph Musoke as president, signed the petition. Judge Nancy B Kin oversees the case. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC, serves as the Debtor's legal counsel. MEDICAL SOLUTIONS: S&P Downgrades ICR to 'CCC-', Outlook Negative ----------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Omaha-based healthcare staffing company Medical Solutions Parent Holdings Inc. to 'CCC-' from 'CCC+'. At the same time, S&P lowered its issue-level rating on the company's revolver and first-lien term loan to 'CCC-' from 'CCC+' and its issue-level rating on the second-lien term loan to 'C' from 'CCC-'. S&P's '3' recovery rating on the revolver and first-lien term loan and '6' recovery rating on the second-lien term loan are unchanged. S&P said, "The negative outlook reflects our expectation the company will undertake a debt restructuring or distressed exchange in the next six months that we would view as tantamount to a default under our criteria. We believe Medical Solutions is vulnerable to the nonpayment of its debt obligations and dependent upon favorable business conditions or cash injections from its financial sponsor to meet its financial obligations. "Medical Solutions continues to underperform our expectations due to a sharp decline in its financial performance in recent years related to an industrywide decline in the demand for temporary nurse staffing. Given that our base-case forecast does not incorporate significant upside, we view the company's current capital structure as unsustainable and believe a distressed exchange or conventional default is inevitable. "In addition, we believe Medical Solutions will potentially undertake a distressed transaction in less than four months, given the upcoming maturities of its revolver and accounts-receivable securitization facility in November and September 2026, respectively. "Financial performance has been very weak. Medical Solutions has experienced a steep deterioration in its profitability over the past few years (we estimate its adjusted EBITDA margin contracted to about 4.7% for full year 2025 from 13.4% in 2022) due to declining demand for travel nurses and allied health segments, which we expect will remain soft. In addition, although the company's bill rates have declined from their peak levels during the COVID-19 pandemic, its pay rates remain high, which is significantly pressuring its profitability. "We see increased risk of a near-term debt restructuring that we would view as distressed. This reflects our expectation for a minimal improvement in the company's financial performance, as well as its persistent cash flow deficits, limited remaining liquidity, and approaching debt maturities. "We do not anticipate significant upside for the company's financial performance over the next couple of years, given the challenges in the temporary nurse staffing business. We project Medical Solutions will continue to generate large cash flow deficits and anticipate its cash interest expense will continue to far exceed its reported EBITDA, which is a trend that is not sustainable. Additionally, the company's two sources of liquidity, its cash flow revolver and accounts-receivable securitization facility, both mature in the next six months. Given Medical Solutions' ongoing cash flow deficits, significantly high adjusted leverage, and virtually zero remaining liquidity, we believe a distressed exchange or debt restructuring is inevitable." The negative outlook reflects the elevated risk that Medical Solutions will undertake a restructuring transaction or distressed exchange in the next six months due to its weak operating performance, deteriorating cash flow measures, and limited liquidity. S&P said, "We could lower our ratings on Medical Solutions if it fails to successfully refinance its 2026 maturities or announces a transaction we would view as tantamount to a default under our criteria. "We could raise our ratings on Medical Solutions if it successfully refinances and improves its performance trends such that we believe it will generate sufficient cash flow." N.K.G. CORP: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York entered an interim order authorizing N.K.G. Corp. for authority to use cash collateral. The Debtor is authorized to use cash collateral pursuant to a 30-day budget and cash-flow forecast, subject to a permitted variance allowing actual cumulative disbursements up to 20% above budgeted amounts. The debtor was permitted to use funds only for property expenses, general corporate purposes, case administration costs, and obligations approved under the order. The Debtor projects total monthly operational expenses of $37,580. Several secured creditors asserted claims against the debtor’s assets, including U.S. Bank National Association, the U.S. Small Business Administration, TD Bank, and DB Lead Source Inc. While U.S. Bank and TD Bank did not receive periodic adequate protection payments outside of future treatment under a plan of reorganization, secured parties were granted replacement liens on post-petition assets to protect against any diminution in collateral value arising from the debtor's use of cash collateral. These adequate protection liens became automatically perfected without additional filings, although creditors retained a 60-day period to challenge lien validity. The order also established termination events that could end the debtor's authority to use cash collateral, including unauthorized use of funds, dismissal or conversion of the bankruptcy case, or material modification of the order. Any termination required seven days' notice to the debtor and the U.S. Trustee. A final hearing on continued use of cash collateral was scheduled for June 17, 2026, with objections due by June 10, 2026. About N.K.G. Corp. N.K.G. Corp. provides residential construction and renovation services, including remodeling, woodwork, painting, electrical, and plumbing work. N.K.G. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-44858) on October 8, 2025, with $1 million to $10 million in assets and liabilities. Ronald Friedman, Esq., at Rimon, PC serves as Subchapter V trustee. Judge Nancy Hershey Lord presides over the case. Troy J. Lambert, Esq., at Alter & Barbaro Esq represents the Debtor as legal counsel. NEOTEK INC: Seeks Approval to Hire Lindauer & Vaughn as Counsel --------------------------------------------------------------- Neotek Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division to hire Joyce W. Lindauer of Lindauer & Vaughn to serve as legal counsel. Ms. Lindauer will provide these services: (a) provide legal representation to the Debtor in connection with its Chapter 11 case; (b) assist the Debtor in proposing a Plan of Reorganization and moving forward in the bankruptcy proceedings; (c) defend the Debtor in various matters arising in the bankruptcy case; and (d) perform other legal services necessary in the administration of the Chapter 11 case. Ms. Lindauer will receive an hourly rate of $625; Paul B. Geilich, Of Counsel, shall receive $595 per hour; and a paralegal rate of $250 per hour shall apply to Dian Gwinnup. Lindauer & Vaughn has also received a retainer of $21,738, which included a $1,738.00 filing fee, paid by the Debtor. Compensation will be on an hourly basis, plus reimbursement of actual, necessary expenses. Lindauer & Vaughn 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: Joyce W. Lindauer, Esq. Lindauer & Vaughn 117 S. Dallas Street Ennis, TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 E-mail: joyce@joycelindauer.com About Neotek Inc. Neotek Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42078) on May 11, 2026. At the time of the filing, Debtor had estimated assets of between $500,001 to $1 million and liabilities of between $500,001 to $1 million. Judge Edward L. Morris oversees the case. Lindauer & Vaughn is Debtor's legal counsel. NEW FAITH: Seeks to Hire Rountree Leitman as Legal Counsel ---------------------------------------------------------- New Faith Christian Church, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC to serve as legal counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; (b) prepare on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; (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 as Debtor-in-Possession that may be necessary herein. RLKG attorneys will be compensated at standard hourly rates ranging from $375 to $645 for attorneys and $175 to $275 for paralegals. The firm also received a $35,000 pre-petition security retainer, with a remaining balance of $30,316.50 after initial fees and filing costs. Rountree, Leitman, Klein & Geer, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and does not hold an interest adverse to the estate. The firm can be reached at: Will B. Geer, Esq. Elizabeth A. Childers, Esq. ROUNTREE LEITMAN KLEIN & GEER, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wgeer@rlkglaw.com echilders@rlkglaw.com About New Faith Christian Church, Inc. New Faith Christian Church is a church located in Stockbridge, Georgia, with listed service locations in Atlanta, Mableton, Macon, and Stockbridge. The church provides in-person and online worship services, livestream experiences, visitor connection, and new members training. Its member programming includes information on ministry vision, mission, beliefs, fellowship, partnership, and service opportunities. New Faith Christian Church, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-55957) on May 4, 2026. At the time of filing, the Debtor had estimated assets of between $10,000,001 and $50 million and liabilities of between $1,000,001 and $10 million. Rountree, Leitman, Klein & Geer, LLC is the Debtor's legal counsel. NUSSBAUM LOWINGER: NY Judge Doubts Ch.11 Eligibility of Affiliates ------------------------------------------------------------------ Emily Lever of Law360 Bankruptcy Authority reports that a New York bankruptcy court on Friday, May 29, 2026, questioned the Chapter 11 filings of two commercial real estate firms headed by Mark J. Nussbaum, signaling doubts about whether the proceedings are appropriate for entities seeking to wind down operations. The judge focused on the purpose and necessity of the bankruptcy cases. The court examined whether the debtors' objectives could be achieved outside bankruptcy and whether Chapter 11 protections are being used for reasons consistent with the Bankruptcy Code. The judge emphasized the need for a clear reorganization or value-preservation rationale when companies seek relief under Chapter 11, the report relays. While the cases remain pending, the court's comments suggest that the debtors could face challenges in obtaining future approvals unless they can demonstrate a compelling bankruptcy-related justification. The judge left open the possibility of further review as the proceedings continue, according to Law360. About Nussbaum Lowinger LLP Nussbaum Lowinger LLP is a professional services firm operating as a limited liability partnership, typically engaged in legal advisory and related services for corporate and institutional clients. Nussbaum Lowinger LLP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22383) on April 16, 2026. In its petition, the Debtor reports estimated assets of $10MMÃ¢â‚¬â€œ$50MM and estimated liabilities of $100MMÃ¢â‚¬â€œ$500MM. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Jonathan L. Flaxer, Esq. of Spencer Fane LLP. OAK-BARK CORP: Case Summary & 15 Unsecured Creditors ---------------------------------------------------- Debtor: Oak-Bark Corporation 333 Neils Eddy Road Riegelwood, NC 28456 Business Description: Oak-Bark Corporation is associated with former and retained chemical-manufacturing site assets in Riegelwood, North Carolina. The company acquired the property and retained ownership or operational responsibility for certain site assets. Portions of the property have also been owned, leased, or operated by chemical manufacturers including Hexion, Entegris, and Koch Sulfur Products. Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court Eastern District of North Carolina Case No.: 26-02352 Judge: Hon. Joseph N Callaway Debtor's Counsel: George Mason Oliver, Esq. THE LAW OFFICES OF GEORGE OLIVER, PLLC P.O. Box 1548 New Bern, NC 28563 Tel: 252-633-1930 Total Assets: $3,258,802 Total Liabilities: $1,545,555 The petition was signed by James C. Barker as president. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TC4LWLY/Oak-Bark_Corporation__ncebke-26-02352__0001.0.pdf?mcid=tGE4TAMA OLIVER ARMS: Employs Rountree Leitman Klein as Legal Counsel ------------------------------------------------------------ Oliver Arms Apartments, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Rountree, Leitman, Klein & Geer, LLC as its legal counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; (b) prepare on behalf of the Debtor necessary schedules, applications, motions, answers, orders, reports and other legal matters; (c) assist in examination of claims of creditors; (d) assist with formulation and preparation of the disclosure statement and plan of reorganization and with confirmation and consummation thereof; and (e) perform all other legal services for the Debtor as Debtor-in-Possession that may be necessary. RLKG will be compensated at its standard hourly rates, including attorneys ranging from $300 to $595 and paralegals ranging from $150 to $290. The firm received a pre-petition retainer of $22,500, with a remaining balance of $18,399 after payment of fees and the filing fee. Rountree, Leitman, Klein & Geer, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and represents that it holds no interest adverse to the Debtor or its estate, according to court filings. The firm discloses prior and current representations of related entities owned by the Debtor’s sole member, Olivia Chevannes. The firm can be reached at: William A. Rountree, Esq. Elizabeth A. Childers, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC Century Plaza I, 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wrountree@rlkglaw.com; echilders@rlkglaw.com About Oliver Arms Apartments Oliver Arms Apartments, LLC filed Chapter 11 petition (Bankr. N.D. Ga. Case No. 25-64023) on December 1, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Sage M. Sigler oversees the case. The Debtor is represented by William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, in Atlanta, Georgia. OLIVER FORREST: Hires Rountree, Leitman as Legal Counsel -------------------------------------------------------- Oliver Forrest Apartments, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as its legal counsel. The firm will provide these services: (a) giving the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; (b) preparing on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; (c) assisting in examination of the claims of creditors; (d) assisting with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) performing all other legal services for the Debtor as Debtor-in-Possession that may be necessary herein. RLKG will be compensated at standard hourly rates ranging from $150 to $595 for attorneys and law clerks, and $175 to $290 for paralegals. The firm received a pre-petition retainer of $22,500, with a remaining balance of $18,359.50 after payments of fees and filing costs. RLKG 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: William A. Rountree, Esq. Elizabeth A. Childers, Esq. ROUNTREE LEITMAN KLEIN & GEER, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wrountree@rlkglaw.com echilders@rlkglaw.com About Oliver Forrest Apartments, LLC Oliver Forrest Apartments, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64024) on December 1, 2025. In the petition signed by Olivia Chevannes, sole member, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Sage M. Sigler oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. OPTIV INC: S&P Upgrades ICR to 'CCC+', Outlook Negative ------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on Optiv Inc. to 'CCC+' from 'D', reflecting its belief that the capital structure is unsustainable, but S&P does not envision a default over the next 12 months. S&P raised its issue-level ratings on its first- and second-lien term loans to 'CCC+' and 'CCC-', respectively. The negative outlook reflects S&P's expectations for continued inadequate EBITDA interest coverage, minimal free cash flow, and very high leverage. Optiv Inc. completed the extension of its debt maturities pursuant to its previously announced transaction support agreement (TSA). The transaction alleviated imminent liquidity risk, but did not improve the long-term sustainability of the company's capital structure. The upgrade reflects Optiv's lower near-term refinancing and liquidity risk. The transaction, which extended Optiv's asset-based lending (ABL) facility, first-lien term loan, and second-lien term loan to May 2028, August 2028, and August 2029, respectively, alleviated imminent liquidity and refinancing risk associated with the original maturities. S&P still views Optiv's capital structure as unsustainable. The transaction did not otherwise improve the company's credit profile, as there was no debt or interest reduction. On the contrary, debt balances and interest expense will increase because the transaction included paid-in-kind (PIK) consent fees and a PIK coupon uplift. S&P said, "We forecast the company's leverage will improve minimally in 2026 from almost 24x in 2025, which remains very high even with significant EBITDA improvement from cost savings and other initiatives. In addition, we forecast EBITDA interest coverage will remain less than 1x through 2027. We forecast free cash flow will be roughly breakeven in 2026, potentially improving further in 2027 due to working capital improvement. "Sustainable EBITDA growth will be challenging. We forecast the company's EBITDA will improve significantly in 2026 primarily due to lower restructuring expenses and one-time expenses and realizing cost savings actioned in 2025. This primarily includes a reduction in sales support roles. We also expect the company's margin to improve by reducing discounting, revamping its sales compensation program, disciplined cost control, adopting automation, and other initiatives. The absence of near-term refinancing pressure should also help with contract renewals and winning new business. "Still, Optiv's revenue, gross profit, and EBITDA have declined each of the last three years despite double-digit growth in cybersecurity spending. Savings from past headcount reductions did not materialize as we expected. The company has historically struggled to calibrate the size of its sales force, often failing to grow profit in line with headcount growth. We believe the company's more recent actions are moving them in the right direction, but sustained EBITDA growth will be challenging "The negative outlook primarily reflects the risk that we could lower the rating if the company does not refinance its ABL revolver and first-lien term loan before they become current." S&P could lower its ratings on Optiv if its performance does not improve and: -- It is unable to refinance its debt on satisfactory terms before it becomes current in 2027, indicating a likely default within the subsequent 12 months; or -- S&P believes there is an increased likelihood it will engage in a distressed debt exchange or restructuring that it views as tantamount to default. S&P could raise its ratings on Optiv if: -- The company addresses its 2028 and 2029 debt maturities on satisfactory terms; -- EBITDA interest coverage, including noncash interest, improves comfortably above 1x; and -- S&P believes the company will improve and sustain leverage well below 10x. OSCAR ACQUISITIONCO: S&P Upgrades ICR to 'CCC', Outlook Negative ---------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on U.S.-based glass, glazing products, and related hardware provider Oscar Acquisition LLC to 'CCC' from 'SD' (selective default). S&P also raised its issue-level rating on the company's $585 million senior unsecured notes due 2030 to 'CC' from 'D'. S&P's 'CCC' rating on Oscar's secured term loan is unchanged. The negative outlook reflects S&P's view that Oscar Acquisition faces heightened risk of a liquidity crisis or default in 2026, mainly due to declining availability under its revolving credit facility (RCF) from persistent free operating cash flow (FOCF) deficits and unsustainably high leverage. Oscar AcquisitionCo following its recent distressed exchange of its senior unsecured notes. S&P still believes absent a significant, unforeseen positive development, the company is unlikely to meet its financial commitments, which heightens the risk of a default within the next 12 months. Ongoing cash flow deficits and weaker liquidity increase the risk of a liquidity event. S&P said, "We estimate a reported FOCF deficit of above $50 million in 2026 due to increased input costs and reduced demand. We expect this to further constrain Oscar Acquisition's liquidity position, while also providing minimal cushion against the company's RCF covenant." As a result, S&P believes the company will likely continue to draw on its RCF. Together with depressed EBITDA, this would result in increasing leverage and a covenant breach. Under this scenario, the company could access only $119 million under the RCF, which would cover the upcoming quarterly interest payment and principal amortization. S&P said, "In our view, Oscar Acquisition is unlikely to meet its financial commitments absent an unforeseen positive development or equity contribution from its financial sponsor, KPS Capital Partners. We believe it could default within the next 12 months either from a liquidity crisis such that it misses an interest payment or from a distressed exchange. "The negative outlook reflects our view that Oscar Acquisition faces heightened risk of a or default in 2026, mainly due to declining availability under its RCF from persistent FOCF deficits and unsustainably high leverage." S&P could lower the rating if: -- S&P believes a default, distressed exchange, or liquidity shortfall is inevitable within the next six months; or -- Oscar Acquisition announces it will miss an interest or principal payment or undertake a distressed exchange or debt restructuring. S&P could take a positive rating action on Oscar Acquisition if the company improves liquidity such that covenant headroom improves and we no longer envision a default scenario occurring within the next 12 months. PARKERVISION INC: Appoints Anthony Bowers to Board of Directors --------------------------------------------------------------- ParkerVision, Inc. disclosed in a regulatory filing that Mr. Lewis Titterton resigned from the Board of Directors and from the Audit and Compensation Committees on which he served. Mr. Titterton's resignation was due to retirement and not due to any disagreement with the Company or any matter relating to the Company's operations, policies or practices. To fill a vacancy on the board created by the retirement of Mr. Titterton, on May 19, 2026, the Board unanimously appointed Anthony Bowers to fill the vacant director position. Mr. Bowers was also appointed to the Audit and Compensation Committees of the Board. Mr. Bowers, age 69, has served as Director of Corporate Sales at Intro-act, LLC since 2017. Prior to joining Intro-act, LLC, Mr. Bowers held positions in corporate and institutional sales, including leadership roles at OTR Global and Goldman Sachs. Mr. Bowers holds an MBA in Accounting and Finance from the Wharton School and a bachelor's degree in economics from Amherst College. "We are excited to have Tony join our Board," stated Jeffrey Parker, CEO of ParkerVision. "Tony's background in corporate investor relations and institutional investing, along with his knowledge of ParkerVision's business objectives and challenges, brings a unique perspective to our Board. We look forward to his contribution as we continue to advance our international licensing program and explore future opportunities." Mr. Parker continued, "We will miss Lew's mentorship and guidance and wish him well in his retirement. As one of the Company's larger shareholders, we expect Lew will continue to remain supportive of the Company and its strategic direction." There are no arrangements or understandings between Mr. Bowers and any other persons pursuant to which he was selected as a director. There are no transactions involving Mr. Bowers requiring disclosure under Item 404(a) of Regulation S-K. Mr. Bowers will receive the Company's standard non-employee director compensation arrangements. The Company entered into its standard indemnification agreement with Mr. Bowers. About ParkerVision Jacksonville, Fla.-based ParkerVision, Inc., and its wholly-owned German subsidiary, ParkerVision GmbH is in the business of innovating fundamental wireless hardware technologies and products. The Company has designed and developed proprietary RF technologies and integrated circuits based on those technologies, and the Company licenses its technologies to others for use in wireless communication products. Atlanta, Georgia-based Frazier & Deeter, LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 23, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has losses from operations, negative operating cash flows and an accumulated deficit. These factors raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $4.5 million in total assets, $50 million in total liabilities, and $45.5 million in total shareholders' deficit. PATHFINDER AUTO: Seeks 60-Day Extension of Plan Filing Deadline --------------------------------------------------------------- Pathfinder Auto Recovery, LLC, asked the U.S. Bankruptcy Court for the Eastern District of Virginia to extend its exclusivity periods to file a plan of reorganization and disclosure statement for additional sixty days. The Debtor explains that the automobile recovery industry has experienced significant slowdowns as lenders are now willing to tolerate defaults up to 120 days before assigning defaulted loans to automobile recovery specialists, a significant increase over the 60-days defaults which was the industry norm at the time of the filing. The slowdown in assignments has adversely affected income and will directly affect projections for any plan of reorganization. The Debtor requests an extension of the exclusivity period in order to formulate a plan of reorganization with a reasonable expectation of success in the current environment. Pathfinder Auto Recovery, LLC is represented by: Paul A. Driscoll, Esq. Zemanian Law Group 223 East City Hall Avenue, Suite 201 Norfolk, VA 23510 Telephone: (757) 622-0090 E-mail: paul@zemanianlaw.com About Pathfinder Auto Recovery Pathfinder Auto Recovery, LLC, a Purple Heart Veteran-Owned business based in Portsmouth, Virginia, provides vehicle repossession and asset recovery services, including skip tracing, involuntary repossession, and asset location. It serves lenders nationwide and operates 24 hours a day, focusing on locating and recovering collateral. Pathfinder Auto Recovery sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70131) on January 19, 2026. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. The Debtor is represented by Paul A. Driscoll, Esq., at Zemanian Law Group. PHOENIX FUND: Has Deal on Cash Collateral Access ------------------------------------------------ Driven, P.S.C., the court-appointed receiver and debtor-in-possession for The Phoenix Fund LLC, and secured lender FCS Advisors, LLC d/b/a Brevet Capital Advisors advise the U.S. Bankruptcy Court for the District of Puerto Rico that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The agreement arises from a dispute over approximately $2.1 million received by the estate through a prior settlement agreement involving Blue Sky Group, LLC and José Maldonado Ortiz. Brevet asserts that the funds constitute its cash collateral under prepetition loan and security agreements executed in 2021, which allegedly granted Brevet liens on substantially all of the Fund's assets. Although the Receiver previously agreed not to use the funds without either court approval or Brevet's consent, the Receiver now seeks temporary access to the money to administer the estate, pay professionals, conduct investigations, and preserve estate value while continuing to analyze the validity and scope of Brevet's liens. Under the proposed stipulation, Brevet consents to limited use of the $2.1 million payment through May 31, 2026, subject to a court-approved budget and specified spending limits. The Receiver may use the funds only for authorized operational and administrative expenses, with limited budget variances permitted. In exchange, Brevet receives several forms of adequate protection, including a $200,000 cash payment within five business days of approval and a first-priority replacement lien on estate assets up to approximately $1.345 million. The Receiver also stipulates, solely for purposes of the interim agreement, that Brevet holds a perfected first-priority lien on the payment itself, while expressly reserving the estate’s right to later challenge Brevet's liens and claims regarding other assets. The agreement imposes detailed reporting obligations, establishes events of default, preserves rights for both parties, and requests expedited court approval with a shortened seven-day objection period because the estate currently lacks funds necessary to continue operations and fulfill fiduciary duties. A copy of the motion is available at https://urlcurt.com/u?l=7YIwS4 from PacerMonitor.com. About The Phoenix Fund LLC The Phoenix Fund LLC is a Puerto Rico based private equity firm formed in 2018 and headquartered in Guaynabo, Puerto Rico. The company focuses on making strategic equity and debt investments in privately held businesses in Puerto Rico and international markets. Phoenix Fund LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00712) on February 23, 2026. Honorable Bankruptcy Judge Enrique S. Lamoutte Inclan handles the case. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. The Debtor is represented by Alexis Fuentes Hernandez, Esq. of Fuentes Law Offices, LLC. Acrecent Financial, as secured creditor, is represented by Brian K. Tester, Esq. and Paul R. Cortés-Rexach, Esq.at McCONNELL VALDÉS, LLC. Driven, P.S.C., as receiver, is represented by Luis C. Marini-Biaggi, Esq. and Ignacio J. Labarca-Morales, Esq. at MARINI PIETRANTONI MUÑIZ LLC. FCS Advisors, LLC d/b/a Brevet Capital Advisors, as secured lender, is represented by: Margarita Mercado Echegaray, Esq. Sonia Torres, Esq. DLA Piper (Puerto Rico) LLC B7 Tabonuco Street, Suite 1501 Guaynabo, Puerto Rico 00968-3349 Telephone: (787) 945-9122 Email: margarita.mercado@us.dlapiper.com sonia.torres@us.dlapiper.co -and- Jamila Justine Willis, Esq. Malithi P. Fernando, Esq. DLA Piper LLP (US) 1251 Avenue of the Americas New York, New York 10020 Telephone: (212) 335-4500 Facsimile: (212) 335-4501 Email: jamila.willis@us.dlapiper.com malithi.fernando@us.dlapiper.com PICO-UNION HOUSING: Has Deal on Cash Collateral Access ------------------------------------------------------ Pico-Union Housing Corporation and PMF CA REIT, LLC advise the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms pf this agreement into an agreed order. The agreement arose from a November 2023 loan transaction in which PMF loaned the Debtor $1.56 million at an initial interest rate of 9.75%, secured by a deed of trust and assignment of rents against real property located at 2314 Pico Boulevard in Los Angeles. Prior to bankruptcy, the parties modified the loan by extending the maturity date from July 1, 2025 to August 1, 2026 and increasing the interest rate to 10.5% in exchange for extension fees. As of the bankruptcy petition date of March 12, 2026, the Debtor owed approximately $1,571,721, with monthly mortgage payments of $13,650. The loan documents also provided that if the loan was not paid in full by the maturity date, the interest rate would automatically increase to 19.5%. Following the bankruptcy filing, the Debtor sought authority to use cash collateral belonging to various secured creditors, including PMF, to continue operating its business and maintaining the property. The bankruptcy court initially authorized limited interim use of cash collateral, after which the parties negotiated the present stipulation. Under the agreement, the Debtor is authorized to use PMF’s collateral and cash collateral solely for ordinary and necessary operating expenses related to the property, including taxes, insurance, and monthly mortgage payments, all in accordance with an approved budget attached to the stipulation. The Debtor may deviate from the budget by up to 10% during any monthly period, and unused amounts may carry over to subsequent months. Any additional or emergency expenditures outside the budget require notice to PMF and either lender approval or court authorization. As adequate protection for the lender, the Debtor grants PMF perfected replacement liens on post-petition collateral and proceeds to the same extent and priority as PMF's prepetition liens, excluding avoidance action proceeds under Bankruptcy Code sections 547, 548, and 549. The stipulation also requires the Debtor to timely file monthly operating reports, maintain insurance coverage, preserve the property, and pay postpetition property taxes. The agreement establishes specific default provisions and termination events, including failure to make required payments, maintain insurance, comply with reporting obligations, or unauthorized use of cash collateral. Upon default, PMF may terminate the Debtor's authority to use cash collateral after notice and a cure period, or immediately upon certain triggering events such as conversion or dismissal of the bankruptcy case, appointment of a trustee, or relief from the automatic stay. A copy of the motion is available at https://urlcurt.com/u?l=0k6Sf5 from PacerMonitor.com. About Pico-Union Housing Corporation Pico-Union Housing Corporation is a Los Angeles-based nonprofit housing developer and property manager that develops, preserves, and operates affordable housing for low-and very-low-income households, primarily in the Pico-Union neighborhood and other areas of the city. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12372 on March 12, 2026. In the petition signed by Gloria Farias, executive director, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Vincent P. Zurzolo oversees the case. 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. PIONEER GREEN: Claims to be Paid from Income & Sale Proceeds ------------------------------------------------------------ Pioneer Green Farms, Inc., filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Plan of Liquidation dated May 18, 2026. The Debtor's business is growing and refining USDA certified organic hemp flowers on the real property located at 1320 33rd Street, Palmetto, FL 34221. The Debtor owns real estate located at 4625-241st Street East, Myakka, FL 34251, which is subject to a foreclosure action, which had a pending foreclosure sale date of Feb. 17, 2026. The Debtor was in the process of trying to sell the Property and had a signed contract, but would not have the ability to complete the sale prior to the scheduled foreclosure sale. The Debtor filed this Chapter 11 bankruptcy to provide the Debtor with additional time to complete the sale on the Property, pay off the existing judgment lien and reinvest the net proceeds from the sale of the Property back into the operation of the Debtor's business. Class 6 consists of all Allowed Unsecured Claims. Each holder of an Allowed Unsecured Claim shall receive its pro rata share of the Unsecured Creditor Distribution. Such payment shall be made within 30 days of the effective date. Class 6 is impaired by the Plan. Class 7 consists of all Equity Interests. The Holders of Equity Interests shall retain their Equity Interests, which shall not be affected by the Plan. The Plan shall be funded from the Debtor's ongoing business income and sale of the real property located at 4625 241st Street E. Myakka City, FL. A full-text copy of the Disclosure Statement dated May 18, 2026 is available at https://urlcurt.com/u?l=j9x2WU from PacerMonitor.com at no charge. Counsel to the Debtor: TIMOTHY W. GENSMER, P.A. Timothy W. Gensmer, Esq. 2831 Ringling Blvd., Suite 202-A Sarasota, Florida 34237 Tel: (941) 952-9377 Fax: (941) 954-5605 E-mail: tim@timgensmer.com About Pioneer Green Farms Pioneer Green Farms, Inc. owns real estate located at 4625-241st Street East, Myakka, FL 34251. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07160) on September 29, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Roberta A. Colton presides over the case. David A. Altier, at David A. Altier, P.A., is serving as the Debtor's legal counsel. PLATES RESTAURANT: Seeks to Hire Rountree Leitman as Counsel ------------------------------------------------------------ The Plates Restaurant, LLC dba Asher & Rose Grocer seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC to serve as legal counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; (b) prepare on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; (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 as Debtor-in-Possession that may be necessary. RLKG shall be compensated at standard hourly rates ranging approximately from $375 to $645 for attorneys and $175 to $275 for paralegals. The firm also received a $35,000 pre-petition security retainer, with $28,630 remaining after fees and filing costs were paid. Rountree, Leitman, Klein & Geer, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: William A. Rountree, Esq. Elizabeth A. Childers, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wrountree@rlkglaw.com echilders@rlkglaw.com About The Plates Restaurant LLC The Plates Restaurant, LLC operates an upscale grocery, farm-to-table restaurant, and catering concept known as Asher & Rose Grocer. It conducts business under the name Asher & Rose Grocer. Plates Restaurant sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-56170) on May 7, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Greg Lipman, chef, manager and authorized agent, signed the petition. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. PLAZA CONTINENTAL: Hires Raines Feldman as Bankruptcy Counsel ------------------------------------------------------------- Plaza Continental Group LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Raines Feldman Littrell LLP as general bankruptcy counsel. The firm will provide these services: a. 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 that may affect the Debtor; b. assist the Debtor in preparing and filing any necessary amendments to its schedules and statement of financial affairs, complying with and fulfilling U.S. Trustee requirements, and preparing other documents as may be required after the initial filing of the chapter 11 case; c. assist the Debtor with the identification and recovery of property of the estate; d. assist the Debtor with refinance of the loans or a sale of the Property; e. assist the Debtor in the preparation of a disclosure statement and formulation of a chapter 11 plan of reorganization or, if appropriate, seeking a structured dismissal of the case; f. advise the Debtor concerning the rights and remedies of the estate and the Debtor in regard to adversary proceedings that may be removed to, or initiated in, the Bankruptcy Court; g. represent the Debtor in any proceeding or hearing in the Bankruptcy Court in any action where the rights of the estates or the Debtor may be litigated or affected; and h. provide such other services as may be necessary or otherwise arise during the pendency of this case. The firm will be paid at these rates: Kyra E. Andrassy $850 per hour Robert Yan $795 per hour Stephen M. Mott, an associate $595 per hour Bambi Clark, paralegal $495 per hour Connie-Marie Santiago, paralegal $325 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Kyra E. Andrassy, 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: Kyra E. Andrassy, Esq. Raines Feldman Littrell LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Telephone: (310) 440-4100 Facsimile: (310) 691-1943 About Plaza Continental Group LLC Plaza Continental Group LLC is a California-based company engaged in real estate investment and management, likely overseeing commercial or mixed-use properties. Plaza Continental Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10986) on March 30, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 Million to $50 million. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by William J. Wall, Esq. of Wall & Son. POLAR POWER: Loss Narrows to $178K; Eviction Threatens Operations ----------------------------------------------------------------- Polar Power, Inc. has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $178,000 for the three months ended March 31, 2026, compared to a net loss of $1,265,000 for the same period in the prior year. For the nine-month period ended March 31, 2026, the Company reported a net loss of $5.1 million, compared to a net loss of $5.5 million in the corresponding prior-year period. Net sales for the three months ended March 31, 2026 were $1,728,000, compared to $1,723,000 in the prior-year period. Going concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. In accordance with Accounting Standards Codification 205-40, Going Concern, the Company's management has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the accompanying financial statements were issued. For the three months ended March 31, 2026, the Company recorded a net loss of $178,000 and used cash in operations of $2,191,000. In addition, our independent registered public accounting firm, in its audit report to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025, expressed substantial doubt about our ability to continue as a going concern. The Company manufactures and assembles its DC power systems at two production facilities located in Gardena, California. It is currently delinquent in rent payments to its landlords for office and warehouse facilities. The landlord for its headquarters and manufacturing facility at 249 E. Gardena Blvd., Gardena, California filed a summons for eviction on October 24, 2025. On February 23, 2026, the landlord stopped the actions for eviction and continued discussions with the Company to resolve the delinquent rents and expired lease agreement. The Company expects to be in the position to make significant payment towards the delinquent rents in the near term and/or provide a payment plan mutually agreeable to both parties. The landlord for the other facility for which the Company is delinquent on rent, has not served the Company any legal documents or assessed late fees for the delinquent rent. However, they may do so in the future. The Company is also negotiating with this landlord on a payment plan for the delinquent rent. During the first quarter of 2026, the Company paid $206,000 towards its past due lease obligations reported as of December 31, 2025. On May 11, 2026, the Company entered into a Settlement Agreement with the landlord for each of its headquarters facility and its warehouse facility that became effective as of May 7, 2026. The Settlement Agreement addressed the matter of delinquent rents and an expired lease. Regarding the Company's headquarters facility, the Company agreed to make immediate payment of $400,000 towards past due rents, and the landlord agreed to cease eviction procedures. The landlord also agreed to extend the property lease commencing June 1, 2026, to April 1, 2027, and reduce the monthly rent from $84 to $55. Regarding the warehouse facility, the Company agreed to vacate the facility by August 31, 2026 and leave the premises in the condition required by the relevant lease agreement; in exchange, the landlord agreed to waive rents for the months of June, July, and August 2026. Each landlord reserved the right to charge for any waived rents or continue with eviction action should the Company fail to meet the requirements listed in the Settlement Agreement. The Company also may have to pay liquidated damages if it fails to vacate the properties in the event either or both landlords decide to exercise their rights for eviction. As of May 19, 2026, the Company had not made a payment per the Settlement Agreement, and on May 19, 2026, the landlord for the Company's headquarters facility evicted the Company from that facility. The headquarters facility is where the Company, among other things, has its offices, conducts design work, and assembles and tests it products. The Company is currently relocating these activities to its warehouse facility. The Company is continuing its operations, but expects there to be disruptions and difficulties with this change. Further, if the landlord for the warehouse facility were to evict the Company from that facility, the Company could have difficulty finding an appropriate location from which to operate its business, which would have a material adverse effect on its operations, financial results and financial condition. As of May 20, 2026, the Company is pursuing third-party financing that it would use to pay the landlords and certain other expenses. There is no guarantee that Company will raise sufficient capital to pay the delinquent rent or that the landlord for the headquarters facility would agree to let the Company use that facility if the Company were to pay the rent. It is possible that the Company will be forced to vacate from both facilities, and if that happens, it may have difficulty securing new headquarters, or new manufacturing or warehouse facilities that are adequate. Our production could be significantly delayed, access to our inventory could be impaired, and our operations could halt for a significant period of time. As of March 31, 2026, the Company was delinquent in $858,000 of rent to these landlords which is included in accounts payable. Effective September 30, 2020, the Company entered into a loan agreement with Pinnacle Bank which will expire on September 30, 2026. The Loan Agreement, as amended, provides for a revolving credit facility under which Pinnacle may, in its sole discretion upon the Company's request, make advances to us up to $7,500,000 subject to certain limitations and adjustments. The Loan Agreement contains certain affirmative and negative covenants. At March 31, 2026, and December 31, 2025, the Company was not in compliance with the affirmative covenant requiring the Company to attain a minimum effective tangible net worth greater than $6,000,000. On March 10, 2026, the Company and Pinnacle executed a Notice of Additional Defaults and Forbearance Agreement, in which Pinnacle agrees to forbear from exercising certain rights and remedies under the Loan Agreement and related documents arising from the Specified Existing Defaults for the period commencing March 10, 2026, to July 31, 2026, considering the Company: 1) on or prior to the Effective Date, pays Pinnacle the amount of $250,000, 2) on or prior to the Effective Date, assigns to Pinnacle new Eligible Accounts in the aggregate amount of at least $185, with 85% of the Net Face Amount (as defined by the Forbearance Agreement) of such new Eligible Accounts (as defined by the Forbearance Agreement) to be applied to reduce the loan obligations, 3) within forty-five (45) days of the Effective Date, reduce the loan obligations by the aggregate amount of $225, which reduction can result from a cash payment or the assignment of sufficient new Eligible Accounts, with 85% of the Net Face Amount of such new Eligible Accounts to be applied towards such reduction amount, 4) does not create any new events of default, 5) pays in full all obligations to Pinnacle by the Termination Date. If the Company timely complies with all terms listed above, and so long as the Forbearance Termination Date has not occurred, Pinnacle agrees that it will re-commence making Advances to the Company in the amount equal to 42.5% of the Net Face Amount of the thereafter arising Eligible Accounts, with the remaining 42.5% of the Net Face Amount of such Eligible Accounts to be applied to reduce the then outstanding obligations. In March 2026, the Company paid $250 to Pinnacle and timely complied with the requirements under the Forbearance Agreement and commenced taking advances at 42.5% of the Net Face Amount of Eligible Accounts on March 12, 2026. While the Company expects to stay in compliance and pay the full obligation to Pinnacle by July 31, 2026, there is no guarantee that the Company will be able to do so. If the Company is unable to comply with the Loan Agreement, or pay the full obligation to Pinnacle by the July 31, 2026, Pinnacle may immediately enforce its claims, rights, liens, and security interests under the Forbearance Agreement and the Loan Documents, including but not limited to, taking possession of its collateral, or any portion thereof, and foreclosing upon its collateral, or any portion thereof, in accordance with the Loan Documents and applicable law. On October 6, 2025, the Company entered into an ATM sales agreement with ThinkEquity LLC, pursuant to which the Company may offer and sell, from time to time through the Sales Agent, shares of the Company's common stock, par value $0.0001 per share, up to a maximum amount as set forth in the Sales Agreement, subject to the terms and conditions of the Sales Agreement. The Company filed a prospectus supplement to its registration statement on Form S-3 (File No. 333-276705) offering the Shares up to an aggregate offering price of up to $2,382,000. As of December 31, 2025, the Company sold 166,127 shares of Common Stock in the ATM Offering at a weighted-average price of $4.70 per share, for net proceeds of $757,000, after deducting commissions to the sales agent and other ATM Offering related expenses of $23,000. On December 12, 2025, the Company filed a prospectus supplement to its registration statement on Form S-3 (File No. 333-276705) to increase the amount of shares of Common Stock that the Company may offer and sell under the Sales Agreement and applicable registration statement to an aggregate offering price of up to $2,500,000, which amount does not include the shares of Common Stock having an aggregate gross sales price of approximately $757 that were sold under the ATM Offering through December 11, 2025, in accordance with the limitations set forth in Instruction I.B.6 of Form S-3. During the three months ended March, 31, 2026, the Company sold 962,500 shares of Common Stock in the ATM Offering at a weighted-average price of $2.60 per share, for net proceeds of $2,424,000, after deducting commissions to the sales agent and other ATM Offering related expenses of $75,000. On December 23 2025, the Company entered into a business loan and security agreement with World Wide Capital Management, pursuant to which the Company borrowed net proceeds of $399,000 from WWCM, after deducting fees as outlined in the WWCM Loan Agreement. The loan amount is $500,000, with a loan origination fee of $20,000, providing for an advance amount of $480,000. The loan is to be paid in 48 weekly payments of $13,000 with the first six payments paid in advance and deducted from the initial funding. Net proceeds of $399,000 were received by the Company on December 26, 2025. The total remaining repayment obligation to the Company is $365,000 as of March 31, 2026. Furthermore, the Company's ability to secure other financing is uncertain. The Company's ability to continue as a going concern is dependent upon its ability to obtain additional financing, grow and diversify our revenue, improve operational efficiency, reduce overhead and fixed costs, and to create a profitable operation. Its ability to obtain additional financing in the debt and equity capital markets is subject to several factors, including market and economic conditions, its performance and investor sentiment with respect to the Company and its industry. The Company has taken action to diversify sales to consume existing inventory, increase higher margin aftermarket parts revenue, to fund operations. In the event that the Company does not generate sufficient cash flows from operations and is unable to obtain funding, the Company will be forced to delay, reduce, or eliminate some or all of its discretionary spending, which could adversely affect the Company's business prospects, ability to meet long-term liquidity needs or ability to continue operations. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/3p9nbtsu About Polar Power Polar Power, Inc. designs, manufactures and sells direct-current power systems that supply energy for off-grid, bad-grid, backup-power, electric-vehicle charging and nano-grid applications. Its products integrate DC generators, proprietary electronic controls, lithium batteries and solar photovoltaic technologies. The company sells primarily into telecommunications markets and also serves defense, automotive, marine and industrial markets. As of March 31, 2026, the Company had $11,447,000 in total assets, $9,057,000 in total liabilities, and $2,390,000 in total stockholders' equity. In an audit report dated April 15, 2026, Weinberg & Company, P.A., included a going concern qualification, stating that the company incurred a net loss and negative operating cash flows during the year ended Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. PRAIRIE EYE: Seeks Court Approval to Hire Sikich LLC as Accountant ------------------------------------------------------------------ Prairie Eye Center, Ltd. seeks approval from the U.S. Bankruptcy Court for the Central District of Illinois to employ Sikich LLC as accountants in its Chapter 11 case. The firm will provide these services: (a) prepare outstanding income tax returns for the Debtor; (b) complete future income tax filings; (c) prepare zero or "return required" filings to resolve Internal Revenue Service estimated claims; (d) provide general accounting services related to the Internal Revenue Service and Illinois Department of Revenue; (e) assist with responses to taxing authority inquiries and related claim resolution; and (f) provide accounting assistance as needed in connection with plan confirmation and case administration. SIKICH LLC will be compensated at these hourly rates: Principal $350, Director $350, Senior Manager $300, Manager $275, Senior Accountant $250, and Staff Accountant $225. SIKICH LLC is disclosed as a "disinterested person" under 11 U.S.C. Sec. 101(14), with no identified conflicts of interest. The firm may be contacted at: Wade A. Kaesebier SIKICH LLC 3051 Hollis Drive, 3rd Floor Springfield, IL 62704 Telephone: (217) 793-3363 Email: Wade.Kaesebier@sikich.com About Prairie Eye Center, Ltd. Prairie Eye Center, Ltd. owns and operates the Prairie Eye and LASIK Center, an eye care provider in Springfield, Illinois, offering comprehensive optometry services, including eye exams, LASIK procedures, and emergency care. Led by Dr. Sandra Yeh, the Center is committed to providing personalized, professional care with a focus on patient comfort and education. The Center also offers vision financing options and works with insurance providers to ensure access to quality eye health and vision care. Prairie Eye Center sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Ill. Case No. 25-71020) on December 29, 2025. At the time of the filing, the Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between a$1,000,001 and $10 million. Honorable Judge Mary P. Gorman oversees the case. Rafool & Bourne, P.C. is the Debtor's proposed legal counsel. PREMIER GENERATOR: Hires George E. Jacobs as Attorney ----------------------------------------------------- Premier Generator Service, LLC seeks approval from the U.S. Bankruptcy Court for the Easter District of Michigan to employ George E. Jacobs, a professional practicing law in Michigan, as attorney. The firm will provide these services: a. give the corporation legal advice with respect to its rights and duties in connection with this Chapter 11 proceeding; and b. perform all other legal services which may be necessary herein. The firm will be paid at these rates: George E. Jacobs $350 per hour The firm will be paid a retainer in the amount of $10,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Jacobs, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George E. Jacobs, Esq. 2425 S. Linden Rd., Ste. C Flint, MI 48532 Telephone: (810) 720-4333 About Premier Generator Service LLC Premier Generator Service, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-30965) on April 22, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. George E. Jacobs, Esq., at Bankruptcy Law Offices represents the Debtor as bankruptcy counsel. PRIME LIMITED: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------- Prime Limited Holdings, LLC, doing business as Addison Dental Associates, PC, asks the U.S. Bankruptcy Court for the Northern District of Georgia for authority to use cash collateral and provide adequate protection. The Debtor needs to use cash on hand and ongoing receivables to fund ordinary business operations, as outlined in the budget. The company is a dental practice generating revenue primarily through patient collections and accounts receivable, and it seeks to preserve operations while reorganizing. The Debtor asserts that its cash, including receivables, constitutes cash collateral subject to security interests held by multiple creditors, including Harvest Commercial Capital, LLC, Highland Capital Corporation, and the U.S. Small Business Administration. The Debtor identifies ongoing secured debt obligations, including monthly payments of approximately $8,499 to Harvest, $869 to Highland, and $8,024 to the SBA. These obligations reflect underlying secured loans tied to the debtor’s assets and operations. The Debtor argues that continued access to cash collateral is necessary to maintain business continuity, fund payroll and operating expenses, and support reorganization efforts. As adequate protection for the use of cash collateral, the Debtor proposes to provide replacement liens to the secured creditors, preserving their prepetition priority positions in postpetition assets to the extent of any diminution in collateral value. The Debtor emphasizes that use of cash collateral is limited to ordinary and necessary expenses consistent with the proposed budget, including payroll, lab fees, rent, insurance, and professional services, while ensuring continued operations of the dental practice. A copy of the motion is available at https://urlcurt.com/u?l=6Et4Ky from PacerMonitor.com. About Prime Limited Holdings LLC Prime Limited Holdings, LLC, doing business as Addison Dental Associates, P.C., operates a dental practice in Smyrna, Georgia. It provides general dentistry services, including cosmetic and family dental care, to patients in the Smyrna and greater Atlanta area. Prime Limited Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-56003) on May 4, 2026, with $1 million to $10 million in assets and liabilities. Sims W. Gordon, Jr., Esq., at The Gordon Law Firm, PC represents the Debtor as bankruptcy counsel. PRO RACKING: Hires Accelera Accounting and Finance as Accountant ---------------------------------------------------------------- Pro Racking Systems Corp. dba Pro Racking Systems seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Accelera Accounting and Finance Services LLC as accountant. The firm will provide these services: a. provide accounting, bookkeeping, tax, and financial reporting services in connection with this Chapter 11 Case, including, without limitation, the following: 1. The annual tax preparation and review of the corporate income tax filings (Federal and California); 2. Review of monthly reconciliations for bank accounts (i.e. statements), and payroll; and 3. Tax Planning: Assess as needed. The firm will be paid an advance retainer at a flat monthly fee of $2,500. Any services rendered beyond the standard scope shall be billed at an hourly rate of $75 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Mayoral, 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: Rosario Mayoral, CPA, MBA Accelera Accounting and Finance Services LLC San Diego, CA Tel: (661) 478-0150 Email: Rosario@accelerallc.com About Pro Racking Systems Corp. Pro Racking Systems Corp. installs warehouse storage and pallet racking systems for commercial and industrial facilities, undertaking metal racking construction and tenant improvement projects. The company operates through licensed contracting activities tied to large-scale warehouse installations for commercial clients. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12211) on March 25, 2026. In the petition signed by Gabriel J. Galeana, chief executive officer and sole shareholder, the Debtor disclosed $685,550 in total assets and $1,084,073 in total liabilities. Judge Scott H. Yun oversees the case. Joanne Sanchez, Esq., at Sanchez & Baltazar Attorneys, PC represents the Debtor as counsel. PROGRESS TELECOMM: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- Progress Telecomm NC LLC asks the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, for authority to use cash collateral and provide adequate protection. The Debtor's financial distress arose primarily from its inability to maintain payments on several Merchant Cash Advance loans. As a result of asserted liens on the company's receivables, revenue streams were redirected to MCA lenders, severely restricting operating cash flow. The Debtor further states that adverse weather conditions also negatively affected its ability to perform work, contributing to defaults on obligations to secured creditors and unpaid payroll taxes. Prior to bankruptcy, the company entered into MCA financing arrangements with several lenders, including Family Funding Group LLC, which filed a UCC-1 financing statement in September 2025 asserting a lien on all accounts and future receivables of the debtor. The Debtor acknowledges that the income generated from operations and receivables may constitute cash collateral under 11 U.S.C. section 363 to the extent of Family Funding’s collateral rights, lien priority, and secured claim value. The Debtor requests both interim and final authorization to use cash collateral and seeks a preliminary hearing under Bankruptcy Rule 4001(b)(2) to permit immediate use of funds pending a final hearing. The Debtor proposes to provide adequate protection to secured creditors by granting replacement liens and security interests on post-petition property and proceeds of the same type and priority as the creditors held pre-petition, to the extent any cash collateral is used. These replacement liens would be automatically perfected without further action. Additionally, the Debtor asks the court to order third parties and account debtors to remit payments directly to the company despite any prior notices, levies, garnishments, or payment redirections imposed by creditors. The Debtor also seeks turnover of funds collected directly by creditors from receivables that otherwise belong to the estate. The proposed interim operating budget covering May 13 through May 31, 2026 projects approximately $60,000 in receipts and $41,350 in expenses, leaving projected net cash flow of approximately $18,650. Budgeted expenses include payroll for two employees totaling $34,000, vehicle and workers' compensation insurance, fuel costs, equipment expenses related to an air compressor, trailer lease payments, and miscellaneous operating expenses. A copy of the motion is available at https://urlcurt.com/u?l=Wrz6Eh from PacerMonitor.com. About Progress Telecomm NC LLC Progress Telecomm NC, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02162) on May 13, 2026, with $500,001 to $1 million in assets and liabilities. Judge Joseph N. Callaway presides over the case. Laurie Biggs, Esq. at Biggs Law Firm PLLC represents the Debtor as legal counsel. PURSE LADIES: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, entered an interim order authorizing The Purse Ladies Holdings LLC for continued use of cash collateral. Under the order, the debtor may use cash collateral for expenses expressly approved by the Court, including payments to the Subchapter V Trustee, as well as current and necessary operating expenses outlined in the attached cash collateral budget. Any use of cash collateral outside the approved budget or Court authorization is prohibited. The authorization remains effective until a further hearing on the motion. As adequate protection for secured creditors, the Court granted replacement liens on post-petition cash collateral. These liens carry the same validity, priority, and extent as the creditors' prepetition liens and become automatically perfected without requiring additional filings or documentation under non-bankruptcy law. The order preserves the rights of interested parties, including the United States Trustee and any future creditors' committee, to challenge the validity, priority, or extent of liens asserted against cash collateral. Secured creditors also retain the right to seek further protections or restrictions. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/1sClN from PacerMonitor.com. About The Purse Ladies Holdings LLC The Purse Ladies Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00523) on February 6, 2026, with up to $50,000 in assets and $100,000,001 to $500 million in liabilities. Judge Jacob A. Brown oversees the case. Thomas C. Adam, Esq., at Adam Law Group, P.A. represents the Debtor as bankruptcy counsel. QON CONN: Monique Almy Named Subchapter V Trustee ------------------------------------------------- Matthew Cheney, the Acting U.S. Trustee for Region 4, appointed Monique Almy, Esq., as Subchapter V trustee for Qon Conn, LLC. Ms. Almy, a partner at Crowell & Moring, LLP, will be paid an hourly fee of $800 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Almy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Monique D. Almy, Esq. Crowell & Moring, LLP 1001 Pennsylvania Avenue, NW Washington, DC 20004 Phone: (202) 624-2935 malmy@crowell.com About Qon Conn LLC Qon Conn, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00231) on April 30, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Linda M. Dorney, Esq., at the Law Offices Of Ricahrd B. Rosenblatt PC represents the Debtor as bankruptcy counsel. QUITMAN COMMUNITY: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Quitman Community Hospital, LLC 340 Getwell Street Marks, MS 38646 Business Description: Quitman Community Hospital, LLC operates a 25-bed acute care hospital in Marks, Mississippi. The hospital provides hospital-based medical services, including 24-hour emergency care, acute patient beds, and swing-bed services for post-acute extended care. Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court Northern District of Mississippi Case No.: 26-11844 Judge: Hon. Jason D Woodard Debtor's Counsel: Douglas C. Noble, Esq. MCCRANEY MONTAGNET QUIN AND NOBLE PLLC 602 Steed Road Suite 200 Ridgeland, MS 39157 Tel: (601) 707-5725 E-mail: dnoble@mmqnlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Robert Quentin Whitwell as manager. 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/FDFDXQY/Quitman_Community_Hospital_LLC__msnbke-26-11844__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FHP7KBQ/Quitman_Community_Hospital_LLC__msnbke-26-11844__0001.0.pdf?mcid=tGE4TAMA QVC GROUP: Preferred Shareholders Contest Chapter 11 Plan --------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that a group of preferred shareholders has launched a challenge to QVC Group Inc.'s bankruptcy plan, alleging that the restructuring would eliminate roughly $1.4 billion in preferred stock while transferring value away from the parent company. The investors maintain that the proposal unfairly reallocates assets to the benefit of creditors at affiliated subsidiaries. The dispute centers on a $400 million settlement incorporated into the Chapter 11 plan. The settlement is intended to resolve potentially significant claims among related corporate entities, but shareholders argue that it effectively strips assets from the holding company without adequate justification or consideration for preferred equity holders, the report relays. In papers submitted to Judge Alfredo R. Pérez, the shareholders questioned whether the alleged intercompany claims ever existed at the magnitude asserted by the debtors. They pointed to what they described as an absence of contemporaneous evidence supporting the claims and argued that the settlement was constructed primarily to facilitate the proposed restructuring. The objection increases pressure on QVC as it moves toward plan confirmation. If the court finds merit in the shareholders' concerns, the company could be required to provide additional disclosures, revisit settlement terms, or modify the treatment of preferred equity under the plan, the report cites. About QVC Group Inc. QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies that are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group and several affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. The Hon. Bankruptcy Judge Alfredo R. Perez handles the jointly administered cases. The Debtors employed Kirkland & Ellis LLP and Kirkland & Ellis International LLP as co-counsel; Gray Reed, as co-counsel; AlixPartners, LLP, as financial advisor; Evercore Group L.L.C., as investment banker; Kroll Restructuring Administration LLC, as claims and noticing agent; and PricewaterhouseCoopers LLP, as tax advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to QVC Group and QVC, Inc. Kobre & Kim LLP, serves as legal counsel to QVC Group, Inc. under the direction of the Special Committee; Seward & Kissel LLP, as legal counsel to QRI Cornerstone, Inc. under the direction of the Special Committee; Milbank LLP, as legal counsel to Liberty Interactive LLC, under the direction of the disinterested directors, and as legal counsel to Qurate Retail Group, Inc., under the direction of the Special Committee; and Katten Muchin Rosenman LLP, as legal counsel to QVC, Inc., under the direction of the disinterested directors. The Bank of New York Mellon Trust Company, N.A., as trustee under the LINTA Notes Indenture, is represented by Reed Smith LLP, as counsel. The LINTA Noteholder Group is represented by Akin Gump Strauss Hauer & Feld LLP. The QVC Noteholder Group is represented by Davis Polk & Wardwell LLP. The RCF Lender Group, led by JPMorgan Chase Bank, N.A., as administrative agent, is represented by Simpson Thacher & Bartlett LLP. An ad hoc group of beneficial holders to QVC Group, Inc. is represented by Brown Rudnick LLP as counsel. Glenn Agre Bergman & Fuentes LLP, Cleary Gottlieb Steen & Hamilton LLP, and Kane Russell Coleman Logan PC represent certain beneficial holders of the 8.0% Series A Cumulative Redeemable Preferred Stock issued by QVC Group, Inc. RADYO PANOU: Commences Chapter 7 Bankruptcy in New York ------------------------------------------------------- On May 26, 2026, Radyo Pa Nou Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About Radyo Pa Nou Inc. Radyo Pa Nou Inc. is a media and broadcasting company engaged in radio programming and communications services. Radyo Pa Nou Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42529) on May 26, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. RAGUSE FAMILY: Seeks $12.5MM DIP Loan from East West Bank --------------------------------------------------------- Raguse Family Partnership, R.A.G. Holdings LLC, Tru Ag LLC, and Red Rock Cattle, LLC asks the U.S. Bankruptcy Court for the District of Minnesota for authority to use cash collateral and obtain postpetition debtor-in-possession financing. The Debtors request emergency access to financing in order to maintain ongoing agricultural and cattle operations while pursuing a reorganization plan intended to stabilize the businesses and preserve value for creditors, employees, vendors, and other stakeholders. The Debtors argue that without immediate financing they would face operational shutdown, liquidation, job losses, and severe harm to creditors and business partners. The requested financing consists of a non-revolving DIP credit facility of up to $12.5 million to be provided by East West Bank and/or its designees as DIP lender. The Debtors seek authority to immediately access an $8 million initial draw upon entry of an interim order, with an additional $4.5 million available after entry of a final order and three business days’ written notice. The DIP financing is intended to provide liquidity for working capital, operational expenses, professional fees associated with the bankruptcy proceedings, restructuring expenses, and other general corporate purposes. The Debtors emphasize that the proposed financing does not broadly prime existing secured creditors. Instead, the DIP lender's collateral package is generally limited to assets that were unencumbered as of the petition date or assets for which existing senior secured creditors have consented to subordination or priming. The proposed DIP facility contains detailed financial terms. The total commitment is capped at $12.5 million. The maturity date is the earliest of March 31, 2027, confirmation of a Chapter 11 plan, sale of substantially all assets, conversion or dismissal of the cases, appointment of a trustee or examiner, or failure to obtain a final DIP order within 45 days after the petition date. The facility does not require amortization payments but permits voluntary prepayments of at least $1 million and imposes mandatory prepayments from asset sale proceeds or unauthorized new indebtedness. The loan bears an 11% interest rate, increasing to 13% upon default. The DIP lender also receives a $250,000 commitment fee, a $625,000 exit fee equal to 5% of the total commitment, and reimbursement of up to $250,000 in legal fees incurred before the bankruptcy filing. Loan proceeds are subject to oversight by the Debtors' financial advisor, Lakeshore Foods, which must confirm that weekly disbursements comply with the approved budget. The Debtors request authority to grant the DIP lender extensive protections, including first-priority liens on unencumbered assets, junior liens on already-encumbered assets, and superpriority administrative expense claims under 11 U.S.C. sections 364(c) and 364(d). The DIP lender would receive liens on a broad range of collateral, including crops, livestock, farm products, accounts receivable, inventory, equipment, cash, intellectual property, real estate interests, proceeds, and avoidance actions. Particularly significant is the lender's first-priority security interest in 2026 crop and livestock collateral, including growing crops, harvested crops, livestock, government agricultural program payments, and related proceeds. The DIP obligations would receive superpriority administrative claim status ahead of nearly all other claims and expenses in the bankruptcy cases, subject only to a negotiated carve-out”for certain court fees, United States Trustee fees, trustee expenses, and capped professional fees for debtor and committee counsel. The DIP liens would automatically perfect upon entry of the interim order without the need for further filings, though the debtors agree to execute any additional documentation requested by the lender. The DIP lender would also receive credit bidding rights in any sale process involving collateral assets. The proposed DIP documents contain extensive default provisions typical of large Chapter 11 financing arrangements. Events of default include payment defaults, covenant breaches, adverse court rulings affecting the DIP lender's rights, appointment of a trustee, conversion or dismissal of the cases, unauthorized financing, unauthorized asset sales, significant judgments, challenges to the lender's liens, failure to obtain timely interim or final DIP orders, and material adverse changes to the debtors’ businesses or financial condition. Defaults also include any attempt by the debtors to file a reorganization plan unacceptable to the DIP lender unless it provides for full repayment of DIP obligations from approved financing sources. As of the petition date, the Debtors owed approximately $36.2 million in secured obligations to various lenders. The primary secured lender is Cornerstone Bank, which is owed approximately $19 million secured by extensive agricultural collateral, including crops, livestock, farm equipment, fixtures, cooperative stock, mortgages on agricultural real estate in Minnesota and North Dakota, and assignments of rents. Prior to the bankruptcy filing, Cornerstone assigned its first-priority security interest in the 2026 crop and livestock collateral to the DIP lender. Another lender, Old Second National Bank, asserted a lien on some crop and livestock collateral through a March 2026 UCC filing, but the Debtors contend that this lien is avoidable as a preferential transfer and therefore not entitled to adequate protection. Additional secured creditors include Ally Bank, Wells Fargo Leasing, JPMorgan Chase Bank, CNH Industrial Capital America, and several equipment finance companies, most of whom hold liens on specific vehicles or equipment rather than blanket liens on all assets. The Debtors stress that the DIP financing resulted from good-faith, arm's-length negotiations and is necessary to preserve operations during the Chapter 11 process. They state that DIP loan proceeds and cash collateral will only be used consistent with the approved budget and court orders, and solely for ordinary-course business operations and bankruptcy administration expenses. A copy of the motion is available at https://urlcurt.com/u?l=TQXWCg from PacerMonitor.com. About Raguse Family Partnership Raguse Family Partnership operates agricultural and cattle farms. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 26-60308) on May 14, 2026. In the petition signed by Truman Raguse, partner, the Debtor disclosed up to $10 million in both assets and liabilities. Judge William J. Fisher oversees the case. James Jorissen, Esq., at Taft Stettinius & Hollister LLP, represents the Debtor as legal counsel. East West Bank, as DIP lender, is represented by: Robert M. Hirsh, Esq. Francisco Vazquez, Esq. James A. Copeland, Esq. Norton Rose Fulbright US LLP 1301 Avenue of the Americas New York, NY 10019 Email: robert.hirsh@nortonrosefulbright.com, francisco.vazquez@nortonrosefulbright.com, james.copeland@nortonrosefulbright.com RAILHEAD INC: Court Extends Cash Collateral Access to July 10 ------------------------------------------------------------- Railhead, Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of Virginia to use cash collateral. The court authorized the Debtor to continue using cash collateral to pay expenses through July 10 in accordance with its budget and the terms of the March 30 second interim order. All terms of the second interim order including restrictions on cash usage, reporting requirements, and "adequate protection" obligations to secured creditors remain in effect during the extension period. The secured creditors include Republic Capital Access, LLC, First Citizens Bank, M&T Bank, Newtek Small Business Finance, LLC and the U.S. Small Business Administration. These creditors claim security interests in the Debtor's assets, including accounts receivable and other cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/1HSkr from PacerMonitor.com. The next hearing will be held on July 7. Railhead generated approximately $5.75 million in revenue in 2024 and anticipates revenues of about $3.07 million this year. As of the petition date, the Debtor estimates that it holds approximately $198,421 in cash collateral, consisting mainly of accounts receivable and income generated from contracts entered into prior to the bankruptcy filing. About Railhead Inc. Railhead, Inc. is a Virginia-based government contracting and consulting firm. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10508-BFK) on March 2, 2026. In the petition signed by Jason Butler, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Jeffery T. Martin, Esq, at Martin Law Group PC, represents the Debtor as legal counsel. RAMDEEN'S ELECTRICAL: Seeks to Use Cash Collateral -------------------------------------------------- Ramdeen's Electrical Contracting Corp. asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection. The Debtor's secured creditors are the New York State Department of Taxation and Finance and the Internal Revenue Service. The Debtor also requested approval of a proposed stipulation negotiated with the NYSDTF concerning continued use of cash collateral and adequate protection terms. The Debtor argues that maintaining operations during the bankruptcy case is essential to preserving the value of the business as a going concern and maximizing recoveries for creditors. The NYSDTF and the Debtor negotiated a proposed stipulation, subject to court approval, governing the Debtor's continued use of cash collateral and the provision of adequate protection payments and liens. In addition, the Debtor acknowledged that the IRS may also hold secured claims against assets constituting cash collateral and therefore seeks authority to use such collateral while providing adequate protection to the IRS as well. Access to cash collateral is critical to paying employees, utilities, operational expenses, and other ordinary course business costs necessary to continue operations during the Chapter 11 case. As adequate protection, the Debtor proposes granting replacement liens to the secured creditors on post-petition assets to the extent such creditors held valid liens as of the bankruptcy filing date. Additionally, the Debtor proposes making monthly adequate protection payments to the NYSDTF pursuant to the negotiated stipulation. Regarding the IRS, the Debtor argues that replacement liens and the preservation of the Debtor's value as a going concern provide sufficient adequate protection. A copy of the motion is available at https://urlcurt.com/u?l=2Y4E3b from PacerMonitor.com. About Ramdeen's Electrical Contracting Corp. Ramdeen's Electrical Contracting Corp. provides residential, commercial, and industrial electrical contracting servicesfrom its base in South Richmond Hill, New York, serving clients across New York City, Long Island, and the Hudson Valley, and is licensed to perform a range of electrical and home improvement work. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-44811) on October 5,2025. In the petition signed by Mark Ramdeen, vice president, the Debtor disclosed $566,881 in total assets and $6,981,871 in total liabilities. Judge Nancy Hershey Lord oversees the case. James J. DeCristofaro, Esq., at THE LAWYWER JAMES J. DECRISTOFARO, ESQ. P.C., represents the Debtor as legal counsel. REBORN COFFEE: Q1 Net Loss Narrows to $1.83 Million --------------------------------------------------- Reborn Coffee Inc. reported a first-quarter net loss attributable to shareholders of $1.83 million for the three months ended March 31, 2026, narrowing from $2.19 million a year earlier, according to a Form 10-Q filing with the Securities and Exchange Commission. Total net revenue rose to $5.21 million from $1.69 million. The company reported store revenue of $1.47 million, wholesale and online revenue of $79,869, service income of $3.39 million and license income of $275,000. Operating costs and expenses increased to $6.08 million from $3.39 million, while loss from operations narrowed to $872,685 from $1.7 million. Total other expense, net, widened to $620,555 from $493,080. Reborn said the revenue increase was primarily driven by logistics service revenue. Product, food and drink costs fell to $517,536 from $924,364, mainly because of lower store sales volume, while general and administrative expenses increased because of higher professional services and logistics costs to support growth plans. As of March 31, Reborn reported cash and cash equivalents of $266,382, total assets of $14.15 million, total liabilities of $10.71 million and total stockholders' equity of $3.45 million. Current assets totaled $7.82 million, and current liabilities totaled $8.81 million. Reborn said its accumulated deficit of $32.5 million as of March 31, 2026, and loss before income taxes of about $1.5 million raised substantial doubt about its ability to continue as a going concern. The company said it needs to raise additional capital to fund future operations and anticipates additional financing to fund operations in the near future. After quarter-end, Reborn said it sold debentures with an aggregate principal amount of $4.17 million for a purchase price of $3.75 million and entered into an equity line of credit agreement under which it may direct Arena to purchase up to $50 million of its common stock, subject to terms and conditions. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/Archives/edgar/data/1707910/000121390026060633/ea0291910-10q_reborn.htm About Reborn Coffee Reborn Coffee Inc., based in Brea, California, operates and franchises retail locations and kiosks focused on specialty-roasted coffee. The company was founded in 2015 and serves customers through retail store locations in Southern California and one international location in Malaysia. Its products include whole bean coffee, pour-over packs, cold brew packs, cold brew concentrate and cafe beverages. In an audit report dated April 22, 2026, BCRG Group included a going concern qualification, stating that Reborn Coffee had significant operating losses that raised substantial doubt about the company's ability to continue as a going concern. RECOLETA LLC: Hires Rodriguez Espola LLC as Estate Accountant ------------------------------------------------------------- Recoleta LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Rodriguez Espola, LLC as estate accountant. The firm will provide these services: a. review of the accounting records for preparation of the month and year end accounting and financial reports. b. preparation of monthly reconciliation of all bank accounts. c. accumulation of payroll transactions to produce quarterly and annual payroll tax returns. d. prepare liquidation analysis, financial projections, claim reconciliation and related financial documents as support for a Plan of Reorganization. The firm will be paid at a fixed rate of $500 monthly. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Espola, 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: P.O. Box 16036 San Juan PR00908 Tel: (787) 903-1156 About Recoleta LLC Recoleta LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00749) on Feb. 25, 2026, listing under $1 million in both assets and liabilities. Judge Mildred Caban Flores handles the case. Jose M. Prieto Carballo, Esq., at JPC Law Office serves as the Debtor's counsel. REINFRO LLC: Unsecureds Will Get 65.76% of Claims over 5 Years -------------------------------------------------------------- Reinfro, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization dated May 19, 2026. The Debtor started operations in 1995. Debtor's majority owner Abelardo Gonzalez began the operations and eventually brought on his son, Raul Gonzalez as a minority owner. The Debtor operates as a Tier 2 automotive metal finishing business. The Debtor shares common ownership with three other entities: Abyra Group, Abyra Land, and Reoperaciones Industriales Fronterizos ("R.I.F."). These four entities, including Debtor, are owned by Mr. Abelardo Gonzalez and Mr. Raul Gonzalez, a father and son duo. The Debtor elected to file a chapter 11 reorganization as the best means to resolve the current liabilities of the company and determine the secured portions of those creditors. Debtor's financial difficulties began when a lawsuit was filed against it by Inteva Products LLC for an alleged breach of contract claim. The Debtor was unable to financially recover after this breach of contract lawsuit which led it to seek Chapter 11 protections. The Debtor proposes to pay allowed unsecured based on the liquidation analysis and cash available. Debtor anticipates having enough business and cash available to fund the plan and pay the creditors pursuant to the proposed plan. It is anticipated that after confirmation, the Debtor will continue in business. Based upon the projections, the Debtor believes it can service the debt to the creditors. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into three voting classes of Claimants. These claimants will receive cash repayments over a period of time beginning on or after the Effective Date. Class 3 consists of Allowed Impaired Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at zero percent per annum over the next five years. Creditors shall receive monthly disbursements based on the projection distributions of each 12-month period with the first monthly payment due 30 days after the Effective Date. Debtor will distribute $657,130.00 to the general allowed unsecured creditor pool over the five-year term of the plan, including the under-secured claim portions. The Debtor's General Allowed Unsecured Claimants will receive 65.76% of their allowed claims under this plan. Any potential rejection damage claims from executory contracts that are rejected in this Plan will be added to the Class 3 unsecured creditor pool and will be paid on a pro-rata basis. The allowed unsecured claims total $999,210.31. Class 4 Equity Interest Holders (Current Owners) are not impaired under the Plan. The owners are Abelardo Gonzalez and Raul Gonzalez, and they will receive no payments under the Plan; however, they will be allowed to retain ownership in the Debtor. Class 4 Claimants are not impaired under the Plan. A full-text copy of the Plan of Reorganization dated May 19, 2026 is available at https://urlcurt.com/u?l=8NaEVm from PacerMonitor.com at no charge. Counsel to the Debtor: 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 Reinfro LLC Reinfro, LLC operates as a Tier 2 automotive metal finishing business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-10023) on February 18, 2026, with $1 million to $10 million in assets and liabilities. Judge Eduardo V. Rodriguez presides over the case. Robert C. Lane, at The Lane Law Firm PLLC, is serving as the Debtor's bankruptcy counsel. REVI EXPRESS: Seeks Subchapter V Bankruptcy in Massachusetts ------------------------------------------------------------ On May 26, 2026, Revi Express Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 23, 2026 at 01:30 PM as Telephonic Meeting. Dial-in Number: 888-330-1716 Participant Code: 1093908. For International Call Information Please Contact the Trustee. (202) 306-3815. Chapter 11 Reorganization Plan Under Subchapter V Due on August 24, 2026. About Revi Express Inc. Revi Express Inc. is a transportation and logistics company engaged in freight and delivery services. Revi Express Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40615) on May 26, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1 million. The Debtor is represented by Louis S. Robin, Esq. of Law Offices of Louis S. Robin. RND PROPERTIES: Hires Toni Campbell Parker as Counsel ----------------------------------------------------- RND Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Toni Campbell Parker, a professional practicing law in Tennessee, as counsel. Mr. Parker will represent Debtor in all matters regarding the Chapter 11 Subchapter V case. The hourly rates are: Toni Campbell Parker $400 per hour Attorney and paralegals $100 per hour The professional received a retainer in the amount of $10,000. He will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Parker, 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 professional can be reached at: Toni Campbell Parker, Esq. 45 North Bb King Blvd., Ste. 201 Memphis, TN 38103 Telephone:(901) 483-1020 E-mail: Tparker002@att.net About RND Properties LLC RND Properties, LLC's primary asset consists of commercial properties located at 1532 Bonnie Lane, 0 Bonnie Lane, 1536 BonnieLane, and 1831 Getwell Road in Memphis/Cordova, Tennessee. RND filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-21006) on February 23, 2026, with $1 million to $10 million in both assets and liabilities. Robert Mahoney, managing member, signed the petition. Judge Jennie D. Latta presides over the case. Toni Campbell Parker, Esq., at the Law Firm of Toni Campbell Parker represents the Debtor as bankruptcy counsel. Renasant Bank, as lender, is represented by: R. Lee Webber, Esq. Martin, Tate, Morrow & Marston, P.C. 6410 Poplar Avenue, Suite 900 Memphis, TN 38119 Telephone: (901) 522-9000 Facsimile: (901) 527-3746 E-mail: lwebber@martintate.com ROCKFORD SILK: Unsecured Creditors to Split $125K over 5 Years -------------------------------------------------------------- Rockford Silk Screen Process, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Illinois an Amended Disclosure Statement describing Plan of Reorganization dated May 18, 2026. The Debtor is a wide-format and screen-print manufacturing operation that has been in Rockford, Illinois since 1963. The corporation was founded by the Downs family and has been operated by John Downs since 1992. The Debtor derives substantially all of its income from the operation of its wide-format and screen-print manufacturing. The Debtor's primary secured creditor is Foresight Bank, which hold a first-priority blanket lien on substantially all of the Debtor's business assets. Foresight Bank has been paid a total of approximately $111,6000.00 in adequate protection payments during the pendency of this case pursuant to cash collateral order. The Debtor intends to remain in possession of its assets and to repay administrative, secured, and unsecured creditors from income derived from continued operation of the Debtor. The Debtor has remained current on all post-petition obligations, including adequate protection payments to Foresight Bank, U.S. Trustee quarterly fees, and ordinary course operating expenses. Since filing, the Debtor has stabilized its operations, implemented improved financial reporting and operational management systems, and has maintained consistent post-petition cash flow. Class 7 consists of all general unsecured creditors of the Debtor, including without limitation: pre-petition trade creditors (estimated $1,295,833.16); the Foresight Bank deficiency claim; the HP Inc deficiency claim ($41,950.00); the Ally Bank deficiency claim (to be determined); any other allowed unsecured claims not classified in Classes 4 or 6. Total Class 7 estimated claims are approximately $1,764,303.16 excluding the SBA deficiency. Class 7 creditors shall be paid pro rata from the same annual unsecured distribution pool as Classes 4 and 6, consisting of $25,000.00 per year for five years ($125,000.00) total combined pool for Classes 4, 6, and 7). Distributions shall be made annually commencing one year after the effective date. These creditors are impaired. A full-text copy of the Amended Disclosure Statement dated May 18, 2026 is available at https://urlcurt.com/u?l=bjfcaQ from PacerMonitor.com at no charge. Counsel to the Debtor: Richard G. Larsen, Esq. Springer Larsen, LLC 300 South County Farm Rd., Suite G Wheaton Illinois 60187 Telephone: (630) 510-0000 Email: rlarsen@springerbrown.com 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 Sept. 17, 2025. In the petition signed by Jason Yost, president, the Debtor disclosed $3,339,844 in assets and $6,456,627 in liabilities. George P. Hampilos, at Hampilos & Associates, Ltd., is the Debtor's legal counsel. ROLLING GREENS: Seeks Chapter 11 Bankruptcy in California --------------------------------------------------------- On May 20, 2026, Rolling Greens Nursery, Inc. 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 $10 million and $50 million in debt owed to between 1 and 49 creditors. About Rolling Greens Nursery, Inc. Rolling Greens Nursery, Inc. is a Commerce, California-based retail nursery and lifestyle company specializing in plants, home décor, and landscape design services. Rolling Greens Nursery, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14978) on May 20, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by David B. Zoklin, Esq., of Weintraub, Zolkin Talerico & Selth LLP. Keegan Linscott & Associates, PC serves as financial advisor. ROUTE 2 LLC: Commences Chapter 11 Bankruptcy in Arizona ------------------------------------------------------- On May 27, 2026, Route 2, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 30, 2026 at 11:15 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About Route 2, LLC Route 2, LLC is a business enterprise engaged in commercial operations in Arizona. Route 2, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05284) on May 27, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Andrew A. Harnisch, Esq. of May Potenza Baran & Gillespie, P.C. RTB DIGITAL: Finalizes Merger with RYVYL, James Heckman Named CEO ----------------------------------------------------------------- RTB Digital, Inc. (formerly RYVYL Inc.) announced in a regulatory filing that the Company completed its business combination with RTB Digital, Inc., pursuant to the Agreement and Plan of Merger dated September 28, 2025, as amended. Accordingly, the Company issued an aggregate of 4,384,504 shares of the Company's common stock, $0.001 par value to the former shareholders of RTB. The shares of Common Stock issued to the former shareholders of RTB were registered with the SEC pursuant to the Registration Statement on Form S-4 (Reg. No. 333-264959), as amended, declared effective on February 6, 2026. The Merger will result in a company focused on deploying its Web3 media platform for major media brands and premium clients, generating Web3 revenue and reaching millions of monthly media consumers through partnerships with Yahoo, TheStreet and nearly two hundred sports reporters, including the majority of Sports Illustrated's top revenue producing and highest audience team channels, as well as the world's #1 hockey network - also departing SI - all of which recently migrated to the RTB platform. Background RYVYL Inc. and RTB Digital, Inc. entered into the Merger Agreement pursuant to which a wholly-owned subsidiary of Ryvyl merged with and into RTB, with RTB surviving as a wholly-owned subsidiary of Ryvyl. On April 1, 2026, the stockholders of Ryvyl approved the Merger Agreement and the related transactions, and on May 11, 2026, The Nasdaq Stock Market approved the listing of the common stock of the post-merger company on the Capital Market. These two conditions were the primary conditions precedent to the consummation of the merger transaction. On May 11, 2026, Ryvyl filed a certificate of amendment to its certificate of incorporation to change the corporate name of "Ryvyl Inc." to "RTB Digital, Inc." On May 13, 2026, the trading symbol of the common stock was changed to "RTB." Upon consummation of the Merger: (i) stock options and other employee awards that were not exercised for shares of common stock of RTB before the Merger, (ii) warrants that were not converted into shares of common stock of RTB before the Merger, and (iii) outstanding debt that may be converted into shares of common stock of RTB were assumed and adjusted to be exercised or converted at the exchange ratio set forth in the Merger Agreement. Of the foregoing, the post merger company has reserved 3,385,409 shares of common stock for the options and employee awards that may be exercised, 2,070,520 shares of common stock for the warrants that may be exercised and 7,688,755 shares of common stock that may be issued on conversion of the outstanding debt and interest due thereon. The conversion of the outstanding debt and interest will take place as promptly as possible after the consummation of the Merger, subject to the terms of the governing instruments. Certain of the security holders of RTB prior to the Merger have agreed to lock up the common stock of the post merger company for a period of 12 months, with a dribble out thereafter for an additional nine months. The persons participating in the lock-up generally include the insiders and larger shareholders. The lock up agreements are in addition to any applicable securities law restrictions under the Securities Act of 1933, as amended. Immediately after the consummation of the Merger, there were approximately 5,774,711 shares of Common Stock outstanding. Unregistered Sales of Equity Securities The Company assumed certain securities of the pre-merger RTB Digital, Inc., including options, warrants and convertible debt and interest due thereon. The Company has agreed to issue not less than an aggregate of 7,688,755 shares upon conversion of certain of the outstanding convertible debt and interest due thereon, as of the date hereof that matures in the future. Each of the holders of the convertible debt and interest is anticipated to be an accredited investor at the date of conversion, and the conversion and issuance of shares of common stock will be issued pursuant to an exemption from registration pursuant to the Securities Act of 1933, as amended, pursuant to Section 4 thereof. None of the shares have registration rights. The Company has agreed to issue not less than an aggregate of 2,070,520 shares upon exercise of the assumed warrants. Each of the holders of the warrants is either an accredited investor or sophisticated investor, and the exercise and issuance of shares of common stock will be issued pursuant to an exemption from registration pursuant to the Securities Act of 1933, as amended, pursuant to Section 4 thereof. None of the shares have registration rights and each of the convertible debt holders have agreed to lock up the shares of common stock received on conversion for a period of 12 months. The Company has agreed to issue not less than an aggregate of 3,385,409 shares upon exercise of the assumed options and other equity awards. The Company plans to register the shares underlying the associated equity award plan for issuance of the shares of common stock. If any of the options or equity awards are exercised before the registration of the common stock, then they will be issued on a private placement basis, pursuant to an exemption from registration pursuant to the Securities Act of 1933, as amended, pursuant to Section 4 thereof. Board of Directors In accordance with the terms of the Merger Agreement, each of the directors of the Company who would not be continuing as a director after the completion of the Merger resigned from the Board of Directors of the Company and any respective committees of the Board to which they belonged as of the closing of the Merger. In connection with the Merger, the size of the Board post-Merger was changed to seven members, and the Board was reconstituted as follows: * James Heckman, Chief Executive Officer and Director; * Alykhan (Aly) Madhavji, Chief Financial Officer and Director; * Walton Comer, Director and Chairman of the Board; * Michael Alexander, Director; * David Bailey, Director; * Brett Moyer, Director who did not resign; and * Steven Fletcher, Director who did not resign. Mr. Fletcher was appointed to the Board of the pre-merger company in March 2026, as an independent director and a member of the audit committee to satisfy the listing requirements of the Nasdaq Stock Market applicable to the Capital Market. Each of the current directors will serve until the next annual meeting of shareholders at which the members of the Board stand for election or until such director's earlier death, resignation, or removal or until such director's successor is duly elected and qualified. Pursuant to the Merger Agreement, effective May 15, 2026, Messrs. Gene Jones and Tod Browndorf resigned from the Board and any respective committees of the Board to which they belonged, which resignations were not the result of any disagreements with the Company relating to the Company's operations, policies or practices. Additionally, effective May 15, 2026, Mr. George Oliva resigned from the Board and any committees of the Board to which he belonged, which resignation was not the result of any disagreements with the Company relating to the Company's operations, policies or practices; however Mr. Oliva continued as an officer of the Company as Chief Accounting Officer. Appointment of Officers As of May 21, 2026, the Board appointed James Heckman as the Chief Executive Officer, Aly Madhavji as the Chief Financial Officer, George Oliva as the Chief Accounting Officer, and William Sornsin as the Chief Operating Officer. Mr. Zechariah (Zack) Kirscher continues as the Vice President Legal. Mr. George Oliva is employed under an employment agreement effective as of the consummation of the Merger. A description of the employment agreement is included in the Prospectus in the section "George Oliva Employment Agreement," beginning on page 103 thereof, and is incorporated herein by reference. The biographies of the aforementioned executive officers are included in the Prospectus in the section titled "Management Following the Merger" beginning on page 126, and "Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" of the Form 8-K Report filed April 2, 2026, and are incorporated herein by reference. Information with respect to the compensation of the Company's named executive officers and directors is set forth in the Prospectus in the sections titled "RTB Executive Compensation" beginning on page 135 and "RTB Director Compensation" beginning on page 138, and that information is incorporated herein by reference. Board Committees On and as of May 21, 2026, the Board appointed its members to join the Audit, Compensation, and Nominating and Corporate Governance Committee, as follows: Audit Committee: Steven Fletcher (Chairman), Michael Alexander, and Brett Moyer, each of whom is currently believed to be "independent" as defined under section 5605(a)(2) of the Nasdaq Listing Rules. In addition, the board of directors has determined that each of Michael Alexander and Steven Fletcher is an "audit committee financial expert" as defined in Item 407(d)(5)(ii) of Regulation S-K promulgated under the Securities Act. Compensation Committee: Walton Comer (Chairman) and Steven Fletcher, each of whom the Company believes to be "independent" as defined in section 5605(a)(2) of the Nasdaq Listing Rules. Nominations Committee: David Bailey (Chairman) and Michael Alexander, each of whom the Company believes to be "independent" as defined in section 5605(a)(2) of the Nasdaq Listing Rules. Following the Closing Date, the Company intends to enter into its standard form of indemnification agreement with its directors, the description of which is hereby incorporated by reference to the Prospectus, including from page 149 thereof. Certain directors of the Company had a pre-existing material relationship with RTB, including those that involved a potential or actual conflict of interests, as described in the section titled "Interests of the RTB Directors and Executive Officer in the Merger" on page 68 of the Company's proxy statement/prospectus filed with the SEC on January 30, 2026. About RYVYL Inc. RYVYL Inc. is a financial technology company that provides global payment acceptance and disbursement solutions. Ryvyl enables merchants to accept credit card payments through arrangements with third-party acquiring banks and payment processors. Credit card payment processing services represent the substantial majority of Ryvyl's revenues. Rowland Heights, CA-based Simon & Edward, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and has experienced significant liquidity constraints following the discontinuation of its QuickCard operations and the sale of its European subsidiary, Ryvyl EU. These factors, alongside expectations of continued operating losses, raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $9.9 million in total assets, $10.9 million in total liabilities, and $972 thousand in total stockholders' deficit. RUNWAY MEDICAL: Charles Persing Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 2 appointed Charles Persing, a certified public accountant at Bederson, LLP, as Subchapter V trustee for Runway Medical Transport LLC. Mr. Persing will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Persing declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles N. Persing, CPA/CFF, CVA, CIRA, CFE Bederson LLP 100 Passaic Avenue, Suite 310 Fairfield, NJ 07004 Phone: (973) 530-9181 Fax: (862) 926-2481 Email: cpersing@bederson.com About Runway Medical Transport LLC Runway Medical Transport LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-35547) on May 19, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. James J. Rufo, Esq., at The Law Office Of James J. Rufo represents the Debtor as bankruptcy counsel. SAINT AUGUSTINE'S: No Enrollees, Plans to Sell Part of Campus ------------------------------------------------------------- abc11 reports that Saint Augustine's University disclosed alarming financial and operational difficulties during a recent bankruptcy court hearing, including the fact that it currently has no active student enrollment. The development follows the expiration of the university's accreditation on May 15, which required remaining students to continue their education elsewhere. The Raleigh-based historically Black university sought Chapter 11 protection in May, listing liabilities between $50 million and $100 million. University representatives told the court that the institution has approximately $426,000 in cash available as it works to navigate the bankruptcy process and formulate a strategy for repaying creditors, the report states. Among the options under consideration is the sale of part of the university's 105-acre campus. School officials indicated that the property could provide a significant source of value, with estimates placing the campus worth at roughly $200 million. The court also authorized a new $200,000 loan from Self-Help Ventures Fund, adding to financing already obtained to maintain operations during the restructuring, according to report. About Saint Augustine's University Saint Augustine's University is a private historically Black university located in Raleigh, North Carolina. Founded in 1867 by the Episcopal Diocese of North Carolina, the institution was established to provide education to formerly enslaved individuals and has maintained a mission focused on academic excellence and leadership development. Saint Augustine's University sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01864) on April 27, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Ciara L. Rogers, Esq., Kevin L. Sink, Esq., and Jennifer B. Lyday, Esq. of Waldrep Wall Babcock & Bailey PLLC. SAKS GLOBAL: Uses New Tactic to Expedite Chapter 11 Bankruptcy Case ------------------------------------------------------------------- Modaes reports that luxury department store operator Saks has revised its Chapter 11 reorganization plan as it seeks a faster path out of bankruptcy. The amended proposal details how the reorganized company will be governed, establishes a mechanism for pursuing litigation claims, and sets the stage for a confirmation hearing scheduled for June 5, 2026. A key unresolved issue remains the treatment of unsecured creditors, particularly suppliers left with unpaid invoices totaling approximately $1.7 billion at the time of the bankruptcy filing. Nevertheless, the creditors' committee, which includes some of the world's largest luxury brands, has agreed to support the restructuring plan currently before the court, the report states. The proposed plan provides for a $20 million recovery fund for unsecured creditors and authorizes investigations into a range of transactions completed before bankruptcy. Among the matters slated for review are the Neiman Marcus acquisition, arrangements involving Authentic Brands, and various financing and debt-related transactions, according to Mondaes. Meanwhile, Saks is implementing operational changes designed to support its post-bankruptcy future. These include a workforce reduction affecting 16% of corporate employees and the establishment of a reorganized operating entity known as New Saks. The company has also arranged up to $500 million in exit financing, subject to adjustments based on the liquidity available when it emerges from Chapter 11, the report cites. 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 investmentbanker, 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. SALT LAKE DISTILLERY: Seeks to Use Cash Collateral Thru Nov 2026 ---------------------------------------------------------------- Salt Lake Distillery, LLC, doing business as Dented Brick Distillery, asks the U.S. Bankruptcy Court for the District of Utah for authority to use cash collateral and provide adequate protection from June through November 2026. The Debtor states that continued access to cash collateral is essential to maintaining operations and preserving the value of the business as a going concern. The company submitted a six-month operating budget projecting approximately $989,580 in operating expenses, averaging about $164,930 per month. It also submitted a corresponding cash receipts forecast estimating roughly $1.56 million in revenue over the same period, or about $260,000 monthly, generated from Utah Department of Alcoholic Beverage Services sales, retail activity, online sales, tastings, tours, events, and other operations. The Debtor argues that without authority to use the cash collateral, it would be unable to pay payroll, purchase inventory and production materials, maintain insurance and utilities, satisfy taxes, or cover other routine operating expenses, which would significantly disrupt operations and reduce value for creditors. The Debtor identifies several parties that may claim liens or interests in the cash collateral, including Cache Valley Bank, Rotterdam Partners-Dented Brick Mezzanine, Doyle Buchanan, Headway Capital, LLC, and Sterling Commercial Credit, LLC. However, the Debtor expressly reserves its rights to challenge the validity, extent, priority, perfection, enforceability, and secured status of any asserted liens or cash collateral interests. As adequate protection for the affected creditors, the Debtor proposes granting replacement liens on postpetition assets, but only to the extent any creditor can demonstrate an actual decline in the value of its collateral resulting from the use of cash collateral. These replacement liens would maintain the same priority as any valid prepetition liens while remaining subordinate to senior perfected interests. The Debtor also seeks permission to carry forward savings from earlier periods and, with creditor consent, use additional cash collateral for other ordinary business expenses. A copy of the motion is available at https://urlcurt.com/u?l=MdzzMJ from PacerMonitor.com. About Salt Lake City Distillery Salt Lake City Distillery, LLC, operating as Dented Brick Distillery, is a Utah-based craft spirits producer located in Salt Lake City. It specializes in manufacturing alcoholic beverages, primarily focused on distilled spirits production. Salt Lake City Distillery sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-23944) on July 10, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Peggy Hunt handles the case. The Debtor is represented by Steven M. Rogers, Esq. at Rogers & Russell. Cache Valley Bank, as secured creditor, is represented by Reid W. Lambert, Esq. at Strong & Hanni, PC. Rotterdam Partners, as secured creditor, is represented by Brian M. Rothschild, Esq. and Darren Neilson, Esq. at Parsons Behle & Latimer. SANDY LANE: Case Summary & One Unsecured Creditor ------------------------------------------------- Debtor: Sandy Lane Holdings LLC 9663 Santa Monica Blvd. #277 Beverly Hills, CA 90210 Business Description: Sandy Lane Holdings LLC is a special-purpose holding company formed at the request of a creditor to serve as the borrower on a loan secured by real property owned by the guarantor of the loan. Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-15176 Judge: Hon. Barry Russell Debtor's Counsel: Philip W. Boesch, Jr., Esq. BOESCH LAW GROUP 12100 Wilshire Blvd. Ste. 900 Los Angeles, CA 90025 Tel: (310) 578-7880 E-mail: pboesch@pboesch.com Total Assets as of May 25, 2026: $0 Total Liabilities as of May 25, 2026: $12,661,081 The petition was signed by Ross Kemper as manager of Sandy Lane Holdings LLC. The company listed Hankey Capital LLC, of 4751 Wilshire Blvd., Suite 110, Los Angeles, California, as its sole unsecured creditor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5TA5HRQ/Sandy_Lane_Holdings_LLC__cacbke-26-15176__0001.0.pdf?mcid=tGE4TAMA SCILEX HOLDING: Q1 Loss Widens to $45.7MM; Going Concern Deepens ---------------------------------------------------------------- Scilex Holding Company has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $45.7 million for the three months ended March 31, 2026, compared to a net loss of $26.1 million for the same period in the prior year. Revenues for the three months ended March 31, 2026 were $8.6 million, compared to $5 million in the prior-year period. Liquidity and Going Concern On December 22, 2023, the Company entered into a Sales Agreement with B. Riley Securities, Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC, which agreement was voluntarily terminated by the Company effective as of March 5, 2025. Pursuant to the ATM Sales Agreement, the Company was able to offer and sell shares of Common Stock up to $170 million, through or to the Sales Agents as part of the Offering. The Company had no obligation to sell any shares of Common Stock under the ATM Sales Agreement and could suspend offers thereunder at any time. As of March 31, 2026 and March 31, 2025, no sales of Common Stock had been made under the ATM Sales Agreement. On June 11, 2024, the Company entered into that certain Commitment Side Letter with FSF 33433 LLC, pursuant to which FSF Lender committed to provide the Company a loan in the aggregate amount of $100 million. The Commitment Amount shall be payable as follows: (i) $85 million no later than the date that is 70 days following the date on which the Company receives the FSF Deposit (the "Outside Date" and the funding of the initial $85 million, the "Initial Commitment Closing") and (ii) the remaining $15 million within 60 days following the Initial Closing (the funding of the second $15 million, the "Second Closing"). Pursuant to the Commitment Letter, FSF Lender was required to provide the Company a non-refundable deposit in immediately available funds in the aggregate principal amount of $10 million (the "FSF Deposit" and the date on which such funds are fully received, the "Deposit Date"), which amount will be creditable towards the $85 million required to be funded by FSF Lender at the Initial Commitment Closing. The Company received the FSF Deposit on June 18, 2024 and issued to FSF Lender a warrant to purchase up to an aggregate of 3,250,000 shares of the Common Stock (subject to adjustment for stock dividends, stock splits or similar transactions, provided that there shall not be any adjustments to the exercise price of the warrant in the event the Company combines (by combination, reverse stock split or otherwise) the Common Stock into a smaller number of shares, with an exercise price of $1.20 per share. The exercise price and number of shares of Common Stock issuable upon the exercise of the Deposit Warrant may be subject to certain adjustments in the event of any stock dividend, stock split, recapitalization, reorganization or similar transaction, as described in the Deposit Warrant. The Deposit Warrant is immediately exercisable and will expire five years from the date of issuance. In November 2024, the Company fully satisfied the obligations in respect of the Commitment Letter in respect of the FSF Deposit. On October 7, 2024, the Company entered into a securities purchase agreement with certain institutional investors and Oramed Pharmaceuticals Inc., to issue and sell, in a registered offering by the Company directly to the Tranche B Noteholders, a new tranche B of senior secured convertible notes of the Company in the aggregate principal amount of $50 million, which notes will mature on the two-year anniversary of the issuance date and will be convertible into shares of Common Stock at a conversion price equal to $36.40 per share. In exchange for the issuance of the Tranche B Notes to the Tranche B Investors, the Company has received an aggregate amount in cash of $22,500,000, excluding fees and expenses payable by the Company. In consideration for the Tranche B Notes issued to Oramed, the Company has received from Oramed an exchange and reduction of the principal balance under the Oramed Note of $22,500,000. On December 1, 2025, the Company entered into a Non-Recourse Loan and Securities Pledge Agreement with St. James Bank & Trust Company Ltd., a corporation existing under the laws of the Bahamas, pursuant to which the Lender agreed to loan the Company an aggregate principal amount of up to $50 million in one or more tranches. The timing and amount of any particular tranche of the Scilex-St. James Loans shall be determined at the sole discretion of the Lender and the Lender shall notify the Company in advance of its intention to fund a particular tranche. The Scilex-St. James Loans are non-recourse loans, which are collateralized by the shares of Datavault Common Stock held by the Company, wherein St. James will act as the custodian over these collateralized shares. On December 8, 2025, the Company and St. James executed an amendment to the Scilex-St. James Loan Agreement. The Scilex-St. James Loan Amendment, among other things, increased the maximum amount that may be borrowed under the Scilex-St. James Loan Agreement from $50 million to $100 million, and increased the number of shares of Datavault Common Stock collateralizing the Scilex-St. James Loans to 85,838,800 shares. On March 11, 2026, the Company filed a complaint in the United States District Court for the Central District of California against the Lender, certain related parties of the Lender, and The Bank of New York Mellon Corporation. As of that date, the Company had pledged approximately 85.8 million shares of Datavault Common Stock as collateral, which, according to the complaint, were contractually prohibited from being sold absent specified conditions. The Company alleges that the Lender made an unauthorized transfer and sale of the pledged shares through its brokerage accounts, in violation of the terms of the Scilex-St. James Loan Agreement, and further alleges that BNY facilitated the opening and administration of the accounts used in the alleged transactions. The Company is seeking recovery of the pledged shares, compensatory damages in excess of $100 million, punitive damages, disgorgement of profits, and other equitable relief. As of the date of this assessment, the matter remains in the early procedural stages, and no rulings have been issued. Furthermore, on March 16, 2026 the Lender issued a formal letter to the Company addressing the following matters: * Earlier share price defaults which occurred in December 2025 and January 2026 were cured by the Company on a timely basis. * On February 3, 2026, the Lender agreed to forbear from enforcing any events of default arising from a share price default and decreased trading volumes for the period from February 3, 2026 through February 27, 2026. * On March 2, 2026, the unit share price of the Datavault Common Stock declined to $0.68, and the Company did not take steps to cure the resulting share price default. The Lender further noted that additional share price defaults occurred subsequent to March 2, 2026. * The Lender also noted that additional events of default related to decreased trading volumes occurred as of March 2, 2026, which the Company did not attempt to cure. * The Lender asserted that the complaint filed by the Company on March 11, 2026 constituted an additional event of default, and, as a result, the Lender stated that the Scilex-St. James Loan Agreement was terminated effective March 16, 2026. The Lender further stated that neither party had any remaining obligations under the Scilex-St. James Loan Agreement. As of the Loan Termination Date, the Company had pledged a total of 85,665,102 shares of Datavault Common Stock as collateral, which were then transferred and sold by the Lender without authorization from the Company through brokerage accounts of the Lender, as described above. Because the Company no longer has control over these shares, they should be derecognized from the balance sheet. Therefore, in substance, the exchangeable debts were settled by forfeiture of the pledged shares. As the shares of Datavault Common Stock are being carried at fair value under ASC 323, upon the derecognition date (i.e. the Loan Termination Date), the shares should be revalued to their then current fair market value with changes in fair value recognized in unrealized gains and losses on equity investments and no further gain or loss should be recognized when shares are considered "disposed". As of March 16, 2026, the Loan Termination Date, the Company accounted for its investment in Datavault under the equity method of accounting and had elected the fair value option. In connection with the derecognition of 85,665,102 shares of Datavault Common Stock, the Company evaluated whether the equity method remained appropriate. Following such derecognition, the Company continues to own approximately 21% of Datavault's outstanding shares and retains the right to appoint two members to Datavault's board of directors. Based on these factors, the Company determined the equity method of accounting remains appropriate as of March 31, 2026. As of March 31, 2026, the Company's negative working capital was $459.8 million, including cash and cash equivalents of approximately $3.4 million. During the three months ended March 31, 2026, the Company had operating losses of $32.2 million and cash flows received from operating activities of $1.1 million. The Company had an accumulated deficit of $965.1 million as of March 31, 2026. The Company has plans to obtain additional resources to fund its currently planned operations and expenditures and to service its debt obligations (whether under the Oramed Note, the Tranche B Notes or otherwise) for at least 12 months from the issuance of these unaudited condensed consolidated financial statements through a combination of equity offerings, debt financings, collaborations, government contracts or other strategic transactions. The Company's plans are also dependent upon the success of future sales of ZTlido, ELYXYB and GLOPERBA, among which GLOPERBA and ELYXYB are still in the early stages of commercialization. Although the Company believes such plans, if executed, should provide the Company with financing to meet its needs, successful completion of such plans is dependent on factors outside the Company's control. As a result, management has concluded that the aforementioned conditions, among other things, raise substantial doubt about the Company's ability to continue as a going concern for the next 12 months. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/yzsvzvhn About Scilex Holding Company Palo Alto, Calif.-based Scilex Holding Company -- www.scilexholding.com -- is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and, following the formation of its proposed joint venture with IPMC Company, neurodegenerative and cardiometabolic disease. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain, and is dedicated to advancing and improving patient outcomes. Scilex's commercial products include: (i) ZTlido (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration for the relief of neuropathic pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain; (ii) ELYXYB, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) Gloperba, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults. Walnut Creek, California-based BPM LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 10, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $293.6 million in total assets, $547.7 million in total liabilities, and $254.1 million in total stockholders' deficit. SELECTIS HEALTH: Appoints Krystal Eckhart as Interim CEO and CFO ---------------------------------------------------------------- Selectis Health, Inc. announced in a regulatory filing that effective May 14, 2026 the Board of Directors and Adam Desmond agreed that he would resign all positions with the Company including CEO, CFO of the Company and a member of the Board of Directors. A Separation Agreement and Release has been drafted and signed and is available at https://tinyurl.com/ntvt5t9j Accordingly, on May 15, 2026, the Board of Directors of the Company appointed Krystal Eckhart to serve as the Company's Interim CEO and CFO. Ms. Eckhart currently serves as a Vice President of the Company. Krystal Eckhart, age 41, is an accomplished healthcare revenue cycle and financial operations leader with 15+ years of progressive management experience across skilled nursing facilities and multi-state healthcare organizations. Ms. Eckhart has worked with the Company in various capacities since 2016. Currently she serves as a Vice President of Revenue Management, specializing in Lead Medicare and Medicaid operations for 9 multi-state healthcare facilities; overseeing SEC audits, financial reporting, AR/AP operations, and acquisition-related financial processes. She also manages corporate and facility-level employees through training, performance oversight, and operational support. Prior to holding this position Ms. Eckhart served as the Director of Accounts Receivable for the Company focusing on directing Medicare, Managed Care, and Medicaid billing operations in Oklahoma and Georgia; supervising business office managers and maintaining oversight of resident trust accounts; managing audits, aging reviews, month-end close processes, and corporate reporting functions. About Selectis Health Headquartered in Greenwood Village, Colo., Selectis Health, Inc. owns and operates, through wholly-owned subsidiaries, Assisted Living Facilities, Independent Living Facilities, and Skilled Nursing Facilities across the South and Southeastern portions of the US. In 2019, the Company shifted from leasing long-term care facilities to third-party, independent operators towards an owner operator model. New York, NY-based WithumSmith+Brown, PC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has a significant working capital deficiency, has incurred significant losses from operations, has accumulated deficits and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $32.6 million in total assets, $38.8 million in total liabilities, and $6.2 million in total deficit. SELECTIS HEALTH: Swings to $6.53M Net Income in First Quarter ------------------------------------------------------------- Selectis Health Inc. reported fiscal first-quarter net income of $6.53 million for the three months ended March 31, 2026, compared with a loss of $655,969 a year earlier, according to a Form 10-Q filing with the Securities and Exchange Commission. Net income attributable to common stockholders was $6.52 million, or $2.13 a basic share and $1.90 a diluted share, compared with a loss attributable to common stockholders of $670,969, or 22 cents a share, a year earlier. Revenue fell to $7.29 million from $10.49 million. Healthcare revenue declined 32% to $7.18 million, which the company attributed to the sale of two Georgia facilities in mid-January 2026. Management fee revenue was $107,441 for the three months ended March 31, 2026, compared with none a year earlier, due to the start of a management fee arrangement in November 2025. Total expenses declined to $8.55 million from $10.91 million. Property taxes, insurance and other operating expenses fell 25% to $6.07 million, and general and administrative expenses fell 10% to $2.13 million. The company said the operating-cost decline reflected lower operating costs and the sale of the Georgia facilities, while the decrease in general and administrative expenses was tied to lower salary and benefits expense. The company reported a loss from operations of $1.26 million, compared with a loss from operations of $421,746 a year earlier. The company reported income before income taxes of $6.94 million during the period, helped by an $8.90 million gain on the sale of assets, while interest expense, net, rose 70% to $923,784 because of higher interest rates and prepayment premium and debt-payoff fees. Cash used in operating activities totaled $2.29 million for the quarter, compared with cash provided by operating activities of $1.04 million a year earlier. Cash provided by investing activities was $5.02 million, compared with cash used of $219,240, which the company attributed to proceeds from the sale of two Georgia facilities. As of March 31, the company reported cash and cash equivalents of $1.29 million, restricted cash of $192,129, total assets of $30.01 million, total liabilities of $29.75 million and total stockholders' equity of $258,344. Current assets were $9.82 million, current liabilities were $16.32 million, accumulated deficit was $14.73 million as of March 31. The filing said substantial doubt exists about the company's ability to continue as a going concern because of historical losses, projected cash needs, an accumulated deficit of $14.7 million and negative working capital of $6.5 million. Management said its plans include increasing revenue through occupancy and Medicaid reimbursement rates, selling certain facilities, controlling operating expenses and seeking additional capital through debt or equity securities or asset sales. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/Archives/edgar/data/727346/000149315226024987/form10-q.htm About Selectis Health Selectis Health Inc. owns and operates assisted living, independent living and skilled nursing facilities through wholly owned subsidiaries across the South and Southeastern portions of the United States. The company acquires, develops, leases and manages healthcare real estate, provides financing to healthcare providers and provides healthcare operations through wholly owned subsidiaries. Its portfolio includes senior housing and post-acute or skilled nursing operations. In an audit report dated April 15, 2026, WithumSmith+Brown, PC included a going concern qualification, stating that the company has a significant working capital deficiency, has incurred significant losses from operations, has accumulated deficits and needs to raise additional funds to meet its obligations and sustain its operations. The conditions raised substantial doubt about the company's ability to continue as a going concern. SERRA GAUCHA: Gets Court OK to Use Cash Collateral -------------------------------------------------- The United States Bankruptcy Court for the District of Arizona granted Serra Gaucha Brazilian Steakhouse LLC entered an order extending its authority to continue using cash collateral on an interim basis. The Court authorized the debtor to continue using cash collateral pursuant to the amended cash collateral budget previously filed in the case. However, despite the debtor's request for authority through August 31, 2026, the extension was granted only through June 10, 2026, pending further proceedings. As adequate protection for secured interests, the Court found that WebBank was entitled to protection against any decline in the value of its collateral resulting from the debtor's use of cash collateral. The debtor was therefore directed to continue making monthly adequate protection payments of $1,500 to WebBank. The Court scheduled a continued hearing for June 10, 2026, at 2:00 p.m. to consider the debtor's request for authorization to continue using cash collateral through August 31, 2026. Any objections to the proposed continued use of cash collateral must be filed by June 8, 2026. About Serra Gaucha Brazilian Steakhouse LLC Serra Gaucha Brazilian Steakhouse LLC operates as a restaurant business focused on delivering authentic Brazilian churrasco-style cuisine. Serra Gaucha Brazilian Steakhouse LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11201) on November 20, 2025. In its petition, the Debtor reports estimated assets of $100,001Ã¢â‚¬â€œ$1,000,000 and estimated liabilities of the same range. Honorable Bankruptcy Judge Scott H. Gan handles the case. The Debtor is represented by Chris D. Barski, Esq. of Barski Law. SLOAN SCHOOL: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division, entered a final order authorizing Sloan School of Music, LLC's use of cash collateral on a final basis. Under the order, Sloan School of Music, LLC is authorized to continue using cash collateral for ordinary-course business purposes in accordance with its approved operating budget through the Court's consideration of a plan of reorganization. Except as authorized in the order, the debtor is prohibited from using lenders’ prepetition cash collateral, preserving creditor protections while allowing ongoing business operations during the Chapter 11 process. To protect lenders with secured claims supported by sufficient collateral value, the Court granted adequate protection through replacement liens. If the debtor's use of cash collateral diminishes the value of a lender's collateral, that lender receives replacement liens on all post-petition assets and related proceeds, maintaining the same priority and extent as existed with prepetition collateral interests. These adequate protection liens automatically become perfected without the need for additional financing statements or filings, although lenders may still file supplemental documents if desired. The order also preserves the rights of all parties to seek future modifications of adequate protection arrangements or request additional relief, including relief from the automatic stay. Importantly, the protections granted under the order survive confirmation of a reorganization plan, conversion of the case to Chapter 7, or dismissal of the bankruptcy case, ensuring that creditor protections and lien priorities remain effective to the fullest extent permitted by law. About Sloan School of Music LLC Sloan School of Music, LLC is a Maryland-based music store and lesson provider with locations in Hagerstown and Frederick. Founded in 2019, it offers private lessons, group classes, master classes and bands, while also retailing instruments and accessories from brands including Fender, Yamaha and PRS Guitars. The company also operates an online store. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-14152) on April 17, 2026. In the petition signed by David Sloan, as co-founder and chairman, the Debtor disclosed $215,479 in total assets and $1,253,609 in total liabilities. Matthew Abbott, Esq., at Wolff & Orenstein, LLC, represents the Debtor as legal counsel. SMITTY'S LAND V: Commences Chapter 11 Bankruptcy in Arizona ----------------------------------------------------------- On May 27, 2026, Smitty's Land V, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under scheduled for June 30, 2026 at 10:30 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About Smitty's Land V, LLC Smitty's Land V, LLC is a real estate holding company engaged in land ownership, development, and investment activities. Smitty's Land V, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05233) on May 27, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. SMITTY'S LAND V: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Smitty'S Land V, LLC 4400 N. Central Ave Phoenix, AZ 85012 Business Description: Smitty's Land V, LLC is a single-asset real estate company whose main asset is a commercial property at 1515 E. Buckeye Road in Phoenix, Arizona. Chapter 11 Petition Date: May 27, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-05233 Judge: Madeleine C Wanslee Debtor's Counsel: David B. Nelson, Esq. ALLEN, JONES & GILES, PLC 1850 N. Central Avenue, Suite 1025 Phoenix, AZ 85004 Tel: 602-256-6000 Email: dnelson@bkfirmaz.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million Sloane McFarland signed the petition in his capacity as manager of Phoenix Trash & Garbage, LLC, which serves as the Debtor's manager. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JBESOHA/SMITTYS_LAND_V_LLC__azbke-26-05233__0001.0.pdf?mcid=tGE4TAMA SMOKIN OAKS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Smokin Oaks Organic Farms, LLC 2116 8th Avenue South Nashville, TN 37204 Business Description: Smokin Oaks Organic Farms, LLC operates a regenerative organic farm, butcher shop and market based in Nashville, Tennessee. Founded by Justin Head, who transitioned the family farm to organic farming in 2015, the company raises pasture-based livestock, grows organic grain for feed, and sells beef, pork, chicken, produce, grocery items and prepared food through its Nashville market and local food channels. Chapter 11 Petition Date: May 26, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-02488 Judge: Hon. Nancy B King Debtor's Counsel: Henry E. ("Ned") Hildebrand, IV, Esq. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Tel: 615-933-5851 Fax: 629-777-3765 Email: ned@dhnashville.com Total Assets: $409,798 Total Liabilities: $3,147,033 The petition was signed by Justin Head 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/J6XESWA/Smokin_Oaks_Organic_Farms_LLC__tnmbke-26-02488__0001.0.pdf?mcid=tGE4TAMA SPEYSIDE HOLDINGS: Hires Hilco Real Estate as Real Estate Agents ---------------------------------------------------------------- Speyside Holdings LLC, d/b/a Speyside Sand & Stone, and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Hilco Real Estate, LLC to serve as real estate agents. The firm will provide these services: (a) meet with the Debtor to ascertain the Debtor’s goals, objectives, and financial parameters in selling the Property; (b) solicit interested parties for the sale of the Property and market the Property for sale through a managed qualifying bid process; and (c) conduct negotiations, at the Debtor's direction and on the Debtor’s behalf, for the sale of the Property. Hilco Real Estate, LLC will receive a commission equal to: (i) two percent of the first Ten Million Dollars ($10,000,000) of Gross Sale Proceeds; and (ii) one percent of the incremental Gross Sale Proceeds exceeding Ten Million Dollars ($10,000,000). The Debtor will also reimburse Hilco for reasonable and customary expenses, subject to a $20,000 cap unless otherwise agreed in writing. Hilco Real Estate, LLC is a "disinterested person" within the meaning of Section 101(13) of the Bankruptcy Code, and has no adverse interests to the Debtors or the estate, according to court filings. The firm can be reached at: Jeff Azuse Hilco Real Estate, LLC 5 Revere Drive, Suite 320 Northbrook, IL 60062 Telephone: (847) 418-2703 Facsimile: (847) 897-0826 E-mail: jazuse@hilcoglobal.com About Speyside Holdings LLC Speyside Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-26-70730) on February 20, 2026. In the petition signed by Eugene Fernandez, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Sheryl P. Giugliano oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as legal counsel. SPIRIT AIRLINES: 3rd Circuit Affirms Toss of Site Tracking Claims ----------------------------------------------------------------- Gina Kim of Law360 Bankruptcy Authority reports that the Third Circuit has rejected an attempt to revive a class action accusing Spirit Airlines of recording communications from users visiting its website. The court found that the plaintiffs had voluntarily submitted information through their interactions with the airline's digital platform. At issue were allegations that Spirit Airlines deployed website tracking tools that captured user inputs and communications without proper notice or consent. The plaintiffs claimed the airline's conduct violated privacy laws governing electronic communications and consumer data collection, the report states. The appellate court upheld the dismissal, concluding that the pleadings did not support a viable legal claim. The ruling leaves Spirit Airlines free from the proposed class action as the case remains dismissed, according to Law360. About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. SPIRIT AVIATION: Company's Collapse Shakes Budget Airline Sector ---------------------------------------------------------------- Leah Nylen of Bloomberg News reports that Spirit Aviation Holdings Inc., the Florida-based ultra-low-cost airline known for its bright yellow fleet and ultra-cheap fares, ceased operations on May 2, 2026 after more than four decades in business. The carrier ultimately filed for liquidation following years of mounting losses. Often referred to by passengers as operating "banana buses," Spirit became a symbol of the no-frills airline model in the United States. Its strategy emphasized low base fares while charging for add-ons, a formula that helped it grow but also exposed it to financial volatility. The airline's downfall was driven by a combination of rising costs and persistent losses, with recent spikes in jet fuel prices serving as the final blow. Industry pressures accelerated its path toward liquidation, the report states. Spirit's financial unraveling can be traced to mid-2022, when it abandoned a planned merger with Frontier Group Holdings Inc. and instead pursued a transaction with JetBlue Airways Corp. That deal ultimately collapsed, leaving the company increasingly vulnerable in a challenging market, according to Bloomberg. About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines is a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP, as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. Judge Lane approved the appointment of Marc Heimowitz of Coda Advisory Group, LLC as examiner. The Examiner hired Glenn Agre Bergman & Fuentes LLP as counsel; and M3 Advisory Partners, LP as financial advisor. The Air Line Pilots Association and the International Association of Machinists and Aerospace Workers are represented by Cohen, Weiss and Simon LLP. * * * In a statement May 2, 2026, CEO Dave Davis said the airline needed hundreds of millions of dollars in additional liquidity to continue operating. He said that funding was not available and could not be secured from external sources. Having reached the limits of its financing options, the company was left with no alternative but to wind down its business. STAR213PROPERTY LLC: Commences Chapter 7 Bankruptcy in New York --------------------------------------------------------------- On May 27, 2026, Star213Property LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About Star213Property LLC Star213Property LLC is a real estate holding company engaged in the ownership, management, and investment of property assets. Star213Property LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42562) on May 27, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. STARCO BRANDS: Swings to $829,720 Net Loss in Q1 2026 ----------------------------------------------------- Starco Brands, Inc. has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $829,720 for the three months ended March 31, 2026, compared to a net income of $1,976,105 for the same period in the prior year. Revenues for the three months ended March 31, 2026 were $8,979,270, compared to $9,818,757 in the prior-year period. Going Concern The Company has concluded that substantial doubt exists regarding its ability to continue as a going concern within one year after the date that these condensed consolidated financial statements are issued. The principal conditions giving rise to substantial doubt include the Company's history of recurring net losses and continued working capital deficiencies. As of March 31, 2026, the Company reported an accumulated deficit of $103,145,543, including a net loss of $829,720 for the three months ended March 31, 2026, and a working capital deficit of approximately $1.6 million. Management has evaluated the conditions that contributed to substantial doubt. The historical net losses and accumulated deficit are primarily attributable to non-cash or one-time, non-recurring expenses, including goodwill impairment, stock-based compensation, fair value share adjustment losses, and acquisition-related transaction costs. As of March 31, 2026, total debt was approximately $8.0 million, which includes $3,472,500 in notes payable to Ross Sklar, a significant minority shareholder. Of this amount, $1.0 million was funded in July and August 2025 in response to requests from the Company's lender. Mr. Sklar's ownership interest and operational role provide an incentive for him to be supportive of the Company regarding repayment of these notes, consistent with prior periods. On December 22, 2025, the Company entered into a Bridge Term Loan Promissory Note with The Starco Group, Inc., an entity wholly owned by Sklar, providing for up to $5,000,000 in borrowing capacity, including an initial disbursement of $4,500,000. The proceeds were used to repay the Company's revolving loan facility in full and to provide additional working capital. The Bridge Loan bears interest at a variable rate based on the Prime Rate plus an applicable margin, requires monthly interest payments beginning January 1, 2026, and provides for scheduled principal amortization beginning January 1, 2027. The Bridge Loan includes customary covenants and events of default and may be prepaid without penalty. Management is pursuing additional financing sources to enhance liquidity, provide working capital, and support repayment of existing obligations, if necessary. Management is also focused on strategic initiatives intended to increase revenue in the most profitable sales channels and reduce overall expenses as a percentage of revenue. Operational synergies from the Company's shared services model and continued emphasis on profitable channels have contributed to improvements to date and are expected to continue. While the payoff of the revolving loan facility and the execution of the Bridge Loan have provided near-term liquidity, these actions do not eliminate the conditions that raise substantial doubt about the Company's ability to continue as a going concern. The Company's plans are not entirely within its control, and there can be no assurance that additional financing or operational improvements will be achieved as contemplated. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/5xv5ccwp About Starco Brands Santa Monica, Calif.-based Starco Brands, Inc. (OTCQB: STCB) -- starcobrands.com -- invents consumer products with behavior-changing technologies that spark excitement. Starco Brands identifies whitespaces across consumer product categories. Starco Brands publicly trades on the OTCQB stock exchange so that retail investors can invest in STCB alongside accredited individuals and institutions. As of March 31, 2026, the Company had $35,869,132 in total assets, $22,247,779 in total liabilities, and $13,621,353 in total stockholders' equity. Irvine, California-based Macias, Gini, and O'Connell LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated April 14, 2026 attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has a working capital deficit of approximately $1.4 million and an accumulated deficit of approximately $102.3 million at December 31, 2025, including the impact of its net loss of approximately $20.7 million for the year ended December 31, 2025. STAY LLC: Unsecured Creditors to Split $39,600 over 36 Months ------------------------------------------------------------- Stay, LLC filed with the U.S. Bankruptcy Court for the District of Nevada a Plan of Reorganization for Small Business dated May 19, 2026. The Debtor is a Nevada limited liability company, formed on August 2, 2020. The Debtor conducts business under the d/b/a LussoStay. From its formation through the bankruptcy filing, the Debtor operated as a furnished corporate housing company in the Reno Sparks, Nevada area. The Debtor's business model consisted of leasing residential properties from the owner under master lease agreements, and the Debtor would furnish them with corporate housing-grade furniture. The Debtor elected to be treated as a small business debtor under Subchapter V of chapter 11 of the Bankruptcy Code. The Debtor has continued to operate its business as a debtor in possession since the Petition Date. On February 20, 2026, Edward Burr was appointed as Subchapter V Trustee over the Debtor's Chapter 11 Case. The Plan Proponent's financial projections show that the Debtor will have projected disposable income of $1,100.00 per month. The final Plan payment is expected to be paid on or before July 2029. This Plan of Reorganization proposes to pay creditors of the Debtor from its future income. The Debtor is evaluating its inventory and may propose a sale of some of its assets, subject to Court approval. If the Debtor does sell some of its assets, it will amend its proposed Plan accordingly. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately .48 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 3 consists of Non-priority General Unsecured Creditors. Each holder of a Class 3 Allowed general unsecured, non-priority claim shall receive its pro rata share of the sum of $39,600.00 which shall be paid in installments of $1,100.00 starting in Month 1 after the Effective Date, and continuing each and every month thereafter (for a total of thirty-six monthly payments) until that total sum is paid, or such greater amount as the Court may require at the confirmation hearing on the Plan and as consistent with Sections 1190 and 1191 of the Code. Class 3 is impaired. Class 4 Equity Security Holders of the Debtor shall retain their interests in the Debtor, but shall receive no disbursement on account of such equity interest during the Plan Term. Class 4 is unimpaired and is deemed to have accepted the Plan. The Plan will be funded through cash flow from future operations of the Debtor's business. The Debtor's projected budgets are based on historical financials and projected future revenues. The Debtor may liquidate some or all of its personal property assets to pay allowed creditor claims. A full-text copy of the Plan of Reorganization dated May 19, 2026 is available at https://urlcurt.com/u?l=0AUviZ 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 Stay LLC Stay, LLC operated as a furnished corporate housing company in the Reno-Sparks, Nevada area. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50163) on February 18, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Stephen R. Harris, Esq. at Harris Law Practice LLC represents the Debtor as counsel. STEVE CLARK: Plan Exclusivity Period Extended to June 8 ------------------------------------------------------- Judge Lori S. Simpson of the U.S. Bankruptcy Court for the District of Maryland extended Steve Clark Drywall, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 8 and Aug. 7, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the company, and its principal Mr. Steven Riley Clark, have judgments and contract liabilities which are subject to guarantees and have numerous cross liabilities the advancement of which caused this Chapter 11 case, and a case filing in this district by Mr. Clark as an affiliate of this Debtor on April 1, 2026. In addition, there will be a forthcoming Motion for Joint Administration or a Complaint for Substantive Consolidation in the very near term as to these two cases. A reassignment motion of this affiliate case for Mr. Clark is forthcoming to this division and before the bankruptcy judge who is administering the present Chapter 11 case. The Debtor asserts that substantial reworking of various liabilities for treatment in a forthcoming Chapter 11 Plan will be ongoing with the creditor constituency. The Debtor has been the source of Mr. Clark's revenues and a sizeable majority portion of the Debtor's claims are reflected against Mr. Clark as well. The Debtor further asserts that it needs time to source its additional income options and to reduce uncertainties as to sources of new work for the forthcoming Plan of Reorganization. Claims objections will likely be forthcoming to bring to a certainty the Plan base for treatment. Mr. Clark's case has very similar work and required steps. Steve Clark Drywall Inc. is represented by: John D. Burns, Esq. THE BURNS LAW FIRM, LLC 6303 Ivy Lane, Suite 102 Greenbelt, MD 20770 Tel: (301) 441-8780 Email: info@burnsbankruptcyfirm.com About Steve Clark Drywall Inc. Steve Clark Drywall, Inc. provides drywall, ceiling, and plaster contracting services, including installation and repair, for commercial and residential construction projects. Steve Clark Drywall filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 25-21471) on December 8, 2025, listing up to $50,000 in assets and $1 million to $10 million in liabilities. Steven Riley Clark, president of Steve Clark Drywall, signed the petition. Judge Lori S Simpson presides over the case. John D. Burns, Esq., at The Burns Law Firm, LLC, serves as the Debtor's bankruptcy counsel. SUMMER FUN: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------ Summer Fun Pools, Inc. asks the U.S. Bankruptcy Court for the Southern District of Alabama for authority to use cash collateral and provide adequate protection. The Debtor's bankruptcy filing was prompted by collection actions and related lawsuits. It employs several workers and has approximately $9,200 in prepetition wage obligations that became due postpetition, making continued access to cash essential to maintain payroll and preserve its workforce. The Debtor states it is current on insurance premiums (including general liability, auto, and inland marine coverage) and utility obligations, and reports a ServisFirst Bank account balance of approximately $29,305 as of the petition date, with accounts receivable of less than $7,044 and projected monthly income of approximately $65,000. A UCC financing statement filed by Practical Pools & Ponds, LLC is identified as a potential secured claim on cash collateral, though the Debtor reserves the right to dispute any asserted lien. The Debtor asserts that without access to cash collateral, it will be unable to maintain vendor relationships, pay operating expenses, or continue functioning as a going concern, which would undermine any potential reorganization. As adequate protection, the Debtor proposes granting replacement liens on postpetition receivables and future cash flow, which it argues would preserve the value of any prepetition collateral interests consistent with section 361(2). The Debtor also requests authority for banks and financial institutions to honor checks and process transfers necessary for operations. A copy of the motion is available at https://urlcurt.com/u?l=9KUtNz from PacerMonitor.com. About Summer Fun Pools, Inc. Summer Fun Pools, Inc. operates a pool-cleaning business in Alabama. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala. Case No. 26-11395) on May 14, 2026. In the petition signed by Fran Haas, President/Sole Shareholder, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Henry A. Callaway oversees the case. Anthony Brian Bush, Esq., at The Bush Law Firm, LLC, represents the Debtor as legal counsel. SUN GIR: Gets Interim OK to Use Cash Collateral ----------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, entered an interim order granting Sun Gir Incorporated' emergency motion to use cash collateral. The order authorized the debtors to use cash collateral on an interim basis for specific operational purposes, including payment of employee wages, payroll obligations, benefits, and certain compensation for H-1B visa-sponsored store managers employed through Friendly Franchisees Corporation. The debtors were also permitted to pay critical vendor obligations to McLane Company, Inc. and continue paying ordinary-course post-petition operating expenses such as payroll, rent, utilities, insurance, and inventory costs. The debtors were prohibited from making payments to insiders except for expressly approved ordinary compensation, paying management fees, satisfying unauthorized prepetition obligations, or making payments through certain affiliate arrangements unless separately authorized by the Court. These restrictions were designed to ensure that cash collateral would be used solely for essential business operations during the interim period. As adequate protection, the Court granted replacement liens to both Northern Trust and McLane to the extent their collateral value diminished due to the authorized use of cash collateral. Northern Trust also received a potential superpriority administrative expense claim if the adequate protection later proved insufficient. The debtors were additionally required to provide weekly variance reports to Northern Trust, while all parties retained the right to challenge lien validity and priority issues. The interim authorization remained effective through June 3, 2026, with a continued hearing scheduled for that date. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/P2OAD from PacerMonitor.com. About Sun Gir Incorporated Sun Gir Incorporated and affiliates operate 59 Carl's Jr. restaurant locations across California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 8:26-bk-11056-SC) on April 2, 2026. In the petition signed by Harshad Dharod, president, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Scott C. Clarkson oversees the case. Eric Bensamochan, Esq., at Eric Bensamochan Law Firm, Inc. represents the Debtor as legal counsel. SUN GIR: Seeks Chapter 11 Bankruptcy, Liquidates 49 Stores ---------------------------------------------------------- Daniel Kline of The Street reports that Sun Gir Inc., a major Carl's Jr. franchise operator, and five related companies commenced Chapter 11 cases on April 2 in the Central District of California bankruptcy court. The filing names Sun Gir as the lead debtor among the affiliated entities. The franchise group operates 65 Carl's Jr. restaurants throughout California. As part of its bankruptcy restructuring strategy, the company is seeking buyers for 49 of those locations while continuing to evaluate options for the remaining stores. According to court filings, the debtors point to rising labor costs as a significant factor behind their financial struggles. Harshad Dharod, CEO of Friendly Franchisees Corp., stated that California's $20 fast-food minimum wage increased operating expenses and played a role in the company’s Chapter 11 filing, according to report. About Sun Gir Inc. Sun Gir Inc. is a California-based quick-service restaurant operator and one of the larger Carl’s Jr. franchisees in the state. The company operates dozens of Carl’s Jr. locations and is affiliated with Friendly Franchisees Corp., a restaurant management organization led by founder and CEO Harshad Dharod. Sun Gir Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11056) on April 2, 2026. In its petition, the Debtor reports estimated assets and liabilities up to $50,000 each. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Eric Bensamochan, Esq. of The Bensamochan Law Firm, Inc. SUNSET PALM: Seeks to Hire Lorium PLLC as Legal Counsel ------------------------------------------------------- Sunset Palm Villas Condominium Association, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Robert E. Reynolds, Esq. and Lorium, PLLC as its Chapter 11 bankruptcy counsel. Mr. Reynolds and Lorium, PLLC will provide these services: (a) prepare, on behalf of the Debtor, all necessary petitions, schedules, amendments, applications, motions, reports and other legal papers; (b) advise and counsel the Debtor concerning the operation of its business and financial affairs in compliance with Chapter 11 and orders of the Bankruptcy Court; (c) prosecute and defend any causes of action on behalf of the Debtor in Bankruptcy Court; (d) assist in the formulation of a plan of reorganization and the preparation of a disclosure statement and obtain confirmation of same; and (e) provide any other legal services as may be required by the Court or requested by the Debtor and agreed upon by counsel within the scope of expertise. Mr. Reynolds and Lorium, PLLC will be compensated at hourly rates of $300 to $675 for attorneys, $75 to $200 for paralegals, and $550 for Mr. Reynolds. Lorium, PLLC is a "disinterested person" within the meaning of 11 U.S.C. Sec. 327(a), and court filings state that neither the firm nor its attorneys hold or represent any interest adverse to the Debtor or the estate. The firm can be reached at: Robert E. Reynolds, Esq. LORIUM, PLLC 101 NE 3 Avenue, Suite 1800 Fort Lauderdale, FL 33301 About Sunset Palm Villas Condominium Association Inc. Sunset Palm Villas Condominium Association Inc. oversees the management and maintenance of the Sunset Palm Villas residential complex located in Miami, Florida. The association handles property operations, common area upkeep, and enforces community regulations on behalf of unit owners. Sunset Palm Villas Condominium Association Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-17036) on June 21, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtor tapped the Law Offices of Robert E. Reynolds, PA as counsel and Preferred Accounting Services, Inc. as auditor. SUPRA NATIONAL: Plan Exclusivity Period Extended to June 26 ----------------------------------------------------------- Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central District of California extended Supra National Express, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to June 26 and Aug. 24, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that its case is relatively large and complex. The Debtor operates a large logistics company from a yard and storage facility in Long Beach, California containing approximately 6.51 acres and the buildings thereon, which consist of approximately 132,884 square feet of ground floor area in the aggregate. Additional time will also allow the Debtor to try to resolve existing and newly filed claims and improve information and projections contained in the disclosure statement and plan. The Debtor claims that it intends to formulate a plan of reorganization that will enable the Debtor to successfully emerge from its chapter 11 case as a leaner, focused, profitable business, which will benefit all creditors. The Debtor furthered these efforts by, among other things, moving to its new location, obtaining secured factor financing that was approved by the Court, working to employ a new head of marketing and development to improve sales, setting the Admin. Claims Bar Date, and reviewing and engaging in efforts to resolve disputed claims. The Debtor states that it is generally current on its obligations that have become due and owing postpetition and will timely pay its OUST quarterly fees. With that said, the Debtor has surrendered some vehicles and equipment which are no longer beneficial to the Debtor or the estate. The Debtor asserts that it has properly administered its chapter 11 case in that the Debtor has complied with all of the material requirements of the Bankruptcy Code, the Bankruptcy Rules, and the OUST. Under these circumstances, an extension of the exclusivity periods for filing and obtaining confirmation of a plan can be granted with the confidence that the Debtor is in full compliance with the requirements that are a condition to the Debtor maintaining its exclusive right to file a plan and gain acceptance thereof. Supra National Express is represented by: Todd M. Arnold, Esq. Ron Bender, Esq. Robert M. Carrasco, Esq. Levene, Neale, Bender, Yoo & Golubchik LLP 2818 La Cienega Avenue Los Angeles, CA 90034 Telephone: (310) 229-1234 About Supra National Express Supra National Express provides logistics and transportation services, including drayage, warehousing, and international freight, operating primarily from Long Beach and Carson, California, near the Ports of Los Angeles and Long Beach. The Company maintains a fleet of specialized equipment and is licensed as a Non-Vessel Operating Common Carrier (NVOCC), offering technology solutions for transportation management. Supra National Express sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-19576) on October 28, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik, LLP. TCB INVESTMENTS: Taps Gambrell & Associates as Legal Counsel ------------------------------------------------------------ TCB Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to hire Robert Gambrell of Gambrell & Associates, PLLC to serve as legal counsel. Mr. Gambrell will provide these services: (a) consult with any Trustee or any committee concerning the administration of the case; (b) investigate the acts, conduct, assets, liabilities, financial condition of the Debtor, and the operation of the Debtor's business, including the desirability of continuing operations, and matters relevant to the formulation of a plan; (c) formulate a plan of reorganization; and (d) prepare necessary pleadings, motions, answers, notices, orders, reports, and other documents required for the administration of the Chapter 11 case. Mr. Gambrell will receive hourly rates of $375 for attorneys, $275 for senior legal professionals, and $110 for paralegals. The firm has received a $3,000 retainer and will be compensated through the fee application process under the Bankruptcy Code. Gambrell & Associates, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, and the firm has disclosed no conflicts of interest with the Debtor, creditors, or the United States Trustee. The firm can be reached at: Robert Gambrell, Esq. GAMBRELL & ASSOCIATES, PLLC 101 Ricky D Britt Sr Blvd, Ste 3 Oxford, MS 38655 Telephone: (662) 281-8800 Facsimile: (662) 202-1004 E-mail: rg@ms-bankruptcy.com About TCB Investment LLC TCB Investment LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-11354) on April 16, 2026, with $0 to $50,000 in assets and $50,001 to $100,000 in liabilities. Judge Jason D. Woodard presides over the case. Robert Gambrell, Esq. at Gambrell & Associates, PLLC represents the Debtor as legal counsel. TCW REMODEL: Jerrett McConnell Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for TCW Remodel & Construction, LLC. Mr. McConnell will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About TCW Remodel & Construction LLC TCW Remodel & Construction, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02162) on May 14, 2026, with between $100,001 and $500,000 in both assets and liabilities. Laurence Arnold Steel, Esq., represents the Debtor as legal counsel. TENTH PLACE: Commences Chapter 11 Bankruptcy in Arizona ------------------------------------------------------- On May 26, 2026, Tenth Place, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 30, 2026 at 09:45 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About Tenth Place, LLC Tenth Place, LLC is a limited liability company engaged in real estate ownership, development, and investment activities. Tenth Place, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05217) on May 26, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtor is represented by Grant L. Cartwright, Esq. of May, Potenza, Baran & Gillespie, P.C. TEXACO INC: Ends Ch.11 Decision Appeal Allowing La. Suit to Proceed ------------------------------------------------------------------- Hilary Russ of Law360 Bankruptcy Authority reports that Texaco has dropped its appeal of a New York bankruptcy court order that permitted Louisiana local governments to continue pursuing environmental remediation lawsuits valued at as much as $100 billion. The company had challenged a 2025 ruling that rejected efforts to halt the claims through bankruptcy-related defenses. The lawsuits arise from allegations that historic oil and gas activities caused environmental harm across numerous sites in Louisiana. Plaintiffs argue that extensive restoration work is necessary and that energy companies should be responsible for funding cleanup efforts associated with decades-old operations, the report states. The withdrawal of the appeal leaves the lower court ruling undisturbed and allows the environmental cases to proceed in Louisiana courts. The outcome preserves the plaintiffs' ability to pursue potentially massive recovery claims while maintaining pressure on defendants facing long-term environmental liabilities, according to Law360. About Texaco Inc. Texaco Inc. provides oil services. The Company explore, produce, transport, refine, and market crude oil, natural gas liquids, natural gas, and petroleum.[BN] Texaco, Inc., and two of its wholly owned subsidiaries, Texaco Capital Inc., and Texaco Capital N.V., sought Chapter 11 protection (Bankr. S.D.N.Y. Case Nos. 87-B-20142 through 87-B- 20144) on Apr. 12, 1987, represented by the law firm of Weil, Gotshal & Manges, LLP. Lawyers at Kramer, Levin, Nessen, Kamin & Frankel, represented the General Creditors' Committee, and lawyers at Cleary, Gottlieb, Steen & Hamilton, represented the Industry Creditors' Committee. These two unsecured creditors' committees were merged at the Debtor's behest by order of the Honorable Howard Schwartzberg, 79 B.R. 560, on Nov. 12, 1987. Lawyers at Keck, Mahin & Cate represented the Equity Committee. Lawyers at Levin & Weintraub & Crames in New York, Stutman, Triester & Glass, P.C., in Los Angeles, and Baker & Botts, in Houston, Tex., represented Penzoil Company, Texaco's largest creditor. THREE OAKS: Court OKs for Final Use of Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of North Carolina entered a final order authorizing Three Oaks Behavioral Health & Wellness, PLLC's continued use of cash collateral to support ongoing business operations. The Court authorized the debtor to use cash collateral for necessary post-petition operating expenses under an approved budget, with any spending above a 10% variance requiring secured-party approval. The debtor must maintain debtor-in-possession bank accounts, deposit all operating receipts into those accounts, and make disbursements according to the approved budget. The debtor may request amended budgets with secured-party consent or seek additional court approval if needed. The Debtor projects total operational expenses of $690,510.00 for June. As adequate protection, secured creditors including Truist Bank, CT Corporation System, Parkview Advance, LLC, and Corporation Service Company received replacement liens extending to post-petition assets and proceeds, but only to the extent of their valid prepetition interests. Truist additionally received monthly adequate protection payments of $5,000 beginning June 10, 2026, to be applied first toward accrued interest and then principal. The replacement liens are subordinate to a carve-out allowing payment of court-approved professional fees. The order also imposed ongoing reporting and compliance obligations, including delivery of pleadings, financial reports, and access to collateral information for secured parties. Defaults—including failure to comply with the budget, material variances, or failure to timely file a Chapter 11 plan—could result in termination of cash collateral authority. The Court preserved all parties' rights to challenge lien validity and retained authority to revisit cash collateral issues as the reorganization proceeds. The order is available at https://shorturl.at/xRgJl from PacerMonitor.com. About Three Oaks Behavioral Health & Wellness Based in Raleigh, North Carolina, Three Oaks Behavioral Health & Wellness, PLLC operates multiple clinics in the Raleigh-Durham area providing individual, family, and couples therapy, psychological assessments, and specialized programs such as Eye Movement Desensitization and Reprocessing and Dialectical Behavior Therapy, focusing on evidence-based, client-centered care for emotional, psychological, and relational needs. Three Oaks Behavioral Health & Wellness, PLLC in Raleigh, NC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.C. Case No. 26-01207) on March 16, 2026, listing $424,587 in assets and $3,045,036 in liabilities. Casie Hall as manager, signed the petition. Judge Joseph N. Callaway oversees the case. HENDREN, REDWINE & MALONE, PLLC serve as the Debtor's legal counsel. THRILL INTERMEDIATE: Seeks to Extend Plan Exclusivity to June 5 --------------------------------------------------------------- Thrill Intermediate LLC and its affiliates asked the U.S. Bankruptcy Court for the District of Nevada to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 5 and Aug. 6, 2026, respectively. The Debtors explain that they have been negotiating with key constituents towards a consensual plan of reorganization; however, Debtors require some additional time to finalize the negotiations. Therefore, Debtors request a short extension of the Exclusive Periods by 10 days: for the Exclusivity Period up to and including June 5, and for the Acceptance Period up to and including Aug. 6. Since entry of the First Exclusive Periods Extension Order, Debtors and key constituents have engaged in intensive plan negotiations that have resulted in an agreement in principle on the material terms of a plan of reorganization. The Debtors and their professionals are now proceeding with the definitive plan documents, including the plan, disclosure statement, and exhibits, and the Debtors expect to file the proposed plan on or before June 5. The Debtors submit there is ample cause to grant the brief extension of the Exclusive Periods to allow Debtors to seek to file their plan and obtain the requisite acceptances of their plan before incurring the costs, in terms of distraction, time, and expense, of responding to any competing plan of reorganization, particularly in light of having reached a deal in principle with the various parties to these proceedings. The Debtors assert that they remain committed to an efficient successful reorganization and have reached an agreement in principle with the relevant parties. Therefore, the Debtors respectfully submit that they should be entitled to complete this process in a cost-effective and timely manner without the risk of uncertainty and potential delay associated with a lapse of the Exclusive Periods. Counsel to the Debtors: Gregory Garman, Esq. Garman Turner Gordon LLP 7251 Amigo Street, Suite 210 Las Vegas, NV 89119 Telephone: (725) 777-3000 Facsimile: (725) 777-3112 About Thrill Intermediate LLC Thrill Intermediate, LLC, a Las Vegas-based holding company, through its direct and indirect wholly owned subsidiaries, creates and produces television content and has at times produced live entertainment events, most notably the MTV show Ridiculousness, a 30-minute studio clip show where host Rob Dyrdek and co-hosts comment on viral videos featuring stunts, mishaps, and everyday chaos, which constitutes roughly half of MTV's programming. The Company also manages subsidiaries involved in media production, digital marketing, event management, and intellectual property. Thrill Intermediate and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-15714) on September 28, 2025. In its petition, Thrill Intermediate disclosed estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Mike K. Nakagawa handles the cases. The Debtors tapped Gregory E. Garman, Esq., at Garman Turner Gordon, LLP as counsel and Force Ten Partners, LLC as restructuring advisor. Stretto, Inc. is the Debtors' claims, noticing, and solicitation agent. TIGER CAPITAL: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The United States Bankruptcy Court for the Western District of Washington entered an interim order authorizing Tiger Capital Corporation d/b/a MilkVue, a Chapter 11 debtor, to use cash collateral. The debtor is authorized to use cash collateral in accordance with its Monthly Operating Budget attached to the motion. The order permits the debtor to exceed individual budgeted amounts by up to 15% of the total budget. Any expenditures exceeding that variance require either the consent of the secured creditors or further authorization from the court. As adequate protection for the use of cash collateral, the court granted replacement liens to LENDR.Online, LLC, Lincoln Financial, and Rapid Finance, the secured creditors asserting interests in the debtor’s cash collateral. These replacement liens attach, dollar-for-dollar, to post-petition accounts, accounts receivable, cash, and proceeds, preserving the same extent, validity, and priority as the creditors’ prepetition security interests. The liens extend to any account holding cash collateral, including debtor-in-possession accounts, regardless of whether the secured creditors exercise control over those accounts. The interim authorization remains effective through June 30, 2026, unless extended by further court order. A final hearing on the debtor's request for continued use of cash collateral is scheduled for June 25, 2026. Objections to the final use of cash collateral must be filed by June 18, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/DK9iJ from PacerMonitor.com. About Tiger Capital Corporation Tiger Capital Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-41500) with $50,001 to $100,000 in assets and $500,001 to $1 million laibilities. Judge Hon. Mary Jo Heston oversees the case. The Debtor is represented by: Kathryn P Scordato Scordato Law, PLLC Tel: 206-223-9595 Email: kathryn@scordatolaw.com TLC OPERATIONS: Cash Collateral Hearing Set for June 23 ------------------------------------------------------- U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, is set to hold a hearing on June 23 to consider extending TLC Operations, LLC's authority to use cash collateral. The Debtor's authority to use cash collateral under the court's third interim order expires on June 30. The interim order approved the payment of expenses with cash collateral, including deposits and rents, in accordance with the Debtor's budget. It also authorized the Debtor to pay any court-approved retainer request of the Subchapter V trustee. The interim order granted Toorak Capital Partners, LLC and any other potential lien claimants replacement liens on cash collateral and post-petition property similar to their pre-bankruptcy collateral. Toorak Capital Partners is represented by: Michael Dimand, Esq. The Wirbicki Law Group LLC 33 W. Monroe St., Suite 1540 Chicago, IL 60603 Phone: 312-360-9455 Fax: 312-360-9461 mdimand@wirbickilaw.com About TLC Operations LLC TLC Operations, LLC holds multiple residential rental properties located throughout the Chicago metropolitan region. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00760) on January 16, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Luster Lockhart, manager, signed the petition. Judge Timothy A. Barnes presides over the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the Debtor as legal counsel. TM36 LLC: Seeks to Extend Plan Exclusivity to Sept. 1 ----------------------------------------------------- TM36, LLC and affiliates asked the U.S. Bankruptcy Court for the Southern District of Texas to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 1 and Nov. 1, 2026, respectively. The Debtors explain that the size and complexity of a debtor's case alone may provide cause for extending a debtor's exclusivity periods. These chapter 11 cases consist of five separate Debtor entities and involve heavily contested litigation on multiple prepetition projects. Further complicating the dynamics in this case, the largest target of that litigation is an affiliate of a prepetition secured lender who is not a post-petition lender. Since the Petition Date, the Debtors have made significant progress in administering the chapter 11 cases, which also warrants extension of the Exclusive Periods. During the majority of this period, the Debtors were consumed with the contested final approval of the DIP financing. The work performed to date by the Debtors and their professionals has created a path for the Debtors to propose a plan. However, the Debtors require additional time to negotiate with all parties in interest, particularly the Committee. This request for an extension of the Exclusive Periods is the Debtors' first such request and comes less than three months after the Petition Date. Under normal circumstances, the Debtors could have filed this Motion later in the case, but the unique fact of StopLoss, LLC having an earlier petition date required this Motion being filed now. Courts regularly grant a debtor's initial request for an exclusivity extension. The Debtors assert that extending the Exclusive Periods benefits all parties in interest by preventing a drain on time and resources, which inevitably occurs when multiple parties with potentially divergent interests compete for the consideration of their own respective plans. This Motion is not filed for purposes of delay but to afford the Debtors an opportunity to further develop a plan. The extension requested is reasonable and realistic in view of the circumstances of these chapter 11 cases. The Debtors further assert that they seek to maintain exclusivity so parties with competing interests do not impede the Debtors' efforts to obtain stakeholder support for a value-maximizing plan. Extending exclusivity benefits all parties in interest by preventing the drain on time and the resources of the Debtors' estates that will occur when multiple parties, with potentially diverging interests, pursue the consideration of their own respective plans. Additionally, even if the Court approves an extension of the Exclusive Periods, nothing prevents parties in interest from later arguing to the Court that cause supports termination of the Debtors' exclusivity, should such cause arise. Counsel to the Debtors: Aaron J. Power, Esq. Jack M. Eiband, Esq. Grecia V. Sarda, Esq. Porter Hedges LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 Facsimile: (713) 226-6248 Email: apower@porterhedges.com jeiband@porterhedges.com gsarda@porterhedges.com About TM36 LLC TM36, LLC, StopLoss, LLC, StopLoss Logistics, LLC, StopLoss Specialists, LLC, and StopLoss Response Services, LLC provide emergency response and property restoration services focused primarily on large commercial buildings that have sustained significant disaster or weather-related damage. StopLoss LLC functions as the holding company for StopLoss Response Services, LLC, StopLoss Logistics, LLC, and TM36 LLC, while StopLoss Specialists, LLC holds contractor licenses and enters into project contracts. The subsidiaries support project execution through subcontracted restoration work, equipment logistics and transportation, and ownership of operational equipment. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90386) on March 5, 2026. In the petition signed by Pablo Bonjour, chief restructuring officer, TM36 disclosed up to $10 million in both assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Aaron J. Power, Esq., at Porter Hedges, LLP, as bankruptcy counsel and Veritas Restructuring Group as financial advisor. TRINITY POOLS: Seeks to Use Cash Collateral ------------------------------------------- Trinity Pools LLC asks the U.S. Bankruptcy Court for the Eastern District of North Carolina for authority to use cash collateral and provide adequate protection. The Debtor explains that continued business activity requires ongoing expenditures for payroll, supplies, insurance, fuel, subcontractors, truck payments, permits, marketing, accounting, attorney fees, and other operational costs necessary to maintain and preserve the business while it reorganizes. Certain creditors may claim security interests in the Debtor’s cash collateral. The Debtor identifies several UCC-1 financing statements filed in 2025 by entities including CHTD Company, First Corporate Solutions, Corporate Service Company, and CT Corporation System, each acting as representatives for unidentified secured parties. The Debtor states it has been unable to determine the identities of the underlying secured creditors associated with these filings. The Debtor requests authority to use cash collateral to pay ordinary operating expenses and administrative claims during the bankruptcy case. It argues that such use is essential to preserving the business and maximizing value for both secured and unsecured creditors. To protect creditors' interests, the Debtor will maintain separate debtor-in-possession bank accounts and continue depositing all business proceeds into those accounts. The budgets project the Debtor's expected cash flow over an initial 15-day period and a subsequent operational period. The first projection estimates beginning cash of $12,000, receipts of $45,000, expenses of $29,150, and an ending balance of $27,850. A second projection estimates receipts of $60,000 against expenses of $64,125, resulting in a projected balance of $7,875. The Debtor contends these projections demonstrate both the necessity of using cash collateral and the feasibility of continued operations during the Chapter 11 process. A copy of the motion is available at https://urlcurt.com/u?l=BgS5DH from PacerMonitor.com. About Trinity Pools LLC Trinity Pools LLC is an Apex, North Carolina-based swimming pool contractor that provides pool design, in-ground pool installation, and pool maintenance services. The company installs concrete, fiberglass, vinyl, and container pools and also provides related work including decking, hardscaping, tile, coping, and interior finish installation. Trinity Pools & Spas offers maintenance services such as pool openings and closings, winterization, spa maintenance, one-time cleaning, water chemistry balancing, debris removal, and equipment inspection. The company serves communities in the greater Raleigh area, including Apex, Cary, Clayton, Durham, Garner, Morrisville, and Raleigh. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02193) on May 14, 2026. In the petition signed by David Nelms, manager, the Debtor disclosed $165,750 in assets and $1,161,799 in liabilities. Judge David M. Warren oversees the case. George Mason Oliver, Esq., at THE LAW OFFICES OF GEORGE OLIVER, PLLC, represents the Debtor as legal counsel. TRINKINTRINKIN REST: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------------- TrinkinTrinkin Rest by JJ, LLC, asks the U.S. Bankruptcy Court for the Southern District of Florida for authority to use cash collateral and provide adequate protection. The Debtor reports that its financial distress stems from a combination of debt service pressures and prior expansion efforts that included opening and later closing additional locations, which strained liquidity. The Debtor's proposed use of cash collateral is based on a weekly operating projection covering the period from May 22, 2026 through August 14, 2026, which includes expected revenues, cost of goods sold, operating expenses, and net cash flow. The debtor seeks authorization to operate within a budget, with flexibility to exceed individual budget line items by up to 15%, so long as overall spending remains within 15% of the total budget. At least during the initial interim period, the Debtor does not propose to make cash payments as a form of adequate protection, nor does it propose granting additional collateral or waiving rights to challenge the validity, priority, or extent of any liens. The Debtor identifies the Small Business Administration as the primary entity asserting a secured claim against its assets, including cash and receivables, although it expressly reserves the right to contest the validity and scope of any liens asserted. The Debtor proposes that adequate protection be provided through a replacement lien on post-petition receivables and cash flow to the extent they replace prepetition collateral, along with continued business operations and maintenance of insurance and other safeguards. It further argues that preserving operations will protect and potentially enhance creditor recoveries by maintaining the value of the business as a going concern, citing established case law favoring reorganization over liquidation. A copy of the motion is available at https://urlcurt.com/u?l=BbNOrV from PacerMonitor.com. About TrinkinTrinkin Rest by JJ, LLC TrinkinTrinkin Rest by JJ, LLCis a Florida-based restaurant operating in Miami Gardens. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16252) on May 14, 2026. In the petition signed by Jhonatan D. Gomez, manager, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Thomas Zeichman, Esq., at Zeichman Law, represents the Debtor as legal counsel. TRINSEO PLC: Apollo, Oaktree Face Lender Suit Over Liability Deals ------------------------------------------------------------------ AngElica Serrano-Roman of Bloomberg Law reports that a faction of lenders left out of Trinseo's debt restructuring has sued the bankrupt plastics producer along with Apollo Global Management and Oaktree Capital Management, alleging that the transactions violated existing credit agreements. The group claims it was unfairly excluded from key restructuring benefits. The complaint, filed in the U.S. Bankruptcy Court for the Southern District of Texas, asserts that the excluded lenders face near-total losses on hundreds of millions of dollars in claims. They are seeking to void more than $1 billion in intercompany loans and undo amendments to the company's credit agreements, the report relays. According to the lawsuit, the restructuring shifted value toward select creditor groups while diminishing recoveries for others. The plaintiffs argue this violated contractual priorities and improperly altered the agreed framework governing lender rights. The excluded lenders, led by a Cayman Islands fund managed by CastleKnight Management, are asking the court to subordinate competing creditor claims. The litigation adds another layer of dispute to Trinseo's ongoing bankruptcy proceedings, according to report. About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Paul Hastings LLP and PJT Partners advised the Senior Secured Lenders. Gibson, Dunn & Crutcher LLP and Howley Law PLLC represent the OpCo 2028 Ad Hoc Group of lenders. Lazard Freres & Co. also represents the group. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP represent an ad hoc group of holders of 7.625% Second Lien Senior Secured Notes due 2029. TRINSEO PLC: Takes Next Step in Restructuring With Ch. 11 Filing ---------------------------------------------------------------- Trinseo PLC has taken the next step to implement the pre-packaged restructuring plan described in the previously announced Restructuring Support Agreement with parties that hold a significant majority of its debt. The transactions contemplated under the RSA will reduce Trinseo's debt by approximately $2.0 billion and reduce its annual interest expense by approximately $140 million. To implement the pre-packaged restructuring plan described in the RSA, the Company with the support of lenders collectively holding a majority of its senior secured debt has commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Trinseo expects to move through this process on an expedited basis, subject to customary regulatory approvals, and emerge with a stronger financial foundation and enhanced flexibility to drive innovation and support growth. The Company is continuing to operate as usual and continues to deliver the same high-quality products and services its customers value. No concessions from employees, customers, vendors or suppliers are part of the RSA. While the restructuring is expected to benefit the entire Trinseo enterprise, the chapter 11 cases are limited to certain of Trinseo's U.S. affiliates, and certain non-operating affiliates outside the U.S. No other Trinseo affiliates are included in the chapter 11 cases. "We take this next step in strengthening our financial foundation confident that we are best positioning Trinseo for the future," said Frank Bozich, President and Chief Executive Officer of Trinseo. "Through this process, we will significantly improve our balance sheet and financial flexibility while continuing to manufacture products, serve our customers, drive innovation and uphold our commitments to suppliers and vendors. The tremendous support from our lenders reflects their strong belief in Trinseo and the important role we play for customers around the world. We are grateful to our employees for their continued dedication, hard work and resilience, and look forward to all that lies ahead for Trinseo." The restructuring will be funded by a fully committed ~$158 million debtor-in-possession financing, as well as exit financing. Pursuant to the terms of the previously announced RSA, existing lenders are expected to receive nearly 100% of the equity of the reorganized Company. All holders of general unsecured claims, including trade creditors, vendors and suppliers, are expected to be unimpaired. The Company also announced a new $150 million non-recourse revolving credit facility collateralized by Company trade receivables, which replaces its existing financing facility of the same size. As part of the chapter 11 process, the Company has filed customary motions to allow Trinseo to maintain its normal operations, including an All-Trade Motion to pay vendors and suppliers for goods and services provided on or after the filing date under normal terms, ensuring they are unimpaired in the process. In addition, the Company has filed motions pertaining to customer and employee compensation and benefits programs to ensure there will be no impact on customers and employees. For additional information regarding the restructuring, please visit Trinseo's dedicated microsite at www.StrengtheningTrinseo.com. Bankruptcy Court filings and other information regarding the case can be found at https://restructuring.ra.kroll.com/trinseo, or by contacting Kroll Inc., the Company's noticing and claims agent, at (888) 401-9681 (toll-free) and (332) 232-3252 (international). About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Separate lender groups are advised by Paul Hastings LLP and PJT Partners for the Senior Secured Lenders, and by Gibson, Dunn & Crutcher LLP together with Lazard Freres & Co. for the Term Lenders. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. TRIPLE STICKS: Final Hearing Today on Bid to Use Cash Collateral ---------------------------------------------------------------- U.S. Bankruptcy Court for the Southern District of Illinois is set to hold a hearing today to consider final approval of Triple Sticks Foods, LLC's motion to use cash collateral. The Debtor was initially allowed to access cash collateral through May 30 under the court's April 29 interim order. The interim order approved the payment of expenses with cash collateral in accordance with the Debtor's budget. The interim order granted the U.S. Small Business Administration post-petition replacement lien on cash collateral with the same validity, extent, and priority as its pre-petition liens. The SBA is owed approximately $385,880 and holds a lien on pre-petition receivables (as well as inventory and equipment) while the MCA lenders are owed about $129,500 and may also claim liens on receivables. Despite these obligations, the Debtor asserts that these creditors are oversecured, as the value of receivables (approximately $585,000) exceeds the total secured debt, and additional receivables are expected to be generated through ongoing operations. About Triple Sticks Foods LLC Triple Sticks Foods, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30341-mel) on April 16, 2026. In the petition signed by Joseph Trover, principal, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Mary E. Lopinot oversees the case. Eric C. Peterson, Esq., at Spencer Fane, LLP and Dawi Consulting, LLC serve as the Debtor's legal counsel and financial advisor, respectively. TRUETT MEMORIAL: Seeks Cash Collateral Access --------------------------------------------- The Truett Memorial Southern Baptist Church asks the U.S. Bankruptcy Court for the Central District of California for emergency authorization to use cash collateral and provide adequate protection. Truett, a Baptist congregation founded in 1941 with approximately 125 members located in Long Beach, California, stated that it needs continued access to its income to maintain operations while it reorganizes its financial affairs. The church employs three W-2 employees, including Pastor Lance Riley, and relies on eight independent contractors for functions such as music, landscaping, and maintenance services. The filing follows a prior Chapter 11 case filed in December 2025 that was dismissed in April 2026 with a 180-day refiling bar. The bankruptcy court later vacated the bar at the request of new counsel, allowing the present case to be filed on May 4, 2026. The church explained that the bankruptcy was prompted by foreclosure proceedings involving its property at 3435 San Anseline Avenue in Long Beach. The secured creditor, ITEC Financial, Inc., is owed approximately $5.5 million under a matured loan secured by the church property. However, Truett asserts the property is worth between $11 million and $13 million, creating a substantial equity cushion of roughly $5.5 million to $7.5 million above ITEC's lien amount. The church argued that this large equity cushion adequately protects ITEC's interests, making additional adequate protection payments unnecessary. Truett also contended that most of its income, consisting of church tithes and offerings averaging over $21,000 monthly, does not constitute cash collateral because ITEC's deed of trust and assignment of rents only applies to lease income from Alliance Bible Church, a tenant paying $4,000 per month. The Debtor proposes using its income to pay ordinary operating expenses, including utilities, insurance, payroll, contractors, taxes, and property maintenance, with projected monthly net income of approximately $4,611. Truett requested authority to continue using the funds necessary to preserve operations, maintain the property, and pursue reorganization, refinancing, or sale of the church property to satisfy ITEC's claim in full. A copy of the motion is available at https://urlcurt.com/u?l=cLrlPT from PacerMonitor.com. About Truett Memorial Southern Baptist Church Truett Memorial Southern Baptist Church operates as a religious organization in Long Beach, California, providing worship services, faith-based programs, and community ministry activities at its San Anseline Avenue location. The church serves local residents through spiritual gatherings, pastoral care, and charitable outreach such as food assistance programs. Truett Memorial Southern Baptist Church filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20816) on December 3, 2025, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. The petition was signed by Lance Riley as chief executive officer. Judge Neil W Bason presides over the case. RoseAnn Frazee, Esq. at FRAZEE LAW GROUP represents the Debtor as counsel. UNCLE NEAREST: Court Expands Receivership Scope ----------------------------------------------- Janet Patton of the Lexington Herald Leader reports that a Tennessee federal court has widened the scope of a receivership involving Uncle Nearest, the whiskey brand facing financial and legal turmoil, to include an affiliated company accused of concealing a multimillion-dollar loan connected to Jay-Z's investment group. The ruling intensifies oversight of the distillery's corporate structure. U.S. District Judge Charles E. Atchley Jr., in a detailed 62-page opinion issued May 26, 2026 ordered that Grant Sidney Inc. be added to the receivership. The holding company is alleged to have been used by founder Fawn Weaver to obscure a $20 million loan provided by MarcyPen. The court concluded that continued receivership was necessary to maintain control over assets and prevent further complications arising from disputed financial transactions. The judge emphasized the need for stability as legal proceedings continue, the report states. The expansion reflects ongoing concerns about transparency and asset management within the company. The case remains active as the court continues to examine how the loan and related corporate structures were handled, according to report. About Uncle Nearest Uncle Nearest Real Estate Holdings, LLC, based in Shelbyville, Tennessee, owns the Nearest Green Distillery, including the building, furniture, equipment, and fixtures used in its operations. Uncle Nearest sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-30472) on March 17, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Suzanne H. Bauknight handles the case. The Debtor is represented by Lynn Tarpy, Esq., of Tarpy,Cox, Fleishmann, & Leveille, PLLC. UO1351E233 LLC: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------- On May 26, 2026, UO1351E233 LLC filed a Chapter 11 bankruptcy petition in the Eastern District of New York bankruptcy court. The Debtor reported estimated debts ranging from $100,001 to $1 million owed to between 1 and 49 creditors. About UO1351E233 LLC UO1351E233 LLC is a limited liability company involved in business operations and asset management activities. UO1351E233 LLC filed for bankruptcy relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42524) on May 26, 2026. The filing shows estimated assets between $100,001 and $1 million and estimated liabilities between $100,001 and $1 million. US MAGNESIUM: Plan Exclusivity Period Extended to July 7 -------------------------------------------------------- Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware extended US Magnesium LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 7 and Sept. 7, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that this Chapter 11 Case is approximately six months old. Since filing this Chapter 11 Case, the Debtor, working closely with the Creditors' Committee, has made tremendous progress on a relatively tight timeline. The Debtor has worked diligently and in good faith towards a sale of substantially all of its assets. The Debtor claims that it has paid undisputed administrative expenses as they come due and will work to continue to do so. The Debtor continues to monitor its liquidity position closely and is confident that sufficient cash will be available to satisfy their post-petition payment obligations during the requested extension of the Exclusive Periods. The Debtor asserts that the Chapter 11 Case is moving towards a successful conclusion as the Debtor, working closely with the Creditors' Committee, diligently works towards consummation of a sale of substantially all of its assets and confirmation of the Combined Disclosure Statement and Plan. US Magnesium LLC is represented by: Michael Busenkell, Esq. Margaret M. Manning, Esq. Michael Van Gorder, Esq. Gellert Seitz Busenkell & Brown, LLC 1201 North Orange Street, Suite 300 Wilmington, Delaware 19801 Telephone: (302) 425-5800 Facsimile: (302) 425-5814 Email: mbusenkell@gsbblaw.com About US Magnesium LLC US Magnesium LLC is a magnesium producer based in Salt Lake City, Utah. US Magnesium LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11696) on Sept. 10, 2025. In its petition, the Debtor estimated assets and liabilities between $100 million and $500 million each. Judge Brendan Linehan Shannon oversees the case. The Debtor tapped Michael Busenkell, Esq., at Gellert Seitz Busenkell & Brown, LLC as counsel; Carl Marks Advisory Group LLC as restructuring advisor; and SSG Advisors, LLC as investment banker. Stretto, Inc., is the Debtor's claims and noticing agent. VANGUARD CUSTOM: Court Extends Cash Collateral Access to June 29 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois entered a fourth interim order extending Vanguard Custom Woodwork Inc.'s authority to use cash collateral from June 1 to June 29. Under the fourth interim order, the Debtor is permitted to use cash collateral for ordinary business expenses, including adequate protection payments to Huntington National Bank in accordance with the approved budget. The Debtor is allowed a variance of up to 10% per budget line item. As adequate protection, Huntington is entitled to periodic cash payments as outlined in the budget. Additionally, Huntington and any other secured creditors will be granted replacement liens on post-petition assets of the same type and priority as their pre-petition collateral, but only to the extent of any decline in value caused by the Debtor's use of the cash collateral. The replacement liens do not extend to avoidance actions and their proceeds. The order preserves all parties' rights to challenge the validity or extent of any claims or liens and does not constitute any admission by the debtor. A further hearing on continued use of cash collateral is scheduled for June 24. The order is available at http://bankrupt.com/misc/VanguardCustom_4ICCOrder.pdf About Vanguard Custom Woodwork Inc. Vanguard Custom Woodwork Inc. doing business as Valley Custom Woodwork, produces architectural millwork, custom cabinetry, casework, furniture, and surface solutions from its Belvidere, Illinois facility, serving luxury residential, commercial, healthcare, corporate, and multifamily housing markets. The company's operations integrate design collaboration, precision fabrication, and on-site installation to deliver tailored woodwork that meets client specifications and aesthetic goals, while also offering select consumer-ready products through online channels, reflecting a versatile approach across project scales and customer types. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-80416) on March 17, 2026. In the petition signed by Wojciech Wolny, president, the Debtor disclosed up to $10 million in both assets and liabilities. William J. Factor, Esq., at The Law Office of William J. Factor, Ltd. represents the Debtor as bankruptcy counsel. VCHG GHOST: Initiates Subchapter V Bankruptcy in New York --------------------------------------------------------- On May 26, 2026, VCHG Ghost Kitchen Facility, 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 million in debt owed to between 1 and 49 creditors. Chapter 11 Subchapter V Plan Deadline Set for Aug. 24, 2026 About VCHG Ghost Kitchen Facility, LLC VCHG Ghost Kitchen Facility, LLC is a food service and commercial kitchen operator focused on shared and delivery-based food production facilities. VCHG Ghost Kitchen Facility, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42538) on May 26, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. WAIKOLOA VILLAGE: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------ Waikoloa Village Lofts West, LLC and affiliates ask the U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, for authority to use cash collateral and provide adequate protection. The Debtor is owned by The Gary & Janice Pinkston Family Trust dated January 18, 2008, and managed by trustee Gary Pinkston, who also oversees several affiliated entities connected to the trust. It describes a dispute involving Meridian Pacific Holdings, LLC, which allegedly holds a security interest in membership interests and related assets belonging to numerous affiliated entities under a loan agreement executed in August 2023. According to the Debtor, Meridian failed to perform under the terms of the loan agreement, causing substantial financial harm to the debtor, the Pinkston family trust, and affiliated entities. It alleges that Meridian engaged in bad-faith conduct, threatened to exercise purported rights against the membership interests, and continued those threats despite ongoing efforts to resolve the dispute. The Debtor further states that Meridian's alleged claim is less than $58 million, while the affiliated assets and membership interests exceed $400 million in value. In January 2026, the Debtor and related parties filed litigation in Hawaii state court seeking damages, declaratory relief, and injunctive relief against Meridian and related entities, but the threats allegedly continued and ultimately contributed to the Chapter 11 filing. The Debtor states that Hawaii Bank may assert a security interest in certain revenues constituting cash collateral and that no other creditor is known to claim an interest in those funds. As adequate protection for the lender, the Debtor proposes granting replacement liens on post-petition collateral of the same type, extent, and priority as any valid prepetition liens, excluding proceeds from avoidance actions under Chapter 5 of the Bankruptcy Code. The Debtor also reserves all rights to challenge the validity, extent, and secured status of any lender claims while requesting that the court schedule a final hearing to consider ongoing authorization for use of cash collateral and any additional adequate protection terms. A copy of the motion is available at https://urlcurt.com/u?l=buCds3 from PacerMonitor.com. About Waikoloa Village Lofts West, LLC Waikoloa Village Lofts West, LLC owns and manages a 100-unit apartment complex in Waikoloa Village, Hawaii, which constitutes its primary business operations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20761) on May 14, 2026. In the petition signed by Gary Pinkston, manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. WAIKOLOA VILLAGE: Section 341(a) Meeting of Creditors on June 18 ---------------------------------------------------------------- On May 14, 2026, Waikoloa Village Lofts West LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on June 18, 2026 at 09:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 2346407. The deadline to file Statement of Financial Affairs is on May 28, 2026. About Waikoloa Village Lofts West LLC Waikoloa Village Lofts West LLC is a real estate holding and development company associated with residential property interests and related real estate assets. Waikoloa Village Lofts West LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20761) on May 14, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by Ceci Christy, Esq. of Rountree Leitman Klein & Geer, LLC. WALNUT RIDGE: Seeks Cash Collateral Access ------------------------------------------ Walnut Ridge Trucking Company asks the U.S. Bankruptcy Court for the Southern District of West Virginia for authority to use cash collateral and provide adequate protection. The Debtor explains that, at the time of filing, it was indebted to Commercial Credit Group on two commercial equipment loans secured by a 2026 Peterbilt 589 day cab tractor and a 2025 Kenworth W-900 dump truck. The obligations are secured not only by liens noted on the vehicle titles, but also by security agreements and UCC financing statements granting Commercial Credit Group a lien on all of the Debtor's assets. As of the bankruptcy petition date, the debtor owed approximately $442,748 on the loans and equipment, and had fallen behind on payments totaling approximately $9,868 per month. Walnut Ridge Trucking states that use of cash collateral is essential to maintain ongoing business operations. The company generates revenue through trucking activities involving the hauling of lumber, gravel, asphalt, and logs throughout southern West Virginia. The Debtor needs access to cash collateral to fund payroll, payroll taxes, fuel purchases, insurance premiums, vendor payments, and other ordinary operating expenses necessary to keep the trucking operation functioning. The Debtor asserts that Commercial Credit Group likely holds a first-priority lien on accounts receivable and cash collateral, with any other liens being junior in priority. To provide adequate protection for Commercial Credit Group's interests, the Debtor has agreed to grant replacement liens on the same categories of collateral. The proposed consent order also includes provisions establishing a grace period for payment defaults and contemplates potential future modification of the automatic stay under section 362 if necessary to enforce the agreement’s terms. In addition, the Debtor proposes that after a three-month period it will assume the original purchase agreement terms and resume making regular contractual payments on the financed equipment. The Debtor further emphasizes that maintaining and operating the trucks preserves the value of the lender's collateral, thereby providing additional adequate protection. A copy of the motion is available at https://urlcurt.com/u?l=MhY7OT from PacerMonitor.com. About Allen Walnut Ridge Trucking, Inc. Allen Walnut Ridge Trucking, Inc. is a transportation company engaged in freight hauling and logistics services. Allen Walnut Ridge Trucking, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20084) on April 10, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge B. McKay Mignault handles the case. The Debtor is represented by Joseph W. Caldwell, Esq. of Caldwell & Riffee. WELLPATH HOLDINGS: Section 1983 Claims Tossed in Gavilan-Cruz Case ------------------------------------------------------------------ Judge Julia K. Munley of the U.S. District Court for the Middle District of Pennsylvania will dismiss with prejudice Pedro Luis Gavilan-Cruz's Section 1983 claims in his second amended complaint in the case captioned as PEDRO LUIS GAVILAN-CRUZ, Plaintiff v. PENNSYLVANIA DEPARTMENT OF CORRECTIONS, et al., Defendants, Case No. 3:24-CV-1945 (M.D. Pa.). Pedro Luis Gavilan-Cruz initiated the pro se action pursuant to 42 U.S.C. Sec. 1983, alleging that Pennsylvania Department of Corrections officials and medical personnel at a state prison violated his constitutional rights. During all times relevant, Gavilan-Cruz was confined at the State Correctional Institution, Mahanoy (SCI Mahanoy), located in Frackville, Pennsylvania. He initially filed an abbreviated complaint seeking a temporary restraining order or preliminary injunction. That complaint was screened under 28 U.S.C. Sec. 1915A(a) and dismissed without prejudice. Gavilan-Cruz then filed an amended complaint. The gravamen of his amended complaint was that he was experiencing urinary retention issues and allegedly did not receive proper medical care from SCI Mahanoy medical providers. He alleged that from August 2024 through November 2024, he experienced problems emptying his bladder, including what he believes to be "urethral collapse," but that he did not receive appropriate treatment and was not afforded a consultation with an outside specialist. His claims sounded predominantly in Eighth Amendment deliberate indifference to serious medical needs, but he also alleged First Amendment retaliation and Fourteenth Amendment equal protection claims. He additionally asserted numerous state-law torts, including but not limited to battery, fraudulent misrepresentation, lack of informed consent, negligence, medical malpractice intentional infliction of emotional distress, and negligent infliction of emotional distress. Gavilan-Cruz sued the following defendants in his amended complaint: the Pennsylvania Department of Corrections (DOC), SCI Mahanoy, Wellpath LLC (Wellpath), the Bureau of Health Care Services, Dorina Varner, Keri Moore, Superintendent B. Mason, J. Mahallay, L. Banta, Christina Hauser, Rachael Mosells (incorrectly identified in the amended complaint as "Rachel Howells"), J. Eyer, Michele Donovan, E. Gower, Nicholle Boguslaw, Catherine Fisher, Lynda Hiltner, C. Toms, and three unidentified SC| Mahanoy medical providers (John Doe, Jane Doe #1, and Jane Doe #2, collectively "Doe Defendants'). He sued all Defendants in their individual and official capacities. He sought retrospective declaratory relief, compensatory and punitive damages, and prospective injunctive relief in the form of better medical care. In November 2024, defendant Wellpath filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. This case was subsequently stayed pursuant to the automatic stay entered by the bankruptcy court. Following the lifting of the automatic stay, the court reopened this case. Wellpath then moved for dismissal of the claims against it, as those claims had been discharged in bankruptcy. The court granted that motion, dismissing all claims against Wellpath. The court additionally directed counsel for Wellpath to identify any named defendants who were current or former Wellpath employees, as claims against those employees may have been released as part of the Chapter 11 plan. Counsel for Wellpath identified Nicholle Boguslaw, Rachael Mosells, and Catherine Fisher as current or former Wellpath employees. The court then ordered Gavilan-Cruz to show cause as to whether he had affirmatively opted out of the Third-Party Release contained in Wellpath's confirmed Chapter 11 plan so that he could pursue pre-petition claims against Boguslaw, Mosells, and Fisher. Gavilan-Cruz did not offer any allegation or evidence that he had opted out of the Third-Party Release or sought any other relief in the Chapter 11 proceeding, and therefore all claims against Boguslaw, Mosells, and Fisher were dismissed without prejudice to Gavilan-Cruz's right to pursue relief in the bankruptcy court. Gavilan-Cruz asserts Section 1983 claims under the Eighth and Fourteenth Amendments. He additionally mentions several state-law tort claims, although these claims are largely undeveloped. Gavilan-Cruz has been given multiple opportunities to amend but has repeatedly failed to state a claim upon which relief may be granted. His second amended complaint likewise fails to plausibly allege a constitutional violation, so the court will dismiss with prejudice his Section 1983 claims pursuant to 28 U.S.C. Sec. 1915A(b)(1) and will decline to exercise supplemental jurisdiction over any remaining state-law claims. A copy of the Court's Memorandum dated May 14, 2026, is available at https://urlcurt.com/u?l=uHUeXR About Wellpath Holdings Wellpath Holdings, Inc., formerly known as CCS-CMGC Holdings, Inc., is a provider of medical and mental healthcare in jails, prisons, and inpatient and residential treatment facilities. Wellpath Holdings and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 24-90533) on Nov. 11, 2024. Timothy Dragelin, chief restructuring officer and chief financial officer, signed the petitions. At the time of the filing, the Debtors reported $1 billion to $10 billion in assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Marcus A. Helt, Esq., at McDermott Will & Emery, LLP, as bankruptcy counsel; FTI Consulting, Inc., as financial advisor; and Lazard Freres & Co., LLC and MTS Partners, LP as investment banker. The Bankruptcy Court confirmed the chapter 11 plan on May 1, 2025. WEST RIDGE: Unsecureds to Get Share of Trade Creditor Fund ---------------------------------------------------------- West Ridge, Inc., and affiliates filed with the U.S. Bankruptcy Court for the Northern District of West Virginia a Combined Plan of Reorganization and Disclosure Statement dated May 19, 2026. WRI is a private corporation owned by the Lynch Family and organized and operating under the laws of the State of West Virginia. The Lynch Family has operated in the Morgantown area for decades. Ryan Lynch is the current president of WRI. Lynch and/or WRI have spearheaded numerous significant real estate and infrastructure development projects, including the WestRidge Development. The Debtors' largest planned infrastructure program is the Exit 155 Project, a transformative public-private infrastructure project with an estimated budget of approximately $135 million, undertaken in collaboration with the Monongalia County Commission, the West Virginia Department of Highways ("WVDOH," or "DOH"), and the United States Department of Transportation ("USDOT"). The Exit 155 Project is centered around the development, design, and construction of a new and substantially improved Exit 155 interchange connecting Interstate 79 to Chaplin Hill Road on the northern end of the WestRidge Development. Successful completion of the Exit 155 Project is a central component of the Debtors' business plan and the feasibility of the Plan. The project will allow WRI to honor commitments made to WVDOH, the County Commission, USDOT, State officials, federal elected officials, and other stakeholders. Maintaining those relationships is not merely a matter of goodwill; it is fundamental to the Debtors' ability to access public financing tools, complete public infrastructure, and continue developing the WestRidge Development. In connection with the Chapter 11 filings of WRCPI, WRCD and WRCP3 (collectively, the "StanCorp Debtors"), these debtors had hoped they would locate appropriate funding to enable them to reorganize and operate these properties as a going concern while also reaching a consensual deal, in which StanCorp would agree to sell its position to a third-party lender. Various lenders were contacted, but overall timing and logistics prevented the Debtors from obtaining a workable re-financing facility, and thus, a sale of these real estate properties is appropriate. The Debtors have retained Hilco to broker a sale of the StanCorp Debtors' real property. Simultaneously with the filing of this Plan, the Debtors will be filing a motion to approve bid procedures for the purpose of selling these properties as part of a commercially reasonable sale process. While the sale process is ongoing, Summit is contemplating an acquisition of the StanCorp WRCD Loan (the "Loan Sale"). The Debtors have agreed to allow Summit and StanCorp to reach consensual resolution on the Loan Sale while the StanCorp Debtors are marketing the StanCorp Debtors' real property. Class 8 consists of General Unsecured Trade Claims. Except to the extent that a Holder of an Allowed Class 8 Claim against a Debtor agrees to a less favorable or different treatment, that Debtor shall deliver to each Holder of an Allowed Class 8 Claim on the Initial Distribution Date, and/or on such Distribution Date(s) established by the Debtors after the Initial Distribution Date, (i) their pro rata share of funds from that Debtor's share of the Trade Creditor Fund, as allocated to each Debtor pursuant to Article 7.1(e) herein, and (ii) their pro rata share of funds from that Debtor's Distributable Cash. Class 8 is Impaired by this Plan and is entitled to vote to accept or reject this Plan. The allowed unsecured claims total $6,800,000.00. Class 10 consists of Interests. Class 10 is Impaired by this Plan because Holders of Class 10 Interests will receive no Distributions under this Plan. Holders of Allowed Class 10 Interests shall not retain existing ownership interests under this Plan. The Plan contemplates the reorganization of the Debtors, by which the Debtors shall emerge from bankruptcy and continue to operate their business with a completely restructured balance sheet. Except as may otherwise be provided in the Plan, all of the property of the Debtors and their estates shall revest automatically in the Debtors free and clear of any and all Claims, Liens and Equity Interests, except for those Claims and Liens expressly provided for in the Plan pursuant to Bankruptcy Code Sections 1141(b) and (c), without the need for any further notice or order of the Bankruptcy Court, act or action under applicable law, regulation, order or rule or the vote, consent, authorization or approval of any Person or Entity, except for any asset that is expressly excluded or disclaimed. Simultaneous with the filing of this Plan, the StanCorp Debtors have filed a certain sale procedures motion (the "Sale Motion"), pursuant to which these debtors seek approval of, among other items, bid procedures for the StanCorp Debtors Sale of WRCPI, WRCD, and WRCP3 real property. Upon the closing of the StanCorp Debtors Sale, or as soon as reasonable thereafter, the Debtors shall distribute the StanCorp Debtors Sale Proceeds to Holders of Allowed Class 7 StanCorp Secured Claims, up to, but not to exceed, the Allowed amount of their Claims. To the extent any StanCorp Debtors Sale Proceeds remain after this distribution, such funds shall constitute the Distributable Cash of Debtor WRCPI. Summit and StanCorp shall have until June 15, 2026 to reach a consensual resolution with regard to a Loan Sale. If no consensual resolution is reached, the StanCorp Debtors will proceed with the Sale Motion and sale process. If a consensual resolution is reached, AJ-RSE shall deposit $2,000,000.00, which shall be a new value capital contribution in the StanCorp Debtors postconfirmation on or before 12:00 p.m. on June 15, 2026. A full-text copy of the Combined Plan and Disclosure Statement dated May 19, 2026 is available at https://urlcurt.com/u?l=TixKwh from PacerMonitor.com at no charge. Counsel to the Debtors: David L. Dubrow, Esq. Scott B. Lepene, Esq. Nicholas A. Marten, Esq. Patrick Feeney, Esq. Carolyn Indelicato, Esq. ARENTFOX SCHIFF LLP 1301 Avenue of the Americas, 42nd Floor New York, NY 10019 Telephone: (212) 484.3900 Facsimile: (212) 484.3990 Email: david.dubrow@afslaw.com scott.lepene@afslaw.com nicholas.marten@afslaw.com patrick.feeney@afslaw.com carolyn.indelicato@afslaw.com - and - Annie Y. Stoops, Esq. ARENTFOX SCHIFF LLP 555 South Flower Street, 43rd Floor Los Angeles, CA 90071 Telephone: (213) 629-740 Facsimile: (213) 629-7401 Email: annie.stoops@afslaw.com About West Ridge West Ridge, Inc., engaged in real estate development and management in Morgantown, West Virginia, operating under a unified management structure. West Ridge and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W. Va. Lead Case No. 25-00451) on Aug. 18, 2025. In its petition, West Ridge reported estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge David L. Bissett handles the cases. The Debtors tapped David B. Salzman, Esq., at Campbell & Levine, LLC as bankruptcy counsel and Barth & Thompson as local counsel. WILFONG HOSPITALITY: Seeks Chapter 11 Bankruptcy in West Virginia ----------------------------------------------------------------- On May 28, 2026, Wilfong Hospitality II, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of West Virginia. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. Deadline to File Summary of Assets and Liabilities: June 11, 2026. About Wilfong Hospitality II, LLC Wilfong Hospitality II, LLC is a hospitality company engaged in the ownership, management, and operation of lodging and hospitality-related assets. Wilfong Hospitality II, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00366) on May 28, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge David L. Bissett handles the case. The Debtor is represented by Stephen L. Thompson, Esq. of Barth & Thompson. WISE INVESTMENT: Gina Klump Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 17 appointed Gina Klump, Esq., at the Law Office of Gina R. Klump, as Subchapter V trustee for Wise Investment Properties, LLC. Ms. Klump will be paid an hourly fee of $535 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Klump declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gina Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Phone: (707) 778-0111 Email: gklump@klumplaw.net About Wise Investment Properties LLC Wise Investment Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30424) on May 18, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Kevin Tang, Esq., at Tang & Associates represents the Debtor as legal counsel. [] ATTOM Q2 2026 Report Shows Rise in Zombie Foreclosure Rates -------------------------------------------------------------- ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, released its latest Vacant Property and Zombie Foreclosure Report showing that nearly 1.4 million homes, or 1.3 percent of residential properties in the United States, were vacant in the second quarter of the year. That was the same rate as the previous quarter and as the second quarter of 2025. The report analyzes publicly recorded real estate data collected by ATTOM -- including foreclosure status, equity and owner-occupancy status -- matched against monthly updated vacancy data. Out of the country's 104.9 million residential properties, 245,376 were in the foreclosure process in the second quarter. Of those, 8,312 properties, or 3.4 percent, were "zombies," meaning the owners had abandoned the properties before the end of their foreclosure proceedings. The second quarter zombie rate was slightly higher than the 3.3 percent rate posted in the first quarter and at the same time last year. "The increase in zombie foreclosures across most states may reflect a foreclosure market that is slowly returning to more normalized levels," said Rob Barber, CEO of ATTOM. "At the same time, overall vacancy rates remain relatively steady nationwide, while zombie foreclosures still represent only a small share of homes in the foreclosure process." Number of zombie properties rises in most states The number of zombie properties rose quarter-over-quarter in 38 states and the District of Columbia. Among states with at least 100 zombie properties in the second quarter, the largest quarter-over-quarter increases were in Georgia (up 98 percent to 101 zombie properties), North Carolina (up 67.2 percent to 102 zombies), Indiana (up 42 percent to 294 zombies), Iowa (up 35.5 percent to 126 zombies), and South Carolina (up 15.4 percent to 150 zombies). Only two states with at least 50 zombie properties saw their numbers drop: Washington (down 13.1 percent to 53 zombies) and New York (down 2.2 percent to 1,352 zombies). Northeastern vacancy rates lowest The states with the highest residential property vacancy rates in the second quarter were Oklahoma (2.4 percent), Kansas (2.4 percent), Alabama (2.2 percent), West Virginia (2.1 percent), and Missouri (2.1 percent). The states with the lowest vacancy rates were New Hampshire (0.3 percent), Vermont (0.4 percent), New Jersey (0.5 percent), Connecticut (0.5 percent), and Idaho (0.6 percent) Double-digit zombie rates in several Midwestern metros Out of 138 metropolitan statistical areas with sufficient data to analyze, meaning they had at least 100,000 residential properties and at least 100 properties in the foreclosure process in the second quarter, the highest zombie rates were in Cedar Rapids, IA (13.2 percent); Wichita, KS (12.9 percent); Youngstown, OH (11.4 percent); Cleveland, OH (10.9 percent); and Akron, OH (10.6 percent). Of those metros, the lowest zombie rates were in Grand Rapids, WY (0%); Trenton, NJ (0.2 percent); Atlantic City, NJ (0.4 percent); Provo, UT (0.5 percent); and Santa Rosa, CA (0.5 percent). Vacancy rates for investor-owned homes are more than double national rate Properties owned by institutional investors were more than twice as likely to be vacant as residential properties overall in the second quarter. Out of 25.1 million institutional investor-owned homes, 890,135, or 3.5 percent, were vacant. The states with the highest vacancy rates for investor-owned homes were Indiana (7.1 percent); Illinois (6.2 percent); Kansas (6 percent); Oklahoma (6 percent); and Alabama (6 percent). The states with the lowest vacancy rates for investor-owned homes were New Hampshire (0.9 percent); Vermont (1 percent); Idaho (1.3 percent); North Dakota (1.5 percent); and New Jersey (1.6 percent). More than 30 percent of pre foreclosure homes vacant in multiple zip codes nationwide Out of 2,391 zip codes with at least 1,000 residential properties and at least 25 in the foreclosure process in the second quarter, the highest zombie rates were in 21217 in Baltimore, MD (51.6 percent); 91001 in Los Angeles, CA (50 percent); 33708 in Tampa, FL (37.9 percent); 32118 in Daytona, FL (37.5 percent); and 34652 in Tampa, FL (33.7 percent). Conclusion ATTOM's second quarter analysis of vacant and zombie homes found that the national vacancy rate held steady at 1.3 percent while the rate of zombie homes inched upward to 3.4 percent. Zombie rates rose in the majority of states and were higher among investor-owned properties. Report Methodology ATTOM analyzed county tax assessor data for nearly 104.9 million residential properties for vacancy, broken down by foreclosure status and owner-occupancy status in the second quarter of 2026. Only metropolitan statistical areas with at least 100,000 residential properties and 50 properties in pre-foreclosure, counties with at least 50,000 residential properties and zip codes with at least 1,000 residential properties and 25 in pre-foreclosure were included in the analysis. Report Definitions Vacant Rate The percentage of all residential properties that are unoccupied at the time of analysis, regardless of foreclosure status or ownership type. "Zombie" Foreclosure Rate (Pct Pre-Foreclosures Vacant) The percentage of properties in the foreclosure process that are vacant because the owner has abandoned the property prior to the foreclosure being completed. Vacant Investment Rate The percentage of investor-owned residential properties that are unoccupied, measured against the total number of investor-owned homes. Vacant Bank-Owned (REO) Rate The percentage of bank-owned (REO) residential properties that are vacant after foreclosure has been completed and ownership has transferred to the lender. About ATTOM ATTOM delivers AI-driven property intelligence built on one of the nation's most trusted property data assets, covering 160 million U.S. properties--99% of the population. Our engineered, multi-sourced real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics and AI-driven applications through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data--enabling organizations to automate analysis and scale property intelligence across industries. Media Contact: Megan Hunt megan.hunt@attomdata.com Data and Report Licensing: (949) 502-8313 datareports@attomdata.com [] FTI Appoints Damon Yousefy as Senior Managing Director --------------------------------------------------------- FTI Consulting, Inc. announced the appointment of Damon Yousefy as a Senior Managing Director in the Transactions practice within the firm's Corporate Finance segment. Mr. Yousefy, who is based in Dallas, specializes in restructuring and bankruptcy tax and has worked on numerous notable debt restructurings advising companies on complex tax matters. His experience also includes large-scale mergers and acquisitions as well as distressed M&A services across a variety of industries including oil and gas, technology, media, mining and other sectors. In his role at FTI Consulting, Mr. Yousefy will support companies in financial distress on complex tax issues such as cancellation of debt income, significant modifications, liability management transactions, and partnership tax considerations in restructurings. He will also help clients through tax due diligence, structuring, and tax modeling for U.S. and international transactions. "Geopolitical instability and high energy prices are impacting multiple industries, while interest rates and private credit stress add pressure to leveraged companies," said Melissa Wichman, Co-Leader of U.S. Tax Advisory at FTI Consulting. "Damon's track record of delivering value through early tax intervention and his ability to work across industries will be instrumental to help our clients successfully navigate market volatility." Prior to joining FTI Consulting, Mr. Yousefy was a Managing Director at Alvarez & Marsal, where he managed distressed client engagements and led multi-billion-dollar debt restructuring and bankruptcy tax engagements. He previously worked at PwC, where he focused on M&A and restructuring tax services. Commenting on his appointment, Mr. Yousefy said, "FTI Consulting is known in the industry as a leading restructuring firm, capable of offering clients fully integrated and comprehensive tax support. I look forward to joining my colleagues as we anticipate challenges, preserve liquidity and unlock value for our clients." About FTI Consulting FTI Consulting, Inc. -- http://www.fticonsulting.com/-- is a global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of December 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. [] Jerry Hall Joins Dechert's Restructuring Practice as Partner --------------------------------------------------------------- Dechert LLP announced that Jerry Hall has joined the firm as a partner in its restructuring practice, based in New York. Mr. Hall's arrival follows financial restructuring partners Marcus Helt, Debbie Green and Jack Haake, who joined Dechert earlier this month, continuing the firm's investment in its restructuring capabilities. He brings more than two decades of experience advising clients on financial and operational restructurings across the United States with a practice that spans bankruptcy litigation, debtor representations, committee work, independent director engagements, distressed purchasers and creditor-side matters across a wide range of industries. "Jerry has built a practice that covers considerable ground in the restructuring space," said David Forti, co-chair of Dechert. "His experience working alongside debtors, independent directors and official committees in significant Chapter 11 cases gives him a perspective that is directly applicable to the complex situations our clients face. We are pleased to have him join the firm." "Restructuring matters rarely follow a single script, and clients benefit from counsel who have worked across different sides of the table," said Mike Poulos, vice chair and global head of strategy. "The breadth of Jerry's experience will be invaluable to our clients." Mr. Hall focuses his practice on restructuring, bankruptcy and insolvency, with a particular emphasis on distressed situations and litigation. He counsels troubled companies, independent directors, indenture trustees, debtors-in-possession, official committees, distressed debt investors, secured lenders and lessors. His industry experience spans healthcare, agriculture, aerospace and aviation, entertainment, finance, gaming and hospitality, life sciences, manufacturing, real estate, retail and telecommunications. "The restructuring group at Dechert approaches complex matters across industries, client types and jurisdictions with practical creativity in and out of the courtroom," said Mr. Hall. "That matches my own approach, and I am excited to contribute to the work the team does for clients navigating difficult situations." Mr. Hall, Mr. Helt, Ms. Green and Mr. Haake are among 45 lateral partners the firm has welcomed this year, consistent with Dechert's strategic goal of strengthening capabilities across its steeples of excellence, including litigation, investment management, finance and restructuring, capital markets and securitization, and mergers and acquisitions. Dechert has a market-leading financial restructuring team with experience representing clients around the globe. Its lawyers are known for ground-breaking matters, innovative deal structuring, creative solutions, seamless cross-border advice and court victories. It represents a wide range of creditor and debtor clients on the full spectrum of complex cross-border restructuring, bankruptcy and insolvency matters. About Dechert For more than 150 years, Dechert has advised clients on critical issues -- from high-stakes litigation to ﬁrst-in-market transaction structures and complex regulatory matters. The firm's lawyers in commercial centers worldwide are immersed in the key sectors it serves -- ﬁnancial services, private capital, real estate, life sciences and technology. [] Kenneth Kansa Joins Steptoe's Insolvency Practice in Chicago --------------------------------------------------------------- Steptoe LLP announced that Kenneth P. Kansa, a highly experienced restructuring and bankruptcy partner with more than twenty-five years in practice, has joined the firm's Chicago office from Barnes & Thornburg LLP. Mr. Kansa counsels clients navigating financial distress, complex restructurings, and high-stakes insolvency matters across a wide range of industries. His practice focuses on guiding businesses through both in-court and out-of-court restructurings, helping organizations address immediate financial challenges while best positioning them for long-term stability and growth. He has extensive experience negotiating and implementing Chapter 11 reorganizations, structuring out-of-court debt solutions, and executing strategic transactions to address legacy and other liabilities with finality. Outside of his company-side representations, Ken has represented numerous asset purchasers, financing providers, and other key stakeholders in restructurings around the world. In addition, Mr. Kansa advises both company-side and creditor-side clients on bankruptcy-related real estate, tax, and corporate governance issues. He is a recognized thought leader who frequently speaks at professional organizations and continuing legal education programs on corporate structuring, commercial lease treatment in bankruptcy, and cross-border insolvency developments. The move is part of a wider strategic focus by Steptoe to build on its strengths in the country's "second city." Mr. Kansa's arrival follows that of litigators Robert J. Palmersheim, William B. Berndt, Nicholas A. Burandt, and Timothy G. Parilla and the recent arrival of financial regulatory and investigations partner Trace Schmeltz, data privacy partner Christian Auty, and returning Steptoe alumna intellectual property partner Kate Tellez. "Ken's arrival reflects our deliberate strategy to deepen our capabilities in Chicago and align our platform with the evolving needs of clients facing complex financial challenges," said Chicago office managing partner Rachel Cannon. "We are investing in areas where we see sustained demand for sophisticated, business-oriented counsel at critical moments." "I was drawn to Steptoe's strong reputation for handling sophisticated matters and the opportunity to work alongside a talented, multidisciplinary team," said Mr. Kansa. "I'm excited to continue working with my friend and former colleague Trace Schmeltz and to support clients on their most important issues." Mr. Kansa earned his J.D. from the University of Virginia School of Law, his M.A. from Cleveland State University, and his B.A. from George Washington University. About Steptoe In more than 110 years of practice, Steptoe has earned an international reputation for vigorous representation of clients and innovative thinking before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, Houston, London, Los Angeles, New York, San Francisco, and Washington, DC. On the web: http://www.steptoe.com/ [] Vida Law Firm Explains Bankruptcy Options for Business Owners ---------------------------------------------------------------- The article outlines how personal guarantees, bankruptcy protection, and asset planning affect business owners facing financial risk. How can small business owners protect themselves from personal financial loss when facing business debt? That question is answered in a HelloNation article featuring insights from Carla Vida and Behrooz Vida of The Vida Law Firm, PLLC. The article offers a detailed explanation of how personal liability can arise for business owners, even when operating under a formal business structure like an LLC or corporation. According to the article, one of the most common causes of financial exposure is personal guarantees. These guarantees, often required by lenders and landlords, legally bind the owner to repay business debt if the company cannot. The article stresses that understanding this risk is critical to managing both short- and long-term financial security. The HelloNation article also highlights that business debt does not always stay confined to the business. If obligations such as leases, loans, or taxes go unpaid, creditors can pursue the individual if they have signed personal guarantees. The article notes that in some cases, business owners may need to consider personal bankruptcy protection to resolve these debts, even if the business itself remains operational. Asset protection plays a central role in managing this exposure. The article explains that some assets, including homesteads or retirement accounts, may be protected under state law during bankruptcy proceedings. However, not all assets are exempt. Individuals want to protect assets in bankruptcy, and not all assets are equally protected. Bankruptcy law is federal law, but asset protection rules vary widely from state to state, making location-specific planning especially important. This makes early planning especially important for those considering bankruptcy protection. By identifying which assets are protected and which may be at risk, business owners can create a strategy that minimizes personal financial harm. The article also clarifies that bankruptcy protection comes in multiple forms, primarily Chapter 7 and Chapter 13. Chapter 7 may discharge eligible debts but could involve the liquidation of certain assets. Chapter 13 allows for structured repayment while keeping protected property. The article recommends consulting with a qualified bankruptcy attorney to determine which approach best suits a given financial situation and to understand how to preserve essential assets through the process. Another key point discussed in the article is the wide range of debt obligations that can lead to personal liability. Beyond loans and leases, unpaid taxes, business credit cards, and payroll obligations can all become the responsibility of the owner. The article notes that many business owners mistakenly assume they are protected just because they have a formal legal structure, but that assumption often leads to costly surprises. Throughout the article, the importance of proactive measures is emphasized. Business owners are advised to keep business and personal finances separate, limit the use of personal guarantees, and maintain organized financial records. These actions can help limit personal liability in the event that financial issues arise. The article further recommends routine review of all business debt and a careful assessment of the risks associated with each obligation. The HelloNation feature also points out that small, routine guarantees can quietly build into significant financial exposure. The article encourages owners to monitor cumulative guarantees, analyze cash flow regularly, and consider whether certain debts need to be restructured or renegotiated before they become unmanageable. Finally, the article underlines the need for long-term planning. Whether or not a business is currently facing hardship, the article makes clear that understanding personal liability and using asset protection strategies can prevent a future financial crisis. For business owners, being prepared means recognizing how personal and business finances can become intertwined, and taking steps to safeguard both. Personal Liability on Business Debt & Asset Protection Basics -- https://hellonation.com/mag/TX/Fort_Worth/603?page_id=504589 -- features insights from Carla Vida and Behrooz Vida, Bankruptcy Experts of Fort Worth, TX, in HelloNation. About HelloNation HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative "edvertising" approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the U.S. Conference of Mayors and the United States First Responders Association. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***