260715.mbx

260715.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, July 15, 2026, Vol. 30, No. 196 Headlines 1060 NEPPERHAN: Unsecured Creditors Will Get 10% of Claim in Plan 1415 BENNETT: Gets Interim OK to Use Cash Collateral Until Aug. 7 145 ALLEN LEGACY: Hires MYC & Associates as Real Estate Broker 175 NASSAU: Commences Chapter 11 Bankruptcy in New York 23ANDME HOLDINGS: Calif. Bankruptcy Plan Blocks Data Breach Suit 3CLOGIC INC: Seeks Chapter 11 Bankruptcy After Bank Account Locked 4850 LONG AVE: Seeks to Hire David P. Lloyd Ltd. as Counsel 4916 LINDER: Seeks to Hire David P. Lloyd Ltd. as Counsel 4919 LONG AVE: Seeks to Hire David P. Lloyd Ltd. as Counsel 515-517 GEORGE: Commences Chapter 11 Bankruptcy in New York 581 105TH AVENUE: Hires Rappaport Osborne as Counsel 948-52 W. Webster: To Sell Chicago Property to Arsalan Hamidi ACCESS & SERVICE-INDUSTRIAL: Gets Final OK to Use Cash Collateral ADVISORS GROUP: Diana Torres-Cancel Named Subchapter V Trustee ALPHA SURFACES: Unsecureds to Get $500 per Month for 36 Months AUTOMOTIVE SOLUTIONS: Seeks Ch.11 Bankruptcy BELLWETHER INC: Withdraws Bid to Sell McDonough Property BERRYMAN HOUSE: Seeks Subchapter V Bankruptcy in Texas BIO-KEY INTERNATIONAL: Nasdaq Restores Trading of Common Stock BITCOIN DEPOT: Committee Hires Berkeley as Financial Advisor BITCOIN DEPOT: Committee Seeks to Hire Willkie Farr as Counsel BLOOM HOTELS: Plan Exclusivity Period Extended to Aug. 17 BLOOMIN CRAZY: Initiates Chapter 11 Bankruptcy in North Carolina BOKQUA LLC: To Sell Colorado Properties to Multiple Buyers BRIGHT MOUNTAIN: $93.2MM Credit Facility Maturity Set for Dec. 20 BUILTTOSUIT USA: Hires Kelley Kaplan & Eller as Counsel BY HOTEL: Seeks to Extend Plan Exclusivity to Oct. 5 C&C SECURITY: Seeks to Hire Stuppi & Stuppi as Counsel CARPENTER REALTY: To Sell Bridgeton Property to Z&Z Investment CASA SOUTH: Gets Final OK to Use Cash Collateral CELSIUS NETWORK: Judge Sets Ch. 11 Clawback Cases Damages Standard CELSIUS NETWORK: Wins Bid to Dismiss "Higgins" Adversary Case CENTRAL FALLS DETENTION: Seeks Chapter 11 Bankruptcy to Cut Debt CHABAD OF GRAMERCY: To Sell NY Property to Woodbranch CHATEAU CREOLE: Trustee Can Substitute as Plaintiff in Baldone Case CLEMENTS ELECTRIC: Court Cites Vexatious Litigant in Contempt COAST TO COAST: Gets Interim OK to Use Cash Collateral COMPAC USA: Claims to be Paid from Available Cash & Income CORECIVIC INC: S&P Affirms 'BB' Rating on Asset Sales COREY BARNETTE: UST Wins Bid to Dismiss Chapter 11 Bankruptcy Case CORRIDOR GARDENS: Seeks Chapter 11 Bankruptcy in Georgia CRISP MOMENTUM: CEO Van Den Heuvel Resigns DANSKAMMER HOLDCO: Hires Epiq as Administrative Advisor DANSKAMMER HOLDCO: Hires Landis Rath & Cobb LLP as Counsel DANSKAMMER HOLDCO: Hires SSG Advisors as Investment Banker DIESEL POWER: Gina Klump Named Subchapter V Trustee DOCKSIDE ASSOCIATION: Hires Jones Lang as Real Estate Broker EARTHSNAP INC: Chapter 7 Conversion of Bankruptcy Case Affirmed ECHOSTAR CORP: Hughes CEO Resigns, Charles Ergen Takes Over Role ECLUDE INC: Gets Court OK to Use Cash Collateral EEE DEVELOPMENT: Trustee Hires Hayward PLLC as Counsel EGO COLLISION: Hires Aramis Hernandez P.A. as Attorney ELECTROTECHNICS CORPORATION: Seeks Chapter 11 Bankruptcy in Texas ELYSIAN CAPITAL: Shuts Down Beef-a-Roo Restaurants w/o Bankruptcy EMOREJ LLC: Claims to be Paid from Property Sale Proceeds ENERGYSOLUTIONS HOLDCO: S&P Assigns 'B+' ICR, Outlook Stable ESCAMBIA COUNTY: Seeks Chapter 11 Bankruptcy FINCH THERAPEUTICS: Seeks to Extend Plan Exclusivity to Oct. 19 FLORIDA KEYS STEAK: Keeps Door Open After Chapter 11 Filing FOCUS UTILITY: Commences Subchapter V Bankruptcy in Florida FRITEX VENTURES: Claims to be Paid from Asset Sale Proceeds GAM ZU LATOV: Hires Law Offices of Charles Wertman as Counsel GATOR LANES: Seeks Chapter 11 Bankruptcy in Louisiana GOLF SERVICES: Unsecureds Will Get 1.5% in Liquidating Plan GWG HOLDINGS: LRF, et al., Win Bid to Enforce Confirmation Order HILLMAN SOLUTIONS: S&P Rates New $735MM First-Lien Term Loan 'BB+' HIS WAY SIGN: Brian Anderson Named Subchapter V Trustee HUTCO CORPORATION: Seeks Subchapter V Bankruptcy in California IWC JACKSONVILLE: Jerrett McConnell Named Subchapter V Trustee J. MULBERRY LLC: Seeks Chapter 11 Bankruptcy w/ $2MM Unsecured Debt JJTA10 REAL: Seeks Chapter 11 Bankruptcy in Florida JMAY REALTY: Plan Exclusivity Period Extended to July 30 KDC AGRIBUSINESS: Trustee Loses Bid to Remand Foley & Lardner Case KENTLAND FEDERAL: Enters FDIC Receivership KLE EQUIPMENT: Says Modified Plan Addresses Concerns KOMAX LLC: Office Equipment Biz Sale to Laurel Hills Holding OK'd LEEWARD RENEWABLE: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable LEFKO LLC: Unsecureds Will Get 100% of Claims over 60 Months LIA HOSPITALITY: Trustee Hires BGBC Advisory as Financial Advisor LITEWATER SCIENTIFIC: Claims to be Paid from Continued Operations LOCAL SEARCH: Seeks Ch. 11 Bankruptcy After Pending Suits LOS DORADOS: Commences Chapter 11 Bankruptcy in New York LUGINBILL CONSTRUCTION: Patricia Fugee Named Subchapter V Trustee MARK J. PAMER: Gets Interim OK to Use Cash Collateral MARS FX US: Unsecureds' Recovery "Unknown" in Liquidating Plan MEDICAL SOLUTIONS: S&P Upgrades ICR to 'CCC+', Outlook Stable MEMA'S CHICK'N': Rebecca Redwine Grow Named Subchapter V Trustee MSLH LLC: Commences Chapter 11 Bankruptcy for 2nd Time in NY NANKE SIGNATURE: Hires Debora Consulting LLC as Consultant OLYMPIAN WAY DEVELOPMENT: Seeks Subchapter V Bankruptcy in Georgia OMEGA ROOFING: Seeks Chapter 11 Bankruptcy in Florida PARADISE ALLEY: Starts Chapter 11 Bankruptcy in Louisiana PERFORMERS EDGE: Gets Interim OK to Use Cash Collateral POWER BLOCK: Trustee Hires Johnson Van Kwawegen as Counsel PURE SCIENCE: Unsecureds Will Get 0.26% of Claims in Plan RALIAM HOSPITALITY: Trustee Taps BGBC as Financial Advisor REIGN ROOFING: Unsecureds Will Get 100% of Claims over 5 Years RIVERSIDE INN: Owner Contests Court's Receivership Ruling RUM SUGAR: Nathan Smith Named Subchapter V Trustee RYAN LLC: Fitch Assigns 'B+' LongTerm IDR, Outlook Stable SAFECO CONSTRUCTION: Seeks Chapter 11 Bankruptcy in New York SAI BHOLE-NATH: Hires Hilco Real Estate as Real Estate Agent SCHRAPPER'S FINE: Seeks to Hire Zeichman Law as Counsel SEBA ABODE: Hires First Choice Business Brokers as Broker SHALEPUMPS LLC: Hires Vartabedian Katz Hester as Counsel SIMAD HOLDINGS: Final DIP Hearing Set for July 16 SIMPSON TACOMA: Hires Mr. Weiss of Force Ten Advisors as CRO SISTERS OF SAINT ANN: Court OKs Interim DIP Loan From Citizens Bank SMILES DENTISTRY: Gets Interim OK to Use Cash Collateral SMITH & SON HOSPITALITY: Seeks Subchapter V Bankruptcy in Florida SNEAKER CITY: Seeks Chapter 11 Bankruptcy in New York SOUTH FLORIDA PULMONARY: Ongoing Operations to Fund Plan SPINNAKER VERO: Hires Kelley Kaplan Delaney as Counsel ST DESIGN: Starts Chapter 11 Bankruptcy with $1MM Secured Debt STANLEY J. BERKE: Seeks Subchapter V Bankruptcy in New York STUDIO 22 FITNESS: Mark Schlant Named Subchapter V Trustee SUPERIOR STAR: Burger Chain Franchisee Seeks Chapter 11 Bankruptcy TAEHYUN HOLDINGS: Seeks to Extend Plan Exclusivity to Sept. 21 TAI CHEUNG: Hires LaMonica Herbst & Maniscalco as Counsel TALKING ROCK: ICR Entitled to $13MM of Unpaid Catch Up Payments TEGETHOFF DEVELOPMENT: Creditors Seek Trustee Appointment TOMATLAN INC: Court Extends Cash Collateral Access to Aug. 12 TOYVATION LLC: Commences Chapter 11 Bankruptcy in New York TRINSEO PLC: Seeks CastleKnight Votes Disqualification TWO FISH: Gets Extension to Access Cash Collateral U.S. TELEPACIFIC: Seeks $73.6MM DIP Loan From Wilmington UNCLE NEAREST: Running on Borrowed Funds, Time US MEDICAL: Seeks to Hire Ure Law Firm as Bankruptcy Counsel VALIDUS ENERGY: S&P Assigns 'B' ICR, Outlook Stable WELLNESS CENTER: Daniel Etlinger Named Subchapter V Trustee WEST RIDGE: Amends Piper Entities Secured Claim Details YESCARE CORP: Budget Plan Faces Creditor Pushback ZENITH PROPERTY: Seeks Subchapter V Bankruptcy in New York ********* 1060 NEPPERHAN: Unsecured Creditors Will Get 10% of Claim in Plan ----------------------------------------------------------------- 1060 Nepperhan Ave., LLC and KCT, Inc. filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Joint Plan of Reorganization dated July 2, 2026. The Debtor are 1060 Nepperhan Ave LLC and KCT, Inc. The Debtor's principal, and effectively sole, asset is the real property commonly known as 1060 Nepperhan Avenue, Yonkers, New York (the "Property"). The Plan provides for a streamlined, court-supervised reorganization of the Debtor's Assets through a consensual settlement with all secured creditors of the Debtor and a conveyance of the Assets to Nepperhan Acquisition Propco, LLC ("NAPC") in exchange for debt financing and equity funding to, a portion of which will provide the Debtor with sufficient funds to satisfy the required payments on the Effective Date of the Plan ("Effective Date Payments") and will allow NAPC to complete the construction of the self-storage facility in Yonkers, New York. Pursuant to the global resolution to be accomplished under the Plan, the Debtor's senior secured creditor, Parkview, shall be paid an agreed amount on the Effective Date and shall either release or assign its lien to 3650 Capital. Rinaldi, the Debtor's general contractor, shall be paid its agreed claim on the Effective Date as shall the holders of Allowed Lienor Claimants Claims who have elected to receive the Cash Payment Option (an agreed amount of 50% of their Allowed Claim) on the Effective Date. The other holders of Allowed Lienor Claimants Claims elected to be paid 100% of their claims within three years after the Effective Date by the Debtor and/or their principal, Lewin. Under the Plan, in exchange for an equity contribution to NAPC under the JV Agreement, Lewin shall receive a material interest in NAPC. All of the Creditors, other than holders of unsecured Claims which will receive 10 percent of their claims on the Effective Date, have executed RSAs with the Debtor providing that they will support the global restructuring transaction and vote in favor of the Plan. Schindler Elevator, which is in possession of the elevator that it constructed for the Debtor as a subcontractor to Rinaldi, will receive one hundred percent of its Allowed Claim on the Effective Date. The Plan funders, 3650 Capital, CSNP and Lewin, have also executed a Master RSA with the Debtor pursuant to which, subject to certain Plan Conditions, they have agreed to fund the consummation of the Plan pursuant to a secured loan from 3650 Capital to NAPC and equity invested in NAPC by CSNP and Lewin, a portion of which shall be escrowed prior to the Confirmation Date to make the Effective Date Payments required under the Plan. Class 5 consists of all General Unsecured Claims. Class 5 is Impaired and entitled to vote. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, on or as soon as reasonably practicable after the later of (i) the Effective Date if such General Unsecured Claim is an Allowed General Unsecured Claim on the Effective Date or (ii) the date on which such General Unsecured Claim becomes an Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim, shall receive ten percent of its allowed Claim. Class 6 consists of all Interests in the Debtor. Class 6 is Unimpaired, deemed to accept the Plan, and not entitled to vote. Holders of Interests will retain their Interests in the Debtor. Distributions under the Plan shall be funded from the Exit Financing provided by 3650 Capital and Equity Investment provided by CSNP and Lewin. All Cash distributions, other than to Holders of Allowed Lienor Claimant Claims, shall be made by the Debtor. Rinaldi shall make all Effective Date Cash Distributions to the Holders of Allowed Lienor Claimant Claims. A full-text copy of the Disclosure Statement dated July 2, 2026 is available at https://urlcurt.com/u?l=Awj4Np from PacerMonitor.com at no charge. Proposed Co-Counsel for the Debtors: Mark S. Lichtenstein, Esq. AKERMAN LLP 1251 Avenue of the Americas, 37th Floor New York, NY 10020 Telephone: (212) 880-3800 E-mail: mark.lichtenstein@akerman.com About 1060 Nepperhan Ave 1060 Nepperhan Ave, LLC, is a single asset real estate debtor, as defined in 11 U.S.C. Section 101(51B). 1060 Nepperhan Ave sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22056) on Jan. 23, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge Sean H. Lane handles the case. The Debtor is represented by Mark S. Lichtenstein, Esq., at Akerman, LLP. Parkview Financial REIT, LP, as lender, is represented by Patrick Collins, Esq., at Farrell Fritz, P.C., in Uniondale, New York. 1415 BENNETT: Gets Interim OK to Use Cash Collateral Until Aug. 7 ----------------------------------------------------------------- 1415 Bennett, LLC was granted another extension by the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, to use cash collateral. The court on July 14 entered a second interim order authorizing the Debtor to use cash collateral to fund the operations of its apartment complex under an approved budget, which projects $7,169.44 in total expenses for the period from July 15 to Aug. 7. The Debtor was previously allowed to access cash collateral from July 1 to 14 under the court's initial order. The Debtor owns and operates an 18-unit apartment complex on Bennett Avenue in Dallas, Texas, making rental income its primary source of revenue. It recently reported approximately $70,380.65 in cash from rental income. Stride Bank, N.A., a pre-petition lender, asserts a secured interest in the Debtor's rental income and other assets under various loan and security agreements. The lender will be granted adequate protection through first-priority replacement liens on the cash collateral and all other property owned by the Debtor, and superpriority administrative claims. The replacement liens do not apply to Chapter 5 causes of action. Unless extended by agreement, the authorization to use cash collateral expires on Aug. 7; the occurrence of a so-called termination event; the sale of all or substantially all of the Debtor's assets; or confirmation of a Chapter 11 plan, whichever occurs first. The order is available at http://bankrupt.com/misc/1415Bennett_ICCorder60.pdf The court scheduled a final hearing for Aug. 4 and set a July 30 deadline for filing objections. 1415 Bennett filed for Chapter 11 protection after financial distress caused by rising borrowing costs and failed loan extension negotiations. It obtained a $2.4 million loan from Stride Bank in 2022 to purchase and operate the property. Although it remained current through the original loan maturity, interest rates nearly doubled following a one-year extension, while unexpected property repairs further strained finances. When negotiations for an additional extension failed, the lender initiated foreclosure proceedings, prompting the bankruptcy filing. Stride Bank asserts first-priority liens on substantially all of the Debtor's assets, securing an outstanding loan balance of approximately $2.36 million. Although the lender holds liens on the Debtor's assets, it does not control the Debtor's bank accounts through any agreement. The Debtor held approximately $17,812 in cash on the petition date, increasing to more than $30,000 by May 29, and approximately $70,381 in rental cash deposits on June 30. The apartment complex is estimated to be worth approximately $2.5 million. Because the Debtor has no outstanding accounts receivable apart from rental income, it relies entirely on rental income to fund daily operations. About 1415 Bennett LLC 1415 Bennett, LLC is a single-asset real estate entity associated with 1415 Bennett, a multifamily residential property located in Dallas, Texas. The property provides studio apartment housing and resident services including modern appliances and concierge services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-31991) on May 4, 2026. In the petition signed by Venkat Arumilli, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Scott W. Everett oversees the case. Matthew G. Messerli, Esq., at The Messerli Law Firm, PLLC, represents the Debtor as bankruptcy counsel. 145 ALLEN LEGACY: Hires MYC & Associates as Real Estate Broker -------------------------------------------------------------- 145 Allen Legacy Ltd Liability Co. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ MYC & Associates Inc. as real estate broker. The firm will market and sell the Debtor's real property located at 145 Allen Street, New York, NY 10002. The firm will be paid a commission of 5 percent of the total sale price. Mr. Yaverbaum 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: Marc Yaverbaum MYC & Associates Inc. 1110 South Avenue, Suite 22 Staten Island, NY 10314 Tel: (347) 273-1258 About 145 Allen Legacy Ltd Liability Co. 145 Allen Legacy Ltd Liability Co. is a limited liability company engaged in the ownership, management, and administration of business and investment assets, including real estate-related holdings. 145 Allen Legacy Ltd Liability Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42816) on June 8, 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 Jil Mazer-Marino handles the case. The Debtor is represented by Btzalel Hirschhorn, Esq. of Anderson Bowman, PLLC. 175 NASSAU: Commences Chapter 11 Bankruptcy in New York ------------------------------------------------------- On July 10, 2026, 175 Nassau Road Holding, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $1 million and $10 million in liabilities, between $1 million and $10 million in assets, and 1–49 creditors. The Chapter 11 Plan and Disclosure Statement are due on November 9, 2026. About 175 Nassau Road Holding, Inc. 175 Nassau Road Holding, Inc. is a Roosevelt, New York-based single-asset real estate company that owns and manages nonresidential commercial property. The company's principal asset is the commercial property located at 163-175 Nassau Road, Roosevelt, New York. The business operates as a single-asset real estate entity focused on commercial property ownership and management. 175 Nassau Road Holding, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-72757) on July 10, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Sheryl P. Giugliano handles the case. 23ANDME HOLDINGS: Calif. Bankruptcy Plan Blocks Data Breach Suit ---------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that a Missouri bankruptcy judge ruled that California is barred from continuing its data breach lawsuit against reorganized 23andMe, concluding that the state's claims are precluded by the company's confirmed Chapter 11 plan. The court determined that the bankruptcy process resolved the treatment of covered claims against the debtor. The dispute centered on whether California could continue pursuing litigation in state court after the company completed its reorganization. Counsel for the reorganized business maintained that the confirmation order shields it from further proceedings involving claims addressed in the Chapter 11 case, the report states. In siding with the reorganized company, the judge said the confirmed plan has a binding effect on parties subject to the bankruptcy case. The ruling effectively prevents California from advancing the state court action while reaffirming the legal protections provided by a confirmed Chapter 11 plan, according to report. About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Morgan, Lewis & Bockius, LLP and Carmody MacDonald, PC serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 3CLOGIC INC: Seeks Chapter 11 Bankruptcy After Bank Account Locked ------------------------------------------------------------------ On July 9, 2026, 3CLogic, Inc. 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 liabilities, between $10 million and $50 million in assets, and 1–49 creditors. Deadline set for July 23, 2026, to file the Statement of Financial Affairs and Summary of Assets and Liabilities. About 3CLogic, Inc. 3CLogic, Inc. is a Rockville, Maryland-based provider of cloud Contact Center as a Service (CCaaS) and Voice AI solutions. The company develops enterprise communication platforms that integrate with business applications such as ServiceNow and SAP, offering voice AI, omnichannel customer engagement, automated call handling, and service desk solutions for organizations worldwide. 3CLogic, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17338) on July 9, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Maria Ellena Chavez-Ruark is overseeing the case. The debtor is represented by Janet M. Nesse, Esq 4850 LONG AVE: Seeks to Hire David P. Lloyd Ltd. as Counsel ----------------------------------------------------------- 4850 Long Ave LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ David P. Lloyd, Ltd. as counsel. The firm will represent the Debtor in matters concerning negotiation with creditors, preparation of a plan and disclosure statement, examining and resolving claims filed against the estate, preparation and prosecution of adversary matters, and otherwise to represent the Debtor in matters before the Court. The firm will be paid at the rate of $400 per hour. The firm received an initial payment of $6,738 from the Debtor. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Lloyd disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David P. Lloyd, Esq. 615B S. LaGrange Rd. LaGrange IL 60525 Tel: (708) 937-1264 Fax: (708) 937-1265 About 4850 Long Ave LLC 4850 Long Ave LLC filed a Chapter 11 bankruptcy petition (Bankr. D. Ill. Case No. 26-09230) on May 29, 2026. The Debtor hires David P. Lloyd, Ltd. as counsel. 4916 LINDER: Seeks to Hire David P. Lloyd Ltd. as Counsel --------------------------------------------------------- 4916 Linder Ave LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ David P. Lloyd, Ltd. as counsel. The firm will represent the Debtor in matters concerning negotiation with creditors, preparation of a plan and disclosure statement, examining and resolving claims filed against the estate, preparation and prosecution of adversary matters, and otherwise to represent the Debtor in matters before the Court. The firm will be paid at the rate of $400 per hour. The firm received an initial payment of $6,738 from the Debtor. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Lloyd disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David P. Lloyd, Esq. 615B S. LaGrange Rd. LaGrange IL 60525 Tel: (708) 937-1264 Fax: (708) 937-1265 About 4916 Linder Ave LLC 4916 Linder Ave LLC is a real estate holding company engaged in the ownership, management, and operation of property assets. The company is involved in real estate investment and related activities. 4916 Linder Ave LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-09744) on June 9, 2026. In its petition, the Debtor reported estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. The Debtor is represented by David P. Lloyd, Esq. of David P. Lloyd, Ltd. 4919 LONG AVE: Seeks to Hire David P. Lloyd Ltd. as Counsel ----------------------------------------------------------- 4919 Long Ave LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ David P. Lloyd, Ltd. as counsel. The firm will represent the Debtor in matters concerning negotiation with creditors, preparation of a plan and disclosure statement, examining and resolving claims filed against the estate, preparation and prosecution of adversary matters, and otherwise to represent the Debtor in matters before the Court. The firm will be paid at the rate of $400 per hour. The firm received an initial payment of $6,738 from the Debtor. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Lloyd disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David P. Lloyd, Esq. 615B S. LaGrange Rd. LaGrange IL 60525 Tel: (708) 937-1264 Fax: (708) 937-1265 About 4919 Long Ave LLC 4919 Long Ave LLC operates in the real estate and property management sector. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-08644) on May 19, 2026. In its petition, the debtor reported estimated assets ranging from $100,001 to $1 million and estimated liabilities between $100,001 and $1 million. The debtor is represented by David P. Lloyd of David P. Lloyd, Ltd. 515-517 GEORGE: Commences Chapter 11 Bankruptcy in New York ----------------------------------------------------------- On July 10, 2026, 515-517 George Street LLC filed for Chapter 11 Small Business protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $100,000 and $500,000 in debt owed to between 1 and 49 creditors. The Chapter 11 Small Business Plan must be filed by January 6, 2027. The Chapter 11 Small Business Disclosure Statement is also due on January 6, 2027. About 515-517 George Street LLC 515-517 George Street LLC is a Brooklyn, New York-based single-asset real estate company that owns and leases residential apartment properties. The company operates a 10-unit residential building in Brooklyn that was fully occupied as of April 2026. Court filings indicate the bankruptcy petition was filed to prevent a scheduled foreclosure auction while the company restructures its financial obligations. 515-517 George Street LLC sought relief under Chapter 11 – Small Business of the U.S. Bankruptcy Code (Bankr. Case No. 26-43350) on July 10, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $100,000 to $500,000. Honorable Jil Mazer-Marino handles the case. 581 105TH AVENUE: Hires Rappaport Osborne as Counsel ---------------------------------------------------- 581 105th Avenue North, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Rappaport Osborne & Rappaport, PLLC as counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers and duties under Chapter 11 and the continued management of the operation of its business; (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 and/or defend legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan and its confirmation. The firm will be paid based upon its normal and usual hourly billing rates. The firm is holding a retainer of $15,747.50 in trust as of the filing date provided by C2 Certification LLC. The firm received from the Debtor $20,000, plus advanced costs of $1,738 on June 9, 2026. Mr. Rappaport disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jordan L. Rappaport, Esq. Rappaport Osborne & Rappaport, PLLC 1300 N. Federal Hwy., Suite 203 Boca Raton, FL 33432 Telephone: (561) 368-2200 About 581 105th Avenue North, LLC 581 105th Avenue North, LLC is a real estate holding company engaged in the ownership, management, and operation of property assets and related investments. 581 105th Avenue North, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17583) on June 10, 2026. In its petition, the Debtor reported estimated assets of $1 million-$10 million and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Jordan L. Rappaport, Esq. 948-52 W. Webster: To Sell Chicago Property to Arsalan Hamidi ------------------------------------------------------------- 948-52 W. Webster, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Webster, LLC was formed in 2005 to acquire, finance, and operate the real property commonly known as 948-52 W. Webster Avenue, Chicago, IL 60614 (Real Property). An affiliate of Webster, PMG Incorporated, operated a tavern at 950 Webster Rd. named McGee's Tavern & Grille from 2005 through 2025. In addition to the commercial space, the Real Property contains eight residential units, all of which are subject to unexpired residential leases. All but one of said leases is set to expire in or prior to October, 2026. The Debtor employs Ian Feinerman and Michael Weber of At World Properties, LLC, as real estate advisors. On June 24, 2026, the Debtor receives an offer from Arsalan Hamidi in the amount of $4.6 million. Per the terms of the Offer, the Buyer shall pay earnest money of $10,000.00 within three days of the acceptance date, which shall increase to $115,000.00 upon the conclusion of the Attorney Approval Period, which itself shall conclude within five business days of the acceptance date. The Offer does not contain a mortgage contingency or an inspection period, but it does contain a zoning contingency of 180 days from the signing of the contract. The Buyer will bear the full cost of zoning attorney and architect, and the Debtor shall reasonably cooperate with the Buyer and Buyer’s agents during the zoning change process including signing applications and related documents as reasonably required. The Real Property includes eight residential units and per the Purchase Agreement, the Debtor may not enter into any new, nor renew or extend, any leases without Buyer’s written consent. Leases which are issued by the Debtor post-petition include a provision allowing a successor landlord to terminate the leasehold with a 60 day notice. The lienholders of the Property are Emerald Creek Capital 3, LLC, LaSalle Bank National Association, and Byline Bank. In order to maximize value for the estate, the Debtor believes that it is crucial to sell the Real Property. The Purchase Agreement is the result of arms-length negotiations designed to achieve the highest possible price for the Property under the circumstances. About 948-52 W. Webster, LLC 948-52 W. Webster, LLC is a limited liability company that owns and manages real estate assets. 948-52 W. Webster, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10520) on June 23, 2026. In its petition, the debtor reported estimated assets and estimated liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The debtor is represented by E. Philip Groben III of Gensburg Calandriello & Kanter, P.C. ACCESS & SERVICE-INDUSTRIAL: Gets Final OK to Use Cash Collateral ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, entered a final order authorizing Access & Service - Industrial, LLC to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay its operating expenses based on the court-approved budget, subject to a 5% variance for each line item. Any unused amount may be carried forward to the following month with First Horizon Bank's consent. The Debtor projects total monthly operational expenses of $118,866. First Horizon Bank and another secured lender, the U.S. Small Business Administration, will be granted adequate protection through automatically perfected replacement liens on their existing collateral and additional liens on post-petition accounts receivable. These replacement liens do not apply to Chapter 5 avoidance actions and their proceeds, remain subject to valid pre-petition liens, and are subordinated to the fee carveouts. Additional safeguards include monthly payments consisting of $1,250 to First Horizon Bank and $731 to the SBA and monthly reporting to the bank. The Debtor's authority to use cash collateral remains effective until Dec. 31 or the effective date of a confirmed Chapter 11 plan. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/x04TN from PacerMonitor.com. About Access & Service - Industrial LLC Access & Service - Industrial, LLC is a Baytown, Texas-based industrial services company that provides scaffolding, insulation, coatings, abatement, fireproofing and related soft-craft services for industrial projects, including access-system design, engineering, erection and dismantling. Access & Service - Industrial sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80408) on June 8, 2026, with $654,403 in total assets and $1,525,394 in total liabilities. Joel Rivera, president of Access & Service - Industrial, signed the petition. Judge Alfredo R. Perez oversees the case. Bennett G. Fisher, Esq., at Lewis Brisbois Bisgaard & Smith, LLP, represents the Debtor as legal counsel. ADVISORS GROUP: Diana Torres-Cancel Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 21 appointed Diana Torres-Cancel as Subchapter V trustee for Advisors Group General Contractors Corp. Ms. Torres-Cancel will be paid an hourly fee of $150 for her services as Subchapter V trustee and will be reimbursed for work related expenses incurred. A retainer of $2,000 is requested. Ms. Torres-Cancel declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. About Advisors Group General Contractors Corp. Advisors Group General Contractors Corp. is a Carolina, Puerto Rico-based general contractor that provides commercial and residential construction, remodeling, project management, and related engineering services. Advisors Group General Contractors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-03091) on July 2, 2026, with $1 million to $10 million in both assets and liabilities. Modesto Estrada Diaz, president of Advisors Group General Contractors, signed the petition. Javier Vilarino, Esq., at Vilarino & Associates, LLC represents the Debtor as legal counsel. ALPHA SURFACES: Unsecureds to Get $500 per Month for 36 Months -------------------------------------------------------------- Alpha Surfaces, LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Subchapter V Plan of Reorganization dated July 1, 2026. The Debtor is the operator of flooring installation business in St. Johns, FL which started operations in July of 2024 and has continuously operated since that time. Jessica Smith, as the owner of the Debtor, started operations after taking over an existing business (LVS Management Inc.) from her Father. The Debtor purchased all existing accounts and a building located at 1531 S. Ridgewood Avenue, Daytona Beach, FL from her father's company. The building was placed in the name of a separate company named Anthropos Industries LLC on the advice of an SBA loan adviser. That company is also 100% owned by Jessica Smith. The Debtor and the sister company took on over $1.5 million in SBA backed debt to purchase the building. The Debtor then began to sell commercial floor coverings in the Florida market. However, the consumer and commercial market for such products have been hurt by increased interest rates and inflation during the past 18 months. As a result, the Debtor began to fall behind on the SBA debt and related unsecured loans. The Debtor estimates that the real property is valued at approximately $1,000,000.00 based on appraisals conducted by the SBA prior to purchase in order to justify the amount loaned. The Debtor is still a viable business with opportunities to continue growth if the secured and unsecured debt can be restructured by the surrender of the real estate. This Chapter 11 followed in order to restructure the existing secured and unsecured debt. This Plan provides for 3 class(es) of secured claims, 2 Classes of Priority Claims and 1 class of unsecured claims. Unsecured creditors holding allowed claims will receive distributions which the proponent of this Plan has valued at approximately 1 cent on the dollar based upon current projections of disposable income. This Plan also provides for the payment of administrative and priority claims either upon the effective date of the Plan or as allowed under the Bankruptcy Code. Class 5 consists of all General Unsecured Claims, including any wholly unsecured second mortgage claims identified and any unsecured portion of claims valued pursuant to Section 506 of the Bankruptcy Code. This Class shall receive $500.00 per month during months 1-36 of the plan to be paid pro rata to all timely filed and allowed unsecured claims. This Plan of Reorganization proposes to pay unsecured creditors of the Debtor all disposable income during months 1-36 from future income of the Debtor derived from income generated from the business that the Debtor owns in order to obtain a discharge pursuant to Section 1192. A full-text copy of the Subchapter V Plan dated July 1, 2026 is available at https://urlcurt.com/u?l=eFkgPn from PacerMonitor.com at no charge. Counsel to the Debtor: Bryan K. Mickler, Esq. Law Offices of Mickler & Mickler, LLP 5452 Arlington Expressway Jacksonville, FL 322211 Telephone: (904) 725-0822 Facsimile: (904) 725-0855 E-mail: bkmickler@planlaw.com About Alpha Surfaces LLC Alpha Surfaces, LLC, doing business as Aloha Flooring, is a Daytona Beach, Florida-based specialty contractor that provides flooring and surface products and services, including carpet, tile, vinyl, laminate and wood flooring, as well as related installation, coating, countertop and finish services for residential, commercial, healthcare and institutional customers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-11984) on June 12, 2026. In the petition signed by Jessica Smith, authorized member, the Debtor disclosed $114,161 in total assets and $1,774,647 in total liabilities. Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP, represents the Debtor as counsel. AUTOMOTIVE SOLUTIONS: Seeks Ch.11 Bankruptcy -------------------------------------------- Kirk O'Neil of The Street reports that the economic headwinds affecting tire retailers and automotive service providers have continued into 2026, prompting Automotive Solutions Inc., a Tuffy Tire & Auto Service franchisee, to seek Chapter 11 bankruptcy protection. The company filed its petition on July 7, 2026 in the Northern District of Indiana, listing between $1 million and $10 million in both assets and liabilities, with schedules showing more than $2 million in debt. Among the company's largest creditors are Newtek Small Business Finance, owed approximately $1.4 million, and the U.S. Small Business Administration, with claims exceeding $515,000. Other obligations include financing owed to Snap-on Credit LLC and unpaid taxes due to Allen County. Despite the filing, Automotive Solutions continues to operate its two Fort Wayne Tuffy locations, and management has not publicly explained the reasons behind the restructuring. Industry conditions remain challenging despite expectations for modest improvement. Data from the U.S. Tire Manufacturers Association shows tire shipments declined slightly in 2025 after several consecutive years of growth. While the association forecasts a recovery in 2026, retailers continue to face rising costs, softer consumer demand, and financing pressures. The bankruptcy follows a series of restructuring efforts across the automotive aftermarket. Tire retailer Monro Inc. recently closed 145 stores to improve profitability, while Wheel Pros, operating as Hoonigan, and American Tire Distributors each filed for Chapter 11 bankruptcy in 2024 to restructure substantial debt burdens. These developments highlight the continued financial strain across the sector. About Automotive Solutions, Inc. Automotive Solutions, Inc. is an Indiana-based automotive service provider operating two Tuffy Tire & Auto Service franchise locations in Fort Wayne. The company offers a full range of vehicle maintenance and repair services, including tire installation, engine diagnostics, brake service, wheel alignments, and scheduled maintenance. As a Tuffy franchisee, it operates under one of the nation's established automotive repair brands. Automotive Solutions, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ind. Case No. 26-10920) on July 7, 2026. In its petition, the Debtor reports between $1 million and $10 million in both assets and liabilities. Honorable Bankruptcy Judge Robert E. Grant handles the case. The Debtor is represented by Frederick W. Wehrwein, Esq. BELLWETHER INC: Withdraws Bid to Sell McDonough Property -------------------------------------------------------- Bellwether, Inc. seeks permission from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to withdraw motion to sell Property, free and clear of liens, claims, interests, and encumbrances. On July 1, 2024, the Debtor filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code. Since that time, the Debtor's principal has experienced significant health issues, which have impacted the progress of the case. The Debtor has determined the best course is to sell certain real property identified as a 3.56 acre tract of land together with all improvements to include an approximate 10,166 SF Building, commonly located at 1000 Dailey Mill Road, McDonough, Georgia 30253. However, the Debtor withdraws the Motion to Sell the Property of the Estate that was filed on May 24, 2026 and without prejudice. About Bellwether, Inc. Bellwether, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-56852) on July 1, 2024, with as much as $1 million in both assets and liabilities. Judge Lisa Ritchey Craig oversees the case. The Debtor is represented by Joseph Chad Brannen, Esq., at The Brannen Firm, LLC, BERRYMAN HOUSE: Seeks Subchapter V Bankruptcy in Texas ------------------------------------------------------ On July 9, 2026, Berryman House, Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. The Chapter 11 Small Business plan must be filed by October 7, 2026. About Berryman House, Inc. Berryman House, Inc. is a Houston, Texas-based event venue real estate and management company. The business operates as a single asset real estate entity, managing an event venue on Martin Luther King Jr. Boulevard that hosts private and public events. The company has maintained municipal permits for entertainment and event operations. Berryman House, Inc. sought relief under Subchapter V of Chapter 11, Subchapter V, of the U.S. Bankruptcy Code (Bankr. Case No. 26-35004) on July 9, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. BIO-KEY INTERNATIONAL: Nasdaq Restores Trading of Common Stock -------------------------------------------------------------- BIO-key International, Inc. announced that The Nasdaq Stock Market LLC has recommenced the trading of its common stock on the Nasdaq Capital Market effective with markets' opening on Wednesday, July 8, 2026. Trading of BIO-key's shares was restored following a June 16th hearing with a Nasdaq Hearings Panel, in which the Panel determined the Company has regained compliance with the continued listing standards, including minimum bid price and SEC filing requirements. The Company will be subject to a Discretionary Panel Monitor pursuant to Nasdaq Rule 5815(d)(4)(B) for a period of one year until July 6, 2027. BIO-key CEO Michael DePasquale commented, "We are grateful to Nasdaq and the Hearings Panel for working with us through this process to successfully restore our shares to Nasdaq trading. We have built a growing base of recurring revenue, expanding interest in our biometric technology's ability to solve pervasive cybersecurity vulnerabilities, a solid financial position, and a streamlined cost structure. It is an exciting moment for BIO-key as we expect our business to deliver significantly improved results this year. About BIO-key International BIO-key International Inc. provides identity and access management software and biometric authentication technology for enterprise, large-scale customer and civil ID applications. The company's platforms include BIO-key PortalGuard and hosted PortalGuard IDaaS, which combine biometric technology with multiple authentication factors to help customers control access to systems, applications and devices. BIO-key sells branded biometric and FIDO authentication hardware as accessories to its IAM platforms and operates a software-as-a-service business model supported by direct sales teams and channel partners. The company was founded in 1993 and is based in Holmdel, New Jersey. Henderson, Nevada-based Bush & Associates CPA LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 12, 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 substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $8.16 million in total assets, $3.26 million in total liabilities, and $4.89 million in total stockholders' equity. BITCOIN DEPOT: Committee Hires Berkeley as Financial Advisor ------------------------------------------------------------ The official committee of unsecured creditors of Bitcoin Depot Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Berkeley Research Group, LLC as financial advisor. The firm will provide these services: a) develop strategies to maximize recoveries from the Debtors' assets and advise and assist the Committee with such strategies, including development of recovery models for use by the unsecured creditors; b) monitor liquidity and cash flows throughout the Cases and scrutinize cash disbursements and capital requirements, including, but not limited to, critical vendor payments, lease and rent payments, and other payments permitted pursuant to first day motions; c) develop and issue periodic monitoring reports to enable the Committee to effectively evaluate the Debtors' performance relative to projections and any relevant operational issues, including liquidity, any 363-sale processes, and subsequent wind-down activities on an ongoing basis; d) advise and assist the Committee in its analysis and monitoring of the historical, current and projected financial affairs of the Debtors, including, schedules of assets and liabilities, statement of financial affairs, and monthly operating reports; e) advise and assist the Committee with respect to use of cash collateral including evaluation of asserted liens thereon; f) analyze both historical and ongoing intercompany and/or related party transactions and/or material unusual transactions of the Debtors and non-debtor affiliates; g) advise and assist the Committee in its assessment of the Debtors' employee needs and related costs, including any recent (including prepetition) employee bonuses or retention payments and providing expert testimony related thereto; h) advise and assist the Committee in reviewing and evaluating any court motions (including any assumption or rejection motions or objections thereto), applications, or other forms of relief filed or to be filed by the Debtors, or any other parties-in-interest; i) advise and assist the Committee and Counsel in their review of any potential prepetition liens of secured parties; j) advise the Committee with respect to any potential preference payments, fraudulent conveyances, and other potential causes of action that the Debtors' estates may hold against insiders and/or third parties and assist with any investigations related to such matters as required; k) identify and assess the value of unencumbered assets; l) as appropriate and in concert with the Committee's other professionals, analyze and monitor any sale processes and transactions and assess the reasonableness of the process and the consideration received; m) assist with the development and review of a cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; n) monitor the Debtors' claims management process, including analyzing guarantees and claims by entity, including preparing related summaries; o) review and provide analysis of any bankruptcy plan and disclosure statement relating to the Debtors including, if applicable, the development and analysis of any bankruptcy plans proposed by the Committee to assess their achievability; p) attend Committee meetings, court hearings, and auctions as may be required; q) work with the Debtors' bankruptcy professionals on matters outlined above, as necessary; and r) provide other services as may be requested from time to time by the Committee and its counsel, consistent with the role of a financial advisor including rendering expert testimony, issuing expert reports and/or preparing for litigation, valuation and/or forensic analyses that have not yet been identified but as may be requested from time to time by the Committee and its Counsel. The firm will be paid at these rates: Mark Renzi $1,450 Evan Hengel $1,350 Michael Canale $1,300 Alex Probst $1,000 Managing Directors $1,180 - $1,450 Associate Directors & Directors $950 - $1,150 Professional Staff $475 - $925 Support Staff $195 - $415 In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Hengel 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: Evan Hengel Berkeley Research Group, LLC 2200 Powell Street, Suite 1200 Emeryville, CA 94608 Telephone: (510) 285-3300 About Bitcoin Depot Inc. Bitcoin Depot, Inc., is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, at Vinson & Elkins LLP, represents the Debtor as legal counsel. BITCOIN DEPOT: Committee Seeks to Hire Willkie Farr as Counsel -------------------------------------------------------------- The official committee of unsecured creditors of Bitcoin Depot Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Willkie Farr & Gallagher LLP as counsel. The firm's services include: a. assisting and advising the Committee in connection with various forms of relief sought by the Debtors, including with respect to "first day" motions; b. assisting and advising the Committee in the evaluation and preservation of any claims and on any litigation matters, including avoidance actions, releases, and claims against directors and officers and any other party; c. assisting and advising the Committee in any matter relevant to the Debtors' tax attributes and the preservation of such attributes under a plan or through a sale of assets; d. assisting and advising the Committee in connection with the Debtors' proposed debtor-in-possession financing facility; e. assisting the Committee in the review, analysis, and negotiation of any chapter 11 plan(s) of reorganization or liquidation that may be filed, and assisting the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any such plan(s); f. assisting and advising the Committee in analyzing claims asserted against and interests in the Debtors, their affiliates and related parties, negotiating with the holders of such claims and interests, and bringing or participating in objections or estimation proceedings with respect to such claims and interests; g. assisting and advising the Committee in connection with the Bankruptcy Local Rules and the practices in the Southern District of Texas; h. generally preparing on behalf of the Committee all necessary motions, applications, answers, orders, reports, replies, responses, and papers in support of positions taken by the Committee, and appearing, as appropriate, before this Court and any appellate courts, and protecting the interests of the Committee before those courts and before the U.S. Trustee with respect to any of the above; and i. performing all other necessary legal services in these chapter 11 cases. The firm will be paid at these rates: Partners and Senior Counsel $1,950 to $2,795 per hour Associates/Law Clerks $790 to $1,850 per hour Paraprofessionals $420 to $680 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following information is provided in response to the request for additional information set forth in Paragraph D.1 of the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months pre-petition, disclose your billing rates and material financial terms for the pre-petition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Response: N/A. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: Willkie will prepare a proposed staffing plan and budget through August 31, 2026 to comply with the U.S. Trustee's requests for information and additional disclosures, and any other orders of the Court, recognizing that in the course of these chapter 11 cases there may be unforeseeable fees and expenses that will need to be addressed by the Committee and Willkie. Mr. Miller disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Brett H. Miller, Esq. Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019 Tel: (212) 728-8000 About Bitcoin Depot Inc. Bitcoin Depot, Inc., is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, at Vinson & Elkins LLP, represents the Debtor as legal counsel. BLOOM HOTELS: Plan Exclusivity Period Extended to Aug. 17 --------------------------------------------------------- Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern District of Florida extended Bloom Hotels 6060, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 17 and Oct. 16, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that all nine of the Dow Corning factors weigh in favor of granting the Motion: * Case Size and Complexity. This is a complex $38-million condo-hotel redevelopment Chapter 11 case requiring the Debtor to negotiate with DPFI and the City to exit Chapter 11 with the necessary capital structure, redevelopment path, and clear title to the Property to begin the redevelopment stage with a target toward selling units, capturing customer deposits, and transitioning to permanent construction financing, which supports granting the Motion; * Sufficiency of Time to Negotiate a Plan. While the Debtor has been working for the past 120 days to formulate a plan, the financing component is just now coalescing and that component was a necessary pre-condition to meaningful negotiations with DPFI and the City, requiring additional time to attempt to negotiate a consensual plan (the preferred path), which supports granting the Motion; * The Debtor's Good Faith Progress Toward Reorganization. The Debtor has achieved substantial good faith progress toward confirmation in the last 120 days because it now has a clear redevelopment path selected and an identified plan sponsor group, which supports granting the Motion; * The Debtor's Post-Petition Payment Status. The Debtor is current on post-petition insurance premiums and UST fees, which supports granting the Motion; and * The Debtor's Demonstration of a Reasonable Prospect for Confirmation. The Debtor's Property is valued on an "As Is" FMV basis at $38 million and that value is sufficient to support a confirmable Chapter 11 plan of reorganization that pays creditors in accordance with the terms of the Bankruptcy Code, thereby supporting granting the Motion. Bloom Hotels 6060 LLC is represented by: Kristopher E. Pearson, Esq. DAMIAN | VALORI | CULMO 1010 Brickel Avenue, Suite 1020 Miami, FL 33131 Telephone: (305) 371-3960 Email: kpearson@dvcattorneys.com About Bloom Hotels 6060 LLC Bloom Hotels 6060, LLC, owns the real property and improvements at 6060 Indian Creek Drive in Miami Beach, Florida, a waterfront condo-hotel complex. Bloom Hotels 6060 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11867) on Feb. 16, 2026, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Kristopher E. Pearson, Esq., at Damian Valori Culmo. BLOOMIN CRAZY: Initiates Chapter 11 Bankruptcy in North Carolina ---------------------------------------------------------------- On July 8, 2026, Bloomin Crazy Nursery and More, Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of North Carolina. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 50 and 99 creditors. The Meeting of Creditors under Section 341(a) will be held on August 18, 2026, at 10:00 a.m. at the Raleigh 341 Meeting Room. The bankruptcy court has set October 6, 2026, as the deadline for filing the Chapter 11 plan and disclosure statement. About Bloomin Crazy Nursery and More, Inc. Bloomin Crazy Nursery and More, Inc. is a Leland, North Carolina-based nursery, garden center, and landscaping services company. The business provides landscape design, garden maintenance, hardscape installation, and retail nursery products. It also operates a fleet of heavy-duty vehicles to support its landscaping and construction operations. Bloomin Crazy Nursery and More, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03092) on July 8, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge David M. Warren handles the case. The debtor is represented by George M. Oliver, Esq., of The Law Offices of George Oliver, PLLC. BOKQUA LLC: To Sell Colorado Properties to Multiple Buyers ---------------------------------------------------------- Bokqua LLC seeks permission from the U.S. Bankruptcy Court for the District of Colorado, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Colorado limited liability company that owns and leases real property comprised of single family homes and condominium properties in Colorado. As of the Petition Date, the Debtor held approximately 169 properties. r2 advisors LLC serves as the Chief Restructuring Officer (CRO) of the Debtor and Atlas Real Estate acts as the Debtor's property manager. The CRO has been working with Atlas to organize and restructure the Debtor's financial and operational affairs. The Debtor continues to operate and intends to file a plan of reorganization that will allow the Debtor to continue to maximize value of the portfolio for the value of its creditors. The Debtor has entered into the following seven contracts for the sale of real property: A. Potomac Circle - 432 Potomac Circle - Lali Zoraima Carreno Ramos and Karla Jerusalem Zarate Carreno B. Mineral Contract - 1836 E. Mineral Avenue - Andrii Untilov and Iryna Untilov C. Ida Contract - 21041 E. Ida Avenue - Heather Mena D. Maple Contract - 25605 E. Maple Place - Brenda Palomares and Ever Moncada E. Danube Contract - 3226 S. Danube Street - Connor Daniel F. Bethany Contract - 8055 E. Bethany Place - ERY Construction, Inc. G. Bellewood Contract - 20785 E. Bellewood Place - Toni Ray, Savoy Ray, Dymon Ray, and Milan Ray The Debtor proposes to proceed with the sales on the terms contained in the Sale Contracts to the respective parties. The sole party with an interest in the Sale Properties is Genesis Capital, LLC who has consented to the sale of the Sale Properties. The Debtor is marketing and selling the Sale Properties through a licensed Colorado broker employed with Atlas. The sales are the product of arms-length transactions as a result of Atlas' marketing efforts. The buyers are proceeding in good faith in a series of arms-length transactions. The buyers are purchasing the Sale Properties for at least fair market value and the sale prices have been determined as a result arm's length negotiations between the parties. The Debtor has no prior relationship to any of the buyers. All of the prospective buyers will therefore be proceeding in good faith. About Bokqua LLC Bokqua LLC is a real estate investment company that owns and manages residential properties in the Denver metropolitan area. The Company operates in association with BVRE, a property management firm based in Denver, Colorado. Bokqua LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14846) on July 31, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jeffrey S. Brinen, Esq. at KUTNER BRINEN DICKEY RILEY. BRIGHT MOUNTAIN: $93.2MM Credit Facility Maturity Set for Dec. 20 ----------------------------------------------------------------- Bright Mountain Media, Inc. announced in a regulatory filing that together with its subsidiaries, they are parties to an Amended and Restated Senior Secured Credit Agreement between itself, the lenders party thereto, and Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent, dated June 5, 2020, as amended. On June 30, 2026, the Company and its subsidiaries, CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners, and the Lenders entered into the Twenty-Seventh Amendment to Amended and Restated Senior Secured Credit Agreement to amend certain terms of the Credit Agreement, effective as of June 29, 2026. The principal changes to the Credit Agreement made in the Twenty-Seventh Amendment include, but are not limited to, the following: (i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on June 30, 2026 with respect to the Second Out Loans, which totaled approximately $840,000, was deferred in its entirety until December 20, 2026; and (ii) Adjusting the payment of interest accrued on the Second Out Loans for the interest period ended June 30, 2026, which totaled approximately $210,000, such that the interest payment for the Second Out Loans due on June 30, 2026 was payable-in-kind in lieu of a cash payment. In connection with the Twenty-Seventh Amendment and as consideration therefor, the Company agreed to issue a number of shares of the common stock of the Company, par value $0.01 per share, equal to 1.5% of the fully-diluted pro forma ownership of the Company as of June 30, 2026, or 2,980,903 shares of Common Stock, to Centre Lane Partners. Following such issuance, Centre Lane Partners and its affiliates collectively beneficially own approximately 28.8% of the Common Stock. Approximately $1.7 million will be due under the Credit Agreement as of September 30, 2026, and approximately $93.2 million will be due under the Credit Agreement as of December 20, 2026, which is the maturity date of the Credit Agreement. About Bright Mountain Bright Mountain Media, Inc. (together with its wholly-owned subsidiaries) is an end-to-end marketing services company that helps brands with the right audiences, at the right time, with the right message, both effectively and efficiently by removing the middlemen in the marketing workflow. The Company's end-to-end offerings combine consumer insights with creative services, media services, and advertising technology to deliver solutions to improve audience fidelity for brands. The Company focuses on digital publishing, advertising technology, consumer insights, creative services, and media services. New York, New York-based WithumSmith+Brown, PC, the Company's auditor since 2021, issued a "going concern" qualification in its report dated March 24, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025. The report cited 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 $37.3 million in total assets, $115.2 million in total liabilities, and $77.29 million in total stockholders' deficit. BUILTTOSUIT USA: Hires Kelley Kaplan & Eller as Counsel ------------------------------------------------------- Builttosuit USA, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Kelley Kaplan & Eller, PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these rates: Attorneys $650 per hour Paralegals $195 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $22,500, which includes the filing fee of $1,738 from the Debtor. In addition to the retainer, the Debtor has agreed to pay the sum of $5,000 per month during the pendency of the case as a post-petition retainer toward future fees. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Builttosuit USA, LLC Builttosuit USA, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17598) on June 10, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Craig I. Kelley, Esq., represents the Debtor as legal counsel. Tarek Kiem, Esq., at Kiem Law, PLLC serves as Subchapter V trustee for the Debtor. BY HOTEL: Seeks to Extend Plan Exclusivity to Oct. 5 ---------------------------------------------------- BY Hotel SPE-3 LLC and its affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 5 and Dec. 3, 2026, respectively. The Debtors explain that there is more than sufficient cause to approve the extension of the Exclusive Periods: * With the recent substitution of counsel for the Debtors and the retention of a chief restructuring officer, the Debtors require additional time to prepare adequate information and negotiate a chapter 11 plan with key creditor constituencies. * The Debtors have, among other things: (i) minimized the adverse effects caused by the commencement of the Chapter 11 Cases on their business by securing various first-day relief on both interim and final basis; (ii) obtained four consecutive interim orders authorizing the use of cash collateral to enable the Debtors to fund the Chapter 11 Cases; (iii) retained professionals in the Chapter 11 Cases; (iv) filed their schedules and statements; (v) obtained entry of a bar date order; and (vi) continued negotiations with their key stakeholders regarding a potential exit path from chapter 11. * Since the filing of the Chapter 11 Cases, the Debtors have continued to pay substantially all of their undisputed, postpetition expenses and invoices. * The requested extension of the Exclusive Periods is the first such request made in the Chapter 11 Cases and comes approximately three months after the Petition Date. * The Debtors are not seeking an extension to prejudice the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. The Debtors have no ulterior motive in seeking an extension of the Exclusive Periods. The Debtors have been in regular communication with their creditor constituencies on numerous issues facing their estates, chiefly financing to support the administration of these Chapter 11 Cases, and have worked diligently in the prepetition and postpetition periods to maximize the value of their estates. In addition, termination of the Exclusive Periods would adversely impact the Debtors' efforts to preserve and maximize the value of their estates and the progress of the Chapter 11 Cases. Such termination may disincentivize creditors from negotiating with the Debtors and would certainly undermine the Debtors' efforts to successfully conclude the Chapter 11 Cases. Proposed Counsel for the Debtors: Russell C. Silberglied, Esq. Amanda R. Steele, Esq. Brendan J. Schlauch, Esq. Clint M. Carlisle, Esq. Kristin N. Cunningham, Esq. RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 North King Street Wilmington, DE 19801 Telephone: (302) 651-7700 Facsimile: (302) 651-7701 Email: silberglied@rlf.com steele@rlf.com schlauch@rlf.com carlisle@rlf.com cunningham@rlf.com About By Hotel SPE-3 LLC By Hotel SPE-3, LLC is a hospitality investment company specializing in the ownership and management of hotel properties. As a special purpose entity, By Hotel SPE-3 focuses on managing hotel-related assets and supporting hospitality operations. By Hotel SPE-3 and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10324) on March 8, 2026. In its petition, By Hotel SPE-3 reported between $100 million and $500 million in both assets and liabilities. Judge J. Kate Stickles oversees the cases. The Debtors tapped Rafael X. Zahralddin-Aravena, Esq., and Scott D. Cousins, Esq., at Lewis Brisbois Bisgaard & Smith, LLP as bankruptcy counsel; and Getzler Henrich & Associates, LLC as financial advisor. C&C SECURITY: Seeks to Hire Stuppi & Stuppi as Counsel ------------------------------------------------------ C&C Security Patrol, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Law Offices of Stuppi & Stuppi as counsel. The firm will provide these services: a. advise and assist the Debtor with respect to compliance with the requirements of the Office of the United States Trustee; b. advise the Debtor regarding matters of bankruptcy law, including its rights and remedies with regard to the assets and the claims of creditors; c. conduct examinations of witnesses, claimants, or adverse parties and to prepare and assist in the preparation of reports, accounts and pleadings related to the Chapter 11 case; d. advise the Debtor concerning the requirements of the Bankruptcy Code and applicable rules that may affect it in this case; e. assist the Debtor in the formulation, negotiation, confirmation and implementation of a Chapter 11 plan of reorganization and any sale or auction of the assets; and f. take such other actions and perform such other services as the Debtor may require in connection with this Chapter 11 case. The firm will be paid at the rate of $500 per hour. The firm received from the Debtor a retainer of $35,000 on July 1, 2026, paid by the Debtor's Chief Executive Officer and Designated Responsible Individual, Hermenegildo Couoh, from his personal resources. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Ms. Stuppi 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: Sarah M. Stuppi, Esq. Law Offices of Stuppi & Stuppi 1630 North Main Street, Suite 332 Walnut Creek, CA 94596 Telephone: (415) 786-4365 E-mail: Sarah@stuppilaw.com About C&C Security Patrol, Inc. C & C Security Patrol, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-40766) on April 14, 2026, listing $1,000,001 - $10 million in both assets and liabilities. Judge William J Lafferty presides over the case. Robert L. Goldstein, Esq. at Law Offices Of Robert L. Goldstein serves as the Debtor's counsel. CARPENTER REALTY: To Sell Bridgeton Property to Z&Z Investment -------------------------------------------------------------- Holly S. Miller, Plan Administrator of Carpenter Realty Corporation, seeks permission from the U.S. Bankruptcy Court for the District of New Jersey, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 1 Glass Street, Bridgeton NJ 08302 which is an approximately 10.85 acre parcel with 231,605 sq. ft of warehouse space. The Plan Administrator is authorized to sell the Bridgeton Property pursuant to the Plan and Plan Administration Agreement. The Plan Administrator engaged PNJP, LLC t/a Berkshire Hathaway Home Services New Jersey Properties as her broker to assist her with the marketing and sale of the Bridgeton Property The Plan Administrator and the Buyer, Z&Z Investment Property LLC, enter into an initial form of Agreement of Sale (AoS) with the Buyer on or about July 7, 2026. The AoS was entered into by the parties in good faith and after months of protracted and arms' length negotiations. In accordance with the terms and conditions of the AoS, the Buyer seeks to purchase the Bridgeton Property for a purchase price of $2,600,000. The Buyer paid the $100,000 Deposit to the Title Agent pursuant to the terms of the AoS. The Deposit is to be handled under the terms and conditions provided in the AoS. The Bid Deadline is the same date as the objection date for this Sale Motion which is August 3, 2026. Any competitive offer for the Bridgeton Property must be for a Purchase Price of at least $2,750,000 (the Buyer's initial Purchase Price of $2,600,000 PLUS the Buyer's Break-Up Fee of up to $100,000 PLUS the Initial Bid Increment of $50,000) and otherwise qualifies as a Qualified Bid as provided in the Bid Procedures Order. In such a case, the bid process in the Bid Procedures Order will be triggered and an Auction will take place to arrive at a Winning Bidder. Any Auction, if necessary, will be held prior to the Sale Hearing at a time and place TBD. The Plan Administrator submits that her decision to market and sell the Bridgeton Property, through a section 363 sale, represents a reasonable exercise of her business judgment. The open and fair sale process contemplated by the Bid Procedures Order has ensured that the Plan Administrator shall receive the highest and best value available for the Bridgeton Property by allowing the market to set the purchase price and/or to test any purchase price contained in the AoS. The Plan Administrator submits that, in the interest of attracting the best offers, it is appropriate to sell the Bridgeton Property free and clear of any and all encumbrances. About Carpenter Realty Carpenter Realty Corp. and its affiliates are owners, landlords, caretakers and managers of real property and buildings consisting of industrial lands, farms, commercial buildings, residences, wetlands and other real estate. The Debtors filed petitions under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 21-18789) on Nov. 12, 2021. At the time of the filing, Carpenter Realty reported $10 million to $50 million in assets and $1 million to $10 million in liabilities. Judge Jerrold N. Poslusny Jr. oversees the cases. Damien Nicholas Tancredi, Esq., at Flaster Greenberg, PC, is the Debtors' legal counsel. On June 23, 2022, the court confirmed the Debtors' Chapter 11 small business Subchapter V plan of liquidation. The liquidating plan took effect on July 23, 2022, and Holly S. Miller was appointed as administrator for the plan. CASA SOUTH: Gets Final OK to Use Cash Collateral ------------------------------------------------ Casa South, LLC received final approval from the U.S. Bankruptcy Court for the District of South Carolina to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral in accordance with the court-approved budget and grant adequate protection to the Edward Scott Wiley Revocable Trust through weekly payments of $1,750 and replacement liens on its post-petition assets. Additional safeguards include insurance coverage on the collateral, restrictions on payments to insiders and pre-petition unsecured creditors, and default provisions for missed payments, reporting failures, or excessive budget deviations. Edward Scott Wiley Revocable Trust may seek further relief, including relief from the automatic stay, if its interests are no longer adequately protected. The Debtor owes $500,000 to the trust, which claims a secured interest in substantially all of its assets under their loan agreements. Events of default under the final order include the Debtor's failure to pay, material budget deviations, or missed reporting obligations. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/2NxOF from PacerMonitor.com. Casa South's business is based in Myrtle Beach, South Carolina, and operates a restaurant that depends on daily cash flow to pay payroll, taxes, rent, utilities, food and beverage costs, insurance, vendor obligations, merchant processing fees, maintenance expenses, and other ordinary operational costs. Prior to bankruptcy, the Debtor experienced mounting financial difficulties caused by rising operating costs, fluctuating sales, debt obligations, tax liabilities, and vendor pressures. Because restaurant operations require constant liquidity, any interruption in access to cash would quickly threaten continued operations, employee retention, customer service, and vendor relationships. The Debtor identifies potential secured creditors that may claim interests in the cash collateral, particularly the Edward Scott Wiley Revocable Trust, which allegedly filed a UCC financing statement asserting a security interest in assets including cash, bank accounts, inventory, tools of the trade, and related proceeds. Although the Debtor acknowledges that these creditors may assert rights in cash collateral, it reserves the right to challenge the validity, perfection, enforceability, amount, or priority of any asserted liens or claims. About Casa South LLC Casa South, LLC is based in Myrtle Beach, South Carolina, and operates a restaurant. Casa South filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. S.C. Case No. 26-02236-eg) on May 19, 2026. In the petition signed by Joseph Carolan, president, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Elisabetta Gm Gasparini oversees the case. Roger K Pruitt, Esq., at RK Pruitt Law Firm, represents the Debtor as legal counsel. Christine Brimm serves as Subchapter V trustee for the Debtor. CELSIUS NETWORK: Judge Sets Ch. 11 Clawback Cases Damages Standard ------------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that a New York bankruptcy judge ruled that the Celsius litigation administrator may recoup cryptocurrency, proceeds from its sale, or the value of the assets at the time of their alleged preferential transfer in litigation tied to the failed crypto lender's Chapter 11 case. The opinion addresses the proper measure of damages for digital asset clawback claims. The court considered the remedies available to the bankruptcy estate in actions seeking to avoid transfers made before the Chapter 11 filing. It concluded that recovery is not limited to the cryptocurrency itself and may extend to sale proceeds or historical value, depending on the facts presented, the report relays. The ruling establishes a framework for resolving preference disputes involving digital assets, an area of bankruptcy law that continues to evolve alongside the cryptocurrency industry. The decision may serve as persuasive authority in future Chapter 11 cases involving similar clawback claims, according to Law360. About Celsius Network Celsius Network LLC -- http://www.celsius.network/-- is a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, as well as by engaging in proprietary trading. Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Celsius has a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. The Celsius Wallet claims to be one of the only online crypto wallets designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins (when they're lent out). Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But the lenders' business model came under scrutiny after a sharp sell-off in the crypto market spurred by the collapse of major tokens terraUSD and luna in May 2022. New Jersey-based Celsius froze withdrawals in June 2022, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. The list of major crypto firms that have filed for bankruptcy protection in 2022 now includes Celsius Network, Three Arrows Capital and Voyager Digital. Celsius Network, LLC and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex Mashinsky, the Debtors estimated assets and liabilities between $1 billion and $10 billion. The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as special counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Stretto is the claims agent and administrative advisor. On July 27, 2022, the U.S. Trustee appointed an official committee of unsecured creditors. The committee tapped White & Case, LLP as its bankruptcy counsel; Elementus Inc. as its blockchain forensics advisor; M3 Advisory Partners, LP as its financial advisor; and Perella Weinberg Partners, LP as its investment banker. Shoba Pillay, Esq., is the examiner appointed in the Debtors' Chapter 11 cases. Jenner & Block, LLP and Huron Consulting Services, LLC, serve as the examiner's legal counsel and financial advisor, respectively. * * * On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates. The Effective Date of the Plan occurred January 31, 2024. CELSIUS NETWORK: Wins Bid to Dismiss "Higgins" Adversary Case ------------------------------------------------------------- Chief Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York granted Celsius Network LLC's motion to dismiss the adversary proceeding captioned as MARK-ROCK HIGGINS, Plaintiff, v. CELSIUS NETWORK LLC, et al., Defendants, Adv. Pro. 26-01028 (Bankr. S.D.N.Y.). Pending before the Court is the Adversary Complaint for Determination of Ownership, Constructive Trust, and Turnover, and for Related Relief (the "Complaint") filed by Mark-Rock Higgins ("Mr. Higgins" or "Plaintiff"). The Complaint alleges two causes of action against the Debtors. First, Mr. Higgins seeks a determination of ownership of digital assets under Sec. 541(d) of the Bankruptcy Code, and second, Mr. Higgins requests turnover under Sec. 542 of the Code. The Motion to Dismiss seeks to dismiss both causes of action for failure to state a claim. Plaintiff claims that he held an account in the Debtors' Earn Program (the "Earn Program," and such assets, including any proceeds thereof, the "Earn Assets" and such accounts, the "Earn Accounts") that contained $43,512.49 worth of digital assets, including USDC, PAX Gold ("PAXG"), and CEL Token. Plaintiff argues that these digital assets are not estate property. Instead, he claims that the Debtors are merely "custodians or bailees" of Plaintiff's digital assets because PAXG is a "tokenized commodity instrument," with each token representing one ounce of physical gold held in custody. (As such, Plaintiff contends that PAXG is analogous to a "warehouse receipt" or a "custodial bullion certificate." Claiming the Debtors possess no equitable interest in the digital assets, Plaintiff argues that they should be excluded from the Debtors' bankruptcy estate under Sec. 541(d) of the Code. Plaintiff further argues that, even if ownership of the digital assets transferred to the Debtors, fraudulent inducement entitles him to rescission. He states that Alexander Mashinsky misled customers "regarding the safety and use of their assets. Plaintiff contends that he deposited and maintained digital assets in reliance on those misrepresentations, rendering any property transfer voidable. Accordingly, Plaintiff asks this Court to rescind the transfer. The Debtors contend that this Court already determined the ownership of assets deposited into the Earn Program in the Memorandum Opinion and Order Regarding Ownership of Earn Account Assets (the "Earn Order," Case No. 22-10964), which this Court entered on January 4, 2023. The Earn Order held that "Earn Assets constitute property of the Debtors' Estates." The Debtors argue that Plaintiff has not plausibly alleged sufficient reasons to make this Court reconsider its prior decision. The Debtors also argue that Plaintiff's claims are procedurally barred. The Debtors claim that Plaintiff entered into a contract with the Debtors governed by the terms of use (the "Terms of Use") through a "clickwrap" agreement by clicking a button indicating that he accepted the terms. The Debtors state that the Terms of Use unambiguously granted Celsius ownership rights over the Cryptocurrency used in the Earn Program. Accordingly, the Debtors request that this Court dismiss the Complaint. The Court finds Plaintiff is enjoined from commencing the proposed adversary proceeding because he is bound by the Earn Order, the Bar Date Order, and the Class Claim Settlement, irrespective of the validity of his contentions. Plaintiff requests that this Court determine the ownership of digital assets deposited in the Debtors' Earn Program. However, this Court resolved this issue through the Earn Order, holding that all digital assets deposited into the Debtors' Earn Program "constitute property of the Estates." Plaintiff has not plausibly alleged any intervening change in law, new evidence, clear error, or manifest injustice as a basis for this Court to reconsider its previous ruling. Plaintiff alleges that his ownership claims are "materially distinct" to those adjudicated in the Earn Order because of fraudulent inducement and the unique nature of stablecoins. However, the Earn Order explicitly provides that "stablecoins, as a type of cryptocurrency among Earn Assets, also belong to the Estates." The Earn Order also addresses the "common concern" that Alexander Mashinsky made statements that "influenced Account Holders' decisions to join Celsius, keep coins on Celsius's platform, and deposit additional assets." Therefore, the Court concludes Plaintiff's claims are precluded as they fall within the scope of the Earn Order. The Court also finds the Complaint suffers from additional procedural defects. This Court established August 2, 2023, as the final Bar Date for creditors to file Proofs of Claim against the Debtors. Plaintiff failed to allege that he timely filed a Proof of Claim and is thus barred from asserting his claims. Even if Plaintiff timely filed a Proof of Claim, he does not allege that he opted out of the Class Claim Settlement. Pursuant to the Class Claim Settlement, upon the expiration of the Opt-Out Period, any claims of any Account Holder that does not opt out of the Class Claim Settlement shall be expunged and superseded by such Holder's Settlement Claim. According to the Court, given Mr. Higgins does not allege that he opted out of the Class Claim Settlement nor that he filed a timely appeal in response to the Confirmation Order, he is not permitted to assert the claims set forth in the Complaint. The Court finds Plaintiff fails to state a claim for Constructive Trust. Plaintiff provides no reason as to why the Terms of Use are invalid and unenforceable against him and does not attach any exhibits that would support such a claim. Accordingly, the Sec. 541(d) exception does not apply to exclude the relevant digital assets from the Debtors' estate. The Court denies the request for turnover. Plaintiff fails to plead his fraudulent inducement claim against the Debtors with the particularity required under Rule 9(b). Accordingly, the Court denies the request for rescission. A copy of the Court's Memorandum Opinion and Order dated July 6, 2026, is available at https://urlcurt.com/u?l=Ulxn5J from Pacermonitor.com. About Celsius Network Celsius Network LLC -- http://www.celsius.network/-- is a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, as well as by engaging in proprietary trading. Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Celsius has a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. The Celsius Wallet claims to be one of the only online crypto wallets designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins (when they're lent out). Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But the lenders' business model came under scrutiny after a sharp sell-off in the crypto market spurred by the collapse of major tokens terraUSD and luna in May 2022. New Jersey-based Celsius froze withdrawals in June 2022, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. The list of major crypto firms that have filed for bankruptcy protection in 2022 now includes Celsius Network, Three Arrows Capital and Voyager Digital. Celsius Network, LLC and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex Mashinsky, the Debtors estimated assets and liabilities between $1 billion and $10 billion. The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as special counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Stretto is the claims agent and administrative advisor. On July 27, 2022, the U.S. Trustee appointed an official committee of unsecured creditors. The committee tapped White & Case, LLP as its bankruptcy counsel; Elementus Inc. as its blockchain forensics advisor; M3 Advisory Partners, LP as its financial advisor; and Perella Weinberg Partners, LP as its investment banker. Shoba Pillay, Esq., is the examiner appointed in the Debtors' Chapter 11 cases. Jenner & Block, LLP and Huron Consulting Services, LLC, serve as the examiner's legal counsel and financial advisor, respectively. * * * On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates. The Effective Date of the Plan occurred January 31, 2024. CENTRAL FALLS DETENTION: Seeks Chapter 11 Bankruptcy to Cut Debt ---------------------------------------------------------------- Steven Church of Bloomberg News reports thatcCentral Falls Detention Facility Corp. has sought Chapter 11 bankruptcy protection after determining it could no longer meet payment obligations tied to more than $167 million in bond debt. The organization owns and operates the Donald W. Wyatt Detention Facility in Central Falls, Rhode Island, a federally contracted detention center. Established by the State of Rhode Island, the company operates the facility under agreements with federal agencies to house detainees, including individuals in the custody of Immigration and Customs Enforcement. Court documents state that the detention center can accommodate as many as 782 inmates, the report states. The bankruptcy filing comes after years of litigation involving the facility’s financial obligations. In 2019, the trustee for the bondholders sued the company, claiming that officials responsible for the facility improperly directed available funds away from required bond payments and affected creditor recoveries, according to Bloomberg. Through Chapter 11, Central Falls Detention Facility Corp. intends to address its financial distress while maintaining operations. The restructuring process will allow the company to negotiate with creditors and determine a path forward for the detention facility and its outstanding debt obligations, the report cites. About Central Falls Detention Central Falls Detention Facility Corporation is a Rhode Island nonprofit entity responsible for owning and operating the Donald W. Wyatt Detention Facility in Central Falls. Established by the State of Rhode Island, the corporation was formed to develop and manage a secure detention facility serving federal government needs. The company provides detention services through federal contracts, housing detainees referred by government agencies, including Immigration and Customs Enforcement. Central Falls Detention Facility Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. R.I. Case No. 26-10628) on July 10, 2026. Honorable Bankruptcy Judge John A. Dorsey Jr. handles the case. The Debtor is represented by Daniel E. Burgoyne, Esq. of Partridge Snow & Hahn LLP. CHABAD OF GRAMERCY: To Sell NY Property to Woodbranch ----------------------------------------------------- Yann Geron, as chapter 11 trustee of the estate of Chabad of Gramercy Park, seeks permission from the U.S. Bankruptcy Court for the Eastern District of New York, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Properties are located at (a) 12 East 13th Street, Unit COM, New York, New York 10003 (12 E 13th); (b) 116-118 West 14th Street, First Floor Unit, New York, New York 10011; (c) 121 West 19th Street, New York, New York 10011 in the building known as and by The Lion's Head Condominium; (d) 105-107 East 16th Street, New York, New York 10010; and (e) Cooperative Interests in the Cooperative Organization known as 40 W. 22nd St. Tenants Cooperative Corp. pertaining to 45.45 shares of Stock for Unit Gr. Fl in the building located at 40 West 22nd Street, New York, New York 1001. The Trustee received one bid for the 12 E 13th Property, in the amount of $1,650,000, from Woodbranch Property Trust. The Trustee, in consultation with the Secured Lender, deemed this bid a Qualifying Bid and deemed Woodbranch Property Trust as the Successful Bidder. The Trustee and Successful Bidder entered into an Asset Purchase Agreement (APA). The Sale Hearing for the Property will proceed on July 15, 2026, at 1:00 p.m. (ET) before the Honorable Jil Mazer-Marino, United States Bankruptcy Judge, in Courtroom 3529 at the United States Bankruptcy Court for the Eastern District of New York, 271-C Cadman Plaza East, Brooklyn, New York 11201-1800. Parties may appear at the Sale Hearing in person, by phone or by videoconference. Those intending to appear at the hearing must register with eCourt Appearances no later than two days prior to the hearing. The phone number or video link for the hearing will be emailed only to those that register with eCourt Appearances in advance of the hearing. Instructions for registering with eCourt Appearances can be found at https://www.nyeb.uscourts.gov/node/2126. About Chabad of Gramercy Park Chabad of Gramercy Park owns a portfolio of five properties situated across various locations in New York, with a combined estimated value of $13.77 million. Chabad of Gramercy Park sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-40105) on January 8, 2025. In its petition, the Debtor reports total assets of $13,770,000 and total liabilities of 24,715,943. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. Alla Kachan, Esq., at Law Offices of Alla Kachan P.C., represents the Debtor as counsel. CHATEAU CREOLE: Trustee Can Substitute as Plaintiff in Baldone Case ------------------------------------------------------------------- Judge Darrel James Papillion of the U.S. District Court for the Eastern District of Louisiana denied the objections and motion of Starr Surplus Lines Insurance Company, et al. for review under Rule 72(a) of the Magistrate Judge's order on the motion to substitute or, in the alternative, to intervene filed by the Dwayne M. Murray, the Chapter 11 Trustee of Chateau Creole Apartments, LLC, in the case captioned as DAMON J. BALDONE, LLC VERSUS STARR SURPLUS LINES INSURANCE COMPANY, ET AL., CIVIL ACTION NO. 24-543 (E.D. La.). On March 4, 2024, Plaintiff Damon J. Baldone, LLC filed this lawsuit alleging that two properties -- Chateau Desa Apartments and Chateau Creole Apartments -- sustained damage from theft, vandalism, and/or malicious mischief in March 2022. Plaintiff alleged that Defendants insured the properties and are liable for contractual and extra-contractual damages as a result of their failure to timely pay the full amount owed under the insurance policies for the covered losses and their failure to fairly and promptly adjust the insurance claims. In January 2025, Defendants filed a motion to stay this case subject to the resolution of two motions that were pending before the United States Bankruptcy Court for the Eastern District of Louisiana in In Re: Chateau Creole Apartments, LLC, Case No. 24-10608 ("the Bankruptcy Case"). Defendants' motion to stay put this Court on notice that Plaintiff Damon J. Baldone, LLC did not own the Chateau Creole Apartments ("the Property"). Instead, the Property was owned by Chateau Creole Apartments, LLC, the bankruptcy debtor in the Bankruptcy Case; and the Property itself and the claims against the Defendants in this lawsuit were claimed assets in the Bankruptcy Case. Because Chateau Creole Apartments, LLC was not a party to this lawsuit and because there was a motion pending before the bankruptcy court to appoint a Trustee to represent the interests of Chateau Creole Apartments, LLC, this Court stayed and administratively closed this action pending the resolution of the outstanding motions in the Bankruptcy Case. In April 2025, Trustee Murray appeared in this lawsuit for the first time by filing a motion to reopen the case. The Trustee sought to reopen the case as the proper party to pursue the claims related to the Chateau Creole Apartments. Having received no opposition from Plaintiff or Defendants, the Court granted the Trustee's motion and reopened the case. In December 2025, Trustee Murray filed a motion to be substituted as party plaintiff in this action with respect to any and all claims related to the Chateau Creole Apartments, or, in the alternative, to be granted leave to intervene to prosecute the claims against the Defendants related to the Chateau Creole Apartments. The Trustee's motion was referred to the assigned Magistrate Judge for determination pursuant to Federal Rule of Civil Procedure 72(a). On February 10, 2026, the Magistrate Judge issued an Order and Reasons granting Trustee Murray's motion to substitute. The Magistrate Judge concluded that under Rule 17(a)(3) of the Federal Rules of Civil Procedure, Trustee Murray should be substituted as the real party in interest to prosecute the claims involving the Chateau Creole Apartments. And the Magistrate Judge further provided, in dicta, that Trustee Murray's alternative request for intervention would be proper in the event substitution was not appropriate. Defendants object to the Magistrate Judge's Order allowing the Trustee to substitute into the lawsuit as the real party in interest to prosecute the claims alleged in the Complaint involving the Chateau Creole Apartments. Defendants argue the Magistrate Judge's Order and Reasons is both contrary to law and clearly erroneous and ask this Court to reverse the Magistrate Judge's decision. Defendants contend that the Magistrate Judge's ruling is contrary to law because Damon J. Baldone, LLC had no insurable interest in the Chateau Creole Apartments and therefore no right to enforce any insurance claim against Defendants. Accordingly, Defendants argue, Damon J. Baldone, LLC had no rights to transfer to the Trustee, and thus the Trustee cannot be substituted in the place of Damon J. Baldone, LLC to pursue claims Damon J. Baldone, LLC never had any right to pursue. Defendants also contend the Magistrate Judge's factual findings were clearly erroneous because Damon J. Baldone, LLC's filing suit in its name was not an honest or understandable mistake. The Court finds Defendants have failed to show that the Magistrate Judge's decision to allow the Trustee's substitution under Federal Rule of Civil Procedure 17(a)(3) was contrary to law or clearly erroneous. Rather, after considering Defendants' objections, the Court concludes the Magistrate Judge applied the proper law, weighed the evidence presented, and came to the plausible conclusion that the filing of this suit in the name of Damon J. Baldone, LLC was the result of a reasonable mistake, and not any deceitful conduct. The Magistrate Judge conducted the requisite analysis under Rule 17(a)(3) and concluded that although this action was commenced in the name of Damon J. Baldone, LLC, which was not the real party in interest, the Trustee, as the real party in interest, should be permitted to substitute as plaintiff with respect to the claims related to the Chateau Creole Apartments, and thus the action shall proceed as if it had been originally commenced by the real party in interest. Because the substitution in this case is governed by Rule 17(a)(3), and not Rule 25(c), it is irrelevant that Damon J. Baldone, LLC had no rights or interest in this action to transfer to the Trustee. The Trustee's substitution was in no way based on any transfer of interest from Damon J. Baldone, LLC. Accordingly, Defendants' objection that the Magistrate Judge's decision is contrary to law for failure to consider that Damon J. Baldone, LLC had no rights to transfer to the Trustee and thus that the Trustee could not "substitute" in this action as the transferee of Damon J. Baldone, LLC's interest is overruled. The Trustee's motion sought to substitute or, in the alternative, to intervene in the lawsuit to prosecute the claims related to the Chatea Creole Apartments. The Magistrate Judge determined that substitution was proper and alternatively determined intervention would be allowed were substitution not appropriate. Defendants argue that the Trustee's motion to intervene was untimely and, thus, the Magistrate Judge erred in finding that intervention would be permissible were substitution not appropriate. The Court need not resolve this objection because the Magistrate Judge granted the Trustee's motion to substitute, and that ruling remains in place. Accordingly, the Trustee's alternative motion to intervene, and any objections related to the ruling on that motion, are moot. A copy of the Court's Order dated July 8, 2026, is available at https://urlcurt.com/u?l=GT5mCr from Pacermonitor.com. About Chateau Creole Apartments, LLC Chateau Creole Apartments is primarily engaged in renting and leasing real estate properties. Chateau Creole Apartments, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 24-10608) on March 29, 2024, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Damon J. Baldone as manager. Judge Meredith S. Grabill presides over the case. Ryan J. Richmond, Esq. at Sternberg, Naccari & White, LLC represents the Debtor as counsel. CLEMENTS ELECTRIC: Court Cites Vexatious Litigant in Contempt ------------------------------------------------------------- Judge Michelle V. Larson of the U.S. Bankruptcy Court for the Northern District of Texas ruled Adriano Budri, a vexatious litigant in the bankruptcy case of Clements Electric Texas, LLC, is in contempt of court and therefore subject to sanctions pursuant to Sec. 105(a) of the Bankruptcy Code. On October 30, 2024, the Debtor filed bankruptcy pursuant to Subchapter V of Chapter 11 of the Bankruptcy Code. On November 25, 2024, the Debtor filed its Schedules and Statement of Financial Affairs (the "SOFA"). In neither the Schedules nor the SOFA did the Debtor allude to any unsecured claims held by Mr. Budri. However, according to the Budri Filings, there existed a purported prepetition dispute over $179 between Mr. Budri and the Debtor and/or its principal, Mr. Michel Clements ("Mr. Clements") with regard to electrical repairs that the Debtor completed at Mr. Budri's residence. On June 17, 2025, Mr. Budri filed a Proof of Claim (Claim No. 12) (the "Budri Claim") in the amount of $179, months after the January 8, 2025, claims bar date. Nevertheless, it is undisputed that Mr. Budri did not receive prior notice of the Debtor's bankruptcy case or the bar date for filing non-governmental proofs of claim prior to January 8, 2025. Beginning no later than October 3, 2025, Mr. Budri was added to the service list. Nevertheless, Mr. Budri did not actively participate in the bankruptcy proceedings, including plan confirmation. On January 28, 2026, the Debtor filed an objection to the Budri Claim as late-filed, Mr. Budri did not file a corresponding motion to deem the Budri claim timely filed. However, after the Debtor determined that Mr. Budri had not received timely notice of the bar date, the Debtor quickly withdrew its objection on February 8, 2026. Therefore, the claim was deemed allowed. It was at this point, in late February 2026, after the Debtor has already withdrawn the objection to Mr. Budri's claim, that Mr. Budri began filing a litany of repetitive pleadings contending that the Debtor: (1) knew about the outstanding $179 claim; (2) failed to amend the Schedules or include Mr. Budri on the Debtor's creditor matrix in a timely fashion that would have provided Mr. Budri notice of the case prior to the bar date to file his proof of claim; (3) prevented Mr. Budri from participating in the distribution of the estate's assets; and (4) intentionally excluded Mr. Budri from the documents as a "deliberate tactical move to deny his procedural due process" and constitutional rights. Mr. Budri began filing a series of motions in relentless succession, requesting myriad forms of relief, including $20,000 in sanctions against the Debtor, Mr. Clements, and counsel for the Debtor, Ms. Joyce Lindauer. The Court emphasizes that the uncontroverted evidence and testimony provided by both the Trustee and Mr. Budri, show that Mr. Budri's purported $179 claim was paid in full by the Trustee (as disbursing agent under the confirmed plan) on or around March 13, 2026, as a means of resolving this dispute and reducing the exorbitant fees being run up by the Debtor and the Trustee to address Mr. Budri's repetitious filings and harassing communications. However, despite their best efforts to resolve the matter, Mr. Budri's furious onslaught of correspondence with the Debtor, counsel for the Debtor, Ms. Lindauer, the Trustee, the UST, and even the Court's courtroom deputy, nevertheless continued in the form of dozens of filings and dozens more pieces of correspondence. Following the Vexatious Litigant Hearing, the Court entered the Vexatious Litigant Order, denying the Budri Filings that were considered in connection with the Vexatious Litigant Hearing, designating Mr. Budri as a vexatious litigant, and imposing pre-filing restrictions as to any attempted filings by Mr. Budri other than those associated with his appellate rights. More specifically, the Court ordered that Mr. Budri was barred from filing anything further with the Court, other than a notice of appeal of the Vexatious Litigant Order or related appellate filings, without prior authorization by the Court first. Furthermore, the Court held that if Mr. Budri did not comply with the Vexatious Litigant Order and continued to file motions, responses, letters, and/or any other documents without prior authorization, the Court would hold Mr. Budri in contempt, and he would be subject to further sanctions. Mr. Budri failed to heed the Court's continued warnings and blatantly ignored Court instructions and/or mandates in several respects. The Court finds Mr. Budri in contempt and subject to further sanctions. The Court enjoins Mr. Budri from any further filings and/or attempted communication in this case. Mr. Budri may file a pleading or communicate with the Court and/or the Clerk of Court with respect to: (1) Mr. Budri's appellate rights wherein he seeks review by a higher court; (2) a request for a transcript in connection with Case No. 24-33418; or (3) upon being expressly prompted to respond to any communications initiated by the Court or Clerk of Court. If Mr. Budri attempts to file or communicate with the Court and/or the Clerk of Court outside the narrow parameters established herein, the Court will impose a monetary sanction of $179 per attempted filing. A copy of the Court's Memorandum Opinion and Order dated July 10, 2026, is available at https://urlcurt.com/u?l=zOmOHO from Pacermonitor.com. About Clements Electric Texas LLC Clements Electric Texas, LLC offers full-service electrical services for homes and businesses in the D/FW area. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 24-33418) on October 30, 2024, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Michelle V. Larson presides over the case. Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC represents the Debtor as bankruptcy counsel. COAST TO COAST: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Coast to Coast Palm, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral for court-approved payments; ordinary operating expenses listed on the approved budget (with up to a 10% variance for each budget line item), and any additional expenditures with approval by secured lenders. This authorization will continue until further order of the court. The Debtor projects total operational expenses of $54,703.04 for July, $50,703.04 for August, and $50,703.04 for September. Numerous lenders and funding companies may hold liens on the Debtor's assets such as equipment, accounts, receivables, inventory and deposit accounts. These lenders include Advance Service Group, Ascentium Capital, Broadway Advance, Commercial Industrial Finance, Corporation Service Company, CT Corporation System, Dynamic Equities Funding, FCS Advisors, Ilend Advance, In Advance, Lend Bug, Newtek Bank, Secured Lender Solutions, Swiss Fund, and the U.S. Small Business Administration. As adequate protection, lenders with a security interest in cash collateral will be granted a perfected post-petition lien on the collateral, with the same validity, priority and extent as their pre-bankruptcy liens. Additional safeguards include maintaining insurance coverage on the collateral in accordance with the Debtors' loan and security agreements with lenders. The order preserves the rights of all parties to seek additional adequate protection or other remedies and does not determine the validity, extent, priority, or amount of any lender's lien or secured claim. The interim order is available at https://urlcurt.com/u?l=0PEtUy from PacerMonitor.com. The next hearing is scheduled for Sept. 29. About Coast to Coast Palm Coast to Coast Palm, LLC, doing business as Coast to Coast Linen, provides commercial linen and textile rental and laundering services, supplying items such as uniforms and linens to business customers. The company operates from West Palm Beach, Florida, serving clients in the surrounding South Florida region. It operates within the industrial laundry and linen supply services industry. Coast to Coast Palm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10247) on January 12, 2026. At the time of the filing, the Debtor listed between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Mindy A. Mora oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC is the Debtor's legal counsel. COMPAC USA: Claims to be Paid from Available Cash & Income ---------------------------------------------------------- Compac USA Inc. filed with the U.S. Bankruptcy Court for the Southern District of Florida a Third Amended Plan of Reorganization dated July 2, 2026. The Debtor was incorporated in 2002 to market and sell Compac stone products. The Debtor specializes in obsidian, terrazzo, and quartz surfaces for architecture and design. The Debtor is a Florida corporation, incorporated in 2002. Its principal place of business is located at 1777 NW 72 Avenue, Suite 2, Miami, Florida 33126. The Debtor is 100% owned by Compac Corporate S.L., a Spanish limited liability company based in Valencia, Spain. The Debtor intends to continue operating in the ordinary course of business, devoting the next three years of its profits (an aggregate amount of $716,126), plus a further $200,000 in each of years four and five, plus an aggregate $1,883,874 direct contribution on the terms of and subject to the Parent Settlement ($158,056.00 in year one, $265,113.00 in year two, $360,705.00 in year three, $500,000.00 in year four, and $600,000.00 in year five) by Compac Corporate, into a litigation trust denominated the Engineered Stone Settlement Trust, for the benefit of Holders of Engineered Stone Claims. In sum, the payments made by the Debtor and the Parent Plan Contribution are an aggregate amount of $3,000,000 ($300,000 in year one, $500,000 in year two, $700,000 in year three, $700,000 in year four, and $800,000 in year five). All payments to the Engineered Stone Settlement Trust shall be made quarterly and administered by the Engineered Stone Settlement Trustee except for the first payment to be made on the Effective Date. The Debtor's financial projections demonstrate that the Debtor will have projected disposable income in the aggregate amount of $716,126. The Plan payments are expected to be made quarterly, and the final Plan payment is expected to be paid 60 months after the Effective Date of the Plan. Class 4 consists of all General Unsecured Claims against the Debtor that do not constitute Engineered Stone Claims. As soon as reasonably practicable, a Class 4 Claim shall be paid in full from Cash on hand and the general operations of the Debtor in the ordinary course of business. Class 4 is deemed Unimpaired and thus will be entitled to vote to accept or reject the Plan. Class 5 consists of all Equity Interests in the Debtor. The Holder of the Class 5 Equity Interest shall receive in full satisfaction of their Interest, retained rights in the Equity Interests in the Debtor. A Holder of a Class 5 Equity Interest shall receive no payments on account of its Interest in the Debtor during the life of the Plan. The Plan will be funded with the Debtor's Cash on hand, plus Projected Disposable Income, plus the Parent Plan Contribution. The Engineered Stone Settlement Trust shall be established as of the Effective Date for the benefit of Holders of Engineered Stone Claims. The Engineered Stone Settlement Trust shall be funded from the Debtor's Projected Disposable Income plus the Parent Plan Contribution, which totals $3,000,000. The Debtor and the Parent, respectively, shall pay to the Engineered Stone Settlement Trust twenty-one payments beginning on the Effective Date with the remaining payments to be made quarterly beginning on September 30, 2026 and continuing on the last day of each calendar quarter thereafter. A full-text copy of the Third Amended Plan dated July 2, 2026 is available at https://urlcurt.com/u?l=aMtxI9 from PacerMonitor.com at no charge. Counsel to the Debtor: Joseph A. Pack, Esq. Pack Law, P.A. 51 NE 24th St., Suite 108 Miami, FL 33137 Tel: (305) 916-4500 E-mail: joe@packlaw.com About Compac USA Inc. Compac USA Inc. is a Florida entity incorporated in 2002 to market and sell Compac stone products. The Debtor specializes in obsidian, terrazzo, and quartz surfaces for architecture and design. The Debtor maintains showrooms in Miami, Florida and New York, New York. Compac USA sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23372) on Dec. 21, 2024. Francisco A. Sanchis-Brines, president of Compac USA, signed the petition. As of Nov. 24, 2024, Compac USA reported total assets of $5,342,926 and total liabilities of $739,872. Judge Corali Lopez-Castro handles the case. The Debtor is represented by Joseph A. Pack, at Pack Law. CORECIVIC INC: S&P Affirms 'BB' Rating on Asset Sales ----------------------------------------------------- S&P Global Ratings affirmed the 'BB' issuer credit rating and senior unsecured debt rating on U.S.-based criminal detention and residential reentry facility provider CoreCivic Inc. The stable outlook reflects S&P's expectation that CoreCivic will perform in line with its forecast and manage capital allocation consistent with its stated financial policy. CoreCivic sold its California City and Otay Mesa, California, facilities for approximately $1.1 billion in net proceeds. The company plans to use proceeds to retire about $600 million in debt, strengthening the balance sheet and providing substantial liquidity, and for general corporate purposes including debt repayment, share repurchases, and potential acquisitions. S&P said, "While we expect CoreCivic to operate with S&P Global Ratings-adjusted net leverage below our 2x upside trigger in the near term, it maintains a public financial policy target of 2.25x-2.75x, providing flexibility for shareholder returns or strategic acquisitions." CoreCivic's financial policy plans limit ratings upside despite the debt paydown. The all-cash transaction yielded approximately $1.1 billion in net proceeds, which the company will use to retire approximately $600 million in debt, including the incremental term loan, revolving credit facility, and 4.75% senior notes due in 2027. S&P believes the California City and Otay Mesa facility sales will reduce EBITDA as the company transitions from owner-operator to just operator, mitigated by the operational ramp-up of several key facilities such as Midwest Regional in Leavenworth, Kansas and Diamondback in Watonga, Oklahoma. This strategic portfolio optimization provides substantial liquidity cushion and enhanced balance sheet flexibility to pursue adjacent growth opportunities and shareholder returns. Growth opportunities could broaden its service capabilities and diversify cash flow. Debt reduction is significant; however, CoreCivic has indicated it will maintain balance sheet flexibility with significant temporary improvement in leverage. S&P said, "We believe the company could increase leverage toward its financial policy target of 2.25x-2.75x to achieve its goals. Pro forma for the debt repayment, we estimate leverage of 1x. The timing of an increase is uncertain, and we will continue to assess financial policy plans for potential ratings implications." Performance should remain solid over the next year despite lower EBITDA. S&P said, "We anticipate CoreCivic will maintain stable EBITDA margins as the ramp-up of new federal contracts and integration of its Clinical Solutions Pharmacy would largely offset the divestitures. Furthermore, we expect cash flow to remain strong, driven by steady federal and state demand. We will continue to monitor the timing of these facility activations and the impact of any per diem rate negotiations on overall margin stability." The stable outlook reflects S&P's expectation that the company will perform in line with its forecast and manage its capital allocation in a manner consistent with its stated financial policy. S&P could lower its ratings on CoreCivic if S&P expects leverage will rise and remain above 3x on a sustained basis. This could occur if: -- The company adopts a shareholder-friendly financial policy that prioritizes large debt-funded share repurchases or asset acquisitions that are not immediately accretive to EBITDA; -- Higher-than-expected costs, possibly to ramp up volume, and increases with delayed offsetting revenue; or -- A decline in per diem rates that stems from stress on state budgets, administrative changes, or contract termination rates that exceed S&P's expectations. S&P could raise its ratings on CoreCivic if it adopts a more conservative financial policy such that S&P expects it will maintain a track record of S&P Global Ratings-adjusted leverage below 2x or the company expands and diversifies its business. This could occur if it: -- Adopts a more conservative financial policy with respect to shareholder returns and asset purchases; or -- Broadens its business operations such that S&P believes profit and cash flow are less susceptible to changes in presidential administrations. COREY BARNETTE: UST Wins Bid to Dismiss Chapter 11 Bankruptcy Case ------------------------------------------------------------------ Judge Elizabeth L. Gunn of the U.S. Bankruptcy Court for the District of Columbia granted the United States Trustee's motion to dismiss the Chapter 11 case of Corey Barnette. In January 2024, the Debtor, whose ongoing income was derived from his ownership interest in a licensed marijuana cultivation facility in the District of Columbia, originally filed a voluntary petition for relief under chapter 12 of the Bankruptcy Code. On July 22, 2024, the Debtor proposed a chapter 12 plan of reorganization. Following an evidentiary hearing held on September 5, 2024, the Court concluded that the Debtor was not an individual involved in a farming operation and was thus ineligible for relief under chapter 12 but afforded the Debtor an opportunity to convert to another chapter. On October 1, 2024, the Debtor's case was voluntarily converted to a case under subchapter V of chapter 11. On December 12, 2024, the UST filed the motion. Despite representations to the contrary, as of the date of the filing of the motion, the Debtor had not filed an amended plan consistent with the requirements of subchapter V. The motion sets forth four bases for dismissal of the Debtor's case: (1) that the Debtor's business and/or source of income violates federal narcotics law, rendering the Debtor ineligible for bankruptcy relief; (2) that the proceeds of the Debtor's illegal business activities cannot be used to fund a plan; (3) gross mismanagement of the Debtor's estate; and (4) the Debtor's failure to timely file the October 2024 operating report. Upon the finding of cause, the burden shifts to the Debtor to demonstrate the existence of unusual circumstances to justify the continuation of the case. According to the Court, the Debtor offered little, if any, reasonable justification for his tardiness in filing the operating reports, failure to utilize a debtor-in-possession account, continued use of Apple Cash, the missing $15,000, failure to disclose financial support, and failure to file a subchapter V plan. The Court finds that the Debtor has not met his evidentiary burden to show unusual circumstances. Upon a review of the facts and circumstances, and being especially mindful of the potential legal risk to a chapter 7 trustee tasked with administration of this Debtor's estate, the Debtor's paucity of assets other than potential litigation recoveries, and the de minimis income of the estate during the pendency of the case, the Court finds that dismissal is the appropriate remedy. A copy of the Court's Memorandum Opinion dated July 9, 2026, is available at https://urlcurt.com/u?l=USwsBI from Pacermonitor.com. In January 2024, Corey Barnette originally filed a voluntary petition for relief under chapter 12 of the Bankruptcy Code. On October 1, 2024, the Debtor's case was voluntarily converted to a case under subchapter V of chapter 11 (Bankr. D.C. Case No. 24-00111). CORRIDOR GARDENS: Seeks Chapter 11 Bankruptcy in Georgia -------------------------------------------------------- On July 10, 2026, Corridor Gardens Intown LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. The debtor must file its Chapter 11 plan and accompanying disclosure statement no later than November 9, 2026. About Corridor Gardens Intown LLC Corridor Gardens Intown LLC is a Stone Mountain, Georgia-based residential property leasing and management company. The company operates as a single asset real estate business and manages the Corridor Gardens apartment complex located in Atlanta, Georgia. The company is part of a broader real estate portfolio associated with operations across Georgia, Alabama, and Mississippi. Corridor Gardens Intown LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-58991) on July 10, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. CRISP MOMENTUM: CEO Van Den Heuvel Resigns ------------------------------------------ Crisp Momentum Inc. announced in a regulatory filing that Renger van den Heuvel, Chief Executive Officer, principal financial officer, principal accounting officer, and a member of the Company's Board of Directors, resigned from his officer and director positions with the Company. His resignation was not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company's operations, policies or practices. On the same day, the Company appointed Ana Rita Coelho to serve as Interim Chief Executive Officer, principal financial officer and principal accounting officer. Immediately following Mr. van den Heuvel's resignation, the Board increased the size of the Board to five members and appointed the following directors to fill the vacancies created by Mr. van den Heuvel's resignation and the increase in the size of the Board: * Brian McConville * Ana Rita Coelho * Mariana Mourawad Adrian Cheng and Clive Ng continue to serve as Chairman of the Board and Vice Chairman of the Board, respectively. Historically, the Company's officers and directors have not received compensation for their service. As of July 7, 2026, no compensation arrangements for the new (or existing) officers and directors have been made. Biographical Information Brian McConville -- Mr. McConville, age 59, is a senior level executive with 30 years' experience in finance, technology, and media. Mr. McConville has served in executive roles as chief executive officer, president, and vice chairman in areas including artificial intelligence, cloud-based technology, and media. He was also a managing principal in a U.S. based holding company focused on management of positions in listed European companies. Mr. McConville was president, and board member of Collectrium, LLC, which was successfully sold to Christies Auction House in 2015. He is also an avid art collector, with a focus on Asian Contemporary work. Ana Rita Coelho -- Ms. Coelho, age 36, brings extensive international experience in corporate operations, governance, cross-border transactions and strategic execution. Throughout her career, she has coordinated complex corporate projects across different jurisdictions and worked closely with executive leadership, legal counsel, financial institutions and international investors. Since joining the Company, Ms. Coelho has played a central role in the Company's corporate operations, governance, SEC reporting processes, financing transactions and strategic initiatives. Mariana Mourawad -- Ms. Mourawad, age 39, brings significant experience in legal strategy, contract negotiation, regulatory compliance, and business-focused corporate support. Throughout her career, she has worked closely with senior leadership and cross-functional teams to align legal frameworks with corporate objectives, enhance operational efficiency, and support strategic execution. Ms. Mourawad has also led key initiatives involving the implementation of electronic signature platforms, document automation, and data protection compliance, strengthening legal risk management and improving operational performance across functions. She combines a strong legal background with a practical, strategic perspective and a demonstrated interest in innovation, technology, and business development. Ms. Mourawad holds a law degree and completed graduate studies in Business Administration. Formation of Audit Committee On June 30, 2026, the Board formed the Audit Committee. The members of the Audit Committee are as follows: * Brian McConville (Chair) * Ana Rita Coelho * Mariana Mourawad Mr. McConville is "independent" under the listing standards of The Nasdaq Stock Market and rules and regulations of the Securities and Exchange Commission. The Board of Directors has determined that one of the members of the Audit Committee, Mr. McConville, meets the definition of an "audit committee financial expert" and meet the definition of "financially literate" as established by the SEC. The Audit Committee provides assistance to the Board in fulfilling its oversight responsibilities relating to the quality and integrity of the financial reports of the Company. The Audit Committee has the sole authority to engage, review and remove the Company's independent auditor, and to establish and oversee procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls and audit matters. The Audit Committee has adopted a charter, a full text copy of which is available at https://tinyurl.com/5yvkj7fw About Crisp Momentum Inc. Crisp Momentum Inc. is a U.S.-based global media and technology company focused on the creation, acquisition, and monetization of short-form scripted video content known as Duanju or "microdramas. Crisp develops and distributes professionally produced, high-quality short-form series through the Crisp platform as well as through third-party digital distribution partners worldwide. The Woodlands, TX-based M&K CPAs, PLLC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated January 28, 2026, attached to the Company's Annual Report on Form 10-K for the year ended July 31, 2025, citing that the Company incurred recurring losses from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. Company has a net loss and cash used in operations and has a significant accumulated, stockholders', and working capital deficit which raise substantial doubt about its ability to continue as a going concern. As of April 30, 2026, the Company had $1.34 million in total assets, $1.28 million in total liabilities, and $53,371 in total stockholders' equity. DANSKAMMER HOLDCO: Hires Epiq as Administrative Advisor ------------------------------------------------------- Danskammer HoldCo LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Epiq Corporate Restructuring, LLC as administrative advisor. The firm will provide these services: (a) assist with solicitation, balloting, tabulation of votes, and preparation of related reports in support of confirmation of a chapter 11 plan, and process requests for documents from parties in interest, including brokerage firms, bank back-offices, and institutional holders; (b) prepare an official ballot certification and, if necessary, testify in support of ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a chapter 11 plan; and (f) provide other processing, solicitation, balloting, and administrative services as described in the Engagement Agreement or as requested by the Debtors, the Court, or the Clerk. The retainer is $25,000. Epiq Corporate Restructuring, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and does not hold or represent an adverse interest to the Debtors' estates in connection with the services to be provided. The firm can be reached at: Alexander Warso Epiq Corporate Restructuring, LLC 777 3rd Ave., 12th Floor New York, NY 1001 About Danskammer HoldCo LLC Danskammer HoldCo LLC is a New York-based owner and operator of a natural gas-fired power plant. Danskammer Holdco and its affiliates filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No. 26-10950) on June 10, 2026. The Debtors reported $10 million to $50 million in both assets and liabilities. Landis Rath & Cobb LLP represents the Debtors. SSG Advisors, LLC as investment banker. Epiq Corporate Restructuring, LLC as administrative advisor. DANSKAMMER HOLDCO: Hires Landis Rath & Cobb LLP as Counsel ---------------------------------------------------------- Danskammer HoldCo LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Landis Rath & Cobb LLP as counsel. The firm's services include: a. providing legal advice regarding Delaware local rules, practices, precedents, and procedures and providing substantive and strategic advice on how to accomplish the Debtors' goals in connection with the prosecution of these cases, in all aspects of each bankruptcy proceeding; b. advising and assisting the Debtors with respect to their rights, powers and duties as debtors-in-possession and taking all necessary action to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any actions commenced against the Debtors, negotiating all disputes involving the Debtors, and preparing objections to claims filed against the Debtors' estates; c. preparing and filing necessary pleadings, motions, applications, proposed orders, notices, schedules, and other documents, and reviewing all financial and other reports to be filed in these Chapter 11 Cases, and advising the Debtors concerning, and preparing responses to, applications, motions, other pleadings, notices and other papers that may be filed and served in these cases; d. handling inquiries and calls from creditors and counsel to interested parties regarding pending matters and the general status of these Chapter 11 Cases; e. appearing in this Court and any appellate courts to represent and protect the interests of the Debtors and their estates; f. attending meetings including any meeting of creditors and negotiating with representatives of creditors and other parties-in-interest; g. advising and assisting the Debtors in maximizing value in these Chapter 11 Cases, including, without limitation, in connection with the sales of assets, other transactions and/or a disclosure statement and chapter 11 plan and all documents related thereto, and taking all further actions as may be required in connection with any sale, disclosure statement or plan during these Chapter 11 Cases; and h. performing all other necessary legal services for the Debtors in connection with the prosecution of these Chapter 11 Cases, including, but not limited to: (i) analyzing the Debtors' leases and contracts and the assumptions, rejections, or assignments thereof, (ii) analyzing the validity of liens against the Debtors, (iii) advising the Debtors on litigation matters, and (iv) developing a reorganization or liquidation strategy. The firm will be paid at these rates: Partners $925 to $1,475 per hour Associates $500 to $625 per hour Paralegals $335 to $395 per hour Legal assistants $235 per hour The firm received a retainer payment on January 27, 2026 from the Debtors in the amount of $150,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ms. Brown 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: Kimberly A. Brown, Esq. Landis Rath & Cobb LLP 919 Market Street Suite 1800 Wilmington, DE 19801 Tel: (302) 467-4400 Email: brown@lrclaw.com About Danskammer HoldCo LLC Danskammer HoldCo LLC is a New York-based owner and operator of a natural gas-fired power plant. Danskammer Holdco and its affiliates filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No. 26-10950) on June 10, 2026. The Debtors reported $10 million to $50 million in both assets and liabilities. Landis Rath & Cobb LLP represents the Debtors. SSG Advisors, LLC as investment banker. Epiq Corporate Restructuring, LLC as administrative advisor. DANSKAMMER HOLDCO: Hires SSG Advisors as Investment Banker ---------------------------------------------------------- Danskammer HoldCo LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ SSG Advisors, LLC as investment banker. The firm's services include: (a) advising on and assisting the Debtors in the preparation of an information memorandum describing the Debtors, their operations, management, and financial status for use in discussions with prospective purchasers and assisting in the due diligence process for a potential sale transaction; (b) assisting the Debtors in compiling a data room of any necessary and appropriate documents related to the sale; (c) assisting the Debtors in developing a list of suitable potential buyers who will be contacted on a discreet and confidential basis after written approval by the Debtors; (d) coordinating the execution of confidentiality agreements for such potential buyers wishing to review the information memorandum and/or data room; (e) assisting the Debtors in coordinating site visits for interested buyers and working with the management team to develop appropriate presentations for such visits; (f) soliciting competitive offers from potential buyers; (g) advising and assisting the Debtors in structuring the sale transaction and negotiating the sale agreements; (h) to the extent necessary or advisable, providing testimony and declarations regarding the sale in connection with these Chapter 11 Cases; and (i) otherwise assisting the Debtors and their other professionals, as necessary or as reasonably requested by the Debtors, through closing on a best efforts basis. Prior to the commencement of the Chapter 11 Cases, the Debtors paid the firm an initial fee of $75,000. The firm will be paid as follows: Monthly Fees: Monthly fees of $50,000 (the "Monthly Fees") per month, payable on the fifteenth (15th) of each month beginning July 15, 2026. Transaction Fee: Upon the consummation of a sale transaction to any party, SSG shall be entitled to a fee (the "Transaction Fee"), payable in cash, in federal funds via wire transfer or certified check, at and as a condition of closing of such sale transaction and as a direct carveout from proceeds and cash, prior in right to any secured debt, equal to the greater of (i) $500,000; or (ii) three percent (3.0%) of Total Consideration, as that term is defined in the Engagement Agreement. In the event of a sale(s) of individual assets, SSG shall be entitled to ten percent (10.0%) of the sale price of each asset sale transaction with no minimum fee. Ms. Kohl 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: Teresa C. Kohl SSG Advisors, LLC 300 Barr Harbor Drive, Suite 420 West Conshohocken, PA 19428 Tel: (610) 940-1094 About Danskammer HoldCo LLC Danskammer HoldCo LLC is a New York-based owner and operator of a natural gas-fired power plant. Danskammer Holdco and its affiliates filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No. 26-10950) on June 10, 2026. The Debtors reported $10 million to $50 million in both assets and liabilities. Landis Rath & Cobb LLP represents the Debtors. SSG Advisors, LLC as investment banker. Epiq Corporate Restructuring, LLC as administrative advisor. DIESEL POWER: 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 Diesel Power Technology, Inc. Ms. Klump will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Klump declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gina Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Phone: (707) 778-0111 Email: gklump@klumplaw.net About Diesel Power Technology Inc. Diesel Power Technology, Inc. is a Turlock, California-based diesel engine and industrial power equipment maintenance provider specializing in the repair and servicing of heavy-duty industrial power systems. The company continues to operate its primary facility in Turlock while reorganizing its financial obligations under Chapter 11 following customer disputes and legal challenges that emerged in 2024. Diesel Power Technology, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-13119) on July 1, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $50,000 to $100,000. Honorable Jennifer E. Niemann handles the case. The Debtor is represented by David C. Johnston, Esq. DOCKSIDE ASSOCIATION: Hires Jones Lang as Real Estate Broker ------------------------------------------------------------ Dockside Association, Inc. seeks approval from the U.S. Bankruptcy Court for the District of South Carolina to employ Jones Lang LaSalle Americas, Inc. as real estate broker. The firm will market and sell the Debtor's real property located at 330 Concord Street Charleston, SC 29401. The firm will be paid a commission of 2 percent of the gross proceeds of the real property. As 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: Lee Allen Jones Lang LaSalle Americas, Inc. 850 Morrison Dr, Suite 650 Charleston, SC 29403 Tel: (843) 805-5111 Email: lee.allen@jll.com About Dockside Association, Inc. Dockside Association, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 25-05115) on December 29, 2025, listing assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. Judge Elisabetta Gm Gasparini presides over the case. The Debtor tapped Michael M. Beal, Esq., at Beal, LLC as general bankruptcy counsel; Clement Rivers, LLP, Bundy McDonald, LLC, and Mark C. Tanenbaum, P.A. as special counsel; and DCPAS, LLC and Moss & Yantis CPA, PA as accountants. EARTHSNAP INC: Chapter 7 Conversion of Bankruptcy Case Affirmed --------------------------------------------------------------- In the appeal styled EARTHSNAP, INC. and ERIC RALLS, Appellants, versus PLANTSNAP, INC., and DEJ PARTNERS, LLC, Appellees, APPEAL OF NO. 24-60363-JPS (E.D. Tex.), Judge of the U.S. District Court for the Eastern District of Texas affirmed the bankruptcy court's order granting the motion of PlantSnap, Inc., and DEJ Partners, LLC to convert the chapter 11 cases of EarthSnap Inc. and Ric Ralls to chapter 7 liquidations. The order denying the Debtors' motion to reconsider is also affirmed. On April 21, 2025, the bankruptcy court issued an Order Granting Motion to Convert Subchapter V, Chapter 11 Cases Into Chapter 7 Bankruptcy Cases. In identifying the grounds for conversion under Sec. 1112 of the Bankruptcy Code, the bankruptcy court cites: (1) Debtors' unexcused failure to file timely monthly operating reports and Sec. 1116 financial documents; (2) Ralls's gross mismanagement of the bankruptcy estate; (3) Debtors' failure to comply with court discovery orders; and (4) Debtors' failure to file a proposed Chapter 11 plan that meets the requirements for confirmation. Additionally, the bankruptcy court found that Debtors failed to meet their burden of establishing the applicability of the exception contained in Sec. 1112(b)(2). Specifically, the bankruptcy court held that Debtors failed to demonstrate the existence of unusual circumstances. Thus, the bankruptcy court ultimately concluded that conversion was appropriate and in the best interest of the creditors under Sec. 1112. The Debtors filed a Notice of Appeal on June 25, 2025, asking the district court to reverse the rulings contained in the bankruptcy court's Order Granting Motion to Convert Subchapter V, Chapter 11 Cases into Chapter 7 Bankruptcy Cases and the Order Denying Motion to Vacate Order Dismissing Case. In their brief, Debtors expend a significant amount of effort detailing the numerous failings of their former counsel, Wiley, and maintain that his egregious errors constitute "unusual circumstances" for purposes of Sec. 1112(b)(2). Wiley's mistakes include his failure to file required monthly operating reports on a timely basis, his failure to file a plan of reorganization within the statutory deadline, and his non-compliance with two separate discovery orders. The district court finds in the present case, Debtors unequivocally fail to identify any unusual circumstances or demonstrate how the alleged circumstances establish that conversion is not in the best interest of the creditors or the estate. According to Debtors' motion to reconsider, Wiley was hospitalized for an extended period of time in November or December 2024. Additionally, Wiley experienced the unexpected death of his adult son in January 2025. Although the court acknowledges the hardships Wiley suffered during the pendency of Debtors' bankruptcy petition, this case was initially filed on June 17, 2024. The failures identified by the bankruptcy court began as early as July 2024, approximately four months before Wiley's hospitalization. The district court finds many of the instances of misconduct that form the grounds for conversion cannot be attributed to or reasonably justified by Wiley's personal circumstances, which did not arise until months later. Furthermore, one of the most significant grounds for conversion, Ralls's gross mismanagement of the estate, cannot be attributed to Wiley. Accordingly, the court cannot conclude that Wiley's personal tragedies reasonably justify the mismanagement and misappropriation of funds perpetrated by Ralls. Therefore, even if unusual circumstances did exist, the bankruptcy court did not err in refusing to apply Sec. 1112(b)(2), as Debtors cannot provide a reasonable justification for the acts and omissions that formed the grounds for conversion. Thus, the district court concludes the bankruptcy court did not abuse its discretion in holding that Debtors failed to meet their burden under Sec. 1112(b)(2). As a result, the court need not address Appellants' contentions regarding the remaining requirements of Sec. 1112(b)(2). Therefore, because the exception contained in Sec. 1112(b)(2) does not apply, the bankruptcy court correctly concluded that conversion was appropriate under Sec. 1112(b)(1). For the same reasons, the bankruptcy court did not err in denying Debtors' motion for reconsideration of the order converting the case. A copy of the Court's Opinion dated July 7, 2026, is available at https://urlcurt.com/u?l=qo83ww from Pacermonitor.com. About Earthsnap, Inc. EarthSnap Inc. is an Android developer. EarthSnap Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 24-60363) on June 17, 2024. In the petition signed by Eric Ralls, as CEO, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. The Debtor is represented by Kevin S. Wiley, Sr., Esq. at WILEY LAW GROUP, PLLC. The case was converted to Chapter 7 on April 21, 2025. ECHOSTAR CORP: Hughes CEO Resigns, Charles Ergen Takes Over Role ---------------------------------------------------------------- EchoStar Corporation announced in a regulatory filing that on July 6, 2026, following discussions with the Board of Directors regarding a change of strategic direction, Mr. Hamid Akhavan notified the Company and Hughes Satellite Systems Corporation that he will resign effective immediately from all positions with the Company and Hughes, including his roles as Chief Executive Officer of EchoStar Capital, President and Chief Executive Officer of Hughes, and member of the boards of directors of both EchoStar and Hughes. To ensure an orderly transition, Mr. Akhavan will be available to consult with the Company and Hughes through December 31, 2026. In connection with his departure, Mr. Akhavan's Letter Agreement will be modified to accelerate the vesting of his outstanding options previously scheduled to vest on December 31, 2026, effective July 6, 2026. Mr. Charles W. Ergen will take over Mr. Akhavan's responsibilities as Principal Executive Officer of Hughes. Information regarding Mr. Ergen's compensation and related-party transactions are included in the Company's filings. EchoStar Capital will fold into Corporate Development, which will be run by Mr. Thomas A. Cullen, Executive Vice President, Corporate Development, who has nearly 20 years of experience with the Company. About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of March 31, 2026, the Company had $41.38 billion in total assets and $35.7 billion in total liabilities, and total stockholders' equity of $5.68 billion. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' Company credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026. ECLUDE INC: Gets Court OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, entered an order temporarily granting Eclude Inc. approval to use cash collateral to fund its operations. The Debtor's cash collateral includes cash on hand generated from assets subject to security interests held by its creditors. The creditors that may claim security interests include the U.S. Small Business Administration, which holds first-priority and second-priority liens securing loans of $278,100 and $221,900, respectively. Another creditor Cal Statewide holds a third-priority SBA-guaranteed loan with approximately $167,803 remaining. Meanwhile, Kapitus and Revenued hold fourth-priority and fifth-priority UCC filings, although the Debtor believes these merchant cash advance lenders may ultimately be unsecured. The Debtor offers adequate protection by granting secured creditors replacement liens that preserve the same validity and priority as the creditor's pre-petition liens, maintaining insurance on all assets, continuing operations to preserve and enhance asset value, and remaining subject to possible adequate protection payments ordered by the court. The order is available at http://bankrupt.com/misc/EcludeInc_CCOrder35.pdf The court scheduled a further hearing for July 28 and set a July 17 deadline for filing objections. Eclude's Chapter 11 case is intended as a reorganization rather than a liquidation or sale. Its Cuban restaurant in Palmdale, California, has operated for 13 years and has become a well-known restaurant, winning Antelope Valley's Best Restaurant awards in 2023, 2024, and 2026, as well as Best Dining Experience in 2025. However, the business suffered severe financial strain beginning with the COVID-19 pandemic, which sharply reduced sales. The restaurant subsequently borrowed through two SBA loans and an SBA-guaranteed loan to finance a patio expansion that added 38 seats. Although the expansion ultimately increased business, the additional operating costs outpaced revenue growth for several years, creating significant cash flow problems. To remain operational, the Debtor turned to MCA lenders, which is a high-interest financing disguised as purchases of future receivables. The Debtor obtained multiple MCA loans, including $100,000 from OnDeck in 2024, $240,000 from Kapitus in 2025 with monthly payments of nearly $19,300, additional loans of $30,000 and $10,000, a $40,000 QB-Web Bank loan, and a $45,000 Revenued loan in 2026. According to the Debtor, the burden of simultaneously servicing SBA loans, MCA obligations, and normal operating expenses made financial failure inevitable. The restaurant also accumulated approximately $55,000 in unpaid California sales taxes and entered into a repayment plan with the state. Despite these difficulties, the Debtor's business remains fundamentally viable. Gross receipts increased from approximately $1.51 million in 2024 to $1.73 million in 2025, with more than $1.02 million generated through June 22, 2026. The restaurant offers authentic Cuban cuisine, alcoholic beverages, indoor and outdoor dining, and live entertainment, while management regularly monitors competitors' pricing to remain competitive. The Debtor believes it can successfully reorganize by eliminating MCA payments through bankruptcy, reducing expenses, improving operating margins from roughly 7% to at least 10%, expanding its catering operations, and exploring opportunities to provide restaurant services to other businesses. About Eclude Inc. Eclude Inc. is a Palmdale, California-based full-service restaurant operator doing business as Baracoa Cuban Restaurant. The company offers Cuban cuisine, live entertainment, and catering services, and has become a well-known dining destination in the Antelope Valley. The business is owned and managed by Tony Castro and has also provided marketing services and program supplies to local public agencies between 2023 and 2024. Eclude Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16466) on June 29, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Neil W. Bason is overseeing the case. The Debtor is represented by Steven R. Fox, Esq. EEE DEVELOPMENT: Trustee Hires Hayward PLLC as Counsel ------------------------------------------------------ Mark A. Weisbart, the Chapter 11 Trustee of EEE Development LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Hayward PLLC as counsel. The firm's services include: a. assisting in the administration of the bankruptcy case; b. evaluating and pursuing avoidance actions; c. prosecuting claim objections, investigating into the acts, conduct, assets, liabilities, and financial condition of the Debtor, drafting pleadings; and d. performing other litigation functions. The firm will be paid at these rates: Mark A. Weisbart $600 per hour John Lewis $500 per hour Melissa Hayward $600 per hour Zachery Annable $500 per hour James S. Brouner $550 per hour Wyatt Shirley $300 per hour Paralegal/Legal Assistants $245 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Weisbart disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Mark A Weisbart, Esq. Hayward PLLC 10501 N Central Expy, Suite 106 Dallas, TX 75231 Telephone: (972) 755-7103 Email: MWeisbart@HaywardFirm.com About EEE Development LLC Creditors Avishkar Property Management, LLC, Rajiv Roy, and Rajiv Miil Holding Company Inc. filed an involuntary Chapter 11 petition against EEE Development, LLC (Bankr. N.D. Texas Case No. 26-80006) on May 8, 2026. The Hon. Stacey G Jernigan presides over the case. The petitioners are represented by Frank Jennings Wright, Esq. On June 3, 2026, the court held a status conference on the Chapter 11 involuntary petition against EEE Development. No representative or principal from the debtor appeared during this Status Conference. Thereafter, the court directed the United States Trustee to appoint a Chapter 11 Trustee for the Debtor's estate. Bonds Ellis Eppich Schafer Jones LLP represents the Rock River Secured Lenders. Mark A. Weisbart, Esq. at Hayward PLLC serves as the Debtor's legal counsel. EGO COLLISION: Hires Aramis Hernandez P.A. as Attorney ------------------------------------------------------ Ego Collision Center Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Aramis Hernandez as attorney. 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; e. represent the Debtor in negotiations with creditors and in the preparation of a plan. The firm will be paid at these rates: Aramis Hernandez $425 per hour The firm will be paid a retainer in the amount of $5,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Aramis Hernandez, 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: Aramis Hernandez Aramis Hernandez, P.A. 100 SE 2nd Street, Suite 2000 Miami, FL 33131 About EGO Collision Center Corp. EGO Collision Center Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17795) on June 15, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Marly P. Gomez, president and owner of EGO Collision Center, signed the petition. Judge Robert A. Mark oversees the case. Aramis Hernandez, Esq., at Miami Legal Center, represents the Debtor as legal counsel. ELECTROTECHNICS CORPORATION: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------------------------- On July 10, 2026, Electrotechnics Corporation filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Texas. According to court filings, the debtor reports between $1 million and $10 million in liabilities, between $500,000 and $1 million in assets, and 50–99 creditors. The U.S. Trustee has scheduled the Section 341(a) Meeting of Creditors for August 18, 2026, at 10:00 a.m., to be conducted via telephonic dial-in. About Electrotechnics Corporation Electrotechnics Corporation is a Marshall, Texas-based traffic control and signaling equipment manufacturer specializing in transportation infrastructure technology. The company designs and manufactures solar-powered traffic safety systems, traffic signal equipment, wired cabinet assemblies, GPS time switches, and related products for municipal and state transportation agencies. Its operations are based in Tyler, Texas. Electrotechnics Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20108) on July 10, 2026. In its petition, the debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Joshua P. Searcy handles the case. The debtor is represented by Marcus Salitore, Esq., of Salitore Law PLLC. ELYSIAN CAPITAL: Shuts Down Beef-a-Roo Restaurants w/o Bankruptcy ----------------------------------------------------------------- Daniel Kline of The Street reports that hundreds of Beef-a-Roo employees have lost their jobs after parent company Elysian Capital Inc. closed company-owned restaurants across seven states. The closures affected locations in Illinois, Indiana, Arkansas, Missouri, Tennessee, Kansas, and Texas, while franchised restaurants were not included. Shortly after the shutdowns, the chain's website was removed from public access. The closures come amid increasing financial pressure and litigation. A lawsuit filed by a landlord in Missouri alleges Beef-A-Roo Inc., Elysian Capital Inc., and CEO Jeffrey Love failed to pay more than $63,845 in rent and related obligations. Reports also indicate the company explored selling the restaurant chain to another investment firm, but negotiations ultimately failed, the report states. Workers said they were caught off guard by the sudden decision. Emails distributed by Elysian Capital blamed severe financial constraints for the closures and confirmed that layoffs extended throughout the organization, including executive leadership. Employees also reported delays in receiving their final wages, adding to uncertainty following the abrupt shutdown. In communications to staff, the company said it is actively seeking funds to cover unpaid payroll and issue final paychecks as quickly as possible. Beef-a-Roo built its reputation on roast beef sandwiches, burgers, loaded fries, and milkshakes, but the future of the remaining franchised restaurants remains uncertain after the disappearance of the company's website, according to report. About Elysian Capital Inc. Elysian Capital Inc. is a Dallas-based private equity firm that specializes in business acquisitions, operational management, and corporate restructuring. The company has built a portfolio of investments spanning the restaurant and consumer sectors, including the ownership and operation of more than two dozen Beef-a-Roo restaurants. Its investment strategy centers on acquiring and improving operating businesses. EMOREJ LLC: Claims to be Paid from Property Sale Proceeds --------------------------------------------------------- EMOREJ, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Georgia a First Amended Plan of Reorganization dated July 3, 2026. The Debtor is a Georgia limited liability, with its principal place of business in Georgia. The Debtor's primary business is owning and leasing out real property. The Debtor owns six properties. In or around June, 2023, SouthState Bank made a loan secured by the Debtor's office building located at 6885 Jimmy Carter Blvd., in the original principal amount of approximately $2,012,561.11. Subsequently, SouthState Bank merged into or was acquired by FirstBank. Debtor does not have any other secured creditors. As a result of financial issues arising from nonpayment by tenants, Debtor fell behind on loan payments to FirstBank (the "Secured Lender"). The Secured Lender thereafter began advertising a foreclosure sale to occur on April 7, 2026. The Debtor filed this case on April 6, 2026, prior to the contemplated foreclosure sale, in order to preserve its substantial equity in the Office Building and to pay its creditors. The Plan proposes to sell the office building located at 6885 Jimmy Carter Blvd., which has more than sufficient equity to pay all claims in full. Due to the simple nature of the Plan, and the value of the office building compared to the amount of claims, Debtor has the ability to pay all claims through the sale provided for pursuant to this Plan without a subsequent reorganization. This Plan proposes to pay creditors of Debtor from Debtor's sale of the office building at 6885 Jimmy Carter Blvd. Class 3 consists of General (non-priority) Unsecured Claims. The Debtor shall pay all general unsecured claims in full from the sale of the office building and real property at 6855 Jimmy Carter Blvd. This Class is unimpaired. Class 4 consists of equity interests. Equity interests are being retained, as all claims are being paid in full (and, this is a Subchapter V case and the absolute priority rule does not apply). The Debtor will fund the plan payments through the sale of real property referenced in this Plan. The Debtor will retain its prepetition Manager who has also served as its post-petition Manager, Mr. Jerome Lee, to effectuate the terms of this Plan. A full-text copy of the First Amended Plan dated July 3, 2026 is available at https://urlcurt.com/u?l=Ojyq6v from PacerMonitor.com at no charge. Counsel to the Debtor: Michael D. Robl, Esq. Maxwell W. Bowen, Esq. Robl & Bowen LLC 3754 Lavista Road, Suite 250 Tucker, GA 30084 Telephone: (404) 373-5153 Facsimile: (404) 537-1761 Email: michael@roblgroup.com About EMOREJ LLC EMOREJ, LLC, is a limited liability company with reported assets in the range of $0 to $100,000 and liabilities between $1 million and $10 million, reflecting significant financial distress relative to its asset base. EMOREJ, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54577) on April 6, 2026. In its petition, the debtor reported estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Lisa Ritchey Craig is handling the case. The Debtor is represented by Michael D. Robl, Esq., of Robl & Bowen LLC. ENERGYSOLUTIONS HOLDCO: S&P Assigns 'B+' ICR, Outlook Stable ------------------------------------------------------------ S&P Global Ratings assigned its 'B+' issuer credit rating to EnergySolutions Holdco Inc. (ES) and its 'B+' issue-level rating and '3' recovery rating to its proposed senior secured revolving credit facility (RCF) and term loan B (TLB) facility. The outlook is stable. S&P said, "At the same time, we revised our outlook on EnergySolutions Inc. to stable from negative and affirmed the 'B+' issuer credit rating. Our issue-level and recovery ratings on the company's existing senior secured debt are unchanged. Following the close of the transaction, we will withdraw our issuer credit rating on EnergySolutions Inc. and our issue-level and recovery ratings on the existing senior secured debt at EnergySolutions LLC." The stable outlook on EnergySolutions Holdco Inc. and Energy Solutions Inc reflects our expectation that their strong backlog, ongoing decommissioning work, and expansion of services business will help maintain credit metrics S&P considers appropriate for the rating. Energy Capital Partners (ECP) plans to acquire vertically integrated nuclear lifecycle solutions provider EnergySolutions Inc. from TriArtisan Capital Advisors LLC. On July 13, 2026, ES launched a transaction seeking to raise a $1.1 billion senior secured term loan B (TLB) due 2033, which it will use to fund the acquisition and repay existing debt. The company also plans to raise a $200 million revolving credit facility (RCF) to fund its business needs and future growth. Despite the increase in its debt leverage, ES' credit metrics remain appropriate for the current rating. ECP is funding its acquisition of EnergySolutions Inc. using $1.1 billion of equity, a $1.1 billion TLB, and a new $200 million RCF. S&P said, "Therefore, we expect the company's S&P Global Ratings-adjusted debt to EBITDA will increase toward 5x, which is up from about 3x for the 12 months ended March 31, 2026. We believe that this level of leverage will still provide ES with a sufficient cushion in its metrics at the current rating level. We expect that the company will maintain this ratio between 4x and 5x on a weighted average basis, a level we consider appropriate for the rating." Leverage could improve within this range on incremental earnings growth and the absence of any major re-leveraging transactions. Our base-case forecast doesn't incorporate any shareholder-friendly initiatives such as dividend distribution." S&P said, "Our issuer credit rating on ES and our issue-level rating on its new senior secured debt are predicated on the transaction closing as currently proposed and are subject to ECP's receipt of the necessary regulatory and legal approvals for the acquisition. Any material change to the terms or structure of the proposed transaction could necessitate a reassessment of our ratings." Going forward, the financials will be issued under ES, which will also be the borrower of the new senior secured debt. Fair business risk assessment reflects its position in the niche nuclear waste management space. S&P said, "We believe ES is well positioned to steadily increase its organic revenue, underpinned by its robust approximately $5 billion combined (nuclear decommissioning, waste management, and services) backlog. We expect the future expansion in the company's top-line revenue will stem primarily from improvement in its Services and Waste Management segments. We expect the growth in ES' Services segment to be supported by its contracts with the Duke and Tennessee Valley Authority (TVA) fleets, which will be further bolstered by its recent contract wins with Constellation Energy. Additionally, the push toward nuclear energy as a key decarbonization solution will provide a significant tailwind to the company's Waste Management segment, given our expectation increased nuclear capacity will lead to higher volumes of radioactive waste generation over the long term." From an operational standpoint, ES' integrated "full-cycle" service model enhances its ability to capture efficiencies, as demonstrated by the decommissioning synergies it achieved at the Kewaunee reactor. By concurrently dismantling existing units while preparing sites for future development, the company can achieve more streamlined and cost-effective project execution. However, ES continues to face certain headwinds, including the push to extend the operational life of nuclear plants, which may delay the commencement of new decommissioning projects. While the company's current Decommissioning and Decontamination (D&D) backlog provides it with several years of revenue visibility, its realization of these earnings remains subject to potential timing issues, cost overruns, and project delays. Consequently, ES' ability to successfully bid for, and secure, large-scale new projects remains critical to maintaining its long-term profitability and backlog momentum. S&P thinks ES is relatively stronger than similarly assessed business risk profile and financial risk profile peers given its above average margins, vertically integrated operations in a high regulatory requirements space, while maintaining debt leverage in the range of 4x-5x which is modestly strong at the rating. FS-6 financial policy assessment reflects ECP's ownership of ES. Following the transaction, ECP will fully own ES and have significant control over its operations. In addition, ECP generally has a five-to-seven-year time horizon for its investments. S&P said, "Furthermore, the acquisition will increase ES' debt leverage and we note that, during its prior ownership of the company, ECP opted to take dividends. Such actions could potentially increase ES' leverage beyond our base-case expectations, which underpins our FS-6 financial policy assessment. That said, we could revise our financial policy assessment if ECP and ES demonstrate a sustained commitment to more conservative financial policies." S&P said, "We assess liquidity as adequate. We expect ES will generate sufficient free operating cash flow (FOCF) over the next 12 months to, combined with its modest cash balance and undrawn revolver, sufficiently covers its cash outflows for interest payments, mandatory amortization, working capital requirements, and capital expenditure (capex). "The stable outlook reflects our expectation that ES will maintain weighted-average S&P Global Ratings-adjusted debt to EBITDA in the 4x-5x range, which we view as appropriate for the current rating. We believe the multi-year nature of the company's decommissioning projects, its strong project backlog, and the contracted nature of its services (with built-in inflation-based price escalations) will enable it to continue generating solid earnings while maintaining adequate liquidity. The outlook also reflects our assumption that ECP's financial policies will remain supportive of the current rating. "We could lower our ratings on ES over the next 12 months if its operating conditions weaken and cause its weighted-average S&P Global Ratings-adjusted debt to EBITDA to approach 6x with limited prospects for improvement." This could occur if: -- The company experiences delays and cost overruns on its portfolio of decommissioning projects; -- The operating environment for nuclear decommissioning jobs permanently deteriorates; -- It faces adverse competitive dynamics that lead to diminishing waste volume receipts; -- The company uses a greater-than-expected level of debt funding for another material acquisition; or -- The headroom under its financial covenant become tight, it is unable to refinance its RCF, or it experiences other liquidity-related concerns. Although unlikely, S&P could raise its ratings on ES over the next 12 months if: -- S&P believes that management and the company's financial sponsor would support debt leverage of less than 4x on a sustained basis while maintaining adequate liquidity; and -- The company continues to exhibit good performance on its decommissioning projects, wins new projects at a reasonable pace, and displays less variability in its operational profile (the irregular frequency and magnitude of its major decommissioning jobs and completions adds considerable variability to its performance, given its scale). ESCAMBIA COUNTY: Seeks Chapter 11 Bankruptcy -------------------------------------------- On July 10, 2026, Escambia County Alabama Community Hospitals, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Alabama. According to court filings, the debtor reports between $1 million and $10 million in liabilities, estimated assets of $10 million to $50 million, and between 200 and 999 creditors. Deadline to file the Balance Sheet is July 24, 2026. About Escambia County Alabama Community Hospitals, Inc. Escambia County Alabama Community Hospitals, Inc. is an Atmore, Alabama-based healthcare provider operating Atmore Community Hospital, a 49-bed acute care and Critical Access Hospital. The organization provides emergency medicine, intensive care, and rural health clinic services, while maintaining a management affiliation with Infirmary Health for operational and clinical support. The hospital streamlined operations by closing its surgery department in 2024 amid financial challenges and employed approximately 316 people during the 2024 fiscal year. Escambia County Alabama Community Hospitals, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-12059) on July 10, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Jerry C. Oldshue is overseeing the case. The debtor is represented by Alexandra K. Garrett, Esq., of Silver Voit Garrett & Watkins. FINCH THERAPEUTICS: Seeks to Extend Plan Exclusivity to Oct. 19 --------------------------------------------------------------- Finch Therapeutics Group, Inc. and its affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 19 and Dec. 17, 2026, respectively. The Debtors explain that they have been operating under the protection of chapter 11 for approximately three months, and during this short 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 complete the solicitation and confirmation of the Combined Disclosure Statement and Plan. The Debtors believe that the requested extensions of the Exclusive Periods will afford the Debtors time to complete the solicitation of the Combined Disclosure Statement and Plan and to confirm the Combined Disclosure Statement and Plan. The Debtors claim that the Combined Disclosure Statement and Plan, which was filed contemporaneously with the Conditional Approval and Procedures Motion, provides for the sale of substantially all of the Debtors' assets, which the Debtors expect will generate sufficient proceeds to pay all allowed claims in full and provide a meaningful distribution to equity holders. Accordingly, the Debtors submit that this factor weighs in favor of the requested extension of the Exclusive Periods. This Motion is the Debtors' first 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 permit the Debtors additional time to complete the solicitation of the Combined Disclosure Statement and Plan, obtain confirmation of the Combined Disclosure Statement and Plan, consummate the transactions contemplated thereunder, and continue the orderly, efficient, and cost-effective chapter 11 process. Accordingly, the Debtors believe that the requested extension is warranted and appropriate under the circumstances. The Debtors assert that termination of the Exclusive Periods would adversely impact the Debtors' progress in these chapter 11 cases. Simply put, if the requested extensions are denied, upon expiration of the Exclusive Periods, any party in interest would be free to propose a plan for the Debtors and solicit acceptances thereof. Counsel to the Debtors: Robert A. Weber, 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 Telephone: (302) 295-0191 E-mail: weber@chipmanbrown.com bach@chipmanbrown.com maser@chipmanbrown.com - and - Daniel G. Egan, Esq. CHIPMAN BROWN CICERO & COLE, LLP 420 Lexington Avenue, Suite 442 New York, NY 10170 Telephone: (646) 741-5529 E-mail: egan@chipmanbrown.com - and - Cristine Pirro Schwarzman, Esq. ROPES & GRAY LLP 1211 Avenue of the Americas New York, NY 10036 Telephone: (212) 596-9000 E-mail: cristine.schwarzman@ropesgray.com About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Del. Lead Case No. 26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FLORIDA KEYS STEAK: Keeps Door Open After Chapter 11 Filing ----------------------------------------------------------- Alex Rickert of KeysWeekly reports that Florida Keys Steak and Lobster House is continuing operations after seeking Chapter 11 bankruptcy protection to reorganize approximately $6.63 million in debt. Bankruptcy documents filed earlier this year state that owner Maria Ely filed the case to restructure the restaurant's financial affairs, preserve its assets, and negotiate repayment with creditors through the bankruptcy process. The filing includes approximately $2.76 million in unsecured claims. The restaurant's largest obligations include approximately $1.76 million owed to Uptown Fund LLC, more than $806,000 owed to U.S. Foods, and several six-figure balances to alternative lenders. Additional debts include taxes owed to the Florida Department of Revenue and an undetermined balance with the IRS. Court filings also place the value of the restaurant property at approximately $3.23 million, with a mortgage balance of about $1.8 million, according to report. Since taking ownership in 2014, Maria Ely and her late husband built Florida Keys Steak and Lobster House into one of Marathon's premier dining establishments. Offering seafood, steaks, sushi, lunch, happy hour, and dinner service, the restaurant has earned multiple community awards and remains a popular destination for both residents and tourists, the report states. The Chapter 11 filing is intended to allow the business to remain open while it develops a reorganization strategy. Court records include a proposed operating budget covering the restructuring period, and the restaurant continues serving customers while bankruptcy proceedings move forward. A hearing on the case is scheduled for July 15 before U.S. Bankruptcy Judge Peter D. Russin, the report cites. About Florida Keys Steak and Lobster House Florida Keys Steak and Lobster House, Inc. is a Marathon, Florida-based full-service restaurant known for serving premium steaks, fresh seafood, sushi, and American cuisine. Operating from 3660 Overseas Highway, the restaurant has been a longtime dining destination in the Middle Keys, offering lunch, dinner, happy hour, and catering services. Florida Keys Steak and Lobster House sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14233) on April 3, 2026. In its report, the Debtor reports approximately $3.23 million in real estate assets and $6.63 million in total liabilities. Honorable Bankruptcy Judge Peter D. Russin handles the case. The Debtor is represented by Chad T. Van Horn, Esq. FOCUS UTILITY: Commences Subchapter V Bankruptcy in Florida ----------------------------------------------------------- On July 12, 2026, Focus Utility Services, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $1 million and $10 million in liabilities owed to between 1 and 49 creditors. About Focus Utility Services, LLC Focus Utility Services, LLC is a Miramar, Florida-based utility system construction company specializing in hydro-excavation and underground infrastructure services. The company provides excavation and utility support for infrastructure projects throughout South Florida and continues to operate as a debtor-in-possession while maintaining ongoing utility projects in the Miami area. The current filing follows the dismissal of a prior Chapter 11 case in May 2026. Focus Utility Services, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19103) on July 12, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Scott M. Grossman handles the case. The debtor is represented by Jaitegh Singh, Esq. FRITEX VENTURES: Claims to be Paid from Asset Sale Proceeds ----------------------------------------------------------- Afritex Ventures, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Texas a Combined Plan of Liquidation and Disclosure Statement dated July 3, 2026. The majority of the Debtor's assets are proposed to be sold pursuant to the terms of this Plan, with proceeds from the sale to fund the Plan. The Plan also provides for the distribution of the net proceeds to holders of Allowed Claims in accordance with the proposed claim treatment. The Debtor originally proposed to enter into a purchase agreement with Genesis Food Products, Inc. for a sale of the Debtor's operating assets. Genesis failed to perform under the Management Services Agreement and withdrew. The Debtor subsequently identified Optimista Florida SPV, LLC as a purchaser. The parties have now reached agreement on the following terms: Optimista will purchase substantially all of the Debtor's assets for consideration consisting of (i) $100,000 in cash payable at closing and (ii) an earnout equal to 30% of annual EBITDA derived solely from seafood-related operations utilizing the acquired Afritex assets, payable over four years following closing, capped at $5,000,000 in the aggregate. Optimista shall maintain separate accounting records for such seafood-related operations, and the earnout shall not include, nor be commingled with, any other business interests, operations, investments, opportunities, revenues, or activities of Optimista, its affiliates, or related parties. Additionally, as part of the transaction, Optimista shall acquire all Causes of Action possessed by the Debtor, with the sole exception of the Debtor's claims against Blue Star Foods Corp. (the "Blue Star Claim"), which Michael Banigan ("Banigan") shall separately purchase for $240,000. Upon the Effective Date, all Causes of Action acquired by Optimista against the Compromising Parties shall be deemed released pursuant to the mutual releases set forth in Article 10. As part of the Plan, all Compromising Parties shall exchange mutual releases of all claims and causes of action against one another in all capacities. As part of the Plan, all Compromising Parties shall exchange mutual releases of all claims and causes of action against one another in all capacities. The adversary proceeding filed by the Debtor against Gavin van der Burgh, Marlene Lombard, and Intertrade Direct LLC was dismissed by stipulation of the parties. In addition, the Compromising Parties shall waive all claims against the estate, including all administrative expense claims and general unsecured claims held by Banigan, Fineberg, Diamond, and their respective affiliates (aggregating approximately $13.6 million), as further consideration for the mutual releases and the transaction structure set forth herein. These compromises allow the Debtor to resolve all outstanding disputes, provide finality for all parties, and fund distributions to creditors from the sale proceeds. The execution and consummation of this Plan will be facilitated through the Plan Administrator. The Plan Administrator will be designated in the Plan Supplement to be Filed not less than ten days prior to the Confirmation Hearing. The Plan Administrator shall be authorized pursuant to the terms of this Plan to act on behalf of the Debtor to administer and make Distributions pursuant to the terms of the Plan when returns from the sale proceeds and earnout payments are received. Class 4 shall consist of all Allowed General Unsecured Claims not contained within another class, including the claim of Blu Arctic, LLC. The estimated recovery for Class 4 is their pro rata share of the recoveries of the Liquidating Debtor after the Plan Administrator has satisfied its expenses and all higher priority Classes have been paid in full. Class 4 is Impaired under the Plan and is entitled to vote to accept or reject the Plan. Class 5 shall consist of Interests in the Debtor. The estimated recovery for Interests in Class 5 is 0%. Holders of Interests in Class 5 will not retain their Interests under the Plan, and no Distributions on account of such Interests will be made. Accordingly, holders of Interests in Class 5 are conclusively presumed to have rejected the Plan, and therefore will not be entitled to vote to accept or reject the Plan. The Plan proposed by the Debtor is a liquidating plan. The Plan will be funded through the sale of substantially all of the Debtor's assets (including all Causes of Action other than the Blue Star Claim) to Optimista, and the separate sale of the Blue Star Claim to Michael Banigan. The Debtor's assets are set forth in the Schedules and SOFAS, as may be amended. In summary, the primary assets consist of inventory, intellectual property, miscellaneous office equipment, Causes of Action, and various goodwill and contractual relationships with various other businesses. The sources of funding for the Plan are: (i) the initial cash payment of $100,000; (ii) earnout payments from Purchaser Operations over the Earn Out Period, capped at $5,000,000; and (iii) the consideration of $240,000.00 for the Blue Star Claim. A full-text copy of the Disclosure Statement dated July 3, 2026 is available at https://urlcurt.com/u?l=Yj9zIH from PacerMonitor.com at no charge. Counsel for the Debtor: Vickie L. Driver, Esq. Christina W. Stephenson, Esq. DRIVER STEPHENSON, PLLC 13155 Noel Road, Ste. 900 Dallas, TX 75240 Telephone: (214) 910-9558 Email: vickie@driversteplaw.com Email: crissie@driversteplaw.com About Afritex Ventures Afritex Ventures is a diversified investment holding company specializing in the seafood industry. Headquartered in Dallas, the Company develops and markets premium seafood products under multiple brands. Afritex Ventures, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-43390) on Sept. 22, 2024, listing $1 million to $10 million in assets and $1 million to $50 million in liabilities. The petition was signed by David J. Diamond as director. Judge Edward L. Morris presides over the case. Vickie L. Driver, at CROWE & DUNLEVY, P.C., is the Debtor's counsel. GAM ZU LATOV: Hires Law Offices of Charles Wertman as Counsel ------------------------------------------------------------- Gam Zu Latov Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Law Offices of Charles Wertman P.C. as counsel. The firm will provide these services: (a) providing legal advice with respect to the Debtor's powers and duties as debtor-in-possession in accordance with the provisions of the Bankruptcy Code; (b) preparing, on behalf of the Debtor, all necessary schedules, applications, motions, answers, orders, reports, adversary proceedings and other legal documents required by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure; (c) assisting the Debtor in the development and implementation of a plan of reorganization or liquidation, including the proposed sale of the Property; and (d) performing all other legal services for the Debtor that may be necessary in connection with this Chapter 11 case and the Debtor's attempts to reorganize its affairs under the Bankruptcy Code. The firm will be paid at these rates: Attorneys $525 per hour Paraprofessionals $150 per hour Prior to the Filing Date, the firm was paid a total sum of $15,000, of which the sum of $1,738 is the filing fee required by the Court. Mr. Wertman 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: Charles Wertman, Esq. Law Offices of Charles Wertman P.C. 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Telephone: (516) 284-0900 E-mail: charles@cwertmanlaw.com About Gam Zu Latov Inc. Gam Zu Latov Inc. is a corporate entity engaged in business operations that may include commercial services, investments, or related activities. Gam Zu Latov Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42029) on April 27, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1,000,000 to $10,000,000. The Debtor is represented by Charles Wertman, Esq. of The Law Offices of Charles Wertman P.C. GATOR LANES: Seeks Chapter 11 Bankruptcy in Louisiana ----------------------------------------------------- On July 9, 2026, Gator Lanes, LLC sought Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Louisiana, New Orleans Division. According to court documents, the company has estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. The deadline to file the Chapter 11 plan and disclosure statement is November 6, 2026. About Gator Lanes, LLC Gator Lanes, LLC is a privately held bowling center and family entertainment operator headquartered in Harvey, Louisiana. The company manages a bowling venue in Fort Myers, Florida, featuring Murphy's Brewhouse, food and beverage operations, recreational bowling, and community entertainment programs. Gator Lanes, LLC filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11680) on July 9, 2026. The petition reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The debtor is represented by Patrick S. Garrity, Esq., of The Derbes Law Firm, LLC. GOLF SERVICES: Unsecureds Will Get 1.5% in Liquidating Plan ----------------------------------------------------------- Golf Services Wind Down, LLC f/k/a GBI Services, LLC filed with the U.S. Bankruptcy Court for the District of Delaware a Combined Disclosure Statement and Joint Plan of Liquidation dated July 2, 2026. Nicklaus Companies directly or indirectly owns or controls 100% of the equity in all other Debtors. Nicklaus Companies was originally formed through the acquisition of the business assets of GBI and NF Dynasty. Nicklaus Companies was founded in May 2007 when Jack W. Nicklaus transferred his golf course design, golf equipment manufacturing, licensing, marketing, and promotional businesses, including intellectual property rights, Mr. Nicklaus' name, image, and likeness, as well as various trademarks and copyrights, to Nicklaus Companies in a transaction financed by a $145 million loan from the Prepetition Junior Term Loan Lender (the "May 2007 Transaction"). The Debtors filed for chapter 11 protection on November 21, 2025, immediately following the entry of the orders denying the Company's post-trial motions in the Florida Action, to avoid, among other things, the filing of a judgment lien that would have led to enforcement on the Debtors' assets. The chapter 11 filing provided the Debtors with the protection of the automatic stay and the opportunity to pursue a value-maximizing sale or restructuring transaction for the benefit of all stakeholders, while preserving the Company's more than 30 employees and contractors and the ongoing business operations. After designation of the Stalking Horse Bidder, the Debtors received two additional bids for the Debtors' core business assets: (i) a bid from 20 Majors with a purchase price of $30,000,000, which bid was supported by Mr. Nicklaus, and (ii) a bid from the Prepetition Junior Term Loan Lender, which was supported by a credit bid by the DIP Lender. In accordance with the Bidding Procedures, the Debtors designated Iconix, 20 Majors, and the Prepetition Junior Term Loan Lender as Qualified Bidders on February 22, 2026. On February 27, 2026, 20 Majors submitted its final bid, with a purchase price of $35,700,000 in cash, $700,000 of which may be satisfied, at the Debtors' election, in whole or in part, through the assumption of certain liabilities. The bid was supported by Mr. Nicklaus and Mr. Milstein and their respective affiliates, and provided for (i) Mr. Nicklaus' agreement to waive and release all of his claims against the Debtors' Estates, asserted in an amount of approximately $57 million, and (ii) the Prepetition Junior Term Loan Lender's agreement to waive its asserted security interests and over $225 million of its asserted claims against the Debtors' Estates. After reviewing the bids and evaluating the economic and noneconomic terms thereof, the Special Committee determined that the 20 Majors bid was the highest and best offer for the Debtors' assets (the "Successful Bid"). After finalizing definitive documentation in respect of the Successful Bid, on March 4, 2026, the Debtors declared such bid the Successful Bid, closed the Auction, and Filed the Notice of Successful Bidder. On March 9, 2026, the Bankruptcy Court entered the Order (I) Approving Asset Purchase Agreement, (II) Authorizing Sale of the Transferred Assets Free and Clear of Liens, Claims, Encumbrances and Other Interests, (III) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases in Connection Therewith, and (IV) Granting Related Relief (the "WholeCo Sale Order"), which approved the Debtors' sale of the Transferred Assets (as defined in the WholeCo Asset Purchase Agreement) to 20 Majors pursuant to the WholeCo Asset Purchase Agreement (the "WholeCo Sale"). Class 3A consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim has agreed to less favorable treatment of such Claim, each Holder of an Allowed General Unsecured Claim shall receive, (i) on the Effective Date, or as soon as reasonably practicable thereafter, or on the date such Claim becomes an Allowed General Unsecured Claim or as soon thereafter as is reasonably practicable, its Pro Rata share of Residual Cash on Hand and (ii) its Pro Rata share of the Residual Reserve Amount. The allowed unsecured claims total $296,000,000. This Class will receive a distribution of 1.5% of their allowed claims. This Class is impaired. Class 3B consists of all Convenience Claims. Except to the extent that a Holder of an Allowed Convenience Claim has agreed to less favorable treatment of such Claim, each such Holder of an Allowed Convenience Claim shall receive the lesser of (x) 5% of its Allowed Convenience Claim and (y) its Pro Rata share of the Convenience Class Cash Pool. The allowed unsecured claims total $1,500,000. This Class will receive a distribution of 5% of their allowed claims. Class 3B is Impaired. The Debtors reserve the right to modify the Combined Plan and Disclosure Statement, with the express written consent of PMP Nick, either before or after the Confirmation Date, to make nonmaterial mechanical changes to provide for the establishment of a liquidating trust and such liquidating trust would hold and wind down the Post-Effective Date Debtors, should the Debtors determine, in their discretion, that a liquidating trust would more efficiently wind down the Estates. The Plan Administrator shall also have the right to establish a liquidating trust after the Effective Date with Court approval. A full-text copy of the Combined Disclosure Statement and Joint Plan of Liquidation dated July 2, 2026 is available at https://urlcurt.com/u?l=CNYMP8 from Epiq Corporate Restructuring, LLC, claims agent. Counsel to the Debtors: Michael J. Merchant, Esq. Zachary I. Shapiro, Esq. James F. McCauley, Esq. Alexander R. Steiger, Esq. RICHARDS, LAYTON & FINGER, P.A. 920 North King Street Wilmington, DE 19801 Telephone: 302-651-7700 E-mail: merchant@rlf.com shapiro@rlf.com mccauley@rlf.com steiger@rlf.com - and - David J. Cohen, Esq. WEIL, GOTSHAL & MANGES LLP 1395 Brickell Avenue, Suite 1200 Miami, FL 33131 Telephone: (305) 577-3100 Email: davidj.cohen@weil.com - and - Ronit J. Berkovich, Esq. Daphne S. Papadatos, Esq. WEIL, GOTSHAL & MANGES LLP 767 Fifth Avenue New York, NY 10153 Telephone: (212) 310-8000 Email: ronit.berkovich@weil.com daphne.papadatos@weil.com About GBI Services/Nicklaus Companies GBI Services, LLC's affiliate Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. Nicklaus operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. GBI Services and its affiliates including Nicklaus sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12089) on November 21, 2025. In its petition, GBI Services, the lead debtor, reported estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. The petitions were signed by Philip D. Cotton as chief executive officer. Honorable Bankruptcy Judge Craig T. Goldblatt handles the cases. The Debtors are represented by the law firms of Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP. Alvarez & Marsal North America, LLC serves as financial and restructuring advisor while Cassel Salpeter & Co serves as investment banker. Epiq Corporate Restructuring, LLC is the claims and noticing agent. GWG HOLDINGS: LRF, et al., Win Bid to Enforce Confirmation Order ---------------------------------------------------------------- Chief Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the Southern District of Texas granted the motions of Life Recovery Fund, LLC ("LRF") and Vida Insurance Credit Opportunity Fund III GP, LLC to enforce the confirmation order of the reorganization plan in the bankruptcy proceeding of GWG Holdings, Inc. and its affiliated debtors against the Estate of Lumina Alabastro, acting through its Personal Representative, Daphne Alabastro Benitez, ("Alabastro Estate"), and against all other persons. On June 23, 2025, the Alabastro Estate commenced a lawsuit styled Estate of Lumina Alabastro v. Wells Fargo Bank, N.A., alleging it is entitled to the death benefit proceeds of a life insurance policy bearing policy number 155231755 (the "Policy") issued by AXA Equitable Life Insurance Company ("AXA") on the life of Ms. Alabastro under 18 Del. C. Sec. 2704(b), which was removed to the United States District Court for the District of Delaware on July 30, 2025 (the "Delaware Action"). On May 28, 2008, Ms. Alabastro entered into a Purchase and Sale Agreement with the Debtor, GWG Life Settlements, LLC ("GWG Life"). Pursuant to the Purchase and Sale Agreement, Ms. Alabastro sold the Policy to the Debtor for $387,493.06, less an outstanding loan amount of $311,347.67. In the Purchase and Sale Agreement, Ms. Alabastro made extensive representations and warranties to the Debtor, including that the Policy was in full force and effect, that all insurance premiums owed to AXA had been paid in full, that the Policy was fully enforceable against AXA in all respects, that the original owner of the Policy had a valid and legally cognizable insurable interest in the life of the insured at the time of the issuance of the Policy, that Ms. Alabastro owned good, valid, and marketable title to the Policy free and clear of any and all encumbrances, that after the transfer no person claiming through Ms. Alabastro would have any interest in the Policy or its proceeds, and that Ms. Alabastro agreed to defend Debtor's title to the Policy forever against every person, entity, or governmental authority claiming an interest in or rights to the Policy by or through Ms. Alabastro. Following the sale, the nominal owner and beneficiary of the Policy was changed to Wells Fargo, which held title to the Policy as a securities intermediary under the Uniform Commercial Code. The Motions LRF's Motion to Enforce seeks injunctive relief against the Alabastro Estate and all other persons from asserting, pursuing, or prosecuting any claims against LRF related to the Policy, and any other party that the Alabastro Estate alleges received some or all of the Policy's proceeds, including under 18 Del. C. Sec. 2704, in any forum, including in the Delaware Action. LRF asserts that the Policy, a property of the Debtors' estates, was transferred to the Wind Down Trust by the Debtors on the effective date of the Plan free and clear of all "Liens, Claims, Interests, encumbrances, etc.," which necessarily includes the Alabastro Estate's section 2704(b) claim. Through its Joinder, Wells Fargo joins LRF's Motion to Enforce and its request for relief in full for the reasons stated in the Motion to Enforce. VICOF III's Motion to Enforce seeks an order directing the Alabastro Estate to immediately dismiss with prejudice all claims against VICOF III in the Delaware Action. VICOF III asserts that the Delaware Action seeks to recover proceeds of the Policy that was transferred to LRF free and clear of all claims under the Plan, and challenges the exit financing approved by this Court by seeking amounts received and distributed by VICOF III, as administrative agent, to repay the exit loan in accordance with the distribution waterfall approved by the Court. The Alabastro Estate asserts that under Delaware law, it is illegal to wager on human life through life insurance for the benefit of those who have no relationship to the insured. The Alabastro Estate alleges that policies, commonly known as "stranger originated life insurance," or STOLI, lack an insurable interest and are thus an illegal wager on human life, that such wagers violate the Delaware Constitution and public policy, are void ab initio, and can never be enforced. The Court finds having failed to file a timely proof of claim or an objection to confirmation, the Alabastro Estate's contingent prepetition claim and any interest in the Policy were extinguished through the free-and-clear transfers effectuated pursuant to the Plan, released under Article VIII.A of the Plan, and barred by the Plan's permanent injunction. Thus, the Court concludes Ms. Alabastro and the Alabastro Estate are permanently enjoined from asserting their contingent prepetition claims and interests, including the claims brought in the Delaware Action, as they were extinguished by the Plan and Confirmation Order. According to the Court, the Alabastro Estate's attempt to relitigate whether the Policy was void ab initio under Delaware law -- and thus whether it was ever estate property --constitutes an impermissible collateral attack on the Confirmation Order's final determination. A copy of the Court's Memorandum Opinion dated July 9, 2026, is available at https://urlcurt.com/u?l=BhskVa from Pacermonitor.com. About GWG Holdings Headquartered in Dallas Texas, GWG Holdings, Inc. (NASDAQ: GWGH) conducts its life insurance secondary market business through a wholly owned subsidiary, GWG Life, LLC, and GWG Life's wholly owned subsidiaries. GWG Holdings Inc. and affiliates sought Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 22-90032) on April 20, 2022. In the petition filed by Murray Holland, president and chief executive officer, GWG Holdings disclosed between $1 billion and $10 billion in both assets and liabilities. Judge Marvin Isgur oversees the cases. The Debtors tapped Mayer Brown, LLP and Jackson Walker, LLP, as bankruptcy counsels; Tran Singh, LLP as special conflicts counsel; FTI Consulting, Inc. as financial advisor; and PJT Partners, LP, as investment banker. Donlin Recano & Company is the Debtors' notice and claims agent. National Founders LP, a DIP lender, is represented by Michael Fishel, Esq., Matthew A. Clemente, Esq., and William E. Curtin, Esq., at Sidley Austin, LLP. The U.S. Trustee for Region 7 appointed an official committee to represent bondholders in the Debtors' cases. The committee tapped Akin Gump Strauss Hauer & Feld, LLP and Porter Hedges, LLP, as legal counsels; Piper Sandler & Co. as investment banker; and AlixPartners, LLP as financial advisor. The Debtors obtained confirmation of their Further Modified Second Amended Joint Chapter 11 Plan on June 20, 2023. HILLMAN SOLUTIONS: S&P Rates New $735MM First-Lien Term Loan 'BB+' ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' issue-level rating and '2' recovery rating to Hillman Solutions Corp.'s proposed $735 million, seven-year first-lien term loan. The '2' recovery rating indicates its expectation of substantial (70%-90%; rounded estimate: 75%) recovery in the event of default. The company intends to use the proceeds from this issuance to repay $635 million of existing term loan borrowings and $83 million of asset-based revolver borrowings, cover transaction costs, and bolster cash on hand. Hillman is also seeking to issue a new $375 million, five-year asset-based lending (ABL) revolver to refinance its existing facility due in 2027. S&P views these transactions as credit positive because they improve Hillman's debt maturity profile and are leverage neutral. S&P said, "We estimate S&P Global adjusted-pro forma leverage will remain at about 2.8x. We will withdraw our ratings on the company's existing term loan once it is repaid in full." Hillman reported 3% net sales growth for the first quarter of fiscal 2026, driven by new business and price increases that compensated for higher tariff costs. This was partly offset by lower core business volumes. While S&P expects a weak housing market will continue to constrain remodeling activity over the near term, it projects Hillman will expand net sales over 6% in 2026 driven by its prior-year price increases, home repair and maintenance demand, new business wins, the roll out of new Minute Key 3.5 machines, and contributions from acquisitions. Hillman recently closed on the purchase of Campbell Chain & Fittings, which expands its industrial business, and Delaney Hardware, which expands its distribution with contractors. S&P said, "We expect its profitability will be modestly pressured in 2026 as higher cost inventory due to U.S. import tariffs flows through its income statement. Therefore, we estimate Hillman's S&P Global Ratings-adjusted leverage will remain at about 2.8x through the end of fiscal 2026." Issue Ratings--Recovery Analysis Key analytical factors Hillman's proposed debt capital structure comprises: -- A $375 million ABL facility due in 2031 (not rated), and -- A $735 billion first-lien term loan facility due in 2033. The Hillman Group will be the borrower of the ABL and first-lien term loan credit facilities. The facilities will be guaranteed by all existing and future wholly owned subsidiaries of the borrower, with certain exceptions. The ABL has perfected first-priority liens on cash, accounts receivable, inventory, and general intangibles and a second-priority lien on term loan collateral. The first-lien term loan facility has a perfected first-priority security interest in substantially all assets of the borrower and the guarantors and a second-priority lien on ABL collateral. Simulated default assumptions -- Hillman is a U.S.-based company with substantially all of its assets and operations in the U.S. In the event of a payment default, S&P believes bankruptcy protection would be filed in the U.S. under the administration of the U.S. Bankruptcy Court system. Entities abroad, if any, would remain out of insolvency proceedings with respect to U.S. jurisdiction. -- S&P's simulated default scenario contemplates a payment default in 2031 due to the loss of a major customer, which leads to cash flow and liquidity distress. -- S&P believes creditors would maximize their recovery in a payment default scenario if the company reorganized instead of liquidated, given its field sales and service team expertise, scale, and leading market positions in its product categories. Therefore, in evaluating the recovery prospects for creditors, it values the company as a going concern and arrive at our bankruptcy emergence. -- S&P estimates a bankruptcy emergence gross enterprise value of about $820 million based on a 5.5x EBITDA multiple of its $149 million estimated EBITDA at emergence from bankruptcy. Simplified waterfall -- Net recovery value for waterfall after administrative expenses (5%): $780 million -- Obligor/nonobligor valuation split: 90%/10% -- Estimated priority claims: $230 million -- Value available to secured first-lien debt: $550 million -- First-lien secured debt claims: $722 million --Recovery range for senior secured debt: 70%-90% (rounded estimate: 75%) Note: All debt amounts include six months of prepetition interest. HIS WAY SIGN: Brian Anderson Named Subchapter V Trustee ------------------------------------------------------- John Paul Cournoyer, the U.S. Bankruptcy Administrator for the Middle District of Carolina, appointed Brian Anderson as Subchapter V trustee for His Way Sign Service and Install, LLC. Mr. Anderson will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Anderson declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian R. Anderson 230 N. Elm Street, Ste 1200 Greensboro, NC 27401 336-378-5205 About His Way Sign Service and Install LLC His Way Sign Service and Install, LLC is a High Point, North Carolina-based sign manufacturing and installation services provider. The company offers sign design, installation, and parking lot lighting maintenance services. His Way Sign Service and Install, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10526) on July 2, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Benjamin A. Kahn handles the case. The Debtor is represented by Samantha K. Brumbaugh, Esq. of Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP. HUTCO CORPORATION: Seeks Subchapter V Bankruptcy in California -------------------------------------------------------------- On July 10, 2026, Hutco Corporation commenced a Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Eastern District of California. Court records indicate the company has $100,000 to $500,000 in estimated debt and between 1 and 49 creditors. About Hutco Corporation Hutco Corporation is a diversified support services company headquartered in Anderson, California. Its operations include private security services through Delta Hawk Protective Agency, non-emergency medical transportation through Designated Driver Service, and licensed firearms pawnbroker businesses serving Northern California. Hutco Corporation filed for protection under Subchapter V of Chapter 11 of the Bankruptcy Code (Case No. 26-23949) on July 10, 2026. Bankruptcy schedules list assets ranging from $100,000 to $500,000 and liabilities ranging from $100,000 to $500,000. The case is assigned to Honorable Christopher M. Klein. The Debtor is represented by Stephan M. Brown, Esq., of The Bankruptcy Group, P.C. IWC JACKSONVILLE: 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 IWC Jacksonville, 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 IWC Jacksonville LLC IWC Jacksonville, LLC is a Jacksonville, Florida-based full-service restaurant operator. The company operates the Island Wings Company Grill & Bar location in Southside Jacksonville, which remained open through June 2026 while continuing to host community events. Historically, the company served as an area developer for the Island Wings brand, expanding to multiple Northeast Florida locations between 2022 and 2025 before experiencing recent closures and management changes. IWC Jacksonville sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03002) on July 2, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Jason A. Burgess handles the case. The Debtor is represented by Richard R. Thames, Esq., at Thames Markey. J. MULBERRY LLC: Seeks Chapter 11 Bankruptcy w/ $2MM Unsecured Debt ------------------------------------------------------------------- On July 7, 2026, J. Mulberry, LLC commenced a Chapter 11 Small Business case in the U.S. Bankruptcy Court for the Southern District of Georgia. Court records indicate the company has estimated liabilities ranging from $1 million to $10 million and between 1 and 49 creditors. The bankruptcy court has scheduled the Section 341(a) Meeting of Creditors for August 11, 2026, at 2:00 p.m. The hearing will be conducted via the U.S. Trustee's toll-free conference line at 888-330-1716 with Access Code 6397709. The bankruptcy court has set November 4, 2026, as the deadline for filing the Chapter 11 plan and disclosure statement. About J. Mulberry, LLC J. Mulberry, LLC is a Georgia-based real estate company engaged in the ownership and management of a single commercial real estate asset in Savannah. Organized in 2021, the company operates as a single-asset real estate entity with its principal property located on West Mulberry Boulevard. The company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40674) on July 7, 2026. Its bankruptcy schedules list estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The case is assigned to Honorable Bankruptcy Judge Edward J. Coleman III. JJTA10 REAL: Seeks Chapter 11 Bankruptcy in Florida --------------------------------------------------- On July 11, 2026, JJTA10 Real Properties LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the debtor reports between $1 million and $10 million in liabilities owed to 1-49 creditors. The deadline to submit the Chapter 11 Plan and accompanying Disclosure Statement is November 9, 2026. About JJTA10 Real Properties LLC JJTA10 Real Properties LLC is a Jacksonville, Florida-based commercial real estate company that owns and leases nonresidential properties. The company manages commercial real estate assets and entered Chapter 11 while seeking to restructure its financial obligations amid a scheduled foreclosure sale. It has also faced delinquent utility payments and ongoing federal wage litigation. Historically, the company participated in a large-scale real estate portfolio expansion between 2019 and 2023. JJTA10 Real Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03109) on July 11, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Chief Judge Jacob A. Brown is overseeing the case. The debtor is represented by Richard A. Perry, Esq. of Richard A. Perry, P.A. JMAY REALTY: Plan Exclusivity Period Extended to July 30 -------------------------------------------------------- Judge Alfredo R. Perez of the U.S. Bankruptcy Court for the Southern District of Texas extended JMAY Realty Investment Co.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 30 and Sept. 30, 2026, respectively. In a court filing, the Debtor explains that it has made good-faith progress toward formulation of a plan and requires additional time to complete its financial analysis and finalize a feasible plan of reorganization. The issues presented in this case, including evaluation of income from multiple properties and the potential need for asset sales, necessitate additional time to ensure that any proposed plan is feasible. The Debtor claims that the requested 30-day extension is modest and necessary. Granting the extension will promote an efficient and orderly reorganization process by allowing the Debtor to propose a single, well-developed plan rather than multiple or premature plans, thereby conserving estate resources. The Debtor asserts that the requested extension will not prejudice creditors. The Debtor's mortgage holders are continuing to receive adequate protection payments. Moreover, a brief extension will increase the likelihood the creditors are presented with a feasible and confirmable plan, thereby minimizing delay and administrative expense associated with multiple or unsuccessful plans. JMAY Realty Investment Co. is represented by: Broocks M. Wilson, Esq. WILSON FRIERY PLLC 708 Main Street 10th Floor Houston TX 77002 Tel: (281) 938-0896 E-mail: mack@wilsonfriery.com About JMAY Realty Investment Co. JMAY Realty Investment Co. holds and rents out real estate assets to tenants as part of its property investment operations. JMAY Realty Investment filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80135) on March 2, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The petition was signed by Rejone Edwards as president. Judge Alfredo R Perez presides over the case. Broocks Wilson, at Wilson Friery PLLC, is serving as the Debtor's counsel. KDC AGRIBUSINESS: Trustee Loses Bid to Remand Foley & Lardner Case ------------------------------------------------------------------ Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware will deny the motion of George L. Miller, chapter 7 trustee of KDC Agribusiness, LLC, to abstain and remand the adversary proceeding captioned as GEORGE L. MILLER, not individually, but as Chapter 7 Trustee of KDC Agribusiness, LLC, et al., Plaintiff, v. FOLEY & LARDNER, LLP, Defendant, Adv. Proc. No. 26-50207 (CTG) (Bankr. D. Del.) to the Delaware Superior Court. Debtor KDC Agribusiness was an agricultural infrastructure company. Its business was focused on taking grocery products that would otherwise go to waste and recycling them into animal feed. The law firm Foley & Lardner was the debtors' long-term outside counsel. A dispute over the debtors' right to use intellectual property that was at the core of its business ultimately led to KDC's bankruptcy, and in the end the Delaware Court of Chancery found that KDC lacked the right to use it. The debtors' bankruptcy cases converted to chapter 7. The trustee thereafter brought a legal malpractice action against Foley & Lardner, which had represented KDC both before and during its chapter 11 case, in the Delaware Superior Court. Foley & Lardner removed that action to the Bankruptcy Court. The trustee argues that this claim is subject to mandatory abstention under 28 U.S.C. Sec. 1334(c)(2) and that the Bankruptcy Court must therefore abstain from hearing it. If the case is subject to mandatory abstention, the parties agree that it would then need to be remanded back to the Superior Court. The trustee further argues that even if mandatory abstention does not apply, the Court should nevertheless remand the case for equitable reasons under 28 U.S.C. Sec. 1452(b). The Bankruptcy Court finds the case is not subject to mandatory abstention under Sec. 1334(c). Under the rationale of Katchen v. Landy and Billing v. Raving, Greenberg & Zackin, the trustee's objection to Foley & Lardner's fees, an objection that raises the same malpractice claim asserted in this case, transforms what would otherwise be a non-core state-law action into a core matter. And core matters are not subject to mandatory abstention. The Court concludes that principles of judicial economy counsel strongly against equitable remand under Sec. 1452(b). A copy of the Court's Memorandum Opinion dated July 9, 2026, is available at https://urlcurt.com/u?l=g5SWEh from Pacermonitor.com. About KDC Agribusiness KDC Agribusiness, LLC, was a food waste recycler company in Bedminster, N.J. KDC and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10786) on June 16, 2023. In the petition signed by David Buffa, general counsel and corporate secretary, KDC disclosed $100 million to $500 million in both assets and liabilities. Judge Craig T. Goldblatt oversaw the case. The Debtors tapped John H. Knight, Esq., at Richards, Layton and Finger, P.A. as bankruptcy counsel; Foley & Lardner, LLP and Okin Hollander, LLC as special counsels; AlixPartners, LLP as financial restructuring advisor; and Jefferies, LLC as investment banker. Kurtzman Carson Consultants, LLC, was the Debtor's claims agent and administrative advisor. In November 2023, the bankruptcy court converted the case to Chapter 7. KENTLAND FEDERAL: Enters FDIC Receivership ------------------------------------------ Ciaran Ryan of TU News reports that federal banking regulators have placed Kentland Federal Savings and Loan Association into receivership after determining the institution was no longer financially viable. The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver, citing unsafe and unsound practices that resulted in substantial losses and the erosion of the bank's assets and earnings. According to the OCC, the bank's ongoing losses left it critically undercapitalized, with little chance of restoring its capital position. Those conditions formed the legal basis for the receivership. The FDIC will oversee the resolution of the failed institution and is expected to announce additional information about the process. The action highlights regulators' heightened oversight of smaller financial institutions facing capital challenges. It also coincides with the start of the U.S. banking earnings season, when major lenders are expected to provide insight into credit quality, economic conditions, and the outlook for the broader financial industry, the report states. About Kentland Federal Savings and Loan Association Kentland Federal Savings and Loan Association was an Indiana-based community financial institution that operated as a federally chartered savings and loan association. Headquartered in Kentland, the bank offered a range of retail banking services, including deposit accounts, mortgage lending, and consumer financing. The institution served as a local banking provider until it was placed into FDIC receivership following regulatory findings regarding its financial condition. Kentland Federal Savings and Loan Association entered FDIC receivership after the Office of the Comptroller of the Currency concluded that the bank's financial condition had deteriorated beyond recovery. Regulators cited unsafe and unsound operations, significant losses that eroded capital, and the institution's critically undercapitalized status. The FDIC was appointed receiver and assumed responsibility for resolving the bank's assets and liabilities while protecting insured depositors in accordance with federal banking laws. KLE EQUIPMENT: Says Modified Plan Addresses Concerns ---------------------------------------------------- KLE Equipment Leasing LLC and affiliates submitted a Disclosure Statement describing Modified Joint Plan of Reorganization dated July 3, 2026. The modifications address negotiations between the Debtors and their creditors since June 30, 2026, as well as some miscellaneous corrections. The two primary creditors affected are Daimler and Huntington. Class 5 consists of Allowed Claims of Daimler. Because the Debtors and Daimler have agreed on Plan terms for payment, the loans and unexpired leases shall retain their denominated status of either a secured loan or an expired lease as provided in the Prepetition Documents. Satisfaction of Allowed Secured Claims. Daimler's Allowed Secured Claims as of the Petition Date are being satisfied as follows: * Adequate Protection Payments. The receipt of adequate protection payments after the Petition Date and before the Effective Date as allocated in Section 4.5(e)(ii) will be applied to the Allowed Secured Claim. * Monthly Installments. After applying adequate protection payments received, the balance of the Allowed Secured Claim with interest at 8.75% per annum will be paid in equal monthly installments as provided on Addendum 4.5 for the number of months specified in the row entitled, "Total Number of Monthly Installments/Lease Payments." * Assumption of Daimler Unexpired Leases. The Debtors' leases with Daimler are assumed as modified by the terms specified in the Plan, including the following: -- Adequate Protection Payments. The receipt of adequate protection payments after the Petition Date and before the Effective Date as allocated in Section 4.5(e)(ii) will be applied to the Monthly Lease Payments stated on Addendum 4.5 on a dollar-for-dollar basis. The result is a reduction of the number of Monthly Lease Payments. There is no effect on the amount of Monthly Lease Payments. -- Monthly Lease Payments. The number of Monthly Lease payments will be paid in the amounts stated on Addendum 4.5 for the number of months specified in the row entitled, "Total Number of Monthly Installments/Lease Payments," but will be reduced by adequate protection payments. The Debtors owe Daimler approximately $373,908.40 in adequate protection payments as of June 18, 2026, that were due but unpaid. The Debtors shall pay the unpaid adequate protection payments at the rate of $30,000.00 per month commencing on September 15, 2026, until the amount owed is paid in full. Daimler is deemed to have Allowed Unsecured Claims against ECI, KLE Equipment and Olson Equipment in the total amount of $2,082,470.91 that will be included in Class 26 but will receive no distribution on account of its Allowed Unsecured Claim. The Debtors shall make all installments and lease payments with no more than one payment per Debtor for all adequate protection amounts owed, and one payment per Debtor for all other amounts owed under the Plan. Class 13 consists of Allowed Claims of Huntington Bank. Huntington Bank's Allowed Claim (which by definition is as of the Petition Date) against KLE Equipment is deemed to be $225,122.63, which is determined and satisfied as stated as follows: * "Lease" Claim Amount Against KLE Equipment. On its "lease" with KLE Equipment, as reflected by claim no. 4, the Allowed Claim is (1) the original amount paid for the equipment plus (2) the accrued imputed interest used by Huntington Bank to determine the payments through the Petition Date plus (3) any amount that must be paid by the Debtors to exercise an option to purchase the equipment at the end of the lease minus (4) payments made before the Petition Date. The Allowed Claim arising from its "lease" with KLE Equipment is deemed to be $148,218.38, of which $107,704.00 is deemed to be an Allowed Secured Claim and $40,514.38 is deemed to be an Allowed Unsecured Claim. * Secured Loan Claim Amount Against KLE Equipment. On its Claim arising from loans against KLE Equipment, as reflected in claim no. 5, Huntington Bank's Allowed Claim is deemed to be $33,998.56, of which of which $32,459.00 is deemed to be an Allowed Secured Claim and $1,539.56 is deemed to be an Allowed Unsecured Claim. * Guaranty Claim Against KLE Equipment. On its Guaranty Claim against KLE Equipment, as reflected in claim no. 6, the Allowed Guaranty Claim is deemed to be $42,905.69. Huntington Bank's Allowed Unsecured Claim against KLE Equipment of $42,053.94 will be included in Class 26 for Allowed Unsecured Claims. It will be paid in 120 equal monthly installments with adjustable interest as specified in Section 4.26. If the deemed Allowed Unsecured Claim amounts are used, the resulting monthly installment will be $415.85. The funds necessary to fund payments on or shortly after the Effective Date will be from the regular business income of the Debtors, the Reorganized Debtors or the Insider-Funded Pool. Funding for the Plan depends on the business operations of the Debtors and of International. The Bankruptcy Court for the Eastern District of Wisconsin has set a hearing to consider confirmation of the Plan on September 16, 2026 at 10:00 a.m. The Court has directed that (i) Ballots be returned to Counsel for the Debtors on or before August 14, 2026 and (ii) objections, if any, to confirmation of the Plan be served and filed with the Court on or before August 17, 2026. A full-text copy of the Modified Joint Plan dated July 3, 2026 is available at https://urlcurt.com/u?l=t1rRNU from PacerMonitor.com at no charge. Attorneys for the Debtors: Jerome R. Kerkman, Esq. Nicholas W. Kerkman, Esq. Kerkman & Dunn 839 N. Jefferson St., Suite 400 Milwaukee, WI 53202-3722 Tel: (414) 277-8200 Fax: (414) 277-0100 Email: jkerkman@kerkmandunn.com About KLE Equipment Leasing KLE Equipment Leasing, LLC, is a Wisconsin-based equipment leasing company headquartered in Neenah. KLE Equipment Leasing sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-22922) on May 21, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge G. Michael Halfenger handles the case. The Debtor is represented by Nicholas Kerkman and Jerome R. Kerkman, at Kerkman & Dunn. KOMAX LLC: Office Equipment Biz Sale to Laurel Hills Holding OK'd ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of West Virginia, Charleston Division, has granted Komax LLC, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. Komax, which was founded in 1999, offers a comprehensive portfolio of office equipment and solutions to its customers, which includes the sale, lease and servicing of copiers, printers, scanners and mailing systems, among other products, in addition to a suite of telephone, document management, cloud storage, and related systems. The Debtor serves the geographic regions of Southern West Virginia, Eastern Kentucky, Southern Ohio and Western Virginia, backed by its long-tenured staff of sales representatives, support personnel and technicians. The Court has authorized the Debtor to sell the Property to Laurel Hills Holding Company, LLC, an affiliate of Ford Business Machines, Inc. d/b/a Ford Office Technologies, as the successful bidder on the sale assets. The aggregate consideration to be paid by the Stalking Horse for the purchase of the Sale Assets shall be: (i) a credit bid in the amounts owed pursuant to the Term Loan Documents and the DIP Loan pursuant to Section 363(k) of the Bankruptcy Code, (ii) an amount in cash equal to $2,500,000.00 less the Credit Bid, and (iii) payment in full of the Cure Costs. The Cure Costs shall be transferred by wire to counsel for the Debtor. The Stalking Horse has acted and will be acting in good faith pursuant to section 363(m) of the Bankruptcy Code in closing the transaction. The Sale Notice provided all interested parties with timely, sufficient and proper notice of the Sale, the Sale Hearing and the Auction. The Customer Agreement Cure Notice provided the Stalking Horse and the Debtor's customers with proper and sufficient notice of the potential assumption and assignment of the Assumed Contracts. The Stalking Horse is not an "insider" of the Debtor. The Stalking Horse is purchasing the Sale Assets in good faith and is a good faith buyer within the meaning of section 363(m) of the Bankruptcy Code. The Debtor conducted the bid and auction process in accordance with the provisions of the Bidding Procedures Order and the Debtor has otherwise complied with the Bidding Procedures Order in all material respects. About Komax LLC Komax, LLC is an office equipment sales, leasing, and servicing business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Va. Case No. 2:26-bk-20106) on May 4, 2026. In the petition signed by Robert B. Maxwell, Jr., sole member and manager, the Debtor disclosed up to $10 million in both assets and liabilities. Brandy M. Rapp, Esq., at Whiteford, Taylor & Preston LLP, represents the Debtor as legal counsel. LEEWARD RENEWABLE: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable ------------------------------------------------------------------- Fitch Ratings has affirmed Leeward Renewable Energy Operations, LLC's (LREO) Long-Term Issuer Default Rating (IDR) at 'BB-'. Fitch also affirmed LREO's senior unsecured rating at 'BB-' with a Recovery Rating of 'RR4'. The Rating Outlook is Stable. LREO's rating reflects long-term contracted cash flows from a diverse portfolio of U.S. wind and solar projects. Fitch calculates LREO's credit metrics on a deconsolidated basis, as non-recourse project debt and tax equity fund its assets. Funds from operations (FFO) leverage rose to 7.0x in 2025 on weaker-than-forecast portfolio distributions of $92.4 million and high revolver balance at Dec. 31, 2025. Fitch expects FFO leverage to improve to 3.9x in 2026 and remain below 3.5x over 2027-2030 as contributed projects lift distributions. Key Rating Drivers Long-Term Contracted Portfolio: As of June 30, 2026, LREO owned and operated a long-term contracted portfolio of 31 wind and solar projects totaling 3,952 megawatts (MW) gross capacity. LREO projects are located across 13 states, predominantly in the Midwest, West and Texas markets. LREO's portfolio was roughly 91% contracted, with long-term power purchase agreements. LREO cash flows are largely contracted with investment-grade offtakers, with a weighted average rating of 'A-'. The weighted average remaining contract life is around 11.8 years, up from the prior year due to project contributions in 2025 and is expected to be supported by future project contributions in the near term. Projects under development expected to be contributed to LREO during 2026-2029 have a weighted average contract life of 19.1 years. This will further support and improve the portfolio's average remaining contract life. Improving Portfolio Diversification: Since last review, the company's development entity contributed three solar, two BESS and one wind facilities totaling 878 MW, decreasing LREO's portfolio concentration in wind. As of June 30, 2026, wind assets provided 57% of gross capacity and solar provided 37%, with BESS at 6%. LREO's portfolio has historically been nearly 100% concentrated in wind, which exposed LREO to higher resource variability as wind resources are more volatile than solar. Geographic diversification reduces the risk of weak wind resources in any one region. LREO's project distributions are less diversified than industry peers, with the top five contributing about 59% of distributions in 2025. Fitch expects some improvement in distribution diversification in the long term. Leverage Metrics Expected to Improve: 2025 FFO leverage was 7.0x, above its negative rating sensitivity, due to portfolio distributions of $92.4 million, below the $113.2 million forecast. The revolving credit facility balance was $200 million on Dec. 31, 2025, due to the timing of project finance proceeds. In 2025, 12 projects were contributed to LREO, six from January through April 2025 and five in Nov 2025, the Sierra Pinta BESS project was contributed to LREO in March 2026. Fitch expects FFO leverage to improve to 3.9x in 2026, driven by a full year of project contributions. FFO leverage is expected to decline to below 3.5x in 2027-2030, with new project contributions providing additional portfolio distributions. Robust Development Pipeline: Since 2024, Leeward has taken steps to preserve tax credit eligibility for its development pipeline through 2030. This included a 5% investment in solar modules and physical onsite and offsite work. Leeward Development has an 18 gigawatts (GW) pipeline concentrated in solar, BESS and Solar+BESS projects, comprising about 91% of projects in the queue. Sixteen projects totaling around 2,877 MW across six states are expected to reach commercial operation dates between 2026 and 2028. Leeward Development is separate from LREO, which holds operating assets, limiting most construction risks at LREO. Clear Financial Policy: Management targets corporate debt to cash flow available for debt service (CFADS) of 3.5x - 4.0x. This tracks closely with Fitch's holdco-only FFO leverage metric. Management reviews debt/CFADS monthly and the board reviews it quarterly. Once LREO meets its financial covenants and credit metric targets, it upstreams all excess cash to its parent, Leeward Renewable Energy, LLC (LRE), to fund development at Leeward Renewable Energy Development, LLC (LRED). Parent Subsidiary Linkage: Fitch rates LREO on a standalone basis. Consistent with Fitch's approach, it views OMERS Administration Corporation (AAA/Stable) as financial investors and does not apply the Parent-Subsidiary Linkage. OMERS is one of the largest Canadian pension funds, which acquired Leeward in 2018. LREO has its own credit facilities and does not depend on Leeward and affiliates for liquidity. There is no explicit rating linkage, but Fitch views LREO's relationship with OMERS as supportive of its credit quality. Peer Analysis LREO is slightly weaker than peers due to its smaller size and somewhat lower portfolio diversification. Asset diversification is improving as additional assets are contributed to LREO, decreasing wind project concentration. As of June 30, 2026, LREO's generation capacity was about 4.1 GW, similar to Terraform Power Operating LLC. (TERPO; BB-/Stable), and below XPLR Infrastructure, LP (BB+/Stable) and Pattern Energy Operations LP's (PEO; BB-/Stable). LREO has historically had a higher concentration in wind assets but has recently focused on diversification into solar and BESS. Its portfolio now has 37% contribution from Solar, 57% wind and the remaining BESS. PEO has a high concentration in wind with 95%. TERP's portfolio consists of 62% solar and 38% wind projects, and XPLR's portfolio consists of 13% solar, 86% wind and 1% other. LREO's long-term contracted fleet has an average remaining contract life of around 11 years, higher than TERPO, the same as PEO's at around 11 years and lower than XPLR's at around 18 years. Fitch projects LREO's credit metrics to be stronger than PEO, XPLR, and TERPO beyond 2026. Fitch forecasts LREO's Holdco-only FFO leverage to be 3.9x in 2026 and average below 3.5x between 2027 and 2029, compared with low 4.0x in 2025 for PEO, around 4.9x for XPLR, and mid-5.0x range for TERPO. Fitch’s Key Rating-Case Assumptions - Leeward Development contributes 2.9 GW of assets by 2028, with all projects back-levered by non-recourse project debt and tax equity, with no expected cash outlay by LREO; - LREO upstreams all remaining cash after Holdco debt service to Leeward; - Project companies allocate all overhead and selling, general and administrative (SG&A) expenses at the project level, so project distributions occur after these allocations and the rated entity carries no such costs; - LREO issues no additional debt at the Holdco level over the forecast period, and maintains an average outstanding revolver of $100 million; - The forecast uses P50 as the base case. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): Business and financial profile factors (assessment, relative importance): management ('bbb', Lower), sector characteristics ('bbb-', Lower), market and competitive positioning ('bb', Lower), diversification and asset quality ('b', Higher), company operational characteristics ('bb', Moderate), profitability ('bb+', Moderate), financial structure ('bb', Higher), and financial flexibility ('bb', Moderate). The quantitative financial subfactors are based on custom CRT financial period parameters: Assessments of the quantitative financial subfactors also include bespoke calculations. The governance assessment of 'good' has no impact. The operating environment assessment of 'aa-' has no impact. The SCP is 'bb-'. To derive the Long-Term IDR: Fitch made no adjustments to the SCP, resulting in an IDR of 'BB-'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Holding company FFO leverage ratio exceeding 4.5x on a sustained basis; - Underperformance in the underlying assets that lends material variability or shortfall to expected project distributions on a sustained basis; - Change or deviation from the stated financial policies. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Holding company FFO leverage below 3.5x on a sustained basis; - A record of adhering to financial policies under OMERS's ownership; - Improved diversification by generation sources and project's distribution. Liquidity and Debt Structure Fitch views LREO's liquidity position as adequate with around $53.1 million readily available cash at consolidated level as of March 31, 2026. In July 2025 the company amended its revolving credit facility (RCF) and now has a $300 million RCF that consists of a $200 million cash sublimit and $150 million letter of credit facility and matures in May 2028. LREO also has a $450 million letter of credit facility (EDC Facility), which has a guarantee from Export Development Canada that is renewed annually. As of March 31, 2026, LREO had $85.0 million in cash borrowings under its RCF, and there were no drawings on the letters of credit. There were no amounts drawn under the EDC Facility. Debt maturities are manageable as there are no material maturities until 2029 when its $375 million unsecured notes are due. Issuer Profile LREO is a renewable energy company and owns a portfolio of renewable energy facilities across 13 states in U.S., with around 4.0 GW of installed capacity as of June 30, 2026. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for Leeward Renewable Energy Operations, LLC. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Leeward Renewable Energy Operations, LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- LEFKO LLC: Unsecureds Will Get 100% of Claims over 60 Months ------------------------------------------------------------ Lefko, LLC d/b/a Salute Market, filed with the U.S. Bankruptcy Court for the Southern District of Florida a Combined Disclosure Statement and Plan of Reorganization dated July 2, 2026. The Debtor is a Florida limited liability company operating a single-location full service upscale restaurant and wine bar. The business features globally-inspired cuisine, a curated wine selection, craft cocktails, a marketplace, and a full-service catering business, operating under the trade name "Salute Market" at the Leased Premises, under a retail Lease with its Landlord since its founding in 2015 by Michelle and Rob, wife and husband, who are the managing members and 50% owners each of Debtor. To sustain operations through the pandemic and fund working capital needs, Debtor obtained financing from multiple sources: (i) self-financing by Debtor's principals, (ii) an SBA Loan of $485,000 for a COVID-19 Economic Injury Disaster Loan (EIDL) secured by all of Debtor's nonliquor license assets; (iii) EA, for an approximately $200,000 secured by Debtor's liquor license; (iv) high-cost disputed and usurious advances from Fora ($63,094.59) and IOU ($185,364.20); (v) JP Morgan Chase credit card debt ($107,113.70), (vi) a PayPal Business Loan ($97,412.96), and (vii) vendor payables. Cumulatively, and faced with mounting debts, lease arrears, and the need to restructure operations, Debtor determined that reorganization under Subchapter V of Chapter 11 was the best path to preserve value for creditors, resolve disputed claims, and transition to a sustainable business model, so that these circumstances led Debtor to file a voluntary petition for relief under Subchapter V of Chapter 11 on the Petition Date. The feasibility of this Plan depends on two critical contingencies: (1) whether the proposed sale, assumption and assignment of the Lease is approved by the Court, and (2) whether Debtor prevails in the IOU Adversary. These projections demonstrate the Reorganized Debtor's ability to satisfy all of its obligations under the Plan while continuing operations under its reduced-overhead catering and events model. Under each of these scenarios all unsecured creditors receive more than 100% of their allowed claims over 60 months, and Debtor has substantial surplus depending on the results of those contingencies to address any contingencies or make additional distributions. Secured creditors retain their liens and receive payments according to modified loan terms totaling $90,000 (SBA) and $144,000 (EA) over 60 months, with liens continuing on remaining balances. The total amount of general unsecured claims in Class 4 excluding the Landlord, whose prepetition Claim No. 10 Debtor intends to sell, assume and assign, resulting in its cure, is $202,037.44. If the Landlord is included, then that amount raises to $236,399.17. Each holder of an Allowed Class 4 Claim shall receive, in full and final satisfaction of such Allowed Class 4 Claim, a distribution from the Reorganized Debtor equal to 100% of the Allowed amount of such Claim, payable in equal monthly installments over a period of 60 months, with the first installment to be paid 30 days following the Effective Date and subsequent installments to be paid each month thereafter. No interest shall accrue on Allowed Class 4 Claims unless otherwise required by applicable law. * Scenario 1: Best Case (Lease Approval & IOU Claim Disallowed): Under this scenario, the Lease sale/assumption/assignment transaction closes, generating $40,000 in proceeds and eliminating Landlord's prepetition rent arrears claim of $34,361.73. Debtor prevails in the IOU Adversary, eliminating IOU's $185,364.20 disputed claim from distributions. Each holder of an Allowed Class 4 Claim shall receive, in full and final satisfaction of such Allowed Class 4 Claim, a distribution from the Reorganized Debtor equal to 100% of the Allowed amount of such Claim, payable in equal monthly installments over a period of 60 months, with the first installment to be paid 30 days following the Effective Date and subsequent installments to be paid each month thereafter. No interest shall accrue on Allowed Class 4 Claims unless otherwise required by applicable law. * Scenario 2: Intermediate Case (Lease Approval & IOU Claim Allowed): Under this scenario, the Lease sale/assumption/assignment transaction closes, generating $40,000 in proceeds and eliminating Landlord's prepetition rent arrears claim of $34,361.73. Debtor does not prevails in the IOU Adversary, and IOU's $185,364.20 claim is allowed as unsecured in Class 5. Based on the attached feasibility analysis (Lefko Feasibility - IOU Payments), each holder of an Allowed Class 4 Claim shall still receive, in full and final satisfaction of such Allowed Class 4 Claim, a distribution from the Reorganized Debtor equal to 100% of the Allowed amount of such Claim, payable in equal monthly installments over a period of 60 months, with the first installment to be paid 30 days following the Effective Date and subsequent installments to be paid each month thereafter. No interest shall accrue on Allowed Class 4 Claims unless otherwise required by applicable law. * Scenario 3: Adjusted Case (Lease Rejected & IOU Claim Allowed): Under this scenario, if the sale, assumption and assignment of the Lease as a private sale is not approved by the Court (e.g., if objection requires public auction process that fails to produce acceptable bid), Debtor will reject the Lease pursuant to 11 U.S.C. §365(a), at which time Landlord will be entitled to a claim for rejection damages, capped at approximately $132,000 (12 months x $11,000/ month), for a total Landlord unsecured claim of $166,361.72, which will reduce the distribution percentage to the Class 4 Claims to account for an increased unsecured obligation to Landlord. Each holder of an Allowed Class 4 Claim shall still receive, in full and final satisfaction of such Allowed Class 4 Claim, a distribution from the Reorganized Debtor equal to 100% of the Allowed amount of such Claim, payable in equal monthly installments over a period of 60 months, with the first installment to be paid 30 days following the Effective Date and subsequent installments to be paid each month thereafter. No interest shall accrue on Allowed Class 4 Claims unless otherwise required by applicable law. On and after the Effective Date, the Reorganized Debtor shall continue to operate as a limited liability company under the laws of the State of Florida. The Reorganized Debtor shall continue to be managed by Michelle and Rob as managing members. The Plan provides for the reorganization of Debtor's business through a combination of (i) the sale and assignment of Debtor's leasehold interest in its operating location, (ii) the transition to a lower-cost operating model focused on catering and events, (iii) the settlement and resolution of disputed claims including the IOU Adversary proceeding, and (iv) payment to creditors over 60 months from projected disposable income and transaction proceeds. A full-text copy of the Combined Disclosure Statement and Plan dated July 2, 2026 is available at https://urlcurt.com/u?l=dENCrR from PacerMonitor.com at no charge. Counsel to the Debtor: Ivan J. Reich, Esq. Nason Yeager Gerson Harris & Fumero, PA 3001 PGA Boulevard, Suite 305 Palm Beach Gardens, FL 33410 Telephone: (561) 686-3307 Facsimile: (561) 686-5442 Email: ireich@nasonyeager.com About LEFKO LLC LEFKO LLC, doing business as Salute Market, operates a high-end restaurant in Palm Beach Gardens with indoor/outdoor seating, live entertainment, a premium wine and spirits selection, and a catering business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14231) on April 3, 2026. In the petition signed by Michelle Lefkowitz, managing member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Ivan J. Reich, Esq., at Nason Yeager Gerson Harris & Fumero, PA represents the Debtor as counsel. LIA HOSPITALITY: Trustee Hires BGBC Advisory as Financial Advisor ----------------------------------------------------------------- Meredith R. Thiesen, the Chapter 11 Trustee of Lia Hospitality Group LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to employ BGBC Advisory d/b/a Springline Advisory as accountant and financial advisor. The firm's services include: Accounting Services -- assistance with financial record reconstruction and analysis; -- assistance as to any and all other accounting and forensic accounting needs of the bankruptcy estate; and -- general assistance with respect to other accounting matters associated with the Trustee’s administration of the bankruptcy estate. Tax Services -- prepare the fiduciary federal and state tax returns for the bankruptcy estate; and -- assistance as to any and all other tax needs of the bankruptcy estate. Litigation Services -- analysis of potential avoidance actions; -- analysis of insolvency; -- assistance in connection with the recovery of assets; and -- assistance with any and all other litigation needs of the bankruptcy estate. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Kyle A. Simmerman 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: Kyle A. Simmerman BGBC Advisory d/b/a Springline Advisory 135 N. Pennsylvania St. Suite 2600 Indianapolis, IN 46204 Tel: (317) 633-4700 About Lia Hospitality Group LLC Lia Hospitality Group LLC operates the Baymont Inn in Muncie, Indiana, overseeing daily hotel operations, guest services, maintenance, and property management. Lia Hospitality Group LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-01663) on Mar. 23, 2026. In the petition signed by Chirag Patel, vice president, the Debtor disclosed up to $10 million in assets and up to $10 million in liabilities. Judge Andrea K. McCord oversees the case. Preeti Gupta, Esq., serves as the Debtor's counsel. LITEWATER SCIENTIFIC: Claims to be Paid from Continued Operations ----------------------------------------------------------------- Litewater Scientific, LLC filed with the U.S. Bankruptcy Court for the District of Wyoming a Subchapter V Plan of Reorganization dated July 2, 2026. Litewater is a Wyoming limited liability company, but maintains its principal office at 8745 Technology Way, Ste. D, Reno, Nevada 89521. Litewater was formed on March 20, 2019, by Robert Slovak. That same day, Mr. Slovak executed a written Operating Agreement establishing himself as the sole member and manager of Litewater, with a $1,000 capital contribution. At that time, Mr. Slovak and Victor Sagalovsky intended to market and sell deuterium depleted water (DDW) in the United States. The Stephensons became involved in Litewater's operations at some point after the formation of Litewater, loaning monies to Litewater with interest and also as employees of Litewater being paid W-2 wages. Notably, the Stephensons' loans have since been satisfied, while Mr. Slovak's loans remain unpaid. The Stephensons were also long-time personal friends of Mr. Slovak. The Stephensons were both involved with Litewater's operations as employees, with Mrs. Stephenson involved in Litewater's accounting, and Mr. Stephenson managing Litewater's financial affairs as de facto CFO. As early as March 6, 2026, counsel for Litewater advised counsel for the Stephensons that bankruptcy options were being evaluated. Then again on March 17, counsel for Litewater advised both the Stephensons and the Wyoming State Court that bankruptcy was being evaluated. On March 31, 2026, in full candor to the Wyoming State Court and the involved parties, counsel for Litewater informed the Wyoming State Court that Litewater had retained bankruptcy counsel to proceed with the filing of a voluntary bankruptcy petition. The jury trial was subsequently vacated. In order to, in part, prevent the dismantling of its operations by disgruntled former employees to the detriment of all other creditors and stakeholders, Litewater filed a voluntary petition under subchapter V of chapter 11 of the Bankruptcy Code with the Bankruptcy Court on April 3, 2026. Litewater seeks confirmation of this Plan pursuant to section 1191(b) of the Bankruptcy Code. The Plan proposes to pay Allowed creditors from its disposable income from operations to be received by Litewater in the 1-year period beginning on the date that the first payment is due under the Plan. The Plan further proposes to pay Disputed Equity Interest Holders Michael and Karen Stephenson a to-be-determined valuation of their Disputed Equity Interest over thirty-six months upon the entry of a final determination that they are in fact Allowed Equity Interest Holders. Class 3 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 3 Holders of Allowed General Unsecured Claims shall be paid in full within twenty-four months of the Effective Date. Class 3 is impaired. Class 5 includes the undisputed Equity Interests of Litewater held by Robert Slovak, which interests are unimpaired by the Plan. Upon confirmation of the Plan, the undisputed Equity Interest holder in Litewater (i.e., Robert Slovak) shall continue to maintain his identical ownership interests in Litewater. On the Effective Date, Victor Sagalovsky shall be appointed as the CEO of the Reorganized Debtor pursuant to Section 1142(b) of the Bankruptcy Code for the purpose of carrying out the terms of the Plan, and taking all actions deemed necessary or convenient to consummating the terms of the Plan, including, but not limited to, executing documents. Litewater believes that the Plan, as proposed, is feasible. Litewater projects having approximately $660,000 of Cash on the Effective Date. Funding for the Plan will come from Litewater's continued operations (and, after confirmation, as the Reorganized Debtor) during the term of the Plan. Litewater estimates it will have sufficient Cash to satisfy the obligations under the Plan, including sufficient Cash on hand to pay Allowed Administrative Claims and Priority Claims in full on the Effective Date, and all Allowed General Unsecured Claims within twenty-four months of the Effective Date. Further, to the extent it is determined by Final Order that the Stephensons hold an Equity Interest in Litewater, Litewater believes it will generate sufficient disposable income over three years to satisfy any payments due and owing to the Stephensons under the Plan. A full-text copy of the Subchapter V Plan dated July 2, 2026 is available at https://urlcurt.com/u?l=WSnRQp from PacerMonitor.com at no charge. Counsel for the Debtor: MARKUS WILLIAMS LLC Bradley T. Hunsicker, Esq. 2120 Carey Avenue, Suite 101 Cheyenne, WY 82001 Telephone: (307) 778-8178 Facsimile: (307) 638-1975 Email: bhunsicker@MarkusWilliams.com About Litewater Scientific Litewater Scientific, LLC operates Litewater, producing deuterium-depleted bottled water that reduces naturally occurring deuterium levels and is distributed mainly through online channels. Litewater Scientific, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No. 26-20154) on April 3, 2026, listing $1 million to $10 million in assets and $1 million to $10 million in liabilities. The petition was signed by Robert Slovak as manager. Judge Cathleen D. Parker presides over the case. Bradley T. Hunsicker, at MARKUS WILLIAMS LLC, serves as the Debtor's counsel. LOCAL SEARCH: Seeks Ch. 11 Bankruptcy After Pending Suits --------------------------------------------------------- Local Search Masters, LLC filed for Chapter 11 bankruptcy protection on July 9, 2026, in the U.S. Bankruptcy Court for the Middle District of Tennessee. According to court records, the company lists estimated assets of $500,000 to $1 million, estimated liabilities of $1 million to $10 million, and 1–49 creditors. A meeting of creditors under Section 341(a) to be held on August 13, 2026 at 01:30 PM via Meeting held telephonically. Please call 888-330-1716 and enter code 3884044# to attend. Chapter 11 Small Business Subchapter V plan must be filed by October 7, 2026. The deadline for the government to file a proof of claim is January 5, 2027. About Local Search Masters, LLC Local Search Masters, LLC is a Franklin, Tennessee-based provider of digital marketing and local search advertising services. The company specializes in helping franchise organizations and multi-location businesses improve their online visibility through SEO, SEM, paid social advertising, website development, and marketing analytics. It is also known for its LSM Insight CRM-integrated reporting platform. The company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-03278) on July 9, 2026. In its bankruptcy petition, Local Search Masters reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Chapter 11 case is pending in the Middle District of Tennessee, with the debtor represented by R. Alex Payne, Esq., of Dunham Hildebrand Payne Waldron, PLLC. LOS DORADOS: Commences Chapter 11 Bankruptcy in New York -------------------------------------------------------- On July 9, 2026, Los Dorados Cargo Inc. filed for Chapter 11 Small Business bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. According to the Office of the United States Trustee, the Section 341(a) Meeting of Creditors will be conducted by telephone on August 10, 2026, at 12:00 p.m. Parties may participate by calling (888) 330-1716 (U.S. toll-free) or (713) 353-7024 (international) with Access Code 1165157. About Los Dorados Cargo Inc. Los Dorados Cargo Inc. is an Elmhurst, New York-based international freight forwarding and courier services provider. The company offers cross-border shipping and logistics solutions, serving customers in more than a dozen Latin American countries, including Panama, Peru, and Venezuela, while also operating a courier location in Jackson Heights, New York. Los Dorados Cargo Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43341) on July 9, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The debtor is represented by Pankaj Malik, Esq., of PM Law PC. LUGINBILL CONSTRUCTION: Patricia Fugee Named Subchapter V Trustee ----------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Patricia Fugee of FisherBroyles, LLP as Subchapter V trustee for Luginbill Construction, LLC. Ms. Fugee will be paid an hourly fee of $365 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Fugee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Patricia B. Fugee FisherBroyles, LLP 27100 Oakmead Drive #306 Perrysburg, OH 43551 Phone: (419) 874-6859 Email: Patricia.Fugee@FisherBroyles.com About Luginbill Construction LLC Luginbill Construction, LLC is a Rockford, Ohio-based general contractor specializing in residential, commercial, and agricultural construction. The company maintains its principal place of business in Van Wert, Ohio, and continued providing general contracting services across those sectors through early 2026. Luginbill Construction sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-31566) on July 2, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable John P. Gustafson handles the case. The Debtor is represented by Steven L. Diller, Esq. MARK J. PAMER: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- Mark J. Pamer, D.O., LLC received another extension from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. The court entered a second interim order authorizing the Debtor to use cash collateral to pay its expenses based on the approved operating budget. The Debtor may exceed individual budget line items by up to 10% or exceed multiple line items provided that the aggregate variance does not exceed 10% of the total budget. Unless terminated earlier, the interim authorization expires on July 31. Events that may terminate the Debtor's authority to use cash collateral include default under the order, failure to comply with the approved budget, failure to maintain insurance or submit required reports, appointment of a trustee or examiner, dismissal or conversion of the Debtor's Chapter 11 case, or a court order prohibiting further use of cash collateral. McKesson Corporation and the U.S. Small Business Administration will be granted adequate protection through replacement liens on post-petition property similar to their pre-petition collateral. These replacement liens are subject and subordinate to the fee carve-out and any permitted pre-petition liens. In addition, McKesson will receive a monthly payment of $2,750, beginning this month. Additional safeguards include insurance coverage on the collateral and access to business assets and financial records. A copy of the court's order and the Debtor's budget is available at https://short.do/-2zq6p from PacerMonitor.com. The next hearing is scheduled for Aug. 4. About Mark J. Pamer, D.O. LLC Mark J. Pamer, D.O., LLC is a pulmonology and multispecialty care practice located in Port Saint Lucie, Florida. Founded by Dr. Mark J. Pamer in 2009, the practice provides allergy testing and immunotherapy, pulmonary and cardiac rehabilitation, diagnostics and testing, sleep medicine, and evaluation and treatment for lung and respiratory conditions. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17689) on June 12, 2026. In the petition signed by Mark J. Pamer, manager, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Mindy A. Mora oversees the case. Malinda L. Hayes, Esq., at the Law Offices of Malinda L. Hayes, represents the Debtor as bankruptcy counsel. MARS FX US: Unsecureds' Recovery "Unknown" in Liquidating Plan -------------------------------------------------------------- Mars FX US LP filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Plan of Liquidation dated July 2, 2026. The Debtor is a Delaware limited partnership. Novus Capital Partners LLC is the General Partner of the Debtor. The Debtor, as the "Onshore Feeder," was the vehicle in the U.S. as part of a cross-border investment structure comprised of the Debtor and Mars FX Master Ltd (the "Master Fund"), and MARS FX INTERNATIONAL LTD (the "Offshore Feeder" and, together, with the Master Fund, the "Cayman Entities"). This structure was established to raise capital from U.S. investors through the Debtor, and non-U.S. investors through the Offshore Feeder, for foreign exchange trading. The Plan provides for the vesting of the Debtor's Assets in a Litigation Trust established for the purposes of liquidating the Assets and making distributions pursuant to the Plan. The proceeds from the liquidation of the Assets will be used to make all distributions pursuant to the terms of the Plan. The Litigation Trustee, as applicable, may pursue certain Causes of Action to collect additional Cash for distribution pursuant to the terms of the Plan. Class 2 Claims consists of all General Unsecured Claims held against the Debtor. Holders of Allowed General Unsecured Claims will receive, in full and final satisfaction, settlement, and discharge and in exchange for each Allowed General Unsecured Claim, their Pro Rata share of the Class A Litigation Trust Units. The allowed unsecured claims total $150,000.00. Class 2 is Impaired. The estimated recovery for General Unsecured Claims is "unknown", according to the Disclosure Statement. Class 4 consists of the Novus Partnership Interests. To the extent that any Distributable Funds are available after full payment of all statutory fees, Administrative Claims, Priority Tax Claims, and Claims in Classes 1, 2, and 3, the Holders of Class 4 Interests shall receive such remaining funds in accordance with the Limited Partnership Agreement. The payments due under the Plan will be paid from: (i) first, the Exit Facility, and (ii) second, the liquidation of the Litigation Trust Assets. The Confirmation Order shall provide for the appointment of the Litigation Trustee. The Litigation Trustee shall be deemed the Litigation Trust's exclusive representative in accordance with Bankruptcy Code Section 1123 and shall have all powers, authority and responsibilities specified under Bankruptcy Code Sections 704 and 1106. The Litigation Trust Expenses shall be funded by the Exit Facility, the proceeds of the liquidation of the Assets, and/or the proceeds of any additional financing agreements entered into by the Litigation Trust after the Effective Date, and shall be paid prior to distributions with respect to Claims. A full-text copy of the Disclosure Statement dated July 2, 2026 is available at https://urlcurt.com/u?l=F5krXo from PacerMonitor.com at no charge. Attorneys for the Debtor: RIMON P.C. Ronald J. Friedman, Esq. Brian Powers, Esq. Haley L. Trust, Esq. Courtney Roman, Esq. 100 Jericho Quadrangle, Suite 300 Jericho, New York 11753 Tel: (516) 479-6300 About Mars FX US LP Mars FX US LP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22287) on March 23, 2026. At the time of the filing, the Debtor had estimated assets of between $0 to $50,000 and liabilities of between $10,000,001 to $50 million. The Debtor's business involved an onshore feeder structure within a cross-border investment arrangement. Judge Kyu Y. Paek oversees the case. Rimon P.C. is Debtor's proposed legal counsel. On Apr. 27, 2026, the Office of the United States Trustee appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Lowenstein Sandler LLP as counsel. MEDICAL SOLUTIONS: S&P Upgrades ICR to 'CCC+', Outlook Stable ------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on healthcare staffing company Medical Solutions Parent Holdings Inc. to 'CCC+' from 'D'. S&P said, "At the same time, we assigned our 'B' issue-level rating and '1' recovery rating to the company's $143 million Class A-1 first-lien first out (FLFO) term loan, our 'CCC+' issue-level rating and '4' recovery rating to its $459 million Class A-2 FLFO term loan and $180 million FLFO revolving credit facility (RCF), and our 'CCC-' issue-level rating and '6' recovery rating to its $549 million first-lien second-out (FLSO) term loan and $148 million first-lien third-out (FLTO) term loan. The '1' recovery rating indicates our expectation for very high (90%-100%; rounded estimate: 95%) recovery, the '4' recovery rating indicates our expectation for average (30%-50%; rounded estimate: 30%) recovery, and the '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of a payment default." The stable outlook reflects the potential that the demand for temporary healthcare staff will remain weak into 2027. It also reflects the company's decent liquidity position and extended maturities, despite the ongoing FOCF deficits, which likely enable it to maintain adequate flexibility as it awaits an eventual recovery in industry demand. Medical Solutions recently completed a distressed exchange, extending its nearest debt maturity beyond 2030. The transaction did not significantly reduce the company's total debt. Adjusted leverage remains elevated following the transaction. Nonetheless, Medical Solutions successfully extended its maturity profile and maintains adequate liquidity, which will provide it with the essential operational runway to adjust to industry volatility. As part of the debt exchange, the company partially repaid its existing credit facilities at a discount to par. In addition, it issued a new $143 million FLFO term loan maturing in November 2030 (which includes $18 million of 13% payment in kind [PIK] debt). Medical Solutions also replaced its $180 million RCF maturing November 2026 with a $180 million FLFO RCF maturing in November 2030 ($26 million outstanding as of the close of the transaction). Furthermore, the company exchanged its existing first- and second-lien debt for a combination of new first-, second-, and third-out term loans maturing in November 2030 and beyond at a discount to par. All Medical Solutions' remaining unexchanged debt remains in its capital structure and is subordinated to the new and exchanged term loan. S&P said, "While the transaction did not materially reduce the company's leverage, we believe it has alleviated its near-term refinancing risk, providing it with some runway to improve its operating performance as the industry stabilizes. We anticipate conditions in the healthcare staffing industry will stabilize in 2027, enabling Medical Solutions to improve its profitability and FOCF. However, any further delay in the industry's recovery could place a greater strain on the company's FOCF and pressure its liquidity. "Persistent FOCF deficits over the next two years. We expect Medical Solutions will generate persistent negative FOCF in 2026 and 2027, albeit with some improvement due to our expectation for a rebound in the demand for travel nurses and allied health services. We assume the company will generate limited revenue from strikes in 2026 and 2027 due to their unpredictability. We also expect Medical Solutions to focus on adding new clients and improve its fill rates, which will improve its top line. Further, we project the company will expand its EBITDA margins by at least 50 basis points (bps) in 2026 (from 4.6% in 2025) and further in 2027 as its benefits from management's cost-savings measures, which are offset by its stable bill rates, with tighter bill-pay spreads driven by aggressive cost management at health systems coupled with wage inflation. "We expect adequate liquidity over the next 12 months. With $30 million of cash on hand and $154 million of availability under the RCF as of the close of the transaction, we believe the company has sufficient liquidity to cover its projected uses of liquidity, including maintenance capital expenditure (capex) of about 1% of revenue and negative funds from operations (FFO). While we believe that Medical Solutions' adjusted EBITDA will be just sufficient to cover its interest expense, we anticipate it will rely heavily on its revolver, which features a springing covenant, as its demand rebounds over the next 12 months. However, if Medical Solutions' liquidity remains constrained for an extended period, we would likely lower our rating. "We anticipate the industry will return to growth in 2027, facilitating an improvement in the company's profitability and FOCF generation. The temporary healthcare staffing industry in the U.S., which aims to address short-term capacity needs at health systems due to turnover, temporary leave, strikes, or during public health emergencies or peak demand, has faced multiple years of headwinds as part of a boom-bust cycle, especially in travel nurse staffing. Medical Solutions and its peers' faced significant pressure in 2023-2025 as health systems sought to minimize their reliance on temporary staffing after bearing extremely high prices during and following the pandemic. Despite the continued pressures, we believe providers will eventually revert to a mix of permanent and temporary staffing that optimizes cost efficiencies, supporting increased demand for temporary staffing. "The stable outlook on Medical Solutions reflects its adequate liquidity, with minimal uses of cash, low capex requirements, and extended maturities, which we expect will provide it with sufficient cash to continue operated until industry dynamics improve." S&P could lower its rating on Medical Solutions if its generates increased FOCF deficits increase or it sees potential for constrained liquidity. This could occur if: -- Its profitability and cash flow significantly underperform our expectations such that we believe it will be unable to cover its fixed charges over the next 12 months; -- Demand for temporary nurses declines further and remains depressed for multiple years; -- It experiences a deterioration in its bill-pay spreads, which compresses its margin further; -- Or its operational performance does not improve such that its refinancing risk rises ahead of its debt maturities in 2029 and 2030. S&P could raise its rating on Medical Solutions if the demand for its services recovers and it improves its profitability such that it generates positive FOCF on a sustainable basis. MEMA'S CHICK'N': Rebecca Redwine Grow Named Subchapter V Trustee ---------------------------------------------------------------- Brian Behr, the U.S. Bankruptcy Administrator for the Eastern District of North Carolina, appointed Rebecca Redwine Grow as Subchapter V trustee for MeMa's Chick'n' & Ribs L.L.C. The Subchapter V trustee will receive an hourly fee of $375 and reimbursement for work-related expenses. Ms. Redwine disclosed in an affidavit that she is "disinterested" according to Section 101(14) of the Bankruptcy Code. About MeMa's Chick'n' & Ribs L.L.C. MeMa's Chick'n' & Ribs L.L.C. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03023) on July 2, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Joseph N. Callaway presides over the case. George M. Oliver, Esq. at The Law Offices Of George Oliver, PLLC represents the Debtor as legal counsel. MSLH LLC: Commences Chapter 11 Bankruptcy for 2nd Time in NY ------------------------------------------------------------ On July 10, 2026, MSLH, 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 $10 million and $50 million in liabilities, estimated assets of $10 million to $50 million, and between 1 and 49 creditors. A Meeting of Creditors under Section 341(a) has been scheduled by the Office of the United States Trustee for August 10, 2026, at 9:15 a.m. Participants may join the telephonic meeting through the provided U.S. toll-free or international access numbers using access code 8185618. About MSLH, LLC MSLH, LLC operates as a real estate company, holding an improved non-residential property used for camp purposes at 3583 Scotland Road in Chambersburg, Pennsylvania. MSLH, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-40002) on January 1, 2026, listing $17,000,010 in assets and $13,476,648 in liabilities. The petition was signed by Abraham Bajnon as member. Judge Elizabeth S Stong presides over the case. Charles Wertman, Esq. at LAW OFFICES OF CHARLES WERTMAN P.C. serves as the Debtor's counsel. The bankruptcy court dismissed the Chapter 11 case on June 12, 2026. 2nd Try MSLH, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43347) on July 10, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Elizabeth S. Stong is handling the case. The debtor is represented by Joshua R. Bronstein, Esq., of The Law Offices of Joshua R. Bronstein & Associates, PLLC. NANKE SIGNATURE: Hires Debora Consulting LLC as Consultant ---------------------------------------------------------- Nanke Signature Group, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Debora Consulting, LLC as consultant. The firm will provide these services: (1) support customer billing; (2) support payroll processing; (3) support timely payments to vendors and subcontractors; (4) general customer service related to billing and invoicing; and (5) support the Debtor's marketing efforts. The firm will be paid at the rate of $2,000 per week. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Ms. Farnsworth 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: Meghan Farnsworth Debora Consulting, LLC 220 W. Goodwin St. Suite 10 H Prescott, AZ 86303 Tel: (480) 400-0306 About Nanke Signature Group, LLC Nanke Signature Group, LLC builds high-quality residential homes throughout Arizona and operates from leased facilities in Prescott. Nanke Signature Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-05055) on May 21, 2026, with assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. John Nanke, company owner, signed the petition. Judge Brenda K. Martin oversees the case. Eli Enger, Esq., at Udall Shumway PLC, represents the Debtor as legal counsel. Dawn Maguire, Esq., at Guttilla Murphy Anderson, serves as Subchapter V trustee for the Debtor. OLYMPIAN WAY DEVELOPMENT: Seeks Subchapter V Bankruptcy in Georgia ------------------------------------------------------------------ On July 10, 2026, Olympian Way Development LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 1-49 creditors, including approximately $1.6 million in unsecured debt. Chapter 11 Subchapter V Reorganization Plan Due October 8, 2026. About Olympian Way Development LLC Olympian Way Development LLC is an Atlanta, Georgia-based residential building construction and real estate development company focused on acquiring, developing, and holding residential properties. The company has operated as a buy-and-hold real estate investor specializing in single-family homes and vacant land across the Atlanta-Sandy Springs-Roswell metropolitan area. Olympian Way Development LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-58984) on July 10, 2026. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Barbara Ellis-Monro, Chief Judge, handles the case. The Debtor is represented by Brad Fallon, Esq., of Fallon Law PC. OMEGA ROOFING: Seeks Chapter 11 Bankruptcy in Florida ----------------------------------------------------- On July 9, 2026, Omega Roofing, Inc. filed for Chapter 11 Small Business protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $0 and $50,000 in liabilities, between $0 and $50,000 in assets, and 1–49 creditors. The meeting of creditors under Section 341(a) is scheduled for August 17, 2026, at 12:00 p.m. About Omega Roofing, Inc. Omega Roofing, Inc. is a Hialeah Gardens, Florida-based roofing contractor specializing in residential roofing installation, repair, replacement, and maintenance. The company serves homeowners throughout the Miami metropolitan area and maintains an active Florida contractor's license. Omega Roofing, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19027) on July 9, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $0 to $50,000. Honorable Robert A. Mark is presiding over the case. The debtor is represented by Peter D. Spindel, Esq. PARADISE ALLEY: Starts Chapter 11 Bankruptcy in Louisiana --------------------------------------------------------- On July 9, 2026, Paradise Alley, LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Louisiana, New Orleans Division. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. The bankruptcy court has set November 6, 2026 as the deadline for filing the Chapter 11 plan and disclosure statement. About Paradise Alley, LLC Paradise Alley, LLC is a Mandeville, Louisiana-based family entertainment center offering bowling, arcade games, dining, and live entertainment. The company operates a 35,000-square-foot venue featuring 32 bowling lanes, a modern arcade with a video wall, a full-service dining area, and a dance hall. The facility opened in March 2025 following a $2 million renovation of the former Tiffany Lanes property. Paradise Alley, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11679) on July 9, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge handles the case. The debtor is represented by Patrick S. Garrity, Esq., of The Derbes Law Firm, LLC. PERFORMERS EDGE: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- Performers Edge, LLC was granted a seven-day extension by the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, to use cash collateral. The court on July 14 entered a bridge order extending the Debtor's authority to use cash collateral to July 22 from July 15. It also scheduled a final hearing for July 22. The Debtor was initially allowed to access cash collateral to fund its operations under the court's July 2 interim order. As of the petition date, the Debtor held approximately $8,000 in cash and cash equivalents and had approximately $800 in accounts receivable, all of which may constitute cash collateral under the Bankruptcy Code. The Debtor needs immediate access to these funds because it has no alternative source of financing to support operations during the early stages of its Chapter 11 case. Based on the Debtor's preliminary review, the creditors that may claim interests in its cash collateral through filed UCC financing statements include Newtek Bank, N.A., which claims an interest in most of its assets; C T Corporation System, which may have security interests in financed or leased equipment; and Corporation Service Company, which filed three separate UCCs relating to future receivables. The Debtor agreed to provide adequate protection to secured creditors through replacement liens on the cash collateral and a monthly payment of $3,400 to Newtek. Events of default that could terminate the Debtor's authority to use cash collateral include dismissal or conversion of the case, appointment of a Chapter 11 trustee, expiration of the order, material noncompliance with the approved budget, or failure to make the required payments. Performers Edge has operated continuously since its incorporation in Indiana on Nov. 15, 1993, but accumulated substantial debt over the past three years as a result of relocating its business. Despite these financial difficulties, the Debtor believes its underlying business remains viable and expects to generate sufficient revenue to meet ongoing post-petition obligations while proposing a feasible Chapter 11 plan. The Debtor estimates that it has approximately $232,000 in secured debt and about $860,000 in unsecured debt. It commenced the Chapter 11 case to reorganize these obligations, continue operating its business, and repay creditors over time through a court-approved plan. The Debtor estimates that its assets, which may be subject to existing security interests, are worth approximately $232,000, although no formal appraisals have been conducted. About Performers Edge LLC Performers Edge, LLC provides dance education, group dance classes, and private lessons in Carmel, Indiana. Performers Edge filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-04157) on June 29, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge James M. Carr presides over the case. Harley K. Means, Esq., at Kroger Gardis & Regas, LLP represents the Debtor as legal counsel. POWER BLOCK: Trustee Hires Johnson Van Kwawegen as Counsel ---------------------------------------------------------- Angela J. Somers, the Chapter 11 Trustee of Power Block Coin, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to employ Johnson Van Kwawegen, LLP as counsel. The firm will provide these services: a. advise the Trustee with respect to her powers, duties, and responsibilities under the Bankruptcy Code and applicable law; b. investigate and analyze the Debtor's assets, liabilities, business operations, financial affairs, and prepetition transactions, including potential cryptocurrency and digital asset holdings; c. identify, preserve, and, if appropriate, pursue estate claims and causes of action, including avoidance actions, fraudulent transfer claims, and other litigation on behalf of the estate; d. represent the Trustee in proceedings before this Court and other courts as necessary; e. assist the Trustee in negotiating, drafting, and implementing a Chapter 11 plan of reorganization or liquidating plan, or overseeing an orderly liquidation of estate assets; f. assist the Trustee with respect to claims administration, including reviewing, analyzing, and, if appropriate, objecting to proofs of claim filed against the estate; g. advise the Trustee with respect to executory contracts, unexpired leases, and other contractual obligations of the estate; h. prepare, review, and file on behalf of the Trustee all pleadings, motions, applications, orders, reports, and other papers required by the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, and the Local Rules of this Court; and i. render such other legal services and advice to the Trustee as may be necessary or appropriate in connection with this Chapter 11 case. The firm will be paid at these rates: Angela J. Somers, Partner $1,500 per hour Jonathan Zweig, Partner $1,500 per hour Associates/Of Counsel $750 per hour Paralegals/Legal Assistants $350 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Zweig 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: Jonathan Zweig, Esq. Johnson Van Kwawegen, LLP 485 Madison Avenue 15th Floor New York, NY 10022 Tel: (646) 836-9653 Email: Jonathan@jvk-law.com About Power Block Coin, LLC Power Block Coin, LLC, a company in Orem, Utah, conducts business as SmartFi. SmartFi is a unique monetary system, which combines monetary policy with the freedoms of cryptocurrency to create a self-sustaining open-lending platform, providing the holders of SmartFi Token the opportunity to manage the system and become the beneficiaries of the wealth creation that would otherwise accrue to traditional banks. Power Block Coin filed its voluntary petition for Chapter 11 protection (Bankr. D. Utah Case No. 24-23041) on June 20, 2024, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Aaron Tilton, officer, signed the petition. Judge Joel T. Marker oversees the case. The Debtor tapped Parsons Behle & Latimer as legal counsel and CFO Solutions LLC as accountant and financial advisor. On October 24, 2024, the United States Trustee appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Greenberg Traurig LLP as counsel and Huron Consulting Services, LLC as financial advisor. PURE SCIENCE: Unsecureds Will Get 0.26% of Claims in Plan --------------------------------------------------------- Pure Science Lab filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization for Small Business dated July 2, 2026. The Debtor has operated as a corporation since 2015. The Debtor is in the business of selling a wide variety of premium CBD products, including concentrates, gummies, creams, soft gels, and tinctures both online and in-store. The Debtor filed bankruptcy due to the business revenues declining and new CBD regulations impaired its ability to meet the financial obligations. The Debtor seeks to liquidate its company's assets and create a pot plan distribution for its creditors. As such, this Sub-Chapter V is a liquidating plan with a purchase agreement for the business assets. As this is a liquidating plan, the distributions from the sale of the assets of Pure Science Lab will create a pot plan to distribute to the unsecured creditors after the secured claim, priority claim, and admin expenses. The sale of the assets has been agreed upon with Debtor's principal son's business, TP Development. This Liquidating Plan provides for a pot plan distribution. The Small Business Administration ("SBA") is the first-position lien secured creditor. Pursuant to a perfected UCC-1 financing statement, the SBA's total claim of $1,290,640.75 is partially secured by the Debtor's collateral, which was valued at $58,522.56. The remaining $1,232,118.19 of the SBA's claim is unsecured. The SBA collateral valuation is subject to objection or formal valuation, if needed. Because the SBA holds a first position lien, no remaining collateral exists to secure the claims of any other purported secured creditors. There is one class, class 2, of non-priority unsecured creditors, which currently consists of 6 claims, including the unsecured portion of the SBA's claim. Total unsecured claims, as reflected in the Debtor's schedules or filed proofs of claim, amount to approximately $1,238,576.11 Holders of allowed non-priority unsecured claims will receive a pot plan distribution under this Plan. Based on current totals, the Plan proponent estimates that these unsecured creditors will receive a distribution of approximately 0.0026 cents on the dollar. Class 2 consists of all allowed non-priority unsecured claims against the Debtor, currently comprising Six separate claims, which aggregate to a total estimated allowed class value of $1,238,576.11. In full and complete satisfaction, settlement, and discharge of their respective claims, holders of allowed Class 2 claims shall receive their pro rata share of whatever is left after payment of Priority Tax, Administrative Claims, Secured Creditor, and is estimated at $3,240.81 aggregate distribution after the time of the asset sale of the business. This total pot plan distribution equates to an estimated recovery of 0.0026 cents (0.26%) on the dollar. Payments to Class 2 shall be funded through the Debtor's sale of the assets. Because the legal, equitable, and contractual rights of holders of Class 2 claims are altered under the Plan, Class 2 is impaired and holders of allowed claims in this class are entitled to vote to accept or reject the Plan. The Debtor shall fund the payments required under this Plan primarily through its sale of assets and the pot plan distribution. The Plan Proponent will pay creditors from all proceeds of the sale. The Debtor plans to sell their assets for $60,000.00, which along with the cash in the DIP account, will fund a pot plan with all available disposable income. The Debtor will cease business operations after the sale of assets and trade name to TP Development, LLC. A full-text copy of the Plan of Reorganization dated July 2, 2026 is available at https://urlcurt.com/u?l=ntUcOP from PacerMonitor.com at no charge. Counsel to the Debtor: VAN HORN LAW GROUP, P.A. Chad Van Horn, Esq. Florida Bar No. 64500 About Pure Science Lab Inc. Pure Science Lab Inc. is a provider of hemp-derived cannabidiol products, offers oils, capsules, gummies, concentrates, topical creams, and pet formulations for the health and wellness market. The company focuses on sourcing organic hemp and producing non-psychoactive CBD extracts, with a product portfolio that includes tinctures, softgels, and topical applications distributed to individual consumers seeking plant-based wellness products. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14210) on April 3, 2026. In the petition signed by Steven Pomerantz, president, the Debtor disclosed $66,485 in assets and $1,296,462 in liabilities. Judge Peter D. Russin oversees the case. Chad Van Horn, Esq., at Van Horn Law Group, P.A., represents the Debtor as bankruptcy counsel. RALIAM HOSPITALITY: Trustee Taps BGBC as Financial Advisor ---------------------------------------------------------- Meredith R. Thiesen, the Chapter 11 Trustee of Raliam Hospitality Group, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to employ BGBC Advisory d/b/a Springline Advisory as accountant and financial advisor. The firm's services include: - Accounting Services -- Assistance with financial record reconstruction and analysis; -- Assistance as to any and all other accounting and forensic accounting needs of the bankruptcy estate; and -- General assistance with respect to other accounting matters associated with the Trustee’s administration of the bankruptcy estate. - Tax Services -- Prepare the fiduciary federal and state tax returns for the bankruptcy estate; and -- Assistance as to any and all other tax needs of the bankruptcy estate. - Litigation Services -- Analysis of potential avoidance actions; -- Analysis of insolvency; -- Assistance in connection with the recovery of assets; and -- Assistance with any and all other litigation needs of the bankruptcy estate. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Kyle A. Simmerman 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: Kyle A. Simmerman BGBC Advisory d/b/a Springline Advisory 135 N. Pennsylvania St. Suite 2600 Indianapolis, IN 46204 Tel: (317) 633-4700 About Raliam Hospitality Group, LLC Raliam Hospitality Group, LLC operates a Quality Inn hotel in Muncie, Indiana, providing midscale lodging and standard hospitality services, including accommodations and complimentary breakfast, under the franchise system of the Choice Hotels International. The company serves travelers in Muncie, Indiana, supported by university-related and regional demand. Raliam Hospitality Group LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-01661) on Mar. 23, 2026. In the petition signed by Chirag Patel, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jeffrey J. Graham oversees the case. Preeti Gupta, Esq., serves as the Debtor's counsel. REIGN ROOFING: Unsecureds Will Get 100% of Claims over 5 Years -------------------------------------------------------------- Reign Roofing, LLC submitted an Amended Plan of Reorganization dated July 2, 2026. The Debtor's Plan of Reorganization provides for the continued operations of the Debtor in order to make payments to its creditors as set forth in this Plan. Debtor seeks to confirm a consensual plan or reorganization so that all payments to creditors required under the Plan will be made directly by the Debtor to its creditors. 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 seven classes of Claimants. These claimants will receive cash repayments over a period of time beginning on the Effective Date. While Debtor's Plan proposes to pay claims not to exceed five years, nothing prevents Debtor from prepaying its claims. Class 5 consists of Allowed Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at 7% percent per annum over the next five years beginning not later than the 15th day of the first full calendar month following 30 days after the effective date of the plan and continuing every year thereafter for the additional four years remaining on this date. Debtor shall commence disbursements to the Class 4 claims beginning the second year of the plan through the fifth year after the effective date of confirmation. The Debtor will distribute up to $36,979.00 to the general allowed unsecured creditor pool over the 5-year term of the plan. The Debtor can make monthly, quarterly or yearly payments as to the Class 4 Claimants. The Debtor's General Allowed Unsecured Claimants will receive 100% of their allowed claims under this plan. Any creditors listed in the schedules of Reign Roofing, LLC as disputed and did not file a claim will not receive distributions under this plan. The allowed unsecured claims total $816,305.80. The Debtor anticipates the continued operations of the business to fund the Plan. A full-text copy of the Amended Plan dated July 2, 2026 is available at https://urlcurt.com/u?l=MP379T from PacerMonitor.com at no charge. Counsel to the Debtor: Vicky M. Fealy, Esq. THE FEALY LAW FIRM, PC 1235 North Loop W Ste 1120 Houston, TX 77008 Telephone: (713) 526-5220 Facsimile: (713) 526-5227 E-mail: vfealy@fealylawfirm.com About Reign Roofing LLC Reign Roofing LLC, based in Sugar Land, Texas, provides residential roofing services across the Greater Houston area, including Richmond, Katy, Missouri City, Greatwood, Rosenberg, and Cinco Ranch. The company offers roof repair, replacement, and maintenance solutions for metal, shingle, and flat roofing, specializing in storm damage restoration. With over 20 years of experience, Reign Roofing emphasizes customer service, professional craftsmanship, and industry-recognized warranties in the roofing sector. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-31034) on Feb. 17, 2026, with $184,908 in assets and $1,188,971 in liabilities. Joel Pond, owner, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Vicky M. Fealy, Esq. at The Fealy Law Firm, PC, is the Debtor's bankruptcy counsel. RIVERSIDE INN: Owner Contests Court's Receivership Ruling --------------------------------------------------------- Daniel Eduardo Hernandez of The Riverside Record reports that the legal battle over Riverside Inn and Suites continues after the motel's owners appealed a court order placing the Magnolia Avenue property under receivership. Attorney Frank Weiser criticized the decision, describing it as an unnecessarily harsh remedy that imposes significant legal costs while delaying a negotiated resolution. He said the owners remain willing to cooperate with city officials to improve the property. The City of Riverside successfully petitioned the court to appoint GS Strategies Inc. as receiver, giving the firm authority to manage daily operations, develop a rehabilitation strategy, and potentially pursue a court-approved sale of the motel. According to city filings, the property has long been associated with repeated code violations, criminal activity, narcotics-related incidents, and public safety concerns that persisted despite years of enforcement efforts. The owners reject those allegations, arguing that many emergency calls attributed to the motel actually involved incidents occurring nearby. Weiser maintained that the property has been operated responsibly and said receivership should be considered only after owners are given a reasonable opportunity to remedy violations. He also contends the Superior Court should not have proceeded while related appellate proceedings remain active in federal court, the report states. The city has declined to discuss the case because litigation is ongoing. Court records show officials met with the owners on multiple occasions before seeking receivership, but concluded that corrective measures had not been implemented. Riverside leaders continue to view the Magnolia Avenue corridor as a priority for nuisance abatement, while the appeal will determine whether the receivership order remains in effect, according to report. About Riverside Inn & Suites Riverside Inn & Suites is a Riverside, California-based hotel business engaged in providing hospitality and accommodation services. The property features a variety of guest rooms, recreational amenities, and practical services aimed at meeting the needs of budget-conscious travelers. The City of Riverside obtained court approval to place Riverside Inn & Suites under receivership, transferring operational oversight of the motel to a court-appointed manager. The action followed allegations of persistent prostitution, criminal activities, and unresolved property violations, with the receiver tasked with stabilizing operations and bringing the property into compliance with local requirements. RUM SUGAR: Nathan Smith Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Region 17 appointed Nathan Smith, Esq., as Subchapter V trustee for Rum Sugar Lime, LLC. Mr. Smith, a partner at Malcolm & Cisneros, will be paid an hourly fee of $550 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Smith declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nathan F. Smith, Esq. Malcolm & Cisneros 2112 Business Center Drive Irvine, CA 92612 Phone: (949) 252-9400 Email: nathan@mclaw.org About Rum Sugar Lime LLC Rum Sugar Lime, LLC is a Reno, Nevada-based cocktail bar and tropical lounge operating from 1039 S. Virginia St. in Midtown Reno. In addition to its lounge, the company manages the Nautilus private event venue and continues to offer seasonal food and beverage menus while restructuring its financial obligations. Established in 2018, the business also received state COVID-19 relief funding in 2021. Rum Sugar Lime sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50674) on July 2, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. Honorable Hilary L. Barnes handles the case. The Debtor is represented by Kevin A. Darby, Esq., of Darby Law Practice, Ltd. RYAN LLC: Fitch Assigns 'B+' LongTerm IDR, Outlook Stable --------------------------------------------------------- Fitch Ratings has assigned Long-Term Issuer Default Ratings (IDRs) of 'B+' with a Stable Rating Outlook to Ryan, LLC and Ryan NL Coöperatie U.A. (Ryan or the Company), which are co-borrowers under the company's senior secured credit facilities. Fitch has also assigned a 'BB-' rating with a Recovery Rating of 'RR3' to the senior secured revolving credit facility and term loans. The ratings reflect Ryan's stable position in the mid-tier accounting market, strong client retention and resilient, non-cyclical demand for tax services. Ryan's credit profile is supported by a diversified customer base, which limits revenue volatility and supports earnings visibility, but is constrained by moderately high EBITDA leverage, integration risks from the debt-financed Svalner acquisition, and its smaller market position amid intense competition from larger firms, including the Big Four. The Stable Outlook reflects Fitch's expectation of consistent growth and positive cash flow. Key Rating Drivers Svalner Acquisition Integration Risks: Ryan's approximately $475 million acquisition of Svalner is expected to add about $270 million of incremental debt, increasing leverage and execution risk. The transaction comes on the heels of Ryan completing the integration of its 2025 acquisition of Altus Property Group Tax Services business. While Ryan has a solid acquisition track record, its prior deals were smaller in size. Svalner represents a further step change in scale, contributing roughly 6% of revenue and adding significant international operations. The acquisition is expected to result in EBITDA leverage of about 4.9x and about $150 million of annual interest expense, constraining the rating. Moderate Leverage and Solid Liquidity: Ryan's leverage is consistent with a 'B+' financial profile in the broader business services sector. Pro forma for the Svalner acquisition, EBITDA leverage is expected to be about 4.9x. Fitch expects Ryan's strong growth momentum, solid FCF generation, and relatively stable EBITDA margins to support deleveraging following the transaction. The company's liquidity profile is supported by an undrawn $400 million revolving credit facility and more than $100 million of cash expected at close. Ryan also benefits from a capital-light model and historically strong FCF conversion of about 90%, which supports financial flexibility. Modest Scale Versus Larger Competitors: Ryan operates in a highly competitive tax services market alongside much larger and better-capitalized firms, including the Big Four. While the company has established a leading position in several tax domains and differentiates itself through its tax-only focus, Ryan is smaller in scale and has a narrower service offering than diversified global accounting and consulting firms. Its more limited international footprint and lower brand recognition outside its core markets could constrain expansion abroad. Fitch views Ryan's scale as more comparable to other speculative-grade professional services peers than to the largest global accounting networks. Acquisition-Driven Growth Strategy: Ryan has pursued an active acquisition strategy, completing 44 acquisitions since October 2018 that added more than $606 million of revenue and $183 million of EBITDA. Acquisitions remain an important component of the company's growth strategy, and Fitch expects M&A activity to continue, resulting in ongoing integration risk. Fitch views Ryan's strong cash flow generation as supportive of continued acquisition spending. High Retention Supports Revenue Visibility: While Ryan's success-based tax services can create some revenue variability, demand remains resilient because its services are mission-critical, recurring, and embedded in client operations. Revenue visibility is supported by 103% average net revenue retention from 2023 to 2025 and roughly $5.0 billion of backlog as of March 2026, equal to about 3x annual revenue. Ryan has also delivered more than 34 years of consecutive revenue growth through multiple economic cycles. Diversified Customer Base: Ryan benefits from a highly diversified customer base, with the top five clients accounting for only about 5% of annual revenue and the largest client representing just 1%. The company also has broad end-market exposure including industrials and energy at 20% each, financials at 17%, consumer at 13%, real estate at 11% business services at 7%, and technology at 6%. Fitch views this customer and industry diversification as supportive of revenue stability and as a factor that has helped Ryan sustain growth through multiple economic cycles. Peer Analysis Following the Svalner acquisition, Ryan's EBITDA leverage is expected to increase, although Fitch anticipates leverage will decline over the forecast period. Ryan's operating and credit profiles are consistent with those of other Fitch-rated 'B+' issuers. Fitch compares Ryan LLC to business services companies with similar financial and/or business profile characteristics in a range of industries. Certain attributes are comparable to services companies CohnReznick Advisory LLC (B/Stable), Ellis Aggregator UK LP (B+/Stable), GTCR Everest Borrower, LLC (B+/Stable). Ryan LLC is larger in scale as measured by EBITDA and has higher margins than the peer set. Ryan's EBITDA leverage is largely in line with similarly rated peers. Fitch’s Key Rating-Case Assumptions - Organic revenue growth normalizes from low double digits to mid-single digits; - EBITDA margin sustains at the low 20% level throughout the forecast; - Capital intensity sustains at the single-digit level; - Post-acquisition of Svalner, Fitch assumes $50 million net acquisitions per annum, funded internally; - Normalized FCF of approximately 5%. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): management (bb, Moderate), sector characteristics (bbb-, Lower), market and competitive positioning (bbb-, Moderate), diversification and asset quality (bbb-, Moderate), company operational characteristics (bbb-, Moderate), profitability (bbb+, Moderate), financial structure (b, Higher), and financial flexibility (b, Higher). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. - 'B+' to 'CC' considerations apply in its analysis and have no impact. - The Governance assessment of 'some deficiencies' has no impact. - The Operating Environment assessment of 'aa-' has no impact. - The SCP is 'b+'. To derive the Long-Term IDR: - Fitch made no adjustments to the SCP, resulting in an IDR of 'B+'. Recovery Analysis Going Concern (GC) Approach Fitch's recovery analysis assumes that Ryan would be maximized as a GC rather than liquidated in a post-default scenario, with a GC valuation of approximately $1.65 billion. The GC EBITDA estimate reflects Fitch's view of a sustainable, post-reorganization EBITDA level upon which Fitch bases the enterprise valuation. The recovery analysis envisions a hypothetical scenario where Ryan faced some combination of intense competitive price pressure, cost pressures or change in mix that reduces margins to a point where it becomes difficult for the company to service its obligations and continue to execute its business plan. In such a scenario, Fitch assumes Ryan's GC EBITDA would fall to around $275 million. An enterprise value multiple of 6.0x is applied to the GC EBITDA to calculate a post-reorganization enterprise value. The choice of this multiple considers industry M&A, transactions and trading multiples of comparable industries, and historical bankruptcy case study exit multiples for companies in the telecommunications, media and technology sector where business services companies such as Ryan reside. After deducting 10% for administrative claims this yields approximately $1.48 billion in value available to service debt, leading to good recovery prospects for the $400 million senior secured revolving credit facility (assumed to be fully drawn in a default scenario) and approximately $2.08 billion of senior secured term loans. Ryan's senior secured debts are therefore assigned 'RR3' Recovery Ratings and 'BB-' instrument ratings. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage sustained above 5.0x; - EBITDA margins falling into the high teens on a sustained basis; - EBITDA interest coverage sustained below 2.5x. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - EBITDA leverage sustained below 4.0x; - (CFO-capex)/debt sustained above 5.5%; - Materially improved operating profile as evidenced by greater than projected organic revenue growth, a substantial increase in EBITDA scale and stronger FCF generation; - Greater conviction around large acquisition integrations including tangible cost synergies and improvements to FCF. Liquidity and Debt Structure Ryan's liquidity profile is supported by an undrawn $400 million revolving credit facility and more than $100 million of cash expected at close. The company also benefits from a capital-light business model and historically strong FCF conversion of about 90%, supporting solid financial flexibility and FCF margins of around 7.5%. Scheduled debt amortization is minimal at roughly $25 million annually, with the term loan maturing in 2032. Fitch expects primary cash uses, including acquisitions and interest expense, to be funded through internal cash flow generation. Issuer Profile Ryan is a private equity-backed tax services and software provider headquartered in Plano, TX. Date of Relevant Committee June 30, 2026 MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for Ryan. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery ----------- ------ -------- Ryan, LLC LT IDR B+ New Rating senior secured LT BB- New Rating RR3 Ryan NL Cooperatie U.A. LT IDR B+ New Rating senior secured LT BB- New Rating RR3 SAFECO CONSTRUCTION: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------------ On July 10, 2026, Safeco Construction Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $1 million and $10 million in liabilities, between $100,000 and $500,000 in assets, and 1–49 creditors. The debtor is required to submit the Chapter 11 Plan and Disclosure Statement no later than November 9, 2026. About Safeco Construction Corp. Safeco Construction Corp. is a Staten Island, New York-based commercial and institutional building construction company. The firm specializes in municipal infrastructure projects, including pedestrian ramp installations, trench restoration, and other public works projects for city agencies. As of 2026, the company remained a certified Disadvantaged Business Enterprise (DBE) under the New York State Unified Certification Program. Safeco Construction Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43353) on July 10, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable Jil Mazer-Marino is presiding over the case. The debtor is represented by Vivian M. Williams, Esq., of VMW Law PC. SAI BHOLE-NATH: Hires Hilco Real Estate as Real Estate Agent ------------------------------------------------------------ Sai Bhole-Nath Hotels, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Hilco Real Estate, LLC as real estate agent. The firm will market and sell the Debtors' real property located at 601 Avenue Q, Lubbock, Texas 79401. The firm will be paid as follows: a. Fee: A commission of five (5.00%) of the Gross Sale Proceeds. For purposes hereof, "Gross Sale Proceeds" shall mean the aggregate cash and non-cash consideration received by the Debtor in consideration of the applicable Property. The value of non-cash consideration paid for the Property shall be determined by mutual agreement between Hilco and the Debtor. If title to the Property is transferred or conveyed to the senior secured creditor on account of its credit bid, deed in lieu, or other method, Hilco shall earn a fee of two percent (2%) of the credit bid amount, plus reimbursement of out-of-pocket marketing expenses capped at thirty thousand dollars ($30,000). This fee shall be paid by the senior secured creditor concurrently with their obtainment of title. b. Costs: The Debtor shall reimburse Hilco for all reasonable and customary Reimbursable Expenses (as defined below) incurred in connection with the performance of the services proposed hereunder, for which Hilco and the Debtor shall agree on a proposed budget; provided, further, that such reimbursement obligation shall be capped at $30,000. In addition to any other fees due hereunder, the Reimbursable Expenses shall become due and payable (i) at the closing of the sale of the Property to a third party, including a sale to a lender successfully credit bidding on the Property, (ii) in the event the Property does not sell during the term of the Agreement, upon the expiration of the term, (iii) in the event the auction is cancelled, on the date the auction was scheduled to occur, or (iv) upon the termination of the Agreement for cause, or (v) if incurred after the occurrence of (i) through (iv) above, within ten (10) days of written request from Hilco. "Reimbursable Expenses" means all out-of-pocket expenses incurred in connection with performance of the contemplated services, including, without limitation: reasonable expenses of marketing, advertising, economy travel and transportation, as well as reasonable attorney's fees and costs incurred in connection with Hilco's retention in a bankruptcy matter or in responding on a subpoena, deposition, or similar directive relating to Debtor or this matter, not to exceed $30,000. Mr. Kaup disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Eric Kaup Hilco Real Estate, LLC 5 Revere Drive, Suite 206 Northbrook, IL 60062 Tel: (847) 504-2462 Fax: (847) 897-0874 Email: ekaup@hilcoglobal.com About Sai Bhole-Nath Hotels, Inc. Sai Bhole-Nath Hotels, Inc., a Georgia corporation founded in 2015 by Chetan "Chaz" Patel and Bhartiben "Bharti" Patel, operates the Baymont by Wyndham Lubbock - Downtown Civic Center in Lubbock, Texas. The 138-room limited-service hotel features an outdoor pool, business center, and parking, and was acquired in 2019 for approximately $4.8 million. Sai Krupa Hospitality, LLC, a Texas limited liability company formed in 2020 with Chetan Patel as manager, owns the La Quinta In by Wyndham and Conference Center San Angelo. The 173-room limited-service hotel, located near Angelo State University, includes a pool, meeting facilities, and daily breakfast, and was purchased in 2021 for approximately $4.8 million. Sai Krupa Hospitality, LLC and Sai Shyam Hotels, LLC, a Texas limited liability company formed in 2021 with Chetan Patel as manager, operates the Motel 6 San Angelo Texas. The 98-room limited-service hotel offers an outdoor pool, Wi-Fi, and guest laundry, and was acquired in 2021 for approximately $2.8 million. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case 25-50333) on December 1, 2025. At the time of the filing, Sai Bhole-Nath Hotels disclosed $4,301,544 in total assets and $2,999,222 in total liabilities. Ferguson Braswell Fraser Kubasta, PC represents the Debtor as legal counsel. SCHRAPPER'S FINE: Seeks to Hire Zeichman Law as Counsel ------------------------------------------------------- Schrapper's Fine Cabinetry & Design LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Zeichman Law as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the Rules of the Court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiations with creditors in the preparation of a plan. The firm will be paid at these hourly rates: Thomas Zeichman, Attorney $500 Associates $300 Paralegals $195 In addition, the firm will seek reimbursement for expenses incurred. The firm will be paid a retainer of $25,000. Mr. Zeichman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas G. Zeichman, Esq. Zeichman Law 2385 N.W. Executive Center Drive, Suite 300 Boca Raton, FL 33431 Email: Tom@zeichmanlaw.com About Schrapper's Fine Cabinetry & Design LLC Schrapper'S Fine Cabinetry & Design, LLC is a Jupiter, Florida-based cabinetry design and installation company that provides custom kitchen cabinets, bathroom vanities, closet systems, outdoor kitchen cabinetry, home office built-ins and other storage solutions for residential customers in Palm Beach and Martin counties. Schrapper'S filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17649) on June 11, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. James Smith, manager, signed the petition. Judge Mindy A Mora oversees the case. Thomas Zeichman, Esq., at Zeichman Law represents the Debtor as bankruptcy counsel. SEBA ABODE: Hires First Choice Business Brokers as Broker --------------------------------------------------------- Seba Abode, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ First Choice Business Brokers Pittsburgh as broker. The firm will market and sell the Debtor's real properties located at Southeast and Erie, Pennsylvania. The firm will be paid a commission of 10 percent of the sale proceeds, or $15,000, whichever is greater. Mr. Meister 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: Samuel Meister First Choice Business Brokers Pittsburgh 322 North Shore Drive Bldg 1B Suite 200 Pittsburgh, PA 15212 Tel: (412) 406-6281 About Seba Abode, Inc. Seba Abode Inc. operating as BrightStar Care, a home health care services provider in Pittsburgh, Pennsylvania. Seba Abode Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-21000) on April 18, 2025. In its petition, the Debtor estimated assets up to $50,000 and estimated liabilities between $100,000 and $500,000. The Debtor is represented by David L. Fuchs, Esq. at Fuchs Law Office, LLC. SHALEPUMPS LLC: Hires Vartabedian Katz Hester as Counsel -------------------------------------------------------- Shalepumps, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Vartabedian Katz Hester & Haynes LLP as counsel. The firm's services include: (a) advising the Debtor of its rights, powers and duties as debtor and debtor - in-possession continuing to operate and manage their businesses and assets; (b) advising the Debtor concerning, and assisting in the negotiation and documentation of, agreements, debt restructurings, and related transactions; (c) reviewing the nature and validity of liens asserted against the properties of the Debtor and advising the Debtor concerning the enforceability of such liens; (d) advising the Debtor concerning the actions that they might take to collect and to recover property for the benefit of the Debtor's estates; (e) preparing on behalf of the Debtor all necessary and appropriate applications, motions, pleadings, proposed orders, notices, schedules and other documents, and reviewing all financial and other reports to be filed in this chapter 11 case; (f) advising the Debtor concerning, and preparing responses to, applications, motions, pleadings, notices and other papers that may be filed and served in these chapter 11 cases; (g) counseling the Debtor in connection with the formulation, negotiation and promulgation of one or more plans of reorganization and related documents; (h) performing all other legal services for and on behalf of the Debtor that may be necessary or appropriate in the administration of these chapter 11 cases or in the conduct of the bankruptcy cases and the Debtor's businesses; and (i) providing all such other legal services as may be necessary or appropriate in connection with these bankruptcy cases. The firm will be paid at these rates: J. Robert Forshey $725 per hour Other Firm Attorneys $515 - $1,150 per hour Paralegal/Legal Assistant $245 - $295 per hour The Debtor paid the firm a retainer in the amount of $25,000 on June 1, 2026. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ms. Forshey disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: J. Robert Forshey, Esq. Vartabedian Katz Hester & Haynes LLP 301 Commerce Street, Suite 2200 Fort Worth, TX 76102 Tel: (817) 214-4990 Email: bobby.forshey@vkhh.com About Shalepumps, LLC Shalepumps, LLC manufactures oil-and-gas completion equipment, including frac pumps, drilling mud pumps, well-service pumps, horizontal directional drilling pumps, mud pump fluid end modules and related powered packages. Founded in 2011 and based in Houston, Texas, the company also provides pump testing, fabrication and welding services for frac operators, drilling contractors and well-service companies. Shalepumps, LLC in Houston, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-42521) on June 8, 2026, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Audrey Loweth as independent executor of the Estate of Peyton D. Waters, Deceased, the sole holder of Class A Units in, and Board of Managers of, Shalepumps, LLC. Judge Mark X Mullin oversees the case. VARTABEDIAN KATZ HESTER & HAYENES LLP serve as the Debtor's legal counsel. SIMAD HOLDINGS: Final DIP Hearing Set for July 16 -------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey will hold a hearing on July 16 to consider final approval of SIMAD Holdings Ltd. and its affiliates' request for up to $30 million in debtor-in-possession financing. The proposed DIP financing includes up to $10 million in new money superpriority secured term loans and a $20 million roll-up of pre-petition obligations. Bank of New Hampshire, the SIMAD Debtors' primary pre-petition lender, provides the financing. The SIMAD Debtors previously received interim approval to borrow an initial $2 million in new money DIP loans for immediate operating needs. Upon entry of a final order, the remaining $8 million will become available and up to $20 million of pre-petition obligations will be automatically rolled into DIP loans on a cashless basis. The June 29 interim order granted Bank of New Hampshire valid, nonavoidable, automatically perfected liens on all assets securing the Debtors' DIP obligations and allowed superpriority administrative expense claims, subject to the fee carveout. All outstanding DIP obligations become due and payable upon the earliest of: (i) exactly six months following the initial funding date of the DIP loans; (ii) the formalized closing date of a court-approved sale of all or substantially all corporate assets; (iii) the absolute acceleration of loans or formal facility termination executed by Bank of New Hampshire due to a default; and (iv) the confirmation of a Chapter 11 plan of reorganization or liquidation. DIP financing proceeds and cash collateral may not be used to fund non-loan party entities or non-debtor administrative expenses. Additionally, estate cash, credit facilities, and professional carveouts may not be used to fund discovery, investigations or litigation, challenging the validity, perfection, or priority of Bank of New Hampshire's pre-petition liens. The order is available at http://bankrupt.com/misc/SIMADHoldings_IDIPOrder335.pdf The SIMAD Debtors operate an integrated network of prominent regional summer camps. The physical infrastructure, property tracts, and operational facilities of these active camps serve as the core underlying collateral for the lender. The request for DIP financing was prompted by an acute operational liquidity shortage occurring precisely at the onset of the Debtors' peak seasonal revenue and expense cycle. Summer camp operations demand massive, upfront capital deployment to fund non-negotiable safety and infrastructure requirements. These include medical staffing, specialized camp leadership, extensive food and dining supply networks, educational and recreational programming, and immediate employee payroll. Because young campers are actively arriving at the properties, any localized operational stoppage or vendor disruption would completely collapse the enterprise value, invite catastrophic reputational ruin, and immediately jeopardize the health, safety, and welfare of the children. The primary camp assets tied directly to this financing infrastructure include Indian Acres Camp for Boys & Forest Acres Camp for Girls; Camp Med-O-Lark; New England Golf & Tennis Camp; Camp North Star; Camp Waukeela; Camp Wekeela; and Windsor Mountain Summer Camp. To address its liquidity crisis, the SIMAD Debtors negotiated at arm's length with Bank of New Hampshire to establish a debtor-in-possession credit facility. The June 27 DIP Term Sheet provides for a senior secured, priming DIP facility of up to $30 million, structured in two tranches. One tranche provides new-money financing to support the Debtors' immediate operating needs. Bank of New Hampshire, as DIP lender, is represented by: Kaitlin R. Walsh, Esq. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. 919 Third Avenue New York, NY 10022 Telephone: (212) 935-3000 KRWalsh@mintz.com About SIMAD Holdings Ltd. SIMAD owns and operates a portfolio of 30-day and sleepaway summer camps located primarily in the eastern United States, including New Jersey, New York, Maine, and Pennsylvania. Operating in the summer camp sector since 2006, the company's camps generally run from June through August and enroll approximately 20,500 children annually. SIMAD's camps offer programs across sports, academics, arts, technology, and religion, with each camp separately branded and independently operated through its own management, staff, accounting, and operational infrastructure. SIMAD Holdings Ltd sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16388) on June 4, 2026. In their petitions, the Debtors reported estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. Assaf Ravid, chief restructuring officer, signed the petitions. The Debtors' Restructuring & Bankruptcy Counsel is Cole Schotz P.C. Their financial advisor and investment banker is B. Riley Securities, Inc. The Debtors' claims and noticing agent is Kroll Restructuring Administration LLC. Counsel to the Operators Bid Group: Bennett S. Silverberg, Esq. BROWN RUDNICK, LLP 7 Times Square New York, NY 10036 Tel: (212) 219-4800 bsilverberg@brownrudnick.com - and - Tristan Axelrod, Esq. BROWN RUDNICK, LLP One Financial Center Boston, MA 02111 Tel: (617) 856-8300 taxelrod@brownrudnick.com - and - Robert M. Hirsh, Esq. James A. Copeland, Esq. NORTON ROSE FULBRIGHT US LLP 1301 Avenue of the Americas New York, NY 10019 Tel: (212) 318-3000 robert.hirsh@nortonrosefulbright.com james.copeland@nortonrosefulbright.com - and - Timothy W. Walsh, Esq. STEPTOE LLP 1114 Avenue of the Americas New York, NY 10036 Tel: (212) 506-3900 twwalsh@steptoe.com SIMPSON TACOMA: Hires Mr. Weiss of Force Ten Advisors as CRO ------------------------------------------------------------ Simpson Tacoma Kraft Company, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Brian Weiss of Force Ten Advisors, LLC as chief restructuring advisor. The firm's services include: (i) investigate and evaluate prepetition transfers involving the Debtor's direct parent and other insiders and affiliates; (ii) evaluate and reconcile the claims filed by and against the Debtor; and (iii) assist in the formulation, negotiation, and confirmation of a chapter 11 plan. The firm will be paid at these rates: Partners $895 to $995 per hour Managing Directors/Directors $595 to $795 per hour Managers/Senior Associates/Analysts $395 to $595 per hour Staffs $295 to $395 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Weiss 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 Weiss Force Ten Advisors, LLC 5271 California Ave., Ste. 270 Irvine, CA 92617 Telephone: (949) 357-2360 About Simpson Tacoma Kraft Company, LLC Simpson Tacoma Kraft Company LLC is a Seattle-based paper and packaging company associated with a Tacoma, Washington, mill that manufactured kraft pulp, linerboard, and related packaging materials. The company's operations included recycling waste paper and boxes into packaging paper and supporting mill production through biomass-powered boilers. Simpson Tacoma Kraft Company, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Washington Case No. 26-11643-CMA) on May 15, 2026. At the time of filing, the Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $10,000,001 to $50 million. DBS Law is Debtor's proposed legal counsel. SISTERS OF SAINT ANN: Court OKs Interim DIP Loan From Citizens Bank ------------------------------------------------------------------- The Sisters of Saint Ann, Inc., doing business as Anna Maria College, received interim approval from the U.S. Bankruptcy Court for the District of Massachusetts to obtain debtor-in-possession financing to get through bankruptcy. The interim order, signed by Judge Elizabeth Katz, authorized the Debtor to obtain an initial $1 million from Citizens Bank, N.A., which has committed to provide up to $3 million in senior secured, superpriority DIP credit facility. The remaining amount will be available upon entry of a final order. The loan bears interest at the Daily Simple SOFR rate plus 7% per annum, increasing by 5% upon default, and matures on the earliest of Oct. 31, plan confirmation, or consummation of the asset sales. To secure this financing, Citizens Bank will be granted automatically perfected, senior post-petition security interests in substantially all of the college's assets, excluding donor-restricted funds, and superpriority administrative expense claims. This DIP facility effectively "primes" or takes senior priority over the college's existing pre-petition debt. The Debtor will use the initial loan to fund operational and wind-down expenses according to a strictly negotiated weekly budget. The Debtor made the decision to wind down its non-profit operations and close the college following the graduation of the Class of 2026 in May. Its Chapter 11 filing is structurally designed to facilitate an orderly marketing and sale of the college's valuable 261.75-acre real estate portfolio to maximize recovery for its creditors. Because the college completely exhausted its unrestricted cash assets to maintain operations through the end of the 2025-2026 academic year, it entered bankruptcy with minimal cash on hand. Prior to the bankruptcy filing, the Debtor's primary secured debt arose from a 2017 loan agreement representing the proceeds of Massachusetts Development Finance Agency bonds originally valued at $24.5 million. As of the petition date, the outstanding principal on these pre-petition bond obligations totaled no less than $17.8 million, owed to Citizens Funding Corp. (as purchaser) and Citizens Bank (as disbursing agent). This pre-petition debt is secured by a first-priority lien on the campus real estate and general corporate assets. To facilitate the bankruptcy transition, Citizens Funding and Citizens Bank, as pre-petition secured creditors, have formally consented to the subordination of their liens to the new DIP facility and has authorized the college's use of its cash collateral. In exchange for this subordination and the ongoing use of its collateral, the pre-petition secured creditors will be granted adequate protection through replacement liens and superpriority claims tailored to protect against any actual diminution in asset value during the bankruptcy case, alongside the continuous monthly accrual of unpaid interest and fees at the non-default contract rate. The Debtor details several historic, expired, or disputed third-party claims against the college's property that the Debtor argued are invalid or subordinate to the primary bond liens: 1. Federal Grant Interest: A Notice of Federal Interest tied to a 2023 construction grant for Miriam Hall was never recorded, leaving the prepetition bank mortgage as the senior lien. 2. Siemens Equipment Lien: A 2010 energy efficiency equipment lien held by Siemens Public, Inc. has been fully paid off, and its UCC-1 financing statement has lapsed. 3. Mechanics' Lien: A $32,966 mechanics' lien asserted by Bowdoin Construction Corp. in May 2026 is actively disputed by the College as legally untimely. 4. Property Injunction: A state court temporary restraining order obtained by adjacent landholders (the Roys) claiming an oral right of first refusal on a two-acre parcel is currently stayed by the bankruptcy filing; the College intends to sell the property free and clear of this claim, transferring any disputed interest to the sale proceeds. 5. Equipment Lease: A protective equipment lien filed by First American Commercial Bancorp, Inc. has expired following the natural termination of the underlying lease. The interim order is available at http://bankrupt.com/misc/SistersofSaintAnn_IDIPOrder56.pdf The court scheduled a final hearing for July 23. Objections to final approval of the DIP financing must be filed no later than five days before the final hearing. About Sisters of Saint Ann Inc. The Sisters of Saint Ann Inc., doing business as Anna Maria College, is a private Catholic liberal arts college located in Paxton, Massachusetts. Sisters of Saint Ann sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40758) on June 26, 2026. In its petition, the Debtor reported both assets and liabilities at $10 million to $50 million. The Debtor is represented by John J. Monaghan, Esq., at Holland & Knight. Citizens Bank, N.A., as DIP lender, is represented by: Jonathan D. Marshall, Esq. Choate Hall & Stewart, LLP Two International Place Boston, MA 02110 Telephone: (617) 248-4799 jmarshall@choate.com SMILES DENTISTRY: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Smiles Dentistry, PA received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral for court-approved payments, current operating expenses contained in its budget (with a 10% variance for each budget line item), and any additional expenditures approved by Bank of America, N.A. This authorization remains effective through Aug. 12, unless extended by agreement or court approval. The operating budget projects total monthly operational expenses of $8,351.56. Based on this budget, the Debtor expects to maintain positive cash flow during the interim period, supporting its position that Bank of America's interests will not be impaired. Bank of America asserts interests in the Debtor's cash collateral, which consists of cash on hand and future operating receipts. As adequate protection, Bank of America will receive a replacement lien on post-petition cash collateral and its proceeds, with the same validity, extent, and priority as its valid pre-petition lien. Additional safeguards include maintaining insurance coverage in accordance with the bank's loan and security agreements with the Debtor. The order reserves the bank's right to seek additional or different forms of adequate protection, including periodic cash payments, at the continued hearing. The interim order is available at https://urlcurt.com/u?l=dnRzsh from PacerMonitor.com. The next hearing is scheduled for Aug. 12. Smiles Dentistry's bankruptcy filing followed mounting financial challenges caused by rising operating and payroll costs, equipment financing obligations, limited insurance reimbursement rates, declining cash flow, and increasing overhead expenses. Despite attempts to improve operations, increase revenue, reduce expenses, and restructure debt, the Debtor determined that Chapter 11 protection was necessary to continue operating. About Smiles Dentistry PA Smiles Dentistry, PA, a Florida corporation established in 2024, operates a dental office in Lake Worth, Florida, under the ownership and management of Dr. Luz A. Ospina, its sole shareholder and licensed dentist. Smiles Dentistry sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18509) on June 29, 2026, with assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. Luz Aida Ospina, president of Smiles Dentistry, signed the petition. Judge Scott M. Grossman oversees the case. Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine, LLP, represents the Debtor as legal counsel. SMITH & SON HOSPITALITY: Seeks Subchapter V Bankruptcy in Florida ----------------------------------------------------------------- On July 9, 2026, Smith & Son Hospitality LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to the court filing, the debtor reports estimated liabilities of $1 million to $10 million and between 1 and 49 creditors. The U.S. Trustee has scheduled the Section 341 Meeting of Creditors for August 5, 2026, at 10:00 a.m. The meeting will be held by telephone through the U.S. Trustee – Tampa/Fort Myers, as reflected in the filed notice. About Smith & Son Hospitality LLC Smith & Son Hospitality LLC is a St. Petersburg, Florida-based full-service restaurant and bar operator. The company operates a dining establishment located on the second floor of the Albert Whitted Airport terminal and provides food and beverage services. The business secured a five-year lease renewal for its airport location in October 2024 and continued operating at the time of its bankruptcy filing. Smith & Son Hospitality LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05988) on July 9, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The debtor is represented by Kevin Comer, Esq., of Comer Law Firm. SNEAKER CITY: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- Daniel Kline of The Street reports that A Sneaker City Albany Inc., the operating entity behind the asneakercity.com retail chain, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of New York. The company filed its petition on July 10, 2026 (Case No. 26-10773), reporting $47,636 in assets and approximately $2.38 million in liabilities. Despite the filing, the company's website and its Albany retail location remain operational. Court records indicate the bankruptcy filing does not involve the entire A Sneaker City chain. Instead, it concerns the Albany-based entity, which previously owned or guaranteed leases for several affiliated stores. Schedule H identifies affiliated locations in Charlotte, Chicago, Dadeland, Dallas, and Newport as defunct, while Houston and Tampa are listed as related entities. The filing suggests the Albany company remained responsible for lease guarantees after many sister stores closed. The majority of the company's debt stems from lease obligations rather than merchandise suppliers. Among the largest claims are Roosevelt Field LLC ($970,657, disputed), Mall at Concord Mills ($606,200), Woodfield Mall ($256,299), Mall of Georgia ($168,251), Newport Centre ($111,756), Grapevine Mills ($92,701), and Florida Mall ($66,518). At the time of filing, four landlord lawsuits were pending, including an eviction action involving the Woodfield Mall location, the report relays. Financial records show declining revenue, falling from $479,000 in 2025 to approximately $162,000 in 2026 before the bankruptcy filing. Most of the company's reported assets consist of approximately $42,500 in inventory at liquidation value. The business, founded in 2018 and describing itself as a destination for exclusive sneakers and streetwear, is owned by Brandon Gutierrez and represented in the bankruptcy case by Boyle Legal LLC, according to report. About A Sneaker City Albany Inc. A Sneaker City Albany Inc. is a specialty footwear and apparel retailer headquartered in Albany, New York. The company sells athletic shoes, sneakers, sportswear, and fashion accessories from nationally recognized brands through its retail operations. A Sneaker City Albany Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-10773) on July 10, 2026. In its petition, the Debtor reports $47,636 in assets and approximately $2.38 million in liabilities. Honorable Bankruptcy Judge Patrick G. Radel handles the case. The Debtor is represented by Michael Leo Boyle, Esq. of Boyle Legal, LLC. SOUTH FLORIDA PULMONARY: Ongoing Operations to Fund Plan -------------------------------------------------------- South Florida Pulmonary Critical Care, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Florida an Amended Subchapter V Plan of Reorganization dated July 3, 2026. The Debtor is a medical provider for individuals with critical care pulmonary needs. The Debtor is a limited liability company in a family of companies whose sole member is Pulmonary Physicians of South Florida, LLC ("PPFS"). PPFS is the proverbial hub in the wheel of the operations and is the parent of the Debtor. Each physician group is its own care center ("Care Center") and is an independent contractor pursuant to their respective service provider agreements with PPSF. The Debtor filed for reorganization due to a confluence of issues. The Debtor was unable to pay its debts as they came due and had difficulty paying all ongoing obligations over the past year. Each of the Doctors is a claimant in the case as a result of operational cash flow deficiencies. To make matters worse, the Debtor faced litigation with the Judgement Creditors. On the Petition Date, the Debtor leased the space located at15955 SW 96th Street, Suite 306, Miami, Florida 33196. The Debtor also pays for leased space at 8600 SW 92nd Street, Suite, 204B and 202, Miami, Florida 33156. The Debtor has rejected the second lease and entered into a new, smaller lease to reduce operating costs. The Debtor has completed assumption of its other lease. Class 4 consists of General Unsecured Claims. Each holder of an Allowed non priority general unsecured claim against the Debtor shall receive payments of Projected Disposable Income, which shall be made semi annually on the first day of January and June of each calendar year beginning on June 1, 2026. If the Plan is not confirmed before such time, the first payment shall commence on January 1, 2027. Class 4 is impaired and entitled to vote. Class 4 will receive a total of $30,000 over the Plan period. Class 1, Class 2, and Class 3 Claimants agreed to waive unsecured distributions of their bifurcated Class 1, Class 2, and Class 3 Claims. Class 5 consists of all equity interests in the Debtor, which is owned by Pulmonary Physicians of South Florida, LLC ("PPSF"). PPSF shall retain its equity interests as sole member of the Debtor post confirmation. Class 5 is not impaired or entitled to vote. The Debtor's Plan will be funded through ongoing operations of the Debtor and payment of Allowed Secured Claims to Allowed Secured Claimants, and Projected Disposable Income to Allowed General Unsecured Claimants. All remaining Allowed Claims not otherwise paid during the Debtor's confirmed Plan will be discharged pursuant to Section 1192 or Section 1141(d) of the Bankruptcy Code after the 5-year plan term. Payments will be made semi annually on the first day of January and June of each calendar year, however if this Plan is confirmed on July 8, the first payment shall be made in September of 2026, and the regular Plan payments shall resume in January of 2027. If the Plan is not confirmed before such time, the first payment shall commence on January 1, 2027. All Cash required for payments to be made under the Plan on and after the Effective Date shall be obtained from: (a) Cash on hand at the time of the Effective Date (b) Cash collected on and after the Effective Date from accrued and future asset Management Fees during the three-year plan period, and (c) proceeds from any avoidance or other Cause of Actions. A full-text copy of the Amended Plan dated July 3, 2026 is available at https://urlcurt.com/u?l=W0sJZJ from PacerMonitor.com at no charge. Counsel to the Debtor: Thomas Messana, Esq. Megan W. Murray, Esq. Underwood Murray, PA 100 N. Tampa, Suite 2325 Tampa, FL 33602 Telephone: (813) 540-8401 E-mail: tmessana@underwoodmurray.com About South Florida Pulmonary South Florida Pulmonary & Critical Care, LLC, is a medical provider for individuals with critical care pulmonary needs. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10131) on Jan. 7, 2026, listing between $1 million and $10 million in assets and liabilities. Carol Fox of GlassRatner was named as Subchapter V trustee. Judge Corali Lopez-Castro presides over the case. Megan W. Murray, at Underwood Murray, P.A., is serving as the Debtor's legal counsel. SPINNAKER VERO: Hires Kelley Kaplan Delaney as Counsel ------------------------------------------------------ Spinnaker Vero, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Kelley Kaplan Delaney & Eller, PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these rates: Attorneys $650 per hour Paralegals $195 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $22,500, for each Debtor. In addition to the retainer, the Debtor has agreed to pay the sum of $5,000 per month during the pendency of the case as a post-petition retainer toward future fees. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Spinnaker Vero Inc. Spinnaker Vero, Inc., doing business as Minuteman Press, operates a Vero Beach, Florida-based Minuteman Press International franchise that provides printing, copying, graphic design, signs, banners, promotional products and related marketing services to businesses, organizations and individual customers. Spinnaker Vero and affiliates -- Spinnaker PSL, Inc., Spinnaker Jupiter, Inc. and Spinnaker Melbourne, Inc. -- filed Chapter 11 petitions (Bankr. S.D. Fla. Lead Case No. 26-17019) on May 28, 2026. Steven Brunk, president of Spinnaker Vero, signed the petitions. At the time of the filing, Spinnaker Vero disclosed $377,280 in assets and $5,392,972 in liabilities. Judge Mindy A. Mora oversees the cases. Dana Kaplan, Esq., at Kelley Kaplan Delaney & Eller, PLLC, represents the Debtors as legal counsel. ST DESIGN: Starts Chapter 11 Bankruptcy with $1MM Secured Debt -------------------------------------------------------------- On July 9, 2026, ST Design and Development, 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 $1 million and $10 million in liabilities, between $0 and $50,000 in assets, and 1–49 creditors. About ST Design and Development, LLC ST Design and Development, LLC is a Los Angeles, California-based real estate property ownership and management company. The company operates as a single-asset real estate (SARE) business, focusing on the ownership, management, and administration of investment real estate assets. ST Design and Development, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16858) on July 9, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $1 million to $10 million. Honorable Vincent P. Zurzolo is presiding over the case. The debtor is represented by Michael R. Totaro, Esq., of Totaro & Shanahan, LLP. STANLEY J. BERKE: Seeks Subchapter V Bankruptcy in New York ----------------------------------------------------------- On July 9, 2026, Stanley J. Berke M.D. P.C. 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 $100,000 and $500,000 in liabilities, between $100,000 and $500,000 in assets, and 1–49 creditors. The Small Business Subchapter V Statement of Operations and Subchapter V Tax Return are both due on July 16, 2026. The Small Business Subchapter V Statement of Operations and Subchapter V Tax Return are both due on July 16, 2026. About Stanley J. Berke M.D. P.C. Stanley J. Berke M.D. P.C. is a Westbury, New York-based ophthalmology medical practice operating under the trade name Berke Eye Care. The practice provides comprehensive ophthalmic services, including medical eye care, vision treatment, and specialized ophthalmology services from its primary office in Syosset, New York. Historically, the practice has maintained affiliations with Long Island Jewish Medical Center and Syosset Hospital. Stanley J. Berke M.D. P.C. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-72750) on July 9, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $100,000 to $500,000. Honorable Sheryl P. Giugliano is presiding over the case. The debtor is represented by Heath S. Berger, Esq., of BFSNG Law Group, LLP. STUDIO 22 FITNESS: Mark Schlant Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 2 appointed Mark Schlant, Esq., at Zdarsky, Sawicki & Agostinelli, LLP as Subchapter V trustee for Studio 22 Fitness, Inc. Mr. Schlant will be paid an hourly fee of $320 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schlant declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark J. Schlant, Esq. Zdarsky, Sawicki & Agostinelli, LLP 1600 Main Place Tower 350 Main St. Buffalo, NY 14202 Phone: (716) 855-3200 Email: mschlant@zsalawfirm.com About Studio 22 Fitness Inc. Studio 22 Fitness, Inc. operates fitness facilities in Hilton, East Rochester, Oswego, and Warsaw, New York. The company provides gym memberships, 24/7 member access at listed gym locations, group fitness classes, personal training, and program design. Its offerings also include corporate membership options, insurance based membership access, and cardio and strength equipment for members. Studio 22 Fitness sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-20517) on June 30, 2026, with $262,642 in assets and $2,058,718 in liabilities. John R. Nizamis, president of Studio 22 Fitness, signed the petition. Judge Carl L. Bucki presides over the case. David H. Ealy, Esq., Esq., at Cristo Law Group, LLC represents the Debtor as bankruptcy counsel. SUPERIOR STAR: Burger Chain Franchisee Seeks Chapter 11 Bankruptcy ------------------------------------------------------------------ Kirk O'Neil of The Street reports that Superior Star LLC, an operator of Hardee’s restaurants, has filed for Chapter 11 bankruptcy after becoming embroiled in a lender dispute involving millions of dollars. The company said the bankruptcy filing was necessary to obtain protection from creditor lawsuits and other collection efforts while it works on a restructuring plan. The Phoenix-based company filed its case on July 9, 2026 in the U.S. Bankruptcy Court for the Western District of Kentucky. According to court documents, Superior Star reported estimated assets and liabilities ranging from $10 million to $50 million, with a significant portion of the dispute involving a seller note held by Starcorp LLC. Starcorp is listed as the company's largest creditor, with a claim of approximately $7.04 million that Superior Star disputes and believes may be subject to setoff. Other creditors include investment groups, landlords, settlement claimants, and suppliers, including McLane Company Inc., which is owed for food products, the report states Superior Star expanded its Hardee's operations in 2023 after purchasing 93 locations from Starcorp, later reducing its footprint to 59 restaurants in Midwestern states. The filing comes amid broader tensions between Hardee's parent company and some franchisees over unpaid fees, rent obligations, and other financial disputes, according to report. About Superior Star LLC Superior Star LLC is a privately held restaurant franchise company headquartered in Phoenix, Arizona. The company owns and operates Hardee's franchise restaurants and serves customers throughout Midwestern markets through a network of company-managed locations. Superior Star LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-31809) on July 9, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $10 million to $50 million. Honorable Bankruptcy Judge Charles R. Merrill handles the case. The Debtor is represented by Tyler R. Yeager, Esq. of Kaplan Johnson Abate & Bird. TAEHYUN HOLDINGS: Seeks to Extend Plan Exclusivity to Sept. 21 -------------------------------------------------------------- Taehyun Holdings, LLC asked the U.S. Bankruptcy Court for the District of Maryland to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 21 and Nov. 18, 2026, respectively. The Debtor's principal assets are commercial real properties, and the centerpiece of the Debtor's reorganization strategy is the orderly marketing and sale of those properties, with sale proceeds to fund distributions to creditors under a Chapter 11 plan. On June 25, 2026, the Debtor filed its Motion for Entry of an Order (I) Authorizing the Sale of the Georgia Property Free and Clear of Liens, Claims, and Encumbrances Pursuant to Section 363, (II) Approving the Purchase and Sale Agreement, and (III) Granting Related Relief (the "Sale Motion"). Upon the Debtor's emergency motions, the Court shortened the objection deadline to July 7, 2026, and a hearing on the Sale Motion is scheduled for August 6, 2026, at 11:00 a.m. The Debtor states that the outcome and net proceeds of the sale of the Georgia Property will substantially determine the treatment of the secured claims asserted against the estate, including those of ARBA and A & B Capital Investment LLC, and, consequently, the structure, funding, and feasibility of any confirmable Chapter 11 plan. The Debtor explains that it has proceeded in good faith at every stage of this involuntary case. It promptly answered the involuntary petition, completed all required filings, attended and concluded the Section 341 of the Bankruptcy Code meeting, retained estate professionals, defended the estate against premature stay-relief litigation, preserved insurance coverage on estate assets, and, most significantly, brought a value-maximizing sale of the Georgia Property before this Court on an expedited basis. The Debtor claims that a Chapter 11 plan filed before the disposition of the Sale Motion would necessarily be speculative and would require immediate and substantial amendment once the sale results are known. The hearing on the Sale Motion is set for August 6, 2026, with closing to follow promptly thereafter if approved. The Debtor asserts that a short extension of the plan-related deadlines will permit the Debtor to (i) complete the sale of the Georgia Property and quantify the net proceeds available to the estate; (ii) reconcile filed claims, including the secured claims of ARBA and A & B Capital Investment LLC; (iii) negotiate plan treatment with its principal creditor constituencies; and (iv) prepare a single, coherent plan and disclosure statement grounded in actual, rather than projected, sale results. Granting this relief will conserve estate resources, avoid duplicative drafting and noticing costs, and facilitate an orderly, good-faith reorganization without prejudicing any creditor. Taehyun Holdings, LLC is represented by: Weon Geun Kim, Esq. WEON G. KIM LAW OFFICE 8200 Greensboro Dr., Suite 900 McLean, VA 22102 Telephone: (571) 278-3728 Facsimile: (703) 288-4003 E-mail: jkkchadol99@gmail.com About Taehyun Holdings, LLC Taehyun Holdings, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 25-21244) on December 1, 2025. At the time of the filing, the Debtor's estimated assets and liabilities were not provided in the filing. Honorable Judge Michelle M. Harner oversees the case. Weon G. Kim Law Office is the Debtor's legal counsel. TAI CHEUNG: Hires LaMonica Herbst & Maniscalco as Counsel --------------------------------------------------------- Tai Cheung Realty, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ LaMonica Herbst & Maniscalco, LLP as counsel. The firm's services include: (a) providing legal advice with respect to the Debtor's powers and duties as a debtor in possession in accordance with the provisions of the Bankruptcy Code; (b) preparing, on behalf of the Debtor, all necessary schedules, applications, motions, answers, orders, reports, adversary proceedings and other legal documents required by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure; (c) assisting the Debtor in the development and implementation of a plan of reorganization or liquidation; and (d) performing all other legal services for the Debtor that may be necessary in connection with this Chapter 11 case, including without limitation, in connection with the prosecution and/or defense of any litigation of claims and/or the defense thereof, and any settlements of the foregoing. The firm will be paid at these rates: Partners $725 per hour Associates $475 per hour Paraprofessionals $225 per hour Prior to the Filing Date, the firm was paid the sum of $17,500 as a Retainer, and $1,738 for the filing fee required by the Court. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Adam Wofse, Esq., a partner at LaMonica Herbst & Maniscalco, LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Adam P. Wofse, Esq. Lamonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Telephone: (516) 826-6500 Email: awofse@lhmlawfirm.com About Tai Cheung Realty, Inc. Tai Cheung Realty, Inc. is a real estate investment and property management company engaged in the ownership and operation of commercial and residential real estate assets. The company focuses on real estate development and long-term property holdings. Tai Cheung Realty, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42409) on May 18, 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 Elizabeth S. Stong handles the case. The Debtor is represented by Adam P. Wofse, Esq. of Lamonica Herbst & Maniscalco LLP. TALKING ROCK: ICR Entitled to $13MM of Unpaid Catch Up Payments --------------------------------------------------------------- Judge Daniel P. Collins of the U.S. Bankruptcy Court for the District of Arizona partially granted Inscription Canyon Ranch, L.P.'s motion for summary judgment in the adversary proceeding captioned as INSCRIPTION CANYON RANCH, L.P., Plaintiff, v. TALKING ROCK LAND, LLC, Defendant, Adversary No. 3:25-ap-00137-DPC (D. Ariz.). Inscription Canyon Ranch, L.P. ("ICR") filed a Motion for Summary Judgment and Statement of Facts on its claims against Talking Rock Land, LLC ("Debtor") in this adversary proceeding 3:25-ap-00137-DPC (the "Adversary Proceeding"). In 1999, the Debtor and ICR entered into a contract which governed the transfer, purchase, and development of 3,450 acres of land near Prescott, Arizona. ICR and the Debtor amended the contract many times, including in 2010 when they executed the 2010 Amended and Restated Option Agreement (the "2010 Agreement") and a 2010 Amended and Restated Trust Agreement (the "Master Trust"). The 2010 Agreement describes a system where "lot phases" were converted into junior trusts ("Junior Trusts"). Once lots were placed in a Junior Trust, Debtor would have an obligation to purchase the lots. The 2010 Agreement required Debtor to purchase a minimum number of lots each year during the contract term. Lots purchased by the Debtor were acquired upon satisfaction of specified lot release payments. Failure to purchase the minimum number of lots in a given year resulted in a required catch up payment ("Catch Up Payment") to be made by Debtor in amounts equal to the total price of the lots that should have been purchased. On November 26, 2018, Debtor notified ICR that it would not purchase any more lots (Density Units). ICR, in turn, notified Debtor by a letter dated January 24, 2019, that it remained liable for purchases through 2027 and that Debtor had anticipatorily breached the Contracts (the "Notice of Anticipatory Breach"). ICR's Motion for Summary Judgment ICR's Motion for Summary Judgment argues, Debtor has contractual obligations to ICR, that Debtor breached the Contracts and that, as a consequence, ICR has sustained damages. More specifically, ICR argues Debtor is obligated to make a certain number of lot (Density Unit) purchases each year through December 31, 2027, and that it partially failed to satisfy those obligations for 2019 and that Debtor entirely failed to satisfy its purchase obligations for 2020 through 2024. ICR claims this failure to purchase lots is consistent with Debtor's November 26, 2018 declaration that it would no longer purchase any more lots from the Master Trust or Junior Trusts. ICR contends that, under its Contracts with ICR, Debtor could not simply declare it would be making no further lot purchases because, under its Contracts with ICR, Debtor was to make "Catch Up" payments by January 15 of the years following its failure to make the required lot purchases. ICR claims Debtor has failed to make such Catch Up Payments. It is undisputed that Debtor did not purchase any lots or make Catch Up Payments (or any other payments) to ICR after November 2018. ICR argues that Debtor cannot force ICR to elect its remedies by claiming ICR must act to mitigate its damages through a sale of its contractual rights or a sale of Density Units (lots) to third parties. In any event, ICR argues it could not sell lots to third parties because it does not hold title to the lots in question. ICR claims that its damages total $13,039,757.53 plus interest at 18% per annum from July 15, 2025, until paid. The Court grants summary judgment in favor of ICR on the question of Debtor's contractual obligations to ICR and on Debtor's breach of its contractual obligations to ICR. Summary judgment is granted in favor of ICR in the principal amount of unpaid "Catch Up Payments" through 2022, plus interest from the "due date" of those Catch Up Payments, at the "annualized rate of 18% per annum." A copy of the Court's Order dated July 9, 2026, is available at https://urlcurt.com/u?l=UTQihm from Pacermonitor.com. About Talking Rock Land Talking Rock Land, LLC develops and manages Talking Rock, a private residential community in Prescott, Ariz. The development includes luxury homes, a golf course, and club amenities. Talking Rock Land filed Chapter 11 petition (Bankr. D. Ariz. Case No. 25-03438) on April 18, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. Judge Daniel P. Collins handles the case. The Debtor is represented by Scott B. Cohen, Esq., at Engelman Berger, P.C. TEGETHOFF DEVELOPMENT: Creditors Seek Trustee Appointment --------------------------------------------------------- Natalie Weger of Bloomberg Law reports that the creditors of Tegethoff Development LLC and related debtors are seeking to replace current management oversight with a court-appointed Chapter 11 trustee, citing alleged financial misconduct by the company's owner. The creditors alleged in a filing with the Eastern District of Missouri Bankruptcy Court that Jeffrey Tegethoff was involved in insider transactions, inaccurate reporting, and the improper commingling of assets. They said those issues justify the appointment of a trustee to investigate the company's affairs and oversee the bankruptcy, the report relays. The motion stated that the debtors had acknowledged that Tegethoff disregarded corporate formalities and alleged that his conduct created significant concerns for creditors. The allegations remain disputed, and counsel for the company did not immediately provide a response, according to report. Tegethoff Development was engaged in real estate development activities before seeking Chapter 11 protection. The creditors' request comes as they seek greater control and accountability over the debtor's operations and financial records during the bankruptcy proceedings, according to Bloomberg. About Tegethoff Development LLC Tegethoff Development, LLC is a Midwest-based real estate development company specializing in luxury multifamily, mixed-use, hospitality, and destination developments. Founded and led by Jeff Tegethoff, the company focuses on creating large-scale lifestyle communities and long-term investment properties across Missouri and other Midwestern markets. Tegethoff Development and its affiliates, Tegethoff Development Co., LLC and Pearl Capital Management, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 26-42401) on June 1, 2026. At the time of the filing, Tegethoff Development reported assets of between $50 million and $100 million and liabilities of between $500 million and $1 billion. Robert E. Eggman, Esq., and Samuel S. Brand, Esq., at Carmody MacDonald P.C. serve as the Debtors' legal counsel. TOMATLAN INC: Court Extends Cash Collateral Access to Aug. 12 ------------------------------------------------------------- Tomatlan, Inc. received another extension from the U.S. Bankruptcy Court for the Western District of New York to use cash collateral. At the July 13 hearing, the court extended the Debtor's authority to use cash collateral through Aug. 12 and set a further hearing for Aug. 11. The Debtor previously operated under nine interim cash collateral orders since filing for Chapter 11 protection on July 22 last year. The court determined that the interests of secured creditors are adequately protected and their rights remain unaffected by the Debtor's interim use of their cash collateral. Based on its bankruptcy schedules, Tomatlan holds approximately $55,000 in assets, which are encumbered by various secured claims. KeyBank, N.A. holds a first priority blanket lien based on a line of credit initiated in 2018, with approximately $75,000 currently outstanding. A second lien is held by the U.S. Small Business Administration for around $470,000, related to a COVID-19 disaster recovery loan. In addition to these, the Debtor has financing arrangements with several merchant cash advance lenders including Ready Capital, Can Capital, Rapid Finance, Network Rewards, LG Funding LLC, Highland Hill Capital LLC, and MNY Capital LLC whose collective claims total over $350,000. These lenders have perfected Uniform Commercial Code security interests on various dates between 2018 and 2024, with lien expirations ranging into 2029. About Tomatlan Inc. Tomatlan, Inc. operates Rio Tomatlan, a Mexican restaurant in Canandaigua, New York. The Company specializes in Pacific Coast Mexican cuisine made from scratch using locally sourced, seasonal ingredients. It also offers catering services and private event hosting. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.Y. Case No. 25-20547) on July 22, 2025. In the petition signed by Juan R. Guevara, as president and sole shareholder, the Debtor disclosed $54,732 in total assets and $1,101,411 in total liabilities. Judge Carl L. Bucki oversees the case. Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese & Weishaar, P.C., represents the Debtor as legal counsel. TOYVATION LLC: Commences Chapter 11 Bankruptcy in New York ---------------------------------------------------------- On July 9, 2026, Toyvation LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to the court filing, the debtor reports estimated liabilities of $500,000 to $1 million and between 1 and 49 creditors. The Section 341(a) Meeting of Creditors will be held on August 10, 2026, at 1:00 p.m. by telephone. Participants should dial (888) 330-1716 (U.S. toll-free) or (713) 353-7024 (international) and enter Access Code 6980165. The Chapter 11 plan and disclosure statement must be filed by November 6, 2026. About Toyvation LLC Toyvation LLC is a Brooklyn, New York-based toy and hobby goods merchant wholesaler and retailer. The company markets and distributes toys and novelty products and, as of the petition date, operated from a virtual office in Manhattan with a small workforce. It is best known for its "Dino Blasters" toy brand. Toyvation LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43344) on July 9, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. TRINSEO PLC: Seeks CastleKnight Votes Disqualification ------------------------------------------------------ Natalie Weger of Bloomberg Law reports that Trinseo PLC is seeking to block a major lender from influencing its bankruptcy restructuring after alleging that CastleKnight improperly voted against the company's Chapter 11 plan. The chemical and plastics producer filed a motion asking the Southern District of Texas Bankruptcy Court to reject CastleKnight’s votes, claiming they were cast in bad faith. According to court filings, CastleKnight had previously sued Trinseo over debt restructuring transactions completed before the company sought bankruptcy protection. Trinseo argued that the lender's voting position was part of a broader effort to pressure the company and obtain additional value outside the normal bankruptcy process. The debtor said CastleKnight had adopted a "litigation-first strategy" aimed at securing leverage over other creditors and the bankruptcy estates. Trinseo contends that allowing the votes to stand could disrupt the company’s proposed restructuring and unfairly impact other stakeholders. Trinseo filed for Chapter 11 protection in May after accumulating roughly $2.9 billion in debt. The company is pursuing a financial restructuring designed to strengthen its balance sheet, reduce liabilities, and provide a path toward emergence from bankruptcy, the report states. 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. TWO FISH: Gets Extension to Access Cash Collateral -------------------------------------------------- Two Fish Partners, Inc. received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral. Under the third interim order, the Debtor is authorized to use cash collateral through September 16 to fund operations during the bankruptcy case based on a court-approved budget. This authorization remains in effect until further order of the court. WSFS Bank, the Debtor's primary secured creditor, claims a blanket lien on the Debtor's cash and inventory under a UCC-1 financing statement. The bank is owed approximately $4.28 million, secured by collateral valued at about $851,397, including $55,700 in cash and $795,696 in inventory and equipment. As adequate protection, WSFS Bank will receive automatically perfected post-petition replacement liens on cash collateral, with the same validity, extent, and priority as its pre-petition lien. Additional safeguards include insurance coverage, regular financial reporting, and access to business records and premises upon request. Under the interim order, customers, insurers, and other parties owing money to the Debtor are required to pay the Debtor directly regardless of any pre-petition payment instructions from merchant cash advance lenders. The interim relief is without prejudice to future requests for additional protection, restrictions on cash collateral use, or challenges to lien validity by a creditors' committee. The next hearing is scheduled for Sept. 16. A copy of the court's order and the Debtor's budget is available at https://short.do/85B6hC from PacerMonitor.com. About Two Fish Partners Inc. Two Fish Partners, Inc., doing business as Urban Air Adventure Park, operates a trampoline and indoor adventure park in Fredericksburg, Virginia. The park offers ticketed open play, birthday party services, memberships, and attractions. The Fredericksburg location serves family recreation, kids' birthday parties, and special events. Two Fish Partners sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04729) on June 1, 2026, with between $500,001 and $1 million in assets and between $10 million and $50 million in liabilities. Thomas Whitaker, president of Two Fish Partners, signed the petition. Buddy D. Ford, Esq., at Ford & Semach, P.A., represents the Debtor as legal counsel. U.S. TELEPACIFIC: Seeks $73.6MM DIP Loan From Wilmington -------------------------------------------------------- U.S. TelePacific Corp. asks the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, for authority to use cash collateral and obtain postpetition financing. As a nationwide managed IT services provider delivering connectivity, networking, and cybersecurity solutions to small and mid-sized enterprises, the Debtors entered Chapter 11 following months of proactive stakeholder negotiations and marketing efforts. They commenced their restructuring transactions with robust, near-unanimous lender support under a Restructuring Support Agreement that includes 100% of their Superpriority, Second Lien, and accounts receivable purchasers, 98% of First Lien holders, 88% of Third Lien holders, and their sole equity holder. This broad consensus backs a simultaneously filed joint Chapter 11 plan designed to move expeditiously through bankruptcy and maximize the total recovery value of the estate's assets. The requested DIP Facility outlines an aggregate principal commitment of $73.6 million managed by Wilmington Savings Fund Society, FSB, as the DIP Agent. This total facility is structured as a combination of new money and the refinancing of existing debt. Specifically, certain Prepetition First Lien lenders will provide $20 million in new money term loans, split equally into two $10 million tranches available upon the successive entries of the court's interim and final orders. The remaining $53.4 million consists of "rolled-up" prepetition obligations exchanged on a dollar-for-dollar, cashless basis. Upon entry of the Interim Order, $34.8 million in Prepetition Superpriority Obligations and $13.8 million in Prepetition First Lien Interest Obligations will convert into DIP loans, followed by a final roll-up of $5 millon in Prepetition First Lien Principal Obligations upon entry of the Final Order. The Debtors and their affiliates will jointly and severally guarantee these obligations, utilizing the credit proceeds strictly in accordance with a court-approved DIP budget to maintain baseline business operations. The financial terms and protective legal covenants of the credit agreement are tightly defined through maturity deadlines, interest structures, and comprehensive collateral protections. The DIP Facility carries a scheduled maturity date of December 31, 2026, which can be extended up to three times in three-month increments if the required ad hoc lender group consents. Interest rates vary across the loan categories: new money and rolled-up bridge advances accrue interest at the Secured Overnight Financing Rate plus 1.00% cash and 10.00% paid-in-kind, or an alternate base rate plus 1.00% cash and 9.00% PIK. Rolled-up first-lien interest advances carry a flat 1.00% cash interest rate, while rolled-up first-lien principal advances accrue at SOFR plus 1.00% cash and 7.00% PIK. In the event of a default, principal balances face an immediate 2.00% interest rate premium. The Debtors are required to comply with several milestones. The timeline began with the filing of the Chapter 11 cases on June 29, 2026. Following this kickoff, the Debtors are required to secure the court's entry of the Interim DIP Order within three business days, followed by the Final DIP Order within 35 days of the initial filing. The approval process for the restructuring plan then intensifies, requiring the entry of an order approving the Disclosure Statement within 45 days of the petition date. The final legal hurdle requires the court to enter the Confirmation Order, officially confirming the joint Chapter 11 plan, within 90 days of the case's commencement. To secure this credit, the Debtors are granting the DIP Agent valid, automatically perfected, and non-avoidable first-priority senior security priming liens and superpriority administrative expense claims under 11 U.S.C. sections 364(c) and 364(d). These liens will attach to all unencumbered tangible and intangible property—including cash, inventory, intellectual property, and eventually avoidance proceeds upon the final order—and will explicitly prime all existing prepetition liens and adequate protection liens. The facility's security structure is subordinate only to a carved-out fund for professional fees, permitted prior liens, and designated prepetition accounts receivable agreements. A copy of the motion is available at https://urlcurt.com/u?l=tUOct4 from PacerMonitor.com. About U.S. Telepacific Corp. U.S. Telepacific Corp., doing business as TPx Communications, is an Austin, Texas-based managed communications services provider offering managed IT, unified communications, cybersecurity, networking, internet connectivity, cloud, and voice solutions to businesses across the United States. The company primarily serves small and mid-sized enterprises through a nationwide fiber and IP network, delivering integrated technology and communications services designed to support business operations. U.S. Telepacific Corp. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. 26-90625) on June 28, 2026. In its petition, the Debtor list assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Ishani Patel, Esq. of Sidley Austin LLP. The restructuring team also includes Triple P TRS, LLC and Steven Shenker as financial advisor and chief restructuring officer, PJT Partners, Inc. as investment banker, Katten Muchin Rosenman LLP as special counsel, and Kroll Restructuring Administration LLC as claims agent. UNCLE NEAREST: Running on Borrowed Funds, Time ---------------------------------------------- Duane Cross of Observer reports that the court-appointed receiver overseeing Uncle Nearest says the struggling whiskey company is approaching a potential sale after signing a letter of intent with an undisclosed buyer. Receiver Phillip G. Young Jr. informed the court that negotiations continue on a definitive purchase agreement covering substantially all operating assets, with a proposed transaction expected to be presented within 30 to 60 days. Young has not disclosed the buyer or purchase price but described the deal as sizable and nearing completion. Young's report shows the company remains heavily dependent on outside financing while operating under receivership. Farm Credit Mid-America has provided roughly $4.5 million since August 2025 to fund ongoing operations. Although Uncle Nearest generated millions in quarterly revenue, operating costs, legal fees, and restructuring expenses continued to outpace collections, resulting in additional negative cash flow. According to Young, the company remains insolvent despite significant cost-cutting measures. The receiver also disclosed ongoing investigations involving both federal regulators and his own forensic review. The U.S. Attorney's Office and the Securities and Exchange Commission have requested company records through subpoenas, while Young said preliminary findings indicate possible legal claims against former executives and affiliated entities. Those conclusions have not been tested in court, and no lawsuits had been filed as of the reporting date. Beyond the proposed sale, Young continues working to maximize value by selling nonessential assets, rebuilding incomplete accounting records, resolving long-overdue tax filings, and tightening financial oversight. The receivership has reduced staffing levels, improved collections on outstanding receivables, and continues litigating ownership and operational disputes involving the company's founders. Young believes these efforts will strengthen the business before it is transferred to new ownership. 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. US MEDICAL: Seeks to Hire Ure Law Firm as Bankruptcy Counsel ------------------------------------------------------------ US Medical Supplies, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Ure Law Firm as general bankruptcy counsel. The firm will provide these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code and Bankruptcy Rules relating to the administration of the case and operation of the Debtor's estate as a debtor-in-possession; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) provide legal advice and assistance with respect to the Debtor's powers and duties in the continued operation of the Debtor's business and management of property of the estate; (e) assist in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports, and other legal documents on behalf of the Debtor; (g) assist in the collection of accounts receivable and other claims and resolve claims against the estate; (h) provide advice concerning the claims of secured and unsecured creditors, including prosecution and/or defense of actions; and (i) prepare, negotiate, prosecute, and attain confirmation of a plan of reorganization. The attorney and his law firm staff will be paid at these rates: Thomas B. Ure $495 per hour Associates $395 per hour Law clerks $225 per hour Paralegals $195 per hour The firm received a retainer in the amount of $12,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Thomas B. Ure, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: (213) 202-6070 Email: tom@urelawfirm.com About US Medical Supplies, LLC US Medical Supplies, LLC is a single-asset real estate entity (as defined in 11 U.S.C. Section 101(51B)). US Medical Supplies, LLC in Norwalk, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 26-15508) on June 1, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Ivan Rodriguez as managing member, signed the petition. URE LAW FIRM serve as the Debtor's legal counsel. VALIDUS ENERGY: S&P Assigns 'B' ICR, Outlook Stable --------------------------------------------------- S&P Global Ratings assigned its 'B' issuer credit rating and stable outlook to Denver-based independent oil and natural gas exploration and production company Validus Energy II Midcon LLC, reflecting its scale, commodity diversification, and relatively low leverage, offset by its single-basin concentration, limited record of operations, and financial sponsor owners. S&P assigned its 'B' issue-level rating and '4' recovery rating to the unsecured notes, indicating its expectation of average (30%-50%, rounded estimate: 35%) recovery in a default. The stable outlook reflects expected steadily increased production, benefit from its recently acquired Switchgrass assets, and adequate liquidity. S&P forecasts debt to EBITDA of 1.5x-2x and funds from operations (FFO) to debt over 55% for the next 12 months. Validus announced an offering of $500 million unsecured notes due in 2031. It intends to use the proceeds to repay reserve-based lending (RBL) facility borrowings. The 'B' rating and stable outlook reflect Validus' relatively low leverage. Offsets include its concentration in the Anadarko Basin, limited record of operations, and financial sponsor ownership. S&P said, "We view its narrow geographic footprint and asset concentration as a constraint compared to multi basin producers. Validus' limited operating history, after only acquiring the assets in 2024, also constrains our assessment of its business. We see some operational uncertainty until the company consistently sustains production and executes its drilling and operating plans. Historically, the Anadarko Basin has been challenging due to the deeper, more complex, and less predictable formations that can be more costly to drill compared to other basins with more uniform and predictable formations." Validus has been successful with its data-driven approach for optimal well spacing that is improving well recoveries and more repeatable results than whenthe basin was over drilled with tighter spacing, that delivered lower production and returns on investment. While S&P expects debt to EBITDA of 1.5x-2x and FFO to debt of 50%-55% for the next 12-24 months, its financial assessment is constrained by the company's financial sponsor ownership. This may lessen over time as the sponsors sustain prudent leverage and balance sheet management. In-basin scale, commodity diversity, and parent midstream affiliation are positive factors. Validus is one of the largest in-basin producers, with interest in 542,000 net acres and production scale of roughly 127,000 barrels of oil equivalent (boe) per day for the three months ended March 31, 2026, pro forma for the Switchgrass acquisition. Validus also has good diversity within the Anadarko, spanning the SCOOP (South Central Oklahoma Oil Province) and STACK (Sooner Trend Anadarko Canadian Kingfisher) plays. Its total proved reserves of 807 million boe as of March 31 (based on May 1 New York Mercantile Exchange pricing and Petroleum Resources Management System guidelines), with about 50% (395 million boe) classified as proved developed producing excluding Switchgrass compares favorably with peers rated within the 'B' category. Validus also benefits from a diversified commodity product mix between high-margin liquids and more volatile natural gas. S&P views favorably the company's low decline rate of 25% as of March 31, better than some unconventional-focused peers in the 'B' rating category, somewhat offset by the assets' maturity. Validus' affiliation with Validus Energy II Midstream LLC, a subsidiary owned by its parent, provides benefits such priority access and capacity visibility. This and its proximity to a U.S. Gulf coast natural gas demand center, the oil hub in Cushing, Oklahoma, further provides good access to takeaway capacity for its production. S&P expects predictable, steadily increasing production, and tight cost management. Additionally, Validus' low decline ratio of 25%, robust inventory life of 11.5 years, and strong proved reserves could drive cash flow stability in the next 12 months. With steady production volumes, favorable commodity pricing, prudent risk management through hedging, and sufficient cost control, S&P expects Validus to maintain healthy EBIT (per thousand cubic feet equivalent) of $1.50-$2 through 2027. Validus has pivoted toward drilling fewer wells per section and increasing spacing to achieve more predictable recovery profiles and higher returns on capital. Through advanced technologies, the company has longer laterals and faster drilling cycles, outperforming other operators in the basin. Validus' ground game and ability to consolidate acreage at low cost should support actively replacing inventory. S&P said, "We therefore forecast production volumes in the high-single-digit to low-double-digit range over the next 12-24 months, mainly reflecting organic growth. We anticipate Validus will continue its focus on managing its costs tightly and achieving efficiencies in items such as compression, chemicals, plungers, among others." The company's artificial lift optimization program has increased production and reduced compression costs. Validus will maintain robust credit measures over the next 12 months. S&P said, "However, our financial assessment is constrained by its sponsor ownership for now. Our base case reflects debt to EBITDA of 1.5-2x and FFO to debt of 50%-55% over the next 12-24 months. We expect $400 million-$450 million in capital expenditure (capex) focused on new drilling and well completions, which should support healthy free cash flow of $350 million-$400 million per year over the next 12-24 months. We also believe Validus could pursue small tuck-in acquisitions--like Switchgrass in May 2026--when opportunities arise and are sufficiently accretive to cash flow." S&P said, "We treat Elliott Investment Management L.P. as a financial sponsor because of its 87% ownership stake. The remaining 13% is owned by the Validus management team and other investors. Our financial policy assessment reflects corporate decision-making that could prioritize the interests of controlling owners over those of debtholders." While Elliot's investment horizon is undefined, the limited track record will lead us to assess its approach to discretionary spending, including organic or inorganic growth spending and shareholder returns, alongside leverage of about 1.5x, despite low expected leverage. S&P said, "The stable outlook reflects our view that Validus will increase overall production steadily, with additional benefit from its recently acquired Switchgrass assets while maintaining adequate liquidity. We forecast FFO to debt of over 55% for the next 12 months. "We could lower our rating on Validus if credit measures weaken, such that FFO to debt falls below 30% for a sustained period or liquidity weakens." This would most likely occur if: -- Production falls short of expectations; -- Capex exceeds anticipated amounts; or -- The financial sponsor takes on additional debt to funded discretionary spending such as dividends or acquisitions that do not add to near-term cash flow. While not likely over the near term, S&P could raise its rating on Validus if the company: -- Expands scale by expanding proven reserves and production more in line with higher-rated peers and improves diversity through sustaining its commodity mix or adds additional basins to its footprint; -- Sustains credit measures, including FFO to debt above 45% and positive free operating cash flow. This would most likely occur if the company continues to expand its asset base organically or through prudently funded acquisitions while improving capital efficiency; or -- The financial sponsor maintains a disciplined and prudent financial policy with respect to shareholder returns and leverage for a sustained period. WELLNESS CENTER: Daniel Etlinger Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of Underwood Murray, P.A. as Subchapter V trustee for Wellness Center of Trinity, LLC. Mr. Etlinger 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. Etlinger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Daniel E. Etlinger Underwood Murray, P.A. 100 N. Tampa Street, Suite 2325 Tampa Florida 33602 (813) 540-8401 Email: detlinger@underwoodmurray.com About Wellness Center of Trinity LLC Wellness Center of Trinity, LLC, doing business as The Waverly, operates a Trinity, Florida-based assisted living and memory care facility. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05811) on July 2, 2026, with $1 million to $10 million in both assets and liabilities. Mary A. Burnard, manager, signed the petition. Judge Roberta A. Colton presides over the case. Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler, P.A. represents the Debtor as legal counsel. WEST RIDGE: Amends Piper Entities Secured Claim Details ------------------------------------------------------- West Ridge, Inc., and affiliates submitted a First Amended Combined Plan and Disclosure Statement dated July 3, 2026. On July 2, the Piper Entities expressed their election to treatment of their claims pursuant to Bankruptcy Code section 1111(b) (the "1111(b) Election"). This First Amended Combined Plan and Disclosure Statement accounts for the Piper Entities' 1111(b) Election. The Debtors are of the position that the 1111(b) Election is binding upon the Piper Entities and dispute the Piper Entities' assertions in the 1111(b) Election Notice that they may subsequently revoke the 1111(b) Election. The Debtors also dispute the Piper Entities' assertion of entitlement to post-petition interest, fees, costs and charges because the Piper Entities' Secured Claim is greater than the value of the WRLH Property. The Debtors reserve all rights accordingly. Class 6 consists of Piper Entities Secured Claim. Except to the extent that a Holder of an Allowed Class 6 Claim against a Debtor agrees to a less favorable or different treatment, in full satisfaction, settlement and release of, and in exchange for the Piper Entities Secured Claim, the Debtors shall (1) upon the occurrence of the Effective Date, distribute to the Holder of the Piper Entities Secured Claim a lump sum payment in the amount of $8,207,737.00 (the "Piper Lump Sum Payment"); and (2) distribute to the Holder of the Piper Entities Secured Claim, pursuant to the Amortization Schedule included in the Plan Supplement, deferred cash payments in the allowed amount of the Piper Entities Secured Claim, less the amount of the Piper Lump Sum Payment. For the avoidance of doubt, as a result of the Piper Lump Sum Payment and release of Parcel Nos. 1A1 and 4B1, the remaining present value of the Piper Collateral is $17,927,209.00, and the Amortization Schedule set forth in the Plan Supplement is derived from the reduced value of the remaining Piper Collateral. Upon the occurrence of the Effective Date and payment of the Piper Lump Sum Payment, any liens of the Piper Entities on Parcel Nos. 1A1 and 4B1 shall be deemed satisfied and released in full. As a result of the Piper Entities' 1111(b) Election, the Piper Entities shall hold no Deficiency Claim against any Debtor but shall retain their security interest in the remaining Piper Collateral. Post-Effective Date and during the execution of the Plan, the Debtors will focus on future development and operations of the WestRidge Development, and while continuing such work will seek to satisfy the Debtors' requirements under the Bankruptcy Code. To that end, the Debtors shall be entitled to sell or otherwise transfer (including any Affiliate-related transactions) portions of the Piper Collateral at an appropriate release price amount (such transaction, a "Release Transaction") while continuing to satisfy the continued debt service. In connection with any such Release Transaction, either (1) the Piper Entities' security interest in Piper Collateral, to the extent outstanding, shall extend to the proceeds of sale of such portion of Piper Collateral, or its indubitable equivalent, which the Debtors may provide; or (2) the Debtors may demonstrate that the remaining balance of the Piper Entities Secured Claim following the Release Transaction shall be sufficiently secured by the remaining Piper Collateral and/or any replacement collateral pursuant to Bankruptcy Code section 1129(b)(2)(A). Subsequent determination of the value and appropriate release price for each parcel of Piper Collateral (in order to satisfy the Debtors' obligations under this Plan) shall occur solely based on the valuations that Hilco shall provide on an as-needed basis consistent with the formula used to calculate the Piper Lump Sum Payment amount at Confirmation. Such valuations by Hilco for purposes of determining the appropriate release price shall be calculated at the fair market value of each parcel based on an assumption that parcels shall be sold individually and not as part of a bulk sale. Additionally, this definitive process for establishing appropriate release prices for each parcel of the Piper Collateral is critical to Goldman, BlackRock and Invesco agreeing to make $80 million of financing available to the estate post-bankruptcy. The Debtors must be able to develop these properties as part of their emergence from bankruptcy and satisfying the requirements of Goldman, BlackRock and Invesco in agreeing to provide such financing. Like in the prior iteration of the Plan, the Debtor shall deliver to each Holder of an Allowed Class 8 General Unsecured Trade 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. 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. On May 19, 2026, the StanCorp Debtors filed a certain sale procedures motion, pursuant to which these debtors sought approval of, among other items, bidding procedures for the StanCorp Debtors' Sale of WRCPI, WRCD, and WRCP3 real property. On June 16, 2026, the Court entered an order approving the sale procedures motion and the StanCorp Debtors' bidding procedures (the "Bidding Procedures Order"). Pursuant to the Bidding Procedures Order, a hearing to approve the StanCorp Debtors' Sale of WRCPI, WRCD, and WRCP3 real property will coincide with the Confirmation Hearing, which is currently scheduled for July 27, 2026 at 10:00 a.m. 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. A full-text copy of the First Amended Combined Plan and Disclosure Statement dated July 3, 2026 is available at https://urlcurt.com/u?l=YBIkUq 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, at Campbell & Levine, LLC as bankruptcy counsel, and Barth & Thompson as local counsel. YESCARE CORP: Budget Plan Faces Creditor Pushback ------------------------------------------------- James Nani of Bloomberg Law reports that a committee representing YesCare Corp.'s unsecured creditors is challenging the company's proposed bankruptcy budget, arguing that the plan does not provide enough transparency into how millions of dollars in cash will be spent. The objection focuses on more than $4 million in projected expenditures during the Chapter 11 proceedings. The creditors said the budget calls for labor costs that are more than $3 million higher than previously forecast, creating questions about the need for the additional spending. They argued that some of the money could ultimately benefit an entity controlled by company insiders. According to the objection filed in Florida bankruptcy court, the committee’s concerns involve YesCare's ties to CHS Employee Group LLC and its owner Isaac Lefkowitz, a figure involved with the company’s management and corporate structure. Creditors requested greater oversight of payments involving affiliated parties. YesCare is seeking to reorganize under Chapter 11 while continuing to provide healthcare services to correctional facilities. The budget dispute adds to broader creditor scrutiny over the company's financial practices and use of estate funds during the restructuring, the report states. About YesCare Corp. YesCare Corp. is a correctional healthcare company. YesCare Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01089) on May 8, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Luis Ernesto Rivera II handles the case. The Debtor is represented by Michael R. Dal Lago, Esq. of Dal Lago Law. Polsinelli PC serves as general bankruptcy counsel. The Debtor tapped David Goldwasser of FIA Capital Partners, LLC as financial advisor and Omni Agent Solutions, Inc. as claims agent. ZENITH PROPERTY: Seeks Subchapter V Bankruptcy in New York ---------------------------------------------------------- On July 10, 2026, Zenith Property Mgmt Inc. 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 $500,000 and $1 million in liabilities owed to between 1 and 49 creditors. Deadline to submit the Chapter 11 Subchapter V Plan is October 8, 2026. About Zenith Property Mgmt Inc. Zenith Property Mgmt Inc. is a Bronx, New York-based residential property management and leasing company specializing in the ownership and leasing of residential buildings and dwellings. Managed by Julian Cepeda, the company operates within the Eastern District of New York, including Brooklyn, Queens, and Long Island. The current filing follows the dismissal of a prior Chapter 11 case in December 2025 after the company failed to obtain legal representation required for federal court proceedings. Zenith Property Mgmt Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43358) on July 10, 2026. In its petition, the debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $500,000 to $1 million. Honorable Jil Mazer-Marino handles the case. ********* 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 ***