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260723.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, July 23, 2026, Vol. 30, No. 204 Headlines 202 61ST LLC: Case Summary & One Unsecured Creditors 2315 LOMA: To Hire Jun Ho Lee as Real Estate Appraiser 3030 RIVERBEND: Seeks to Hire Tonkon Torp LLP as Counsel 3CLOGIC INC: Seeks to Hire McNamee Hosea PA as Counsel 4415-4421 NY: Case Summary & One Unsecured Creditor 9501 PROPERTY: Voluntary Chapter 11 Case Summary A LINE BOUTIQUE: Case Summary & 14 Unsecured Creditors A LINE BOUTIQUE: Joli Lofstedt Named Subchapter V Trustee ACADEMIAS LA PAZ: S&P Lowers Lease Revenue Bond Rating to 'BB-' ADDISON DENTAL: Seeks Cash Collateral Access ADVANCED TREATMENT: Gets Extension to Access Cash Collateral ADVISORS GROUP: Seeks to Hire Vilarino & Associates as Counsel AFC ACQUISITION: Court OKs $150,000 Interim DIP Loan From CEO ALBERT CHRISTINE: Voluntary Chapter 11 Case Summary ALEA HOLDINGS: Seeks Chapter 11 Bankruptcy with $280MM Debt ALEA HOLDINGS: To Sell Equity Interest to Undisclosed Buyers ALKEGEN: Seeks New Financing Through Prepackaged Bankruptcy Deal ARCHER MOTORSPORTS: Seeks Continued Cash Collateral Access AVENTIV TECHNOLOGIES: S&P Lowers ICR to 'D' on Distressed Exchange AVIAN PARTNERS: Hires Baniqued Realty as Real Estate Broker BEAR COUNTRY: Gets Interim OK to Use Cash Collateral BERRYMAN HOUSE: Court Stays Appeal in "Raymond" Due to Bankruptcy BETHEL PENTECOSTAL: Hires McNamee Hosea PA as Counsel BLACKBEARD'S TRIPLE: Gets Interim OK to Use Cash Collateral BNL ENTERPRISES: Court OKs Vehicle Sale at Auction CANDY SENSE: Case Summary & 20 Largest Unsecured Creditors CASHCALL INC: Seeks Chapter 11 Bankruptcy in California CENTRAL FLORIDA: To Sell Operating Assets to Highest Bid at Auction COLDWATER MOUNTAIN: Seeks to Hire Long & Upton LLC as Counsel CROSBY MARINE: Wants to Protect CEO from Merchant Cash Lenders DAVID & MEGAN MCARDLE: Confirmation Hearing Scheduled for Sept. 16 DIGGERS EXCAVATION: Gets OK to Use Cash Collateral Until Aug. 31 EMPIRE YORKTOWN: Case Summary & Three Unsecured Creditors FINCH PROPERTY: Gets Interim OK to Use Cash Collateral FREEDOM MORTGAGE: S&P Rates $500MM Senior Unsecured Notes 'B' GABBY INVESTMENT: To Sell Lawrence Property to Marie Rose Previlus GLASS TUNNEL: Case Summary & Four Unsecured Creditors GLOBAL MIDSOUTH: Taps Law Offices of Geno and Steiskal as Counsel H.B. FULLER: S&P Rates Sr. Secured Revolving Credit Facility 'BB+' HEALING WITH CAARE: Gets Extension to Access Cash Collateral HERITAGE GROCERS: Begins Debt Negotations with Creditor Advisers HIGH STREET: Seeks to Hire Rollins Law Firm as Counsel HILL METAL: Gets Interim OK to Use Cash Collateral INOTIV INC: Taps Deloitte Tax as Tax Advisory Services Provider INTEGRATED ENDOSCOPY: Seeks $640,000 DIP Loan From Insiders IRD FUEL: Fuel Cell Maker Seeks Chapter 7 Bankruptcy in New Mexico IVS COMM: Gets Interim OK to Use Cash Collateral J&J HOSPITALITY: Hires Thompson Law Group P.C. as Counsel J-CM Services: Hires The Lane Law Firm as Bankruptcy Counsel JACKSON WALKER: US Trustee Denied Delay in Judge Romance Dispute JAK ENTERPRISES: Gets Extension to Access Cash Collateral JUMP HARLINGEN: To Sell Assets to Multiple Buyers LABFITOUT LLC: Gets Interim OK to Use Cash Collateral Until Aug. 10 LEGAL AND ADMINISTRATIVE: Seeks Chapter 11 Bankruptcy in Florida LINQTO INC: Trustee Faces Suit After Backing Out of Bankruptcy Deal LSF12 CROWN: S&P Rates New Repriced Senior Secured Term Loan 'B-' MEMA'S CHICK'N': Gets Court OK to Use Cash Collateral MICHELLE DEON LEE: Court Dismisses Bankruptcy Case with Prejudice MKZ DISTRIBUTION: Taps Gamberg & Abrams as Bankruptcy Counsel ML DEV: Commences Chapter 11 Bankruptcy in Texas MONICA W GRACE: Must File Plan, Disclosure Statement by Sept. 4 NICK'S PIZZA: To Sell Restaurant Biz to Khiyyam Fazal for $3.4MM NMR ENTERPRISES: Court OKs Continued Cash Collateral Access OHA PAPI: Gets Interim OK to Use Cash Collateral OLIDIA ESTATE: Seeks to Hire Lamey Law Firm as Counsel OLIDIA ESTATE: Voluntary Chapter 11 Case Summary PACIFIC AVIATION: Seeks to Hire Keith Y. Boyd P.C. as Counsel PERFORMANCE SERVICE: Dennis Perrey Named Subchapter V Trustee PWB LAND: To Sell Huntsville Property to Benjamin Sessions REMEDIUM PHARMACY: Hearing Today on Bid to Use Cash Collateral RESTORATION MENTAL: Seeks Subchapter V Bankruptcy in Washington ROYAL REAL ESTATE: Seeks Chapter 11 Bankruptcy in Washington RUZBEHJON INC: Hires Law Offices of Michael Jay Berger as Counsel SISTERS OF ST. ANN: Court OKs School Assets Sale at Auction SKYBOUND PROPERTIES: Wilmington Properties Sale at Auction OK'd SKYTHERAPIST MANAGEMENT: Taps Schreeder Wheeler & Flint as Counsel SLEEP COUNTRY: S&P Assigns 'BB-' ICR on Sleep Number Acquisition SLEEP NUMBER: Judge Clears $702MM Acquisition by Canadian Firm SONICWALL HOLDINGS: S&P Lowers ICR to 'D' on Debt Restructuring SPIRIT AVIATION: JetBlue Acquires LaGuardia Slots in Ch. 11 Auction STEPHAN CO: Future Claimant Hires FTI Consulting as Counsel STEPHAN CO: Future Claimant Hires Morgan Lewis as Special Counsel SYNERGENX LEGACY: Hires Frank J. Wright PLLC as Counsel SYNERGENX LEGACY: Hires FTI Consulting as Financial Advisor SYNERGENX LEGACY: Hires Lain Faulkner as Financial Advisor SYNERGENX LEGACY: Hires Shannon Lee Beatty as Co-Counsel TCP SUNBELT: S&P Places 'B' ICR on Watch Negative on Sale to TJC TRINITY POOLS: Gets Interim OK to Use Cash Collateral VERA HOLDINGS: Court Extends Cash Collateral Access to Aug. 12 VILLAGE HOMES: Aledo Property Sale to Hark Homes for $700K OK’d VS HOLDING: S&P Downgrades ICR to 'B' on Increased Leverage XIANG HE: Seeks to Hire Schlissel DeCorpo as Legal Counsel [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 202 61ST LLC: Case Summary & One Unsecured Creditors ---------------------------------------------------- Debtor: 202 61st LLC 1701 President St Brooklyn, NY 11213 Business Description: 202 61st LLC is a West New York, New Jersey- based real estate company that owns and leases a mixed-use property at 202 61st Street, comprising five residential units and one commercial storefront. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43429 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN, P.C. 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com Total Assets: $800,000 Total Liabilities: $1,500,000 The petition was signed by Sheul Klein as manager. The Debtor listed 1S REO Opportunity 1, LLC, of Oakland, California, as its sole unsecured creditor, with a $700,000 claim. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/325BRXY/202_61ST_LLC__nyebke-26-43429__0001.0.pdf?mcid=tGE4TAMA 2315 LOMA: To Hire Jun Ho Lee as Real Estate Appraiser ------------------------------------------------------ 2315 Loma Vista LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Jun Ho Lee to serve as its real estate appraiser. The firm's services include: (a) appraising real property of the company, including all types of structures, improvements, location, income stream, and any other tangible as well as intangible features of said holdings; (b) providing assistance in valuing assets as part of the company's reorganization, for sale or collateral value for the purposes of the Chapter 11 bankruptcy case; and (c) providing assistance in appraising the real property for bankruptcy purposes. Jun Ho Lee will receive $700 for the appraisal of the real property located at 2315 Loma Vista Pl, Los Angeles, CA 90039. Any additional professional services requiring supplemental documentation or other work will be subject to a separate application for compensation and court approval. According to court filings, Jun Ho Lee is a "disinterested" person and does not have any connection with the company, its creditors, or any other party in interest that would disqualify him from serving in this capacity. The firm can be reached at: Jun Ho Lee 1512 Palm Ave, Unit D San Gabriel, CA 91776 Telephone: (213) 249-0961 E-mail: leejuno0731@gmail.com About 2315 Loma Vista LLC 2315 Loma Vista LLC owns a property located at 2315 Loma Vista PL, Los Angeles, CA 90039, with an appraised value of $1.40 million. 2315 Loma Vista LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-13989) on May 13, 2025. In its petition, the Debtor reports total assets of $1,399,000 and total liabilities of $716,656. Bankruptcy Judge Julia W. Brand handles the case. The Debtor is represented by Thomas B. Ure, Esq. at URE LAW FIRM. 3030 RIVERBEND: Seeks to Hire Tonkon Torp LLP as Counsel -------------------------------------------------------- 3030 Riverbend, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to employ Tonkon Torp LLP as counsel. The firm will render these services: (a) advise the Debtor of its rights, powers, and duties in the continued operation and management of its business and property under Chapter 11 of the Code; (b) take all actions necessary to protect and preserve Debtor's bankruptcy estate; (c) advise Debtor concerning, and prepare on behalf of Debtor, all necessary legal papers, and review all financial and other reports required in connection with administration of this Chapter 11 case; (d) advise the Debtor with respect to, and assist in the negotiation and documentation of, financing agreements, debt and cash collateral orders, and related transactions; (e) review the nature and validity of any liens asserted against the Debtor's property and advise Debtor concerning the enforceability of such liens; (f) advise the Debtor regarding (i) its ability to initiate actions to collect and recover property for the benefit of its estate; (ii) any potential property dispositions; and (iii) executory contract and unexpired lease assumptions, assignments, and rejections, and lease restructuring and recharacterizations; (g) negotiate with creditors concerning a Chapter 11 plan, prepare the plan, disclosure statement, and related documents, and take the steps necessary to confirm and implement the plan; and (h) provide such other legal advice or services as may be required in connection with this Chapter 11 case. The firm will be paid at these rates: Timothy J. Conway, Partner $810 per hour Michael W. Fletcher, Partner $685 per hour Zoe Habekost, Associate $475 per hour Spencer C. Fisher, Paralegal $395 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Conway disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Timothy J. Conway, Esq. Tonkon Torp LLP 1300 SW 5th Ave., #2400 Portland, OR 97201 Tel: (503) 802-2089 About 3030 Riverbend, LLC 3030 Riverbend, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Or. Case No. 26-61943) on July 15, 2026. The Debtor hires Tonkon Torp LLP as counsel. 3CLOGIC INC: Seeks to Hire McNamee Hosea PA as Counsel ------------------------------------------------------ 3CLogic, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ McNamee Hosea, PA as counsel. The firm will provide these services: (a) provide the Debtor legal advice with respect to its powers and duties and in the operation of its business and management of its property; (b) prepare any necessary legal papers, and appear on the Debtor's behalf in proceedings instituted by or against it; (c) assist the Debtor in the process of selling its property and/or the confirmation of a plan and approval of a disclosure statement; (d) assist the Debtor with other legal matters; and (e) perform all of the legal services for the Debtor that may be necessary or desirable herein. The firm will be paid at these rates: Janet M. Nesse $600 per hour Craig M. Palik $490 per hour Justin P. Fasano $490 per hour Christopher L. Hamlin $425 per hour Kevin R. Feig $375 per hour Brian L. Krell $275 per hour Theresa Mackey $140 per hour Meagan Evans $140 per hour Cynthia Martin $140 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Janet M. Nesse, Esq., an attorney at McNamee Hosea, 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: Janet M. Nesse, Esq. Justin P. Fasano, Esq. McNamee Hosea, P.A. 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Tel: (301) 441-2420 Email: jnesse@mhlawyers.com jfasano@mhlawyers.com 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. 4415-4421 NY: Case Summary & One Unsecured Creditor --------------------------------------------------- Debtor: 4415-4421 NY Ave LLC 1701 President St Brooklyn, NY 11213 Business Description: 4415-4421 NY Ave LLC owns an eight-unit residential building under construction at 4415-4421 New York Avenue in Union City, New Jersey. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43430 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN, P.C. 100 Merrick Road, Suite #304W Rockville Centre, NY 11570 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com Total Assets: $750,000 Total Liabilities: $2,544,434 The petition was signed by Sheul Klein as manager. The Debtor listed 1S REO Opportunity 1 LLC, of Oakland, California, as its sole unsecured creditor, with a $1.79 million claim related to construction of the residential building. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7P5KLUI/4415-4421_NY_AVE_LLC__nyebke-26-43430__0001.0.pdf?mcid=tGE4TAMA 9501 PROPERTY: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: 9501 Property LLC 9501 Avenue L Brooklyn, NY 11236 Business Description: 9501 Property LLC is a single-asset real estate company that owns and operates a residential property at 9501 Avenue L in Brooklyn, New York. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43433 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: Vivian Williams, Esq. VMW LAW PC 733 Third Avenue New York, NY 10017 Tel: 212-561-5312 E-mail: vwilliams@thewilliamsfirmnyc.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Angaad Sooknandan as sole member. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3ZBQZDQ/9501_Property_LLC__nyebke-26-43433__0001.0.pdf?mcid=tGE4TAMA A LINE BOUTIQUE: Case Summary & 14 Unsecured Creditors ------------------------------------------------------ Debtor: A Line Boutique LLC 2687 W Oxford Ave, Unit 3 Englewood, CO 80110 Business Description: A Line Boutique is a women's fashion retailer founded in 2007 that sells designer clothing and footwear through physical stores and an online shop. The company provides in-person and virtual personal styling, curated home shipments through ShopBox, wardrobe and closet edits, travel-packing assistance, and merchandise delivery. It operates stores in Denver, Colorado; Salt Lake City, Utah; and Carlsbad, California. Chapter 11 Petition Date: July 13, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-15041 Judge: Hon. Thomas B McNamara Debtor's Counsel: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 E-mail: agarber@wgwc-law.com Total Assets: $2,013,182 Total Liabilities: $1,295,071 The petition was signed by Karmen Berentsen as CEO owner. A copy of the Debtor's list of its 14 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/L4WCLRQ/A_Line_Boutique_LLC__cobke-26-15041__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LWZ2MQY/A_Line_Boutique_LLC__cobke-26-15041__0001.0.pdf?mcid=tGE4TAMA A LINE BOUTIQUE: Joli Lofstedt Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Joli Lofstedt, Esq., as Subchapter V trustee for A Line Boutique, LLC. Ms. Lofstedt, a practicing attorney in Louisville, Colo., will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Lofstedt declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joli A. Lofstedt, Esq. P.O. Box 270561 Louisville, CO 80027 Phone: (303) 476-6915 Fax: (303) 604-2964 Email: joli@jaltrustee.com About A Line Boutique LLC A Line Boutique LLC is an Englewood, Colorado-based luxury women's fashion retailer and personal styling company. The business operates four boutique locations offering designer apparel, accessories, and customized styling services. The company continues to operate its retail stores and styling business while restructuring under Chapter 11. A Line Boutique sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-15041) on July 13, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Thomas B. McNamara handles the case. The Debtor is represented by Aaron A. Garber, Esq. ACADEMIAS LA PAZ: S&P Lowers Lease Revenue Bond Rating to 'BB-' --------------------------------------------------------------- S&P Global Ratings lowered its long-term rating on the Saint Paul Housing and Redevelopment Authority, Minnesota's series 2015A and 2015B charter school lease revenue bonds, issued for Academia Cesar Chavez (ACC), to 'BB-' from 'BB'. As of fiscal 2025, Academia Cesar Chavez and El Colegio Charter School (ECCS, not previously rated) merged, forming a new merged entity known as Academias La Paz (ALP). The outlook is negative. S&P said, "The downgrade reflects our view of the school's weakened financial profile over the past two years, in addition to ongoing enrollment volatility since the fall of 2020. "The negative outlook reflects our view that additional enrollment declines could further pressure the school's overall credit profile by continuing to drive negative operating margins, insufficient lease-adjusted maximum annual debt service (MADS) coverage, and weakened liquidity. "We could lower the rating if enrollment declines persist or if the school is unable to improve financial performance metrics and fails to meet financial covenant requirements in fiscal 2027. Additionally, we could lower the rating if the school fails to improve academics over the course of its current charter term, negatively affecting its charter renewal in 2029. "We could consider revising the outlook to stable if ALP can stabilize enrollment, generate financial metrics in line with required bond covenants, and maintain a positive relationship with its authorizer by improving academic performance and proficiency metrics." ADDISON DENTAL: Seeks Cash Collateral Access -------------------------------------------- Addison Dental Associates, PC asks the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, for authority to use cash collateral and provide adequate protection. The Debtor states that continued access to the cash collateral is necessary to maintain the dental practice, pay employees and contractors for post-petition services, and preserve the value of the bankruptcy estate. Under the proposed adequate protection terms, the Debtor will continue making monthly payments of $606 to CAN Capital Asset Servicing Inc., assignee of WebBank, and $795 to Quantum LS LLC, formerly Fundation Group LLC. The Debtor states these payments are intended to protect the secured creditors' interests while the cash collateral is used in the ordinary course of business. The cash collateral will also be used for maintenance and repair of the commercial property securing obligations owed to those lenders, in addition to meeting payroll obligations for employees and independent contractors. The budget projects total income of approximately $450,691 and total expenses of approximately $449,794 for the June through December 2026 period, resulting in projected net operating income of about $896. A copy of the motion is available at https://urlcurt.com/u?l=2FbZuL from PacerMonitor.com. About Addison Dental Associates, P.C. Addison Dental Associates, P.C. is a Smyrna, Georgia-based dental practice specializing in general dental and oral healthcare services. According to the bankruptcy filing, the practice continues to operate as a debtor-in-possession while maintaining its clinical facility in Atlanta during its financial restructuring. Addison Dental Associates, P.C. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-57885) on June 16, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Sims W. Gordon, Jr., Esq., of The Gordon Law Firm P.C. John T. Whaley is appointed as Subchapter V Trustee. ADVANCED TREATMENT: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Advanced Treatment Technologies, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of North Carolina, Greensboro Division to use cash collateral. The court entered a third interim order authorizing the Debtor to use cash collateral based on an approved budget from May 22 through the next hearing scheduled for August 6. The Debtor must limit cost-of-goods-sold expenditures to items necessary to maintain operations during the interim period. As adequate protection, the Internal Revenue Service will receive replacement liens on post-petition accounts receivable and payment intangibles, limited to the value and extent of its pre-petition collateral interests. Similar replacement liens will be granted to Bizfund, LLC, GH Kapital, and other merchant cash advance creditors, limited to their respective pre-petition collateral positions and without expanding their rights beyond the petition date. The court has not yet determined the amount of any secured claim, the validity of any lien, or whether the merchant cash advance agreements constitute true sales of receivables or disguised financing arrangements. Those issues remain reserved for later adjudication. Its order preserves all parties' rights to challenge the validity, priority, extent, characterization, or enforceability of any asserted liens or claims. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/4SOPw from PacerMonitor.com. The next hearing is scheduled for August 6. The court set July 30 as the deadline for objections to the Debtor's continued use of cash collateral. About Advanced Treatment Technologies Inc. Advanced Treatment Technologies, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. N.C. Case No. 26-10392) on May 22, 2026, with up to $500,000 in assets and up to $10 million in liabilities. Charles R. Hayes, president of Advanced Treatment Technologies, signed the petition. Judge Lena M. James oversees the case. Clint Morse, Esq., at Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, represents the Debtor as legal counsel. ADVISORS GROUP: Seeks to Hire Vilarino & Associates as Counsel -------------------------------------------------------------- Advisors Group General Contractors Corp. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Vilarino & Associates, LLC and Javier Vilarino to serve as legal counsel. The firm will provide these services: (a) advise the company concerning its duties, powers, and responsibilities in this case under the laws of the United States and Puerto Rico in which it conducts its operations, does business, or is involved in litigation; (b) advise the company in connection with determining whether reorganization is feasible and, if not, assist in the orderly liquidation of its assets; (c) assist the company in negotiations with creditors to propose and confirm a viable plan of reorganization; (d) prepare the necessary complaints, answers, orders, reports, memoranda of law, and other legal papers or documents; (e) appear before the bankruptcy court, or any court in which the company asserts a claim, interest, or defense directly or indirectly related to this bankruptcy case; (f) perform such other legal services as may be required in these proceedings or in connection with the operation of the company's business, including but not limited to notarial services; and (g) employ other professional services, if necessary. Javier Vilarino, Esq. will receive an hourly rate of $375, associates will receive $275 per hour, and paralegals will receive $150 per hour. The firm also received a $15,000 retainer. All compensation is subject to Court approval. Vilarino & Associates, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Javier Vilarino, Esq. VILARIÑO & ASSOCIATES LLC PO Box 9022515 San Juan, PR 00902-2515 Telephone: (787) 565-9894 E-mail: jvilarino@vilarinolaw.com 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. AFC ACQUISITION: Court OKs $150,000 Interim DIP Loan From CEO ------------------------------------------------------------- AFC Acquisition Corporation received interim approval from the U.S. Bankruptcy Court for the District of New Mexico to obtain debtor-in-possession financing to get through bankruptcy. Under the interim order, the company is authorized to borrow up to $150,000 as an administrative expense claim pending final approval of its motion to obtain $600,000 in DIP financing. The loan will be provided by AFC CEO Kenton Van Harten, the sole member of the company's shareholder, American ABQ Holdings, LLC. The $150,000 initial loan would be treated as an allowed administrative expense under section 364(b) of the Bankruptcy Code, giving the lender a priority claim in the bankruptcy case. AFC said the financing is critical because its existing cash flow is insufficient to sustain ongoing business operations. The primary purpose of the financing is to fund inventory purchases, which are necessary to generate revenue and support continuing business operations. The loan proceeds may also be used for other purposes specifically authorized by Mr. Van Harten. According to the Debtor, maintaining inventory levels is essential to producing revenue that will fund day-to-day operations throughout the Chapter 11 process. Under the DIP credit agreement, Mr. Van Harten will extend a credit facility with a maximum principal amount of $600,000. The loan will terminate upon the earliest of either the maturity date specified in the agreement or the consummation date of the Chapter 11 case, as defined in the loan documents. The financing will receive administrative expense priority rather than being secured by liens on the company's assets. The financing carries no commitment fees or other charges but outstanding borrowings will accrue interest at an annual rate of 12% until repaid. The only condition precedent to borrowing is court approval of the financing arrangement. The order is available at http://bankrupt.com/misc/AFCAcquisition_IDIPOrder115.pdf About AFC Acquisition Corporation AFC Acquisition Corporation, a Delaware Corporation sells living room, dining room, and bedroom furniture, mattresses, and home decor. It conducts business as American Home Furniture and is based in Albuquerque, N.M. AFC Acquisition sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.M. Case No. 26-10283) on March 4, 2026, with $1 million to $10 million in both assets and liabilities. CEO Kenton Van Harten signed the petition. Judge Hon. Robert H. Jacobvitz oversees the case. The Debtor is represented by Christopher M. Gatton, Esq., at Gatton & Associates, P.C. ALBERT CHRISTINE: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: Albert Christine Investments LLC 228 Ennismore Lane Brentwood, TN 37027 Business Description: Albert Christine Investments LLC is a Brentwood, Tennessee-based real estate investment company that owns and manages residential properties in Nashville, including homes at 793 Brook Hollow Road and 818 Bresslyn Road. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-03385 Judge: Hon. Randal S Mashburn Debtor's Counsel: James A. Crumlin, Jr. SPENCER FANE LLP 511 Union Street, Suite 1000 Nashville TN 37219 Tel: 615-238-6313 E-mail: jcrumlin@spencerfane.com Total Assets: $5,725,000 Total Liabilities: $3,083,210 The petition was signed by James A. Crumlin, Jr., as chief executive officer. The debtor filed a list of its 20 largest unsecured creditors, but all entries were left blank. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3ER52NI/ALBERT_CHRISTINE_INVESTMENTS_LLC__tnmbke-26-03385__0001.0.pdf?mcid=tGE4TAMA ALEA HOLDINGS: Seeks Chapter 11 Bankruptcy with $280MM Debt ----------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Alea Holdings US Co., the U.S. subsidiary of Bermuda-based insurer Catalina Holdings, has filed for Chapter 11 bankruptcy protection in Texas, citing roughly $280 million in funded debt and the need for a comprehensive restructuring. The company said the filing will allow it to address its financial obligations through an organized court process. The debtor stated that bankruptcy protection will provide stability while it evaluates restructuring alternatives and works with creditors. The Chapter 11 process is expected to facilitate negotiations over its debt obligations and help maximize recoveries for interested parties. Alea Holdings US operates within Catalina Holdings' insurance run-off platform, which focuses on acquiring and managing legacy insurance liabilities from discontinued portfolios. The group provides specialized solutions for insurers seeking to transfer or resolve long-term obligations, according to report. The Texas bankruptcy case will oversee Alea Holdings US's efforts to reorganize its finances and implement a plan for moving forward. The company said it remains focused on managing its insurance responsibilities while completing the restructuring process, the report states. About Alea Holding US Company Alea Holdings US Co. is an insurance services company owned by Catalina Holdings, a Bermuda-based provider of insurance run-off solutions. The company specializes in administering legacy insurance liabilities, including claims from discontinued or transferred insurance portfolios. Alea Holdings US operates within Catalina's platform of businesses focused on the efficient management and resolution of long-term insurance obligations. Alea Holding US Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90714) on July 19, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Duston K. McFaul, Esq. of Sidley Austin LLP. Peter Kravitz of Province LLC serves as Financial Advisor/CRO. Greenberg, LLP served as Special Committee Counsel, and Omni Agent Solutions Inc. as Claims Agent. ALEA HOLDINGS: To Sell Equity Interest to Undisclosed Buyers ------------------------------------------------------------ Alea Holdings US Company and its affiliates, seek approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell equity interest, free and clear of liens, claims, interests, and encumbrances. Alea Holdings US Company (AHUSCO) is a holding company with three primary non-debtor, operating insurance subsidiaries, including Alea North America Insurance Company (ANAIC) and National American Insurance Company of California (NAICC). The Debtors oversee their subsidiaries’ performance of a variety of activities, including but not limited to, establishing reserves, negotiating settlements, and paying outstanding claims. Over the years, AHUSCO conducted market scans for interested potential acquirors of ANAIC and NAICC, and engaged with multiple prospective purchasers over this several-year process. AHUSCO has entered into (a) a stock purchase agreement to sell ANAIC, to a third party U.S.-based specialty insurance and reinsurance holding company, and (b) a stock purchase agreement to sell NAICC to a third party U.K.- based international insurance and reinsurance group. The Debtors believe that the proposed private sales of the equity interests in ANAIC and NAICC are in the best interests of the Debtors’ estates and creditors. The proposed Private Sales are the culmination of comprehensive, years-long prepetition marketing processes, each of which resulted in proposed sales with the Purchasers. The material terms of the Sale and Purchase Agreement are provided. The Debtors have determined that the consummation of the agreements, is in the best interests of the Debtors and their stakeholders. The Debtors request a finding that each Purchaser is a good faith purchaser entitled to the protections. About Alea Holdings US Company Alea Holdings US Company and its affiliates are holding companies, whose purpose is to hold and manage insurance subsidiaries. The Debtors oversee their subsidiaries’ performance of a variety of activities, including but not limited to, establishing reserves, negotiating settlements, and paying outstanding claims. Alea Holdings US Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.Tex. Case No. 26-90714 (CML)) on January 23, 2025. Judge Christopher M. Lopez presides over the case. Duston K. McFaul at Sidley Austin LLP, represents the Debtor as legal counsel. ALKEGEN: Seeks New Financing Through Prepackaged Bankruptcy Deal ---------------------------------------------------------------- Reshmi Basu of Bloomberg News reports that Alkegen is preparing to enter a prepackaged Chapter 11 bankruptcy after reaching a restructuring agreement with its lenders that will eliminate approximately $3.1 billion in debt while providing fresh financing. The specialty materials company, backed by Clearlake Capital, announced that the agreement will transfer ownership of the reorganized business to its lending group. The restructuring centers on a debt-for-equity exchange that substantially reduces the company's outstanding obligations. In addition, Alkegen has secured $315 million in bankruptcy financing, giving the company access to working capital needed to maintain operations throughout the Chapter 11 process, the report cites. According to Bloomberg, management expects the court-supervised restructuring to be completed efficiently because the plan already has significant creditor backing. During the bankruptcy proceedings, Alkegen intends to continue manufacturing products, serving customers, and honoring obligations incurred after the filing date in the ordinary course of business. Once the restructuring is completed, the company expects to emerge with a much stronger balance sheet, lower debt levels, and improved financial flexibility. Executives believe the transaction will better position Alkegen to compete in the specialty materials sector while supporting long-term operational and strategic objectives, the report cites. About Alkegen Headquartered in Irving, Texas, Alkegen produces heat-resistant ceramic fiber and specialty filtration products, advanced material solutions and specialty glass microfiber materials for a variety of industrial applications. The company has been a portfolio company of Clearlake Capital Group, L.P. since late 2018. Alkegen generated revenue of approximately $1.5 billion for the twelve months ended June 30, 2024. ARCHER MOTORSPORTS: Seeks Continued Cash Collateral Access ---------------------------------------------------------- Archer Motorsports, Inc asks the U.S. Bankruptcy Court for the District of Arizona for authority to continue using cash collateral and provide adequate protection, through October 31, 2026. The request builds upon a prior Cash Collateral Order entered on June 5, which authorized the Debtor's use of cash collateral through July 31. Under that earlier order, the court granted affected secured creditors replacement liens that preserved the same validity, priority, and extent as their prepetition liens to protect against any diminution in the value of their collateral resulting from the Debtor's use of cash collateral. Archer Motorsports explains that continued access to these funds is essential while it works toward confirming a Chapter 11 reorganization plan. The Debtor identifies two categories of secured creditors whose interests are implicated by the proposed use of cash collateral. The first group consists of purchase-money security interest creditors, including Haro Bicycle Corporation, Cycling Sports Group, Inc., Specialized Bicycle Components, Inc., Giant Bicycle Inc., and Gazelle USA, LLC, each of which claims a security interest in inventory that it manufactured, supplied, or distributed to the debtor. The second group consists of blanket lien creditors with security interests in substantially all of the Debtor's personal property, identified as JPMorgan Chase Bank, N.A. and Specialized Bicycle Components, Inc. The Debtor states that it has been complying with its obligations under the existing cash collateral arrangement by either segregating and returning inventory subject to PMSI liens or selling and replenishing that inventory through its ordinary business operations. Since the bankruptcy filing, Archer Motorsports has also established communication with most of the secured creditors and reports that it has been able to cooperate with them and reach tentative agreements regarding the treatment of their secured claims. The Debtor argues that the replacement liens previously approved by the court continue to provide sufficient protection for the secured creditors because they preserve their collateral position while allowing the business to continue generating revenue. The Debtor further explains that the company is currently experiencing its seasonal slowdown, as high summer temperatures in Arizona reduce customer demand for outdoor cycling products and services. Despite these temporary business challenges, Archer Motorsports believes it has accumulated a sufficient cash reserve to sustain operations until business improves when cooler weather returns. Continued access to cash collateral will enable the debtor to meet operating expenses, maintain business continuity, and preserve the value of the enterprise while pursuing confirmation of its reorganization plan. A copy of the motion is available at https://urlcurt.com/u?l=KfteHf from PacerMonitor.com. About Archer Motorsports Inc. Archer Motorsports, Inc is an Arizona-based bicycle and e-bike retailer. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04217) on April 29, 2026. In the petition signed by Randolph Archer, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Madeleine C. Wanslee oversees the case. Anthony Cali, Esq., at Allen, Jones & Giles, PLC, represents the Debtor as legal counsel. AVENTIV TECHNOLOGIES: S&P Lowers ICR to 'D' on Distressed Exchange ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Aventiv Technologies LLC to 'D' from 'CC'. S&P expects to reassess its issuer credit rating on the company and assign issue-level and recovery ratings to the new term loan in the coming days. On July 2, 2026, Aventiv completed a debt-for-equity exchange that restructured its outstanding first- and second-lien debt. The company's capital structure now comprises a new $531.5 million first-lien term loan. S&P Global Ratings views the transaction as distressed and tantamount to default because Aventiv's lenders received less value than they were promised under the original securities. Absent this restructuring, S&P believes a conventional default on the instruments subject to the exchange was a realistic possibility over the near to medium term. S&P said, "We view the transaction as a distressed exchange because lenders received less than originally promised. On July 2, 2026, Aventiv completed a debt-for-equity exchange, to restructure its outstanding first- and-second-lien term loan debt, that reduced its outstanding debt by about 77%. As part of the transaction, the company issued a new $531.5 million first-lien term loan due 2031. With the exchange, Platinum Equity, which previously held a 72.6% equity stake according to state filings, relinquished its ownership position to the existing lenders who now hold 100% indirect voting and equity interests in Aventiv. We view the transaction as distressed and tantamount to a default because the company exchanged secured debt claims for common equity shares without providing adequate offsetting compensation. Absent this restructuring, we viewed a conventional default on the instruments subject to exchange as a realistic possibility over the near to medium term. "We expect to reassess our ratings in the coming days. We will review Aventiv's credit profile and assign issue-level and recovery ratings based on its new capital structure." AVIAN PARTNERS: Hires Baniqued Realty as Real Estate Broker ----------------------------------------------------------- Avian Partners LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Baniqued Realty Inc. as real estate broker. The firm will market and sell the Debtor's real property located at 102-116 Avian Dr, Vallejo, CA. The firm will be paid 2.5 percent commission for selling the property, plus an additional 2.5 percent if the buyer is unrepresented. Mr. Baniqued 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: Broan Baniqued Baniqued Realty Inc. 2801 Pinole Valley Road Suite 210 San Francisco, CA 94104 Tel: (510) 222-0900 Fax: (510) 743-4114 About Avian Partners LLC Avian Partners LLC is a single-asset real estate company that owns an eight-unit multifamily apartment complex at 102-116 Avian Drive in Vallejo, California. Avian Partners LLC filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case No. 26-41098) on May 27, 2026, listing $1 million to $10 million in assets and $1 million to $10 millionin liabilities. Brian Baniqued, president of managing member, signed the petition. Judge Hon. William J Lafferty oversees the case. Peter N. Hadiaris, Esq. serve as the Debtor's legal counsel. BEAR COUNTRY: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Bear Country Colorado, LLC received interim approval from the U.S. Bankruptcy Court for the District of Colorado to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral in accordance with its latest operating budget through the date of the final hearing. As of the bankruptcy filing, the Debtor had approximately $13,193 in cash on hand and in its bank accounts and reported that it does not maintain accounts receivable. The creditors that may claim security interests in the Debtor's cash collateral include the U.S. Small Business Administration, which is owed approximately $150,000 under a loan originated in April 2020 and secured by a UCC financing statement. Several merchant cash advance lenders are also listed including CFG Merchant Solutions, owed about $25,868; Funding Metrics, owed approximately $25,868; Kapitus Servicing, owed roughly $71,220; On Deck, owed approximately $44,000; Silverline Services, owed about $25,514; and Funding Bull, owed approximately $71,822. The Internal Revenue Service also asserts a federal tax lien on substantially all of the Debtor's assets. The Debtor's largest secured creditor is South State Bank, formerly Independent Bank, which is owed approximately $1.001 million under a loan originated in 2019. While UCC financing statements were identified for several lenders, the Debtor notes that filings for Kapitus Servicing and On Deck could not be located directly under their names on the Colorado Secretary of State records, although filings appear under CT Corporation System. As adequate protection, any secured creditor with a properly perfected interest in the cash collateral will receive replacement liens on post-petition accounts receivable to the extent the use of cash collateral diminishes the value of its collateral. As further protection, the Debtor is required to make monthly payments of $6,000 to South State Bank beginning this month. South State Bank was directed to provide payment instructions to the Debtor's counsel. If the Debtor fails to make the required payment, its authority to use cash collateral will immediately terminate. The Debtor must also maintain adequate insurance, preserve collateral, provide all bankruptcy and debtor-in-possession reports to secured creditors, pay all post-petition taxes, and limit spending to the approved budget with no more than a 10% variance per expense line item. The order is available at http://bankrupt.com/misc/BearCountryColorado_ICCOrder46.pdf The court scheduled a final hearing for Sept. 15. Bear Country Colorado's financial distress resulted primarily from a series of merchant cash advance loans, particularly one obtained from Funding Bowl, also known as Covenant Oaks or Corporate Debt Advisors. According to the Debtor, Funding Bowl agreed to provide a $10,000 loan along with financing that would enable the company to resolve its other MCA obligations. Instead, Funding Bowl allegedly began making unauthorized withdrawals from the Debtor's bank account totaling approximately $50,000. The unauthorized withdrawals forced the Debtor to close its bank account to stop the activity, but by then the financial damage had already occurred. As a result, the Debtor fell behind on its property taxes. The company states that its original primary lender, Independent Bank, had been willing to work with it regarding its financial difficulties, but after Independent Bank was acquired by South State Bank, the successor lender declared the loan in default and initiated foreclosure proceedings against the Debtor's real property, ultimately forcing the Chapter 11 filing. About Bear Country Colorado LLC Bear Country Colorado, LLC is an Englewood, Colorado-based recreational vehicle (RV) repair and maintenance company. The business provides repair and maintenance services for recreational vehicles and operated from its facility at 4615 South Santa Fe Drive in Englewood. Bear Country Colorado, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-14900) on July 7, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Kimberley H. Tyson, U.S. Bankruptcy Judge, handles the case. The Debtor is represented by Aaron A. Garber, Esq. at Wadsworth Garber Warner Conrardy, P.C. BERRYMAN HOUSE: Court Stays Appeal in "Raymond" Due to Bankruptcy ----------------------------------------------------------------- Judge Susanna Dokupil of the Court of Appeals for the First District of Texas at Houston stayed the appeal styled as Berryman House, Inc. v. Richard D. Raymond, Appellate Case No. 01-26-00417-CV, pursuant to U.S.C. Sec. 362. Appellant Berryman House, Inc. has filed a notice that it sought bankruptcy protection on July 9, 2026. This appeal is stayed pursuant to the Suggestion of Bankruptcy. 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 of the U.S. Bankruptcy Code (Bankr. S.D. Texas 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. The Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. BETHEL PENTECOSTAL: Hires McNamee Hosea PA as Counsel ----------------------------------------------------- Bethel Pentecostal Tabernacle of the Assemblies of God, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ McNamee Hosea, PA as counsel. The firm will provide these services: a. prepare and file all necessary bankruptcy pleadings on behalf of the Debtor; b. negotiate with creditors; c. representation with respect to Adversary and other proceedings in connection with the Bankruptcy; d. prepare Debtor's plan of reorganization; and e. any other matters related to the Bankruptcy and the Debtor's reorganization. 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. On April 22, 2026, the firm was paid by the Debtor a retainer of $24,000. Justin Fasano, Esq., an attorney at McNamee Hosea, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Justin P. Fasano, Esq. McNamee Hosea, PA 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Tel: (301) 441-2420 Email: jfasano@mhlawyers.com About Bethel Pentecostal Tabernacle of the Assemblies of God, Inc. Bethel Pentecostal Tabernacle of the Assemblies of God, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Colo. Case No. 26-00350) on July 15, 2026. The Debtor hires McNamee Hosea, PA as counsel. BLACKBEARD'S TRIPLE: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Blackbeard's Triple Play, LLC received eighth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina authorizing the continued use of cash collateral. Under the interim order, the Debtor is authorized to use cash collateral solely for ordinary and necessary operating expenses under the approved budget through August 12, with flexibility to exceed individual budget line items by 10%. The Debtor projects total operational expenses of $177,854.25 for the period from July 12 to August 12. The court recognized that multiple secured creditors may hold liens on the Debtor's accounts, receivables, and other cash collateral assets. Newtek Bank holds the apparent first-priority lien with an estimated $454,293.00 SBA loan balance, followed by Idea 247, Inc. and US Foods, Inc., while several other lenders and financing companies also assert security interests through UCC filings. The Debtor retains the right to challenge the validity or priority of any prepetition liens. As adequate protection, secured creditors will receive replacement liens on post-petition collateral. In addition, the Debtor must pay Newtek Bank $7,414.25 by August 1, maintain segregated cash collateral accounts, and provide financial reports and access to records upon request. The order prohibits payment of pre-petition debts without Court approval, requires the Debtor to remain current on all post-petition tax obligations, and restricts asset sales outside the ordinary course of business. The authorization terminates upon expiration, plan confirmation, default, or further Court order. A further hearing on the cash collateral is scheduled for August 12. About Blackbeard's Triple Play Inc. Blackbeard's Triple Play, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-04908) on December 10, 2025. In the petition signed by Billy Dale Overbee, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge David M. Warren oversees the case. David J. Haidt, Esq., at Ayers & Haidt, PA, represents the Debtor as legal counsel. BNL ENTERPRISES: Court OKs Vehicle Sale at Auction -------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Arkansas, Fayetteville Division, has granted BNL Enterprises Inc. to sell Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's Assets are comprised of different types of vehicles, which are listed along with their respective prices. https://urlcurt.com/u?l=Xt7IIg The Court has authorized the Debtor to sell the Assets through auction by Sexton Auctioneers. First State Bank of Purdy, MO will be paid the net proceeds from said sale within 5 days of sale, which will be applied to the outstanding balance owed First State Bank of Purdy, MO in exchange for a release of lien on the assets. The sale is to be free and clear of liens, claims, and other interests and the sale will be As Is, Where Is, an no warranties. The Debtor will provide a report of sale and net proceeds to First State Bank of Purdy, MO and to the Assistant US Trustee within 5 days of said sale. About BNL Enterprises, Inc. BNL Enterprises, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Arkansas Case No. 5:26-BK-70930) on 5/13/2026. At the time of the filing, Debtor had estimated assets of between $0 to $50,000 and liabilities of between $1,000,001 to $10 million. Judge Bianca M Rucker oversees the case. Carl W. Hopkins, PA is Debtor's legal counsel. CANDY SENSE: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Candy Sense, Inc. 600 Congress Avenue, 14th Flr Austin, TX 78701 Business Description: Candy Sense produces personalized mints, candies, lollipops and chocolate products from Austin, Texas. The company customizes wrappers and candy products with customer designs and provides design proofs, QR-code integration and automated shipment options. Candy Sense serves businesses, foodservice operators, promotional distributors and brokers and states that it has 40 years of experience. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-11345 Judge: Hon. Shad M Robinson Debtor's Counsel: Frank B Lyon, Esq. FRANK B LYON P.O. Box 50210 Austin, TX 78763-0210 Tel: (512) 345-8964 Email: frank@franklyon.com Total Assets: $1,720,575 Total Liabilities: $3,631,061 The petition was signed by Emilio Espana as vice president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GWBADIQ/Candy_Sense_Inc__txwbke-26-11345__0001.0.pdf?mcid=tGE4TAMA CASHCALL INC: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------- Tim Smith of Bloomberg News reports that online consumer lender CashCall Inc. has entered Chapter 11 bankruptcy, filing a voluntary petition in the U.S. Bankruptcy Court for the Southern District of California. Court documents show the company listed assets of $1 million to $10 million against liabilities ranging from $100 million to $500 million, reflecting a heavily leveraged financial position. The bankruptcy follows ongoing legal disputes, including the company's effort to overturn a $134 million court award tied to litigation brought by the Consumer Financial Protection Bureau. CashCall argued that the judgment should be set aside after regulators abandoned an earlier settlement agreement, adding to the company's financial pressures, the report relays. Founded as an online lending platform, CashCall specialized in unsecured consumer loans and other financial products delivered through digital channels. The company has spent years defending itself against regulatory enforcement actions and consumer litigation related to its lending operations, the report cites. Through Chapter 11, CashCall aims to restructure its balance sheet while continuing to resolve outstanding legal and creditor claims under court supervision. The filing grants the company temporary protection from collection efforts as it pursues a plan of reorganization., according to Bloomberg. About CashCall Inc. CashCall Inc. is a California-based fintech and consumer finance company that provides online lending products, including personal loans and installment financing. Founded in 2003, the company became a prominent online lender but later faced extensive regulatory enforcement actions and litigation concerning its lending operations. CashCall Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-03102) on July 20, 2026. In its petition, the Debtor reports assets of $1 million to $10 million against liabilities ranging from $100 million to $500 million. Honorable Bankruptcy Judge J Barrett Marum handles the case. The Debtor is represented by Patrick L. DuBois, Esq. of Manatt, Phelps & Phillips. CENTRAL FLORIDA: To Sell Operating Assets to Highest Bid at Auction ------------------------------------------------------------------- Central Florida Firearms, LLC d/b/a Live Free Armory seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to Operating Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's Assets are comprised of certain barrel-line equipment and related equipment collateral to Century International Arms, Inc. or its permitted designee. The Barrel-Line Sale Motion addressed the immediate lender-collateral issues involving Mitsubishi HC Capital America, Inc., Amur Equipment Finance, and Midland States Bank and the assets identified as Barrel-Line Sale Assets in the Purchase Agreement and in the Barrel-Line Sale Motion. The Debtors have negotiated a proposed sale of most of their remaining operating assets to Century pursuant to an Asset Purchase Agreement, as a Stalking Horse Bidder. The Purchase Agreement separately identifies certain equipment, vehicles, and other personal property that Century is not purchasing, described in the Purchase Agreement as "Excluded Assets" and referred to the Motion as the "Remaining Property." The material terms of the Purchase Agreement, including the Total Consideration of $1,243,028.00, which includes Cash Purchase Price of $1,068,028 (subject to the DIP Credit and other adjustments described in the Purchase Agreement), the treatment of the Kirby Capped Cure Payment of $100,000.00 and Estate Administration Payment of $75,000.00. The Purchase Agreement provides for a BreakUp Fee of $100,000 and Expense Reimbursement of up to $100,000, payable to Century. The Remaining Property consists of the equipment, vehicles, and other personal property together with the specific secured creditor, if any, known to the Debtors to hold a lien on that item. The Debtors are in the process of engaging Robert H. Ewald and the auctioneering firm of Ewald Auctions, Inc. to market and sell the Remaining Property. In consideration for Century's agreement to serve as the stalking horse bidder and remain bound to the Purchase Agreement while the Debtors solicit competing bids, the Debtors request approval of the $100,000 Break-Up Fee and up to $100,000 Expense Reimbursement provided for in the Purchase Agreement. Debtors seek authority for the Auctioneer to conduct a public online-only auction. The Auction will accept bids for the Acquired Assets alone or for the Global Assets, with Century's offer under the Purchase Agreement serving as the benchmark the Debtors will use, in their business judgment, to determine whether a bid received through the Auction constitutes a higher or better offer. The Debtors request authority for the Auctioneer to determine, in its reasonable discretion and in consultation with the Debtors, whether to offer the Remaining Property as a single lot, in multiple lots, or item-by-item, in whatever manner the Auctioneer reasonably believes is calculated to maximize recovery to the estates. Century is acquiring the Acquired Assets only. Century is not assuming contracts, leases, employee obligations, taxes, trade debt, warranty obligations, product-liability claims, regulatory liabilities, litigation claims, administrative expenses, professional fees, insider claims, guarantor obligations, or any other liabilities of either Debtor or any affiliate except as expressly assumed in the Sale Order or closing documents. The sale order should state that the Successful Bidder — Century, or another party approved as the Successful Bidder for the Acquired Assets or the Global Assets at the Sale Hearing — is not a successor to either Debtor, their estates, or any affiliate, and that no person may pursue the Successful Bidder or the Acquired Assets for liabilities that the Successful Bidder does not expressly assume. About Central Florida Firearms LLC Central Florida Firearms, LLC, doing business as Live Free Armory, specializes in the production of slides, barrels, and other firearm parts, offering next-day shipping on available inventory for orders received before the daily cutoff. Central Florida Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case. No. 25-06150) on September 26, 2025. In its petition, the Debtor reported estimated assets of $5.2 million and estimated liabilities of $12.7 million. The Debtor is represented by Jeffrey S. Ainsworth, Esq. of BransonLaw, PLLC. COLDWATER MOUNTAIN: Seeks to Hire Long & Upton LLC as Counsel ------------------------------------------------------------- Coldwater Mountain Brewpub, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Alabama to employ Long & Upton, LLC as counsel. The firm will provide these services: a. give the Debtor legal advice with respect to its powers and duties as Debtor-in-possession; b. negotiate and formulate a plan of arrangement under Chapter 11 which will be acceptable to its creditors and equity security holders; c. deal with secured lien claimants regarding arrangements for payment of its debts and contesting the validity of the same; d. prepare the necessary petition, answers, orders, reports, and other legal papers; and e. all other services which may be necessary. The firm will be paid at these rates: Harry P. Long $440 per hour Stacy L. Upton $350 per hour Paralegal $150 per hour The firm will be paid a retainer in the amount of $27,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Long 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: Harry P. Long, Esq. Stacy L. Upton, Esq. Long & Upton, LLC P.O. Box 1468 Anniston, AL 36202 Tel: (256) 237-3266 Email: hlonglegal8@gmail.com suptonlaw@gmail.com About Coldwater Mountain Brewpub, LLC Coldwater Mountain Brewpub, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Ala. Case No. 26-40813) on July 15, 2026. The Debtor hires Long & Upton, LLC as counsel. CROSBY MARINE: Wants to Protect CEO from Merchant Cash Lenders -------------------------------------------------------------- James Nani of Bloomberg Law reports that bankrupt marine transportation company Crosby Marine Transportation LLC is seeking court approval to shield its chief executive, Kurt J. Crosby, from creditor collection efforts during its Chapter 11 proceedings. The company argues that allowing lenders to pursue the executive personally would interfere with its ongoing reorganization and marketing process. In court filings submitted July 17, 2026, Crosby Marine said approximately 15 secured lenders and 30 merchant cash advance providers have initiated or threatened collection actions based on personal guarantees executed by the CEO before the bankruptcy filing. The debtor contends that those efforts risk disrupting the restructuring. The company maintains that Crosby's continued involvement is vital to maintaining customer relationships, managing operations, and advancing negotiations with potential purchasers. It argues that forcing the CEO to defend multiple collection actions simultaneously could impair the company's ability to complete a successful restructuring or sale, according to report. Crosby Marine is therefore asking the court to extend bankruptcy-related protections to its CEO by temporarily preventing creditors from pursuing claims against him while the Chapter 11 case proceeds, the report relays. About Crosby Marine Transportation Crosby Marine Transportation, LLC, through its affiliates, provides marine transportation, dredging and marine construction services along the Gulf Coast, operating a fleet of about 200 vessels and marine equipment, including tugs, barges and dredging assets, from Golden Meadow and Houma, Louisiana. Founded in 1977 by Vinton and Kurt Crosby, the company serves commercial, government and energy customers, employs about 850 full-time workers and holds a 49.9% interest in Luhr Crosby, which provides rock and marine construction services. Crosby Marine Transportation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10678) on Mar. 23, 2026. In the petitions signed by Lawrence Perkins, chief restructuring officer, Crosby Marine disclosed up to $500 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. The Debtors tapped Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel; Aymond James & Associates, Inc. as investment banker; and Stretto, Inc. as claims, noticing, and solicitation agent. DAVID & MEGAN MCARDLE: Confirmation Hearing Scheduled for Sept. 16 ------------------------------------------------------------------ Judge Clifton R. Jessup, Jr. of the U.S. Bankruptcy Court for the Northern District of Alabama set a confirmation hearing for Sept. 16 in David McArdle and Megan McArdle's bankruptcy case. The deadline to file the memorandum in support of confirmation and ballot summary is on Sept. 9. David McArdle and Megan McArdle filed for Chapter 11 bankruptcy protection (Bankr. N.D. Ala. Case No. 26-80402) on February 24, 2026, listing under $1 million in both assets and liabilities. The Debtors are represented by Stuart Maples, Esq., at Thompson Burton, PLLC. DIGGERS EXCAVATION: Gets OK to Use Cash Collateral Until Aug. 31 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, New Bern Division, entered a fourth interim order authorizing Diggers Excavation and Grading, Inc. to use cash collateral. Under the fourth interim order, the Debtor is authorized to use cash collateral in accordance with an approved budget covering the period from August 1 to August 31, with a 10% variance permitted for individual budget line items. The authority remains effective unless superseded by another cash collateral order, terminated for cause, or expires on August 31. The Debtor projects total operational expenses of $33,274.61 for August. As adequate protection, secured creditors will be granted liens extending to post-petition assets to the extent they held valid and enforceable pre-petition liens. However, the order preserves the rights of the Debtor and other parties to challenge the validity, enforceability, or priority of any pre-petition liens. The order also provides that these protections survive modification, conversion to Chapter 7, or dismissal of the bankruptcy case. The Debtor is further required to remain current on all post-petition tax obligations, including payroll and sales taxes, and may not dispose of assets outside the ordinary course of business without consent or court approval. A continued hearing is scheduled for August 5. About Diggers Excavation and Grading Inc. Diggers Excavation and Grading Inc is a construction services company engaged in excavation, grading, and demolition for residential and commercial projects. Diggers Excavation and Grading sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01783) on April 21, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Bobbie Lisa Ayala, president of Diggers Excavation and Grading, signed the petition. Judge Pamela W. McAfee oversees the case. George Mason Oliver, Esq., at the Law Offices of George Oliver, PLLC, represents the Debtor as bankruptcy counsel. EMPIRE YORKTOWN: Case Summary & Three Unsecured Creditors --------------------------------------------------------- Debtor: Empire Yorktown LLC 340 South Julian Street Naperville, IL 60540 Business Description: Empire Yorktown LLC, doing business as Empire Burgers and Brew, operates a restaurant and bar from leased space at The Shops on Butterfield within Yorktown Center in Lombard, Illinois. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-11705 Debtor's Counsel: Gregory K. Stern, Esq. GREGORY K. STERN, P.C. 53 West Jackson Boulevard, Suite 1442 Chicago, IL 60604 Tel: (312) 427-1558 Fax: (312) 427-1289 E-mail: greg@gregstern.com Total Assets: $0 Total Liabilities: $3,893,033 The petition was signed by William P. Cullen as manager. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3U6PBUI/Empire_Yorktown_LLC__ilnbke-26-11705__0001.0.pdf?mcid=tGE4TAMA FINCH PROPERTY: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Finch Property Chicago, LLC received second interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral from July 1 through July 31, 2026, to fund ordinary business operations. Under the second interim order, the Debtor is authorized to use cash collateral only for expenses included in the approved budget. Aggregate monthly disbursements may exceed the budget by up to 10%, provided there are no changes to officer salaries or rent. The Debtor may not incur additional administrative expenses, other than approved professional fees, without prior Court approval after notice to Loan Funder, LLC. As adequate protection, Loan Funder, LLC will be granted replacement liens on the Debtor's pre-petition and post-petition property, with the same validity, extent, and priority as its pre-petition liens. In addition, the lender is entitled to receive monthly contractual interest payments of $1,310.36. As further protection, the Debtor is required to maintain insurance on all assets at the greater of replacement value or fair market value, name Loan Funder s an additional insured or loss payee and provide proof of coverage upon request. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/0s8vH from PacerMonitor.com. Loan Funder, as secured lender, is represented by: Timothy R. Yueill, Esq. Law Offices of Ira T. Nevel, LLC 175 N. Franklin St., Ste. 201 Chicago, IL 60606 Phone: 312-357-1125 TimothyY@nevellaw.com About Finch Property Chicago, LLC Finch Property Chicago, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill., Case No. 26-08890) on May 25, 2026, with $100,001 to $500,000 in both assets and liabilities. Matthew Brash of Newpoint Advisors Corporation serves as Subchapter V trustee for the Debtor. Judge Nancy A. Peterman presides over the case. Penelope N. Bach, Esq., at Bach Law Offices represents the Debtor as bankruptcy counsel. FREEDOM MORTGAGE: S&P Rates $500MM Senior Unsecured Notes 'B' ------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue rating and '4' recovery rating to Freedom Mortgage Holdings LLC's $500 million senior unsecured notes due 2032. The '4' recovery rating indicates its expectation of average (30%-50%; rounded estimate: 45%) recovery in a simulated default. S&P expects the transaction to be leverage neutral. The company intends to use the net proceeds to repay borrowings under its KeyBank credit facility. As of March 31, 2026, Freedom's debt to EBITDA rose to 4.6x from 4.3x at year-end 2025, primarily owing to lower servicing income. Debt to tangible equity increased to 1.8x from 1.7x over the same period. S&P said, "In our view, the transaction doesn't affect the company's credit quality, so our issuer credit rating on Freedom (B/Positive/--) is unchanged. "The positive outlook reflects our expectation that Freedom will maintain its competitive market position and relatively stable financial performance in a highly competitive origination environment, while continuing to expand its servicing portfolio organically and through targeted purchases. We expect Freedom to maintain sufficient liquidity for the next 12 months, adjusted debt to EBITDA in the range of 4x-5x, and debt to tangible equity well below 2.0x." Issue Ratings--Recovery Analysis Key analytical factors -- S&P's simulated default occurs in 2029 due to a rapid decline in mortgage servicing right (MSR) valuations. There could also be financial strain from regulatory changes or operational issues. -- As the company approaches default in our scenario, S&P assumes its assets will shrink as it sells MSRs for additional liquidity to fund operations. S&P said, "Ultimately, we assume the company would breach the advance rates on its secured funding facilities, leading to covenant violations. This would activate cross-acceleration provisions, allowing unsecured creditors to submit a claim for excess collateral after selling MSR assets pledged as collateral for priority claims. "In such a default scenario, we think creditors would liquidate the company's assets. The challenge of selling assets when the company is distressed incurs an additional realization factor, or discount." Simulated default assumptions -- High delinquency rates leading to depressed MSR valuations -- A sustained period of rapid amortization of MSRs with limited ability to refinance repayments -- Limited new originations, an increase in borrower delinquencies, and an increase in the discount rate to value MSRs Simplified waterfall -- Net enterprise value (after 5% administrative costs): $7.9 billion -- Collateral value available to secured debt: $7.9 billion -- Total first-lien debt at default: $5.3 billion -- Collateral value available to senior unsecured note claims: $2.6 billion -- Total unsecured debt at default: $5.5 billion --Recovery expectations: 45% ('4') Note: All debt amounts include six months of prepetition interest. GABBY INVESTMENT: To Sell Lawrence Property to Marie Rose Previlus ------------------------------------------------------------------ Gabby Investment LLC seeks permission from the U.S. Bankruptcy Court for the Western District of Massachusetts, to sell Property, free and clear of liens, claims, interest, and encumbrances. The Debtor's Property is located at 106 E Haverhill St, Lawrence, MA. The Debtor receives an offer to purchase its property by Marie Rose Previlus for $610,000.00. The Debtor believes that the intended private sale of the Property will be its best interests in the best interest of its Estate. The sale of the Property will be free and clear of all liens, claims, interests, and encumbrances. The Property is currently not providing any rental income, is amid reconstructive renovation, and is a continuing financial burden upon the Debtor and its interests. The Debtor requests that the Court's order authorizing the Private Sale provides that any liens, claims, interests, or encumbrances in or against the Property sold at the private sale shall attach to the sales proceeds and be paid at closing. About Gabby Investment LLC Gabby Investment LLC is a privately held investment and asset-holding company engaged in the ownership, management, and administration of investment-related assets and business interests. Gabby Investment LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40673) on June 5, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor is represented by Marcus L. Scott, Esq. of ScottCollins, LLP. Stephen Darr serves as Subchapter V Trustee. GLASS TUNNEL: Case Summary & Four Unsecured Creditors ----------------------------------------------------- Debtor: Glass Tunnel LLC 23838 Pacific Coast Highway #2833 Malibu, CA 90265 Business Description: Glass Tunnel LLC is a Malibu, California- based real estate investment and development company. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11019 Judge: Hon. Ronald A Clifford III Debtor's Counsel: David B. Golubchik, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Estimated Assets: $50 million to $100 million Estimated Liabilities: $50 million to $100 million The petition was signed by Scott Gillen as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ORYJVEQ/GLASS_TUNNEL_LLC__cacbke-26-11019__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Four Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Deco Drywall & Plaster, LLC Construction $125,556 130 N Calle Cesar Chavez #2 Santa Barbara, CA 93103 Tel: (805) 563-8901 2. Channel Islands Construction $65,474 Roofing, Inc. 4155 North Southbank Rd. Oxnard, CA 93036 Tel: (805) 485-1622 3. Brandt Construction Company Construction $50,710 P.O. Box 1138 Moorpark, CA 93020 Tel: 805-501-6160 4. Prime Aire, Inc. Construction $18,876 7625 Hayvenhurst Ave Van Nuys, CA 91406 Tel: (818) 988-7800 GLOBAL MIDSOUTH: Taps Law Offices of Geno and Steiskal as Counsel ----------------------------------------------------------------- Global Midsouth Corp. seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to hire Law Offices of Geno and Steiskal, PLLC to serve as legal counsel. The firm will provide these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions and applications necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning the Debtor arising out of or following the acceptance, consummation or rejection of such plan; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these hourly rates: Craig M. Geno, Esq. $500 Christopher J. Steiskal, Sr. $400 paralegals $275 The Debtor also paid the firm a $15,000 retainer, which includes the $1,738 filing fee, less pre-petition time, to be applied to fees and expenses in the case. According to court filings, the firm represents no interests adverse to the Debtor or its estate, has no prohibited connections with creditors or other parties-in-interest, and its employment would be in the best interest of the estate. The firm can be reached at: Craig M. Geno, Esq. Christopher J. Steiskal, Sr., Esq. LAW OFFICES OF GENO AND STEISKAL, PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com csteiskal@cmgenolaw.com About Global Midsouth Corp. Global Midsouth Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-12453) on July 10, 2026. At the time of the filing, the Debtor had estimated assets of between $1,000,001 and $10 million and estimated liabilities of between $1,000,001 and $10 million. Law Offices of Geno and Steiskal, PLLC is Debtor's legal counsel. H.B. FULLER: S&P Rates Sr. Secured Revolving Credit Facility 'BB+' ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' issue-level ratings and '2' recovery ratings to H.B. Fuller Co.'s $800 million senior secured revolving credit facility due 2031 and $420 million senior secured term loan A due 2031. The company is using these facilities to refinance its existing revolver and term loan A that were due in 2028 (both not rated). All ratings on H.B. Fuller Co., including the 'BB' issuer credit rating, are unchanged. S&P notes H.B. Fuller's recently announced an offer to acquire Advanced Medical Solutions Group plc (AMS), fully financed through committed financing. The ultimate composition of the financing and the go-forward capital structure is unclear at this stage. The acquisition's completion is subject to several regulatory and AMS-specific approvals, but our base case assumes it will be executed this year. S&P believes this acquisition improves H.B. Fuller's business through additional scale, a wider product portfolio within the growing medical adhesives market and presence in highly specialized downstream applications with relatively higher margins and less cyclical demand. With the acquisition being fully funded with debt (as contemplated), S&P expects H.B. Fuller's weighted average credit metrics will remain appropriate for the rating (S&P Global Ratings-adjusted debt to EBITDA of 3x-4x and funds from operations (FFO) to debt of 12%-20%). For the last 12 months ended May 30, 2026, its debt to EBITDA was 3.5x and FFO to debt was 16.4%. S&P said, "We expect these metrics, following the acquisition close, will benefit from incremental EBITDA from AMS, targeted savings at both companies (about $55 million) and strong price-cost management at Fuller. We also view management's track record of reducing leverage post acquisitions and recent public statements on improving net leverage to their target range of under 3x as favorable." S&P said, "At the same time, we remain cognizant of potential risks such as integration challenges, delays in achieving synergies, high restructuring expenses, and weaker-than-anticipated industry demand due to global trade uncertainties. We intend to review the transaction's impact on H.B. Fuller's credit profile and issue-level ratings once we have more details on the pro-forma capital structure." Issue Ratings--Recovery Analysis Key analytical factors S&P updated its recovery analysis of Fuller to reflect the new debt structure following the refinancing. It includes: --$800 million first-lien revolving credit facility due July 2031; --$420 million first-lien term loan A due July 2031; --$1,000 million (current balance $974 million) first-lien term loan B due February 2030; --$300 million senior unsecured notes due February 2027; and --$300 million senior unsecured notes due October 2028. S&P said, "For this recovery analysis, we have not incorporated any committed debt that may be raised to fund the planned AMS acquisition given uncertainties around its size, security structure, pricing and other key terms and conditions. Accordingly, at this stage our valuation of H.B. Fuller does not include the AMS business. We will revisit our analysis once there is greater visibility on the go-forward capital structure, which we expect over the next few quarters. "Our '2' recovery rating on the company's senior secured debt benefits from a junior debt cushion and indicates our expectation for substantial (70%-90%; rounded estimate: 80%) recovery in the event of a payment default. The issue-level rating is 'BB+', which is one notch above our issuer credit rating. "The '5' recovery rating on the company's senior unsecured notes indicates our expectation for modest (10%-30%; rounded estimate: 25%) recovery in the event of payment default. The issue-level rating is 'BB-', one notch below our issuer credit rating. "We have valued H.B. Fuller on a going-concern basis by applying a 6x multiple to our projected emergence EBITDA. This multiple is 0.5x higher than the multiples we use for other specialty chemical companies, such as Minerals Technologies Inc., due to our assessment of the company's business risk profile as satisfactory, which is highlighted by its relatively steady EBITDA generation throughout various cycles." Simulated default assumptions -- Year of default: 2031 -- EBITDA at emergence: $324 million -- Implied enterprise valuation multiple: 6x Simplified waterfall -- Net enterprise value (after 5% administrative expenses): $1.8 billion -- Valuation split (obligor / non-obligor): 55%/45% -- Collateral value available to secured debt: $1.56 billion -- Deficiency claims on secured debt: $451 million -- Unencumbered recovery value: $291 million -- Proportional recovery value for secured debt from deficiency claims: $123 million -- Aggregate value available to secured claims: $1.68 billion -- Aggregate secured debt claims: $2.01 billion --Recovery expectations: 70%-90% (rounded estimate: 80%) -- Proportional recovery value available to unsecured debt: $168 million -- Total unsecured debt: $615 million --Recovery expectations: 10%-30% (rounded estimate: 25%) Note: All debt amounts include six months of prepetition interest. HEALING WITH CAARE: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Healing with CAARE, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of North Carolina to use cash collateral to fund operations. Under the third interim order, the Debtor is authorized to use cash collateral in accordance with a court-approved budget through Aug. 7 or until the occurrence of certain terminating events, including confirmation of a Chapter 11 plan, dismissal or conversion of the Debtor's bankruptcy case, an uncured default, or further order of the court. The Debtor is authorized to make additional expenditures on any one particular expense line item, not to exceed ten percent (10%) of the budgeted amount. Healing with CAARE estimates the value of its secured assets at around $600,000, indicating that there is likely sufficient equity in the collateral to protect lenders' interests. Secured lenders Wells Fargo Bank and Institute Capital, Inc. hold security interests in the Debtor's assets, which consist primarily of accounts receivable generated from the Debtor's services and real estate holdings. At the time of the Debtor's Chapter 11 filing, the lenders were owed approximately $465,000, exclusive of attorneys' fees, costs, and other charges. As adequate protection for any diminution in the value of their collateral, the lenders will receive post-petition replacement liens on the Debtor's post-petition property, with the same validity, priority, and enforceability as their pre-petition liens. Institute will receive adequate protection payments in the amount of $5,875.72 each month, subject to the Court's approval of the Debtor's proposed cash collateral budget. The third interim order preserves all parties' rights to challenge the validity, priority, extent, enforceability, or amount of any secured claims and liens at a later stage of the case. The order is available at http://urlcurt.com/u?l=1jgv3ffrom PacerMonitor.com. The next hearing is set for Aug. 6. About Healing with CAARE Inc. Healing with CAARE, Inc. operates a substance use treatment provider in Durham, North Carolina. The organization provides outpatient and residential treatment services, including outpatient counseling, opioid treatment, intensive and comprehensive outpatient programs, DWI services, counseling, clinical assessments, case management, peer support, and recovery support services. It serves adults with substance use disorders, and its residential program serves men in recovery. Healing with CAARE sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. N.C. Case No. 26-80137) on May 6, 2026, listing assets of between $1 million and $10 million and liabilities of between $500,001 and $1 million. Carolyn Hinton, president and executive director of Healing with CAARE, signed the petition. Judge Lena M. James oversees the case. Florence A. Bowens, Esq., at Florence A. Bowens, Attorney at Law, represents the Debtor as bankruptcy counsel. HERITAGE GROCERS: Begins Debt Negotations with Creditor Advisers ---------------------------------------------------------------- Reshmi Basu of Bloomberg News reports that Heritage Grocers Group has entered negotiations with a group of its lenders as the supermarket chain explores ways to address its debt obligations, according to people familiar with the discussions. The grocery retailer, which is backed by Apollo Global Management, is working with PJT Partners as its financial adviser during the restructuring talks. Lenders have strengthened their position by signing a cooperation agreement and engaging Gibson, Dunn & Crutcher LLP to provide legal advice. They have also retained Evercore Inc. to advise on financial matters as they negotiate with the company over possible debt restructuring alternatives, according to report. Market pricing indicates growing concern over Heritage Grocers' capital structure. The company's term loan exceeding $860 million, which matures in 2029, has recently traded at roughly 65.25 cents on the dollar, a level commonly associated with distressed debt and heightened restructuring risk, the report relays. Although negotiations are underway, the company has not announced any formal restructuring transaction or bankruptcy filing. Instead, both Heritage Grocers and its creditors appear to be evaluating options that could improve the retailer's financial position while allowing it to continue normal operations, the report states. About Heritage Grocers Group Headquartered in Ontario, California, Heritage Grocers Group, LLC operate 115 grocery stores in six states in the Southwest and Chicago area. The company is owned by funds managed by Apollo and generates about $3.0 billion in revenue. HIGH STREET: Seeks to Hire Rollins Law Firm as Counsel ------------------------------------------------------ High Street Hotel Group LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire The Rollins Law Firm, PLLC to serve as counsel. The firm will provide these services: (a) advising the Debtor concerning its rights and duties under the Bankruptcy Code; (b) preparing and filing schedules, statements, reports, motions, applications, and other pleadings; (c) prosecuting requests to use cash collateral and obtain access to estate funds; (d) representing the Debtor in negotiations and litigation with creditors and other parties in interest; (e) advising concerning executory contracts, unexpired leases, franchise and management agreements, claims, financing, valuation, sale, and plan issues; (f) preparing and prosecuting a disclosure statement and plan, if appropriate; and (g) performing other legal services necessary for administration of the case. The firm's current hourly rates are $425 for Thomas C. Rollins, Jr.; $360 for Jennifer A. Curry Calvillo; $155 for paralegals; and $100 for legal assistants. Before the petition date, the firm received a $25,000 security retainer from Desai Companies LLC. The firm will seek compensation and reimbursement of expenses pursuant to Sections 330 and 331 of the Bankruptcy Code, the Bankruptcy Rules, applicable local rules, and orders of the Court. The Rollins Law Firm, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Thomas C. Rollins, Jr. Jennifer A. Curry Calvillo, Esq. THE ROLLINS LAW FIRM, PLLC P.O. Box 13767 Jackson, MS 39236 Telephone: (601) 500-5533 E-mail: trollins@therollinsfirm.com About High Street Hotel Group, LLC High Street Hotel Group, LLC is a Jackson, Mississippi-based hotel operator that owns and operates the Holiday Inn Express & Suites Jackson Downtown-Coliseum. The company also maintains a significant student housing agreement with Jackson State University for the 2025-2026 academic year, providing 106 hotel rooms under a contract valued at approximately $2 million. The Chapter 11 filing follows ongoing financial challenges and comes after a March 2026 court ruling partially denied a motion to dismiss litigation involving historical allegations related to the property. High Street Hotel Group, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01916) on July 15, 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 Jamie A. Wilson handles the case. The debtor is represented by Thomas Carl Rollins Jr., Esq., of The Rollins Law Firm, PLLC. HILL METAL: Gets Interim OK to Use Cash Collateral -------------------------------------------------- Hill Metal Development, LLC received interim approval from the U.S. Bankruptcy Court for the District of Kansas to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral based on a court-approved budget through Aug. 15 or until further court order. The Debtor needs to use cash collateral to continue operating its Holiday Inn Express & Suites while pursuing a reorganization. At the time of filing, the Debtor reported approximately $2,500 in bank account balances and cash equivalents. Creditors that may assert security interests in the Debtor's assets include Craft Bank, Commercial Capital Company, Vstate Filings the Representative, and Flash Funding, LLC, each of which has allegedly filed UCC financing statements between September 2023 and April 2026. Although the Debtor has not yet completed a full analysis of all asserted liens, it believes that Craft Bank holds properly perfected security interests in the hotel's accounts receivable, inventory, and accounts. Craft Bank, the Debtor's primary lender, will be granted replacement security interests in, and liens on, all post-petition property of the Debtor that is similar to its pre-petition collateral. This replacement lien does not apply to any Chapter 5 causes of actions. In addition, the Debtor is required to make a $20,000 payment to Craft Bank beginning Aug. 30 and thereafter, pending further court order. The order is available at http://bankrupt.com/misc/HillMetal_ICCOrder49.pdf The next hearing is set for Aug. 13. Hill Metal Development has operated the Holiday Inn Express & Suites hotel since 2022 but encountered significant cash flow difficulties as a result of extensive property renovations designed to improve the hotel's condition and competitiveness. These capital improvements included installing new bathtubs and televisions, replacing carpeting in public areas and 16 guest rooms, repainting exterior surfaces and first-floor guest units, and upgrading lighting fixtures throughout the hotel. At the same time, the Debtor was defending against a state court receivership action initiated by Craft Bank, placing additional financial pressure on the business. The Debtor said that despite these challenges, the hotel can continue operating successfully and meet its obligations if it is allowed to maintain control over its bank accounts and ongoing cash flow. About Hill Metal Development LLC Hill Metal Development, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-20999-DLS) on July 6, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Dale L. Somers presides over the case. Colin N. Gotham, Esq., at Evans & Mullinix, P.A. represents the Debtor as legal counsel. INOTIV INC: Taps Deloitte Tax as Tax Advisory Services Provider --------------------------------------------------------------- Inotiv, Inc., et al. seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Deloitte Tax LLP as tax advisory services provider. The firm will provide the following services: (a) provide tax advisory services in connection with federal, foreign, state and local tax matters; (b) provide tax briefings, tax return preparation and other tax services for certain current and former employees and contractors, including preparing U.S. federal, state, local and foreign tax returns, FinCEN Forms 114, digital asset reporting, tax settlement calculations, responding to tax notices, and other tax compliance services; (c) provide tax inventory advisory services, including Uniform Capitalization (UNICAP) calculations, analysis of trial balances and cost centers, Schedule M adjustments, preparation of UNICAP calculations, and historic absorption ratio election statements and calculations; (d) provide transfer pricing services, including preparation of transfer pricing memoranda, master file reports, and comparable company analyses for certain intercompany transactions; (e) provide tax advisory services relating to the Debtors' restructuring and bankruptcy filing, including tax planning, restructuring analysis, tax basis calculations, cancellation of debt income analysis, tax attribute planning, ownership change analysis, tax treatment of reorganization costs, state tax planning, tax reporting, and other U.S. and non-U.S. tax matters; and (f) provide federal and state income tax return preparation services, including extension payment calculations and requests for tax years 2024 through 2026. Prior to the Petition Date, Deloitte Tax received retainers totaling approximately $200,000. The firm will bill the Debtors based on agreed-upon hourly rates ranging from $250 to $1,410, depending on the services performed and the experience level of the professionals involved. It also estimates annual tax return preparation fees of $425,000, UNICAP calculation fees of $9,500 to $11,750 per entity plus expenses, historic absorption ratio election fees of $5,000 per entity plus expenses, and $53,000 for transfer pricing services. Deloitte Tax is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Michael Steinsaltz, Partner DELOITTE TAX LLP 1700 Market Street, Suite 2700 Philadelphia, PA 19103 About Inotiv, Inc Inotiv, Inc. is a contract research organization dedicated to providing nonclinical and analytical drug discovery and development services primarily to the pharmaceutical and medical device industries and selling a range of research-quality animals and diets to the same industries as well as academia and government clients. The Company's products and services focus on bringing new drugs and medical devices through the discovery and preclinicalphases of development and, in certain cases, the clinical phases of development, all while focusing on increasing efficiency, improving data, and reducing the cost of discovering and taking new drugs and medical devices to market. Indianapolis, Ind.-based Ernst & Young LLP, the Company's auditor since 2021, expressed substantial doubt regarding the Company's ability to continue as a going concern. In its "going concern" qualification dated December 5, 2025, included in the Company's Annual Report on Form 10-K for the year ended September 30, 2025, Ernst & Young reported that the Company has negative operating cash flows, operating losses and net losses, is forecasting non-compliance with certain covenants under its loan agreements, and has significant debt obligations due within the next 12 months. West Lafayette, Ind.-based Inotiv, Inc. and several affiliates filed for Chapter 11 bankruptcy (Bankr. S.D. Texas Lead Case No. 26-bk-90601) on June 3, 2026. The Hon. Christopher M Lopez presides over the case. In their petitions, the Debtors listed estimated assets and liabilities of $500 million to $1 billion. As of Dec. 31, 2025, Inotiv reported $734.3 million in total assets, $625.3 million in total liabilities, and $109 million in total equity. The Debtors hired Ropes & Gray LLP as general bankruptcy counsel; Hunton Andrews Kurth LLP, as co-bankruptcy counsel; Perella Weinberg Partners, as investment banker; FTI Consulting, Inc., as financial advisor; and Kroll Restructuring Administration LLC, as notice, claims, solicitation and balloting agent. Acquiom Agency Services LLC, serves as the administrative agent and collateral agent for a syndicate of lenders providing DIP financing. Davis Polk & Wardwell LLP and Haynes and Boone, LLP represent the First Lien Ad Hoc Group. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cole Schotz, P.C. represent the Ad Hoc Noteholder Group of the Prepetition PIK Notes and Prepetition Convertible Notes. INTEGRATED ENDOSCOPY: Seeks $640,000 DIP Loan From Insiders ----------------------------------------------------------- Integrated Endoscopy, Inc. asks the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, for approval of a fifth interim post-petition financing package, the granting of a post-petition lien, the distribution of financing proceeds, and the approval of a stipulation to use cash collateral. The Debtor seeks to secure critical operational funding for a 90-day period spanning August 1, 2026, to October 31, 2026, to pay ongoing business expenses and preserve the estate's viability. Initially, the Debtor faced severe operational challenges due to a lack of confidence in its survival following Research Corporation Technologies, Inc.'s default notice and the abrupt resignation of its former CEO. Despite these initial hurdles, the current CEO successfully secured FDA 510(k) clearance for the company's wireless camera in November 2025—a crucial milestone the former CEO was unable to achieve. This wireless camera serves as the foundation for a comprehensive, profitable global product line, with a full marketing and sales plan anticipated to be operational by the third or fourth quarter of 2026. The Debtor is also finishing development of a disposable cannula (expected late in the second quarter of 2026), which European distributors indicate will unlock multi-million dollar contracts with major hospital networks, ultimately supporting a planned Series D funding round. Active sales efforts have resumed in the U.S., targeting ambulatory surgical centers by cooperating with specialized distributors and representatives. Additionally, the Debtor expects to secure a promising original equipment manufacturer account by the second half of 2026 and is negotiating a recurring 500-scope quarterly order with its distributor in Saudi Arabia. Because of these rapid commercial developments, the Debtor anticipates filing a formal plan of reorganization by the end of the third or fourth quarter of 2026, once these pending sales efforts come to fruition. The bankruptcy case has transitioned toward a much more stable footing. Although RCT continuously objected to the Debtor's early reorganization efforts, the parties successfully resolved their disputes during a mediation session on July 6. The Debtor is currently documenting this settlement and plans to file a formal Rule 9019 approval motion in the near future. This major breakthrough significantly narrows the active litigation in the case, allowing the Debtor to focus on resolving smaller claim objections—such as those surrounding former CEO Brad Sharp—and reviewing the 22 proofs of claim submitted prior to the February 1, 2026 bar date. To satisfy court directives, the Debtor has engaged Arias Valuation Group, LLC to conduct a formal appraisal of its intellectual property. Though the appraisal process was initially delayed due to various firms' reluctance to work with a debtor in bankruptcy, the Court approved Arias' employment on February 19, 2026. The Debtor is actively supplying Arias with necessary operational data and expects the valuation report to be completed within six to eight weeks. Additionally, Chapter 11 Examiner Mark Sharf has completed his investigation into the pre-petition relationship between RCT and the former CEO. The Examiner has filed a sealed copy of his final report with the Court, further facilitating the mediation and subsequent settlement between the Debtor and RCT. To sustain its operations while its commercial initiatives mature, the Debtor has negotiated a fifth interim Post-Petition Loan of $640,000 from insiders David Chou (CEO and shareholder) and Quartus AI Fund LP (a major shareholder represented by board member Afzal M. Tarar). Having exhausted other financing channels, the Debtor determined that the Lenders' offer represents the best available terms. The loan is structured under a Security Agreement and Promissory Note nearly identical to the prior four DIP loans (which previously totaled $450,000, $670,000, $750,000, and $1,000,000, respectively). The loan features a 10% annual interest rate, has no pre-payment penalties or guarantors, and matures at the earliest of plan confirmation, case dismissal/conversion, or 12 months from the final order. The Lenders will receive a security interest in all of the Debtor's assets—including inventory, intellectual property, and receivables—subordinate to all existing pre-petition liens and the Lenders' own prior post-petition liens. To ensure administrative efficiency and transparency, specific portions of the $640,000 loan proceeds will be deposited directly into designated professional trust accounts: "Bankruptcy Legal" and "CPA" funds will be held by Haberbush, LLP; "IP Legal" funds will go to Stout, Uxa, & Buyan, LLP; and "Asset Valuation Services" funds will go directly to Arias Valuation Group, LLC. Concurrently, the Debtor is seeking approval of a Cash Collateral Stipulation with the Lenders to utilize generated business revenues to pay ordinary monthly operating expenses. Under this agreement, the Debtor's actual expenditures must remain within a strict 10% aggregate variance of the proposed budget. The authorization to use cash collateral will run until the occurrence of a default event or October 31, 2026, by which time the Debtor intends to seek authority for a longer-term, post-petition loan on regular notice. A hearing on the matter is set for July 29, at 1:30 p.m. A copy of the motion is available at https://urlcurt.com/u?l=Rq32IC from PacerMonitor.com. About Integrated Endoscopy Integrated Endoscopy Inc. develops wireless arthroscopic and single-use rigid endoscope technology for surgical applications. Headquartered in Irvine, California, the privately held Company was founded in 1996 following its acquisition of Micro Optics Development Engineering Labs' optical design assets and markets its Nuvis Single-Use Arthroscope with plans to extend into additional procedure-specific endoscopes. Its intellectual property portfolio includes 19 issued patents across the U.S., Europe, Japan, Australia, and Canada covering lens systems, LED lighting, and molded glass optics. Integrated Endoscopy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-12121 on July 31, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Vanessa H. Haberbush, at Haberbush, LLP. IRD FUEL: Fuel Cell Maker Seeks Chapter 7 Bankruptcy in New Mexico ------------------------------------------------------------------ Matthew Reichbach of Albuquerque Business First reports that IRD Fuel Cells has filed for Chapter 7 bankruptcy protection, marking the end of operations for the fuel cell company with facilities in Albuquerque, New Mexico. The petition, filed on July 6, 2026, begins a court-supervised liquidation process that will be administered by a bankruptcy trustee. The company developed hydrogen fuel cell technologies intended for commercial and industrial power generation. Its Albuquerque location supported research, engineering, and manufacturing functions as the company pursued opportunities in the growing clean-energy market, according to report. Unlike Chapter 11 proceedings, Chapter 7 is designed to liquidate a company's assets rather than restructure its debts. The trustee will evaluate the company's property, conduct asset sales, and distribute the proceeds among creditors based on the Bankruptcy Code's priority rules, the report relays. IRD Fuel Cells joins a growing number of clean-energy businesses that have encountered financial distress as rising costs, tighter capital markets, and commercialization challenges continue to pressure companies throughout the renewable energy sector, Albuquerque Business First reports. About IRD Fuel Cells IRD Fuel Cells develops advanced hydrogen fuel cell technologies for commercial, industrial, and institutional customers. Operating from Albuquerque, New Mexico, the company has specialized in engineering fuel cell systems designed to deliver reliable, low-emission power for a variety of stationary and portable applications. IRD Fuel Cells sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.M. Case No. 26-10921) on July 6, 2026. Honorable Bankruptcy Judge Robert H. Jacobvitz handles the case. The Debtor is represented by Young Jun Roh, Esq. of Rimon P.C. IVS COMM: Gets Interim OK to Use Cash Collateral ------------------------------------------------ IVS Comm, Inc. received interim approval from the U.S. Bankruptcy Court for the Eastern District of Michigan, Detroit, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to fund its operations based on a court-approved budget, subject to a 10% variance. According to its schedules, the Debtor owns approximately $200,991 in assets, including about $133,818 in accounts receivable and $18,901 in cash, together comprising approximately $152,719 in cash collateral. Numerous creditors assert security interests in substantially all of the Debtor's personal property, including cash, deposit accounts, accounts receivable, inventory, equipment, general intangibles, and proceeds. Based on Michigan UCC filings, these creditors include KeyBank National Association, Breakout Capital, Spark Funding LLC, 7Even Capital, Nitro Advance, iLend Advance LLC, Blue Rock Capital Group, and others. The Debtor emphasized that although many creditors hold blanket liens, the Bankruptcy Code does not automatically render every creditor fully secured. Instead, under Section 506(a), secured status depends upon lien priority and the available collateral value. Applying these principles, the Debtor preliminarily concluded that KeyBank's approximately $45,850 claim, Breakout Capital's $50,684 claim, and Spark Funding's $35,766 claim are fully secured because sufficient collateral exists to satisfy them. Daytona Funding Solutions, by contrast, is estimated to hold only about $20,420 in secured value against a substantially larger claim of approximately $190,750, leaving most of its claim unsecured. Other merchant cash advance lenders including Fenix Funding, 7Even Capital, Nitro Advance, iLend Advance, Blue Rock Capital Group, Redstone Advance, and other junior lienholders are preliminarily classified as entirely unsecured because the available collateral is exhausted after satisfying senior liens. The Debtor said these preliminary determinations do not constitute admissions regarding the validity, priority, characterization, or enforceability of any creditor's claims. It reserves all rights to challenge whether various merchant cash advance agreements constitute true sales of receivables or disguised loans, as well as to raise defenses relating to perfection, priority, usury, unconscionability, equitable subordination, avoidance, and claim allowance. As adequate protection, creditors determined to possess a properly perfected pre-petition lien on the Debtor's cash collateral will receive replacement liens on post-petition assets similar to their pre-petition collateral. The collateral securing the replacement liens do not include claims or causes of action and their proceeds. In addition, KeyBank will receive payments from the Debtor in the amounts reflected in the budget. The order is available at http://bankrupt.com/misc/IVSComm_ICCOrder36.pdf The court scheduled a final hearing for Aug. 10. About IVS Comm Inc. IVS Comm, Inc., is a provider of cloud communication services for small to medium-sized companies that need the functionality and quality offered to large companies at an affordable cost. The company is based in Plymouth, Mich. IVS Comm, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-47549) on July 6, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $500,000 and estimated liabilities of $100,001 to $500,000. The Honorable Thomas J. Tucker handles the case. The Debtor is represented by Donald C. Darnell. Richardo I. Kilpatrick is appointed Subchapter V Trustee. J&J HOSPITALITY: Hires Thompson Law Group P.C. as Counsel --------------------------------------------------------- J&J Hospitality Group seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Thompson Law Group, P.C. as counsel. The firm will render these services: a. give legal advice with respect to the Debtor's powers and duties as debtor-in-possession; b. take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on behalf of the Debtor, the defense of any actions commenced against the Debtor, negotiations concerning all litigation in which the Debtor is involved and object to claims filed against the Debtor's estate; c. prepare all necessary motions, answers, reports, orders, and other legal papers in connection with the administration of the Debtor's estate; d. perform any and all other legal services for the Debtor in connection with its Chapter 11 case; e. perform such legal services as the Debtor may request with respect to any matter appropriate in assisting the Debtor's effort to reorganize. The firm's hourly billing rates for attorneys is $400, and $90 per hour for services performed by paralegals. Prior to the petition date, the firm received a retainer of $10,000 from the Debtor. Mr. Thompson is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14) and its retention is in the best intertest of the Debtors' estate, according to court filings. The firm can be reached through: Brian C. Thompson, Esq. Thompson Law Group, P.C. 301 Smith Drive, Suite 6 Cranberry Township, PA 16066 Tel: (724) 799-8404 Fax: (724) 799-8409 Email: bthompson@thompsonattorney.com About J&J Hospitality Group J&J Hospitality Group is a Warrendale, Pennsylvania-based full-service restaurant and bar operator. The company operates restaurant locations in Warrendale and Harmony, Pennsylvania, and also maintains a fleet of mobile food trucks equipped with brick ovens. The business serves customers through dine-in and mobile food operations, with its Warrendale location offering seating capacity for approximately 140 guests. J&J Hospitality Group sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21943) on July 13, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $100,000 to $500,000. Honorable Gregory L. Taddonio handles the case. The debtor is represented by Brian C. Thompson, Esq., of Thompson Law Group, PC. J-CM Services: Hires The Lane Law Firm as Bankruptcy Counsel ------------------------------------------------------------ J-CM Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire The Lane Law Firm, PLLC to serve as bankruptcy counsel. The firm will provide these services: (a) assist, advise and represent the company relative to the administration of the Chapter 11 case; (b) assist, advise and represent the company in analyzing its assets and liabilities, investigating the extent and validity of liens and claims, and participating in and reviewing any proposed asset sales or dispositions; (c) attend meetings and negotiate with representatives of secured creditors; (d) assist in the preparation, analysis and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the company's interests; (f) appear before the Bankruptcy Court, appellate courts, and other courts as appropriate, and protect the company's interests before those courts and the United States Trustee; and (g) perform all other necessary legal services in the case. The firm's hourly rates are $725 for Robert "Chip" Lane, $700 for Joshua Gordon and Matthew Bourda, $625 for Zachary Casas, $600 for Kyle K. Garza, and $250 for paraprofessionals. Prior to the bankruptcy filing, the firm received a $35,000 retainer, of which $22,420.50 was applied to attorneys' fees and $3,970.20 to expenses, leaving a balance of $8,609.30 in trust. According to court filings, The Lane Law Firm, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert C. Lane, Esq. Joshua D. Gordon, Esq. THE LANE LAW FIRM, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 E-mail: notifications@lanelaw.com joshua.gordon@lanelaw.com About J-CM Services, Inc. J-CM Services, Inc. is an Argyle, Texas-based commercial construction and facility services company specializing in pre-engineered metal building (PEMB) and conventional construction projects. The company has served commercial and industrial clients throughout Texas and California, providing design, construction and facility-related services. Court filings do not specify the reasons for the Chapter 11 filing, and the company continues operating as a debtor-in-possession. J-CM Services, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42427) on July 16, 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 Bankruptcy Judge handles the case. The debtor is represented by Robert C. Lane, Esq., of The Lane Law Firm PLLC. JACKSON WALKER: US Trustee Denied Delay in Judge Romance Dispute ---------------------------------------------------------------- Emma Cueto of Law360 Bankruptcy Authority reports that a federal judge has refused to grant Jackson Walker LLP and the U.S. Trustee's Office a pause in litigation arising from the undisclosed relationship between former bankruptcy judge David R. Jones and former Jackson Walker partner Elizabeth Freeman. As a result, the legal challenges involving professional fees and disclosure obligations will proceed. Jackson Walker and the U.S. Trustee argued that the case should be stayed until appellate courts resolve related issues that could influence the litigation. The judge disagreed, determining that delaying the proceedings would not serve the interests of justice and that the parties failed to establish a compelling basis for a stay, the report states. The dispute has generated widespread attention throughout the bankruptcy community because Judge Jones handled numerous high-profile Chapter 11 cases in which Jackson Walker appeared as counsel. The fallout has prompted investigations into judicial ethics, disclosure requirements, and whether legal fees approved during that period should be returned, according to Law360. About Jackson Walker LLP Jackson Walker LLP is a law firm. The Firm's practice areas include aviation, antitrust, bankruptcy, energy, environmental, entertainment, health care, immigration, insurance, intellectual property, international, labor and employment, real estate, and tax law. JAK ENTERPRISES: Gets Extension to Access Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida entered a third interim order authorizing JAK Enterprises SWFL II, LLC to use cash collateral. Under the third interim order, the Debtor is permitted to use cash collateral in accordance with an approved budget, with flexibility of up to 10% per line item and limited aggregate variance. Funds held by third parties are deemed property of the estate and must be released immediately unless a valid claim is proven at the next hearing. Six creditors may hold perfected pre-petition liens on the cash collateral: CHTD Company (claim unknown), and Itria Ventures, LLC, Newco Capital Group VI, LLC, Novus Capital Funding II, LLC, Rewards Network Establishment Services, Inc., WebBank, and Florida Department of Revenue, whose combined claims total $847,541.97. As adequate protection, secured creditors will be granted post-petition replacement liens with the same validity and priority as their pre-petition interests. The Debtor must also maintain insurance, provide access to records, and comply with all obligations under the Bankruptcy Code. The order includes a default and cure mechanism, allowing creditors to seek restrictions if the Debtor fails to comply with its terms. A continued hearing is scheduled for September 9, to consider further use of cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/OgyIa from PacerMonitor.com. About JAK Enterprises SWFL II JAK Enterprises SWFL II, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00732) on April 8, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Michael C. Markham, Esq., at Johnson Pope Bokor Ruppel & Burns, LLP serves as Subchapter V trustee. Judge Hon. Luis Ernesto Rivera II oversees the case. The Debtor is represented by: Michael R Dal Lago, Esq. Tel: 239-571-6877 Email: mike@dallagolaw.com JUMP HARLINGEN: To Sell Assets to Multiple Buyers ------------------------------------------------- Jump Harlingen Inc., and its affiliates, Jump Colorado Springs Inc., and Jump Huntsville LLC, seek permission from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtors propose to sell the Property set forth in the Term Sheets attached as Exhibits 1–3. Exhibit Term Sheet for Jump Harlington Inc. - https://urlcurt.com/u?l=45bMdn Exhibit Term Sheet for Jump Colorado Springs Inc. - https://urlcurt.com/u?l=E4pXMc Exhibit Term Sheet for Jump Huntsville LLC - https://urlcurt.com/u?l=yWlqaG Based upon statements made by creditors in Classes 1 and 3, which are impaired classes, and the Debtors' landlords holding executory, commercial leases the sales transaction is fair and reasonable, considering the valuation of the Property and terms of the existing franchise agreements. Moreover, after being in bankruptcy for approximately five months, the combined offers of Goodmer Holdings, LLC and Salts Endeavors, LLC, are the only remaining offers for the purchase of the purchase of the Debtors' assets as the Plan Support Sponsor, Cloud Quest COS, LLC has withdrawn its support of the Plan and efforts to fund the Debtors' reorganization. The proposed buyers are not insiders of the Debtor, and the sale represents an arms-length transaction between the parties, made without fraud, collusion, and no attempt has been made by either party to take any unfair advantage of the other. The Buyers are purchasing the Property in good faith. The proposed sales are similar but not identical. Goodmer Holdings and Salts Endeavors propose to fund $700,000 in full satisfaction of the secured debt of Jump Colorado Springs due to First Internet Bank of Indiana and $475,000 in full satisfaction of the secured debt of Jump Huntsville due to Cross River Bank, respectively. As to Jump Harlingen, Goodmer Holdings proposes to structure the payment as either: (a) a payment of $575,000 through an assumption of the debt due to Cross River Bank at the interest rate of 4.95% for a 3-year period, or (b) payment of $475,000 in full satisfaction of the debt. In exchange, these buyers will acquire substantially all tangible and intangible assets of the Debtors upon the final approval of all closing conditions by the Bankruptcy Court. Additionally, the franchise agreements and leases of the respective Debtors will be assigned to the respective buyers. The proposed buyers are pre-approved Urban Air franchisees and intend to continue operating as Urban Air franchises following the closing. Any party interested in purchasing the Property (Upset Bidder) should file a notice of an upset bid with the Bankruptcy Court and serve a copy on the United States Trustee, and the undersigned counsel for the Debtors-in-Possession within the time set by the Court for objecting the to Motion to Sell. The Alternative Minimum Bid is $1,700,000. If for any reason the Winning Bidder fails to consummate the sale of the Property, the offeror of the second highest or best bid (subject to the same reservations) will automatically be deemed to have submitted the highest and best bid, and the Debtors-in-Possession will be authorized to effect the sale of the Property to such offeror without further order from the Bankruptcy Court. If such failure to consummate the purchase of the Property is the fault of the Winning Bidder, the Winning Bidder’s deposit, if any, shall be forfeited to the Debtors-in-Possession, and the Debtors-in-Possession specifically reserves the right to seek all available damages from the defaulting bidder. About Jump Harlingen Inc Jump Harlingen Inc, Jump Colorado SpringsInc., and Jump Huntsville LLC are Texas-based companies operating as franchisees under separate agreements with a common franchisor, UATP Management, LLC, and managing indoor adventure and trampoline park locations. The three companies function within the leisure and recreation industry, focusing on family entertainment and indoor activity centers. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90334) on February 16, 2026. In the petition signed by Aubrey Hall, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Leonard H. Simon, Esq., at Pendergraft & Simon, LLP, represents the Debtors as general bankruptcy counsel. LABFITOUT LLC: Gets Interim OK to Use Cash Collateral Until Aug. 10 ------------------------------------------------------------------- LabFitOut, LLC received interim approval from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral to fund operations. Under the interim order, the Debtor is authorized to use cash collateral from July 9 to Aug. 10 in accordance with the court-approved budget, subject to a 10% variance. As of the petition date, the Debtor reported approximately $1,700 in cash, accounts receivable with a book value of approximately $1.3 million, office furniture and equipment valued at roughly $2,000, and construction tools worth about $500. However, the receivables are potentially subject to approximately $1.4 million in setoff claims by general contractors, substantially reducing their liquidation value. Total liabilities are estimated at approximately $2.6 million, including roughly $2.044 million in unsecured debt owed to vendors and St. Peter, with the remaining debt consisting of six merchant cash advance obligations. Six merchant cash advance lenders may claim security interests in the Debtor's cash collateral: Samson Funding/Samson MCA, LLC, SQ Advance, Rowan Advance Group, LLC, Hunter Caroline Capital, LLC, I Got Funded, LLC, and Family Funding Group, LLC. Outstanding balances on these obligations range from approximately $42,500 to $146,000. However, the Debtor disputes both the enforceability of the MCA transactions and the validity of the lenders' asserted security interests. After the Debtor reincorporated in Florida in December 2025, no lender refiled a UCC financing statement in Florida within the applicable four-month grace period. Consequently, no merchant cash advance lender currently holds perfected security interests in its assets although it reserves all rights to challenge claims formally during the bankruptcy case. As adequate protection, the court granted the MCA lenders replacement liens on the Debtor's post-petition assets to the extent their cash collateral declines in value. These replacement liens are automatically perfected without additional UCC filings, provided the creditors' pre-petition liens are valid and perfected. The order is available at https://shorturl.at/lGppQ from PacerMonitor.com. The court scheduled a further hearing for Aug. 6, with objections due by Aug. 4. The Debtor specializes in designing and installing laboratory casework, scientific equipment, and specialty construction products for life sciences companies, biotechnology facilities, educational institutions, and government agencies throughout the Northeastern United States. Founded in 2014 as STEM Solutions, LLC, the business rebranded as LabFitOut LLC in 2025 to better reflect its focus on laboratory construction. At the end of 2025, D. Edward St. Peter, Jr., manager and sole owner, acquired the ownership interest held by his co-founder James Broderick, became the sole shareholder, and reincorporated the company in Florida to streamline management and position the business for future growth. The Debtor's financial distress stemmed from persistent cash flow problems rather than a lack of business. After the ownership transition, the company attempted to refinance existing merchant cash advance obligations through traditional banks and SBA-backed lending programs but was unsuccessful. As a result, it obtained additional merchant cash advance financing to bridge working capital shortages caused by project delays beyond its control. Rather than resolving the liquidity issues, the additional financing compounded the company's financial difficulties. St. Peter also personally invested more than $600,000 into the business to sustain operations and preserve jobs, but the relief proved temporary. Matters worsened when merchant cash advance lenders initiated aggressive collection efforts, including contacting customers and vendors, causing payment freezes and disrupting supplier relationships. These collection activities severely impaired the Debtors ability to operate, ultimately making a Chapter 11 filing necessary to stabilize cash flow and restructure its obligations. Despite its financial challenges, the Debtor remains operationally viable, maintains a strong reputation in its industry, and has numerous ongoing projects and an established customer base. The Debtor believes it can quickly return to profitability if permitted to continue operating under Chapter 11 protection. The Debtor argued that reorganization would produce a substantially better recovery for unsecured creditors than liquidation, which would result in the loss of all nine employees and generate little value beyond accounts receivable that are subject to potential setoff rights. About LabFitOut LLC LabFitOut, LLC is a Wakefield, Massachusetts-based specialty subcontractor that provides and installs laboratory casework, fume hoods, fixtures, and equipment for commercial and educational environments. The company provides lab fit-out services including pre-construction, project management, drafting, procurement, installation, and warranty support, serving sectors such as life sciences, K-12 education, higher education, healthcare, and government. LabFitOut LLC was founded in 2014. LabFitOut sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-11622) on July 7, 2026. In the petition signed by D. Edward St. Peter Jr., manager, the Debtor disclosed up to $10 million in both assets and liabilities. Kate E. Nicholson, Esq., at Nicholson Devine, LLC, represent the Debtor as legal counsel. LEGAL AND ADMINISTRATIVE: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------------------- On July 17, 2026, Legal and Administrative Services, LLC commenced a Chapter 11 bankruptcy case in the Southern District of Florida. Court documents indicate the company has between $500,000 and $1 million in debt and 1 to 49 creditors. Statement of Financial Affairs Deadline Set for July 31, 2026; Proofs of Claim Due September 25, 2026. About Legal and Administrative Services, LLC Based in Margate, Florida, Legal and Administrative Services, LLC provides administrative management and legal support services. Florida corporate filings identify the company as an administrative services provider operating from its principal office in Broward County. The company filed for protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19376) on July 17, 2026. Its bankruptcy schedules list estimated assets ranging from $500,000 to $1 million and estimated liabilities in the same range. The bankruptcy proceeding has been assigned to Honorable Craig A. Pugatch. LINQTO INC: Trustee Faces Suit After Backing Out of Bankruptcy Deal ------------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that bankrupt investment technology company Linqto Texas LLC has asked a Texas bankruptcy judge to force Forge Global Holdings Inc. to continue acting as trustee for a customer investment fund after Forge sought to step away from the assignment, allegedly because of instructions from its new parent company, Charles Schwab Corp. In a lawsuit filed Sunday, July 19, 2026, Linqto and the official committee of unsecured creditors said Forge notified them on July 15 that it would not administer the post-bankruptcy trust scheduled to launch on July 20. The debtors argue that Forge's refusal violates existing contractual commitments and threatens the implementation of the Chapter 11 restructuring. The trust plays a central role in managing customer investments and ensuring an orderly administration of assets following the bankruptcy filing. According to the complaint, replacing Forge at such a late stage would create operational disruptions, increase costs, and potentially prejudice customers and creditors relying on the trust's timely establishment, the report cites. The plaintiffs are seeking emergency court intervention requiring Forge to perform its contractual duties as trustee. They argue that enforcing the agreement is necessary to preserve the integrity of the restructuring process and protect the interests of Linqto's customers and creditors, according to Bloomberg. About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is represented by Kristen L. Perry, Esq., at Faegre Drinker Biddle & Reath, LLP, in Dallas, Texas; Richard J. Bernard, Esq., at Faegre Drinker Biddle & Reath, LLP, in New York; and Michael R. Stewart, Esq., and Adam C. Ballinger, Esq., at Faegre Drinker Biddle & Reath, LLP, in Minneapolis, Minnessota. Sandton may also be reached through Robert Rice, Esq. LSF12 CROWN: S&P Rates New Repriced Senior Secured Term Loan 'B-' ----------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level and '3' recovery ratings to LSF12 Crown Intermediate L.P.'s (Kidde Global Solutions; KGS) proposed repriced first-lien term loan ($1.829 billion outstanding as of June 30, 2026). The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a default. KGS' subsidiary LSF12 Crown US Commercial Bidco LLC is issuing the facility. S&P views the transaction, if completed as proposed, will be credit neutral, with anticipated annual cash interest savings of about $9 million. Preliminary second-quarter 2026 financial results indicate good revenue and EBITDA growth, driven by strength in the company's commercial segment, notably in North American markets. S&P forecasts S&P Global Ratings-adjusted EBITDA margins will remain in the mid-teens area in 2026 from new product contributions, the divestiture of a noncore business (completed July 1, 2026), and productivity actions. Further, the company made a $100 million term loan payment in July 2026. Lower debt balances and higher S&P Global Ratings-adjusted EBITDA support our forecast for deleveraging in 2026. Issue Ratings--Recovery Analysis Key analytical factors -- KGS's debt structure consists of a $250 million revolving credit facility due in 2029 and $1,829 million proposed repriced senior secured term loan B due in 2031. The recovery rating on these facilities is '3', indicating S&P's expectation for meaningful (50%-70%; rounded estimate: 55%) recovery for lenders in the event of a payment default. -- S&P's simulated default scenario considers a payment default in 2028, reflecting a sustained economic downturn that weakens KGS's main end markets and reduces customer demand, which in turn lowers profitability and cash flow. -- At that point, liquidity and capital resources would become constrained to the point that it could not continue to operate without filing for bankruptcy. S&P believes the underlying business would continue to have value and expect that it would seek to emerge from bankruptcy rather than pursue a liquidation. -- S&P values the company on a going-concern basis using a 5x multiple of its projected emergence EBITDA of $247 million. This reflects its sector anchor multiple, which S&P uses for most capital goods companies. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA multiple: 5x -- EBITDA at emergence: $247 million -- Jurisdiction: U.S. Simplified waterfall -- Net enterprise value at default (after 5% administrative costs): $1.24 billion -- Valuation split (obligors/nonobligors): 75%/25% -- Value available to secured debt (collateral/noncollateral): $1.18 billion ($1.072 billion/$103 million) -- Secured first-lien debt claims: $2.08 billion --Recovery expectations: 50%-70% (rounded estimate: 55%) S&P said, "Debt amounts include six months of accrued interest that we assume KGS will owe at default. Collateral value includes asset pledges from obligors plus equity pledges in nonobligors. We assume usage of 85% for cash flow." MEMA'S CHICK'N': Gets Court OK to Use Cash Collateral ----------------------------------------------------- MeMa's Chick'n' & Ribs, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. Under the court order, the Debtor is authorized to continue using cash collateral through Aug. 4 based on the approved budget, subject to a 10% line-item variance. The budget covers the period from July 2 through Aug. 1 and projects total operational expenses of $19,223.18. Several creditors may have valid security interests in these assets based on Uniform Commercial Code financing statements filed with the North Carolina Secretary of State. These include US Foods, Inc., which filed a UCC-1 financing statement in 2017 and continued it in 2022; Harvest Small Business Finance, LLC, which filed a financing statement in June 2024; and additional financing statements filed during 2025 and 2026 by C T Corporation System and Corporation Service Company (CSC), acting on behalf of unidentified secured creditors. As adequate protection, the court granted secured creditors post-petition replacement liens on the same types of collateral securing their pre-petition claims, but only to the extent those pre-petition liens were valid, perfected, enforceable, and non-avoidable. The Debtor expressly preserved its right to challenge the validity or priority of the secured creditors' pre-petition liens. The Debtor is required under the court order to remain current on all post-petition tax obligations and is prohibited from selling assets outside the ordinary course of business without the secured creditors' written consent and, where required, court approval. The granted liens and protections will remain effective even if the Debtor's Chapter 11 case is converted to Chapter 7 or dismissed. A final hearing is scheduled for Aug. 4. About MeMa's Chick'n' & Ribs L.L.C. MeMa's Chick'n' & Ribs operates a food service business and its sole source of income is revenue generated through its restaurant operations. MeMa's Chick'n' & Ribs 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. MICHELLE DEON LEE: Court Dismisses Bankruptcy Case with Prejudice ----------------------------------------------------------------- Judge Kimberley H. Tyson of the U.S. Bankruptcy Court for the District of Colorado dismissed the bankruptcy case of Michelle Deon Lee with prejudice for 180 days. Michelle Deon Lee filed for Chapter 11 bankruptcy protection (Bankr. D. Colo. Case No. 26-14100) on June 8, 2026. MKZ DISTRIBUTION: Taps Gamberg & Abrams as Bankruptcy Counsel ------------------------------------------------------------- MKZ Distribution LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Thomas L. Abrams, Esq. of Gamberg & Abrams to serve as general bankruptcy counsel. The attorney will provide these services: (a) advise the company with respect to its powers and duties in the continued management and operation of its business and properties; (b) attend meetings and negotiate with representatives of creditors and other parties-in-interest and advise and consult on the conduct of the Chapter 11 case, including all legal and administrative requirements; (c) advise the company on matters relating to the evaluation of the assumption, rejection or assignment of unexpired leases and executory contracts; (d) provide advice with respect to legal issues arising in or relating to the company's ordinary course of business; (e) take all necessary action to protect and preserve the estate, including prosecuting and defending actions, negotiating litigation matters, and objecting to claims; (f) prepare all motions, applications, answers, orders, reports and other papers necessary for the administration of the estate; (g) negotiate and prepare a plan of reorganization, disclosure statement and related agreements and documents, and take all necessary actions to obtain confirmation of the plan; (h) attend meetings with third parties and participate in negotiations relating to these matters; (i) appear before the Bankruptcy Court, appellate courts and the U.S. Trustee to protect the interests of the estate; and (j) perform all other necessary legal services and provide all other necessary legal advice in connection with the Chapter 11 case. Thomas L. Abrams, Esq. will be compensated at an hourly rate of $600, while Jared L. Gamberg, Esq. will be compensated at an hourly rate of $550. The firm previously received a $37,500 retainer, of which $23,098 was applied to pre-petition services and costs, leaving $14,402 in the firm's trust account. According to court filings, Gamberg & Abrams is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent any interest adverse to the estate. The firm can be reached at: Thomas L. Abrams, Esq. Jared L. Gamberg, Esq. GAMBERG & ABRAMS 1213 S.E. Third Avenue, Second Floor Fort Lauderdale, FL 33316 Telephone: (954) 523-0900 E-mail: tabrams@tabramslaw.com About MKZ Distribution LLC MKZ Distribution LLC is a Plantation, Florida-based women's clothing retailer that operates stores under the registered trade names Glamour Boutique and The Glamour Boutiques. The company specializes in women's apparel and fashion accessories, serving customers throughout South Florida. Formed in 2022, the retailer expanded its operations while maintaining an active presence in the region. MKZ Distribution LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19255) on July 15, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Hon. Laurel M. Isicoff handles the case. The debtor is represented by Thomas L. Abrams, Esq. ML DEV: Commences Chapter 11 Bankruptcy in Texas ------------------------------------------------ On July 17, 2026, ML Dev LP filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filings, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million, with 1 to 49 creditors. About ML Dev LP ML Dev LP is a Houston, Texas-based land subdivision and real estate development company focused on developing infrastructure for residential and commercial projects. The company’s operations include the construction of roads, water and sewer systems, detention ponds, and other site development improvements. Recent projects have included infrastructure planning for the Salado Vista wastewater treatment facility and matters involving regional land development rights. ML Dev LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35192) on July 17, 2026, in the Southern District of Texas. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Jeffrey P. Norman handles the case. The Debtor is represented by John Thomas Oldham, Esq. of Okin Adams LLP. MONICA W GRACE: Must File Plan, Disclosure Statement by Sept. 4 --------------------------------------------------------------- Judge Christopher J. Panos of the U.S. Bankruptcy Court for the District of Massachusetts ordered Monica W Grace to file a plan and disclosure statement on or before Sept. 4 in her bankruptcy case. Monica W Grace filed for Chapter 11 bankruptcy protection (Bankr. D. Mass. Case No. 25-12255) on October 21, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by John Sommerstein, Esq. NICK'S PIZZA: To Sell Restaurant Biz to Khiyyam Fazal for $3.4MM ---------------------------------------------------------------- Nick's Pizza & Pub, Ltd. seeks permission 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. Since the Debtor's confirmation of Chapter 11 plan on October 30, 2020, the Debtor has been unable to meet its operating projections and has experienced a 10% to 20% decrease in sales year-over-year. From conversations with vendors in the industry, the Debtor believes that the situation is not unique to Nick's but is a problem facing most restaurants in the full-service segment who have not come close to recovering from the effects of the pandemic. As a result, in an effort to maximize the value of its assets, Nick's has sought to sell its businesses as a going concern first through the investment banking services of Vestian Global Workplace Services LLC and its Managing Director, Marcus Cook and subsequently through its broker Lee & Associates of Illinois, LLC and Rick Scardino, formerly a principal of Lee & Associates of Illinois, LLC, but who has recently associated with Metro Commercial Real Estate, who Nick's was authorized to retain. Nick's operates two family restaurants located in Crystal Lake and Elgin, Illinois, respectively. Nick's has been in operation for over 29 years, with its Crystal Lake restaurant opened in 1995 and its Elgin facility opened in 2005. Both restaurants operate out of stand-alone facilities which are leased, and both facilities are approximately 9,300 square feet, each seating around 350 guests, excluding outdoor dining. The company and its restaurants have been an integral part of the communities they serve through their substantial involvement with local school, church and child programs. The lienholder of the Property are St. Charles Bank & Trust, SCB&T, Deck Capital, Inc., and the Small Business Administration. The Debtor receives an offer to purchase the business from Black Ice Holding, LLC, an Illinois limited liability company. The proposal includes option agreements to acquire the Elgin Property and the Crystal Lake Property. Black Ice was willing to act as a stalking horse purchaser. However, after Black Ice executed the purchase and sale agreement it advised Nick's that it was terminating the contract. Nick's, thereafter, terminated its engagement with Vestian and retained the services of Lee & Associates. Lee & Associates received Letters of Intent to purchase the properties from Randall & Bowes, LLC in the amount of $3,500,000.00. Unfortunately, R&B was unable to close on the transaction, and as a result, R&B's earnest money deposit of $50,000.00 was turned over to the Debtor and the R&B APA was terminated. Subsequently, through the efforts of Lee & Associates and Rick Scardino, the Debtor received and offer from Khiyyam Fazal. Overview of the terms and conditions of the Asset Purchase Agreement (APA) with Fazal is provided. Fazal shall pay to the Sellers as the purchase price for the acquired assets the amount of $3,400,000.00. Pursuant to the APA, $1,462,000,000 of the Purchase Price was allocated to the Crystal Lake real estate, $1,462,000.00 of the Purchase Price was allocated to the Elgin real estate, and $476,000 of the Purchase Price was allocated to the operating assets of Nick's. In the present case, there has been no fraud, or collusion between the Nick's and Fazal and the negotiations of the Fazal APA have been at arms-length. No business or familial relationship exists between Nick's and Fazal, nor between the principals, members or managers of Nick's and Fazal. Given the Debtor's inability to service its secured claims and leases, the Debtor believes that a diminution of value is likely to occur if a sale process is delayed unnecessarily and, the Debtor requests that the stay under Bankruptcy Rule 6004(h) be waived by the Court. About Nick's Pizza & Pub Ltd. Nick's Pizza & Pub, Ltd. is a family-friendly restaurants in Crystal Lake and Elgin, serving thin-crust Chicago pizza. Nick's Pizza & Pub filed Chapter 11 petition (Bankr. N.D. Texas Case No. 24-18037) on December 2, 2024, with assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Nicholas Sarillo, president of Nick's, signed the petition. Judge Janet S. Baer handles the case. Matthew T. Gensburg, Esq., at Gensburg Calandriello & Kanter, P.C. is the Debtor's legal counsel. St. Charles Bank & Trust Company, N.A., as lender, is represented by John Adam Powers, Esq., at Brotschul Potts, LLC, in Oak Brook Terrace, Illinois. NMR ENTERPRISES: Court OKs Continued Cash Collateral Access ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey issued a sixth interim order allowing NMR Enterprises NJ, LLC and Online Stores PA, LLC to continue using cash collateral and obtain post-petition financing to get through bankruptcy. Under the court order, the Debtors are authorized to use cash collateral strictly according to a court-approved budget from June 20 through August 4. The court also granted adequate protection to the primary secured lender, First National Bank of Pennsylvania, which had previously extended up to $7 million in revolving credit to Online Stores PA under a 2020 credit agreement. To protect the lender's interest, the Debtors must provide replacement liens on post-petition collateral and make an interest-only payment at the default rate under the pre-petition loan documents. The lender may also receive a superpriority administrative expense claim if its collateral value declines during the bankruptcy. In addition, the Debtors are authorized to obtain debtor-in-possession (DIP) financing of up to $200,000 during the interim period. The DIP lender will receive a second-priority security interest in the Debtors' collateral and a superpriority administrative claim for obligations under the DIP loan. The financing is intended to support ongoing operations and restructuring efforts while the Debtors remain under bankruptcy protection. The court also established procedures for challenging the lender's liens and required the Debtors to provide regular financial reporting, including daily borrowing-base certificates and accounts receivable reports, as well as weekly inventory, accounts payable, and sales platform reports from Shopify and Amazon. A final hearing on the motion is scheduled for August 4, with objections due by July 28. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/8VS70 from PacerMonitor.com. About NMR Enterprises NJ LLC NMR Enterprises NJ, LLC and Online Stores PA, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-11349) on February 5, 2026. At the time of the filing, NMR reported assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million while Online Stores reported assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. The Debtors tapped Ilana Volkov, Esq., at McGrail & Bensinger, LLP, as legal counsel and CFGI, LLC as financial advisor. OHA PAPI: Gets Interim OK to Use Cash Collateral ------------------------------------------------ Oha Papi, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of Texas to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to fund its operations based on a court-approved budget. The Debtor must not incur expenses for any line item in the budget by more than 15% without the prior approval of secured creditors or court order. The Debtor's authority to use cash collateral terminates upon conversion of its Chapter 11 case to one under Chapter 7; the lifting of the automatic stay for any party, other than one of the secured creditors, authorizing such party to proceed directly against the cash collateral; or entry of a final order by the bankruptcy court authorizing any party to foreclose or otherwise enforce any lien or other right such party may have in and to the collateral. The secured creditors that either hold or may claim security interests in the cash collateral are PCP Enterprises, LLC and PCP Portfolio Asset Entity I, LLC, as successors to PrimaLend Capital Partners, LP; Automotive Finance Corporation; and Good Floor Loans, LLC. PrimaLend financed both a revolving line of credit and the Debtor's acquisition of an automobile loan portfolio from Adonis Auto Group, while Good Floor Loans financed the purchase of vehicle inventory. Although the Debtor does not believe Automotive Finance currently has a valid claim, it included the creditor because its UCC financing statement has not yet been terminated. These creditors collectively assert liens against the Debtor's cash, deposit accounts, and related collateral. To protect secured creditors, they will receive replacement liens matching the scope, type, and priority of their perfected pre-petition liens on the Debtor's current and future assets. The order is available at http://bankrupt.com/misc/OhaPapi_ICCOrder39.pdf The court scheduled a final hearing for Aug. 13 and set an Aug. 6 deadline for filing objections. The Debtor is a small, family-owned "Buy Here Pay Here" automobile dealership serving the Dallas–Fort Worth metroplex. The bankruptcy filing is intended to provide the Debtor with an opportunity to refinance or restructure its debts, preserve its business, and maximize value for creditors through a successful reorganization rather than disruption of operations. Oha Papi said it has been unable to obtain unsecured credit or alternative post-petition financing and, therefore, must rely on existing cash collateral to remain operational. About Oha Papi LLC Oha Papi, LLC, doing business as Simple Auto DFW, is a Dallas, Texas-based buy here, pay here used car dealership. The company specializes in the retail sale and financing of pre-owned vehicles, offering in-house financing solutions to customers with a wide range of credit profiles. Oha Papi, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42348) on July 6, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The filing indicates that funds will be available for distribution to unsecured creditors. The Honorable Brenda T. Rhoades handles the case. The Debtor is represented by Robert C. Rowe of Carrington, Coleman, Sloman & Blumenthal, LLP. OLIDIA ESTATE: Seeks to Hire Lamey Law Firm as Counsel ------------------------------------------------------ Olidia Estate Inc. seeks approval from the U.S. Bankruptcy Court for the District of Minnesota to employ Lamey Law Firm, P.A. as counsel. The firm will advise Debtor of its powers and duties under the Bankruptcy Code and will provide other legal services in connection with its Chapter 11 case. The firm will be paid at these rates: John D. Lamey $400 per hour Associate attorneys/Contract Attorneys $350 per hour Law Clerks $150 per hour Paralegals $130 per hour The firm will be paid a retainer in the amount of $10,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. John D. Lamey III, Esq., a partner at Lamey Law Firm, P.A., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John D. Lamey III, Esq. Lamey Law Firm, P.A. 980 Inwood Avenue North Oakdale, MN 55128 Tel: (651) 309-8180 About Olidia Estate Inc. Olidia Estate Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Minn. Case No. 26-42310) on July 15, 2026. The Debtor hires Lamey Law Firm, P.A. as counsel. OLIDIA ESTATE: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Olidia Estate Inc. 7530 Market Place Dr Eden Prairie, MN 55344 Business Description: Olidia Estate Inc. is a real estate company that owns a two-story office building at 7530 Market Place Drive in Eden Prairie, which serves as the location of Olidia-affiliated health care and related service businesses. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court District of Minnesota Case No.: 26-42310 Judge: Hon. Katherine A Constantine Debtor's Counsel: John D. Lamey III, Esq. LAMEY LAW FIRM, P.A. 980 Inwood Ave N Oakdale, MN 55128-7094 Tel: 651.209.3550 Email: JLAMEY@LAMEYLAW.COM Total Assets: $1,050,055 Total Liabilities: $448,292 The petition was signed by Olivier B. Nkwonkam as CEO. The Debtor has declared in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3ORJJCY/OLIDIA_ESTATE_INC__mnbke-26-42310__0001.0.pdf?mcid=tGE4TAMA PACIFIC AVIATION: Seeks to Hire Keith Y. Boyd P.C. as Counsel ------------------------------------------------------------- Pacific Aviation Northwest, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire Keith Y. Boyd, P.C. to serve as legal counsel. The firm will provide these services: (a) provide all legal services regularly and customarily required by a Chapter 11 case; (b) represent the company in any adversary proceedings commenced in the bankruptcy case; and (c) represent the company in such other proceedings as may be necessary and proper in other forums. The firm will be paid at these hourly rates: Keith Y. Boyd, Esq. $445 Melissa A. Arnold, ACP $185 Law Clerk $200 Legal Assistants $115 Prior to the bankruptcy filing, the firm received a retainer of $30,000, of which $5,849.50 was applied to prepetition attorney fees, $1,738 to the filing fee, and the remaining $22,412.50 will be held pending further court approval. Keith Y. Boyd, P.C. does not hold or represent an interest adverse to the estate and is a "disinterested person" within the meaning of Section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: Keith Y. Boyd, Esq. KEITH Y. BOYD, P.C. 724 S. Central Ave., Suite 106 Medford, OR 97501 Telephone: (541) 973-2422 Facsimile: (541) 973-2426 E-mail: keith@boydlegal.net About Pacific Aviation Northwest, Inc. Pacific Aviation Northwest, Inc. sought protection under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 26-61910) on July 10, 2026. At the time of the filing, the company had estimated assets of between $50,001 and $100,000 and estimated liabilities of between $1 million and $10 million. Judge Kathryn F Evans oversees the case. Keith Y. Boyd, P.C. is the company's legal counsel. PERFORMANCE SERVICE: Dennis Perrey Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Dennis Perrey as Subchapter V trustee for Performance Service and Repair, LLC. Mr. Perrey declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Dennis Perrey P.O. Box 541 Chandler, IN 47610 (812) 630-5823 Email: dennis.perrey@yahoo.com About Performance Service and Repair LLC Performance Service and Repair, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-90782) on July 14, 2026. Judge Andrea K. McCord presides over the case. KC Cohen, Esq., at Kc Cohen, Lawyer, PC represents the Debtor as legal counsel. PWB LAND: To Sell Huntsville Property to Benjamin Sessions ---------------------------------------------------------- PWB Land Holdings LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor employs Alliance Investment Real Estate Group and Camelot Realty Group as Real Estate Agent and Real Estate Broker in connection with the potential sale of the Debtor's 12 parcels of land located on Bernice Street in Huntsville, Texas. The Debtor receives an offer for the purchase of the Properties in the amount of $180,000.00 from Benjamin Sessions for Sessions Developments, LLC. On July 11, 2026, the Debtor and the Buyer entered into a Commercial Contract dated July 11, 2026 for the sale of the Property in the amount of $180,000.00. The sales price represents the highest value of the Properties in their current conditions marketed as a single package and under current real estate market conditions of similar properties located in Huntsville, Texas. The proposed sale is an "arm's length" transaction. The Debtor believes the sale of the Properties is in the best interest of the estate. The Debtor requests that the Court approve the sale of the Properties and that all remaining proceeds be paid to the Debtor, after payment of ad valorem liabilities and closing costs and fees. About PWB Land Holdings, LLC PWB Land Holdings, LLC is believed to operate as a real estate holding and land investment company focused on property ownership and asset management activities. PWB Land Holdings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-33201) on May 4, 2026. In its petition, the debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The debtor is represented by Susan Tran Adams, Esq. of Tran Singh LLP. REMEDIUM PHARMACY: Hearing Today on Bid to Use Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts, Central Division, is set to hold a hearing today to consider final approval of Remedium Pharmacy, LLC's bid to use cash collateral. The Debtor's authority to use cash collateral under the court's July 17 order expires today. The Debtor is an independent pharmacy based in North Chelmsford, Massachusetts, with operations focused on both traditional retail pharmacy services and a growing long-term care pharmacy business serving healthcare facilities and patients. The business is wholly owned by FCI Investments, LLC. Remedium Pharmacy said it needs immediate access to cash collateral to continue operating, warning that without it, the business would likely shut down, causing harm to patients, employees, creditors, and the bankruptcy estate. Pre-petition secured creditors may claim interests in the Debtor's cash collateral. The primary secured lender is the U.S. Small Business Administration, which holds approximately $2 million in secured debt, likely related to a COVID Economic Injury Disaster Loan. Additional secured obligations include loans from BayFirst National Bank totaling roughly $290,000, On Deck Capital for approximately $150,000, and MDL Investments, LLC. The Debtor also listed merchant cash advance lenders collectively asserting approximately $2.58 million in obligations. It disputes the validity, amount, priority, and enforceability of many of these obligations, citing excessive fees, disputed settlements, alleged "interest on interest," stacking practices, and other issues. Massachusetts records reflect 36 UCC financing statements filed against the Debtor, many relating to these MCA transactions. The Debtor intends to investigate these liens and may file adversary proceedings challenging their validity. To protect secured creditors, the Debtor offers adequate protection through valid and perfected replacement liens on all of its post-petition property and a superpriority administrative expense claim. The replacement liens on post-petition accounts receivable and their proceeds are subordinate to any liens granted to Alleon Capital Partners, LLC, the debtor-in-possession lender while the superpriority claim is subordinate to a carveout protecting payment of U.S. Trustee fees, limited Chapter 7 administrative expenses, and court-approved professional fees for attorneys and other retained professionals. About Remedium Pharmacy LLC Remedium Pharmacy, LLC is a Massachusetts-based pharmacy that provides prescription medications, pharmaceutical services, and patient care solutions to individuals and healthcare providers. Remedium Pharmacy, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40803) on July 6, 2026. In its petition, the Debtor reported up to $10 million in estimated assets and liabilities. The Debtor is represented by David P. Primack, Esq., of Manning Gross & Massenburg LLP. RESTORATION MENTAL: Seeks Subchapter V Bankruptcy in Washington --------------------------------------------------------------- On July 17, 2026, Restoration Mental Health Services, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Washington. According to court filings, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million, with 1 to 49 creditors. A meeting of creditors filed by Benjamin Teich on behalf of United States Trustee under Section 341(a) to be held on August 25, 2026 at 09:30 AM via Telephonic Creditors Meeting. Deadline to File the Chapter 11 Small Business Subchapter V Plan is October 15, 2026. About Restoration Mental Health Services, LLC Restoration Mental Health Services, LLC is a Lynnwood, Washington-based provider of outpatient mental health and psychiatric services. The practice operates clinics in Lynnwood and Marysville, offering specialized treatments such as transcranial magnetic stimulation (TMS) and esketamine therapy. The company has also expanded into medical aesthetics and wellness through its RAW Aesthetics brand while continuing to participate in major regional insurance networks. Restoration Mental Health Services, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12334) on July 17, 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 Christopher M. Alston handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq. and Thomas D. Neeleman, Esq. of Neeleman Law Group PC. ROYAL REAL ESTATE: Seeks Chapter 11 Bankruptcy in Washington ------------------------------------------------------------ On July 17, 2026, Royal Real Estate Company, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Washington. According to court filings, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million, with 1 to 49 creditors. The Debtor's Statement of Financial Affairs must be filed no later than August 3, 2026. About Royal Real Estate Company, Inc. Royal Real Estate Company, Inc. is a Bothell, Washington-based commercial real estate lessor that owns and manages investment properties. Its portfolio includes commercial properties located at 1400 and 1402 State Avenue in Marysville and 3200 Rucker Avenue in Everett. The Chapter 11 filing follows foreclosure actions and trustee sale notices initiated by secured lenders, including Verity Credit Union and the Idaho Housing and Finance Association. Royal Real Estate Company, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12339) on July 17, 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 Timothy W. Dore handles the case. The Debtor is represented by Thomas D. Neeleman, Esq. of Neeleman Law Group PC. RUZBEHJON INC: Hires Law Offices of Michael Jay Berger as Counsel ----------------------------------------------------------------- Ruzbehjon Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ the Law Offices of Michael Jay Berger as its general bankruptcy counsel. The firm will provide these services: (a) communicate with creditors; (b) review the Chapter 11 bankruptcy petition and all supporting schedules; (c) advise the company of its legal rights and obligations in the bankruptcy proceeding; (d) work to bring the company into full compliance with reporting requirements of the Office of the United States Trustee; (e) prepare status reports as required by the Court; (f) respond to motions filed in the bankruptcy proceeding; (g) respond to creditor inquiries; (h) review proofs of claim; (i) object to inappropriate claims; (j) prepare Notices of Automatic Stay in all state court proceedings in which the company is sued during the pendency of the bankruptcy proceeding; and (k) if appropriate, prepare a Chapter 11 Plan of Reorganization. The firm will be paid at these hourly rates: Michael Jay Berger $695 Sofya Davtyan $645 Kevin Ronk $595 Laura Portillo $595 Robert Poteete $475 Senior paralegals and law clerks $275 Bankruptcy paralegals $200 According to court filings, the Law Offices of Michael Jay Berger is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael Jay Berger, Esq. Sofya Davtyan, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Blvd., 6th Floor Beverly Hills, CA 90212-2929 Telephone: (310) 271-6223 Facsimile: (310) 271-9805 E-mail: MichaelBerger@bankruptcypower.com Sofya.Davtyan@bankruptcypower.com About Ruzbehjon Inc. Ruzbehjon Inc. is a Los Angeles, California-based full-service restaurant operator engaged in the hospitality industry. As of mid-2026, the company remained in operation after celebrating its 40th anniversary in 2025. The business has also been involved in recent litigation, including a trademark infringement lawsuit filed in late 2025. Ruzbehjon Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16640) on July 1, 2026. In its petition, the Debtor reported estimated assets of $50,000 to $100,000 and estimated liabilities of $1 million to $10 million. The petition was signed by Roozbeh Farahanipour as CEO and owner. Honorable Bankruptcy Judge Sheri Bluebond handles the case. The Debtor is represented by Michael Jay Berger, Esq. SISTERS OF ST. ANN: Court OKs School Assets Sale at Auction ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts, Central Division, has granted The Sisters of St. Ann, d/b/a Anna Maria College, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a non-profit corporation organized under the laws of the Commonwealth of Massachusetts, formally known as The Sisters of Saint Ann d/b/a Anna Maria College, a private Catholic institution of higher education located in the Town of Paxton, Worcester County, Massachusetts. The College's campus is situated at 50 Sunset Lane, Paxton, Massachusetts 01612 and consists of approximately 261.75 acres, including 17 buildings totaling approximately 300,622 square feet of gross building area, the value of which, according to a recent appraisal prepared by BBG, Inc. dated January 7, 2025, has substantial value above the secured debt. The property is zoned GRB (General Residence District B) under the Town of Paxton's zoning regulations and operates as an educational institution by special permit. The College was founded in 1946 by the Sisters of Saint Ann under a charter granted in 1887 by the Commonwealth of Massachusetts. Originally a women's college, the College opened its doors in September 1946 to its first freshman class. The College moved to its current campus in Paxton, Massachusetts in 1951, and became accredited by the New England Association of Schools and Colleges (now known as the New England Commission of Higher Education, or "NECHE") in 1955. Overview and description of the Debtor's Properties are provided. https://urlcurt.com/u?l=dyj0SN The Court has authorized the Debtor to sell the Property to the highest bidder during the auction. The Debtor is authorized to take any and all actions reasonably necessary or appropriate to implement the Sale Procedures. The dates and deadlines are approved and may modify the Sale Schedule to the extent permitted under the Sale Procedures. Any Secured Creditor that wishes to submit a credit bid to purchase the Sale Assets or any subset of the Sale Assets must deliver such credit bid by electronic mail to the Notice Parties, so as to be actually received by the Debtor no later than October 16, 2026 at 4:00 p.m. The Debtor is authorized to sell, transfer, or otherwise dispose of any Sale Asset with a fair market value of less than $10,000 per transaction to a purchaser, free and clear of all liens, claims, encumbrances, and other interests. The Auction shall be conducted on October 20, 2026, at 10:00 a.m. (prevailing Eastern Time) at the Harold D. Donohue Federal Building, U.S. Bankruptcy Court for the District of Massachusetts, 595 Main Street, Room 311, Worcester, Massachusetts. About The Sisters of Saint Ann, Inc. d/b/a Anna Maria Co The Debtor is a non-profit corporation organized under the laws of the Commonwealth of Massachusetts, formally known as The Sisters of Saint Ann d/b/a Anna Maria College, a private Catholic institution of higher education located in the Town of Paxton, Worcester County, Massachusetts. Sisters of Saint Ann sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.D.Mass. Case No. 26-40758) on June 26, 2026. John J. Monaghan at Holland & Knight, represents the Debtor as legal counsel. SKYBOUND PROPERTIES: Wilmington Properties Sale at Auction OK'd --------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, Fayetteville Division, has granted Skybound Properties LLC, to sell Properties, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located is located at 407 Maides Avenue, Wilmington, North Carolina 28405, via public sale to be conducted by Country Boys Auction & Realty Co. Inc. The Property consists of one parcel of land containing ten structures, consisting of a mix of single family units, duplex units, and a quadplex unit. The Court has authorized the Debtor to sell the Property through public auction. The Property shall be sold subject to those leases currently in place at closing and the leases are assumed and assigned to the Buyer as of the closing. The Property shall be sold free and clear of the liens: A. Any and all property taxes due and owing to any City, County, or municipal corporation, including the New Hanover County Tax Collector or the City of Wilmington. B. Any and all liens of BD Capital SE, LLC. C. The lien asserted by BD Capital SE, LLC. D. The lien asserted by the City of Wilmington. E. Any and all interest, liens, encumbrances, rights and claims, whether fixed and liquidated or contingent and unliquidated, that have or may be asserted by the North Carolina Department of Revenue, the Internal Revenue Service, the NC Employment Security Commission, and any and all other taxing and government authorities. All creditors and claimants of the Debtor, and all persons having an interest of any nature derived through the Debtor, are permanently enjoined from pursuing any action against the buyer(s) or the real property once acquired by the buyer(s). The list of the Properties, their status and leases are provided. https://urlcurt.com/u?l=TFJa1c About Skybound Properties LLC Skybound Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01678) on April 14, 2026, with between $10 million and $50 million in both assets and liabilities. Judge David M. Warren oversees the case. Laurie B. Biggs, Esq., at Biggs Law Firm, PLLC represents the Debtor as counsel. SKYTHERAPIST MANAGEMENT: Taps Schreeder Wheeler & Flint as Counsel ------------------------------------------------------------------ SkyTherapist Management Services Organization, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Schreeder, Wheeler & Flint, LLP to serve as counsel. The firm will provide these services: (a) prepare pleadings, schedules and statements of financial affairs, adversary proceedings and applications incidental to administering the Estate; (b) develop the relationship and status of debtor-in-possession and handle claims of creditors in these proceedings, all in the best interests of the Debtor, creditors and other interested parties; (c) advise the debtor-in-possession of its rights, duties and obligations as a debtor-in-possession; (d) perform legal services incidental and necessary to the day-to-day operation of the Debtor including, but not limited to, institution and prosecution of necessary legal proceedings, debt restructuring, general business, corporate and legal advice and assistance necessary to the proper preservation and administration of the Estate; (e) take any and all necessary actions incident to the proper preservation and administration of the Debtor and to the conduct of its business; (f) prepare a plan of reorganization and disclosure statement; and (g) provide post-confirmation legal services in connection with implementation of the plan. The firm's current hourly rates are $595 for John A. Christy and $365 for Jamie A. Christy. Schreeder, Wheeler & Flint, LLP is a "disinterested party" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jamie A. Christy, Esq. SCHREEDER, WHEELER & FLINT, LLP 1100 Peachtree Street, N.E., Suite 800 Atlanta, GA 30309-4516 Telephone: (404) 681-3450 Facsimile: (404) 681-1046 E-mail: jac@swfllp.com About SkyTherapist Management Services Organization, Inc. SkyTherapist Management Services Organization, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-59310) on July 16, 2026. At the time of the filing, the estimated assets and liabilities were not disclosed in the provided document. Schreeder, Wheeler & Flint, LLP is the Debtor's legal counsel. SLEEP COUNTRY: S&P Assigns 'BB-' ICR on Sleep Number Acquisition ---------------------------------------------------------------- S&P Global Ratings assigned a 'BB-' issuer credit rating to Sleep Country Canada Inc. S&P said, "We also assigned a 'BB-' issue-level rating to its proposed $400 million senior unsecured notes. The recovery rating is '4', indicating our expectation for average recovery (30%-50%; rounded recovery: 40%). "We estimate pro forma leverage of about 7.4x for the 12 months ended March 30, 2026, which is above our 5x downgrade threshold for the 'BB-' rating. "The negative outlook reflects the likelihood of a downgrade if we believe Sleep Country is unlikely to restore its S&P Global Ratings-adjusted debt to EBITDA to 5x by mid- 2027 due to weaker consumer sentiment or a slower-than-expected turnaround at Sleep Number." On July 21, 2026, Sleep Country Canada Inc. announced its plans to acquire Sleep Number Corp. for a total purchase price of $725 million. The company plans to issue a $270 million term loan A and $400 million senior unsecured notes to fund the transaction. The negative outlook reflects the risk that leverage could remain above 5.0x over S&P's rating horizon. On June 12, 2026, Sleep Country made an initial offer for an asset purchase agreement to acquire substantially all of Sleep Number's assets through a court-supervised Chapter 11 Section 363 sale process. On July 13th, Sleep Country was the winning bidder with a final purchase price of $725 million. The company plans to fund the transaction by issuing $270 million term loan, $400 million senior unsecured notes, and $76 million in revolver borrowings. Pro forma for the transaction, S&P expects leverage will increase to 7.4x (including about $101 million restructuring costs as expenses) based on the rolling-12-month EBITDA ending March 30, 2026, compared with about 4.4x debt to EBITDA (S&P Global Ratings-adjusted) as of 2025. S&P said, "Management expects limited execution risk regarding its identified synergies and as a result we forecast leverage improvement to about 5.3x and 4.8x by the end of 2026 and 2027, respectively. However, we believe intense competition in the U.S. mattress market and weakened consumer sentiment could result in lower-than-expected sales volume for Sleep Number. The negative outlook reflects the risk of a rating downgrade if we determine it is unlikely the company will restore leverage to 5.0x in the next 12 months." Weak consumer sentiment and competitive pressures may delay Sleep Number's business turnaround. Sleep Number's same-store sales declined 17%–23% through 2025 and the first quarter of 2026; a potential inflection point emerged in March with 6% comparable sales growth. S&P's base case assumes the company has passed its trough as it expects an intensified marketing push, the January 2026 'Sleep Comfort' introduction, and current replacement cycle will increase sales to 2% in 2027. However, several headwinds pose risks to this forecast. The mattress industry has experienced a multi-year secular downturn after the pandemic-related peak, with industry growth expected to remain in the low-single digits. Additionally, the industry remains highly competitive, with well-capitalized players such as Somnigroup offering comparable product offerings, limiting Sleep Number's pricing power. Lastly, the macroeconomic environment remains challenging. Delayed rate cut expectations, rebounding inflation, and structurally weak housing turnover continue to weigh on consumer activity. S&P believes these factors introduce uncertainty regarding the timing and success of the expected turnaround by year-end 2027. The acquisition expands Sleep Country's operational scale into the U.S., with projected 2027 revenues of $2.9 billion. Management plans to operate Sleep Number in the U.S. under its existing brand without reducing store count. This acquisition increases the total store count to 888, including 577 Sleep Number locations across the U.S. (as of March, 2026), and adds four assembly and distribution centers, as well as a differentiated smart-bed technology platform. Furthermore, the company plans to re-introduce Sleep Number's mattresses to the Canadian market. Management has identified at least $67 million in cost synergies to be implemented through 2027, primarily through lease renegotiations, supply chain optimizations, and procurement efficiency, specifically the replacement of suppliers to reduce input costs. S&P expects synergies from store rationalization and lease renegotiations (completed via the Chapter 11 process) to be realized immediately post-closing. Procurement synergies are also expected to materialize shortly after closing, given the short lead time for inventory orders. Nonetheless, Sleep Number's margin profile will remain 14% compared with Sleep Country's 20% EBITDA margins in 2027. S&P said, "Consequently, we forecast Sleep Country's EBITDA margin will decline to 16% in 2027, reflecting the dilutive impact of Sleep Number's lower-margin profile. Sleep Number has incurred $236 million in total restructuring costs since 2023, which we do not expect to recur going forward." S&P said, "We expect the company to prioritize its strong free operating cash flow (FOCF) for debt repayment. Sleep Country 's FOCF has improved due to higher profitability. It reported FOCF of about $69 million in 2025, compared with $30 million for the same prior-year period. We expect FOCF will be depressed in the first year post acquisition. Absent any further restructuring and transaction related costs, we forecast FOCF will rebound to about $115 million in 2027. We also expect capital expenditure (capex) to decline to 2.5% of revenue going forward compared with 3.5% before the acquisition. We forecast it will use FOCF toward its deleveraging plan, prioritizing its term loan. "The negative outlook reflects the likelihood of a downgrade if we believe Sleep Country is unlikely to restore its S&P Global Ratings-adjusted debt to EBITDA to 5x in the next 12 months due to weaker consumer sentiment or if the turnaround of Sleep Number is delayed. "Assuming Sleep Country's strategic importance to its parent company is unchanged, thereby maintaining a one-notch uplift in the final rating, we could still lower our issuer credit rating if we lower the stand-alone credit profile score if it does not restore S&P Global Ratings-adjusted debt to EBITDA to 5x within 12-months following the acquisition." This could happen if: -- The company's operating performance is not in line with S&P's base-case forecasts owing to a combination of weaker consumer discretionary spending leading to weaker-than-expected same-store sales and revenues; -- The company fails to execute the identified synergies in a timely manner. S&P could revise the outlook back to stable if: -- Leverage improves below 5.0x; and -- Fairfax's management team remains committed to its financial policy of maintaining prudent capital structure such that leverage improves to below 5x. SLEEP NUMBER: Judge Clears $702MM Acquisition by Canadian Firm -------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that a New York bankruptcy court has authorized the approximately $702 million sale of Sleep Number to a Canadian bedding retailer after objections concerning future employee severance payments were resolved through an agreement to defer the issue. The ruling allows the sale to proceed while leaving severance-related questions for future determination. The settlement eliminated a key obstacle to closing the transaction, with the parties agreeing that any disputes involving severance obligations would be addressed separately after the sale approval. The judge concluded that the proposed asset sale represented the best available outcome for the bankruptcy estate and its stakeholders, according to report. Sleep Number sought Chapter 11 protection to facilitate a court-supervised sale process aimed at preserving enterprise value and maintaining business continuity. The approved transaction is expected to position the company for a smoother transition under its new Canadian owner while providing greater certainty to creditors, the report relays. About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Sleep Number Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Brian Resnick, Esq. of Davis Polk & Wardwell LLP. SONICWALL HOLDINGS: S&P Lowers ICR to 'D' on Debt Restructuring --------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on SonicWall Holdings Ltd. to 'D' from 'CCC'. S&P also lowered its issue-level ratings on the existing first-lien term loans and revolving credit facility to 'D' from 'CCC'. SonicWall completed an amend and extend transaction with all its term loan and revolver lenders that extended its 2028 maturity to 2030. The company also obtained a new first-lien, first-out term loan to stabilize its deteriorating liquidity position. S&P views this transaction as a distressed exchange it perceives the compensation lenders received to be below market given its view of its creditworthiness. Furthermore, in the absence of the transaction, S&P believes the company would have faced risk of a liquidity shortfall. S&P views the transaction as a tantamount to default. SonicWall reached an agreement with all its term loan and revolver lenders to extend maturities to April 2030 from May 2028 and March 2030 from February 2028, respectively, on a first-lien, second-out basis (behind the new first-lien, first-out term loan). The company also netted $68 million after fees and discounts from a $113 million first-lien, first-out term loan from existing lenders to bolster liquidity. Neither extension reduced face value, and all lenders will benefit from increased term loan amortization, tighter documentation (including limitations on restricted payments, permitted investments, and debt capacity, as well as better protection against future liability-management transactions), and enhanced quality of reporting on operational performance. However, S&P views the extensions as providing lenders with less than originally promised for the following reasons. Although there was a slight increase in interest margin on the extended revolver, its priority now is being primed by the new first-lien, first-out term loan. As such, S&P does not believe the slight increase aligns with what it believes a reasonably compensated market rate would be for an issuer with a similar risk profile to pay to raise new capital at the time of the transaction. S&P said, "Similarly, although there was a higher amortization schedule on the extended term loan (to 2.5% annually from 1%) and other meaningful benefits, we view the compensation to be in line with a 'B-' issuer credit rating. Therefore, we view SonicWall's creditworthiness to be less than 'B-', even considering the new terms, because of our forecast for significant negative cash flow in fiscal 2027 (ending in January 2027) and execution risk associated with the company's $70 million cost-reduction plan, which could help the company achieve sustainability but also risks disrupting the business because of its magnitude. "We believe if the transaction did not happen, there was a realistic possibility of liquidity shortfall over the near term. At the end of April 30, 2026 (its latest quarter end before the transaction), the company only had about $19 million in total liquidity, which we believed would not be adequate to support operational needs and debt-service costs without an external source of liquidity. "We plan to raise our issuer credit rating in the coming days upon evaluating the updated capital structure, liquidity, and business outlook." SPIRIT AVIATION: JetBlue Acquires LaGuardia Slots in Ch. 11 Auction ------------------------------------------------------------------- James Nani of Bloomberg Law reports that JetBlue Airways Corp. has won the auction for 22 LaGuardia Airport takeoff and landing slots previously owned by bankrupt Spirit Aviation Holdings Inc., offering $58.5 million for the prized aviation assets. According to bankruptcy filings, Frontier Airlines Inc. submitted a $57.5 million backup offer that would take effect only if JetBlue's purchase is not completed. The proposed transaction still requires approval from the bankruptcy court, the FAA, and the Port Authority of New York & New Jersey. Spirit began marketing its LaGuardia operating rights after receiving court approval in June as part of its ongoing Chapter 11 liquidation. The airline halted operations on May 2 following failed financing negotiations and surging jet fuel prices, later abandoning its restructuring efforts in favor of winding down the business. Burdened by approximately $8.1 billion in liabilities and thousands of layoffs, Spirit has sought to maximize recoveries through asset sales, although the winning bid came in below earlier valuation estimates, the report relays. JetBlue said it is pleased to secure access to one of the country's most congested airports and plans to determine how the additional slots can strengthen its New York network. The carrier expects any expansion at LaGuardia to begin in 2027, while emphasizing that operating costs in the New York metropolitan area remain among the industry's highest. The transaction faces multiple regulatory reviews before it can close. Port Authority officials said the buyer must also assume Spirit's lease at the Marine Air Terminal and satisfy outstanding obligations tied to the property. A bankruptcy hearing on the proposed sale is set for July 22, while federal transportation officials continue to monitor the proceedings to promote competition and maintain affordable travel options, according to Bloomberg. About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines is a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP, as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. Judge Lane approved the appointment of Marc Heimowitz of Coda Advisory Group, LLC as examiner. The Examiner hired Glenn Agre Bergman & Fuentes LLP as counsel; and M3 Advisory Partners, LP as financial advisor. The Air Line Pilots Association and the International Association of Machinists and Aerospace Workers are represented by Cohen, Weiss and Simon LLP. * * * In a statement May 2, 2026, CEO Dave Davis said the airline needed hundreds of millions of dollars in additional liquidity to continue operating. He said that funding was not available and could not be secured from external sources. Having reached the limits of its financing options, the company was left with no alternative but to wind down its business. STEPHAN CO: Future Claimant Hires FTI Consulting as Counsel ----------------------------------------------------------- David Neier, the legal representative of the Future Claimants of The Stephan Co., seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ FTI Consulting, Inc. as financial advisor. The firm will assist in evaluating the financial condition of the Debtor and negotiating the economic terms of a plan of reorganization containing an injunction of the type authorized pursuant to section 524(g) of the Bankruptcy Code. 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. Mr. Tully 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: Conor P. Tully FTI Consulting, Inc. 1166 Avenue of the Americas 15th Floor New York, NY 10036 Tel: (212) 841-9335 Email: conor.tully@fticonsulting.com About The Stephan Co. The Stephan Co., based in St. Petersburg, Florida, distributes barber, beauty, and personal care products through a network of companies including Morris Flamingo, Williamsport Bowman Barber Supply, MD Barber, 614 Barber Supply, Appleton Barber Supply, and Norva Barber Supply. Founded in 1897 in Worcester, Massachusetts, it was the first professional men's hair care company in the United States and pioneered distribution through the barber shop channel. The Company markets brands such as Campbell's, Latherking, Stephan, Barbermate, Stix Fix, and SuperCut, serving the professional beauty and barber products industry. The Stephan Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fl. Case No. 25-08937) on Nov. 26, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. The Debtor tapped Verrill Dana, LLP as general bankruptcy counsel; Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. as Florida co-counsel; and Getzler Henrich as financial advisor. STEPHAN CO: Future Claimant Hires Morgan Lewis as Special Counsel ----------------------------------------------------------------- David Neier, the legal representative of the Future Claimants of The Stephan Co. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Morgan, Lewis & Bockius LLP as special insurance counsel. The firm's services include: (a) advising the Future Claimants' Representative on steps to preserve and maximize insurance coverage; (b) attending meetings and negotiating with representatives of the Debtor, its insurance carriers, the Committee, and other parties in interest in the Chapter 11 Case to preserve insurance coverage and resolve disputed insurance issues; (c) assisting the Future Claimants' Representative with insurance-related matters in connection with formulating a chapter 11 plan and funding any trust established under the plan for the payment of asbestos claims; (d) analyzing and assisting the Future Claimants' Representative in evaluating any settlement motions related to the Debtor's insurance policies; and (e) providing additional advice or actions related to the Debtor's insurance coverage as needed by the Future Claimants' Representative. The firm will be paid at these rates: Brady Edwards, Partner $2,495 per hour Jeffrey S. Raskin, Partner $1,725 per hour David S. Cox, Partner $1,550 per hour Matthew F. Putorti, Of Counsel $1,350 per hour Eric Toepfer, Associate $1,095 per hour Melody Chirozzi, Administrator $520 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following is provided in response to the request for additional information set forth in Paragraph D.1. of the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: Morgan Lewis did not agree to a variation of its standard or customary billing arrangements for this engagement. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: None of Morgan Lewis's professionals included in this engagement have varied their rate based on the geographic location of the bankruptcy case. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: Morgan Lewis did not represent the Future Claimants' Representative or the Future Claimants in the 12 months preceding the Petition Date. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: The Future Claimants' Representative and Morgan Lewis intend to develop a prospective budget and staffing plan. Consistent with the U.S. Trustee Guidelines, the budget may be amended as necessary to reflect changed or unanticipated circumstances. Mr. Edwards 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: Brady Edwards, Esq. Morgan, Lewis & Bockius LLP 1000 Louisiana Street, Suite 4000 Houston, TX 77002-5006 Tel: (713) 890-5000 About The Stephan Co. The Stephan Co., based in St. Petersburg, Florida, distributes barber, beauty, and personal care products through a network of companies including Morris Flamingo, Williamsport Bowman Barber Supply, MD Barber, 614 Barber Supply, Appleton Barber Supply, and Norva Barber Supply. Founded in 1897 in Worcester, Massachusetts, it was the first professional men's hair care company in the United States and pioneered distribution through the barber shop channel. The Company markets brands such as Campbell's, Latherking, Stephan, Barbermate, Stix Fix, and SuperCut, serving the professional beauty and barber products industry. The Stephan Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fl. Case No. 25-08937) on Nov. 26, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. The Debtor tapped Verrill Dana, LLP as general bankruptcy counsel; Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. as Florida co-counsel; and Getzler Henrich as financial advisor. SYNERGENX LEGACY: Hires Frank J. Wright PLLC as Counsel ------------------------------------------------------- Synergenx Legacy Holdings, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Law Offices of Frank J. Wright, PLLC as counsel. The firm will provide these services: a. advise the Debtors of their rights, obligations, and powers in these Bankruptcy Cases; b. attend meetings and negotiate with representatives of creditors and other parties in interest; c. assist the Debtors in the preparation of all administrative documents required to be filed or prepared herein, and to prepare, on behalf of the Debtors, all necessary applications, motions, answers, responses, orders, reports and other legal documents required; d. assist the Debtors in obtaining Court approval for use of debtor-in-possession financing and other negotiations with secured creditors; e. take such action as is necessary to preserve and protect the Debtors' assets and interests therein, including pursuing and prosecution actions on the Debtors' behalf and defending any action brought against the Debtors, and representing the Debtors' interest in negotiations concerning all litigation in which the Debtors are involved, including objections to claims filed against their Estates; f. advise the Debtors in connection with any potential sale of assets or other disposition of their Estates' assets; g. assist the Debtors in the formulation of a disclosure statement and in the formulation, confirmation, and consummation of a plan of reorganization; and h. perform any and all other legal services that may be necessary to protect the rights and interests of the Debtors and their Estates in the Bankruptcy Cases and any actions hereafter commenced in the Bankruptcy Cases. The firm will be paid at these rates: Frank J. Wright $1,000 per hour Jeffery M. Veteto $750 per hour Paralegals $225 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. On June 26, 2026, the firm received from the Debtors a payment of $250,000. Frank J. Wright, Esq., a partner at Law Offices of Frank J. Wright PLLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Frank J. Wright, Esq. Law Offices of Frank J. Wright PLLC 1800 Valley View Lane 250 Farmers Branch TX 75234 Tel: (214) 238-4153 Email: frank@fjwright.law About Synergenx Legacy Holdings, LLC SynergenX Health is a Houston, Texas-based provider of healthcare services focused on hormone replacement, weight loss, wellness, and preventive care. Founded in 2016 by Wayne Wilson, the company offers testosterone replacement therapy, hormone replacement therapy for men and women, GLP-1 and related weight loss programs, telemedicine and remote patient management, laboratory testing and diagnostics, and ancillary wellness services. SynergenX Health operates through the SynergenX, Low T Centers, and HerKare clinic brands, using physical clinics, telemedicine capabilities, and its affiliated 503a pharmacy platform, Village Lane, to support in-clinic and at-home treatment. SynergenX Legacy Holdings, LLC and affiliates sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90644) on July 2, 2026, listing $100 million to $500 million in assets and $50 million to $100 million in liabilities. Wayne Wilson as chief executive officer, signed the petition. Judge Christopher M Lopez oversees the case. LAW OFFICES OF FRANK J. WRIGHT, PLLC serve as the Debtor's legal counsel. SHANNON LEE BEATTY LLP as co-counsel. Lain, Faulkner & Co., P.C. as financial advisor. FTI Consulting, Inc. as financial advisor. STRETTO, INC. as claims, noticing & solicitation agent. SYNERGENX LEGACY: Hires FTI Consulting as Financial Advisor ----------------------------------------------------------- Synergenx Legacy Holdings, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ FTI Consulting, Inc. as financial advisor. The firm's services include: -- assistance with the development of a plan of reorganization including business plan forecast and projections, liquidation analysis, reorganization value, and review detailed assumption thereof; -- assistance with managing liquidity and with the preparation of cash and liquidity forecasts, including a rolling 13-week cash flow forecast, cash receipts and disbursement analyses, and budget vs. actual reporting; -- assistance with sizing/budgeting for contingency reserves, and developing strategies to conserve cash, preserve optionality and extend liquidity runway; -- assistance with procurement and vendor management; -- assistance with the identification and implementation of short-term cash management procedures; -- assistance and advice with respect to the identification of core business assets and the disposition of assets or liquidation of unprofitable operations; -- assistance with the identification of executory contracts and leases and performance of cost/benefit evaluations with respect to the affirmation or rejection of each; -- assistance in the preparation of financial information for distribution to creditors and others, including, but not limited to, cash flow projections and budgets, cash receipts and disbursement analysis, analysis of various asset and liability accounts, and analysis of proposed transactions for which Court approval is sought; -- attendance at meetings and assistance in discussions with potential investors, banks, the Debtor's prepetition debt holders, the Committee and any other official committee appointed in this Chapter 11 Case, the U.S. Trustee, and other parties in interest and professionals hired by the same, as requested; -- assistance in the preparation of information and analysis necessary for the confirmation of a plan in this Chapter 11 Case; -- assistance with the development of customer and creditor communications plans; -- assistance with the development of management incentive and employee retention plans that may be required to maintain key individuals and continuity through a transaction; -- if requested and required, provide testimony or testimony support; and -- render such other general business consulting or such other assistance as Debtor's management or counsel may deem necessary that are consistent with the role of a financial advisor and not duplicative of services provided by other professionals in this proceeding. The firm will be paid at these hourly rates: Senior Managing Directors $1,270-$1,580 Directors/Senior Directors/Managing Directors $940-$1,195 Consultants/Senior Consultants $535-$850 Administrative / Paraprofessionals $195-$395 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Dragelin 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: Timothy J. Dragelin FTI Consulting, Inc. 201 S. College Street, Suite 2350 Charlotte, NC 28202 Tel: (704) 972-4100 About Synergenx Legacy Holdings, LLC SynergenX Health is a Houston, Texas-based provider of healthcare services focused on hormone replacement, weight loss, wellness, and preventive care. Founded in 2016 by Wayne Wilson, the company offers testosterone replacement therapy, hormone replacement therapy for men and women, GLP-1 and related weight loss programs, telemedicine and remote patient management, laboratory testing and diagnostics, and ancillary wellness services. SynergenX Health operates through the SynergenX, Low T Centers, and HerKare clinic brands, using physical clinics, telemedicine capabilities, and its affiliated 503a pharmacy platform, Village Lane, to support in-clinic and at-home treatment. SynergenX Legacy Holdings, LLC and affiliates sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90644) on July 2, 2026, listing $100 million to $500 million in assets and $50 million to $100 million in liabilities. Wayne Wilson as chief executive officer, signed the petition. Judge Christopher M Lopez oversees the case. LAW OFFICES OF FRANK J. WRIGHT, PLLC serve as the Debtor's legal counsel. SHANNON LEE BEATTY LLP as co-counsel. Lain, Faulkner & Co., P.C. as financial advisor. FTI Consulting, Inc. as financial advisor. STRETTO, INC. as claims, noticing & solicitation agent. SYNERGENX LEGACY: Hires Lain Faulkner as Financial Advisor ---------------------------------------------------------- Synergenx Legacy Holdings, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Lain, Faulkner & Co., P.C. as financial advisor. The firm will provide these services: -- assist the Debtor with preparation of accounting and financial related bankruptcy required reporting including the Statements of Financial Affairs, Schedules of Assets/Liabilities and Monthly Operating Reports; -- assist with the preparation of budgets, variance reports and forecasting as needed; -- analyze financial data and other information exchanged between the Debtors and their creditors, any regulatory agencies, consultants, prospective investors/purchasers or other third parties, as may be necessary or appropriate; and -- perform all other financial and accounting services and provide all other financial advice as Client may specifically request in writing and as are reasonably related to the contemplated restructuring or Chapter 11 cases. The firm will be paid at these rates: Directors $440 to $540 per hour Accounting Professionals $210 to $350 per hour Staff Accountants $270 to $295 per hour Clerical and Bookkeepers $95 to $145 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Rae 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: Jason A. Rae Lain, Faulkner & Co., P.C. Hartford Building, 400 North St. Paul, Suite 600 Dallas, TX 75201 Tel: (214) 720-1929 Fax: (214) 720-1450 About Synergenx Legacy Holdings, LLC SynergenX Health is a Houston, Texas-based provider of healthcare services focused on hormone replacement, weight loss, wellness, and preventive care. Founded in 2016 by Wayne Wilson, the company offers testosterone replacement therapy, hormone replacement therapy for men and women, GLP-1 and related weight loss programs, telemedicine and remote patient management, laboratory testing and diagnostics, and ancillary wellness services. SynergenX Health operates through the SynergenX, Low T Centers, and HerKare clinic brands, using physical clinics, telemedicine capabilities, and its affiliated 503a pharmacy platform, Village Lane, to support in-clinic and at-home treatment. SynergenX Legacy Holdings, LLC and affiliates sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90644) on July 2, 2026, listing $100 million to $500 million in assets and $50 million to $100 million in liabilities. Wayne Wilson as chief executive officer, signed the petition. Judge Christopher M Lopez oversees the case. LAW OFFICES OF FRANK J. WRIGHT, PLLC serve as the Debtor's legal counsel. SHANNON LEE BEATTY LLP as co-counsel. Lain, Faulkner & Co., P.C. as financial advisor. FTI Consulting, Inc. as financial advisor. STRETTO, INC. as claims, noticing & solicitation agent. SYNERGENX LEGACY: Hires Shannon Lee Beatty as Co-Counsel -------------------------------------------------------- Synergenx Legacy Holdings, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Shannon Lee Beatty LLP as bankruptcy co-counsel. The firm will to provide all services necessary or appropriate to assist the Debtors in fulfilling their duties under the Bankruptcy Code. The firm will be paid at these rates: Kyung S. Lee $1,000 per hour Sean T. Wilson $900 per hour R. J. Shannon $750 per hour Ella Cornwall $350 per hour Austin Niemtschk $300 per hour Non-Lawyer Professionals $100-$150 per hour On July 1, 2026, the firm received from the Debtors a retainer of $100,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following is provided in response to the request for additional information set forth in the U.S. Trustee Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases, effective November 1, 2013-- Question: Did the Firm agree to any variations from, or alternatives to, the Firm's standard billing arrangements for this engagement? Answer: No. Question: Do any of the Firm's professionals in this engagement vary their rate based on the geographical location of the Debtors' Chapter 11 Case? Answer: No. Question: If the Firm has represented the Debtors in the 12 months pre-petition, disclose the Firm's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If the Firm's billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: A copy of the firm's Engagement Letter is attached to the Application as Exhibit A. Consistent with its prepetition arrangement with the Debtors, SLB will receive compensation at its standard rates for these Chapter 11 Cases in accordance with the terms of the Engagement Letter and set forth in the Application. Question: Have the Debtors approved SLB's budget and staffing plan, and if so, for what budget period? Answer: The Debtors have not requested budget/staffing plan from the firm. Mr. Shannon 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: R.J. Shannon, Esq. Sean Wilson, Esq. Shannon Lee Beatty LLP 2100 Travis St, Ste 1480 Houston, TX 77002 Tel: (713) 714-5770 E-mail: rshannon@shannonleellp.com swilson@shannonleellp.com About Synergenx Legacy Holdings, LLC SynergenX Health is a Houston, Texas-based provider of healthcare services focused on hormone replacement, weight loss, wellness, and preventive care. Founded in 2016 by Wayne Wilson, the company offers testosterone replacement therapy, hormone replacement therapy for men and women, GLP-1 and related weight loss programs, telemedicine and remote patient management, laboratory testing and diagnostics, and ancillary wellness services. SynergenX Health operates through the SynergenX, Low T Centers, and HerKare clinic brands, using physical clinics, telemedicine capabilities, and its affiliated 503a pharmacy platform, Village Lane, to support in-clinic and at-home treatment. SynergenX Legacy Holdings, LLC and affiliates sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90644) on July 2, 2026, listing $100 million to $500 million in assets and $50 million to $100 million in liabilities. Wayne Wilson as chief executive officer, signed the petition. Judge Christopher M Lopez oversees the case. LAW OFFICES OF FRANK J. WRIGHT, PLLC serve as the Debtor's legal counsel. SHANNON LEE BEATTY LLP as co-counsel. Lain, Faulkner & Co., P.C. as financial advisor. FTI Consulting, Inc. as financial advisor. STRETTO, INC. as claims, noticing & solicitation agent. TCP SUNBELT: S&P Places 'B' ICR on Watch Negative on Sale to TJC ---------------------------------------------------------------- S&P Global Ratings placed its 'B' issuer credit rating on TCP Sunbelt Acquisition Co. (doing business as Sunbelt Solomon) on CreditWatch with negative implications, indicating a high probability of a one-notch downgrade. The final rating will depend on the certainty of financing plans and S&P's assessment of the effects of the new sponsor's policies on the firm's business and financial risk profiles. Sunbelt Solomon, a Temple, Texas-based provider of electrical equipment and services, has signed a definitive agreement to be acquired by affiliates of TJC L.P. The transaction terms remain undisclosed. S&P said, "We believe the change in ownership could increase debt for acquisition-related funding and weaken credit metrics, leading to leverage above our downside triggers for an extended period. "Details regarding the transaction's financing and effects on the capital structure aren't yet available. We're not certain what mix of equity and debt will be used to complete the acquisition. Based on last-12-month S&P Global Ratings-adjusted EBITDA, our current downside thresholds of adjusted debt to EBITDA of 5.0x and FOCF to debt below 5% are at risk of breach should the company incur more than about $120 million in incremental adjusted debt. We also believe the acquisition will likely burden the company's expenses with transaction-related costs that could further weigh on credit metrics. "We will assess Sunbelt Solomon's business and financial plans under the new private equity owner. Historically, the company has operated under a prudent financial policy throughout Trilantic North America's ownership. There have been no dividend payments during a period of modest acquisition activity, with only two transactions completed in recent years. Less-aggressive capital allocation geared toward shareholders has resulted in the firm maintaining leverage below 4x since 2020, which we view as atypical for similarly rated companies that have financial sponsor backing. Given the company's relatively small scale (revenue of $528 million in fiscal-year 2025) and an industry landscape characterized by high fragmentation and low barriers to entry, we think the new owner could pursue an acquisition roll-up strategy to maximize shareholder returns." The CreditWatch negative placement reflects a high likelihood of a one-notch downgrade for Sunbelt Solomon. This assessment depends on the finalization of financing plans and clearer understanding of how the new financial sponsor's policies will affect the firm's business. TRINITY POOLS: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- Trinity Pools, LLC received third interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. The court authorized the Debtor to use cash collateral in accordance with the approved budget, including an additional week of funding through August 7, finding that continued access to these funds is necessary to preserve operations and maximize value for creditors. The 30-day budget projects total operational expenses of $77,970. The order acknowledges that several unidentified secured creditors may hold liens on the Debtor's cash collateral through UCC-1 financing statements filed by representatives including CHTD Company, First Corporate Solutions, Corporate Service Company, and CT Corporation System. As adequate protection, any valid pre-petition liens extend to corresponding post-petition assets with the same priority. The order preserves the Debtor's and other parties' rights to challenge the validity, perfection, or priority of those liens. The Debtor must continue maintaining separate debtor-in-possession bank accounts for business proceeds, and the validity of authorized liens will survive any later modification, conversion, or dismissal of the case. The interim order remains effective until the next hearing or further court order. A telephonic hearing is scheduled for August 4. About Trinity Pools LLC Trinity Pools LLC is an Apex, North Carolina-based swimming pool contractor that provides pool design, in-ground pool installation, and pool maintenance services. The company installs concrete, fiberglass, vinyl, and container pools and also provides related work including decking, hardscaping, tile, coping, and interior finish installation. Trinity Pools & Spas offers maintenance services such as pool openings and closings, winterization, spa maintenance, one-time cleaning, water chemistry balancing, debris removal, and equipment inspection. The company serves communities in the greater Raleigh area, including Apex, Cary, Clayton, Durham, Garner, Morrisville, and Raleigh. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02193) on May 14, 2026. In the petition signed by David Nelms, manager, the Debtor disclosed $165,750 in assets and $1,161,799 in liabilities. Judge David M. Warren oversees the case. George Mason Oliver, Esq., at The Law Offices of George Oliver, PLLC, represents the Debtor as bankruptcy counsel. VERA HOLDINGS: Court Extends Cash Collateral Access to Aug. 12 -------------------------------------------------------------- Vera Holdings & Investments, Inc. received fifth interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral to fund operations. Under the fifth interim order, the Debtor is authorized to use cash collateral through August 12 solely for court-approved payments including quarterly fees owed to the U.S. Trustee and operating expenses outlined in its budget. Budget line items may be exceeded by up to 10%, and any additional spending requires written approval from secured creditors Tiger Finance, LLC, Libertas Funding, and Fairwinds Credit Union. The order requires continued engagement of FTI Consulting, Inc., with reporting transparency to creditors and the unsecured creditors' committee. The debtor must also provide ongoing financial reporting and maintain insurance throughout the interim period. The court granted adequate protection to secured creditors through replacement liens on post-petition collateral, with the same validity, extent, and priority as their pre-bankruptcy liens. Vera must also maintain all required insurance coverage and comply with debtor-in-possession duties under the Bankruptcy Code. A committee carve-out of $50,000 per week is reserved for professional fees. The next hearing is scheduled for August 12. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/2yEEh from PacerMonitor.com. Vera has three secured creditors with potential liens on the cash collateral: Tiger Finance in first position, Libertas Funding in second, and Fairwinds Credit Union. As of the petition date, the Debtor estimates cash on hand of about $184,000 and accounts receivable of roughly $24.8 million. Fairwinds Credit Union, as secured creditor, is represented by: Ryan E. Davis, Esq. Winderweedle, Haines Ward & Woodman, PA 329 Park Avenue North, Second Floor Post Office Box 880 Winter Park, FL 32792-0880 Telephone: (407) 423-4246 Facsimile: (407) 645-3728 rdavis@whww.com About Vera Holdings & Investments Inc. Vera Holdings & Investments, Inc. is a Florida-based holding company managing investment assets across multiple sectors. Vera filed its Chapter 11 petition under the U.S. Bankruptcy Code (Bankr. Case No. 26-00763) on February 4, 2026. In its filing, the Debtor disclosed estimated assets of $500 million to $1 billion and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Grace E. Robson oversees the proceedings. The Debtor is represented by Frank M. Wolff, Esq. of Nardella & Nardella, PLLC. VILLAGE HOMES: Aledo Property Sale to Hark Homes for $700K OK’d ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, has granted Village Homes LP, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Texas limited partnership formed in 1996. The Debtor's general partner is DH Management, Inc., a Texas corporation, which holds a 1% general partner interest. The Debtor has two limited partners: Michael Dike and James R. Harris. The Debtor has in its portfolio approximately 117 single family real property lots. Some of those Lots have completed Single-Family Homes on them, some have homes under construction, but the majority are vacant Lots. To finance its homebuilding operations, the Debtor maintains various credit and borrowing facilities with several financial institutions, including Simmons Bank, and Huntington Bank (f/k/a Veritex Community Bank). The Court has authorized the Debtor to sell five vacant lots located in Aledo, Texas to Hark Homes. -- 2021 Grey Birch Place; -- 2229 Heather Hills Dr.; -- 2236 Rolling Oaks Dr.; -- 2213 Heather Hills Dr.; and, -- 2216 Rolling Oaks Dr. The purchase price for each lot is $140,000 for an aggregate sale price of $700,000. The Five Lots shall be sold free and clear of all rights, claims, and interest, if any, of VilHom, including all rights, claims, and interests, if any, pursuant to the now rejected Asset Sale Contract or the Lis Pendens. The closing agent is authorized to pay to Simons Bank the Simmons Payoff for 2213 Heather Hills and 2216 Rolling Oaks. The liens of Huntington Bank under the Huntington DOT shall attach to the Segregated Funds in the same validity and priority in existence as of the Petition Date, but subject to all defenses, affirmative defenses, counterclaims, or offsets asserted in the Claims Objection, the Stipulation, or otherwise agreed to between the Debtor and Huntington Bank. The Debtor and Huntington Bank each reserves all rights with respect to the Claims Objection and the Segregated Funds. The closing agent is authorized to distribute the remaining sale proceeds, net of Closing Costs, the Simmons Payoffs, and the Segregated Funds, to the Debtor. About Village Homes for Fort Worth Village Homes for Fort Worth was established in 1996 and has grown into a trusted homebuilder in Fort Worth, Texas, known for it inspired designs and dedication to quality. With almost three decades of experience, the company has fulfilled the dreams of over 1,500 homeowners while collaborating closely with the region's top architects, craftsmen, and vendors. KC 117 LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on October 1, 2025. Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents as legal counsel of the Debtor. VS HOLDING: S&P Downgrades ICR to 'B' on Increased Leverage ----------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on VS Holding I Inc. (dba Veeam) to 'B' from 'B+'. At the same time, S&P lowered its facility rating on term loan to 'B'. The recovery rating remains '3'. The stable outlook reflects S&P's expectation that leverage will decline toward 6.0x in 2027 from above 9.0x in 2026, as current investment costs roll off and begin to drive improvements in profitability and cash flow. Veeam is making significant strategic investments to build its platform, Object First acquisition and one-time costs this year, S&P now projects materially reduced EBITDA and free operating cash flow (FOCF) generation this year. S&P said, "We expect Veeam's S&P Global Ratings-adjusted leverage will increase to above 9x in fiscal 2026, well above our 6x downgrade threshold for a 'B+' rating. "We project investment spending will push leverage above 9x in 2026, materially above 6x downgrade threshold for a 'B+' rating. We forecast S&P Global Ratings-adjusted EBITDA of about $300 million in 2026, down about $100 million from prior-year levels, as investment spending flows through to profitability." This spending includes continued product investments to build Veeam's integrated AI Command Platform--combining its core backup and recovery software with data security posture management capabilities acquired through Securiti Al. It's also tied to the January 2026 acquisition of Object First, whose immutable backup appliances Veeam is folding into its data platform ecosystem. S&P said, "We also expect one-time costs associated with internal CRM efficiency, along with contingent post-acquisition compensation tied to recent acquisitions, to further pressure profitability this year. Under the company's current debt load of $2.9 billion (including operating leases), we expect these pressures to push its S&P Global Ratings-adjusted leverage above 9x in fiscal 2026 (ending December 2026). We also expect FOCF to weaken materially given lower profitability, with FOCF to debt declining to 2%-3% this year." Strong business fundamentals are offset by financial policy flexibility and ongoing investment needs to maintain its competitive position. Veeam remains one of the largest vendors by market share in the global data protection and backup software market, but competitive intensity is rising: Rubrik continues to post annual recurring revenue (ARR) growth above 30%; Cohesity's merger with Veritas created a similar share and revenue; and Commvault has reaccelerated its own software-as-a-service transition. S&P said, "These well-capitalized, fast-growing peers are pressuring pricing and go-to-market economics, and we expect this dynamic to keep driving further investment, whether organic or through additional acquisitions. The acquisition of Securiti reflects Veeam's willingness to use meaningful debt and maintain flexibility to support strategic expansion. We believe the company will stay opportunistic on tuck-in mergers and acquisitions, though after Securiti, it is more likely to undertake smaller tuck-ins funded primarily with internally generated cash. "IPO remains a stated option with uncertain timing that we do not factor into our near-term base case. Aside from that, it will also take time to confirm whether the platform and Object First investments generate their intended revenue and margin returns. Until that track record is established, and despite our favorable view of Veeam's market position, recurring revenue base, and long-term growth prospects, we believe elevated leverage and this execution and financial-policy uncertainty outweigh those strengths for a higher rating. "We project leverage to improve toward 6x in 2027 as investments begin contributing to revenue and margin. Management expects the integrated platform to begin generating meaningful revenue and ARR benefits in the second half of 2026. Longer term, this also expands its total addressable market. We assume high-teens percent growth in 2027, based on mid-teens percent organic growth and 4%-5% from this year's incremental investment. We also expect some margin expansion as operating leverage builds and current investments are realized, with EBITDA margins increasing to 19% in 2027 from 14% in 2026. We expect FOCF to improve to more than $250 million in 2027 after investments costs roll off, with FOCF to debt improving toward 10%. "The stable outlook reflects our expectation that Veeam's leverage will remain elevated above 9.0x in 2026 due to near-term growth investments, before declining toward 6.0x in 2027 as some costs roll off. We expect revenue to grow at least in the mid-teens percent area, while EBITDA margins improve toward the high-teens percent area over the next 12 months. We forecast FOCF to debt will be 2.5% in 2026, increasing to 9%–10% in 2027. We also anticipate the company will maintain adequate liquidity over the near term." S&P could lower its rating if Veeam encounters delays in realizing recent investments, experiences operational missteps, or faces heightened competition that weakens revenue and profitability beyond our expectations, resulting in: -- S&P Global Ratings-adjusted leverage sustaining above 7.5x; FOCF to debt remaining at 1%-3%; or -- A shift toward more aggressive acquisition strategies or more expansionary financial policies. S&P said, "We could consider an upgrade if Veeam achieves investment synergies, improves scale and margins, and subsequently deleverages below 5.0x, while FOCF to debt is above the mid-single-digit percent area. Additionally, we would need to have confidence that the sponsor and investor group would not preclude sustained deleveraging." XIANG HE: Seeks to Hire Schlissel DeCorpo as Legal Counsel ---------------------------------------------------------- Xiang He Yuan, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Schlissel DeCorpo, LLP to serve as counsel. The firm will provide these services: (a) provide legal advice with respect to the Debtor's powers and duties in accordance with the provisions of the Bankruptcy Code in the continued management of the Debtor's properties and affairs; (b) prepare all necessary applications, motions, answers, orders, reports and other legal documentation required by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure; (c) perform all other legal services necessary in connection with the Debtor's efforts to reorganize its affairs as required by the Bankruptcy Code; and (d) assist the Debtor in its attempts to develop and implement a plan of reorganization. The firm will receive a $15,000 retainer, consisting of $10,000 paid pre-petition and $5,000 paid post-petition. Its current hourly rates are $350 for paraprofessionals, $550 for associates and $650 for partners. Schlissel DeCorpo, LLP is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings. The firm can be reached at: Elliot S. Schlissel, Esq. SCHLISSEL DECORPO LLP 479 Merrick Road Lynbrook, NY 11563 Telephone: (516) 561-6645 About Xiang He Yuan LLC Xiang He Yuan LLC is a single-asset real estate entity, as defined under 11 U.S.C. Section 101(51B), focused on owning and managing a single income-generating property. Xiang He Yuan LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 8-26-71034) on March 16, 2026. At the time of the filing, the Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge Sheryl P Giugliano oversees the case. Judge Sheryl P. Giugliano oversees the case. Schlissel DeCorpo, LLP is Debtor's proposed legal counsel. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re David Kimber Lacey Bankr. W.D.N.C. Case No. 26-30911 Chapter 11 Petition filed July 6, 2026 represented by: Benjamin Rhodes, Esq. In re Cynthia Marian Schmerin Bankr. S.D. Tex. Case No. 26-34900 Chapter 11 Petition filed July 6, 2026 represented by: Lloyd Lim, Esq. In re Craig Lewis Ataide Bankr. N.D. Calif. Case No. 26-51047 Chapter 11 Petition filed July 6, 2026 represented by: Robert Goldstein, Esq. In re Jaclyn Tran Henderson Bankr. E.D. Va. Case No. 26-11617 Chapter 11 Petition filed July 7, 2026 represented by: Tatiana Lazo, Esq. In re Josh Benjamin Browne Bankr. E.D. Va. Case No. 26-32800 Chapter 11 Petition filed July 7, 2026 represented by: Michelle Stehle, Esq. In re Tomika Jackson Bankr. N.D. Ga. Case No. 26-58821 Chapter 11 Petition filed July 7, 2026 Filed Pro Se In re Sherree Anntoniette Thomas Bankr. D.S.C. Case No. 26-03063 Chapter 11 Petition filed July 7, 2026 represented by: Roger Pruitt, Esq. R.K. PRUITT LAW FIRM In re Ferdimarc Umbay Bankr. C.D. Calif. Case No. 26-16725 Chapter 11 Petition filed July 7, 2026 In re Fortune Ighodalo Ajebon Bankr. S.D. Tex. Case No. 26-34937 Chapter 11 Petition filed July 7, 2026 Filed Pro Se In re Jack Ellison Griffin Bankr. S.D. W.Va. Case No. 26-50057 Chapter 11 Petition filed July 7, 2026 represented by: Joe Supple, Esq. In re Eric Robert Smith Bankr. D. Utah. Case No. 26-24088 Chapter 11 Petition filed July 7, 2026 represented by: Geoffrey Chesnut, Esq. RED ROCK LEGAL SERVICES, PLLC In re Michael A. Smith Bankr. E.D.N.Y. Case No. 26-43292 Chapter 11 Petition filed July 8, 2026 represented by: Julio Portilla, Esq. In re Casey 281 Brookhollow LLC Bankr. N.D. Tex. Case No. 26-42977 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/G2KK4EQ/Casey_281_Brookhollow_LLC__txnbke-26-42977__0001.0.pdf?mcid=tGE4TAMA represented by: Davor Rukavina, Esq. MUNSCH HARDT KOPF & HARR, P.C. E-mail: drukavina@munsch.com In re Neema, LLC Bankr. E.D.N.C. Case No. 26-03049 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/H4VYIXQ/NEEMA_LLC__ncebke-26-03049__0001.0.pdf?mcid=tGE4TAMA represented by: Joseph Z. Frost, Esq. BUCKMILLER & FROST, PLLC E-mail: jfrost@bbflawfirm.com In re Jones & Reynolds Enterprise LLC Bankr. E.D.N.Y. Case No. 26-72690 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/I5OHIHA/Jones__Reynolds_Enterprise_LLC__nyebke-26-72690__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 999 Crosswinds LLC Bankr. N.D. Tex. Case No. 26-42976 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/37VIX2A/999_Crosswinds_LLC__txnbke-26-42976__0001.0.pdf?mcid=tGE4TAMA represented by: Davor Rukavina, Esq. MUNSCH HARDT KOPF & HARR, P.C. E-mail: drukavina@munsch.com In re Memory Lane Partnership, LLC Bankr. M.D. Tenn. Case No. 26-03216 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/N5EALOY/MEMORY_LANE_PARTNERSHIP_LLC__tnmbke-26-03216__0001.0.pdf?mcid=tGE4TAMA represented by: Jay R. Lefkovitz, Esq. LEFKOVITZ & LEFKOVITZ, PLLC E-mail: jlefkovitz@lefkovitz.com In re CAS Construction Enterprises, L.L.C. Bankr. M.D. Ga. Case No. 26-70741 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/ADBEYNI/CAS_Construction_Enterprises_LLC__gambke-26-70741__0001.0.pdf?mcid=tGE4TAMA represented by: Byron W. Wright III, Esq. BRUNER WRIGHT, P.A. E-mail: twright@brunerwright.com In re GreenMileEV, LLC Bankr. N.D. Ill. Case No. 26-11191 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/CH4HCAA/GreenMileEV_LLC__ilnbke-26-11191__0001.0.pdf?mcid=tGE4TAMA represented by: Gregory K. Stern, Esq. GREGORY K. STERN, P.C. E-mail: greg@gregstern.com In re Houses For The Community LLC Bankr. D. R.I. Case No. 26-10623 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/CXVW7WI/Houses_For_The_Community_LLC__ribke-26-10623__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Victoria Hospice Services, Inc. Bankr. C.D. Calif. Case No. 26-16812 Chapter 11 Petition filed July 8, 2026 See https://www.pacermonitor.com/view/QS3OC2A/Victoria_Hospice_Services_Inc__cacbke-26-16812__0001.0.pdf?mcid=tGE4TAMA represented by: Thomas J. Polis, Esq. POLIS & ASSOCIATES, APLC E-mail: tom@polis-law.com In re 7&7 Property Advisors LLC Bankr. N.D. Ga. Case No. 26-58792 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/TUGU53A/77_Property_Advisors_LLC__ganbke-26-58792__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Miller Reed Project LLC Bankr. N.D. Ga. Case No. 26-58844 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/ZVEWKAI/Miller_Reed_Project_LLC__ganbke-26-58844__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Realty Solutions Systems Bankr. N.D. Ga. Case No. 26-58800 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/KNRJEPA/Realty_Solutions_Systems__ganbke-26-58800__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Las Vegas Model Trains, LLC Bankr. D. Nev. Case No. 26-14264 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/AM5ERFQ/LAS_VEGAS_MODEL_TRAINS_LLC__nvbke-26-14264__0001.0.pdf?mcid=tGE4TAMA represented by: Michael Jay Harker, Esq. LAW OFFICES OF MICHAEL J. HARKER E-mail: notices@harkerlawfirm.com In re Stratum 8 RE LLC Bankr. E.D. Tex. Case No. 26-42361 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/WFT3CGI/Stratum_8_RE_LLC__txebke-26-42361__0001.0.pdf?mcid=tGE4TAMA represented by: Mark Ralston, Esq. FJ LAW PLLC D/B/A FISHMAN JACKSON E-mail: mralston@fishmanjackson.com In re Smok Cigar Lounge, LLC Bankr. D. Nev. Case No. 26-14267 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/OXPVCLY/SMOK_CIGAR_LOUNGE_LLC__nvbke-26-14267__0001.0.pdf?mcid=tGE4TAMA represented by: Matthew C. Zirzow, Esq. LARSON & ZIRZOW, LLC E-mail: mzirzow@lzlawnv.com In re Laser Goddess Inc. Bankr. E.D.N.Y. Case No. 26-43281 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/376ZKFI/Laser_Goddess_Inc__nyebke-26-43281__0001.0.pdf?mcid=tGE4TAMA represented by: Gary C. Fischoff, Esq. BFSNG LAW GROUP, LLP E-mail: gfischoff@bfslawfirm.com In re Delgado Holdings Ga LLC Bankr. N.D. Ga. Case No. 26-58746 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/TAUWUNQ/Delgado_Holdings_Ga_LLc__ganbke-26-58746__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Cara Leigh Cherry Bankr. D. Minn. Case No. 26-32209 Chapter 11 Petition filed July 8, 2026 represented by: John Lamey, Esq. LAMEY LAW FIRM, P.A. In re Bruce K Langson Bankr. D. Nev. Case No. 26-14316 Chapter 11 Petition filed July 8, 2026 represented by: Michael J. Brock, Esq. In re Luis Bautista Garrido Palacio Bankr. S.D. Fla. Case No. 26-19002 Chapter 11 Petition filed July 9, 2026 represented by: Richard Siegmeister, Esq. In re Gregory A. Gilpin Bankr. E.D.N.C. Case No. 26-03107 Chapter 11 Petition filed July 9, 2026 represented by: Danny Bradford, Esq. In re John R. Purland Bankr. S.D. Fla. Case No. 26-19054 Chapter 11 Petition filed July 10, 2026 represented by: Adam Skolnik, Esq. In re Hoyt E. Hart, II Bankr. S.D. Calif. Case No. 26-03001 Chapter 11 Petition filed July 10, 2026 represented by: Andy Warshaw, Esq. In re Elizabeth Ann Mitchell Bankr. S.D. Fla. Case No. 26-19083 Chapter 11 Petition filed July 10, 2026 represented by: Aaron Wernick, Esq. In re Richard J. Adams, Jr. Bankr. D. Ariz. Case No. 26-06756 Chapter 11 Petition filed July 10, 2026 represented by: Nathan A Finch, Esq. THE CROSS LAW FIRM, PLC In re Corridor Gardens Intown LLC Bankr. N.D. Ga. Case No. 26-58991 Chapter 11 Petition filed July 10, 2026 See https://www.pacermonitor.com/view/YV7JBZQ/Corridor_Gardens_Intown_LLC__ganbke-26-58991__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Delta Steel Construction, Inc. Bankr. E.D. Calif. Case No. 26-23367 Chapter 11 Petition filed June 10, 2026 See https://www.pacermonitor.com/view/QXVEWNA/Delta_Steel_Construction_Inc__caebke-26-23367__0001.0.pdf?mcid=tGE4TAMA represented by: David C. Johnston, Esq. DAVID C. JOHNSTON E-mail: david@johnstonbusinesslaw.com In re 515-517 George Street LLC Bankr. E.D.N.Y. Case No. 26-43350 Chapter 11 Petition filed July 10, 2026 See https://www.pacermonitor.com/view/2OOF5NA/515-517_George_Street_LLC__nyebke-26-43350__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Knu Light Distribution LLC Bankr. N.D. Ga. Case No. 26-59039 Chapter 11 Petition filed July 10, 2026 See https://www.pacermonitor.com/view/P3R6ETA/Knu_Light_Distribution_LLC__ganbke-26-59039__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 175 Nassau Road Holding, Inc. Bankr. E.D.N.Y. Case No. 26-72757 Chapter 11 Petition filed July 10, 2026 See https://www.pacermonitor.com/view/DUCCF4Y/175_Nassau_Road_Holding_Inc__nyebke-26-72757__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Zenith Property Mgmt Inc. Bankr. E.D.N.Y. Case No. 26-43358 Chapter 11 Petition filed July 10, 2026 See https://www.pacermonitor.com/view/3ASVNPQ/Zenith_Property_Mgmt_Inc__nyebke-26-43358__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Love One LLC Bankr. E.D.N.Y. Case No. 26-43332 Chapter 11 Petition filed July 9, 2026 See https://www.pacermonitor.com/view/CB6TBHI/Love_One_LLC__nyebke-26-43332__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Omega Roofing, Inc. Bankr. S.D. Fla. Case No. 26-19027 Chapter 11 Petition filed July 9, 2026 See https://www.pacermonitor.com/view/TW3FFCI/Omega_Roofing_Inc__flsbke-26-19027__0001.0.pdf?mcid=tGE4TAMA represented by: Peter Spindel, Esq. PETER SPINDEL, ESQ., P.A. E-mail: peterspindel@gmail.com In re Toyvation LLC Bankr. E.D.N.Y. Case No. 26-43344 Chapter 11 Petition filed July 9, 2026 See https://www.pacermonitor.com/view/C3WRITI/Toyvation_LLC__nyebke-26-43344__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Stanley J. Berke M.D. P.C. Bankr. E.D.N.Y. Case No. 26-72750 Chapter 11 Petition filed July 9, 2026 See https://www.pacermonitor.com/view/FH675EQ/Stanley_J_Berke_MD_PC__nyebke-26-72750__0001.0.pdf?mcid=tGE4TAMA represented by: Heath S. Berger, Esq. BFSNG LAW GROUP, LLP E-mail: hberger@bfslawfirm.com In re Paul M. Scarlett Bankr. S.D.N.Y. Case No. 26-35738 Chapter 11 Petition filed July 12, 2026 represented by: H. Bruce Bronson Jr, Esq. In re LH Property Group LLC Bankr. N.D. Ga. Case No. 26-58740 Chapter 11 Petition filed July 6, 2026 Filed Pro Se In re 381 Main Street Realty Corp Bankr. S.D.N.Y. Case No. 26-35745 Chapter 11 Petition filed July 14, 2026 See https://www.pacermonitor.com/view/3HY52RI/381_Main_Street_Realty_Corp__nysbke-26-35745__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 1925 N Brunswick LLC Bankr. E.D.N.Y. Case No. 26-43382 Chapter 11 Petition filed July 13, 2026 See https://www.pacermonitor.com/view/OKQ6VFI/1925_N__Brunswick_LLC__nyebke-26-43382__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Fuel Group Trading LLC Bankr. W.D. Tex. Case No. 26-11308 Chapter 11 Petition filed July 8, 2026 See https://www.pacermonitor.com/view/PYKHQJY/FUEL_GROUP_TRADING_LLC__txwbke-26-11308__0001.0.pdf?mcid=tGE4TAMA represented by: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC E-mail: robert@demarcomitchell.com In re T.H. Towing & Recovery Inc. Bankr. N.D. Ill. Case No. 26-11309 Chapter 11 Petition filed July 8, 2026 See https://www.pacermonitor.com/view/XHKOPVA/TH_Towing__Recovery_Inc__ilnbke-26-11309__0001.0.pdf?mcid=tGE4TAMA represented by: Gregory K. Stern, Esq. GREGORY K. STERN, P.C. E-mail: greg@gregstern.com In re 1184 Holdings LLC Bankr. E.D.N.Y. Case No. 26-43328 Chapter 11 Petition filed July 9, 2026 See https://www.pacermonitor.com/view/4KMXWBQ/1184_Holdings_LLC__nyebke-26-43328__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Tamara Lovewell and Lance Lovewell Bankr. D. Maine Case No. 26-10133 Chapter 11 Petition filed July 13, 2026 represented by: Laura Hopkins, Esq. In re Sridhar Sambangi Bankr. C.D. Calif. Case No. 26-16963 Chapter 11 Petition filed July 14, 2026 represented by: David Quintana, Esq. In re Jason David Beck and Kristine Beck Bankr. D. Id. Case No. 26-40424 Chapter 11 Petition filed July 14, 2026 represented by: Steven Taggart, Esq. In re Yasin Yasin Bankr. N.D. Ill. Case No. 26-11506 Chapter 11 Petition filed July 13, 2026 represented by: Allan O Fridman, Esq. In re Justin Christopher Voss Bankr. D. Nev. Case No. 26-50701 Chapter 11 Petition filed July 13, 2026 represented by: Kevin A. Darby, Esq. In re Daniel Adam Rowland Bankr. M.D. Fla. 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