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260724.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, July 24, 2026, Vol. 30, No. 205 Headlines 1230 HOLDING: Case Summary & Eight Unsecured Creditors 1251 PACIFIC: Seeks to Hire Northgate Real Estate Advisor 1300 DESERT: Objection to Romspen's Secured Claim Granted in Part 153 INSLEE: Seeks to Hire Levitt & Slafkes as Legal Counsel 1701 BINGLE: Claims to be Paid from Continued Operations 1701 BINGLE: Plan Confirmation Hearing Scheduled for Aug. 12 25 MY RENTCO: Can't Withdraw Thurman's Admission as Principal 3030 RIVERBEND: Seeks Chapter 11 Bankruptcy in Oregon 313 52 REALTY: Taps Northgate Real Estate Group as Broker 3389 COUNTRY CLUB: Case Summary & Two Unsecured Creditors 590-600 REALTY: Hires Goldberg Weprin Finkel Goldstein as Counsel 600 SPRING: Case Summary & Eight Unsecured Creditors 63 SPRING LAFAYETTE: Taps Northgate Real Estate as Estate Advisor 826 CAPITAL: Seeks Chapter 11 Bankruptcy in Florida 97 & 99 PROSPECT: Seeks to Hire Visionary Real Estate as Broker A-V VILLAGE: Gets Interim OK to Use Cash Collateral ABUELO'S INT'L: Unsecureds to Recover 10% via Quarterly Payments ACTUATE THERAPEUTICS: Gets Nasdaq MVLS Deficiency Notice ADVANTAGE SCI: Unsecureds Will Get 100% of Claims in Plan AFC ACQUISITION: Seeks Approval to Tap Baca & Howard as Accountant AI ERA CORP: Posts $4.3MM Q3 Net Loss, Going Concern Doubt Persists ALACHUA GOVERNMENT: Group Wants Ch. 15 Property Rule Axed ALKEGEN: Enters RSA, Sets Prepackaged Ch. 11 to Reduce $3.1B Debt ALL THINGS PRETTY: Samuel Dawidowicz Named Subchapter V Trustee ALUGLASS LLC: Seeks Chapter 11 Bankruptcy in Puerto Rico AMBIPAR EMERGENCY: Chapter 15 Case Summary AMERICAN HEALTH: To Employ Richard D. Tuschman as Counsel AMERICAS CARMART: Grant Thornton Raises Going Concern Doubt AMERIGUARD SECURITY: Bush & Associates Raises Going Concern Doubt AMIREPAIR I INC: Unsecureds Will Get 3% of Claims over 60 Months AMY ANNE CORPUS: Loses Summary Judgment Bid in Slover, et al. Case ANNIE EYELASH: Seeks Approval to Hire Singer & Falk as Accountant ANTIAGING QUANTUM: Debts Exceed Assets by $0.68M at March 31 APPTECH PAYMENTS: Secures $500K Note Financing From Lord Trust ASCEND ELEMENTS: Plan Confirmation Hearing Scheduled for August 17 ASP UNIFRAX: S&P Downgrades ICR to 'CC', Outlook Negative ASPIRA INC: Taps Jaime R. Santana as Real Estate Attorney ATHENAHEALTH GROUP: S&P Rates New Senior Secured Notes 'B' AURORA FUEL: Plan Confirmation Hearing Scheduled for Aug. 19 AUTOWERKS CSTX: Chris Quinn Named Subchapter V Trustee AVALON GLOBOCARE: Rebrands as Change Agents Corp., Symbol to CHGA AVANTGARDE SENIOR: U.S. Trustee Appoints Fay Gordon as PCO AW FARMS: Claims to be Paid from Asset Sale Proceeds AZHAR CHAUDHARY: Loses Bid to Dismiss Ali, et al. Adversary Case BAYOU CRAFTING: Commences Subchapter V Bankruptcy in Louisiana BESPOKE AESTHETICS: Seeks to Tap Moecker Auctions as Appraiser BETHEL PENTECOSTAL: Case Summary & Nine Unsecured Creditors BETHEL PENTECOSTAL: Monique Almy Named Subchapter V Trustee BIG DIGITAL: Closes Acquisition of Hood County Site with 10NetZero BIG DIGITAL: Registers 375K More Shares Under Equity Incentive Plan BIOTRICITY INC: Debts Exceed Assets by $34.7M at March 31 BOKQUA LLC: Colorado Properties Sale to Multiple Buyers OK'd BOXLIGHT CORP: MD Ehsan Khan Owns No Shares as of June 30 BRD LAND: Gets Final OK to Use Cash Collateral BUCKINGHAM SENIOR: Plan Confirmation Hearing Scheduled for Aug. 21 BUZZFEED INC: Names Stanley Washington to Board, Committees C-M TRANSPORT: Seeks Subchapter V Bankruptcy in Michigan C.R. OF WILDWOOD: No Decline in Resident Care, 4th PCO Report Says CAMBIUM NETWORKS: BDO USA Flags Going Concern Uncertainty Over Debt CANNABIST COMPANY: Signs $35M Asset Sale to Vireo Across 5 States CARRIAGE SERVICES: Moody's Ups CFR to B1 & Alters Outlook to Stable CAS CONSTRUCTION: To Hire Bruner Wright P.A. as Legal Counsel CATHETER PRECISION: SEG JETS SPV I, LLC Reports 9.79% Stake CEDAR VALLEY: Plan Exclusivity Period Extended to Aug. 11 CENTRAL FLORIDA: Amends Equipment Sale to Century International CERTIFIED ROOFING: Case Summary & 20 Largest Unsecured Creditors CERTIFIED ROOFING: Seeks Subchapter V Bankruptcy in Florida CHAPIN HOLDINGS: Project Revenue & Financing Proceeds to Fund Plan CHEMOURS COMPANY: Moody's Cuts CFR to B1 & Alters Outlook to Stable CHESAPEAKE HOME: Unsecureds Will Get 8.18% over 3 Years CIG MM: Seeks to Hire Goldberg Weprin Finkel Goldstein as Counsel COAST TO COAST: Seeks to Sell Laundry Business at Auction COCORIO LLC: Diana Torres-Cancel Named Subchapter V Trustee COGNITIVE ORGANICS: Seeks Subchapter V Bankruptcy in Ohio CORLEY NISSAN: Court Vacates Default Judgment in DOWC, et al. Case CRYO-CELL INT'L: Liabilities Exceed Assets by $17.8M at May 31 CUGINO'S PENNINGTON: Retains Ansell Grimm & Aaron as Counsel CYCLERION THERAPEUTICS: Peter M. Hecht Holds 19.4% Equity Stake CYMI INDUSTRIAL: Seeks to Tap Re/Max United as Real Estate Broker D & D VENTURE: Seeks to Hire Fox Rothschild as Bankruptcy Counsel D & D VENTURE: Seeks to Tap Mac Restructuring as Financial Advisor DEL RAY II: Seeks to Extend Plan Exclusivity to Sept. 21 DESERT ROSE: Seeks to Hire Richard S. Feinsilver as Legal Counsel DIESEL DEVELOPMENT: Claims to be Paid from Income DIOCESE OF BURLINGTON: Sale Approval Hearing Scheduled for Aug. 28 DIOCESE OF CAMDEN: Hires Kenneth L. Baum as Legal Representative DISTINCTIVELY OUTDOORS: Retains Loffredo and Loffredo as Accountant DOLPHIN SHORES: Seeks to Hire J.C. Hearne II as Special Counsel DOMO INC: Raises Going Concern Doubt After Debt Covenant Default EAD CONSTRUCTORS: Updates Liquidating Plan Disclosures EEW AMERICAN: Seeks to Hire A.J. Willner Auctions as Auctioneer ELECTRONIC LAB: Seeks to Tap Bagchi Group as Financial Advisor ELITE INVESTMENTS: Files Emergency Bid to Use Cash Collateral ELITE INVESTMENTS: Seeks to Hire David W. Langley as Legal Counsel ESGTHERM LLC: Seeks to Retain Vestcorp LLC as Accountant ESGTHERM LLC: Seeks to Tap Wilentz Goldman & Spitzer as Counsel FERRARA BUILDING: Hires Zemanian Law Group as Bankruptcy Counsel FERRELLGAS PARTNERS: Extends CEO Zertuche's Employment Term to 2029 FIRST BRANDS: Committee Taps Chamberlain, Hrdlicka as Counsel FRANKLIN SQUARE: S&P Downgrades ICR to 'BB-', Outlook Stable FRAZER SCHOOL: Gets Interim OK to Use Cash Collateral FREEDOM FOREVER: Gets OK to Hire Cascadia as Investment Banker GABBY INVESTMENT: Seeks to Hire Fermin Group as Estate Broker GALILEO ADMINISTRACAO: Chapter 15 Case Summary GEC TRANSPORT: Amends Unsecured Claims Pay Details GENERATION HEALTHCARE: No Decline in Patient Care, PCO Report Says GENESIS HEALTHCARE: Sidley Has Conflict in Adversary Case GK INVESTMENT: Cherry Bekaert Raises Going Concern Doubt Over Bonds GLOBAL AI: Raises Going Concern Doubt Amid Liquidity Crunch GLOBAL LEADERSHIP: Seeks to Retain Vestcorp as Accountants GOHEALTH INC: Completes Financial Restructuring, Exits Chapter 11 GOHEALTH INC: Emerges from Chapter 11 Under Prepackaged Plan GOHEALTH INC: Exits Ch. 11 as New LLC with $782M Takeback Facility GOLIATH VENTURES: Plan Exclusivity Period Extended to Dec. 31 GREYHOUND ARAMINGO: Taps Valbridge Property Advisors as Appraiser GROUND WEST: Gets OK to Use Cash Collateral GVO PARTNERS: Wins Approval to Convert Chapter 11 Case to Chapter 7 H&H ENTERPRISES: Taps Moffa Sutton and Donnini as Special Counsel HAWAIIAN ELECTRIC: S&P Upgrades ICR to 'BB-', Outlooks Stable HERITAGE COAL: Trustee Alleges Former Owners Concealed Fraud HIGH STREET: Case Summary & 20 Largest Unsecured Creditors HILBERT GROUP: Plan Exclusivity Period Extended to Sept. 22 HILL METAL: Hires Evans & Mullinix as General Bankruptcy Counsel HOMETOWN CHIROPRACTIC: Gets Extension to Access Cash Collateral HOMETOWN HOSPITALITY: Daniel Etlinger Named Subchapter V Trustee HOWARD MIDSTREAM: S&P Rates Proposed $600MM Senior Unsec. Notes BB- HULL ORGANIZATION: Property Sale Not Free and Clear of USMAA Lease HUNT PROPERTIES: Seeks to Hire Brandon Clenney as Accountant HUNT PROPERTIES: Seeks to Hire Thomas Strawn as Bankruptcy Counsel INKS & BINDINGS: Seeks Approval to Hire Pena & Soma as Counsel INNOVATIVE INDUSTRIAL: Parallel Defaults on $1.6M Lease Payments INOTIV INC: Court Confirms Joint Prepackaged Chapter 11 Plan INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says INTEGRATED PROTEINS: Gets Interim OK to Use Cash Collateral INVO FERTILITY: WithumSmith+Brown Raises Going Concern Doubt IRIS HOLDING: S&P Alters Outlook to Negative, Affirms 'B-' ICR J.C. PENNEY: Faces Bondholder Lawsuit Over Chapter 11 Claims JAGUAR LOGISTICS: Unsecureds to Split $9K via Quarterly Payments JASNIA REALTY: To Sell Springfield Property to Kenneth & Kat Beagle JASON MCKEEVER: Court Stays Everest Breach of Contract Case JEFFREY SIMPSON: Court Rules on Personal Property Ownership Dispute JENK'S BEST: Case Summary & 20 Largest Unsecured Creditors JENK'S BEST: Seeks Chapter 11 Bankruptcy in Maryland KARYOPHARM THERAPEUTICS: Sets $3.72 Million Retention Plan KASAI HOLDINGS: Trustee Hires Sierra Auction as Auctioneer KING AT EIGHT: Gets Interim OK to Use Cash Collateral KNOWBE4 INC: S&P Alters Outlook to Stable, Affirms 'B-' ICR LANDMARK RECOVERY: No Patient Care Concern, 5th PCO Report Says LASER GODDESS: Gets Interim OK to Use Cash Collateral Until Aug. 13 LEROYS MEATS: Unsecureds Will Get 5.6% of Claims in Plan LIMITLESS X: Raises Going Concern Doubt Amid Funding Uncertainty LINQTO INC: Files Suit to Force Trustee to Perform Duties LOFTS AT NORTH PENN: Files Emergency Bid to Use Cash Collateral LUGANO DIAMONDS: Disclosure Statement Has Interim Approval LUGANO DIAMONDS: Seeks to Extend Plan Exclusivity to Oct. 13 LUGANO DIAMONDS: Updates Convenience Claims Pay Details MAGNERA CORP: Moody's Alters Outlook on 'B1' CFR to Negative MAGNOLIA OIL: S&P Rates New $500MM Senior Unsecured Notes 'BB-' MAKELELE SYSTEMS: Recovery for Unsecureds Still to Be Determined MARTINES PALMEIRO: Can't Arbitrate Claims in Plaza Adversary Case MARTINI FITNESS: Seeks to Use Cash Collateral MEDICAL SYSTEM: Gets Interim OK to Use Cash Collateral MEM HOLDINGS: Claims to be Paid from Rental Income & Sale Proceeds MGT CAPITAL: Eliminates $1.2M Debt Through Exchange Agreement MICROBILT CORP: Seeks to Retain Stevens & Lee as Counsel MILE HIGH: No Change in Patient Care, 1st PCO Report Says MKZ DISTRIBUTION: Soneet Kapila Named Subchapter V Trustee MONARCH BAY: Plan Confirmation Hearing Continued to Sept. 30 MONIKUE BELT: Robert Handler Named Subchapter V Trustee MORNING LAVENDER: Seeks to Hire Polis & Associates as Counsel MOUNTAIN REGIONAL: Seeks to Extend Plan Exclusivity to Aug. 17 MPH RESTAURANTS: Appointment of Chapter 11 Trustee OK'd MTF HOLDINGS: Trustee Taps Novo Advisors as Accountants and Advisor MVMT LABS: Jeffrey Schwendeman of RPA Named Subchapter V Trustee MY CAR WASH: Court OKs Bid Rules for Belleview Property Sale MY SIZE: Stockholders Approve Key Proposals at 2026 Annual Meeting NEOTEK INC: Gets Final OK to Use Cash Collateral NEVADA CHARTER: S&P Rates 2026 Revenue Bonds 'BB+', Outlook Stable NEW AMSTERDAM: Seeks to Tap LaMonica Herbst & Maniscalco as Counsel NORTH FLORIDA: Unsecured Creditors to Split $10K in Plan NURIEL & GRACE: PCO Reports No Change in Resident Care Quality OMNICARE LLC: Claims to be Paid from Asset Sale Proceeds ONAR HOLDING: Raises Going Concern Doubt Over Liquidity Deficit OSTENDO TECHNOLOGIES: Seeks Cash Collateral Access P R C TRANSPORT: Gets Interim OK to Use Cash Collateral P R C TRANSPORT: Hires McManimon Scotland & Baumann as Counsel PAGAYA TECHNOLOGIES: S&P Affirms 'B' LT ICR on Steady Performance PAULA J. KRUPPSTADT: Case Summary & 19 Unsecured Creditors PAULA J. KRUPPSTADT: Seeks Subchapter V Bankruptcy in Texas PCR AGAWAM: Withdraws Motion to Sell Agawam Property Sale PERFECT CHOICE: Unsecureds to Get Share of Income for 36 Months PERFECT IMPRINTS: Case Summary & Four Unsecured Creditors PERFECT IMPRINTS: Kathleen DiSanto Named Subchapter V Trustee PHONEIC INC: Must File Revised Chapter 11 Small Business Plan PICO-UNION HOUSING: Seeks Cash Collateral Access Until Sept. 25 POLAROID CORP: Motion to Exclude Fujifilm's Experts Granted in Part PROOFPOINT INC: S&P Upgrades ICR to 'B' on Expected Deleveraging PROPERTY ADVOCATES: Litigation Agent Taps Yip Assoc. as Accountant PUERTO RICO: Monserrate-Torres Loses Bid for Automatic Stay Relief PURDUE PHARMA: Court Approves $1B+ Bankruptcy Fees QUEST IDENTITY: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR QVC GROUP: Court Confirms Second Amended Chapter 11 Plan RB MARKETPLACE: To Sell Cooper Vehicle to Clarimar Rodriguez Baez REGENERATIVE MEDICAL: Raises Going Concern Amid Liquidity Strain RIA R SQUARED: Case Summary & 15 Unsecured Creditors RIA R SQUARED: Seeks Chapter 11 Bankruptcy in Florida RIDGE BEST: Case Summary & 20 Largest Unsecured Creditors RITE GUIDE: To Sell Oroville Property to M. Turner & O. E. Cruz ROBERTS CHEVROLET: Court Sets July 24 Bid Submission Deadline RTB DIGITAL: Shareholder Jason Dorsett Holds 30.6% Stake RTB DIGITAL: Signs Technology Partnership With Mario Nawfal RUM SUGAR: Seeks to Hire Darby Law Practice as Bankruptcy Counsel RYZEMD CORPORATION: Plan Confirmation Hearing Scheduled for Aug. 19 SAI BHOLE-NATH: Plan Confirmation Hearing Scheduled for Aug. 25 SAN FRANCISCO ARCHDIOCESE: Proposes $395M Settlement with Survivors SANTA PAULA: To Sell Bakersfield Property to Aramex Farm for $622K SANTA PAULA: To Sell Delano Agri Property to Adrian Gonzalez SANTA PAULA: To Sell Delano Property to Sidhu Farm for $563K SANTA PAULA: To Sell Tulare Property to Adrian Gonzalez for $290K SILICON VALLEY: Liquidator Poised to Collect Millions in Tax Refund SIMPLY INTERIOR: Committee Seeks to Tap Dundon as Financial Advisor SIMPLY INTERIOR: Committee Taps Foresight Restructuring as Advisor SIMPLY INTERIOR: Committee Taps Lowenstein Sandler as Legal Counsel SKYLARK HOTELS: Gets OK to Use Cash Collateral Until Aug. 13 SONICWALL HOLDINGS: S&P Upgrades ICR to 'CCC+', Outlook Stable SOUND INPATIENT: Moody's Cuts CFR to Caa1 & Alters Outlook to Pos. SPHERE 3D: Jialin Qu and Togetsu Trust Report 6.2% Stake STARCO BRANDS: Acquires Custom Bakehouse for $8M Plus Earnout START TO FINISH: Unsecureds Will Get 10% of Claims over 36 Months STONEBRIDGE GOLF: Seeks Approval to Hire M Singh CPA as Accountant STONEBRIDGE GOLF: Taps Trenk Isabel Siddiqi & Shahdanian as Counsel STRUCTURE INDUSTRIES: Plan Exclusivity Period Extended to Sept. 16 SWIFTSHIPS LLC: Seeks to Extend Plan Exclusivity to Sept. 14 SYSTEMATIC AUDIO: Soleymani, et al., Win Bid for Stay Relief TAWR PROPERTY: Plan Exclusivity Period Extended to Aug. 14 TEL INSTRUMENT: CBIZ Flags Going Concern Risk Amid Cash Shortfall TFH FITNESS: Seeks Approval to Tap Frank B. Lyon as Legal Counsel TIBERTI COMPANY: Taps Andersen Beede Weisenmiller as Legal Counsel TIGER CAPITAL: Seeks to Hire Scordato Law as Bankruptcy Counsel TIMOTHY JOSEPH BOYD: Court Narrows Claims in W. Carly Reynolds Case TITAN ENGINEERS: Retains Greenbaum Rowe Smith & Davis as Counsel TLC PHYSICAL: Case Summary & Nine Unsecured Creditors TLC PHYSICAL: Commences Chapter 11 Bankruptcy in New York TONIX PHARMACEUTICALS: CMO Dr. Sullivan to Retire Effective Aug. 20 TOTAL AUTO: Little Can't File Amended Counterclaim in "Caspian" TOYIN STREET: Claims to be Paid from Property Sale Proceeds TRI-BOROUGH HOME: Case Summary & 12 Unsecured Creditors TRI-BOROUGH HOME: Seeks Chapter 11 Bankruptcy in New York TROVE BREWING: Gets OK to Use Cash Collateral TWENTY EIGHT: Updates Administrative Expense & Tax Claims Pay UMBRELLA PROJECT: Katharine Clark Named Subchapter V Trustee UNIVERSAL SAFETY: CBIZ CPAs Raises Going Concern Over Funding Needs VIVAKOR INC: Completes Second Closing of $12M Note Offering VIVAKOR INC: Issues 65K Shares Upon Convertible Note Conversions VOLITIONRX LTD: Approves All Five Key Proposals at Annual Meeting WARINGIN LTD: Court Dismisses Bankruptcy Case as Bad-Faith Filing WELLFUL INC: Moody's Affirms Caa2 CFR & Alters Outlook to Positive WELLMADE FLOOR: Court Rules on Creditors' Late-Filed Claims WHITE ROCK: Amends Unsecured Claims Pay Details WILDFIRE INTERMEDIATE: S&P Places 'B' ICR on CreditWatch Positive WISCONIC LLC: To Sell Elroy Property to St. Martin Land for $1.2MM WORLD CLASS: Seeks to Sell Vero Beach Property to Highest Bid WORLD DISCOVERY: Seeks to Hire Dorothy Billings as Accountant Y & Q HOME: Seeks to Tap Leech Tishman Fuscaldo & Lampl as Counsel ZD SAND: Trustee Taps Hughes Watters Askanase as Counsel ZYYAH LLC: Seeks to Hire Leech Munsch Hardt Kopf & Harr as Counsel [] BOOK REVIEW: LING The Rise, Fall, & Return of a Texas Titan [] Legal Bay Highlights Momentum in Clergy Abuse Settlements ********* 1230 HOLDING: Case Summary & Eight Unsecured Creditors ------------------------------------------------------ Debtor: 1230 Holding LLC 314 McDonald Avenue Brooklyn, NY 11218 Business Description: 1230 Holding LLC is a real estate company that owns and leases a single property. Chapter 11 Petition Date: July 20, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43469 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Adam P. Wofse, Esq. LAMONICA HERBST & MANISCALCO, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Tel: 516-826-6500 Email: awofse@lhmlawfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Joseph Friedman as manager. A copy of the Debtor's list of its eight unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/H43PWXQ/1230_Holding_LLC__nyebke-26-43469__0001.1.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HTC3D3I/1230_Holding_LLC__nyebke-26-43469__0001.0.pdf?mcid=tGE4TAMA 1251 PACIFIC: Seeks to Hire Northgate Real Estate Advisor --------------------------------------------------------- 1251 Pacific St LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Northgate Real Estate Group as real estate advisor for its property located at 238-240 East 52nd Street, Brooklyn, NY 11203. The firm will provide these services: (a) market and sell, arrange refinancing for, or otherwise dispose of the Property on such terms as are acceptable to the company; (b) negotiate the business terms of each purchase and sale agreement on behalf of the company, subject to the company's review and approval; (c) cooperate with other licensed real estate brokers representing purchasers subject to the terms of the Retention Agreement; and (d) assist in the proposed marketing and sale, refinancing, or other disposition of the Property. Northgate will receive: (i) a 6% commission in the form of a buyer's premium if the Property is sold to a third party or an unrelated assignee of the secured creditor's credit bid; (ii) a 3% commission if the lender is the successful purchaser by credit bid at a bankruptcy or foreclosure sale and closes on the purchase; or (iii) a 4.5% refinancing fee if the Property is refinanced. Northgate Real Estate Group is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the estate, according to court filings. The firm can be reached at: Greg Corbin, President NORTHGATE REAL ESTATE GROUP, LLC 1633 Broadway, 46th Floor New York, NY 10019 About 1251 Pacific St LLC 1251 Pacific St LLC is a single-asset real estate company that owns a multifamily residential building at 238/240 East 52nd Street in Brooklyn, New York. 1251 Pacific St LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42901) on June 12, 2026. At the time of the filing, the company had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Jil Mazer-Marino oversees the case. SHAFFERMAN & FELDMAN LLP is the company's legal counsel. 1300 DESERT: Objection to Romspen's Secured Claim Granted in Part ----------------------------------------------------------------- The Hon. Philip Bentley of the U.S. Bankruptcy Court for the Southern District of New York granted, in part, and denied, in part, 1300 Desert Willow Road, LLC's objection to the secured claim of its lender, Romspen Investment LP in the bankruptcy case. The Debtor is a single-asset real estate entity, which was formed to acquire a light industrial manufacturing facility located in Los Lunas, New Mexico. In April 2022, the Debtor refinanced its debt by taking out a $20 million loan, secured by a first mortgage on that property, from Romspen, a real estate investment firm. Later that year, after a number of tenants vacated the property, the Debtor failed to make payments due under the loan, and the loan became fully due and payable. Romspen scheduled the property for a foreclosure sale but then entered into a series of forbearance agreements with the Debtor, which remained in place for a bit more than two years. In June 2025, after the last forbearance agreement had lapsed and with a foreclosure sale finally imminent, the Debtor filed its chapter 11 petition. Romspen is the Debtor's only secured creditor, and its only substantial creditor of any sort. It asserts a claim of approximately $26 million as of the petition date, consisting of about $20 million of principal and $6 million in interest and other charges. The only general unsecured claims that have been filed and not disallowed are the claims of two law firms that had represented the Debtor prepetition; their claims total a bit less than $60,000. Administrative and priority claims are not expected to be substantial. As a result, Romspen holds the vast majority of the claims against the Debtor, and there is a very good chance that, if Romspen turns out to be oversecured, the Debtor will be solvent. The Debtor has objected to Romspen's claim on a number of grounds. Specifically, the Debtor challenges the inclusion of default interest, late fees and forbearance fees, and it argues that interest should be computed on a simple, rather than compound, basis. The charges to which the Debtor objects accrued both prepetition and postpetition. It is undisputed that the postpetition amounts are subject to Bankruptcy Code Sec. 506(b)'s requirement that fees allowed to an oversecured lender be reasonable. However, the case law is divided as to whether prepetition amounts are also subject to that reasonableness requirement or instead are governed by state law (in this case, New York law), which generally does not authorize courts to review parties' agreements for reasonableness. Judge Bentley holds, "I find that the text of section 506(b), when read in conjunction with section 502(b), is ambiguous, and that several considerations compel a narrow construction of section 506(b), limiting its reasonableness standard to postpetition amounts. Applying New York law to prepetition amounts and section 506(b) to postpetition amounts, I will (i) disallow Romspen's claim for both prepetition and postpetition late fees, (ii) allow Romspen's claim for prepetition forbearance fees, and (iii) allow Romspen's claim for postpetition default interest. (The Debtor does not object to Romspen's claim for prepetition default interest.) In addition, I find that Romspen's loan documents provide for interest to be computed on a simple, rather than compound, basis." Judge Bentley deferred his ruling in part until a final determination can be made as to whether Romspen is oversecured. He explains, "I assume that Romspen is oversecured, as the appraisals filed by the parties during this case indicate. However, the Debtor's sole property is currently being marketed for sale, and a sale hearing is scheduled to be heard in September. In these circumstances, it would not be appropriate for me to rule now on whether Romspen is oversecured. Instead, that issue will be determined by the outcome of the sale. That is, Romspen will be entitled to postpetition interest to the extent, but only to the extent, the sale proceeds cause it to be oversecured." A copy of the Court's Bench Decision dated July 20, 2026, is available at https://urlcurt.com/u?l=DW8WrU from Pacermonitor.com. About 1300 Desert Willow Road 1300 Desert Willow Road, LLC owns a property at 1300 Desert Willow Road in Los Lunas, New Mexico, valued at $40 million. 1300 Desert Willow Road sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11375) on June 22, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Philip Bentley oversees the case. The Debtor is represented by H. Bruce Bronson, Esq., at Bronson Law Offices, PC. Romspen Investment LP, as lender, is represented by Brigid K. Ndege, Esq., at Bryan Cave Leighton Paisner, LLP, in Chicago, Illinois. 153 INSLEE: Seeks to Hire Levitt & Slafkes as Legal Counsel ----------------------------------------------------------- 153 Inslee Place, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Levitt & Slafkes, PC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Bruce Levitt, Partner $600 Other Partners $500 Attorneys $400 The firm will receive a retainer of $7,500, plus filing fee of $1,738 from the Debtor. Mr. Levitt 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: Bruce H. Levitt, Esq. Levitt & Slafkes, PC 515 Valley Street, Suite 140 Maplewood, NJ 07040 Telephone: (973) 313-1200 Email: blevitt@lsbankruptcylaw.com About 153 Inslee Place LLC 153 Inslee Place LLC is an Elizabeth, New Jersey-based lessor of residential dwellings operating as a single-asset real estate entity. The company holds a multi-family residential property in Elizabeth, which is the primary asset underlying the bankruptcy case. 153 Inslee Place LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17627) on July 1, 2026. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by Bruce H. Levitt, Esq. of Levitt & Slafkes, PC. 1701 BINGLE: Claims to be Paid from Continued Operations -------------------------------------------------------- 1701 Bingle, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization dated July 9, 2026. The Debtor started operations in 2012. The Debtor owns, operates, maintains, sells and make improvements in real property. The Debtor is currently owned by David Scheffler (100%). He will remain manager and representative of the Debtor going forward. The Debtor had to file bankruptcy due to decline in cash flow due to deteriorating economic conditions affecting its customer base. After doing almost $316,330.40 in business in 2024, 1701 Bingle, LLC ramped up its business expecting an increase in business income to close on $245,815.02 in 2025. In 2025, 1701 Bingle, LLC brought in less in revenue than anticipated, and the associated costs were too high. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into five classes of Claimants. These claimants will receive cash repayments over a period of time beginning on the Effective Date. While Debtor's Plan proposes to pay claims not to exceed five years, nothing prevents Debtor from prepaying its claims. Class 4 consists of Allowed Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at 100% percent per annum over the next four years beginning not later than the 15th day of the first full calendar month following 30 days after the effective date of the plan and continuing every year thereafter for the additional four years remaining on this date. Debtor shall commence disbursements to the Class 4 claims beginning the second year of the plan through the fifth year after the effective date of confirmation. The current owners will receive no payments under the Plan; however, they will be allowed to retain their ownership in the Debtor. The Debtor anticipates the continued operations of the business to fund the Plan. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=VlEQXo from PacerMonitor.com at no charge. Counsel to the Debtor: Vicky M. Fealy, Esq. THE FEALY LAW FIRM, PC 1235 North Loop W, Ste 1120 Houston, TX 77008 Telephone: (713) 526-5220 Facsimile: (713) 526-5227 E-mail: vfealy@fealylawfirm.com About 1701 Bingle LLC 1701 Bingle, LLC is a limited liability company engaged in real estate ownership and property investment activities. 1701 Bingle sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-32479) on April 9, 2026. In its petition, the Debtor reported assets of between $10 million and $50 million and liabilities of between $1 million and $10 million. Judge Jeffrey P. Norman handles the case. The Debtor is represented by Vicky M. Fealy, Esq. of Fealy Law Firm, PC. 1701 BINGLE: Plan Confirmation Hearing Scheduled for Aug. 12 ------------------------------------------------------------ 1701 Bingle, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization. Judge Jeffrey Norman entered the following Confirmation Schedule: * August 5, 2026, is fixed as the last day for filing and serving in accordance with Fed. R. Bankr. P. 3018(a) written objections to confirmation of the plan. * August 12, 2026, at 10:30 a.m. is fixed for the hearing on confirmation of the plan. The hearing shall be held in Courtroom 403, United States Courthouse, 515 Rusk St., Houston, Texas. According to the Plan of Reorganization, the Debtor filed its Chapter 11 case due to decline in cash flow due to deteriorating economic conditions affecting its customer base. After doing almost $316,330.40 in business in 2024, 1701 Bingle, LLC ramped up its business expecting an increase in business income to close on $245,815.02 in 2025. In 2025, 1701 Bingle, LLC brought in less in revenue than anticipated, and the associated costs were too high. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into five classes of Claimants. These claimants will receive cash repayments over a period of time beginning on the Effective Date. While Debtor's Plan proposes to pay claims not to exceed five years, nothing prevents Debtor from prepaying its claims. Class 4 consists of Allowed Unsecured Claims. All allowed unsecured creditors shall receive a pro rata distribution at 100% percent per annum over the next four years beginning not later than the 15th day of the first full calendar month following 30 days after the effective date of the plan and continuing every year thereafter for the additional four years remaining on this date. Debtor shall commence disbursements to the Class 4 claims beginning the second year of the plan through the fifth year after the effective date of confirmation. The current owners will receive no payments under the Plan; however, they will be allowed to retain their ownership in the Debtor. The Debtor anticipates the continued operations of the business to fund the Plan. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=VlEQXo from PacerMonitor.com at no charge. Counsel to the Debtor: Vicky M. Fealy, Esq. THE FEALY LAW FIRM, PC 1235 North Loop W, Ste 1120 Houston, TX 77008 Telephone: (713) 526-5220 Facsimile: (713) 526-5227 E-mail: vfealy@fealylawfirm.com A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=umFTkd from PacerMonitor.com. About 1701 Bingle LLC 1701 Bingle, LLC, is a limited liability company engaged in real estate ownership and property investment activities. 1701 Bingle sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-32479) on April 9, 2026. In its petition, the Debtor reported assets of between $10 million and $50 million and liabilities of between $1 million and $10 million. Judge Jeffrey P. Norman handles the case. The Debtor is represented by Vicky M. Fealy, Esq. of Fealy Law Firm, PC. 25 MY RENTCO: Can't Withdraw Thurman's Admission as Principal ------------------------------------------------------------- Chief Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York denied the motion of Tribeca Mews Ltd. ("Tribeca Mews" or "Sponsor"), Brad Thurman as Executor of the Estate of Harold Thurman, Brad Thurman ("Brad"), and 25 MyRentco, LLC to withdraw Brad Thurman's admission of status as principal of the Sponsor in the adversary proceeding captioned as Tribeca Space Managers, Plaintiff, v. Tribeca Mews Ltd., Brad Thurman, as Executor of the Estate of Harold Thurman, Brad Thurman, 25 My RentCo LLC, Defendants, Adv. Pro. Case No. 25-01143 (MG) (Bankr. S.D.N.Y.). Plaintiff Tribeca Space Mangers, Inc. ("Plaintiff" or the "Board") opposed Defendants' motion seeking to withdraw the admission. The issue in this dispute traces back to the initial State Court Action between Plaintiff and Defendants, Tribeca Space Managers Inc. v. Tribeca Mews Ltd., et al., (Index No. 653292/2013, NY County) (the "State Court Action"). In response to a notice to admit served by the Board before the start of trial in the State Court Action in 2017 (the "Notice to Admit"), Brad admitted to being a principal of Sponsor. Defendants claim that these admissions were made by mistake and now seeks to withdraw the admission. Defendants argue that trial exhibit DX FFF, the Unanimous Written Consent to Action of the Directors in Lieu of a First Meeting of Directors of Tribeca Mews Ltd., establishes that Brad was not a principal of sponsor. They allege that Brad was merely the Sponsor's Vice President and Director rather than a principal of Sponsor. They rely on Rule 3123(b) of the New York CPLR and Federal Rule of Civil Procedure 36(b) in making these arguments. Additionally, Defendant argues that there is cause to allow the amendment under CPLR 3123(b). The CPLR grants courts broad discretion to allow a party to amend or withdraw an existing admission made in response to a notice to admit. They argue that as DX FFF conclusively establishes that the admission was made mistakenly, and that amendment is warranted. Plaintiff argues that throughout the thirteen years of litigation since the inception of the State Court Action, Defendants have consistently disclosed that Brad was a principal of Sponsor. Plaintiff alleges that Brad breached his personal fiduciary duties towards the board and that Defendants' Motion is an attempt to minimize any liability Brad would have from not fulfilling sponsor obligations. In regard to DX FFF, Plaintiff claims that the document alone should not negate the many instances where Defendants have claimed Brad to be a principal of Sponsor as a matter of law. The New York Code of Rules and Regulations ("Regulations") define a "principal" to include not only owners, but also individual sponsors, general partners, officers, directors, shareholders, and any other individuals who own or control an interest in the sponsor and actively participate in the planning or consummation of the offering, regardless of the sponsor's organizational form. Therefore, Plaintiff concludes that the motion for withdrawal of mistaken admission was made disingenuously and should be denied. The Court finds withdrawal would be prejudicial because this request comes after thirteen years of litigation and nearly two decades since Brad began a relationship with the Board, during which Brad's status as a principal of Sponsor was never disputed. Permitting Defendants to withdraw that admission during trial would substantially alter the factual landscape and require Plaintiff to defend against a newly created dispute concerning an issue that had long been treated as undisputed. For these reasons, the Court denies the withdrawal under Rule 36. Given the repeated statements by Defendants and the clear prejudice to Plaintiff, the Court denies the withdrawal under CPLR 3123(b). A copy of the Court's Memorandum Opinion and Order dated July 21, 2026, is available at https://urlcurt.com/u?l=SZsVmQ from Pacermonitor.com. About 25 My RentCo LLC 25 My RentCo LLC is a New York limited liability company that serves as a holding entity for the remaining sponsor-controlled condominium units at 25 Murray Street, New York City. The Company acquired fee ownership of the units from Tribeca Mews Ltd. in July 2011 and became the successor sponsor under the property's condominium offering plan. 25 My RentCo LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-12280) on October 16, 2025. In its petition, the Debtor reports total assets of $11,053,987 and total liabilities of $226,243. The Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Scott S. Markowitz, Esq. and Jacob Gabor, Esq., at Tarter Krinsky & Drogin LLP. 3030 RIVERBEND: Seeks Chapter 11 Bankruptcy in Oregon ----------------------------------------------------- On July 15, 2026, 3030 Riverbend, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Oregon. According to court filings, the debtor reports between $10 million and $50 million in assets and between $10 million and $50 million in liabilities. The petition indicates there will be funds available for distribution to unsecured creditors. A meeting of under Section 341(a) to be held on August 17, 2026 at 03:00 PM via 341 Meeting via Telephone (UST). Dial 888-330-1716, passcode 5189986. About 3030 Riverbend, LLC 3030 Riverbend, LLC is a Salem, Oregon-based real estate development company engaged in the ownership and development of real estate assets. 3030 Riverbend, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-61943) on July 15, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Hon. Teresa H. Pearson is overseeing the case. The debtor is represented by Zoe Habekost, Esq., of Tonkon Torp LLP. 313 52 REALTY: Taps Northgate Real Estate Group as Broker --------------------------------------------------------- 313 52 Realty LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Northgate Real Estate Group as real estate broker in connection with the sale of the Debtor's real property located at 313 52nd Street, Brooklyn, New York. The firm will provide these services: (a) assist in the marketing of the Property; (b) assist in the sale of the Property; (c) act as real estate advisor in connection with the marketing and sale of the Property; and (d) render the necessary professional services required in connection with the marketing and sale of the Property. Upon closing of a sale, the firm will receive a commission equal to 6% of the gross purchase price. If T.D. Bank N.A. is the successful bidder, the firm will receive a commission equal to 3.5% of its bid. In the event of an alternate outcome other than a sale, the firm will be entitled to a fee equal to 4.5% of the gross value or consideration exchanged. Northgate Real Estate Group 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: Greg Corbin NORTHGATE REAL ESTATE GROUP 1633 Broadway, 46th Floor New York, NY 10019 E-mail: greg@northgatereg.com About 313 52 Realty LLC 313 52 Realty LLC is a real estate holding company typically engaged in the ownership, management, or leasing of commercial or residential properties. Entities structured in this manner are commonly used to manage property-related assets and associated financial obligations. 313 52 Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-41941) on April 22, 2026. In its petition, the Debtor reports estimated assets of $1,000,000 to $10,000,000 and estimated liabilities of $1,000,000 to $10,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Dawn Kirby, Esq. of Kirby Aisner & Curley LLP. 3389 COUNTRY CLUB: Case Summary & Two Unsecured Creditors --------------------------------------------------------- Debtor: 3389 Country Club LLC 3389 Country Club Dr Glendale, CA 91208 Business Description: 3389 Country Club LLC owns a residential home located at 3389 Country Club Dr., in Glendale, California. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16996 Judge: Hon. Barry Russell Debtor's Counsel: Kevin Tang, Esq. TANG & ASSOCIATES 17011 Beach Blvd Suite 900 Huntington Beach, CA 92647 Tel: 714-594-7022 Fax: 714-421-4439 Email: kevin@tang-associates.com Total Assets: $3,500,000 Total Liabilities: $2,720,240 The petition was signed by Hasmik Rose Alexanyan as managing member. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/R6GGMZI/3389_Country_Club_LLC__cacbke-26-16996__0001.0.pdf?mcid=tGE4TAMA 590-600 REALTY: Hires Goldberg Weprin Finkel Goldstein as Counsel ----------------------------------------------------------------- 590-600 Realty Corp seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Goldberg Weprin Finkel Goldstein LLP as counsel. The firm will render these services: (a) provide the Debtor with all necessary representation in connection with this Chapter 11 case, as well as its responsibilities; (b) represent the Debtor in all proceedings before the U.S. Bankruptcy Court and the Office of the U.S. Trustee; (c) review, prepare and file all necessary legal papers on the Debtor's behalf; and (d) render all other legal services required by the Debtor in addressing the claims of the creditors, and refinancing of the properties to fund a plan of reorganization. The firm will be paid at these hourly rates: Partner $635 - $865 Associate $495 - $620 Paralegal $85 - $125 In addition, the firm will seek reimbursement for expenses incurred. Prior to the Chapter 11 filing, the firm received a pre-petition retainer of $37,000 from the Debtor, including $2,000 as an advance to cover out-of-pocket expenses and filing fees. J. Ted Donovan, Esq., an attorney at Goldberg Weprin Finkel Goldstein, 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: J. Ted Donovan, Esq. Goldberg Weprin Finkel Goldstein LLP 125 Park Avenue, 12th Floor New York, NY 10017 Telephone: (212) 221-5700 About 590-600 Realty Corp. 590-600 Realty Corp. owns and operates residential apartment buildings in Jackson Heights, New York. 590-600 Realty Corp. filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case No. 26-42201) on May 5, 2026, listing as much as $10 million to $50 million in both assets and liabilities. Karan Singh, vice president and treasurer, signed the petition. Goldberg Weprin Finkel Goldstein LLP serves as the Debtor's counsel. 600 SPRING: Case Summary & Eight Unsecured Creditors ---------------------------------------------------- Debtor: 600 Spring, LLC 23838 Pacific Coast Hwy #2833 Malibu, CA 90265 Business Description: 600 Spring LLC is a single-asset real estate company that owns and develops a luxury residential project in Malibu, California. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11018 Judge: Hon. Ronald A Clifford III Debtor's Counsel: David B. Golubchik, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHICK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Estimated Assets: $100 million to $500 million Estimated Liabilities: $100 million to $500 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/IWMO7OY/600_Spring_LLC__cacbke-26-11018__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Eight Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Diamond Landscaping, LLC Construction $1,150,230 6825 Valjean Ave Van Nuys, CA 91406 Tel: (818) 509-9573 2. Condor, Inc. Construction $684,424 3000 Durfee Ave El Monte, CA 91732 Tel: (626) 455-0050 3. Prime Aire, Inc. Construction $344,044 7625 Hayvenhurst Ave Van Nuys, CA 91406 Tel: (818) 988-7800 4. Deco Drywall & Plaster, LLC Construction $331,965 130 N Calle Cesar Chavez #2 Santa Barbara, CA 93103 Tel: (805) 563-8901 5. Metal Tech Sheet Metal Co Construction $261,486 17121 S Central Ave Unit 2K Carson, CA 90746 Tel: 310-985-0612 6. James H. Cowan & Associates, Construction $199,666 Inc. 5126 Clareton Drive Ste. 200 Agoura Hills, CA 91301 Tel: 310-292-2900 7. U & M Waterproofing Co. Construction $131,250 20123 Hatteras St. Woodland Hills, CA 91367 Tel: (818) 970-3093 8. American Safety Security, Inc. Security $76,204 21707 Saticoy Street, #12 Canoga Park, CA 91304 Tel: 800-314-5827 63 SPRING LAFAYETTE: Taps Northgate Real Estate as Estate Advisor ----------------------------------------------------------------- 63 Spring Lafayette LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Northgate Real Estate Group, LLC as real estate advisor. The Debtor needs a real estate advisor to sell or work out a resolution on all or any portion of the Debtor's real property and/or air rights pertaining to 63 Spring Street, New York, New York. The firm will receive these commissions: (a) a 3 percent buyer's premium in the case of a sale; (b) 2.5 percent commission if the secured lender closes on a credit bid transaction and 3 percent buyer's premium if an unaffiliated assignee of lender closes; and (c) a flat fee of $300,000, to be paid by the Debtor, in connection with any Resolution other than a sale. Greg Corbin 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: Greg Corbin Northgate Real Estate Group, LLC 1633 Broadway, 46th Floor New York, NY 10019 About 63 Spring Lafayette 63 Spring Lafayette, LLC is a single-asset real estate company that owns a mixed-use property at 63 Spring Street in New York, New York, comprising residential and commercial space. 63 Spring Lafayette filed Chapter 11 petition (Bankr. D.N.J. Case No. 26-12619) on March 10, 2026, with between $10 million and $50 million in both assets and liabilities. Judge Christine M. Gravelle oversees the case. Eric H. Horn, Esq., at A.Y. Strauss, LLC, is the Debtor's counsel. 826 CAPITAL: Seeks Chapter 11 Bankruptcy in Florida --------------------------------------------------- On July 17, 2026, 826 Capital Holdings LLC filed for Chapter 11 Small Business protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports between $50 million and $100 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 25, 2026 at 12:00 PM by TELEPHONE. Court sets September 25, 2026 deadline for filing Proofs of Claims. About 826 Capital Holdings LLC 826 Capital Holdings LLC is a Miami, Florida-based investment holding company. The company serves as a holding entity for investment assets and, as of mid-2026, its principal asset is a luxury condominium at 1000 Biscayne Boulevard in Miami. Formerly known as Hospitality Acquisition Corp. LLC, the company was established to pursue investments in the gaming and hospitality industries. 826 Capital Holdings LLC sought relief under Chapter 11, Subchapter V of the U.S. Bankruptcy Code (Bankr. Case No. 26-19356) on July 17, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $50 million to $100 million. The Debtor is represented by Ariel Sagre, Esq. 97 & 99 PROSPECT: Seeks to Hire Visionary Real Estate as Broker --------------------------------------------------------------- 97 & 99 Prospect, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to employ Visionary Real Estate as real estate broker. The Debtor needs an agent to market, list and sale its properties located at 97 Prospect Ave, Buffalo, New York and/or 99 Prospect Ave., Buffalo, New York. The firm will receive a commission of 5 percent of the properties' sale price. The firm represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged for the Debtor. The firm can be reached at: Visionary Real Estate 633 E. Ray Rd., Suite 118 Gilbert, AZ 85296 Telephone: (480) 332-9099 About 97 & 99 Prospect LLC 97 & 99 Prospect is a privately owned real estate business based in Buffalo, New York. Its business involves identifying property owners facing time-sensitive situations and connecting them with buyers or investors capable of completing transactions outside the traditional real estate listing process. 97 & 99 Prospect filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-10658) on May 22, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Mark Schlant, Esq., at Zdarsky, Sawicki & Agostinelli, LLP serves as Subchapter V trustee for the Debtor. Judge Carl L. Bucki presides over the case. Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese & Weishaar, P.C. represents the Debtor as legal counsel. A-V VILLAGE: Gets Interim OK to Use Cash Collateral --------------------------------------------------- A-V Village Creek Owner, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, 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 from July 16 until entry of a final order. The Debtor said it needs immediate access to cash collateral as it has no alternative source of operating funds. CREO QRS VC, LLC, the secured lender, asserts liens on the Debtor's cash and accounts, making those funds cash collateral that cannot be used without either the lender's consent or court approval. To adequately protect the lender's interests, the lender will receive replacement liens on its pre-petition collateral, a priority administrative claim, and a monthly payment of $77,995. Additional safeguards include insurance coverage on the lender's pre-petition collateral, regular financial reporting, and payment of post-petition taxes. CREO may seek additional or alternative protection without prejudice to any objection of the Debtor or any other party in interest The order is available at http://bankrupt.com/misc/A-VVillage_ICCOrder22.pdf The court will hold a final hearing on August 5. About A-V Village Creek Owner LLC A-V Village Creek Owner, LLC owns a multifamily apartment community located at 6630 South Zunis Avenue in Tulsa, Oklahoma. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-32922) on July 2, 2026. In the petition signed by Marc Kulick, authorized signer, the Debtor disclosed up to $50 million in both assets and liabilities. Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor as legal counsel. ABUELO'S INT'L: Unsecureds to Recover 10% via Quarterly Payments ---------------------------------------------------------------- Abuelo's International LP and its affiliates filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement describing Amended Joint Plan of Reorganization dated July 10, 2026. Food Concepts International Holdings, Inc. ("FCIH") is the sole member of the general partner of Food Concepts International, L.P., a Texas limited partnership ("FCI"). FCI is the 99.99% limited partner of the Abuelo's International, L.P., a Texas limited partnership ("ABI"). The Debtors own and operate a chain of full-service, casual dining Mexican restaurants serving made-from-scratch Mexican food. The Debtors' first restaurant opened in 1989, and as of the Petition Date, they operated a total of 19 restaurants located in 7 states throughout the nation. The Debtors' operations have been impacted by a significant drop in sales, rising food and labor costs, continued staffing challenges, and changes in consumer preferences. The Debtors began seeing headwinds in 2023 as inflation persisted and consumer willingness to spend on discretionary items, such as dining out, remained low. In 2023, the Debtors experience a reduction in store traffic of 5.9% from 2022. Additionally, as a result of rampant inflation, the Debtors were battling labor shortages and increased wage pressure. To combat the drop in sales and profitability experienced through 2023 and 2024, the Debtors' reduced corporate overhead costs, and have closed certain low performing stores. The Debtors began to see some improved operating results during 2025 following the closure of low performing stores. Nevertheless, the Debtors still faced significant distress in its cash position. As of the Petition Date, the Debtors had cash deposits, payment facilitator deposits, and credit card receivables totaling approximately $484,665, and inventory with a value of approximately $643,536. The cash reserves, together with accounts receivable and inventory, constitute the ("Cash Collateral") of the Debtors' major secured lender, FBT. In general, the Plan provides for the continued operations of a core group of restaurants totaling 13 locations. The Debtors have identified these locations as being sufficiently profitable to support the payments proposed in the Plan. In sum, the Plan provides Holders of Claims a clear payment schedule. Class 6 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed General Unsecured Claim, each such Holder shall receive its pro rata share of the General Unsecured Creditor Distribution payable over 20 equal quarterly installments without interest on such Allowed General Unsecured Claims after the Plan Effective Date. The initial General Unsecured Creditor Distribution shall be made on the last day of the first full quarter following the Plan Effective Date. Class 6 is impaired. This Class will receive a distribution of 10% of their allowed claims. Class 7 consists of Convenience Class Claims. All Holders of Convenience Class Claims shall receive in full and final satisfaction, settlement, release, and discharge of and in exchange for each Convenience Class Claim, 20% of their Allowed Claim amount which shall be paid within 90 days following the Effective Date. Class 8 consists of Equity Interest Holders of the Debtors. Holders of Interests in FCIH shall receive nothing under this Plan on account of their existing Interests in FCIH and such Interests shall be cancelled on the Effective Date. Holders of Interests in FCIH shall be offered the right to participate in the equity rights offering described in Article V.B. of the Plan. Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Plan Effective Date, the provisions of the Plan shall constitute a good faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan. The Reorganized Debtors shall make use of a combination of its business income during the Plan Period and capital created by conversion of the DIP Loan to equity in the Reorganized Debtors to make all payments required by the Plan. The Reorganized Debtors shall continue to exist after the Plan Effective Date as Entities with all the powers of corporations pursuant to the applicable law in the State in which the Debtors are formed. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=lgocwi from PacerMonitor.com at no charge. Counsel to the Debtors: ROCHELLE MCCULLOUGH, LLP Joseph F. Postnikoff, Esq. 300 Throckmorton, Suite 520 Fort Worth, TX 76102 Telephone: 817.347.5261 Facsimile: 817.347.5269 Email: jpostnkoff@romclaw.com And Curt Hochbein, Esq. 211 North Pennsylvania Street, Suite 1330 Indianapolis, IN 46204 Telephone: 317.608.1137 Facsimile: 888.467.5979 Email: chochbein@romclaw.com And J. Mark Chevallier, Esq. Michael Pipkin, Esq. 901 Main Street, Suite 3200 Dallas, TX 75202 Telephone: 214.953.0182 Facsimile: 888.467.5979 E-mail: mchevallier@romclaw.com E-mail: mpipkin@romclaw.com About Abuelo's International L.P. Abuelo's International, L.P., operates the Abuelo's Mexican Restaurant locations, managing day-to-day restaurant operations, customer service, and loyalty programs across the U.S. Food Concepts International, L.P., headquartered in Lubbock, Texas, owns and oversees the brand, providing management, strategic direction, employee training, and menu development. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43339) on September 2, 2025. In the petition signed by Robert L. Lin, President of ABI GP, LLC, the general partner of Abuelo's International, L.P., and as President of FC GPH, LLC LP, the general partner of Food Concepts International, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Edward L. Morris oversees the case. Joseph F. Postnikoff, Esq., at Rochelle McCullough, LLP, is the Debtor's legal counsel. ACTUATE THERAPEUTICS: Gets Nasdaq MVLS Deficiency Notice -------------------------------------------------------- Actuate Therapeutics, Inc. received a Nasdaq deficiency notice after its market value of listed securities remained below the $50 million minimum required for continued listing on the Nasdaq Global Market. The notice has no immediate effect on the company's common stock, which continues to trade under the symbol ACTU. The company has until Jan. 11, 2027, to regain compliance. Actuate may regain compliance if its market value of listed securities closes at $50 million or more for at least 10 consecutive business days during the 180-day compliance period. If the company does not regain compliance by the deadline, Nasdaq will issue a delisting notice that Actuate may appeal. The company said it also would consider applying to transfer its listing to the Nasdaq Capital Market. About Actuate Therapeutics, Inc. Actuate Therapeutics, Inc., based in Fort Worth, Texas, is a clinical-stage biopharmaceutical company developing cancer therapies that inhibit glycogen synthase kinase-3. Its lead drug candidate, elraglusib, is being developed in injectable and oral forms, with programs focused on metastatic pancreatic ductal adenocarcinoma, Ewing sarcoma, neuroblastoma and other difficult-to-treat cancers. The company has treated more than 500 patients with injectable elraglusib in Phase 1 and Phase 2 studies. On March 26, 2026, Crowe LLP included substantial-doubt language in its audit report, citing recurring operating losses, negative operating cash flows, the absence of revenue since inception, a $154.61 million accumulated deficit as of Dec. 31, 2025, and dependence on raising capital. Crowe has served as Actuate Therapeutics' auditor since 2024. As of March 31, 2026, Actuate Therapeutics had total assets of $8.91 million, total liabilities of $5.13 million and total stockholders' equity of $3.78 million. ADVANTAGE SCI: Unsecureds Will Get 100% of Claims in Plan --------------------------------------------------------- Advantage SCI, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Virginia a Disclosure Statement describing Plan of Reorganization dated July 9, 2026. The Debtor is a California limited liability company with its corporate headquarters located in Alexandria, Virginia as of the commencement of this Chapter 11 Case. The Debtor has since relocated its corporate headquarters to San Antonio, Texas. The Debtor is a Service Disabled Veteran-Owned Small Business, Small Disadvantaged Business, Woman-Owned Small Business, and professional services government contractor business, formed in 2000 by Elsa Lee upon her retirement after twenty years as a United States Army counterintelligence special agent. As of the Petition Date, Ms. Lee is the sole member and officer of the Debtor. In the past three years, the Debtor's annual revenue plummeted from approximately $25 million to approximately $3 million. This decline is attributed to the loss of contracts, challenging market conditions, and significant financial burdens related to collective bargaining agreements, as well as costs associated with union-related fees and expenses. Additionally, the impact of COVID-19 affected the timing of government payments to the Debtor of certain closeout invoices. Compounding these issues was the 2025 government shutdown and certain unfounded employee lawsuits being filed against the Debtor during this difficult period. This Chapter 11 Case was filed for the purpose of allowing the Debtor to complete its contracts, collect funds due and owing on account of its contracts, pursue collection of the ERCs, and ultimately wind down its operations and repay outstanding debts without the burden of ongoing litigation costs, expenses related to its prepetition, unnecessary real property lease, and other burdensome obligations. The Debtor believes that the Plan will allow it to reorganize, complete its customer contracts, which, the Debtor estimates, will continue for up to 36 months, pursue collection of the ERCs, and make distributions to Holders of Allowed Claims and Interests. The Plan will result in creditors receiving a recovery on equal or more favorable terms than if the Debtor’s assets were liquidated under chapter 7 of the Bankruptcy Code and distributed in accordance with the statutory scheme of priorities contained in the Bankruptcy Code, and a recovery by Holders of Interests in the Debtor. Class 4 consists of General Unsecured Claims. In full and complete satisfaction, discharge, and release of the Class 4 Claims, following the payment in full of all Allowed Administrative Expense Claims, including Professional Fee Claims, Allowed DIP Claims, Allowed Priority Claims, Allowed Priority Tax Claims, Allowed Class 1 Claims, Allowed Class 2 Claims, and Allowed Class 3 Claims, the Holders of Allowed Class 4 Claims shall receive one hundred percent of their Allowed Claims, plus interest at the legal rate. The Distribution to Holders of Allowed Class 4 Claims shall be made by one or more Distributions pursuant to Article VI of the Plan. For the avoidance of doubt, the Holders of Allowed Class 4 shall share in the ERC Recovery Distribution. In the event that 1861 Acquisition's interest in the 1861 Acquisition ERC is recharacterized as a loan and is found not to be a sale and purchase, and the amount ultimately paid by the IRS to the Debtor on account of the 1861 Acquisition ERC is less than the amount of the 1861 Acquisition Contingent Claim, then the portion of the 1861 Acquisition Contingent Claim representing the unpaid deficiency shall be an General Unsecured Claim, shall be included in Class 4, and the Holders of Allowed Class 4 Claims shall receive their Pro Rata share of Cash allocable to Class 4 in the event that the Cash at hand is insufficient to satisfy Class 4 Claims in full. Class 5 consists of ERC Contingent General Unsecured Claims. In full and complete satisfaction, discharge, and release of the Class 5 Claims, upon the IRS's payment to the Debtor of the Debtor ERC, following the payment in full of all Allowed Administrative Expense Claims, including Professional Fee Claims, Allowed DIP Claims, Allowed Priority Claims, Allowed Priority Tax Claims, Allowed Class 1 Claims, Allowed Class 2 Claims, and Allowed Class 3 Claims, the Holders of the Allowed Class 5 Claims shall receive one hundred percent of their Allowed Claims, plus interest at the legal rate. For the avoidance of doubt, the Holders of Allowed Class 5 Claims shall only be entitled to a distribution from the ERC Recovery Distribution, which shall be distributed pari passu with the Holders of Allowed Class 4 Claims. In the event that the ERC Recovery Distribution is insufficient to satisfy the Allowed Class 5 Claims in full, then the Holders of Allowed Class 5 Claims shall receive their Pro Rata share of Cash allocable to Class 5. The Holder of the Class 6 Interests shall retain her ownership interests in the Reorganized Debtor; provided however, that until payment in full of all Allowed Administrative Expense Claims, including Professional Fee Claims, Allowed DIP Claims, Allowed Priority Claims, Allowed Priority Tax Claims, Allowed Class 1 Claims, Allowed Class 2 Claims, and Allowed Class 3 Claims, Allowed Class 4 Claims, and Allowed Class 5 Claims, the Holder of the Class 6 Interests shall not receive any distribution under the Plan or distribution from the Reorganized Debtor other than her salary that she received during this Chapter 11 Case and her ability to obtain reimbursement of expenses. Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, on the Effective Date, the provisions of the Plan shall constitute a good-faith compromise and settlement of all Claims, Interests, Causes of Action and controversies resolved pursuant to the Plan. The sources for funding of the Plan shall include, but shall not be limited to, receivables from the Debtor's operations and the Debtor ERC. A full-text copy of the Disclosure Statement dated July 9, 2026 is available at https://urlcurt.com/u?l=qCcOJ5 from PacerMonitor.com at no charge. Counsel to the Debtor: Stephen B. Gerald, Esq. Richard L. Costella, Esq. Megan K. Young, Esq. Tydings & Rosenberg LLP 1 East Pratt Street, Suite 901 Baltimore, MD 21202 Telephone: (410) 752-9700 E-mail: sgerald@tydings.com About Advantage SCI Advantage SCI, LLC, provides counterintelligence, intelligence, security, linguist, logistics, and program support services to U.S. government agencies, supporting national security and defense operations domestically and overseas. Advantage SCI, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10232) on Jan. 30, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Elsa Lee as chief executive officer. Stephen B. Gerald, Esq. at TYDINGS ROSENBERG LLP represents the Debtor as counsel. AFC ACQUISITION: Seeks Approval to Tap Baca & Howard as Accountant ------------------------------------------------------------------ AFC Acquisition Corporation seeks approval from the U.S. Bankruptcy Court for the District of New Mexico to employ Baca & Howard, PC as accountant. The firm will render these services: (a) prepare the federal income tax return and any required state income tax returns for the 2025 tax year; (b) offer such tax and accounting advice and consultation as may be required from time to time; and (c) work directly with the Debtor, its attorneys, or anyone else as you may specifically authorize on business income tax planning. The firm will be paid at a rate of $225 per hour for accounting and financial statement preparation and $240 to $550 per hour for consultation. The firm also requested a retainer of $10,000. Adam Baca, CPA at Baca & Howard, 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: Adam Baca, CPA Baca & Howard, PC 2155 Louisiana Blvd. NE, Suite 7000 Albuquerque, NM 87110 Telephone: (505) 200-3800 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. AI ERA CORP: Posts $4.3MM Q3 Net Loss, Going Concern Doubt Persists ------------------------------------------------------------------- AI Era Corp. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for quarterly period ended May 31, 2026, reporting a net loss of $4,328,997 for the three months ended May 31, 2026, compared to a net loss of $125,244 for the three months ended May 31, 2025. For the nine months ended May 31, 2026, the Company incurred a net loss of $1,728,819, compared to a net income of $39,651 for the nine months ended May 31, 2025. Total revenue for the three months ended May 31, 2026, was $1,501,839, compared to $1,845,189 for the three months ended May 31, 2025. Total revenue for the nine months ended May 31, 2026, was $7,168,497, compared to $3,530,082 for the nine months ended May 31, 2025. Liquidity and Capital Resources As of May 31, 2026, the Company had $576,957 in current assets consisting of cash, prepaid expenses, and accounts receivable and total current liabilities of $7,483,645, resulting in a working capital deficit of $6,906,688, compared to a working capital deficit of $3,250,026 as of Aug. 31, 2025. Operating activities generated $1,025,009 in cash for the nine months ended May 31, 2026, compared to $3,876,764 used in cash for the nine months ended May 31, 2025. The positive operating cash flow for the nine months ended May 31, 2026 was mainly the result of cash generated in net loss combined with the amortization of intangible assets, salaries and consulting fees paid in stock, loss on change in fair value of warrant liabilities and increase in deferred revenue, offset by cash used in the purchase of intangible assets and increase in accounts receivable and gain on change in fair value of derivative liabilities. Financing activities used $922,864 for the nine months ended May 31, 2026, compared to $3,907,850 provided in financing activities for the nine months ended May 31, 2025. The negative financing cash flow for the nine months ended May 31, 2026, was due to the repayment of related-party loans, partly offset by proceeds from a private placement and net proceeds from the issuance of a convertible note. The Company did not have any investing activities during the nine months ended May 31, 2026. Going Concern As of May 31, 2026, the Company had limited cash, a loss from operations of approximately $1.3 million, an accumulated deficit of approximately $12.1 million, and a working capital deficit of approximately $6.9 million. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon continued financial support from its stockholders or external financing and achieving operating profits. Management's plans to address these conditions include: (i) continued utilization of the $30 million equity purchase agreement entered into with Monroe Street Capital Partners, LP on February 21, 2026; (ii) expected cash flows from expanded licensing of short-form drama content for AI training and the uFilm SaaS platform; (iii) additional private placements and convertible note financings; (iv) ongoing financial support from the President; (v) pursuit of a direct listing on NYSE American supported by the Craft Capital advisory engagement entered into on April 18, 2026; and (vi) strategic advisory services from the newly appointed Vice Chairman effective June 12, 2026. These actions are expected to provide sufficient liquidity to fund operations for at least the next 12 months. However, there can be no assurance that these plans will be successful or, if required, will be available on favorable terms or at all. A full-text copy of the Company's Quarterly Report is available at https://tinyurl.com/msnsuf37 About AI Era Corp. AI Era Corp. (formerly AB International Group Corp.) is an intellectual property investment, acquisition, and licensing company focused primarily on the entertainment media sector. The Company acquires copyrights and broadcast rights for movies, television series, and short-form drama series, which it monetizes through licensing (broadcast and download), embedded marketing services, AI-enhanced consulting, and direct copyright sales. In addition, the Company operates the Mt. Kisco Theatre in Mount Kisco, New York, generating revenue from ticket admissions, concessions, and on-screen advertising. As of Feb. 28, 2026, the Company had limited cash, an accumulated deficit of approximately $7.8 million and a working capital deficit of approximately $1.6 million. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing and achieving operating profits. ALACHUA GOVERNMENT: Group Wants Ch. 15 Property Rule Axed --------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that a panel of bankruptcy experts is urging lawmakers to eliminate the requirement that foreign debtors maintain property in the United States before seeking recognition of foreign insolvency proceedings under Chapter 15. According to the group, the requirement was never meant to serve as a substantive gateway to cross-border bankruptcy relief. The experts said the current rule often forces debtors to create minimal U.S. assets merely to satisfy a technical jurisdictional requirement, even when their restructuring has significant international implications. They argue the practice creates needless complexity while providing little practical benefit to creditors or the courts. The proposal forms part of a broader review of Chapter 15 aimed at improving the efficiency of cross-border restructurings. The suggested revisions would remove procedural barriers and strengthen cooperation between U.S. bankruptcy courts and foreign insolvency tribunals, the report relays. About Alachua Government Services Inc. Alachua Government Services, Inc. is a pharmaceutical and medicine manufacturing company formerly known as Ology Bioservices. Based in Alachua, Florida, Alachua operates in the pharmaceutical manufacturing sector. Alachua sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11289) on July 6, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Judge J. Kate Stickles oversees the case. Richards, Layton & Finger, P.A. is Debtor's legal counsel. ALKEGEN: Enters RSA, Sets Prepackaged Ch. 11 to Reduce $3.1B Debt ----------------------------------------------------------------- Alkegen, a leading specialty materials manufacturer, announced on July 20, 2026, that it has entered into a Restructuring Support Agreement with a supermajority of its key financial partners that will significantly reduce the Company's debt, strengthen its balance sheet, and position it for future growth. Under the terms of the RSA, Alkegen has secured $315 million of new capital to support operations during the restructuring process and expects to eliminate approximately $3.1 billion of total debt. By proactively managing its capital structure, Alkegen expects to emerge with a significantly stronger balance sheet and approximately $200 million in available liquidity. Once implemented, the restructuring transactions outlined in the RSA will position Alkegen to invest in its long-term growth initiatives and continue to provide market-leading high-quality products, with approximately $70 million in capital improvements underway for 2026, and an additional approximately $300 million anticipated through 2030. The restructuring transactions are expected to be implemented through expedited prepackaged chapter 11 cases, which are anticipated to be filed in the United States Bankruptcy Court for the Northern District of Texas in the coming days. In advance of the filing, Alkegen launched a solicitation process to begin formally recording votes on its prepackaged plan of reorganization and will complete solicitation during the chapter 11 cases. "Today's announcement marks an important step in strengthening Alkegen's financial foundation for the future," said Brian Whittman, Chief Executive Officer of Alkegen. "This agreement has the overwhelming support of our financial partners, underscoring their confidence in our business and the critical role we play in the specialty materials industry. With a substantially stronger balance sheet and greater financial flexibility, Alkegen will be well-positioned to invest in innovation, support our customers, and execute ongoing strategic initiatives that will drive future growth. We are grateful to our employees for their continued dedication and to our customers, suppliers, and partners for their ongoing support." The RSA is the result of collaborative discussions with the Company's key financial stakeholders and reflects their confidence in Alkegen's business, differentiated product portfolio, and long-term potential. Upon completion of the restructuring process, Alkegen will be owned by a group of leading institutional investors. Alkegen expects to complete the court-supervised process efficiently, in approximately 60 days. The Company will continue operating in the ordinary course throughout the restructuring process, with no anticipated disruption for employees, customers, suppliers, or business partners across global operations. All holders of non-debt general unsecured claims, including trade creditors, vendors, and suppliers, are unimpaired under the chapter 11 plan. Additional information regarding the Company's restructuring process is available at http://www.alkegen.com/financial-restructuring/.Stakeholders with questions can contact the Company's solicitation agent, Kroll, at (888) 349-3237 (US and Canada toll free) and +1 (332) 230-1843 (International), or AlkegenInfo@ra.kroll.com. Advisors Kirkland & Ellis LLP and Gray Reed are serving as legal counsel, Alvarez & Marsal is serving as financial advisor, Centerview Partners LLC is serving as investment banker, and C Street Advisory Group is serving as strategic communications advisor to the Company. Davis Polk & Wardwell LLP and PJT Partners are serving as advisors to the ad hoc group of lenders. About Alkegen Alkegen -- http://www.alkegen.com-- is a global leader in manufacturing high-performance fibrous materials, including refractory ceramic fiber, polycrystalline wool, aerogel composite and micro-fine glass, that are engineered into blankets, felts, papers, boards, complex shapes, and mats. Its products are used across steel and aluminum manufacturing, petrochemical refining, glass production, mineral processing, automotive emission control, electric vehicle and other battery safety, commercial building fire protection, aerospace insulation, advanced filtration, and other industries and applications. Alkegen leverages deep materials engineering expertise and high-specification manufacturing to deliver customized, mission-critical solutions that help the world breathe easier, live greener, and go further than ever before. Headquartered in Irving, Texas, the Company employs approximately 3,900 people across 23 countries and operates approximately 50 fully integrated global manufacturing facilities. ALL THINGS PRETTY: Samuel Dawidowicz Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Region 2 appointed Samuel Dawidowicz as Subchapter V trustee for All Things Pretty & Positive, LLC. Mr. Dawidowicz will be paid an hourly fee of $595 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Dawidowicz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Samuel Dawidowicz 215 East 68th Street New York, NY 10065 Phone: (917) 679-0382 About All Things Pretty & Positive LLC All Things Pretty & Positive, LLC is a Brooklyn, New York-based real estate investment company operating as a single-asset real estate business. The company is focused on managing and preserving its primary real estate asset while restructuring its financial obligations. Court records indicate the Chapter 11 filing follows ongoing foreclosure proceedings involving its Brooklyn property. All Things Pretty & Positive filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43389) on July 13, 2026. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $500,000 and $1 million. Judge Jil Mazer-Marino oversees the case. ALUGLASS LLC: Seeks Chapter 11 Bankruptcy in Puerto Rico -------------------------------------------------------- On July 17, 2026, Aluglass LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Puerto Rico, Ponce Division. According to court filings, the Debtor reports between $0 and $50,000 in liabilities owed to 1 to 49 creditors. Chapter 11 Plan Filing and Disclosure Statement Deadline Set for November 16, 2026 About Aluglass LLC Aluglass LLC is a Ponce, Puerto Rico-based manufacturer of metal windows and doors. The company operates a manufacturing facility at the Port of Ponce under a lease extending through 2028 and established its primary production site at Carr. 2 Km. 224.5 in Ponce in early 2023 to expand its regional manufacturing operations. Aluglass LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03312) on July 17, 2026. In its petition, the Debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $0 to $50,000. The case is pending before the U.S. Bankruptcy Court for the District of Puerto Rico, Ponce Division. The Honorable Bankruptcy Judge handles the case. The Debtor's counsel was not identified in the available court records. AMBIPAR EMERGENCY: Chapter 15 Case Summary ------------------------------------------ Lead Debtor: Ambipar Emergency Response c/o Services Cayman Limited P.O. Box 10008 Willow House, Cricket Square, Grand Cayman, KY1-1001 Cayman Islands 12345678901234567890123456789012XX56789012345678901234567890123456 Business Description: Ambipar Emergency Response is part of the Brazil-based Ambipar Group, founded in 1995. The group provides waste management, recycling, logistics, transportation, environmental consulting, industrial field, training, and emergency response services, including the handling and processing of residues and recyclable materials. Its Response operations include emergency command centers serving incidents such as wildfires and oil spills. The group operates from more than 600 locations in 41 countries, while Ambipar Response maintains its U.S. headquarters in Houston, Texas. Chapter 15 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Southern District of Texas Five affiliates that concurrently filed voluntary petitions for relief under Chapter 15 of the Bankruptcy Code: Debtor Case No. ------ -------- Ambipar Emergency Response (Lead Case) 26-90709 Ambipar Participacoes e Empreendimentos S.A. 26-90710 Ambipar Lux S.a r.l. 26-90711 Environmental ESG Participacoes S.A. 26-90712 Emergencia Participacoes S.A. 26-90713 Judge: Hon. Alfredo R Perez Foreign Proceeding: Judicial Reorganization proceedings pursuant to Brazilian Federal Law No. 11.101 of February 9, 2005, filed before the Third Business Court of Rio de Janeiro. Foreign Representaive: Thiago da Costa Silva Avenida Pacaembu, no. 1088 Sao Paulo, State of Sao Paulo 01234-0000 Brazil Foreign Representative's Counsel: Jason S. Brookner, Esq. Lydia R. Webb, Esq. GRAY REED 1300 Post Oak Blvd., Suite 2000 Houston, Texas 77056 Tel: (713) 986-7000 Fax: (713) 986-7100 E-mail: jbrookner@grayreed.com lwebb@grayreed.com AND David R. Zylberberg, Esq. Nicholas E. Baker, Esq. Moshe A. Fink, Esq. Rachael L. Foust, Esq. Zachary J. Weiner, Esq. SIMPSON THACHER & BARTLETT LLP 425 Lexington Avenue New York, New York 10017 Tel: 212-455-3702 Fax: 212-455-2502 E-mail: david.zylberberg@stblaw.com nbaker@stblaw.com moshe.fink@stblaw.com rachael.foust@stblaw.com zachary.weiner@stblaw.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Lead Debtor's Chapter 15 is available for free on PacerMonitor at: https://www.pacermonitor.com/view/W5QDNJA/Ambipar_Emergency_Response__txsbke-26-90709__0001.0.pdf?mcid=tGE4TAMA AMERICAN HEALTH: To Employ Richard D. Tuschman as Counsel --------------------------------------------------------- American Health Associates Holdings, Inc., et al. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Richard D. Tuschman, Esq. and the law firm of Richard D. Tuschman, P.A. to serve as employment law counsel. The firm will provide these services: (a) provide those services reasonably required to represent Client other than in connection with tax issues; (b) take reasonable steps to keep Client informed of progress and to respond to Client's inquiries; and (c) provide legal advice to the Debtors relating to employment law matters. Mr. Tuschman will receive an hourly rate of $450. The Debtors will reimburse the firm for expenses according to the firm's customary reimbursement policies. Richard D. Tuschman, P.A. is a "disinterested person" qualified to represent the Debtors in these cases, according to court filings. The firm does not represent or hold any interest adverse to the Debtors or to the estate with respect to the matters on which the Firm is to be employed. The firm can be reached at: Richard D. Tuschman, Esq. RICHARD D. TUSCHMAN, P.A. 12555 Orange Dr. Davie, FL 33330 About American Health Associates Holdings Inc. Headquartered in Davie, Florida, American Health Associates Holdings, Inc. provides clinical laboratory services, mobile phlebotomy, mobile imaging and care-at-home diagnostic services for the long-term care market. Founded more than 30 years ago by Debbie Martin, a respiratory therapist, American Health Associates Holdings serves skilled nursing facilities, nursing homes, hospitals and physician offices, and operates 16 full-service reference laboratories nationwide. It serves more than 3,000 long-term care facilities across the U.S. American Health Associates Holdings and 12 affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-14825) on April 17, 2026. In the petition signed by Christopher Martin, president, American Health Associates Holdings disclosed up to $50 million in both assets and liabilities. Judge Scott M. Grossman oversees the cases. The Debtors tapped Bradley S. Shraiberg, Esq., at Shraiberg Page, P.A., as legal counsel; Aurora Management Partners, Inc. as financial advisor; BAS CPA, PLLC as accountant; and Kenneth A. Welt of Trustee Services, Inc. as lead consultant. The U.S. Trustee for Region 21 appointed an official committee of unsecured creditors in the Debtors' cases. The committee is represented by Markowitz, Ringel, Trusty & Hartog, P.A. AMERICAS CARMART: Grant Thornton Raises Going Concern Doubt ----------------------------------------------------------- America's Car-Mart, Inc. filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, with the Securities and Exchange Commission. The audited report contains a going concern warning after the Company failed certain debt covenants following fiscal year-end and continues to evaluate strategic and financing alternatives, including a potential restructuring or bankruptcy filing. The Company reported a net loss of $139.11 million for fiscal 2026, compared with net income of $17.93 million in fiscal 2025. Total revenue declined 7.9% to $1.28 billion from $1.39 billion a year earlier. Going Concern Tulsa, Oklahoma-based Grant Thornton LLP, the Company's independent auditor since 2024, issued a going concern qualification in its report dated July 14, 2026. The auditor stated that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company said that subsequent to April 30, 2026, it failed to comply with the minimum liquidity and minimum collateral coverage ratio covenants under its $300 million senior secured term loan facility governed by a Credit and Guaranty Agreement with Silver Point Finance, LLC, as administrative agent. It also anticipated failing to comply with the requirement to deliver audited financial statements without a going concern qualification. On June 19, 2026, the Company entered into an amendment to the credit agreement providing covenant relief through Sept. 7, 2026, with a possible extension through Nov. 6, 2026, provided specified conditions and milestones are satisfied. During the relief period, the Company must satisfy various milestones and conditions, including maintaining a special committee of independent directors, providing forecasts and reports including a 13-week cash flow budget, advancing its review of financing, recapitalization, restructuring or other strategic alternatives, entering into a support agreement with the administrative agent and requisite lenders, and complying with revised financial covenants, enhanced reporting obligations, and restrictions on certain material actions. If the Company fails to satisfy these conditions or is unable to obtain additional covenant relief, waivers or financing before the relief period expires, lenders could accelerate the outstanding indebtedness, potentially triggering cross-default or cross-acceleration provisions under other financing arrangements. The Company stated it would not have sufficient liquidity to repay the indebtedness if accelerated. The Company also disclosed that it currently does not have a revolving warehouse facility or other financing available to fund the origination of finance receivables, limiting its ability to originate new loans and meet customer demand. A Special Committee of the Board of Directors, assisted by independent financial and legal advisers, is reviewing strategic and financing alternatives intended to address the Company's liquidity and capital structure. The Company said these conditions collectively raise substantial doubt about its ability to continue as a going concern. Management's Plans America's Car-Mart said its ability to continue as a going concern depends on obtaining additional financing and generating sufficient cash flow to meet its obligations. In response, the Company has reduced finance receivable originations, lowered inventory levels, tightened underwriting standards, and, during fiscal 2026, closed 60 dealership locations while reducing associated staffing. Management's plans also include satisfying the milestones required under the June 19 amendment and extending the covenant relief period; completing the Special Committee's review of strategic and financing alternatives, including potential operational and collections-focused initiatives; establishing a new revolving warehouse facility and continuing asset-backed securitization transactions; and obtaining additional capital through equity issuances, debt financing, asset sales, or other financing transactions. The Company cautioned that additional financing may not be available on favorable terms, if at all, and remains subject to market conditions, existing debt restrictions, required lender consents, and other factors beyond its control. Potential outcomes of the strategic review, or failure to satisfy the amendment's conditions, could include a refinancing, recapitalization, restructuring or sale of the Company or its assets, the issuance of additional equity that could materially dilute existing shareholders, or seeking protection under applicable bankruptcy or insolvency laws, any of which could result in a significant or complete loss of value for holders of the Company's common stock. Management concluded that, because these plans have not been fully implemented as of the issuance date of the financial statements, they do not alleviate the substantial doubt about the Company's ability to continue as a going concern within the next 12 months. President and CEO Doug Campbell Commentary: "Our fourth quarter results reflect the actions we took to preserve liquidity, reduce risk, and operate within our capital structure -- and you can see that in our financial performance. The year did not meet our expectations, but this is a liquidity and capital-structure story, not a credit-quality one." "On credit, our charge-off ratio ticked up to 7.5% in the fourth quarter, from 6.9% a year ago. Part of that is simply a smaller book -- with fewer new loans, our finance receivables are about 6.4% smaller than a year ago, and a smaller balance raises the percentage. The rest reflects our customers paying more at the pump for much of the year, along with some disruption from our dealership consolidations -- and we're watching both closely. Underlying credit behavior has been relatively stable, even against those pressures. "With respect to our dealership consolidations, the customer accounts from our closed stores moved to stronger nearby locations, or to a centralized collections team we built for the first time earlier this year -- a way to serve accounts where the nearest store was no longer a practical fit. That was the right call for the business. It was also a hard one for the associates affected, and I don't want that to get lost in the numbers. We've worked to handle it the right way, with severance pay and assistance in helping those associates find their next role. "On June 19, 2026, we amended our credit agreement with our senior secured term loan lenders. The amendment gives us covenant relief and a defined window to complete our previously disclosed review of strategic and financing alternatives. It also sets specific milestones we are required to satisfy and meeting them is central to the path forward. You'll also see a going-concern disclosure in our Form 10-K. It's because we have not yet secured the additional financing or alternative transaction needed to resolve our liquidity constraint. An independent review is underway to assess a wide range of alternatives to get this right for the people who depend on us: our creditors, shareholders, customers, vendors, and associates. "To our customers: our job every day is still to keep you on the road, and that continues without interruption. To our vendors and associates: I know there are a lot of questions right now, and I'm not going to pretend otherwise. It takes what it takes to work through this the right way, and that's where our focus is. To our shareholders: I know this has been a difficult and uncertain period, and you have every right to expect us to work through it with urgency and discipline. That is exactly what this team and this Board are doing. Thank you for staying with us through a hard year. We do not take it for granted." A full-text copy of the annual report is available at https://tinyurl.com/3ycddj59 About America's Car-Mart, Inc America's Car-Mart, Inc., a Texas corporation, is one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America's Car Mart, Inc., an Arkansas corporation, and Colonial Auto Finance, Inc., an Arkansas corporation. The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. As of April 30, 2026, the Company had $1.42 billion in total assets, $970.78 million in total liabilities, $400 thousand in mezzanine equity, and $445.56 million in total stockholders' equity. AMERIGUARD SECURITY: Bush & Associates Raises Going Concern Doubt ----------------------------------------------------------------- Ameriguard Security Services, Inc. filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, with the Securities and Exchange Commission. The audited report contains a warning that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of $487,792 for the year ended Dec. 31, 2025, compared with a net loss of $2.3 million for 2024. Revenue for the years ended Dec. 31, 2025, and 2024, was $23.5 million and $26.4 million, respectively. Going Concern Las Vegas, Nevada-based Bush & Associates CPA LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 26, 2026, attached to the Company's Annual Report, citing that recurring operating losses, negative stockholders' equity, significant current debt obligations, defaults under financing arrangements, adverse legal and regulatory matters, the loss of key government contracts, and the loss of a major transportation contract subsequent to year end raise substantial doubt about the Company's ability to continue as a going concern within one year after June 29, 2026, the date the consolidated financial statements were issued. For the year ended Dec. 31, 2025, the Company incurred a net loss of approximately $500,000, generated a loss from operations of approximately $3.1 million, and used approximately $235,000 of cash in operating activities. As of Dec. 31, 2025, the Company had an accumulated deficit, a stockholders' deficit of approximately $3.5 million, and total notes payable of approximately $6.5 million, of which approximately $4.1 million was classified as current. The Company is highly leveraged and has limited access to additional sources of liquidity. Significant Adverse Events During 2025 and through the filing date of the financial statements, the Company experienced several significant adverse events and conditions, including: * the loss and premature termination of three federal security contracts with the Social Security Administration which historically generated aggregate annual revenues in excess of $14.5 million; * a dispute with the Company's former directors and an associated governance dispute; and * increased operating costs and wage-related compliance matters. Financing Default and Litigation On Feb. 5, 2025, the Company entered into a government receivables-backed line of credit of up to 7.0 million with Legalist, Inc. to fund its operations and repay various high-interest merchant advances and loans. During 2025 and 2026, the Company failed to comply with the terms of this facility, and Legalist declared the Company in default. On March 27, 2026, Legalist Government Receivables Fund, LP, and Legalist SPV III, LP, filed a motion for summary judgment in lieu of complaint in the Supreme Court of New York seeking judgment against the Company, TransportUS, Inc., and the Company's Chief Executive Officer in the amount of approximately $4.1 million plus attorneys' fees, costs and other relief. In addition, as a result of the loss of the Social Security Administration contracts, resulting from the Company's inability to timely fund payroll, the U.S. Department of Labor initiated an investigation into wage and hour compliance under certain federal contracts. In February 2026, the DOL notified the Company that alleged violations of prevailing wage, fringe benefits, and overtime requirements resulted in back wages of approximately $1.3 million, of which approximately $356,000 remains outstanding, for which the DOL has requested payment. The Company has informed the DOL that it does not currently have the ability to pay the full amount and has requested a payment schedule, which has not been finalized as of the issuance date of these financial statements. Wage-and-Hour Litigation The Company is also subject to wage-and-hour litigation, including two PAGA/class action matters involving alleged failures to pay minimum wages, sick pay, meal and rest break penalties, wage statement violations and related claims. One matter involving AmeriGuard Security of California, Inc. was settled in March 2025 for $150,000 with a 10% initial payment and the remaining amount expected to be paid following court approval, which is anticipated in late 2026. A second matter involving TransportUS, Inc. was settled in Feb. 2026 for $150,000, payable eighteen months from the settlement date. Loss of Major Contract Subsequent to year-end, on April 8, 2026, the Company was notified by the Department of Veterans Affairs that the Veterans Affairs Long Beach, California transportation contract, which had been managed by TransportUS, Inc. for approximately 7.5 years and provides annual revenues of approximately $9.0 million, was not renewed in favor of a new contractor. This represents an estimated 58% reduction in total revenues projected for 2026. Management's Plans Management's plans to address these matters include seeking to restructure or refinance existing debt obligations, including the Legalist facility, negotiating payment plans with the DOL and other claimants, continue to pursue equity investors and convertible debt financing, continue to implement cost-reduction initiatives, and seeking to obtain new government and commercial contracts to replace lost revenue. There can be no assurance that these plans will be successfully implemented or will be sufficient to enable the Company to meet its obligations as they become due. If the Company is unable to execute its plans and obtain additional financing on acceptable terms, it may be forced to significantly curtail or cease operations, seek protection under bankruptcy laws, or pursue other strategic alternatives. A full-text copy of the annual report is available at https://tinyurl.com/4sescfpu About Ameriguard Security Services, Inc. Ameriguard Security Services, Inc. engages in providing guard services to governmental, quasi-governmental, and commercial property management sectors. Its guard services, including armed and unarmed uniformed security personnel for access control, mobile patrols, traffic control, security console/system operators, fire safety directors, communication, reception, concierge, and front desk/doorman operations. The Company was formerly known as Health Revenue Assurance Holdings, Inc. and changed its name to Ameriguard Security Services, Inc. in March 2022. Ameriguard Security Services, Inc. was founded in 1982 and is based in Fresno, California. As of Dec. 31, 2025, the Company had $8.2 million in total assets, $11.8 million in total liabilities, and $3.5 million in total shareholders' deficit. AMIREPAIR I INC: Unsecureds Will Get 3% of Claims over 60 Months ---------------------------------------------------------------- Amirepair I, Inc., d/b/a Precision Automotive Paint & Collision, filed with the U.S. Bankruptcy Court for the Eastern District of California a Small Business Plan of Reorganization under Subchapter V dated July 9, 2026. The Debtor operates, and has operated for 33 years, an automotive repair business serving the Lake Isabella, California, community. The Debtor intends to continue operating its repair and collision divisions post-confirmation. The Debtor filed this case to address an unsustainable debt structure caused by high-cost equipment financing, multiple commercial vehicle loans, merchant cash advance obligations, and accumulated tax liabilities. Following the discontinuation of the towing division, the Debtor's financial performance stabilized. The Debtor seeks to reorganize under Subchapter V to preserve ongoing operations, maintain employment for its workers, and provide a fair and equitable distribution to creditors while retaining equity ownership and committing all projected disposable income to Plan payments. Class 8 consists of General Unsecured Claims. General unsecured creditors shall receive pro rata quarterly distributions over sixty months totaling not less than three percent of allowed claims. The Plan will be funded primarily from the continued operation of the Debtor's automotive repair and collision business. Following the discontinuation of the high-cost towing division shortly before the petition date, the Debtor's financial performance stabilized and reflects positive net operating income. The Debtor anticipates that ongoing repair and collision operations will generate revenue to meet the Plan's ongoing obligations. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=D4J1JV from PacerMonitor.com at no charge. Counsel to the Debtor: Lisa Anne Holder, Esq. Lisa Noxon Holder, PC 2601 Kilcarey Ct. Bakersfield, CA 93306 Phone: (661) 205-2385 Email: Lholder@Lnhpc.com About Amirepair I Inc. Amirepair I, Inc., doing business as Precision Automotive Paint & Collision, is a Nevada-based company operating an automotive repair, paint, and collision shop in Lake Isabella, California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-11617) on April 10, 2026. In the petition signed by Ashley Miller, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jennifer E. Niemann oversees the case. Lisa Holder, Esq., at Lisa Noxon Holder, PC, represents the Debtor as legal counsel. AMY ANNE CORPUS: Loses Summary Judgment Bid in Slover, et al. Case ------------------------------------------------------------------ Judge Rene Lastreto II of the U.S. Bankruptcy Court for the Eastern District of California denied the motion for summary judgment filed by Amy Anne Corpus in the adversary proceeding captioned as LESLIE SLOVER, an individual; LILY ORTIZ, an individual, Plaintiffs, v. AMY CORPUS, an individual, dba KALOS SPECIALIZED SERVICES, a California corporation; and DOES 1 through 50, inclusive, Defendants, Adv. Proc. No. 25-01017-B (Bankr. E.D. Cal.). Two former employees of debtor's business seek to have their claims for alleged sexual harassment and personal injury they suffered while working determined to be non-dischargeable under 11 U.S.C. Sec. 523(a)(6) for willful and malicious injury. Debtor owned and operated a business providing care to developmentally disabled adults. One of debtor's clients caused the alleged injuries. Debtor asks for summary judgment urging that she neither caused the injuries, was substantially certain co-plaintiffs would be injured or acted with malice as a matter of law. There are too many factual disputes present for the court to find that summary judgment in favor of the defendant is appropriate. Material disputed issues concerning defendant's knowledge, intent, and awareness as it relates to both co-plaintiffs are numerous. For these reasons, the court denies the motion for summary judgment. A copy of the Court's Memorandum Ruling dated July 17, 2026, is available at https://urlcurt.com/u?l=NCq797 from Pacermonitor.com. Amy Anne Corpus filed for Chapter 11 bankruptcy protection (Bankr. E.D. Cal. Case No. 25-10088) on January 14, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Peter L. Fear, Esq. ANNIE EYELASH: Seeks Approval to Hire Singer & Falk as Accountant ----------------------------------------------------------------- Annie Eyelash & Permanent Make Up Salon Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Singer & Falk, CPAs to serve as accountant. The firm will provide these services: (a) prepare a liquidation analysis and financial projections in support of the plan of reorganization; (b) review the monthly operating reports, including financial statements and accompanying DIP reports; (c) review the existing accounting systems and procedures and establish new systems and procedures, if necessary; (d) review bank reconciliations, cash receipts, cash disbursements, and general ledger; (e) prepare all federal, state, and local income tax returns for the Debtor, if required; (f) assist the Debtor and counsel in the development of a plan of reorganization, if required; (g) appear on behalf of the Debtor at any hearings, if required; and (h) render such other financial assistance or services as may be necessary in this case. Singer & Falk, CPAs shall receive an hourly rate of $300 an hour for all work done by Silverman and $220 an hour for all work performed by other staff members of Singer to be billed in quarter of an hour increments for all accounting services. Singer will also seek reimbursement for all out-of-pocket disbursements from this Court. Singer & Falk, CPAs is a "disinterested person" within the meaning of §§ 101(14) and 327 of the Bankruptcy Code, according to court filings. The firm can be reached at: Jerrold G. Silverman, CPA SINGER & FALK, CPAs 48 South Service Road, Suite 404 Melville, NY 11747 About Annie Eyelash & Permanent Make Up Salon Inc. Annie Eyelash & Permanent Make Up Salon, Inc. is a beauty and cosmetic services company specializing in eyelash and permanent makeup treatments. Annie filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11104) on May 13, 2026, with assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. The case was transferred to the Eastern District of New York and assigned a new case number (Case No. 26-42466) Honorable Bankruptcy Judge David S. Jones handles the case. The Debtor is represented by Kamini Fox, Esq., at Kamini Fox, PLLC. ANTIAGING QUANTUM: Debts Exceed Assets by $0.68M at March 31 ------------------------------------------------------------ Antiaging Quantum Living Inc.'s stockholder's deficit was US$675,871 at March 31, 2026. The stockholder's deficit was US$1.13 million at March 31, 2025. At March 31, 2026, the Company had total assets of US$1.72 million and total liabilities of US$2.4 million. At March 31, 2025, the Company had total assets of US$1.6 million and total liabilities of US$2.7 million. The Company said: "We have not declared any cash dividends on our common stock since our inception and do not anticipate paying any dividends in the foreseeable future. We plan to retain future earnings, if any, for use in our business. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board of Directors deems relevant." As of March 31, 2026, the Company disclosed that 34,275,340 shares of Class A Common Stock were issued and outstanding. No shares of Class B Common Stock, Class C Common Stock, Class D Common Stock or Class E Common Stock were issued and outstanding. During the years ended March 31, 2026 and 2025, the Company generated revenues of $1,034,385 and $817,898, respectively. Of this total, $711,607 (or 68.8%) in FY 2026 and $817,898 (or 100%) in FY 2025 was derived from the Company's historical online platform technical operation support and maintenance services. The increase in revenue was primarily driven by the introduction of new therapy services and health/beauty product sales in FY 2026. As part of a strategic transition during the year, the Company ceased its historical online platform services to focus entirely on therapy services (which generated $141,828 in FY 2026) and proprietary health/beauty products (which generated $180,950 in FY 2026). The Company stated that cost of revenues was $332,262 and $389,381 for the years ended March 31, 2026 and 2025, respectively. Gross profit increased to $702,123 (gross margin of 67.9%) for the year ended March 31, 2026, as compared to gross profit of $428,517 (gross margin of 52.4%) for the year ended March 31, 2025. Gross margin improved from 52.4% to 67.9% primarily because the Company's new therapy services and proprietary products carry higher profit margins compared to the labor-intensive technical operation support and maintenance services the Company provided in FY 2025. The Company incurred operating expenses of $1,537,524 and $1,218,476 for the years ended March 31, 2026, and 2025, respectively. Operating expenses generally consists of rent and facility expenses, wages and salaries, legal and professional fees. The increase in operating expenses was mainly due to the increase in rental and facility costs. As of March 31, 2026, the Company had an accumulated deficit of $2,247,358 and working capital deficit of $459,038, compared to accumulated deficit of $1,409,712 and a working capital of $132,689 as of March 31, 2025. The decrease in the working capital was primarily driven by a $460,000 increase in due to related parties. As of March 31, 2026, the Company disclosed that it held approximately $503,486 in cash and cash equivalents. Its liabilities are primarily funded by shareholder loans and unrelated parties' loans, which do not require immediate repayment. The Company said operations are continuing as usual, and its management is committed to implementing expense control measures in the near term to support liquidity. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern. The Company notes that these adverse conditions are negative financial trends, specifically cash outflow from operating activities, operating losses, accumulated deficit and other adverse key financial ratios. A full-text copy of the Form 10-K is available at https://tinyurl.com/u4vt73y7 About Antiaging Quantum Living Inc. Antiaging Quantum Living Inc., previously known as Achison Inc., is a New York corporation formed in 2014 and currently based in Flushing, New York. The Company's current services focus on website development, maintenance and online business advertisement. APPTECH PAYMENTS: Secures $500K Note Financing From Lord Trust -------------------------------------------------------------- AppTech Payments Corp. said in a regulatory filing with the Securities and Exchange Commission that on July 17, 2026, it entered into a Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust dated Jan. 17, 2025, pursuant to which the Lender agreed to lend the Company $500,000 for short-term working capital and general corporate purposes. The Note bears interest at a rate of 9.0% per annum and matures 90 days from issuance. No payments of principal or interest are required prior to the maturity date. The Company may prepay the Note at any time without premium or penalty, provided accrued interest through the date of payment is also paid. The Note contains customary events of default, including the Company's failure to repay amounts due at maturity, certain bankruptcy or insolvency events, and certain uncured material breaches. Upon an event of default, the lender may declare all outstanding principal and accrued interest immediately due and payable. Related Person Transaction Albert L. Lord, Jr., the Chairman of the Company's Board of Directors, serves as trustee of the Suzanne D. Lord Spousal Estate Reduction Trust, the lender under the Note. Accordingly, the Company considers the transaction to be a related-person transaction under Item 404(a) of Regulation S-K. The Company's Board of Directors approved the transaction in accordance with the Company's related-person transaction policies. A full-text copy of the Promissory Note is available at https://tinyurl.com/4kybczxt About AppTech Payments Corp. Headquartered in Carlsbad, Calif., AppTech Payments Corp. -- www.apptechcorp.com -- provides digital financial services for financial institutions, corporations, small and midsized enterprises, and consumers through the Company's scalable cloud-based platform architecture and infrastructure, coupled with its Specialty Payments development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. San Diego, California-based dbbmckennon, the Company's auditor since 2014, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses from operations and cash used in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $9.14 million in total assets, $8.84 million in total liabilities, and total stockholders' equity of $297 thousand. ASCEND ELEMENTS: Plan Confirmation Hearing Scheduled for August 17 ------------------------------------------------------------------ Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas conditionally approved the adequacy of the Disclosure Statement for the Joint Plan of Liquidation for Ascend Elements, Inc., et al. The Disclosure Statement is conditionally approved as containing adequate information within the meaning of section 1125(a)(1) of the Bankruptcy Code and is subject to final approval of the Court at the Combined Hearing. No further or additional information is necessary or required. The Court shall hold the Combined Hearing on August 17, 2026 at 1:00 p.m. (prevailing Central Time), subject to the Court's availability. The Plan and Disclosure Statement Objection Deadline shall be August 14, 2026, at 4:00 p.m. (prevailing Central Time). A copy of the Court's Order dated July 15, 2026, is available at https://urlcurt.com/u?l=NdgfYc from PacerMonitor.com. About Ascend Elements Ascend Elements is an advanced manufacturing and recycling company dedicated to producing sustainable lithium-ion battery materials. Founded in 2015, the company operates from its headquarters in Westborough, Massachusetts, and serves the growing electric vehicle supply chain. Ascend Elements sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90440) on April 9, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Ryan E. Manns, Esq., of Norton Rose Fulbright US LLP. ASP UNIFRAX: S&P Downgrades ICR to 'CC', Outlook Negative --------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on ASP Unifrax Holdings Inc., which does business as Alkegen, to 'CC' from 'CCC'. Concurrently, S&P also lowered its issue-level rating on the company's superpriority revolving credit facility (RCF) to 'CCC+' from 'B', its issue-level rating on its first-lien debt to 'CC' from 'CCC' and its issue-level rating on its second-lien notes to 'C' from 'CCC-'. S&P's recovery ratings on the debt are unchanged. The negative outlook reflects S&P's expectation for a conventional default upon Alkegen's execution of its Chapter 11 bankruptcy filing. Alkegen announced that it has entered into a restructuring support agreement (RSA) with most of its lenders. It intends to implement the restructuring through a prepackaged Chapter 11 bankruptcy filing. The downgrade follows Alkegen's announcement on July 20, 2026, that it has entered into an RSA with certain lenders to restructure its debt and provide it with additional liquidity. The company expects to implement the RSA through an expedited prepackaged Chapter 11 filing, through which it will eliminate about $3.1 billion of debt and will emerge with about $200 million in liquidity. Alkegen entered into this agreement with creditors who hold most of its outstanding secured term loan debt, and secured notes, including about 99% of first-lien and 58% of second-lien holders. The restructuring remains subject to the completion of all statutory steps required to solicit, file, and confirm the prepackaged Chapter 11 plan. According to the company's disclosures, Alkegen has secured $315 million of new debtor-in-possession (DIP) capital to support operations throughout the court-supervised process, which will likely be completed within 60 days. This restructuring occurs ahead of the expiration of the company's payment-in-kind option on Sept. 30, 2026, after which all its interest payments will be due in cash. The negative outlook reflects S&P's expectation that it will lower its rating on Alkegen if it declares bankruptcy or completes a restructuring that S&P considers distressed and tantamount to a default. ASPIRA INC: Taps Jaime R. Santana as Real Estate Attorney --------------------------------------------------------- Aspira Inc. of Illinois seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Jaime R. Santana, Esq. of Jaime R. Santana, P.C. to serve as special counsel real estate attorney. The firm will provide these services: (a) represent the estate in selling the real estate owned by Aspira Inc. of Illinois commonly known as 2989 N. Milwaukee Ave., Chicago, IL 60618; (b) represent Aspira Inc. of Illinois in connection with the sale of 2989 N. Milwaukee Ave., Chicago, IL 60618; (c) negotiate the real estate sales agreement; (d) deal with title issues; and (e) close the transaction. Subject to court approval, Jaime R. Santana will be paid a flat fee of 0.25% of the real estate sales price or $27,500. Jaime R. Santana, P.C. is a "disinterested person" under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Jaime R. Santana, Esq. LAW OFFICES OF JAIME R. SANTANA, P.C. 7819 W Lawrence Ave. Norridge, IL 60706 Telephone: (708) 697-7723 E-mail: sanslaw60@gmail.com About Aspira Inc. of Illinois Aspira Inc. of Illinois, an Illinois not for Profit Corporation, is a Chicago-based not-for-profit education organization that, founded in 1968, operates charter school and youth-development programs focused on Latino and other underserved students, including ASPIRA Early College High School, a comprehensive early-college high school at 3986 W. Barry Ave. in Chicago. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-09992) on June 14, 2026. In the petition signed by Melissa Batista, interim chief executive officer, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Daniel R. Fine oversees the case. Paul M. Bach, Esq., at Bach Law Offices, Inc. represents the Debtor as bankruptcy counsel. ATHENAHEALTH GROUP: S&P Rates New Senior Secured Notes 'B' ---------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '2' recovery rating to cloud-based ambulatory care software and technology-enabled solutions provider athenahealth Group Inc.'s new senior secured notes due February 2032. The '2' recovery rating indicates its expectation for meaningful (70%-90%; rounded estimate: 70%) recovery for lenders in a hypothetical default. The notes will rank pari passu with the company's existing senior secured term loan. The company plans to use the proceeds from these notes of at least $500 million, along with fungible add-on to its $4.4 billion term loan B due February 2032, to retire the remaining $1.5 billion outstanding on its older term loan maturing 2029 in a leverage-neutral transaction. All S&P's existing ratings on athenahealth Group Inc., including the 'B-' issuer credit rating, are unchanged. Issue Ratings--Recovery Analysis Key analytical factors -- athenahealth's new capital structure comprises a $1 billion revolving credit facility expiring February 2031, new senior secured notes expiring February 2032, a fungible add-on to its amended and extended $4.4 billion term loan B due February 2032, $2.35 billion of unsecured notes expiring February 2030, and $2.36 billion of preferred equity (excl. accrued dividends) -- S&P's simulated default scenario assumes a payment default in 2028 stemming from increased competition, a failure to retain customers, and service disruption. The health care IT (HCIT) solutions market is highly fragmented, with numerous midsize to large competitors, thus the company needs to continue to invest in R&D to remain competitive. -- S&P values the company as a going concern because it believes that, following a payment default, it would likely reorganize rather than liquidate to maximize the value for its creditors. -- S&P applies a 6.5x multiple (consistent with those it uses for its HCIT peers) to its estimated emergence EBITDA of $824 million to estimate gross recovery value of about $5.25 billion. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: $824 million -- EBITDA multiple: 6.5x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $5.09 billion -- Valuation split (obligors/nonobligors): 100%/0% -- Collateral value available to first-lien debt: $5.09 billion -- Total first-lien debt: $6.92 billion --Recovery expectations: 70%-90% (rounded estimate: 70%) -- Excess recovery value available to unsecured debt: $0 -- Total unsecured claims: $4.26 billion --Recovery expectations: 0%-10% (rounded estimate: 0%) Note: All debt amounts include six months of prepetition interest. AURORA FUEL: Plan Confirmation Hearing Scheduled for Aug. 19 ------------------------------------------------------------ The U.S. Bankruptcy Court for the District of Rhode Island will hold a hearing on Aug. 19, 2026 at 11:00 AM before Judge John A. Dorsey, Jr. to confirm the Subchapter V Plan of Reorganization of Aurora Fuel Company, Inc. The deadline for filing written acceptances or rejections to the Plan is Aug. 5, 2026. The deadline for filing written objections to the Plan is Aug. 12, 2026. Aug. 12, 2026 shall be the date by which an equity security holder or creditor whose claim is based on a security, must be the holder of record of the security, in order to be eligible to vote to accept or reject the Plan. In a court filing, the Debtor operates a home heating fuel delivery company at 92 Pond Street, West Warwick, Rhode Island 02893. Under the Plan, secured claims will be reduced to the value of the collateral as set forth herein. The payments to unsecured creditors under the Plan will be funded from operations. The payments to unsecured creditors are equal to the Debtor's projected net disposable income over the course of the Plan as set forth in the budget attached hereto as Exhibit A (the "Budget"). The Plan contemplates that the Debtor will stay in business and return to positive cash flow. Under the Plan: (i) Allowed Secured Claims are paid in full based on the value of the security or as otherwise detailed herein; (ii) Allowed Administrative and Priority Claims are paid in full; (iii) leases are rejected or assumed as set forth herein; and (iv) the Debtor's projected disposable income is submitted to the payment of Allowed General Unsecured Claims over a sixty-month period from the Effective Date of the Plan. Class 3 is comprised of all holders of Allowed General Unsecured Claims against the Debtor. Based upon the Proofs of Claim that have been filed and the Debtor's Schedules, the Debtor estimates that there will be approximately $452,024.00 in Undisputed Class 3 Claims which amount includes the total scheduled, undisputed unsecured general claims, plus the estimated amount of the undisputed under-secured claims against the Debtor. The Debtor estimates the total of disputed Class 3 Claims to be approximately $530,017.00. The estimated total of all Class 3 Claims is approximately $982,041. In full and complete settlement, satisfaction and release of all Allowed, Undisputed Class 3 Claims, each holder of an Allowed Class 3 Claim shall receive its pro rata share of the Debtor's projected net disposable income over the five-year period following the Effective Date. Based on the attached Budget, the Debtor anticipates such amount to be approximately $234,890.00, and therefore projects that the total distribution to Class 3 Claimants will be approximately twenty-four percent of the allowed amount of such claim. The 24% dividend to Class 3 Claims assumes that all allowed, disputed and undisputed claims are allowed as filed or scheduled. To the extent that disputed Class 3 Claims are disallowed, the projected dividend to Allowed Class 3 Claims will increase accordingly. Payments on account of Allowed Class 3 Claims shall be made once annually on March 31st of each year beginning on March 31, 2027 and ending on March 31, 2031. Annual payments on account of Allowed Class 3 Claims are necessary based on Debtor’s seasonal cash flow and shall be paid out of Debtor's cash flow and cash reserves. Class 3 is impaired. The Plan will be funded from the Debtor's future earnings, income and cash flow. Upon the Effective Date, the Debtor is authorized to take all action permitted by law, including, without limitation, to use its cash and other assets for all purposes provided for in the Plan and in its business operations, and to borrow funds and to transfer funds for any legitimate purpose. A full-text copy of the Plan of Reorganization dated July 7, 2026 is available at https://urlcurt.com/u?l=k2s4Pp from PacerMonitor.com at no charge. Counsel to the Debtor: Thomas P. Quinn, Esq. McLaughlinQuinn LLC 148 West River Street, Suite 1E Providence, RI 02904 Telephone: (401) 421-5115 Facsimile: (401) 421-5141 E-mail: tquinn@mclaughlinquinn.com A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=6iLYvK from PacerMonitor.com. About Aurora Fuel Company Aurora Fuel Company, Inc., operates a home heating fuel delivery company at 92 Pond Street, West Warwick, Rhode Island 02893. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Rhode Island Case No. 26-10315) on April 7, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 to $100,000 and liabilities of between $1,000,001 to $10 million. Judge John A Dorsey Jr. oversees the case. McLaughlinQuinn LLC is the Debtor's legal counsel. AUTOWERKS CSTX: Chris Quinn Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 7 appointed Chris Quinn as Subchapter V trustee for Autowerks CSTX, LLC. Mr. Quinn will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Quinn declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Chris Quinn 26414 Cottage Cypress Lane Cypress, TX 77433 Phone: 713-498-8500 Email: chris.quinn2021@outlook.com About Autowerks CSTX LLC Autowerks CSTX, LLC is a family-owned independent automotive service facility established in 1975 and located in College Station, Texas. The company provides scheduled maintenance, diagnostics, oil changes, brake and drivetrain work, climate-control service, alignments, and other vehicle repair services. AutoWerks exclusively services European automobile brands including BMW, Jaguar, Land Rover, Mercedes, MINI, Porsche, Rolls-Royce, and Volvo. Autowerks CSTX filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 26-35062) on July 13, 2026, with $81,077 in assets and $2,600,092 in liabilities. William R. Marden, owner, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Robert C. Lane, Esq., at The Lane Law Firm represents the Debtor as bankruptcy counsel. AVALON GLOBOCARE: Rebrands as Change Agents Corp., Symbol to CHGA ----------------------------------------------------------------- Avalon GloboCare Corp., on July 17, 2026, filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to change the name of the Company from "Avalon GloboCare Corp." to "Change Agents Corporation" effective as of July 20. The new corporate identity reflects the Company's transformation from a diversified technology business into an agentic AI software company focused on building intelligent, subscription-based platforms that solve critical business problems and allow consumers to automate content creation. "Change Agents is more than a new name, it represents our vision for the future," said Michael Mathews, Director, Change Agents Corp. "We are building agentic AI software products designed to deliver material revenue increases for small businesses, brands, and content creators. As artificial intelligence transforms how businesses market, engage customers, and compete online, we believe our platforms are well positioned to help customers capitalize on this shift while creating sustainable, recurring revenue and long-term value for our shareholders." The Company's current AI software portfolio is centered around two complementary Software-as-a-Service (SaaS) platforms designed to address large and rapidly expanding market opportunities: * Beacon, expected to launch in late Q3 2026, is an AI Generative Engine Optimization platform that helps businesses optimize their digital presence for AI-powered search engines. As consumers increasingly rely on AI assistants for recommendations rather than using traditional search engines, Beacon is designed to improve AI discoverability, monitor brand visibility across AI platforms, and help businesses capture new customer opportunities in the emerging AI search economy. * Catch-Up, currently in Phase 2 development, is being transformed into a fully autonomous, agentic AI-powered content creation platform. The product is designed for podcasters and social media influencers with very little technical expertise to autonomously generate personalized video content across multiple social media platforms. The platform is being developed in collaboration with Caylent, an Amazon Web Services (AWS) Premier Tier Services Partner. In addition, the Company is actively evaluating additional AI software solutions to expand its technology portfolio, with a particular focus on high-growth sectors including defense, military, security, and other enterprise applications. By leveraging its expertise in AI, the Company aims to deliver innovative solutions that can address mission-critical challenges while creating new long-term commercial opportunities. Pursuant to Delaware General Corporation Law Section 242(d)(1), no stockholder approval was required for the Charter Amendment because it only related to a name change. A copy of the Charter Amendment is available at https://tinyurl.com/bdf5rdrv In connection with the Name Change, the Company's trading symbol for its common stock is expected to commence trading on The Nasdaq Capital Market on July 22, 2026 under the symbol "CHGA". Neither the Name Change, nor the Symbol Change, affects the rights of the Company's stockholders, and no stockholders is required in connection with the Name Change or the Symbol Change. The CUSIP number for the Company's common stock will remain 05344R302. To provide investors with additional insight into the Company's strategic transformation and AI growth initiatives, Michael Mathews, Director, Change Agents Corp., recently participated in an interview, where he discussed Change Agents Corp.'s vision, the Beacon and Catch-Up platforms, and the Company's long-term growth strategy. Investors can watch the full interview here: https://www.youtube.com/watch?v=bmvI-gtW5kE About Change Agents Corp. Avalon GloboCare Corp. (now known as Change Agents Corporation) (Nasdaq: CHGA) is an artificial intelligence software company focused on developing agentic AI applications designed to help small businesses, brands, and content creators increase revenue, improve digital discoverability, and automate content creation. The Company's current portfolio includes Beacon, an AI Search Optimization platform, and Catch-Up, an autonomous AI-powered content creation platform. Through its scalable Software-as-a-Service (SaaS) business model, Change Agents is focused on delivering innovative AI solutions that create measurable customer value while generating recurring subscription revenue and long-term shareholder returns. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $16.24 million in total assets, $4.52 million in total liabilities, and $11.72 million in total stockholders' equity. AVANTGARDE SENIOR: U.S. Trustee Appoints Fay Gordon as PCO ---------------------------------------------------------- Peter Anderson, the U.S. Trustee for Region 17, appointed Fay Gordon, the Long-Term Care Ombudsman for the State of California, as patient care ombudsman for AvantGarde Senior Living and Adelman Tarzana Investments, LLC. The PCO is tasked to perform the duties required under section 333 of the Bankruptcy Code and as set forth in the court's July 10 order. Section 333 directs that a patient care ombudsman be appointed if a debtor is a health care business unless the court finds that the appointment of such ombudsman is not necessary for the protection of patients. To the best of her knowledge, Ms. Gordon has no connections with the Debtors, creditors, any other parties in interest, their respective attorneys and accountants, the U.S. Trustee, and persons employed in the Office of the U.S. Trustee, except as set forth in her verified statement. The ombudsman may be reached at: Fay Gordon, State Long-Term Care Ombudsman California Department of Aging 2880 Gateway Oaks Drive, Suite 200 Sacramento, CA 95833 916-245-1586 About Avantgarde Senior Living Avantgarde Senior Living operates senior housing and assisted living communities in Tarzana, California, offering residential care services for elderly individuals. Adelman Tarzana Investments, LLC owns the real property on which the facility operates and leases such property to Avantgarde. Avantgarde and Adelman sought Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. C.D. Calif. Lead Case No. 26-11397) on June 29, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Martin R. Barash oversees the cases. The Debtors are represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P. AW FARMS: Claims to be Paid from Asset Sale Proceeds ---------------------------------------------------- Aw Farms, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Kentucky a Subchapter V Plan of Reorganization dated July 9, 2026. The Debtor is a privately held Limited Liability Company organized under the laws of the Commonwealth of Kentucky. The company's address is located at 494 Logtown Rd, Argillite KY. On April 4, 2017, Tyler J. Wells and Laura A. Wells, ("Tyler and Laura"), purchased a tract of farmland situated in the city of Argillite located at 441 Logtown Road, in Greenup County Kentucky. ("Tract I"). On August 21, 2020, the pair purchased an additional 10.93-acre tract that is in close proximity to Tract I ("Tract II"). By July 21, 2021, Tract II was conveyed to AW Farms. By June 25, 2025, Peoples Bank filed a foreclosure complaint in Greenup Circuit Court alleging defaults under all loans and seeking foreclosure of its mortgages and enforcement of its security interests (the "Foreclosure Case"). Critchfield Meats, Inc., a former vendor, also asserted a judgment lien against AW Farms, LLC for a judgment entered in July 2025. In an effort to avoid foreclosure and preserve the business, AW Farms through its owners have actively sought sources of capital to satisfy or refinance the indebtedness owed to Peoples Bank. Among other alternatives, the possibility of locating a purchaser for the real estate and operating assets who would lease the property and assets back to AW Farms, thereby allowing the business to continue operating as a going concern was explored. On May 21, 2026, AW Farms published a Facebook post advising customers and supporters of the imminent closure of the business absent a successful restructuring. Following that announcement, Tamara F. Foster, a long-time customer of AW Farms and a Certified Fund-Raising Executive ("CFRE"), contacted AW Farms and offered assistance in raising capital. Ms. Foster has committed to lead fundraising efforts for a yet-to-be-formed entity ("NewCo") that could serve as a stalking-horse bidder in connection with a sale of the company's assets through this chapter 11 case. In connection with these efforts, AW Farms and Roger Wells will be executing, not later than June 1, 2026, a Binding Term Sheet establishing a framework for a proposed sale transaction through this Chapter 11 case. Pursuant to that agreement, Wells is expected to transfer funds by not later than June 3, 2026, NewCo has agreed to serve as a stalking horse bidder, and the parties have established a stalking horse valuation of $750,000.00 for purposes of the sale process. Based upon the $65,000.00 capital commitment from Mr. Roger Wells, Ms. Foster's commitment to lead fundraising efforts, the company's recent operational improvements, and the continued support of its customers and community, AW Farms believes that this chapter 11 case presents a viable path to reorganization and offers a substantially greater recovery to unsecured creditors than would result from a liquidation at a foreclosure sale. Class 4 consists of all nonpriority general unsecured claims against the Debtor, including: (a) the general unsecured claim held by American Express; (b) any claims scheduled in the Debtor's schedules or filed as proofs of claim that are not entitled to priority; and (b) the unsecured portion of any Class 1, Class 2, and Class 3 Claims determined in accordance with Section 506(a) (collectively, the "Class 4 Claims"). Without waiving the right to object to any claim, and solely for purposes of determining the feasibility of this Plan, the Debtor estimates that the aggregate amount of allowed Class 4 Claims will amount to approximately $2,170,588.38, subject to amendment as claims are allowed or disallowed by operation of this Plan, or by a final order of this Court. Holders of allowed Class 4 Claims shall be entitled to: * Quarterly distributions of not less than 0.5% of their allowed claims, in accordance with Section 5.04 below (the "Minimum Distribution"); and * Additional periodic distributions of up to an aggregate of 20% of their allowed claims, which shall be paid over 20 calendar quarters from the Effective Date, with such quarterly amounts not exceeding 1% of any allowed Class 4 Claim. (The "Maximum Distribution"). * Distributions to holders of allowed Class 4 Claims shall be made in accordance with Section 5.04. Class 4 is impaired, and holders of allowed Class 4 Claims are entitled to vote to accept or reject this Plan. As part of the implementation of the Plan, Debtor in possession has elected to establish a disbursement fund, in a separate debtor in possession deposit account, into which any amounts due under the Plan shall be deposited and administered. (the "Disbursement Fund"). On or before the Effective Date, the Debtor shall sell all or substantially all of the assets of the Estate pursuant to Section 363 of the Bankruptcy Code, free and clear of all liens, claims, interests, and encumbrances to the extent authorized by the Sale Order. The sale shall be conducted in accordance with bidding procedures set forth in the Sale Order, and such further orders of the Court. A full-text copy of the Subchapter V Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=kSGlb1 from PacerMonitor.com at no charge. Proposed Attorney for the Debtor: J. Christian A. Dennery, Esq. Dennery, PLLC 7310 Turfway Rd, Suite 550 Florence, KY 41042 Tel: 859-692-3685 Fax: 859-286-6726 E-mail: jcdennery@dennerypllc.com About AW Farms LLC AW Farms, LLC operates a meat-processing facility and retail meat business in Greenup County, Kentucky. AW Farms sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-10034) on Feb. 2, 2026. In the petition signed by Tyler J. Wells, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Douglas L. Lutz oversees the case. J. Christian Dennery, at Dennery, PLLC, represents the Debtor as legal counsel. AZHAR CHAUDHARY: Loses Bid to Dismiss Ali, et al. Adversary Case ---------------------------------------------------------------- Chief Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the Southern District of Texas denied Azhar M. Chaudhary and Azhar Chaudhary Law Firm, PC's motion to dismiss the adversary proceeding captioned as HAMZAH ALI, SANAA MOBAYED, ZAKYA ROSHAN KARMALI, and JENNIFER BALCAZAR MARTINEZ, Plaintiffs, VS. AZHAR CHAUDHARY LAW FIRM, P.C. and AZHAR CHAUDHARY, Defendants, ADVERSARY NO. 26-3036 (Bankr. S.D. Tex.). This adversary proceeding is before the Court as a result of the removal of Cause No. 18-DCV-249370, styled Hamzah Ali, et al. v. Azhar Mahmood Chaudhary ("Chaudhary") and Azhar Chaudhary Law Firm, P.C., ("Chaudhary Law Firm"), (together "Defendants") from the 458th Judicial District Court of Fort Bend County, Texas. On March 6, 2018, Hamzah Ali ("Plaintiff" or "Ali"), filed his original state court petition asserting claims for breach of contract, quantum meruit, breach of fiduciary duty, fraud, negligence, gross negligence, and breach of a settlement agreement. Chaudhary Law Firm removed the action to this Court on February 10, 2026. Ali filed his First Amended Complaint (the "Complaint") on April 21, 2026. On May 4, 2026, Defendants moved to dismiss the Complaint (the "Motion to Dismiss"), pursuant to Federal Rule of Bankruptcy Procedure 7012(b), incorporating Federal Rule of Civil Procedure 12(b)(6), arguing that Ali's claims are barred by the doctrines of res judicata and collateral estoppel based on the final judgment entered in Adversary Proceeding No. 22-03154, Hamzah Ali v. Riverstone Resort, LLC, et al. (the "Riverstone Adversary"). Defendants seek dismissal with prejudice and an award of attorney's fees. Ali opposes the Motion to Dismiss on three independent grounds: (1) the bankruptcy court in the Riverstone Adversary did not render a final judgment on the merits of the claims against Chaudhary and Chaudhary Law Firm, and expressly disclaimed jurisdiction or abstained and reserved those claims for state court; (2) even if the constructive-trust limitations ruling in the Riverstone Adversary were a merits judgment, it cannot bar this earlier-filed, timely state action under Semtek International Inc. v. Lockheed Martin Corp., 531 U.S. 497 (2001); and (3) collateral estoppel fails because the issues are not identical and the prior findings were not essential to the judgment, as the Fifth Circuit has already determined in Matter of Riverstone Resort, L.L.C., 122 F.4th 576 (5th Cir. 2024). The Court finds that the Motion to Dismiss fails on multiple independent grounds, each of which is sufficient to warrant denial. First, res judicata does not apply because the bankruptcy court in the Riverstone Adversary did not render a final judgment on the merits of Ali's claims against Chaudhary and Chaudhary Law Firm. The bankruptcy court expressly abstained from Ali's claims against the non-debtor defendants and reserved those claims for state court. A dismissal for lack of jurisdiction or abstention is not an adjudication on the merits and cannot support claim preclusion. Second, even if the bankruptcy court's statute-of-limitations dismissal of the constructive trust remedy were treated as a merits judgment, it cannot bar this earlier-filed, timely state action under Semtek. The bankruptcy court's limitations ruling addressed the timeliness of a constructive trust remedy first asserted in May 2022 against Riverstone Resort, LLC. That ruling cannot retroactively render untimely the distinct claims Ali asserted against Chaudhary and Chaudhary Law Firm in his March 2018 state court petition. Third, collateral estoppel fails because the issues are not identical. The issue the bankruptcy court decided -- whether a May 2022 constructive trust remedy against Riverstone was time barred -- is not the same as any issues presented in this case. Defendants cannot establish the elements of res judicata or collateral estoppel on the face of the pleadings and judicially noticeable materials. The Motion to Dismiss is therefore denied. A copy of the Court's Memorandum Opinion dated July 21, 2026, is available at https://urlcurt.com/u?l=aeIebn from Pacermonitor.com. About Azhar Chaudhary Law Firm PC Azhar Chaudhary Law Firm, PC is a law firm providing legal services primarily in the representation of parties in civil and commercial litigation. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30895) on February 10, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Eduardo V. Rodriguez presides over the case. David L. Venable, Esq. represents the Debtor as legal counsel. BAYOU CRAFTING: Commences Subchapter V Bankruptcy in Louisiana -------------------------------------------------------------- On July 17, 2026, Bayou Crafting Company commenced a Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Western District of Louisiana. Court records show the company listed between $1 million and $10 million in liabilities and 1 to 49 creditors. A meeting of creditors under Section 341(a)to be held on August 20, 2026 at 02:00 PM at 341 Meeting - Telephone Conference, UST. Call: 888-330-1716, Passcode: 5240151#. Cash Flow Statement Due July 17, 2026; Chapter 11 Subchapter V Small Business Plan Due Oct. 15, 2026 About Bayou Crafting Company Bayou Crafting Company is an arts and crafts retailer headquartered in Lafayette, Louisiana. The business operates a retail showroom offering custom crafting supplies and ready-to-press items while maintaining an inventory exceeding 3,000 products. The company rebranded from Bayou Art Co-Op to its current name during 2024 and 2025. The company filed for protection under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50646) on July 17, 2026. Bankruptcy schedules list estimated assets of $0 to $50,000 and estimated liabilities of $1 million to $10 million. The Honorable John W. Kolwe is presiding over the bankruptcy proceedings. The Debtor is represented by Ryan James Richmond, Esq., of Sternberg, Naccari & White, LLC. BESPOKE AESTHETICS: Seeks to Tap Moecker Auctions as Appraiser -------------------------------------------------------------- Bespoke Aesthetics, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Moecker Auctions, Inc. as appraiser. The firm will perform these services: (a) on-site inspection of the Sciton mJoule System and its associated accessories; (b) detailed photographs of the property; (c) research/analysis; (d) data entry; (e) administrative; and (f) travel. The firm will be paid at an hourly rate of $85 to $200. Eric Rubin, a chief auctioneer at Moecker Auctions, 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: Eric Rubin, GPPA, CES Moecker Auctions, Inc. 1885 Marina Mile Blvd., Suite 103 Fort Lauderdale, FL 33315 Telephone: (954) 252-2887 Facsimile: (954) 252-2791 About Bespoke Aesthetics Inc. Bespoke Aesthetics Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18111) on June 20, 2026. In the petition signed by Cristina Sinacori, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Erik P. Kimball oversees the case. Julianne Frank, Esq., at Julianne Frank PA represents the Debtor as counsel. BETHEL PENTECOSTAL: Case Summary & Nine Unsecured Creditors ----------------------------------------------------------- Debtor: Bethel Pentecostal Tabernacle of the Assemblies of God, Inc. d/b/a DC360 Church 60 I St SW Washington, DC 20024 Business Description: DC360 Church is a Christian congregation based in Washington, DC, that was founded more than a century ago. The church conducts worship services, religious teaching, prayer and discipleship activities, and children's ministry. It also coordinates volunteer teams supporting worship, media, visitor reception, audiovisual operations, and safety functions. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court District of Columbia Case No.: 26-00350 Judge: Hon. Elizabeth L. Gunn Debtor's Counsel: Justin P. Fasano, Esq. MCNAMEE HOSEA, P.A. 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Tel: 301-441-2420 Fax: 301-982-9450 E-mail: jfasano@mhlawyers.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Robert F. Carter as reverend. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KJKA55I/Bethel_Pentecostal_Tabernacle__dcbke-26-00350__0001.0.pdf?mcid=tGE4TAMA BETHEL PENTECOSTAL: Monique Almy Named Subchapter V Trustee ----------------------------------------------------------- Matthew Cheney, the Acting U.S. Trustee for Region 4, appointed Monique Almy, Esq., as Subchapter V trustee for Bethel Pentecostal Tabernacle of the Assemblies of God, Inc. Ms. Almy, a partner at Crowell & Moring, LLP, will be paid an hourly fee of $800 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Almy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Monique D. Almy, Esq. Crowell & Moring, LLP 1001 Pennsylvania Avenue, NW Washington, DC 20004 Phone: (202) 624-2935 malmy@crowell.com About Bethel Pentecostal Tabernacle of the Assemblies of God Bethel Pentecostal Tabernacle of the Assemblies of God, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00350) on July 15, 2026, with $1 million to $10 million in both assets and liabilities. Judge Elizabeth L. Gunn presides over the case. Justin Philip Fasano, Esq., at McNamee Hosea, P.A. represents the Debtor as legal counsel. BIG DIGITAL: Closes Acquisition of Hood County Site with 10NetZero ------------------------------------------------------------------ Big Digital Energy, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 14 and July 15, 2026, it entered into and closed on a series of definitive agreements with 10NetZero, Inc. as joint venture partners, including: (i) the Operating Agreement of Texas Load House, LLC, (ii) a Loan and Security Agreement between the joint venture partners, and (iii) a Side Agreement regarding the Interim Management of Texas Load House, LLC, to establish a joint venture for the acquisition, ownership, and development of certain real property located in Hood County, Texas. Subject to the terms of the Joint Venture Agreements, the Company initially owns a 50% membership interest in the joint venture, and 10NZ initially owns the remaining 50% membership interest. The Company said that on July 15, 2026, the joint venture acquired 30 acres of the Hood County Site from Century Oaks Independence Farms, LLC, for an aggregate purchase price of approximately $10 million in cash, with an option to purchase the remainder of the site for an additional $600,000. As previously disclosed, the Hood County Site consists of a 50-acre site containing over 30,000 square feet of existing structures, which the joint venture intends to repurpose for datacenter use, as well as an administrative office, which will be utilized as the Command Center. The Hood County Site carries 17 MW of operational power and will be expandable up to 111 MW of grid power, subject to validation by the Electric Reliability Council of Texas. On-site are two 12-inch and one 20-inch natural-gas pipelines providing the option to add behind-the-meter generation, supporting a total buildout of up to 300 MW. Century Oaks does not have any material relationship (other than the Hood County Site acquisition) with the Company or any of its affiliates, or any director or officer of the Company, or any associate of any such director or officer. In connection with the acquisition of the Hood County Site, the Company also entered into the Loan and Security Agreement with 10NZ pursuant to which the Company agreed to provide $4.9 million of financing to 10NZ to fund a portion of 10NZ's capital contribution required for the acquisition of the Hood County Site. The JV Loan bears interest at the short-term applicable federal rate in effect on the date the loan is funded, computed on an actual/360-day basis, with accrued interest payable in full at maturity together with principal; matures on Oct. 13, 2026; and is otherwise subject to customary terms and conditions. Under the terms of the Operating Agreement, 10NZ's 50% ownership interest in the Joint Venture is transferable to the Company at a rate of 10% ownership interest per month, pro rated daily, for each month past the maturity date that 10NZ fails to repay the entire JV Loan, so that 10NZ's entire ownership interest shall have transferred in full to the Company if the JV loan is not paid in full within five months of the maturity date. Except for the limited protective approval rights expressly set forth in the Operating Agreement, according to the Side Agreement Regarding Interim Management, the business, affairs, activities, policies, and operations of the joint venture shall be managed exclusively by or under the direction of the Company, as the sole Manager of Texas Load House, LLC, until such time as 10NZ shall have paid the JV Loan in full, at which time 10NZ will assume the role of sole Manager of Texas Load House, LLC. Certain significant actions require the approval of both the Company and 10NZ as members. The Company stated that it intends to file the Joint Venture Agreements as exhibits to its next Quarterly Report on Form 10-Q. About 10NetZero, Inc. 10NetZero, Inc. is a U.S.-based energy-infrastructure company that designs, builds, and operates behind-the-meter power generation and datacenter facilities for energy-intensive computing. Through its Digital Midstream platform, the Company converts stranded, flared, and otherwise wasted natural gas into electricity at the source -- delivering power for artificial intelligence, high-performance computing, and digital asset applications without dependence on traditional pipeline or grid infrastructure. The Company provides full-lifecycle services spanning site evaluation, power systems design, and datacenter operations. About Big Digital Energy Inc. Big Digital Energy, Inc. formerly known as Mawson Infrastructure Group Inc., is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. The Company provides services spanning artificial intelligence, high-performance computing, digital assets (including Bitcoin mining), and other intensive compute applications. The Company delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency. Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred net losses since its inception and had negative working capital and will need additional funding to continue operations. This raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $48.4 million in total assets, $44 million in total liabilities, and $4.3 million in total stockholders' equity. BIG DIGITAL: Registers 375K More Shares Under Equity Incentive Plan ------------------------------------------------------------------- Big Digital Energy, Inc., formerly known as Mawson Infrastructure Group, Inc., filed a Registration Statement on Form S-8 with the Securities and Exchange Commission to register an additional 375,000 shares of the Company's common stock, par value $0.001 per share, issuable under the Company's 2024 Omnibus Equity Incentive Plan. The registration of 250,000 additional shares under the Plan is pursuant to the provision in the Plan which provides for annual automatic increases in the number of shares of Common Stock reserved for issuance under the Plan and reflects the 1-for-20 reverse stock split effective Nov. 20, 2025. In addition, shares of Common Stock delivered (either by actual delivery or attestation) to the Company by a participant that were: (A) subject to forfeited awards, (B) delivered (either by actual delivery or attestation) to the Company by a participant to satisfy the applicable exercise or purchase price of an award, and/or to satisfy any applicable tax withholding obligation or (C) subject to awards denominated in shares but paid or settled in cash, in each case, shall be added to the number of shares of Common Stock available for the grant of awards under the Plan. Therefore, an additional 125,000 shares of Common Stock are being registered hereunder for those purposes. Pursuant to General Instruction E to Form S-8, this Registration Statement incorporates by reference the contents of the Company's effective registration statements on Form S-8 with respect to the Plan filed with the Commission on Feb. 21, 2025 (File No. 333-285147), and June 20, 2024 (File No. 333-280370). The Company may be reached through: Phillip Stanley Chief Executive Officer Big Digital Energy, Inc. 950 Railroad Avenue Midland, Pennsylvania 15059 -- or -- Cam Hoang Dorsey & Whitney LLP 50 South Sixth Street, Suite 1500 Minneapolis, Minnesota Telephone: (612) 340-2600 A full-text copy of the Registration Statement is available at https://tinyurl.com/yc48cbfv About Big Digital Energy Inc. Big Digital Energy, Inc. formerly known as Mawson Infrastructure Group Inc., is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. The Company provides services spanning artificial intelligence, high-performance computing, digital assets (including Bitcoin mining), and other intensive compute applications. The Company delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency. Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred net losses since its inception, and had negative working capital and will need additional funding to continue operations. This raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $48.4 million in total assets, $44 million in total liabilities, and $4.3 million in total stockholders' equity. BIOTRICITY INC: Debts Exceed Assets by $34.7M at March 31 --------------------------------------------------------- Biotricity Inc.'s stockholder's deficit was US$34.7 million at March 31, 2026. The stockholder's deficit was US$32.0 million at March 31, 2025. At March 31, 2026, the Company had total assets of US$6.4 million and total liabilities of US$39.4 million. At March 31, 2025, the Company had total assets of US$5.6 million and total liabilities of US$35.7 million. Biotricity Inc. reported a net loss attributable to common stockholders of $3,128,458 for the year ended March 31, 2026, and stated that, from inception in 2009 through March 31, 2026, it has generated an accumulated deficit of $142,570,243. The Company reported that it "has incurred recurring losses from operations, and as at March 31, 2026, has an accumulated deficit of $142.5 million (2025: $139 million), the Company has a working capital deficit of $31.3 million (2025: $16.0 million)." The Company also stated that it expects to continue to devote significant resources to sales and marketing and research and development costs and to incur additional operating losses. In the Liquidity and Capital Resources section, management stated that it "has previously noted the existence of substantial doubt about our ability to continue as a going concern." The Company further disclosed that its independent registered public accounting firm included an explanatory paragraph in the report on its financial statements as of and for the years ended March 31, 2026, and 2025, respectively, noting the existence of substantial doubt about its ability to continue as a going concern. Biotricity said: "Our existing cash deposits may not be sufficient to fund our operating expenses through at least twelve months from the date of this filing." As of March 31, 2026, Biotricity reported cash and cash equivalents of $149,789. The Company stated that, to continue to fund operations, it "will need to secure additional funding through public or private equity or debt financings, through collaborations or partnerships with other companies or other sources" and that it "may not be able to raise additional capital on terms acceptable to us, or at all." The Company also stated that if it is unable to raise additional funds or if anticipated operating results are not achieved, "planned expenditure may need to be reduced in order to extend the time period that existing resources can fund our operations" and that failure to obtain necessary capital "may have a material adverse effect on our operations and the development of our technology, or we may have to cease operations altogether." Biotricity detailed that during the fiscal year ended March 31, 2026, it "continued to fund its operations through a combination of debt financing arrangements and existing financing facilities." The Company issued $1.395 million of unsecured convertible promissory notes bearing interest at 10.0% to 12.0% with maturities between nine and twenty-four months, made a scheduled principal repayment of $600,000 on its term loan facility with SWK Funding LLC, and reported that "as of March 31, 2026, the outstanding principal balance under the facility was $15.3 million." During fiscal 2026, the Company also redeemed 20 shares of Series B Convertible Preferred Stock and converted 30 shares of Series B Convertible Preferred Stock, together with accrued dividends, into 2,506,020 shares of common stock. Regarding cash flows, Biotricity reported that net cash used in operating activities was $0.72 million for the fiscal year ended March 31, 2026, compared to $2.4 million in the prior fiscal year, and that net cash provided by financing activities was $0.56 million for fiscal 2026 compared to $1.9 million for fiscal 2025. The Company described that, in fiscal 2026, net cash provided by financing activities was "primarily due to a short term loan of $1.4 million, the proceeds of which were used to make a principal payment of $600 thousand towards the Term Loan; the Company used cash to redeem $200 thousand of Series B preferred stock." Biotricity also stated that it "has developed and continues to pursue sources of funding that management believes will be sufficient to support the Company's operating plan and alleviate any substantial doubt as to its ability to meet its obligations for at least a period of one year from the date of these Condensed Consolidated Financial Statements." The Company disclosed that "as we proceed with the commercialization of the Biocore and Biocare products and continue their development, we expect to continue to devote significant resources on capital expenditures, as well as research and development costs and operations, marketing and sales expenditures." Biotricity stated: "Based on the above facts and assumptions, we believe our existing cash, along with anticipated near-term financings, will be sufficient to continue to meet our needs for the next twelve months from the filing date of this report." It further added that it "will need to seek additional debt or equity capital to respond to business opportunities and challenges" and that "there can be no assurance we will be able to raise this additional capital on acceptable terms, or at all; if we are unable to obtain additional funding on a timely basis, we may be required to modify our operating plan and otherwise curtail or slow the pace of development and commercialization of our proposed product lines." A full-text copy of the Form 10-K is available at https://tinyurl.com/3dcb299u About Biotricity Inc. Biotricity Inc. is a medical technology company focused on biometric data monitoring solutions. The Company aims to deliver innovative, remote monitoring solutions to the medical, healthcare, and consumer markets, with a focus on diagnostic and post-diagnostic solutions for lifestyle and chronic illnesses. The Company developed its Bioflux(R) COM technology, which has received clearance from the U.S. Food and Drug Administration, comprised of a monitoring device and software components to assess, establish and develop sales processes and market dynamics. BOKQUA LLC: Colorado Properties Sale to Multiple Buyers OK'd ------------------------------------------------------------ The U.S. Bankruptcy Court for the District of Colorado has granted Bokqua LLC to sell Properties, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Colorado limited liability company that owns and leases real property comprised of single family homes and condominium properties in Colorado. r2 advisors LLC serves as the Chief Restructuring Officer (CRO) of the Debtor and Atlas Real Estate acts as the Debtor's property manager. The Debtor has entered into the following seven contracts for the sale of real property: A. Potomac Circle - 432 Potomac Circle - Lali Zoraima Carreno Ramos and Karla Jerusalem Zarate Carreno for $425,000 B. Mineral Contract - 1836 E. Mineral Avenue - Andrii Untilov and Iryna Untilov for $520,000 C. Ida Contract - 21041 E. Ida Avenue - Heather Mena for $430,000 D. Maple Contract - 25605 E. Maple Place - Brenda Palomares and Ever Moncada for $475,000 E. Danube Contract - 3226 S. Danube Street - Connor Daniel for $425,000 F. Bethany Contract - 8055 E. Bethany Place - ERY Construction, Inc. for $615,000 G. Bellewood Contract - 20785 E. Bellewood Place - Toni Ray, Savoy Ray, Dymon Ray, and Milan Ray for $530,000 The Court has authorized the Debtor to sell the Properties to the buyers. The sale prices are fair and reasonable under the circumstances and the Debtor is authorized to effectuate the transfer of the Sale Properties accordance with the Sale Contracts. The sale of the Sale Properties to the respective buyers shall be free and clear of any and all liens, claims, interests, and encumbrances. The Debtor is authorized to pay the customary closing costs and the secured claims of Genesis and any taxing authorities at closing. About Bokqua LLC Bokqua LLC is a real estate investment company that owns and manages residential properties in the Denver metropolitan area. The Company operates in association with BVRE, a property management firm based in Denver, Colorado. Bokqua LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14846) on July 31, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jeffrey S. Brinen, Esq. at KUTNER BRINEN DICKEY RILEY. BOXLIGHT CORP: MD Ehsan Khan Owns No Shares as of June 30 --------------------------------------------------------- MD Ehsan Khan disclosed in a Schedule 13D (Amendment No. 1) filed with the Securities and Exchange Commission that as of June 30, 2026, he no longer beneficially owns any shares of Boxlight Corp. following the sale of his entire stake in the company. According to the filing, Khan sold all 38,500 shares of Boxlight's Class A common stock through Charles Schwab, reducing his beneficial ownership to zero shares, or no percent of the company's outstanding common stock. The amendment, filed on July 20, 2026, states that its purpose is to report the disposition of all securities previously held by the reporting person. Khan said he has no further plans or proposals with respect to Boxlight. The filing also states that the shares were originally acquired using personal funds. Following the sale, Khan no longer holds any voting or dispositive power over the company's securities and has no contracts, arrangements, understandings, or relationships with respect to Boxlight's securities. MD Ehsan Khan may be reached through: MD Ehsan Khan 133 Morris Pkwy Valley Stream, NY 11580 Tel: (929) 259-2456 A full-text copy of MD Ehsan Khan's SEC report is available at https://tinyurl.com/3d8hsrp7 About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. Atlanta, Georgia-based Cherry Bekaert LLP, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses and negative cash flows from operations, and may be unable to maintain compliance with financial covenants required by its credit agreement that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $90.7 million in total assets, $92.7 million in total liabilities, and $2 million in total stockholders' deficit. BRD LAND: Gets Final OK to Use Cash Collateral ---------------------------------------------- BRD Land & Investment and its affiliated debtors received final approval from the U.S. Bankruptcy Court for the Western District of North Carolina to use cash collateral. The court authorized the Debtors to use cash collateral on a final basis to operate their business and pay ordinary course expenses in accordance with the final budget, which will roll forward monthly based on the September budget. The budget permits the Debtors to continue ordinary business operations and includes carve-outs for professional fees incurred by both the Debtors and the creditors' committee. The Debtors may also exceed budgeted amounts by up to a cumulative 10% variance without obtaining further court approval. In addition, the Debtors must provide detailed weekly financial reports, including cash receipts and disbursements, accounts receivable activity, and cash balances, to the committee, DLP, and the Bankruptcy Administrator. The Debtors, which are involved in land entitlement, permitting, and real estate development activities, acknowledged that several creditors, including DLP, certain noteholders, and other lenders, claim security interests in their cash collateral. For purposes of the interim order, the court assumed the validity and perfection of these creditors' asserted liens but expressly preserved the rights of the Debtors, the creditors' committee and other parties to challenge the nature, validity, priority, or extent of those liens in future proceedings. As adequate protection, the court found that DLP Lending Fund, LLC, DLP Capital Lending CH, LLC, the Noteholders, SLK, and H&V were protected through existing equity cushions. Additionally, the Debtors agreed to sequester $17,306.18 in the trust account of Rayburn, Cooper & Durham, P.A. pending further court order, while preserving all parties' rights to challenge the validity, extent, and priority of the asserted liens. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/sKYit from PacerMonitor.com. About BRD Land & Investment BRD Land & Investment filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30215) on February 24, 2026, listing $10,000,001 to $50 million in assets and $50,000,001 to $100 million in liabilities. Judge Laura T Beyer presides over the case. Matthew L Tomsic, Esq., at Rayburn Cooper Durham P.A., and GreerWalker, LLP serve as the Debtor's legal counsel and financial advisor, respectively. The official committee of unsecured creditors appointed in the Debtors' cases tapped Fox Rothschild, LLP as legal counsel and IslandDundon, LLC as financial advisor. BUCKINGHAM SENIOR: Plan Confirmation Hearing Scheduled for Aug. 21 ------------------------------------------------------------------ Judge Michelle V. Larson of the U.S. Bankruptcy Court for the Northern District of Texas conditionally approved the Combined Disclosure Statement and Plan of Liquidation of Buckingham Senior Living Community, Inc. The Disclosure Statement is conditionally approved as containing adequate information in accordance with section 1125 of the Bankruptcy Code and is subject to final approval of the Court at the Combined Hearing. The hearing to consider final approval of the Disclosure Statement and confirmation of the Plan (the "Confirmation Hearing") shall commence on August 21, 2026, at 9:30 a.m. (prevailing Central Time) in the 14th Floor, Courtroom #2, in the Earle Cabell Federal Building and United States Courthouse, 1100 Commerce St., Dallas, Texas 75242. The deadline for filing and serving objections to final approval of the Disclosure Statement and/or confirmation of the Plan shall be August 14, 2026, at 4:00 p.m. (prevailing Central Time). The deadline for the Debtor to file a reply to any such objections August 19, 2026. Objections to final approval of the Disclosure Statement or confirmation of the Plan not timely filed and served shall not be considered by the Court and shall be overruled. As shared by the Troubled Company Reporter, the Debtor was a continuing care retirement community ("CCRC") that offered its Residents a continuum of care in a campus-style setting on its 800,000 square foot property (the "Community"). After extensive discussions with prospective bidders, the Debtor, in an exercise of its business judgement and in conjunction with the Bond Trustee, named Focus SH Acquisition LLC, an affiliate of Focus Healthcare Partners, to serve as stalking horse bidder (the "Stalking Horse Bidder" and, the Stalking Horse Bidder's bid, the "Stalking Horse Bid") in connection with the sale process on the terms set forth in a stalking horse asset purchase agreement (as amended, supplemented, or otherwise modified by the parties thereto, the "APA"). Pursuant to the APA, the Stalking Horse Bidder committed, subject to Bankruptcy Court approval, to acquire substantially all of the Debtor's assets in exchange for a purchase price of $100 million, subject to certain adjustments set forth in the APA. The APA also contemplated that the Debtor will become a community comprised entirely of rental units. Pursuant to the Bid Procedures Order, on January 21, 2026, the Debtor commenced an auction for substantially all of its assets (the "Auction"). The auction concluded on January 22, 026. At the conclusion of the auction, the Debtor selected the Purchaser as the successful bidder. The successful bid provided for, among other things, (a) an increase of $16,400,000 in cash consideration (for a total of $116,400,000) and (b) an $8,000,000 increase in the good faith deposit (for a total of $10,000,000). At the Auction, an agreement was reached between the Debtor, the Committee, and the Bond Trustee, regarding the allocation of the incremental value achieved at the Auction, which gross amount was $15,250,000 with 50% of the net incremental value allocated to the Bond Trustee and 50% of the net incremental value allocated to be used as solely determined by the Committee. Based on this agreement, at closing of 363 Sale Transaction, $4,287,925 (less no less than 93.4% of miscellaneous closing expenses) will be distributed to the Bond Trustee and $7,391,075 (less 6.6% of miscellaneous closing expenses not to exceed $10,000) will be held in escrow by an escrow agent selected by the Committee solely for the benefit of unsecured creditors, which amount shall be used as determined by the Committee. Class 5 consists of General Unsecured Claims. On the Effective Date or as soon thereafter as is practicable, except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, each Holder of an Allowed General Unsecured Claim shall receive, in full and final satisfaction, settlement, release, and discharge of its Allowed General Unsecured Claim, its Pro Rata Share of (a) the GUC Allocation in an amount to be determined by the Committee for Distribution and (b) Distributable Proceeds. A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=fc96oo from Epiq Corporate Restructuring, LLC, claims agent. Counsel to the Official Committee of Unsecured Creditors: Shari L. Heyen, Esq. James T. Grogan III, Esq. Emily D. Nasir, Esq. GREENBERG TRAURIG, LLP 1000 Louisiana St., Suite 6700 Houston, Texas 77002 Telephone: (713) 374-3500 Facsimile: (713) 374-3505 Email: Shari.Heyen@gtlaw.com James.Grogan@gtlaw.com Emily.Nasir@gtlaw.com David B. Kurzweil, Esq. GREENBERG TRAURIG, LLP Terminus 200 3333 Piedmont Road NE, Suite 2500 Atlanta, Georgia 30305 Telephone: (678) 553-2100 Facsimile: (678) 553-2212 Email: KurzweilD@gtlaw.com About Buckingham Senior Living Community Buckingham Senior Living Community, Inc., doing business as The Buckingham, operates a not-for-profit continuing care retirement community (CCRC) in Houston, Texas, offering independent living, assisted living, memory care, skilled nursing, rehabilitation, and respite care. The community spans 23 acres near the Memorial neighborhood and features walking trails, courtyards, gardens, 24-hour security, dining, wellness programs, and other amenities designed to support resident lifestyle and relationships. Established over 20 years ago, The Buckingham provides comprehensive senior living services, allowing residents to transition across care levels as needs evolve. Buckingham Senior Living Community filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80595) on Nov. 17, 2025, listing up to $500 million in both assets and liabilities. Judge Michelle V. Larson presides over the case. The Debtor tapped McDermott Will and Schulte LLP as counsel; Implex Advisors, LLC as financial advisor; and Raymond James & Associates, Inc. as investment banker. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation, and administrative agent. BUZZFEED INC: Names Stanley Washington to Board, Committees ----------------------------------------------------------- BuzzFeed, Inc.'s board appointed Stanley E. Washington as a director on July 16 under an agreement tied to Allen Family Digital's $120 million investment, according to a Form 8-K filed with the Securities and Exchange Commission. Washington will serve on the audit, compensation, and nominating, corporate governance and corporate responsibility committees. He will chair the compensation committee, and BuzzFeed said he qualifies as an independent director under Nasdaq rules. The appointment follows a May stock purchase agreement under which Allen Family Digital agreed to buy 40 million Class A common shares at $3 each. The investor received director-designation rights in connection with the transaction. Washington, 62, has served since 2008 as president and chief executive of Pantheon Global Services, an investment, leadership advisory and business economic development firm. About BuzzFeed, Inc. BuzzFeed is a digital media company based in New York. Its brands include BuzzFeed, HuffPost and Tasty, covering pop culture, entertainment, shopping, food and news. The company produces and distributes content across platforms and generates revenue through digital advertising and complementary commerce-related activities. Deloitte & Touche LLP's report dated March 16, 2026, included substantial-doubt language about BuzzFeed's ability to continue as a going concern. The auditor cited recurring losses, operating cash use, insufficient liquidity to fund obligations over the following year and uncertainty about regaining compliance with Nasdaq's bid-price requirement. As of March 31, 2026, BuzzFeed reported total assets of $169.11 million, total liabilities of $132.35 million and total stockholders' equity, including noncontrolling interests, of $36.76 million. C-M TRANSPORT: Seeks Subchapter V Bankruptcy in Michigan -------------------------------------------------------- On July 19, 2026, C-M Transport, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Michigan. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 20, 2026 at 02:00 PM via By Telephone. Statement of Financial Affairs and Summary of Assets and Liabilities Due August 3, 2026. About C-M Transport, LLC C-M Transport, LLC is a Vassar, Michigan-based long-distance general freight trucking company. The company operates a small fleet providing livestock and general freight transportation services and maintains active motor carrier authority for property operations throughout the region. C-M Transport, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21113) on July 19, 2026. In its petition, the Debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. The Honorable Daniel S. Opperman handles the case. The Debtor is represented by David R. Heyboer, Esq., of Heyboer Law PLC. C.R. OF WILDWOOD: No Decline in Resident Care, 4th PCO Report Says ------------------------------------------------------------------ Nancy Pitra, the duly appointed patient care ombudsman, filed with the U.S. Bankruptcy Court for the Middle District of Georgia her fourth report regarding the quality of patient care provided by C.R. of Wildwood, LLC. During the June 1 visit, the resident census was 41. The ombudsman representative for the Office of the State Long-Term Care Ombudsman (OSLTCO) visited with 13 residents, two family members, the administrator, nurses, direct care staff, activities staff, housekeeping staff, social services staff, the business office manager, and dietary staff. The ombudsman representative stated that she did not receive any resident complaints regarding overall care and response time. The previous resident complaint about dignity and respect has been resolved and the resident states this is not a concern at this time. The ombudsman representative noted that the CNA and Nursing staff report staffing issues have mostly been resolved. However, during the visit several staff were absent, and the administrator was helping in the kitchen for coverage. The ombudsman representative observed that the facility is an old building but was clean and clutter free. The facility seems to have adequate food and supplies. The ombudsman representative noted no decline in resident care. The patient care ombudsman is not aware of any significant change in facility conditions or decline in resident care for this nursing home since her appointment. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=tkcg7y from PacerMonitor.com. The ombudsman may be reached at: Nancy Pitra, Esq. State Long-Term Care Ombudsman Office of the State Long-Term Care Ombudsman Georgia Department of Human Services 2 Peachtree Street, N.W., 33rd Floor Atlanta, GA 30303 Email: Nancy.Pitra@osltco.ga.gov About C.R. of Wildwood LLC C.R. of Wildwood, LLC is a Georgia-based company that owns and operates businesses in the hospitality and dining sector. It specializes in offering restaurant and food service experiences to both local customers and out-of-town guests. C.R. of Wildwood sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51719) on October 27, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Wesley J. Boyer, Esq. of Boyer Terry LLC. CAMBIUM NETWORKS: BDO USA Flags Going Concern Uncertainty Over Debt ------------------------------------------------------------------- Cambium Networks Corporation filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, with the U.S. Securities and Exchange Commission. The audited report contains a blunt warning: conditions exist that raise substantial doubt about its ability to continue as a going concern. Financial Results Based on the financial statements filed with the Securities and Exchange Commission a couple of months ago, the Company reported a net loss of $38.5 million for the year ended Dec. 31, 2025, compared with a net loss of $74.5 million for 2024. The Company generated revenue of $159.6 million in 2025, compared to revenue of $177.3 million in 2024. Liquidity Position As of Dec. 31, 2025, the Company had a cash balance of $11.3 million, a decrease of $23.6 million from Dec. 31, 2024. The Company drew $45 million on its revolving credit facility in the first half of 2024 for working capital needs mainly to: * fund normal operating expenses; * meet interest and principal requirements of its outstanding indebtedness; and * fund capital expenditures. Following this drawdown, the Company has remaining available liquidity under our revolving credit facility. The Company's future capital requirements may vary materially from those currently planned and will depend on many factors, including its rate of revenue growth, the timing and extent of spending to support development efforts, the timing of new product introductions, market acceptance of our products and overall economic conditions. The Company continues to focus on cost management, operating efficiency and efficient discretionary spending. It expects to regularly assess its liquidity needs and market conditions and may seek alternative sources of financing if and when its board of directors determines that doing so is in its best interest. As noted below, the Company's Amended Credit Agreement with Bank of America matures on Nov. 17, 2026. Absent an infusion of capital from financing or divestiture, the Company will be unable to repay this indebtedness when it becomes due. Going Concern Warning Chicago, Illinois-based BDO USA, P.C., the Company's auditor since 2025, issued a "going concern" qualification in its report dated May 1, 2026, attached to the Company's Annual Report, citing that the Company will not have sufficient cash and cash equivalents to repay amounts owed under its existing debt arrangements as they become due in 2026 without additional financing and uncertainties exist about the Company's ability to refinance these debt arrangements. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Debt Covenant Defaults As of Dec. 31, 2025, the Company was not in compliance with its quarterly fixed charge coverage ratio and quarterly consolidated leverage ratio covenants. These defaults continue into 2026. Such defaults afford the lender the right to declare the amounts outstanding immediately due and payable, and although the Company continues regular discussions with the lender, it has not been able to obtain a waiver of the defaults or otherwise refinance such indebtedness. If the lender were to accelerate the maturity of the Company's indebtedness under the Amended Credit Agreement, the Company would not be able to repay the debt, and therefore, there is substantial uncertainty the Company would be able to continue as a going concern. The Company's obligations under the Amended Credit Agreement mature and become due and payable on Nov. 17, 2026, absent acceleration by the lender. The Company ceased payment of principal and interest on the term loan and payment of interest under the revolving credit facility as of June, 2025. As the covenant violations afford the lender the right to declare the amounts outstanding immediately due and payable, the term loan facility and the associated deferred debt issuance costs and the revolving credit facility are classified as a current liability and the deferred debt issuance costs associated with the revolving credit facility are classified as a current asset in the accompanying consolidated balance sheet as of Dec. 31, 2025. Management Actions The Company continues to take actions to improve its profitability and focus on operating efficiency and reducing discretionary spending, deferring capital expenditures and implementing cost reductions to align its cost structure with current and expected revenue levels. Outlook Based on the Company's current forecast, it is projecting future noncompliance with its financial covenants for the remainder of the term of the loan in addition to the covenant noncompliance. If the lender were to accelerate the maturity of the Company's indebtedness under the Amended Credit Agreement, there is substantial uncertainty the Company would be able to secure capital resources to repay the amounts due. Due to these uncertainties and given the debt matures on Nov. 17, 2026, management concluded that substantial doubt exists with respect to the Company's ability to continue as a going concern within the next 12 months. A full-text copy of the annual report is available at https://tinyurl.com/w259xk4p About Cambium Networks Cambium Networks Corporation and its wholly owned subsidiaries design, develop, and manufacture fixed wireless and PON/XGSPON based broadband, Wi-Fi, and local area networking switching infrastructure, and security gateway solutions for a wide range of applications, including broadband access, wireless backhaul, Internet of Things, public safety communication and Wi-Fi access. Cambium's products enable service providers, enterprises, industrial organizations and governments to deliver exceptional digital experiences and device connectivity, with compelling economics. The Company's ONE network platform simplifies the management of Cambium Networks' wired and wireless technologies. The Company's product lines fall into three broad, interrelated categories: Fixed Wireless and fiber Broadband, Enterprise Networking, and Subscriptions and Services. As of Dec. 31, 2025, the Company had $137.1 million in total assets, $173.1 million in total liabilities, and $35.9 million in total shareholders' deficit. CANNABIST COMPANY: Signs $35M Asset Sale to Vireo Across 5 States ----------------------------------------------------------------- Vireo Growth Inc., through its subsidiary, Vireo Health of Arcadia, LLC, and The Cannabist Company Holdings Inc., announced on July 20, 2026, that they have entered into a definitive purchase agreement pursuant to which the Buyer will acquire certain cannabis cultivation, manufacturing and retail operations from subsidiaries of Cannabist across five markets: Colorado, Illinois, Massachusetts, New Jersey, and West Virginia. Total consideration for the Transaction, subject to certain regulatory approvals, will be up to US$35 million, comprised of up to US$18.75 million in cash payable at closing and up to US$16.25 million in seller notes. Total consideration payable in the Transaction will be subject to customary adjustments based on target levels of cash, indebtedness, tax liabilities, working capital adjustments, as well as certain other items. Completion of the Transaction is expected to occur in stages through calendar year 2026 and into calendar year 2027, subject to certain regulatory approvals. The Transaction represents the latest step in Vireo's ongoing strategic expansion initiative and is expected to further strengthen the Company's footprint in several attractive, limited-license cannabis markets. Upon closing each market, Vireo will deepen its presence in Colorado with eight dispensaries and enter four new state markets. In total, the Transaction is expected to add up to 25 dispensaries, one cultivation and one production asset, bringing Vireo's pro forma retail footprint to approximately 230 dispensaries, including previously announced acquisitions pending closing. This Transaction would position Vireo as a top-tier cannabis operator with operations across 15 states, and the second largest dispensary network in the country. The Transaction is subject to customary closing conditions and regulatory approvals in each market. Upon closing, Vireo expects to integrate the acquired operations into its existing platform while maintaining a focus on operational efficiency, product quality and customer experience. The Company noted additional divestitures could follow the closing depending on regulatory review and as part of ongoing portfolio optimization efforts. Cannabist Strategic Review Process, CCAA Proceedings, and Chapter 15 Proceedings As Cannabist previously announced, on March 24, 2026, Cannabist commenced CCAA proceedings before the Ontario Superior Court of Justice (Commercial List) and entered into a previously announced strategic review process initiated by a special committee of Cannabist's board of directors comprised of independent directors. With support from external financial and legal advisors, the Special Committee thoroughly evaluated a range of options including potential asset sales, mergers, or other strategic and financial transactions in light of persistent operational and financial challenges facing both Cannabist and the broader industry. Cannabist previously announced it had entered into a non-binding memorandum of understanding agreement for the sale of certain equity interests in and assets of subsidiaries in the Colorado, Illinois, New Jersey, West Virginia and Massachusetts markets on March 24, 2026. In addition, on March 25, 2026, Cannabist commenced proceedings under chapter 15 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware seeking recognition of the CCAA Proceeding. On May 9, 2026, Cannabist obtained recognition of the CCAA Proceeding from the U.S. Bankruptcy Court. Management Commentary "The acquisition of select Cannabist assets meaningfully expands our operational footprint, strengthens our vertically integrated platform, and adds a highly experienced team along with operations in new markets for Vireo," stated Vireo Chief Executive Officer, John Mazarakis. "This transaction reflects our disciplined and strategic approach to industry consolidation as we continue building one of the most capital efficient, vertically integrated cannabis platforms in the United States." "We are proud of the team and operations we have built across these markets, and we believe these transactions position those assets for continued growth and long-term success through Vireo's platform," said The Cannabist Company Chief Executive Officer, David Hart. Approvals and Recommendation The Transaction was unanimously approved by the Special Committee. Completion of the Transaction is subject to, among other things, the granting of a sale approval and vesting order by the Canadian Court under the CCAA and receipt of applicable cannabis regulatory approvals in each market. The board of directors of Vireo has also unanimously approved the Transaction. Legal and Financial Advisors and Chief Restructuring Officer Stikeman Elliott LLP is acting as Canadian counsel to Cannabist, while Weil, Gotshal & Manges LLP serves as U.S. counsel to Cannabist in respect of the Transaction and Chapter 15 Proceedings and Foley Hoag LLP serves as U.S. regulatory counsel to Cannabist. Moelis & Company LLC acts as investment banker and financial advisor to Cannabist. SierraConstellation Partners LLC is the Chief Restructuring Officer of Cannabist. DLA Piper (Canada) LLP is acting as Canadian legal counsel, Eversheds Sutherland (US) LLP is acting as United States legal counsel, and Troutman Pepper Locke LLP is acting as U.S. securities counsel to Vireo. About Vireo Growth Inc. Vireo Growth Inc. (CSE: VREO; OTCQX: VREOF) is a leading vertically integrated cannabis company building a broad platform across cannabis and adjacent agricultural markets. The Company operates cultivation, manufacturing, retail dispensaries, home delivery, distribution, and agricultural supply businesses across the United States, creating exposure to both cannabis and complementary adjacent markets. With operations in 10 states and more than 170 dispensaries nationwide, Vireo combines disciplined capital allocation, strategic acquisitions, and local market execution to scale its platform and drive long-term shareholder value. The Company is focused on expanding market share and strengthening its portfolio of consumer brands and services, while supporting the customers, employees, shareholders, and communities it serves. For more information about Vireo, visit www.vireogrowth.com. About Cannabist Company Holdings Inc. Cannabist Company Holdings Inc. is a cannabis operator engaged in the cultivation, manufacturing, and retail distribution of cannabis products across North America. Cannabist Company Holdings Inc. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10426) on March 25, 2026. The Debtor is represented by Zachary I. Shapiro, Esq. of Richards, Layton & Finger, P.A. CARRIAGE SERVICES: Moody's Ups CFR to B1 & Alters Outlook to Stable ------------------------------------------------------------------- Moody's Ratings upgraded Carriage Services, Inc.'s (Carriage) corporate family rating to B1 from B2 and probability of default rating to B1-PD from B2-PD. Moody's also upgraded the company's senior unsecured notes due May 2029 to B2 from B3. The speculative grade liquidity rating remains unchanged at SGL-2. The outlook was revised to stable from positive. Carriage is a provider of funeral and cemetery services and merchandise in the US. The upgrade of the CFR to B1 from B2 is driven by Carriage's improving operating performance and credit metrics, as well as Moody's expectations of further improvements in leverage metrics, free cash flow, and liquidity. Moody's expects Carriage to maintain modest revenue growth in the low single digits and debt/EBITDA around 4x or lower, supported by healthy EBITDA margins of 30% and debt repayment. Moody's expects FCF/debt will be sustained in the mid-to-high single-digit percentage range. Additionally, Moody's anticipates Carriage's M&A strategy will be funded primarily by internally generated free cash flow and equity financing from their recently announced $100 million at-the-market equity program, as opposed to additional debt. ESG governance considerations, notably Moody's anticipations for conservative financial strategies and declining financial leverage, were a key driver of the actions. RATINGS RATIONALE Carriage's B1 CFR is constrained by its small scale with revenues of almost $417 million and moderately high debt/EBITDA leverage of 4.3x as of the last twelve months ended March 31, 2026. The company also operates within the mature, fragmented and competitive deathcare industry, with both larger and smaller competitors that could create pricing pressure or limit revenue growth. Ongoing secular trends toward the increasing use of cremation services, which often generate lower revenue than traditional burial, also weigh on financial performance and could hinder revenue and profit growth. All financial metrics cited are calculated based on Moody's standard adjustments. The company's ratings benefit from its position as the second-largest player in the stable death care industry, along with strong profitability and a good liquidity profile. The value of certain Carriage assets, including a diverse portfolio of owned and controlled properties and a backlog of pre-sold contracts, likely exceeds select liabilities, including the costs of fulfilling pre-need services and its debt obligations. Moody's expects that steady demand from the aging baby boomer population will lead to revenue growth in the low single-digit percentage range. This growth will be driven mainly by acquisitions, pre-need cemetery production growth and price increase initiatives, offset by lower funeral service sales. Additionally, Moody's considers ESG factors, notably governance and financial strategies, supportive of the upgrade. Given the company's public commitment to resuming M&A activity, the pace of debt reduction could be slower than anticipated if Carriage issues incremental debt to fund transactions, weakening the credit profile. However, Moody's expects the company will use a blend of free cash flow and utilize proceeds from their new at-the-market equity program to fund M&A, avoiding the incurrence of additional debt. The SGL-2 speculative grade liquidity rating reflects Carriage's good liquidity profile. Moody's expects good free cash flow generation of over $40 million during the next 12 – 15 months, after about $7 million in annual dividends to shareholders. However, Moody's do not expect Carriage to maintain large cash balances as evidenced by the less than $3 million cash held as of March 31, 2026. Liquidity is also supported by about $130 million of availability under its $250 million revolver expiring July 2029 (unrated) as of March 31, 2026. Financial covenants include a maximum total leverage ratio of 5.0x and a minimum fixed charge coverage ratio of 1.2x. As of March 31, 2026, the bank covenant total leverage ratio was 4.0x and the fixed charge ratio was 3.7x, providing adequate covenant cushion. The credit agreement restricts Carriage from making further acquisitions if total leverage exceeds 4.5x. Moody's expects Carriage to remain compliant with its financial leverage covenant and to finance upcoming M&A through cash flow, divestiture proceeds, and proceeds from the at-the-market equity program. The upgrade of the $400 million senior unsecured notes due May 2029 to B2 from B3 is driven by the upgrade of the CFR. The notes are rated one notch below the B1 CFR, reflecting their junior position in the capital structure relative to the company's senior secured $250 million revolving credit facility (unrated) expiring July 2029. The stable outlook reflects Moody's expectations that Carriage will maintain debt/EBITDA around 4x through EBITDA growth and debt repayment over the next 12 to 18 months, while maintaining EBITDA margins of around 30%. Moody's expects low single-digit revenue growth driven by price increases and acquisitions, as well as a good liquidity profile, with FCF/debt around the mid to high single-digit percentage range. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Moody's anticipates Carriage will sustain organic revenue growth, improvements in profitability and debt/EBITDA below 4x. An improvement in the liquidity profile and balanced financial policies would also be supportive of an upgrade. The ratings could be downgraded if Moody's expects revenue growth to slow or profit margins to decline, indicating a weakening competitive position, or if financial policies become more aggressive, leading to debt/EBITDA sustained above 5x. The ratings could also be downgraded if cash flows and liquidity weaken. The principal methodology used in these ratings was Business and Consumer Services published in February 2026. Carriage's B1 CFR is two notches below the scorecard-indicated outcome. This difference reflects the company's small scale and limited organic growth in a mature market. Carriage Services, Inc. (NYSE: CSV), headquartered in Houston, TX, provides funeral and cemetery services and merchandise in the US. As of March 31, 2026, Carriage operated 155 funeral homes in 24 states and 28 cemeteries in 9 states across the US. Moody's expects Carriage will generate about $430 million revenue in 2026. CAS CONSTRUCTION: To Hire Bruner Wright P.A. as Legal Counsel ------------------------------------------------------------- CAS Construction Enterprises, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Georgia to hire Bruner Wright, P.A. to serve as legal counsel. The firm will provide these services: (a) represent the company in this Chapter 11 bankruptcy case; (b) give the company legal advice with respect to its powers and duties in this Chapter 11 case; and (c) advise the company on its relations with, and responsibilities to, creditors and other interested parties. The firm's professionals will be compensated at these hourly rates: - Robert C. Bruner: $450/hour - Byron Wright III: $450/hour - Samantha Kelley: $425/hour - John Van Hise: $425/hour - Paralegal: $200/hour Bruner Wright, P.A. received a $15,000 retainer for this engagement. Of that amount, $625 was utilized for pre-petition services and $1,738 was used to pay the filing fee for the case. According to court filings, Bruner Wright, P.A. is a "disinterested" person within the meaning of Section 101(14) of the Bankruptcy Code and does not hold interests adverse to the company. The firm can be reached at: Robert C. Bruner, Esq. Byron Wright III, Esq. BRUNER WRIGHT, P.A. 2868 Remington Green Circle Tallahassee, FL 32308 Telephone: (850) 385-0342 Facsimile: (850) 270-2441 E-mail: rbruner@brunerwright.com twright@brunerwright.com About CAS Construction Enterprises, LLC CAS Construction Enterprises, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 26-70741-JTL) on July 6, 2026. At the time of the filing, the company had estimated assets of between $100,001 and $500,000 and estimated liabilities of between $100,001 and $500,000. Bruner Wright, P.A. is the company's legal counsel. CATHETER PRECISION: SEG JETS SPV I, LLC Reports 9.79% Stake ----------------------------------------------------------- SEG JETS SPV I, LLC disclosed in a Schedule 13G filed with the Securities and Exchange Commission that as of July 20, 2026, it beneficially owned 1,065,620 shares of common stock of Catheter Precision, Inc., representing approximately 9.79%, based on 10,880,868 shares of Common Stock outstanding, as verified with the Company on July 17. SEG JETS SPV I, LLC has shared voting power and shared dispositive power over all 1,065,620 shares, with no sole voting or dispositive power. SEG JETS SPV I, LLC may be reached through: Joseph Reda 135 Sycamore Dr Roslyn, NY 11576 Tel: 516-521-1354 A full-text copy of the SEC Report is available at https://tinyurl.com/mr2fvy5c About Catheter Precision Inc. Headquartered in the U.S., Catheter Precision, Inc. is a medical device company focused on improving the treatment of cardiac arrhythmias. The Company, which was reincorporated as Ra Medical Systems, Inc. in Delaware in 2018 and changed its name to Catheter Precision, Inc. on Aug. 17, 2023, develops technology for electrophysiology procedures through collaborations with physicians and continuous product advancements. As of March 31, 2026, the Company had $35.1 million in total assets, $25.9 million in total liabilities, and $9.2 million in total stockholders' equity. East Brunswick, New Jersey-based WithumSmith+Brown, PC, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses from operations, has experienced negative cash flows from operations, and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. CEDAR VALLEY: Plan Exclusivity Period Extended to Aug. 11 --------------------------------------------------------- Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas extended Cedar Valley Cypress TX LLC and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 11 and Oct. 12, 2026, respectively. As shared by Troubled Company Reporter, the Debtors believe that the requested extension of the Exclusivity Periods is warranted and appropriate under the circumstances. The Debtors have made and continue to make progress in good faith toward a chapter 11 exit strategy. The Debtors claim that they are not seeking to extend exclusivity to pressure or prejudice creditors, but rather to provide additional time to implement an efficient resolution of these chapter 11 cases in favor of all parties in interest. Termination of the Debtors' Exclusivity Periods at this stage would be counterproductive. Lastly, and importantly, the Debtors have continued to maintain the highest standards for patient care at the Debtors' Facility. Counsel to the Debtors: Jason S. Brookner, Esq. Emily F. Shanks, Esq. Gray Reed 1601 Elm Street, Suite 4600 Dallas, TX 75201 Tel: (214) 954-4135 Fax: (214) 953-1332 Email: jbrookner@grayreed.com eshanks@grayreed.com About Cedar Valley Cypress TX LLC Cedar Valley Cypress TX LLC and affiliates form a network of for profit healthcare companies that own and manage skilled nursing and rehabilitation centers. The group oversees facilities such as Cedar Valley Nursing & Rehabilitation Center in Cedartown, Georgia, and operates through related entities providing administrative and clinical support. The companies share common ownership under the Cypress structure, which manages nursing home operations in Texas, New York, and Georgia. Cedar Valley Cypress TX sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-34017) on Oct. 13, 2025. In its petition, the Debtor reported between $50,000 and $100,000 in both assets and liabilities. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Jason S. Brookner, Esq., at Gray Reed. Melanie S. McNeil is the patient care ombudsman appointed in the Debtor's case. CENTRAL FLORIDA: Amends Equipment Sale to Century International --------------------------------------------------------------- Central Florida Firearms, LLC d/b/a Live Free Armory and Live Free Manufacturing LLC, seek permission from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to amend motion to sell substantially all remaining personal property, 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 Debtors previously filed the Barrel-Line Sale Motion to address certain lender-collateral assets identified as Barrel-Line Sale Assets in the Purchase Agreement and in the Barrel-Line Sale Motion. The Motion excludes the Barrel-Line Sale Assets from the Acquired Assets to avoid duplicative relief. The Debtors have negotiated a proposed sale of most of their remaining operating assets to Century pursuant to an Asset Purchase Agreement. The material terms of the Purchase Agreement, including the Total Consideration of approximately $1,688,028.00, 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, plus the assumption or payoff of PMSI equipment liens of approximately $445,000 (subject to payoff statements from the PMSI lenders). The Purchase Agreement provides for a Break-Up Fee of $100,000 and Expense Reimbursement of up to $100,000, payable to Century under the circumstances described in Part IV.B below. 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. Where no specific secured party is identified, the Debtors believe, subject to continuing confirmation, that the item is encumbered only by the blanket lien held by Cadence Bank. The Debtor selects Robert H. Ewald and the auctioneering firm of Ewald Auctions, Inc. to market and sell the Remaining Property. The Debtors request that the Court approve Century's offer under the Purchase Agreement as the stalking horse bid for the Acquired Assets. Designating Century as the stalking horse establishes a floor price and deal certainty for the Acquired Assets. 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 auction via Zoom or an online-only auction platform. Additional terms and conditions for the proposed Auction Process, including a proposed timeline, will be filed prior to the hearing to set bid procedures. 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. 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. CERTIFIED ROOFING: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Certified Roofing Solutions, LLC 816 Ohio Ave Lynn Haven, FL 32444-2352 Business Description: Certified Roofing Solutions is an Ocala, Florida-based exterior-services company whose roofing operations began in 2017. The company provides residential and commercial roofing services, including roof repair and replacement, roof coatings, solar roofing, and metal and asphalt-shingle installation. It also performs gutter and siding installation, provides emergency roofing services, and assists customers with insurance claims. The company serves homeowners, businesses, and property managers across Florida and South Georgia. Chapter 11 Petition Date: July 19, 2026 Court: United States Bankruptcy Court Northern District of Florida Case No.: 26-50145 Judge: Hon. Karen K Specie Debtor's Counsel: Michael Moody, Esq. MICHAEL H. MOODY LAW, P.C. 1350 Market Street Suite 224 Tallahassee FL 32312 Tel: (850) 739-6968 Email: Michael.Moody@MichaelHMoodyLaw.com Total Assets: $900,681 Total Liabilities: $3,286,260 The petition was signed by Titus Lea as owner. 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/UZLO66Q/Certified_Roofing_Solutions_LLC__flnbke-26-50145__0001.0.pdf?mcid=tGE4TAMA CERTIFIED ROOFING: Seeks Subchapter V Bankruptcy in Florida ----------------------------------------------------------- On July 19, 2026, Certified Roofing Solutions, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Florida. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. Government Proof of Claim due January 15, 2027; Subchapter V Chapter 11 Plan due October 19, 2026 About Certified Roofing Solutions, LLC Certified Roofing Solutions, LLC is a Lynn Haven, Florida-based roofing contractor specializing in residential roofing installation, replacement, and repair services. The company serves customers across several Florida markets, including Ocala, Panama City, Pensacola, Orlando, St. Augustine, and Tallahassee, and maintains an active state contractor license. Certified Roofing Solutions, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50145) on July 19, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Honorable Karen K. Specie handles the case. The Debtor is represented by Michael Howard Moody, Esq., of Michael H. Moody Law P.A. CHAPIN HOLDINGS: Project Revenue & Financing Proceeds to Fund Plan ------------------------------------------------------------------ Chapin Holdings, LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement describing Second Amended Plan of Reorganization dated July 10, 2026. The Debtor is a Texas real estate development company whose principal asset is approximately 79.854 acres in Benbrook, Tarrant County, Texas, commonly known as Rowan Ranch. The Debtor acquired the Property from Rowan Altgelt Laughlin Group, Ltd. on or about June 4, 2024, for $5,650,000 through seller financing. The transaction proceeded before completion of certain entitlement and floodplain milestones so the development process could continue after closing. The parties later entered into extensions and forbearance arrangements supported by specified payments while the Debtor pursued refinancing and continued the work necessary to create a repayment source. Disputes arose concerning the amount asserted by RAL Group, the effect of the parties ' agreements, default interest, fees, and related matters. RAL Group posted the Property for foreclosure. The Debtor commenced this Chapter 11 case on April 7, 2026, the scheduled foreclosure date, to preserve the integrated value of the Property, contracts, and work product; prevent a forced separation and liquidation of those assets; and provide an orderly means to determine Claims and pay creditors through Project monetization. The Chapter 11 filing provides the Debtor an opportunity to preserve the Development Assets, resolve Claims in an orderly manner, and propose a Plan intended to provide recoveries materially greater than those available through foreclosure or liquidation. The Plan is designed to preserve the Integrated Development Value of those assets and convert them into a structured repayment program. The primary repayment path is Phase I: approximately 18.54 acres planned for approximately 100 duplex pads supporting 200 residential units. Phase I is under contract with Weekley. The Plan does not require completion or sale of Phase II/Area 2 before Phase I begins generating Project Revenues or before the principal secured and non-insider unsecured Claims can be paid under the projected model. The Weekley Contracts are the preferred implementation vehicle, but the Plan also authorizes Alternative Development Implementation if necessary. Class 3A consists of Non-Insider General Unsecured. On the Plan Commencement Date or, if not then paid, no later than the Initial Takedown. The allowed unsecured claims total $407,766.4. Class 3B consists of Insider General Unsecured. After all Allowed secured and non-insider unsecured Claims have been paid in full or otherwise satisfied. The allowed unsecured claims total $2,638,674.90. Plan Funding Sources may include Project Revenues, the Weekley Phase I earnest-money release, Takedown proceeds, project financing or refinancing proceeds, sale proceeds, management or other fee deferment, reimbursements, voluntary capital contributions, voluntary Affiliate funding, retained Causes of Action and recoveries, governmental reimbursements, settlement proceeds, and any other lawful source available to the Debtor or Reorganized Debtor. No Affiliate is obligated to make a contribution unless it separately agrees in writing. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=J2jzjh from PacerMonitor.com at no charge. Counsel to the Debtor: Weldon L. Moore, III, Esq. Sussan & Moore, LLP 2911 Turtle Creek Blvd., Ste. 1100 Dallas, TX 75219 Telephone: (214) 378-8270 Facsimile: (214) 378-8290 About Chapin Holdings LLC Chapin Holdings, LLC a single-asset real entity, owns and manages one income-producing property. Chapin Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-41580) on April 7, 2026. In the petition signed by Corey Waldrop, manager, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Weldon L. Moore, III, Esq., at Sussan & Moore, LLP represents the Debtor as counsel. CHEMOURS COMPANY: Moody's Cuts CFR to B1 & Alters Outlook to Stable ------------------------------------------------------------------- Moody's Ratings downgraded The Chemours Company's ("Chemours") ratings, including the Corporate Family Rating to B1 from Ba3, the probability of default rating to B1-PD from Ba3-PD, senior secured bank credit facility ratings to Ba2 from Ba1 and the senior unsecured ratings to B2 from B1. The outlook has been changed to stable from negative, reflecting expectations for continued earnings improvement and free cash flow generation, along with net proceeds from the asset sales to be applied toward debt reduction. The company's Speculative Grade Liquidity (SGL) rating remains unchanged at SGL-2. "The downturn in the titanium dioxide market has extended for much longer than expected and while the sulfur shortage has caused market prices to increase in 2026, overall demand remains weak limiting earnings and cash flow upside for the company and its credit metrics," stated John Rogers, Moody's Ratings Senior Vice President and lead analyst on Chemours. RATINGS RATIONALE Chemours' B1 CFR reflects the company's substantial size, leading market positions across its three business segments, and proprietary technologies that typically enable it to generate strong profit margins. These strengths are offset by the cyclicality of its titanium dioxide (TiO2) business and significant litigation risk stemming from per- and polyfluoroalkyl substances (PFAS). The company's credit metrics likely bottomed in the first quarter of 2026, given the expected paydown in debt and increase in TiO2 selling prices in the second quarter; however, Moody's expects the pace of improvement in credit metrics to be fairly slow over the next two years with leverage declining toward 3.5x by the end of 2027. The company's Thermal & Specialized Solutions (TSS) segment continues to perform well and regulatory driven growth in demand is expected to continue over the next few years. The Titanium Technologies (TT) business is expected to improve in 2026 as prices have been positively impacted by the dramatic increase in sulfur prices since January of this year, which doesn't impact Chemours, but does impact a number of its competitors. Sulfur availability is expected to improve once the conflict in the Middle East is resolved and at current TiO2 demand levels, there is still a significant amount of excess capacity in the industry. In addition, the Advanced Performance Materials (APM) business should modestly improve in 2026 as well due to the resolution of operational issues at its Washington Works site, but end market demand remains weak limiting the positive impact. The company continues to make progress on settling PFAS claims, but Moody's remains concerned that future cash costs will be material to the company's financial profile. Settlements to date have been manageable, supported by DuPont de Nemours, Inc. (DuPont; Baa1 Stable) and EIDP, Inc. (Baa1 Negative; d/b/a Corteva Inc.). Despite several recently settled PFAS-related liabilities, including those with the state of New Jersey, the US Environmental Protection Agency and the EPA in West Virginia, lawsuits in the multi-district litigation (MDL) in South Carolina continue to increase and the State of New York recently initiated a lawsuit against PFAS manufacturers. Chemours has taken several steps to improve its financial performance and cash flow generation in 2025 and 2026. The company reduced its dividend by 65%, continued to pursue cost-reduction initiatives, and, early in the second quarter of 2026, executed the sale of land in Taiwan, with the proceeds to be used for debt reduction. Despite continued growth in sales and profits in its Thermal & Specialized Solutions (TSS) segment, along with the actions cited above, year-end 2026 credit metrics are expected to remain commensurate with the assigned B1 CFR rating. At year-end 2026, Debt/EBITDA is projected to be in the mid-4x range, while Retained Cash Flow/Debt is expected to be in the low-teens range, even considering management's projected improvement in 2026 financial performance and approximately $300 million in debt reduction from asset sales. Moody's expects 2027 financial performance to improve further, driven by continued growth in the TSS segment and modest improvements in the TiO2 market. Credit metrics are expected to improve as well with leverage dropping toward 3.5x and Retained Cash Flow/Debt in the low to mid-teens. If the company continues to improve financial performance and repay debt with free cash flow, credit metrics could get close to levels that would support a higher rating by the end of 2028. The Ba2 senior secured bank credit facility ratings, two notches above the CFR, on about $1.6 billion of senior secured debt reflect their position in the capital structure relative to about $2.5 billion of unsecured notes, which are rated one notch below the CFR. LIQUIDITY Chemours' SGL-2 rating reflects good liquidity, supported by approximately $563 million in cash (as of March 31, 2026) and access to roughly $1.0 billion in revolving credit facilities. This includes $780 million maturing in May 2030 and $220 million maturing in October 2026. The revolving credit facility includes a maximum secured net debt-to-EBITDA covenant of 2.75x, stepping down to 2.5x in 2Q26 and to 2.0x in 4Q26 and thereafter. The company is expected to remain in compliance with this covenant over the next 12–18 months. All commitments are subject to a springing maturity that is 91 days prior to the next term loan or unsecured note maturity. The next material debt maturity is not until August 2028, when the secured Euro term loan is due. Additionally, about $600 million of outstanding unsecured notes mature in November 2028. In addition, to the secured facilities, the company has access to a $165 million accounts receivable facility due in March 2028, as well as a European accounts receivable factoring arrangement with capacity of up to EUR180 million, which includes an automatic one-year extension upon its October 2026 maturity. OUTLOOK The stable outlook assumes that there will be no additional large settlements related to PFAS liabilities over the next 12 months that would materially increase debt. It also assumes that credit metrics will improve over the next 12 to 18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's would consider an upgrade if leverage is sustained closer to 3.0x and Retained Cash Flow/Debt remains in the mid teens. Moody's would consider a downgrade if (i) PFAS litigation and settlement-related costs increased significantly; (ii) there were any concerns that DuPont and Corteva Inc. would not continue to support the company in addressing future PFAS liabilities; and (iii) Debt/EBITDA was expected to exceed 4.5x and Retained Cash Flow/Debt was expected to be below 10% for a sustained period. The Chemours Company, headquartered in Wilmington, Delaware, is a leading global producer of performance chemicals through three primary segments: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials. Revenues for the last twelve months ending March 31, 2026 were roughly $5.8 billion. The principal methodology used in these ratings was Chemicals published in February 2026. CHESAPEAKE HOME: Unsecureds Will Get 8.18% over 3 Years ------------------------------------------------------- Chesapeake Home Health Care Inc. filed with the U.S. Bankruptcy Court for the District of Maryland an Amended Subchapter V Plan dated July 9, 2026. Chesapeake Home Health Care, Inc. ("CHHC") was established in January 2006 and incorporated in the State of Maryland in March 2006 as a minority-owned, woman-owned Residential Service Agency. From its inception, CHHC has focused on delivering high-quality, community-based healthcare services, with a primary specialization in caring for medically fragile children and individuals with special needs. The agency has built strong relationships with major healthcare partners and school systems, including Prince George's County, Howard County, Montgomery County, and Charles County Public Schools, as well as organizations such as University of Maryland Health Partners and TriCare/Humana. In 2020, the COVID-19 pandemic significantly disrupted healthcare delivery nationwide. During this period and in the years that followed, CHHC experienced a decline in its patient base, which led to substantial financial strain. In an effort to preserve jobs and maintain operations, leadership made several financial decisions under pressure. While well-intentioned, some of these decisions, particularly the accumulation of multiple loans, created additional financial challenges and reduced the company's overall stability. In 2025, CHHC filed for Chapter 11 bankruptcy protection to allow the company time to reorganize its financial obligations while continuing operations. Class V consists of General Unsecured claims. Claimants will share pro-rata in a minimum of $160,000 paid through quarterly distributions of $10,000 per quarter, commencing on the Effective Date. In addition, this Class shall share, prorata, in a payment equal to the Debtor's disposable income for the preceeding quarter. These payments shall commence on the Effective Date and continue quarterly for a period of 3 years. Class V is impaired. The allowed unsecured claims total $1,955,584.92. This Class will receive a distribution of 8.18% of their allowed claims. During the term of this Plan, the Debtor shall submit the disposable income (necessary for the performance of this plan to and shall pay to creditors the funds required by the terms of this plan. The term of this Plan begins on the date of a final, nonappealable Order confirming this Plan and ends on the 36th month for unsecured creditors but continues for secured creditors to the 60th month subsequent to that date. A full-text copy of the Amended Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=swTaZ9 from PacerMonitor.com at no charge. Counsel to the Debtor: Steven H. Greenfeld, Esq. Law Office of Steven H. Greenfeld, LLC 325 Ellington Boulevard, A#620 Gaithersburg, MD 20878 Telephone: (301) 881-8300 E-mail: Steveng@cohenbaldinger.com About Chesapeake Home Health Care Inc. Chesapeake Home Health Care, Inc., provides professional home health services in Maryland, including Charles, Prince George's, Montgomery, Calvert, St. Mary's, Howard, Baltimore, and Anne Arundel counties, through teams of skilled nurses, caregivers, and administrators. The Company offers a range of services such as skilled nursing care, pediatric care, personal care, senior and companionship care, private duty nursing, and respite care, delivering care in clients' homes. Its operations emphasize patient safety, infection control, and clinical quality management to support continuous care and reduce the risk of re-hospitalization. Chesapeake Home Health Care Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-21083) on Nov. 24, 2025. In its petition, the Debtor listed assets of $100,001 to $1 million, and liabilities of $1 million to $10 million. The case is handled by the Honorable Judge Maria Ellena Chavez-Ruark. The Debtor is represented by Steven H. Greenfeld, Esq., Law Offices of Steven H. Greenfeld, LLC. CIG MM: Seeks to Hire Goldberg Weprin Finkel Goldstein as Counsel ----------------------------------------------------------------- CIG MM LLC and MSUR MM LLC seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Goldberg Weprin Finkel Goldstein LLP as counsel. The firm will render these services: (a) provide the Debtor with all necessary representation in connection with this Chapter 11 case, as well as its responsibilities; (b) represent the Debtor in all proceedings before the U.S. Bankruptcy Court and the Office of the U.S. Trustee; (c) review, prepare and file all necessary legal papers on the Debtor's behalf; and (d) provide all other legal services required with respect to finalizing financing and negotiating a plan of reorganization. The firm will be paid at these hourly rates: Partner $635 - $865 Associate $495 - $620 Paralegal $85 - $125 In addition, the firm will seek reimbursement for expenses incurred. Prior to the Chapter 11 filing, the firm received a pre-petition retainer of $25,000 from the Debtors. J. Ted Donovan, Esq., an attorney at Goldberg Weprin Finkel Goldstein, 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: J. Ted Donovan, Esq. Goldberg Weprin Finkel Goldstein LLP 125 Park Avenue, 12th Floor New York, NY 10017 Telephone: (212) 221-5700 About CIG MM LLC CIG MM, LLC and its affiliate MSUR MM, LLC, jointly own, as tenants in common, a majority interest in a garden apartment complex located at 475 West Broadway A/K/A 69 Moon Manor Road, Monticello, New York 12701. CIG MM and MSUR MM sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 26-35306) on March 24, 2026. In its petition, CIG MM listed assets ranging from $1 million to $10 million and liabilities in the same range. Bankruptcy Judge Kyu Young Paek presides over the case. The Debtor is represented by J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein, LLP. COAST TO COAST: Seeks to Sell Laundry Business at Auction --------------------------------------------------------- Coast to Coast Palm LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell commercial laundry assets at auction, free and clear of liens, claims, interests, and encumbrances. No trustee or examiner has been appointed in the case. The Debtor operates a commercial laundry in West Palm Beach, Florida. The Debtor's assets include, but are not limited to, the following: a. the lease for the office space located at 1321 53rd Street, West Palm Beach, Florida; b. all fixed assets, including but not limited to, all furniture, equipment, devices and machines; c. all inventory, supplies, and raw materials; d. all intellectual property, registered or unregistered, including, but not limited to, all patents, trademarks, trade names, service marks, and copyrights; e. all proprietary information and material, including but not limited to, policies, procedures, manuals, and franchisee prospects; f. all improvements; g. accounts, general intangibles, and all business-related personal property Newtek Bank, N.A. holds a secured interest in the Assets. The Debtor proposes to sell all of its Assets free and clear of all liens, claims, and encumbrances. The Debtor anticipates that the sale will occur by way of an auction. The Debtor hires Tranzon Driggers as the auctioneer. At any time prior to or after the deadline for submitting qualified bids, the Debtor reserves the right to enter into stalking horse protection agreement with a potential buyer, subject to Court approval. The Debtor believes that a sale of the Assets, in lieu of a reorganization, will provide the greatest return to the creditors and the estate. The Debtor believes that a sale through an auction process will provide a framework for the Debtor to entertain qualified bids to obtain the highest and best offer for the Assets. The Debtor believes that an auction will increase the likelihood that the Debtor will receive the greatest possible consideration for the Assets. About Coast to Coast Palm Coast to Coast Palm, LLC, doing business as Coast to Coast Linen, provides commercial linen and textile rental and laundering services, supplying items such as uniforms and linens to business customers. The company operates from West Palm Beach, Florida, serving clients in the surrounding South Florida region. It operates within the industrial laundry and linen supply services industry. Coast to Coast Palm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10247) on Jan. 12, 2026. At the time of the filing, the Debtor listed between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Mindy A. Mora oversees the case. Craig I. Kelley, at Kelley Kaplan Delaney & Eller, PLLC, is the Debtor's legal counsel. COCORIO LLC: Diana Torres-Cancel Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Region 21 appointed Diana Torres-Cancel as Subchapter V trustee for Cocorio LLC. Ms. Torres-Cancel will be paid an hourly fee of $150 for her services as Subchapter V trustee and will be reimbursed for work related expenses incurred. A retainer of $2,000 is requested. Ms. Torres-Cancel declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. About Cocorio LLC Cocorio LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-03250) on July 15, 2026, with $100,001 to $500,000 in assets and up to $50,000 in liabilities. Jesus Enrique Batista Sanchez, Esq., at The Batista Law Group, Psc represents the Debtor as bankruptcy counsel. COGNITIVE ORGANICS: Seeks Subchapter V Bankruptcy in Ohio --------------------------------------------------------- On July 17, 2026, Cognitive Organics, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Ohio. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities owed to 1 to 49 creditors. Chapter 11 Subchapter V Small Business Plan Due October 15, 2026 About Cognitive Organics, LLC Cognitive Organics, LLC is a Bolivar, Ohio-based healthcare provider specializing in mental health counseling, neurofeedback therapy, and brain regulation services. The company offers Low Energy Neurofeedback System (LENS) treatments through school-based and community-based programs and operates facilities in Bolivar, Uhrichsville, and Akron, Ohio. Cognitive Organics, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-61053) on July 17, 2026. In its petition, the Debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. The Honorable Tiiara N.A. Patton handles the case. The Debtor is represented by Steven Heimberger, Esq., of Roderick Linton Belfance, LLP. CORLEY NISSAN: Court Vacates Default Judgment in DOWC, et al. Case ------------------------------------------------------------------ Judge Claire C. Cecchi of the U.S. District Court for the District of New Jersey granted the motion of Eddie B. Corley, Sr. and Gladys M. Corley to vacate the clerk's default judgment and set aside the clerk's entry of default in the case captioned as DOWC PROVIDER SERVICES, LLC and DOWC ADMINISTRATION SERVICES, LLC, Plaintiffs, v. CORLEY NISSAN, LLC, et al., Defendants, Case No. 23-cv-03642 (D.N.J.). The Clerk's Office is directed to re-open this matter. Plaintiffs sell and administer finance and insurance products for the automotive industry. In October 2020, Plaintiffs entered into a "Producer Agreement" with Corley Nissan, K&T, LLC ("K&T"), and Corley Automotive (together, the "Defendant Entities"), whereby they agreed to pay for and sell Plaintiffs' products. K&T was 100% owned by Kaul D. Corley, Sr. ("Kaul") -- one of the Corleys' children -- and Kaul's wife. The parties subsequently entered into additional agreements in December 2020 and December 2021 whereby the Defendant Entities would pay for and sell a minimum of Plaintiffs' products per quarter (the "Quarterly Minimum Requirement"), and Plaintiffs would advance expected profits from the sale of their products. According to the Complaint, Debora, Kaul, Eddie Sr., and Gladys personally guaranteed the Defendant Entities' payment to Plaintiffs "for any amounts due and owing" under these contracts. In December 2021, the Defendant Entities allegedly defaulted on the underlying agreement by failing to remit payment for sales of Plaintiffs' products and by failing to satisfy the Quarterly Minimum Requirement. As a result, Plaintiffs and the Defendant Entities entered into an amended agreement in February 2022 that both reduced the limit of the advance available to the Defendant Entities and reduced the Quarterly Minimum Requirement. Eddie Sr. and Gladys purportedly guaranteed the amended agreement personally. In May 2022, the Defendant Entities again defaulted under the amended agreement. Although Plaintiffs notified the Defendant Entities that they were in default, they did not remedy the issue. According to the Complaint, the Defendant Entities' repeated defaults resulted in Plaintiffs suffering damages of $1,957,235.02. Plaintiffs initiated this matter in July 2023 to recover these damages, including by asserting claims for breach of the personal guarantees against Eddie Sr. and Gladys. After filing this lawsuit, Plaintiffs attempted to serve Eddie Sr. and Gladys over the course of August and September 2023. On October 18, 2023, Plaintiffs filed both an affidavit of service and a request for an entry of default under Federal Rule of Civil Procedure 55(a), as all defendants had failed to appear. The clerk then entered a default against all defendants. Shortly thereafter, Plaintiffs moved for a clerk's entry of a default judgment under Rule 55(b)(1), asserting that such a judgment was proper as the damages they sought were for a sum certain. The clerk then entered a default judgment in favor of Plaintiffs that provided that defendants, including Eddie Sr. and Gladys, were jointly and severally liable for approximately $2 million in damages and costs. Motion to Vacate the Default Judgment Under Rule 60(b)(4) Although Plaintiffs' efforts to personally serve Eddie Sr. and Gladys failed, they contend that service was still proper for three reasons. First, Plaintiffs assert that Kaul affirmatively represented that he could accept service on his parents' behalf and then did so over email. Second, they contend that they properly served Eddie Sr. and Gladys by mail. Third, Plaintiffs argue that Eddie Sr. and Gladys were on notice of this litigation and the default judgment through Corley Nissan's bankruptcy proceedings. The Court finds Plaintiffs have failed to meet their burden to show that service of process was proper under any of these methods. According to the Court, any notice to Eddie Sr. and Gladys as a result of the Corley Nissan bankruptcy proceedings does not rectify the otherwise ineffective attempts at service of process. And given that Plaintiffs have failed to show that they effectuated proper service on Eddie Sr. and Gladys, the default judgment is void against them. Plaintiffs further argue that Eddie Sr. and Gladys unreasonably delayed bringing this motion, which they filed slightly under two years after the entry of the default judgment. The Court finds the circumstances in this show that the Corleys moved within a reasonable time to vacate the default judgment. They assert that they were never properly served, are elderly, and in poor health. Accordingly, the Corleys' motion to vacate the default judgment is granted. Motion to Set Aside the Default Under Rule 55(c) The Corleys also move to vacate the default under Rule 55(c) for good cause. A court may set aside a default in its discretion by weighing: (1) whether the plaintiff will be prejudiced; (2) whether the defendant has a meritorious defense; and (3) whether the default was the result of the defendant's culpable conduct. Plaintiffs have not shown that they will be prejudiced if the Court sets aside the default. The Court says Plaintiffs put forth no indication that they would be materially impaired because evidence was lost in the two and a half years since the default was entered. According to the Court, the Corleys have a meritorious defense. The Corleys provide sufficient assertions that they did not sign or authorize anyone to sign on their behalf the guarantees at issue. The Court finds the Corleys were not culpable in the entry of the default against them. There is no indication that the Corleys' failure to appear at the outset of this litigation was willful or in bad faith. Accordingly, this factor weighs in favor of setting aside the default. In sum, all three factors support setting aside the default. Thus, for good cause shown, the Court will grant the Corleys' motion under Rule 55(c). A copy of the Court's Opinion & Order dated July 16, 2026, is available at https://urlcurt.com/u?l=7GNxoZ from Pacermonitor.com. About Corley Nissan Corley Nissan is an automotive dealer in Gallup, New Mexico. Corley Nissan, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.M. Case No. 23-10975) on Oct 31, 2023, listing $50,001 to $100,000 in assets and $1,000,001 to $10 million in liabilities. Judge Robert H Jacobvitz oversees the case. Christopher M Gatton, Esq. at Giddens & Gatton Law, P.C., is the Debtor's counsel. CRYO-CELL INT'L: Liabilities Exceed Assets by $17.8M at May 31 -------------------------------------------------------------- Cryo Cell International Inc.'s stockholder's deficit was US$17.8 million at May 31, 2026. The stockholder's deficit was US$18.6 million at Nov. 30, 2025. At May 31, 2026, the Company had total assets of US$60.7 million and total liabilities of US$78.5 million. At Nov. 30, 2025, the Company had total assets of US$61.7 million and total liabilities of US$80.3 million. The Company reported that at May 31, 2026, it had cash and cash equivalents of $507,302 compared to $319,031 at Nov. 30, 2025. It stated that prior to its loans, its principal source of cash has been from sales of its umbilical cord blood program to customers and royalties from licensees. For the six months ended May 31, 2026, the Company said: "Net cash provided by operating activities for the six months ended May 31, 2026 was $2,497,738 which was attributable to the Company's operating activities." Net cash from investing activities for the same period was $54,143, and net cash used in financing activities was $2,363,610, which the Company stated was primarily attributable to $1,200,000 of proceeds from the Susser Bank line of credit offset by $3,586,860 of payments to partially repay the Susser Bank note payable and line of credit and $23,250 of proceeds from the exercise of stock options. The Company described a Credit Agreement with Susser Bank providing an unsecured revolving credit facility originally up to $10,000,000 and a term loan of $8,960,000. As of May 31, 2026, the revolving line of credit balance was $0, and following an Oct. 18, 2025 amendment, the revolving credit commitment was reduced to $8,000,000, the RCF maturity date was extended to Oct. 18, 2027, and the Term Note maturity date was extended to July 29, 2032. The Company stated that "The Loans bear interest, at the Company's option, at either (a) a base rate... (in each case, subject to a floor of 5.50%), plus 4.25%, or (b) the Monthly SOFR rate plus 3.25% (subject to a floor of 4.50%)." Under the Amendment, it reported that margins on the term and revolving loans were revised, and that a 0.25% per annum commitment fee applies to the revolving credit commitments. The Company also reported interest expense of $904,626 for the six months ended May 31, 2026, including amounts related to the Susser Bank agreements and to revenue sharing agreements based on storage revenue collected. Regarding future funding and going concern, the Company stated: "The Company anticipates that its cash and cash equivalents, marketable securities and cash flows from operation, together with external sources of capital will be sufficient to fund its known cash needs for at least the next 12 months." It further disclosed that, depending in part on the outcome of the Duke Arbitration Demand, it may require capital for startup expenses relating to its planned infusion clinic, to finance clinical trials related to the Duke License Agreement, to develop biopharmaceutical manufacturing capabilities, and for capital expenditures, and that "There can be no assurances that the Company will be able to obtain such additional debt or equity financing on favorable terms or at all." A full-text copy of the Form 10-Q is available at https://tinyurl.com/55wueda5 About Cryo-Cell International Cryo-Cell International, Inc. (NYSE American: CCEL) specializes in cellular processing and cryogenic storage, primarily focusing on the collection and preservation of umbilical cord blood stem cells for family use. It operates through three segments: cellular processing and storage, manufacturing of PrepaCyte CB units, and public cord blood banking, serving customers in the United States and internationally. The Company generates revenue from processing and storage fees, sales of PrepaCyte CB units, and licensing agreements related to its cord blood stem cell programs. CUGINO'S PENNINGTON: Retains Ansell Grimm & Aaron as Counsel ------------------------------------------------------------ Cugino's Pennington LLC d/b/a Boro Restaurant & Bar seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Ansell Grimm & Aaron, P.C. as bankruptcy counsel. The firm will provide these services: (a) advise the Debtor of its rights, powers, and duties as a Debtor-in-Possession in continuing to operate and manage its business and assets; (b) advise and consult Debtor on the conduct of this Chapter 11 case, including all of the legal and administrative requirements of operating in Chapter 11; (c) attend meetings and negotiations with representatives of creditors and other parties-in-interest; (d) take all necessary actions to protect and preserve Debtor's estate; (e) review the nature and validity of agreements relating to Debtor's business and property and advise the Debtor in connection therewith; (f) review the nature and validity of liens, if any, asserted against Debtor and advise as to the enforceability of such liens; (g) advise Debtor concerning the actions Debtor might take to collect and recover property for the benefit of its estate; (h) prepare on Debtor's behalf all necessary and appropriate applications, pleadings, orders, notices, petitions, schedules, and other documents, and review all financial and other reports to be filed in the Debtor's Chapter 11 case; (i) advise Debtor concerning, and preparing responses to, applications, pleadings, notices, and other papers which may be filed in the Debtor's Chapter 11 case; (j) represent Debtor in connection with obtaining authority to continue using cash collateral and post-petition financing; (k) appear before the Court and any appellate courts to represent the interests of Debtor's estate; (l) advise Debtor in connection with any potential sale of assets; (m) counsel Debtor in connection with formulation, negotiation and promulgation of a Chapter 11 Plan; (n) litigation with respect to competing plans; and (o) perform any other legal services for and on behalf of the Debtor which may be necessary or appropriate in the administration of its Chapter 11 case. The firm's current hourly rates are: Partners at $475 to $525 Associates at $275 to $440 Paralegals at $175, and Law Clerks at $125. The firm also charges an additional 4.2% charge for bills photocopying, telephone, postage, courier fees, and other necessary charges. Ansell Grimm & Aaron, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm does not have or represent any known interest adverse to Cugino's Pennington LLC, its creditors, or its estate. The firm can be reached at: Anthony J. D'Artiglio, Esq. Nicole A. Benis, Esq. Joseph M. Carusone, Esq. ANSELL GRIMM & AARON, P.C. 365 Rifle Camp Road Woodland Park, NJ 07424 Telephone: (973) 247-9000 Facsimile: (973) 247-9199 E-mail: adartiglio@ansell.law nbenis@ansell.law jcarusone@ansell.law About Cugino's Pennington LLC Cugino's Pennington LLC is a Pennington, New Jersey-based full-service restaurant and bar. According to its bankruptcy filing, the company operates a full-service dining establishment, with its primary business location identified in Woodland Park, New Jersey. Court records do not specify the reasons for the Chapter 11 filing. Cugino's Pennington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17656) on July 1, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Joe Carusone, Esq. and Nicole Arianna Benis, Esq., at Ansell Grimm & Aaron, P.C. CYCLERION THERAPEUTICS: Peter M. Hecht Holds 19.4% Equity Stake --------------------------------------------------------------- Peter M. Hecht, disclosed in a Schedule 13D (Amendment No. 8) filed with the U.S. Securities and Exchange Commission that as of July 16, 2026, he beneficially owns 910,240 shares of Common Stock -- held with sole voting and sole dispositive power, reflecting the forfeiture of options to purchase 110,984 shares of Common Stock and the conversion of 351,037 shares of non-voting Series A Convertible Preferred Stock into 351,037 shares of Common Stock on July 16, 2026 -- of Cyclerion Therapeutics, Inc.'s Common Stock, no par value, representing 19.4% based on 4,681,351 shares of Common Stock outstanding, consisting of (a) 4,330,314 shares outstanding as of June 30, 2026, as reported in the Company's Registration Statement on Form S-4 filed with the Securities and Exchange Commission on July 10, 2026, and (b) the issuance of 351,037 shares of Common Stock on July 16, 2026 upon conversion of 351,037 shares of Preferred Stock at the election of the Reporting Person. Peter M. Hecht may be reached through: Peter M. Hecht Cyclerion Therapeutics, Inc. 245 First Street, Riverview II, 18th Floor Cambridge, MA 02142 Tel: (857) 338-3348 A full-text copy of Peter M. Hecht's SEC report is available at https://tinyurl.com/mrbnbnb9 About Cyclerion Therapeutics, Inc. Cyclerion Therapeutics, Inc. is a biopharmaceutical company focused on identifying, developing, and delivering promising therapies for central nervous system (CNS) diseases. Boston, Massachusetts-based Ernst & Young LLP, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses from operations, has limited financial resources, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $8.5 million in total assets, $1.7 million in total liabilities (current), and $6.8 million in total stockholders' equity. CYMI INDUSTRIAL: Seeks to Tap Re/Max United as Real Estate Broker ----------------------------------------------------------------- CYMI Industrial Incorporated seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Re/Max United Commercial Real Estate as real estate broker. The Debtor needs an agent to market and sell its property located at 5315 Greenwood Road, Shreveport, Louisiana. The firm will receive a commission of 7 percent of the sale price of the property. John Lorick, a real estate agent at Re/Max United Commercial Real Estate, 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 M. Lorick Re/Max United Commercial Real Estate 425 Ashley Ridge Suite 380 Shreveport, LA 71106 About CYMI Industrial Inc. CYMI Industrial, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-33373) on May 12, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 to $500,000 and liabilities of between $100,001 to $500,000. Judge Eduardo V. Rodriguez oversees the case. Seyfarth Shaw LLP is Debtor's legal counsel. D & D VENTURE: Seeks to Hire Fox Rothschild as Bankruptcy Counsel ----------------------------------------------------------------- D & D Venture Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Fox Rothschild LLP as counsel. The firm's services include: (a) advise the Debtor of its rights and obligations and performance of its duties during administration of this Bankruptcy Case; (b) attend meetings and negotiations with other parties in interest; (c) take all necessary actions to protect and preserve the Debtor's estate; (d) seek this Court's approval and confirmation of a plan of reorganization, the accompanying disclosure statement (if any), and all papers and pleadings related thereto and in support thereof and attend court hearings related thereto; (e) represent the Debtor in all proceedings before this Court or other courts of jurisdiction in connection with this Bankruptcy Case; (f) assist the Debtor in developing legal positions and strategies with respect to all facets of this proceeding; (g) prepare on the Debtor's behalf necessary legal papers; and (h) perform all other legal services for the Debtor in connection with this Bankruptcy Case and other general corporate and litigation matters, as may be necessary. The firm will be paid at these hourly rates: Keith Owens, Partner $1,125 Martha Chovanes, Partner $1,245 Howard Cohen, Partner $955 Edward Tredinnick, Counsel $875 Stephanie Slater Ward, Associate $720 Patricia Chlum, Sr. Paralegal $465 Angela Hosey, Paralegal $310 In addition, the firm will seek reimbursement for expenses incurred. Before the Petition Date, the Debtor provided the firm with a retainer totaling $290,762.50. Mr. Owens 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: Keith Owens, Esq. Fox Rothschild LLP 345 California Street, Suite 2200 San Francisco, CA 94104 Telephone: (415) 364-5540 Facsimile: (415) 391-4436 Email: kowens@foxrothschild.com About D & D Venture Group Inc. D & D Venture Group, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30496) on June 4, 2026. In the petition signed by Damon Pham, secretary and chief financial officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge William J. Lafferty oversees the case. The Debtor tapped Edward J. Tredinnick, Esq., at Fox Rothschild LLP as counsel and Mac Restructuring Advisors, LLC as financial advisor. D & D VENTURE: Seeks to Tap Mac Restructuring as Financial Advisor ------------------------------------------------------------------ D & D Venture Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Mac Restructuring Advisors, LLC as financial advisor. The firm will provide these services: (a) review the Debtor's historic financial performance; (b) work with the Debtor to develop a set of financial projections based upon its current level of operations as well as various restructuring alternatives; (c) assist the Debtor and counsel in proposing possible debt restructuring for the variety of creditors; (d) assist the Debtor and counsel in developing both out-of-court and formal court supervised restructuring alternatives; (e) work with the Debtor and counsel in preparing the Debtor to file for Chapter 11, if necessary; (f) provide Chapter 11 consulting services, if necessary, and (g) perform other services the Debtor may deem appropriate and as agreed to by Mac. The firm's managing directors will be paid at an hourly rate of $450, plus reimbursement. Before the Petition Date, the Debtor provided the firm with a retainer totaling $15,000. Damon Pham and Edward Burr, managing directors at Mac Restructuring Advisors, 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: Damon Pham Edward M. Burr Mac Restructuring Advisors, LLC 10191 E. Shangri La Rd. Scottsdale, AZ 85260 Telephone: (602) 418-2906 About D & D Venture Group Inc. D & D Venture Group, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30496) on June 4, 2026. In the petition signed by Damon Pham, secretary and chief financial officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge William J. Lafferty oversees the case. The Debtor tapped Edward J. Tredinnick, Esq., at Fox Rothschild LLP as counsel and Mac Restructuring Advisors, LLC as financial advisor. DEL RAY II: Seeks to Extend Plan Exclusivity to Sept. 21 -------------------------------------------------------- Del Ray II LLC asked the U.S. Bankruptcy Court for the Western District of Washington to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 21 and Nov. 20, 2026, respectively. The Debtor anticipates moving this Court for an order to sell substantially all of Debtor's assets pursuant to Section 363(b) of the Bankruptcy Code (the "Potential Sale"). The Debtor is still in the process of finalizing the terms of the Potential Sale. Should the Potential Sale close as anticipated, the Debtor anticipates that there will be sufficient cash to pay all claims. The Debtor believes that cause exists to extend the exclusivity period because the Debtor is finalizing the terms of the Proposed Sale. This is the first request to extend the Exclusivity Deadline, and the case has not been pending for a long time, as it was filed on March 25, 2026. The Debtor claims that it moves for an extension of the exclusivity period in good faith as it is making progress in negotiating with a potential buyer and its secured lenders. Debtor is not seeking an extension to pressure creditors, nor is it depriving creditors of material and relevant information. The Debtor asserts that it has not yet proposed a plan but is making good progress in negotiating a resolution in the form of the Proposed Sale that will benefit creditors and likely result in full satisfaction of claims. Should the Potential Sale not come into fruition as anticipated, Debtor will be prepared to propose a plan of reorganization by the extended deadline. Del Ray II LLC is represented by: Timothy J. Conway, Esq. Michael W. Fletcher, Esq. Zoe Habekost, Esq. Tonkon Torp LLP 1300 SW 5th Ave., #2400 Portland, OR 97201 Tel: (503) 802-2089 Email: tim.conway@tonkon.com Email: michael.fletcher@tonkon.com Email: zoe.habekost@tonkon.com About Del Ray II LLC Debtor Del Ray II LLC owns and operates a manufactured housing community in Longview, Washington. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-40834) on March 25, 2026. In the petition signed by Brooke Torres, manager, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Mary Jo Heston oversees the case. Timothy J. Conway, at Tonkon Torp LLP, is serving as the Debtor's legal counsel. DESERT ROSE: Seeks to Hire Richard S. Feinsilver as Legal Counsel ----------------------------------------------------------------- Desert Rose Holdings Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ the law firm of Richard S. Feinsilver, Esq., as counsel. The firm's services include: (a) prepare and file Chapter 11 schedules and statements; (b) negotiate with creditors, if any; (c) attend at all Section 341(a) Meetings with Creditors and U.S. Trustee; (d) preparation of Plan; (e) attend at all hearings; and (f) review of monthly Financial Statements - status conferences with the Debtor; and (g) post confirmation conferences with Trustee. The firm will be paid at these hourly rates: Richard Feinsilver, Attorney $500 Legal Assistant $100 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $10,000, plus a filing fee of $1,738 from the Debtor. Mr. Feinsilver 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: Richard S. Feinsilver, Esq. Law Office of Richard S. Feinsilver, Esq. 1400 Old Country Road, Suite 315 Westbury, NY 11590 Telephone: (516) 873-6330 Facsimile: (516) 873-6183 Email: feinlawny@yahoo.com About Desert Rose Holdings Inc. Desert Rose Holdings Inc. is a Farmingdale, New York-based residential real estate lessor associated with a multifamily property at 232A Putnam Avenue in Brooklyn. Desert Rose Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43247) on July 2, 2026. In the petition signed by Ronald B Losner, president, the Debtor disclosed total assets of $2,950,000 and total liabilities of $2,092,500. Judge Elizabeth S. Stong presides over the case. The Law Office of Richard S. Feinsilver, Esq. represents the Debtor as counsel. DIESEL DEVELOPMENT: Claims to be Paid from Income ------------------------------------------------- Diesel Development Systems, LLC, filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a Disclosure Statement to accompany Amended Plan dated July 10, 2026. The Debtor is a holding company leasing real property to the operating entity, Diesel Edge Training Academy DBA Diesel Sports Complex. The Debtor is a business operating in the Commonwealth of Pennsylvania. The Debtor currently operates in Pennsylvania is headquartered in Cranberry Township, PA. At the time of filing, Debtor had no employees. The Debtor initiated this case to restructure its secured debts after an extended period of difficulty maintaining loan payments due to increased interest rates resulting from additional projects. The Debtor will continue to operate in conjunction with a confirmed Plan of reorganization. The Plan is to be implemented by the reorganized Debtor through improved collection of rent payments, together with a reduction in costs and expenses. State source of funds for planned payments, including funds necessary for capital replacement, repairs, or improvements will be derived from Debtor's Income. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=7acpN2 from PacerMonitor.com at no charge. Diesel Development Systems LLC is represented: Brian C. Thompson, Esq. Thompson Law Group, PC 301 Smith Drive, Suite 6 Cranberry Township, PA 16066 Telephone: (724) 799-8404 Facsimile: (724) 799-8409 E-mail: bthompson@thompsonattorney.com About Diesel Development Systems Diesel Development Systems, LLC, operates the Diesel Sports Complex, a sports and training facility located in Cranberry Township, Pennsylvania. The Company owns the 9043 Marshall Road property, which features indoor and outdoor turf fields used for athletic training and recreational events. Diesel Development Systems is classified under the amusement and recreation industry and conducts business primarily in western Pennsylvania. Diesel Development Systems filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22796) on Oct. 17, 2025, listing up to $10 million in both assets and liabilities. Brian C. Thompson, at Thompson Law Group, PC, is serving as the Debtor's counsel. DIOCESE OF BURLINGTON: Sale Approval Hearing Scheduled for Aug. 28 ------------------------------------------------------------------ The Roman Catholic Diocese of Burlington, Vermont (the "Diocese"), which filed a chapter 11 bankruptcy case on September 30, 2024, currently pending in the United States Bankruptcy Court for the District of Vermont (the "Bankruptcy Court") as Case No. 24-10205, has entered into an agreement to sell the real property known as Rice Memorial High School, together with certain associated personal property, located at 99 Proctor Avenue, South Burlington, Vermont 05403, for a purchase price of $4,300,000. A hearing to consider approval of the proposed sale will be held on August 28, 2026, at 11:00 a.m. (Eastern Time) via Zoom before the Bankruptcy Court. The Diocese is willing to consider higher and better offers for the property. Any party interested in obtaining additional information regarding the sale or submitting a competing offer may contact Katherine Nixon, knixon@fredlaw.com. Any competing offers must be received on or before August 24, 2026. The proposed sale is subject to Bankruptcy Court approval and the terms and conditions set forth in the applicable purchase and sale agreement and any order approving the sale. About Roman Catholic Diocese of Burlington The Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, P.A. as bankruptcy counsel and Obuchowski Law Office as local counsel. DIOCESE OF CAMDEN: Hires Kenneth L. Baum as Legal Representative ---------------------------------------------------------------- The Diocese of Camden, New Jersey seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Law Offices Kenneth L. Baum, LLC as legal representative. The firm will represent the interests of unknown abuse claimants. Kenneth Baum, Esq. disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kenneth Baum, Esq. Law Offices of Kenneth L. Baum, LLC 201 W Passaic St Suite 104 Rochelle Park, NJ 07662 About The Diocese of Camden, NJ The Diocese of Camden, New Jersey is a nonprofit religious corporation organized pursuant to Title 16 of the Revised Statutes of New Jersey. The Diocese is the secular legal embodiment of the Roman Catholic Diocese of Camden, a juridic person recognized under Canon Law. The Diocese of Camden sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 20-21257) on Oct. 1, 2020. The petition was signed by Reverend Robert E. Hughes, vicar general and vice president. At the time of the filing, the Debtor had total assets of $53,575,365 and liabilities of $25,727,209. Judge Jerrold N. Poslusny, Jr. oversees the case. McManimon, Scotland & Baumann, LLC is the Debtor's legal counsel. DISTINCTIVELY OUTDOORS: Retains Loffredo and Loffredo as Accountant ------------------------------------------------------------------- Distinctively Outdoors, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Loffredo and Loffredo, LLC to serve as accountants. The firm will provide these services: (a) prepare and file outstanding tax returns for the several years pre-petition; and (b) perform all other necessary related services as may be requested by the Debtor. Michael Loffredo, Esq.'s proposed hourly rate is $250 and junior personnel's proposed hourly rate is $150. Loffredo and Loffredo, LLC disclosed that it provided prepetition services to the Debtor and is owed $24,366.79 as of the commencement of this case. Upon entry of an order approving Loffredo's retention, Loffredo will waive $14,367.79 of its claim so as to avoid the threshold for disqualification under section 1195 of the Bankruptcy Code. Loffredo and Loffredo, LLC is a "disinterested person" under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Michael Loffredo LOFFREDO AND LOFFREDO, LLC 322 US-46 #250e Parsippany, NJ 07054 About Distinctively Outdoors Inc. Distinctively Outdoors is an outdoor living design and retail showroom based in Parsippany, New Jersey. The company offers products and solutions for residential outdoor spaces, including hot tubs, pergolas, outdoor kitchens, grills and appliances, fire features, patio furniture, and decking materials. It operates a showroom where customers can view and select outdoor living products and works with homeowners on the planning and design of customized backyard environments. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12693) on March 11, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. John Belzel, sole shareholder, signed the petition. Judge Stacey L Meisel oversees the case. Douglas J. McGill, Esq., at Webber McGill, LLC represents the Debtor as legal counsel. DOLPHIN SHORES: Seeks to Hire J.C. Hearne II as Special Counsel --------------------------------------------------------------- Dolphin Shores Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ J.C. Hearne, II, Attorney at Law as special counsel. The firm will provide advice, negotiate, and draft an agreement to transfer the amenities for Building F, a 24-unit condominium complex to the Dolphin Shores Condominium Association ("Homeowners Association"). The firm will be paid at these hourly rates: J.C. Hearne, II, Attorney $375 Paralegals and Law Clerks $110 In addition, the firm will seek reimbursement for expenses incurred. Mr. Hearne II 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: J.C. Hearne, II, Esq. J.C. Hearne, II, Attorney at Law 265 Racine Dr., Ste. 104 Wilmington, NC 28403 About Dolphin Shores Investments Dolphin Shores Investments LLC is a single asset real estate company in Wilmington, N.C. Dolphin Shores Investments sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-04467) on November 9, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Clayton W. Cheek, Esq., at Cheek Legal, PLLC. DOMO INC: Raises Going Concern Doubt After Debt Covenant Default ---------------------------------------------------------------- Domo, Inc. disclosed in its Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, filed with the Securities and Exchange Commission, that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of $14.2 million for the three months ended April 30, 2026, compared with a net loss of $18.1 million for the same period in 2025. Total revenue was $79.4 million for the three months ended April 30, 2026, compared with $80.1 million in the prior-year period. Going Concern The condensed consolidated financial statements were prepared in accordance with U.S. GAAP, assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company said it has incurred recurring losses from operations, including a net loss of $14.2 million for the three months ended April 30, 2026. As of that date, it had an accumulated deficit of approximately $1.56 billion and a total stockholders' deficit of $186.3 million. The Company's credit facility, which is secured by substantially all of the Company's assets, contains financial covenants that include a minimum annualized recurring revenue covenant and a minimum trailing twelve-month consolidated EBITDA covenant, each tested quarterly, and a minimum liquidity covenant tested monthly. As of April 30, 2026, the Company was not in compliance with the minimum annualized recurring revenue covenant. As a result of the covenant default, the Company's lenders have the right to declare the outstanding balance of $136.6 million of principal and related fees immediately due and payable. Accordingly, the related term loan and associated fees have been classified as a current liability as of April 30, 2026. The Company had cash and cash equivalents of $39.1 million as of April 30, 2026, which would not be sufficient to repay the term loan upon any such acceleration. As such, substantial doubt exists about the Company's ability to continue as a going concern within the next 12 months. Forbearance Agreement and Strategic Transaction In connection with the covenant noncompliance, the Company entered into a forbearance agreement with its lenders, under which the lenders agreed to forbear from exercising their rights and remedies with respect to the noncompliance and certain other specified and anticipated defaults during a limited forbearance period, subject to certain conditions. The forbearance does not waive the underlying default and does not change the classification of the term loan, which remains a current liability, and upon its expiration the lenders may exercise their rights and remedies, including acceleration. The forbearance period is contingent on the Company's pursuit and completion of a strategic transaction, including the Company's entry into a definitive purchase agreement by July 31, 2026, and the completion of a transaction no later than Nov. 30, 2026. The Company said it is in advanced negotiations regarding a potential transaction. While substantial progress has been made, no definitive agreement has been executed, and there can be no assurance that any transaction will result from these discussions. If negotiations continue to progress successfully, the Company anticipates that a potential transaction could be announced in the near term. Management's Plans Management's plans to address the going concern conditions are primarily focused on completing the potential strategic transaction.The Company also has access to an at-the-market equity offering program under which it may sell up to $150 million of its Class B common stock. However, management noted that completion of the potential transaction and the Company's ability to raise capital under the at-the-market program depend on factors outside its control, including the actions of lenders, potential counterparties, investors, and market conditions. As a result, management concluded that these plans do not alleviate the substantial doubt about the Company's ability to continue as a going concern. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/3kb9h528 About Domo, Inc. Domo, Inc. provides a cloud-based platform that digitally connects everyone from the CEO to the frontline employee with all the data, systems, and people in an organization, giving them access to real-time data and insights and allowing them to put data to work for everyone so they can multiply their impact on the business. The Company is incorporated in Delaware. The Company's headquarters is in American Fork, Utah, and the Company has subsidiaries in the United Kingdom, Australia, Japan, Hong Kong, Singapore, New Zealand, Canada, and India. As of April 30, 2026, the Company had $196.6 million in total assets, $382.9 million in total liabilities, and $186.3 million in total stockholders' deficit. EAD CONSTRUCTORS: Updates Liquidating Plan Disclosures ------------------------------------------------------ EAD Constructors, Inc. submitted a Disclosure Statement in support of Plan of Liquidation dated July 10, 2026. Constructors' projected sources and uses through the completion of the FedEx Contracts are summarized in the Liquidation Budget, which will be filed as a Supplement to the Disclosure Statement. Based on current projections, Constructors anticipates net distributable proceeds of between $200,000 to $500,000, before payment on the Secured Claim, any distributions to Class 2 creditors and before any recovery from the Corbion Project Litigation. Constructors notes that the Liquidation Budget includes approximately $873,000 in revenue attributable to a pending change order on the FedEx SPSS Contract, which has been approved by Federal Express Corporation but not yet executed. To date, Constructors has received every indication the change order will be executed, but no assurance can be given. As noted in the Schedules, Constructors also had some accounts receivable as of the Petition Date, totaling approximately $191,000. This entire amount has been received. All current accounts receivable related to the FedEx Contracts are expected to be collected, absent a default notice from FedEx. The remainder of the accounts receivable identified on the schedules are owed by creditor, Corbion. The collectability of those amounts will be determined through the Arbitration. Though subject to daily change, any amounts collected on these accounts will be used to carry out and make distributions under the Plan. Constructors is currently managed by Stephen Lichter, who is assisted by Chief Financial Officer, Brian Klausen. Constructors shall continue to be managed by both individuals for the purposes of Constructors undertaking its duties and obligations under this Plan and completing the liquidation proposed thereunder. A Liquidating Trustee shall be appointed for the purpose of investigating and pursuing all Causes of Action against Related Entities, including collection of the Notes Receivable. Like in the prior iteration of the Plan, the Allowed Amount of Allowed Unsecured Claims held by Unsecured Creditors shall be determined by the amount set forth in Constructors' Schedules, any timely proofs of claim filed in this Bankruptcy Case, or final order of the Bankruptcy Court (the "Allowed Class 2 Claims"). Unless any submitted Unsecured Claim is subject to an objection or is a Disputed Claim, in the event there is a discrepancy between the amount of an alleged claim contained in Constructors' Schedules and a timely proof of claim filed by an Unsecured Creditor, the Allowed Amount of such Unsecured Creditor's Unsecured Claim shall be determined by any timely filed proof of claim. Each holder of an Allowed Class 2 Claim will be paid its Pro Rata share from the Claims Distribution Fund. Classes One through Three will be paid from the collection and liquidation of Constructors remaining and undistributed encumbered and unencumbered property of any kind of Constructors' Chapter 11 Estate, as defined in Section 541 of the Bankruptcy Code, including the Cause of Action Recoveries, in accordance with this Plan (the "Assets"). Upon entry of the Confirmation Order, Constructors will continue to manage its business affairs for the purpose of pursuing and liquidating its Assets until such time as the Fed-Ex Contracts currently in effect are not either completed or not renewed by Federal Express Corporation. Upon the expiration of the final Fed-Ex Contract, Constructors shall, within a reasonable time period, make distributions as called for in the Plan, and wind down its affairs. Constructors shall continue to be managed by its existing manager for the purposes of Constructors undertaking its duties and obligations under this Plan. Constructors has not obtained a tax opinion at this time and therefore expresses no opinion as to the tax consequences of confirmation or implementation of the Plan to the holder of any Claim or Interest. Constructors is considered a "disregarded" entity for tax purposes. Constructors is not aware of any federal tax consequences of the Plan to Constructors in this case. However, to the extent any such consequences exist, they shall be reported and paid by Constructor’s parent company, EAD, Inc. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=2xVoaB from PacerMonitor.com at no charge. EAD Constructors Inc. is represented by: Lauren R. Goodman, Esq. James J. Niemeier, Esq. Donald (DJ) Rison, Jr., Esq. McGrath North Mullin & Kratz, PC LLO First National Tower, Suite 3700 1601 Dodge Street Omaha, NE 68102 Telephone: (402) 341-3070 Facsimile: (402) 341-0216 E-mail: jniemeier@mcgrathnorth.com lgoodman@mcgrathnorth.com drison@mcgrathnorth.com About EAD Constructors Inc. EAD Constructors, Inc., a company based in Omaha, Nebraska, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Case No. 25-81134) on Oct. 21, 2025. At the time of the filing, the Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $10 million and $50 million. Judge Brian S. Kruse oversees the case. McGrath North Mullin & Kratz, PC, LLC, serves as the Debtor's legal counsel. EEW AMERICAN: Seeks to Hire A.J. Willner Auctions as Auctioneer --------------------------------------------------------------- EEW American Offshore Structures, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ A.J. Willner Auctions, LLC as auctioneer. The firm will provide these services: (a) market through various channels; (b) prepare and stage inventory; (c) manage all auction logistics and payment collection; and (d) use best efforts to maximize the sale of all assets. The firm will receive a commission of 8 percent of the gross auction proceeds and 15 percent of buyer's premium. The firm represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged. The firm can be reached at: A.J. Willner Auctions, LLC 81 Hamburg Turnpike Riverdale, NJ 07457 About EEW American Offshore Structures Inc. EEW American Offshore Structures Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-13901) on April 8, 2026. In the petition signed by Tom Pratt, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Jerrold N. Poslusny, Jr. oversees the case. Brett S. Theisen, Esq., at Connell Foley LLP, represents the Debtor as counsel. DiScho Vermogensverwaltung GmbH & Co. KG, as DIP Lender, is represented Ericka F. Johnson, Esq. at BAYARD, P.A. ELECTRONIC LAB: Seeks to Tap Bagchi Group as Financial Advisor -------------------------------------------------------------- Electronic Lab Logs, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Bagchi Group, Inc. as financial advisor. The firm will provide these services: (a) review the financial statements and sales reports to better understand the Debtor's financial history; (b) review the Debtor's forecast model; (c) meet the chief executive officer (CEO) to discuss the financial statements, forecast model, and current payroll process; (d) provide summary report with recommendations to improve financial reporting, improve forecasting model, and propose potential changes to payroll process. The firm's counsel will be paid at these hourly rates: Timothy DeBone, Member $250 Stephen Thompson, Member $100 Mr. DeBone 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: Timothy A. DeBone Bagchi Group, Inc. Suite 212, 510 Meadowmont Village Cir. Chapel Hill, NC 27517 About Electronic Lab Logs Inc. Electronic Lab Logs, Inc. operates LabLogs, a provider of laboratory operations software used to track maintenance tasks, quality control, lots, reagents, service reports, and related documentation across lab networks. It is based in Wilmington, North Carolina, and its platform supports real-time tracking, automated alerts, centralized records, remote access, and performance dashboards. LabLogs serves laboratories worldwide by helping teams manage compliance records, reduce documentation errors, streamline workflows, and maintain inspection readiness. Electronic Lab Logs filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02957) on July 1, 2026, with $1,648,215 in assets and $2,498,674 in liabilities. Brian Fox, chief executive officer, signed the petition. Judge David M. Warren presides over the case. The Debtor tapped John A. Northen, Esq., at Northern Blue, LLP as bankruptcy counsel; Justyn J. Kasierski, Esq., at Hutchison, PLLC as special counsel; and Timothy A. DeBone at Bagchi Group, Inc. as financial advisor. John Rhyne serves as Subchapter V trustee for the Debtor. ELITE INVESTMENTS: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- Elite Investments Capital, LLC asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to use cash collateral and provide adequate protection. Prior to filing the request, the Debtor's counsel communicated with counsel for its secured lender, RMR Homes Vickery, LLC, regarding the proposed use of cash collateral and the turnover of collected rental income, and the parties continue working toward a consensual cash collateral agreement pending a court hearing. The Debtor's business consists of owning the land beneath approximately 50 mobile homes, collecting lot rental income, recovering utility costs, and maintaining the property. The Debtor indicates it intends to file a Chapter 11 plan that would provide for repayment of all allowed secured claims over time while also providing a meaningful distribution to unsecured creditors. The Debtor's principal secured creditor is RMR Homes Vickery, LLC, whose collateral includes both the mobile home park and the rental income generated by the property. The Debtor values the mobile home park at approximately $800,000, while the lender holds a promissory note dated December 26, 2023, with an original principal balance of $1.125 million and claims an outstanding balance of approximately $1,127,091. According to the Debtor, the bankruptcy filing followed the lender's foreclosure action, which was initiated after the lender paid a substantial property tax assessment. Elite Investments contends that without authority to use cash collateral, it would be unable to continue operating the mobile home park or pursue a successful reorganization, leaving conversion to Chapter 7 liquidation or dismissal as the only alternatives. To adequately protect the lender's interests, the Debtor proposes making interest-only payments on the secured debt until confirmation of a Chapter 11 plan, after which it intends to begin amortizing and repaying the debt over time. In addition to seeking authority to use cash collateral, the Debtor requests turnover of rental income that has been collected by the lender over the past several months, less any amounts the lender used for operating expenses of the mobile home park. The Debtor also seeks an order compelling Robert Chapman, a former individual involved in collecting tenant rents and operating the property, to turn over any rental proceeds and business records in his possession. These records are necessary to prepare accurate financial reports, cash flow projections, and other documents required by the U.S. Trustee, the Subchapter V Trustee, and creditors. A copy of the motion is available at https://urlcurt.com/u?l=XC94uY from PacerMonitor.com. About Elite Investments Capital LLC Elite Investments Capital, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18530) on June 29, 2026, with up to $50,000 in both assets and liabilities. Judge Peter D. Russin presides over the case. David W. Langley, Esq., represents the Debtor as legal counsel. ELITE INVESTMENTS: Seeks to Hire David W. Langley as Legal Counsel ------------------------------------------------------------------ Elite Investments Capital, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ David W. Langley, Esq., an attorney practicing in Plantation, Fla., as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interests of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiations with its creditors in the preparation of a Subchapter V Plan. The attorney will be paid at his hourly rate of $450. He also received a prepetition retainer of $20,000 from the Debtor. Mr. Langley disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: David W. Langley, Esq. 8551 W. Sunrise Boulevard, Suite 303 Plantation, FL 33322 Telephone: (954) 356-0450 Facsimile: (954) 356-0451 Email: dave@flalawyer.com About Elite Investments Capital LLC Elite Investments Capital, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18530) on June 29, 2026, with up to $50,000 in both assets and liabilities. Judge Peter D. Russin presides over the case. David W. Langley, Esq., represents the Debtor as legal counsel. ESGTHERM LLC: Seeks to Retain Vestcorp LLC as Accountant -------------------------------------------------------- ESGTHERM LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Vestcorp, LLC to serve as accountant. The firm will provide these services: (a) prepare the Debtor's balance sheets and any required operating reports; review and analysis of claims; prepare projections; (b) assist with plan issues; and (c) perform all other necessary or appropriate accounting services in connection with this Chapter 11 case for or on behalf of the Debtor. The firm's hourly rates are: Managing Director: $400 Principal: $350 Accountant: $250 Associate: $195 Vestcorp, LLC will be compensated on an hourly basis as approved by the Court upon the filing of fee applications. Vestcorp, LLC is a disinterested person under 11 U.S.C. Sec. 101(14) and does not hold or represent any interest adverse to the estate, according to court filings. The firm can be reached at: Shari Hartstein VESTCORP, LLC 623 Eagle Rock Ave., Suite 364 West Orange, NJ 07052 About ESGTHERM LLC ESGTHERM, LLC is a Budd Lake, New Jersey-based full-service restaurant operating under the trade name Budd Lake Diner. The restaurant offers dine-in, catering, and food delivery services through platforms such as DoorDash and Grubhub, and maintains daily operating hours from 6:00 a.m. to 8:00 p.m. ESGTHERM sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-17330) on June 25, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $1 million and $10 million. The Debtor is represented by David H. Stein, Esq., at Wilentz, Goldman & Spitzer, P.A. Joseph L. Schwartz serves as Subchapter V Trustee. ESGTHERM LLC: Seeks to Tap Wilentz Goldman & Spitzer as Counsel --------------------------------------------------------------- ESGTHERM, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Wilentz, Goldman & Spitzer, PA as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties under Chapter 11 of the Bankruptcy Code; (b) prepare on behalf of the Debtor all necessary and appropriate legal documents, and review all financial and other reports to be filed in this Chapter 11 case; (c) perform certain tasks required of professionals under the Bankruptcy Code and Bankruptcy Rules, and the Local Rules of this Court; (d) advise the Debtor concerning, and prepare responses to, applications, motions, and other pleadings and notices that may be filed and served in this Chapter 11 case; (e) advise the Debtor with respect to, and assist in the negotiation and documentation of, any appropriate financing agreements and related transactions; (f) review the nature and validity of any liens asserted against the Debtor's property and advise it concerning the enforceability of such liens; (g) advise the Debtor regarding its ability to initiate any actions to collect and recover property for the benefit of its estate; (h) counsel the Debtor in connection with the confirmation and consummation of any proposed plan of reorganization and related documents; (i) advise and assist the Debtor in connection with any potential property dispositions; (j) advise the Debtor concerning any executory contract and/or any unexpired lease assumptions, assignments and rejections; (k) assist the Debtor in reviewing, estimating and resolving claims asserted against its estate; (l) commence and conduct litigation necessary or appropriate to assert rights held by the Debtor, protect assets of the Debtor's estate or otherwise further the goal of completing the administration of its case; and (m) perform all other necessary or appropriate legal services in connection with this Chapter 11 case for or on behalf of the Debtor. The firm's hourly rates are as follows: Partners $410 – $1,190 Associates $250 - $425 Of Counsel $535 – $895 Counsel $410 – $610 Paralegals and Support Staff $110 - $360 The firm received a retainer of $17,000 from the Debtor. David Stein, Esq., an attorney at Wilentz, Goldman & Spitzer, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David H. Stein, Esq. Wilentz, Goldman & Spitzer, PA 90 Woodbridge Center Drive Suite 900, Box 10 Woodbridge, NJ 07095 Telephone: (732) 636-8000 About ESGTHERM LLC ESGTHERM, LLC is a Budd Lake, New Jersey-based full-service restaurant operating under the trade name Budd Lake Diner. The restaurant offers dine-in, catering, and food delivery services through platforms such as DoorDash and Grubhub, and maintains daily operating hours from 6:00 a.m. to 8:00 p.m. ESGTHERM sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17330) on June 25, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $1 million and $10 million. The Debtor is represented by David H. Stein, Esq., at Wilentz, Goldman & Spitzer, PA. Joseph L. Schwartz serves as Subchapter V Trustee. FERRARA BUILDING: Hires Zemanian Law Group as Bankruptcy Counsel ---------------------------------------------------------------- Ferrara Building Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Zemanian Law Group as counsel. The firm's services include: (a) prepare the petition, lists, schedules and statements required by 11 U.S.C. Sec. 521; the pleadings, motions, notices and orders required for the orderly administration of the estate; and ensure the progress of its case; and consult with and advise the Debtor on the reorganization of its financial affairs and, as necessary, the orderly sale of part or all of its assets outside of the ordinary course of business; (b) prepare for, prosecute, defend, and represent the Debtor's interests in all contested matters, adversary proceedings, and other motions and applications arising under, arising in, or related to its case; (c) advise and consult concerning administration of the estate in this case, concerning the rights and remedies with regard to the Debtor's assets; concerning the claims of administrative, secured, priority, and unsecured creditors and other parties in interest; (d) investigate the existence of other assets of the estate; and, if any exist, take appropriate action to have such assets turned over to the estate; (e) analyze, review, and advise on the impact of pending litigation brought against, or brought on behalf of the Debtor pending in jurisdictions outside the Eastern District of Virginia; (f) interact with other professionals engaged by the Debtor to provide services incident to the administration of the estate, preparation of a plan of reorganization, and prosecution of causes of actions; (g) prepare and file applications for approval by the Court of engagement of other professionals to be employed by the Debtor; and (h) prepare a Plan of Reorganization for the Debtor, and negotiate with all creditors and parties in interest who may be affected thereby; obtain confirmation of a Plan, and perform all acts reasonably calculated to permit the Debtor to perform such acts and consummate a Plan. The firm will be paid at these hourly rates: Paul Driscoll, Attorney $425 Paralegal $110 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total retainer of $11,776 from the Debtor. Mr. Driscoll 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: Paul A. Driscoll, Esq. Zemanian Law Group 6464 Hampton Boulevard, Suite A Norfolk, VA 23508 Telephone: (757) 622-0090 Email: paul@zemanianlaw.com About Ferrara Building Group Ferrara Building Group sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-71362) on May 22, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Paul A. Driscoll, Esq. at Zemanian Law Group represents the Debtor as legal counsel. FERRELLGAS PARTNERS: Extends CEO Zertuche's Employment Term to 2029 ------------------------------------------------------------------- Ferrellgas Partners, L.P. said in a regulatory filing with the Securities and Exchange Commission that on July 16, 2026, Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P., and Tamria Zertuche, the President and Chief Executive Officer of the Company, entered into a First Amendment to Executive Employment Agreement, effective as of July 16, 2026, which extends the term of Ms. Zertuche's employment as President and Chief Executive Officer and principal executive officer for purposes of the Exchange Act, through July 31, 2029, unless earlier terminated by the Company or Ms. Zertuche in accordance with the terms of the Executive Employment Agreement, as amended. Pursuant to the First Amendment, from and after August 1, 2026, as compensation for Ms. Zertuche's services, she will be paid an annual base salary of $935,000. The Company's Board of Directors may adjust Ms. Zertuche's base salary upward from time to time in its sole discretion. Ms. Zertuche is also eligible to participate in any of the general partner's incentive and benefits plans as such plans are implemented and will receive certain severance benefits in the event of termination based on the nature of such termination. Management Commentary "Tamria has been an exceptional leader for Ferrellgas, and her continued partnership is a reflection of the confidence our organization has in the direction we are headed," said Jim Ferrell, Chairman of the Board. "Her proven ability to lead with integrity, drive operational excellence, and inspire our team makes her the right person to lead Ferrellgas into its next chapter." Since assuming the role of CEO, Zertuche has guided Ferrellgas through a period of significant transformation, strengthening the company's operational foundation, expanding its customer base, and fostering a culture of accountability and service. Under her leadership, Ferrellgas has remained focused on delivering reliable, safe, and affordable propane solutions to residential, commercial, and agricultural customers across the country. "I am honored to continue serving the Ferrellgas team and customers who depend on us every day," said Zertuche. "We have built tremendous momentum, and I am excited about what lies ahead. Together, we will keep investing in our people, our infrastructure, and the communities we serve." About Ferrellgas Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. As of Jan. 31, 2026, the Company had total assets of $1.5 billion, total liabilities of $1.9 billion (calculated as current liabilities of $350.78 million + long-term debt of $1.5 billion + operating lease liabilities of $21.7 million + other liabilities of $55.9 million), mezzanine equity (Senior preferred units) of $651.3 million, and total Ferrellgas Partners, L.P. deficit of $982.3 million. * * * In October 2025, S&P Global Ratings raised its Company credit rating on Ferrellgas Partners L.P. to 'B' from 'CCC'. "The stable outlook reflects our expectation that Ferrellgas will maintain S&P Global Ratings-adjusted leverage in the 6.0x-6.5x range over our forecast period," S&P said. FIRST BRANDS: Committee Taps Chamberlain, Hrdlicka as Counsel ------------------------------------------------------------- The Official Committee of Non-Union Retirees of First Brands Group, LLC, et al. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Chamberlain, Hrdlicka, White, Williams & Aughtry, P.C. as counsel. The firm will provide these services: (a) provide legal services to the Official Committee of Non-Union Retirees; (b) assist in negotiations with the Debtors concerning the treatment of retirement benefits in the Chapter 11 Cases; and - (c) perform services in compliance with Sections 1103 and 1114 of the Bankruptcy Code. These professionals are expected to work on the engagement: Mark D. Sherrill, Partner - $1,200 hourly rate; discounted rate $1,150 Joshua A. Sutin, Partner - $850 hourly rate; discounted rate $825 Jeffrey Della Rocco, Associate - $510 hourly rate; discounted rate $425 Lara Anne Coleman, Paralegal - $395 hourly rate; discounted rate $365 CHWWA will also charge for customary expenses and disbursements, including copies and postage, third-party conference lines, limited travel, business meals, computerized research, witness fees, and fees related to trials and hearings. According to court filings, CHWWA represents no interest adverse to the Retiree Committee, the estate, or any party in interest and is a "disinterested person" as defined under the Bankruptcy Code. The firm can be reached at: Mark D. Sherrill, Esq. CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS & AUGHTRY, P.C. 1200 Smith Street, Suite 1400 Houston, TX 77002-4310 Telephone: (713) 658-1818 Facsimile: (713) 658-2553 E-mail: info@chamberlainlaw.com About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on Sept. 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FRANKLIN SQUARE: S&P Downgrades ICR to 'BB-', Outlook Stable ------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating and issue-level rating on Franklin Square Holdings L.P. (FSH, dba Future Standard) to 'BB-' from 'BB'. The recovery rating on the term loan remains '3'. The stable outlook indicates S&P's view that FSH will operate with leverage of 4.0x-5.0x over the next 12 months. FSH continues to face net asset value (NAV) degradation in its largest investment vehicle (FSK, a business development company), slow fundraising, and potential redemption risk in certain other vehicles. S&P expects leverage to rise and remain above its previous downside threshold of 4.0x. S&P said, "We expect FSH to operate with leverage above 4.0x over the next year. We forecast leverage, measured as S&P Global Ratings-adjusted debt to EBITDA to increase to 4.0x-5.0x, primarily due to NAV erosion within the FS KKR Capital Corp. (FSK) fund, slower-than-anticipated fundraising, and potential redemption risk in certain other vehicles. The company's incremental $100 million term loan B issuance used to finance the digital infrastructure asset manager acquisition also contributed to higher leverage. As a result, we believe the speed of deleveraging may be challenged, despite management's stated intent to prioritize debt reduction. "We believe strategic value enhancement plans will partially address the FSK weakness. These plans include a $150 million fixed-price third-party tender offer by KKR at a price of $11 per share (closed in May 2026), a $150 million preferred stock investment from KKR to support general corporate spending at FSK (closed in June 2026), and a $300 million share repurchase program approved by the board that will last until June 2027. Additionally, KKR has agreed to waive 100% of its portion of the subordinated income incentive fees for four quarters beginning from the second quarter of 2026. "Weaker fundraising than we expected will remain a challenge for the company's asset base and fee generation. Management recently lowered its 2026 fundraising guidance to $4.25 billion--a shortfall of about $1.5 billion compared with the original target. As a result of this downward revision, we project that management fees will remain nearly flat at about $506 million in 2026, compared with $505.2 million in 2025, effectively neutralizing the expected increase in earnings from the digital infrastructure acquisition. This stagnation in fee growth is exacerbated by the effect of nonaccruals on NAV erosion within FSK, which is FSH's largest fund (comprising roughly 17.5% of its assets under management as of March 31, 2026). We also assume continued challenges with KKR FS Income Trust (KFIT), where we expect both slower fundraising than we anticipated and higher redemptions than we projected to weigh on total assets under management (AUM)." FSH has implemented cost savings of approximately $30 million on a run-rate basis, the majority of which relate to compensation due to reductions in workforce in October 2025 and June 2026, which will help to counter the top-line pressure caused by the fundraising shortfall. As a result, S&P expects EBITDA margins to remain flat over the next 12 months. S&P said, "FSH's continued exposure to third-party managers that co-advise several of its flagship funds introduces significant forecast uncertainty and tempers our expectations for meaningful debt reduction in the near term. Historically, FSH's strategy of co-advising funds with external partners has led to several one-time expenses and structural changes in fee splits, which have frequently resulted in actual earnings falling below our expectations. We also note that the wind-down of certain joint ventures, such as the transition of the FS Specialty Lending Fund, requires payments to co-advisors such as EIG, which weighs on cash flow." Consequently, the lack of full control over the fee-sharing arrangements and the potential for sudden adjustments to revenue splits continue to limit our confidence in the company's ability to rapidly deleverage. That said, the EIG payments will end in 2026, and as FSH continues to diversify its strategy and grow its internally managed products, S&P anticipates future one-time items to have a smaller effect. The stable outlook reflects S&P Global Ratings' expectation that FSH will operate with adjusted debt to EBITDA of 4.0x-5.0x over the next 12 months while AUM and profitability remain stable. S&P could lower the rating on FSH over the next 12 months if its leverage rises above 5.0x on a sustained basis, which could happen if: -- Investment performance deteriorates and leads to weaker earnings, -- Fundraising remains slower than S&P expects, or -- FSH issues additional debt without increasing earnings. Although unlikely over the next 12 months, in the longer term S&P could raise the rating on FSH if it keeps leverage below 4.0x while having a solid investment performance, fundraising, and AUM growth. FRAZER SCHOOL: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The Frazer School, Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral and set a final evidentiary hearing scheduled for August 18. The cash collateral is necessary to fund ordinary business operations, pay administrative expenses, preserve the value of the estate, and support efforts to formulate and confirm a Chapter 11 reorganization plan, according to the Debtor. Several creditors including Capital City Bank, Gaurav Seth, Joyner Construction Partners LLC, Kurt and Brittany Dudas, NV5 Inc., and Paul Stresing Associates Inc., may claim security interests in its cash collateral. However, the Debtor is still investigating the validity, scope, and perfection of those liens, as well as whether any of the asserted security interests may be avoidable under the Bankruptcy Code. As adequate protection for any creditor ultimately determined to hold a valid and perfected prepetition security interest in the cash collateral, the Debtor offers granting replacement post-petition liens with the same validity, extent, and priority as the creditors' pre-petition liens. In addition, secured creditors would be permitted, upon five days' written notice, to inspect the cash collateral so long as the inspection does not interfere with school operations. The Debtor also agreed to provide secured creditors with ordinary-course financial reports and other reasonably requested financial information upon written request. About Frazer School Inc. The Frazer School is a private K-12 school based in Gainesville, Florida. Established in 2024, the school provides elementary and secondary education, including core subject instruction and course offerings across Advanced Placement, honors, and competition courses. It also offers clubs and sports, tutoring, and student-run summer camps, including a Prealgebra Camp for rising fifth through ninth graders in Alachua County. Frazer School, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-10181) on June 12, 2026, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Olanrewaju Fayiga as principal and board member. Steven M Berman, Esq. at SHUMAKER LLP serves as the Debtor's counsel. FREEDOM FOREVER: Gets OK to Hire Cascadia as Investment Banker -------------------------------------------------------------- Freedom Forever LLC and its affiliates received approval from the U.S. Bankruptcy Court for the District of Delaware to employ Cascadia Capital, LLC as investment banker to the Debtors in these Chapter 11 cases, pursuant to sections 327(a) and 328(a) of the Bankruptcy Code, nunc pro tunc to June 1, 2026. The firm will render these services: (a) assist the Debtors in analyzing their business, operations, properties, financial condition, and prospects; (b) prepare and distribute information in connection with a Transaction; (c) identify and solicit potential acquirers, financing sources, or partners for a Transaction; (d) assist in the determination of the form, structure, terms, and pricing of a Transaction; (e) assist the Debtors on tactics and strategies for negotiating with potential counterparties and stakeholders and, if requested by the Debtors, participate in such negotiations; (f) advise the Debtors in the timing, nature, and terms of new securities, other consideration, or other inducements to be offered pursuant to a Transaction; (g) render financial advice and participate in meetings or negotiations with stakeholders or outside agencies or appropriate parties in connection with a Transaction; (h) attend meetings of the Debtors' management teams with respect to matters on which Cascadia has been engaged to advise the Debtors; (i) provide oral and written testimony, as necessary, with respect to matters on which Cascadia has been engaged to advise the Debtors in any proceedings before the Court; and (j) provide such other services as may be mutually agreed by Cascadia and the Debtors. Cascadia will receive compensation as follows: (a) Initial Restructuring Fee: A non-refundable initial restructuring fee payable (and which was paid) upon the execution of the Engagement Agreement in the amount of $75,000. (b) Monthly Fee(s): A non-refundable monthly fee, payable upon each monthly anniversary of the Initial Restructuring Fee payment date, equal to $75,000 per month; provided, that 50% of each Monthly Fee earned after the third monthly anniversary of the Engagement Agreement shall be creditable against the Restructuring Fee or Sale Fee, as applicable. (c) Financing Fee: a non-refundable financing fee payable at each closing of a Financing equal to the applicable percentage set forth in the following of the gross proceeds and/or aggregate principal amount (as applicable) of any Financing irrevocably committed or funded in connection with such Financing (whether or not actually drawn): (i) 2.0% for bank debt or first lien secured debt or DIP (collectively "Senior Debt"); (ii) 3.0% for debt junior to Senior Debt and is not an Equity-Linked Security; (iii) 5.0% for equity or equity-linked securities (including but not limited to, preferred securities, securities with warrants, and convertible notes) ("Equity-Linked Securities"). (d) Restructuring Fee: A restructuring fee equal to $1,000,000 payable upon consummation of a Restructuring (a "Restructuring Fee"); provided, however, if a Restructuring is to be completed through a "pre-packaged" or "pre-arranged" plan of reorganization, the Restructuring Fee shall be earned upon the earlier of: (i) execution of definitive agreements with respect to such plan; and (ii) delivery of binding consents to such plan by a sufficient number of creditors and/or bondholders, as the case may be, to the plan; provided further, that the Restructuring Fee shall be payable upon the earlier of the effective date of the plan of reorganization or an order authorizing payment by the United States Bankruptcy Court. (e) Sale Fee: A non-refundable sale fee payable upon the consummation of any Sale in an amount equal to the greater of (i) $1,000,000 or (ii) 4.0% of the Aggregate Consideration (the "Sale Fee"). In the event that both a Sale Fee and Restructuring Fee are earned, the Sale Fee shall be credited to the Restructuring Fee; provided that in no event shall the Restructuring Fee be reduced below $0. (f) Expenses: In addition to any other compensation payable to Cascadia under the Engagement Agreement, the Debtors shall reimburse Cascadia for all reasonable out-of-pocket expenses incurred by Cascadia in connection with the performance of the Engagement Agreement, irrespective of whether a Transaction is completed. Such expenses may include, without limitation, costs relating to printing, delivery, database charges, out-of-town travel, direct out-of-pocket expenses, and required advice from counsel. All reimbursements shall be made within ten (10) business days of being invoiced by Cascadia. Cascadia shall seek the prior written approval of the Debtors to incur expenses which in the aggregate exceed $25,000. Lorie Beers, a managing director and the head of Restructuring and Special Situations at Cascadia Capital, 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: Lorie Beers Cascadia Capital, LLC 920 5th Avenue, Suite 1500 Seattle, WA 98104 Telephone: (206) 436-2500 A copy of the Court's Order dated July 15, 2026, is available at https://urlcurt.com/u?l=GopCQj from Pacermonitor.com. About Freedom Forever LLC Freedom Forever LLC is a Temecula, California-based residential solar installation company that serves homeowners in more than 30 states. It operates as an engineering, procurement and construction platform, providing solar panel installation, energy storage and financing services through employees and independent authorized dealers. The company also offers proprietary software that supports project visibility, permitting and customer transparency. Freedom Forever LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 26-10522) on April 15, 2026. At the time of the filing, Freedom Forever had estimated assets of between $100,000,001 to $500 million and liabilities of between $500,000,001 to $1 billion. Judge Brendan Linehan Shannon oversees the case. The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as bankruptcy counsel; Holland & Hart LLP and Landis Rath & Cobb LLP as special counsel; and Berkeley Research Group, LLC as financial advisor. Kroll Restructuring Administration LLC is the Debtors' administrative advisor. GABBY INVESTMENT: Seeks to Hire Fermin Group as Estate Broker ------------------------------------------------------------- Gabby Investment LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ The Fermin Group as real estate broker. The Debtor needs a broker to market and sell its property. Compensation will be pursuant to the listing agreement and paid at closing upon court approval. Andria Pintabone, a real estate agent at The Fermin Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Andria Pintabone The Fermin Group 130 Parker Street #14 Lawrence, MA 01843 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. D. Mass. 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., at ScottCollins, LLP. Stephen Darr serves as Subchapter V Trustee. GALILEO ADMINISTRACAO: Chapter 15 Case Summary ---------------------------------------------- Chapter 15 Debtors: Galileo Administracao de Recursos Educacionais SA and Galileo Gestora De Recebiveis SPE Avenida Rio Branco, no 114, sala 903, Centro, Rio de Janeiro - RJ, 20040-001, Brazil Business Description: Galileo Administracao, headquartered in Rio de Janeiro, is a Brazilian corporation that administered and managed higher education institutions. Incorporated in 2010 as Rio Guadiana Participacoes S.A., it managed 13 institutions by May 2012, including Universidade Gama Filho and UniverCidade. The company ceased operations after Brazil's Ministry of Education and Culture revoked the licenses of its two principal universities. Galileo SPE, established in December 2010 to finance the operations, issued approximately R$100 million in debentures backed by medical student receivables. Chapter 15 Petition Date: July 13, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-19114 Judge: Hon. Erik P Kimball Foreign Representatives: Athos de Andrade Figueira Neves and E. Ferreira Gomes Advogados Foreign Proceeding: 7th Corporate Court of Rio de Janeiro, Brazil, Case No. 0105323-98-2014.9.19. 0001 Foreign Representatives' Counsel: Nyana Abreu Miller, Esq. SEQUOR LAW, P.A. 1111 Brickell Avenue, Suite 1250 Miami, Florida 33131 Tel: (305) 372-8282 Fax: (305) 372-8202 E-mail: nmiller@sequorlaw.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KFMOE6Y/Galileo_Administracao_de_Recursos__flsbke-26-19114__0001.0.pdf?mcid=tGE4TAMA GEC TRANSPORT: Amends Unsecured Claims Pay Details -------------------------------------------------- GEC Transport Solutions LLC submitted a Third Combined Amended Disclosure Statement and Chapter 11 Plan dated July 9, 2026. The Debtor is a Texas limited liability company and is currently managed by Benjamin Cavazos. The Debtor is a transportation and logistics company based in Pharr, Texas with nationwide operations. The Debtor initially ran into financial difficulties in 2020 due to rising insurance costs and a scarcity of drivers and defaulted under several secured promissory notes prompting the Debtor to seek voluntary bankruptcy relief on October 6, 2025. Class 5 shall consist of following Secured Claims which are secured by the Debtor's account receivable. In full satisfaction of its Allowed Secured Claim, Meged Funding Group shall receive sixty monthly payments of $800.00 commencing first day of the month following thirty days from the Effective Date. Meged Funding Group shall retain its liens until its Allowed Secured Claims is paid in full. Upon payment of the Allowed Secured Claim, Meged Funding Group shall release its liens and file a termination statement with the Texas Secretary of State within ten days upon payment of the Allowed Secured Claim. In the event of failure of the Reorganized Debtor to timely make its payments to Meged Funding Group, which shall constitute an event of default as to Meged Funding Group, such Claimant shall send Notice of Default5 to the Reorganized Debtor. If Default is not cured within ten days of the date of such notice, Meged Funding Group may proceed to collect all amounts owed pursuant to state law without further recourse to the Bankruptcy Court. Meged Funding Group is only required to send two Notices of Default, and upon the third event of default, Meged Funding Group may proceed to collect all amounts owed under state law without further notice. Class 5 is impaired under the Plan. Holders of Secured Claims secured by the Debtor's accounts receivable are entitled to vote to accept or reject the Plan. Class 8 shall consist of General Unsecured Claims. In full satisfaction, Claimants in Class 8 shall receive Pro Rata Cash payments of $50,000.00 on or before twenty-four months following the Effective Date. The Debtor scheduled claims held by Cynthia Vela and Joel Vela (the "Vela Claimants"), individually and as co-representatives of the estate of Honesty Vela in the amount of $1,000,000.00. The Claims of the Vela Claimants are included in Paragraphs 1.3.2. and 3.2.3.8 of the Plan in the amount of $20,000,000.00 and shall be entitled to treatment under 5.1.8. of the Plan as per the Proof of Claim filed on June 4, 2026, with the deadline of filing the Proof of Claim extended through June 4, 2026. The automatic stay is modified to allow the Vela Claimants to pursue claims against the Debtor in Cynthia Vela and Joel Vela, Individually and as Co-Representatives o the Estate of Honesty Vela v. GEC Transport Solutions, LLC, case number P-8538-83-CV in the 83rd District Court of Pecos County, Texas, for the limited purpose of recovering solely from the proceeds of insurance policies of the Debtor and not from the Debtor, the Debtor's employees, and/or the assets of the Debtor or its employees, including any deficiency which may arise by virtue of judgment in an amount greater than the limits of coverage. This provision in no way limits the liability of any insurance company providing coverage for the claims asserted against the insured to any party under any claim or cause of action, nor shall it limit the ability of the Vela Claimants to assert liability or claims, or obtain judgment for damages in excess of any insurance coverage, however recovery from the estate and/or the Debtor shall be so limited. The payments contemplated in this Plan shall be funded from Cash on hand and payments in Cash received from the ordinary course of the Debtor's operations. The electronic hearing at which the Court will determine whether to confirm the Plan will take place on Aug. 17, 2026 at 3:30P.M. in courtroom 5, 600 E. Harrison Street, Brownsville, Texas, 78520 in front of the Honorable Judge Eduardo V. Rodriguez. A full-text copy of the Third Amended Combined Disclosure Statement and Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=qGReUJ from PacerMonitor.com at no charge. Counsel to the Debtor: Susan Tran Adams, Esq. Brendon Singh, Esq. TRAN SINGH LLP 2502 La Branch Street Houston, TX 77004 Telephone: (832) 975-7300 Facsimile: (832) 975-7301 E-mail: stran@ts-llp.com About GEC Transport Solutions LLC GEC Transport Solutions, LLC, is a logistics and transportation company based in Pharr, Texas, operating a fleet of 131 trucks and trailers nationwide. GEC Transport Solutions sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-70297) on Oct. 6, 2025, listing up to $10 million in both assets and liabilities. Benjamin Cavazos, company owner, signed the petition. Judge Eduardo V. Rodriguez oversees the case. Susan Tran Adams, at Tran Singh, LLP, is the Debtor's legal counsel. J D Factors LLC, as DIP lender, is represented by: Trent L. Rosenthal, Esq Rosenthal Law Firm, P.L.L.C. 675 Bering, Suite 150 Houston, TX 77057 Telephone: (713) 647-8177 Facsimile: (713) 647-8127 trosenthal@rosenthallaw.com GENERATION HEALTHCARE: No Decline in Patient Care, PCO Report Says ------------------------------------------------------------------ Leilani Pelletier, the State of Ohio's Long-Term Care Ombudsman and appointed patient care ombudsman, filed with the U.S. Bankruptcy Court for the Southern District of Ohio her report regarding the quality of patient care provided by Generation Healthcare Inc. and affiliates. The PCO reported that she successfully contacted and spoke with 28 patients or their representative via telephone of the 55 patient names provided by the Debtor. The PCO was unable to successfully contact and speak directly with 27 patients. Ms. Pelletier noted that she found no issues relevant to a decline in care from start of service to the date of contact. One was referred to Generation Healthcare for follow up to their concerns. The PCO reported that patients are generally satisfied with services, with the three exceptions noted. The PCO will continue to monitor conditions closely and report any material changes to the Court. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=PTEeV8 from PacerMonitor.com. The ombudsman may be reached at: Leilani Pelletier State Long-Term Care Ombudsman 30 E Broad St, 22nd Floor Columbus, OH 43215-3414 Telephone: (614) 632-5122 Email: lpelletier@age.ohio.gov About Generation Healthcare Inc. Generation Healthcare Inc., based in Westerville, Ohio, provides home health and hospice services, including skilled nursing, therapy, and medical support for patients in their homes. The Company operates primarily in Ohio and offers care for individuals requiring medical and supportive services outside of hospital settings, with hospice services encompassing palliative and end-of-life care. Generation Healthcare sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-55396) on December 8, 2025. In its petition, the Debtor reports estimated assets between $0-$100,000 and estimated liabilities between $1 million-$10 million. Honorable Bankruptcy Judge Tiffany Strelow Cobb handles the case. The Debtor is represented by David M. Whittaker, Esq., at Allen Stovall Neuman & Ashton, LLP. GENESIS HEALTHCARE: Sidley Has Conflict in Adversary Case --------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a Genesis Healthcare shareholder has asked a Texas bankruptcy court to disqualify Sidley Austin LLP from representing the debtor in an adversary proceeding tied to allegations that a corporate transaction caused $50 million in losses. The shareholder argues that Sidley faces disqualifying conflicts of interest that should prevent it from continuing as counsel in the case. The motion seeks to remove the firm from the litigation, claiming its representation raises concerns over impartiality and professional responsibility. The challenge comes as Genesis continues addressing claims connected to its Chapter 11 restructuring. The bankruptcy judge will decide whether Sidley may remain counsel in the adversary proceeding, the report states. About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GK INVESTMENT: Cherry Bekaert Raises Going Concern Doubt Over Bonds ------------------------------------------------------------------- GK Investment Property Holdings II, LLC filed its Annual Report on Form 1-K for the fiscal year ended Dec. 31, 2025, with the U.S. Securities and Exchange Commission. The audited report contains a going concern warning after the Company disclosed it lacks sufficient working capital to repay more than $6.56 million of bonds maturing within the next year. Richmond, Virginia-based Cherry Bekaert LLP, the Company's auditor since 2019, issued a "going concern" qualification in its report dated June 12, 2026, attached to the Company's Annual Report, citing that as of Dec. 31, 2025, the Company did not have sufficient working capital to repay its remaining Series D and Series E Bonds in full upon their respective maturities. Series D Bonds totaling $4,575,000 mature on Aug. 31, 2026, and Series E Bonds totaling $1,988,000 mature on Feb. 28, 2027. Management Plans Management's plan to address these liquidity concerns involves the liquidation of the Company's assets, including the collection of its notes receivable and the disposition of its investment in SPSS Developer, LLC. However, there can be no assurance that these efforts will be successful or that the Company will be able to generate sufficient proceeds to satisfy its bond obligations when due. If the Company is unable to meet its bond obligations at maturity, bondholders may not receive full repayment of principal and accrued interest, and the Company may be required to seek additional financing, restructure its obligations, or pursue other alternatives, including potential bankruptcy proceedings. The Company anticipates that adequate cash will be generated from interest earned on its notes receivable to fund its operating and administrative expenses and all continuing debt service obligations, including bond service obligations. However, its ability to finance operations is subject to uncertainties, including its ability to generate working capital, attract and retain tenants, and conditions in the real estate and broader economic markets. If sufficient cash flow is not generated from operations and other sources, such as borrowings, the Company may use funds from its debt service reserve. Moreover, its manager may change this policy, in its sole discretion, at any time. Potential future sources of capital include secured or unsecured financings from banks or other lenders, establishing additional lines of credit, proceeds from the sale of properties, and undistributed cash flow. The Company noted that it has not identified any source of financing other than the proceeds of its bond offering and the sale of beneficial interests in the Trust, and there is no assurance that such financing will be available on favorable terms or at all. Results of Operations As of Dec. 31, 2025, the Company's assets consisted of: (i) the investment in SPSS Developer, LLC, the parent company of Station Plaza Self-Storage; (ii) the Ridgmar Loan; (iii) the DeMarcay Loan; (iv) the GK Festival Loan; and (v) cash and cash equivalents. For the year ended Dec. 31, 2025, the Company had no revenues from operations. Operating costs for the same period, excluding interest expense of $1,479,760, amounted to $95,038, resulting in an operating loss of $95,038. Net income for the year amounted to $190,410 after taking into account $164,049 of preferred return income from the investment in SPSS Developer, LLC, $10,071 of investment income from ownership of beneficial interests in the Trust, $1,587,699 in interest income from various loans and interest earned on short-term investments, including U.S. Treasuries, bank certificates of deposit, and money market interest and $3,389 in miscellaneous income. The Company incurred $1,479,760 in interest expense due to its bondholders and affiliated lender GK Preferred Income I (Lakeview Square), LLC. For the year ended Dec. 31, 2024, the Company also had no revenues from operations. Operating costs, excluding interest expense of $1,797,036, amounted to $116,830, resulting in an operating loss of $116,830. Net loss for 2024 totaled $404,244 after taking into account $75,613 of investment income from ownership of beneficial interests in the Trust and $1,462,675 in interest income from various loans and short-term investments. The Company also recognized $28,666 in income tax expense and incurred $1,797,036 in interest expense due to its bondholders. Liquidity and Capital Resources As of Dec. 31, 2025, the Company had cash and cash equivalents of $249,129 and restricted cash (funded reserves) of $136,888. The funded reserves consist of a bond service reserve required under the Indenture, which requires that 7% of the gross proceeds from the bond offering be placed into a reserve account held by the bond trustee for the purpose of paying bond service obligations. As of Dec. 31, 2025, the Company had sold $16,538,000 in gross proceeds of its Bonds, of which $10,793,000 remained outstanding. The Company retired $5,374,000 of its bonds during the year. The Company targets asset dispositions to meet its obligations at maturity. Until its Bonds mature, principal demands for cash include acquisition costs, including the purchase price of properties, loans and securities, improvement costs, operating and administrative expenses, and continuing debt service obligations, including bond service obligations. Generally, acquisitions are expected to be funded from the net proceeds of the bond offering. The Company intends to acquire assets using cash and mortgage or other debt, although it may also acquire assets free and clear of indebtedness by paying the full purchase price in cash. The Company expects to use debt financing as a source of capital. While it has no limits on the amount of leverage it may employ, senior property debt is generally expected to be approximately 65% of the cost of its investments. A full-text copy of the Company's Annual Report is available at https://tinyurl.com/2u5yuw6d About GK Investment Property Holdings GK Investment Property Holdings II, LLC is a Delaware limited liability company formed on July 11, 2019, in order to invest in, lend on, and operate commercial rental properties; lease such properties to multiple tenants; and make such other real estate-related investments as are consistent with its investment objectives and that GK Development, Inc. dba GK Real Estate, its manager, deems appropriate. As of Dec. 31, 2025, the Company had $11,456,923 in total assets, $12,215,842 in total liabilities, and $758,919 in total shareholders' deficit. GLOBAL AI: Raises Going Concern Doubt Amid Liquidity Crunch ----------------------------------------------------------- Global AI, Inc. disclosed in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission, that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. For the three months ended March 31, 2026, the Company reported a net loss of $777,148, compared with a net loss of the prior-year period, and used $244,808 in cash from operating activities. As of March 31, 2026, the Company had $26,255 in cash and cash equivalents, negative working capital of $6.48 million, an accumulated deficit of $6.20 million, and generated minimal revenues. Going Concern and Liquidity Global AI said it has historically funded operations through a combination of equity issuances, debt financings, and, to a lesser extent, cash generated from operating activities. Its principal uses of cash include funding research and development, sales and marketing investments, general and administrative expenses, working capital requirements, and capital expenditures. The Company said its future capital requirements will depend on numerous factors, including the growth of its Agentic AI Platform business, the timing and size of acquisitions under its M&A program, working capital needs, capital expenditures, and the timing of operating cash flows. It may seek additional capital through equity issuances, debt financings, or other arrangements, although there can be no assurance such financing will be available on favorable terms, or at all. Global AI noted that its M&A program is expected to require ongoing access to capital. Future acquisitions are expected to be financed through equity issuances, indebtedness, or other forms of consideration, depending on the size and structure of each transaction, prevailing market conditions, and the Company's capital structure and strategic objectives. As of March 31, 2026, the Company had $26,255 in cash and cash equivalents, a working capital deficit of $6.48 million, and minimal revenues. The Company said it has sustained operating losses that are expected to continue, and that these conditions raise substantial doubt about its ability to continue as a going concern. Management said it is actively seeking investor funding and pursuing strategic alternatives, including a potential merger or combination with another operating company, to improve liquidity and its financial position. However, the Company cautioned there can be no assurance it will obtain the required funding, generate sufficient revenue to sustain operations over the next 12 months, identify a suitable merger or combination partner, or complete any transaction on acceptable terms, or at all. Cash Flows Net cash used in operating activities was $244,808 for the three months ended March 31, 2026, as compared to net cash used in operating activities of $474,516 for the three months ended March 31, 2025. This increase was primarily due to the increases in general and administrative and professional fees expense. Net cash used in investing activities was $458,766 for the three months ended March 31, 2026, as compared to net cash used in operating activities of $560,423 for the three months ended March 31, 2025. This decrease was primarily due to the capitalization of research and development costs and the purchase of property and equipment. Net cash provided by financing activities was $652,629 for the three months ended March 31, 2026, as compared to the net cash provided by investing activities of $1,108,000 for the three months ended March 31, 2025. This decrease is due to $1.1 million in proceeds from the sale of Class A common stock in 2025. A full-text copy of the Company's Report on Form 10-Q is available at https://tinyurl.com/33xncxvk About Global AI Inc. Global AI is a leader in artificial intelligence (AI) agentic products and solutions. Its enterprise-grade Agentic AI platform enables organizations to design, deploy, and scale AI workflows with governance and compliance built in. With deep expertise across industries and mission-critical environments, Global AI delivers secure, high-performance AI products that enhance decision-making, accelerate transformation, and create measurable shareholder value. As of March 31, 2026, the Company had $4,142,706 in total assets, $6,744,625 in total liabilities, and $2,601,919 in total stockholders' deficit. GLOBAL LEADERSHIP: Seeks to Retain Vestcorp as Accountants ---------------------------------------------------------- Global Leadership Foundation seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to retain Vestcorp, LLC as accountants. The firm will provide these services: (a) gather and verify all pertinent information required to compile and prepare monthly operating reports; and (b) prepare monthly operating reports for Global Leadership Foundation. Vestcorp will be paid at these hourly rates: - Managing Directors: $400 - Principal: $350 - Accountant: $250 - Associate: $195 Vestcorp may also seek reimbursement of disbursement incidentals incurred in rendering services. Vestcorp, 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: Shari Hartstein VESTCORP, LLC 623 Eagle Rock Avenue, Suite 364 West Orange, NJ 07052 About Global Leadership Foundation Global Leadership Foundation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43141) on June 26, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Elizabeth S. Stong presides over the case. Sari Placona, Esq. Mcmanimon Scotland & Baumann, LLC represents the Debtor as legal counsel. GOHEALTH INC: Completes Financial Restructuring, Exits Chapter 11 ----------------------------------------------------------------- GoHealth, Inc. announced on July 21, 2026, that it successfully completed its financial restructuring and emerged from Chapter 11 pursuant to its prepackaged plan of reorganization, confirmed by the U.S. Bankruptcy Court for the District of Delaware on July 21, 2026. GoHealth emerges from its financial restructuring poised to maintain its position as a leading health insurance marketplace and Medicare-focused digital health company. With the support of new ownership, GoHealth is well positioned for future success and will continue serving its Medicare consumers and partners. Chief Executive Officer Vijay Kotte said, "We are pleased to have successfully completed our expedited restructuring process, marking the beginning of a new chapter for GoHealth as a financially stronger company. With an improved capital structure, we'll have additional flexibility to build on our market-leading position and continue delivering for our Medicare consumers and partners. We are grateful to our new owners for their support and confidence in our business and future prospects." As previously disclosed, the restructuring transitions ownership of the Company to certain of its lenders, reinstates the preferred equity of GoHealth, provides for payment in full of trade payables and other ordinary course obligations, and provides a cash payment to holders of GoHealth's equity, allowing the Company to protect critical relationships with customers and health insurance carriers for its go-forward business. In connection with emergence, GoHealth will operate as a private company. Additional Information Additional information regarding the financial restructuring is available from Donlin, Recano & Company, LLC, the claims and noticing agent retained by the Debtors, by: (a) writing via first-class mail, to Donlin, Recano & Company, LLC, c/o Angeion Group, 200 Vesey Street, 24th Floor, New York, NY 10281; (b) writing via electronic mail to ghiinfo@angeiongroup.com; or (c) calling the Debtors' restructuring hotline at +1-877-583-1578 (U.S./Canada, toll-free) or +1-332-284-1398 (International, toll). You may also obtain copies of any pleadings filed in these Chapter 11 cases: (i) for a fee via PACER at https://www.deb.uscourts.gov or (ii) at no charge from Donlin, Recano & Company, LLC by accessing the Debtors' restructuring website at https://www.bankruptcy.angeiongroup.com/gohealth. Advisors Kirkland & Ellis LLP serves as legal counsel, and Alvarez & Marsal North America, LLC serves as restructuring advisor to GoHealth in connection with the Company's financial restructuring. Akin Gump Strauss Hauer & Feld LLP serves as legal counsel, and FTI Consulting, Inc. serves as financial advisor, to the lenders, along with Cahill Gordon & Reindel LLP and RPA Advisors, LLC, who serve as counsel and financial advisor, respectively, to a subset of the lenders. About GoHealth Inc. GoHealth is a Chicago, Illinois-based health insurance marketplace founded in 2001 by Brandon Cruz and Clinton Jones. The company assists consumers with comparing Medicare health plans and certain other insurance products using proprietary technology and provides support during and after enrollment. GoHealth also offers enrollment services for multiple plan types and one-on-one consultations through licensed agents. The company originally operated as Norvax, Inc. and initially provided lead management software and digital services to independent health insurance brokers. GoHealth Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26 10914) on June 7, 2026. In its petition, GoHealth reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtors are represented by Laura Davis Jones, Esq., and Edward A. Corma, Esq., at Pachulski, Stang, Ziehl & Jones LLP. Donlin, Recano & Company, LLC is the Debtors' claims and noticing agent. GOHEALTH INC: Emerges from Chapter 11 Under Prepackaged Plan ------------------------------------------------------------ Zaeem Shoaib Zuberi of Bloomberg Law reports that GoHealth has successfully completed its Chapter 11 restructuring, emerging from bankruptcy after a Delaware judge approved the company's prepackaged reorganization plan. As part of the transaction, ownership has shifted to certain existing lenders that backed the restructuring agreement. The confirmed plan reinstates preferred equity, ensures trade vendors are paid in full, and provides a cash recovery to existing equity holders. The company will continue operating as a private business following its exit from bankruptcy, ending its status as a publicly traded company, the report relays. The restructuring is intended to position GoHealth with a healthier balance sheet and greater financial flexibility. Management said the company is now better equipped to focus on its core business of connecting consumers with Medicare and other health insurance products through its technology platform, according to Bloomberg. Alvarez & Marsal acted as restructuring adviser to GoHealth during the Chapter 11 process. FTI Consulting served as financial adviser to the lender group, while RPA Advisors represented a subset of those lenders, the report cites. About GoHealth Inc. GoHealth is a Chicago, Illinois-based health insurance marketplace founded in 2001 by Brandon Cruz and Clinton Jones. The company assists consumers with comparing Medicare health plans and certain other insurance products using proprietary technology and provides support during and after enrollment. GoHealth also offers enrollment services for multiple plan types and one-on-one consultations through licensed agents. The company originally operated as Norvax, Inc. and initially provided lead management software and digital services to independent health insurance brokers. GoHealth Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10914) on June 7, 2026. In its petition, GoHealth reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtors are represented by Laura Davis Jones, Esq., and Edward A. Corma, Esq., at Pachulski, Stang, Ziehl & Jones LLP. Donlin, Recano & Company, LLC is the Debtors' claims and noticing agent. GOHEALTH INC: Exits Ch. 11 as New LLC with $782M Takeback Facility ------------------------------------------------------------------ GoHealth, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 21, 2026, the United States Bankruptcy Court for the District of Delaware entered an order confirming the Amended Joint Prepackaged Chapter 11 Plan of GoHealth, Inc. and Its Debtor Affiliates, which became effective the same day. On the Effective Date, the Company converted into a Delaware limited liability company, New GoHealth, LLC, and emerged from chapter 11 protection. The Company and certain of its direct and indirect subsidiaries filed voluntary petitions under chapter 11 of title 11 of the United States Code in the Bankruptcy Court on June 7, 2026. On July 13, 2026, the Debtors filed the Amended Joint Prepackaged Chapter 11 Plan. Treatment of Claims and Interests Under the Plan Pursuant to the Plan, on the Effective Date: * Holders of Allowed Super-Priority Loan Claims received their pro rata share of the Senior Takeback Facility; * Holders of Allowed First Lien Claims received their pro rata share of: (a) the Junior Takeback Facility and (b) 100% of the new common membership interests of Reorganized GoHealth, subject to dilution on account of a management incentive plan to be adopted by the new board of directors following the Effective Date; * Holders of Allowed Series A redeemable convertible preferred stock had their interests reinstated and converted into preferred membership interests of Reorganized GoHealth with substantially the same terms as the Company's Series A redeemable convertible preferred stock; * Holders of Allowed GoHealth Holdings Interests and GoHealth, Inc. Class A Common Stock (other than the Company and each of its direct and indirect subsidiaries and affiliates) received their pro rata share of an approximately $10.3 million cash equity recovery pool, and all GoHealth, Inc. Class B Common Stock was cancelled without distribution; and * Holders of Allowed Administrative Claims, Allowed Other Secured Claims, Allowed General Unsecured Claims, Allowed Priority Tax Claims and Allowed Other Priority Claims had their claims reinstated, received payment in full in cash, or received other treatment in a manner consistent with section 1129(a) of the Bankruptcy Code, as applicable. The New Common Interests will not be listed on any national securities exchange or registered with the Securities and Exchange Commission. On July 10, 2026, The Nasdaq Global Market LLC filed a Form 25 to delist the Company's Class A common stock, with the delisting becoming effective 10 days after such filing. Takeback Credit Facility On the Effective Date, Norvax, LLC, as borrower, and Blizzard Midco, LLC, as Holdings, entered into a Senior Secured Credit Agreement with the lenders from time to time party thereto and Blue Torch Finance, LLC, as administrative agent and collateral agent. The Senior Secured Credit Agreement governs term loan facilities, consisting of: (i) $20 million of new money term loans, (ii) approximately $173.9 million of senior term loans issued to holders of Super-Priority Loan Claims (or their respective designees), and (iii) approximately $588.3 million of junior term loans issued to holders of First Lien Claims (or their designees). Loans under the Takeback Credit Facility will accrue interest at a rate of Term SOFR plus 5.50% per annum, subject to a 3.00% floor, with interest on the New Money Facility and the Senior Takeback Facility payable in cash on a monthly basis, interest on the Junior Takeback Facility payable in-kind on a monthly basis, and the New Money Facility subject to an additional make-whole premium payable upon repayment, prepayment, maturity, or acceleration. The Takeback Credit Facility matures on the date that is five years after the Effective Date. All obligations of the loan parties under the Takeback Credit Facility will be secured by a first-priority security interest in substantially all assets of the loan parties. The Takeback Credit Facility includes a minimum liquidity covenant and provides for mandatory prepayments from: (i) a monthly sweep of excess cash flow, (ii) net cash proceeds of certain asset sales, subject to exceptions and reinvestment rights; and (iii) net cash proceeds of certain extraordinary receipts, subject to exceptions and reinvestment rights. Cancellation of Prior Debt Pursuant to the Plan, on the Effective Date, the obligations of the Debtors under the following material debt agreements were cancelled: (i) the Superpriority Senior Secured Credit Agreement, dated as of Aug. 6, 2025, by and among Norvax, LLC, as borrower, Blizzard Midco, LLC, the lenders and issuing banks party thereto, and Blue Torch Finance, LLC, as administrative agent and collateral agent; and (ii) the Credit Agreement, dated as of September 13, 2019, as amended, by and among Norvax, LLC, as borrower, Blizzard Midco, LLC, the lenders and issuing banks party thereto, and Blue Torch Finance, LLC, as administrative agent and collateral agent. In addition, all notes, instruments, certificates, and other documents evidencing claims or interests, including that certain stockholders agreement dated July 15, 2020, were automatically deemed cancelled, discharged, and of no further force and effect. Tax Receivable Agreement Amendment On the Effective Date, in accordance with the Plan, the Company, GoHealth Holdings, LLC and certain parties entered into an Amendment to the Tax Receivable Agreement dated as of July 15, 2020, pursuant to which: (a) consummation of the Plan did not trigger a change of control or any associated early termination payment under the Tax Receivable Agreement, and (b) no future payments may be made pursuant to the Tax Receivable Agreement if such payment is not permitted under, or would result in a breach of or an event of default under, any credit agreement or other financing arrangement of the Reorganized Debtors. Board of Directors and Equity Incentive Plans Pursuant to the Plan, on the Effective Date, the existing board of directors of the Company dissolved. Immediately following such dissolution, the following individuals were appointed directors of Reorganized GoHealth: Vijay Kotte, Scott Avila, Neal Goldman, and Conor Colpoys. All equity incentive plans of the Company and all related documentation, including options, restricted stock units and other awards, were cancelled, discharged, and are of no further force and effect. Deregistration of Securities In conjunction with its emergence from bankruptcy, the Company intends to promptly file a Form 15 with the SEC to deregister its securities under Section 12(g) of the Exchange Act and suspend its reporting obligations under Sections 13(a) and 15(d) of the Exchange Act. Upon the filing of the Form 15, the Company's obligations to file periodic and current reports with the SEC will be immediately suspended, and the termination of registration is expected to become effective 90 days after the filing. Additional Information Full-text copies of the Plan, Confirmation Order, Takeback Credit Facility, and TRA Amendment are available at https://tinyurl.com/ms8axceh, https://tinyurl.com/4vn5z8sf, https://tinyurl.com/5bwxr28u, and https://tinyurl.com/kusafdye, respectively. About GoHealth Inc. GoHealth is a Chicago, Illinois-based health insurance marketplace founded in 2001 by Brandon Cruz and Clinton Jones. The company assists consumers with comparing Medicare health plans and certain other insurance products using proprietary technology and provides support during and after enrollment. GoHealth also offers enrollment services for multiple plan types and one-on-one consultations through licensed agents. The company originally operated as Norvax, Inc. and initially provided lead management software and digital services to independent health insurance brokers. GoHealth Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10914) on June 7, 2026. In its petition, GoHealth reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtors are represented by Laura Davis Jones, Esq., and Edward A. Corma, Esq., at Pachulski, Stang, Ziehl & Jones LLP. Donlin, Recano & Company, LLC is the Debtors' claims and noticing agent. GOLIATH VENTURES: Plan Exclusivity Period Extended to Dec. 31 ------------------------------------------------------------- Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern District of Florida extended Goliath Ventures Inc., a Wyoming corporation, and Goliath Ventures Inc., a Florida corporation f/d/b/a Gen-Z Venture Firm, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to Dec. 31, 2026 and March 1, 2027, respectively. As shared by Troubled Company Reporter, the Debtors submit that ample cause exists to extend the Exclusive Periods in the Debtors' Chapter 11 cases. To begin, the Receiver was appointed pre-petition and quickly caused the Debtors to file for bankruptcy protection, making the determination that filing was in the best interests of creditors. The Receiver considered, among other things, the allegations by civil litigation plaintiffs as well as the United States of America that Mr. Delgado perpetrated a massive Ponzi scheme through and upon the Debtors. The Debtors explain that they are not seeking to use exclusivity to pressure creditors into accepting a plan they find unacceptable. The Debtors submit that granting the requested relief will result in no prejudice or harm to any parties in interest. The Debtors claim that they have conferred with (1) the Committee and anticipate that the Committee will advise at its earliest opportunity as to whether it consents to the requested relief; and (2) the Office of the U.S. Trustee, which does not have a position at the present time. The Debtors submit that an extension of the Exclusive Periods is warranted and appropriate. The requested relief will afford the Debtors a full and fair opportunity to negotiate, propose, and seek acceptance of a confirmable Chapter 11 plan. About Goliath Ventures Inc. Goliath Ventures Inc., formerly known as Gen-Z Venture Firm Inc., incorporated in Florida, was a cryptocurrency investment firm offering high-yield digital asset programs and liquidity pool investments to institutional and retail investors. A Florida court appointed Michael S. Budwick as receiver to secure remaining assets and records. Goliath Ventures and affiliate Goliath Ventures Inc., formerly known as Goliath Ventures Inc., a FL corporation, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-13174) on March 16, 2026. Michael S. Budwick, receiver of Goliath Ventures, signed the petition. At the time of the filing, Goliath Ventures reported $1 million to $10 million in assets and $100 million to $500 million in liabilities. Judge Laurel M. Isicoff presides over the cases. The Debtors are represented by: Solomon B. Genet, Esq. Meland Budwick, P.A. 200 South Biscayne Boulevard, Suite 3200 Miami, FL 33131 Telephone: (305) 358-6363 Email: sgenet@melandbudwick.com Jonathan S. Feldman, Esq. and Phang & Feldman, P.A. serve as counsel for the Official Committee of Unsecured Creditors. GREYHOUND ARAMINGO: Taps Valbridge Property Advisors as Appraiser ----------------------------------------------------------------- Greyhound Aramingo Petroleum Co., Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Valbridge Property Advisors as real estate appraiser. The firm will develop an opinion of the market value of the property as of a current date. The intended use of the report is to provide guidance in connection with Chapter 11 bankruptcy. The firm will be compensated at a payable fee of $4,000 with a $2,000 retainer. Richard Wolf, an appraiser at Valbridge Property Advisors, 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: Richard Wolf Valbridge Property Advisors 5250 Old Orchard Rd., Ste. 300 Skokie, IL 60077 About Greyhound Aramingo Petroleum Co. Inc. Greyhound Aramingo Petroleum Co., Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12387) on June 1, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Derek J. Baker presides over the case. Albert Anthony Ciardi, III, Esq., at Ciardi Ciardi & Astin represents the Debtor as counsel. GROUND WEST: Gets OK to Use Cash Collateral ------------------------------------------- The United States Bankruptcy Court for the Middle District of Tennessee entered an order authorizing Ground West Franklin, LLC, to continue using cash collateral. The order authorized the Debtor to use cash collateral to pay ordinary and necessary operating expenses in accordance with the operating budget previously filed on June 2, 2026. The Debtor is also authorized to access and use all existing cash, bank deposits, cash equivalents, post-petition revenues, accounts receivable, and funds held by third-party payment processors without interference from creditors asserting interests in those funds. As adequate protection, the court granted parties asserting an interest in the cash collateral including the U.S. Small Business Administration, identified as the potential cash collateral lienholder—a replacement lien on the Debtor's post-petition property and proceeds with the same priority and extent as their pre-petition liens. The Debtor must also maintain an overall positive balance in its debtor-in-possession (DIP) account throughout the case. The Court emphasized that the order does not determine whether any specific cash or post-petition receipts actually constitute a secured creditor's collateral and preserves all parties' rights to later challenge the validity, priority, enforceability of liens, or the adequacy of the protection provided. A copy of the court's order is available at https://shorturl.at/zt52X from PacerMonitor.com. About Ground West Franklin LLC Ground West Franklin, LLC operates a fast-casual restaurant operating in Williamson County, Tennessee. Ground West Franklin filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-02343) on May 15, 2026. In the petition signed by Matthew Gonzalez, co-owner, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Nancy B. King oversees the case. Jay R. Lefkovitz, Esq., at Lefkovitz & Lefkovitz, PLLC, represents the Debtor as legal counsel. Timothy Stone of Newpoint Advisors Corporation serves as Subchapter V trustee for the Debtor. GVO PARTNERS: Wins Approval to Convert Chapter 11 Case to Chapter 7 ------------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that GVO Partners received court approval Tuesday to convert its Chapter 11 bankruptcy into a Chapter 7 liquidation, after company counsel advised the Delaware bankruptcy court that continuing the reorganization case was no longer practical. The medical spa operator acknowledged that it could not pursue a viable restructuring, prompting the request to move the case into liquidation. Under Chapter 7, an independent trustee will take over management of the bankruptcy estate and oversee the sale of assets to maximize recoveries for creditors, the report relays. The decision effectively ends the company's restructuring efforts and transitions the case into the liquidation phase. The trustee will now administer the estate and distribute proceeds according to the priority scheme established under federal bankruptcy law, according to Law360. About GVO Partners LLC GVO Partners LLC is a healthcare-focused investment firm specializing in the medical aesthetics sector. The company partners with medical spas, cosmetic dermatology clinics, and plastic surgery practices, providing growth capital and operational support to help businesses scale and improve profitability. GVO Partners LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10976) on June 16, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $10 million and $50 million. The Debtor is represented by Thomas Joseph Francella, Jr., Esq. of Raines Feldman Littrell LLP. H&H ENTERPRISES: Taps Moffa Sutton and Donnini as Special Counsel ----------------------------------------------------------------- H&H Enterprises of PC BCH LLC, doing business as Sandbar, seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Moffa, Sutton, and Donnini, PA as special litigation counsel. The firm will provide taxation matters and negotiate with creditor entities in matters relating to the Florida Department of Revenue, specifically potential levees and seizure related to the Debtor's property. David Brennan, Esq., an attorney at Moffa, Sutton, and Donnini, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David Brennan, Esq. Moffa, Sutton, and Donnini, PA 3500 Financial Plaza, Suite 330 Tallahassee, FL 32312 About H&H Enterprises of PC BCH LLC d/b/a Sandbar H&H Enterprises of PC BCH LLC d/b/a Sandbar, a Florida corporation established in December 2009, operates a restaurant in the heart of Panama City Beach, Fla. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 24-50032) on March 6, 2024, listing $165,486 in assets and $1,086,708 in liabilities. The petition was signed by Craig K. Harris as manager. Judge Karen K. Specie oversees the case. The Debtor tapped Michael Austen Wynn, Esq., at Wynn & Associates PLLC as bankruptcy counsel and Marcus Green, Esq., at Perry & Young PA and David Brennan, Esq., at Moffa, Sutton, and Donnini, PA as special litigation counsel. HAWAIIAN ELECTRIC: S&P Upgrades ICR to 'BB-', Outlooks Stable ------------------------------------------------------------- S&P Global Ratings raised its issuer credit ratings on Hawaiian Electric Industries Inc. (HEI) and its subsidiaries--HECO, Hawaii Electric Light Co. Inc. (HELCO), and Maui Electric Co. Ltd. (MECO)--to 'BB-' from 'B+'. The outlook on all these entities is stable. S&P said, "We also affirmed our 'BB' rating on HECO's senior unsecured debt, and revised the recovery rating to a '2' from '1' recovery rating, and we maintained our 'B' rating on HEI's commercial paper. "The stable outlook on HEI and its subsidiaries reflects our expectations that the group's financial measures will improve, including consolidated funds from operations (FFO) to debt increasing to consistently above 12% beginning in 2027. At the same time, we expect that HEI will continue to focus on proactively mitigating its wildfire risk exposure while effectively managing regulatory risk." On June 25, 2026, the Hawaii Public Utilities Commission (HPUC) approved approximately $350 million in cost recovery for Hawaiian Electric Co. Inc.'s (HECO) wildfire-mitigation plan (WMP) investments, which is expected to be spent over three years. This follows HPUC's December 2025 approval of HECO's WMP and strategy, finding that the company substantially complied with the commission's wildfire-mitigation guidelines and that the plan can be reasonably expected to reduce wildfire risk. HECO continues to take steps to reduce its wildfire risks, including successfully implementing a public safety power shut off (PSPS) program. Taken together, S&P believes this reflects a modest reduction in business risk for Hawaiian Electric Industries Inc. (HEI) and its principal subsidiary, HECO. The upgrade reflects a gradual decrease in HEI's and HECO's business risk. In approving cost recovery for HECO's WMP spending as well as its strategy to mitigate wildfire risk, the HPUC determined that the company substantially complied with the commission's mitigation guidelines and that the plan can reasonably be expected to reduce wildfire risk. S&P believes these developments are important steps because to be eligible under the proposed liability cap (as determined under ACT 258, effective July 1, 2025), an electric utility must have an approved wildfire-mitigation plan. It also shall have sought and received a determination from the commission that the plan is being implemented on the timeline approved by the commission and be in full compliance with any conditions and reporting requirements established by rule. In addition, the company began implementing PSPS in July 2024 and has executed several PSPS events since then. While the need to implement PSPS demonstrates persistent wildfire risks within the company's service territory, the company's successful implementation of the PSPS tool is still supportive of credit quality. S&P said, "Furthermore, the company has implemented several operational improvements that we believe will continue to gradually reduce wildfire risks. These include the installation of AI-enabled cameras, weather stations, and an enhanced vegetation management program. We expect the company will continue to invest in wildfire mitigation, with over 75% of such spending focused on grid hardening, while refining its risk modeling and establishing clearer timelines for vegetation management. Overall, we believe these measures reflect a modest decrease in business risk for HEI and HECO. As such, we upwardly revised our assessment of HEI's and HECO's business risk profile to satisfactory from fair." Determining a liability cap on economic damages and establishing a wildfire fund could take longer than expected. On Dec. 31, 2025, the HPUC completed its study related to the establishment of a state-level wildfire recovery fund for damages arising from future catastrophic wildfires. The commission concluded that while a wildfire recovery fund is likely warranted in the future, it is closely intertwined with the determination of a utility liability cap and needs additional analysis. As such, its creation should be postponed until the completion of HPUC's administrative rulemaking process establishing liability caps for electric utilities and an actuarial study to determine an appropriate size and structure for a wildfire recovery fund. HPUC is currently still engaged in a rulemaking process to determine an aggregate liability cap, with no clear timeline for when the process will be fully resolved (including the completion of an actuarial study for the wildfire fund). Overall, S&P expects the entire process could take additional time beyond its outlook horizon, given its complexity. HEI and HECO recently authorized and paid the first of four payments related to claims from the 2023 Maui wildfire. This consists of approximately $479 million that was pre-funded with equity in late 2024. S&P expects that the remaining installment payments will be funded in a credit-supportive manner. S&P said, "We assess HEI's and HECO's financial risk profile as aggressive. Our use of the standard volatility table to evaluate HEI's financial measures reflects the company's regulated utility business model and generally consistent regulatory risk management, partially constrained by the lack of a fully implemented liability cap and an available wildfire fund. We expect HEI to generate FFO to debt of about 10.5% in 2026 before improving to consistently above 12% beginning in 2027. Our base case assumes capital spending of about $740 million, three additional installment payments related to the Maui wildfire settlements that are funded in a credit-supportive manner, and negative discretionary cash flow. HECO is currently undergoing a re-basing process for its performance-based ratemaking process that establishes rates for the next five years, and our base case assumes constructive regulatory outcomes. "Our assessment of HEI's stand-alone credit profile incorporates a negative comparable ratings analysis modifier. This reflects our expectation for HEI's FFO to debt to reflect the lower end of the range for its financial profile category compared to peers with similar financial risk profiles. Use of the negative comparable rating analysis modifier also reflects our view of HEI's standing within the satisfactory business risk profile compared to peers. Specifically, we deem HEI's business risk as reflecting the lower end of the range compared to peers. "The stable outlook on HEI and its subsidiaries reflects our expectations that its financial measures will improve, including consolidated FFO to debt increasing to consistently above 12% beginning in 2027. At the same time, we expect that HEI will continue to focus on proactively mitigating its wildfire risk exposure while effectively managing regulatory risk. "We could lower the rating on HEI and subsidiaries over the next 12 months if FFO to debt doesn't consistently improve to above 12% beginning in 2027. This could occur if the company experiences adverse regulatory outcomes that pressure credit quality. We could also lower ratings over this period if the company's equipment causes a material wildfire despite the steps taken to lower this risk. "We could raise our ratings on HEI and its subsidiaries over the next 12 months if the implementation of the liability caps and a wildfire fund adequately protect HEI from a meaningful portion of liabilities related to a potential severe wildfire of similar magnitude as experienced in 2023, while HEI maintains consolidated FFO to debt consistently above 12%." HERITAGE COAL: Trustee Alleges Former Owners Concealed Fraud ------------------------------------------------------------ Rick Archer of Law360 Bankruptcy Authority reports that The liquidating trustee for Heritage Coal has joined forces with the company's purchaser in suing the mining firm's former owners, alleging they concealed fraudulent conduct that left the buyer facing millions of dollars in unexpected losses. According to the complaint filed in Delaware bankruptcy court, the former owners allegedly failed to provide truthful and complete information during the transaction, causing the acquiring company to inherit substantial financial problems after the sale. The trustee maintains that creditors were also harmed by the alleged misconduct. The lawsuit seeks damages and other relief designed to increase recoveries for the bankruptcy estate. The case underscores the continuing legal battles tied to Heritage Coal's bankruptcy and the sale of its assets, the report states. About Heritage Coal & Natural Resources LLC Heritage Coal & Natural Resources LLC is a coal mining company based in Meyersdale, Pennsylvania that specializes in coal extraction and processing operations in Somerset County. The company operates from its principal location at 1117 Shaw Mine Road and maintains multiple coal leases with regional landowners including Allegany Coal and Land Company, Beechwood Coal LLC, and Shaw Big Vein Coal Company for its mining operations. Heritage Coal & Natural Resources LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10602) on March 30, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Jeffrey R. Waxman at Morris James LLP. HIGH STREET: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: High Street Hotel Group, LLC 310 Greymont Ave Jackson, MS 39202 Business Description: High Street Hotel Group, LLC, based in Jackson, Mississippi, operates a hotel at 310 Greymont Ave., providing lodging, meeting space and related hospitality services to business, leisure and institutional customers. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Southern District of Mississippi Case No.: 26-01916 Judge: Hon. Jamie A Wilson Debtor's Counsel: Thomas C. Rollins, Jr., Esq. THE ROLLINS LAW FIRM, PLLC P.O. Box 13767 Jackson, MS 39236 Tel: 601-500-5533 Email: trollins@therollinsfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Sunny Desai as owner. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2JOU5IY/High_Street_Hotel_Group_LLC__mssbke-26-01916__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2ACQO6A/High_Street_Hotel_Group_LLC__mssbke-26-01916__0001.0.pdf?mcid=tGE4TAMA HILBERT GROUP: Plan Exclusivity Period Extended to Sept. 22 ----------------------------------------------------------- Judge Mark Houle of the U.S. Bankruptcy Court for the Central District of California extended Hilbert Group LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 22 and Nov. 21, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it does not currently have accurate financial information that will support its feasibility, although the plan will not be a complicated one given that it will be funded in substantial part through a sale of the Property. The Debtor is going to need to continue to operate pending the sale and it is presently unclear whether the Debtor has sufficient cash flow without a source of financing to get through a sale of the Property. The Debtor claims that it is under new management so lacks historical knowledge of the Debtor's financial conditions and the historical financials may not have been entirely accurate in any event. To allow the Debtor sufficient time to gauge its financial performance and determine exactly how it will exit this case, the Debtor requires additional time to formulate its disclosure statement and plan. Accordingly, the Debtor requests that the Court modify the Scheduling Order to provide that the Debtor may have until Sept. 22, as the exclusive deadline for the Debtor to file its disclosure statement and plan and that the Court extend the deadline to solicit acceptances by ninety days, to Nov. 21. Hilbert Group LLC is represented by: Kyra E. Andrassy, Esq. Raines Feldman Littrell LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Telephone: (310) 440-4100 Facsimile: (310) 691-1943 E-mail: kandrassy@raineslaw.com About Hilbert Group LLC Hilbert Group LLC owns and operates a shopping center in Temecula, California, at 27415, 27445, 27481, 27515, and 27535 Jefferson Avenue. The Property is a multi-parcel retail center located along the I 15 freeway and contains approximately 65,910 square feet of combined building area consisting of in-line retail stores and a freestanding pad building. The Property has approximately 20 retail tenants and is 60% leased and generates gross monthly rents of approximately $105,000. It is subject to a lien in favor of DS PE Holdco, LLC, with Holdco asserting that it is currently owed approximately $13,317,552. Hilbert Group LLC sought relief under Chapter 11 of the Bankruptcy Code (Bankr. Case No. 26-10578) on Feb. 24, 2026. In its petition, the Debtor estimated assets between $10 million and $50 million and liabilities between $10 million and $50 million. Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by William J. Wall, Esq. of Wall & Son. HILL METAL: Hires Evans & Mullinix as General Bankruptcy Counsel ---------------------------------------------------------------- Hill Metal Development, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Evans & Mullinix, PA to handle its Chapter 11 case. The firm will be paid at these hourly rates: Colin Gotham, Attorney $400 Paralegals $125 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $24,780 from the Debtor. Mr. Gotham 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: Colin N. Gotham, Esq. Evans & Mullinix, PA 7225 Renner Road, Suite 200 Shawnee, KS 66217 Telephone: (913) 962-8700 Facsimile: (913) 962-8701 Email: cgotham@emlawkc.com About Hill Metal Development LLC Hill Metal Development, LLC is a Kansas City, Missouri-based hotel real estate company that owns the Holiday Inn Express & Suites Kansas City Sports Complex Area, a lodging property at 8551 E. Blue Parkway Drive in Kansas City, Missouri. Hill Metal Development, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-20999) on July 6, 2026. In its petition, the Debtor reports total assets of $7,151,592 and total liabilities of $6,992,455. The Honorable Dale L. Somers handles the case. The Debtor is represented by Colin N. Gotham, Esq., at Evans & Mullinix, PA. HOMETOWN CHIROPRACTIC: Gets Extension to Access Cash Collateral --------------------------------------------------------------- Hometown Chiropractic, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral. The court entered a fourth interim order authorizing the Debtor to use cash collateral until the final hearing in accordance with its budget. Spending is subject to a 10% variance for individual expense categories and in the aggregate. As adequate protection, creditors asserting liens on cash collateral will be granted replacement liens on the Debtor's post-petition property and proceeds, excluding avoidance action claims. These replacement liens are automatically perfected without the need for additional filings or possession of collateral. The Debtor reserves the right to challenge the validity or extent of any asserted liens at or before the final hearing. The court also directed all parties holding funds owed to the Debtor to immediately release those funds, regardless of any pre-petition demands or instructions from lienholders. Interference with the transfer of such funds may constitute a violation of the automatic stay. The order is available at http://bankrupt.com/misc/HometownChiropractic_ICCOrder59.pdf A final hearing is scheduled for August 19. Hometown Chiropractic'S financial distress was driven by Tactic Franchising's alleged franchise termination and arbitration, which disrupted cash flow, and by costly merchant cash advances in 2025 that strained liquidity and left unsustainable obligations. About Hometown Chiropractic LLC Hometown Chiropractic, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01799) on April 17, 2026. In the petition signed by Anne Peters, manager, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Charles M. Walker oversees the case. Michelle L. Spezia, Esq., at Johnson & Spezia, PLLC, represents the Debtor as legal counsel. Michael Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC, serves as Subchapter V trustee for the Debtor. HOMETOWN HOSPITALITY: Daniel Etlinger Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of Underwood Murray, P.A. as Subchapter V trustee for Hometown Hospitality, LLC. Mr. Etlinger will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Etlinger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Daniel E. Etlinger Underwood Murray, P.A. 100 N. Tampa Street, Suite 2325 Tampa Florida 33602 (813) 540-8401 Email: detlinger@underwoodmurray.com About Hometown Hospitality LLC Hometown Hospitality, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-40414) on July 15, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Byron Wright, III, Esq., at Bruner Wright, P.A. represents the Debtor as legal counsel. HOWARD MIDSTREAM: S&P Rates Proposed $600MM Senior Unsec. Notes BB- ------------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue-level rating and '4' recovery rating to Howard Midstream Energy Partners LLC's (HEP) proposed $600 million senior unsecured notes. The company plans to use the proceeds of the offering to repay revolver drawings, for general corporate purposes, and related fees and expenses. In May 2026, HEP acquired the remaining 50% interest in Midship and recently repaid Midship Pipeline's term loan A. HEP recently upsized its revolver to $1.3 billion from $1 billion, further enhancing liquidity. S&P said, "We consider the transaction leverage neutral, and therefore it does not affect our overall view of credit quality because we already fully consolidate Midship debt. Our 'BB-' issuer credit rating and stable outlook on HEP are unchanged." HEP is a midstream energy company that owns and operates natural gas and crude oil gathering and transportation pipelines, natural gas processing plants, liquid storage terminals, and other midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania, and Mexico. It is owned and operated in part by affiliates of Alberta Investment Management Corp. (71%), a large university endowment (20%), and management and private investors (9%). Issue Ratings--Recovery Analysis Key analytical factors -- S&P's simulated default scenario assumes a default in 2030 following prolonged weak commodity prices, reducing drilling in the South Texas and Marcellus shale regions. This lessens volume flow throughout its footprint and, subsequently, revenue and cash flow. -- To value the company, S&P applies a 7x multiple to its estimated post-default emergence EBITDA of about $289 million. S&P's valuation suggests a gross enterprise value of about $2 billion. -- S&P assumes the $1.3 billion revolving facility is 85% drawn at default, reflecting its assumption that the company has used capacity for an acquisition or large growth project. Simulated default assumptions -- Simulated year of default: 2030 -- EBITDA at emergence: $289 million -- EBITDA multiple: 7x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $1.92 billion -- Senior secured debt: $1.15 billion --Recovery expectations: Not applicable -- Collateral value available to unsecured creditors: $775 million -- Senior unsecured notes: $2 billion --Recovery expectations: 30%-50% (rounded estimate: 35%) All debt amounts include six months of prepetition interest. HULL ORGANIZATION: Property Sale Not Free and Clear of USMAA Lease ------------------------------------------------------------------ Judge Mary E. Naumann of the U.S. Bankruptcy Court for the Western District of Kentucky will grant in part and deny in part US Martial Arts Academy, Inc.'s ("USMAA") Motion for Summary Judgment on Motion for Relief from Sale Order in the bankruptcy case of Hull Organization, LLC. In the Motion, USMAA requests the following relief: (1) A declaration that the Order Authorizing the Private Sale of Collateral Free and Clear of Liens, Claims, and Encumbrances ("Sale Order"), entered on January 23, 2024, is void as to USMAA's leasehold interest in the premises located at 834 Ohio Pike, Unit 240, Cincinnati, Ohio 45245, due to the failure to provide USMAA with constitutionally adequate notice of the bankruptcy proceedings as required by the Due Process Clause of the Fifth Amendment; (2) A declaration that the premises were sold subject to USMAA's lease dated March 1, 2020 with Hull Organization, LLC, that is, that the premises were not sold free and clear of the lease in the bankruptcy sale, and such lease remains in full force and effect through its stated term of February 28, 2030; (3) A declaration that Park Plaza Holdings, LLC ("Park Plaza") waived and ratified USMAA's lease through its post-closing conduct, including acknowledging that "all leases have been assigned," reviewing USMAA's lease before closing, and accepting rent payments from USMAA for approximately nineteen months; and (4) A declaration that Park Plaza is not a bona fide purchaser for value without notice with respect to USMAA's leasehold interest. Hull Organization, LLC (the "Debtor") filed a petition initiating the bankruptcy proceeding on December 13, 2023 under Chapter 11 of the Bankruptcy Code. Prior to filing the bankruptcy petition, USMAA occupied a designated portion of real property owned by the Debtor commonly identified as 830 & 834 State Route 125, Cincinnati, Ohio (the "Property"), pursuant to a Retail Commercial Lease Agreement dated March 1, 2020. Cullen Bilyeu negotiated the sale of the Property to Park Plaza. Mr. Bilyeu, in his capacity as receiver for Robert Hull, the principal of the Debtor, and Mark D. Ayer, as a member of Park Plaza, executed the Sale Agreement on or around December 7, 2023. In the Sale Agreement, Park Plaza offered to acquire the Property "along with all improvements, attachments and appurtenances; subject to normal and standard title exceptions." It is undisputed that USMAA was never served with notice of Debtor's bankruptcy filing. On January 8, 2024, approximately 24 days after filing the bankruptcy petition, the Debtor, along with its secured lender, Stock Yards Bank & Trust Company ("SYB"), filed a joint motion for authority to sell the Property. USMAA did not and has not asserted a lien or security interest against the Property. Consequently, USMAA was never provided notice of or opportunity to object to the Joint Sale Motion. USMAA was not afforded an opportunity to protect its leasehold rights prior to the approval of the proposed sale. The Debtor did not file a motion to assume or reject the unexpired leases connected to the Property under 11 U.S.C. Sec. 365. Specifically, no such motion was filed with respect to USMAA's Lease. As such, the Court was never presented with any issues raised by Sec. 365, including assumption, cure, and assignment or rejection damages or claims. On January 23, 2024, the Court entered an order approving the Joint Sale Motion and authorizing the Debtor's sale of the Property to Park Plaza. The Sale Order also provided that the sale to Park Plaza was "free and clear" of certain specific interests under Sec. 363(f) of the Bankruptcy Code. The Court finds that the Sale Order did not sell the Property free and clear of USMAA's leasehold interest. By use of the "subject to" language, the Sale Agreement expressly provided that these leases would accompany the Property through the sale. The Sale Order did not directly conflict with the Sale Agreement on this point. Furthermore, even if the Sale Order could be read more broadly to provide for a sale free and clear of the USMAA's leasehold interest, such order would be void as to USMAA because USMAA was not provided constitutionally mandated due process. Because the Court finds that the sale was subject to USMAA's Lease and thus not sold free and clear of that Lease, and USMAA did not request a remedy other than interpretation of the Court's order, the Court will grant in part and deny in part USMAA's Motion. A copy of the Court's Memorandum Opinion dated July 16, 2026, is available at https://urlcurt.com/u?l=c3kppu from Pacermonitor.com. About Hull Organization Hull Organization, LLC is primarily engaged in renting and leasing real estate properties. Hull Organization filed Chapter 11 petition (Bankr. W.D. Ky. Case No. 23-32983) on Dec. 13, 2023, with $1 million to $10 million in both assets and liabilities. Robert E. Hull, member, signed the petition. Hull Organization's case is jointly administered with the Chapter 11 cases of Hull Equity, LLC (Case No. 23-32984); Hull Properties, LLC (Case No. 23-32985); and 4 West, LLC (Case No. 23-32987). The Debtors' headquarters are located at 1902 Campus Place, Suite 9, Louisville, Kentucky 40299. Judge Alan C. Stout oversees the cases. Tyler R. Yeager, Esq., at Kaplan Johnson Abate & Bird, LLP represents the Debtor as counsel. HUNT PROPERTIES: Seeks to Hire Brandon Clenney as Accountant ------------------------------------------------------------ Hunt Properties seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Brandon Clenney, a public accountant practicing in Tenn. The firm's services include: (a) assist the Debtor in general accounting and tax related matters; (b) prepare on behalf of the Debtor any necessary accounting and/or tax forms or other related papers; (c) prepare pro forms for the plan of reorganization and potential post-petition lenders; and (d) perform all other accounting or tax related services necessary on behalf of Debtor. Brandon Clenney, CPA, will be paid at his hourly rate of $370, plus reimbursement. Mr. Clenney disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The professional can be reached at: Brandon Clenney, CPA 100 Stonebridge Blvd. Jackson, TN 38305 About Hunt Properties Hunt Properties is a Jackson, Tennessee-based commercial real estate development and management firm. The company focuses on the acquisition, development, leasing, and management of commercial real estate properties. Hunt Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-10889) on June 25, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge James L. Croom handles the case. The Debtor tapped Thomas Harold Strawn, Jr., Esq., as counsel and Brandon Clenney as accountant. HUNT PROPERTIES: Seeks to Hire Thomas Strawn as Bankruptcy Counsel ------------------------------------------------------------------ Hunt Properties seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Thomas Strawn, Esq., an attorney practicing in Dyersburg, Tenn., as counsel. The attorney's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and management of its property; (b) assist the Debtor in the preparation of its statement of financial affairs, schedules, statement of executory contracts and unexpired leases, and any papers or pleadings, or any amendments thereto that it is required to file in these cases; (c) represent the Debtor in any proceeding that is instituted to reclaim property or obtain relief from the automatic stay imposed by Section 362 of the Bankruptcy Code or that seeks the turnover or recovery of property; (d) provide assistance, advice and representation concerning the formulation, negotiation and confirmation of a Plan of Reorganization (and accompanying ancillary documents); (e) provide assistance, advice and representation concerning any investigation of the assets, liabilities and financial condition of the Debtor that may be required; (f) represent the Debtor at hearings or matters pertaining to affairs; (g) prosecute and defend litigation matters and such other matters that might arise during and related to these Chapter 11 cases; (h) provide counsel and represent with respect to the assumption or rejection of executory contracts and leases and other bankruptcy-related matters arising from these cases; (i) represent the Debtor in matters that may arise in connection with its business operations, its financial and legal affairs, its dealings with creditors and other parties-in-interest and any other matters, which may arise during the bankruptcy case; (k) render advice with respect to the myriad of general corporate and litigation issues relating to these cases; (l) perform such other legal services as may be necessary and appropriate for the efficient and economical administration of these Chapter 11 cases. Mr. Strawn's hourly rate is $350. His paralegal's hourly rate is $100. In addition, the attorney will seek reimbursement for expenses incurred. He received a retainer of $15,000 from the Debtor. Mr. Strawn 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 attorney can be reached at: Thomas H. Strawn, Esq. 115 S. Mill Ave. Dyersburg, TN 38024 Email: tstrawn42@bellsouth.net About Hunt Properties Hunt Properties is a Jackson, Tennessee-based commercial real estate development and management firm. The company focuses on the acquisition, development, leasing, and management of commercial real estate properties. Hunt Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-10889) on June 25, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge James L. Croom handles the case. The Debtor tapped Thomas Harold Strawn, Jr., Esq., as counsel and Brandon Clenney as accountant. INKS & BINDINGS: Seeks Approval to Hire Pena & Soma as Counsel -------------------------------------------------------------- Inks & Bindings, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Pena & Soma, APC as counsel. The firm's services include: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of its estate; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States trustee; (d) provide the Debtor legal advice and assistance with respect to its powers and duties in the continued operation of its business and management of property of the estate; (e) assist the Debtor in the administration of the estate's assets and liabilities; (f) prepare necessary legal papers on behalf of the Debtor; (g) assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against its estate; (h) provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (i) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The firm's hourly rates are as follows: Leonard Pena, Attorney $500 Julie Soma, Attorney $450 Paralegal $145 In addition, the firm will seek reimbursement for expenses incurred. On or about June 1, 2026, the firm received a retainer of $21,738 from the Debtor. Mr. Pena 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: Leonard Pena, Esq. Pena & Soma, APC 1003 Diamond Ave., Suite 202 South Pasadena, CA 91030 Telephone (626) 396-4000 Facsimile (626) 498-8875 Email: lpena@penalaw.com About Inks & Bindings LLC Inks & Bindings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11800) on June 9, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Mark D. Houle presides over the case. Leonard Pena, Esq., at Pena & Soma, APC represents the Debtor as counsel. INNOVATIVE INDUSTRIAL: Parallel Defaults on $1.6M Lease Payments ---------------------------------------------------------------- Innovative Industrial Properties, Inc., through indirect, wholly owned subsidiaries serving as landlords, said in a regulatory filing with the Securities and Exchange Commission that it previously entered into leases with certain affiliates of SH Parent, Inc., as the respective tenants, and SH Parent, Inc., as guarantor (collectively, "Parallel") for two properties in Florida that the Company owns, which represented approximately 5.2% of the Company's annualized contractual rent and income from loans and securities and 5.7% of the Company's annualized contractual rent for the three months ended March 31, 2026. On July 20, 2026, Parallel defaulted (beyond the applicable cure periods) on its obligations to pay rent for the month of July under its two Leases with the Company, including base rent, reimbursements for estimated tax and insurance payments, default interest, and late charges totaling approximately $1.6 million for these two properties. The Company is holding security deposits pursuant to these Leases which may be applied to cover the payment in full of the defaulted rent and estimated tax and insurance payments, in addition to late charges and interest. On the same day, counsel for Parallel notified the Company that Parallel had ceased its cannabis operations at both properties and intends to vacate the properties and surrender possession thereof to the Company. The Company said that it intends to coordinate with Parallel regarding an orderly transition of possession of the properties while continuing to reserve all rights and remedies available to the Company under the Leases. About Innovative Industrial Properties Inc. Innovative Industrial Properties, Inc. is an internally-managed REIT focused on the acquisition, ownership, and management of specialized industrial and commercial properties in the United States. Its properties are primarily leased to experienced, state-licensed operators for their regulated cannabis facilities. The Company has acquired and intend to continue to acquire its properties through sale-leaseback transactions and third-party purchases. The Company has leased and expects to continue to primarily lease its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, real estate taxes, and insurance. The Company's independent auditor, Sadler, Gibb & Associates, LLC, based in Draper, Utah, and serving since 2018, included a "going concern" qualification in its report dated Feb. 24, 2026, citing the Company's significant outstanding debt obligation that matures within the next 12 months raises substantial doubt about the Company's going concern. As of March 31, 2026, the Company had $2.4 billion in total assets, $499.4 million in total liabilities, and $1.9 billion in total stockholders' equity. INOTIV INC: Court Confirms Joint Prepackaged Chapter 11 Plan ------------------------------------------------------------ Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas approved the Disclosure Statement and confirmed the Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc. and Its Affiliated Debtors. The Disclosure Statement (i) contains sufficient information of a kind necessary to satisfy the disclosure requirements of all applicable non-bankruptcy rules, laws, and regulations, including the Securities Act and (ii) contains "adequate information" (as such term is defined in section 1125(a) of the Bankruptcy Code and used in Section 1126(b)(2) of the Bankruptcy Code) with respect to the Debtors, the Plan, and the transactions contemplated therein. Class 3 (Prepetition First Lien Claims) has voted as follows: Holders of 23 claims in the aggregate amount of $313,945,424.67 voted to accept the Plan, and no Holders voted to reject the Plan. Class 5 (Prepetition PIK Notes Claims) has voted as follows: Holders of 8 claims in the aggregate amount of $28,327,166.00 voted to accept the Plan, and no Holders voted to reject the Plan. Class 6 (Prepetition Unsecured Convertible Notes Claims) has voted as follows: Holders of 44 claims in the aggregate amount of $124,937,000.00 voted to accept the Plan, and no Holders voted to reject the Plan. With respect to those Classes that are deemed to reject the Plan, the requirements of section 1129(b) of the Bankruptcy Code have been satisfied and the Plan may be confirmed pursuant to section 1129(b)(1) of the Bankruptcy Code. The Plan does not unfairly discriminate between similarly situated Classes of Claims or Interests. Furthermore, the Plan is fair and equitable as the Plan provides that no Holder of any Claim or Interest that is junior to the Claims or Interests of such Classes will receive or retain any property under the Plan on account of such junior Claim or Interest, and no Class of Claims that is senior to any rejecting Class is being paid more than in full. The Plan (including, for the avoidance of doubt, the Plan Supplement and Plan Supplement Agreements satisfies or complies with all applicable provisions of the Bankruptcy Code (including sections 1122, 1123, 1125, 1126, and 1129 thereof) and is confirmed in its entirety pursuant to section 1129 of the Bankruptcy Code. The Debtors and the Reorganized Debtors (as applicable) are authorized to take all actions as may be necessary or appropriate to effectuate any transaction described in, approved by, contemplated by, or necessary to effectuate the Plan. All objections to, statements, or reservations of rights in respect of the Plan and Disclosure Statement that have not been withdrawn, waived, settled, or otherwise resolved with prejudice before the Combined Hearing are overruled with prejudice A copy of the Court's Order dated July 14, 2026, is available at https://urlcurt.com/u?l=kZ7HnA from Pacermonitor.com. 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 preclinical phases 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. INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says ------------------------------------------------------------------ Amanda Celentano, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Maryland senior living facility. On May 19, a local long-term care ombudsman visited Candle Light Cove facility for the purpose of reviewing the physical plant, interviewing residents and the director related to the bankruptcy filing by the corporate entity. The ombudsman noticed the grounds were being landscaped and mowed and several residents were enjoying the outside patio area. The ombudsman met with the administrator and received a tour of the building and spoke with a few staff and residents while there. Ms. Celentano noted that residents did not express any concerns and there has been no shortage or changes in the quantity or quality of food. Medications are still being provided with no delays in delivery. The administrator expressed that all staff were still getting paid and all residents remained receiving quality of care. No complaints were received. A copy of the ombudsman report is available at https://urlcurt.com/u?l=nTEvlv from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Amanda Celentano Maryland Department of Aging 301 W. Preston Street, Room 1007 Baltimore, MD 21201 Phone: (410)767-2161 Fax: (410)333-7943 Email: amanda.celentano@maryland.gov About Inspired Healthcare Capital Holdings LLC Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements, while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Reid Collins & Tsai, LLP as special litigation counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc., as investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. The U.S. Trustee for Region 6 appointed an official committee to represent unsecured creditors in the Debtors' cases. Greenberg Traurig, LLP and Berkeley Research Group, LLC serve as legal counsel and financial advisor, respectively. The U.S. Trustee also appointed patient care ombudsman to monitor the quality of patient care at the Debtors' senior living facilities. INTEGRATED PROTEINS: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Integrated Proteins LLC and affiliates received interim approval from the U.S. Bankruptcy Court for the District of Kansas to use cash collateral. The court approved the Debtors' use of cash collateral through Aug. 4 to pay the expenses of the business and the bankruptcy process in accordance with the court-approved budget, up to amounts not to exceed 110% of each line-item. The Debtors estimate their cash collateral at roughly $33.3 million while secured debts owed to First Interstate Bank and Kompass Kapital Funding, LLC total more than $31.7 million. Harper Advance, LLC, BlueRock Capital, LLC, and Spring Funding FL, LLC also assert that they hold claims of varying degrees to the cash collateral. As adequate protection, creditors claiming interests in cash collateral will be granted replacement liens or continuing liens on assets acquired by the Debtors after their Chapter 11 filing, maintaining the same priority as their pre-petition liens. In addition, First Interstate Bank, Kompass and WebBank will receive weekly payments of $57,692, $23,527 and $1,605, respectively. Debtors must also make payments to other lienholders othern than WebBank in the amount of $32,429. Spring Funding, BlueRock and Harper will receive weekly payments of $6,889, $3,334 and $5,000, respectively. FIB and Kompass may seek superpriority claims under Sections 503(b) and 507(b) if the value of their collateral declines. Any default under the interim order, including missed payments or reporting failures, may result in termination of the Debtors' authority to use cash collateral after notice and an opportunity to cure. A copy of the court's order and the Debtor's budget is available at https://urlcurt.com/u?l=qVyGHs from PacerMonitor.com. The Debtors face severe liquidity problems despite strong revenues, largely due to approximately $40 million in trade debt and $18 million in merchant cash advance liabilities. They believe that Chapter 11 protection will improve cash flow by stopping those payment obligations. The Debtors run a large pet food manufacturing and transportation business in the Kansas City area, generating over $20 million monthly and employing around 250 workers through an affiliate staffing company. About Integrated Proteins LLC Integrated Proteins, LLC and affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Lead Case No. 26-20713) on May 6, 2026. At the time of filing, Debtors had estimated assets of between $50,000,001-$100 million and liabilities of between $100,000,001-$500 million. Judge Dale L Somers oversees the case. Prelle Eron & Bailey, P.A. and Haupt Law PC serve as the Debtors' legal counsel. David R. Payne, executive managing director at Marshall & Stevens serves as the Debtor's chief restructuring officer. INVO FERTILITY: WithumSmith+Brown Raises Going Concern Doubt ------------------------------------------------------------ INVO Fertility, Inc., filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, with the Securities and Exchange Commission. The audited report contains a warning that conditions exist which raise substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of $23.3 million for the year ended Dec. 31, 2025, compared with a net loss of $9.3 million for 2024. Revenue for the years ended Dec. 31, 2025 and 2024 was $6.8 million and $6.5 million, respectively. Going Concern Irvine, California-based WithumSmith+Brown, PC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated June 2, 2026, attached to the Company's Annual Report, citing that the Company has suffered recurring losses and negative cash flows from operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Liquidity and Capital Resources For the years ended Dec. 31, 2025 and 2024, the Company had net losses from continuing operations of approximately $5.3 million and $7.7 million, respectively. The Company had negative working capital of approximately $7.4 million as of Dec. 31, 2025, compared to negative working capital of approximately $12.2 million as of Dec. 31, 2024. As of Dec. 31, 2025, the Company had stockholders' equity of approximately $7.3 million, compared to $12.6 million as of Dec. 31, 2024. Cash used in operating activities for the year ended Dec. 31, 2025, was approximately $7.0 million, compared to approximately $3.0 million for the year ended Dec. 31, 2024. The Company has been dependent on raising capital through debt and equity financing to fund operating expenses and investing activities. During 2025, the Company received: * approximately $2.9 million in net proceeds from the sale of preferred stock; * approximately $1.1 million in net proceeds from the exercise of warrants; and * approximately $12.4 million in net proceeds from the sale of common stock, of which $4.0 million was used to redeem preferred stock. During 2024, the Company received: * approximately $1.3 million from notes; * approximately $1.6 million in net proceeds from the sale of preferred stock; * approximately $0.9 million in net proceeds from the exercise of warrants; and * approximately $0.2 million in net proceeds from the sale of common stock. In Jan. 2026, the Company raised an additional $7.5 million from the exercise of warrants through a warrant inducement. Outlook Over the next 12 months, the Company's plan includes growing clinic revenue organically and pursuing additional profitable fertility clinic acquisitions. Until the Company can generate a sufficient amount of cash from operations, it will need to raise additional funding to meet its liquidity needs and execute its business strategy. As in the past, the Company expects to seek debt and/or equity financing, which may not be available on reasonable terms, if at all. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. If the Company is unable to raise additional funding to meet its working capital needs, it will be forced to delay or reduce the scope of its growth and acquisition plans and/or limit or cease operations. If the Company cannot continue as a going concern, stockholders would likely lose most or all of their investment in INVO. A full-text copy of the annual report is available at https://tinyurl.com/3tzmyans About INVO Fertility INVO Fertility, Inc. is a healthcare services and technology company focused on the fertility marketplace and dedicated to expanding access to assisted reproductive technology care to patients in need. As of Dec. 31, 2025, the Company had $20.2 million in total assets, $13 million in total liabilities, and $7.2 million in total shareholders' equity. IRIS HOLDING: S&P Alters Outlook to Negative, Affirms 'B-' ICR -------------------------------------------------------------- S&P Global Ratings revised our outlook on Iris Holding Inc. (dba IPG) to negative from stable and affirmed all its ratings on IPG, including the 'B-' issuer credit rating. The negative outlook primarily reflects S&P's view of elevated refinancing risk for the $1.45 billion term loan and expectation for near break-even FOCF this year. S&P Global Ratings expects affordability challenges to dampen consumer sentiment and reduce volume growth this year for IPG, which will constrain EBITDA growth and result in near break-even free operating cash flow (FOCF). S&P said, "While we assume credit measures will improve beyond this year, we also consider the potential downside risk from weaker macroeconomic conditions, higher interest rates, and the $1.45 billion term loan maturity in June 2028. "A sizable maturity in the next two years adds refinancing risks and could increase interest costs more than we assume. IPG's $1.45 billion term loan, which comprises about 75% of its funded debt, matures in due June 2028. In our view, the short period to refinance its debt leaves the company exposed to potential business or financial market-related setbacks. If we see no credible path to address this maturity before it becomes current, we could deem its capital structure unsustainable and downgrade IPG. Its debt structure also includes $400 million in senior unsecured notes due in December 2028 and $100 million in payment-in-kind (PIK) subordinated notes due in March 2029." IPG issued most of its outstanding debt in 2022, when the company had a stronger credit profile, resulting in an effective interest rate lower than what it would incur in a refinancing. S&P said, "One indication of this is in the pricing of its debt. Under the existing terms of its debt structure and assuming EBITDA expands 5%-10% annually in 2027 and 2028, we expect IPG to sustain positive FOCF of at least $40 million beyond this year with some flexibility to reduce growth-related capital expenditure (capex) up to $20 million in a stress scenario. Furthermore, we assume that SOFR rates will decline up to 120 basis points (bps) over the next three years, providing some relief on cash interest payments." S&P said, "However, if operating earnings expansion falls short of our expectations or interest costs are higher following a refinancing, FOCF could fall near break-even. With respect to the term loan maturity, we estimate an additional $15 million cash interest burden and FOCF reduction for every 100 bps increase to current loan interest rates of SOFR plus a 475 bps margin. "We now expect adjusted EBITDA of $245 million with near break-even FOCF in 2026before expanding in subsequent yeas as demand improves. IPG's adjusted EBITDA generation during the first quarter of 2026 was down about 10% from last year, below what we anticipated in large part because of lower sales volumes. While we assume an improvement in earnings through the rest of the year, we expect volumes to be relatively flat for the year as inflation pressures consumer and business spending. We anticipate modest growth and new business wins in its e-commerce segment will largely offset weaker demand in its business-to-business and industrial segments. This and elevated capex related to expansion initiatives will lead to near break-even FOCF in 2026. Notwithstanding our assumption of flat to modest EBITDA growth in 2026, we expect the pass-through of higher raw material costs (particularly resin) will increase top-line sales with an offsetting increase in raw material costs. "Beyond this year, we anticipate earnings growth in the mid- to high-single-digit percentage range, driven by gradual volume improvement from macroeconomic uncertainty easing. In addition, we expect the company will benefit from an improved revenue mix, cost savings related to productivity initiatives, and raw material costs (including resin) trending lower from elevated levels this year. As a result, we expect S&P Global Ratings-adjusted EBITDA to improve to about $285 million by 2028. Combined with our assumption of lower capex and declining SOFR rates, we expect FOCF of $40 million-$60 million in 2027 and 2028. "Weaker than anticipated macroeconomic conditions or higher interest costs following a refinancing could weaken earnings and cash flow more than we assume. "The negative outlook primarily reflects our view of elevated refinancing risk as the company's $1.45 billion term loan matures in June 2028 and our expectation for near break-even FOCF this year." S&P could lower its rating on IPG within the next 12 months if S&P considers the company's capital structure unsustainable. This could occur if: -- It fails to refinance its $1.45 billion term loan due in June 2028, contributing to a meaningful deterioration in its liquidity position; or -- S&P expects FOCF deficit, potentially from lower than anticipated volumes, weaker profitability, or higher interest rates. S&P could revise its outlook to stable within the next 12 months if: -- IPG refinances its 2028 maturities; and -- S&P continues to expect positive annual FOCF over the next few years, likely supported by volume increases and an adjusted EBITDA margin in the high-teen percents. J.C. PENNEY: Faces Bondholder Lawsuit Over Chapter 11 Claims ------------------------------------------------------------ Barnett U.S. Equity Fund LP announced on July 21, 2026, that it has filed a breach-of-contract lawsuit filed in the Commercial Division of the Supreme Court of the State of New York against Wilmington Trust, National Association and UMB Bank, N.A., arising from their respective roles as indenture trustees and collateral agents during the J.C. Penney Chapter 11 bankruptcy proceedings. The complaint concerns approximately $333.3 million in aggregate principal amount of First Lien and Second Lien publicly traded bonds. The complaint alleges that the defendants released or impaired the collateral that secured the bonds prior to complying with mandatory provisions contained in the governing indentures, pledge agreements, and intercreditor agreements. According to the complaint, the governing agreements required the delivery, review, and verification of Officer's Certificates and, where applicable, Opinions of Counsel confirming compliance with the contractual conditions governing any release of collateral. The complaint alleges that Wilmington relied on generalized lien-release language in the Chapter 11 plan rather than the Officer's Certificates and Opinions of Counsel required by the governing agreements before collateral was released. In addition, the complaint alleges that UMB Bank did not confirm whether it obtained, reviewed, and relied upon the required Officer's Certificates and Opinions of Counsel despite repeated written requests. The lawsuit further alleges that the defendants failed to satisfy their post-default contractual duties under the governing indentures, including duties to investigate, ascertain the pertinent facts, and exercise the care and skill required before taking actions affecting collateral securing the bonds. Barnett U.S. Equity Fund does not challenge the validity of the underlying restructuring transactions or the Bankruptcy Court's orders. Instead, the lawsuit seeks damages arising from the defendants' alleged failure to comply with their independent contractual obligations under the governing agreements when collateral securing the bonds was released or impaired. "This lawsuit seeks damages arising from alleged breaches of the mandatory contractual protections governing publicly traded bonds," said Andrew Carrillo, Fund Manager of Barnett U.S. Equity Fund LP and President of Barnett Capital Advisors. "Our complaint alleges that the governing agreements required specific provisions be met before collateral could be released. Wilmington stated in writing that it relied on the Chapter 11 plan and confirmation order instead of those required contractual certifications. We believe those alleged contractual failures caused hundreds of millions of dollars in damages to holders of the publicly traded bonds at issue in the lawsuit." The complaint asserts claims for breach of the First and Second Lien Indentures, breach of the applicable pledge and security agreements, and breach of the related intercreditor agreements. The Fund seeks compensatory damages and other relief available under the governing contracts and New York law. The case is captioned Barnett U.S. Equity Fund LP v. Wilmington Trust, National Association and UMB Bank, N.A., Index No. 654724/2026, in the Commercial Division of the Supreme Court of the State of New York, County of New York. The complaint is available through the public docket here About Barnett U.S. Equity Fund LP Barnett U.S. Equity Fund LP is a Delaware limited partnership managed by Barnett Capital Advisors, an SEC-Registered Investment Adviser. The Fund invests in publicly traded securities and, when appropriate, seeks to protect and enforce the contractual and legal rights associated with its investments. For additional information about Barnett Capital Advisors, visit www.barnettcapitaladvisors.com. Members of the media seeking further information may contact the Fund's media contact or litigation counsel using the information below. Media Contact: Melissa Perez Barnett Capital Advisors 444 Brickell Avenue, Suite 820 Miami, FL 33131 Email: Melissa.Perez@barnettcapitaladvisors.com Tel: (305) 328-8538 Litigation Counsel: Daniel Y. Gielchinsky, Esq. DGIM Law, PLLC Email: dan@dgimlaw.com Tel: (786) 698-6301 - and - Lorne E. Berkeley, Esq. Paul Kowalek, Esq. Berkeley Law P.A. Email: lorne@berkeleylawfl.com Email: paul@berkeleylawfl.com Tel: (954) 719-3484 About J.C. Penney Co. Inc. J.C. Penney Company, Inc. -- http://www.jcpenney.com/-- is an apparel and home retailer, offering merchandise from an extensive portfolio of private, exclusive, and national brands at over 850 stores and online. It sells clothing for women, men, juniors, kids, and babies. On May 15, 2020, J.C. Penney entered into a restructuring support agreement with lenders holding 70% of its first lien debt. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan that is expected to reduce several billion dollars of indebtedness. To implement the plan, J.C. Penney and its affiliates on May 15, 2020, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-20182). At the time of the filing, J.C. Penney disclosed assets of between $1 billion and $10 billion and liabilities of the same range. Judge David R. Jones oversaw the cases. The Debtors tapped Kirkland & Ellis and Jackson Walker, LLP as legal counsel; Katten Muchin Rosenman, LLP as special counsel; Lazard Freres & Co. LLC as investment banker; AlixPartners, LLP as restructuring advisor; and KPMG, LLP as tax consultant. Prime Clerk is the claims agent, maintaining the page http://cases.primeclerk.com/JCPenney The committee of unsecured creditors retained Cole Schotz, P.C., and Cooley, LLP. * * * J.C. Penney in November 2020 won approval to sell substantially all of its retail and operating assets ("OpCo") to a group formed by landlords Brookfield Asset Management, Inc. and Simon Property Group and senior lenders through a combination of cash and new term loan debt. Paul, Weiss, Rifkind, Wharton & Garrison LLP was the legal counsel, and BRG Capital Advisors, LLC, served as financial adviser to Simon and Brookfield. JAGUAR LOGISTICS: Unsecureds to Split $9K via Quarterly Payments ---------------------------------------------------------------- Jaguar Logistics, LLC filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Subchapter V Plan of Reorganization dated July 9, 2026. The Debtor is a Georgia limited liability company that operates a transportation business using four 16-foot box trucks on four mail-delivery routes in Nebraska and Wyoming under a contract with the United States Postal Service ("USPS"). The USPS contract is the Debtor's sole source of revenue and generates a single monthly contract payment of approximately $66,000.00. Kionna Clark is the Debtor's sole member and president and is responsible for managing the Debtor's operations, drivers, and vehicles. In May 2022, the Debtor obtained a COVID-19 Economic Injury Disaster Loan from the SBA in the original principal amount of $423,500.00 (the "SBA Loan"). The Debtor fell behind on the SBA Loan, and the SBA referred the loan to the United States Department of the Treasury for collection. On or about April 2, 2026, the federal government intercepted the entirety of the Debtor's monthly USPS contract payment, approximately $66,000.00, through the Treasury Offset Program as a setoff against the SBA Loan. The interception deprived the Debtor of its sole source of revenue and created the immediate cash crisis that led to the filing of this case on April 11, 2026. Since shortly after the Petition Date, the Debtor and the SBA, through its counsel, Assistant United States Attorney Jonathan S. Adams, have engaged in good-faith negotiations toward a consensual resolution under which the SBA would reinstate the SBA Loan on its original terms: the SBA would apply the intercepted April 2026 funds to the loan, treat the loan and the principal's guaranty as current, restore the contractual rights that existed before the default, adjust the maturity date as necessary, and provide the Debtor an accounting of how the intercepted funds were applied. The Debtor, in turn, would resume the regular monthly installment of $2,181.00 and, in exchange for Reinstatement, would seek dismissal of this case. By letter dated April 14, 2026, the United States Department of the Treasury, Bureau of the Fiscal Service, notified the Debtor that the SBA Loan had been returned to the SBA. Counsel for the SBA has conveyed the Debtor’s offer to the SBA, and the matter remains pending with the SBA. If Reinstatement occurs, the Debtor will seek dismissal of this case. Class 4 consists of all Allowed General Unsecured Claims against the Debtor, including without limitation: (1) the claim of Navy Federal Credit Union (Claim No. 2, $9,067.91); (2) the claim of American Express National Bank (Claim No. 3, $4,354.58); (3) the general unsecured portion of the IRS claim (Claim No. 4, $11,505.00); and (4) the nonpriority unsecured claims listed in the Debtor's amended Schedule E/F as to which no proof of claim was filed, including the scheduled claims of ADP ($22,500.00) and UCB/DreamSpring ($21,600.00), to the extent Allowed. The Debtor estimates that Allowed Class 4 Claims will total approximately $79,612.33, subject to the claims allowance process. Holders of Allowed Class 4 Claims shall receive a pro rata distribution from a Class 4 distribution pool of not less than $9,000.00 over the Plan Term, paid in twelve approximately equal quarterly installments of $750.00, commencing at the end of the first full calendar quarter after the Effective Date and continuing quarterly thereafter throughout the Plan Term. If this Plan is confirmed under Section 1191(b) of the Bankruptcy Code, the total distribution to Class 4 shall not be less than the amount required by Section 1191(c) of the Bankruptcy Code, and the Debtor shall commit its Projected Disposable Income during the Plan Term to payments under the Plan. In no event shall holders of Allowed Class 4 Claims receive less than they would receive in a Chapter 7 liquidation of the Debtor's assets, which the Debtor estimates would yield $0.00 to general unsecured creditors. Class 4 is Impaired by the Plan, and each holder of a Class 4 General Unsecured Claim is entitled to vote to accept or reject the Plan. Class 5 consists of the Equity Interest of Kionna Clark, the sole member of the Debtor. Kionna Clark shall retain her 100% membership interest in the Debtor and shall continue to manage the Debtor's operations. The retention of the Equity Interest is necessary to the Debtor's continued operations, performance of the USPS contract, and implementation of this Plan, and is permitted under Section 1191 of the Bankruptcy Code, provided that its requirements are met. The Debtor shall continue to operate its transportation business, perform its USPS contract, collect its contract revenue, maintain and insure its vehicles, and pay ordinary and necessary operating expenses. Plan payments shall be funded from the Debtor's ongoing business operations, principally the monthly USPS contract payment of approximately $66,000.00. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=xssvPj from PacerMonitor.com at no charge. Counsel for the Debtor: FALLON LAW PC Brad Fallon, Esq. 1201 W. Peachtree St. NW, Suite 2300 Atlanta, Georgia 30309 (404) 849-2199 | Fax (470) 994-0579 Email: brad@fallonbusinesslaw.com About Jaguar Logistics LLC Jaguar Logistics, LLC operates four box trucks providing USPS mail and package delivery services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54911-sms) on April 11, 2026. In the petition signed by Kionna Clark, president, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Sage M. Sigler oversees the case. Brad Fallon, Esq., at Fallon Law PC, represents the Debtor as legal counsel. JASNIA REALTY: To Sell Springfield Property to Kenneth & Kat Beagle ------------------------------------------------------------------- Jasnia Realty LLC seeks permission from the U.S. Bankruptcy Court for the District of Massachusetts, Western Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of 438 Springfield Street. 438 Springfield Street is residential rental property with 16 units. The Debtor receives an offer for 438 Springfield Street from Kenneth Beagle and Katie Marie Beagle, 29 Salem Street, West Springfield, MA 01089-2231 The sale will take place no later than 30 days of approval of the purchase by the Bankruptcy Court. A deposit of $50,000.00 has been paid under the attached purchase and sale agreement. Higher offers are being solicited under the Motion and a Notice of Intended Sale. There is no seller or buyer broker's fee for the sale. The Debtor believes that the purchase price represents a fair and reasonable price for 438 Springfield Street. The lienholders of the Property are Real Estate taxes and Water and Sewer Charges, Freedom Credit Union, and Louis Cardaropoli. The sale is free and clear of all liens and encumbrances, excepting real estate taxes, water and sewer charges, and other municipal charges. In the event that a dispute arises between the Debtor and any party affected by the Order(s) requested with respect to that creditor's right to payment on account of its claim(s), the Debtor shall request that the Court establish an amount to be held in escrow pending the resolution of such dispute and authorizing the Debtor to pay all other claimants in whole or in part as the Court in its discretion may determine. The Buyer has no relationship with the Debtor, or the Debtor's principal. About Jasnia Realty LLC Jasnia Realty, LLC operates as a limited liability company focused on real estate investment and asset management. Jasnia Realty sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30102) on February 16, 2026. The filing reflects estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The case is assigned to Honorable Bankruptcy Judge Elizabeth D. Katz. The Debtor is represented by Louis S. Robin, Esq., of Law Offices of Louis S. Robin. JASON MCKEEVER: Court Stays Everest Breach of Contract Case ----------------------------------------------------------- Judge Gregory H. Woods of the U.S. District Court for the Southern District of New York stayed the case captioned as to EVEREST REINSURANCE COMPANY, Plaintiff, -v- ALL STATE EQUIPMENT, LLC et al., Defendants, Case No. 1:25-cv-09500-GHW (S.D.N.Y.) as to Jason McKeever. Plaintiff filed this breach of contract action alleging that Defendants breached an indemnity agreement (the "Agreement") between the parties by failing to pay Plaintiff costs incurred on construction and performance bonds which Defendants were obligated to pay pursuant to the Agreement. The Agreement at issue in this case was executed by Defendants All State Equipment, LLC; Jason McKeever; Jodi McKeever; and Matrix Environmental, Inc. Plaintiff alleges that the other entity named as a defendant in this case, Miller Environmental, Inc., also agreed to indemnify Plaintiff under the bonds on a theory of successor liability -- that because Miller purchased some of Matrix's assets, Miller falls within the Agreement's broad definition of an "indemnitor." Plaintiff alleges that under the terms of the Agreement, "the Indemnitors, including Miller, are jointly and severally liable" to Plaintiff for all loses and expenses incurred by it as a result of the issuance of the construction bonds. On June 17, 2026 Mr. McKeever filed a suggestion of bankruptcy, notifying the Court that he had filed a bankruptcy petition under Chapter 11 of the U.S. Bankruptcy Code and that this case is now automatically stayed with respect to hum under 11 U.S.C. Sec. 362. On June 23, 2026, the Court directed the other non-debtor Defendants (the "Remaining Defendants") to submit a letter outlining their respective positions as to whether this case should be stayed as to the Remaining Defendants during the pendency of Mr. McKeever's bankruptcy proceedings. Plaintiff asserts that all Defendants are jointly and severally liable to Plaintiff for all losses and expenses incurred by it as a result of the issuance of the construction bonds. Because the Court finds that the continuing the litigation of Plaintiff's claims against the Remaining Defendants will have immediate adverse economic consequences on Mr. McKeever, the case is stayed until such a time as the U.S. Bankruptcy Court for the Middle District of Tennessee lifts the stay as to Mr. McKeever or otherwise orders. Moreover, the claims against the debtor are, as pleaded, inextricably intertwined with those against the Remaining Defendants. Accordingly, because it is less efficient for the case to proceed against the Remaining Defendants, a stay as to the Remaining Defendants is warranted. A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=1bv3Xy from Pacermonitor.com. Jason McKeever filed for Chapter 11 bankruptcy protection (Bankr. M.D. Tenn. Case No. 26-02687) on June 4, 2026. JEFFREY SIMPSON: Court Rules on Personal Property Ownership Dispute ------------------------------------------------------------------- In the adversary proceeding captioned as Jeffrey Solomon Simpson, Plaintiff, v. Eric Huebscher, as Receiver of Certain Assets of JJ Arch, Defendant, Adversary No. 26-01013 (Bankr. S.D.N.Y.), Judge Lisa G. Beckerman of the U.S. Bankruptcy Court for the Southern District of New York granted in part and denied in part Jeffrey Solomon Simpson's motion seeking an order enforcing and extending the automatic stay to prohibit Eric Huebscher, temporary receiver ("Receiver") appointed by the Supreme Court of New York County (the "State Court"), from conducting an auction (the "Auction") of assets claimed by the Debtor to belong to the Debtor's estate and from shutting down a business that will risk the expansion of the Debtor's liabilities and impede his reorganization efforts. The Personal Property Process Order provided for the Plaintiff to visit the property located at 1640 Montauk Highway, Water Mill, New York 11976 ("1640 Montauk Property") where all of the disputed personal property is physically located and to prepare a list of his personal property located at 1640 Montauk Property, which list must be filed with the Court. The Plaintiff filed the list of his personal property located at the 1640 Montauk Property, complete with pictures, with the Court on April 23, 2026 (the "Property List"). Plaintiff bears the initial burden of proof of demonstrating that the personal property identified in the Property List, in pictures attached to the Property List, other documentary evidence, and in the Video, is the Debtor's personal property. This is because New York law provides that the party who possesses the property is presumed to be the party who owns it. Plaintiff testified that he is the owner of the personal property identified on the Property List, as supplemented by the pictures attached to the Property List and the Video. On June 10 and 25, the Court held an in person evidentiary hearing regarding ownership of the personal property located at the 1640 Montauk Property. The Court holds that the 1996 Land Rover Discovery belongs to Rever Motors and that Mr. Simpson must transfer the title of the vehicle in his name to 1640 Motors LLC. With respect to the Austin Healy, the yellow Willy's jeep and the 1966 MGB, the Court finds Plaintiff's testimony and the documentary evidence to be credible. The remaining vehicles are: (a) 1995 Canniston Green LR Discovery (parts car/no engine) (item 4 on the Property List), (b) 1965 MGB Burgundy parts car (item 5 on the Property List), (c) Grey and Burgundy Land Rover Discovery 2003 or 2004 with parts inside (item 7 on the Property List), (d) Black Range Rover 2010 (item 8 on the Property List), (e) White Range Rover 2001(Item 9 on the Property List), (f) Green Range River 2021 (item 10 on the Property List), (g) 1969 Blue Ford Bronco frame with white hard top and pieces of project (item 12 on the Property List), (h) 1948 cj2a (item 13 on the Property List), (i) 2 BMW 2002 projects, green and red and parts inside (item 19 on the Property List),and (m) grey mbz 4 door car (need to check the title documents) (item 77 on the Property List). The Court finds Mr. Simpson's testimony about why he personally owns item (d) the Black Range Rover 2010 to be credible (to work on it with his son) as he described where he bought the vehicle and the reason that the vehicle was acquired. The Court rules that the remaining items of personal property included on the Property List belong to 1640 Motors LLC and not to the Plaintiff. The items of personal property that the Court has ruled belong to the Plaintiff which are located at the 1640 Montauk Property constitute property of the Debtor's estate and must be removed from the 1640 Montauk Property to a location or locations designated by the Debtor. Counsel for the Debtor and counsel for the Receiver should meet and confer on how best to accomplish such removal in the near term. A copy of the Court's Order dated June 26, 2026, is available at https://urlcurt.com/u?l=JRZ6sR from Pacermonitor.com. Jeffrey Solomon Simpson filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 26-10359) on February 19, 2026, listing under $1 million in both assets and liabilities. The Debtor is represented by Alec P. Ostrow, Esq. JENK'S BEST: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Jenk's Best Living, LLC 6911 South 66th East Avenue Suite 100 Tulsa, OK 74133 Business Description: Jenk's Best Living, LLC owns and operates THRIVE Jenks, a multifamily apartment community in Jenks, Oklahoma. The property offers one- and two-bedroom residences with open-concept layouts, washer and dryer connections, and private patios or balconies. Community amenities include a fitness and yoga center, clubhouse, landscaped courtyards, onsite management, emergency maintenance, pet-friendly policies, and flexible lease terms. Chapter 11 Petition Date: July 19, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-17758 Judge: Hon. Michelle M. Harner Debtor's Counsel: Maurice Verstandig, Esq. THE VERSTANDIG LAW FIRM, LLC 9812 Falls Road #114-160 Potomac, Maryland 20854 Tel: (301) 444-4600 E-mail: mac@mbvesq.com Total Assets: $14,849,569 Total Liabilities: $938,702,797 The petition was signed by Zvi Guttman as chief restructuring officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/45QTVEY/Jenks_Best_Living_LLC__mdbke-26-17758__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. AKA Cleaning, LLC Vendor $6,500 12207 E 27th Pl Tulsa, OK 74129 2. Apartment List, Inc. Vendor $4,428 c/o Document Retrieval Service, Inc. 2808 N. Windson Pl Oklahoma City, OK 73127 3. Berkadia Commercial $3,454,184 Mortgage LLC 323 Norristown Road Suite 300 Ambler, PA 19002 4. Conservice, LLC Vendor $2,299 c/o National Registered Agents, Inc. 1833 S. Morgan Rd Oklahoma City, OK 73128 5. Costar - Apartments.com Vendor $29,011 1201 Wilson Blvd 22209 6. Empire Protection Services $5,460 14083 SH 51 Coweta, OK 74429 7. Kahn Berman Solomon Taibel & Mogol, P.A. $9,800 307 International Cir #620 Cockeysville, MD 21030 8. KBE Cleaning $5,194 c/o Keith Bruner 7704 Maehs Cir. Oklahoma City, OK 73162 9. Lowe's Pro MSH $14,806 c/o Corporation Service Company 10300 Greenbriar Place Oklahoma City, OK 73159 10. Public Service Company of Oklahoma $6,486 212 E 6th Street Tulsa, OK 74119 11. Rasa Floors $3,062 c/o C T Corporation System 1833 South Morgan Road Oklahoma City, OK 73128 12. Saldierna Remodeling $5,220 225 S Montclair Ave Tulsa, OK 74104 13. Sherwin Williams Company $7,558 c/o Corporation Service Company 10300 Greenbriar Place Oklahoma City, OK 73159 14. Tulsa County Treasurer $7,227 218 W 6th St 8th Floor Tulsa, OK 74119 15. Vesta Landscaping Services, LLC $20,580 6911 S 66th Ave Tulsa, OK 74133 16. Vesta Realty $6,275 1422 E 71st St Tulsa, OK 74136 17. Western State Fire Protection $8,759 c/o C T Corporation System 1833 South Morgan Road Oklahoma City, OK 73128 18. Western Valet Maintenance, LLC $3,528 1909 S Nyssa Ave W Broken Arrow, OK 74012 19. YSA Investments 1 LLC $921,000,000 c/o Northwest Registered Agent Service, Inc. 8 The Green Suite B Dover, DE 19901 20. Zillow Rentals $2,552 1301 Second Avenue Floor 36 Seattle, WA 98101 JENK'S BEST: Seeks Chapter 11 Bankruptcy in Maryland ---------------------------------------------------- On July 19, 2026, Jenk's Best Living, LLC and its debtor affiliate filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Maryland. According to court filings, the debtors report approximately $938.7 million in liabilities and $14.8 million in assets. The petition states that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. Statement of Financial Affairs Due August 3, 2026; Government Proof of Claim Deadline Set for January 15, 2027 About Jenk's Best Living, LLC Jenk's Best Living, LLC is a real estate company that owns the THRIVE Jenks apartment community in Jenks, Oklahoma. The company owns and operates multifamily residential real estate. Jenk's Best Living, LLC and its debtor affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17758) on July 19, 2026. In their petition, the debtors reported assets of approximately $14.8 million and liabilities of approximately $938.7 million. Hon. Michelle M. Harner is overseeing the case. The debtors are represented by Maurice Belmont VerStandig, Esq., of The Verstandig Law Firm, LLC. KARYOPHARM THERAPEUTICS: Sets $3.72 Million Retention Plan ---------------------------------------------------------- Karyopharm Therapeutics Inc.'s board approved $3.72 million in cash retention awards for four senior executives on July 13, according to a Form 8-K filed with the Securities and Exchange Commission. The program is intended to retain key employees while the company expects several business catalysts and replaces previously guaranteed amounts under Karyopharm's 2026 annual bonus plan. President and Chief Executive Richard Paulson will receive $1.73 million. Chief Medical Officer and Head of Research Reshma Rangwala will receive $725,000, Chief Development Officer Stuart Poulton will receive $640,000, and Chief Financial Officer Lori Macomber will receive $625,000. The awards may have to be repaid if a recipient's employment ends before the earlier of 12 months after payment or 30 days after a qualifying corporate event, except for specified qualifying separations. Payments will also reduce amounts due under existing severance arrangements. About Karyopharm Therapeutics Karyopharm Therapeutics Inc., based in Newton, Massachusetts, is a commercial-stage pharmaceutical company that develops and commercializes cancer treatments. Its principal product, XPOVIO, or selinexor, is an oral selective inhibitor of nuclear export marketed in approved indications and under development for myelofibrosis, endometrial cancer and multiple myeloma. The company also evaluates eltanexor, a next-generation XPO1 inhibitor, for potential use in additional myeloproliferative neoplasms and TP53 wild-type tumors. XPOVIO commercialization in the U.S. is supported by sales representatives, nurse liaisons, a market access team, specialty pharmacy providers and the KaryForward patient and healthcare provider support program. Ernst & Young LLP's Feb. 12, 2026, audit report included substantial-doubt language regarding the company's ability to continue as a going concern. The auditor cited significant operating losses since inception and expectations that such losses will continue for the foreseeable future. As of March 31, 2026, Karyopharm reported total assets of $131.42 million, total liabilities of $397.06 million and a stockholders' deficit of $265.65 million. KASAI HOLDINGS: Trustee Hires Sierra Auction as Auctioneer ---------------------------------------------------------- Michael Carmel, the appointed Chapter 11 Trustee of Kasai Holdings Three LLC, seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Sierra Auction Management, Inc. as auctioneer to sell certain equipment and personal property at public auction. Following the cessation of operations at Kasai Peoria, certain restaurant equipment, furniture, fixtures, smallwares, and related tangible personal property remained (collectively, the "Equipment"), which is currently stored at a public storage facility. The firm will provide these services: (a) inventory, evaluate, photograph, and catalog the Equipment; (b) remove and transport the Equipment as necessary; (c) advertise and market the Equipment; (d) conduct a public auction of the Equipment; (e) collect and account for all sale proceeds; (f) remit the net proceeds of sale to the Trustee; and (g) provide such reports and accountings as are required by Bankruptcy Rule 6004(f) and the Court. Sierra Auction Management, Inc. will receive a commission of 10% of the total gross proceeds of the sale of the Equipment, plus reimbursement of actual out-of-pocket expenses incurred in connection with the auction. Labor associated with moving the Equipment will be charged at a discounted rate of $45 per hour for one person or $90 per hour for two people. Sierra Auction Management, Inc. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Mark Manney SIERRA AUCTION MANAGEMENT, INC. 3570 Grand Ave. Phoenix, AZ 85019 Telephone: (602) 242-7121 Facsimile: (602) 246-1903 About Kasai Holdings Three Kasai Holdings Three, LLC owns and operates a restaurant in Scottsdale, Ariz. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06967) on August 22, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Michael F. Russel, manager through Dinnertainment, LLC, signed the petition. Judge Brenda K. Martin presides over the case. Chris D. Barski, Esq., at Barski Law Firm, PLC, is the Debtor's bankruptcy counsel. KING AT EIGHT: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- King at Eight Enterprise, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in accordance with the approved operating budget, allowing up to a 15% variance per line item and permitting unused budget amounts to be carried forward. The Debtor is required to pay actual utility, tax, and insurance obligations; maintain separate accounting for each property's income, expenses, and tax escrows; and fund a $1,000 monthly escrow for Subchapter V trustee fees. A $1,830 management fee is deferred until the final hearing. The interim order remains effective until the final hearing on Aug. 6. Creditors that may hold liens on the Debtor's cash collateral and other properties include CV3 Alpha Trust, TVC Funding II, LLC, Wilmington Savings Fund Society, JPMorgan Chase Bank, DeKalb County Tax Commissioner, and Investa Services, LLC. CV3 claims a secured interest in the Stone Mountain property located at 1150 Muirfield Drive while JPMorgan asserts a mortgage lien on the Lorenzo Drive property. TVC asserts security interests in four properties located at Lockwood Drive, Browns Mill Road, Brenda Drive and Creekford Lane through deeds to secure debt, assignments of leases and rents, fixture filings, and security agreements recorded during 2024. Wilmington, acting as trustee for Residential Mortgage Aggregation Trust, claims liens on properties located at Lynn Iris Drive in Decatur and Dimmock Street in Atlanta. The creditor, as owner trustee of ATLX 2025-RTL1 Trust, also claims a security interest in the Dearwood Drive property. Meanwhile, DeKalb County Tax Commissioner has recorded tax liens against the Creekford Lane and Lynn Iris Drive properties while Investa Services has recorded multiple tax-related lien filings against the Browns Mill Road, Dimmock Street, and Lockwood Drive properties. As adequate protection, the secured creditors will be granted replacement liens on post-petition rental income generated by the same properties securing their pre-petition interests. The replacement liens retain each creditor's priority while excluding avoidance action proceeds. The order preserves all parties' rights to challenge the validity, priority, or extent of liens and claims. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/gRk5z from PacerMonitor.com. About King at Eight Enterprise LLC King at Eight Enterprise, LLC is a Stone Mountain, Georgia-based residential real estate rental company that owns and leases single-family homes across metro Atlanta, including properties in Atlanta, Decatur, Lithonia and Stone Mountain. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-58760) on July 6, 2026, listing $1,950,560 in total assets and $1,398,830 in total liabilities. Sonja Airall, manager, signed the petition. Leslie Pineyro, Esq., at Jones & Walden, LLC, represents the Debtor as legal counsel. KNOWBE4 INC: S&P Alters Outlook to Stable, Affirms 'B-' ICR ----------------------------------------------------------- S&P Global Ratings affirmed its 'B-' issuer credit rating on human and AI risk management software provider KnowBe4 Inc. and revised its outlook to stable from positive. The stable outlook reflects S&P's expectation that while KnowBe4's deleveraging will be slower, its top-line will still grow at a high single digit rate, EBITDA margins will remain stable, such that the company will generate positive FOCF over the next 12 months. KnowBe4 Inc. exhibited slower-than-expected revenue growth and weaker free operating cash flow (FOCF) generation in the first quarter of 2026. S&P said, “We project KnowBe4's leverage will be above the 7x area in 2026 due to slower-than-expected revenue growth and elevated investments. KnowBe4's leverage will remain higher than we originally anticipated. While KnowBe4 generated high-teens percent growth in 2025, we expect this to slow as sales execution is addressed and Egress integration is completed. However, the company has made investments in its salesforce and its high-90% recurring revenue will help support top-line growth in the high-single-digit percent area in 2026. "We also project EBITDA margins will remain flat as KnowBe4 invests in its go-to-market strategy and sales capacity to support future growth. It will also invest in AI solutions." All these investments will keep EBITDA margins in the high-20% area, resulting in KnowBe4's S&P Global Ratings-adjusted leverage in the high-7x area as of year-end 2026. Lower top-line growth and working capital use will hamper FOCF generation in 2026. Its lower revenue and investments for growth will limit its EBITDA generation in 2026. KnowBe4 also switched to selling more annual contracts instead of multiyear contracts, weakening deferred revenue, leading to cash use in working capital. S&P also expects capital expenditure (capex) to remain about 2% of total revenue, limiting KnowBe4's FOCF generation to about $30 million in 2026. However, its $275 million in total liquidity should support this current investment cycle. S&P believes KnowBe4 can defend against AI software disruption. KnowBe4 has been investing in AI solutions for over a decade and has been incorporating it into its product line. It generated strong demand for its AI-driven products over the past year such that AI-driven annual recurring revenue (ARR) is now in the low-teens percent area of total ARR as of the first quarter of 2026. KnowBe4 will continue to introduce more agentic solutions in 2026, which S&P believes can help grow its AI-driven ARR to more than 15% in 2026. S&P said, "The stable outlook reflects our expectation that while KnowBe4's deleveraging will be slower, its top-line will still grow at a high single digit rate, EBITDA margins will remain stable, such that the company will generate positive FOCF over the next 12 months. "We could lower the rating if we believe KnowBe4's capital structure is unsustainable. This could occur if it faces weaker customer demand from a tougher macroeconomic environment, does not achieve the return on investment from its growth investments, acquisition integration issues persist, or it pursues debt-funded acquisitions or shareholder returns leading to sustained negative FOCF generation after debt service. "While unlikely over the next 12 months, we could consider upgrading KnowBe4 if it sustains leverage below the 7x area and FOCF to debt of more than 5% taking in consideration its appetite for acquisitions and shareholder returns. This could occur if the company demonstrates a track record of maintaining leverage metrics at these levels, its growth rates remain stable, and it continues to improve its EBITDA margins." LANDMARK RECOVERY: No Patient Care Concern, 5th PCO Report Says --------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Middle District of Tennessee her fifth report regarding the quality of patient care provided by Landmark Recovery of Colorado, LLC and affiliates. The report covers the period from May 18 to July 17. The PCO and her representative made an unannounced visit to Hickory Grove Recovery Center on on June 26. The medication room was clean and organized. Medication refrigerator temperatures were documented per facility policy, and recorded temperatures were within expected ranges. A controlled substance count was completed and reconciled against the corresponding log sheet; the medication inventory and documentation were found to be consistent. On June 30, PCO representatives conducted an unannounced visit to Spring Grove Recovery Center. The medication room was clean and organized. There were no expired medications or supplies identified at the time of visit. A medication administration observation was conducted during the visit. The nurse appropriately verified the resident's identity using established patient identification procedures prior to medication administration. The PCO representative also conducted an unannounced visit to Sheridan Grove Recovery of Colorado Springs on July 1. The medication room was clean and organized. The narcotic log sheet was reviewed, and there were no discrepancies. The mechanical room, data closet and electrical closet were clean and clutter free. The housekeeping closets were observed to be clean and organized. There were several unsealed wall penetrations noted in the space. Ms. Koenig reported no significant concerns during the period. The next report will be filed within 60 days, with the court notified promptly if any critical issues arise sooner. A copy of the fifth ombudsman report is available for free at https://urlcurt.com/u?l=i8wZpt from PacerMonitor.com. About Landmark Recovery of Colorado Landmark Recovery of Colorado LLC, formerly Landmark Recovery of Colorado Springs and doing business as Praxis of Colorado Springs by Landmark Recovery and Sheridan Grove Recovery, operates addiction treatment centers across multiple U.S. states, providing medical detox, residential, and outpatient rehabilitation services for substance use disorders. Its facilities, some branded under "Praxis by Landmark Recovery," offer individualized treatment plans incorporating therapy, medication-assisted treatment, and clinical support. Landmark Recovery's operations span locations in Arkansas, Colorado, Indiana, Kentucky, and Ohio, serving patients through evidence-based addiction care programs. Landmark Recovery of Colorado and Landmark Recovery of Arkansas sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Lead Case No. 25-03452) on August 20, 2025. In its petition, Landmark Recovery of Colorado reported total assets of $7,375,347 and total liabilities of $1,841,854 while Landmark Recovery of Arkansas reported between $1 million and $10 million in assets and up to $50,000 in liabilities. Honorable Bankruptcy Judge Randal S. Mashburn handles the case. The Debtors are represented by Michael G. Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC. Suzanne A. Koenig is the patient care ombudsman appointed in the Debtors' cases. LASER GODDESS: Gets Interim OK to Use Cash Collateral Until Aug. 13 ------------------------------------------------------------------- Laser Goddess, Inc. received interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use the cash collateral of the U.S. Small Business Administration. Under the interim order, the Debtor is authorized to use cash collateral in accordance with the court-approved budget through August 13. A copy of the Debtor's budget is available at https://shorturl.at/n76Uz from PacerMonitor.com. The SBA, the primary secured creditor, holds a first-priority security interest in substantially all of the Debtor's assets through a perfected UCC-1 financing statement securing an original loan of approximately $182,000, with the full principal balance remaining outstanding as of the petition date. However, the Debtor values its assets at only about $54,560, meaning that approximately $127,440 of the SBA's claim is unsecured. Other lenders including Day Smart Capital (also known as Parafin), Forward Financial LLC, and Fundbox Inc. provided merchant cash advance financing or future revenue purchase agreements. These lenders, however, remain entirely unsecured even if they possess perfected security interests because their claims are junior to the SBA's first-priority lien, and the collateral value is insufficient to satisfy even the SBA's secured claim. As adequate protection, the SBA will be granted a first-priority replacement lien on the Debtor's unencumbered and post-petition assets, along with a continuing replacement lien on assets of the same type and priority as its pre-petition collateral. This replacement lien does not apply to Chapter 5 avoidance actions. The SBA will also receive a monthly payment of $175. The interim order preserves the rights of both the Debtor and the SBA. The SBA retains the right to seek additional adequate protection, object to the final order, conduct discovery, and assert all available claims and defenses, while the Debtor preserves its right to challenge the validity of the SBA's liens or the underlying loan transactions. If any conflict exists between the order and the SBA's loan documents, the provisions of the court's order will control. The order also approved a carveout protecting certain administrative expenses, including U.S. trustee fees, up to $20,000 in allowed professional fees for the Debtor's retained professionals, and up to $10,000 for Chapter 7 trustee expenses if the Debtor's bankruptcy case is later converted. A copy of the court's order is available at https://shorturl.at/tLjhI from PacerMonitor.com. A final hearing is scheduled for August 13. Laser Goddess' laser hair removal business experienced significant financial distress following the COVID-19 pandemic and became trapped in a cycle of borrowing from merchant cash advance lenders to satisfy prior obligations. The mounting debt severely strained cash flow, forcing the Debtor to obtain additional financing simply to service existing loans until the business could no longer sustain the burden, ultimately necessitating the Chapter 11 filing. The Debtor intends to use the bankruptcy process to continue operating while restructuring its obligations and formulating a reorganization plan that maximizes recoveries for creditors. About Laser Goddess Inc. Laser Goddess, Inc operates a laser hair removal and skin treatment business in Smithtown, New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 1-26-43281-ess) on July 7, 2026. In the petition signed by Beth Christenson, president, the Debtor disclosed up to $100,000 in assets and up to $500,000 in liabilities. Judge Elizabeth A. Stong oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as bankruptcy counsel. LEROYS MEATS: Unsecureds Will Get 5.6% of Claims in Plan -------------------------------------------------------- Leroys Meat, LLC and Smoke Ring, LLC submitted an Amended Joint Subchapter V Plan of Reorganization dated July 9, 2026. This Amended Joint Subchapter V Plan of Reorganization supersedes the Debtors' previously filed plan to the extent that the prior plan requested substantive consolidation. This Plan is proposed on a non-substantively consolidated basis. Joint administration of the cases is preserved solely for procedural efficiency. The assets, liabilities, claims, interests, causes of action, and distributions of Leroys Meats, LLC and Smoke Ring, LLC remain separate except as expressly provided in this Plan or ordered by the Court. First Merchants Bank ("FMB") has filed secured proofs of claim against both Debtors. FMB asserts Claim No. 7-1 against Leroys in the amount of $666,718.57, plus interest, fees, costs, and expenses as more fully set forth therein and Claim No. 4-1 against Smoke Ring in the amount of $593,784.98 plus interest, fees, costs, and expenses as set forth therein. Those filed claim figures are not additive because the FMB credit relationship includes joint and cross-obligor obligations. FMB subsequently provided an interim aggregate payoff schedule of $666,940.68 as of June 24, 2026, subject to a formal account-by-account payoff and cure statement. FMB has and claims first-priority, cross-collateralized liens on the assets identified in each Debtor's schedules and a separate first-priority mortgage on the Granville Building owned by non-debtor JR Anderson Properties, LLC ("JRAP"). As of July 9, 2026, the Leroys claims register reflects eleven filed proofs of claim with aggregate stated amounts of $957,281.70, and the Smoke Ring claims register reflects thirteen filed proofs of claim with aggregate stated amounts of $1,027,908.58. Those register totals are not admissions of allowance and must not be added to create a combined FMB indebtedness because FMB filed cross-obligor claims against both estates. For plan-feasibility purposes, aggregate filed priority claims are $115,805.14, consisting of $5,566.38 asserted against Leroys and $110,238.76 asserted against Smoke Ring, in each case subject to claim reconciliation, allowance, objection, amendment, and reclassification. The Granville Building is actively marketed for sale under the Granville Listing Agreement with William B. Roth of ROTH Real Estate Group LLC. The first twelve months after the Effective Date will be marketed per a confidential broker pocket-listing period unless the Granville Auction Backstop is triggered earlier by nonpayment of the HELOC Payment Obligation. Unless a Qualifying Refinance Commitment or binding written sale contract is in place at the end of that period, or unless the Granville Auction Backstop is triggered earlier, JRAP must promptly convert to formal public marketing, including MLS listing and on-site sale signage. Anderson has already submitted a HELOC application and may use any funded proceeds to satisfy the HELOC Payment Obligation. For the avoidance of doubt, the HELOC Payment Obligation shall be deemed unconditional and is not excused, reduced, deferred, or conditioned on HELOC approval, closing, or funding. If the $100,000 payment to FMB is not received by November 1, 2026, the Debtors shall cooperate with Anderson and JRAP, and Anderson and JRAP shall promptly implement the Granville Auction Backstop described in Section 5.05 by November 15, 2026: a public auction sale of the Granville Building to be completed no later than February 15, 2027, and after a reasonable marketing period and with a reasonable reserve mutually agreed upon with FMB. This Plan provides for the reorganization of Leroys and Smoke Ring under Subchapter V of Chapter 11 of the Bankruptcy Code. The Plan provides for separate treatment of claims against each Debtor and does not substantively consolidate the Debtors' estates. The Plan provides for continued operation of the Debtors' restaurant business, payment of Allowed Administrative Expense Claims and Allowed Priority Tax Claims, treatment of FMB's secured claims, treatment of other secured claims to the extent secured under Section 506(a) of the Bankruptcy Code, distributions to Allowed General Unsecured Claims from projected disposable income, and retention of equity interests by James R. Anderson subject to the requirements of Subchapter V. Class 3A consists of General Unsecured Claims against Leroys. Holders of Allowed Class 3A Claims shall receive pro rata distributions from Projected Disposable Income allocated to Leroys. The Plan projects $16,399.41 for Class 3A, equal to approximately 5.5848% of the currently estimated $293,644.08 ordinary Class 3A pool. The percentage will adjust if Allowed Claims change. FMB is treated in Class 2A. If confirmation occurs under Section 1191(b) of the Bankruptcy Code, the Debtors shall make all additional payments required by Section 1191(c)(2) and Section 5.06 of this Plan. Class 3B consists of General Unsecured Claims against Smoke Ring. Holders of Allowed Class 3B Claims shall receive pro rata distributions from Projected Disposable Income allocated to Smoke Ring. The Plan projects $14,600.59 for Class 3B, equal to approximately 5.5848% of the currently estimated $261,434.97 ordinary Class 3B pool. The percentage will adjust if Allowed Claims change. FMB is treated in Class 2A. If confirmation occurs under Section 1191(b) of the Bankruptcy Code, the Debtors shall make all additional payments required by Section 1191(c)(2) and Section 5.06 of this Plan. The Plan will be funded from ongoing operating cash flow of the Debtors, all Projected Disposable Income, scheduled payments from JRAP on account of FMB loans for which JRAP is already a co-obligor, Anderson's $100,000 HELOC Payment Obligation due on or before November 1, 2026, and a Granville Building sale, refinancing, or auction payment sufficient to pay FMB in full by the full-payment deadline. JRAP has listed the Granville Building for sale under the Granville Listing Agreement. The Granville Building shall be marketed under the Granville Marketing Covenant in Section 5.05: a confidential broker pocket listing during the first twelve months after the Effective Date, followed by a formal MLS listing, prominent on-site signage, and customary public marketing if no Qualifying Refinance Commitment or binding written sale contract is then in place, unless the Granville Auction Backstop is triggered earlier by nonpayment of the HELOC Payment Obligation due FMB on November 1, 2026. Anderson submitted the HELOC application before confirmation and may use any funded proceeds to satisfy the HELOC Payment Obligation, but the obligation is not conditioned on approval, closing, or funding of that HELOC. The Debtors project at least $366,954.07 of Projected Disposable Income over the Plan Term and will apply that amount to Plan payments. The Plan projects a minimum distribution of $31,000.00 to ordinary general unsecured creditors, or approximately 5.5848% of the currently estimated $555,079.05 ordinary unsecured claim pool, subject to the separate-estate allocations and claim adjustments stated in this Plan. A full-text copy of the Amended Joint Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=E42n7f from PacerMonitor.com at no charge. Counsel for the Debtors: Andrew Kamensky, Esq. TAX WORKOUT GROUP, P.A. 175 S. Third Street, Suite 200 Columbus, Ohio 43215 Phone: (888) 282-9333 Fax: (866) 511-2384 Email: akamensky@twg.law About Leroys Meats LLC Leroys Meats, LLC, doing business as Ray Ray's Hog Pit, operates a family of stationary barbecue food trucks, trailers, and drive thru restaurants across four locations in central Ohio, including Columbus, Westerville, Granville, and Franklinton. Founded in 2009 by chef James Anderson, the Company specializes in hardwood-smoked barbecue, offering pork, beef, and chicken prepared using traditional low-and-slow methods, along with catering and bulk pre-order services for events and holidays. Leroys Meats, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-55609) on Dec. 19, 2025. In its petition, the debtor reported total assets of $428,029 and total liabilities of $1,175,612. Bankruptcy Judge Tiffany Strelow Cobb handles the case. The Debtor is represented by Sean Stone, Esq., at Tax Workout Group, P.A. LIMITLESS X: Raises Going Concern Doubt Amid Funding Uncertainty ---------------------------------------------------------------- Limitless X Holdings Inc. disclosed in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission, that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of approximately $28.9 million for the three months ended March 31, 2026, compared with a net loss of approximately $34.6 million for the same period in 2025. Net revenue declined to $77,570 for the three months ended March 31, 2026, from $251,936 in the prior-year period. Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of March 31, 2026, the Company had an accumulated deficit of approximately $113.8 million and recorded a net loss of approximately $28.9 million for the quarter. Management said these conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company stated that it will need to raise additional capital to support its existing and planned business model and fund future operations. The Company has not experienced any difficulty in raising funds through loans and has not experienced any liquidity problems in settling payables in the normal course of business and repaying loans when they fall due. Successful renewal of our loans, however, is subject to numerous risks and uncertainties. In addition, the increasingly competitive industry conditions under which the Company operate may negatively impacted its results of operations and cash flows. Additional debt financing is anticipated to fund the Company's operations in the near future. However, there are no current agreements or understandings with regard to the form, time, or amount of such financing, and there is no assurance that any of this financing can be obtained or that the Company can continue as a going concern. LIQUIDITY AND CAPITAL RESOURCES Operating Activities During the three months ended March 31, 2026, net cash used in operating activities was $0.7 million. The cash used in operating activities was primarily due to net loss of approximately $28.9 million and off-set by loss from conversion of Preferred C and Preferred D of $27.8 million. Investing Activities Net cash used in investing activities for the three months ended March 31, 2026, was $0.5 million, which represented loans provided under loans receivables of $0.4 million and $0.1 million for purchases of property and equipment and none during the three months ended March 31, 2025. Financing Activities Net cash provided by financing activities for the three months ended March 31, 2026, was $1.3 million. This amount was incurred by increased borrowings from a stockholder and related parties. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/h6b7humk About Limitless X Holdings Inc. Limitless X Holdings Inc. is a Delaware corporation that, together with its subsidiaries, is building a diversified ecosystem across health, wellness, entertainment, and media-driven brand development. As of June 2026, the Company conducts business through four wholly owned subsidiaries: Limitless X, Inc., a Nevada corporation; Limitless Films, Inc., a Florida corporation; Limitless Entertainment Group, Inc., a Florida corporation; and BodyCor, Inc., a Nevada corporation. The Company's common stock is quoted on the OTCQB Best Market under the symbol "LIMX." Through Limitless X, the Company operates a direct-to-consumer e-commerce platform offering dietary supplements and consumer packaged goods focused on cognitive support, energy, recovery, weight management, and general wellness. As of March 31, 2026, the Company had approximately $2 million in total assets, $7.2 million in total liabilities, and $7 million in total stockholders' deficit. LINQTO INC: Files Suit to Force Trustee to Perform Duties --------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that Linqto and its unsecured creditors committee have filed suit against the debtor's liquidating trustee, asserting that the bankruptcy court should require the trustee to continue performing the responsibilities assigned under the company's Chapter 11 plan. The plaintiffs allege the trustee's refusal to act is inconsistent with its legal and contractual obligations and risks disrupting the implementation of the confirmed liquidation process. They argue that court intervention is necessary to preserve the integrity of the bankruptcy estate and protect creditor interests, according to report. The complaint seeks an order compelling the trustee to carry out its assigned duties. The litigation adds another layer of complexity to Linqto's ongoing Chapter 11 case and the administration of its post-confirmation trust, Law360 reports. 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. LOFTS AT NORTH PENN: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------------- Lofts at North Penn Best Living, LLC asks the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, for emergency authorization to use cash collateral and provide adequate protection. The Debtor states that the cash collateral is subject to the asserted security interests of CREO QRS NP LLP, which claims liens on the Debtor's cash and accounts. The Debtor requires immediate access to these funds to maintain ordinary business operations while pursuing a restructuring. As adequate protection for the secured lender, the Debtor proposes granting CREO QRS NP LLP a post-petition replacement lien on its assets, an administrative priority claim in the Chapter 11 case, and eventual cash-flow payments. The Debtor contends these protections sufficiently safeguard the lender's interests while allowing the business to continue operating and preserve the value of the bankruptcy estate. The requested cash collateral will be used to pay the Debtor's ongoing operating expenses in accordance with a proposed 13-week operating budget. Continued access to the funds, the Debtor asserts, is necessary to maintain operations, generate revenue, satisfy recurring business obligations, and provide the financial stability needed to formulate and propose a Chapter 11 plan of reorganization. A court hearing will be held on August 3. A copy of the motion is available at https://urlcurt.com/u?l=N9ajvx from PacerMonitor.com. About Lofts at North Penn Best Living LLC Lofts at North Penn Best Living, LLC is a property-owning limited liability company that owns The Lofts at North Penn, a 192-unit multifamily apartment community located at 15501 N. Pennsylvania Ave., Edmond, Oklahoma. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-32920) on July 2, 2026. In the petition signed by Marc Kulick, authorized signer, the Debtor disclosed up to $50 million in both assets and liabilities. Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor as legal counsel. LUGANO DIAMONDS: Disclosure Statement Has Interim Approval ---------------------------------------------------------- Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware approved the Disclosure Statement for the Chapter 11 Plan of Liquidation of Lugano Diamonds & Jewelry Inc. and affiliates dated June 24, 2026. The Disclosure Statement is approved on an interim basis as containing adequate information for solicitation purposes under sections 105 and 1125 of the Bankruptcy Code, Bankruptcy Rule 3017, and Local Rule 3017-2. Pursuant to Bankruptcy Rule 3017(d), July 14, 2026 at 4:00 p.m. (prevailing Eastern Time) shall be the record date for purposes of determining which Holders of Claims are entitled to receive the Solicitation Package and vote on the Plan (the "Record Date"). To be counted as a vote to accept or reject the Plan, a Ballot must be properly executed, completed, and delivered to the Notice and Claims Agent in accordance with the instructions on the Ballot so that it is actually received by the Notice and Claims Agent no later than 4:00 p.m. (prevailing Eastern Time) on August 18, 2026 (the "Voting Deadline"). Any Opt-Out Election or contribution and assignment of a Contributed Claim, whether made on a Ballot, Opt-Out Form, or Claim Contribution Form, must be properly executed, completed, and delivered to the Notice and Claims Agent in accordance with the instructions on the Ballot or on the applicable Election Form so that it is actually received by the Notice and Claims Agent no later than 4:00 p.m. (prevailing Eastern Time) on August 18, 2026. If any Holder of a Claim seeks to challenge the allowance of its Claim for voting purposes in accordance with the Tabulation Procedures, such Holder must file a motion, pursuant to Bankruptcy Rule 3018(a), for an order temporarily allowing its claim in a different amount or classification for purposes of voting to accept or reject the Plan (a "Rule 3018 Motion") no later than August 4, 2026, at 4:00 p.m. (prevailing Eastern Time) and serve the Rule 3018 Motion on the Notice Parties. The Debtors and any other party in interest may file a reply to any objections or brief or declarations in support of confirmation of the Plan, or final approval of the Disclosure Statement, by no later than 12:00 p.m. (prevailing Eastern Time) on August 27, 2026 (or two (2) business days prior to the date of any adjourned Combined Confirmation Hearing). This Court shall schedule the Combined Confirmation Hearing for (a) final approval of the Disclosure Statement as containing adequate information and (b) confirmation of the Plan for August 31, 2026, at 11:00 a.m. (prevailing Eastern Time). As shared by the Troubled Company Reporter, the Debtors were established by Mordechai Haim Ferder and his wife, Idit Ferder, in 2004 as a designer, manufacturer, and retailer of high-end jewelry. In May 2025, the Debtors' majority shareholder publicly disclosed an investigation into the Debtors' financing, accounting, and inventory practices and that Mr. Ferder had resigned from his offices and directorships with Lugano and its affiliates. Following the announcement of the investigation, the Debtors took steps to stabilize their operations and engaged Armory Securities, LLC as their financial advisor and investment banker in connection with a possible restructuring, sale, or financing. The ensuing sale and restructuring efforts led to the Debtors' entry into an Agency Agreement (the "Agency Agreement") with Enhanced Retail Funding, LLC (the "Agent") dated as of November 16, 2025. As a result of the Agent being the successful bidder, the Agency Agreement advanced to Tier 2. During the Tier 2 Period, the Agent is responsible for the sale of the Agency Assets. The Tier 2 payment structure provides, among other things, for (i) the Debtors to receive a guaranteed amount equal to 40% of the aggregate cost value of certain merchandise, (ii) proceeds in excess of that amount are allocated between the Debtors and the Agent, and (iii) the Agent to be responsible for sale expenses (including related payroll and occupancy costs). On November 16, 2025 (the "Petition Date"), the Debtors commenced their chapter 11 cases. They immediately sought certain "First Day" relief, including interim approval of the Agency Agreement, interim approval of debtor-in-possession financing and the use of cash collateral, and authority to make payments to certain prepetition creditors, including their employees for accrued wages and expenses. The Bankruptcy Court granted certain relief, including authorizing the Debtors to perform under the Agency Agreement on an interim basis. The Plan provides for the creation of a Liquidation Trust, which will own (a) the Debtors' remaining assets, other than any tax refunds owed to Lugano Holding, Inc., and (b) the stock of Debtor Lugano Holding, Inc. after the Effective Date of the Plan. The Plan also implements a settlement agreement among the Debtors, the Creditors' Committee and CODI. As a result of a settlement among the Debtors (acting through the Special Committee), CODI, and the Committee (the "CODI Settlement"), the Debtors anticipate a recovery to holders of Allowed General Unsecured Claims. The Plan incorporates the terms of the CODI Settlement and provides that the Liquidation Trustee will monetize any of the Debtors' remaining non-cash assets, including litigation claims against third parties, and distribute the proceeds to creditors in accordance with the Plan and the Liquidation Trust Agreement. Under the Plan, Administrative Claims, Priority Claims, and Other Secured Claims, and Priority Tax Claims will receive Cash Distributions in the amount of their Allowed Claims on or soon after the Effective Date (or, if later, following their Claim becoming Allowed) in accordance with the Plan and as described further herein. Priority Tax Claims will receive Cash Distributions in the amount of their Allowed Claims on or after the Effective Date or in regular installment payments plus interest (subject to prepayment). Holders of Convenience Class Claims (those nonpriority unsecured Claims less than or equal to $10,000 or which the Holders elect to reduce their Claims to $10,000) will be paid 50% of the amount of their Allowed Claims on or soon after the Effective Date. The following is a general overview of certain material terms of the Plan: * All Allowed Administrative Claims, Allowed Professional Fee Claims, Allowed Priority Tax Claims, Allowed Other Secured Claims, and Allowed Priority Claims will be paid or otherwise satisfied in full as required by the Bankruptcy Code, unless otherwise agreed to by the Holders of such Claims and the Liquidation Trustee. * Holders of Allowed CODI Claims will receive the Special Beneficial Interest in full satisfaction of their Claims against the Debtors and their estates and the Allowed DIP Claim is deemed satisfied in connection with the CODI Settlement. * Holders of Allowed General Unsecured Claims will receive General Beneficial Interests in full satisfaction of their Claims against the Debtors and their estates. * Holders of Allowed Convenience Class Claims will receive 50% of their Allowed Claims in Cash in full satisfaction of their Claims against the Debtors and their estates. * Holders of Subordinated Claims will not receive or retain any property or interest in property under the Plan on account of such Subordinated Claims. * Holders of Intercompany Claims (i.e., Claims that could be asserted by one Debtor against another Debtor) will not receive or retain any property or interest under the Plan on account of such Intercompany Claims. * All Equity Interests in the Debtors shall be deemed void, cancelled, and of no further force and effect. On and after the Effective Date, Holders of Equity Interests shall not be entitled to, and shall not receive or retain any property or interest in property under the Plan on account of such Equity Interests. The Liquidation Trust will become the sole owner of the Post Confirmation Debtor and will hold such ownership interest as a Liquidation Trust Asset. * The Liquidation Trust will (a) sell, liquidate, transfer, or otherwise dispose of the Liquidation Trust Assets, (b) pursue Causes of Action for the collective benefit of all the Liquidation Trust Beneficiaries, (c) wind down the Debtors and the Post-Confirmation Debtor, and (d) make Distributions, all in accordance with the Plan. Class 4 consists of all General Unsecured Claims. Class 4 is Impaired under the Plan and is entitled to vote on the Plan. Each Holder of a General Unsecured Claim, in full satisfaction, settlement, and release of and in exchange for such General Unsecured Claim receives on the Effective Date its Pro Rata share of the General Beneficial Interests in the Liquidation Trust. Holders of General Beneficial Interests are entitled to GUC Interest to the extent of the Liquidation Trust Available Cash, if they receive Distributions equal to the full amount of their Allowed General Unsecured Claims. Each Contributing Creditor who executes any documents the Liquidation Trustee reasonably requests to complete the Contributing Creditor's transfer of its Contributed Claim to the Liquidation Trust will be entitled to an additional Distribution (that does not count against any other Distribution) on account of that Contributing Creditor's General Beneficial Interest equal to that Contributing Creditor's Pro Rata portion of 10% of the Net Proceeds of all Causes of Action against GT, net of the CODI share of those Net Proceeds under Section 3.02(c)(v), not to exceed the amount of that Contributing Creditor's Allowed General Unsecured Claim, provided that (i) the Contributing Creditor certifies on its Ballot or its Contribution Form under penalty of perjury that the Contributed Claim is colorable and supportable by evidence and (ii) the Liquidation Trustee (in consultation with the Liquidation Trust Oversight Board) independently and reasonably confirms that the Contributed Claim is colorable and supportable by evidence. Class 5 consists of all Convenience Class Claims. Class 5 is Impaired under the Plan and is entitled to vote on the Plan. Convenience Class Claims are any Claim that would otherwise be a General Unsecured Claim but, with respect to any such Claim, the applicable Claim either (a) is in an amount less than or equal to $10,000 or (b) is reduced to $10,000 pursuant to a Convenience Class Election. Each Holder who makes a Convenience Class Election is deemed to have voted to accept the Plan irrespective of any vote to reject the Plan reflected on a Ballot that also reflects a Convenience Class Election. Each Holder of an Allowed Convenience Class Claim, in full satisfaction, settlement, and release of and in exchange for such Allowed Convenience Class Claim, on or as soon as reasonably practicable after the later of the Effective Date and the date on which such Convenience Class Claim becomes an Allowed Claim, receives Cash from the Liquidation Trust in the amount equal to 50% of its Allowed Convenience Class Claim. The Plan provides for the distribution of the proceeds of the liquidation of all Estate Assets to various Creditors as contemplated under the Plan and for the wind up of the Debtors' corporate affairs. More specifically, the Plan provides for the creation and funding of a Liquidation Trust to administer and liquidate all remaining property of the Debtors (other than Tax Refunds), including the Liquidation Trust Actions, and the implementation of the CODI Settlement. A full-text copy of the Disclosure Statement dated June 24, 2026 is available at https://urlcurt.com/u?l=1S90sh from Omni Agent Solutions, Inc., claims agent. A copy of the Court's Order dated July 14, 2026, is available at http://urlcurt.com/u?l=4VjE4tfrom Pacermonitor.com. About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc. designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on November 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. LUGANO DIAMONDS: Seeks to Extend Plan Exclusivity to Oct. 13 ------------------------------------------------------------ Lugano Diamonds & Jewelry Inc. and affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 13 and Dec. 14, 2026, respectively. The Debtors explain that these are complex chapter 11 cases. The Debtors commenced the Chapter 11 Cases in the wake of an alleged multi-million-dollar fraud perpetrated by their former chief executive officer, Mordechai Ferder. The alleged fraud continues to permeate the Chapter 11 Cases and sparked the prepetition (and ongoing investigation) by the Special Committee of the Board of Directors of Debtor Lugano Diamonds & Jewelry Inc., as well as a postpetition investigation by the Committee, including their investigation of potential actions against CODI and challenges to CODI's liens, which have now been resolved by the Settlement Agreement. In addition, the Debtors' sale-related efforts at the beginning of the Chapter 11 Cases had additional complexity due to the alleged fraud. Working through these difficulties, the Debtors obtained interim authority to operate under the Agency Agreement and approval of bidding procedures under which the Agency Agreement served as the stalking horse bid. The Debtors assert that they are not seeking an extension of the Exclusivity Periods to pressure or prejudice any of their stakeholders. Indeed, both the Committee and CODI support the Plan and are parties to the Plan Support Agreement, which gives them the option to terminate the Plan Support Agreement if the Debtors lose exclusivity. Should the Plan Support Agreement be terminated under such circumstances, the Debtors' estates would be prejudiced by such termination. Accordingly, the relief requested herein will not prejudice the Debtors' creditors. In fact, extending the Exclusivity Periods will benefit the Debtors' estates, their creditors, and other key parties in interest by allowing the Parties to focus on obtaining confirmation of the consensual Plan without the distraction of a potential competing plan. Further, the loss of exclusivity will enable any of the parties to the Plan Support Agreement to terminate such agreement. The Debtors' request for an extension of the Exclusivity Periods is the Debtors' second such request and comes approximately eight months after the Petition Date. As discussed, during this time, the Debtors have accomplished a great deal and continue to work diligently with all stakeholders towards confirming the Plan, which is supported by their key creditor constituencies. Counsel to the Debtors: Edmon L. Morton, Esq. Sean M. Beach, Esq. Timothy R. Powell, Esq. Benjamin C. Carver, Esq. YOUNG CONAWAWY STARGATT & TAYLOR, LLP Rodney Square 1000 North King Street Wilmington, Delaware 19801 Tel: (302) 571-6600 Fax: (302) 571-1253 Email: emorton@ycst.com sbeach@ycst.com tpowell@ycst.com bcarver@ycst.com -and- Tobias S. Keller, Esq. Traci L. Shafroth, Esq. Scott Friedman, Esq. KELLER BENVENUTTI KIM LLP 101 Montgomery Street, Suite 1950 San Francisco, California 94104 Tel: (415) 496-6723 Fax: (650) 636-9251 Email: tkeller@kbkllp.com tshafroth@kbkllp.com sfriedman@kbkllp.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc. designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on November 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. LUGANO DIAMONDS: Updates Convenience Claims Pay Details ------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates submitted an Amended Plan of Liquidation dated July 9, 2026. The Plan provides for the resolution of the outstanding Claims and Equity Interests asserted against the Debtors. A Claim is classified in a particular Class only to the extent that the Claim falls within the Class description. A Claim or an Equity Interest is classified in a particular Class for the purpose of receiving a Distribution only to the extent that such Claim or Equity Interest is Allowed in that Class and has not been paid, released, or otherwise satisfied before the Effective Date. Except as provided herein or in the Confirmation Order, the aggregate value of property received or retained under the Plan on account of an Allowed Claim may never exceed 100% of the underlying Claim, except for payment of interest to the extent provided in the Plan. To the extent that part of a Claim falls within a different Class description, that part of the Claim is classified in that different Class. Like in the prior iteration of the Plan, each Holder of a General Unsecured Claim, in full satisfaction, settlement, and release of and in exchange for such General Unsecured Claim receives on the Effective Date its Pro Rata share of the General Beneficial Interests in the Liquidation Trust. Holders of General Beneficial Interests are entitled to GUC Interest to the extent of the Liquidation Trust Available Cash, if they receive Distributions equal to the full amount of their Allowed General Unsecured Claims. Each Contributing Creditor who executes any documents the Liquidation Trustee reasonably requests to complete the Contributing Creditor's transfer of its Contributed Claim to the Liquidation Trust will be entitled to an additional Distribution (that does not count against any other Distribution) on account of that Contributing Creditor's General Beneficial Interest equal to that Contributing Creditor's Pro Rata portion of 10% of the Net Proceeds of all Causes of Action against GT, net of the CODI share of those Net Proceeds under Section 3.02(c)(v), not to exceed the amount of that Contributing Creditor's Allowed General Unsecured Claim, provided that (i) the Contributing Creditor certifies on its Ballot or its Contribution Form under penalty of perjury that the Contributed Claim is colorable and supportable by evidence and (ii) the Liquidation Trustee (in consultation with the Liquidation Trust Oversight Board) independently and reasonably confirms that the Contributed Claim is colorable and supportable by evidence. Class 5 consists of all Convenience Class Claims. Class 5 is Impaired under the Plan and is entitled to vote on the Plan. Each Holder of an Allowed Convenience Class Claim, in full satisfaction, settlement, and release of and in exchange for such Allowed Convenience Class Claim, on or as soon as reasonably practicable after the later of the Effective Date and the date on which such Convenience Class Claim becomes an Allowed Claim, receives Cash from the Liquidation Trust in the amount equal to 50% of its Allowed Convenience Class Claim. Class 8 consists of all Equity Interests. Class 8 is Impaired under the Plan. As of the Effective Date, all Equity Interests are cancelled. On and after the Effective Date, Holders of Equity Interests are not entitled to, and do not receive or retain, any property or interest in property under the Plan on account of such Equity Interests. Pursuant to Bankruptcy Code Sections 1123(a)(5), 1123(b)(3), and 1123(b)(6) and in consideration of the Distributions and other benefits provided under the Plan and Liquidation Trust Agreement, the settlements contained in the Plan and the Liquidation Trust Agreement and the provisions related thereto constitute a good faith compromise and settlement of the claims and controversies resolved pursuant thereto, including the CODI Settlement and the Intercompany Claims. The entry of the Confirmation Order constitutes the Bankruptcy Court's approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies, including the CODI Settlement and the Intercompany Claims, and the Bankruptcy Court's finding that such compromises are (i) in the best interest of the Debtors, the Estates, and their respective property and stakeholders; and (ii) fair, equitable, and reasonable. The Plan is implemented by various acts and transactions as set forth in the Plan, including, among other things, the CODI Settlement, the establishment of the Liquidation Trust, the appointment of the Liquidation Trustee, and the making of Distributions by the Liquidation Trust. The Liquidation Trust has two series of Liquidation Trust Interests: (i) the Special Beneficial Interest; and (ii) General Beneficial Interests. All Liquidation Trust Interests must be recorded on the books and records of the Liquidation Trust in accordance with the Liquidation Trust Agreement. Such recording is all that is required for Liquidation Trust Interests to be Distributed to Holders of Claims. A full-text copy of the Amended Liquidating Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=nNPI2W from Omni Agent Solutions, Inc., claims agent. Counsel to the Debtors: Edmon L. Morton, Esq. Sean M. Beach, Esq. Timothy R. Powell, Esq. Benjamin C. Carver, Esq. YOUNG CONAWAWY STARGATT & TAYLOR, LLP Rodney Square 1000 North King Street Wilmington, Delaware 19801 Tel: (302) 571-6600 Fax: (302) 571-1253 Email: emorton@ycst.com sbeach@ycst.com tpowell@ycst.com bcarver@ycst.com - and - Tobias S. Keller, Esq. Traci L. Shafroth, Esq. Scott Friedman, Esq. KELLER BENVENUTTI KIM LLP 101 Montgomery Street, Suite 1950 San Francisco, California 94104 Tel: (415) 496-6723 Fax: (650) 636-9251 Email: tkeller@kbkllp.com tshafroth@kbkllp.com sfriedman@kbkllp.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc., designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on Nov. 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. MAGNERA CORP: Moody's Alters Outlook on 'B1' CFR to Negative ------------------------------------------------------------ Moody's Ratings affirmed Magnera Corporation's ("Magnera") corporate family rating at B1, probability of default rating at B1-PD and the speculative grade liquidity rating (SGL) remained unchanged at SGL-2. At the same time, Moody's affirmed the B1 ratings on Magnera's $785 million senior secured first lien term loan B and $800 million senior secured first lien notes due November 2031, as well as the $500 million senior secured notes due November 2029. The outlook was changed to negative from stable. The negative outlook reflects the company's weak credit metrics and Moody's expectations of a more moderate pace of improvements in operating performance as the company continues to integrate Glatfelter and given expectations of a more flat demand environment. Leverage above 7x debt/EBITDA and interest coverage of 1.7x EBITDA/interest expense for the last 12 months that ended March 28, 2026 remain weak for the B1 rating. The affirmation of the B1 ratings reflects Magnera's good liquidity with no near-term debt maturities, and Moody's expectations that the company will continue to improve its operating performance and generate positive free cash flow. RATINGS RATIONALE Magnera Corporation's B1 CFR reflects the company's leading market position for polymer and fiber-based products for hygiene, healthcare and specialty end markets; geographic diversity with operations in the Americas, Europe and Asia; long history and strong R&D partnership with global blue chip consumer packaged goods companies; and positive free cash flow that Moody's expects the company will apply to debt reduction. However, the integration of Glatfelter in a soft market environment has taken longer than expected at rating assignment in September 2024. Leverage improvements currently lag Moody's initial expectations by around two years. Moody's now expects a more gradual improvement in credit metrics. Leverage will likely remain above 5.5x debt/EBITDA and interest coverage below 3x EBITDA/interest expense through FY 2027. Magnera has contended with continued pressure on demand for consumer products, a decline in sales of healthcare products from their peak during the pandemic, and higher restructuring costs associated with integrating Glatfelter's business. Competition remains intense in a fragmented industry. Moody's expects Magnera to maintain good liquidity over the next 12 to 15 months, supported by $303 million of cash on the balance sheet as of March 28, 2026, an undrawn $350 million asset-based revolver (unrated) expiring November 2029, and Moody's expectations for the company to generate $80-$90 million in free cash flow over the next 12 months, which will depend on good working capital control and improvements in profitability. The company has sufficient cushion under its financial covenant under the ABL revolver, with a fixed charge coverage ratio of 1.0x, and Moody's do not expect it to be tested. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade Magnera's ratings if the company successfully integrates the two entities' businesses, realizes planned synergies, improves profitability and pays down debt. Specifically, Moody's could upgrade the ratings if leverage is sustained below 4x debt/EBITDA, EBITDA/interest expense is above 4x, and retained cash flow/net debt improves to above 15%. Moody's could downgrade the ratings if the company loses its customers or fails to improve its margins, leading to weaker credit metrics and liquidity. Specifically, Moody's could downgrade the ratings if debt/EBITDA remains above 5x, EBITDA/interest is below 3x, and retained cash flow/net debt remains below 10%. Magnera Corporation (NYSE: MAGN) is a global manufacturer of consumer and personal care products using polymer and nonwoven fiber. Major products include sanitary wipes, diapers for babies and adults, components for feminine hygiene products, food and beverage filtration papers, facial masks and filtration media, medical gowns and drapes, surgical towels, and wall cover. The company also manufactures specialty products for industrial usage such as flexible intermediate bulk container (FIBC) bags, geotextiles and cable wrap. Revenue for the last 12 months that ended March 2026 was approximately $3.3 billion. The principal methodology used in these ratings was Packaging Manufacturers: Metal, Glass and Plastic Containers published in December 2025. MAGNOLIA OIL: S&P Rates New $500MM Senior Unsecured Notes 'BB-' --------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue-level rating and '3' recovery rating to Magnolia Oil & Gas Corp.'s proposed $500 million senior unsecured notes due 2034. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded capped estimated of 65%) recovery in the event of a payment default. Magnolia will use the proceeds partially fund its $4.06 billion acquisition of Wildfire Intermediate Holdings LLC (B/Stable/--). The remainder of the acquisition will be funded with cash on hand (about $300 million as of June 30, 2026), the assumption of Wildfire's $600 million 7.5% senior unsecured notes due 2029, drawings on the company's upsized $1.75 billion elected commitment reserve-based lending (RBL) facility, and about $2.1 billion of equity issuances (about $1.27 billion of public issuances and $810 million to the Wildfire owners). S&P said, "We believe the acquisition meaningfully improves operating scale in Magnolia's core area, but overall production size still constrains our rating. Wildfire's assets are directly next to Magnolia's existing Eagle Ford basin acreage, adding about 53,000 barrels of oil equivalent per day (boe/d) of production (70% oil) and 810,000 net acres to Magnolia's current asset base. We expect pro forma production of 150,000-160,000 boe/d and total net proved reserves of just under 500 million boe. Magnolia expects to realize about $100 million of annual synergies from the acquisition primarily through extended laterals, co-development, shared facilities, and streamlined field operations. "While Magnolia's daily average production and total proved reserves remain smaller than most similarly and higher-rated peers, we expect the acquisition will improve our view of Magnolia's business risk assessment post-close, given the larger operating scale and anticipated operational synergies. "The transaction, however, also represents a large increase in Magnolia's debt. We expect S&P Global Ratings-adjusted debt figure at year-end 2026 to be about $2.25 billion versus year-end 2025 adjusted debt of about $600 million. We expect S&P Global Ratings-adjusted debt to EBITDA of about 1.4x in 2026 and 1.0x in 2027 versus 0.6x in 2025, and S&P Global Ratings-adjusted funds from operations (FFO) to debt of 65% in 2026 and 100% in 2027 versus 150% in 2025. "Credit metrics could face further pressure over the next 12 months, as commodity prices have retreated from elevated levels seen earlier this year. That said, we believe Magnolia will prioritize repaying the drawings on its RBL with a portion of free cash flow--given the company's track record of maintaining low leverage and conservative financial policies--and expect the company to fully repay the RBL by year-end 2028 under our current base case, which will improve credit measures." Issue Ratings--Recovery Analysis Key analytical factors -- S&P assigned its 'BB-' issue-level rating to Magnolia's proposed $500 million senior unsecured notes due 2034. The recovery rating is '3'. -- S&P caps its recovery rating on the unsecured debt of issuers it rates in the 'BB' category at '3' to reflect the likelihood they will issue additional priority or pari passu debt on the path to default. -- S&P's simulated default for Magnolia assumes a sustained period of low commodity prices, consistent with the conditions of past defaults in this sector. -- S&P based its valuation of Magnolia reserves on a company-provided PV-10 report using proved reserves pro forma for the Wildfire acquisition, evaluated on our recovery price deck of $50 per barrel for West Texas Intermediate crude oil and $2.50 per million Btu for Henry Hub natural gas. -- S&P assumes the company's upsized RBL facility, with elected commitments of $1.75 billion, is fully drawn at default. Simulated default assumptions -- Simulated year of default: 2029 -- Jurisdiction (Rank A): The company is headquartered in the U.S. and most of its revenue and assets are located domestically. -- SP adjusted our gross enterprise value (EV) to account for restructuring administrative costs (estimated at about 5% of gross value). Simplified waterfall -- Net EV at default (after 5% administrative costs): $2.97 billion -- Secured first-lien debt: $1.82 billion --Recovery expectations: Not applicable -- Total value available for unsecured claims: $1.15 million -- Unsecured debt: $1.55 billion --Recovery expectations: Capped at 50%-70% (rounded estimate: 65%) Note: All debt amounts include six months of prepetition interest. MAKELELE SYSTEMS: Recovery for Unsecureds Still to Be Determined ---------------------------------------------------------------- Makelele Systems Landscape & Maintenance, Inc. filed with the U.S. Bankruptcy Court for the Southern District of California a Plan of Reorganization for Small Business dated July 9, 2026. The Debtor was incorporated in the State of California in 2014 and provides landscaping and maintenance services. The Debtor's business address is 1171 Bear Valley Parkway, Escondido, CA 92027. Since the Debtor's inception it has seen gross revenue increase every year through 2021. Unfortunately, between 2022 and 2024 there were several serious problems with project and field management. This mismanagement resulted in the end of Debtor's growth and the beginning of several financial and legal problems. In 2024, the Debtor was able to finally move on from problematic and untrustworthy management, and field personnel. Jose Cardenas, CEO, took back control in its entirety of field management, personnel and general operations. Company employees were drastically reduced to 18. Furthermore, redundancies and any expense that was not essential were eliminated resulting in significant benefits to the road of recovery to the Debtor. Due to financial problems caused by the above described time period, on April 10, 2026, the Debtor filed for a petition for bankruptcy protection under Chapter 11 Sub-Chapter V. It is the Debtor's intention to continue operations and prepare and submit a consensual Chapter 11 repayment plan. The Plan Proponent's projected financial information is still being examined and reviewed by the Debtor. The Debtor anticipates there will be 100% payments to secured, priority, and administrative creditors. The amount to be paid to unsecured creditors is still to be determined. Said amount will be a percentage amount of the claim, but will be more than what would be received by said creditors should there be a liquidation of the Debtor. The final Plan payment is expected to be paid on March 31, 2031. This Plan of Reorganization proposes to pay creditors of the Debtor from net proceeds of the Debtor's business operations. Class 3 consists of non-priority unsecured creditors. Non priority unsecured creditors shall be paid a percentage of their claims as listed or as filed and allowed, pursuant to Paragraph 3. The exact percentage of said payment is still to be determined by Debtor. This Class is impaired. Equity Security Holders consisting of corporate shareholders shall retain their interest in the Debtor. Plan payments shall be funded by net income generated by the Debtor's business operations for a period of 54 months following the date the first payment is due under the Plan. Debtor's projections show funds will be available to pay creditors under the Plan in an amount that exceeds the Chapter 7 liquidation amount. All recurring payments under the Plan will be made on a quarterly basis. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=MpY3hn from PacerMonitor.com at no charge. Counsel to the Debtor: Craig E. Dwyer, Esq. 8745 Aero Drive, Suite 301 San Diego, CA 92123 Telephone: (858) 268-9909 Facsimile: (619) 582-1980 Email: craigedwyer@aol.com About Makelele Systems Landscape & Maintenance Makelele Systems Landscape & Maintenance, Inc., provides landscaping and maintenance services. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-01514) on April 10, 2026, listing up to $500,000 in assets and up to $10 million in liabilities. Judge Christopher B. Latham handles the case. Craig E. Dwyer, Esq., serves as the Debtor's counsel. MARTINES PALMEIRO: Can't Arbitrate Claims in Plaza Adversary Case ----------------------------------------------------------------- Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the District of Colorado denied the motion of Martines Palmeiro Construction LLC to reconsider the order granting Plaza Fitsimons Owern, LLC's motion for relief from the stay and motion for abstention in the adversary proceeding captioned as MARTINES PALMEIRO CONSTRUCTION, LLC, Plaintiff, v. PLAZA FITZSIMONS OWNER, LLC, Defendant, Adv. Pro. No. 25-1334 TBM (Bankr. D. Colo.). Martines Palmeiro Construction, LLC (the "Debtor"), a construction company, filed for relief under Chapter 11 of the Bankruptcy Code on April 4, 2025, commencing In re Martines Palmeiro Construction, LLC, Bankruptcy Case No. 25-12313 TBM (the "Main Case"). By the time the Debtor filed for bankruptcy, it was winding down its operations as a result of being embroiled in a series of disputes with project counterparties, including disputes arising under a contract with Plaza Fitzsimons Owner, LLC ("Plaza"). As of the petition date, the Debtor listed an aggregate of $29,623,088 in assets, including approximately $17,389,265 in accounts receivable it alleged were owed to it by project owner contract counterparties. The Debtor also listed liabilities of $21,324,870 owed to approximately 235 general unsecured creditors. On November 21, 2025, Plaza filed Amended Proof of Claim No.16-2 (the "Plaza POC"), asserting a claim in the amount of $6,691,858.50 for damages arising from breach of a contract between Plaza and the Debtor dated August 30th, 2021, titled "AIA Document A102-2017, Standard Form Agreement Between the Owner and Contractor" (the "Contract"), including liquidated damages and damages arising from alleged trust fund violations. On November 11, 2025, the Debtor filed the instant adversary proceeding against Plaza: Martines Palmeiro Construction, LLC v. Plaza Fitzsimons Owner, LLC (In re Martines Palmeiro Construction, LLC), Adv. Pro No. 25-1334 TBM. Therein, the Debtor asserted three claims for turnover, purportedly pursuant to 11 U.S.C. Sec. 542, effectively seeking damages under the Contract. On May 8, 2026, in the adversary proceeding, Plaza filed a motion for abstention. Meanwhile, in the main bankruptcy case, Plaza also filed a motion for relief from stay on May 11, 2026. On the basis of its factual findings, the Court granted Plaza's stay motion, allowing Plaza and the Debtor to pursue their claims, counterclaims, and defenses in the Arapahoe County District Court, State of Colorado (the "State Court"). The Court also granted the Defendant's abstention motion and abstained from adjudicating the adversary proceeding in favor of the Debtor and Plaza prosecuting all claims and defenses and counterclaims between and among them and the Debtor's principals in a single forum: the State Court. In connection with its ruling, the Court determined that the Debtor had knowingly waived its right to arbitration under the Contract through its conduct and actions. The Debtor moves pursuant to Fed. R. Civ. P. 59 (made applicable to these proceedings by Fed. R. Bankr. P. 9023) or Fed. R. Civ. P. 60 (made applicable to these proceedings by Fed. R. Bankr. P. 9024) that the Court reconsider or, effectively, vacate the ruling to the extent that it requires the parties to proceed to litigate their claims against each other in State Court litigation and not in arbitration. Debtor argues that reconsideration is warranted to prevent injustice and ensure that prior rulings of the State Court are preserved. According to the Court, the arbitration never occurred because of the Debtor’s bankruptcy filing, and the Debtor had every opportunity to arbitrate its claims against Plaza during the bankruptcy case but waived such right. The Court determines that the Debtor has not met its burden to establish a basis for relief under Fed. R. Civ. P. 59(e) or 60(b). A copy of the Court's Order dated July 15, 2026, is available at https://urlcurt.com/u?l=f6oAtE from Pacermonitor.com. About Martines Palmeiro Construction Martines Palmeiro Construction LLC is a Denver-based general contractor specializing in high-density residential, senior living, and retail commercial projects across Colorado and Texas. Founded in 2011, the firm offers services including general contracting, construction management, and design-build solutions. Martines Palmeiro Construction sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-12313) on April 21, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. Judge Thomas B. McNamara oversees the case. The Debtor is represented by Jeffrey A. Weinman, at Allen Vellone Wolf Helfrich & Factor, PC. MARTINI FITNESS: Seeks to Use Cash Collateral --------------------------------------------- Martini Fitness, Corp. asks the U.S. Bankruptcy Court for the District of Massachusetts for authority to use cash collateral and provide adequate protection. The requested authority covers the use of revenue generated by both its gym business and its commercial real estate, which may constitute cash collateral subject to creditors' security interests. The Debtor argues that continued access to these funds is essential to maintaining operations and preserving the value of the estate. The Debtor owns a single commercial property located at 333 Tosca Drive in Stoughton, Massachusetts, where it operates its fitness facility. DCR is the primary secured creditor, asserting a claim of approximately $3.55 million secured by a mortgage on the property and claiming a potential security interest in the property's rents and the gym's operating proceeds. The U.S. Small Business Administration also asserts a claim of approximately $175,000 and may claim a security interest in rental income generated by the property. Martini Fitness explains that the cash collateral is necessary to fund ordinary operating expenses, including mortgage payments, insurance premiums, property taxes, employee wages, and other ongoing business costs. Without access to these revenues, the debtor contends it would be unable to continue operating its gym or preserve the value of its assets during the Chapter 11 process. A forward-looking operating budget accompanies the motion to demonstrate the anticipated use of funds. The Debtor's estate held approximately $65,000 in cash, furniture and office equipment valued at about $3,000, gym equipment valued at approximately $65,000, and the real estate valued at roughly $7.75 million. The Debtor maintains that authorizing the use of cash collateral is in the best interests of all creditors because it will allow the business to continue operating, maintain the property, and preserve the value of the estate while pursuing reorganization. A copy of the motion is available at https://urlcurt.com/u?l=04vvCG from PacerMonitor.com. About Martini Fitness Corp. Martini Fitness, Corp. operates a fitness and athletic club facility in Stoughton, Massachusetts. The company provides recreational and wellness amenities, including indoor pickleball courts, gym facilities, an indoor saltwater pool, an indoor track, sauna and steam room access, serving fitness members and recreational sports users in the area. Martini Fitness Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-10848-CJP) on April 15, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Christopher J. Panos oversees the case. Ehrhard & Associates, P.C. is Debtor's legal counsel. MEDICAL SYSTEM: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ The United States Bankruptcy Court for the District of Colorado entered an agreed interim order authorizing Medical System of Denver, Inc. to use cash collateral in its Chapter 11 case. The Court authorized the interim use of cash collateral in accordance with the approved operating budget to preserve and maximize the value of the bankruptcy estate. The authorization remains effective from the petition date through August 30, with expenditures permitted up to the budgeted amounts plus a 10% variance. The Debtor is permitted to use cash collateral in accordance with the approved budget, with a 10% variance, from the petition date through August 30, 2026, to preserve operations and maximize the value of the bankruptcy estate. As adequate protection, UMB Bank is granted replacement liens on the Debtor's post-petition assets, including accounts, cash, inventory, equipment, chattel paper, general intangibles, and related proceeds, to the same extent, validity, and priority as its prepetition liens. The replacement liens exclude Chapter 5 avoidance actions, remain automatically perfected without further filings, and the Debtor must maintain the collateral in good condition and keep it fully insured. The order also requires the Debtor to make monthly adequate protection payments of $11,134.61 to UMB Bank, payable no later than the 12th day of each month. In addition, the Debtor must provide monthly budget-to-actual comparison reports, weekly cash flow reports, biweekly rolling 13-week cash flow projections, monthly operating reports, bank account statements, and any additional financial information reasonably requested by the Bank. If the Debtor defaults under the adequate protection provisions, UMB Bank may terminate the Debtor's authority to use cash collateral after providing 10 days' notice and an opportunity to cure, and may seek further relief from the Court. The stipulation preserves all of the Bank's rights, including the right to file motions for relief from the automatic stay or dismissal, while requiring the Debtor to promptly serve the order on all creditors and parties in interest. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/r7Vo2 from PacerMonitor.com. A final hearing on the cash collateral motion is scheduled for August 25. About Medical System of Denver Inc. Medical System of Denver Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-14467) on June 21, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Thomas B Mcnamara presides over the case. John Leininger, Esq. at Otteson Shapiro LLP serves as the Debtor's counsel. MEM HOLDINGS: Claims to be Paid from Rental Income & Sale Proceeds ------------------------------------------------------------------ MEM Holdings, LLC filed with the U.S. Bankruptcy Court for the Western District of Washington an Amended Disclosure Statement describing Amended Plan of Reorganization dated July 9, 2026. The Debtor was formed in 2021 by principal Maximillian Madarri. In the summer of 2022, the Debtor acquired the property located at 13657 NE 126th Place, Kirkland WA 98034 ("Property"). The property is security for a first trust deed held by First Citizens Bank & Trust Company ("First Citizen's Loan") who provided financing for the purchase. After the purchase, the Debtor continued leasing to 3 existing tenants (Auto Car Zone, Eclipse Marking and Quick Learn). As the existing leases ended, principal, Maximillian Mudarri began leasing the Property to his various business entities. Since the purchase, the Debtor kept current on the First Citizen's loan. Notwithstanding the current status, the loan was called due during 2025 because of delinquent property tax status and the perceived lack of security on the First Citizen's Loan. Currently, the Debtor leases the Property to Mudarri Motor Sports Co. ("Lessee") an entity wholly owned by principal Maximillian Madarri. From the Property, Lessee operates an automobile dealership which includes providing sales and service to its customers. The Lessee also sells used boats from the premises and operates a dispatched mobile boat repair service. Lessee is currently a Chapter 11 Debtor in the Western District of Washington, Case No. 26-11413. General unsecured claims are not secured by property of the estate and are not entitled to priority under Section 507(a) of the Code. There are no classes of unsecured claims. Maximillian Mudarri will receive no distribution under the Plan and will retain his ownership in the Debtor until such time that the property is liquidated or surrendered. The Plan will be funded from a combination of rent received from Mudurri Motorsports, Co., a Washington profit company ("Lessee"), derived from its business operations and the sale of the real property no later than 12 months following the Effective Date. Until such time as the property is sold, Lessee will be responsible for all maintenance and repairs associated with the property. In the event the property is unable to be sold, Debtor will surrender the property. Mudarri Motorsports Co is the only tenant of the Debtor and has filed Chapter 11 petition, Case No. 26-11413 on April 28, 2026. Both the Debtor and Mudarri Motorsports Co. are owned and operated by Maximillian Mudarri. As of the Petition Date of the Debtor, was behind on pre-petition rent. Given the current financial situation of Mudarri Motorsports Co there is no ability to pay the past-due rent and there is a continued risk of non-payment postpetition. A full-text copy of the Amended Disclosure Statement dated July 9, 2026 is available at https://urlcurt.com/u?l=3mOhDy from PacerMonitor.com at no charge. Counsel to the Debtor: Jennifer L. Neeleman, Esq. Thomas D. Neeleman, Esq. Neeleman Law Group, PC 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 Email: jennifer@neelemanlaw.com About MEM Holdings LLC MEM Holdings, LLC is a single-asset real estate company focused on owning or managing one primary property, engaging in activities such as property management, and appraisal services, and is classified under NAICS 5313. MEM Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-10294) on Jan. 29, 2026. In the petition signed by Maximillian Mudarri, sole member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Christopher M. Alston oversees the case. The Debtor tapped Jennifer L. Neeleman, at Neeleman Law Group, PC, as counsel. MGT CAPITAL: Eliminates $1.2M Debt Through Exchange Agreement ------------------------------------------------------------- MGT Capital Investments, Inc. announced on July 20, 2026, the achievement of strategic corporate milestones intended to fundamentally optimize its capital structure, eliminate legacy debt liabilities, and materially elevate its corporate governance and operational framework. Through completing a debt exchange transaction along with a concurrent board expansion, MGT has removed its primary secured debt overhang and added seasoned institutional leadership to its Board of Directors to guide the advancement of its corporate asset base. Comprehensive Debt Extinguishment Restructures Capital Base In a major milestone for the Company's capital structure, MGT entered into a definitive Secured Convertible Promissory Note Exchange Agreement with its primary institutional lender, Project Nickel LLC. Under the agreement's terms, the lender surrendered and canceled the outstanding Secured Convertible Promissory Note originally issued in September 2025 in the aggregate principal amount of $1,220,240.00. In consideration for the extinguishment of all principal and accrued interest under the note, MGT issued 3,250,000 shares of its newly designated Series E Convertible Preferred Stock and 750,131,126 shares of restricted Common Stock. The Series E Preferred Stock incorporates a strict 9.9% beneficial ownership blocker to protect the integrity of the Company's equity float. This transaction allows MGT to operate with a cleaner, highly optimized balance sheet, free of compounding senior interest obligations. Active Status and Strategic Asset Positioning Management notes balance sheet optimization is a critical step in a broader corporate strategy to aggressively unlock the value of the Company's structural capabilities and corporate assets. MGT is actively focused on deploying its operational infrastructure, historical tax assets, and regulatory status toward the evaluation, acquisition, and management of high-growth business opportunities. By unburdening the balance sheet, MGT has cleared the path to maximize the utility of its corporate structure for upcoming transaction cycles. Board Expansion Welcomes Institutional Financial Sophistication Along with the financial restructuring, MGT has enhanced its leadership team, in line with public company governance best practices. Pursuant to the Company's corporate bylaws, MGT expanded its Board of Directors to three members, appointing two seasoned executives to the Board: David M. Garrity, CFA joins the Board as an Independent Director. Mr. Garrity brings over three decades of financial market, technology research, and corporate operating experience to MGT. A Chartered Financial Analyst (CFA) holding an MBA from Northwestern University's Kellogg School of Management, Mr. Garrity's experience includes prior service as the Chief Financial Officer for two separate SEC-reporting issuers (Interclick Inc. and Aspen Group, Inc.) and as Lead Independent Director and Audit Committee Chairman for BTCS, Inc. Jonathan M. Pfohl, MGT's active Interim Chief Executive Officer and Chief Financial Officer, joins the Board as an inside director, ensuring seamless continuity between management execution and board-level strategic oversight. Mr. Garrity's deep background in public company financial stewardship and capital markets valuation provides MGT with a rigorous foundation to drive subsequent strategic growth initiatives. In addition, to align his interests directly with MGT stockholders, Mr. Garrity concurrently participated in a separate private placement, purchasing 150,000,000 shares of restricted Common Stock for an aggregate cash consideration of $50,000.00. Management Commentary "Today marks a defining turning point in the structural trajectory of MGT Capital Investments," said Jonathan M. Pfohl, Interim CEO, CFO, and newly appointed Director of MGT. "By completely extinguishing our senior secured convertible debt overhang, we have stripped away compounding liabilities and delivered a significantly cleaner balance sheet to our shareholders. MGT is a dynamic corporate vehicle, and we are actively positioned to utilize our corporate infrastructure and assets to capture meaningful future value. Expanding our board to bring in a financial leader of David Garrity's caliber underscores our commitment to rigorous financial oversight as we execute this blueprint. This structural reset is just the first phrase of our broader initiative. We are actively finalizing engagements with premier external advisory partners to accelerate the evaluation and execution of strategic transaction opportunities and look forward to sharing those developments with the market shortly." For full technical and regulatory details regarding these transactions, stakeholders are encouraged to review the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2026. About MGT Capital Investments, Inc. MGT Capital Investments, Inc. (OTC: MGTI) is a corporate enterprise focused on the evaluation, advancement, and management of strategic business opportunities. The Company is dedicated to building long-term shareholder value through disciplined financial management and robust corporate governance. MICROBILT CORP: Seeks to Retain Stevens & Lee as Counsel -------------------------------------------------------- MicroBilt Corporation seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Stevens & Lee to serve as counsel in its Chapter 11 bankruptcy proceeding. Stevens & Lee will undertake the representation at its standard hourly rate plus disbursements. The hourly rates for the following attorneys and paralegal are as follows: Daniel M. Stolz $900 Scott S. Rever $700 Susan Long $550 Jaclynn McDonnell $550 R. Edward Stone, III, Esq. $400 Lorrie Denson, Paralegal $325 Stevens & Lee certified that it does not hold an adverse interest to the estate, does not represent an adverse interest to the estate, and is disinterested under 11 U.S.C. Sec. 101(14). The firm can be reached at: Daniel M. Stolz, Esq. Jaclynn N. McDonnell, Esq. R. Edward Stone, III, Esq. Jason C. Manfrey, Esq. STEVENS & LEE 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Telephone: (973) 387-7801 E-mail: daniel.stolz@stevenslee.com jaclynn.mcdonnell@stevenslee.com r.edward.stone.iii@stevenslee.com iason.manfrev@stevenslee.com About MicroBilt Corporation MicroBilt Corporation in Princeton, New Jersey provides access to over 3 billion debit account records, nearly 30 billion pieces of demographic and public record data and over 100 million unique consumer records to prevent identity fraud, evaluate credit risk and retain customer relationships. MicroBilt Corporation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-18129) on July 16, 2026. MicroBilt estimated $10 million to $50 million in both assets and debts. CL Verify estimated $100 million to $500 million in assets, but under $1 million in debts. Court papers say the Debtors have roughly $8.4 million in unsecured debt and no secured debt. The Debtors believe they have an enterprise value of $150 million to $180 million. Judge and Chapter information were listed in the case caption as Chapter 11; the judge’s name was not provided in the available documents. STEVENS & LEE serve as Debtor's legal counsel. MILE HIGH: No Change in Patient Care, 1st PCO Report Says --------------------------------------------------------- Eric Huebscher, the duly appointed patient care ombudsman, filed with the U.S. Bankruptcy Court for the District of Colorado his first report regarding the quality of patient care provided by Mile High Recovery Center, LLC. In the report which covers the period May 15 to July 15, the PCO conducted a virtual tour of both the Fillmore and Clayton service sites. The PCO found both locations to be well maintained and operationally consistent with the Debtor's service plans. The PCO interviewed clients from both the Fillmore and Clayton service sites. Clients reported satisfaction with their care and confirmed that their care had not been interrupted or compromised because of this bankruptcy filing. Mr. Huebscher reviewed employee and contractor rosters, noting relevant job functions and their relationship to the services provided. The PCO believes that the Debtor is appropriately staffed to meet the needs of its clients. The workforce remained stable during this reporting period. The PCO noted that patient care has not been compromised or changed during this reporting period. The PCO will continue monitoring patient care. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=5DHMMx from PacerMonitor.com. The ombudsman may be reached at: Eric Huebscher, MBA, CPA, CFE, CPCP Huebscher & Co. 301 East 87th Street, 20E New York, NY 10128 Phone: (646) 584-3141 Mobile: (917) 763-3891 EFAX: 212-202-3503 Email: ehuebscher@huebscherconsulting.com About Mile High Recovery Center LLC Mile High Recovery Center, LLC provides drug and alcohol rehabilitation services and expanded to multiple residential facilities and a treatment center offering inpatient and outpatient care. Mile High Recovery Center filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-12796) on April 23, 2026, with up to $500,000 in assets and up to $10 million in liabilities. Brice Hancock, president of Mile High Recovery Center, signed the petition. Judge Michael E. Romero oversees the case. Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C., represents the Debtor as legal counsel. MKZ DISTRIBUTION: Soneet Kapila Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Soneet Kapila of Kapila Mukamal as Subchapter V trustee for MKZ Distribution, LLC. Mr. Kapila will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kapila declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Soneet R. Kapila Kapila Mukamal 1000 South Federal Highway, Suite 200 Fort Lauderdale, FL 33316 Tel: (954) 761-1011 Email: skapila@kapilamukamal.com About MKZ Distribution LLC MKZ Distribution LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19255) on July 15, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Thomas L. Abrams, Esq. represents the Debtor as legal counsel. MONARCH BAY: Plan Confirmation Hearing Continued to Sept. 30 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California will hold a hearing on Sept. 30, 2026 to confirm the Second Amended Joint Plan of Reorganization of Monarch Bay for Sale Residential, LLC, and Cal Coast Companies LLC, Inc. Objections to confirmation of the Plan, any objections to confirmation of the Plan must be filed with the Bankruptcy Court and served upon the following parties by Sept. 17, 2026 (the "Plan Objection Deadline"): (1) counsel for the Debtor, ShemanoLaw, attention: David B. Shemano, Esq., 1801 Century Park East, Suite 2500, Los Angeles, CA 90067; (2) counsel for Cal Coast Companies LLC, Inc., Greenberg Glusker Fields Claman & Machtinger LLP, attention: Brian L. Davidoff, Esq., 2049 Century Park East, Suite 2600, Los Angeles, CA 90067; and (3) the Office of the United States Trustee, 915 Wilshire Blvd #1850, Los Angeles, CA 90017. Submission of a ballot on the Plan so as to be received by counsel for the Debtor no later than Sept. 17, 2026. As reported by the Troubled Company Reporter, on July 22, 2020, the Debtor's parent company, Cal Coast Companies, LLC ("Cal Coast") entered into a purchase and sale agreement with the City (the "Debtor PSA") to purchase the real property located in the City of San Leandro, County of Alameda, State of California, and as described in the Deed of Trust as follows: Parcel 1 of map entitled Parcel Map No. 11312 filed for record November 30, 2022 in Book 356 of Maps at Pages 58-61 Alameda County Records. APN's: 079A-0590-001-05 & 079A-0590-003 (the "Property"). The Property is adjacent to City-owned real property. The Property and the City-owned real property constitute seventy-five acres located within the City limits in the Shoreline-Marina area. The Debtor PSA provides that Cal Coast as the "Buyer" desires to develop the "Shoreline Project" and has entered into the Disposition and Development Agreement dated July 22, 2020 ("DDA") regarding the development of the "Shoreline Project." In December 2022, Cal Coast assigned to the Debtor all of Cal Coast's right, title and interest in and to the Debtor PSA, and the Debtor accepted the assignment, and agreed to assume all of Cal Coast's duties and obligations as buyer under the Debtor PSA, as if the Debtor was the original Buyer under the Debtor PSA. A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=UoS7Kl from PacerMonitor.com. Counsel to the Debtor: David B. Shemano ShemanoLaw David B. Shemano, Esq, 1801 Century Park East, Suite 2500 Los Angeles, CA 90067 Telephone: (310) 492-5033 Email:dshemano@shemanolaw.com About Monarch Bay for Sale Residential Monarch Bay For Sale Residential, LLC, is engaged in activities related to real estate. Monarch Bay For Sale Residential, in Los Angeles CA, filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 24-14877) on June 20, 2024, listing as much as $10 million to $50 million in both assets and liabilities. Edward J. Miller as president of Manager, signed the petition. Judge Deborah J Saltzman oversees the case. David B. Shemano, Esq., at ShemanoLaw, serves as the Debtor's legal counsel. MONIKUE BELT: Robert Handler Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 11 appointed Robert Handler of Commercial Recovery Associates, LLC as Subchapter V trustee for Monikue Belt Inc. Mr. Handler will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Handler declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robert P. Handler Commercial Recovery Associates, LLC 205 West Wacker Drive, Suite 918 Chicago, IL 60606 Tel: (312) 845-5001 x221 Email: rhandler@com-rec.com About Monikue Belt Inc. Monikue Belt Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-11742) on July 16, 2026, with $100,001 to $500,000 in both assets and liabilities. Ben L. Schneider, Esq. at Schneider & Stone represents the Debtor as legal counsel. MORNING LAVENDER: Seeks to Hire Polis & Associates as Counsel ------------------------------------------------------------- Morning Lavender, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Polis & Associates, a Professional Law Corporation as counsel. The firm will provide these services: (a) advise the Debtor with respect to its rights, powers, duties and obligations in the administration of this bankruptcy case, the management of its affairs, and the management of its properties as they relate to the Chapter 11 case; (b) prepare pleadings and applications, and conduct examinations incidental to administration; (c) advise and represent the Debtor in connection with all applications, motions or complaints for reclamation, adequate protection, sequestration, relief from stays, appointment of a trustee or examiner and all other similar matters; (d) analyze claims of creditors in the Debtor's bankruptcy estate; (e) advise and assist the Debtor in the formulation and presentation of a plan of reorganization pursuant to Chapter 11 of the Bankruptcy Code and concerning any and all matters relating thereto; (f) perform any and all other legal services incident and necessary for prosecution of the Debtor's bankruptcy estate; and (g) perform any and all other legal services incident and necessary herein to preserve assets for the benefit of the estate and its creditors. The firm received an initial retainer of $51,738, including Chapter 11 filing fee of $1,738 from the Debtor. Thomas Polis, Esq., a principal at Polis & Associates, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas J. Polis, Esq. Polis & Associates, a Professional Law Corporation 19800 MacArthur Boulevard, Suite 1000 Irvine, CA 92612 Telephone: (949) 862-0040 Facsimile: (949) 862-0041 Email: tom@polis-law.com About Morning Lavender LLC Morning Lavender LLC is a Tustin, California-based women's fashion and lifestyle retailer. Morning Lavender LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11858) on June 16, 2026. In its petition, the Debtor reports $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The Debtor is represented by Thomas J. Polis, Esq., at Polis & Associates, a Professional Law Corporation. MOUNTAIN REGIONAL: Seeks to Extend Plan Exclusivity to Aug. 17 -------------------------------------------------------------- Mountain Regional Equipment Solutions, LLC and MRES Holdings, LLC asked the U.S. Bankruptcy Court for the District of Utah to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Aug. 17 and Oct. 16, 2026, respectively. This Motion is the Debtors' fourth request for an extension of the Plan Period. It cannot be reasonably asserted that the Debtors are seeking an extension of the Plan Period to unfairly prejudice or pressure the Debtors' creditors. Instead, the extension requested by the Debtors is an exercise of prudent business judgment and an attempt to have adequate time to negotiate terms with secured creditor and other creditors of the estate. In sum, the requested extension of the Plan Period will facilitate the Debtors' efforts to maximize the value of their estates by providing the Debtors with a full and fair opportunity to seek acceptance of their Plans. The Debtors submit that the extension requested herein will increase the likelihood of a greater distribution to creditors than would be possible if the Debtors were required to seek confirmation without additional time to finalize acceptance of the plan with key creditors. Counsel to the Debtors: Jeffrey L. Trousdale, Esq. Cohne Kinghorn, P.C. 111 E. Broadway Eleventh Floor Salt Lake City, UT 84111 Telephone: (801) 363-4300 Facsimile: (801) 363-4378 Email: jtrousdale@ck.law Cameron M. McCord, Esq. JONES & WALDEN LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 Email: cmccord@joneswalden.com About Mountain Regional Equipment Solutions Mountain Regional Equipment Solutions, LLC, supplies and services automated lubrication systems, safety systems, and maintenance products used in heavy mobile equipment and industrial machinery. It serves customers across construction, mining, transportation, agriculture, and industrial markets, with operations based in Salt Lake City, Utah. Mountain Regional Equipment Solutions sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27678) on Dec. 19, 2025, listing between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Todd Miceli, manager, signed the petition. Jeffrey L. Trousdale, at Cohne Kinghorn, P.C., is the Debtor's legal counsel. MPH RESTAURANTS: Appointment of Chapter 11 Trustee OK'd ------------------------------------------------------- Judge Jacqueline Cox of the U.S. Bankruptcy Court for the Northern District of Illinois approved the appointment of Janice Seyedin as Chapter 11 trustee for MPH Restaurants, LLC. Ms. Seyedin was appointed on July 16 by the U.S. Trustee for Region 11, the Justice Department's bankruptcy watchdog overseeing MPH's Chapter 11 case. The appointment followed a July 9 court order granting the motion filed by R Restaurant Group, LLC to appoint an independent trustee to take over the bankruptcy case. R Restaurant Group is a judgment creditor of MPH pursuant to a final and non-appealable judgment in the amount of $1,788,281.48 entered on December 8, 2025 (and which accrued post-judgment interest through the petition date). In its motion, R Restaurant Group sought the appointment of a bankruptcy trustee, arguing that a trustee is needed to protect the value of MPH's operating subsidiaries, which include two profitable Chicago Loop restaurants (Randolph Tavern and City Social) and a third subsidiary that recently closed Madison Tavern. R Restaurant Group also argued that the current manager, Marc Hochmuth, is unfit to discharge the fiduciary duties associated with managing a debtor-in-possession because he allegedly used the company's subsidiary funds for personal benefit, including paying himself and charging personal expenses to subsidiary accounts. To the best of the U.S. Trustee's knowledge, Ms. Seyedin's connections with MPH, creditors, and other parties-in-interest are limited to the connections set forth in her verified statement filed with the court. About MPH Restaurants LLC MPH Restaurants, LLC is an Illinois-based company engaged in operating restaurant establishments, offering food and dining services to customers. The company participates in the hospitality and food service industry. MPH Restaurants, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05071) on March 23, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $1,000,000 and $10,000,000. Honorable Bankruptcy Judge Jacqueline P. Cox handles the case. The Debtor is represented by Paul M. Bach, Esq., at Bach Law Offices. MTF HOLDINGS: Trustee Taps Novo Advisors as Accountants and Advisor ------------------------------------------------------------------- Claudia Z. Springer, Chapter 11 Trustee for MTF Holdings LLC and its affiliated debtors, seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Novo Advisors LLC as accountants and financial advisors. The firm will provide these services: (a) work collaboratively with the Trustee to oversee and facilitate the operations of the Companies; (b) work collaboratively with the Trustee to assess the value of the Company's assets now and the potential value in the future; (c) work with the Companies' management teams to oversee and manage the day to day operations of the Companies; (d) review the Companies' operations, finances and historical performance to develop a baseline understanding of the Companies' businesses, operations, and economics and determine the best strategies to continue operations and improve performance, if applicable; (e) determine whether the Companies are properly staffed and, if deemed advisable, reduce or increase staffing at the direction of the Trustee; (f) review all contracts (including, without limitation, leases) involving the Companies to determine whether they are in the Companies' best interests and potentially renegotiate existing contractual arrangements; (g) investigate the Companies' transactions commencing in 2023 to form an understanding of cash activity in and out of the ordinary course of operations; (h) develop cash flow forecasting for each Company and the estate during these Chapter 11 Cases; (i) develop weekly budget versus actual reporting against the cash flow forecasts; (j) institute methods to improve the Companies' cash flow performance and liquidity; (k) review the bankruptcy filings, including but not limited to Schedules and Statements and Monthly Operating Reports to determine whether they accurately reflect the Company's operations and assets as of the date thereof and provide monthly operating reports for all periods following the Trustee's appointment; (l) participate in meetings with the Trustee's professionals, the Companies' former professionals, the Companies' lenders and franchisor to provide regular updates on performance of stores and to develop a strategy for selling the Companies' assets in order to maximize the value thereof and to negotiate or litigate causes of action; (m) prepare the Companies for a sale of the businesses as a going concern or an asset sale; (n) support the sale process of the Companies; (o) support investigation activities related to fund tracing and reclamations and chapter 5 causes of action; (p) assist in developing, evaluating, structuring, and negotiating the terms and conditions of a potential restructuring, plan of reorganization, or sale transaction, including a liquidation valuation and estimation of creditor recoveries for a plan of reorganization and/or negotiation purposes; and (q) provide other support services as requested by the Trustee. Novo Advisors LLC will be compensated on an hourly basis at rates ranging from $375 to $1,095 per hour, plus reimbursement of actual and necessary expenses. Novo Advisors 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: Sandeep Gupta NOVO ADVISORS LLC 200 W. Madison St., Suite 1000 Chicago, IL 60606 Telephone: (312) 961-6854 About MTF Holdings MTF Holdings, LLC is a privately held investment holding company that manages strategic investments across real estate, corporate equity, and alternative asset classes. The company is based in Lancaster, Pa., and engages in allocating capital and providing oversight to its portfolio businesses. MTF Holdings and five affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Lead Case No. 26-10236) on January 21, 2026. At the time of the filing, MTF Holdings listed between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Patricia M. Mayer oversees the cases. The Debtors are represented by Albert Anthony Ciardi, III, Esq. at Ciardi Ciardi & Astin. MVMT LABS: Jeffrey Schwendeman of RPA Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Jeffrey Schwendeman of RPA Advisors, LLC as Subchapter V trustee for MVMT Labs Inc.. Mr. Schwendeman will charge $450 per hour for his services as Subchapter V trustee and will seek reimbursement for work-related expenses incurred. Mr. Schwendeman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jeffrey Schwendeman RPA Advisors, LLC 45 Eisenhower Drive Paramus, NJ 07652 (201) 527-6661 Email: jschwendeman@rpaadvisors.com About MVMT Labs Inc. MVMT Labs Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11113) on July 15, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Judge Thomas M. Horan presides over the case. Sameen Rizvi, Esq., Gregory Joseph Flasser, Esq. and Jeremy W. Ryan, Esq. at Potter Anderson & Corroon LLP represents the Debtor as legal counsel. MY CAR WASH: Court OKs Bid Rules for Belleview Property Sale ------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, has granted My Car Wash, LLC to establish bidding procedures for the sale of commercial property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is comprised of commercial real property located at 9820 SE US Highway 441, Belleview, FL 34420-6222 and all assets/fixtures. The Debtor seeks to establish a bidding procedures for the sale of Debtor's commercial real property and to provide certain "stalking horse" bid protections to any stalking horse bidder. The Court has approved the stalking horse bid for the Property submitted by VRP Consulting, LLC in the amount of $1,250,000. VRP shall be entitled to a break-up fee in the amount not to exceed $15,000.00 for actual fees and costs incurred and subject to approval by the Court for reasonableness. In the event the Debtor timely receives one or more Qualifying Bid, the Debtor is authorized to conduct a remote auction on August 12, 2026 at 11:00 a.m. with a court reporter present to transcribe the Auction Sale. The minimum overbid at the Auction Sale shall be in the amount of $1,270,000. The bid increments at the Auction shall be in the amount of $20,000. First Bank of the Lake is deemed to be a qualified bidder who may exercise its right to credit bid. If First Bank is not the successful purchaser of the Property, the Carve-Out shall be reduced to $47,500.00 to be deducted at closing and paid directly to the trust account of Mark S. Roher, P.A., with $37,500.00 allocated for the payment of Debtor's bankruptcy counsel's fees and costs incurred in this bankruptcy case and $10,000.00 to be earmarked for the benefit of the Debtor's unsecured creditors, provided the commission to be paid to TRI is greater than $37,500.00. Any party wishing to participate at the Auction Sale must execute and deliver to the Debtor and/or its counsel no later than for 5:00 p.m. on August 10, 2026 the form Commercial Contract. The Court will hold a final hearing to consider approval of the sale of the Property on August 17, 2026 at 10:00 A.M. before the Honorable Jacob A. Brown, Chief United States Bankruptcy Judge, 300 N. Hogan St., 4th Floor, Courtroom 4C, Jacksonville, FL 32202. About My Car Wash LLC My Car Wash, LLC, a company based in Belleview, Florida, operates a commercial car wash offering full-service and automated cleaning to individual and fleet customers at its single location on South Highway 441. My Car Wash sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00161) on January 15, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Jacob A. Brown oversees the case. . Mark S. Roher, P.A. also known as The Law Office of Mark S. Roher, P.A., is the Debtor's bankruptcy counsel. MY SIZE: Stockholders Approve Key Proposals at 2026 Annual Meeting ------------------------------------------------------------------ My Size, Inc., on July 21, 2026, held its 2026 annual meeting of stockholders to vote on the following purposes: (1) to elect two Class II directors, (2) to hold an advisory vote on the compensation of the Company's named executive officers named in the Company's proxy statement, (3) to grant discretionary authority to the Company's board of directors to: (i) amend the Company's Amended and Restated Certificate of Incorporation, as amended, to effect one or more reverse stock splits of the Company's issued and outstanding common stock at a ratio ranging from 1-for-2 to 1-for-30, and (ii) determine the treatment of fractional shares resulting from the Reverse Stock Split, provided that the aggregate Reverse Stock Split ratio shall not exceed 1-for-30 and any Reverse Stock Split shall be effected by no later than July 21, 2027, (4) to approve an amendment to the Charter to authorize the issuance of blank check preferred stock, and (5) to ratify the appointment of Somekh Chaikin as the Company's independent public accountant for the fiscal year ending Dec. 31, 2026. A total of 2,023,301 shares of common stock, constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. The following are the voting results for the proposals considered and voted upon at the Annual Meeting, each of which was described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on June 2, 2026. Proposal 1. Election of two Class II directors to serve on the Board for a term of three years or until their successors are elected and qualified: 1. Oron Branitzky * For: 1,072,235 * Withheld: 69,171 * Broker Non-Votes: 881,895 2. Guy Zimmerman * For: 1,071,940 * Withheld: 69,466 * Broker Non-Votes: 881,895 Proposal 2. An advisory vote on the compensation of the Company's named executive officers named in the Company's proxy statement: * For: 968,586 * Against: 107,271 * Abstain: 65,549 * Broker Non-Votes: 881,895 Proposal 3. Grant discretionary authority to the Board to (i) amend the Charter to effect one or more Reverse Stock Splits and (ii) determine the treatment of fractional shares resulting from the Reverse Stock Split, provided that the aggregate Reverse Stock Split ratio shall not exceed 1-for-30 and any Reverse Stock Split shall be effected by no later than July 21, 2027: * For: 1,747,285 * Against: 271,826 * Abstain: 4,190 * Broker Non-Votes: -- Proposal 4. Approval of an amendment to the Charter to authorize the issuance of blank check preferred stock: * For: 1,025,885 * Against: 113,208 * Abstain: 2,313 * Broker Non-Votes: 881,895 The Blank Check Preferred Stock Proposal was not approved, as the proposal did not receive the affirmative vote of a majority of the outstanding shares of the Company's common stock entitled to vote thereon. Proposal 5. Ratification of the appointment of Somekh Chaikin as the Company's independent public accountant for the fiscal year ending December 31, 2026: * For: 1,901,844 * Against: 112,554 * Abstain: 8,904 * Broker Non-Votes: -- No other matters were presented for consideration or stockholder action at the Annual Meeting. About MySize, Inc. Airport City, Israel-based My Size, Inc. (NASDAQ: MYSZ) -- http://www.mysizeid.com/-- is an omnichannel e-commerce platform and provider of AI-driven measurement solutions that drive revenue growth and reduce costs for online retailers while generating big data and machine learning analytics. Tel Aviv, Israel-based Somekh Chaikin, a member of KPMG International, the Company's auditor since 2017, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred significant losses and negative cash flows from operations and has an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $8.5 million in total assets, $4.5 million in total liabilities, and $4 million in total stockholders' equity. NEOTEK INC: Gets Final OK to Use Cash Collateral ------------------------------------------------ Neotek Inc. received final approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to pay operating expenses based on its one-month budget, with up to 15% variance per line item and 15% overall. The Debtor is also authorized to pay Subchapter V trustee fees incurred during the bankruptcy case. The Debtor projects total monthly operational expenses of $194,096.18. As adequate protection, Citizens National Bank of Texas is granted automatically perfected post-petition replacement liens on the Debtor's post-petition assets to the same extent as its pre-petition liens, protecting against any decline in the value of its collateral. The replacement liens exclude Chapter 5 avoidance actions and do not prime taxing authority liens. The order also clarifies that it does not constitute an admission by the Debtor regarding the validity of the lender’s asserted liens. The order further requires the Debtor to deposit all post-petition cash receipts and accounts receivable into a separate debtor-in-possession cash collateral account, provide monthly accounting of funds to the secured lender, maintain insurance on the collateral, pay taxes when due, and submit Monthly Operating Reports to the lender's counsel by the 25th day of each month. The Debtor is also authorized to pay Subchapter V Trustee fees during the case. As additional adequate protection, Neotek Inc. must make monthly payments of $1,000 to Citizens National Bank of Texas. Cash collateral may only be used for expenses authorized under the approved budget, subject to the allowed variances, while the secured lender retains all rights to seek further relief under the Bankruptcy Code if necessary. About Neotek Inc. Neotek Inc. is a U.S.-based manufacturer of architectural LED linear lighting fixtures and systems serving commercial and residential markets. Neotek filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-42078) on May 11, 2026. In the petition signed by Lawrence Craig Satterfield, chief executive officer, the Debtor disclosed up to $1 million in both assets and liabilities. Judge Edward L. Morris oversees the case. Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor as legal counsel. Behrooz Vida, Esq., at the Vida Law Firm, PLLC serves as Subchapter V trustee for the Debtor. NEVADA CHARTER: S&P Rates 2026 Revenue Bonds 'BB+', Outlook Stable ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' long-term rating to the anticipated $7 million series 2026 charter school revenue bonds of the Public Finance Authority, Wisconsin, issued for Nevada Charter Academies (d/b/a Amplus Academy). At the same time, S&P Global Ratings affirmed its 'BB+' long-term rating on the authority's series 2019, 2017A, and 2017B (taxable) charter school revenue bonds, issued for Amplus Academy. The outlook is stable. S&P said, "The stable one-year outlook reflects our view that the academy will maintain stable enrollment and demand. We expect it to post at least break-even operating results over the next couple of years such that Amplus Academy will maintain sufficient liquidity and lease-adjusted MADS coverage for the rating." NEW AMSTERDAM: Seeks to Tap LaMonica Herbst & Maniscalco as Counsel ------------------------------------------------------------------- New Amsterdam Restaurant Equipment Sales & Service, Inc., doing business as Kitchen Works, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ LaMonica Herbst & Maniscalco, LLP as counsel. The firm will render these services: (a) provide legal advice with respect to the Debtor's powers and duties in accordance with the provisions of the Bankruptcy Code; (b) prepare, on behalf of the Debtor, all necessary legal documents required by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure; (c) assist the Debtor in first day motions, stabilizing operations and cash collateral; (d) prepare plan of reorganization to assist the Debtor in emerging from bankruptcy; (e) assist the Debtor in the development and implementation of a plan of reorganization or liquidation; and (f) perform all other legal services for the Debtor that may be necessary in connection with the Chapter 11 case. The firm will be paid at these hourly rates: Senior Partners $725 Associates $575 Paraprofessionals $225 In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing date, the Debtor paid the firm the total sum of $17,500 as a retainer plus the required $1,738 filing fee. Salvatore LaMonica, Esq., a member at LaMonica Herbst & Maniscalco, 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: Salvatore LaMonica, Esq. LaMonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Telephone: (516) 826-6500 About New Amsterdam Restaurant Equipment Sales & Service New Amsterdam Restaurant Equipment Sales & Service, Inc., also known as Kitchen Works, is a Freeport, New York-based commercial foodservice equipment business operating from 679 S. Ocean Avenue that provides repair, maintenance, and supply services for restaurant kitchens and institutional food operations. Founded in 1983, the company serves restaurants and other foodservice operators with commercial cooking, refrigeration, and kitchen equipment systems. New Amsterdam Restaurant Equipment Sales & Service sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-71451) on April 14, 2026. In the petition signed by Daniel Fowley, general manager, the Debtor disclosed up to $500,000 in estimated assets and up to $10 million in estimated liabilities. The Debtor is represented by Salvatore LaMonica, Esq., at LaMonica Herbst & Maniscalco, LLP. NORTH FLORIDA: Unsecured Creditors to Split $10K in Plan -------------------------------------------------------- North Florida Adult Training Center, LLC filed with the U.S. Bankruptcy Court for the Northern District of Florida an Amended Plan of Reorganization dated July 9, 2026. The Debtor operates a facility for adults with special needs and disabilities, assisting with daily activities. The Debtor provides supported living, personal support, companions, and various training. The Debtor filed this case to reorganize its business affairs. The Debtor's principal was defrauded into taking out loans with Merchant Cash Advance creditors ("MCAs") to invest in crypto currency. This led to the loss of between $100,000.00-$200,000.00 from the Debtor before the fraud was discovered. The loss from the fraud and the repayment schedule to MCAs led to substantial cash flow issues. The Debtor commenced this case to give the cash flow an opportunity to stabilize so it can reorganize. While the Debtor has experienced financial issues as indicated above, the Debtor strongly believes there is a path to a successful reorganization in this case. Since the filing of this case, the Debtor has reached an agreement with John Deere. The Plan will be funded by the Debtor's ongoing business operations. This Plan of Reorganization proposes to pay creditors of the Debtor from the Debtor's continued operations. The manager of the Debtor, Earl Cobb, will remain in that role postconfirmation. This Plan provides for the payment of 2 classes of secured claims, one class of general unsecured claims, and one class of equity security holders. This Plan provides for the payment of administrative and priority claims in full. Class 3 consists of General Unsecured Claims. Creditors holding unsecured claims include: Internal Revenue Service: $6,469.83; Fundfi Merchant Funding, LLC: $71,202.65; American Express National Bank: $34.07; Capital One, N.A.: $400.00; Small Business Financial Solutions, LLC (Rapid Finance): $55,000.00; and the U.S. Small Business Administration: $147,751.50. Class 3 Claimants shall receive a total dividend of $10,000.00 paid pro-rata amongst the creditors in this class. Installment payments (to be disbursed pro rata) in the amount of $500.00 shall commence on the fifteenth day of the month, on the first month that begins more than sixty days after the Effective Date and shall continue every ninety days thereafter for a total of twenty payments. This Class is impaired. Class 4 consists of Equity Security Holder Earl Cobb. Post confirmation, the equity security holder will continue to receive his salary. He will retain his ownership interest. The Debtor shall fund its Plan from its continued operations. Unless otherwise ordered by the Court, the Debtor will make the payments under this Plan, rather than the Subchapter V Trustee. A full-text copy of the Amended Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=zgxg4v from PacerMonitor.com at no charge. Counsel to the Debtor: Byron Wright III, Esq. Bruner Wright, PA 2868 Remington Green Circle Tallahassee, FL 32308 Telephone: (850) 385-0342 Facsimile: (850) 270-2441 About North Florida Adult Training Center North Florida Adult Training Center, LLC, operates a facility for adults with special needs and disabilities, assisting with daily activities. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. N.D. Fla. Case No. 26-40118) on March 2, 2026, listing up to $50,000 in assets and between $100,001 and $500,000 in liabilities. Judge Karen K. Specie oversees the case. Bruner Wright, P.A., is the Debtor's legal counsel. NURIEL & GRACE: PCO Reports No Change in Resident Care Quality -------------------------------------------------------------- Fay Gordon, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of California her second report regarding the quality of patient care provided by Nuriel & Grace, Inc. On June 18 and July 9, the Long-Term Care Ombudsman conducted two unannounced visits to the facility. During these visits, the Ombudsman observed all six residents. They all appeared calm and comfortable, and were dressed appropriately in clean, seasonally and occasion-appropriate clothing. No concerns were raised by the residents regarding the quality of care or responsiveness to requests for assistance. The Ombudsman also met with the owner, Ms. Madonna, and a caregiver from the on-site staff to discuss the bankruptcy and facility operations. Based on their descriptions and the Ombudsman's observations, it appears that the current number of staff is sufficient to meet the needs of the residents. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=ozDm1a from PacerMonitor.com. The ombudsman may be reached at: Fay Gordon 2880 Gateway Oaks Drive Suite 200 Sacramento, CA 95833 Telephone: (916) 245-1586 Email: fay.gordon@aging.ca.gov About Nuriel & Grace Inc. Nuriel & Grace, Inc. operates a residential care facility in Napa, California, providing assisted living and daily care services for elderly residents. Nuriel & Grace sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-10063) on January 31, 2026, with $912,023 in assets and $1,418,391 in liabilities. Gladys Martinez, chief executive officer, signed the petition. Judge Charles Novack oversees the case. Lars Fuller, Esq., at The Fuller Law Firm, PC represents the Debtor as bankruptcy counsel. OMNICARE LLC: Claims to be Paid from Asset Sale Proceeds -------------------------------------------------------- Omnicare, LLC and affiliates filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement for the Joint Chapter 11 Plan of Reorganization and Liquidation dated July 10, 2026. The Debtors were pioneers in the long-term care pharmacy industry. Recognizing the need for immediate, on-site medication and pharmacy services at long-term care facilities ("LTCFs"), the Debtors were founded in 1981 with a particular focus on serving residents at skilled nursing facilities. On or about August 18, 2015, CVS Pharmacy, Inc., a wholly owned subsidiary of CVS Health Corporation, acquired Omnicare. CVS Health is a holding company and has no employees or direct operations. Since that time, the Debtors have continued to operate as a separate business but have been able to take advantage of shared services and certain disbursing and purchasing arrangements provided by CVS Pharmacy and other direct or indirect subsidiaries of CVS Health, other than the Debtors (collectively, "CVS," which, for the avoidance of doubt, does not include CVS Health itself). In order to maximize the value of their estates for the benefit of all creditors and parties in interest, the Debtors determined that the best path forward in these Chapter 11 Cases was to market and sell all or substantially all of their Property through a competitive, court-supervised sale and auction process (the "Sale Process"). The Sale Process was designed to generate the highest or otherwise best available consideration for the Property while minimizing administrative costs and preserving the Debtors' ongoing operations, including their network of approximately 93 pharmacies serving more than 500,000 long-term care patients, during the pendency of these Chapter 11 Cases. The Debtors' professionals conducted a robust, postpetition marketing process designed to attract the broadest possible universe of qualified buyers. Pursuant to the Bidding Procedures Order, the Debtors designated the Purchaser as stalking horse bidder in connection with a proposed Sale and entered into a Stalking Horse Agreement, as detailed in the Notice of (I) Stalking Horse Bidder; (II) Rescheduled Bid Deadline, Auction and Sale Hearing Dates; and (III) Amended Deadline to File Assumption and Assignment Notice. Subsequently, in accordance with the Bidding Procedures, the Debtors determined, in consultation with the Committee and the DIP Lender, that no auction would be held and designated the Stalking Horse Bid submitted by the Purchaser as the Successful Bid. Per the Sale Order, the Bankruptcy Court authorized the assumption and assignment of the Assigned Contracts and Assigned Leases to the Purchaser pursuant to section 365 of the Bankruptcy Code (and subject to entry of the Order Authorizing the Assumption of Certain Unexpired Leases of Nonresidential Real Property and Granting Related Relief (the "Lease Assumption Order")) and addressing Preserved Objections (as defined in the Sale Order) and found that the Purchaser is a good faith purchaser entitled to the protections of section 363(m) of the Bankruptcy Code. The Plan is a combined plan of reorganization and liquidation. Under the Plan, certain of the Debtors will continue in existence as going-concern businesses directly or indirectly owned by GenieRx Holdings LLC (together with the Buyer Designee(s), the "Purchaser"), and will emerge from chapter 11 as "Reorganized Debtors." The remaining Debtors are "Liquidating Debtors" whose Purchased Assets are being sold to the Purchaser and will be dissolved under the supervision of the Plan Administrator following the Effective Date. Pursuant to the Asset Purchase Agreement, dated as of March 31, 2026, by and between the Debtors and the Purchaser (the "APA"), the Purchaser agreed to acquire the Purchased Assets. The Sale Order provides that the APA may be modified to provide for the sale or transfer of equity interests in one or more subsidiaries of Omnicare, including by means of a plan of reorganization, so long as the modification does not have a material adverse effect on the Debtors' Estates. As permitted under the Sale Order, the Debtors and Purchaser have determined and agreed that certain of the Debtors will be reorganized and their member Interests directly or indirectly acquired by the Purchaser under the Plan. Class 3 consists of General Unsecured Claims. Under the Plan, Class 3 consists of all General Unsecured Claims against any Debtor (which, for the avoidance of doubt, excludes the DOJ Claim, which is separately classified and treated in Class 4, and the CVS Prepetition Claims, which are separately classified and treated in Class 5). Each Holder of an Allowed General Unsecured Claim shall receive its Pro Rata share of the distributable value of the Estates remaining after payment of Allowed Administrative Claims, DIP Claims, Allowed Class 1 Claims, and Allowed Class 2 Claims, on each applicable Distribution Date, until such Holder has been paid in full on account of its Allowed General Unsecured Claim. Class 3 is Impaired, and Holders of Allowed Class 3 Claims are entitled to vote to accept or reject the Plan. In accordance with Article VII.D of the Plan, no Distributions shall be made from Wind-Down Assets on account of a General Unsecured Claim that is an Insured Claim until the exhaustion of all remedies with respect to the applicable Insurance Policy by the Debtor or Holder of such Insured Claim, as applicable. Further, as explained in Article VII.D of the Plan, the automatic stay and/or discharge injunction shall be modified upon the Effective Date to permit Holders of Insured Claims to proceed with their litigation against the respective Debtor. The Debtors anticipate that Allowed Insured Claims will be satisfied in full by proceeds of applicable insurance. Pursuant to the Sale Order, the Bankruptcy Court authorized the Debtors to sell the Purchased Assets to the Purchaser under the APA in exchange for $250 million in cash and assumption of the Assumed Liabilities, which are subject to the relevant limits set forth in the APA. The Sale Order provides that, subject to the mutual agreement of the Debtors and the Purchaser, the APA may be modified to provide for the sale or transfer of equity interests in one or more subsidiaries of Omnicare, including by means of a plan of reorganization or liquidation, so long as such modification does not have a material adverse effect on the Debtors' Estates. The Plan provides that all proceeds from the Sale, all Excluded Assets, and any other Property of the Debtors or the Debtors' Estates not acquired by the Purchaser pursuant to the Sale Documents or vesting in a Reorganized Debtor pursuant to the Plan shall vest in Omnicare's Estate on the Effective Date as WindDown Assets and be administered by the Plan Administrator for the benefit of all holders of Claims and Interests treated under the Plan. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=76PMWs from Stretto, claims agent. Counsel for the Debtors: Ian T. Peck, Esq. Charles A. Beckham, Jr., Esq. Martha Wyrick, Esq. HAYNES AND BOONE, LLP 2801 N. Harwood Street, Ste. 2300 Dallas, Texas 75201 Tel: (214) 651-5155 Fax: (214) 651-5940 E-mail: ian.peck@haynesboone.com charles.beckham@haynesboone.com martha.wyrick@haynesboone.com Vincent E. Lazar, Esq. Derek L. Wright, Esq. Angela M. Allen, Esq. JENNER & BLOCK LLP 353 N. Clark Street Chicago, Illinois 60654 Tel: (312) 923-2952 Fax: (312) 527-0484 E-mail: vlazar@jenner.com dwright@jenner.com aallen@jenner.com About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. The Debtors tapped Jenner & Block, LLP and Haynes Boone as legal counsel; Houlihan Lokey as investment banker; Alvarez & Marsal as restructuring advisor; and Stretto, Inc. as claims agent. The U.S. Trustee has appointed an official committee of unsecured creditors. The committee tapped Herbert Smith Freehills Kramer (US) LLP as counsel. ONAR HOLDING: Raises Going Concern Doubt Over Liquidity Deficit --------------------------------------------------------------- ONAR Holding Corporation disclosed in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission, that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of $1.13 million for the three months ended March 31, 2026, compared with a net loss of $1.29 million for the same period in 2025. Revenue increased 39% to $1.02 million for the three months ended March 31, 2026, from $734,515 in the prior-year period, primarily reflecting the inclusion of agencies acquired during 2025. Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company said it has incurred losses since inception, has negative working capital, and has not generated positive cash flows from operations since inception. As of March 31, 2026, the Company had a working capital deficiency of approximately $10.44 million and a stockholders' deficiency of approximately $6.65 million. These conditions, together with the quarterly net loss of approximately $1.13 million, raise substantial doubt about the Company's ability to continue as a going concern. Management stated that the Company's ability to continue operations depends on its ability to obtain additional sources of capital and achieve profitable operations and positive cash flows. During the first quarter of 2026 and through the filing date, the Company exited two non-core legacy businesses, reduced total operating expenses by 66%, lowered net cash used in operating activities by 40% compared with the prior-year period, and restructured a short-term financing obligation into a multi-year note payable with fixed payments. Management also plans to continue growing revenue through organic client acquisition and selective strategic acquisitions, maintain disciplined cost controls across its agency network, and reduce reliance on short-term convertible financing. However, the Company cautioned that there can be no assurance these initiatives will be successful in obtaining additional funding or achieving profitability. Accordingly, the financial statements do not include adjustments that might result from the outcome of this uncertainty. Plan of Operations The Company said it is executing a transition plan designed to strengthen its balance sheet, streamline operations, and position the business for scalable, sustainable growth. Near-term priorities include refinancing or converting short-term debt--much of which was incurred to finance the Juice Labs acquisition--into longer-term, lower-cost obligations; tightening expense controls and accelerating collections to improve cash conversion; expanding higher-margin AI-enabled marketing services; and selectively funding strategic growth initiatives. As of March 31, 2026, the Company reported current assets of $178,550 and current liabilities of approximately $10.6 million, resulting in a working capital deficit of approximately $10.4 million. Current liabilities included approximately $5.7 million of notes and other borrowings due within one year. Management said the short-term financing obtained to complete the Juice Labs acquisition was intended from the outset to be refinanced or recapitalized into longer-term debt and/or equity. During the quarter, approximately $93,000 of notes payable and accrued interest were converted into common stock, approximately $516,000 of debt principal was repaid, and approximately $1.0 million of related-party debt was refinanced into a new note maturing in August 2026. The Company is also finalizing a replacement financing facility intended to consolidate and extend certain remaining short-term obligations while providing additional capacity for future acquisitions. Management's operational priorities also include integrating the Sour Grapes technology platform and Retina AI assets into ONAR Labs to create a unified AI and data platform, relaunching the Retina AI platform for existing clients, and advancing its acquisition pipeline through discussions with potential acquisition targets. The Company said these initiatives are intended to improve liquidity, reduce financing costs, support future acquisitions, and mitigate the substantial doubt regarding its ability to continue as a going concern. Their success, however, remains dependent on operating performance and continued access to capital. Results of Operations Revenue increased 39% year over year to approximately $1.02 million, primarily due to agencies acquired during 2025 and changes in customer mix and revenue timing. Cost of revenues rose 51% to approximately $964,846, reflecting the revenue mix from acquired agencies and higher labor costs. Operating expenses declined 66% to approximately $381,882 from $1.11 million in the prior-year period, primarily due to lower stock-based compensation, professional fees, and compliance costs. Interest expense increased to approximately $802,502 from $192,864, primarily reflecting borrowings incurred during 2025 and 2026 to fund operations and acquisitions. The Company reported no change in the fair value of investments during the quarter, compared with a loss of $182,151 in the prior-year period, and recorded no income from discontinued operations following its exit from the legacy pool construction business in December 2025. Liquidity and Capital Resources As of March 31, 2026, the Company reported total assets of approximately $4.0 million, including current assets of $178,550, consisting primarily of cash of $11,213 and net accounts receivable of $55,614. Total and current liabilities were approximately $10.6 million, including accounts payable of approximately $1.58 million, accrued expenses and other liabilities of approximately $3.14 million, deferred revenue of $240,915, and approximately $5.7 million of notes payable, related-party notes, and convertible notes due within one year. Net cash used in operating activities declined to approximately $205,094 for the three months ended March 31, 2026, from $344,264 in the prior-year period. Net cash used in investing activities totaled approximately $88,850, primarily reflecting advances to a related party, partially offset by proceeds from the disposal of property and equipment. Financing activities provided approximately $210,737 of cash, mainly from proceeds of convertible notes, partially offset by repayments of convertible notes and related-party debt. The Company said it does not currently have committed additional sources of capital but is actively evaluating financing alternatives, including equity issuances, strategic debt facilities, and partnership opportunities. Management believes that ongoing debt refinancing efforts, lower operating cash usage following the Juice Labs integration, and continued cost discipline will improve financial flexibility. However, if refinancing transactions or expected cash-flow improvements are delayed or unavailable, the Company may require additional financing to maintain adequate liquidity. About ONAR Holding ONAR Holding Corporation was formed as a Nevada corporation under the name Reliant Holdings, Inc. on May 2014. ONAR serves as the operating entity for the Company's marketing and technology-enabled agency network. ONAR specializes in marketing solutions through a technology-enabled independent agency brand network, providing services across industries including performance digital marketing, healthcare marketing, and experiential marketing. As of March 31, 2026, the Company had $3.96 million in total assets, $10.61 million in total liabilities, and $6.65 million in total stockholders' deficit. OSTENDO TECHNOLOGIES: Seeks Cash Collateral Access -------------------------------------------------- Ostendo Technologies, Inc. asks the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, for authority to use cash collateral and provide adequate protection. The Debtor needs to use cash collateral from its intangible intellectual property sales to fund critical, time-sensitive administrative expenses. Specifically, the company is requesting an amendment to its previously approved budget to cover costs related to completing and filing its outstanding federal and state tax returns for the years 2020 through 2026. While Ostendo has already allocated a flat fee of $43,000 to hire the certified public accounting firm Bachecki, Crom & Co., LLP for the preparation—saving $7,000 from an initially budgeted $50,000 limit—the expedited process requires extensive, unexpected administrative support from its limited remaining staff. Consequently, the Debtor is asking to temporarily restore the voluntarily reduced salaries of its interim CEO, Barak Bussel, and its finance lead, Ringo Chong, back to their previously authorized levels. This temporary salary restoration will result in an incremental expenditure of $23,358.75 over a six-week period ending July 31, 2026. The Debtor emphasizes that this adjustment will not negatively impact its overall projected available cash or plan of reorganization, as the additional payroll costs are fully offset by savings realized in other budget categories. To satisfy legal requirements and protect stakeholders, Ostendo's request delineates its secured creditor landscape, noting that only the Small Business Administration and Rowen assert a security interest in the intellectual property sale proceeds. Other prominent secured lenders, such as John D. Pierce, NextMed III Owner, LLC, and RAF Pacifica Group, previously confirmed via legal stipulations that they hold no liens against the company's intangible assets. Ostendo maintains that the SBA and Rowen are fully protected by a substantial cash cushion capable of satisfying their allowed claims. As additional adequate protection, the company offers them replacement liens on its remaining assets to the extent that using the cash causes any diminution in value. Ostendo aims to finalize the tax filings and secure confirmation of its amended Chapter 11 plan at a court hearing scheduled for July 29, at 1:30 p.m. A copy of the motion is available at https://urlcurt.com/u?l=ix9vqU from PacerMonitor.com. About Ostendo Technologies Inc. Ostendo Technologies, Inc. develops advanced display and imaging technologies, including micro-LED and quantum photonic imagers. It operates in the semiconductor sector and maintains facilities in California. Ostendo Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11111) on June 24, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor tapped Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik, LLP as legal counsel and Sherwood Partners, Inc. as restructuring advisor. P R C TRANSPORT: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- P R C Transport, LLC received interim approval from the U.S. Bankruptcy Court for the District of New Jersey 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's authorization to use cash collateral will terminate upon the failure of the Debtor to comply with the interim order and the budget; dismissal or conversion of the Debtor's Chapter 11 case; or a court order modifying, staying, reversing or vacating the interim order, without the prior consent of secured lenders. The Debtor owns nine commercial trucks, which constitute its primary operating assets. Only two of those trucks are subject to perfected purchase-money security interests held by Keystone Equipment Financial Corp., while the remaining seven trucks are unencumbered because no lender possesses their vehicle titles. Keystone financed two Freightliner trucks under separate loan agreements executed in November and December 2022. Each truck is valued at approximately $15,000, giving Keystone collateral worth about $30,000. Meanwhile, the U.S. Small Business Administration and TD Bank, N.A. assert secured claims based on blanket liens covering substantially all of the Debtor's personal property. These creditors, however, may be unsecured because the collateral securing their claims has little or no value and neither creditor holds title to the trucks. Secured lenders will be granted adequate protection through replacement liens on and security interests in all property of the Debtor. In addition, the Debtor will provide Keystone with monthly payments of $625. The order is available at http://bankrupt.com/misc/PRCTransport_ICCOrder26.pdf The court will hold a final hearing on Sept. 17. About P R C Transport LLC P R C Transport, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17386) on June 26, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Anthony Sodono, III, Esq., at Mcmanimon, Scotland & Baumann, LLC represents the Debtor as legal counsel. P R C TRANSPORT: Hires McManimon Scotland & Baumann as Counsel -------------------------------------------------------------- P R C Transport LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ McManimon, Scotland & Baumann, LLC as counsel. The firm's services include: (a) advise the Debtor with respect to the power, duties, and responsibilities in the continued management of its financial affairs; (b) advise the Debtor with respect to preparing and obtaining approval of a disclosure statement and plan of reorganization; (c) prepare on behalf of the Debtor, as necessary, legal documents; (d) appear before this Court and other officials and tribunals, if necessary, and protect the interests of the Debtor in federal, state, and foreign jurisdictions and administrative proceedings; (e) negotiate and prepare documents relating to the use, reorganization, and disposition of assets as requested by the Debtor; (f) negotiate and formulate a disclosure statement and plan of reorganization; (g) advise the Debtor concerning the administration of its estate; and (h) perform such other legal services for the Debtor as may be necessary and appropriate herein. The firm will be paid at these hourly rates: Anthony Sodono, III, Member $775 Partners $350 - $695 Sari Placona, Member $550 Associates $220 - $350 Law Clerks $150 - $175 Paralegals and Support Staff $175 - $275 In addition, the firm will seek reimbursement for expenses incurred. Mr. Sodono III disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Anthony Sodono, III, Esq. McManimon, Scotland & Bauman, LLC 75 Livingston Avenue, Suite 201 Roseland, NJ 07068 Telephone: (973) 622-1800 Email: asodono@msbnj.com About P R C Transport LLC P R C Transport, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17386) on June 26, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Anthony Sodono, III, Esq., at McManimon, Scotland & Baumann, LLC represents the Debtor as legal counsel. PAGAYA TECHNOLOGIES: S&P Affirms 'B' LT ICR on Steady Performance ----------------------------------------------------------------- S&P Global Ratings affirmed its 'B' long-term issuer credit ratings on Pagaya Technologies Ltd. and Pagaya US Holding Co. LLC and its 'B' issue-level rating and '4' recovery rating on Pagaya's senior unsecured notes, reflecting its expectation for average (30%-50%) recovery in the event of a payment default. The stable outlook reflects our expectation that Pagaya will operate with adjusted debt to EBITDA of 3.5x-4.5x and EDITDA interest coverage above 2.0x over the next 12 months. One or more of the Credit Ratings referenced within this article was assigned by deviating from S&P Global Ratings' published Criteria. Pagaya, a financial technology company leveraging AI to enhance credit and investment decisions, reported steady performance year-to-date, including positive generally accepted accounting principles (GAAP) net income and reduced impairments. S&P expects Pagaya's revenue to continue expanding over the next two years, following strong growth of 26% in 2025. Pagaya earns most of its revenue through fee-based income, supplemented by interest and investment returns. In first-quarter 2026, 94% of total revenue was derived from fees, 6% from interest income, and less than 1% from investment income. As a result, revenue growth is largely tied to network volume, reflecting the increased number of loans originated through Pagaya's lending partner network. S&P views positively Pagaya's unique business model and its strategic relationships with both lending and funding partners. Pagaya has no direct competitors, and it benefits from access to a broad customer base without the need for direct marketing or advertising. Additionally, its fee-driven revenue model--largely tied to loan origination--provides a stable and scalable earnings stream. Pagaya improved its funding diversity in 2025, although its reliance on consumer loan asset-backed securities (ABS) market remains a risk. In 2024, about 90% of funding was derived from ABS securitizations. This share declined in 2025 to about 60% as the company used more forward-flow, pass-throughs, and other private funding. The shift supports a more capital-efficient, balance-sheet-light operating model and enhances financial flexibility in periods when ABS markets are not supportive. Pagaya's loan impairments improved in 2025, but its exposure to credit risk--stemming from its obligation to absorb first-loss positions under risk retention rules--continues to represent a potential vulnerability in its operating model. As of March 31, 2026, Pagaya retained $941 million (fair value) of loans on its books. The company recorded significant loan impairments on its balance sheet in 2023 ($134 million) and 2024 ($412 million) from a decline in the fair value of the retained assets. However, impairments decreased to $95.4 million in 2025. While S&P expects impairments to moderate in our base case, exposure to residual interest remains a risk, particularly in the event of unfavorable macroeconomic developments or weakening consumer loan performance. S&P said, "We expect the company to maintain positive net income and EBITDA in 2026 and 2027. Pagaya generated positive GAAP net income in 2025 and S&P Global Ratings-adjusted margins of 19%, up meaningfully from negative 23.7% in 2024. A reduction in impairments and strong revenue growth largely drove the improvement. We expect margins of 15%-20% in 2026 and 2027, as impairments remain steady and revenue continues to grow. "We expect credit measures to remain stable, reflecting our expectations for continued revenue growth, stable margins, and predictable ABS access, with potential for gradual strengthening if impairments remain normalized and lending partner volumes expand. We expect Pagaya to maintain debt to EBITDA of 3.5x-4.5x over the next 12 months. We also expect EBITDA interest coverage of 2.5x-3.5x over the same period. However, because we believe there is potential for volatility in these metrics during periods of stress, we assess the company's financial risk as aggressive. "In our calculation of adjusted debt, we include the preferred shares, given that a single investor holds all the shares. We also add lease liabilities to our calculation of debt. For adjusted EBITDA, we add back share-based compensation but don't add back loan impairment charges. "We apply a criteria exception to our "Corporate Methodology: Ratios And Adjustments" criteria to better reflect Pagaya's leverage. Under this exception, we exclude from our leverage calculation any off-balance-sheet securitized assets that are sold through a true-sale structure where we do not assume any implicit or explicit support from Pagaya. "The stable outlook reflects our expectation that Pagaya will operate with leverage of 3.5x-4.5x and EDITDA interest coverage above 2.0x over the next 12 months." S&P could lower its ratings on Pagaya over the next 12 months if: -- EBITDA interest coverage declines below 2.0x; -- Leverage is sustained above 5.0x; -- Liquidity deteriorates meaningfully; or -- Loan credit quality weakens, resulting in significant impairments. S&P could raise the ratings on Pagaya if it reduces impairment and earnings volatility, while leverage remains well below 4.0x on a sustained basis. PAULA J. KRUPPSTADT: Case Summary & 19 Unsecured Creditors ---------------------------------------------------------- Debtor: Paula J. Kruppstadt, M.D., P.A. Hope for Healing 121 Vision Park Blvd. Conroe, TX 77384 Business Description: Paula J. Kruppstadt, M.D., P.A., doing business as Hope for Healing, is a Shenandoah, Texas-based medical practice that provides integrative and functional medicine, pediatric care, IV therapy, health coaching and related services to children, adults and families, with a focus on autism, developmental conditions and complex chronic illnesses. Chapter 11 Petition Date: July 19, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-35203 Judge: Hon. Jeffrey P Norman Debtor's Counsel: Donald Wyatt, Esq. ATTORNEY DONALD WYATT PC PO Box 132467 Spring TX 77393-2467 Tel: (281) 419-8703 Email: don.wyatt@wyattpc.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Paula J. Kruppstadt as president. A full-text copy of the petition, which includes a list of the Debtor's 19 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KZUZG5A/PAULA_J_KRUPPSTADT_MD_PA__txsbke-26-35203__0001.0.pdf?mcid=tGE4TAMA PAULA J. KRUPPSTADT: Seeks Subchapter V Bankruptcy in Texas ----------------------------------------------------------- On July 19, 2026, Paula J. Kruppstadt, M.D., P.A. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 13, 2026 at 01:30 PM, US Trustee Houston Teleconference. About Paula J. Kruppstadt, M.D., P.A. Paula J. Kruppstadt, M.D., P.A. is a Conroe, Texas-based functional medicine and pediatric medical practice operating under the Hope for Healing brand. The practice provides integrative healthcare services, including IV therapy, ozone therapy, mold treatment, pediatric care, and wellness programs. It also produces educational content through its #get2theroot podcast and continues to operate from its Shenandoah, Texas facility. Paula J. Kruppstadt, M.D., P.A. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35203) on July 19, 2026. In its petition, the Debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The Honorable Jeffrey P. Norman handles the case. The Debtor is represented by Donald L. Wyatt, Esq., of Attorney Donald Wyatt PC. PCR AGAWAM: Withdraws Motion to Sell Agawam Property Sale --------------------------------------------------------- The PCR Agawam LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts, Western Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor wants to sell the rights, title and interests in certain real property located at 21 Dwight Street, Agawam, Massachusetts, for the purchase price of $2,250,000. The Debtor received an offer from Ahmet Gunay and Canan Gunay of 107 Normandy Road, Longmeadow, Massachusetts for the purchase price of $2,250,000.00. The Debtor requests to withdraw its Motion for an Order Authorizing Sale of the Property located at 21 Dwight Street, Agawam, Massachusetts. About PCR Agawam LLC PCR Agawam LLC is a Massachusetts-based limited liability company engaged in real estate ownership and investment activities. PCR Agawam LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30101) on February 16, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor is represented by Louis S. Robin, Esq., of Law Offices of Louis S. Robin. PERFECT CHOICE: Unsecureds to Get Share of Income for 36 Months --------------------------------------------------------------- Perfect Choice Roofing, Inc., filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization dated July 9, 2026. Peter Vargas founded the Debtor as a Florida corporation in 2017. Mr. Vargas is the Debtor's President and sole owner, and he oversees all operations, including project management, customer relations, and business development. The Debtor is a licensed and insured roofing contractor (License No. CCC1331221) headquartered in Pembroke Pines, Florida. It serves residential and commercial customers in Miami-Dade, Broward, and Palm Beach Counties, and its services include roof replacement, roof repair, and preventive maintenance. Since its founding, the Debtor has completed more than 5,000 roofing projects. On June 5, 2026, the Debtor filed the Motion to Value. The Motion to Value asks the Court to value the Debtor's personal property collateral at $309,300.00, to fix the SBA's secured claim at that amount and treat the balance as a general unsecured claim, and to determine that the Byzfunder and National Funding liens are wholly unsecured because the SBA's lien fully encumbers that collateral. The Motion to Value also asks the Court to estimate the Scheduled Lienholders' claims under section 502(c) of the Bankruptcy Code so that their allowed secured claims exclude the Debtor's $228,367.00 of equity in its 14 titled vehicles and trailers, which the Scheduled Lienholders did not perfect under Florida law. The Debtor experienced a significant slowdown caused by several factors. A general downturn in the roofing and construction industry, driven by economic uncertainty, reduced demand for the Debtor's services. A lagging residential real estate market further reduced demand for roof replacements. Tariffs increased the cost of construction materials. Personal difficulties Mr. Vargas experienced, including a divorce, also affected the business. Together, these factors reduced revenue and caused the Debtor to fall behind on its obligations. Any funds recovered by avoidance of these transfers (net of attorneys' fees and costs incurred in collection), will be paid to unsecured creditors under in addition to the Disposable Income Sum. Disposable income projections show estimated the Disposable Income Sum available to general unsecured creditors over 36 months following the Effective Date. Class 6 consists of General Unsecured Claims. Holders of Allowed Claims will receive a pro rata distribution of the Disposable Income Sum as follows: (a) $1,000 on the Effective Date; (b) $9,000 on the first anniversary of the Effective Date; (c) $25,000 on the second anniversary of the Effective Date; and (d) $25,000 on the third anniversary of the Effective Date. Additionally, any funds recovered through Avoidance Actions (less legal fees and costs incurred in pursuing such Avoidance Actions) will be distributed to creditors pro rata within 60 days of receipt by the Debtor. Class 6 is impaired and entitled to vote. Class 7 consists of Equity Interests. Peter Vargas, the holder of 100% of the equity interests of the Debtor. Mr. Vargas will retain his equity interest in the Debtor in the same proportion held as of the Petition Date. After confirmation of the Plan, and under the Confirmation Order, the Debtor may take all necessary steps, and perform all necessary acts, to consummate the terms of the Plan. In addition to the provisions set forth elsewhere in the Plan, the following shall be the means for implementation of the Plan. The payment of general unsecured claims will come from income generated by the Debtor's business operations as a roofing company. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=3T4D9J from PacerMonitor.com at no charge. Counsel to the Debtor: Michael S. Hoffman, Esq. Lessne Hoffman, PLLC 100 SE 3rd Avenue, 10th Floor Fort Lauderdale, FL 33394 Telephone: (954) 372-5759 Email: mhoffman@lessnehoffman.law About Perfect Choice Roofing Inc. Perfect Choice Roofing, Inc. is a Pembroke Pines, Florida-based roofing contractor founded in 2017. It serves residential and commercial customers in Miami-Dade, Broward and Palm Beach counties, and provides roof replacement, roof repair and preventive maintenance. Peter Vargas is the president and sole owner. Perfect Choice Roofing sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14538) on April 13, 2026. In the petition signed by Peter Vargas, vice president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Michael Hoffman, Esq., at Lessne Hoffman, PLLC represents the Debtor as counsel. PERFECT IMPRINTS: Case Summary & Four Unsecured Creditors --------------------------------------------------------- Debtor: Perfect Imprints, LLC d/b/a SEO Liftoff 913 Beal Pkwy NW Suite A153 Fort Walton Beach, FL 32547 Business Description: Perfect Imprints, LLC, doing business as SEO Liftoff, is a Fort Walton Beach, Florida-based company that provides customized promotional products, branded merchandise, printing and fulfillment services, as well as local search-engine optimization and digital-marketing services. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Northern District of Florida Case No.: 26-30746 Judge: Hon. Jerry C Oldshue Jr. Debtor's Counsel: Shiraz A. Hosein, Esq. SHIRAZ A. HOSEIN, P.A. 909 Mar Walt Drive, Suite 1014 Fort Walton Beach, FL 32547 Tel: 8508634064 Fax: 8506645728 E-mail: sahosein@asglegal.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Patrick Wilson Black as managing member. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/G5PJDTY/Perfect_Imprints_LLC__flnbke-26-30746__0001.0.pdf?mcid=tGE4TAMA PERFECT IMPRINTS: Kathleen DiSanto Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for Perfect Imprints LLC. Ms. DiSanto 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. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About Perfect Imprints LLC Perfect Imprints LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-30746) on July 16, 2026, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Jerry C. Oldshue Jr. presides over the case. Shiraz Ali Hosein, Esq. at Anchors Smith Grimsley represents the Debtor as legal counsel. PHONEIC INC: Must File Revised Chapter 11 Small Business Plan ------------------------------------------------------------- Judge Dennis Montali of the U.S. Bankruptcy Court for the Northern District of California ordered PhoneIC Inc. to file a revised Chapter 11 Subchapter V Plan addressing all discrepancies. As shared by the Troubled Company Reporter, PhoneIC Inc. filed with the U.S. Bankruptcy Court for the Northern District of California a Plan of Reorganization for Small Business dated April 24, 2026. The Debtor is a corporation. Since 2013, the Debtor has been in the business of operating a technology company that has developed an Artificial Intelligence (AI) assistant for cellular telephone calls, which among other things, takes notes, creates tasks, and schedules events for the operator. However, on August 7, 2025, a disgruntled former Board Member and in-house attorney for the Debtor (Andrew Won) commenced litigation against the Debtor, its founder (Enlai Chu), its former Chief Executive Officer (Stephan Noll), its secured lender (Scopus Ventures Fund I LP) and the managing partner of the lender fund (Bahram Nour-Omid) (collectively, the "State-Court Litigation"). Debtor strongly believes that the State-Court Litigation is non meritorious, as it was commenced almost immediately in a retaliatory manner after the Debtor refused Mr. Won's demands for issuance of an extraordinary grant of common shares. Nevertheless, given the infancy of its AI Application, the Debtor does not generate sufficient income on a monthly basis to maintain normal business operations and also retain an experienced litigation firm to defend against the State-Court Litigation and related indemnity claims of its officers and directors, and as a result, the Debtor sought relief under Title 11, Chapter 11, Sub Chapter V of the United States Code to reorganize its business affairs. The final Plan payment is expected to be paid on or before July 31, 2026, which is anticipated to be 1 month after the Effective Date. This Plan of Reorganization proposes to pay creditors of the Debtor from the sale of assets. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 2.99 cents on the dollar, consistent with the liquidation analysis in Exhibit A and projected disposable income in Exhibit B. This Plan also provides for the payment of administrative and priority claims. Class 3(A) consists of all holders of Simple Agreement for Future Equity (SAFE) Contracts. Class 3(A) is impaired by this Plan. All holders of Simple Agreement for Future Equity (SAFE) Contracts shall receive on the Effective Date a pro-rata share of a fund estimated to total $25,000.00, in addition to any overbid amount received from the sale of the Assets, which shall be shared pro-rata with all holders of Class 3(B) claims. Class 3(B) consists of non-priority unsecured claims excluding those in Class 3(A). Class 3(B) is impaired by this Plan. All allowed non priority non-disputed general unsecured claims shall receive on the Effective Date a pro-rata share of a fund totaling $25,000.00, in addition to any overbid amount received from the sale of the Assets, which shall be shared pro-rata with all holders of Class 3(A) claims. The allowed unsecured claims total $850,406.37. Class 4 consists of equity security holders of the Debtor. Class 4 is not impaired by this Plan. The holders of equity (shares) interest in the Debtor will not receive any distributions under the Plan. However, this Plan does not cancel any shares of the Debtor, all shareholders shall retain their shares, and all shareholders shall retain any and all legal, equitable, and contractual rights provided for in all agreements with the Debtor under applicable nonbankruptcy law. The Debtor shall sell the Assets to PAI, and on or before the Effective Date, PAI shall tender the Payment to the Debtor. The Payment shall be distributed as follows in the following priority: (i) full satisfaction of all administrative claims provided for in Article 3 of the Plan; (ii) full satisfaction of all Class 1 claims; (iii) full satisfaction of all Class 2 claims; (iv) appropriate reserves to fund wind-up and dissolution expenses; and (v) thereafter, a ratable dividend for all Class 3(A) (the "Class 3(A) Dividend") and Class 3(B) claims. The sale of the Assets shall be subject to overbid and auction. A full-text copy of the Plan of Reorganization dated April 24, 2026 is available at https://urlcurt.com/u?l=IeFeUL from PacerMonitor.com at no charge. At a hearing on May 29, 2026, the court expressed concerns about various matters in the Amended Chapter 11 Small Business Plan (Dated April 24, 2026) ("Amended Plan"). Won Objection On June 17, 2026, creditor Andrew Won filed his Supplemental Brief in Opposition to Confirmation of the Plan Submitted by Debtor for Reorganization as Small Business Under Chapter 11 Mr. Won complains without elaboration or cogent legal analysis, that because what the Debtor describes as the SAFE agreements (and presumably the other similar documents identified in the Supplemental Brief), they deal with nonaccrual of interest, no maturity date or any monetary payment obligations, they exceed the limited jurisdiction of the court. He adds a question of whether those agreements should be treated under the Amended Plan in a separate class as they have no effect on the Debtor's estate. The court rejects the argument. The ultimate plan the court will confirm can deal with the SAFE agreements (and similar ones) as the Debtor suggests and they certainly come within the court's jurisdiction when confirming chapter 11 plan. As for Mr. Won's argument of some future violation of California law, his concerns are pure speculation at this point. More to the point, if such conduct occurs after confirmation of a plan or the conclusion of this bankruptcy case, and Mr. Won or any other party believes that any such treatment is unlawful, the remedy will be found under state law in the state courts, not in the bankruptcy court. For these reasons, the Won Objections are overruled. Court's Concerns About Amended Plan The more troublesome issues presented by the Debtor's Supplemental Brief are what happened after the May 29 hearing and what the Debtor now argues. In that brief, the Debtor ponders, without taking a definitive position, whether or not Scopus Ventures Fund I, LP ("Scopus") is an insider, whether or not it holds a secured claim, what might happen whether or not PAI, Inc. advances $50,000 to the Debtor to fund the plan, and twice makes reference to "inadvertent" errors concerning statements made in the April 24 liquidation analysis that supported the Amended Plan. Then, on page 4 of the Supplemental Brief, Debtor sets forth a "revised liquidation analysis" that it believes is sufficient for the court to confirm the plan. But Debtor has not submitted a newly revised Plan. Even worst, the Supplemental Brief states that: "As such, Debtor circulated revised ballots to all Class 3(A) claimants, and a revised ballot summary is set forth in Exhibit C and the revised ballots received are attached hereto as Exhibit D." According to the court, the revised ballots do not include any explanation as to Class 3(A) why or how they are revised nor show what else was served. The ballots in Exhibit D specifically refer to the Amended Plan (April 24) and go on to explain to the recipients of those ballots that they should review the plan, etc. Whether this is a series of "inadvertent" errors, intentional misrepresentations, or simply sloppy lawyering, it is no way to expect the court to be comfortable confirming any plan under 11 U.S.C. Sec. 1191(a) at this time. Debtor should file and serve on all members of Class 3(A): (1) a revised plan (described specifically as "Chapter 11 Plan Small Business Subchapter V (date)") that corrects all of the discrepancies and the changes voluntarily made by the Debtor; (2) a copy of this Memorandum Decision; and (3) a letter explaining why re-solicitation is necessary and that members of that class have two weeks from the date of service to submit an amended ballot changing their vote, and that if they do not do so, their original ballots will stand as previously filed. A copy of the Court's Memorandum Decision dated July 14, 2026, is available at http://urlcurt.com/u?l=y2MDu8from PacerMonitor.com. About PhoneIC Inc. PhoneIC, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30051) on Jan. 20, 2026, listing up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Dennis Montali presides over the case. Brent D. Meyer, at Meyer Law Group, LLP, is the Debtor's bankruptcy counsel. PICO-UNION HOUSING: Seeks Cash Collateral Access Until Sept. 25 --------------------------------------------------------------- Pico-Union Housing Corporation asked the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, for another extension to use the cash collateral of its secured creditors. The Debtor was previously authorized to use cash collateral from the petition date through June 26 under the court's interim order. The Debtor needs access to these funds to cover daily operating expenses. It is currently relying on profit from partnership interests to meet post-petition obligations to fund the next 11 weeks of operations. Pico-Union maintains post-petition cash on hand of $864,414 across its debtor-in-possession accounts. Its pre-petition debts to primary secured creditors including Bank of Hope, Pacific West Mortgage Fund, PMF CA REIT, Mission Valley Bank, Nvestor Funding, and Beth El Synagogue total approximately $15,663,871. In contrast, the Debtor estimates the aggregate fair market value of the underlying real estate collateral to be $39,987,534, representing an aggregate equity cushion of roughly 61% (or $24,323,663). Additionally, Impact Mortgage Opportunities Fund holds prejudgment liens on the Debtor's assets from a writ of attachment, which the Debtor contends are junior in priority to the primary secured creditors and subject to avoidance. Under the proposed terms, the Debtor sought authority through Sept. 25 to utilize cash collateral in accordance with its detailed 13-week consolidated and property-level budgets (spanning June 21 through Sept. 19), subject to a 10% expenditure variance. The Debtor argued that the secured creditors are already protected from any post-petition diminution in value by the massive equity cushion, which is more than triple the standard established in the Ninth Circuit, and by the fact that ongoing operations preserve the going-concern value of the real estate. Nevertheless, to provide further adequate protection, the Debtor proposed granting the secured creditors perfected junior post-petition replacement liens on post-petition assets (excluding avoidance action proceeds) up to the amount of the pre-petition cash collateral, as well as making monthly payments equal to their pre-petition contract rates. A court hearing is set for August 4. A copy of the motion is available at https://urlcurt.com/u?l=Vi9HYI from PacerMonitor.com. About Pico-Union Housing Corporation Pico-Union Housing Corporation is a Los Angeles-based nonprofit housing developer and property manager that develops, preserves, and operates affordable housing for low-and very-low-income households, primarily in the Pico-Union neighborhood and other areas of the city. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12372 on March 12, 2026. In the petition signed by Gloria Farias, executive director, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Vincent P. Zurzolo oversees the case. The Debtor tapped David M. Goodrich, Esq., at Golden Goodrich LLP as counsel and Joshua R. Teeple, CPA, at Grobstein Teeple LLP as financial advisor. POLAROID CORP: Motion to Exclude Fujifilm's Experts Granted in Part ------------------------------------------------------------------- Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York granted in part and denied in part the motion of Polaroid IP B.V., PLR Brand Services, LLC, Polaroid Film B.V., and Polaroid America Corp. (collectively, "Polaroid") to exclude the experts of Fujifilm North America Corporation and Fujifilm Corporation (collectively, "Fujifilm") in the case captioned as FUJIFILM NORTH AMERICA CORPORATION, Plaintiff, - against - PLR IP HOLDINGS, LLC and PLR BRAND SERVICES, LLC, Defendants; PLR IP HOLDINGS, LLC, PLR BRAND SERVICES, LLC, POLAROID FILM B.V., and POLAROID AMERICA CORP. d/b/a POLAROID ORIGINALS, Counterclaim Plaintiffs, - against - FUJIFILM NORTH AMERICA CORPORATION and FUJIFILM CORPORATION, Counterclaim Defendants, Case No. 17-cv-08796-NRB (S.D.N.Y.). Fujifilm's motion to exclude Polaroid's experts is also granted in part and denied in part. This longstanding intellectual property dispute, commenced in 2017, concerns competing instant film products and the extent to which trademark law protects Polaroid's alleged Classic Border Logo ("CBL") trade dress. Years of motion practice, dismissals, and stipulations have narrowed the claims considerably. Polaroid allege that Fujifilm infringed and diluted Polaroid's alleged trade dress rights through the marketing and sale of Fujifilm Instax Square film. Fujifilm disputes the existence of any protectable rights, arguing, inter alia, that Polaroid abandoned its trade dress, failed to establish secondary meaning, and seeks protection for functional product features. Presently before the Court are the parties' motions to exclude expert testimony under Federal Rule of Civil Procedure 702 and Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579 (1993). Polaroid's Omnibus Daubert Motion Dr. Deborah Jay Polaroid has moved to exclude the testimony and opinions, in whole or in part, of three of Fujifilm's proffered experts: Dr. Deborah Jay; Dr. Itamar Simonson; and Mr. Jim Gandy. Fujifilm offers Dr. Jay as a survey expert who conducted two point-of-sale confusion surveys in 2018 and 2020 involving Fujifilm's Instax Square packaging. Polaroid contends that Dr. Jay's opinions and surveys are irrelevant and should be excluded because they test only point-of-sale confusion arising from Fujifilm's packaging, whereas the only remaining confusion theories concern post-sale and initial-interest confusion relating to the film itself. Polaroid further contends that Dr. Jay's surveys are unreliable on the grounds that they fail to recreate marketplace conditions and employ an improper control stimulus. Fujifilm offers Dr. Simonson as a marketing and consumer behavior expert. Polaroid seeks to exclude two categories of opinions offered by Dr. Simonson: (i) opinions concerning whether consumers purportedly use "Polaroid" as a generic term rather than The Court finds Dr. Jay's 2018 and 2020 surveys fail the Daubert "fit" requirement and are excluded as irrelevant to the remaining confusion theories. Dr. Itamar Simonson Fujifilm offers Dr. Simonson as a marketing and consumer behavior expert. Polaroid seeks to exclude two categories of opinions offered by Dr. Simonson: (i) opinions concerning whether consumers purportedly use "Polaroid" as a generic term rather than source-identifying trademark; and (ii) his rebuttal survey concerning secondary meaning. Polaroid argues that Dr. Simonson's genericness opinions should be excluded because he lacks the qualifications and methodology necessary to opine on whether consumers use "Polaroid" generically rather than a source-identifying trademark. Apart from citing a pamphlet from the International Trademark Association, Dr. Simonson's report identifies no established methodology supporting the proposition that noun usage or pluralization alone reliably distinguishes generic usage from source-identifying trademark usage. Without a framework explaining why the cited usage patterns reliably support the conclusions offered, together with the handful of counsel-picked examples that Dr. Simonson examines, the Court cannot conclude that the methodology employed is sufficiently reliable to connect the cited examples to the conclusion that consumers generically use the term "Polaroid." Accordingly, Dr. Simonson's genericness opinions are excluded. Mr. Jim Gandy Fujifilm offers Mr. Gandy as a rebuttal expert in USPTO design patent examination and procedures. Fujifilm specifically offers Mr. Gandy to rebut the testimony of Mr. Carani, Polaroid's design patent expert. Polaroid's challenge to Mr. Gandy is narrow, contending that seven paragraphs in his report constitute improper speculation concerning what individual patent examiners considered, intended, understood, or relied upon during examination of Fujifilm's design patents. Fujifilm's Omnibus Daubert Motion Fujifilm moves to exclude the testimony and opinions, in whole or in part, of five of Polaroid's proffered experts. Mr. Christopher V. Carani, Esq. Polaroid offers Mr. Christopher V. Carani, Esq. as a design patent expert to offer testimony about design patent examination practice and procedures before the USPTO. Fujifilm contends that Mr. Carani's testimony should be excluded on grounds that: (i) his testimony concerning patent examination procedures is irrelevant; (ii) he offers improper legal conclusions; (iii) he offers speculative testimony regarding inventors' beliefs and examiner reasoning; (iv) he offers unsupported opinions concerning foreign design registrations; and (v) his testimony regarding alternative designs is unreliable. The Court declines Fujifilm's invitation to exclude Mr. Carani's testimony in full. The Court excludes Mr. Carani's opinion that the existence of multiple patented designs demonstrates ornamentality or non-functionality. Mr. Carani remains free to testify about the significance of the patents themselves, prosecution history, and design-patent procedures. Mr. Hal Poret Polaroid offers Mr. Poret as a survey expert who conducted two secondary meaning surveys: (i) a 2017 survey of two-dimensional representations of the CBL (the "2017 Survey"); and (ii) a 2023 survey of three-dimensional representation of the CBL in the form of Polaroid's analog instant film (the "2023 Survey"). Fujifilm argues that certain portions of Mr. Poret's testimony should be excluded because either or both surveys are irrelevant, produced weak results, were conducted too late to meaningfully assess consumer perception during the relevant time period, or only tested two-dimensional line drawings. The Court finds Fujifilm's motion is denied with respect to the 2017 Survey. Dr. Bruce Kahn Polaroid offers Dr. Kahn as a trade-dress functionality expert. In his reports, Dr. Kahn opines on the existence of alternative instant film designs to the CBL, specifically identifying Kodak Trimprint, Polaroid Pad, and microcapsule technologies. Fujifilm contends that portions of Dr. Kahn's reports should be excluded because (i) his opening report improperly offers a 23-paragraph historical narration of Polaroid's history, and (ii) his reports contain unsupported alternative-design options and provide insufficient detail concerning the feasibility and implementation of such alternatives. The Court finds Fujifilm's motion is granted with respect to paragraphs 26-48 and exhibits 5-38 of Dr. Kahn's opening report. Mr. John Plumpe Polaroid offers Mr. Plumpe as a damages expert. At the outset, several of Fujifilm's challenges to Mr. Plumpe do not meaningfully concern admissibility under Rule 702 but instead raise disclosure and scope issues under Federal Rule of Civil Procedure 26(a)(2)(B). Fujifilm argues that Mr. Plumpe should be precluded from testifying about certain topics at trial because those topics do not appear in his expert report. According to the Court, Fujifilm's motion is denied to the extent it seeks advance rulings precluding testimony concerning secondary meaning and alleged confusion and the specific provision contained in certain Polaroid licensing agreements. Fujifilm separately argues that Mr. Plumpe should be precluded from testifying concerning certain license agreements because they are not economically or technically comparable and therefore cannot reliably inform the royalty analysis in this case. The Court finds Fujifilm's motion to exclude Mr. Plumpe's opinions concerning the challenged license agreements and royalty treatise is denied. Dr. David Neal Dr. Neal primarily served as a rebuttal expert for Polaroid, responding to and critiquing the survey opinions of Dr. Jay. Specifically, Dr. Neal explained that Instax Mini packaging may create source confusion with Polaroid products, making it difficult to determine whether survey respondents were reacting to the challenged trade dress or to confusion generated by the control stimulus itself. The present dispute arose after Polaroid filed its opening Daubert motion and submitted a declaration from Dr. Neal attaching social media posts that Polaroid contends reflect consumer confusion involving Instax Mini film. Under the circumstances in this case, the Court concludes there is no reason to grant Fujifilm's motion with respect to Dr. Neal's declaration. A copy of the Court's Memorandum and Order dated July 7, 2026, is available at https://urlcurt.com/u?l=T8w9nI from Pacermonitor.com. About Polaroid Corp. Polaroid Corporation -- http://www.polaroid.com/-- makes and sells films, cameras, and other imaging products. Polaroid filed for chapter 11 protection on Oct. 12, 2001 (Bankr. D. Del. Case No. 01-10864) and again on Dec. 18, 2008 (Bankr. D. Minn. Case No. 08-46617). PLR Acquisition LLC, a joint venture composed of Hilco Consumer Capital L.P. and Gordon Brothers Brands LLC, acquired most of Polaroid's assets -- including the Polaroid brand and trademarks -- in May 2009. They paid $87.6 million for the brand. Debtor Polaroid Corp. was renamed to PBE Corp. following the sale. The case was converted to Chapter 7 on Aug. 31, 2009, and John R. Stoebner serves as the Chapter 7 Trustee. The jointly administered Chapter 7 bankruptcy estates are Polaroid Corp., Polaroid Holding Company, Polaroid Consumer Electronics, LLC, Polaroid Capital, LLC, Polaroid Latin America I Corporation, Polaroid Asia Pacific LLC, Polaroid International Holding LLC, Polaroid New Bedford Real Estate, LLC, Polaroid Norwood Real Estate, LLC, and Polaroid Waltham Real Estate, LLC. PROOFPOINT INC: S&P Upgrades ICR to 'B' on Expected Deleveraging ---------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on U.S.-based Proofpoint Inc. to 'B' from 'B-'. S&P said, "At the same time, we assigned our 'B' issue-level rating and '3' recovery rating to the company's new $5.04 billion first-lien term loan due August 2030. "We also revised our rating on its non-extended RCF due June 2028 to 'B' issue-level and '3' recovery rating. "The stable outlook reflects our expectation that Proofpoint will increase its revenue by 20% and modestly expand its EBITDA margin this year, leading to sustained leverage of below 8x." Proofpoint has been improving its credit metrics on continued strong demand for its cybersecurity solutions, supported by its above-average EBITDA margins. S&P Global Ratings believes these factors, along with management's improved financial policy, will likely enable the company to deleverage below the 8x area by year-end 2026. Proofpoint will strongly increase its revenue this year and next. S&P anticipates the company will expand its revenue by nearly 20% in fiscal 2026 and low to mid-teens percent area in 2027. Proofpoint, which benefits from a largely recurring revenue model (nearly 100% recurring) and strong net retention rates for its products (consistently above 105% over the past few years), improved its annual recurring revenue (ARR) by almost 20% in the first quarter of 2026, supported by continued strong demand for its email security, governance, and other software products. In addition, the company acquired Hornetsecurity in December 2025. The acquisition provided Proofpoint with over 125,000 customers and increased its penetration in the small- and mid-size business segment. Furthermore, S&P believes the company can replicate Hornetsecurity's success in Europe by establishing a network of managed service provider customers in the U.S. Strong top-line growth and above-average EBITDA margins will support deleveraging. Proofpoint has expanded its EBITDA margins by more than 10% over the past few years. S&P said, "Supported by its acquisition of Hornetsecurity, we expect the company will maintain S&P Global Ratings-adjusted EBITDA margins in the 31%-34% range in 2026. Proofpoint has been successful at integrating acquisitions in the past and we anticipate its integration of Hornetsecurity continues to proceed smoothly." S&P said, "With strong top-line growth and improving margins, we project the company will deleverage to the mid-7x area by year-end 2026. Furthermore, Proofpoint has completed the final restricted stock unit payments related to its February 2025 leveraged buyout, which will benefit its free operating cash flow (FOCF) generation this year. Therefore, we anticipate the company's FOCF to debt will approach 4% by the end of this year. "While leverage will remain high under sponsor ownership, we forecast incremental improvement. Proofpoint is owned by financial-sponsor Thoma Bravo and we expect its leverage will remain high due to its sponsor ownership. However, the company has demonstrated a good growth story and may be a candidate for an IPO over the next few years, given that Thoma Bravo has already been invested in the business for more than five years. Therefore, we do not expect Proofpoint will undertake another debt-financed dividend. While we cannot fully rule out another large debt-financed acquisition, we do not incorporate any such transactions in our base-case forecast given the uncertainty around their timing and size. That said, Hornetsecurity was a sizeable acquisition target, thus we assume management would not undertake another sizeable acquisition in the immediate term. "The stable outlook reflects our expectation that Proofpoint will increase its revenue by 20% and modestly expand its EBITDA margin this year, leading to sustained leverage of below 8x. "We could lower our rating on Proofpoint if it pursues a debt-financed acquisition or issues a debt-financed dividend that causes its leverage to rise above 8x or its FOCF to debt to fall below 3%." S&P could raise its rating on Proofpoint if it continues to increase its revenue and improve its profitability such that it achieves: -- S&P Global Ratings-adjusted leverage of below 6x; and -- FOCF to debt in the high-single digit percent range. S&P would also need to believe the company can sustain its capital structure with lower leverage while pursuing its acquisition and shareholder-return objectives before raising the rating. PROPERTY ADVOCATES: Litigation Agent Taps Yip Assoc. as Accountant ------------------------------------------------------------------ Michael Goldberg, the litigation agent in the Chapter 11 case of The Property Advocates, PA, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Yip Associates as accountant. The firm's services include: (a) review all financial information prepared by the Liquidating Debtor; (b) review and analyze the organizational structure of any entity of the Liquidating Debtor, its principals, affiliates, and insiders; (c) review and analyze transfers to and from the Liquidating Debtor to third parties, both pre-petition and post-petition; (d) attend meetings with the Liquidating Debtor, creditors, insiders, and associates of such parties, and with federal, state, and local tax authorities, if requested; (e) review the books and records of the Liquidating Debtor for potential preference payments, fraudulent transfers, or any other matters that the Litigation Agent may request, including an analysis of insolvency; and (f) render any such other assistance in the nature of accounting, financial consulting, or other financial projects as the Litigation Agent may deem necessary; and (g) prepare the estate tax returns. The firm will be paid at these hourly rates: Partners $550 - $695 Directors $425 - $500 Senior Managers $400 Managers $365 - $375 Senior Associates & Associates $245 - $295 Paraprofessionals $195 In addition, the firm will seek reimbursement for expenses incurred. Hal Levenberg, CIRA, CFE, a partner at Yip Associates, 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: Hal A. Levenberg, CIRA, CFE Yip Associates 197 S. Federal Hwy., Suite 200 Boca Raton, FL 33432 Telephone: (305) 787-3753 Facsimile: (888) 632-2672 Email: hlevenberg@yipca.com About The Property Advocates The Property Advocates, PA is a law firm specializing in Florida first-party property insurance issues. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-16797) on Aug. 25, 2023. In the petition signed by Hunter Patterson, president, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Robert A. Mark oversees the case. Paul N. Mascia, Esq., at Nardella & Nardella, PLLC, is the Debtor's legal counsel. PUERTO RICO: Monserrate-Torres Loses Bid for Automatic Stay Relief ------------------------------------------------------------------ Judge Laura Taylor Swain of the U.S. District Court for the District of Puerto Rico denied the motion for relief from automatic stay filed by Gelabel Monserrate-Torres in the bankruptcy case of Commonwealth of Puerto Rico; Puerto Rico Electric Power Authority (PREPA). Movant is the plaintiff in an action captioned Gelabel Monserrate-Torres v. Guardia Nacional de Puerto Rico, et al., Civil No. SJ2020CV01624 (the "Action") that was commenced in the Puerto Rico Court of First Instance, Superior Court of San Juan (the "Commonwealth Court") on February 21, 2020, and asserts claims against the Commonwealth; the National Guard of Puerto Rico, an agency of the Commonwealth; individuals Jose Juan Reyes, Isabelo Rivera Negron, and Magali Ramos Algarín; and the marital property between Mr. Rivera Negron and Ms. Ramos Algarin. On April 18, 2022, the Commonwealth Court entered partial judgment in the Action, dismissing all claims, including personal capacity claims, asserted against Mr. Rivera Negron, Ms. Ramos Algarin, and the marital property formed between them. As a result of the Partial Judgment, no claims against any individual defendant in his or her personal capacity are presently pending in the Action. By the Motion, Movant seeks entry of an order lifting the automatic stay pursuant to section 362(d)(1) of the Bankruptcy Code to permit the Action to proceed before the Commonwealth Court. The Action asserts claims for retaliatory dismissal, alleged to have taken place in June 2018, in violation of Puerto Rico's Anti-Retaliation Act, Act No. 115-1991, 29 L.P.R.A. SEc. 194 et seq., and the Anti-Corruption Code for the New Puerto Rico, Act No. 2-2018, 3 L.P.R.A. Sec. 1881 et seq., arising from Movant's reporting of corruption within the National Guard. The Court finds that, although the automatic stay imposed by section 362 of the Bankruptcy Code in connection with the Commonwealth's Title III case has expired, no relief of any kind permitting pursuit of the Action against the Commonwealth is warranted. Movant did not file an administrative expense proof of claim in the Commonwealth's Title III case, which Movant does not dispute, despite having received notice of the relevant deadline to do so. Movant is subject to a permanent injunction (the "Discharge Injunction") barring further litigation against the Commonwealth on account of the claims asserted in the Action and has not established cause to justify modifying the Discharge Injunction to permit the Action to proceed. Accordingly, the Court denies the Motion. A copy of the Court's Memorandum Order dated July 13, 2026, is available at https://urlcurt.com/u?l=cw0kbe from Pacermonitor.com. About the Commonwealth of Puerto Rico; Puerto Rico Electric Power Authority (PREPA) PREPA is a self-governing commonwealth in association with the United States. The chief of state is the President of the United States of America. The head of government is an elected Governor. There are two legislative chambers: the House of Representatives, 51 seats, and the Senate, 27 seats. The governor-elect is Ricardo Antonio Rossello Nevares, the son of former governor Pedro Rossello. In 2016, the U.S. Congress passed PROMESA, which, among other things, created the Financial Oversight and Management Board and imposed an automatic stay on creditor lawsuits against the government, which expired May 1, 2017. The members of the oversight board are: (i) Andrew G. Biggs, (ii) Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J. Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii) David A. Skeel Jr. On May 3, 2017, the Commonwealth of Puerto Rico filed a petition for relief under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The case is pending in the United States District Court for the District of Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico PROMESA petition is available at http://bankrupt.com/misc/1701578-00001.pdf On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation (COFINA) commenced a case under Title III of PROMESA (D.P.R. Case No. 17-01599). Joint administration has been sought for the Title III cases. On May 21, 2017, two more agencies; Employees Retirement System of the Government of the Commonwealth of Puerto Rico and Puerto Rico Highways and Transportation Authority (Case Nos. 17-01685 and 17-01686) commenced Title III cases. U.S. Chief Justice John Roberts named U.S. District Judge Laura Taylor Swain to preside over the Title III cases. The Oversight Board has hired as advisors, Proskauer Rose LLP and Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic consultant, Citigroup Global Markets as municipal investment banker, and Ernst & Young, as financial advisor. Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M. Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq., at O'Neill & Borges LLC are onboard as attorneys. Prime Clerk LLC is the claims and noticing agent. Prime Clerk maintains the case Web site https://cases.primeclerk.com/puertorico Jones Day is serving as counsel to certain ERS bondholders. Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General Obligation Bondholders. PURDUE PHARMA: Court Approves $1B+ Bankruptcy Fees -------------------------------------------------- Alex Wolf of Bloomberg Law reports that the bankruptcy attorneys and advisers overseeing Purdue Pharma LP's Chapter 11 case secured approval for their final compensation requests, pushing professional fees in the six-year opioid bankruptcy to about $1.1 billion. Leading the payouts was Davis Polk & Wardwell LLP, Purdue's primary bankruptcy law firm, which collected roughly $311.3 million for its work guiding the company through the complex restructuring proceedings, the report cites More than 30 firms received payments from the estate, including Akin Gump Strauss Hauer & Feld LLP, which acted as counsel for Purdue’s unsecured creditors committee and became one of the largest beneficiaries of the case, according to Bloomberg. The massive professional fee tab highlights the complexity and duration of Purdue's bankruptcy, which involved litigation with thousands of opioid claimants, negotiations with states and municipalities, and a multibillion-dollar settlement framework aimed at addressing the impact of the opioid crisis, the report states. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries -- http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and related disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the re-imagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals, and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. QUEST IDENTITY: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR ------------------------------------------------------------------ S&P Global Ratings revised its outlook on Quest Identity Intermediate Ltd. to negative from stable and affirmed the 'CCC+' issuer credit rating. The negative outlook reflects the company's significant ongoing cash flow deficits and the limited visibility around when its will materially improve its operating performance. That said, S&P believes Quest has sufficient liquidity to avoid a default of the next 12 months given its lack of near-term maturities. S&P Global Ratings anticipates Quest Identity Intermediate Ltd.'s credit metrics will remain weak and its liquidity cushion will diminish as it generates continued free operating cash flow (FOCF) deficits while undergoing a comprehensive operational transformation amid an elevated interest rate environment and increasingly competitive market landscape. The immediate financial impact of the company's transformation will include significant one-time expenses and working capital headwinds, which will compress its near-term EBITDA margins and erode its liquidity cushion. Quest's operating performance will remain subdued, given the limited visibility around a potential operational improvement, persistent margin pressures, and execution challenges amid its business transition. After experiencing a 3.0% revenue decline in fiscal 2026 (ended Jan. 31, 2026), due to legacy non-recurring revenue headwinds, the company appears to have somewhat stabilized its performance in the first quarter of fiscal 2027, including by increasing its revenue by 2.6% on a strengthening recurring revenue base (annual recurring revenue [ARR] rose by 3.4% year over year). Quest's net dollar retention rate fell modestly, representing its fifth consecutive quarterly decline, due to weaker customer expansion and upselling. However, the company slightly improved its gross retention rate during the quarter, largely in line with its historical average, indicating a sticky client base with manageable churn. S&P said, "While we expect Quest to increase its revenue by the low-single-digit percent range, supported by rising identity security sales, regulatory-driven governance demand, and Microsoft migration projects, we believe these drivers will be insufficient to accelerate its growth over the near term, given the execution risks its faces amid an increasingly competitive market landscape." Furthermore, Quest's strategic decision to split into two dedicated businesses--a relatively lower growth "Core Quest" IT management arm and a higher-growth "One Identity" security arm--will require incremental investment in new teams and product development, as well as significant one-time separation, legal, and consulting costs. S&P said, "Consequently, we project the company's S&P Global Ratings-adjusted EBITDA margins will remain in the 33%-34% range in fiscal 2027 as its ongoing cost optimization offsets the transformation and separation costs. We expect Quest will improve its margins toward the 36%-37% range in fiscal 2028 as it benefits from the roll-off of certain one-time costs." S&P said, "We believe liquidity remains a critical concern, given the company's significant cash burn and elevated debt servicing expenses, which continue to weigh on the sustainability of its existing capital structure. Although Quest's distressed debt restructuring offered some relief in materially reducing its cash interest expense by providing a paid-in-kind (PIK) option on some of its debt, we forecast its interest expense will remain approximately $250 million in fiscal 2027. We expect the company will report another substantial FOCF deficit of more than $100 million in fiscal 2027, primarily due to its significant one-time expenses and working capital headwinds stemming from its restructuring activities. In addition, Quest's transition annual contract value (ACV) sales motion, from a total contract value approach previously, will materially affect its cash flow generation by depleting its deferred revenue balance over the medium term. The company's lack of organic cash generation compels it to rely on its $383 million revolving credit facility ($123 million outstanding as of April 30, 2026) to fund its operational and debt servicing needs. "Although we believe Quest's total remaining liquidity of about $320 million will likely provide it with a sufficient cushion for the next 12 months, we have very limited visibility into--and low confidence around--its eventual turnaround and ability to generate material positive FOCF beyond fiscal 2027. Given our projection its leverage will remain high in the 12x-13x range over the next 12-24 months, we believe the approaching maturity of the company's revolver in November 2028 will serve as a potential catalyst for further distressed transactions or a liquidity event, particularly if it is unable to improve its operating performance or limit its FOCF deficits. Given the high execution risks associated with Quest's renewed product strategy and go-to-market transformations, we have low confidence that it will generate sustainable positive FOCF in the near term. Consequently, any further deterioration in the company's operating performance or FOCF generation would likely trigger a negative rating action, given that its ability to meet its debt service and operational obligations is increasingly dependent on its diminishing revolver availability." In addition, while the current below-market cash interest burden (due to PIK option) on Quest's debt has provided it with a temporary cushion against its cash flow deficits, it could face difficulty in refinancing at favorable terms as it approaches its first maturity wall in early 2028 given its high leverage. S&P said, "The negative outlook reflects our view that Quest will face another year of FOCF deficits due to the significant one-time costs related to its operational transformation. While these transformation actions will take time to prove their effectiveness, we are not confident the company will be able to organically generate sufficient FOCF to support a sustainable capital structure over the next 24 months. We expect Quest's continued cash burn over the next 12 months will further pressure its diminishing liquidity." S&P could lower its rating on Quest if S&P believes it faces material risk of undertaking a distressed transaction or experiencing a liquidity shortfall within 12 months. This could occur if: -- The company fails to increase its revenue and expand its EBITDA margins due to execution missteps, disruptions stemming from its operational transformation, or increasing market competition, or -- Its liquidity deteriorates faster than expected due to substantial cash deficits. While unlikely over the next 12 months, S&P could take positive rating action on Quest if: -- It generates positive FOCF on a sustained basis via consistent revenue growth and EBITDA expansion such that it sustains an all cash, market-rate debt structure and adequate liquidity; or -- The company reduces its leverage and debt servicing burden via debt repayment using the proceeds from asset monetization. QVC GROUP: Court Confirms Second Amended Chapter 11 Plan -------------------------------------------------------- Judge Alfredo R. Perez of the U.S. Bankruptcy Court for the Southern District of Texas approved the Disclosure Statement and confirmed the Second Amended Plan of QVC Group, Inc. The Court overruled all objections. The plan is premised on a restructuring support agreement which contains a comprehensive intercompany settlement. The Debtors have a complicated corporate history. Over the last few years, they engaged in, among other things, several intercompany transactions which potentially precipitated various intercompany claims between themselves. The Debtors appointed disinterested fiduciaries to investigate these claims and, if appropriate, to negotiate on behalf of their respective stakeholders, an intercompany settlement. The settlement these disinterested fiduciaries ultimately achieved seeks to resolve all claims in order to achieve a global resolution, preserving -- if not maximizing -- value for the Debtors' estates, setting up the company for a successful reorganization, paying all third-party general unsecured claims in full, and putting the go-forward operating entity on the path towards long term success. The Debtors ask the Court to approve this settlement and confirm the plan over the objection of a vocal minority of equity holders who feel the process of negotiating the settlement was unfair, it subjects them to disfavorable terms in exchange for little, if any, benefit, and that the plan violates manifold provisions of the Bankruptcy Code. The facts of this case, however, paint a different picture. After a review of the evidence, the Court concludes all facts demonstrate the negotiations were, in reality, a thorough, fair, and arm's-length process. No disinterested fiduciaries capitulated to any other, and the ultimate outcome for stakeholders was not preordained. The equity holders' treatment under the settlement is a result of the range and magnitude of potential claims the parent-Debtor entity they hold interests in was facing from its subsidiaries and other sources -- as well as their own liability. However, a fulsome review of the settlement reveals that the equity holders received valuable releases of claims from the Debtor entities for distributions out of the Debtors' assets totaling more than $450 million. The Court concludes the proposed intercompany settlement meets the requirements of the Bankruptcy Code. With the settlement approved, the remaining confirmation requirements are also satisfied. A copy of the Court's Memorandum Decision dated July 15, 2026, is available at http://urlcurt.com/u?l=hT2qSlfrom Pacermonitor.com. About QVC Group Inc. QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies that are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group and several affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. The Hon. Bankruptcy Judge Alfredo R. Perez handles the jointly administered cases. The Debtors employed Kirkland & Ellis LLP and Kirkland & Ellis International LLP as co-counsel; Gray Reed, as co-counsel; AlixPartners, LLP, as financial advisor; Evercore Group L.L.C., as investment banker; Kroll Restructuring Administration LLC, as claims and noticing agent; and PricewaterhouseCoopers LLP, as tax advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to QVC Group and QVC, Inc. Kobre & Kim LLP, serves as legal counsel to QVC Group, Inc. under the direction of the Special Committee; Seward & Kissel LLP, as legal counsel to QRI Cornerstone, Inc. under the direction of the Special Committee; Milbank LLP, as legal counsel to Liberty Interactive LLC, under the direction of the disinterested directors, and as legal counsel to Qurate Retail Group, Inc., under the direction of the Special Committee; and Katten Muchin Rosenman LLP, as legal counsel to QVC, Inc., under the direction of the disinterested directors. The Bank of New York Mellon Trust Company, N.A., as trustee under the LINTA Notes Indenture, is represented by Reed Smith LLP, as counsel. The LINTA Noteholder Group is represented by Akin Gump Strauss Hauer & Feld LLP. The QVC Noteholder Group is represented by Davis Polk & Wardwell LLP. The RCF Lender Group, led by JPMorgan Chase Bank, N.A., as administrative agent, is represented by Simpson Thacher & Bartlett LLP. An ad hoc group of beneficial holders to QVC Group, Inc. is represented by Brown Rudnick LLP as counsel. Glenn Agre Bergman & Fuentes LLP, Cleary Gottlieb Steen & Hamilton LLP, and Kane Russell Coleman Logan PC represent certain beneficial holders of the 8.0% Series A Cumulative Redeemable Preferred Stock issued by QVC Group, Inc. RB MARKETPLACE: To Sell Cooper Vehicle to Clarimar Rodriguez Baez ----------------------------------------------------------------- RB Marketplace Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the registered owner of the following property of the 2023 Mini 22MI Cooper with a value of $16,700. The property is registered in favor of Debtor at the Department of Public Transportation of Puerto Rico. The motor vehicle is encumbered with a first ranking lien in favor of BMW Financial Services NA, LLC. The Debtor represents that he has received and accepted an offer for the purchase of the property from Ms. Clarimar Rodríguez Baez for the purchase price of $25,500.00. All risks are passed on to Buyer who will pay lienholder BMW directly and will pay Debtor the balance of the proceeds of the sale upon entry of order approving the sale. The Buyer is the daughter of the principal of Debtor-In-Possession, Claribel Baez. However, funds for the payment of the vehicle are personal and have not been obtained from the Debtor. The Debtor believes that the sale of the vehicle is beneficial to the bankruptcy estate, as it will be completed upon entry of order approving the motion and will allow the Debtor to receive full payment for the equity of the vehicle in the amount of $3,152.28. Included with this motion is appraisal with the actual value and condition of the motor vehicle subject to sale made by professional motor vehicle appraiser Salvador Lopez Cardec which shows that the value of the vehicle given its condition is between $17,718.00 and $21,825.00. Therefore, the price paid by Buyer is actually more than the actual value of the motor vehicle and is beneficial to the estate. About RB Marketplace Inc. RB Marketplace Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 26-00982) on March 6, 2026. At the time of the filing, the Debtor disclosed up to $10,000,001 to $50 million in assets and $1,000,001 to $10 million in liabilities. Noemi Landrau Rivera, Esq., at Landrau Rivera & Assoc. is Debtor's counsel. REGENERATIVE MEDICAL: Raises Going Concern Amid Liquidity Strain ---------------------------------------------------------------- Regenerative Medical Technology Group Inc. disclosed in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission, that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. The Company recorded a net loss of $876,274 for the three months ended March 31, 2026, as compared with a net loss of $760,039 for the same period in 2025. Revenue increased 93.45% to $1,275,012 for the three months ended March 31, 2026, compared with the same period in 2025. Liquidity and Capital Resources Since inception, the Company has financed its operations through private placements, convertible notes, and unsecured and secured debt. As of March 31, 2026, the Company had cash of $1,061,448 and a working capital deficit of $36,639,004. Management stated that, based on the current financial condition, the Company does not have sufficient cash to operate its business at the current level for the next twelve months. The Company intends to fund operations through increased sales and debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. Management plans to seek additional financing in a private equity offering to secure funding for operations, but stated that there can be no assurance that it will be successful in raising additional funding or that such financing will be available on acceptable terms, if at all. Operating Activities Net cash provided by operating activities was $102,124 for the three months ended March 31, 2026. The cash provided by operations consisted primarily of a net change in operating assets and liabilities of $1,235,300, offset by non-cash items of $256,901 and a net loss of $876,274. Non-cash items for the 2026 quarter included: * depreciation and amortization expense of $729,897; * amortization of debt discount of $97,694; and * a $1,084,492 change in the fair value of derivative liabilities. For the three months ended March 31, 2025, net cash provided by operating activities was $57,109. Investing Activities Net cash used in investing activities was $315,394 for the three months ended March 31, 2026, consisting of purchases of property and equipment associated with the Company's Cancun facility. The Company reported no investing activity for the comparable period in 2025. Financing Activities Net cash provided by financing activities was $318,000 for the three months ended March 31, 2026. The financing consisted of promissory debentures issued to a lender in the amount of $350,000, net of a $32,000 discount. The Company reported no financing activities for the three months ended March 31, 2025. Defaulted Notes and Debt Restructuring The Company disclosed that it has issued debt secured by substantially all of its assets and expects to continue to experience high interest payments as a result of outstanding liabilities. As of the filing date, unsecured promissory notes with an aggregate principal amount of $1,157,935 had matured and were in default, although the Company stated that it had received no notice of default, demand for payment, or acceleration from any lender. The Company also stated that it has insufficient cash on hand to repay these notes. Management disclosed that the Company is currently engaged in debt restructuring talks and that other lenders have expressed interest in assuming the debt. The filing stated that, if the Company is unable to generate sufficient revenues and/or obtain additional financing to service the debt, lenders could demand payment and enforce their rights against collateral securing applicable secured notes. Management stated that, while it believes the risk of acceleration is low based on historical lender forbearance, a formal demand on any defaulted note could trigger acceleration of up to $16.6 million in secured debt. Going Concern Warning The financial statements were prepared assuming the Company will continue as a going concern. As of March 31, 2026, the Company had: * an accumulated deficit of approximately $76.24 million; * a working capital deficit of approximately $36.64 million; and * anticipated future operating losses. Management stated that these factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue operations is dependent on management's plans to raise capital through debt and/or equity markets and other financing sources until funds generated by operations are sufficient to meet working capital requirements. The Company stated that additional funding will be required to finance the growth of its current and expected future operations and to achieve strategic objectives, and that there can be no assurance that financing will be available in amounts or on terms acceptable to the Company. The accompanying financial statements do not include any adjustments relating to the recoverability of recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/5xp3w2rk About Regenerative Medical Technologies Group, Inc. Regenerative Medical Technologies Group, Inc. is a regenerative medicine company offering diverse products and services through its wholly owned subsidiary, Global Stem Cells Group. The Company operates a global network of clinics carrying its banner across more than 30 countries, distributes stem cells and other regenerative cell lines and equipment internationally, and specializes in the education and training of physicians in regenerative medicine through its ISSCA division. As of March 31, 2026, the Company had $5,009,582 in total assets, $40,630,891 in total liabilities, and $35,621,309 in total stockholders' deficit. RIA R SQUARED: Case Summary & 15 Unsecured Creditors ---------------------------------------------------- Debtor: Ria R Squared, Inc. 3001 SW 3rd Avenue Miami, FL 33129 Business Description: Ria R Squared Inc. is a Miami-based asset management and private investment firm that manages investment portfolios and participates in securities-lending, private credit and real estate-backed financing transactions. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-19251 Judge: Hon. Corali Lopez-Castro Debtor's Counsel: Brett Lieberman, Esq. EDELBOIM LIEBERMAN PLLC 2875 NE 191st Street, Penthouse One Miami, FL 33180 Tel: 305-768-9909 E-mail: brett@elrolaw.com Total Assets: $679,358,613 Total Liabilities: $199,136,072 The petition was signed by M.K. David Kang as president and CEO. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ANS3TKA/Ria_R_Squared_Inc__flsbke-26-19251__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 15 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. American Express Business Operations $10,141 4315 South 2700 West Salt Lake City, UT 84184 2. Emilio Tomas Gonzalez Salary $240,000 228 SW 30th Road Miami, FL 33129 3. Epiq eDiscovery Solutions, Inc. Services $106,226 777 3rd Avenue, 12th Floor New York, NY 10017 4. Integrated Solutions Services $60,000 7000 W Palmetto Park Rd., Suite 503 Boca Raton, FL 33433 5. Internal Revenue Service $2,803,727 POB 21126 Philadelphia, PA 19114 6. JP Morgan Chase Bank, N.A. Business Operations $19,658 POB 14231111 Polaris Parkway Columbus, OH 43240 7. Latham & Watkins LLP Services $27,048 355 South Grand Avenue, Suite 100 Los Angeles, CA 90071 8. M.K. David Kang Salary $2,460,000 5757 Valley Oak Dr Los Angeles, CA 90068 Contact: M.K. David Kang 9. Michael Leung $5,000,000 228 SW 30th Rd Miami, FL 33129 Contact: Michael Leung 10. New York Dept of Taxation and Finance $339,779 Bankruptcy Section P.O. Box 5300 Albany, NY 12205 11. NYC Department of Finance $253,085 Correspondence Unit 66 John Street, 13th Floor New York, NY 10038 12. Sakiko Shida Services $250,000 3701 Overland Ave C-230 Los Angeles, CA 90034 13. Shinhan Securities Co., Ltd. Contract $185,000,000 70 Yeouidae-ro, Yeongdeungpo-gu Termination Seoul 07325, South Korea 14. Tim Torline Services $500,000 1500 10th St Manhattan Beach, CA 90266 15. Winston & Strawn LLP Services $598,288 300 N. LaSalle Dr., Suite 4400 Chicago, IL 60654 RIA R SQUARED: Seeks Chapter 11 Bankruptcy in Florida ----------------------------------------------------- On July 15, 2026, Ria R Squared, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports approximately $199.1 million in liabilities. The filing also indicates that funds will be available for distribution to unsecured creditors. A meeting of creditors under Section 341(a) to be Held on August 24, 2026 at 12:00 PM by TELEPHONE. About Ria R Squared, Inc. Ria R Squared, Inc. is a Miami, Florida-based investment and private portfolio management firm. The company manages investment assets and private portfolios, providing financial and wealth management services to its clients. Ria R Squared, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19251) on July 15, 2026. In its petition, the Debtor reported estimated assets of approximately $679.4 million and estimated liabilities of approximately $199.1 million. The Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtor is represented by Brett D. Lieberman, Esq. of Edelboim Lieberman PLLC. RIDGE BEST: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Ridge Best Living, LLC 1412 Main St., Ste 500 Dallas, TX 75202 Business Description: Ridge Best Living, LLC is a single-asset real estate company whose primary asset is located at 3834 N. Oak Grove Drive in Midwest City, Oklahoma. Chapter 11 Petition Date: July 15, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-33177 Judge: Hon. Stacey G Jernigan Debtor's Counsel: Joyce Lindauer, Esq. LINDAUER & VAUGHN 117 S. Dallas St. Ennis TX 75119 Tel: (972) 503-4033 E-mail: joyce@joycelindauer.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Marc Kulick as authorized signer. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/I4U23OI/Ridge_Best_Living_LLC__txnbke-26-33177__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4EXWVBA/Ridge_Best_Living_LLC__txnbke-26-33177__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. SG Capital $14,988,578 Shelter Growth Master Commercial Real Estate Credit Fund A IV LP 750 Washinton Blvd Stamford, CT Suite 1050 6901 2. YSA Investments 1, LLC $4,471,421 8 The Green #23817 Dover, DE 19901 3. REFIT Services, LLC $86,118 2220 N Classen Blvd Oklahoma City, OK 73106 4. Maintenance Supply Solutions $77,749 1358 W. Carrier Pkwy Grand Prairie, TX 75050 Tel: (972) 357-4505 5. Rasa Floors $65,335 PO Box 619130 Dallas, TX 75261-9130 Tel: (405) 727-7026 6. Ferguson Enterprises LLC $35,274 751 Lakefront CMNS Newport News, VA 23606-3322 Tel: (405) 672-3828 7. M&M Painting and Construction $33,480 27018 Blanco Rd San Antonio, TX 78260-5166 Tel: (210) 614-9994 8. Westlake Ace $33,402 PO Box 219370 Kansas City, MO 64121-9370 9. HD Supply $30,068 PO Box 509058 San Diego, CA 92150 10. City of Midwest City $26,929 100 N Midwest Blvd Midwest City, OK 73110 Tel: (405) 739-1254 11. EKA Consulting and Construction $19,372 3524 E 67th Pl Tulsa, OK 74136-2639 Tel: (918) 424-1627 12. Hero General Contracting LLC $18,815 5120 N Santa Fe Ave Ste A Oklahoma City, OK 73118-7501 13. Oklahoma Natural Gas Company $14,834 15 E 5th St Tulsa, OK 74103 14. OG&E $14,019 PO Box 24990 Oklahoma City, OK 73124-0990 15. Countertop and Cabinet Solutions $12,875 27018 Blanco Rd San Antonio, TX 78260-5166 Tel: (830) 980-1534 16. EnviroDispose, LLC $12,277 7220 NW 63rd St Bethany, OK 73008-5002 Tel: (405) 213-4593 17. Entrata Inc. $12,004 PO Box 30015 Salt Lake City, UT 84130-0015 18. Santos Services, LLC $11,770 7609 NW 12th St Oklahoma City, OK 73127-4120 Tel: (405) 693-8982 19. Revive Turnkey, LLC $10,900 3105 NE 11th St Ste 1 Bentonville, AR 72712-9127 Tel: (479) 403-7949 20. Lincoln Construction $10,080 12720 Arrowhead Dr Oklahoma City, OK 73120 Tel: (405) 568-7360 RITE GUIDE: To Sell Oroville Property to M. Turner & O. E. Cruz --------------------------------------------------------------- Rite Guide LLC seeks permission from the U.S. Bankruptcy Court for the District of Nevada, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor has made the strategic business decision to sell its real property located at 3353 Forbestown Road, Oroville, California, pursuant to the negotiated arms-length contract with the proposed buyers, Justice Mikala Turner and Oscar Ernesto Cruz, in the purchase price of $299,000. The Debtor is not requesting overbidding for the sale of the Property because it is a rural property in a remote location that has been adequately marketed for a substantial time period. No trustee has been appointed and no official committees has been established in the case. The lienholder of the Property is IRAR Trust FBO Kirstene Marie Ramstrom. The Debtor believes the sale of the Property is in the best interest of the estate. The Debtor employs LPT Realty Inc. as exclusive broker under the Residential Listing Agreement. LPT Realty Inc. has indicated its willingness to act on the Debtor's behalf and to be compensated in accordance with the terms and conditions in the Listing Agreement. The Agreement was negotiated at arm's length, in good faith, and Debtor believes the terms are fair and reasonable after customary marketing and exposure to a broad base of potential buyers. About Rite Guide LLC Rite Guide LLC is a business services company that provides operational support and guidance solutions to its clients. The company focuses on managing internal processes and delivering consulting-style services within its market segment. Rite Guide LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50031) on January 14, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $100,001 to $1,000,000. The case is assigned to the Honorable Hilary L. Barnes. The Debtor is represented by Norma Guariglia, Esq., of Harris Law Practice LLC. ROBERTS CHEVROLET: Court Sets July 24 Bid Submission Deadline ------------------------------------------------------------- On June 25, 2026, the United States Bankruptcy Court for the District of Delaware entered an Order approving bidding procedures (the "Bidding Procedures Order") in connection with the proposed sale of substantially all assets of Roberts Chevrolet GMC (the "Debtor"). Pursuant to the Bidding Procedures Order, the Debtor has been authorized to solicit offers from interested parties for the acquisition of substantially all of the Debtor's assets. The deadline for submitting a Qualified Bid for the assets is July 24, 2026, at 4:00 p.m. EST (the "Bid Deadline"). If at least two Qualified Bids are received by the Bid Deadline with regard to the Assets, the Debtor will conduct an Auction in accordance with the Bid Procedures, which Auction shall take place on July 28, 2026 at 10:00 a.m. EST. The Debtor's bankruptcy case is pending before the Court as Case No. 26-10830-KBO. The assets being marketed generally consist of an established automotive dealership operation located in Alabama, as well as other assets used in the operation of the dealership business. Interested parties may obtain additional information regarding the opportunity, including access to a confidential information memorandum and due diligence materials, by contacting the individual listed below. To be eligible to participate in the sale process and any auction, interested parties must submit a Qualified Bid in accordance with the Bidding Procedures Order so as to be actually received no later than the Bid Deadline. Copies of the Bidding Procedures Order, form Asset Purchase Agreement, and other relevant sale documents may be obtained by contacting the individual below. For additional information, please contact: Mark Karbiner J.S. Held 610-389-5769 Mark.Karbiner@jsheld.com About Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC is a Delaware corporation whose sole shareholder, Motors Holding LC, holds 34,620 preferred shares and 8,000 common shares of the Debtor, representing 100% of the Debtor's share capital. Robert Chevrolet GMC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10830-KBO) on May 22, 2026. Judge Karen B. Owens presides over the case. Ronald S. Gellert, at Gellert Seitz Busenkell & Brown, LLC, represents the Debtor as legal counsel. RTB DIGITAL: Shareholder Jason Dorsett Holds 30.6% Stake -------------------------------------------------------- Jason Christopher Dorsett disclosed in a Schedule 13G filed with the Securities and Exchange Commission that as of May 26, 2026, he beneficially owned 4,174,028 shares of common stock of RTB Digital, Inc., representing approximately 30.6% of the Company's outstanding shares. Mr. Dorsett has sole voting power and sole dispositive power over all 4,174,028 shares, with no shared voting or dispositive power. Jason Christopher Dorsett may be reached through: Anibal Pablo Escanellas Juan Financial Analyst 200 Calle San Agustin San Juan, PR 00901 A full-text copy of Mr. Dorsett's SEC Report is available at https://tinyurl.com/yjuh43vp About RTB Digital, Inc. RTB Digital, Inc. operates an enterprise digital media SaaS platform, doing business as Roundtable, that enables media brands to distribute, monetize and manage audience communities through AI, Web3 publishing infrastructure and related payment and reporting tools. The company is based in San Diego, California. Independent auditor Simon & Edward, LLP included a going-concern language in its report dated April 15, 2026, stating that the Company has suffered recurring losses from operations and has experienced significant liquidity constraints following the discontinuation of its QuickCard operations and the sale of its European subsidiary, Ryvyl EU. These factors, alongside expectations of continued operating losses, raise substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the company reported total assets of $9.9 million, total liabilities of $10.87 million and stockholders' deficit of $972,000. RTB DIGITAL: Signs Technology Partnership With Mario Nawfal ----------------------------------------------------------- RTB Digital, Inc., entered into a technology partnership agreement with Mario Nawfal on July 17 to host his non-social digital platform, according to a press release furnished as an exhibit to a Form 8-K filed with the Securities and Exchange Commission. The agreement covers publishing, monetization, syndication and business operations through RTB Digital's integrated technology stack. The company had previewed a pending partnership with a large-reaching media brand during a June 26 investor call. The filing did not disclose financial terms. About RTB Digital, Inc. RTB Digital, Inc., formerly known as RYVYL Inc. and doing business as Roundtable, operates an AI- and decentralized finance-powered enterprise media platform that provides content distribution, publishing, monetization, community engagement, syndication and payment-processing services. Simon & Edward, LLP's April 15, 2026, audit report included substantial-doubt language related to RYVYL, Inc's ability to continue as a going concern. The auditor cited recurring operating losses, significant liquidity constraints following the discontinuation of QuickCard operations and the sale of Ryvyl EU, and expectations of continued operating losses. As of March 31, 2026, RTB Digital reported total assets of $9.9 million, total liabilities of $10.87 million and a stockholders’ deficit of $972,000. RUM SUGAR: Seeks to Hire Darby Law Practice as Bankruptcy Counsel ----------------------------------------------------------------- Rum Sugar Lime, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Darby Law Practice, Ltd. as counsel. The firm will render these services: (a) advise the Debtor of its rights, powers and duties in the continued operation of business and management of its properties; (b) take all necessary action to protect and preserve the Debtor's estate; (c) prepare on behalf of the Debtor all necessary legal papers in connection with the administration of its estate; (d) attend meetings and negotiations with the Subchapter 5 trustee, representatives of creditors, equity holders or prospective investors or acquirers and other parties in interest; (e) appear before the Court, any appellate courts and the Office of the United States Trustee to protect the interests of the Debtor; (f) pursue approval of confirmation of a plan of reorganization and approval of the corresponding solicitation procedures and disclosure statement; and (g) perform all other necessary legal services in connection with the Chapter 11 Subchapter 5 case. Kevin Darby, Esq., the primary attorney in this representation, will be paid at his hourly rate of $550, plus reimbursement. The firm received a retainer fee in the amount of $11,738, plus the Chapter 11 filing fee of $1,738. Mr. Darby 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: Kevin A. Darby, Esq. Darby Law Practice, Ltd. 499 W. Plumb Lane, Suite 202 Reno, NV 89509 Telephone: (775) 322-1237 About Rum Sugar Lime LLC Rum Sugar Lime, LLC is a Reno, Nevada-based cocktail bar and tropical lounge operating from 1039 S. Virginia St. in Midtown Reno. In addition to its lounge, the company manages the Nautilus private event venue and continues to offer seasonal food and beverage menus while restructuring its financial obligations. Established in 2018, the business also received state COVID-19 relief funding in 2021. Rum Sugar Lime sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50674) on July 2, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. Honorable Hilary L. Barnes handles the case. The Debtor is represented by Kevin A. Darby, Esq., at Darby Law Practice, Ltd. RYZEMD CORPORATION: Plan Confirmation Hearing Scheduled for Aug. 19 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida will hold a hearing on August 19, 2026 at 10:00 AM, before Judge Luis E. Rivera II to confirm the Plan of Reorganization of RyzeMD Corporation. Deadline for Objections to Confirmation or Adequacy of Disclosures. Objections to (a) confirmation of the Plan or (b) the adequacy of the disclosures required under Section 1190(1) of the Bankruptcy Code must filed and served no later than seven days before the Confirmation Hearing. Deadline for Acceptance or Rejection of the Plan. Creditors and other parties in interest must file their written acceptance or rejection of the Plan (ballot) no later than seven days before the Confirmation Hearing. As shared by the Troubled Company Reporter, the Debtor operates a VIP concierge style internal medicine practice for a limited number of patients. The mailing address for the Property is 200 S. MacDill Ave., Tampa, Florida 33609 but currently the Debtor operates remotely based solely on the efforts of Dr. Cruz. Class 1 consists of all Allowed General Unsecured Claims against the Debtor. In full satisfaction of the Allowed Class 1 General Unsecured Claims, Holders of Class 1 Claims shall receive a pro rata share of the Debtor's projected disposable income for the three years following the effective date, paid quarterly commencing on the end of the first quarter following the Effective Date. Class 2 consists of all equity interests in RyzeMD Corporation. Class 2 Interest Holders shall retain their respective Interests in RyzeMD Corporation in the same proportions such Interests were held as of the Petition Date (i.e., 84% Interest retained by Dr. Wanda Cruz and 16% Interest retained by Hughes Capital Corporation). Class 2 is Unimpaired. The Plan contemplates the Debtor will continue to manage and operate its business in the ordinary course, but with restructured debt obligations. It is anticipated the Debtor's postconfirmation business will mainly involve continued operation of its restaurant, the income from which will be committed to make the Plan Payments to the extent necessary. Funds generated from the Debtor's operations through the Effective Date will be used for Plan Payments; however, the Debtor's cash on hand as of Confirmation will be available for payment of Administrative Expenses. A full-text copy of the Plan of Reorganization dated July 1, 2026 is available at https://urlcurt.com/u?l=B2ueuq from PacerMonitor.com at no charge. Counsel for the Debtor: Justin M. Luna, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, Florida 32801 A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=NJZhJA from PacerMonitor.com. About RyzeMD Corporation Ryzemd Corp is a Tampa, Florida-based healthcare services company that provides urgent care and ambulatory medical services, including treatment for common illnesses and injuries, diagnostic imaging, laboratory testing, and telemedicine consultations. Founded in 2020, the company operates facilities that integrate acute care with wellness and aesthetic services through affiliated operations, serving individuals seeking walk-in and outpatient medical care. Ryzemd sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02715) on April 2, 2026, with $1 million to $10 million in both assets and liabilities. Dr. Wanda Cruz, president, signed the petition. Justin M. Luna, at Latham, Luna, Eden & Beaudine, LLP, is the Debtor's legal counsel. SAI BHOLE-NATH: Plan Confirmation Hearing Scheduled for Aug. 25 --------------------------------------------------------------- Judge Brad W. Odell of the U.S. Bankruptcy Court for the Northern District of Texas conditionally approved the Disclosure Statement in Support of Joint Plan of Reorganization of Sai Bhole-Nath Hotels, Inc. and its affiliates. The Disclosure Statement is conditionally approved as containing adequate information in accordance with section 1125 of the Bankruptcy Code and is subject to final approval of the Court at the Combined Hearing. The Debtors' request for a hearing confirmation of the Plan, and the following Confirmation Schedule, are approved: * August 3, 2026, at 4:00 p.m. prevailing Central time is fixed as the last day for eligible parties to file an election pursuant to Section 1111(b) of the Bankruptcy Code. * August 18, 2026, at 4:00 p.m. prevailing Central time is fixed as the last day for filing written acceptances or rejections of the Plan. * August 18, 2026, at 4:00 p.m. prevailing Central time is fixed as the last day for filing and serving, pursuant to Fed. R. Bankr. P. 3020(b)(1), written objections to confirmation of the Plan. * August 25, 2026, at 1:30 p.m. prevailing Central time is fixed for the hearing on confirmation of the Plan, which shall be held in person before the Honorable Brad W. Odell, in the United States Bankruptcy Court for the Northern District of Texas, George Mahon Federal Building, 1205 Texas Ave., Rm 314, Lubbock, TX 79401-4002. As shared by the Troubled Company Reporter, primary purpose of the Plan is to facilitate the resolution and treatment of the Debtors' outstanding Claims, Liens and Equity Interests. The Plan contemplates a number of Restructuring Transactions, which will provide the basis and consideration for Claims against the Debtors. Class A4 consists of the General Unsecured Claims Against Sai Bhole-Nath. Except to the extent that a holder of an Allowed General Unsecured Claim and the Debtors or Reorganized Debtors agree to less favorable treatment, each holder of an Allowed General Unsecured Claim shall receive in full and final satisfaction of such claim, on or before the one-year anniversary of the Effective Date, its Pro Rata share of any sale proceeds or Cash remaining following payment in full of Claims in Classes A1, A2, and A3. Class A4 is Impaired under the Plan and is entitled to vote. The allowed unsecured claims total $4,099,388.60. This Class will receive a distribution of 0% of their allowed claims. Class B3 consists of the General Unsecured Claims Against Sai Krupa. Except to the extent that a holder of an Allowed B3 General Unsecured Claim and the Debtors or Reorganized Debtors agree to less favorable treatment, each holder of an Allowed B3 General Unsecured Claim shall receive in full and final satisfaction of such claim its Pro Rata share of the Sai Krupa GUC Cash. Class B3 is Impaired under the Plan and is entitled to vote. The allowed unsecured claims total $1,303,480.07. This Class will receive a distribution of 1% of their allowed claims. Class C3 consists of the General Unsecured Claims Against Sai Shyam. Except to the extent that a holder of an Allowed C3 General Unsecured Claim and the Debtors or Reorganized Debtors agree to less favorable treatment, each holder of an Allowed C3 General Unsecured Claim shall receive in full and final satisfaction of such claim its Pro Rata share of the Sai Shyam GUC Cash. Class C3 is Impaired under the Plan and is entitled to vote. The allowed unsecured claims total $807,666.21. This Class will receive a distribution of 1% of their allowed claims. A full-text copy of the Disclosure Statement dated April 30, 2026 is available at https://urlcurt.com/u?l=Y6vIzR from PacerMonitor.com at no charge. SAI Bhole-Nath Hotels, Inc. is represented by: Megan F. Clontz, Esq. Rachael L. Smiley, Esq. Sabrina M. March, Esq. FERGUSON BRASWELL FRASER KUBASTA PC 2500 Dallas Parkway, Suite 600 Plano, TX 75093 Tel: (972) 378-9111 Fax: (972) 378-9115 Email: mclontz@fbfk.law Email: rsmiley@fbfk.law Email: smarch@fbfk.law A copy of the Court's Order dated July 10, 2026, is available at https://urlcurt.com/u?l=7V4DUD from PacerMonitor.com. About SAI Bhole-Nath Hotels, Inc. Sai Bhole-Nath Hotels, Inc., a Georgia corporation founded in 2015 by Chetan "Chaz" Patel and Bhartiben "Bharti" Patel, operates the Baymont by Wyndham Lubbock - Downtown Civic Center in Lubbock, Texas. The 138-room limited-service hotel features an outdoor pool, business center, and parking, and was acquired in 2019 for approximately $4.8 million. Sai Krupa Hospitality, LLC, a Texas limited liability company formed in 2020 with Chetan Patel as manager, owns the La Quinta In by Wyndham and Conference Center San Angelo. The 173-room limited-service hotel, located near Angelo State University, includes a pool, meeting facilities, and daily breakfast, and was purchased in 2021 for approximately $4.8 million. Sai Krupa Hospitality, LLC and Sai Shyam Hotels, LLC, a Texas limited liability company formed in 2021 with Chetan Patel as manager, operates the Motel 6 San Angelo Texas. The 98-room limited-service hotel offers an outdoor pool, Wi-Fi, and guest laundry, and was acquired in 2021 for approximately $2.8 million. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case 25-50333) on December 1, 2025. At the time of the filing, Sai Bhole-Nath Hotels disclosed $4,301,544 in total assets and $2,999,222 in total liabilities. Ferguson Braswell Fraser Kubasta, PC represents the Debtor as legal counsel. SAN FRANCISCO ARCHDIOCESE: Proposes $395M Settlement with Survivors ------------------------------------------------------------------- Mary Alexander & Associates, P.C. announced on July 20, 2026, that the Archdiocese of San Francisco reached a proposed $395 million settlement to resolve claims brought by approximately 530 survivors of childhood clergy sexual abuse. Plaintiffs' attorneys described the agreement as the largest per-survivor recovery proposed in any clergy bankruptcy case. The settlement still requires approval from survivors and the U.S. Bankruptcy Court before it becomes final. "This agreement reflects the extraordinary courage of survivors who refused to remain silent and demanded accountability from one of the most powerful institutions in San Francisco," Alexander said. "No financial payment can erase the abuse my clients endured or restore what was taken from them. But this proposed settlement recognizes their suffering, provides a path toward compensation and requires reforms designed to protect children and expose misconduct that institutions too often concealed." The claims followed the passage of California Assembly Bill 218, also known as the California Child Victims Act. The law opened a three-year revival window from 2020 through 2022 that allowed survivors to pursue previously time-barred civil claims involving childhood sexual abuse. The Archdiocese of San Francisco filed for Chapter 11 bankruptcy protection in August 2023 while facing hundreds of sexual abuse claims. The bankruptcy placed the survivors' cases into a collective proceeding and triggered negotiations over the Archdiocese's assets, insurance rights and responsibility to compensate those harmed. Under the proposed agreement, the Archdiocese and affiliated entities would fund the $395 million settlement. Survivors would also receive the Archdiocese's rights under certain insurance policies, allowing them to pursue additional compensation from insurers that have not joined the agreement. "This case never concerned money alone," Alexander said. "Survivors fought for the truth, for public accountability and for changes that could prevent another child from suffering the same harm. Their persistence forced an institution that resisted disclosure for decades to confront its history." The proposed resolution also includes a 14-point child-protection and accountability plan. Reported provisions would require the Archdiocese to: * Retain an independent child-protection consultant and publish the consultant's findings; * Release a list of credibly accused offenders; * Establish a survivors' bill of rights; * Create an anonymous online system for reporting abuse; * Protect employees who report suspected misconduct from retaliation; * Strengthen reference-checking procedures; * End the use of confidentiality provisions that conceal abuse allegations; and * Issue letters of apology to survivors. The case previously produced a significant transparency ruling when U.S. Bankruptcy Judge Dennis Montali ordered the release of meeting minutes prepared by the Archdiocese's Debtor's Independent Review Board. Those records offered insight into how Church officials internally evaluated sexual abuse allegations and the conduct of accused priests. Alexander said the proposed settlement represents another major step in survivors' decades-long effort to force religious institutions to disclose abuse, compensate victims and implement meaningful safeguards. "For generations, institutions relied on secrecy, delay and survivors' fear to avoid responsibility," Alexander said. "These survivors changed that. They came forward, told the truth and pursued justice despite the enormous emotional cost. Their strength made this agreement possible." The settlement will not become final unless survivors vote to approve it and the Bankruptcy Court confirms the Archdiocese's reorganization plan. About Mary Alexander & Associates, P.C. Mary Alexander & Associates, P.C. is a San Francisco-based plaintiffs' law firm representing people harmed by sexual abuse, institutional misconduct, dangerous products, toxic exposure, catastrophic accidents and corporate negligence. Founding attorney Mary E. Alexander has spent decades representing survivors of childhood sexual abuse and pursuing accountability from religious organizations, schools and other institutions entrusted with protecting children. The firm also represented survivors in litigation against the Archdiocese of Los Angeles, which produced total settlements exceeding $1.5 billion. About The Roman Catholic Archbishop of San Francisco The Roman Catholic Archbishop of San Francisco, Archdiocese of San Francisco, is a tax-exempt religious organization. The Archdiocese of San Francisco is a Latin Church ecclesiastical territory or diocese of the Catholic Church in the northern California region of the United States. The Archdiocese of San Francisco was erected on July 29, 1853, by Pope Pius IX, and its cathedral is the Cathedral of Saint Mary of the Assumption. The Archdiocese sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-30564) on Aug. 21, 2023. In the petition filed by Fr. Patrick Summerhays as vicar general and moderator of the Curia, the Archdiocese reported $100 million to $500 million in assets and liabilities. The Hon. Dennis Montali oversees the case. The Debtor tapped Feldserstein Fitzgerald Willoughby as counsel. Counsel for Certain Personal Injury Creditors are Michael G. Finnegan, Esq., Jennifer E. Stein, Esq., and Parker P. Estenson, Esq. of JEFF ANDERSON & ASSOCIATES, P.A. SANTA PAULA: To Sell Bakersfield Property to Aramex Farm for $622K ------------------------------------------------------------------ Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Debtor is an agricultural producer whose principal office is in Fillmore, California. The Debtor's Property is comprised of 120 acres of agricultural land at Kyte and Whistler Rd., Bakersfield, CA 93215. The Debtor wishes to sell the Property to Aramex Farm, LLC in the purchase price of $622,900 with no contingencies. Debtor believes that the Court's approval of the Motion is in the best interests of Debtor's creditors. The offer to purchase the Property made by Buyer represents the highest or otherwise best offer received by Debtor. The Debtor has determined that the best means for Debtor to obtain the most favorable recovery from the sale of the Property was for the Property to be sold in the Auction, and then confirmed by the Motion to Sell. The Auction of the Property took place online with competitive bidding. Debtor seeks to confirm the winning bid of the Buyer from the Auction. A prompt sale of the Property is necessary to allow to maximize the value of Property, and to facilitate a prompt reorganization by Debtor, as well as provide Debtor the needed funds to pay some of its secured creditors and start reducing its liabilities. The lienholders of the Property Kern County Tax Collector, The Buxman Group, Ten-X, LLC, Cawelo Water District, and AgWest Farm Credit f/k/a Farm Credit West, FLCA. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SANTA PAULA: To Sell Delano Agri Property to Adrian Gonzalez ------------------------------------------------------------ Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Debtor is an agricultural producer whose principal office is in Fillmore, California. The Debtor's Property is comprised of 192 acres of agricultural land located at 24007 Avenue 2, Delano, CA, CA 93215. The Debtor wishes to sell the Property to Adrian Gonzalez in the purchase price of $562,000 with no ontingencies. Debtor believes that the Court's approval of the Motion is in the best interests of Debtor's creditors. The offer to purchase the Property made by Buyer represents the highest or otherwise best offer received by Debtor. The Debtor has determined that the best means for Debtor to obtain the most favorable recovery from the sale of the Property was for the Property to be sold in the Auction, and then confirmed by the Motion to Sell. The Auction of the Property took place online with competitive bidding. Debtor seeks to confirm the winning bid of the Buyer from the Auction. A prompt sale of the Property is necessary to allow to maximize the value of Property, and to facilitate a prompt reorganization by Debtor, as well as provide Debtor the needed funds to pay some of its secured creditors and start reducing its liabilities. The lienholders of the Property are Kern County Tax Collector, The Buxman Group, Ten-X, LLC, and AgWest Farm Credit f/k/a Farm Credit West, FLCA. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SANTA PAULA: To Sell Delano Property to Sidhu Farm for $563K ------------------------------------------------------------ Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Debtor is an agricultural producer whose principal office is in Fillmore, California. The Debtor's Property is comprised of 100 acres of agricultural land at Highway 155 and Highway 65, Delano, CA 93215. The Debtor wishes to sell the Property to Sidhu Farm California, LLC in the purchase price of $563,500 with no contingencies. Debtor believes that the Court's approval of the Motion is in the best interests of Debtor's creditors. The offer to purchase the Property made by Buyer represents the highest or otherwise best offer received by Debtor. The Debtor has determined that the best means for Debtor to obtain the most favorable recovery from the sale of the Property was for the Property to be sold in the Auction, and then confirmed by the Motion to Sell. The Auction of the Property took place online with competitive bidding. Debtor seeks to confirm the winning bid of the Buyer from the Auction. A prompt sale of the Property is necessary to allow to maximize the value of Property, and to facilitate a prompt reorganization by Debtor, as well as provide Debtor the needed funds to pay some of its secured creditors and start reducing its liabilities. The lienholders of the Property are Kern County Tax Collector, The Buxman Group, Ten-X, LLC, and AgWest. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SANTA PAULA: To Sell Tulare Property to Adrian Gonzalez for $290K ----------------------------------------------------------------- Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Debtor is an agricultural producer whose principal office is in Fillmore, California. The Debtor's Property is comprised of 80 acres of agricultural land at Off of Ave 2, Tulare, CA 93215. The Debtor wishes to sell the Property to Adrian Gonzalez in the purchase price of $290,001.00 with no contingencies. Debtor believes that the Court's approval of the Motion is in the best interests of Debtor's creditors. The offer to purchase the Property made by Buyer represents the highest or otherwise best offer received by Debtor. The Debtor has determined that the best means for Debtor to obtain the most favorable recovery from the sale of the Property was for the Property to be sold in the Auction, and then confirmed by the Motion to Sell. The Auction of the Property took place online with competitive bidding. Debtor seeks to confirm the winning bid of the Buyer from the Auction. A prompt sale of the Property is necessary to allow to maximize the value of Property, and to facilitate a prompt reorganization by Debtor, as well as provide Debtor the needed funds to pay some of its secured creditors and start reducing its liabilities. The lienholders of the Property are Tulare County Tax Collector, U.S. Bank National Association, as Custodian/Trustee for Federal Agricultural Mortgage Corporation Programs, Eastern Tule Groundwater Sustainability Agency, Tulare County Tax Collector, Zions Bancorporation, N.A. dba Zions First National Bank, and Eastern Tule Groundwater Sustainability Agency. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SILICON VALLEY: Liquidator Poised to Collect Millions in Tax Refund ------------------------------------------------------------------- David Schultz of Bloomberg Law reports that the liquidating trust for the failed Silicon Valley Bank is poised to collect a tax refund of more than $5 million after reaching a tentative agreement with the IRS to settle a long-running tax dispute. In a joint status report filed with the U.S. Tax Court, the IRS and SVB Financial Group Liquidating Trust said they had agreed in principle to resolve claims involving the bank’s 2020 and 2021 federal tax obligations. The IRS had previously alleged the company owed more than $41 million in additional taxes for those years. Rather than owing additional taxes, the proposed settlement would result in the trust receiving a refund exceeding $5 million. The parties are preparing final settlement documents and asked the court for additional time to complete the agreement, the report states. The development marks another step in the post-bankruptcy administration of SVB Financial Group. Since the bank's collapse in 2023, the liquidating trust has focused on maximizing recoveries for creditors by resolving tax claims, litigation, and other remaining assets, according to Bloomberg. About Silicon Valley Bank Silicon Valley Bank was the nation's 16th largest bank and the biggest to fail since the 2008 financial meltdown. During the week of March 6, 2023, Silicon Valley Bank, Santa Clara, CA, experienced a severe "run-on-the-bank." On the morning of March 10, 2023, the California Department of Financial Protection and Innovation seized SVB and placed it under the receivership of the Federal Deposit Insurance Corporation (FDIC). The FDIC on March 13, 2023, disclosed that it transferred all deposits -- both insured and uninsured -- and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated "bridge bank" in an action designed to protect all depositors of Silicon Valley Bank. SVB Financial Group is a financial services company focusing on the innovation economy, offering financial products and services to clients across the United States and in key international markets. Prior to March 10, 2023, SVB Financial Group owned and operated Silicon Valley Bank, a state-chartered bank. On March 17, 2023, SVB Financial Group sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 23-10367). The Hon. Martin Glenn is the bankruptcy judge. The Debtor had assets of $19,679,000,000 and liabilities of $3,675,000,000 as of Dec. 31, 2022. Centerview Partners LLC is proposed financial advisor, Sullivan & Cromwell LLP proposed legal counsel and Alvarez & Marsal proposed restructuring advisor to SVB Financial Group as debtor-in-possession. Kroll is the claims agent. On June 13, 2023, a collective of depositors of the Silicon Valley Bank (Cayman Islands Branch) filed a petition with the Court seeking an order that SVB Cayman be wound up and liquidators be appointed under the provisions of the Companies Act (2023 Revision) on the grounds that the Company is insolvent. On June 29, 2023, the Grand Court of the Cayman Islands appointed Andrew Childe and Michael Pearson of FFP limited in the Cayman Islands and Niall Ledwidge from Stout in New York, United States as Joint Official Liquidators of SVB Cayman. Liquidators of Silicon Valley Bank (Cayman Islands) filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y. Case No. 24-10076) on Jan. 18, 2024. The Liquidators' counsel in the U.S. case is Warren E. Gluck, Esq. at Holland & Knight LLP. SIMPLY INTERIOR: Committee Seeks to Tap Dundon as Financial Advisor ------------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Simply Interior Homes, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Dundon Advisers LLC as co-financial advisor. The firm's services include: (a) assist in the analysis, review, and monitoring of the restructuring and/or liquidation process; (b) develop a complete understanding of the Debtors' businesses, their operations and their valuations; (c) determine whether there are viable alternative paths for the disposition of the Debtors' assets from any currently or in the future they proposed; (d) advise the committee on the marketing process of the Debtors' assets to any company based in the United States; (e) assist in valuing any bids or term sheets received for the Debtors' assets; (f) monitor and, to the extent appropriate, assist the Debtors in efforts to develop and solicit transactions that would support unsecured creditor recovery; (g) assist the committee to analyze, classify and address claims against the Debtors and participate effectively in any effort in these Chapter 11 cases to estimate (in any formal or informal sense) contingent, unliquidated, and disputed claims; (h) assist the committee to identify, preserve, value, and monetize tax assets of the Debtors, if any; (i) advise the committee in negotiations with the Debtors, certain of their lenders, and third parties; (j) assist the committee in reviewing the Debtors' current financial reports; (k) assist the committee in reviewing the Debtors' cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; (l) review and provide analysis of the present and any subsequent proposed financing or use of cash collateral; (m) provide review and quality assurance of materials created by any other retained financial advisor of the committee before distributing to other committee professionals, Debtor professionals, or committee members; (n) present at meetings of the committee, as well as meetings with other key stakeholders and parties related to Dundon's scope of work; (o) attend meetings and assist in discussions with the committee, the Debtors, the secured lenders, the U.S. Trustee and other parties in interest and professionals; (p) provide testimony on behalf of the committee as and when may be deemed appropriate; and (q) perform such other advisory services for the committee as may be necessary or proper in these proceedings that are not included here but not duplicative with any contemplated scope of work of Foresight. The firm's counsel and staff will be paid at these hourly rates: Principal $1,090 Managing Director $960 Senior Advisor $960 Senior Director $850 Director $755 Associate Director $650 Senior Associate $495 Associate $350 In addition, the firm will seek reimbursement for expenses incurred. The firm received a $300,000 as retainer from the Debtors. Joshua Nahas, a managing director at Dundon Advisers, 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: Joshua Nahas Dundon Advisers LLC 565 Fifth Avenue, 16th Floor New York, NY 10017 Telephone: (212) 859-2000 Email: jn@dundon.com About Simply Interior Homes LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP are serving as counsel to the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, and their sales agent is Rock Creek Advisors LLC. Epiq Corporate Restructuring LLC is the claims and noticing agent. On June 18, 2026, the Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP as counsel and Foresight Restructuring LLC and Dundon Advisers LLC as financial advisors. SIMPLY INTERIOR: Committee Taps Foresight Restructuring as Advisor ------------------------------------------------------------------ The official committee of unsecured creditors appointed in the Chapter 11 cases of Simply Interior Homes, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Foresight Restructuring LLC as co-financial advisor. The firm will provide these services: (a) develop complete understanding of the Debtors' businesses and their valuations; (b) assist in the sales process for the assets of the Debtors in targeted geographical areas not already covered by their investment banker; (c) assist the committee in identifying, valuing, and pursuing estate causes of action; (d) assist the committee in reviewing the Debtors' financial reports; (e) assist the committee in evaluating and analyzing avoidance actions; (f) attend meetings and assist in discussions with the committee, the Debtors, the secured lenders, the U.S. Trustee and other parties in interest and professionals; (g) present at meetings of the committee, as well as meetings with other key stakeholders and parties; and (h) perform such other advisory services for the committee as may be necessary or proper in these proceedings, subject to the aforementioned scope. The firm's counsel and staff will be paid at these hourly rates: Partner $750 - $850 Senior Associate $450 In addition, the firm will seek reimbursement for expenses incurred. Yi Zhu, a partner at Foresight Restructuring, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Yi Zhu, Esq. Foresight Restructuring LLC 151 Mount Grove Rd. Califon, NJ 07830 About Simply Interior Homes LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP are serving as counsel to the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, and their sales agent is Rock Creek Advisors LLC. Epiq Corporate Restructuring LLC is the claims and noticing agent. On June 18, 2026, the Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP as counsel and Foresight Restructuring LLC and Dundon Advisers LLC as financial advisors. SIMPLY INTERIOR: Committee Taps Lowenstein Sandler as Legal Counsel ------------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Simply Interior Homes, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Lowenstein Sandler LLP as counsel. The firm's services include: (a) advise the committee with respect to its rights, duties, and powers in the Chapter 11 cases; (b) assist and advise the committee in its consultations with the Debtors relative to the administration of the Chapter 11 cases; (c) assist the committee and provide advice concerning the proposed sale of substantially all of the Debtors' assets; (d) assist the committee in analyzing the claims of the Debtors' creditors and its capital structure and in negotiating with holders of claims and equity interests; (e) assist the committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors and of the operation of its business; (f) assist the committee in analyzing (i) the Debtors' prepetition financing, (ii) proposed use of cash collateral, and (iii) its proposed debtor-in-possession financing ("DIP Financing"), the terms and conditions of the proposed DIP Financing, and the adequacy of the proposed DIP Financing budget; (g) assist the committee in its investigation of the liens and claims of the holders of the Debtors' prepetition debt and the prosecution of any claims or causes of action revealed by such investigation; (h) assist the committee in its analysis of, and negotiations with, the Debtors or any third party concerning matters related to, among other things, the assumption or rejection of certain leases of nonresidential real property and executory contracts, asset dispositions, sale of assets, financing of other transactions and the terms of one or more plans of reorganization for the Debtors and accompanying disclosure statements and related plan documents; (i) assist and advise the committee as to its communications with unsecured creditors regarding significant matters in the Chapter 11 cases; (j) represent the committee at hearings and other proceedings; (k) review and analyze applications, orders, statements of operations, and schedules filed with the court and advise the committee as to their propriety; (l) assist the committee in preparing pleadings and applications as may be necessary in furtherance of the committee's interests and objectives in the Chapter 11 Cases; (m) prepare on behalf of the committee, any pleadings; and (n) perform such other legal services as may be required or are otherwise deemed to be in the interests of the committee in accordance with its powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm's counsel will be paid at these hourly rates: Partners $800 - $2,300 Of Counsel $955 - $1,685 Senior Counsel $710 - $1,695 Counsel $670 - $1,600 Associates $590 - $1,450 Staff Attorneys $500 - $965 Paralegals, Practice Support, and Assistants $225 - $540 In addition, the firm will seek reimbursement for expenses incurred. Jeffrey Cohen, Esq., a partner at Lowenstein Sandler, also provided the following in response to the request for additional information set forth in Section D of the Revised 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: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition period. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Lowenstein Sandler did not represent the committee prior to the Petition Date. Question: Has your client approved your prospective budget and staffing plan and, if so, for what budget period? Answer: Lowenstein Sandler expects to develop a budget and staffing plan to reasonably comply with the U.S. Trustee's request for information and additional disclosures, as to which Lowenstein Sandler reserves all rights. The committee has reviewed and approved Lowenstein Sandler's proposed hourly billing rates. Mr. Cohen disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeffrey Cohen, Esq. Lowenstein Sandler LLP 1251 Avenue of the Americas New York, NY 10020 About Simply Interior Homes LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP are serving as counsel to the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, and their sales agent is Rock Creek Advisors LLC. Epiq Corporate Restructuring LLC is the claims and noticing agent. On June 18, 2026, the Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP as counsel and Foresight Restructuring LLC and Dundon Advisers LLC as financial advisors. SKYLARK HOTELS: Gets OK to Use Cash Collateral Until Aug. 13 ------------------------------------------------------------ Skylark Hotels, Inc. received an interim order from the U.S. Bankruptcy Court for the Central District of California, Riverside Division, authorizing the continued use of cash collateral through August 13, in accordance with the post-petition operating budget. The court authorized the Debtor to use cash collateral only under the terms and conditions outlined in the motion and the approved operating budget, allowing the hotel to continue its business operations while the Chapter 11 case proceeds. The interim authorization remains effective pending a final determination on the motion. The Debtor projects total monthly operational expenses of $53,130. As adequate protection, the Debtor is required to make monthly payments of $39,533.33 to secured lender, New Omni Bank, N.A., throughout the interim period. The Debtor must also provide an updated operating budget to counsel for New Omni Bank no later than seven days before the continued hearing. A continued final hearing on the cash collateral motion is scheduled for August 13. New Omni Bank is represented by: Kevin H. Morse, Esq. Clark Hill, PLC 130 E. Randolph Street, Suite 3900 Chicago, IL 60601 Telephone: (312) 985-5900 Facsimile: (312) 985-5999 kmorse@clarkhill.com About Skylark Hotels Inc. Skylark Hotels, Inc. doing business as Empire Inn, owns and operates an 82-room budget motel located at 294 E. Hospitality Lane in San Bernardino, California, with a comparable sale value of about $6.5 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10787) on February 1, 2026. In the petition signed by Kalpesh Prafull Solanki, managing member, the Debtor disclosed $6,771,564 in total assets and $10,117,752 in total liabilities. Judge Magdalena Reyes Bordeaux oversees the case. Kevin Tang, Esq., at Tang & Associates, represents the Debtor as legal counsel. SONICWALL HOLDINGS: S&P Upgrades ICR to 'CCC+', Outlook Stable -------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on SonicWall Holdings Ltd. to 'CCC+' from 'D' and withdrew its issue-level ratings on its exchanged term loans and revolving credit facility. S&P said, "The stable outlook reflects our view that SonicWall has adequate liquidity over the next 12 months to meet its operating and debt servicing requirements. At the same time, we believe the company's elevated leverage and uncertain ability to return to sustained revenue growth could make its long-term capital structure unsustainable." SonicWall's recent debt restructuring allowed it to stabilize the risk of liquidity shortfall and extended all debt maturities to 2030. However, S&P Global Ratings believes execution risks remain elevated on its growth recovery amid an increasingly competitive market environment with macroeconomic uncertainty and constrained financial flexibility stemming from continued near-term cash flow headwinds, higher debt burden, and elevated leverage. S&P believes the debt restructuring lowers near-term liquidity risk. The transaction helped SonicWall replenish liquidity with a new first-lien, first-out term loan provided by existing lenders. The company continues to recover from recent significant underperformance due to a widespread breach of its firewall configuration backup files in September of last year. While there have not been material customer churns reported or stolen data being exploited, disruption caused by the incident mitigation efforts meaningfully weakened its top-line performance and liquidity. Liquidity was limited to about $20 million of cash on the balance sheet with the revolver fully drawn as of the first quarter of fiscal 2027 (ended April 30, 2026), after burning about $70 million (including amortization on its first-lien term loans) during fiscal 2026 (ended Jan. 31, 2026). With the proceeds from the new first-lien, first-out term loan, liquidity improved to about $60 million at transaction close. SonicWall also extended maturities on its previous first-lien term loans and revolving credit facility by exchanging these instruments on a first-lien, second-out basis. The exchange also included a few lender-friendly revisions, including additional protections against future liability management transactions and value leakage, enhanced covenants (such as minimum liquidity), and higher quality of reporting going forward (including performance indicators such as bookings, billings, and other relevant metrics). There are early signs of growth recovery. Given the magnitude of recent business underperformance, SonicWall's credit metrics will remain weak over the near term as it continues to execute its growth recovery and margin expansion plan. S&P expects revenue growth will decline by 2%-3% in fiscal 2027 then return to growth of 6%-8% in fiscal 2028. Its S&P Global Ratings-adjusted EBITDA margins will be about 16% in fiscal 2027, then meaningfully expand to the mid-20% area as revenue growth returns, it realizes cost savings, and related one-time expenses roll off. S&P forecasts its S&P Global Ratings-adjusted leverage will be over 16x by the end of fiscal 2027, improving to 8x-9x in fiscals 2028 and 2029, driven by growth recovery and margin expansion. However, there is risk to its forecast given potential disruptions from large cost reductions. The cyber incident in September last year, along with channel inventory reduction and timing of its new Generation 8 product launch, significantly disrupted sales in fiscal 2026. As a result, SonicWall suffered from revenue and billings decline over the past 12 months. While billings declined sharply by over 30% shortly after the incident during third quarter of last year, there was sequential quarter-over-quarter improvement since, although year-over-year comparisons are still negative. Similarly, consolidated revenue showed modest signs of sequential recovery after the incident--year-over-year declines narrowed to 11% in the fourth quarter of fiscal 2026 and 9% in the first quarter of fiscal 2027, down from 15% in the third quarter of fiscal 2026. In response to top-line underperformance, the company has been implementing cost reduction initiatives to stabilize margin declines. These are still ongoing and should be largely completed by the second half of fiscal 2027, with expected run-rate savings of about $70 million, representing about 30% of total operating expense reduction. While S&P believes these cost savings will support EBITDA margins and provide a buffer against near-term cash flow headwinds, the magnitude of the cost actions could introduce business disruption risk. In addition, S&P believes continued growth momentum for its Cloud Secure Edge and Managed Security Services products, along with existing Generation 6 customers migrating to the newer Generation 7/8 products, will help to stabilize recent top-line declines and facilitate growth acceleration to some degree. Execution risk remains, and near-term cash flow headwinds will persist as the company continues to restructure its business to improve profitability and reaccelerate top-line growth. While S&P believes the maturity extension and improved liquidity should provide some financial flexibility and runway for management to execute its plan, related one-time expenses and higher debt service costs could continue to pressure liquidity if operating performance remains weak. S&P said, "We forecast the company will burn $50 million-$60 million cash (after debt amortization) in fiscal 2027 and another $10 million-$20 million in fiscal 2028 before returning to positive generation in fiscal 2029 (ending Jan. 31, 2029, about one year before its debt maturity wall). This forecast reflects our belief that its revenue growth will start recovering from fiscal 2026 levels, but the speed and magnitude of recovery will hinge on execution amid evolving market competitive dynamics. We expect margins will improve as it realizes about $70 million in cost savings and related one-time expenses roll off gradually over the next 12-24 months. Debt service costs will total $100 million-$110 million, including additional debt service expenses from the new term loan and higher amortization schedule on the exchanged term loans. "Based on our expectation of business recovery, we believe the company should have adequate liquidity to weather near-term cash flow headwinds. "The stable outlook reflects our view that SonicWall has adequate liquidity over the next 12 months to meet its operating and debt servicing requirements. At the same time, we believe the company's elevated leverage and uncertain business execution to return to sustained revenue growth could make its long-term capital structure unsustainable. "We could lower the rating on SonicWall if we believe there is an increasing risk of a distressed transaction or default scenario within 12 months." This could happen if the company fails to return sustainable revenue growth due to execution challenges, disruption from its cost savings plan, or weaker customer demand due to competitive pressures, such that: -- Liquidity deteriorates faster than expected due to substantial cash burns and underperformance in revenue growth and EBITDA margin expansion; or - -It leads S&P's to believe there is increasing risk of distressed transactions over the next 12 months. While S&P views it as unlikely over the next 12 months, S&P could upgrade SonicWall if it: -- Demonstrates a steady path of growth recovery and retention improvement; -- Demonstrates sustained EBITDA margin expansions and positive cash flow generation after debt service (including debt amortization); and -- Is on track to improve leverage toward 8x. SOUND INPATIENT: Moody's Cuts CFR to Caa1 & Alters Outlook to Pos. ------------------------------------------------------------------ Moody's Ratings downgraded Sound Inpatient Physicians, Inc.'s ("Sound") corporate family rating to Caa1 from B3 and probability of default rating to Caa1-PD from B3-PD. Moody's also affirmed the ratings on the company's senior secured super priority first-out Tranche A term loan due 2028 at B2, senior secured super priority second-out Tranche B term loan due 2028 at Caa1, senior secured super priority third-out Tranche C term loan due 2029 at Caa3, senior secured super priority fourth-out Tranche D term loan due 2029 at Caa3. Moody's revised the outlook to positive from stable. The ratings downgrade follows the company's cancellation of the refinancing transaction that was expected to improve liquidity and simplify the company's capital structure. Governance considerations are material to the rating action. The cancellation of the refinancing transaction and presence of the post-debt exchange capital structure is indicative of a financial policy that remains aggressive and highlights execution and risk management challenges. RATINGS RATIONALE Sound's Caa1 corporate family rating is constrained by the company's post-debt exchange capital structure and the absence of a revolving credit facility. The rating is also constrained by the company's moderately high financial leverage, significant business concentration in hospital medicine, and the challenging operating environment in its core acute care outsourced physician services segment. In addition, the rating reflects Moody's concerns regarding the long-term sustainability of contribution margins in the accountable care organization (ACO) segment. Moody's expects leverage to remain elevated, with debt/EBITDA sustained in the 5x to 6x range over the next 12 to 18 months. While reported leverage for the last twelve months ended March 31, 2026 was approximately 4.7x, Moody's estimates normalized leverage at approximately 5.7x, reflecting the timing of ACO revenue recognition in 2025. The rating benefits from the company's leading position as a provider of outsourced hospitalist physician services, as well as other hospital-based physician specialties. The company renewed its focus on value-based care programs, with successful entry into Medicare Accountable Care Organization program. The rating is further supported by the fact that Sound is partially owned by Optum Health. Sound's liquidity is adequate. Liquidity is primarily supported by a sizeable cash balance. Sound had approximately $128 million in cash as of March 31, 2026. The company does not have a revolving credit facility. Moody's expects that Sound's free cash flow in the next 12 months will be positive partially helped by the PIK features on its term loans. The positive outlook reflects the potential for further improvement in free cash flow and EBITDA driven by continued growth in the ACO program. While the core acute care business remains subject to operating pressures, including reimbursement challenges and volume volatility, Moody's expects leverage to remain in the 5x–6x range over the next 12 months. The company's Tranche A term loan is rated B2, two notches above the Caa1 CFR, reflecting its relatively small size and the highest ranking within the capital structure. The Tranche A term loan benefits from first loss absorption provided by the presence of a significant amount of junior debt in the capital structure. The Tranche B term loan, which constitutes the bulk of the company's total debt, is rated Caa1 – on the same level as CFR. All other classes of debt, including the Tranche C term loan, Tranche D term loan, are rated Caa3, reflecting their deep subordination in the capital structure. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be downgraded if the company's performance deteriorates, probability of default increases, or the company's liquidity weakens. The ratings could be upgraded upon successful refinancing of the capital structure. The ratings could also be upgraded if operating performance and profitability continue to improve, and Sound continues to generate positive free cash flow, and cash balances increase sufficiently to mitigate its lack of external liquidity sources. Quantitatively, if debt to EBITDA is expected to be sustained below 6.5x, the ratings could be upgraded. Sound Inpatient Physicians, Inc., is a provider of physician services in acute, post-acute, emergency medicine, and intensivist facilities through its wholly-owned subsidiaries and affiliated companies. Sound's principal business is to provide hospitalist services to hospitals and health plans designed to improve the well-being of patients while reducing their associated costs through the management of medical care. Revenues for LTM 3/31/26 were approximately $2 billion. The company is primarily owned by private equity sponsor Summit Partners and Optum Health. The principal methodology used in these ratings was Business and Consumer Services published in February 2026. Sound's Caa1 CFR is three notches below the B1 scorecard-indicated outcome. The difference reflects Moody's views that the company's ratings are constrained by its post–debt exchange capital structure and the absence of a revolving credit facility. SPHERE 3D: Jialin Qu and Togetsu Trust Report 6.2% Stake -------------------------------------------------------- Jialin Qu and Togetsu Trust, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 1, 2026, Jialin Qu beneficially owns 476,490 Common Shares in the aggregate -- consisting of 5,564 Common Shares held directly by Mr. Qu (with sole voting and sole dispositive power) and 470,926 Common Shares held by the Togetsu Trust, of which Mr. Qu is a trustee with voting and dispositive control (with shared voting and shared dispositive power), with the beneficiaries of the Togetsu Trust being family members of Mr. Qu and Mr. Qu maintaining no pecuniary interest in the shares held by the Togetsu Trust; and Togetsu Trust directly beneficially owns 470,926 Common Shares with sole voting and sole dispositive power -- of Sphere 3D Corp.'s Common Shares, each representing 6.2% of the 7,639,893 Common Shares outstanding as of June 19, 2026, as provided by the Issuer. The Common Shares reported were acquired in exchange for shares of Cathedra Bitcoin Inc. in connection with the completed acquisition of Cathedra Bitcoin by Sphere 3D Corp. Jialin Qu and Togetsu Trust may be reached at: Jialin Qu 721 5th Avenue, 41E New York, NY 10022 A full-text copy of Jialin Qu's SEC report is available at https://tinyurl.com/45bt8388 About Sphere 3D Sphere 3D Corp. is a Stamford, Connecticut-based Company incorporated in Ontario, Canada, that operates a Bitcoin mining business. The Company began Bitcoin mining operations in January 2022 and seeks to grow an enterprise-scale mining operation through mining equipment procurement and service-provider partnerships. In an audit report dated March 27, 2026, MaloneBailey LLP included a going concern qualification, stating that Sphere 3D had suffered recurring losses from operations and did not expect to have sufficient cash on hand to fund operations. The conditions raised substantial doubt about the Company's ability to continue as a going concern. As of Dec. 31, 2025, the Company reported total assets of $25.12 million, total current liabilities of $1.80 million and total shareholders' equity of $23.30 million. STARCO BRANDS: Acquires Custom Bakehouse for $8M Plus Earnout ------------------------------------------------------------- Starco Brands, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 15, 2026, pursuant to a Membership Interest Purchase Agreement, the Company, through its newly formed and wholly-owned subsidiary Starco Manufacturing, LLC, a Nevada limited liability company, acquired all of the issued and outstanding capital stock of Custom Foods, LLC, a Delaware limited liability company, doing business as Custom Bakehouse, a highly strategic transaction that advances the Company's long-term vision of building a fully integrated consumer products platform. Under the terms of the Purchase Agreement, Starco Manufacturing acquired all of the outstanding securities of Custom Bakehouse for: (i) $8 million in closing cash and (ii) up to $2.5 million in earn-out consideration based on the base business achieving certain net revenue metrics during the calendar year ending Dec. 31, 2027, subject to a sliding scale as more fully described in the Purchase Agreement. Strategic Rationale The acquisition expands Starco's capabilities across powdered foods, nutritional blends, drink and hydration mixes, baking mixes, dry seasonings, and private-label manufacturing while creating meaningful manufacturing synergies for existing and future brands. Custom Bakehouse brings established customer relationships, private-label capabilities, and recognized consumer brands, including the Sticky Fingers brand and licensed Marie Callender's(R) baking mixes. Custom Bakehouse operates a 75,000-square-foot production facility located in Santa Fe Springs, California. Custom Bakehouse establishes an important foundation for Starco Manufacturing, the Company's new subsidiary expected to become one of its two primary operating pillars alongside Starco Brands, Inc. Over time, Starco Manufacturing is expected to encompass the Company's manufacturing assets, including The Starco Group. This brings the Company's vision to life: a diversified and vertically integrated manufacturing platform servicing both private labels and its own behavior-changing brands. The acquisition also supports future growth initiatives across the Company's nutrition and wellness portfolio, including expanded powder-based products and supplements. Management Commentary "Custom Bakehouse has spent more than three decades earning a reputation for deep formulation and manufacturing excellence, and that is exactly the kind of scale and capability we look for," said Ross Sklar, Chairman and Chief Executive Officer of Starco. "We have always believed that manufacturing is far more than production; it is a strategic asset, an innovation hub, and fuel for growth. Bringing Custom Bakehouse into Starco gives us direct control of more of the value chain, IP creation, manufacturing, and distribution and allows the Company to move fast across our portfolio. This is exactly the kind of acquisition we believe will compound value for our shareholders." Acquisition Financing On July 15, 2026, the Company entered into a Loan Agreement with Pasadena Private Lending Inc., a $400 million non-bank lender focused on lower middle market companies nationwide, providing for the following facilities: (i) an $11 million initial term loan, the proceeds of which were used primarily to fund a portion of the purchase price of the acquisition; (ii) up to $4 million of additional term loans under an accordion feature, subject to PPL's approval, in increments of $1 million with no more than four increases during the term; and (iii) a revolving line of credit of up to $3 million, available for draws during the earlier of the 24-month anniversary of the agreement or an event of default. All obligations under the term loan, accordion loans, and line of credit are cross-defaulted and cross-collateralized. The loans are guaranteed by Ross Sklar, Starco's Chief Executive Officer, and various family trusts, and are secured by pledges of equity interests, security interests in substantially all personal property of the borrowers, and related security documents. The Borrowers are subject to financial covenants including a Maximum Senior Debt to EBITDA Ratio of no greater than 3.00x and a Fixed Charge Coverage Ratio of at least 2.00x, measured quarterly. A non-refundable closing fee equal to 2.0% of the initial $11 million term loan amount ($220,000) was paid at closing. "We were pleased to finance this acquisition for Starco. We admire their vertical integration model and are supportive of this transformative acquisition," said Iain Whyte, Chairman & CEO of PPL. Related Party Notes and Subordination In connection with the Loan Agreement, Starco Brands and Ross Sklar amended and restated the Consolidated Secured Promissory Note originally issued in favor of Mr. Sklar on August 11, 2023, into that certain Amended and Restated Secured Convertible Promissory Note dated July 15, 2026, which, among other things: (i) provides that the outstanding balance under the Restated Note may, at the option of the holder, convert into Class A common stock of Starco, and (ii) expressly subjects the Restated Note to the terms and conditions of the Subordination Agreement. In addition, Mr. Sklar's rights under the Restated Note and The Starco Group, Inc.'s rights under the Bridge Loan Note were subordinated to PPL's rights under the Loan Agreement pursuant to a Subordination Agreement dated July 15, 2026. Craig Hallum, the investment banker, represented the seller. The full-text copies of the Purchase Agreement, Loan Agreement, Restated Note, and Subordination Agreement are available at https://tinyurl.com/4ejuk55h, https://tinyurl.com/5n7a4hbt, https://tinyurl.com/59nujrfa, and https://tinyurl.com/rbnmwwbv, respectively. About Custom Bakehouse For over thirty years, Custom Bakehouse has been creating premier powder and baking mixes that set the standard in organic and better-for-you products. Busy consumers love the convenience of the company's lines of delicious mixes, including Marie Callender's Corn Bread and Sticky Fingers Bakeries. Custom Bakehouse also specializes in private label manufacturing for wholesale and retail customers, earning a stellar reputation for formulating, packaging, and dry-blending of premium baking mixes, drink mixes, spice and seasoning blends, and batter and breading. About Starco Brands Santa Monica, Calif.-based Starco Brands, Inc. (OTCQB: STCB) -- starcobrands.com -- invents consumer products with behavior-changing technologies that spark excitement. Starco Brands identifies whitespaces across consumer product categories. Starco Brands publicly trades on the OTCQB stock exchange so that retail investors can invest in STCB alongside accredited individuals and institutions. Irvine, California-based Macias, Gini, and O'Connell LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated April 14, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has a working capital deficit of approximately $1.4 million and an accumulated deficit of approximately $102.3 million at Dec. 31, 2025, including the impact of its net loss of approximately $20.7 million for the year ended Dec. 31, 2025. As of March 31, 2026, the Company had $35.87 million in total assets, $22.25 million in total liabilities, and $13.62 million in total stockholders' equity. START TO FINISH: Unsecureds Will Get 10% of Claims over 36 Months ----------------------------------------------------------------- Start to Finish Installations, LLC, filed with the U.S. Bankruptcy Court for the Middle District of Pennsylvania a Plan of Reorganization dated July 9, 2026. The Debtor began business on September, 2013 and is a Pennsylvania limited liability company operating a playground installation business. The Debtor originally had two members when it was formed. At that time, Jeromy Snyder, the current member, had a fifty percent interest in the Debtor. In June, 2022, Mr. Snyder became the 100% member of the Debtor. The Debtor did not have a line of creditor or normal financial financing. In 2025, because of a slowdown in business, the Debtor borrowed funds from a Merchant Cash Advance Company. Because the weather in 2025 and 2026 was harsh, and construction was even slower, the Debtor continued to borrow additional funds from one or more MCA's at various times. The MCA's required considerable funds, mostly through automatic weekly and monthly payments. This greatly harmed the Debtor's cash flow. When the Debtor could not keep up with the MCA payments, the Debtor determined it was necessary to file Chapter 11. The Debtor believes that its business will increase and is already seeing an increase in the market with respect to commercial building. As a result, the Debtor will continue to maintain its specialty construction business and solicit new business. The Debtor, therefore, believes it will be able to successfully reorganize. Class 10 consists of General Unsecured Creditors. Beginning six months after the Effective Date, the general unsecured creditors in Class 10 shall be paid ten percent of each allowed Class 10 Claim, payable in thirty-six equal monthly installments. Class 11 consists of Equity Holder. The equity interest of the Debtor is held by Jeromy Snyder, who is the sole member and holds 100% of the membership interest in the Debtor. The Equity Holder will continue to hold the equity subsequent to the Effective Date of the Plan. As of the Effective Date, the Debtor retains the right to cancel the equity and issue new equity in the same percentages as exist pre-Petition. The Debtor will continue to operate its playground installation business. The Debtor is seeking additional clients and major installations which it hopes will be added and therefore the revenue of the Debtor may be higher. Under the Plan, the Debtor provides for distributions to creditors of disposable income over the three years after the Effective Date. If necessary, and as may be required in a non-consensual Plan, the disposable income will be submitted to the Subchapter V Trustee for distributions under the Plan. As set forth in the Plan, the payments to the secured creditors and the unsecured creditors shall total approximately $5,321.00 on a monthly basis. The Debtor believes it has sufficient cash flow, as set forth in the Projections, to fund the Plan. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=U1Ae1i from PacerMonitor.com at no charge. Counsel to the Debtor: Robert E. Chernicoff, Esq. Joseph M. Kanfer, Esq. CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C. 2320 North Second Street P. O. Box 60457 Harrisburg, PA 17106-0457 Telephone: (717) 238-6570 About Start to Finish Installations Start to Finish Installations LLC is a corporation with 1-49 creditors. It operates as a small business with debts primarily related to business activities and is classified under "Other" for its nature of business. Start to Finish Installations sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Pa. Case No. 4:26-bk-01055) on Apr 17, 2026. At the time of the filing, the Debtor had estimated assets of between $100,001 to $500,000 and liabilities of between $500,001 to $1 million. Cunningham, Chernicoff & Warshawsky, P.C., is the Debtor's legal counsel. STONEBRIDGE GOLF: Seeks Approval to Hire M Singh CPA as Accountant ------------------------------------------------------------------ Stonebridge Golf Holdings LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ M Singh CPA PC as accountant. The firm will render these services: (a) prepare the Debtor's federal and New Jersey state tax returns, if necessary; (b) assist the Debtor in connection with preparing and filing of monthly operating reports; (c) assist the Debtor with preparing such analyses as it may request to assist in connection with its negotiations, meetings, and telephone conferences with creditors or other parties; and (d) perform such other financial services for the Debtor, as may be necessary and appropriate herein. The firm's professionals will be paid at these hourly rates: Managing Director $150 Associate $50 The firm represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged. The firm can be reached at: M Singh CPA PC 3 Allison Way Princeton, NJ 08540 About Stonebridge Golf Stonebridge Golf Holdings LLC operates Stonebridge Golf & Country Club, a 902-acre golf and residential community in Albany, Georgia, featuring an 18-hole golf course, clubhouse, banquet and dining facilities, tennis courts, pool, fitness center and event venues, while affiliated Stonebridge Land Development LLC owns and markets residential lots within the surrounding master-planned golf community. Stonebridge Golf concurrently filed for relief under Chapter 11 of the Bankruptcy Code (Case No. D.N.J. 26-17727). In its petition, the Debtor reported total assets of $4,000,000 and total liabilities of $1,025,824. The petition was signed by Brijendera Singh as member. The Hon. Michael B. Kaplan presides over the cases. The Debtor tapped Trenk Isabel Siddiqi & Shahdanian PC as counsel and M Singh CPA PC as accountant. STONEBRIDGE GOLF: Taps Trenk Isabel Siddiqi & Shahdanian as Counsel ------------------------------------------------------------------- Stonebridge Golf Holdings LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Trenk Isabel Siddiqi & Shahdanian PC as counsel. The firm will render these services: (a) advise the Debtor with respect to its power, duties and responsibilities in the continued management of the financial affairs; (b) advise the Debtor with respect to preparing and obtaining approval of a Disclosure Statement and Plan of Reorganization; (c) prepare on behalf of the Debtor, as necessary, legal documents; (d) appear before this Court and other officials and tribunals, if necessary, and protect the interests of the Debtor in federal, state and foreign jurisdictions and administrative proceedings; (e) negotiate and prepare documents relating to the use, reorganization and disposition of assets, as requested by the Debtor; (f) negotiate and formulate a Disclosure Statement and Plan of reorganization; (g) advise the Debtor concerning the administration of its estate; and (h) perform such other legal services for the Debtor. The firm's hourly rates are as follows: Partners $475 - $775 Richard Trenk, Shareholder $775 Robert Roglieri, Partner $525 Associates $335 - $375 Stephen Gengaro, Associate $375 Law Clerks $250 Paralegals and Support Staff $250 - $325 In addition, the firm will seek reimbursement for expenses incurred. Mr. Trenk 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: Richard D. Trenk, Esq. Trenk Isabel Siddiqi & Shahdanian PC 290 W. Mt. Pleasant Ave., Suite 2370 Livingston, NJ 07039 Telephone: (973) 533-1000 Email: rtrenk@tisslaw.com About Stonebridge Golf Stonebridge Golf Holdings LLC operates Stonebridge Golf & Country Club, a 902-acre golf and residential community in Albany, Georgia, featuring an 18-hole golf course, clubhouse, banquet and dining facilities, tennis courts, pool, fitness center and event venues, while affiliated Stonebridge Land Development LLC owns and markets residential lots within the surrounding master-planned golf community. Stonebridge Golf concurrently filed for relief under Chapter 11 of the Bankruptcy Code (Case No. D.N.J. 26-17727). In its petition, the Debtor reported total assets of $4,000,000 and total liabilities of $1,025,824. The petition was signed by Brijendera Singh as member. The Hon. Michael B. Kaplan presides over the cases. The Debtor tapped Trenk Isabel Siddiqi & Shahdanian PC as counsel and M Singh CPA PC as accountant. STRUCTURE INDUSTRIES: Plan Exclusivity Period Extended to Sept. 16 ------------------------------------------------------------------ Judge Sheryl P. Giugliano of the U.S. Bankruptcy Court for the Eastern District of New York extended Structure Industries Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 16 and Nov. 16, 2026, respectively. In a court filing, the Debtor explains that it is unlikely that the Debtor will be able to formulate and submit a Plan of Reorganization until it can demonstrate its operations that have just commenced its busier season as the Debtor's business is to some degree seasonable as much projects do not start in the winter months. The Debtor claims that to allow competing plans at this stage of the case would lead to unnecessary situations that could adversely affect the value of the Debtor's assets. Such a scenario could jeopardize the recoveries to creditors in this chapter 11 case. The Debtor states that it deserves a realistic chance to propose, negotiate, and seek acceptance of a chapter 11 plan. Therefore, the Debtor's request for an extension of the exclusive periods is necessary and appropriate, and should be granted. Structure Industries, Inc. is represented by: Marc A. Pergament, Esq. WEINBERG, GROSS & PERGAMENT LLP 400 Garden City Plaza, Suite 309 Garden City, NY 11530 Tel: (516) 877-2424 Fax: (516) 877-2460 E-mail: mpergament@wgplaw.com About Structure Industries Structure Industries, Inc., sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70679) on Feb. 18, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Sheryl P. Giugliano presides over the case. Marc A Pergament, at Weinberg, Gross, & Pergament, LLP, is the Debtor's counsel. SWIFTSHIPS LLC: Seeks to Extend Plan Exclusivity to Sept. 14 ------------------------------------------------------------ Swiftships, LLC asked the U.S. Bankruptcy Court for the Western District of Louisiana to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 14 and Nov. 13, 2026, respectively. The Debtor explains that for a number of reasons, cause exists to grant its request for a 90-day extension of the Exclusivity Periods. First, this case is complex because it involves a shipbuilding facility with numerous domestic and international civil and military customers. These complexities require the Debtor and its advisors to focus on specific issues when formulating a Chapter 11 plan. At the same time, the Debtor has worked and is working with the Committee to formulate a joint plan of reorganization (or at very least one with heavy input and consent by the Committee). Second, this is the Debtor's first request for an extension of the Exclusivity Periods. Because of the complexity of this case, an extension of the Exclusivity Periods will give the Debtor sufficient and much needed time to continue negotiating terms of a Chapter 11 plan of reorganization with its stakeholder and memorialize the terms of both a plan and disclosure statement. Third, the Debtor's purpose in seeking extension of the Exclusivity Periods is a good-faith effort to continue the reorganization efforts it has initiated without the distraction and costs of a competing plan process, which would be a distraction and waste of the Debtor's limited time and resources. The relief requested in the Motion is not intended for the purpose of coercing or strong-arming any creditor, but rather to benefit all of the Estate's stakeholders as a whole. Moreover, an extension of the Exclusivity Periods will not result in prejudice to any creditor or party-in-interest, and instead, will enable the Debtor to continue focusing on preserving and enhancing its going-concern value and proposing a viable, fair, and comprehensive plan that is (ideally) supported by all major constituents. Such a result is clearly in the best interest of the Estate. Fourth, the Debtor is paying its bills as they become due, the Debtor has displayed a willingness to accommodate and negotiate with its various stakeholders, and the Debtor's actions have shown that the Debtor have a reasonable prospect of generating a viable plan. As such, those factors also weigh in favor of granting the Debtor an extension of the Exclusivity Periods. In sum, the Debtor has made a good-faith attempt to formulate a viable plan to restructure its operations and its financial status. Those diligent, good faith efforts by the Debtor are ongoing, and the Debtor continues to work hard to complete negotiations with all major stakeholders and finalize the terms for a realistically confirmable plan of reorganization that is in the best interests of all parties. The Debtor asserts that with this extension, the company plans to take its negotiations and discussions with stakeholders to the next stage with the end goal of bringing forth a globally beneficial result for all stakeholders under a consensual Chapter 11 plan. Swiftships, LLC is represented by: Ryan J. Richmond, Esq. Sternberg, Naccari & White, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Telephone: (225) 412-3667 Facsimile: (225) 286-3046 E-mail: ryan@snw.law About Swiftships, LLC Swiftships, LLC designs, builds and supports military and commercial vessels, providing shipbuilding, engineering, system integration, co-production, maintenance, repair and overhaul, and service life extension services for naval and government clients worldwide. Founded in 1942 and based in Chantilly, Virginia, the company has constructed more than 1,000 vessels and provides life-cycle sustainment, follow-on technical support and autonomous solutions to more than 50 operators, with capabilities that include transfer-of-technology, transfer-of-production and fleet management support. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-50237) on March 18, 2026. In the petition signed by Shahraze Shah, manager, the Debtor disclosed $43,004,524 in assets and $26,087,683 in liabilities. Judge John W Kolwe oversees the case. Ryan J. Richmond, Esq., at STERNBERG, NACCARI & WHITE, LLC, is the Debtor's legal counsel. SYSTEMATIC AUDIO: Soleymani, et al., Win Bid for Stay Relief ------------------------------------------------------------ Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western District of North Carolina, Statesville Division, granted David Soleymani and Krubim 26 International, Inc. d/b/a WoofersEtc's (the "State Court Plaintiffs") motion for relief from automatic stay in the adversary proceeding captioned as Systematic Audio, LLC, Plaintiff, v. Blue Building, LLC, Krubim 26 International, Inc. d/b/a WoofersEtc, David Soleymani, Joshua Soleymani, and Daniel Soleymani, Defendants, Adversary Proc. No. 26-05001 (LTB) (Bankr. W.D.N.C.). The Debtor's motion to extend stay to non-debtor and for injunctive relief is denied. The Motion for Relief from Stay On May 4, 2023, the State Court Plaintiffs initiated litigation against Defendants Jacob Fuller and Sundown Audio, LLC in the General Court of Justice, Superior Court Division, of Catawba County, bearing Catawba County File No. 23CVS001091-170 (the "State Court Action"). The Debtor and non-debtor Scottie Johnson ("Johnson") were subsequently added as parties to the State Court Action. The jury trial of the State Court Action began on April 27, 2026. At the conclusion of a three-week jury trial, the jury rendered verdicts in favor of the State Court Plaintiffs on almost all issues. The jury found Johnson liable for tortious interference with contract, fraud, and the commission of an unfair and deceptive trade practice ("UDTPA") in violation of N.C. Gen. Stat. Sec. 75-1.1, et. seq. Based upon a stipulation between the Debtor and Johnson, it appears the state court was to enter judgment against the Debtor and Johnson, jointly and severally. No explanation was provided to the court regarding the Debtor's entry into the stipulation, and this court questioned why the Debtor would have agreed to such a stipulation. The jury awarded compensatory damages of $5,369,297.50 against Johnson for fraud, tortious interference with contract, and the commission of unfair and deceptive trade practices and also awarded punitive damages against him premised on the aggravating factors of fraud and malice in the amount of $16,107,897.50. On June 4, 2026, the State Court Plaintiffs submitted a proposed judgment to the state court. Judge Poovey allowed Johnson and the Debtor until June 9, 2026, to provide comments. The Debtor filed its Chapter 11 petition on June 9 before providing its comments to the state court, so a judgment has not been entered. The State Court Plaintiffs filed the instant Motion for Relief from Stay to allow Judge Poovey to enter judgment on the jury verdicts in the State Court Action and to entertain and rule on any post-trial motions. The Bankruptcy Court finds sufficient "cause" exists to lift the automatic stay to allow Judge Poovey, subject to the terms and conditions of this Order, to enter final judgment, rule on post-trial motions, including motions for judgment notwithstanding the verdict, determine any award of attorneys' fees and costs, and permit any appeals in the State Court Action to proceed. According to the Bankruptcy Court, judicial economy is best served by permitting Judge Poovey to resolve the limited matters remaining in the State Court Action. The Bankruptcy Court says allowing Judge Poovey to liquidate the State Court Plaintiffs' claims will not prejudice the Debtor's estate or other creditors because this court retains exclusive control over the administration of the estate and the enforcement of the automatic stay. Motion to Extend Stay to Non-debtor and for Injunctive Relief Johnson has not filed for bankruptcy, and therefore the automatic stay is not applicable to proceedings against him. The Bankruptcy Court concludes that the "unusual circumstances" exception is inapplicable because Johnson's liability to the State Court Plaintiffs is direct and primary, rather than derivative of the Debtor's liability. Although the Debtor has begun its reorganization efforts and those efforts appear to have been successful thus far, the Bankruptcy Court cannot conclude, at this early stage of the Chapter 11 case, that the Debtor has demonstrated a likelihood of a successful reorganization. Accordingly, this Court concludes the Debtor has not satisfied its burden of establishing entitlement to the extraordinary remedy of injunctive relief. A copy of the Court's Order dated July 20, 2026, is available at https://urlcurt.com/u?l=UihKsT from Pacermonitor.com. About Systematic Audio LLC Systematic Audio, LLC, doing business as Sundown Audio, is a Newton, North Carolina-based manufacturer of car audio equipment, including subwoofers, amplifiers, speakers, and related audio products. Systematic Audio, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C Case No. 26-50236) on June 9, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Laura T. Beyer handles the case. The Debtor tapped Eric Steven Goodheart, Esq., at DLA Piper LLP (US) as counsel and Epiq Corporate Restructuring, LLC as claims and noticing agent. TAWR PROPERTY: Plan Exclusivity Period Extended to Aug. 14 ---------------------------------------------------------- Judge Edward L. Morris of the U.S. Bankruptcy Court for the Northern District of Texas extended Tawr Property Owner, Ltd. and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 14 and Oct. 13, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that the decision of whether to grant an extension of exclusivity lies within the Court's discretion. Here, these factors warrant the requested extension of exclusivity for the following reasons: * The Bankruptcy Cases are complex chapter 11 cases pending on the Court's mega docket and involve enhanced complexity and difficulty; * The Debtors entered into and continue to engage in good faith, arm's length negotiations with creditors and stakeholders; * The Debtors have made positive progress towards reaching confirmable plans of reorganization; * The Debtors are paying their ordinary course expenses as they come due and have remained substantially current on all post petition obligations; * The Debtors have demonstrated reasonable prospects for an effective reorganization by welcoming negotiations with creditors and stakeholders; and * The Debtors are not seeking this extension to pressure creditors, but rather seek this extension to be able to propose and confirm plans that will provide a larger dividend to creditors than liquidation. Counsel to the Debtors: Davor Rukavina, Esq. Garrick C. Smith, Esq. Jonathan S. Petree, Esq. MUNSCH HARDT KOPF & HARR, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201-6659 Telephone: (214) 855-7500 E-mail: drukavina@munsch.com gsmith@munsch.com jpetree@munsch.com About TAWR Property Owner TAWR Property Owner, Ltd., and affiliates are real estate entities involved in the ownership, investment, and management of multifamily residential developments in Texas, including Tacara-branded apartment projects in the San Antonio and Pflugerville areas. The entities operate as property owners, general partners, holding companies, and investment partnerships structured to develop, own, and manage residential real estate assets. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 26-90162) on Feb. 3, 2026. In the petition signed by Darren B. Casey, as authorized representative, TAWR Property Owner reported assets of between $50 million and $100 million and liabilities of between $10 million and $50 million. Judge Edward L. Morris oversees the cases. The Debtors tapped Davor Rukavina, Esq., at Munsch Hardt Kopf & Harr, P.C., as general bankruptcy counsel. TEL INSTRUMENT: CBIZ Flags Going Concern Risk Amid Cash Shortfall ----------------------------------------------------------------- Tel-Instrument Electronics Corp. filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, with the Securities and Exchange Commission. The audited report contains a blunt warning: conditions exist that raise substantial doubt about its ability to continue as a going concern. The Company recorded a net loss of $4,901,093 for the year ended March 31, 2025, as compared to a net income of $341,891 for the year ended March 31, 2024. For the year ended March 31, 2025, sales increased $487,305 (5.5%) to $9,296,392 as compared to $8,809,087 for the year ended March 31, 2024. Going Concern Marlton, New Jersey -based CBIZ CPAs P.C., the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 30, 2026, attached to the Company's Annual Report, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2025, the Company had a significant accumulated deficit of $10,908,051. For the year ended March 31, 2025, the Company had a loss from operations of approximately $2,346,262 and negative cash flows from operations of approximately $440,926. While the Company had a working capital surplus for the same period of $1,841,426, the Company's operating activities consume most of its cash resources. The Company had $121,587 of cash on hand and $645,346 of accounts receivable at year-end. On March 31, 2026, the Company had $250,162 cash on hand and $1,106,683 of accounts receivable. On June 29, 2026, the Company had $110,503 cash on hand and $308,622 of accounts receivable. The Company expects to report continued operating losses of $849,189 for the year ended March 31, 2026. Going forward with large Navy and NATO booked orders, internal reorganization right-sizing, and preferred stock issuance, the Company expects to have income from operations. The Company's ability to continue as a going concern will be dependent upon its ability to execute on its business plan and its ability to raise additional capital. Although no assurances can be given as to the Company's ability to deliver on its revenue plans or that unforeseen expenses may arise, management has evaluated the significance of the conditions as of the filing date and has concluded that it will not have sufficient cash and cash equivalents to satisfy its anticipated cash requirements for the next 12 months from the issuance of these consolidated financial statements. These plans were therefore determined not to be sufficient to overcome the presumption of substantial doubt about the Company's ability to continue as a going concern within the next 12 months. A full-text copy of the annual report is available at https://tinyurl.com/4tve9kv8 About Tel-Instrument Tel-Instrument Electronics Corp. has been in business since 1947 and is based in East Rutherford, N.J. The Company is a designer and manufacturer of avionics test and measurement instruments for the global, commercial air transport, general aviation, and government/military defense markets. Tel provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment. As of March 31, 2026. the Company had $6,144,427 in total assets, $4,156,666 in total liabilities, and $1,987,761 million in total shareholders' equity. TFH FITNESS: Seeks Approval to Tap Frank B. Lyon as Legal Counsel ----------------------------------------------------------------- TFH Fitness, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Law Offices of Frank B. Lyon as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and management of its property; (b) advise the Debtor of its responsibilities under the Bankruptcy Code and assist with such; (c) amend voluntary petition and other paperwork necessary to complete this proceeding; (d) assist the Debtor in preparing and filing the required Schedules, Statement of Affairs, Monthly Financial Reports, the Initial Debtor Report and other documents required by the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Local Rules of this Court and the administrative procedures of the Office of the United States Trustee; (e) represent the Debtor in connection with adversary proceedings and other contested and uncontested matters, both in this Court and in other courts of competent jurisdiction, concerning any and all matters related to these bankruptcy proceedings and its financial affairs; (f) represent the Debtor in the negotiation and documentation of any sales or refinancing of property of the estate, and in obtaining the necessary approvals of such sales or refinancing by this Court; (g) assist the Debtor in the formulation of a plan of reorganization, and in taking the necessary steps in this Court to obtain confirmation of such plan of reorganization; and (h) work with the Subchapter V Trustee to try and achieve a consensual plan of reorganization. The firm's standard billing rates are as follows: Frank Lyon, Attorney $525 Legal Assistants $135 - $225 In addition, the firm will seek reimbursement for expenses incurred. Pre-petition, the Debtor paid the firm the sum of $16,738. Mr. Lyon disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Frank B. Lyon, Esq. Law Offices of Frank B. Lyon 3800 North Lamar Boulevard, Suite 200 Austin, TX 78756 Telephone: (512) 345-8964 Facsimile: (512) 697-0047 Email: frank@franklyon.com About TFH Fitness LLC TFH Fitness, LLC operates The Field House Gym fitness facilities in Temple and Harker Heights, Texas. The gym provides fitness training and trainer coaching for members, with its Harker Heights facility emphasizing strength training and a weightlifting-focused environment. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11084) on June 5, 2026. In the petition signed by Timothy Koenitzer, managing member, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Shad M. Robinson oversees the case. Frank B. Lyon, Esq., represents the Debtor as legal counsel. TIBERTI COMPANY: Taps Andersen Beede Weisenmiller as Legal Counsel ------------------------------------------------------------------ The Tiberti Company, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Andersen Beede Weisenmiller to serve as legal counsel. The firm will provide these services: (a) advise Debtor with respect to its powers and duties as a debtor and debtors-in-possession in the continued management and operation of its business and property; (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 the legal and administrative requirements of operating in Chapter 11; (c) take all necessary action to protect and preserve the bankruptcy estate; (d) prepare on behalf of Debtor all motions, applications, answers, orders, reports, and papers necessary to the administration of the estate; (e) negotiate and prepare on Debtor's behalf plan(s) of reorganization, disclosure statement(s), and all related agreements and/or documents and take any necessary action on behalf of Debtor to obtain confirmation of such plan(s); (f) advise Debtor in connection with any sale of assets; (g) appear before this Court, any appellate courts, and the U.S. Trustee, and protect the interests of the bankruptcy estate before such courts and the U.S. Trustee; and (h) perform all other necessary legal services and provide all other necessary legal advice to Debtor in connection with its Chapter 11 case. The firm will be paid at these hourly rates: Ryan A. Andersen, Esq. $690 Mike Beede, Esq. $650 Mark M. Weisenmiller, Esq. $650 Tali Frey, Esq. $350 paralegals $195 Andersen Beede Weisenmiller 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: Ryan A. Andersen, Esq. Tali J. Frey, Esq. ANDERSEN BEEDE WEISENMILLER 3199 E Warm Springs Rd, Ste 400 Las Vegas, NV 89120 Telephone: (702) 522-1992 Facsimile: (702) 825-2824 E-mail: ryan@abwfirm.com tali@abwfirm.com About The Tiberti Company, LLC The Tiberti Company LLC, doing business as Tiberti Fence Company, offers fencing products and installation services across Nevada, serving residential, commercial, and industrial customers. Based in Las Vegas and holding an AB Unlimited License as a full-phase general contractor, the Company specializes in ornamental iron, chain link fencing, and custom-built iron. Tiberti Fence Company operates as part of the wider Tiberti organization, which has a history in construction projects including hotels, gaming facilities, schools, reservoirs, museums, and civic buildings. The Tiberti Company LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-15112) on August 29, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by Matthew C. Zirzow, Esq. at LARSON & ZIRZOW, LLC. TIGER CAPITAL: Seeks to Hire Scordato Law as Bankruptcy Counsel --------------------------------------------------------------- Tiger Capital Corporation, doing business as Milkvue, seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Scordato Law, PLLC as counsel. The firm will render these services: (a) take all actions necessary to protect and preserve the Debtor's bankruptcy estate; (b) undertake, in conjunction as appropriate with special litigation counsel, the defense of any action commenced against the Debtor, negotiations concerning litigation in which it is involved, objections to claims filed against it in this bankruptcy case, and the compromise or settlement of claims. (c) prepare the necessary legal papers required from the Debtor in connection with the administration of this case. (d) negotiate with creditors concerning a Chapter 11 plan, prepare a Chapter 11 plan (and disclosure statement, if necessary), and related documents, and take the steps necessary to confirm and implement the proposed plan of reorganization; and (e) provide such other legal advice or services as may be required in connection with the Chapter 11 case. Scordato Law, PLLC received a prepetition retainer of $11,800 from the Debtor. Kathryn Scordato, Esq., an attorney at Scordato Law, 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: Kathryn Scordato, Esq. Scordato Law, PLLC P.O. Box 1962 Seattle, WA 98111 Telephone: (206) 223-9595 Email: kathryn@scordatolaw.com About Tiger Capital Corporation Tiger Capital Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-41500) on May 19, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Mary Jo Heston oversees the case. Kathryn Scordato, Esq., at Scordato Law, PLLC serves as the Debtor's counsel. TIMOTHY JOSEPH BOYD: Court Narrows Claims in W. Carly Reynolds Case ------------------------------------------------------------------- Judge John T. Laney, III, of the U.S. Bankruptcy Court for the Middle District of Georgia denies Timothy Boyd's renewed motion to dismiss as to Count I and grants the motion as to Count III and dismisses the claim with prejudice in the amended complaint in the adversary proceeding captioned as W. CARL REYNOLDS, PC d/b/a REYNOLDS, HORNE & SURVANT Plaintiff, v. TIMOTHY JOSEPH BOYD Defendant, Adversary Proceeding No. 26-5002 (Bankr. M.D. Ga.). This matter comes before the Court on a renewed motion to dismiss filed by the Defendant, Timothy Boyd. The Defendant argues that the amended complaint filed by the Plaintiff, W. Carl Reynolds, PC, amending Counts I and III again fails to state a claim under which relief can be granted. This Court disagrees as to Count I but agrees as to Count III. The Defendant moves the Court to dismiss Count I of the Plaintiff's complaint contending that the facts as pled do not support a claim for nondischargeablity. The Plaintiff's amended complaint states: The Thompson complaint was filed on February 2020 by the Debtor, but the status of the Thompson case was never changed to "litigation" in the case management system. Two paralegals that left the firm with the Debtor were the only paralegals that had worked on the cases for which the Debtor was the responsible attorney. Because the status of the Thompson file had not been changed to "litigation", there was no means for RHS to determine that it was in litigation at the time of the June 15, 2020 letter other than through a manual review of each of the files in the firm's possession. Accordingly, RHS justifiably relied on the representation of the Debtor in his June 15, 2020 letter that it identified all cases then in litigation taken by him in not including that case in the agreement. In this case, the parties sufficiently pled a claim under Sec. 523(a)(2)(A). According to the Court, the Plaintiff adequately pled that the Defendant's failure to change the status of the case in the firm's database and subsequent omission of the Thompson case from his letter formed the basis of the Plaintiff's justifiable reliance on the Defendant's representation. The Court, therefore, will not dismiss Plaintiff's Count I. The Defendant also moves the Court to dismiss Count III of the Plaintiff's complaint. Count III of the Plaintiff's complaint alleges that the Defendant had a fiduciary duty to the Plaintiff because their correspondence created a trust making the debt nondischargeable under Sec. 523(a). In an attempt to cure these deficiencies, the Plaintiff inserts paragraph 32(a) into its complaint, which includes facts that it was the parties' "intention" to create a trust and that the Defendant would hold the funds and then disperse the funds upon collection of a settlement. The amended complaint, however, still fails to plead, and the letter agreements do not contain any facts that support, the allegation that the Defendant was to segregate the funds or that the Defendant had a duty to refrain from using the settlement funds for a non-trust purpose required by the Eleventh Circuit to form a trust. This Court finds that a trust has not been alleged to and dismisses Count III. A copy of the Court's Memorandum Opinion dated July 20, 2026, is available at https://urlcurt.com/u?l=RS1XtJ from Pacermonitor.com. Timothy Boyd filed for Chapter 11 bankruptcy protection (Bankr. M.D. Ga. Case No. 25-51694) on Oct. 23, 2025. TITAN ENGINEERS: Retains Greenbaum Rowe Smith & Davis as Counsel ---------------------------------------------------------------- Titan Engineers, PC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Greenbaum Rowe Smith & Davis LLP to serve as legal counsel in its Chapter 11, Subchapter V case. The firm's proposed hourly rates are: Nancy Isaacson, Esq., partner $640 associates $360 to $465 paralegals $250 to $275 Greenbaum Rowe Smith & Davis LLP is a "disinterested person" under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Nancy Isaacson, Esq. GREENBAUM ROWE SMITH & DAVIS LLP 75 Livingston Ave, Suite 301 Roseland, NJ 07068-3701 Telephone: (973) 535-1600 E-mail: nisaacson@greenbaumlaw.com About Titan Engineers PC Titan Engineers PC is a structural and consulting engineering firm based in Union, New Jersey. Founded in 2005, the company provides structural design, investigation, evaluation, and forensic engineering services for commercial, residential, and infrastructure-related projects. Its work includes engineering support for steel and concrete buildings, office complexes, retail facilities, and earth-retention systems, serving developers, consultants, contractors, and project managers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-17823) on July 7, 2026, with $983,667 in assets and $10,223,112 in liabilities. Nicholas C. Wong, president and owner, signed the petition. Nancy Isaacson, Esq., at Greenbaum, Rowe, Smith & Davis, LLP represents the Debtor as legal counsel. TLC PHYSICAL: Case Summary & Nine Unsecured Creditors ----------------------------------------------------- Debtor: TLC Physical Therapy of Rockland PC 1 Sheilah CT Suffern, NY 10901 Business Description: TLC Physical Therapy of Rockland P.C. provides physical therapy and rehabilitation services, including in-clinic and in-home treatment, sports and pediatric therapy, telehealth, pain-management programs and customized home-exercise plans. Based in Suffern, New York, the practice also supplies orthopedic braces and other durable medical equipment. It serves patients across Suffern, Spring Valley, Monsey and surrounding Rockland County communities. Chapter 11 Petition Date: July 19, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-22715 Judge: Hon. Sean H. Lane Debtor's Counsel: H Bruce Bronson, Esq. BRONSON LAW OFFICES PC 480 Mamaroneck Ave. Harrison, NY 10528 Tel: (914) 269-2530 Fax: (888) 908-6906 E-mail: hbbronson@bronsonlaw.net Total Assets: $185,784 Total Liabilities: $1,638,300 The petition was signed by Zvi Sternberg as owner and president. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D5JNEKY/TLC_PHYSICAL_THERAPY_OF_ROCKLAND__nysbke-26-22715__0001.0.pdf?mcid=tGE4TAMA TLC PHYSICAL: Commences Chapter 11 Bankruptcy in New York --------------------------------------------------------- On July 19, 2026, TLC Physical Therapy of Rockland PC sought Chapter 11, Subchapter V bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York, Poughkeepsie Division. According to its petition, the Debtor reported between $1 million and $10 million in liabilities owed to 1 to 49 creditors. Court sets January 15, 2027 deadline for Small Business Chapter 11 Plan and Disclosure Statement. About TLC Physical Therapy of Rockland PC TLC Physical Therapy of Rockland PC is a Suffern, New York-based provider of physical therapy and rehabilitation services. The practice specializes in outpatient rehabilitation, pediatric physical therapy, home-based care, and durable medical equipment, with clinical locations in Suffern and Airmont. It continues to participate in the Medicare program under the leadership of President Zvi Sternberg. TLC Physical Therapy of Rockland PC filed under Chapter 11, Subchapter V of the U.S. Bankruptcy Code (Bankr. Case No. 26-22715) on July 19, 2026. The petition lists estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The bankruptcy case is assigned to The Honorable Sean H. Lane. The Debtor is represented by H. Bruce Bronson, Jr., Esq., of Bronson Law Offices, P.C. TONIX PHARMACEUTICALS: CMO Dr. Sullivan to Retire Effective Aug. 20 ------------------------------------------------------------------- Tonix Pharmaceuticals Holding Corp. said in a regulatory filing with the Securities and Exchange Commission that that Dr. Gregory M. Sullivan will retire as the Company's Chief Medical Officer, effective Aug. 20, 2026. According to the filing, Dr. Sullivan notified the Company of his decision to retire on July 20, 2026. About Tonix Pharmaceuticals Chatham, N.J.-based Tonix Pharmaceuticals Holding Corp., through its wholly owned subsidiary Tonix Pharmaceuticals, Inc., is a fully integrated biopharmaceutical company focused on developing and commercializing therapeutics to treat and prevent human disease and alleviate suffering. EisnerAmper LLP, the Company's former independent registered public accounting firm, included an explanatory paragraph in its audit report dated March 12, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has continuing losses and negative cash flows from operating activities that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $257.9 million in total assets, $30.8 million in total liabilities, and $227.1 million in total stockholders' equity. TOTAL AUTO: Little Can't File Amended Counterclaim in "Caspian" --------------------------------------------------------------- Chief Judge Brian F Kenney of the U.S. Bankruptcy Court for the Eastern District of Virginia denied Darius Little's motion for leave to file an amended counterclaim in the adversary proceeding captioned as JOLENE E. WEE, CHAPTER 11 TRUSTEE, Plaintiff, v. CASPIAN AUTO HOUSE, INC. ET AL., Defendants, Adversary Proceeding No. 25-01068-BFK (Bankr. E.D. Va.). Total Auto Financing, LLC ("TAF") was owned by Elshan Bayramov and Babek Bayramov. Mr. Bayramov also owned a company called Caspian Auto, Inc. Caspian sold used cars at a car lot in Stafford, Virginia. TAF was the financing arm, providing consumers with auto loans for their purchases, as well as related financial products such as credit insurance and gap insurance. The Complaint alleges that Mr. Little was a long-time business consultant for Mr. Bayramov. The Complaint further alleges that Mr. Little conspired with Elshan Bayramov to help orchestrate the dissipation of TAF's assets and set up successor entities to TAF and its affiliates to the substantial injury of TAF's legitimate creditors. Count XXX alleges a claim against Mr. Little for Aiding and Abetting Breach of Fiduciary Duty of Loyalty. Count XXX seeks a judgment against Mr. Little in the amount of $300,000.00, plus interest, fees and costs. Mr. Little's Counterclaim Against Ms. Wee. The Counterclaim asserted claims against Ms. Wee for: (a) civil conspiracy; (b) abuse of process; and (c) defamation. The Plaintiff filed a Motion to Dismiss the Counterclaim, which the Defendant opposed. On May 29, 2026, the Court entered an Order granting the Plaintiff's Motion to Dismiss the Counterclaim. The Defendant filed a Motion to File an Amended Counterclaim, with a proposed First Amended Counterclaim ("FAC"). The Plaintiff filed an Opposition to the Motion. The Court finds the Trustee is entitled to qualified immunity. The FAC falls short of overcoming the Trustee's entitlement to qualified immunity. Mr. Little argues that the Trustee is using the Court's processes to pressure him into a settlement or to provide the Trustee with useful information against Mr. Bayramov. According to the Court, this does not sufficiently allege acts taken outside the scope of the Trustee's duties. Further, the Court finds the Trustee is entitled to exculpation under the confirmed plan. There are no facts alleged in the FAC that would support the conclusion that Ms. Wee's actions in filing the Complaint constituted willful misconduct, gross negligence or fraud. The Court concludes the proposed FAC is futile because the Trustee is entitled to qualified immunity and exculpation. The FAC Fails to State Claims for Relief Count I seeks a declaration that based on the current record and the Trustee's discovery responses, Mr. Little had no legal authority and no independent authority to make binding financial decisions on behalf of TAF or transfer TAF assets, and that his actions did not without more, constitute aiding and abetting breach of fiduciary duty, control of estate property, or participation in an asset-transfer scheme. Count II alleges that the Trustee's discovery demands, account information demands, personal financial/collectability pressure, document production demands, motion practice seeking dismissal with prejudice, service and notice tactics, and threatened use of court compulsion constitutes an abuse of process. Count III alleges a civil conspiracy. The Court finds that Counts I, II and III fail to state claims against the Trustee. It is improper to assert a claim for declaratory relief that is duplicative of other claims or defenses in the case. The Court, therefore, finds that it would be futile to allow Count I. Mr. Little fails to allege any ulterior purpose on the part of the Trustee. Therefore, allowing Count II to proceed would be futile. Count III fails to allege wrongful of tortious actions on the part of the Trustee. Thus, allowing Count III to proceed would be futile. A copy of the Court's Order dated July 20, 2026, is available at https://urlcurt.com/u?l=vFnfVY from Pacermonitor.com. About Total Auto Financing LLC Total Auto Financing, LLC is in the business of automotive finance for sub-prime car purchasers using retail installment contracts. It was formed by Elshan Bayramov and Babak Bayramov on September 28, 2020. It provides loan portfolio management services for a $48 million loan portfolio employing eight persons in the U.S. and eight persons in the Bayramovs' native country of Azerbaijan. Total Auto Financing sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 23-11867) on November 15, 2023, with $10 million to $50 million in both assets and liabilities. Elshan Bayramov, member-manager, signed the petition. Judge Brian F. Kenney oversees the case. Martin C. Conway, Esq., at Conway Law Group, PC represents the Debtor as counsel. On February 13, 2024, Jolene E. Wee was appointed as Chapter 11 trustee in this case. The trustee tapped YVS Law, LLC and Baker & Hostetler LLP as special counsel and HBM Management Associates LLC as insolvency professional. TOYIN STREET: Claims to be Paid from Property Sale Proceeds ----------------------------------------------------------- Toyin Street Properties, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Disclosure Statement describing Plan of Reorganization dated July 10, 2026. The Debtor is a Texas limited liability company operating as a real estate holding company. Debtor owns the property located at 11066 and 11054 Highway 242, Conroe, Texas 77385 (the "Property"). The Property was purchased on October 31, 2022. Prior to the Petition Date, Debtor's secured creditor, Simmons Bank, sought to foreclose on the Property, prompting litigation in Montgomery County, Texas styled Cause No. 25-11- 17950, in which Debtor sought to enjoin a November 4, 2025, foreclosure sale. The Debtor's obligations to Simmons Bank arise from a U.S. Small Business Administration loan dated October 31, 2022, in the original principal amount of $2,430,900.00, secured by a Deed of Trust on the Property. Debtor fell behind on its monthly payments under the loan beginning in September 2024. As a result, Simmons Bank noticed the Property for foreclosure on several occasions beginning in the spring of 2025. In an effort to resolve the default and avoid a foreclosure sale, Debtor and Simmons Bank entered into a Forbearance Agreement, later amended, which provided Debtor additional time to bring the loan current or otherwise satisfy the obligation. Notwithstanding those efforts, Simmons Bank continued to notice the Property for foreclosure on several further occasions, culminating in a foreclosure sale scheduled for April 7, 2026. Believing that the Property holds substantial equity above the amount owed to its secured creditors, and wishing to preserve that value for the benefit of all creditors rather than see it lost to a forced, distressed sale, Debtor filed this chapter 11 case on April 7, 2026. Debtor elected to file for reorganization under chapter 11 in order to preserve the value of the Property for the benefit of its creditors and to allow for an orderly sale of the Property, rather than a forced foreclosure sale. The Debtor is currently marketing the Property for sale. Debtor filed its Application to Employ Real Estate Broker, seeking to retain Quenton Rockwell of Coldwell Banker Commercial Realty d/b/a Rockwell Commercial Group. On June 30, 2026, the Court entered an order approving the employment of the real estate broker. The Property is encumbered by the liens of Simmons Bank (Class 1) and Montgomery County (Class 2), which together total approximately $2,771,466.14 against an estimated fair market value of $3,015,000.00 as of the Petition Date. Under the Plan, both Class 1 and Class 2 will be paid in full, with interest where applicable, from the proceeds of an orderly sale of the Property. Because each impaired Class is being paid in full under the Plan, the Debtor believes any holder of a Claim will receive at least as much under the Plan as such holder would receive in a hypothetical chapter 7 liquidation, satisfying the requirements of Bankruptcy Code section 1129(a)(7). The Debtor is not currently generating income and will not have any income during the time the Property is listed for sale. In this case, the Debtor owes secured claims to two creditors and no unsecured trade debt. The Plan proposes for the Debtor to liquidate its real property and pay all creditors in full by October 30, 2026. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=eao23u from PacerMonitor.com at no charge. Counsel to the Debtor: Aaron W. McCardell Sr. The McCardell Law Firm, PLLC 440 Louisiana Street, Suite 1575 Houston, TX 77002 Tel: (713) 236-8736 Fax: (713) 236-8990 Email: amccardell@mccardelllaw.com About Toyin Street Properties LLC Toyin Street Properties, LLC holds full ownership of a commercial asset located at 11066 Highway 242 in Conroe, Texas 77385, which carries an appraised valuation of approximately $3.05 million. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32419) on April 7, 2026. In its petition, the Debtor reports estimated assets of $3,050,000 and estimated liabilities of $2,430,900. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. Aaron W. McCardell, Sr., Esq. at The Mccardell Law Firm, PLLC, represents the Debtor as legal counsel. TRI-BOROUGH HOME: Case Summary & 12 Unsecured Creditors ------------------------------------------------------- Debtor: Tri-Borough Home Care, LTD FKA Tri-Borough Home Care Division, LTD AKA Family Care Pediatric Home Care 1414 Utica Avenue Brooklyn, NY 11203 Business Description: Tri-Borough Home Care, Ltd. is a Brooklyn, New York-based licensed home care services agency that provides in-home health and personal-care assistance, including pediatric home-care services, and has operated under the Family Pediatric Home Care name. Chapter 11 Petition Date: July 16, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43435 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Julio E. Portilla, Esq. JULIO E. PORTILLA 380 Lexington Ave. 4th Floor New York, NY 10168 Tel: (212) 365-0292 Fax: (212) 365-4417 E-mail: jp@julioportillalaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Kenrick L. Cort as authorized representative. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YJTODFI/Tri-Borough_Home_Care_LTD__nyebke-26-43435__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 12 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. 1414 Utica Avenue Lender LLC $0 c/o Kriss & Feuerstein LLP 360 Lexongton Avenue, Suite 1200 New York, NY 10017 2. Anyely Rodriguez, et al. $0 c/o Virgina & Ambinder Att: Michele A. Moreno 40 Broad Street, 7th Floor New York, NY 10004 3. Charlene McLean-Corbin as Proposed Admin $5,000,000 Charlene McLean-Corbin as Proposed Admin of the Estate of Angela McLean-Julien c/o Sinel & Olesen PLLC 330 7th Ave, 10th Fl New York, NY 10001 4. Deborah Trapp $0 c/o Harmon, Linder & Rogowsky, Esqs. 3 Park Avenue, Suite 2300 New York, NY 10016 5. Internal Revenue Service 941 Taxes $11,810,430 PO Box 7346 Philadelphia, PA 19114 6. JPMorgan Chase Bank, N.A. $21,235 McCalla Raymer Leibert Pierce, LLP c/o Linda St. Pierre 1544 Old Alabama Road Roswell, GA 30076 7. NYS Department of Labor $97,493 1220 Washington Ave Building 12 Room 256 Albany, NY 12226 8. NYS Department of Taxation and Finance $2,074,790 ATTN: Office of Counsel Building 9 W.A. Harriman Campus Albany, NY 12227 9. NYS Department of Withholding Taxes $614,840 Taxation and Finance ATTN: Office of Counsel Building 9 W A Harriman Campus Albany, NY 12227 10. NYS Workers' Compensation Board $864,713 328 State Street Schenectady, NY 12305 11. Office of the Attorney General $0 The Capitol Albany, NY 12224 12. U.S. Small Business Administration $495,092 SBA c/o Andrew Selkow NY District Office 26 Federal Plaza, Room 3100 New York, NY 10278 TRI-BOROUGH HOME: Seeks Chapter 11 Bankruptcy in New York --------------------------------------------------------- On July 16, 2026, Tri-Borough Home Care, Ltd. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The petition states that funds will be available for distribution to unsecured creditors. A meeting of creditors under Section 341(a) to be held on August 17, 2026 at 02:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6980165. Small Business Chapter 11 Disclosure Statement Deadline Set for January 12, 2027; Cash Flow Statement Due July 23, 2026. About Tri-Borough Home Care, Ltd. Tri-Borough Home Care, Ltd. is a Brooklyn, New York-based pediatric home health care agency that provides in-home nursing and health care services for children with medical needs. Tri-Borough Home Care, Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43435) on July 16, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Elizabeth S. Stong is overseeing the case. The debtor is represented by Julio E. Portilla, Esq., of Law Office Julio E. Portilla, P.C. TROVE BREWING: Gets OK to Use Cash Collateral --------------------------------------------- The U.S. Bankruptcy Court for the District of Minnesota entered an order authorizing Trove Brewing, LLC, a Chapter 11 Subchapter V debtor, to use cash collateral. The court authorized the Debtor to use cash collateral in accordance with the budget through September 30, allowing the business to continue operating during the Chapter 11 case. As adequate protection, the Debtor is required to make monthly payments of $6,600 to Choice Bank beginning in August and continuing through September 30. The Debtor is also required to maintain insurance on all of its assets throughout the interim period, providing additional protection for the secured lender. In addition, Choice Bank will receive a replacement lien on the Debtor's post-petition assets of the same type, priority, and effect as its pre-petition lien, excluding any Chapter 5 avoidance action claims. Choice Bank, whose loan to the Debtor is guaranteed by the U.S. Small Business Administration, holds a blanket lien on substantially all of the Debtor's personal property, including deposit accounts. It is owed approximately $615,000 as of the bankruptcy filing date. Meanwhile, North Star Leasing financed the Debtor's purchase of kegs and holds a security interest limited to those kegs. The Debtor held approximately $5,786 in cash and deposit accounts on the bankruptcy filing date. About Trove Brewing LLC Trove Brewing, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Minn. Case No. 26-31864) on June 3, 2026, with up to $100,000 in assets and up to $1 million in liabilities. Angela Crane, company owner, signed the petition. Judge Katherine A. Constantine oversees the case. Mary Sieling, Esq., at Sieling Law, PLLC, represents the Debtor as legal counsel. The U.S. Trustee for Region 12 appointed Steven Nosek, Esq., as Subchapter V trustee for the Debtor. TWENTY EIGHT: Updates Administrative Expense & Tax Claims Pay ------------------------------------------------------------- Twenty Eight Hundred Lafayette, Inc. submitted an Amended Disclosure Statement pertaining to Amended Plan of Reorganization dated July 10, 2026. The Disclosure Statement and the Plan under Chapter 11 of the Code propose to address claims of creditors from ongoing operation of the Debtor's business, providing payment in full of equipment lien holders and some secured lien holders. The Plan provides a cram down provision for some secured lien holders which do not have sufficient collateral to secure their liens. The Plan provides for one class of secured claims, one class of administrative claims, a class of priority tax claims, a class of unsecured claims and a class of equity holders. The Debtor's Eleventh Motion for Continued Use of Cash Collateral was issued on June 24, 2026 and allows the Debtor to remain in operation through July 31, 2026. Class 1 consists of Administrative Expense Claims. The only known Administrative Expense Claims are the claims held by the former Subchapter V Trustee, who is owed $2,867.00, and the Debtor's Counsel and Sarah Youngclaus Smith, CPA, the accountant employed by the Debtor, which are estimated to be $46,426.00 and $48,000.00, respectively, and taxes owed, if any, to the IRS and NHDRA for tax year 2025. As of July 1, 2026, the Debtor has paid the outstanding quarterly fees owed to the Office of the US Trustee. Currently, there are no outstanding fees due; however, once the April and May, 2026 monthly operating reports are analyzed, there will be quarterly fees owed to the US Trustee's Office. Until the Effective Date of a confirmed plan, the Debtor shall timely pay the United States Trustee the appropriate sums required pursuant to Section 1930(a)(6) of the Bankruptcy Code (the "Quarterly Fees"). The Debtor has been paying down the outstanding quarterly fees owed to the US Trustee. On or about June 1, 2026, the Debtor paid $7,000.00 towards the outstanding quarterly fees owed the US Trustee. Pay.gov Tracking ID: 282PDQTE; Agency Tracking ID: 77403226968. On or about June 23, 2026, the Debtor paid $7,000.00 towards the outstanding quarterly fees owed the US Trustee. Pay.gov Tracking ID: 283FT4NI; Agency Tracking ID: 77427072533. On or about July 10, 2026, the Debtor paid $13,574.75 for the balance owed for the outstanding quarterly fees due the US Trustee. The NH DRA post-petition taxes due, if any, will be paid in full on the Effective Date, including the 2025 BPT/BET taxes and any additional taxes that have accrued post-petition but have not been paid prior to confirmation. On or about May 29, 2026, the Debtor paid the NH DRA $12,600.87 for the outstanding payment for October, 2025. Confirmation number is 0- 001-219-076. On or about June 22, 2026, the Debtor paid the NH DRA $22,178.87 for the outstanding payment for September, 2025. Class 5 consists of Federal and State Tax Claims. The Debtor owes the IRS $14,032.90 as an unsecured priority claim. The Debtor owes the IRS $38,724.89 for fiduciary FICA taxes. he Debtor owes the State of NH $251,779.09. This Class is not impaired. The IRS will be paid the full amount owed over the term of the plan. The first payment will commence within thirty days of confirmation of the Debtor's plan. The NH DRA post-petition claims will be paid in full on the Effective Date, including the 2025 BPT/BET taxes and any additional Meals & Rentals taxes that accrue post-petition but are not paid prior to confirmation. The NH DRA pre-petition claims will be paid in full over the term of the Plan with the first payment commencing within thirty days of the Effective Date. Upon confirmation of the plan, the Debtor will continue to operate the business, pay its monthly operating expenses, and continue with the current management of the Debtor. A full-text copy of the Amended Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=BsfB79 from PacerMonitor.com at no charge. Counsel to the Debtor: Eleanor Wm. Dahar, Esq. Victor W. Dahar, PA 20 Merrimack Street Manchester, NH 03101 Telephone: (603) 622-6595 Facsimile: (603) 647-8054 E-mail: vdaharpa@att.net About Twenty Eight Hundred Lafayette Established in 1992, Twenty Eight Hundred Lafayette, Inc., is a seafood restaurant with locations in Epping, Portsmouth, Salem, and North Hampton (seasonal) in New Hampshire. It conducts business under the names The Beach Plum 2 Portsmouth and The Beach Plum 3 Epping. Twenty Eight Hundred Lafayette filed a Chapter 11 petition (Bankr. D.N.H. Case No. 25-10046) on January 27, 2025. In its petition, the Debtor reported assets between $50,000 and $100,000 and liabilities between $1 million and $10 million. Judge Kimberly Bacher handles the case. Eleanor Wm. Dahar, Esq., at Victor W. Dahar Professional Association is the Debtor's legal counsel. Enterprise Bank & Trust, as secured creditor, is represented by: Patricia J. Ballard, Esq. Preti, Flaherty, Beliveau & Pachios, PLLP P.O. Box 1318 Concord, NH 03302-1318 (603) 410-1500 pballard@preti.com UMBRELLA PROJECT: Katharine Clark Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 6 appointed Katharine Battaia Clark of Thompson Coburn, LLP as Subchapter V trustee for The Umbrella Project, LLC. Ms. Clark will be paid an hourly fee of $575 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clark declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Katharine Battaia Clark Thompson Coburn, LLP 2100 Ross Avenue, Ste. 3200 Dallas, TX 75201 Office: 972-629-7100 Mobile: 214-557-9180 Fax: 972-629-7171 Email: kclark@thompsoncoburn.com About The Umbrella Project LLC The Umbrella Project, LLC is a Dallas, Texas-based provider of specialized design and custom fabrication services. Operating under the registered trade names Artifacture and Artifacture Studios, the company is based in Houston and offers custom fabrication, laser cutting, die-cutting, and related design solutions for commercial clients. The Umbrella Project sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-32881) on June 30, 2026. In its petition, the Debtor reports estimated assets of between $100,000 and $500,000 and estimated liabilities of between $1 million and $10 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Robert Lane, Esq., at The Lane Law Firm, PLLC. UNIVERSAL SAFETY: CBIZ CPAs Raises Going Concern Over Funding Needs ------------------------------------------------------------------- Universal Safety Products, Inc. filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, with the Securities and Exchange Commission. The audited report contains a blunt warning: conditions exist that raise substantial doubt about its ability to continue as a going concern. The Company reported a net loss of $2,485,763 for the year ended March 31, 2026, compared with a net income of $500,684 for the year ended March 31, 2025. Going Concern Philadelphia, Pennsylvania-based CBIZ CPAs P.C., the Company's auditor, issued a "going concern" qualification in its report dated July 2, 2026, attached to the Company's Annual Report, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. The Company prepared the financial statements included in the Annual Report on Form 10-K, assuming it will continue operations, even though it reported a net loss of $2,485,763 for the fiscal year ended March 31, 2026, and had an accumulated deficit of $12,543,809, which creates substantial doubt about its ability to continue as a going concern. Sales declined during fiscal 2026 following the sale of the Company's smoke and carbon monoxide alarm segment during the first fiscal quarter. Sales were further negatively impacted by increased import tariffs on all of the Company's products. Management plans to continue operations in the wiring device and bath fan segments of the business and develop an additional line of business, financed through the issuance of convertible debentures, of which $10.0 million has been contracted, subject to the lenders' discretion. However, these plans are not certain to succeed, and the financial statements do not include adjustments that would be necessary if the Company is unable to continue as a going concern. Financial Condition, Liquidity and Capital Resources As of March 31, 2026, working capital decreased by $1,927,705, from $5,163,711 at March 31, 2025, to $3,236,006. Operating Activities Operating activities provided cash of $536,185 for the year ended March 31, 2026, principally due to decreases in trade accounts receivable and amounts due from factor of $3,641,110 and decreases in inventories and assets held for sale of $2,543,262. These were partially offset by decreases in accounts payable and accrued expenses of $2,179,879, increases in prepaid expenses of $197,300, and the Company's net loss of $2,485,763. Non-cash items included stock-based compensation of $896,700, a reversal of a provision for income tax benefits of $361,000, a $75,000 change in the fair value of the derivative component of convertible debt, $309,053 of amortization of original issue discount on convertible debt, a $297,000 change in the allowance for credit losses, a $110,000 increase in the reserve for excess and obsolete inventory, and a $13,330 decrease in the operating lease liability. Operating activities used cash of $1,048,612 during fiscal 2025, primarily due to increases in trade accounts receivable and amounts due from a factor of $1,090,710, increased inventory of $227,396, and decreases in accounts payable, accrued expenses, and lease liabilities of $350,758, partially offset by prepaid expenses of $81,442 and net income of $500,684. Non-cash items during fiscal 2025 included depreciation and amortization of $164,126, a $300,000 change in the allowance for excess and obsolete inventory, partially offset by a $65,000 change in the allowance for credit losses and an income tax benefit of $361,000. Investing Activities Investing activities provided cash of $4,502,605 during fiscal 2026, resulting from proceeds from the sale of assets. The Company did not use or provide cash from investing activities during fiscal 2025. Financing Activities Financing activities used cash of $1,913,245 during fiscal 2026, primarily reflecting: * $2,312,787 in dividend payments on common stock; * $2,100,458 in repayments of net borrowings from the factor; and * partially offset by $2.5 million from the issuance of convertible debt. Financing activities provided cash of $1,331,605 during fiscal 2025, reflecting an increase in net borrowings from the factor. A full-text copy of the annual report is available at https://tinyurl.com/bdfrreaz About Universal Safety Products, Inc. Universal Safety Products, Inc. is an American company that designs, markets, and distributes residential safety, security, and electrical devices. As of March 31, 2026, the Company had $4,504,815 in total assets, $1,268,809 million in total (current) liabilities, and $3,236,006 in total shareholders' equity. VIVAKOR INC: Completes Second Closing of $12M Note Offering ----------------------------------------------------------- Vivakor, Inc. said in a regulatory filing with the Securities and Exchange Commission that it completed the second half of its previously announced financing transaction, with the second half of the Purchase Price ($6 million) paid on July 16, 2026. The First Closing and Second Closing were conducted through the terms of an escrow agreement with a third-party escrow agent. Under the terms of the Securities Purchase Agreement, the Company registered for resale all shares of its common stock that may be issued upon conversion of the Notes with respect to the First Closing and the Second Closing under the terms of a Registration Statement on Form S-1, which went effective with the SEC on July 16, 2026. On July 15, 2026, the Company and the Investors entered into an Amendment No. 1 to the SPA, the Notes, and the Standby Equity Purchase Agreement, under which the Investors agreed to fund the Second Closing in return for the Company agreeing to maintain the $0.37 floor price in the investment documents after the Company's 1-for-20 reverse stock split that went effective July 17, 2026. Background On May 8, 2026, the Company entered into a financing transaction with institutional investors under the terms of the SPA to issue and sell to each of the Investors promissory notes, for aggregate gross proceeds to the Company of up to $12 million, before deducting fees to the placement agent, RBW Capital Partners LLC (a division of Dawson James Securities, Inc.), and other expenses payable by the Company in connection with the offering). The Notes have a principal amount of $15 million, which consists of the Purchase Price plus $3 million representing a 20% original issuance discount. Pursuant to the SPA, the first half of the Purchase Price ($6 million) was paid in connection with the initial closing date. In addition to the SPA and the Note, on May 7, 2026, the Company entered into a standby equity purchase agreement with one of the Investors, under which the SEPA Investor has committed to purchase from the Company up to $100 million of shares of the Company's common stock in an equity line of credit. Subject to the terms and conditions of the SEPA, the Company has the right from time to time at its discretion until the first day of the month following the 36-month period after the date of the SEPA (or earlier in the event the SEPA Investor shall have made payment of $100 million in Advances), to direct the SEPA Investor to purchase a specified amount of shares of common stock by delivering written notice to the SEPA Investor. While there is no mandatory minimum amount for any Advance, it may not exceed the lesser of: (i) an amount equal to 100% of the average of the Daily Traded Amount (as defined in the SEPA) during the five consecutive Trading Days immediately preceding an Advance Notice, (ii) 30% of the Daily Traded Amount (as defined in the SEPA) and (iii) $1 million and may not exceed 4.99% of the issued and outstanding shares of common stock. The shares of common stock purchased pursuant to an Advance will be purchased at a price equal to 94% of the lowest VWAP of the common stock during the three Trading Days following the applicable notice date. The Company may also deliver intraday purchase notices to the Investor, and the common stock purchased pursuant to an intraday Advance will be purchased at a price equal to 98% of the lowest traded price of the common stock during the intraday pricing period, as determined pursuant to the terms of the SEPA. Additional Information A full text copy of the Amendment No. 1 is available at https://tinyurl.com/4jfctzvw About Vivakor, Inc. Vivakor, Inc., headquartered in Dallas, operates and develops oil and gas assets, technologies and environmental solutions. Its integrated midstream platform includes crude oil transportation and logistics, terminaling and storage, and supply, marketing and trading operations. The company transports crude oil and related hydrocarbons in the DJ, STACK, Permian and Eagle Ford basins and owns pipeline and terminal infrastructure. It is also developing remediation services for hydrocarbon-contaminated soil. In an audit report dated April 15, 2026, Urish Popeck & Co., LLC included a going-concern paragraph, citing a significant working capital deficiency, significant recurring operating losses and the need to raise additional funds to meet obligations and sustain operations. The conditions raised substantial doubt about Vivakor's ability to continue as a going concern. As of March 31, 2026, Vivakor had total assets of $111.79 million, total liabilities of $78.15 million and total stockholders' equity of $33.64 million. VIVAKOR INC: Issues 65K Shares Upon Convertible Note Conversions ---------------------------------------------------------------- Vivakor, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 21, 2026, it issued a total of 65,000 shares of common stock upon the conversion of portions of two outstanding convertible promissory notes. One accredited investor converted $28,545 of principal and accrued interest under a convertible promissory note originally issued on Aug. 12, 2025, into 33,000 shares of Vivakor common stock. The original note had a principal amount of $647,059, under which the Company received $550,000, before fees. Separately, another accredited investor converted $27,680 due under convertible promissory notes originally issued between June 6 and June 9, 2025, into 32,000 shares of common stock. The notes were part of a Securities Purchase Agreement under which seven non-affiliated accredited investors purchased notes with an aggregate principal amount of $5.12 million, providing the Company with $4.35 million before customary fees. The shares issued in both conversions were not subject to a Rule 144 restrictive legend pursuant to a legal opinion received by the Company and its transfer agent. The issuances were exempt from registration under Section 4(a)(2) of the Securities Act because the investors were accredited investors familiar with the Company's operations. About Vivakor, Inc. Vivakor, Inc., headquartered in Dallas, operates and develops oil and gas assets, technologies, and environmental solutions. Its integrated midstream platform includes crude oil transportation and logistics, terminaling and storage, and supply, marketing, and trading operations. The company transports crude oil and related hydrocarbons in the DJ, STACK, Permian and Eagle Ford basins and owns pipeline and terminal infrastructure. It is also developing remediation services for hydrocarbon-contaminated soil. In an audit report dated April 15, 2026, Urish Popeck & Co., LLC included a going-concern paragraph, citing a significant working capital deficiency, significant recurring operating losses, and the need to raise additional funds to meet obligations and sustain operations. The conditions raised substantial doubt about Vivakor's ability to continue as a going concern. As of March 31, 2026, Vivakor had total assets of $111.79 million, total liabilities of $78.15 million, and total stockholders' equity of $33.64 million. VOLITIONRX LTD: Approves All Five Key Proposals at Annual Meeting ----------------------------------------------------------------- VolitionRx Limited, July 17, 2026, held its 2026 annual meeting of stockholders at 3:30 p.m. British Summer Time at 93-95 Gloucester Place, London, W1U 6JQ, United Kingdom, during which the Company's stockholders voted on five proposals. The Company had 8,627,191 shares of common stock outstanding on May 26, 2026, the record date for the Annual Meeting, of which 4,261,161 shares of common stock were present in person or represented by proxy at the Annual Meeting. Proposal 1: The stockholders elected seven directors to serve until the next annual meeting of stockholders, and until each such director's successor is duly elected and qualified, or until his or her earlier death, resignation or removal. The voting results are as follows: 1. Dr. Phillip Barnes * Votes For: 2,088,058 * Votes Withheld: 179,087 * Broker Non-Votes: 1,994,016 2. Dr. Alan Colman * Votes For: 2,085,363 * Votes Withheld: 181,782 * Broker Non-Votes: 1,994,016 3. Guy Innes * Votes For: 2,085,112 * Votes Withheld: 182,033 * Broker Non-Votes: 1,994,016 4. Kim Nguyen * Votes For: 2,167,404 * Votes Withheld: 99,741 * Broker Non-Votes: 1,994,016 5. Cameron Reynolds * Votes For: 2,154,815 * Votes Withheld: 112,330 * Broker Non-Votes: 1,994,016 6. Dr. Ethel Rubin * Votes For: 2,139,364 * Votes Withheld: 127,781 * Broker Non-Votes: 1,994,016 7. Timothy Still * Votes For: 2,142,270 * Votes Withheld: 124,875 * Broker Non-Votes: 1,994,016 Proposal 2: The stockholders ratified the selection of Sadler, Gibb & Associates, LLC as the Company's independent registered public accounting firm for the year ending Dec. 31, 2026. The voting results are as follows: * Votes For: 4,152,372 * Votes Against: 76,635 * Votes Abstained: 32,154 Proposal 3: The stockholders approved, by a non-binding advisory vote, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. The voting results are as follows: * Votes For: 2,127,860 * Votes Against: 127,935 * Votes Abstained: 11,350 * Broker Non-Votes: 1,994,016 Proposal 4: The stockholders approved the Amendment of the Restated Certificate to reduce the number of authorized shares of Common Stock from 325 million to 150 million. The voting results are as follows: * Votes For: 4,011,189 * Votes Against: 218,947 * Votes Abstained: 31,025 Proposal 5: The stockholders approved the Company's 2026 Stock Incentive Plan. The voting results are as follows: * Votes For: 2,078,833 * Votes Against: 182,048 * Votes Abstained: 6,264 * Broker Non-Votes: 1,994,016 No other matters were presented for consideration or stockholder action at the Annual Meeting. About Volition Henderson, Nev.-based VolitionRx Limited is a multinational epigenetics company. It has patented technologies that use chromosomal structures, such as nucleosomes, and transcription factors as biomarkers in cancer and other diseases. Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company suffered recurring losses from operations, negative cash flows from operations, and minimal revenues, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $9 million in total assets, $42.4 million in total liabilities, and $33.4 million in total stockholders' deficit. WARINGIN LTD: Court Dismisses Bankruptcy Case as Bad-Faith Filing ----------------------------------------------------------------- Judge David S. Jones of the U.S. Bankruptcy Court for the Southern District of New York granted the motions of 979 Second Ave LLC and the United States Trustee to dismiss the bankruptcy cases of Yue Wah Chao, Kerry Group Corporation, Waringin Ltd, Golden Billion Trust and Salim Group Trust for cause pursuant to section 1112(b)(1) as a bad-faith filing, and pursuant to section 1112(b)(4)(F) in light of debtors' ongoing failure to satisfy applicable reporting and filing requirements. These five Chapter 11 cases stem from a single lease beginning in 2011 between Wah Win Group Corp. ("Wah Win"), an entity owned by Debtor Yue Wah Chao, and 979 Second Ave LLC ("Creditor"). Wah Win routinely missed rental payments, prompting Creditor to take legal action and kicking off a tumultuous series of events. In its motion to dismiss, Creditor details a four-year saga of judgments against Chao and subsequent property transfers between her various entities. Creditor took legal action in the Supreme Court of the State of New York (the "State Court") to recover on the missed rental payments by Wah Win. Chao was the personal guarantor for Wah Win under the lease, so Creditor sought to recover against both Wah Win and Chao personally. The State Court entered three judgments against Chao totaling $604,652.95, which with interest has risen to $788,572.47 as of the filing of Creditor's motion dated May 18, 2026. Both before and after the monetary judgments, Chao began making a series of property transfers between her various entities, which in turn led to Creditor filing a series of turnover proceedings to counteract those transfers and satisfy the judgments. Between July 2022 and March 2026, the State Court issued four turnover orders. Chao has or had ownership interest in several entities, including Wah-Mart Group Corp. ("Wah-Mart"), Golden Billion Trust ("Golden Billion"), Kerry Group Corp. ("KGC"), Waringin Ltd. ("Waringin"), and Salim Group Trust ("Salim"). However, Creditor disputes whether Chao retained any ownership interest in KGC, Waringin, or Salim following the aforementioned turnover orders. All those entities except for Wah-Mart have filed Chapter 11 petitions, all filed by Chao. Prior to the First Monetary Judgment, Wah-Mart owned three real properties known collectively as the "Receivership Properties," which Chao then transferred to Golden Billion for zero consideration. While Creditor initially targeted the Receivership Properties to satisfy the judgment, Creditor came to believe that those properties alone would be insufficient to satisfy the entire balance of the judgments. Subsequently, Creditor ascertained that Chao also had ownership interest in KGC and Waringin, which owned the "KGC Property" and "Waringin Units," leading to a turnover proceeding to use those properties to satisfy the judgments. Chao commenced these cases on April 9, 2026. At that time, Creditor was at an advanced stage of pursuing, or had formulated plans to pursue, the following actions in order to satisfy the outstanding judgments: (1) the sale of the Receivership Properties, (2) the turnover to the NYC Sheriff of Chao's interests in KGC and Waringin for auction and sale, and (3) the turnover to Creditor of Chao's interests in Salim. As part of her efforts in response to Creditor's collection efforts, Chao has also instigated legal action against Creditor in the State Court alleging malicious prosecution, intentional infliction of emotional distress, elder abuse, real estate fraud, and other claims. Chao initially filed her claim on December 22, 2025, before filing an amended complaint on April 22, 2026, after her Chapter 11 filings. Creditor has deemed this action by Chao to be further indicative of bad faith with respect to her Chapter 11 filings. Creditor and the US Trustee moved to dismiss all five of Chao's Chapter 11 cases. As alternative relief on its dismissal motion, Creditor seeks relief from the automatic stay so that it can resume pursuing enforcement actions in the State Court. According to the Court, the pre-bankruptcy litigation history between Creditor, Chao, and her various entities, along with her record of improper attempts to transfer properties seemingly to try to insulate them from Creditor's enforcement efforts, strongly suggests that the eleventh-hour bankruptcy filings were made for the purpose of delaying or frustrating legitimate creditor enforcement efforts. Creditor has received several favorable judgments from the State Court authorizing the seizure and sale of Chao's interests in her entities. The enforcement of those judgments has been thwarted by Chao's subsequent filing of the cases in question, a point that is not denied by Chao herself. A copy of the Court's Memorandum of Decision and Order dated July 20, 2026, is available at https://urlcurt.com/u?l=g47qEd from Pacermonitor.com Counsel for 979 Second Ave LLC: Peter Moulinos, Esq. MOULINOS & LEVINAS PLLC 150 East 58th Street, 29th Floor New York, NY 10155 E-mail: peter@moulinos.com Counsel for the Debtors: Adrienne Woods, Esq. WEINBERG ZAREH MALKIN PRICE LLP 45 Rockefeller Plaza, 20th Floor New York, NY 10111 E-mail: awoods@wzmplaw.com About Waringin Ltd. Waringin Ltd. is a corporate entity engaged in investment and business management activities. Waringin Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10806) on April 09, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge David S. Jones handles the case. WELLFUL INC: Moody's Affirms Caa2 CFR & Alters Outlook to Positive ------------------------------------------------------------------ Moody's Ratings affirmed the ratings of Wellful Inc. (Wellful) including the Caa2 Corporate Family Rating and the Caa2-PD Probability of Default Rating. Concurrently Moody' affirmed the B2 senior secured first lien revolving credit facility and senior secured first lien term loan tranche A ratings and the Caa3 senior secured second lien term loan tranche B rating. Moody's changed the outlook to positive from stable. The change in outlook to positive reflects Moody's expectations for continued EBITDA growth, maintenance of adequate liquidity and gradual improvement in credit metrics over the next 12 to 18 months. The Caa2 CFR rating affirmation reflects Wellful's improving operating performance following the divestiture of its weight management business and the continued integration of Ancient Nutrition. Revenue and earnings have improved, supported by more focused vitamins, minerals and supplements (VMS) platform, favorable brand performance and ongoing operational efficiencies. However, the CFR continues to reflect the company's elevated leverage, weak financial flexibility and limited free cash flow generation. While Moody's expects Wellful to generate positive free cash flow by 2027, cash generation will remain modest and partly depend on the payment-in-kind feature of the tranche C term loan. Financial flexibility would be more constrained if interest were paid fully in cash. The company maintains adequate liquidity. As of March 31, 2026, the company had approximately $3.5 million of unrestricted cash and total liquidity of approximately $40.5 million, including availability under its revolving credit facility. Moody's expects liquidity to improve over the next 12 to 18 months as the company generates positive free cash flow and benefits from improving operating performance. The revolving credit facility is subject to a springing first-lien net leverage covenant if revolver utilization exceeds 35% of commitments. While covenant cushion remains modest, Moody's do not expect covenant compliance to become a significant constraint under Moody's forecasts. RATINGS RATIONALE Wellful's Caa2 CFR reflects its high leverage, limited financial flexibility and execution risk as the company works to improve earnings and sustain growth through strategic initiatives and product innovation. The company's small scale and reliance on the VMS category heighten its vulnerability to competitive pressures and shifts in consumer demand. Governance considerations are also negative, reflecting aggressive financial policies and the company's willingness to pursue discounted debt exchanges. These challenges are partly offset by Wellful's more focused position in VMS following the divestiture of its weight management business, where a diversified product portfolio and strong consumer preference for health and wellness VMS products support revenue stability. The company also benefits from a manageable debt maturity profile, with no significant maturities until 2030, and ongoing support from its private equity sponsor, including prior equity contributions. Moody's expects continued benefits from manufacturing insourcing, procurement initiatives, product innovation and operating efficiencies to support EBITDA growth over the next 12 to 18 months. Moody's also expects operating performance to improve, supported by low single-digit revenue growth, continued momentum at Ancient Nutrition and Nugenix and realization of cost savings initiatives. Although Moody's expects Wellful to generate modestly negative free cash flow in 2026 and slightly positive in 2027, free cash flow will remain limited relative to debt and partly dependent on the PIK feature of the tranche C term loan. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Wellful demonstrates sustained improvement in operating performance, supported by continued revenue growth and stable to improving profitability, while also generating consistently positive free cash flow independent of PIK interest benefits. The company would also need to reduce reliance on the revolver. Quantitatively, an upgrade would require debt-to-EBITDA leverage to be sustained below 9x. The ratings could be downgraded if operating performance weakens such that EBITDA growth and margin expansion do not materialize as expected, if free cash flow becomes consistently negative or if liquidity deteriorates. Downward pressure could develop if revolver borrowings increase materially, covenant compliance becomes a concern or recovery prospects weaken. The principal methodology used in these ratings was Consumer Packaged Goods published in February 2026. Wellful Inc., based in Fort Washington, Pennsylvania, is a branded vitamins, minerals and supplements (VMS) company that develops, manufactures and markets science-based nutritional supplements focused on health and wellness categories, including healthy aging, digestive health, joint health, men's health, sports nutrition and other condition-specific applications. The company's portfolio includes brands such as Ancient Nutrition, Nugenix, Doctor's Preferred and Instaflex, which are sold through a diversified distribution network that includes direct-to-consumer channels, Amazon, mass retail, food, drug and specialty retailers across the United States and Canada. Wellful manufactures a substantial portion of its products internally and utilizes direct-to-consumer marketing capabilities alongside retail distribution to support brand growth. The company is owned by Kainos Capital, which acquired Nutrisystem in December 2020 and Adaptive Health in April 2021. Following the divestiture of its weight management business in November 2025, Wellful operates as a focused VMS platform. Revenue for the 12 months ended March 31, 2026 was approximately $501 million. WELLMADE FLOOR: Court Rules on Creditors' Late-Filed Claims ----------------------------------------------------------- Judge Sage M. Sigler of the U.S. Bankruptcy Court for the Northern District of Georgia entered her ruling on Creditors' Motions for Leave to File Late Proofs of Claim in the bankruptcy case of Wellmade Floor Coverings International Inc. Debtors owned and operated a profitable flooring manufacturing facility in Cartersville, Georgia. Their bankruptcy filing was triggered not by traditional financial distress, but because their lender called a nonmonetary default after the facility was raided by state and federal authorities and certain of Debtors' owners and/or managers were arrested in connection with human trafficking claims. The allegations are essentially that workers were brought from China to work in Debtors' facility, were required to work long hours without adequate pay, were overcharged to live in substandard company housing, and may have been denied access to their passports and/or work papers. The deadline to file proofs of claim in this bankruptcy case was November 21, 2025, and dozens of Debtors' workers and former workers filed proofs of claim before the deadline. But before the Court are three motions and related proofs of claim filed pro se by Bo Deng, Gengxu Wang, and Haitao Li (together, "Movants") between June 1 and June 8, 2026, requesting that the Court allow their late-filed claims. Bo Deng worked at the Wellmade facility from July 2022 through March 2024 and from June 3, 2024, through November 25, 2025. On June 6, 2026, Mr. Deng filed Claim No. 145 in this bankruptcy case in the amount of $4,954,774.35. Haitao Li worked at the Wellmade facility from May 21, 2024, through May 23, 2025. On June 1, 2026, Mr. Li filed Claim No. 142 in this bankruptcy case in the amount of $152,015.10. Movants aver, in part, that they did not receive or did not know they received notice of Debtors' bankruptcy case or the Bar Date Notice. Mr. Li requests that the Court allow his late-filed claim on the basis that he did not receive the Bar Date Notice and was unaware of the bankruptcy filing until shortly before he filed his Motion. Mr. Deng requests that the Court allow his late-filed claim because while he did receive the Bar Date Notice, he did not look at it until after the Bar Date had passed and, even if he had, he would not have been able to understand it. While the nature of Mr. Li and Mr. Deng's claims and their relationship to Wellmade is virtually identical, the facts surrounding whether and how Movants received notice of the Bar Date are very different. The Court finds Mr. Li has demonstrated, by a preponderance of the evidence, that the delay in filing his claim constitutes excusable neglect, justifying relief under Rule 9006(b)(1). Mr. Deng, however, has not met his evidentiary burden and even if Mr. Deng's arguments were supported by evidence, they are insufficient to establish excusable neglect. Judge Sigler explains, "Mr. Li's delay in filing his claim and Motion was not within his control -- it was the result of Debtors' failure to take appropriate steps to provide him notice. But Mr. Deng's delay in filing his claim and Motion was within his control -- it was the result of his failure to review and take action on notice he timely received." Accordingly, the Court ruled as follows: 1. Mr. Wang's Motion is denied for want of prosecution and Claim Nos. 143, 146, and 147 are disallowed as untimely. 2. Mr. Deng's Motion is denied and Claim Nos. 144 and 145 are disallowed as untimely. 3. Mr. Li's Motion is granted to the extent that Claim Nos. 142 and 148 are deemed timely filed. A copy of the Court's Order dated July 20, 2026, is available at https://urlcurt.com/u?l=xD3zct from Pacermonitor.com. About Wellmade Floor Coverings Wellmade Floor Coverings International Inc. is a manufacturer and distributor of hard-surface flooring products, including bamboo, hardwood, and vinyl. The privately owned company is based in the United States, with a manufacturing facility in Cartersville, Georgia, and sales offices and a warehouse in Portland, Oregon. A non-debtor affiliate operates in China. The company and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Lead Case No. 25-58764) on August 4, 2025. In the petition, it reports estimated assets between $500 million and $100 million and $50 million. Honorable Bankruptcy Judge Sage M. Sigler handles the cases. The Debtors are represented by Greenberg Traurig, LLP. Kurtzman Carson Consultants, LLC d/b/a Verita Global is the Debtors' claims, noticing, solicitation and administrative agent. WHITE ROCK: Amends Unsecured Claims Pay Details ----------------------------------------------- White Rock Medical Center, LLC, and its affiliates submitted a Disclosure Statement for Second Plan of Reorganization dated July 10, 2026. All Cash necessary for the payments required by the Plan shall be obtained from (a) existing Cash held by the Debtors on the Effective Date, (b) Cash generated from operations after the Effective Date in the ordinary course of business and (c) the Plan Funding. Following the adjournment of the hearing on the First Solicitation Motion, the Debtors and the parties who objected to the First Solicitation Motion engaged in wholistic negotiations regarding the viability of the Debtors' Chapter 11 Cases and potential paths forward for a consensual and successful reorganization. Each of the parties, including the Debtors' management, were represented by separate and sophisticated counsel during these negotiations. Over the course of several weeks, the parties were able to reach an agreement for a framework for a consensual plan of resolution embodied in a restructuring term sheet (the "Restructuring Term Sheet") executed by the Debtors on the one hand, Pipeline, REILS, Strategic Management and Strategic Solutions (collectively, the "Supporting Creditors") on the other hand, that among other things: (a) governs the terms of the provision of a postpetition financing facility of up to $3,000,000.00 (the "DIP Facility") to the Debtors, (b) provides for the consensual use of Cash Collateral by the Debtors on a final basis, (c) calls for the abeyance of the Adversary Proceeding and (d) calls for the resignation of Dr. Baig and the Resigning Employees. The Restructuring Term Sheet governs the terms of the consensual restructuring efforts between the Debtors and the Supporting Creditors and is embodied in the terms of the Plan. The Restructuring Term Sheet provides that in exchange for the equity interests of the Reorganized Debtor, the Plan Sponsor will provide Plan Funding in the form of a $3,300,000.00 Exit Facility that will be used to fund the distributions provided for in the Plan and the Reorganized Debtors' operational expenses after confirmation of the Plan. The Restructuring Term Sheet also provides for the terms governing the DIP Facility and consensual use of Cash Collateral, as well as the milestones that will govern the Debtors' reorganization efforts. The Restructuring Term Sheet represents a tremendous success for the Debtors' Estates. Prior to entering the Restructuring Term Sheet, the Debtors were running out of Cash to fund their operations and were reliant on the consent of Pipeline for the continued use of Cash Collateral. Absent funding it was unclear if the Debtors would be able to remain administratively solvent. Further, it was unclear whether the Debtors would have sufficient liquidity to fund a contested confirmation hearing over the objections of a majority of their creditor group. The Restructuring Term Sheet and the transactions set forth therein provided the framework for the Debtors to access critical liquidity, fund a chapter 11 plan, and resolve the objections of a majority of the Debtors' creditors. This will benefit the Debtors', their Estates, and all parties in interest. The Plan Sponsor under the Restructuring Term Sheet is an affiliate of REILS. As set forth in the Restructuring Term Sheet, the Debtors were provided with a secured DIP Facility of up to $3,000,000.00 consisting of (i) $2,000,000.00 in committed postpetition financing and (ii) an additional amount of up to $1,000,000.00 funded at the DIP Lender’s discretion. The DIP Facility is governed by the terms of that certain DIP Agreement executed by White Rock and the DIP Lender. The DIP Facility is secured by liens on all of the Debtors’ unencumbered assets (including the proceeds of Avoidance Actions but not the Avoidance Actions themselves) and junior liens on all of the Debtors' encumbered assets. The Plan calls for the reorganization of the Debtors outstanding obligations and liabilities. Lead Debtor White Rock will be the Reorganized Debtor after the Effective Date, while all of the other Debtor entities shall be wound down and liquidated according to the terms of the Plan. The membership interests of the Reorganized Debtor will be distributed to the Plan Sponsor in exchange for the $3,300,000.00 Plan Funding which will be used to make the distributions called for under the Plan and fund the Reorganized Debtor's operations. The Plan Sponsor, or with the Plan Sponsor's agreement the DIP Lender, would receive all membership interests in the Reorganized Debtor. Class 5 consists of General Unsecured Claims. On the Effective Date or as soon as reasonably practicable thereafter, except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment of such Claim, each Holder of an Allowed General Unsecured Claim shall receive, in full and final satisfaction, compromise, settlement, release and discharge of and in exchange for such Allowed General Unsecured Claim, its Pro Rata Share of the GUC Distribution Pool. Claims held by REILS SPV Finance Inc. and Strategic Management and Capital, LLC shall be subject to Section 5.21 (Waiver and Release of Supporting Creditor Unsecured Claims) of the Plan. All Cash necessary for the Reorganized Debtor to make payments required by the Plan and for post-Confirmation operations shall be obtained from (a) existing Cash held by the Debtors on the Effective Date, (b) Cash generated from the Reorganized Debtor's operations after the Effective Date in the ordinary course of business, and (c) the Plan Funding. Within two business days after entry of the Confirmation Order, the Plan Sponsor will transfer the Plan Funding to the Debtors for use in accordance with the terms of the Plan. A full-text copy of the Disclosure Statement dated July 10, 2026 is available at https://urlcurt.com/u?l=zZbprh from Epiq Corporate Restructuring, LLC, claims agent. Counsel for the Debtors: REED SMITH LLP Omar J. Alaniz, Esq. 2850 N. Harwood Street, Suite 1500 Dallas, TX 75201 Telephone: (469) 680-4200 Facsimile: (469) 680-4299 E-mail: oalaniz@reedsmith.com Scott M. Esterbrook, Esq. Derek M. Osei-Bonsu, Esq. Three Logan Square 1717 Arch Street, Suite 3100 Philadelphia, PA 19103 Telephone: (215) 851-8100 Facsimile: (215) 851-1420 E-mail: sesterbrook@reedsmith.com dosei-bonsu@reedsmith.com About White Rock Medical Center White Rock Medical Center LLC and its affiliates are the owner/operators of two hospitals: White Rock Medical Center ("WRMC") operating in Dallas, Texas and Heights Hospital operating in Houston Texas. White Rock Medical Center LLC and 6 its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90115) on Jan. 20 and Jan. 21, 2026. In its petition, White Rock estimated assets ranging from $10 million to $50 million and liabilities between $50 million and $100 million. The Honorable Bankruptcy Judge Christopher M. Lopez handles the case. White Rock tapped Reed Smith LLP as counsel, and HMP Advisory Holdings, LLC, doing business as Harney Partners, as financial advisor. Epiq Corporate Restructuring, LLC, is the claims agent. WILDFIRE INTERMEDIATE: S&P Places 'B' ICR on CreditWatch Positive ----------------------------------------------------------------- S&P Global Ratings all its ratings on Wildfire Intermediate Holdings LLC, including its 'B' issuer credit rating and 'B+' senior unsecured issue-level ratings, on CreditWatch with positive implications. S&P said, "The CreditWatch placement reflects that we will likely raise our ratings on the company following the close of the acquisition, which we expect will occur by the end of the third quarter 2026, subject to regulatory approvals and the fulfillment of other customary closing conditions." Wildfire, a private oil and gas exploration and production (E&P) company focused on the Eastern Eagle Ford shale, has agreed to be acquired by Eagle Ford and Austin Chalk-focused E&P peer Magnolia Oil & Gas Corp. (BB-/Stable) for about $4.06 billion in cash, equity, and debt, including the assumption of Wildfire's $600 million of unsecured notes due 2029. S&P said, "The CreditWatch placement reflects that we will likely raise our ratings on Wildfire following the close of the acquisition to equalize them with our ratings on Magnolia. The transaction values the company at $4.06 billion, including the assumption of Wildfire's $600 million of senior unsecured notes due 2029. "The acquisition will be funded with a mix of cash, debt and equity. We expect Magnolia to fund the transaction with proceeds from its recently-announced $500 million senior unsecured notes issuance, cash on hand (about $300 million as of June 30, 2026), the assumption of Wildfire's $600 million 7.5% senior unsecured notes due 2029, drawings on its upsized reserve-based lending facility (with an elected commitment of $1.75 billion), and about $2.1 billion of equity issuances (about $1.27 billion of public issuances and $810 million to the Wildfire owners: Warburg Pincus, Kayne Anderson and management). We expect the transaction to close by the end of the third quarter of 2026. "The CreditWatch positive placement reflects that we will likely raise our issuer credit rating on Wildfire by two notches, and our issue-level rating by one notch, to equalize them with our ratings on Magnolia upon close of the transaction, which we anticipate will occur by the end of the third quarter of 2026, assuming it is completed as proposed." WISCONIC LLC: To Sell Elroy Property to St. Martin Land for $1.2MM ------------------------------------------------------------------ Wisconic, LLC, seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin, to sell substantially all of its personal property located at its facility in Elroy, Wisconsin, free and clear of liens, claims, interests, and encumbrances. The Debtor remains the debtor in possession of its property and while it is not currently running its manufacturing operation, until several weeks ago it was operating in a diminished capacity in order to maintain its customer base until its assets could be sold to an entity that can resume normal operations. The Debtor is currently unable to fund operations and, indeed, will cease paying any expenses shortly absent a sale. The premises upon which the Debtor conducts its operations are leased from an entity owned by the owner of its secured creditor, Wisconic, Inc., the claim of which the Debtor is attempting to challenge as to amount and subordinate to all other non-inside claims. The Debtor has filed an adversary proceeding seeking subordination of the claim of Wisconic, Inc. for alleged actions on its part, or the part of its sole owner, Larry Glass, which the Debtor alleged destroyed its business. The claim of Wisconic, Inc. is in third position behind those of Meritus Fund Corp. d/b/a REV Capital and First Class Business Group Capital, LLC The Debtor has been negotiating with the potential buyers since before the inception of the Chapter 11 proceeding for the sale of its operating assets. The Debtor was servicing certain of its customers at a minimal level but did not possess the available funds to resume full production. Complicating matters is the fact that Wisconic, Inc. - the landlord of the premises upon which the Debtor operates - is hostile, making it impossible to negotiate any type of settlement with it which would allow the Debtor to reorganize on the premises. The Debtor believes that its business is valuable and that value can be salvaged if its assets can be utilized to service customers who purchase products manufactured by it. The proposed buyer, St. Martin Land Company through its wholly owned subsidiary, Rada Holdings, Inc., asserts it can swiftly resume production if the sale is consummated promptly and is willing to pay $1.2 million for virtually all the machinery and equipment, inventory, certain tooling, fixtures and other tangible personal property located in the Debtor's factories and warehouses in Elroy, Wisconsin generally used for the production of products utilizing injection molding plastics. Additionally, St. Martin has already spoken with the Debtor’s key former employees and is confident it will be able to re-employ them upon approval of the sale and its resumption of production. Based on St. Martin's knowledge of the value of the Property and its willingness to undertake all arrangements necessary to operate the manufacturing plant on the current premises, including negotiating a new lease with or buying the property from Wisconic, Inc. on reasonable terms, it is the Debtor's belief that the proposed sale will produce a significantly higher price than an auction process to dispose of the Property, which is the only other alternative to the offer. The Debtor retains Hyperams LLC as auctioneer. St. Martin is willing to pay the Purchase Price offered only if it can quickly resume operations and service the remaining customer base of the Debtor. The Debtor and St. Martin will draft an Asset Purchase Agreement as soon as the contingency is satisfied with Wisconic, Inc. About Wisconic LLC Wisconic LLC in Elroy WI, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Wis. Case No. 26-10109) on Jan. 22, 2026. Judge Thomas M. Lynch presides over the case. Paul G. Swanson at Swanson Sweet LLP, represents the Debtor as legal counsel. WORLD CLASS: Seeks to Sell Vero Beach Property to Highest Bid ------------------------------------------------------------- World Class Academy-Vero Beach LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 1285 6th Avenue Vero Beach, FL 32960-5829. The Debtor acquired the real property and utilized it as a childcare center for approximately $2.3 million and simultaneously acquired the operating childcare business for approximately $220,000. At the time of acquisition, the center served approximately 100 enrolled children and operated as an established licensed childcare facility. Following that initial growth, the childcare industry experienced rising insurance costs, inflation, increasing interest rates, and unprecedented labor challenges. Recruiting and retaining qualified childcare employees became increasingly difficult. Management instability further affected operations, and by November 2023, enrollment had declined to approximately 30 children. The Debtor is proposing to sell all of its assets toward resolution of its debt issues, and to discontinue its business operations. The Debtor submits its liquidating plan. The Stalking Bidder in the liquidating plan is Bright Treasures Learning Center. The Debtor and Bright Treasures enter into a Purchase and Sale Agreement in the purchase price of $2,300.000. The sale is contingent on the buyer obtaining financing. The Buyer places a deposit with Debtor's counsel in the amount of $10,000. The closing sale is to take place on or before August 18, 2026. The Debtor believes that a prompt sale of the Property represents the best option available to maximize value for all stakeholders. The Debtor proposes that the Court conduct an auction wherein competing bidders may appear and may propose to pay a higher price for the property. The Debtor believes bid increments should be $5000. Proposed competing bids should be required to be submitted, along with a deposit of $10,000 prior to a Bid Deadline to be established by the Court. Any competing bid must under the same terms and conditions as exist in the Contract. The Debtor proposes that upon consummation of the sale, as reported by Debtor's counsel, the Court will enter an order approving the sale as being free and clear of all encumbrances and liens. About World Class Academy-Vero Beach LLC World Class Academy-Vero Beach, LLC operates in the education sector and is associated with the management and operation of academic programs and educational services. World Class Academy-Vero Beach sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17446) on June 8, 2026. In its petition, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Mindy A. Mora presides over the case. The Debtor is represented by Julianne R. Frank, PA. WORLD DISCOVERY: Seeks to Hire Dorothy Billings as Accountant ------------------------------------------------------------- World of Discovery, LLC seeks approval from the U.S. Bankruptcy Court for the District of Vermont to employ Dorothy Billings, a certified public accountant practicing in Milton, Vermont. The accountant will render these services: (a) prepare balance sheets; (b) monthly balance and reckoning of checking account; (c) cash flow statements, balance sheets, operating reports, etc; and (d) any and all accountancy duties. Ms. Billings will be paid at her hourly rate of $150. The accountant disclosed in a court filing that she is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Dorothy Billings, CPA 71 Racine Rd. Milton, VT 05468 About World of Discovery World of Discovery, Inc., was established in 2007 when Kim Dyer purchased a building located at Rte. 131 in Weathersfield, Vermont, after running a successful registered in-home childcare in Cavendish, Vermont for four years. World of Discovery sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Vt. Case No. 16-11293) on June 30, 2016. The petition was signed by Kim Dyer, president. At the time of the filing, the Debtor estimated assets and liabilities of less than $1 million. The Debtor tapped Rebecca Rice, Esq., at Cohen & Rice as counsel and Dorothy Billings as accountant. Y & Q HOME: Seeks to Tap Leech Tishman Fuscaldo & Lampl as Counsel ------------------------------------------------------------------ Y & Q Home Plus LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Leech Tishman Fuscaldo & Lampl, LLC as counsel. The firm's services include: (a) assist the Debtor with the preparation of its Schedules, Statement of Financial Affairs and other documents necessary to complete its petition; (b) provide counsel with respect to the Debtor's powers and duties in the continued operation of its business and management of its assets and with respect to the administration of its estate; (c) take all necessary actions to protect and preserve the Debtor's estate; (d) prepare on behalf of the Debtor all necessary legal papers in connection with the administration of its estate; (e) provide legal services to the Debtor in connection with the formulation and implementation of a plan of reorganization; and (f) perform any other such legal services as the Debtor may request. The firm received a retainer of $50,000 from the Debtor. John Steiner, Esq. and Michael Kruszewski, Esq., attorneys at Leech Tishman Fuscaldo & Lampl, 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 M. Steiner, Esq. Michael P. Kruszewski, Esq. Leech Tishman Fuscaldo & Lampl, LLC 525 William Penn Place, 28th Floor Pittsburgh, PA 15219 Telephone: (412) 261-1600 About Y & Q Home Plus LLC Y & Q Home Plus LLC is a Pittsburgh, Pennsylvania-based retailer specializing in kitchen and bath home furnishings. The company operates a showroom in Pittsburgh and offers custom cabinetry and shelving installation services for residential customers. Y & Q Home Plus LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-21760) on June 26, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Michael P. Kruszewski, Esq., at Leech Tishman Fuscaldo & Lampl, LLC. ZD SAND: Trustee Taps Hughes Watters Askanase as Counsel -------------------------------------------------------- Janet Northrup, the Chapter 11 Trustee for ZD Sand LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Hughes Watters Askanase, LLP as general counsel. The firm will provide these services: (a) represent the Trustee in investigating and analyzing the company's acts, conduct, assets, liabilities and financial condition, the operation of the business, and matters relevant to the formulation of a Chapter 11 plan; (b) assist the Trustee in obtaining information regarding estate assets, bank accounts, real and personal property, executory contracts and leases, and represent the Trustee in preparing and prosecuting necessary motions and other actions; (c) advise and consult with the Trustee regarding her powers and duties in the continued operation of the business and/or liquidation of assets; (d) file pleadings and represent the estate's interests in adversary proceedings, appeals, contested matters, litigation, mediation and arbitration; (e) analyze, institute and prosecute actions relating to recovery of estate property, avoidance litigation, collection and liquidation of assets; (f) assist in negotiating and consummating non-routine sales of assets, including sales free and clear of liens, claims and encumbrances; (g) institute and prosecute non-routine objections to proofs of claim; (h) coordinate activities with the United States Trustee, as appropriate; (i) aid in the representation of the Trustee in litigation brought against the Trustee in her official capacity; (j) render legal advice and assistance regarding taxation matters of the estate; (k) collect judgments entered in favor of the estate; and (l) assist in litigation and/or collection of existing legal claims, including association with third-party counsel. The firm will be compensated at its standard hourly rates, which currently range from $370 to $700 for partners, $220 to $950 for associates, of counsel and senior attorneys, and $60 to $225 for paraprofessionals. According to court filings, Hughes Watters Askanase, LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Heather H. McIntyre Beatrice Grevel HUGHES WATTERS ASKANASE, LLP 1201 Louisiana, 28th Floor Houston, TX 77002 Telephone: (713) 590-4200 Facsimile: (713) 590-4230 E-mail: amcintyre@hwa.com bgrevel@hwa.com About ZD Sand LLC ZD Sand LLC, doing business as ZD Sand & Rock LLC, provides sand, rock, and aggregate materials from its headquarters in Voca, Texas, including concrete and masonry sand, boulders, topsoil, and various gravels and palleted rocks. The company serves contractors, suppliers, and regional buyers, offering delivery services to support construction and landscaping projects. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32398) on April 6, 2026. In the petition signed by Thomas A. Dickinson, manager and representative of the Debtor, the Debtor disclosed up to $100 million in assets and up to $10 million in liabilities. Judge Jeffrey P. Norman oversees the case. Erin Jones, Esq., at Jones Murray, LLP, represents the Debtor as legal counsel. ZYYAH LLC: Seeks to Hire Leech Munsch Hardt Kopf & Harr as Counsel ------------------------------------------------------------------ Zyyah, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Leech Munsch Hardt Kopf & Harr, PC as counsel. The firm's services include: (a) serve as general counsel for the Debtor and provide representation and legal advice to it throughout the Bankruptcy Case; (b) assist the Debtor in carrying out its duties under the Bankruptcy Code; (c) consult with the United States Trustee, any statutory committee that may be formed, and all other creditors and parties-in-interest concerning administration of the Bankruptcy Case; (d) assist in a potential sale of the Debtor's assets; (e) prepare on behalf of the Debtor all legal papers and documents to further its estate's interests and objectives, and to assist it in the preparation of schedules, statements, and reports, and to represent the Debtor and its estate at all related hearings and at all related meetings of creditors, United States Trustee interviews, and the like; (f) assist the Debtor in connection with formulating and confirming a Chapter 11 plan; (g) assist the Debtor in analyzing and appropriately treating the claims of creditors; (h) appear before this Court and any appellate courts or other courts having jurisdiction over any matter associated with the Bankruptcy Case; (i) perform all other legal services and provide all other legal advice to the Debtor as may be required or deemed to be in the interest of its estate in accordance with its powers and duties as set forth in the Bankruptcy Code; and (j) defend the Debtor against any and all actions and claims made against it and its property. The firm will be paid at these hourly rates: Thomas Berghman, Shareholder $750 Jacob King, Associate $450 Heather Valentine, Paralegal $280 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $75,000 from the Debtor. Mr. Berghman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas D. Berghman, Esq. Munsch Hardt Kopf & Harr, PC 500 N. Akard St., Suite 4000 Dallas, TX 75201 Telephone: (214) 855-7500 Email: tberghman@munsch.com About Zyyah LLC Zyyah LLC is a Rockwall, Texas-based proptech startup that provides a home management software platform designed to streamline residential property operations. Zyyah LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-32821) on June 29. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Thomas Daniel Berghman, Esq., at Munsch Hardt Kopf & Harr PC. [] BOOK REVIEW: LING The Rise, Fall, & Return of a Texas Titan -------------------------------------------------------------- Author: Stanley H. Brown Publisher: Beard Books Softcover: 308 pages List Price: $34.95 Order your personal copy at http://amazon.com/exec/obidos/ASIN/1893122301/internetbankrupt Summed up neatly, this is Jim Ling, founder and CEO of Ling-Temco-Vought, once the fourteenth-largest corporation on the Fortune 500 list: That he was able to get control of - and combine - the sixth largest steel company, the eighth largest airline, the eighth largest defense contractor, the third largest meat packer, the largest sporting-goods maker, and a string of other companies in an almost random group of industries may well be the most significant thing to be said about him. Or maybe it is the fact that he performed all this from a base of little education, no connections, no money, no status, no leverage of any kind, but solely on the strength of what he discovered and created. As fascinating as Ling was, this book offers so much more. Stanley H. Brown presents a remarkable knowledge of and intriguing insights into corporate history and institutional behavior. He understands what makes organizations work, whether corporate, religious, or military. Although it has been more than 25 years since Jim Ling was on top of the world, he and his story remain hard to beat. He was a man of integrity. Faced with defeat, he conjured up innovative solutions. He picked up the pieces and tried something else, and even investors once burned went back for more. He believed in himself and his ventures absolutely, so much so that he kept all his won money and his children's money in LTV stock, and was wiped out when it went bust. Ling was born one of six in Hugo, Oklahoma. A devout Catholic in the fundamentalist Bible Belt, his father killed a fellow worker in a rage after years of enduring anti-Catholic torment and, although acquitted, was so racked with guilt he left the family to live in a monastery. Ling's mother died when he was eleven. He never finished high school. After a short stint in the Navy during World War II, during which time he became an electrician, he started Ling Electric in Dallas. Post-war Dallas was good to bright men who worked hard. The company grew exponentially. Ling discovered public investors and began infusing them with his enthusiasm, enthusiasm that made them hand over lots of money to him. And he began to acquire companies at a dizzying pace, bigger and bigger companies: meatpacker Wilson & Co., steelmaker Jones & Laughlin, Braniff Airlines, LTV Aerospace, Wilson Sporting Goods, and many other, smaller companies. He was masterful financier with seemingly endless ideas on making money work. So where did it go wrong? Ling's over-conglomerated conglomerate spun out of control. He was a micromanager extraordinaire and kept too much decision-making power to himself. He was a victim of his own success and overfed ego. He fought long and hard with the Justice Department in an antitrust suit over Jones & Laughlin, but the country's suspicion of conglomerates in the late 1960s got the better of him. In the end, he was ousted by his own people but, true to form, went on to try something new. The author researched this book very thoroughly. He convinced Ling to keep a journal during some critical moments and interviewed all the major players. Read it for the story of Ling, but also to learn about what makes people tick. Stanley H. Brown is a former writer and editor at Business Week, Fortune, and Forbes. His columns have appeared in numerous publications. [] Legal Bay Highlights Momentum in Clergy Abuse Settlements ------------------------------------------------------------ Legal Bay LLC, a leading provider of pre settlement funding, lawsuit funding, and legal funding, is highlighting significant developments in Catholic Archdiocese sexual abuse litigation as several dioceses and archdioceses across the United States continue to resolve long-standing claims through substantial settlements and court-supervised compensation programs. As a result of recent momentum the company has added Buffalo and Rochester clergies to its target funding list even though bankruptcy settlement is not finalized. The past year has seen continued momentum in clergy sexual abuse litigation. Most recently, the Archdiocese of San Francisco agreed to a $395 million settlement resolving more than 500 claims brought by survivors of childhood sexual abuse. The agreement includes financial compensation as well as institutional reforms intended to improve transparency and child protection. Meanwhile, proposed settlements involving other Catholic institutions continue to move forward. The Archdiocese of New York has proposed an approximately $800 million settlement covering roughly 1,300 survivors, while the Diocese of Camden in New Jersey recently reached a proposed $180 million settlement as part of its bankruptcy proceedings. These cases represent just a portion of the nationwide clergy sexual abuse litigation that has expanded following changes to statutes of limitations in several states. Legislative reforms have allowed many survivors to pursue civil claims that otherwise would have been time-barred, resulting in increased filings against dioceses, religious organizations, schools, and other institutions alleged to have failed to prevent or respond appropriately to abuse. Chris Janish, CEO of Legal Bay, commented, "We're continuing to see meaningful progress in clergy sexual abuse litigation as survivors obtain long-overdue opportunities to pursue justice. Unfortunately, these cases often involve lengthy legal proceedings. Through our detailed legal and underwriting we are now updating both Buffalo and Rochester to our current funding list even though the clergy bankruptcy remains still in dispute." If you're a lawyer or plaintiff involved in an active lawsuit and need an immediate cash advance against an impending lawsuit settlement, please visit Legal Bay at https://lawsuitssettlementfunding.com/?utm_source=prnewswire&utm_medium=referral&utm_campaign=pr or call toll-free at 877.571.0405. Although many dioceses have entered mediation or bankruptcy proceedings to establish survivor compensation trusts, litigation often remains lengthy and complex. Individual claims may require extensive documentation, discovery, negotiations, and court approval before compensation is ultimately distributed. As a result, survivors frequently wait months or years for their cases to conclude. In recent years, many Catholic dioceses and archdioceses have turned to Chapter 11 bankruptcy proceedings as a means of resolving hundreds or even thousands of sexual abuse claims through court-supervised compensation trusts. While bankruptcy can provide an organized framework for compensating survivors, it also frequently extends the timeline for victims seeking financial recovery, requiring court approval, mediation, insurance negotiations, and creditor voting before settlements can be finalized. The trend has continued into 2026. The Archdiocese of San Francisco's resolution, for example, follows its 2023 Chapter 11 bankruptcy filing. If approved by the bankruptcy court, the agreement would resolve one of the largest clergy abuse bankruptcy cases in the country and includes institutional reforms such as greater transparency, survivor notifications, and publication of a list of credibly accused clergy. Elsewhere, bankruptcy proceedings continue to shape clergy abuse litigation nationwide. Dioceses across the country continue negotiating compensation trusts and restructuring plans designed to resolve abuse claims filed under expanded state statutes of limitation. RECENT CASE VALUES APPROVED BY COURT: * Rockville Centre (NY): $323M settlement * Rochester (NY): $246–256M settlement * Syracuse (NY): $176M settlement RECENT CASE VALUES PENDING APPROVAL BY COURT: * Albany (NY): $148MM * Buffalo (NY): $150M–$274M proposed settlement * Camden (NJ): $180M settlement * New Orleans (LA): $230M settlement As these proceedings continue, survivors often face lengthy waits before compensation is distributed. Bankruptcy cases can involve multiple rounds of mediation, insurance coverage disputes, appeals, and court approval before settlement funds become available, leaving many plaintiffs in financial uncertainty for years after filing their claims. This extended timeline has increased demand for pre settlement funding and legal funding, allowing qualified plaintiffs to meet everyday financial obligations while their attorneys continue pursuing justice. Legal Bay has become a trusted provider of pre settlement funding for plaintiffs involved in sexual abuse litigation, institutional negligence claims, and other complex personal injury cases. The company's experienced staff works directly with plaintiffs and their attorneys to provide lawsuit funding, legal funding, loans on lawsuits, loans on lawsuit, and loan on lawsuit programs designed to help cover medical expenses, counseling costs, housing, transportation, and other everyday living expenses while litigation remains pending. Funding approvals are often completed within 24 to 48 hours after the necessary case documentation has been received. Importantly, Legal Bay's funding programs are non-recourse, meaning repayment is required only if the plaintiff successfully recovers compensation through a settlement or verdict. If there is no recovery, there is no obligation to repay the advance. Legal Bay also works with individuals who have not yet retained counsel by helping connect potential claimants with experienced attorneys familiar with clergy sexual abuse litigation and other institutional abuse cases. Legal Bay is a national leader in pre settlement funding, lawsuit funding, legal funding, settlement funding, loans on lawsuits, and litigation funding for sexual abuse litigation, personal injury, wrongful death, product liability, mass tort, and other complex lawsuits. Contact: Chris Janish, CEO Tel: (877) 571-0405 Email: info@LegalBay.com Website: www.LegalBay.com ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. 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