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T R O U B L E D C O M P A N Y R E P O R T E R
Thursday, July 30, 2026, Vol. 30, No. 211
Headlines
100 MCKNIGHT: Seeks to Tap Hilco Real Estate as Real Estate Broker
1251 PACIFIC: Seeks to Hire FIA Capital as Restructuring Advisor
1701 BINGLE: Seeks to Hire John Thayer CPA as Accountant
2003 MORRIS: Case Summary & Seven Unsecured Creditors
205 61ST STREET: Seeks to Hire Martin Law Group as Legal Counsel
22 EAST C: Court Extends Cash Collateral Access to Sept. 2
292 7TH STREET: Sam Della Fera Named Subchapter V Trustee
3 BROTHERS LAND: Hires Woods Rogers as Special Counsel
3220 S FISKE: Court Extends Cash Collateral Access to Sept. 1
351 NORTH HIGHLAND: Hires Rafael & Associates as Real Estate Agent
36 HANDLES: Gina Klump Named Subchapter V Trustee
372 PARKSIDE: Hires Harmony Homes Realty as Real Estate Broker
372 PARKSIDE: Hires Law Office of Narissa A. Joseph as Counsel
3DEO INC: Assigns IP Assets for Sale Under ABC Proceeding
6363 WEST: Seeks to Hire Standard Valuation Services as Appraiser
727 LOFTS: Hires Northmarq Multifamily LLC as Real Estate Broker
9486 HOLLY: Court OKs Bid to Appoint Chapter 11 Trustee
A BEAUTIFUL LIVING: Hires Colby Cross CPA as Accountant
A SNEAKER CITY: Hires Boyle Legal LLC as Bankruptcy Counsel
ABBEY GROUP: Seeks to Hire Winn Accounting Group as Accountant
ABEN GREMAL: Court OKs Appointment of Chapter 11 Trustee
ABEN GREMAL: Robert Yaquinto Appointed as Chapter 11 Trustee
ACTIVE SPINE: Hires Creative Planning Business as Accountants
ADONAI CONGREGATE: Plan Confirmation Hearing Scheduled for Aug. 26
AIR AUTHORITY: Hires Lane Law Firm PLLC as Bankruptcy Counsel
ALEA HOLDINGS: Hires Mr. Kravitz of Province LLC as CRO
ALEA HOLDINGS: Hires Sidley Austin LLP as Counsel
ALKEGEN: Continues Operations During Prepackaged Ch. 11 Process
ALKERMES INC: S&P Assigns 'BB' Rating on New $773MM Term Loan B
ALL AMERICAN: Gets Final OK to Use Cash Collateral
ALLSTATE LENDING: Plan Exclusivity Period Extended to Sept. 28
AMC ENTERTAINMENT: S&P Upgrades ICR to 'B-', Outlook Stable
AMERICAN EFFICIENT: Case Summary & 11 Unsecured Creditors
AMERICAN EFFICIENT: Hires Waldrep Wall Babcock as Co-Counsel
AMERICAN EFFICIENT: Seeks to Hire Jenner & Block as Legal Counsel
ANCARLO BROTHERS: Hires Mr. Monroig as Real Estate Broker
ANGIE'S MOBILE: Seeks to Hire Christian Miles as General Counsel
ARCHROCK INC: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
ASP UNIFRAX: Case Summary & 30 Largest Unsecured Creditors
ATARA BIOTHERAPEUTICS: Redmile Group Holds 9.9% Equity Stake
ATBIZ LLC: Plan Confirmation Hearing Scheduled for Sept. 8
AXE TACTICAL: Gets Fourth Interim OK to Use Cash Collateral
BETHUNE SUITES: U.S. Trustee Seeks Chapter 11 Truste Appointment
BIGFOOT PARADISE: Unsecureds to be Paid in Full in Sale Plan
BURNETT ENTERTAINMENT: Gets Extension to Access Cash Collateral
BY HOTEL: Hires Jeffrey T. Varsalone of VRS Restructuring as CRO
BY HOTEL: Seeks to Hire Richards Layton & Finger PA as Counsel
BY HOTEL: Seeks to Hire Stretto Inc as Administrative Advisor
C & J STORM: Hires Stewart Schmidlin Bullock as Special Counsel
C-M TRANSPORT: Hires Heyboer Law PLC as Counsel
CANDY SENSE: Gets Interim OK to Use Cash Collateral
CASHCALL INC: Case Summary & Eight Unsecured Creditors
CHERYL CHARLES: Hires Law Office of Narissa A. Joseph as Counsel
CLACKAMAS PHYSICAL: Hires Michael D. O'Brien as Bankruptcy Counsel
CLARITY DIAGNOSTICS: Hires Crown Medical as Collections Agent
CLOUTER CREEK: Seeks to Hire Martin/Truluck as Appraiser
COGNITIVE ORGANICS: Seeks to Use Cash Collateral
COMMODITY TRANSPORTERS: Hires David C. Johnston as Attorney
CONLIN STREET: Plan Confirmation Hearing Scheduled for Sept. 23
CRISCIONE MEYER: Hires Justice Law Group as Special Counsel
CUMULUS RESTAURANTS: Arturo Cisneros Named Subchapter V Trustee
DALLAS MOTORS: Unsecureds to Split $90.4K over 36 Months
DANLERIE FREIGHT: Seeks Continued Cash Collateral Access
DELTA STEEL: Scott Sackett Named Subchapter V Trustee
DISH DBS: Milbank & Howley Law Represent Noteholder Group
DOC'S DIVINE: Hires Heard Ary & Daurao LLC as Counsel
DOLPHIN COMPANY: Rejects Former CEO Claims, Affirms Ch. 11 Control
ECUBE LABS: Hires Berkeley Research as Forensic Accountant
ECUBE LABS: Hires HKA Global LLC as Data Forensics Expert
EMPIRE YORKTOWN: Gets Interim OK to Use Cash Collateral
ENGLEWOOD HOSPITALITY:Taps New Jersey Public Adjustors as Adjuster
ESCAMBIA COUNTY: Court OKs $2.2M Interim DIP Loan From United Bank
ETEGRA INC: Includes Texas Comptroller of Public Accounts Claim
FALLS OF PARRAMATTA: Hires R & K Interests as Property Manager
FALLS OF PARRAMATTA: Taps Robert C. Warren III of R & K as CRO
FLAMINGO SEPTIC: Gets Extension to Access Cash Collateral
FLEXSHOPPER INC: Seeks to Extend Plan Exclusivity to Oct. 19
FLUX POWER: Cleveland Capital Holds 6.8% Equity Stake
FULLER'S SERVICE: Gets OK to Retain Foresight, Use Cash Collateral
GAM ZU LATOV: Seeks to Hire K Filing Inc as Accountant
GENESIS SPORTS: Hires Giddens Mitchell & Associates as Attorney
GLOBAL MIDSOUTH: Has Until August 7 to File Bankruptcy Documents
GOLDENPEAKS POLAND: Comm. Taps Province LLC as Financial Advisor
GOLDENPEAKS POLAND: Committee Taps Womble Bond Dickinson as Counsel
GOVASSIST LLC: Hires Juan C. Bigas Valedon Law Office as Counsel
GRIT PRODUCTIONS: Gets Extension to Access Cash Collateral
HARTFORD CREATIVE: Names Kewei Huang Co-Chief Executive Officer
HEALTHY EXTRACTS: Raises $225K Through Convertible Note Financing
HIGH STREET: Gets Interim OK to Use Cash Collateral
HIGHLAND SPRINGS: Hires Gabriel Realty Group Inc. as Broker
HMH CO: S&P Downgrades ICR to 'CCC+', Outlook Negative
HOMETOWN HOSPITALITY: Hires Bruner Wright P.A. as Counsel
INDEPENDENT MEDEQUIP: Claims to be Paid from Continued Operations
J KRUSE INVESTMENTS: Plan Confirmation Hearing Set for Sept. 9
J-CM SERVICES: Case Summary & 20 Largest Unsecured Creditors
J-CM SERVICES: Gets Interim OK to Use Cash Collateral
JASPER THERAPEUTICS: Buys Kira, Plans $132 Million PIPE
JONATHAN GOLDWATER: Secured Party Sets July 27, 2026 Public Auction
KATE MALLER: Unsecureds Will Get 10.3% of Claims over 3 Years
KWR BEDFORD: Seeks to Hire Vincent M. Lentini as Counsel
LAKE BUENA: Plan Exclusivity Period Extended to Aug. 5
LFTD PARTNERS: Ad Real to Buy Lifted's Kenosha Facility for $1.5M
LIGHT OF THE WORLD: Hires Jim Turnbull CPA as Accountant
LIVECARE INC: Court Extends Cash Collateral Access to Sept. 29
LOCAL SEARCH: Hires Dunham Hildebrand Payne Waldron as Counsel
LURIN REAL ESTATE: Affiliate Gets Final OK to Use Cash Collateral
MAGELLAN AEROSPACE: Case Summary & 20 Largest Unsecured Creditors
MANN & WIFE: Case Summary & Four Unsecured Creditors
MAPLE TREE: Unsecureds Will Get 5% of Claims over 5 Years
MARMAR BEDFORD: Voluntary Chapter 11 Case Summary
MBA INVESTMENTS: Hires Q Financial Services as Tax Preparer
MEMA'S CHICK'N': Hires George Oliver PLLC as Bankruptcy Counsel
MENTORING AND BEHAVIORAL: Hires Barry A. Friedman as Counsel
MIZELL MEMORIAL: Ombudsman Hires Baker Donelson as Counsel
MPH RESTAURANTS: Trustee Hires Gregory K. Stern PC as Counsel
MULBERRYS MOBILE: Jerrett McConnell Named Subchapter V Trustee
MVP GROUP: Plan Confirmation Hearing Scheduled for Sept. 3
NANO PHARMACEUTICAL: Hires Money Forward as Accountants
NEGRONI BRICKELL: Hires Mr. Llodra of Squamish as CRO
NEW GRANT: Amends UC Grant & Lincoln Secured Claims Pay
NEW HORIZON: Leo Congeni Named Subchapter V Trustee
NORTH COUNTRY: Gets OK to Hire Brad Davis as Contractor
NORTH COUNTRY: Seeks to Hire KD Capital Auctions as Auctioneer
NOVA TERRA: Seeks to Hire Finanzas Al Dia as Accountant
NUWELLIS INC: Stockholders OK Reverse Split, Warrant Share Issuance
OCEAN POWER: Chairman Terence Cryan Steps Down After 14 Years
ODYSSEY MARINE: Receives Nasdaq Minimum Bid Price Deficiency Notice
OMNIS PLEASANTS: Ch. 11 Filing Aims to Support Sale, Restructuring
ONE GATEWAY: Amends Unsecured Claims Pay Details
OPTIMAL BEGINNINGS: Gets Final OK to Use Cash Collateral
OT ASPEKT: Seeks to Hire Alla Kachan P.C. as Attorney
OTIS WORLDWIDE: Liabilities Exceed Assets by $5.7-Bil. at June 30
OUTLOOK THERAPEUTICS: CEO, CFO Granted Options, FDA-Linked Bonuses
PARADISE ALLEY: Seeks to Tap Derbes Law Firm as Bankruptcy Counsel
PARI & GERSHON: Hires David C. Johnston as Attorney
PAULA J. KRUPPSTADT: Melissa Haselden Named Subchapter V Trustee
PAXTON & ASSOCIATES: Gets OK to Use Cash Collateral Until Sept. 18
PERASO INC: Receives Nasdaq Minimum Bid Price Deficiency Notice
PERASO INC: Schedules 2026 Annual Meeting for September 10
PEREZ MENENDEZ: Hires Jose E. Alicea Figueroa CPA as Accountant
PETER F. DIPAOLO: Plan Confirmation Hearing Scheduled for Aug. 25
PETER F. DIPAOLO: Unsecureds Will Get 6.9% via Quarterly Payments
PHRG INTERMEDIATE: S&P Alters Outlook to Negative, Affirms 'B' ICR
PLEASE & THANK YOU: Gets Extension to Access Cash Collateral
PRIORITY TOWING: Unsecureds Will Get 8% of Claims over 36 Months
REPUBLIC NATIONAL: Case Summary & 30 Largest Unsecured Creditors
RMA CA: Seeks 60-Day Extension of Plan Filing Deadline
ROTARY AIRLOCK: Gets Final OK to Use Cash Collateral
S&P TRUCKING: Hires Ripley Doorn & Co. as Accountant
SAIG LAUNDRY: Seeks to Hire Pro Business Valuations as Appraiser
SAMYS OC: Plan Exclusivity Period Extended to Aug. 24
SCIENS GROUP: Chapter 15 Recognition Hearing Scheduled for Aug. 10
SERVESTAR LLC: Gets Final OK to Use Cash Collateral
SHIV POOJA: Gets Final OK to Use Cash Collateral
SISTERS OF ST. ANN: Hires Holland & Knight as Bankruptcy Counsel
SISTERS OF ST. ANN: Hires Verdolino & Lowey as Financial Advisor
SKOLEM GROUP: Hires Raines Feldman Littrell as Bankruptcy Counsel
SLEEP NUMBER: UST Objection to Non-Insider Retention Plan Tossed
SSANG 7709: Hires Waldrep Wall Babcock & Bailey as Counsel
STORJ LABS: Commences Chapter 11 to Resolve Legacy Liabilities
SUN GIR: Trustee Taps Raines Feldman Littrell as Legal Counsel
SUPERNOVA MANAGEMENT: Hires Robert L. Norris CPA as Accountant
SUPERSTAR ELIZABETH: Third Amended Plan of Reorganization Confirmed
SYSTEM1 INC: Completes Debt Exchange Following Stockholder Approval
TEMPERED GLASS: Gets Final Court OK to Use Cash Collateral
THERAPY TREE: Seeks to Hire Engelman Berger P.C. as Counsel
TODD CREEK: Trustee Hires Markus Williams LLC as Counsel
TOTAL AIR: Unsecureds Will Get 20% of Claims over 72 Months
TRADAVO INC: Mark Dennis of SL Biggs Named Subchapter V Trustee
TRAVADO INC: Case Summary & 20 Largest Unsecured Creditors
TWENTY EIGHT: Gets OK to Use Cash Collateral Until Aug. 31
UTZ QUALITY: Moody's Puts 'B2' CFR Under Review for Downgrade
VEYTIA VENTURES: Gets Final OK to Use Cash Collateral
VISBY MEDICAL: Secured Party Sets July 29, 2026 Public Auction
VIVOSIM LABS: Receives Nasdaq Equity Deficiency Notice
WABNO HOSPITALITIES: Gets Extension to Access Cash Collateral
WOHALI LAND: Trustee Taps Cohne Kinghorn as Special Counsel
WRENCHERS LLC: Gets Final OK to Use Cash Collateral
ZEUS US BIDCO:S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
[^] Recent Small-Dollar & Individual Chapter 11 Filings
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100 MCKNIGHT: Seeks to Tap Hilco Real Estate as Real Estate Broker
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100 McKnight, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Illinois to employ Hilco Real Estate, LLC
as real estate broker.
The firm will provide these services:
(a) meet the Debtor to ascertain its goals, objectives, and
financial parameters in selling the Property;
(b) solicit interested parties and market the property for
sale through a managed qualifying bid sales process, with a bid
deadline and auction anticipated to occur on or about September 16,
2026 or within eight weeks after entry of the retention order; and
(c) at the Debtor's direction and on its behalf, negotiate the
terms of the sale of the property.
The firm will be compensated at these fees:
(a) Commission - in the event the property is sold, Hilco
shall earn a fee equal to 3.5 percent of the "Gross Sale
Proceeds";
(b) Stalking Horse Carve Out - the Debtor, either directly,
through counsel, or through Hilco, executes a binding stalking
horse purchase agreement by August 31, 2026 with Acumen Companies
and/or its affiliates, assignees, or designees or with Artisan
Capital Group and/or its affiliates, assignees, or designees, and
the transaction with that entity closes, Hilco shall earn a fee
equal to 1.75 percent of the Gross Sale Proceeds generated from
such stalking horse agreement. If the stalking horse bidder is
forced to overbid its stalking horse bid to be the final bidder or
buyer, Hilco will be owed its full 3.5 percent fee, and any overbid
requirement in a plan or bidding procedures must be sufficient to
pay Hilco's 3.5 percent fee in full in cash.
If no stalking horse purchase agreement is signed with Acumen or
Artisan Capital Group by August 31, 2026, the carve-out lapses, and
if either entity participates as a buyer and is ultimately the
winningbidder, Hilco will be owed its full 3.5 percent fee. If
Hilco presents a third-party stalking horse bidder that is
agreeable to the Debtor, a binding stalking horse purchase
agreement with that bidder is executed by August 31, 2026, and the
transaction closes, Hilco will be due its full 3.5 percent fee;
(c) Survival Period - If, within ten days after termination or
expiration of the term, Hilco delivers to the Debtor a written list
of prospects for the Property, and the Debtor consummates a sale of
the Property to a listed prospect (or its successor, assignee, or
designee) within one hundred eighty days after termination or
expiration, Hilco shall be entitled to its fee as if the sale had
occurred during the term. Notwithstanding the foregoing, Acumen and
Artisan Capital Group shall not be listed on the Prospect List;
In addition, the firm will seek reimbursement for expenses
incurred.
Eric Kaup, an executive vice president at Hilco 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:
Eric Kaup
Hilco Real Estate, LLC
5 Revere Dr Ste 206
Northbrook, IL 60062
About 100 McKnight LLC
100 Mcknight LLC is a single asset real estate company. It owns and
manages The Park at Constitution Trail Centre, a student housing
apartment community in Normal, Illinois.
100 McKnight sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ill. Case No. 25-19477) on December 22, 2025. In
its petition, the Debtor listed between $10 million and $50 million
in both assets and liabilities.
Honorable Bankruptcy Judge Jacqueline P. Cox is handling the case.
The Debtor is represented by Jeffrey K. Paulsen, Esq., at Paulsen &
Holtschlag, LLC.
1251 PACIFIC: Seeks to Hire FIA Capital as Restructuring Advisor
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1251 Pacific St LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ FIA Capital
Partners, LLC as restructuring advisor.
The firm will provide Mark Taub as chief restructuring officer and
certain additional personnel to the Debtor.
The CRO and additional personnel will provide these services:
(a) provide analysis and valuation of the Debtor's property;
(b) prepare operating reports, assure compliance with all U.S.
Trustee guidelines; and
(c) render such other general services consulting or other
such assistance as the Debtor or its counsel may deem necessary.
The firm's counsel and staff will be paid at these hourly rates:
David Goldwasser, Senior Managing Director $800
Marc Taub, Senior Managing Director $800
CFO/CPA $500
Managing Director $450
Paralegal $300
In addition, the firm will seek reimbursement for expenses
incurred.
The firm received a retainer from Jacob Zicherman, the Debtor's
managing principal, in the amount of $15,000.
Mr. Taub disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
Mark Taub
FIA Capital Partners, LLC
295 Front Street
Brooklyn, NY 11201
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.
The Debtor tapped Shafferman & Feldman LLP as counsel and FIA
Capital Partners, LLC as restructuring advisor.
1701 BINGLE: Seeks to Hire John Thayer CPA as Accountant
--------------------------------------------------------
1701 Bingle, LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of Texas to employ John Thayer CPA as
accountant.
The professional services of the firm to be rendered include
performing accounting services in connection with the preparation
of Internal Revenue Service returns required by the estate,
analysis of the Debtor's books and records, and evaluating the tax
ramifications associated with the liquidation of assets of the
estate.
The firm will be paid at the rate of $500 per month.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
John Thayer, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
John Thayer, CPA
1600 Highway 6, Suite 220
Sugar Land, TX 77478
Tel: (281) 552-8430
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.
2003 MORRIS: Case Summary & Seven Unsecured Creditors
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Debtor: 2003 Morris LLC
2003 Morris Avenue
Suite 2A
Union, NJ 07083
Business Description: 2003 Morris LLC owns and develops a
mixed-use property in Union, New Jersey, featuring residential
units, private and coworking offices, retail space and an
event center.
Chapter 11 Petition Date: July 16, 2026
Court: United States Bankruptcy Court
District of New Jersey
Case No.: 26-18135
Judge: Hon. John K. Sherwood
Debtor's Counsel: Nancy Isaacson, Esq.
GREENBAUM, ROWE SMITH & DAVIS LLP
75 Livingston Avenue
Roseland, NJ 07068
Tel: (973) 577-1930
E-mail: niaacson@greenbaumlaw.com
Estimated Assets: $10 million to $50 million
Estimated Liabilities: $10 million to $50 million
The petition was signed by Nicholas Wong as managing member.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/LR3OF5I/2003_Morris_LLC__njbke-26-18135__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's Seven Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. March Associates $1,513,128
Construction, Inc.
601 Hamburg
Turnpike
Suite 300
Wayne, NJ 07470
2. Union Township $142,585
1976 Morris Avenue
Union, NJ 07083
3. Greenbaum, Rowe, $44,000
Smith & Davis LLP
Att: Nancy Isaacson, Esq.
75 Livingston
Avenue, Suite 301
Roseland, NJ 07068
4. Union Township $39,774
1976 Morris Avenue
Union, NJ 07083
5. Connect One Bank $39,398
301 Sylvan Avenue
Englewood Cliffs,
NJ 07632
6. Lyon, Glassman, $32,090
Leites & Modi, LLC
Attn: Eliana M. Leites, Esq.
215 Ridgedale Avenue
Florham Park, NJ 07932
7. Peckar & Abramson, PC $16,641
70 Grand Avenue
River Edge, NJ 07661
205 61ST STREET: Seeks to Hire Martin Law Group as Legal Counsel
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205 61st Street Flats, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Columbia to hire Martin Law Group, P.C.
as its legal counsel.
The firm's rates presently range from $365 to $595 per hour.
The firm will receive an initial retainer in the amount of
$12,000.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Jeffery Martin, Jr., Esq., a partner at Martin Law Group, P.C.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Jeffery T. Martin, Jr., Esq.
Diana P. Dias, Esq.
Martin Law Group, P.C.
8065 Leesburg Pike, Suite 750
Vienna, VA 22182
Telephone: (703) 834-5550
Email: Jeff@martinlawgroup.com
About 205 61st Street Flats, LLC
205 61st Street Flats is a Washington, D.C.-based single-asset real
estate company that owns and leases two detached multifamily
apartment buildings at 205 and 209 61st Street NE in the city's
Deanwood area.
205 61st Street Flats, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D.C. Case No.
26-00329) on June 6, 2026, listing $1 million to $10 million in
both assets and liabilities. The petition was signed by Richard
Cunningham as managing member.
Judge Elizabeth L. Gunn presides over the case.
Jeffery T. Martin, Jr., Esq. at Martin Law Group, P.C. serves as
the Debtor's counsel.
22 EAST C: Court Extends Cash Collateral Access to Sept. 2
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The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division entered a fourth preliminary order authorizing 22
East C, LLC to use cash collateral through Sept. 2.
Under the order, the Debtor is authorized to use cash collateral
for court-approved payments, including quarterly U.S. Trustee fees,
and the operating expenses listed on the approved budget, with up
to a 10% variance for each budget line item. Additional
expenditures may be made with the written consent of secured lender
WebBank.
The Debtor's budget shows total monthly operational expenses of
$171,443.
The Debtor's cash collateral includes, without limitation, cash on
hand and accounts receivable. As of the petition date, the Debtor
held approximately $800 in cash and deposit accounts. Its
post-petition earnings may be subject to asserted liens held by
creditors, including WebBank, which is owed $70,073.
WebBank will be granted adequate protection through a post-petition
replacement lien on the cash collateral, with the same validity and
priority as its pre-petition lien. Additional safeguards include
insurance coverage on the collateral in accordance with the
Debtor's loan agreements with the lender.
The order preserves the rights of parties to seek changes to
adequate protection or challenge lien validity in the future.
The Debtor's authority to use cash collateral will automatically
terminate if its Chapter 11 case is dismissed or converted to
Chapter 7.
The order is available at
http://bankrupt.com/misc/22EastC_CCOrder68.pdf
A continued preliminary hearing is scheduled for September 2.
22 East C operates a long-established downtown Orlando nightclub.
Following the 2024 Orlando shooting, revenue declined significantly
due to a seven-day city curfew and extensive media coverage that
reduced downtown traffic. As a result, the Debtor entered into a
settlement with its landlord to repay three months of deferred rent
and legal fees over 12 months, increasing monthly rent by
approximately $6,800 to nearly $34,000. The Debtor remained current
under this arrangement until a late payment in December led the
landlord to accelerate repayment of the remaining arrearage.
The Debtor commenced Chapter 11 case to restructure its
obligations, stabilize operations, preserve value for customers and
creditors, and establish an efficient process for resolving all
claims.
About 22 East C LLC
22 East C, LLC, a Florida limited liability company, filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 26-00726) on February 3, 2026, listing
assets of between $500,001 and $1 million and liabilities of
between $1 million and $10 million. L. Todd Budgen, Esq., a
practicing attorney in Longwood, Fla., serves as Subchapter V
trustee for the Debtor.
Judge Lori V. Vaughan oversees the case.
Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor
as counsel.
The Debtor filed its proposed Chapter 11 plan of reorganization on
May 4, 2026.
292 7TH STREET: Sam Della Fera Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Sam Della Fera, Jr.
at Chiesa Shahinian & Giantomasi, PC as Subchapter V trustee for
292 7th Street, LLC.
The Subchapter V trustee can be reached at:
Sam Della Fera, Jr.
Chiesa Shahinian & Giantomasi, PC
105 Eisenhower Parkway
Roseland, NJ 07068
(973) 530-2076
Email: sdellafera@csglaw.com
About 292 7th Street LLC
292 7th Street, LLC is a Jersey City, New Jersey-based residential
real estate company that owns and manages residential rental
property. The company's operations are currently limited to a
single residential unit located at 292 7th Street in Jersey City.
The Chapter 11 filing follows a foreclosure action brought by
Wilmington Savings Fund Society, FSB, which had scheduled a
sheriff's sale of the property for July 16, 2026.
292 7th Street sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 26-18080) on July 15, 2026.
In its petition, the Debtor reported estimated assets of $500,000
to $1 million and estimated liabilities of $500,000 to $1 million.
Honorable Bankruptcy Judge Kate Stickles handles the case.
The Debtor is represented by Steven D. Pertuz, Esq., at the Law
Offices of Steven D. Pertuz, LLC.
3 BROTHERS LAND: Hires Woods Rogers as Special Counsel
------------------------------------------------------
3 Brothers Land Solutions, Inc. d/b/a Hurst Landworks seeks
approval from the U.S. Bankruptcy Court for the Western District of
Virginia to employ Woods Rogers Vandeventer Black PLC as special
counsel.
The firm's services include:
a. advising Debtor regarding the nature, extent, and validity
of the claim of Clyde Hurst, III, the father of the principals of
the Company (the "Insider");
b. advising Debtor regarding the treatment of executory
contracts with the Insider;
c. advising Debtor regarding the treatment of the Insider's
claim;
d. advising Debtor regarding the treatment of the Company's
obligations for which the Insider is a co-obligor;
e. advising Debtor regarding potential avoidance actions
against the Insider; and
f. commencing and conducting litigation necessary and
appropriate to assert rights held by the Debtor arising out of or
relating to the foregoing advice.
The firm will be paid at these rates:
Michael E. Hastings, Principal $765 per hour
Brian H. Richardson, Of Counsel $440 per hour
Russel Wade, Associate $325 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Hastings disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Michael E. Hastings, Esq.
Brian H. Richardson, Esq.
Woods Rogers Vandeventer Black PLC
10 S. Jefferson Street, Suite 1800
Roanoke, VA 24011
Telephone: (540) 983-7568
Email: michael.hastings@woodsrogers.com
brian.richardson@woodsrogers.com
About 3 Brothers Land Solutions Inc.
3 Brothers Land Solutions, Inc. provides land-clearing and
vegetation-management services for construction projects,
utilities, and infrastructure throughout Virginia.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Va. Case no. 26-60743) on June 5,
2026. In the petition signed by William Hurst, treasurer, the
Debtor disclosed up to $10 million in both assets and liabilities.
David Cox, Esq., at Cox Law Group represents the Debtor as counsel.
3220 S FISKE: Court Extends Cash Collateral Access to Sept. 1
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, entered a fourth interim order authorizing 3220 S
Fiske Blvd, LLC to use cash collateral through September 1.
Under the fourth interim order, the Debtor is authorized to use
cash collateral to fund court-approved payments and operating
expenses listed on its budget, subject to a 10% variance per line
item.
The Debtor's cash collateral consists of approximately $55.51 in
cash on hand, monthly accounts receivable of about $14,000, and
future payments from guests at its extended-stay motel in
Rockledge, Florida.
Subject to defenses and offsets, Irock Loans, LLC may assert claims
secured by a lien on the cash collateral.
Irock Loans and other secured creditors will be granted adequate
protection through replacement liens on cash collateral, with the
same validity, priority, and extent as their pre-petition liens.
Additional safeguards include liability and casualty insurance and
filing of biweekly reports on receipts and cash balances.
The interim order remains in effect until September 1, the
effective date of a confirmed Chapter 11 plan, or further court
order, subject to reconsideration upon request.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/4swad from PacerMonitor.com.
A continued hearing is scheduled for September 1.
About 3220 S Fiske Blvd LLC
3220 S Fiske Blvd, LLC, doing business as Rockledge Extended Stay,
operates an extended-stay hotel in Rockledge, Florida.
3220 S Fiske Blvd filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01242) on Feb.
24, 2026, with between $1 million and $10 million in both assets
and liabilities. Raffaello Ciciola, manager, signed the petition.
Judge Lori V. Vaughan oversees the case.
Andrew S. Ballentine, Esq., at Nardella & Nardella, PLLC represents
the Debtor as legal counsel.
Andrew Layden serves as Subchapter V trustee for the Debtor.
351 NORTH HIGHLAND: Hires Rafael & Associates as Real Estate Agent
------------------------------------------------------------------
351 North Highland Avenue, LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of California to employ
Rafael and Associates Co. as real estate agent.
The firm will provide these services:
a. show the subject property located at 351 North Highland
Avenue, Los Angeles, CA 90036, as necessary, to respond to
inquiries from potential buyers, and to solicit offers to sell from
potential buyers;
b. convey all reasonable sale offers to the Debtor and subject
to the Debtor's approval, to negotiate and confirm acceptance of
the best sale offer for the Subject Property;
c. order, analyze, and to cause to be prepared and submitted
all documentation necessary to consummate a sale of the Subject
Property; and
d. perform any other services which may be appropriate to
advise and assist the Debtor in the sale of the Subject Property.
The firm will be paid a commission of 2 percent of the purchase
price, plus an additional 1 percent if the potential buyer is not
represented.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
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 at:
Rafael Cohen
Rafael and Associates Co.
4221 Wilshire Blvd., Suite 290-16
Los Angeles, CA 90010
Tel: (310) 467-5993
About 351 North Highland Avenue
351 North Highland Avenue, LLC was formed in 2022 as a California
limited liability corporation, for the purpose of owning and
operating real property.
The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-20913) on December
4, 2025, with $1 million to $10 million in assets and liabilities.
Moshe Vanounou, managing member, signed the petition.
Judge Julia W. Brand presides over the case.
Melvin Teitelbaum, Esq., at the Law Offices of Melvin Teitelbaum
represents the Debtor as bankruptcy counsel.
36 HANDLES: Gina Klump Named Subchapter V Trustee
-------------------------------------------------
The U.S. Trustee for Region 17 appointed Gina Klump, Esq., at the
Law Office of Gina R. Klump, as Subchapter V trustee for 36 Handles
Public House.
Ms. Klump will be paid an hourly fee of $525 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Klump declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Gina Klump, Esq.
Law Office of Gina R. Klump
11 5th Street, Suite 102
Petaluma, CA 94952
Phone: (707) 778-0111
Email: gklump@klumplaw.net
About 36 Handles Public House
36 Handles Public House sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-24121) on July
20, 2026, with $500,001 to $1 million in assets and $100,001 to
$500,000 in liabilities.
Judge Christopher D. Jaime presides over the case.
372 PARKSIDE: Hires Harmony Homes Realty as Real Estate Broker
--------------------------------------------------------------
372 Parkside Avenue Inc seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Harmony Homes
Realty as real estate broker.
The firm will market and sell the Debtor's real property located at
372 Parkside Avenue, Brooklyn, NY 11226.
The firm will be paid a commission of 6 percent of the sale price.
Ms. Rossum disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Petal Van Rossum
Harmony Homes Realty
77 Tapscott Street, Suite B
Brooklyn, NY 11272
Tel: (917) 795-2646
About 372 Parkside Avenue Inc.
372 Parkside Avenue Inc. owns a two-family residential property at
372 Parkside Avenue in Brooklyn, New York, valued at $2 million.
372 Parkside Avenue Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42345) on May 14,
2026. In its petition, the Debtor reports total assets of
$2,000,000 and total liabilities of $1,967,714. The petition was
signed by Yusef Smith as president.
Honorable Bankruptcy Judge Jil Mazer-Marino handles the case.
The Debtor is represented by Narissa A. Joseph, Esq. at NARISSA
JOSEPH.
372 PARKSIDE: Hires Law Office of Narissa A. Joseph as Counsel
--------------------------------------------------------------
372 Parkside Avenue Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Law Office of
Narissa A. Joseph as counsel.
The firm's services include:
a. consulting with the Debtor concerning the administration of
the case;
b. investigating the Debtor's past transactions, commencing
actions with respect to the Debtor's avoiding powers under the
Bankruptcy Code; and advising the Debtor with respect to
transactions entered into during the pendency of the Debtor's case;
c. assisting the Debtor in the formation of a Chapter 11 plan;
and
d. performing any and all such other legal services as may
required by the Debtor in the interest of the estate.
The firm will be paid at these rates:
Partner $350 to 400 per hour
Associate $275 to 300 per hour
clerks and paraprofessionals $75 to 100 per hour
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Narissa A. Joseph, Esq. disclosed in a court filing that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.
The firm can be reached at:
Narissa A. Joseph, Esq.
Law Office of Narissa A. Joseph
305 Broadway Suite 1001
New York, NY 10007
Telephone: (212) 233-3060
About 372 Parkside Avenue Inc.
372 Parkside Avenue Inc. owns a two-family residential property at
372 Parkside Avenue in Brooklyn, New York, valued at $2 million.
372 Parkside Avenue Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42345) on May 14,
2026. In its petition, the Debtor reports total assets of
$2,000,000 and total liabilities of $1,967,714. The petition was
signed by Yusef Smith as president.
Honorable Bankruptcy Judge Jil Mazer-Marino handles the case.
The Debtor is represented by Narissa A. Joseph, Esq. at NARISSA
JOSEPH.
3DEO INC: Assigns IP Assets for Sale Under ABC Proceeding
---------------------------------------------------------
Insolvency Services Group, as assignee for the benefit of creditors
of 3DEO, Inc. under California law, announced it is soliciting
offers for substantially all of 3DEO's intellectual property
assets. The Assignee has received a stalking horse bid of
$3,426,507 covering the IP portfolio and certain machinery and
equipment, and has engaged Brian Testo Associates, LLC to market
the Assets. Qualified overbids are due August 12, 2026.
A Pioneer in Mass-Production Metal 3D Printing
3DEO was founded on the vision of becoming the premier metal 3D
printing parts service, combining mass-production additive
manufacturing with multidisciplinary design expertise. The company
developed the award-winning Intelligent Layering(R), a patented
metal additive manufacturing process pairing binder jetting with
layer-by-layer CNC milling to produce small, geometrically complex
metal parts with tighter tolerances (±0.002") and finer surface
finish (100 Ra) than conventional binder jetting or laser powder
bed fusion.
The Assets for sale represent a complete IP portfolio, including
patents, trademarks, proprietary process know-how, trade secrets,
software, and qualified materials data. The portfolio includes
sintering profiles, shrinkage compensation models, and mechanical
property data across four qualified alloys, and proprietary slicing
and cutting-path software.
Sale Process and Bidding Details
To qualify, an overbid must:
(a) be received by the Assignee at or before 12:00 p.m. PST on
August 12, 2026;
(b) be in form and substance substantially similar to the
stalking horse offer;
(c) propose a purchase price equal to or greater than the
qualified overbid amount specified in the bid instructions;
(d) be accompanied by an earnest money deposit of not less than
10% of the proposed price; and
(e) be accompanied by evidence of the bidder's ability to close.
If Qualified Overbids are received, the highest and best bid will
be determined at a live auction conducted by the Auctioneer via
Zoom on August 14, 2026. Interested parties must meet U.S. export
control requirements and sign a non-disclosure agreement to access
diligence materials and the stalking horse offer.
IP AUCTION BID DEADLINE: August 12, 2026, 12:00 PM PST
Concurrent Machinery & Equipment Auction
Separately, 3DEO's remaining machinery and equipment will be sold
lot-by-lot in an online timed public auction on BidSpotter.com. The
auction went live Friday, July 24, 2026, and closes Tuesday, August
18, 2026, at 10:00 AM. Details at www.btesto.com.
M&E AUCTION CLOSING: BidSpotter.com, Tuesday, August 18, 2026,
10:00 AM
This notice relates to a sale under an assignment for the benefit
of creditors under California law and is not an offer to sell or a
solicitation to buy any security.
6363 WEST: Seeks to Hire Standard Valuation Services as Appraiser
-----------------------------------------------------------------
6363 West 73rd Street, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Standard
Valuation Services, LLC, as appraiser.
The firm will provide these services:
a. conduct a site visit of the Debtor's real property located
at 6363 West 73rd Street, Bedford Park, Illinois 60638;
b. review amenities and characteristics of the property;
c. review and analyze market transactions;
d. examine the supply and demand factors affecting the
property;
e. research and review regional and local area demographics;
f. review the building/site plans as may be available;
g. review the title report as may be available;
h. develop a highest and best use analysis in consideration of
the local zoning and comprehensive plan;
i. conduct market research on improved sales and listings,
land sales and
listings, and improved rents;
j. convey a final written appraisal report with analysis and
SVS' value opinion of the property.
The Debtor desires to compensate SVS $6,000, plus reasonable
expenses.
As disclosed in the court filing, SVS does not hold or represent
any interest adverse to the Debtor's estate, is a "disinterested
person" as that phrase is defined in section 101(14) of the
Bankruptcy Code,
The firm can be reached through:
Gary K. DeClark
Standard Valuation Services, LLC
566 West Lake Street, Suite 240
Chicago, IL 60661
Phone: (312) 288-8687
About 6363 West 73rd Street LLC
6363 West 73rd Street, LLC is an Illinois limited liability
company.
6363 West 73rd Street, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-02031) on
February 3, 2026. In its petition, the Debtor reports estimated
assets between $1 million and $10 million and estimated liabilities
between $1 million and $10 million.
Honorable Bankruptcy Judge Timothy A. Barnes handles the case.
The Debtor is represented by Ben L. Schneider, Esq., and Matthew
Stone, Esq., at Schneider & Stone.
727 LOFTS: Hires Northmarq Multifamily LLC as Real Estate Broker
----------------------------------------------------------------
727 Lofts Best Living, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to employ Northmarq
Multifamily, LLC as real estate broker.
The firm's services include:
(a) representing the Debtor as its agent in all aspects of
identifying and communicating with prospective purchasers of the
property located at 727 E. Main Place, Jenks, Oklahoma 74037;
(b) participating in meetings with the Debtor and potential
purchasers;
(c) providing necessary information to prospective
purchasers;
(d) negotiating the terms and conditions of sale with any
prospective purchasers of the property; and
(e) generally taking any reasonable actions and initiatives
necessary to sell the property.
The broker would have received a 1.5% sales commission.
Northmarq Multifamily, LLC is a disinterested person as that term
is defined in section 104(14) of the Bankruptcy Code and does not
represent or hold an interest adverse to the Debtor or its estate,
according to court filings.
The firm can be reached through:
Benjamin Davis
Northmarq Multifamily, LLC
6120 South Yale Avenue, Suite 300
Tulsa, OK 74136
Phone: (918) 957-7048
Email: bdavis@northmarq.com
About 727 Lofts Best Living LLC
727 Lofts Best Living, LLC owns the 727 Lofts, a multifamily
apartment complex in Jenks, Oklahoma, that offers studio, one- and
two-bedroom apartments with modern residential amenities to tenants
in the Tulsa-area rental market.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-32779) on June 25,
2026, with up to $10 million in assets and up to $500,000 in
liabilities.
Judge Stacey G. Jernigan oversees the case.
Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor
as legal counsel.
9486 HOLLY: Court OKs Bid to Appoint Chapter 11 Trustee
-------------------------------------------------------
Judge Magdalena Reyes Bordeaux of the U.S. Bankruptcy Court for the
Central District of California granted the motion by Maxim Gorin to
appoint a Chapter 11 trustee for 9486 Holly Road, LLC.
Judge Bordeaux orderd the U.S. Trustee for Region 16 to appoint a
Chapter 11 trustee, with all of the rights, powers and duties
authorized under Section 1104 of the Bankruptcy Code.
In his motion filed April 27, Mr. Gorin raised the following
arguments:
* Multiple lawsuits filed against David Separzadeh, the
Debtor's managing member, involving different companies and
investors allege strikingly similar misconduct by Separzadeh
regarding the misappropriation of funds and the
concealment/falsification of financial records to hide such
misappropriation.
* The Schedules and SOFA, which were signed by Separzadeh, are
dishonest for the following reasons: (i) the Debtor failed to
disclose any rent payments received by the Debtor as gross revenue
in its SOFA; (ii) the Debtor failed to list the Shareholder Actions
as litigation that the Debtor is involved in (SOFA, § 7); and
(iii) the Debtor states that no payments, distributions, or
withdrawals have been given to insiders within one year of the
Petition Date and that no transfers have been made outside of the
ordinary course of business within two years of the Petition Date.
* As managing member of the Debtor, Separzadeh exercised
unfettered control over the Debtor's bank accounts and was solely
responsible for maintaining the Debtor's books, records, and money.
Moreover, the case has only been filed due to the gross
mismanagement of Separzadeh as managing member of the Debtor. The
Debtor's estate consists primarily of the Property. That asset fell
into default and foreclosure only after the Debtor's managing
member allowed the tenant, an entity he also controlled, to cease
paying rent.
* While the appointment of a trustee may result in some
additional administrative expense, those costs are outweighed by
the substantial benefits of having an independent fiduciary
investigate potential estate claims, ensure the accuracy of the
Debtor's representations and financial affairs, preserve the
Property, and administer the estate free from the conflicts and
disputes that presently face current management.
A copy of the order is available for free at
https://urlcurt.com/u?l=dYvzxO from PacerMonitor.com.
About 9486 Holly Road LLC
9486 Holly Road LLC is a limited liability company organized to own
and manage real estate assets.
9486 Holly Road LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10978) on February
11, 2026. In its petition, the Debtor disclosed $1 million to $10
million in both estimated assets and liabilities.
Honorable Bankruptcy Judge Magdalena Reyes Bordeaux handles the
case.
The Debtor is represented by David B. Golubchik, Esq., at Levene,
Neale, Bender, Yoo & Golubchik LLP.
A BEAUTIFUL LIVING: Hires Colby Cross CPA as Accountant
-------------------------------------------------------
A Beautiful Living Adult Family Home, LLC seeks approval from the
U.S. Bankruptcy Court for the Western District of Washington to
hire Colby Cross, CPA as its certified public accountant.
The professional services that Colby will render include assisting
Debtor with the filing of its taxes and providing accounting and
bookkeeping services and advice to Debtor.
Colby will be paid for services rendered for excise tax filing and
reporting, monthly accounting services, year-end tax planning and
advisory services, and year-end tax preparation services for a fee
of $2,000 per month.
Colby does not hold or represent any interest adverse to the
interests of the estate, and is a disinterested person within the
meaning of 11 U.S.C. Sec. 101(14), according to court filings.
The firm can be reached through:
Colby Cross, CPA
600 1st Ave #329
Seattle, WA 98104
Phone: (425) 484-8775
Email: colby@colbycrosscpa.com
About A Beautiful Living Adult Family Home, LLC
A Beautiful Living Adult Family Home, LLC is a Lynnwood,
Washington-based senior residential care provider that operates
adult family homes offering assisted living, dementia and
mental-health care, medication management, daily-living assistance
and related services for elderly residents.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W. D. Wash. Case No. 26-11896) on June 9,
2026. In the petition signed by Virginia C. Yanos, owner, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.
Judge Timothy W. Dore oversees the case.
Steven M. Palmer, Esq., at CAIRNCROSS & HEMPELMANN, P.S.,
represents the Debtor as legal counsel.
A SNEAKER CITY: Hires Boyle Legal LLC as Bankruptcy Counsel
-----------------------------------------------------------
A Sneaker City Albany Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of New York to hire Hires Boyle
Legal LLC as bankruptcy counsel.
The firm will provide these services:
a. give the Debtor legal advice with respect to powers and
duties as Debtor-in- Possession in the continued reorganization of
its debts;
b. take necessary actions to avoid liens against the Debtor's
property, remove restraints against Debtor's property and such
other actions to remove any encumbrances and liens which are
avoidable, which were placed against the property of the Debtor
prior to the filing of the Petition instituting this proceeding and
at a time when the Debtor was insolvent;
c. take necessary action to enjoin and stay until final
decree any attempts by secured creditors to enforce liens upon
property of the Debtor in which property of the Debtor has
substantial equity;
d. represent the Debtor, as Debtor-in-Possession, in any
proceedings which may be instituted in this Court by Debtor,
Creditors, or other Parties-in-Interest during the course of this
proceeding;
e. prepare necessary pleadings, answers, orders, reports, and
other legal papers;
f. perform all other Bankruptcy legal services for
Debtor-in-Possession or to employ attorneys, or other
Professionals, for such other non-Bankruptcy legal services during
the pendency of this Case.
The firm will be paid at these rates:
Michael Boyle (partner) $400 per hour
Paralegals $100 to $150 per hour
The firm received an initial retainer in the amount of $10,000,
inclusive of $1,738 filing fee.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Michael Boyle, Esq., a partner at Boyle Legal, LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Michael L. Boyle, Esq.
Boyle Legal, LLC
64 2nd Street
Troy NY 12180
Telephone: (518) 407-3121
Email: mike@boylebankruptcy.com
About A Sneaker City Albany Inc.
A Sneaker City, founded in 2018, sells sneakers, streetwear,
apparel, accessories, and sneaker-care products online and through
physical store locations. The company offers products in sizes
ranging from infants to adults and provides customer assistance
online and in stores. Its headquarters are in Albany, New York.
A Sneaker City Albany Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No.
26-10773) on July 10, 2026, listing $47,636 in assets and
$2,382,581 in liabilities. The petition was signed by Brandon
Gutierrez as president.
Judge Patrick G. Radel presides over the case.
Michael Boyle, Esq. at BOYLE LEGAL LLC serves as the Debtor's
counsel.
ABBEY GROUP: Seeks to Hire Winn Accounting Group as Accountant
--------------------------------------------------------------
The Abbey Group LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to hire The Regis Group
Inc. d/b/a Winn Accounting Group as accountant.
The firm will render these services:
a. update and correct accounting records;
b. assist in the preparation of the payroll;
c. assist in maintaining financial records;
d. provide financial statements and documents;
e. assist in the preparation of Monthly Operating Reports;
f. assist in the preparation of any documents necessary for
any audit by a government agency;
g. prepare the annual federal, state, and local tax returns;
h. assist in preparing projections needed for this case; and
i. provide other general accounting advice.
The firm will charge an hourly rate for general accounting service
of $90 for a bookkeeper and $135 for a certified public accountant,
flat fee of $2,160 per form for tax work, and $5 per paycheck for
payroll processing.
As disclosed in the court filing, The Regis Group Inc. does not
hold an interest adverse to the estate and is a disinterested
person to assist the debtor in carrying out its duties under the
Bankruptcy Code. 11 U.S.C. Sec. 327(a).
The firm can be reached through:
Frank W. Winn, CPA
The Regis Group, Inc.
d/b/a Winn Accounting Group
P.O. Box 3323
Leesburg, VA 20177
Phone: (703) 777-2233
About The Abbey Group LLC
The Abbey Group LLC, doing business as The Abbey on Butler Street,
operates a hospitality venue in Pittsburgh, Pennsylvania. The
company provides coffeehouse, bar, and dining services under one
roof, with food and drink menus, reservations, events, private
parties, and gift cards. Its venue includes The Coffeehouse, The
Parlour Bar, The Vesper Room, and an outdoor dining area.
The Abbey Group LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-21453) on May 22, 2026. In its
petition, the debtor reported estimated assets of $0-$100,000 and
estimated liabilities of $1 million-$10 million.
The debtor is represented by David Z. Valencik, Esq., of Calaiaro
Valencik.
ABEN GREMAL: Court OKs Appointment of Chapter 11 Trustee
--------------------------------------------------------
Judge Edward Morris of the U.S. Bankruptcy Court for the Northern
District of Texas approved the appointment of Robert Yaquinto, Jr.
as Chapter 11 trustee for Aben Gremal, LLC.
Mr. Yaquinto was appointed on July 21 by the U.S. Trustee for
Regions 6, the Justice Department's bankruptcy watchdog overseeing
Aben Gremal's Chapter 11 case.
After consulting with Joyce Lindauer, Esq., counsel for the Debtor;
Melissa Hayward, counsel for Matterhorn I, LLC; Seymour Roberts,
counsel for Friedman & Feiger, LLP; and Doug Ritcheson, counsel for
First National Bank of East Texas, the United States Trustee has
selected Mr. Yaquinto to serve as Trustee.
The bond is fixed at $10,000 personal recognizance.
To the best of the United States Trustee's knowledge, Mr.
Yaquinto's connections with the Debtor, creditors, and other
parties-in-interest, their respective attorneys and accountants,
the United States Trustee, and persons employed in the Office of
the United States Trustee are limited to the connections set forth
in Mr. Yaquinto's Verified Statement.
A copy of the order is available for free at
https://urlcurt.com/u?l=CW6VWO from PacerMonitor.com.
About Aben Gremal LLC
Aben Gremal LLC filed its voluntary petition for Chapter 11
protection (Bankr. N.D. TX Case No. 26-42282) on May 27, 2026,
listing $10 million to $50 million in assets and $10 million to $50
million in liabilities. Ken Goggans as manager, manager of Aben
Gremal LLC, signed the petition.
Judge Hon. Edward L Morris oversees the case.
Joyce Lindauer, Esq. of Lindauer & Vaughn serve as the Debtor's
legal counsel.
ABEN GREMAL: Robert Yaquinto Appointed as Chapter 11 Trustee
------------------------------------------------------------
Lisa Lambert, the U.S. Trustee for Region 6, appointed Robert
Yaquinto, Jr., as Chapter 11 trustee for Aben Gremal LLC.
The appointment was made pursuant to the order from the U.S.
Bankruptcy Court for the Northern District of Texas on July 20.
After consulting with Joyce Lindauer, counsel for the Debtor;
Melissa Hayward, counsel for Matterhorn I, LLC; Seymour Roberts,
counsel for Friedman & Feiger, LLP; and Doug Ritcheson, counsel for
First National Bank of East Texas, the United States Trustee has
selected Robert Yaquinto, Jr., to serve as Trustee.
The bond is fixed at $10,000 personal recognizance.
To the best of the United States Trustee's knowledge, Mr.
Yaquinto's connections with the Debtor, creditors, and other
parties-in-interest, their respective attorneys and accountants,
the United States Trustee, and persons employed in the Office of
the United States Trustee are limited to the connections set forth
in Mr. Yaquinto's Verified Statement.
A copy of the application is available for free at
https://urlcurt.com/u?l=53WYp3 from PacerMonitor.com.
About Aben Gremal LLC
Aben Gremal LLC filed its voluntary petition for Chapter 11
protection (Bankr. N.D. TX Case No. 26-42282) on May 27, 2026,
listing $10 million to $50 million in assets and $10 million to $50
million in liabilities. Ken Goggans as manager, manager of Aben
Gremal LLC, signed the petition.
Judge Hon. Edward L Morris oversees the case.
Joyce Lindauer, Esq. of Lindauer & Vaughn serve as the Debtor's
legal counsel.
ACTIVE SPINE: Hires Creative Planning Business as Accountants
-------------------------------------------------------------
Active Spine Physical Therapy, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Nebraska to employ Creative
Planning Business Services as accountants.
The firm will provide these services:
a. prepare federal and state income tax returns;
b. prepare any bookkeeping entries that we find necessary in
connection with preparation of the income tax returns; and
c. record any applicable depreciation entries.
The firm will be paid at a fee of $1,950 for the preparation of
Debtor's 2025 tax returns and all other services are on an hourly
basis at $285 per hour.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Roderique disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
John Roderique
Creative Planning Business Services
PO Box 950459
St. Louis, MO 63195-0459
Tel: (833) 431-2021
About Active Spine Physical Therapy LLC
Active Spine Physical Therapy, LLC provides adult and pediatric
physical therapy services.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Neb. Case No. 26-80704) on June 15,
2026, with $50,001 to $100,000 in assets and $500,001 to $1 million
in liabilities.
Patrick Raymond Turner, Esq., at Turner Legal Group, LLC represents
the Debtor as legal counsel.
ADONAI CONGREGATE: Plan Confirmation Hearing Scheduled for Aug. 26
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will hold a hearing on Aug. 26, 2026 at 1:30 p.m. before the
Honorable Martin R. Barash to confirm the Subchapter V Plan of
Reorganization of Adonai Congregate Living, Inc.
As shared by the Troubled Company Reporter, the Debtor's general
unsecured creditors are classified in Class 3. The total amount of
the allowed general unsecured claims in Class 3 is $1,698,740.23
and includes the undersecured portion of the SBA's claim. Based on
the liquidation analysis and the income valuation of the Debtor's
assets, the holders of allowed general unsecured claims in Class 3
shall receive an estimated 2% pro-rata distribution through the
plan.
The distribution to allowed general unsecured claims will be made
monthly, with the first payment of $566.23 due on the effective
date, followed by 59 consecutive payments, each in the amount of
$566.23, to be paid pro-rata to each holder of allowed unsecured
claim.
The equity security holder of the Debtor is Syuzanna Mnatsakanyan.
She does not hold a pre-petition or a post-petition claim against
the Debtor. She will retain her 100% equity interest in the
Debtor.
The Debtor's proposed 5-year projections itemize the Debtor's
income source and the expense for the next 5 years. The Debtor
intends to fund its plan from the continued operation of its
business.
A full-text copy of the Plan of Reorganization dated June 4, 2026
is available at https://urlcurt.com/u?l=GmOTiV from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Michael Jay Berger, Esq.
Law Offices of Michael Jay Berger
9454 Wilshire Boulevard, 6th Floor
Beverly Hills, CA 90212
Telephone: (310) 271-6223
Email: Michael.Berger@bankruptcypower.com
A copy of the Court's Order dated July 15, 2026, is available at
https://urlcurt.com/u?l=eVUMYm from PacerMonitor.com.
About Adonai Congregate Living
Adonai Congregate Living, Inc., operates as a provider of
congregate living and residential care services.
Adonai Congregate Living sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10098) on Jan. 20,
2026, with between $100,001 and $500,000 in both assets and
liabilities.
Bankruptcy Judge Martin R. Barash handles the case.
The Debtor is represented by the Law Offices of Michael Jay Berger.
AIR AUTHORITY: Hires Lane Law Firm PLLC as Bankruptcy Counsel
-------------------------------------------------------------
Air Authority LLC seeks approval from the U.S. Bankruptcy Court for
the Western District of Texas to employ Lane Law Firm, PLLC as
bankruptcy counsel.
The firm will provide these services:
a. advise and represent the Debtor as debtor in possession in
the administration of this bankruptcy case.
b. analyze the Debtor's assets and liabilities, investigate
the extent and validity of liens and claims, and review or
participate in any proposed asset sales or dispositions.
c. communicate and negotiate with creditors and other parties
in interest.
d. prepare pleadings, including motions and applications, and
to represent the Debtor in all meetings, hearings, and conferences,
including the section 341 meeting of
creditors.
e. assist in the preparation, analysis, and negotiation of a
plan of reorganization and any accompanying disclosure statement,
and to facilitate confirmation of such plan.
f. take all actions necessary to protect and preserve the
Debtor and its assets, including maintaining going-concern value
for the benefit of creditors.
g. appear before this Court and any other court or tribunal,
as appropriate, and to represent the Debtor before the United
States Trustee.
h. perform such other legal services as may be necessary in
connection with this case.
The firm will be paid at these rates:
Robert C. Lane (lead) Partner $725 per hour
Joshua D. Gordon Partner $700 per hour
Matthew W. Bourda Senior Counsel $700 per hour
A. Zachary Casas Attorney $575 per hour
Kyle Garza Attorney $500 per hour
Paraprofessional staff Paralegal $250 per hour
The firm will be paid a retainer in the amount of received a
retainer of $35,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Lane disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Robert C. Lane, Esq.
Joshua D. Gordon, Esq.
Matthew W. Bourda, Esq.
6200 Savoy, Suite 1150
Houston, TX 77036
Tel: (713) 595-8200
Fax: (713) 595-8201
Email: notifications@lanelaw.com
joshua.gordon@lanelaw.com
matt.bourda@lanelaw.com
About Air Authority LLC
Air Authority LLC is a San Antonio, Texas-based provider of HVAC
and air conditioning services serving residential and commercial
customers throughout the San Antonio and Houston metropolitan
areas. The company specializes in heating, ventilation and air
conditioning installation, maintenance and repair services.
Air Authority LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51896) on
July 13, 2026. In its petition, the debtor reported estimated
assets of $100,000 to $500,000 and estimated liabilities of $1
million to $10 million.
Honorable Bankruptcy Judge Aubrey L. Thomas handles the case.
The debtor is represented by Robert Chamless Lane, Esq., of The
Lane Law Firm PLLC.
ALEA HOLDINGS: Hires Mr. Kravitz of Province LLC as CRO
-------------------------------------------------------
Alea Holdings US Company and affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Peter
Kravitz of Province, LLC as chief restructuring officer.
The firm's services include:
(a) overseeing the Debtors' cash and liquidity management, and
developing and implementing cash management strategies, including
working with the Postpetition Facility Lender to optimize the use
of financing proceeds;
(b) overseeing the Debtors' short term cash flow forecasting
tools and related methodologies and assisting with day to day
operating, wind down, and financing needs;
(c) leading the development of, negotiations with creditors
regarding, and execution of the Debtors' restructuring or wind down
strategy;
(d) leading the Debtors in their chapter 11 proceedings,
including the preparation and oversight of financial statements,
schedules and statements of financial affairs, monthly operating
reports, first day pleadings, and other required information;
(e) assisting the Debtors in obtaining Court approval for the
use of cash collateral or other financing, including developing
forecasts and related information;
(f) assisting the Debtors with claims management and
reconciliation;
(g) assisting the Debtors in the development of the Plan and any
related analyses necessary to confirm the Plan;
(h) working with the Debtors and their other retained
professionals to investigate the Debtors' corporate structure and
operating history;
(i) assisting the Debtors in communications and negotiations
with key constituents, including lenders and other stakeholders;
and
(j) providing such other services as may be agreed among the
Debtors, Province, the Postpetition Facility Lender, and the
Debtors' other retained professionals.
The firm will be paid at these hourly rates:
Managing Directors/Partners $900-$1,600
Vice Presidents/Directors/Senior Directors $700-$1,050
Analysts/Associates/Senior Associates $370-$750
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
The firm will be paid a monthly fee of $85,000 over the course of
these Chapter 11 Cases.
The firm will be paid a one-time restructuring fee of $250,000 for
any Restructuring Transaction consummated on or following the
commencement of these Chapter 11 Cases.
Mr. Kravitz disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Peter Kravitz
Province Partners, LLC
2360 Corporate Circle, Suite 340
Henderson, NV 89074
Phone: (702) 685-5555
Email: pkravtiz@provincefirm.com
About Alea Holdings US Company
Alea Holdings US Company, FIN Alea LLC, and Alea Group Holdings
(Bermuda) Ltd. are holding companies and
indirect subsidiaries of Catalina Holdings (Bermuda) Ltd.,
operating within the broader Catalina Re group. The companies hold
and oversee regulated insurance subsidiaries, including SPARTA
Insurance Company, Alea North America Insurance Company, and
National American Insurance Company of California, as well as
dormant entity QLT Buffalo LLC. Their subsidiaries establish
reserves, negotiate settlements, pay outstanding insurance claims,
and manage regulatory and capital requirements.
Alea Holding US Company and affiliates sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
26-90714) on July 19, 2026. In its petition, the Debtor reports
estimated assets between $10 million and $50 million and estimated
liabilities between $1 million and $10 million. The petitions were
signed by Peter Kravitz as chief restructuring officer.
The Debtor is represented by Duston K. McFaul, Esq. of Sidley
Austin LLP. Peter Kravitz of Province LLC serves as Financial
Advisor/CRO. Greenberg, LLP served as Special Committee Counsel,
and Omni Agent Solutions Inc. as Claims Agent.
ALEA HOLDINGS: Hires Sidley Austin LLP as Counsel
-------------------------------------------------
Alea Holdings US Company and affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Sidley Austin LLP as counsel.
The firm will render these services:
a. provide legal advice with respect to the Debtors' powers
and duties as debtors in possession in the continued operation of
the Debtors' business;
b. take all necessary action to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of actions commenced against the
Debtors, the negotiation of disputes in which the Debtors are
involved, and the preparation of objections, as necessary, to
relief sought and claims filed against the Debtors' estates;
c. prepare on behalf of the Debtors, as debtors in possession,
all necessary motions, applications, answers, orders, reports, and
other court filings and papers in connection with the
administration of the Debtors' estates;
d. advise the Debtors concerning, and prepare responses to,
applications, motions, other pleadings, notices, and other papers
that may be filed by other parties in these chapter 11 cases;
e. attend meetings and negotiate with representatives of
creditors and other parties in interest, attend court hearings, and
advise the Debtors on the conduct of their chapter 11 cases;
f. together with Meru and Hilco, advise, negotiate, and assist
with any sale or other disposition of the Debtors' assets;
g. prepare and refine on behalf of the Debtors a chapter 11
plan, disclosure statement, and/or all related agreements and
documents necessary to facilitate an exit from these chapter 11
cases, take appropriate action on behalf of the Debtors to obtain
confirmation of such plan, and take such further actions as may be
required in connection with the implementation of such plan;
h. provide legal advice and perform legal services with
respect to matters relating to corporate governance, the
interpretation, application or amendment of the Debtors'
organizational documents, material contracts, and matters involving
the Debtors with their officers, directors, and managers;
i. provide legal advice and legal services with respect to
litigation, tax, and other general legal issues for the Debtors to
the extent requested by the Debtors; and
j. perform all other necessary legal services in connection
with the prosecution of these chapter 11 cases.
The firm will be paid at these hourly rates:
Attorneys $1,770 to $2,870
Associates $910 to 1,855
Paraprofessionals $510 to $805
In addition, the firm will seek reimbursement for expenses
incurred.
Prior to the petition date, the firm received a retainer of
$3,250,000 from the Debtors.
The following responses are provided in response to the questions
set forth in Paragraph D.1 of the U.S. Trustee Guidelines:
a. Question: Did Sidley agree to any variations from, or
alternatives to, Sidley's standard or customary billing
arrangements for this engagement?
Answer: Sidley did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements for
this engagement.
b. Question: Do any of the Sidley professionals in this
engagement vary their rate based on the geographic location of the
bankruptcy case?
Answer: No. The hourly rates of the Sidley professionals
representing the Debtors are consistent with the rates that Sidley
charges other Chapter 11 clients, regardless of the geographic
location of the Chapter 11 case.
c. Question: If Sidley represented the Debtors in the 12 months
prepetition, disclose Sidley's billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If Sidley's billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.
Answer: The billing rates and material financial terms of
Sidley's prepetition engagement by the Debtors are set forth in the
Application. Such billing rates are subject to periodic increases,
as set forth herein and in the Application, but other material
financial terms have not changed postpetition compared to services
provided to the Debtors prepetition.
d. Question: Have the Debtors approved Sidley's prospective
budget and staffing plan, and, if so, for what budget period?
Answer: Sidley, in conjunction with the Debtors and Province
LLC, has developed a prospective budget and staffing plan for these
Chapter 11 Cases for the period from the Petition Date to and
including September, 2026.
Stephen Hessler, Esq., a partner at Sidley Austin, 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:
Stephen E. Hessler, Esq.
Patrick Venter, Esq.
Weiru Fang, Esq.
SIDLEY AUSTIN LLP
787 Seventh Avenue
New York, NY 10019
Telephone: (212) 839-5300
Facsimile: (212) 839-5599
Email: shessler@sidley.com
pventer@sidley.com
weiru.fang@sidley.com
About Alea Holdings US Company
Alea Holdings US Company, FIN Alea LLC, and Alea Group Holdings
(Bermuda) Ltd. are holding companies and
indirect subsidiaries of Catalina Holdings (Bermuda) Ltd.,
operating within the broader Catalina Re group. The companies hold
and oversee regulated insurance subsidiaries, including SPARTA
Insurance Company, Alea North America Insurance Company, and
National American Insurance Company of California, as well as
dormant entity QLT Buffalo LLC. Their subsidiaries establish
reserves, negotiate settlements, pay outstanding insurance claims,
and manage regulatory and capital requirements.
Alea Holding US Company and affiliates sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
26-90714) on July 19, 2026. In its petition, the Debtor reports
estimated assets between $10 million and $50 million and estimated
liabilities between $1 million and $10 million. The petitions were
signed by Peter Kravitz as chief restructuring officer.
The Debtor is represented by Duston K. McFaul, Esq. of Sidley
Austin LLP. Peter Kravitz of Province LLC serves as Financial
Advisor/CRO. Greenberg, LLP served as Special Committee Counsel,
and Omni Agent Solutions Inc. as Claims Agent.
ALKEGEN: Continues Operations During Prepackaged Ch. 11 Process
---------------------------------------------------------------
Alkegen, a leading specialty materials manufacturer, announced that
it has voluntarily commenced prepackaged chapter 11 cases in the
U.S. Bankruptcy Court for the Northern District of Texas to
implement the Restructuring Support Agreement that was previously
announced on July 20, 2026.
Under the terms of the RSA, Alkegen will eliminate approximately
$3.1 billion of total debt and meaningfully improve its capital
structure, positioning the Company for continued industry
leadership. Alkegen enters this process with the committed support
of its key financial partners and has secured $315 million in new
money debtor-in-possession financing. Upon Court approval, the DIP
financing will provide the necessary capital to support the
business, maintain existing operations, and meet commitments to
Alkegen's partners throughout the restructuring process.
"Today's filing marks an important milestone in implementing our
financial restructuring," said Brian Whittman, Chief Executive
Officer of Alkegen. "We have the support of our financial partners,
a strong underlying business, and an unwavering focus on serving
our customers around the world. Throughout this process, we expect
to operate as usual while taking an important step toward emerging
with a stronger financial foundation that will enable us to
continue investing in innovation, supporting our customers, and
executing our long-term strategy."
Continuity of Operations During Prepackaged Chapter 11 Process
The Company will continue operating in the ordinary course, with no
anticipated disruption for employees, customers, suppliers, or
business partners across global operations. To ensure a seamless
transition into the prepackaged chapter 11 process, Alkegen has
filed several customary "First Day Motions." Among these customary
motions is an "All Trade Motion," which seeks authority to continue
paying all trade creditors, vendors, and suppliers in the ordinary
course pursuant to existing terms. Upon Court approval, these
motions will enable the Company to continue its operations and
uphold its commitments to employees, vendors, and customers.
Alkegen expects to complete a quick, efficient court-supervised
process in approximately 60 days.
International Operations Through Prepackaged Chapter 11
The prepackaged chapter 11 cases include Alkegen's U.S.-based
operations and certain international entities, including those
based in Canada, the United Kingdom, Germany, Luxembourg, the
Netherlands, and Hong Kong. Importantly, none of Alkegen's
international entities will conduct local insolvency proceedings in
their respective jurisdictions. Business in these countries will
continue to be conducted as usual with no impact on the Company's
ability to deliver for customers or fulfill commitments to
vendors.
Luyang Energy-Saving Materials Co., Ltd. ("Luyang") and its
subsidiaries are not part of the U.S.-based restructuring process
and will not be directly impacted by the chapter 11 cases. Luyang
will continue to operate in the ordinary course, with no changes to
management, operations, employees, customers, or supplier
relationships. Luyang's status as a listed company will remain
unaffected, and Alkegen will maintain its majority stake following
completion of this process, with no ultimate controlling
shareholders outside of the Company.
Emerging Stronger
Upon emergence, Alkegen expects to have approximately $200 million
in available liquidity and the financial flexibility to continue
investing across its leading product portfolio. The Company is
investing approximately $70 million in capital improvements in
2026, with an additional approximately $300 million anticipated
through 2030. Upon completion of the restructuring, Alkegen will be
owned by a group of leading institutional investors. With a
stronger financial foundation, Alkegen will be well-positioned to
enhance its leadership in specialty materials and thermal
management and filtration solutions, invest in the next generation
of its product offerings, and continue serving customers around the
world.
Additional information regarding Alkegen's chapter 11 process is
available at alkegen.com/financial-restructuring/ and
https://restructuring.ra.kroll.com/Alkegen. Stakeholders with
questions may call Kroll at (888) 349-3237 (US and Canada toll
free) and +1 (332) 230-1843 (International), or by emailing
AlkegenInfo@ra.kroll.com.
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.
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.
ALKERMES INC: S&P Assigns 'BB' Rating on New $773MM Term Loan B
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to Alkermes Inc.'s (a subsidiary of Alkermes PLC)
proposed $773 million term loan B. The '3' recovery rating
indicates its expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of a default. S&P views the
transaction as leverage neutral because the company will use the
proceeds from this facility to retire its outstanding term loan.
S&P's 'BB' issuer credit rating and stable outlook on Alkermes are
unchanged. The stable outlook reflects its expectation the company
will remain committed to using excess cash flow to repay debt. This
will allow leverage to decline below 3x by 2027 and remain below
that threshold in subsequent years, notwithstanding a transient
increase following the Avadel Pharmaceuticals acquisition.
Issue Ratings--Recovery Analysis
Key analytical factors
-- Alkermes' proposed capital structure comprises a $745 million
term loan A and a $773 million term loan B, both due 2031.
-- The '3' recovery rating indicates S&P's expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery.
-- S&P's hypothetical default scenario considers a default
occurring in 2031 as intense competition and pricing pressures
erode sales in the company's proprietary portfolio of drugs.
-- Under this scenario, S&P assumes Alkermes would reorganize
rather than liquidate.
-- S&P has valued the company on a going-concern basis using a 7x
multiple of its projected emergence EBITDA, which is consistent
with our treatment of its peers.
Simulated default assumptions
-- Simulated year of default: 2031
-- Implied enterprise value multiple: 7x
-- EBITDA at emergence: $139 million
Simplified waterfall
-- Net enterprise value (after 5% administrative costs): $921
million
-- Total value available to secured creditors: $921 million
-- Secured first-lien debt: $1.379 billion
--Recovery expectations: 50%-70% (rounded estimate: 65%)
Note: All debt amounts include six months of prepetition interest.
ALL AMERICAN: Gets Final OK to Use Cash Collateral
--------------------------------------------------
All American Worldwide, Inc. received final approval from the U.S.
Bankruptcy Court for the Northern District of Texas, Dallas
Division, to use cash collateral of its secured lender, Frost
Bank.
Under the final order, the Debtor is authorized to use cash
collateral in accordance with a 13-week cash-flow budget and only
for ordinary-course business expenses. The order prohibits
increases in insider compensation, bonuses, retention payments,
severance, or other extraordinary insider payments without either
court approval or Frost Bank's written consent.
As adequate protection, Frost Bank will receive replacement liens
on the Debtor's post-petition cash and accounts receivable
(excluding Chapter 5 avoidance actions) and will receive monthly
adequate protection payments of $1,000, beginning August 3.
The Debtor must provide financial reporting, including weekly
budget-to-actual reconciliations, weekly accounts receivable aging
reports, weekly cash reports, and monthly debtor-in-possession bank
statements. It must also remain current on post-petition tax
obligations, maintain insurance on collateral, and comply with the
approved budget and reporting requirements.
The court preserves all parties' rights to challenge the validity,
priority, or extent of liens and claims, confirmed that statutory
Texas ad valorem tax liens retain their priority where applicable,
and established a carveout protecting U.S. Trustee fees, approved
professional fees and expenses, and Subchapter V Trustee fees from
Frost Bank's liens. The order became effective immediately upon
entry.
The Debtor's authority to use cash collateral will terminate upon
certain events of default, including unauthorized use of funds,
failure to provide required reports, missed adequate protection
payments, failure to maintain insurance, or noncompliance with the
budget.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/sjlCA from PacerMonitor.com.
Frost Bank, as secured creditor, is represented by:
Joshua L. Shepherd, Esq.
Ryan Anderson, Esq.
Iacuone McAllister Potter PLLC
Energy Square One
4925 Greenville Ave., Suite 1112
Dallas, TX 75206
Telephone: (214) 432-6744
shepherd@imcplaw.com
anderson@imcplaw.com
About All American Worldwide Inc.
All American Worldwide, Inc. is a Dallas TX-based commercial
moving, warehousing, and logistics provider.
All American Worldwide filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No.
26-31739) on April 27, 2026. In the petition signed by Jenniver
Armistead, majority shareholder, the Debtor disclosed up to $50,000
in assets and up to $1 million in liabilities.
Judge Stacey G. Jernigan oversees the case.
Brandon Tittle, Esq., at Tittle Santiago, PLLC, represents the
Debtor as legal counsel.
Katharine Battaia Clark of Thompson Coburn, LLP serves as
Subchapter V trustee for the Debtor.
ALLSTATE LENDING: Plan Exclusivity Period Extended to Sept. 28
--------------------------------------------------------------
Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California extended Allstate Lending Group, Inc.
("ALGI") and Allstate Lending Group Servicing, LLC's ("ALGSL")
exclusive periods to file a plan of reorganization and obtain
acceptance thereof to Sept. 28 and Nov. 25, 2026, respectively.
As shared by Troubled Company Reporter, the Debtors explain that to
move this case forward, there are two main issues that must be
resolved. The first is the forensic accounting of inflows and
outflows and then matching those to individual lenders and
borrowers. This is required because the Debtors maintained no
electronic accounting or loan servicing system and what records do
exist are not well-organized or accurate.
The second is determining how beneficiaries of recorded assignments
of deeds of trust and unrecorded assignments of deeds of trust
should be treated with respect to payments related to those loans.
The forensic accounting is nearing completion, with transactions
being matched to particular loans. The Debtors will then be able to
determine the exact status of each of the remaining active loans
and formulate a proposal for how to address the various
constituencies in this case.
The Debtors claim that the process is expected to result in a
reduction to the filed claims and will enable the Debtor to be
proactive in its efforts to service the active loans. Until then,
the formulation of a plan of liquidation for the Debtors is
premature because there are too many unknown variables.
The Debtors assert that the forensic accounting will also be
critical to identifying claims against third parties that can be
pursued for the benefit of the Debtors' creditors. The forensic
accounting will also demonstrate how funds from lenders flowed and
assist the Debtors in developing a recommendation as to how to
treat beneficiaries of both recorded and unrecorded assignments of
the beneficial interests in notes and deeds of trust.
The Debtors further assert that pending the outcome of this
analysis, it is premature for the Debtors to formulate their plans
of liquidation. Accordingly, the Debtors are seeking a 90-day
extension of the deadlines related to proposing their plans and
soliciting acceptances of them.
Counsel for the Debtors:
Kyra E. Andrassy, Esq.
Robert S. Marticello, Esq.
Stephen M. Mott, Esq.
RAINES FELDMAN LITTRELL LLP
4675 MacArthur Court, Suite 1550
Newport Beach, CA 92660
Telephone: (310) 440-4100
Facsimile: (310) 691-1943
Email: kandrassy@raineslaw.com
About Allstate Lending Group
Allstate Lending Group, Inc. is a California-based mortgage lending
and brokerage company headquartered in Monterey Park, California,
providing residential home loan products including purchase,
refinance, and alternative mortgage programs. It originates and
arranges mortgage financing for borrowers through various loan
structures, including non-prime and equity-based lending
solutions.
Allstate operates within the non-depository credit intermediation
industry under licensing from the California Department of Real
Estate.
Allstate Lending Group filed Chapter 11 petition (Bankr. C.D. Cal.
Case No. 26-11879) on Feb. 27, 2026, listing assets of between
$500,001 and $1 million and liabilities of between $50 million and
$100 million.
The Debtor is represented by Kyra E. Andrassy, Esq. at Raines
Feldman Littrell, LLP.
AMC ENTERTAINMENT: S&P Upgrades ICR to 'B-', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on AMC
Entertainment Holdings Inc. to 'B-' from 'CCC+'.
S&P said, "At the same time, we raised our issue-level rating on
its $2 billion first-lien term loan to 'B+' from 'B', Muvico LLC
secured notes and 7.5% AMC secured notes to 'B-' from 'CCC+', Odeon
first-lien term loan to 'B' from 'B-', and $112 million
exchangeable notes to 'CCC' from 'CCC-'.
"The stable outlook reflects our view that AMC will sustain
improved operating performance over the next 12 months, generate
positive reported free cash flow in 2027, and maintain adequate
liquidity."
AMC reported record revenue and EBITDA in the second quarter of
2026, reflecting continued momentum in the box office. S&P Global
Ratings now believes the company has a path to generate sustained
positive reported free cash flows.
The upgrade reflects expected improved credit metrics and positive
reported cash flow. This follows AMC's strong performance through
the first two quarters and improved box office results. S&P now
believes that AMC's capital structure is sustainable. In the second
quarter, the company reported revenue growth of 14.2% and S&P
Global Ratings-adjusted EBITDA that was about 37% higher compared
with the same period in 2025. Its domestic and international
segments reported meaningful increases in attendance and food and
beverage revenues per patron. In addition, AMC continued to reduce
reported debt, using a share price increase to complete an
at-the-market offering and a direct offering, putting proceeds
toward its $125 million subordinated notes. Its $156 million
exchangeable noteholders also voluntarily converted into AMC common
stock.
Debt reduction and improved EBITDA have triggered a lower interest
rate on about 75% of its debt, providing annual savings of about
$51 million. S&P said, "We assume most of that is from lower PIK
interest beginning in December. We expect AMC will report a modest
free cash flow deficit in 2026 before beginning to sustain positive
cash flow in 2027."
AMC continues to face a debt burden of about $3.8 billion, high
fixed charges including over $450 million in annual interest
expense, and $850 million in rent, though the company has
prioritized reducing its balance sheet debt. S&P said, "Management
introduced a 3x leverage target that we believe will take several
years to reach. We think debt-for-equity exchanges and debt paydown
using internally generated cash could reduce debt. We will review
exchanges alongside the company's operating performance to evaluate
whether the transactions are opportunistic and if debtholders
receive value in line with the original promise."
A strong movie release slate will support revenue and earnings
growth. The domestic box office has been robust to start the year
as a strong slate of new films, featuring a mix of new and existing
intellectual property (IP), has renewed the interest of U.S.
consumers. Improvement was about 10.3% as of July 27, 2026, from
strong performances from "Toy Story 5", "The Super Mario Galaxy
Movie", and recently released "Odyssey". S&P said, "We now expect
the domestic box office will approach $10 billion in 2026,
surpassing our original $9.3 billion estimate and $8.6 billion in
2025. We expect this momentum to continue into 2027, with several
blockbuster films slated to hit the big screen." The domestic box
office remains well below its peak from the COVID-19 pandemic for
at least the near term. However, with near record-high pricing on
tickets and concessions, increased offerings, and prudent cost
management, AMC does not require pre-pandemic box office to support
positive cash flow and pre-pandemic EBITDA levels.
S&P believes AMC will increase revenue about 13% in 2026 and 4%-5%
in 2027 from higher theater utilization and more premium products,
expanding EBITDA margin and cash flow. This leads to our forecast
for an inflection with positive free operating cash flow (FOCF)
beginning in 2027.
Its variable cost structure and liquidity position provide
flexibility for positive cash flow. Since 2020, AMC has managed its
theater footprint with a focus on shuttering underperforming
locations (net reduction of 159 theaters) while selectively opening
new ones. The company has also renegotiated some lease terms more
favorably. Though AMC has high fixed expenses, including over $450
million in annual interest expense and $850 million in rent, the
remainder of the cost structure is highly variable and linked to
ticket and concession sales. As revenues increase, AMC benefits
from robust operating leverage. S&P therefore expects EBITDA growth
to outpace revenue.
AMC's liquidity position, including $778 million cash on its
balance sheet at the end of the second quarter and our expectation
of positive reported FOCF in 2027, provides sufficient cushion to
cover fixed charges, especially given its nearest maturity is in
2029. This allows AMC to navigate unexpected box office downturns
without relying on equity or debt raises. S&P believes AMC can meet
its financial obligations while simultaneously continuing
investments into premium large-format screens that should improve
per patron revenues.
The stable outlook reflects S&P's view that AMC will maintain
improved operating performance over the next 12 months, generate
sustainably positive free cash flow, and maintain adequate
liquidity.
S&P could lower the rating on AMC if reported FOCF is persistently
negative and S&P views the capital structure as unsustainable. This
could occur if:
-- The domestic box office materially declines due to
macroeconomic volatility or weakening consumer demand for
theatrical releases;
-- There is a significant disruption in theatrical releases and
attendance; or
-- The company adopts a more aggressive financial policy.
S&P could raise the rating on AMC if:
-- S&P expects continued revenue and EBITDA growth,
-- It continues to reduce reported debt; and
-- S&P expects the company will sustain reported free cash flow
approaching $100 million.
AMERICAN EFFICIENT: Case Summary & 11 Unsecured Creditors
---------------------------------------------------------
Lead Debtor: American Efficient LLC
703 Foster Street
Durham, NC 27701-2110
Business Description: American Efficient is an energy-efficiency
aggregator based in Durham, North Carolina. The company develops
partnerships with manufacturers, distributors, and retailers,
acquires contractual rights to product-related energy savings, and
conducts technical analysis and metering studies to quantify those
savings. It develops measurement and verification protocols and
participates in wholesale capacity markets by aggregating,
verifying, and delivering energy savings associated with
residential, commercial, and industrial technologies. The company
has enabled energy efficiency to participate in capacity markets
as a supply-side resource since 2013.
Chapter 11 Petition Date: July 18, 2026
Court: United States Bankruptcy Court
Western District of North Carolina
Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
American Efficient LLC (Lead Case) 26-30968
Affirmed Energy LLC 26-30969
American Efficient Origination LLC 26-30970
Midcontinent Energy LLC 26-30971
Judge: Hon. Laura T Beyer
Debtors' Counsel: Jennifer B. Lyday, Esq.
Thomas W. Waldrep, Jr., Esq.
WALDREP WALL BABCOCK & BAILEY PLLC
370 Knollwood Street
Suite 600
Winston Salem, NC 27103
Tel: 336-717-1283
Fax: 336-722-1993
Email: notice@waldrepwall.com
AND
Melissa M. Root, Esq.
Catherine L. Steege, Esq.
JENNER & BLOCK LLP
353 N. Clark Street
Chicago, Illinois 60654
Tel: (312) 222-9350
Email: csteege@jenner.com;
mroot@jenner.com
American Efficient LLC's
Estimated Assets: $1 million to $10 million
American Efficient LLC's
Estimated Liabilities: $1 billion to $10 billion
The petitions were signed by Benjamin S. Abram as managing
director.
A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/3G2QIBY/American_Efficient_LLC__ncwbke-26-30968__0001.0.pdf?mcid=tGE4TAMA
List of American Efficient LLC's 11 Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Baker Botts Services Rendered $8,132
910 Louisiana Street
Houston, TX 77002-4995
2. Farella Braun & Martel LLP Services Rendered $11,250
One Bush Street
Suite 900
San Francisco, CA 94104
3. Indiana Department of Revenue Taxes $56,525
100 N. Senate Avenue
Indianapolis, IN 46204
4. Maryland Department of Revenue Taxes $1,283,942
60 West Street
Suite 102
Annapolis, MD 21401
5. North Carolina Department of Revenue Taxes $105,122
Attention: Bankruptcy Unit
Raleigh, NC 27602-1168
6. Northen Blue LLP Services Rendered $13,435
1414 Raleigh Road
Suite 435
Chapel Hill, NC 27517
7. Pennsylvania Department of Revenue Taxes $1,783,974
4th and Walnut Street
Harrisburg, PA 17128
8. Quinn Emanuel Urquhart & Services Rendered $241,183
Sullivan, LLP
865 S. Figueroa Street
10th Floor
Los Angeles, CA 90017
9. Robinson, Bradshaw & Services Rendered $2,554
Hinson, P.A.
600 S. Tryon Street
Suite 2300
Charlotte, NC 28220
10. US Federal Energy Regulatory Alleged Penalty $1,131,817,758
Commission Order
888 First Stree NE
Washington, DC 20426
11. Wilmer Cutler Pickering Services Rendered $55,624
Hale & Dorr LLP
PO Box 7247-8760
Philadelphia, PA 19170-8760
AMERICAN EFFICIENT: Hires Waldrep Wall Babcock as Co-Counsel
------------------------------------------------------------
American Efficient LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Western District of North Carolina to
hire Waldrep Wall Babcock & Bailey PLLC to serve as bankruptcy
co-counsel.
The firm will provide these services:
(a) advising the Debtors of their rights, powers, and duties as
debtors-in-possession;
(b) advising the Debtors regarding all general bankruptcy
matters;
(c) preparing all necessary motions, applications, answers,
orders, reports, and papers in connection with the administration
of the Debtors’ bankruptcy estates on behalf of the Debtors;
(d) assisting other professionals retained by the Debtors in the
investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtors, and any other matters relevant
to this bankruptcy case or to the formulation of a plan of
reorganization or liquidation;
(e) representing the Debtors in all critical hearings on matters
relating to its affairs and interests as debtors-in-possession
before this Court and any appellate courts, and protecting the
interests of the Debtors;
(f) assisting and advising the Debtors with regard to
communications to the general creditor body or other
parties-in-interest regarding any matters concerning the cases;
(g) prosecuting and defending any litigated matters that may arise
during these bankruptcy cases, including such matters as may be
necessary for the protection of the Debtors’ rights, the
preservation of estate assets, or the Debtors’ successful
reorganization;
(h) investigating the validity, extent, and priority of any
secured claims against the Debtors' bankruptcy estate, and
investigating the acts and conduct of such secured creditors and
other parties to determine whether any cause of action may exist;
(i) preparing, filing, negotiating, presenting, and implementing a
plan or plans of reorganization;
(j) representing the Debtors on matters related to the assumption
or rejection of executory contracts and unexpired leases; and
(k) performing any other necessary legal services for and on
behalf of the Debtors that may be necessary or appropriate in the
administration of these bankruptcy cases.
Waldrep Wall Babcock & Bailey PLLC shall receive compensation based
upon the customary hourly rates charged by the firm for matters of
equivalent complexity at the time such services are rendered, plus
reimbursement of actual and necessary expenses and other charges
the firm incurs, in such amounts as may be subsequently allowed and
approved by the Court.
The firm's primary attorneys and paralegals expected to provide
services to the Debtors and their hourly rates are:
Thomas W. Waldrep, Jr. Attorney/Partner $850
Jennifer B. Lyday Attorney/Partner $550
Zachary Malnik Attorney/Counsel $525
Hector Quesada Attorney/Associate $350
Bobby Decker Attorney/Associate $325
Marybeth Ford Paralegal $235
Waldrep Wall Babcock & Bailey PLLC is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code, as
modified by Section 1107(b) of the Bankruptcy Code, according to
court filings.
The firm can be reached at:
Thomas W. Waldrep, Jr.
Jennifer B. Lyday, Esq.
WALDREP WALL BABCOCK & BAILEY PLLC
370 Knollwood Street, Suite 600
Winston-Salem, NC 27103
Telephone: (336) 717-1283
Email: notice@waldrepwall.com
About American Efficient LLC
American Efficient LLC and its affiliates are Durham, North
Carolina-based energy efficiency aggregators specializing in
utility incentive and environmental credit programs.
American Efficient LLC and its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Lead Case
No. 26-30968) on July 18, 2026. In its petition, the Debtor reports
estimated assets between $1 million and $10 million and estimated
liabilities between $1 billion and $10 billion.
Honorable Bankruptcy Judge Laura T. Beyer handles the case.
The Debtor is represented by Jennifer B. Lyday, Esq. of Waldrep
Wall Babcock & Bailey PLLC.
AMERICAN EFFICIENT: Seeks to Hire Jenner & Block as Legal Counsel
-----------------------------------------------------------------
American Efficient LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Western District of North Carolina to
hire Jenner & Block LLP to serve as legal counsel.
The firm will provide these services:
(a) taking all necessary actions to protect and preserve the
estates, including prosecuting actions on behalf of the companies,
defending any action commenced against the companies, and
representing the companies in negotiations concerning litigation in
which the companies are involved, including objections to claims
filed against the estates;
(b) advising the companies on matters unique to their industry,
including negotiations and litigation with FERC and PJM;
(c) preparing pleadings in connection with the Chapter 11 Cases,
including motions, applications, answers, orders, reports, and
papers necessary or otherwise beneficial to the administration of
the estates;
(d) attending meetings and negotiating with representatives of
creditors and other parties in interest;
(e) representing the companies in connection with obtaining
authority for postpetition financing;
(f) appearing before the Court and any appellate courts to
represent the interests of the estates;
(g) advising the companies regarding tax matters;
(h) taking any necessary action on behalf of the companies to
negotiate, prepare, and obtain approval of a disclosure statement
and confirmation of a chapter 11 plan and all documents related
thereto; and
(i) performing all other necessary legal services for the
companies in connection with the prosecution of these Chapter 11
Cases.
Jenner & Block LLP will receive compensation on an hourly basis.
The firm's current hourly rates range from $1,590 to $2,875 for
Partners/Special Counsel, $1,030 to $1,695 for Associates, and $405
to $755 for Paraprofessionals. Jenner has agreed to a discount on
its invoices equal to 10% of the fees included in each invoice.
Jenner & Block LLP 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:
Suedeen Kelly, Esq.
Catherine L. Steege, Esq.
Melissa M. Root, Esq.
JENNER & BLOCK LLP
353 N. Clark Street
Chicago, IL 60654
Telephone: (312) 222-9350
E-mail: csteege@jenner.com
mroot@jenner.com
About American Efficient LLC
American Efficient LLC and its affiliates are Durham, North
Carolina-based energy efficiency aggregators specializing in
utility incentive and environmental credit programs.
American Efficient LLC and its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Lead Case
No. 26-30968) on July 18, 2026. In its petition, the Debtor reports
estimated assets between $1 million and $10 million and estimated
liabilities between $1 billion and $10 billion.
Honorable Bankruptcy Judge Laura T. Beyer handles the case.
The Debtor is represented by Jennifer B. Lyday, Esq. of Waldrep
Wall Babcock & Bailey PLLC.
ANCARLO BROTHERS: Hires Mr. Monroig as Real Estate Broker
---------------------------------------------------------
Ancarlo Brothers Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Jorge Odix Feliciano
Monroig as real estate broker.
Mr. Monroig will market and sell the Debtor's real property located
at Road 866 Km. 3.4 Sabana Seca Ward, Toa Baja, Puerto Rico.
Mr. Monroig will be paid 3 percent of the gross sales price.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Jorge Odix Feliciano Monroig
PO Box 632741
San Juan, PR 00936
Tel: (787) 239-0694
Email: happy_commercialjf@yahoo.com
About Ancarlo Brothers Inc.
Ancarlo Brothers owns a 20,791.76-square-meter parcel of land
located at Road 866, Km 3.4, Sabana Seca Ward, Toa Baja, PR, with a
comparable sales value estimated at $1.43 million.
Ancarlo Brothers Inc. in Toa Baja, PR, sought relief under Chapter
11 of the Bankruptcy Code filed its voluntary petition for Chapter
11 protection (Bankr. D.P.R. Case No. 26-00423) on Feb. 4, 2026,
listing $1,433,490 in assets and $1,303,440 in liabilities. Javier
Eladio Lopez Quinones, signed the petition.
LANDRAU RIVERA & ASSOC. serve as the Debtor's legal counsel.
ANGIE'S MOBILE: Seeks to Hire Christian Miles as General Counsel
----------------------------------------------------------------
Angie's Mobile Pet Styling, LLC seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire the Law
Offices of Christian Miles as general counsel.
The firm will represent the Debtor in ongoing matters as general
counsel, and in particular, contract review in connection with
marketing and product sales promotion consistent with conversations
with and suggestions by Sub Chapter V Trustee, Dr. Mueller.
The firm will charge $400 per hour for its services.
As disclosed in the court filings, Law Office of Christian Miles is
a "disinterested person" within the meaning of 11 U.S.C. Sec.
101(14).
The firm can be reached through:
Christian Miles, Esq.
Law Office of Christian Miles
7135 Collins Avenue, #1121
Miami Beach, FL 33141
Tel: (727) 318-0727
Email: christianmileslaw@outlook.com
About Angie's Mobile Pet Styling LLC
Angie's Mobile Pet Styling, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04130) on May
14, 2026. At the time of the filing, the Debtor had estimated
assets of between $100,001 and $500,000 and liabilities of between
$1 million and $10 million.
Judge Caryl E. Delano oversees the case.
Ford & Semach, P.A. is the Debtor's legal counsel.
ARCHROCK INC: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
---------------------------------------------------------------
S&P Global Ratings affirmed the 'BB-' issuer credit rating on
Archrock Inc., a Texas-based natural gas compression company, and
the 'BB-' issue-level rating on the company's unsecured notes, and
revised the outlook to positive from stable.
The positive outlook reflects our expectation that its utilization
and rates will remain stable through 2026. S&P also project S&P
Global Ratings-adjusted debt to EBITDA of 2.7x in 2026. However, it
notes the company's long-term financial policy is to maintain
leverage at 3x-3.5x.
Archrock significantly increased its scale since 2023, driven by
two sizable acquisitions, organic growth, higher utilization, and
improved contract pricing.
Its S&P Global Ratings-adjusted EBITDA has nearly doubled since
2023, to about $840 million by year-end 2025 from about $440
million as of year-end 2023.
Leverage has continued to improve, and S&P forecasts S&P Global
Ratings-adjusted debt to EBITDA will be 2.6x-2.8x in 2026 and
2x-2.5x in 2027.
S&P views Archrock's business profile more favorably on its
multiyear transformation. The company nearly doubled its S&P Global
Ratings-adjusted EBITDA to approximately $840 million in 2025 from
approximately $440 million in 2023. Both the Natural Gas
Compression Systems Inc. (NGCS) and Total Operations and Production
Services (TOPS) acquisitions significantly expanded Archrock's
fleet horsepower, service capabilities, and presence in key growth
areas. The TOPS acquisition added 580,000 of horsepower fleet in
2024 and the NGCS added 344,000 in 2025.
The company has also prudently managed its growth capital spending
over the past few years. Total operating horsepower as of the end
of the first quarter of 2026 was about 4.5 million. The additions
to its fleet, as well as the divestiture of older lower horsepower
equipment, has increased its average horsepower per unit and
decreased the average fleet age over the past few years. Therefore,
S&P now views the company's business profile more favorably.
S&P said, "We expect Archrock to maintain strong credit metrics in
2026. Strong demand for natural gas, driven by liquefied natural
gas exports and power generation for AI data centers, remains a
tailwind for natural gas compression. We expect Archrock's strong
utilization to remain in the mid-90% area and continue to expect
solid pricing power in 2026.
"We expect Archrock to maintain S&P Global Ratings-adjusted debt to
EBITDA of 2.6x-2.8x in 2026 but note this range is below the
company's stated long-term financial policy of 3.0x-3.5x. Based on
capital spending of $400 million-$450 million in 2026, we expect it
to generate free cash flow of $250 million-$350 million."
Archrock's conservative leverage profile and free cash flow will
give it flexibility to pursue acquisitions and further growth
spending toward large horsepower equipment. S&P also believes it
could deploy capital toward shareholder returns, either through the
remaining $113 million under its share repurchase authorization as
of the first quarter of 2026 or through gradual dividend
increases.
S&P expects Archrock to maintain adequate liquidity. The company
completed a series of capital market activities in the first half
of 2026. In January, it issued $800 million of 6.0% senior notes
due 2034 and used the net proceeds to repay borrowings under its
$1.5 billion credit facility. On April 1, 2026, it redeemed 100% of
its $800 million 2028 notes with borrowing under its credit
facility. Pro forma for the redemption of the 2028 notes, the
company had approximately $580 million of availability under its
credit facility as of March 31, 2026.
S&P said, "The positive outlook on Archrock reflects our
expectation that its utilization and rates will remain stable
through 2026. We also project S&P Global Ratings-adjusted debt to
EBITDA of 2.6x-2.8x in 2026 but note the company's long-term
financial policy is to maintain leverage of 3x-3.5x.
"We could revise the outlook to stable if industry conditions
weaken such that we no longer expect the company to increase its
scale or maintain leverage below 3.5x. This could occur if demand
for compression services weakens such that rates and utilization
decrease, which would likely stem from an industrywide decline in
natural gas production.
"We could consider raising the ratings over the next 6-12 months if
Archrock maintains solid utilization and pricing and continues to
expand scale while sustaining leverage below 3.5x."
ASP UNIFRAX: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------
Lead Debtor: ASP Unifrax Holdings, Inc.
Mandalay Tower III
201 East John Carpenter Freeway, Suite 900
Irving, TX 75062
Business Description: Alkegen develops and manufactures specialty
materials for thermal management, insulation, filtration,
emissions control, fire protection, battery protection, and
sealing applications. Its products are used in automotive and
heavy-duty engines, electric vehicles, stationary energy-storage
systems, industrial operations, commercial buildings, aerospace,
and advanced filtration. Headquartered in Irving, Texas, Alkegen
comprises ASP Unifrax Holdings, Inc. and its debtor and non-debtor
affiliates. The company was formed under the Alkegen name
following Unifrax LLC's acquisition of Lydall, Inc. in
September 2021.
Chapter 11 Petition Date: July 26, 2026
Court: United States Bankruptcy Court
Northern District of Texas
Sixty-three affiliates that concurrently filed voluntary petitions
for relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
ASP Unifrax Holdings, Inc. (Lead Case) 26-80008
Lydall Performance Materials (US), Inc. 26-80009
Alkegen Holding Company 26-80010
Lydall Performance Materials, Inc. 26-80011
Lydall Sealing Solutions, Inc. 26-80012
Alkegen SiFab LLC 26-80013
Alkegen UK Holdco II Ltd. 26-80014
Lydall UK Ltd 26-80015
Andrew Industries (Hong Kong) Limited 26-80016
Lydall, Inc. 26-80017
ASP Unifrax Intermediate Holdings, LLC 26-80018
Refractory Specialties, Incorporated 26-80019
Gutsche Holding GmbH 26-80020
Rex Materials of Kansas, LLC 26-80021
IMCO (62000) Limited 26-80022
Rex Materials of Virginia, LLC 26-80023
Interface Sealing Solutions Hong Kong Limited 26-80024
Rex Materials, LLC 26-80025
RMG Holdco, LLC 26-80026
Lauscha Fiber International Corp. 26-80027
Lauscha Fiber International GmbH 26-80028
RMG Technologies, LLC 26-80029
Leaseford Enterprises Limited 26-80030
Saffil 2011 Limited 26-80031
Luyang Unifrax Trading Company Limited 26-80032
Saffil Limited 26-80033
Lydall Gutsche GmbH & Co. KG 26-80034
Southern Felt Company, Inc. 26-80035
Lydall Holdings GmbH 26-80036
Specialty Ceramics, Inc. 26-80037
Lydall Industrial Filtration (EMEA) Limited 26-80038
Stellar Canada Company 26-80039
Lydall Industrial Filtration Textile Manufacturing
(EMEA) Limited 26-80040
Stellar Canada Holding Company, LLC 26-80041
Lydall International, Inc. 26-80042
Stellar Materials HoldCo, LLC 26-80043
Lydall Netherlands B.V. 26-80044
Stellar Materials International, L.L.C. 26-80045
Lydall North America, LLC 26-80046
Stellar Materials, LLC 26-80047
Susquehanna Capital Acquisition Co. 26-80048
Unifrax Europe Holdings Limited 26-80049
Texel Technical Materials, Inc. 26-80050
Thermbond Acquisition, Inc. 26-80051
Thermbond Real Estate Holdings, Inc. 26-80052
Unifrax Germany Holdco GmbH 26-80053
Trailhead Stellar Holdings, Inc. 26-80054
Unifrax GmbH 26-80055
UFX Holding I LLC 26-80056
Unifrax Holding LLC 26-80057
UFX Holding II LLC 26-80058
Unifrax I LLC 26-80059
Unifrax II LLC 26-80060
Ulysses Investment Holdco, Inc. 26-80061
Unifrax Limited 26-80062
Ulysses Parent, Inc. 26-80063
Unifrax (Derby) Limited 26-80064
Unifrax Luxembourg I S. ar.l. 26-80065
Unifrax Luxembourg II S.a r.l. 26-80066
Unifrax Asia-Pacific Holding Limited 26-80067
Unifrax UK Holdco Limited 26-80068
Unifrax Emission Control Europe Ltd 26-80069
Vacuform, Inc. 26-80070
Judge: Hon. Scott W Everett
Debtors'
Local
Bankrupty
Counsel: Jason S. Brookner, Esq.
Lydia R. Webb, Esq.
Amber M. Carson, Esq.
GRAY REED
1845 Woodall Rodgers Fwy, Suite 1300
Dallas TX 75201
Tel: (214) 954-4135
Fax: (214) 953-1332
Email: jbrookner@grayreed.com
lwebb@grayreed.com
acarson@grayreed.com
Debtors'
General
Bankruptcy
Counsel: Steven N. Serajeddini, P.C.
Nicholas M. Adzima, Esq.
Margaret Reiney, Esq.
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Tel: (212) 446-4800
Fax: (212) 446-4900
Email: steven.serajeddini@kirkland.com
nicholas.adzima@kirkland.com
margaret.reiney@kirkland.com
AND
Anup Sathy, P.C.
333 West Wolf Point Plaza
Chicago, Illinois 60654
Tel: (312) 862-2000
Fax: (312) 862-2200
Email: anup.sathy@kirkland.com
Debtors'
Financial
Advisor: ALVAREZ & MARSAL NORTH AMERICA, LLC
Debtors'
Investment
Banker: CENTERVIEW PARTNERS LLC
Debtors'
Claims,
Noticing &
Solicitation
Agent and
Administrative
Advisor: KROLL RESTRUCTURING ADMINISTRATION LLC
Counsel to the
Special
Committees: KATTEN MUCHIN ROSENMAN LLP
Estimated Assets
(on a consolidated basis): $1 billion to $10 billion
Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion
The petitions were signed by William K. Piotrowski as authorized
signatory.
A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/6E7JBRI/ASP_Unifrax_Holdings_Inc__txnbke-26-80008__0001.0.pdf?mcid=tGE4TAMA
Consolidated List of Debtors' 30 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Wilmington Trust, 7.500% Senior $24,036,714
National Association Notes Due 2029
50 South Sixth Street
Suite 1290
Minneapolis, MN 55402
United States
Contact: On File
2. R&R-Beth GmbH Trade Payable $1,665,188
Gewerbegebiet Unterlemnitz 7
Bad Lobenstein, 07356
Germany
Contact: On File
3. Johns Manville Trade Payable $1,246,548
717 17th Street
Denver, CO 80202
United States
Contact: On File
4. Nanya Plastics Corporation Trade Payable $869,791
America
9 Peach Tree Hill Road
Livingston, NJ 07039
United States
Contact: On File
5. Echo Global Logistics Trade Payable $827,604
600 W. Chicago Avenue
Suite 200
Chicago, IL 60654
United States
Contact: On File
6. Drake Extrusion, Inc. Trade Payable $708,432
790 Industrial Park Dr
P.O. Box 4868
Ridgeway, VA 24148
United States
Contact: On File
7. Town of Tonawanda Trade Payable $662,570
2919 Delaware Ave
#14
Buffalo, NY 14217
United States
Contact: On File
8. American Synthetic Fiber LLC Trade Payable $640,168
312 South Holland Drive
Pendergrass, GA 30567
United States
Contact: On File
9. Atlantic Data Security Trade Payable $529,727
301 Roberts St
#301
East Hartford, CT 06108
United States
Contact: On File
10. Beaulieu Fibres Trade Payable $501,448
Ooigemstraat 2B
Wielsbeke, 8710
Belgium
Contact: On File
11. CA Litzler Trade Payable $497,625
4800 West 160th Street
Cleveland, OH 44135
United States
Contact: On File
12. Fibertex Nonwovens A/S Trade Payable $473,845
Svendborgvej 16
Aalborg, 9220
Denmark
Contact: On File
13. Entact Environmental Trade Payable $458,542
Services Inc
999 Oakmont Plaza Drive
Suite 300
Westmont, IL 60559
United States
Contact: On File
14. Nissan Chemical America Trade Payable $425,638
10333 Richmond Avenue
Suite 1100
Houston, TX 77042
United States
Contact: On File
15. Lubrizol Advanced Materials, Inc. Trade Payable $397,791
29400 Lakeland Blvd
Wickliffe, OH 44092
United States
Contact: On File
16. BASF Trade Payable $367,969
100 Park Ave
Florham Park, NJ 07932
United States
Contact: On File
17. Workday Inc. Trade Payable $358,523
6110 Stoneridge Mall Road
Pleasanton, CA 94588
United States
Contact: On File
18. Resonac America Inc Trade Payable $322,052
2150 North First Street
Suite 350
San Jose, CA 95131
United States
Contact: On File
19. Pooley, Inc. Trade Payable $314,745
196 Vulcan St
Buffalo, NY 14207
United States
Contact: On File
20. AIS Gauging Industrial Trade Payable $293,235
934 E. Innovation Drive
Terre Haute, IN 47802
United States
Contact: On File
21. Arrow Specialties USA, LLC Trade Payable $284,699
5401 Jefferson Davis Highway
Richmond, VA 23234
United States
Contact: On File
22. AGC Chemicals Americas Inc Trade Payable $281,925
55 E. Uwchlan Avenue
Suite 201
Exton, PA 19341
United States
Contact: On File
23. Aluchem Inc. Trade Payable $273,999
01 Landy Lane
Cincinnati, OH 45215
United States
Contact: On File
24. Lenzing Fibers Inc. Trade Payable $243,324
12950 Highway 43 N
Axis, AL 36505
United States
Contact: On File
25. AIT Worldwide Logistics Inc Trade Payable $242,420
2 Pierce Place
Suite 2100
Itasca, IL 60143
United States
Contact: On File
26. TEAG Thuringer Energie AG Trade Payable $234,806
Schwerborner Strasse 30
Erfurt, 99087
Germany
Contact: On File
27. Green Bay Packaging Trade Payable $233,741
1700 N. Webster Court
Green Bay, WI 54302
United States
Contact: On File
28. Veritiv Operating Co Trade Payable $230,690
1000 Abernathy Rd.
NE Bldg. 400
Ste. 1700
Atlanta, GA 30328
United States
Contact: On File
29. Modular Web Solutions Trade Payable $223,602
N1009 Craftsmen Dr
Greenville, WI 54942
United States
Contact: On File
30. Pension Benefit Guaranty Corp Pension Liability Undetermined
445 12th Street SW
Washington, DC 20024-2101
United States
Contact: On File
ATARA BIOTHERAPEUTICS: Redmile Group Holds 9.9% Equity Stake
------------------------------------------------------------
Redmile Group, LLC -- together with Jeremy Green, Redmile Biopharma
Investments II, L.P., and Redmile Strategic Long Only Trading Sub,
Ltd. -- disclosed in a Schedule 13D (Amendment No. 3) filed with
the U.S. Securities and Exchange Commission that as of July 22,
2026, they beneficially own 950,994 shares of Atara
Biotherapeutics, Inc.'s Common Stock, par value $0.0001 per share
(with shared voting power and shared dispositive power over all
950,994 shares, and no sole voting or dispositive power),
representing 9.9% of the Common Stock.
Breakdown by entity:
* Redmile Group, LLC / Jeremy Green: 950,994 shares (9.9%)
* Redmile Biopharma Investments II, L.P.: 631,020 shares
(6.6%)
* Redmile Strategic Long Only Trading Sub, Ltd.: 401,901
shares (4.2%)
The ownership consists of shares held by private investment funds
managed by Redmile Group, LLC, plus shares issuable upon exercise
of pre-funded warrants (subject to a 9.99% beneficial ownership
limitation). On July 16, 2026, certain warrants were exercised on a
cashless basis, resulting in the issuance of additional shares
(after share withholdings for the exercise price). Redmile
Strategic Long Only Trading Sub, Ltd. ceased to be a 5% beneficial
owner solely as a result of this exercise.
The percentage is based on 9,010,172 shares outstanding as of May
8, 2026, plus shares issued upon the warrant exercise and the
maximum shares issuable under the beneficial ownership limitation.
Redmile Group, LLC (and related reporting persons) may be reached
through:
Redmile Group, LLC
900 Larkspur Landing Circle
Suite 270
Larkspur, CA 94939
Tel: (415) 489-9980
A full-text copy of Redmile Group, LLC's SEC report is available
at: https://tinyurl.com/4je4hmmh
About Atara Biotherapeutics
Atara Biotherapeutics, Inc. -- http://atarabio.com/-- is a
biotechnology Company focused on developing off-the-shelf cell
therapies that harness the power of the immune system to treat
difficult-to-treat cancers and autoimmune conditions. With
cutting-edge science and differentiated approach, Atara is the
first Company in the world to receive regulatory approval of an
allogeneic T-cell immunotherapy. The Company's advanced and
versatile T-cell platform does not require T-cell receptor or HLA
gene editing and forms the basis of a diverse portfolio of
investigational therapies that target EBV, the root cause of
certain diseases, in addition to next-generation AlloCAR-Ts
designed for best-in-class opportunities across a broad range of
hematological malignancies and B-cell driven autoimmune diseases.
Atara is headquartered in Southern California.
San Francisco, Calif.-based Deloitte & Touche LLP, the Company's
auditor since 2013, issued a "going concern" qualification in its
report dated March 16, 2026, attached to the Company's Annual
Report on Form 10-K for the year ended Dec. 31, 2025, citing that
Company's negative cash flow from operations and losses from
operations raises substantial doubt about its ability to continue
as a going concern.
As of March 31, 2026, the Company had $20 million in total assets,
$57.3 million in total liabilities, and $37.3 million in total
stockholders' deficit.
ATBIZ LLC: Plan Confirmation Hearing Scheduled for Sept. 8
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
hold a hearing on Sept. 8, 2026 at 1:30 PM, before the Honorable
Craig A. Pugatch to confirm the Plan of Reorganization of ATBIZ,
LLC.
The following deadlines apply with respect to the confirmation
hearing and hearing on fee applications:
* August 25, 2026 is the deadline for filing ballots accepting
or rejecting the Plan.
* August 25, 2026 is the deadline for filing objections to
confirmation of the Plan.
* September 2, 2026 is the deadline for filing local form
Subchapter V Ballot Tabulation and Confirmation Certificate.
As shared by the Troubled Company Reporter, the Plan Proponent's
financial projections show that the Debtor will have projected
disposable income for three years after confirmation in the amount
of approximately $300,000.00.
The total unsecured debt in this case is approximately $600,000.00.
The Debtor is proposing to pay unsecured creditors $300,000.00 over
the course of the Plan.
The Plan contemplates quarterly payments from cash flow of future
business of $25,000.00 commencing October 1, 2026, to allowed
unsecured creditors pro rata. Distributions will be made on the
following dates: October 1, 2026; January 1, 2027; April 1, 2027;
July 1, 2027; October 1, 2027; January 1, 2028; April 1, 2028; July
1, 2028; October 1, 2028; January 1, 2029; April 1, 2029; and July
1, 2029. The final Plan payment is expected to be paid on July 1,
2029.
Equity Interests shall receive no distribution, but shall retain
their interests.
The Plan is funded by (a) ongoing cash flow operations of the
business; and (b) by the Debtor's ability to refinance and/or
obtain investors in the business. If the Debtor is able to
refinance and/or monetize equity, 85% or more of such funds will be
devoted to retiring the Secured Debt (Class 1), and if funds
remain, they will be devoted to accelerating the payments to
Unsecured Creditors (Class 2).
A full-text copy of the Plan of Reorganization dated May 28, 2026
is available at https://urlcurt.com/u?l=SRHiIZ from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Geoffrey S. Aaronson, Esq.
Aaronson Schantz Beiley PA
One Biscayne Tower, Suite 3450
2 South Biscayne Boulevard
Miami, FL 33131
Telephone: (786) 594-3000
Facsimile: (305) 424-9336
Email: gaaronson@aspalaw.com
A copy of the Court's Order dated July 15, 2026, is available at
https://urlcurt.com/u?l=fHNscG from PacerMonitor.com.
About ATBIZ LLC
ATBIZ LLC is a Miami, Florida-based wholesale distributor and
exporter of appliances, consumer electronics, furniture, and
related products, serving retailers, importers, and distributors
across the United States, the Caribbean, Central America, and South
America. The company offers a catalog of products including TVs,
audio equipment, small and large home appliances, health and beauty
items, commercial appliances, and furniture. It also provides OEM
and private-label manufacturing services, handling product design,
quality control, and logistics for business clients.
ATBIZ LLC sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Fla. Case No. 26-12500) on Feb. 27, 2026. In the
petition signed by Giovanni Ramos, manager, the Debtor disclosed up
to $50,000 in assets and up to $10 million in liabilities.
Geoffrey S. Aaronson, at Aaronson Schantz Beiley PA, is the
Debtor's counsel.
AXE TACTICAL: Gets Fourth Interim OK to Use Cash Collateral
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Jacksonville Division entered a fourth interim order authorizing
Axe Tactical, LLC to use cash collateral.
The order authorized the Debtor to use cash collateral to pay
court-approved expenses and the operating expenses listed in the
approved budget, with a permitted variance of up to 10% for each
budget line item. Additional expenditures require the written
consent of secured creditors.
The Debtor is prohibited from paying compensation to insiders or
professionals included in the budget unless specifically approved
by the court.
As adequate protection, secured creditors will receive replacement
liens on post-petition cash collateral with the same validity,
priority, and extent as their prepetition liens.
The secured creditors are First Bank of the Lake, The LCF Group,
Inc., Corporation Service Company as representative, C T
Corporation System as representative, CHTD Company, Quick Bridge
Funding, LLC, Paladin Funding, and Fox Funding Group.
In addition, the Debtor must comply with all debtor-in-possession
obligations, maintain insurance in accordance with its loan
agreements, provide the secured creditors with reasonable access to
its books, records, and business premises, and furnish monthly
financial reports upon request.
The order preserves the rights of parties to seek modified adequate
protection or challenge the validity, priority, or extent of liens,
while the Court retains jurisdiction to enforce its terms.
A copy of the court's order is available at
https://shorturl.at/nGK2o from PacerMonitor.com.
A continued hearing on the Debtor's use of cash collateral is
scheduled for August 12.
About Axe Tactical LLC
Axe Tactical LLC operates a firearms retail store and shooting
range under the Gun Gallery brand in Jacksonville, Florida.
Axe Tactical LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
26-00935) on March 6, 2026, listing $260,692 in assets and
$4,485,415 in liabilities. The petition was signed by Joseph
Williams as managing member.
Jonathan A Semach, Esq. at Ford & Semach, P.A. represents the
Debtor as counsel.
BETHUNE SUITES: U.S. Trustee Seeks Chapter 11 Truste Appointment
----------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, asked the
U.S. Bankruptcy Court for the Southern District of New York to
appoint a Chapter 11 trustee in Bethune Suites LLC's bankruptcy
case.
In a court filing, the U.S. trustee raised the need to appoint an
independent trustee to manage the case, citing that the Debtor's
principal, Joel Horowitz, who neither signed the Petition on behalf
of the Debtor nor testified at the 341 Meeting, has a potential $1
million loan forgiveness agreement with the purchaser of the
Debtor's Property, 46 Bethune SV LLC, the Debtor's secured
creditor.
Moreover, 46 Bethune SV LLC is the entity that funded the Debtor's
bankruptcy case. These significant events, compounded with the fact
that upon further scrutiny, the sale of the Property did not comply
with the Court's order, is cause for the appointment of a chapter
11 trustee because the Debtor's current management cannot be
expected to carry out the fiduciary responsibilities of trustee.
Additionally, the Debtor's lack of transparency concerning the
production of documents requested at the IDI and the 341 Meeting
including, but not limited to, the agreement entered into between
Joel Horowitz and the CRO, as well as its failure take control of
the Debtor's assets show either incompetence or gross mismanagement
and is also cause for the appointment of a chapter 11 trustee.
In the instant case, it appears that the appointment of a chapter
11 trustee would result in an independent fiduciary to scrutinize
the deals between and among the parties and market the Property for
benefit of all creditors, and not that of the Debtor's principal
and its secured lender.
Mr. Harrington argued that allowing the Receiver to continue his
possession of the debtor's property once a chapter 11 petition is
filed creates an unworkable and untenable "hybrid" situation. In
lieu of a debtor-in-possession exercising a myriad of fiduciary
responsibilities in a chapter 11 proceeding, the Debtor would have
no responsibility with respect to the control and management of the
debtor's primary asset, in this case, the Property. This flawed
arrangement is not supported by the Bankruptcy Code and should not
be permitted to continue.
A copy of the motion is available for free at
https://urlcurt.com/u?l=YIK7tL from PacerMonitor.com.
About Bethune Suites LLC
Bethune Suites, LLC is a New York-based real estate company focused
on the ownership and management of residential and
hospitality-style properties. The company provides leasing,
property management, and tenant accommodation services.
Bethune Suites, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22323) on March 31,
2026. In its petition, the Debtor disclosed up to $10 million in
both assets and liabilities.
The Debtor tapped Joel Shafferman, Esq., at Shafferman & Feldman,
LLP as counsel and FIA Capital Partners, LLC as restructuring
advisor.
BIGFOOT PARADISE: Unsecureds to be Paid in Full in Sale Plan
------------------------------------------------------------
Bigfoot Paradise, LLC filed with the U.S. Bankruptcy Court for the
District of Colorado a Combined Plan of Reorganization and
Disclosure Statement dated July 16, 2026.
The Debtor is an entity that owns commercial real property located
at 11799 E. 30th Ave.; Aurora, CO 80010 (the "Real Property").
The Debtor's bankruptcy filing was caused by it falling behind on
its property tax obligations. As a result, PNC Bank, National
Association ("PNC") initiated foreclosure proceedings, and the
bankruptcy case was filed to stop a foreclosure sale.
The Debtor asserts that the Real Property is worth significantly
more than PNC's mortgage debt. The Real Property is currently on
the market for $2,800,000.00. The Debtor is proceeding in this
Chapter 11 bankruptcy case in an effort to sell the Real Property,
pay its creditors in full, and provide a distribution to equity.
The Class 3 is comprised of the General Unsecured Claims against
the estate, the sole known claim of which belongs to the City of
Aurora Water Department in the sum of $2,400.24. Class 3 is
impaired by the Plan. The Class 3 claim shall be paid in full at
the closing of the sale of the Real Property, which shall occur
within eighteen months after the Effective Date.
Class 4 consists of the pre-petition equity interest in the Debtor,
which is 100% held by Kevin Merrick. On the Effective Date, Mr.
Merrick will retain his interest in the same amount and to the same
extent as existed prior to the Petition Date.
Feasibility of the Debtor's Plan requires an analysis of the
likelihood that the Debtor will be able to maintain its income at
the same or better levels during the term of the Plan. The Debtor's
sole income is the rent it receives from Merrick Woodworking in the
sum of $7,805.00.
Its expenses under this Plan are the adequate protection payments
of $4,000.00 to PNC and making its post-petition property tax
payments in the ordinary course using what is left of the rent on a
monthly basis. The Debtor will have sufficient income to deal with
those debts until the Real Property is sold.
The Debtor shall be empowered to take such action as may be
necessary to perform the Debtor's obligations under this Plan.
A full-text copy of the Combined Plan and Disclosure Statement
dated July 16, 2026 is available at https://urlcurt.com/u?l=uogTrp
from PacerMonitor.com at no charge.
Counsel to the Debtor:
Jonathan Dickey, Esq.
Kutner Brinen Dickey Riley, PC
1660 Lincoln Street, Suite 1720
Denver, CO 80264
Telephone: (303) 832-2400
Email: jmd@kutnerlaw.com
About Bigfoot Paradise LLC
Bigfoot Paradise LLC is a hospitality and recreational property
operator involved in lodging, tourism, or themed destination
services.
Bigfoot Paradise LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 26-12679) on April 20,
2026. In its petition, the Debtor reports estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
Honorable Bankruptcy Judge Kimberley H. Tyson handles the case.
The Debtor is represented by Jonathan Dickey, Esq., at Kutner
Brinen Dickey Riley, PC.
BURNETT ENTERTAINMENT: Gets Extension to Access Cash Collateral
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division issued an interim order authorizing Burnett Entertainment,
LLC to use cash collateral to support business operations.
Under the interim order, the Debtor is authorized to use cash
collateral to pay court-approved expenses including Subchapter V
trustee payments, and necessary operating costs listed on its
budget, with flexibility of up to 10% per line item. Additional
expenditures may be approved in writing by the secured creditor,
Achieva Credit Union. This authorization continues until further
court order.
Achieva and other secured creditors will be granted adequate
protection through replacement liens on post-petition cash
collateral, with the same validity and priority as their
pre-petition liens, without requiring additional filings. As
further protection, Achieva will continue to receive a monthly
payment of $5,000.
Additional safeguards include insurance coverage on its assets.
In the event of Debtor's failure to cure defaults within 10
business days, Achieva is entitled to request an emergency hearing
on a motion to prohibit use of a cash collateral.
The order is entered without prejudice, preserving the rights of
creditors and any future committee to challenge liens or seek
modifications.
A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=w4SOjf from PacerMonitor.com.
The next hearing is scheduled for Aug. 26.
About Burnett Entertainment Inc.
Burnett Entertainment, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
26-00948) on February 6, 2026, listing assets of between $500,001
and $1 million and liabilities of between $1 million and $10
million.
Judge Caryl E. Delano presides over the case.
James W. Elliott, Esq., at Mcintyre Thanasides Bringgold, Elliott
Grimaldi Guito, PA represents the Debtor as legal counsel.
Kathleen DiSanto, Esq., at Bush Ross, P.A., serves as Subchapter V
trustee for the Debtor.
BY HOTEL: Hires Jeffrey T. Varsalone of VRS Restructuring as CRO
----------------------------------------------------------------
By Hotel SPE-3 LLC and its affiliates seek approval from the United
States Bankruptcy Court for the District of Delaware to hire VRS
Restructuring Services, LLC to provide restructuring services, and
designate Jeffrey T. Varsalone as the chief restructuring officer.
The firm will provide these services:
a. analyze the business, operations and financial condition of
the Debtors;
b. assist the Debtors with managing liquidity and cost savings,
including the preparation of 13-week cash flow forecasts and
monitor short term liquidity;
c. assist the Debtors with preparation of financial analyses and
determination of restructuring and transaction strategy and
alternatives and advise the Debtors on tactics and strategies for
negotiation with various stakeholders;
d. execute restructuring initiatives, including negotiations
with creditors and key stakeholders, structure and effect plans of
reorganization, debtor-in-possession financing, the sale of all or
parts of the Debtors, identify potential investors, and liquidate
assets;
e. assist the Debtors with the preparation of data to prepare
pleadings and fiduciary filings required in the Debtors' chapter 11
cases;
f. provide testimony in the Debtors' chapter 11 cases on matters
within the firm's expertise;
g. assist the Debtors and its counsel in negotiations with
various parties-in-interest; and
h. support the Debtors in such matters as the board of directors
of the Debtors shall request or require from time to time.
The firm received an initial retainer in the amount of $100,000
from the Debtors and subsequent retainers in the amount of
$575,000.
The firm's hourly rates are:
Sr. Managing Director / $725 to $925
Managing Director
Director/Vice President $525 to $725
Senior Associate/Associate $325 to $525
The firm will receive a post-petition retainer in the amount of
$100,000.
Jeffrey T. Varsalone, managing director of VRS Restructuring
Services, LLC, assured the court that the firm is a "disinterested
person" as that term is defined in Sec. 101(14) of the Bankruptcy
Code.
The firm can be reached through:
Jeffrey T. Varsalone
VRS Restructuring Services, LLC
20 Tumble Rd
Bedford, NH, 03110
Tel: (516) 410-6215
Email: jvarsalone@hotmail.com
About By Hotel SPE-3 LLC
By Hotel SPE-3, LLC is a hospitality investment company
specializing in the ownership and management of hotel properties.
As a special purpose entity, By Hotel SPE-3 focuses on managing
hotel-related assets and supporting hospitality operations.
By Hotel SPE-3 and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10324) on
March 8, 2026. In its petition, By Hotel SPE-3 reported between
$100 million and $500 million in both assets and liabilities.
Judge J. Kate Stickles oversees the cases.
The Debtors tapped Rafael X. Zahralddin-Aravena, Esq., and Scott D.
Cousins, Esq., at Lewis Brisbois Bisgaard & Smith, LLP as
bankruptcy counsel; and Getzler Henrich & Associates, LLC as
financial advisor.
BY HOTEL: Seeks to Hire Richards Layton & Finger PA as Counsel
--------------------------------------------------------------
By Hotel SPE-3 LLC and its affiliates seek approval from the United
States Bankruptcy Court for the District of Delaware to hire
Richards, Layton & Finger, P.A. as counsel.
The firm's services include:
a) advising the Debtors of their rights, powers and duties as
debtors and debtors in possession under chapter 11 of the
Bankruptcy Code;
b) preparing on behalf of the Debtors any motions,
applications, answers, orders, reports and other papers in
connection with the administration of the Debtors' estates;
c) taking action to protect and preserve the Debtors' estates,
including the prosecution of actions on the Debtors' behalf, the
defense of actions commenced against the Debtors in the chapter 11
cases, the negotiation of disputes in which the Debtors are
involved, and the preparation of objections to claims filed against
the Debtors;
d) preparing the Debtors' disclosure statement and any related
motions, pleadings, or other documents necessary to solicit votes
of the Debtors' chapter 11 plan;
e) preparing the Debtors' chapter 11 plan;
f) prosecuting on behalf of the Debtors any proposed chapter
11 plan and seeking approval of all transaction contemplated
therein and in any amendments thereto; and
g) performing all other necessary and desirable legal services
in connection with these chapter 11 cases.
RL&F's current hourly rates are:
Directors $1,200 to $1,650
Counsel $1,075 to $1,125
Associates $675 to $950
Paraprofessionals $475
RL&F is a "disinterested person" under section 101(14) of the
Bankruptcy Code, according to court filings.
The firm can be reached through:
Russell C. Silberglied, Esq.
Richards, Layton & Finger, P.A.
One Rodney Square
920 North King Street
Wilmington, DE 19801
Phone: 302-651-7545
Email: silberglied@rlf.com
About By Hotel SPE-3 LLC
By Hotel SPE-3, LLC is a hospitality investment company
specializing in the ownership and management of hotel properties.
As a special purpose entity, By Hotel SPE-3 focuses on managing
hotel-related assets and supporting hospitality operations.
By Hotel SPE-3 and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10324) on
March 8, 2026. In its petition, By Hotel SPE-3 reported between
$100 million and $500 million in both assets and liabilities.
Judge J. Kate Stickles oversees the cases.
The Debtors tapped Rafael X. Zahralddin-Aravena, Esq., and Scott D.
Cousins, Esq., at Lewis Brisbois Bisgaard & Smith, LLP as
bankruptcy counsel; and Getzler Henrich & Associates, LLC as
financial advisor.
BY HOTEL: Seeks to Hire Stretto Inc as Administrative Advisor
-------------------------------------------------------------
By Hotel SPE-3 LLC and its affiliates seek approval from the United
States Bankruptcy Court for the District of Delaware to hire
Stretto, Inc. as administrative advisor.
The firm will provide these services:
a. assist with, among other things, solicitation, balloting,
and tabulation of votes; prepare any related reports, as required
in support of confirmation of a chapter 11 plan;
b. prepare an official ballot certification and, if necessary,
testify in support of the ballot tabulation results;
c. assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;
d. assist with the preparation of the Debtors' monthly
operating reports and gather data in conjunction therewith;
e. manage and coordinate any distributions pursuant to a
chapter 11 plan if designated as distribution agent under such
plan; and
f. provide claims analysis and reconciliation.
The firm's preferred hourly rate structures are:
Analyst Waived
Consultant (Associate/Senior Associate $70-$200
Director/Managing Director $210-$250
Solicitation Director $275
Executive Management Waived
Prior to the petition date, the Debtor paid the firm an advance
payment of $15,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Brian Karpuk, a managing director at Stretto, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Brian Karpuk
Stretto, Inc.
410 Exchange, Ste. 100
Irvine, CA 92602
Telephone: (714) 716-1872
Email: brian.karpuk@stretto.com
About By Hotel SPE-3 LLC
By Hotel SPE-3 LLC is a hospitality investment company specializing
in the ownership and management of hotel properties. As a special
purpose entity, the company focuses on managing hotel-related
assets and supporting hospitality operations.
By Hotel SPE-3 LLC and affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10324) on
March 8, 2026. In its petition, the Debtor reports estimated assets
and liabilities between $100 million and $500 million.
Judge J. Kate Stickles oversees the case.
C & J STORM: Hires Stewart Schmidlin Bullock as Special Counsel
---------------------------------------------------------------
C & J Storm Repair Team, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina to
employ Stewart, Schmidlin, Bullock & Gourley, PLLC as special
counsel.
The firm will render these services:
(a) prepare on behalf of the Debtor, necessary applications,
complaints, answers, orders, reports, motions, notices, and other
papers necessary in Debtor's state court civil litigation matters;
(b) assist the Debtor in evaluating the legal basis for, and
effect of, the various pleadings that will be filed in that matter
by the Debtor and other parties in interest;
(c) perform all necessary legal services in connection with
the Debtor's civil litigation matters, including Court appearances,
research, opinions and consultations on reorganization options,
direction and strategy;
(d) commence and prosecute any and all necessary and
appropriate actions and/or proceedings on behalf of the Debtor in
connection with the civil litigation matters; and
(e) perform all other legal services for the Debtor which may
be necessary and proper in connection with that proceeding.
The firm will be paid at these rates:
Attorneys $600 per hour
Legal Assistant $200 per hour
The firm a $1,500 retainer pre-petition.
Stewart, Schmidlin, Bullock & Gourley, PLLC is a "disinterested
person" within the meaning of 11 U.S.C. Sec. 101(14), according to
court filings.
The firm can be reached through:
Walter Schmidlin, Esq.
Stewart, Schmidlin, Bullock & Gourley, PLLC
115 S 3rd St
Smithfield, NC 27577
Phone: (919) 989-8900
About C & J Storm Repair Team LLC
C & J Storm Repair Team, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02324) on May
24, 2026, listing up to $500,000 in assets and up to $10 million in
liabilities.
The Debtor tapped J.M. Cook, PA as counsel.
C-M TRANSPORT: Hires Heyboer Law PLC as Counsel
-----------------------------------------------
C-M Transport, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to employ Heyboer Law PLC as
counsel.
The firm will represent and assist the Debtor as
Debtor-in-Possession in all facets of the reorganization.
The firm will be paid at the rate of $300 per hour.
The firm will be paid a retainer in the amount of $6,717.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Heyboer disclosed in court filings that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.
Heyboer Law can be reached at:
David R. Heyboer, Esq.
Heyboer Law, PLC
3051 Commerce, Suite 1
Fort Gratiot, MI 48059
Tel: (810) 982-9800
Fax: (810) 982-1148
Email: HFLaw@iwarp.net
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.
CANDY SENSE: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
Candy Sense, Inc. got the green light from the U.S. Bankruptcy
Court for the Western District of Texas, Austin 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 hearing for August
28.
The Debtor needs immediate access to cash collateral to fund
essential operating expenses. This cash collateral is subject to
security interests held by secured lenders including JPMorgan Chase
Bank, Liftfund and the U.S. Small Business Administration.
The Debtor's pre-petition secured debt totals approximately $3.33
million and is secured by four liens: two Chase liens ($362,969 and
$657,522), a joint SBA/LiftFund lien ($463,832), and an additional
Chase lien securing $1,846,252 against collateral valued at
$192,566. No creditor holds a valid lien on the Debtor's deposit
accounts.
As adequate protection, the Debtor offers replacement liens on its
post-petition property, with the same priority, validity and extent
as the secured lenders' pre-petition liens.
About Candy Sense Inc.
Candy Sense Inc. is a Texas-based producer of branded confectionery
products serving the restaurant, hospitality, corporate promotions,
and consumer gift markets. The company manufactures personalized
candy products, including mints, chocolates, lollipops, flavored
hard candies, and promotional items with custom logos and printed
messages, along with branded disposable cleansing wipes.
Candy Sense Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy (Bankr. W.D. Tex. Case No. 26-11345) on July 15, 2026.
In its petition, the Debtor reports assets of more than $1.7
million and debts exceeding $3.6 million.
Honorable Bankruptcy Judge Shad M. Robinson handles the case.
The Debtor is represented by Frank B. Lyon, Esq. of Frank B. Lyon,
Attorney.
CASHCALL INC: Case Summary & Eight Unsecured Creditors
------------------------------------------------------
Debtor: CashCall, Inc.
5656 La Jolla Blvd.
La Jolla, CA 92037
Business Description: CashCall, Inc., founded in 2003, is a
California S corporation licensed as a finance lender by the
California Department of Financial Protection and Innovation that
historically provided unsecured loans to borrowers with poor
credit histories. The company offered online subprime loan
products with flexible repayment and no prepayment penalties,
primarily serving consumers with limited access to traditional
credit. CashCall stopped making loans by 2021, briefly resumed
limited originations in California in March 2024, and is no longer
originating loans. The company, which had 1,129 employees in
February 2007, had no employees as of June 30, 2026.
Chapter 11 Petition Date: July 20, 2026
Court: United States Bankruptcy Court
Southern District of California
Case No.: 26-03102
Judge: Hon. J Barrett Marum
Debtor's Counsel: Schuyler G. Carroll, Esq.
MANATT, PHELPS & PHILLIPS, LLP
7, Times Square Tower, #22
New York, NY 10036
Tel: (212) 790-4521
E-mail: SCarroll@manatt.com
- and -
Pat Dubois, Esq.
MANATT, PHELPS & PHILLIPS, LLP
695 Town Center Drive
14th Floor, Costa Mesa, CA 92626
Tel: (619) 205-8512
E-mail: PDubois@manatt.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $100 million to $500 million
The petition was signed by Leslie Gladstone as chief restructuring
officer.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/F6FACUA/CashCall_Inc__casbke-26-03102__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's Eight Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. De La Torre et al Judgment $245,515,389
The Gould Law Firm
161 Fashion Lane, Suite 207
Tustin, CA 92780-3364
Contact: Michael A. Gould
Tel: (714) 592-4936
2. Consumer Protection Finance Judgment $157,050,978
Consumer Financial Protection
445 12th Street, SW
Washington, DC 20024
Contact: Owen Martikan
Tel: (415) 534-5553
Email: owen@martikanlaw.com
3. Skadden LLP Legal Fees $3,610,756
PO Box 1764
White Plains, NY 10602
Tel: (914) 285-1640
4. Batavia Glen Phase 1, LP Rent $6,655
1020 N. Batavia St
Suite B
Orange, CA 92867
Tel: (714) 997-7956
5. Relix Inc. DBA LexisNexis Trade Vendor $2,279
PO Box 933
Dayton, OH 45401
Tel: 937-865-6800
6. Experian Trade Vendor $367
PO Box 841971
Los Angeles, CA 90084-1971
Tel: (800) 831-5614
7. Black Knight Technologies LLC Trade Vendor $300
PO Box 742971
Los Angeles, CA 90074-2971
8. Trans Union LLC Trade Vendor $105
PO Box 99506
Chicago, IL 60693-9506
Tel: (312) 985-2000
CHERYL CHARLES: Hires Law Office of Narissa A. Joseph as Counsel
----------------------------------------------------------------
Law Office of Cheryl Charles Duval PLLC seeks approval from the
U.S. Bankruptcy Court for the Eastern District of New York to
employ The Law Office of Narissa A. Joseph as counsel.
The firm's services include:
(a) consulting with the Debtor concerning the administration of
the case;
(b) investigating the Debtor's past transactions, commencing
actions with respect to the Debtor's avoiding powers under the
Bankruptcy Code; and advising the Debtor with respect to
transactions entered into during the pendency of the Debtor's
case;
(c) assisting the Debtor in the formation of a Chapter 11 plan;
and
(d) performing any and all such other legal services as may
required by the Debtor in the interest of the estate.
The firm will be paid at these hourly rates:
Partner $350 - $400
Associate $275 - $300
Clerks/Paraprofessional $75 - $100
Narissa Joseph, Esq., an attorney at the firm, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Narissa A. Joseph, Esq.
Law Office of Narissa A. Joseph
305 Broadway, Suite 1001
New York, NY 10007
Telephone: (212) 233-3060
About Law Office of Cheryl Charles Duval PLLC
Law Office of Cheryl Charles Duval PLLC, filed a Chapter 11
bankruptcy petition (Bankr. E.D.N.Y. Case No. 1-26-42547) on May
26, 2026.
The Debtor hires The Law Office of Narissa A. Joseph as counsel.
CLACKAMAS PHYSICAL: Hires Michael D. O'Brien as Bankruptcy Counsel
------------------------------------------------------------------
Clackamas Physical Therapy Associates, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Oregon to hire Michael D.
O'Brien & Associates P.C. as bankruptcy counsel.
The firm's services include:
a. negotiating financing orders;
b. obtaining authorization for use of cash collateral;
c. reviewing and evaluating the status and validity of secured
claims, litigation implementing their avoidance powers; and
d. formulating a plan of reorganization.
The firm will be paid at these rates:
Michael D. O'Brien, MDO, Partner $495/hour
Theodore J. Piteo, TJP, Partner $550/hour
Hugo Zollman, HZ, Senior Paralegal $185/hour
Lauren Gary, LNG, Paralegal $125/hour
Associate Attorney, Attorney $300/hour
On March 29, 2026, the firm received an initial retainer in the
amount of $10,000. On May 14, 2026, the firm received an additional
$15,000. On May 22, 2026, the firm received an additional $13,000.
And a final payment of $7,000 on May 26, 2026.
As disclosed in the court filings, Michael D. O'Brien & Associates,
P.C. is a "disinterested person" within the meaning of 11 U.S.C.
Sec. 101(14).
The firm can be reached through:
Theodore J. Piteo, Esq.
Michael D. O'Brien & Associates, P.C.
7609 SW Beveland Road
Portland, OR 97223
Phone: (503) 786-3800
About Clackamas Physical Therapy Associates
Clackamas Physical Therapy Associates, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No.
26-32404-pcm11) on July 10, 2026. In the petition signed by Carlene
Lewis, secretary, the Debtor disclosed up to $500,000 in assets and
up to $10 million in liabilities.
Judge Peter C. McKittrick oversees the case.
Theodore J. Piteo, Esq., at Michael D. O'Brien & Associates PC,
represents the Debtor as legal counsel.
CLARITY DIAGNOSTICS: Hires Crown Medical as Collections Agent
-------------------------------------------------------------
Clarity Diagnostics, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Crown Medical
Collections, LLC as collections agent.
Crown will render these services:
(a) billing, follow-up, and pursuit of payment from commercial
insurers, government payors, and other obligors;
(b) negotiation and resolution of disputed and underpaid
claims;
(c) maintenance of records of gross collections, costs of
collection, and net proceeds; and
(d) coordination with Special Litigation Counsel as to any
account requiring contested litigation.
Crown will be compensated at the rate of 30% of gross collections
on the COVID A/R.
Crown Medical Collections, LLC is a "disinterested person" within
the meaning of 11 U.S.C. Sec. 101(14), according to court filings.
The firm can be reached through:
Richard Hersperger
Crown Medical Collections, LLC
110 W. High Street
Ebensburg, PA 15931
Phone: (844) 299-9399
About Clarity Diagnostics, LLC
Clarity Diagnostics, a company in Boca Raton, Fla., manufactures
point of care rapid diagnostic tests, diagnostic equipment, and
over-the-counter diagnostic tests that are targeted toward the
Continuum of Care, Alternative Care, Acute Care, Laboratory, and
OTC markets.
Clarity Diagnostics filed Chapter 11 petition (Bankr. S.D. Fla.
Case No. 24-18938) on August 30, 2024, with $1 million to $10
million in both assets and liabilities. Clarity Diagnostics
President Richard Simpson signed the petition.
Judge Erik P. Kimball presides over the case.
Bradley S. Shraiberg, Esq., at Shraiberg Page, PA represents the
Debtor as legal counsel.
CLOUTER CREEK: Seeks to Hire Martin/Truluck as Appraiser
--------------------------------------------------------
Clouter Creek Reserve LLC filed a supplemental application seeking
approval from the U.S. Bankruptcy Court for the District of South
Carolina to employ Martin/Truluck as appraisers.
Martin/Truluck will advance the Debtor's effort to obtain financing
to pay claims pursuant to the Debtor's Plan of Reorganization.
While the Debtor previously employed CBRE Valuation Services for
the purposes pre-petition and post-petition relating to its initial
DIP Finance Motion on Feb 7, 2025, CBRE does not have availability
to timely provide the services required by the Debtor.
The Debtor's Plan and Plan budget contemplate the necessity of
further appraisals and budgeted up to $30,000 for additional
appraisal work.
Martin | Truluck is a "disinterested person" as that term is
defined in Sec. 101(14) and does not hold or represent any interest
adverse to the bankruptcy estate, according to court filings.
The firm can be reached through:
James H. Martin, MAI
Martin | Truluck
543 Long Point Road, Suite 204
Mount Pleasant, SC 29464
Phone: (843) 881-0454 X 110
E-mail: James@Martin-Truluck.com
About Clouter Creek Reserve LLC
Clouter Creek Reserve LLC formerly known as IVO SANDS, LLC, is a
single asset real estate entity based in Charleston, South
Carolina.
Clouter Creek Reserve LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.S.C. Case No. 25-00034) on January
6, 2025. In its petition, the Debtor reports estimated assets
between $10 million and $50 million and liabilities between $1
million and $10 million.
Penn Law Firm LLC represents the Debtor as counsel.
COGNITIVE ORGANICS: Seeks to Use Cash Collateral
------------------------------------------------
Cognitive Organics, LLC asks the U.S. Bankruptcy Court for the
Northern District of Ohio, Eastern Division, for authority to use
cash collateral and provide adequate protection.
The company states that it has no viable alternative source of
debtor-in-possession financing on better terms, making the use of
cash collateral its only available means of funding post-petition
operations. It requests authority to use cash collateral to pay
ordinary and necessary business expenses, including payroll,
employee wages, utilities, lease obligations, insurance, taxes, and
other operating costs. The Debtor contends that without immediate
access to these funds, it would be unable to meet post-petition
obligations, preserve its business, or continue operating,
resulting in substantial harm to the estate and creditors.
The Debtor notes that its business experienced revenue growth,
generating approximately $858,140 in gross revenue during 2024 and
more than $1.02 million during 2025, demonstrating that it remains
an operating enterprise despite its financial distress.
Economic & Community Development Institution, which began financing
the company in April 2022, is owed approximately $45,883. The
Debtor identifies Huntington National Bank as its primary secured
lender, having extended loans beginning in July 2023, followed by
additional financing in October 2023 and March 2026. Huntington
required a subordination agreement placing its liens ahead of other
creditors and is believed to hold a first-priority security
interest in virtually all of the Debtor's assets, with an
outstanding balance of approximately $326,491. Additional secured
obligations include equipment financing with PEAC Solutions for
LENS equipment and a laptop totaling about $6,258, financing from
Ochs Labs, LLC for additional LENS equipment totaling approximately
$10,090, an equipment loan from NCMIC Finance Corporation secured
by Vision Tracker 2 equipment with an estimated balance of $14,649,
and a blanket-lien loan from Credibility of Arizona, LLC obtained
in June 2026 with an estimated balance of $63,000.
Huntington, ECDI, the equipment lenders, and other business lenders
may all assert security interests in the Debtor's cash, accounts
receivable, and other assets, leaving the company with insufficient
unencumbered funds to continue operations absent court approval.
The Debtor argues that without authority to use cash collateral, it
will be unable to pay lease obligations, payroll, taxes, insurance
premiums, utilities, and other ordinary operating expenses, forcing
the immediate shutdown of its business and eliminating any
opportunity for reorganization or value preservation. To support
its request, the Debtor has prepared a three-month cash flow budget
and asks the court to authorize cash collateral use consistent with
that budget.
As adequate protection for secured creditors, Cognitive Organics
proposes granting replacement liens on post-petition assets,
including cash, accounts receivable, inventory, equipment, and
related proceeds, with the same validity, priority, and extent as
the creditors' prepetition liens to the extent of any diminution in
collateral value. The Debtor also proposes providing creditors with
monthly financial information through the required Chapter 11
operating reports.
The Debtor further states that it explored alternative financing
but was unable to obtain unsecured or debtor-in-possession credit
on more favorable economic or non-economic terms because
substantially all of its assets are already encumbered.
A copy of the motion is available at https://urlcurt.com/u?l=EFhr13
from PacerMonitor.com.
A court hearing is scheduled for August 4.
About Cognitive Organics LLC
Cognitive Organics, LLC is an Ohio-based mental health services
provider operating from Bolivar, Ohio, offering both online and
in-person therapy services, including individual, couples, and
family counseling as well as neurofeedback therapy.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-61053-tnap) on July
17, 2026. In the petition signed by Sarah A. Downes, sole
member/president, the Debtor disclosed up to $50,000 in assets and
up to $1 million in liabilities.
Judge Tiiara NA Patton oversees the case.
Steven J. Heimberger, Esq., at Roderick Linton Belfance LLP,
represents the Debtor as legal counsel.
COMMODITY TRANSPORTERS: Hires David C. Johnston as Attorney
-----------------------------------------------------------
Commodity Transporters, Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to employ
David C. Johnston as attorney.
The firm's services include:
a. giving the Debtor legal advice about various bankruptcy
options, including relief under Chapters 7 and 11, and legal advice
about non-bankruptcy alternatives for dealing with the claims
against it;
b. giving the Debtor in Possession legal advice about its
rights, powers, and obligations in the Chapter 11 case and in the
management of the estate;
c. taking necessary action to enforce the automatic stay and
to oppose motions for relief from the automatic stay;
d. taking necessary action to recover and avoid any
preferential or fraudulent transfers and to exercise the Debtor in
Possession's strong-arm powers;
e. appearing with the Debtor's President at the meeting of
creditors, status conference, and other hearings held before the
Court;
f. reviewing and if necessary, objecting to proofs of claim;
g. taking steps to obtain Court authority for the sale or
refinancing of assets if necessary;
h. preparing a plan of reorganization and taking all steps
necessary to bring the plan to confirmation, if possible; and
i. representing the Debtor in Possession in all adversary
proceedings and other matters before this Court.
The firm will be paid at these rates:
David C. Johnston $500 per hour
The firm will be paid a retainer in the amount of $10,2620.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Johnston disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
David C. Johnston, Esq.
1600 G Street, Suite 102
Modesto, CA 95354
Telephone: (209) 579-1150
Facsimile: (209) 900-9199
About Commodity Transporters
Commodity Transporters Inc. is a regional motor carrier
headquartered in Merced County, California, offering over-the-road
freight transportation and logistics services. The company operates
a fleet of commercial trucks that transport a variety of commodity
and industrial freight for customers across several states.
Commodity Transporters Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-12787) on June
15, 2026. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.
Honorable Bankruptcy Judge Rene Lastreto II handles the case.
The Debtor is represented by David C. Johnston, Esq.
CONLIN STREET: Plan Confirmation Hearing Scheduled for Sept. 23
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Louisiana
will hold a hearing on September 23, 2026 at 9:30 a.m., before the
Honorable Meredith S. Grabill to confirm the Plan of Reorganization
for Small Business of Conlin Street LLC.
September 16, 2026, is fixed as the last day for submitting
acceptances or rejections of the Debtor's Chapter 11 Plan of
reorganization pursuant to Section 1126 of the Bankruptcy Code.
September 16, 2026, is fixed as the last day for filing and
serving, pursuant to Bankruptcy Rule 3020(b)(1), written objections
to confirmation of the Plan.
The Debtor's counsel is to tabulate the acceptances and/or
rejections of the Plan certify the tabulation of ballots and file
the tabulation of ballots into the record by September 18, 2026.
As shared by the Troubled Company Reporter, the Debtor projects
sufficient funds through the net rental income sufficient to make
distributions to creditors.
The Plan essentially provides for a maximum of three years of
payments to enable the Debtor to stabilize rental income and obtain
refinancing or sell the property. The deadline for the refinance or
sale (the "Refinance or Sale Event") shall be December 31, 2029
(the "Refinance or Sale Deadline").
Class 3 consists of Allowed General Unsecured Claims. General
unsecured creditors include Miguel Elias ($210,000); and Adolfo
Garcia ($200,000). Class 3 Allowed Claims shall be paid in full
from proceeds of the Refinance or Sale Event.
Class 3 inter-company claims or Claims held by Affiliates of the
Debtor shall either be subordinated to non-affiliate Allowed
Unsecured Claims or released/waived if proceeds from the Refinance
or Sale Event are insufficient to pay the Affiliates' Claims.
Estimated distribution is 100% for Class 3 Allowed Claims. This
Class is impaired.
Class 4 consists of Equity Interest Holders Ana De Aguilar and Jose
L. Veras-Pola (50/50). Class 4 equity security holders shall retain
their equity interests in the Debtor and will receive no
distribution under the Plan.
The Debtor shall fund Plan payments from rental revenues, with full
payment of all Allowed Claims by December 31, 2029 from the
proceeds of a sale of the Debtor's property or a refinance of its
obligations secured by the Property.
Dr. Jose L. Veras-Pola will continue to act as manager of the
Debtor after the Effective Date without any compensation for such
services.
A full-text copy of the Plan of Reorganization dated July 6, 2026
is available at https://urlcurt.com/u?l=U2f02k from
PacerMonitor.com at no charge.
A copy of the Court's Order dated July 16, 2026, is available at
https://urlcurt.com/u?l=T8vgMT from PacerMonitor.com.
About Conlin Street LLC
Conlin Street LLC is a limited liability company that may be
engaged in real estate ownership, property management, or related
investment activities.
Conlin Street LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10831) on
April 7, 2026. In its petition, the Debtor estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
Judge Meredith S. Grabill oversees the case.
Ryan James was appointed as Subchapter V Trustee.
The Debtor is represented by Leo D. Congeni, Esq., at Brooks Gelpi
Haase, LLC.
CRISCIONE MEYER: Hires Justice Law Group as Special Counsel
-----------------------------------------------------------
Criscione Meyer Entitlement LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of California to employ
Justice Law Group as special counsel.
The Debtor needs the firm's legal assistance in connection with a
case (Case No. 26STCV04382) pending in the Superior Court of the
State of California, County of Los Angeles, captioned as Criscione
Meyer Entitlement LLC v. 110 West Properties, LLC, et al.
The firm will be paid at 650 per hour.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Iskander, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Mario Iskander, Esq.
Justice Law Group
Newport Beach, CA 92661
Tel: (240) 439-1970
Email: mario@iskanderlaw.com
About Criscione Meyer Entitlement LLC
Criscione Meyer Entitlement LLC is a real estate holding and
development company that owns a six-parcel, approximately 1.58-acre
commercial land assemblage in Los Angeles, currently operated as
surface parking lots near downtown entertainment and convention
venues.
Criscione Meyer Entitlement LLC in Huntington Beach, CA, sought
relief under Chapter 11 of the Bankruptcy Code filed its voluntary
petition for Chapter 11 protection (Bankr. C.D. Cal. Case No.
26-12130) on July 13, 2026, listing as much as $10 million to $50
million in both assets and liabilities. Thuc Ba Tu as manager,
signed the petition.
GOE FORSYTHE & HODGES, LLP serve as the Debtor's legal counsel.
CUMULUS RESTAURANTS: Arturo Cisneros Named Subchapter V Trustee
---------------------------------------------------------------
Peter Anderson, the U.S. Trustee for Region 17, appointed Arturo
Cisneros as Subchapter V trustee for Cumulus Restaurants, LLC.
Mr. Cisneros will be paid an hourly fee of $600 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred. Trustee administrator and Sub law clerk charge
$200 per hour.
Mr. Cisneros declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Arturo M. Cisneros
3403 10th Street, Suite 714
Riverside, California 92501
About Cumulus Restaurants LLC
Cumulus Restaurants, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-17131) on July
19, 2026, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.
Judge Neil W. Bason presides over the case.
Jason E. Turner, Esq., at J. Turner Law Group, Apc represents the
Debtor as bankruptcy counsel.
DALLAS MOTORS: Unsecureds to Split $90.4K over 36 Months
--------------------------------------------------------
Dallas Motors, LLC filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Plan of Reorganization dated July 16,
2026.
The Debtor is a used-car dealership located in Garland, Texas.
Ahmed Adi owns 100% of the membership interests in the Debtor and
will continue to manage the Reorganized Debtor after confirmation
unless otherwise provided by a Plan amendment or Court order.
The Debtor commenced this Chapter 11 Subchapter V case on April 24,
2026, after a judgment in the amount of approximately $1,053,049.53
was entered against the Debtor and collection activity began. The
Debtor has remained in possession of its assets and continues to
operate its business as a debtor-in-possession.
This Plan provides for the Debtor to continue operating its used
car dealership, pay Administrative Claims and Professional Fee
Claims as required by the Bankruptcy Code and applicable Court
orders, pay the Allowed Tax Claims of the City of Garland, Garland
Independent School District, and Dallas County over thirty-six
months with interest at twelve percent per annum, and distribute
not less than $90,440.03 to holders of Allowed General Unsecured
Claims on a Pro Rata basis.
The proposed Class 2 distribution equals the Debtor's revised net
liquidation value available to unsecured creditors after deduction
of the aggregate principal amount of the senior Tax Claims, while
preserving the Debtor as a going concern.
Class 2 consists of Allowed General Unsecured Claims. The Debtor's
Status Report estimates General Unsecured Claims of $1,753,844.78.
The final amount of Class 1 will be determined through the Claims
allowance process. Holders of Allowed General Unsecured Claims
shall receive the following treatment:
* If the Plan is confirmed under section 1191(a), the
Reorganized Debtor shall distribute an aggregate principal amount
of $90,440.03 to Class 2, Pro Rata, beginning in Plan Month 13
(November 2027). The Reorganized Debtor shall pay $3,768.33 per
month during Plan Months 13 through 35 and $3,768.44 in Plan Month
36. The Plan Month 36 payment includes an $0.11 true-up so that
aggregate principal distributions equal exactly $90,440.03.
* The Class 2 distribution equals the Debtor's revised net
liquidation value available to General Unsecured Claims after
deduction of the senior Tax Claims. Based on the present estimate
of General Unsecured Claims, the distribution represents an
approximate 5.16% dividend; the actual percentage will depend on
the total amount of Allowed Class 2 Claims.
* To the extent required by section 1129(a)(7) for a holder
that does not accept the Plan, the Reorganized Debtor shall make an
additional present-value adjustment, including interest or another
adjustment fixed in the Confirmation Order, without reducing the
$90,440.03 principal distribution. Any such adjustment may be
funded from the projected cash-flow reserve or other available
operating revenue.
* If the Plan is confirmed under section 1191(b), the
Reorganized Debtor shall devote all projected disposable income to
payments under the Plan during the three-year period beginning on
the date the first payment is due, or shall distribute property
having a value not less than such projected disposable income, as
required by section 1191(c)(2) and determined by the Confirmation
Order. In all events, Class 1 shall receive not less than the
$116,238.55 aggregate principal distribution stated above, together
with any present-value adjustment required under section
1129(a)(7).
* If the Plan is confirmed under section 1191(b), the
Reorganized Debtor shall devote all projected disposable income to
payments under the Plan during the three-year period beginning
November 1, 2026, or shall distribute property having a value not
less than such projected disposable income, as required by section
1191(c)(2) and determined by the Confirmation Order. In all events,
Class 2 shall receive not less than the $90,440.03 aggregate
principal distribution, together with any present-value adjustment
required under section 1129(a)(7).
The Class 2 Claimants are impaired and are entitled to vote.
Class 3 consists of Equity Interests. Ahmed Adi shall retain his
existing 100% membership interest in the Debtor, subject to all
obligations imposed by the Plan and Confirmation Order. Class 3 is
unimpaired and deemed to accept the Plan. The Class 3 Equity
Interest holder is unimpaired and is not entitled to vote on the
Plan.
A full-text copy of the Plan of Reorganization dated July 16, 2026
is available at https://urlcurt.com/u?l=qokSgz from
PacerMonitor.com at no charge.
Counsel for the Debtor:
Brandon J. Tittle, Esq.
Manolo R. Santiago, Esq.
Tittle Santiago, PLLC
1125 Legacy Dr., Ste. 230
Frisco, TX 75034
Telephone: (972) 213-2316
Email: btittle@tittlelawpllc.com
About Dallas Motors LLC
Dallas Motors is a Garland, Texas-based used vehicle dealer. The
company sells used cars, trucks, and SUVs and provides vehicle
financing, loan application support, vehicle history reports, and
vehicle inspection and servicing. Dallas Motors serves car shoppers
with used vehicle inventory across body styles including pickup
trucks, sedans, SUVs, coupes, hatchbacks, minivans, wagons, and
convertibles.
The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-31777) on April 24,
2026, with up to $50,000 in assets and $1 million to $10 million in
liabilities. Ahmed Adi, member, signed the petition.
Brandon Tittle, Esq., at Tittle Law Firm, PLLC, is the Debtor's
counsel.
DANLERIE FREIGHT: Seeks Continued Cash Collateral Access
--------------------------------------------------------
Danlerie Freight Inc. asks the U.S. Bankruptcy Court for the
Central District of California, Los Angeles Division, for continued
authority to use cash collateral and provide adequate protection,
through November 30, 2026, under the same terms previously approved
in a final cash collateral order entered on May 18, 2026.
The company filed for bankruptcy protection on April 27, 2026, and
initially received interim authority to use cash collateral on
April 30, followed by final approval on May 18, allowing such use
through August 14, 2026. The original order authorized the Debtor
to operate under a post-petition budget with a permitted monthly
variance of up to 5% for each line item.
The Debtor explains that continued access to cash collateral
remains critical because its only source of operating funds
consists of post-petition revenue generated from its freight and
trucking business, including proceeds from factored accounts
receivable and funds deposited into its operating accounts. Without
the requested extension, the company would be unable to pay
ordinary business expenses necessary to preserve operations,
including fuel, payroll, contractor payments, insurance premiums,
vehicle maintenance, port fees, office and yard rent, and
regulatory compliance costs. Danlerie argues that maintaining these
expenditures is necessary to preserve the business as a going
concern and maximize value for creditors during the Chapter 11
process.
The Debtor asserts that it has fully complied with the terms of the
existing cash collateral order. It has made all required monthly
adequate protection payments, operated within the approved budget,
and remained current on all monthly operating reports required by
the U.S. Trustee. Under the existing order, the Debtor pays $770
each month to the U.S. Small Business Administration and $476 to
National Funding Inc., for total monthly adequate protection
payments of $1,247. In addition, replacement liens granted to the
SBA, National Funding, JI Factors LLC, Apex Funding Silver LLC, and
Forward Financing LLC continue to protect those creditors by
preserving the same validity, priority, and extent of their
prepetition security interests to the extent their collateral
declines in value due to the debtor's use of cash collateral.
Danlerie states that extending the cash collateral authority is
particularly important because its current authority expires on
August 14, 2026, shortly after the July 27 deadline for filing its
Subchapter V plan of reorganization. The company says the extension
through November 30 will provide sufficient time to file and serve
the plan, address objections, accommodate the October 26
governmental claims bar date, and proceed toward plan confirmation
without disrupting business operations. The Debtor notes that its
existing operating budget already extends through March 2027,
making it suitable to govern operations throughout the requested
extension period without modification, aside from the previously
approved 5% monthly variance.
A hearing on the matter is set for August 12, at 1 p.m.
A copy of the motion is available at https://urlcurt.com/u?l=Cd870b
from PacerMonitor.com.
About Danlerie Freight Inc.
Danlerie Freight Inc. is a transportation and logistics company
engaged in freight hauling and related shipping services.
Danlerie Freight filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. Case No. 26-14061) on April 27, 2026.
In its petition, the Debtor reports estimated assets ranging from
$100,001 to $500,000 and estimated liabilities ranging from $1
million to $10 million.
Honorable Bankruptcy Judge Sheri Bluebond handles the case.
The Debtor is represented by Kevin Tang, Esq., at Tang &
Associates.
DELTA STEEL: Scott Sackett Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 17 appointed Scott Sackett as
Subchapter V trustee for Delta Steel Construction, Inc.
Mr. Sacket 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. Seidel declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Scott M. Sackett
4030 S. Land Park Dr., Suite C
Sacramento, CA 95822
Phone: (916) 930-9900
Email: scott.sackett@efmt.com
About Delta Steel Construction Inc.
Delta Steel Construction, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D. Calif. Case No.
26-23936) on July 10, 2026, with assets of up to $50,000 and
liabilities of between $500,001 and $1 million.
Judge Christopher D. Jaime presides over the case.
David C. Johnston, Esq., represents the Debtor as legal counsel.
DISH DBS: Milbank & Howley Law Represent Noteholder Group
---------------------------------------------------------
An ad hoc group of DBS Noteholders to Dish DBS Corporation, Dish
Wireless L.L.C. and its debtor-affiliates, represented by Milbank
LLP and Howley Law PLLC as counsel, filed with the United States
Bankruptcy Court for the Southern District of Texas, Houston
Division, a Verified Statement pursuant to Federal Rule of
Bankruptcy Procedure 2019 to inform the Court of the Group's
current members and the nature and amount of claims they held in
the Debtors’ cases.
The Ad hoc group holds:
(i) 5.25% Senior Secured Notes due 2026 (2026 Secured Notes)
issued in the aggregate principal amount of $2,750,000,000 under
the Secured Indenture, dated as of November 26, 2021, by and among
DISH DBS Corporation (DBS), as issuer, the guarantors party
thereto, Wilmington Savings Society, FSB (WSFS), as successor
trustee, and U.S. Bank National Association (U.S. Bank), as
collateral agent (as amended, amended and restated, supplemented,
or otherwise modified from time to time, the DBS Secured
Indenture),
(ii) 5.75% Senior Secured Notes due 2028 (2028 Secured Notes)
issued in the aggregate principal amount of $2,500,000,000 under
the DBS Secured Indenture,
(iii) 7.75% Senior Notes due 2026 (2026 Unsecured Notes) issued
in the aggregate principal amount of $2,000,000,000 under the
Indenture, dated as of June 13, 2016, by and among DBS, as issuer,
the guarantors party thereto, and WSFS, as successor trustee, as
amended, amended and restated, supplemented, or otherwise modified
from time to time,
(iv) 7.375% Senior Notes due 2028 (2028 Unsecured Notes) issued
in the aggregate principal amount of $1,000,000,000 under the
Indenture, dated as of July 1, 2020, by and among DBS, as issuer,
the guarantors party thereto, and U.S. Bank, as trustee, as
amended, amended and restated, supplemented, or otherwise modified
from time to time,
(v) 5.125% Senior Notes due 2029 (2029 Unsecured Notes) issued
in the aggregate principal amount of $1,500,000,000 under the
Indenture, dated as of May 24, 2021, by and among DBS, as issuer,
the guarantors party thereto, and U.S., as trustee, governing the
2029 Senior Notes, as amended, amended and restated, supplemented,
or otherwise modified from time to time, and
(vi) 11.75% Senior Secured Notes due 2027 (DNC Notes) issued in
the aggregate principal amount of $3,500,000,000 under the Secured
Indenture, dated as of November 15, 2022, by and among DISH Network
Corporation, the guarantors party thereto, including, among
others,
Debtors DISH Wireless L.L.C. and DISH Wireless Leasing L.L.C., and
U.S. Bank, as trustee and collateral agent, as amended, amended and
restated, supplemented, or otherwise modified from time to time.
According to Ad Hoc Group's Verified Statement:
1. Prior to the Petition Date, the Ad Hoc Group retained
Milbank LLP as counsel in connection with any potential
restructuring or refinancing of the Debtors. In connection with the
Debtors' filing of the chapter 11 cases in the United States
Bankruptcy Court for the Southern District of Texas, the Ad Hoc
Group also retained Howley Law PLLC as counsel.
2. As of the date of this Verified Statement, other than as
expressly disclosed herein, Counsel represents only the Ad Hoc
Group and does not represent, or purport to represent, any entities
other than the Ad Hoc Group in connection with the Debtors' chapter
11 cases. In addition, none of the members of the Ad Hoc Group
represent or purport to represent any other entities in connection
with the Debtors' chapter 11 cases. Milbank also represents the
DWLLC Claims Trust as special counsel in connection with the
Debtors' chapter 11 cases.
3. Nothing contained in this Verified Statement is intended to
or should be construed to constitute:
-- a waiver or release of any claims against or equity
interests in the Debtors by any of the members of the Ad Hoc Group
or any of their respective affiliates; or
-- an admission with respect to any fact or legal theory.
Nothing herein should be construed as a limitation upon, or waiver
of, any rights of any of the members of the Ad Hoc Group or any of
their respective affiliates to assert, file, and/or amend any claim
or proof of claim filed in accordance with applicable law and any
orders entered in these cases;
4. Counsel reserves the right to amend this Verified Statement
as may be necessary in accordance with the requirements set forth
in Bankruptcy Rule 2019.
5. Each member of the Ad Hoc Group has indicated to Counsel
that they are Holders of or otherwise own disclosable economic
interests in relation to the Debtors. For the avoidance of doubt,
certain members of the Ad Hoc Group may hold or own economic
interests in relation to non-Debtor affiliates of the Debtors that
are not disclosed in this Verified Statement.
The names, addresses, nature, and amount of all disclosable
economic interests of each of the Ad Hoc Group in relation to the
Debtors, are:
1. AllianceBernstein L.P.
501 Commerce Street
Nashville, TN 37203
Nature, and amount of economic interests
DBS 2026 Secured Notes: $35,314,000
DBS 2028 Secured Notes: $90,524,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $34,946,000
DBS 2029 Unsecured Notes: $5,301,000
DNC 2027 Secured Notes: $0
2. APG Asset Management US Inc.
666 Third Avenue
New York, NY 10017
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $30,774,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $6,670,000
DBS 2029 Unsecured Notes: $20,071,000
DNC 2027 Secured Notes: $19,940,000
3. Aviva Investors Global Services Limited
Aviva Investors
80 Fenchurch Street
London, EC3M 4AE
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $40,360,000
DNC 2027 Secured Notes: $0
4. Barings LLC
300 South Tryon Street,
Suite 2500
Charlotte, NC 28202
Nature, and amount of economic interests
DBS 2026 Secured Notes: $28,118,000
DBS 2028 Secured Notes: $33,731,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $14,028,000
DBS 2029 Unsecured Notes: $2,908,000
DNC 2027 Secured Notes: $15,852,000
5. Benefit Street Partners, LLC
100 Federal Street, 22nd Floor
Boston, MA 02110
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $668,000
DBS 2026 Unsecured Notes: $6,000,000
DBS 2028 Unsecured Notes: $4,795,000
DBS 2029 Unsecured Notes: $17,236,000
DNC 2027 Secured Notes: $0
6. BlackRock Advisors, LLC
BlackRock Financial Management, Inc.
50 Hudson Yards,
New York, NY 10001
Nature, and amount of economic interests
DBS 2026 Secured Notes: $139,759,000
DBS 2028 Secured Notes: $234,993,000
DBS 2026 Unsecured Notes: $60,058,000
DBS 2028 Unsecured Notes: $100,838,000
DBS 2029 Unsecured Notes: $140,395,000
DNC 2027 Secured Notes: $392,611,000
7. BofA Securities, Inc. on behalf of its
U.S. Special Situations – Distressed Group3
1 Bryant Park, 3rd Floor
New York, NY 10036
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $1,891,000
DBS 2026 Unsecured Notes: $13,060,000
DBS 2028 Unsecured Notes: $3,142,000
DBS 2029 Unsecured Notes: $3,000,000
DNC 2027 Secured Notes: $0
8. Brigade Capital Management, LP
399 Park Avenue, 16th Floor
New York, NY 10022
Nature, and amount of economic interests
DBS 2026 Secured Notes: $6,435,000
DBS 2028 Secured Notes: $7,650,000
DBS 2026 Unsecured Notes: $495,000
DBS 2028 Unsecured Notes: $4,865,000
DBS 2029 Unsecured Notes: $1,015,000
DNC 2027 Secured Notes: $4,000,000
9. Calamos Advisors LLC
2020 Calamos Court
Naperville, IL 60563
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $6,706,000
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
10. Canyon Capital Advisors LLC;
River Canyon Fund Management LLC
2728 N. Harwood St., 2nd Floor
Dallas, TX 75201
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $75,500,000
DBS 2028 Unsecured Notes: $26,500,000
DBS 2029 Unsecured Notes: $53,492,000
DNC 2027 Secured Notes: $0
11. Certain funds and/or accounts, or
subsidiaries of such funds and/or
accounts, managed, advised or
controlled by Fidelity Management
& Research Company LLC or a
subsidiary or an affiliate thereof
245 Summer Street,
Boston, MA 02210
Nature, and amount of economic interests
DBS 2026 Secured Notes: $100,000
DBS 2028 Secured Notes: $100,000
DBS 2026 Unsecured Notes: $35,415,000
DBS 2028 Unsecured Notes: $32,000
DBS 2029 Unsecured Notes: $65,392,000
DNC 2027 Secured Notes: $176,215,000
12. Citigroup Global Markets Inc.
(The High Yield Trading Desk)
1 Penns Way, Ops 2 Fl. 2
New Castle, DE 19720
Nature, and amount of economic interests
DBS 2026 Secured Notes: $1,991,000
DBS 2028 Secured Notes: $3,305,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $6,388,000
DNC 2027 Secured Notes: $0
13. Columbia Management Investment Advisors, LLC
290 Congress Street
Boston, MA 02210
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $19,009,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $9,065,000
DBS 2029 Unsecured Notes: $34,313,000
DNC 2027 Secured Notes: $37,008,000
14. DoubleLine Capital LP
2002 N. Tampa Street, Suite 200
Tampa, FL 33602
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $13,005,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $7,005,000
DNC 2027 Secured Notes: $0
15. FFI Fund Ltd.
888 Boylston St. #15
Boston, MA 02116
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $480,903,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $144,662,000
DBS 2029 Unsecured Notes: $104,560,000
DNC 2027 Secured Notes: $0
16. Fidelity Investments Canada ULC
Fidelity Canada Investment Management
c/o Fidelity Investments Canada ULC
483 Bay Street, Suite 300,
North Tower Toronto, Ontario,
Canada M5G 2N7
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $220,000
DNC 2027 Secured Notes: $0
17. FIL Investments International
c/o FIL Investment Management Limited
4 Cannon Street
London EC4M 5AB,
United Kingdom
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $3,300,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $9,850,000
DBS 2029 Unsecured Notes: $16,833,000
DNC 2027 Secured Notes: $0
18. FYI Ltd.
888 Boylston St. #15
Boston, MA 02116
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $99,017,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $29,242,000
DBS 2029 Unsecured Notes: $22,793,000
DNC 2027 Secured Notes: $0
19. GoldenTree Asset Management LP
300 Park Avenue, 21st Floor
New York, NY 10022
Nature, and amount of economic interests
DBS 2026 Secured Notes: $154,250,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $88,507,000
DBS 2028 Unsecured Notes: $39,858,000
DBS 2029 Unsecured Notes: $125,409,000
DNC 2027 Secured Notes: $0
20. Helix Partners Management LP
545 Madison Avenue, 8th Floor
New York, NY 10022
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $22,000,000
DBS 2029 Unsecured Notes: $39,364,000
DNC 2027 Secured Notes: $0
21. Highbridge Capital Management, LLC
390 Madison Avenue – 28th Floor
New York, NY 10020
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $3,782,000
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
22. Invesco Advisors, Inc. Midtown Union
1331 Spring Street N.W.
Suite 2500
Atlanta, GA 30309
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $31,883,000
DNC 2027 Secured Notes: $0
23. JPMorgan Investment Management Inc.
or JPMorgan Chase Bank N.A.
1 East Ohio Street
6th Floor
Indianapolis, IN 46204
Nature, and amount of economic interests
DBS 2026 Secured Notes: $321,331,000
DBS 2028 Secured Notes: $88,598,000
DBS 2026 Unsecured Notes: $304,608,000
DBS 2028 Unsecured Notes: $7,114,000
DBS 2029 Unsecured Notes: $742,000
DNC 2027 Secured Notes: $363,912,000
24. Loomis, Sayles & Company, L.P.
One Financial Center
Boston, MA 02111
Nature, and amount of economic interests
DBS 2026 Secured Notes: $255,247,000
DBS 2028 Secured Notes: $113,048,000
DBS 2026 Unsecured Notes: $25,588,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $5,311,000
25. Lord, Abbett & Co. LLC
30 Hudson St. Jersey City,
NJ 07302
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $47,750,000
DBS 2029 Unsecured Notes: $103,647,000
DNC 2027 Secured Notes: $16,387,000
26. Marathon Asset Management, L.P.
One Bryant Park, 38th Floor
New York, NY 10036
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $1,081,000
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
27. Marshall Wace North America L.P. 66 Hudson Blvd. E.
New York, NY 10001
DBS 2026 Secured Notes: $24,000,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $34,071,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $19,500,000
DNC 2027 Secured Notes: $0
28. Morgan Stanley & Co. LLC,
solely on behalf of our New York
Distressed Debt Trading Desk, and
not on behalf of any of its other
businesses or those of its affiliates
1585 Broadway, 3rd Fl.
New York, NY 10036
Nature, and amount of economic interests
DBS 2026 Secured Notes: $1,500,500
DBS 2028 Secured Notes: $4,285,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $45,000
DBS 2029 Unsecured Notes: $6,434,000
DNC 2027 Secured Notes: $0
29. Neuberger Berman Investment Advisors LLC
190 S. LaSalle Street
Chicago, IL 60603
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $11,988,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $34,572,000
DBS 2029 Unsecured Notes: $5,196,000
DNC 2027 Secured Notes: $1,965,000
30. Nomura Corporate Research and
Asset Management Inc
309 West 49th St., 24th Floor
New York, NY 10019-7316
Nature, and amount of economic interests
DBS 2026 Secured Notes: $40,990,000
DBS 2028 Secured Notes: $50,468,000
DBS 2026 Unsecured Notes: $27,752,000
DBS 2028 Unsecured Notes: $28,925,000
DBS 2029 Unsecured Notes: $29,174,000
DNC 2027 Secured Notes: $89,940,000
31. Nut Tree Master Fund, LP
55 Hudson Yards, 22nd Floor
New York, NY 10001
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $35,000,000
DBS 2028 Unsecured Notes: $12,000,000
DBS 2029 Unsecured Notes: $69,865,000
DNC 2027 Secured Notes: $0
32. Nuveen Asset Management, LLC
730 Third Avenue
New York, NY 10017
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $5,000,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $3,310,000
DNC 2027 Secured Notes: $0
33. Olifant Fund, Ltd.
888 Boylston St. #15
Boston, MA 02116
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $97,300,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $29,421,000
DBS 2029 Unsecured Notes: $22,196,000
DNC 2027 Secured Notes: $0
34. Pacific Investment Management Company LLC,
in its capacity as investment manager, adviser or
sub-adviser of funds or accounts that hold
disclosable economic interests in
relation to the Debtors.
650 Newport Center Drive,
Newport Beach, CA 92660
Nature, and amount of economic interests
DBS 2026 Secured Notes: $1,297,472,000
DBS 2028 Secured Notes: $765,092,000
DBS 2026 Unsecured Notes: $178,810,000
DBS 2028 Unsecured Notes: $12,212,000
DBS 2029 Unsecured Notes: $15,815,000
DNC 2027 Secured Notes: $73,608,000
35. PGIM, Inc.
Prudential Tower
655 Broad St., 7th Fl.
Newark, NJ 07102
Nature, and amount of economic interests
DBS 2026 Secured Notes: $10,000
DBS 2028 Secured Notes: $1,335,000
DBS 2026 Unsecured Notes: $595,967,000
DBS 2028 Unsecured Notes: $32,763,000
DBS 2029 Unsecured Notes: $78,401,000
DNC 2027 Secured Notes: $209,265,000
36. Principal Global Investors, LLC
801 Grand Avenue
Des Moines, IA 50392-6750
Nature, and amount of economic interests
DBS 2026 Secured Notes: $30,277,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
37. RBC CAPITAL MARKETS LLC,
solely in respect of its Distressed
Debt Trading Desk, and not any
other desk, business, unit, group,
division or affiliate thereof
200 Vesey St, 8th Floor
New York, NY 10281
Nature, and amount of economic interests
DBS 2026 Secured Notes: $84,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $29,176,000.00
DNC 2027 Secured Notes: $0
38. Redwood Capital Management, LLC
250 West 55th Street, 26th Floor,
New York, NY 10019
Nature, and amount of economic interests
DBS 2026 Secured Notes: $20,500,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $46,118,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $34,000,000
DNC 2027 Secured Notes: $0
39. Shenkman Capital Management, Inc.
151 West 42nd St., 29th Floor
New York, NY 10036
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $29,284,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $30,054,000
40. Silver Point Capital, L.P.
2 Greenwich Plaza, Suite 1
Greenwich, CT 06830
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $68,781,204
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
41. Spring Creek Capital, LLC
4111 E. 37th Street N
Wichita, KS 67002
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $20,000,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $14,465,000
42. Stonehill Capital Management LLC
320 Park Ave, 26th Floor
New York, NY 10022
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $8,000,000
DBS 2028 Unsecured Notes: $8,750,000
DBS 2029 Unsecured Notes: $15,928,000
DNC 2027 Secured Notes: $0
43. Rowe Price Associates, Inc.
1307 Point Street
Baltimore, MD 21231
Nature, and amount of economic interests
DBS 2026 Secured Notes: $108,490,000
DBS 2028 Secured Notes: $130,495,000
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $74,235,000
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $27,339,000
44. Taconic Capital Advisors L.P.
280 Park Avenue, 5th Floor
New York, NY 10017
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $8,000,000
DBS 2026 Unsecured Notes: $7,000,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $14,250,000
DNC 2027 Secured Notes: $14,500,000
45. TCW Group, Inc.
515 S Flower Street
Los Angeles, CA 90071
Nature, and amount of economic interests
DBS 2026 Secured Notes: $0
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $0
DBS 2028 Unsecured Notes: $8,245,000
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $7,721,000
46. The High Yield Fixed Income
Business Unit of Goldman Sachs
Asset Management, L.P.
200 West Street
3rd Floor
NY, NY 10282
Attn: Jeff Olinsky
Nature, and amount of economic interests
DBS 2026 Secured Notes: $13,856,000
DBS 2028 Secured Notes: $5,277,000
DBS 2026 Unsecured Notes: $405,000
DBS 2028 Unsecured Notes: $450,000
DBS 2029 Unsecured Notes: $27,451,000
DNC 2027 Secured Notes: $23,259,000
47. Water Island Credit Opportunities Fund
104 5th Avenue
New York, NY 10011
Nature, and amount of economic interests
DBS 2026 Secured Notes: $6,243,000
DBS 2028 Secured Notes: $0
DBS 2026 Unsecured Notes: $2,000,000
DBS 2028 Unsecured Notes: $0
DBS 2029 Unsecured Notes: $0
DNC 2027 Secured Notes: $0
48. Western Asset Management Company, LLC
385 East Colorado Boulevard
Pasadena, CA 91101
Nature, and amount of economic interests
DBS 2026 Secured Notes: $22,750,000
DBS 2028 Secured Notes: $17,730,000
DBS 2026 Unsecured Notes: $7,409,000
DBS 2028 Unsecured Notes: $1,360,000
DBS 2029 Unsecured Notes: $7,608,000
DNC 2027 Secured Notes: $19,290,000
Counsel to the Ad Hoc Group of DBS Noteholders:
Dennis Dunne, Esq.
Lisa Laukitis, Esq.
Abigail Debold, Esq.
MILBANK LLP
55 Hudson Yards
New York, NY 10001-2163
Tel: (212) 530-5000
E-mail: ddunne@milbank.com
llaukitis@milbank.com
adebold@milbank.com
- and -
Andrew Leblanc, Esq.
MILBANK LLP
1101 New York Ave NW
Washington, DC 20005
Tel: (212) 530-5000
Email: aleblanc@milbank.com
- and -
Tom A. Howley, Esq.
Eric Terry, Esq.
HOWLEY LAW PLLC
TC Energy Center
700 Louisiana St., Suite 4220
Houston, TX 77002
Tel: 713-333-9125
E-mail: tom@howley-law.com
eric@howley-law.com
About DISH DBS Corporation
DISH DBS Corporation is a holding company and an indirect,
wholly-owned subsidiary of DISH Network Corporation. It offers
pay-TV services under the "DISH" brand and the "SLING" brand. It
also design, develop and distribute receiver systems and provide
digital broadcast operations, including satellite
uplinking/downlinking, transmission and other services to
third-party pay-TV providers.
DISH DBS Corporation sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90627 (CML)) on June
30, 2026.
Judge Christopher M. Lopez presides over the case.
White & Case represents the Debtors as legal counsel. Epiq
Corporate Restructuring, LLC serves as the Debtors' noticing and
solicitation agent. FTI Consulting, Inc. and FTI Capital Advisors,
LLC, serve as the Debtors' restructuring and financial advisor and
investment banker. Dentons US LLP has been tapped as counsel to the
special committee of independent managers of DISH Wireless L.L.C.
An official committee of unsecured creditors has been appointed in
the case.
DOC'S DIVINE: Hires Heard Ary & Daurao LLC as Counsel
-----------------------------------------------------
Doc's Divine Properties, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Alabama to employ
Heard, Ary & Daurao, LLC as counsel.
The firm will render these services:
(a) advise the Debtor with respect to its powers and duties;
(b) take necessary action against various creditors, entities,
governmental agencies, etc., to enforce the stay and protect the
interests of the Debtor;
(c) prepare all necessary legal papers; and
(d) perform all other legal services for the Debtor which may
be necessary herein.
The firm will be paid at the hourly rate of $400. The firm will
also be reimbursed for reasonable out-of-pocket expenses incurred.
Mr. Heard 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 D. Heard, Esq.
Heard, Ary & Dauro, LLC
303 Williams Avenue, Suite 921
Huntsville, AL 35801
Tel: (256) 535-0817
Email: kheard@heardlaw.com
About Doc's Divine Properties, LLC
Doc's Divine Properties, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ala. Case No. 26-81630) on July 22, 2026.
The Debtor hires Heard, Ary & Daurao, LLC as counsel.
DOLPHIN COMPANY: Rejects Former CEO Claims, Affirms Ch. 11 Control
------------------------------------------------------------------
Mexican court records do not support the claims made by the former
CEO, and the independent director and Chief Restructuring Officer
of the Dolphin Company remain in control of the company under the
laws of Mexico and under the Chapter 11 process in the United
States.
On July 26, 2026, the duly authorized leadership recognized by the
courts of Mexico and the United States Bankruptcy Court for the
District of Delaware issued a statement in response to a press
release claiming to be from the company but circulated by former
CEO Eduardo de Martín Albor Villanueva and others claiming to
speak for the Company:
The recent press release issued by former management is false and
misleading, and its unauthorized issuance violates several orders
of the United States Bankruptcy Court. No Mexican court has
overturned the March 2025 change in leadership of The Dolphin
Company. Steven Strom, the Company's Independent Director, and
Robert Wagstaff, the Company's Chief Restructuring Officer, remain
the duly authorized representatives of the Company and continue to
lead the Company through its restructuring process.
Any suggestions to the contrary are simply false. In plain terms,
there is no Mexican insolvency proceeding supervising the
restructuring of any of the entities comprising The Dolphin
Company. Mr. Albor's actions in connection with seeking to
initiate a Mexican insolvency proceeding have become the subject of
criminal proceedings pending against Mr. Albor in Mexico, which
proceedings remain ongoing.
Former management's statement also ignores another critical fact:
precautionary measures issued by a Mexico City civil court on April
4, 2025 continue to prohibit Mr. Albor from holding himself out as,
or acting as, a representative of the Company.
The Company will not allow inaccurate public statements to distract
from its work. The Company remains focused on completing its
Chapter 11 restructuring, protecting the welfare of its animals,
supporting its employees, and preserving value for stakeholders.
"The record is clear: former management has not been reinstated.
There is no Mexican Supreme Court ruling that says otherwise, and
The Dolphin Company's authorized leadership remains in place," said
Steven Strom, Independent Director of The Dolphin Company, and
Robert Wagstaff, Chief Restructuring Officer. "We remain focused on
the responsible restructuring of the Company and on the employees
and animals who depend on its continued operations." Any attempts
by former management to reinstate itself or hold itself out as
being in control of The Dolphin Company are a violation of the laws
of Mexico and the United States.
The Company reserves all rights with respect to any false or
misleading statements made by former management or by persons
purporting to act on the Company's behalf without authority.
About The Dolphin Company
The Dolphin Company is an aquatic park operator with a global
presence, operating 30 parks and dolphin habitats in 8 countries,
focusing on interactive experiences with marine mammals and
promoting environmental stewardship through education and
conservation efforts.
Leisure Investments Holdings LLC is the parent company of The
Dolphin Company who are in Chapter 11 bankruptcy in Delaware.
Additional information about the Chapter 11 filing, including court
documents, can be found at
(https://www.veritaglobal.net/dolphinco); or by calling (888)
733-1434 (U.S./Canada) or (310) 751-2633 (International).
ECUBE LABS: Hires Berkeley Research as Forensic Accountant
----------------------------------------------------------
Ecube Labs Co. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to employ Berkeley Research Group,
LLC as forensic accounting and economic damages expert.
On July 14, 2026, the Court entered the Scheduling/Procedures Order
re Claims to be Estimated approving and establishing the procedures
for the estimation, pursuant to Section 502(c) of the U.S.
Bankruptcy Code, for the estimation of Claim 10 as well as
counterclaims of the Debtor against the WC Parties (the "Claim
Estimation").
The firm will provide these services:
a. expert services in relation to the Claim Estimation in the
area of forensic accounting and economic damages analyses,
including preparation of an appropriate report with respect to the
Claim Estimation;
b. provide expert testimony in connection with the Claim
Estimation;
c. provide all such other similar services, including further
reports and testimony, which the Debtor may deem appropriate or
necessary; and
d. Providing all such other and further services as the Debtor
may request or as may be necessary and appropriate.
Michael A. Fahlman's current hourly rate is to be involved in this
matter is $995.
The current hourly rates for the professionals who are expected to
be involved in this matter are $300 to $795 per hour.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
The firm will be paid a retainer of $25,000.
Michael A. Fahlman, a partner at Berkeley Research Group, LLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Michael A. Fahlman
Berkeley Research Group, LLC
One Renaissance
2 North Central Avenue, Suite 1700
Phoenix, AZ 85004
Tel: (602) 388-1100
About Ecube Labs Co.
Ecube Labs Co., doing business as Haulla, arranges waste
collection, junk removal, and dumpster rental services for
commercial customers by connecting them with local haulers. The
Company manages and coordinates disposal services to help
businesses reduce costs and improve efficiency. Founded in 2017 and
based in Alhambra, California, Haulla serves clients including
restaurants, retail stores, offices, auto shops, and other
commercial establishments in markets such as Los Angeles, Dallas,
Houston, Austin, and Baltimore.
Ecube Labs Co. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43950) on October 10,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.
The Debtor is represented by Emily S. Chou, Esq. of VARTABEDIAN
HESTER & HAYNES LLP.
ECUBE LABS: Hires HKA Global LLC as Data Forensics Expert
---------------------------------------------------------
Ecube Labs Co. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to employ HKA Global, LLC as
digital, electronic discovery and data forensics expert.
On July 14, 2026, the Court entered the Scheduling/Procedures Order
re Claims to be Estimated approving and establishing the procedures
for the estimation, pursuant to Section 502(c) of the U.S.
Bankruptcy Code, for the estimation of Claim 10 as well as
counterclaims of the Debtor against the WC Parties (the "Claim
Estimation").
The firm's services include:
a. forensic analysis in relation to the Claim Estimation,
including preparation of an appropriate report with respect to the
Claim Estimation;
b. provide testimony in connection with the Claim Estimation;
c. provide a report, of his analysis in connection with the
Claim Estimation;
d. provide all such other reports and testimony which the
Debtor may deem appropriate or necessary; and
e. Providing all such other and further services as the Debtor
may request or as may be necessary and appropriate.
The firm will be paid at these rates:
Andy Antunez $1,025 per hour
HKA staff $400 to $850 per hour
The firm will be paid a retainer in the amount of $ $40,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Antunez disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Andy Antunez
HKA Global, LLC
1717 Main Street, Suite 3075
Dallas, TX 75201
Tel: (214) 450-8717
Email: andyantunez@hka.com
About Ecube Labs Co.
Ecube Labs Co., doing business as Haulla, arranges waste
collection, junk removal, and dumpster rental services for
commercial customers by connecting them with local haulers. The
Company manages and coordinates disposal services to help
businesses reduce costs and improve efficiency. Founded in 2017 and
based in Alhambra, California, Haulla serves clients including
restaurants, retail stores, offices, auto shops, and other
commercial establishments in markets such as Los Angeles, Dallas,
Houston, Austin, and Baltimore.
Ecube Labs Co. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43950) on October 10,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.
The Debtor is represented by Emily S. Chou, Esq. of VARTABEDIAN
HESTER & HAYNES LLP.
EMPIRE YORKTOWN: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
Empire Yorktown, LLC received interim approval from the U.S.
Bankruptcy Court for the Northern District of Illinois, Eastern
Division, to use cash collateral.
The Debtor has no other source of funding and needs to use its cash
collateral to fund its operations during the Chapter 11 case.
Under the interim order, the Debtor is authorized to use cash
collateral through August 13 in accordance with the court-approved
budget. The Debtor may exceed the aggregate budgeted line items by
up to 10% or make additional expenditures if agreed to by Busey
Bank, the secured lender.
The Debtor's assets include cash deposits, inventory and other
personal property. These assets and the proceeds generated from
them constitute cash collateral under section 363 of the Bankruptcy
Code.
Busey Bank, the Debtor's primary secured lender, asserts a lien on
the Debtor's assets and their proceeds based on a Uniform
Commercial Code financing statement filed with the Illinois
Secretary of State in connection with a Small Business
Administration-backed loan. The outstanding balance on that
obligation is approximately $3.5 million.
Pursuant to the interim order, Busey Bank will be granted adequate
protection through replacement liens on the Debtor's cash
collateral and other post-petition property of the same type and
priority as its pre-petition collateral. The order preserves the
rights and remedies of both the Debtor and the lender under their
agreements and applicable law.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/KZLXV from PacerMonitor.com.
The next hearing is scheduled for August 4.
About Empire Yorktown LLC
Empire Yorktown, LLC, doing business as Empire Burger and Brew,
operates a restaurant and banquet business at Yorktown Center in
Lombard, Illinois.
Empire Yorktown sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-11705) on July 15,
2025. In the petition signed by William P. Cullen, manager, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.
Gregory K. Stern, Esq., at Gregory K. Stern, P.C., represents the
Debtor as legal counsel.
ENGLEWOOD HOSPITALITY:Taps New Jersey Public Adjustors as Adjuster
------------------------------------------------------------------
Englewood Hospitality, LLC and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of New Jersey to hire
New Jersey Public Adjustors Inc. as public adjuster.
The firm' services include:
-- provide such usual and customary services as may be needed for
the adjustment of loss with the insurance company; and
-- assist and advise the Debtor in the adjustment of the Debtor's
property damage insurance claim, which services may include
evaluation, documentation, presentation.
The fee for the services rendered will be 5% of the amount paid on
the loss by the insurance company, up to a cap of $1.5 million.
As disclosed in the court filings, New Jersey Public Adjustors Inc.
is a disinterested person under 11 U.S.C. Sec. 101(14).
The firm can be reached through:
Carlos Ortega
New Jersey Public Adjustors Inc.
495 Sylvan Avenue
Englewood Cliffs, NJ 07632
Tel: (201) 945-2001
About Englewood Hospitality LLC
Englewood Hospitality, LLC operates a restaurant in Englewood, New
Jersey, and Lefkes Delray LLC runs a restaurant in Delray, Florida,
with both participating in the full-service restaurant industry.
Englewood Hospitality filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. D.N.J. Case No. 25-22962) on
December 8, 2025, with $534,205 in assets and $1,308,989 in
liabilities. Georgia Dumas, founder and managing partner, signed
the petition.
Andreas Koutsoudakis, Esq., and Robert L. Rattet, Esq., at Davidoff
Hutcher & Citron, LLP represents the Debtor as legal counsel.
Joseph Schwartz, Esq., at Riker Danzig Scherer Hyland & Perretti,
LLP, serves as Subchapter V trustee for the Debtor.
ESCAMBIA COUNTY: Court OKs $2.2M Interim DIP Loan From United Bank
------------------------------------------------------------------
Escambia County Alabama Community Hospitals, Inc. received interim
approval from the U.S. Bankruptcy Court for the Southern District
of Alabama to use cash collateral and obtain post-petition
financing.
Operating since 1966, the acute care hospital serves Atmore,
Alabama, and surrounding rural communities with essential services,
including a 24-hour emergency room. Governed by an independent
board under the sole membership of the Escambia County Health Care
Authority, the hospital filed for Chapter 11 relief on July 10,
2026, and continues to manage its business operations as a
debtor-in-possession without an appointed creditors' committee,
trustee, or examiner.
The hospital's debt structure prior to filing includes a credit
facility with United Bank, originally set at $200,000 and later
expanded to $400,000, which carries an outstanding balance of
$300,000 secured by deposit accounts, accounts receivable, and
equipment. Additionally, Trustmark Bank claims an obligation of
approximately $1.8 million arising from an August 2025 revolving
credit agreement. However, the Debtor explicitly disputes owing
this debt, noting that the underlying loan was secured by assets
belonging to the Health Care Authority and a separate hospital
entity, leaving it unsecured with respect to the Debtor.
To stabilize operations, the Debtor negotiated a senior secured,
superpriority DIP facility provided by United Bank, with additional
guarantees from the City of Atmore and the Poarch Band of Creek
Indians. The overall facility provides up to $7 million in total
aggregate principal, with up to $2.2 million available immediately
upon entry of an interim order pending a final hearing. The
facility carries a floating interest rate set at Wall Street
Journal Prime minus 0.5 percent and matures 18 months after
execution. It is secured by senior priming liens on virtually all
existing and future real and personal property, taking priority
over prepetition liens. To accommodate case administration, the
facility incorporates a carve-out for statutory court fees, up to
$15,000 for a potential Chapter 7 trustee, and budgeted
professional fees for the estate.
As adequate protection for the subordination of its prepetition
liens, United Bank will receive replacement liens and superpriority
claims strictly limited to any actual diminution in the value of
its collateral.
The hospital faces severe financial pressures typical of rural
healthcare providers, including declining reimbursement rates,
rising labor and supply costs, and constrained liquidity. Obtaining
post-petition financing and accessing cash collateral is critical
to maintain daily patient care, preserve emergency room capacity,
meet payroll, and uphold essential vendor relationships. Because
the Debtor was unable to obtain unsecured credit or alternative
financing on more favorable terms due to its financial distress,
this arm's-length, new-money term loan represents the only viable
path to avoid immediate operational disruption and preserve the
hospital's going-concern value for its community and creditors.
The order is available at
http://bankrupt.com/misc/EscambiaCounty_DIPOrder64.pdf
A final hearing is scheduled for August 25. Objections must be
filed no later than five days before the hearing.
United BankX, as DIP lender, is represented by:
Jeffrey R. Barber, Esq.
JONES WALKER LLP
3100 North State Street, Suite 300 (39216)
Post Office Box 427
Jackson, MS 39205-0427
Telephone (601) 949-4765
Telecopy (601) 949-4804
jbarber@joneswalker.com
About Escambia County Alabama Community Hospitals
Inc.
Escambia County Alabama Community Hospitals, Inc. is an Atmore,
Alabama-based healthcare provider operating Atmore Community
Hospital, a 49-bed acute care and Critical Access Hospital. The
organization provides emergency medicine, intensive care, and rural
health clinic services, while maintaining a management affiliation
with Infirmary Health for operational and clinical support. The
hospital streamlined operations by closing its surgery department
in 2024 amid financial challenges and employed approximately 316
people during the 2024 fiscal year.
Escambia County Alabama Community Hospitals, Inc. sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-12059) on
July 10, 2026. In its petition, the debtor reported estimated
assets of $10 million to $50 million and estimated liabilities of
$1 million to $10 million.
Honorable Bankruptcy Judge Jerry C. Oldshue is overseeing the
case.
The Debtor is represented by Alexandra K. Garrett, Esq., of Silver
Voit Garrett & Watkins.
ETEGRA INC: Includes Texas Comptroller of Public Accounts Claim
---------------------------------------------------------------
Etegra, Inc. submitted an Amended Disclosure Statement describing
Plan of Reorganization dated July 16, 2026.
The Debtor believes that the Plan of Reorganization provides the
best value for the creditors' claims and is in their best interest.
Class Four consists of the claim of Texas Comptroller of Public
Accounts. The Texas Comptroller of Public Accounts filed a priority
claim in the amount of $5,246.91 (Claim #16) for franchise taxes.
The Debtor shall pay this claim over twelve months at the statutory
rate of interest $455.81 per month. This claim is impaired.
Like in the prior iteration of the Plan, the general unsecured
claims in Class Four prior to the filing of any objections total
the amount of $16,050,469.48, which will be paid over the five-year
term of the Plan at the rate of $1,000.00 per month on a pro-rata
basis. The payments will commence on the Effective Date of the
Plan.
The dividend to this class of creditors is subject to change upon
the determination of objections to claims. To the extent that the
Debtor is successful or unsuccessful in any or all of the proposed
Objections, then the dividend and distribution to each individual
Class of General Unsecured Claims then the dividend and
distribution to each individual creditor will be adjusted
accordingly. These claims are impaired.
Class Five consists of Equity Holders. There shall be no
distribution to the equity holders of ETEGRA, INC. under the
confirmed Plan and no dividends to this class of claimants.
The Debtor will continue to operate and be managed by Smart
Infrastructure Group, LC. The CEO is Achyut Kumar Allady.
At the time of the filing of the case, the shareholders were (i)
Aditi Allady (80,600 shares), Joseph Carter (400 shares), Sonnie
Kishna-Sencerea (300 shares), Thandava Murty (3,000 shares) and
Andrew Kishna (15,000). For several years (both pre-petition and
postpetition), Joseph Carter, Sonnie Kishna-Sencerea, Thandava
Murty and Andrew Kishna have not attended shareholder meetings,
contributed to the Debtor's operations, whether monetarily or
nonmonetarily, or otherwise remained actively involved in the
company.
Accordingly, through their actions and failure to be involved in
the Debtor's operations, it is deemed that they have forfeited
their shares to the active shareholder, Aditi Allady. New share
certificates shall be issued accordingly.
A full-text copy of the Amended Disclosure Statement dated July 16,
2026 is available at https://urlcurt.com/u?l=MDi66n from
PacerMonitor.com at no charge.
Etegra Inc. is represented by:
Dana Kaplan, Esq.
KELLEY KAPLAN DELANEY & ELLER, PLLC
1665 Palm Beach Lakes Blvd., Suite 1000
West Palm Beach, FL 33401
Telephone: (561) 491-1200
Facsimile: (561) 684-3773
About Etegra Inc.
Etegra is an architect-engineer firm that provides architecture,
engineering, and construction management services primarily for the
U.S. Department of Defense and other federal agencies, with
additional civil, mechanical, electrical, plumbing, and fire
protection engineering work for local public and private clients.
Etegra, Inc. filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24345) on
Dec. 4, 2025, listing $436,230 in assets and $6,765,257 in
liabilities. The petition was signed by Achyut Kumar Allady as
authorized representative of the Debtor.
Judge Erik P Kimball presides over the case.
Craig I. Kelley, at KELLY KAPLAN & ELLER, PLLC, is the Debtor's
counsel.
FALLS OF PARRAMATTA: Hires R & K Interests as Property Manager
--------------------------------------------------------------
Falls of Parramatta, LP and Falls of Town Park, LP seeks approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to hire R & K Interests, Inc. d/b/a Investors' Property Services as
property manager.
IPS will provide these services:
A. Property Management Services
-- Implement a management plan to improve income and
operations, including a competitive market analysis, property
position analysis, and rehabilitation and capital recommendations.
-- Evaluate the site-level software system and implement a
new one if needed; negotiate vendor contracts as needed; and
establish a maintenance work-order and documentation system.
-- Obtain or verify property insurance and assist with any
claims; supervise and regularly inspect all ongoing on-site
building operations; obtain required licenses; and review
site-level safety and security programs.
-- Comply with local, state, and federal laws and
regulations, and provide 24-hour, 365-day emergency phone contact
for on-site personnel.
-- Collect and bank revenues, and voucher and disburse all
vendor invoices, consistent with the Debtors' cash-management
arrangements and the Cash Collateral Orders.
-- Document operations in a detailed monthly narrative of
property operations provided to the owner and related parties, and
provide weekly key-issue status updates as requested.
B. Personnel Services
-- Employ all on-site personnel under IPS through ADP
TotalSource, with salary and employer costs billed back to the
Properties, and assume all employment and employer
responsibilities, including payroll tax compliance and workers'
compensation coverage -- facilitating an orderly transition of the
site-level workforce.
C. Financial Documentation and Services
-- Provide a monthly financial statement package detailing
month- and year-to-date collections, disbursements, delinquencies,
and receivables/payables, including an income and expense
statement, balance sheet, budget comparison variance report,
general ledger and supporting journals, check disbursements record,
monthly accounts receivable analysis, aged delinquency analysis,
bank account reconciliation, and bank statements, together with an
expense documentation policy.
-- Support the Debtors' preparation of monthly operating
reports, budgets, and the reporting required under the Cash
Collateral Orders.
D. Marketing Services
-- Review and adjust the marketing plan, including
competitive analysis; examination of listings, websites, digital
spend, and social media; recommendations to increase efficiency of
spend and reduce average cost per lease; and evaluation or
implementation of site-level training and resident-life programs.
E. Due Diligence and Sale Preparation Services
-- Assist in the compilation of a due diligence package for
brokers (contracts, licenses, tax bills, historical operating data,
inventory, leases, and other pertinent materials), and engage or
coordinate as needed with brokers, potential purchasers,
environmental assessment firms, and tax appeal firms.
F. Client Relations
-- Provide takeover reports, weekly update reports, and
monthly operating reports, and rapid responses to questions or
requests.
IPS will receive the following compensation:
Management Fee
-- The greater of 3% of income collected or a monthly minimum
of $12,500 for the Parramatta Apartments and $7,500 for the Town
Park Apartments. The management fee includes the services of IPS
senior management, bookkeeping services, and the services of an IPS
executive as chief restructuring officer (the subject of a
separate application).
One-Time Set-Up Fee
-- $4,750 (Parramatta Apartments); $2,750 (Town Park
Apartments).
On-Site Salary & Personnel
-- Billed to the Properties at pay rate plus employment burden
(workers' compensation, benefits, taxes, processing, and
administration), with on-site personnel employed under IPS through
ADP TotalSource.
Mileage
-- $0.70 per mile, property-related.
Bookkeeping Services
-- Included.
Construction Management
-- 7% -- for capital items approved in advance.
As disclosed in the court filing, R & K Interests, Inc. is a
"disinterested person" within the meaning of 11 U.S.C. Sec.
101(14).
The firm can be reached through:
Robert C. Warren III
R & K Interests, Inc.
d/b/a Investors' Property Services
6300 La Alameda, Suite 240
Mission Viejo, CA 92691
About Falls of Parramatta LP
Falls of Parramatta, LP own and manage two apartment communities.
Falls of Parramatta and Falls of Town Park, LP sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas
Lead Case No. 26-90598) on June 2, 2026. At the time of the filing,
the Debtors reported between $10 million and $50 million in both
assets and liabilities.
Judge Alfredo R. Perez oversees the cases.
Susan Tran Adams, Esq., at Tran Singh, LLP, represents the Debtors
as legal counsel.
FALLS OF PARRAMATTA: Taps Robert C. Warren III of R & K as CRO
--------------------------------------------------------------
Falls of Parramatta, LP and Falls of Town Park, LP seeks approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to hire R & K Interests, Inc. d/b/a Investors' Property Services as
property manager, and designate Robert C. Warren III as chief
restructuring officer.
The firm's services include:
a. directing the Debtors' restructuring efforts in
consultation with the Debtors' management, counsel, and other
professionals.
b. developing and maintaining cash-flow forecasts and budgets,
and monitoring liquidity, receipts, and disbursements.
c. overseeing compliance with the Cash Collateral Orders,
including budget adherence, variance reporting, and lender
reporting.
d. assisting in the preparation of schedules, statements of
financial affairs, monthly operating reports, and other reporting
required by the Court, the Bankruptcy Local Rules, or the Office of
the United States Trustee.
e. assisting with claims review and reconciliation, and with
the evaluation of executory contracts and unexpired leases.
f. assisting in evaluating strategic alternatives, including a
refinancing, recapitalization, plan of reorganization, or sale of
one or both Properties, and coordinating any related marketing,
due-diligence, and transaction processes.
g. communicating and negotiating with the Debtors' secured
lenders, the Office of the United States Trustee, and other
constituents.
h. overseeing the Debtors' property manager and reviewing its
reporting.
i. providing testimony in these Chapter 11 Cases as required.
Mr. Warren's services as CRO are included within IPS's monthly
property-management fee -- the greater of 3% of income collected or
a monthly minimum of $12,500 for the Parramatta Apartments and
$7,500 for the Town Park Apartments -- at no separate charge.
Additional time that Mr. Warren devotes to litigation, sale, or
other nonproperty-management activities is billed at $350 per
hour.
IPS’s standard 2026 hourly rates are:
CRO services Included in the
(Robert C. Warren III) property-management fee
CRO time for litigation, sale, $350 per hour
or other non-property
management activities
IPS management
supervisory personnel $200 per hour
Senior maintenance
supervisory personnel $175 per hour
Maintenance technicians $75 per hour
Administrative/accounting personnel $90 per hour
Copies; mileage; other expenses $0.10 per page;
IRS reimbursable rate;
actual direct cost
As disclosed in the court filing, R & K Interests, Inc. is a
"disinterested person" within the meaning of 11 U.S.C. Sec.
101(14).
The firm can be reached through:
Robert C. Warren III
R & K Interests, Inc.
d/b/a Investors' Property Services
6300 La Alameda, Suite 240
Mission Viejo, CA 92691
About Falls of Parramatta LP
Falls of Parramatta, LP own and manage two apartment communities.
Falls of Parramatta and Falls of Town Park, LP sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas
Lead Case No. 26-90598) on June 2, 2026. At the time of the filing,
the Debtors reported between $10 million and $50 million in both
assets and liabilities.
Judge Alfredo R. Perez oversees the cases.
Susan Tran Adams, Esq., at Tran Singh, LLP, represents the Debtors
as legal counsel.
FLAMINGO SEPTIC: Gets Extension to Access Cash Collateral
---------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Jacksonville Division entered a fourth interim order authorizing
Flamingo Septic and Utilities, LLC to use cash collateral.
Under the order, the Debtor is permitted to use cash collateral
solely to pay amounts expressly authorized by the court, including
payments to the Subchapter V Trustee, and to cover current and
necessary operating expenses set forth in an approved budget
attached to the order. Any use of cash collateral outside these
parameters is prohibited, and the authorization remains in effect
pending a further hearing.
As adequate protection, cash collateral lenders are granted
perfected post-petition replacement liens on cash collateral, with
the same validity, priority, and extent as their respective
prepetition liens, without the need for additional filings.
The order preserves the rights of the U.S. Trustee to appoint a
creditors' committee and allows any duly appointed committee to
challenge lien validity, priority, or extent.
About Flamingo Septic and Utilities LLC
Flamingo Septic and Utilities, LLC, doing business as Flamingo
Plumbing, provides residential and commercial septic and plumbing
services including tank installation, pumping, inspection, repair,
and pipe or fixture maintenance in Jacksonville, Florida.
Flamingo filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04018) on November 3,
2025, with $1 million to $10 million in assets and liabilities.
Charles Mullis, manager, signed the petition.
Judge Jacob A. Brown presides over the case.
Thomas Adam, Esq., at Adam Law Group, PA represents the Debtor as
bankruptcy counsel.
FLEXSHOPPER INC: Seeks to Extend Plan Exclusivity to Oct. 19
------------------------------------------------------------
FlexShopper, Inc. and its affiliates asked the U.S. Bankruptcy
Court for the District of Delaware to extend their exclusivity
periods to file a plan of reorganization and obtain acceptance
thereof to Oct. 19 and Dec. 21, 2026, respectively.
The Debtors explain that their business structure combined with the
fraud committed by the Debtors' former Chief Executive Officer and
Chief Financial Officer, Harold Russell Heiser, Jr., require the
Debtors to navigate complex issues in their liquidation efforts and
the Plan, including the allocation of sale proceeds and claims and
causes of action among the Debtors, claim classification,
substantive consolidation, and post-effective date governance,
among others.
As the Debtors explained at the June 10 status conference,
meditation will help the parties work through these issues and
hopefully achieve a consensual resolution to avoid costly
litigation and maximize value for the debtors.
The Debtors claim that the Court should extend the Exclusive
Periods in light of their good-faith efforts and progress towards a
consensual resolution of these chapter 11 cases. Shortly after the
closing of the Sale, the Debtors shared a draft of the Plan with
the Committee and agreed to delay filing it for over a month to
allow the Committee to continue its negotiations with Powerscourt.
The Debtors determined that filing the Plan would facilitate
continued negotiations and advance efforts toward a global
resolution that would maximize value for the benefit of all
stakeholders. Since that time, the Debtors have been engaged with
the Committee, Powerscourt and other interested parties to
negotiate a consensual chapter 11 plan to maximize value for the
Debtors' estates and creditors.
The Debtors assert that their ongoing efforts to resolve the
remaining disputes through mediation further demonstrates their
good faith progress in these chapter 11 cases. The Debtors are
actively working with the Committee, Powerscourt, and the other
interested parties to schedule and participate in mediation. These
efforts reflect the Debtors' continued commitment to achieving a
consensual resolution and confirm that extending exclusivity will
facilitate, rather than impede, further progress toward
confirmation of a plan.
The Debtors further assert that given the progress that the
companies have made in these chapter 11 cases, including the filing
of the Plan and reaching a consensus with the objecting parties to
mediate, a 90-day extension of the Exclusive Periods is reasonable.
Granting the requested extension will give the Debtors the
opportunity to negotiate the terms of a consensual Plan, wind down
their estates and close these chapter 11 cases without the
distraction, cost, and delay of a competing plan process.
The Debtors cite that allowing the Exclusive Periods to lapse would
adversely impact the Debtors' efforts to preserve and maximize the
value of their estates and the progress of these chapter 11 cases.
Opening these chapter 11 cases up to a competing plan process would
benefit neither the Debtors nor their estates.
The Debtors note that allowing the Exclusive Periods to lapse would
disrupt the Debtors' efforts to wind down their estates and would
substantially increase the costs of administering these chapter 11
cases to the detriment of the Debtors' creditors. It would further
serve to penalize the Debtors for their efforts to avoid costly
litigation and achieve a value-maximizing resolution of these
chapter 11 cases. The Court should extend the Exclusive Periods to
give the parties the opportunity to mediate.
Counsel to the Debtors:
Robert J. Dehney, Sr., Esq.
Matthew O. Talmo, Esq.
Sophie Rogers Churchill, Esq.
Luke Brzozowski, Esq.
Liam Davis, Esq.
1201 N. Market Street, 16th Floor
Wilmington, Delaware 19801
Telephone: (302) 658-9200
Facsimile: (302) 658-3989
Email: rdehney@morrisnichols.com
mtalmo@morrisnichols.com
srchurchill@morrisnichols.com
lbrzozowski@morrisnichols.com
ldavis@morrisnichols.com
About FlexShopper Inc.
FlexShopper, Inc. provides consumer financing services focused on
lease-to-own and lending products, enabling consumers to obtain
durable goods such as electronics and home furnishings through its
e-commerce marketplace. It operates as an intermediary by approving
consumers through a proprietary underwriting model, purchasing
goods from merchant and other supply partners, and leasing them to
end users, while also offering consumer loan products through
affiliated platforms and third-party arrangements.
FlexShopper and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bank. D. Del., Lead Case No. 25-12254) on
December 22, 2025. The Debtors reported $50 million to $100 million
in estimated assets and $100 million to $500 million in estimated
liabilities. The petitions were signed by Matthew Doheny as chief
restructuring officer.
The Honorable Bankruptcy Judge Laurie Selber Silverstein handles
the cases.
The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as counsel;
Glassratner Advisory & Capital Group, LLC as financial advisor; Two
Roads Advisors LLC as investment banker; and Epiq Corporate
Restructuring LLC as claims and noticing agent.
FLUX POWER: Cleveland Capital Holds 6.8% Equity Stake
-----------------------------------------------------
Cleveland Capital Management, L.L.C. -- together with Cleveland
Capital, L.P., Rocky River Specific Opportunities Fund LLC, Wade
Massad, and John Shiry -- disclosed in a Schedule 13G (Amendment
No. 10) filed with the U.S. Securities and Exchange Commission that
as of June 30, 2026, they beneficially own the following of Flux
Power Holdings, Inc.'s Common Stock, par value $0.001 per share:
* Cleveland Capital Management, L.L.C.: 1,450,736 shares
(6.8%), with shared voting and shared dispositive power.
* Cleveland Capital, L.P.: 1,272,522 shares (6.0%), with
shared voting and shared dispositive power.
* Rocky River Specific Opportunities Fund LLC: 178,214 shares
(0.8%), with shared voting and shared dispositive power.
* Wade Massad: 1,521,809 shares (7.1%), consisting of 71,073
shares with sole voting/dispositive power and 1,450,736 shares with
shared voting/dispositive power.
* John Shiry: 1,500,736 shares (7.0%), consisting of 50,000
shares with sole voting/dispositive power and 1,450,736 shares with
shared voting/dispositive power.
All of the securities reported are directly owned by advisory
clients of Cleveland Capital Management, L.L.C., or its principals.
Each Reporting Person disclaims beneficial ownership of the
reported securities except to the extent of his or its pecuniary
interest therein.
Cleveland Capital may be reached through:
Wade Massad
Cleveland Capital Management, L.L.C.
1250 Linda Street
Suite 304
Rocky River, OH 44116
Tel: 440-333-4925
A full-text copy of Cleveland Capital Management's SEC report is
available at: https://tinyurl.com/4m44zrbb
About Flux Power
Flux Power Holdings, Inc. (FLUX: NASDAQ), through its subsidiary
Flux Power, Inc., designs, develops, and sells rechargeable
lithium-ion energy storage systems for electric forklifts, airport
ground support equipment (GSE), and other industrial motive
applications in the United States. The Company is headquartered in
Vista, California.
As of March 31, 2026, the Company had $25.6 million in total
assets, $21 million in total liabilities, and $4.6 million in total
stockholders' equity.
Irvine, California-based Haskell & White LLP, the Company's auditor
since 2025, issued a "going concern" qualification in its report
dated Sept. 16, 2025, attached to the Company's Annual Report on
Form 10-K for the year ended June 30, 2025, citing that the Company
has recurring losses from operations, an accumulated deficit,
expects to incur losses for the foreseeable future and requires
additional working capital to achieve its operating plans. These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.
FULLER'S SERVICE: Gets OK to Retain Foresight, Use Cash Collateral
------------------------------------------------------------------
N. Neville Reid, the Chapter 11 trustee for Fuller's Service Center
Inc. received approval from the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, for authority to
retain Foresight Reconstruction, Inc. as crash data retrieval
engineers and to use cash collateral and an existing line of credit
to pay the firm's fees.
The court had previously authorized procedures for paying estate
professionals, approved a Cornerstone National Bank & Trust credit
line, and extended the trustee's authority to use cash collateral
and the credit line through Aug. 7.
The Debtor's request to retain Foresight stems from an accident
that occurred on July 1 when an employee driving a customer's 2018
Ford Expedition out of the Debtor's car wash tunnel struck
protective bollards near the tunnel exit. The collision severely
damaged the vehicle, rendering it inoperable, and forced the
temporary closure of the car wash while investigators examine the
incident, inspect the facility's safety features, and await
approval from the Village of Hinsdale before reopening.
The trustee said that analyzing the vehicle's electronic crash data
is essential to determining the cause of the accident and assessing
potential liability and operational issues affecting the bankruptcy
estate. To support that investigation, the Debtor said retention of
the firm. is necessary.
Foresight is a forensic engineering and accident reconstruction
firm specializing in vehicle crash analysis, highway safety, and
black box data retrieval. The firm, led by registered professional
engineer John Goebelbecker, will remove and analyze the
Expedition's event data recorder as part of the trustee's
investigation. Foresight will be paid at hourly rates of $350 for
principal engineers and $125 for technicians, along with an
anticipated equipment fee of about $3,500 for the crash data
extraction kit. Any compensation would remain subject to court
approval under the Bankruptcy Code and previously established
procedures for professional fees.
The trustee said that retaining Foresight satisfies the
requirements of Section 327 of the Bankruptcy Code because the firm
is disinterested, holds no interest adverse to the estate, and has
no disqualifying relationships with the Debtor, creditors, trustee,
or U.S. Trustee.
Mr. Goebelbecker submitted a sworn declaration confirming that
neither he nor Foresight has conflicts of interest or connections
that would impair its independence.
About Fuller's Service Center Inc.
Fuller's Service Center, Inc. operates a car wash and automotive
repair business in Hinsdale, Illinois.
Fuller's Service Center sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-01345) on
January 29, 2025, listing up to $1 million in assets and up to $10
million in liabilities. Douglas A. Fuller Jr., president of
Fuller's Service Center, signed the petition.
Judge Deborah L. Thorne oversees the case.
N. Neville Reid, the Chapter 11 trustee appointed in the Debtor's
case, tapped Fox, Swibel, Levin & Carroll, LLP as general
bankruptcy counsel; Commercial Recovery Associates, LLC as
financial advisor; and Ravinia Capital, LLC as investment banker.
Heartland Bank & Trust Company, as secured creditor, is represented
by Michael A. O'Brien, Esq. at O'Brien Law Offices, P.C.
GAM ZU LATOV: Seeks to Hire K Filing Inc as Accountant
------------------------------------------------------
Gam Zu Latov Inc. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ K Filing Inc. as its
accountant.
The firm will assist with the preparation of Monthly Operating
Reports; the preparation and filing of federal, state, and local
tax returns; bankruptcy-related financial reporting; the
reconciliation and reconstruction of the Debtor's books and
records; the preparation of financial statements and other
financial reporting required by the United States Trustee,
creditors, or this Court; and such other accounting and financial
services as may be necessary for the proper administration of the
estate.
K Filing will be compensated at an hourly rate of $237.50.
As disclosed in the court filing, K Filing is a "disinterested
person" within the meaning of section 101(14) of the Bankruptcy
Code.
The firm can be reached through:
Aron Gancfreid
K Filing Inc.
1063 54th Street
Brooklyn, NY 11219
Phone: (347) 974-5066
About Gam Zu Latov Inc.
Gam Zu Latov Inc. is a corporate entity engaged in business
operations that may include commercial services, investments, or
related activities.
Gam Zu Latov Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-42029) on April 27, 2026. In
its petition, the Debtor reports estimated assets of $0 to $100,000
and estimated liabilities of $1,000,000 to $10,000,000.
The Debtor is represented by Charles Wertman, Esq. of The Law
Offices of Charles Wertman P.C.
GENESIS SPORTS: Hires Giddens Mitchell & Associates as Attorney
---------------------------------------------------------------
Genesis Sports Medicine & Rehabilitation LLC seeks approval from
the U.S. Bankruptcy Court for the Northern District of Georgia to
employ Giddens, Mitchell & Associates, P.C. as attorney.
The firm will provide these services:
a. give the Debtor legal advice with respect to the Debtor's
powers and duties as Debtor in Possession in the continues
management of the Debtor's property;
b. prepare on behalf of the Debtor as Debtor in Possession all
necessary applications, answers, motions, orders, reports, and
other legal papers; and
c. perform all other legal services for the Debtor in
Possession that may be necessary in this case.
The firm will be paid at these rates:
Kenneth Mitchell, Sr. $450 per hour
Bobby L. Giddens $450 per hour
Alyceson Sadler $75 per hour
Alicia Dennis $75 per hour
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Mitchell, Sr. disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Kenneth Mitchell, Sr.
Giddens, Mitchell & Associates, P.C.
3951 Snapfinger Parkway Suite 555
Decatur, GA 30035
Tel: (770) 987-7007
About Genesis Sports Medicine & Rehabilitation LLC
Genesis Sports Medicine & Rehabilitation LLC, filed a Chapter 11
bankruptcy petition (Bankr. N.D. Ga. Case No. 26-59163) on July 15,
2026.
The Debtor hires Giddens, Mitchell & Associates, P.C. as attorney.
GLOBAL MIDSOUTH: Has Until August 7 to File Bankruptcy Documents
----------------------------------------------------------------
Judge Jason D. Woodard of the U.S. Bankruptcy Court for the
Northern District of Mississippi granted the Global Midsouth
Corp.'s motion for extension of time within which to file required
documents in its bankruptcy case.
The Debtor must file its Summary of Assets and Liabilities,
Schedules A-H, Statement of Financial Affairs and List of 20
Largest Unsecured Creditors in this Chapter 11 case on or before
Aug. 7.
About Global Midsouth Corp.
Global Midsouth Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-12453) on July 10,
2026.
At the time of the filing, the Debtor had estimated assets of
between $1,000,001 and $10 million and estimated liabilities of
between $1,000,001 and $10 million.
The Law Offices of Geno and Steiskal, PLLC is the Debtor's legal
counsel.
GOLDENPEAKS POLAND: Comm. Taps Province LLC as Financial Advisor
----------------------------------------------------------------
The official committee of unsecured creditors of Goldenpeaks Poland
Holand Limited and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire
Province, LLC as its financial advisor.
The firm's services include:
(a) becoming familiar with and analyzing the Debtors' DIP/Cash
Collateral budget, assets and liabilities, and overall financial
condition;
(b) reviewing financial and operational information furnished
by the Debtors;
(c) monitoring the sale process, interfacing with the Debtors'
professionals, and advising the Committee regarding the process;
(d) scrutinizing the economic terms of various agreements,
including, but not limited to, various professional retentions;
(e) analyzing the Debtors' proposed business plans and
developing alternative scenarios, if necessary;
(f) assessing the Debtors' various pleadings and proposed
treatment of unsecured creditor claims therefrom;
(g) preparing, or reviewing as applicable, avoidance action
and claim analyses;
(h) assisting the Committee in reviewing the Debtors'
financial reports, including, but not limited to, statements of
financial affairs, schedules of assets and liabilities, DIP/Cash
Collateral budgets, and monthly operating reports;
(i) advising the Committee on the current state of these
Chapter 11 Cases;
(j) advising the Committee in negotiations with the Debtors
and third parties as necessary;
(k) if necessary, participating as a witness in hearings
before the Court with respect to matters upon which Province has
provided advice; and
(l) other activities as are approved by the Committee, the
Committee's counsel, and as agreed to by Province.
Province's current standard hourly rates are:
Managing Directors and Partners $900 to $1,600
Vice Presidents, Directors, and
Senior Directors $700 to $1,050
Analysts, Associates, and
Senior Associates $370 to $750
Paraprofessional/Admin /Interns $270 to $380
Paul Navid, a partner of Province, assured the court that the firm
is a "disinterested person" as that phrase is defined in section
101(14) of the Bankruptcy Code.
The firm can be reached through:
Paul Navid
Province LLC
2360 Corporate Circle, Suite 340
Henderson, NV 89074
Phone: (702) 685-5555
About GoldenPeaks Poland Holding Ltd
GoldenPeaks Poland Holding, Ltd is a renewable energy group
headquartered in Pieta, Malta. The company owns, builds, and
optimizes renewable energy projects, producing power through
arrangements including government and corporate power purchase
agreements. Its activities include project development,
engineering, construction, operations and maintenance, Green Credit
trading, and support services for renewable energy operations. The
group operates a renewable energy platform in Eastern Europe,
including utility-scale solar photovoltaic assets in Poland, and is
developing energy storage systems to supplement its existing
assets.
GoldenPeaks and its affiliates sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
26-90564) on May 29, 2026. In the petition signed by Jame Donath,
non-executive director, GoldenPeaks reported assets of between $1
billion and $10 billion and liabilities of between $500 million and
$1 billion.
disclosed up to $10 billion in both assets and liabilities.
Judge Alfredo R. Perez oversees the cases.
The Debtors tapped Pachulski Stang Ziehl & Jones, LLP as bankruptcy
counsel and Kroll Restructuring Administration, LLC as claims,
noticing, and solicitation agent.
GOLDENPEAKS POLAND: Committee Taps Womble Bond Dickinson as Counsel
-------------------------------------------------------------------
The official committee of unsecured creditors of Goldenpeaks Poland
Holand Limited and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Womble
Bond Dickinson (US) LLP as counsel.
The firm's services include:
a. providing legal advice as necessary with respect to the
Committee's powers and duties as an official committee appointed
under Bankruptcy Code section 1102;
b. assisting the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtors, the
operation of the Debtors' businesses, potential claims, and any
other matters relevant to these cases, to the sale of assets, or to
the formulation of a plan of reorganization or liquidation;
c. participating in the formulation of a Plan;
d. providing legal advice as necessary with respect to any
disclosure statement and Plan filed in these Chapter 11 Cases and
with respect to the process for approving or disapproving
disclosure statements and confirming or denying confirmation of a
Plan;
e. preparing on behalf of the Committee, as necessary,
applications, motions, objections, complaints, answers, orders,
agreements, and other legal papers;
f. appearing in Court to present necessary motions,
applications, objections, and pleadings, and otherwise protecting
the interests of those represented by the Committee;
g. assisting the Committee in requesting the appointment of a
trustee or examiner, should such action be necessary; and
h. performing such other legal services as may be required and
as are in the best interests of the Committee and creditors.
The firm's current hourly rates are:
Partners $450 to $1,950
Of Counsel $535 to $1,100
Senior Counsel $185 to $1,075
Counsel $185 to $930
Associates $325 to $865
Paralegals $115 to $650
Consistent with the Appendix B Guidelines, which became effective
on Nov. 1, 2013, WBD state as follows:
(a) WBD did not agree to a variation of its standard and
customary billing arrangements for the engagement;
(b) WBD's professionals included in the engagement have not
varied their rates based on the geographic location of these
Chapter 11 Cases;
(c) WBD did not represent the Committee prior to the Petition
Date;
(d) As Committee counsel, WBD anticipates that the Committee's
professional fees will be initially governed by the budget approved
in these Chapter 11 Cases. The Committee and its professionals
reserve all rights to seek approval of all Committee professional
fees;
(e) WBD does not represent any other entity having an adverse
interest in connection with these Chapter 11 Cases;
(f) If WBD discovers any connection with any interested party
or enters into any new relationship with any interested party, the
firm will promptly supplement its disclosure to the Court.
Wojciech F. Jung, Esq., a partner of Womble Bond Dickinson (US)
LLP, assured the court that his firm is a "disinterested person"
within the meaning of 11 U.S.C. Sec. 101(14).
The firm can be reached through:
Wojciech F. Jung, Esq.
Womble Bond Dickinson (US) LLP
888 Seventh Avenue, 38th Floor
New York, NY, US 10106
Tel: (332) 258-8475
Email: wojciech.jung@wbd-us.com
About GoldenPeaks Poland Holding Ltd
GoldenPeaks Poland Holding, Ltd is a renewable energy group
headquartered in Pieta, Malta. The company owns, builds, and
optimizes renewable energy projects, producing power through
arrangements including government and corporate power purchase
agreements. Its activities include project development,
engineering, construction, operations and maintenance, Green Credit
trading, and support services for renewable energy operations. The
group operates a renewable energy platform in Eastern Europe,
including utility-scale solar photovoltaic assets in Poland, and is
developing energy storage systems to supplement its existing
assets.
GoldenPeaks and its affiliates sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
26-90564) on May 29, 2026. In the petition signed by Jame Donath,
non-executive director, GoldenPeaks reported assets of between $1
billion and $10 billion and liabilities of between $500 million and
$1 billion.
disclosed up to $10 billion in both assets and liabilities.
Judge Alfredo R. Perez oversees the cases.
The Debtors tapped Pachulski Stang Ziehl & Jones, LLP as bankruptcy
counsel and Kroll Restructuring Administration, LLC as claims,
noticing, and solicitation agent.
GOVASSIST LLC: Hires Juan C. Bigas Valedon Law Office as Counsel
----------------------------------------------------------------
GovAssist LLC seeks approval from the U.S. Bankruptcy Court for the
District of Puerto Rico to employ Juan C. Bigas Valedon of Juan C.
Bigas Valedon Law Office to serve as legal counsel.
Mr. Bigas Valedon will provide these services:
(a) represent the Debtor in this bankruptcy proceedings; and
(b) perform work performed or to be performed by Juan C. Bigas
Valedon, Esq., upon application(s) and approval of the Court.
Mr. Bigas Valedon will receive a retainer in the amount of $20,000,
and will bill on the basis of $350 per hour, plus expenses, for
work performed or to be performed, subject to Court approval.
Juan C. Bigas Valedon and his law firm is a "disinterested
attorney" as defined in 11 U.S.C. Sec. 101(14), according to court
filings.
The firm can be reached at:
Juan C. Bigas Valedon, Esq.
Juan C. Bigas Valedon Law Office
Urbanizacion Santa Maria
515 Ferrociarril Street
Ponce, PR00732
P.O. Box 7011
Ponce, PR 00732-7011
Telephone: (787) 259-1000
Facsimile: (787) 842-4090
E-mail: cortequiebra@yahoo.com
About GovAssist LLC
GovAssist LLC provides online visa, passport, immigration and
travel-document assistance services from its leased office at Metro
Office Park in Guaynabo, Puerto Rico.
GovAssist LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 26-03377) on July 22, 2026, with $1,052,987 in
total assets and $15,870,949 in total liabilities. The petition was
signed by Scott Jason Zuckerman as president.
The Debtor hires Juan C. Bigas Valedon Law Office as counsel.
GRIT PRODUCTIONS: Gets Extension to Access Cash Collateral
----------------------------------------------------------
Grit Productions, LLC and its affiliates received fifth interim
approval from the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division, to use cash collateral.
The Debtors intend to use cash collateral strictly in accordance
with their budget from June 20 through September 25, to pay
expenses, preserve equipment and inventory, collect receivables,
maintain vendor and customer confidence, and fund administrative
costs.
The Debtors must not exceed any individual budget line item or the
total budget by more than 10% without written consent from
PlainsCapital Bank or a further court order.
To protect PlainsCapital Bank and other secured creditors, the
court granted them replacement liens on post-petition accounts
receivable and inventory, along with a superpriority administrative
expense claim under section 507(b) of the Bankruptcy Code.
The order also imposes detailed reporting obligations, requiring
regular delivery of bank statements, asset information, and
accounts receivable reports to the secured lender and the
creditors' committee.
The interim order includes a carveout ensuring payment of U.S.
Trustee fees and court-approved professional fees ahead of secured
lenders' replacement liens.
Events of default under the interim order include budget violations
and conversion of the Debtor's Chapter 11 case to one under Chapter
7 while generally allowing a seven-day cure period after notice.
A final hearing is scheduled for September 23, with objections due
by September 18.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/4q6NH from PacerMonitor.com.
PlainsCapital Bank, as secured lender, is represented by:
Matthew T. Taplett, Esq.
Pope, Hardwicke, Christie, Schell, Kelly & Taplett, L.L.P.
500 W. 7th Street, Suite 600
Fort Worth, TX 76102
Telephone: (817) 332-3245
Facsimile: (817) 877-4781
mtaplett@popehardwicke.com
About Grit Productions LLC
Grit Productions, LLC, Grit Expositions, LLC, Grit Transportation
Services, LLC, and Grit Holding Company, LLC operate as an
integrated group providing event-industry services that include
general services contracting, event production, video production,
content development, studio services, logistics support, and event
freight transportation. The companies offer single-source solutions
for live events, meetings, and expositions across their production,
planning, and transportation segments. They also engage in
community-focused initiatives related to industry development,
sustainability, and local outreach.
Grit Productions and its affiliates sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No.
25-44447) on November 13, 2025. At the time of the filing, Grit
Productions listed between $1 million and $10 million in assets and
between $10 million and $50 million in liabilities.
Judge Mark X. Mullin oversees the cases.
The Debtors tapped Bryan C. Assink, Esq., at Bonds Ellis Eppich
Schafer Jones, LLP, as bankruptcy counsel; Kent Davis as special
corporate counsel; and Milbern Ray and Company, LLP as accountant.
The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Thompson Coburn, LLP.
HARTFORD CREATIVE: Names Kewei Huang Co-Chief Executive Officer
---------------------------------------------------------------
Hartford Creative Group, Inc. said in a regulatory filing with the
Securities and Exchange Commission that the Board of Directors
appointed Mr. Kewei Huang as Co-Chief Executive Officer, effective
July 22, 2026.
Mr. Kewei Huang (also known as Kw Ng) possesses a unique suite of
skills, specialized expertise, and professional experience that
closely match the operational requirements and strategic direction
of the Company and the Board has determined that appointing an
additional executive leader to serve alongside the existing Chief
Executive Officer, Mr. Sheng-Yih Chang, will enhance executive
oversight, drive innovation, and serve the best interests of the
Company and its shareholders.
Mr. Huang, 61, is a highly accomplished Chief Technology Officer
(CTO) with over 20 years of experience in spearheading cutting-edge
technological solutions in AI, big data, and software engineering.
He has a proven track record of leading visionary teams to drive
transformative results for organizations at the forefront of
technology. With deep expertise in capital markets, fundraising,
and guiding companies through the public listing process, He brings
a unique blend of technical prowess and strategic business acumen.
Throughout his career, he has earned multiple industry accolades,
including being recognized as a Big Data Specialist by the China
Center for Information Industry Development. His innovations, such
as Moxian Social and Moxian Biz, have set benchmarks in social
media solutions. His first startup was distinguished as the 'Best
Services Oriented Architecture' consulting firm and was acquired by
Pactera Inc., a NASDAQ-listed company. He holds a Ph.D. in
Component-Based/Object Technology from the University of New South
Wales, Australia, and has consistently demonstrated his ability to
align technology with business objectives, delivering scalable and
secure software applications. He has also successfully developed
the most successful "Cloud Service Offering" for secured financial
institutions, recognized by Gartner as an industry leader.
There is no arrangement or understanding between Mr. Huang and any
other persons pursuant to which Mr. Huang was selected as an
officer.
The Company stated that there was no family relationships between
Mr. Huang and any director, executive officer or person nominated
or chosen by the Company to become a director or executive officer
of the Company within the meaning of Item 401(d) of Regulation S-K
under the U.S. Securities Act of 1933.
About Hartford Creative Group
Hartford Creative Group, Inc. provides advertisement placement
services in China and is engaged in the design, creation, and
placement of video advertisements for major social media platforms.
The Company primarily engages in social media advertising on
mainstream platforms such as TikTok, Toutiao, Kwai, RED, and
WeChat.
Simon & Edward, LLP, the Company's auditor since 2019, issued a
"going concern" qualification in its report dated Oct. 15, 2025,
attached to the Company's Annual Report on Form 10-K for the year
ended July 31, 2025, citing the Company has suffered recurring
negative working capitals and accumulated deficits that raise
substantial doubt about its ability to continue as a going
concern.
As of March 31, 2026, the Company had $4.18 million in total
assets, $3.24 million in total liabilities, and $934,693 in total
stockholders' equity.
HEALTHY EXTRACTS: Raises $225K Through Convertible Note Financing
-----------------------------------------------------------------
Healthy Extracts Inc. said in a regulatory filing with the
Securities and Exchange Commission that, on July 17, 2026, it
entered into a Securities Purchase Agreement with LABRYS FUND II,
L.P., pursuant to which it issued a convertible promissory note
with a principal amount of $258,750.
The Note has an original issue discount of $33,750, a maturity date
of one year, and bears interest at the rate of 10% per annum earned
in full in advance. The Company received a net amount of $225,000,
minus expenses, upon issuance of the Note.
The Note may not be prepaid without the Holder's consent.
The Note is convertible after 180 days at a conversion price of the
lesser of:
(i) $2.00 per share, or
(ii) 75% of the lowest closing bid price of the Company's
common stock during the 15 trading days immediately preceding the
conversion date.
The Company is required to make monthly amortization payments of
principal and interest in the amount of $36,964.28 beginning
January 18, 2027, and continuing for six months thereafter, unless
some or all of the Note has been converted into the Company's
common stock.
About Healthy Extracts
Headquartered in Henderson, Nev., Healthy Extracts Inc. --
www.healthyextractsinc.com -- is a platform for acquiring,
developing, patenting, marketing, and distributing plant-based
nutraceuticals. The Company's proprietary and patented products
target select high-growth categories within the multibillion-dollar
nutraceuticals market, such as heart, brain, and immune health.
As of March 31, 2026, the Company had $27.32 million in total
assets, $3.34 million in total current and total liabilities, and
$23.98 million in total stockholders' equity.
Las Vegas, Nevada-based Bush & Associates CPA LLC, the Company's
auditor since 2024, issued a "going concern" qualification in its
report dated April 8, 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 has a
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.
HIGH STREET: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
High Street Hotel Group, LLC received interim approval from the
U.S. Bankruptcy Court for the Southern District of Mississippi to
use cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral through August 19 to pay operating expenses based on a
court-approved budget.
The Debtor is specifically authorized to use $21,439.93 in cash
collateral for payroll and related taxes, withholdings and
processing charges, and employee-benefit obligations for the
payroll period of July 1 to 15.
The Debtor identified several creditors claiming interests in the
cash collateral, including RSS BBCMS2017-C1 - MS HSH, LLC, which
became the assignee of the mortgage lender's security interest in
February 2026. Other creditors are Wilmington Trust, N.A., Rialto
Capital Advisors, LLC, Rialto Mortgage Finance, LLC, and the U.S.
Small Business Administration. The Mississippi Department of
Revenue may also assert statutory tax liens.
As adequate protection, RSS will be granted a replacement lien on
post-petition cash collateral and proceeds of the same type and
with the same validity, priority, and extent as its pre-petition
lien.
The lender will also receive monthly payments of $33,516.35 until
confirmation of a Chapter 11 plan, dismissal of the Debtor's
bankruptcy case, or further court order.
Under the interim order, RSS and its servicers and agents are
required to release to High Street Hotel Group's debtor-in
possession account all funds held in the cash-management account,
which account has an estimated balance of $367,393.55, less
$33,516.35 to be applied as the first adequate protection payment.
Accordingly, the estimated net amount to be transferred to the
Debtor is $333,877.20.
The order is available at
http://bankrupt.com/misc/HighStreetHotelGroup_CCOrder29.pdf
The final hearing is scheduled for August 19.
Before the bankruptcy filing, the Debtor's hotel revenues from
guest room charges, credit-card settlements, online travel
agencies, merchant processors, clearing accounts, reserve accounts,
and cash-management accounts flowed through systems controlled
directly or indirectly by the mortgage lender parties and their
agents. The Debtor alleged these parties intercepted, swept,
withheld, or otherwise controlled hotel revenues, releasing funds
only through a discretionary process. As a result, the hotel
experienced delayed payments to vendors, deferred maintenance,
shortages of operating supplies, threatened cancellation of
insurance coverage, payroll disruptions, and unpaid sales and
occupancy taxes. The Mississippi Department of Revenue was informed
that collected taxes had been deposited into lender-controlled
accounts but were not released for payment, ultimately resulting in
a reported tax lien.
About High Street Hotel Group LLC
High Street Hotel Group, LLC is a Jackson, Mississippi-based hotel
operator that owns and operates the Holiday Inn Express & Suites
Jackson Downtown-Coliseum. The company also maintains a significant
student housing agreement with Jackson State University for the
2025-2026 academic year, providing 106 hotel rooms under a contract
valued at approximately $2 million. The Chapter 11 filing follows
ongoing financial challenges and comes after a March 2026 court
ruling partially denied a motion to dismiss litigation
involving historical allegations related to the property.
High Street Hotel Group, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-01916) on July 15, 2026.
In its petition, the debtor reported estimated assets of $1 million
to $10 million and estimated liabilities of $1 million to $10
million.
Honorable Jamie A. Wilson handles the case.
The Debtor is represented by Thomas Carl Rollins Jr., Esq., of The
Rollins Law Firm, PLLC.
HIGHLAND SPRINGS: Hires Gabriel Realty Group Inc. as Broker
-----------------------------------------------------------
Highland Springs #2, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Gabriel
Realty Group, Inc. as broker.
The broker will market and lease the remaining 50% of the Debtor's
property located at 264 Highland Springs Ave., Bld. 4, Banning,
California 92220.
The broker has agreed to a flat fee commission of $2,000 for Space
1 and $1,500 for Space 2.
As disclosed in the court filing, Gabriel Realty Group, Inc. is a
disinterested person as that term is defined in Bankruptcy Code
Sec. 101(14).
The firm can be reached through:
Hani W. Gabriel
Gabriel Realty Group, Inc.
1911 S. Commercenter East, Ste. 201
San Bernardino, CA 92408
Tel: (951) 545-0250
Email: info@grg1.net
About Highland Springs #2, LLC
Highland Springs #2, LLC is a real estate holding and property
management entity involved in the ownership and operation of
commercial or residential assets.
Highland Springs #2, LLC sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No.
26-13050) on April 20, 2026. In its petition, the Debtor reports
estimated assets of $1 million to $10 million and estimated
liabilities of $1 million to $10 million.
Honorable Bankruptcy Judge Scott H. Yun handles the case.
The Debtor is represented by Tamar Terzian, Esq. of Terzian Law
Group, APC.
HMH CO: S&P Downgrades ICR to 'CCC+', Outlook Negative
------------------------------------------------------
S&P Global Ratings lowered all its ratings on K-12 educational
publishing and learning solutions provider HMH Co. to 'CCC+' from
'B-'.
The negative outlook reflects the potential for another downgrade
over the next 12 months if the company fails to repay or extend its
revolver in the coming months, or if it executes a below-par debt
buyback or restructuring.
Despite industry expectations that demand will strengthen in U.S.
K-12 educational publishing and learning solutions provider HMH
Co.'s markets in 2026 and 2027, the company faces heightened
liquidity and refinancing risks, and we expect its credit metrics
to remain weak.
S&P said, "We anticipate HMH's leverage will remain above 7x, with
negative free cash flow and weak interest-coverage metrics, which
we view as unsustainable.
"We consider HMH's liquidity to be weak and its capital structure
unsustainable. The company's $250 million revolving credit facility
(RCF) matures in April 2027, and although HMH--along with its
sponsor, Veritas--is actively working on a revolver extension, this
hasn't yet happened. As a result, in our liquidity assessment, we
no longer consider the RCF as a source of liquidity for the next 12
months.
"As of March 31, 2026, the company had $94 million drawn under its
revolving credit facility maturing in April 2027. Furthermore, we
believe the revolver draw has increased in the subsequent months
due to seasonal working-capital needs. While we anticipate the
company is likely to largely repay the amount drawn in the coming
months, in line with its typical seasonal working-capital patterns,
the lack of a revolver maturity extension and its minimal cash
balance leave HMH vulnerable to market conditions to meet its
financial obligations.
"In addition, the majority of the company's debt is coming due in
the next three years, with a $375 million first-lien term loan due
in 2028 and a $1.4 billion first-lien term loan due in 2029. We
believe HMH could face difficulties refinancing its debt given
challenging performance trends, and we believe there is a
heightened risk of a below-par debt transaction given the company's
weak debt trading levels.
"HMH underperformed our expectations in 2025, and its credit
metrics deteriorated. While fiscal 2025 (year ended Dec. 31) was
expected to be weak due to a lighter adoption schedule, HMH's
revenue decline was steeper than anticipated (15% versus 11% in our
forecasts). We believe macroeconomic uncertainty and the
rolling-off of the Elementary and Secondary School Emergency Relief
funds (which we believe lifted sales of supplemental products
post-COVID-19) contributed to the weaker-than-expected demand.
EBITDA margins also contracted due to low operating leverage and
restructuring costs related to cost-savings initiatives. As result,
S&P Global Ratings-adjusted leverage spiked above 9x at the end of
2025, and EBITDA interest coverage was thin at 0.9x.
"We forecast credit metrics will remain weak this year despite
revenue and EBITDA expanding due to a stronger adoption schedule.
We anticipate revenue will increase in the mid-single-digit
percentages in 2026 and 2027 due to stronger adoption schedules
compared with 2025. We project S&P Global Ratings-adjusted EBITDA
margins will expand to 23%-25% over the next two years, primarily
driven by better operating leverage, a favorable product mix led by
digital improvements, lower restructuring costs, and the benefit of
realized cost savings. Nevertheless, we expect S&P adjusted EBITDA
to be insufficient to cover high interest expenses of about $250
million per year and capex (excluding product development expenses)
of $60 million per year, with leverage remaining at about 8x on
average over the next two years."
HMH has a narrow product focus. The company is exposed to cyclical
state and local government spending as well as a curriculum
adoption market that can fluctuate considerably from year to year.
Slowing birth rates nationwide are also negatively affecting
student enrollment, though school districts are increasing their
spending per student, supporting demand growth for educational
materials. HMH has a very small international presence and no
exposure to the higher education market. Its leading position
within the U.S. K-12 digital and print educational-publishing
markets partially offsets these factors. In addition, its business
transformation is ongoing, including shifting its billings to
digital from print and growing annual subscription and connected
revenues through student assessment, intervention, and supplemental
products, which have more stable profitability than its core
educational business.
The negative outlook reflects the increased liquidity and
refinancing pressure on HMH's capital structure, following
weaker-than-expected operating performance in 2025, and heightened
risks of debt restructuring given weak debt trading levels.
S&P could take a negative rating action if:
-- HMH fails to repay or refinance its revolving credit facility
in the coming months; or
-- S&P expects a payment default or distressed debt transaction.
S&P said, "We could take a positive rating action on HMH if its
operating performance improves beyond our expectations such that
the company generates positive cash flow, leverage meaningfully
improves, and it sustains EBITDA interest coverage above 1.5x. In
this scenario, we would also expect the company's standing in
credit markets to materially improve and would need to be confident
it could refinance its debt maturities at par."
HOMETOWN HOSPITALITY: Hires Bruner Wright P.A. as Counsel
---------------------------------------------------------
Hometown Hospitality LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Florida to employ Bruner Wright,
P.A. as counsel.
The firm will provide these services:
(a) represent the Debtor 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 Debtor 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 per hour
Byron Wright III $450 per hour
Samantha Kelley $425 per hour
John Van Hise $425 per hour
Paralegal $200 per hour
The firm received from the Debtor a retainer of $16,738.
Mr. Wright 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 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 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.
INDEPENDENT MEDEQUIP: Claims to be Paid from Continued Operations
-----------------------------------------------------------------
Independent MedEquip, LLC, and affiliates filed with the U.S.
Bankruptcy Court for the Northern District of Alabama a Disclosure
Statement describing Joint Plan of Reorganization dated July 15,
2026.
iMedEquip was founded in 2013 with the acquisition of an existing
DME business located in Birmingham, Alabama. From 2013 through
2017, iMedEquip operated as a single entity out of its real estate
headquarters, which was owned by affiliates Independent Offices.
Although IMED technically consists of eleven different entities
spread across seven states, it has effectively operated as a single
company since its inception. Intercompany transfers have been and
are routine and IMED has maintained a single general ledger and
operating budget.
Independent MedEquip is the holding company of the IMED
conglomeration of entities. iMedEquip is IMED's primary operational
subsidiary and it operates a durable medical equipment ("DME")
business that rents and sells medical-related equipment to
patients, and the company is typically paid by third-party
insurance carriers, Medicare, Medicaid, and patient payments.
The Debtor continues to operate its business and manage its
property as debtor in possession pursuant to Sections 1107(a) and
1108 of the Bankruptcy Code. The Debtor's cash position has
improved over the course of the Chapter 11 case as it has worked
out adequate protection agreements with certain creditors. The
Debtor is current in payments to employees, taxing authorities,
insurance providers, the Bankruptcy Administrator, and to Lenders
with adequate protection orders.
The Debtors scheduled General Unsecured Claims in the amount of
$20,896,027.40. To date, there are General Unsecured Claims filed
in the aggregate amount of $6,671,460.86 filed against the
Debtors.
Class 21 consists of all Unsecured Claims not otherwise classified
in the Plan. Under the Plan, Holders of Allowed Class 21 Claims
shall be paid their pro-rata share of 30% the Debtor's Net
Disposable Income for the lesser of (1) receiving these Net
Disposable Income amount for five years; or receiving 100% of their
claim during the next five years.
The Debtor will make annual payments to Class 21 Allowed Claims
beginning one year from the effective date and will continue on the
sale date each year thereafter for a total of five payments over
five years. This Class is impaired.
Class 22 consists of all Equity Interests held by the Holders of
Membership Interests. Class 22 is unimpaired by the Plan. The
Holder of Class 22 Equity Interests are conclusively presumed to
have accepted the Plan and are not entitled to vote to accept or
reject the Plan.
On the effective date, the pre-petition equity interests shall be
deemed cancelled and extinguished. Thereafter, the holders of
Equity Interests shall receive equity in the same percentages in
the Reorganized Debtors in consideration for (a) the contribution
of $100,000.00 by Lonnie Dorcey; and (b) their postpetition
contribution and continued contribution to the operations of the
Reorganized Debtor and assistance to the Reorganized Debtor in
obtaining any additional and necessary financing for the continued
operations of the Reorganized Debtor (collectively, the "New Value
Contribution").
The Plan provides for the continued operation of the Debtor as the
Reorganized Debtor. The Plan provides for Cash payments to Holders
of Allowed Claims, except Holders of Equity Interests.
A full-text copy of the Disclosure Statement dated July 15, 2026 is
available at https://urlcurt.com/u?l=LOI23G from PacerMonitor.com
at no charge.
Counsel to the Debtors:
Stuart H. Memory, Esq.
Memory Memory & Causby, LLP
Post Office Box 4054
Montgomery, AL 36103-4054
Telephone: (334) 834-8000
Facsimile: (334) 834-8001
E-mail: smemory@memorylegal.com
About Independent MedEquip LLC
Independent MedEquip, LLC, a company in Birmingham, Ala., provides
durable medical equipment such as oxygen tanks, CPAP machines,
mobility aids, and other home-use medical devices.
Independent MedEquip and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Lead Case
No. 25-02821) on Sept. 18, 2025. At the time of the filing,
Independent MedEquip disclosed up to $50,000 in assets and up to
$500,000 in liabilities.
Judge Tamara O'Mitchell oversees the cases.
Stuart Memory, Esq., at Memory Memory and Causby LLP, is the
Debtor's legal counsel.
Jackson Investment Group, LLC, the Debtors' DIP lender, may be
reached through Richard L. Jackson, CEO.
Cadence Bank, a prepetition secured creditor, may be reached
through C. Ellis Brazeal III, Esq., at Jones Walker, LLP, in
Birmingham, Alabama.
J KRUSE INVESTMENTS: Plan Confirmation Hearing Set for Sept. 9
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Missouri will
hold a hearing on Sept. 9, 2026 at 1:30 PM before the Honorable
Brian T. Fenimore to confirm the Amended Subchapter V Plan of J
Kruse Investments, LLC.
August 24, 2026 is the deadline for:
* Filing with the court objections to plan confirmation; and
* Submitting to counsel for the plan proponent ballots
accepting or rejecting the plan.
August 24, 2026 is the date on 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 accept or reject
the plan.
August 26, 2026 at noon is the deadline for the debtor to file a
ballot summary.
As shared by the Troubled Company Reporter, the Plan Proponent's
financial projections show that the Debtor will have projected
disposable income of approximately $1,390,116 over the 60-month
plan term, after deducting all operating expenses and the Debtor's
reasonable compensation. Total creditor payments required under
this Plan are $513,937, resulting in a projected surplus of
approximately $877,179, demonstrating the Debtor's ability to fund
all Plan payments from ongoing operations. The final Plan payment
is expected on or before the date that is 60 months after the
effective date.
This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow generated by the ongoing operation of the Debtor's
five Subway franchise restaurant locations.
Class 4 consists of all non-priority unsecured claims allowed under
Section 502 of the Code, excluding the Simmons Bank deficiency
(Class 4A).
Class 4 is impaired. All holders of allowed non-priority unsecured
claims (estimated $77,658.06, including FPL's $15,608 unsecured
deficiency) shall receive fixed pro-rata monthly payments equal to
the total allowed Class 4 claims divided by 60 months, currently
estimated at $1,294.30 per month based on estimated allowed claims
of $77,658.06, subject to increase if FPL is found entirely
unsecured and subject to adjustment upon final determination of
disputed claims. This payment is fixed and does not vary by
season.
Class 4A consists of Simmons Bank Deficiency Claim. The deficiency
claim of Simmons Bank of $303,435.88, representing the difference
between the proposed allowed claim of $408,053.15 and the Section
506(a) secured value of $104,617.27. Simmons Bank has elected
treatment under Section 1111(b)(2) of the Bankruptcy Code,
requiring the Plan to provide deferred cash payments totaling at
least the full allowed claim amount in nominal dollars. As a result
of that election, Simmons Bank has waived its right to assert this
deficiency as a true unsecured claim and the Class 4A deficiency is
paid as a nominally secured obligation at 0% interest in fixed
monthly installments of $4,616.49 over 60 months. No interest
accrues on the Class 4A amount.
Class 5 consists of Equity Interests of the Debtor. The equity
interests of Jason E. Kruse, sole member and 100% owner of J. Kruse
Investments, LLC. Jason E. Kruse shall retain his equity interest
under this Plan. No distributions shall be made to equity interest
holders until all Plan payments to creditor classes have been made
in full.
This Plan shall be funded exclusively from cash flow generated by
the ongoing operation of the Debtor's five Subway franchise
restaurant locations. The financial projections demonstrate the
Debtor's ability to fund all Plan payments from operations.
A full-text copy of the Amended Plan dated June 25, 2026 is
available at https://urlcurt.com/u?l=zYVCE1 from PacerMonitor.com
at no charge.
Counsel to the Debtor:
James M. Poe, Esq.
Poe Law, LLC
3804 S. Fremont Avenue
Springfield, MO 65804
Tel: (417) 887-1807
Fax: (417) 429-2142
Email: jamespoe@poe-law.com
A copy of the Court's Order dated July 15, 2026, is available at
https://urlcurt.com/u?l=PyjgcU from PacerMonitor.com.
About J Kruse Investments
J Kruse Investments, LLC, is a Missouri Limited Liability Company
with its principal place of business located at 3860 W. Chestnut
Expressway, Springfield, Missouri 65802.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60861) on Dec. 17,
2025, with $50,001 to $100,000 in assets and $500,001 to $1 million
in liabilities.
Judge Brian T. Fenimore presides over the case.
James B. James, at JB James Law Firm, P.C., is the Debtor's
bankruptcy counsel.
J-CM SERVICES: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: J-CM Services, Inc.
7861c Tudor Ln
Argyle, TX 76226-4325
Business Description: J-CM Services provides ground-up
conventional construction and pre-engineered metal building
solutions for developers, industrial users, franchise operators,
agricultural clients, and repeat facility programs across Texas
and California. Based in Argyle, Texas, the company serves
projects in the automotive, industrial, office, public
transportation, retail, sports, performing arts, residential,
and hospitality sectors. J-CM Services manages project decisions
and deliverables throughout the development process to support
consistent scheduling, budget control, and resource management.
Chapter 11 Petition Date: July 16, 2026
Court: United States Bankruptcy Court
Eastern District of Texas
Case No.: 26-42427
Debtor's Counsel: Robert C. Lane, Esq.
THE LANE LAW FIRM
6200 Savoy Dr Ste 1150
Houston TX 77036-3369
Tel: (713) 595-8200
Fax: (713) 595-8201
E-mail: notifications@lanelaw.com
Total Assets: $381,188
Total Liabilities: $2,727,687
The petition was signed by Randy Spivey as executive director.
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/4THRYPQ/J-CM_Services_Inc__txebke-26-42427__0001.0.pdf?mcid=tGE4TAMA
J-CM SERVICES: Gets Interim OK to Use Cash Collateral
-----------------------------------------------------
J-CM Services, Inc. received interim approval from the U.S.
Bankruptcy Court for the Eastern District of Texas, Sherman
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.
The Debtor may use its cash collateral to pay up to 110% of each
individual expense so long as the total spending during the month
does not exceed 10% of the total budget.
As of the petition date, the Debtor reported holding $6,000 in cash
and approximately $222,932 in collectible accounts receivable, for
total available cash and receivables of $228,932.
Several creditors assert security interests based on Uniform
Commercial Code filings in Texas and California. A Texas UCC search
identified Retail Capital LLC, doing business as Credibly, which
filed a blanket lien in October 2024. California UCC filings
revealed security interests claimed by CIT Bank, First Citizens
Bank, OnDeck, and Forward Financing.
Secured creditors will be granted adequate protection through
replacement liens on all post-petition property of the Debtor
including cash collateral, with the same priority and extent as
their pre-petition liens. The replacement liens do not apply to
Chapter 5 causes of action and are subject to the fee carveout.
The next hearing will be held on August 11.
The order is available at
http://bankrupt.com/misc/J-CMServices_CCOrder23.pdf
J-CM Services began operations in California in 2009 before
relocating much of its operations and headquarters to Texas during
the COVID-19 pandemic. It specializes in commercial and residential
construction projects. The pandemic severely disrupted its
financial condition as reduced billings, sharply increased material
costs, supply-chain delays, and fixed-price construction contracts
significantly compressed profit margins. Although these operational
problems developed during the pandemic, their full financial impact
did not become apparent until 2024 after the departure of a key
employee revealed accounting issues. To address mounting cash-flow
shortages, the company relied on high-interest merchant cash
advance financing. What began as one short-term loan evolved into
multiple MCA obligations with burdensome repayment schedules that
the Debtor now describes as unsustainable.
Despite these financial challenges, the Debtor said that its
underlying business remains profitable. Absent the costly merchant
cash advance obligations, the Debtor generates strong gross and net
revenues from ongoing construction projects. The Debtor said that
the MCA payments -- not deficiencies in its core business -- are
threatening its continued operations and making Chapter 11
reorganization necessary.
About J-CM Services Inc.
J-CM Services, Inc. is an Argyle, Texas-based commercial
construction and facility services company specializing in
pre-engineered metal building (PEMB) and conventional construction
projects. The company has served commercial and industrial clients
throughout Texas and California, providing design, construction and
facility-related services. Court filings do not specify the reasons
for the Chapter 11 filing, and the company continues operating as a
debtor-in-possession.
J-CM Services, Inc. sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-42427) on July 16,
2026. In its petition, the debtor reported estimated assets of
$100,000 to $500,000 and estimated liabilities of $1 million to $10
million.
Honorable Bankruptcy Judge handles the case.
The Debtor is represented by Robert C. Lane, Esq., of The Lane Law
Firm PLLC.
JASPER THERAPEUTICS: Buys Kira, Plans $132 Million PIPE
-------------------------------------------------------
Jasper Therapeutics, Inc. completed its acquisition of Kira
Pharmaceuticals on July 16 and agreed to a roughly $132 million
private placement, according to a Form 8-K filed with the
Securities and Exchange Commission.
The merger made Kira a wholly owned Jasper subsidiary. Jasper
issued former Kira shareholders about 5.2 million voting common
shares and about 4.64 million nonvoting convertible preferred
shares, each convertible into 61 common shares subject to
conditions.
Before the financing, former Kira equityholders held about 88.73%
of the combined company on a fully diluted basis, while Jasper's
pre-transaction equityholders held about 11.27%. After the
financing, the filing said former Kira holders would own about
49.86%, investors about 43.46% and prior Jasper holders about
6.68%.
The private placement covers about 4.7 million preferred shares and
was expected to close July 20, subject to customary conditions.
Jasper also disclosed that Kira licensed two programs to Mirador
Therapeutics for $12 million upfront and potential development,
regulatory and commercial milestones totaling up to $458.5 million,
plus royalties.
Jasper's board appointed Patrick Crutcher as a director and Matthew
Ros as chief operating officer. Vishal Kapoor and Scott Brun
resigned from the board in connection with the transaction.
About Jasper Therapeutics, Inc.
Jasper Therapeutics is a clinical-stage biotechnology company based
in Redwood City, California. The company focuses on therapies for
mast cell-driven diseases, including chronic spontaneous urticaria,
chronic inducible urticaria and asthma. Its lead candidate,
briquilimab, is a monoclonal antibody designed to block stem cell
factor signaling through the CD117 receptor.
In an audit report dated March 30, 2026, PricewaterhouseCoopers LLP
raised substantial doubt about Jasper's ability to continue as a
going concern, citing significant losses and negative operating
cash flows since inception.
As of March 31, 2026, Jasper reported total assets of $21.18
million, total liabilities of $17.78 million and stockholders'
equity of $3.4 million.
JONATHAN GOLDWATER: Secured Party Sets July 27, 2026 Public Auction
-------------------------------------------------------------------
Raven Asset-Based Credit (Onshore) Fund II LP is the administrative
agent and collateral agent for the lenders (in such capacities, the
"Secured Party") under that certain Credit Agreement, dated as of
July 12, 2022 (as amended, restated, supplemented or otherwise
modified from time to time, the "Credit Agreement"). Pursuant to
the Non-Recourse Pledge Agreement (as defined in the Credit
Agreement) Jonathan Goldwater, (the "Debtor") granted the Secured
Party a security interest in the Collateral (as defined in the
Non-Recourse Pledge Agreement). The Borrowers (as defined in the
Credit Agreement) are in default of their obligations under the
Credit Agreement.
This notice is being published pursuant to Sections 9-610 and 9-611
of the Uniform Commercial Code, as enacted and applicable
with the State of New York (the "UCC").
The Secured Party intends sell (the "Sale") some or all of the
Collateral described on Exhibit A hereto (the "Sale Collateral") in
public as follows:
Day and Date: July 27, 2026 (the "Sale Date")
Time: 10:00 a.m. (Pacific Time)
Place: Paul Hastings LLP 1999 Avenue of the Stars, 26th Floor,
Century City, CA 90067
The Public Auction will also be available by teleconference. Remote
access details can be requested from Dov Goodman at
Paul Hastings LLP at 310-620-5736 or dovgoodman@paulhastings.com.
Persons interested in participating in the Public Auction should
contact Mr. Goodman no later than five (5) days prior to the Sale
Date.
The purchase price for the Sale Collateral shall be payable by wire
transfer in same-day funds or by certified or bank check drawn upon
a US bank as follows: (i) a two million dollar ($2,000,000) deposit
(a "Good Faith Deposit") is required to be delivered at least one
(1) business day prior to the Sale Date, which deposit shall be
delivered pursuant to wire instructions available upon request by a
prospective bidder to Mr. Goodman, (ii) on the Sale Date, the
winning bidder shall, if necessary, deposit additional cash with
the Secured Party in order to, when aggregated with the Good Faith
Deposit, ensure that the Secured Party has received cash in an
amount not less than 10% of the winning purchase price amount and
(iii) the balance of the purchase price shall be payable within one
(1) business day following the Sale Date.
All Good Faith Deposits shall be non-refundable once submitted;
provided that, if a bidder who has delivered a Good Faith Deposit
is not selected as the winning bidder, they shall be entitled to
the return of their Good Faith Deposit within five (5) business
days after the Sale Date.
If a winning bidder fails to timely consummate the purchase of the
Sale Collateral due to a breach of failure to perform on the part
of such winning bidder, such defaulting winning bidder's Good
Deposit shall be forfeited to the Secured Party and the Secured
Party specifically reserves the right to seek all available damages
from such defaulting winning bidder.
The bids made at the auction must be accompanied by evidence
satisfactory to the Secured Party, in its sole and absolute
discretion, of the bidder's ability to make payment in cash in full
of the purchase price as and when required by the terms of the
Sale.
The Sale shall be subject to the further conditions set forth in
the terms of sale which are available upon request from Mr. Goodman
and such revisions thereto as may be announced prior to or at the
start of the auction. Copies of documentation available to the
Secured Party concerning the Sale Collateral will be made available
to qualified bidders who have entered into a confidentiality
agreement acceptable to the Secured Party.
The Secured Party reserves the right to bid, to become purchaser at
the sale, and without deposit, to credit against the purchase price
all sums related to the Obligation under the Credit Agreement and
to adjourn, delay or terminate the Sale at any time. The Sale
Collateral will be sold "as is" and "where is" and without any
implied or express representation, warranty or covenant, including
without limitation any warranty relating to title, possession,
quiet enjoyment, or the like, in the disposition of any or all of
the Sale Collateral.
The Sale Collateral may be sold as a block, although the Secured
Party reserves the right to consider proposals to only acquire
certain assets. Among other requirements, the purchaser at the Sale
will be required to represent that any Sale Collateral consisting
of securities is being acquired for the purchaser's own account and
not with a view to the sale or distribution thereof and that such
Sale Collateral will not be resold unless pursuant to an effective
registration statement under the Securities Act of 1933 (the "Act")
and any applicable state
securities laws or under a valid exemption from the registration
requirements of the Act and such laws. The purchaser will also be
required to provide the Secured Party with an investment letter.
EXHIBIT A (Description of Sale Collateral)
Any or all of the Debtor's right, title and interest in the
following, in each case whether now owned or existing or hereafter
acquired or arising and wherever located: (i) all of the Company
interests (and any certificates representing the Company interests
from time to time); (ii) all direct and indirect rights (including,
without limitation, general intangibles) and benefits of the Debtor
as an equity holder of JGFL, including, but not limited to, all
rights of the Debtor under any limited liability company agreement,
equityholder agreement or similar agreement related to the Company
Interests (the "Equityholder Rights"); (iii) all rights to receive
profits, capital distributions, surplus, income, commissions, fees,
dividends, distributions or other income and all splits, options,
warrants, issues, collections or distributions, whether in the form
of cash or other assets of any kind whatsoever (including, without
limitation, equity securities, property, interests, options of
rights in substitution of or in exchange for, any Company interests
or Equityholder Rights), in respect of the Company Interests or
Equityholder Rights), by means of dissolution, payment exchange or
other method of any kind whatsoever (including without limitation,
upon the liquidation, dissolution or distribution of capital of the
issuer thereof, the recapitalization or reclassification of the
capital of the issuer or the reorganization of the issuer) (clauses
(i), (ii) and (iii), collectively, the "Pledged Interests"; and
(iv) any and all proceeds of any of the Pledged Interests.
"Company Interests" means all of the equity interests issued by J.
Goldwater Family investments, LLC a Delaware limited [ability
company ("JGFI") and held by the Debtor from time to time.
It is the Secured Party’ understanding that JGFI's primary asset
consists of equity interests representing 25% outstanding shares of
Archie Comic Publications, Inc., a New York corporation.
KATE MALLER: Unsecureds Will Get 10.3% of Claims over 3 Years
-------------------------------------------------------------
Kate Maller Jewelry, LLC filed with the U.S. Bankruptcy Court for
the District of Colorado an Amended Plan of Reorganization for
Small Business dated July 16, 2026.
The debtor is a Colorado limited liability company that designs and
sells jewelry, including pieces created by its sole member, Kate
Maller, and other local artists.
The company filed for Chapter 11 bankruptcy after taking out
merchant cash advances to address financial difficulties. The
automatic withdrawals required by these advances caused severe cash
flow problems, making the business financially unsustainable.
Under the proposed reorganization plan:
* General unsecured creditors (Class 11) are impaired and will
receive a guaranteed total of $44,135.00 over three years,
distributed pro rata through quarterly payments of $3,678.00. The
debtor based this amount on projected revenue and expenses while
maintaining a fixed cash reserve to manage future cash flow issues.
Missing any required payment would constitute a default under the
plan.
* Equity holders (Class 12) are not impaired. Existing owners
will retain their ownership interests after the plan becomes
effective.
Regarding contracts and leases:
The debtor will assume:
* The lease for its main business premises.
* The employment contract with Martie Pollard.
* The debtor will reject:
* The employment contract with Madison Mitchell.
* The contract with Public Storage.
Any other executory contracts or leases previously rejected or
pending rejection. Claims arising from rejected contracts must be
filed within 45 days after plan confirmation.
The debtor states that the plan is feasible, relying on financial
projections showing it can meet its payment obligations. Although
one section projects payments of $72,096.00 over the life of the
plan, the plan also repeatedly guarantees $44,135.00 to general
unsecured creditors over three years.
The liquidation analysis concludes that if the case were converted
to Chapter 7, unsecured creditors would receive nothing. In
contrast, the Chapter 11 plan guarantees $44,135.00, representing
approximately 10.3% recovery for general unsecured creditors, while
also paying priority and administrative claims in full.
A full-text copy of the Amended Plan dated July 16, 2026 is
available at https://urlcurt.com/u?l=QFMXvp from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Jonathan M. Dickey, Esq.
KUTNER BRINEN DICKEY RILEY, P.C.
1660 Lincoln Street, Suite 1720
Denver, CO 80264
Telephone: (303) 832-2400
E-mail: jmd@kutnerlaw.com
About Kate Maller Jewelry LLC
Kate Maller Jewelry, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No.
26-11128) on February 26, 2026, listing up to $500,000 in assets
and up to $1 million in liabilities. Mark Dennis, a certified
public accountant at SL Biggs, serves as Subchapter V trustee.
Judge Thomas B. McNamara oversees the case.
Jonathan M. Dickey, Esq., at Kutner Law, represents the Debtor as
legal counsel.
KWR BEDFORD: Seeks to Hire Vincent M. Lentini as Counsel
--------------------------------------------------------
KWR Bedford LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ Vincent M. Lentini, Esq.
to handle its Chapter 11 case.
The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Vincent M. Lentini, Esq.
1129 Northern Blvd. Ste. 404
Manhasset, NY 11030
Tel: (516) 228-3214
About KWR Bedford LLC
KWR Bedford LLC is a Brooklyn, New York-based lessor of
nonresidential buildings and a single-asset real estate company.
The company's principal asset is a mixed-use property located at
171 Bedford Avenue in Williamsburg, Brooklyn. The 116-year-old
building contains residential apartments and a ground-floor
commercial space occupied by JM Optics. The property was acquired
in June 2023 from the Estate of Frances Szczygielski, after being
owned for approximately 18 years by 171 Bedford Avenue, LLC.
KWR Bedford LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43481) on July 21,
2026. In its petition, the debtor reported estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
The Honorable Elizabeth S. Stong handles the case. The debtor is
represented by Vincent M. Lentini, Esq.
LAKE BUENA: Plan Exclusivity Period Extended to Aug. 5
------------------------------------------------------
Judge Grace E. Robson of the U.S. Bankruptcy Court for the Middle
District of Florida extended Lake Buena Vista Investments, LLC's
exclusive periods to file a plan of reorganization and obtain
acceptance thereof to Aug. 5 and Oct. 6, 2026, respectively.
The Debtor explains that it is currently engaged in settlement
negotiations with certain of its creditors. The resolution of these
negotiations is expected to materially affect the terms of the
proposed plan. Accordingly, the Debtor requires additional time to
negotiate and finalize any such agreements.
The Debtor claims that any such agreements will have material
effects on the plan and treatment of various claims by the
company.
The Debtor asserts that it is unaware of any other party who wishes
to file a competing plan.
The Debtor further asserts that it is seeking an extension in good
faith and not to unnecessarily delay the progress of the case. Such
an extension, if granted, will not prejudice the legitimate
interests of creditors and other parties in interest.
The Debtor's Counsel:
Aaron Wernick, Esq.
WERNICK LAW PLLC
2255 Glades Rd.
Ste 324A
Boca Raton, FL 33431
Tel: (561) 961-0922X1
E-mail: aw@wernicklaw.com
About Lake Buena Vista Investments
Lake Buena Vista Investments, LLC, is a Florida-based limited
liability company engaged in activities related to real estate
under NAICS 5313. Its principal assets are located at 12341-12353
Winter Garden Vineland Road in Orlando, Florida, a site
encompassing hospitality and commercial properties.
Lake Buena Vista Investments sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06768) on
Oct. 21, 2025, listing between $10 million and $50 million in both
assets and liabilities. The petition was signed by Jack Flechner
as manager.
Judge Hon. Grace E Robson oversees the case.
The Debtor is represented by Aaron A. Wernick, Esq., at Wernick
Law, PLLC.
LFTD PARTNERS: Ad Real to Buy Lifted's Kenosha Facility for $1.5M
-----------------------------------------------------------------
LFTD Partners Inc. said in a regulatory filing with the Securities
and Exchange Commission that, on July 22, 2026, Lifted Liquids,
Inc., an Illinois corporation doing business as Lifted Made and a
wholly owned subsidiary of the Company, entered into a Commercial
Offer to Purchase with Ad Real Estate Group LLC, pursuant to which
Lifted agreed to sell, and the Buyer agreed to purchase, the real
property and improvements located at 5511 95th Avenue, Kenosha,
Wisconsin 53144.
The 5511 Building is an approximately 11,238 square foot building
that Lifted purchased on Dec. 14, 2023 and that has served as
Lifted's principal operations facility, used for office space,
manufacturing and storage. As previously disclosed, the 5511
Building has been offered for sale, and as of Dec. 31, 2025 was
subject to a first priority mortgage with a principal balance of
$852,755.
Under the Agreement, the purchase price for the 5511 Building is
$1.5 million. The Buyer is required to deliver earnest money in the
amount of $150,000 following acceptance of the offer. The Agreement
was made on July 21, 2026, and was accepted and executed by both
Lifted and the Buyer on July 22, 2026. The Agreement was executed
on behalf of Lifted by Nicholas S. Warrender, the Company's Vice
Chairman and Chief Operating Officer.
The closing of the sale is scheduled to occur on or about Sept. 16,
2026, subject to the satisfaction or waiver of customary closing
conditions and contingencies set forth in the Agreement, including,
among others, contingencies relating to zoning, easements and
restrictions, governmental approvals and licenses, delivery of a
survey or map of the property, document review, a Uniform
Commercial Code lien search, and inspection of the property. The
Agreement is not contingent upon the Buyer obtaining a financing
commitment. At closing, Lifted has agreed to convey title to the
5511 Building to the Buyer by warranty deed, free and clear of
liens and encumbrances except as permitted under the Agreement, and
the parties will prorate real estate taxes and other customary
items as of the closing date.
The Company intends to use the net proceeds from the sale to repay
the outstanding mortgage on the 5511 Building and, following the
sale, plans to consolidate its operations into its other leased
facilities in Kenosha, Wisconsin.
A full-text copy of the Agreement is available at
https://tinyurl.com/3waxan2b
About LFTD Partners Inc.
Publicly traded LFTD Partners Inc. (OTCQB: LIFD), headquartered in
Jacksonville, Fla., is currently directly or indirectly involved in
the development, manufacture and/or sale or re-sale of a wide
variety of branded, hemp-derived, psychoactive and alternative
lifestyle products, and of products involving, nicotine, tobacco
and marijuana.
Spokane, Washington-based Fruci & Associates II, PLLC, the
Company's auditor since 2018, 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 an accumulated deficit, net
losses, and is subject to unique regulatory risks and
uncertainties. These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.
As of March 31, 2026, the Company had $14.45 million in total
assets, $5.98 million in total liabilities, and $8.47 million in
total stockholders' equity.
LIGHT OF THE WORLD: Hires Jim Turnbull CPA as Accountant
--------------------------------------------------------
Light of the World Apostolic Church of San Jose, I seeks approval
from the U.S. Bankruptcy Court for the Northern District of
California to employ Jim Turnbull, CPA as accountant.
The firm's services include:
a. maintaining and reviewing the Debtor's accounting records,
bookkeeping records, and general ledger;
b. preparing financial statements, profit and loss
statements, balance sheets, cash flow reports, and other financial
reports necessary for the operation of the Debtor's
business;
c. assisting the Debtor with the preparation of Monthly
Operating Reports and other financial reports required by the
Office of the United States Trustee.
d. preparing federal, state, and local tax returns and
advising the Debtor regarding tax compliance during the
administration of this Chapter 11 case;
e. assisting in the preparation of budgets, financial
projections, cash flow analyses, and other financial information
reasonably necessary for the administration of the bankruptcy
estate;
f. consulting with Debtor's counsel concerning accounting and
financial matters affecting the administration of the Chapter 11
estate;
g. performing such additional accounting services as may be
reasonably necessary to assist the Debtor in fulfilling its duties
as Debtor in Possession under the Bankruptcy Code;
The firm will be paid at his ordinary and customary hourly rates
for services rendered, together with reimbursement for actual and
necessary expenses incurred in connection with his representation
of the
Debtor.
Mr. Turnbull disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Jim Turnbull, CPA
6248 Paso Los Cerritos
San Jose, CA 95120
Tel: (408) 621-2384
About Light of the World Apostolic Church of San Jose, I
Light of the World Apostolic Church of San Jose, I is a
California-based religious organization operating as a church
entity serving its local community.
Light of the World Apostolic Church of San Jose, I sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case
No. 26-50533) on April 3, 2026. In its petition, the debtor reports
estimated assets of $1 million to $10 million and estimated
liabilities of $1 million to $10 million.
Honorable Bankruptcy Judge Hannah L. Blumenstiel handles the case.
The debtor is represented by David Foyil, Esq., of Equal Justice
Law Group.
LIVECARE INC: Court Extends Cash Collateral Access to Sept. 29
--------------------------------------------------------------
LiveCare, Inc. received another extension from the U.S. Bankruptcy
Court for the Middle District of Florida, Tampa Division, to use
cash collateral to fund operations.
The court entered a second interim order authorizing the Debtor to
use cash collateral from the petition date through September 29, in
accordance with the approved budget.
Individual budget line items may exceed projected amounts by up to
15%, provided that total expenditures do not exceed the overall
budget by more than 10% during the interim period. Any spending
beyond these permitted variances constitutes a default, allowing
secured creditors to seek relief to stop further use of cash
collateral.
Secured creditors include Agile Lending, LLC, Business Expansion
Funding, LLC, Clearview Funding, LLC, Unique Debt, the U.S. Centers
for Medicare and Medicaid Services, and the U.S. government, acting
through the Department of Justice and on behalf of the Office of
Inspector General of the Department of Health and Human Services.
Secured creditors will be granted adequate protection in the form
of replacement liens on post-petition cash collateral, with the
same extent, validity, and priority as their pre-petition security
interests.
The second interim order preserves the rights of all parties and
does not determine the validity, priority, or amount of any
creditor's claims or liens.
The order requires all funds owed to the Debtor to be remitted to
the Debtor as cash collateral, subject to valid security
interests.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/pDZ1v from PacerMonitor.com.
The next hearing is scheduled for September 29.
About LiveCare Inc.
LiveCare, Inc. provides diabetic health coaching, monitoring, and
support services for seniors with diabetes. It offers services
including 24/7 health coaching, proactive and preventative care,
caregiver updates, emergency assistance, medical assistance
coordination, physicals, concierge services, testing supplies,
nutrition guides, and doctor-accessible health readings. LiveCare
was founded in March 2018 and is based in Venice, Florida.
LiveCare sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. M.D. Fla. Case No. 26-04769) on June 2, 2026, with
$100,001 to $500,000 in assets and $1 million to $10 million in
liabilities. The petition was signed by Cornelius Max Rockwell as
chief executive officer and director.
Judge Catherine Peek McEwen oversees the case.
The Debtor is represented by Kathleen L. DiSanto, Esq., at Bush
Ross, P.A.
LOCAL SEARCH: Hires Dunham Hildebrand Payne Waldron as Counsel
--------------------------------------------------------------
Local Search Masters, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Tennessee to hire Dunham
Hildebrand Payne Waldron, PLLC as counsel.
The firm's services include:
a. rendering legal advice with respect to the rights, power,
and duties of the Debtor in the management of its assets;
b. investigating and, if necessary, instituting legal action
on behalf of the Debtor to collect and recover assets of the estate
of the Debtor;
c. preparing all necessary pleadings, orders and reports with
respect to this proceeding and to render all other necessary or
proper legal services;
d. assisting and counseling Debtor in the preparation,
presentation, and confirmation of a plan of reorganization;
e. representing Debtor as may be necessary to protect its
interests; and
f. performing all other legal services that may be necessary
and appropriate in the general administration of Debtor's estate.
The firm's current standard hourly rates are $525-$575 per hour for
attorneys and $225 per hour for paralegals.
The firm has received a retainer of $31,738.
As disclosed in the court filings, Dunham Hildebrand Payne Waldron,
PLLC does not believe it represents any interest adverse to Debtor
or Debtor's estate and is believed to be a "disinterested person"
under Bankruptcy Code Secs. 101(14) and 327.
The firm can be reached through:
R. Alex Payne, Esq.
Dunham Hildebrand Payne Waldron, PLLC
9020 Overlook Blvd, Ste 316
Brentwood, TN 37027
Phone: (629) 777-6539
Email: alex@dhnashville.com
About Local Search Masters, LLC
Local Search Masters, LLC is a Franklin, Tennessee-based provider
of digital marketing and local search advertising services. The
company specializes in helping franchise organizations and
multi-location businesses improve their online visibility through
SEO, SEM, paid social advertising, website development, and
marketing analytics. It is also known for its LSM Insight
CRM-integrated reporting platform.
The company sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Case No. 26-03278) on July 9, 2026. In its
bankruptcy petition, Local Search Masters reported estimated assets
between $500,000 and $1 million and estimated liabilities between
$1 million and $10 million.
The Chapter 11 case is pending in the Middle District of Tennessee,
with the debtor represented by R. Alex Payne, Esq., of Dunham
Hildebrand Payne Waldron, PLLC.
LURIN REAL ESTATE: Affiliate Gets Final OK to Use Cash Collateral
-----------------------------------------------------------------
Lurin Real Estate Holdings LXIV, LLC, an affiliate of Lurin Real
Estate Holdings XXI, LLC, received final approval from the U.S.
Bankruptcy Court for the Southern District of Texas to use cash
collateral.
Under the final order, the Debtor is authorized to use cash
collateral and other pre-petition collateral for working capital
and ordinary-course expenses relating to its property -- a
multi-family apartment complex located in St. Petersburg, Fla. The
Debtor is not allowed to spend cash collateral exceeding 110% of
any budget line item.
The budget covers the 13-week period from the week ending July 10
through the week ending October 2.
BDS V Mortgage Capital G LLC, the pre-petition secured lender, will
be granted adequate protection through replacement liens on the
Debtor's pre-petition collateral, solely to the extent the use of
cash collateral diminishes the value of the lender's interests.
The order is available at
http://bankrupt.com/misc/LurinRealEstate_CCOrder536.pdf
About Lurin Real Estate Holdings XXI LLC
Lurin Real Estate Holdings XXI, LLC is a real estate investment and
development company focused on commercial and residential property
holdings across multiple U.S. markets.
Lurin Real Estate Holdings XXI sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90344) on
March 2, 2026. In its petition, the Debtor reports estimated assets
and estimated liabilities each in the range of $50 million to $100
million.
Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
The Debtor is represented by Joshua W. Wolfshohl, Esq., at Porter
Hedges, LLP.
MAGELLAN AEROSPACE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Magellan Aerospace, Middletown, Inc.
2320 Wedekind Drive
Middletown Ohio 45042
Business Description: Magellan Aerospace, Middletown, Inc.
operates an aerospace manufacturing facility in Middletown, Ohio,
producing jet engine nacelle and exhaust components as well as
heat-resistant products for space applications. Founded in 1928,
the company employs 109 people and operates as part of the Magellan
Aerospace group, benefiting from centralized services, shared
technical expertise, purchasing scale, and operational resources.
Chapter 11 Petition Date: July 22, 2026
Court: United States Bankruptcy Court
Southern District of Ohio
Case No.: 26-11937
Judge: Hon. Beth A Buchanan
Debtor's Counsel: Schuyler G. Carroll, Esq.
MANATT, PHELPS & PHILLIPS, LLP
7 Times Square
New York NY 10036
Tel: (212) 790-4521
E-mail: SCarroll@manatt.com
- and -
Ronald E. Gold, Esq.
FBT GIBBONS LLP
301 E. Fourth Street, Suite 3300
Cincinnati OH 45202
Tel: (513) 651-6156
Email: Rgold@fbtgibbons.com
Debtor's
Financial
Restructuring
Adviser &
Sales Agent: ROCK CREEK ADVISORS, LLC
Debtor's
Claims &
Noticing
Agent: STRETTO, INC.
Estimated Assets: $10 million to $50 million
Estimated Liabilities: $50 million to $100 million
The petition was signed by Michael I. Goldberg as independent
director.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/55KIVPY/Magellan_Aerospace_Middletown__ohsbke-26-11937__0001.0.pdf?mcid=tGE4TAMA
Entity Nature of Claim Claim Amount
1. The Reynolds Group Professional $170,677
520 W. 1st Street Services
Tustin, CA 92701
Contact: Alex Dolzer
Tel: 714-730-5397
Email: trujillo@reynolds-group.com
2. Mound Manufacturing Center, Inc. Trade $113,515
33 Commerce Park Drive
Dayton, Ohio 45404
Contact: Al Hodapp
Tel: 937-2368387
Email: moundmfgctr@aol.com
3. Fidelity 401K Professional $87,583
PO Box 770001 Services
Cincinnati, Ohio 45277
Contact: Seamus Mitchell
Tel: 516-336-0763
Email: seamus.mitchell@morganstanley.com
4. Duke Energy (Payment Processing) Trade $53,031
P.O. Box 1094
Charlotte, North Carolina 28201
Contact: General Billing
Tel: 800-774-1202
Email: duke-energy.com
5. MSC Industrial Direct Co., Inc. Trade $49,115
4738 Payne Avenue
Dayton, Ohio 45414
Contact: General Contact
Tel: 937-274-3750
Email: mscindustrialsupplyprr@usbank.com
6. CT Security Services Trade $49,111
2264 Ross States Drive
Hamilton, Ohio 45013
Contact: Zack Collins
Tel: 937-388-4287
Email: support@ctservingyou.com
7. Trimech Enterprise Solutions Corp. Trade $39,151
(Formerly Adaptive Corporation)
49911 Lake Brook Drive
Glen Allen, VA 23060
Contact: Marcy McFerran
Tel: 248-563-4414
Email: marcy.mcferran@trimech.com
8. UMR, Inc. Professional $29,790
115 W Wausau Ave. Services
Wausau, WI 54401
Contact: Patty Kastenschmidt
Tel: 763-361-2850
Email: patty_l_kastenschmidt@umr.com
9. BodyCote (DBA Ellison Surface Trade $28,005
Technologies)
PO Box 208705
Dallas, TX 20841
Contact: Simon Fong
Tel: 513-770-4948
Email: simon.fong@bodycote.com
10. Boeing Distribution Services Trade $24,980
88289 Expedite Way
Chicago, IL 60695
Contact: Michael Pena
Tel: 514-693-2334
Email: michael.a.pena@boeing.com
11. Rolled Alloys, Inc. Trade $23,925
4806 Thunderbird Lane
Fairfield, OH 45014
Contact: Emily Royce
Tel: 513-874-2740
Email: eroyce@rolledalloys.com
12. IAM National Pension Fund Professional $23,545
99 M S St S. E. Washington Services
DC, 20003
Contact: Toiya Lewis
Tel: 202-857-3754 Ext.754
Email: tlewis@iamnpf.org
13. MDI of Wisconsin, Inc. DBA Aptyx Trade $22,330
2685 Universal St.
Oshkosh, WI 54904
Contact: Matt Mailo
Tel: 480-389-1822
Email: mailo@aptyx.com
14. United Performance Metals Trade $21,949
PO Box 934502
Atlanta, GA 31193
Contact: Dani Brinkmann
Tel: 513-860-6515
Email: dbrinkmann@upmet.com
15. Custome Design Benefits Professional $17,672
5589 Chevoit Rd. Services
Cincinnati, OH 45247
Contact: Marcia Homer
Tel: 513-389-3761
Email: mhomer@customdesignbenefits.com
16. Partners Personnel Management Professional $15,300
Services, LLC Services
3820 State St., Suite B
Santa Barbara, CA 93105
Contact: Sherry Bushman
Tel: 307-522-8598
Email: sherry.bushman@partnerspersonnel.com
17. Highspring LLC Trade $14,735
PO Box 667
Brentwood, CA 94513
Contact: Shannon Iannone
Tel: 615-933-0444
Email: shannon.iannone@highspring.com
18. Matheson Tri-Gas, Inc. Trade $14,549
2881 Tylersville Rd.
Hamilton, OH 45015
Contact: Tom Hosler
Tel: 513-500-6212
Email: thosler@us.nipponsanso.com
19. Precision Aerospace Corporation Trade $12,442
11155 Jersey Blvd.
Rancho Cucamonga, CA 91730
Tel: 909-980-8855
Email: sblanco@pac.cc
20. Hexagon Manufacturing Professional $12,164
Intelligence Services
Lockbox 771742
Chicago, IL 60677
Contact: Jennifer Kesson
Tel: 714-540-8900
Email: jennifer.kesson@hexagon.com
MANN & WIFE: Case Summary & Four Unsecured Creditors
----------------------------------------------------
Debtor: Mann & Wife Inc., a California corporation
d/b/a Papachino's Grill and Greens
14501 Ramona Avenue
Chino CA 91710
Business Description: Mann & Wife Inc. operates Papachinos Grill
and Greens, a fast-casual restaurant located in Chino, California.
Established in 2009, the restaurant offers a diverse menu
featuring wild-caught seafood, tropical-style teriyaki dishes,
Mexican-inspired cuisine, appetizers, and other prepared meals.
Papachinos Grill and Greens serves families and other customers
in the Chino Valley community.
Chapter 11 Petition Date: July 16, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-15702
Judge: Hon. Scott H Yun
Debtor's Counsel: James C. Bastian, Jr., Esq.
SHULMAN BASTIAN FRIEDMAN BUI & O'DEA LLP
100 Spectrum Center Drive, Suite 600
Irvine CA 92618
Tel: (949) 340-3400
Email: jBastian@shulmanbastian.com
Total Assets: $176,073
Total Liabilities: $1,031,512
The petition was signed by Jeffrey Mann as chief executive
officer.
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/BXQEVJA/Mann__Wife_Inc_a_California_corporation__cacbke-26-15702__0001.0.pdf?mcid=tGE4TAMA
MAPLE TREE: Unsecureds Will Get 5% of Claims over 5 Years
---------------------------------------------------------
Maple Tree Metalworks, LLC filed with the U.S. Bankruptcy Court for
the Middle District of Alabama a Plan of Reorganization for Small
Business under Subchapter V dated July 15, 2026.
The Debtor is an entity that was organized as a Domestic Limited
Liability Company on or around December 30, 2021, in Geneva County,
Alabama.
The Debtor's business activities include manufacturing various
metal components including such components related to shipping and
transportation. Marcus Carroll and Ashley Carroll are the members
of the Debtor and each own 50% of those interests.
The Debtor's income is derived exclusively from the manufacturing
of various metal components. In recent years, the Debtor
experienced significant financial issues related, at least in part,
to historically low revenue. The low revenue resulted in the Debtor
seeking alternate financing arrangements which, in turn, caused the
Debtor to experience exorbitant interest rates. These issues, the
historically low revenue and unfavorable financing arrangements,
caused the Debtor to experience an inability to fund ordinary
course debts and thereby resulted in the filing of this bankruptcy
case.
This plan provides for four classes of claims and one class of
equity interests. This plan also provides for the payment of
administrative claims and priority claims, along with an
approximate 5% distribution to all holders of allowed unsecured
claims. The funds to service these obligations will be derived from
revenues generated from the debtor's business operations which, in
the debtor's opinion, will provide a greater recovery than under
liquidation of the debtor. Accordingly, the debtor believes that
approval of the plan is in the best interests of all creditors.
This Plan, under Chapter 11, Subchapter V, of the Bankruptcy Code,
proposes to pay certain Creditors of the Debtor, as provided for
herein, from Cash flow from future earnings. The Debtor does not
intend to liquidate or dispose of any Property other than as
identified within the Plan; however, if disposition or liquidation
of Property becomes necessary for a successful reorganization, the
Debtor will undertake such necessary disposition or liquidation in
accordance with the terms of this Plan.
As set forth in this Plan and unless stated otherwise, an Allowed
Secured Claim will be treated as secured to the extent of the value
of the Creditor's interest in the Estate's interest in the subject
Property and as unsecured to the extent that the value of the
Creditor's interest is less than the amount of the Allowed Secured
Claim. A secured Creditor will retain its Lien on the Collateral
under this Plan, to the extent of the secured value of the Allowed
Secured Claim, unless there is an express provision herein that
states otherwise.
A secured Creditor will receive payment on its Allowed Secured
Claim, as set forth in this Plan, out of the Debtor's future
earnings on the terms set forth herein this Plan. This Plan
provides payment to Creditors holding Administrative and Priority
Unsecured Claims. This Plan provides for a Distribution of
approximately 5% to Creditors holding Allowed Unsecured Claims.
Class 4 consists of Non-priority Unsecured Creditors (Includes
Deficiency and Under-secured Claims). Within its Schedules, the
Debtor identified one or more entities that purport to hold claims
referred to as "merchant cash advances" or the "purchase of future
receivables" ("MCA Lenders") including, but not limited to, Fenix
Capital and Fox Funding. The Debtor disputes any such
characterization and takes the position that these financing
arrangements are more properly characterized as disguised financing
transactions.
To the extent any MCA Lenders have claims that are not deemed filed
pursuant to Section 1111(a) of the Bankruptcy Code or are otherwise
disallowed, the claims are not entitled to Distribution under this
Plan. Otherwise, the claim of any MCA Lender shall be treated as a
general unsecured claim within Class 4 of this Plan, unless the MCA
Lender establishes, by properly and timely filed proof of claim and
other necessary supporting documentation, the validity, extent,
priority and perfection of any asserted lien. Upon Confirmation of
this Plan, the MCA Lenders shall release any and all liens against
the Debtor and/or the Reorganized Debtor and/or the assets
thereof.
Fenix Capital has properly and timely filed a proof of claim with
supporting documentation to establish the validity, extent,
priority and perfection of its lien against the Debtor's
prepetition accounts. Accordingly, with respect to Fenix Capital,
the merchant cash transaction is treated as an Allowed Secured
Claim in the full amount of said claim.
Fox Funding has timely filed a proof of claim and represented
therein that it is the Holder of an Unsecured Claim against the
Debtor. Fox funding recorded its security interest, as reflected on
the UCC-1 Financing Statement relative thereto, within less than
thirty days prepetition, and accordingly, said claim is considered
preferences under Section 547 of the Bankruptcy Code.
Treatment of Allowed Unsecured Claim(s)
Each Holder of an Allowed Unsecured Claim in this Class shall
receive a total Distribution of 5% of the total amount of the
Holder's Allowed Unsecured Claim, without interest, in equal annual
payments over a period of five years, with the first annual payment
due on the anniversary of the Effective Date, and all future
payments due on the following consecutive four anniversary dates.
The Debtor shall make these Distributions on an annual basis, with
each Distribution due no later than thirty days of the relative
anniversary date. The Debtor can satisfy the Claim(s) at any time
prior to the end of the term set forth in this Plan without early
payment penalty or unaccrued interest.
In the event the Debtor or Reorganized Debtor makes a monetary
recovery on a prepetition Cause of Action, the Debtor or
Reorganized Debtor will distribute any net proceeds to the Holders
of Allowed Unsecured Claims in Class 4 on a pro-rata basis within
thirty days of receipt of said proceeds or approval of the
settlement by the Court, if required, or the latter thereof said
two dates. The phrase "net proceeds" means any monetary recovery
after payment of attorney's fees, costs and expenses related to the
prosecution of said Cause of Action.
Class 5 consists of Equity Interests of the Debtor. The Equity
Interests in this Class consists of the membership interest held by
Marcus and Ashley Carroll, who retain said interest within this
Plan. Mr. and Mrs. Carroll will remain in the position of daily
management of the Reorganized Debtor. This Class is not Impaired
and therefore the Equity Interest Holders are not entitled to
submit a ballot in favor of the Plan under Subchapter V of the
Bankruptcy Code.
The Reorganized Debtor will retain its Property (excepting the
surrendered Collateral identified herein, if any), subject to the
encumbrances and Liens thereon as provided herein, which will allow
the Reorganized Debtor to operate its business, earn revenue, and
pay its Creditors holding Allowed Priority, Secured and/or
Unsecured Claims from future earnings from operations. As
applicable and necessary, the Reorganized Debtor submits all or
such required amount of its future earnings or other future income
as is necessary to effectuate the execution of this Plan.
A full-text copy of the Plan of Reorganization dated July 15, 2026
is available at https://urlcurt.com/u?l=xg9Dm9 from
PacerMonitor.com at no charge.
About Maple Tree Metalworks LLC
Maple Tree Metalworks, LLC, is a specialty metal fabrication
business.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-10441) on April 16,
2026. In the petition signed by Marcus Carroll, member, the Debtor
disclosed up to $100,000 in assets and up to $500,000 in
liabilities.
Judge Christopher L. Hawkins oversees the case.
Anthony Brian Bush, at The Bush Law Firm, LLC, represents the
Debtor as legal counsel.
MARMAR BEDFORD: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Marmar Bedford, LLC
493 S. Robertson Blvd.
Beverly Hills, CA 90211
Business Description: Marmar Bedford, LLC owns and leases a luxury
multifamily residential property in Los Angeles.
Chapter 11 Petition Date: July 21, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-17207
Debtor's Counsel: Thomas B. Ure, Esq.
URE LAW FIRM
8280 Florence Avenue, Suite 200
Downey, CA 90240
Tel: 213-202-6070
Fax: 213-202-6075
E-mail: tom@urelawfirm.com
Estimated Assets: $10 million to $50 million
Estimated Liabilities: $10 million to $50 million
The petition was signed by Marvin Markowitz as managing member.
The Debtor has declared in the petition that it has no unsecured
creditors.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/KII2YCY/Marmar_Bedford_LLC__cacbke-26-17207__0001.0.pdf?mcid=tGE4TAMA
MBA INVESTMENTS: Hires Q Financial Services as Tax Preparer
-----------------------------------------------------------
MBA Investments, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Arizona to employ Q Financial Services as tax
preparer.
The firm's services include:
a. reviewing historical financial records and tax filings;
b. preparing and maintaining accounting records;
c. assisting with bookkeeping and financial statement
preparation;
d. coordinating with bankruptcy counsel regarding financial
documents;
e. matters within the scope of our services.
f. assisting with the preparation of financial information
required by the bankruptcy court;
g. tax planning and advisory services;
h. analysis of tax liabilities.
i. reviewing IRS and state tax notices and correspondence;
j. assisting with tax compliance during the bankruptcy
process;
k. providing strategic financial guidance to support
reorganization, restructuring, or liquidation efforts.
The firm will be paid at $1,000 per month.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Cowled disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Barbara Cowled
Q Financial Services
2473 S Higley Road Suite 104-613
Gilbert, AZ 85295
Tel: (480) 535-1600
About MBA Investments LLC
MBA Investments, LLC is an investment and asset management company
engaged in business and financial investment activities.
MBA Investments filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-05919) on June 16,
2026. In its petition, the Debtor reported assets of up to $100,000
and liabilities of between $100,001 and $1 million.
Honorable Bankruptcy Judge Paul Sala handles the case.
The Debtor is represented by Allan D. Newdelman, Esq., at Allan D.
Newdelman PC.
MEMA'S CHICK'N': Hires George Oliver PLLC as Bankruptcy Counsel
---------------------------------------------------------------
MeMa's Chick'n' & Ribs, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of North Carolina to hire The Law
Offices of George Oliver, PLLC as counsel.
The firm will provide these services:
(a) represent and assist the company in carrying out its
duties under the provisions of Chapter 11 of the Bankruptcy Code;
(b) represent the estate generally throughout the
administration of the Chapter 11 proceeding; and
(c) advise and represent the company throughout the Chapter 11
proceeding.
The company paid a retainer of $7,500, which included the $1,738
Chapter 11 filing fee.
The Law Offices of George Oliver, PLLC is a "disinterested person"
within the meaning of Section 327(a) of the Bankruptcy Code,
according to court filings.
The firm can be reached at:
George Mason Oliver
THE LAW OFFICES OF GEORGE OLIVER, PLLC
PO Box 1548
New Bern, NC 28563
Telephone: (252) 633-1930
Facsimile: (252) 633-1950
E-mail: george@georgeoliverlaw.com
About MeMa's Chick'n' & Ribs L.L.C.
MeMa's Chick'n' & Ribs operates a food service business and its
sole source of income is revenue generated through its restaurant
operations.
MeMa's Chick'n' & Ribs sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03023) on July 2,
2026, with $1,000,001 to $10 million in assets and liabilities.
Judge Joseph N. Callaway presides over the case.
George M. Oliver, Esq. at The Law Offices of George Oliver, PLLC
represents the Debtor as legal counsel.
MENTORING AND BEHAVIORAL: Hires Barry A. Friedman as Counsel
------------------------------------------------------------
Mentoring and Behavioral Services, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Alabama to employ
Barry A Friedman & Associates, PC as legal counsel.
The firm will provide these services:
(a) take appropriate action with respect to secured and
priority creditors;
(b) take appropriate action with respect to possible voidable
preferences and transfers;
(c) prepare on behalf of the Debtor-in-Possession necessary
petitions, answers, orders, reports, and other papers, and try
before the court whatever issues are deemed necessary;
(d) investigate the accounts of the Debtor and the financial
transactions related thereto; and
(e) perform all other legal services for the
Debtor-in-Possession which may be deemed necessary.
The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.
According to court filings, Barry A. Friedman & Associates, PC is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code and represents no interest adverse to the Debtor or
the estate.
The firm can be reached at:
Barry A. Friedman, Esq.
Barry A. Friedman & Associates, PC
1306 Government St
Mobile, AL 36604
Tel: (251) 439-7400
About Mentoring and Behavioral Services, LLC
Mentoring and Behavioral Services (MBS), LLC provides Applied
Behavioral Analysis therapy and individual counseling therapy for
children. It operates in Mobile, Alabama and Columbus, Georgia.
Mentoring and Behavioral Services (MBS) filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ala.
Case No. 26-11917) on June 29, 2026, with up to $50,000 in assets
and $1 million to $10 million in liabilities.
Judge Jerry C. Oldshue presides over the case.
Barry A. Friedman, Esq., at Barry A. Friedman & Associates, PC
represents the Debtor as legal counsel.
MIZELL MEMORIAL: Ombudsman Hires Baker Donelson as Counsel
----------------------------------------------------------
Suzanne A. Koenig, the patient care ombudsman of Mizell Memorial
Hospital Incorporated seeks approval from the U.S. Bankruptcy Court
for the Middle District of Alabama to employ Baker, Donelson,
Bearman, Caldwell & Berkowitz, P.C. as counsel.
The firm's services include:
a. representing the Ombudsman in any proceeding or hearing in
the Court, and in any action in other courts where the rights of
the patients may be litigated or affected as a result of this
Case;
b. advising the Ombudsman concerning the requirements of the
Bankruptcy Code and Bankruptcy Rules relating to the discharge of
her duties under section 333 of the Bankruptcy Code;
c. advising and representing the Ombudsman in evaluating any
patient or healthcare related issues, including, in connection with
any sale or reorganization; and
d. performing such other legal services as may be required
under the circumstances of this Case in accordance with the
Ombudsman's powers and duties as set forth in the Bankruptcy Code,
including assisting the Ombudsman with reports to the Court, fee
applications, or other matters.
The firm will be paid at these rates:
Shareholders/Of Counsel $500 to $1,390 per hour
Associates $370 to $835 per hour
Legal Assistants/Paralegals $140 to $490 per hour
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Cahill disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Matthew M. Cahill, Esq.
Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C.
1901 Sixth Avenue North, Suite 2600
Birmingham, AL 35203
Telephone: (205) 244-3836
About Mizell Memorial Hospital Incorporated
Mizell Memorial Hospital Incorporated is a private, not-for-profit
acute care facility located in Opp, Alabama. Founded through a
charter accepted in 1945 and dedicated in 1949, the hospital
provides general medical, surgical, inpatient, outpatient, and
emergency room care. Its services include diagnostic,
rehabilitation, therapy, pharmacy, laboratory, radiology,
respiratory care, behavioral care, sleep disorder, clinic,
wellness, and home health services. Mizell Memorial Hospital is
licensed for 99 beds, operates with a 59-bed capacity, participates
in Medicare and Medicaid programs, and is governed by a local
volunteer board of directors.
The hospital filed for Chapter 11 protection on April 29, 2026,
under Bankruptcy Case No. 26-31120. The filing lists estimated
assets and liabilities each ranging from $10 million to $50
million.
The case is assigned to Honorable Bankruptcy Judge Christopher L.
Hawkins.
The Debtor is represented by Stuart M. Maples, Esq. of Thompson
Burton PLLC.
MPH RESTAURANTS: Trustee Hires Gregory K. Stern PC as Counsel
-------------------------------------------------------------
Janice Seyedin, the Chapter 11 Trustee for MPH Restaurants, LLC
seeks approval from the U.S. Bankruptcy Court for the Northern
District of Illinois to employ Gregory K. Stern, P.C. as counsel.
The firm's services include:
a. assisting the Trustee in administering assets;
b. providing the Trustee legal advice with respect to her
investigation, administration and liquidation of property of the
estate;
c. reviewing and examining the Debtor's assets, books and
records; proofs of claim, and any other documentation related to
assets or property of this estate;
d. analyzing case for filing of complaints to recover assets
on behalf of the estate with regards to any avoidance actions,
fraudulent conveyances, or turnover of estate assets;
e. negotiating with creditors and other parties in interest,
attending court hearings and meeting with attorneys and other
parties in interest;
f. preparation of applications to employ attorneys,
accountants or other professional persons, including asset recovery
specialists, objections to claims, and any other necessary
pleadings required for the proper administration of this estate;
g. representation of the Trustee at court hearings; and,
h. performing all other legal services that may be necessary
or required for the representation of the Chapter 11 Trustee and
for the proper administration of this estate.
The firm will be paid at these rates:
Gregory K. Stern $650 per hour
Monica C. O'Brien $550 per hour
Dennis E. Quaid $550 per hour
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Stern disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Gregory K. Stern, Esq.
Dennis E. Quaid, Esq.
Monica C. O'Brien, Esq.
Gregory K. Stern, P.C.
53 West Jackson Boulevard, Suite 1442
Chicago, IL 60604
Telephone: (312) 427-1558
E-mail: emonzo@morrisjames.com
jlevin@morrisjames.com
scerra@morrisjames.com
krishansen@paulhastings.com
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.
MULBERRYS MOBILE: Jerrett McConnell Named Subchapter V Trustee
--------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell,
Esq., at McConnell Law Group, P.A. as Subchapter V trustee for
Mulberrys Mobile Provider Services, LLC.
Mr. McConnell will be paid an hourly fee of $400 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. McConnell declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Jerrett M. McConnell, Esq.
McConnell Law Group, P.A.
6100 Greenland Rd., Unit 603
Jacksonville, FL 32258
Phone: (904) 570-9180
info@mcconnelllawgroup.com
About Mulberrys Mobile Provider Services LLC
Mulberrys Mobile Provider Services, LLC sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No.
26-10213) on July 21, 2026, with $500,001 to $1 million in both
assets and liabilities.
Justin M. Luna, Esq., at Latham, Luna, Eden & Beaudine, LLP
represents the Debtor as legal counsel.
MVP GROUP: Plan Confirmation Hearing Scheduled for Sept. 3
----------------------------------------------------------
Judge Scott M. Grossman of the U.S. Bankruptcy Court for the
Southern District of Florida conditionally approved the Disclosure
Statement in support of Plan of Reorganization of MVP Group, LLC.
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 Debtor's request for a Hearing on the final approval of the
Disclosure Statement and confirmation of the Plan, and the
following Confirmation Schedule, are approved:
* The Court will conduct the confirmation hearing (the
"Confirmation Hearing") and consider approval of timely-filed fee
applications, subject to the following deadlines and requirements
on September 3, 2026 at 10:00 a.m.
* August 20, 2026 is the deadline for filing ballots accepting
or rejecting the Plan.
* August 20, 2026 is the deadline for filing objections to
confirmation of the Plan.
* August 31, 2026 is the deadline for filing confirmation
affidavit or declaration.
As shared by the Troubled Company Reporter, the Debtor entered
negotiations with the Plan Sponsor. As part of these negotiations,
the Debtor also negotiated a term sheet with AFS, which is
incorporated in Section 4.02 of the Plan.
Class 6 consists of the Allowed Unsecured Claims against the
Debtor. The holders of Allowed Class 6 Claims shall receive
Distributions equal to ten percent of the Allowed Class 6 Claims.
Such Distributions shall be paid monthly over a period of five (5)
years, or sixty equal monthly installments. Each monthly
Distribution shall be in the amount of (i) the Allowed Class 6
Claim, (ii) multiplied by ten percent, and then (iii) divided by
60. Each holder of an Allowed Class 6 Claim shall be paid its Pro
Rata Portion of Distributions on account of the Allowed Class 6
Claims commencing on the later of thirty days after the Effective
Date, or the date on which any Class 6 Claim becomes an Allowed
Class 6 Claim, and each thirty days thereafter.
The Class 6 Claims are Impaired. The allowed unsecured claims total
$7,917,178.43.
Class 7 consists of Allowed Equity Interests in the Debtor. The
holders of Allowed Class 7 Interests shall be cancelled under the
Plan on the Effective Date. The Class 7 Interests are Impaired.
Upon confirmation of the Plan, in accordance with the Confirmation
Order, the Debtor or Reorganized Debtor, as the case may be, will
be authorized to take all necessary steps, and perform all
necessary acts, to consummate the terms and conditions of the Plan.
In addition to the provisions set forth elsewhere in the Plan, the
following shall constitute the means for implementation of the
Plan.
Distributions under the Plan will be derived from the following
(the "Plan Sponsor Transaction"): (a) on the Effective Date, in
exchange for the Plan Sponsor receiving 100% of the membership
interests to be issued in the Reorganized Debtor, the Plan Sponsor
shall contribute an amount, not to exceed $250,000.00, for purposes
of paying any Allowed Administrative Claims; (b) the Plan Sponsor
shall contribute an amount, not to exceed $50,000.00, for purposes
of paying any Allowed Priority Tax Claims and any Allowed Priority
Claims; however, in the event the total amount of Allowed Priority
Tax Claims exceeds $50,000.00, then the holders of Allowed Priority
Tax Claims shall be paid over a period not to exceed five years
from the Effective Date, in equal monthly payments commencing
thirty days following the Effective Date; (c) the Plan Sponsor
shall contribute the amount of $500,000.00 for purposes of funding
the Initial Class 2 Distribution; and (d) the Plan Sponsor shall
contribute the amount of $500,000.00 to be used towards funding the
Reorganized Debtor's business operations, including, without
limitation, payment of operating expenses.
Any other Distributions due under the Plan shall be derived from
the Reorganized Debtor's Cash available from operations.
A full-text copy of the Disclosure Statement dated June 2, 2026 is
available at https://urlcurt.com/u?l=KvVuQL from PacerMonitor.com
at no charge.
MVP Group LLC is represented by:
Michael D. Seese, Esq.
Seese, P.A.
101 N.E. 3rd Avenue, Suite 1500
Ft. Lauderdale, FL 33301
Tel: (954) 745-5897
Email: mseese@seeselaw.com
A copy of the Court's Order dated July 16, 2026, is available at
https://urlcurt.com/u?l=uuIYv4 from PacerMonitor.com.
About MVP Group LLC
MVP Group LLC is a Fort Lauderdale-headquartered distributor of
commercial food service equipment. The Company supplies products to
restaurants, hotels, schools, government institutions, and other
foodservice operators, with clients including global chains such as
Subway, Burger King, Marriott and Best Western. MVP Group supports
its operations through a network of warehouses, inventory centers
and authorized service agents throughout North America.
MVP Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Fla. Case No. 25-20199) on Aug. 29, 2025. In its
petition, the Debtor reports estimated assets between $1 million
and $10 million and estimated liabilities between $10 million and
$50 million.
Honorable Bankruptcy Judge Scott M. Grossman handles the case.
The Debtor is represented by Michael D. Seese, Esq. at SEESE, P.A.
NANO PHARMACEUTICAL: Hires Money Forward as Accountants
-------------------------------------------------------
Nano Pharmaceutical Laboratories, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Money
Forward Whipplewood, LLC as accountant.
The firm will to assist the Debtor in preparing its 2025
tax-related documents and schedules.
The firm will charge a flat fee of $5,735 for the accounting
services.
Mitchell Clark disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Mitchell Clark
Money Forward Whipplewood, LLC
11852 Shaffer Driver, Building B
Littleton, CO 80127
Tel: (303) 989-7600
Fax: (303) 989-5810
About Nano Pharmaceutical Laboratories
Nano Pharmaceutical Laboratories, LLC, is a Colorado company that
engages in contract manufacturing of raw materials that go into
over the counter vitamins and supplements.
The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 26-13415) on May 14,
2026, with assets of between $50,001 and $100,000 and liabilities
of between $1 million and $10 million. Jonathan Dickey serves as
Subchapter V trustee for the Debtor.
Judge Michael E. Romero oversees the case.
Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C.,
is the Debtor's legal counsel.
NEGRONI BRICKELL: Hires Mr. Llodra of Squamish as CRO
-----------------------------------------------------
Negroni Brickell, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to employ Albert Llodra of
Squamish Holdings, LLC as chief restructuring officer.
The firm will guide and assist the Debtor in its operational and
financial restructuring and to become the authorized
representative, agent, and signatory of the Debtor prior to and
during the Chapter 11 process.
The firm will be paid a flat fee of $7,500 per month plus
reimbursement of actual out of pocket costs.
Mr. Llodra disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Albert Llodra
Squamish Holdings, LLC
7870 SW 141st Terr.
Miami, FL 33158
About Negroni Brickell, LLC
Negroni Brickell LLC is a Miami, Florida-based full-service
restaurant operating Negroni Bistro & Sushi Bar in the city's
Brickell neighborhood. The restaurant specializes in Nikkei sushi
and international comfort cuisine and continues to operate
following the bankruptcy filing, with scheduled promotional events
and holiday celebrations throughout July 2026. The Negroni brand
originated in Buenos Aires' Palermo Hollywood district before
expanding into South Florida.
Negroni Brickell LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18741) on
July 1, 2026. In its petition, the Debtor reported between $1
million and $10 million in both assets and liabilities.
The Debtor is represented by Jacqueline Calderin, Esq., and Jesse
R. Cloyd, Esq.
NEW GRANT: Amends UC Grant & Lincoln Secured Claims Pay
-------------------------------------------------------
New Grant Acquisitions, LLC, submitted a First Amendment to
Disclosure Statement to accompany the Third Amended Plan of
Reorganization dated July 16, 2026.
Since the filing of the Disclosure Statement, two significant
events have occurred which required modification of the Debtor's
proposed Second Amended Plan of Reorganization.
First, following an evidentiary valuation hearing conducted on June
22, 2026, on June 26, 2026, the Court entered an Order Valuing
Property in which the Court determined that, for purposes of
determining Claims secured by the Grant Building in the Case
pursuant to section 506(a) of the Bankruptcy Code and Bankruptcy
Rule 3016, the value of the Grant Building is $8,875,000.
Second, after entry of the valuation order, UC Grant Building
Holder, LLC ("UC Grant") timely elected treatment of its Claim
under Section 1111(b) (the "UC Grant 1111(b) Election"). As a
result of that election, UC Grant has elected to have its claim
treated as a fully secured claim (the "UC Grant 1111(b) Secured
Claim") for purposes of confirmation, thereby requiring
modification of the treatment originally proposed for Class 4.
Accordingly, the Debtor has filed a Third Amended Plan of
Reorganization revising the treatment of the UC Grant Claim.
Revised Treatment of UC Grant Claim
The principal modification to the Plan concerns the treatment of
the UC Grant's Allowed Secured Claim. Under the Second Amended
Plan, the Debtor proposed to satisfy UC Grant's Allowed Secured
Claim through one of two alternatives. If UC Grant voted to reject
the Plan it was to receive a cash distribution of $4,800,000 in
satisfaction of its Allowed Secured Claim, funded from the proceeds
of the Plan Sponsor Transaction, and the balance of the UC Grant
Claim was treated as an Allowed Unsecured Claim under Class 6. If
UC Grant voted to accept the Plan it was to receive $8,000,000 in
complete satisfaction of the UC Grant Claim. Following the UC Grant
Section 1111(b) Election, that treatment is no longer available
under the Bankruptcy Code.
The Third Amended Plan instead provides the following alternative
treatments for UC Grant: (a) if the UC Grant 1111(b) Election is
not withdrawn prior to the Confirmation Hearing, the UC Grant
1111(b) Secured Claim will be granted certain liens and a stream of
payments over time intended to satisfy the requirements of Section
1129(b)(2)(A)(iii) of the Bankruptcy Code by providing UC Grant
with the indubitable equivalent of its Allowed Secured Claim, and
(b) if the UC Grant 1111(b) Election is withdrawn prior to the
Confirmation Hearing, UC Grant will have an Allowed Secured Claim
in the amount of $7,100,000, to be paid from the Plan Sponsor
Proceeds as soon as reasonably practicable following the Effective
Date, and the remaining portion of the UC Grant Claim will be
treated as an Unsecured Claim under Class 6.
UC Grant's existing first-priority mortgage securing its asserted
claim of $25,331,435.64 against a partially completed project
would, if left in place, present a substantial obstacle to the
completion financing and historic tax credit investment on which
the redevelopment depends. Construction lenders and tax credit
investors require a senior position in the project commensurate
with the new capital they contribute.
The Debtor believes that the revised treatment with respect to the
UC Grant 1111(b) Secured Claim satisfies the confirmation
requirements of Section 1129(b) of the Bankruptcy Code because the
pledged securities portfolio, together with the subordinated
security interest on the Building and collateral maintenance
provisions contained in the Plan, provides UC Grant with the
indubitable equivalent for the UC Grant 1111(b) Secured Claim.
The Debtor further believes that the revised collateral package
substantially reduces the risks presently associated with UC
Grant's existing collateral by replacing the existing mortgage on
the Grant Building, a vacant, partially completed historic
redevelopment project, with a diversified portfolio of investment
grade securities subject to collateral maintenance requirements and
a new mortgage on the same project subordinated to construction
loan financing designed to complete the project and therefore
enhance the value of that subordinate mortgage.
Revisions to Treatment of Lincoln Claim
In the proposed Third Amended Plan, the Debtor has also made a
modification to the treatment of the Lincoln Claim under Class 5.
Under the Second Amended Plan, Lincoln Savings Bank was to receive
in full satisfaction of the Lincoln Claim $250,000 from any future
Plan Sponsor Tax Credit Payments payable to Bush following the
Effective Date.
Under the Third Amended Plan that treatment has been changed so
that Lincoln Savings Bank will receive $250,000 to be funded by a
capital contribution by Bush to the Grant ATL Equity Investors. The
capital contribution shall be made by Bush as soon as reasonably
practicable after the Effective Date, and shall be paid to Lincoln
Savings Bank immediately upon receipt by the Grant ATL Equity
Investors. The modifications to the treatment of the Class 5
Lincoln Claim were negotiated with Lincoln, and it is believed that
Lincoln will vote to accept the Third Amended Plan.
The Plan Sponsor will continue to contribute the same purchase
price contemplated by the Second Amended Plan, consisting of an
initial cash contribution of approximately $10 million, together
with contingent additional consideration tied to the future
realization of Historic Tax Credits, if earned. The amendments
instead modify only the manner in which UC Grant's secured claim
will be satisfied following its Section 1111(b) election.
Rather than receiving an immediate cash distribution from the Plan
Sponsor proceeds, UC Grant will receive the treatment described in
the Third Amended Plan through a combination of a new secured
obligation and substitute collateral intended to satisfy the
requirements of Section 1129(b)(2)(A)(iii) of the Bankruptcy Code.
A full-text copy of the First Amended Disclosure Statement dated
July 16, 2026 is available at https://urlcurt.com/u?l=353zJU from
PacerMonitor.com at no charge.
Counsel to the Debtor:
J. Robert Williamson, Esq.
Matthew W. Levin, Esq.
Scroggins, Williamson & Ray, PC
4401 Northside Parkway, Suite 230
Atlanta, GA 30327
Telephone: (404) 893-3880
Facsimile: (404) 893-3886
Email: rwilliamson@swlawfirm.com
About New Grant Acquisitions
New Grant Acquisitions, LLC is a real estate lessor with its
principal assets located at 44 Broad Street NW in Atlanta,
Georgia.
New Grant Acquisitions, LLC, sought relief under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-61599) on Oct. 6,
2025, listing as much as $10 million to $50 million in both assets
and liabilities. Brent Crittenden, authorized agent, signed the
petition.
Scroggins, Williamson & Ray, PC, serves as the Debtor's counsel.
NEW HORIZON: Leo Congeni Named Subchapter V Trustee
---------------------------------------------------
The Acting U.S. Trustee for Region 5 appointed Leo Congeni, Esq.,
at Congeni Law Firm, LLC as Subchapter V trustee for New Horizon
Learning Academy LLC.
Mr. Congeni will be paid an hourly fee of $350 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Congeni declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Leo D. Congeni
CONGENI LAW FIRM, LLC
650 Poydras Street, Suite 2750
New Orleans, LA 70130
Telephone: 504-522-4848
Facsimile: 504-910-3055
Email: leo@congenilawfirm.com
About New Horizon Learning Academy LLC
New Horizon Learning Academy, LLC filed a petition under Chapter
11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No.
26-11786) on July 21, 2026, with between $100,001 and $500,000 in
both assets and liabilities.
Judge Meredith S. Grabill presides over the case.
Rachel Thyre Vogeltanz, Esq., represents the Debtor as legal
counsel.
NORTH COUNTRY: Gets OK to Hire Brad Davis as Contractor
-------------------------------------------------------
North Country Health Care Inc. received approval from the U.S.
Bankruptcy Court for the District of Arizona to hire Brad Davis, a
professional doing business in Arizona, as contractor.
The Debtor requires the services of an experienced contractor to
assist the Wind Down Officer with the physical assessment and
condition evaluation of the Debtor's remaining real property.
Mr. Davis will be employed and compensated at an hourly fee of $250
for his time and services.
Mr. Davis is disinterested within the meaning of 11 U.S.C. Sec.
101(14), according to court filings.
The firm can be reached through:
Brad Davis
Email: bdavis@resolutecommercial.com
About North Country Health Care Inc.
North Country HealthCare, Inc. is a federally qualified community
health center in Flagstaff, Ariz., which provides comprehensive
primary and preventive healthcare services, including medical,
dental, behavioral health, and specialty care, to patients across
Northern Arizona. The organization operates clinics in 11
communities along the I-40 corridor and surrounding rural and
underserved areas, offering services such as family medicine,
pediatrics, obstetrics and gynecology, telemedicine, and health
screenings. Founded in 1991 as the Flagstaff Community Free Clinic,
it has since expanded into the region's primary community health
center. North Country HealthCare also supports education and
clinical training for healthcare students.
North Country Health Care sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on
December 19, 2025, listing between $10 million and $50 million in
both assets and liabilities.
Judge Daniel P. Collins oversees the case.
The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones
& Giles, PLC.
NORTH COUNTRY: Seeks to Hire KD Capital Auctions as Auctioneer
--------------------------------------------------------------
North Country Health Care Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Arizona to hire KD Capital
Auctions, LLC dba KD Auctions, LLC as auctioneers.
The auctioneer has agreed to assist the Debtor with liquidation of
the vehicles.
The auctioneer's fees will be a commission of 10% of the sale
proceeds.
KD Auctions, LLC is a disinterested party within the meaning of 11
U.S.C. Sec. 101(14), holds no interest adverse to the Debtor or the
bankruptcy estate, and holds no prepetition claim against the
Debtor or the bankruptcy estate, according to court filings.
The firm can be reached through:
Mike Basham
KD Capital Auctions, LLC
dba KD Auctions, LLC
7918 East McClain Drive
Scottsdale, AZ 85260
Tel: (480) 455-3910
Fax: (480) 455-3911
Email: service@kdauctions.com
About North Country Health Care Inc.
North Country HealthCare, Inc. is a federally qualified community
health center in Flagstaff, Ariz., which provides comprehensive
primary and preventive healthcare services, including medical,
dental, behavioral health, and specialty care, to patients across
Northern Arizona. The organization operates clinics in 11
communities along the I-40 corridor and surrounding rural and
underserved areas, offering services such as family medicine,
pediatrics, obstetrics and gynecology, telemedicine, and health
screenings. Founded in 1991 as the Flagstaff Community Free Clinic,
it has since expanded into the region's primary community health
center. North Country HealthCare also supports education and
clinical training for healthcare students.
North Country Health Care sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on
December 19, 2025, listing between $10 million and $50 million in
both assets and liabilities.
Judge Daniel P. Collins oversees the case.
The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones
& Giles, PLC.
NOVA TERRA: Seeks to Hire Finanzas Al Dia as Accountant
-------------------------------------------------------
Nova Terra Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Puerto to employ Luz Disla Pena of Finanzas Al Dia,
Inc. as accountant.
The firm will administer the bankruptcy proceeding and comply with
reporting requirements, including but not limited to monthly
operating reports and financial analysis.
The firm will be paid at $125 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Luz Disla Peña, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Luz Disla Peña
Finanzas Al Dia, Inc.
Calle Delbrey 185
San Juan, PR 00911
Tel. (787) 724-3234
Email: ldisla@finanzasaldia.com
About Nova Terra Inc.
Nova Terra Inc. is an e-waste and industrial waste recycling
company in Puerto Rico founded in 1996. The company provides IT
recycling and reuse, asset management, data destruction, logistics
and warehousing, appliance recycling, and material processing and
recovery services. It also performs processing, disassembly,
analysis, refurbishment, and parts recovery for electronic
equipment, serving businesses and organizations in industries
including pharmaceuticals and manufacturing. Its work covers
computers, telecommunications equipment, manufacturing machinery,
and electrical and electronic devices.
Nova Terra Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 26-02364)
on May 26, 2026, listing $385,208 in assets and $1,259,466 in
liabilities. The petition was signed by Vanessa Piereschi Fernandez
as president.
Noemi Landrau Rivera, Esq. at LANDRAU RIVERA & ASSOC. serves as the
Debtor's counsel.
NUWELLIS INC: Stockholders OK Reverse Split, Warrant Share Issuance
-------------------------------------------------------------------
Nuwellis, Inc., on July 24, 2026, held a special meeting of
stockholders, which was conducted in a virtual format via live
webcast, at which the following proposals were brought before the
meeting:
1. To approve the issuance of shares of Common Stock in
accordance with Nasdaq Listing Rule 5635(d) and Nasdaq's
interpretations and guidance thereunder pursuant to the exercise of
warrants sold in the Company's financing transaction that closed on
June 8, 2026 and outstanding warrants that were repriced in
connection therewith.
2. To approve an amendment to the Fourth Amended and Restated
Certificate of Incorporation, as amended, to effect a reverse split
of our outstanding common stock at a ratio in the range of 1-for-5
to 1-for-70, to be determined at the discretion of our Board of
Directors, whereby each outstanding 5 to 70 shares of common stock
would be combined, converted and changed into 1 share of our common
stock, to enable the Company to comply with the Nasdaq Stock
Market's continued listing requirements, which such approval
granted to the Board of Directors shall be effectuated, in the
discretion of the Board of Directors, if at all, within twelve
months after the date that the Company's stockholders approve this
proposal.
3. To authorize one or more adjournments of the Special
Meeting to solicit additional proxies in the event there are
insufficient votes to approve Proposals 1 or 2.
The affirmative vote of holders of a majority of the votes cast at
the Special Meeting is required to pass each of Proposals 1 and 2.
The affirmative vote of holders of a majority of the shares
entitled to vote and present at the Special Meeting, in person or
by proxy, is required for Proposal 3. The proposals are described
in detail in the Company's definitive proxy statement filed on July
7, 2026, with the Securities and Exchange Commission.
A total of 1,490,999 shares of the Company's common stock were
present at the Special Meeting in person or by proxy, which
represents approximately 46.20% of the shares of common stock
outstanding as of the record date for the Special Meeting.
The results of the voting are:
Proposal 1 – Approval of the issuance of shares of Common Stock
in accordance with Nasdaq Listing Rule 5635(d) and Nasdaq's
interpretations and guidance thereunder pursuant to the exercise of
warrants sold in the Company's financing transaction that closed on
June 8, 2026 and outstanding warrants that were repriced in
connection therewith.
* Votes For: 477,084
* Votes Against: 216,196
* Votes Abstain: 250
Proposal 2 – Approval of an amendment to the Company's Fourth
Amended and Restated Certificate of Incorporation, as amended, to
effect a reverse split of our outstanding common stock at a ratio
in the range of 1-for-5 to 1-for-70, to be determined at the
discretion of the Board of Directors, whereby each outstanding 5 to
70 shares of common stock would be combined, converted and changed
into 1 share of the Company's common stock, to enable the Company
to comply with the Nasdaq Stock Market's continued listing
requirements, which such approval granted to the Board of Directors
shall be effectuated, in the discretion of the Board of Directors,
if at all, within 12 months after the date that the Company's
stockholders approve this proposal.
* Votes For: 1,172,689
* Votes Against: 310,588
* Votes Abstain: 7,722
Proposal 3 - Authorization of one or more adjournments of the
Special Meeting to solicit additional proxies in the event there
are insufficient votes to approve Proposal 1 and Proposal 2.
* Votes For: 1,235,430
* Votes Against: 255,223
* Votes Abstain: 344
About Nuwellis
Nuwellis, based in Eden Prairie, Minnesota, develops, manufactures
and commercializes medical devices used in ultrafiltration therapy,
including the Aquadex System. The Company focuses on cardiorenal
care and fluid management for patients. Its Aquadex SmartFlow
system is indicated for temporary or extended use in adult and
pediatric patients weighing 20 kilograms or more whose fluid
overload is unresponsive to medical management, including
diuretics. Fluid overload, also known as hypervolemia, occurs when
too much fluid builds up in the blood, vital organs, and
interstitial space.
Minneapolis, Minnesota-based Baker Tilly US, LLP, the Company's
auditor since 2017, issued a "going concern" qualification in its
report dated March 11, 2026, attached to the Company's Annual
Report for the fiscal year ended Dec. 31, 2025, citing that the
Company has recurring losses from operations, an accumulated
deficit, expects to incur losses for the foreseeable future, and
needs additional working capital. These are the conditions that
raise substantial doubt about its ability to continue as a going
concern.
As of March 31, 2026, the Company had $6.96 million in total
assets, $4.29 million in total liabilities, and $2.66 million in
total stockholders' equity.
OCEAN POWER: Chairman Terence Cryan Steps Down After 14 Years
-------------------------------------------------------------
Ocean Power Technologies, Inc. said in a regulatory filing with the
Securities and Exchange Commission that Terence J. Cryan retired
from the Company's Board of Directors, effective immediately.
Mr. Cryan notified the Board of his decision on July 20, 2026. The
Company said his resignation was not the result of any disagreement
with management or the Company.
The Company also thanked Mr. Cryan for his 14 years of service as
Chairman of the Board and director, recognizing his dedication and
contributions during his tenure.
About Ocean Power
Ocean Power Technologies, Inc. --
http://www.oceanpowertechnologies.com/-- provides intelligent
maritime solutions and services that enable safer, cleaner, and
more productive ocean operations for the defense and security, oil
and gas, science and research, and offshore wind markets including
Merrows(TM), which provides AI-capable seamless integration of
Maritime Domain Awareness Systems across platforms. The Company's
PowerBuoy(R) platforms provide clean and reliable electric power
and real-time data communications for remote maritime and subsea
applications. The Company also provide WAM-V(R) autonomous surface
vessels (ASVs) and marine robotics services. The Company's
headquarters is located in Monroe Township, New Jersey and has an
additional office in Richmond, California.
The Company stated that its current cash balance may not be
sufficient to fund its planned expenditures through 12 months from
March 17, 2026, the filing date of the Company's Form 10-Q for the
quarterly period ended Jan. 31, 2026. These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.
As of Jan. 31, 2026, the Company had $41.1 million in total assets,
$21.1 million in total liabilities, and $20.1 million in total
stockholders' equity.
ODYSSEY MARINE: Receives Nasdaq Minimum Bid Price Deficiency Notice
-------------------------------------------------------------------
Odyssey Marine Exploration, Inc. said in a regulatory filing with
the Securities and Exchange Commission that, on July 21, 2026, it
was notified by the Listing Qualifications Department of the Nasdaq
Capital Market that the Company did not satisfy the $1.00 minimum
bid price requirement for 30 consecutive business days, as required
under Nasdaq Listing Rule 5550(a)(2). In accordance with the Nasdaq
Listing Rules, the Company has a 180-calendar day period, ending
January 19, 2027, to regain compliance with the minimum bid price
requirement. To become compliant, the Company must evidence a
closing bid price of at least $1.00 per share of its common stock
for a minimum of ten consecutive business days.
If the Company does not regain compliance with the minimum bid
price requirement by Jan. 19, 2027, the Company may be eligible for
an additional 180-calendar day compliance period.
To qualify, the Company would be required to meet the continued
listing requirement for market value of publicly held shares and
all other initial listing standards for the Nasdaq Capital Market,
with the exception of the minimum bid price requirement, and would
need to provide written notice to Nasdaq of its intention to cure
the deficiency during the second compliance period. If it appears
to the Nasdaq staff that the Company will not be able to cure the
deficiency, or if the Company is otherwise not eligible for the
additional compliance period, Nasdaq will provide written notice to
the Company that its securities are subject to delisting, and at
that time the Company may appeal the delisting determination to a
hearing panel. The notice has no immediate impact on the listing of
the Company's securities on Nasdaq.
As previously disclosed on June 1, 2026, the Company's stockholders
approved a reverse stock split of the Company's common stock at a
ratio in the range of 1-for-20 and 1-for-25. The Company expects
that the Reverse Stock Split will enable it to regain compliance
with the Nasdaq Listing Rules prior to the effective time of the
merger with American Ocean Minerals Corporation previously
disclosed on April 8, 2026.
About Odyssey Marine
Odyssey Marine Exploration, Inc. and its subsidiaries are engaged
in deep-ocean exploration. Their innovative techniques are
currently applied to mineral exploration and other marine survey
and contracted services. The corporate headquarters are in Tampa,
Florida.
Tampa, Florida-based Grant Thornton LLP, 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
incurred a net loss of $48.5 million during the year ended Dec. 31,
2025, and as of that date, the Company's current liabilities
exceeded its current assets by $7.3 million, and its total
liabilities exceeded its total assets by $75.5 million. These
conditions, along with other matters, raise substantial doubt about
the Company's ability to continue as a going concern.
As of March 31, 2026, the Company had $13.4 million in total
assets, $84.2 million in total liabilities, and $70.8 million in
total stockholders' deficit.
OMNIS PLEASANTS: Ch. 11 Filing Aims to Support Sale, Restructuring
------------------------------------------------------------------
Omnis Pleasants, LLC dba Pleasants Power Station announced that it
has filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code in the District of Delaware. Pleasants is
taking this action to facilitate restructuring negotiations between
stakeholders and to support a sale process. Pleasants' leadership
and staff remain focused on continuing to work to improve the
reliability and performance of the power plant and to further
strengthen the company's financial position.
Management Commentary
David Hindman, CEO of Pleasants, stated, "After careful
consideration, the management team of Pleasants, as well as its
legal counsel and advisors, believe that initiating a Chapter 11
process is the best path forward to achieve a resolution that is
best for all stakeholders. It is top of mind and our goal to
achieve a full recovery to the State of West Virginia and ensure a
successful future for Pleasants Power Station while honoring our
obligations to PJM, vendors and employees. Current management of
Pleasants will remain in place to work collaboratively with the
State of West Virginia and all stakeholders to ensure the best
possible outcome."
Uninterrupted Operations Throughout the Duration of the Process
The Company has filed customary "first day motions" with the
bankruptcy court. Pending approval from the court, these motions
will allow the Company to continue normal business and operations,
including honoring its obligations to PJM and using its cash
management system to facilitate payment of wages, pay vendors
post-petition, participate in energy trading activities and pay
other upcoming obligations. We also expect in the coming days to
seek bankruptcy court approval to continue our sale process, which
Pleasants expects will culminate in an independent third party
purchasing the Pleasants Power Station, ensuring its continued
successful operation.
Additional Information
Court filings and Chapter 11 case information can be found online
through the Company's claims agent at
cases.stretto.com/pleasantspowerstation
About Omnis Pleasants LLC
The Pleasants Power Station is a 1,278 megawatt coal fired power
plant that provides critical generation capacity to the regional
market, supports grid reliability and employs a dedicated workforce
of nearly 140 West Virginians.
ONE GATEWAY: Amends Unsecured Claims Pay Details
------------------------------------------------
One Gateway Blvd., LLC submitted a Second Amended Disclosure
Statement describing Plan of Reorganization dated July 16, 2026.
In July 2019, the Debtor purchase a commercial tract and
improvements located at 1 Gateway Blvd., E., Savannah, Georgia,
Chatham County Tax Parcel No. 1-1028-01-07 which consisted of a 120
room hotel and restaurant ("Hotel") off of Interstate 95.
Necessary repairs (e.g. water leaks) and upgrades to increase
occupancy and modernize the property placed financial strain on the
Debtor. As a result, the Debtor began marketing the Hotel and was
able to find a buyer. As part of the process the Debtor ceased
operation of the Hotel in the third quarter of 2025. Debtor was
able to obtain a buyer, but due to financial issues of the buyer,
the buyer was unable to close as planned in the fourth quarter of
2025.
As a result, the first lienholder on the Hotel moved to foreclose
on the Hotel. Debtor had multiple offers on the Hotel sufficient to
pay the first lienholder in full and a letter of intent from one
buyer while the foreclosure was pending. As such, the Debtor filed
this bankruptcy to effectuate a sale of the assets of the Debtor
and maximize the return for all creditors of the Debtor.
The Debtor believes that the going concern value of the business is
sufficient to pay substantial dividends on all unsecured claims
through reorganization. The Debtor's goal is a substantial
principal payout to all creditors.
The breathing spell afforded by the Chapter 11 filing has enabled
the Debtor to concentrate on means of generating income. The Debtor
through complete of the construction project will be able to
monetize the Property for the repayment of creditors.
Class 4 shall consist of General Unsecured Claims, including
deficiency claims pursuant to Sections 506 and 522(f) of the
Bankruptcy Code, claims arising out of the rejection of a lease or
executory contract pursuant to Section 365 and 502(b)(6) of the
Bankruptcy Code and allowed unsecured portion of a Claim in Class 1
through Class 3 of this Plan, if any. A claim which is disallowed
by operation of law for failure to file a required proof of claim
pursuant to Bankruptcy Rule 3003(b)(1) shall receive no
distribution pursuant to Class 4.
The Debtor shall pay Holders of Allowed General Unsecured Claims
the greater of $10,000.00 or the net proceeds of any recovery on
the claims against (i) NPS Property Holdings 2, Inc. and Nikolai
Semenchine; and (ii) 5th Street Capital Partners, LLC (collectively
"Breach of Contract Claims") ("Unsecured Creditors Payment"). The
"net proceeds of any recovery" on the Breach of Contract Claims
shall be the amount actually received by the Debtor pursuant to any
settlement, judgment, arbitration award, or any other enforceable
agreement, order, or award minus any and all costs associated with
the collection of the net proceeds, including, but not limited to,
reasonable attorneys’ fees and costs ("Resolution Amount").
The Debtor shall pay the net proceeds to Holders of Allowed General
Unsecured Claims on a prorate basis as to any recovery on the
Breach of Contract Claims within 30 days of the receipt of the full
amount to be paid to the Debtor under any Resolution Amount as to
any of the Breach of Contract Claims (as opposed to the full
collection on all of the Breach of Contract Claims); provided,
however, the Debtor may distributed to Holders of Allowed General
Unsecured Claims prior to the collection of the full amount to be
received under any Resolution Amount at the discretion of the
Debtor.
In the event, the Debtor does not receive any Resolution Amount, or
is not entitled to receive any Resolution Amount on or before the
second (2) anniversary of the Effective Date of the Plan the Debtor
shall pay a prorated amount of $10,000.00 to Holders of Allowed
General Unsecured Claims which in the event the Debtor is still
pursuing the Breach of Contract Claims shall be an amount paid in
addition to, not in lieu of, any Resolution Amount. Debtor shall
retain the sole discretion to abandon the pursue of any of the
Breach of Contract Claims, and in such event, the Debtor shall
provide in written notice to Holders of Allowed General Unsecured
Claims within 30 days of such decision.
Notwithstanding any provision to the contrary, in the event the
Holder of an Allowed General Unsecured Claim shall receive an
aggregate distribution of $15.00 or less under the terms of the
Plan, the Debtor shall be authorized to make a single distribution
to the Holder of the Allowed General Unsecured Claim of the total
amount to be received under the terms of the Plan on the first
annual installment payment date established in Class 3 as payment
in full of the obligations of the Debtor to the Holder of such an
Allowed General Unsecured Claim; provided, however, that if the
Debtor does not make a distribution to a Holder of an Allowed
General Unsecured Claim who shall receive an aggregate distribution
of $15.00 or less under the terms of the Plan as permitted under
this Paragraph of Class 3, the Debtor shall make the distribution
in accordance with Bankruptcy Rule 3010(b).
The Claims of the Creditors of Class 4 are Impaired by the Plan and
the Holders of Allowed General Unsecured Claims are entitled to
vote.
Class 5 shall consist of all common equity holders in the Debtor.
On the Effective Date of the Plan, all Equity Security Holders
shall retain their interest in the Debtor in the same percentage
and amount as of the Filing Date. This Class shall be presumed to
accept the Plan pursuant to section 1126(f).
The $500.00 contribution by each Equity Security Holders of the
Debtor and their personal guarantee of obligations under the Plan
is called "new value." New value is the vehicle through which
current equity holders purchase the equity interest of the
reorganized debtor. However, in Bank of America National Trust and
Savings Association v. 203 North LaSalle Street Partnership, 119
S.Ct. 1411 (1999) the United States Supreme Court ruled that the
efforts of existing equity interest holders to purchase the equity
interest of the reorganized debtor must be subject to competing
bids from the marketplace.
A full-text copy of the Second Amended Disclosure Statement dated
July 16, 2026 is available at https://urlcurt.com/u?l=h190ZV from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Jon A. Levis, Esq.
LEVIS LAW FIRM, LLC
Post Office Box 129
Swainsboro, GA 30401
Telephone: (478) 237-7029
Email: levis@merrillstone.com
About One Gateway Blvd., LLC
One Gateway Blvd., LLC is a single-asset real estate company that
owns and operates a hospitality property located at 1 East Gateway
Boulevard in Savannah, Georgia, with operations focused on the
ownership and management of a hotel property serving the local
traveler accommodation market.
One Gateway Blvd., LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ga. Case No.
25-40010) on Jan. 6, 2026, listing $1 million to $10 million in
both assets and liabilities. The petition was signed by Mark
Edwards as managing member.
Jon Levis, at LEVIS LAW FIRM, LLC, is serving as counsel to the
Debtor.
OPTIMAL BEGINNINGS: Gets Final OK to Use Cash Collateral
--------------------------------------------------------
Optimal Beginnings, LLC received final approval from the U.S.
Bankruptcy Court for the District of Maryland, Greenbelt Division,
to use cash collateral to fund operations while its Chapter 11 case
proceeds.
The court authorized the Debtor to continue using its pre-petition
cash collateral in accordance with the approved budget for business
expenses. This authorization remains in effect throughout the
Chapter 11 case unless modified or terminated by a further court
order.
The Debtor's cash collateral consists primarily of income generated
from its operation and pre-petition funds held in its bank
accounts. As of the petition date, the Debtor maintained four
business checking accounts: one at Atlantic Union Bank and three at
PNC Bank.
The Debtor identified the U.S. Small Business Administration as the
creditor with a first priority security interest based on a UCC
filing.
As adequate protection, the SBA and other lenders will be granted
replacement liens on all post-petition assets of the Debtor but
only to the extent that the use of cash collateral results in a
decline in the value of their pre-petition collateral. These
replacement liens maintain the same validity, extent, and priority
as the lenders’ pre-petition security interests.
The order further provides that the liens and other protections
granted to the lenders will survive confirmation of any Chapter 11
plan and remain in full force unless modified by a subsequent order
of the bankruptcy court.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/Hfltb from PacerMonitor.com.
About Optimal Beginnings LLC
Optimal Beginnings, LLC is a Rockville, Maryland-based provider of
applied behavior analysis (ABA) therapy services. It operates
clinical offices in Rockville, Maryland, and Vienna, Virginia,
offering ABA therapy, speech-language pathology, and social skills
training through a multidisciplinary team led by Chief Executive
Officer Dana Visalli-Gold.
Optimal Beginnings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 26-16529) on June 28, 2026.
At the time of the filing, the Debtor reported assets of up to
$50,000 and liabilities of between $1 million and $10 million.
Judge Lori S. Simpson oversees the case.
The Debtor is represented by Daniel Alan Staeven, Esq., at Frost &
Associates, LLC.
OT ASPEKT: Seeks to Hire Alla Kachan P.C. as Attorney
-----------------------------------------------------
Ot Aspekt & Chiropractic PLLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Alla Kachan, P.C. as attorney.
The firm will provide these services:
a. assist Debtor in administering this case;
b. making such motions or taking such action as may be
appropriate or necessary under the Bankruptcy Code;
c. represent Debtor in prosecuting adversary proceedings to
collect assets of the estate and such other actions as Debtor deem
appropriate;
d. take such steps as may be necessary for Debtor to marshal
and protect the estate's assets;
e. negotiate with Debtor's creditors in formulating a plan of
reorganization for Debtor in this case;
f. draft and prosecute the confirmation of Debtor's plan of
reorganization for Debtor in this case;
g. render such additional services as Debtor may require in
this case.
The firm will be paid at these rates:
Attorney $550 per hour
Clerk's and paraprofessional $250 per hour
The firm will be paid a retainer in the amount of $18,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Alla Kachan, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Alla Kachan, Esq.
Law Offices of Alla Kachan, P.C.
2799 Coney Island Avenue, Suite 202
Brooklyn, NY 11235
Tel: (718) 513-3145
About OT Aspekt & Chiropractic PLLC
Ot Aspekt & Chiropractic PLLC filed a Chapter 11 bankruptcy
petition (Bankr. E.D.N.Y. Case No. 1-26-42600) on May 28, 2026.
The Debtor hires Alla Kachan, P.C. as attorney.
OTIS WORLDWIDE: Liabilities Exceed Assets by $5.7-Bil. at June 30
-----------------------------------------------------------------
Otis Worldwide Corporation's stockholder's deficit was US$5.7
billion at June 30, 2026. The stockholder's deficit was US$5.4
billion at Dec. 31, 2025.
At June 30, 2026, the Company had total assets of US$11.2 billion
and total liabilities of US$16.6 billion. At Dec. 31, 2025, the
Company had total assets of US$10.7 billion and total liabilities
of US$15.9 billion.
The Company said: "We expect to fund our ongoing operating,
investing and financing requirements mainly through cash flows from
operations, available liquidity through cash on hand, available
bank lines of credit and access to capital markets."
As of June 30, 2026, the Company disclosed it had cash and cash
equivalents of US$813.0 million, of which approximately 73% was
held by the Company's foreign subsidiaries. The Company manages its
worldwide cash requirements by reviewing available funds among the
many subsidiaries through which it conducts its business and the
cost-effectiveness with which those funds can be accessed. On
occasion, the Company is required to maintain cash deposits with
certain banks with respect to contractual obligations related to
acquisitions and divestitures or other legal obligations. As of
June 30, 2026, and Dec. 31, 2025, the amount of such restricted
cash was US$36.0 million and US$9.0 million, respectively.
The Company said: "From time to time we may need to access the
capital markets to obtain financing. We may incur indebtedness or
issue equity as needed. Although we believe that the arrangements
in place as of June 30, 2026 permit us to finance our operations on
acceptable terms and conditions, our access to, and the
availability of, financing on acceptable terms and conditions in
the future could be impacted by many factors, including (1) our
credit ratings or absence of a credit rating, (2) the liquidity of
the overall capital markets and (3) the current state of the
economy, including tighter credit conditions. There can be no
assurance that we will continue to have access to the capital
markets on terms acceptable to us."
As of June 30, 2026, the Company said it had cash and cash
equivalents of US$813.0 million and total debt of US$8.4 billion,
resulting in net debt of US$7.6 billion. Total equity was a deficit
of US$5.6 billion, and total capitalization (total debt plus total
equity) was US$2.9 billion. As of that date, the Company had a
US$1.5 billion unsecured, unsubordinated five-year revolving credit
facility and a US$1.5 billion commercial paper program, both of
which were undrawn.
On March 16, 2026, the Company repaid Japanese yen–denominated
0.370% notes due in 2026 using cash on hand, and on May 7, 2026,
the Company issued US$700.0 million of unsecured, unsubordinated
three-year notes due May 7, 2029, with an interest rate of 4.488%,
with a majority of the proceeds expected to fund the repayment at
maturity of euro-denominated 0.318% notes due Dec. 15, 2026, and
the remainder used to repay certain commercial paper borrowings and
for general corporate purposes.
A full-text copy of the Form 10-Q is available at
https://www.sec.gov/Archives/edgar/data/1781335/000178133526000113/otis-20260630.htm
About Otis Worldwide Corporation
Otis Worldwide Corporation is a global manufacturer, installer and
servicer of elevators, escalators and related mobility solutions
for residential, commercial and infrastructure projects. The
company operates through a broad international network, providing
maintenance and modernization services in addition to new
equipment, and serves building owners, developers and
transportation authorities worldwide.
OUTLOOK THERAPEUTICS: CEO, CFO Granted Options, FDA-Linked Bonuses
------------------------------------------------------------------
Outlook Therapeutics, Inc. said in a regulatory filing with the
Securities and Exchange Commission that on July 21, 2026, the
Compensation Committee of the Board of Directors approved the grant
of stock options to purchase shares of the Company's common stock
to the Company's named executive officers as follows: Robert C.
Jahr, the Company's Chief Executive Officer - 100,000 options and
Lawrence A. Kenyon, the Company's Chief Financial Officer –
210,078 options.
The Option Awards were granted pursuant to the Company's 2024
Equity Incentive Plan and the Company's standard form of stock
option agreement thereunder, with an exercise price of $1.4304 per
share, the closing price of the Company's common stock on The
Nasdaq Capital Market on the grant date. The Option Awards will
vest and become exercisable on July 21, 2027, subject to the
applicable officer's continuing service with the Company through
such vesting date.
The Option Awards were granted in recognition of Mr. Jahr's and Mr.
Kenyon's efforts and contributions during 2025 and 2026 in
advancing the Company's Biologics License Application for ONS-5010
(bevacizumab-vikg) through the review and appeal processes with the
U.S. Food and Drug Administration.
In addition, on July 21, 2026, the Compensation Committee approved
the award of cash bonus opportunities to Mr. Jahr and Mr. Kenyon in
the amounts of $420,000 and $200,000, respectively. Each Bonus will
be earned and become payable only in the event that, on or prior to
July 31, 2026, the FDA approves ONS-5010 (bevacizumab-vikg) and
renders a favorable decision with respect to the Company's BLA. The
Compensation Committee awarded the Bonuses in recognition of Mr.
Jahr and Mr. Kenyon's contributions to the advancement of the
ONS-5010 (bevacizumab-vikg) BLA and the Company's non-payment of
annual bonuses for their 2025 service. Each Bonus, if earned, will
be paid, less applicable deductions and withholdings, subject to
the applicable officer's continuing service with the Company
through the date of payment.
About Outlook Therapeutics
Outlook Therapeutics, Inc. is an Iselin, New Jersey,
biopharmaceutical company that has developed ONS-5010/LYTENAVA, an
ophthalmic formulation of bevacizumab for wet age-related macular
degeneration. The product has been approved in the European Union
and the United Kingdom, and the company launched directly into
initial markets in Germany and the UK in June 2025.
In an audit report dated Dec. 19, 2025, KPMG LLP included a going
concern qualification, stating that Outlook Therapeutics had
incurred recurring losses from operations, negative cash flows from
operations and an accumulated deficit. These conditions raised
substantial doubt about the company's ability to continue as a
going concern.
As of March 31, 2026, Outlook Therapeutics reported total assets of
$21.89 million, total liabilities of $50.89 million and total
stockholders' deficit of $28.99 million.
PARADISE ALLEY: Seeks to Tap Derbes Law Firm as Bankruptcy Counsel
------------------------------------------------------------------
Paradise Alley, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to hire The Derbes Law Firm,
L.L.C. as counsel.
The firm will provide these services:
(a) providing legal advice with respect to its powers and
duties as debtor-in-possession in the continued management of its
business and property;
(b) attending meetings with representatives of its creditors
and other parties in interest;
(c) taking all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on the
Debtor's behalf, the defense of any action commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
or may become involved, and objections to claims to be filed by the
estate;
(d) preparing on behalf of the Debtor motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;
(e) negotiating and preparing on the Debtor's behalf a plan
of reorganization, disclosure statement, and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plan;
(f) appearing before the Court to protect the interests of
the Debtor;
(g) performing all other necessary legal services and
providing all necessary legal advice in connection with the Chapter
11 case;
(h) advising the Debtor concerning executory contract and
unexpired lease assumptions, assignments and rejections, and lease
restructuring and recharacterizations; and
(i) commencing and conducting litigation necessary to assert
rights, protect assets, or further the Debtor's reorganization.
The firm charges at these hourly rates:
Albert J. Derbes, IV, Esq. $500
Eric J. Derbes, Esq. $480
Wilbur J. "Bill" Babin, Jr., Esq. $500
Beau P. Sagona, Esq. $500
Frederick L. Bunol, Esq. $400
Bryan J. O'Neill, Esq. $340
Jared S. Scheinuk, Esq. $340
Mark S. Goldstein, Esq. $495
Patrick S. Garrity, Esq. $500
McKenna D. Dorais, Esq. $250
Theresa Leith, Esq. $200
Hugh J. Posner, CPA $275
Notary $100
Paralegal(s) $120
Legal Assistant $60
The firm applied $6,900 from the retainer of $21,000 for services
rendered in contemplation of the filing, and $1,738 for expenses,
including the chapter 11 filing fee.
The Derbes Law Firm, L.L.C. is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings.
The firm can be reached at:
Patrick S. Garrity, Esq.
Frederick L. Bunol, Esq.
THE DERBES LAW FIRM, L.L.C.
3027 Ridgelake Drive
Metairie, LA 70002
Telephone: (504) 207-0920
Facsimile: (504) 832-0322
E-mail: pgarrity@derbeslaw.com
About Paradise Alley, LLC
Paradise Alley, LLC is a Mandeville, Louisiana-based family
entertainment center offering bowling, arcade games, dining, and
live entertainment. The company operates a 35,000-square-foot venue
featuring 32 bowling lanes, a modern arcade with a video wall, a
full-service dining area, and a dance hall. The facility opened in
March 2025 following a $2 million renovation of the former Tiffany
Lanes property.
Paradise Alley, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. La. Case No. 26-11679) on July 9,
2026. In its petition, the debtor reported estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
Honorable Bankruptcy Judge handles the case.
The debtor is represented by Patrick S. Garrity, Esq., of The
Derbes Law Firm, LLC.
PARI & GERSHON: Hires David C. Johnston as Attorney
---------------------------------------------------
Pari & Gershon Incorporated seeks approval from the U.S. Bankruptcy
Court for the Eastern District of California to employ David C.
Johnston as attorney.
The firm's services include:
a. giving the Debtor legal advice about various bankruptcy
options, including relief under Chapters 7 and 11, and legal advice
about non-bankruptcy alternatives for dealing with the claims
against it;
b. giving the Debtor in Possession legal advice about its
rights, powers, and obligations in the Chapter 11 case and in the
management of the estate;
c. taking necessary action to enforce the automatic stay and
to oppose motions for relief from the automatic stay;
d. Taking necessary action to recover and avoid any
preferential or fraudulent transfers and to exercise the Debtor in
Possession's strong-arm powers;
e. appearing with the Debtor's Chief Executive Officer at the
meeting of creditors, status conference, and other hearings held
before the Court;
f. reviewing and if necessary, objecting to proofs of claim;
g. taking steps to obtain Court authority for the sale or
refinancing of assets if necessary;
h. preparing a plan of reorganization and taking all steps
necessary to bring the plan to confirmation, if possible; and
i. representing the Debtor in Possession in all adversary
proceedings and other matters before this Court.
The firm will be paid at $500 per hour.
The firm received a retainer in the amount of $5,000
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Johnston disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
David C. Johnston, Esq.
1600 G Street, Suite 102
Modesto, California 95354
Telephone: (209) 579-1150
Facsimile: (209) 900-9199
About Pari & Gershon Incorporated
Pari & Gershon Incorporated sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-12606) on
June 1, 2026, with $0 to $50,000 in assets and $100,001 to $500,000
in liabilities.
Judge Jennifer E. Niemann presides over the case.
David C. Johnston, Esq. represents the Debtor as legal counsel.
PAULA J. KRUPPSTADT: Melissa Haselden Named Subchapter V Trustee
----------------------------------------------------------------
The U.S. Trustee for Region 7 appointed Melissa Haselden, Esq., at
Haselden Farrow, PLLC as Subchapter V trustee for Paula J.
Kruppstadt, M.D., P.A.
Ms. Haselden will be paid an hourly fee of $625 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Haselden declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Melissa A. Haselden, Esq.
Haselden Farrow, PLLC
700 Milam, Suite 1300
Pennzoil Place
Houston, TX 77002
Telephone: (832) 819-1149
Facsimile: (866) 405-6038
mhaselden@haseldenfarrow.com
About Paula J. Kruppstadt M.D.
Paula J. Kruppstadt, M.D., P.A. sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-35203)
on July 19, 2026, with $100,001 to $500,000 in assets and
$1,000,001 to $10 million in liabilities.
Judge Jeffrey P. Norman presides over the case.
Donald L. Wyatt, Esq., at Attorney Donald Wyatt, PC represents the
Debtor as legal counsel.
PAXTON & ASSOCIATES: Gets OK to Use Cash Collateral Until Sept. 18
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Ohio,
Eastern Division, entered a further interim order authorizing
Paxton & Associates Trucking, LLC and its affiliated debtors to
continue using cash collateral.
Under the interim order, the Debtors are authorized to use cash
collateral through September 18 in accordance with the
court-approved budget. The funds may be used to pay ordinary
operating expenses, including payroll, lease payments, taxes,
insurance, utilities, and other necessary business costs.
As adequate protection for secured creditors, including Commercial
Credit Group, Inc., Equify Financial, LLC, the Small Business
Administration, and various merchant cash advance lenders, the
court granted automatically perfected replacement liens to the
extent of any post-petition decline in the value of their
collateral. These replacement liens maintain the same validity and
priority as the creditors' pre-petition liens but exclude avoidance
actions under the Bankruptcy Code.
Additionally, the Debtors resolved Commercial Credit Group's
separate adequate protection motion by agreeing to provide monthly
payments to the creditor.
The order preserves creditors' rights to seek additional adequate
protection, relief from the automatic stay, appointment of a
trustee or examiner, or conversion of the cases if appropriate. It
also allows parties in interest to challenge the validity,
perfection, or priority of secured claims within the specified
deadline after the Section 341 meeting. Professional fees approved
by the Court may be paid from cash collateral.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/1jNNF from PacerMonitor.com.
A further hearing is scheduled for September 15, with objections
due by September 11.
About Paxton & Associates Trucking LLC
Paxton & Associates Trucking, LLC, based in Uniontown, Ohio,
operates as a trucking company providing general freight
transportation services. It serves commercial customers and
operates on local and intrastate routes.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-50678) on April 23,
2026. In the petition signed by John Chafe, managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.
Judge Alan M. Koschik oversees the case.
Steven J. Heimberger, Esq., at Roderick Linton Belfance, LLP,
represents the Debtor as legal counsel.
PERASO INC: Receives Nasdaq Minimum Bid Price Deficiency Notice
---------------------------------------------------------------
Peraso Inc. said in a regulatory filing with the Securities and
Exchange Commission that, on July 21, 2026, it received a letter
from the Listing Qualifications Staff of The Nasdaq Stock Market
LLC indicating that, based upon the closing bid price of the
Company's common stock for the 30 consecutive business days ended
July 20, 2026, the Company no longer meets the requirement to
maintain a minimum bid price of $1 per share, as set forth in
Nasdaq Listing Rule 5550(a)(2).
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
has been provided a period of 180 calendar days, or until Jan. 19,
2027, in which to regain compliance. In order to regain compliance
with the minimum bid price requirement, the closing bid price of
the Company's Common Stock must be at least $1 per share for a
minimum of ten consecutive business days during this 180-day
period.
In the event the Company does not regain compliance within this
180-day period, the Company may be eligible to seek an additional
compliance period of 180 calendar days provided it meets the
continued listing requirement for market value of publicly held
shares and all other initial listing standards for the Nasdaq
Capital Market, with the exception of the bid price requirement,
and further provides written notice to Nasdaq of its intent to cure
the deficiency during this second compliance period by effecting a
reverse stock split, if necessary.
However, if it appears to the Nasdaq staff that the Company will
not be able to cure the deficiency, or if the Company is otherwise
not eligible, Nasdaq will provide notice to the Company that its
Common Stock will be subject to delisting.
The letter does not result in the immediate delisting of the Common
Stock from the Nasdaq Capital Market. The Company is monitoring the
closing bid price of its Common Stock and considering its available
options in the event the closing bid price of the Common Stock
remains below $1 per share.
About Peraso Inc.
Headquartered in San Jose, California, Peraso Inc. --
https://www.perasoinc.com -- is a pioneer in high-performance 60
GHz unlicensed and 5G mmWave wireless technology, offering
chipsets, antenna modules, software and IP. Peraso supports a
variety of applications, including fixed wireless access, immersive
video and factory automation. In addition, Peraso's solutions for
data and telecom networks focus on Accelerating Data Intelligence
and Multi-Access Edge Computing, providing end-to-end solutions
from the edge to the centralized core and into the cloud.
As of March 31, 2026, the Company had $6.4 million in total assets,
$1.8 million in total liabilities, and $4.6 million in total
stockholders' equity.
Los Angeles, California-based Weinberg & Company, the Company's
auditor since 2020, 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
during the year ended Dec. 31, 2025, the Company incurred a net
loss and used cash in operations. These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.
PERASO INC: Schedules 2026 Annual Meeting for September 10
----------------------------------------------------------
Peraso Inc. said in a regulatory filing with the Securities and
Exchange Commission that, on July 20, 2026, the board of directors
set Sept. 10, 2026, as the date of the Company's 2026 Annual
Meeting of Stockholders.
The 2026 Annual Meeting will be a virtual meeting. Stockholders of
record at the close of business on July 20, 2026 will be entitled
to notice of and to vote at the 2026 Annual Meeting. Because the
date of the 2026 Annual Meeting is more than 30 days before the
anniversary date of the 2025 Annual Meeting of Stockholders, the
Company is providing the due date for submission of any qualified
stockholder proposal or qualified stockholder nominations.
Stockholders of the Company who wish to have a proposal considered
for inclusion in the Company's proxy materials for the 2026 Annual
Meeting pursuant to Rule 14a-8 under the Securities Exchange Act of
1934, as amended, must ensure that such proposal is received by the
Company's Secretary at its principal executive offices at the
address set forth above on or prior to 5:00 p.m. (ET) on Aug. 3,
2026, which the Company has determined to be a reasonable time
before it expects to begin to print and send its proxy materials.
Any such proposal must also meet the requirements set forth in the
rules and regulations of the Securities and Exchange Commission in
order to be eligible for inclusion in the proxy materials for the
2026 Annual Meeting.
In addition, in accordance with the requirements contained in the
Company's bylaws, stockholders of the Company who wish to bring
business before the 2026 Annual Meeting outside of Rule 14a-8 of
the Exchange Act or to nominate a person for election as a director
must ensure that written notice of such proposal (including all
information specified in the Company's bylaws) is received by the
Company's Secretary at the Company's principal executive offices at
the address set forth above no later than 5:00 p.m. (ET) on Aug. 3,
2026. Any such proposal must meet the requirements set forth in the
Company's bylaws to be brought before the 2026 Annual Meeting.
In addition, to comply with the universal proxy rules, stockholders
who intend to solicit proxies in support of director nominees other
than the Company's nominees must provide notice that sets forth the
information required by Rule 14a-19 under the Exchange Act by 5:00
p.m. (ET) on Aug. 3, 2026, which is the tenth calendar day
following the date of the Current Report on Form 8-K dated July 24,
2026.
About Peraso Inc.
Headquartered in San Jose, California, Peraso Inc. --
https://www.perasoinc.com -- is a pioneer in high-performance 60
GHz unlicensed and 5G mmWave wireless technology, offering
chipsets, antenna modules, software and IP. Peraso supports a
variety of applications, including fixed wireless access, immersive
video and factory automation. In addition, Peraso's solutions for
data and telecom networks focus on Accelerating Data Intelligence
and Multi-Access Edge Computing, providing end-to-end solutions
from the edge to the centralized core and into the cloud.
As of March 31, 2026, the Company had $6.4 million in total assets,
$1.8 million in total liabilities, and $4.6 million in total
stockholders' equity.
Los Angeles, California-based Weinberg & Company, the Company's
auditor since 2020, 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
during the year ended Dec. 31, 2025, the Company incurred a net
loss and used cash in operations. These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.
PEREZ MENENDEZ: Hires Jose E. Alicea Figueroa CPA as Accountant
---------------------------------------------------------------
Perez Menendez HNOS Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire Jose E. Alicea
Figueroa, CPA as accountant.
The firm will render these services:
a. close out the Debtor's books as of the date of the filing
of this case and open new books as of the next day thereafter;
b. establish a new bookkeeping system to replace the system
used by the Debtor;
c. prepare the periodic statements of the Debtor in
Possession's operations;
d. prepare and file the Debtor's state and federal tax return
for the fiscal year which ended in the semester prior to the date
of the filing of this case;
e. prepare General Ledger and Disbursements Register;
f. reconcile the account;
g. prepare Certified Interim Financial Statements as needed;
h. prepare annual financial statements and returns;
i. tax and management counseling; and
j. representation in taxes investigations.
The accountant will bill based in a flat fee monthly payment of
$1,040, and additional fees.
Mr. Alicea Figueroa assured the court that he is a "disinterested
person" within the meaning of 11 U.S.C. 101(14).
The firm can be reached through:
Jose E. Alicea Figueroa, CPA
Urb. Baldrich 557 Pedro A. Bigay Street
San Juan, PR 00936-1274
Phone: (787) 685-5944
Email: aliceaje@gmail.com
About Perez Menendez HNOS Inc.
Perez Menendez HNOS, Inc., also known as Farmacia Garden Hills
Plaza, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. P.R. Case No. 26-01990) on April 30, 2026, with assets
of up to $50,000 and liabilities of between $1 million and $10
million.
Judge Mildred Caban Flores oversees the case.
Juan C. Bigas Valedon Law Office is Debtor's bankruptcy counsel.
PETER F. DIPAOLO: Plan Confirmation Hearing Scheduled for Aug. 25
-----------------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey conditionally approved the First Amended
Disclosure Statement in support of the First Amended Plan of
Reorganization of Peter F. DiPaolo, MD, PA and Peter F. DiPaolo.
The First Amended 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 Combined Hearing on the final approval
of the Disclosure Statement and confirmation of the Plan, and the
following Confirmation Schedule, are approved:
* August 18, 2026 is fixed as the last day for filing and
serving written objections to the First Amended Disclosure
Statement and confirmation of the Plan.
* August 18, 2026 is fixed as the last day for filing written
acceptances or rejections of the Plan.
* August 25, 2026 at 11:00 a.m. is the hearing for final
approval of the First Amended Disclosure Statement (if a written
objection has been timely filed) and for confirmation of the Plan.
As shared by the Troubled Company Reporter, the Plan constitutes a
joint plan of the Debtors but does not provide for the substantive
consolidation of the Debtors' respective estates.
DiPaolo's main asset is his residence located at 467 Mountain
Avenue, North Caldwell, New Jersey (the "Residence"). As part of
the bankruptcy, DiPaolo filed a motion to approve the sale of the
Residence to Brian Singh (the "Buyer") in exchange for $1.65
million. The Residence is subject to two mortgages: (1) Planet Home
Lending in the approximate amount of $1,052,252.43; and (2) Falow
LLC in the approximate amount of $230,000.
As part of the sale agreement, Buyer and DiPaolo will enter into a
five-year lease at no monthly rent. DiPaolo will be responsible for
paying the taxes, insurance, and maintaining the Residence during
the lease. During the term of the lease, DiPaolo has the option to
repurchase the Residence. Falow LLC and the Debtor have agreement
to resolve the preference claim by payment of $365,000 at the
Closing.
Classes 4A/6B consist of General Unsecured Claims. Allowed Class 4A
and 6B Claims shall share on a pro rata basis $12,500 quarterly for
twenty consecutive quarters for a total distribution of $250,000.
This dividend is estimated at approximately 6.9%. Based upon the
Debtor's preliminary review of the unsecured claims, the estimated
value of the Allowed Unsecured Claims are estimated at
approximately $3,612,049. This Class is impaired.
Chapter 11 reorganization expenses and the plan obligations will be
funded from the net proceeds of the sale of his Residence. In
addition, certain proceeds exist from voting two judgment claims.
Further, the Debtor will meet the Plan payments through future
earnings.
DiPaolo MD, PA's obligations under this Plan shall be funded by
DiPaolo MD, PA's continuing operating receipt, as set forth in the
projections.
A full-text copy of the First Amended Disclosure Statement dated
July 15, 2026 is available at https://urlcurt.com/u?l=5xSZJm from
PacerMonitor.com at no charge.
Counsel to the Debtors:
TRENK ISABEL SIDDIQI & SHAHD
Richard D. Trenk, Esq.
Robert S. Roglieri, Esq.
Stephen M. Gengaro, Esq.
290 W. Mt. Pleasant Ave., Suite 2370
Livingston, New Jersey 07039
Telephone: (973) 533-1000
E-mail: rtrenk@trenkisabel.law
E-mail: rroglieri@trenkisabel.law
E-mail: sgengaro@trenkisabel.law
A copy of the Court's Order dated July 16, 2026, is available at
https://urlcurt.com/u?l=YJwFDV from PacerMonitor.com.
About Peter F. DiPaolo
Peter F. DiPaolo, MD, PA is a private orthopedic practice located
in Woodland Park, New Jersey. Led by board-certified orthopedic
surgeon Peter F. DiPaolo, M.D., the practice provides orthopedic
services including minimally invasive surgery, traumatic injury
treatment, pain management solutions, joint replacement, spine
surgery, arthroscopic knee and shoulder surgery, and fracture
treatment. The practice serves patients with accident-related
injuries and orthopedic conditions such as arthritis, hip pain,
neck pain, knee pain, sciatica, shoulder pain, and lower back
pain.
Peter F. DiPaolo, MD, PA sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-14807) on Aug. 11,
2025. In its petition, the Debtor reported estimated total assets
of $10,034 and estimated liabilities of $4,547,728.
The petition was signed by Peter F. DiPaolo as sole shareholder.
The Debtor is represented by Trenk Isabel Siddiqi & Shahdanian P.C.
PETER F. DIPAOLO: Unsecureds Will Get 6.9% via Quarterly Payments
-----------------------------------------------------------------
Peter F. DiPaolo, MD, PA and Peter F. DiPaolo submitted a First
Amended Disclosure Statement describing First Amended Plan of
Reorganization dated July 15, 2026.
The Plan constitutes a joint plan of the Debtors but does not
provide for the substantive consolidation of the Debtors'
respective estates.
DiPaolo's main asset is his residence located at 467 Mountain
Avenue, North Caldwell, New Jersey (the "Residence"). As part of
the bankruptcy, DiPaolo filed a motion to approve the sale of the
Residence to Brian Singh (the "Buyer") in exchange for $1.65
million. The Residence is subject to two mortgages: (1) Planet Home
Lending in the approximate amount of $1,052,252.43; and (2) Falow
LLC in the approximate amount of $230,000.
As part of the sale agreement, Buyer and DiPaolo will enter into a
five-year lease at no monthly rent. DiPaolo will be responsible for
paying the taxes, insurance, and maintaining the Residence during
the lease. During the term of the lease, DiPaolo has the option to
repurchase the Residence. Falow LLC and the Debtor have agreement
to resolve the preference claim by payment of $365,000 at the
Closing.
Classes 4A/6B consist of General Unsecured Claims. Allowed Class 4A
and 6B Claims shall share on a pro rata basis $12,500 quarterly for
twenty consecutive quarters for a total distribution of $250,000.
This dividend is estimated at approximately 6.9%. Based upon the
Debtor's preliminary review of the unsecured claims, the estimated
value of the Allowed Unsecured Claims are estimated at
approximately $3,612,049. This Class is impaired.
Chapter 11 reorganization expenses and the plan obligations will be
funded from the net proceeds of the sale of his Residence. In
addition, certain proceeds exist from voting two judgment claims.
Further, the Debtor will meet the Plan payments through future
earnings.
DiPaolo MD, PA's obligations under this Plan shall be funded by
DiPaolo MD, PA's continuing operating receipt, as set forth in the
projections.
A full-text copy of the First Amended Disclosure Statement dated
July 15, 2026 is available at https://urlcurt.com/u?l=5xSZJm from
PacerMonitor.com at no charge.
Counsel to the Debtors:
TRENK ISABEL SIDDIQI & SHAHD
Richard D. Trenk, Esq.
Robert S. Roglieri, Esq.
Stephen M. Gengaro, Esq.
290 W. Mt. Pleasant Ave., Suite 2370
Livingston, New Jersey 07039
Telephone: (973) 533-1000
E-mail: rtrenk@trenkisabel.law
E-mail: rroglieri@trenkisabel.law
E-mail: sgengaro@trenkisabel.law
About Peter F. DiPaolo
Peter F. DiPaolo, MD, PA, is a private orthopedic practice located
in Woodland Park, New Jersey. Led by board-certified orthopedic
surgeon Peter F. DiPaolo, M.D., the practice provides orthopedic
services including minimally invasive surgery, traumatic injury
treatment, pain management solutions, joint replacement, spine
surgery, arthroscopic knee and shoulder surgery, and fracture
treatment. The practice serves patients with accident-related
injuries and orthopedic conditions such as arthritis, hip pain,
neck pain, knee pain, sciatica, shoulder pain, and lower back
pain.
Peter F. DiPaolo, MD, PA sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-14807) on Aug. 11,
2025. In its petition, the Debtor reported estimated total assets
of $10,034 and estimated liabilities of $4,547,728.
The petition was signed by Peter F. DiPaolo as sole shareholder.
The Debtor is represented by Trenk Isabel Siddiqi & Shahdanian P.C.
PHRG INTERMEDIATE: S&P Alters Outlook to Negative, Affirms 'B' ICR
------------------------------------------------------------------
S&P Global Ratings revised its outlook on PHRG Intermediate LLC,
doing business as Power, to negative from stable. S&P also affirmed
its 'B' issuer credit rating and its 'B+' issue-level rating
(recovery rating: '2').
The negative outlook reflects the risk that S&P could lower the
rating if Power's credit metrics don't improve in line with our
expectations, which includes significant revenue and profit
growth.
Power is issuing a $460 million fungible term loan B to fund a
shareholder distribution alongside a revolver upsize to $200
million and a maturity extension to 2031. S&P expects the
additional debt will strain the company's S&P Global
Ratings-adjusted credit metrics through the next few quarters and
believe there is a risk they could be elevated longer.
Rapid revenue and EBITDA growth could accelerate deleveraging
beyond our base case. S&P said, "While we expect Power's S&P Global
Ratings-adjusted leverage will be above 7x following the debt
issuance, its operating performance has been strong so far in 2026.
This could ultimately drive EBITDA generation above our forecast,
bringing leverage to a level more commensurate for the ratings."
In 2024, Power's revenue grew nearly 18% compared with the prior
year, and growth was in the low-20% area in 2025. In first-quarter
2026, revenue grew nearly 24% year over year, which could suggest
that top-line growth in 2026 will be more rapid than our forecast
anticipates. S&P said, "Still, we expect advertising costs will be
elevated in 2026, which could pressure EBITDA and margins. We also
believe the industry faces significant demand cyclicality because
we view repair and remodeling volumes as sensitive to economic
conditions, which could affect Power's ability to maintain its
current growth rate."
While exterior remodeling projects can be deferred, they are less
discretionary than interior remodeling because they often address a
home's structural integrity. This somewhat limits downward pressure
on demand that could arise from an economic downturn. Increasing
consumer price sensitivity could drive more individual homeowners
to seek lower-cost alternatives to Power.
Free operating cash flow (FOCF) will likely remain strong despite
increased cash interest expenses. Power continues to generate FOCF
due to increasing revenue and profits. This is driven by organic
growth across new and existing territories, balanced with good cost
management and modest working-capital requirements. S&P expects
this trend to continue in 2026. However, additional cash interest
from the incremental term loan will modestly pressure FOCF.
Furthermore, although Power's recent preferred equity issuance has
no implications on cash interest, the $450 million of redeemable
preferred shares have the option to be redeemed as cash, which is a
risk to the company's overall free cash flow position. The $1.2
billion of convertible preferred shares will likely have limited
implications for free cash flow. For 2026, S&P now expects Power
will generate S&P Global Ratings-adjusted FOCF of around $115
million.
S&P said, "We believe Power could continue to prioritize leveraging
shareholder distributions, which may keep S&P Global
Ratings-adjusted leverage weak for longer. This is Power's second
debt-funded dividend since September 2025 and its third leveraging
dividend considering its recent preferred equity issuance used to
transfer ownership between Harvest and Power's management to Bain
Capital and Sixth Street. The proceeds of this preferred equity
issuance were also used to fund a shareholder distribution. We
consider the equity issuance as leveraging because we regard the
preferred equity (both redeemable and convertible) as debt in our
adjusted debt calculation, as we believe Power could ultimately
redeem the preferred shares with debt. We view this tendency to
prioritize leveraging shareholder distributions as a more
aggressive financial policy given that the controlling sponsor,
Harvest Partners, historically maintained leverage below 5x since
purchasing its majority stake in late 2022.
"We also incorporate potential risks associated with Stream
Innovations, Power's preferred financing provider. Stream is a
related entity founded and partially owned by certain members of
Power's management team. It supports the majority of the company's
consumer financing needs. While this relationship has driven
business growth, lender concentration could constrain future
expansion during periods of financial industry volatility,
particularly if Stream faces liquidity constraints. However,
Power's access to alternative financing providers mitigates this
risk. Power is not a party to the financing agreement between the
customer and Stream, and the company assumes no credit risk for
losses for any loans financed by this related party.
"The negative outlook reflects our expectation that Power's
leverage and EBITDA interest coverage could remain in line with a
lower rating, though accelerated top-line growth could lead to more
rapid deleveraging than our current base case assumes.
"We could lower the rating if we believe that Power is not on track
to deleverage below 7x or that it will sustain EBITDA interest
coverage below 2x or FOCF to debt below 5%." This could result
from:
-- Slowed revenue growth leading to lower EBITDA generation;
-- Additional leveraging dividends; or
-- Macroeconomic pressures that cause sales to decline in existing
markets, hurt the company's ability to pass through rising costs,
or drive customer acquisition costs materially higher.
S&P could revise the outlook back to stable if Power continues its
growth momentum, such that it:
-- Generates EBITDA that drives significant deleveraging below
7x;
-- Increases S&P Global Ratings-adjusted EBITDA interest coverage
above 2x; or
-- Sustains FOCF to debt above 5%.
PLEASE & THANK YOU: Gets Extension to Access Cash Collateral
------------------------------------------------------------
Please & Thank You, LLC received another extension from the U.S.
Bankruptcy Court for the Western District of Kentucky, Louisville
Division, to use cash collateral to fund operations.
The court entered a second interim order authorizing the Debtor to
use cash collateral under the approved budget until the later of
three business days after August 3, the next scheduled hearing, or
the closing of the proposed sale of its business.
Under the second interim order, the U.S. Small Business
Administration will be granted protection for the Debtor's use of
its cash collateral through automatically perfected liens on
substantially all of the Debtor's property. These liens have
priority over most other liens, subject to existing senior liens,
previously approved priming liens, U.S. Trustee fees, and the
carveout for the Debtor's attorneys' fees.
The liens granted under the order specifically exclude Chapter 5
causes of action and their proceeds.
The second interim order also authorized the Debtor to borrow up to
$75,000 in interim financing from the lender, RRHHA LLC, during the
interim period.
The order is available at
http://bankrupt.com/misc/PleaseThankYou_CCOrder66.pdf
About Please & Thank You LLC
Please & Thank You, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-31515) on June 2,
2026, listing assets of between $100,001 and $500,000 and
liabilities of between $1 million and $10 million. Brooke Vaughn,
president and sole member of Please & Thank You, signed the
petition.
Judge Mary Elisabeth Naumann oversees the case.
Neil C. Bordy, Esq., at Seiller Waterman LLC, represents the Debtor
as legal counsel.
PRIORITY TOWING: Unsecureds Will Get 8% of Claims over 36 Months
----------------------------------------------------------------
Priority Towing and Recovery Inc. filed with the U.S. Bankruptcy
Court for the District of Maryland a Subchapter V Plan dated July
16, 2026.
Steven Palmer has been in the towing industry for 29 years. He
started Priority Towing and Recovery, Inc. 11 years ago as an owner
operator.
Mr. Palmer purchased another company just over two years ago, and a
year later he was diagnosed with severe regurgitation with his
aortic valve, which necessitated an open-heart surgery. His
attention was focused solely on his health from March 2025, until
around October 2025, when Mr. Palmer returned full-time. During
that time, the business decreased tragically ultimately causing
this bankruptcy filing. The other company filed bankruptcy, too.
The value of the property to be distributed under the Plan during
the term of the Plan is not less than the Debtor's projected
disposable income for that same period. Unsecured creditors holding
allowed claims will receive distributions, which the Debtor has
valued at approximately $0.08 cents on the dollar. The Plan also
provides for the payment of secured, administrative, and priority
claims in accordance with the Bankruptcy Code.
Class 4 consists of General Unsecured Claims. This Class shall be
paid from disposable income. The allowed unsecured claims total
$485,710.80. This Class will receive a distribution of 8% of their
allowed claims. This Class is impaired.
Monthly income derived from the company's receivables will fund the
semi-annual payment to the unsecured creditors.
During the term of this Plan, the Debtor shall submit the
disposable income (or value of such disposable income) necessary
for the performance of this plan to the creditors (the "Creditors")
and shall pay the Creditors the sums set forth herein.
The term of this Plan begins on the date of confirmation of this
Plan and ends on the 36th month subsequent to the Effective Date as
hereinafter defined in Section 15.02.
A full-text copy of the Subchapter V Plan dated July 16, 2026 is
available at https://urlcurt.com/u?l=aPEBo8 from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Daniel A. Staeven, Esq.
Frost & Associates, LLC
400 E Pratt St, 8th Floor
Baltimore, MD 21202
Phone: (443) 743-3381
Email: daniel.staeven@askfrost.com
About Priority Towing and Recovery Inc.
Priority Towing and Recovery Inc. is a Columbia, Maryland-based
towing and roadside assistance company founded in 2014. It offers
24/7 highway towing service, including light-duty, medium-duty and
heavy-duty towing, and serves Baltimore and surrounding areas in
Maryland.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 26-14108) on April 17,
2026, with $1,040,648 in assets and $3,394,828 in liabilities.
Steve Palmer, owner, signed the petition.
Judge Nancy V. Alquist presides over the case.
Daniel Staeven, Esq. at Frost Law represents the Debtor as
bankruptcy counsel.
REPUBLIC NATIONAL: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------------
Lead Debtor: Republic National Distributing Company, LLC
4300 Wildwood Parkway
Atlanta, GA 30339
Business Description: Republic National Distributing Company LLC
is an alcoholic beverage distributor headquartered in Atlanta,
Georgia. It distributes wine and spirits and currently operates
across 21 states with approximately 1,460 employees. The company's
historical roots trace to N. Goldring Corporation, founded in
1898,
and its later expansion included acquisitions and joint-venture
partnerships with other alcohol distributorships.
Chapter 11 Petition Date: July 26, 2026
Court: United States Bankruptcy Court
Southern District of Texas
Eighteen affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
Republic National Distributing Company, LLC (Lead) 26-90737
8201 Associates, LLC 26-90721
K&L Beverage Company, LLC 26-90723
Republic National Distributing Company of
North Dakota, Inc. 26-90726
Republic National Distributing
Company, LLC (Nebraska) 26-90728
Republic National Distributing Company
Michigan Holdings, LLC 26-90725
RNDC Alaska, LLC 26-90730
RNDC Arkansas, LLC 26-90733
RNDC Indiana Holdings, LLC 26-90734
RNDC New Hampshire, LLC 26-90722
RNDC Receivables, LLC 26-90724
RNDC Shared Services, LLC 26-90727
RNDC Texas, LLC 26-90720
WSJV Holdings, Inc. 26-90729
Young's Market Company of Arizona, LLC 26-90731
Young's Market Company of Oregon, LLC 26-90732
Young's Market Company of Washington, LLC 26-90735
Young's Market Company, LLC 26-90736
Judge: Hon. Christopher M Lopez
Debtors'
Co-Bankruptcy
Counsel: John F. Higgins, Esq.
M. Shane Johnson, Esq.
Megan Young-John, Esq.
Joanna D. Caytas, Esq.
PORTER HEDGES LLP
1000 Main St., 36th Floor
Houston, Texas 77002
Tel: (713) 226-6000
Fax: (713) 228-1331
E-mail: jhiggins@porterhedges.com
sjohnson@porterhedges.com
myoung-john@porterhedges.com
jcaytas@porterhedges.com
Debtors'
Bankruptcy
Counsel: Joshua A. Sussberg, P.C.
Christopher Marcus, P.C.
Maddison Levine, Esq.
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Tel: (212) 446-4800
Fax: (212) 446-4900
E-mail: joshua.sussberg@kirkland.com
cmarcus@kirkland.com
maddison.levine@kirkland.com
Debtors'
Investment
Banker: LAZARD FRERES & CO. LLC
Debtors'
Financial
Advisor: ALIXPATNERS, LLP
Debtors'
Claims &
Noticing
Agent: OMNI AGENT SOLUTIONS, LLC
Debtors'
Tax Advisor: PWC US TAX LLP
Estimated Assets
(on a consolidated basis): $500 million to $1 billion
Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion
The petitions were signed by John R. Castellano as chief
restructuring officer.
A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/7MJTSIA/Republic_National_Distributing__txsbke-26-90737__0001.0.pdf?mcid=tGE4TAMA
Consolidated List of Debtors' 30 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Proximo Spirits Trade Debt/ $93,923,223
32nd St Litigation
Jersey City, NJ 07311
Contact: Juan Domingo Beckmann,
Owner of Proximo Spirits and CEO of Becle
Tel: 52 55 52587000
Email: jdbeckmann@cuervo.com.mx
2. Reyes Holdings, L.L.C. Contract Claim Undetermined
6250 North River Road
Rosemont, Illinois 60018
Contact: Pete Swan, Controller
Tel: 847-227-6500
Email: pswan@reyesholdings.com
Contact: Brian D. Nalley,
General Counsel
Tel: 847-227-6500
Email: bnalley@reyesholdings.com
3. Empower Annuity Deferred $62,400,000
Insurance Company Compensation
of America, as Plan Administrator of
Certain Deferred Compensation Plans
8515 East Orchard Road
Greenwood Village, C0 80111
Contact: Dana Persky,
Sr Client Service Mgr - DB/NQ
Tel: 913-664-1891
Email: dana.persky@empower.com
Contact: Edward Homer, Managing Director
Tel: 978-983-9482
Email: edward.homer@empower.com
4. Wells Fargo Bank, Bank Debt Undetermined
National Association, as Agent
1100 Abernathy Road, Suite 1600
Atlanta, GA 30328
Contact: John Williammee, Jr.,
Portfolio Manager
Tel: 866-918-6213
Email: john.williammee@wellsfargo.com
5. First American Equipment Lease $47,216,781
Commercial Bancorp, Inc.
211 High Point Drive
Victor, NY 14564
Contact: Michael Clune, SVP,
Director of Capital Markets
Tel: 585-643-3371
Email: michael.clune@faef.com
6. Delicato Family Wines Trade Debt $14,433,431
600 Spreckels Ave
Manteca, CA 95336-6001
Contact: Chris Indelicato, President/CEO
Tel: 209-601-5100
Email: chris.indelicato@delicato.com
7. Park Street Imports LLC Litigation $13,216,683
7275 NW 1st Ct. Unit 104
Miami, FL 33150
Contact: Anthony Narula, Counsel
Tel: 786-321-3811
Email: anthony@caldera.law
8. Meridian Park South Lease Rejection $10,216,091
Building D, LLC Damages
1156 North Mountain Avenue
Upland, CA 91786
Contact: Michael Bains, Controller
Tel: 909-985-0971
Email: michael.bains@lewismc.com
9. Young's Holdings, Inc. Lease Rejection $7,012,674
14402 Franklin Avenue Damages
Tustin, CA 92780
Contact: Cassie Kelle,
Vice President of Real Estate
Tel: 619-489-5868
Email: cassiekelle@youngsholdings.com
10. Misa Imports Trade Debt $6,412,371
1502 Viceroy Dr
Dallas, TX 75235-2304
Contact: Cormac McCarthy, CEO
Tel: 312-502-9240
Email: cormac@misaimports.com
11. Edrington Trade Debt $5,638,056
150 5th Ave 11th Fl
New York, NY 10011-4347
Contact: Mike Kastin, VP Commercial
Tel: 646-345-9349
Email: michael.kastin@edrington.com
12. Jackson Family Classics Trade Debt $4,797,104
Attn: Zack White
425 Aviation Blvd
Santa Rosa, CA 95403
Contact: Bridget Dunham,
Natl Accts Director, On Prem
Tel: 972-415-2188
Email: bridget.dunham@jfwmail.com
13. Anheuser-Busch Inc Trade Debt $4,735,781
One Busch Pl
Saint Louis, MO 63118
Contact: Chris Merola,
Sr. Director, Wholesaler M&A
Tel: 774-444-3751
Email: christopher.merola@anheuser-busch.com
14. USLP Tracy IV, LP Lease Rejection $4,520,172
601 S. Figueroa St, 49th Floor Damages
Los Angeles, CA 90017
Contact: Cathy Conner,
Senior Real Estate Manager
Tel: 408-438-7137
Email: cathy.conner@cbre.com
15. J. Lohr Trade Debt $4,109,516
1000 Lenzen Ave
San Jose, CA 95126
Contact: Jerry Lohr, Owner
Tel: 408-288-5057
Email: jlohr@jlohr.com
16. Informatica LLC Trade Debt $4,108,668
PO Box 49085
San Jose, CA 95161-9085
Contact: Kimberly Knight,
Subscription Account Manager
Tel: 512-850-8569
Email: kiknight@informatica.com
17. Pernod Ricard Trade Debt $4,074,763
100 Manhattanville Road
Purchase, NY 10577
Contact: Conor McQuaid, CEO
Tel: 972-764-7151
Email: conor.mcquaid@pernod-ricard.com
18. Mark Cawthorn Litigation $3,766,427
1826 NE Broadway
Portland, OR 97323
Contact: Rick Klingbeil PC, Counsel
Tel: 503-490-6763
Email: rick@klingbeil-law.com
19. Crimson Wine Group Trade Debt $3,594,840
2017 S University
Denver, CO 80210
Contact: Jennifer Locke, CEO
Tel: 206-484-0800
Email: jen.locke@crimsonwinegroup.com
20. Luxco Inc. Trade Debt $3,585,280
5050 Kemper Ave
Saint Louis, MO 63139-1106
Contact: Ryan Earey, VP Sales
Tel: 704-301-3984
Email: r.earey@luxco.com
21. Ethica Wines Trade Debt $2,815,801
360 Mill Rd
Edison, NJ 08817
Contact: Francesco Ganz, Chief Executive Officer
Tel: 858-877-8933
Email: francesco.ganz@ethicawines.com
22. Lone Star Wine & Spirits Trade Debt $2,416,411
12600 Hill Country Blvd
Ste R-275
Austin, TX 78738
Contact: Mike Morgan, President
Tel: 952-210-2151
Email: mmorgan@prestigebevgroup.com
23. MPL Brands/Patco Brands Trade Debt $2,407,311
71 Liberty Ship Way
Sausalito, CA 94965
Contact: Michael Patane, Owner
Tel: 415-515-3536
Email: mpatane@mplbrands.com
24. Bogle Vineyards Inc Trade Debt $2,368,082
700 Hanna Dr Ste B
American Canyon, CA 94503-9681
Contact: Warren Bogle, Owner/President
Tel: 916-417-2345
Email: warren@boglewinery.com
25. Kobrand-Spirits Trade Debt $2,061,808
1 Manhattanville Rd
Purchase, NY 10577-2128
Contact: Marcelo Aguero, CEO
Tel: 707-849-8585
Email: maguero@kobrand.com
26. E J Gallo Trade Debt $1,884,826
600 Yosemite Blvd
Modesto, CA 95354
Contact: Ernest Gallo, President & CEO
Tel: 209-341-6222
Email: ernest.gallo@ejgallo.com
27. Vineyard Brands Trade Debt $1,841,243
875 Hanna Dr
Attn Western Wine Svcs
American Canyon, CA 94503-9606
Contact: Patrick Bennett, President and CEO
Tel: 908-812-1772
Email: pbennett@vineyardbrands.com
28. Frederick Wildman & Sons Trade Debt $1,686,672
111 Broadway Ste 1102
New York, NY 10006
Contact: Matt Munn, President, CEO
Tel: 212-230-0901
Email: m.munn@frederickwildman.com
29. VJ Holdings LLC / Lease Rejection $1,659,405
VJ 5100 Franklin LLC Damages
14402 Franklin Avenue
Tustin, CA 92780
Contact: David Solomon, President,
Real Estate & Alternative Investments
Tel: 800-574-7538
Email: davidsolomon@youngsholdings.com
30. Scind Saybrook Point, LLC Lease Rejection $1,638,783
11150 Santa Monica Boulevard, Damages
Suite 700
Los Angeles, CA 90025
Contact: Eric Stanley, Managing Partner
Tel: 310-929-8088
Email: info@staleypoint.com
RMA CA: Seeks 60-Day Extension of Plan Filing Deadline
------------------------------------------------------
RMA CA, Inc., asked the U.S. Bankruptcy Court for the Central
District of California to extend the deadline to file a Chapter 11
Plan for additional sixty days.
The Debtor is a Corporation. The CEO is Rayan Aydinian. The company
operates as an e-commerce business selling packaged snack products
through Amazon FBA. Operations include sourcing, packaging,
labeling, and fulfillment via Amazon warehouses.
On April 22, 2026, Debtor commenced this case by filed a voluntary
Chapter 11 Petition. Since the filing of the case, Debtor, through
its authorized representatives, has been working to increase its
revenue in order to successfully reorganize under the Bankruptcy
Code.
The Debtor seeks a 60-day extension of the deadline for Debtor to
file a plan due to allow time for the business to operate and
generate income. Prior to the petition filing, liens were placed on
Debtor's Amazon seller account.
The Debtor claims that despite the petition filing, the funds were
not immediately released to the Debtor which substantially limited
its operations. Funds have now been released and Debtor is able to
use those funds to market and sell its products at full strength.
RMA CA, Inc. is represented by:
Thomas B. Ure, Esq.
Ure Law Firm
8280 Florence Avenue, Suite 200
Downey, CA 90240
Tel: (213) 202-6070
About RMA CA Inc.
RMA CA, Inc., sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-13916-VZ) on
April 22, 2026. In the petition signed by Rayan Aydinian, owner,
the Debtor disclosed up to $500,000 in assets and up to $1 million
in liabilities. Judge Vincent P. Zurzolo oversees the case.
Thomas B. Ure, Esq., at Ure Law Firm, represents the Debtor.
ROTARY AIRLOCK: Gets Final OK to Use Cash Collateral
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Western Division, entered a final order authorizing Rotary Airlock,
LLC to obtain post-petition secured financing and use cash
collateral during its Chapter 11 case.
The order authorized the Debtor to continue using cash collateral
from Central Bank, Illinois, the U.S. Small Business
Administration, and several merchant lenders.
Under the final order, Central Bank increased the Debtor's
revolving line of credit from $7 million to $8 million and agreed
to provide a new $250,000 secured term loan. Both the expanded line
of credit and the new loan carry a 7.5% fixed interest rate, a
six-month term, monthly interest payments, and remain guaranteed by
the existing guarantors.
The Debtor must also submit weekly borrowing base certificates and
provide revenue and expense budgets if requested by Central Bank.
As adequate protection, the secured lenders received replacement
and post-petition liens on the Debtor's assets, while the Debtor
must maintain insurance, keep its assets in good repair, provide
access to books and records, make collateral information available
upon request, and comply with all covenants contained in the
pre-petition loan documents. Central Bank also retained its right
to sweep funds from the Debtor's bank accounts and re-advance funds
under the borrowing base formula.
The order authorized the Debtor to spend funds in accordance with
approved budgets, with a permitted variance of up to 10% of total
budgeted expenses unless otherwise approved by Central Bank or the
Court. Any unpaid budgeted expenses may be carried forward to
future weeks.
A copy of the court's order is available at
https://shorturl.at/E3nFw from PacerMonitor.com.
A status hearing is scheduled for October 14.
About Rotary Airlock LLC
Rotary Airlock, LLC manufactures, rebuilds, services, and
customizes rotary airlock valves for industrial material-handling
systems. Founded in 1995, the company is based in Rock Falls,
Illinois, and also offers related valves, seals, bearings,
installation, and NFPA-69-related services. Rotary Airlock serves
manufacturers and processors that use airlocks to move or control
bulk materials across production systems.
Rotary Airlock sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-80841) on May 20,
2026, with between $10 million and $50 million in both assets and
liabilities. Benjamin Hilty, president of Rotary Airlock, signed
the petition.
David K. Welch, Esq., at Burke, Warren, MacKay & Serritella, P.C.
represents the Debtor as legal counsel.
S&P TRUCKING: Hires Ripley Doorn & Co. as Accountant
----------------------------------------------------
S&P Trucking LLC seeks approval from the U.S. Bankruptcy Court for
the District of Idaho to employ Ripley Doorn & Co. as accountant.
The firm will provide these services:
a. prepare, review, and reconcile the Debtor's financial
statements and books and records;
b. assist with the preparation of the monthly operating
reports and other financial reporting required by the United States
Trustee and the Subchapter V Trustee;
c. prepare federal and state tax returns and address tax
matters arising during the case;
d. assist in the preparation of the reports required in
advance of the status conference under 11 U.S.C. 1188 (c), and the
financial projections, liquidation analysis, and feasibility and
projected disposable income analysis to formulated and support the
Debtor's plan of reorganization under 11 U.S.C. 1189 and 1191; and
e. provide such other accounting and financial advisory
service as may be necessary and appropriate in this case.
The firm will be paid at these rates:
Kaden Pfieffer $190 per hour
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Pfieffer disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Kaden Pfieffer
Ripley Doorn & Co.
1140 South Allante Ave.
Boise, ID 83709
Tel: (208) 375-0550
Email: kpfeiffer@rdcpa.com
About S&P Trucking LLC
S&P Trucking LLC is a Mountain Home, Idaho-based interstate freight
carrier that provides truckload transportation services, including
hauling grain, feed, hay and dry bulk commodities. The company,
incorporated in 2011, operates as an authorized property carrier
serving shippers requiring regional and interstate freight
transportation.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Idaho Case No. 26-00359) on April 27,
2026, with $1,482,225 in assets and $2,009,996 in liabilities.
Samuel Lewis Adams, owner, signed the petition.
Judge Noah G. Hillen presides over the case.
Patrick J. Geile, Esq. at FOLEY FREEMAN, PLLC represents the Debtor
as legal counsel.
SAIG LAUNDRY: Seeks to Hire Pro Business Valuations as Appraiser
----------------------------------------------------------------
Saig Laundry LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to employ Pro Business Valuations,
LLC as appraiser.
The Debtor requires appraisal services in connection with the
administration of this Chapter 11 case, including the determination
of the fair market value (installed) of the Debtor's
laundromat-related equipment and other commercial personal property
located at the Debtor's business premises operating as Red Bird
Laundry Center, 4333 Gannon Lane, Suite 107, Dallas, Texas 75237,
in support of these bankruptcy proceedings and the formulation of
the Debtor's plan of reorganization. The appraisal will be a
desktop appraisal report prepared in compliance with the Uniform
Standards of Professional Appraisal Practice.
The firm will receive an all-inclusive flat fee of $3,500 for a
desktop appraisal report.
As disclosed in the court filings, Pro-BV does not hold or
represent any interest adverse to the Debtor or the estate and is a
disinterested person within the meaning of 11 U.S.C. Sec. 101(14).
The firm can be reached through:
Grant E. Estep, MBA
Pro Business Valuations, LLC
18444 N 25th Ave Ste 420
Phoenix, AZ 85023-1268
Phone: (310) 606-2699
Email: grant@probusinessvaluations.com
About Saig Laundry LLC
Saig Laundry LLC operates a self-service laundromat business known
as Red Bird Laundry Center located at 4333 Gannon Lane, Suite 107,
Dallas, Texas 75237.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-30980) on March 6,
2026, listing up to $500,000 in assets and up to $1 million in
liabilities.
Judge Michelle V. Larson oversees the case.
Manalo Santiago, Esq., at Herrin Law, PLLC represents the Debtor as
counsel.
SAMYS OC: Plan Exclusivity Period Extended to Aug. 24
-----------------------------------------------------
Judge Mitchell L. Herren of the U.S. Bankruptcy Court for the
District of Kansas extended Samys OC, LLC's ("SOCL") exclusive
periods to file a plan of reorganization and obtain acceptance
thereof to Aug. 24 and Oct. 23, 2026, respectively.
As shared by Troubled Company Reporter, the Debtor has since
decided to close the Lawrence, KS, restaurant and list the property
for sale. The property is currently listed for sale. The Debtor
participated in a mediation that effectively resolved most of the
disputes in this case, and the parties are working on completing a
settlement. With these developments, the Debtor believes an
additional extension will result in a more concise plan.
The Debtor explains that its Counsel has been working to review the
pleadings filed in the case, the pleadings filed in the related
cases, and has been working with the Debtor and Creditors to
formulate its Chapter 11 Plan.
The Debtor and its Counsel believe that additional time is needed
to allow Counsel for the Debtor, the Debtor, and Creditors to
continue to work to formulate the Debtor's Chapter 11 Plan.
The Debtor claims that the extension of time for the filing of the
Plan and Disclosure Statement and the extension of time for the
exclusivity periods will not work a hardship on the creditors and
is in the best interest of all parties to allow Counsel for the
Debtor and the Debtor to continue to work to formulate the Debtor's
Chapter 11 Plan.
Samys OC, LLC is represented by:
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 Samys OC
Samys OC, LLC, filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Case No.
24-11166) on Nov. 14, 2024, listing up to $50,000 in assets and $10
million to $50 million in liabilities. The petition was signed by
Amro M. Samy as managing member.
Judge Mitchell L. Herren presides over the case.
Colin N. Gotham, at Evans & Mullinix, PA, is serving as the
Debtor's counsel.
SCIENS GROUP: Chapter 15 Recognition Hearing Scheduled for Aug. 10
------------------------------------------------------------------
NOTICE OF FILING AND HEARING ON VERIFIED PETITION UNDER CHAPTER 15
OF THE UNITED STATES BANKRUPTCY CODE AND NOTICE PURSUANT TO FED. R.
BANKR. P. 9017 AND FED R. CIV. P. 44.1
On July 7, 2026, Andrew Richard Victor Morrison and David Martin
Griffin, in their capacities as the proposed foreign
representatives (the "Petitioners" or the "Foreign
Representatives") of Sciens Group Alternative Strategies PCC
Limited ("SGAS") and its affiliated debtors in these Chapter 15
Cases (the "Debtors") with respect to the Debtors' voluntary
liquidation proceedings (the "Guernsey Proceedings") under sections
391 to 405 of Part XXII of the Companies (Guernsey) Law 2008 (the
"Guernsey Companies Law"), of the laws of the Bailiwick of Guernsey
("Guernsey"), by United States counsel, Cleary Gottlieb Steen &
Hamilton LLP and Bonds Ellis Eppich Schafer Jones LLP, filed a
verified petition (the "Verified Petition") under chapter 15 of
title 11 of the United States Code (the "Bankruptcy Code") for
recognition of foreign main proceedings and the Official Form
Petitions (the "Official Form Petitions," collectively, with the
Verified Petition, the "Petitions") commencing chapter 15 cases
ancillary to the Guernsey Proceedings and seeking recognition of
such foreign proceedings as "foreign main proceedings" and
additional relief in aid of the Guernsey Proceedings in the United
States Bankruptcy Court for the Southern District of Texas (the
"Court") with respect to the Debtors.
Together with the Official Form Petitions, the Petitioners have
also caused to be filed: (i) the lists required to be filed with
the Petitions pursuant to Bankruptcy Rule 1007(a)(4) and the
statement of the Debtors' foreign representatives under section
1515(c) of the Bankruptcy Code; (ii) the declaration of the
Debtors' foreign representatives of the foreign proceedings
required to be filed pursuant to Bankruptcy Code section 1515;
(iii) the Verified Petition; and (iv) the declaration of the
Debtors' Guernsey Counsel (collectively the "Supporting
Documents").
The Court has scheduled a hearing (the "Recognition Hearing") to
consider the relief requested in the Petitions for August 10, 2026
at 9:00 a.m. (prevailing Central Time).
Copies of the Petitions and all accompanying documentation are
available to parties-in-interest on the Court's Electronic Case
Filing System, which can be accessed from the Court's website at
http://ecf.txsb.uscourts.gov/(a PACER login and password are
required to retrieve a document) or upon written request to the
Petitioners' counsel (including by facsimile or electronic mail)
addressed to: Cleary Gottlieb Steen & Hamilton LLP, One Liberty
Plaza, New York, New York 10006-1470, Tel: (212) 225-2000, Fax:
(212) 225-3999, Attn: Thomas S. Kessler, tkessler@cgsh.com, Travis
Arbon, tarbon@cgsh.com -and- Bonds Ellis Eppich Schafer Jones LLP,
420 Throckmorton Street, Suite 1000, Fort Worth, Texas 76102, Tel:
(817) 405-6900, Fax: (817) 405-6902, Attn: Joshua N. Eppich,
joshua@bondsellis.com.
Any party-in-interest wishing to submit a response or objection to
the Petitions or the relief requested therein must do so in writing
and in accordance with the Bankruptcy Code, the Bankruptcy Rules,
and the Bankruptcy Local Rules for the United States Bankruptcy
Court for the Southern District of Texas, setting forth the basis
therefor, which response or objection must be filed with the United
States Bankruptcy Court for the Southern District of Texas, Office
of the Clerk of the Court, 515 Rusk Street, Houston, Texas 77002
and served upon counsel for the Petitioners so as to be actually
received by them no later than August 3, 2026, at 4:00 p.m.
(prevailing Central Time). Notices to counsel for the Petitioners
should be addressed to: (a) Cleary Gottlieb Steen & Hamilton LLP,
One Liberty Plaza, New York, New York 10006-1470 (Attn: Thomas S.
Kessler and Travis Arbon); and (b) Bonds Ellis Eppich Schafer Jones
LLP, 420 Throckmorton Street, Suite 1000, Fort Worth, Texas 76102
(Attn: Joshua N. Eppich).
If no response or objection is timely filed and served as provided
above, the Court may grant the relief requested in the Petitions
without further notice.
In the course of these Chapter 15 Cases, the Debtors may raise
issues under the Guernsey Companies Law or related Guernsey
insolvency law.
HEARING PROCEDURES
Unless otherwise ordered, all hearings in this matter shall be
hybrid hearings consistent with Section H of the Procedures for
Complex Cases in the Southern District of Texas. Parties may
participate in hearings either in person or by an audio and video
connection.
The Court will simultaneously use two technology methods to conduct
electronic hearings. One method will provide audio communication.
The other will provide video access to exhibits and materials
presented to the Court. If a party wants to both view the documents
presented to the Court and hear the proceeding, the party must (a)
dial in through the audio system, and (b) log into the Court's
video via GoToMeeting.
Audio communication will be by the use of the Court's dial-in
facility. You may access the facility at (832) 917-1510. Once
connected, you will be asked to enter the conference room number.
Judge Lopez's conference room number is 590153. Video communication
will be by use of the GoToMeeting platform. Connect via the free
GoToMeeting application or click the link on Judge Lopez's
homepage. The link is "https://www.gotomeet.me/JudgeLopez". Click
the settings icon in the upper right corner and enter your name
under the personal information setting.
Your rights may be affected. You should read the Verified Petition
and Supporting Documents carefully and discuss them with your
attorney if you have one in connection with these Chapter 15 Cases.
If you do not have an attorney, you may wish to consult one.
If you do not want the Court to grant the relief requested by the
Petitioners, or if you want the Court to consider your views on any
matter requested at the Recognition Hearing, then you or your
attorney must attend such hearing. If you or your attorney do not
take these steps, the Court may decide that you do not oppose the
relief sought by the Petitioners and may enter an order granting
the relief requested.
The Recognition Hearing may be adjourned from time to time without
further notice other than an announcement in open court, or a
notice of adjournment filed with the Court, of the adjourned date
or dates at the hearing or any other further adjourned hearing.
At the Recognition Hearing the Court may order the scheduling of a
case management conference to consider the efficient administration
of the Chapter 15 Cases.
Co-counsel for the Foreign Representatives of Sciens Group
Alternative Strategies PCC Limited and its affiliated debtors:
Joshua N. Eppich, Esq.
BONDS ELLIS EPPICH SCHAFER JONES LLP
420 Throckmorton Street, Suite 1000
Fort Worth, TX 76102,
Telephone: 817-405-6900
Facsimile: 817-405-6902
Email: joshua@bondsellis.com
-and-
Ken Green, Esq.
BONDS ELLIS EPPICH SCHAFER JONES LLP
402 Heights Boulevard
Houston, TX 77007
Telephone: 713-335-4990,
Facsimile: 713-335-4991
Email: ken.green@bondsellis.com,
-and-
Thomas S. Kessler, Esq.
Travis Arbon, Esq.
CLEARY GOTTLIEB STEEN & HAMILTON LLP
One Liberty Plaza,
New York, NY 10006
Telephone: 212-225-2000
Facsimile: 212-225-3999
Email: tkessler@cgsh.com
tarbon@cgsh.com
The Debtors in these chapter 15 cases (these "Chapter 15 Cases")
and their Guernsey registration numbers are: (i) Sciens
Group Alternative Strategies PCC Limited (CMP38959); (ii) SAM
Trading Holdings PCC Limited (CMP35564); and (iii) SAM Diversified
Holdings PCC Limited (CMP32204). The Debtors' address for service
of process is Ground Floor, Dorey Court, Admiral Park, St Peter
Port, GY1 2HT, Guernsey.
SERVESTAR LLC: Gets Final OK to Use Cash Collateral
---------------------------------------------------
ServeStar, LLC received final approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee, Chattanooga Division,
to use cash collateral.
Under the final order, the Debtor is authorized to use cash
collateral throughout its Chapter 11 case to pay operating
expenses. This authorization will terminate upon appointment of a
Chapter 11 trustee, conversion of the Debtor's bankruptcy case to
Chapter 7, modification of the order without the lenders' consent,
or unauthorized use of cash collateral.
The Debtor believes that certain merchant cash advance lenders
including BFA Business
Capital, LLC, Fox Funding/Lieberman, and Oxford Merchant Funding,
LLC may assert security interests in all of its cash collateral.
Before filing for Chapter 11, the Debtor took out MCA loans to meet
payroll and other obligations due to restricted credit access and a
severe cash shortage.
As adequate protection, lenders will be granted post-petition
replacement liens on the Debtor's property, with the same validity
and priority as their pre-petition liens.
The lenders also retain the right to seek additional adequate
protection if they believe their interests become inadequately
protected.
The order preserves the rights of all parties to seek further
relief and does not waive any lender rights against third parties.
The order is available at https://shorturl.at/6jtmk from
PacerMonitor.com.
ServeStar LLC
ServeStar, LLC provides commercial and residential plumbing
services across the southeastern United States and select
additional regions, including Tennessee, Georgia, Alabama,
Kentucky, Florida, Texas, Ohio, and North Carolina. It offers a
range of solutions such as drain cleaning, water heater
installation and repair, drain line repair with fiber-optic
inspections, backflow testing, and 24/7 emergency plumbing
services.
ServeStar sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D. Tenn. Case No. 26-10417) on Feb. 17, 2026, with
between $1 million and $10 million in both assets and liabilities.
The petition was signed by Aaron Miller as chief executive
officer.
Judge Nicholas W. Whittenburg oversees the case.
The Debtor is represented by Roy Michael Roman, Esq., at Rmr Legal,
PLLC.
SHIV POOJA: Gets Final OK to Use Cash Collateral
------------------------------------------------
Shiv Pooja, Inc. received final approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan, Southern Division, to
use cash collateral.
The court authorized the Debtor to use cash collateral in
accordance with its 13-week budget, with aggregate cash
disbursements not exceeding $31,000 per budget week and permitting
a 10% variance for each budget line item.
The Debtor may continue using cash collateral in the ordinary
course of business under these budget limitations until the court
orders otherwise.
As adequate protection, secured creditors including The Bancorp
Bank, N.A. and the U.S. Small Business Administration will be
granted automatically perfected replacement liens on the Debtor's
post-petition assets, maintaining the same priority and extent as
their valid pre-petition liens.
In addition, Bancorp Bank and the SBA will continue to receive
monthly payments of $10,000 and $731, respectively, until further
court order.
The order further provides that the budgeted amounts reserved for
Debtor's counsel fees and Subchapter V trustee fees remain reserve
items only and cannot be disbursed without additional court
approval.
The order is available at
http://bankrupt.com/misc/ShivPooja_CCOrder53.pdf
About Shiv Pooja Inc.
Shiv Pooja, Inc. is a privately held corporation. While specific
details regarding its operations were not disclosed in the
bankruptcy petition, the company conducts business through a
corporate structure in Michigan.
Shiv Pooja Inc. sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. Case No. 26-46566) on June 8,
2026. In its petition, the Debtor reported estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
Honorable Bankruptcy Judge Maria L. Oxholm handles the case.
The Debtor is represented by Robert N. Bassel, Esq., at Robert
Bassel, Attorney At Law.
Kimberly Ross Clayson, Esq., serves as Subchapter V trustee for the
Debtor.
SISTERS OF ST. ANN: Hires Holland & Knight as Bankruptcy Counsel
----------------------------------------------------------------
The Sisters of St. Ann, d/b/a Anna Maria College seeks approval
from the U.S. Bankruptcy Court for the District of Massachusetts to
hire Holland & Knight LLP as bankruptcy counsel.
The firm's services include:
a. advising the Debtor with respect to its powers and duties
as debtor-in-possession in the continued management and operation
of its business;
b. advising and consulting on the conduct of the Chapter 11
Case, including all of the legal and administrative requirements of
operating in chapter 11;
c. preparing on behalf of the Debtor, as debtor in possession,
necessary motions, applications, answers, orders, reports, and
other legal papers in connection with the administration of the
Debtor's estate and restructuring efforts;
d. appearing in the Bankruptcy Court and any appellate courts
to advocate for and protect the interests of the Debtor throughout
the pendency of this Chapter 11 Case;
e. taking all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on the
Debtor's behalf, the defense of any action commenced against the
Debtor in the Bankruptcy Court and assistance, as needed, in
defense of actions pending in state and federal courts,
negotiations concerning the resolution of litigation in which the
Debtor is or may become involved, and objections to claims filed
against the Debtor's estate;
f. negotiating and preparing on the Debtor's behalf a plan of
reorganization, disclosure statement, and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plan;
g. representing the Debtor in connection with any required
post petition financing;
h. advising the Debtor regarding, and assisting with all tasks
associated with the consummation of, the sale of the Debtor's
assets as a going-concern, or otherwise, upon appropriate Court
order;
i. reviewing and responding to, if appropriate, all pleadings
filed in this case;
j. assisting the Debtor in its selection, retention, and
compensation of other professional firms;
k. representing the Debtor with respect to general corporate
and transactional matters as they arise; and
l. performing all other necessary legal services and providing
all other necessary legal advice to the Debtor in connection with
this Chapter 11 Case.
The firm's current hourly rates are:
John J. Monaghan, Partner $950.00
Paul Lannon, Partner $910.00
Richard Yanofsky, Partner $950.00
Lynne B Xerras, Partner $895.50
Kathleen St. John, Sr. Counsel $765.00
Chris Bailey, Associate $715.50
Lisa Kim, Associate $625.50
Morgan L. Allred, Associate $607.50
Heather C. Montoya, Associate $607.50
Andrew Silvia, Associate $765.00
The Debtor has funded three payments to the firm, as follows:
(1) an initial fee payment of $45,000, in advance, to pay the
accrued fees for services performed and expenses incurred on behalf
of the Debtor on a go forward basis;
(2) payment of $50,000 funded on June 4, 2026, with the
$95,000 payment applied to attorneys' fees and expense totaling
approximately $334,000 incurred through on or about June 10, 2026;
and
(3) payment of $70,000 funded on June 24, 2026 for attorneys'
fees and expenses incurred in connection with chapter 11
preparation, from June 1, 2026 through June 22, 2026 totaling
approximately $258,000.
John Monaghan, Esq., an attorney at Holland & Knight, disclosed in
a court filing that the firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
John J. Monaghan, Esq.
Holland & Knight LLP
10 St James Ave #1200
Boston, MA 02116
Phone: (617) 523-2700
About The Sisters of Saint Ann, Inc. d/b/a Anna Maria Co
The Debtor is a non-profit corporation organized under the laws of
the Commonwealth of Massachusetts, formally known as The Sisters of
Saint Ann d/b/a Anna Maria College, a private Catholic institution
of higher education located in the Town of Paxton, Worcester
County, Massachusetts.
Sisters of Saint Ann sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 26-40758) on June 26,
2026.
John J. Monaghan at Holland & Knight, represents the Debtor as
legal counsel.
SISTERS OF ST. ANN: Hires Verdolino & Lowey as Financial Advisor
----------------------------------------------------------------
The Sisters of St. Ann, d/b/a Anna Maria College seeks approval
from the U.S. Bankruptcy Court for the District of Massachusetts to
hire Verdolino & Lowey, P.C. as financial advisor.
The firm's services include:
a. assisting in the preparation and review of financial
related disclosures required by the Court, including the Schedules
of Assets and Liabilities, the Statement of Financial Affairs and
Monthly Operating Reports;
b. assisting in the preparation of the proposed
Debtor-In-Possession ("DIP") financing or use of cash collateral;
c. assisting with the assessment and monitoring of the
Debtor's short-term cash flow, liquidity, and operating results;
d. assisting with the Debtor's potential disposition or
liquidation of both core and noncore assets;
e. assisting with the Debtor's cost/benefit analysis with
respect to the affirmation or rejection of various executory
contracts and leases;
f. assisting with the Debtor's identification of potential
cost savings, including overhead and operating expense reductions
and efficiency improvements;
g. assisting in the asset sale process, including, but not
limited to an assessment of the adequacy of the marketing process,
completeness of any buyer lists, review and quantifications of any
bids;
h. assisting with the review of any tax issues associated
with, but not limited to, claims/stock trading, preservation of net
operating losses, refunds due to the Debtor, plan of
reorganization, and asset sales;
i. assisting in the claims reconciliation and estimation
process;
j. assisting in the preparation and review of other financial
information for the Debtor, including, but not limited to, cash
flow projections and budgets, business plans, cash receipts and
disbursement analysis, asset and liability analysis, and the
economic analysis of proposed transactions for which Court approval
is sought;
k. assisting in the review and/or preparation of information
and analysis necessary for the confirmation of a plan and related
disclosure statement in this chapter 11 proceeding;
l. rendering such other general business consulting or such
other assistance as may be necessary and consistent with the role
of a financial advisor and not duplicative of services provided by
other professionals in this proceeding; and
m. assisting with the wind-down and closure of the College's
operations, including the retention of necessary College personnel
as consultants, the development and monitoring of a records
retention plan, the termination of the College's contractual
agreements and retirement plans, and the completion of final audits
and reports required to be submitted to federal and state
regulatory agencies.
The firm's standard hourly rates range from $105 to $595.
As disclosed in the court filings, Verdolino & Lowey and its
professionals are "disinterested persons" within the meaning of
section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Matthew R. Flynn, CPA
Verdolino & Lowey, P.C.
124 Washington Street
Foxboro, MA 02035
Telephone: (508) 543-1720
Facsimile: (508) 543-4114
About The Sisters of Saint Ann, Inc. d/b/a Anna Maria Co
The Debtor is a non-profit corporation organized under the laws of
the Commonwealth of Massachusetts, formally known as The Sisters of
Saint Ann d/b/a Anna Maria College, a private Catholic institution
of higher education located in the Town of Paxton, Worcester
County, Massachusetts.
Sisters of Saint Ann sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 26-40758) on June 26,
2026.
John J. Monaghan at Holland & Knight, represents the Debtor as
legal counsel.
SKOLEM GROUP: Hires Raines Feldman Littrell as Bankruptcy Counsel
-----------------------------------------------------------------
Skolem Group, LLC seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ Raines Feldman
Littrell LLP as general bankruptcy counsel.
The firm will provide these services:
a. advise the Debtor with respect to the requirements and
provisions of the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure, Local Bankruptcy Rules, U.S. Trustee Guidelines, and
other applicable requirements that may affect the Debtor;
b. assist the Debtor in preparing and filing any necessary
amendments to its schedules and statement of financial affairs,
complying with and fulfilling U.S. Trustee requirements, and
preparing other documents as may be required after the initial
filing of the chapter 11 case;
c. assist the Debtor with the identification and recovery of
property of the estate;
d. assist the Debtor with refinance of the loans or a sale of
the Property;
e. assist the Debtor in the preparation of a disclosure
statement and formulation of a chapter 11 plan of reorganization
or, if appropriate, seeking a structured dismissal of the
case;
f. advise the Debtor concerning the rights and remedies of
the estate and the Debtor in regard to adversary proceedings that
may be removed to, or initiated in, the Bankruptcy Court;
g. represent the Debtor in any proceeding or hearing in the
Bankruptcy Court in any action where the rights of the estates or
the Debtor may be litigated or affected; and
h. provide such other services as may be necessary or
otherwise arise during the pendency of this case.
The firm will be paid at these rates:
Kyra E. Andrassy $850 per hour
Robert Yan $795 per hour
Stephen Mott, Associate $595 per hour
Bambi Clark, paralegals $495 per hour
Connie-Marie Santiago, paralegals $325 per hour
The firm received a prepetition retainer of $25,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Kyra E. Andrassy, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Kyra E. Andrassy, Esq.
Raines Feldman Littrell LLP
4675 MacArthur Court, Suite 1550
Newport Beach, CA 92660
Telephone: (310) 440-4100
Facsimile: (310) 691-1943
Email: kandrassy@raineslaw.com
About Skolem Group, LLC
Skolem Group, LLC is a California-based investment and business
management company engaged in managing corporate assets,
investments, and affiliated business interests.
Skolem Group, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-11915) on June 22, 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 Scott C. Clarkson handles the case.
The debtor is represented by Kyra E. Andrassy, Esq. of Raines
Feldman Littrell LLP.
SLEEP NUMBER: UST Objection to Non-Insider Retention Plan Tossed
----------------------------------------------------------------
The Hon. Kyu Young Paek of the U.S. Bankruptcy Court for the
Southern District of New York overruled the objection of the United
States Trustee to Sleep Number Corp.'s proposed payments under the
Non-Insider Retention Plan.
Sleep Number Corporation and its affiliated debtors filed these
Chapter 11 bankruptcy cases to effectuate a going-concern sale of
its business. To ensure that certain employees remain with Sleep
Number through the sale, and to compensate those employees for the
additional work stemming therefrom, Sleep Number created a plan to
pay retention awards to 38 non-insider employees in the aggregate
amount of $1.825 million payable upon completion of the sale.
The U.S. Trustee filed an objection to the Debtors' proposed
payments under the Non-Insider Retention Plan arguing that:
(i) the Employee Participants are statutory "insiders," which
would subject the retention awards to the strict standard set forth
in 11 U.S.C. Sec. 503(c)(1), and,
(ii) even if the Employee Participants are not statutory
insiders, the Debtors have not provided adequate justification for
the retention awards under 11 U.S.C. Sec. 503(c)(3).
The Employee Participants were not appointed by Sleep Number's
Board. Thus, the Court finds under the objective criterion set
forth in Harrington v. LSC Commc'ns, Inc. (In re LSC Commc'ns,
Inc.), 631 B.R. 818 (S.D.N.Y. 2021), the Employee Participants are
not insiders. Further, the Employee Participants are not insiders
under the functional approach for the reasons already stated, i.e.,
they lack the authority to dictate corporate policy. Because the
Employee Participants are not "insiders" under section 101(31)(B),
the retention payments to them are not subject to scrutiny under
section 503(c)(1).
According to the Court, the Debtors have set forth several valid
business reasons to pay retention awards to the Employee
Participants. These employees play important roles in Sleep
Number's business, and it was critical to retain their services
while Sleep Number explored a sale of the company as a going
concern. Moreover, the cost of the Non-Insider Retention Plan is
reasonable. The entirety of the contemplated payments totals $1.825
million (the actual amount will be less given the July 20
resignation of one Employee Participant). The Court says this
amount is modest when considering that the goal of the Non-Insider
Retention Plan was to help facilitate a successful going-concern
sale of the company, which has resulted in a bid by SNBR Inc. in
excess of $700 million.
The Court finds that the Debtors exercised sound business judgment
in formulating the Non-Insider Retention Plan. Paying the Employee
Participants retention awards totaling $1.825 million is "justified
by the facts and circumstances" of these cases.
A copy of the Court's Memorandum Decision dated July 28, 2026, is
available at https://urlcurt.com/u?l=Rfq5dJ from Pacermonitor.com.
About Sleep Number Corp.
Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in
personalized sleep wellness. Its mattresses are designed to evolve
with each sleeper to help them feel and perform their best. With
adjustable firmness, pressure-relieving support, and
temperature-balancing comfort built into every mattress, Sleep
Number beds adapt to customers' changing needs, night after night,
year after year.
Sleep Number Corp. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12,
2026. In its petition, the Debtor reports estimated assets between
$500 million and $1 billion and estimated liabilities between $1
billion and $10 billion.
The Honorable Bankruptcy Judge Kyu Young Paek handles the case.
The Debtor is represented by Brian Resnick, Esq. of Davis Polk &
Wardwell LLP, as counsel. The Debtors also tapped AP Services, LLC
to provide a Chief Restructuring Officer; Guggenheim Securities,
LLC, as investment banker; A&G Real Estate Partners as real estate
advisors; and Kroll Restructuring Administration, LLC, as claims,
noticing, solicitation, and administrative agent.
The Official Committee of Unsecured Creditors hired Province, LLC
as financial advisor and Pachulski Stang Ziehl & Jones LLP as
counsel.
SSANG 7709: Hires Waldrep Wall Babcock & Bailey as Counsel
----------------------------------------------------------
SSANG 7709 LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of North Carolina to employ Waldrep Wall
Babcock & Bailey PLLC as bankruptcy counsel.
The firm's services include:
a. advising the Debtor of its rights, powers, and duties as a
debtor-in-possession;
b. advising the Debtor on all general bankruptcy matters;
c. preparing all necessary motions, applications, answers,
orders, reports, and papers in connection with the administration
of the Debtor's bankruptcy estate on behalf of the Debtor;
d. assisting other professionals retained by the Debtor in the
investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtor, and any other matters relevant
to this bankruptcy case or to the formulation of a plan of
reorganization or liquidation;
e. representing the Debtor at all hearings on matters relating
to its affairs and interests as debtor-in-possession before this
Court and any appellate courts, and protecting the interests of the
Debtor;
f. prosecuting and defending any litigated matters that may
arise during this bankruptcy case, including such matters as may be
necessary for the protection of the Debtor's rights, the
preservation of estate assets, or the Debtor's successful
reorganization;
g. investigating the validity, extent, and priority of any
secured claims against the Debtor's bankruptcy estate, and
investigating the acts and conduct of such secured creditors and
other parties to determine whether any causes of action may exist;
h. preparing, filing, negotiating, presenting, and
implementing a plan of reorganization or liquidation, as
appropriate;
i. representing the Debtor on matters relating to the
assumption or rejection of executory contracts and unexpired
leases; and
j. performing other necessary legal services for and on behalf
of the Debtor that may be necessary or appropriate in the
administration of this bankruptcy case.
The firm will be paid at these rates:
Ciara L. Rogers Attorney/Partner $450 per hour
Zachary Malnik Counsel $450 per hour
Robert F. Decker Associate $300 per hour
Marybeth Ford Paralegal $250 per hour
Prior to the petition date, the firm received from the Debtor a
retainer of $17,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Ciara L. Rogers, Esq., a partner at Waldrep Wall Babcock & Bailey
PLLC, disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Ciara L. Rogers, Esq.
Zachary Malnik, Esq.
Robert F. Decker, Esq.
Waldrep Wall Babcock & Bailey PLLC
3600 Glenwood Avenue, Suite 210
Raleigh, NC 27612
Telephone: (984) 480-2005
Email: crogers@waldrepwall.com
zmalnik@waldrepwall.com
bdecker@waldrepwall.com
About SSANG 7709 LLC
SSANG 7709, LLC operates multiple dry-cleaning facilities across
Orange, Pitt, and Wilson Counties in Raleigh, North Carolina.
SSANG 7709 sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-03167) on July 14,
2026. In the petition signed by Kwon Jeon, managing member, the
Debtor disclosed between $100,001 and $500,000 in both assets and
liabilities.
Judge Pamela W. Mcafee oversees the case.
Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey, PLLC,
represents the Debtor as legal counsel.
STORJ LABS: Commences Chapter 11 to Resolve Legacy Liabilities
--------------------------------------------------------------
Storj Labs, Inc. on July 26, 2026, voluntarily filed Chapter 11 in
the United States Bankruptcy Court for the Northern District of
West Virginia, Case No. 5:26-bk-00512 (Bk N.D. W.Va.). Storj filed
the Chapter 11 restructuring to address certain legacy obligations
while preserving Storj's ongoing business operations.
Storj will continue operating in the ordinary course throughout the
Chapter 11 process. Storj also does not anticipate any
interruptions in service to its customers, and will continue
meeting its obligations, subject to the United States Bankruptcy
Court in the Northern District of West Virginia and applicable
bankruptcy statutory provisions.
"This is a decisive, positive step," said Kaloyan Raev, Director of
Software Engineering of Storj. "The business underneath is strong
and right-sized. What holds it back are legacy obligations from an
earlier chapter. This process lets us resolve them in an orderly
way and come out the other side with a clean foundation -- and with
a plan for management, our token community, and our investors to
share in the ownership of the restructured company, taking Storj
back to its strong decentralized roots, serving our clients."
Storj has focused its attention on its core business and is in the
process of dispositioning previous acquisitions and non-essential
operations. Since acquiring Storj, Inveniam has supported this
focus on Storj's original business proposition and has continued to
support Storj throughout, and it endorses this reorganization as
the right path to a sustainable future serving their core clients,
and ownership by the management team, decentralized community,
Token holders, and potential investors.
About Inveniam
Inveniam provides verifiable data infrastructure for private
markets. The company transforms unstructured private market
information into cryptographically verifiable, AI-ready data,
preserving data provenance so every insight, decision, and
transaction is traceable to its original source. This
infrastructure powers regulatory compliance, autonomous AI
workflows, tokenized assets, and the next generation of digital
financial markets.
About Storj Labs
Storj Labs Inc. is a blockchain infrastructure company specializing
in decentralized cloud storage solutions. The company operates a
peer-to-peer storage network that distributes encrypted data across
independently operated storage nodes worldwide, improving
resilience and reducing dependence on conventional cloud
providers.
Founded in 2014, Storj serves customers in industries including
software development, media, artificial intelligence, healthcare,
and enterprise data management.
Storj Labs sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W. Va. Case No. 26-00512) on July 26, 2026. In its
petition, the Debtor reports estimated assets and liabilities
between $1 million and $10 million each.
The Debtor is represented by Christopher R. Arthur, Esq. of Spilman
Thomas & Battle.
SUN GIR: Trustee Taps Raines Feldman Littrell as Legal Counsel
--------------------------------------------------------------
Bradley Sharp, the chapter 11 trustee of Sun Gir Incorporated,
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to employ Raines Feldman Littrell LLP as his
general bankruptcy counsel.
The firm's services include:
a. advising the Trustee with regard to the requirements of
the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the
Office of the United States Trustee (OUST) as they pertain to the
Debtors' estates;
b. advising the Trustee with regard to certain rights and
remedies of the Debtors' bankruptcy estates and the rights, claims
and interests of creditors;
c. representing the Trustee in any proceeding or hearing in
the Bankruptcy Court involving the Debtors' estates unless the
Trustee is represented in such proceeding or hearing by special
counsel;
d. conducting examinations of witnesses, claimants or adverse
parties and representing the Trustee in any adversary proceeding
except to the extent that any such adversary proceeding is in an
area outside of RFL's expertise or which is beyond RFL's staffing
capabilities;
e. preparing and assisting the Trustee in the preparation of
reports, applications, pleadings and orders including, but not
limited to objections to claims, settlements and other matters
relating to these cases;
f. investigating, evaluating, and prosecuting objections to
claims as may be appropriate; and
g. performing any other services which may be appropriate in
RFL's representation of the Trustee during these bankruptcy cases.
The firm will be paid at these hourly rates:
Kyra E. Andrassy, Partner $850
Robert S. Marticello, Partner $950
Jordan N. Kelly, Associate $525
Bambi Clark, Paralegal $495
Connie-Marie Santiago, Paralegal $325
As disclosed in the court filing, Raines Feldman Littrell LLP is
disinterested within the meaning of 11 U.S.C. Secs. 327(a) and
101(14).
The firm can be reached through:
Kyra E. Andrassy,
RAINES FELDMAN LITTRELL LLP
4675 MacArthur Court, Suite 1550
Newport Beach, CA 92660
Telephone: (310) 440-4100
Facsimile: (310) 691-1943
Email: kandrassy@raineslaw.com
About Sun Gir Incorporated
Sun Gir Incorporated and affiliates operate 59 Carl's Jr.
restaurant locations across California.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11056) on April 2,
2026. In the petition signed by Harshad Dharod, president, the
Debtor disclosed up to $50,000 in both assets and liabilities.
Judge Scott C. Clarkson oversees the case.
Eric Bensamochan, Esq., at Eric Bensamochan Law Firm, Inc.
represents the Debtor as counsel.
SUPERNOVA MANAGEMENT: Hires Robert L. Norris CPA as Accountant
--------------------------------------------------------------
SuperNova Management, Inc. and affiliates seek approval from the
U.S. Bankruptcy Court for the Southern District of Texas to hire
Robert L. Norris, CPA, MBA as accountant.
The firm will render these services:
-- review historical and current financial statements for
accuracy and adjust as needed;
-- ensure that location-by location financial data are properly
allocated and classified;
-- review balance sheets. Remove legacy assets and liabilities.
ensure correct balances for all remaining assets and liabilities;
-- prepare Profit and Loss, Balance sheet and Statement of Cash
Flows for each entity;
-- time period for review to be determined by Chris Quinn;
-- review and amend federal tax returns as needed;
-- contact IRS regarding years, amounts, and basis of claims;
-- work with IRS to resolve filing issues and validate claim
amounts;
-- contact county tax assessors and validate/resolve business
personal property tax claims;
-- provide bookkeeping services for all the Debtors with
subcontractors employed by Norris;
-- assist Chris Quinn as needed with bankruptcy reporting
including Monthly Operating; and
-- provide any financial reports, cash collateral reconciliations
and financial projections and financial information as requested
for reorganization plans for the Debtors.
Mr. Norris bills at $250 hour.
Mr. Norris will utilize the bookkeeping services at $50 per hour as
much as possible to assist in reducing the costs.
Mr. Norris will require a retainer upfront of $5,000.
Mr. Norris assured the court that he and his subcontractors are
"disinterested persons" within the meaning of Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
Robert L. Norris, CPA, MBA
1614 Holland Avenue
Houston, TX 77029
Office: (713) 212-9215
Email: Rnorris9357@gmail.com
About SuperNova Management Inc.
SuperNova Management, Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32616) on
April 14, 2026. In the petition signed by Martin Abrahams, manager,
the Debtor disclosed up to $50,000 in assets and up to $10 million
in liabilities.
Judge Eduardo V. Rodriguez oversees the case.
Reese Baker, Esq., at Baker & Associates, represents the Debtor as
legal counsel.
SUPERSTAR ELIZABETH: Third Amended Plan of Reorganization Confirmed
-------------------------------------------------------------------
Judge Elizabeth L. Gunn of the U.S. Bankruptcy Court for the
District of Columbia confirmed Superstar Elizabeth, LLC's third
amended plan of reorganization.
This matter came before the Court for hearing on July 16 upon the
issues raised by Debtor's request for confirmation of Debtor's
Third Amended Plan of Reorganization filed herein on May 15, 2026.
Based upon the evidence produced, the Court now makes the following
findings of fact:
* The Plan has been proposed in good faith, and not by any
means forbidden by law, thus satisfying the requirements of Section
1129(a)(3) of the Bankruptcy Code.
* The Plan, as modified herein, proposes a feasible
reorganization of the Debtor, with a provision of liquidation, thus
satisfying the requirement of Section 1129(a)(11) of the Bankruptcy
Code.
* The Plan, as modified herein, does not discriminate
unfairly, and is fair and equitable, with respect to each class of
claims or interests that is impaired under, and has not accepted,
the Plan, in compliance with Section 1129(b) of the Bankruptcy
Code.
The Third Amended Plan at Docket No. 179 be and is hereby MODIFIED
as follows:
* Article 1.47 shall read: "Settlement Date" shall mean the
date upon which Settlement occurs on the Refinance Loan transaction
but in no event shall such date occur more than thirty days after
the Confirmation Date.
* Article 3.2 shall read: "Class B is Impaired. Pursuant to
Proof of Claim No. 1, the Class B Claim consists of a Secured Claim
in the prepetition amount of $2,323,850.43 as of the Petition Date
and is secured by Liens, including (a) a "Deed of Trust and
Security Agreement" dated September 30, 2021; (b) a "Collateral
Assignment of Leases and Rents" dated September 30, 2021; and (c)
two (2) UCC Financing Statements (Doc # 2021144473, 2021144473).
* Article 3.4 shall read: "Class D is Unimpaired. Pursuant to
Proof of Claim No. 4, the Class D Claim consists of a Secured Claim
in the prepetition amount of $100,237.11 as of the Petition Date,
and is secured by a second priority Lien on Collateral excluding
Real Property, pursuant to a UCC Filing Statement(s) (Doc #
2021007955, 2025109936). Upon Confirmation of the Plan, the Class D
Claim shall retain its Claim and Lien pursuant to nonbankruptcy
law. This class is unimpaired."
* Article 3.5 shall read: "Class E is Impaired. Pursuant to
Proof of Claim No. 2, the Class E Claim consists of a Secured Claim
in the prepetition amount of $583,319.62 as of the Petition Date,
and is secured by a Lien arising from a foreign judgment recorded
with the DC Recorder of Deeds on or about February 20, 2024, and
originating from a judgment entered by the Circuit Court for
Arlington County, Virginia, on November 21, 2023, in Case No.
CL23-4417.
A copy of the Court's decision is available at
https://urlcurt.com/u?l=MlkQFN from PacerMonitor.com at no charge.
The Debtor's Counsel:
Michael A. Ostroff, Esq.
MONTERO LAW GROUP, LLC
1738 Elton Road, Ste 105
Silver Spring, MD 20903
Tel: 301-588-8100
Fax: 301-588-8101
About Superstar Elizabeth
Superstar Elizabeth LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).
Superstar Elizabeth sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.D.C. Case No. 24-00253) on July 17, 2024,
with $1 million to $10 million in both assets and liabilities.
Daniel Lledo, managing member, signed the petition.
Judge Elizabeth L. Gunn oversees the case.
The Debtor is represented by Michael A. Ostroff, Esq., at Montero
Law Group, LLC.
SYSTEM1 INC: Completes Debt Exchange Following Stockholder Approval
-------------------------------------------------------------------
System1, Inc. said in a regulatory filing with the Securities and
Exchange Commission that, on July 23, 2026, following receipt of
stockholder approval at the Company's 2026 Annual Meeting of
Stockholders held on July 22, 2026, the Company consummated the
comprehensive debt exchange and settlement transaction, including:
(i) the issuance of 39,250 shares of Series A Cumulative
Convertible Preferred Stock to the participating lenders and
(ii) the entrance into the Priority Credit Agreement.
The Transaction was structured pursuant to the Exchange Agreement
entered into on May 29, 2026 between S1 Holdings Finco, LLC and
Orchid Merger Sub II, LLC, each a subsidiary of the Company, and
the participating lenders under the Company's existing credit
facility.
Certificate of Designation of Series A Preferred Stock
On July 23, 2026, in connection with the closing of the
Transaction, the Company filed the Certificate of Designation of
Series A Preferred Stock with the Secretary of State of the State
of Delaware, designating 39,250 shares of the Company's preferred
stock, par value $0.0001 per share, as "Series A Cumulative
Convertible Preferred Stock" and establishing the designations,
powers, preferences and rights of the Preferred Shares, effective
upon filing. Each Preferred Share has an initial stated value of
$1,022.05, reflecting $1,000 per share plus dividends deemed to
have accrued from April 1, 2026 through the Transaction closing
date.
Election of Director
On July 23, 2026, in connection with the closing of the
Transaction, the holders of a majority of the outstanding Preferred
Shares, acting by written consent pursuant to the Certificate of
Designation, elected Robert Sharp to serve as a director of the
Company, effective as of such date. As described in the Company's
definitive proxy statement filed with the SEC on June 22, 2026, the
holders of the Preferred Shares have the right to designate one
director to the Board for so long as at least 19,625 shares of the
Preferred Shares remain outstanding. Mr. Sharp will serve as a
director until his successor is duly elected and qualified in
accordance with the Certificate of Designation, or until his
earlier removal or resignation.
2026 Annual Meeting Results
At the Annual Meeting held on July 22, 2026 in a virtual format,
the holders of 7,900,179 shares of the Company's common stock, par
value $0.0001 per share, representing approximately 79.01% of the
shares outstanding and entitled to vote as of the record date of
June 18, 2026, were present or represented by proxy. All proposals
passed.
Proposal 1 – Share Issuance Proposal
The Company's stockholders approved, for purposes of complying with
the New York Stock Exchange listing rules, the issuance of the
shares of Series A Cumulative Convertible Preferred Stock, with
6,714,340 votes for, 21,108 votes against, 1,765 votes abstained,
and 1,162,966 broker non-votes.
Proposal 2 – Election of Three Class I Directors
The Company's stockholders elected each of the following three
nominees to serve as a Class I director for a three-year term
expiring at the Company's 2029 annual meeting:
1. Michael Blend:
* 6,637,661 votes for
* 99,552 abstentions
* 1,162,966 broker non-votes
2. Caroline Horn:
* 6,445,309 votes for
* 291,904 abstentions
* 1,162,966 broker non-votes
3. Taryn Naidu:
* 6,638,647 votes for
* 98,566 abstentions
* 1,162,966 broker non-votes
Proposal 3 – Ratification of Independent Registered Public
Accounting Firm
The Company's stockholders ratified the appointment of Deloitte and
Touche LLP as the Company's independent registered public
accounting firm for the fiscal year ending Dec. 31, 2026, with
7,878,446 votes for, 4,489 votes against, and 17,244 abstentions.
A full-text of the Certificate of Designation is available at
https://tinyurl.com/33cuskmc
About System1, Inc.
System1 -- http://www.system1.com-- operates several flagship
brands across multiple consumer verticals, including shopping,
travel and search, and a best-in-class customer acquisition and
marketing platform powered by AI and machine learning. The
Company's platform is omnichannel and omnivertical, delivering
high-intent customers to its advertising partners to maximize their
reach and effectiveness.
Los Angeles, California-based Deloitte and Touche LLP, the
Company's auditor since 2024, issued a "going concern"
qualification in its report dated March 11, 2026, attached to the
Company's Annual Report for the fiscal year ended Dec. 31, 2025,
citing that the Company is experiencing difficulty in generating
sufficient cash flow to meet its obligations and sustain its
operations, which raises substantial doubt about the Company's
ability to continue as a going concern.
TEMPERED GLASS: Gets Final Court OK to Use Cash Collateral
----------------------------------------------------------
Tempered Glass Industries Incorporated received final approval from
the U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, to use cash collateral.
Under the final order, the Debtor is authorized to use cash
collateral to pay court-approved expenses, Subchapter V Trustee
payments, and necessary operating costs outlined in a preliminary
budget, with flexibility of up to 10% per line item. This
authorization will continue until further order of the court.
Secured creditors will be granted be granted replacement liens on
post-petition cash collateral, with the same validity and priority
as their pre-petition liens, without requiring additional filings.
As additional protection, the Debtor must continue complying with
all debtor-in-possession obligations and provide LSQ Funding Group,
L.C., Dulles Glass Florida, LLC, and the merchant cash advance
lenders with access to business records and premises for
inspection.
The order preserves the rights of all parties to challenge the
validity, extent, priority, or characterization of liens and
claims, and clarifies that it does not determine ownership of
collateral or the amount of any secured claim.
A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=pkEGwc from PacerMonitor.com.
About Tempered Glass Industries Incorporated
Tempered Glass Industries Incorporated manufactures custom glass
and mirror products in Clearwater, Florida. The company provides
services including custom glass panels, shower enclosures, office
partitions, beveled mirrors, decorative glass, glass railings, and
glass staircase railings. It also provides delivery, crating, and
shipping services for glass and mirror products. Tempered Glass
Industries serves residential and commercial projects in West
Central Florida, including the Clearwater and Tampa areas.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04088) on May 14,
2026, with $1 million to $10 million in assets and liabilities.
Robert C. Whitlow, Jr., president, signed the petition.
Daniel R. Fogarty, Esq., at Stichter, Riedel, Blain, & Postler P.A.
represents the Debtor as legal counsel.
THERAPY TREE: Seeks to Hire Engelman Berger P.C. as Counsel
-----------------------------------------------------------
Therapy Tree PLLC seeks approval from the U.S. Bankruptcy Court for
the District of Arizona to hire Engelman Berger, P.C. as counsel.
The firm's services include:
a. advising the Debtor with respect to its powers and duties
as debtor-in possession in the continued management and operation
of its business and property;
b. representing Debtor at the initial meeting of creditors
under 11 U.S.C. Sec. 341, the initial debtor interview, and all
Court hearings, adversary proceedings or contested matters that
have been or may be filed herein;
c. attending meetings and negotiating with representatives of
creditors and other parties-in-interest and advising and consulting
on the conduct of this bankruptcy case, including all of the legal
and administrative requirements of operating in Chapter 11;
d. assisting Debtor with the preparation of its Schedules of
Assets and Liabilities and Statement of Financial Affairs;
e. advising Debtor with respect to any contemplated sales or
acquisitions of assets and/or business combinations, formulating
and implementing appropriate closing procedures for such
transactions, and preparing and prosecuting all motions and/or
pleadings necessary to obtain the Court's authorization for such
transactions;
f. advising Debtor with respect to any post-petition financing
and cash collateral arrangements; negotiating, drafting and
prosecuting all documents, motions and pleadings relating thereto;
g. advising Debtor on all matters relating to the assumption,
rejection or assignment of unexpired leases and executory
contracts;
h. advising Debtor with respect to legal issues arising in or
relating to the Debtor's ordinary course of business, including
attending meetings of management, financial and turnaround
advisors, accounting firms, special counsel, and other
professionals employed by Debtor;
i. taking all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on Debtor's
behalf, the defense of any actions commenced against Debtor,
objecting to claims filed against the Debtor's estate, and
negotiating and effecting settlements of the same;
j. preparing, negotiating and taking all actions necessary to
obtain confirmation of a plan of reorganization and related
agreements and documents; and
k. performing all other legal services relating to the
administration and conduct of the Debtor's estate in its efforts to
reorganize.
The firm will be paid at these rates:
Steven N. Berger $850/hr.
Bradley D. Pack $635/hr.
Other EB Shareholders $525-$850/hr.
EB Associates $300-$395/hr.
EB Paralegals $200-$290/hr.
The firm will be paid a retainer in the amount of $60,000.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Berger, a partner of Engelman Berger, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Steven N. Berger, Esq.
Engelman Berger, P.C.
2800 North Central Avenue, Suite 1200
Phoenix, AZ 85004
Tel: (602) 271-9090
Fax: (602) 222-4999
Email: snb@eblawyers.com
About Therapy Tree PLLC
Therapy Tree PLLC is a Phoenix, Arizona-based provider of pediatric
multi-disciplinary rehabilitative therapy services. The company
offers speech, occupational, physical, and feeding therapy for
children throughout the Phoenix metropolitan area. It also
participates in the sensory rooms market and continues to operate
its clinical facilities while undergoing reorganization.
Therapy Tree PLLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-06777) on July 10, 2026. In its
petition, the Debtor reported estimated assets between $1 million
and $10 million and estimated liabilities between $1 million and
$10 million.
Honorable Daniel P. Collins handles the case.
The Debtor is represented by Steven N. Berger, Esq., and Bradley
David Pack, Esq., of Engelman Berger PC.
TODD CREEK: Trustee Hires Markus Williams LLC as Counsel
--------------------------------------------------------
Andrew D. Johnson, in his capacity as Chapter 11 trustee for Todd
Creek Farms Homeowners Association Inc., seeks approval from the
U.S. Bankruptcy Court for the District of Colorado to employ Markus
Williams LLC as his counsel.
The firm will render these services:
(i) assist with investigating the facts and circumstances of
this case, and develop and implementing a strategy to administer
this case;
(ii) assist in the production of documents necessary to
administer this case;
(iii) assist in the preparation of a plan of reorganization or
liquidation and disclosure statement;
(iv) prepare on behalf of the Trustee all necessary answers,
applications, complaints, motions, orders, reports, and other legal
papers;
(v) represent the Trustee in any adversary proceeding or
contested matter related to this case;
(vi) provide legal advice with respect to the Trustee's duties,
obligations, powers, and rights as the chapter 11 trustee in the
continuing operation of the Debtor's business and the
administration of the estate; and
(vii) provide other legal services for the Trustee as necessary
and appropriate for the administration of the Debtor's estate.
The firm will be paid at these rates:
Attorneys $365 to $695 per hour
Paralegal $195 per hour
Legal Assistants $175 per hour
In addition, the firm will seek reimbursement for expenses
incurred.
Markus Williams LLC is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code, according to
court filings.
The firm can be reached through:
Patrick R. Akers, Esq.
Markus Williams LLC
1775 Sherman Street, Suite 1950
Denver, CO 80203
Telephone: (303) 830-0800
Facsimile: (303) 830-0809
Email: parkers@markuswilliams.com
About Todd Creek Farms Home Owners Association
Todd Creek Farms Home Owners Association Inc. is a residential
community management organization that oversees common areas,
enforces covenants, and provides services to homeowners in the Todd
Greek Farms development.
Todd Creek Farms Home Owners Association Inc. sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No.
25-14385) on July 15, 2025. In its petition, the Debtor reports
estimated assets between $500,000 and $1 million and estimated
liabilities between $100,000 and $500,000.
Honorable Bankruptcy Judge Kimberley H. Tyson handles the case.
The Debtors are represented by Jeffrey Weinman, Esq. at Allen
Vellone Wolf Helfrich & Factor P.C.
TOTAL AIR: Unsecureds Will Get 20% of Claims over 72 Months
-----------------------------------------------------------
Total Air Services, LLC filed with the U.S. Bankruptcy Court for
the Western District of Texas an Original Disclosure Statement
describing Original Plan of Reorganization dated July 16, 2026.
Total Air is a Texas limited liability company whose Members are
Brandon Brooks (49%) and his spouse Janette Brooks (51%).
Total Air faced multiple financial stressors resulting in the
Chapter 11 filing which included:
* Internal Revenue Service (Prepetition Employment Taxes). On
the Petition Date, Total Air owed the United States of America,
Internal Revenue Service (the "IRS") for employment tax
liabilities. The IRS filed Proof of Claim No. 12 for a prepetition
balance of $150,273.91 (POC. No. 12) consisting of a Priority
Unsecured Claim in the amount of $137,829.85; and a General
Unsecured Claim in the amount of $12,444.06.
* Multiple Lawsuits. As reflected in the Schedules and
Statement of Financial Affairs, Total Air was a Defendant to
various lawsuits for collection and property damage on the Petition
Date.
The Plan proposes to reorganize Total Air Services, LLC by
continuing its business operations and paying allowed claims over
time from future revenue, while preserving the Debtor's existing
ownership structure. The Plan is designed to provide creditors with
recoveries that are at least as favorable as, and in many cases
more favorable than, liquidation under Chapter 7, while allowing
the Debtor to remain a going concern.
Priority tax claims, including the Internal Revenue Service and the
New Mexico Taxation and Revenue Department, are to be paid in full
over 60 monthly installments with interest beginning on the
Effective Date. Secured tax claims, including the City of El Paso
and the Texas Workforce Commission, are to be paid in full over 36
months with interest, and the applicable taxing authorities retain
their liens until paid. The secured SBA claim is paid over 36
months with interest, with the unsecured balance treated as a
general unsecured claim.
Ford Motor Credit Company/AIS secured vehicle claims are to be paid
according to the remaining contractual terms through monthly
installments beginning on the Effective Date. General unsecured
claims are projected to receive 20% of allowed claims, paid pro
rata over 72 months with interest beginning on the Effective Date.
Equity interests held by Brandon Brooks and Janette Brooks are
retained, subject to the Plan's terms.
The Plan is based on projected future operating revenue and assumes
the Debtor will remain current on postpetition taxes and other
ongoing obligations. If the Debtor defaults, the affected creditor
may have rights to accelerate the debt and pursue state or federal
collection remedies after notice and any applicable cure period.
Confirmation will depend, among other things, on the Court's
findings as to good faith, feasibility, and whether the Plan
provides each impaired class at least what it would receive in a
Chapter 7 liquidation.
Class 7 consists of General Unsecured Claims. Based on Proofs of
Claim filed to date and its Schedules, Total Air estimates that
General Unsecured Claims total $564,084.57. Class 7 shall be paid
20% of the total General Unsecured Claims $112,816.91 on a pro-rata
basis over seventy-two months with interest at 5.25%. Monthly
payments in the total amount of $1,830.02 (including interest) will
be made beginning on the Effective Date with like payments to be on
the 15th day of each succeeding month. All payments will be shared
pro-rata amongst the Class 7 creditors. Total Air will be the
disbursing agent for Class 7.
Class 8 consists of Equity Interest Holders. Equity interest
holders are parties who hold an ownership interest in Total Air. In
a corporation, those holding preferred or common stock are equity
interest holders. The members of Class 8 are Brandon Brooks and
Janette Brooks. Brandon Brooks and Janette Brooks will retain their
stock ownership in Total Air.
The Plan is based on the future earnings of Total Air and it will
commit this revenue to funding the Plan.
Total Air believes that the Estate will generate sufficient future
income to fund the obligations under the proposed Plan and that no
further reorganization proceedings are likely.
A full-text copy of the Original Disclosure Statement dated July
16, 2026 is available at https://urlcurt.com/u?l=leqOGt from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Carlos A. Miranda, Esq.
Carlos G. Maldonado, Esq.
MIRANDA & MALDONADO, P.C.
5915 Silver Springs, Bldg. 7
El Paso, TX 79912
Telephone: (915) 587-5000
Facsimile: (915) 587-5001
E-mail: cmiranda@eptxlawyers.com
cmaldonado@eptxlawyers.com
About Total Air Services, L.L.C.
Total Air provides residential and commercial HVAC services,
including installation, repair, preventive maintenance, and indoor
air quality solutions for major brands such as Carrier, Trane,
York, Rheem, Daikin, Fujitsu, American Standard, and Amana.
Total Air Services, L.L.C. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tex., El Paso Div. Case No.
25-31485-CGB) on November 11, 2025.
At the time of the filing, the Debtor had estimated assets of
between $500,001 and $1 million, and liabilities of between
$1,000,001 and $10 million.
Miranda & Maldonado, P.C. is the Debtor's legal counsel.
TRADAVO INC: Mark Dennis of SL Biggs Named Subchapter V Trustee
---------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Tradavo, Inc.
Mr. Dennis will be paid an hourly fee of $500 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Dennis declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Mark D. Dennis, CPA
SL Biggs, A Division of SingerLewak, LLP
2000 S. Colorado Blvd., Tower 2, Ste. 200
Denver, CO 80222
Phone: 303-226-5471
Email: mdennis@slbiggs.com
About Tradavo Inc.
Tradavo, Inc. is a Lakewood, Colorado-based wholesale distributor
that provides food, beverages and related products to the
hospitality sector, with a particular focus on campground retail
operations. In addition to food and beverage products, the company
distributes electronics and other merchandise. Prior to its
bankruptcy filing, Tradavo discontinued its employee health and
benefit plans in late 2025 as part of its operational
restructuring.
Tradavo filed for protection under Subchapter V of Chapter 11 of
the Bankruptcy Code (Bankr. D. Colo. Case No. 26-15129) on July 16,
2026. Bankruptcy schedules list estimated assets ranging from
$100,000 to $500,000 and estimated liabilities ranging from $1
million to $10 million.
The case has been assigned to Honorable Joseph G. Rosania Jr.
Tradavo, Inc., is represented by Keri L. Riley, Esq., at Kutner
Brinen Dickey Riley, P.C.
TRAVADO INC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Tradavo, Inc.
3333 South Wadsworth Blvd., Suite D125
Lakewood, CO 80227
Business Description: Tradavo is a Denver-based retail services
company founded in 2006. It designs and manages hotel lobby retail
spaces through design, merchandising, procurement, inventory and
vendor management, installation, training, and retail-reporting
technology. The company serves hospitality and lodging operators,
including branded and independent hotels.
Chapter 11 Petition Date: July 16, 2026
Court: United States Bankruptcy Court
District of Colorado
Case No.: 26-15129
Judge: Hon. Joseph G Rosania Jr.
Debtor's Counsel: Keri L. Riley, Esq.
KUTNER BRINEN DICKEY RILEY, P.C.
1660 Lincoln St.
Denver, CO 80264
Tel: (303) 832-2400
Email: klr@kutnerlaw.com
Estimated Assets: $100,000 to $500,000
Estimated Liabilities: $1 million to $10 million
The petition was signed by Bobby Martyna as president.
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/6QNGHXI/Tradavo_Inc__cobke-26-15129__0003.0.pdf?mcid=tGE4TAMA
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/6KGU2MQ/Tradavo_Inc__cobke-26-15129__0001.0.pdf?mcid=tGE4TAMA
TWENTY EIGHT: Gets OK to Use Cash Collateral Until Aug. 31
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Hampshire
authorized Twenty Eight Hundred Lafayette, Inc. to continue using
cash collateral through August 31 to fund operations.
During the authorized period, the Debtor may spend up to
$203,741.85 in accordance with the court-approved budget for
August.
As protection for the Debtor's use of their cash collateral,
secured creditors including Enterprise Bank & Trust, Rockingham
Economic Development Corp. and the U.S. Small Business
Administration will be granted replacement liens on property
acquired by the Debtor after the petition date that is similar to
their pre-bankruptcy collateral.
The replacement liens do not apply to any Chapter 5 actions.
As additional protection, the Debtor is required to continue making
monthly payments to its secured creditors, including $3,907.48 to
Rockland Trust (formerly Enterprise Bank), $3,156.11 to the U.S.
Small Business Administration/Wells Fargo, and $1,509.26 to
Rockingham Economic Development Corporation.
The Debtor is also required to continue satisfying additional
administrative obligations, including monthly payments of $5,000
toward outstanding U.S. Trustee fees, and to continue payments to
REDC under prior court orders.
The order preserves all parties' rights by providing that it does
not determine the validity, priority, extent, or enforceability of
any asserted liens or claims, nor does it prejudice the Debtor's or
creditors' rights to pursue claims under Chapter 5 of the
Bankruptcy Code or seek further relief.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/NpGNp from PacerMonitor.com.
The next hearing is scheduled for August 26. Objections are due by
August 19.
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 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
UTZ QUALITY: Moody's Puts 'B2' CFR Under Review for Downgrade
-------------------------------------------------------------
Moody's Ratings placed Utz Quality Foods, LLC's ("Utz") B2
Corporate Family Rating and B2-PD Probability of Default Rating
under review for downgrade following the announced take-private
transaction with Intersnack Group GmbH & Co. KG ("Intersnack"). The
B2 rating on the senior secured first lien term loan and the SGL-2
speculative grade liquidity rating are unaffected. The outlook was
previously negative.
The review follows Utz's July 21, 2026 announcement that it entered
into a definitive agreement under which Intersnack will acquire all
outstanding Class A common shares of Utz for $14.25 per share in
cash. The transaction values Utz at an enterprise value of
approximately $2.9 billion. Upon closing, Utz will become a
privately held company owned equally by the Rice and Lissette
Family entities and Intersnack. Intersnack is a family-founded,
privately-owned, multinational snack company with approximately $5
billion of annual revenue and operations primarily in Europe and
Oceania. The transaction is expected to be financed through a
combination of approximately $920 million of cash from Intersnack,
a new $1.1 billion term loan facility, a new $250 million ABL
facility, rollover equity from the Rice and Lissette Family, and a
reinvestment by the Rice and Lissette Family of a portion of the
proceeds from the $44 million settlement of the company's tax
receivable agreement in connection with the transaction. The
transaction is expected to close in the fourth quarter of 2026,
subject to customary closing conditions and shareholder approvals.
Governance considerations are a key driver of the rating action.
Moody's placed Utz's CFR and PDR under review for downgrade because
the transaction meaningfully increases debt and creates uncertainty
regarding future financial policy and shareholder distributions
under the planned 50/50 ownership structure between Intersnack and
the Rice and Lissette Family.
Based on the announced financing structure, which includes the
expected repayment of Utz's existing term loan and the issuance of
new debt to fund the transaction, Moody's estimates debt would
increase by more than $400 million, resulting in materially higher
leverage. Utz has not yet commented on public company costs or
other opportunities to streamline its cost structure; however,
Moody's do not expect it to provide a corresponding increase in
EBITDA because it primarily represents a leveraged acquisition of
Utz's outstanding Class A common shares by Intersnack, funded
through a combination of debt and equity.
Partially offsetting these risks are the potential strategic
benefits of partnering with Intersnack, including expanded
innovation, R&D, manufacturing, and procurement capabilities. In
addition, the elimination of public company dividends could support
free cash flow generation, although future shareholder
distributions and overall financial policy under the new ownership
structure will remain important considerations during the review.
The rating on the existing senior secured first lien term loan is
unaffected because Moody's expects the facility to be repaid at
closing as part of the acquisition financing. Moody's expects to
withdraw the term loan rating upon repayment of the facility
following completion of the transaction.
In the review, Moody's will assess Utz's (1) pro forma capital
structure and leverage, (2) financial policy under the new
ownership structure, (3) liquidity profile and expected use of free
cash flow, and (4) future operating strategy and strategic benefits
from the partnership with Intersnack.
RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR
DOWNGRADE OF THE RATINGS
Utz's existing B2 CFR reflects its relatively small share of the
large and attractive salty snacks market, growing distribution
footprint across the US, and modest business diversification. The
snacking category generally benefits from favorable consumer trends
toward increased snacking throughout the day, although more
indulgent snack categories have recently experienced softer demand
in the US Competition remains intense, particularly from larger and
more diversified competitors with greater scale and investment
capacity. Debt-to-EBITDA leverage remains high at approximately
8.0x (Moody's-adjusted) as of March 2026, and free cash flow
remains weak, constrained by shareholder distributions and ongoing
investments to support growth and improve operating efficiency.
However, prior to the announced transaction, Moody's expected
leverage to decline below 6.0x over the next 12-18 months as supply
chain transformation costs moderate, productivity savings are
realized, and investments in geographic expansion, marketing, and
innovation support organic sales growth. Moody's also expected free
cash flow to improve as capital spending moderates.
An upgrade is unlikely while the ratings remain under review for
downgrade in connection with the pending transaction with
Intersnack. However, a rating upgrade could occur if Utz
demonstrates sustained positive organic revenue growth and higher
EBITDA margins. The company would also need to maintain
debt-to-EBITDA below 5.0x, sustain retained cash flow (RCF) to net
debt above 10%, maintain good liquidity, and consistently generate
comfortably positive free cash flow.
A rating downgrade could result from the pending transaction with
Intersnack. A downgrade could also occur if operating performance
weakens due to factors such as volume declines or margin pressure,
if free cash flow remains negative or weak, or if the company
adopts a more aggressive financial policy, including large
debt-financed acquisitions. A downgrade could also occur if
debt-to-EBITDA is sustained above 6.5x or if liquidity
deteriorates.
A comprehensive review of all credit ratings for the respective
issuer(s) has been conducted during a rating committee.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Consumer
Packaged Goods published in February 2026.
COMPANY PROFILE
Utz Quality Foods, LLC, headquartered in Hanover, PA, is a branded
salty snack producer and marketer. Key products include potato
chips, tortilla chips, pretzels, cheese snacks, pork skins,
popcorn, and pub/party mixes. The company's brand portfolio is well
known in its core markets and includes Utz, On the Border, Boulder
Canyon, Zapp's, Golden Flake, TORTIYAH'S and others. Reported net
revenue was $1.4 billion for the 12 months ended March 29, 2026. In
August 2020, Utz Brands Holdings, LLC consummated a business
combination with Collier Creek Holdings ("Collier Creek"), a
special purpose acquisition company (SPAC) to form Utz Brands,
Inc., a publicly traded company that is listed on the New York
Stock Exchange. Series U of UM Partners, LLC and Series R of UM
Partners, LLC have approximately 40% of the company's economic
ownership of Utz Brands Holdings, LLC, which is the holding company
and guarantor of the debt issued by the borrower Utz Quality Foods,
LLC. Utz Brands, Inc. is a holding company without any direct
operations and has no significant assets other than its ownership
interest in Utz Brands Holdings, LLC.
VEYTIA VENTURES: Gets Final OK to Use Cash Collateral
-----------------------------------------------------
Veytia Ventures, LLC received final approval from the U.S.
Bankruptcy Court for the Middle District of Florida to use cash
collateral to fund operations.
Under the final order, the Debtor is authorized to use cash
collateral from the petition date through September 30 in
accordance with the court-approved budget. Individual budget
categories may exceed planned amounts by 15%, provided total
expenditures do not exceed the overall budget by more than 10%.
Spending beyond these limits constitutes a default, allowing
creditors to seek emergency relief to stop further use of cash
collateral.
As adequate protection, creditors asserting valid security
interests, including the U.S. Small Business Administration will be
granted replacement liens on post-petition cash collateral, with
the same validity, extent, and priority as their pre-petition
liens. If the replacement liens prove insufficient, creditors may
seek a superpriority administrative claim under Section 507(b) of
the Bankruptcy Code.
The Debtor is required under the final order to submit monthly
operating reports detailing operations, collections, accounts
receivable, and disbursements.
The order preserves all parties' rights by making no determination
regarding the validity, priority, or amount of creditors' claims or
liens, while allowing the Debtor, any creditors' committee, or a
future trustee to challenge those claims in subsequent
proceedings.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/wwPsl from PacerMonitor.com.
About Veytia Ventures LLC
Veytia Ventures, LLC is a Florida limited liability company. The
bankruptcy petition does not disclose the company's specific
business operations, though the name suggests it may function as an
investment, holding, or business development enterprise.
Veytia Ventures, LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-04736) on June 1,
2026. In its petition, the Debtor reported assets of between
$100,001 and $500,000 and liabilities of between $1 million and $10
million.
The Debtor is represented by Kathleen DiSanto, Esq., at Bush Ross,
P.A.
VISBY MEDICAL: Secured Party Sets July 29, 2026 Public Auction
--------------------------------------------------------------
In accordance with, and pursuant to, the applicable provisions of
Sections 9-610 through 9-613 of the Uniform Commercial Code as in
effect in the State of New York, Ankara Trust Company, LLC in its
capacity as administrative and collateral agent (the "Agent") for
the Lenders, on behalf of Secured Parties, to all interested
parties that the Agent on behalf of the Secured Parties and acting
in its capacity as secured party under the Loan Agreement, will
sell all right, title, and interest of Visby Medical, Inc. (the
"Debtor") in all or a portion of the Debtor's assets (the "Assets")
at a public disposition in a commercially reasonable manner, to the
highest qualified bidder(s) (the "Public Sale"), and to effectuate
such Public Sale, is now soliciting bids from all qualified
bidders.
Pursuant to that certain Loan, Guaranty and Security Agreement,
dated as of March 4, 2025 (as amended by the First Amendment to
Loan, Guaranty and Security Agreement, dated as of August 1, 2025,
and as may be further amended, the "Loan Agreement"), among the
Debtor, the lenders party thereto (together, the "Lenders," and
together with the Agent, the "Secured Parties"), and the Agent, the
Debtor granted the Agent, for the benefit of the Lenders, a
security interest in the Assets to secure the Debtor's obligations
under the Loan Agreement.
Multiple events of default have occurred and are continuing under
the Loan Agreement, and the Secured Parties are entitled to dispose
of the Assets In accordance with the Loan Agreement.
The Debtor manufactures and sells FDA-cleared tests for sexually
transmitted infections (STIs), available both in
point-of-care settings and directly to consumers at home, and
respiratory infections (COVID-19 and flu), available for
point-of-care settings, empowering both physicians and patients to
test for infections. More information on the Debtor's business {s
available at https://visby.com.
The Assets subject to the Public Sale are all assets of the Debtor
that constitute Collateral as defined in the Loan Agreement,
including without limitation, all goods, accounts, equipment,
inventory, contract rights, general intangibles, intellectual
property (including all patents, trademarks, and copyrights),
instruments, deposit accounts, investment property, and all other
personal property of the Debtor wherever located, whether now owned
or thereafter acquired or arising, all proceeds and products
thereof. The Debtor's intellectual property may be reviewed through
the public databases of the United States Patent and Trademark
Office at www.uspto.gov and the U.S. Copyright Office Public
Catalog at cocatalog.loc.gov.
Interested bidders should reach cut to the Secured Parties' legal
counsel (i) Paul Weiss, Rifkind, Wharton & Garrison LLP ("Paul,
Weiss"), as counsel to the Lenders (Paul, Weiss, Rifkind, Wharton &
Garrison LLP, 1285 Avenue of the Americas, New York, New York
10019, Attention: Kyle Kimpler (kkimpler@paulweiss.com) and Jeffrey
Recher (jrecher@paulweiss.com), and (ii) Allen Overy Shearman
Sterling LLP, as counsel to the Agent (Allen Overy Shearman
Sterling LLP, 599 Lexington Avenue, New York, New York 10022,
Attention: Sara Coelho (Sara.Coelho@aouoshearman.com) and (Evan
Itzkowitz (Evan.Itzkowitz@aoshearman.com)) (together with Paul,
Weiss, the "Secured Parties' Advisors"), to express their interest
in purchasing the Assets.
All parties must with the requirements governing the Public Sale,
including, without limitation: (2) providing a form of agreement
for the purchase of the Assets, which must be in form and substance
acceptable to the Secured Parties; (2) providing proof of the
bidder's financial wherewithal to consummate the purchase of the
Assets, reasonably satisfactory to the Secured Parties; (3) a
commitment to pay the agreed-upon purchase price in cash with no
financing conditions (other than credit bids of the Secured
Parties); (4) agreement to be responsible for the payment of all
transfer taxes, stamp duties and similar taxes incurred in
connection with the purchase of the Assets; and (5) such other
information or reasonable deposit as the Secured Parties may
request in their discretion (collectively, the "Terms of Sale").
The Assets are being offered "as-is, where-is", with no express or
implied warranties, representations, or statements of conditions of
any kind made by the Secured Parties or any person acting for or on
behalf of the Secured Parties, without any recourse whatsoever to
the Secured Parties or any other person acting far or on behalf of
the Secured Parties, and each bidder must make its own inquiry
regarding the Assets and complete its own due diligence prior to
the auction.
The Secured Parties reserve the right to credit bid up to the full
amount of the Secured Parties' claims against the Debtor, remove
specific assets from the Assets for sale, set a minimum reserve
price, reject any or all unqualified bids (including, without
limitation, any bid made by a bidder that is unable to satisfy the
requirements set by the Secured Parties upon prospective bidders,
including the Terms of Sale, or to whom in the Secured Parties'
sole judgment a sale may not lawfully be made), and terminate or
adjourn the Public Sale to another time, without further notice.
The Secured Parties further reserve the right to impose limitations
of conditions in connection with the Public Sale of the Assets or
otherwise set sale procedures as the Secured Parties deem necessary
or advisable in order to facilitate a commercially reasonable sale
or comply with applicable laws.
The auction for the Public Sale will take place on July 29, 206 at
11:00 a.m., Eastern Time at the offices of Paul Weiss via web-based
video and/or telephonic conferencing program selected by the
Secured Parties. To register and participate in the auction,
prospective bidders must first reach out to the Secured Parties'
Advisors and demonstrate their ability to satisfy the Terms of
Sale, and the Secured Parties' Advisors will then provide such
prospective bidders with details enabling access to the web-based
video and/or telephonic conference for the auction.
All questions with respect to the Public Sale may be directed to
the Secured Parties' Advisors.
VIVOSIM LABS: Receives Nasdaq Equity Deficiency Notice
------------------------------------------------------
VivoSim Labs, Inc. said in a regulatory filing with the Securities
and Exchange Commission that, on July 20, 2026, it received a
written notice from the Listing Qualifications Staff of Nasdaq
indicating that, since the company's Annual Report on Form 10-K for
the period ended March 31, 2026 reported stockholders' equity of
$1,099,000, and as of July 20, the Company did not meet the
alternatives of market value of listed securities or net income
from continuing operations, the Company no longer met the
requirement to maintain a minimum of $2.5 million in stockholders'
equity, as set forth in Nasdaq Listing Rule 5550(b)(1).
The Company said that it has 45 calendar days from July 20, 2026,
or until Sept. 3, 2026, to submit to Nasdaq a plan to regain
compliance with Rule 5550(b)(1). If Nasdaq accepts the Company's
plan, Nasdaq may grant an extension of up to 180 calendar days from
July 20, 2026, or until Jan. 16, 2027, to regain compliance. If
Nasdaq does not accept the Company's plan, the Company will have
the right to appeal such decision to a Nasdaq hearings panel.
The notice has no immediate effect on the listing or trading of the
Company's common stock, and the Company's common stock continues to
be listed on the Nasdaq Capital Market under the symbol "VIVS."
Recent Transactions
Although the Company intends to submit to Nasdaq, within the
requisite time period, a plan to regain compliance with Rule
5550(b)(1), as of July 24, 2026, the Company's stockholders' equity
is in excess of $2.5 million, as a result of certain recent
transactions.
In July 2026, the Company received a milestone payment of $5.0
million from Eli Lilly and Company upon the achievement of a
certain development milestone related to the sale of its FXR Asset
in March 2025.
On July 16, 2026, the Company entered into a Securities Purchase
Agreement with an accredited institutional investor, pursuant to
which the Company issued and sold, in a private placement
transaction that closed on July 17, 2026:
(i) pre-funded warrants to purchase up to an aggregate of
4,705,883 shares of the Company's common stock and
(ii) accompanying warrants to purchase up to an aggregate of
4,705,883 shares of common stock, at the combined purchase price of
$0.85 per share of common stock subject to the pre-funded warrants
and accompanying common warrant, for gross proceeds to the Company
of approximately $4.0 million, before deducting placement agent
fees and other offering expenses.
In the Form 10-K, the Company reported a common stock warrant
liability of approximately $5.7 million associated with certain
common stock warrants issued in connection with a public offering
that closed on April 1, 2026. Between July 15, 2026 and July 17,
2026, approximately 3,370,827 of the 3,947,369 Common Warrants were
exercised for an aggregate of 6,820,000 shares of common stock,
resulting in an increase to stockholders' equity of approximately
$5.1 million.
As a result of the transactions, July 24, 2026, the Company's
stockholders' equity is in excess of $2.5 million. Additionally,
July 24, 2026, the Company has 12,057,789 shares of common stock
outstanding.
There can be no assurance that Nasdaq will accept the Company's
plan or that the Company will be able to maintain compliance with
Rule 5550(b)(1) or maintain compliance with any other Nasdaq
requirement in the future.
About VivoSim Labs Inc.
San Diego, Calif.-based VivoSim Labs, Inc., formerly known as
Organovo Holdings, Inc., is a pharmaceutical and biotechnology
services company that is focused on providing testing of drugs and
drug candidates in three-dimensional human tissue models of liver
and intestine.
As of March 31, 2026, the Company had $7.4 million in total assets,
$8.5 million in total liabilities, and $1.1 million in total
stockholders' deficit.
Rosenberg Rich Baker Berman, P.A., the Company's auditor since
2023, issued a "going concern" qualification in its report dated
July 14, 2026, attached to the Company's Annual Report on Form 10-K
for the year ended March 31, 2026, citing that the Company has
incurred recurring losses and negative cash flows from operations
and is dependent on additional financing to fund operations. These
conditions raise substantial doubt about its ability to continue as
a going concern.
WABNO HOSPITALITIES: Gets Extension to Access Cash Collateral
-------------------------------------------------------------
WABNO Hospitalities, Inc. received a one-month extension from the
U.S. Bankruptcy Court for the Southern District of New York,
Poughkeepsie Division, to use cash collateral.
The court entered a fifth interim order extending the Debtor's
authority to use cash collateral from July 15 through August 12
based on an approved budget.
Hudson Valley Credit Unio, a secured lender, will be granted
adequate protection through replacement liens on the Debtor's
post-petition collateral, including real property, furniture,
fixtures, equipment and rents. These replacement liens maintain the
same validity, priority, and enforceability as HVCU's pre-petition
liens.
As additional protection, HVCU will receive a $16,062.54 payment
from the Debtor by August 1.
The order is available at
http://bankrupt.com/misc/WABNO_CCOrder54.pdf
The next hearing is scheduled for August 11.
As of the petition date, WABNO owed HVCU approximately $3.42
million under a note and security agreement. HVCU holds a first
mortgage on the Debtor's hotel and a security interest in
substantially all personal property. The Debtor contends HVCU is
oversecured based on a pre-petition $7 million purchase offer for
the property and the resulting equity cushion.
The Debtor also owes approximately $500,000 to the U.S. Small
Business Administration, which it treats as wholly unsecured.
About WABNO Hospitalities
WABNO Hospitalities, Inc. operates a hotel and conference facility
in Newburgh, New York.
WABNO Hospitalities filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
26-35202) on Feb. 27, 2026, listing $7,360,708 in assets and
$5,133,999 in liabilities. Asif Javaid, vice president of WABNO
Hospitalities, signed the petition.
Judge Kyu Young Paek presides over the case.
Michelle L. Trier, at Genova, Malin & Trier, LLP, serves as the
Debtor's bankruptcy counsel.
WOHALI LAND: Trustee Taps Cohne Kinghorn as Special Counsel
-----------------------------------------------------------
Matt McKinlay, the Chapter 11 Trustee for Wohali Land Estates, LLC,
filed a supplemental application seeking approval from the U.S.
Bankruptcy Court for the District of Utah to employ Cohne Kinghorn,
P.C. as his special counsel.
The firm will render these services:
a. issue a subpoena, review documents, and conduct an
examination concerning the Discrete Matter;
b. assist in the preparation of such pleadings, motions,
notices, and orders as are required for the Discrete Matter; and
c. render legal advice and services to the Trustee regarding
such other matters relating to the Discrete Matter as may arise
from time to time.
The firm's customary hourly rates are:
George Hofmann, Esq. $525
Jeffrey Trousdale, Esq. $365
Attorneys $250 to $550
Paralegals $120 to $200
Cohne Kinghorn will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Jeffrey Trousdale, Esq., a partner at Cohne Kinghorn, P.C.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
George Hofmann, Esq.
Jeffrey Trousdale, Esq.
Cohne Kinghorn, P.C.,
111 East Broadway, 11th Floor
Salt Lake City, UT 84111
Tel: (801) 363-4300
Fax: (801) 363-4378
About Wohali Land Estates LLC
Wohali Land Estates, LLC develops the Wohali master-planned
community in Coalville, Utah, combining private residential
neighborhoods with public-access resort amenities such as a golf
course, lodge, spa, and dining facilities. The development's design
integrates luxury homes and estate lots with hospitality,
recreation, and infrastructure improvements including public
roadways, utility systems, and environmental stabilization
measures. Its operations include property maintenance and site
preparation to preserve asset value and support future
construction.
Wohali Land Estates sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Utah Case No. 25-24610) on August 8,
2025. In its petition, the Debtor reported between $100 million and
$500 million in assets and liabilities.
Honorable Bankruptcy Judge Peggy Hunt handles the case.
Matt McKinlay, the Debtor's Chapter 11 trustee, tapped Foley &
Lardner, LLP as bankruptcy counsel; Cohne Kinghorn, P.C. as special
counsel; Ampleo Turnaround and Restructuring, LLC as financial
adviser; and Ampleo Turnaround and Restructuring, LLC as
professional consultant.
EB5AN Wohali Utah Fund XV, LP, as DIP lender, is represented by
Michael R. Johnson, Esq., Jeffrey W. Shields, Esq., and David H.
Leigh, Esq., at Ray Quinney & Nebeker, P.C., in Salt Lake City,
Utah.
WRENCHERS LLC: Gets Final OK to Use Cash Collateral
---------------------------------------------------
Wrenchers, LLC received final approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to use cash collateral
to fund its operations.
Under the final order, the Debtor is authorized to use cash
collateral based on its 13-week budget.
The Debtor is authorized to spend up to $65,000 per week, subject
to a 15% variance per line item. The court prohibits payment of
pre-petition debts, except for authorized payments to secured
creditors as adequate protection. Meanwhile, payment of
professional fees and the Subchapter V trustee's fees requires
further court approval.
Secured creditors with valid pre-petition interests in cash
collateral including JPMorgan Chase Bank, N.A. and the U.S. Small
Business Administration will be granted adequate protection through
replacement liens on post-petition collateral. In addition, the SBA
and JPMorgan will receive monthly payments of $500 and $3,500,
respectively.
The order is available at https://shorturl.at/tmPw1 from
PacerMonitor.com.
As of the bankruptcy filing, Wrenchers reported approximately
$232,200 in assets, including $41,000 in cash, $6,200 in accounts
receivable, $10,000 in furniture and office equipment, and $175,000
in shop equipment and tools.
The Debtor's financial difficulties primarily arise from
obligations inherited from the prior owner, including unfinished
customer projects with prepaid deposits, costs to correct defective
work, facility expansion expenses, and assumed acquisition-related
debt, totaling approximately $1.2 million. In 2025, two customers
filed lawsuits against the business and Mr. Ackerman, each seeking
over $400,000, further increasing legal costs. Although the Debtor
disputes the claims, litigation expenses have strained liquidity.
Despite generating approximately $200,000 in monthly revenue since
December 2025, operating costs, debt service, and litigation
expenses have exceeded income, leading to the Chapter 11 filing.
About Wrenchers LLC
Wrenchers, LLC is a Michigan-based automotive restoration business
specializing in classic cars, hot rods, and muscle cars.
Wrenchers filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46367) on June 2,
2026, with up to $500,000 in assets and up to $1 million in
liabilities. Patrick Ackerman, principal, signed the petition.
Judge Lisa S. Gretchko oversees the case.
Robert Bassel, Esq., represents the Debtor as legal counsel.
Richardo Kilpatrick, Esq., at Kilpatrick & Associates, P.C. serves
as Subchapter V trustee for the Debtor.
ZEUS US BIDCO:S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to Zeus US
Bidco LLC (Senior AeroFlow).
At the same time, S&P assigned its 'B' issue-level and '3' recovery
ratings to the company's proposed revolving credit facility and
term loan B.
The stable outlook reflects S&P's expectation that free cash flow
will remain solid, but sponsor ownership could result in S&P Global
Ratings-adjusted EBITDA remaining near 5x.
Tinicum and Blackstone are acquiring Senior plc with a new $875
million term loan B and cash equity and combining it with Tinicum's
portfolio company, AeroFlow Technologies. These entities are
combining to create Senior AeroFlow, a sponsor-owned provider of
aerospace and industrial fluid conveyance and thermal management
systems.
Senior AeroFlow is being capitalized with a combination of debt and
equity. Senior plc, a fluid conveyance and thermal management
systems provider for aerospace, defense, and industrial original
equipment manufacturers (OEMs) is combining with AeroFlow, a
manufacturer of complex and highly engineered tube and duct
assemblies. The sponsor is funding the transaction with a new $875
million term loan B and new cash equity contributed by financial
sponsors. Senior AeroFlow will also have access to a new $150
million revolving credit facility, which S&P expects to be undrawn
at close for the company to use for future acquisitions and to
bolster liquidity.
Senior AeroFlow is well-positioned to capitalize on market
conditions and realize organic growth. S&P said, "We expect market
growth and some market share gain to drive organic growth. With
strong demand and extended supply constraints, the aerospace
industry backlog is about 10 years' production. Aging commercial
aircraft fleets will likely to be replaced with newer, more
efficient models, creating additional business, and we expect the
aerospace business to grow faster than the industrials business."
The combination of the two companies could position Senior AeroFlow
to win more business given the ability to manufacture bespoke parts
for complex systems. Because the products and systems will likely
be high-performing and authorized for aircraft, Senior AeroFlow has
opportunities to improve margins while driving organic revenue
growth.
The company is well-diversified across customers and aircraft
platforms. Senior AeroFlow occupies an important position as a
supplier of mission-critical components to major OEMs and tier 1
suppliers and has no significant customer concentration. S&P said,
"We view the high-specification, regulated, "design-in" nature of
its components as creating stickiness with customers due to high
switching costs. Senior AeroFlow primarily provides components for
new aircraft, with modest aftermarkets sales. It is therefore
somewhat tied to the OEMs' success in ramping up production rates.
The company has moderate end-market diversification, with
industrial customers—including heavy trucks and off-road vehicles
and power generation and general industrial
applications--accounting for about a third of sales. We anticipate
the aerospace segment will grow faster than the industrial segment
over the next few years."
The rating reflects Senior AeroFlow's modest size, high leverage,
and solid cash flow. With about $1.3 billion pro forma annual
revenue, Senior AeroFlow is positioned toward the larger end of our
smallest rated components and systems manufacturers compared with
competitors such as Mahseer Holdings LLC (PennAero), Signia
Aerospace LLC, Goat Holdco LLC (Barnes Group), Karman Space and
Defense, and Chromalloy Corp., with revenues in the $500
million-$1.6 billion range. AAR Corp. is more than twice Senior
AeroFlow's size.
S&P said, "We expect debt to EBITDA to be above 5x at transaction
close but improve throughout our forecast as earnings grow and
transaction and integration costs start to decline. Absent sizable
acquisitions or dividends, Senior AeroFlow's leverage could decline
and remain below 5x. Acquisitions could be part of growth
strategies and one-time integration costs could prolong the
improvement timeline. We expect solid free cash flow throughout our
forecast of $20 million-$40 million annually."
Senior AeroFlow's financial policy will help determine the rating
trajectory. A growing top line combined with improving margins
could lead to stronger credit metrics. The magnitude depends on
management's and the owners' financial policy. S&P said, "We think
leverage reduction is more likely to stem from earnings growth than
debt reduction. We anticipate the company could pursue growth
through opportunistic acquisitions, funded with the revolver
borrowings and internally generated cash flow. If the company is
more aggressive than we now expect, it could sustain debt to EBITDA
above 5x if it takes on additional debt to fund the growth."
S&P said, "The stable outlook reflects Senior AeroFlow's market
position and favorable market dynamics, as well as our expectation
that free cash flow will remain favorable. Its financial policy
could keep S&P Global Ratings-adjusted debt to EBITDA near 5x.
"We could lower our rating on Senior AeroFlow if it sustains debt
to EBITDA above 7x or free cash flow approaches break even." This
could occur if:
-- Integration challenges result in weaker profitability than S&P
now expects, for example if the company is unable to realize cost
savings;
-- The company fails to grow organically through new business
wins; or
-- It pursues growth through debt-financed acquisitions.
Although unlikely in the near term due to financial-sponsor
ownership, S&P could raise the rating on Senior AeroFlow if its
debt to EBITDA declines well below 5x and the sponsor shows a
commitment to maintaining such credit metrics, or it achieves
significant margin improvement for a prolonged period. This could
occur if:
-- EBITDA margins grow faster than S&P now expects as cost
synergies are more substantial than it anticipates;
-- The company captures new business through organic growth; and
-- The sponsor commits to maintaining improved credit ratios, even
with potential acquisitions.
[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re T.D. Property Investment, LLC GA
Bankr. N.D. Ga. Case No. 26-58793
Chapter 11 Petition filed July 7, 2026
Filed Pro Se
In re Hutco Corporation
Bankr. E.D. Cal. Case No. 26-23949
Chapter 11 Petition filed July 10, 2026
See
https://www.pacermonitor.com/view/7FPSHPA/Hutco_Corporation__caebke-26-23949__0001.0.pdf?mcid=tGE4TAMA
represented by: Stephan M. Brown, Esq.
THE BANKRUPTCY GROUP, P.C.
E-mail: ECF@thebklawoffice.com
In re PSB NY Holdings LLC
Bankr. E.D.N.Y. Case No. 26-43379
Chapter 11 Petition filed July 10, 2026
See
https://www.pacermonitor.com/view/JYNPJTY/PSB_NY_Holdings_LLC__nyebke-26-43379__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re J&J Hospitality Group
Bankr. W.D. Pa. Case No. 26-21943
Chapter 11 Petition filed July 13, 2026
See
https://www.pacermonitor.com/view/27WUWDI/JJ_Hospitality_Group__pawbke-26-21943__0001.0.pdf?mcid=tGE4TAMA
represented by: Brian C. Thompson, Esq.
THOMPSON LAW GROUP, P.C.
E-mail: bthompson@thompsonattorney.com
In re Genisis Sports Medicine & Rehabilitation LLC
Bankr. N.D. Ga. Case No. 26-59163
Chapter 11 Petition filed July 14, 2026
See
https://www.pacermonitor.com/view/UPLZAEI/Genisis_Sports_Medicine__Rehabilitation__ganbke-26-59163__0001.0.pdf?mcid=tGE4TAMA
represented by: Kenneth Mitchell, Esq.
GIDDENS MITCHELL & ASSOCIATES P.C.
E-mail: gmapclaw@gmail.com
In re Performance Service and Repair, LLC
Bankr. S.D. Ind. Case No. 26-90782
Chapter 11 Petition filed July 14, 2026
See
https://www.pacermonitor.com/view/N3IRFKY/Performance_Service_and_Repair__insbke-26-90782__0001.0.pdf?mcid=tGE4TAMA
represented by: KC Cohen, Esq.
KC COHEN, LAWYER, PC
E-mail: kc@esoft-legal.com
In re SSANG 7709 LLC
Bankr. E.D.N.C. Case No. 26-03167
Chapter 11 Petition filed July 14, 2026
See
https://www.pacermonitor.com/view/RFJE4LA/SSANG_7709_LLC__ncebke-26-03167__0001.0.pdf?mcid=tGE4TAMA
represented by: Ciara L. Rogers, Esq.
WALDREP WALL BABCOCK & BAILEY PLLC
E-mail: notice@waldrepwall.com
In re Coldwater Mountain Brewpub, LLC
Bankr. N.D. Ala. Case No. 26-40813
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/3LP6FHI/Coldwater_Mountain_Brewpub_LLC__alnbke-26-40813__0001.0.pdf?mcid=tGE4TAMA
represented by: Harry P. Long, Esq.
LONG & UPTON, LLC
E-mail: hlonglegal18@gmail.com
In re Rosemaria Geraldine Altieri
Bankr. C.D. Cal. Case No. 26-12160
Chapter 11 Petition filed July 15, 2026
represented by: Aaron De Leest, Esq.
In re Tanyarat Dashakanoktanap Forbes
Bankr. C.D. Cal. Case No. 26-17012
Chapter 11 Petition filed July 15, 2026
In re Atelaite Tangimausia Kava
Bankr. N.D. Cal. Case No. 26-41420
Chapter 11 Petition filed July 15, 2026
represented by: Matthew Metzger, Esq.
In re NEDCHC
Bankr. D. Colo. Case No. 26-15098
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/JCOXFFI/NEDCHC__cobke-26-15098__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re Hometown Hospitality LLC
Bankr. N.D. Fla. Case No. 26-40414
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/7P4QTDA/Hometown_Hospitality_LLC__flnbke-26-40414__0001.0.pdf?mcid=tGE4TAMA
represented by: Byron W. Wright III, Esq.
BRUNER WRIGHT, P.A.
E-mail: twright@brunerwright.com
In re Lionel Joseph Nelson
Bankr. E.D. La. Case No. 26-11718
Chapter 11 Petition filed July 15, 2026
represented by: J. Nunnery, Esq.
In re 292 7th Street, LLC
Bankr. D.N.J. Case No. 26-18080
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/SOUAXJI/292_7th_Street_LLC__njbke-26-18080__0001.0.pdf?mcid=tGE4TAMA
represented by: Steven D Pertuz, Esq.
THE LAW OFFICES OF STEVEN D PERTUZ LLC
E-mail: pertuzlaw@verizon.net
In re Gotham Homes 2 LLC
Bankr. E.D.N.Y. Case No. 26-43422
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/OPPUO4A/GOTHAM_HOMES_2_LLC__nyebke-26-43422__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re ETC Construction Co Inc
Bankr. E.D.N.Y. Case No. 26-43427
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/PVWPUIY/ETC_Construction_Co_Inc__nyebke-26-43427__0001.0.pdf?mcid=tGE4TAMA
represented by: Richard S. Feinsilver, Esq.
RICHARD S. FEINSILVER, ESQ.
E-mail: feinlawny@yahoo.com
In re Caroline A Vinar
Bankr. E.D.N.Y. Case No. 26-43426
Chapter 11 Petition filed July 15, 2026
represented by: Alla Kachan, Esq.
In re Cocorio LLC
Bankr. D.P.R. Case No. 26-03250
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/4DZY6ZY/COCORIO_LLC__prbke-26-03250__0001.0.pdf?mcid=tGE4TAMA
represented by: Jesus Enrique Batista Sanchez, Esq.
THE BATISTA LAW GROUP, PSC
E-mail: jeb@batistasanchez.com
In re McKenzie Alene Mecham and Justin Alma Cunningham
Bankr. D. Utah Case No. 26-24296
Chapter 11 Petition filed July 15, 2026
represented by: David P. Billings, Esq.
FABIAN VANCOTT
In re Gesualdo, LLC
Bankr. W.D. Wash. Case No. 26-12278
Chapter 11 Petition filed July 15, 2026
See
https://www.pacermonitor.com/view/ZMTT6OI/GESUALDO_LLC__wawbke-26-12278__0001.0.pdf?mcid=tGE4TAMA
represented by: Richard L. Pope, Jr., Esq.
LAKE HILLS LEGAL SERVICES PC
E-mail: rp98007@gmail.com
In re Kyle S Olson and Sarah C Olson
Bankr. W.D. Wisc. Case No. 26-11574
Chapter 11 Petition filed July 15, 2026
represented by: Colton Chase, Esq.
KREKELER LAW, S.C.
In re Soaring Eagles Townhomes Association, Inc.
Bankr. D. Colo. Case No. 26-15148
Chapter 11 Petition filed July 16, 2026
See
https://www.pacermonitor.com/view/G3VZTZA/Soaring_Eagles_Townhomes_Association__cobke-26-15148__0001.0.pdf?mcid=tGE4TAMA
represented by: Katharine Sender, Esq.
THE SENDER LAW FIRM
E-mail: kate@cosenderlaw.com
In re My Brother's BBQ, LLC
Bankr. S.D. Fla. Case No. 26-19354
Chapter 11 Petition filed July 16, 2026
See
https://www.pacermonitor.com/view/XDIV5MQ/My_Brothers_BBQ_LLC__flsbke-26-19354__0001.0.pdf?mcid=tGE4TAMA
represented by: Adam I. Skolnik, Esq.
LAW OFFICE OF ADAM I. SKOLKIK, PA
E-mail: askolnik@skolniklawpa.com
In re SkyTherapist Management Services Organization, Inc
Bankr. N.D. Ga. Case No. 26-59310
Chapter 11 Petition filed July 16, 2026
See
https://www.pacermonitor.com/view/Q7ZFXSI/SkyTherapist_Management_Services__ganbke-26-59310__0001.0.pdf?mcid=tGE4TAMA
represented by: Jamie Christy, Esq.
SCHREEDER WHEELER AND FLINT LLP
E-mail: jac@swfllp.com
In re Monikue Belt, Inc.
Bankr. N.D. Ill. Case No. 26-11742
Chapter 11 Petition filed July 16, 2026
See
https://www.pacermonitor.com/view/IBCFDFY/Monikue_Belt_Inc__ilnbke-26-11742__0001.0.pdf?mcid=tGE4TAMA
represented by: Ben Schneider, Esq.
THE LAW OFFICES OF SCHNEIDER AND STONE
E-mail: ben@windycitylawgroup.com
In re Segundo Morales
Bankr. E.D.N.Y. Case No. 26-43434
Chapter 11 Petition filed July 16, 2026
represented by: Lawrence Morrison, Esq.
In re Irakli I Lebanidze
Bankr. E.D.N.Y. Case No. 26-43438
Chapter 11 Petition filed July 16, 2026
represented by: Alla Kachan, Esq.
In re Volga Rose
Bankr. M.D. Tenn. Case No. 26-03384
Chapter 11 Petition filed July 16, 2026
In re David Allen Deason And Hayley Marie Deason
Bankr. M.D. Tenn. Case No. 26-03376
Chapter 11 Petition filed July 15, 2026
represented by: Jay Lefkovitz, Esq.
LEFKOVITZ & LEFKOVITZ, PLLC
In re Patrick Michael Schreiber and Leslie Ann Schreiber
Bankr. E.D. Va. Case No. 26-11695
Chapter 11 Petition filed July 16, 2026
represented by: James Campbell, Esq.
CAMPBELL CASTO CLARK, PC
In re Tyrell David Nelson and Nikki Tridda Nelson
Bankr. D. Md. Case No. 26-17739
Chapter 11 Petition filed July 17, 2026
represented by: Marie Pharaoh, Esq.
In re Matthew Thomas Swift
Bankr. D. Mont. Case No. 26-20184
Chapter 11 Petition filed July 17, 2026
represented by: Molly Considine, Esq.
PATTEN, PETERMAN, BEKKEDAHL & GREEN
PLLC FIRM
In re Matthew P Sass
Bankr. N.D. Ohio Case No. 26-51250
Chapter 11 Petition filed July 17, 2026
represented by: Steven Heimberger, Esq.
In re Cumulus Restaurants, LLC
Bankr. C.D. Cal. Case No. 26-17131
Chapter 11 Petition filed July 19, 2026
See
https://www.pacermonitor.com/view/KN6TFOI/Cumulus_Restaurants_LLC__cacbke-26-17131__0001.0.pdf?mcid=tGE4TAMA
represented by: Jason E. Turner, Esq.
J TURNER LAW GROUP, APC
In re Clifford James Harris
Bankr. S.D. Fla. Case No. 26-19443
Chapter 11 Petition filed July 19, 2026
represented by: Orville McKenzie, Esq.
In re Robinson Julien
Bankr. S.D. Fla. Case No. 26-19442
Chapter 11 Petition filed July 19, 2026
represented by: Beresford Landers, Esq.
In re Emnet Menyahil and Yared Mezlekia
Bankr. D. Md. Case No. 26-17774
Chapter 11 Petition filed July 20, 2026
represented by: Abigale Stojak, Esq.
In re C-M Transport, LLC
Bankr. E.D. Mich. Case No. 26-21113
Chapter 11 Petition filed July 19, 2026
See
https://www.pacermonitor.com/view/HSY2BNA/C-M_TRANSPORT_LLC__miebke-26-21113__0001.0.pdf?mcid=tGE4TAMA
represented by: David R. Heyboer, Esq.
HEYBOER LAW PLC
E-mail: heyboerlaw@gmail.com
In re Curtis Wayne Paskey and Evelyn Lee Paskey
Bankr. S.D. Tex. Case No. 26-35204
Chapter 11 Petition filed July 19, 2026
represented by: Susan Adams, Esq.
In re Efrain Renteria Sotelo and Maria Guadalupe Martinez Ramirez
Bankr. N.D. Cal. Case No. 26-51109
Chapter 11 Petition filed July 20, 2026
represented by: Arasto Farsad, Esq.
In re John Henry Potomski, Jr.
Bankr. M.D. Fla. Case No. 26-05441
Chapter 11 Petition filed July 20, 2026
See
https://www.pacermonitor.com/view/BZSOQEA/John_Henry_Potomski_Jr__flmbke-26-05441__0001.0.pdf?mcid=tGE4TAMA
represented by: Jeffrey S. Ainsworth, Esq.
BRANSON AINSWORTH PLLC
E-mail: jeff@bransonlaw.com
In re Victoria Latrease Bells
Bankr. N.D. Ga. Case No. 26-59442
Chapter 11 Petition filed July 20, 2026
Filed Pro Se
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