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260731.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, July 31, 2026, Vol. 30, No. 212 Headlines 100 MCKNIGHT: Seeks to Sell Student Housing Apartment at Auction 1205 SOUTHPORT: Gets Interim OK to Use Cash Collateral 121 NORTH: James LaMontagne Named Subchapter V Trustee 1251 PACIFIC: To Sell Brooklyn Property to Highest Bidder 205 61ST STREET: Lender Seeks to Prohibit Cash Collateral Access 307 COLLISION: Amends Ally Bank Secured Claim 35 BREW INC: Voluntary Chapter 11 Case Summary 3DEO INC: Aug. 12 Bid Deadline Set for Intellectual Property Assets 6100 PARK: Secured Party Sets August 20, 2026 Public Auction 626 HOSPICE: Wins Summary Judgment Bid in Williams Adversary Case 7 AT BLUE: Secured Creditor Seeks Chapter 11 Trustee Appointment A LINE BOUTIQUE: Hires Wadsworth Garber Warner Conrardy as Counsel ACADEMIES OF MATH: S&P Rates 2026A-B Revenue Bonds 'BB+' ACHIEVEABILITY THERAPY: Unsecured Creditors to Split $40K in Plan ACTIV TECHNOLOGIES: Secured Party Sets August 14 Public Auction ACUSHNET HOLDINGS: Moody's Affirms Ba2 CFR, Outlook Remains Stable AEGIS ASSET: 11th Cir. Affirms Disallowance of Cloud 9's Claims AEMETIS INC: BlackRock Discloses 3.97M Shares, 5.6% Equity Stake ALEA HOLDINGS: Seeks to Hire Omni as Claims and Noticing Agent ALECTO HEALTHCARE: Confirmation of Reorganization Plan Upheld ALL AMERICAN: Claims to be Paid from Ongoing Operations ALL DAY ACQUISITIONCO: S&P Withdraws 'B' Issuer Credit Rating ALL SEASONS: Claims to be Paid from Property Sale Proceeds ALLIED ELECTRICAL: Gets Interim OK to Use Cash Collateral ALLURE IMAGE: Unsecureds Will Get 7.75% of Claims over 5 Years AMERICA'S LISTING: Court Extends Cash Collateral Access to Sept. 2 AMERICAN EFFICIENT: Seeks $11.5MM DIP Loan from MIH LLC AMERICAN SIGNATURE: Seeks to Extend Plan Exclusivity to Oct. 19 APOGEE BREWING: Amends Several Secured Claims Pay Details ARTERRA WINES: Moody's Puts 'B3' CFR Under Review for Upgrade ARYA WINDERMERE: Secured Party Sets September 22 UCC Public Sale ATEG ENTERPRISES: Hwy 181 Property Sale to KSDS 2025 OK'd ATHERTON ASSOCIATES: Mark Sharf Named Subchapter V Trustee AUTOWERKS CSTX: Seeks to Hire Lane Law Firm as General Counsel BARCELONA BEST: Files Emergency Bid to Use Cash Collateral BATCH INC: Gets Interim OK to Use Cash Collateral Until Sept. 10 BLOOM HOTELS: Secures Interim Green Light for 364 Capital DIP Loan BUILTTOSUIT USA: Gets Interim OK to Use Cash Collateral BUZZFEED INC: Cuts Workforce 35%, Expects $32M Annualized Savings BYRUM'S FLOOR: Plan Confirmation Hearing Scheduled for Sept. 10 CANNON'S CLASS: Seeks $75,000 DIP Loan From Hard 2 Place Bonds CASHCALL INC: Court OKs Interim DIP Loan From Absolutely Zero CHERRY BUTTE: Elizabeth Lally Named Subchapter V Trustee CHERRY BUTTE: Gets Interim OK to Use Cash Collateral Until Aug. 11 CICC & SONS: Plan Exclusivity Period Extended to Sept. 28 CLACKAMAS PHYSICAL: Hires Michael D. O'Brien as Bankruptcy Counsel CLEAN ENERGY: Posts $662K Q1 Net Loss; Going Concern Doubt Remains CLEAR CHANNEL: BlackRock Discloses 30.22M Shares, 5.9% Stake CN HOLDINGS: Seeks to Sell Utah Firehouse Subs to Highest Bidder COGNITIVE ORGANICS: Frederic Schwieg Named Subchapter V Trustee COGNITIVE ORGANICS: Taps Roderick Linton Belfance as Legal Counsel COLLABOW INC: Gets Court OK to Use Cash Collateral COSAMIA LLC: Unsecured Creditors to Split $24K over 3 Years CPPIB OVM: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable CUMULUS RESTAURANTS: Gets Court Nod to Use Cash Collateral CUSTOM PET: Gets Final OK to Use Cash Collateral D 5030 WESTMINSTER: Hires Lindauer & Vaughn as Litigation Counsel DCA OUTDOOR: Seeks Approval to Tap AFIS as Forensic IT Investigator DOC'S DIVINE: Linda Gore Named Subchapter V Trustee DOHENY SUNSET: Seeks Cash Collateral Access DR JAMIE: Seeks Cash Collateral Access DRESSER UTILITY:S&P Assigns 'B-' ICR on Resilient Business Profile EDMUNDSON INC: Court OKs Deal to Use Cash Collateral ELEASE DAYCARE: Seeks to Tap Henkels & Baker as Bankruptcy Counsel ELLIOTT & SON: Court Extends Cash Collateral Access to Aug. 21 EMPIRE FACILITY: Updates Restructuring Plan Disclosures ENGLEWOOD CAR: Affiliate to Sell Sarasota Property to 710 Tamiami ETERNO RESORT: Seeks Chapter 11 Bankruptcy in Nevada EXIT ZERO: Gets Interim OK to Use Cash Collateral EXIT ZERO: Nicole Nigrelli Named Subchapter V Trustee EXTREME PROFITS: Amends Unsecured Claims Pay Details FIRST STEP: Gets Court Nod to Use Cash Collateral FOCUS UTILITY: Files Emergency Bid to Use Cash Collateral G&M HOME: Seeks to Tap Peter Spindel as General Bankruptcy Counsel GENESIS HEALTHCARE: Sidley Partner Disputes Ch. 11 Conflict Claims GLG INVESTMENTS: Committee Hires Sardi Law as Bankruptcy Counsel GLG INVESTMENTS: Seeks to Hire Trustee Realty as Estate Broker GLOBAL ENTERPRISE: Unsecureds Will Get 1.31% over 36 Months GOLDENPEAKS POLAND: Hires Houlihan Lokey as Investment Banker GOLF SERVICES: Seeks to Extend Plan Exclusivity to Sept. 18 GOOD MORNING: Gets Interim OK to Use Cash Collateral GREAT OUTDOORS: Moody's Alters Outlook on 'Ba3' CFR to Stable GVO PARTNERS: Seeks Approval to Hire Ordinary Course Professional HAGO PACK: Holly Miller Named Subchapter V Trustee HALLMARK FINANCIAL: Plan Confirmation Hearing Scheduled for Aug. 25 HALLMARK FINANCIAL: Plan Confirmation Hearing Scheduled for Aug. 25 HARDWOOD RESTAURANT: Plan Confirmation Hearing Set for Sept. 15 HILDALGO GROUP: Lender Seeks to Prohibit Cash Collateral Access HOMETOWN CHIROPRACTIC: Gets Interim OK to Use Cash Collateral HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to Sept. 28 ICALLIDUS INC: Voluntary Chapter 11 Case Summary ISLAND GASTROENTEROLOGY: Gets Extension to Access Cash Collateral J.F.M. 6090: Unsecureds to Recover 12% via Quarterly Payments JENK'S BEST: Hires The VersStandig Law Firm as Bankruptcy Counsel JJ STUCKEY: Gets Interim OK to Use Cash Collateral Until Aug. 31 JP DESIGN: Unsecureds to Get $12K per Year over 3 Years KAHN PROPERTY: Identifies Potential Chapter 11 Buyer KOCAK LLC: Seeks Cash Collateral Access Until Oct. 14 KUSTOM ENTMT: Amends Cycurion Divestiture Deal, Values It at $6.1M LAW OFFICES OF TRAVIS: Gets Extension to Access Cash Collateral LEISURE INVESTMENTS: Seeks Court OK to Sell Manatees, Dolphins Leroys Meats: Plan Confirmation Hearing Scheduled for Nov. 9 LIFE CONNECTIONS: Court Extends Cash Collateral Access to Aug. 7 LMK CONSTRUCTION: Kathleen DiSanto Named Subchapter V Trustee LOVE CHURCH: Unsecured Creditors to Split $30K over 3 Years M T J PAINT: Seeks Continued Cash Collateral Access MAINE DENTISTRY: Unsecureds to Get Share of Income for 36 Months MANN & WIFE: Files Emergency Bid to Use Cash Collateral MARQUIS STAR: Gets Final OK to Use Cash Collateral MAZCOTA LLC: Unsecureds to Get Share of Income for 60 Months MIRO HOUSE: Seeks Approval to Tap Bookkeeping Repair as Bookkeeper MIRO HOUSE: Seeks to Tap Porillo Ronk Legal Team as General Counsel MOUNTAIN PROVINCE: S&P Upgrades ICR to 'CCC-', Outlook Negative MVMT LABS: Gets Interim OK for DIP Financing From MNF DIP NORTH ATLANTA HOME: Gets Extension to Access Cash Collateral OCEAN PARKWAY: Plan Exclusivity Period Extended to Nov. 4 OCEAN POWER: Launches $20 Million ATM Offering with H.C. Wainwright ONYX SWNG: Seeks to Hire James J. Rufo as Bankruptcy Counsel OSTENDO TECHNOLOGIES: Hires Bachecki Crom & Co. as Accountant PALM GREENS: Trustee Hires Cimo Mark and Furr & Cohen as Counsel PALOMAR HEALTH: S&P Affirms 'CCC+' Long-Term ICR, Outlook Negative PANCAKES R US: Seeks to Tap Michael Jay Berger as General Counsel PAP-R PRODUCTS: Court Extends Cash Collateral Access to Oct. 31 PARADISE LAND: Gets Final OK to Use Cash Collateral PARKWAY CENTER: L. Todd Budgen Named Subchapter V Trustee PERFECT CHOICE: Plan Confirmation Hearing Scheduled for Sept. 9 PHOENIX CONVERTING: Gets OK to Use Cash Collateral Until Aug. 7 PHOENIX RACK: Has Deal on Cash Collateral Access PHOENIX RISING: Court Extends Cash Collateral Access to Aug. 4 PINE COSMETIC: Jolene Wee Named Subchapter V Trustee PLUTUS PROPERTIES: Gets Interim OK to Use Cash Collateral POPOVICH ENTERPRISES: Gets Extension to Access Cash Collateral POYDRAS CENTER: Secured Party Sets Sept. 24 Public Auction PRINTED MINT: Seeks to Hire Karpinski Bernstein as Accountant REMARKABLY MADE: Gets Interim OK to Use Cash Collateral REVOLVING KITCHEN: Seeks Cash Collateral Access RIDGE BEST: Files Emergency Bid to Use Cash Collateral RK PARISI: Seeks Cash Collateral Access Thru Aug 28 SALT TECHNOLOGIES: Hires Jeremy T. Wood as Bankruptcy Counsel SANGAMO THERAPEUTICS: Court OKs DIP Loan From Future Solution SANGAMO THERAPEUTICS: Hires Raymond James as Investment Banker SANGAMO THERAPEUTICS: Seeks Approval to Tap Cooley as Lead Counsel SANGAMO THERAPEUTICS: Seeks to Hire MERU as Financial Advisor SANGAMO THERAPEUTICS: Taps Richards Layton & Finger as Co-Counsel SANGAMO THERAPEUTICS: Taps Verita Global as Administrative Advisor SAVIN GRACE: Unsecured Creditors to Split $5K in Plan SEMILEDS CORP: Appoints DLEE Accountancy as New Independent Auditor SENTINEL PURCHASER: S&P Assigns 'B' ICR, Outlook Stable SG ECHO: Lender Seeks to Prohibit Cash Collateral Access SHEPARD TOWERS: Seeks to Hire Charles Wertman as General Counsel SILVER STAR: Affiliate Seeks to Use Cash Collateral SILVERMAN CHIROPRACTIC: Files Emergency Bid to Use Cash Collateral SIMAD HOLDINGS LTD: Court OKs Interim DIP Loan From HomeTrust SISTERS OF ST. ANN: Seeks to Hire Kelleher & Sadowsky as Broker SKYE A. SMITH: Unsecured Creditors to Get Nothing in Plan SPARHAWK LLC: Gets Final OK to Use Cash Collateral SPORTSCAPERS CONSTRUCTION: Hires Jeremy T. Wood as General Counsel STEVEN MCCANLESS: Gets Final OK to Use Cash Collateral STUCKEY PREMIER: Gets OK to Use Cash Collateral Until Aug. 31 SVG 26 LLC: Seeks to Extend Plan Exclusivity to Feb. 9, 2027 T.K. TIMBER: Gets Interim OK to Use Cash Collateral Until Aug. 28 TAYLOR MORRISON: Moody's Puts 'Ba1' CFR on Review for Upgrade TEAM SYSTEMS: Delaware Court Denies Recusal Request in Chapter 11 THE.TEAM SME: S&P Places 'BB-' ICR on CreditWatch Negative TNT DEALS: Gets Interim OK to Use Cash Collateral TOLLANIS TECHNOLOGY: Hires Kramer Weiss & Menahem as Accountant TOM'S METAL: Hires Eric J. Gravel as General Bankruptcy Counsel TOMCAT MECHANICAL: Gets Court Nod to Use Cash Collateral TOTAL AIR: Plan Confirmation Hearing Scheduled for Aug. 26 TRANQUILITY FARMS: Claims to be Paid from Income & Sale Proceeds TRINSEO PLC: Committee Hires Willkie Farr & Gallagher as Counsel TRINSEO PLC: Minority Creditors Want to File Rival Bankruptcy Plan TRUE BELIEVERS: Court OKs Deal on Cash Collateral Access U.S. TELEPACIFIC: Davis Polk, Haynes Represent Ad Hoc Lenders Group U.S. TELEPACIFIC: Hires Katten Muchin Rosenman as Legal Counsel U.S. TELEPACIFIC: Hires Triple P TRS as Restructuring Advisor U.S. TELEPACIFIC: Seeks to Hire PJT Partners as Investment Banker U.S. TELEPACIFIC: Seeks to Tap Sidley Austin as Bankruptcy Counsel VALCOUR PACKAGING: S&P Alters Outlook to Neg., Affirms 'CCC+' ICR VE LAKEVIEW: Trigild IVL Appointed as Receiver VIVAKOR INC: Issues 2.45M Shares on Convertible Note Conversions VORNADO REALTY: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable WAIKOLOA PLAZA: Cash Collateral Hearing Set for Aug. 25 YUN INVESTMENT: Voluntary Chapter 11 Case Summary ZD SAND: Seeks to Extend Plan Exclusivity to Oct. 9 [] BOOK REVIEW: The Titans of Takeover [] Colorado Bankruptcies Increase 23% in June 2026 [] Public Sale of Women's Apparel Company Scheduled for August 3 [] QSR Brands Face Mounting Bankruptcy Claims ********* 100 MCKNIGHT: Seeks to Sell Student Housing Apartment at Auction ---------------------------------------------------------------- 100 McKnight, LLC seeks permission from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property commonly known as The Park at Constitution Trail Centre is located at 100 and 120 McKnight Street, Normal, Illinois 61761. The Debtor owns the Property, an 85-unit, 280-bed purpose-built student-housing complex serving Illinois State University and the surrounding community. The units are leased to student tenants pursuant to short-term residential leases, typically with terms of approximately one year tied to the academic calendar. The lienholder of the Property is A10 Commercial Mortgage Trust. The Debtor employs Hilco Real Estate, LLC as real estate broker. The Debtor's decision to sell the Property through the Bidding Procedures is a sound exercise of its business judgment. The Bidding Procedures are designed to create a controlled, fair and open process that promotes interest in the Property by financially capable, motivated bidders who are likely to close, while discouraging offers from parties that are unable or unlikely to consummate a transaction. The Auction Notice sets forth the Bid Deadline, the date, time, and place of the Auction, the Sale Objection Deadline, and the date of the Sale Hearing. 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. 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. 1205 SOUTHPORT: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ 1205 Southport, LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Texas to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through the final hearing to fund its operations based on a court-approved budget. The Debtor may exceed any individual line item by up to 10%, provided the total authorized budget is not exceeded by more than 10%. During the interim period, the Debtor may also use up to an additional $500 in cash collateral for necessary repairs without further court approval. All creditors with an interest in cash collateral will be granted adequate protection through replacement liens, with the same priority, validity and extent as their pre-petition liens. The order is available at http://bankrupt.com/misc/1205Southport_CCOrder18.pdf A final hearing will be held on August 10. Objections are due by August 3. The Debtor's primary asset is a six-unit apartment building located at 1205 Southport Drive, Austin, Texas, estimated to be worth $1,275,000, with five units currently generating rental income. The Debtor's Chapter 11 petition was filed shortly before a scheduled foreclosure sale by senior secured lender U.S. Bank Trust Company, National Association (as trustee for Velocity Commercial Capital Loan Trust 2024-2). Junior encumbrances include a second deed of trust held by seller James D. Caswell and a blanket UCC-1 financing statement filed by CT Corporation as representative for NOVA18 Funding, LLC, securing a $32,000 loan guaranty. A similarly situated affiliate, 1207 Southport LLC, filed a concurrent Chapter 11 petition, and the entities have requested joint administration. About 1205 Southport, LLC 1205 Southport, LLC is a Texas-based single-asset real estate company that owns and manages a single real estate asset. The company sought Chapter 11 protection to reorganize its financial obligations while preserving the value of its property. 1205 Southport, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11287) on July 6, 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 Christopher G. Bradley handles the case. The Debtor is represented by Stephen W. Sather of Barron & Newburger, P.C. 121 NORTH: James LaMontagne Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 1 appointed James LaMontagne of Sheehan Phinney Bass & Green as Subchapter V trustee for 121 North Common LLC. Mr. LaMontagne will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. LaMontagne declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James S. LaMontagne, Esq. Sheehan Phinney Bass & Green 75 Portsmouth Boulevard, Suite 110 Portsmouth, NH 03801 Phone: (603) 627-8102 jlamontagne@sheehan.com About 121 North Common LLC 121 North Common LLC is a Lynn, Massachusetts-based congregate housing lessor. Its principal asset is a 14-room congregate housing facility totaling approximately 4,982 square feet. 121 North Common LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-11510) on June 24, 2026. The Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. The Debtor is represented by Michael Walsh, Esq. of Walsh & Walsh LLP. 1251 PACIFIC: To Sell Brooklyn Property to Highest Bidder --------------------------------------------------------- 1251 Pacific St LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 238/240 East 52nd Street, Brooklyn, New York 11203. The Property is a 5,523 square foot, five-story, walk-up, multi-family building consisting of nine residential units. Eight units are rent-stabilized and one unit in fair market. The lienholder of the Property is Tryon Street Acquisition Trust I LLC. The Debtor's goal is to maximize the value of the Property through a sale pursuant to a liquidating plan of reorganization. The sale of the Property will be subject to higher and better offers at a public auction sale of the Property. The proposed Bidding Procedures provide, in part, for a purchase price of at least $2,200,000.00, with subsequent minimum bid increments of $50,000.00 per bid. The successful buyer for the Property will be the party or parties who tender the highest or best bid, which presents the best opportunity to maximize the value of the Property for the benefit of the Debtor's estate and its creditors. Any party that is interested in bidding on the Property must provide the Debtor's attorney with a minimum deposit of 10% of the price offered. The Deposit must be in the form of a bank check, or wire transfer, made payable to "Shafferman & Feldman LLP Escrow" and be delivered to the Auctioneer in accordance with the deadlines set forth in the Bidding Procedures. The Auction shall be conducted at the offices of the Debtor's real estate advisor, Northgate Real Estate Group, Paramount Plaza, 1633 Broadway, 46th Floor, New York, New York, and simultaneously via videoconference on December 3, 2026 at 12:00 p.m., or such other adjourned date posted on Northgate's website. The Debtor proposes that the Property be sold and that all liens be transferred to and attach to the proceeds of the sale, subject to the rights, claims, defenses, and objections, if any, and that Purchaser be deemed a "good faith purchase." The Debtor is also seeking to sell the Property, "As Is" "Where Is" without any representations or warranties of any kind. About 1251 Pacific St LLC 1251 Pacific St LLC is a single-asset real estate company that owns a multifamily residential building at 238/240 East 52nd Street in Brooklyn, New York. 1251 Pacific St LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42901) on June 12, 2026. At the time of the filing, the company had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Jil Mazer-Marino oversees the case. SHAFFERMAN & FELDMAN LLP is the company's legal counsel. 205 61ST STREET: Lender Seeks to Prohibit Cash Collateral Access ---------------------------------------------------------------- Standard Insurance Company asks the U.S. Bankruptcy Court for the District of Columbia, to prohibit 205 61st Street Flats, LLC from using cash collateral. The dispute stems from a June 26, 2024 commercial loan arrangement in the original principal amount of $4.7 million, intended to refinance debt on real property located at 205 & 209 61st Street Northeast, Washington, D.C. The loan is secured by a recorded Deed of Trust, an Assignment of Lessor's Interest in Leases, and a UCC Financing Statement filed with the District of Columbia Recorder of Deeds. These encumbrances granted Standard a perfected lien on the real property and an absolute assignment of all present and future leases, rents, and derived revenues. Following non-payment defaults beginning in early 2026, Standard issued formal notices terminating the debtor’s revocable license to collect rents effective February 1, 2026, and demanding the turnover of all rental income. Despite subsequent reservation of rights agreements, default notices, and acceleration demands, the Debtor failed to cure its defaults or satisfy the balance. On May 28, 2026, Standard recorded a notice of foreclosure sale scheduled for June 29, 2026, asserting a total debt of $5.2 million, which included $4.6 million in principal alongside accrued interest and expenses. To halt the foreclosure, the Debtor filed its voluntary Chapter 11 petition on June 26, 2026. Standard highlights that the Debtor's managing member, Richard Cunningham—who authorized the bankruptcy filing and became sole owner following an unpermitted transfer of membership interests—pled guilty on April 14, 2026, to federal felony charges of false statements to a mortgage lending business involving fraudulent loan application schemes. Standard contends that the rental income generated by the real property constitutes cash collateral under 11 U.S.C. sections 363(a) and 552(b). Following the petition date, Standard served a formal notice on July 2, 2026, explicitly withholding consent to the use of cash collateral and demanding that all rents be segregated and accounted for. Standard asserts that the Debtor has ignored this demand, failed to seek court authorization, omitted required lease and rent details from its bankruptcy schedules filed on July 13, 2026, and continued to unauthorizedly collect and convert rental funds without offering adequate protection. A court hearing is scheduled for August 19. A copy of the motion is available at https://urlcurt.com/u?l=G1GYxm from PacerMonitor.com. About 205 61st Street Flats LLC 205 61st Street Flats, LLC 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. D.C. Case No. 26-00329) on June 6, 2026. In the petition signed by Richard Cunningham, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Elizabeth L. Gunn oversees the case. Jeffery T. Martin, Jr., Esq., at MARTIN LAW GROUP PC, represents the Debtor as legal counsel. Standard Insurance Company, as lender, is represented by: Scott W. Foley, Esq. SHAPIRO SHER GUINOT & SANDLER 250 W. Pratt Street, Suite 2000 Baltimore, Maryland 21201 Telephone: (410) 385-4234 Email: swf@shapirosher.com 307 COLLISION: Amends Ally Bank Secured Claim --------------------------------------------- 307 Collision Center, Inc. submitted an Amended Plan of Reorganization under Subchapter V dated July 16, 2026. 307 COLLISION proposes to repay its debts over a three-year period using disposable income generated from its ongoing operations. The company believes the plan will maximize distributions to creditors and seeks confirmation under section 1191(a) of the Bankruptcy Code. The plan includes five classes of creditors and one class of equity interest holders. All secured claims are impaired. Ally Bank in Class 2 held a secured claim of $70,698.59 backed by a 2024 GMC Sierra 1500. The vehicle was surrendered in July 2026 and valued at $51,000, which satisfies the secured portion of the claim. The remaining estimated balance of $19,698.59 will be treated as a general unsecured claim. Class 3 ODK Capital holds the senior security interest in the Debtor's remaining assets, valued at $59,277. The secured portion of its claim will be paid over 48 months at $1,234.94 per month. After payment is completed, ODK Capital's lien will be released. The remaining secured creditors are SBA, Simply Funding, and Samson and be treated as wholly unsecured because their security interests are subordinate to ODK Capital's. Class 4 includes traditional unsecured creditors as well as the unsecured portions of undersecured claims, including those of Ally Bank and ODK Capital, along with the entire claims of SBA, Samson, and Simply Funding. These creditors will receive 100% of the Debtor's projected disposable income over three years, totaling $48,384 or $1,344 per month, distributed pro rata through quarterly payments. For administrative convenience, creditors entitled to less than $750 over the life of the plan may be paid in a lump sum within six months of the Effective Date. Class 5 consists of Equity Interests. Class 5 is unimpaired. Following confirmation, the sole member, Joseph Anton, will retain the same ownership interest in 307 COLLISION. Plan Funding and Feasibility: The plan will be funded through the company's continued business operations. The Debtor projects having approximately $1,628 in cash on hand on the Effective Date and believes the plan is feasible. Comparison to Chapter 7 Liquidation: The Debtor states that, in a Chapter 7 liquidation, general unsecured creditors would receive no recovery because ODK Capital would receive the available liquidation proceeds after administrative costs. Under the proposed plan, ODK Capital will receive the value of its collateral, and unsecured and undersecured creditors will receive distributions from projected disposable income, resulting in a greater recovery than they would receive in a Chapter 7 case. A full-text copy of the Amended Plan dated July 16, 2026 is available at https://urlcurt.com/u?l=xQqw4p from PacerMonitor.com at no charge. Counsel to the Debtor: Clark Stith, Esq. 505 Broadway Rock Springs, WY 82901 Telephone: (307) 382-5565 Facsimile: (307) 382-5552 E-mail: clarkstith@yahoo.com About 307 Collision Center Inc. 307 Collision Center, Inc., has engaged in the business of automobile body repair, with its operations located in Casper, Wyoming since 2015. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No. 26-20025) on Jan. 21, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. Judge Cathleen D. Parker oversees the case. Clark Stith is the Debtor's legal counsel. 35 BREW INC: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: 35 Brew Inc. The Headliner 1401 Highway 35 Neptune NJ 07753 Business Description: 35 Brew Inc. operates The Headliner, a nightclub and bar in Neptune Township, New Jersey. The venue has historically hosted concerts and other ticketed nightlife events. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-18192 Judge: Hon. Christine M Gravelle Debtor's Counsel: Donald F. Campbell, Jr., Esq. GIORDANO, HALLERAN & CIESLA, P.C. 125 Half Mile Road Suite 300 Red Bank NJ 07701-6777 Tel: (732) 741-3900 E-mail: dcampbell@ghclaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Thomas Sueta as president. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BSMELZY/35_Brew_Inc__njbke-26-18192__0001.0.pdf?mcid=tGE4TAMA 3DEO INC: Aug. 12 Bid Deadline Set for Intellectual Property Assets ------------------------------------------------------------------- Insolvency Services Group, as the assignee for the benefit of creditors (the "Assignee") of 3DEO, Inc., is soliciting offers for the purchase of substantially all of the intellectual property assets of the Company (the "Assets") in connection with an assignment for the benefit of creditors under California law. INVESTMENT HIGHLIGHTS 3DEO was founded on the vision of becoming the premier metal 3D printing parts service, successfully combining mass-production metal 3D printing capabilities with multidisciplinary design and product development expertise. 3DEO developed the award-winning Intelligent Layering(R), a patented metal additive manufacturing process that combines 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. In addition to the proprietary process know-how, the Assets include sintering profiles, shrinkage compensation models, and mechanical property data across four qualified alloys — together with proprietary slicing and cutting-path-generation software. SALE DETAILS The Assignee has received a stalking horse offer in the amount of $3,426,507 (the "Stalking Horse") which is an offer for the entirety of the IP and certain machinery & equipment. Other prospective bidders are invited to submit overbids for the Assets (each a "Qualified Overbid"). To be a Qualifying Overbid, a Qualifying Overbid must: (a) be received by 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; (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 that price; and (e) be accompanied by evidence of the bidder's ability to close. In the event one or more Qualified Overbids are received, the highest and best bid will be determined by a live auction conducted by Zoom on or before August 14, 2026. Interested parties must meet U.S. export control requirements, execute a non-disclosure agreement in order to receive access to diligence materials and the Stalking Horse Offer. BID DEADLINE: AUGUST 12, 2026, at 12:00 PM PST For More Information, Contact: Joanne Nall Brian Testo Associates, LLC Phone: 818-592-6592 x 104 Email: Joanne@btesto.com SEPARATE & CONCURENT MACHINERY & EQUIPMENT AUCTION The remaining 3DEO machinery & equipment will be sold in a lot-by-lot online timed public auction on BidSpotter. Assets are located in Torrance, CA, and are sold AS IS, WHERE IS. To view photos, asset listings, and full details go to www.btesto.com Auction will be live on Bidspotter.com by Friday July 24, 2026 and will start to close on Tuesday August 18, 2026. 6100 PARK: Secured Party Sets August 20, 2026 Public Auction ------------------------------------------------------------ To: Interested Members of the Public From: 1Sharpe Opportunity Immediate Trust ("Secured Party" or "Lender") By and through Quanta Finance, LLC, as Servicer c/o Levenfeld Pearlstein, LLC, Attorney for the Secured Party Attn: Jamie L. Burns 120 S. Riverside Plaza, 18th Floor Chicago, Illinois 60606 (312) 476-7601 Names of Debtor(s): 6100 PARK CRCP LLC, a New Jersey limited liability company (the "Company") CHRISTINE M. PASIEKA ("Assignor" and together with the Company "Debtors") Secured Party will sell the Collateral described below to the highest qualified bidder in public as follows: Day and Date: August 20, 2026 Time: 11:30 a.m. (CST) Place: 120 S. Riverside Plaza, Ste. 1800 Chicago, Illinois 60606 Collateral: Assignor's Ownership Interests in the Company, being further defined and described as one hundred percent (100%) of the legal and beneficial ownership interests ("Ownership Interests") in the Company (the Company being the owner of the real property commonly known as 6102 Park Boulevard, Wildwood Crest, NJ 08260), including: (a) all distributions, dividends, capital and profits, cash, warrants, rights, certificates (if any), instruments, chattel paper and other rights, property or proceeds and products from time to time received by Assignor, receivable by Assignor or otherwise distributed to Assignor in respect of or in exchange for any or all of the Ownership Interests: (b) all additional rights of Assignor to purchase interests in the Company from time to time acquired by Assignor in any manner (which interests shall be deemed to be part of the Ownership Interests), the certificates, shares or other instruments representing such additional interests and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such additional interests or other rights, and (c) to the extent not covered by clauses (a) and (b) above, all Proceeds of any or all of the foregoing. The term "Proceeds" shall have the meaning assigned that term under the Uniform Commercial Code (the "Code") as in effect in the State of California and New Jersey and, in any event, shall include, but not be limited to, any and all (A) proceeds of any indemnity or guaranty payable to Assignor or Lender from time to time with respect to any of the Collateral and (B) any other amounts from time to time paid or payable under or in connection with any of the Collateral. And all of Assignor's right, title and interest (a) as a member in and to the Company, including, but not limited to, any management and voting rights with respect to the Ownership Interests, (b) all other property which would be distributable or distributed, transferable or transferred, payable or paid, or deliverable or delivered to any Assignor in respect of the Ownership Interests, whether at any time prior to or in connection with, or after the dissolution of the Company, if any, including, without limitation, distributions or dividends of cash and of property in kind by the Company (collectively the "Distributions"), and (c) all other rights, interests, claims and other property of Assignor in any manner arising out of or relating to the Ownership Interests, whatever their respective kind or character, whether they are tangible or intangible property, and wheresoever they may exist or be located, including, without limitation, all Proceeds goods, documents, instruments, general intangibles, chattel paper, accounts and deposit accounts (as such terms are defined in the Code), if any, and in any manner arising out of or relating to the Ownership Interests, and further including, without limitation, all of the rights of Assignor as a holder of the Ownership Interests to (1) operate the business of the Company and deal with and receive the benefit from the Company's assets, (2) receive proceeds of any indemnity, warranty or guaranty under any agreement between Assignor and any other party or entity associated with the Company, (3) fees, income, rents, proceeds of sale. issues, earnings, deposits, receipts, royalties, revenues, recoveries, compensation, permits, trade or business names, franchises, claims and causes of action arising out of or relating to the Company, and all other rights, powers, property and remedies of Assignor with respect to any of the foregoing, and (4) access to the Company's books and records and to other information concerning or affecting the Company. The sale will be conducted in accordance with the provisions of the Uniform Commercial Code, enacted in California and other applicable jurisdictions. The bid price must be paid in certified check or cashier's check payable to the order of Quanta Finance, LLC as servicer for 1Sharpe Opportunity Immediate Trust. Twenty Percent (20%) of the successful bid price will be paid at the time of sale, and the balance must be paid within two (2) business days of the sale. If the successful bidder defaults on the secured balance, the Secured Party may retain the initial deposit and, at the Secured Party's option, sell to the next highest bidder. Secured Party reserves the right to bid part or all of the amount secured by the Collateral being sold without certified check or cashier's check as required for other bidders. The Secured Party reserves the right within three (3) business days of the completion of the bidding to reject all bids. The Secured Party reserves the right to adjourn the sale to another date without further publication or notice by giving notice at the time of the sale. If the Secured Party accepts a bid, the bidder will receive a Secured Party Bill of Sale of the interest of the Secured Party in the Collateral purchased, subject to the terms hereof. The Secured Party makes no representations or warranties as to the condition of the Collateral and the sale is "as is", where is and with all faults, subject to any and all taxes, liens, claims or encumbrances. There is no warranty as to title, possession, quiet enjoyment, or the like in this disposition. Debtors are entitled to an accounting of the unpaid indebtedness, which shall be provided free of charge. Please contact Jamie L. Burns, Levenfeld Pearlstein, LLC ((312) 476-7601), counsel for Secured Party, for further information. 626 HOSPICE: Wins Summary Judgment Bid in Williams Adversary Case ----------------------------------------------------------------- Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central District of California granted the motion for summary judgment filed by Howard Ehrenberg, Chapter 7 Trustee of 626 Hospice Inc., in the adversary proceeding captioned as HOWARD EHRENBERG, Chapter 7 Trustee, Plaintiff(s), vs. CLEO TSOLAKOGLOU WILLIAMS, an individual, Defendant(s), Adversary No.: 2:24-ap-01108 -WB (Bankr. C.D. Cal.). This adversary proceeding arises in the bankruptcy case of 626 Hospice, Inc. ("Debtor"), a Medicare and Medi-Cal hospice provider whose principal, Gladwin Gill ("Mr. Gill"), systematically diverted Debtor's reimbursement income over several years. Plaintiff, Howard Ehrenberg, Chapter 7 Trustee ("Trustee"), moves for summary judgment against Defendant Cleo Tsolakoglou Williams ("Defendant" or "Williams") to avoid and recover $299,500 in transfers (the "Four-Year Transfers") as fraudulent transfers under 11 U.S.C. Secs. 544(b), 548 and California Civil Code Secs. 3439.04(a), 3439.05, 3439.07. The Four-Year Transfers were payments made to Defendant in connection with the sale of her medical practice, Asclepion Family Medical Group ("Asclepion"), to Boston Medical Center, Inc. ("BMC"), an entity controlled by Mr. Gill. The payments were not funded by the purchaser identified on the Purchase Agreement, BMC, but were funded from money that Mr. Gill and his daughter, Natasha Gill ("Natasha"), had misappropriated from Debtor's reimbursement income. Debtor received no interest in Asclepion and no value of any kind in return. Defendant opposes the motion primarily on the grounds that she acted in good faith and provided reasonably equivalent value for the payments she received. The Court finds the undisputed record establishes that Defendant received payments from entities that had no contractual obligation to pay her, which would have placed a reasonable person in her position on inquiry notice that something was amiss. Her failure to investigate why that was the case precludes a determination of good faith. The value she provided, her Asclepion shares and goodwill, went to BMC, an entity controlled by Mr. Gill, and not to Debtor, whose funds were used to make the payments. The Court determines that the Trustee has established both actual and constructive fraudulent transfers and that Defendant has failed to raise a genuine dispute of material fact as to good faith and reasonably equivalent value. The motion for summary judgment is therefore granted. Judgment is entered in favor of Plaintiff, Howard Ehrenberg, Chapter 7 Trustee, and against Defendant, Cleo Tsolakoglou Williams, in the amount of $299,500, plus interest at the applicable post-judgment rate from the date of entry of judgment. A copy of the Court's Memorandum of Decision dated July 23, 2026, is available at https://urlcurt.com/u?l=khbqC4 from Pacermonitor.com. About 626 Hospice Inc. 626 Hospice Inc. is a hospital and health care company. 626 Hospice filed a petition for relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-12904) on May 25, 2022. In the petition filed by Natasha Gill as CEO, 626 Hospice Inc. listed estimated liabilities between $500,000 and $1 million. The case was assigned to the Honorable Bankruptcy Judge Ernest M. Robles. The Law Offices of Yeznik O. Kazandjian, is the Debtor's counsel. Arturo Cisneros has been appointed as Subchapter V trustee. Tamar Terzian is the Court-appointed Patient Care Ombudsman. The case was converted to Chapter 7 on August 9, 2022. Howard M Ehrenberg is the Chapter 7 Trustee. 7 AT BLUE: Secured Creditor Seeks Chapter 11 Trustee Appointment ---------------------------------------------------------------- Secured creditor Michael Schlesinger and his law firm filed with the U.S. Bankruptcy Court for the Southern District of Florida a motion for the appointment of a Chapter 11 trustee or, alternatively, entry of an order to compel the sale of the property of 7 At Blue Lagoon (1) LLC and 7 At Blue Lagoon (2) LLC. For more than a decade prior to the filing of these bankruptcy proceedings, the Debtors' principal Caroline Weiss retained Schlesinger to perform legal services. At various points in time, Ms. Weiss asked Schlesinger to defer payments for work performed, based on her promise that payment would be made either from a refinancing or the sale of real properties, including those owned by the Debtors that are the subject of this bankruptcy proceeding. Despite billing in excess of $2,000,000.00 in fees, which is a considerable sum for a solo practitioner even over an extended period of time, Schlesinger agreed to do so based on the long-standing relationship with Ms. Weiss. The secured creditor claimed that this case warrants the immediate appointment of a Chapter 11 trustee based on the Debtors' long-standing and well documented failures to close on numerous refinancing options or move forward with any potential bidders for a sale, and engagement in acts detrimental to the sale process. Upon information and belief, the $40 million purchase offer from the prospective buyer is the highest offer Debtors have received to date. Indeed, the Debtors have now filed a Section 363 sale motion and a refinance motion, though they've indicated that they do not wish to pursue the sale option. Rather, despite the long-ago expiration of the deadline as set forth in the sale order, the Debtors once again seek to pursue a complex refinancing with a plethora of requirements, certain of which may be difficult to achieve in the time allotted. Moreover, the Debtors' simultaneous filings of the refinance motion and the Section 363 sale motion only underscore the complete absence of coherent, competent management of these estates. In the refinance motion, the Debtors asked the bankruptcy court to approve a $35 million DIP financing agreement that would grant the new lender a first-priority lien, while delaying payment of disputed lienholders pending claim objection litigation. Meanwhile, in the sale motion, the Debtors sought approval of the prospective buyer's $40 million stalking horse agreement that the Debtors' own management has not approved and, by their own admission, does not want to consummate. Mr. Schlesinger argued that the inconsistency provides additional cause for appointment of a Chapter 11 trustee under Section 1104(a)(1) of the Bankruptcy Code. Rather than exercising the independent business judgment required of a debtor-in-possession, current management is attempting to preserve ownership through a refinancing while simultaneously advancing a sale process it admittedly hopes never occurs. The result is delay, increased administrative expense, and continued uncertainty for creditors whose rights are materially affected by whichever path is ultimately chosen. The secured creditor further argued that these estates require an independent fiduciary capable of evaluating the available alternatives free from the Debtors' conflicting interests, selecting the course that maximizes the estates' value, and moving the case forward without further indecisiveness. The Debtors' own filings demonstrate that there is no effective control of these estates, making the appointment of a Chapter 11 trustee not only appropriate, but necessary. The secured creditor contended that despite this drain on estate resources, the Debtors appear to have no interest in monetizing the Property, contrary to the Debtors' fiduciary duty to maximize the value of the estates for the benefit of their creditors. Consequently, and in the event the court is not inclined to appoint a Chapter 11 trustee, Schlesinger asked the court to compel the Debtors to sell their property in keeping with their fiduciary duties to creditors. A copy of the motion is available for free at https://urlcurt.com/u?l=LhfFXZ from PacerMonitor.com. Counsel for Michael J. Schlesinger, and The Law Firm of Michael J. Schlesinger, P.A.: BAST AMRON LLP Brett M. Amron, Esq. Amanda A. Vasquez, Esq. One Southeast Third Avenue, Suite 2410 Miami, Florida 33131 Telephone: (305) 379-7904 Email: bamron@bastamron.com Email: avasquez@bastamron.com About 7 at Blue Lagoon (1) LLC 7 at Blue Lagoon (1), LLC is a real estate development company that owns a parcel at 4865 Northwest 7th Street in Miami, Florida. It has pursued plans for a large mixed-use project in the Blue Lagoon area, including residential towers and hotel space. It operates as part of the Weiss Group of Companies led by developer Caroline Weiss. 7 at Blue Lagoon (1) and affiliate, 7 At Blue Lagoon (2), LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-21286) on September 26, 2025. In its petition, 7 at Blue Lagoon (1) reported assets of between $50 million and $100 million and liabilities of between $10 million and $50 million. Judge Robert A. Mark oversees the cases. The Debtors tapped Joel M. Aresty, Esq., at Joel M. Aresty, P.A. as bankruptcy counsel and Martin G. McCarthy, P.A. as special counsel. A LINE BOUTIQUE: Hires Wadsworth Garber Warner Conrardy as Counsel ------------------------------------------------------------------ A Line Boutique, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Wadsworth Garber Warner Conrardy, PC as counsel. The firm's services include: (a) prepare on behalf of the Debtor all necessary legal papers required in this Chapter 11 proceeding; (b) perform all legal services for the Debtor which may become necessary herein; and (c) represent the Debtor in any litigation which it determines is in the best interest of the estate whether in state or federal court(s). The firm will be paid at these hourly rates: David Wadsworth, Attorney $500 Aaron Garber, Attorney $500 Aaron Conrardy, Attorney $425 Hallie DeWolf, Attorney $225 Paralegals $125 The firm received a retainer prior to the petition date in the amount of $32,400 paid by the Debtor. Mr. Garber 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: Aaron A. Garber, Esq. Wadsworth Garber Warner Conrardy, PC 2580 West Main Street, Suite 200 Littleton, CO 80120 Telephone: (303) 296-1999 Facsimile: (303) 296-7600 Email: agarber@wgwc-law.com About A Line Boutique LLC A Line Boutique LLC is an Englewood, Colorado-based luxury women's fashion retailer and personal styling company. The business operates four boutique locations offering designer apparel, accessories, and customized styling services. The company continues to operate its retail stores and styling business while restructuring under Chapter 11. A Line Boutique sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-15041) on July 13, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Thomas B. McNamara handles the case. The Debtor is represented by Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, PC. ACADEMIES OF MATH: S&P Rates 2026A-B Revenue Bonds 'BB+' -------------------------------------------------------- S&P Global Ratings assigned its 'BB+' long-term rating to the Arkansas Development Finance Authority's series 2026A (tax exempt new money and refunding) and 2026B (taxable) charter school revenue bonds issued for Academies of Math and Science (AMS- Arkansas). At the same time, S&P affirmed its 'BB+' long-term rating and underlying rating on various series of education revenue bonds outstanding issued by the Arizona Industrial Development Authority issued for the Academies of Math and Science (AMS). The outlook is stable. S&P said, "The stable outlook reflects our expectation that AMS' enrollment and demand profile will remain steady in the near term, with enrollment generally meeting projections. Additionally, we expect management will maintain healthy liquidity levels and MADS coverage will moderate from historical levels due to the proposed issuance and the end of federal stimulus funds. Management expects to remain compliant with the DSC covenants. No additional debt plans are expected. "We could consider a negative rating action if enrollment projections are not met or demand metrics deteriorate, leading to strained financial performance, if liquidity declines, or if the network issues additional debt, so that its debt profile does not compare with similarly rated peers. "We could take a positive rating action if the school sustains its solid enterprise profile while maintaining liquidity and MADS coverage at levels consistent with those of higher-rated peers without additional debt." ACHIEVEABILITY THERAPY: Unsecured Creditors to Split $40K in Plan ----------------------------------------------------------------- Achieveability Therapy Services, PL filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Reorganization dated July 16, 2026. The Debtor is a multi-service pediatric therapy company that historically generated $3.6 million to $3.8 million in annual revenue. In 2025, the business experienced a decline due to Medicaid credentialing delays and payer-related disruptions. The Debtor states that these issues have been resolved and does not expect future cash flow problems. The reorganization plan will be funded by the debtor's current and future operating income, and the debtor asserts that the plan is proposed in good faith and is supported by projected financial statements demonstrating its feasibility and disposable income. The plan establishes four classes of secured claims, one class of general unsecured claims, and one class of equity security holders. Administrative and priority claims will be paid as permitted by the Bankruptcy Code or by agreement. General unsecured creditors with allowed claims will receive pro rata distributions over five years. Key Plan Provisions Class 1 ODK Capital, LLC Claim * Filed a claim of $130,798.20 secured by a blanket lien on the debtor's assets. * The debtor believes the claim is wholly unsecured. * The allowed secured claim will be repaid over 60 months at 8.75% interest, with monthly payments of $2,699.31 beginning 30 days after the plan's effective date. * ODK Capital will retain its lien. Any allowed unsecured portion of the claim will be treated under Class 5. Class 2 Trust Capital Funding, LLC d/b/a Sutton Funding * Holds a scheduled claim of $22,000.00 secured by a blanket lien. * allowed secured claim is $19,129.41, to be repaid over 60 months at 8.75% interest with monthly payments of $394.78, beginning 30 days after the effective date. * The creditor will retain its lien. * Any allowed unsecured portion will be treated under Class 5. Class 3 Propel Advance Claim * Holds a scheduled claim of $362,778.00, secured by a blanket lien. * The debtor believes the claim is wholly unsecured. * Any allowed unsecured claim will be treated under Class 5. Class 4 Funding Futures, LLC Claim * Filed a proof of claim for $169,921.88, secured by a blanket lien. * The debtor believes the claim is wholly unsecured. Any allowed unsecured claim will be treated under Class 5. Class 5 consists of General Unsecured Claims * Allowed unsecured claims will share a $40,000.00 distribution pool. * Payments will be made in 16 quarterly installments, without interest. * Payments will begin in the calendar quarter following the one-year anniversary of the plan's effective date, subject to the timing provisions described in the plan. * Creditors will receive enforceable promissory notes documenting the payment obligations. Equity, Management, and Funding * Existing equity holders will retain ownership after confirmation. * No distributions will be made to equity until all Class 5 payments have been completed. * Kimberly Faye Hull and Michael J. VanZile will continue managing the company. * Their combined gross compensation will be $175,000 in Year 1, increasing annually to $189,425 by Year 5. * The plan will be funded through the debtor's continued business operations and future income. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=fRqqz3 from PacerMonitor.com at no charge. Counsel to the Debtor: Buddy D. Ford, Esq. Jonathan A. Semach, Esq. Heather M. Reel, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Telephone: (813) 877-4669 E-mail: Buddy@tampaesq.com Jonathan@tampaesq.com Heather@tampaesq.com About Achieveability Therapy Services PL Achieveability Therapy Services, PL, is a multi-service pediatric therapy company. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03241) on April 17, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Kimberly Hull, president of Achieveability Therapy Services, signed the petition. Buddy D. Ford, Esq., at Ford & Semach, P.A., represents the Debtor as legal counsel. ACTIV TECHNOLOGIES: Secured Party Sets August 14 Public Auction --------------------------------------------------------------- Stephen B. Sherrill, as Investor Representative under the Convertible Note Purchase Agreement dated December 7, 2022, on behalf of the secured parties thereunder (collectively, the "Secured Party"), in coordination with GlassRatner Advisory & Capital Group LLC, acting through Joseph V. Pegnia, as court-appointed receiver (the "Receiver") appointed by the Georgia State-Wide Business Court in Civil Action No. 26-GSBC-0011, will offer for sale at public auction to the highest qualified bidder all of the business assets of Activ Technologies, Inc., a Georgia corporation, with a principal place of business at 2472 Jett Ferry Road, Suite 400-183, Atlanta, Georgia 30338 (the "Debtor"). The sale is conducted by the Secured Party and the Receiver to enforce the Secured Party's security interest following default, under Article 9 of the Uniform Commercial Code as adopted in the State of Georgia (O.C.G.A. Title 11, Article 9). DEBTOR: Activ Technologies, Inc. SECURED PARTY: Stephen B. Sherrill, as Investor Representative, on behalf of the Investors under the Convertible Note Purchase Agreement dated December 7, 2022 RECEIVER: GlassRatner Advisory & Capital Group LLC, acting through Joseph V. Pegnia DATE AND TIME OF SALE: August 14, 2026, commencing at 10:00 a.m. (Eastern Time) PLACE OF SALE: Offices of GlassRatner Advisory & Capital Group LLC, 3445 Peachtree Road, Suite 1225, Atlanta, Georgia 30326 ASSETS TO BE SOLD: All business assets of Activ Technologies, Inc. in which the Secured Party holds a first priority security interest, including without limitation all accounts, chattel paper, contracts, documents, equipment, general intangibles (including all intellectual property, patents, copyrights, trade secrets, trademarks, service marks, trade names, software, source code, and goodwill), investment property, instruments, inventory, books and records (including customer lists, credit files, computer programs, and other computer materials and records), and all accessions to, substitutions for, and all replacements, products, and proceeds of the foregoing (collectively, the "Collateral"). The Collateral includes the Debtor's proprietary ActiVate software platform, all associated source code and documentation, all customer contracts and relationships, and all data, systems, and infrastructure used to operate the Debtor's business. A more detailed description of the assets is available from the Receiver upon request. TERMS OF SALE: * The Collateral will be sold on an "AS IS, WHERE IS, WITH ALL FAULTS" basis, without any representations or warranties of any kind, express or implied, by the Secured Party, the Receiver, or any Investor, including without limitation any warranties of title, merchantability, or fitness for a particular purpose. There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. * All initial bids must be received by the Receiver and the Secured Party no later than 5:00 p.m. (Eastern Time) on August 7, 2026. Each bid submitted in advance of the public sale must specify: (i) the proposed purchase price; (ii) whether the bid is a cash bid or a credit bid (and, if a credit bid, the basis for the bidder's right to credit bid); and (iii) any conditions to closing. To participate as a qualified bidder, each prospective bidder (other than the Secured Party exercising credit bid rights) must also: (a) identify the bidding entity and its principals; (b) deliver a deposit equal to ten percent (10%) of the proposed purchase price by wire transfer of immediately available funds; (c) the proposed asset purchase agreement documenting the transaction in Microsoft Word format; and, (d) provide such other adequate assurances of ability to close as the Receiver and the Secured Party may reasonably request. * Payment in full is required at the time of sale in certified funds (certified or cashier's check) or by wire transfer of immediately available funds. * The Secured Party reserves the right to purchase all or any part of the Collateral at the public sale and to credit bid by setting off the purchase price against the Obligations, as permitted by Section 6.3(d) of the Note Purchase Agreement and UCC Sec. 9-610(c). * The Secured Party reserves the right to set minimum bids, to require proof of qualification of bidders, to sell the Collateral as a whole or in parcels, and to adjourn, postpone, modify, or cancel the sale, in whole or in part, without further notice except as may be announced at the time and place of sale. * The successful bidder shall be responsible for all costs of transfer, assignment, recording, and filing, and for all applicable sales, use, transfer, and other taxes arising from the sale. • Additional terms and conditions of sale may be announced at the auction and will govern over any conflicting terms in this notice. FOR FURTHER INFORMATION, including a detailed asset list, diligence materials, and the complete terms of sale, contact: Receiver: GlassRatner Advisory & Capital Group LLC Attention: Joseph V. Pegnia 3445 Peachtree Road, Suite 1225 Atlanta, Georgia 30326 jpegnia@glassratner.com Counsel for Secured Party: Reed Smith LLP Attention: Omar J. Alaniz / Amalia Sax-Bolder / London England 2850 N. Harwood Street, Suite 1500 Dallas, Texas 75201 (469) 680-4292 oalaniz@reedsmith.com / asaxbolder@reedsmith.com / lengland@reedsmith.com ACUSHNET HOLDINGS: Moody's Affirms Ba2 CFR, Outlook Remains Stable ------------------------------------------------------------------ Moody's Ratings affirmed Acushnet Holdings Corp.'s ("Acushnet") Ba2 Corporate Family Rating and Ba2-PD Probability of Default Rating. Moody's also affirmed the Ba3 rating on Acushnet Company's senior unsecured notes due 2033. Acushnet's SGL-2 Speculative Grade Liquidity Rating ("SGL") is unchanged. The outlooks on Acushnet Holdings Corp. and Acushnet Company remain stable. The rating affirmation reflects Acushnet's resilient operating performance, including continued revenue and EBITDA growth despite tariff-related pressures and a more uncertain consumer environment, moderate leverage, good liquidity, and consistent free cash flow generation. The affirmation also reflects Acushnet's leading market position, strong brands, and resilient earnings supported by its golf consumables business. RATINGS RATIONALE Acushnet Ba2 CFR reflects its strong market position as a leading manufacturer of golf products, excellent brand awareness and customer reach, solid credit metrics, and good liquidity with typically strong free cash flow generation. Golf's participation remains healthy and continues to support demand for golf equipment and consumables. Acushnet's growing customer base, engagement, and popularity supports a healthy EBITDA margin, supported by golf consumables where Acushnet holds commanding market share leadership in golf balls and gloves. The steadier consumables business helps dampen overall volatility from more cyclical golf club sales. The company is also a leader in golf footwear and certain golf clubs categories. Additionally, the company's global footprint helps diminish volatility related to regional economic weakness. Credit risks include the company's concentration in the highly seasonal and discretionary golf end market and capital intensity required to invest in the design, manufacturing, and marketing of golf equipment to remain competitive. Tariffs remain a moderate risk, although Acushnet has made progress implementing supply chain optimization initiatives aided by taking pricing actions related in large part to golf equipment performance improvements that should help partially mitigate elevated sourcing costs and support profitability. Acushnet has prioritized organic growth through reinvestment in the business while balancing shareholder distributions through share repurchases and dividends. The company's stated average annual net debt-to-EBITDA leverage target of less than 2.25x (2.3x as of March 2026, as calculated by the company) provides some balance to the aggressive shareholder distributions that have raised debt in recent years. Moody's expects the company will moderate buy-backs to the level of free cash flow now that leverage is around the target range, and Moody's do not expect debt-funded acquisitions that would result in a sustained increase in leverage. Misto's majority ownership introduces risk related to concentrated control and decision making but is partially mitigated by a public company board, the presence of independent directors, and a long-term investment focus. Acushnet's liquidity remains good as reflected in the SGL-2 speculative grade liquidity rating. Liquidity is supported by positive free cash flow generation, good availability under its $950 million revolving credit facility due 2030, and ample cushion on its covenant requirements. Moody's expects annual free cash flow generation of approximately $130 million to $150 million during 2026 and 2027 despite continued capital expenditures and shareholder distributions. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The stable outlook reflects Moody's expectations that solid golf participation will support a steady EBITDA margin, led by continued demand for golf consumables, which partially mitigate potential softening in golf club sales. The outlook also reflects Moody's expectations that debt-to-EBITDA will remain below 3.0x, including Moody's adjustments, even as the company deploys revolver borrowings to fund capital expansion. The ratings could be upgraded if the company increases its scale and product diversity, continues to grow profitability with a stable to improving EBITDA margin, and maintains solid and effective reinvestment in product development and marketing. An upgrade would also require the company to maintain good liquidity and manage to a financial policy that is commensurate with sustaining free cash flow-to-debt (after dividends) above 10% and debt-to-EBITDA sustained below 2.0x. The ratings could be downgraded if operating earnings deteriorate due to factors such as a reduction in demand, increased competition, higher costs, supply chain disruptions, or weak execution. Debt-to-EBITDA above 3.0x, free cash flow-to-debt (after dividends) below 7%, or a deterioration in liquidity could also lead to a downgrade. Acushnet Holdings Corp., headquartered in Fairhaven, MA, designs, manufactures, markets and sells performance-driven golf products, including golf balls, golf clubs, footwear, golf apparel, golf gloves, as well as golf gear and accessories. The company's portfolio features Titleist golf equipment, which includes golf balls and golf clubs, FootJoy golf wear, and golf gear. Acushnet Holdings Corp. (NYSE: GOLF) was founded by Phil Young in 1910. Acushnet is 50.4% controlled by Misto Holdings Corporation (formerly known as Fila Holdings Corp.) as of April 17, 2026. Acushnet was acquired by a consortium of investors led by Fila Korea and Mirae Asset Private Equity in 2011 from Fortune Brands for roughly $1.2 billion. Acushnet closed its IPO in 2016 with Misto (Fila Korea at the time) holding a 33.3% share of the company. Acushnet generated roughly $2.6 billion revenue for the last 12-month period ended March 31, 2026. The principal methodology used in these ratings was Consumer Durables published in December 2025. AEGIS ASSET: 11th Cir. Affirms Disallowance of Cloud 9's Claims --------------------------------------------------------------- In the appeal styled BAY UNITED HOLDINGS, LLC, Plaintiff-Appellant, versus INXS VII, LLC, Defendant-Appellee, No. 25-10331 (11th Cir.), Judges Kevin C. Newsom, Robert J. Luck, and Gerald Bard Tjoflat of the United States Court of Appeals for the Eleventh Circuit affirmed the order of the United States District Court for the Middle District of Florida that upheld the Bankruptcy Court's decision granting summary judgment for INXS VII, LLC on its objections to all three of Properties, LLC's claims, disallowing all three claims in their entirety. Aegis Asset Management, LLC, filed for Chapter 11 bankruptcy on August 26, 2019. The bankruptcy was converted to Chapter 7 on October 17 of that year. The Chapter 7 trustee later identified numerous parcels of real property that Aegis had transferred to entities affiliated with Aegis for no consideration. He filed an adversary proceeding against those entities, arguing that the properties had been fraudulently transferred to them. The parties settled, agreeing that the properties would be treated as assets of the bankruptcy estate and that 68 parcels would be sold free and clear of liens, claims, and interests. On February 25, 2021, the trustee filed a motion in Bankruptcy Court to approve the settlement agreement in the adversary proceeding and approve the sale of the subject properties free and clear of all liens, claims, and interests pursuant to 11 U.S.C. Sec. 363(f). The trustee served the motion on all parties in interest, including, as relevant here, Margaret Mitchell; Bob Mitchell Associates, Inc.; and Cloud 9 Properties, LLC. The Court granted the motion on March 29, 2021. It approved the sale of the properties to INXS VII, LLC; ordered that all liens, claims, and interests would attach to the sale proceeds; and ordered that any claims against the sale proceeds must be filed within thirty days. Cloud 9 filed three claims, one for each of three properties, on April 28, 2021. These were Claim 100, Claim 101, and Claim 102. For each proof of claim, Cloud 9 attached the corresponding property's payoff letter and mortgage. The mortgagee listed for the Claim 100 property was Margaret Mitchell, and the mortgagee listed for the other two properties was Bob Mitchell Associates. INXS VII objected to all three of Cloud 9's claims on November 2, 2022, because the proofs of claim did not include promissory notes or other evidence of debt owed to Cloud 9. Cloud 9 responded by filing the promissory notes related to each claim. As with the mortgages, the note for the Claim 100 property was payable to Margaret Mitchell, and the notes for the other two properties were payable to Bob Mitchell Associates. INXS VII filed a motion for summary judgment on its objections. It explained that Cloud 9 did not show it owned the notes on April 28, 2021, the date it filed its claims. Therefore, based on cases dealing with foreclosure standing, Cloud 9 lacked standing to bring its claims, and its claims should be disallowed in their entirety. On August 9, 2023, Cloud 9 assigned its claims in this suit to Bay United Holdings, LLC. The Bankruptcy Court granted summary judgment for INXS VII on its objections to all three of Cloud 9's claims, disallowing all three claims in their entirety. The Bankruptcy Court explained that, because Cloud 9 did not have an interest in the promissory notes and mortgages at the time it filed the claims, the claims were not timely filed. As such, the properties were sold to INXS VII free and clear. Bay United appealed to the District Court. It argued that there was no dispute that the mortgages existed, that disallowing their claims invalidated bona fide mortgages, and that cases concerning foreclosure standing were improper bases for invalidating mortgages in the bankruptcy context. Bay United also argued that the claims were timely filed, that the person who filed them had "full authority" to do so, and that there were no other claims filed against the sales in question. It characterized the specific ownership of the notes as a "technicality" and "scrivener's error" and stated that disallowing the claims created an unwarranted windfall for INXS VII. The District Court affirmed the Bankruptcy Court's ruling, explaining that claimed rights to payment must be enforceable when filed, that only one with the right to payment may lawfully enforce it, and that Bay United provided no evidence Cloud 9 had enforceable rights to payment when it filed its claims. Bay United now appeals to this Court, repeating the arguments it made to the District Court. The panel holds, "Cloud 9's proofs of claim showed no evidence of debts owed to Cloud 9 on the date it filed its claims. Therefore, INXS VII's objections on that ground were proper. Cloud 9 then failed to provide the evidence required. The Bankruptcy Court was right to disallow Cloud 9's claims in their entirety, and the District Court was right to affirm." A copy of the Court's Opinion dated July 24, 2026, is available at https://urlcurt.com/u?l=zh60kC About Aegis Asset Management LLC Aegis Asset Management LLC is a real estate investor that holds and rents properties based in Clearwater, Florida. Aegis Asset Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-08036) on August 26, 2019. In the petition signed by Caruso Bruno Ivan, president, the Debtor disclosed $5,000,000 in assets and $3,100,000 in liabilities. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. Gabriel Strine, Esq., at Strine Legal Services, PLLC, represents the Debtor as counsel. The case was converted to Chapter 7 on October 17, 2019. AEMETIS INC: BlackRock Discloses 3.97M Shares, 5.6% Equity Stake ---------------------------------------------------------------- BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 3,970,397 shares of Aemetis Inc's Common Stock (with sole voting power over 3,920,545 shares, sole dispositive power over 3,970,397 shares, and no shared voting or dispositive power), representing 5.6% of the shares outstanding. This filing reflects securities beneficially owned, or deemed to be beneficially owned, by certain business units of BlackRock, Inc. and its subsidiaries and affiliates, in accordance with SEC Release No. 34-39538. It does not include securities beneficially owned by other business units whose ownership is disaggregated. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock. No one person's interest is more than five percent of the total outstanding common shares. BlackRock, Inc. may be reached through Spencer Fleming 50 Hudson Yards New York, NY 10001 Tel: (212) 810-5800 A full-text copy of BlackRock, Inc.'s SEC report is available at: https://tinyurl.com/5dnt4y4c About Aemetis Inc. Founded in 2006 and headquartered in Cupertino, California, Aemetis, Inc. -- www.aemetis.com -- is an international renewable natural gas, and renewable fuels company focused on the operation, acquisition, development and commercialization of innovative low and negative carbon intensity products and technologies that replace traditional fossil fuel products. The Company operates in three reportable segments consisting of "California Ethanol," "California Dairy Renewable Natural Gas," and "India Biodiesel." The Company's mission is to create sustainable and innovative renewable fuel solutions that benefit communities and restore the environment. The Company achieves this by establishing a local, circular bioeconomy that utilizes agricultural products and waste to produce low-carbon, advanced renewable fuels that reduce greenhouse gas (GHG) emissions and enhance air quality by replacing traditional fossil fuel products. Des Moines, Iowa-based RSM US LLP, the Company's auditor since 2012, issued a "going concern" qualification in its report dated March 13, 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 net capital deficiency. This raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $270.3 million in total assets, $396.2 million in total current liabilities, $195.2 million in total long-term liabilities, and $321.1 million in total stockholders' deficit. ALEA HOLDINGS: Seeks to Hire Omni as Claims and Noticing Agent -------------------------------------------------------------- Alea Holdings US Company, and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Omni Agent Solutions, Inc. as claims, noticing, and solicitation agent. Omni will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Omni an advance in the amount of $50,000. Paul Deutch, an executive vice president at Omni Agent Solutions, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul H. Deutch Omni Agent Solutions, Inc. 5955 De Soto Ave., Ste. 100 Woodland Hills, CA 91367 Telephone: (917) 364-0508 About Alea Holding US Company Alea Holdings US Co. is an insurance services company owned by Catalina Holdings, a Bermuda-based provider of insurance run-off solutions. The company specializes in administering legacy insurance liabilities, including claims from discontinued or transferred insurance portfolios. Alea Holdings US operates within Catalina's platform of businesses focused on the efficient management and resolution of long-term insurance obligations. Alea Holding US Company and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90714) on July 19, 2026. The case is jointly administered in Case No. 26-90714. In their petitions, the Debtors disclosed estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Debtors tapped Sidley Austin LLP as bankruptcy counsel; Province LLC as financial advisor; and Greenberg, LLP as special committee counsel. Omni Agent Solutions Inc. is the Debtors' claims, noticing, and solicitation agent. ALECTO HEALTHCARE: Confirmation of Reorganization Plan Upheld ------------------------------------------------------------- In the appeal styled THE REED ACTION JUDGMENT CREDITORS, Appellant v. ALECTO HEALTHCARE SERVICES, LLC, No. 25-1853 (3rd Cir.), Judges Patty Shwartz, Jennifer Mascott and Theodore McKee of the United States Court of Appeals for the Third Circuit affirmed the order of the United States District Court for the District of Delaware overruling the Reed Creditors' objections to the reorganization plan of Alecto Healthcare Services, LLC. This appeal arises out of the bankruptcy of Alecto Healthcare Services, LLC ("Alecto"). Alecto is a holding company for healthcare-related entities. It formed different subsidiaries to acquire acute care hospitals and to provide management services to non-Alecto acute care hospitals. During the COVID-19 pandemic, Alecto's subsidiaries became insolvent due to reduced government funding and increased costs. These financial hardships led to a lawsuit in which the Reed Creditors -- former employees of a West Virginia acute care hospital owned by one of Alecto's subsidiaries -- obtained a judgment (the "Reed Judgment") against Alecto for wages owed after Alecto unexpectedly closed the hospital and laid off hundreds of workers. Two weeks after the Reed Judgment was issued, Alecto filed a Subchapter V bankruptcy petition. To proceed under Subchapter V, Alecto was required to have less than $7.5 million in liquidated, noncontingent debt as of the Petition Date. Alecto's Schedule of Assets and Liabilities listed liquidated, noncontingent claims totaling $3,445,535.47. Alecto listed LHP Hospital Group, Inc. ("LHP") as one of its unsecured creditors and described it as having an unliquidated, contingent claim. This claim arose from a 2014 transaction in which LHP sold to Alecto and one of Alecto's affiliates, Alecto Healthcare Services Sherman LLC ("Alecto Sherman"), membership interests in a Texas medical facility. LHP subsequently filed a proof of claim for $3,739,635.77 (the "LHP Debt") in the bankruptcy after the Petition Date but it made no demands for payment before Alecto filed for bankruptcy. Based on the LHP Debt, the Reed Creditors filed a motion challenging Alecto's Subchapter V election, asserting that the LHP Debt was noncontingent and liquidated. The Bankruptcy Court found that the LHP Debt was contingent and not liquidated, because Alecto did not receive a demand for payment before the Petition Date and thus had no way of calculating its debt. Thus, the amount of the debt did not affect Alecto's ability to proceed under Subchapter V. Alecto thereafter filed a Small Business Debtor's Plan of Reorganization (the "Plan"). Steven Balasiano, an independent director of Alecto's subsidiary Sherman/Grayson Hospital, LLC ("Sherman/Grayson"), was appointed to investigate, bring, and settle claims against Sherman/Grayson and Alecto's affiliates and insiders and address disputes between Alecto and certain creditors. After he completed his investigation, Balasiano approved a settlement of the claims against the insiders (the "Settlement") that provided for the release of claims against Alecto's insiders in exchange for $25,000, paid by these insiders. The Reed Creditors objected to the Plan's confirmation on the ground that the Settlement would release Alecto's potential avoidance claim against Alecto's insiders arising from a transaction known as the "Sunrise Transfer." In the Sunrise Transfer, Alecto transferred ownership of its subsidiary, Sunrise Real Estate Holdings, LLC ("Sunrise REH"), to holders of membership interests in Alecto (the "Alecto Members") -- who formed a new entity, Sunrise MOB Holdings, LLC ("Sunrise MOB") -- for around $28.4 million in 2019. Sunrise REH owned a medical office building appraised at $50,700,000. The Sunrise REH assets were transferred back to Alecto by the Alecto Members by assignment in 2021 for no consideration, and Alecto thereafter sold the Sunrise REH assets for over $58,000,000. The Reed Creditors argued that Alecto received less than reasonably equivalent value for this transaction. Notwithstanding that conclusion, Balasiano determined that: (1) the Sunrise Transfer was not avoidable because Alecto's documents show that it was solvent at the time of the transaction, and (2) suing Alecto's insiders would be costly and reduce the funds Alecto would receive under the Plan to satisfy creditors. Based on these considerations and others, Balasiano concurred with the $25,000 Settlement. The Bankruptcy Court overruled the Reed Creditors' objections and confirmed the Plan, concluding that "Balasiano's determination that there is 'no cause of action that could be brought' for fraudulent conveyance" was a reasonable basis for the Settlement, as the likelihood of success in litigation was low, litigation would be expensive and inconvenient, and the creditors would be interested in the estate receiving the $25,000 Settlement. The District Court agreed and affirmed both the Designation and Confirmation Orders. It held that: (1) the LHP Debt was contingent and unliquidated because no demand for payment was received before the Petition date and the amount due was not precisely calculable, and (2) the settlement with the Alecto's insiders was appropriate because the Reed Creditors "failed to demonstrate that the Settlement and releases embodied in the Plan fell below ‘the lowest point in the range of reasonableness.'" The Reed Creditors appeal. The panel finds the Bankruptcy Court correctly concluded that the LHP debt was contingent and unliquidated and thus properly rejected the Reed Creditors' objection to Alecto's Subchapter V petition. According to the panel, the Bankruptcy Court also acted within its discretion in approving the Settlement. The Bankruptcy Court suggested that the Settlement would benefit the creditors, who will receive distributions from Alecto, which will include funds from the Settlement. The panel holds, "Because this case is neither constitutionally nor equitably moot, and the Bankruptcy Court properly permitted Alecto to proceed under Subchapter V of Chapter 11 (the "Designation Order") and correctly overruled the Reed Creditors' objections to the reorganization plan (the "Confirmation Plan"), which provided for the settlement and release of potential fraudulent transfer claims against Alecto's insiders (the "Confirmation Order"), we will deny Alecto's motion to dismiss the appeal and affirm." A copy of the Court's Opinion dated July 28, 2026, is available at https://urlcurt.com/u?l=bd7lZp About Alecto Healthcare Services Alecto Healthcare Services, LLC, is a provider of healthcare infrastructure services based in Glendale Calif. Alecto Healthcare Services filed a Chapter 11 petition (Bankr. D. Del. Case No. 23-10787) on June 16, 2023, with $1 million to $10 million in assets and $50 million to $100 million in liabilities. Jami Nimeroff, Esq., at Brown McGarry Nimeroff, LLC has been appointed as Subchapter V trustee. Judge J. Kate Stickles oversees the case. Jeffrey R. Waxman, Esq., and Brya M. Keilson, Esq., at Morris James, LLP are the Debtor's bankruptcy attorneys. ALL AMERICAN: Claims to be Paid from Ongoing Operations ------------------------------------------------------- All American Worldwide Inc. 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 white-glove commercial moving, warehousing, and logistics company located in Richardson, Texas. The company filed for Chapter 11 Subchapter V bankruptcy on April 27, 2026 after experiencing a liquidity shortfall caused by the loss of its largest client earlier in 2026. The Debtor has continued operating while remaining in possession of its assets. The Debtor is 100% owned by LJC Ventures Inc. Existing ownership and management will remain in place after confirmation unless changed by the Plan, a later amendment, or court order. Plan Payment Obligations: The Plan includes payments for: Subchapter V Trustee fees of $1,000 per month during the first five months. Debtor’s counsel payments of $5,000 per month during the first twelve months, subject to allowance. Entrada Partners cure payments of approximately $317.61 per month for 35 months and $317.57 in the final month. Priority tax claim payments to Dallas County, the City of Garland, and Garland ISD. Frost Bank payments of $1,815.58 per month for 36 months. Class 2 includes general unsecured creditors, including scheduled unsecured creditors, allowed rejection damages claims, and unsecured portions of secured claims. Estimated general unsecured claims total approximately $1,042,880.28. If the Plan is confirmed under section 1191(a) Creditors will receive monthly pro rata payments from projected disposable income. Payments are projected at: $31.28 per month during Months 1–5, $194.65 per month during Months 6–12, $184.57 per month during Months 13–35, $184.61 in Month 36. Total projected distribution is approximately $5,948.62. If the Plan is confirmed under section 1191(b), the Debtor will pay all projected disposable income received over three years (or a court approved period up to five years) to allowed unsecured creditors. Class 2 creditors are impaired and entitled to vote on the Plan. Class 3 consists of Equity Interests. LJC Ventures Inc. will retain its 100% ownership interest in the Debtor. Class 3 is unimpaired and deemed to accept the Plan. Future Operations and Plan Funding: After confirmation, the Debtor will continue operating as a reorganized company. The Plan will be funded through ongoing business operations and revenue. The Debtor believes that reducing creditor obligations to the level of available disposable income will allow it to maintain operations and successfully perform under the Plan. Continued Operations Before Confirmation: Until the Effective Date, the Debtor will continue operating as a debtor-in-possession under court oversight and may take actions necessary to implement the Plan. Upon confirmation, actions required to carry out the Plan will be authorized and approved. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=4nOjOr from PacerMonitor.com at no charge. Counsel to the Debtor: Brandon J. Tittle, Esq. Tittle Santiago, PLLC 1125 Legacy Dr., Ste. 230 Frisco, TX 75034 Telephone: (972) 213-2316 Email: btittle@tittlelawpllc.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. ALL DAY ACQUISITIONCO: S&P Withdraws 'B' Issuer Credit Rating ------------------------------------------------------------- S&P Global Ratings withdrew all its ratings, on All Day AcquisitionCo LLC, including the 'B' issuer credit rating, due to the company's acquisition by financial sponsor, Long Range Capital. As part of the transaction, All Day Acquisition Co's new parent assumed the $275 million term loan and $30 million revolver. At the time of withdrawal, the outlook was stable. ALL SEASONS: Claims to be Paid from Property Sale Proceeds ---------------------------------------------------------- All Seasons Joy, LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Liquidation under Subchapter V dated July 16, 2026. All Seasons Joy, LLC is a Florida limited liability company based in Riviera Beach, Florida. The Debtor owns five rental properties in Riviera Beach with a total scheduled value of approximately $1.53 million and a total appraised value of $1.75 million. The Debtor proposes a court-supervised liquidation of all five properties to maximize their value, satisfy creditor claims, and conclude the bankruptcy case. The case has included contested proceedings, including a motion for relief from the automatic stay filed by Frank Daniels. Frank Daniels holds a judgment lien arising from a state court judgment. According to his proof of claim, the amount owed on the petition date was $3,513,869.81. The lien encumbers all five properties. Because the total appraised value of the properties is less than the amount of the judgment lien, Daniels' claim is undersecured. The Plan calls for the private sale of all five properties: * 340 W. 19th Street – Appraised value: $350,000 * 1472 W. 34th Street (3 units) – Scheduled value: $465,000 * 1306 W. 23rd Street – Appraised value: $310,000 * 1350 W. 29th Street – Appraised value: $310,000 * 1424 W. 34th Street – Appraised value: $280,000 Class 1 consists of secured claims held by the Palm Beach County Tax Collector for unpaid property taxes. These claims are unimpaired and will be paid in full from the proceeds of each property's sale before any distributions to other creditors. Class 2 consists of Frank Daniels' secured judgment claim. Class 2 consists of the Allowed Secured Claim of Frank Daniels in the amount of $3,513,869.81 arising from a judgment lien. After payment of (i) closing costs and customary prorations, (ii) Allowed Secured Claims of the Palm Beach County Tax Collector (Class 1), and (iii) Allowed Administrative Expense Claims, 100% of all remaining Net Proceeds from the sale of the Properties shall be distributed to Frank Daniels on account of his Allowed Secured/Judgment Claim until paid in full. Equity holders will receive no distribution unless all administrative expenses and all claims in Classes 1 and 2 are paid in full. Because Daniels' claim substantially exceeds the value of the properties, no distribution to equity is expected. After all distributions are completed and the case is closed, the Debtor will be dissolved under Florida law. Sale Process: After the Effective Date, the Debtor will sell all five properties through private sales using commercially reasonable efforts to obtain the highest and best price. A licensed Florida real estate broker will be engaged to market and sell the properties. The broker will be selected by the Debtor with the prior written consent of Frank Daniels, which cannot be unreasonably withheld. The broker's customary commission will be paid from the gross proceeds of each sale as a closing cost. A full-text copy of the Liquidating Plan dated July 16, 2026 is available at https://urlcurt.com/u?l=9tPheZ from PacerMonitor.com at no charge. Counsel for the Debtor: Frank M. Wolff, Esq. Nardella & Nardella, PLLC 135 W. Central Blvd., Suite 300 Orlando, FL 32801 Phone: (407) 966-2680 Facsimile: (407) 966-2681 About All Seasons Joy All Seasons Joy, LLC, owns five rental properties located in Riviera Beach, Florida. All Seasons Joy filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12879) on March 9, 2026, with $1 million to $10 million in both assets and liabilities. Hughetta Davis, manager, signed the petition. Frank M. Wolff, at Nardella & Nardella, PLLC, is the Debtor's legal counsel. ALLIED ELECTRICAL: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Allied Electrical Group of Texas, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, to use cash collateral to fund its operations. . Under the interim order, the Debtor is authorized to use cash collateral through the August 26 final hearing to pay the expenses set forth in its monthly budget, plus 10% per line item and 10% overall. The Debtor listed Dallas County, Texas as the secured creditor that may hold a security interest in its property arising from unpaid ad valorem taxes. The secured creditor will be granted adequate protection in the form of valid and perfected liens on the Debtor's current and future assets co-extensive with its pre-petition lien. The order is available at http://bankrupt.com/misc/AlliedElectrical_CCOrder22.pdf The court scheduled a final hearing for August 26 and set an August 21 deadline for filing objections. Allied Electrical provides electrical services for commercial and residential construction projects throughout the Dallas-Fort Worth metropolitan area. About Allied Electrical Group of Texas Inc. Allied Electrical Group of Texas, Inc. is a Dallas-based electrical contractor providing commercial construction, industrial electrical installation and related contracting services across North Texas. It continues to serve projects throughout the Dallas-Fort Worth area under the leadership of Christine Delgado and remains licensed by the Texas Department of Licensing and Regulation. Allied Electrical Group of Texas filed under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. Case No. 26-33156) on July 14, 2026. The petition lists assets between $100,000 and $500,000 and liabilities between $1 million and $10 million. The Debtor is represented by Laurance C. Boyd, Esq. of The Law Office of Laurance C. Boyd, PLLC. ALLURE IMAGE: Unsecureds Will Get 7.75% of Claims over 5 Years -------------------------------------------------------------- Allure Image Enhancement, a Medical Corporation, submitted a First Amended Plan of Reorganization for Small Business dated July 16, 2026. The Debtor will pay the two classes of secured claims (Classes 1 and 2) within 12 months to the extent of the value of such creditor's interest in its collateral, from the Debtor's disposable income. The Debtor will pay the general unsecured class (Class 4a) over 60 months at each claimants' pro rata share totaling $42,000, from the Debtor's disposable income (subject to change based on Class 4b). The Debtor is rejecting two equipment finance agreements and has/will surrender the collateral. Those claims are listed in Class 4b and each claimant must amend its proof of claim ("POC") within 30 days after the Effective Date to reflect any change to the asserted claim related to the rejection and surrender. These amended claims will then be treated and paid with the general unsecured class (Class 4a). The insider general unsecured claims (Class 4c) will be subordinated to the claims in Classes 4a and 4b. Class 4c claimants will be paid only in the event that all other Class 4 general unsecured claims have first been satisfied. Class 4a consists of General Unsecured Claims: The Debtor will pay a total of $42,000 over 60 months, distributed on a pro rata basis among claimants. Payments are estimated at $500 per month for months 1–36 and $1,000 per month for months 37–60, beginning around November 2026 and ending around October 2031. Based on current estimates, creditors will receive about 7.75% of their claims, though this may change depending on Class 4b claims. Class 4b consists of Rejected Secured Claims. The Debtor is rejecting two equipment finance agreements and surrendering the related collateral. Creditors must file an amended proof of claim within 30 days after the Effective Date to reflect any changes resulting from the rejection and surrender. If they fail to do so, their claims will be barred. Approved amended claims will be treated as general unsecured claims, but Class 4b claims will only be paid after all Class 4a claims have been satisfied. Class 4c consists of Insider Unsecured Claims. Insider unsecured claims are subordinated to Classes 4a and 4b. They will only be paid if all other general unsecured claims are fully satisfied. If that occurs within the five-year plan, insiders will receive a lump-sum payment of $20,000, shared pro rata. If not, those claims will be discharged. Any unsecured portion of the secured claims in Classes 1 and 2 will be permanently removed from the Debtor's assets upon discharge, with the timing depending on whether the plan is confirmed consensually or nonconsensually. The Debtor will fund the plan through business operations and funds held in its debtor-in-possession (DIP) bank accounts. Revenue and expense projections are based on historical results adjusted for growth and inflation. Sales are expected to be lower than in prior years because of increased competition and changes in the medical aesthetics industry. Rather than pursuing higher sales, the Debtor plans to focus on sustainability by reducing overhead and growing conservatively to improve profit margins. Operating expenses are expected to remain relatively stable but increase annually due to inflation. Because future inflation is uncertain, the projections include reasonable annual expense increases. The projections also include a reserve for estimated tax liabilities throughout the plan period. A full-text copy of the First Amended Plan dated July 16, 2026 is available at https://urlcurt.com/u?l=L7wXT9 from PacerMonitor.com at no charge. The Debtor's Counsel: Roksana D. Moradi-Brovia, Esq. W. Sloan Youksetter, Esq. RHM LAW LLP 17609 Ventura Blvd. Ste 314 Encino, CA 91316 Tel: (818) 285-0100 Fax: (818) 855-7013 About Allure Image Enhancement Allure Image Enhancement, A Medical Corporation, operates as a medical spa in Upland, California, offering services in body sculpting, health and wellness, injectables, intimate procedures, laser treatments, regenerative medicine, skin resurfacing, skin tightening, and spa treatments. The Company provides aesthetic and therapeutic treatments at its facility on 188 N. Euclid Avenue, Suite 100, serving clients seeking cosmetic and wellness services in the region. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-18667) on Dec. 1, 2025, with $621,870 in assets and $1,930,887 in liabilities. Mina Joy Grasso, chief executive officer, signed the petition. Judge Scott H. Yun presides over the case. Matthew D. Resnik, Esq., at RHM Law, LLP, is the Debtor's bankruptcy counsel. AMERICA'S LISTING: Court Extends Cash Collateral Access to Sept. 2 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, issued a fifth interim order granting America's Listing Leaders, LLC approval to use cash collateral. Under the fifth interim order, the Debtor is permitted to use cash, accounts receivable, and other business proceeds through the continued hearing scheduled for September 2 in accordance with an approved budget. The Debtor must adhere to strict budget controls, with total expenditures not exceeding a 10% cumulative variance unless approved by the secured creditor, ICM Investment Partners III, LLC, or the court. Notably, the Debtor is prohibited from making payments to its officers during this interim period without further court approval. As adequate protection, the secured creditor will be granted replacement liens on the Debtor's post-petition assets to the extent of any decline in value of its pre-petition collateral. These liens maintain the same validity and priority as pre-petition liens and extend to proceeds generated post-petition. The Debtor must also maintain insurance and continue ordinary business operations, including collecting receivables without interference. Events of default include failure to comply with the budget and reporting requirements, and unauthorized use of funds. Upon default and notice, the secured creditor may seek to terminate the Debtor's authority to use cash collateral. The order preserves all parties' rights to challenge claims or liens and will remain in effect until further court order following the continued hearing. The order is available at https://tinyurl.com/4kzybre6 from PacerMonitor.com. About America's Listing Leaders LLC America's Listing Leaders, LLC operates a technology-driven real estate referral platform under the name IDEAL AGENT, which connects home sellers with local real estate agents offering full-service representation at competitive commission rates. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01576) on February 27, 2026. In the petition signed by Stephen Johnston, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. serves as Subchapter V trustee for the Debtor. Judge Luis Ernesto Rivera II oversees the case. The Debtor tapped Alberto F. Gomez, Jr., Esq., at Johnson, Pope, Bokor, Ruppel & Burns, LLP, as legal counsel and Links Financial, LLC as financial advisor. AMERICAN EFFICIENT: Seeks $11.5MM DIP Loan from MIH LLC ------------------------------------------------------- American Efficient LLC and affiliates ask the U.S. Bankruptcy Court for the Western District of North Carolina for authority to obtain postpetition debtor-in-possession financing. The Debtors seek to obtain a senior secured DIP facility in a maximum principal amount of up to $11.5 million from their indirect parent entity, MIH LLC. The requested financing is structured into three primary components: an initial draw of up to $6.7 million upon entry of the interim order; a delayed draw of up to $3.2 million subject to the consent of MIH's noteholders under a June 30, 2020 Note Purchase Agreement; and a "roll-up" of a $1.6 million emergency senior secured bridge loan extended by MIH on July 16, 2026, which was essential to keeping the debtors operating prior to filing. The facility carries an interest rate of 15% per annum, payable in kind monthly and in cash upon maturity or acceleration, with no origination fees. The maturity date is aligned with the effective date of a Chapter 11 plan, which cannot occur earlier than seven days after all adversary proceedings and contested matters—including a preference action against PJM to recover funds and a dispute with FERC—are fully resolved by final non-appealable orders. The DIP facility will be funded using cash held or received by MIH from its non-debtor subsidiaries. Under a prepetition Transaction Support Agreement involving the debtors, MIH, EIG Management Company, LLC (as Monitoring Advisor), and secured creditors under the MIH NPA, the NPA noteholders consented to the use of their encumbered cash collateral for the DIP facility in exchange for a commitment that MIH will remit the DIP loan repayments back to them upon maturity. To secure the obligations, the Debtors propose to grant MIH first-priority liens and security interests on substantially all estate assets under section 364(c)(2) and § 364(c)(3) (including avoidance action proceeds, provided they are used per the Approved Budget), alongside superpriority administrative expense claims under section 364(c)(1). The request also incorporates a customary carve-out for statutory Bankruptcy Administrator fees, up to $50,000 for a Chapter 7 trustee, and capped professional fee allowances. Demonstrating the exigent circumstances requiring immediate emergency relief, the Debtors state that they lack alternative working capital to maintain operations, fund critical litigation against PJM, or cover administrative expenses without immediate access to an initial interim draw of $9.9 million. They affirm that after a good-faith evaluation, no third-party or unsecured credit was available under section 364(b) due to the complex, uncertain nature of the pending FERC and PJM disputes, making alternative litigation funding far more expensive. A copy of the motion is available at https://urlcurt.com/u?l=KWwSvL from PacerMonitor.com. About American Efficient LLC American Efficient LLC is a Durham, North Carolina-based energy efficiency aggregator specializing in utility incentive and environmental credit programs. The company partners with appliance manufacturers, retailers, utilities, and distributors to identify, verify, and monetize energy savings generated through the sale of high-efficiency products. Its services help clients meet energy conservation goals and comply with state and utility regulatory requirements. American Efficient LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-50296) 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 SIGNATURE: Seeks to Extend Plan Exclusivity to Oct. 19 --------------------------------------------------------------- American Signature, Inc., and affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 19 and Dec. 17, 2026, respectively. The Debtors explain that they satisfy the various factors that courts rely on in connection with granting extensions of the Exclusive Periods as set forth in section 1121(d) of the Bankruptcy Code. * The Debtors Have Made Good-Faith Progress. During the course of these chapter 11 cases, the Debtors have made significant progress in administering these chapter 11 cases. In the weeks ahead, the Debtors will continue to engage with their stakeholders to sell its remaining assets and litigate certain claims while negotiating others in order to be in a position to develop and negotiate a chapter 11 plan. In the interim, however, the Debtors' substantial progress administering these chapter 11 cases weighs in favor of an extension of the Exclusive Periods. * The Debtors are Paying Their Bills as the Come Due. Since the Petition Date, the Debtors have paid their postpetition debts in the ordinary course or as otherwise provided by Court order. * Extending the Exclusive Periods Will Not Prejudice Creditors. Among other activities, the Debtors are requesting an extension of the Exclusive Periods to focus on working with the Committee and other key stakeholders to negotiate and develop a consensual chapter 11 plan. Continued exclusivity will permit the Debtors to maintain flexibility so that a competing plan by another third party does not derail the parties' efforts towards a plan process. All stakeholders will benefit from such continued stability and predictability. * The Debtors Have Demonstrated Reasonable Prospects for Filing a Viable Plan. The Debtors continue to evaluate the assets and liabilities of their estates. Subject to receipt of further proceeds to be received by the estates from excluded assets, and further refinement of the amount of their liabilities, the Debtors expect to expeditiously prepare and seek approval of a disclosure statement and chapter 11 plan. * The Debtors Are Not Pressuring Creditors by Requesting an Extension of the Exclusive Periods. The Debtors have no ulterior motive in seeking an extension of the Exclusive Periods. The requested relief is not being sought to pressure the Debtors’ creditors, and the Debtors submit that no pressure would result from the requested extension of the Exclusive Periods. * The Chapter 11 Cases Are Still Relatively New. The Debtors' request for an extension of the Exclusive Periods is the Debtors' second such request and comes approximately eight months after the Petition Date and four months after the conclusion of the store liquidation sales. The length of these cases is not unique among similar debtors seeking a second exclusivity extension. The Debtors continue to explore the disposition of their other remaining assets and are working toward the goal of pursuing a confirmed plan. Counsel to the Debtors: Laura Davis Jones, Esq. David M. Bertenthal, Esq. Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705 Telephone: (302) 652-4100 Facsimile: (302) 652-4400 Email: ljones@pszjlaw.com dbertenthal@pszjlaw.com About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature and eight of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12105 (JKS) on November 22, 2025. In their petition, the Debtors estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Rudy Morando as chief restructuring officer. Judge J. Kate Stickles presides over the cases. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP, represent the Debtors as legal counsel. Berkeley Research Group, LLC, serves as restructuring advisor to the Debtors, SSG Capital Advisors LLC serves as investment banker, and Kurtzman Carson Consultants LLC dba Verbita Global is claims and noticing agent to the Debtors. APOGEE BREWING: Amends Several Secured Claims Pay Details --------------------------------------------------------- Apogee Brewing, a Texas Limited Liability Company d/b/a True Anomaly, submitted a Third Amended Combined Plan of Liquidation and Disclosure Statement dated July 17, 2026. The debtor and its secured creditors, Stellar Bank and CDC, agreed on a liquidation plan. In addition to the real property and collateral, CDC holds a priority purchase money security interest in certain assets it financed. On April 15, 2026, the court directed the debtor to revise its plan by: * Converting it to a liquidation plan. * Identifying the buyers and sale terms. * Describing the assets being sold or surrendered and their locations. * Filing a motion under Section 363 to sell the assets. * Providing financial projections based on the planned asset sales. On June 5, 2026, the court approved the debtor's motion to sell estate property outside the ordinary course of business and granted related relief from the automatic stay. Under the plan, the debtor agrees to immediately lift the automatic stay for Stellar with respect to the property and brewery assets and will cooperate by providing access and information needed to locate and secure the assets. The debtor also agrees to immediately lift the automatic stay for CDC regarding CDC-financed assets. The debtor will sell the brand and kegs to McClung for $116,500, with $75,000 of the proceeds paid to Stellar Bank. Sell the Ford Cargo Van to CarMax or another purchaser. After paying Ford Motor Credit, any remaining proceeds will be treated as free and clear of liens and used to pay allowed administrative expenses. Distribute sale proceeds according to the plan and the Bankruptcy Code. Stellar Bank's secured claim will be treated by: * Receiving the surrendered brewery assets. * Preserving the rights of taxing authorities regarding property taxes. * Agreeing not to sue the guarantors or submit claims to the SBA related to specified loans. * Retaining the guarantors' obligations, which are not discharged by confirmation of the plan. * Receiving the balance of the debtor-in-possession account as of May 1, 2026. Any unpaid balance of Stellar's claim will become a Class 7 unsecured claim. The U.S. Small Business Administration's secured claim will be paid from: * Remaining proceeds from the sale of the brand and kegs after Stellar's designated loan is paid. * Funds generated from the brewery assets or the return of those assets. Any unpaid balance will become a Class 7 unsecured claim. Ad valorem property tax claims (including claims of Houston ISD, Houston Community College System, the City of Houston, and the East End District) will be paid according to state law, and the plan does not alter the taxing authorities' legal rights regarding the property. Equity interests will be canceled after the plan is completed and final tax returns are filed. Equity holders will receive no distribution under the plan. Funding for the liquidation plan will come from: * The sale of the brand and kegs. * The sale of any remaining assets. * Contributions from the debtor's equity holders to pay allowed administrative expenses, including U.S. Trustee fees and professional fees. The liquidated debtor will collect these funds and make payments required under the confirmed plan as they become due. A full-text copy of the Third Amended Combined Plan and Disclosure Statement dated July 17, 2026 is available at https://urlcurt.com/u?l=XgdwPu from PacerMonitor.com at no charge. Attorneys for the Debtor: Stacey Barnes, Esq. Vikesh N. Patel, Esq. Kearney, McWilliams & Davis, PLLC 55 Waugh Drive, Suite 150 Houston, TX 77007 Telephone: (888) 341-0997 Facsimile: (832) 916-2751 Email: sbarnes@kmd.law About Apogee Brewing Apogee Brewing, LLC operates a craft brewery and taproom in Houston, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34497) on August 4, 2025. In the petition signed by Michael Duckworth, manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Eduardo V. Rodriguez oversees the case. Stacey Barnes, Esq., at Kearney, McWilliams & Davis, PLLC, is the Debtor's legal counsel. ARTERRA WINES: Moody's Puts 'B3' CFR Under Review for Upgrade ------------------------------------------------------------- Moody's Ratings has placed Arterra Wines Canada Inc.'s (Arterra) B3 corporate family rating and B3-PD probability of default ratings under review for upgrade. In addition, Moody's have assigned B2 ratings to Arterra's proposed backed senior secured notes of up to C$375 million due 2031. The existing B2 ratings on Arterra's senior secured bank credit facilities, which includes the C$50 million senior secured revolving credit facility and the senior secured first lien term loans ($455 million and C$118 million due November 2027), have been reviewed in the rating committee and remain unchanged. Previously the outlook for Arterra was stable. The review follows the announcement that Arterra will use the proceeds from the proposed C$300 million first lien term loan and up to C$375 million senior secured notes issuance and around C$56 million of cash to refinance Arterra's existing term loans. Moody's will withdraw the ratings on the existing senior secured first lien term loans once fully repaid. "The review for upgrade reflects Moody's expectations that, upon completion of the transaction, debt will reduce resulting in debt/EBITDA declining to 6x on a Moody's adjusted basis from 7.3x as of fiscal 2026." said Moody's Ratings' VP-Ratings Dion Bate. A comprehensive review of all credit ratings for the respective issuer(s) has been conducted during a rating committee RATINGS RATIONALE The review will focus on Arterra's final capital structure, including its liquidity and will conclude once the refinancing transaction has closed. Any upgrade of the CFR and PDR will be limited to one notch which is contingent on Arterra using cash and the proposed C$300 million term loan and up to C$375 million senior secured notes to refinance its existing term loans. An upsize of the issuance could result in a confirmation of the CFR at B3 and a downgrade of the proposed senior secured notes. Based on the proposed capital structure, Arterra's proposed senior secured note of up to C$375 million due 2031 is rated B2. The senior secured note ranks pari passu to the C$300 million term loan due 2031 (not rated) and the C$60 million revolving credit facility (not rated). These liabilities make up the preponderance of the capital structure and are secured by a first priority lien on substantially all assets of the borrower and guarantors (9972137 Canada Inc., and subsidiaries). Arterra's rating is constrained by: (1) a difficult operating environment which will constrain wine demand and revenue over the next 12 months, balanced by agency contract wins, ongoing cost improvements and government support programs; (2) high financial leverage, with proforma debt/EBITDA of 6x; (3) its small scale, geographic (Canada) and product (wine) concentration relative to rated global alcoholic beverage peers; and (4) reliance on ongoing government support programs. The rating benefits from: (1) its strong market position in the Canadian wine industry, supported by a large retail presence and a portfolio of well-known brands across various price points; (2) highly regulated Canadian wine industry which creates substantial barriers to entry that include ongoing government support programs; and (3) good liquidity. Following the refinancing Moody's expects liquidity to be good. Sources will be around C$185 million compared to uses in the form of mandatory term loan amortization of about C$3 million through July 2027. Sources are comprised of pro forma cash balances of around C$100 million, Moody's expectations of around C$25 million of free cash flow through July 2027 and full availability on the company's proposed C$60 million revolving credit facility expiring in 2031. The revolving credit facility is subject to a springing maximum first lien net leverage covenant when drawings exceed 40%. Moody's do not expect the covenant to be breached over the next 12 months. However, if the covenant were to be active, Moody's expects that compliance would be good. Arterra has limited ability to generate liquidity from asset sales because its main assets are encumbered. Arterra Wines Canada, Inc., headquartered in Mississauga, Ontario, markets, produces and distributes a portfolio of wine brands through its Estates, licensee's, provincial liquor boards, its Wine Rack retail stores and grocery retailers. Arterra is wholly-owned by Ontario Teachers' Pension Plan (OTPP). The principal methodology used in these ratings was Alcoholic Beverages published in September 2025. ARYA WINDERMERE: Secured Party Sets September 22 UCC Public Sale ---------------------------------------------------------------- On September 22, 2026 commencing at 11:00 a.m. Eastern Daylight Time (the "Sale Date"), both remotely and in-person at the top of the portico of the New York Supreme Court located at 60 Centre Street, New York, New York 10007, pursuant to the Terms of Public Sale, based upon the occurrence of one or more Events of Default under certain documents (the "Loan Documents"), copies of which are available for inspection as hereinafter described, and pursuant to such Loan Documents as amended, and Article 9 of the Uniform Commercial Code as enacted in the State of New York, NewPoint JV Sub CB, LLC ("Secured Party"), as successor- in-interest to NewPoint JV LLC, acting by and through its Servicer, NewPoint Real Estate Capital LLC, shall dispose of, by public sale, the right, title and interest of Arya Windermere Apartment Ventures, LLC, a Delaware limited liability company having its principal place of business at 1250 Marden Road, Suite 1, Apopka, Florida 32703 (the "Pledgor"), in and to the following assets (collectively, the "Collateral"): (i) one hundred percent (100%) of the limited liability company membership interests in AWAD Phase I, LLC, a Florida limited liability company (the "Pledged Entity"); and (ii) all other assets pledged by Pledgor under the Loan Documents. The public sale shall be conducted by an auctioneer licensed in the State of New York as selected by Secured Party in its sole and absolute discretion. Based upon information provided by Pledgor, Pledged Entity and certain other persons and entities affiliated therewith, it is the understanding of Secured Party (but without any representation or warranty by Secured Party as to the accuracy or completeness of the Following matters) that: (i) Pledgor owns one hundred percent (100%) of the limited liability company membership interests in Pledged Entity (the "Membership Interests"); (ii) Pledged Entity has good, marketable and insurable fee simple title in and to the real property located at 1231 Way, Ocoee, Florida 34761 and commonly referred to as the "Arya at Windermere" (the "Premises"), as more particularly described in the Loan Documents; and (iii) the Premises are encumbered by and subject to that certain Amended and Restated Multifamily Mortgage, Assignment of Rents and Security Agreement, dated as of September 11, 2023, by and between Pledged Entity (as mortgagor) and NewPoint JV LLC, a Delaware limited liability company (as mortgagee), as recorded on September 13, 2023 in the Orange County, Florida Comptroller's Office Official Records as document number 20230526957 (the "Mortgage") held by Secured Party and securing indebtedness under the Loan Documents in the original principal amount of $37,500,000.00. The Collateral is offered "AS IS, WHERE IS," with all faults, and Secured Party makes no guarantee, representation or warranty (including without limitation, any representation or warranty of merchantability or fitness), express or implied, of any kind or nature whatsoever. Secured Party will be permitted to bid at the sale, and notwithstanding any requirement herein that the sale of the Collateral be for cash, Secured Party may credit bid ail or any portion of the outstanding balance of the amounts due under the Loan Documents. Secured Party reserves the right, in its sole and absolute discretion, to (a) reject all bids and terminate the sale or adjourn the sale to such other date and time as Secured Party may deem proper, by announcement at the place and on the date of sale, and any subsequent adjournment thereof and (b) impose any other commercially reasonable conditions upon the sale of the Collateral as Secured Party may deem proper in its sole and absolute discretion. The Membership Interests are unregistered securities under the Securities Act of 1933 as amended. Because of this, each prospective bidder seeking to be a "Qualified Bidder" (as determined by Secured Party in its sole and absolute discretion) shall be required among other things, to execute and deliver to Secured Party a Bidding Certificate certifying, among other things, that such bidder: (i) will acquire the Collateral for investment purposes, solely for its own account and not with a view to distribution or resale; (ii) is an accredited investor within the meaning of the applicable securities laws; (iii) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of investment and has sufficient financial means to afford the risk of investment in the Collateral; and (iv) will not resell or otherwise hypothecate the Collateral without either a valid registration under applicable federal or state laws, including without limitation the Securities Act of 1933 as amended, or an available exemption therefrom. In addition to proceeding in-person outside the New York Supreme Court, the public sale will proceed remotely with access afforded via a web-based video conferencing and/or telephonic conference program selected by the Secured Party, details of which will be provided to interested and qualified parties in advance of the Sale Date. The public sale of the Collateral shall be subject to the further terms and conditions set forth In the Terms of Public Sale (including without limitation terms and conditions with respect to the availability of additional information, bidding requirements, deposit amounts, bidding procedures, and the consummation of the public sale), which are available online at https://rimarketplace.com/listing/129494/mullifamily/ocoee/fl and by contacting: Newmark, 1420 Spring Hill Road, McLean, Virginia 22102, Attn. John Howley (703-918-0246/john.howley@nmrk.com) and John Daniels (312-224-3260/john.daniels@nmrk.com). ATEG ENTERPRISES: Hwy 181 Property Sale to KSDS 2025 OK'd --------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, has granted Ateg Enterprises Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 12118 S US Hwy 181, San Antonio, Tx 78223. The 341 meeting of creditors was concluded on February 10, 2026. The Debtor employs American Real Estate as real estate broker to sell the Property. The Court has authorized the Debtor to sell the Property to KSDS 2025 Investments LLC for the purchase price of $700,000. The Debtor is authorized to pay from the sale proceeds and American Real Estate is authorized to disburse at closing the ordinary and usual closing expenses including the cost of a title policy; all lienholders; $3,000.00 to the Debtor and all outstanding ad valorem taxes (pro-rated for current year). The remaining funds shall be delivered to Stellar Bank. The Debtor shall reserve $3,000.00 from the sales proceeds to pay the quarterly fees owed. All liens, claims, interests, and encumbrances shall continue in the net sales proceeds to the same extent, validity, and priority as they existed against the Property. The Debtor is authorized to execute all documents necessary to effectuate the sale, including but not limited to a special warranty deed conveying all right, title and interest in and to the Property to the Buyer. About Ateg Enterprises Inc. Ateg Enterprises, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Texas Case No. 25-52669) on November 3, 2025, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Michael M. Parker presides over the case. Robert Chamless Lane, Esq., at The Lane Law Firm PLLC represents the Debtor as bankruptcy counsel. ATHERTON ASSOCIATES: Mark Sharf Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a practicing attorney in Los Angeles, as Subchapter V trustee for Atherton Associates Inc. Mr. Sharf will charge $740 per hour for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Sharf 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 Sharf, Esq. 6080 Center Drive, 6th Floor Los Angeles, CA 90045 Telephone: (323) 612-0202 Email: mark@sharflaw.com About Atherton Associates Inc. Atherton Associates Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-30633) on July 20, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge William J. Lafferty presides over the case. Matthew D. Metzger, Esq. at Belvedere Legal, PC represents the Debtor as legal counsel. AUTOWERKS CSTX: Seeks to Hire Lane Law Firm as General Counsel -------------------------------------------------------------- Autowerks CSTX, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ The Lane Law Firm, PLLC as counsel. The firm will render these services: (a) assist, advise and represent the Debtor relative to the administration of the Chapter 11 case; (b) assist, advise and represent the Debtor in analyzing its assets and liabilities, investigate the extent and validity of lien and claims, and participate in and review any proposed asset sales or dispositions; (c) attend meetings and negotiate with the representatives of the secured creditors; (d) assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this Court, the Appellate Courts, and other courts in which matters may be heard and to protect the interests of the Debtor before said courts and the United States Trustee; and (g) perform all other necessary legal services in this case. The firm will be paid at these hourly rates: Robert Lane, Partner $650 Matthew Bourda, Senior Counsel $625 Joshua Gordon, Partner $625 Zach Casas, Attorney $575 Kyle Garza, Attorney $550 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received multiple payments from the Debtor totaling $35,000 and additional amount of $10,000 for Marden Real Estate case 26-35064 (SDTX). 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 through: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 Email: notifications@lanelaw.com About Autowerks CSTX LLC Autowerks CSTX, LLC is a family-owned independent automotive service facility established in 1975 and located in College Station, Texas. The company provides scheduled maintenance, diagnostics, oil changes, brake and drivetrain work, climate-control service, alignments, and other vehicle repair services. AutoWerks exclusively services European automobile brands including BMW, Jaguar, Land Rover, Mercedes, MINI, Porsche, Rolls-Royce, and Volvo. Autowerks CSTX filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-35062) on July 13, 2026, with $81,077 in assets and $2,600,092 in liabilities. William R. Marden, owner, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Robert C. Lane, Esq., at The Lane Law Firm represents the Debtor as counsel. BARCELONA BEST: Files Emergency Bid to Use Cash Collateral ---------------------------------------------------------- Barcelona Best Living, LLC asks the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, for authority to use cash collateral and provide adequate protection. The Debtor is the owner and operator of a 232-unit multi-family apartment complex located at 5160 South Yale Avenue in Tulsa, Oklahoma. The Debtor's primary source of revenue is the rental income generated by the property. The Debtor's primary secured lender claiming liens on its real property, cash, and accounts is the Federal National Mortgage Association (Fannie Mae). Additionally, a search of Tulsa County records identified several other entities holding potential lien claims on current and future receivables and cash, including Berkeley Point Capital, the City of Tulsa, and various service contractors such as Rasa Floors and Carpet Cleaning LLC, YSA Investments 1 LLC, Accent Restoration LLC, and Empire Protection Services LLC. The Debtor seeks urgent authority to use cash collateral, specifically incoming tenant rent deposited into its debtor-in-possession operating account, to cover payroll and essential general operating expenses necessary to sustain business operations and preserve reorganization efforts. The request is supported by the declaration of Marc Kulick and a 13-week budget, which outlines good-faith projections for operational needs while excluding debt service and capital expenditures. To accommodate unforeseen operational threats, the Debtor requests permission to exceed individual budget line items by up to 110%, provided total monthly cash collateral expenditures do not exceed 10% over the total monthly budgeted amount. A copy of the motion is available at https://urlcurt.com/u?l=CkXt0N from PacerMonitor.com. About Barcelona Best Living, LLC Barcelona Best Living, LLC is a single-asset real estate company that owns Barcelona Apartments, a multifamily apartment property in Tulsa, Oklahoma. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33093) on July 9, 2026. In the petition signed by Mark Kulick, authorized signer, the Debtor disclosed up to $50 million in both assets and liabilities. Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor as legal counsel. BATCH INC: Gets Interim OK to Use Cash Collateral Until Sept. 10 ---------------------------------------------------------------- Batch Inc. received another extension from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral. The court issued a proceeding memorandum and order authorizing the Debtor to use cash collateral under the same terms and conditions through September 10. The Debtor is required to file on or before September 8 a reconciled budget showing actual to projected income and expenses for the period ending August 31, 2026, as well as beginning and ending bank balances monthly, and a projected budget for September, October and November. The next hearing is scheduled for September 10. The Debtor lists several secured creditors including the U.S. Small Business Administration with approximately $221,843 EIDL loan allegedly secured by a first-priority lien on substantially all assets, and additional UCC-1 filings tied to merchant cash advance agreements or short-term loans with uncertain underlying obligations. The Debtor disputes the validity of the MCA agreements, alleging potential predatory lending and usury issues. It also estimates approximately $575,826 in unsecured debt and values its main assets at about $105,699. About Batch Inc. Batch Inc. is a premium all-natural ice cream company headquartered in Longmeadow, Massachusetts. It operates retail ice cream shops and mobile ice cream trucks while offering handcrafted flavors made with high-quality ingredients. Batch Ice Cream became known for specialty flavors such as Salted Caramel, Dark Chocolate, Vanilla Bean, and Mexican Chili. Batch filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-30294) on May 11, 2026, with assets of between $100,000 and $500,000 and liabilities of between $500,000 and $1 million. James LaMontagne of Sheehan Phinney Bass & Green serves as Subchapter V trustee. The Debtor is represented by Robert Girvan, Esq, at Weiner Law Firm, P.C. BLOOM HOTELS: Secures Interim Green Light for 364 Capital DIP Loan ------------------------------------------------------------------ Bloom Hotels 6060, LLC received interim approval from the U.S. Bankruptcy Court for the District of Florida, to obtain debtor-in-possession financing to get through bankruptcy. The interim order authorized the Debtor to obtain an initial $830,000 from 364 Capital, LLC, which has committed to provide up to $2.545 million in senior secured priming DIP facility. The interim funding is needed to begin remediation work on a non-operating, 86-unit hotel condominium property located at 6060 Indian Creek Drive, Miami Beach, Florida. The immediate goal is to address and mitigate approximately $2.5 million in legacy municipal code enforcement liens imposed by the City of Miami Beach prior to an upcoming municipal magistrate hearing scheduled for August 13. The vacant property was valued at $38 million according to a December 2025 MAI appraisal by AppraisalFirst, LLC. The Debtor's primary pre-petition secured lender, De Paz Family Investments, LLC, holds a foreclosure judgment totaling approximately $24.68 million secured by all of the Debtor’s assets. Additional pre-petition encumbrances include approximately $791,913 in real estate property tax liens and $2.53 million in City liens, bringing total pre-petition secured claims to approximately $28.0 million. The Debtor said that De Paz Family Investments is adequately protected by a substantial remaining equity cushion of approximately $10.77 million (representing a 69% Loan-to-Value ratio post-DIP deployment). Furthermore, the $830,000 interim funding draw will be deployed to eliminate $2.53 million in City Liens for an estimated cost of only $517,000, making the borrowing accretive and essentially net-positive for DPFI and the estate. Negotiated with 364 Capital, the material terms of the DIP facility include: 1. Loan Amount and Draws: Up to $2.545 million total commitment, consisting of an initial $830,000 interim drawdown and a subsequent $1,715,000 final draw. 2. Maturity and Interest: 12-month term from the interim funding date; contract interest rate of 12.50% (17.50% default rate), paid monthly on an interest-only basis via a 3-month interest reserve funded from loan proceeds. 3. Fees: 1% servicing fee, 4% commitment fee, $25,000 application fee, $25,000 deferred fee, and a 4% standby fee if triggered. 4. Collateral and Priorities: Secured by a senior first-priority priming lien on all real and personal property of the estate (excluding bankruptcy causes of action) pursuant to Section 364(d)(1) and a Section 364(c)(1) superpriority administrative expense claim, subject to a professional carveout. 5. Carveout: $75,000 upon interim funding (designated for Debtor’s counsel) and $425,000 upon final funding (covering Chapter 11 estate professionals, U.S. Trustee fees, and clerk court fees). The Debtor said that it engaged in extensive efforts to secure alternative capital, contacting approximately 30 capital-markets counterparties both prepetition and post-petition. While some third parties offered first-mortgage refinancing proposals, none were willing to provide post-petition DIP financing on an unsecured, administrative expense, or junior lien basis—nor was DPFI willing to extend a DIP facility. Therefore, obtaining priming DIP financing under Section 364(d) represents an option of last resort to prevent further accrual of municipal fines, secure the property ahead of the upcoming storm season, pay off outstanding tax liens, maintain administrative solvency, and bridge the Debtor toward confirming a Chapter 11 plan of reorganization prior to its extended exclusivity deadline of August 17. The order is available at http://bankrupt.com/misc/BloomHotels_DIPOrder86.pdf The court scheduled a final hearing for August 24 and set an August 21 deadline for filing objections. 364 Capital, as DIP lender, is represented by: Joseph A. Pack, Esq. Pack Law 4649 Ponce de Leon Boulevard, Suite 405 Coral Gables, FL 33146 Phone: (305) 916-4500 joe@packlaw.com About Bloom Hotels 6060 LLC Bloom Hotels 6060, LLC, owns the real property and improvements at 6060 Indian Creek Drive in Miami Beach, Florida, a waterfront condo-hotel complex. Bloom Hotels 6060 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11867) on Feb. 16, 2026, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Kristopher E. Pearson, Esq., at Damian Valori Culmo. BUILTTOSUIT USA: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- BuiltToSuit USA, LLC received second interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. Under the second interim order, the Debtor is authorized to use cash collateral for court-approved payments and current expenses set forth in its budget. This authorization will continue until further court order. The Debtor projects total monthly operational expenses of $24,473. The creditors that may claim interests in the cash collateral are Bluevine Capital, Inc., IOU Central, Inc., Samson MCA, LLC, and SQ Advance LLC (Square Advance). Each of these creditors allegedly claims a security interest in the Debtor's accounts and accounts receivable under merchant cash advance agreements. Additionally, C T Corporation System filed UCC-1 financing statements in Florida in February and May, claiming a security interest in all of the Debtor's accounts. As adequate protection, each creditor with a security interest in cash collateral will have a perfected replacement lien, with the same validity, priority and extent as its pre-petition lien. The Debtor acknowledges these asserted liens only to the extent they may be valid, while reserving the right to dispute their enforceability, priority, and extent. The order is available at https://shorturl.at/qlWgg The next hearing is scheduled for September 16. About Builttosuit USA LLC Builttosuit USA, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17598) on June 10, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Craig I. Kelley, Esq., represents the Debtor as legal counsel. Tarek Kiem, Esq., at Kiem Law, PLLC serves as Subchapter V trustee for the Debtor. BUZZFEED INC: Cuts Workforce 35%, Expects $32M Annualized Savings ----------------------------------------------------------------- BuzzFeed, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 22, 2026, the Board of Directors approved a reduction in workforce plan designed to reduce operating expenses by implementing an approximately 35% reduction in the current workforce and dedicated contractors across various geographies and functions. The reduction in workforce plan is intended to advance the Company's path towards profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and preserving cash. The Company expects to recognize restructuring charges in connection with the reduction in workforce plan, including severance, outplacement services, and benefits continuation. The Company estimates that charges will range between $6.5 million to $8.5 million and expects the charges will be recognized primarily in the third quarter of 2026. The majority of these charges will result in cash expenditures and are expected to be paid by the end of the fourth quarter of 2026. The Company expects to realize annualized savings of approximately $29 million to $32 million, beginning primarily in the third quarter of 2026 and beyond. The workforce reduction will affect approximately 180 staffers companywide. Prior to the cuts, BuzzFeed, across all its units, had approximately 510 employees. The plan impacts teams across the media brand that owns HuffPost, Tasty, and BuzzFeed Studios. In an unsigned memo to employees, company leadership stated: "Today we are making important changes to BuzzFeed that are required to put our business on a path to profitable and sustainable growth. Four months ago, in our March earnings call we stated a substantial doubt about the company's ability to continue as a going concern. Fortunately after that public announcement, Byron Allen quickly stepped in and made an investment of approximately 26 million dollars into BuzzFeed to stabilize, protect, and grow the company." The memo continued: "Byron sees incredible opportunity in all of our assets and recognizes BuzzFeed, HuffPost, Tasty and BuzzFeed Studios have large audiences and are great brands. BuzzFeed is well-positioned for growth, especially in free streaming. BuzzFeed Studios will operate as its own entity consolidated under BuzzFeed, Inc., enabling us to maximize synergies across the broader portfolio and secure further investment. Content and Tech teams will be keenly focused on maximizing audience engagement, revenue, and profitability." This marks the first major restructuring move under Byron Allen's ownership tenure. In a $120 million agreement unveiled in May, Allen took a 52 percent majority stake in the company as well as the CEO role from founder Jonah Peretti. About BuzzFeed, Inc. BuzzFeed is a digital media company based in New York. Its brands include BuzzFeed, HuffPost and Tasty, covering pop culture, entertainment, shopping, food and news. The company produces and distributes content across platforms and generates revenue through digital advertising and complementary commerce-related activities. Deloitte & Touche LLP's report dated March 16, 2026, included substantial-doubt language about BuzzFeed's ability to continue as a going concern. The auditor cited recurring losses, operating cash use, insufficient liquidity to fund obligations over the following year and uncertainty about regaining compliance with Nasdaq's bid-price requirement. As of March 31, 2026, BuzzFeed reported total assets of $169.11 million, total liabilities of $132.35 million and total stockholders' equity, including noncontrolling interests, of $36.76 million. BYRUM'S FLOOR: Plan Confirmation Hearing Scheduled for Sept. 10 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Ohio will hold a hearing on September 10, 2026 at 2:00 p.m. before Honorable Tyson A. Crist to confirm the Subchapter V Plan of Reorganization of Byrum's Floor Store, LLC. Pursuant to Federal Rule of Bankruptcy Procedure 3017.2, it is hereby ordered and notice is hereby given, as follows: * August 20, 2026 is the deadline for any party in interest eligible to and wishing to vote to complete and sign a ballot and mail the ballot accepting or rejecting the Plan to counsel for the Debtor. * August 27, 2026 is the deadline for the Debtor to file a certification and summary report of ballots received, reflecting all votes by class, number of claims and amount of claim. * September 3, 2026 is the deadline to file any objection to confirmation of the Plan. * September 7, 2026 is the deadline to file any reply to an objection to confirmation of the Plan, a brief in support of confirmation, and/or a report of the Subchapter V Trustee on confirmation of the Plan. In a court filing, the Company is engaged in the business of selling and installing floor coverings for residential and commercial structures, including carpet, vinyl, hardwood, tile, and other floor coverings. The Company leases a retail showroom located at 2643 E. Main St., Springfield, Ohio 45503 (the "Showroom Location"). The Company leases a storage warehouse located at 2675 E. Main St., Springfield, Ohio 45503 (the "Warehouse Location"). Starting in 2024, the Company began incurring debt through merchant cash advances. Those creditors required daily or weekly payments that were automatically deducted from the Company's bank account as accounts receivable were converted into cash. Following the default of the merchant cash advance loan obligations, at least one creditor attempted to levy the Company's credit card processor, resulting in the inability to process payments from customers. At least one creditor also attempted to levy the Company's bank accounts. Class 3 consists of General Unsecured Claims. As of the date of this Plan, creditors are alleged to have General Unsecured Claims totaling $293,070.86. In full and final satisfaction of such Allowed General Unsecured Claim, each holder of an Allowed General Unsecured Claim shall receive, on or before the Plan Completion Date, Cash in an amount equal to one hundred percent of the amount of such Allowed General Unsecured Claim, plus interest as provided herein. Notwithstanding the amount of interest alleged by a holder of an Allowed General Unsecured Claim, Class 3 General Unsecured Claims shall accrue interest at the rate of eight and one-half percent per annum until satisfied in full. There shall be no prepayment penalty in the event the Debtor satisfies an Allowed General Unsecured Claim prior to the Plan Completion Date. Distributions to each holder of an Allowed General Unsecured Claim shall be made as follows: * Commencing on the Effective Date and for forty-eight consecutive months thereafter, the Debtor will remit the Minimum Monthly Installment to each holder of an Allowed General Unsecured Claim. When excess disposable income is available, the Debtor will remit additional amounts in excess of the Minimum Monthly Installment. * Each Allowed General Unsecured Claim shall be paid in full, with interest as set forth herein, on or before the Plan Completion Date. Class 3 is Impaired under the Plan. Each holder of an Allowed General Unsecured Claim is entitled to vote to accept or reject the Plan. Class 4 consists of Equity Interests. On the Plan Completion Date, Equity Interests shall be deemed Unimpaired, and the holders of Equity Interests shall retain any such Equity Interests. The Debtor will implement the Plan in a manner consistent with the terms and conditions set forth in the Plan and the Confirmation Order. On and after the Effective Date, except as otherwise provided in the Plan, the Debtor may use, acquire, or dispose of property and compromise or settle any Claims, Interests, or Causes of Action without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules. The Plan will be funded from the ongoing business operations of the Debtor as set forth in the projections. There is currently no intent to liquidate Assets of the Company to fund the Plan. A full-text copy of the Plan of Reorganization dated July 13, 2026 is available at https://urlcurt.com/u?l=kh6Jua from PacerMonitor.com at no charge. Proposed Counsel for the Debtor: Dustin R. Hurley, Esq. HURLEY LAW, LLC 301 N. Breiel Blvd. Middletown, OH 45042 Telephone: (513) 705-9000 Facsimile: (513) 705-9001 E-mail: hurley@hurley.law About Byrum's Floor Store Byrum's Floor Store sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ohio Case No. 3:26-bk-30812) on March 14, 2026. In the petition signed by Kurt A. Byrum, president, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Tyson A. Crist oversees the case. Russ B. Cope, Esq., at Cope Law Offices, LLC, is the Debtor's bankruptcy counsel. CANNON'S CLASS: Seeks $75,000 DIP Loan From Hard 2 Place Bonds -------------------------------------------------------------- Cannon's Classic Cars, LLC asks the U.S. Bankruptcy Court for the District of Utah for authority to obtain post-petition financing necessary to secure a replacement of its statutory motor vehicle dealer bond. The Debtor seeks to obtain post-petition financing outside the ordinary course of business to secure a mandatory $75,000 replacement motor vehicle dealer bond required by Utah state law. The Debtor's current bond is set to expire on August 15, 2026 (with a potential grace period extending to August 22, 2026), and without a replacement in place, the Debtor cannot legally continue its motor vehicle dealership operations. Due to pending claims and the complications of its bankruptcy filing, the Debtor contacted multiple bond providers, but Hard 2 Place Bonds (through agent Steve Hay) was the only surety willing to offer the required coverage. Under the proposed terms, the total cost to acquire the bond is $8,007. The Debtor will pay an initial down payment of $2,875 (which incorporates a $375 broker fee) using its ordinary operating revenues and will finance the remaining $5,000. The uncollateralized financing carries an annual interest rate of 12.60% (totaling $131.94 in interest) and requires four monthly installments of $1,283 due between September and December 2026, with maturity in December 2026. the Debtor confirms that the terms omit any "extraordinary relief" provisions, expects closing to occur promptly following court approval on August 10, 2026, and asserts that its regular operational revenue will be sufficient to timely satisfy all financial obligations under the agreement. The court scheduled a hearing for August 10 and set an August 3 deadline for filing objections. A copy of the motion is available at https://urlcurt.com/u?l=5Uij1A from PacerMonitor.com. About Cannon's Classic Cars LLC Cannon's Classic Cars LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 26-22970) on May 19, 2026, listing $100,001 to $500,000 in both assets and liabilities. Judge David H Leigh presides over the case. T. Edward Cundick, Esq. at Workman Nydegger serves as the Debtor's counsel. CASHCALL INC: Court OKs Interim DIP Loan From Absolutely Zero ------------------------------------------------------------- CashCall, Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of California to obtain debtor-in-possession financing to get through bankruptcy. The interim order entered on July 28 authorized the Debtor to obtain an initial loan of $300,000 from Absolutely Zero Corporation, an entity owned by J. Paul Reddam who is the Debtor's sole shareholder). To fund its post-petition operations, the Debtor negotiated a $3.995 million revolving DIP credit facility provided by Absolutely Zero. Key details and structural terms of the proposed DIP Facility include: 1. Funding Limits & Disbursements: Up to $3.995 million total, with $1.3 million made available immediately upon entry of the interim order and the remaining balance accessible following the final DIP order, all governed by a 13-week cash flow budget. 2. Interest & Terms: Interest accrues at the SOFR rate (increasing by 2% upon default/termination), with no ongoing interest payments required until full repayment at maturity. The facility carries no origination fees, prepayment fees, or financial covenants (other than adherence to the budget), and matures on December 31. 3. Collateral & Lien Status: The facility is secured under Bankruptcy Code Section 364 by valid, fully-perfected liens and a superpriority administrative expense claim on all estate assets (including cash, receivables, real/personal property, Chapter 5 avoidance action proceeds upon final order, and Section 506(c)/550 recoveries). 4. Priority Structure: DIP liens and superpriority claims remain subordinate only to validly perfected pre-petition liens existing prior to the Petition Date, as well as an established Professional Fee Carve-Out. The lender will be granted superpriority administrative claim status with respect to all of the Debtor's obligations under the DIP loan agreement. The Debtor is not authorized to grant any lien on Chapter 5 avoidance actions. Regarding pre-petition debt, the Debtor said it currently owes nothing to the DIP lender and believes no other party holds a valid, perfected lien on its assets. The Debtor said that this DIP facility represents the best and only available financing option, negotiated on fair terms with independent oversight from its chief restructuring officer and independent director. The primary objectives of the Debtor's Chapter 11 filing are to stabilize ongoing operations, meet ordinary course operating expenses, fund the bankruptcy proceedings, evaluate potential litigation assets, and determine whether to pursue a profitable reorganization or an orderly liquidation. The order is available at http://bankrupt.com/misc/CashCallnc_DIPOrder30.pdf The court scheduled a final hearing for August 26 and set a n August 12 deadline for filing objections. About CashCall Inc. CashCall Inc. is a California-based fintech and consumer finance company that provides online lending products, including personal loans and installment financing. Founded in 2003, the company became a prominent online lender but later faced extensive regulatory enforcement actions and litigation concerning its lending operations. CashCall Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-03102) on July 20, 2026. In its petition, the Debtor reports assets of $1 million to $10 million against liabilities ranging from $100 million to $500 million. Honorable Bankruptcy Judge J Barrett Marum handles the case. The Debtor is represented by Patrick L. DuBois, Esq. of Manatt, Phelps & Phillips. CHERRY BUTTE: Elizabeth Lally Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 12 appointed Elizabeth Lally as Subchapter V trustee for Cherry Butte Company. Ms. Lally will be paid an hourly fee of $300 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Lally declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Elizabeth Lally 12020 Shamrock Plaza, Suite 200 Omaha, NE 68154 Telephone: (402) 778-4840 Email: elally@lally-legal.com About Cherry Butte Company Cherry Butte Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.D. Case No. 26-30564) on JJuly 21, 2026, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Shon Hastings presides over the case. Karl Joseph Johnson, Esq. at Mjb Law Firm PLLC represents the Debtor as legal counsel. CHERRY BUTTE: Gets Interim OK to Use Cash Collateral Until Aug. 11 ------------------------------------------------------------------ Cherry Butte Company received interim approval from the U.S. Bankruptcy Court for the District of North Dakota to use cash collateral and provide adequate protection. Under the interim order, the Debtor is authorized to use cash collateral from July 21 through August 11 to fund its operations based on a court-approved budget. The Debtor's capital structure includes multiple prepetition debt obligations secured by general business assets, which carry an estimated total liquidation value of $29,084. Dakota Western Bank holds the primary senior secured position, originating from an August 17, 2007 loan agreement perfected via a North Dakota UCC-1 filing and subsequent continuations. As of the petition date, the outstanding balance on the Dakota loan is $413,674 out of a total claim obligation of $2,519,830. Because the total collateral value is significantly below Dakota's claim, Dakota absorbs all available equity in the prepetition collateral. Due to the absence of unencumbered equity under 11 U.S.C. section 506, the Debtor positionally treats all junior lenders as holders of unsecured claims. These claims include a Wells Fargo Bank line of credit with a balance of $61,000, an SBA Economic Injury Disaster Loan with a balance of $487,979, and a Western Equipment Finance loan with a balance of $64,389. Additionally, the Debtor owes Grasshopper Bank $343,752 on an SBA loan and TVT Capital Source LLC $307,197 on a business loan. Agreements with Byzfunder NY LLC (balance of $128,104) and GlenRidge Capital LLC (balance of $130,787) are also categorized as unsecured loans rather than true factoring due to personal guarantees by principals Scott Allan Nasset and Katie Nasset as well as blanket asset security interests. The Debtor's cash collateral consists primarily of accounts receivable and funds held in bank accounts at Wells Fargo Bank as of the petition date. Lacking alternative working capital, Cherry Butte requires immediate access to this cash collateral to fund payroll, pay key suppliers, and maintain ordinary business operations. To satisfy the statutory adequate protection requirements, the Debtor offers granting post-petition replacement liens under 11 U.S.C. section 552 on post-petition accounts receivable and cash collateral to Dakota Western Bank and the SBA. These replacement liens will maintain the same priority as prepetition liens but will explicitly exclude Chapter 5 avoidance actions or recoveries. A final hearing will be held on August 11. The order is available at http://bankrupt.com/misc/CherryButte_CCOrder35.pdf About Cherry Butte Company Cherry Butte Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.D. N.D. Case No. 26-30564) on July 21, 2026. In the petition signed by Katie C. Nasset, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Shon Hastings oversees the case. Karl Johnson, Esq., at MJB Law Firm PLLC, represents the Debtor as legal counsel. CICC & SONS: Plan Exclusivity Period Extended to Sept. 28 --------------------------------------------------------- Judge Carlota M. Bohm of the U.S. Bankruptcy Court for the Western District of Pennsylvania extended Cicc & Sons Investments, LLC's 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 Debtor maintains that sufficient cause exists for an extension of the filing deadlines and the Exclusivity Periods. First, the Debtor has been working with its major secured creditors on a path for a successful reorganization. While these discussions are ongoing, additional time is needed in order to propose a plan. Second, the Claims Bar Date has not passed. The deadline for all nongovernmental entity creditors is Aug. 3, 2026. The deadline for all governmental entity creditors is Aug. 25. It is prudent for the claims bar date to pass in order for the Debtor to fully assess the universe of claims filed against it. Additionally, the Debtor has been to fix damaged units and increase occupancy at the rental units. This additional time will allow the Debtor to lease units during the peak rental season prior to filing a chapter 11 plan. The Debtor asserts that its creditor will not be prejudiced by the requested extensions. On the contrary, the Debtor's creditors will be best served with an extension of the Exclusivity Periods and the filing deadline. Cicc & Sons Investments, LLC, is represented by: David Z. Valencik, Esq. Calaiaro Valencik 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Telephone: (412) 232-0930 Facsimile: (412) 232-3858 E-mail: dvalencik@c-vlaw.com About Cicc & Sons Investments Cicc & Sons Investments, LLC in Pittsburgh, PA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Pa. Case No. 26-20546) on Feb. 27, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Chris Ciccarelli as managing member, signed the petition. CALAIARO VALENCIK serves as the Debtor's legal counsel. CLACKAMAS PHYSICAL: Hires Michael D. O'Brien as Bankruptcy Counsel ------------------------------------------------------------------ Clackamas Physical Therapy Associates, Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the District of Oregon to hire Michael D. O'Brien & Associates P.C. as its counsel. The firm's services include: (a) negotiate financing orders; (b) obtain authorization for use of cash collateral; (c) review and evaluate the status and validity of secured claims; (d) litigate to implement the Debtor's avoidance powers; and (e) formulate a plan of reorganization. The firm's attorneys and staff will be paid at these hourly rates: Michael D. O'Brien, MDO, Partner $495 Theodore J. Piteo, TJP, Partner $550 Hugo Zollman, HZ, Senior Paralegal $185 Lauren Gary, LNG, Paralegal $125 Associate Attorney, Attorney $300 In addition, the firm will seek reimbursement for expenses incurred. On March 29, 2026, the firm was retained by the Debtor, regarding investigation into reorganization and received $10,000. On May 14, 2026, the firm received an additional $15,000. On May 22, 2026, Firm received an additional $13,000. And a final payment of $7,000 on May 26, 2026, to prepare bankruptcy schedules, to analyze and strategize for ongoing debt negotiation with creditors, and to assist with this chapter 11 filing. Mr. Piteo 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: Theodore J. Piteo, Esq. Michael D. O'Brien & Associates PC 7609 S.W. Beveland Road Portland, OR 97223 Telephone: (503) 786-3800 About Clackamas Physical Therapy Associates, Inc. Clackamas Physical Therapy Associates, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 26-32404) on July 10, 2026, listing $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Judge Peter C Mckittrick presides over the case. Theodore J. Piteo, Esq. at Michael D O'Brien & Associates, P.C. serves as the Debtor's counsel. CLEAN ENERGY: Posts $662K Q1 Net Loss; Going Concern Doubt Remains ------------------------------------------------------------------ Clean Energy Technologies, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $662,200 for the three months ended March 31, 2026, compared with a net loss of $660,056 for the same period in 2025. The increased loss was primarily attributed to the absence of higher-margin Heat Recovery Solutions sales, a revenue mix shift toward its lower-margin China natural gas business, changes in the fair value of convertible instruments, lower gross margins, and interest and financing fee variations. Reduced operating expenses from lower personnel costs associated with the Vermont Renewable Gas projects partially offset these factors. Revenue increased 77% to $783,705 for the three months ended March 31, 2026, from $441,940 in the prior-year period, primarily due to higher revenue from the Company's natural gas business in China. Gross profit declined to a loss of $13,930 from a profit of $411,878 in the prior-year period because of the shift toward lower-margin revenue and the absence of higher-margin clean energy system sales. Operating expenses declined to $705,354 from $824,656, primarily reflecting lower salary and personnel costs as the Vermont Renewable Gas projects advanced into the final permitting phase. Going Concern The financial statements were prepared on a going concern basis. As of March 31, 2026, the Company reported stockholders' equity of $7.03 million, working capital of $1.04 million, an accumulated deficit of $35.96 million, and net cash used in operating activities of $836,618 during the quarter. Management concluded that these conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company remains dependent on obtaining additional debt and/or equity financing and generating positive operating cash flows. To address these conditions, management plans to obtain additional debt and equity financing, including restructuring certain existing debt obligations through equity capital raises. The Company is also pursuing strategic partnerships, joint ventures, and project-level financing, including collaborations with Exergy and Metis Power, to support project development and capital access. Additional initiatives include cost-reduction measures within its Heat Recovery Solutions business through its supply chain partnership with Sagacity, while continuing to focus on revenue growth, liquidity preservation, and expense management. Management stated that there can be no assurance these plans will be successfully implemented or result in profitable operations and positive cash flows. Liquidity and Capital Resources Net cash used in operating activities increased to $833,538 during the quarter from $776,047 in the prior-year period, primarily due to operating losses and increases in inventory, interest receivable, and other assets, partially offset by non-cash items and increases in accounts payable and accrued liabilities. Net cash used in investing activities increased to $702,746 from $2,932, primarily reflecting a $700,000 investment in a note receivable and a $2,746 long-term investment. Net cash provided by financing activities increased to $975,557 from $759,002, primarily due to higher proceeds from notes payable and lines of credit, partially offset by repayments of existing borrowings. Business Update The Company said it has repositioned itself into four operating segments designed to diversify revenue growth: * Clean Energy Heat Recovery Systems (HRS) * Waste-to-Energy * Engineering, Procurement and Consulting (EPC) * CETY HK Natural Gas Trading and Acquisitions First-quarter revenue was primarily generated by the CETY HK natural gas trading business. Management expects higher-margin contributions from the Waste-to-Energy, Heat Recovery, and EPC segments in future periods. The Company's pilot Waste-to-Energy facility in Vermont is awaiting final approval from the Vermont Public Utility Commission. Management also cited increasing demand for Heat Recovery solutions in the United States and Europe and said it is expanding its engineering and project management capabilities to provide integrated clean energy solutions globally. The Company stated that its four-segment strategy creates operational synergies and cross-selling opportunities while benefiting from increasing global investment in renewable energy and continued supply-chain improvements. Management intends to continue expanding sales, marketing, production, research and development, and pursue strategic acquisitions to support long-term growth. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/2ebzjw2c About Clean Energy Clean Energy Technologies, Inc., headquartered in Irvine, California, develops renewable energy products and clean energy solutions focused on energy efficiency and renewable energy. The company provides waste heat recovery, waste-to-energy, engineering, consulting and project management services, including converting waste products into electricity, renewable natural gas, hydrogen and biochar. Through Clean Energy Technologies (H.K.) Limited, the company sources, purchases and supplies natural gas to industries and municipalities in mainland China. In the Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, the Company stated that although its financial statements have been prepared under the assumption that it would continue its operations as a going concern, there is substantial doubt about its ability to continue as a going concern, based on its financial statements and results of operations at that time. Specifically, the Company have experienced losses from operations and negative cash flows from operating activities. As of March 31, 2026, the Company had $13.91 million in total assets, $6.88 million in total liabilities, and $7.03 million in total stockholders' equity. CLEAR CHANNEL: BlackRock Discloses 30.22M Shares, 5.9% Stake ------------------------------------------------------------ BlackRock, Inc., disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 30, 2026, it beneficially owns 30,222,311 shares of Clear Channel Outdoor Holdings, Inc.'s Common Stock (with sole voting power over 29,697,919 shares, sole dispositive power over 30,222,311 shares, and no shared voting or dispositive power), representing 5.9% of the Common Stock. This filing reflects securities beneficially owned, or deemed to be beneficially owned, by certain business units of BlackRock, Inc. and its subsidiaries and affiliates, in accordance with SEC Release No. 34-39538. It does not include securities beneficially owned by other business units whose ownership is disaggregated. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock. No one person's interest is more than five percent of the total outstanding common shares. BlackRock, Inc. may be reached through Spencer Fleming 50 Hudson Yards New York, NY 10001 Tel: (212) 810-5800 A full-text copy of BlackRock, Inc.'s SEC report is available at: https://tinyurl.com/mr3u95v4 About Clear Channel Outdoor Holdings, Inc. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Clear Channel's dynamic advertising platform is broadening the pool of advertisers using its medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of Clear Channel's diverse portfolio of assets, it connects advertisers with millions of consumers every month. As of March 31, 2026, the Company had $3.7 billion in total assets, $7.2 billion in total liabilities, and $3.4 billion in total stockholders' deficit. * * * In Feb. 2026, S&P Global Ratings placed all its ratings on Clear Channel Outdoor Holdings Inc. (CCOH), including the 'CCC+' Company credit rating, on CreditWatch with positive implications. S&P expects to resolve the CreditWatch at the close of the transaction. At that time, it will likely raise its rating by at least one notch based on its expectation of positive free operating cash flow (FOCF) going forward. CCOH's announced that it will be acquired by a group of investors through a take-private transaction. Moreover, Moody's Ratings has placed all of Clear Channel Outdoor Holdings, Inc.'s credit ratings on review for upgrade including the Caa1 corporate family rating, Caa1-PD probability of default rating, the B2 senior secured notes and senior secured bank credit facilities ratings (including the revolving credit facility (RCF) and Term Loan B (TLB)), and the Caa3 senior unsecured notes ratings. Previously, the outlook was stable. The company's SGL-2 Speculative Grade Liquidity Rating (SGL) remains unchanged. CN HOLDINGS: Seeks to Sell Utah Firehouse Subs to Highest Bidder ---------------------------------------------------------------- CN Holdings LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's assets comprised of its remaining Utah Firehouse Subs store locations. The Debtor has continued to market the Purchased Assets through Eric Gagnon and We Sell Restaurants serving restaurant broker and agent for the Debtor. We Sell Restaurants listed the restaurant locations for sale on its national platforms including its listing website for potential buyers to view. We Sell Restaurants reached out to investors and buyers seeking a buyer for the Purchased Assets, including listing the restaurant locations for sale on its national platforms listing website for potential buyers to view. Despite efforts, the Debtor did not receive an offer for the Purchased Assets that was higher or better than the Stalking Horse Bid. Additionally, the Stalking Horse Bidder, in the process of seeking financing for the transaction, advised the Debtor that its lender's maximum qualification for the buyer based upon appraisal of the Purchased Assets would be for a purchase price of $725,000. The Stalking Horse Bidder has submitted to Debtor a revised version of the offer, with the slightly lower purchase price of $725,000. The Debtor believes that the proposed sale to the Stalking Horse Bidder consistent with the terms of the revised APA represents the highest and best bid for the Purchased Assets. The offer was subject to higher and better bids, but no higher or better bid was received despite plenary market exposure. The Purchased Assets to be sold are those in relation to the following restaurants: * Restaurant No. 1049 located at 1077 N Main STE 110 Logan, UT 84341 * Restaurant No. 1972 located at 4197 Riverdale Rd. Riverdale, UT 84405 * Restaurant No. 1963 located at 2151 N Hillfield Rd. Layton, UT 84401 * Restaurant No. 1821 located at 490 E 1100 N North Salt Lake, UT 84054 * Restaurant No. 1178 located at 11521 S 4000 W #101 South Jordan, UT 84095 * Restaurant No. 10174 located at 1321 N Redwood Rd. STE A, Saratoga Springs, UT 84045 The Sale to the Stalking Horse Bidder will yield cash proceeds of $725,000, which, after payment of the Cure Costs to the Franchisor, commission to We Sell Restaurants (which will be paid only pursuant to an approved application under section 330 of the Bankruptcy Code), the costs of escrow, and certain other costs, should result in substantial net proceeds for the benefit of the estate. The Debtor believes that the Proposed Sale will maximize the value of the Purchased Assets, preserve going-concern value, and maximize stakeholder returns. The Debtor seeks to sell its unprofitable stores and continue operating its profitable Firehouse Subs franchises. About CN Holdings LLC CN Holdings, LLC, doing business as Firehouse Subs of SE Idaho and Utah, operates Firehouse Subs restaurants as a franchisee, a fast-casual chain specializing in submarine sandwiches that serves hot subs prepared with meats and cheeses across North America. The company was formed through the merger of 2C Inferno LLC, 4C&N, LLC, and Ignacious Endeavors, LLC on Jan. 23, 2026. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-21555) on March 23, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Christopher Morris, manager, signed the petition. Judge Michael F. Thomson presides over the case. Brian M. Rothschild, Esq. at PARSONS BEHLE & LATIMER represents the Debtor as legal counsel. COGNITIVE ORGANICS: Frederic Schwieg Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Frederic Schwieg, Esq., at Schwieg Law, as Subchapter V trustee for Cognitive Organics, LLC. Mr. Schwieg will be paid an hourly fee of $370 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schwieg declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Frederic P. Schwieg, Esq. Schwieg Law 2705 Gibson Drive Rocky River, OH 44116-1815 Phone: (440) 499-4506 Email: fschwieg@schwieglaw.com About Cognitive Organics LLC Cognitive Organics, LLC is a Bolivar, Ohio-based healthcare provider specializing in mental health counseling, neurofeedback therapy, and brain regulation services. The company offers Low Energy Neurofeedback System (LENS) treatments through school-based and community-based programs and operates facilities in Bolivar, Uhrichsville, and Akron, Ohio. Cognitive Organics, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-61053) on July 17, 2026. In its petition, the Debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. The Honorable Tiiara N.A. Patton handles the case. The Debtor is represented by Steven Heimberger, Esq., of Roderick Linton Belfance, LLP. COGNITIVE ORGANICS: Taps Roderick Linton Belfance as Legal Counsel ------------------------------------------------------------------ Cognitive Organics, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Ohio to employ Roderick Linton Belfance, LLP as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of the business; (b) advise the Debtor with respect to all bankruptcy matters; (c) prepare all necessary legal papers in connection with the administration of the estates of Debtor; (d) represent the Debtor at all hearings on matters relating to its affairs and interests before this Court and protect its interests; (e) prosecute and defend litigated matters that may arise during these case; (f) advise the Debtor with respect to other legal matters that may arise during the pendency of the case; and (g) perform other legal services that are necessary for the economic and efficient administration of the case. The firm's hourly rates are as follows: Partners $300 - $400 Steven Heimberger, Partner $350 Associate & Of Counsel $225 - $350 David Randolph, Associate $285 Paralegals $125 - $165 In addition, the firm will seek reimbursement for expenses incurred. On June 1, 2026, the firm received an initial retainer of $15,000 from the Debtor. Mr. Heimberger 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: Steven J. Heimberger, Esq. 50 South Main Street, 10th Floor Akron, OH 44308 Telephone: (330) 434-3000 Facsimile: (330) 434-9220 Email: sheimberger@rlbllp.com About Cognitive Organics LLC Cognitive Organics, LLC is a Bolivar, Ohio-based healthcare provider specializing in mental health counseling, neurofeedback therapy, and brain regulation services. The company offers Low Energy Neurofeedback System (LENS) treatments through school-based and community-based programs and operates facilities in Bolivar, Uhrichsville, and Akron, Ohio. Cognitive Organics, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-61053) on July 17, 2026. In its petition, the Debtor reported estimated assets of up to $50,000 and estimated liabilities of $500,000 to $1 million. Judge Tiiara N.A. Patton handles the case. The Debtor is represented by Steven Heimberger, Esq., at Roderick Linton Belfance, LLP. COLLABOW INC: Gets Court OK to Use Cash Collateral -------------------------------------------------- Collabow, Inc. got the green light from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral and provide adequate protection. Under the court order, the Debtor is authorized to use the cash collateral of ClearCoast Capital, LLC on a final basis. The Debtor is authorized to pay rent, utilities and employees in the amounts set forth on its budget from the net profits of CVS receivables. However, the Debtor is not authorized to pay the pre-petition receivable set forth on the budget absent further court order. Prior to filing, the Debtor faced severe cash flow distress and entered into nine pre-petition financing agreements, including an initial $250,000 loan from WebBank (currently owed approximately $182,000) and eight subsequent merchant cash advance contracts totaling over $1.5 million. WebBank holds the sole perfected senior security interest in its pre-petition receivables and inventory, while the remaining MCA providers are unsecured. To fund its post-petition operations, the Debtor needs to obtain factor financing from ClearCoast and use the resulting cash collateral. The Debtor recently secured a $2,524,336 purchase order from CVS Pharmacy, Inc. for puffer jackets, vests, and pajamas, but its overseas manufacturers -- Freewill Collection Inc. ($720,153) and C & L Global Co., Ltd. ($1,602,236) -- refuse to produce the goods without guaranteed payment. Under the factoring agreement, ClearCoast will issue letters of credit and advance funds to the manufacturers in exchange for a senior priming lien on the new CVS order proceeds, a 1.875% fee for the first 30 days (plus 0.75% per 10 days thereafter), a $7,500 closing fee, $5,000 in initial legal fees, and a $10,000 reserve for future legal expenses. Upon fulfillment of the CVS order, ClearCoast will collect the contract proceeds and disburse an estimated 8% net profit margin—totaling $201,947—to Collabow. The Debtor intends to use the cash collateral to fund necessary operating expenses and factor fees according to the budget. Collabow argued that without ClearCoast's factor financing and cash collateral usage, the CVS order cannot be executed, generating no collateral for existing creditors and causing immediate, irreparable harm to the business. About Collabow Inc. Collabow, Inc. is a Los Angeles, California-based women's apparel manufacturer and wholesale distributor. The company designs, manufactures and distributes women's fashion apparel through wholesale and e-commerce channels. Court filings indicate the business employs approximately 45 to 50 full-time workers and continues serving retailers and online customers. Collabow, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16986) on July 14, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Stella Havkin, Esq. COSAMIA LLC: Unsecured Creditors to Split $24K over 3 Years ----------------------------------------------------------- Cosamia LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Final Subchapter V Plan of Reorganization dated July 17, 2026. Cosamia LLC is a Florida limited liability company formed in 2023 that operates self-service laundromats, wash-dry-fold services, and laundry pickup and delivery services from leased locations in Broward and Miami-Dade counties. The company is managed by Derek Williams. Mr. Williams acquired a laundromat business in 2023 based on representations that it generated strong and sustainable revenue. After the acquisition, he determined that the revenues had been materially overstated and that the representations allegedly inflated the purchase price. Although the business continued operating with the same services, personnel, and operations, actual revenue declined by approximately 50% immediately after the acquisition. The resulting debt obligations, combined with increased operating expenses, exceeded the business's cash flow. Mr. Williams used revenue from other operating stores to cover the acquired location's obligations, but this was not sustainable. As a result, Cosamia filed for Chapter 11 bankruptcy to restructure its debts. Key Plan Provisions * Class 1 Ford Motor Credit Company, LLC -- Holds a secured claim backed by a first-priority lien on a 2019 Ford Transit. -- Ford will retain its lien and receive monthly principal and interest payments under the original prepetition loan terms. -- Any payment arrearage will be cured on the effective date or within three months thereafter. -- Upon full payment, the claim will be satisfied and any related liens or UCC filings will be released. * Class 2 Alliance Laundry Systems, LLC -- Holds an allowed secured claim of $400,000.00, secured by laundromat equipment at the Oakland Park location. -- Alliance will retain its lien and receive monthly principal and interest payments beginning 14 days after the effective date. -- The claim will be amortized over 84 months at an interest rate equal to 200 basis points above the Wall Street Journal Prime Rate. -- As long as the reorganized debtor complies with the plan, Alliance will not pursue its guarantee claim against Derek Williams and will release him from the guarantee after the claim is paid in full. -- Any remaining deficiency balance of $106,436.71 will be treated as a Class 4 general unsecured claim. -- Upon full payment, all related liens and UCC filings will be released. * Class 3 Servicycles, LLC -- Holds a secured claim backed by laundromat equipment at the Hialeah location. -- Servicycles will retain its lien and receive monthly principal and interest payments beginning 14 days after the effective date. -- The claim will be amortized over 72 months at 8.00% interest. -- Upon full payment, the claim will be satisfied and related liens and UCC filings will be released. * Class 4 General Unsecured Claims -- The debtor projects disposable income of $24,015.59. -- General unsecured creditors will share this amount on a pro rata basis. -- Payments will be made in 12 quarterly installments over three years: Plan Year 1 (Quarters 1–4): $2,001.29 per quarter. Plan Year 2 (Quarters 5–8): $2,001.29 per quarter. Plan Year 3 (Quarters 9–12): $2,001.29 per quarter. * Class 5 Equity Interests -- Existing equity holders will retain their ownership interests. -- Derek Williams will retain 100% ownership of Cosamia LLC. The plan provides that the debtor will continue operating its laundromat business in the ordinary course with restructured debt obligations. Income generated from ongoing operations will be used to fund plan payments, while cash on hand at confirmation will be used to pay administrative expenses. A full-text copy of the Plan of Reorganization dated July 17, 2026 is available at https://urlcurt.com/u?l=EwF6g6 from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.com About Cosamia LLC Cosamia, LLC operates self-service laundromats, wash-dry-fold services, and laundry pickup and delivery across Miami-Dade and Broward Counties, with centralized management in Orange County, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08239) on December 18, 2025. In the petition signed by Derek Williams, president/manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Lori V. Vaughan oversees the case. Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine LLP represents the Debtor as counsel. CPPIB OVM: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable ---------------------------------------------------------------- S&P Global Ratings affirmed its 'B+' issuer credit rating on CPPIB OVM Member U.S. LLC (CPPIB OVM), an affiliate of the Canada Pension Plan Investment Board (CPPIB) with 35% ownership interest in Ohio Valley Midstream LLC (OVM; not rated). S&P said, "At the same time, we affirmed our 'B+' issue-level rating and '3' recovery rating on CPPIB OVM's $850 million term loan B. The '3' recovery rating indicates our expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a payment default. "The stable outlook on CPPIB OVM reflects our expectation for growing distributions from investee OVM and excess cash flow sweeps to improve its financial metrics in 2026. We expect leverage between 4.00x-4.50x in 2026 and 4.00x-4.25x in 2027. "We assess CPPIB OVM lower than OVM to reflect the structurally weak credit profile of the investor company relative to its underlying investment." The 'B+' issuer credit rating on CPPIB OVM reflects the differentiated credit quality between CPPIB OVM and its investee, OVM. As a noncontrolling equity interest company with a 35% ownership stake in OVM, CPPIB OVM relies on distributions received from OVM to service its outstanding $850 million term loan B due in 2031 and has no other material operating assets. S&P said, "Our assessment of CPPIB OVM's credit profile incorporates its financial ratios, OVM's cash flow stability, and CPPIB OVM's ability to influence OVM's financial policy and liquidate its investments in OVM to repay the term loan. "We expect relatively stable distributions from OVM in the near term." OVM's cash flows are entirely fee-based, providing a high degree of stability, with no direct exposure to commodity price fluctuations. However, the company still takes on some volumetric risk, given that limited cash flow comes from minimum volume commitments (MVCs), while the remainder is based on acreage dedications. Its assets are primarily in the Marcellus and Utica shales, which have low break-even drilling costs compared with other regions. OVM serves a diverse customer base, including upstream producers in Appalachia such as EQT Corp., Antero Resources Corp., Expand Energy Corp., and EOG Resources, Inc. Over 90% of 2025 revenue was generated from investment-grade customers, and the remainder comprised speculative-grade or nonrated producers. The average remaining contract term is around six years. S&P said, "Despite the low proportion of MVCs, we see the fixed-fee contracts, historical reliability of The Williams Cos. Inc. as an operator, and favorable position of OVM's operations as enough to offset volumetric risk. As a result, we assess cash flow stability as neutral." S&P said, "We forecast gradual deleveraging despite incremental debt issuance. We expect leverage to improve over the forecast despite CPPIB OVM's additional $75 million term loan upsize in early 2026. The increase in debt is partially offset by a 25-basis-point reduction in the applicable interest margin, resulting in lower interest expense. We expect total distributions to CPPIB OVM of $170 million-$180 million in 2026, improving to $180 million-$190 million in 2027. "Barring additional upsizes, we forecast leverage will improve to below 4x during our forecast period, supported by annual mandatory amortization of 1% on the term loan B and an excess cash flow sweep mechanism. The term loan is subject to a 75.0% excess cash flow sweep, with the percentage reduced to 50.0% if leverage is less than or equal to 5.0x but greater than 4.50x, 25.0% if leverage is less than or equal to 4.5x but greater than 4.0x and 0% if leverage is less than or equal to 4.0x. Based on our projections, we anticipate a cash flow sweep in 2026 and expect long-term leverage to remain at or below 4.0x. "CPPIB OVM holds significant influence over OVM's governance, which is reflected in our positive assessment of CPPIB OVM's corporate governance and financial policy. Although CPPIB holds a 35% equity interest in OVM, it occupies three of the six board seats, with voting rights proportionate to its ownership. In addition, critical decisions require 75% supermajority approval, including the incurrence of material debt or equity, changes to distribution policy, budget modifications, capital contributions, major acquisitions and divestitures, bankruptcy filings, guarantees of material debt, and material capital expenditure. S&P said, "Our view of CPPIB OVM's ability to liquidate its investment in OVM is negative because OVM is not publicly traded. Separately, we assess financial ratios as neutral. "The stable outlook reflects our expectation that CPPIB OVM will receive growing distributions from OVM, offset by somewhat weakened credit metrics over the near term given its meaningful addition of debt. We expect CPPIB OVM to have an interest coverage ratio of 3.50x-3.75x in 2026 and 3.75x-4.00x in 2027. In addition, we expect leverage of about 4.00x-4.50x in 2026, improving to 4.00x-4.25x in 2027 due to the excess cash flow sweep provision. "We could consider a negative rating action if the company maintains leverage above 4.5x and interest coverage below 3.0x. This could occur if the investee, OVM, is more aggressive with growth projects than our current expectations, such that distributions to CPPIB OVM are less than anticipated, or if it changes its financial policy and issues significant debt. We could also consider a negative rating ration if CPPIB OVM undertakes a more aggressive financial policy by pursuing additional debt-funded distributions in the near term. "We could consider a positive rating action if the company pursues a more conservative financial policy, such that it maintains interest coverage of more than 4.0x and sustains leverage at or below 3.5x. We could also consider a positive rating action at CPPIB OVM if credit quality at OVM improves." CUMULUS RESTAURANTS: Gets Court Nod to Use Cash Collateral ---------------------------------------------------------- Cumulus Restaurants, LLC on July 30 received approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral. The Debtor intends to use its cash collateral consisting of food and beverage sales revenues and bank deposits, to fund average monthly operating expenses projected at $104,000. These funds will cover essential line items including rent, payroll, food inventory costs, insurance, taxes, and professional fees. The Debtor's primary secured liabilities consist of claims held by four lenders: OnDeck ($68,000, blanket asset lien), Funding Circle ($38,000, blanket asset lien), Forward Financing ($109,000, lien on accounts and receivables), and The Fundworks, LLC ($30,308, lien on accounts and receivables). Guarantor Henry Arayasirikul serves as a co-borrower or guarantor on three of these obligations. According to the Debtor's Schedule A/B, its total assets exceed $277,000, providing sufficient asset value to cover the general blanket liens of OnDeck and Funding Circle. A court hearing is scheduled for August 18. The order is available at http://bankrupt.com/misc/CumulusRestaurants_CCOrder022.pdf About Cumulus Restaurants LLC Cumulus Restaurants, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-17131-NB) on July 19, 2026. In the petition signed by Henry Arayasirikul, manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Neil W. Bason oversees the case. Jason E. Turner, Esq., at J. Turner Law Group, APC, represents the Debtor as legal counsel. CUSTOM PET: Gets Final OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Florida entered a final order authorizing Custom Pet LLC to use cash collateral. The final order authorized the Debtor to use cash collateral from the petition date onward to pay court-approved expenses, necessary operating expenses included in the final budget, and budget line items with a variance of up to 10% per month. Any expenditures beyond these limits require the written consent of the secured creditors or further approval from the Court. As adequate protection, the secured creditors were granted automatically perfected post-petition replacement liens on property acquired or generated after the petition date, with the same extent, priority, and nature as their prepetition liens. These replacement liens are subordinate to statutory bankruptcy fees, court costs, and Court-approved professional fees, including fees for the Debtor's counsel and the Subchapter V Trustee. The final order also required the Debtor to pay $1,000 per month to cover the Subchapter V Trustee's fees and to file and serve the approved final budget on all interested parties. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/JRxyt from PacerMonitor.com. About Custom Pet LLC Custom Pet manufactures and supplies natural dog treats, including private-label, bulk and product-development offerings for pet-product distributors and brands. The Florida-based company's products include bully sticks, bones, rawhide, freeze-dried treats, collagen, chicken, pork and other beef-based pet snacks. CUSTOM PET, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Florida Case No. 26-17431-CLC) on June 6, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Corali Lopez-Castro oversees the case. Paragon Law, LLC is Debtor's legal counsel. D 5030 WESTMINSTER: Hires Lindauer & Vaughn as Litigation Counsel ----------------------------------------------------------------- D 5030 Westminster, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Lindauer & Vaughn as special counsel. The firm will handle litigation matters and contested claims of the Debtor. The firm's counsel and staff will be paid as follows: Partners $625 Associate $425 Paralegals/Legal Assistants $125 - $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $10,000 from the Debtor. Joyce Lindauer, Esq., an attorney at Lindauer & Vaughn, 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: Joyce W. Lindauer, Esq. Lindauer & Vaughn 117 South Dallas Street Ennis, TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 About D 5030 Westminster LLC D 5030 Westminster, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42143) on June 22, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Judge Brenda T. Rhoades oversees the case. The Debtor tapped Frances A. Smith, Esq., at Offit Kurman as bankruptcy counsel and Joyce W. Lindauer, Esq., at Lindauer & Vaughn as special counsel. DCA OUTDOOR: Seeks Approval to Tap AFIS as Forensic IT Investigator ------------------------------------------------------------------- DCA Outdoor, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Western District of Missouri to employ Advanced Forensic Investigative Solutions, LLC (AFIS) as forensic IT investigator. The firm will render these services: (a) Forensic Data Collection of DCA Outdoor Microsoft 365 Environment; (b) Forensic Data Analysis and Extractions; and (c) Consulting and Expert Witness Services. The firm will be paid at these hourly rates: Eric Mazur, Forensic Agent $550 All Other Staff $400 In addition, the firm will seek reimbursement for expenses incurred. Mr. Mazur 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 V. Mazur Advanced Forensic Investigative Solutions, LLC 950 N. Collier Blvd., Suite 400 Marco Island, FL 34145 Email: emazur@afisconsulting.com About DCA Outdoor Inc. DCA Outdoor Inc. established in 2016, is a vertically integrated green industry organization headquartered in Kansas City, Missouri. The Company connects various sectors -- including agricultural production, landscape distribution, retail, agritourism, and transportation -- through its family of brands. The DCA Outdoor family comprises several brands including Schwope Brothers Tree Farms, Utopian Plants, RIO, Anna Evergreen, Brehob Nurseries, KAT Landscape, Colonial Gardens, PlantRight, PlantRight Supply, and Utopian Transport. DCA Outdoor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-50053) on Feb. 20, 2025. In its petition, the Debtor estimated assets up to $50,000 and estimated liabilities between $50 million and $100 million. Bankruptcy Judge Cynthia A. Norton handles the case. The Debtor tapped Larry E. Parres, at Lewis Rice LLC as counsel, and Creative Planning, LLC and its affiliate BerganKDV as audit and tax professionals. DOC'S DIVINE: Linda Gore Named Subchapter V Trustee --------------------------------------------------- J. Thomas Corbett, the U.S. Bankruptcy Administrator for the Northern District of Alabama, appointed Linda Gore as Subchapter V trustee for Doc's Divine Properties LLC. The Subchapter V trustee can be reached at: Linda B. Gore P.O. Box 1338 Gadsden, AL 35902 Telephone No. 256-546-9262 Email: linda@ch13gadsden.com About Doc's Divine Properties LLC Doc's Divine Properties LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-81630) on July 22, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Clifton R. Jessup Jr. presides over the case. Kevin D. Heard, Esq. at Heard, Ary & Dauro, LLC represents the Debtor as legal counsel. DOHENY SUNSET: Seeks Cash Collateral Access ------------------------------------------- Doheny Sunset LLC asks the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, for authority to use cash collateral and provide adequate protection. The Debtor also seeks approval of its property management agreement and cash management system and pay insider compensation. The Debtor initiated Chapter 11 bankruptcy to stay a foreclosure sale initiated by senior lender PMF CA REIT, L.L.C., which along with BPCP Investment Holdings, LP, holds encumbrances totaling roughly $12.9 million against the property. To maintain operations, the Debtor requests permission to use rental income generated from the property's tenants—averaging $68,000 per month—to cover operating expenses of approximately $30,000 per month through November 30. The property yields a positive net monthly cash flow exceeding $38,000, which the Debtor argues adequately protects the secured creditors by preserving property value and maintaining a substantial equity cushion. To further protect the lenders' interests, the Debtor proposes granting replacement liens on post-petition rents equivalent to their pre-petition security interests, while also accounting for approximately $39,000 in ordinary operating expenses that were paid shortly after filing before current bankruptcy counsel, ShemanoLaw, was engaged. The two-account cash management system and property management agreement with Kennedy-Wilson Properties, Ltd., collects rents and manages expenses for a monthly fee of $6,240. Under this agreement, operational expenses are handled through a primary operating account, and surplus revenues are transferred to a reserve account managed by Ross Kemper. In accordance with local rules governing insider transactions, the Debtor also seeks authorization to compensate Ross Kemper $10,000 per month from operational surpluses for his continuous role in supervising the Debtor's business operations and property management. A hearing on the matter is set for August 11, at 10 a.m. A copy of the motion is available at https://urlcurt.com/u?l=FzXba4 from PacerMonitor.com. About Doheny Sunset LLC Doheny Sunset LLC is a real estate holding and investment company involved in the ownership, development, leasing, and management of real estate assets. Doheny Sunset sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15558) on June 3, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Sheri Bluebond handles the case. The Debtor is represented by Philip W. Boesch Jr., Esq. of The Boesch Law Group. DR JAMIE: Seeks Cash Collateral Access -------------------------------------- Dr. Jamie Totten, DVM, LLC, doing business as Healing Paws Veterinary Center of Teays Valley, asks the U.S. Bankruptcy Court for the Southern District of West Virginia for authority to use cash collateral and provide adequate protection. The Debtor had become delinquent on a commercial loan with Bank of America, which carries an outstanding balance of approximately $693,000. This obligation is secured by liens on the business's equipment, accounts receivable, and inventory. To continue operating its veterinary business, the Debtor contends that it must utilize its equipment and inventory, as well as the cash collateral generated from customer revenue and accounts receivable. The Debtor proposes providing Bank of America with adequate protection in the form of a post-petition replacement lien covering all post-petition accounts receivable, inventory, and related collateral. In support of its request, the Debtor submitted an operational budget detailing the funds required to cover routine operating expenses, including payroll, payroll taxes, insurance, utility payments, supply purchases, and other necessary costs. Additionally, the Debtor specifies that any compensation paid to its owner will be strictly restricted to the amount previously approved by the Court, and no non-ordinary operating expenses will be paid without the prior consent of the secured creditor. A copy of the motion is available at https://urlcurt.com/u?l=bCGL5t from PacerMonitor.com. About Dr. Jamie Totten, DVM, LLC Dr. Jamie Totten, DVM, LLC, doing business as Healing Paws Veterinary Center of Teays Valley, operates a veterinary clinic in Putnam County, West Virginia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. W.V. Case No. 2:26-bk-20140) on June 3, 2026. In the petition signed by Jamie M. Totten, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge B. Mckay Mignault oversees the case. Joseph W. Caldwell, Esq., at Caldwell and Riffee, represents the Debtor as legal counsel. DRESSER UTILITY:S&P Assigns 'B-' ICR on Resilient Business Profile ------------------------------------------------------------------ S&P Global Ratings assigned its 'B-' issuer credit rating and 'B-' issue-level rating (recovery rating: '3') to Dresser Utility Solutions LLC's proposed senior secured first-lien revolver, term loan B (TLB), and delayed draw TLB. S&P said, "The stable outlook reflects the company's resilient business profile and our expectation that S&P Global Ratings-adjusted leverage will initially be elevated to about 8x through 2026, gradually improving to 6.5x by 2027. We also anticipate free operating cash flow (FOCF) will improve and remain positive." Dresser Utility Solutions manufactures critical infrastructure technology products for gas utility, industrial, and water end markets. In July 2026, Blackstone announced it would acquire Dresser Utility. The proposed capital structure consists of a $75 million revolving credit facility (RCF), $485 million senior secured first-lien term loan B (TLB), and $80 million of a delayed draw TLB due 2033. S&P expects the delayed draw TLB will be used to fund a bolt-on acquisition later this year. The company benefits from a stable and predictable business model. Its recurring revenue from mission-critical products, industry certifications, and long-standing customer relationships create high barriers to entry and significant switching costs, reinforcing business stability. Dresser Utility also maintains a leading market position in commercial and industrial rotary meters, as well as residential and light commercial and industrial (C&I) pressure regulators. The acquisition will boost Dresser Utility's customer base and product diversity, expanding Dresser's measurement and instrumentation portfolio with advanced gas measurement technologies such as ultrasonic gas meters, turbine meters, flow computers, electronic volume correctors, and gas quality measurement systems. This strengthens Dresser's competitive position and technology offering in gas measurement markets, while enhancing its European presence and broadening its international customer base. The transaction also creates cross-selling opportunities through Dresser's established relationships with major utility customers. Financially, the acquisition should support future margin expansion through synergies, procurement efficiencies, operating leverage, and a greater mix of higher-value technology-driven products. Replacement revenue and secular tailwinds are driving organic growth. Dresser Utility's global installed base of over 23 million components underpins a robust and highly predictable revenue mix, with replacement activities accounting for a large portion of total sales. This recurring demand provides exceptional revenue visibility and stability, reducing reliance on new equipment sales or discretionary capital spending cycles. Over the next 12-18 months, total revenue is projected to grow low- to high-teens percent as Dresser Utility closes the acquisition in the second half of 2026. Organic growth should remain high- to mid-single-digit percent due to nondiscretionary utility maintenance, gas infrastructure modernization, and the accelerating adoption of digital instrumentation and subscription-based software. The company is well-positioned to benefit from positive secular trends, including the expansion of data center and AI-driven power demand, accelerating electrification, and regulatory-mandated replacement of aging gas and water infrastructure. Dresser Utility also has a solid backlog, which equates to approximately three to four months of sales conversion. S&P Global Ratings-adjusted EBITDA margin should increase 80-90 basis points (bps) in 2026 to 2027, compared with 16.6% in 2025, which is broadly consistent within the higher end of the average range for the capital goods sector. S&P said, "Furthermore, we expect it to modestly improve over our forecast horizon. We expect near-term profitability to have support from ongoing procurement savings, favorable sales mix, and operational efficiencies." Over the past three years, the company has demonstrated steady incremental improvement in its margin profile and is progressing gradually toward EBITDA margin of 22% by 2031. The company's business model exhibits resilience to global macroeconomic volatility, with certain products displaying some price inelasticity. While Dresser Utility has minimal exposure to tariffs, it has experienced challenges related to labor shortages, site-access constraints, material shortages, and supply-chain disruptions. However, S&P believes the inclusion of a price-reopener clause in customer contracts mitigates some risk, enabling the company to preserve profitability during periods of heightened market stress. S&P said, "We forecast S&P Global Ratings-adjusted FOCF will improve in 2026 and 2027. We believe S&P Global Ratings-adjusted EBITDA will drive its adjusted FOCF in the near term as working capital requirements, capital expenditure (capex), and interest expense remain stable or increase only modestly. The company operates a capex-light business model, with growth capex slightly higher than maintenance capex in 2026; however, we expect this to reverse from 2027 onwards." The highly leveraged financial risk profile reflects its financial-sponsor ownership. Dresser Utility is currently owned by First Reserve and will transition to Blackstone soon. S&P said, "We estimate S&P Global Ratings-adjusted leverage will initially be close to 8x, reflecting the new capital structure and higher adjusted debt levels. However, we expect leverage to decline to around 6.5x by 2027, supported by incremental EBITDA contributions from the acquisition and ongoing organic EBITDA growth." Dresser Utility has small scale, decent competitive advantages, and concentration across end markets, geographies, customers, and suppliers. In terms of scale, Dresser Utility is among the smallest 10 companies in the capital goods universe. Furthermore, Dresser Utility's track record of mid-single digit percentage revenue growth is lower than some high growth companies in the rating category and believe it is incorporated somewhat in its competitive advantage. Additionally, in the last five years the company has added a decent level of EBITDA through acquisitions, which complements its organic business operations and supports a healthy level of overall growth. Finally, the company has higher end-market and geographic concentration, with most sales derived from natural gas utilities and 75% of its installed base in North America. Its customer concentration remains moderate, with the top 10 customers accounting for 27% of sales. Supplier concentration is also moderate, with 44% of total spending directed towards the top 10 suppliers. These risks increase vulnerability to sector-specific disruptions to some extent, although the predictable, recurring nature of Dresser Utility's revenue mitigates some risk. The stable outlook reflects S&P's view that the company's favorable operating trends will continue over the next few years and S&P Global Ratings adjusted debt to EBITDA will decrease toward 6x in 2027 and beyond. S&P could lower its rating if: -- S&P Global Ratings-adjusted debt leverage remains elevated toward 10x with no clear prospects of recovery. This could occur if its operating performance unexpectedly deteriorates, or it adopts a more aggressive financial policy that includes large debt-funded acquisitions or sizeable shareholder distributions; or -- The company generates negative FOCF. While unlikely over the next 12 months, S&P could raise its rating if the company: -- Improves debt to EBITDA; -- Sustains S&P Global Ratings-adjusted debt to EBITDA below 6.5x; and -- Consistently generates positive FOCF. EDMUNDSON INC: Court OKs Deal to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado approved a stipulation extending Edmundson, Inc. and Edmundson Land, LLC's authority to use cash collateral through October 31. The Debtors, the official committee of unsecured creditors and the principal secured lenders, American AgCredit, FLCA and American AgCredit, PCA, signed the stipulation after the original operating budget expired on June 30. Prior to the bankruptcy filings, the Debtors entered into multiple loan agreements with AAC, which also financed affiliated entities Rio Verde Holdings, LLC and Green River, LLC. Those affiliated loans are guaranteed by both debtors and by principals Matt Edmundson and Angela Edmundson, and are cross-collateralized and cross-defaulted under the governing loan documents. AAC maintains that it holds first-priority perfected security interests in substantially all of the debtors' assets, including cash, inventory, and accounts receivable. Although the Debtors do not dispute AAC's assertions, the creditors' committee expressly reserves its right to challenge the validity, priority, or extent of AAC's liens and other cash collateral creditors' security interests at a later stage of the bankruptcy proceedings. The court had previously entered an amended final cash collateral order on April 30, 2026, authorizing the Debtors' use of cash collateral through June 30 under an approved operating budget. That order contemplated the possibility of extending the budget beyond June 30, provided AAC consented and the committee had an opportunity to object. The Debtors filed a proposed extension budget on June 15 covering the period from July through December, but both AAC and the committee objected for separate reasons. Following a hearing on June 30, the court authorized only a limited extension permitting $35,000 of cash collateral use through July 15 and scheduled an additional hearing to resolve the remaining issues. The present stipulation reflects a negotiated resolution among the Debtors, AAC, and the committee. Under the agreement, the Debtors may use cash collateral pursuant to a revised operating budget covering the period from July 1 through October 31. The stipulation incorporates the protections and requirements contained in the prior amended final order while modifying certain provisions. Most notably, Arbor Valley Nursery agrees to make monthly adequate protection payments of $69,000 to AAC, payable by the 15th day of each month during the budget extension period. A central component of the stipulation is the establishment of a structured sale process intended to maximize the value of the Debtors' assets. The agreement requires the Debtors to meet a series of strict milestones. By August 1, the Debtors must file a motion seeking authority to retain a broker to evaluate and market the businesses and assets for sale, with court approval requested by August 14. By September 11, the Debtors must file motions seeking approval of bidding procedures and authority to sell the businesses or substantially all assets under 11 U.S.C. Section 363. Those bidding procedures must preserve AAC's statutory right to credit bid its secured claim. Court approval of the bidding procedures and sale process must be obtained by September 25. If qualified bids are received, an auction must be conducted by October 15, with the successful bidder identified to the court by October 16. The bankruptcy court must enter a sale approval order by October 23, and the closing of the sale must occur no later than October 30, subject to terms acceptable to AAC. The stipulation further provides that failure by the Debtors to satisfy any of these deadlines constitutes an event of default under the existing cash collateral order, although AAC and the Debtors agree to negotiate in good faith regarding any requested extensions. The agreement also imposes limitations on insider compensation. During the budget extension period, Matt Edmundson and Tim Beall may not receive salaries or compensation exceeding the levels in effect on the bankruptcy petition date, except as previously authorized under the existing cash collateral order. Likewise, no family member of Mr. Edmundson, Mr. Beall, or any other insider may receive salary increases above the amounts they were earning on July 1. At the same time, the committee preserves its right to challenge any additional compensation, benefits, stipends, reimbursements, or other payments made to insiders that were not clearly disclosed in the original budget. The stipulation also addresses payment of professional fees. If the monthly budgeted amount for legal or professional fees exceeds the fees actually approved by the court during a given month, the unused portion may be applied to previously approved but unpaid fees for the same professionals. In addition, the Debtors agree to promptly pay the committee's outstanding professional fees for May 2026 within five days after entry of the order approving the stipulation and to continue paying June 2026 fees pursuant to the existing interim compensation procedures. Finally, the parties preserve important bankruptcy rights relating to any future asset sale. The stipulation expressly restores all rights to seek a surcharge against secured collateral under 11 U.S.C Section 506(c) for expenses incurred during the sale process. Any proceeds from the eventual sale of the Debtors' assets may only be distributed pursuant to a subsequent court order or a confirmed Chapter 11 plan. Sale-related expenses not already included in the revised operating budget must be funded either through a further amendment to the cash collateral budget or from the sale proceeds themselves. A copy of the stipulation is available at https://urlcurt.com/u?l=PdyPTk from PacerMonitor.com. About Edmundson Inc. Edmundson, Inc. is a Colorado-based corporation engaged in nursery and garden center retail and wholesale operations, offering plants, landscaping supplies, and related products. The Company operates nursery facilities in Brighton, which serves as its headquarters, as well as Fort Collins and Franktown, serving residential and commercial customers throughout Colorado. Edmundson, Inc. and Edmundson Land LLC filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case Nos. 26-10019 & 26-10021, respectively) on January 2, 2026, listing $10 million to $50 million in both assets and liabilities. The petitions were signed by Matthew Edmundson as CEO and member. J. Brian Fletcher, Esq., at Onsager Fletcher Johnson Palmer, LLC, serves as the Debtor's counsel. ELEASE DAYCARE: Seeks to Tap Henkels & Baker as Bankruptcy Counsel ------------------------------------------------------------------ Elease Daycare, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Iowa to employ Henkels & Baker, PC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) prepare the necessary schedules and plan; and (c) perform any and all other legal services for the Debtor which may be necessary herein. The firm will be paid at these hourly rates: Dustin Baker, Attorney $300 Jason Van Hemert, Attorney $250 Paralegal Staff $180 In addition, the firm will seek reimbursement for expenses incurred. Mr. Baker 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: Dustin A. Baker, Esq. Henkels & Baker, PC 40 Main Street, Suite 100, Dubuque IO 52001 About Elease Daycare LLC Elease Daycare, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Iowa Case No. 26-00640) on July 6, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Dustin Abraham Baker, Esq., at Henkels & Baker, PC represents the Debtor as counsel. ELLIOTT & SON: Court Extends Cash Collateral Access to Aug. 21 -------------------------------------------------------------- Elliott & Son Excavating, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Tennessee to use cash collateral to fund operations. The court entered an agreed order authorizing the Debtor to use cash collateral consisting of monthly revenues to fund its operating expenses. The interim authorization remains effective through August 21, unless otherwise modified by the court. Under the interim order, the Debtor is required to timely deposit all payroll and employment taxes, fully fund payroll obligations, file all post-petition tax returns, and submit monthly operating reports in compliance with the Bankruptcy Code and local court rules. The Debtor must also maintain adequate insurance on all estate property, naming the U.S. Trustee as a certificate holder. The court further authorized the use of cash collateral to pay professional fees and expenses, provided all post-petition obligations under the order are satisfied. The order preserves the enforcement rights of the U.S. Trustee, who may seek dismissal or conversion of the Chapter 11 case if the Debtor fails to comply with its obligations. A continued hearing on the Debtor's use of cash collateral is scheduled for August 20, at 10:00 a.m., A copy of the court's order and the Debtor's budget is available at https://short.do/sv3DJ3 from PacerMonitor.com. About Elliott & Son Excavating LLC Elliott & Son Excavating, LLC is an excavation and site preparation contractor. Elliott & Son Excavating sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-31028) on May 22, 2026, with up to $1 million in assets and up to $10 million in liabilities. Sheryl Elliot, sole member and company owner, signed the petition. Judge Suzanne H. Bauknight oversees the case. Kelli D. Holmes, Esq., at Tarpy, Cox, Fleishman & Leveille, PLLC, represents the Debtor as legal counsel. EMPIRE FACILITY: Updates Restructuring Plan Disclosures ------------------------------------------------------- Empire Facility Management LLC d/b/a Empire Facility Management and d/b/a Empire Facility submitted a First Amended Plan of Reorganization under Subchapter V dated July 17, 2026. The debtor is a New York limited liability company incorporated on November 15, 2023, with its principal place of business in Watertown, New York. The Debtor filed for bankruptcy to reduce the burden of weekly and biweekly loan payments, address disputed creditor claims, and stabilize its business. Its objective is to return to profitability and generate enough income to provide a substantial, and potentially 100%, repayment to creditors. To support the proposed reorganization plan, the debtor prepared three years of cash flow projections (Exhibit B), showing sufficient projected disposable income to fund plan payments while continuing business operations. The plan relies on income generated from ongoing operations rather than liquidation. Key provisions of the plan include: * Priority claims will be paid in full as required by the Bankruptcy Code. * General unsecured creditors will receive quarterly distributions from projected disposable income during 2027, 2028, and 2029, over a three-year period from the plan's effective date. The debtor estimates these creditors may receive up to 100% of their allowed claims, although the final recovery depends on the total amount of allowed claims, recoveries from avoidance actions, and possible post-confirmation costs. * Equity interests will be retained. The plan classifies claims as follows: * Class 1 – Allowed Secured Claims (WSB): WSB will retain its liens, and the debtor will continue making regular contractual monthly payments totaling $1,059.71. * Class 2 – Disputed Claims (Byzfunder NY LLC, DMKA LLC d/b/a The Smarter Merchant, and Lifetime Funding LLC): The debtor reserves the right to challenge these claims under specified sections of the Bankruptcy Code. If they are allowed as general unsecured claims, they will be paid up to 100% from the debtor's disposable income over three years. * Class 3 – Allowed General Unsecured Claims: These claims will also be paid up to 100% from disposable income over three years and are classified as unimpaired. On the effective date, the debtor will use funds in its debtor-in-possession bank account to pay allowed priority tax claims and administrative expense claims, including the administrative tax liability owed to the New York State Department of Taxation and Finance. The debtor intends to continue operating its business throughout the plan period. If the plan is confirmed, the reorganized debtor will serve as the Disbursing Agent responsible for making post confirmation payments, including in the event of confirmation through a court-approved cramdown unless the court orders otherwise. A full-text copy of the First Amended Plan dated July 17, 2026 is available at https://urlcurt.com/u?l=VelA9j from PacerMonitor.com at no charge. Counsel to the Debtor: Jeb Singer, Esq. J. Singer Law Group, PLLC 1 Liberty Plaza, 23rd Floor New York, NY 10006 Telephone: (917) 806-5832 Email: jsinger@jsingerlawgroup.com About Empire Facility Management Empire Facility Management, LLC operates a full-service commercial cleaning and facility management business providing janitorial, landscaping, snow removal, handyman, and related services. Empire sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-30137) on Feb. 27, 2026, with between $100,001 and $500,000 in both assets and liabilities. Empire President Noah Hodge signed the petition. Jeb Singer, Esq., at J. Singer Law Group, PLLC, is the Debtor's legal counsel. ENGLEWOOD CAR: Affiliate to Sell Sarasota Property to 710 Tamiami ----------------------------------------------------------------- Venice Car Wash, Limited Liability Company, a Florida limited liability company, also known of record as Venice Car Wash, LLC and as Venice Car Wash & Detail Center, Limited Liability Company, seek approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of certain commercial real property and improvements located at 700 Tamiami Trail South, Venice, Sarasota County, Florida 34285. The Debtor wishes to sell the Property to 710 Tamiami LLC, a Minnesota limited liability company. The Debtor, as seller, and the Purchaser have executed the Agreement. The Agreement provides for an all-cash sale of the Property for a total purchase price of $351,000.00, consisting of an earnest money deposit of $35,000.00 held by Fidelity National Title Insurance Company, as escrow agent, and the balance of $316,000.00, plus or minus prorations and adjustments, payable at closing in immediately available funds. The Property to be sold includes equipment, machinery, and other personal property used in the operation of the car wash business located in the premises. The sale is to be made on an "AS-IS, WHERE-IS" basis, without representations or warranties except as expressly set forth in the Agreement, and free and clear of all liens, claims, encumbrances, and interests, with any such liens, claims, encumbrances, and interests to attach to the proceeds of sale with the same validity, priority, and extent as existed immediately prior to closing. The lienholders of the Property are Fidelity National Title Insurance Company, Ad Valorem Taxes and Tax Sale Certificates, Green Prairies Senior Mortgage and Related Instruments, G&G Funding Judgment, and U.S. Small Business Administration. The Debtor believes that the Purchase Price represents the fair market value of the Property under current market conditions and is fair and reasonable. The Debtor reserves the right to consider and accept any higher or better offer for the Property received prior to or at any hearing on the Motion, subject to such overbid procedures as the Court may direct, and to sell the Property to the party submitting the highest or best offer as determined by the Debtor, subject to Court approval. About Englewood Car Wash Inc. Englewood Car Wash, Inc. and affiliate, Venice Car Wash, Limited Liability Company, filed petitions under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-04741) on June 2, 2026. At the time of the filing, the Debtors reported up to $50,000 in both assets and liabilities. Judge Roberta A. Colton oversees the cases. Richard John Cole, III, Esq., at Cole & Cole Law, P.A. represents the Debtors as legal counsel. Michael Markham, Esq., serves as Subchapter V trustee for the Debtors. ETERNO RESORT: Seeks Chapter 11 Bankruptcy in Nevada ---------------------------------------------------- On July 24, 2026, Eterno Resort SPE, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Nevada. According to court filings, the debtor reports estimated liabilities of $10 million to $50 million and assets of $50 million to $100 million. The petition indicates that funds will be available for distribution to unsecured creditors. Deadline to file the Chapter 11 plan is November 23, 2026. About Eterno Resort SPE, LLC Eterno Resort SPE, LLC is a Las Vegas, Nevada-based real estate development company established to develop a planned high-rise luxury condominium-hotel project in Las Vegas. The company focuses on upscale mixed-use hospitality and residential real estate development. Eterno Resort SPE, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14670) on July 24, 2026. In its petition, the debtor reported estimated assets of $50 million to $100 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Natalie M. Cox is overseeing the case. The debtor is represented by Ryan A. Andersen, Esq. and Tali Frey, Esq. of Andersen Beede Weisenmiller. EXIT ZERO: Gets Interim OK to Use Cash Collateral ------------------------------------------------- Exit Zero Publishing, Inc. on July 30 received interim approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through the final hearing to fund its operations based on a court-approved budget. The Debtor is not allowed to deviate from the budget by more than 15% in the aggregate without further court order. The U.S. Small Business Administration, a secured creditor, will be granted adequate protection through a replacement lien on all post-petition receivables and other assets of the Debtor, with the same validity, priority and extent as their pre-petition liens. The SBA holds the primary senior secured position against the Debtor, having filed a UCC-1 financing statement on October 18, 2020, covering substantially all personal property, deposit accounts, and accounts receivable. While secondary lenders including 1st Colonial Bank, CHTD Company, and Corporation Service Company also assert security interests, the Debtor's total secured debt exceeds the estimated $71,232 liquidation value of its collateral, rendering these junior creditors effectively unsecured and leaving no equity cushion. The order is available at http://bankrupt.com/misc/ExitZeroPublishing_CCOrder22.pdf A final hearing on the Motion shall be held on August 13, with objections due by August 6. About Exit Zero Publishing Inc. Exit Zero Publishing, Inc. operates with two employees and a rent-free occupancy arrangement, focusing exclusively on its core publishing, advertising, and online retail operations—primarily publishing its weekly newspaper in Cape May. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-18235) on July 20, 2026. In the petition signed by Jack Wright, owner, the Debtor disclosed up to $100,000 in assets and up to $10 million in liabilities. Ellen M. McDowell, Esq., at McDowell Law, PC, represents the Debtor as legal counsel. EXIT ZERO: Nicole Nigrelli Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Nicole Nigrelli, Esq., at Ciardi, Ciardi & Astin as Subchapter V trustee for Exit Zero Publishing, Inc. Ms. Nigrelli will be paid an hourly fee of $475 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Nigrelli declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nicole M. Nigrelli, Esq. Ciardi, Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 Phone: (215) 557-3550 ext. 115 Email: nnigrelli@ciardilaw.com About Exit Zero Publishing Inc. Exit Zero Publishing, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-18235) on July 20, 2026, with $50,001 to $100,000 in assets and $1,000,001 to $10 million in liabilities. Ellen M. McDowell, Esq., at Mcdowell Law, PC represents the Debtor as legal counsel. EXTREME PROFITS: Amends Unsecured Claims Pay Details ---------------------------------------------------- Extreme Profits, Inc., a Florida corporation, d/b/a X-Stream Power submitted a Second Amendment to Plan of Reorganization for Small Business dated July 17, 2026. The plan proposes to pay creditors from the future operations of the debtor and its affiliate, Millennium, whose assets and operations will be combined into a new Florida corporation, Extreme Enterprises Key West, Inc. (EEKW). The plan provides for: * Full payment of priority claims. * Full payment of five classes of secured claims. * Possible payments over five years to one class of general unsecured creditors. * No recovery for equity holders. The debtor estimates: * It may take three years or more to pay priority and secured claims. * General unsecured creditors are not expected to receive payments until year four at the earliest. * If unsecured claims total approximately $800,000 and projected income is achieved, unsecured creditors could receive about $100,000, or approximately 12.5% of their claims. However, recoveries could be lower, including zero, or higher depending on future operating results. The maximum estimated amount of general unsecured claims is approximately $800,000, although the final amount may be lower after the court resolves litigation involving merchant cash advance (MCA) creditors. Class 6 general unsecured creditors include American Express National Bank, Wells Fargo Bank, Legend Advance Funding II, MNR Capital Group, ODK Capital, Orange Advance, Palm Beach Funding, and Bill Me Later/PayPal. An adversary proceeding seeks: * A determination of the extent, validity, priority, and allowed amounts of the merchant cash advance creditors' claims. * Recovery of payments made to those creditors within 90 days before the bankruptcy filing or payments alleged to be fraudulent transfers or usurious arrangements. Class 6 creditors are impaired and entitled to vote on the plan. They may receive no distribution if the case is converted to Chapter 7 or dismissed, and there is no assurance they will receive any payment under the plan. If payments are made, they will be distributed pro rata without interest after priority claims and Class 5 secured claims have been paid in full. Lubos Scepka, the sole owner of both the debtor and the successor entity, will retain his ownership interests. He has waived his priority and unsecured claims, making his class unimpaired and not entitled to vote. His salary is listed as $5,500 every two weeks. Funding for the plan will come from the combined future operations of the debtor and Millennium. Based on their 2025 operating results, the combined business is projected to generate approximately $57,000 in annual net profit, which would be used to pay creditors. All of the debtor's assets and operations will be transferred to EEKW, which was formed on March 20, 2025, in exchange for a promissory note payable to the debtor for the value of the transferred assets. The note will be reduced by the amounts EEKW pays to the debtor's creditors. After the promissory note is satisfied, EEKW will continue to pay the debtor's creditors from its net operating profits for 60 months after confirmation, or for a shorter period if all creditors are paid in full. The debtor will collect its outstanding accounts receivable and transfer those funds to EEKW. After confirmation, the debtor will not accept new business, will not file its 2026 annual report, and is expected to be dissolved by the Secretary of State in September 2026. A full-text copy of the Second Amended Plan dated July 17, 2026 is available at https://urlcurt.com/u?l=votnmX from PacerMonitor.com at no charge. Counsel to the Debtor: Kevin C. Gleason, Esq. FLORIDA BANKRUPTCY GROUP, LLC 4121 N. 31st Ave. Hollywood, FL 33021-2011 Tel: (954) 893-7670 Fax: (954) 252-2540 Email: BankruptcyLawyer@aol.com Email: KGPAECMF@aol.com About Extreme Profits, Inc. d/b/a X-Stream Power Washing Extreme Profits Inc., operating as X-Stream Power Washing and Cleaning Services, is a pressure washing and cleaning company based in Key West, Florida. Extreme Profits Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-15709) on May 21, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtors are represented by Kevin C Gleason, Esq. FIRST STEP: Gets Court Nod to Use Cash Collateral ------------------------------------------------- First Step USA, Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use the cash collateral of Fora Financial Business Loans, LLC to the extent it exists. Headquartered in Lake Zurich, Illinois, the Debtor operates as a buyer and seller of heating, ventilation, and air conditioning parts and equipment, employing approximately three individuals. Prior to the petition date, on April 16, the Debtor executed a Business Loan and Security Agreement with Fora Financial Business Loans, LLC for an original principal credit facility of $175,000. As of the petition date, the total outstanding balance owed to Fora is approximately $189,593. Although the underlying loan documentation purports to grant Fora a blanket security interest on substantially all of the Debtor's assets (including accounts receivable), a search of the Illinois Secretary of State's records revealed no UCC-1 financing statement on file for Fora. Because Fora failed to properly record a financing statement, its security interest is unperfected and will be subject to avoidance during the bankruptcy case. Consequently, Fora is not legally entitled to adequate protection payments or replacement liens for the Debtor's use of cash collateral. To support its request, the Debtor submitted a projected cash flow budget covering the period from July 2 through August 31, with $67,350 expected in August and $35,139 in July, totaling $102,489 in gross sales revenue. About First Step USA Inc. First Step USA, Inc. is a Lake Zurich, Illinois-based wholesaler of heating, ventilation, and air conditioning (HVAC) equipment operating under the Beenimax brand. It distributes HVACR products, including sensors, valves, and motors, serving professional contractors from its Lake Zurich facility. First Step USA filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-11092) on July 2, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $100,000 to $500,000. The Debtor is represented by David P. Leibowitz, Esq., at the Law Offices of David P. Leibowitz, LLC. Robert Handler of Commercial Recovery Associates, LLC serves as Subchapter V trustee for the Debtor. FOCUS UTILITY: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------- Focus Utility Services, LLC asks the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, for authority to use cash collateral and provide adequate protection. The Debtor previously filed a Chapter 11 case in December 2025 that was voluntarily dismissed in May 2026; following that dismissal, resumed collection and enforcement activities severely impaired its access to operating funds and working capital, prompting this emergency refiling to stabilize operations and preserve going-concern value. The Debtor's potential cash collateral interest holders include Commercial Credit Group Inc., which may assert a blanket security interest in cash, accounts receivable, and deposit accounts, and Elite Equipment Rental, LLC, which may assert a judicial-lien interest arising from prepetition garnishment proceedings. Additional equipment lenders—including Trans Lease, Inc., Zions Bancorporation, N.A., UMB Bank, N.A., Bank of the West, Yellowstone Bank, and Daimler Truck Financial Services USA LLC—are noted as potentially holding interests in specific vehicles or identifiable proceeds. The Debtor reserves all rights to challenge the validity, scope, and priority of any asserted liens. To maintain operations, retain employees, and service clients, the Debtor requests authority to use cash collateral in accordance with a post-petition 13-week cash-flow budget spanning July 19 through October 11, 2026. The budget projects $323,505 in total revenue (including $35,000 from a Travelers flood damage insurance claim), $124,950 in direct operating expenses, and $45,372 in general and administrative expenses. The Debtor requests a permitted variance allowing it to exceed individual line items by up to 10%, provided total aggregate disbursements do not exceed the overall budget by more than 10%. As adequate protection under 11 U.S.C. section 363(e), the Debtor proposes granting post-petition replacement liens to valid prepetition lienholders to the extent of any collateral value diminution, while providing weekly budget-to-actual reporting, maintaining insurance, and maintaining DIP accounts. A court hearing is scheduled for August 3. A copy of the motion is available at https://urlcurt.com/u?l=2orLpa from PacerMonitor.com. About Focus Utility Services LLC Focus Utility Services, LLC is a Miramar, Florida-based utility system construction company specializing in hydro-excavation and underground infrastructure services. The company provides excavation and utility support for infrastructure projects throughout South Florida and continues to operate as a debtor-in-possession while maintaining ongoing utility projects in the Miami area. The current filing follows the dismissal of a prior Chapter 11 case in May 2026. Focus Utility Services, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19103) on July 12, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Scott M. Grossman handles the case. The Debtor is represented by Jaitegh Singh, Esq. at SINGH LAW FIRM, P.A. G&M HOME: Seeks to Tap Peter Spindel as General Bankruptcy Counsel ------------------------------------------------------------------ G&M Home Health Care Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ the law firm of Peter Spindel, Esq., as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. Peter Spindel, Esq. disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Peter Spindel, Esq. Peter Spindel, Esq., PA 8306 Mills Dr. Miami, FL 33183 Telephone: (786) 355-4631 Email: peterspindel@gmail.com About G&M Home Health Care Corp. G&M Home Health Care Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17773) on June 15, 2026, listing under $1 million in both assets and liabilities. Judge Corali Lopez-Castro oversees the case. Peter Spindel, Esq. represents the Debtor as counsel. GENESIS HEALTHCARE: Sidley Partner Disputes Ch. 11 Conflict Claims ------------------------------------------------------------------ Alex Wolf of Bloomberg Law reports that a partner at Sidley Austin LLP has denied allegations that he has a conflict of interest in the Chapter 11 bankruptcy of Genesis Healthcare Inc., arguing that his firm's representation should not be disqualified. In a declaration filed in the U.S. Bankruptcy Court for the Northern District of Texas, Thomas R. Califano said his prior work for an investment vehicle affiliated with investor Joel Landau was limited and does not affect Sidley's ability to represent Genesis in litigation against Landau. Califano said he briefly advised ReGen Healthcare LLC while he was a lawyer at DLA Piper LLP in late 2020, providing guidance on the risks of investing in Genesis if the nursing home operator entered bankruptcy. He emphasized that the engagement was limited in scope, involved ReGen rather than Landau personally, and did not address the substantive terms of the proposed investment. Califano also noted that neither ReGen nor Landau has ever been a client of Sidley since he joined the firm in April 2021. Landau had asked the bankruptcy court to disqualify Califano and Sidley, arguing the attorney failed to disclose prior connections and may possess confidential information relevant to ongoing litigation. Genesis has accused Landau of improperly extracting valuable assets before the company's Chapter 11 filing, while Landau maintains his investments helped stabilize the company during a liquidity crisis. Judge Stacey G. C. Jernigan is scheduled to hear the disqualification motion on August 11, 2026, the report states. Genesis filed for Chapter 11 protection in July 2025, citing financial pressures stemming from rising operating costs following the COVID-19 pandemic. The company is represented by McDermott Will & Schulte LLP and Katten Muchin Rosenman LLP, while Landau and his affiliates are represented by Sullivan & Cromwell LLP, according to report. About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GLG INVESTMENTS: Committee Hires Sardi Law as Bankruptcy Counsel ---------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of GLG Investments, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Sardi Law, PLLC as counsel. The firm's services include: (a) advise the committee of its rights, powers, and duties in these Chapter 11 cases; (b) assist and advise the committee in its consultations with the Debtors relative to the administration of these Chapter 11 cases; (c) assist the committee in analyzing the claims of the Debtors' creditors and in negotiating with such creditors; (d) assist with the committee's investigation of the acts, conduct, assets, liabilities, and financial condition of the debtor and of the operations of its business; (e) assist the committee in its analysis of, and negotiations with, the Debtors and/or any third party concerning matters related to, among other things, the use of cash collateral, debtor in possession financing, the liquidation of assets and the terms of a plan or plans of reorganization; (f) assist and advise the committee with respect to its communications with the general creditor body regarding significant matters in these Chapter 11 cases; (g) represent the committee at all hearings and other proceedings in these Chapter 11 cases; (h) review an analyze all applications, motions, orders, statements of operations, and schedules filed with the Court and advise the committee as to its propriety; (i) assist the committee in preparing pleadings and applications as may be necessary in furtherance of the committee's interests and objectives; and (j) perform such other legal services as may be required and are deemed to be in the interests of the committee in accordance with its powers and duties as set forth in the bankruptcy Code. The firm will be paid at these hourly rates: Carlos Sardi, Attorney $495 Legal Assistants and Paralegals $125 - $295 Mr. Sardi 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: Carlos E. Sardi, Esq. Sardi Law, PLLC 11410 N. Kendall Dr., Suite 208 Miami, FL 33176 Email: carlos@sardilaw.com About GLG Investments LLC GLG Investments, LLC, GL3, LLC, GL7, LLC, and GL16, LLC owned and operated a portfolio of residential real estate properties that generate rental income and served as their primary assets prior to the receivership proceedings. A number of the properties participate in the Housing Choice Voucher Program, under which a public housing authority pays a portion of tenant rent directly. GLG Investments and affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16159) on May 13, 2026. At the time of the filing, the Debtors had estimated assets of between $100,001 and $500,000 and liabilities of between $100,001 and $500,000. Judge Laurel M. Isicoff oversees the case. Agentis PLLC is Debtors' legal counsel. On June 8, 2026, the Office of the U.S. Trustee appointed an official committee of unsecured creditors appointed in these Chapter 11 cases. The committee tapped Sardi Law, PLLC as counsel. GLG INVESTMENTS: Seeks to Hire Trustee Realty as Estate Broker -------------------------------------------------------------- GLG Investments, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Trustee Realty, Inc. as real estate broker. The firm will provide these services: (a) analyze and determine the market value of the real property; (b) advertise and show the real property to potential buyers; (c) sell and assist with the closing of the sale of the real property; and (d) all marketing expenses will be borne by the broker regardless of whether he is successful in the sale of the real property. The firm will receive a commission of 6 percent of the total sale price of the real property. Jason Welt, a real estate agent at Trustee Realty, 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: Jason A. Welt Trustee Realty Inc. 333 Las Olas Way, Suite 343 Fort Lauderdale, FL 33301 Telephone: (954) 803-0790 About GLG Investments LLC GLG Investments, LLC, GL3, LLC, GL7, LLC, and GL16, LLC owned and operated a portfolio of residential real estate properties that generate rental income and served as their primary assets prior to the receivership proceedings. A number of the properties participate in the Housing Choice Voucher Program, under which a public housing authority pays a portion of tenant rent directly. GLG Investments and affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16159) on May 13, 2026. At the time of the filing, the Debtors had estimated assets of between $100,001 and $500,000 and liabilities of between $100,001 and $500,000. Judge Laurel M. Isicoff oversees the case. Agentis PLLC is Debtors' legal counsel. On June 8, 2026, the Office of the U.S. Trustee appointed an official committee of unsecured creditors appointed in these Chapter 11 cases. The committee tapped Sardi Law, PLLC as counsel. GLOBAL ENTERPRISE: Unsecureds Will Get 1.31% over 36 Months ----------------------------------------------------------- Global Enterprise of South Florida, Inc., d/b/a Global Enterprise Disaster Restoration, filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization for Small Business dated July 16, 2026. The Debtor is a Florida corporation based in Pompano Beach, Florida. The company provides disaster restoration and related services to residential and commercial customers. Tivadar Bodorlo is the company's president and sole equity holder. The Debtor filed for Subchapter V Chapter 11 bankruptcy on April 17, 2026, to preserve the value of the business, continue operations, restructure secured and tax debt, and resolve creditor claims. The reorganization plan will be funded through: * Continued business operations, * Collection of accounts receivable, and * The Debtor's projected disposable income. SBA Secured Claim (Class 1): The Plan provides for one class of secured claims, consisting of the SBA loan. The allowed secured claim is fixed at $388,882.00 (subject to any court determination). The loan will be reamortized at 3.75% interest over the remaining 288-month term through July 31, 2050, resulting in estimated monthly payments of $2,049.82. The SBA will retain its liens until the secured claim is paid in full. The estimated unsecured balance of $157,678.78 will be treated separately as a Class 2 unsecured claim. Nonpriority Unsecured Claims (Class 2): After payment or reservation for administrative expenses and priority tax claims, the remaining Plan Distribution Fund will be distributed pro rata to allowed Class 2 creditors. The Debtor estimates: Administrative expenses of $40,000.00, with $22,602.50 covered by counsel's retainer and the remainder funded through the plan. Priority tax payments of $43,796.94. Minimum Plan Distribution Fund contributions totaling $80,959.00. A projected distribution of approximately $19,764.56 to Class 2 creditors. Estimated Class 2 claims of approximately $1.507 million, resulting in a projected base recovery of about 1.31%, subject to changes based on allowed claims, actual expenses, and additional disposable income. Equity Interests (Class 3): Tivadar Bodorlo will retain his ownership interest in the reorganized company. No distributions will be made to equity holders during the plan period. On the Effective Date, the Debtor will continue operating its disaster restoration business, with Tivadar Bodorlo remaining as president and sole owner. The Debtor will establish a Plan Distribution Fund financed by operating cash flow, accounts receivable collections, and other lawful proceeds. Beginning 30 days after the Effective Date, the Debtor will make: 35 monthly contributions of $2,248.86 and A final contribution of $2,248.90, totaling at least $80,959.00 over 36 months. In addition, the Debtor will make estimated monthly SBA payments of $2,049.82 during the same period, totaling approximately $73,793.52. The combined fixed monthly plan obligation is projected to be $4,298.68, and the total fixed plan-related payments over the 36-month period are projected at $154,752.52. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=PQoV41 from PacerMonitor.com at no charge. Counsel to the Debtor: Andrew Kamensky, Esq. Tax Workout Group, PA Boca Raton, FL 33432 Telephone: (888) 282-9333 Facsimile: (866) 511-2384 Email: akamensky@twg.law About Global Enterprise of South Florida Global Enterprise of South Florida, Inc., operates a disaster restoration business in Pompano Beach, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14885) on April 17, 2026. In the petition signed by Tivadar Bodorlo, president, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Scott M. Grossman oversees the case. Andrew Kamensky, at Tax Workout Group, PA, is the Debtor's legal counsel. GOLDENPEAKS POLAND: Hires Houlihan Lokey as Investment Banker ------------------------------------------------------------- GoldenPeaks Poland Holding Limited and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Houlihan Lokey Capital, Inc. as investment banker. The firm's services include: (a) assist the Debtors in the development and distribution of selected information, documents and other materials; (b) assist the Debtors in evaluating indications of interest and proposals regarding any transaction(s) from current lenders and potential equity investors, acquirers and/or strategic partners; (c) assist the Debtors with the negotiation of any transaction(s); (d) attend meetings of the Debtors, Board of Directors, the Special Committee, creditor groups, official constituencies and other interested parties, as GoldenPeaks and Houlihan Lokey mutually agree; (e) provide expert advice and testimony regarding financial matters related to any transaction(s), if necessary; and (f) provide such other investment banking services as may be agreed upon by Houlihan Lokey and the Debtors. The firm will be paid at these fees: (a) Monthly Fee - $250,000; (b) Transaction Fee: (i) Sale/Restructuring Fee - $3,800,000; and (ii) Discretionary Fee - $500,000. In addition, the firm will seek reimbursement for expenses incurred. David Hilty, a managing director at Houlihan Lokey Capital, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David R. Hilty Houlihan Lokey Capital, Inc. 10250 Constellation Blvd., 5th Fl. Los Angeles, CA 90067 About GoldenPeaks Poland LLC GoldenPeaks Poland LLC is a European renewable energy developer. GoldenPeaks Poland LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90564) on May 29, 2026. The case is jointly administered in Case No. 26-90564. In its petition, GoldenPeaks Poland disclosed up to $10 billion in assets and up to $1 billion in liabilities. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtors tapped Benjamin Lawrence Wallen, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel; Alvarez & Marsal North America, LLC as financial advisor; Houlihan Lokey Capital, Inc. as investment banker; and SSW Spaczynski, Szczepaniak, Wickel, Gozdziowska spk as special Polish counsel. GOLF SERVICES: Seeks to Extend Plan Exclusivity to Sept. 18 ----------------------------------------------------------- Golf Services Wind Down, LLC f/k/a GBI Services, LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 18 and Nov. 16, 2026, respectively. The Debtors explain that having successfully closed the Sale Transactions and resolved their legacy disputes, the Debtors have since shifted their focus to the plan process and have already filed the Combined Plan and Disclosure Statement and obtained entry of the Solicitation Procedures Order. Under these circumstances, the Debtors submit it is warranted that the Debtors be afforded sufficient additional time to solicit and seek confirmation of the Combined Plan and Disclosure Statement without the distraction, cost, and delay of a competing plan. Accordingly, the Debtors believe the requested extension of the Exclusive Periods will provide the Debtors with time to pursue confirmation of the Combined Plan and Disclosure statement without the risk of unnecessary complexity, confusion, and delay that would be caused by a competing plan. The Debtors claim that these chapter 11 cases are large and complex due to, among other things, the magnitude of their liabilities and, prior to the closing of the Sale Transactions, their operation of a business with multinational customers, and their involvement in significant litigation that began years before the Petition Date and continued thereafter. As a result, the early stages of these cases were focused on ensuring a smooth transition into chapter 11, conducting and concluding a comprehensive sale process, addressing and resolving legacy litigation, and negotiating, filing and obtaining conditional approval of the Combined Plan and Disclosure Statement. Since the Petition Date, the Debtors have been paying undisputed administrative expenses as they come due and will continue to do so. The Debtors continue to monitor their liquidity closely and are confident that they have sufficient cash on hand to satisfy their postpetition payment obligations and confirm and consummate the Combined Plan and Disclosure Statement during the requested extension of the Exclusive Periods. The Debtors assert that the Sale Transactions provided for the resolution and/or assumption of significant liabilities against the Debtors' estates and left the Debtors with sufficient unencumbered cash to pursue an orderly wind down. After closing the Sale Transactions, the Debtors, with the input and support of certain key parties, filed the Combined Plan and Disclosure Statement which lays out the process for that winddown and provides recoveries to the Debtors' remaining creditors. Accordingly, the Debtors have demonstrated reasonable prospects for filing a viable chapter 11 plan. The Debtors further assert that they have remained in frequent communication with their creditors throughout these chapter 11 cases and, with the input and support of certain key parties, prepared and filed the Combined Plan and Disclosure Statement. The Debtors request this extension of the Exclusive Periods so that they may pursue confirmation of the Combined Plan and Disclosure Statement without the distraction of competing chapter 11 plans. Finally, this Motion is without prejudice to any party in interest seeking to shorten the Exclusive Periods pursuant to section 1121(d) of the Bankruptcy Code. As such, no party in interest will be prejudiced if the requested extensions are approved. Accordingly, the Debtors respectfully submit this factor weighs in favor of granting the extension of the Exclusive Periods. Counsel to the Debtors: Michael J. Merchant, Esq. Zachary I. Shapiro, Esq. James F. McCauley, Esq. Alexander R. Steiger, Esq. RICHARDS, LAYTON & FINGER, P.A. 920 North King Street Wilmington, DE 19801 Telephone: 302-651-7700 E-mail: merchant@rlf.com shapiro@rlf.com mccauley@rlf.com steiger@rlf.com - and - David J. Cohen, Esq. WEIL, GOTSHAL & MANGES LLP 1395 Brickell Avenue, Suite 1200 Miami, FL 33131 Telephone: (305) 577-3100 Email: davidj.cohen@weil.com - and - Ronit J. Berkovich, Esq. Daphne S. Papadatos, Esq. WEIL, GOTSHAL & MANGES LLP 767 Fifth Avenue New York, NY 10153 Telephone: (212) 310-8000 Email: ronit.berkovich@weil.com daphne.papadatos@weil.com About GBI Services/Nicklaus Companies GBI Services, LLC's affiliate Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. Nicklaus operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. GBI Services and its affiliates including Nicklaus sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12089) on November 21, 2025. In its petition, GBI Services, the lead debtor, reported estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. The petitions were signed by Philip D. Cotton as chief executive officer. Honorable Bankruptcy Judge Craig T. Goldblatt handles the cases. The Debtors are represented by the law firms of Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP. Alvarez & Marsal North America, LLC serves as financial and restructuring advisor while Cassel Salpeter & Co serves as investment banker. Epiq Corporate Restructuring, LLC is the claims and noticing agent. GOOD MORNING: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Good Morning Dental, LLC on July 30 received interim approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral and provide adequate protection. Under the interim order, the Debtor is authorized to use cash collateral to fund its operations based on its four-week cash flow budget, subject to a variance of 10%. This authorization remains in effect until entry of a final order; dismissal or conversion of the Debtor's Chapter 11 case; or further court order, whichever occurs first. The Debtor estimates having between 1 and 49 creditors, with total assets valued between $50,001 and $100,000 against total secured liabilities of approximately $2,556,312. Among the six listed secured creditors, Peapack-Gladstone Bank holds the senior secured position with a claim of $1,639,188, perfected by a blanket UCC-1 financing statement covering substantially all of the Debtor's assets, including accounts receivable, general intangibles, and cash proceeds. Because Peapack's senior claim far exceeds the overall value of the Debtor's assets, the remaining junior secured creditors including the U.S. Small Business Administration ($550,782), Citizens Pay ($268,057), Hanmi Bank ($64,431), the New Jersey Economic Development Authority ($33,854), and equipment lessor De Lage Landen Financial Services, Inc. hold no equity cushion in their collateral and are effectively unsecured. Peapack-Gladstone and other secured creditors will be granted adequate protection through replacement liens on all post-petition assets of the Debtor similar to their pre-petition collateral, with the same extent, validity, and priority as their pre-petition liens. These replacement liens are subject to any valid, properly perfected, and unavoidable senior liens existing as of the petition date. In addition, Peapack-Gladstone will receive a monthly payment of $6,500, commencing on August 15, and continuing on the 15th day of each month thereafter during the pendency of the case or until further court order. The order is available at http://bankrupt.com/misc/GoodMorningDental_CCOrder25.pdf A final hearing will be held on August 13. Objections must be filed no later than seven days prior to the hearing. About Good Morning Dental LLC Good Morning Dental LLC is a Hackensack, New Jersey-based dental practice providing comprehensive oral healthcare services. Operating from its Main Street office under the leadership of Dr. Soo Kang, the practice continues to accept new patients and participates in multiple insurance networks. The company also received financial assistance from the New Jersey Economic Development Authority, including a $50,000 Small Business Improvement Grant to support facility improvements and lease costs. Good Morning Dental LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-18147) on July 17, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $1 million to $10 million. The Debtor is represented by David L. Stevens, Esq. of Clear Path Law, LLC. GREAT OUTDOORS: Moody's Alters Outlook on 'Ba3' CFR to Stable ------------------------------------------------------------- Moody's Ratings changed Great Outdoors Group, LLC's ("GAO", f.k.a. Bass Pro Group, L.L.C) outlook to stable from negative. Concurrently, Moody's affirmed the company's Ba3 corporate family rating, its Ba3-PD probability of default rating and its B1 senior secured term loan rating. The change in outlook to stable reflects improved operating performance and earnings growth, driven by moderately stronger demand, improved efficiencies and productivity initiatives in the boating business, as well as solid performance in the retail and hospitality segments. These factors reduced Moody's adjusted debt to EBITDA to 5.5x for the LTM ended March 28, 2026, from 5.7x in 2025. The affirmation reflects GAO's good interest coverage, with EBITA to interest of 2.3x, and very good liquidity. It also reflects Moody's expectations that leverage will continue to decline through earnings growth, supported by ongoing efficiencies and productivity initiatives, increased penetration of owned brands, and the company's leading market position in the fiercely competitive sporting goods sector. RATINGS RATIONALE GAO's Ba3 CFR is supported by its well-recognized brand names and leading position in the outdoor recreational products retail sector. The company's margins benefit from its sizable and stable club credit card income stream and significant owned brand penetration. In addition, GAO's business model as a destination experiential retailer sets it apart from mass market and big box competitors that do not provide the level of in-store customer service that is the foundation underpinning its loyal customer base. Further, its diverse product assortment and value price points somewhat mitigate earnings pressure in economic downturns. Partially offsetting these strengths are GAO's moderately high leverage with Moody's adjusted debt to EBITDA of 5.5x for LTM ended March 28, 2026 down from 5.7x in fiscal 2025 and EBITA/interest at 2.3x from 2.1x for the same period. This improvement in credit metrics reflects better earnings in the company's boating and fishing/marine, retail and hospitality segments, bolstered by continued growth in its club credit card business. Moody's expects operating performance to continue to improve over the next 12 months driven by increased penetration of GAO's owned brands, along with continued focus on cost controls and productivity improvements. Moody's also recognizes the company's aggressive financial strategies, including the historic use of cash flow and incremental debt for the redemption of preferred and common equity interests, issued by GAO's parent and member distributions primarily for tax purposes. Moody's expects the company to engage in opportunistic acquisitions which could raise leverage. GAO will have very good liquidity over the next 12 months, as evidenced by its historically good free cash flow and a largely available $1.275 billion asset based lending ("ABL") facility that expires in 2030. As of March 28, 2026, the company had high unrestricted balance sheet cash and no near term debt maturities. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be downgraded if operating performance does not improve, financial policies become more aggressive, or liquidity weakens. Quantitatively, the ratings could be downgraded if Moody's adjusted debt/EBITDA is sustained above 5.5x or EBITA/interest expense is below 1.75x. The ratings could be upgraded if the company demonstrates the ability and willingness to reduce debt/EBITDA (on a Moody's adjusted basis) below 4.0x and EBITA/interest expense above 2.5x on a sustained basis, while maintaining at least good liquidity. Headquartered in Springfield, Missouri, Great Outdoors Group, LLC, a wholly-owned subsidiary of The Great American Outdoors Group LLC, operates Bass Pro Shops and Cabela's, retailers of outdoor recreational products throughout the US and Canada. The company also manufactures and sells recreational boats and related marine products under the Tracker, Mako, Tahoe, Nitro, Ranger Boats, and Triton brand names. The company also owns the Big Cedar Lodge in Ridgedale, Missouri, Cheeca Lodge in Islamorada, Florida and Big Cypress Lodge in Memphis, Tennessee. Bass Pro is majority owned by its founder, John Morris. The company generates in excess of $7.7 billion in annual revenue. The principal methodology used in these ratings was Retail and Apparel published in September 2025. GVO PARTNERS: Seeks Approval to Hire Ordinary Course Professional ----------------------------------------------------------------- GVO Partners LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ non-bankruptcy professionals in the ordinary course of business. The Debtors need ordinary course professional to perform services for matters unrelated to these Chapter 11 cases. OCP: Burrill Poole 1000 Eagle Point Corporate Drive, Suite 3 Birmingham, AL 35242 -- Legal Services $50,000/Monthly Fee Cap The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties-in-interest in connection with the matter upon which they are to be engaged. About GVO Partners LLC GVO Partners LLC is a healthcare-focused investment firm specializing in the medical aesthetics sector. The company partners with medical spas, cosmetic dermatology clinics, and plastic surgery practices, providing growth capital and operational support to help businesses scale and improve profitability. GVO Partners LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10976) on June 16, 2026. The case is jointly administered in Case No. 26-10976. In its petition, GVO Partners disclosed estimated assets between $100,000 and $500,000 and estimated liabilities between $10 million and $50 million. The Debtors are represented by Thomas Joseph Francella, Jr., Esq. at Raines Feldman Littrell LLP. HAGO PACK: Holly Miller Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Holly Miller, Esq., at Gellert Scali Busenkell & Brown, LLC as Subchapter V trustee for Hago Pack Limited Liability Company. Ms. Miller will be paid an hourly fee of $500 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Miller declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Holly S. Miller, Esq. Gellert Scali Busenkell & Brown, LLC 1628 John F. Kennedy Boulevard, Suite 1901 Philadelphia, PA 19103 Telephone: (215) 238-0012 Facsimile: (215) 238-0016 Email: hsmiller@gsbblaw.com About Hago Pack Limited Liability Company Hago Pack Limited Liability Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-13058) on July 21, 2026, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Ashely M. Chan presides over the case. Kevin D. McGowan, Jr., Esq. at Silverang, Rosenzweig & Haltzman, LLC represents the Debtor as legal counsel. HALLMARK FINANCIAL: Plan Confirmation Hearing Scheduled for Aug. 25 ------------------------------------------------------------------- Judge Michelle V. Larson of the U.S. Bankruptcy Court for the Northern District of Texas conditionally approved the Disclosure Statement regarding Plan of Reorganization of Hallmark Financial Services, Inc. The Disclosure Statement is conditionally approved as containing adequate information in accordance with section 1125 of the Bankruptcy Code and is subject to final approval of the Court at the Combined Hearing. The Debtor's 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: * The Confirmation Hearing shall be held on August 25, 2026, at 2:00 p.m., prevailing Central Time, at which time this Court will consider confirmation of the Plan. * Any objections to the Plan shall be filed with the Court on or before August 17, 2026, at 5:00 p.m., prevailing Central Time, and served on the Notice Parties, as defined in the Motion. * Any brief in support of confirmation of the Plan and reply to any objections shall be filed with the Court on or before August 20, 2026. As shared by the Troubled Company Reporter, RSA contemplates a dual-track toggle structure whereby the Restructuring Transaction with Hildene effectively serves as the backstop, or stalking horse bidder, while Hallmark simultaneously conducts a marketing process seeking an alternative restructuring transaction that provides higher or better cash recoveries than the Restructuring Transaction (the "Alternative Restructuring Transaction"). The principal terms of the Restructuring Transaction with Hildene are as follows: * Holders of Senior Unsecured Notes Claims (other than Hildene) will receive New Senior Unsecured Notes of the Reorganized Debtor in an original principal amount equal to 100% of such Holder's Allowed Senior Unsecured Notes Claim; * Holders of General Unsecured Claims will receive payment in full in Cash in the amount of their allowed claims; * Holders of Junior Subordinated Debt Securities Claims (other than those managed by or affiliated with Hildene) will receive 10% of the amount of such Claim in Cash. * Holders of Senior Unsecured Notes Claims held by Hildene will receive New Convertible Preferred Equity of the Reorganized Debtor having an initial liquidation preference equal to 100% of such Holder's Allowed Senior Unsecured Notes Claim; * Holders of Junior Subordinated Debt Securities Claims managed by or affiliated with Hildene will receive non-voting membership interests in a special purpose entity that will be formed to hold 100% of the New Common Equity of the Reorganized Debtor, subject to dilution; and * Holders of existing Equity Interests in the Company will receive nothing under the Plan, and such Equity Interests will be cancelled upon the Effective Date of the Plan. The Plan contemplates the completion of a prepetition marketing process pursuant to which Hallmark will seek an Alternative Restructuring Transaction that provides higher or better cash recoveries compared to the Restructuring Transaction with Hildene. If an Alternative Restructuring Transaction is identified by Hallmark and approved by the Bankruptcy Court, the net cash proceeds from such transaction will be distributed to creditors in accordance with the priority scheme established by the Bankruptcy Code and the Plan. Under the terms of the RSA, Hallmark and Hildene have agreed on an Initial Plan Value, which establishes the minimum bid threshold for any Alternative Restructuring Transaction. The Initial Plan Value is estimated to be approximately $47 million, calculated as (i) the amount of Senior Unsecured Notes Claims, including accrued interest (estimated to be $52.2 million as of April 30, 2026), plus (ii) 10% of Junior Subordinated Debt Claims, including accrued interest (estimated to be $8 million as of April 30, 2026), plus (iii) the estimated amount of unpaid Professional Fee Claims, Hildene Professional Fees, and other Administrative Claims as of the Effective Date (estimated to be approximately $11 million), plus (iv) to the extent applicable, any DIP claims, plus (v) the amount of general unsecured claims (estimated to be $400,000), less (vi) the estimated amount of the Company's cash, cash equivalents, and investments balance as of the projected Effective Date (estimated to be approximately $24.7 million). Class 4 consists of General Unsecured Claims. On the Effective Date or as soon as reasonably practicable thereafter, in full and final satisfaction, settlement, release, and discharge of, and in exchange for, each Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim, shall receive payment in Cash of the unpaid portion of such Claim (without interest, premium or penalty) on or about the Effective Date. For General Unsecured Claims that are not Allowed as of the Effective Date, the Reorganized Debtor shall pay the amount of such Allowed General Unsecured Claim as directed by any Final Order of the Bankruptcy Court allowing such Claim. Class 4 is unimpaired under the Plan, and the Holders of Claims in Class 4 are therefore conclusively deemed to accept the Plan. The Company will not solicit votes from Holders of Class 4 General Unsecured Claims. The allowed unsecured claims total $400,000. This Class will receive a distribution of 100% of their allowed claims. The Company's management team prepared financial projections ("Financial Projections") for the Company for fiscal years 2026 through 2030 (the "Projection Period"). The Financial Projections were prepared by the Company's management, in consultation with the Company's advisors, including CR3 Partners, and are based on a number of assumptions made by the Company with respect to the future performance of the Company's operations. A full-text copy of the Disclosure Statement dated June 15, 2026 is available at https://urlcurt.com/u?l=GbOqZO from Stretto Inc., claims agent. Proposed Counsel to the Debtor: Jason S. Brookner, Esq. Aaron M. Kaufman, Esq. Lydia R. Webb, Esq. Emily F. Shanks, Esq. GRAY REED 1601 Elm Street, Suite 4600 Dallas, TX 75201 Telephone: (214) 954-4135 Facsimile: (214) 953-1332 Email: jbrookner@grayreed.com akaufman@grayreed.com lwebb@grayreed.com eshanks@grayreed.com A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=Oyj8Si from PacerMonitor.com. About Hallmark Financial Services Hallmark Financial Services, Inc., is headquartered in Dallas, Texas. The company is engaged primarily in the sale of property and casualty insurance products. The Company's business involves marketing, underwriting, and premium financing of non-standard personal automobile insurance primarily in Texas, Arizona, and New Mexico, marketing of commercial insurance in Texas, New Mexico, Idaho, Oregon, and Washington, and third-party claims administration, and other insurance-related services. Hallmark Financial Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80007) on June 15, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. The Honorable Bankruptcy Judge Michelle V. Larson handles the case. William Snyder of Oliver Wyman, LLC, serves as the Debtor's Chief Restructuring Officer. Oliver Wyman, which acquired CR3 Partners, LLC in May 2026, serves as financial advisor. Gray Reed & McGraw LLP serves as the Debtor's general bankruptcy counsel, Olshan Frome Wolosky LLP as special corporate and litigation counsel, and Greenberg Traurig LLP as special regulatory counsel. Raymond James & Associates, Inc. serves as the Company's investment banker. Stretto, Inc., is employed as the Company's claims and noticing agent. Fox Rothschild LLP and Wollmuth Maher & Deutsch LLP serve as counsel to Hildene Capital Management, LLC and its affiliates. HALLMARK FINANCIAL: Plan Confirmation Hearing Scheduled for Aug. 25 ------------------------------------------------------------------- On June 15, 2026, Hallmark Financial Services, Inc. filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. On the same day, Hallmark filed its Chapter 11 Plan of Reorganization of Hallmark Financial Services, Inc. and Disclosure Statement for Prepackaged Chapter 11 Plan of Reorganization of Hallmark Financial Services, Inc. Copies of the Plan and the Disclosure Statement may be obtained upon request to Stretto, Inc., the company's solicitation agent, by: (i) calling Toll-Free: 833.385.4739 or International: 714.947.2731, or emailing TeamHallmark@stretto.com. Copies of the Plan and the Disclosure Statement are also available for free on the Solicitation Agent's website at https://cases.stretto.com/Hallmark and are on file with the Clerk of the Bankruptcy Court, 1100 Commerce Street, Room 1254, Dallas, TX 75242 and online through the Bankruptcy Court's website at https://www.txnb.uscourts.gov. A hearing to consider confirmation of the Plan will be held on August 25, 2026, at 2:00 p.m. (prevailing Central Time), at the United States Bankruptcy Court for the Northern District of Texas, 1100 Commerce Street, Dallas, Texas 75242. Any parties who wish to participate in the confirmation hearing should consult the Bankruptcy Court's website at https://www.txnb.uscourts.gov for participation instructions. The deadline for filing objections to confirmation of the Plan is August 17, 2026, at 5:00 p.m. (prevailing Central Time). Any such Objections must: (a) be in writing; (b) comply with the Bankruptcy Rules and the Local Rules of the Bankruptcy Court; (c) state the name and address of the objecting party and the amount and nature of the Claim owned by such entity; (d) state, with particularity, the legal and factual bases for such objections, and, if practicable, a proposed modification to the Plan that would resolve such objections; and (e) be filed with the Bankruptcy Court with proof of service thereof and served upon the Notice Parties so as to be actually received on or before objection deadline by the following notice parties: (i) the Debtor, Hallmark Financial Services, Inc., 1717 Main St., Ste. 4400, Dallas, TX 75201, Attn: William Snyder, Chief Restructuring Officer, Oliver Wyman (william.snyder@oliverwyman.com); (ii) counsel to the Debtor, Gray Reed, 1845 Woodall Rodgers Fwy, Ste. 1300, Dallas, TX 75201, Attn: Jason S. Brookner, Aaron M. Kaufman, Lydia R. Webb, and Emily F. Shanks (jbrookner@grayreed.com, akaufman@grayreed.com, lwebb@grayreed.com, eshanks@grayreed.com); (iii) counsel to Hildene, Fox Rothschild LLP, 2501 N. Harwood St., Suite 1800, Dallas, Texas 75201, Attn: Trey Monsour (tmonsour@foxrothschild.com); and Wollmuth Maher & Deutsch LLP, 500 5th Ave., New York, NY 10110, Attn: Paul DiFilippo (pdefilippo@WMD-LAW.com); and (iv) the Office of the United States Trustee for the Northern District of Texas, 1100 Commerce Street, Room 976, Dallas, Texas 75242, Attn: Meredyth Kippes (Meredyth.Kippes@usdoj.gov). UNLESS AN OBJECTION IS TIMELY SERVED AND FILED IN ACCORDANCE WITH THIS NOTICE, IT MAY NOT BE CONSIDERED BY THE BANKRUPTCY COURT AND MAY BE DEEMED OVERRULED. YOU ARE ADVISED TO CAREFULLY REVIEW AND CONSIDER THE PLAN, INCLUDING THE RELEASE, EXCULPATION, DISCHARGE, AND INJUNCTION PROVISIONS SET FORTH IN ARTICLE X OF THE PLAN, AS YOUR RIGHTS MIGHT BE AFFECTED. Counsel to the Debtor and Debtor in Possession: Jason S. Brookner, Esq. Aaron M. Kaufman, Esq. Lydia R. Webb, Esq. Emily F. Shanks, Esq. GRAY REED 1845 Woodall Rodgers Fwy, Ste. 1300 Dallas, TX 75201 Telephone: (214) 954-4135 Facsimile: (214) 953-1332 Email: jbrookner@grayreed.com akaufman@grayreed.com lwebb@grayreed.com eshanks@grayreed.com About Hallmark Financial Services Hallmark Financial Services, Inc., is headquartered in Dallas, Texas. The company is engaged primarily in the sale of property and casualty insurance products. The Company's business involves marketing, underwriting, and premium financing of non-standard personal automobile insurance primarily in Texas, Arizona, and New Mexico, marketing of commercial insurance in Texas, New Mexico, Idaho, Oregon, and Washington, and third-party claims administration, and other insurance-related services. Hallmark Financial Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80007) on June 15, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. The Honorable Bankruptcy Judge Michelle V. Larson handles the case. William Snyder of Oliver Wyman, LLC, serves as the Debtor's Chief Restructuring Officer. Oliver Wyman, which acquired CR3 Partners, LLC in May 2026, serves as financial advisor. Gray Reed & McGraw LLP serves as the Debtor's general bankruptcy counsel, Olshan Frome Wolosky LLP as special corporate and litigation counsel, and Greenberg Traurig LLP as special regulatory counsel. Raymond James & associates, Inc. serves as the Company's investment banker. Stretto, Inc., is employed as the Company's claims and noticing agent. Fox Rothschild LLP and Wollmuth Maher & Deutsch LLP serve as counsel to Hildene Capital Management, LLC and its affiliates. HARDWOOD RESTAURANT: Plan Confirmation Hearing Set for Sept. 15 --------------------------------------------------------------- Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central District of California conditionally approved the Disclosure Statement describing Chapter 11 Plan of Hardwood Restaurant Holdings, LLC d/b/a Maple Block Meat Co. 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 Combined Hearing on the final approval of the Disclosure Statement and confirmation of the Plan, and the following Confirmation Schedule, are approved: * September 1, 2026 is the deadline (a) for ballots to be received (at the address listed in the ballot) and (b) for any objections to confirmation of the Plan and final approval of related disclosures to be served and filed. * September 8, 2026 is the deadline for the Plan proponent (a) to serve and file responses to any objections, (b) to file a proof of service of the Voting Package, and (c) to file a ballot summary (notwithstanding the deadline in LBR 3018-1). * September 15, 2026 at 1:00 p.m., this Court will hold a combined hearing on (a) whether to confirm the Plan and (b) whether to approve the associated disclosures as providing adequate information. As shared by the Troubled Company Reporter, the Debtor is a California limited liability company, formed on November 18, 2013. The Debtor operates two barbecue and restaurants in the Downtown and Culver City areas of Los Angeles. The final Plan payment is expected to be paid on May 2031 (estimated). Class 3(a) consists of non-priority unsecured creditors, except for Grand Central Market's claim, which is treated separately in Class 3(b). The total amount of the general unsecured claims in Class 3(a) is $297,129.50, which includes the disputed claim filed by Jose Albanez, that the Debtor intends to object to. Based on the liquidation analysis and the income valuation of the Debtor's assets, the holders of allowed general unsecured claims will be receiving an estimated TBD% pro-rata distribution through the plan. The distribution to allowed general unsecured claims will be made monthly, with the first payment due on the effective date, followed by 59 consecutive payments, each in the same amount, to be paid pro-rata to each holder of allowed general unsecured claim. Each equity security holder will retain its share in the reorganized debtor following plan confirmation. The Debtor will fund its plan from the continued operation of its restaurants in Culver City and Los Angeles. A full-text copy of the Plan of Reorganization dated January 8, 2026 is available at https://urlcurt.com/u?l=tnuKL5 from PacerMonitor.com at no charge. A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=dqx2to from PacerMonitor.com. About Hardwood Restaurant Hardwood Restaurant Holdings LLC operates two barbecue and restaurants in the Downtown and Culver City areas of Los Angeles. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-19049) on Oct. 10, 2025. In its petition, the Debtor listed assets and liabilities between $100,001 and $1 million. Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Michael Jay Berger, Esq. HILDALGO GROUP: Lender Seeks to Prohibit Cash Collateral Access --------------------------------------------------------------- Live Oak Banking Company asks the U.S. Bankruptcy Court for the Southern District of Florida to prohibit Hidalgo Group, LLC from using cash collateral. Live Oak argues that the Debtor has been doing so without either the lender's consent or court authorization, in violation of 11 U.S.C. Section 363. The Debtor filed for Chapter 11 Subchapter V protection on April 6 and more than 14 weeks into the case had not filed a motion seeking authority to use cash collateral. The lender also asserts that the Debtor has filed only one monthly operating report, covering April and has failed to submit subsequent reports. According to Live Oak, the April report shows the Debtor spent $10,369.12 in cash collateral on operating expenses during that month, indicating that it has continued using the lender's collateral throughout the bankruptcy without approval. On December 21, 2023, the Debtor, Midland Specialty, Inc., guarantor Daktor I. Holguin, and Live Oak entered into a $2.04 million loan agreement. The Debtor executed a promissory note evidencing the loan, and Live Oak asserts that the outstanding balance is at least $1.842 million, excluding default interest, attorneys' fees, and other accrued expenses. To secure the loan, the Debtor and Midland granted Live Oak a security interest in substantially all of the Debtor's personal property, including equipment, furniture, tangible assets, and all proceeds derived from that collateral, including cash collateral. Live Oak perfected its lien by filing a UCC-1 financing statement with the Florida Secretary of State on December 22, 2023, covering all tangible and intangible property of the debtor and their proceeds. Live Oak filed a secured proof of claim on June 10 for approximately $1.833 million. The lender has not received any loan payments since December 5, 2025, and that the Debtor has provided no adequate protection for its secured interest during the bankruptcy case. Because the Debtor neither obtained court approval nor secured the lender's consent before using cash collateral, the lender argues the Debtor is operating in direct violation of 11 U.S.C. Section 363(c)(2). A copy of the motion is available at https://urlcurt.com/u?l=ZkWP63 from PacerMonitor.com. A court hearing is scheduled for August 12. About Hidalgo Group LLC Hidalgo Group, LLC, is a business entity engaged in general commercial operations, including investment and management services. Hidalgo Group, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14274) on April 6, 2026. In its petition, the Debtor estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $500,000. Judge Peter D. Russin oversees the case. The Debtor is represented by Jesus Santiago, Esq., at DASA Law. Live Oak Banking Company, as lender, is represented by Jeffrey M. Schlerf, Esq Stinson LLP 100 South Ashley Drive Tampa, FL 33602 Main Tel.: (813) 534-7334 E-mail: Jeffery.schlerf@stinson.com -and- Christopher J. Harayda, Esq. Austyn K. Boothe, Esq. 50 South Sixth Street, Suite 2600 Minneapolis, MN 55402 Email: CJ.Harayda@Stinson.com Email: Austyn.Boothe@Stinson.com Main Tel.: (612) 335-150 HOMETOWN CHIROPRACTIC: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------- Hometown Chiropractic, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral. The court entered a fourth interim order authorizing the Debtor to continue using cash collateral in accordance with the previously approved budgets, including a permitted variance of up to 10% for individual expense categories and in the aggregate. As adequate protection, creditors asserting liens on cash collateral will be granted replacement liens on the Debtor's post-petition property and proceeds, excluding avoidance action claims. These replacement liens are automatically perfected without the need for additional filings or possession of collateral. The Debtor reserves the right to challenge the validity or extent of any asserted liens at or before the final hearing. The court also directed all parties holding funds owed to the Debtor to immediately release those funds, regardless of any pre-petition demands or instructions from lienholders. Interference with the transfer of such funds may constitute a violation of the automatic stay. The order is available at https://short.do/AzMoOZ from PacerMonitor.com. A final hearing is scheduled for August 19. Hometown Chiropractic'S financial distress was driven by Tactic Franchising's alleged franchise termination and arbitration, which disrupted cash flow, and by costly merchant cash advances in 2025 that strained liquidity and left unsustainable obligations. About Hometown Chiropractic LLC Hometown Chiropractic, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01799) on April 17, 2026. In the petition signed by Anne Peters, manager, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Charles M. Walker oversees the case. Michelle L. Spezia, Esq., at Johnson & Spezia, PLLC, represents the Debtor as legal counsel. Michael Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC, serves as Subchapter V trustee for the Debtor. HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to Sept. 28 -------------------------------------------------------------- Hudson 1701/1706, LLC and Hudson 1702, LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 28 and Nov. 27, 2026, respectively. The Debtors explain that the modest extension requested in this Motion will preserve their exclusive opportunity to propose and seek confirmation of a chapter 11 plan, pending the Court's September 9, 2026, hearings regarding, among other things, the motion to dismiss filed by the Defendant in the Recharacterization Action. Thus, the relief requested in this Motion is properly tailored to the calendar in these Chapter 11 Cases. The Debtors claim that completing the trial in the Recharacterization Action is critical to the Debtors' formulation of a plan of reorganization. As the Court is aware, the Debtors worked diligently to prepare for an expedited trial in this matter and will continue to press for an expeditious trial. However, in light of the pending motion to dismiss the Debtors' amended complaint, the Debtors hereby seek only an extension of the Exclusivity Periods to accommodate the hearing on that motion on September 9, 2026, a subsequent ruling by the Court, and presumably some reasonable period thereafter in which the Debtors may determine and take next steps. Depending on whether and to what extent the Debtors are successful in defeating that motion, the Debtors expect to file another motion seeking a further extension of the Exclusive Periods, as appropriate. This Motion is the Debtors' third request for an extension of the Exclusive Periods, and the request will not unfairly prejudice or pressure the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. Importantly, the Debtors are not seeking an extension to delay administration of these Chapter 11 Cases or to exert pressure on their creditors, but rather to resolve issues related to any potential plan and continue the orderly, efficient, and cost-effective chapter 11 process. Further, the relief requested is without prejudice to the right of any party in interest to seek to shorten or terminate the Exclusive Periods. Accordingly, the Debtors believe that the requested extension is warranted and appropriate under the circumstances. Counsel for the Debtors: William E. Chipman, Jr., Esq. Mark D. Olivere, Esq. Aaron J. Bach, Esq. Alison R. Maser, Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Tel: (302) 295-0191 Email: chipman@chipmanbrown.com olivere@chipmanbrown.com bach@chipmanbrown.com maser@chipmanbrown.com About Hudson 1701/1706 LLC Hudson 1701/1706, LLC and Hudson 1702, LLC are Delaware limited liability companies engaged in activities related to real estate under NAICS code 5313. The entities manage and administer real property interests at 353 West 58th Street in New York City, with Hudson 1701/1706 associated with the tenth floor and Hudson 1702 with Unit 2 of the same building. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. ICALLIDUS INC: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: iCallidus, Inc. 10630 Little Patuxent Parkway Suite 405 Columbia MD 21044 Business Description: iCallidus is an information technology consulting company based in Columbia, Maryland. The company provides cybersecurity, digital modernization, digital transformation, solution architecture, and strategic management services. It also performs zero-trust implementation, human- centered design, application modernization, DevSecOps, IT architecture, and program management work for public- and private-sector organizations. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-17719 Debtor's Counsel: John D. Burns, Esq. THE BURNS LAW FIRM, LLC 6305 Ivy Lane, Suite 340 Greenbelt MD 20770 Tel: 301-441-8780 E-mail: jburns@burnsbankruptcyfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Liliana E. Phortand as president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IFHECVA/iCallidus_Inc__mdbke-26-17719__0001.0.pdf?mcid=tGE4TAMA ISLAND GASTROENTEROLOGY: Gets Extension to Access Cash Collateral ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York entered its sixth interim order authorizing Island Gastroenterology Consultants, P.C. to use cash collateral to fund operations. Under the sixth interim order, the Debtor is authorized to use cash collateral to fund ordinary operating expenses, including payroll, taxes, utilities, insurance, maintenance, and repairs, in accordance with its budget. The Debtor said it lacks sufficient unencumbered funds to continue operations and requires immediate access to cash collateral to maintain its medical practice and work toward reorganization. As adequate protection, Link Medical Services, PLLC will be granted first-priority replacement liens while Dr. Mariwalla will be granted second-priority replacement liens. In addition, both lenders will receive superpriority administrative expense claims equal to the amount of cash collateral used, subject to lien validity. A final hearing is scheduled for August 11, with objections due by August 4. A copy of the court order is available at https://short.do/v0ghm3 from PacerMonitor.com. About Island Gastroenterology Consultants P.C. Island Gastroenterology Consultants, P.C. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70198) on January 14, 2026, listing between $1 million and $10 million in both assets and liabilities. The petition was signed by Raj Mariwalla, M.D. as director. Judge Sheryl P. Giugliano oversees the case. The Debtor is represented by: Sean C. Southard, Esq. Klestadt Winters Jureller Southard & Stevens, LLP Tel: 212-972-3000 Email: ssouthard@klestadt.com Andrew Charles Brown Klestadt Winters Jureller Southard & Stevens, LLP Tel: 212-972-3000 Email: abrown@klestadt.com J.F.M. 6090: Unsecureds to Recover 12% via Quarterly Payments ------------------------------------------------------------- J.F.M. 6090, Inc. d/b/a Burger King and affiliates submitted a First Amended Disclosure Statement describing First Amended Plan of Reorganization dated July 17, 2026. Before filing for Chapter 11, the debtors tried to negotiate a consensual sale of their Spring Valley and Paterson operations, but the expected proceeds were not enough to satisfy their remaining debts. Burger King terminated the franchise agreements before the bankruptcy filing. After Ramesh's passing, Burger King claimed the debtors were no longer authorized to operate as franchisees. The debtors reached a temporary agreement allowing continued operation while seeking a sale, but those agreements expired in July 2026. The debtors plan to stop operating as Burger King restaurants and instead reopen as independent fast-food restaurants under the Jumbo King Burger name. They expect cost savings by eliminating Burger King royalty payments, required vendors, promotions, and discounts. The reorganization plan is based on the continued operation of these new restaurants. However, because the new restaurants had not yet begun operating when the disclosure statement was filed, the financial projections are based on estimates, and creditors are advised to perform their own analysis. The projections may differ from the restaurants' historical performance as Burger King franchises. Burger King may challenge the plan by alleging: * The new restaurants violate restrictive covenants in the former franchise agreements, including a one-year, two-mile restriction on operating a burger restaurant. * The debtors infringed Burger King's trademarks by continuing to operate as Burger King locations after the temporary operating agreements expired. General unsecured creditors (Class 4) are expected to receive quarterly payments of $5,000 beginning February 1, 2028, for 12 consecutive quarters, with no interest. The debtors estimate approximately $500,000 in total Class 4 claims, resulting in an estimated recovery of about 12% of each allowed claim. On the plan's effective date: * Existing equity interests will be extinguished. * New ownership of the reorganized debtors will be issued to Ranjana Jethwa in exchange for a $50,000 new value contribution. The plan will be funded through the operating revenues of the reorganized restaurants. The debtors also estimate approximately $75,000 in transition costs to remove Burger King signage and branding before the effective date. Upon the effective date, all estate property and causes of action will vest in the reorganized debtors free of most claims and liens, except those specifically preserved under the plan. The reorganized debtors will be able to operate their businesses, manage assets, settle claims, and pay professional fees without ongoing supervision or approval from the Bankruptcy Court, except as otherwise provided in the plan. A full-text copy of the First Amended Disclosure Statement dated July 17, 2026 is available at https://urlcurt.com/u?l=BqqxBE from PacerMonitor.com at no charge. Counsel to the Debtors: Richard D. Trenk, Esq. Robert S. Roglieri, Esq. Stephen M. Gengaro, Esq. TRENK ISABEL SIDDIQI & SHAHDA 290 W Mount Pleasant Ave., Suite 2370 Livingston, NJ 07039 Telephone: (973) 533-1000 Facsimile: (973) 216-7000 Email: rtrenk@tisslaw.com Email: rroglieri@trenkisabel.law Email: sgengaro@trenkisabel.law About J.F.M. 6090, Inc. J.F.M. 6090, Inc., based in Paterson, New Jersey, operates a Burger King restaurant in Paterson, serving customers through the fast-food chain's hamburger-focused menu, including its flame-grilled Whopper sandwiches and related quick-service restaurant offerings. J.F.M. 6090, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-15123) on May 5, 2026, listing $11,500 in assets and $4,327,288 in liabilities. The petition was signed by Ranjana Jethwa as president. Richard D. Trenk, at TRENK ISABEL SIDDIQI & SHAHDANIAN P.C. serves as the Debtor's counsel. JENK'S BEST: Hires The VersStandig Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- Jenk's Best Living, LLC and PSC Thrive, LLC seek approval from the U.S. Bankruptcy Court for the District of Maryland to employ The VerStandig Law Firm, LLC as counsel. The firm's services include: (a) prepare and file all necessary pleadings, motions, and other court papers, on behalf of the Debtors; (b) negotiate with creditors, equity holders, and other interested parties; (c) represent the Debtors in any adversary proceedings (with the aid of special counsel, where appropriate), contested matters, and other proceedings before this Honorable Court; (d) prepare a plan of reorganization on behalf of the Debtors; and (e) tend to such other and further matters as are necessary and appropriate in the prism of these cases. The firm's hourly rates are as follows: Partners $600 Associate $300 Paralegal $100 Maurice VerStandig, Esq., an attorney at The VerStandig Law 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: Maurice B. VerStandig, Esq. The VerStandig Law Firm, LLC 9812 Falls Road, #114-160 Potomac, MD 20854 Telephone: (301) 444-4600 Email: mac@mbvesq.com About Jenk's Best Living LLC Jenk's Best Living, LLC is a real estate company that owns the THRIVE Jenks apartment community in Jenks, Oklahoma. The company owns and operates multifamily residential real estate. Jenk's Best Living, LLC and PSC Thrive, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case Nos. 26-17758 and 26-17757) on July 19, 2026. In their petitions, the Debtors reported assets of approximately $14.8 million and liabilities of approximately $938.7 million. Judge Michelle M. Harner oversees the case. The Debtors are represented by Maurice Belmont VerStandig, Esq., at The Verstandig Law Firm, LLC. JJ STUCKEY: Gets Interim OK to Use Cash Collateral Until Aug. 31 ---------------------------------------------------------------- JJ Stuckey & Partners, LLC received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral through August 31. Under the fourth interim order, the Debtor is authorized to use cash collateral according to approved budgets covering the period from August 1 to 31, subject to a 10% variance per line item. The Huntington National Bank (as successor to TCF Equipment Finance), First Internet Bank of Indiana (as successor to ApplePie Capital), and National Funding, Inc. may claim liens on the Debtor's cash, operating revenues, and receivables, including funds in pre-petition accounts based on UCC filings. The asserted liens may extend to equipment and other assets that could constitute cash collateral, though their validity and scope remain undetermined and are subject to challenge by the Debtor. As protection, the liens held by secured creditors on their collateral extend to the Debtor's post-petition assets. In addition, the order requires the Debtor to remain current on all post-petition tax obligations and prohibits dispositions of assets outside the ordinary course of business without lender consent and court approval. The order is available at https://shorturl.at/z7GQo The next hearing is scheduled for August 19. JJ Stuckey & Partners operates two Jimmy John's franchise restaurants in Jacksonville, North Carolina: one on Lejeune Boulevard and another on Western Boulevard. Its revenue is derived entirely from restaurant operations. About JJ Stuckey & Partners LLC JJ Stuckey & Partners, LLC operates two Jimmy John's franchise restaurants in Jacksonville, North Carolina. JJ Stuckey & Partners filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02110) on May 8, 2026, with up to $100,000 in assets and up to $10 million in liabilities. Kathleen O'Malley serves as Subchapter V trustee. Judge Joseph N. Callaway oversees the case. George Mason Oliver, Esq., at The Law Offices of George Oliver, PLLC, represents the Debtor as legal counsel. JP DESIGN: Unsecureds to Get $12K per Year over 3 Years ------------------------------------------------------- JP Design & Construction, LLC filed with the U.S. Bankruptcy Court for the Middle District of Tennessee a Plan of Reorganization under Subchapter V dated July 16, 2026. The Debtor is a single-member limited liability company formed in April 2013 that provides full-service general contracting and consulting for residential, commercial, and investment clients. James Philippi is the sole owner and general contractor. He expects to earn approximately $600 per month from the business during the reorganization. While restructuring its general contracting and consulting business, the Debtor intends to focus primarily on mill work services, which are expected to generate approximately $3,000 in monthly revenue. The projected budget includes no employees. The Chapter 11 Plan proposes to repay creditors using income generated from the Debtor's ongoing business operations. The Plan provides for the following categories: Administrative and priority claims, Secured claims, Non-priority unsecured claims, and the Debtor's equity interests. Non-Priority Unsecured Claims (Class 2): Class 2 consists of allowed unsecured claims that are not entitled to priority, including unsecured portions of secured claims, claims arising from rejected executory contracts or unexpired leases, and other qualifying unsecured claims. Although unsecured creditors are estimated to receive $26,121.50 in a hypothetical liquidation, the Plan proposes a higher recovery funded by the Debtor's disposable income. Allowed unsecured claims will receive pro rata distributions through three annual payments of $12,000 each, for a total of $36,000. Payments will begin on the first anniversary of the Effective Date and continue annually thereafter. Total unsecured claims: $855,471.01 Total amount available for unsecured claims under the Plan: $36,000 Plan Funding: The Plan will be funded through income generated from the Debtor's construction business. Property and Ownership: The Debtor will retain all ownership rights in property of the estate. If the Plan is confirmed under Section 1191(a) of the Bankruptcy Code, property of the estate will vest in the Debtor upon confirmation. If confirmed under Section 1191(b) of the Bankruptcy Code, the property will remain in the estate until a discharge is granted. Unless otherwise provided in the Plan, all property will become free and clear of claims, liens, and interests upon confirmation, and the Plan will serve as evidence of the release of liens and encumbrances except for those specifically retained under the Plan. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=cgWjr9 from PacerMonitor.com at no charge. Counsel to the Debtor: Jay R. Lefkovitz, Esq. Lefkovitz & Lefkovitz, PLLC 908 Harpeth Valley Place Nashville, TN 37221 Telephone: (615) 256-8300 Facsimile: (615) 255-4516 Email: jlefkovitz@lefkovitz.com About JP Design & Construction JP Design & Construction, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01911) on Apr. 24, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Judge Charles M. Walker oversees the case. Jay R. Lefkovitz, Esq., at Lefkovitz & Lefkovitz, PLLC, serves as the Debtor's counsel. KAHN PROPERTY: Identifies Potential Chapter 11 Buyer ---------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that Kahn Property Owner, the company that owns a century-old mansion operating as a hotel and event destination, told a New York bankruptcy court Monday, July 27, 2026, that it has identified a prospective buyer for the property. The debtor said negotiations are progressing and could result in a sale that supports its Chapter 11 reorganization efforts. The debtor requested additional time to continue discussions and work toward a definitive purchase agreement. It told the court that the property remains open for business while restructuring efforts continue under bankruptcy protection, according to report. A completed sale would be presented to the bankruptcy court for approval and could provide the funding needed to repay creditors and conclude the Chapter 11 case. The debtor maintains that a negotiated sale offers the best opportunity to preserve the historic estate and maximize value, the report states. About Kahn Property Owner Kahn Property Owner, LLC owns a 22-acre estate at 135 West Gate Drive in Huntington, New York, located in the Gold Coast region of Long Island. The property includes Oheka Castle & Resort, a historic mansion that operates as a restaurant and catering venue hosting weddings, private parties, corporate functions, and other events. Kahn Property holds the real estate, while the Oheka Castle business is operated separately. Kahn Property Owner, LLC in Huntington, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case No. 25-72946) on July 31, 2025, listing $92,813,057 in assets and $63,508,319 in liabilities. Kahn Associates LLC, the Debtor's member, signed the petition. Judge Louis A Scarcella oversees the case. LAMONICA HERBST & MANISCALCO, LLP serve as the Debtor's legal counsel. KOCAK LLC: Seeks Cash Collateral Access Until Oct. 14 ----------------------------------------------------- Kocak, LLC asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection. The Debtor's primary financial distress stems from an approximate $225,000 pre-petition tax lien placed on its accounts by the New York State Department of Taxation and Finance due to unpaid sales taxes on delivery services. To support its ongoing operations, the Debtor projects monthly revenues of approximately $120,000 and requires authorization to spend roughly $118,025 per month on essential operating expenses. Specifically, for the interim period spanning July 15, 2026, through October 14, 2026, the Debtor requests the use of $354,076 in cash collateral in accordance with its proposed operating budget. As adequate protection against the diminution of value of the State's secured interest—which the Debtor notes has minimal liquidation value—the Debtor proposes paying the New York State Department of Taxation and Finance $1,500 per month. Because access to cash collateral is critical to avoiding immediate and irreparable harm to its business, the Debtor requests a preliminary hearing on shortened notice under Bankruptcy Rule 4001(b) and Local Rule 9077-1 (supported by the affidavit of Heath S. Berger). A hearing on the matter is set for September 9, at 2 p.m. A copy of the motion is available at https://urlcurt.com/u?l=9w4Mc2 from PacerMonitor.com. About Kocak LLC Kocak LLC, doing business as Green Streets Salads, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42234) on May 07, 2026, with $100,001 to $500,000 in both assets and liabilities. Judge Jil Mazer-Marino presides over the case. Heath S. Berger, Esq., at BFSNG Law Group, LLP represents the Debtor as bankruptcy counsel. KUSTOM ENTMT: Amends Cycurion Divestiture Deal, Values It at $6.1M ------------------------------------------------------------------ Kustom Entertainment, Inc., on July 23, 2026, executed the Amendment No. 1 and Forbearance / Extension Agreement to its Asset Purchase Agreement with Cycurion, Inc. for the sale of Kustom's legacy video solutions business assets. The upgraded agreement increases the total valuation to $6.1 million, injects immediate non-refundable capital directly into Kustom, and swaps out warrants for high-yield Series H Preferred Stock--all while extending the targeted closing window to Sept. 15, 2026. All conditions precedent under the original agreement have been fully satisfied or waived, with both companies fully aligned to complete the transaction on or before the extended date. The transaction is anticipated to close on Sept. 15, 2026, pursuant to a temporary forbearance and extension of the closing date, subject to the terms and conditions set forth in the Amendment Agreement. As consideration for such an extension, Cycurion has agreed to: (i) make an immediate, non-refundable cash payment to the Company of $250,000 and (ii) replace the 2 million warrants contemplated by the Acquisition Agreement with Series H CYCU preferred stock having an aggregate stated value of $600,000. Key Transaction Upgrades and Financial Terms * Immediate $250,000 Non-Refundable Cash Injection: Cycurion has delivered an immediate $250,000 non-refundable cash payment to Kustom. This upfront liquidity is earned immediately by Kustom and will only credit toward the final purchase price upon closing. * Boosted Valuation to $6.1 Million: Base deal consideration rises to $6.1 million, featuring $1.25 million in total upfront cash (inclusive of the $250k extension payment) and a $4.25 million secured promissory note (36-month term at 7% annual interest). * High-Yield $600,000 Series H Preferred Stock (Replacing Warrants): Kustom has canceled the previously planned 2 million warrants ($2.80 strike price), replacing them with newly created, value-accretive Series H Preferred Stock issued by Cycurion featuring: * a 12.0% Annual Cumulative Dividend, paid quarterly in shares of Cycurion common stock; * $1.45 Conversion Price, convertible into common stock with customary anti-dilution protections; and * Institutional-Grade Protections, including senior liquidation preferences, class voting protections, and registration rights. The Series H Preferred Stock will accrue dividends at a rate of 12.0% per year on the stated value, paid quarterly. Each share of Series H Preferred Stock is convertible into shares of CYCU common stock at a conversion rate equal to the stated value plus accrued dividends divided by $1.45 per share. Optimized Transition Timeline: The Outside Closing Date is extended to Sept. 15, 2026, ensuring an orderly transition for legacy customers while allowing Kustom to capitalize fully on its peak summer/fall event calendar. The Registration Rights Agreement entered into in connection with the Acquisition Agreement is amended by the Amendment Agreement, pursuant to which the registration rights will apply to all shares of CYCU common stock issuable upon conversion of or payment of dividends on the Series H Preferred Stock. Except as expressly modified by the Amendment Agreement, all provisions of the Acquisition Agreement remain unchanged and in full force and effect. In the event of any inconsistency between the Amendment Agreement and the Acquisition Agreement, the Amendment Agreement will control. Executive Leadership Perspective "This upgraded agreement is a win-win: it underscores Cycurion's resolute commitment to acquiring our legacy assets while immediately fortifying Kustom's balance sheet with non-refundable capital and high-yield preferred equity," said Stanton E. Ross, CEO of Kustom Entertainment. "Swapping volatile warrants for 12% dividend-bearing stock creates strong downside protection and direct income yield for our shareholders. Best of all, it allows our team to be 100% focused on scaling our live entertainment engine, expanding our proprietary ticketing platforms, and executing our ambitious festival pipeline." Accelerating Momentum in a $100 Billion Market Divesting the legacy video segment establishes a leaner, agile operating structure designed to capture market share across the global $100 billion addressable live event industry. Kustom's strategic pivot builds directly on the milestone success of its flagship event--the Country Stampede Music Festival, which celebrated its 30th Anniversary in June 2026. Looking ahead to 2027, the festival is officially expanding to Gilley's Park City in Park City, KS (Wichita metro area). The move doubles capacity to 35,000 fans per show and serves as the anchor for more than 20 planned live event days across 2026 and 2027. Background On June 24, 2026, the Company entered into an Asset Purchase Agreement with Cycurion, pursuant to which the Company will sell to Cycurion all assets of the Company relating to the video-solutions division, including the development, sale, licensing, support and servicing of video hardware, camera products, platforms, software and software solutions. The Company shall sell, transfer, convey, assign and deliver to Cycurion all of the Company's right, title and interest in all assets, claims, rights and interests used primarily in or held for the use of the Business. Additional Information A full-text copy of the Amendment Agreement is available at https://tinyurl.com/yc34wbvt About Kustom Entertainment, Inc. Kustom Entertainment, Inc. is a leader in live event production and ticketing technology, specializing in large-scale music festivals and end-to-end event management. Its flagship event, Country Stampede, is held annually during June at the Azura Amphitheater in Bonner Springs, Kansas. The Company also maintains a legacy segment engaged in video solution technology (in-car and body-worn cameras) for law enforcement and security, currently integrating artificial intelligence to enhance its specialized product lines. Houston, Texas-based Victor Mokuolu, CPA PLLC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 10, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company incurred substantial operating losses in the years ended Dec. 31, 2025. The Company incurred operating losses of approximately $10.88 million for the year ended Dec. 31, 2025, and had an accumulated deficit of $144.18 million as of Dec. 31, 2025. As of Dec. 31, 2025, the Company had $19.33 million in total assets, $16.96 million in total liabilities, and $2.37 million in total stockholders' equity. LAW OFFICES OF TRAVIS: Gets Extension to Access Cash Collateral --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, entered a fourth interim order authorizing The Law Offices of Travis R. Walker, P.A.'s use of cash collateral. The court authorized the Debtor to continue using cash collateral through September 30, subject to the approved budget and a monthly variance of plus or minus 10%. The order permits continued operations while preserving protections for secured lenders. As adequate protection, the court granted the Small Business Administration (SBA) and INB, N.A. replacement liens on cash collateral and post-petition property of the same type and character as their prepetition collateral, including proceeds, receivables, products, and profits. These liens maintain the same extent, validity, and priority as the lenders' prepetition interests and are automatically perfected without additional filings. The order specifically excludes avoidance actions and proceeds arising under Bankruptcy Code sections 542 through 550 from the lenders' replacement liens. The order further provides that if use of cash collateral causes a decline in value exceeding the protection afforded by the replacement liens, the lenders receive super-priority administrative claims under section 507(b), subject to a carve-out for fees payable to the United States Trustee and Clerk of Court. The Debtor was also authorized to continue its payments, consisting of $2,512 per month to SBA and $26,806 per month to INB through wire transfer or other electronic payment methods. The Debtor's authority to use cash collateral automatically terminates upon specified default events, including noncompliance with the order, conversion or dismissal of the case, or appointment of a Chapter 11 trustee or examiner. A further hearing is scheduled for September 30. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/wo4kp from PacerMonitor.com. About The Law Offices of Travis R. Walker The Law Offices of Travis R. Walker, P.A. based in Stuart, Florida, provides legal services across multiple practice areas including family law, divorce, probate and estate planning, personal injury, real estate, business litigation, and mass torts. The firm also handles bankruptcy, foreclosure defense, guardianship, appeals, and cases involving human trafficking. It serves clients throughout Florida, focusing on comprehensive legal representation for both individual and business matters. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12448) on February 26, 2026. In the petition signed by Travis R. Walker Esq., managing partner and president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Erik P. Kimball oversees the case. Travis R. Walker, Esq., at The Law Offices of Travis R. Walker, P.A., represents the Debtor as legal counsel. INB, N.A., as lender, is represented by Harris J. Koroglu, Esq., at Shutts & Bowen,LLP, in Miami, Florida. LEISURE INVESTMENTS: Seeks Court OK to Sell Manatees, Dolphins -------------------------------------------------------------- Steven Church of Bloomberg News reports that the professionals overseeing the bankruptcy of The Dolphin Company have asked a Delaware judge to authorize the sale of several of the company's remaining marine parks in Mexico, including the dolphins and other animals living at those facilities. The proposed transaction forms part of the company's effort to liquidate assets and repay creditors through its Chapter 11 case. The aquatic-theme park operator filed for bankruptcy after lenders ousted founder and longtime CEO Eduardo Albor, triggering a court-supervised restructuring. Since the filing, the company has completed sales of parks located in the United States and Europe, leaving its Mexican operations as some of the most valuable remaining assets. The proposed sale would include parks in Cancún and approximately 87 dolphins, together with other marine mammals, the report relays. Ownership of the Mexican parks has been heavily contested throughout the bankruptcy, with Albor and the company's lenders engaged in years of litigation over control of the business. The bankruptcy advisers argue that moving forward with a sale will maximize value for creditors while providing operational certainty for the parks and their employees, according to Bloomberg. Any successful bidder would acquire the assets only after receiving bankruptcy court approval and satisfying applicable regulatory requirements governing marine wildlife and tourism operations. The advisers believe the sale will advance the company's liquidation strategy and help conclude the cross-border insolvency proceedings, the report states. About Leisure Investments Holdings Leisure Investments Holdings LLC and affiliates are operating under the name "The Dolphin Company," manage over 30 attractions, including dolphin habitats, marinas, water parks, and adventure parks, located in eight countries across three continents. Their primary operations are based in Mexico, the United States, and the Caribbean, with locations in Jamaica, the Cayman Islands, the Dominican Republic, and St. Kitts. These attractions are home to approximately 2,400 animals from more than 80 species of marine life, including a variety of marine mammals such as dolphins, sea lions, manatees, and seals, as well as birds and reptiles. As of 2023, the marine mammal population at the Debtors' parks includes roughly 295 dolphins, 51 sea lions, 18 manatees, and 18 seals. Leisure Investments Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case 25-10606) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors tapped Robert S. Brady, Esq., Sean T. Greecher, Esq., Allison S. Mielke, Esq., and Jared W. Kochenash, Esq. as counsels. The Debtors' restructuring advisor is RIVERON MANAGEMENT SERVICES, LLC. The Debtors' Claims & Noticing Agent is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. Leroys Meats: Plan Confirmation Hearing Scheduled for Nov. 9 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Ohio will hold a hearing on Nov. 9, 2026 at 10:00 a.m. before Honorable Mina Nami Khorrami to confirm the Subchapter V Plan of Reorganization of Leroys Meats, LLC and Smoke Ring, LLC. Accordingly, this Court orders, and provides notice, of the following: * August 3, 2026 is fixed as 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. * September 7, 2026 is the last day for creditors and equity security holders entitled to vote on the Plan to submit ballots indicating written acceptance or rejection of the Plan (the "Voting Deadline"). * September 28, 2026 to file and serve, pursuant to Federal Rule of Bankruptcy Procedure 3020(b)(1), written objections to confirmation of the plan. As shared by the Troubled Company Reporter, this Plan provides for the reorganization of Leroys and Smoke Ring under Subchapter V of Chapter 11 of the Bankruptcy Code. The Plan provides for separate treatment of claims against each Debtor and does not substantively consolidate the Debtors' estates. The Plan provides for continued operation of the Debtors' restaurant business, payment of Allowed Administrative Expense Claims and Allowed Priority Tax Claims, treatment of FMB's secured claims, treatment of other secured claims to the extent secured under Section 506(a) of the Bankruptcy Code, distributions to Allowed General Unsecured Claims from projected disposable income, and retention of equity interests by James R. Anderson subject to the requirements of Subchapter V. Class 3A consists of General Unsecured Claims against Leroys. Holders of Allowed Class 3A Claims shall receive pro rata distributions from Projected Disposable Income allocated to Leroys. The Plan projects $16,399.41 for Class 3A, equal to approximately 5.5848% of the currently estimated $293,644.08 ordinary Class 3A pool. The percentage will adjust if Allowed Claims change. FMB is treated in Class 2A. If confirmation occurs under Section 1191(b) of the Bankruptcy Code, the Debtors shall make all additional payments required by Section 1191(c)(2) and Section 5.06 of this Plan. Class 3B consists of General Unsecured Claims against Smoke Ring. Holders of Allowed Class 3B Claims shall receive pro rata distributions from Projected Disposable Income allocated to Smoke Ring. The Plan projects $14,600.59 for Class 3B, equal to approximately 5.5848% of the currently estimated $261,434.97 ordinary Class 3B pool. The percentage will adjust if Allowed Claims change. FMB is treated in Class 2A. If confirmation occurs under Section 1191(b) of the Bankruptcy Code, the Debtors shall make all additional payments required by Section 1191(c)(2) and Section 5.06 of this Plan. The Plan will be funded from ongoing operating cash flow of the Debtors, all Projected Disposable Income, scheduled payments from JRAP on account of FMB loans for which JRAP is already a co-obligor, Anderson's $100,000 HELOC Payment Obligation due on or before November 1, 2026, and a Granville Building sale, refinancing, or auction payment sufficient to pay FMB in full by the full-payment deadline. JRAP has listed the Granville Building for sale under the Granville Listing Agreement. The Granville Building shall be marketed under the Granville Marketing Covenant in Section 5.05: a confidential broker pocket listing during the first twelve months after the Effective Date, followed by a formal MLS listing, prominent on-site signage, and customary public marketing if no Qualifying Refinance Commitment or binding written sale contract is then in place, unless the Granville Auction Backstop is triggered earlier by nonpayment of the HELOC Payment Obligation due FMB on November 1, 2026. Anderson submitted the HELOC application before confirmation and may use any funded proceeds to satisfy the HELOC Payment Obligation, but the obligation is not conditioned on approval, closing, or funding of that HELOC. The Debtors project at least $366,954.07 of Projected Disposable Income over the Plan Term and will apply that amount to Plan payments. The Plan projects a minimum distribution of $31,000.00 to ordinary general unsecured creditors, or approximately 5.5848% of the currently estimated $555,079.05 ordinary unsecured claim pool, subject to the separate-estate allocations and claim adjustments stated in this Plan. A full-text copy of the Amended Joint Plan dated July 9, 2026 is available at https://urlcurt.com/u?l=E42n7f from PacerMonitor.com at no charge. Counsel for the Debtors: Andrew Kamensky, Esq. TAX WORKOUT GROUP, P.A. 175 S. Third Street, Suite 200 Columbus, Ohio 43215 Phone: (888) 282-9333 Fax: (866) 511-2384 Email: akamensky@twg.law A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=flgQlx from PacerMonitor.com. About Leroys Meats LLC Leroys Meats, LLC, doing business as Ray Ray's Hog Pit, operates a family of stationary barbecue food trucks, trailers, and drive thru restaurants across four locations in central Ohio, including Columbus, Westerville, Granville, and Franklinton. Founded in 2009 by chef James Anderson, the Company specializes in hardwood-smoked barbecue, offering pork, beef, and chicken prepared using traditional low-and-slow methods, along with catering and bulk pre-order services for events and holidays. Leroys Meats, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-55609) on Dec. 19, 2025. In its petition, the debtor reported total assets of $428,029 and total liabilities of $1,175,612. Bankruptcy Judge Tiffany Strelow Cobb handles the case. The Debtor is represented by Sean Stone, Esq., at Tax Workout Group, P.A. LIFE CONNECTIONS: Court Extends Cash Collateral Access to Aug. 7 ---------------------------------------------------------------- Life Connections Counseling Services, PLLC received approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to use cash collateral. Under the order, the Debtor is authorized to use its monthly revenues through August 7 to fund operating expenses in accordance with the budget. As a condition of the authorization, the Debtor must remain current on all payroll and employment tax obligations. Employment taxes must be deposited on the same day payroll is made, with proof of the deposit provided to the U.S. Trustee within three business days. The Debtor is also required to timely file all post-petition tax returns, fully fund payroll tax obligations, and submit monthly operating reports in compliance with bankruptcy rules and local procedures. The order preserves the enforcement rights of the U.S. Trustee, providing that any delay or partial exercise of those rights does not constitute a waiver. If the Debtor fails to comply with the order's requirements, the U.S. Trustee or U.S. Attorney may seek a hearing to determine whether the Chapter 11 case should be dismissed or converted to Chapter 7. The court also noted that counsel for U.S. Bank had not yet formally appeared in the case but had indicated agreement to the adequate protection payments outlined in the interim budget. A copy of the court's order and the Debtor's budget is available at https://short.do/_hOveT from PacerMonitor.com. A further hearing is scheduled for August 6. About Life Connections Counseling Services, PLLC Life Connections Counseling Services, PLLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-30239) on Feb. 16, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Suzanne H Bauknight oversees the case. The Debtor is represented by: Thomas Lynn Tarpy, Esq. Tarpy, Cox, Fleishman & Leveille, PLLC Tel: 865-588-1096 Email: ltarpy@tcflattorneys.com LMK CONSTRUCTION: Kathleen DiSanto Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for LMK Construction Inc. Ms. DiSanto will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About LMK Construction Inc. LMK Construction Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50149) on July 22, 2026, with $0 to $50,000 in assets and liabilities. Robert C. Bruner, Esq. at Bruner Wright, P.A. represents the Debtor as legal counsel. LOVE CHURCH: Unsecured Creditors to Split $30K over 3 Years ----------------------------------------------------------- Love Church of Fort Wayne Indiana Inc. filed with the U.S. Bankruptcy Court for the Northern District of Indiana a Plan of Reorganization dated July 17, 2026. The debtor is a nonprofit corporation operating at 1331 East Berry Street, Fort Wayne, Indiana, where church facilities are located in an approximately 49,620-square-foot building titled to Ashar Real Estate, LLC. The church was formed in 1986, is recognized as a 501(c)(3) organization, and is led by Wallace C. Butts, Sr., who serves as lead pastor and president. The COVID-19 pandemic severely disrupted church attendance, fundraising, volunteer participation, and overall ministry operations. Revenues and participation declined significantly, while the substantial costs of maintaining a large mixed-use facility, dormitory housing, vocational programming, transportation support, insurance, staffing, utilities, and ongoing community outreach continued. Despite these efforts, the ministry continued to face mounting financial pressure from legacy debt obligations, property-related expenses, and insurance issues. At the same time, funders, donors, and ministry partners have expressed continued interest in supporting Love Church and helping reestablish its needed presence within the community it serves. As a result, Love Church sought relief under Chapter 11 of the United States Bankruptcy Code so as to preserve remaining ministry operations, maximize the value of ministry assets, address creditor obligations in an orderly and equitable manner, and establish a sustainable path forward for future ministry operations. The debtor lists $1,485,858.22 in unsecured claims on Schedule F. Treatment of Claims Class 2 – SBA Secured Claim * The SBA's allowed secured claim is $16,750. * It will be paid in full over 36 months at 7.5% annual interest, with monthly payments of $521.03 beginning the month after the effective date. * There is no prepayment penalty. * Any unsecured or deficiency portion of the SBA's claim will be treated as a Class 6 unsecured claim. * The SBA's lien will be released after the secured claim is fully paid. Class 3 – IRS Secured Claim * The IRS secured claim is treated as $0.00 because of the SBA's priority lien and the avoidability of the IRS lien. * Any IRS claim qualifying as a priority tax claim will be treated under Class 4. * The IRS will not retain any liens on the debtor's assets after confirmation. Class 4 – Priority Tax Claims * Priority tax claims will be paid in full with interest at the applicable Internal Revenue Code rate. * Payments will be made in quarterly installments over 36 months, beginning 90 days after the effective date. * The debtor may prepay these claims without penalty. Class 5 – Weldu Todd * This class includes all claims arising from the litigation between Weldu Todd and the church, including the related appeal. * These claims will be treated as Class 6 unsecured claims. * Weldu Todd will not retain any liens against the debtor or the reorganized debtor after confirmation. Class 6 – Unsecured Claims * This class includes all unsecured claims not otherwise classified, including unsecured portions of other claims and any remaining SBA claims. * Creditors in this class will receive $5,000 every six months during the plan term, for a total of $30,000. * The first payment is due 180 days after the effective date. * Payments will be distributed pro rata by the disbursing agent. * Creditors in this class will not retain liens against the debtor's property. Plan Funding and Operations The plan recognizes potential avoidance claims involving the transfer of the properties at 1331 East Berry Street and 2321 Reynolds Street from Love Church to Ashar Real Estate, LLC. Love Church and Ashar Real Estate, LLC are discussing a possible settlement of those claims, and any proceeds from a resolution are intended to help fund the payments required under the plan. The Bankruptcy Code provides for the Chapter 11 Debtor's retention of property where the value of property (payments) to be distributed under the Plan is not less than the Debtor’s projected disposable income to be received in the three-year period of the Plan. A full-text copy of the Plan of Reorganization dated July 17, 2026 is available at https://urlcurt.com/u?l=8xwjaW from PacerMonitor.com at no charge. Counsel to the Debtor: H. Faith Welch, Esq. Scot T. Skekloff, Esq. HallerColvin PC 444 E. Main St. Fort Wayne, IN 46802 Telephone: (260) 426-0444 Facsimile: (260) 422-0274 Email: fwelch@hallercolvin.com About Love Church of Fort Wayne Indiana Inc Love Church of Fort Wayne Indiana Inc. was founded in 1986 as a multicultural, Christ-centered ministry serving the urban community of Fort Wayne, Indiana. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ind. Case No. 26-10490) on April 20, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Scot T. Skekloff, Esq. at Haller & Colvin, PC serves as the Debtor's counsel. M T J PAINT: Seeks Continued Cash Collateral Access --------------------------------------------------- M T J Paint and Body Shop, Inc. asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to continue using cash collateral and provide adequate protection. The funds generated from the Debtor's operations constitute cash collateral under the Bankruptcy Code and are essential for meeting the Debtor's ordinary course operating expenses. Without immediate access to these funds, the Debtor would be unable to continue operating, resulting in an interruption of its business and a loss of value to the bankruptcy estate. To avoid this outcome, the Debtor seeks approval to continue using the cash collateral under the terms of a proposed budget submitted with the court and requests both interim and final authorization from the court. M T J Paint and Body Shop is a Florida corporation established on September 29, 1998, and operates an automobile paint and body repair business. It employs four full-time workers and supplements its workforce with part-time employees when necessary. There is a single Uniform Commercial Code financing statement filed against the Debtor by the U.S. Small Business Administration on August 7, 2020. The Debtor confirms that it has no factoring arrangement affecting its accounts or receivables. A court hearing is scheduled for August 6. A copy of the motion is available at https://urlcurt.com/u?l=Ej8QiS from PacerMonitor.com. About M T J Paint and Body Shop Inc. M T J Paint and Body Shop Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17476) on June 8, 2026, listing under $1 million in both assets and liabilities. Robert A. Mark oversees the case. The Debtor tapped Ariel Sagre, Esq., at Sagre Law Firm, PA as counsel. MAINE DENTISTRY: Unsecureds to Get Share of Income for 36 Months ---------------------------------------------------------------- Maine Dentistry Portland LLC filed with the U.S. Bankruptcy Court for the District of Maine a Plan of Reorganization with Incorporated Adequate Disclosures dated July 16, 2026. Maine Dentistry Portland LLC is a Maine limited liability company formed on November 14, 2019. It is wholly owned and managed by Dr. Benjamin Lawlor, a licensed dentist. The company operates a dental practice in Portland, Maine, providing preventive, restorative, and cosmetic dental services to both private-pay and insured patients. On December 17, 2025, the Debtor filed for relief under Chapter 11 of the Bankruptcy Code and elected treatment as a Subchapter V small business debtor. The filing stayed enforcement of a state court judgment. On January 6, 2026, the Bankruptcy Court lifted the automatic stay regarding certain premises. Portland Esthetics LLC vacated the space around January 20, 2026, and the landlord was notified. However, the parties dispute whether and when the premises were officially surrendered. The Debtor filed the case to preserve its ongoing dental practice, resolve creditor disputes, and repay creditors over time while continuing operations. The Debtor prepared financial projections based on historical performance and reasonable assumptions about future revenue and expenses. The practice has continued operating during the bankruptcy and is expected to remain stable after plan confirmation. Projected annual gross revenue is approximately $2.9 million, with modest growth over the plan term. Operating expenses include payroll, laboratory fees, supplies, management expenses, rent, utilities, and other normal business costs. The projections also include a salary for Dr. Lawlor, which had not previously been taken but is considered necessary for ongoing management of the practice. After covering operating expenses and debt service, the Debtor expects to generate enough cash flow to fund the plan. Annual plan payments are projected to range from approximately $92,000 in 2026 to approximately $106,000 during the main payment period, with lower payments in the final year. The Debtor also projects positive cash flow throughout the plan and believes the plan is feasible without requiring liquidation or additional financial reorganization. Class Three consists of impaired allowed general unsecured claims. The Debtor will make pro rata distributions of projected disposable income to these creditors through monthly payments for 36 months, beginning on the first business day of the first month after the Effective Date. The claim of Rudolph & Associates, LLC will be allowed only to the extent permitted under applicable bankruptcy law, and the Debtor reserves the right to object to that claim. Class Three creditors are entitled to vote on the plan. Class Four equity interests are unimpaired. The existing equity holder will retain ownership of the Debtor after plan confirmation. Because the class is unimpaired, it is deemed to accept the plan and is not entitled to vote. The Debtor will fund the plan using cash on hand, revenue from continued operation of the dental practice, and any proceeds from legal claims or causes of action that the Debtor or its estate may pursue. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=ZSo0DC from PacerMonitor.com at no charge. Counsel to the Debtor: Laura S. Hopkins, Esq. Law Office of Laura S. Hopkins PO Box 539; Camden, Maine 04843 Email: lhopkins@laurahopkinslaw.com Phone: (207) 358-0658 Fax: (207) 843-3136 About Maine Dentistry Portland Maine Dentistry Portland LLC operates a dental practice in Portland, Maine under the Maine Dentistry brand. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 25-20299) on Dec. 17, 2025, listing up to $50,000 in both assets and liabilities. Judge Peter G. Cary presides over the case. The Debtor tapped the Law Office Of Laura Hopkins as counsel and Arran D. Stevens at ADS Accounting, LLC, as accountant and bookkeeper. MANN & WIFE: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------- Mann & Wife Inc., a California corporation, asks the U.S. Bankruptcy Court for the Central District of California, Riverside Division, for authority to use cash collateral. The Debtor's operates a restaurant business, which is its only source of revenue. Any closure would significantly reduce the restaurant's value, eliminate customer goodwill, disrupt employees and suppliers, and undermine an ongoing effort to sell the business. The Debtor has already received a purchase offer valuing the restaurant's assets at approximately $155,000 and projects monthly cash flow of about $153,000 based on historical operations. Maintaining normal operations during the bankruptcy is the only practical means of preserving value for creditors and maximizing proceeds from a future sale. The U.S. Small Business Administration holds a senior blanket security interest in substantially all of the Debtor's assets under a $500,000 Economic Injury Disaster Loan carrying a 30-year term and 3.75% interest rate. After the loan was referred to Continental Service Group for collection, the SBA asserted a total balance of $671,827, which includes accrued interest and approximately $138,631 in administrative costs that the Debtor disputes. WebBank holds security interests in the restaurant's accounts receivable and payment rights under three loan and security agreements related to the restaurant's Toast point-of-sale financing, with an outstanding balance of $70,752. Meanwhile, the California Department of Tax and Fee Administration claims a lien of $140,448 based on a state tax lien recorded against the restaurant's former owner, Papa Chinos Grill and Greens LLC. The Debtor challenges the validity of this lien, arguing it pertains to taxes incurred before it acquired the business and that it never assumed those liabilities under the purchase agreement. The Debtor seeks authority to use cash collateral pursuant to a detailed 30-day operating budget. Under the proposed budget, the Debtor may deviate by no more than 15% from any individual expense category or total disbursements without obtaining the secured creditors' written consent or further court approval. The Debtor also agrees to provide updated budgets and periodic variance reports to ensure transparency and allow creditors to monitor expenditures throughout the interim period. In support of its request, the Debtor argues that continued operation of the restaurant itself provides adequate protection to the secured creditors because it preserves the going-concern value of the business and prevents deterioration of the collateral. The Debtor emphasizes that without access to cash collateral it would be unable to pay payroll, suppliers, rent, utilities, vendors, and administrative expenses associated with the Chapter 11 case, forcing the restaurant to close immediately. A court hearing will be held on August 6. A copy of the motion is available at https://urlcurt.com/u?l=9ofGlJ from PacerMonitor.com. About Mann & Wife Inc. Mann & Wife, Inc. is the operator of Papachinos Grill and Greens, a fast-casual restaurant at 14501 Ramona Avenue Chino, California. Mann & Wife sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-15702) on July 16, 2026. Judge Scott H. Yun presides over the case. James C. Bastian, Jr., Esq., at Shulman Bastian Friedman Bui & O'Dea LLP, represents the Debtor as legal counsel. MARQUIS STAR: Gets Final OK to Use Cash Collateral -------------------------------------------------- Marquis Star Holding, Inc. received final approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The court granted the Debtor's motion on a final basis, allowing the Debtor to use cash collateral through October 21 in accordance with its 13-week cash flow budget. The Debtor may exceed any individual budget line item by up to 15%, provided that total aggregate expenditures do not exceed the overall budget by more than 10%. The order prohibits the Debtor from making any payments to insiders or affiliates without prior court approval and does not permit the incurrence of additional secured debt without further authorization. As adequate protection, Advia Credit Union, Perfect Gateway Enterprises, Inc., and Bradesco Bank were granted automatically perfected post-petition replacement liens on post-petition cash collateral to the same extent and priority as their valid pre-petition liens. These replacement liens exclude avoidance action proceeds and assets that were not subject to valid prepetition liens, and they remain subordinate to U.S. Trustee fees, unpaid court costs, and Court-approved professional fees. The final order also authorized adequate protection payments of $19,700.43 and $8,465.12 per month to Advia Credit Union for its Wisconsin properties, and $16,531.15 per month to Bradesco Bank for the Miami property. The order remains effective through October 21, unless extended by the court. The order is available at http://bankrupt.com/misc/MarquisStar_CCOrder283.pdf About Marquis Star Holding Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-10660) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities. Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the xompany's chief operating officer. Judge Robert A. Mark oversees the case. The Debtors tapped Linda Leali, PA as bankruptcy counsel; BGV Law PLLC as special counsel; and the Hoffman Eells Group CPAs, PC as accountant. MAZCOTA LLC: Unsecureds to Get Share of Income for 60 Months ------------------------------------------------------------ Mazcota, LLC filed with the U.S. Bankruptcy Court for the Western District of Missouri a Subchapter V Plan of Reorganization dated July 17, 2026. The Debtor operates Ixtapa Fine Mexican Cuisine in Kansas City, Missouri. Mazcota, LLC was formed as a Missouri LLC on January 1, 2019. The business is owned by Victor Esqueda and Alejandro Hernandez. The debtor states that its projected financial condition during the plan period (October 2026 through September 2031) is supported by its monthly budget and financial projections. June's Monthly Operating Report will be available for interested parties to review when considering plan confirmation. The Chapter 11 filing on February 18, 2026 resulted from several factors: * Financial impacts from COVID-19, which led the business to obtain SBA loans. * Overextension of resources due to the operation of Mazcota South, a separate legal entity that operated a restaurant in Kansas. * Operational disorganization, including issues with tax preparation, payroll oversight, and business administration. The debtor states these operations have become more streamlined following the bankruptcy filing. Class 5 (General Unsecured Claims) consists of: * Filed general unsecured claims totaling $178,583.76. * Scheduled unsecured claims for which no proof of claim was filed, totaling $16,834.78. These creditors will receive a pro rata share of the debtor's disposable income after payment of: Administrative expenses; SBA secured claim (Class 1); priority tax claims; and Class 4 rent arrears. Payments to Class 5 will begin no earlier than January 1, 2028, and continue through September 1, 2031. Class 6 (Equity Interest Holders) consists of Alejandro Hernandez and Victor Esqueda. They will retain their ownership interests without modification. Their class is unimpaired and will not vote on the plan. The reorganization plan will be funded entirely through the continued operations of the reorganized debtor, which will continue operating under its existing management. The debtor expects to have approximately $30,000 in cash available from revenues collected during the bankruptcy case, along with ongoing operating income, to make the required payments on the plan's effective date. The debtor commits all projected disposable income during the five-year plan term to creditor payments, with a monthly plan payment of $7,104.23. A full-text copy of the Plan of Reorganization dated July 17, 2026 is available at https://urlcurt.com/u?l=j0XgQe from PacerMonitor.com at no charge. Counsel to the Debtor: Ryan A. Blay, Esq. Jeffrey L. Wagoner, Esq. Errin P. Stowell, Esq. Ryan M. Graham, Esq. Bryan P. Cardwell, Esq. Megan M. Tiede, Esq. Luke Trusdale, Esq. Chelsea Williamson, Esq. W M LAW 15095 West 116th Street Olathe, KS 66062 Telephone: (913) 422-0909 Facsimile: (913) 428-8549 E-mail: blay@wagonergroup.com About Mazcota LLC Mazcota, LLC operates Ixtapa Fine Mexican Cuisine, a restaurant in Kansas City, Missouri. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-50059) on February 18, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge Cynthia A. Norton presides over the case. Ryan A. Blay, Esq., at Wm Law represents the Debtor as bankruptcy counsel. MIRO HOUSE: Seeks Approval to Tap Bookkeeping Repair as Bookkeeper ------------------------------------------------------------------ Miro House Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Bookkeeping Repair LLC as bookkeeper. The firm's services includes: (a) maintain postpetition books and records; (b) code and import transactions; (c) record payroll entries; (d) reconcile bank, credit card, and loan accounts; (e) prepare and review financial statements; (f) prepare and update 13-week cash-flow projections; (g) assist with monthly operating reports and supporting schedules; (h) prepare and update budget-to-actual reporting and financial information relevant to the Debtor's Chapter 11 plan; and (i) provide other bookkeeping and financial reporting services reasonably necessary to administration of the case. The firm proposes to charge $125 per hour for postpetition Chapter 11 services. The firm also proposes approximately 12 hours of bookkeeping cleanup work at $85 per hour concerning the Debtor's records for January 1 through June 18, 2026. Ashley Klein, founder of Bookkeeping Repair, 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: Ashley Klein Bookkeeping Repair LLC 3435 Camino del Rio S., Ste. 322 San Diego, CA 92108 Email: ashley@bookkeepingrepair.com About Miro House Inc. Miro House Inc. provides front of house staffing, front of house management, and unarmed security services. The company serves hospitality, nightlife, hotel, and retail settings through services including guest list management, guest greeting, pedestrian flow management, guest escorting, and host and hostess staffing. Miro House was started in 2005 and has offices in Los Angeles, California and Sydney, Australia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16176) on June 19, 2026. In the petition signed by Miroslav Kubicek, CEO, the Debtor disclosed $779,446 in assets and $2,837,916 in liabilities. Judge Barry Russell oversees the case. The Debtor tapped Laura Portillo, Esq., at Portillo Ronk Legal Team as counsel and Ashley Klein at Bookkeeping Repair LLC as bookkeeper. MIRO HOUSE: Seeks to Tap Porillo Ronk Legal Team as General Counsel ------------------------------------------------------------------- Miro House Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Portillo Ronk Legal Team as counsel. The firm will render these services: (a) advise the Debtor regarding its rights, duties, powers, and responsibilities as a Chapter 11 Debtor; (b) advise the Debtor with respect to the rights and remedies of its bankruptcy estate and the rights, claims, and interests of all parties in interest; (c) represent the Debtor in all hearings and proceedings in the Bankruptcy Court involving its estate and in all related meetings and negotiations with representatives of the creditors and other parties in interest; (d) take all necessary action to protect and preserve the Debtor's estate; (e) take all action necessary to negotiate, prepare, and obtain approval of a Chapter 11 plan and related documents; (f) prepare employment and fee applications for the Debtor's professionals; (g) prepare and file all pleadings and other court filings; and (h) perform all other necessary or otherwise beneficial legal services for the Debtor in connection with the prosecution of this Chapter 11 case. The firm's counsel will be paid as follows: Laura Portillo, Partner $600 Kevin Ronk, Partner $600 Paralegals $125 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $21,738 from Miroslav Kubicek, the chief executive officer and sole owner of the Debtor. Ms. Portillo 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: Laura J. Portillo, Esq. Portillo Ronk Legal Team 5716 Corsa Ave, Suite 207 Westlake Village, CA 91362 Telephone: (805) 203-6123 Facsimile: (805) 830-1717 Email: Attorneys@porttilloronk.com About Miro House Inc. Miro House Inc. provides front of house staffing, front of house management, and unarmed security services. The company serves hospitality, nightlife, hotel, and retail settings through services including guest list management, guest greeting, pedestrian flow management, guest escorting, and host and hostess staffing. Miro House was started in 2005 and has offices in Los Angeles, California and Sydney, Australia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16176) on June 19, 2026. In the petition signed by Miroslav Kubicek, CEO, the Debtor disclosed $779,446 in assets and $2,837,916 in liabilities. Judge Barry Russell oversees the case. The Debtor tapped Laura Portillo, Esq., at Portillo Ronk Legal Team as counsel and Ashley Klein at Bookkeeping Repair LLC as bookkeeper. MOUNTAIN PROVINCE: S&P Upgrades ICR to 'CCC-', Outlook Negative --------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on Canada-based Mountain Province Diamonds Inc. (MPV) to 'CCC-' from 'SD' (selective default), which reflects its view that a default or distressed restructuring is inevitable within the next few months. S&P said, "We also raised our issue-level rating on the company's senior secured second-lien notes due December 2027 to 'CCC-' from 'D'. Our '3' recovery rating reflects our expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a default. "The negative outlook indicates the potential for a downgrade within the next few months if MPV defaults or announces a debt restructuring that we consider to be distressed." MPV recently deferred the interest payment on its senior secured second-lien notes to Dec. 15, 2026, and extended maturities on term loan and working capital facility to Sept. 30, 2026, providing it short-term liquidity relief. MPV continues to be affected by weak rough diamond market conditions, and its liquidity position is constrained due to its upcoming debt maturities and high interest burden. S&P also understands the company is in discussion with its lenders on a possible comprehensive debt restructuring plan. S&P said, "The rating action follows our review of MPV's capital structure, its liquidity position following the recent amendments to its debt obligations, and our expectations for future restructuring actions. Although the company was able to defer interest payments on the notes by six months and extend the maturities of the term loan and working capital facilities by three months, we believe another debt restructuring or interest deferral is inevitable. This reflects our view of MPV's lack of sufficient sources of liquidity to meet its obligations." Over the next several months, MPV is facing significant debt maturities and financial obligations. These include a C$33 million working-capital facility and a US$40 million term loan facility due Sept. 30, 2026. There's also more than C$100 million of payments under in-kind election notices from its joint-venture partner (De Beers Canada Inc.), close to C$50 million of interest on the secured notes in December 2026 (including interest payments since the start of 2025 that have been deferred), and about C$20 million under decommissioning obligations due Sept. 30, 2026. The company had minimal cash on its balance sheet as of March 31, 2026, and no availability under its credit facilities. S&P said, "Moreover, we don't expect any meaningful cash-flow generation in the near term because of challenging diamond market conditions. In our view, MPV remains vulnerable and dependent on improved operating and financial results to service and repay its debt and financial obligations. We believe the company is facing a liquidity shortfall in the near term and is in discussion with its lenders on a possible comprehensive debt restructuring plan. Based on the above factors, we believe a distressed restructuring or default on the company's debt obligations is inevitable." S&P said, "Rough diamond prices averaged about $34 per carat in first-quarter 2026 (down from $60 per carat in 2024) and we expect the prices will continue to remain weak, including the impact from India-U.S. tariffs and the rising market share of cheaper lab-grown diamonds. Still, we expect MPV's 2026 EBITDA will be significantly higher than the C$63 million deficit in 2025, primarily due to higher expected production as per the mine plan." However, debt to EBITDA will remain elevated at about 6x in 2026. MPV's transition to higher-grade NEX kimberlite bodies should improve production and operating cash flow this year compared with 2025. Nevertheless, S&P's cash-flow estimates will remain sensitive to relatively modest changes in its key assumptions. In particular, the diamond market is generally opaque relative to many commodities, and rough diamond prices have historically been volatile. The company relies exclusively on cash flow from its 49% share of the rough diamond production from the Gahcho Kue mine, which exposes it to unexpected operating disruptions. S&P said, "The negative outlook indicates the potential for a downgrade within the next few months if MPV defaults or announces a debt restructuring transaction that we consider to be distressed. "We could lower the rating if MPV announces a debt restructuring that we consider to be distressed or if it misses any principal or interest payments. "We could raise the rating if we no longer view a default scenario as inevitable over the next few months. This could occur if, for instance, the company secures alternative financing that we expect will ease refinancing risk." MVMT LABS: Gets Interim OK for DIP Financing From MNF DIP --------------------------------------------------------- MVMT Labs, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Delaware, to use cash collateral and obtain superpriority debtor-in-possession financing to get through bankruptcy. The DIP facility will be provided by MNF DIP SPV Ltd., an affiliate of Movement Network Foundation. The DIP facility provides a total of up to $5.7 million in multi-draw term loans structured across three phases: (i) $750,000 available after entry of the interim order; (ii) an additional $2.55 million in two disbursements after entry of the final DIP order to cover ongoing administrative expenses, independent contractors, and wind-down operations under a four-month approved DIP budget; and (iii) a $2.4 million final draw (plus any unused balance from the initial $3.3 million) available upon Subchapter V plan confirmation. The exit funds will establish and capitalize a litigation trust tasked with pursuing estate causes of action against former officers, directors, advisors, and third parties responsible for the market-making irregularities. Crucially, interest and fees under the facility are paid-in-kind rather than in cash prior to a maturity event, easing short-term liquidity demands. To secure the Debtor's DIP obligations, MNF will be granted first-priority senior secured liens on unencumbered assets, junior liens on assets subject to permitted prior liens, and superpriority administrative expense claims, subject to a carveout. The order is available at http://bankrupt.com/misc/MVMTLabs_DIPOrder33.pdf The court scheduled a final hearing for August 27 and set an August 20deadline for filing objections. Founded in 2023, MVMT Labs developed and licensed intellectual property and software associated with the "Movement Network" and the launch of the $MOVE token under a pre-petition Tripartite IP Licensing and Services Agreement with the Movement Network Foundation and Movement Limited. Following the December 2024 launch of the $MOVE token, significant market-making irregularities and public controversies emerged -- allegedly involving former leadership and third parties -- causing the token's price to plummet by nearly 99% and severely constraining Labs's liquidity. To mitigate these liabilities and preserve value, the Debtor previously executed the "Fenix Agreement" with Movement Network Foundation and Movement Limited, under which Movement Network Foundation paid $6.9 million (including $1 million in loan forgiveness) to the Debtor and agreed to honor certain "Valid Token Delivery Obligations" under Simple Agreements for Future Equity and Warrants in exchange for the Debtor's remaining intellectual property. Currently, the Debtor holds no operating assets and retains no full-time employees, operating primarily to wind down its affairs, support token delivery obligations, and investigate potential litigation claims regarding the market irregularities. MNF, as DIP lender, is represented by: Young Conaway Stargatt & Taylor, LLP Kenneth J. Enos, Esq. 1000 North King Street Wilmington, DE 19801 Telephone: (302) 571-6600 Facsimile: (302) 571-1253 kenos@ycst.com -and- -and- Allen Overy Shearman Sterling US, LLP Fredric Sosnick, Esq. William S. Holste, Esq. Alyse Geiger, Esq. 599 Lexington Avenue New York, NY 10022 Telephone: (212) 848-4000 fsosnick@aoshearman.com william.holste@aoshearman.com alyse.geiger@aoshearman.com About MVMT Labs Inc. MVMT Labs Inc. is a San Francisco, California-based blockchain financial technology (FinTech) company focused on developing Web3 infrastructure and blockchain solutions. The company previously developed the Movement Layer 2 blockchain and was once valued at a reported $3 billion before halting development amid regulatory scrutiny, litigation and internal leadership disputes. The company is currently focused on restructuring while addressing a federal investigation and related legal matters. MVMT Labs Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11113) on July 15, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Hon. Thomas M. Horan is overseeing the case. The Debtor is represented by Sameen Rizvi, Gregory Joseph Flasser and Jeremy W. Ryan of Potter Anderson & Corroon LLP. NORTH ATLANTA HOME: Gets Extension to Access Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, entered a second interim order authorizing North Atlanta Home Services Inc. to use cash collateral. The Debtor is authorized to use cash collateral from July 20 through August 11 in accordance with its budget. The interim period may be extended by further order of the Court. The Debtor identified several creditors that may claim security interests in its cash collateral. First Citizens Bank and Trust Company is believed to hold the senior secured position based on a UCC-1 financing statement filed in January 2023. Several merchant cash advance lenders including Fox Funding Group, Sampson MCA LLC, and Vox Funding, LLC also claim liens on the Debtor's cash collateral through UCC financing statements filed by their servicing agent, CT Corporation. Because these filings were made through the servicer, the Debtor stated that it cannot presently determine the relative priority among the MCA lenders, although it believes their liens were recorded after First Citizens' filing. The Debtor acknowledges that certain business revenues may constitute cash collateral under section 363 of the Bankruptcy Code and believes these lenders may assert interests in those funds, although it is unaware of any additional creditors claiming such interests. As adequate protection, creditors holding valid pre-petition security interests were granted automatically perfected replacement liens on post-petition assets of the same type and priority as their pre-petition collateral. These replacement liens do not extend to proceeds from Chapter 5 avoidance actions. The order also preserves all parties' rights to dispute the validity, priority, or enforceability of any asserted liens or claims in future proceedings. A copy of the court's order is available at https://shorturl.at/ZEL4k from PacerMonitor.com. The court scheduled the final hearing for August 11. About North Atlanta Home Services Inc. North Atlanta Home Services Inc. is a Winder, Georgia-based provider of outdoor lighting installation and maintenance services. North Atlanta Home Services Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. not provided) on June 25, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by William A. Rountree, Esq. of Rountree Leitman Klein & Geer, LLC. OCEAN PARKWAY: Plan Exclusivity Period Extended to Nov. 4 --------------------------------------------------------- Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the Eastern District of New York extended Ocean Parkway BH 26 LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Nov. 4, 2026 and Jan. 7, 2027, respectively. As shared by Troubled Company Reporter, the Debtor explains that an extension of the exclusive periods will give the Debtor a reasonable opportunity to negotiate the resolution of the claims filed in this case. The Debtor claims that the requested extensions of the exclusivity period to file a plan and disclosure statement will not harm any economic stakeholder. Rather, the time will be used to negotiate a resolution of claims filed in this case, in order to propose feasible plan and disclosure statement, meeting requirements of Section 1125 of the Bankruptcy Code. The Debtor believes that sufficient cause exists to support the requested extension of the exclusive periods. The Debtor asserts that the extension of the exclusivity periods will enable the Debtor to harmonize the diverse and competing interests that exist and seek to resolve any conflicts in a reasoned and balanced manner for the benefit of all parties in interest. Ocean Parkway BH 26 LLC is represented by: Alla Kachan, Esq. LAW OFFICES OF ALLA KACHAN P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About Ocean Parkway BH 26 LLC Ocean Parkway is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). The Debtor is the owner of real property located at 2105 Ocean Parkway, Brooklyn, NY 11223 having an appraised value of $9.8 million. Ocean Parkway BH 26 LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-40210) on Jan. 17, 2024. In the petition signed by Salomao Laniado as manager, the Debtor disclosed $9,802,500 in assets and $5,387,703 in liabilities. Judge Nancy Hershey Lord presides over the case. Jonathan S. Pasternak, at DAVIDOFF HUTCHER & CITRON LLP, is serving as the Debtor's counsel. OCEAN POWER: Launches $20 Million ATM Offering with H.C. Wainwright ------------------------------------------------------------------- Ocean Power Technologies, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 27, 2026, it entered into an at the market offering agreement with H.C. Wainwright & Co., LLC, pursuant to which the Company may offer and sell shares of its common stock, par value $0.001 per share, having an aggregate offering price of up to $20 million, to or through Wainwright, as sales agent, from time to time, in an "at the market offering" (as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended) of the Shares. According to the Company, shares may be sold in the ATM Offering by any method deemed to be an "at the market offering." Under the Sales Agreement, Wainwright will also be able to sell shares of Common Stock by any other method permitted by law, including sales made directly on or through NYSE American, the existing trading market for the Company's common stock, or any other existing trading market in the United States for our common stock, sales made to or through a market maker other than on an exchange or otherwise, directly to the Sales Agent as principal, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing market prices. Upon delivery of a placement notice and subject to the terms and conditions of the Sales Agreement, Wainwright is required to use its commercially reasonable efforts consistent with its normal trading and sales practices, applicable state and federal law, rules and regulations, and the rules of the NYSE American to sell the Shares from time to time based upon the Company's instructions, including any price, time or size limits specified by the Company. Wainwright is not under any obligation to purchase any of the Shares on a principal basis pursuant to the Sales Agreement, except as otherwise agreed by Wainwright and the Company in writing and expressly set forth in a separate terms agreement. Wainwright's obligations to sell the Shares under the Sales Agreement are subject to satisfaction of a number of certain conditions that we must meet. The Company is not obligated to make any sales of Shares under the Sales Agreement and any determination by the Company to do so will be dependent, among other things, on market conditions and the Company's capital raising needs. The Company will pay Wainwright commissions for its services in acting as its sales agent in the sale of the Shares pursuant to the Sales Agreement. Wainwright is entitled to compensation at a commission rate of 3.00% of the aggregate gross proceeds from the sale of the Shares on the Company's behalf pursuant to the Sales Agreement. The Sales Agreement contains representations, warranties and covenants that are customary for transactions of this type. In addition, the Company has provided Wainwright with customary indemnification and contribution rights. The Company has also agreed to reimburse Wainwright for certain specified expenses, including the expenses of counsel to Wainwright in an amount not to exceed $50,000, in addition to fees for periodic diligence updates. The offering of the Shares pursuant to the Sales Agreement will terminate upon the termination of the Sales Agreement by Wainwright or the Company, as permitted therein. The Shares will be issued pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-275843), filed with the Securities and Exchange Commission on Dec. 1, 2023, and declared effective by the SEC on Dec. 12, 2023. The Company filed a prospectus supplement, dated July 27, 2026, with the SEC in connection with the offer and sale of the Shares pursuant to the Sales Agreement. Full-text copies of the Sales Agreement and the legal opinion and consent of Porter Hedges LLP relating to the Shares being offered are available at https://tinyurl.com/yd79c66s and https://tinyurl.com/yc7yy7vf, respectively. About Ocean Power OPT -- 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. ONYX SWNG: Seeks to Hire James J. Rufo as Bankruptcy Counsel ------------------------------------------------------------ Onyx SWNG, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ The Law Office of James J. Rufo as its counsel. The firm's services include: (a) advise the Debtor concerning the conduct of the administration of this bankruptcy case; (b) prepare all necessary applications and motions as required under the Bankruptcy Code, Federal Rules of Bankruptcy Procedure, and Local Bankruptcy Rules; (c) prepare a plan of reorganization; and (d) perform all legal services that are necessary for the administration of the case. The firm's hourly rates are as follows: James J. Rufo, Esq., Attorney $550 Paraprofessionals $250 The firm received a total pre-petition retainer payment from the Debtor in the amount of $21,738. Mr. Rufo disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: James J. Rufo, Esq. The Law Office of James J. Rufo 222 Bloomingdale Road, Suite 202 White Plains, NY 10605 Telephone: (914) 600-7161 Email: jrufo@jamesrufolaw.com About Onyx SWNG LLC Onyx SWNG, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42838) on June 10, 2026, listing up to $50,000 in assets and up to $10 million in liabilities. Saqif Noor, managing member, signed the petition. Judge Jil Mazer-Marino oversees the case. The Law Office of James J. Rufo serves as the Debtor's counsel. OSTENDO TECHNOLOGIES: Hires Bachecki Crom & Co. as Accountant ------------------------------------------------------------- Ostendo Technologies, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Bachecki, Crom & Co., LLP as accountant. The firm will assist the Debtor in preparing its tax returns. The firm has agreed to charge a flat fee of $43,000 for this engagement. The hourly rates of the firm's professionals are as follows: Partners and Senior Advisors $425 - $650 Senior Accountants $375 - $490 Junior Accountants $140 - $370 In addition, the firm will seek reimbursement for expenses incurred. Kimberly Lam, a partner at Bachecki, Crom & Co., 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: Kimberly Lam Bachecki, Crom & Co., LLP 400 Oyster Point Blvd., Suite 106 South San Francisco, CA 94080 Telephone: (415) 398-3534 Facsimile: (415) 788-0855 Email. bachcrom@bachcrom.com About Ostendo Technologies Inc. Ostendo Technologies, Inc. develops advanced display and imaging technologies, including micro-LED and quantum photonic imagers. It operates in the semiconductor sector and maintains facilities in California. Ostendo Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11111) on June 24, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor tapped Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik, LLP as legal counsel; Sherwood Partners, Inc. as restructuring advisor; and Bachecki, Crom & Co., LLP as accountant. PALM GREENS: Trustee Hires Cimo Mark and Furr & Cohen as Counsel ---------------------------------------------------------------- Robert Furr, the trustee appointed in the Chapter 11 case of Palm Greens at Villa Del Ray Recreation Condominium Association, Inc., seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Cimo Mark PLLC and Furr & Cohen, PA as co-special litigation counsel. The firms will assist and advise the trustee solely related to the investigation and, if appropriate, prosecution of litigation claims. The firms will be compensated on a 40 percent contingency fee to be calculated based upon gross monetary recoveries or the amount of value provided to the estate with the firms to allocate such fee 75 percent to Cimo Mark and 25 percent to Furr & Cohen, plus reimbursement. David Cimo, Esq., a shareholder at Cimo Mark, and Robert Furr, a partner at Furr & Cohen, disclosed in court filings that the firms are "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached through: David C. Cimo, Esq. Cimo Mark PLLC 255 Alhambra Circle Coral Gables, FL 33134 - and - Robert C. Furr, Esq. Furr & Cohen, PA 2255 Glades Road, Suite 419A Boca Raton, FL 33431 About Palm Greens at Villa Del Ray Recreation Condominium Palm Greens at Villa Del Ray Recreation Condominium oversees recreational amenities and common property for a residential condominium community in Florida. The Debtor filed for protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11060) on January 28, 2026, listing $10 million to $50 million in both assets and liabilities. Judge Erik P. Kimball oversees the case. The Debtor tapped the Law Office of Mark S. Roher, PA as counsel and PM Accounting Services LLC as accountant. Robert C. Furr is appointed as trustee in this Chapter 11 case. He tapped Cimo Mark PLLC and Furr & Cohen, PA as special litigation counsel. PALOMAR HEALTH: S&P Affirms 'CCC+' Long-Term ICR, Outlook Negative ------------------------------------------------------------------ S&P Global Ratings affirmed its 'CCC+' long-term rating on the California Municipal Finance Authority's revenue bonds and certificates outstanding issued for Palomar Health (Palomar) and its 'CCC+' long-term rating and underlying rating (SPUR) on Palomar's general obligation (GO) bonds and removed the rating from CreditWatch, where it had been placed with negative implications on Oct. 10, 2025. The outlook is negative. S&P said, "The negative outlook reflects our view that Palomar has limited financial flexibility to absorb operational or execution risks given unrestricted reserves remain extremely thin, providing no cushion. Although we view the execution of the joint powers agreement (JPA) with UC San Diego Health (UCSDH) favorably as it provides meaningful financial and operating commitment to Palomar over the medium term with some resolution on near-term debt acceleration risks, there are still some execution risks related to liquidity challenges that we expect to continue over the near-term. "The negative outlook reflects our view that Palomar has limited financial flexibility to absorb operational or execution risks despite the recently executed JPA with UCSDH. While we expect all debt service payments to be made over the next year and view the affiliation as strategically beneficial over the medium-to-long term, unrestricted reserves remain extremely thin, providing little to no cushion." A negative rating action could follow management's inability to meet financial targets (including timely receipt of IGT payments enabling it to meet bond covenants) and fulfill strategic objectives, further deterioration of operating metrics, or increasing dependence on outside lines of credits and loans. New debt or larger-than-expected capital plans resulting in financial pressure could also result in a negative outlook or lower rating. S&P said, "Given the extremely weak financial position, we view a higher rating as unlikely. We could revise the outlook to stable with a trend of break-even operating performance and growing reserves, reduced reliance on the line of credit, and fulfillment of bond covenants." PANCAKES R US: Seeks to Tap Michael Jay Berger as General Counsel ----------------------------------------------------------------- Pancakes R Us seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ the Law Offices of Michael Jay Berger as counsel. The firm's services include: (a) communicate with creditors of the Debtor; (b) review the Debtor's Chapter 11 bankruptcy petition and all supporting schedules; (c) advise the Debtor of its legal rights and obligations in bankruptcy proceeding; (d) work to bring the Debtor into full compliance with reporting requirements of the Office of the United States Trustee; (e) prepare status reports as required by the Court; and (f) respond to any motions filed in the Debtor's bankruptcy proceeding. The firm will be paid at these hourly rates: Michael Jay Berger, Attorney $695 Sofya Davtyan, Partner $645 Kevin Ronk, Attorney $595 Laura Portillo, Attorney $595 Robert Poteete, Associate $475 Senior Paralegals and Law Clerks $275 Paralegals $200 On May 26, 2026, the firm received a retainer of $25,000 and $1,738 filing fee from the Debtor. Mr. Berger disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael Jay Berger, Esq. Law Offices of Michael Jay Berger 9454 Wilshire Blvd., 6th Floor Beverly Hills, CA 90212 Telephone: (310) 271-6223 Facsimile: (310) 271-9805 Email: Michael.Berger@bankruptcypower.com About Pancakes R Us Pancakes R Us is a full-service breakfast restaurant chain specializing in pancakes, waffles, crepes, omelets, and other breakfast favorites. The company also offers gluten-free, vegan, and multigrain menu options and operates restaurants in Pomona, Montclair, Costa Mesa, and Rancho Palos Verdes. Pancakes R Us sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16493) on June 29, 2026. In its petition, the Debtor reports estimated assets of $50,001 to $100,000, estimated liabilities of $100,001 to $500,000. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by the Law Offices of Michael Jay Berger. PAP-R PRODUCTS: Court Extends Cash Collateral Access to Oct. 31 --------------------------------------------------------------- Pap-R Products Company received another extension from the U.S. Bankruptcy Court for the Southern District of Illinois to use cash collateral. The eighth interim order extended the Debtor's authority to use cash collateral through October 31 to pay the expenses set forth in its budget, subject to a 10% variance. The budget projects total operational expenses of $311,150 for August; $331,800 for September; and $345,500 for October. Based on the latest budget, the Debtor anticipates maintaining positive cash flow each month. The Debtor has secured obligations to its primary lenders, First Neighbor Bank and Advantage Capital. The Debtor owes $1.6 million to First Neighbor Bank, which asserts a first-priority lien on substantially all assets (excluding a second-priority position on equipment), and approximately $1.8 million to Advantage Capital, which holds a second-priority lien on most assets (and a first-priority position on equipment); both lenders also hold liens on certain real property leased by the Debtor from Ware Resources, LLC, with their relative priorities governed by a November 19, 2021 Intercreditor Agreement. As protection for the use of their cash collateral, First Neighbor Bank and Advantage Capital were granted a replacement lien on all post-petition assets of the Debtor, with the same validity, extent and priority as their respective pre-bankruptcy liens. The order also authorizes monthly adequate protection payments of $6,666.66 to First Neighbor Bank and $10,000 to Advantage Capital on the 17th of each month. Events of default under the order include trustee appointment, case conversion or dismissal, noncompliance with budget or reporting, and improper payments. During the term of the order, the Debtor must not sell collateral, grant new liens, or transfer assets outside of the budget. The next hearing is set for October 27, with objections due by Oct. 20. The eighth interim order is available at https://h1.nu/1Azlc from PacerMonitor.com. About Pap-R Products Company Founded in 1947, PAP-R Products specializes in a wide range of coin and currency wrapping solutions. The Company's product lineup includes flat coin wrappers, automatic coin rolls, currency bands, and specialized wraps for items such as napkins and canceled checks. All products are crafted from high-quality Kraft paper and adhere to ABA standards when applicable. The company also offers custom imprinting services for most products, excluding basic bill bands and storage boxes. Pap-R Products Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 25-60040) on March 3, 2025, listing up to $50 million in both assets and liabilities. The petition was signed by Kenneth Scott Ware as president. Larry E. Parres, Esq., at Lewis Rice LLC, serves as the Debtor's counsel. PARADISE LAND: Gets Final OK to Use Cash Collateral --------------------------------------------------- Paradise Land, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Alabama, Northern Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral solely to pay the administrative expenses of the bankruptcy estate. The cash collateral consists of rental income from the Kerri Lane property, which secures three promissory notes held by the bankruptcy estates of ILS Income Fund I, LP and ILS Growth Fund I, LP. The notes have original principal amounts of $1,105,000, $300,000, and $195,000, respectively, and are administered by Ronald J. Sommers, Chapter 7 Trustee (the ILS Trustee). As adequate protection, the Debtor is required to make monthly payments of $5,824 to the ILS Trustee. The payments for May and June 2026 must be made within two business days of the order, while future payments are due by the 7th day of each month and will be applied to the Debtor's obligations under the applicable loan documents. The Debtor is also required under the court order to execute all documents necessary to implement the agreement with the ILS Trustee. The provisions of the order are binding on the Debtor, its estate, creditors, the ILS Trustee, and any future trustee or successor. A copy of the court's order is available at https://short.do/TKGtF6 from PacerMonitor.com. About Paradise Land LLC Paradise Land LLC operates Paradise Homes Park, a residential mobile home park in Boaz, Alabama that provides lots and mobile home housing with common areas, security cameras, designated storage, and enclosed space. The community also offers water, sewer, and electricity connections, paved roads, and housing financing arrangements through Zippy Home Loans and Triad Financial Services. Paradise Land LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-80915) on April 21, 2026, listing $2,268,238 in assets and $1,983,478 in liabilities. The petition was signed by Anthony D. Moreno Bernabel as partner. Judge Clifton R Jessup Jr presides over the case. Stuart Maples, Esq. at THOMPSON BURTON PLLC represents the Debtor as counsel. PARKWAY CENTER: L. Todd Budgen Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for Parkway Center LLC. Mr. Budgen 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. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About Parkway Center LLC Parkway Center LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05468) on July 21, 2026, with $1,000,001 to $10 million in assets and liabilities. John Andrew Braithwaite, Esq. at Braithwaite & Associates, PA represents the Debtor as legal counsel. PERFECT CHOICE: Plan Confirmation Hearing Scheduled for Sept. 9 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida will hold a hearing on Sept. 9, 2026 at 2:00 p.m., before Honorable Erik P. Kimball to confirm the Plan of Reorganization of Perfect Choice Roofing, Inc. The following deadlines apply with respect to the confirmation hearing and hearing on fee applications: * August 14, 2026 is the deadline for filing and serving fee applications. * August 26, 2026 is the deadline fo filing ballots accepting or rejecting the Plan. * August 26, 2026 is the deadline for filing objections to confirmation of the Plan. * September 3, 2026 is the deadline for filing local form Subchapter V ballot tabulation and confirmation certificate. As shared by the Troubled Company Reporter, disposable income projections show estimated the Disposable Income Sum available to general unsecured creditors over 36 months following the Effective Date. Class 6 consists of General Unsecured Claims. Holders of Allowed Claims will receive a pro rata distribution of the Disposable Income Sum as follows: (a) $1,000 on the Effective Date; (b) $9,000 on the first anniversary of the Effective Date; (c) $25,000 on the second anniversary of the Effective Date; and (d) $25,000 on the third anniversary of the Effective Date. Additionally, any funds recovered through Avoidance Actions (less legal fees and costs incurred in pursuing such Avoidance Actions) will be distributed to creditors pro rata within 60 days of receipt by the Debtor. Class 6 is impaired and entitled to vote. Class 7 consists of Equity Interests. Peter Vargas, the holder of 100% of the equity interests of the Debtor. Mr. Vargas will retain his equity interest in the Debtor in the same proportion held as of the Petition Date. After confirmation of the Plan, and under the Confirmation Order, the Debtor may take all necessary steps, and perform all necessary acts, to consummate the terms of the Plan. In addition to the provisions set forth elsewhere in the Plan, the following shall be the means for implementation of the Plan. The payment of general unsecured claims will come from income generated by the Debtor's business operations as a roofing company. A full-text copy of the Plan of Reorganization dated July 9, 2026 is available at https://urlcurt.com/u?l=3T4D9J from PacerMonitor.com at no charge. Counsel to the Debtor: Michael S. Hoffman, Esq. Lessne Hoffman, PLLC 100 SE 3rd Avenue, 10th Floor Fort Lauderdale, FL 33394 Telephone: (954) 372-5759 Email: mhoffman@lessnehoffman.law A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=JBycNc from PacerMonitor.com. About Perfect Choice Roofing Inc. Perfect Choice Roofing, Inc. is a Pembroke Pines, Florida-based roofing contractor founded in 2017. It serves residential and commercial customers in Miami-Dade, Broward and Palm Beach counties, and provides roof replacement, roof repair and preventive maintenance. Peter Vargas is the president and sole owner. Perfect Choice Roofing sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14538) on April 13, 2026. In the petition signed by Peter Vargas, vice president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Michael Hoffman, at Lessne Hoffman, PLLC, is the Debtor's counsel. PHOENIX CONVERTING: Gets OK to Use Cash Collateral Until Aug. 7 --------------------------------------------------------------- Phoenix Converting, Inc. and affiliated debtors received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through August 7 to fund its operations based on a court-approved budget. The Debtors may use cash collateral up to 110% of each budget line item, provided total expenditures do not exceed 110% of the overall budget. Pre-petition, the Debtors entered into a Main Street Lending Program facility in December 2020 with City National Bank of Florida for an initial $34.4 million principal amount. Following the loan's maturity in December 2025, the lender initiated a state court enforcement action alleging over $34.32 million in outstanding debt secured by substantially all assets across the Debtors (noting a potential UCC-1 lapse for Phoenix). Facing severe liquidity constraints and an inability to secure alternative capital, the Debtors intend to preserve going-concern value to execute an orderly asset sale under Section 363 of the Bankruptcy Code. Pursuant to the interim order, the City National Bank of Florida will be granted adequate protection through replacement liens on all assets of the Debtors, excluding Phoenix, acquired or arising following the petition date, with the same validity, priority and extent as their pre-petition liens. These replacement liens do not apply to claims and causes of action under Chapter 5. As additional adequate protection, the lender will be granted an allowed superpriority administrative expense claim, subject only to the carveout and the professional fees provided in the budget for Debtors' counsel for the interim period. The order is available at http://bankrupt.com/misc/PhoenixConverting_CCorder30.pdf The court scheduled a final hearing for August 5 and set a August 3 deadline for filing objections. City National Bank, as secured lender, is represented by: Randall L. Klein, Esq. Goldberg Kohn Ltd. 55 East Monroe Street, Suite 3300 Chicago, IL 60603 Phone; (312) 201-4000 Randall.Klein@goldbergkohn.com About Phoenix Converting Inc. Phoenix Converting, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-11935) on July 20, 2026. In the petition signed by Steven Boyer, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge David D. Cleary oversees the case. Adam P. Silverman, Esq., at Adelman & Gettleman, Ltd. represents the Debtor as legal counsel. PHOENIX RACK: Has Deal on Cash Collateral Access ------------------------------------------------ Phoenix Rack & Axle, Inc. asks the U.S. Bankruptcy Court for the District of Arizona for authority to use cash collateral and provide adequate protection, in accordance with its agreement with Bell Bank. Prior to the bankruptcy petition, the Debtor obtained an SBA-backed loan from Bell for $1,849,200, secured by a comprehensive lien on all personal property collateral, including cash, accounts, inventory, and equipment. Under the terms of the agreement, the Debtor acknowledges the validity and enforceability of Bell's debt and lien, while Bell consents to the Debtor's use of cash collateral for ordinary and necessary operating expenses through October 31, 2026, or until plan confirmation, in accordance with an agreed budget that allows for up to a 10% aggregate disbursement variance. To provide adequate protection for the use of its collateral, Bell will receive a fully perfected, post-petition replacement lien on all post-petition revenues to the extent the cash collateral diminishes, without requiring additional public filings. The stipulation allows the Debtor to pay professional fees subject to bankruptcy court rules, make ordinary-course payroll payments to insider Stephen Griffin upon final order entry, and mandates that the Debtor make monthly adequate protection payments to Bell starting July. Furthermore, the Debtor must maintain full property insurance naming Bell as an additional insured/loss payee, fulfill standard U.S. Trustee financial reporting obligations, and diligently pursue plan confirmation, while both parties retain their respective rights to object to a plan or a proof of claim without waiving any existing loan defaults or remedies. A copy of the motion is available at https://urlcurt.com/u?l=UxwoQw from PacerMonitor.com. About Phoenix Rack & Axle Inc. Phoenix Rack & Axle, Inc. is a Phoenix, Arizona-based automotive parts remanufacturing company specializing in steering and drivetrain components. It refurbishes rack-and-pinion systems, driveshafts, and gearboxes from its Phoenix production facility. Phoenix Rack & Axle sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-06438) on June 30, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable Chief Judge Madeleine C. Wanslee handles the case. The Debtor is represented by Allan D. Newdelman, Esq., at Allan D. Newdelman PC. PHOENIX RISING: Court Extends Cash Collateral Access to Aug. 4 -------------------------------------------------------------- Phoenix Rising, LLC received second preliminary approval from the U.S. Bankruptcy Court for the Middle District of Florida, to use cash collateral through August 4. Under the second interim order, the Debtor may use cash collateral to pay court-authorized expenses, U.S. Trustee fees, and operating expenses included in the approved budget, with flexibility of up to 10% per budget line item. Additional expenditures may be approved by the SBA within 48 hours of a request, subject to court review if disputes arise. The Debtor projects total operational expenses of $963,874 for the period from June to September. As adequate protection, secured creditors were granted automatically perfected post-petition replacement liens on cash collateral to the same extent, validity, and priority as their prepetition liens. The Debtor must also maintain insurance coverage consistent with its loan and security agreements and continue complying with all debtor-in-possession obligations under the Bankruptcy Code and court orders. The order preserves the rights of parties in interest to seek additional adequate protection or restrictions on cash collateral use and does not limit the U.S. Trustee's authority to appoint a creditors' committee. A continued preliminary hearing is scheduled for August 4. About Phoenix Rising LLC Phoenix Rising, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03978) on May 29, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The petition was signed by David Hugh Rogers s managing member. The Debtor is represented by Jeffrey Ainsworth, Esq. at Bransonlaw PLLC. Andrew Layden serves as Subchapter V trustee for the Debtor. PINE COSMETIC: Jolene Wee Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Jolene Wee of JW Infinity Consulting, LLC as Subchapter V trustee for Pine Cosmetic Inc. Ms. Wee will be compensated at $660 per hour. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Wee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jolene E. Wee JW Infinity Consulting, LLC 447 Broadway 2nd Fl #502 New York, NY 10013 Telephone: (929) 502-7715 Facsimile: (646) 810-3989 Email: jwee@jw-infinity.com About Pine Cosmetic Co. Founded in August 2013, Pine Cosmetic Co. is a distributor and retailer of beauty and skincare products. The company operates Pine Beauty Mall and owns the LeBody USA, La Noubelle, Somisome, and Daly Glow brands, offering a range of cosmetics, skincare products, and beauty essentials through its e-commerce platform. Pine Cosmetic Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43461) on July 17, 2026. In its petition, the Debtor reports estimated estimated assets of $100,000 to $500,000 against liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by John C. Kim, Esq. of The Law Office Of John C. Kim, P.C. PLUTUS PROPERTIES: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Plutus Properties, LLC got the green light from the U.S. Bankruptcy Court for the Western District of Texas, Austin Division, to use cash collateral. At the July 28 hearing, the court authorized the Debtor's interim use of cash collateral and set a final hearing for August 10. The Debtor generates income primarily through monthly rental payments and the sale of residential properties, which constitutes cash collateral of its secured lenders. The secured lenders include Simmons Bank, Kathy Hogan, the Estate of Eugene Bouligny, and Real Fin Fund I, LLC, all of which hold deeds of trust on the Debtor's properties. Although these lenders have security interests in the real estate, no creditor holds a perfected lien on the Debtor's deposit accounts because none complied with the perfection requirements under 11 U.S.C. Section 9.312 of the Texas Business and Commerce Code. The Debtor intends to use the lenders' cash collateral in accordance with its six-week operating budget. The six-week budget projects anticipated income, operating expenses, and beginning and ending cash balances. As adequate protection for the secured lenders, the Debtor offers granting the lenders replacement liens on all categories of estate property to the same extent, validity, priority, and perfection as their pre-petition security interests, but only to the extent those liens are valid, perfected, enforceable, and unavoidable under applicable law. The Debtor believes that this replacement lien package sufficiently protects the lenders against any diminution in the value of their collateral during the bankruptcy process. Plutus Properties employs two third-party property management companies to oversee leasing, rent collection, and routine maintenance, while owner and CEO Matthew Perez manages overall operations, including major repairs, renovations, financing, acquisitions, sales, and property marketing. About Plutus Properties LLC Plutus Properties LLC is an Austin, Texas-based real estate company that owns and manages residential rental properties. Plutus Properties filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11052) on June 1, 2026. In the petition signed by Matthew Perez, managing member, the Debtor disclosed estimated assets of $10 million to $50 million and estimated liabilities of $1 million to $10 million. Judge Christopher G. Bradley presides over the case. Frank B. Lyon, Esq., represents the Debtor as counsel. POPOVICH ENTERPRISES: Gets Extension to Access Cash Collateral -------------------------------------------------------------- Popovich Enterprises, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division, to use cash collateral. The court entered a second interim order authorizing the Debtor to use cash collateral through October 2 to pay operating expenses. The cash collateral is subject to the interests of multiple secured lenders, including the Small Business Administration, Huntington Bank, Clover Capital, LLC, Fora Financial Business Loans, LLC, OnDeck Capital, LLC, and several other lenders. The Debtor projects total monthly operational expenses of $66,302. As adequate protection for any diminution in the value of their pre-petition collateral, the secured lenders will be granted automatically perfected replacement liens on post-petition collateral, with the same validity, priority and extent as their pre-petition liens. These replacement liens exclude avoidance actions and remain subordinate to court-approved professional fees. The court order preserves the rights of parties to challenge the validity, perfection, priority, or amount of any security interests. The Debtor's authority to use cash collateral expires on October 2, unless extended by further order of the court. A copy of the court's order and the Debtor's budget is available at https://short.do/jIWpyd from PacerMonitor.com. A final hearing is scheduled for September 29, 2026, with objections due by September 22, 2026. About Popovich Enterprises LLC Popovich Enterprises, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-60830) on June 2, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Tiiara NA Patton presides over the case. Steven Heimberger, Esq., at Roderick Linton Belfance, LLP represents the Debtor as legal counsel. POYDRAS CENTER: Secured Party Sets Sept. 24 Public Auction ---------------------------------------------------------- 650 Poydras HoldCo, LLC ("Secured Party") will offer for sale at public auction ("Sale") 100% of the limited liability company interests ("Interests") held by Poydras Center Mezzanine, LLC ("Mezzanine Borrower") in Poydras Center, LLC, a Delaware limited liability company ("Pledged Entity"), together with certain rights and property representing, relating to, or arising from the interests, (collectively, "Collateral") as fully described in the Mezzanine Pledge and Security Agreement, dated as of June 7, 2016, made by Borrower in favor of Secured Party ("Pledge Agreement"). The Sale will take place on September 24, 2026 at 1:00 p.m. (ET) in compliance with New York Uniform Commercial Code Section 9-610 both at the offices of Moritt Hock & Hamroff LLP, 1407 Broadway, 39th Fl., New Nork, NY 10018 and virtually via online video conference. The URL address and password for the online video conference will be provided to registered participants. The Sale is being made in connection with the foreclosure on a pledge of the Collateral under the Pledge Agreement, pursuant to which Mezzanine Borrower has granted to Secured Party a first priority lien on the Collateral as collateral for the loan in the original principal amount of $4,400,000.00 ("Mezzanine Loan") from Secured Party to Mezzanine Borrower. It is the understanding of Secured Party (but without representation or warranty of any kind) that: (i) the Mezzanine Loan is in default, (ii) Mezzanine Borrower owns the interests, (iii) the interests constitute the principal asset of Mezzanine Borrower, (iv) Pledged Entity owns certain real property located at 650 Poydras St., New Orleans, LA 70130 ("Property"), (v) the principal assets of the Pledged Entity are the Property and certain related rights, and (vi) the Property is encumbered by a mortgage lien granted by Pledged Entity as security for a mortgage loan ("Mortgage Loan") made pursuant to a certain loan agreement by and between the holder of the Mortgage Loan and the Pledged Entity ("Mortgage Loan Agreement"). An online datasite for the Sale (the "Datasite") is available at the following link: https://rimarketplace.com/listing/129493/office/lafayette-square/la. The Datasite will include certain relevant information that Secured Party possesses concerning Pledged Entity, Mezzanine Borrower, the Loan, and the Mortgage (collectively, "Disclosed Materials") as well as the Terms of Sale for Public Auction relating to the Sale of the Collateral ("Terms of Sale"). Access to such information will be conditioned upon execution of a confidentiality agreement which can be found on the Datasite. No Information provided, whether in the Datasite or otherwise, shall constitute a representation or warranty of any kind with respect to such information, the Collateral of the Sale. Participants are encouraged to review all Disclosed Materials and perform such due diligence as they deem necessary in advance of the Sale. The Collateral is being offered as a single lot, and is being sold strictly on an "AS IS AND WHERE IS" BASIS, AND (i) WITHOUT ANY REPRESENTATIONS OR WARRANTIES (WHETHER EXPRESSED OR IMPLIED) OF ANY KIND MADE BY THE SECURED PARTY (OR ANY OTHER PERSON ACTING FOR OR ON BEHALF OF THE SECURED PARTY), INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO THE EXISTENCE OR NONEXISTENCE OF OTHER LIENS, THE QUANTITY, QUALITY CONDITION OR DESCRIPTION OF THE INTERESTS, THE PROPERTY, AND/OR THE VALUE OF ANY OF THE FOREGOING AND (ii) WITHOUT ANY RECOURSE WHATSOEVER AGAINST THE SECURED PARTY (OR ANY OTHER PERSON ACTING FOR OR ON BEHALF OF THE SECURED PARTY). There are specific requirements for any potential bidder in connection with obtaining information, bidding on Collateral, and purchasing the Collateral, including without limitation complying with the Mezzanine Loan documents, the Mortgage Loan documents, that certain Intercreditor and Subordination Agreement by and between Secured Party and the holder of the Mortgage Loan, the Pledged Entity’s governing documents, and the Terms of Sale. Secured Party reserves the right to seek commercially reasonable information from prospective bidders and require a showing of financial ability from prospective bidders. The Collateral includes unregistered securities under the Securities Act of 1933, as amended ("Securities Act"), and Secured Party reserves the right to restrict participation in the Sale to prospective bidders that represent that the Collateral will not be sold, assigned, pledged, disposed of, hypothecated or otherwise transferred without the prior registration in accordance with the Securities Act and the securities laws of all other applicable jurisdictions, unless an exemption from such registration Is available. Secured Party may, prior to the Sale described herein, assign its right, title and interest in and to the Loan, and in the case of such assignment the assignee shall be considered the "Secured Party" for all purposes hereunder. Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids and terminate or adjourn the Sale to another time, without further notice. All bids (other than credit bids of Secured Party) must be for cash with no financing conditions and the successful bidder must be prepared to comply with the bidding and closing requirements in the Terms of Sale. The winning bidder must pay all transfer taxes, recording fees, stamp duties and similar taxes as may be required to be paid under applicable law in connection with the purchase of the Collateral. Questions may be directed to John Daniels of Newmark at (312) 224-3260 or John.Daniels@nmrk.com. PRINTED MINT: Seeks to Hire Karpinski Bernstein as Accountant ------------------------------------------------------------- Printed Mint LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Karpinski, Bernstein & Adler PLC as accountant. The firm will prepare federal and state income tax returns for the year ending December 31, 2025, including providing any accounting and bookkeeping assistance necessary to prepare those returns. The firm will charge $2,100 for the preparation of tax returns. Other accounting services will be charged at the firm's standard hourly rates: Mitchell Adler, CPA $325 Jason Bernstein, CPA $325 Spencer Bunn, CPA $325 Professional Staff $200 Accounting Staff $100 - $150 Office Staff $90 - $125 In addition, the firm will seek reimbursement for expenses incurred. Mr. Bunn 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: Spencer L. Bunn Karpinski, Bernstein & Adler PLC 255 Alhambra Circle Coral Gables, FL 33134 About Printed Mint LLC Printed Mint LLC provides print-on-demand, branded drop-shipping, fulfillment and white-label customization services for e-commerce businesses. The company produces, packages and ships customizable products, including accessories, apparel, drinkware, home and living products, pet accessories and pet apparel, using print technologies such as dye sublimation, latex printing, direct-to-garment printing and decal transfer. Printed Mint serves brands, creators, retailers, entrepreneurs and other product-based businesses. Printed Mint LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04939) on May 19, 2026, listing $829,358 in assets and $7,253,873 in liabilities. The petition was signed by Christopher J. Ellis as manager. Judge Eddward P. Ballinger, Jr. presides over the case. The Debtor tapped Lamar Hawkins, Esq. at Guidant Law PLC as counsel and Karpinski, Bernstein & Adler PLC as accountant. REMARKABLY MADE: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- Remarkably Made Enterprises, Inc. got the green light from the U.S. Bankruptcy Court for the Western District of North Carolina, Asheville Division, to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral and set a further hearing for September 15. The Debtor needs to use cash collateral to fund its operations while it pursues reorganization. As of the petition date, the Debtor reported approximately $36,000 in bank deposits; inventory valued at about $5,000; and furniture, fixtures, and equipment worth an estimated $6,815. Dogwood State Bank holds what is believed to be a first-priority blanket security interest in substantially all of the Debtor's personal property, securing a pre-petition debt of approximately $483,704. In addition, the Debtor listed roughly $375,000 in unsecured loans and trade debt. The Debtor believes that Dogwood State Bank and other lenders are adequately protected as continued operation of the spa will preserve the business as a going concern and maintain or enhance the value of the collateral. It also expects no decline in the value of its cash and other personal property during the bankruptcy case. As additional safeguard, the Debtor offers the lenders replacement liens on its post-petition assets, with the same priority and extent as their pre-petition liens. About Remarkably Made Enterprises Inc. Remarkably Made Enterprises, Inc. operates under a franchise agreement with Hand and Stone Franchise Corporation. It conducts business under the name Hand and Stone Massage and Facial Spa in Asheville, North Carolina. Remarkably Made Enterprises sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Case. No. 26-10168) on July 17, 2026. In the petition signed by Tina L. Crawford, president, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge George R. Hodges oversees the case. Richard S. Wright, Esq., at Moon Wright & Houston, PLLC, represents the Debtor as legal counsel. REVOLVING KITCHEN: Seeks Cash Collateral Access ----------------------------------------------- Revolving Kitchen-Dallas, LLC asks the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, for authority to use cash collateral and provide adequate protection. Texas Security Bank holds a security interest -- established via a Deed of Trust and Assignment of Leases and Rents dated July 18, 2022 -- in the Debtor's real property, rents, and operator license revenue. Because the Debtor lacks sufficient unencumbered cash as of the petition date, access to this cash collateral is critical to fund daily operations, maintain payroll, preserve vendor and customer relationships, pay professionals, and protect the estate's going-concern value to execute a successful reorganization. To secure this authorization, the Debtor proposes to utilize the cash collateral in strict accordance with the budget covering ordinary-course operating expenses. As adequate protection for any potential diminution in the value of Texas Security Bank's pre-petition collateral, the Debtor offers to grant the bank post-petition replacement liens on its personal property and cash collateral (pursuant to 11 U.S.C. sections 364(c)(2) and (3)), make designated adequate protection payments as outlined in the budget, and maintain ongoing business operations. A copy of the motion is available at https://urlcurt.com/u?l=Dpxg8z from PacerMonitor.com. A court hearing will be held on August 17. About Revolving Kitchen - Dallas LLC Revolving Kitchen - Dallas LLC operates a commercial kitchen and food-service facility in Garland, Texas, providing licensed private kitchen suites, storage, equipment and related services for ghost kitchens, caterers, meal-prep businesses, food trucks and other food producers. Revolving Kitchen - Dallas LLC filed its voluntary petition for Chapter 11 protection (Bankr. N.D. TX., Case No. 26-42387) on May 31, 2026, listing $6,581,200 in assets and $10,532,033 in liabilities. Tyler Sul Shin as managing member of Revolving Kitchen - Dallas LLC, signed the petition. Judge Edward L Morris oversees the case. Robert T DeMarco, Esq. at DEMARCO MITCHELL, PLLC serve as the Debtor's legal counsel. RIDGE BEST: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------ Ridge Best Living, LLC asks the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, for emergency authorization to use cash collateral and provide adequate protection. The Debtor owns a 278-unit multi-family apartment complex located at 3834 N. Oak Grove Dr., Midwest City, Oklahoma, which is managed by an affiliated entity, Vesta Realty, LLC. The Debtor's primary secured lender is Shelter Growth Master Commercial Real Estate Credit Fund A IV LP. According to the declaration of Marc L. Kulick -- the Debtor's top-level supervisor and sole/managing member of its ultimate parent entity -- the property generates positive net operating income before debt service. However, the underlying loan matured on or about January 9, 2026, triggering an unpayable $15 million balloon principal payment. Although the Debtor remained current on monthly interest payments through July 2026 via a lender-controlled lockbox, an extension agreement executed on June 3, 2026, left no further extension options. The filing was precipitated by lender cash restrictions trapping operating revenues, threats of foreclosure/receivership, and a cloud on title created on October 31, 2025, when YSA Investments 1, LLC recorded an unauthorized secondary lien using a pre-petition power of attorney. A search of Oklahoma County lien records also revealed potential secured positions held by Dover Capital, LLC, Palisade Advance, and CHTD Company. Additionally, affiliate Vesta Holdings, LLC previously contributed over $1.5 million in loans and covered expenses via credit card to support the Debtor's operational needs. The Debtor requests emergency authority to use its rental revenues as cash collateral to maintain payroll, management, and general operating expenses. Under the proposal, incoming funds will be deposited into a debtor-in-possession operating account and disbursed according to a 13-week budget (excluding debt service and capital expenditures). The Debtor asks for flexibility to spend up to 110% on individual budget line items, provided total monthly expenditures do not exceed 10% over the monthly budget total, to handle unforeseen operational risks and prevent irreparable harm to the business, employees, and creditors. A copy of the motion is available at https://urlcurt.com/u?l=AG0TQZ from PacerMonitor.com. About Ridge Best Living LLC Ridge Best Living, LLC is a single-asset real estate company whose primary asset is located at 3834 N. Oak Grove Drive in Midwest City, Oklahoma. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33177) on July 15, 2026. In the petition signed by Mark Kulick, authorized signer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Stacey G. Jernigan oversees the case. Joyce Lindauer, Esq., at LINDAUER & VAUGHN, represents the Debtor as legal counsel. RK PARISI: Seeks Cash Collateral Access Thru Aug 28 ---------------------------------------------------- RK Parisi Enterprises, Inc, d/b/a PoshHaus, asks the U.S. Bankruptcy Court for the District of New Hampshire for an interim order authorizing the use of cash collateral nunc pro tunc from the petition date of June 30, 2026, through August 28, 2026. The Debtor needs to use cash collateral to fund ordinary post-petition operating expenses, pay post-petition taxes, and make proposed adequate protection payments according to a submitted 90-day budget. The Debtor attributes its financial distress primarily to market slowdowns and intense competition associated with its primary sales channel, Amazon. Despite previous revenue declines in 2021 and 2023, sales began recovering in 2025, offering a positive outlook for 2026. The filing was triggered when secured creditor IvyRadar initiated foreclosure proceedings against the Debtor’s commercial property at 104 Emerald Street, Keene, NH, alongside personal residence foreclosures involving Mr. Parisi. The Debtor identifies and details the positions, collateral, and proposed adequate protection treatments for various creditors holding real estate or UCC security interests: 1. IvyRadar Lending Fund, LLC: Holds a first-position mortgage on 104 Emerald Street securing a short-term bridge loan (originated October 2024 at a 36.86% interest rate, maturing May 2026) with an asserted claim of approximately $1.1 million. With the underlying real estate valued at roughly $650,000, RKP considers the loan significantly undercollateralized. RKP proposes interim monthly adequate protection payments of $5,625 (the first of which was remitted per a July 17, 2026 court order) while anticipating a plan that bifurcates the claim into an $800,000 or $725,000 secured portion (paying $9,000–$11,000 monthly) and an unsecured remainder. 2. NBT Bank, N.A.: Holds a second-position mortgage, a $330,000 real estate attachment, and a UCC lien covering non-real estate business assets (inventory, equipment, furniture, and vehicles valued at $65,000) against an asserted $325,000 debt. RKP proposes an interim monthly adequate protection payment of $700, expecting the claim to be treated largely as unsecured under a confirmed plan due to IvyRadar's senior position on the real estate. 3. State of New Hampshire Department of Revenue: Holds a $8,075 tax lien recorded in October 2024 for unpaid 2023 business taxes, with total estimated pre-petition tax debt around $12,469. RKP proposes $0 in interim adequate protection but intends to pay the balance in full as a Priority Tax Debt under 11 U.S.C. section 507(a)(8), noting that $8,000 currently held by TD Bank may be turned over for this debt. 4. City of Keene, NH: Holds a recorded $8,740 tax lien from May 2025, with total pre-petition tax liabilities of about $36,000 and post-petition real estate taxes of approximately $9,000. RKP proposes $0 in interim adequate protection, offering full payment of pre-petition obligations as priority claims under its reorganization plan and committing to satisfy post-petition taxes within six months. 5. Krugg Reflections USA, LLC: Holds a $7,431 judicial judgment lien against RKP's real estate recorded in July 2025. RKP proposes $0 in interim adequate protection, asserting that the creditor holds no lien on cash collateral and is fully undersecured behind senior mortgagees. RKP acknowledges all-asset UCC filings held by the U.S. Small Business Administration and various agent representatives, while confirming that Amazon Capital Services' prior UCC filing was terminated in November 2024. To protect these creditors from loss or diminution in value, RKP offers replacement liens on post-petition assets of identical nature and priority to those held prior to the petition date, explicitly reserving all legal rights to challenge the validity, extent, or priority of any creditor's underlying pre-petition liens. The Debtor argues that immediate access to cash collateral is indispensable to maintaining ordinary business operations, preserving entity value, retaining its six employees, and avoiding catastrophic liquidation. A court hearing is scheduled for August 5. A copy of the motion is available at https://urlcurt.com/u?l=Wloz3E from PacerMonitor.com. About RK Parisi Enterprises Inc. RK Parisi Enterprises, Inc. is RK Parisi Enterprises, Inc., doing business as PoshHaus, operates a Keene, NH-based online and showroom/outlet retailer of home products. Founded in 2012 by Robert Parisi, the company offers kitchen and bathroom fixtures, appliances, housewares, furniture, vanities, faucets, lighting fixtures, and accessories. PoshHaus opened its first showroom in Keene, NH, in 2014 and serves home design and furnishing needs for homeowners and professionals. RK Parisi Enterprises, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10581) on June 30, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The petition was signed by Robert M. Parisi, Jr. as president and owner. The Debtor is represented by William J. Amann, Esq. at AMANN BURNETT PLLC. SALT TECHNOLOGIES: Hires Jeremy T. Wood as Bankruptcy Counsel ------------------------------------------------------------- Salt Technologies Inc., doing business as Ageint Security Inc., seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ the Law Office of Jeremy T. Wood, PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its rights, powers, and duties; (b) prepare and file all necessary legal documents; (c) represent the Debtor in connection with the use of cash collateral and any debtor-in-possession financing; (d) prepare, negotiate, and prosecute a plan of reorganization under Subchapter V; (e) prosecute and defend adversary proceedings and contested matters as necessary; (f) assist with general estate administration and compliance with orders of this Court; (g) negotiate with creditors and analyze, object to, or resolve claims; (h) assist the Debtor in complying with monthly operating report requirements and other reporting obligations; (i) represent the Debtor at all hearings, conferences, and meetings; and (j) perform all other legal services necessary for the Debtor to fulfill its duties under the Bankruptcy Code. Jeremy Wood, Esq., the primary attorney in this representation, will be paid at his hourly rate of $350, plus reimbursement. The firm received $20,000 retainer from the Debtor. Mr. Wood disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeremy T. Wood, Esq. Law Office of Jeremy T. Wood, PLLC 2950 North Loop West, Suite 500 Houston, TX 77092 Telephone: (713) 366-1288 Facsimile: (281) 954-3277 Email: Jeremy@JeremyWoodLaw.com About Salt Technologies Inc. Salt Technologies Inc., doing business as Ageint Security Inc., provides custom-designed security solutions for residential and commercial customers. The company offers video surveillance, smart home security, commercial security systems, and fire alarm system design and installation. Ageint Security is based in Conroe, Texas, and serves areas across Texas, including Houston, The Woodlands, Dallas, Fort Worth, Austin, San Antonio, and nearby communities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-34389) on June 23, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Darrell Haynes, president, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Jeremy T. Wood, Esq., at the Law Office of Jeremy T. Wood, PLLC represents the Debtor as counsel. SANGAMO THERAPEUTICS: Court OKs DIP Loan From Future Solution ------------------------------------------------------------- Sangamo Therapeutics, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Delaware, for authority to obtain post-petition financing to get through bankruptcy. The financing is a replacement senior secured superpriority debtor-in-possession credit facility of up to $35 million from Future Solution Investments LLC. The replacement facility is designed to refinance and fully pay off the Debtor's original $30 million postpetition credit facility provided by Northridge ATM, LLC. Following its voluntary filing on June 23, the court authorized an initial $10.5 million draw under the original facility, which carried a 12% interest rate and an exit fee. After further arm's-length negotiations supported by the Official Committee of Unsecured Creditors, the Debtor selected FSI's replacement proposal to secure superior economic terms. The replacement facility provides an increased commitment of up to $35 million, reduces the interest rate to 9% per annum (with a 2% default rate increase), and eliminates commitment, exit, and work fees. Even after factoring in a 5% initial exit fee owed to Northridge ATM, LLC, the replacement facility is projected to net the estate approximately $400,000 in direct financing cost savings while providing greater operational liquidity to pursue its dual-track sale process. Under the terms of the replacement facility, an initial draw of up to $18 million will be made available upon entry of the interim order to immediately satisfy the original DIP obligations, terminate all associated liens, and fund ongoing operations. The remaining funds will become available upon entry of a final order. The loans are secured by first-priority liens under 11 U.S.C. sections 364(c)(2) and 364(c)(3) and superpriority administrative expense claims under section 364(c)(1) covering all unencumbered and encumbered DIP collateral, cash collateral, and deposit accounts. The facility enforces budget compliance monitored through bi-weekly variance reports adhering to a 15% net operating cash flow permitted variance. Additionally, the Debtor outlines customary provisions including expense reimbursement capped at $250,000 prior to default, a carve-out for U.S. Trustee and professional fees, modification of the automatic stay under section 362, waivers of appellate stays under Bankruptcy Rule 6004, and the establishment of a Post-Sale Escrow to hold funds for the benefit of the lender during asset disposition proceedings. The order is available at http://bankrupt.com/misc/SangamoTherapeuticsDIPOrder176.pdf The court scheduled a final hearing for August 20 and set an August 10 deadline for filing objections. Future Solution, as DIP lender, is represented by: YOUNG CONAWAY STARGATT & TAYLOR, LLP Michael R. Nestor, Esq. Robert F. Poppiti, Jr., Esq. 1000 North King Street Wilmington, DE 19801 Telephone: (302) 571-6600 c Facsimile: (302) 571-1253 mnestor@ycst.com rpoppiti@ycst.com -and- KTBS LAW LLP Nir Maoz (pro hac vice pending) N. Tanner Frei (pro hac vice pending) 1801 Century Park East, 26th Floor Los Angeles, CA 90067 Telephone: (310) 407-4000 Facsimile: (310) 407-9090 nmaoz@ktbslaw.com tfrei@ktbslaw.com About American Efficient LLC American Efficient LLC is a Durham, North Carolina-based energy efficiency aggregator specializing in utility incentive and environmental credit programs. The company partners with appliance manufacturers, retailers, utilities, and distributors to identify, verify, and monetize energy savings generated through the sale of high-efficiency products. Its services help clients meet energy conservation goals and comply with state and utility regulatory requirements. American Efficient LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-50296) 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. SANGAMO THERAPEUTICS: Hires Raymond James as Investment Banker -------------------------------------------------------------- Sangamo Therapeutics, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Raymond James & Associates, Inc. as investment banker. The firm's services include: (a) review and analyze the Debtor's business, operations, properties, and financial condition and prospects; (b) evaluate the Debtor's debt capacity, advise generally on the following in connection with any financing transaction: (A) appropriate investment structuring alternatives, (B) an appropriate capital structure, and (C) available financings that meet the foregoing parameters; (c) assist the Debtor in identifying counterparties that Raymond James, after consultation with its management, believes meet certain industry, financial, and strategic criteria; (d) provide marketing and draft input on company materials being prepared by the Debtor's management; (e) within its area of expertise, advise on the business components of transaction documentation; (f) with the prior written consent by the Debtor, contacting prospective counterparties on its behalf; (g) advise the Debtor as to potential Business Combination Transactions; (h) as and if applicable, advise the Debtor on tactics and strategies for negotiating with holders of its securities, debt, and/or other claims; (i) advise the Debtor on the timing, nature and terms of any new Debtor securities, other considerations or other inducements to be offered to its stakeholders in connection with any Restructuring Transaction; (j) assist and advise the Debtor generally on potential alternatives and strategies for any given transaction; (k) participate in the meetings of the Debtor's Governing Authority as determined by the Debtor to be appropriate, and, upon request, provide periodic status reports and advice to the Governing Authority with respect to matters falling within the scope of Raymond James's engagement thereunder; and (l) assist the Debtor in negotiating and structuring a transaction. The firm will be paid at these fees: (a) Monthly Advisory Fee and Database Expense Amount of $100,000 for each of the first two months following the date of the Engagement Letter and $75,000 for each month thereafter (each a "Monthly Advisory Fee"). Additionally, the Debtor will pay Raymond James a flat expense charge of $1,000 on the date thereof for its access to electronic financial databases pertinent to this engagement; (b) Transaction Fees: (i) Financing Fee - will be equal to the sum of (1) two percent (2.0 percent) of the Proceeds of any Debt Instruments, and (2) six percent (6.0 percent) of the Proceeds of any Equity-Equivalents; (ii) Restructuring Fee - will be equal to $2,500,000, which will be paid to Raymond James upon the Closing of any Restructuring Transaction; (iii) Business Combination Transaction Fee - greater of (x) $1,500,000 and (y) an amount based upon the BCT Enterprise Value. If the Business Combination Transaction Value in such BCT is (i) equal to the lesser of $50,000,000 then the Transaction fee will be $1,500,000 (such sum, the "Tier 1 Fee"); (ii) greater than $50,000,000 and less than or equal to $80,000,000 then the Transaction fee will be sum of (a) Tier 1 Fee plus (b) 3.0 percent of the incremental BCT EV in excess of $50,000,000 and less than or equal to $80,000,000 (such sum, the "Tier 2 Fee"); or greater than $80,000,000 then the Transaction Fee will be a sum of (a) Tier 2 Fee plus (b) 4.0 percent of the incremental BCT EV in excess of $80,000,000 (such sum, the "Tier 3 Fee"); (iv) Alternative Transaction Fee - $1,500,000, payable upon the Closing of such Alternative Transaction, time being "of the essence". (c) Transaction Qualifying Under Multiple Definitions; Multiple Transactions: - (i) If a single Transaction qualifies as more than one type of Transaction, only one Transaction Fee will be payable in connection therewith, equal to the largest amount calculated under any applicable Transaction type; and (ii) if there are multiple, discrete, separate Transactions (whether Closed simultaneously or at different times), a separate Transaction Fee will be payable in connection with each, provided that there can be only one Business Combination Transaction and only one BCT Fee, and provided further that, if the multiple, separate Transactions are a Restructuring Transaction and a Business Combination Transaction, only the larger of the corresponding Transaction Fees with respect thereto will be due and payable. In addition, the firm will seek reimbursement for expenses incurred. Geoffrey Richards, a senior managing director at Raymond James & Associates, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Geoffrey Richards Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg, FL 33716 About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor listed assets and liabilities between $100 million and $500 million. Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Cooley LLP as lead bankruptcy counsel and Richards, Layton & Finger, PA as Delaware bankruptcy counsel. MERU, LLC serves as the Debtor's financial advisor and Raymond James & Associates, Inc. is the investment banker. Kurtzman Carson Consultants LLC d/b/a Verita Global is the noticing and claims agent. Orrick, Herrington & Sutcliffe LLP and Morris James LLP are representing the Ad Hoc Group of Equity Holders. SANGAMO THERAPEUTICS: Seeks Approval to Tap Cooley as Lead Counsel ------------------------------------------------------------------ Sangamo Therapeutics, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Cooley LLP as counsel. The firm will render these services: (a) advise the Debtor of its rights, powers, and duties under Chapter 11 of the Bankruptcy Code; (b) prepare, on behalf of the Debtor, all necessary and appropriate legal documents, and review all financial and other reports to be filed in this Chapter 11 case; (c) advise the Debtor with respect to, and assist in the negotiation and documentation of, financing agreements and related transactions; (d) advise the Debtor concerning, and prepare responses to, legal papers that may be filed and served in this Chapter 11 case; (e) review the nature and validity of any liens asserted against the Debtor's property, if any, and advise it concerning the enforceability of such liens; (f) advise the Debtor regarding its ability to initiate actions to collect and recover property for the benefit of its estate; (g) advise the Debtor in connection with any sale of assets and related documents; (h) advise the Debtor in connection with any Chapter 11 plan and related documents; (i) advise and assist the Debtor in connection with any potential property dispositions; (j) advise the Debtor concerning executory contract and unexpired lease assumptions, assignments, and rejections; (k) assist the Debtor in reviewing, estimating, and resolving claims asserted against its estate; (l) commence and conduct litigation necessary or appropriate to assert rights held by the Debtor, protect assets of its estate, or otherwise further the goal of completing any sale of assets and/or Chapter 11 plan; (m) provide corporate, mergers & acquisitions (M&A), employee benefit, litigation, tax, intellectual property, insurance, and other general non-bankruptcy services to the Debtor to the extent requested; and (n) perform all other necessary or appropriate legal services in connection with this Chapter 11 case for or on behalf of the Debtor. The firm's counsel will be paid at these hourly rates: Partners $1,790 - $2,595 Counsel $1,535 - $2,855 Associates $910 - $1,670 Paralegals $240 - $780 Professional Staff $475 - $780 In addition, the firm will seek reimbursement for expenses incurred. On May 29, 2026 and June 18, 2026, the Debtor paid Cooley advance payment retainers in the aggregate amount of $750,000. Cullen Speckhart, Esq., an attorney at Cooley, also provided the following in response to the request for additional information set forth in Section D of the Revised U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition period. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Cooley represented the Debtor during the 12 months prepetition. Cooley charged the Debtor its standard hourly rates during this time. The Debtor will be charged Cooley's standard hourly rates post-petition. Question: Has your client approved your prospective budget and staffing plan and, if so, for what budget period? Answer: Cooley has prepared a staffing plan and budget that covers the time period from June 23, 2026 through October 2, 2026, and has reviewed it with the Debtor. Mr. Speckhart 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: Cullen D. Speckhart, Esq. Cooley LLP 55 Hudson Yard New York, NY 10001 Telephone: (212) 479-6000 Facsimile: (212) 479-6275 Email: cspeckhart@cooley.com About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor listed assets and liabilities between $100 million and $500 million. Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Cooley LLP as lead bankruptcy counsel and Richards, Layton & Finger, PA as Delaware bankruptcy counsel. MERU, LLC serves as the Debtor's financial advisor and Raymond James & Associates, Inc. is the investment banker. Kurtzman Carson Consultants LLC d/b/a Verita Global is the noticing and claims agent. Orrick, Herrington & Sutcliffe LLP and Morris James LLP are representing the Ad Hoc Group of Equity Holders. SANGAMO THERAPEUTICS: Seeks to Hire MERU as Financial Advisor ------------------------------------------------------------- Sangamo Therapeutics, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ MERU, LLC as financial advisor. The firm's services include: (a) assist the Debtor in developing possible restructuring plans or strategic alternatives for maximizing its enterprise value; (b) advise, assist, and/or manage, as appropriate, communications and/or negotiations with outside stakeholders, including lenders, customers, suppliers, and employees; (c) evaluate, augment, or rebuild (if needed) the Debtor's existing 13-week cash flow forecast; (d) assist management with the implementation of cash management initiatives related to the Debtor's obligations; (e) assist management in developing an employee incentive plan for key employees; (f) assist with contingency planning including Chapter 11 preparation; and (g) other activities as are approved by the interim chief financial officer, the responsible officer, or the Board and as agreed to by MERU. The firm will be paid at these following hourly rates: (a) Position: General Partners/Managing Partners $900 - $1,100 Senior Directors/Managing Directors $700 - $900 Vice Presidents/Directors $575 - $700 Analysts/Associates $300 - $575 (a) Position: Data Insights Partners $600 - $750 Sr. Principals/Managing Principal $450 - $600 Principal/Solution Architect $375 - $450 Data Analysts/Analytics Engineer $225 - $375 In addition, the firm will seek reimbursement for expenses incurred. During the 90 days prior to the Petition Date, MERU received $685,825 in payments for services rendered and expenses incurred in connection with the December 2023 Engagement and/or under the Engagement Letter. In addition, on May 29, 2026, MERU received $100,000 pursuant to the Engagement Letter to hold as a retainer. Nick Campbell, a managing partner at MERU, 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: Nick Campbell MERU, LLC 165 Ottley Dr. NE, Suite 150 Atlanta, GA 30324 About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor listed assets and liabilities between $100 million and $500 million. Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Cooley LLP as lead bankruptcy counsel and Richards, Layton & Finger, PA as Delaware bankruptcy counsel. MERU, LLC serves as the Debtor's financial advisor and Raymond James & Associates, Inc. is the investment banker. Kurtzman Carson Consultants LLC d/b/a Verita Global is the noticing and claims agent. Orrick, Herrington & Sutcliffe LLP and Morris James LLP are representing the Ad Hoc Group of Equity Holders. SANGAMO THERAPEUTICS: Taps Richards Layton & Finger as Co-Counsel ----------------------------------------------------------------- Sangamo Therapeutics, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Richards, Layton & Finger, PA as co-counsel. The firm's services include: (a) assist in pre-bankruptcy restructuring matters; (b) prepare necessary legal papers to commence the Chapter 11 case; (c) advise the Debtor of its rights, powers, and duties under Chapter 11 of the Bankruptcy Code; (d) prepare on behalf of the Debtor any legal papers in connection with the administration of its estate; (e) take action to protect and preserve the Debtor's estate; (f) prepare the Debtor's disclosure statement and any related motions, pleadings, or other documents necessary to solicit votes on its Chapter 11 plan; (g) prepare the Debtor's Chapter 11 plan; (h) prosecute on behalf of the Debtor the proposed Chapter 11 plan and seek approval of all transactions contemplated therein and, in any amendments, thereto; and (i) perform all other necessary and desirable legal services in connection with the Chapter 11 case. The firm will be paid at these hourly rates: Daniel DeFranceschi, Director $1,695 Amanda Steele, Director $1,300 Brendan Schlauch, Director $1,200 Nicholas Franchi, Associate $775 Kristin Cunningham, Associate $675 Katherine Strauch, Associate $675 Erin Weyl, Paraprofessional $475 In addition, the firm will seek reimbursement for expenses incurred. The firm received retainer payments from the Debtor totaling $617,944.60. Mr. DeFranceschi 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: Daniel J. DeFranceschi, Esq. Richards, Layton & Finger, PA One Rodney Square, 920 North King Street Wilmington, DE 19801 Telephone: (302) 651-7700 Facsimile: (302) 651-7701 Email: defranceschi@rlf.com About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor listed assets and liabilities between $100 million and $500 million. Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Cooley LLP as lead bankruptcy counsel and Richards, Layton & Finger, PA as Delaware bankruptcy counsel. MERU, LLC serves as the Debtor's financial advisor and Raymond James & Associates, Inc. is the investment banker. Kurtzman Carson Consultants LLC d/b/a Verita Global is the noticing and claims agent. Orrick, Herrington & Sutcliffe LLP and Morris James LLP are representing the Ad Hoc Group of Equity Holders. SANGAMO THERAPEUTICS: Taps Verita Global as Administrative Advisor ------------------------------------------------------------------ Sangamo Therapeutics, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kurtzman Carson Consultants, LLC, doing business as Verita Global, as administrative advisor. The firm will provide these services: (a) assist with, among other things, the preparation of the Debtor's schedule of assets and liabilities, schedule of executory contracts and unexpired leases and statement of financial affairs; (b) assist with, among other things, solicitation, balloting, tabulation and calculation of votes, as well as preparing any appropriate reports required in furtherance of confirmation of any Chapter 11 plan; (c) generate an official ballot certification and testifying, if necessary, in support of the ballot tabulation results for any Chapter 11 plan(s) in the Chapter 11 case; (d) generate, provide and assist with claims objections, exhibits, claims reconciliation and related matters; and (e) provide such other claims processing, noticing, solicitation, balloting and administrative services described in the Services Agreement, but not included in the Section 156(c) Application, as may be requested by the Debtor from time to time. Prior to the Petition Date, the Debtor provided Verita a retainer in the amount of $35,000, which was received by the firm on June 10, 2026. Also prior to the Petition Date, the firm received prepayments from the Debtor totaling $80,000, of which $50,000 was received on June 10, 2026 and $30,000 was received on June 18, 2026. Evan Gershbein, an executive vice president at Verita Global, 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: Evan Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor listed assets and liabilities between $100 million and $500 million. Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Cooley LLP as lead bankruptcy counsel and Richards, Layton & Finger, PA as Delaware bankruptcy counsel. MERU, LLC serves as the Debtor's financial advisor and Raymond James & Associates, Inc. is the investment banker. Kurtzman Carson Consultants LLC d/b/a Verita Global is the noticing and claims agent. Orrick, Herrington & Sutcliffe LLP and Morris James LLP are representing the Ad Hoc Group of Equity Holders. SAVIN GRACE: Unsecured Creditors to Split $5K in Plan ----------------------------------------------------- Savin Grace LLC filed with the U.S. Bankruptcy Court for the Eastern District of North Carolina a Disclosure Statement describing Plan of Reorganization dated July 17, 2026. The debtor is a North Carolina limited liability company that filed for Chapter 11 bankruptcy on April 29, 2026. Formed on December 3, 2007, the company operates a residential treatment facility in Johnston County for children and adolescents with mental health illnesses, behavioral issues, and intellectual disabilities. It also provides peer support services in Johnston, Wake, Durham, and Orange Counties to assist clients recovering from mental illness or substance use disorders. The debtor generates most of its revenue by billing governmental and quasi-governmental agencies for the services it provides. The Chapter 11 plan proposes to reorganize the debtor's debts while allowing the business to continue operating. Payments under the plan will be funded through income generated from the debtor's ongoing operations. Key Plan Provisions * Class 6 General Unsecured Creditors -- This class includes all allowed, undisputed, noncontingent unsecured claims, deficiency claims, claims arising from rejected executory contracts, and any claims not otherwise specifically classified under the plan. -- As of the filing of the plan, the approximate total of general unsecured and known deficiency claims is $5,593.04. -- According to the liquidation analysis, unsecured creditors would receive no distribution in a liquidation. -- Under the plan, the debtor proposes to pay $5,000 to Class 6 creditors in a single lump-sum, pro rata distribution on or before the last day of the sixth full calendar month following the plan's effective date. * Class 9 Equity Interest Holders -- Existing equity holders will retain their ownership interests in the debtor on the effective date. The plan will be funded from the debtor's continued business operations. Creditors whose collateral has been abandoned by the debtor are required to terminate their UCC-1 financing statements within 30 days of the plan's effective date. If they fail to do so, the debtor is authorized to terminate the financing statements on their behalf. Any creditor with abandoned collateral seeking to assert a deficiency claim must file that claim within 30 days of the plan's effective date. A full-text copy of the Disclosure Statement dated July 17, 2026 is available at https://urlcurt.com/u?l=JnhQIJ from PacerMonitor.com at no charge. Counsel to the Debtor: Ciara L. Rogers, Esq. Bobby Decker, Esq. Waldrep Wall Babcock & Bailey PLLC 3600 Glenwood Ave, Suite 210 Raleigh, NC 27612 Telephone: (984) 480-2005 Email: crogers@waldrepwall.com bdecker@waldrepwall.com About Savin Grace LLC Savin Grace, LLC runs a residential facility for children and adolescents with mental health, behavioral, and intellectual disabilities, along with community-based peer support services in Johnston County, North Carolina, from its facility in Selma, North Carolina. Savin Grace sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-01924) on April 30, 2026, with up to $500,000 in both assets and liabilities. Jacqueline Bell, member manager and president of Savin Grace, signed the petition. Judge Pamela W. Mcafee oversees the case. Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey PLLC, represents the Debtor as legal counsel. SEMILEDS CORP: Appoints DLEE Accountancy as New Independent Auditor ------------------------------------------------------------------- SemiLEDs Corporation said in a regulatory filing with the Securities and Exchange Commission that following the expiration of the engagement with YCM CPA INC. on July 27, 2026, the audit committee of the board of directors engaged DLEE Accountancy, Inc. as the Company's new independent registered public accounting firm. The Company stated that during its most recent fiscal year and through the date of expiration of engagement with YCM, there were no disagreements with YCM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope of procedure which disagreement if not resolved to the satisfaction of YCM would have caused it to make reference to the subject matter of the disagreement in connection with its reports and there were no "reportable events" as defined in Item 304(a)(l)(v) of Regulation S-K. Neither the Company, nor anyone on its behalf, has consulted with DLEE regarding: (i) the type of final audit opinion that might be rendered on the Company's financial statements and neither a written report nor oral advice was provided to the Company that DLEE concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K. About SemiLEDs Corporation Headquartered in Taiwan, R.O.C., SemiLEDs Corporation develops, manufactures, and sells light-emitting diode (LED) chips, LED components, LED modules, and systems. The Company's products serve a range of specialty industrial applications, including ultraviolet (UV) curing of polymers, LED light therapy for medical and cosmetic purposes, counterfeit detection, horticultural lighting, architectural lighting, and entertainment lighting. SemiLEDs packages its LED chips into LED components, which are sold to distributors and a customer base primarily concentrated in key markets, such as the Netherlands, Taiwan, the United States, and Japan. The Company also offers its "Enhanced Vertical" (EV) LED product series in blue, white, green, and UV variations in select markets. The Company's lighting products are primarily sold to original design manufacturers of lighting products, as well as to the end users of lighting devices. Irvine, California-based YCM CPA INC., the Company's auditor since 2025, issued a "going concern" qualification in its report dated Nov. 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Aug. 31, 2025, citing that the Company incurred recurring losses from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of May 31, 2026, the Company had $17.5 million in total assets, $14.5 million in total liabilities, and $3.1 million in total stockholders' equity. SENTINEL PURCHASER: S&P Assigns 'B' ICR, Outlook Stable ------------------------------------------------------- S&P Global Ratings assigned its 'B' issuer credit rating to Sentinel Purchase II Holdco LLC, the financial reporting entity going forward. At the same time, S&P assigned its 'B' issue-level rating and '3' recovery rating to the delayed-draw term loan. The '3' recovery rating indicates S&P's expectation for meaningful (50%-70%; rounded estimate: 55%) recovery for lenders in the event of a payment default. The stable outlook reflects S&P's expectation that System One will report 3%-5% organic revenue growth and maintain leverage around 5x over the next 12 months. Oaktree Capital management and StepStone group have agreed to acquire U.S.-based outsourced technical solutions and services provider Sentinel Purchaser II Holdco LLC (dba System One). They will fund the proposed transaction with a $550 million term loan B, a $75 million revolving credit facility (RCF; undrawn at close), and approximately $560 million of combined equity contribution from OakTree, Stepstone, and current management. S&P said, "Although we expect the incremental debt to modestly increase leverage in the near term, we are forecasting S&P Global Ratings-adjusted leverage in the mid-5x area in fiscal-year 2026 with modest deleveraging in future periods. "The 'B' rating reflects our view of System One's highly leveraged financial profile, financial sponsor ownership, and vulnerability to economic cycles and regressive financial policies. Offsetting these factors are the company's strong market position and long-standing relationships across its three market pillars—critical infrastructure, government, and technology and life sciences. We expect strong retention rates and increase customer demand will drive organic revenue growth of 3%–5% in the next couple of years, following several years of macroeconomic challenges in the staffing space. "We expect the company to maintain leverage below our downside threshold of 5.5x, despite the increased debt load. We forecast S&P Global Ratings-adjusted leverage to be in the mid-5x area in 2026, compared with 5.1x at year-end 2025, as incremental EBITDA partially offsets the higher debt. We will continue to monitor the impact of government spending and the potential for regressive federal policy on the company's operating performance, noting an approximate 10% decrease in revenue for its government business in 2025 due to reduced government spending. However, we believe System One remains resilient due to its mission-critical outsourced work and presence across major industry verticals, which provides significant diversification. Furthermore, our expectation of strong revenue growth in the critical infrastructure and technology and life sciences segments partially offsets our concerns regarding the government business growth. System One's hybrid delivery business model carries more stable growth but lower margins than its peers. This is because of the focus on scale, stability, and larger clients, which tends to limit billing rates in favor of higher volumes. The company's mix of customer direct service (79% of gross profit) and workforce solutions (21% of gross profit) has allowed it to have more stable operating performance compared with staffing peers in the last several years. The majority of System One's gross margin comes from longer-tenured clients of more than 10 years. The company also has a diverse client base and good revenue visibility given long-term contracts. S&P said, "However, we believe System One's focus on scale and larger clients lowers average billing rates compared with rated peers' despite competing in similar verticals. We are forecasting S&P Global Ratings-adjusted margins between 7% and 8% in 2026." S&P said, "We expect System One will remain acquisitive, which entails integration and execution risks. We believe the company will prioritize acquisitions over shareholders' returns and make use of internally generated cash and debt issuance to fund these acquisitions. The company has routinely made tuck-in acquisitions to diversify into different segments to bolster its revenue growth. "The stable outlook reflects our expectation that System One will report 3%-5% organic revenue growth of and maintain leverage around 5x over the next 12 months. "We could lower our rating on System One if its leverage exceeds 5.5x or its free operating cash flow (FOCF) to debt declines below 5% on a sustained basis." This could occur if: -- The company undertakes debt-financed shareholder returns or large acquisitions that increase its leverage; -- It cannot effectively integrate its acquisitions and expand its end markets; or -- Its revenue declines significantly due to a prolonged economic downturn. S&P views an upgrade as unlikely in the next 12 months, given System One's financial-sponsor ownership and our expectation it will continue to pursue debt-financed acquisitions. However, S&P could raise its rating on the company over the longer term if: -- It materially expands its business and improves its EBITDA margins such that S&P takes a more favorable view of its competitive position; and -- Its leverage remains below 4.5x on a sustained basis, even after accounting for potential leveraging acquisitions. SG ECHO: Lender Seeks to Prohibit Cash Collateral Access -------------------------------------------------------- Enhanced Capital Oklahoma Rural Fund, LLC asks the U.S. Bankruptcy Court for the Eastern District of Oklahoma to prohibit SG Echo, LLC from using cash collateral. Enhanced made a $4 million term loan to SG Echo on September 20, 2024, evidenced by a Secured Term Note. As of SG Echo's Chapter 11 petition date on April 28, 2026, the outstanding balance on the loan reached $4,520,320, excluding post-petition interest, fees, and costs. The loan is secured by a recorded real estate mortgage on property in Bryan County, Oklahoma, alongside a perfected UCC-1 security interest in personal property. The Debtor defaulted by making its last payment on August 1, 2025, and failed to cure the breach following formal notice. The central dispute concerns rental revenue generated from the Bryan County real estate, which SG Echo leased to Weldco Mfg. North LLC under an agreement effective March 9. Pursuant to the lease terms, Weldco began paying SG Echo a minimum monthly rent of $23,000 starting July 1 Under Paragraph 20 of the governing mortgage agreement, SG Echo assigned all rents from the property to Enhanced as additional security upon an uncured default. Enhanced contends that these rent payments constitute cash collateral under 11 U.S.C. section 363(a) and that SG Echo has neither requested permission nor received authorization to use these funds for business operations since filing for bankruptcy. Enhanced asserts that allowing SG Echo to consume the rental income without providing adequate protection violates 11 U.S.C. sections 361, 362(d), and 363(e), particularly since the automatic stay prevents Enhanced from enforcing its rights directly. Pointing to 11 U.S.C. section 363(p), Enhanced emphasizes that the Debtor carries the burden of proof to demonstrate that a secured creditor's interests are adequately protected against collateral dissipation. Enhanced argues that without court intervention, it faces irreparable harm from the unrecoverable loss of its cash collateral. A court hearing is scheduled August 12. A copy of the motion is available at https://urlcurt.com/u?l=7YYezr from PacerMonitor.com. About SG Echo LLC SG Echo, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Okla. Case No. 26-80385) on April 28, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Paul R. Thomas oversees the case. Jason Anthony Sansone, Esq. at Phillips Murrah P.C. serves as the Debtor's counsel. Enhanced Capital Oklahoma Rural Fund, LLC, as lender, is represented by: Matt Crook, Esq. McAfee & Taft, P.C. Williams Center Tower II 2 W. 2nd Street, Suite 1100 Tulsa, OK 74103 Tel: 918-587-0000 Fax: 918-599-9317 Email: matt.crook@mcafeetaft.com SHEPARD TOWERS: Seeks to Hire Charles Wertman as General Counsel ---------------------------------------------------------------- Shepard Towers LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ the Law Offices of Charles Wertman PC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Charles Wertman, Esq., Attorney $525 Paraprofessionals $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing date, the firm received a total retainer of $9,238, including the filing fee of $1738, from the Debtor. Mr. Wertman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles Wertman, Esq. Law Offices Charles Wertman PC 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Telephone: (516) 284-0900 Email: charles@cwertmanlaw.com About Shepard Towers LLC Shepard Towers LLC is a real estate holding and property management company engaged in the ownership, leasing, and operation of residential and commercial real estate assets. Shepard Towers LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42752) on June 4, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $1 million to $10 million. Judge Elizabeth S. Stong oversees the case. The Debtor is represented by the Law Offices of Charles Wertman PC. SILVER STAR: Affiliate Seeks to Use Cash Collateral --------------------------------------------------- Cooper Street SPE LLC, an affiliate of Silver Star Virginia Parkway LLC and Silver Star Properties REIT, Inc., asks the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, for authority to use cash collateral and provide adequate protection. The Debtor requires immediate access to cash collateral to fund day-to-day operations, property maintenance, utilities, insurance, administrative costs, and necessary professional fees. The cash collateral comprises property rents, revenues, and accounts derived from real property owned or leased by the Debtor. HSRE-ADV VII, LLC asserts interests in the Debtor's cash collateral. In exchange for using the cash collateral, the Debtor proposes granting HSRE-ADV VII post-petition replacement liens on personal property and post-petition revenues to protect against any decrease in collateral value. A court hearing will be held on August 13. A copy of the motion is available at https://urlcurt.com/u?l=zzqTP1 from PacerMonitor.com. HSRE-ADV VII, as secured creditor, is represented by: James P. Muenker, Esq. DLA PIPER LLP (US) 1900 North Pearl Street, Suite 2200 Dallas, TX 75201 Telephone: (214) 743-4500 Facsimile: (214) 743-4545 james.muenker@us.dlapiper.com About Silver Star Virginia Parkway LLC Silver Star Virginia Parkway LLC, doing business as Silver Star Storage, is a real estate company that owns and operates a self-storage facility in McKinney, Texas, as its sole asset. Silver Star Virginia Parkway LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42315) on May 28, 2026, listing $7,650,856 in assets and $5,982,406 in liabilities. The petition was signed by David T. Wheeler as president of Silver Star Property Management, Manager of the Debtor. Judge Mark X Mullin presides over the case. Robert T. DeMarco, Esq. at DeMarc Mitchell, PLLC serves as the Debtor's counsel. SILVERMAN CHIROPRACTIC: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------------ Silverman Chiropractic and Rehabilitation Center asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to use cash collateral and provide adequate protection. The Debtor's primary secured lender is City National Bank of Florida, which holds a first-priority security interest in substantially all of the Debtor's assets, including accounts, equipment, inventory, and general intangibles, under a September 2023 security agreement and a February 2026 amended revolving promissory note. As of the petition date, the Debtor owed CNB approximately $806,533, exclusive of post-petition interest, fees, and costs. Although other entities, such as merchant cash advance providers, have filed UCC-1 statements, their claims are subordinate to CNB and believed to be wholly under-secured. The Debtor values its assets at approximately $810,000 on a liquidation basis as of the petition date, rising to roughly $850,000 by July 19. To preserve its going-concern value and maintain uninterrupted patient care, the Debtor seeks emergency authorization to use cash collateral for an initial 60-day period ending September 6 in accordance with a detailed budget. Over this two-month window, the Debtor projects monthly patient fee revenue of $175,000 ($350,000 total) against monthly operating expenses of $163,750 ($327,500 total), resulting in projected monthly net income of $11,250. CNB has consented to the Debtor's temporary use of cash collateral under the agreed terms detailed in the proposed order. As adequate protection, the Debtor will make monthly payments of $6,000 directly to CNB and grant the bank a post-petition replacement lien on all assets to the same validity, extent, and priority as its pre-petition lien, specifically excluding Chapter 5 bankruptcy avoidance actions. Furthermore, the Debtor must provide CNB with an updated 12-week cash collateral budget by August 24, and satisfy regular reporting requirements to ensure CNB's secured interest remains fully protected throughout the reorganization process. A court hearing is scheduled for August 6. A copy of the motion is available at https://urlcurt.com/u?l=mISIzW from PacerMonitor.com. About Silverman Chiropractic & Rehabilitation Silverman Chiropractic & Rehabilitation is a Miami, Florida-based healthcare provider specializing in chiropractic care, auto accident treatment, and post-accident rehabilitation services. The practice operates multiple clinics across South Florida, including locations in Plantation, Hialeah, Miami, and Doral. Silverman Chiropractic & Rehabilitation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-18936) on July 8, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Thomas L. Abrams, Esq., at GAMBERG & ABRAMS. SIMAD HOLDINGS LTD: Court OKs Interim DIP Loan From HomeTrust ------------------------------------------------------------- SIMAD Holdings, Ltd. obtained an interim order from the U.S. Bankruptcy Court for the District of New Jersey allowing its affiliated debtors, Bluestar Landco, LLC and Bluestar Operatingco, LLC, to secure debtor-in-possession financing to get through bankruptcy. The interim order authorized Bluestar to access $2.320 million of the $4.5 million DIP facility from HomeTrust Bank, with the balance available upon entry of a final order. It also authorized Bluestar to use cash collateral to fund operations. SIMAD and its affiliated debtors commenced their Chapter 11 cases on June 4 and 5, facing a severe liquidity crisis. Bluestar operates the Blue Star Camps, which are currently in the middle of their peak summer season and, therefore, require immediate capital to cover essential operating expenses. Although the Debtors previously received court approval for DIP financing from bondholder parties, they opted -- with the bondholders' consent -- not to draw on those funds to avoid the associated priming liens and roll-ups, pivoting instead to a consensual arrangement with HomeTrust Bank. Following arm's-length negotiations, HomeTrust Bank agreed to provide a senior secured, priming multi-draw term loan facility of up to $4.5 million over a six-month term, with an initial interim advance of up to $2.32 million available upon interim approval. The key financial and structural terms of the DIP facility include: Interest & Fees: A fixed interest rate of 10% per annum, a 0.5% origination fee, and a 3% exit fee payable upon asset sale or maturity. Collateral & Priority: Secured by first-priority, superpriority priming liens on Bluestar's tangible and intangible property (including a title-insured deed of trust on 448 acres across three real property parcels in Hendersonville, NC) under 11 U.S.C. section 364(d)(1), as well as junior liens on properties subject to specific permitted statutory/equipment liens. Budget & Reporting: Disbursements will follow an approved DIP budget prepared with FTI Consulting, Inc. The facility requires bi-weekly reporting, and any cumulative expenditure variance exceeding 15% on any line item constitutes an event of default allowing loan acceleration. Milestones & Protections: Requires interim court approval on or before July 24. The facility provides standard indemnifications and releases for HomeTrust Bank, alongside adequate protection replacement liens for certain pre-petition lenders (such as the U.S. Small Business Administration) to the extent of any collateral diminution in value. Bluestar asserts that entering into the DIP facility is a sound exercise of its business judgment. Access to this immediate liquidity is the only viable path to safely maintain camp operations, preserve real estate assets, signal stability to campers' families and vendors, and maximize the value of the bankruptcy estates for all stakeholders while pursuing value-maximizing sale transactions. The order is available at http://bankrupt.com/misc/SIMADHoldings_DIPOrder543.pdf The final hearing will be held on August 4, at 1:00 p.m., prevailing Eastern time. Hometrust Bank, as DIP lender, is represented by: Andrea Dobin, Esq. McManimon Scotland & Baumann, LLC 427 Riverview Plaza Trenton, NJ 08611 Office: (609) 695-6070 Phone: (973) 323-8667 Fax: (973) 622-7333 adobin@msbnj.com About SIMAD Holdings Ltd. SIMAD Holdings Ltd. owns and operates a portfolio of 30-day and sleepaway summer camps located primarily in the eastern United States, including New Jersey, New York, Maine, and Pennsylvania. Operating in the summer camp sector since 2006, the company's camps generally run from June through August and enroll approximately 20,500 children annually. SIMAD's camps offer programs across sports, academics, arts, technology, and religion, with each camp separately branded and independently operated through its own management, staff, accounting, and operational infrastructure. SIMAD Holdings Ltd sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16388) on June 4, 2026. In their petitions, the Debtors reported estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. Assaf Ravid, chief restructuring officer, signed the petitions. The Debtors tapped Cole Schotz P.C. as bankruptcy counsel, FTI Consulting, Inc. as financial advisor, and SSG Advisors, LLC as investment banker. The claims and noticing agent is Kroll Restructuring Administration, LLC. Counsel to the Operators Bid Group are Bennett S. Silverberg, Esq., at Brown Rudnick, LLP, in New York; Tristan Axelrod, Esq., at Brown Rudnick, LLP, in Boston, Massachusetts; Robert M. Hirsh, Esq., and James A. Copeland, Esq., at Norton Rose Fulbright US LLP, in New York; and Timothy W. Walsh, Esq., at Steptoe LLP, in New York. SISTERS OF ST. ANN: Seeks to Hire Kelleher & Sadowsky as Broker --------------------------------------------------------------- The Sisters of St. Ann, doing business as Anna Maria College, seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Kelleher & Sadowsky Associates, Inc. as real estate broker. The firm will provide these services: (a) administer and plan all activities related to the marketing of the Campus, subject at all times to the Debtor's approval; (b) conduct a proactive system of following up on all inquiries resulting from mailings, brochures, distributed promotional literature, and telephone calls; (c) cooperate with other licensed brokers; (d) coordinate and assist in the preparation of descriptive promotional material; (e) place signage on the Campus to stimulate inquiries, if requested by the Debtor; and (f) list the Campus with Kelleher & Sadowsky Associates, Inc., RCM, Co-Star, Crexi, and LoopNet to gain local, regional, and national marketing exposure. The firm will be compensated as follows: (a) Transaction Fee equal to 5 percent of the gross sale price; and (b) The Transaction Fee shall be earned, due and payable by the Debtor upon the closing of a Sale; provided, however, that the Transaction Fee shall be payable regardless of when the closing of a Sale occurs so long as (i) a contract for such transaction is executed prior to the Termination Date of the Broker Services Agreement, or (ii) a contract for such transaction is executed with a Qualified Purchaser within 12 months after the Termination Date of the Broker Services Agreement, provided in all events that the closing of a Sale does occur. In no event shall the Transaction Fee exceed $600,000, which shall be considered the "Commission Cap." William Kelleher IV, an estate broker at Kelleher & Sadowsky Associates, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: William Kelleher IV Kelleher & Sadowsky Associates, Inc. 120 Front St., #210 Worcester, MA 01608 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. The 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 counsel. SKYE A. SMITH: Unsecured Creditors to Get Nothing in Plan --------------------------------------------------------- Skye A. Smith DDS LLC, d/b/a POISE Dental Studio filed with the U.S. Bankruptcy Court for the Eastern District of Louisiana a Plan of Reorganization for Small Business dated July 16, 2026. The Debtor is a Louisiana limited liability company formed in February 2020 that operates a dental practice in Metairie, Louisiana. The practice is owned and managed by licensed dentist Skye A. Smith. The business experienced a significant decline in income beginning in April 2025 because it accepted only fee-for-service patients rather than insurance-based patients. As a result, it could not sustain increased mortgage payments on a $380,000 business loan from The Huntington National Bank, which was secured by the practice's business assets, including equipment and receivables. After Huntington filed a lawsuit to recover the defaulted loan, the debtor filed for Chapter 11 bankruptcy under Subchapter V to reorganize the business and restructure the loan. The debtor projects at least $9,500 per month in income over a 60-month period to fund its reorganization plan. The projected revenue will come from a License Share Agreement and from expanding the practice over the next five years into a full-service general and family dental office that accepts both fee for-service and insurance-based patients. Key Plan Provisions Secured Creditor (The Huntington National Bank): * Loan principal of $380,000 will be reinstated. * Interest rate will be 4.75%. * Monthly payments of $3,349.60 will begin on the plan's effective date. * The bank has already received interest-only adequate protection payments of $1,397.77 for April, May, and June 2026. * Beginning July 2026, the debtor will resume principal and interest payments. * Approximately $56,000 in loan delinquency existing at the bankruptcy filing will be repaid over the 60-month plan. Non-Priority Unsecured Creditors: * The plan estimates unsecured creditors will receive approximately $0.00 on the dollar because the secured lender's claim leaves no expected liquidation proceeds. * If any funds become available from liquidation, they will be distributed on a pro rata basis. * Listed unsecured claims include: -- Louisiana Workforce: $444.52 -- Louisiana Department of Revenue: $2,758.90 Overall, the plan seeks to reorganize the dental practice by restructuring its secured debt, funding operations through projected monthly income from the License Share Agreement and patient services, and expanding the practice to include insurance based patients to improve long-term financial stability. A full-text copy of the Plan of Reorganization dated July 16, 2026 is available at https://urlcurt.com/u?l=HJCIyb from PacerMonitor.com at no charge. Counsel to the Debtor: Cynthia Lee Traina, Esq. LAW OFFICE OF CYNTHIA LEE TRAINA 650 Poydras, Suite 1400 New Orleans, LA 70130 Telephone: (504) 977-1157 E-mail: cytraina@yahoo.com About Skye A. Smith DDS LLC Skye A. Smith DDS, LLC d/b/a Poise Dental Studio operates as a dental practice ("Office of Dentists" classification under NAIC 6212), and is located at 3939 N. Causeway Blvd., Suite 104, Metairie, Louisiana. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10772) on March 31, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Meredith S. Grabill presides over the case. The Law Office Of Cynthia Lee Traina is serving as the Debtor's legal counsel. SPARHAWK LLC: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Wisconsin entered a final order authorizing the Chapter 11 Trustee for Sparhawk, LLC and its jointly administered affiliated debtors to use WoodTrust Bank's cash collateral. The order follows multiple interim cash collateral orders and an agreement between the trustee and WoodTrust Bank, allowing continued use of cash collateral to operate the Debtors' businesses while protecting the lender's secured interests. Under the final order, the trustee is authorized to use cash collateral in accordance with an approved budget through August 2, with authority continuing until October 1, unless otherwise extended or modified. The budget includes adequate protection payments of $200,000 per month to WoodTrust Bank, beginning within three business days after entry of the earlier interim agreed order and continuing on the 20th day of each month. The trustee is prohibited from using cash collateral for expenses outside the approved budget, while budget variances are limited to a 15% decline in cash balances and accounts receivable from petition date levels unless otherwise agreed by the lender. As adequate protection, WoodTrust Bank received a first-priority post-petition replacement lien on the Debtors' personal property and proceeds, effective as of the petition date, together with a superpriority claim against certain unencumbered assets. The trustee must provide weekly financial reports, maintain insurance, pay post-petition taxes, preserve the collateral, keep bank accounts with WoodTrust Bank, and deposit proceeds from collateral sales into a segregated account. The order also establishes a carveout for court-approved professional fees, trustee fees, U.S. Trustee fees, sale expenses, and certain WARN Act administrative claims. The order requires the Trustee to file a motion to sell substantially all non-real estate assets by August 31 and obtain approval for the sale of substantially all estate assets by September 30. The Trustee's authority to use cash collateral terminates on October 1 or upon occurrence of an event of default including failure to comply with the budget, loss of insurance, dismissal or conversion of the bankruptcy case, or violation of the order, permitting WoodTrust Bank to seek further relief from the court. The order is available at http://bankrupt.com/misc/SparhawkLLC_CCOrder329.pdf About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No.26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn, represent the Debtors as legal counsel. Matthew Brash is appointed as trustee appointed in these Chapter 11 cases. The trustee tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SPORTSCAPERS CONSTRUCTION: Hires Jeremy T. Wood as General Counsel ------------------------------------------------------------------ Sportscapers Construction, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ the Law Office of Jeremy T. Wood, PLLC as counsel. The firm's services include: (a) advise the Debtor with respect to its rights, powers, and duties; (b) prepare and file all necessary legal documents; (c) represent the Debtor in connection with the use of cash collateral and any Debtor-in-Possession financing; (d) prepare, negotiate, and prosecute a plan of reorganization under Subchapter V; (e) prosecute and defend adversary proceedings and contested matters as necessary; (f) assist with general estate administration and compliance with orders of this Court; (g) negotiate with creditors and analyze, object to, or resolve claims; (h) assist the Debtor in complying with monthly operating report requirements and other reporting obligations; (i) represent the Debtor at all hearings, conferences, and meetings; and (j) perform all other legal services necessary for the Debtor to fulfill its duties under the Bankruptcy Code. Jeremy Wood, Esq., will be paid at his hourly rate of $350, plus reimbursement. The firm requests an advance security retainer of $25,000 and filing fee of $1,738. Mr. Wood disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeremy T. Wood, Esq. Law Office of Jeremy T. Wood, PLLC 2950 North Loop West, Suite 500 Houston, TX 77092 Telephone: (713) 366-1288 Facsimile: (281) 954-3277 Email: Jeremy@JeremyWoodLaw.com About Sportscapers Construction Inc. Sportscapers Construction Inc. is a Houston, Texas-based specialized athletic facility and sports court construction company. The business provides turnkey architectural design and construction services for basketball, pickleball, and tennis facilities throughout the Gulf Coast region, including Ganado, Edna, and Livingston, and is an authorized dealer of specialized sports lighting systems. Sportscapers Construction Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-34660) on June 30, 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 Jeffrey P. Norman handles the case. The Debtor is represented by Jeremy Thomas Wood, Esq., at the Law Office of Jeremy T. Wood, PLLC. STEVEN MCCANLESS: Gets Final OK to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of Tennessee entered a final agreed order authorizing Steven McCanless Trucking, Inc. to continue using cash collateral. Under the final order, the Debtor is permitted to use cash collateral throughout the Chapter 11 case for ordinary and reasonable business expenses. In exchange, the secured lenders will receive pre-petition liens, but only to the extent cash collateral is actually used. The lenders also retain the right to seek additional adequate protection if they believe their interests become insufficiently protected. The Debtor is also authorized to pay U.S. Trustee fees, court filing fees, and approved professional fees from cash collateral and is required to preserve the value of its cash collateral, comply with all debtor-in-possession obligations under the Bankruptcy Code, and continue operating in accordance with the Court's requirements. The parties may also modify the final cash collateral order through future written agreements approved by the Court. The Debtor's authority to use cash collateral will immediately terminate if a Chapter 11 trustee is appointed, the case is converted to Chapter 7, the order is modified without the lenders’ consent, or the Debtor uses cash collateral in an unauthorized manner. The order is available at http://bankrupt.com/misc/StevenMccanless_CCOrder73.pdf About Steven McCanless Trucking Inc. Steven McCanless Trucking, Inc. is a Tennessee-based freight carrier that provides trucking and property transportation services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-11242) on May 8, 2026. In the petition signed by Steven Mccanless, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Nicholas W. Whittenburg oversees the case. Roy Michael Roman, Esq., at RMR LEGAL PLLC, represents the Debtor as legal counsel. STUCKEY PREMIER: Gets OK to Use Cash Collateral Until Aug. 31 ------------------------------------------------------------- Stuckey Premier Enterprises, LLC received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, New Bern Division, to use cash collateral through August 31. Under the fourth interim order, the Debtor is authorized to use cash collateral pursuant to an approved budget covering the period from August 1 to 31, subject to a 10% variance per line item. The budget shows projected receipts of $40,000 against expenses of ($38,493), including payroll ($11,000), Sysco supplies ($11,000), rent ($4,168), taxes ($3,300), and other operating costs. This results in an estimated positive cash balance of $12,351.00, which supports the feasibility of continued operations. Creditors including The Huntington National Bank (as assignee of TCF Equipment Finance) and First Internet Bank of Indiana (as assignee of ApplePie Capital), may hold security interests in its operating revenues and deposit accounts based on UCC-1 filings, though the Debtor disputes or questions some of these obligations and includes them out of caution. As adequate protection, the liens held by secured creditors extend to post-petition assets notwithstanding Bankruptcy Code section 552. In addition, the interim order requires the Debtor to remain current on all post-petition taxes and prohibits asset transfers outside the ordinary course of business without creditor consent or court approval. The order is available at https://shorturl.at/x8Sq7 The next hearing is scheduled for August 19. About Stuckey Premier Enterprises LLC Stuckey Premier Enterprises, LLC operates a single Jimmy John's restaurant in Goldsboro, North Carolina. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02108-5-JNC) on May 8, 2026. In the petition signed by Thomas Stuckey, member/manager, the Debtor disclosed up to $100,000 in assets and up to $50,000 in liabilities. Judge Joseph N. Callaway oversees the case. George Mason Oliver, Esq., at the Law Offices of George Oliver, PLLC, represents the Debtor as legal counsel. SVG 26 LLC: Seeks to Extend Plan Exclusivity to Feb. 9, 2027 ------------------------------------------------------------ SVG 26 LLC, d/b/a Alton Distillery asked the U.S. Bankruptcy Court for the Eastern District of New York to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Feb. 9, 2027 and April 12, 2027, respectively. This is the Debtor's first request for an extension of the exclusivity periods. It is self-evident that the Debtor is not seeking these extensions to artificially delay the conclusion of this chapter 11 case or to hold creditors hostage to an unsatisfactory plan proposal. Simply put, at this juncture, the Debtor simply needs time to reorganize its business operations, to reach an agreement with M&T Bank, to obtain Court approval for the settlement terms and to file a feasible plan of reorganization and disclosure statement, offering treatment to the creditors of the estate. The Debtor asserts that an extension of the Exclusive Periods will give the company a reasonable opportunity to negotiate and obtain confirmation of a consensual plan with its creditors. Further, the Debtor needs the requested extended period in order for all parties to file their respective claims within the deadlines to be established by the Court and for the Debtor to review said claims once filed. The Debtor further asserts that the requested extensions of the exclusivity period to file a plan and disclosure statement will not harm any economic stakeholder. Rather, the time will be used to negotiate a resolution of claims filed in this case, in order to propose feasible plan and disclosure statement, meeting the requirements of Section 1125 of the Bankruptcy Code. SVG 26 LLC is represented by: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: 9718) 513-3145 About SVG 26 LLC SVG 26 LLC, dba Alton Distillery, is known for crafting premium, small-batch spirits that have gained recognition within the industry. Its offerings include the popular Peace Vodka and The Alton Classics line, featuring New York Straight Rye Whiskey and New York Straight Bourbon Whiskey. SVG 26 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44613) on September 25, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Law Offices of Alla Kachan, PC serves as the Debtor's counsel. T.K. TIMBER: Gets Interim OK to Use Cash Collateral Until Aug. 28 ----------------------------------------------------------------- T.K. Timber Services, LLC received second interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Wilmington Division, to use cash collateral. The court authorized the Debtor to use cash collateral for necessary operating expenses in accordance with its approved budget for the period from July 27 through August 28. Individual budget line items may exceed approved amounts by up to 10% without prior court approval, while larger variances require court authorization. Customers, including Thomas Built Buses, Inc., were directed to remit payments directly to the Debtor despite any prepetition payment instructions. As adequate protection, creditors asserting cash collateral interests were granted continuing replacement liens on post-petition collateral to the extent of cash collateral used. If the protection proves insufficient, they may seek superpriority administrative expense claims under Section 507(b). The Debtor must remain current on post-petition taxes, avoid disposing of assets outside the ordinary course without consent, and comply with the approved budget. Unless the parties reach a further agreement, the court scheduled the next hearing on the Debtor's continued use of cash collateral for August 26. The interim order remains effective until modified, replaced by a subsequent order, or terminated under the conditions set forth by the court. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/oTLzT from PacerMonitor.com. About T.K. Timber Services LLC T.K. Timber Services, LLC provides timber and logging services throughout southeastern North Carolina. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02862-5-JNC) on June 26, 2026. In the petition signed by Timothy Kyle Ellis, manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Joseph N. Callaway oversees the case. Joseph Z. Frost, Esq., at BUCKMILLER & FROST, PLLC, represents the Debtor as legal counsel. TAYLOR MORRISON: Moody's Puts 'Ba1' CFR on Review for Upgrade ------------------------------------------------------------- Moody's Ratings placed Taylor Morrison Communities, Inc.'s ("Taylor Morrison") ratings, including its Ba1 corporate family rating, Ba1-PD probability of default rating, and the Ba1 senior unsecured notes ratings on review for upgrade. Previously, the outlook was stable. The rating action follows the completion of the acquisition of Taylor Morrison by Berkshire Hathaway Inc. (Berkshire, Aa2 stable) valued at $8.5 billion on July 24, 2026. The rating action reflects the potential for Berkshire to provide guarantees to Taylor Morrison's outstanding notes following results of Taylor Morrison's consent solicitation, through which noteholders approved amendments to certain provisions in the company's senior unsecured notes indentures. The approved amendments to the indentures include: (1) permitting the company to satisfy its reporting obligations through the public filings of a parent guarantor rather than providing standalone financial statements, should parent guarantees be provided upon closing of the acquisition; and (2) modifying certain asset-transfer and merger-covenant provisions to allow compliance to be measured based on the consolidated assets of the parent guarantor and its subsidiaries. The review for upgrade reflects the potential credit benefits that Taylor Morrison's noteholders could receive from guarantees provided by Berkshire, whose credit profile is substantially stronger and rated several notches above Taylor Morrison's. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The review will focus on whether Berkshire ultimately provides guarantees for the notes and the strength of such guarantee. Moody's assessments will focus on the entity providing the guarantee and if such guarantee would be unconditional, irrevocable, and provide for full and timely repayment of principal and interest. Moody's will also assess whether standalone financial statements for Taylor Morrison will be available going forward. Other areas of focus of the review will include the company's financial and operating strategy, capital structure, and governance framework under Berkshire's ownership. Governance considerations are a key factor in this rating action because the proposed transaction will result in a change of ownership and control of the company. Taylor Morrison Home Corporation is a national homebuilder and developer headquartered in Scottsdale, Arizona. The company serves a broad range of homebuyers across the US, including first-time, move-up, luxury, and 55-plus buyers. In the 12 months ended March 31, 2026, Taylor Morrison generated $7.4 billion in revenue. Berkshire Hathaway Inc., based in Omaha, Nebraska, is a diversified holding company through subsidiaries engaged in insurance, railroad transportation, energy, manufacturing, and retail businesses. In 2025, Berkshire generated total revenue of $371.4 billion. The principal methodology used in these ratings was Homebuilding and Property Development published in September 2025. TEAM SYSTEMS: Delaware Court Denies Recusal Request in Chapter 11 ----------------------------------------------------------------- Rose Krebs of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge has denied a motion seeking his recusal from the Team Systems International bankruptcy litigation, concluding that the former executives' allegations did not satisfy the legal standard for disqualification. The court ruled that nothing in the record demonstrated actual bias or an appearance of impropriety. The request arose in connection with a $14 million fraudulent transfer action filed by the Chapter 7 trustee against former company insiders. Although the defendants argued that prior judicial remarks reflected favoritism toward the trustee, the judge determined the comments were made in the normal course of managing the case and did not warrant stepping aside, the report states. The ruling ensures continuity in the bankruptcy proceedings and permits the trustee's recovery action to move forward. The case remains part of the broader effort to maximize recoveries for creditors following the government contractor's Chapter 7 liquidation, according to Law360. About Team Systems International Formed in 2001, Team Systems International LLC is a small business serving the United States government as a contractor with offices in Lewes, Del. and Ponte Vedra Beach, Fla. TSI has performed government projects as a prime contractor and subcontractor in the areas of program management, financial and contracts management, tactical and specialized military training development, naval ordinance engineering, information systems design and integration, military firearms training, Department of State overseas foreign officer training, vehicle or weapons platform simulation, training center or classroom A/V system integration, force protection services, maritime security, and administrative staffing for government projects. Team Systems International sought Chapter 11 bankruptcy protection (Bankr. D. Del. Case No. 22-10066) on Jan. 18, 2022, listing up to $50 million in assets and up to $10 million in liabilities. Deborah Devans Mott, member, signed the petition. Jamie L. Edmonson, Esq., at Robinson & Cole LLP, was the Debtor's legal counsel. The case was converted to Chapter 7 on March 31, 2022. George L. Miller is the Chapter 7 trustee. THE.TEAM SME: S&P Places 'BB-' ICR on CreditWatch Negative ---------------------------------------------------------- S&P Global Ratings placed its 'BB-' issuer credit rating on CreditWatch with negative implications. S&P said, "We expect to resolve the CreditWatch placement after the transaction financing details are available and we have reviewed the company's financial policies and governance practices under its new ownership structure. We anticipate a downgrade of one to two notches due to the potential for higher leverage under increased private equity ownership." On July 28, 2026, The.Team announced a definitive agreement with Providence Equity Partners for the acquisition of Casey Wasserman's outstanding shares. Following this transaction, Providence increases its majority economic ownership stake and transitions to full control over board voting rights. S&P said, "We plan to assess the financial policy implications of the sponsor's new controlling position. "We expect a more aggressive financial policy following the transaction. The buyout of Casey Wasserman's remaining interest, with increased ownership stake and transition to full board control by Providence will likely prioritize sponsor-driven objectives, resulting in higher sustained leverage compared to our prior expectation. Our existing forecasts reflect limited cushion for incremental debt at the current rating. While specific transaction details and ultimate impact on credit metrics remains uncertain, we anticipate a revision to our financial risk profile assessment to reflect riskier expected credit measures, and a one to two notch downgrade. "We expect to resolve the CreditWatch placement following our review of the transaction financing details and the company's financial policies and governance practices under its new ownership structure. We will likely lower our ratings on the company by one to two notches due to expected higher leverage under private equity ownership." TNT DEALS: Gets Interim OK to Use Cash Collateral ------------------------------------------------- TNT Deals, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use the cash collateral of Itasca Bank and Trust through August 21. Under the interim order, the Debtor is authorized to use cash collateral only in accordance with a 30-day budget covering the period from July 20 through August 21. Any payment outside the approved budget requires the prior written consent of Itasca Bank and Trust or further court approval. Pre-petition, the Debtor accumulated approximately $495,000 in line-of-credit debt owed to its primary secured lender, Itasca State Bank, alongside obligations to other potential secured creditors including the U.S. Small Business Administration. Itasca Bank and Trust holds a blanket lien covering substantially all of the Debtor's assets. To adequately protect the interests of the secured lender and subordinate lienholders, the court granted replacement liens on the Debtor's existing and after-acquired assets, including accounts receivable, inventory, equipment, cash, and related proceeds, with the same validity, priority and extent as their pre-petition liens. The Debtor is also required to maintain insurance, preserve the collateral, provide access to books and records, and make evidence of collateral available upon reasonable request. A copy of the court's order is available at https://shorturl.at/sLxAp from PacerMonitor.com. The interim order remains effective until 5:00 p.m. CST on August 21. Objections to continued use of cash collateral must be filed by August 17, 2026, and the court scheduled a further hearing for August 19. About TNT Deals Inc. TNT Deals, Inc. is a Romeoville, Illinois-based online general merchandise retailer that sells a broad range of consumer products through major e-commerce marketplaces. The company is best known for operating under the Pens N More brand, offering office supplies, stationery, and related products on platforms including Amazon and Walmart.com. As of mid-2026, the company continued online operations and employed approximately 14 people. TNT Deals, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11827) on July 17, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Richard G. Larsen, Esq. of Springer Larsen, LLC. Neema T. Varghese appointed as Subchapter V Trustee. TOLLANIS TECHNOLOGY: Hires Kramer Weiss & Menahem as Accountant --------------------------------------------------------------- Tollanis Technology Solutions, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Kramer Weiss & Menahem, PA as accountant. The firm will prepare the Debtor's 2025 U.S. Corporation Income Tax Return (Form 1120) and Florida Corporate Income/Franchise Tax Return (Form F-1120). The firm will be paid at a fixed fee of $1,750 for its services, plus reimbursement. The firm received a retainer of $750 from the Debtor. Andrew Kramer, CPA at Kramer Weiss & Menahem, 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: Andrew L. Kramer, CPA Kramer Weiss & Menahem, PA 490 Sawgrass Corp Pkwy., Suite 100 Sunrise FL 33325 About Tollanis Technology Solutions Inc. Tollanis Solutions Inc. is a Veteran-Owned Small Business based in Deerfield Beach, Florida. The company provides managed IT services, contact center solutions, healthcare credentialing, travel technology, digital transformation, and automation services. Tollanis Solutions serves customers in healthcare, government, travel, entertainment, retail and ecommerce, and manufacturing. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18089) on June 19, 2026, with $183,304 in assets and $2,094,756 in liabilities. Stephen Smith, president, signed the petition. The Debtor tapped Chad Van Horn, Esq., at Van Horn Law Group, PA as counsel and Andrew L. Kramer, CPA, at Kramer Weiss & Menahem, PA as accountant. TOM'S METAL: Hires Eric J. Gravel as General Bankruptcy Counsel --------------------------------------------------------------- Tom's Metal Specialists Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Law Offices or Eric J. Gravel as counsel. The firm's services include: (a) advise the Debtor concerning its rights, powers, and duties; (b) advise and assist the Debtor concerning compliance with the Bankruptcy Code, Federal Rules of Bankruptcy Procedure, Bankruptcy Local Rules, and requirements of the Office of the United States Trustee; (c) prepare and file legal documents necessary or appropriate in the administration of the case; (d) advise and represent the Debtor concerning the use of cash collateral and other financing and operational matters; (e) advise and represent the Debtor concerning executory contracts and unexpired leases; (f) represent the Debtor in connection with motions for relief from stay, claims, and other contested matters arising in the Chapter 11 case; (g) assist the Debtor in the formulation, negotiation, preparation, and prosecution of a Chapter 11 plan and disclosure statement, if required; (h) appear before this Court and represent the Debtor at hearings, conferences, and other proceedings; and (i) perform such other legal services as may be necessary and appropriate in connection with the Debtor's Chapter 11 case. Eric Gravel, Esq., the primary attorney in this representation, will be billed at his hourly rate of $510, plus reimbursement. On July 7, 2026, the Debtor paid the firm a retainer in the amount of $25,000. Mr. Gravel disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric J. Gravel, Esq. Law Offices of Eric J. Gravel 1390 Market St., Suite 200 San Francisco, CA 94102 Telephone: (650) 931-6000 Email: ctnotices@gmail.com About Tom's Metal Specialists Inc. Tom's Metal Specialists, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-30601) on July 7, 2026. In the petition signed by Jinxia Jia, chief financial officer, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Eric J. Gravel, Esq., at The Law Offices of Eric J. Gravel, represents the Debtor as bankruptcy counsel. TOMCAT MECHANICAL: Gets Court Nod to Use Cash Collateral -------------------------------------------------------- Tomcat Mechanical, Inc. got the green light from the U.S. Bankruptcy Court for the Southern District of California to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral to pay its operating expenses, based on a court-approved budget, with no expenditure to exceed an additional 10% of any individual line item on the budget, for a total deviation of not more than 10% of the total budget. The Debtor is also authorized to carry forward to future months any budgeted but unused monies from previous months, without such carry forward counting toward the 10% variance. The budget projects $854,955 in total revenue and $573,248 in operational expenses for a period of 13 weeks. The Debtor's cash collateral consists of $378,669 in billed accounts receivable and incoming revenues, subject to security interests held by secured creditors. The U.S. Small Business Administration and other secured creditors will be granted adequate protection through a replacement lien on all assets of the Debtor, with the same validity, extent, and priority as their pre-petition liens. These replacement liens do not apply to Chapter 5 claims or causes of action. As additional protection, the SBA will receive a monthly payment of $3,078. The order is available at http://bankrupt.com/misc/TomcatMechanical_CCOrder23.pdf The court scheduled a final hearing for August 27 and set an August 13 deadline for filing objections. Tomcat disclosed alleged interference by several Merchant Cash Advance lenders—specifically GBR Funding West, Inc., ByzFunder NY LLC, OnDeck, and Strategic Funding Source, Inc. (Kapitus). Prior to the filing, GBR sent aggressive "UCC Lien Notices" directly to the Debtor's commercial clients (such as Pacific Coast Commercial Real Estate, Inc.), claiming the Debtor had "sold" its receivables and threatening customers with "double liability" if they failed to remit payments directly to GBR. This conduct caused severe customer confusion, leading several clients to pause projects or withhold payments altogether. The Debtor said these MCA agreements are not true sales of receivables, but rather disguised, high-risk loans carrying usurious annualized interest rates exceeding 100%, rendering them void and unenforceable under California lending laws. About Tomcat Mechanical Inc. Tomcat Mechanical, Inc. is a San Diego, California-based commercial HVAC and mechanical contracting firm that provides installation, maintenance, and repair services for commercial mechanical systems across Southern California. The company remains an active licensed contractor with the California Contractors State License Board and continues serving customers while operating as a debtor-in-possession during its Chapter 11 restructuring. Tomcat Mechanical, Inc. filed for protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03080) on July 17, 2026. In its petition, the Debtor reports estimated assets ranging from $500,000 to $1 million and estimated liabilities ranging from $1 million to $10 million. Honorable J. Barrett Marum handles the case. The Debtor is represented by Richard Sturdevant, Esq. at Financial Relief Law Center, APC. TOTAL AIR: Plan Confirmation Hearing Scheduled for Aug. 26 ---------------------------------------------------------- Judge Christopher G. Bradley of the U.S. Bankruptcy Court for the Western District of Texas conditionally approved the Disclosure Statement in support of Plan of Reorganization of Total Air Services, 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 Combined Hearing on the final approval of the Disclosure Statement and confirmation of the Plan, and the following Confirmation Schedule, are approved: * August 19, 2026, at 5:00 p.m. (MT) is fixed as the last day for filing and serving objections to final approval of the Disclosure Statement. * August 19, 2026, at 5:00 p.m. (MT) is also fixed as the last day for submitting ballots for acceptance or rejection of the Plan. Such ballots shall be submitted to counsel for the Debtor at the address set forth in the Disclosure Statement. Ballots shall not be filed with the Court. * August 19, 2026, at 5:00 p.m. (MT) is also fixed, pursuant to Bankruptcy Rule 3020(b)(1), as the last day for filing and serving written objections to confirmation of the Plan. Any objections to the Plan shall be accompanied by a memorandum of legal authorities supporting such objection. * August 26, 2026, at 11:00 a.m. (MT), is fixed as the time and place of the hearing on final approval of the Disclosure Statement combined with the hearing on confirmation of the Plan and any objections thereto. In a court filing, 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 A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=8MzbJz from PacerMonitor.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, 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 Debtor's legal counsel. TRANQUILITY FARMS: Claims to be Paid from Income & Sale Proceeds ---------------------------------------------------------------- Tranquility Farms, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Virginia a Plan of Reorganization for Small Business dated July 17, 2026. Tranquility Farms, LLC is a Virginia limited liability company organized on September 21, 2023, that owns property located at 3016 Royal Virginia Parkway, Louisa, Virginia. The property was formerly operated as the Royal Virginian Golf Course and includes a renovated two-story house, originally used as the golf course clubhouse, that has been converted for potential use as a bed and breakfast, transient housing, or hospitality and retreat destination. The property also includes a large storage/shop building. The debtor has two known creditors: Timothy A. Maloney, Trustee of the 101 General Trust, who holds a secured loan of approximately $600,000, and the Goochland County Treasurer, which holds a claim for 2025 and 2026 real estate taxes totaling $10,034.26. Before the bankruptcy filing, substantial improvements had been made to prepare the property for hospitality-related operations, and the debtor was exploring recreational and retreat uses. The property also continued to support an approximately five-acre charitable garden. The debtor has applied for county approval to operate a bed and breakfast but has not yet received final approval. It has also received letters of intent from parties interested in purchasing the property, and those discussions are ongoing. The debtor has maintained property insurance throughout the bankruptcy case. Financial projections estimate $61,116 in disposable income from operations over three years, including the proposed post-confirmation mortgage payments. The Chapter 11 Subchapter V plan proposes to fund creditor payments through cash flow from operations and the sale or refinancing of the property. The final plan payment is expected to be made on or before August 26, 2027, or one year after the plan's effective date if later. The plan states that non-priority unsecured creditors, of which there are currently none, are projected to receive 100% of their allowed claims. The plan also provides for payment of administrative and priority claims. Class 2 consists of the Secured Claim of Timothy A. Maloney. The plan addresses the secured claim held by Timothy A. Maloney, Trustee of the 101 General Trust, which is secured by a deed of trust on the property. Key terms include: * The note and deed of trust will be deaccelerated, reinstated, and modified upon the plan's effective date. * The allowed secured claim will consist of: -- $600,000.00 principal; -- $17,500.00 in estimated accrued interest through the anticipated effective date; -- Any additional costs, reasonable attorney's fees, and other amounts due under the loan documents. * The claim will bear 8.75% annual interest. * The debt will be amortized over 30 years (360 months) with monthly payments of $4,857.88. * A balloon payment will be due one year after the effective date, at which time the remaining balance will be paid through either sale or refinancing of the property. * The debtor will retain the property and begin making the monthly payments 30 days after the effective date until the balloon maturity date. * Maloney will retain its liens until the secured claim is paid, and any liens will attach to sale proceeds if the property is sold free and clear. The plan notes that Maloney had initiated foreclosure proceedings before the bankruptcy filing and that, because the creditor is oversecured, interest, attorney's fees, and other costs may continue to accrue under the loan documents. Property Valuation The plan references several valuations of the property: * A June 2025 appraisal valued the property at $1,104,000. * The 2026 Goochland County tax assessment valued the parcels at $911,100 and $1,000. * A current Zillow estimate lists the property at $942,100. The debtor believes these valuations do not fully reflect the property's recent improvements and anticipated commercial use. The plan will be funded through the debtor's disposable income and the sale or refinancing of the property. Arlene Simmons will remain the sole member and sole manager of Tranquility Farms, LLC after confirmation of the plan. A full-text copy of the Plan of Reorganization dated July 17, 2026 is available at https://urlcurt.com/u?l=aqO0TJ from PacerMonitor.com at no charge. Counsel to the Debtor: Robert B. Easterling, Esq. 2217 Princess Anne Street, Suite 100-2 Fredericksburg, VA 22401 Telephone: (540) 373-5030 Facsimile: (540) 373-5234 E-mail: eastlaw@easterlinglaw.com About Tranquility Farms LLC Tranquility Farms, LLC is a Louisa, Virginia-based company classified under the traveler accommodation industry. Tranquility Farms filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-31623) on April 18, 2026, with $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Arlene D. Simmons, manager, signed the petition. Judge Keith L. Phillips presides over the case. Robert B. Easterling, Esq., at Robert B. Easterling, Attorney at Law represents the Debtor as bankruptcy counsel. TRINSEO PLC: Committee Hires Willkie Farr & Gallagher as Counsel ---------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 cases of Trinseo PLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Willkie Farr & Gallagher LLP as counsel. The firm will render these services: (a) assist and advise the committee relative to the administration of these Chapter 11 cases; (b) assist and advise the committee in connection with various forms of relief sought by the Debtors; (c) assist and advise the committee in the evaluation and preservation of any claims and on any litigation matters, (d) assist and advise the committee in connection with the Debtors' debtor-in-possession financing facilities; (e) assist the committee in the review, analysis, and negotiation of the Debtors' proposed Chapter 11 plan of reorganization and any other Chapter 11 plan(s) of reorganization or liquidation that may be filed; (f) assist and advise the committee in connection with the Bankruptcy Local Rules and the practices in the Southern District of Texas; (g) generally, prepare on behalf of the committee all necessary legal papers in support of positions taken by the committee, and appear, as appropriate, before this Court and any appellate courts, and protect the interests of the committee before those courts and before the U.S. Trustee with respect to any of the above; and (h) perform all other necessary legal services in these Chapter 11 cases. The firm's hourly rates are as follows: Partners and Senior Counsel $1,950 - $2,795 Associates, Other Attorneys and Law Clerks $790 - $1,850 Paraprofessionals $420 - $680 In addition, the firm will seek reimbursement for expenses incurred. Brett Miller, Esq., a partner at Willkie Farr & Gallagher, also provided the following in response to the request for additional information set forth in Section D of the Revised U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: N/A. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: Willkie will discuss with the committee a proposed staffing plan and budget through August 31, 2026, to comply with the U.S. Trustee's requests for information and additional disclosures, and any other orders of the Court, recognizing that in the course of these chapter 11 cases there may be unforeseeable fees and expenses that will need to be addressed by the committee and Willkie. Mr. Miller disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brett H. Miller, Esq. Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019 About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Paul Hastings LLP and PJT Partners advised the Senior Secured Lenders. Gibson, Dunn & Crutcher LLP and Howley Law PLLC represent the OpCo 2028 Ad Hoc Group of lenders. Lazard Freres & Co. also represents the group. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP represent an ad hoc group of holders of 7.625% Second Lien Senior Secured Notes due 2029. TRINSEO PLC: Minority Creditors Want to File Rival Bankruptcy Plan ------------------------------------------------------------------ James Nani of Bloomberg Law reports that A minority group of lenders has asked a Texas bankruptcy court to end Trinseo Plc's exclusive control over the Chapter 11 plan process, arguing that the chemical company's proposed restructuring is fundamentally unfair and incapable of confirmation. The lenders claim the plan improperly relies on $1.5 billion in intercompany obligations that dilute the claims of legitimate first-lien creditors while benefiting a favored class of insiders. According to the motion, the disputed intercompany claims distort the bankruptcy process by shifting value away from secured creditors and handing control of the reorganized company to preferred lenders. The minority creditor group said it has prepared a fully financed alternative restructuring plan, backed by CastleKnight Management LP, that would provide superior recoveries and a fairer distribution of value. Trinseo sought Chapter 11 protection to restructure its balance sheet after years of earnings pressure driven by weak market conditions and elevated borrowing costs. Company officials have argued that the current restructuring support agreement provides the best opportunity to reduce debt and stabilize the business, the report states. The motion could reshape the course of the bankruptcy if the court allows competing plans to proceed. Approval would enable creditors to evaluate alternative restructuring proposals instead of considering only the debtor's plan, setting the stage for a broader contest over Trinseo's emergence from Chapter 11, according to Bloomberg. About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Paul Hastings LLP and PJT Partners advised the Senior Secured Lenders. Gibson, Dunn & Crutcher LLP and Howley Law PLLC represent the OpCo 2028 Ad Hoc Group of lenders. Lazard Freres & Co. also represents the group. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP represent an ad hoc group of holders of 7.625% Second Lien Senior Secured Notes due 2029. TRUE BELIEVERS: Court OKs Deal on Cash Collateral Access -------------------------------------------------------- True Believers, LLC got the green light from the U.S. Bankruptcy Court for the Western District of Wisconsin to use cash collateral and provide adequate protection in accordance with its agreement with Wisconsin Women's Business Initiative Corporation. The Debtor, a state-licensed outpatient integrated behavioral health treatment clinic, operates as a debtor-in-possession with Iana Vladimirova appointed as the Subchapter V Trustee. Because the Debtor lacks unencumbered cash accounts and relies entirely on its behavioral health clinic operations for income including ongoing contractual revenue generated through Dane County Health and Human Services, it requires authorization to use cash collateral to maintain business operations, meet payroll, and pay rent necessary for its reorganization. Under a March 11, 2025 Subordination Agreement with the SBA, WWBIC holds a first-priority perfected security interest in all of the Debtor's tangible and intangible personal property, accounts, inventory, equipment, and a 2015 Yukon truck (secured via a UCC-1 filing on November 12, 2021). The Debtor's schedules list the aggregate value of this collateral at $81,243 against a prepetition principal loan balance owed to WWBIC of $297,403. To protect WWBIC's security interest while allowing interim cash collateral usage, the parties agreed to an adequate protection framework: WWBIC retains its first-priority prepetition and postpetition security interests in the Debtor's accounts and personal property, and the Debtor must make monthly adequate protection payments of $2,044.65 starting May 15, 2026 (calculated based on an 8.25% annual interest rate over a 10-year amortization schedule). WWBIC makes no commitment to support any future Subchapter V plan of reorganization. In the event of a default, WWBIC must provide written notice via email, after which the Debtor has 7 days to cure; if left uncured, WWBIC may request a hearing for relief from the automatic stay under 11 U.S.C. section 362 to pursue remedies. The terms of the stipulation remain effective until either an uncured default occurs or a plan of reorganization becomes effective, with the bankruptcy court retaining jurisdiction to enforce the order and both parties reserving the right to execute future written amendments. A copy of the motion is available at https://urlcurt.com/u?l=HH6eoP from PacerMonitor.com. About True Believers LLC True Believers LLC, a Department of Health and Human Services-certified outpatient clinic, provides mental health and substance abuse services in Wisconsin. The agency offers psychotherapy, psychoeducation, coping skills, meditation, medication management, and limited case management, with specialized support for gender dysphoria and transgender care. Its staff includes licensed substance abuse professionals, licensed professional counselors, and master's-level mental health providers with over 20 years of experience. True Believers sought relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wis. Case No. 26-10365) on Feb. 24, 2026, listing up to $50,000 in assets and $1 million to $10 million in liabilities. Angela Reed as managing member, signed the petition. Krekeler Law, S.C. serves as the Debtor's legal counsel. Wisconsin Women's Business Initiative Corporation, is represented by Ben Payne, Esq. at Rose Payne SC. U.S. TELEPACIFIC: Davis Polk, Haynes Represent Ad Hoc Lenders Group ------------------------------------------------------------------- In the Chapter 11 cases of U.S. TelePacific Corp. and its debtor-affiliates, Davis Polk & Wardwell LLP and Haynes and Boone, LLP filed with the United States Bankruptcy Court for the Southern District of Texas in Houston a Joint Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court the law firms represent an ad hoc group of holders of: (i) the prepetition first lien loans (the "Prepetition First Lien Loans"), issued pursuant to that certain First Lien Senior Secured Credit Agreement, dated as of June 1, 2023 (as amended and restated, supplemented, or otherwise modified from time to time), by and among U.S. TelePacific Corp., (the "Prepetition Borrower"), as borrower, U.S. TelePacific Holdings Corp. (the "Prepetition Parent"), as parent, the subsidiary guarantors party thereto, Wilmington Savings Fund Society, FSB ("WSFS"), as administrative agent and collateral agent and the lenders party thereto, (ii) the prepetition third lien loans (the "Prepetition Third Lien Loans"), issued pursuant to that certain Third Lien Senior Secured Credit Agreement, dated as of June 1, 2023 (as amended and restated, supplemented, or otherwise modified from time to time), by and among the Prepetition Borrower, as borrower, the Prepetition Parent, as parent, the subsidiary guarantors party thereto, WSFS, as administrative agent and collateral agent and the lenders party thereto and (iii) initial DIP term loans (the "DIP Term Loans") issued pursuant to that certain Senior Secured Superpriority Debtor-In-Possession Term Loan Credit Agreement, dated as of July 1, 2026, by and among the Prepetition Borrower, as borrower, the Prepetition Parent, as parent, the Subsidiary Guarantors party thereto, the Lenders party thereto and WSFS, as Agent. According to the Ad Hoc Group's Verified Statement: 1. In February 2025, the Ad Hoc Group engaged Davis Polk to represent it in connection with the Members’ holdings of prepetition indebtedness of the Debtors. In or around April 2026, the Ad Hoc Group engaged Haynes and Boone to act as co-counsel in the Chapter 11 Cases. 2. As of the date of this Statement, 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 Chapter 11 Cases. In addition, the Ad Hoc Group does not claim or purport to represent any other entity and undertakes no duties or obligations to any entity. 3. The Members, collectively, beneficially own (or are the investment advisors or managers for funds that beneficially own) or manage approximately: -- $359 million in aggregate principal amount of the Prepetition First Lien Loans, -- $27.6 million in aggregate principal amount of the Prepetition Third Lien Loans, and -- $54.5 million in aggregate amount of the DIP Term Loans. Additionally, certain of the Members have committed to fund the Second Draw Term Loans under the DIP Facility (each as defined in the Interim DIP Order). 4. Upon information and belief formed after due inquiry, Counsel does not hold any claim against, or interests in, the Debtors or their estates, other than claims for fees and expenses incurred in representing the Ad Hoc Group. 5. Counsel submits this Statement out of an abundance of caution, and nothing herein should be construed as an admission that the requirements of Bankruptcy Rule 2019 apply to Counsel's representation of the Ad Hoc Group or the Ad Hoc Group constitutes a "group" (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended or any successor provision), including any group acting for the purpose of acquiring, holding, or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended or any successor provision). 6. Nothing contained in this Statement, including Exhibit A hereto, should be construed as -- a waiver or release of any claims against the Debtors by any Member, -- an admission with respect to any fact or legal theory or -- a limitation upon, or waiver of, any Member's right to file and/or amend a proof of claim in accordance with applicable law and any orders entered in the Chapter 11 Cases establishing procedures for filing proofs of claim or interests. 7. Counsel reserves the right to amend or supplement this Statement. 8. The information outlined is based upon information provided by the Members to Davis Polk and is subject to change. The name, address, nature and amount of all disclosable economic interests of each Member, are: 1. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Anchorage Capital Advisors, L.P., or a subsidiary or an affiliate thereof 610 Broadway 6th Floor New York, NY 10012 Nature and Amount of Disclosable Economic Interest * $12,922,644.38 in aggregate principal amount of Prepetition First Lien Loans * $1,356,357.32 in aggregate principal amount of Prepetition Third Lien Loans * $1,592,265.01 in aggregate principal amount of DIP Term Loans 2. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Apollo Capital Management, L.P., or a subsidiary or an affiliate thereof 9 West 57th Street 41st Floor New York, NY 10019 Nature and Amount of Disclosable Economic Interest * $61,574,502.30 in aggregate principal amount of Prepetition First Lien Loans * $7,681,659.68 in aggregate principal amount of Prepetition Third Lien Loans * $8,047,710.66 in aggregate principal amount of DIP Term Loans 3. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Arbour Lane Capital Management LP, or a subsidiary or an affiliate thereof 700 Canal Street 4th Floor Stamford, CT 06902 Nature and Amount of Disclosable Economic Interest * $76,817,020.93 in aggregate principal amount of Prepetition First Lien Loans * $3,695,743.51 in aggregate principal amount of Prepetition Third Lien Loans * $13,888,862.79 in aggregate principal amount of DIP Term Loans 4. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Bank of America, N.A., or a subsidiary or an affiliate thereof 150 N College Street Charlotte, NC 28255 Nature and Amount of Disclosable Economic Interest * $21,068,901.61 in aggregate principal amount of Prepetition First Lien Loans * $1,273,718.39 in aggregate principal amount of Prepetition Third Lien Loans * $3,809,352.18 in aggregate principal amount of DIP Term Loans 5. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Brightwood Capital Advisors, LLC, or a subsidiary or an affiliate thereof 810 Seventh Avenue 26th Floor New York, NY 10019 Nature and Amount of Disclosable Economic Interest * $32,861,164.71 in aggregate principal amount of Prepetition First Lien Loans * $2,762,942.76 in aggregate principal amount of Prepetition Third Lien Loans * $5,751,467.54 in aggregate principal amount of DIP Term Loans 6. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Ellington Management Group, L.L.C., or a subsidiary or an affiliate thereof 53 Forest Avenue Suite 301 Old Greenwich, CT 06870 Nature and Amount of Disclosable Economic Interest * $19,386,225.07 in aggregate principal amount of Prepetition First Lien Loans * $1,652,361.45 in aggregate principal amount of Prepetition Third Lien Loans * $2,536,555.50 in aggregate principal amount of DIP Term Loans 7. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Fortress Credit Advisors LLC, or a subsidiary or an affiliate thereof 1345 Avenue of the Americas 46th Floor New York, NY 10105 Nature and Amount of Disclosable Economic Interest * $23,462,980.68 in aggregate principal amount of Prepetition First Lien Loans * $2,090,799.36 in aggregate principal amount of Prepetition Third Lien Loans * $3,069,971.21 in aggregate principal amount of DIP Term Loans 8. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Main Street Capital Corporation, or a subsidiary or an affiliate thereof 1300 Post Oak Blvd. 9th Floor Houston, TX 77056 Nature and Amount of Disclosable Economic Interest * $20,159,468.41 in aggregate principal amount of Prepetition First Lien Loans * $1,694,993.40 in aggregate principal amount of Prepetition Third Lien Loans * $3,644,922.56 in aggregate principal amount of DIP Term Loans 9. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Man Investment (US) Loan Management LLC, or a subsidiary or an affiliate thereof 299 Park Avenue 24th Floor New York, NY 10171 Nature and Amount of Disclosable Economic Interest * $15,295,043.86 in aggregate principal amount of Prepetition First Lien Loans * $1,285,996.13 in aggregate principal amount of Prepetition Third Lien Loans * $2,001,252.32 in aggregate principal amount of DIP Term Loans 10. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by MJX Asset Management, LLC, or a subsidiary or an affiliate thereof 12 E 49th Street 38th Floor New York, NY 10017 Nature and Amount of Disclosable Economic Interest * $17,154,311.25 in aggregate principal amount of Prepetition First Lien Loans * $2,083,455.42 in aggregate principal amount of Prepetition Third Lien Loans * $601,588.67 in aggregate principal amount of DIP Term Loans 11. Morgan Stanley Senior Funding Inc., on behalf of its New York Distressed Debt Trading Desk, and not on behalf of any of its other businesses or those of its affiliates 1585 Broadway 3rd Floor New York, NY 10036 Nature and Amount of Disclosable Economic Interest * $34,129,165.17 in aggregate principal amount of Prepetition First Lien Loans * $198,734.60 in aggregate principal amount of Prepetition Third Lien Loans * $6,170,706.53 in aggregate principal amount of DIP Term Loans 12. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Sound Point Capital Management, LP, or a subsidiary or an affiliate thereof 375 Park Avenue 34th Floor New York, NY 10152 Nature and Amount of Disclosable Economic Interest * $24,145,010.63 in aggregate principal amount of Prepetition First Lien Loans * $1,835,003.23 in aggregate principal amount of Prepetition Third Lien Loans * $3,408,239.59 in aggregate principal amount of DIP Term Loans The firms may be reached at: Charles A. Beckman, Jr., Esq. Kelli S. Norfleet, Esq. Arsalan Muhammad, Esq. David A. Trausch, Esq. HAYNES AND BOONE, LLP 1221 McKinney Street, Suite 4000 Houston, TX 77010 Tel: (713) 547-2000 Fax: (713) 547-2600 E-mail: charles.beckham@haynesboone.com kelli.norfleet@haynesboone.com arsalan.muhammad@haynesboone.com david.trausch@haynesboone.com - and - Damian S. Schaible, Esq. Natasha Tsiouris, Esq. Michael Pera, Esq. David Kratzer, Esq. Kyle Kreider, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York, NY 10017 Tel: (212) 450-4000 Fax: (212) 701-5800 E-mail: damian.schaible@davispolk.com natasha.tsiouris@davispolk.com michael.pera@davispolk.com david.kratzer@davispolk.com kyle.kreider@davispolk.com About U.S. TelePacific Corp. U.S. TelePacific Corp., is an American independent telephone firm. The companny is doing business as, TPx Communications that provides telecommunication services. It offers local and long distance voice, data, cloud storage, internet access, communications, and collaboration services, as well as remote work, managed IT, and connectivity solutions. TPx Communications serves customers in the United States. U.S. TelePacific Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 4:26-bk-90625) on June 28, 2026. In its petition, the Debtor reports estimated assets of $100 million to $500 million and estimated liabilities of $1 billion to $10 billion. The Honorable Bankruptcy Judge Alfredo R. Perez handles the cases. Steven Shenker is appointed the Chief Restructuring Officer of U.S. TelePacific Corp. Sidley Austin LLP is serving as U.S. TelePacific's general bankruptcy counsel; Triple P TRS, LLC (PPP), as financial advisor while PJT Partners, Inc., as investment banker. Kroll Restructuring Administration LLC is also serving as U.S. TelePacific's claims, noticing, and solicitation agent; and Katten Muchin Rosenman LLP, as special counsel. U.S. TELEPACIFIC: Hires Katten Muchin Rosenman as Legal Counsel --------------------------------------------------------------- U.S. TelePacific Corp. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Katten Muchin Rosenman LLP as counsel to Debtor U.S. TelePacific Holdings Corp. at the sole direction of the special committee of the board of directors. The firm will conduct independent investigation into whether U.S. TelePacific Holdings Corp. holds potentially valuable and viable claims against related parties. The firm's professionals will be paid at these hourly rates: Partner $1,370 - $2,645 Of Counsel $1,220 - $2,310 Counsel and Special Staff $670 - $1,775 Associate $835 - $1,315 Paralegal $350 - $945 In addition, the firm will seek reimbursement for expenses incurred. Prior to the Petition Date, the firm received $300,000 in advance fee deposits from the Debtors. Steven Reisman, Esq., a partner at Katten Muchin Rosenman, 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: Steven J. Reisman, Esq. Katten Muchin Rosenman LLP 525 W. Monroe St. Chicago, IL 60661 Telephone: (312) 902-5200 About U.S. TelePacific Corp. U.S. TelePacific Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex., Case No. 26-90625) on June 28, 2026. The case is jointly administered in Case No. 26-90625. The Debtors disclosed up to $500 million in assets and up to $10 billion in liabilities. Judge Alfredo R. Perez oversees the case. The Debtors tapped Sidley Austin LLP and Katten Muchin Rosenman LLP as counsel; Triple P TRS, LLC as restructuring advisor; and PJT Partners LP as investment banker. U.S. TELEPACIFIC: Hires Triple P TRS as Restructuring Advisor ------------------------------------------------------------- U.S. TelePacific Corp. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Triple P TRS, LLC as restructuring advisor. The firm will provide Steven Shenker as chief restructuring officer (CRO) and certain additional personnel to the Debtors. The CRO and additional personnel will provide these services: (a) assist in the evaluation and/or development of a short-term cash flow model and/or related liquidity management tools for the Debtors for such purpose(s) as they may require; (b) assist in the evaluation and/or development of a business plan and/or such other related forecasts and analyses for the Debtors for such purpose(s) as they may require; (c) assist in the evaluation and/or development of various strategic and/or financial alternatives and financial analyses for such purpose(s) as the Debtors may require; (d) attend meetings of the board of directors (or similar governing body) of the Debtors with respect to matters on which Portage Point has been engaged to advise under the Engagement Letters; (e) assist the Debtors in their engagement and negotiations with their various constituents; (f) assist in the development and distribution of other information that may be required by the Debtors or the constituents; (g) assist in the evaluation and implementation of contingency planning related to the Debtors' commencing or otherwise becoming the subject of a case under the Bankruptcy Code; (h) assist in obtaining and presenting information required by parties-in-interest in a Chapter 11 case; (i) provide testimony, as necessary, with respect to matters on which Portage Point has been engaged to advise under the Engagement Letters in any proceeding in a Chapter 11 case; (j) assist in the preparation of other business, financial and/or other reporting related to a Chapter 11 case; (k) perform financial due diligence and provide incremental support; and (l) provide the Debtors with assistance on such other matters as may be requested by them that are within Portage Point's expertise and otherwise mutually agreeable to them and to Portage Point. The firm's counsel will be paid at these hourly rates: CEO $1,500 Service Line Leader $885 - $1,045 Chief Restructuring Officer $985 Managing Director $830 - $985 Director $655 - $840 Vice President $490 - $705 Associate $390 - $470 In addition, the firm will seek reimbursement for expenses incurred. In the 90 days prior to the Petition Date, Portage Point received payments totaling $2,600,000 in the aggregate for services performed for the Debtors. Mr. Shenker 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: Steven Shenker Triple P TRS, LLC 300 N La Salle Dr., #1420 Chicago, IL 60654 Telephone: (312) 781-7520 About U.S. TelePacific Corp. U.S. TelePacific Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex., Case No. 26-90625) on June 28, 2026. The case is jointly administered in Case No. 26-90625. The Debtors disclosed up to $500 million in assets and up to $10 billion in liabilities. Judge Alfredo R. Perez oversees the case. The Debtors tapped Sidley Austin LLP and Katten Muchin Rosenman LLP as counsel; Triple P TRS, LLC as restructuring advisor; and PJT Partners LP as investment banker. U.S. TELEPACIFIC: Seeks to Hire PJT Partners as Investment Banker ----------------------------------------------------------------- U.S. TelePacific Corp. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ PJT Partners LP as investment banker. The firm's services include: (a) assist in the evaluation of the Debtors' businesses and prospects; (b) assist in the development of the Debtors' long-term business plan and related financial projections; (c) assist in the development of financial data and presentations to the Board, various creditors and other third parties; (d) analyze the Debtors' financial liquidity and evaluate alternatives to improve such liquidity; (e) analyze various restructuring scenarios and the potential impact of these scenarios on the recoveries of those stakeholders impacted by the restructuring; (f) provide strategic advice with regard to restructuring or refinancing the Debtors' obligations; (g) evaluate the Debtors' debt capacity and alternative capital structures; (h) participate in negotiations among the Debtors and their creditors, suppliers, lessors and other interested parties; (i) value securities offered by the Debtors in connection with a restructuring; (j) advise the Debtors and negotiate with lenders with respect to potential waivers or amendments of various credit facilities; (k) assist in arranging financing for the Debtors, as requested; (l) provide expert witness testimony concerning any of the subjects encompassed by the other investment banking services; (m) assist the Debtors in preparing marketing materials in conjunction with a possible transaction; (n) assist the Debtors in identifying potential buyers or parties-in-interest to a transaction and assist in the due diligence process; (o) assist and advise the Debtors concerning the terms, conditions and impact of any proposed transaction; and (p) provide such other advisory services as are customarily provided in connection with the analysis and negotiation of a transaction similar to a potential transaction, restructuring, and/or capital raise, as requested and mutually agreed. The firm will be paid at these fee structures: (a) Monthly Fee of $175,000; (b) Capital raising Fee: (i) Senior Debt. 1.5 percent of the total issuance and/or committed amount of senior debt financing, excluding senior debt financing that is or may constitute a Structured Financing; (ii) Structured Financing/Junior Debt/Unsecured Debt Financing. 3.0 percent of the total issuance and/or committed amount of (i) Structured Financing (ii) junior debt financing, or (iii) unsecured debt financing; and (iii) Equity Financing. 5.0 percent of the issuance and/or committed amount of equity financing; (c) Restructuring Fee of $6,500,00; (d) Transaction Fee calculated as (i) 3.0 percent of the Transaction Value (defined below) of up to $200,000,000, plus (ii) 4.25 percent of the Transaction Value in excess of $200,000,000; provided that, the minimum Transaction Fee in respect of any Transaction or series of related, contemporaneous Transactions shall be $5,500,000; and (e) Fee Cap – all Capital Raising Fees, Transaction Fees and the Restructuring Fee paid shall not exceed $10,000,000. In addition, the firm will seek reimbursement for expenses incurred. William Evarts, a partner at PJT Partners, 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: William Evarts PJT Partners LP 280 Park Ave. New York, NY 10017 Telephone: (212) 364-7800 About U.S. TelePacific Corp. U.S. TelePacific Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex., Case No. 26-90625) on June 28, 2026. The case is jointly administered in Case No. 26-90625. The Debtors disclosed up to $500 million in assets and up to $10 billion in liabilities. Judge Alfredo R. Perez oversees the case. The Debtors tapped Sidley Austin LLP and Katten Muchin Rosenman LLP as counsel; Triple P TRS, LLC as restructuring advisor; and PJT Partners LP as investment banker. U.S. TELEPACIFIC: Seeks to Tap Sidley Austin as Bankruptcy Counsel ------------------------------------------------------------------ U.S. TelePacific Corp. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Sidley Austin LLP as counsel. The firm's services include: (a) provide legal advice with respect to the Debtors' powers and duties in the continued operation of their business; (b) take all necessary action to protect and preserve the Debtors' estates; (c) prepare on behalf of the Debtors all necessary legal papers in connection with the administration of their estates; (d) advise the Debtors concerning, and prepare responses to, legal 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) 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 it to obtain confirmation of such plan, and take such further actions as may be required in connection with the implementation of such plan; (g) advise the Debtors regarding their marketing and sale process and file pleadings related thereto; (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 them 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 they requested; and (j) perform all other necessary legal services in connection with the prosecution of these Chapter 11 cases. The firm's counsel will be paid at these hourly rates: Partners $1,770 - $2,870 Associates $910 - $1,855 Paraprofessionals $510 - $805 In addition, the firm will seek reimbursement for expenses incurred. Prior to the Petition Date, Sidley received approximately $10,750,000 in the aggregate from the Debtors as a retainer. Anthony Grossi, 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: Anthony Grossi, Esq. Sidley Austin LLP 1 S Dearborn St. Chicago, IL 60603 Telephone: (312) 853-7000 About U.S. TelePacific Corp. U.S. TelePacific Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex., Case No. 26-90625) on June 28, 2026. The case is jointly administered in Case No. 26-90625. The Debtors disclosed up to $500 million in assets and up to $10 billion in liabilities. Judge Alfredo R. Perez oversees the case. The Debtors tapped Sidley Austin LLP and Katten Muchin Rosenman LLP as counsel; Triple P TRS, LLC as restructuring advisor; and PJT Partners LP as investment banker. VALCOUR PACKAGING: S&P Alters Outlook to Neg., Affirms 'CCC+' ICR ----------------------------------------------------------------- S&P Global Ratings revised S&P's outlook on Valcour Packaging LLC to negative from stable. At the same time, S&P affirmed its 'CCC+' issuer credit rating on the company. S&P said, "We also affirmed our 'B' issue-level rating and '1' recovery rating on the super-priority first-lien debt, 'CCC' issue-level rating and '5' recovery rating on the super-priority second-lien debt, and 'CCC-' issue-level rating and '6' recovery rating on the super-priority third-lien debt. "The negative outlook reflects our forecast for negative cash flows due to the combination of higher resin prices amid the Iran conflict and the conversion of PIK interest to cash interest on the A-2 and A-3 term loan tranches in June. The outlook also reflects increasing refinancing risk given the A-1 and A-2 term loan tranches mature in October 2028. "We continue to view Valcour Packaging LLC's capital structure as unsustainable and believe negative cash flows will further reduce the company's liquidity ahead of its upcoming maturities. "The negative outlook reflects our forecast for continued negative cash flows. Following Valcour Packaging's debt exchange in 2024, reported free cash flow has remained negative and liquidity has steadily decreased. The company reported a free cash flow deficit of $8.3 million in 2025, and we forecast a shortfall of $20 million-$30 million in 2026. We believe the combination of higher resin prices and the conversion of PIK interest to cash interest on the A-2 and A-3 term loan tranches in June will pressure cash generation. We estimate the conversion to cash interest on A-2 and A-3 will increase debt-service costs by approximately $6 million in 2026 and about $12 million in 2027. We expect Valcour Packaging to pass-through the increase in its raw material costs within a 60-day lag. However, higher prices will result in a greater use of cash from an increase in net working capital, primarily due to higher inventories and accounts receivables. "We believe Valcour Packaging's high cash balance and undrawn asset-based lending (ABL) facility provide sufficient liquidity for the next 12 months. Valcour Packaging ended the first quarter with approximately $103 million of available liquidity, comprising $68 million of cash and $35 million of availability on its undrawn ABL facility due 2030. In July 2025, the company extended the maturity on its ABL facility to July 29, 2030, from October 4, 2026. However, the ABL facility is subject to a springing maturity 91 days prior to the A-1 and A-2 term loans' October 2028 maturity date. Although we believe a near-term liquidity crisis is unlikely, we view Valcour Packaging's capital structure as unsustainable in the long term. "We expect S&P Global Ratings-adjusted EBTIDA and leverage to remain close to prior-year levels. Volumes increased about 3.0% in 2025 due to the company's commercial execution within its pharmaceutical, nutrition, and specialty food end markets. Earnings significantly improved during the year, primarily due to the reduction of one-time costs associated with the debt exchange in 2024, which amounted to more than $13.0 million. In 2026, we expect modest growth in both volumes and EBITDA following the positive momentum in bookings late in the first quarter. We forecast EBITDA growth from slightly higher volumes will be partially offset by unfavorable net price due to a temporary lag in the pass-through of higher resin costs. As such, we estimate S&P Global Ratings-adjusted leverage will remain close to 18.5x in 2026. "The negative outlook reflects our forecast for negative cash flows due to the combination of higher resin prices amid the Iran conflict and the conversion of PIK interest to cash interest on the A-2 and A-3 term loan tranches in June. The outlook also reflects increasing refinancing risk given the A-1 and A-2 term loan tranches mature in October 2028." S&P could lower its rating on Valcour Packaging if: -- Operating performance deteriorates and cash flows are weaker than anticipated, pressuring liquidity such that S&P believes a payment default or distressed restructuring is likely within the next 12 months; or -- It does not address its 2028 debt maturities in a timely manner. S&P could raise its rating on Valcour Packaging if: -- The company improves its earnings such that it generates sufficient free cash flow to fund operations, capex, and debt-service costs; and -- S&P views its capital structure as sustainable. This would require the company to address its 2028 and 2029 debt maturities in a timely manner. VE LAKEVIEW: Trigild IVL Appointed as Receiver ---------------------------------------------- The Hon. Tilman E. Self, III of the U.S. District Court for the Middle District of Georgia, Macon Division, entered an agreed order directing the appointment of Trigild IVL, LLC, as receiver for VE Lakeview LP. Federal Home Loan Mortgage Corporation (Freddie Mac) requested the appointment of a receiver. Trigild IVL, LLC, is appointed as receiver of the real property, fixtures, and personal property of Defendant VE Lakeview LP, a Georgia limited partnership in which Freddie Mac maintains a security interest pursuant to a Multifamily Deed to Secure Debt, Assignment of Rents, and Security Agreement effective September 24, 2021 (the "Security Instrument") executed by Borrower, as grantor, in favor of Walker & Dunlop, as grantee, for the benefit of Freddie Mac, and recorded on October 5, 2021 , in the Superior Court of Peach County, Georgia. Within ten business days from the date of this Order, Receiver shall file a Bond in the amount of $10,000, insuring faithful performance of Receiver's duties as hereinafter provided. Receiver shall take physical possession, and have exclusive control of the Property, including but not limited to all land, buildings, structures, leases, leasehold interests, fixtures, and moveable personal property that is a part of the Property or is located thereon, plus all accounts, including bank, security deposit, and operating accounts, all rents, prepaid rents, security deposits, and income thereof, insurance, condemnation awards, payments, and proceeds, whether held or maintained by Defendant or any other person or entity. Until further Court order, Receiver shall hold and maintain the Property in good condition and repair, reasonable wear and tear excepted, and shall collect the Rents, Issues, and Profits, the same to be held and disbursed pursuant to the terms of this Order. Receiver shall market the Property for lease to potential tenants, and may, without further Court order, negotiate, and enter into leases containing reasonable rental terms, and conditions as may exist from time to time for similar properties available in Peach County, Georgia. Receiver also may take such reasonable action as Receiver shall deem necessary to enforce, modify, or terminate all leases currently in place on the Property, and those which may hereafter be made by Receiver. Receiver shall pay all costs, and expenses of the Property incurred subsequent to the date of this Order, including, but not limited to, utilities, insurance premiums, expenses of repair, replacement, maintenance, real estate brokerage or other leasing fees, Property management fees, taxes, and assessments levied against the Property, all such payments to be made from Rents, Issues, and Profits collected or received. Unless deemed necessary by the Receiver to preserve or maintain the Property, Receiver shall not, without prior approval of Plaintiff or the Court, pay or agree to pay for expenses of the Property incurred by Defendant prior to the date of this Order. Receiver shall not, without prior approval of Plaintiff, make capital improvements or substantial repairs exceeding $10,000 for one repair to the Property, except in case of life safety emergency issues, to heat or cool the Property, supply hot water to the tenants of the Property, or to comply with the requirements of any municipal department or other authority of the State of Georgia. All Rents, Issues, and Profits collected or received by Receiver shall first be applied to the costs of taking control of, and managing the Property, and collecting the Rents, Issues, and Profits thereof, including, but not limited to, attorneys' fees, Receiver's fees, costs of repairs to the Property, premiums on insurance policies except for the Receiver's business insurance policy, taxes, assessments, amounts due on liens senior to the lien of Plaintiff, and other charges on the Property, and to the costs of discharging any other obligations of Receiver. Subject to Plaintiffs approval, Receiver also may draw on any reserve and repair escrow account being maintained by Plaintiff under the loan for the benefit of the Property, such funds to be used to preserve, maintain, and repair the Property. Receiver is authorized to employ, and pay for such property managers, rental agents, on-site managers, accountants, attorneys, security guard services, maintenance services, contractors, and providers of materials and supplies as may be reasonably necessary to carry out the duties, and satisfy the responsibilities, of Receiver. Freddie Mac shall be provided at least five business days' advance written notice prior to the Receiver entering into any proposed contract, or any proposed modification to an existing contract, under which the Receiver's obligation exceeds or reasonably could exceed $25,000, before it is executed. Proposed contracts that exceed the $25,000 limit set forth in this Order shall not be valid, and shall be of no force and effect, unless and until Freddie Mac approves. Receiver is authorized to market the Property for sale and to sell the Property subject to: (i) approval by Freddie Mac and the Court (following notice to all parties in interest, including Defendant), and (ii) Conservator consent under 12 U.S.C. However, Receiver shall not: -- enter into any listing or marketing agreements for the sale of the Property, -- terminate any existing listing or marketing agreements for the sale of the Property, -- enter into any sales contracts, or -- terminate any sales contracts without prior written approval by Freddie Mac. Subject to Freddie Mac's approval, Receiver is authorized to employ and pay for tax professionals to appeal the real estate taxes payable on the Property. During the term of the receivership, Receiver is authorized to purchase or pay for continuing personal, real property, and casualty insurance for the Property in commercially reasonable amounts as may be reasonably necessary to carry out the duties, and/or satisfy the responsibilities, of Receiver. No later than 45 business days after the date of this order, Receiver shall furnish the parties with a projection of income, and expenses necessary for the operation of the Property, and a takeover report, including, but not limited to, information regarding the physical condition of the Property, occupancy, operations, and the preliminary plan to address any Property issues. Upon Plaintiffs or Defendant's request, Receiver shall make available for examination, inspection, and copying, the records, books of account, ledgers, and all other business records related to the Property, wherever located, and in whatever mode maintained. Receiver shall receive reasonable compensation for the performance of Receiver's duties. Receiver shall be paid at the rate of $500.00 per hour with a minimum charge of $4,000 per month. Receiver shall be paid for additional receivership services, as necessary, on an interim basis from Property income during the Receivership, subject to final approval of Freddie Mac and the Court. Defendant, and its officers, directors, general partners, agents, Property managers, architects, contractors, subcontractors, and employees, and all other persons with actual or constructive knowledge of this order, and their agents, and employees, shall immediately turnover to Receiver: -- Possession and control of the Property, and the records, books of account, ledgers, and all other business records; -- All documents that constitute or pertain to licenses, permits or governmental approvals that relate to the Property; -- All documents pertaining to past, present, or future construction of any type with respect to the Property including, without limitation, plans, surveys, and architectural drawings -- All keys (master, copies, and key fobs/cards, and security and/or alarm codes, and including keys to all equipment), supplies, materials, equipment, or any other personal Property used in connection with the operation of the Property. Receiver shall not undertake any borrowings, incur any other secured obligations, or suffer or permit any liens or encumbrances on the Property unless authorized by Plaintiff. Within three business days following the entry of this Order, Defendant shall provide the Receiver with copies of all existing insurance policies for the Property, the assets of the Receivership estate, or maintained by Defendant for or with respect to the Property. Freddie Mac and FHFA shall be named as additional insureds on the Receiver's Business Insurance. Each insurance carrier providing Receiver's Business Insurance and Property Management Insurance, whether admitted or non-admitted, must comply with a minimum (1) A. M. Best Financial Strength Rating of A- and (2) A.M. Best Financial Size Category of VII or better. The maximum deductible or self-insured retention or any combination thereof for each coverage shall be no more than $25,000. The premiums for insurance policies and deductibles for all Receiver Business Insurance shall not be expenses of the Receivership estate. The Receiver will, upon appointment, provide certificates to Freddie Mac evidencing insurance coverages, and thereafter, upon Freddie Mac's request. The Receiver will promptly notify Freddie Mac of any material change in insurance coverages. Upon relinquishing possession, and control of the Property, and having paid all costs, and expenses of the receivership as authorized by this Order, Receiver shall not pay any net remaining receivership funds to any person until such time as Receiver's final accounting has been approved, and such payment is authorized by the Court. Any liability incurred by, or recourse against, the Receiver for gross negligence, willful misconduct, malfeasance, bad faith, reckless disregard of duties, or actions in violation of orders of this Court, will be limited in order of priority first to applicable insurance coverages inuring to the Property and to the Receiver (including its employees, agents, attorneys, other professionals or contractors), second to the Receiver Bond, and third to the Property Funds generated by the Property and received by the Receiver in the course of the Receivership. The Receiver shall be vested with all the powers and responsibilities ofa receiver as provided in this Order, subject to the rights, titles, powers, privileges, and functions of FHFA and Freddie Mac under HERA. Subject to Freddie Mac's and FHFA's rights and powers under this Order and HERA, the Receiver is hereby vested with any and all authority necessary or appropriate to carry out the intent and purpose of this Order, and to operate and maintain the Property and receivership estate. Notwithstanding any other term of this Order, Freddie Mac, and FHFA as Conservator of Freddie Mac, retain and may exercise without further Court approval any and all of their rights under the Loan Documents and HERA. The Receiver's powers as set forth in this Order do not in any way diminish Freddie Mac's rights under the Loan Documents or FHFA's rights, powers, functions, and protections as Freddie Mac's Conservator and successor under HERA. Nothing in this Order is intended to interfere with, or adversely affect, any trustee 's sale or other exercise of Plaintiffs or FHFA's rights, nor is this Order intended to constitute a waiver of, or election not to proceed with, any commissioner's sale. Given the nature of the Property, the Receiver is excused from filing an inventory report. The Receiver shall prepare and file periodic reports with the Court within six months of the entry of this Order, and at regular intervals of six months thereafter until discharged, or at such other times as the Court may direct. This appointment will continue in effect until the Court directs otherwise and the Court reserves the right to modify and supplement this Order from time to time as may be deemed necessary. This Court shall retain jurisdiction and supervision concerning the Receiver, the receivership created by this Order, and the interpretation and implementation of this Order. About VE Lakeview LP VE Lakeview LP owns a multifamily residential property located at 1105 Edward Street, Fort Valley, Georgia, 31030. VE Lakeview LP is facing a receivership case captioned as Federal Home Loan Mortgage Corporation v. VE Lakeview LP, Case No. 5:26-cv-00271 (M.D. Ga.), before the Hon. Tilman E. Self, III. The case was filed on June 30, 2026. Freddie Mac alleges that VE Lakeview has defaulted on its obligations under the note, mortgage and other loan documents evidencing and/or securing a $2,564,000.00 loan, originally provided on Sept. 24, 2021, by Walker & Dunlop, LLC. Plaintiff Federal Home Loan Mortgage Corporation is represented by: Christopher A. Riley, Esq. ALSTON & BIRD LLP Tel: (404) 881-7000 E-mail: chris.riley@alston.com VIVAKOR INC: Issues 2.45M Shares on Convertible Note Conversions ---------------------------------------------------------------- Vivakor, Inc. said in a regulatory filing with the Securities and Exchange Commission that multiple holders converted portions of outstanding convertible promissory notes into shares of the Company's common stock between July 21 and July 27, 2026. Between July 21 and July 24, 2026, an accredited investor converted an aggregate of $326,988 of principal and accrued interest under a convertible promissory note originally issued on Aug. 12, 2025, into 371,000 shares of common stock. The original note had a principal amount of $647,059, and the Company received net proceeds of $550,000, before fees. Between July 23 and July 25, 2026, several accredited lenders converted an aggregate of $448,120 due under convertible promissory notes originally issued in June 2025 into 448,038 shares of common stock. The June 2025 financing had an aggregate principal amount of approximately $5,117,647.06, from which the Company received $4.35 million prior to deducting customary fees. In addition, between July 21 and July 27, 2026, J.J. Astor & Co. converted an aggregate of $1,477,500 of principal under a junior secured convertible promissory note originally issued on July 9, 2025, into 1,631,014 shares of common stock. The original note had a principal amount of $5.94 million, and the Company received $4.4 million before fees. The shares issued in each conversion were issued without Rule 144 restrictive legends pursuant to legal opinions provided to the Company and its transfer agent. The issuances were exempt from registration under Section 4(a)(2) of the Securities Act because the holders are accredited investors familiar with the Company's operations. About Vivakor, Inc. Vivakor, Inc., headquartered in Dallas, operates and develops oil and gas assets, technologies and environmental solutions. Its integrated midstream platform includes crude oil transportation and logistics, terminaling and storage, and supply, marketing and trading operations. The company transports crude oil and related hydrocarbons in the DJ, STACK, Permian and Eagle Ford basins and owns pipeline and terminal infrastructure. It is also developing remediation services for hydrocarbon-contaminated soil. In an audit report dated April 15, 2026, Urish Popeck & Co., LLC included a going-concern paragraph, citing a significant working capital deficiency, significant recurring operating losses and the need to raise additional funds to meet obligations and sustain operations. The conditions raised substantial doubt about Vivakor's ability to continue as a going concern. As of March 31, 2026, Vivakor had total assets of $111.79 million, total liabilities of $78.15 million and total stockholders' equity of $33.64 million. VORNADO REALTY: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable ----------------------------------------------------------------- Moody's Ratings has affirmed Vornado Realty L.P.'s ('Vornado' or 'the REIT') ratings, including its Ba1 corporate family rating, the Ba1 senior unsecured debt ratings, the (P)Ba1 senior unsecured debt shelf rating and the (P)Ba2 subordinate debt shelf rating. Moody's also affirmed the Ba3 preferred stock and the (P)Ba3 preferred shelf and preferred shelf non-cumulative ratings of Vornado Realty Trust, the parent of Vornado Realty L.P. Rating outlooks at Vornado and Vornado Realty Trust remain stable. Vornado's speculative grade liquidity rating (SGL) remains unchanged at SGL-1, reflecting very good liquidity. The rating affirmation reflects Moody's views that income from contracted forward leasing will lead to EBITDA growth and support continued deleveraging from the second half of 2026 into 2027. Strong leasing conditions in New York City, the REIT's primary market, and improving trends in San Francisco over the next 12-18 months are other important credit considerations. Specifically, Moody's expects earnings growth in the second half of 2026 to benefit from contractual rent commencements and seasonally stronger signage revenue, with growth acceleration in 2027 from the lease-up of PENN 1 and PENN 2 and the Park Avenue Plaza acquisition. RATINGS RATIONALE Vornado's Ba1 CFR reflects its well-leased office portfolio, supported by high-quality assets that are largely prime Class A buildings, a long operating track record, a diverse tenant base, laddered lease maturities and very good liquidity. Vornado's significant asset and geographic concentration in Manhattan is a credit risk though it is partially mitigated by the resilience of the New York office market, where utilization has recovered more quickly than in other coastal US markets during periods of stress, current market conditions remain favorable and new supply is limited. The rating also reflects Vornado's high leverage and modest EBITDA/interest expense coverage. These risks are partly offset by Moody's expectations that income from contracted forward leasing at the redeveloped Penn district properties will lead to EBITDA growth in the second half of 2026 and into 2027. Additionally, Moody's expects that leasing conditions in Manhattan will remain robust, supporting continued EBITDA growth. Vornado's significant use of secured debt, including both recourse and non-recourse borrowings, constrains financial flexibility and reduces its unencumbered asset base. Vornado's cash NOI-weighted portfolio occupancy (on a LTM basis) was 89.1% at the end of Q1 2026, with its primary New York market at 90.3% occupancy. The REIT's lease expiration schedule is manageable with leases accounting for 6.3% of the annualized base revenue (ABR) maturing through year-end 2026 and another 6.6% expiring in 2027. Its tenant mix is diversified across sectors and no tenant accounts for more than 4% of rental revenue except Meta Platforms Inc. (Aa3 stable), which accounts for 4.9% of ABR. The REIT's aggregate leverage ratios are high, with effective leverage measured as debt + preferred stock as a percentage of gross assets at 42% and net debt to EBITDA at 8.9x on a Moody's-adjusted basis as of Q1 2026. Though expected to improve to 7x-8x range over the next 12-18 months, Moody's views Vornado's leverage as high. Similarly, Moody's expects EBITDA/Interest to improve to the 1.9x – 2.2x range, which Moody's still view as modest interest coverage. Vornado's 35% secured leverage at the end of Q1 2026 reflects its strong preference for property-level non-recourse mortgage debt. Moody's assess Vornado's leverage and coverage metrics on both a consolidated basis as well as including its pro rata share of unconsolidated joint ventures due to the materiality of these ventures within its operating and capital strategy. In Moody's pro-rata analysis, Moody's includes 100% of Alexander's (NYSE: ALX) financials in the calculations because Vornado has significant board and management oversight despite owning only 32.4% of Alexander's equity. Vornado's EBITDA/Interest expense coverage stood at 1.9x on an LTM basis at Q1 2026. Moody's expects interest coverage to improve modestly over the next 12-18 months as the impact from EBITDA growth will be partly offset by refinancing upcoming maturities at higher interest rates. Moody's expects Vornado to operate with very good liquidity (SGL-1), which reflects its large cash balances, significant availability on the revolver and laddered debt maturities. At the end of Q1 2026, Vornado's cash balance was $1.1 billion and it had $1.4 billion of remaining capacity on its two revolving credit facilities: $1.13 billion revolver maturing in February 2031 and a $1 billion revolver maturing in April 2029. The REIT has around $319 million of debt coming due by the end of 2026 and $880 million in 2027. Vornado's alternate liquidity benefits from its valuable unencumbered assets, which include PENN1 and The Farley Building. The stable outlook reflects Moody's expectations of sustained growth in income from improved occupancy and rental rates, good liquidity and improvement in leverage and coverage metrics over the next 12-18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Net Debt/EBITDA is sustained below 7x and EBITDA/Interest is maintained above 2.5x (both on Moody's adjusted basis), with financial policies supporting operating at such levels, and the REIT maintains strong liquidity. A larger unencumbered asset base, in terms of the REIT's gross assets and market value, would also support positive rating momentum. The ratings could be downgraded if leverage remains above 8x and interest coverage – under 2x (both Moody's adjusted) on other than temporary basis. Deterioration in liquidity, aggressive financial policies or weak operating performance could also result in a downgrade. Vornado Realty Trust (NYSE: VNO) is a large, office-focused REIT that owns approximately 24.7 million square feet of office space, including its share in unconsolidated joint venture assets and 100% of Alexander's, Inc., across New York City, Chicago and San Francisco, and has interests in about 2.3 million square feet of New York retail real estate at share. The principal methodology used in these ratings was REITs and Other Commercial Real Estate Firms published in March 2026. WAIKOLOA PLAZA: Cash Collateral Hearing Set for Aug. 25 ------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, is set to hold a hearing on August 25 to consider the motion filed by Waikoloa Plaza, LLC, an affiliate of Waikoloa Village Lofts West LLC, to use cash collateral. Waikoloa Plaza is the owner of approximately 40 acres of developed and planned mixed-use real estate in Hawaii. Managing its business operations and various subsidiary project parcels including shopping centers, apartment developments, and hotel franchises as a debtor-in-possession under MP Financial Group, Ltd., the Debtor asserts that its manager retains proper corporate authority to file for bankruptcy. Specifically, the Debtor said that a pre-petition transfer of member Gary Pinkston’s interest to Century-I 66, LLC only transferred economic rights, and a post-petition attempt to amend the operating agreement to transfer voting/management rights violated the automatic stay under 11 U.S.C. section 362 and is void. To prevent immediate and irreparable harm to its estate and preserve the value of its ongoing business operations, the Debtor requires post-petition use of cash collateral in accordance with its operating budget. Bank of Hawaii is the sole creditor identified as asserting a security interest in the Debtor's cash collateral. Without access to these funds for ordinary-course administrative and operational expenses, the Debtor warned it would face a forced, disorderly shutdown that would severely diminish overall asset values. To satisfy the statutory requirement of adequate protection for the lender, the Debtor offers granting Bank of Hawaii a post-petition replacement lien on collateral of the same type, extent, and priority as existed pre-petition (excluding the proceeds of any Chapter 5 avoidance actions). Bank of Hawaii, as secured lender, is represented by: Leah Fiorenza McNeill, Esq. ALSTON & BIRD LLP One Atlantic Center 1201 West Peachtree Street NW Atlanta, GA 30309 Phone: 404-881-7000 Fax: 404-881-7777 leah.mcneill@alston.com About Waikoloa Village Lofts West LLC Waikoloa Village Lofts West, LLC owns and manages a 100-unit apartment complex in Waikoloa Village, Hawaii, which constitutes its primary business operations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20761) on May 14, 2026. In the petition signed by Gary Pinkston, manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge James R. Sacca oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. YUN INVESTMENT: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: Yun Investment Inc. 983 Little Darby La. Suwanee GA 30024 Business Description: Yun Investment Inc. owns and leases a commercial property located at 7201 Little River Turnpike in Annandale, Virginia. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Eastern District of Virginia Case No.: 26-11709 Debtor's Counsel: Thomas T. Bacon, Esq. MAHDAVI BACON HALFHILL & YOUNG PLLC 11350 Random Hills Rd., Suite 700 Fairfax VA 22030 Tel: 703-351-1300 Fax: 703-352-1301 Email: jbacon@mbhylaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Daisy Song as president. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EZ5NXIQ/Yun_Investment_Inc__vaebke-26-11709__0001.0.pdf?mcid=tGE4TAMA ZD SAND: Seeks to Extend Plan Exclusivity to Oct. 9 --------------------------------------------------- Janet Northrup, the duly appointed and acting Chapter 11 trustee for the bankruptcy estate of ZD Sand LLC, asked the U.S. Bankruptcy Court for the Southern District of Texas to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to October 9, 2026. The Trustee explains that she was appointed only weeks before the initial exclusivity period expires and, through no fault of the Estate, needs additional time to investigate the Debtor's operations and financial affairs, complete amended schedule and a statement of financial affairs, and evaluate plan and financing options. Since her appointment on July 13, the Trustee has conferred extensively with major stakeholders in the case, planned an onsite visit to the Debtor's business, conferred with the CRO on amended schedules and statement of financial affairs and budgets going forward, and is considering financing options. Ms. Northrup claims that her investigation thus far shows that the Debtor is paying its debts as they become due. At this time, the Trustee believes that a plan of reorganization is in the best interests of creditors and is considering the best way to proceed. Further, the matters currently under the Court's advisement, including the use of cash collateral, remain unresolved and affect operations and the Trustee's formulation of a plan. The Debtor's operations and plan treatment depend in how the Court rules on pending matters, especially the Debtor's Emergency Motion to Use Cash Collateral. Proposed Attorneys for Janet Northrup, Chapter 11 trustee: Heather H. McIntyre Beatrice Grevel HUGHES WATTERS ASKANASE, LLP 1201 Louisiana, 28th Floor Houston, TX 77002 Telephone: (713) 590-4200 Facsimile: (713) 590-4230 E-mail: amcintyre@hwa.com bgrevel@hwa.com About ZD Sand LLC ZD Sand LLC, doing business as ZD Sand & Rock LLC, provides sand, rock, and aggregate materials from its headquarters in Voca, Texas, including concrete and masonry sand, boulders, topsoil, and various gravels and palleted rocks. The company serves contractors, suppliers, and regional buyers, offering delivery services to support construction and landscaping projects. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32398) on April 6, 2026. In the petition signed by Thomas A. Dickinson, manager and representative of the Debtor, the Debtor disclosed up to $100 million in assets and up to $10 million in liabilities. Judge Jeffrey P. Norman oversees the case. Erin Jones, Esq., at Jones Murray, LLP, represents the Debtor as legal counsel. [] BOOK REVIEW: The Titans of Takeover -------------------------------------- Author: Robert Slater Publisher: Beard Books Softcover: 252 pages List Price: $34.95 Order your personal copy at http://www.beardbooks.com/beardbooks/the_titans_of_takeover.html Once upon a time -- and for a very long while -- corporate behemoths decided for themselves when and if they would merge. No doubt such decisions were reached the civilized way, in a proper men's club with plenty of good brandy and better cigars. Like giants, they strode Wall Street, fearing no one save the odd trust-busting politico, mutton-chopped at the turn of the twentieth century, perhaps mustachioed in the 1960s when the word was no longer trust but monopoly. Then came the decade of the 1980s. Enter the corporate raiders, men with cash in hand, shrewd business sense, and not a shred of reverence for the Way Things Have Always Been Done. These businesspeople -- T. Boone Pickens, Carl Icahn, Saul Steinberg, Ted Turner -- saw what others missed: that many of the corporate giants were anomalies, possessed of assets well worth possessing yet with stock market performances so unimpressive that they could be had for bargain prices. When the corporate raiders needed expert help, enter the investment bankers (Joseph Perella and Bruce Wasserstein) and the M&A attorneys (Joseph Flom and Martin Lipton). And when the merger went through, enter the arbitragers who took advantage of stock run-ups, people like Ivan "Greed is Good" Boesky. The takeover frenzy of the 1980s looked like a game of Monopoly come to life, where billion-dollar companies seemed to change ownership as quickly as Boardwalk or Park Place on a sweet roll of dice. By mid-decade, every industry had been affected: in 1985, 3,000 transactions took place, worth a record-breaking $200 billion. The players caught the fancy of the media and began showing up in the news until their faces were almost as familiar to the public as the postman's. As a result, Jane and John Q. Citizen's in Wall Street began its climb from near zero to the peak where (for different reasons) it is today. What caused this avalanche of activity? Three words: President Ronald Reagan. Perhaps his most firmly held conviction was that Big Business was Being shackled by the antitrust laws, deprived a fair fight against foreign competitors that has no equivalent of the Clayton Act in their homelands. Reagan took office on Jan. 20, 1981, and it wasn't long after that that his Attorney General, William French Smith, trotted before the D.C. Bar to opine that, "Bigness does not necessarily mean badness. Efficient firms should not be hobbled under the guise of antitrust enforcement." (This new approach may have been a necessary corrective to the over-zealousness of earlier years, exemplified by the Supreme Court's 1966 decision upholding an enforcement action against the merger of two supermarket chains because the Court felt their combined share of 8% (yes, that's "eight percent") of the Los Angeles market was potentially anticompetitive.) Raiders, investment bankers, lawyers, and arbitragers, plus the fun couple Bill Agee and Mary Cunningham -- remember them? -- are the personalities Profiled in Robert Slater's book, originally published in 1987, Slater is a wonderful writer, and he's given us a book no less readable for being absolutely stuffed with facts, many of them based on exclusive behind-the-scenes interviews. About The Author Robert Slater (1943-2014) was an American author and journalist. He was known for over two dozen books, including biographies of political and business figures like Golda Meir, Yitzhak Rabin, George Soros, and Donald Trump. Slater graduated with honors from the University of Pennsylvania in 1966, with a degree in political science. He received a master's degree in international relations from the London School of Economics in 1967. [] Colorado Bankruptcies Increase 23% in June 2026 -------------------------------------------------- Alex Delia of Longmont Leader reports that Colorado experienced a 23% year-over-year increase in bankruptcy filings in June 2026, reflecting continued growth in court activity across much of the state. BizWest reported that Boulder, Broomfield, and Weld counties all posted higher filing totals than a year earlier, while Larimer County was the lone Northern Colorado county to record a decline. According to the U.S. Bankruptcy Court for the District of Colorado, the state had logged 5,438 bankruptcy cases in 2026 through July 27. The total consisted of 4,390 Chapter 7 filings, 956 Chapter 13 filings, 89 Chapter 11 filings, and three Chapter 12 filings. July accounted for 642 new cases, including 511 Chapter 7, 123 Chapter 13, and eight Chapter 11 petitions. Chapter 7 continued to account for the overwhelming majority of filings, reflecting its role as the most common form of consumer bankruptcy. Chapter 13 allows individuals to repay debts over time under court supervision, while Chapter 11 remains the primary restructuring tool for businesses. Chapter 12 serves qualifying family farmers and commercial fishing operations, the report states. Court officials cautioned that the dashboard provides unofficial data and that final totals may vary from national statistics because of differences in reporting practices. Across the United States, bankruptcy filings rose 11.9% during the year ended March 31, according to the Administrative Office of the U.S. Courts. Colorado's figures do not specify how many filings came from consumers versus businesses, leaving the underlying causes of the increase unclear, according to Longmont Leader. [] Public Sale of Women's Apparel Company Scheduled for August 3 ---------------------------------------------------------------- On August 3, 2026, at 1:00 p.m. ET, a public sale (the "Public Sale") shall be conducted of substantially all of the assets of a New York-based company (the "Debtor") in the business of selling casual and contemporary women's sportswear for petite, missy, plus size and maternity, to department stores, digital retailers, and moderate and off-price specialty chains, which assets are further described below (the "Collateral"). The Public Sale will be held as follows: Date: August 3, 2026 Time: 1:00 p.m. ET Place: In person at the offices of the law firm Otterbourg P.C. or via video conference. Potential bidders to obtain additional information through contact listed below. The Public Sale is being conducted by the senior secured creditor of the Debtor (the "Secured Party") to enforce its rights and remedies as Secured Party to sell the Collateral under applicable commercial law and loan documents, pursuant to which the Debtor is indebted to the Secured Party in an amount of no less than approximately $625,000 (the "Secured Indebtedness"). The Collateral win be sold to the highest Qualified bidder for cash. Secured Party has a stalking horse bid in place for the full amount of the Secured Indebtedness, so any competing bids will have to exceed that amount. The sale will be made on an "as-is" basis with limited representations and warranties made by the Secured Party in connection with the disposition. To be a qualified bidder, a prospective bidder must, on or before 5:00 p.m.ET on July 31, 2026 contact counsel for the Secured Party at the e-mail address or phone number below and provide contact information and such adequate assurances of bidder's ability to perform as the Secured Party may reasonably request, me bidding ma auction process will be subject to binding written bid and auction procedures that will be provided to prospective bidders. Parties interested in participating at the Public Sole of the Collateral should contact Michael Wenger, counsel to Secured Party, by email at mwenger@otterbourg.com or by telephone at (212)905-3755. The "Collateral" shall include all right, title, interest, in substantially all assets of the Debtor, including all: (a) accounts and receivables; (bl inventory; (c) chattel paper, documents and Instruments; (d) general intangibles and intellectual property; (e) registered trademarks; (f) computer systems and software; (g) books, records and proceeds; and (h) furniture, fixtures, equipment and computers. [] QSR Brands Face Mounting Bankruptcy Claims --------------------------------------------- Bankruptcies involving two major restaurant franchisees are highlighting the mounting challenges confronting quick-service restaurant operators this 2026, L'Express Franchise reported. Hardee's franchisee Superior Star entered Chapter 11 in July, while former Popeyes operator Sailormen finalized the sale of its assets in June after filing for bankruptcy earlier in 2026. Superior Star attributed its restructuring to financial burdens inherited from its purchase of 93 Hardee's restaurants in 2023, saying it later discovered significant hidden liabilities, including deferred repairs, unpaid taxes and additional operating costs. The company closed approximately 30 unprofitable locations before filing for bankruptcy after cash flow was further strained by tax enforcement actions. Sailormen cited the breakdown of a proposed restaurant sale in Georgia as a major factor leading to its bankruptcy before divesting 97 Popeyes restaurants to several buyers, including Restaurant Brands International, according to report. The report said the two cases are part of a wider wave of financial distress affecting restaurant franchisees. Operators affiliated with Carl's Jr., Farmer Boys and Domino's have also sought bankruptcy protection this year as the industry continues to face economic headwinds. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. 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