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260803.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, August 3, 2026, Vol. 30, No. 215 Headlines 1224 3RD AVENUE: Hires Thomas B. Ure as Bankruptcy Counsel 1251 PACIFIC: Hires Shafferman & Feldman LLP as Bankruptcy Counsel 2650 SOQUEL: Seeks Chapter 11 Bankruptcy in California 2762 KINGSBRIDGE: Hires NBD Management LLC as Property Manager 2762 KINGSBRIDGE: Hires Northgate Real Estate Group as Advisor 2762 KINGSBRIDGE: Hires Rosen Tsionis & Pizzo as General Counsel 3030 RIVERBEND: Seeks Final OK to Use Cash Collateral 6363 WEST: Gets OK to Hire Robbins DiMonte as Bankruptcy Counsel 826 CAPITAL: Case Summary & Four Unsecured Creditors 826 CAPITAL: Hires Sagre Law Firm PA as Bankruptcy Counsel 948-52 W. WEBSTER: Gets Final OK to Use Cash Collateral AC EVOLUTION: Seeks Subchapter V Bankruptcy in Massachusetts AC EVOLUTION: Stephen Darr Named Subchapter V Trustee ADDENTAX GROUP: Signs $1.2M Private Placement w/ Pinnacle Partners ALECTO HEALTHCARE: Appeals Court Upholds Chapter 11 Reorg. Plan ALKEGEN HOLDING: Gets Court OK to Tap Part of $360MM DIP Financing AMCP CLEAN: S&P Assigns 'B' ICR on Refinancing and Business Growth AMERICA'S LISTING: Gets Extension to Access Cash Collateral ANGEL NAILS: Case Summary & 13 Unsecured Creditors ANGELDOCS INC: Voluntary Chapter 11 Case Summary APPLE TREE: Gets $4MM Funds for Biotech Portfolio Companies ARC PRIMARY: Gets Final OK to Use Cash Collateral ASOCIACION HOSPITAL: Court OKs Start of Chapter 11 Sale Process ASP UNIFRAX: Court OKs Interim DIP Loan, Cash Collateral Access AUTHENTIC FLAVOR: Linda Leali Named Subchapter V Trustee AUTOWERKS CSTX: Gets Interim OK to Use Cash Collateral BACK2 HEALTH: Case Summary & 14 Unsecured Creditors BAYOU CRAFTING: Case Summary & Nine Unsecured Creditors BAYOU CRAFTING: Case Summary & Nine Unsecured Creditors BAYOU CRAFTING: Hires Sternberg Naccari & White LLC as Attorney BELL'S BETTER: Matthew Brash Named Subchapter V Trustee BERKSHIRE LAND: Gets Interim OK to Use Cash Collateral BESPOKE AESTHETICS: Gets Interim OK to Use Cash Collateral BISHOP 10TH STREET: Lender Seeks to Prohibit Cash Collateral Access BLEUWAVE HOLDING: Hires Burch & Cracchiolo as Bankruptcy Counsel BNT SERVICES: Seeks Chapter 11 Bankruptcy to Restructure Debt BOXLIGHT CORP: Increases Authorized Class A Stock to 55 Million BRAYMAN PRECAST: Secures Interim Green Light for DIP Financing BRAYMAN PRECAST: Seeks Chapter 11 Bankruptcy BREAKERS MEZZ I: Reaches $80.8MM Deal with Lender BREWSTER HEIGHTS: Creditors Object to $231.3MM Stalking Horse Bid BURKE VENTURES: Gets Final OK to Use Cash Collateral C.S. HOLDINGS: Hires Ford & Semach PA as Bankruptcy Counsel CAB PROPERTIES: Gets Interim OK to Use Cash Collateral CANDICE SKINNER: Joseph Richard Moore Named Subchapter V Trustee CAROLINA CLEANING: Gets Extension to Access Cash Collateral CHANGE AGENTS: Secures $825K Loan, Enters Forbearance Agreement COMFORT ALL-STARS: Gets Extension to Use Cash Collateral COMJOT LLC: Frederick Bunol Named Subchapter V Trustee CONOLLY PRINTING: Francis Brennan Named Subchapter V Trustee CONVERGINT TECHNOLOGIES: S&P Upgrades ICR to 'B', Outlook Stable CROSBY MARINE: Luhr Bros. Wins Partial Summary Judgment Bid CROWN HOLDINGS: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable CUMULUS MEDIA: Court Extends Deadline to File Chapter 11 Plan DIOCESE OF BURLINGTON: Committee Can Prosecute Causes of Action DISH DBS: Advances Deleveraging with Full Repayment of $2B Notes DOC'S DIVINE: Seeks Cash Collateral Access DOC'S DIVINE: Seeks Subchapter V Bankruptcy in Alabama DOLPHIN COMPANY: Founder Opposes $20M Asset Sale to Grupo Xcaret DR DELICACY: Seeks to Hire Jambrina CPA PC as Accountant DYNABODY LLC: Court Extends Cash Collateral Access to Aug. 25 ECHOSTAR CORP: BlackRock Holds 6.7% Beneficial Ownership Stake ECHOSTAR CORP: Completes $20.25 Billion Spectrum Asset Sale to AT&T ELEVATE MARKETING: Case Summary & Two Unsecured Creditors ENDLESS SUMMER: Hires Premier Living Realty as Real Estate Broker ENTRY LLC: Case Summary & Seven Unsecured Creditors ESGTHERM LLC: Court Extends Cash Collateral Access to Aug. 25 FAIRWAY AMERICA: Seeks Final OK to Use Cash Collateral FAMILY DOLLAR: Moody's Rates New $450MM Secured 1st Lien Notes 'B3' FAMILY SOLUTIONS: Court OKs Biz Assets to Gehring Therapeutics FINME LLC: Case Summary & 20 Largest Unsecured Creditors FINME LLC: Gets Interim OK to Use Cash Collateral FINME LLC: Jolene Wee of JW Infinity Named Subchapter V Trustee FIRST BRANDS: 16-Cent Loan Casts Doubt on Litigation Recoveries FIRST BRANDS: Hires Marc S. Kirschner as Expert Consultant FIRST CHOICE: Inks $650M Business Combination w/ Westin Acquisition FIRST STEP: Hires David P. Leibowitz LLC as Bankruptcy Counsel FOCUS UTILITY: Hires Singh Law Firm as Bankruptcy Counsel FORTUNE CIRCLE: Gets Extension to Access Cash Collateral FREEDOM FOREVER: Scraps Sale as CEO Offer Collapses FTX GROUP: Deal Aims to Return $160MM to Victims of Korean Fraud FTX TRADING: Court Narrows Claims in Binance, et al. Adversary Case FULLERS SERVICE: Trustee Taps Foresight as Data Retrieval Engineer FUTURE LEGENDS: Case Summary & 20 Largest Unsecured Creditors FUTURE LEGENDS: Initiates Chapter 11 Bankruptcy in California GETTY IMAGES: Creditors Near Cooperation Deal Prior to Debt Talks GIBSON INC: S&P Alters Outlook to Stable, Affirms 'B-' ICR GLOBAL ALARM: Court Narrows Claims in Vanowen Lawsuit GOLDEN LAKE: Case Summary & 11 Unsecured Creditors GOOD MORNING DENTAL: Scott Rever Named Subchapter V Trustee GOOD MORNING: Case Summary & Six Unsecured Creditors GREENE P: Commences Chapter 11 Bankruptcy in New York GREENWAVE TECHNOLOGY: Narrows Net Loss to $1.5 Million in Q1 GRUPO ANTOLIN: Noteholders Want Chapter 15 Transferred or Tossed GVO PARTNERS: Hires Force Ten Advisors LLC as Financial Advisor GVO PARTNERS: Hires Raines Feldman Littrell as Bankruptcy Counsel HANSEN-MUELLER CO: Taps Lutz & Company as 401K Plan Auditor HARVANA GRILL: Case Summary & 18 Unsecured Creditors HAWTHORNE RACE: Court OKs $1MM Supplemental DIP Loan From Derby HELP TO ADJUST: Case Summary & Two Unsecured Creditors HERNAN REYES: Court Extends Cash Collateral Access to Aug. 18 HIGHLAND CAPITAL: Court Disallows Daugherty's Reserved Claim HILLER AIRCRAFT: Hires Kevin Land and Jared Ennis as Realtors HUGHES NETWORK: Prepares Chapter 11 Bankruptcy Filing HUMACYTE INC: BlackRock Reports 1.5% Ownership Stake HUMMINGBIRD ELITE: Seeks to Use Cash Collateral INSPIREMD INC: Eliminates CCO Position, Gleason Exits July 31 INTERACTIVE GOVERNMENT: Hires GRF CPAs & Advisors as Accountant JACKSON BROWN COURT: Seeks Chapter 11 Bankruptcy in Georgia JANAM MADISON: Paul Reece Marr P.C. as Bankruptcy Attorneys JAYBROOK RENTALS: Hires Lakewood Real Estate Service as Realtor JIN BEH: Case Summary & Seven Unsecured Creditors JIN BEH: Gets Interim OK to Use Cash Collateral KARMA HOME: Angela Shortall of 3Cubed Named Subchapter V Trustee KARYOPHARM THERAPEUTICS: BlackRock Holds 5.6% Equity Stake KC GLOBAL: Has Deal on Cash Collateral Access KCG MD: Angela Shortall of 3Cubed Named Subchapter V Trustee KCG VA: Angela Shortall of 3Cubed Named Subchapter V Trustee KENDALL TOWING: Hires Calaiaro Valencik as Bankruptcy Counsel KENDALL TOWING: To Sell Tow Truck to Carroll's Towing for $18K KINGDOM AMBASSADOR: Case Summary & Three Unsecured Creditors KINGDOM AMBASSADOR: Jolene Wee Named Subchapter V Trustee LATITUDE DENG: Catalyst's Paula Forshee Appointed as Receiver LEWIS TOWING: Scott Sackett Named Subchapter V Trustee LINQTO INC: Trustee Hearing Delayed as Settlement Talks Continue LIVEONE INC: Issues 70K Shares to Music Story for License Fees LOCKWOOD HOLDINGS: Contempt Ruling v. Sole Shareholder Upheld LORENZO'S DOG: Hires Blake Financial Advisory as Financial Advisor LOTUS & THE ROOSTER: Lisa Rynard Named Subchapter V Trustee LOTUS AND THE ROOSTER: Gets Interim OK to Use Cash Collateral LOUIS INVESTMENTS: Court Orders Chapter 11 Trustee Appointment LUGANO DIAMONDS: Ex-CEO Wants to File Rival Bankruptcy Plan M T J PAINT: Seeks to Hire Javier Garcia CPA as Bookkeeper M&L EXPRESS: Court Denies Vehicles Sale MAG43 LLC: Commences Chapter 11 Bankruptcy in California MBA INVESTMENTS: Has Deal on Cash Collateral Access METERED APPLIANCES: To Sell Laundry Biz Assets to CPIL LLC MF GLOBAL: Unveils Complex Plan to Accelerate Ch. 11 Payouts MIC MANAGEMENT: Hires Orantes Law Firm P.C. as Counsel MODIVCARE INC: Replaces Walker & Patterson as Counsel MONTANA TUNNELS: Seeks Chapter 11 Bankruptcy in Montana MONTANA TUNNELS: Voluntary Chapter 11 Case Summary MTF HOLDINGS: Trustee Taps Pashman Stein Walder Hayden as Counsel MYLIFE.COM: US Gov't Wants Jake Diiorio as Receiver NETCAPITAL INC: Delays 10-K, Expects $9.23M Net Loss for FY2026 NEW ENGLAND INVESTMENT: Hires Louis S. Robin as Bankruptcy Counsel NOVATECH FS: Seeks to Hire Greenberg Traurig as Special Counsel NYC OF PIERMONT: Seeks Cash Collateral Access OCEAN POWER: Delays 10-K Filing, Cites Financial Statement Audit OCUGEN INC: BlackRock Holds 8% Beneficial Ownership OLENOX INDUSTRIES: Appoints Kimberly Hawley as Interim CFO OLYMPICK CONEY: Case Summary & 20 Largest Unsecured Creditors OMNIS PLEASANTS: Court OKs Cash Use in Chapter 11 OMNIS PLEASANTS: Court OKs Chapter 11 First-Day Motions PALM BEACH: Gets Interim OK to Use Cash Collateral PERASO INC: Director Daniel Lewis to Retire, Won't Seek Re-Election PERFECT CHOICE: Court Extends Cash Collateral Access to Sept. 9 PGC CONSTRUCTION: Hires Donald W. Reid Inc. as General Counsel PHOENIX CONVERTING: Seeks to Sell Flex Pack Business at Auction PINE COSMETIC: Case Summary & 15 Unsecured Creditors PNP LLC: Gets Extension to Access Cash Collateral POLAR POWER: Enters $450K Series A Convertible Preferred Financing POLAR POWER: Secures Up to $25M Equity Facility with Roth Principal POLAR POWER: Terminates ATM Sales Agreement with ThinkEquity PREFERRED MARBLE: Case Summary & 20 Largest Unsecured Creditors PURDY BOYS: Voluntary Chapter 11 Case Summary R MCLAIN: Gets Interim OK to Use Cash Collateral RAD DIVERSIFIED: Seeks to Sell Philadelphia Properties at Auction RAZAD ENTERPRISES: Hearing Today on Bid to Use Cash Collateral REKOR SYSTEMS: Arctis Global Exits 5% Ownership Stake RESTORATION MENTAL: Case Summary & 11 Unsecured Creditors ROBERTSHAW PARENT: S&P Lowers ICR to 'CC' on Expected PIK Interest ROOFING DESIGNS: Seeks to Hire Offit Kurman as Bankruptcy Counsel ROYAL REAL: Case Summary & Seven Unsecured Creditors SA POOL: Seeks to Hire Orion Guest & Little as Accountant SCREEN REPAIR: Gets Interim OK to Use Cash Collateral SILVER STAR: Gets Final OK to Use Cash Collateral SILVER STATE: Case Summary & Five Unsecured Creditors SIMAD HOLDINGS: Court OKs Summer Camp Asset to Grandview Ventures SIMAD HOLDINGS: Subject to DOJ Probe SIMPLY SOLAR: Case Summary & 20 Largest Unsecured Creditors SIMRY REALTY: Family Fight Erupts Over Chapter 11 Dismissal Bid SLEEP NUMBER: Committee Taps Pachulski Stang Ziehl as Counsel SLEEP NUMBER: Committee Taps Province LLC as Financial Advisor SLEEP NUMBER: Judge Approves $1.8MM Employee Retention Payments SLEEP QUARTERS: Waxahachie Property Sale to Bates Real Estate OK'd SMART COUNSELING: Has Deal on Cash Collateral Access SMOK CIGAR: Files Emergency Bid to Use Cash Collateral SOARING EAGLES: Seeks to Hire Sender Law Firm as Legal Counsel SOUTH BAY CONTRACTORS: Seeks Chapter 11 Bankruptcy in California SPIRIT AIRLINES: Corporate HQ Draws $88MM Stalking Horse Offer SPIRIT AIRLINES: Honeywell Seeks $24MM in Unreturned Aircraft Parts STEWARD HEALTH: Ex-Owner OKs to Pay to Settle Fund Diversion Claims SUN GIR: Trustee Seeks to Hire TAGeX Brands as Liquidator SUNPOWER CORP: Court Narrows Claims in Two Adversary Proceedings SUPERIOR STAR: Hires Kaplan Johnson Abate & Bird LLP as Attorney SUPERIOR STAR: Seeks to Hire Sacks Tierney P.A. as Attorney TAWR PROPERTY: Hires Jones Lang LaSalle as Real Estate Broker TERRA LAKE: Trustee Taps Cruikshank Law Group as Special Counsel TEXAS AUTO: Gets OK to Hire Martin Bryan Accounting as Accountant TIMOTHY E. RYAN HOME: Starts Chapter 11 Bankruptcy in New Jersey TITAN ENGINEERS: Files Emergency Bid to Use Cash Collateral TLC PHYSICAL: Seeks Cash Collateral Access TNT DEALS: Case Summary & 20 Largest Unsecured Creditors TOLL ROAD INVESTORS: S&P Lowers Debt Rating to 'B', Outlook Neg. TOMCAT MECHANICAL: Case Summary & 20 Largest Unsecured Creditors TOTAL AUTO: Little Loses Bid for Permissive Intervention TOWER CAPITAL: Hilco Launches Sale of Former Wyndham City Centre TRAJECTOR HOLDINGS: Gets Interim OK to Use Cash Collateral TRINSEO PLC: Committee Taps Munsch Hardt Kopf as Conflicts Counsel TRINSEO PLC: Creditors Ask Court to End Debtor's Chapter 11 Control TRIPLE STICKS: Final Cash Collateral Hearing Set for Aug. 4 TRONOX HOLDINGS: Appoints Keith Schwarz to Board, Audit Committee TRONOX HOLDINGS: Declares Quarterly Dividend of $0.05 Per Share TTM TECHNOLOGIES: S&P Alters Outlook to Pos., Affirms 'BB' ICR TUBOS REUNIDOS: Spanish Steel Firm Seeks Chapter 15 Bankruptcy TURBO GLOBAL: S&P Places 'B' ICR on Watch Pos on CBIZ Acquisition UTICORP INC: Hires Falcon Sanchez & Associates PSC as Accountant VARSOBIA HOSPITALITY: Voluntary Chapter 11 Case Summary WANAMAKER GROUP: Angela Shortall Named Subchapter V Trustee WATERFRONT RESORT: Has Deal on Cash Collateral Access WEST MARINE: 3 Connecticut Stores Slated for Closure in Bankruptcy WOODLAND MANOR: Files Emergency Bid to Use Cash Collateral WORKSPORT LTD: Schedules Q2 2026 Earnings Call for August 11 YELLOW CORP: Ex-Workers Sue Over SSN Breach, Late Notice YESCARE CORP: Trustee to Take Over Insolvency Case Administration YSA INVESTMENTS 1: Commences Chapter 11 Bankruptcy in Delaware [] Auction Advisors to Auction EasyPost Equity in UCC Foreclosure [] Former Bankruptcy Judge Robert Drain Joins M3 Partners LP [] Steven Kurtz Joins SA&M LLP as Insolvency Practice Chair [] Subchapter V Bankruptcy Filings Rose 50% in 1st Half of 2026 ********* 1224 3RD AVENUE: Hires Thomas B. Ure as Bankruptcy Counsel ---------------------------------------------------------- 1224 3rd Avenue LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Thomas B. Ure, Esq. of Ure Law Firm to serve as general bankruptcy counsel. Mr. Ure will provide these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code and Bankruptcy Rules relating to the administration of this case and the operation of the estate as a debtor in possession; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) provide legal advice and assistance with respect to the Debtor's powers and duties in the continued operation of the Debtor's business and management of property of the estate; (e) assist in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports and/or other legal documents on behalf of the Debtor; (g) assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against the Debtor's estate; (h) provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (i) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The counsel will be paid at these rates: Thomas B. Ure $495 per hour Associates $395 per hour Law clerks $295 per hour Paralegals $195 per hour Prior to the filing, Thomas B. Ure received $15,000 from Archie Heath managing member of the Debtor. Ure Law Firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Thomas B. Ure, Esq. URE LAW FIRM 8280 Florence Avenue, Suite 200 Downey, CA 90240 Telephone: (213) 202-6070 Facsimile: (213) 202-6075 E-mail: tom@urelawfirm.com About 1224 3rd Avenue LLC 1224 3rd Avenue LLC is a real estate holding company engaged in property ownership and investment activities. 1224 3rd Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14676) on May 12, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtor is represented by Amira Heath, Esq. of Amira Management & Investments, Inc. 1251 PACIFIC: Hires Shafferman & Feldman LLP as Bankruptcy Counsel ------------------------------------------------------------------ 1251 Pacific St LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Shafferman & Feldman LLP as bankruptcy counsel. The firm's services include: (a) providing advice to the Debtor with respect to its powers and duties under the Bankruptcy Code in the continued operation of its business and the management of its property; (b) negotiating with creditors of the Debtor, preparing a plan of reorganization and taking the necessary legal steps to consummate a plan, including, if necessary, negotiations with respect to financing a plan; (c) appearing before the various taxing authorities to work out a plan to pay taxes owing in installments; (d) preparing, on the Debtor's behalf, necessary applications, motions answers, replies, discovery requests, forms of orders, reports and other pleadings and legal documents; (e) appearing before this Court to protect the interests of the Debtor and its estate, and representing the Debtor in all matters pending before this Court; and (f) performing all other legal services for the Debtor that may be necessary. Shafferman & Feldman will receive its customary fees. The firm received a retainer in the amount of $16,738. Shafferman & Feldman is a "disinterested person" as that term is defined by the Bankruptcy Code, according to court filings. The firm can be reached through: Joel Shafferman, Esq. Shafferman & Feldman LLP 286 Madison Ave., Ste. 502 New York, NY 10117 Telephone: (212) 509-1802 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. 2650 SOQUEL: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------ On July 22, 2026, 2650 Soquel LP filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Henderson, Nevada-based real estate company reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million, with between 1 and 49 creditors. First meeting of creditors under Section 341(a) to be held on August 18, 2026 at 11:00 AM via UST Teleconference San Jose, Call in number: 1-888-330-1716 Passcode: 5397643. About 2650 Soquel LP 2650 Soquel LP is a Henderson, Nevada-based lessor of nonresidential buildings that operates as a single-asset real estate entity. The company's principal asset is a restaurant property located in Santa Cruz, California, which was the subject of a foreclosure sale notice before the Chapter 11 filing. 2650 Soquel LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51127) on July 22, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by David Edward Hays, Esq., of Marshack Hays Wood LLP. 2762 KINGSBRIDGE: Hires NBD Management LLC as Property Manager -------------------------------------------------------------- 2762 Kingsbridge Terrace, LLC, 1777 Monroe LLC, and 1779 Monroe LLC seek approval from the U.S. Bankruptcy Court for the Southern District of New York to hire NBD Management LLC as property manager. The Debtors will engage the services of NBD to manage the its properties, deal with tenant request and issues, engage in general maintenance of the properties and collect the rents. The firm will receive a staffing fee of $4,500 per month. Brian Dulitz, principal shareholder of NBD, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Brian Dulitz NBD Management LLC 82 Nassau St Suite 613 New York, NY 10038 About 2762 Kingsbridge Terrace LLC 2762 Kingsbridge Terrace, LLC manages residential building. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11313) on June 1, 2026. In the petition signed by David Goldwasser, chief restructuring officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Lisa G. Beckerman oversees the case. Avrum J. Rosen, Esq., at Rosen, Tsionis & Pizzo, PLLC, represents the Debtor as legal counsel. 2762 KINGSBRIDGE: Hires Northgate Real Estate Group as Advisor -------------------------------------------------------------- 2762 Kingsbridge Terrace, LLC, 1777 Monroe LLC, and 1779 Monroe LLC seek approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Northgate Real Estate Group as real estate advisor. The firm will market and sell the Debtor's property located at: (i) 2762 Kingsbridge Terrace, Bronx, New York 10463 (Block 3253, Lot 90); (ii) 1777 Monroe Avenue, Bronx, New York 10457 (Block 2797, Lot 38); and (iii) 1779 Monroe Avenue, Bronx, New York 10457 (Block 2797, Lot 37). Northgate will be paid a commission equal to 5% of the gross purchase price of the properties. Northgate will be reimbursed for its out-of-pocket expenses. Greg Corbin, president and founder of Northgate Real Estate Group, assured the court that his firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Greg Corbin Northgate Real Estate Group 1633 Broadway 46th Floor New York, NY 10019 Phone: (212) 419-8101 Email: Greg@northgatereg.com About 2762 Kingsbridge Terrace LLC 2762 Kingsbridge Terrace, LLC manages residential building. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11313) on June 1, 2026. In the petition signed by David Goldwasser, chief restructuring officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Lisa G. Beckerman oversees the case. Avrum J. Rosen, Esq., at Rosen, Tsionis & Pizzo, PLLC, represents the Debtor as legal counsel. 2762 KINGSBRIDGE: Hires Rosen Tsionis & Pizzo as General Counsel ---------------------------------------------------------------- 2762 Kingsbridge Terrace, LLC, 1777 Monroe LLC, and 1779 Monroe LLC seek approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Rosen, Tsionis & Pizzo, PLLC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Partners $690 Associates $590 Paraprofessionals $200 Prior to the Petition Date, Kingsbridge remitted a retainer of $7,500, plus $1,738 for the filing fee, totaling $9,238; 1777 Monroe remitted a retainer of $7,500, plus $1,738 for the filing fee, totaling $9,238, and 1779 Monroe remitted a retainer of $7,500, plus $1,738 for the filing fee, totaling $9,238. Avrum Rosen, Esq., an attorney at Rosen, Tsionis & Pizzo, 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: Avrum J. Rosen, Esq. Rosen, Tsionis & Pizzo, PLLC 38 New Street Huntington, NY 11743 Telephone: (631) 423-8527 About 2762 Kingsbridge Terrace LLC 2762 Kingsbridge Terrace, LLC manages residential building. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11313) on June 1, 2026. In the petition signed by David Goldwasser, chief restructuring officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Lisa G. Beckerman oversees the case. Avrum J. Rosen, Esq., at Rosen, Tsionis & Pizzo, PLLC, represents the Debtor as legal counsel. 3030 RIVERBEND: Seeks Final OK to Use Cash Collateral ----------------------------------------------------- 3030 Riverbend, LLC asks the U.S. Bankruptcy Court for the District of Oregon for final approval to use cash collateral. The Debtor is currently authorized to use cash collateral to fund its operations under the court's July 30 interim order. The Debtor's primary asset is a partially developed property located along River Bend Road and Wallace Road. A completed portion of the property, which generates cash, consists of a 5,500-square-foot retail building with four tenants, a 5,500-square-foot dining pavilion and event center with one tenant, and a 15-cart outdoor food pod. The remaining portion of the property is under development for a 201-unit apartment complex. The Debtor is seeking expedited court approval to use the cash generated by the property, which constitutes cash collateral. Without access to these funds, the Debtor faces irreparable harm, operational shutdown, and potential dismissal or Chapter 7 liquidation. The Debtor anticipates securing post-petition replacement financing to pay all secured creditors in full and complete the apartment development. Several lenders may assert security interests in the cash collateral, stemming from various loans and promissory notes. The Blum Family Dynasty, Inc. holds senior secured debt from loans originated in 2018, 2019, and 2021, with the 2018 loan paid off and the 2019 loan paid down following a $9.5 million property sale in 2021. Other secured lenders include Pacific Capital Solutions, LLC ($2.7 million loan in 2023), K & E Excavating, Inc. (an approximate $3.8 million secured note in 2021), and Lenity Architecture, Inc. ($237,500 secured note in 2023). To adequately protect these lenders' interests while using the cash collateral, the Debtor proposes granting each lender replacement liens on all assets of the same type and priority as their pre-petition security interests. The Debtor will also protect the property's value by maintaining it and paying taxes and insurance. Under a proposed operating budget, the Debtor will set aside $5,000 monthly for administrative expenses and $5,500 monthly for a 2027 property tax reserve. After covering ordinary operating expenses and reserves, all remaining cash -- projected at approximately $11,000 per month -- will be remitted to the Blum Family as additional adequate protection, to be applied toward interest on their senior secured debt. A final hearing on the matter is set for September 10, at 1:30 p.m. A copy of the motion is available at https://urlcurt.com/u?l=1lEdHi from PacerMonitor.com. About 3030 Riverbend LLC 3030 Riverbend, LLC is a Salem, Oregon-based real estate development company engaged in the ownership and development of real estate assets. 3030 Riverbend, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No. 26-61943) on July 15, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Hon. Teresa H. Pearson is overseeing the case. The Debtor is represented by Zoe Habekost, Esq., at Tonkon Torp, LLP. 6363 WEST: Gets OK to Hire Robbins DiMonte as Bankruptcy Counsel ---------------------------------------------------------------- 6363 West 73rd Street, LLC, received approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Robbins DiMonte as counsel. The firm will render these services: a. render legal advice with respect to the powers and duties of the Debtor to continue to operate its business and manage its property as debtor in possession; b. prepare a plan of reorganization and any disclosure statement, if any, and negotiate terms of treatment under a plan with creditors and other parties in interest; c. negotiate, prepare and file documents in connection with the sale of the Debtor's property, if any; d. take all necessary action to protect and preserve the estate of the Debtor, including the prosecution of actions on the Debtor's behalf, the defense of any actions commenced against the Debtor, negotiations concerning all litigation in which the Debtor is or becomes involved, and the evaluation and objection to claims filed against the estate; e. prepare, on behalf of the Debtor, all necessary applications, motions, answers, orders, reports and papers in connection with the administration of the estate, and appear on behalf of the Debtor at all Court hearings in connection with the Debtor's case; and f. render legal advice and perform all other legal services in connection with the foregoing and in connection with this chapter 11 case. Robbins DiMonte will charge these hourly rates: Carolina Y. Sales, Partner $575 Esteban Valtierra, Associate $320 Robbins DiMonte received $25,000 as retainer. The firm additionally received $1,738 to pay the filing fee for this chapter 11 case. Robbins DiMonte does not hold or represent any interest adverse to the Debtor's estate, is a "disinterested person" as that phrase is defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Carolina Y. Sales, Esq. Esteban Valtierra, Esq. Robbins DiMonte 216 W. Higgins Road Park Ridge, IL 60068 Phone: (847) 698-9600 Email: csales@robbinsdimonte.com Email: evaltierra@robbinsdimonte.com About 6363 West 73rd Street LLC 6363 West 73rd Street, LLC is an Illinois limited liability company. 6363 West 73rd Street, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-10122) on June 16, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Ben L. Schneider, Esq., and Matthew Stone, Esq., at Schneider & Stone. 826 CAPITAL: Case Summary & Four Unsecured Creditors ---------------------------------------------------- Debtor: 826 Capital Holdings LLC FKA Hospitality Acquisition Corp. 1000 Biscayne Blvd 3901 Miami, FL 33132 Business Description: 826 Capital Holdings LLC owns Unit 3901, a luxury residential condominium at One Thousand Museum in downtown Miami, Florida. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-19356 Judge: Hon. Corali Lopez-Castro Debtor's Counsel: Ariel Sagre, Esq. SAGRE LAW FIRM, P.A. 5201 Waterford District Drive, Suite 892 Miami, FL 33126 Tel: 305-266-5999 Email: law@sagrelawfirm.com Total Assets: $6,008,608 Total Liabilities: $66,310,000 The petition was signed by Jason Ader as owner. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SB7E2LI/826_CAPITAL_HOLDINGS_LLC__flsbke-26-19356__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Four Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Miami-Dade Tax Collector Unknown 200 NW 2 Avenue Miami, FL 33128 2. RIMU Capital Ltd. $25,000,000 c/o Lachman Cohen & Belowich LLP 1133 Westchester Ave., Suite N-200 West Harrison, NY 10604 3. Zama Capital Master Fund, LP $40,000,000 57 West 57th Street, Suite 316 New York, NY 10019 4. Zama Capital Master Fund, LP $0 c/o Homer Bonner, et al. 1200 Four Seasons Tower 1441 Brickell Avenue Miami, FL 33131 826 CAPITAL: Hires Sagre Law Firm PA as Bankruptcy Counsel ---------------------------------------------------------- 826 Capital Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Sagre Law Firm, PA 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 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. Ariel Sagre, Esq., the primary attorney in this representation, will be billed at his hourly rate of $550. The firm received a retainer of $40,000 from the Debtor. Mr. Sagre 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: Ariel Sagre, Esq. Sagre Law Firm, PA 5201 Waterford District Drive, Suite 892 Miami, FL 3312 Telephone: (305) 266-5999 Email: law@sagrelawfirm.com About 826 Capital Holdings LLC 826 Capital Holdings LLC is a Miami, Florida-based investment holding company. The company serves as a holding entity for investment assets and, as of mid-2026, its principal asset is a luxury condominium at 1000 Biscayne Boulevard in Miami. Formerly known as Hospitality Acquisition Corp. LLC, the company was established to pursue investments in the gaming and hospitality industries. 826 Capital Holdings LLC sought relief under Chapter 11, Subchapter V of the U.S. Bankruptcy Code (Bankr. Case No. 26-19356) on July 17, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $50 million to $100 million. The Debtor is represented by Ariel Sagre, Esq. 948-52 W. WEBSTER: Gets Final OK to Use Cash Collateral ------------------------------------------------------- 948-52 W. Webster, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral to fund its operations. The final order authorized the Debtor to use Byline Bank's cash collateral based on the court-approved budget and granted the bank adequate protection through replacement liens on all personal property acquired by the Debtor after the petition date. The Debtor must also make the periodic adequate protection payments required under the approved budget. Events of default include material violations of the order, unauthorized use of cash collateral, payment defaults, dismissal or conversion of the Debtor's Chapter 11 case, and appointment of a Chapter 11 trustee, with specified notice and cure periods before a termination event occurs. If a termination event occurs and is not timely cured, the Debtor's authority to use cash collateral ends, all amounts owed to Byline Bank become immediately due, and the lender may seek relief from the automatic stay through the court. A copy of the final order and the Debtor's budget is available at https://shorturl.at/VNZwU from PacerMonitor.com. Byline Bank, as lender, is represented by: Andrew H. Eres, Esq. Dickinson Wright, PLLC 71 S. Wacker Drive, Suite 2700 Chicago, IL 60606 Phone: 312-377-7891 aeres@dickinson-wright.com About 948-52 W. Webster LLC 948-52 W. Webster, LLC is a limited liability company that owns and manages real estate assets. 948-52 W. Webster sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-10520) on June 23, 2026. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Debtor is represented by E. Philip Groben III, Esq., at Gensburg Calandriello & Kanter, P.C. AC EVOLUTION: Seeks Subchapter V Bankruptcy in Massachusetts ------------------------------------------------------------ On July 22, 2026, AC Evolution LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the Marshfield, Massachusetts-based residential real estate company reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million, with between 1 and 49 creditors. Chapter 11 Reorganization Plan Under Small Business Subchapter V Due October 20, 2026. About AC Evolution LLC AC Evolution LLC is a Marshfield, Massachusetts-based lessor of residential real estate. Court records identify the company as a single asset real estate business whose operations are focused on managing residential property holdings. The company's real estate assets have been involved in ongoing litigation and a preliminary injunction related to asset recovery efforts involving the U.S. government and Gulf Coast Bank and Trust Company. AC Evolution LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11742) on July 22, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Janet E. Bostwick is overseeing the bankruptcy case. The Debtor is represented by John O. Desmond, Esq. AC EVOLUTION: Stephen Darr Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 1 appointed Stephen Darr of Huron Consulting Group as Subchapter V trustee for AC Evolution, LLC. Mr. Darr will be paid an hourly fee of $750 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Darr declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Stephen Darr Huron Consulting Group 265 Franklin Street, Suite 402 Boston MA 02110 Phone: (617) 226-5593 Email: sdarr@hcg.com About AC Evolution LLC AC Evolution, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-11742) on July 22, 2026, with $1 million to $10 million in both assets and liabilities. Judge Janet E. Bostwick presides over the case. John O. Desmond, Esq., represents the Debtor as legal counsel. ADDENTAX GROUP: Signs $1.2M Private Placement w/ Pinnacle Partners ------------------------------------------------------------------ Addentax Group Corp. said in a regulatory filing with the Securities and Exchange Commission that, on July 28, 2026, it entered into a Private Placement Agreement with Pinnacle Partners Inc., a British Virgin Islands company, pursuant to which the Company agreed to issue and sell to the Investor, and the Investor agreed to purchase, 250,000 shares of the Company's common stock, par value $0.001 per share, at a purchase price of $4.80 per share, for aggregate gross proceeds of approximately $1.2 million, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended. The Private Placement Agreement contains customary representations, warranties, and covenants of the Company and the Investor. The closing of the private placement is subject to the satisfaction or waiver of customary closing conditions set forth in the Private Placement Agreement. The Shares are expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by Regulation S promulgated thereunder. The Shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. Pinnacle Partners may be reached through: Yuen Wing Yan Pinnacle Partners Inc. Start Chambers, Wickham's Cay II P. O. Box 2221, Road Town Tortola, British Virgin Islands Email: wyyuenx@gmail.com A full-text copy of the Private Placement Agreement is available at https://tinyurl.com/yuyyftvy About Addentax Group Corp. Addentax Group Corp. -- https://www.addentax.com/ -- is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. Kuala Lumpur, Malaysia-based HML PLT, the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 29, 2026, attached to the Company's Annual Report, citing that the Company has incurred a net loss of approximately $4.47 million during the period, which raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $29.3 million in total assets, $7.6 million in total liabilities, and $21.7 million in total equity. ALECTO HEALTHCARE: Appeals Court Upholds Chapter 11 Reorg. Plan --------------------------------------------------------------- Emlyn Cameron of Law360 reports that on Tuesday, July 28, 2026, a federal appeals court has upheld Alecto Healthcare Services LLC's Chapter 11 restructuring after rejecting an appeal by creditors seeking to overturn the company's confirmed reorganization plan. In a decision, the Third Circuit affirmed the bankruptcy court's approval of the streamlined Chapter 11 process. The creditor group argued that the confirmation should be reversed because the expedited proceedings allegedly failed to adequately protect creditor interests. The appellate court found those arguments unpersuasive, concluding that the confirmation complied with applicable bankruptcy standards. The decision preserves the hospital operator's restructuring plan and removes another legal obstacle to its implementation. The ruling underscores the broad discretion bankruptcy courts have when confirming Chapter 11 plans that satisfy the requirements of the Bankruptcy Code, the report states. 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. ALKEGEN HOLDING: Gets Court OK to Tap Part of $360MM DIP Financing ------------------------------------------------------------------ Vince Sullivan of Law360 reports that Alkegen won court approval Tuesday to tap part of a $630 million Chapter 11 financing package after a Texas bankruptcy judge rejected challenges to the size of the requested interim borrowing. The decision gives the specialty materials producer immediate liquidity to continue operating during its bankruptcy proceedings. The financing is backed by the company's existing lenders and will support day-to-day business activities, including employee wages, vendor obligations, and working capital needs. Several parties objected to the scope of the interim request, arguing that only a smaller amount should be approved until the court conducts a final hearing on the loan, the report relays. The judge overruled those objections and authorized interim access to the financing, finding the funding necessary to preserve the business during the early stages of the Chapter 11 case. Alkegen will seek final approval of the full DIP facility as it advances its court-supervised restructuring designed to significantly reduce its debt burden, according to Law360. About Alkegen Alkegen Holding is a specialty materials manufacturer formed in 2021 through the merger of Unifrax and Lydall, Inc. Headquartered in Buffalo, New York, the company develops and manufactures high-performance materials used in electric vehicles, battery technology, filtration, thermal management, fire protection, aerospace, industrial manufacturing, and energy applications. Alkegen operates a global manufacturing network serving customers across North America, Europe, and Asia. Alkegen Holding sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-80010) on July 26, 2026. In its petition, the Debtor reports estimated assets and liabilities of between $1 billion and $10 billion. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Jason S. Brookner, Esq. of Gray Reed & Mcgraw LLP. AMCP CLEAN: S&P Assigns 'B' ICR on Refinancing and Business Growth ------------------------------------------------------------------ S&P Global Ratings assigned its 'B' issuer credit rating to outsourced laundry and linen services provider AMCP Clean Holding Co. LLC (dba PureStar) and 'B' issue-level ratings to its revolver and term loans. S&P also assigned a '3' recovery rating. S&P said, "We base our ratings on the company's niche market position, recent strong performance through organic growth and inorganic expansion, and elevated leverage to support an acquisitive growth strategy. "The stable outlook reflects our expectation for steady organic and acquisition-driven revenue growth to support deleveraging toward the mid- to high-5x range." PureStar plans to issue a $90 million revolving credit facility, $825 million first-lien term loan, and $150 million delayed drawn term loan (DDTL) to refinance its existing debt and fund acquisitions. S&P said, "Our ratings reflect PureStar's smaller market position as a national provider of outsourced laundry linen management services within the hospitality and healthcare industries. Operating across the U.S., Mexico, and the Bahamas, PureStar maintains a significant footprint within a highly fragmented and competitive industry. While the company's scale remains modest relative to large-scale national uniform and services providers such as Cintas Corp. and Vestis Corp., PureStar has established a strong niche presence serving hospitality and healthcare end-markets. It has leading market share in numerous high growth hospitality regions, including Las Vegas and Hawaii. We believe the company benefits from attractive service contracts that include various price escalators, such as CPI and fuel surcharges, which help mitigate inflationary pressures and allow it to pass on price increases. However, our view is tempered by relatively lower historical EBITDA margins, weaker historical cash flow generation compared with similar peers, and smaller overall market share. "We expect the refinancing to be leverage neutral with debt to EBITDA of about 6x. The proposed transaction will raise approximately $1.1 billion, which PureStar will use to refinance existing debt as well as to cover transaction-related fees and expenses. We expect the proposed revolver and delayed drawn term loan to remain undrawn at close. In addition, we believe the refinancing should improve rates materially from the existing levels. "The transaction will provide the necessary liquidity to fund upcoming strategic initiatives including business investments and future acquisitions. Considering average multiples in the industry and the expected rapid achievement of synergies, we do not anticipate future acquisitions will materially increase the company's leverage above our downside case on a sustained basis. We also think the upsized of the revolver (to $90 million from $75 million) as appropriate to support the company's rapid expansion and provide flexibility for future tuck-in acquisitions. "We expect PureStar's performance to remain strong, with top-line growth and successful diversification into healthcare end markets." Its December 2025 Emerald acquisition significantly enhanced the company's scale and bolstered its position as a national provider by adding a noncyclical healthcare subsector to its existing hospitality-focused business. The acquisition provided a more stable revenue base and increased the company's overall market position, strengthening its ability to offset potential seasonality or cyclicality in the hospitality sector. In the first quarter of 2026, revenues increased about 67% year over year to $208.3 million, primarily driven by Emerald's contributions and organic growth from higher volumes and new customer wins in hospitality. Its S&P Global Ratings-adjusted EBITDA also increased nearly 92% to $41.8 million, supported by contributions from acquisitions and consistent performance across the hospitality sector. S&P said, "We expect similar levels of growth for the full year, supported by contributions from the Emerald acquisition and the company's ongoing strategy of smaller tuck-in acquisitions to expand its geographic footprint and service capabilities. We expect a meaningful improvement in free operating cash flow (FOCF) this year to about $50 million on performance growth, which we expect the company to use for business reinvestment and acquisition-related funding." S&P said, "We expect PureStar's financial policy will keep leverage elevated as it continues to grow through mergers and acquisitions. Pro forma for the refinancing, we expect leverage to increase to about 6x this year, improving to slightly under 5.5x by year-end 2027. We expect this improvement to be driven by organic EBITDA growth, the realization of cost synergies from acquisitions, and disciplined price increases. "We do not anticipate debt-funded dividends because we believe private-equity sponsor Cornell Capital will likely focus on using the company's cash resources for business growth. Since the acquisition in 2018, PureStar has not distributed any dividends to Cornell Capital; instead, it used cash and additional borrowings to fund acquisitions." Key strengths Key risks Strong top-line growth Lower barriers to entry due to lack and successful of product differentiation and diversification into replicable business model. noncyclical healthcare end markets. Improving scale and Vulnerability to some cyclicality national market position and seasonality within the through a highly hospitality sector. acquisitive strategy. Asset-lite business model Elevated leverage levels driven with favorable contracts by an ongoing acquisition-driven allowing for flexible growth strategy under cost management. private-equity ownership. S&P said, "The stable outlook on PureStar reflects our expectation that it will benefit from low-single-digit percent organic revenue growth and acquisition revenue over the next 12 months, driving leverage to the mid- to high-5x area. It also reflects our expectation that the company will maintain a balanced growth approach with acquisition and capital investment to continue driving EBITDA growth and cash flow generation. "We could lower our rating on PureStar if we believe it will sustain leverage above 6x and we estimate limited prospects of improvements." This could occur due to: -- A more aggressive financial policy driven by debt-funded distributions; or -- Weaker-than-expected operating performance due to lower demand for its services or heightened competitive pressures leading to customer attrition. S&P said, "Although unlikely given its financial-sponsor ownership, we could raise our rating on PureStar if EBITDA growth or debt prepayment improve leverage below 5x on a consistent basis. This would most likely occur if the company sustains low- to mid-single-digit percent organic growth, curtails its acquisition-driven growth plan, and uses free operating cash flow for early debt repayment. We would also need to believe the likelihood of a debt-funded dividend is low." AMERICA'S LISTING: Gets Extension to Access Cash Collateral ----------------------------------------------------------- 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 Sept. 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://urlcurt.com/u?l=APFpLX 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. ANGEL NAILS: Case Summary & 13 Unsecured Creditors -------------------------------------------------- Debtor: Angel Nails and Spa Tanasbourne, LLC 9305 NE Windsor Street Beaverton, OR 97006 Business Description: Angel Nails & Bar operates a nail salon in Hillsboro, Oregon. The company provides manicure, pedicure and artificial nail services, as well as waxing, facials, eyelash extensions and eyebrow tinting. It also offers children's nail services, electronic gift cards and space for private events. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court District of Oregon Case No.: 26-32593 Judge: Hon. David W Hercher Debtor's Counsel: Theodore J. Piteo, Esq. MICHAEL D. O'BRIEN & ASSOCIATES PC 7609 SW Beveland Rd. Portland, OR 97223 E-mail: ted@pdxlegal.com Total Assets: $164,267 Total Liabilities: $1,817,163 The petition was signed by Lawrence Ledam as owner. A full-text copy of the petition, which includes a list of the Debtor's 13 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RZXQBKQ/Angel_Nails_and_Spa_Tanasbourne__orbke-26-32593__0001.0.pdf?mcid=tGE4TAMA ANGELDOCS INC: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Angeldocs Inc. 195-39 Hillside Avenue Hollis, NY 11423 Business Description: Angeldocs Inc. is a nonprofit organization based in Hollis, New York, that provides health education, community outreach and health-literacy programs for uninsured and underserved individuals and families. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43556 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Lawrence Morrison, Esq. MORRISON TENENBAUM PLLC 87 Walker Street, Second Floor New York, NY 10013 Email: lmorrison@m-t-law.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Dorothy Ogundu as director. 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/6IOKSCQ/ANGELDOCS_INC__nyebke-26-43556__0001.0.pdf?mcid=tGE4TAMA APPLE TREE: Gets $4MM Funds for Biotech Portfolio Companies ----------------------------------------------------------- Alex Wittenberg of Alex Wittenberg of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge approved Apple Tree Life Sciences Inc.'s request to provide another $4 million in Chapter 11 funding to its biotechnology portfolio companies after independent managers took over the venture capital firm's operations. The financing is intended to keep research programs running and fund essential business expenses during the restructuring. The decision comes shortly after a Cayman Islands court removed Apple Tree's former management and installed independent officeholders following a governance dispute involving the company's principal investor. The newly appointed managers supported the funding request, arguing that preserving the value of the portfolio companies was critical for creditors and other stakeholders, according to report. The court's order authorizes Apple Tree to continue advancing capital to its portfolio companies while also paying management company and bankruptcy-related expenses. The approval marks another step in the company's effort to stabilize operations as it works through its Chapter 11 restructuring, the report states. About Apple Tree Life Sciences Apple Tree Life Sciences, Inc., legally known as Apple Tree Life Sciences, Inc., is a life sciences venture capital firm that forms and invests in healthcare and biotechnology companies from early stage concepts through public market offerings. The firm provides flexible capital and works with venture partners and entrepreneurs-in-residence to develop research-driven enterprises in the therapeutics sector. Its activities span company creation at stages ranging from pre-intellectual-property ideas to asset spinouts. Apple Tree Life Sciences, Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12177) on Dec. 9, 2025. In its petition, the Debtor reports estimated liabilities between $1 billion and $10 billion estimated liabilities between $100,000 and $500,000. Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors' General Bankruptcy Co-Counsel is POTTER ANDERSON & CORROON LLP. The Debtors' General Bankruptcy Co-Counsel is QUINN EMANUEL URQUHART & SULLIVAN, LLP. The Debtors' Financial & Restructuring Advisor is B. RILEY. The Debtors' Cayman Law Counsel is WALKERS. ARC PRIMARY: Gets Final OK to Use Cash Collateral ------------------------------------------------- ARC Primary Care, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of Texas, McAllen Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral to fund its operations based on the court-approved final budget. The Debtor may exceed individual budget line items by up to 10% on a cumulative basis, provided the total expenditures for the applicable period do not exceed the overall budget by more than 10%. If the budget period expires before confirmation of a Chapter 11 plan or another terminating event, the Debtor may continue using cash collateral on a rolling monthly basis under the final budget. The Debtor's authority to use cash collateral will terminate upon confirmation of a Chapter 11 plan, dismissal or conversion of its Chapter 11 case, appointment of a Chapter 11 trustee, or a material breach of the order. Secured creditors will be granted adequate protection through replacement liens on the Debtor's post-petition accounts receivable, contract rights, and deposit accounts, with the same validity, priority, and extent as their pre-petition liens. The order also includes a carveout for court fees, U.S. Trustee fees, up to $15,000 for a trustee's administrative expenses, and Subchapter V Trustee fees. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/h5mff from PacerMonitor.com. About ARC Primary Care LLC ARC Primary Care, LLC, doing business as Happy Valley Home Care, provides home care services in Edinburg, Texas. It offers private duty nursing, primary home care, and 24-hour medical support at home, including skilled nursing care and physician-prescribed treatments such as ventilator care, tracheostomy aspiration care, nasopharyngeal treatments, and gastrostomy feedings. It serves children under age 21 with serious medical conditions and works with the Texas STAR Kids program and listed insurers. ARC Primary Care sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-70143) on May 15, 2026. In the petition signed by Richard Troy Nelson, managing member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Eduardo V Rodriguez oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as bankruptcy counsel. ASOCIACION HOSPITAL: Court OKs Start of Chapter 11 Sale Process --------------------------------------------------------------- Stephanie L. Lopez of W Journal reports that a federal bankruptcy court has cleared El Maestro Hospital to proceed with its sale after confirming the hospital's Chapter 11 reorganization plan satisfies the requirements of the U.S. Bankruptcy Code. Judge Enrique Lamoutte approved the plan in a July 27 ruling following a confirmation hearing held earlier in the month. At the hearing, the hospital said it had reached settlements with major creditors, including the U.S. Department of Health and Human Services, eliminating all active objections to the restructuring proposal. The agreements paved the way for court approval of the plan. El Maestro also informed the court that it amended its asset purchase agreement with González Group LLC, which is set to acquire the hospital for $15.6 million. The revised agreement extends the closing deadline to Sept. 1, 2026, giving both parties additional time to finalize the transaction, the report states. As part of the amendment, González Group agreed to fund the hospital's operating needs until closing and maintain its non-refundable deposits. The hospital entered Chapter 11 in August 2025 after reporting total liabilities of $39.6 million, including $14.2 million in secured debt and $6.1 million in unsecured debt, according to report. About Asociacion Hospital Del Maestro Inc. Asociacion Hospital Del Maestro Inc., also known as Hospital El Maestro, is a nonprofit general medical and surgical hospital located in San Juan, Puerto Rico, that was founded in 1955 to serve the teaching community and has since expanded to provide services to the broader population. The hospital operates about 126 staffed beds and offers emergency care, intensive care, radiology, surgery, hemodialysis, and a range of medical specialties for children and adults. It is accredited by the Joint Commission and functions as a 501(c)(3) organization with a focus on healthcare, education, and community service. Asociacion Hospital Del Maestro Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-03780) on August 25, 2025. In its petition, the Debtor reports total assets of $13,396,955 and total liabilities of $39,669,466. Judge Enrique S. Lamoutte Inclan handles the case. The Debtor tapped Wigberto Lugo Mender, Esq., at Lugo Mender Group, LLC as legal counsel; CPA Luis R. Carrasquillo & Co., P.S.C. a financial consultant; and IEC Consulting, LLC as investment consultant. Banco Popular de Puerto Rico, as secured creditor, is represented by Luis C. Marini-Biaggi, Esq. and Carolina Velaz-Rivero, Esq. at Marini Pietrantoni Muniz, LLC. ASP UNIFRAX: Court OKs Interim DIP Loan, Cash Collateral Access --------------------------------------------------------------- ASP Unifrax Holdings, Inc. and affiliates received interim approval from the U.S. Bankruptcy Court for the Northern District of Texas to obtain post-petition financing and use cash collateral. The financing consists of a $630 million superpriority senior secured debtor-in-possession facility administered by Wilmington Savings Fund Society, FSB. This facility comprises $315 million in new-money instruments, with $265 million available upon interim court approval and $50 million available upon entry of a final order, as well as a matching $315 million roll-up component that exchanges allowed pre-petition first lien claims on a one-to-one cashless basis. To streamline the roll-up process across global debt holders without generating administrative delays, claims are temporarily classified as contingent rolled-up instruments before being formally exchanged into post-petition roll-up notes through DTC's automated tender offer program. Backstop parties agreed to fully commit the DIP facility in exchange for a 5% backstop premium on new-money funds, with the long-term plan contemplating the conversion of the $315 million new-money DIP debt into an exit term facility alongside an equity rights offering upon plan confirmation. Entering Chapter 11 with only $35 million in unrestricted cash, the Debtors required immediate DIP proceeds to pay off roughly $188 million in outstanding pre-petition First Lien revolving loans and cash collateralize outstanding letters of credit at 103% of face value, totaling approximately $8.4 million. The remaining capital funds daily administrative expenses, ensures trade creditors remain unimpaired, and stabilizes key commercial relationships with vendors and customers. To secure the DIP obligations, the Debtors offer to grant first-priority priming liens and superpriority administrative expense claims under Bankruptcy Code Sections 364(c) and 364(d), subject only to a customary professional fee carveout. The Debtors also offer replacement liens to pre-petition secured creditors as adequate protection for the use of their cash collateral. The Debtors entered Chapter 11 supported by a restructuring support agreement signed by nearly 99% of first lien claimholders, 80% of second lien noteholders, 95% of preferred A stockholders, and 99% of senior common stockholders. The overarching goal of the financial restructuring is to equitize a substantial portion of the Debtors' funded debt, infuse essential operational liquidity, and deleverage balance sheet by approximately $3.1 billion. The Debtors' distress stems from adverse macroeconomic crosscurrents, rising interest rates, global tariff pressures, and overcapacity-driven pricing pressures that severely compressed international demand for industrial products. In response, the Debtors reorganized leadership in late 2025 and early 2026 by appointing Brian Whittman as chief executive officer and Bob Caruso as chief transformation officer, alongside engagement of Alvarez & Marsal, Kirkland & Ellis LLP, and Centerview Partners LLC. After evaluating both out-of-court and in-court options, the Debtors determined that an in-court proceeding was required to execute a comprehensive balance sheet restructuring. Market outreach conducted by Centerview to 10 specialized direct lenders yielded no competing priming or junior post-petition proposals, confirming that the negotiated lender group DIP facility was the sole viable option. The order is available at http://bankrupt.com/misc/ASPUnifrax_DIPOrder55.pdf The court scheduled a final hearing for August 25 and set an August 19 deadline for filing objections. Wilmington Savings Fund Society, as DIP agent, is represented by: Buffey E. Klein, Esq. BLANK ROME LLP 200 Crescent Court, Suite 1000 Dallas, TX 75201 Telephone: (972) 850-1450 buffey.klein@blankrome.com -and- Jordan L. Williams, Esq. BLANK ROME LLP 1201 N. Market Street, Suite 800 Wilmington, DE 19801 Telephone: (302) 425-6400 jordan.williams@blankrome.com -and- John R. Ashmead, Esq. Gregg S. Bateman, Esq. Catherine V. LoTempio, Esq. SEWARD & KISSEL LLP One Battery Park Plaza New York, NY 10004 Telephone: (212) 574-1200 ashmead@sewkis.com bateman@sewkis.com lotempio@sewkis.com About ASP Unifrax Holdings Inc. ASP Unifrax Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers ceramic fibers, heat insulation, fire protection, emission control, and other related chemical products. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-80008) on July 26, 2026. In the petition signed by William K. Piotrowski, authorized signatory, the Debtor disclosed between $1 billion and $10 billion in both assets and liabilities. Judge Scott W. Everett oversees the case. The Debtors are represented by: Gray Reed 1845 Woodall Rodgers Fwy Suite 1300 Dallas, TX 75201 Phone: 713.986.7000 Fax: 713.986.7100 Jason S. Brookner, Esq. jbrookner@grayreed.com Lydia R. Webb, Esq. lwebb@grayreed.com Amber M. Carson, Esq. acarson@grayreed.com Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. AUTHENTIC FLAVOR: Linda Leali Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq., as Subchapter V trustee for Authentic Flavor, LLC. Ms. Leali will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Leali declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Linda M. Leali Linda M. Leali, P.A. 2525 Ponce De Leon Blvd., Suite 300 Coral Gables, FL 33134 Telephone: (305) 341-0671, ext. 1 Facsimile: (786) 294-6671 Email: leali@lealilaw.com About Authentic Flavor LLC Authentic Flavor, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19725) on July 23, 2026, with $100,001 to $500,000 in both assets and liabilities. Judge Peter D. Russin presides over the case. Nicholas B. Bangos, Esq., represents the Debtor as legal counsel. AUTOWERKS CSTX: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Texas entered an interim order authorizing Autowerks CSTX, LLC to use cash collateral in its Chapter 11 case. Under the interim order, the Debtor is authorized to use cash collateral, including revenue generated in the ordinary course of business, through August 17 in accordance with the approved budget. The Debtor projects 30-Days total operational expenses of $121,658. As adequate protection, secured creditors will be granted post-petition replacement liens on cash collateral and property acquired after the petition date, maintaining the same extent and priority as their prepetition liens. Holders of allowed secured claims will also be granted replacement liens on post-petition accounts receivable, contract rights, and deposit accounts to protect their interests during the interim period. The order preserves all creditors' rights to seek additional adequate protection, object to improper use of cash collateral, or pursue other remedies. The replacement liens remain subordinate to a carve-out for bankruptcy administrative expenses, including Clerk's fees, U.S. Trustee fees, up to $15,000 for a trustee's reasonable fees and expenses if appointed, and Court-approved Subchapter V Trustee fees. These protections survive dismissal or conversion of the case to Chapter 7, subject to the terms of the Order. The Debtor's authority to use cash collateral will automatically terminate if its Chapter 11 case is dismissed, converted, or a Chapter 11 trustee is appointed, if the interim authorization expires without extension, or if the Debtor materially breaches the approved budget. The court scheduled a final hearing for August 17. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/nJ1IG from PacerMonitor.com. About Autowerks CSTX LLC Autowerks CSTX, LLC is a family-owned independent automotive service facility established in 1975 and located in College Station, Texas. The company provides scheduled maintenance, diagnostics, oil changes, brake and drivetrain work, climate-control service, alignments, and other vehicle repair services. AutoWerks exclusively services European automobile brands including BMW, Jaguar, Land Rover, Mercedes, MINI, Porsche, Rolls-Royce, and Volvo. Autowerks CSTX filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 26-35062) on July 13, 2026, with $81,077 in assets and $2,600,092 in liabilities. William R. Marden, owner, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Robert C. Lane, Esq., at The Lane Law Firm represents the Debtor as bankruptcy counsel. BACK2 HEALTH: Case Summary & 14 Unsecured Creditors --------------------------------------------------- Debtor: Back2 Health Physical Therapy, Inc. 1335 N. La Brea Ave., Suite 3 Los Angeles CA 90028 Business Description: Back2 Health Physical Therapy is a physical therapy practice founded in 2006 with locations in Los Angeles and Burbank, California. It provides rehabilitation services including therapeutic exercise, manual therapy, patient education, physical modalities, vestibular rehabilitation, pelvic floor treatment, and lymphedema management. The practice serves patients with musculoskeletal and balance-related conditions, injuries, and pre- or post-surgical rehabilitation needs. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-17120 Judge: Hon. Vincent P Zurzolo Debtor's Counsel: Laura Portillo, Esq. PORTILLO RONK LEGAL TEAM 5716 Corsa Avenue 207 Westlake Village, CA 91362 Tel: 805-203-6123 Email: attorneys@portilloronk.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Vladislav Shut as chief executive officer. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ROLU6GQ/Back2_Health_Physical_Therapy__cacbke-26-17120__0001.0.pdf?mcid=tGE4TAMA BAYOU CRAFTING: Case Summary & Nine Unsecured Creditors ------------------------------------------------------- Debtor: Bayou Crafting Company 300 Ridge Road, Suite D Lafayette, LA 70506-7213 Business Description: Bayou Crafting Company operates a crafting- supply store in Lafayette, Louisiana. The company sells vinyl, apparel, blank products, and ready-to-press items and provides custom direct-to-film printing, image-design, gang-sheet, and garment-pressing services. Its services support crafting and apparel-decoration projects, including orders based on customer- submitted artwork. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 26-50646 Judge: Hon. John W Kolwe Debtor's Counsel: Ryan J. Richmond, Esq. STERNBERG, NACCARI & WHITE, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Tel: (225) 412-3667 E-mail: ryan@snw.law Total Assets: $0 Total Liabilities: $1,642,649 The petition was signed by Jude Savoie as president. A copy of the Debtor's list of its nine unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OWKWMLA/Bayou_Crafting_Company__lawbke-26-50646__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OIEMMIQ/Bayou_Crafting_Company__lawbke-26-50646__0001.0.pdf?mcid=tGE4TAMA BAYOU CRAFTING: Case Summary & Nine Unsecured Creditors ------------------------------------------------------- Debtor: Bayou Crafting Company 300 Ridge Road, Suite D Lafayette, LA 70506-7213 Business Description: Bayou Crafting Company operates a crafting- supply store in Lafayette, Louisiana. The company sells vinyl, apparel, blank products, and ready-to-press items and provides custom direct-to-film printing, image-design, gang-sheet, and garment-pressing services. Its services support crafting and apparel-decoration projects, including orders based on customer- submitted artwork. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 26-50646 Judge: Hon. John W Kolwe Debtor's Counsel: Ryan J. Richmond, Esq. STERNBERG, NACCARI & WHITE, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Tel: (225) 412-3667 E-mail: ryan@snw.law Total Assets: $0 Total Liabilities: $1,642,649 The petition was signed by Jude Savoie as president. A copy of the Debtor's list of its nine unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OWKWMLA/Bayou_Crafting_Company__lawbke-26-50646__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OIEMMIQ/Bayou_Crafting_Company__lawbke-26-50646__0001.0.pdf?mcid=tGE4TAMA BAYOU CRAFTING: Hires Sternberg Naccari & White LLC as Attorney --------------------------------------------------------------- Bayou Crafting Company seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to hire Sternberg, Naccari & White, LLC as attorneys. The firm will provide legal advice with respect to the Debtor's powers and duties as a debtor-in-possession and to perform all legal services for the Debtor which may be necessary. SNW has agreed to an hourly rate of $400 for Ryan Richmond, a partner at SNW. The firm received in trust a retainer in the aggregate amount of $21,740. Mr. Richmond disclosed in the court filing that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Ryan Richmond, Esq. Sternberg, Naccari & White, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Phone: (225) 412-3667 Fax: (225) 286-3046 Email: ryan@snw.law About Bayou Crafting Company Bayou Crafting Company is an arts and crafts retailer headquartered in Lafayette, Louisiana. The business operates a retail showroom offering custom crafting supplies and ready-to-press items while maintaining an inventory exceeding 3,000 products. The company rebranded from Bayou Art Co-Op to its current name during 2024 and 2025. Bayou Crafting Company filed for protection under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-50646) on July 17, 2026. Bankruptcy schedules list estimated assets of up to $50,000 and estimated liabilities of $1 million to $10 million. The Honorable John W. Kolwe is presiding over the bankruptcy proceedings. The Debtor is represented by Ryan James Richmond, Esq., of Sternberg, Naccari & White, LLC. BELL'S BETTER: Matthew Brash Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 11 appointed Matthew Brash of Newpoint Advisors Corporation as Subchapter V trustee for Bell's Better Building, Inc. Mr. Brash will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Brash declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Matthew Brash Newpoint Advisors Corporation 655 Deerfield Road, Suite 100-311 Deerfield, IL 60015 Tel: (847) 404-7845 About Bell's Better Building Inc. Bell's Better Building, Inc., doing business as Twenty Eleven Construction, provides residential remodeling and construction-management services, as well as curb, gutter, sidewalk, highway, street and bridge construction. Bell's Better Building sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill., Case No. 26-12065) on July 21, 2026, with $1 million to $10 million in both assets and liabilities. Vanessa Rhodes, president, signed the petition. William E. Jamison, Jr., Esq. at William E. Jamison & Associates represents the Debtor as legal counsel. BERKSHIRE LAND: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Berkshire Land & Realty, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of New York, Poughkeepsie Division, to use cash collateral. The court authorized the Debtor's interim access to cash collateral based on an approved budget through September 16. Carmine Lopane, a secure creditor, will be granted adequate protection through replacement liens on the Debtor's post-petition assets, with the same validity, priority and extent as its pre-petition liens. These replacement liens exclude avoidance actions. As additional protection, the secured creditor will receive a monthly payment of $3,115.84. The interim order preserves the creditor's secured position while allowing the Debtor to continue using cash collateral during the Chapter 11 case. A copy of the court's order is available at https://shorturl.at/ugvoA from PacerMonitor.com. A further hearing is scheduled for September 15. About Berkshire Land & Realty LLC Berkshire Land & Realty, LLC owns mixed-use real property in Patterson, New York, located at 2714 Route 22, 3-27 Lopane Drive, and 39 Lopane Drive. The property consists of three lots totaling approximately 30 acres and includes three rental houses, a 3,000-square-foot commercial nursery, and two greenhouses. The property has an appraised value of approximately $2.14 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-35653) on June 19, 2026. In the petition signed by Jesus Flores, managing member, the Debtor disclosed $2,145,800 in total assets and $1,722,300 in total liabilities. Judge Kyu Young Paek oversees the case. Michelle L. Trier, Esq., at Genova, Malin & Trier, LLP, represents the Debtor as legal counsel. BESPOKE AESTHETICS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida granted Bespoke Aesthetics Inc. continued interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in accordance with its approved budget through August 12 and is permitted a 10% variance for any budget item. The court also authorized the Debtor to increase spending beyond the budget when necessary to meet unforeseen customer demand, provided that the additional expenses are expected to generate a corresponding increase in revenue. The court determined that Busey Bank holds the exclusive interest in the Debtor's cash collateral and granted the bank a post-petition replacement lien on the Debtor's accounts receivable. The replacement lien maintains the same validity, priority, and extent as Busey Bank's properly perfected prepetition lien, providing adequate protection for its secured interest. The court scheduled a final hearing for August 12. Until then, the interim authorization remains in effect under the terms of the order. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/6EQW2 from PacerMonitor.com. About Bespoke Aesthetics Inc. Bespoke Aesthetics Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18111-EPK) on June 20, 2026. In the petition signed by Cristina Sinacori, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Erik P. Kimball oversees the case. Julianne Frank, Esq., at Julianne Frank P.A., represents the Debtor as legal counsel. BISHOP 10TH STREET: Lender Seeks to Prohibit Cash Collateral Access ------------------------------------------------------------------- Loan Funder LLC, Series 70365 and Loan Funder LLC, Series 70679 asked the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division to prevent Bishop 10th Street Townhomes, LLC from using cash collateral. The lenders said that since filing its petition, the Debtor has failed to file any first-day motions, required Section 521 documents, or a motion seeking authority to use cash collateral under 11 U.S.C. Section 363. The financial relationship between the parties stems from transactions executed on March 18, 2024, wherein the Debtor delivered two promissory notes to Loan Funder LLC, Series 70679: Promissory Note 1 in the principal amount of $3,226,300 and Promissory Note 2 in the principal amount of $3,194,800 (or $3,194,200 as typed). Repayment was secured by Commercial Deeds of Trust, Security Agreements, and Fixture Filings recorded in Dallas County, Texas. In addition, the Debtor executed Assignments of Leases and Rents in favor of both lenders, encumbering all rental revenues generated by the property. The lenders said that rental income constitutes their cash collateral, which the Debtor is statutorily prohibited from using without express creditor consent or a court order under 11 U.S.C. Section 363(c)(2). The lenders refuse to consent to any cash collateral usage, arguing that their collateral is actively diminishing in value and that the Debtor lacks the financial capability to provide necessary adequate protection under 11 U.S.C. Sections 361 and 363(e). They argued that under 11 U.S.C. Section 363(p)(1), the Debtor bears the burden of proving adequate protection by clear and convincing evidence, a burden the lenders said cannot be met. A hearing on the matter is set for August 18, at 1:30 p.m. A copy of the motion is available at https://urlcurt.com/u?l=cJv3mk from PacerMonitor.com. About Bishop 10th Street Townhomes LLC Bishop 10th Street Townhomes, LLC is an Irving, Texas-based residential building construction company engaged in the ownership and management of residential townhouse developments. The company's primary operations involve managing a townhouse property located at 723 W. 10th Street in Dallas, Texas, consisting of residential units measuring approximately 1,873 square feet. Bishop 10th Street Townhomes, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33049) on July 7, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Bankruptcy Judge Michelle V. Larson handles the case. The Debtor is represented by E. Aaron Cartwright III, Esq., at Tierra Law, PLLC. BLEUWAVE HOLDING: Hires Burch & Cracchiolo as Bankruptcy Counsel ---------------------------------------------------------------- Bleuwave Holding Company LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Burch & Cracchiolo, P.A. as bankruptcy counsel. The firm will render these services: (a) take necessary or appropriate actions to protect and preserve the Debtor's estate; (b) provide legal advice with respect to Debtor's powers and duties in the continued operation of its business and management of its property; (c) prepare on behalf of Debtor any necessary legal papers; (d) appear in court on behalf of Debtor; (e) prepare and pursue confirmation of a plan and approval of a disclosure statement, and such further actions as may be required in connection with the administration of the Debtor's estate; (f) act as general bankruptcy counsel for the Debtor and perform all other necessary or appropriate legal services in connection with this Chapter 11 case; and (g) act as general litigation counsel for Debtor in connection with any matters "related to" or "arising under" this bankruptcy case or removed to the bankruptcy court or otherwise pending as of the filing of the Bankruptcy Petition. The firm's professionals will be paid at these hourly rates: Alan A. Meda, Attorney $675 Paralegals $225 In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer in the amount of $35,000. Mr. Meda 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: Alan A. Meda, Esq. Burch & Cracchiolo, P.A. 1850 N. Central Ave., Suite 1700 Phoenix, AZ 85004 Telephone: (602) 274-7611 Email: ameda@bcattorneys.com About Bleuwave Holding Company LLC Bleuwave Holding Company LLC is a Scottsdale, Arizona-based provider of integrated facilities support services and trade contracting management. The company serves as a management platform for trade contractors, coordinating construction-related support services and project management. Court filings note that the company's dual building contractor license was suspended by the Arizona Registrar of Contractors in April 2026, and it also faced a labor-related lawsuit before seeking bankruptcy protection. Bleuwave Holding Company LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-06851) on July 14, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The debtor is represented by Alan A. Meda, Esq. of Burch & Cracchiolo, P.A. Michael Carmel is appointed Subchapter V Trustee. BNT SERVICES: Seeks Chapter 11 Bankruptcy to Restructure Debt ------------------------------------------------------------- David Lyons of South Florida Sun Sentinel reports that BNT Services Inc., a manufacturer of hurricane-impact windows and doors in South Florida, has filed for Chapter 11 protection, seeking to reorganize under federal bankruptcy laws while maintaining normal business operations. The move follows mounting financial pressures affecting companies across the construction products sector. The bankruptcy filing allows the company to remain in control of its operations as a debtor in possession while it develops a plan to restructure its debts. Company officials indicated the reorganization is intended to provide the flexibility needed to continue serving customers and suppliers during the court-supervised process, the report cites. The business manufactures impact-resistant windows and doors designed to meet Florida's stringent hurricane building standards. Like many companies in the industry, it has contended with higher production costs, increased interest rates, and slower demand from the residential housing market, according to report. The Chapter 11 case is expected to give the company time to negotiate with creditors and pursue a long-term restructuring. Any proposed reorganization plan will require bankruptcy court approval before the company can emerge from Chapter 11, South Florida Sun Sentinel reports. About BNT Services, Inc. BNT Services, Inc. is a South Florida-based manufacturer of impact-resistant windows and doors serving the residential and commercial construction markets. The company specializes in hurricane-rated building products designed to meet Florida's stringent windstorm protection standards. BNT Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19877) on July 27, 2026. In its petition, the debtor reported estimated assets of $1,000,001 to $10 million and estimated liabilities of $1,000,001 to $10 million. Honorable Bankruptcy Judge Craig A. Pugatch handles the case. The Debtor is represented by Andrew Kamensky, Esq. BOXLIGHT CORP: Increases Authorized Class A Stock to 55 Million --------------------------------------------------------------- Boxlight Corporation on July 28, 2026, said that shareholders approved an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of its Class A common stock to 55 million at the Company's reconvened Annual Meeting of Shareholders held on July 23, 2026. The proposal was approved by shareholders following the Company's Annual Meeting and related proxy materials previously filed with the U.S. Securities and Exchange Commission. Final voting results: At the Reconvened Annual Meeting, there were a total of 667,057 votes outstanding and eligible to be cast and there were shares representing a total of 324,660 votes present in person or by proxy, representing approximately 48.7% of the votes eligible to be cast. A. Increase Share of Class A Common Stock. The Company's shareholders voted to increase the number of authorized shares of Class A common stock to 55 million, with the final vote on the matter being reflected as follows: For: 254,931 Against: 69,424 Abstain: 305 Broker Non-Votes: -- Management Commentary "The approval of this amendment provides Boxlight with additional corporate flexibility to support our long-term strategic objectives," said Ryan Zeek, Chief Financial Officer of Boxlight. "We appreciate the confidence and support of our shareholders as we continue executing our strategy to strengthen the business, drive innovation, and create long-term value." The amendment increases the number of authorized shares of the Company's Class A common stock from its previous authorized amount to 55 million shares. The increase provides the Company with additional flexibility for future corporate purposes, subject to applicable law, Nasdaq listing requirements, and Board approval. Certificate of Amendment to Articles On July 27, 2026, the Company filed a Certificate of Amendment to Articles with the Nevada Secretary of State to effectuate the increase in authorized shares of Class A Common Stock. A copy of the Certificate of Amendment is available at https://tinyurl.com/3nb3a43u About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. Atlanta, Georgia-based Cherry Bekaert LLP, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses and negative cash flows from operations, and may be unable to maintain compliance with financial covenants required by its credit agreement that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $90.7 million in total assets, $92.7 million in total liabilities, and $2 million in total stockholders' deficit. BRAYMAN PRECAST: Secures Interim Green Light for DIP Financing -------------------------------------------------------------- Brayman Precast, LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to obtain debtor-in-possession financing to get through bankruptcy. The interim order authorized the Debtor to obtain an initial $800,000 from a group of lenders, which have committed to provide up to $2.5 million in DIP financing. The remaining $1.7 million will be available upon entry of a final order. The loan is a superpriority term loan credit facility to be provided by BPC-DIP Lending, LLC (also acting as Agent), Brayman Holding Company, Inc., Brayman Construction Corporation, and Stephen M. Muck. The DIP loan will be used to fund working capital, administration costs, and operational obligations in strict compliance with a required bi-weekly approved budget. The loan carries a 12-month maturity period, an interest rate equal to the U.S. prime rate plus 2.00% per annum (with an additional 5.00% default rate), a 1.00% commitment fee ($25,000), and a 2.50% exit fee on advanced funds. To secure the facility, the Debtor offers to grant the lenders superpriority administrative expense claim status under 11 U.S.C. section 364(c)(1), first-priority liens under section 364(c)(2) on unencumbered estate property, and junior liens under section 364(c)(3) on encumbered property. Upon entry of the final order, the DIP liens will also attach to avoidance action proceeds, though not the actions themselves. These liens and super-priority claims remain subordinate only to permitted priority liens and a negotiated carveout covering standard U.S. Trustee fees, unpaid allowed fees for case professionals up to budget limits, and a $250,000 post-notice wind-down carveout amount. The agreement enforces strict governance covenants, including a 15% maximum cumulative disbursement variance cap and key restructuring milestones: entry of a final order by August 21; asset transfer closing by October 26; and plan confirmation by November 25. In the event of an uncured default, the lenders may suspend commitments or exercise remedies following mandatory notice periods (three business days for commitment suspension; 10 business days for full remedies). The order is available at http://bankrupt.com/misc/BraymanPrecast_DIPOrder72.pdf The court scheduled a final hearing for August 27 and set an August 24 deadline for filing objections. About Brayman Precast LLC Brayman Precast, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-22052) on July 24, 2026. In the petition signed by Adam Cohen, chief restructuring officer, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Carlota M. Bohm oversees the case. Michael J. Roeschenthaler, Esq., at Raines Feldman Littrell LLP, represents the Debtor as legal counsel. BRAYMAN PRECAST: Seeks Chapter 11 Bankruptcy -------------------------------------------- Patty Tascarella of Pittsburgh Business Times reports that Brayman Precast LLC has entered Chapter 11 bankruptcy and is pursuing a financial restructuring under Subchapter V, a streamlined bankruptcy process for small businesses. The Saxonburg, Pennsylvania-based precast concrete manufacturer filed its petition in the U.S. Bankruptcy Court for the Western District of Pennsylvania and has engaged GGG Partners LLC to guide the reorganization, with turnaround specialist Adam Cohen leading the effort. According to court documents, the company reported non-contingent liquidated debts below $3.42 million, excluding insider obligations. Brayman Precast listed assets between $1 million and $10 million and liabilities ranging from $500,001 to $1 million. Its largest unsecured creditors include William J. Brown Trucking Inc. and Titusville Fabricators Inc., with claims of roughly $49,400 and $25,610, respectively. The company manufactures precast concrete components from a 30,000-square-foot production facility supported by a dedicated 10,000-square-foot reinforcing steel operation. As an affiliate of Brayman Construction Corp., Brayman Precast has supplied concrete products for commercial and infrastructure projects throughout the region and employs fewer than 50 people, the report states. The bankruptcy filing follows increased attention surrounding several construction projects in which the company participated as a subcontractor, including the fatal collapse of a Philadelphia parking garage and structural issues at a New Jersey medical center parking facility. Brayman Precast is represented by attorney Michael Roeschenthaler of Raines Feldman Littrell as it works to reorganize its business, according to report. About Brayman Precast LLC Brayman Precast LLC is a Saxonburg, Pennsylvania-based manufacturer of precast concrete products. The company operates a 30,000-square-foot climate-controlled manufacturing facility and a 10,000-square-foot reinforcing bar fabrication plant, producing concrete components for commercial and infrastructure projects. Brayman Precast is an affiliate of Brayman Construction Corp. and has operated under its current ownership since 2011. Brayman Precast LLC sought relief under Chapter 11, Subchapter V of the U.S. Bankruptcy Code (Bankr. Case No. 26-22038) on July 24, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $500,001 to $1 million. Honorable Bankruptcy Judge Carlota M. Böhm handles the case. The debtor is represented by Michael Roeschenthaler, Esq., Sarah Elizabeth Wenrich, Esq., and Jordan Nicole Kelly, Esq. of Raines Feldman Littrell LLP. BREAKERS MEZZ I: Reaches $80.8MM Deal with Lender ------------------------------------------------- Nate Beck of Law360 Bankruptcy Authority reports that Breakers Mezz I LLC, the entity overseeing the redevelopment of a historic Long Beach, California, hotel has settled its dispute with a New York lender for $80.8 million after seeking Chapter 11 protection. The bankruptcy court-approved agreement resolves one of the most significant contested matters in the case and clears the way for the restructuring to continue. The debtor entered bankruptcy after financial pressures complicated the renovation of the century-old hotel project. The settlement resolves claims involving the secured financing used to fund the redevelopment and eliminates the need for further litigation over the lender's rights, the report states. With the dispute behind it, the debtor is expected to concentrate on completing its restructuring while preserving the value of the historic property. The agreement provides greater certainty for creditors and advances efforts to achieve a successful resolution of the Chapter 11 case, according to report. About Breakers Mezz I LLC Breakers Mezz I LLC is a company connected to the restoration of the iconic Breakers Hotel in Long Beach, California. Breakers Mezz I LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-18796) on October 2, 2025. In its petition, the Debtor reports $100 million to $500 million in assets and $50 million to $100 million in liabilities. Honorable Bankruptcy Judge Vincent P. Zurzolo handles the case. The Debtor is represented by Eric D. Goldberg, Esq. of DLA Piper LLP. BREWSTER HEIGHTS: Creditors Object to $231.3MM Stalking Horse Bid ----------------------------------------------------------------- Don Jenkins of Capital Press reports that a group of creditors has objected to Legendary Fruit Company's proposed $231.3 million stalking horse bid for Brewster Heights Packing & Orchards, arguing the offer would unfairly limit competition for the bankrupt fruit grower's assets. The proposal calls for Legendary, operating as Heritage Orchards, to pay $75 million in cash while assuming roughly $156 million in debt. Brewster is seeking court approval to designate the offer as the benchmark bid for an upcoming auction. The creditors argue that the proposed transaction fails to adequately protect creditors because most unsecured claimholders would receive no cash when the sale closes. They also contend the agreement does not clearly identify which liabilities Legendary intends to assume, making it difficult to determine the true value of the proposal. BMO Bank said the bid protections, including a 2% breakup fee, could discourage competing offers by increasing acquisition costs for rival bidders. The lender argued that a higher all-cash offer could provide greater recoveries but would be disadvantaged under the proposed bidding rules. Wilbur-Ellis also questioned whether the bankruptcy sale maximizes value given Brewster's previously disclosed asset base. Brewster defended the proposed transaction, saying investment banker Capstone Capital Markets conducted an extensive search for buyers before selecting Legendary's proposal. Capstone acknowledged the offer differs from a traditional stalking horse agreement but concluded it remains the strongest bid received and offers the best opportunity to launch a competitive auction. Judge Frederick Corbit is expected to consider the objections on August 4, 2026, the report states. About Brewster Heights Packing & Orchards, LP Brewster Heights Packing & Orchards, LP and its affiliated debtors and debtors-in-possession sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Washington Case No. 26-01136) on June 4, 2026. At the time of the filing, the Debtors had estimated assets of between $100,000,001 to $500 million and liabilities of between $100,000,001 to $500 million. Judge Frederick P. Corbit oversees the case. The Debtor is represented by Thomas A. Buford, Esq., Jason E. Wax, Esq., Shane E. Creason, Esq., and Christine M. Tobin, Esq. of Bush Kornfeld LLP. BURKE VENTURES: Gets Final OK to Use Cash Collateral ---------------------------------------------------- Burke Ventures, LLC received final approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to use cash collateral to fund its operations. The court authorized the Debtor to utilize its cash collateral based on the court-approved budget, which projects total operational expenses of $15,624.27 for August and $15,645.65 for September. Live Oak holds a blanket security interest in substantially all of the Debtor's assets under a 2021 loan agreement, with an original principal balance of $625,000. Its lien, perfected by a financing statement filed with the Wisconsin Department of Financial Institutions, encumbers accounts receivable, contract rights, proceeds, and substantially all business assets, rendering the Debtor's existing cash and post-petition revenues cash collateral under the Bankruptcy Code. As adequate protection, Live Oak Banking Company was awarded monthly payments of $2,664.80, payable on or before the 15th day of each month, along with a post-petition replacement lien having the same priority and extent as its pre-petition lien. The replacement lien does not prejudice the rights of the Debtor or other parties to challenge the value, amount, priority, or secured status of Live Oak's claim. The Debtor must continue providing monthly receipts and disbursement reports in accordance with Chapter 11 reporting requirements and maintain appropriate property and liability insurance covering its assets. These obligations serve as additional adequate protection while the Debtor continues to use cash collateral under the Final Order. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/UncTp from PacerMonitor.com. About Burke Ventures LLC Burke Ventures LLC is a Madison, Wisconsin-based portable storage container rental and self-storage services provider. The company offers portable storage and moving solutions throughout Madison, Milwaukee, Appleton, and Oshkosh. Burke Ventures sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Case No. not disclosed) on June 24, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. The Debtor is represented by John W. Menn, Esq. of Swanson Sweet LLP. C.S. HOLDINGS: Hires Ford & Semach PA as Bankruptcy Counsel ----------------------------------------------------------- C.S. Holdings of Tampa, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Ford & Semach, PA as counsel. The firm's services include: a. analyzing the Debtor's financial situation, and rendering advice and assistance to the Debtor in determining whether to file a petition under Title 11, United States Code; b. advising the Debtor with regard to the powers and duties of the debtor and as Debtor-in-Possession in the continued operation of the business and management of the property of the estate; c. preparing and filing of the petition, schedules of assets and liabilities, statement of affairs, and other documents required by the Court; d. representing the Debtor at the Sec. 341 Creditors' meeting; e. providing legal advice to the Debtor with respect to its powers and duties as Debtor and as Debtor-in Possession in the continued operation of its business and management of its property; if appropriate; f. advising the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; g. preparing necessary motions, pleadings, applications, answers, orders, complaints, and other legal papers and appear at hearings thereon; h. protecting the interests of the Debtor in all matters pending before the court; i. representing the Debtor in negotiation with its creditors in the preparation of the Chapter 11 Plan; and j. all other legal services for Debtor as Debtor-in-Possession which may be necessary. The firm's counsel and paralegal will be paid at these hourly rates: Buddy Ford, Attorney $550 Jonathan Semach, Attorney $500 Other Staff Attorney $350 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of the case, the Debtor paid $18,000 as retainer. Mr. Ford 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: Buddy D. Ford, Esq. Ford & Semach, PA 9301 West Hillsborough Avenue Tampa, FL 33615 Telephone: (813) 877-4669 Email: Buddy@tampaesq.com About C.S. Holdings of Tampa C.S. Holdings of Tampa LLC is a Tampa, Florida-based fast-food restaurant company operating two Checkers Drive-In franchise restaurants. The business specializes in quick-service dining and serves customers through the nationally recognized Checkers brand. The company is independently owned and focuses on restaurant operations, customer service and food preparation within the Tampa metropolitan area. C.S. Holdings of Tampa sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case #26-06093) on July 14, 2026. In its petition, the Debtor reported more than $1.8 million in liabilities and over $569,000 in assets. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Buddy D. Ford, Esq. of Ford & Semach, P.A. CAB PROPERTIES: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ CAB Properties, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of Tennessee to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral through August 18. To prevent immediate and irreparable harm to its operations, the Debtor needs to use its cash collateral to cover necessary business expenses as detailed in its budget. Prior to its Chapter 11 filing, the Debtor purportedly granted liens on substantially all of its assets including accounts, inventory, equipment, and proceeds to creditors Barnett REI Finance, Lima One Capital, and Silver Hill Capital. As adequate protection to the affected secured creditors, the Debtor agrees to maintaining and operating estate assets while keeping all existing pre-petition liens fully intact and unimpaired, asserting that this usage will preserve estate value rather than diminish it. Furthermore, the Debtor commits to strict post-petition compliance standards, including depositing all employment taxes on payroll dates, providing proof of tax deposits to the U.S. Trustee's Office, timely filing and paying post-petition tax returns, and regularly serving monthly operating reports pursuant to Federal and Local Bankruptcy Rules. Failure to comply with these interim order conditions empowers the U.S. Trustee to file a Certificate of Non-Compliance, which may lead to dismissal or conversion of the Chapter 11 case. A court hearing will be held on August 18. About CAB Properties LLC CAB Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 2:26-bk-50941-RRM) on July 23, 2026. In the petition signed by George Gwinn, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Rachel Ralston Mancl oversees the case. Kelli D. Holmes represents the Debtor as legal counsel. CANDICE SKINNER: Joseph Richard Moore Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Joseph Richard Moore as Subchapter V trustee for Candice Skinner Real Estate, LLC. Mr. Moore will be paid an hourly fee of $350 for his services as Subchapter V trustee and an hourly fee of $110 for his legal assistant. In addition, Mr. Moore will receive reimbursement for work-related expenses incurred. Mr. Moore declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joseph Richard Moore 200 Washington Street Monroe, LA 71201 (318) 322-6232 Email: subv@eorumyoung.com About Candice Skinner Real Estate LLC Candice Skinner Real Estate, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-80505) on July 21, 2026, with $1 million to $10 million in both assets and liabilities. Judge Stephen D. Wheelis presides over the case. Conner L. Dillon, Esq., at Gold, Weems, Bruser, Sues & Rundell represents the Debtor as legal counsel. CAROLINA CLEANING: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Carolina Cleaning Services, LLC received sixth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. Under the sixth interim order, the Debtor is authorized to use cash collateral solely for post-petition operating expenses as outlined in its budget. In addition, the amount budgeted for the Subchapter V trustee's anticipated administrative expense must be remitted to the Debtor's counsel to be held in trust until further court order. The Debtor projects total operational expenses of $83,367 for the period from July 23 to August 21. Silverline Services, Inc. and other merchant cash advance lenders will retain a continuing and replacement post-petition lien on and security interest in all assets and the proceeds thereof, whether acquired before or after the Debtor's Chapter 11 filing. The order does not determine the validity, extent, priority, or perfection of any lien or the characterization of any property as cash collateral. The Debtor reserves all rights to challenge such matters. The order is available at https://shorturl.at/DE0Yo from PacerMonitor.com. A further hearing is scheduled for August 19. About Carolina Cleaning Services LLC Carolina Cleaning Services LLC provides residential and commercial cleaning 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. 26-00777 on February 20, 2026. In the petition signed by Aneliese Bard Andrades, chief executive officer, the Debtor disclosed up to $100,000 in assets and up to $500,000 in liabilities. Judge Joseph N. Callaway oversees the case. Richard P. Cook, Esq., at Richard P. Cook. PLLC, represents the Debtor as legal counsel. CHANGE AGENTS: Secures $825K Loan, Enters Forbearance Agreement --------------------------------------------------------------- Change Agents Corporation said in a regulatory filing with the Securities and Exchange Commission that, on July 24, 2026, it entered into a Business Loan and Security Agreement with Agile Lending, LLC (the "Lender"), with Agile Capital Funding, LLC acting as collateral agent. Under the agreement, the Company obtained a loan with a principal amount of $825,000, with net proceeds of $254,350 after payment of a $41,500 administration fee and repayment in full of the Company's prior loan from the Lender in the amount of $529,400. The total repayment amount is $1,188,000, including $363,000 in interest charges, assuming all payments are made on time and the Business Loan is not prepaid. The loan is repayable in 30 weekly installments of $37,125 beginning July 29, 2026, with a maturity date of March 3, 2027. Pursuant to the Business Loan Agreement, the Company granted the Lender a continuing security interest in certain collateral (as defined in the Business Loan Agreement). In connection with the Business Loan, the Company issued Lender a Confessed Judgement Secured Promissory Note dated July 24, 2026 in the amount 825,000 with a maturity date of March 3, 2027. The Company's wholly-owned subsidiaries, Avalon Healthcare System Inc., Avalon Laboratory Services, Inc., and Avalon Quantum AI LLC guaranteed the Business Loan and the Secured Note. The restrictive covenants include customary restrictions on the Company's ability to incur additional debt; make investments; grant or incur liens on assets; sell assets; engage in mergers, consolidations, liquidations or dissolutions; engage in transactions with affiliates; and make dividend payments. In addition, the Loan Agreement contains customary representations and warranties, affirmative covenants and events of default. Full-text copies of the Business Loan Agreement and Secured Note are available at https://tinyurl.com/yj4dh9xn and https://tinyurl.com/438nm9zd, respectively. Forbearance Letter Agreement On July 24, 2026, the Company entered into a Forbearance Letter Agreement with Lender under which the Lender agreed to forbear the payment due under the March 2026 Loan, including any enforcement of rights thereunder relating to default, pending closing of the Business Loan. In consideration of the forbearance, the Company agreed to issue Lender 360,000 shares of its common stock, par value $0.0001 per share and granted Lender "piggyback" registration rights with respect to the Commitment Shares. A full-text of the Forbearance Letter Agreement is available at https://tinyurl.com/5nt45drp About Change Agents Corp. Change Agents Corporation (formerly Avalon GloboCare Corp.) (Nasdaq: CHGA) is an artificial intelligence software company focused on developing agentic AI applications designed to help small businesses, brands, and content creators increase revenue, improve digital discoverability, and automate content creation. The Company's current portfolio includes Beacon, an AI Search Optimization platform, and Catch-Up, an autonomous AI-powered content creation platform. Through its scalable Software-as-a-Service (SaaS) business model, Change Agents is focused on delivering innovative AI solutions that create measurable customer value while generating recurring subscription revenue and long-term shareholder returns. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $16.24 million in total assets, $4.52 million in total liabilities, and $11.72 million in total stockholders' equity. COMFORT ALL-STARS: Gets Extension to Use Cash Collateral -------------------------------------------------------- Comfort All-Stars, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral. Under the court order, the Debtor is authorized to use the cash collateral of the U.S. Small Business Administration and other secured creditors to pay court-approved expenses and necessary operational costs listed in the approved budget. This authorization will continue until further order of the court. The Debtor may exceed individual budget line items by up to 10%, and any additional spending must be approved in writing by the secured creditors. The Debtor is prohibited from paying compensation to insiders or professionals without court approval as well as expenses related to the "Contributions" line item in the budget. The Debtor is required to pay $1,000 per month to the Subchapter V trustee. As protection, the court granted the secured creditors replacement liens on post-petition cash collateral with the same priority and validity as their pre-petition liens. The Debtor must also maintain proper insurance coverage on its property according to loan agreements. The court scheduled a continued hearing on September 9. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/muxj38cj from PacerMonitor.com. About Comfort All-Stars Inc. Comfort All-Stars Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09642) on December 22, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Caryl E. Delano presides over the case. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. Kathleen DiSanto, Esq., at Bush Ross, P.A., serves as Subchapter V trustee for the Debtor. COMJOT LLC: Frederick Bunol Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 5 appointed Frederick Bunol as Subchapter V trustee for ComJoT, LLC. Mr. Bunol 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. Bunol declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Frederick L. Bunol 3027 Ridgelake Drive Metairie, LA 70002 Email: Fbunol@derbeslaw.com Telephone: (504) 207-0913 Facsimile: (504) 832-0327 About ComJoT LLC ComJoT, LLC is a New Orleans, Louisiana-based electronic and communication equipment merchant wholesaler specializing in amateur radio products. Operating as a home-based business since February 2024, ComJoT markets products including the CJ-1 Dual Band Android DMR Open Source Amateur Radio. As of 2026, the business holds a C- rating with the Better Business Bureau following a limited number of customer complaints. ComJoT sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-11769) on July 20, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $500,000 to $1 million. Honorable Meredith S. Grabill oversees the case. The Debtor is represented by Ryan James Richmond, Esq., at Sternberg, Naccari & White, LLC. CONOLLY PRINTING: Francis Brennan Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 2 appointed Francis Brennan, Esq., at Whiteman Osterman & Hanna, LLP as Subchapter V trustee for Conolly Printing & Media Group, Inc. Mr. Brennan will be paid an hourly fee of $525 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Brennan declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Francis Brennan, Esq. Whiteman Osterman & Hanna LLP 80 State Street, 11th Floor Albany, NY 12207 Phone: (518) 487-7600 Email: fbrennan@woh.com About Conolly Printing & Media Group Inc. Conolly Printing & Media Group, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-20568) on July 22, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Carl L. Bucki presides over the case. Michael Simon Baker, Esq. at Michael S. Baker, P.C. represents the Debtor as legal counsel. CONVERGINT TECHNOLOGIES: S&P Upgrades ICR to 'B', Outlook Stable ---------------------------------------------------------------- S&P Global Ratings raised its ratings on Convergint Technologies Group Holdings LLC, including the issuer credit rating, to 'B' from 'B-' and affirmed our '3' recovery rating on its first-lien credit facilities following its repricing and second-lien refinancing plans. The stable outlook reflects S&P's expectation that Convergint will sustain good operating momentum and cash flow generation as it benefits from growing demand for its products and services and pursues a consistent merger and acquisition (M&A) strategy. Convergint is making good progress improving its credit metrics, supported by strong operating performance in recent quarters. S&P Global Ratings expects this trend will continue based on robust demand, profit enhancement initiatives, and benefits from Convergint's acquisitive growth strategy. Convergint plans to issue an incremental $325 million first-lien term loan, using proceeds to repay its existing $280 million second-lien debt and for general corporate purposes, including future acquisitions. S&P views the transaction as largely credit neutral, as it primarily refinances existing debt without materially changing the leverage profile. Strong top-line growth and margin expansion will drive continued deleveraging. Robust performance has led to a material reduction in leverage. Last-12-months (LTM) S&P Global Ratings-adjusted leverage declined to 6.9x as of June 2026 from 8.2x in June 2025, fueled by a 13.1% increase in LTM revenue, strong backlog, and inorganic contributions from acquisitions. S&P Global Ratings-adjusted EBITDA margins expanded approximately 130 basis points to 12.6% as of the latest period, stemming from pricing optimization, procurement efficiencies, and a shift toward a higher-margin revenue mix. S&P anticipates that continued revenue growth and margin expansion will further bolster free operating cash flow (FOCF) generation and support ongoing deleveraging. Industry tailwinds and strategic acquisitions support Convergint's growth trajectory. S&P views the security technology industry (which represents about 80% of Convergint's revenue) as having attractive growth opportunities because of heightened security and safety concerns, larger product replacement cycles, and a growing need to integrate systems with IT infrastructure. Convergint estimates the security market at around $45 billion and has adopted an organic growth and M&A strategy to enhance its position in the highly fragmented industry. Its M&A strategy has significantly broadened its geographic presence to service new and existing larger customers and add service capabilities, such as high-end integration services. Acquisitions have been mostly modest in size, leading to rapid integration and allowing the company to focus on its top-line growth initiatives, including global accounts and expansion into vertical markets. Largely as a result of M&A, Convergint has over 200 locations worldwide, although most of its revenue is generated in the U.S. S&P sees Convergint benefiting from the increasing adoption of AI within the security technology sector, as budgets shift from traditional labor to physical AI deployments. The company is exposed to key end markets--critical infrastructure, financial institutions, data centers, healthcare, and the public sector--in which AI adoption is accelerating. Deployments increasingly incorporate newer sensor types, expanding project scope and enabling richer security data. Convergint's agnostic approach, global sourcing, and vertical market design expertise position it to benefit from these trends, allowing it to navigate system complexity and meet licensing requirements while enhancing its market positioning. Industry demand for platform aggregation across systems, an emerging shift toward mobile identity credentials, a transition from run-to-fail to proactive life cycle management, and aging security technology infrastructure should all boost demand for complex work, supporting further recurring revenue growth. Convergint's business model provides insulation against industry downshifts. The company operates on a cost-plus model, which provides some insulation to swings in product or service costs. S&P's view this as a key differentiating factor because of low entry barriers to the industry and competition from large well-established players. Convergint's focus on providing high-quality service has secured high levels of repeat business, which accounted for a large portion of revenue for its service business. Convergint is agnostic to hardware and software manufacturers and has deep relationships with large original equipment manufacturers and distribution vendors. S&P believes this relationship should enable it to leverage innovation and newer technology to provide quality services, although product availability is a potential risk to the timeliness of service delivery. Financial policy and disciplined M&A execution remain key credit considerations. S&P believes Convergint will execute on its integration playbook to drive accretive growth. The company completed several strategic acquisitions in the past year to expand its geographic footprint and expertise. While it has a history of using debt and cash flows to fund opportunistic transactions, its current trajectory suggests a focus on maintaining leverage at reduced levels through strong organic and inorganic momentum. Governance is also a consideration due to its private-equity sponsorship, as corporate decision-making may prioritize the interests of controlling owners and maximizing shareholder returns. While Convergint's business momentum is strong, our expectation for further deleveraging is contingent upon a longer track record of maintaining leverage at these reduced levels. The stable outlook reflects S&P's expectation that Convergint will prudently pursue its acquisition strategy and organically grow its business while maintaining favorable operating momentum. S&P could lower its rating if leverage increases above 7.5x or FOCF to debt drops to the low-single-digit percent area. This could occur if the company: -- Adopts an aggressive acquisition strategy such that debt increases without being offset by EBITDA contributions; -- Pursues large debt-financed dividends; -- Faces increasing competition, project delays, integration challenges, or deteriorating service quality that cause EBITDA margins to decline to around 11%; or -- Encounters working capital challenges that strain cash flow. S&P could raise its rating on Convergint if it reduces leverage below 5x and sustains FOCF to debt in the high-single-digit percent area while maintaining solid operating momentum. This could result from factors including: -- The company successfully executes its growth initiatives such that profitability and cash flow generation improve on a sustained basis; and -- S&P sees a track record of improved financial risk that leads it to believe its financial sponsors are committed to maintaining credit metrics at these improved levels. CROSBY MARINE: Luhr Bros. Wins Partial Summary Judgment Bid ----------------------------------------------------------- Judge Meredith S. Grabill of the U.S. Bankruptcy Court for the Eastern District of Louisiana granted the motion for partial summary judgment of Luhr Bros. in the bankruptcy case of Crosby Marine Transportation, LLC and its affiliated debtors. The Debtors' motion for partial summary judgment is denied. Luhr Crosby, LLC's Operating Agreement Luhr Crosby, LLC is a manager-managed limited liability company organized under the laws of the State of Delaware and governed by the Amended and Restated Limited Liability Company Agreement of Luhr Crosby, LLC (the "Operating Agreement"). Debtor Bertucci Contracting Company, L.L.C. ("Bertucci") holds a 49.99% interest in Luhr Crosby, and Luhr Bros. holds the remaining 50.01% interest. Pursuant to section 10.07 of the Operating Agreement, Luhr Bros. possesses a right of first refusal ("ROFR") in the event that Bertucci proposes to transfer any or all of its membership units. Bid-Procedures Order On June 30, 2026, the Debtors filed the Debtors' Expedited Motion for Entry of (A) an Order (I) Approving Stalking Horse Bidding Procedures for the Sale of the Debtors' Assets, (II) Approving Bid Protections, (III) Scheduling Certain Dates with Respect Thereto, (IV) Approving the Form and Manner of Notice Thereof, and (V) Approving Contract Assumption and Assignment Procedures, and (B) an Order Authorizing the Debtors To Enter into Definitive Purchase Agreements (the "Bid-Procedures Motion"). Through the Bid-Procedures Motion, the Debtors sought entry of an order approving, among other things, bidding procedures governing the solicitation of offers for the sale of the Debtors' assets, including Bertucci's 49.99% membership interest in Luhr Crosby (the "Bertucci Interest"). The Bid-Procedures Order approved the Debtors' request to offer bid protections to one or more stalking-horse bidders, comprised of a break-up fee and reimbursement of reasonable and documented fees and expenses (the "Bid Protections") to induce a stalking-horse bidder to pursue the sale of particular assets of the Debtors -- the Bertucci Interest. Only "Potential Bidders" may participate in the bidding process. To be considered a Potential Bidder, a person or entity must have submitted the "Preliminary Bid Documents" listed in Sec. III of the bid procedures attached to the Bid-Procedures Order on or before June 22, 2026, or be designated as a stalking-horse bidder or recognized as a "Pre-Petition Lender" (who maintain their credit-bidding rights under Sec. 363(k)). A "Qualified Bidder" is a Potential Bidder who submits the "Bid Requirements" identified in Sec. VI of the bid procedures attached to the Bid-Procedures Order on or before August 7, 2026, and is designated as a Qualified Bidder by the Debtors and their consultation parties. The Operating Agreement fails to meet the definition of an executory contract under the Countryman test. The Court finds that the members of Luhr Crosby have neither current or future material obligations nor any role in the management of the LLC. Because the Operating Agreement is not an executory contract, it cannot be assumed and assigned under Sec. 365(f) of the Bankruptcy Code. Thus, Sec. 365(f) cannot serve as the "federal interest" that is sufficient to render the Operating Agreement's ROFR unenforceable. When Bertucci entered into the Operating Agreement, it accepted that any sale of its interests at any time would be subject to Luhr Crosby's ROFR. As debtors-in-possession, the Debtors took Bertucci's property rights as it found them on the petition date. The Bertucci Interest became property of the estate under Sec. 541(a)(1) subject to the ROFR. The Debtors assert that Luhr Bros. cannot wield the ROFR as a free pass to a qualified-bidder designation without complying with the terms of the Bid-Procedures Order. The Court agrees. Judge Grabill explains, "To participate in the bidding process, a person or entity must comply with the terms of the Bid-Procedures Order and its incorporated exhibits. If Luhr Bros. did not have the ROFR, it would need to participate in the bidding process to have the opportunity to purchase the Bertucci Interest. As it stands, it does not need to participate." The purpose of the Court-approved auction and sale process is to allow the Debtors to realize fair market value for the Bertucci Interest and other assets. To entice potential purchasers to make bids, the Debtors have chosen to provide Bid Protections to any designated stalking-horse bidders. The Debtors are responsible for paying those incentives. The price that must be paid by any party exercising a ROFR should neither be increased nor decreased by the Bid Protections. In the exercise of their fiduciary duties, the Debtors (with consultation parties) will determine which bids represent the highest and best offers for assets, including the Bertucci Interest. Only after the highest and best offer is determined will the Parties' respective rights and obligations under the ROFR come into play. The Debtors' identification of the Successful Bid for the Bertucci Interest (with or without an Auction) triggers Luhr Bros.' ROFR. The Court amends the Bid-Procedures Order slightly to ensure a level playing field. Any designated stalking horse for the Bertucci Interest will not serve as an initial bidder, but will provide a guaranteed back-stop amount (whether cash or credit-bid) for the asset if no one bids on the asset. In exchange for that commitment, the designated stalking horse will be paid a "backstop fee" in the amount of the Bid Protections. This modest change may force a slightly higher commitment, but is designed to provide the same fair-market-value net recovery to the estates regardless of the ROFR exercise. A copy of the Court's Memorandum Opinion and Order dated July 28, 2026, is available at https://urlcurt.com/u?l=Zbd7x0 from Pacermonitor.com. About Crosby Marine Transportation Crosby Marine Transportation, LLC, through its affiliates, provides marine transportation, dredging and marine construction services along the Gulf Coast, operating a fleet of about 200 vessels and marine equipment, including tugs, barges and dredging assets, from Golden Meadow and Houma, Louisiana. Founded in 1977 by Vinton and Kurt Crosby, the company serves commercial, government and energy customers, employs about 850 full-time workers and holds a 49.9% interest in Luhr Crosby, which provides rock and marine construction services. Crosby Marine Transportation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10678) on Mar. 23, 2026. In the petitions signed by Lawrence Perkins, chief restructuring officer, Crosby Marine disclosed up to $500 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. The Debtors tapped Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel; Aymond James & Associates, Inc. as investment banker; and Stretto, Inc. as claims, noticing, and solicitation agent. CROWN HOLDINGS: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable ----------------------------------------------------------------- Moody's Ratings affirmed Crown Holdings, Inc.'s (Crown) Ba1 corporate family rating and Ba1-PD probability of default rating. Moody's also affirmed the ratings for the senior unsecured notes and senior secured bank credit facilities issued by Crown's subsidiaries. Crown's speculative grade liquidity (SGL) rating remains unchanged at SGL-2. The rating outlook remains stable. The affirmation of Crown's Ba1 CFR with a stable outlook reflect Crown's established market position in the consolidated can industry and its ability to generate positive free cash flow, which provides financial flexibility to reduce absolute debt. Moody's expects the company to balance shareholder returns and the strength of the balance sheet to stay within the confines of its Ba1 rating. RATINGS RATIONALE The Ba1 CFR reflects Crown's established global market position in the consolidated can industry. The company serves fairly stable alcoholic/nonalcoholic beverage and food end markets. In addition, the company's transit packaging business includes a large base of installed equipment with its customers, resulting in recurring sales. Moody's expects the company's credit metrics to remain stable with debt/EBITDA around 4x and positive free cash flow of $250 million in 2026 and around $710 million in 2027, assuming minimal working capital impact in 2027. The Ba1 CFR also reflects Crown's high customer and product concentration, in addition to, its exposure to cyclical end markets in the transit packaging segment, which is very fragmented with many private competitors. Moody's expects the company to take a disciplined approach to its shareholder rewards, in the form of dividends and share repurchases, without compromising credit quality. Furthermore, Crown has a secured capital structure, which is a constraint to upward rating movement into investment grade. The SGL-2 speculative grade liquidity rating reflects Crown's projected positive free cash flow, minimal borrowings under its revolving credit facility, and a good covenant buffer. As of March 31, 2026, Crown has good liquidity with $584 million in cash $1.4 billion available on a $1.7 billion secured revolving credit facility (including multi-currency and US$ revolvers) expiring in March 2031. The company also has a total of $1.2 billion of securitization facilities, including one with a program limit of up to a maximum of $800 million expiring in July 2027, and two other securitization facilities with program limits of $230 million and $180 million expiring in November 2027. As of March 2026, there was $1.4 billion of securitization and factoring outstanding. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade Crown's rating if Crown sustainably improves its credit metrics within the context of a stable competitive environment and maintains good liquidity. An upgrade would also require a more streamlined debt capital structure and the flexibility of an unsecured capital structure. Specifically, the rating could be upgraded if adjusted debt-to-EBITDA is below 3.25x, EBITDA-to-interest expense coverage is greater than 6.5x, and retained cash flow-to-net debt is above 20%. Moody's could downgrade Crown's rating if the company's credit metrics, liquidity or the competitive environment deteriorate. Specifically, the rating could be downgraded if adjusted debt-to-EBITDA is above 4.25x, EBITDA-to-interest expense coverage is below 5.5x, retained cash flow-to-net debt falls below 15%. LIST OF AFFECTED RATINGS Issuer: Crown Holdings, Inc. Affirmations: Corporate Family Rating, Affirmed Ba1 Probability of Default Rating, Affirmed Ba1-PD Outlook Actions: Outlook, Remains Stable Issuer: Crown Cork & Seal Company, Inc. Affirmations: Backed Senior Unsecured Regular Bond/Debenture, Affirmed Ba3 Outlook Actions: Outlook, Remains Stable Issuer: Crown Americas LLC Affirmations: Backed Senior Secured Bank Credit Facility, Affirmed Baa3 Backed Senior Unsecured Regular Bond/Debenture, Affirmed Ba2 Senior Unsecured Regular Bond/Debenture, Affirmed Ba2 Outlook Actions: Outlook, Remains Stable Issuer: Crown European Holdings S.A. Affirmations: Backed Senior Secured Bank Credit Facility, Affirmed Baa3 Backed Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 Outlook Actions: Outlook, Remains Stable Issuer: Crown Metal Packaging Canada LP Affirmations: Backed Senior Secured Bank Credit Facility, Affirmed Baa3 Outlook Actions: Outlook, Remains Stable The principal methodology used in these ratings was Packaging Manufacturers: Metal, Glass and Plastic Containers published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Headquartered in Tampa, Florida, Crown Holdings, Inc. (NYSE: CCK), is a global manufacturer of steel and aluminum containers for food, beverage, and consumer products. Crown also manufactures protective packaging products and solutions. For the twelve months ending March 2026, the company generated about $12.7 billion in revenue. CUMULUS MEDIA: Court Extends Deadline to File Chapter 11 Plan ------------------------------------------------------------- Nick Langan of RadioWorld reports that Cumulus Media has secured a court-approved extension of its exclusive Chapter 11 filing period while it continues to wait for the Federal Communications Commission to approve its bankruptcy reorganization. The ruling allows the company to remain the only party authorized to propose a restructuring plan during the extended exclusivity period. The U.S. Bankruptcy Court for the Southern District of Texas granted the broadcaster until Oct. 30, 2026, to file its Chapter 11 plan and until Dec. 29, 2026, to solicit creditor acceptances. Cumulus told the court that although its restructuring has advanced steadily, its exit from bankruptcy depends on FCC approval of the transfer of its broadcast licenses, the report relays. The company said it has diligently pursued the regulatory process by submitting the necessary long-form applications but noted that the timing of the commission's decision is outside its control. Once approval is obtained, Cumulus expects to satisfy the remaining requirements and complete its emergence from Chapter 11. Cumulus entered bankruptcy under a prepackaged restructuring designed to reduce its debt by roughly $600 million. The company has said the transaction will significantly improve its financial position by eliminating nearly all of its outstanding debt obligations, according to report. About Cumulus Media Inc. Cumulus Media is an audio-first media company delivering premium content to a quarter billion people every month -- wherever and whenever they want it. Cumulus Media engages listeners with high quality local programming through 394 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliated stations through Westwood One, a leading national audio network; and inspires listeners through the Cumulus Podcast Network, an established and influential platform for original podcasts that are smart, entertaining, and thought provoking. Cumulus Media provides advertisers with personal connections, local impact, and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry leading research and insights, and live event experiences. Cumulus Media Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90346) on March 5, 2026. In the petition signed by Richard Denning, Executive Vice President, Secretary & General Counsel, the Debtor disclosed up to $10 billion in both assets and liabilities. As of Sept. 30, 2025, the Company had $1,078,217,000 in total assets, $1,135,135,000 in total liabilities. Judge Alfredo R. Perez oversees the case. Lawyers at Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as counsel. Porter Hedges LLP, represents the Debtor as local counsel. The Debtors hired as Alvarez & Marsal North America, LLC as restructuring advisor; Moelis & Company as financial advisor; and Kurtzman Carson Consultants, LLC d/b/a Verita Global as claims, noticing, solicitation & certification agent. DIOCESE OF BURLINGTON: Committee Can Prosecute Causes of Action --------------------------------------------------------------- Judge Heather Z. Cooper of the U.S. Bankruptcy Court for the District of Vermont Roman Catholic Diocese of Burlington, Vermont, granted the motion of the Official Committee of Unsecured Creditors for an order granting leave, standing, and authority to prosecute certain causes of action on behalf of The Roman Catholic Diocese of Burlington, Vermont, and its estate. The Roman Catholic Diocese of Burlington, Vermont (Debtor), which currently has the sole standing to pursue estate claims and causes of action, opposes the Standing Motion on various grounds. The Standing Motion requests the Court grant the Committee standing under Sections 105(a), 1103(c) and 1109(b) of the Bankruptcy Code to commence and prosecute claims and causes of action against the Diocese, various Parishes, schools and other Catholic-related entities within the Debtor's Region (i.e., Vermont). The proposed adversary also includes the Bishop in his capacity as trustee of various Parish Trusts. The Committee refers to the various Parishes, schools and other Catholic-related social and community service organizations and the Parish Trusts as "Operating Divisions." Attached as an exhibit to the Standing Motion is a draft complaint (the Draft Complaint) that comprises the causes of action the Committee intends to pursue. The Draft Complaint asserts the following causes of action: (1) declaratory relief that the Operating Divisions are not separate legal entities and are operating divisions of Debtor; (2) declaratory relief that all assets of the Operating Divisions constitute property of the estate; (3) declaratory relief that the Parish Trusts are self-settled trusts subject to the claims of Debtor's creditors; (4) avoidance and recovery of intentional fraudulent transfers into the Parish Trusts; (5) avoidance and recovery of constructively fraudulent transfers into the Parish Trusts; and (6) turnover of assets currently in the name of the Parish Trusts. The Committee asserts that the value of the estate claims in question reaches into hundreds of millions of dollars. For purposes of the Standing Motion, the Court finds the claims have sufficient merit to be brought. Debtor opposes the Standing Motion arguing the Committee has not met the requirements in this jurisdiction for standing. The Committee's claims potentially constitute the estate's largest assets. According to the Court, although there may be weaknesses in the claims, some of which could prove fatal, they are colorable. If any of the affirmative defenses have merit, the Committee's claims will fail. Regardless, there will be cost to the estate for pursuing the Committee's claims. Debtor argues that estate assets should not be used for the Committee to pursue its claims, because Debtor will have to pay for the Committee to bring suit and to defend itself as a defendant. Debtor had the opportunity to mitigate this effect by pursuing the claims itself. Debtor further argues the litigation would require substantial discovery against over 64 defendants and will require considerable legal briefing by the parties on issues of state and federal law. According to Judge Cooper, "Regardless of its outcome, the proposed litigation will be expensive and time consuming. Unless settled, there may be years of litigation ahead and millions of dollars spent in attorneys' fees and costs that could have been paid valid abuse claims. More clarity about the rights of the parties and what constitutes estate property could help the ongoing efforts to reach a global settlement in this case. For that reason, some litigation is necessary. Its cost may eventually outweigh the benefit if no settlement is reached and as one Court has recognized, 'Debtor, the parishes and the abuse victims will be the poorer for it.'" The Court grants the Standing Motion and overrules the objection. A copy of the Court's Memorandum of Decision dated July 28, 2026, is available at https://urlcurt.com/u?l=e7fcuR from Pacermonitor.com. About Roman Catholic Diocese of Burlington The Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, P.A. as bankruptcy counsel and Obuchowski Law Office as local counsel. DISH DBS: Advances Deleveraging with Full Repayment of $2B Notes ---------------------------------------------------------------- Echostar Corporation said in a regulatory filing with the Securities and Exchange Commission that, on July 28, 2026, DISH DBS Corporation further advanced its deleveraging objectives by consummating the full repayment and satisfaction of all outstanding obligations under its 7.75% Senior Notes due July 1, 2026. The total payment made on July 28, 2026, was comprised of $2 billion in aggregate principal amount along with accrued and unpaid interest through the date of repayment. The repayment in full of the Notes and the discharge of the related Indenture obligations were authorized by the United States Bankruptcy Court for the Southern District of Texas, which is presiding over DISH DBS' pending restructuring proceedings. About DISH DBS Corporation DISH DBS Corporation is a holding company and an indirect, wholly-owned subsidiary of DISH Network Corporation. It offers pay-TV services under the "DISH" brand and the "SLING" brand. It also design, develop and distribute receiver systems and provide digital broadcast operations, including satellite uplinking/downlinking, transmission and other services to third-party pay-TV providers. DISH DBS Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90627 (CML)) on June 30, 2026. Judge Christopher M. Lopez presides over the case. White & Case represents the Debtors as legal counsel. Epiq Corporate Restructuring, LLC serves as the Debtors' noticing and solicitation agent. FTI Consulting, Inc. and FTI Capital Advisors, LLC, serve as the Debtors' restructuring and financial advisor and investment banker. Dentons US LLP has been tapped as counsel to the special committee of independent managers of DISH Wireless L.L.C. An official committee of unsecured creditors has been appointed in the case. DOC'S DIVINE: Seeks Cash Collateral Access ------------------------------------------ Doc's Divine Properties, LLC asks the U.S. Bankruptcy Court for the Northern District of Alabama, Northern Division, for authority to use cash collateral. The Debtor needs immediate access to cash collateral for up to 30 days pending a final hearing or it will be forced to shut down. Under the proposed terms, all income will be deposited into a debtor-in-possession account and used in accordance with a monthly cash-basis budget projecting a $970 monthly surplus over operating expenses. ServisFirst Bank holds a first-priority security interest over all other creditors. Its senior position stems from a 2015 mortgage and assignment of rents on the Debtor's property in Sheffield, Alabama, with a remaining balance of approximately $20,000; and a March 2020 loan of $1,466,250 secured by a mortgage, assignment of rents, and security agreements on the property located in Madison, Alabama. The bank further solidified its interest in all tangible and intangible personal property, rents, leases, and accounts receivable through UCC-1 financing statements filed in 2020 and 2022. Other creditors with subordinate claims include the Alabama Department of Revenue, which filed tax liens in December 2025, and Enterprise Bank & Trust, which holds an unrecorded assignment of rents linked to an August 2024 mortgage of $2 million on the Madison property. As adequate protection for ServisFirst and other creditors, the Debtor offers replacement liens on all future rents, leases, and accounts receivable, which will be automatically deemed perfected as of the petition date without requiring further filings. The Debtor also requests authorization to pay court-approved fees for retained professionals subject to a carveout, and notes that cash collateral rights will terminate automatically upon conversion or dismissal of its Chapter 11 case, unauthorized payments, or false representations. A court hearing is scheduled for August 5. The order is available at http://bankrupt.com/misc/DocsDivine_CCMotion13.pdf About Doc's Divine Properties LLC Doc's Divine Properties, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-81630) on July 22, 2026, with up to $10 million in both assets and liabilities. Dr. Laurentis Barnett, chief executive officer of Doc's Divine Properties, signed the petition. Judge Clifton R. Jessup, Jr. oversees the case. Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC, represents the Debtor as legal counsel. Linda Gore serves as Subchapter V trustee for the Debtor. DOC'S DIVINE: Seeks Subchapter V Bankruptcy in Alabama ------------------------------------------------------ On July 22, 2026, Doc's Divine Properties, LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Alabama. According to court filings, the Brownsboro, Alabama-based real estate company reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million, with between 1 and 49 creditors. The petition indicates the company has approximately $3.8 million in secured debt. Subchapter V Chapter 11 Reorganization Plan is due October 20, 2026 About Doc's Divine Properties, LLC Doc's Divine Properties, LLC is a Brownsboro, Alabama-based real estate company engaged in the leasing of nonresidential buildings. The company manages a portfolio of commercial properties and luxury vacation rentals, offering premium guest services that include concierge assistance and private chef experiences. It has also been expanding its vacation rental business with a new property in Gatlinburg, Tennessee. Doc's Divine Properties, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-81630) on July 22, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Clifton R. Jessup Jr. is overseeing the case. The Debtor is represented by Kevin D. Heard, Esq., of Heard, Ary & Dauro, LLC. DOLPHIN COMPANY: Founder Opposes $20M Asset Sale to Grupo Xcaret ---------------------------------------------------------------- Eduardo Albor, founder of The Dolphin Company and representative of the company's original management, is notifying all interested parties that the current management of The Dolphin Company has submitted an acquisition proposal that would grant Delphinus Blue Planet, a subsidiary of Grupo Xcaret--led by Miguel Quintana Pali--control of its main assets and parks in Mexico for $20 million: an amount substantially lower than the price at which these assets were valued by the financial creditors themselves. If completed, the transaction would violate court rulings in Mexico and the United States, in addition to granting a single operator more than 90% of the marine mammal habitat market, creating an unprecedented monopoly risk in national tourism. The sale proposal was filed before the U.S. Bankruptcy Court for the District of Delaware just three days after the conclusion of the evidentiary hearing held on July 20 and 21. The document was signed by Rodrigo Constandse on behalf of Delphinus Blue Planet, along with Steven Strom, who acted as the representative appointed by CiBanco on behalf of financial creditors Prudential Financial, Inc., The Cigna Group, and Sculptor Equity Management. CiBanco's involvement as collateral agent and trustee for these creditors is highly questionable, given that the financial institution is currently undergoing liquidation following severe charges of money laundering linked to Mexican drug cartels. Furthermore, it was precisely this entity that imposed the company's current management, whose legitimacy and corporate authority to initiate the U.S. bankruptcy process were formally challenged by the original management, led by Eduardo Albor, during the recent hearing. "This case goes far beyond a proposed asset sale, it's part of an illegal effort to seize control of the company and deprive it of its core assets. It concerns the rule of law, corporate governance, and respect for final rulings issued by Mexican courts", stated Eduardo Albor, founder of The Dolphin Company and representative of the company's original management. A Decision Contrary to Both Mexican and U.S. Law In Mexico, the transaction directly violates an unappealable ruling issued by the Supreme Court of Justice of the Nation on June 30. The Supreme Court affirmed the absolute nullity of Eduardo Albor's removal and confirmed the full validity of the company's active insolvency proceedings (Concurso Mercantil). This decision maintains an active judicial stay, which strictly prohibits the sale, encumbrance, or transfer of the company's assets without explicit authorization from the presiding Mexican commercial judge. Meanwhile, in the United States, Eduardo Albor's defense filed a motion to dismiss the bankruptcy case on June 17 before Judge Laurie Selber Silverstein in Delaware. During the evidentiary hearing held on July 20–21 (Case No. 25-10606-LSS), the legal team presented evidence of procedural fraud committed by Prudential, Cigna, and Sculptor: using expired power-of-attorney documents from Wilmington Trust after having resigned their fiduciary roles, disregarding the active Concurso Mercantil in Mexico initiated on December 30, 2024 (the company's true Center of Main Interests -- COMI), and violating Mexican preliminary injunctions. Consequently, the current management lacks judicial recognition and legal authority to represent the company or dispose of its assets. "Our priority remains a legal restructuring process that protects the company, its employees, its creditors, the marine mammals under its care, and a competitive market in Mexico," added Albor. To date, Judge Laurie Selber Silverstein has not issued a ruling on the motion to dismiss, leaving the proposed sale to Grupo Xcaret's subsidiary without legal certainty or the necessary authority to be executed. Contacts: Aldo Lopez aldo.lopez@llyc.global Isabella Farromeque isabella.farromeque@llyc.global About The Dolphin Company The Dolphin Company is an aquatic park operator with a global presence, operating 30 parks and dolphin habitats in 8 countries, focusing on interactive experiences with marine mammals and promoting environmental stewardship through education and conservation efforts. Leisure Investments Holdings LLC is the parent company of The Dolphin Company who are in Chapter 11 bankruptcy in Delaware. Additional information about the Chapter 11 filing, including court documents, can be found at (https://www.veritaglobal.net/dolphinco); or by calling (888) 733-1434 (U.S./Canada) or (310) 751-2633 (International). DR DELICACY: Seeks to Hire Jambrina CPA PC as Accountant -------------------------------------------------------- DR Delicacy, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Jambrina CPA PC as its accountants. The firm will provide accounting and financial services, including income tax preparation, payroll processing, and payroll tax preparation. Jambrina CPA PC will receive a flat fee basis of $200 per payroll period (bi-weekly) and $1,450 per income tax return pursuant to an oral agreement. Jambrina CPA PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Maximiliano Jambrina, CPA Jambrina CPA PC 433 North Loop W Houston, TX 77008 Tel: (713) 574-2377 About DR Delicacy LLC DR Delicacy, LLC, a company based in Houston, operates a gourmet food retail and distribution business specializing in luxury culinary ingredients, including caviar, truffles, specialty mushrooms, foie gras, and related pantry items sourced from domestic and international suppliers. The company serves chefs, restaurants, and individual consumers through its online platform and warehouse store, offering seasonal products and curated selections for high-end dining and gifting. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32815) on April 23, 2026. In the petition signed by Diane Roederer, sole member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Jeffrey P. Norman oversees the case. Reese Baker, Esq., at Baker & Associates, represents the Debtor as legal counsel. DYNABODY LLC: Court Extends Cash Collateral Access to Aug. 25 ------------------------------------------------------------- DynaBody, LLC received second interim approval from the U.S. Bankruptcy Court for the Western District of North Carolina to use cash collateral. The court authorized the Debtor to use cash collateral through August 25 solely for expenses included in the approved budget. The Debtor must comply with the budget and must not exceed any individual budget line item by more than 10% during the interim period. United Community Bank and any other pre-petition lienholders will be granted adequate protection through replacement liens on post-petition cash collateral, with the same validity, extent, and priority as their pre-petition liens. As additional protection, United Community Bank will receive payments from the Debtor as specified in the budget. The order preserves all parties' rights regarding the validity, priority, and extent of liens asserted against the debtor or its cash collateral. A further hearing is scheduled for August 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/sMls7 from PacerMonitor.com. About DynaBody LLC DynaBody, LLC is a Tennessee-based company specializing in the design, manufacture, and resale of custom fitness equipment. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.C. Case No. 26-30771) on June 7, 2026. In the petition signed by John David Preble, sole member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Laura T. Beyer oversees the case. Michael L. Martinez, Esq., at Grier Wright Martinez, PA, represents the Debtor as legal counsel. ECHOSTAR CORP: BlackRock Holds 6.7% Beneficial Ownership Stake -------------------------------------------------------------- BlackRock, Inc., disclosed in a Schedule 13G (Amendment No. 9) filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 10,564,121 shares of EchoStar CORP's Class A Stock (with sole voting power over 9,946,119 shares, sole dispositive power over 10,564,121 shares, and no shared voting or dispositive power), representing 6.7% of the Class A Stock. The 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/2x3r8vbz About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of March 31, 2026, the Company had $41.38 billion in total assets, $35.7 billion in total liabilities, and a total stockholders' equity of $5.68 billion. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' Company credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026. ECHOSTAR CORP: Completes $20.25 Billion Spectrum Asset Sale to AT&T ------------------------------------------------------------------- EchoStar Corporation said in a regulatory filing with the Securities and Exchange Commission that on July 28, 2026, it and the other Seller Parties -- Castle Wireless L.L.C., Grizzly Wireless, L.L.C., Weminuche L.L.C., SNR Wireless Licenseco, LLC, Manifest Wireless L.L.C., and ParkerB.com Wireless L.L.C. -- completed the transactions contemplated by the License Purchase Agreement, dated Aug. 25, 2025, between the Seller Parties and AT&T Mobility II LLC, a Delaware limited liability company and a subsidiary of AT&T Inc. Pursuant to the License Purchase Agreement, at the Closing, the Seller Parties sold all 3.45 GHz and 600 MHz spectrum licenses that were held by the Seller Parties and entered into a 99-year extension of existing leases for the AT&T Mobility's exclusive use of certain wireless spectrum licenses in Hawaii. In connection with the Closing, Seller received proceeds of $20.25 billion, and an additional $2.4 billion was deposited by the AT&T Mobility into the mandated FCC Trust. In connection with the Closing, all amounts outstanding under that certain Loan and Security Agreement, dated as of Nov. 26, 2021, between DISH DBS Corporation, as lender, and DISH Network Corporation, as borrower, were satisfied in full. Additionally, the approximately $3.686 billion outstanding (inclusive of early redemption premium and accrued but unpaid interest) of the 11 3/4% Senior Secured Notes due Nov. 15, 2027 issued pursuant to the Secured Indenture, dated Nov. 15, 2022, by and among DISH Network Corporation, the guarantors identified therein, and U.S. Bank Trust Company, National Association, as trustee and collateral agent, was redeemed in full at the Closing in accordance with the terms thereof. Establishment of FCC Trust As a condition to the Federal Communications Commission's approval of the assignment of the Licenses to the Buyer pursuant to the License Purchase Agreement, the FCC's Wireless Telecommunications Bureau required the establishment of a trust fund in the amount of $2.4 billion to pay obligations to persons or entities that may obtain a final judgment, arbitration award or settlement against an EchoStar Party for amounts due in connection with the construction, operation, maintenance, decommissioning and provisioning of goods or services related to communications sites and the communications network associated with the Licenses being sold in the Transactions. The FCC Trust was funded at the Closing by the Buyer directly using cash that constituted a portion of the purchase price. The FCC Trust, formally known as the "Wireless Creditor Trust," was established pursuant to a Trust Agreement dated as of June 26, 2026, in accordance with the Wireless Telecommunications Bureau's Memorandum Opinion and Orders, DA 26-470 and DA 26-471, dated May 12, 2026. The FCC Trust is required to pay eligible covered claims in three priority tiers: (i) "Type A Claims" of $100,000 or less, funded from an initial $200 million segregated reserve; (ii) "Type B-1 Claims" for outstanding amounts due under agreements related to the covered activities; and (iii) "Type B-2 Claims" for lost future rents, profits and other future amounts. The FCC Trust will terminate upon satisfaction of all eligible claims or, if not earlier terminated, no later than five years from the trust effective date, subject to the Bureau's authority to extend the term. Full-text copies of the License Purchase Agreement and the FCC Trust Agreement are available at https://tinyurl.com/3knw5ber and https://tinyurl.com/2w5bbfvm, respectively. About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of March 31, 2026, the Company had $41.38 billion in total assets and $35.7 billion in total liabilities, and total stockholders' equity of $5.68 billion. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' Company credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026. ELEVATE MARKETING: Case Summary & Two Unsecured Creditors --------------------------------------------------------- Debtor: Elevate Marketing Solutions LLC 1521 Pine Creek Drive Springfield, IL 62711 Business Description: Elevate Marketing Solutions provides digital marketing services for healthcare and wellness businesses, including chiropractic practices. Its services include digital advertising management, search engine optimization, website and landing-page development, online reputation support, database reactivation, and lead-nurturing systems. The company also conducts market research and monitors advertising campaigns. Kendall Price is its founder and chief executive officer. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Central District of Illinois Case No.: 26-70681 Judge: Hon. Mary P. Gorman Debtor's Counsel: Sumner A. Bourne, Esq. RAFOOL & BOURNE, P.C. 401 Main Street, Suite 1130 Peoria, IL 61602 Tel: (309) 673-5535 Fax: (309) 673-5537 E-mail: notices@rafoolbourne.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Kendall Price as bankruptcy representative/manager. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FPH6RMY/Elevate_Marketing_Solutions_LLC__ilcbke-26-70681__0001.0.pdf?mcid=tGE4TAMA ENDLESS SUMMER: Hires Premier Living Realty as Real Estate Broker ----------------------------------------------------------------- Endless Summer Real Estate & Investments LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Premier Living Realty as real estate broker. The broker will market and sell the Debtor's property located at Lot 17 New Pinehurst Subd Unit 2, 3403 54th Avenue, Gulfport, MS. The firm will receive a commission equal to 4% of the purchase price. Ajuanzie Ross Johnson, a broker at Premier Living Realty, disclosed in the court filing that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Ajuanzie Ross Johnson Premier Living Realty 877 Northpark Dr. Suite 200 Ridgeland, MS 39157 Phone: (601) 790-1772 Email: AJ@premierlivingteam.com About Endless Summer Real Estate & Investments LLC Endless Summer Real Estate & Investments is a privately held company that holds and rents out real estate properties. Endless Summer Real Estate & Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-01509) on May 29, 2026. In the petition signed by Steven T. Johnson as managing member, the Debtor disclosed estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Judge Jamie A. Wilson presides over the case. Craig M. Geno, Esq. at LAW OFFICES OF GENO AND STEISKAL, PLLC, represents the Debtor as legal counsel. ENTRY LLC: Case Summary & Seven Unsecured Creditors --------------------------------------------------- Debtor: Entry LLC 30 N Gould St Ste N Sheridan, WY 82801 Business Description: Entry LLC provides online visa, passport, immigration-document and business-filing assistance to travelers, individuals and entrepreneurs worldwide through Entry.com and related service platforms. Based in Sheridan, Wyoming, the company offers guided application preparation, document review, application tracking and travel-document support, while operating as a private service provider unaffiliated with government agencies. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court District of Puerto Rico Case No.: 26-03455 Debtor's Counsel: Juan C Bigas, Esq. JUAN C. BIGAS LAW PO Box 7011 Ponce, PR 00732-7011 Tel: (787) 259-1000 E-mail: cortequiebra@yahoo.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Scott Jason Zuckerman as president. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BLLJQHQ/ENTRY_LLC__prbke-26-03455__0001.0.pdf?mcid=tGE4TAMA ESGTHERM LLC: Court Extends Cash Collateral Access to Aug. 25 ------------------------------------------------------------- ESGTHERM, LLC received another extension from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral to fund operations. The court entered a second interim order further authorizing the Debtor to use cash collateral through August 25 based on the approved budget. The court incorporated into the second interim order all provisions of the initial order entered on June 29. Under the second interim order, senior secured creditors will be granted adequate protection through replacement liens on substantially all post-petition assets of the Debtor, excluding Chapter 5 avoidance actions, and a potential superpriority administrative expense claim (if the replacement liens prove insufficient). The interim order preserves the rights of the U.S. Trustee, any creditors' committee, and other parties in interest to challenge the validity, priority, extent, or amount of the secured creditors' liens and claims through confirmation of a Chapter 11 plan. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/8XOQe from PacerMonitor.com. A final hearing is scheduled for August 25. About ESGTHERM LLC ESGTHERM, LLC is a Budd Lake, New Jersey-based full-service restaurant operating under the trade name Budd Lake Diner. The restaurant offers dine-in, catering, and food delivery services through platforms such as DoorDash and Grubhub, and maintains daily operating hours from 6:00 a.m. to 8:00 p.m. ESGTHERM sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-17330) on June 25, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $1 million and $10 million. The Debtor tapped David H. Stein, Esq., at Wilentz, Goldman & Spitzer, P.A. as legal counsel and Vestcorp, LLC as accountant. Joseph L. Schwartz serves as Subchapter V trustee. FAIRWAY AMERICA: Seeks Final OK to Use Cash Collateral ------------------------------------------------------ Fairway America, LLC and Fairway America Management Group II, LLC ask the U.S. Bankruptcy Court for the District of Oregon for final approval to use cash collateral. The Debtors were initially allowed to use $107,816 in cash collateral through Aug. 7 under the court's July 21 interim order. To maintain going-concern value and continue operations, the Debtors request immediate access to $171,187 in cash collateral to cover critical operational expenses according to their budget, permitting standard operational variance limits (up to 20% on individual line items and 10% in the aggregate, with unspent funds rollable to future periods). As adequate protection to secured lenders against any diminution in collateral value during reorganization, the Debtors propose granting replacement liens on post-petition assets of equal type and nature, subject to existing valid priorities. The Debtors also ask the court to direct any third party holding pre-petition cash collateral or uncashed checks payable to the Debtors to turn those funds over immediately to approved bank accounts. The Debtors operate a real estate investment and advisory business with five direct hire employees, originally filing for Chapter 11 on July 8, 2025. Approximately 64 investors hold secured claims against substantially all of Fairway America's assets -- valued at roughly $5.52 million against total secured obligations of approximately $11.16 million -- primarily perfected through UCC-1 financing statements naming noteholder groups. A hearing on the matter is set for August 10, at 9 a.m. A copy of the motion is available at https://urlcurt.com/u?l=T8KPjy from PacerMonitor.com. About Fairway America LLC Fairway America, LLC is a Tigard, Oregon-based boutique investment manager specializing in private real estate investments. It provides investment management services focused on real estate opportunities and related private investment strategies. Fairway America and Fairway America Management Group II, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Lead Case No. 26-32378) on July 8, 2026. In its petition, Fairway America reported estimated assets of $5.5 million and estimated liabilities of $11.8 million. Honorable Teresa H. Pearson handles the cases. The Debtors are represented by Douglas R. Ricks, Esq., at Sussman Shank, LLP. FAMILY DOLLAR: Moody's Rates New $450MM Secured 1st Lien Notes 'B3' ------------------------------------------------------------------- Moody's Ratings assigned a B3 rating to Family Dollar Stores, LLC's ("Family Dollar") proposed $450 million backed senior secured first lien notes due 2031. All other ratings including Family Dollar's B2 corporate family rating, B2-PD probability of default rating and B3 senior secured term loan B rating remain unchanged. The outlook remains stable. Net proceeds from the proposed $450 million senior secured first lien notes along its recently launched $400 million senior secured term loan B and ABL borrowings will be used to repay outstanding debt as well as fund a $320 million distribution to shareholders. RATINGS RATIONALE Family Dollar's B2 CFR reflects its high leverage and weak interest coverage. Debt to EBITDA is about 4.1x, and EBITDA less capex to interest expense around 1.3x (as per Moody's definitions) as of January 31, 2026, proforma for the proposed refinancing and dividend distribution, excluding transaction and separation costs as it continues to execute its operational turnaround as a standalone business post its purchase by Brigade Capital, LP and Macellum Capital Management LLC, which closed in July 2025. The CFR also reflects governance considerations including its relatively aggressive financial policy towards debt financed dividends while the company is in the early stages of regaining its footing as a standalone operator. Its profile is supported by its good position and well-known name recognition in its core markets, significant geographic reach and diversity despite some concentration in the eastern United States, favorable customer demographics and good liquidity. Family Dollar's liquidity is supported by its new $1.4 billion asset based revolving credit facility (not rated) due 2031, with most of the facility expected to be available and positive free cash flow supporting the company's plan to maintain cash balances well above historic levels. Moody's expects credit metrics to improve post its recapitalization as the company laps non-recurring expenses and benefits from its various operational initiatives with debt to EBITDA improving below 3.7x and interest coverage migrating toward 1.75x in the next 12-18 months. Moody's views the dollar store sector as being well positioned compared to other retail channels given its low price points and consumers' focus on value. However, the core extreme value sector customer has been hurt by inflation and is highly price sensitive, making it difficult to increase prices to offset higher costs. The sector is also facing the challenges of higher input costs and shrink. The B3 rating on the senior secured notes reflects the significant amount of debt that is senior to the notes, specifically its new ABL facility. The rating on the notes also reflects that they are pari passu in all critical respects with the senior secured term loan B and as a result are rated the same. The stable outlook reflects Moody's expectations that Family Dollar successfully executes on its strategic goals and cost saving initiatives that result in at least good liquidity and improved credit metrics. The outlook also anticipates a more moderate financial policy with regards to its capital structure and dividends. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING Factors that could lead to an upgrade include successfully achieving strategic initiatives and cost saving targets, maintaining a financial policy and business strategies to support solid credit metrics and at least good liquidity. Quantitatively, the ratings could be upgraded if debt to EBITDA is sustained below 4.0 times and EBITDA less capex to interest expense is sustained above 2.5 times. Factors that could lead to a downgrade include an inability to successfully achieve strategic initiatives and cost savings targets resulting in debt to EBITDA sustained above 5.25 times or EBITDA less capex to interest expense sustained below 1.5x. The adoption of a more aggressive financial policy or a deterioration in liquidity for any reason could also result in a downgrade. Headquartered in Chesapeake, Virginia, Family Dollar Stores, LLC, a wholly-owned subsidiary of 1959 Holdings, LLC, owns and operates approximately 7,200 extreme value general merchandise stores in 48 states. Revenues were approximately $13.0 billion for the LTM period ending January 31, 2026. Family Dollar is owned by Brigade Capital Management, LP and Macellum Capital Management, LLC. The principal methodology used in this rating was Retail and Apparel published in September 2025. FAMILY SOLUTIONS: Court OKs Biz Assets to Gehring Therapeutics -------------------------------------------------------------- George F. Sanderson, Chapter 11 Trustee of Family Solutions of Ohio Inc., seeks permission from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, to sell Property in a private sale, free and clear of liens, claims, interests, and encumbrances. The property to be sold is all of Seller's rights, title, and interest in all assets of the Seller used or usable in the operations of the Business, i.e. the business of providing health and social services in the State of Ohio, to the extent possible to be transferred, other than the Excluded Assets. The Purchased Assets shall include, without limitation, the following assets utilized in the conduct and operation of the Business: a. all of Seller's continuing rights under the Assumed Contracts; b. the Tangible Property located in the State of Ohio; c. the Books and Records, to the extent legally transferrable (and acknowledging that Seller is permitted to retain copies of same); d. all leasehold improvements and signage; e. the Intellectual Property; f. all of Seller's rights in and to the names "Family Solutions of Ohio," "Family Solutions of Ohio, Inc." and similar names; g. all work-in-process, client backlog and Client Accounts of Seller in existence as of the Closing Date; h. all Accounts Receivable of Seller arising from the conduct and operation of the Business prior to Closing uncollected as of the Closing Date, other than any receivables, proceeds or other amounts arising from or relating to the real property and appurtenant rights or any other Excluded Asset, each of which shall constitute Excluded Assets and shall be retained and collected by Seller for the benefit of the Estate; i. all rights of Seller under confidentiality, non-competition, proprietary rights and similar agreements with all current and former employees and consultants who provide or provided services relating to the Business; and j. all of the other intangible rights and properties of Seller, including going concern value, goodwill, and telephone and facsimile numbers, email addresses, and directory listings. The Trustee has negotiated an Asset Purchase Agreement (APA) with Gehring Therapeutics LLC, an Ohio limited liability company to sell the property for a purchase price of $100,000. The Court has authorized the Trustee to sell the Property to Gehring Therapeutics free and clear of all liens and interests. The Trustee is permitted to submit an application to surcharge the Property for the reasonable and necessary costs and expenses of preserving and disposing of the Property. The purchaser of the Property is deemed to be a good-faith purchaser of the Property. About Family Solutions of Ohio Family Solutions of Ohio, Inc. in Wake Forest, NC, filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.C. Case No. 24-03043) on Sept. 5, 2024, listing as much as $1 million to $10 million in both assets and liabilities. John Hopkins, Jr., vice president, signed the petition. Judge Pamela W. McAfee oversees the case. Hendren, Redwine & Malone, PLLC serves as the Debtor's counsel. George Sanderson III was appointed as trustee appointed in this Chapter 11 case. The trustee tapped The Sanderson Law Firm, PLLC and Hendren, Redwine & Malone, PLLC as bankruptcy counsel and Calfee, Halter & Griswold LLP as special purpose counsel. FINME LLC: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: FINME, LLC 302 Harry S. Truman Parkway Suite A Annapolis, MD 21401 Business Description: FINME, LLC sells tile and other flooring products to contractors and the public from its Annapolis, Maryland, location. The company acquired the assets of Compass Stone & Tile Studio, LLC in January 2024. Chapter 11 Petition Date: July 22, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-17924 Debtor's Counsel: Geri Lyons Chase, Esq. LAW OFFICES OF GERI LYONS CHASE 2007 Tidewater Colony Drive, Suite 2B Annapolis, MD 21401 Tel: 410-573-9004 Fax: 410-630-5767 E-mail: gchase@glchaselaw.com Total Assets: $120,402 Total Liabilities: $1,248,186 The petition was signed by Brian Dieterich as sole member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TFIZNHI/FINME_LLC__mdbke-26-17924__0001.0.pdf?mcid=tGE4TAMA FINME LLC: Gets Interim OK to Use Cash Collateral ------------------------------------------------- FINME, LLC on July 30 received interim approval from the U.S. Bankruptcy Court for the District of Maryland, Baltimore Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral from July 28 through August 26 to fund its operations based on a court-approved budget. Formed in October 2020, FINME, LLC acquired the assets of Compass Stone and Tile Studio, LLC in January 2024. To finance the purchase, the Debtor obtained a $609,180 loan from American Momentum Bank, which recorded a perfection financing statement on January 29, 2024. Additionally, the seller retained a promissory note for $37,147, secured by a recorded financing statement on February 24, 2024. Beginning in late 2024, employee-related losses created severe cash flow disruptions, leading the debtor to secure four separate Merchant Cash Advances. While multiple UCC filings exist—many filed by third-party agents rather than named lenders—the Debtor asserts that, based on asset valuations, American Momentum Bank holds the only fully secured lien on its assets. To maintain continuous business operations, pay its eight employees, purchase inventory, and propose a viable reorganization plan, the Debtor requires immediate access to its cash collateral generated from accounts receivable. The Debtor said that it lacks alternative financing sources and faces irreparable harm if emergency authorization is denied. As adequate protection, the Debtor offers granting creditors replacement liens on post-petition accounts receivable and cash generated during the authorized period. The Debtor maintains that its ongoing cash flow is sufficient to satisfy required payments to both American Momentum Bank and Compass Stone and Tile Studio, LLC until a final cash collateral order is entered, especially if secured debt can be restructured to accommodate seasonal revenue fluctuations. The Debtor's June 2026 profit and loss statement reflects $179,309 in total income and a net income of $10,797. The order is available at http://bankrupt.com/misc/FINMELLC_CCorder28.pdf The final hearing is set for August 26. About FINME LLC FINME, LLC operates a tile and flooring supply business serving contractors and the public from its headquarters at 302 Harry S. Truman Parkway in Annapolis, Maryland. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-17924) on July 2, 2026. In the petition signed by Brian Dieterich, sole member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Geri Lyons Chase, Esq., at Law Office of Geri Lyons Chase, represents the Debtor as legal counsel. FINME LLC: Jolene Wee of JW Infinity 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 Finme LLC. 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 FINME LLC FINME, LLC sought protection under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. MD. Case No. 26-17924) on July 22, 2026. At the time of the filing, the Debtor had assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million. The Law Office of Geri Lyons Chase serves as the Debtor's bankruptcy counsel. FIRST BRANDS: 16-Cent Loan Casts Doubt on Litigation Recoveries --------------------------------------------------------------- Reshmi Basu and Steven Church of Bloomberg News report that the creditors of First Brands Group LLC are being asked to support the auto-parts supplier's Chapter 11 plan with the promise that future litigation could generate enough proceeds to repay claims in full. The company has argued that lawsuits seeking roughly $2 billion from former insiders, lenders, and business partners accused of participating in an alleged fraud scheme could ultimately provide a complete recovery for creditors. Trading in the company's $1.1 billion debtor-in-possession financing tells a far different story. The superpriority loan, which sits at the top of the repayment waterfall, has been quoted at roughly 16 cents on the dollar, according to broker runs reviewed by Bloomberg, suggesting investors have little confidence that litigation proceeds will deliver the recoveries projected by the estate's advisers, the reoort relays. The unusually steep discount reflects concerns about the uncertainty, cost, and duration of complex litigation. Recovering billions of dollars through fraud and avoidance claims could take years, with defendants expected to vigorously contest the allegations. Even successful judgments may prove difficult to collect, creating significant execution risk for creditors relying on future lawsuits for repayment, according to report. First Brands' restructuring proposal has already drawn objections from several creditor groups, who argue the plan depends too heavily on speculative litigation rather than tangible assets or committed financing. The pricing of the rescue loan has reinforced doubts in the distressed debt market about whether the Chapter 11 strategy can ultimately generate the recoveries the company is promising, Bloomberg cites. About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on Sept. 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FIRST BRANDS: Hires Marc S. Kirschner as Expert Consultant ---------------------------------------------------------- First Brands Group, LLC, et al. seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Marc S. Kirschner, Esq. as expert consultant and expert witness. Mr. Kirschner is being retained through Weil, Gotshal & Manges LLP to provide expert consulting services and expert testimony regarding the FBG Debtors' claims and causes of action that will be transferred to the Litigation Trust if the Plan is confirmed, including anticipated proceeds to be generated from the Estate Claims. The Debtors will compensate Mr. Kirschner as follows: a. a fixed fee of $200,000 through the completion of the Declaration; b. $1,500 per hour from completion of the Declaration through and including any hearing related to confirmation of the Plan; and c. reimbursement for any reasonable and documented out-of-pocket expenses in connection with the Services. Mr. Kirschner assured the court that he is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code and holds no interest adverse to the Debtors or their estates. The expert can be reached at: Marc S. Kirschner, Esq. Kirschner Consulting Company 1120 Park Avenue, 18A New York, NY 10128 Cell phone: (917) 459 6964 Email: mskirschner@kirschnerconsulting.com About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on Sept. 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FIRST CHOICE: Inks $650M Business Combination w/ Westin Acquisition ------------------------------------------------------------------- First Choice Healthcare Solutions, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 22, 2026, it entered into a Business Combination Agreement with Westin Acquisition Corp., a Cayman Islands exempted company, and First Choice Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Parent. Pursuant to the Business Combination Agreement, and subject to the terms and conditions that are set forth therein, on the day that is one Business Day prior to the Closing Date, Parent will de-register from the Registrar of Companies in the Cayman Islands and transfer by way of continuation out of the Cayman Islands and into the State of Nevada so as to migrate to and domesticate as a Nevada corporation, with the Parent being referred to at and after the effective time of the Domestication as "Wellgevity 360, Inc." or "PubCo." Immediately following the Domestication, Merger Sub will merge with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of PubCo. The Domestication, the Merger, and the other transactions contemplated by the Business Combination Agreement are to be collectively referred to herein as the "Business Combination" or the "Transactions." The closing of the Transactions is referred to as the "Closing," and the date on which the Closing occurs is referred to herein as the "Closing Date." The Company and its subsidiaries are engaged in providing healthcare services and developing and operating functional health, longevity and regenerative medicine clinics and related healthcare businesses. Concurrently with the execution of the Business Combination Agreement, the Company entered into binding agreements to acquire all of the outstanding equity interests of Pointe Medical Services, LLC, Point Medical Pharmacy, Inc., Live Well Drugstore, LLC and Live Well Drugstore, Inc., and the acquisitions of the Pointe Med Entities are expected to be consummated substantially concurrently with the Closing. Consideration to Company Securityholders The Business Combination values the Company at an equity value of up to approximately $650 million. Pursuant to the Business Combination Agreement, the aggregate merger consideration will consist of a number of shares of PubCo Common Stock equal to the Equity Value divided by the Redemption Price. The Aggregate Merger Consideration will be allocated among the holders of Company Securities in accordance with the Business Combination Agreement and the Closing Consideration Spreadsheet. At or prior to the Closing, PubCo will deposit the Aggregate Merger Consideration with the Exchange Agent for the benefit of the holders of Company Securities entitled to receive the applicable portion thereof. At the Merger Effective Time, each outstanding share of Company Common Stock (other than Excluded Shares and Dissenting Shares) and each outstanding share of Company Preferred Stock, if any, will be converted into the right to receive the applicable Per Share Merger Consideration in accordance with the Business Combination Agreement and the Closing Consideration Spreadsheet. Company Equity Awards, if any, will be treated in accordance with the Business Combination Agreement. The Domestication One Business Day prior to the Closing Date, Parent will deregister from the Register of Companies in the Cayman Islands and transfer by way of continuation out of the Cayman Islands and into the State of Nevada so as to migrate to and domesticate as a Nevada corporation. Concurrently, Parent will file its Articles of Incorporation with the Secretary of State of the State of Nevada and adopt the bylaws of PubCo. Immediately prior to the Domestication, to the extent any Parent Units remain outstanding and unseparated, each such Parent Unit will be automatically separated into its component securities, and the holder thereof will be deemed to hold one Parent Class A Ordinary Share and one Parent Public Right entitling the holder to receive one-sixth of one Parent Class A Ordinary Share. Immediately following the Unit Separation, all Parent Units will be canceled and cease to exist. Upon the Domestication becoming effective: (i) each issued and outstanding Parent Class A Ordinary Share will automatically convert into one validly issued, fully paid and nonassessable share of PubCo Common Stock; (ii) each outstanding Parent Right will automatically become a right to receive PubCo Common Stock on the same terms and conditions in effect immediately prior to the Domestication; and (iii) Parent will continue as PubCo without interruption of its corporate existence. The Merger Immediately following the Domestication, Merger Sub will merge with and into the Company, with the Company surviving the Merger as the Surviving Corporation and a wholly owned subsidiary of PubCo. The Closing will occur on the second Business Day following the satisfaction or waiver (to the extent permitted by applicable Law) of the conditions set forth in the Business Combination Agreement, unless otherwise agreed by the parties in writing. Pursuant to the Business Combination Agreement and in accordance with the Delaware General Corporation Law, at the Merger Effective Time: (i) Merger Sub will merge with and into the Company; (ii) the separate corporate existence of Merger Sub shall cease; and (iii) the Company shall survive the Merger as the Surviving Corporation and become a wholly owned subsidiary of PubCo. Merger Consideration At the Merger Effective Time, each outstanding share of Company Common Stock (other than Excluded Shares and Dissenting Shares) will be canceled and converted into the right to receive the applicable Per Share Merger Consideration. Each outstanding share of Company Preferred Stock, if any, will be converted into the right to receive the applicable Per Share Merger Consideration in accordance with the Closing Consideration Spreadsheet and the Company's organizational documents. The Business Combination Agreement also provides for the treatment of outstanding Company Equity Awards in accordance with the terms thereof. PIPE Investment Concurrently with the execution of the Business Combination Agreement, the Company agreed to enter into subscription agreements with certain investors, pursuant to which the PIPE Investors agreed, subject to the terms and conditions set forth therein, to purchase at the Closing shares of PubCo Preferred Stock having an aggregate stated value of $12.5 million for an aggregate purchase price of $10 million. Representations, Warranties, and Covenants The Business Combination Agreement contains customary representations, warranties, and covenants of the parties for a transaction of this nature. Among other things, the Company is required to provide financial statements and other information necessary for the preparation of the registration statement on Form S-4 and to cooperate with Parent in the preparation of the required pro forma financial statements. The parties have also agreed to customary interim operating covenants, non-solicitation obligations, obligations to use reasonable best efforts to obtain the required governmental and third-party approvals and consents, and other customary covenants pending the Closing. Registration Statement / Proxy Statement As promptly as reasonably practicable after the date of the Business Combination Agreement, Parent will prepare and file with the SEC a registration statement on Form S-4, which will include a proxy statement/prospectus, to register the securities to be issued in connection with the Business Combination and to solicit the approval of Parent's shareholders. Parent and the Company have agreed to cooperate in the preparation, review, amendment and completion of the Registration Statement and other required SEC filings, including responding to SEC comments and furnishing information required in connection therewith. Conditions to Closing The obligations of the parties to consummate the Business Combination are subject to the satisfaction or waiver (to the extent permitted by applicable Law) of certain customary closing conditions, including, without limitation: (i) the absence of any Law or Order that makes the Business Combination illegal or otherwise restrains, enjoins or prohibits the consummation of the Domestication, the Merger or any of the other Transactions; (ii) the effectiveness under the Securities Act of the Registration Statement, with no stop order suspending its effectiveness being in effect and no proceedings seeking such suspension having been initiated or threatened by the SEC; and (iii) approval for listing on the applicable national securities exchange of the shares of PubCo Common Stock to be issued in connection with the Business Combination, subject to official notice of issuance. The obligations of Parent and Merger Sub to consummate the Business Combination are further subject to additional conditions, including, among other things: (i) the Company's performance and compliance in all material respects with its covenants, agreements and obligations under the Business Combination Agreement; (ii) the accuracy of the Company's representations and warranties, subject to the bring-down standards set forth in the Business Combination Agreement; (iii) no Company Material Adverse Effect having occurred since the date of the Business Combination Agreement that is continuing; (iv) receipt by Parent of a certificate executed by an executive officer of the Company certifying compliance with specified closing conditions; (v) delivery of a FIRPTA certificate and related IRS notice; (vi) termination of certain specified contracts prior to the Closing; (vii) receipt of the Company Stockholder Approval; (viii) receipt of all required Company consents; (ix) the absence of any unresolved adverse written communication from the DEA or any other applicable Governmental Authority that would materially and adversely affect the Company's business or regulatory engagement; (x) execution and delivery of the Lock-Up Agreement by the Lock-Up Stockholders; (xi) timely filing of specified outstanding Tax Returns; and (xii) the substantially simultaneous consummation of the acquisitions of the Pointe Med Entities pursuant to the applicable acquisition agreements. The obligations of the Company to consummate the Business Combination are subject to additional conditions, including, among others: (i) Parent's and Merger Sub's performance and compliance in all material respects with their respective covenants, agreements and obligations under the Business Combination Agreement; (ii) the accuracy of Parent's and Merger Sub's representations and warranties, subject to the bring-down standards set forth in the Business Combination Agreement; (iii) no Parent Material Adverse Effect having occurred since the date of the Business Combination Agreement that is continuing; (iv) receipt by the Company of a certificate executed by an authorized executive officer of Parent certifying compliance with specified closing conditions; (v) effectiveness of PubCo's articles of incorporation; (vi) execution and delivery of the Registration Rights Agreement and the Lock-Up Agreement; (vii) compliance by the Parent Supporting Shareholders with the Parent Support Agreement; and (viii) receipt of the Parent Shareholder Approval. Termination The Business Combination Agreement may be terminated in certain customary circumstances, including, without limitation: (i) by the mutual written consent of Parent and the Company; (ii) by either Parent or the Company if the Closing has not occurred on or before March 31, 2027, which date will be automatically extended to April 30, 2027 if the SEC has not declared the Registration Statement effective on or prior to Feb. 28, 2027, subject to certain exceptions; (iii) by either Parent or the Company if any Governmental Authority has issued a final, nonappealable Order permanently restraining, enjoining or otherwise prohibiting the consummation of the Business Combination; (iv) by either party for certain uncured breaches by the other party that would result in the failure of a closing condition, subject to the notice and cure provisions set forth in the Business Combination Agreement; (v) by Parent if the Company Stockholder Written Consent is not obtained or delivered within 24 hours after execution of the Business Combination Agreement, provided that Parent delivers notice of its intention to terminate within five Business Days after such deadline; and (vi) by either Parent or the Company if the Parent Shareholder Approval is not obtained at the Parent Shareholder Meeting. Effect of Termination If the Business Combination Agreement is terminated in accordance with its terms, it will become void and have no further force or effect, without liability on the part of any party to any other party, except as otherwise expressly provided in the Business Combination Agreement; provided, however, that no such termination will relieve any party from liability arising out of or incurred as a result of such party's Willful Breach of the Business Combination Agreement or Fraud. Governance Following the Closing, the initial board of directors of PubCo is expected to consist of five directors: one independent director designated by the Sponsor; three independent directors designated by the Company, after consultation with Parent; and the Company's Chief Executive Officer. At least a majority of the board will qualify as independent directors. The Company will designate the initial Chairperson of the board from among the directors designated by the Company and the Company's Chief Executive Officer. Advisors Celine & Partners, PLLC and Ogier serve as the legal advisors to Westin. Sichenzia Ross Ference Carmel LLP serves as the U.S. securities counsel to the Company. Geneva Capital Pte. Ltd. (GCCPL) serves as the financial advisor to the Company. Timeframes for Filing and Closing As promptly as reasonably practicable after the date of the Business Combination Agreement, Parent will prepare and file the Registration Statement on Form S-4 in accordance with the terms of the Business Combination Agreement. A full-text of the Business Combination Agreement is available at https://tinyurl.com/2ryhvku4. The Business Combination Agreement contains representations, warranties and covenants made by the respective parties solely for the purposes of the Business Combination Agreement and as of specified dates. The assertions embodied in those representations, warranties and covenants were made solely for purposes of the contract among the parties and are subject to important qualifications and limitations agreed to by the parties in connection with negotiating the Business Combination Agreement. The Business Combination Agreement is being filed to provide investors with information regarding its terms and is not intended to provide any other factual information about Parent, Merger Sub or the Company. In particular, the representations, warranties and covenants contained in the Business Combination Agreement may be subject to contractual standards of materiality that differ from those applicable to investors and should not be relied upon as characterizations of the actual state of facts or condition of Parent, Merger Sub or the Company. Other Agreements The Business Combination Agreement contemplates or was entered into in connection with the following additional agreements and instruments: Parent Support Agreement Concurrently with the execution of the Business Combination Agreement, the Sponsor and certain other Parent shareholders entered into a Parent Support Agreement pursuant to which they agreed, among other things, not to transfer or redeem their Parent Ordinary Shares, to vote in favor of the Business Combination and to waive certain anti-dilution and similar protections. A full-text copy of the Parent Support Agreement is available at https://tinyurl.com/37jzsm58 Company Support Agreement Concurrently with the execution of the Business Combination Agreement, the Company and certain other Company shareholders entered into a Company Support Agreement pursuant to which they agreed, among other things, not to transfer or redeem their Company Shares, to vote in favor of the Business Combination and to waive certain anti-dilution and similar protections. A full-text copy of the Company Support Agreement is available at https://tinyurl.com/2vsfrjdv Form of Lock-Up Agreement In connection with the Closing, the Sponsor and each Company Officer, Director and each Stockholder holding five percent or more of the Company's outstanding equity securities immediately prior to the Closing will enter into a Lock-Up Agreement substantially in the form attached as Exhibit F to the Business Combination Agreement, pursuant to which such holders will agree to certain restrictions on the transfer of their shares of PubCo Common Stock following the Closing. A full-text copy of the Lock-Up Agreement is available at https://tinyurl.com/54euudm7 Registration Rights Agreement In connection with the Closing, PubCo, the Sponsor, the SPAC Holders and the Company Holders will enter into an Amended and Restated Registration Rights Agreement, which will amend and restate in its entirety the Registration Rights Agreement, dated Nov. 3, 2025, among Parent, the Sponsor and the other parties thereto. Pursuant to the Amended and Restated Registration Rights Agreement, PubCo will be required, within 30 calendar days following the Closing Date, to file a resale shelf registration statement on Form S-1 or, if then eligible, Form S-3, covering the resale of the registrable securities held by the Sponsor, the SPAC Holders and the Company Holders, including the Founder Shares, Private Placement Shares, Working Capital Loan Shares and Merger Shares. PubCo will be required to use commercially reasonable efforts to cause the resale shelf registration statement to become effective as promptly as practicable and to remain continuously effective until no registrable securities remain outstanding. The holders will also have certain underwritten takedown, demand registration, block trade and piggyback registration rights, in each case subject to the thresholds, limitations, underwriter cutbacks, suspension rights, transfer restrictions and other terms set forth in the Amended and Restated Registration Rights Agreement. PubCo will bear the expenses of registrations effected pursuant to the Amended and Restated Registration Rights Agreement, other than applicable underwriting discounts, selling commissions, transfer taxes and similar selling expenses attributable to a holder's sale of registrable securities. The Amended and Restated Registration Rights Agreement will become effective upon the Closing and will be void ab initio if the Business Combination Agreement is terminated prior to the Closing. A full-text copy of the Amended and Restated Registration Rights Agreement is available at https://tinyurl.com/4r3ddwuj About First Choice Healthcare Melbourne, Fla.-based First Choice Healthcare Solutions, Inc. provides rehabilitative services, such as physical therapy. As of March 31, 2026, the Company had $4.1 million in total assets and $45 million in total liabilities, and total stockholders' equity of $40.9 million. Bush & Associates CPA LLC, the Company's independent registered public accounting firm since 2024 and headquartered in Las Vegas, Nevada, included an explanatory paragraph in its audit report dated March 11, 2026, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. FIRST STEP: Hires David P. Leibowitz LLC as Bankruptcy Counsel -------------------------------------------------------------- First Step USA, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire the Law Offices of David P. Leibowitz, LLC, d/b/a Lakelaw as counsel. The firm will render these services: (a) advise the Debtor concerning its powers and duties in the continued management and operation of its business and properties; (b) attend meetings with and negotiate with respective creditors and other parties in interest; (c) advise and consult on the conduct of the case; (d) advise the Debtor concerning post-petition financing arrangements and negotiate and draft necessary documents; (e) provide advice to the Debtor on legal issues arising in or relating to its ordinary course of business; (f) take all necessary actions to protect and preserve the Debtor's estate; (g) prepare on behalf of the Debtor all legal papers necessary to the administration of the estate; (h) prepare, on the Debtor's behalf, a plan of reorganization or liquidation and all related agreements and documents and take any necessary action on its behalf to obtain confirmation of such plan; (i) attend meetings with third parties and participate in negotiations concerning the above matters; (j) appear before this Court, other courts, and the U.S. Trustee, and protect the interests of the Debtor's estate before such courts and the U.S. Trustee; and (k) perform all other necessary and appropriate legal services and provide all necessary legal advice to the Debtor in connection with this Chapter 11 case. The firm will be paid at these hourly rates: David Leibowitz, Attorney $800 Linda Green, Attorney $550 Paralegals $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to filing this case, the Debtor paid the firm an initial retainer of $20,000. Mr. Leibowitz 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 P. Leibowitz, Esq. Law Offices of David P. Leibowitz, LLC 3352 N. Sheffield Avenue Chicago, IL 60657 Telephone: (312) 662-5750 Email: dleibowitz@lakelaw.com 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. FOCUS UTILITY: Hires Singh Law Firm as Bankruptcy Counsel --------------------------------------------------------- Focus Utility Services, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Jaitegh Singh, Esq. and Singh Law Firm, P.A. as its bankruptcy counsel. The firm will render these services: a. advise the Debtor regarding its rights, powers, and duties as a debtor in possession, including the continued management and operation of its business; b. advise the Debtor regarding compliance with the United States Trustee's operating guidelines and reporting requirements, the Bankruptcy Code, the Bankruptcy Rules, and all applicable rules and orders of the Court; c. prepare and prosecute all motions, pleadings, proposed orders, applications, adversary proceedings, and other legal documents necessary or appropriate for the administration of the case; d. protect and advance the Debtor's interests in all matters arising in or related to the case and pending before the Court; and e. represent the Debtor in negotiations with creditors and other parties in interest and in connection with the preparation, filing, and prosecution of a plan of reorganization under Subchapter V of Chapter 11 of the Bankruptcy Code. The firm will be paid at these rates: Attorneys $400 to $650 per hour Paralegals $200 per hour The firm will seek compensation and reimbursement of expenses. The engagement agreement provides for an initial $5,000 refundable security retainer. Singh Law Firm, P.A. is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14) and does not hold or represent an interest adverse to the Debtor or its estate with respect to the matters upon which it is proposed to be retained, according to court filings. The firm can be reached through: Jaitegh Singh, Esq. SINGH LAW FIRM, P.A. 701 Brickell Avenue, Suite 1550 Miami, FL 33131 Telephone: (866) 746-4452 Email: jsingh@singhfirm.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. FORTUNE CIRCLE: Gets Extension to Access Cash Collateral -------------------------------------------------------- Fortune Circle Hotels, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral to fund operations. The court entered its sixth order authorizing Fortune Circle Hotels, an affiliate of Fortune Circle, LLC, to use cash collateral through September 5 to pay the expenses set forth in its budget. The Debtor may exceed budgeted amounts by up to 110%, on a weekly basis, either per line item or in the aggregate. Moreover, the budget may be modified with the prior written consent of Rapid Finance. As adequate protection for any diminution in the value of its interest, Rapid Finance will be granted a post-petition replacement lien on the same type of collateral securing its pre-bankruptcy claims. The replacement lien will retain the priority, validity, and enforceability it held as of the petition date. The order also provides protections for Millennium Bank regarding monthly interest payments of $19,500 due in June and July 2026 under the approved budget. A further hearing is scheduled for September 2. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/DasVi from PacerMonitor.com. Fortune Circle Hotels operates a 75-room Hawthorn Extended Stay by Wyndham hotel in St. Robert, Missouri, under a lease from Fortune Hotel, LLC, which is also in Chapter 11. In 2023, the Debtor obtained a $227,000 business loan from Rapid Finance, which claims a security interest in revenue streams and various personal property. However, the Debtor questions whether Rapid Finance's lien is perfected. About Fortune Circle LLC Fortune Circle, LLC is a real estate company whose primary asset is a hotel property at 239 St. Robert Boulevard in Saint Robert, Missouri. Fortune Circle sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-17508) on November 12, 2025, listing up to $10 million in both assets and liabilities. Syed Hussain, sole member, signed the petition. Judge Timothy A. Barnes oversees the case. William Factor, Esq., at The Law Office of William J. Factor, Ltd., represents the Debtor as bankruptcy counsel. FREEDOM FOREVER: Scraps Sale as CEO Offer Collapses --------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a planned sale hearing in Freedom Forever LLC's Chapter 11 case has been canceled after the bankrupt solar company's CEO failed to reach an agreement with the unsecured creditors' committee on a proposed purchase of the business. The collapse of the insider bid leaves the company's future in doubt. The proposed transaction was intended to move forward under expedited sale procedures approved by the Delaware bankruptcy court. However, after the insider offer was abandoned, the creditors' committee assumed primary authority over the sale process in an effort to attract higher or better bids, according to Law360. Freedom Forever must now consider whether to solicit additional buyers, restructure outside of a sale, or pursue another Chapter 11 strategy. The company continues operating while bankruptcy proceedings remain ongoing, the report states. About Freedom Forever Freedom Forever is a California-based home solar panel installer. Freedom Forever sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10522) on April 15, 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 Curtis S. Miller, Esq. of Morris Nichols Arsht & Tunnell. FTX GROUP: Deal Aims to Return $160MM to Victims of Korean Fraud ---------------------------------------------------------------- Lauren Berg of Law360 Bankruptcy Authority reports that the FTX Recovery Trust has asked a Delaware bankruptcy judge to approve a settlement with the foreign representative of Junho Bang, a South Korean national imprisoned for his role in a cryptocurrency fraud scheme, that would allow more than $160 million tied to FTX accounts to be distributed to victims of the fraud. The agreement is intended to resolve competing claims over the assets while avoiding costly and protracted litigation. Under the proposed settlement, the foreign representative overseeing Bang's Korean insolvency proceedings would receive the FTX distributions and administer them through the Korean court-supervised process for the benefit of creditors and fraud victims. The trust said the compromise would eliminate complex cross-border ownership disputes involving claims linked to Bang's FTX accounts, according to report. The trust argued that the settlement represents the best outcome for creditors by providing a clear path for distributing the funds while reducing litigation costs and uncertainty. If approved, the agreement would resolve one of the largest outstanding disputes involving claims against the collapsed cryptocurrency exchange, the report states. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FTX TRADING: Court Narrows Claims in Binance, et al. Adversary Case ------------------------------------------------------------------- Chief Judge Karen B. Owens of the U.S. Bankruptcy Court for the District of Delaware ruled on the motions to dismiss filed by Binance Holdings Limited, Binance Capital Management Co. Ltd a/k/a Digital Anchor Holdings Limited, Binance Holdings (IE) Limited's, Binance (Services) Holdings Limited, Samuel Wenjun Lim, Dinghua Xiao and Changpeng Zhao in the adversary proceeding captioned as FTX RECOVERY TRUST, FTX DIGITAL MARKETS, LTD., Plaintiffs, v. BINANCE HOLDINGS LIMITED, et al., Defendants, Adv. Pro. No. 24-50222 (KBO) (Bankr. D. Del.). This adversary proceeding arises from the November 2022 chapter 11 bankruptcy cases of FTX Trading Ltd. and its affiliated debtors. FTX Trading was founded in 2019 by Sam Bankman-Fried. It did business as "FTX.com", a global exchange that offered customers the ability to trade cryptocurrencies and related assets. A few years prior to founding FTX Trading, Bankman-Fried co-founded the crypto trading hedge fund, Alameda Research LLC. Defendant Binance was founded around the same time by defendant Changpeng Zhao ("Zhao" or "CZ"). The Binance enterprise is comprised of dozens of corporate entities incorporated in jurisdictions around the world, all of which are owned directly or indirectly by CZ. Today, Binance.com is the largest cryptocurrency trading exchange in the world. The Share Repurchase In 2019, Binance and CZ acquired a 20% equity stake in FTX Trading for $18.3 million. Then, when Bankman-Fried expanded his cryptocurrency business into the United States under the umbrella of parent company West Realm Shires, Inc. ("WRS" and, together with its subsidiaries, "FTX U.S."), Binance and CZ, along with Binance executives Dinghua Xiao ("Xiao") and Wenjun Lim ("Lim") (together, the "Management Defendants") acquired an 18.4% stake in that company for just two dollars. On July 15, 2021, certain FTX executives and a newly created subsidiary of Alameda (Euclid Way Ltd.) agreed to pay a quantity of cryptocurrencies equal to approximately $1.76 billion to repurchase the shares held by Binance, CZ, and the Management Defendants (the "Share Repurchase" or the "Transfer"). It is alleged that Alameda directly funded the Share Repurchase and made the Transfer. Loan agreements were allegedly executed so that Alameda could be repaid by the FTX buyers but nothing was ever paid (or intended to be). The consideration Alameda paid for the Share Repurchase took the form of three cryptocurrencies -- FTT (FTX's native token), BNB (Binance's native token), and BUSD (Binance's stablecoin). The FTT, which is alleged to have been worthless at the time due to FTX's hidden insolvency, was transferred directly to Binance. The BNB and BUSD were transferred from Alameda to Binance using an Alameda-controlled account on the Binance.com exchange. Before the BUSD could be transferred to Binance, it needed to be "minted" and issued by a third-party New York trust maintained by an entity called "Paxos" following the receipt of approximately $721 million of United States dollars from Alameda. In large part due to Bankman-Fried's pervasive and now well-known malfeasance at FTX, the Transfer occurred when FTX was insolvent. A balance sheet prepared just prior shows that Alameda's net asset value was approximately negative $2.7 billion, with liabilities of $9.4 billion. Plaintiffs allege that FTX Trading's second in command, Caroline Ellison, informed Bankman-Fried that Alameda did not have sufficient funds to complete the Share Repurchase. He responded by directing Alameda "borrow" approximately $1 billion of customer deposits from the FTX.com platform. While this "borrowing" had been ongoing, the amount taken for the Share Repurchase was a "significant scaling up". Plaintiffs allege that communications from the time of the Transfer show that Bankman-Fried's goal was to use the Share Repurchase to project confidence and strength to the market, concealing both FTX's underlying insolvency and the fraudulent use of customer deposits. This intent was reflected in an exchange a few days later between Bankman-Fried and a reporter. In response to the reporter's request to "take a look at Alameda's asset breakdown" and the reporter's comments that "profits must be huge," Bankman-Fried responded "the purchase was entirely from Alameda. Yeah, it had a good last year." But of course this was false -- Alameda funded the Share Repurchase using customer deposits "it "borrowed" from FTX Trading. Adversary Proceeding Plaintiffs commenced this adversary proceeding seeking, in Counts I through V of their Complaint, to avoid and recover from all Defendants the Transfer made on account of the Share Repurchase as an actual and constructive fraudulent transfer (the "Fraudulent Transfer Claims"). Plaintiffs seek in Counts VI through IX damages from the Binance Defendants for injuries they caused FTX by the allegedly false or misleading Tweets (the "State Law Claims"). Defendants seek dismissal of the Complaint under Rules 12(b)(1), (2), (4) and (6) of the Federal Rules of Civil Procedure (the "Federal Rules"). They also seek an order compelling arbitration of the Fraudulent Transfer Claims and an order abstaining from the State Law Claims. Failure to State a Claim – Fraudulent Transfer Claims (Counts I-V) Defendants argue that the Court must dismiss the Fraudulent Transfer Claims because the Transfer involved foreign conduct to which the Bankruptcy Code's avoidance and recovery provisions do not apply. Plaintiffs disagree. They submit that the provisions apply to conduct outside the United States but that even if they do not, the Transfer was sufficiently centered in the United States to warrant application of the provisions. Defendants argue that Plaintiffs seek an extraterritorial application of the Bankruptcy Code because "every pertinent part of the 'initial transfer' occurred overseas." In support, Defendants point exclusively to the fact that the Transfer was alleged to have occurred between foreign entities (Alameda Ltd. and the Binance Defendants). In their view, the fact that these parties are all foreign entities conclusively establishes that the Transfer did not occur in the United States. The Complaint alleges multiple times that the Transfer was funded and transferred by "Alameda". "Alameda" is defined by Plaintiffs as "Alameda Research LLC," a crypto trading hedge fund organized under the laws of Delaware (together with Alameda Ltd. and its subsidiaries. There are sufficient facts alleged in the Complaint and known generally to the Court from its administration of the FTX chapter 11 cases to infer for purposes of this initial pleading stage that the subsidiaries of the domestic parent Alameda Research LLC were its alter egos and that together, they operated the Alameda silo of the FTX enterprise. Because Alameda Research LLC is a Delaware entity, it is reasonable to conclude that the Transfer was made by a United States debtor. In addition, Plaintiffs have alleged that Alameda made a substantial portion of the Transfer using an Alameda-controlled account (in the name of Evergreen North Ltd.) on the Binance.com exchange. Binance Limited, d/b/a Binance.com has admitted that the Binance.com exchange did business wholly or in substantial part in the United States and in such a manner that subjected it to regulation under United States law. Notwithstanding an admission that the ownership, control, and location of the Binance.com exchange was intentionally obfuscated through a maze of corporate entities, it has been agreed that a third-party United States company hosted the Binance.com website, stored its data, and operated the exchange platform from the United States. Together, these allegations support the reasonable inference that a United States debtor made the challenged Transfer within the United States. Accordingly, the Court will conclude for this stage of the proceeding that the Transfer occurred domestically. Whether further developed facts and briefing on this issue will support the same finding remains unknown but for now, dismissal of the Plaintiffs' avoidance and recovery claims based on a theory of impermissible extraterritorial application will be denied. Failure to State a Claim – The State Law Claims Plaintiffs contend that the Tweets of Binance and CZ give rise to state law claims for injurious falsehood, fraud, intentional misrepresentation, and unjust enrichment. It is their theory that Binance and CZ sent a series of false, misleading, and fraudulent tweets that were maliciously calculated to destroy CZ's rival FTX, with reckless disregard to the harm that FTX's customers and creditors would suffer. According to Plaintiffs, the Tweets caused a wave of customer withdrawal requests that FTX could not honor and prevented FTX from seeking and obtaining much-needed financing from alternative sources. Plaintiffs seek damages for the destroyed value that would have otherwise been recoverable by FTX's stakeholders. The Court agrees with the Binance Defendants that the claims as alleged are barred by the doctrine of in pari delicto. The Court ruled as follows: 1. Counts I through V of the Complaint against Defendants Lim and Xiao are dismissed. 2. Counts VI through IX of the Complaint against the Binance Defendants are dismissed. 3. The remainder of the relief requested in the Motions is denied. A copy of the Court's Opinion and Order dated July 24, 2026, is available at https://urlcurt.com/u?l=1hVSf5 from Pacermonitor.com. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FULLERS SERVICE: Trustee Taps Foresight as Data Retrieval Engineer ------------------------------------------------------------------ N. Neville Reid, the Chapter 11 trustee for Fuller's Service Center Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Foresight Reconstruction, Inc. as crash data retrieval engineers. Foresight's compensation will be paid at these hourly rates: Principal Engineers $350 Technician $125 Foresight anticipates an equipment fee for the data extraction kit of approximately $3,500. Foresight will remove and analyze the black box and its data from the 2018 Ford Expedition involved in the July 1, 2026 incident as part of the Trustee's ongoing investigation. As disclosed in the court filings, Foresight and all of its employees are disinterested as that term is defined in Section 101(14) of the Bankruptcy Code and used in Section 327(a). The firm can be reached through: John Goebelbecker, PE Foresight Reconstruction, Inc. 5901 Lincoln Ave. Morton Grove, IL 60053 Email: john@foresightrecon.com Phone: (773) 218-5857 About Fuller's Service Center Inc. Fuller's Service Center, Inc. operates a car wash and automotive repair business in Hinsdale, Illinois. Fuller's Service Center sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-01345) on January 29, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Douglas A. Fuller Jr., president of Fuller's Service Center, signed the petition. Judge Deborah L. Thorne oversees the case. N. Neville Reid, the Chapter 11 trustee appointed in the Debtor's case, tapped Fox, Swibel, Levin & Carroll, LLP as general bankruptcy counsel; Commercial Recovery Associates, LLC as financial advisor; and Ravinia Capital, LLC as investment banker. Heartland Bank & Trust Company, as secured creditor, is represented by Michael A. O'Brien, Esq. at O'Brien Law Offices, P.C. FUTURE LEGENDS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Future Legends, LLC 4558 Sherman Oaks Ave. Sherman Oaks, CA 91403 Business Description: Future Legends operates a sports complex in Windsor, Colorado, hosting youth and adult tournaments, leagues, camps, clinics, competitions, and community events. Established in 2021, it provides indoor and outdoor facilities supporting sports such as baseball, softball, soccer, volleyball, lacrosse, football, basketball, futsal, and pickleball. The complex also provides performance-training facilities and coordinates lodging, transportation, and other travel accommodations for certain tournaments. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26c-11607 Judge: Hon. Victoria S Kaufman Debtor's Counsel: Jeff Katofsky, Esq. KATOFSKY LAW 4558 Sherman Oaks Ave. Sherman Oaks, CA 91403 Tel: 818-990-1475 E-mail: jeff@katofskylaw.com Estimated Assets: $100 million to $500 million Estimated Liabilities: $100 million to $500 million The petition was signed by Jeff Katofsky as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ACT3OZQ/Future_Legends_LLC__cacbke-26-11607__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. CPI Creative merch $40,800 336 1st Street Pittsburgh, PA 15215 Contact: Drew Philip Tel: 412 782 2675 Email: drew@cpicreative.com 2. Levy Food Service Contract $2,500,000 7000 Las Vegas Blvd N Las Vegas, NV 89101 Contact: Alissa Castaneda Tel: 602 735 2704 Email: casaneda.alissa@dorsey.com 3. Fox Rothschild LLP Legal Fees $1,600,000 1225 17th Street Suite 2200 Denver, CO 80202 Contact: Pat Casey Tel: 303 383 7643 Email: pcasey@foxrothschild.com 4. Howie Ehrlich Loan $1,500,000 8435 Rushing Creek Ct Springfield, VA 22153 Tel: 301 204 5697 Email: howie@legaluxpllc.com 5. Lumen Contract Services $1,500,000 PO Box 910182 Denver, CO 80291 0182 6. Town of Windsor Utility Utility $350,000 PO Box 837 Gretna, NE 68028 0837 7. Farzam Sabhoui Loan $275,000 4558 Sherman Oaks Ave. Sherman Oaks, CA 91403 Tel: 818 335 4588 Email: robin@apollowireless.com 8. E Net Capital LLC Loan Fee $35,000 254 Route 17K Newburgh, NY 12550 9. Harmony Suites LLC Services $35,000 2921 E. Harmony Fort Collins, CO 80528 10. Royalty Coach Charters Services $165,000 1025 Smithfield Drive Fort Collins, CO 80524 Contact: Shane Belcher Tel: 970 235 0690 11. Mark Grossman Loan $150,000 1365 Overbrook Rd #1 Richmond, VA 23220 Email: mark@monumentsports.com 12. Pinnacol Assurance Insurance $32,000 PO Box 561434 Denver, CO 80256 1434 13. Best Bath Systems Construction $125,000 723 Garber St Caldwell, IL 83605 14. Comcast 3432 Utility $100,000 PO Box 60533 City of Industry, CA 91716 15. Checkmark Commercial Cleaning Services $82,000 1730 Ticonderoga Drive Fort Collins, CO 80525 16. Anthem Blue Cross & Blue Shield Insurance $80,000 PO Box 51011 Los Angeles, CA 90051 17. Dean Contracting Inc. Construction $63,000 4900 Goodman Street Timnath, CO 80547 18. Ashley Todd Labor $45,000 20995 E Avenida Del Valle Queen Creek, AZ 85142 19. Ryan Spilborghs Loan $45,000 8389 Stoll Pl Denver, CO 80238 Tel: 805 698 2294 Email: rspilborhs19@gmail.com 20. PUMA North America Inc. merch $41,000 PO Box 74007020 Chicago, IL 60674 FUTURE LEGENDS: Initiates Chapter 11 Bankruptcy in California ------------------------------------------------------------- Bizwest reports that Future Legends LLC, owner of the Future Legends Sports Complex in Windsor, Colorado, has entered Chapter 11 bankruptcy as the ownership group makes a second effort to restructure debt tied to the large mixed-use sports and entertainment project. The petition was filed in the U.S. Bankruptcy Court for the Central District of California. The company reported estimated assets of $100 million to $500 million and estimated liabilities in the same range. Court filings indicate that unsecured creditors are expected to receive distributions while the debtor remains in possession and continues operating the sports complex during the bankruptcy case, the report states. The multi-sport development was created to host youth tournaments, amateur competitions, concerts, and community events, but the project has encountered financial setbacks stemming from high construction costs, financing difficulties, and ongoing disputes with creditors. Those challenges have led the ownership group to pursue another court-supervised restructuring, according to Bizwest. Through the Chapter 11 process, Future Legends intends to reorganize its financial obligations while maintaining day-to-day operations. The company hopes the restructuring will preserve the complex, improve its financial position, and allow the project to continue serving athletes, visitors, and the surrounding community, the report relays. About Future Legends, LLC Future Legends, LLC is a Sherman Oaks, California-based owner and operator of a multi-sport and events complex. The company develops and manages large-scale sports, entertainment, and recreational facilities designed to host athletic competitions, community events, and related activities. Future Legends, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11607) on July 27, 2026. In its petition, the debtor reported estimated assets of $100 million to $500 million and estimated liabilities of $100 million to $500 million. Honorable Bankruptcy Judge Victoria S. Kaufman is overseeing the case. The debtor is represented by Jeff Katofsky, Esq. GETTY IMAGES: Creditors Near Cooperation Deal Prior to Debt Talks ----------------------------------------------------------------- Reshmi Basu of Bloomberg News reports that some of Getty Images Holdings Inc.'s lenders are finalizing a cooperation pact that would commit them to act together during expected capital structure negotiations with the company, according to people familiar with the discussions. The agreement has reportedly drawn broad participation and remains open to additional lenders. The creditor group has enlisted Houlihan Lokey Inc. for financial advice and Gibson, Dunn & Crutcher LLP for legal representation as it prepares for talks with the company. The coordinated approach is intended to streamline negotiations and present a unified creditor position, the report states. Getty has retained Guggenheim Securities LLC and Simpson Thacher & Bartlett LLP to advise on potential restructuring and financing strategies. The company continues to evaluate ways to manage its debt obligations amid ongoing pressures affecting its capital structure, according to Bloomberg. The formation of organized creditor groups on both sides marks another step toward possible restructuring negotiations, although no bankruptcy filing or definitive transaction has been announced. Investors will be watching closely to see whether Getty can negotiate an out-of-court solution or ultimately pursue a more comprehensive financial restructuring, the report cites. About Getty Images Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first place people turn to discover, purchase and share powerful visual content from the world's best photographers and videographers. Getty Images works with almost 600,000 content creators and more than 355 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography. Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for. GIBSON INC: S&P Alters Outlook to Stable, Affirms 'B-' ICR ---------------------------------------------------------- S&P Global Ratings revised its outlook to stable from negative on U.S.-based Gibson Inc. S&P also affirmed its 'B-' issuer credit rating on Gibson. S&P said, "Furthermore, we affirmed our 'B-' issue-level rating on the company's $300 million first-lien term loan ($283 million outstanding) maturing in August 2028. We reevaluated the company's enterprise value at emergence and raised the value to $211 million from $187 million, reflecting anticipated EBITDA growth. We also revised our recovery rating to '3' from '4', indicating our expectations for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a payment default. "The stable outlook reflects our expectation Gibson will increase sales and EBITDA over the next 12 months as demand for its guitars improves. It also reflects our expectation Gibson will generate at least breakeven FOCF and maintain EBITDA interest coverage of at least 1.5x." Gibson Inc.'s first quarter results ended June 30, 2026 showed improved demand compared to a challenging 2026 in which S&P Global Ratings-adjusted EBITDA declined 30% because of tariff-related volatility. S&P said, "We expect revenue and EBITDA to grow in fiscal 2027 (ending March 31, 2027) as tariffs on Chinese imports stabilize at lower levels, increasing demand for guitars and related equipment. We forecast S&P Global Ratings-adjusted leverage improving to 6.0x from 7.2x last year, with EBITDA interest coverage of about 1.7x and about breakeven free operating cash flow (FOCF)." Gibson's operating performance will improve in fiscal 2027 as volumes recover. S&P said, "We now expect revenue and EBITDA to grow over the next 12 months as tariff-related uncertainties have eased and customer demand has improved. We expect volumes to drive sales growth in 2027, along with modest price increases, as imports from China resume and ordering patterns normalize among its distributors and smaller mom-and-pop guitar dealers, which had reduced volumes last year to maintain leaner inventories." First-quarter sales increased 11% to $97 million and S&P Global Ratings-adjusted grew about $10 million, improving last-12-months S&P Global Ratings-adjusted leverage to 6x from 7.2x at fiscal-year-end 2026. For the full year, S&P forecasts revenue growth of 7% to $410 million followed by low-single-digit percent growth in fiscal 2028, reflecting the recovery in volumes and overall favorable demand for Gibson guitars. This is modestly weaker than fiscal 2025 sales (prior to the tariff disruptions) because consumers may defer discretionary spending this year because of higher inflation from the war in the Middle East. EBITDA growth will be partially offset by cost headwinds in fiscal 2027. S&P Global Ratings-adjusted leverage should improve to 6x and EBITDA interest coverage to 1.7x in fiscal 2027 due to S&P Global Ratings-adjusted EBITDA growing 17% in fiscal 2027. However, S&P forecasts EBITDA to remain below fiscal 2025 EBITDA (pre-tariff disruptions) because of higher labor and production costs, foreign exchange headwinds from a stronger dollar, greater input cost inflation, and operating expenses, including selling general and administrative (SG&A) and R&D, to sustain growth. Necessary growth capital expenditure constrains margins and cash flow. Gibson's ability to meaningfully increase sales and EBITDA beyond current levels hinges on improving operating efficiency, including increasing production output at its manufacturing facilities. Even as orders exceed available supply, manufacturing constraints limit Gibson's ability to grow sales and benefit from operating leverage. S&P said, "Gibson's recent production improvement efforts have focused on processes, which has increased labor costs, although we now expect the company to increase capex to about $17 million in fiscal 2027 and in fiscal 2028 as well. However, Gibson's small scale, high debt-service costs, and working capital needs hinder its ability to fund these improvements quickly. "We therefore expect Gibson to spread growth capex over the next several years to make necessary improvements to maintain positive FOCF. As a result, we forecast only modest margin expansion and limited cash flow growth over the next two years. "We assess liquidity as adequate. Gibson ended the first quarter with about $49 million of cash and an undrawn asset-based lending (ABL) facility. While we anticipate Gibson to generate positive FOCF in fiscal 2027, we expect FOCF will decline to breakeven from $9 million in fiscal 2026 due to greater capex and minimal working capital outflows. Given limited FOCF and cash outflows for principal debt amortization, we anticipate cash to remain at about $50 million at year end. We expect its ABL to remain undrawn through the year (maturity extended to May 2028 from September 2027)." Lastly, Gibson's term loan will become current in August 2027. Given current market interest rates, interest expense will likely increase if it refinances its term loan over the near term. Gibson is sensitive to high profit volatility during economic downturns. S&P's rating on Gibson incorporates the potential for EBITDA to decline during weaker macroeconomic periods and increase when economic conditions improve. Its sales tend to be cyclical as consumers generally defer discretionary spending when inflation is high or trade down to the used guitar market during periods of economic stress. Given its history of profitability volatility, an upgrade would require Gibson to demonstrate stronger EBITDA and cash flow to be able to withstand declines during weaker economic conditions and maintain credit metrics and cash flow commensurate with a higher rating. S&P said, "The stable outlook reflects our expectation Gibson will increase sales and EBITDA over the next 12 months as demand for guitars improves. It also reflects our expectation Gibson will generate at least breakeven FOCF and sustain EBITDA interest coverage of at least 1.5x. "We could lower the rating if Gibson's capital structure becomes unsustainable, including EBITDA interest coverage declining below 1.5x with consistently negative FOCF constraining liquidity." This could occur if: -- Discretionary spending on premium guitars and professional audio products falls due to weak macroeconomic conditions or changing consumer behavior; -- Competition rises, including from the used guitar market, and Gibson loses market share; -- Input cost inflation, tariffs, foreign exchange headwinds, or elevated labor costs reduce profitability; -- Greater spending on capex to grow the business does not translate into sustainable profit growth, pressuring FOCF; and -- The company faces challenges refinancing its upcoming term loan maturity. While unlikely over the next 12 months, S&P could raise its rating if leverage remains comfortably below 6.5x while sustaining EBITDA interest coverage above 2.0x and generating positive reported FOCF even in weaker economic conditions. This could occur if: -- It improves its operating performance such that it grows revenue, EBITDA, and margins on a sustained basis; and -- Demand for Gibson's products remains relatively favorable even in weak economic conditions. GLOBAL ALARM: Court Narrows Claims in Vanowen Lawsuit ----------------------------------------------------- In the appeal styled VANOWEN REAL ESTATE PARTNERS, Plaintiff and Appellant, v. GLOBAL ALARM PROTECTION et al., Defendants and Respondents, B324647 c/w B328220 (Cal. Ct. App.), Judges Gonzalo C. Martinez, Gail Ruderman Feuer and Natalie Stone of the COURT OF APPEAL OF THE STATE OF CALIFORNIA SECOND APPELLATE DISTRICT affirmed in part, reversed in part, and remanded the Superior Court of Los Angeles County's judgment with respect to the contracts Global Alarm Protection (Global) entered into with Vanowen Real Estate Partners (Vanowen) and Security Systems, Inc., dba Safe Home (SSI). Global is a California corporation that sold and installed alarm systems to residential and commercial customers. Maritza Aguilar and Louis Fizli are the CEO and COO of Global, respectively. SSI is a Connecticut corporation that provides monitoring and other services for alarm systems and does business in the State of California. Vanowen is a real estate investor and lender based in California. Its general partners are George Kalman and Allan E. Wolf, Jr. In July 2014, Global and SSI entered into an informal dealer agreement under which Global sold its alarm contracts to SSI. The dealer agreement between them was reduced to a writing on December 18, 2014. Paragraph 3 of the dealer agreement provided that SSI would pay Global "the purchase price, minus the holdback amount" for each customer contract. The holdback amount, set at 8 percent of the purchase price of each contract, insulated SSI from defaults on the contracts. The dealer agreement also contained a backend bonus provision under which SSI paid Global bonuses depending on the number of alarm contracts it sold to SSI. On October 18, 2016, Vanowen sued Global, Fizli, Aguilar, and SSI. Vanowen's operative complaint alleged nine causes of action: breach of contract, accounting, declaratory relief, intentional misrepresentation, negligent misrepresentation, unfair business practices, money had and received, fraudulent conveyance, and breach of oral agreement. Global and SSI filed cross-complaints against one another alleging breach of contract and indemnity causes of action. The parties stipulated to appoint a referee to determine certain issues. The referee primarily conducted an accounting of the money due from SSI for holdback amounts as well as the backend bonus. The issue of who was entitled to the holdback amounts and backend bonus, among other things, was left to the trial court. The referee conducted an accounting over six days from June to August 2021. The referee found the amount in the holdback fund to be $385,896.24 and the amount of the backend bonus to be $210,746.80. The trial court adopted the referee's conclusions as to these amounts. It was Global's position at trial that SSI breached the dealer agreement. Global claimed SSI owed it money for the backend bonus and the holdback fund as well as damages for other violations of the dealer agreement. Global also argued it and Vanowen operated under an informal oral agreement that was unenforceable under the statute of frauds because it could not be performed within one year. Fizli denied signing the assignment agreement with Vanowen and asserted the signature on the assignment agreement was a forgery. Global further argued the assignment agreement failed for lack of consideration. SSI argued Global breached and repudiated the dealer agreement and was required to indemnify it. SSI further argued it was not a party to the assignment agreement between Vanowen and Global because no one from SSI ever signed that agreement and thus Vanowen had not met its burden of proof against SSI. After a bench trial, the court found in favor of Vanowen against Global but found Vanowen had failed to prove its causes of action against SSI. In its statement of decision the court found that Global had repudiated the dealer agreement with SSI by June 30, 2016. SSI had told Global by then that it would increase the holdback amount due to the high number of defaults, and Global decided to stop selling any customer accounts to SSI. Applying Connecticut law, the court found that once Global repudiated the dealer agreement, SSI was not required to perform in order to enforce the contract, and Global was not entitled to demand performance. Nevertheless, Global was entitled to recover the unpaid holdback amounts and backend bonus after significant offsets of amounts owed by Global to SSI. As between Vanowen and Global, the court found the assignment agreement to be valid. It did not find credible Fizli's claim that his signature on the assignment agreement was forged. The court found Vanowen was entitled to receive the holdback payments owed by SSI to Global. The court also found that Vanowen was not entitled to the backend bonus because that assignment was invalid for two independent reasons: (1) the dealer agreement did not allow Global to assign the rights to the backend bonus to anyone; and (2) SSI was required to, but did not, execute the assignment agreement. The court found SSI was not liable to Global for attorney fees or costs and that SSI was not required to indemnify Global. The court awarded SSI attorney fees and costs against Global as provided by the dealer agreement. The trial court entered judgment, in pertinent part, directing SSI to pay to Vanowen the amount of $385,896.24, the holdback amount owed to Global. The judgment further awarded to Global the backend bonus amount of $210,746.80 due to Global from SSI, which was offset by amounts Global owed to SSI. The court also subsequently awarded attorney fees and costs to Vanowen and SSI. Vanowen appealed from the judgment, contending the trial court erred when it awarded Global certain contractual bonus amounts owed to Global by SSI but which Global assigned to Vanowen. Vanowen also contends it is entitled to recover its costs and attorney fees from SSI as the prevailing party. In the same judgment, the trial court also resolved claims between Vanowen and Global, from which Global filed a cross-appeal. While this appeal was pending, Vanowen and Global's principals reached a stipulated settlement while the claims between Global and Vanowen were resolved in bankruptcy court. Fulfilling a condition of the settlement, Vanowen filed a motion for a stipulated reversal. It requested the entry of a partial reversal of the judgment and an award of additional prejudgment interest of $187,990.38 and postjudgment attorney fees in the sum of $28,116.81, in favor of Vanowen and against Fizli and Aguilar as well as immediate issuance of the remittitur as to that portion of the appeal involving Vanowen and Fizli and Aguilar. The panel holds, "Although we accept the settling parties' stipulated reversal, we deny the request for immediate issuance of the remittitur because SSI is not a party to the stipulation. Immediate issuance of the remittitur would cut off Vanowen's and SSI's ability to seek rehearing in this court or to file a petition for review with the Supreme Court as to the claims between them. The judgment is affirmed in part, reversed in part, and remanded to the trial court. On remand, the trial court is directed to enter a new judgment reflecting an additional award of prejudgment interest in the amount of $187,990.38 and postjudgment attorney fees in the amount of $28,116.81, in favor of Vanowen and against Fizli and Aguilar. The judgment is otherwise affirmed. SSI may recover its costs on appeal." A copy of the Court's Opinion dated July 15, 2026, is available at https://urlcurt.com/u?l=mXIz5m About Global Alarm Protection Global Alarm Protection filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-18117) on Dec. 7, 2023, with $1 million to $10 million in both assets and liabilities. Louis Fizli, chief operating officer, signed the petition. Judge Sandra R. Klein oversees the case. The Debtor tapped RHM Law, LLP as bankruptcy counsel and Donald T. Fife, CPA, at Han Fife & Co, LLP as tax expert. GOLDEN LAKE: Case Summary & 11 Unsecured Creditors -------------------------------------------------- Debtor: Golden Lake Group, Inc. 372 Voters Road Slidell, LA 70461-3521 Business Description: Golden Lake Group, Inc., formerly known as Huiana Lake Group Inc., owns and operates the Holiday Inn Hotel & Suites Slidell at 372 Voters Road in Slidell, Louisiana. The property is a full-service hotel offering guest accommodations, a restaurant and bar, meeting facilities, an indoor pool, a fitness center and related amenities. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court Eastern District of Louisiana Case No.: 26-11855 Debtor's Counsel: Michael E. Landis, Esq. LUGENBUHL, WHEATON, PECK, RANKIN & HUBBARD 601 Poydras Street, Suite 2775 New Orleans, LA 70130 Tel: (504) 568-1990 Fax: (504) 310-9195 E-mail: bkadden@lawla.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million Chenglun Huang signed the petition as owner. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Q7SGW2A/Golden_Lake_Group_Inc__laebke-26-11855__0001.0.pdf?mcid=tGE4TAMA GOOD MORNING DENTAL: Scott Rever Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Scott Rever, Esq., at Genova Burns, LLC as Subchapter V trustee for Good Morning Dental, LLC. Mr. Rever will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rever declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott S. Rever, Esq. Genova Burns LLC 110 Allen Rd., Suite 304, Basking Ridge, NJ 07920 Telephone: (973) 387-7801 Email: Rever@genovaburns.com 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. It 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 sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. 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., at Clear Path Law, LLC. GOOD MORNING: Case Summary & Six Unsecured Creditors ---------------------------------------------------- Debtor: Good Morning Dental LLC 218 Main Street, 4th Floor Hackensack, NJ 07601 Business Description: Good Morning Dental LLC operates a dental practice providing care to patients of all ages, including cosmetic dentistry, orthodontic treatment, implant dentistry, and treatment for temporomandibular joint disorders and sleep apnea. The company employs dental professionals, hygienists, and administrative personnel to support its daily operations and patient services. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-18147 Judge: Hon. Stacey L. Meisel Debtor's Counsel: David Stevens, Esq. CLEAR PATH LAW, LLC 2 University Plaza, Suite 400 Hackensack, NJ 07601 Tel: (973) 945-5962 E-mail: dstevens@clearpath.law Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Soo R. Kang as president. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Z4MQJ7Y/Good_Morning_Dental_LLC__njbke-26-18147__0001.0.pdf?mcid=tGE4TAMA GREENE P: Commences Chapter 11 Bankruptcy in New York ----------------------------------------------------- On July 23, 2026, Greene P. Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of New York, Brooklyn Division. According to court filings, the Brooklyn, New York-based residential real estate company reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million, with between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on August 24, 2026 at 01:00 PM at Zoomgov - Sussman: Zoom.us/join, Meeting ID 165 704 87664, Passcode 8637233185, Phone 1 202 810-2172. About Greene P. Inc. Greene P. Inc. is a Brooklyn, New York-based lessor of residential buildings and dwellings. Court filings identify the company as a single asset real estate business. Property records indicate the company owns the residential brownstone at 66 Fort Greene Place, Brooklyn, where it manages luxury rental units, including a triplex that was recently marketed for $15,000 per month. Greene P. Inc. sought relief under Chapter 11 Small Business of the U.S. Bankruptcy Code (Bankr. Case No. 26-43517) on July 23, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Elizabeth S. Stong handles the case. The Debtor is represented by Julio E. Portilla, Esq., of Law Office Julio E. Portilla, P.C. GREENWAVE TECHNOLOGY: Narrows Net Loss to $1.5 Million in Q1 ------------------------------------------------------------ Greenwave Technology Solutions, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the quarter ended March 31, 2026, reporting a net loss available to common stockholders of $1,504,544, compared to a net loss of $7,665,703 during the same period in 2025. For the three months ended March 31, 2026, the Company generated $16,275,981 in revenues, compared to $7,333,710 during the same period in 2025, an increase of $8,942,271. The increase was comprised of an increase in metal revenue from $4,397,545 during the three months ended March 31, 2025 to $14,130,462 during the three months ended March 31, 2026. This was partially offset by a decrease in hauling revenue from $2,912,165 during the three months ended March 31, 2025 to $2,126,321 during the three months ended March 31, 2026, and a decrease in other revenue from $24,000 to $19,198. Cost of revenues increased to $9,461,097 for the three months ended March 31, 2026 from $3,847,047 during the same period in 2025, primarily due to the increase in revenues and the costs of rapid scaling. The increase consisted of higher metal scrap cost of revenues, partially offset by lower hauling cost of revenues. Gross profit increased to $6,814,884 during the three months ended March 31, 2026 from $3,486,663 during the same period in 2025, primarily due to increased metal scrap gross profits, partially offset by lower hauling gross margins. Operating Expenses Operating expenses increased to $7,888,152 for the three months ended March 31, 2026 from $7,368,170 during the same period in 2025, an increase of $519,982. Payroll and related expenses increased to $2,496,509 from $1,974,485 as a result of expanding operations. Depreciation and amortization increased to $2,201,674 from $2,119,243 due to the acquisition of additional fixed assets. Hauling and equipment maintenance costs increased to $1,483,527 from $1,273,857 due to the expansion of the Company's truck fleet. These increases were partially offset by lower advertising expenses, consulting, accounting and legal expenses, stock-based compensation, and other general and administrative expenses. Loss from Operations Loss from operations was reduced to $1,073,268 during the three months ended March 31, 2026, from $3,881,507 during the same period in 2025. Other Income (Expense) Other expenses totaled $431,276 during the three months ended March 31, 2026, compared to $784,232 during the same period in 2025. Interest expense and amortization of debt discount decreased to $430,352 from $810,853 during the prior-year period. Deemed Dividend During the three months ended March 31, 2026, there was no deemed dividend related to the reduction of the exercise price of warrants, compared to $2,999,964 during the same period in 2025. Liquidity and Capital Resources Net cash provided by operating activities was $1,318,528 for the three months ended March 31, 2026, compared to $4,161,414 during the same period in 2025. Operating cash flows reflected a net loss of $1,504,544, depreciation and amortization of $2,201,674, an increase in amounts due to related parties of $1,238,857, a decrease in prepaid expenses of $394,075, interest and amortization of debt discount of $430,352, and changes in working capital, including higher accounts receivable and inventories and lower accounts payable and accrued expenses. Net cash provided by investing activities was $25,000 during the three months ended March 31, 2026, compared to $58,500 during the same period in 2025. During 2026, the Company used $65,000 to purchase equipment and received $90,000 from the disposal of assets. Net cash used in financing activities was $816,415 during the three months ended March 31, 2026, compared to net cash provided by financing activities of $7,145,205 during the same period in 2025. During 2026, financing cash flows consisted primarily of reductions in bank overdrafts and repayment of non-convertible notes. As of March 31, 2026, the Company had cash on hand of $1,462,876. The Company currently has no external sources of liquidity, such as arrangements with credit institutions, that will have or are reasonably likely to have a current or future effect on its financial condition or immediate access to capital. Going Concern and Management's Liquidity Plans As of March 31, 2026, the Company had cash of $1,462,876, a working capital deficit of $(17,967,325), and an accumulated deficit of $(522,414,972). For the three months ended March 31, 2026, the Company reported a loss from operations of $1,073,268. These conditions raise substantial doubt about the Company's ability to continue as a going concern within the next 12 months. If the Company raises additional funds by issuing equity securities, stockholders would experience dilution. Additional debt financing, if available, may involve covenants restricting operations or the ability to incur additional debt. Any additional debt financing or equity financing may contain unfavorable terms and require significant debt service payments, which could divert resources from other activities. The Company's ability to raise additional capital will be impacted by market conditions and the price of its common stock. Accordingly, the accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the unaudited condensed consolidated financial statements do not necessarily represent realizable or settlement values. The unaudited condensed consolidated financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/4wh7hyvh About Greenwave Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc., is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system. New York, NY-based RBSM LLP, the Company's auditor since 2017, issued a "going concern" qualification in its report dated June 12, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has net loss, has generated negative cash flows from operating activities, has an accumulated deficit and has stated that substantial doubt exists about Company's ability to continue as a going concern. As of March 31, 2026, the Company had $53,925,543 in total assets, $29,493,127 in total liabilities, and $24,432,416 in total stockholders' equity. GRUPO ANTOLIN: Noteholders Want Chapter 15 Transferred or Tossed ---------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that noteholders opposing the restructuring of Grupo Antolin's U.S. affiliates have asked a New York bankruptcy judge to deny Chapter 15 recognition, arguing that the foreign insolvency proceedings are incompatible with the protections afforded by the U.S. Bankruptcy Code. The creditors say the cases should not be enforced in the United States because they undermine fundamental bankruptcy principles. The objection alleges that the restructuring unfairly limits creditor rights and fails to provide sufficient procedural safeguards for affected noteholders. The investors argue that Chapter 15 recognition should be withheld where a foreign proceeding conflicts with U.S. public policy or produces inequitable treatment of creditors, the report cites. Grupo Antolin has sought recognition to support its cross-border restructuring and coordinate insolvency proceedings involving its international operations. The court's decision could determine whether the Spanish restructuring receives the protections and enforcement mechanisms available under U.S. bankruptcy law, according to report. About Grupo Antolin-Irausa, S.A.U. Headquartered in Burgos, Spain, Grupo Antolin-Irausa, S.A.U. is a leading global supplier of automotive interior components, including overhead systems, door modules, lighting and cockpit/instrument panel components. The company generated reported sales of around EUR3.7 billion in 2025 and is owned by the Antolín family. Grupo Antolin operates a global footprint of plants across Europe, the Americas, Asia and Africa, and supplies the world's major OEMs. Grupo Antolin-Irausa, S.A.U. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11714) on July 20, 2026. Honorable Bankruptcy Judge Shireen A. Barday handles the case. The Debtor is represented by Kirkland & Ellis LLP. Cristina Blanco Santo Tomas is the Debtor's foreign representative. GVO PARTNERS: Hires Force Ten Advisors LLC as Financial Advisor --------------------------------------------------------------- GVO Partners, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Force Ten Advisors, LLC as financial advisor. The firm's services include: (a) assisting in the formulation and preparation of financial projections, proforma budgets, supporting financial statements, key assumptions, and related methodology; (b) performing appropriate financial analysis and evaluation of the Debtors' operations; (c) providing periodic reporting to the Board of Directors and other parties as appropriate; (d) assisting in negotiations with creditors to restructure, compromise, or otherwise resolve the Debtors' liabilities; (e) assisting legal counsel and the Debtors in connection with any court filings or proceedings; and (f) such other tasks as may be mutually agreed upon by Force 10 and the Debtors. As used herein, the services described in this Motion are approved solely as they relate to the Debtors identified in the above captioned Chapter 11 Cases, and this retention does not extend to any other affiliate, entity, or matter. Force 10's customary hourly rates are: Partners $895 to $995 Managing Directors and Directors $595 to $795 Managers, Senior Associates, $395 to $595 Associates, and Analysts Other Staff $295 to $395 Force 10 received retainers from the Debtors totaling $225,000. Nicholas Rubin, a partner Force Ten 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: Nicholas Rubin Force Ten Partners 5271 California Ave., Suite 270 Irvine, CA 92617 Phone: (949) 357-2364 Fax: (949) 633-1628 Email: nrubin@force10partners.com About GVO Partners LLC GVO Partners LLC is a healthcare-focused investment firm specializing in the medical aesthetics sector. The company partners with medical spas, cosmetic dermatology clinics, and plastic surgery practices, providing growth capital and operational support to help businesses scale and improve profitability. GVO Partners LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10976) on June 16, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $10 million and $50 million. The Debtor is represented by Thomas Joseph Francella, Jr., Esq. of Raines Feldman Littrell LLP. GVO PARTNERS: Hires Raines Feldman Littrell as Bankruptcy Counsel ----------------------------------------------------------------- GVO Partners, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Raines Feldman Littrell LLP as their attorneys. The firm's services include: a. advising the Debtors with respect to their powers and duties as debtors in possession in the continued management and operation of their business and properties; b. advising and consulting on the conduct of these Cases, including all of the legal and administrative requirements of operating in Chapter 11; c. attending meetings and negotiating with representatives of creditors and other parties in interest; d. taking all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; e. preparing pleadings in connection with these Cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; f. representing the Debtors in connection with obtaining authority to obtain postpetition financing, if required; g. advising the Debtors in connection with any potential sale of assets; h. appearing before the Court and any appellate courts to represent the interests of the Debtors' estates; i. advising the Debtors regarding tax matters; j. taking any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and k. performing all other necessary legal services for the Debtors in connection with the prosecution of these Cases, including: (i) analyzing the Debtors' leases and contracts and the assumption and assignment or rejection thereof; (ii) analyzing the validity of any liens against the Debtors; and (iii) advising the Debtors on corporate and litigation matters. The firm's current standard hourly rates are: Partners/Senior Attorneys $840 to $1095 Associates $525 to $595 Paraprofessionals $425 to $480 Prior to the Petition Date, the Debtors made a series of retainer payments to RFL in the total sum of $625,000. The following is provided in response to the request for additional information set forth in Paragraph D.1. of the Revised UST Guidelines. a. Question: Did RFL agree to any variations from, or alternatives to, RFL's standard billing arrangements for this engagement? Answer: No. RFL and the Debtors have not agreed to any variations from, or alternatives to, RFL's standard billing arrangements for this engagement. The rate structure provided by RFL is appropriate and is not significantly different from (a) the rates that RFL charges for other non-bankruptcy representations or (b) the rates of other comparably skilled professionals. b. Question: Do any of the RFL professionals in this engagement vary their rate based on the geographic location of the Debtors' Chapter 11 cases? Answer: No. The hourly rates used by RFL in representing the Debtors are consistent with the rates that RFL charges other comparable Chapter 11 clients, regardless of the location of the Chapter 11 case. c. Question: If RFL has represented the Debtors in the 12 months prepetition, disclose RFL's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If RFL's billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: RFL's current hourly rates for services rendered on behalf of the Debtors range as follows: Partners/Senior Attorneys $840 to $1095 Associates $525 to $595 Paraprofessionals $425 to $480 RFL represented the Debtors from March 12, 2026 using the hourly rates listed below: Partners/Senior Attorneys $840 to $1095 Associates $525 to $595 Paraprofessionals $425 to $480 d. Question: Have the Debtors approved RFL's budget and staffing plan, and, if so, for what budget period? Answer: Yes, for the period from June 16, 2026. Raines Feldman Littrell LLP is a "disinterested person" within the meaning of 11 U.S.C. Secs. 327(a) and 101(14), according to court filings. The firm can be reached through: Thomas J. Francella, Jr., Esq. Mark W. Eckard, Esq. RAINES FELDMAN LITTRELL LLP 824 North Market Street, Suite 805 Wilmington, DE 19801 Phone: (302) 772-5803 Email: tfrancella@raineslaw.com Email: meckard@raineslaw.com About GVO Partners LLC GVO Partners LLC is a healthcare-focused investment firm specializing in the medical aesthetics sector. The company partners with medical spas, cosmetic dermatology clinics, and plastic surgery practices, providing growth capital and operational support to help businesses scale and improve profitability. GVO Partners LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10976) on June 16, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $10 million and $50 million. The Debtor is represented by Thomas Joseph Francella, Jr., Esq. of Raines Feldman Littrell LLP. HANSEN-MUELLER CO: Taps Lutz & Company as 401K Plan Auditor ----------------------------------------------------------- Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ Lutz & Company, P.C. as its auditor for its 401K retirement plan. The firm will performing a required audit in accordance with Section 103(a)(3)(C) of the Employee Retirement Income Security Act of 1974 (ERISA) and report on the financial statements of Debtor's 401(k) Retirement Plan, an employee benefit plan subject to ERISA that is sponsored by Debtor. Lutz's fees are estimated to be $12,500, plus out-of-pocket expenses. Hours incurred will be at minimum standard hourly rates $180/hour, maximum standard hourly rate of $495/hour, minimum consulting rate of $215/hour, maximum consulting rate of $580/hour. In addition, the firm will seek reimbursement for expenses incurred. Kyle Hofeldt, an audit director at Lutz & Company, 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: Kyle Hofeldt Lutz & Company, PC 13616 California St., Suite 300 Omaha, NB 68154 About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen PC, LLO as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. HARVANA GRILL: Case Summary & 18 Unsecured Creditors ---------------------------------------------------- Debtor: Havana Grill Group MVC, Inc 1652 Camino Del Rio North FS19 San Diego, CA 92117 Business Description: Havana Grill operates Cuban restaurants in San Diego, California, with locations in Clairemont Mesa and Mission Valley. The company provides dine-in, takeout, delivery, and catering services and serves Cuban dishes, coffee, desserts, and cocktails. It also offers online ordering and table reservations and states that it uses organic ingredients, naturally raised meats, and non-GMO cooking oils. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court Southern District of California Case No.: 26-03190 Judge: Hon. Christopher B Latham Debtor's Counsel: Andrew H. Griffin, III, Esq. LAW OFFICE OF ANDREW H. GRIFFIN, III APC 275 E. Douglas Avenue, Suite 112 El Cajon, CA 92020 Tel: 619-440-5000 E-mail: Griffinlaw@mac.com Total Assets: $471,043 Total Liabilities: $2,619,710 The petition was signed by Sandra Cardet as CEO. A full-text copy of the petition, which includes a list of the Debtor's 18 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XTZYQ5Y/Havana_Grill_Group_MVC_Inc__casbke-26-03190__0001.0.pdf?mcid=tGE4TAMA HAWTHORNE RACE: Court OKs $1MM Supplemental DIP Loan From Derby --------------------------------------------------------------- Hawthorne Race Course, Inc. and affiliated debtors got the green light from the U.S. Bankruptcy Court for the Northern District of Illinois to obtain supplemental debtor-in-possession financing. The court authorized the Debtors to obtain up to $1 million in DIP financing from Derby DIP, LLC for horsemen's training costs and Backstretch Community's transition costs. The Debtors must draw on the financing only with the Illinois Thoroughbred Horsemen's Association's consent, which may not be unreasonably withheld. The financing will be secured by the same priming liens and afforded the same superpriority administrative expense claim status, subject to the same terms, conditions, and protections set forth in the court's April 22 final DIP financing order. Moreover, the financing will bear interest at the rate of 13% as set forth in the existing DIP loan agreement and include a $20,000 loan fee and a $20,000 exit fee payable to Derby. Under the court order, the Debtors are required to pay in full all of their DIP obligations to Derby upon the closing of the sale or upon an event of default or termination under the final DIP order. The order is available at http://bankrupt.com/misc/HawthorneRace_DIPorder458.pdf The Debtors, which operate horse racing, parimutuel, off-track betting, and sports wagering operations in Illinois, originally filed for Chapter 11 relief on February 27. Shortly thereafter, the court approved initial post-petition financing of up to $20 million with Derby and authorized marketing procedures to sell substantially all of the Debtors' assets. In June 2026, ALLIMAC 2023, LLC was designated as the stalking horse bidder. Because no other qualified bids were submitted, the auction was canceled and ALLIMAC was named the successful purchaser. However, because the purchaser's bid required the property to be fully vacated and did not contemplate ongoing racing, the Illinois Thoroughbred Horsemen's Association objected to the sale, requesting that horsemen and the "Backstretch Community" remain on the premises through November 1. Following court hearings and negotiations in late July, a compromise was reached allowing the Backstretch Community and horsemen until August 31 to vacate the acquired property. To cover the estimated $900,000 required to maintain horse training facilities, residential needs, and an orderly transition this month, the Debtors require up to $1 million in supplemental DIP financing. The transaction is structured so that it does not reduce proceeds available to other bankruptcy creditors. At the sale closing, the purchaser will contribute $1 million to the ITHA for relocation assistance, and the ITHA will immediately pay the Debtors the exact amount necessary to satisfy the Supplemental DIP Financing in full. The Debtors said that incurring this supplemental debt represents a sound exercise of their business judgment as it resolves key objections, maintains necessary operations for the horsemen, and carries a clear repayment path via the sale closing structure. About Hawthorne Race Course Inc. Hawthorne Race Course Inc. operates a historic racetrack that provides Thoroughbred and Standardbred racing events along with off-track betting throughout Chicago. Hawthorne Race Course sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03505) on February 27, 2026. In its petition, the Debtor reports assets ranging from $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor tapped Barry A. Chatz, Esq., at Saul Ewing Arnstein & Lehr, LLP as legal counsel; Getzler Henrich & Associates as financial advisor; and Omni Agent Solutions as claims agent. HELP TO ADJUST: Case Summary & Two Unsecured Creditors ------------------------------------------------------ Debtor: Help to Adjust Inc. 17 West Merrick Road, Suite B Valley Stream, NY 11580 Business Description: Help To Adjust Inc. is a Valley Stream, New York-based mental health services provider formed in 2014. The company provides individual, couples, and family counseling, anger management and telehealth services, as well as social-emotional learning, therapy, coaching, support groups, and workshops for school communities. It also conducts advocacy, training, and psychoeducation activities. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-72930 Judge: Hon. Sheryl P Giugliano Debtor's Counsel: Richard S. Feinsilver, Esq. RICHARD S. FEINSILVER 1400 Old Country Road Suite 315 Westbury, NY 11590 Tel: 516-873-6330 Fax: 516-873-6183 Email: feinlawny@yahoo.com Total Assets: $47,600 Total Liabilities: $1,523,715 The petition was signed by Donald D Sinkfield as president. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7RDWJMI/Help_to_Adjust_Inc__nyebke-26-72930__0001.0.pdf?mcid=tGE4TAMA HERNAN REYES: Court Extends Cash Collateral Access to Aug. 18 ------------------------------------------------------------- Hernan Reyes M.D. S.C. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use the cash collateral of Kapitus Servicing, Inc. The court order extended the Debtor's authority to use cash collateral from July 21 to August 18 and authorized the Debtor to use up to $8,120.74 in cash collateral solely for payroll and payroll-related expenses in accordance with an approved budget, subject to available funds. The Debtor is prohibited from using Kapitus' pre-petition collateral during the interim period. As adequate protection, the Debtor must continue its monthly payments of $5,500 to Kapitus until a Chapter 11 plan is confirmed. Payments must be made through ACH transfer, and the creditor is authorized to debit the Debtor's designated bank account. If an ACH payment is rejected, the Debtor must pay a $75 fee for each failed transaction. In addition, Kapitus will be granted replacement liens on all post-petition assets with the same priority and validity as its pre-bankruptcy liens, along with an administrative expense priority claim to protect against any decline in collateral value resulting from the use of cash collateral. The order further required the Debtor to maintain insurance coverage, preserve collateral, and avoid transferring or disposing of assets outside the ordinary course of business without court approval. The order is available at https://shorturl.at/7U1kr The next hearing is set for August 18. About Hernan Reyes M.D. S.C. Hernan Reyes M.D. S.C. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19154) on December 15, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Jacqueline P. Cox presides over the case. Alexander Tynkov, Esq., at Zalutsky & Pinski, Ltd. represents the Debtor as legal counsel. HIGHLAND CAPITAL: Court Disallows Daugherty's Reserved Claim ------------------------------------------------------------ Judge Brad W. Odell of the U.S. Bankruptcy Court for the Northern District of Texas disallowed Patrick Hagaman Daugherty's Reserved Claim in the adversary proceeding captioned as Highland Capital Management, L.P., Plaintiff/Counter-Defendant, v. Patrick Hagaman Daugherty, Defendant/Counter-Plaintiff, Adversary No. 25-03055-bwo (Bankr. N.D. Tex.). Daugherty's counterclaim for breach of contract and specific performance is denied. Daugherty was employed by Highland from 1998 to his voluntary resignation in 2011. In Highland's bankruptcy case, Daugherty filed several proofs of claim that culminated in proof of claim number 205, which is subject to the parties' dispute in this adversary proceeding. Daugherty contends that he has a contingent, unliquidated claim against the Debtor arising out of 2008/2009 compensation letter ("the Reserved Claim"), which claim is also related to audit/dispute between the Debtor and the Internal Revenue Service. Highland contests the validity and amount of Daugherty's proof of claim and seeks to disallow the claim. In the alternative, Highland asks the Court to estimate Daugherty's contingent claim under 11 U.S.C. Sec. 502(c) for purposes of making a distribution under Highland's confirmed chapter 11 plan. Daugherty's counterclaims allege that Highland breached a prior settlement agreement between the parties, in which Highland agreed to turnover the Highland Employee Retention Assets LLC ("HERA") and ERA Management, LLC ("ERA") books and records. Daugherty seeks specific performance of the settlement agreement. Pursuant to the settlement agreement, Daugherty's Reserved Claim is fully reserved in an account held by the Claimant Trust with a balance equal to $2,650,353.00, the amount of the Reserved Claim asserted by Daugherty in his proof of claim. Daugherty's demand for specific performance relates to the HERA and ERA "books and records (spreadsheet)" provision of the settlement agreement. In particular, Daugherty seeks all materials "related to HERA and ERA" that are in Highland's possession. Prior to filing his counterclaims in this adversary proceeding, Daugherty did not otherwise seek relief from this Court to enforce the settlement agreement. Highland provided Daugherty with HERA and ERA's financial, governance, and tax records. And, at Daugherty's request, Highland provided additional information that supported HERA and ERA's financial records. According to the Court, Daugherty's requests for "all" documents or documents that "related to" HERA and ERA were not "just and reasonable," and Highland was under no obligation to satisfy them. The Court thus finds that Highland did not breach the books and records provision of the settlement agreement, and Daugherty is not entitled to specific performance. Therefore, Daugherty's Reserved Claim is disallowed, and he shall collect nothing further from Highland's bankruptcy estate or the claimant trust. A copy of the Court's Memorandum Opinion dated July 24, 2026, is available at https://urlcurt.com/u?l=nmT9cl from Pacermonitor.com. About Highland Capital Management Highland Capital Management, LP was founded by James Dondero and Mark Okada in Dallas in 1993. Highland Capital is the world's largest non-bank buyer of leveraged loans in 2007. It also manages collateralized loan obligations. In March 2007, it raised $1 billion to buy distressed loans. Collateralized loan obligations are created by bundling together loans and repackaging them into new securities. Highland Capital Management sought Chapter 11 protection (Bank. D. Del. Case No. 19-12239) on Oct. 16, 2019. On Dec. 4, 2019, the case was transferred to the U.S. Bankruptcy Court for the Northern District of Texas and was assigned a new case number (Bank. N.D. Tex. Case No. 19-34054). Judge Stacey G. Jernigan is the case judge. At the time of the filing, Highland had between $100 million and $500 million in both assets and liabilities. The Debtor tapped Pachulski Stang Ziehl & Jones LLP as bankruptcy counsel, Foley & Lardner LLP as special Texas counsel, and Teneo Capital, LLC as litigation advisor. Kurtzman Carson Consultants, LLC, is the claims and noticing agent. The U.S. Trustee for Region 6 appointed a committee of unsecured creditors on Oct. 29, 2019. The committee tapped Sidley Austin LLP and Young Conaway Stargatt & Taylor LLP as bankruptcy counsel, and FTI Consulting, Inc. as financial advisor. HILLER AIRCRAFT: Hires Kevin Land and Jared Ennis as Realtors ------------------------------------------------------------- Hiller Aircraft Corporation seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Kevin Land and Jared Ennis of C21 Commercial as real estate professionals. Mr. Land and Mr. Ennis will be the persons primarily responsible for marketing and selling the Debtor's property known as M Street Property located at 925 M Street, Firebaugh, California. Any compensation paid to Mr. Land and Mr. Ennis will be paid from proceeds received from the sale of M Street Property. Mr. Land and Mr. Ennis are disinterested persons as that term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Kevin Land Jared Ennis C21 Commercial 7520 North Palm, Suite 202 Fresno, CA 93711 Phone: (559) 359-4035 About Hiller Aircraft Corporation Hiller Aircraft Corporation filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal. Case No. 24-13373) on November 21, 2024, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Dianne Maslanka as finance administration manager. Judge Jennifer E. Niemann presides over the case. Leonard K. Welsh, Esq. at LAW OFFICES OF YOUNG WOOLDRIDGE, LLP represents the Debtor as counsel. HUGHES NETWORK: Prepares Chapter 11 Bankruptcy Filing ----------------------------------------------------- Alicia McElhaney of WSJ Pro reports that Hughes Network Systems is preparing to seek Chapter 11 bankruptcy protection as it struggles to address a $1.5 billion debt payment due August 1, 2026. The satellite internet provider, owned by Charlie Ergen's EchoStar Corp., reported cash holdings of just $102 million at the end of the first quarter, far below the amount needed to satisfy the upcoming maturity. Sources said Hughes could file for bankruptcy as soon as Sunday and currently does not have a prenegotiated restructuring plan with creditors. The company has hired White & Case LLP as bankruptcy counsel and FTI Consulting as financial adviser to assist with the anticipated filing and restructuring efforts. If completed, the filing would follow the recent bankruptcies of Dish Wireless LLC and Dish DBS Corp., making it the second major Chapter 11 proceeding involving EchoStar in less than two months. Those affiliates entered bankruptcy with creditor support agreements after delays in a transaction to sell wireless spectrum assets to AT&T, according to report. Meanwhile, holders of a majority of Hughes' outstanding bonds have organized and retained Jones Day and PJT Partners to represent their interests during restructuring talks. Hughes also distributed approximately $1.03 billion in stock dividends to EchoStar during early 2024, a move that echoes transactions involving Dish DBS that previously drew fraudulent transfer claims. Unlike certain prior debt obligations, Hughes' Aug. 1 maturity offers no contractual grace period, WSJ Pro reports. About Hughes Network Systems LLC Hughes Network Systems LLC is a U.S.-based provider of satellite broadband, managed network services and communications technologies for consumers, businesses, government agencies and enterprises. The company operates the HughesNet satellite internet service and develops networking equipment and satellite ground systems used in broadband and mobility applications worldwide. It is a subsidiary of EchoStar Corp., the communications and satellite operator controlled by chairman Charlie Ergen. Hughes became part of EchoStar through a series of corporate combinations involving EchoStar and DISH Network, both founded by Ergen. The business serves customers across North America and international markets through satellite and hybrid connectivity solutions. HUMACYTE INC: BlackRock Reports 1.5% Ownership Stake ---------------------------------------------------- BlackRock, Inc., disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 4,092,430 shares of Humacyte, Inc.'s Common Stock (with sole voting power and sole dispositive power over all 4,092,430 shares, and no shared voting or dispositive power), representing 1.5% of the Common Stock. The amendment reflects that the Reporting Business Units of BlackRock, Inc., beneficially own less than 5% of the class. 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/3mfabh5r About Humacyte Inc. Humacyte, Inc. and subsidiaries is pioneering the development and manufacture of off-the-shelf, universally implantable, bioengineered human tissues, advanced tissue constructs and organ systems with the goal of improving the lives of patients and transforming the practice of medicine. The Company is leveraging its regenerative medicine technology platform to develop proprietary product candidates for use in the treatment of diseases and conditions across a range of anatomic locations in multiple therapeutic areas. Raleigh, North Carolina-based PricewaterhouseCoopers LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated March 27, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing the Company has incurred operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $110.56 million in total assets, $98.93 million in total liabilities, and $11.62 million in total stockholders' equity. HUMMINGBIRD ELITE: Seeks to Use Cash Collateral ----------------------------------------------- Hummingbird Elite Real Estate Holdings, LLC asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral. The Debtor operates an income-producing commercial property located at 814 W. Merrick Road, Valley Stream, New York. Following post-petition leasing, the property produces $6,800 in scheduled monthly rent from two tenants: Law Offices of Jjais A. Forde, PLLC ($6,000 per month for office space) and Raw Steel Welders ($800 per month for light-industrial space). Operating cash flows had previously been disrupted by renovation costs, rising utilities, a pending state court foreclosure action, and the April 2025 death of a principal who was the primary funding source for property improvements. U.S. Bank National Association, as trustee for Velocity Commercial Capital Loan Trust 2021-1, asserts a security interest in the real estate and an assignment of rents. The Debtor values the property at $820,800 against an estimated combined debt of $521,356 (comprising a $391,879 principal balance, plus $129,478 in claimed arrears), yielding an equity cushion of approximately $299,443 (or 36.5% of the property's total value). Under the proposed monthly cash-collateral budget, the Debtor seeks to utilize all $6,800 in monthly rental income to pay $6,000 directly to the lender as adequate protection (representing 88.2% of gross receipts) starting September 1 while capping property-level operating expenses at $800 per month. The request explicitly prohibits member distributions, insider payments, or professional fee disbursements from cash collateral. In addition to the $6,000 monthly cash payments and the existing equity cushion, the adequate protection package requires the Debtor to maintain commercial property and liability insurance listing the lender as loss payee, segregate all rental receipts into a designated debtor-in-possession account, maintain the physical condition of the property, and deliver detailed monthly financial and rent-roll reports to the lender and the U.S. Trustee within 15 days of each month's end. A hearing on the matter is scheduled for September 17, at 10:30 AM. A copy of the motion is available at https://urlcurt.com/u?l=ekCiCd from PacerMonitor.com. About Hummingbird Elite Real Estate Holdings LLC Hummingbird Elite Real Estate Holdings LLC is a limited liability company engaged in real estate investment and property holding activities. Hummingbird Elite Real Estate Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42013) on April 27, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Narissa A. Joseph, Esq., at the Law Offices of Narissa A. Joseph, PC. INSPIREMD INC: Eliminates CCO Position, Gleason Exits July 31 ------------------------------------------------------------- InspireMD, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 23, 2026, it notified Shane Gleason, its Chief Commercial Officer, that his position had been eliminated. His employment with the Company ended on July 31, 2026. About InspireMD Headquartered in Tel Aviv, Israel, InspireMD, Inc. -- http://www.inspiremd.com/-- is a medical device company focusing on the development and commercialization of its proprietary MicroNet stent platform technology for the treatment of complex vascular and coronary disease. A stent is an expandable "scaffold-like" device, usually constructed of a metallic material, that is inserted into an artery to expand the inside passage and improve blood flow. Its MicroNet, a micron mesh sleeve, is wrapped over a stent to provide embolic protection in stenting procedures. Tel-Aviv, Israel-based Kesselman & Kesselman, the Company's auditor since 2010, issued a "going concern" qualification in its report dated March 18, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has suffered recurring losses from operations and cash outflows from operating activities that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $56.5 million in total assets, $12.9 million in total liabilities, and $43.6 million in total equity. INTERACTIVE GOVERNMENT: Hires GRF CPAs & Advisors as Accountant --------------------------------------------------------------- Interactive Government Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire GRF CPAs & Advisors as accountant. The firm will continue work for the Debtor in accounting matters. GRF will seek compensation based on a retainer agreement and expenses. As disclosed in the court filings, GRF CPAs & Advisors is disinterested as such terms are defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Troy Turner, CPA GRF CPAs & Advisors 4550 Montgomery Avenue, Suite 800 North Bethesda, MD 20814 Toll Free: (877) 437-4771 Phone: (301) 951-9090 Fax: (301) 951-3570 About Interactive Government Holdings, Inc. Interactive Government Holdings, Inc. provides program, acquisition, and administrative management services, as well as secure IT, systems engineering and integration, and global operations and sustainment support. The company was established in 2006 and is headquartered in Springfield, Virginia. It holds ISO 9001:2015 certification and is classified under NAICS code 541611, with socioeconomic designations including 8(a), SDVOSB, VOSB, SDB, Hispanic American Owned, and Minority Owned. Its prime contract vehicles include GSA 8(a) STARS III, GSA Multiple Award Schedule - 00Corp, and SeaPort-NxG. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 26-00214) on April 24, 2026. In the petition signed by Michael V. Sanders, chief executive officer, the Debtor disclosed $293,133 in total assets and $2,844,120 in total liabilities. Judge Elizabeth L. Gunn oversees the case. Daniel Staeven, Esq., at FROST LAW, represents the Debtor as legal counsel. JACKSON BROWN COURT: Seeks Chapter 11 Bankruptcy in Georgia ----------------------------------------------------------- On July 28, 2026, Jackson Brown Court Apartments LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the debtor reports between $10 million and $50 million in liabilities. The petition indicates that funds will be available for distribution to unsecured creditors. A meeting of creditors under Section 341(a) to be held on August 31, 2026 at 10:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. The debtor must submit the Summary of Assets and Liabilities, Attorney Disclosure Statement, and List of Equity Security Holders no later than Aug. 11, 2026. About Jackson Brown Court Apartments LLC Jackson Brown Court Apartments LLC is a Georgia-based single asset real estate company that owns an apartment property in Stone Mountain, Georgia. The company's business is centered on the ownership and management of its multifamily residential real estate asset. Jackson Brown Court Apartments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-59820) on July 28, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Paul Baisier handles the case. The debtor is represented by Thomas T. McClendon, Esq. of Jones & Walden, LLC. JANAM MADISON: Paul Reece Marr P.C. as Bankruptcy Attorneys ----------------------------------------------------------- Janam Madison Lodging LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Paul Reece Marr, P.C. as its bankruptcy attorneys. The firm's services include: (a) providing the Debtor with legal advice regarding its powers and duties as a debtor in possession in the continued operation and management of its affairs; (b) preparing on behalf of the Debtor the necessary applications, statements, schedules, lists, answers, orders and other legal papers pursuant to the Bankruptcy Code; and (c) performing all other legal services in the Chapter 11 bankruptcy proceeding for the Debtor which may be reasonably necessary. The firm will be paid at these rates: Paul Reece Marr, Esq. $500 per hour Paralegal $295 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Paul Reece Marr, Esq., managing partner at Paul Reece Marr, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Paul Reece Marr, Esq. The Law Firm of Paul Reece Marr, P.C. 6075 Barfield Road, Suite 213 Sandy Springs, GA 30328 Tel: (770) 984-2255 Email: paul.marr@marrlegal.com About Janam Madison Lodging LLC Janam Madison Lodging LLC is a Conyers, Georgia-based single asset real estate company operating within the hospitality sector. The company manages a hotel property located at 1972 Eatonton Road in Madison, Georgia, consisting of 56 guest rooms. Janam Madison Lodging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga., Atlanta Division Case No. 26-58853) on July 7, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Jonathan W. Jordan, Bankruptcy Judge, handles the case. The Debtor is represented by Paul Reece Marr, Esq. of Paul Reece Marr, PC. JAYBROOK RENTALS: Hires Lakewood Real Estate Service as Realtor --------------------------------------------------------------- Jaybrook Rentals, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to employ Lakewood Real Estate Service, LLC as realtor, Deborah Kincell as listing agent and Garrett E. Cole, as broker. The realtor will assist the Debtor in its reorganization and the sale of the Debtor's real property located at 1023 Arbuckle Road, Summersville, West Virginia. The realtor will receive a commission of 5% of the sale price of the real property. Lakewood is a "disinterested person" within the meaning of Sec. 101(14) of the United States Bankruptcy Code, according to court filings. The realtor can be reached through: Deborah Kincell Garrett E. Cole Lakewood Real Estate Service, LLC 710 Broad Street Summersville, WV 26651 About Jaybrook Rentals Jaybrook Rentals, LLC, based in Summersville, West Virginia, is a limited liability company engaged in real estate rental and leasing. Jaybrook Rentals, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.V. Case No. 26-20054) on March 2, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Billy R. Dyer as member. Judge B. McKay Mignault presides over the case. Brian R. Blickenstaff, at Johns & Associates, PLLC serves as the Debtor's counsel. JIN BEH: Case Summary & Seven Unsecured Creditors ------------------------------------------------- Debtor: Jin Beh Inc. 2440 S Stemmons Fwy, Suite A Lewisville TX 75067 Business Description: Jin Beh Inc. operates Japanese hibachi and sushi restaurants in Frisco and Lewisville, Texas. The business traces its operations to 1988, when its original restaurant opened in Las Colinas, and its Lewisville location has operated since 1999. The company maintains a long-tenured staff and serves a multigenerational customer base for birthdays, anniversaries, family gatherings, and other celebrations. Jin Beh Inc. was acquired from its original owners through a stock sale completed on November 17, 2025. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-42526 Judge: Hon. Brenda T Rhoades Debtor's Counsel: Manolo Santiago, Esq. TITTLE SANTIAGO, PLLC 13155 Noel Rd., Suite 900 Dallas TX 75240 Tel: 972-213-2316 E-mail: msantiago@tittlelawpllc.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Darrell Hill as manager. A copy of the Debtor's list of its seven unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/X35FWHA/Jin_Beh_Inc__txebke-26-42526__0005.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WXPYFLA/Jin_Beh_Inc__txebke-26-42526__0001.0.pdf?mcid=tGE4TAMA JIN BEH: Gets Interim OK to Use Cash Collateral ----------------------------------------------- Jin Beh, Inc. received interim approval from the U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral effective July 30 to fund its operations based on a court-approved budget. The Debtor's use of cash collateral primarily affects Grasshopper Bank, N.A., the secured lender under the Debtor's 2025 SBA loan. The bank alleges an outstanding secured claim of approximately $1.4 million, collateralized by substantially all of the Debtor's assets, including real estate, accounts receivable, inventory, equipment, and general intangibles, as reflected in its UCC-1 financing statement filed with the Texas Secretary of State. Grasshopper Bank will be granted adequate protection through replacement liens on the Debtor's post-petition cash and accounts receivable, with the same priority, validity and extent as their pre-petition liens. The Debtor's authority to use cash collateral terminates if its Chapter 11 case is converted to one under Chapter 7; if it is removed as debtor-in-possession; or if the cash collateral is used for purposes not authorized under the court order. The order is available at http://bankrupt.com/misc/JinBeh_CCOrder18.pdf A final hearing is scheduled for August 11, with objections due three days before the hearing. Jin Beh operates two Japanese hibachi and sushi restaurants in Frisco and Lewisville, Texas, employing 39 staff members across operations that date back to 1988. Following a stock acquisition on November 17, 2025, the new owners discovered incorrect financial disclosures from the seller, significant under-examination IRS liabilities subject to litigation in Collin County, and continuous operating losses at the Frisco location that severely strained the Lewisville location's finances, necessitating bankruptcy protection to restructure debt and operations. About Jin Beh Inc. Jin Beh Inc. operates two Japanese hibachi and sushi restaurants in Frisco and Lewisville, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42526) on July 24, 2026. In the petition signed by Darrell Hill, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Manolo Santiago, Esq., at Tittle Santiago, PLLC, represents the Debtor as legal counsel. KARMA HOME: Angela Shortall of 3Cubed Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Angela Shortall of 3Cubed Advisory Services, LLC as Subchapter V trustee for Karma Home Designs, LLC. Ms. Shortall will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Shortall declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Angela L. Shortall 3Cubed Advisory Services, LLC 111 S. Calvert St., Suite 1400 Baltimore, MD 21202 Phone: 410-783-6385 About Karma Home Designs LLC Karma Home Designs, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00379) on July 23, 2026, with assets of up to $50,000 and liabilities of between $1 million and $10 million. Judge Elizabeth L. Gunn presides over the case. Augustus Curtis, Esq., at Offit Kurman represents the Debtor as legal counsel. KARYOPHARM THERAPEUTICS: BlackRock Holds 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 1,266,084 shares of Karyopharm Therapeutics Inc.'s Common Stock (with sole voting power over 1,251,563 shares, sole dispositive power over 1,266,084 shares, and no shared voting or dispositive power), representing 5.6% of the Common Stock. The 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/yc42p9uw About Karyopharm Therapeutics Karyopharm Therapeutics Inc., based in Newton, Massachusetts, is a commercial-stage pharmaceutical company that develops and commercializes cancer treatments. Its principal product, XPOVIO, or selinexor, is an oral selective inhibitor of nuclear export marketed in approved indications and under development for myelofibrosis, endometrial cancer and multiple myeloma. The company also evaluates eltanexor, a next-generation XPO1 inhibitor, for potential use in additional myeloproliferative neoplasms and TP53 wild-type tumors. XPOVIO commercialization in the U.S. is supported by sales representatives, nurse liaisons, a market access team, specialty pharmacy providers and the KaryForward patient and healthcare provider support program. Ernst & Young LLP's Feb. 12, 2026, audit report included substantial-doubt language regarding the company's ability to continue as a going concern. The auditor cited significant operating losses since inception and expectations that such losses will continue for the foreseeable future. As of March 31, 2026, Karyopharm reported total assets of $131.42 million, total liabilities of $397.06 million and a stockholders' deficit of $265.65 million. KC GLOBAL: Has Deal on Cash Collateral Access --------------------------------------------- KC Global Network, Inc. and the U.S. Small Business Administration advise the U.S. Bankruptcy Court for the Central District of California, San Fernando Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The underlying dispute originates from a COVID Economic Injury Disaster Loan executed on May 22, 2020, and modified on April 7, 2022, which increased the total loan amount to $974,900. As of the Debtor's March 11, 2026 petition date, the SBA held an outstanding claim of $935,968, bearing an annual interest rate of 3.75% with required monthly payments of $4,891 over a 30-year term. The SBA's claim is secured by a perfected, first-priority security interest in substantially all of the Debtor's tangible and intangible personal property, including inventory, equipment, accounts receivable, credit card receivables, deposit accounts, and general intangibles, along with all associated proceeds and cash collateral. Under the terms of the stipulation, the SBA consents to the Debtor's continued post-petition use of cash collateral retroactively from May 2026 through the effective date of a confirmed Chapter 11 plan of reorganization, provided funds are utilized strictly for ordinary and necessary operating expenses. As adequate protection for any post-petition diminution in the collateral's value, the SBA is granted automatically perfected replacement liens on all post-petition revenues to the same extent and priority as its pre-petition security interests, excluding Bankruptcy Code avoidance action claims. Additionally, the Debtor must remit monthly adequate protection payments of $4,891 directly to the SBA beginning this month, and the SBA receives a super-priority administrative expense claim under Sections 503(b) and 507(b) for any realized loss in collateral value. The agreement sets operational conditions requiring the Debtor to maintain comprehensive property insurance designating the SBA as an additional insured, submit monthly operating reports to the U.S. Trustee, and refrain from paying company insiders without prior court authorization under Local Bankruptcy Rule 2014-1. While the stipulation preserves all SBA rights, defaults, and plan objection privileges, it establishes that the granted replacement liens and super-priority claims will survive any prospective dismissal of the Chapter 11 case. A hearing on the matter is set for September 15. A copy of the motion is available at https://urlcurt.com/u?l=82wXn6 from PacerMonitor.com. About KC Global Network Inc. Based in Woodland Hills, California, KC Global Network, Inc. is a privately held importer and supplier of conventional and organic cane sugar that operates within the wholesale commodity trading and food distribution sectors. The company sources sugar from domestic and international suppliers and distributes bulk products to business customers across the United States, managing import-export logistics and supply chain coordination. KC Global Network sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Lead Case 26-10506) on March 11, 2026. In the petition signed by Havri Babakhan Vartanian, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Martin R. Barash oversees the case. The Law Offices of Sheila Esmaili represents the Debtor as counsel. KCG MD: Angela Shortall of 3Cubed Named Subchapter V Trustee ------------------------------------------------------------ The Acting U.S. Trustee for Region 4 appointed Angela Shortall of 3Cubed Advisory Services, LLC as Subchapter V trustee for KCG MD, LLC. Ms. Shortall will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Shortall declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Angela L. Shortall 3Cubed Advisory Services, LLC 111 S. Calvert St., Suite 1400 Baltimore, MD 21202 Phone: 410-783-6385 About KCG MD LLC KCG MD, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00377) on July 23, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Elizabeth L. Gunn presides over the case. Augustus Curtis, Esq., at Offit Kurman represents the Debtor as legal counsel. KCG VA: Angela Shortall of 3Cubed Named Subchapter V Trustee ------------------------------------------------------------ The Acting U.S. Trustee for Region 4 appointed Angela Shortall of 3Cubed Advisory Services, LLC as Subchapter V trustee for KCG VA, LLC. Ms. Shortall will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Shortall declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Angela L. Shortall 3Cubed Advisory Services, LLC 111 S. Calvert St., Suite 1400 Baltimore, MD 21202 Phone: 410-783-6385 About KCG VA LLC KCG VA, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00378) on July 23, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Elizabeth L. Gunn presides over the case. Augustus Curtis, Esq., at Offit Kurman represents the Debtor as legal counsel. KENDALL TOWING: Hires Calaiaro Valencik as Bankruptcy Counsel ------------------------------------------------------------- Kendall Towing & Service LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire Calaiaro Valencik as counsel. The firm's services include: (a) prepare the bankruptcy petition and attendance at the Initial Debtor Interview and 341 Meeting of Creditors; (b) represent the Debtor in relation to negotiating an agreement on cash collateral; (c) represent the Debtor in relation to acceptance or rejection of executory contracts; (d) advise the Debtor with regard to its rights and obligations during the Chapter 11 case; (e) represent the Debtor in relation to any motions to convert or dismiss this Chapter 11; (f) represent the Debtor in relation to any motions for relief from stay filed by any creditors; (g) prepare the Chapter 11 Plan and Disclosure Statement, or equivalents; (h) prepare any objection to claims in the Chapter 11; and (i) otherwise, represent the Debtor in general. The firm's counsel and staff will be paid at these hourly rates: Donald Calaiaro, Partner $550 David Valencik, Partner $450 Andrew Pratt, Partner $375 Daniel White, Partner $350 Paralegals $130 In addition, the firm will seek reimbursement for expenses incurred. Donald Calaiaro, partner at Calaiaro Valencik, 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 Z. Valencik, Esq. Calaiaro Valencik 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Telephone: (412) 232-0930 Facsimile: (412) 232-3858 Email: dvalencik@c-vlaw.com About Kendall Towing & Service LLC Kendall Towing & Service LLC is a Pittsburgh, Pennsylvania-based motor vehicle towing company providing towing and roadside assistance services. Court filings identify the company as a motor vehicle towing service provider and do not specify the reasons for its Chapter 11 filing. Kendall Towing & Service LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21850) on July 2, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. The Debtor is represented by Donald R. Calaiaro, Esq. of Calaiaro Valencik. KENDALL TOWING: To Sell Tow Truck to Carroll's Towing for $18K -------------------------------------------------------------- Kendall Towing & Service LLC seeks permission from the U.S. Bankruptcy Court for the Western District of Pennsylvania, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is comprised of 2017 Ford F-550 Tow Truck. The Debtor wishes to sell the Property to Carroll's Towing & Recovery LLC for the purchase price of $18,000.00, or in the alternative, to another purchaser who presents a higher and better offer for the personal property. The Property is owned by the Debtor free and clear of any encumbrances. The lienholders of the Property are Internal Revenue Service, Pennsylvania Department of Revenue, Pennsylvania Department of Labor & Industry, and Allegheny County Central Tax Collection District. The Tow Truck is used in the towing industry. It has little value to anyone not involved in towing automobiles. Carroll's Towing & Recovery LLC has made an offer to purchase the vehicle, "AS IS, WHERE IS" for the price of $18,000.00. Buyers are not willing to hold their offers open during the normal time that is required to sell assets in accordance with the Rules. The Debtor agrees to advertise the sale on the Bankruptcy Court's EASI website regarding the advertising for sales. The sale will be a private sale because of the limited market for such type of vehicle. About Kendall Towing & Service LLC Kendall Towing & Service LLC is a Pittsburgh, Pennsylvania-based motor vehicle towing company providing towing and roadside assistance services. Court filings identify the company as a motor vehicle towing service provider and do not specify the reasons for its Chapter 11 filing. Kendall Towing & Service LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21850) on July 2, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. The Debtor is represented by Donald R. Calaiaro, Esq. of Calaiaro Valencik. KINGDOM AMBASSADOR: Case Summary & Three Unsecured Creditors ------------------------------------------------------------ Debtor: Kingdom Ambassador Center & Ministry, Inc. 8802 Sudley Road Manassas, VA 20110 Business Description: Kingdom Ambassador Center is a non-denominational Christian church based in Virginia. The organization conducts worship and prayer gatherings, operates a telephone prayer line, provides prayer resources, and delivers biblical preaching and teaching. It also conducts outreach ministry activities. Chapter 11 Petition Date: July 22, 2026 Court: United States Bankruptcy Court Eastern District of Virginia Case No.: 26-11758 Debtor's Counsel: David C. Jones, Jr., Esq. LAW OFFICE OF DAVID C. JONES, JR. 10617 Jones Street, #301-A Fairfax, VA 22030 Tel: 703-273-7350 E-mail: davidcjonesjr@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Dauda M. Keita as senior pastor. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7PGGRII/Kingdom_Ambassador_Center__Ministry__vaebke-26-11758__0001.0.pdf?mcid=tGE4TAMA KINGDOM AMBASSADOR: 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 Kingdom Ambassador Center & Ministry, 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 Kingdom Ambassador Center & Ministry Inc. Kingdom Ambassador Center & Ministry, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-11758) on July 22, 2026, with $1 million to $10 million in both assets and liabilities. David C. Jones, Jr., Esq., at David C. Jones, Jr., P.C. represents the Debtor as legal counsel. LATITUDE DENG: Catalyst's Paula Forshee Appointed as Receiver ------------------------------------------------------------- The Hon. Xavier Rodriguez of the U.S. District Court for the Western District of Texas, San Antonio Division, entered an agreed order directing the appointment of Paula Forshee at Catalyst Property Solutions, LLC as receiver for Latitude Deng LLC and Terrain Deng LLC. Federal Home Loan Mortgage Corporation requested the appointment of a receiver. Paula Forshee is appointed Receiver of the Properties with respect to income (of any kind) therefrom and with respect to any and all other property and property interests pledged or assigned to Freddie Mac under the Loan Documents: A. The "Serenity Property" encumbered by the Loan Documents1, located at 6400 Wurzbach Road, San Antonio, Texas 78240, including the "Ground Lease," "Land" and "Leasehold Estate" as defined in the Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing, dated March 10, 2023 between Latitude Deng, LLC and WD (the "Serenity Deed of Trust"); B. The "Mosaic Property" encumbered by the Loan Documents, at 5380 Medical Drive, San Antonio, Texas 78249, including the "Ground Lease," "Land" and "Leasehold Estate" as defined in the Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing, dated March 10, 2023 between Terrain Deng, LLC and WD (the "Mosaic Deed of Trust"); and C. The "Mortgaged Property," "Personalty," "Fixtures," "Rents," "Leases," and "Taxes" as defined in the Serenity Deed of Trust and Mosaic Deed of Trust. The Receiver shall immediately take possession of and, to the extent Receiver possesses sufficient funds in its operating account for the Properties, operate, manage and maintain the Properties and improvements thereon to prevent waste thereto, and collect the rents and profits thereof, with further direction to make any and all necessary repairs to said Properties, collect the income of said Properties and apply it consistently with this Order and the Loan Documents, arrange for the preservation of the Properties and their operation and maintenance, and make necessary payments of taxes, principal, interest and insurance, with the further authority to lease, manage or operate the Properties, or any part thereof, and perform all other duties usually vested in receivers in foreclosure actions. The Receiver shall be vested with all the powers and responsibilities of a receiver as provided in this Order. Without limiting the generality of the foregoing, Receiver is granted the following specific authority and powers in connection with her responsibility to manage the Properties, and to take any and all actions as shall be proper including, but not limited to: -- enter upon and take complete and exclusive possession and control of the Properties, together with any and all of the following to the extent relating to the Properties: bank accounts and deposits, credit card receipts, demand deposits, reimbursement rights, security deposits and all other forms of accounts, accounts receivable, payment rights, cash and cash equivalents, along with any and all information necessary to operate the Properties, including but not limited to all keys, security codes, combinations, passwords and other access codes and all other collateral securing the indebtedness owed to Federal Home Loan Mortgage Corporation ("Freddie Mac"); -- take and maintain possession of all other documents, books, records, papers and accounts relating to the Properties including computer files and other electronic files maintained at the Properties and/or offsite including, without limitation, Borrowers' offices; -- receive and collect any and all sums due or owing to Borrowers in any manner related to the Properties, whether the same are now due or shall hereafter become due and owing, to deposit such sums into an account established and maintained by Receiver, and to expend such sums on the operation and management of the Properties in the ordinary course of its business; -- employ such contractors, subcontractors, material men, architects, engineers, consultants, managers, brokers, marketing agents, or other employees, agents, independent contractors or professionals, as the Receiver may in its sole discretion deem appropriate or desirable to implement and effectuate the rights and powers set forth herein; -- pay all current and past due real estate (ad valorem) taxes, personal property taxes, and any other taxes and assessments against the Properties and to file timely ad valorem tax protests as Receiver deems appropriate; -- sue for unpaid rents and profits, payments, income or proceeds in the name of Borrowers; -- take such actions and require performance as is deemed necessary or desirable in the judgment of the Receiver under any contracts relating to the Properties; -- have all other powers granted to the Receiver by this Court and/or pursuant to applicable law. All utilities shall remain in the existing Tax Identification Number. The authority granted to the Receiver is self-executing. Borrowers and their principals, partners, directors, officers, employees and agents are hereby prohibited from: -- entering upon the Properties at any time during the pendency of the Receivership without the prior express permission of the Receiver; -- taking any actions that would, directly or indirectly, have an adverse impact on the value of the Properties; -- canceling, reducing, or modifying any and all insurance coverage in existence with respect to the Properties; and -- collecting any rents or other sums due to Borrowers, all until further order of the Court. Borrowers and their principals, partners, directors, officers, employees and agents (including any property manager) are hereby directed and ordered to immediately deliver to Receiver possession of the Properties and each of the following, to the extent owned by Borrowers, in possession or control of the Borrowers, and relating to the Properties without any right of offset or recoupment: -- all Property-related information and YARDI, or other property management database files; -- all cash collateral for the indebtedness owed by Borrowers to Freddie Mac (whether consisting of cash on hand, cash in any and all bank accounts or other accounts, all rights to security deposits, including but not limited to amounts that Borrowers may have deposited with utility companies, and all other cash and cash equivalents); -- a detailed rent roll showing existing tenants, asking rent, contract rent, lease start/expiration dates, unit types, unit size, and list of vacant units (if any); -- any and all payroll records and other materials reasonably requested by Receiver and related to persons employed by Borrowers or their property manager at the Properties; -- certificates evidencing the insurance policies covering the Properties; -- any and all bank statements relating to any accounts maintained by Borrowers with respect to the Properties; -- any and all HUD-VAP or HUD-VASH contracts, HAP contracts, or any other HUD or Housing Authority contracts or housing vouchers; -- any other records, books, agreements, and other materials relating to the Properties including computer files and other electronic files maintained at the Properties and/or offsite including, without limitation, Borrowers' offices. Borrowers and their agents are further hereby directed and ordered to: -- cooperate with and assist the Receiver in carrying out his duties hereunder; and -- direct tenants and other sources of revenue for the Properties to remit their payments to the Receiver; and -- permit Receiver access to information necessary for Receiver to manage and operate the Properties. Nothing shall be deemed to preclude WD or Freddie Mac from inquiring in any discovery regarding Borrowers', or their agents', employees' or other representatives' operation of the Properties and the whereabouts of any and all accounts and documents including, but not limited to, leases, rent rolls, and books of account relating to the Properties. Except for Lender, no person with actual notice of this Order, nor any agent of such person, shall interfere with any property in the control of Receiver or subject to this Order, or interfere with Receiver in carrying out any duty under this Order. All third parties (including but not limited to financial institutions) in possession of assets subject to this Court's Order are hereby ordered to turn over such assets to Receiver within five business days of receipt of a copy of this Court's Order. All third parties (including but not limited to financial institutions) are further ordered to immediately comply with any requests by Receiver to freeze any assets subject to this Court's Order. Receiver shall, within forty-five business days of qualification and appointment, provide WD, Freddie Mac and Borrowers with an inventory of all property of which Receiver has taken possession. If Receiver subsequently comes into possession of additional property, Receiver will provide WD, Freddie Mac and Borrowers with a supplemental inventory as soon as practicable. In addition to any financial, operating, and other reports and information required to be delivered pursuant to the Loan Documents, Receiver shall deliver to WD and Freddie Mac, and file in the record of the above-captioned case, no later than the twentieth day of each calendar month, a report, provided that the first such Report shall not be due until at least forty-five business days after the Receiver is appointed. Each Report shall include receipts and disbursements during the applicable period and a description of activities undertaken by the Receiver, including amounts billed for compensation to Receiver. Receiver and its employees, agents, and attorneys shall have no personal liability in connection with: -- any liabilities, obligations, liens, or amounts owed to any of Borrowers' creditors because of their duties as Receiver; -- the Receiver's duties under this Court's Order, except for claims due to their gross negligence, gross or willful misconduct, malicious acts, or the willful failure to comply with the Court’s orders; or -- acts or omissions made by or on behalf of it in its capacity as the Receiver of the Properties, so long as such acts and omissions are made in good faith and without gross negligence. Nothing in this Order precludes the Receiver from requesting permission from this Court to terminate the Court's appointment as the receiver in this case; provided, however, that Receiver shall provide at least 30 days' notice of the hearing on any such request. Receiver may apply to this Court by motion and upon notice to all parties for further or other authority as may be necessary in its performance of its duties. This receivership will continue in effect until further order of the Court. The Court retains jurisdiction to modify the terms of this Order and to expand or contract the rights, duties, and obligations of the Receiver. The Receiver shall serve without bond. About Latitude Deng LLC and Terrain Deng LLC Latitude Deng LLC and Terrain Deng LLC own two multi-family apartment complexes, the Serenity Property, located at 6400 Wurzbach Road, San Antonio, Texas 78240; and the Mosaic Property located at 5380 Medical Drive, San Antonio, Texas 78249. The Companies are facing a receivership case captioned as, Latitude Deng LLC and Terrain Deng LLC, v. Federal Home Loan Mortgage Corporation, Case No. 5:26-cv-01586 (W.D. Tex.), before the Hon. Xavier Rodriguez. The case was filed on March 10, 2026. The Companies are allegedly in default under the Serenity Loan in the amount of $28,506,000.00, secured by the Wurzbach Road Property, which has an estimated value of $11,690,000.00; and under the Mosaic Loan in the amount of $20,801,000.00, secured by the Medical Drive Property, which has an estimated valued of $12,520,000.00. Defendant Federal Home Loan Mortgage Corporation is represented by: Thomas Charles Scannell, Esq. Foley & Lardner LLP Tel: 214-999-4289 E-mail: tscannell@foley.com – and – Vi T. Tran, Esq. Foley & Lardner LLP Tel: 713-276-5500 E-mail: vtran@foley.com - and - Brent William Martinelli, Esq. Quintairoa, Prieto, Wood & Boyer, P.A. Tel: (214)754-8755 E-mail: brent.martinelli@qpwblaw.com Plaintiffs Latitude Deng LLC and Terrain Deng LLC are represented by: Jason D. Kraus, Esq. The Kraus Law Firm Tel: (281) 781-8677 LEWIS TOWING: Scott Sackett Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 17 appointed Scott Sackett as Subchapter V trustee for Lewis Towing 2, Inc. Mr. Sacket will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Sacket declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott M. Sackett 4030 S. Land Park Dr., Suite C Sacramento, CA 95822 Phone: (916) 930-9900 Email: scott.sackett@efmt.com About Lewis Towing 2 Inc. Lewis Towing 2 Inc. is a Bakersfield, California-based towing and recovery company that provides light-, medium- and heavy-duty towing, roadside recovery, vehicle storage and related transport services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-12633) on June 3, 2026, with $1 million to $10 million in assets and liabilities. Ray Tavakoli, president, signed the petition. Judge Jennifer E. Niemann presides over the case. Joseph West, Esq., at The West Law Firm of California Inc. represents the Debtor as bankruptcy counsel. LINQTO INC: Trustee Hearing Delayed as Settlement Talks Continue ---------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that a hearing in Linqto Inc.'s dispute with its liquidating trustee has been delayed after the bankrupt investment platform and its unsecured creditors' committee told the bankruptcy court they are pursuing a potential settlement. The parties said ongoing negotiations may resolve the issues raised in the lawsuit without further court intervention. The adversary case challenges aspects of the trustee's administration of the Chapter 11 estate and remains one of several disputes arising after confirmation of Linqto's bankruptcy plan. By seeking a continuance, the parties indicated that settlement discussions have advanced enough to justify delaying the scheduled hearing, the report relays. The bankruptcy judge granted the request, giving the parties more time to complete negotiations. The outcome of those discussions will determine whether the litigation is dismissed through settlement or proceeds with additional hearings, according to Law360. About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is represented by Kristen L. Perry, Esq., at Faegre Drinker Biddle & Reath, LLP, in Dallas, Texas; Richard J. Bernard, Esq., at Faegre Drinker Biddle & Reath, LLP, in New York; and Michael R. Stewart, Esq., and Adam C. Ballinger, Esq., at Faegre Drinker Biddle & Reath, LLP, in Minneapolis, Minnessota. Sandton may also be reached through Robert Rice, Esq. LIVEONE INC: Issues 70K Shares to Music Story for License Fees -------------------------------------------------------------- LiveOne, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 22, 2026, the Company, Slacker, Inc., its wholly owned subsidiary, and Music Story SAS entered into a Shares Issuance Agreement pursuant to which the Company agreed to issue to Music Story 70,000 shares of its common stock, $0.001 par value per share, at a deemed issued price of $7.50 per share. The Shares will be issued as: (i) payment of any outstanding fees due by the Company under the Metadata license and service agreement, dated as of Feb. 24, 2022, entered into between the Company and Music Story, and (ii) prepayment of a certain portion of fees that will be due and owing under the License Agreement, as amended by the Agreement, during the Extended Term, unless terminated earlier as provided therein. Pursuant to the Agreement, the parties agreed to extend the term of the License Agreement through Feb. 24, 2028. Pursuant to the Agreement, Music Story's net sale proceeds of any Shares will be offset against any fees due to Music Story under the License Agreement. MUSIC STORY agreed not to sell the Shares in excess of more than 3.5% of the average daily trading volume for the common stock for the preceding 20 consecutive trading days (excluding from such average any index rebalancing days). If any fees remain payable to Music Story upon expiration of the Extended Term, the Company or Slacker will pay such remaining amounts to MUSIC STORY in immediately available funds. The Shares will be issued to Music Story pursuant to the Company's effective shelf Registration Statement on Form S-3 (File No. 333-284916), which was filed with the U.S. Securities and Exchange Commission on Feb. 13, 2025, and a prospectus supplement relating to the offering of the Shares filed with the SEC on July 29, 2026. The settlement of the issuance of the Shares is expected to take place on or about July 29, 2026. The Company will not receive any cash proceeds from the offering of the Shares. Full-text copies of the Agreement and the legal opinion, including the related consent, of Foley Shechter Ablovatskiy LLP, the Company's outside corporate and securities counsel, are available at https://tinyurl.com/mzw6z6r and https://tinyurl.com/y8k569s4, respectively. About LiveOne Headquartered in Beverly Hills, California, LiveOne, Inc. -- www.liveone.com -- is a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is a pioneer in the acquisition, distribution and monetization of live music events, Internet radio, podcasting/vodcasting and music-related membership, streaming and video content. Through its comprehensive service offerings and innovative content platform, it provides music fans the ability to listen, watch, attend, engage and transact. Serving a global audience, the Company's mission is to bring the experience of live music and entertainment to consumers wherever music and entertainment is watched, listened to, discussed, deliberated or performed around the world. Los Angeles, CA-based Macias Gini & O'Connell LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated June 29, 2026, attached to the Company's Annual Report on Form 10-K for the year ended March 31, 2026, citing that the Company has suffered recurring losses from operations, negative cash flows from operating activities and has a net capital deficiency. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $46.88 million in total assets, $59.27 million in total liabilities, and $12.39 million in total stockholders' deficit. LOCKWOOD HOLDINGS: Contempt Ruling v. Sole Shareholder Upheld ------------------------------------------------------------- In the appeal styled Michael Lockwood, Appellant, versus B. Riley Financial, Incorporated; Mark Shapiro; GlassRatner Advisory & Capital Group, L.L.C., Appellees, No. 25-20434 (5th Cir.), Judges Jerry Edwin Smith, Stephen A. Higginson and Cory T. Wilson of the United States Court of Appeals for the Fifth Circuit upheld the decision of the United States District Court for the Southern District of Texas that affirmed the two orders by the bankruptcy court holding Michael Lockwood, sole shareholder of debtor Lockwood Holdings, Inc. ("Holdings") and related debtor entities, in civil contempt and awarding attorney fees and costs to Appellees. The debtors engaged Appellee GlassRatner Advisory & Capital Group, LLC to provide a chief restructuring officer ("CRO") -- Appellee Mark Shapiro. The debtors, through Shapiro, proposed -- and the bankruptcy court confirmed, over the objections of Lockwood -- a plan of reorganization. Lockwood did not appeal the order confirming the plan. Among other things, Section 11.3 of the confirmed plan released Appellees, including Shapiro, from any and all claims related to their work on behalf of the debtors. Almost two years after plan confirmation, Lockwood filed suit against Shapiro in Texas state court seeking damages of one billion dollars and asserting that Shapiro owed a duty to act for the benefit of Lockwood's personal interests and that his work as the CRO personally harmed Lockwood when his equity interest in the debtors was eliminated. Shapiro -- joined later by the other Appellees after Lockwood added them as defendants in the state court suit -- filed an emergency motion in the bankruptcy court to enforce the release and injunction provisions of the confirmation order. The bankruptcy court held a hearing on Appellees' emergency motion, and on February 8, 2021, the bankruptcy court entered an order granting the motion to enforce and ordering Lockwood to dismiss the state court suit with prejudice within 48 hours ("Enforcement Order"). Lockwood appealed the Enforcement Order to the district court. He also filed a motion for stay of the Enforcement Order pending appeal. The bankruptcy court denied the motion for stay. After entry of the Enforcement Order, when Lockwood failed to dismiss the state court case, Appellees filed a motion for contempt. At the hearing on the contempt motion, the bankruptcy court noted that there was no stay of the Enforcement Order because both that court and the district court had denied Lockwood's motions for stay pending appeal. After the hearing, the bankruptcy court entered its contempt order, dated April 16, ordering that Lockwood be incarcerated until he complied with the Enforcement Order. Importantly, however, the bankruptcy court provided several opportunities for Lockwood to avoid that sanction. In response to a further motion, filed by Lockwood, to modify both the Enforcement Order and the Contempt Order, the bankruptcy court held a hearing on April 21 at 9:30 a.m., at which time it denied the motion to modify. Thereafter, Lockwood self-surrendered. At 11:31 a.m., Lockwood filed an emergency motion for release attaching a "Notice of Non-suit Without Prejudice" that he had filed in state court. Although the Notice did not comply with the Enforcement Order, as the Notice dismissed the state court suit without prejudice instead of with prejudice, the bankruptcy court entered an order for the release of Lockwood. In connection with the Enforcement Order, the bankruptcy court also stated that it would require Lockwood to pay attorney fees for Appellees. Appellees filed a bill of costs, and Lockwood objected. The bankruptcy court then held a hearing on Lockwood's objection and entered an order granting fees to Appellees. Lockwood argues that the bankruptcy court's Contempt Order was based on improper grounds, because civil contempt sanctions may not have as their primary purpose the punishment of the contemnor or vindicating the authority of the court. Lockwood also argues that the bankruptcy court should have imposed less severe sanctions to gain compliance with the Enforcement Order. The panel holds, "We find no error in this conclusion of the district court that Lockwood failed to show an abuse of discretion by the bankruptcy court. Lockwood stated to both courts that he would not comply with the Enforcement Order, and the Contempt Order provided Lockwood with the opportunity to avoid incarceration if he would comply with the Enforcement Order. Further, the record shows he was released as soon as he did comply with the Enforcement Order. Finding no reversible error, the order of the district court, affirming the bankruptcy court, is affirmed." A copy of the Court's Opinion dated July 28, 2026, is available at https://urlcurt.com/u?l=EVI3Jn About Lockwood Holdings Lockwood Holdings, Inc. -- https://www.lockwoodint.com/ -- is a privately-owned company headquartered in Houston, Texas, that offers carbon steel pipe, carbon steel fittings & flanges, stainless steel pipe, stainless steel fittings & flanges, valves, valve automation, and engineered products. The company also provides services from MRO (maintenance, repair and operations) to large-scale projects, including design, engineering, automation, production, QA/QC, documentation, inspection, expedition and field service. Other in-house capabilities include light manufacturing and machining, modification, repair and NDE testing. Lockwood Holdings, Inc., sought Chapter 11 protection (Bankr. S.D. Tex. Case No. 18-30197) on Jan. 18, 2018. Its affiliates LH Aviation, LLC (Case No. 18-30198) and Piping Components, Inc. (Case No. 18-30199) filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on Jan. 24, 2018. The cases are jointly administered and are pending before Judge David R Jones. In the petitions signed by CEO Michael F. Lockwood, Lockwood Holdings estimated assets in the range of $10 million to $50 million and $50 million to $100 million in debt. LH Aviation and Piping Components estimated their assets in the range of $0 to $50,000 and $50 million to $100 million in debt. The Debtors tapped Jason S. Brookner, Esq., at Gray Reed & McGraw LLP as counsel, and Spagnoletti & Co. as their special litigation counsel. Imperial Capital, LLC, is the Debtors' investment banker; and jetAVIVA, LLC, is the aircraft broker. The Court appointed Keen-Summit Capital Partners, LLC as the Debtors' real estate broker, and Imperial Capital, LLC as their investment banker. The U.S. Trustee appointed an official committee of unsecured creditors. The Committee tapped McKool Smith, P.C., as its legal counsel, and Stout Risius Ross, LLC, as financial advisor. LORENZO'S DOG: Hires Blake Financial Advisory as Financial Advisor ------------------------------------------------------------------ Lorenzo's Dog Training Team LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Ohio to hire Blake Financial Advisory Services, LLC as financial advisor. The professional services Blake Financial is to render are: to provide assistance with respect to financial bookkeeping, preparation of financial statements, monthly operating reports, negotiations with creditors, development of a plan of reorganization and other matters as necessary. The firm will charge $300 per hour for its services. The firm holds a retainer of $8,995. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Stephen Blake, a partner at Blake Financial Advisory Services, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Stephen Blake Blake Financial Advisory Services, LLC 20631 Beaconsfield Blvd. Rocky River, OH 44116 Tel: (480) 982-0477 About Lorenzo's Dog Training Team LLC Lorenzo's Dog Training Team, LLC operates a dog training education organization for individuals seeking to become dog trainers. The company is based in Cleveland, Ohio. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-12667) on June 9, 2026, with up to $50,000 in assets and up to $10 million in liabilities. Timothy L. Miller, president of Lorenzo's Dog Training Team, signed the petition. Judge Suzana Krstevski Koch oversees the case. Michael A. Steel, Esq., at Michael Steel, represents the Debtor as legal counsel. LOTUS & THE ROOSTER: Lisa Rynard Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Lisa Rynard, Esq., at the Law Office of Lisa A. Rynard as Subchapter V trustee for Lotus & The Rooster Holdings Company. Ms. Rynard will be paid an hourly fee of $325 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Rynard declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Lisa A. Rynard, Esq. Law Office of Lisa A. Rynard 240 Broad Street Montoursville, PA 17754 Phone: (570) 505-3289 Email: larynard@larynardlaw.com About Lotus & The Rooster Holdings Company Lotus & The Rooster Holdings Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-02065) on July 24, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Henry W. Van Eck presides over the case. Robert E. Chernicoff, Esq. at Cunningham And Chernicoff PC represents the Debtor as legal counsel. LOTUS AND THE ROOSTER: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------- Lotus and The Rooster Holdings Company, LLC received interim approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to pay regular expenses, including any fees owed to the Office of the U.S. Trustee and bankruptcy professionals based on a court-approved budget. The Debtor's cash collateral consists of cash, accounts receivable, and inventory. As of the petition date, the Debtor had approximately $7,000 in accounts receivable, $5,000 in inventory, and minimal cash on hand. Secured lenders with potential claims on the Debtor's accounts receivable and other assets include M&T Bank (owed approximately $247,650), Celtic Bank (owed approximately $20,000), and Marlin/PEAC Solutions (owed approximately $64,00). Several merchant cash advance lenders such as IOU Financial and Vox Funding may also hold potential liens. Pursuant to the interim order, secured lenders will be granted protection through replacement liens on the Debtor's post-petition cash collateral. In case this protection is not adequate, lenders will receive superpriority administrative claim. Any party holding funds of the Debtor is required to release such funds to the Debtor upon request. The order is available at http://bankrupt.com/misc/LotusTheRooster_CCOrder23.pdf A final hearing is scheduled for August 25. About Lotus and The Rooster Holdings Company Lotus and The Rooster Holdings Company, LLC, doing business as The Cozy Penguin (formerly known as Koala Insulation of Central Pennsylvania) sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-02065) on July 24, 2026. In the petition signed by Salim Makhlouf, owner, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Henry W. Van Eck oversees the case. Robert E. Chernicoff, Esq., at Cunningham, Chernicoff & Warshawsky PC, represents the Debtor as legal counsel. LOUIS INVESTMENTS: Court Orders Chapter 11 Trustee Appointment -------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that a Texas bankruptcy judge has ordered the appointment of a Chapter 11 trustee to take control of the bankruptcy case of Louis Investments LLC, saying the proceedings had descended into "weeks of chaos" that threatened the orderly administration of the estate. The judge concluded that an independent fiduciary was needed to stabilize the case and protect creditors' interests. The bankruptcy involves Louis Investments, a real estate management company linked to international arms dealer Sarkis Soghanalian, whose business affairs have drawn scrutiny for years. The court cited repeated disputes over management authority, inconsistent filings and concerns about the debtor's governance as reasons for removing control from existing management and placing the estate under a trustee, according to report. The newly appointed trustee will assume responsibility for managing the debtor's operations, investigating the estate's affairs and overseeing the Chapter 11 process. The court said the appointment was necessary to restore confidence in the proceedings and ensure the bankruptcy moves forward in an orderly manner for the benefit of creditors, the report states. About Louis Investments LLC Louis Investments, LLC is a single-asset real estate company. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33110) on July 10, 2026, with $10 million to $50 million in assets and liabilities. Marc Kulick, authorized signer, signed the petition. Joyce Lindauer, Esq. at LINDAUER & VAUGHN represents the Debtor as legal counsel. LUGANO DIAMONDS: Ex-CEO Wants to File Rival Bankruptcy Plan ----------------------------------------------------------- James Nani of Bloomberg Law reports that former Lugano Diamonds & Jewelry Inc. CEO Mordechai "Moti" Ferder is opposing the company's request to extend its exclusive right to file a Chapter 11 plan, arguing that the Delaware bankruptcy court should instead open the process to competing creditor proposals. Ferder said Lugano's current restructuring strategy improperly favors its corporate parent, Compass Group Diversified Holdings. In a filing submitted Monday, July 27, 2026, Ferder argued that the debtor's proposed liquidation represents a "sweetheart deal" that benefits Compass while limiting potential recoveries for creditors. He maintained that the company has already had ample opportunity to formulate a restructuring plan and should no longer receive the protections afforded by exclusivity. If the court terminates the exclusivity period, creditors and other interested parties would be able to submit alternative Chapter 11 plans for consideration. Ferder argued that increased competition could lead to a more equitable resolution and potentially improve recoveries for unsecured creditors, the report relays. Lugano entered Chapter 11 after accounting issues and alleged misconduct triggered financial distress and an internal review. The bankruptcy has since evolved into a contested liquidation proceeding, with stakeholders continuing to debate how the company's remaining assets should be distributed, according to Bloomberg Law. About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc. designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on November 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. M T J PAINT: Seeks to Hire Javier Garcia CPA as Bookkeeper ---------------------------------------------------------- M T J Paint and Body Shop Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Javier Garcia, CPA as bookkeeper. The firm's services include: a. preparation and updating accounting transactions for the month; b. record the invoices prepared during the month; c. record the bills received during the month; and d. preparation of Month Operating Reports. Mr. Garcia will receive $800 per month for his services. Mr. Garcia assured the court that he is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Javier Garcia 296 Apache Street Miami Springs, FL 33166 Phone: (305) 392-1166 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. M&L EXPRESS: Court Denies Vehicles Sale --------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, at Greenbelt, has denied M&L Express LLC, to sell Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor's Assets are comprised of a 2007 XL 160 HDG Tri/A Gooneck Trailer, 2007 60 MB Tri/A Booster Axle, and 2009 100 JPS Jeep. The Debtor has obtained a fully executed contract for the private sale of the Property for the amount of $120,000.00; Trailer: $80,000.00, Axle: $20,000.00, and Jeep $20,000.00. The prospective purchaser of the Property is Pablo Guereca, Jr., an arms length purchaser. However, the Court has denied the motion. The Court's July 21, 2026 Order Shortening Time required the Debtor to serve the Order and file a certificate of service by July 22, 2026. In addition, the Court's July 24, 2026 Court instruction directed the Debtor to file a supplement setting forth the information required by Local Bankruptcy Rule 6004-3 and file a certificate of service by July 27, 2026. The Debtor did neither. Therefore, the motion is denied without prejudice. The July 29, 2026 hearing on the motion to sell is cancelled and has been removed from the Court's calendar. About M&L Express, LLC M&L Express, LLC is a transportation and logistics company that provides trucking and freight delivery services. The company operates in the commercial transportation sector, serving customers with cargo movement and logistics solutions. M&L Express, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15686) on May 29, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge (not specified in available court records) handles the case. The Debtor is represented by David Erwin Cahn, Esq. of Law Office of David Cahn, LLC. MAG43 LLC: Commences Chapter 11 Bankruptcy in California -------------------------------------------------------- On July 22, 2026, Mag43 LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Hawthorne, California-based real estate investment company reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million, with between 1 and 49 creditors. August 5, 2026 Set as Deadline for Statement of Financial Affairs (Official Form 107 or 207). About Mag43 LLC Mag43 LLC is a Hawthorne, California-based real estate investment and holding company engaged in owning and managing investment properties. Court records indicate the company remains an active business entity in California and is continuing operations while restructuring under Chapter 11. The bankruptcy filings do not specify the reasons behind the filing. Mag43 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17240) on July 22, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Barry Russell is overseeing the bankruptcy case. MBA INVESTMENTS: Has Deal on Cash Collateral Access --------------------------------------------------- MBA Investments, LLC and Newtek Bank advise the U.S. Bankruptcy Court for the District of Arizona that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The Debtor has two separate loans from Newtek. The first loan, executed on February 29, 2024, is a $650,000 promissory note under a 10-year term at Prime plus 3%, carrying initial monthly principal and interest payments of $9,180. The second loan, executed on August 28, 2024, is a $50,000 promissory note under a 6-year term at Prime plus 6.50%, carrying initial interest-only monthly payments of $650 for the first three years. Both loans are secured by blanket liens on substantially all of the Debtor's personal property—including inventory, equipment, deposit accounts, and accounts receivable—as perfected via recorded UCC-1 filings with the Arizona Secretary of State. Under the negotiated terms, Newtek consents to the Debtor's use of cash collateral retroactive from the Petition Date through September 30, 2026 (or until plan confirmation, conversion, or dismissal), strictly for ordinary and necessary operational expenses outlined in an agreed-upon budget, with an aggregate disbursement variance allowance capped at 10%. As adequate protection under 11 U.S.C. sections 361 and 363, Newtek receives perfected replacement liens on all post-petition revenues to the extent its cash collateral diminishes due to post-petition use. Additionally, the agreement requires the Debtor to remit monthly adequate protection payments starting August 1, 2026, maintain required property insurance listing Newtek as an additional insured or loss payee, submit monthly operating reports and budget variance reconciliations, and comply with Code rules for professional fee payments. Insider compensation to Marcus Reed is permitted strictly as budgeted upon entry of a final order. The parties affirm that the agreement was negotiated at arm's length in good faith, noting that preservation of the spa's going-concern value provides further adequate protection to Newtek. A court hearing is set for August 18. A copy of the stipulation is available at https://urlcurt.com/u?l=Y4oCn8 from PacerMonitor.com. About MBA Investments LLC MBA Investments, LLC is an investment and asset management company engaged in business and financial investment activities. MBA Investments filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-05919) on June 16, 2026. In its petition, the Debtor reported assets of up to $100,000 and liabilities of between $100,001 and $1 million. Honorable Bankruptcy Judge Paul Sala handles the case. The Debtor is represented by Allan D. Newdelman, Esq., at Allan D. Newdelman PC. METERED APPLIANCES: To Sell Laundry Biz Assets to CPIL LLC ---------------------------------------------------------- Metered Appliances Inc. seeks permission from the U.S. Bankruptcy Court for the Eastern District of New York to sell certain laundry room assets, free and clear of liens, claims, interests, and encumbrances. The Debtor seeks approval of a going concern sale of six of its interior laundry room operations to CPIL LLC for an aggregate purchase price of $117,500.00. The sale is the product of a process that produced two prospective purchasers, one of whom was referred to the Debtor by the subchapter V trustee, and it will generate the funds necessary to make a meaningful distribution to unsecured creditors under the Debtor's Second Amended Subchapter V Plan. The transactions are documented in two separate asset purchase agreements with the same purchaser, one covering a single Brooklyn location at $17,500.00, the other covering five locations at $100,000.00. They are deliberately not cross defaulted, so that a failure to close on one does not defeat the other. The Debtor seeks approval of both in the single Motion, and asks that the Court be free to approve either independently of the other. The Debtor operates coin and card operated interior laundry room facilities in residential cooperative, condominium, and apartment buildings in the New York metropolitan area. The Debtor installs and maintains washers, dryers, and payment systems in building laundry rooms pursuant to agreements with the building owners, and derives its revenue from the machines. The Debtor and CPIL LLC, a New York limited liability company, have agreed upon the terms of two separate asset purchase agreements. The assets to be sold under the Purchase Agreements consist of the Debtor's laundry equipment, card and payment systems, route records, and related personal property at the six locations. Each note is secured by a first priority lien on the assets sold under the agreement to which it relates, perfected by the filing of a financing statement. Together the notes provide the estate, and following confirmation the reorganized Debtor, with $2,622.46 per month, or approximately $31,469 per year, in addition to operating income. The Debtor submits that the allocation is the sound exercise of its business judgment. It preserves the going concern value of the equipment at all six Locations, it satisfies in full every counterparty whose agreement the estate is able to assume, and it converts into general unsecured claims the two obligations the estate cannot fund without consuming the entire purchase price. The building owners are the parties most directly affected by the Motion, and the Debtor addresses their position directly rather than leaving it to be inferred from the relief requested. As to 301 East 79th Street and 750/730 West Broadway, the Debtor states plainly what the Motion does and does not do. The Debtor is selling its own personal property. Neither Purchase Agreement conveys to the Purchaser any interest in either building, any right to occupy space in either building, or any right arising under the rejected agreement. The building owner at each of those two Locations retains every right it has under applicable non-bankruptcy law with respect to the presence of equipment on its premises, and the Purchaser acquires the equipment subject to those rights and at its own risk. If the Purchaser and the building owner do not reach agreement, the Purchaser must remove the equipment at its own expense and within a reasonable period. The Debtor requests that the Sale Order so provide. The Debtor does not minimize what rejection means for those two counterparties. Their arrears, $39,580.00 and $50,535.00 respectively, will not be cured. The Debtor will retain all of its other laundry room operations, which will continue to generate the operating income that, together with the proceeds of the sale, will fund the Debtor's Second Amended Subchapter V Plan. Each Purchase Agreement was negotiated at arm's length and in good faith between parties with no prior relationship. The Debtor acknowledges its fiduciary obligation to maximize value for the estate. The Debtor will consider any higher and better offer for the Acquired Assets received prior to the hearing on the Motion, and will present any such offer to the Court at the hearing. The Debtor discloses that each of the two letters of intent contained a provision under which the Debtor agreed not to market or negotiate a sale with any other party during the Purchaser's diligence period. About Metered Appliances Inc. Metered Appliances, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73481) on September 9, 2025, listing up to $50,000 in assets and liabilities. Judge Alan S. Trust presides over the case. Charles Wertman, Esq., at the Law Offices of Charles Wertman P.C. represents the Debtor as bankruptcy counsel. MF GLOBAL: Unveils Complex Plan to Accelerate Ch. 11 Payouts ------------------------------------------------------------ Vince Sullivan of Law360 Bankruptcy Authority reports that MF Global Holdings Ltd. has proposed a complex restructuring designed to accelerate payments to unsecured creditors more than a decade after its Chapter 11 filing. The commodities brokerage told a New York bankruptcy judge that the multistep transaction would simplify the estate and improve overall creditor recoveries. According to court filings, the restructuring would reorganize the remaining estate assets through a series of transactions intended to eliminate inefficiencies and reduce the costs associated with maintaining the post-confirmation estate. The debtor said those changes would allow distributions to be made earlier than would otherwise be possible. The debtor asked the New York bankruptcy court to approve the restructuring as the next step toward completing its lengthy Chapter 11 case. Approval would allow the estate to implement the proposed transactions and advance the final phase of the bankruptcy process, the report states. About MF Global New York-based MF Global -- http://www.mfglobal.com/-- was one of the world's leading brokers of commodities and listed derivatives. MF Global provides access to more than 70 exchanges around the world. The firm also was one of 22 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York. MF Global's roots go back nearly 230 years to a sugar brokerage on the banks of the Thames River in London. On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 11-15059 and 11-5058), after a planned sale to Interactive Brokers Group collapsed. As of Sept. 30, 2011, MF Global had $41,046,594,000 in total assets and $39,683,915,000 in total liabilities. On Nov. 7, 2011, the United States Trustee appointed the statutory creditors' committee in the Debtors' cases. At the behest of the Statutory Creditor's Committee, the Court directed the U.S. Trustee to appoint a chapter 11 trustee. On Nov. 28, 2011, the Bankruptcy Court entered an order approving the appointment of Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC, as Chapter 11 trustee. On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services LLC and MF Global FX Clear LLC filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and 11-15810). On Dec. 27, the Court entered an order installing Mr. Freeh as Chapter 11 Trustee of the New Debtors. On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr. Freeh also was installed as its Chapter 11 Trustee. Judge Honorable Martin Glenn presides over the Chapter 11 case. J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve as bankruptcy counsel. The Garden City Group, Inc., serves as claims and noticing agent. The petition was signed by Bradley I. Abelow, Executive Vice President and Chief Executive Officer of MF Global Finance USA Inc. The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan LLP, as investigative counsel; (ii) FTI Consulting Inc., as restructuring advisors; (iii) Morrison & Foerster LLP, as bankruptcy counsel; and (iv) Pepper Hamilton as special counsel. The Official Committee of Unsecured Creditors has retained Capstone Advisory Group LLC as financial advisor, while lawyers at Proskauer Rose LLP serve as counsel. The Securities Investor Protection Corporation commenced liquidation proceedings against MF Global Inc. to protect customers. James W. Giddens was appointed as trustee pursuant to the Securities Investor Protection Act. He is a partner at Hughes Hubbard & Reed LLP in New York. Jon Corzine, the former New Jersey governor and co-CEO of Goldman Sachs Group Inc., stepped down as chairman and chief executive officer of MF Global just days after the bankruptcy filing. In April 2013, the Bankruptcy Court approved MF Global Holdings' plan to liquidate its assets. Bloomberg News reported that the court-approved disclosure statement initially told creditors with $1.134 billion in unsecured claims against the parent holding company why they could expect a recovery of 13.4% to 39.1% from the plan. As a consequence of a settlement with JPMorgan, supplemental materials informed unsecured creditors their recovery was reduced to the range of 11.4% to 34.4%. Bank lenders will have the same recovery on their $1.174 billion claim against the holding company. As a consequence of the settlement, the predicted recovery became 18% to 41.5% for holders of $1.19 billion in unsecured claims against the finance subsidiary, one of the companies under the umbrella of the holding company trustee. Previously, the predicted recovery was 14.7% to 34% on bank lenders' claims against the finance subsidiary. MIC MANAGEMENT: Hires Orantes Law Firm P.C. as Counsel ------------------------------------------------------ MIC Management LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ The Orantes Law Firm, P.C. as counsel. The firm will provide these services: (a) bring forward a plan of reorganization expeditiously, as well as provide the Debtor more general services, such as to advise the Debtor with respect to compliance with the requirements of the Office of the United States Trustee; (b) advise the Debtor regarding matters of bankruptcy law, including his rights and remedies in regards to his assets and in regards to the claims of creditors; (c) represent the Debtor in any proceedings or hearings in the Bankruptcy Court and in any action in any other court where the Debtor's rights under the Bankruptcy Code may be litigated or affected, subject to the Firm's specific agreement; (d) conduct examinations of witnesses, claimants, or adverse parties and to prepare and assist in the preparation of reports, accounts, and pleadings related to this Chapter 11 case including reviewing, not drafting, monthly operating reports; (e) advise the Debtor concerning the requirements of the Bankruptcy Court and applicable rules as the same affect the Debtor in these proceedings; and (f) assist the Debtor in the negotiation, formulation, confirmation, and implementation of a Plan of Reorganization for Small Business Under Chapter 11. Giovanni Orantes, Esq. will receive an hourly rate of $695, $350 for associates, and an hourly rate of $160 to 180 applies to paralegals and law clerks. Prior to the petition date, the firm received from the Debtor a retainer of $11,786. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The Orantes Law Firm, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Giovanni Orantes, Esq. The Orantes Law Firm, P.C. 3435 Wilshire Blvd. 27th Floor Los Angeles, CA 90010 Telephone: (213) 389-4362 Facsimile: (877) 789-5776 E-mail: go@gobklaw.com About MIC Management LLC Mic Management LLC is a business management and consulting firm that provides operational, administrative, and financial management services to various enterprises. The company focuses on supporting business efficiency and organizational oversight. Mic Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12147) on March 23, 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 Magdalena Reyes Bordeaux handles the case. The Debtor is represented by Giovanni Orantes, Esq., of Orantes Law Firm PC. MODIVCARE INC: Replaces Walker & Patterson as Counsel ----------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that ModivCare Inc. replaced its bankruptcy counsel after a dispute over compliance with its confirmed Chapter 11 plan escalated into a possible civil contempt proceeding. During a Tuesday hearing, U.S. Bankruptcy Judge Alfredo R. Pérez approved an emergency request by Walker & Patterson PC to withdraw as the medical transportation company's legal counsel after the firm said it had been terminated. According to court filings, Walker & Patterson informed the court that ModivCare sent a July 23, 2026 letter ending the firm's representation effective immediately and directing it to stop all legal work. The law firm did not disclose the reasons behind its dismissal but sought expedited court approval to withdraw, citing the company's instructions. The hearing came as the bankruptcy court considered whether ModivCare should be held in civil contempt for allegedly failing to comply with obligations imposed under its confirmed Chapter 11 reorganization plan. The contempt dispute centered on claims that the company had not fully carried out certain requirements established when the plan became effective, according to Bloomberg. The parties later advised the court that they had reached a resolution of the underlying fee dispute, eliminating the need for further litigation over the issue. With new counsel expected to assume representation, the bankruptcy case will proceed while the court monitors the company's compliance with its confirmed restructuring plan, the report states. About Modivcare Inc. ModivCare Inc. is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their members. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90309) on August 20, 2025. In the petition signed by Chad J. Shandler, chief transformation officer, the Debtor disclosed up to $10 billion in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Timothy A. Davidson II, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. MONTANA TUNNELS: Seeks Chapter 11 Bankruptcy in Montana ------------------------------------------------------- On July 27, 2026, Montana Tunnels Mining, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Montana. According to court filings, the debtor reports estimated liabilities of $10 million to $50 million and estimated assets of $100 million to $500 million. The petition states that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. A meeting of creditors under Section 341(a) to be held on September 3, 2026 at 09:30 AM via Telephonic Meeting. About Montana Tunnels Mining, Inc. Montana Tunnels Mining, Inc. is a Jefferson City, Montana-based mining company that owns and operates an open-pit mine producing gold, silver, lead, and zinc. The company is engaged in the exploration, development, and production of precious and base metals. Montana Tunnels Mining, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20193) on July 27, 2026. In its petition, the debtor reported estimated assets of $100 million to $500 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Benjamin P. Hursh is overseeing the case. The debtor is represented by James A. Patten, Esq. of Patten Peterman Bekkedahl Green PLLC. MONTANA TUNNELS: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Montana Tunnels Mining, Inc. 270 Montana Tunnels Rd Jefferson City, MT 59638 Business Description: Montana Tunnels Mining, Inc. owns the Montana Tunnels Mine near Jefferson City, Montana. The property includes an open-pit mine and milling facility historically used to produce gold, silver, zinc, and lead. Mining operations ceased in 2009, and the site has since been maintained under care, maintenance, and reclamation activities. Chapter 11 Petition Date: July 27, 2026 Court: United States Bankruptcy Court District of Montana Case No.: 26-20193 Judge: Hon. Benjamin P. Hursh Debtor's Counsel: James A. Patten, Esq. PATTEN PETERMAN BEKKEDAHL & GREEN 401 N. 31st Street Ste 800 Billings MT 59101 E-mail: APATTEN@PPBGLAW.COM Estimated Assets: $100 million to $500 million Estimated Liabilities: $10 million to $50 million The petition was signed by Patrick Imeson as chief executive officer. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/O4XM3ZY/MONTANA_TUNNELS_MINING_INC__mtbke-26-20193__0001.0.pdf?mcid=tGE4TAMA MTF HOLDINGS: Trustee Taps Pashman Stein Walder Hayden as Counsel ----------------------------------------------------------------- Claudia Z. Springer, Chapter 11 Trustee for MTF Holdings LLC and its affiliated debtors, seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Pashman Stein Walder Hayden, P.C. as bankruptcy counsel. The firm will render these services: a. perform all necessary services as the Trustee's bankruptcy counsel, including, without limitation, providing the Trustee with advice, representing the Trustee, and preparing necessary documents on behalf of the Trustee in the areas of restructuring and bankruptcy; b. take all necessary actions to protect and preserve the Debtors' estates during these Chapter 11 Cases, including the prosecution of actions by the Trustee, the defense of any actions commenced against the Trustee, negotiations concerning litigation in which the Trustee is involved, and objecting to claims filed against the estates; c. prepare or coordinate preparation on behalf of the Trustee, any necessary motions, applications, answers, orders, reports, and papers in connection with the administration of these Chapter 11 Cases; d. counsel the Trustee with regard to her rights and obligations as Chapter 11 trustee; e. coordinate with the Trustee's other professionals in representing the Trustee in connection with these cases; and f. perform all other necessary or requested legal services. Pashman's current hourly rates are: Partners $620 to $1,000 Of Counsel $580 to $925 Counsel $450 to $650 Associates $400 to $580 Paraprofessionals $375 to $400 Joseph Barsalona III, Esq., a partner at Pashman Stein Walder Hayden, disclosed in a court filing 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: Joseph Barsalona III, Esq. Pashman Stein Walder Hayden PC 21 Main St., Ste. 200 Hackensack, NJ 07601 Telephone: (201) 488-8200 About MTF Holdings MTF Holdings, LLC is a privately held investment holding company that manages strategic investments across real estate, corporate equity, and alternative asset classes. The company is based in Lancaster, Pa., and engages in allocating capital and providing oversight to its portfolio businesses. MTF Holdings and five affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Lead Case No. 26-10236) on January 21, 2026. At the time of the filing, MTF Holdings listed between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Patricia M. Mayer oversees the cases. The Debtors are represented by Albert Anthony Ciardi, III, Esq. at Ciardi Ciardi & Astin. MYLIFE.COM: US Gov't Wants Jake Diiorio as Receiver --------------------------------------------------- The United States of America filed a motion with the U.S. District Court for the Central District of California, seeking the appointment of Jake Diiorio as receiver for MyLife.com, Inc. and Jeffrey Tinsley, an officer of MyLife.com. On December 15, 2021, the Court entered a Stipulated Order for Permanent Injunction and Equitable Monetary Relief that the Parties had agreed to in order to resolve this case. The Stipulated Order requires Defendant Jeffrey Tinsley to make a series of payments to the United States by particular dates, and it specifically provides that in the event that he fails to do so, Defendant consents to the appointment of a receiver by the Court for purpose of taking possession and control of and liquidating the Collateral real property located at 85 Crestview Ave, Camarillo, CA 93010 so that the United States' monetary judgment against Defendant Tinsley can be satisfied. The United States filed this case on July 27, 2020, alleging that MyLife and its founder and CEO, Mr. Tinsley, committed deceptive business practices in violation of federal laws: (1) Section 5(a) of the Federal Trade Commission Act; (2) the Telemarketing Sales Rule; (3) the Restore Online Shoppers' Confidence Act; and (4) the Fair Credit Reporting Act. Defendants sold subscription-based services on their website and by phone that allowed users to search for and view profiles of personal information about millions of American consumers. The Complaint alleges Defendants lured in customers through false or misleading representations about searched-for individuals and their potential criminal or sexual offense records and about the features and capabilities of MyLife's services, sold those customers automatically renewing subscriptions without clearly and conspicuously disclosing material transaction terms, and then made it difficult or impossible for the customers to cancel their subscriptions or obtain refunds. The Court granted in part the Government's motion for summary judgment, holding that MyLife violated the FTC Act, the TSR, and ROSCA and was liable for $33,945,698.00 in consumer redress. The Court also held that injunctive relief was warranted, particularly given MyLife's longstanding "history of misconduct," which had continued even after a settlement in one prior consumer protection case and an Injunction in another prohibited it from engaging in similar conduct. The summary judgment decision left for trial, inter alia, whether additional violations were committed, whether civil penalties would be awarded, and whether Defendant Tinsley was personally liable for redress and penalties. Following the Court's summary judgment decision, the Parties negotiated and agreed to a settlement and presented the Court with a proposed stipulated order that included a $28,945,968 monetary judgment against MyLife, a $5 million judgment against Mr. Tinsley, injunctions against both Defendants designed to safeguard against them continuing to victimize consumers, and provisions to enable the Government to monitor each Defendant's compliance. To facilitate the payment of the monetary judgment against Mr. Tinsley, the Stipulated Order provides a schedule by which Mr. Tinsley was required to make one payment of $300,000 and then sixteen discrete payments of $293,750 until his judgment was satisfied. The Stipulated Order further provides that, to secure his payment obligations, Mr. Tinsley grants Plaintiff a security interest in the Collateral. In the event that Mr. Tinsley fails to abide by the payment schedule set forth in the Stipulated Order the entire judgment, less any amounts previously paid, immediately becomes due and begins accruing interest and Mr. Tinsley consents to the appointment of a receiver by the Court for purpose of taking possession and control of and liquidating the Collateral Property. The Stipulated Order also specifies that the costs and expenses of the receivership, including reasonable compensation for the receiver and personnel retained by the receiver, shall be paid solely from the proceeds of the sale of the Collateral. The Court entered the Stipulated Order on December 15, 2021. Pursuant to the schedule in the Stipulated Order, Mr. Tinsley timely made full payments prior to December 31, 2024. However, on December 31, 2024, Mr. Tinsley failed to pay the full $293,750 required under the Stipulated Order, but rather paid only $25,000. Mr. Tinsley has not made a payment since. According to the terms of the Stipulated Order, the full remaining value of the Stipulated Order ($1,443,750.00) became immediately payable and has been accruing interest since December 31, 2024, and Mr. Tinsley has consented to the appointment of a receiver to facilitate the sale of the Collateral Property. Including interest, Mr. Tinsley currently owes $1,536,613.19. The Government contends the appointment of a receiver is appropriate because it is explicitly called for by the Stipulated Order, because such an appointment would benefit all parties and promote justice by ensuring the United States' judgment against Mr. Tinsley is paid in full, and because such an appointment is common in governmental enforcement actions brought under consumer protection laws. Courts in the Ninth Circuit routinely appoint a receiver to liquidate assets in enforcement actions brought by the United States. In appointing a receiver, this Court would also join many other courts within the Ninth Circuit that have awarded such relief in cases where the defendant has engaged in violations of federal consumer protection laws. About Mylife.com Inc. Mylife.com, Inc. owns a real property located at 85 Crestview Ave, Camarillo, CA 93010. Mylife.com is facing a lawsuit captioned as United States of America v. MyLife.com, Inc. and Jeffrey Tinsley, Case No. 2:20-cv-06692 (C.D. Calif.), before the Hon. John F. Walter. The case was filed on July 27, 2020. The US government alleges that Mylife.com and its founder and CEO, Jefrey Tinsley, committed deceptive business practices in violation of federal laws; Section 5(a) of the Federal Trade Commission Act, Telemarketing Sales Rule, Restore Online Shoppers' Confidence Act, and Fair Credit Reporting Act. Attorneys for the US government: Brett A. Shumate, Esq. Sarmad M. Khojasteh, Esq. Lisa K. Hsiao, Esq. Zachary A. Dietert, Esq. Daniel J. Petrokas, Esq. U.S. Department of Justice Civil Division Enforcement & Affirmative Litigation Branch 450 5th Street, NW, Suite 6400-South Washington, DC 20530 Tel: (202) 742-7090 E-mail: Daniel.J.Petrokas@usdoj.gov NETCAPITAL INC: Delays 10-K, Expects $9.23M Net Loss for FY2026 --------------------------------------------------------------- Netcapital Inc. filed a Form 12b-25 with the Securities and Exchange Commission notifying the Commission of a delay in filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2026. The Company stated that the 10-K could not be filed by the prescribed due date without unreasonable effort or expense, as additional time is required to complete and finalize supporting documentation and related disclosures concerning certain assets. Netcapital expects to file the Annual Report on Aug. 13, 2026, within the 15-day extension period permitted under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The Company confirmed that all other periodic reports required during the preceding 12 months have been filed. Netcapital does anticipate significant changes in its results of operations compared to the prior fiscal year. Preliminary Financial Highlights (unaudited): Based on information available at this time, and subject to finalization of the Company's financial statements and Annual Report on Form 10-K, the Company expects total revenues for the year ended April 30, 2026 to decrease by $408,577, or approximately 47.0%, to $460,883, compared with $869,460 for the year ended April 30, 2025. The decrease primarily reflects fewer funding portal offerings and successful closings. The number of offerings launched decreased to 29 in fiscal 2026 from 38 in fiscal 2025, and the number of successful closings decreased to 16 from 49. Total costs and expenses are expected to increase by $590,101, or 6.4%, to $9,740,534 in fiscal 2026 from $9,150,433 in fiscal 2025. Payroll and payroll-related expenses are expected to increase by $1,047,255, or 29.9%, to $4,549,421, and consulting expense is expected to increase by $250,657, or 79.6%, to $565,604. These increases are expected to be partially offset by a $696,418, or 13.4%, decrease in general and administrative costs to $4,519,635. As a result, operating loss is expected to increase by $973,591, or 11.7%, to $9,294,908. Total other income (expense) is expected to improve by $20,045,583, to income of $65,575 in fiscal 2026 from expense of $19,980,008 in fiscal 2025. The principal reason for the improvement is an expected $19,486,858 decrease in impairment expense, to $428,698 in fiscal 2026 from $19,915,556 in fiscal 2025. Fiscal 2026 also includes a $750,000 insurance recovery, compared with none in fiscal 2025. Net loss is expected to decrease by $19,071,992, or 67.4%, to $9,229,333 in fiscal 2026 from $28,301,325 in fiscal 2025. Basic and diluted net loss per share are each expected to be $2.08 in fiscal 2026, compared with $20.39 in fiscal 2025. The foregoing amounts are preliminary and unaudited and may be revised as a result of finalization of the Company's financial statements and Annual Report on Form 10-K. About Netcapital Inc. Headquartered in Boston, Mass., Netcapital Inc. -- www.netcapital.com -- is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company's funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities' association. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2017, issued a "going concern" qualification in its report dated Aug. 12, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2025, citing that the Company has a negative working capital, operating losses, and negative cash flows from operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of Jan. 31, 2026, the Company had $26.06 million in total assets, $4.46 million in total liabilities, and $21.60 million in total stockholders' equity. NEW ENGLAND INVESTMENT: Hires Louis S. Robin as Bankruptcy Counsel ------------------------------------------------------------------ New England Investment Holding Corp. seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire the Law Offices of Louis S. Robin to serve as legal counsel. The firm will provide these services: (a) draft the Debtor's motions and orders concerning necessary pleadings to continue the Chapter 11 Case; (b) counsel and assist the Debtor in the resolution of its financial problems and the implementation of a Plan of Reorganization; (c) provide legal advice with respect to the powers and duties of the debtor in possession in the continued operation of its business; (d) assist the Debtor in compliance with the requirements of the United States Trustee; (e) prepare, on behalf of the Debtor, necessary motions, orders, complaints, answers, notices, and other legal documents and pleadings; and (f) perform other related legal services for the Debtor which may be necessary. Louis S. Robin, Esq. will charge for legal services at the rate of $350 per hour. The firm has received $5,500 as an initial retainer. The Law Offices of Louis S. Robin is a "disinterested person" within the meaning of Section 327 of the Bankruptcy Code, according to court filings. The firm can be reached at: Louis S. Robin, Esq. LAW OFFICES OF LOUIS S. ROBIN 1200 Converse Street Longmeadow, MA 01106 Telephone: (413) 567-3131 Facsimile: (413) 565-3131 E-mail: louis.robin.bankruptcy@gmail.com About New England Investment Holding Corp. New England Investment Holding Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-30429) on June 30, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Louis S. Robin, Esq., at the Law Offices of Louis S. Robin represents the Debtor as bankruptcy counsel. NOVATECH FS: Seeks to Hire Greenberg Traurig as Special Counsel --------------------------------------------------------------- Novatech FS seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Greenberg Traurig, LLP as special counsel. The firm will represent the Debtor in general corporate matters, securities, contracts, intellectual property and employment law matters. The firm will be paid at these rates: Michelle Rowe Hallsten $925 per hour Attorneys $120 to $1,800 per hour Paralegals $110 to $525 per hour Greenberg Traurig, LLP is a "disinterested person" within the meaning of 11 U.S.C. 101(14), according to court filings. The firm can be reached through: Michelle Rowe Hallsten, Esq. Greenberg Traurig, LLP 400 Capitol Mall, Suite 2400 Sacramento, CA 95814 Direct: (916) 868-0663 Tel: (916) 442-1111 Email: hallstenm@gtlaw.com About Novatech FS Novatech FS, a Nevada corporation, is engaged in the research, development, and commercialization of advanced safety, thermal management, and emergency response technologies. Novatech FS filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-50035) on January 14, 2026. In the petition signed by Rafael Cappucci, president, the Debtor disclosed up to $1 million in estimated assets and up to $10 million in estimated liabilities. Judge Hilary L. Barnes oversees the case. Stephen R. Harris, Esq., at Harris Law Practice, LLC represents the Debtor as counsel. NYC OF PIERMONT: Seeks Cash Collateral Access --------------------------------------------- NYC of Piermont LLC asks the U.S. Bankruptcy Court for the Southern District of New York for authority to use cash collateral. The Debtor asserts that immediate court authorization to use cash collateral -- comprising daily restaurant receipts, credit card proceeds, and operating revenues -- is vital to avoid an abrupt shutdown and preserve the business's going-concern value. Secured creditors asserting rights to this cash collateral include landlord Piermont Plaza Realty LLC and Community Bank & Trust West Georgia. Citing constrained working capital resulting from prior fraud-related losses, the Debtor proposes operating under a six-month projected budget (July 1 – December 31). The budget highlights marked seasonal swings, projecting net sales to drop from summer peaks of $220,000 in July and $260,000 in August to $72,000 in November and $53,000 in December, leading to negative operating cash flows of -$7,880 and -$18,880, respectively. To adequately protect secured lenders, the Debtor proposes delivering ongoing lease/adequate protection payments to Piermont Plaza Realty, LLC, filing monthly operating reports with the U.S. Trustee, and submitting monthly budget-to-actual variance reports to secured creditors and the Subchapter V Trustee, without seeking any priming liens or superpriority claims. A hearing on the matter is set for August 6, at 10 a.m. A copy of the motion is available at https://urlcurt.com/u?l=74ecog from PacerMonitor.com. About NYC of Piermont LLC Formed in 2022, NYC of Piermont, LLC operates Confetti Ristorante & Vinoteca, a full-service Italian restaurant in Piermont, New York. The restaurant specializes in traditional Italian cuisine, brick-oven pizzas and wine service. NYC of Piermont LLC sought protection under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22620) on December 1, 2025. At the time of the filing, the Debtor had estimated assets of $60,000 and liabilities of $1,941,000. Robert S. Lewis, PC is Debtor's legal counsel. Yann Geron, Esq., serves as Subchapter V trustee for the Debtor. OCEAN POWER: Delays 10-K Filing, Cites Financial Statement Audit ---------------------------------------------------------------- Ocean Power Technologies, Inc. filed a Form 12b-25 with the Securities and Exchange Commission notifying the Commission of a delay in filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2026. The Company stated that the 10-K could not be filed by the prescribed due date without unreasonable effort or expense, as additional time is required to complete certain procedures related to the preparation and audit of its financial statements. Ocean Power anticipates filing the Annual Report within the 15-day extension period permitted under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The Company confirmed that all other periodic reports required during the preceding 12 months have been filed and does not anticipate any significant change in results of operations from the corresponding period of the prior fiscal year. 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. OCUGEN INC: BlackRock Holds 8% Beneficial Ownership --------------------------------------------------- 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 26,952,492 shares of Ocugen, Inc.'s Common Stock with sole voting power over 26,625,805 shares, sole dispositive power over 26,952,492 shares, and no shared voting or dispositive power, representing 8.0% of the Common Stock. The 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/ybx7smcm About Ocugen Inc. Malvern, Pa.-based Ocugen, Inc. is a biotechnology Company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines that improve health and offer hope for patients across the globe. The Company's technology pipeline includes: Modifier Gene Therapy Platform, Novel Biologic Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy Platform, and Inhaled Mucosal Vaccine Platform. PricewaterhouseCoopers LLP (the Company's independent registered public accounting firm since 2024 and headquartered in Philadelphia, Pennsylvania) included an explanatory paragraph in its audit report attached to the Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has incurred recurring net losses since inception that raise the doubt of its ability to continue as a going concern. As of December 31, 2025, the Company had $43.5 million in total assets, $55.7 million in total liabilities, and $12.2 million in total stockholders' deficit. OLENOX INDUSTRIES: Appoints Kimberly Hawley as Interim CFO ---------------------------------------------------------- Olenox Industries, Inc. said in a regulatory filing with the Securities and Exchange Commission that on July 24, 2026, the Board of Directors appointed Kimberly Hawley as Interim Chief Financial Officer, and entered into an employment agreement with Ms. Hawley to employ her in such capacity for an initial term commencing on July 6, 2026 and ending Dec. 31, 2026, and which Employment Agreement provides for an annual base salary of $250,000, and a restricted stock grant under the Company's Stock Incentive Plan for $50,000 worth of shares of the Company's common stock, vesting quarterly on a pro-rata basis over the next 18 months of continuous service. About Kimberly Hawley Kimberly Hawley, age 57, brings more than 30 years of executive financial leadership experience across public and private companies in the energy, oil and gas, logistics, environmental services, waste-to-energy, manufacturing, and technology sectors. Ms. Hawley also currently serves as Executive Vice President, Chief Financial Officer and Treasurer of Vivakor, Inc., a Nasdaq-listed energy infrastructure company. Throughout her career, Ms. Hawley has led complex financial organizations through transformational growth, mergers and acquisitions, SEC reporting, capital markets transactions, corporate governance initiatives, strategic financings, and post-acquisition integrations. She has successfully executed public and private debt and equity financings, including securing more than $120 million in long-term financing for major infrastructure projects and leading strategic capital raises to support corporate growth. She has worked extensively with boards of directors, auditors, legal counsel, lenders, and institutional investors while overseeing the financial operations of multi-entity organizations during periods of significant expansion and operational transformation. She has extensive experience leading SEC reporting, financial reporting, audit processes, corporate governance, treasury, investor relations, and strategic finance functions for Nasdaq-listed companies, helping organizations execute complex growth strategies and successfully integrate acquisitions. Ms. Hawley earned a Bachelor of Business Administration from Loyola University Chicago, a Master of Business Administration from Pepperdine University's Graziadio Business School, and is a Certified Public Accountant (CPA). Ms. Hawley is subject to a one-year post-termination non-compete and non-solicit of the Company's employees and clients. Ms. Hawley is also bound by confidentiality provisions. Ms. Hawley will continue in her current role with Vivakor. There are no family relationships between Ms. Hawley and any of the Company's directors or executive officers. In addition, Ms. Hawley is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) or Regulation S-K. A full-text copy of the Employment Agreement is available at https://tinyurl.com/kkrxm6c6 About Olenox Industries Olenox Industries Inc., previously known as Safe & Green Holdings Corp., is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. Boca Raton, Florida-based RBSM LLP, the Company's auditor since 2026, issued a going concern qualification in its report dated June 30, 2026, citing that the Company has suffered recurring losses from operations and had an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2025, the Company had $36.04 million in total assets, $28.45 million in total liabilities, and $7.59 million in total stockholders' equity. OLYMPICK CONEY: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Olympick Coney Island 3 Inc. 5160 Haughn Rd. Grove City, OH 43123 Business Description: Olympick Coney Island 3 Inc. operates Olympic Diner, a full-service restaurant serving American and Greek-style breakfast and lunch items, including omelets, sandwiches, burgers, gyros, pasta and paninis. The company is associated with Grove City, Ohio, and operates its restaurant in Hilliard, Ohio, serving local diners and families. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Southern District of Ohio Case No.: 26-53563 Judge: Hon. Mina Nami Khorrami Debtor's Counsel: John W. Kennedy, Esq. STRIP HOPPERS LEITHART MCGRATH & TERLECKY CO., LPA 575 S. Third St Columbus, OH 43215 Tel: 614-228-6345 Fax: 614-228-6369 Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Orion Ali as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BCDEAFQ/Olympick_Coney_Island_3_Inc__ohsbke-26-53563__0001.0.pdf?mcid=tGE4TAMA OMNIS PLEASANTS: Court OKs Cash Use in Chapter 11 ------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge authorized Omnis Pleasants LLC to access cash and continue operating in Chapter 11 after approving the debtor's first-day motions, while refusing to dismiss the case despite objections from parent company Energy Transition and Environmental Management LLC. The parent argued the bankruptcy petition was improperly filed because of an unresolved governance dispute. The court determined that dismissal was not warranted at the outset of the case, concluding that questions surrounding management authority should be addressed through later proceedings. The approval allows the West Virginia power plant operator to fund day-to-day operations, satisfy employee obligations and preserve the business during the restructuring process, the report relays. Omnis Pleasants entered Chapter 11 amid an escalating ownership and governance battle involving its parent company. The judge's ruling keeps the restructuring on track while the parties continue litigating who has the legal authority to control the debtor and its bankruptcy case, according to Law360. About Omnis Pleasants LLC Omnis Pleasants LLC, doing business as The Pleasants Power Station, operates a 1,278-megawatt coal-fired power plant that supplies critical generating capacity to the regional electricity market, supports grid reliability, and employs nearly 140 workers in West Virginia. Omnis Pleasants LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11169) on July 26, 2026. In its petition, the Debtor reports estimated assets and liabilities between $50 million and $100 million each. The Debtor is represented by Andrew L. Magaziner, Esq. of Young Conaway Stargatt & Taylor, LLP. OMNIS PLEASANTS: Court OKs Chapter 11 First-Day Motions ------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that Omnis Pleasants LLC won court approval Wednesday for its first-day Chapter 11 motions after a Delaware bankruptcy judge rejected a bid by the parent company of the West Virginia power plant to terminate the bankruptcy case. The approved requests give the debtor the ability to continue operating during the restructuring process and preserve business continuity while the Chapter 11 proceedings remain pending. The court declined to dismiss the case at this early stage, the report states. With the initial relief now in place, Omnis Pleasants will continue pursuing its reorganization under bankruptcy court supervision while litigation with its parent company proceeds, according to Law360. About Omnis Pleasants LLC Omnis Pleasants LLC, doing business as The Pleasants Power Station, operates a 1,278-megawatt coal-fired power plant that supplies critical generating capacity to the regional electricity market, supports grid reliability, and employs nearly 140 workers in West Virginia. Omnis Pleasants LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11169) on July 26, 2026. In its petition, the Debtor reports estimated assets and liabilities between $50 million and $100 million each. The Debtor is represented by Andrew L. Magaziner, Esq. of Young Conaway Stargatt & Taylor, LLP. PALM BEACH: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida granted Palm Beach Sandal Company interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through September 9 in accordance with its approved budget. Secured creditors including the U.S. Small Business Administration, Byzfunder NY LLC, and ReadyCap Lending will be granted adequate protection through replacement liens. These replacement liens are automatically perfected; are subordinate to statutory fees payable to the Subchapter V trustee, the U.S. trustee, and the Bankruptcy Court Clerk; and do not attach to Chapter 5 avoidance actions or their proceeds. If the replacement liens prove insufficient, the lenders may receive a superpriority administrative expense claim under Section 507(b), subject to the court-approved carveout. As additional protection, the Debtor is required to make monthly payments of $142 to the SBA, $516.67 to Byzfunder, and $2,551.47 to ReadyCap Lending. The order preserves the rights of all parties to seek modifications, impose additional restrictions on the use of cash collateral, challenge budget items, or pursue other available remedies. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/yvzxv4hh from PacerMonitor.com. The court scheduled a further hearing for September 9. About Palm Beach Sandal Company Palm Beach Sandal Company designs, manufactures, and retails handcrafted leather sandals, producing classic footwear styles using premium leather materials. It operates a workshop and retail presence in West Palm Beach, Florida. Palm Beach Sandal Company filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25134) on December 23, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Aleida Martinez Molina, Esq., serves as Subchapter V trustee for Palm Beach Sandal Company. Judge Erik P. Kimball presides over the case. The Debtor tapped Brian K. McMahon, Esq., at Brian K. McMahon, PA as bankruptcy counsel and Michael A. Lampert, P.A. as special counsel. PERASO INC: Director Daniel Lewis to Retire, Won't Seek Re-Election ------------------------------------------------------------------- Peraso Inc. said in a regulatory filing with the Securities and Exchange Commission that director Daniel Lewis has notified the Company of his intention not to stand for re-election in connection with his planned retirement. Mr. Lewis provided written notice to the Company's secretary on July 28, 2026, stating that he will not seek re-election when his current term expires at the Company's 2026 annual meeting of stockholders. The Company said Mr. Lewis' decision was made in connection with his planned retirement and was not the result of any disagreement with the Company regarding its operations, policies, or practices. About Peraso Inc. Headquartered in San Jose, California, Peraso Inc. -- https://www.perasoinc.com -- is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, immersive video and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. As of March 31, 2026, the Company had $6.4 million in total assets, $1.8 million in total liabilities, and $4.6 million in total stockholders' equity. Los Angeles, California-based Weinberg & Company, the Company's auditor since 2020, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that during the year ended Dec. 31, 2025, the Company incurred a net loss and used cash in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. PERFECT CHOICE: Court Extends Cash Collateral Access to Sept. 9 --------------------------------------------------------------- Perfect Choice Roofing, Inc. received another extension from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. The court entered a second interim order authorizing the Debtor to use cash collateral through September 9 to pay the expenses included in the approved budget. The Debtor may exceed individual budget line items by up to 15%, and any additional expenditures require court approval. The Debtor projects total operational expenses of $520,862.50 for the period from July to September 15. The U.S. Small Business Administration), National Funding, Inc., and Byzfunder NY, LLC will be granted adequate protection through replacement liens on the Debtor's post-petition assets, with the same validity, priority, and extent as their pre-petition liens. The Debtor owes about $957,000 to the SBA, which holds a first-priority lien on all assets, along with $200,000 to National Funding and $130,000 to Byzfunder, both holding junior liens. However, the Debtor's total assets are valued at only about $406,135, leaving junior creditors unsecured. As additional protection, the Debtor is required to maintain insurance coverage, continue its monthly payment of $2,000 to the SBA, escrow $1,000 per month for Subchapter V trustee fees, and file monthly budget-to-actual expenditure reports. The order preserves the rights of all parties regarding the validity and priority of liens and claims. The order is available at http://bankrupt.com/misc/PerfectChoiceRoofing_CCOrder86.pdf A final hearing is scheduled for September 9. 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 filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14538) on April 13, 2026, with assets of up to $500,000 and liabilities of up to $10 million. Peter Vargas, vice president of Perfect Choice Roofing, signed the petition. Judge Erik P. Kimball oversees the case. The Debtor tapped Michael Hoffman, Esq., at Lessne Hoffman, PLLC, as legal counsel and Nuance Financial, Inc. as accountant. Carol Fox of GlassRatner serves as Subchapter V trustee for the Debtor. PGC CONSTRUCTION: Hires Donald W. Reid Inc. as General Counsel -------------------------------------------------------------- PGC Construction, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Office of Donald W. Reid, Inc. as general counsel. The firm will render these services: a. advise and assist the Debtor with respect to compliance with the requirements of the Office of the United States Trustee; b. advise the Debtor regarding matters of bankruptcy law, including the rights and remedies of the Debtor regarding its assets and with respect to the claims of creditors; c. represent the Debtor in any proceedings or hearings in the Bankruptcy Court and in any action in any other court where the Debtor's rights under the Bankruptcy Code may be litigated or affected; d. conduct examinations of witnesses, claimants, or adverse parties and to prepare and assist in the preparation of reports, accounts, and pleadings related to this Chapter 11 case; e. advise the Debtor concerning the requirements of the Bankruptcy Court and applicable rules as the same affect Debtor in this proceeding; f. assist the Debtor in negotiation, formulation, confirmation, and implementation of a Chapter 11 plan of reorganization; g. make any bankruptcy court appearances on behalf of the Debtor; and h. take such other action and perform such other services as the Debtor may require of the firm in connection with this Chapter 11 case. Donald Reid, Esq., the primary attorney in this representation, will be paid at his hourly rate of $500 plus reimbursement. The firm received a prepetition retainer in the amount of $25,000 from the Debtor. Mr. Reid 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 firms can be reached through: Donald W. Reid, Esq. Law Office of Donald W. Reid 770 First Avenue, Suite 250 San Diego, CA 92101 Telephone: (619) 88-6100 Facsimile: (619) 923-2051 Email: don@donreidlaw.com About PGC Construction, Inc. PGC Construction, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-14825) on June 14, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Magdalena Reyes Bordeaux presides over the case. Donald W Reid, Esq. at Law Office Of Donald W. Reid, Inc. serves as the Debtor's counsel. PHOENIX CONVERTING: Seeks to Sell Flex Pack Business at Auction --------------------------------------------------------------- Phoenix Converting, Inc. and its affiliates,Valley Packaging Supply Co., Inc., PCG/SPT Holdings, Inc., Advanced Converting Works, Inc., Advanced Converting Works Holdings, LLC, ACW Flex Pack Management, Inc., and ACW Flex Pack, LLC, seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtors are the cornerstones of a multi-million-dollar packaging enterprise dating back to the early 1950s. The Debtors filed the Chapter 11 Cases and bring the Motion to prevent the irreparable loss of value that would result if the Flex Pack Business ceased operating as a going concern. After analyzing the ramifications of staying out of bankruptcy, and their limited non-bankruptcy alternatives, the Debtors determined the competitive bid environment generated through a bankruptcy sale process would best preserve the Flex Pack Business and maximize its value. The Debtors believe their dwindling cash compels the immediate commencement of the sale process and any significant delay in embarking upon a sale process will undermine the value of the assets being offered for sale. The Debtors further believe any delay in the sale process would likely result in an inordinate build-up of administrative costs of the Chapter 11 Cases, lead to a decline in sales volumes, and impair operations. The Flex Pack Business is among North America's largest producers of specialty pouches. The Flex Pack Business focuses primarily on toll converting and value-added pouching, and also provides bag converting, slitting, lamination, and related packaging-development services. It serves a diverse and resilient set of end markets, including food and beverage, pet, household, healthcare and medical, and other specialty consumer products. The lienholders of the Property are the City National Bank of Florida, Onsite Utility Services Capital, LLC, Citibank N.A., and Belmark, Inc. As the outreach to financial bidders has not borne fruit, and the sensitivities of the marketplace precluded pre-filing forays to strategic buyers, the Debtors were nonetheless able to procure a viable bid to function as a competitive floor. An affiliate of Edgewater Flex Pack, LLC, one of the Debtors' major shareholders, has taken an active interest in acquiring the Flex Pack Business as a going concern. Edgewater's familiarity with the Debtors' operations, management, and future prospects enabled it to discern value in the Flex Pack Business despite the setbacks. The Debtors and an affiliate of Edgewater, Edgewater Plastics Buyerco, LLC, (Stalking Horse) have entered into an asset purchase agreement (Stalking Horse APA). The Debtors intend to carry out the bidding and sale process in unison with the Committee, and the Lender, to the extent applicable or necessary. The assets are comprised of accounts receivable; inventory; machinery and equipment; vehicles; intangible assets; Intellectual Property; licenses and permits, and various contracts; and certain enumerated causes of action. The cash component of the purchase price in the Stalking Horse APA is $7,250,000.00 (with $250,000.00 of this amount earmarked for Debtors' professional fees), plus certain assumed liabilities. Excluding those assumed liabilities, the Asset Sale is on a cash-free, debt-free basis. The Stalking Horse APA provides for an initial topping bid in the amount of $500,000.00 (Minimum Overbid). Additional bids at the "Auction" must be in $100,000 increments, but can be reduced by the Debtors at the Auction as warranted in an increment not to be less than $25,000. In the event the Debtors close a sale other than under Stalking Horse APA, the Stalking Horse would be entitled to expense reimbursement in an amount up to $250,000, subject to review of the Bankruptcy Court. The Stalking Horse is not receiving a separate break-up fee. The Form APA is intended to be substantially similar to the Stalking Horse APA in all material respects. The Debtors have concluded that attracting as many prospective purchasers as possible and obtaining offers for the Sale Assets utilizing a uniform agreement will be beneficial to the process. Upon execution of a confidentiality agreement, Bidders will be granted access to a data room maintained by SC&H and to additional non-public information pertaining to the Sale Assets. The Approved Bidding Procedures set forth a number of criteria to be used in determining whether a bid is qualified to serve as a bid at the auction. Among other things, a bid must be substantially in the form of the Form APA; be submitted by 4:00 p.m. (Central time) on September 14, 2026; be accompanied by an earnest money deposit in the amount of 10% of the purchase price; and contain sufficient information regarding the Bidder's creditworthiness. The Debtors seek authority to assume and assign the executory contracts and unexpired leases identified in the Prevailing Bid. The Debtors have demonstrated a sound business justification for the proposed sale of the Sale Assets pursuant to the Approved Bidding Procedures. The Debtors' ability to offer the Bid Protection enables them to ensure the sale of the Sale Assets to a contractually committed bidder, while providing the Debtors with the potential of even greater benefit to their estates. About Phoenix Converting Inc. Flex Pack produces flexible packaging and provides package development, printing and design, prepress, pouching, slitting, laminating, and custom bag and pouch production. The company serves markets including food and beverage, household and personal care, industrial and automotive, medical, nutraceutical, and pet food. Flex Pack is headquartered in Itasca, Illinois, and operates locations in Illinois and Wisconsin. The company adopted the Flex Pack name in 2024 following the rebranding of Advanced Converting Works. Phoenix Converting, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Ill.) on July 20, 2026. In the petition signed by Steven Boyer as chief executive officer, the Debtor disclosed an estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Debtor Case No. ------ -------- Phoenix Converting, Inc. (Lead Case) 26-11935 Valley Packaging Supply Co., Inc. 26-11940 ACW Flex Pack, LLC 26-11941 PCG/SPT Holdings, Inc. 26-11942 Advanced Converting Works, Inc. 26-11944 Advanced Converting Works Holdings, LLC 26-11948 ACW Flex Pack Management, Inc 26-11945 Judge David D. Cleary presides over the case. Debtors' Counsel is Adam P. Silverman, Esq., at ADELMAN & GETTLEMAN, LTD., in Chicago, Illinois. PINE COSMETIC: Case Summary & 15 Unsecured Creditors ---------------------------------------------------- Debtor: Pine Cosmetic Inc. d/b/a La Noubelle d/b/a SOMISOME d/b/a Daily Glow d/b/a LeBody d/b/a LeBody USA d/b/a Lebodyusa.com d/b/a Pinebeautymall.com d/b/a Pine Beauty Mall 164-01A Northern Boulevard Flushing, NY 11358 Business Description: Pine Cosmetic Inc., doing business as Pine Beauty Mall, distributes Korean skincare products in the United States through Amazon, TikTok Shop, its website, and wholesale channels. Based in Flushing, New York, the company sources products from Korean beauty brands, including La Noubelle and SOMISOME, selected for their formulations, ingredients, safety, and manufacturing standards. Pine Cosmetic serves individual consumers, retailers, beauty professionals, and other business partners. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43461 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: John C. Kim, Esq. THE LAW OFFICE OF JOHN C. KIM, P.C. 163-10 Northern Boulevard, Suite 201 Flushing, NY 11358 Tel: (718) 539-1100 Fax: (718) 539-1717 E-mail: John@jcklaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Kyung Hee Kang as president. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ZBTRL4A/Pine_Cosmetic_Inc__nyebke-26-43461__0001.0.pdf?mcid=tGE4TAMA PNP LLC: Gets Extension to Access Cash Collateral ------------------------------------------------- PNP, LLC received interim approval from the U.S. Bankruptcy Court for the District of Colorado to use cash collateral to fund its operations. Under the interim order, the Debtor is authorized to use cash collateral based on a court-approved budget, with variance limited to 15% unless otherwise approved by the court or the U.S. Small Business Administration. The Debtor relies on its main tangible assets, which on the petition date included $5,338 in cash and bank accounts, $4,445 in deposits, $16,000 in inventory, and $82,407 in machinery and equipment to generate ongoing revenue. The Debtor anticipates maintaining a positive cash position throughout the Chapter 11 proceedings and replacing its inventory, accounts, and cash equivalents through daily business operations. The SBA holds a secured claim of $108,191 under a June 2020 UCC-1 filing. Additionally, merchant cash advance lenders including FORA Financial, IOU Central Inc., and ODK Capital, LLC may assert security interests in the cash collateral although the Debtor schedules their claims as unsecured based on collateral values and the absence of identifiable secured party information in public filings. Pursuant to the interim order, secured creditors will be granted adequate protection through replacement liens on the Debtor's inventory, income, and other assets. In addition, the SBA will receive a monthly payment of $338, representing a 3.75% APR interest rate matching the original SBA loan terms, payable until confirmation of its Chapter 11 plan. Additional safeguards include insurance coverage on the secured creditors' collateral and regular financial reporting. A copy of the court's order is available at https://shorturl.at/sVYuw from PacerMonitor.com. A final hearing is scheduled for August 17, with objections due by August 10. About PNP LLC PNP, LLC operates a catering business in Northern Colorado. PNP filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-14493) on June 22, 2026. In the petition signed by Paul Pellegrino, member and manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Thomas B. McNamara oversees the case. The Debtor tapped Payton L. Buhler, Esq., at Bell, Gould, Linder & Scott, P.C., as legal counsel and Wych Tax & Accounting, LLC as accountant. Joli Lofstedt, Esq., serves as Subchapter V trustee for the Debtor. POLAR POWER: Enters $450K Series A Convertible Preferred Financing ------------------------------------------------------------------ Polar Power, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 21, 2026, the Company entered into a series of agreements with LU2 Holdings LLC and Mayers Ventures LLC, including a securities purchase agreement for Series A Convertible Preferred Stock, a registration rights agreement, amendments to existing agreements, and a business consultant agreement. Series A Convertible Preferred Stock Pursuant to a Securities Purchase Agreement, the Company will issue and sell to LU2 up to $500,000 in stated value of Series A Convertible Preferred Stock at a purchase price of $450,000, representing 90% of the stated value. On July 21, 2026, the Company issued 500 Preferred Shares to LU2. In connection with the Preferred SPA, the Company established Series A Convertible Preferred Stock, par value $0.0001 per share, with a stated value of $1,000 per share and 25,000 shares reserved for issuance. The Convertible Preferred will bear a dividend accruing monthly at a rate of 10% per annum and will be convertible into shares of the Company's common stock, par value $0.0001 per share, at a Market Conversion Price equal to 90% of the lowest VWAP over the seven consecutive trading days immediately preceding the applicable conversion date, subject to a floor price. Warrants Pursuant to the Preferred SPA, the Company issued warrants to LU2 to purchase 150,915 shares of Common Stock, at an exercise price initially equal to the closing price of the Common Stock on the trading day immediately prior to closing, subject to adjustment, with the number of warrant shares equal to 50% of the stated value of the Preferred Shares divided by the exercise price. The Company also issued warrants to Mayers to purchase 83,841 shares of Common Stock at an exercise price of $1.64 per share, equal to the closing price of the Common Stock on the trading day immediately prior to the closing of the sale of the convertible promissory note issued to Mayers on June 30, 2026. Registration Rights Agreement The Company and LU2 entered into a Registration Rights Agreement, pursuant to which the Company agreed to file one or more registration statements to register the Note conversion shares, the Preferred conversion shares, and the warrant shares, and to use its reasonable best efforts to have such registration statements declared effective by the SEC as soon as practicable, but in no event later than the effectiveness deadline in the RRA. Amendments The Company and Mayers entered into a Consent, Acknowledgment and First Amendment to Convertible Promissory Note, pursuant to which the definition of Prohibited Transaction now excludes the establishment, entry into, maintenance of, or sales pursuant to an equity line of credit (ELOC), at-the-market offering program (ATM), or any similar equity distribution or equity purchase facility, and related documentation. As consideration: (a) Mayers' right to designate and appoint a member of the Company's board of directors will continue for so long as any principal amount of the Note remains outstanding and will automatically terminate upon repayment of the Note in full; and (b) Mayers will have the right to require that the Company apply no less than 10% of the proceeds received under the ELOC to repayment of the Note. The Company and LU2 entered into a Consent, Waiver and First Amendment to the Preferred SPA (, pursuant to which the definition of Exempt Issuance is expanded to include certain permitted facilities, and certain permitted facilities are excluded from variable rate transaction prohibitions, among other matters. Business Consultant Agreement The Company and LU2 also entered into a Business Consultant Agreement, pursuant to which LU2 agreed to provide certain strategic advisory services to the Company, expressly excluding any capital-raising, securities brokerage, or placement-agent activities. As consideration, the Company agreed to pay LU2 a cash fee of $100,000 and to issue to LU2 restricted shares of Common Stock having an aggregate value of $50,000, with the number of shares determined by reference to the volume-weighted average price of the Common Stock over the five consecutive trading days immediately preceding the date of grant, subject to approval by the Company's board of directors and grant under a stockholder-approved equity incentive plan. Full-text copies of the Preferred SPA, the COD, the Warrants, the RRA, the Amendment to Mayers Note, the Amendment to Preferred SPA, and the Consultant Agreement are available at https://tinyurl.com/bdha8z9h, https://tinyurl.com/msp343ek, https://tinyurl.com/mtfxzjpk, https://tinyurl.com/y7w2kdax, https://tinyurl.com/2p44hpch, https://tinyurl.com/32mks7hm, https://tinyurl.com/24r2aks5, and https://tinyurl.com/4nsmvsn4, respectively. About Polar Power Polar Power, Inc. designs, manufactures, and sells direct-current power systems that supply energy for off-grid, bad-grid, backup-power, electric-vehicle charging, and nano-grid applications. Its products integrate DC generators, proprietary electronic controls, lithium batteries, and solar photovoltaic technologies. The company sells primarily into telecommunications markets and also serves defense, automotive, marine, and industrial markets. In an audit report dated April 15, 2026, Weinberg & Company, P.A., included a going concern qualification, stating that the company incurred a net loss and negative operating cash flows during the year ended Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the Company had $11.44 million in total assets, $9.06 million in total liabilities, and $2.39 million in total stockholders' equity. POLAR POWER: Secures Up to $25M Equity Facility with Roth Principal ------------------------------------------------------------------- Polar Power, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 27, 2026, it entered into a Common Stock Purchase Agreement and a related Registration Rights Agreement, with Roth Principal Investments, LLC. Upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement, the Company will have the right, in its sole discretion, to sell to Roth Principal Investments up to $25 million of newly issued shares of the Company's common stock, par value $0.0001 per share, subject to certain conditions and limitations contained in the Purchase Agreement, from time to time during the term of the Purchase Agreement. Sales of Common Stock pursuant to the Purchase Agreement, and the timing of any sales, are solely at the option of the Company, and the Company is under no obligation to sell any securities to Roth Principal Investments under the Purchase Agreement. Upon the initial satisfaction of each of the conditions to Roth Principal Investments' purchase obligation set forth in the Purchase Agreement, including that a registration statement registering under the Securities Act of 1933, as amended, the resale by Roth Principal Investments of shares of Common Stock issued to it by the Company under the Purchase Agreement, which the Company agreed to file with the Securities and Exchange Commission pursuant to the Registration Rights Agreement, is declared effective by the SEC, the Company will have the right, but not the obligation, from time to time in its sole discretion for a period of up to 36 months beginning on the Commencement Date, to direct Roth Principal Investments to purchase up to a specified maximum amount of shares of Common Stock, in one or more Market Open Purchases, Intraday Purchases, Pre-Market Purchases and/or Post-Market Purchases, by timely delivering written notice to Roth Principal Investments for each such Purchase in accordance with the Purchase Agreement on any trading day selected by the Company as the purchase date therefor, so long as: (i) the closing sale price of Common Stock on the trading day immediately prior to such Purchase Date is not less than a specified threshold price as set forth in the Purchase Agreement and (ii) all shares of Common Stock subject to all prior Purchases effected by the Company under the Purchase Agreement, including all prior Purchases effected on the same Purchase Date, have been received by Roth Principal Investments at such time and in the manner set forth in the Purchase Agreement. The purchase price of the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Purchase pursuant to a timely delivered written notice in accordance with the Purchase Agreement after 7:30 a.m., New York City time and prior to 9:00 a.m. New York City time on the Purchase Date will be determined by reference to the volume weighted average price of the Common Stock during the period beginning at the official open of the regular trading session on The Nasdaq Capital Market on the applicable Purchase Date and ending at the earliest to occur of: (i) such time of official close of the regular trading session, (ii) such time during such regular trading hour period, the trading volume threshold calculated in accordance with the Purchase Agreement is reached, and (iii) if the Company further specifies in the applicable purchase notice for such Market Open Purchase that a "limit order discontinue election" shall apply to such Market Open Purchase, such time the trading price of the Common Stock on The Nasdaq Capital Market during such Market Open Purchase Valuation Period falls below the applicable minimum price threshold determined in accordance with the Purchase Agreement, less a fixed 3.0% discount to the VWAP for such Market Open Purchase Valuation Period. In addition to the Market Open Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreement that are similar to those applicable to Market Open Purchases, by timely delivering an irrevocable written notice of such Intraday Purchase to Roth Principal Investments after 10:00 a.m., New York City time (and after the Market Open Purchase Valuation Period for any earlier Market Open Purchase and the Intraday Purchase Valuation Period for the most recent prior Intraday Purchase effected on the same Purchase Date, if applicable, have ended), and prior to 2:00 p.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in an Intraday Purchase pursuant to the Purchase Agreement, if any, will be calculated in the same manner as in the case of a Market Open Purchase (including the same fixed 3.0% discount to the applicable VWAP used to calculate the per share purchase price for a Market Open Purchase), provided that the VWAP for each Intraday Purchase effected on a Purchase Date will be calculated over different purchase valuation periods during the regular trading session on The Nasdaq Capital Market on such Purchase Date than the Market Open Purchase Valuation Period applicable to a Market Open Purchase effected on such Purchase Date (if any), each of which will commence and end at different times on such Purchase Date and will not overlap with any other purchase valuation period on such Purchase Date. In addition to the Market Open Purchases and Intraday Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreement, by timely delivering an irrevocable written notice of such Pre-Market Purchase to Roth Principal Investments after 7:00 a.m., New York City time, and prior to 8:30 a.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Pre-Market Purchase pursuant to the Purchase Agreement, if any, will be determined by reference to the VWAP of the Common Stock over a purchase valuation period to be calculated in accordance with the Purchase Agreement, which period will not overlap with the valuation period for any other Purchase effected on the same Purchase Date, less a fixed 6.0% discount to such VWAP. In addition to the Market Open Purchases, Intraday Purchases and Pre-Market Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreement, by timely delivering an irrevocable written notice of such Post-Market Purchase to Roth Principal Investments after 4:05 p.m., New York City time, and prior to 5:00 p.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Post-Market Purchase pursuant to the Purchase Agreement, if any, will be determined by reference to the VWAP over a purchase valuation period to be calculated in accordance with the Purchase Agreement, which period will not overlap with the valuation period for any other Purchase effected on the same Purchase Date, less a fixed 6.0% discount to such VWAP. There is no upper limit on the price per share that Roth Principal Investments could be obligated to pay for Common Stock the Company may elect to sell to it in any Purchase under the Purchase Agreement. The purchase price per share of Common Stock that the Company may elect to sell to Roth Principal Investments in a Purchase under the Purchase Agreement will be equitably adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction occurring during the applicable Valuation Period for such Purchase. The Company will control the timing and amount of any sales of Common Stock to Roth Principal Investments that it may elect, in its sole discretion, to effect from time to time from and after the Commencement Date and during the term of the Purchase Agreement. Actual sales of shares of Common Stock to Roth Principal Investments under the Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among other things, market conditions, the trading price of the Common Stock and determinations by the Company as to the appropriate sources of funding for the Company and its operations. Under the applicable Nasdaq rules, in no event may the Company issue to Roth Principal Investments under the Purchase Agreement more than 769,952 shares of Common Stock, which number of shares is equal to 19.99% of the shares of Common Stock issued and outstanding immediately prior to the execution of the Purchase Agreement, unless: (i) the Company obtains stockholder approval to issue shares of Common Stock in excess of the Exchange Cap in accordance with applicable Nasdaq rules, or (ii) the average price per share paid by Roth Principal Investments for all of the shares of Common Stock that the Company directs Roth Principal Investments to purchase from the Company pursuant to the Purchase Agreement, if any, equals or exceeds $[2.0994] (representing the sum of (i) $0.6494 and (ii) the lower of (a) the official closing price of the Common Stock on Nasdaq immediately preceding the execution of the Purchase Agreement and (b) the average official closing price of the Common Stock on Nasdaq for the five consecutive trading days immediately preceding the execution of the Purchase Agreement, as adjusted in accordance with applicable Nasdaq rules), so that the Exchange Cap limitation will not apply to issuances and sales of Common Stock pursuant to the Purchase Agreement. In addition, the Company may not issue or sell any shares of Common Stock to Roth Principal Investments under the Purchase Agreement which, when aggregated with all other shares of Common Stock then beneficially owned by Roth Principal Investments and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 thereunder), would result in Roth Principal Investments beneficially owning more than 4.99% of the outstanding shares of Common Stock. The net proceeds from sales of Common Stock by the Company to Roth Principal Investments under the Purchase Agreement, if any, will depend on the frequency and prices at which the Company sells shares of Common Stock to Roth Principal Investments under the Purchase Agreement. To the extent the Company elects to sell shares of Common Stock to Roth Principal Investments under the Purchase Agreement from and after the Commencement Date, the Company currently plans to use any net proceeds therefrom for working capital and general corporate purposes, including its DC power systems and power generation business. There are no restrictions on future financings, rights of first refusal, participation rights, penalties or liquidated damages in the Purchase Agreement or Registration Rights Agreement, other than a prohibition (with certain limited exceptions) on entering into specified "Variable Rate Transactions" (as such term is defined in the Purchase Agreement) during the term of the Purchase Agreement. Such transactions include, among others, the issuance of convertible securities with a conversion or exercise price that is based upon or varies with the trading price of the Common Stock after the date of issuance, or the Company effecting or entering into an agreement to effect an "equity line of credit" or other substantially similar continuous offering with a third party, in which the Company may offer, issue or sell Common Stock or any securities exercisable, exchangeable or convertible into Common Stock at a future determined price. The foregoing restriction is subject to certain limited exceptions set forth in the Purchase Agreement, including continued sales under the Company's existing at-the-market offering program, subject to the limitations set forth therein. In addition, the Company has agreed, subject to limited exceptions (including continued sales under the ATM facility), that from the date of the Purchase Agreement through the effective date of the Registration Statement, it will not, without the prior written consent of Roth Principal Investments, offer, sell or otherwise dispose of any shares of Common Stock or any securities convertible into or exchangeable for Common Stock. Roth Principal Investments may, in its sole discretion, release all or any portion of the securities subject to this restriction at any time. Roth Principal Investments has agreed that during the term of the Purchase Agreement, none of Roth Principal Investments, any of its officers, or any entity managed or controlled by Roth Principal Investments, will enter into or effect, directly or indirectly, either for Roth Principal Investments' own principal account or for the principal account of any such entity managed or controlled by Roth Principal Investments, any short sale (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or any hedging transaction, which establishes a net short position with respect to the Common Stock. The Purchase Agreement and the Registration Rights Agreement contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreements were made only for the purposes of such agreements, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. The Purchase Agreement will automatically terminate on the earliest to occur of: (i) the first day of the month following the 36-month anniversary of the Commencement Date, (ii) the date on which Roth Principal Investments shall have purchased from the Company under the Purchase Agreement shares of Common Stock for an aggregate gross purchase price of $25 million, (iii) the date on which the Common Stock shall have failed to be listed or quoted on Nasdaq or another U.S. national securities exchange identified as an "eligible market" in the Purchase Agreement for a period of one trading day, (iv) the 30th trading day after the date on which a voluntary or involuntary bankruptcy proceeding involving the Company has been commenced that is not discharged or dismissed prior to such 30th trading day, and (v) the date on which a bankruptcy custodian is appointed for all or substantially all of the Company's property or the Company makes a general assignment for the benefit of its creditors. As consideration for Roth Principal Investments' commitment to purchase shares of Common Stock at the Company's direction upon the terms and subject to the conditions set forth in the Purchase Agreement, the Company agreed to pay to Roth Principal Investments a cash commitment fee of $500,000, which is equal to 2.0% of Roth Principal Investments' $25 million total aggregate dollar amount purchase commitment under the Purchase Agreement. The $500,000 Commitment Fee will be paid over time by Roth Principal Investments withholding cash amounts equal to 10% of the total aggregate purchase price payable by Roth Principal Investments to the Company in connection with each Purchase of shares of Common Stock effected under the Purchase Agreement, until such time as Roth Principal Investments shall have received from such cash withholdings a total aggregate amount in cash equal to $500,000, representing the entire Commitment Fee payable to Roth Principal Investments pursuant to the Purchase Agreement. In addition, the Company agreed to reimburse Roth Principal Investments for the reasonable legal fees and disbursements of Roth Principal Investments' legal counsel in connection with the transactions contemplated by the Purchase Agreement and the Registration Rights Agreement in an amount equal to $100,000, payable upon execution of the Purchase Agreement and Registration Rights Agreement. The Company also agreed to reimburse Roth Principal Investments up to $7,500 per fiscal quarter for the reasonable legal fees and disbursements of Roth Principal Investments' legal counsel in connection with quarterly and annual bring-down due diligence investigations and related matters as contemplated by the Purchase Agreement. The Company has the right to terminate the Purchase Agreement at any time after Commencement upon 5 trading days' prior written notice to Roth Principal Investments. The Company will not incur any termination penalty, except that if the Company terminates the Purchase Agreement within 90 days following the effective date of the Registration Statement, the Company will be obligated to pay Roth Principal Investments, in cash within 3 business days of such termination, the amount, if any, by which $500,000 exceeds the aggregate amount of the Commitment Fee previously withheld by Roth Principal Investments from the purchase prices paid for shares of Common Stock. The Company's right to terminate is also subject to its having paid all Commitment Fee amounts and legal fee reimbursements then required to be paid to Roth Principal Investments. The Company and Roth Principal Investments may also agree to terminate the Purchase Agreement by mutual written consent, provided that no termination of the Purchase Agreement will be effective during the pendency of any Purchase that has not then fully settled in accordance with the Purchase Agreement. Neither the Company nor Roth Principal Investments may assign or transfer any of their respective rights or obligations under the Purchase Agreement or the Registration Rights Agreement, and no provision of the Purchase Agreement or the Registration Rights Agreement may be modified or waived by the Company or Roth Principal Investments from and after the date that is one trading day immediately preceding the date on which the initial Registration Statement is first filed with the SEC. The Company has engaged Digital Offering, LLC, a registered broker-dealer and FINRA member, to be the qualified independent underwriter in connection with the offering to be registered under the Registration Statement and, in such capacity, participate in the preparation of the Registration Statement and exercise the usual standards of "due diligence" with respect thereto, in order for such offering to be in full compliance with the applicable rules and regulations of the Financial Industry Regulatory Authority, Inc., including FINRA Rule 5121. The Company has agreed to reimburse Roth Principal Investments for the fees and expenses of the Qualified Independent Underwriter up to $50,000, as consideration for its services in connection with acting as the qualified independent underwriter in the offering to be registered under the Registration Statement. The Qualified Independent Underwriter will receive no other compensation for acting as the qualified independent underwriter in connection with such offering. Full-text copies of the Purchase Agreement and the Registration Rights Agreement are available at https://tinyurl.com/5kejsnbc and https://tinyurl.com/ypee6xs3, respectively. About Polar Power Polar Power, Inc. designs, manufactures, and sells direct-current power systems that supply energy for off-grid, bad-grid, backup-power, electric-vehicle charging, and nano-grid applications. Its products integrate DC generators, proprietary electronic controls, lithium batteries, and solar photovoltaic technologies. The company sells primarily into telecommunications markets and also serves defense, automotive, marine, and industrial markets. In an audit report dated April 15, 2026, Weinberg & Company, P.A., included a going concern qualification, stating that the company incurred a net loss and negative operating cash flows during the year ended Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the Company had $11.44 million in total assets, $9.06 million in total liabilities, and $2.39 million in total stockholders' equity. POLAR POWER: Terminates ATM Sales Agreement with ThinkEquity ------------------------------------------------------------ Polar Power, Inc. said in a regulatory filing with the Securities and Exchange Commission that it terminated its at-the-market (ATM) sales agreement with ThinkEquity LLC. The ATM sales agreement, originally entered into on Oct. 6, 2025, allowed the Company to offer and sell shares of its common stock from time to time through ThinkEquity LLC as sales agent, subject to the terms and conditions of the agreement. On July 23, 2026, the Company delivered written notice terminating the agreement. The termination became effective the same day upon acknowledgment by ThinkEquity. The Company said no termination fee or penalty is payable in connection with the termination. About Polar Power Polar Power, Inc. designs, manufactures, and sells direct-current power systems that supply energy for off-grid, bad-grid, backup-power, electric-vehicle charging, and nano-grid applications. Its products integrate DC generators, proprietary electronic controls, lithium batteries, and solar photovoltaic technologies. The company sells primarily into telecommunications markets and also serves defense, automotive, marine, and industrial markets. In an audit report dated April 15, 2026, Weinberg & Company, P.A., included a going concern qualification, stating that the company incurred a net loss and negative operating cash flows during the year ended Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the Company had $11.44 million in total assets, $9.06 million in total liabilities, and $2.39 million in total stockholders' equity. PREFERRED MARBLE: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Preferred Marble and Granite, LLC 32205 Groesbeck Highway Fraser, MI 48026 Business Description: Preferred Marble & Granite is a family-owned and operated company based in Fraser, Michigan, with more than 20 years of experience. The company provides countertop design, fabrication, and installation, along with custom fabrication and remodeling services for kitchens, bathrooms, fireplaces, showers, and outdoor kitchens. It works with granite, marble, quartz, quartzite, porcelain, and travertine for residential and commercial projects. The company also provides sink installation, product procurement, and permit handling for remodeling work. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Eastern District of Michigan Case No.: 26-48296 Judge: Hon. Paul R Hage Debtor's Counsel: Lynn M. Brimer, Esq. STROBL STARK PLLC 33 Bloomfield Hills Parkway Suite 125 Bloomfield Hills, MI 48304 Tel: (248) 540-2300 Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Erasmo Orlando as sole member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2F4M3GQ/Preferred_Marble_and_Granite_LLC__miebke-26-48296__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/V6M4JVQ/Preferred_Marble_and_Granite_LLC__miebke-26-48296__0001.0.pdf?mcid=tGE4TAMA PURDY BOYS: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: Purdy Boys, LLC 1480 NW Vivion Rd Kansas City, MO 64118 Business Description: Purdy Boys, LLC owns and leases vehicles and manufacturing equipment used by affiliated companies in the production and distribution of animal-protein ingredients for pet-food manufacturers, operating from Kansas City, Missouri, as an affiliate of Integrated Proteins, LLC. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court District of Kansas Case No.: 26-21116 Debtor's Counsel: Aaron M. Othmer, Esq. CONROY BARAN 1316 Saint Louis Ave., 2nd Fl. Kansas City, MO 64101 Tel: 913-313-6830 E-mail: aothmer@conroybaran.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by David R. Payne as CRO. 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/OCGVQOQ/Purdy_Boys_LLC__ksbke-26-21116__0001.0.pdf?mcid=tGE4TAMA R MCLAIN: Gets Interim OK to Use Cash Collateral ------------------------------------------------ R McLain Enterprises, Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Georgia to use cash collateral. The court authorized the Debtor to use the funds through August 31 in accordance with its interim budget, subject to a 25% variance. As of the petition date, the Debtor's cash collateral totals $29,079, consisting of $1,079 in bank accounts and $28,000 in pre-petition accounts receivable. Potential security interests in future receivables have been identified by Corporation Service Company, as representative, via a UCC-1 statement filed in April, and CFG Merchant Solutions, LLC via a UCC-1 statement filed in June. A third UCC-1 statement filed by First Corporation Solutions in 2021 is reported to have lapsed as of July 1 due to the lack of a timely continuation statement. Pursuant to the interim order, secured lenders including Corporation Service Company and CFG will be granted adequate protection through replacement liens on the Debtor's deposits, accounts receivable, inventory, and related proceeds. These replacement liens exclude Chapter 5 avoidance actions. The order preserves the Debtor's right to challenge the validity, extent, or priority of any pre-petition liens. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Hq5RK from PacerMonitor.com. A final hearing is scheduled for September 3. About R McLain Enterprises Inc. R McLain Enterprises Inc. operates a light construction business including site preparation, land clearing, drainage, erosion control, and related trucking within a 100-mile radius of Lyons, Georgia—generating an average monthly income of approximately $50,000. R McLain sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 26-60219) on July 24, 2026. In the petition signed by Rodney McLain, incorporator, the Debtor disclosed up to $1 million in both assets and liabilities. Judge Edward J. Coleman, III oversees the case. Jon Levis, Esq., at Levis Law Firm, LLC, represents the Debtor as bankruptcy counsel. RAD DIVERSIFIED: Seeks to Sell Philadelphia Properties at Auction ----------------------------------------------------------------- DDH Fund, LLC and its affiliates, seek permission from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtors' Properties are located at 2016 W. Boston St., Philadelphia, PA 19132, 3305 Gransback St., Philadelphia, PA 19134, 3850 N. 18th St., Philadelphia, PA 19140, 2056 Haines St., Philadelphia, PA 19138, 3013 N. Lambert St., Philadelphia, PA 19132, 1331 W. Silver St., Philadelphia, PA 19132. The Debtor is the record title owner of the Property. The Property consists of six separate parcels of real property in Philadelphia, Pennsylvania, each of which is improved with a single-family or multifamily residential property. The total tax assessed value of the Property is $517,200.00. To the best of the Debtor's knowledge, information, and belief, there are no tenants or parties in possession of any of the Parcels. The Debtor, by and through its Chief Restructuring Officer, Katie Goodman, in an exercise of her reasonable business judgment, has determined that it is in the best interests of the Debtor and the estate to sell the Property at public auction. The Debtor employs Soldnow, LLC d/b/a Tranzon Driggers (TD) as auctioneer. The Debtor seeks authority to sell the Property through an Auction and related sale process, subject to the Debtor's right to seek an alternative course of action to maximize the value of its estate. TD will conduct an extensive and robust marketing process designed to maximize the number of auction participants, bidders, and purchase price. The Debtor has a sound business justification for selling the Property. The Property is not subject to a mortgage. The value of the Property will be tested through the Auction conducted pursuant to and according to the bid procedures set forth in the Auction Motion. The only liens against the Property are taxes, which are to be paid by the Purchaser at closing, and the liens and encumbrances, which will be paid from the Net Proceeds of sale at closing. About DDH Fund LLC Ddh Fund, LLC is a Florida-based limited liability company operating as an investment and asset management entity. Ddh Fund, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01640) on March 1, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. The Debtor is represented by Joseph A. Pack, Esq. of Pack Law. RAZAD ENTERPRISES: Hearing Today on Bid to Use Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, is set to hold a hearing today to consider extending RAZAD Enterprises, LLC's authority to use cash collateral. The Debtor was initially allowed to access cash collateral under the court's July 30 interim order. The initial order authorized the Debtor to use post-petition cash, excluding the $72,335.75 on hand as of the petition date, to pay operating expenses while requiring PNC Bank to segregate the $72,335.75 pending further court order. The order granted secured creditors adequate protection in the form of replacement liens on all of the Debtor's post-petition property including cash collateral, with the same priority and extent as their pre-petition claims. These replacement liens do not apply to Chapter 5 causes of action and are subject to a fee carveout. The order is available at http://bankrupt.com/misc/RAZADEnterprises_CCOrder31.pdf Public UCC filings with the Texas Secretary of State reveal potential claims held by Financial Pacific Leasing, Inc., FC Capital Holdings, LLC, Ouiby, Inc., and an unidentified creditor represented by Corporation Service Company. Although FC Capital appears as the senior lienholder, the debt has been paid in full and that no creditor holds a perfected security interest specifically in the Debtor's cash. About RAZAD Enterprises LLC RAZAD Enterprises, LLC manages retail stores specializing in hemp wellness products alongside the formulation and distribution of ZAR Branded CBD/THC products. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Texas Case No. 26-42502) on July 23, 2026. In the petition signed by Razia T. Qureshi Shalami, co-founder and chief operating officer, the Debtor disclosed up to $500,000 in both assets and liabilities. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as bankruptcy counsel. REKOR SYSTEMS: Arctis Global Exits 5% Ownership Stake ----------------------------------------------------- Arctis Global LLC disclosed in a Schedule 13G (Amendment No. 3) filed with the Securities and Exchange Commission that as of March 25, 2026, it no longer beneficially owns any shares of Rekor Systems, Inc. following the distribution of its entire stake. According to the filing, Arctis Global effected a pro-rata, in-kind distribution of all Rekor Systems common shares held by the firm to its respective partners and investors for no consideration. Following the distribution, Arctis Global's beneficial ownership was reduced to zero shares, representing 0% of the company's outstanding common stock. The amendment states that the filing was made to report that the reporting person has ceased to be the beneficial owner of more than 5% of Rekor Systems' outstanding common stock. It further notes that the amendment constitutes the final amendment to the Schedule 13G and serves as an exit filing. The Schedule 13G was filed pursuant to Rule 13d-1(b) under the Securities Exchange Act of 1934. The reporting person certified that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Rekor Systems. Arctis Global LLC may be reached through: Viraj Mehta Arctis Global LLC Am Towers, 207 Calle Del Parque 7th Floor San Juan, PR 00912-3242 4402039951875 A full-text copy of Arctis Global LLC's SEC report is available at https://tinyurl.com/577ka7tp About Rekor Systems Rekor Systems, Inc. (NASDAQ: REKR) builds trusted-data, privacy, and security solutions for real-world video and sensor networks. Rekor's AI-powered roadway intelligence platforms are deployed across the United States, delivering real-time data and actionable insights to transportation agencies, law enforcement, and commercial operators. Morristown, New Jersey-based CBIZ CPAs P.C., the Company's auditor since 2019 (such date takes into account the acquisition of the attest business of Marcum LLP by CBIZ CPAs P.C. effective Nov. 1, 2024), issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $78.5 million in total assets, $44 million in total liabilities, and $34.5 million in total stockholders' equity. RESTORATION MENTAL: Case Summary & 11 Unsecured Creditors --------------------------------------------------------- Debtor: Restoration Mental Health Services, LLC 4630 200th St SW, Suite F Lynnwood, WA 98036 Business Description: Restoration Mental Health Services (RMHS), LLC is a private mental health practice based in Lynnwood, Washington. The practice provides psychotherapy, medication management, depression treatment, and therapies including Transcranial Magnetic Stimulation and Theta Chamber therapy. It also offers IV therapy, Emsella Chair services, and aesthetic services. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Western District of Washington Case No.: 26-12334 Judge: Hon. Christopher M Alston Debtor's Counsel: Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Tel: (425) 212-4800 Fax: (425) 212-4802 E-mail: courtmail@expresslaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Bridgette Jeffries as managing member. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5QUARJY/Restoration_Mental_Health_Services__wawbke-26-12334__0001.0.pdf?mcid=tGE4TAMA ROBERTSHAW PARENT: S&P Lowers ICR to 'CC' on Expected PIK Interest ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Itasca, Illinois-based Robertshaw Parent LLC (Robertshaw) to 'CC' from 'CCC+'. S&P said, "We also lowered our issue-level ratings on the company's first-out term loan to 'CCC' from 'B' and on its second-out term loan issued at subsidiary Robertshaw Controls Co. to 'CC' from 'CCC+'. The '1' recovery rating on the first-out and '3' recovery rating on the second-out term loans remain unchanged. "Simultaneously, we placed all ratings on CreditWatch with negative implications. "The negative CreditWatch reflects that we could lower our ratings over the next 90 days or less if the company does not pay interest in cash when due or undertakes a debt restructuring that we consider to be distressed." Robertshaw disclosed in its audited financial report for the fiscal year ended March 31, 2026 (fiscal 2026) that it has elected to pay in kind (PIK) interest on its term loans for the second and third quarters of fiscal 2027, amid weak operating performance and thinning liquidity. S&P said, "We do not believe Robertshaw's post-emergence term loan credit agreement dated Oct. 1, 2024, allows it to PIK interest. As a result, S&P Global Ratings expects a modification to interest payments that we view as tantamount to a default. "S&P Global Ratings expects a modification to interest payments that we view as tantamount to a default. Robertshaw is facing a downturn in sales to consumer and commercial appliance markets that began midway through calendar-year 2022. Lower residential housing turnover, weak consumer sentiment, and original equipment manufacturer (OEM) inventory overhang led to a revenue decline of about 13% in fiscal 2026, worse than our forecast of about 9%." With no clear catalyst in sight for a material near-term rebound in the North American major domestic appliance industry, revenue and earnings will likely remain pressured over the coming quarters. In the approximately six quarters since Robertshaw's emergence from bankruptcy on Oct. 1, 2024, it has not generated positive free operating cash flow (FOCF), causing liquidity to deteriorate. Weak operating performance from continued pressure on revenue, unfavorable operating leverage, and working capital outflows led to S&P Global Ratings-adjusted FOCF of negative $22 million in fiscal 2026, the fifth consecutive year of a deficit. Upon emerging from bankruptcy, Robertshaw had approximately $53 million of liquidity, including cash plus availability under its asset-based loan (ABL); as of the end of fiscal 2026, liquidity had dropped to about $23 million. S&P forecasts its S&P Global Ratings-adjusted interest expense to be around $25 million in fiscal 2027. S&P said, "Moreover, we don't expect any meaningful cash-flow generation in the near term because of challenging end-market conditions. In our view, Robertshaw remains vulnerable and dependent on improved operating and financial results to service and repay its debt and financial obligations, resulting in a liquidity shortfall. "Given that its credit agreement does not provide Robertshaw with the ability to PIK the interest, we would likely view PIK interest akin to a default on the original promise. "We placed all our ratings on Robertshaw on CreditWatch with negative implications. The placement reflects that we could lower our ratings over the next 90 days or less if the company does not pay interest in cash when due or undertakes a debt restructuring that we consider to be distressed." ROOFING DESIGNS: Seeks to Hire Offit Kurman as Bankruptcy Counsel ----------------------------------------------------------------- Roofing Designs by JR, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Offit Kurman as counsel. The firm will render these services: a. serve as counsel of record for the Debtor in all legal aspects of this Bankruptcy Case; b. prepare pleadings in connection with the Bankruptcy Case; and c. appear before the Court to represent the interests of the Debtor in connection with the Bankruptcy Case. Offit Kurman's standard hourly rates are $640 to $695 for principals, $440 to $525 for associates and counsel, and $230 to $250 for paraprofessionals. Prior to the petition date, the firm received a $5,000 retainer. Offit Kurman is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Frances A. Smith, Esq. OFFIT KURMAN 700 North Pearl Street, Suite 1610 Dallas, TX 75201 Telephone: (214) 377-7879 Facsimile: (214) 377-9409 E-mail: frances.smith@offitkurman.com About Roofing Designs Roofing Designs by JR, LLC, had been concentrating larger commercial projects mainly in Houston, Texas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 23-32275) on Oct. 4, 2023, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Eric A. Liepins, Esq., at Eric A. Liepins, P.C., is the Debtor's legal counsel. ROYAL REAL: Case Summary & Seven Unsecured Creditors ---------------------------------------------------- Debtor: Royal Real Estate Company, Inc. 21121 35th Drive SE Bothell, WA 98011 Business Description: Royal Real Estate Company, Inc. is a Bothell, Washington-based real estate holding and leasing company. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Western District of Washington Case No.: 26-12339 Judge: Hon. Timothy W Dore Debtor's Counsel: Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Tel: (425) 212-4800 Fax: (425) 212-4802 E-mail: courtmail@expresslaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Karanbir S. Sidhu as president. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XCQMECA/Royal_Real_Estate_Company_Inc__wawbke-26-12339__0001.0.pdf?mcid=tGE4TAMA SA POOL: Seeks to Hire Orion Guest & Little as Accountant --------------------------------------------------------- SA Pool Construction, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Orion, Guest & Little, P.C. as accountants. The firm's services include: a. preparing tax returns, sales tax returns and franchises tax returns; and b. performing other accounting services. The firm will be paid at these rates: Melanie Ytuarte $325 per hour Teresa $250 per hour Diana $280 per hour Melanie Ytuarte, a partner at Orion, Guest & Little, P.C., assured the court that she is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Melanie Ytuarte Orion, Guest & Little, P.C. 11955 Network San Antonio, TX 78249 Phone: (210) 641-5600 About SA Pool Construction Inc. SA Pool Construction, Inc. is a Texas-based company specializing in the construction of luxury swimming pools, water features, and spas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51198) on May 4, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Michael Colvard serves as Subchapter V trustee. Judge Aubrey L. Thomas oversees the case. Dean Greer, Esq., at West & West Attorneys at Law, P.C., represents the Debtor as bankruptcy counsel. SCREEN REPAIR: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida granted Screen Repair by Joe Power, LLC interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to pay court-approved expenses, quarterly U.S. Trustee fees, the bare necessities of day-to-day business operations, and pre-petition wages for employees who remain employed after the bankruptcy filing. This authorization will continue until further order of the court. The Debtor may make additional expenditures if they receive written approval from United Midwest Savings Bank and the U.S. Small Business Administration. Any spending beyond the budget may still be permitted if it qualifies as an administrative expense, although it may give rise to remedies for the secured creditors. The Debtor believes United Midwest Bank and the SBA may assert an interest in the cash collateral, and that the collateral securing the debt is valued at approximately $248,538.31. Creditors holding security interests in the cash collateral will be granted adequate protection through automatically perfected post-petition replacement liens, with the same validity, priority, and extent as their pre-petition liens. Additional safeguards include insurance coverage and access to business records and premises. The order preserves the rights of all parties to seek additional adequate protection, challenge the validity or priority of liens, or pursue other available remedies. It also preserves the U.S. Trustee's authority to appoint a creditors' committee if appropriate. The order is available at http://bankrupt.com/misc/ScreenRepair_ICCOrder35.pdf The court scheduled a continued hearing for September 16. The Debtor's business is comprised of two units (Repair and New Build). The Repair unit accounts for 60% of the revenues while the New Build unit accounts for the remaining 40%. The business runs lean due to needing minimal overhead, and it has a negative cash conversion cycle. As part and parcel of its operations, the Debtor generates cash on a point-of-sale basis. Revenues and receivables are constantly being deposited in the Debtor's operating accounts. About Screen Repair by Joe Power LLC Screen Repair by Joe Power LLC, operating under the Screen Enclosures by Joe Power brand and formerly doing business as 9 Flags LLC, provides screen repair and enclosure contracting services in Northeast Florida. The Ponte Vedra, Florida-based company, founded in 2000, designs, builds and repairs patio enclosures, screened lanais, pool enclosures, screen rooms and related outdoor living structures for residential customers in Jacksonville, St. Augustine, Ponte Vedra Beach, Mandarin and surrounding communities. Screen Repair by Joe Power filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02029) on May 5, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Jerrett McConnell, Esq., at McConnell Law Group, P.A. serves as Subchapter V trustee for the Debtor. Judge Jacob A. Brown presides over the case. Donald M. DuFresne, Esq., at Parker & Dufresne represents the Debtor as legal counsel. SILVER STAR: Gets Final OK to Use Cash Collateral ------------------------------------------------- Silver Star Virginia Parkway, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral based on the court-approved budget and to exceed individual budget line items by up to 10%. Following the initial budget period, the Debtor must submit a monthly budget at least seven days before the 20th of each month, with the lender having until two business days before the 20th to object. If no objection is filed, the proposed budget automatically becomes effective for the following month. Ashton Gaskins Storage, LLC, a secured lender, will be granted adequate protection through replacement liens on the Debtor's rents, accounts, and other personal property, with the same validity and priority as its pre-petition liens. The replacement liens do not apply to avoidance actions and are subordinate to a carveout for approved professional fees, U.S. Trustee fees, and Clerk of Court fees. As additional protection, the Debtor is required to continue its monthly payments of $30,000, with the next payment due by August 14. The final order preserves the rights of the Debtor and other parties to challenge the validity, priority, or enforceability of the lender's liens and security interests. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/l9moR from PacerMonitor.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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42315) on May 28, 2026, with $7,650,856 in total assets and $5,982,406 in total liabilities. David T. Wheeler, manager of Silver Star, signed the petition. Judge Mark X. Mullin oversees the case. Robert T. DeMarco, Esq., at DeMarco Mitchell, PLLC, represents the Debtor as legal counsel. SILVER STATE: Case Summary & Five Unsecured Creditors ----------------------------------------------------- Debtor: Silver State Building Systems, LLC 6351 Hinson St, Ste. C Las Vegas, NV 89118 Business Description: Silver State Building Systems, LLC provides framing, drywall, insulation, taping, scaffolding, shoring, wallcovering, and painting services for commercial buildings and custom homes. Founded in 2018, the company operates as a non-union contractor and provides bonded services for qualifying projects. Its workforce has more than 40 years of combined construction experience. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court District of Nevada Case No.: 26-14676 Judge: Hon. August B Landis Debtor's Counsel: Matthew C. Zirzow, Esq. LARSON & ZIRZOW, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Tel: 702-382-1170 E-mail: mzirzow@lzlawnv.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Rocky Agnotti as managing member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TQLCCYY/SILVER_STATE_BUILDING_SYSTEMS__nvbke-26-14676__0001.0.pdf?mcid=tGE4TAMA SIMAD HOLDINGS: Court OKs Summer Camp Asset to Grandview Ventures ----------------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey, has granted Simad Holdings Ltd. and its affiliates, to sell summer camp business, free and clear of liens, claims, interests, and encumbrances. The Debtors own and operate summer camps that generally operate from June through August. With the summer season in full swing and many campers showing up in the week the unique circumstances of the chapter 11 cases justify the expedited timeline contemplated by the Motion and the Bidding Procedures. The Court has authorized the Debtor to sell the business to Camp Achim LLC, a New York limited liability company. The Debtors have demonstrated a sound business purpose and compelling justification for consummating the sale of the Acquired Assets. The Buyer is willing to acquire the property for the Purchase Price of: $7,000,000 in cash; the Cure Amounts; and the assumption of Assumed Liabilities, without this consideration, Camp Achim will not have sufficient liquidity to continue to operate throughout this summer. The Debtors’ decision to sell the Acquired Assets outside a plan of reorganization pursuant to the Private Sale Procedures approved in the Bidding Procedures Order was an exercise of the Debtors' sound business judgment, is in the best interests of the Debtors, their estates, their creditors, and all parties in interest, and should be approved. The consideration provided by the Buyer for the Acquired Assets constitutes fair and adequate consideration. The Asset Purchase Agreement, was negotiated, proposed, and entered into by the Sellers and the Buyer without collusion, in good faith, and from arm's length bargaining positions. The Buyer is not a successor to the Sellers or their estates by reason of any theory of law or equity and shall not assume or be deemed to assume, or in any way be responsible for, any liability or obligation of the Sellers or their estates, including without limitation any bulk transfer law, tax, or theory of successor, transferee, or vicarious liability, whether known or unknown as of the Closing. The Sellers are authorized and directed to perform under, consummate, and implement the terms of the APA together with all additional instruments and documents that may be reasonably necessary or desirable to implement the APA and consummate the Transaction. About SIMAD Holdings Ltd. SIMAD owns and operates a portfolio of 30-day and sleepaway summer camps located primarily in the eastern United States, including New Jersey, New York, Maine, and Pennsylvania. Operating in the summer camp sector since 2006, the company's camps generally run from June through August and enroll approximately 20,500 children annually. SIMAD's camps offer programs across sports, academics, arts, technology, and religion, with each camp separately branded and independently operated through its own management, staff, accounting, and operational infrastructure. SIMAD Holdings Ltd sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16388) on June 4, 2026. In their petitions, the Debtors reported estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. Assaf Ravid, chief restructuring officer, signed the petitions. The Debtors' Restructuring & Bankruptcy Counsel is Cole Schotz P.C. Their financial advisor and investment banker is B. Riley Securities, Inc. The Debtors' claims and noticing agent is Kroll Restructuring Administration LLC. Counsel to the Operators Bid Group 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. SIMAD HOLDINGS: Subject to DOJ Probe ------------------------------------ Hilary Russ of Law360 Bankruptcy Authority reports that SIMAD Holdings Inc. revealed that it is the subject of a federal grand jury investigation after receiving a subpoena from the U.S. Department of Justice seeking company records. The bankrupt summer camp operator said the investigation also covers its controlling shareholders and certain affiliated entities. The subpoena directs the company to produce documents as part of an ongoing criminal investigation. Court filings indicate that the government is examining matters involving the debtor and related parties while the company continues to navigate its Chapter 11 restructuring, the report relays. SIMAD told the bankruptcy court it will comply with the subpoena and cooperate with federal authorities. The investigation introduces another challenge for the debtor as it seeks to resolve creditor claims and complete the bankruptcy process, according to Law360. About SIMAD Holdings LLC SIMAD Holdings LLC company operates a portfolio of camp and recreational facilities that provide seasonal educational and outdoor experiences for children and young adults. SIMAD Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16515) on June 4, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. SIMPLY SOLAR: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Simply Solar LLC 10970 Arrow Route, Suite 105 and 106 Rancho Cucamonga, CA 91730 Business Description: Simply Solar LLC designs, installs, and maintains solar energy systems, battery storage units, and electric vehicle chargers for residential and commercial customers. Founded in 2013, the company serves Los Angeles, San Diego, Santa Barbara, Orange, Imperial, Riverside, San Bernardino, and Ventura counties in California. Simply Solar manages the process from sales and system design through installation, monitoring, and service, and has powered more than 1,000 homes and small businesses. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16000 Judge: Hon. Scott H Yun Debtor's Counsel: Michael Jay Berger, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Boulevard, 6th Floor Beverly Hills, CA 90212 Tel: (310) 271-6223 E-mail: michael.berger@bankruptcypower.com Total Assets: $168,250 Total Liabilities: $2,551,010 The petition was signed by Anita Bradbury as member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ZLAF5ZY/Simply_Solar_LLC__cacbke-26-16000__0001.0.pdf?mcid=tGE4TAMA SIMRY REALTY: Family Fight Erupts Over Chapter 11 Dismissal Bid --------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that a dispute among members of the Haruvi family has spilled into bankruptcy court, with Simry Realty Corp. opposing a motion to dismiss its Chapter 11 case. The company and the family members who authorized the filing argue that the bankruptcy serves a legitimate restructuring purpose and should remain in place. Another member of the family has asked the court to throw out the case, asserting that the filing was improper. In response, Simry argued that the petition was validly authorized and that Chapter 11 provides the most effective mechanism for protecting the company's assets while disputes among family members are resolved, the report relays. The company told the court that dismissing the case would disrupt the restructuring process and could harm creditors by exposing the estate to unnecessary litigation and collection efforts. It urged the judge to deny the dismissal request and keep the bankruptcy proceedings moving forward, according to Law360. About Simry Realty Corp. Simry Realty Corp. is a privately held real estate company affiliated with the Haruvi family and engaged in the ownership of residential rental properties in New York City. The company co-owns a portfolio of Manhattan apartment buildings and derives value from property management, leasing and long-term real estate investment activities. Simry Realty Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11409) on June 14, 2026. In its petition, the Debtor reports assets and liabilities as much as $100 million. Honorable Bankruptcy Judge Philip Bentley handles the case. The Debtor is represented by J. Ted Donovan, Esq. of Goldberg Weprin Finkel Goldstein LLP. SLEEP NUMBER: Committee Taps Pachulski Stang Ziehl as Counsel ------------------------------------------------------------- The official committee of unsecured creditors of Sleep Number Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Pachulski Stang Ziehl & Jones LLP as its counsel. The firm's services include: a. advising the Committee with respect to its rights, duties, and powers in these Chapter 11 Cases; b. assisting and advising the Committee in its consultations with the Debtors relative to the administration of these Chapter 11 Cases; c. assisting the Committee in analyzing the claims of the Debtors' creditors and the Debtors' capital structure and in negotiating with holders of claims; d. assisting the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors and of the operation of the Debtors' businesses; e. assisting the Committee in its investigation of, inter alia, the liens and claims of the Debtors' lenders and the prosecution of any claims or causes of action revealed by such investigation; f. assisting the Committee in its analysis of, and negotiations with, the Debtors or any third-party concerning matters related to, among other things, the assumption or rejection of leases of nonresidential real property and executory contracts, asset dispositions, financing or other transactions, and the terms of one or more plans of reorganization for the Debtors and accompanying disclosure statements and related plan documents; g. assisting and advising the Committee in communicating with unsecured creditors regarding significant matters in these Chapter 11 Cases; h. representing the Committee at hearings and other proceedings; i. assisting the Committee in preparing pleadings and applications as may be necessary and in furtherance of the Committee's interests and objectives; j. preparing, on behalf of the Committee, any pleadings, including without limitation, motions, memoranda, complaints, adversary complaints, objections, or comments in connection with any of the foregoing; and k. performing such other legal services as may be required or requested or as may otherwise be deemed in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. PSZJ's current standard hourly rates are: Partners $1,150 to $2,695 Of Counsel $1,175 to $2,050 Associates $725 to $1,350 Paraprofessionals $625 to $695 Pursuant to Part D1 of the 2013 UST Guidelines, the firm is seeking employment as co-counsel for the Debtors under section 327 of the Bankruptcy Code and provides the following responses set forth below: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months 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 reasons for the difference. Response: PSZ&J has not represented the Committee during the 12-month period prepetition. Question: Has your client approved your respective budget and staffing plan, and, if so, for what budget period? Response: As Committee counsel, the Firm anticipates that the Committee's professional fees will be initially governed by any budget approved in connection with any postpetition financing or cash collateral usage. The Committee and its professionals reserve all rights to seek approval of the Committee's professional fees. In addition, the firm will seek reimbursement for expenses incurred. Bradford Sandler, Esq., a partner at Pachulski Stang Ziehl & Jones LLP, disclosed that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradford J. Sandler, Esq. Pachulski Stang Ziehl & Jones LLP 10100 Santa Monica Boulevard, 13th Floor Los Angeles, CA 90067 Telephone: (310) 277-6910 About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Sleep Number Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. The Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Brian Resnick, Esq. of Davis Polk & Wardwell LLP, as counsel. The Debtors also tapped AP Services, LLC to provide a Chief Restructuring Officer; Guggenheim Securities, LLC, as investment banker; A&G Real Estate Partners as real estate advisors; and Kroll Restructuring Administration, LLC, as claims, noticing, solicitation, and administrative agent. The Official Committee of Unsecured Creditors hired Province, LLC as financial advisor and Pachulski Stang Ziehl & Jones LLP as counsel. SLEEP NUMBER: Committee Taps Province LLC as Financial Advisor -------------------------------------------------------------- The official committee of unsecured creditors of Sleep Number Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Province, LLC as its financial advisor. The firm's services include: (a) becoming familiar with and analyzing the Debtors' DIP/Cash Collateral budget, assets and liabilities, and overall financial condition; (b) reviewing financial and operational information furnished by the Debtors; (c) monitoring the sale process, interfacing with the Debtors' professionals, and advising the Committee regarding the process; (d) scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; (e) analyzing the Debtors' proposed business plans and developing alternative scenarios, if necessary; (f) assessing the Debtors' various pleadings and proposed treatment of unsecured creditor claims therefrom; (g) preparing, or reviewing as applicable, avoidance action and claim analyses; (h) assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, DIP/Cash Collateral budgets, and monthly operating reports; (i) advising the Committee on the current state of these Chapter 11 Cases; (j) advising the Committee in negotiations with the Debtors and third parties as necessary; (k) if necessary, participating as a witness in hearings before the Court with respect to matters upon which Province has provided advice; and (l) other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. Province's standard hourly rates are: Managing Directors and Partners $900 to $1,600 Vice Presidents, Directors, and Senior Directors $700 to $1,050 Analysts, Associates, and Senior Associates $370 to $750 Paraprofessional/Admin /Interns $270 to $380 As disclosed in the court filings, Province, LLC is a "disinterested persons" within the meaning of section 101(14), as modified by section 1107(b) of the Bankruptcy Code. The firm can be reached through: Sanjuro Kietlinski Province, LLC 2360 Corporate Circle, Suite 340 Henderson, NV 89074 Phone: (702) 685-5555 About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Sleep Number Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. The Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Brian Resnick, Esq. of Davis Polk & Wardwell LLP, as counsel. The Debtors also tapped AP Services, LLC to provide a Chief Restructuring Officer; Guggenheim Securities, LLC, as investment banker; A&G Real Estate Partners as real estate advisors; and Kroll Restructuring Administration, LLC, as claims, noticing, solicitation, and administrative agent. The Official Committee of Unsecured Creditors hired Province, LLC as financial advisor and Pachulski Stang Ziehl & Jones LLP as counsel. SLEEP NUMBER: Judge Approves $1.8MM Employee Retention Payments --------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a bankruptcy judge in New York has rejected the U.S. Trustee's challenge to Sleep Number Corp.'s proposed $1.8 million employee retention plan, ruling that the company may proceed with the incentive program. The court found that the employees covered by the plan were not insiders and that the company demonstrated a meaningful risk of attrition without the payments. According to the court, the retention incentives were intended to preserve key operational staff whose continued employment is important to the company's restructuring efforts. The judge concluded that the payments were designed to encourage employees to remain with the company rather than reward past performance. The ruling clears the way for Sleep Number to implement the retention plan during its Chapter 11 case. The company argued that maintaining an experienced workforce is essential to preserving enterprise value while pursuing its financial restructuring, the report relays. About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Sleep Number Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Brian Resnick, Esq. of Davis Polk & Wardwell LLP. SLEEP QUARTERS: Waxahachie Property Sale to Bates Real Estate OK'd ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has granted Sleep Quarters Plus Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of 1.37 acres of improved real property located at 500 N. Highway 77, Waxahachie, Texas. The Debtor requests the Court to enter an order authorizing the sale of the Property free and clear of all liens and encumbrances, and that such liens, claims and encumbrances attach to the sales proceeds. All property taxes will be paid at closing, along with the debt to Citizens National Bank. The Debtor seeks to sell the Property to Bates Real Estate, LLC and/or Assigns for the price of $1,500,000.00. The Court has authorized the Debtor to sell the Property to Bates Real Estate. The consideration offered by the Buyer constitutes full and adequate consideration and reasonably equivalent value for the Property. The transfer of the Property to the Buyer represents an arm's length transaction and has been negotiated in good faith between the parties. The Buyer, as transferee of the Property, is a good faith purchaser and is entitled to the full protection. The Debtor may sell the Property free and clear of any lien held by any lender and any other liens, claims, encumbrances and other interests. The Debtor is authorized to fully perform all terms and conditions of the Contract, together with all additional instruments and documents which may be reasonably necessary, convenient or desirable in performing under the Contract, and to take any and all further actions as may be necessary or appropriate in performing the obligations as contemplated by the Contract. Citizens National Bank of Texas will be paid all of the sales proceeds less the title company fees, real estate commissions, ad valorem and personal property taxes and any other reasonable and necessary closing costs at closing. The real estate firm of Tero Texas for the Debtor will receive a sales commission of 3% of the gross sales price at closing. The total sales commission will not exceed 6%. All claims in or against the Property shall attach to the net proceeds arising from the sale of the Property to the Buyer, if any, with the same force, validity, effect, priority and enforceability as such claims had prior to such sale. About Sleep Quarters Plus Inc. Sleep Quarters Plus, Inc. specializes in the retail distribution of mattresses, bedding essentials, and bedroom furnishings. Based in Texas, the company offers an assortment of sleep-related products through its retail outlets, catering to customers looking for value-oriented and quality bedding options. Sleep Quarters Plus filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-34803) on December 2, 2025. In its petition, the Debtor reported $1 million to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor tapped Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC as legal counsel and Manning & Associates, PC as accountant. SMART COUNSELING: Has Deal on Cash Collateral Access ---------------------------------------------------- Smart Counseling and Menial Health Center Licensed Professional Clinical Counselor, Inc. and CDC Small Business Finance advise the U.S. Bankruptcy Court for the Central District of California, Riverside Division, that they have reached an agreement regarding the use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. Pre-petition, in December 2024, the Debtor executed a U.S. Small Business Administration promissory note with CDC Small Business Finance for $300,000, which was later reduced to $255,000 via a Change Notice in May 2025 due to unreleased funds. As of the petition date, the principal and interest owed to CDC stood at approximately $233,320, requiring monthly payments of $3,333. The loan is secured by a Commercial Security Agreement dated December 19, 2024, granting CDC a security interest in all personal property including inventory, equipment, accounts receivable, health-care receivables, deposit accounts, and general intangibles, perfection of which was established via a UCC-1 financing statement filed in 2024. To maintain post-petition operations, the Debtor and CDC entered into an amended stipulation for adequate protection and use of cash collateral. Under the agreement, CDC consents to the Debtor's use of cash collateral through January 29, 2027, strictly to pay ordinary and necessary operational expenses in accordance with an attached budget. Expenditures are restricted by a 15% line-item variance cap unless approved in writing by CDC, and cash collateral cannot be paid to insiders without meeting Bankruptcy Code and Local Bankruptcy Rule requirements. As adequate protection, the Debtor agrees to make monthly payments of $3,333 to CDC starting June 1. CDC is also granted an automatically perfected replacement lien on post-petition assets and a superpriority administrative claim), both limited to the amount of any post-petition cash collateral diminution. The stipulation outlines strict default, termination, and reservation parameters. In the event of a default, CDC must issue written notice giving the Debtor a 15-calendar-day cure period (accompanied by a $100 default administrative fee). Failure to cure automatically terminates cash collateral authorization and requires the Debtor to immediately sequester all cash collateral. Termination also occurs upon a plan confirmation, case dismissal or conversion to Chapter 7, or appointment of a Chapter 11 trustee. CDC reserves all rights to seek additional adequate protection, file for relief from the automatic stay, object to plan terms or asset valuations, or move to dismiss or convert the case. The agreement, subject to bankruptcy court approval and retention of jurisdiction, confirms that CDC's replacement liens and priority claims will survive any eventual case dismissal. A copy of the stipulation is available at https://urlcurt.com/u?l=XbAQMO from PacerMonitor.com. About Smart Counseling and Mental Health Center Smart Counseling and Mental Health Center Licensed Professional Clinical Counselor, Inc. provides outpatient therapy services to individuals, couples, and families, with a focus on the veteran community. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-13810) on May 13, 2026. In the petition signed by Lean Smart, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Scott H. Yun oversees the case. Larry D. Simons, Esq., at Janus Law represents the Debtor as counsel. CDC Small Business Finance, as lender, is represented by David McAllister, Esq. at Aldridge Pite, LLP. SMOK CIGAR: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------ Smok Cigar Lounge, LLC, a Nevada limited liability company, asks the U.S. Bankruptcy Court for the District of Nevada for emergency authorization to use cash collateral. The Debtor filed for Chapter 11 Subchapter V protection to manage approximately $155,000 in merchant cash advance obligations, $250,000 in general unsecured loans and credit card debts, and outstanding rent arrearages. The Debtor urgently requires access to its cash collateral to maintain business operations, satisfy ordinary course expenses, and prevent immediate, irreparable harm to the estate. The primary financial dispute highlights a pre-petition loan agreement entered into on February 18, 2026, with Celtic Bank Corporation/Fora Financial, under which the Debtor received $150,000 in capital in exchange for agreeing to repay $195,000 via weekly deductions of $2,635 secured by personal property and accounts. A pre-petition UCC search revealed no perfected financing statements filed by Celtic Bank or Fora—identifying only an unutilized UCC filing for U.S. Foods and an unrelated April 2025 filing by an anonymous representative, Middesk. Furthermore, no creditor holds a perfected security interest in the Debtor's bank accounts or cash on hand via deposit account control agreements under Nevada law. The Debtor also alleges that Fora willfully violated the automatic stay post-petition by auto-debiting two weekly payments totaling $5,270, which Fora has failed to refund, rendering Fora's claim subject to disallowance under section 502(d) and setting its underlying security interest up for avoidance as unperfected under section 544(a)(1). Filed out of an abundance of caution, the Debtor requests immediate authorization to utilize cash collateral strictly in accordance with a provided operating budget (allowing a 10% aggregate monthly variance), while waiving any 14-day stay under Bankruptcy Rule 6004(h) to make the interim order effective immediately upon entry. In exchange for the interim authorization, the Debtor offers continued operational maintenance to preserve business value and requests that the court schedule a final hearing no earlier than 14 days after service, preserving all rights and objections for creditors, the U.S. Trustee, and the Subchapter V Trustee. A copy of the motion is available at https://urlcurt.com/u?l=NcetTg from PacerMonitor.com. About Smok Cigar Lounge LLC Smok Cigar Lounge, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nevada Case No. 26-14267) on July 7, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Mike K. Nakagawa presides over the case. Matthew C. Zirzow, Esq., at Larson and Zirzow, LLC represents the Debtor as legal counsel. SOARING EAGLES: Seeks to Hire Sender Law Firm as Legal Counsel -------------------------------------------------------------- Soaring Eagles Townhomes Association, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire The Sender Law Firm as counsel. The firm will be providing legal advice and representation in connection with the general administration of the Estate, confirmation of any proposed plan of reorganization, all other contested and adversary matters that arise in this case, investigation and litigation of any avoidance or other action the Estate may have, and other legal services for Debtor related to or arising out of contested matters in this bankruptcy case. Katharine S. Sender is the attorney at the firm who will be primarily responsible in this case. Ms. Sender's hourly rate is $350. Paralegal rates are $150 an hour based on the normal hourly rates charged by the firm for similar clients. The firm received a prepetition retainer in the amount of $20,000 on or about June 3, 2026. Ms. Sender assured the court that the Sender Law Firm is a disinterested person under 11 U.S.C. Secs. 101 and 327(a) and does not hold or represent an interest adverse to Debtor, Committee, or the estate in matters upon which the firm is to be engaged. The firm can be reached through: Katharine S. Sender, Esq. The Sender Law Firm 1600 17th Street, Suite 2800 S Denver, CO 80202 Tel: (720) 498-8822 Email: Kate@cosenderlaw.com About Soaring Eagles Townhomes Association Inc. Soaring Eagles Townhomes Association, Inc. is a Colorado Springs, Colorado-based homeowners association responsible for managing a 150-unit residential townhome community. The association oversees common-area maintenance, property management and enforcement of community standards. Prior to filing for bankruptcy, it faced mounting financial pressure related to more than $3 million in estimated repair costs, resulting in a 2025 special assessment of approximately $21,000 per unit. Court records also indicate that mechanic's liens were filed against community properties in 2026. Soaring Eagles Townhomes Association, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-15148) on July 16, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by Katharine S. Sender, Esq., at The Sender Law Firm. SOUTH BAY CONTRACTORS: Seeks Chapter 11 Bankruptcy in California ---------------------------------------------------------------- On July 28, 2026, South Bay Contractors, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the debtor reports between $10 million and $50 million in liabilities. The petition also indicates that funds will be available for distribution to unsecured creditors. Statement of Financial Affairs (Official Form 107 or 207), Corporate Ownership Statement (LBR Form F1007-4), and Attorney Compensation Disclosure (Official Form 2030) must be submitted by Aug. 11, 2026. About South Bay Contractors, Inc. South Bay Contractors, Inc. is a Compton, California-based single asset real estate company whose principal asset is a commercial property located at 2251 W. Rosecrans Ave., Compton, California. The company owns and manages the real estate asset as part of its business operations. South Bay Contractors, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17471) on July 28, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The debtor is represented by James E. Till, Esq. of Till Law Group. SPIRIT AIRLINES: Corporate HQ Draws $88MM Stalking Horse Offer -------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that bankrupt carrier Spirit Airlines has obtained an $88 million stalking horse bid for its former headquarters property in Dania Beach, Florida, giving the Chapter 11 estate a floor price as it markets the campus through a competitive sale process. The bid was approved as part of court-authorized auction procedures. The headquarters campus is being sold alongside other assets as Spirit continues winding down its estate. The company has previously sought court approval for sales of aircraft and related assets as part of its effort to maximize value for creditors, the report relays. Under the approved procedures, prospective buyers may submit higher bids before the auction. If no competing offer exceeds the stalking horse bid, the designated buyer will purchase the headquarters, subject to final bankruptcy court approval, according to Law360. About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. SPIRIT AIRLINES: Honeywell Seeks $24MM in Unreturned Aircraft Parts ------------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that a bankruptcy court has been asked by Honeywell Aerospace US LLC to allow the recovery of more than $24 million worth of aircraft equipment from Spirit Airlines, with the aerospace supplier insisting the assets are its property. The request covers 259 spare aircraft parts and five auxiliary power units, which Honeywell says should be returned immediately or made subject to relief from the automatic stay so they can be repossessed. Honeywell argued that the equipment was never owned by Spirit and therefore cannot be used to satisfy creditor claims. The company said the bankruptcy process should not permit the airline or its creditors to "exploit" property that legally belongs to Honeywell, emphasizing that ownership rights remain unchanged despite the Chapter 11 proceedings. The filing adds to the legal issues surrounding Spirit’s bankruptcy as the airline dismantles its business and sells off assets after shutting down operations. Honeywell contends its equipment should be excluded from the estate and returned promptly because it has no remaining role in the carrier’s liquidation, the report states. About Spirit Aviation Holdings Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. STEWARD HEALTH: Ex-Owner OKs to Pay to Settle Fund Diversion Claims ------------------------------------------------------------------- Dallas Gagnon of MassLive.com reports that Cerberus Capital Management has agreed to resolve claims related to Steward Health Care's bankruptcy by paying an undisclosed settlement to the hospital chain's creditors, although the payment amount and the names of those protected by the agreement remain sealed. The private equity firm held an ownership stake in Steward between 2010 and 2020 before selling the company to a physician group led by longtime CEO Ralph de la Torre. Steward sought Chapter 11 protection in 2024 after years of financial deterioration. The creditor trust alleged Cerberus improperly extracted funds from Steward before exiting its investment. The claims focus on a 2016 dividend payment allegedly made while the hospital system was insolvent and the structure of Cerberus' 2020 exit, including repayment of a loan tied to the transaction. The trust contends those actions harmed creditors, while Cerberus insists the allegations are unfounded and that multiple legal defenses would defeat the claims. Instead of initiating litigation, the parties negotiated under a tolling agreement and resolved the dispute through mediation overseen by a retired federal judge. According to court filings, the trust concluded that settlement offered a better outcome than pursuing expensive litigation involving unresolved legal issues and the prospect of a lengthy trial and appeals process. The trust asked the bankruptcy court to approve the agreement on an expedited basis, arguing that any delay would slow distributions to creditors. Judge Christopher M. Lopez was scheduled to consider the request on July 30. Under the proposed agreement, Cerberus must transfer the settlement funds into escrow within five business days after court approval becomes effective, the report states. About Steward Health Care Steward Health Care System, LLC, owns and operates the largest private physician-owned for-profit healthcare network in the U.S. Headquartered in Dallas, Texas, Steward's operations include 31 hospitals in eight states, approximately 400 facility locations, 4,500 primary and specialty care physicians, 3,600 staffed beds, and nearly 30,000 employees. Steward Health Care provides care to more than two million patients annually. Steward and 166 affiliated debtors filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 24-90213) on May 6, 2024. Judge Christopher M. Lopez oversees the proceeding. The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy counsel; McDermott Will & Emery as special corporate and regulatory counsel; AlixPartners, LLP as financial advisor and John Castellano of AlixPartners as chief restructuring officer. Lazard Freres & Co. LLC, Leerink Partners LLC, and Cain Brothers, a division of KeyBanc Capital Markets Inc., provide investment banking services to the Debtors. Kroll is the claims agent. Susan N. Goodman has been appointed as patient care ombudsman in the Debtors' Chapter 11 cases. SUN GIR: Trustee Seeks to Hire TAGeX Brands as Liquidator --------------------------------------------------------- Bradley Sharp, the Chapter 11 trustee of Sun Gir Incorporated, seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ TAGeX Brands as liquidator. The firm's services include: a. coordinate with the Trustee, the Debtors' landlords, and other parties in interest to obtain access to the Rejected Locations, and Additional Locations, as applicable, and facilitate the orderly removal of the Personal Property; b. inventory, disconnect, remove, transport, and, if necessary, temporarily store the Personal Property located at the Rejected Locations and Additional Locations, as applicable; c. market and sell the Personal Property through one or more commercially reasonable public auctions, online auctions, negotiated sales, or other liquidation methods designed to maximize value; d. collect the proceeds of all sales, provide an accounting thereof to the Trustee, deduct the Liquidator's Court-approved fees and expenses in accordance with the Liquidation Agreement, and remit the net proceeds to the Trustee; e. cooperate with the Trustee in facilitating the turnover of the net sale proceeds to the Trustee to make payment to the Debtors' secured lender Northern Trust Bank, pursuant to the terms of the Court's order and any agreement between the Trustee and the Secured Lender; f. remove the Personal Property in a manner that permits the prompt surrender of the Rejected Locations and any Additional Locations to the applicable landlords, thereby minimizing the accrual of additional administrative rent obligations; and g. perform such other services as are reasonably necessary or incidental to carrying out the removal, marketing, liquidation, and disposition of the Personal Property consistent with the Liquidation Agreement and any order entered by this Court. TAGeX will receive a fixed project fee of $4,420 per location for locations in Southern California and $5,220 per location for locations in Northern California. TAGeX will retain a commission equal to 20% of the gross auction proceeds, with the remaining 80% of the auction proceeds remitted to the Trustee within 30 days following the auction pickup date. In addition, TAGeX will charge purchasers a 15% buyer’s premium. As disclosed in the court filing, TAGeX is disinterested within the meaning of 11 U.S.C. Secs. 327(a) and 101(14). The firm can be reached through: Neal Sherman TAGeX Brands 200 Canal View Blvd Suite 302 Rochester, NY 14623 Phone: (800) 572-4480 Email: info@TAGeXBrands.com About Sun Gir Incorporated Sun Gir Incorporated and affiliates operate 59 Carl's Jr. restaurant locations across California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11056) on April 2, 2026. In the petition signed by Harshad Dharod, president, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Scott C. Clarkson oversees the case. Eric Bensamochan, Esq., at Eric Bensamochan Law Firm, Inc. represents the Debtor as counsel. SUNPOWER CORP: Court Narrows Claims in Two Adversary Proceedings ---------------------------------------------------------------- Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware granted, in part, the motions to dismiss filed by Green Convergence and Solar Tech Energy Systems, Inc. in the following adversary proceedings: 1. MARK ROBERTS, solely in his capacity as Plan Administrator of the Debtor's wind-down estate Plaintiff, v. GREEN CONVERGENCE, Defendant, Adv. Proc. No. 25-52473 (CTG); and 2. MARK ROBERTS, solely in his capacity as Plan Administrator of the Debtor's wind-down estate Plaintiff, v. SOLAR TECH ENERGY SYSTEMS, INC, Defendant, Adv. Proc. No. 25-52477 (CTG). SunPower Corporation was a provider of residential solar energy products and services. On August 5, 2024, SunPower filed a voluntary petition under chapter 11 of the Bankruptcy Code. Over the course of the bankruptcy case, the debtors sold substantially all of their assets through a series of asset sales under Sec. 363 of the Bankruptcy Code. In October 2024, the Court confirmed the debtors' plan, under which the post-confirmation debtors effectively operate as a post-confirmation trust that was vested with estate causes of action. Mark Roberts serves as the plan administrator. The adversary proceedings before this Court are actions to collect on receivables allegedly due to the estate from the defendants, Green Convergence and Solar Tech. The complaints also include counts seeking avoidance and recovery of allegedly preferential transfers. Before filing for bankruptcy, in March of 2021, SunPower is alleged to have entered into residential dealer agreements with both of the defendants, who were installer-dealers of SunPower's products. Under their agreements, the defendants agreed to serve as authorized dealers and to purchase SunPower products for resale, installation, and service to customers. After SunPower filed for bankruptcy, Green Convergence filed a proof of claim asserting a claim of approximately $10.6 million for services provided and contractual damages. Solar Tech similarly filed a proof of claim asserting a prepetition claim of approximately $5.1 million. In December of 2025, the plan administrator filed complaints against the defendants. Both complaints contain six counts: (I) turnover of alleged property of the estate pursuant to Secs. 541 and 542, (II) breach of contract, (III) declaratory judgment that the alleged receivable balance is owed, (IV) avoidance of alleged preferences pursuant to Sec. 547, (V) recovery of avoided transfers pursuant to Sec. 550, and (VI) disallowance of claims pursuant to Sec. 502(d) and (j). The complaints allege that: (1) the defendants breached their dealer agreements and accrued unpaid and outstanding balances (in both cases in the ballpark of $450,000) and (2) during the 90-day preference period, received alleged preferences (in the case of Green Convergence, of approximately $300,000; for Solar Tech, the preference seeks to recover approximately $50,000). Both defendants dispute these claims. The defendants moved to dismiss counts I, II and III for lack of subject-matter jurisdiction, arguing that they are state-law claims that lack the required "close nexus" to the plan necessary to satisfy the test for post-confirmation jurisdiction set out by the Third Circuit in In re Resorts Int'l, Inc., 372 F.3d 154 (3d Cir. 2004). The plan administrator responds by arguing that the actions to recover the estate receivables are core proceedings "arising in" the bankruptcy case because they are counterclaims to the defendants' proofs of claim. The plan administrator also argues that the actions satisfy the "close nexus" test of Resorts. The Court concludes that the post-confirmation trust's state-law receivable claims are neither core proceedings nor within this Court's post-confirmation related-to jurisdiction. Count I, which asserts a turnover claim under Sec. 542, arises under the Bankruptcy Code and therefore falls within the Court's subject-matter jurisdiction, although it may face substantial merits obstacles. Counts II and III, however, must be dismissed for lack of subject-matter jurisdiction. A copy of the Court's Memorandum Opinion dated July 23, 2026, is available at https://urlcurt.com/u?l=LGT1pU from Pacermonitor.com. About SunPower Corp. Headquartered in Richmond, California, SunPower (NASDAQ: SPWR) -- https://www.sunpower.com/ -- is a residential solar, storage, and energy services provider in North America. SunPower offers solar + storage solutions that give customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners. SunPower Corporation and nine of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 24-11649) on August 5, 2024. In the petition signed by Matthew Henry as chief transformation officer, the Debtors disclosed total assets of $1,219,276,283 and total debts of $1,119,141,312 as of December 31, 2023. The Debtors have engaged Richards, Layton & Finger, P.A. and Kirkland & Ellis LP as bankruptcy counsel. Alvarez & Marsal North America, LLC serves as financial advisor to the Debtors. Moelis & Company LLC acts as investment banker to the Debtors, and Epiq Systems Inc. acts as notice and claims agent. SUPERIOR STAR: Hires Kaplan Johnson Abate & Bird LLP as Attorney ---------------------------------------------------------------- Superior Star, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Kentucky to hire Kaplan Johnson Abate & Bird LLP as attorneys. The firm will render these services: a. advice with respect to the Debtor's powers and duties as debtor in possession in the continued management of its financial affairs and estate assets; b. actions to protect and preserve the estate, including the prosecution of actions on behalf of the Debtor, the defense of any action commenced against the Debtor, negotiations concerning all litigation in which the Debtor is involved, if any, and examination of proofs of claims; c. advice and preparation of all necessary motions, answers, orders, reports, and other legal papers in connection with the administration of the Debtor's estate; and d. strategic planning, negotiation, and preparation of instruments in connection with this chapter 11 case and the formulation and implementation of Debtor's chapter 11 plan. The rates of KJAB's professionals and paraprofessionals range from $155 to $685 per hour. KJAB does not hold or represent any interest that is adverse to the interests of the estate and the firm is a "disinterested person" as defined in Bankruptcy Code Sec. 101(14), according to court filings. The firm can be reached through: Tyler R. Yeager, Esq. Kaplan Johnson Abate & Bird LLP American Life Building 471 West Main Street, Suite 203 Louisville, KY 40202 Phone: (502) 785-5267 Email: tyeager@kaplanjohnsonlaw.com About Superior Star LLC Superior Star LLC is a privately held restaurant franchise company headquartered in Phoenix, Arizona. The company owns and operates Hardee's franchise restaurants and serves customers throughout Midwestern markets through a network of company-managed locations. Superior Star LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-31809) on July 9, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $10 million to $50 million. Honorable Bankruptcy Judge Charles R. Merrill handles the case. The Debtor is represented by Tyler R. Yeager, Esq. of Kaplan Johnson Abate & Bird. SUPERIOR STAR: Seeks to Hire Sacks Tierney P.A. as Attorney ----------------------------------------------------------- Superior Star, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Kentucky to hire Sacks Tierney P.A. as attorneys. The firm will render these services: a. advice with respect to the Debtor's powers and duties as debtor in possession in the continued management of its financial affairs and estate assets; b. actions to protect and preserve the estate, including the prosecution of actions on behalf of the Debtor, the defense of any action commenced against the Debtor, negotiations concerning all litigation in which the Debtor is involved, if any, and examination of proofs of claims; c. advice and preparation of all necessary motions, answers, orders, reports, and other legal papers in connection with the administration of the Debtor's estate; and d. strategic planning, negotiation, and preparation of instruments in connection with this chapter 11 case and the formulation and implementation of Debtor's chapter 11 plan. The rates of Sacks Tierney's professionals and paraprofessionals range from $175 to 640 per hour. Sacks Tierney received a retainer in the amount of $180,000. Sacks Tierney does not hold or represent any interest that is adverse to the interests of the estate and the firm is a "disinterested person" as defined in Bankruptcy Code Sec. 101(14), according to court filings. The firm can be reached through: Weslet D. Ray, Esq. Philip R. Rudd, Esq. Sacks Tierney P.A. 4250 N. Drinkwater Blvd. Fourth Floor Scottsdale, AZ 85251 Telephone: (480) 425-2600 Email: wesley.ray@sackstierney.com philip.rudd@sackstierney.com About Superior Star LLC Superior Star LLC is a privately held restaurant franchise company headquartered in Phoenix, Arizona. The company owns and operates Hardee's franchise restaurants and serves customers throughout Midwestern markets through a network of company-managed locations. Superior Star LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-31809) on July 9, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $10 million to $50 million. Honorable Bankruptcy Judge Charles R. Merrill handles the case. The Debtor is represented by Tyler R. Yeager, Esq. of Kaplan Johnson Abate & Bird. TAWR PROPERTY: Hires Jones Lang LaSalle as Real Estate Broker ------------------------------------------------------------- Tawr Property Owner, Ltd. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Jones Lang LaSalle Americas, Inc. as broker. The broker will render these services: a. accept, deliver and present to Debtor offers and counteroffers to buy, sell, or lease the Debtor's real property and improvements located at 22811 US-281, located in San Antonio, Texas; b. assist the Debtor in developing, communicating, negotiating, and presenting offers and counteroffers until a sale or lease agreement is signed and all contingencies are satisfied or waived; c. answer the Debtor's questions relating to any offer, counteroffer, notice or contingency; and d. market the property to prospective purchasers as Broker deems appropriate. JLL is to be compensated according to the following fee structure: -- a success fee equal to 5% of the Gross Purchase Price if JLL cooperates with an outside broker, to be paid at closing from the proceeds from the sale(s) of the Property; -- a success fee equal to 4% of the Gross Purchase Price if JLL sells the Property without using a cooperating broker, to be paid at closing from the proceeds from the sale(s) of the Property; and -- reimbursement of out-of-pocket expenses not to exceed $500. Kirby Hayes, senior director at Jones Lang LaSalle Americas, assured the court that his firm is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The broker can be reached through: Kirby Hayes Jones Lang LaSalle Americas, Inc. 1703 West 5th Street Austin, TX 78703 Phone: +1(512) 225-1739 Email: kirby.hayes@jll.com About TAWR Property Owner TAWR Property Owner, Ltd., and affiliates are real estate entities involved in the ownership, investment, and management of multifamily residential developments in Texas, including Tacara-branded apartment projects in the San Antonio and Pflugerville areas. The entities operate as property owners, general partners, holding companies, and investment partnerships structured to develop, own, and manage residential real estate assets. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 26-90162) on Feb. 3, 2026. In the petition signed by Darren B. Casey, as authorized representative, TAWR Property Owner reported assets of between $50 million and $100 million and liabilities of between $10 million and $50 million. Judge Edward L. Morris oversees the cases. The Debtors tapped Davor Rukavina, Esq., at Munsch Hardt Kopf & Harr, P.C., as general bankruptcy counsel. TERRA LAKE: Trustee Taps Cruikshank Law Group as Special Counsel ---------------------------------------------------------------- Leslie Osborne, the trustee appointed in the Chapter 11 case of Terra Lake Heights, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Cruikshank Law Group, LLC as her special counsel. During the pendency of the bankruptcy, the firm's 160-unit apartment complex became uninhabitable according to the City of Tallahassee Fire Marshall and a mandate was issued to vacate the premises. Dozens of tenants failed to cooperate with the TFM order and evictions became necessary. Cruikshank handled the evictions The Trustee seeks to employ Cruikshank for the valuable services performed in clearing the building and avoiding potential penalties and fines by the City Of Tallahassee. The Trustee believes that Cruikshank was well-qualified to handle the special circumstances presented and to protect the interests of the estate. Cruikshank is disinterested as required by 11 U.S.C. Sec. 327(a) and a verified statement as required under Bankruptcy Rule 2014, according to court filings. The firm can be reached through: Elizabeth Marie Cruikshank, Esq. Cruikshank Law Group, LLC 6065 Roswell Rd, Ste 680 Atlanta, GA 30328 Phone: (470) 945-4056 Fax: (470) 945-4053 Email: beth@cruiklaw.com About Terra Lake Heights Terra Lake Heights, LLC is a limited liability company in Hollywood, Fla. Terra Lake Heights sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14464) on April 23, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $10 million and $50 million in liabilities. Judge Scott M. Grossman handles the case. The Debtor is represented by Chad Van Horn, Esq., at Van Horn Law Group, PA. Leslie Osborne is the Chapter 11 trustee appointed in the Debtor's case. The trustee tapped YIP Associates as accountant. TEXAS AUTO: Gets OK to Hire Martin Bryan Accounting as Accountant ----------------------------------------------------------------- Texas Auto Save, LLC and affiliate received approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Martin Bryan Accounting and Consulting as accountants. The firm will assist the Debtors with providing accounting services and related consulting in connection with the Debtors' bankruptcy proceedings. The firm will receive payment at these fees: a. an advanced fee of $9,000 for Debtor's accounting for the months of April, May, and June of 2026; b. a $3000 retainer; and c. a $3000 monthly flat fee for preparing Debtor's monthly financials. Martin Bryan Accounting and Consulting is a "disinterested person" as that term is defined by 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Chad Martin, CPA Martin Bryan Accounting and Consulting De Soto, KS Phone: (479) 685-9434 Email: chad.martin@mbac-accounting.com About Texas Auto Save LLC Texas Auto Save LLC is a used car dealership based in San Antonio, Texas. The company sells pre-owned vehicles and provides buy-here-pay-here and in-house financing, along with extended warranty options. It also offers online inventory access, quote requests, test drive scheduling, and financing pre-approval applications, serving customers in San Antonio and nearby Texas communities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-51089) on April 25, 2026. In the petition signed by Alex Sinno, managing member, the Debtor disclosed $2,122,888 in total assets and $13,800,382 in total liabilities. Judge Aubrey L Thomas oversees the case. Ronald Smeberg, Esq., at THE SMEBERG LAW FIRM, represents the Debtor as legal counsel. TIMOTHY E. RYAN HOME: Starts Chapter 11 Bankruptcy in New Jersey ---------------------------------------------------------------- On July 21, 2026, Timothy E. Ryan Home for Funerals, Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Toms River, New Jersey-based funeral services provider reports estimated assets and liabilities between $1 million and $10 million owed to fewer than 50 creditors. A meeting of creditors under Section 341(a) to be held on August 19, 2026 at 10:30 AM via Zoomgov-Wolf: join.zoom.us Meeting ID 165 735 19456, Passcode 7555784152, or call 1-551-285-1373. Government Proof of Claim Deadline Set for January 17, 2027. About Timothy E. Ryan Home for Funerals, Inc. Founded as a provider of funeral and memorial services in Ocean County, New Jersey, Timothy E. Ryan Home for Funerals, Inc. operates six funeral home locations offering traditional funeral arrangements, cremation services, memorial planning and pre-planning services. The company has expanded over the years through acquisitions of local funeral establishments, including O’Connell Funeral Home and DeBow Funeral Home. The company continues operating during its Chapter 11 proceedings, with scheduled funeral services continuing through July 2026 under existing management. The bankruptcy filing allows the funeral home operator to restructure its financial obligations while maintaining services for families in the communities it serves. The case is assigned to Honorable Eamonn James O’Hagan, U.S. Bankruptcy Judge. The Debtor is represented by Geoffrey P. Neumann, Esq. of Broege, Neumann, Fischer & Shaver, LLC. TITAN ENGINEERS: Files Emergency Bid to Use Cash Collateral ----------------------------------------------------------- Titan Engineers, PC asks the U.S. Bankruptcy Court for the District of New Jersey for emergency authorization to use cash collateral. The requested cash collateral will primarily fund $666,207 in total payroll and benefits for its approximately 20 employees, along with roughly $31,704 per month in critical operating expenses to key vendors, including landlords, utilities, and repair services. Under its proposed 13-week operating budget, the Debtor conservatively projects generating $865,091 in collections against total operational expenses of $855,490, yielding a net positive cash flow of approximately $9,595. The Debtor's main secured lender is the U.S. Small Business Administration, which asserts a perfected, first-priority security interest in all of the Debtor's pre-petition and post-petition assets to secure a debt balance of $2,180,514. To satisfy statutory adequate protection requirements, the Debtor proposes paying the SBA monthly cash payments of $3,000 starting this month. Additionally, the Debtor proposes granting the SBA a fully perfected, priming replacement lien on all pre-petition and post-petition assets to the extent cash collateral is used, backed by a superpriority administrative expense claim under 11 U.S.C. Section 507(b) should the replacement lien prove insufficient. A court hearing is scheduled for August 25. A copy of the motion is available at https://urlcurt.com/u?l=ujVvwh from PacerMonitor.com. About Titan Engineers PC Titan Engineers, PC is a structural and consulting engineering firm based in Union, New Jersey. Founded in 2005, Titan Engineers provides structural design, investigation, evaluation, and forensic engineering services for commercial, residential, and infrastructure-related projects. Its work includes engineering support for steel and concrete buildings, office complexes, retail facilities, and earth-retention systems, serving developers, consultants, contractors, and project managers. Titan Engineers sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-17823) on July 7, 2026, with $983,667 in assets and $10,223,112 in liabilities. Nicholas C. Wong, president and owner, signed the petition. Nancy Isaacson, Esq., at Greenbaum, Rowe, Smith & Davis, LLP represents the Debtor as legal counsel. Mark Politan, Esq., at Politan Law, LLC, serves as Subchapter V trustee for the Debtor. TLC PHYSICAL: Seeks Cash Collateral Access ------------------------------------------ TLC Physical Therapy PC asks the U.S. Bankruptcy Court for the Southern District of New York for authority to use cash collateral and provide adequate protection. The Debtor needs to utilize its collected revenues to fund necessary day-to-day operations, maintain business value, and facilitate a reorganization or prospective asset sale that could satisfy creditors in full. The Debtor's revenue stream constitutes cash collateral subject to pre-petition liens held by the U.S. Small Business Administration, which asserts a security interest in substantially all of the Debtor's property. To manage its post-petition finances, the Debtor is establishing debtor-in-possession bank accounts at TD Bank to deposit gross receipts and remit budgeted disbursements. Under the proposed 5-week interim operating budget, expenditures are strictly limited to necessary administrative and operational expenses—such as management fees, utilities, maintenance, and adequate protection payments—subject to a 20% line-item variance cap to accommodate operational requirements. The Debtor plans to submit a comprehensive 13-week budget prior to the court's final hearing on the motion. To provide adequate protection to the SBA and ensure its economic position does not diminish, the Debtor proposes granting the SBA replacement liens on all pre-petition and post-petition assets and proceeds to the same extent and priority as existed on the petition date. These replacement liens will be subordinate only to specified carve-outs, including U.S. Trustee statutory fees, allowed fee awards for retained bankruptcy professionals, up to $10,000 for a hypothetical Chapter 7 trustee's fees and expenses, and proceeds derived from Chapter 5 avoidance action recoveries. The Debtor explicitly reserves all rights to challenge the nature, extent, and validity of the SBA's underlying claims. Notice of the motion is being served on the U.S. Trustee, SBA counsel, the top 20 unsecured creditors, and all parties entering appearances. A copy of the motion is available at https://urlcurt.com/u?l=OmhD9t from PacerMonitor.com. About TLC Physical Therapy of Rockland PC TLC Physical Therapy of Rockland PC is a Suffern, New York-based provider of physical therapy and rehabilitation services. The practice specializes in outpatient rehabilitation, pediatric physical therapy, home-based care, and durable medical equipment, with clinical locations in Suffern and Airmont. It continues to participate in the Medicare program under the leadership of President Zvi Sternberg. TLC Physical Therapy of Rockland PC filed under Chapter 11, Subchapter V of the U.S. Bankruptcy Code (Bankr. Case No. 26-22715) on July 19, 2026. The petition lists estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The bankruptcy case is assigned to The Honorable Sean H. Lane. The Debtor is represented by H. Bruce Bronson, Jr., Esq., of Bronson Law Offices, P.C. TNT DEALS: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: TNT Deals, Inc. d/b/a TNT Deals, Inc. d/b/a Pens N More, Junipers and Thornton's Luxury Goods 1305 Marquette Dr. Romeoville, IL 60446 Business Description: TNT Deals Inc., doing business as Pens N More, Junipers and Thornton's Luxury Goods, is a Romeoville, Illinois-based online retailer and distributor of office supplies, stationery and writing instruments, including major-brand, discontinued and difficult-to-find products. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-11827 Debtor's Counsel: Richard G Larsen, Esq. SPRINGERLARSEN, LLC 300 S. County Farm Road Suite G Wheaton, IL 60187 Tel: 630-510-0000 Fax: 630-510-0004 E-mail: rlarsen@springerbrown.com Total Assets: $830,518 Total Liabilities: $2,437,895 The petition was signed by Brian Thornton as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3T7FF4I/TNT_Deals_Inc__ilnbke-26-11827__0001.0.pdf?mcid=tGE4TAMA TOLL ROAD INVESTORS: S&P Lowers Debt Rating to 'B', Outlook Neg. ---------------------------------------------------------------- S&P Global Ratings lowered its rating on Toll Road Investors Partnership II L.P.'s (TRIP II) debt to 'B' from 'B+'. This reflects ongoing uncertainty regarding the timing and magnitude of toll increases and the requirement for larger projected liquidity draws to manage debt-service payments. The revised forecasted toll rate structure results in a much lower toll increase than expected, leading to debt-service coverage ratios (DSCRs) below 1x for several years. S&P's view of the project's abundant liquidity is consistent with a 'B' category rating rather than a 'CCC' one. The negative outlook reflects the persistent delays and uncertainty surrounding toll rate increases and consistent need to draw on existing liquidity--rather than operating cash flows--to cover debt service. In the absence of toll increases consistent with S&P's forecast, there will be a growing dependence on liquidity to meet rising debt-service obligations, and it could lower the rating again as the liquidity cushion declines. TRIP II owns and operates a 14-mile limited-access toll road (the Dulles Greenway; DG) under a certificate of authority issued by the Virginia State Corp. Commission (SCC) and a comprehensive agreement with the Virginia Department of Transportation. DG connects Washington Dulles International Airport (at the end of the Dulles Toll Road) with Leesburg, Virginia. The road opened for operations in September 1995 and is 100% volume exposed. The certificate of authority expires February 2056, but to the extent the 2005 bonds are not fully retired by that date, the franchise continues until the earlier of 10 years after the last maturity of 2005 bonds or final repayment. The project's tolling regime--governed under the Virginia Highway Corporation Act (VHCA)--is subject to a rate-setting process where the Virginia SCC must approve toll increase requests. There were amendments to the legislation in 2021 and 2026 to clarify the public interest criteria for toll increases and timelines for Virginia SCC review. Atlas Arteria has a 100% economic interest in TRIP II. The downgrade reflects ongoing uncertainty on the timing and magnitude of toll increases, which is keeping DSCRs below 1.0x and increasing projected liquidity pressure. The project's toll increases are regulated through rate-case proceedings by Virginia SCC. Since 2019, the project has filed three rate cases and received SCC decisions on two of them. The first, filed in December 2019, requested increases of 5%-6% per year for five years. It was partially approved in April 2021, allowing for only off-peak toll increases of 5.3% in 2021 and 5.0% in 2022. The next was filed in July 2023, requesting an average toll increase of 27.3% in 2024. This was denied entirely in September 2024, with the Virginia SCC stating the proposed toll increases failed to meet the statutory criteria. The project then initiated state and federal litigations asking for several remedies. These included having the SCC's decision overturned, declaring the VHCA amendments unconstitutional, an injunction against enforcement, damages for constitutional violations, and compensation for alleged property takings. The Supreme Court of Virginia upheld the SCC's denial, determining that the proposed rates were unreasonable to users. The court also rejected the project's constitutional arguments against the denial of the toll increase, stating that rate regulation doesn't provide a guaranteed return on investment or immunity from insolvency. In December 2025, the project submitted a new request to SCC, presenting three potential cases (primary, secondary, and alternate) with associated weighted-average toll rate increases of 9.20%, 8.80%, and 18.50%, respectively. All of these were lower than the previous request. The primary and secondary proposals were developed to align to the calculation of the public interest criteria per SCC's interpretation. It's S&P's understanding that the longer the project goes without a material toll increase, the longer it will have DSCRs below 1.0x and the more it will rely on liquidity draws for its debt-service obligations (including the mandatory early redemption payments on the 2005B bonds), impairing its credit quality. Actual DSCRs have been consistently below 1.0x since 2020. S&P has made the following revisions to its base case (with input from the management on traffic, operating expenses [opex], and lifecycle spending): -- The next toll increase of 8.8% (secondary case) now occurs one year later--in January 2027 versus July 2026 previously. We assume annual increases in line with CPI thereafter. -- Traffic recovers to 86% of the 2019 level by 2027 and then grows at the same rates as assumed under the previous base case. The forecast for 2026 and 2027 has been updated to reflect the recent traffic recovery and the revised price elasticity response assumptions to the toll increase, per management. Opex spending has been updated per management's forecast; current projections through 2051 are lower than the prior assumptions. Lifecycle spending assumptions have been updated per management's forecast and are higher than previously assumed in most years. Under S&P's revised base-case assumptions, the DSCR remains below 1.00x through mid-2035, with a cash-flow shortfall of $108 million instead of $31 million previously. Liquidity is sufficient to meet project obligations, though the project draws on its debt-service reserve to do so, particularly due to substantial lifecycle expenses in 2032. Accordingly, S&P believes the overall credit quality of the project is more aligned with a 'B' rating than 'B+'. The negative outlook reflects the persistent delays and uncertainty surrounding toll-rate increases as well as the difficulty management has had navigating the post-2020 regulatory framework. In the absence of toll increases consistent with S&P's forecast, there will be a growing dependence on liquidity to meet rising debt-service obligations. S&P said, "We could lower the rating again if future toll rate increases aren't consistent with our base-case forecast and would result in a quicker or greater depletion of the project's liquidity to cover debt service than we anticipate. "We could revise the outlook to stable if the project is able to achieve consistent toll-rate increases or if traffic performance improves such that our base-case DSCR metrics return to above 1.0x in the near term." TOMCAT MECHANICAL: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Tomcat Mechanical, Inc. 402 W. Broadway, Suite 400 San Diego, CA 92101 Business Description: Tomcat Mechanical, Inc., is a commercial HVAC contractor based in Irvine, California, that began operating in 1992. The company provides HVAC installation, service, maintenance, and design-and-build work, including heating, cooling, ventilation, exhaust, control, and energy-management systems. It also performs air balancing, compressor rebuilding, refrigerant recovery and disposal, mechanical-equipment contract maintenance, and water treatment for closed- and open-loop systems. Tomcat Mechanical serves construction projects and commercial facilities in industries including food and beverage, entertainment, education, medical, and retail. Chapter 11 Petition Date: July 17, 2026 Court: United States Bankruptcy Court Southern District of California Case No.: 26-03080 Judge: Hon. J Barrett Marum Debtor's Counsel: Andy C. Warshaw, Esq. FINANCIAL RELIEF LAW CENTER, APC 1200 Main St., Suite C Irvine, CA 92614 Tel: 714-442-3319 E-mail: awarshaw@bwlawcenter.com Total Assets: $714,549 Total Liabilities: $1,935,967 The petition was signed by Tom Sujishi as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IZCFA6Q/Tomcat_Mechanical_Inc__casbke-26-03080__0001.0.pdf?mcid=tGE4TAMA TOTAL AUTO: Little Loses Bid for Permissive Intervention -------------------------------------------------------- Chief Judge Brian F Kenney of the U.S. Bankruptcy Court for the Eastern District of Virginia denied Darius Little's motion for permissive intervention in the adversary proceeding captioned as JOLENE E. WEE, CHAPTER 11 TRUSTEE, Plaintiff, v. ROVSHAN BAKHSHIYEV, ET AL., Defendants, Adversary Proceeding No. 25-01067-BFK (Bankr. E.D. Va.). This matter is before the Court on the motion of non-party Darius Little for permissive intervention pursuant to Bankruptcy Rule 7024 (incorporating Federal Rule of Civil Procedure 24(b)). Mr. Little is a Defendant in a related adversary proceeding Wee v. Caspian Auto House, Inc. et al., Adv. Pro. 25-1068-BFK. He vehemently denies that he did anything wrong, or that he is liable to the Plaintiff in any way. In this adversary proceeding, Mr. Little does not seek to assert any claims against any of the parties. He has not, for example, attached a proposed counterclaim, cross-claim or third-party complaint to his motion. Mr. Little states it does not seek to become a full party, represent any Defendant, reopen discovery, delay the case, adjudicate the merits of the Hard Money Lender claims, or obtain relief on behalf of Elshan Bayramov, Babak Bayramov, Roved Inc., TPI, the Hard Money Lenders, Potomac Marble LLC, or Anthony Halabi. He seeks only to protect his own rights and professional reputation and to prevent an incomplete and misleading record where the Trustee uses selected, unsworn, creditor-routed communications attributed to him as a litigation bridge for serious fraud allegations while separately suing him as a wrongdoer in Adv. Proc. No. 25-01068-BFK. Mr. Little is free to defend his reputation in the adversary proceeding to which he is a party. The Court finds, however, that Mr. Little's reputational concerns do not justify permissive intervention. The Court also finds that allowing Mr. Little to intervene at this stage of the litigation would be unduly prejudicial to the other parties. Further, allowing Mr. Little to participate as a party at the trial of this adversary proceeding would distract from the real issues between the Plaintiff and the Defendants. The trial is not about Mr. Little's reputation, it is about any potential liability and damages between the Plaintiff and the Defendants. Adversary Proceeding No. 25-01067-BFK Total Auto Financing, LLC ("TAF") was owned by Elshan Bayramov and Babek Bayramov. Mr. Bayramov also owned a company called Caspian Auto, Inc. Caspian sold used cars at a car lot in Stafford, Virginia. TAF was the financing arm, providing consumers with auto loans for their purchases, as well as related financial products such as credit insurance and gap insurance. As shared by the Troubled Company Reporter, the Complaint alleges that Mr. Little was a long-time business consultant for Mr. Bayramov. The Complaint alleges that Mr. Little conspired with Elshan Bayramov to help orchestrate the dissipation of TAF's assets and set up successor entities to TAF and its affiliates to the substantial injury of TAF's legitimate creditors. Count XXX alleges a claim against Mr. Little for Aiding and Abetting Breach of Fiduciary Duty of Loyalty. Count XXX seeks a judgment against Mr. Little in the amount of $300,000.00, plus interest, fees and costs. A copy of the Court's Order dated July 17, 2026, is available at https://urlcurt.com/u?l=03MwCv from Pacermonitor.com. About Total Auto Financing LLC Total Auto Financing, LLC is in the business of automotive finance for sub-prime car purchasers using retail installment contracts. It was formed by Elshan Bayramov and Babak Bayramov on September 28, 2020. It provides loan portfolio management services for a $48 million loan portfolio employing eight persons in the U.S. and eight persons in the Bayramovs' native country of Azerbaijan. Total Auto Financing sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 23-11867) on November 15, 2023, with $10 million to $50 million in both assets and liabilities. Elshan Bayramov, member-manager, signed the petition. Judge Brian F. Kenney oversees the case. Martin C. Conway, Esq., at Conway Law Group, PC represents the Debtor as counsel. On February 13, 2024, Jolene E. Wee was appointed as Chapter 11 trustee in this case. The trustee tapped YVS Law, LLC and Baker & Hostetler LLP as special counsel and HBM Management Associates LLC as insolvency professional. TOWER CAPITAL: Hilco Launches Sale of Former Wyndham City Centre ---------------------------------------------------------------- Hilco Real Estate, LLC, a practice of Hilco Global -- a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, announces September 15 as the bid deadline of the bankruptcy sale of the former Wyndham City Centre, a landmark, full-service hotel located at 700 E. Adams Street in the heart of downtown Springfield, Illinois. The property spans an entire city block and is improved with a prominent 31-story hotel tower totaling 374,200± SF, making it one of the largest hospitality assets in the Springfield market. Originally constructed in 1972, the hotel features 369 guestrooms and 27 apartments, an extensive amenity package including a restaurant, lounge, cafe, indoor pool, fitness center and business center, as well as adjacent structured parking. A rooftop communications lease generates monthly revenue of $12,000+, available separately from the real estate. The property's approximately 50,000± SF of meeting, banquet and event space position the asset to accommodate conventions, government functions, corporate meetings, association events, weddings and other social gatherings. This combination of extensive guest accommodations and large-scale event facilities creates a compelling opportunity for hospitality investors, owner-operators and redevelopment groups. "The former Wyndham City Centre represents one of the most visible buildings to come to market in Central Illinois in recent years," said Jamie Cote, senior director at Hilco Global. "Its scale, downtown location and established convention infrastructure provide a strong foundation for buyers seeking to reposition, redevelop or restore an iconic hotel asset or redevelop the city block into something else entirely. Between the revenue from parking and the communications antennas, retail and restaurant space, 50,000 SF+ of meeting space and a combination of multifamily and hospitality rooms, this offering truly gives developers many options." Located adjacent to the Bank of Springfield Center, the property benefits from a diverse demand base generated by government, convention and tourism activity. The hotel is within walking distance of the Illinois State Capitol, numerous state government offices, the Abraham Lincoln Presidential Library & Museum, Lincoln Home National Historic Site and other major attractions that drive year-round visitation. Its central business district location, proximity to Amtrak and access to a wide variety of travelers support one of Central Illinois' most established hospitality markets. The sale of this hotel is being conducted subject to approval by Order of the U.S. Bankruptcy Court for the Western District of Texas (San Antonio), Case No. 5:26-bk-50689, In re: Tower Capital Group, LP, with bids due on September 15 by 5:00 p.m. (CT). Bids must be submitted using the documents available for review and download on the Hilco Global Real Estate Sales website. Interested bidders should review the requirements in order to participate in the bankruptcy sale process on the Hilco Global Real Estate Sales website. For all inquiries and to request an on-site inspection, please contact: Jamie Cote Email: jcote@hilcoglobal.com Tel: (847) 418-2187 For additional details, due diligence access and terms of sale, visit Hilco Global Real Estate Sales website or call (855) 755-2300. About Hilco Global Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com. About Tower Capital Group, LP Tower Capital Group, LP is an investment and financial services entity that engages in capital management, lending, and structured financing transactions. Tower Capital Group, LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50689) on March 18, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor is represented by Dean William Greer, Esq. TRAJECTOR HOLDINGS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Trajector Holdings, LLC and affiliated debtors received interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral to fund operations. The court authorized the Debtors to use cash collateral from July 23 until the final hearing or earlier upon termination of the order, a material breach, or conversion or dismissal of the Debtors' Chapter 11 cases. Spending must be in accordance with the approved budget, subject to a 10% cumulative weekly variance. Any modification to the budget requires either written consent from Deutsche Bank AG New York Branch or further court approval. The Debtors owe Deutsche Bank and other pre-petition lenders approximately $59.44 million. Under the interim order, the lenders will be granted adequate protection through replacement liens on post-petition assets, with the same priority and extent as their pre-petition collateral; insurance coverage; and regular financial reporting required under their pre-petition credit agreement. The replacement liens are subordinate to approved professional fees, a $150,000 post-termination carveout for wind-down professional expenses, U.S. Trustee fees, and Bankruptcy Court clerk fees. The order excludes avoidance actions and their proceeds from the lenders' replacement liens and establishes a weekly professional fee reserve held in escrow. A copy of the court's order is available at https://shorturl.at/eNSah from PacerMonitor.com. A final hearing is scheduled for August 17, with objections due by August 10. The Debtors' pre-petition secured credit facility was established on April 14, 2021, under a Credit and Guaranty Agreement, with Deutsche Bank serving as administrative and collateral agent. The facility was subsequently expanded to include term loans provided by lenders including Regions Bank, Siemens Financial Services, Inc., and Stifel Bank & Trust. Most recently amended on June 3, the facility carries an outstanding pre-petition principal balance of approximately $62.9 million, plus accrued interest and fees. The debt is secured by a first-priority lien on substantially all personal property and assets of the grantors under a Pledge and Security Agreement. Deutsche Bank, as secured lender, is represented by: John R. Thomas, Esq. Allan E. Wulbern, Esq. Carli J. Frederick, Esq. One Independent Drive, Suite 3300 Jacksonville, FL 32202 Phone: (904) 359-7700 Facsimile: (904) 359-7708 jthomas@smithhulsey.com awulbern@smithhulsey.com cfrederick@smithhulsey.com About Trajector Holdings LLC Trajector Holdings, LLC is a Florida-based healthcare services company focused on disability benefits advocacy and medical evidence development. Operating primarily through Trajector Medical, Trajector Holdings provides medical documentation support, independent medical evaluations and consulting services designed to assist veterans and other claimants pursuing disability benefits. It leverages technology and clinical networks to streamline the claims preparation process. Trajector Holdings and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-03286) on July 23, 2026. In its petition, Trajector Holdings reported $10 million to $50 million in assets and $100 million to $500 million in liabilities. The Debtor is represented by Edward J. Peterson, III, Esq., at Berger Singerman, LLP. TRINSEO PLC: Committee Taps Munsch Hardt Kopf as Conflicts Counsel ------------------------------------------------------------------ The official committee of unsecured creditors of Trinseo PLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Munsch Hardt Kopf & Harr, P.C. as local and conflicts counsel. The firm will render these services: a. assist Willkie in advising and representing the Committee with respect to the administration of these Chapter 11 Cases and the exercise of oversight with respect to the Debtors' affairs, including all issues arising from or impacting the Debtors, the Committee, or these Chapter 11 Cases; b. serve as conflicts counsel, as necessary; c. assist the Committee in maximizing the value of the Debtors' assets for the benefit of all creditors; d. advising Willkie and the Committee on practice and procedure before the United States Bankruptcy Court for the Southern District of Texas and regarding the Local Rules and local practice; e. appear before this Court and protect the interests of the Committee; and f. perform all other legal services for the Committee which may be appropriate, necessary and proper in these Chapter 11 Cases. Munsch Hardt's current hourly rates are: Kevin M. Lippman, Shareholder $880 Alexander R. Perez, Shareholder $640 Heather Valentine, Paralegal $280 Shareholders $640 to $900 Associates $450 to $510 Paraprofessionals $280 The following is provided in response to the request for additional information contained in paragraph D.1. of the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months 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 postpetition, explain the difference and the reasons for the difference. Response: Munsch Hardt did not represent the Committee prior to its selection as Committee counsel of June 12, 2026. Question: Has your client approved your prospective budget and staffing plan and, if so, for what budget period? Response: Munsch Hardt expects to develop a budget and staffing plan to reasonably comply with the U.S. Trustee's request for information and additional disclosures, as to which Munsch Hardt reserves all rights. The Committee has approved Munsch Hardt's proposed hourly billing rates. Kevin Lippman, Esq., a shareholder of Munsch Hardt Kopf & Harr, P.C., assured the court that the firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin M. Lippman, Esq. Munsch Hardt Kopf & Harr, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201 Phone: (214) 855-7553 Email: klippman@munsch.com 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: Creditors Ask Court to End Debtor's Chapter 11 Control ------------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that a minority term lender group has asked a Texas bankruptcy court to end Trinseo PLC's exclusive control over its Chapter 11 restructuring, arguing that the plastics maker's proposed plan is fundamentally flawed. The creditors are seeking permission to file their own competing reorganization plan for the company. According to the motion, the lenders contend that Trinseo's restructuring unfairly favors preferred creditor groups and relies on disputed intercompany claims that improperly reduce recoveries for senior lenders. They argue that the debtor has had ample opportunity to negotiate a confirmable plan and no longer deserves the protections afforded by exclusivity. The creditor group said it has assembled a fully funded alternative proposal that it believes would maximize value for stakeholders. The court's decision on exclusivity could determine whether competing Chapter 11 plans are presented to creditors for consideration, the report relays. 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. TRIPLE STICKS: Final Cash Collateral Hearing Set for Aug. 4 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Illinois is set to hold a hearing on August 4 to consider final approval of Triple Sticks Foods, LLC's bid to use cash collateral. The Debtor is currently authorized to use cash collateral through August 4 under the court's July 21 third interim order. The third interim order granted the U.S. Small Business Administration, the Debtor's senior secured creditor, adequate protection in the form of replacement liens on the cash collateral, with the same validity, priority, and enforceability as its pre-petition liens. The SBA is owed approximately $385,880 and holds a lien on pre-petition receivables, inventory and equipment while merchant cash advance lenders are owed about $129,500 and may also claim liens on receivables. Despite these obligations, the Debtor asserts that these creditors are oversecured, as the value of receivables (approximately $585,000) exceeds the total secured debt, and additional receivables are expected to be generated through ongoing operations. The court's order is available at https://shorturl.at/jdvSw from PacerMonitor.com. Triple Sticks Foods is no longer attempting to reorganize its operating business but is instead engaged in liquidating substantially all of its assets to maximize value for creditors. As part of that process, the court authorized the sale of substantially all remaining inventory on June 15 and later approved the sale of the Debtor's equipment on June 22. In addition to these asset sales, the Debtor continues to collect outstanding accounts receivable and pursue the monetization of its intangible assets. These efforts are intended to complete the orderly liquidation of the estate while preserving value for creditors. About Triple Sticks Foods LLC Triple Sticks Foods, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30341-mel) on April 16, 2026. In the petition signed by Joseph Trover, principal, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Mary E. Lopinot oversees the case. Eric C. Peterson, Esq., at Spencer Fane, LLP and Dawi Consulting, LLC serve as the Debtor's legal counsel and financial advisor, respectively. TRONOX HOLDINGS: Appoints Keith Schwarz to Board, Audit Committee ----------------------------------------------------------------- Tronox Holdings plc said in a regulatory filing with the Securities and Exchange Commission that the Board of Directors appointed Keith Schwarz as an independent director, effective as of July 29, 2026. Mr. Schwarz was also appointed to serve as a member of the Company's audit committee. Mr. Schwarz brings over 35 years of experience in public accounting and advisory services, including his leadership tenure as the Dallas business unit professional practice partner at KPMG. During Mr. Schwarz's career at KPMG, Mr. Schwarz led audit engagements for major public and private companies in a variety of sectors and served as a SEC engagement quality control reviewing partner. Mr. Schwarz earned a Bachelor of Science in Accounting from Oklahoma State University and is a certified public accountant. Mr. Schwarz will receive compensation consistent with the other non-employee directors of the Company. Pursuant to this program, Mr. Schwarz will receive an annual cash retainer of $100,000, payable quarterly in arrears, and an additional annual retainer of $15,000, payable quarterly in arrears, for serving as a member of the audit committee. In addition, Mr. Schwarz is entitled to an annual equity grant of time-based restricted share units with a fair market value of $150,000. There are no arrangements between Mr. Schwarz and any other persons pursuant to which Mr. Schwarz was selected as a director. There are no related party transactions between the Company and Mr. Schwarz that would be required to be reported pursuant to Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended. About Tronox Holdings Tronox Holdings plc operates titanium-bearing mineral sand mines and beneficiation operations in Australia and South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high purity titanium chemicals, including titanium tetrachloride, and Ultrafine titanium dioxide used in certain specialty applications. As of March 31, 2026, the Company had $6.06 billion in total assets, $4.74 billion in total liabilities, and $1.32 billion in total equity. * * * In June 2026, S&P Global Ratings affirmed its ratings on Tronox Holdings plc, including the 'CCC+' issuer credit rating, and revised its outlook on the rating to positive from negative. TRONOX HOLDINGS: Declares Quarterly Dividend of $0.05 Per Share --------------------------------------------------------------- Tronox Holdings plc, on July 29, 2026, said that its Board of Directors declared a quarterly dividend of $0.05 per share. The dividend is payable on Oct. 9, 2026, to shareholders of record at the close of business on Aug. 10, 2026. About Tronox Holdings Tronox Holdings plc operates titanium-bearing mineral sand mines and beneficiation operations in Australia and South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high purity titanium chemicals, including titanium tetrachloride, and Ultrafine titanium dioxide used in certain specialty applications. As of March 31, 2026, the Company had $6.06 billion in total assets, $4.74 billion in total liabilities, and $1.32 billion in total equity. * * * In June 2026, S&P Global Ratings affirmed its ratings on Tronox Holdings plc, including the 'CCC+' issuer credit rating, and revised its outlook on the rating to positive from negative. TTM TECHNOLOGIES: S&P Alters Outlook to Pos., Affirms 'BB' ICR -------------------------------------------------------------- S&P Global Ratings revised our outlook to positive from stable and affirmed its 'BB' rating on U.S.-based print circuit board (PCB) manufacturer TTM Technologies Inc. S&P said, "We also affirmed our 'BB+' issue-level rating on the secured debt (recovery rating: '2') and our 'B+' issue-level rating on the unsecured debt (recovery rating: '6')." The positive outlook reflects the potential for an upgrade if TTM can sustain leverage below mid-1x and generate over $200 million of FOCF. While S&P expects capital expenditure (capex) will pressure FOCF over the next 12 months, it believes TTM can improve its EBITDA from strong revenue and margin growth, keeping leverage below mid-1x and supporting high capex. S&P expects TTM to grow at a brisk rate from strong demand for its AI data center solutions. S&P expects strong revenue growth and improved EBITDA margins to further lower leverage over the next 12 months and for cash flow generation to improve in 2027. Strong revenue and EBITDA margin growth will sustain leverage below mid-1x over the next two years. AI data center investments have remained robust over the past 12 months, generating booming demand for TTM's crucial, advanced printed circuit board (PCB) to power AI data centers and infrastructure. AI hyperscale customers remain constrained by supply, leading to longer contracts as they try to secure enough product to power data centers. S&P said, "We expect this demand will grow TTM's revenue more than 25% in 2026. Growth of TTM's higher-margin products and operating leverage should grow EBITDA margins to high-teens percent in 2026. TTM announced acquisitions for two hardware companies based out of Europe in June. While this increases leverage, we expect TTM's improved EBITDA generation will keep its leverage below mid-1x area in 2026." Large hyperscale customers have indicated that they expect capex to increase in 2027 as they continue to invest for AI infrastructure. S&P expects TTM to generate strong demand into 2027, growing revenue in the low-teens percent area in 2027. That, along with improved EBITDA margins in the high-teens percent area, will help keep leverage below the 1x area in 2027. S&P said, "We expect improved EBITDA will materially improve FOCF generation in 2027 and offset some elevated growth capex. TTM will increase capex in the range of $320 million to $350 million in 2026 as it builds out manufacturing and production capabilities to support its data center customers. We also expect larger working capital use as TTM sources inventory for its customers. This elevated capex spend and working capital use will hamper TTM's cash flow generation, keeping its FOCF around $30 million in 2026. "However, we anticipate better prospects for FOCF in 2027. While capex will remain elevated, we do not expect it to increase substantially in 2027 and expect capex in the range of $330 million and $360 million in 2027. We also project lower working capital use in 2027 as investments for growth slow down. Combined with further EBITDA growth, we expect improving FOCF of over $220 million in 2027." The aerospace and defense (A&D) business will also grow at a high, albeit slower rate. TTM's revenue has historically been tied to A&D rather than the data center and networking business. S&P said, "While we expect data center and networking revenue to be larger than A&D in 2026 and beyond, A&D should benefit from the U.S. Department of Defense budget increases over the next few years, which should generate demand into areas that TTM operates in such as radar, missile defense, and surveillance. We also believe defense contracts provide more stability once the contract is set. These tailwinds should grow A&D low-teens percent in 2026 and high-single-digit percent in 2027." The positive outlook reflects the potential for an upgrade if TTM can sustain leverage below mid-1x and generate over $200 million of FOCF. S&P said, "While we expect elevated capex to pressure FOCF over the next 12 months, we believe TTM can improve its EBITDA generation from strong revenue and margin growth, keeping leverage below mid-1x and supporting elevated capex." S&P could revise its outlook back to stable if: -- TTM demand declines in its key end markets--due, in part, to volatility in the AI data center, A&D, or automotive businesses, pricing pressure from large customers, or higher labor costs--reduces its EBITDA and increases leverage to above mid-1x; or -- S&P believes FOCF will remain below $200 million due to higher-than-expected capex or weaker demand from large customers. S&P could upgrade TTM if it: -- Increases its organic revenue from its key end markets; -- Sustains S&P Global Ratings-adjusted net leverage below mid-1x; and -- Generates over $200 million of FOCF. This could happen if TTM's revenue growth remains over 20% through 2027 and we expect it will continue to grow beyond that on very strong AI hyperscale demand and EBITDA margins continue to improve to high-teens percent from higher-margin product sales and operating leverage. TUBOS REUNIDOS: Spanish Steel Firm Seeks Chapter 15 Bankruptcy -------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Spanish steel pipe producer Tubos Reunidos Group has filed a Chapter 15 petition in the Southern District of Texas, requesting recognition of its ongoing insolvency proceedings in Spain. The company said its financial difficulties were driven in part by U.S. tariffs that reduced competitiveness and weakened demand for its products. According to court filings, Tubos launched insolvency proceedings in Spain to restructure its liabilities and preserve the business as a going concern. The Chapter 15 case is intended to assist that process by protecting assets located in the United States and preventing creditors from pursuing separate enforcement actions. If the Texas bankruptcy court grants recognition, the Spanish restructuring would receive the benefits afforded to foreign main proceedings under Chapter 15, including an automatic stay and judicial cooperation between U.S. and Spanish courts. The company said the coordinated approach is essential to maximizing value for creditors and supporting its long-term recovery. About Tubos Reunidos Group S.A. Tubos Reunidos Group S.A. is a Spain-based manufacturer of seamless steel tubes and pipes primarily serving the energy, oil and gas, power generation, petrochemical, industrial, and mechanical engineering sectors. Founded in 1892 and headquartered in Amurrio, Álava, Spain, specializing in high-value seamless tubular products used in demanding industrial applications, including drilling, refining, power plants, pressure equipment, and structural engineering. Its product portfolio includes carbon steel, alloy steel, and stainless steel tubes manufactured to international standards for both standard and customized applications. Tubos Reunidos Group S.A. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-35383) on July 28, 2026. Honorable Bankruptcy Judge Christopher M. Lopez oversees the case. The Debtor is represented by Jimmy D. Parrish, Esq. of Baker & Hostetler LLP. TURBO GLOBAL: S&P Places 'B' ICR on Watch Pos on CBIZ Acquisition ----------------------------------------------------------------- S&P Global Ratings placed all its ratings on Turbo Global L.P. (dba Grant Thornton), including the 'B' issuer credit rating and issue-level ratings, on CreditWatch with positive implications. This reflects the likelihood of a one or more notch upgrade when the transaction closes and S&P receives additional information related to the pro forma capital structure, which it expects in the fourth quarter of 2026. Grant Thornton announced the acquisition of CBIZ Inc. in an all-cash transaction with an enterprise value of $5.0 billion. The CreditWatch placement reflects the potential for a one-notch upgrade of Grant Thornton after the acquisition closes, driven by the improved scale and diversification of the combined company. S&P said, "We believe the transaction will significantly enhance Grant Thornton's scale, positioning the combined entity as the fifth-largest accounting firm in the U.S. Furthermore, the company will benefit from improved diversification across clients, service offerings, and geographies. We expect the combined entity to generate approximately $7 billion in annual revenue." S&P said, "We expect the transaction to close in fourth quarter of 2026, subject to satisfaction of customary closing conditions, including both regulatory and CBIZ shareholder approvals. While we anticipate the company will fund the acquisition through a combination of debt and equity, we do not have further details around the pro forma capital structure. However, at this time, we believe the transaction will be leverage neutral. "The CreditWatch positive placement reflects the likelihood that we will raise our ratings on Grant Thornton by at least one notch when the transaction closes and we have additional information around its pro forma capital structure. We expect this to occur in the fourth quarter of 2026." UTICORP INC: Hires Falcon Sanchez & Associates PSC as Accountant ---------------------------------------------------------------- Uticorp, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Falcon, Sanchez & Associates, PSC as accountant. The firm will assist the Debtor in gathering and compiling the necessary information, provide consulting services, prepare are the reorganization plan, monthly operating reports, necessary tax returns, and assist the Debtor in all matter related to court instructions. The firm will be paid at these hourly rates, plus reimbursement of expenses: Ricardo Falcon Sanchez, CPA $400 Manager Accountant $225 Staff Accountant $175 The firm received a retainer in the amount of $10,000. Falcon, Sanchez & Associates, PSC is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Ricardo Falcon Sanchez, CPA Falcon, Sanchez & Associates, PSC Metro Office Park, Lote 14 Calle 2 Parkside Plaza, Suite 306 Guaynabo, 00966, Puerto Rico Phone: +1 787-425-0500 About Uticorp Inc. Uticorp, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. P.R. Case No. 26-03175) on July 9, 2026. Carlos Garcia Miranda serves as Subchapter V trustee for the Debtor. Carmen D. Conde Torres, Esq., at C. Conde & Associates represents the Debtor as legal counsel. VARSOBIA HOSPITALITY: Voluntary Chapter 11 Case Summary ------------------------------------------------------- Debtor: Varsobia Hospitality LLC 9737 Frankirst Avenue North Hills, CA 91343-1914 Business Description: Varsobia Hospitality LLC is a real estate company that owns and leases a property in Las Vegas, Nevada. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court District of Nevada Case No.: 26-14651 Debtor's Counsel: Matthew Knepper, Esq. NEVADA BANKRUPTCY ATTORNEYS, LLC 5502 S Fort Apache Rd Ste 200 Las Vegas, NV 89148-7683 Tel: (702) 805-1659 Email: mknepper@nvbankruptcyattorneys.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Angelo Varsobia as managing member. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7VNABEQ/VARSOBIA_HOSPITALITY_LLC__nvbke-26-14651__0001.0.pdf?mcid=tGE4TAMA WANAMAKER GROUP: Angela Shortall Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Angela Shortall of 3Cubed Advisory Services, LLC as Subchapter V trustee for Wanamaker Group, LLC. Ms. Shortall will be paid an hourly fee of $525 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Shortall declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Angela L. Shortall 3Cubed Advisory Services, LLC 111 S. Calvert St., Suite 1400 Baltimore, MD 21202 Phone: 410-783-6385 About Wanamaker Group LLC Wanamaker Group, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Case No. 26-00376) on July 23, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Elizabeth L. Gunn presides over the case. Augustus Curtis, Esq., at Offit Kurman represents the Debtor as legal counsel. WATERFRONT RESORT: Has Deal on Cash Collateral Access ----------------------------------------------------- Albert Togut, the Chapter 11 trustee for Waterfront Resort Holdings, LLC, asks the U.S. Bankruptcy Court for the Eastern District of New York to approve a cash collateral stipulation and order with pre-petition secured lender TRT Lending, LLC. TRT holds a senior mortgage on the Debtor's real property in College Point, New York, securing an original February 2020 loan of up to $57.5 million, which defaulted at its initial February 2022 maturity date and was later modified under a December 2023 forbearance agreement that extended maturity to June 2027. Following a subsequent payment default in September 2024, the loan balance grew to $79,453,347 as of the motion date. After the Debtor filed for Chapter 11 on January 6, 2025, the court granted TRT's motion to appoint a Chapter 11 trustee on March 17 due to severe pre-petition and post-petition mismanagement, leading to Mr. Togut's appointment on March 24. The trustee urgently requests authorization to use cash collateral including rents, tenant deposits, common area charges, and sales proceeds currently deposited in estate accounts at Flagstar Bank N.A., to fund essential post-petition operating costs. Because the estate lacks unencumbered funds, cash collateral access is required immediately under an approved budget to pay its operating expenses. In exchange for TRT's consent to use its cash collateral, the stipulation grants TRT an adequate protection package that includes replacement liens on all post-petition assets of the Debtor (with the same priority and extent and as its pre-petition collateral) and a superpriority administrative claim under 11 U.S.C. Section 507(b) for any diminution in collateral value. Additionally, the estate must pay TRT's legal and financial advisor fees on a current cash basis, including those of Milbank, LLP, without requiring formal U.S. Trustee fee guidelines compliance. The stipulation includes a 60-day window for the trustee to investigate and potentially challenge TRT's pre-petition liens, and establishes a professional fee carveout for U.S. Trustee statutory fees, up to $75,000 in Chapter 7 wind-down costs, and up to $150,000 in post-termination trustee professional fees. Use of cash collateral will automatically terminate upon occurrence of certain events, including an uncured five-day notice of default, dismissal or conversion of the Debtor's Chapter 11 case, and unapproved modifications to the order. A court hearing will be held on September 23. A copy of the motion is available at https://urlcurt.com/u?l=6Li5bv from PacerMonitor.com. About Waterfront Resort Holdings LLC Waterfront Resort Holdings, LLC is the fee owner of 105 unsold units at the Allura Waterfront Condominium as well as a parking unit located at 109-09 15th Avenue, College Point, New York. The current estimated value of the Debtor's interest in the property is approximately $80 million. Waterfront Resort Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-40041) on January 6, 2025. In its petition, the Debtor reported total assets of $80,006,241 and total liabilities of $70,500,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. Heath S. Berger, Esq., at Berger, Fischott, Shumer, Wexler & Goodman, LLP represents the Debtor as legal counsel. WEST MARINE: 3 Connecticut Stores Slated for Closure in Bankruptcy ------------------------------------------------------------------ Luther Turmelle of newstimes reports that West Marine will close three Connecticut stores as part of a broader plan to shutter 91 locations across the United States and Puerto Rico while restructuring under Chapter 11 bankruptcy protection. The Florida-based marine products retailer will close stores in Branford, Mystic and Norwalk, leaving six remaining locations in Connecticut, including Stamford, Old Saybrook and Stratford. The company has not announced specific closing dates, although liquidation signs have already appeared at its Norwalk store. A company spokesperson said the closures are intended to better align West Marine's retail footprint with current business needs while management continues reviewing its real estate portfolio with landlords. The latest announcement expands an earlier plan to close 59 stores, bringing the total to 91. West Marine still operates more than 200 stores across 34 states despite the restructuring. The retailer has steadily reduced its Connecticut presence over the past decade and a half. About 15 years ago, West Marine operated eight stores statewide, including locations in New London and Clinton. Those stores, along with a smaller Old Saybrook outlet, were eventually consolidated into a larger 25,000-square-foot flagship store that opened in Old Saybrook in 2012, the report states. The downsizing comes as the recreational boating industry continues to struggle with slowing demand. The National Marine Manufacturers Association reported that new boat sales declined 8.8% in 2025, while rising purchase prices, maintenance costs and fuel expenses have discouraged consumers. Economist Donald Klepper-Smith said weak consumer confidence and shrinking disposable income have pushed many households to prioritize essential spending over costly recreational purchases, according to report. About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC is the Debtors' real estate advisor and liquidator. WOODLAND MANOR: Files Emergency Bid to Use Cash Collateral ---------------------------------------------------------- Woodland Manor 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 is a 74.5% co-owner (as a tenant in common with affiliate Woodland Manor TIC 1, LLC) of a 305-unit multi-family apartment complex located in Tulsa, Oklahoma. The property generates positive net operating income, with a projected 13-week operating collection of $771,685 exceeding budgeted operating expenses and management fees of $398,227. However, the Debtor faced severe pressure when its primary loan with SG Capital Partners LLC matured on November 9, 2025, triggering a $20.1 million balloon payment that could not be refinanced or repaid. Although the Debtor remained current on monthly interest payments and obtained a loan extension through November 9, 2026, the lender implemented strict cash management restrictions that trapped substantially all property revenues. This "cash trap," combined with additional pressure from an unauthorized second lien recorded by YSA Investments 1, LLC, forced the Chapter 11 filing to avoid foreclosure or receivership. To maintain ongoing operations, pay employee payroll, and preserve the value of the estate during reorganization, the debtor urgently requests authority to use its rental income as cash collateral. The Debtor proposes using these revenues to fund its 13-week operating budget (excluding debt service and capital expenditures), requesting flexibility to spend up to 110% on any individual line item so long as total monthly expenditures do not exceed the budgeted total by more than 10%. All rental revenues will be deposited directly into the Debtor’s DIP operating account to dismantle the lender's lockbox controls. A copy of the motion is available https://urlcurt.com/u?l=C32i4Y from PacerMonitor.com. About Woodland Manor Best Living, LLC Woodland Manor Best Living, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33167-sgj11) on July 14, 2026. In the petition signed by Marc Kulick, 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. WORKSPORT LTD: Schedules Q2 2026 Earnings Call for August 11 ------------------------------------------------------------ Worksport Ltd. will host its second quarter 2026 earnings conference call on Tuesday, Aug. 11, 2026, at 4:30 p.m. Eastern Time, following the close of the U.S. financial markets. Immediately following the earnings call, Worksport will host its latest investor townhall, continuing the Company's recurring communication series designed to provide shareholders with more direct access to Worksport's leadership team. Steven Rossi, Chairman and Chief Executive Officer of Worksport, commented: "We are excited to discuss what has been a very strong second quarter for Worksport. During our Q2 earnings call, we will look forward to providing shareholders a clear review of the quarter's financial performance and recent operating progress. As reflected in our recently announced preliminary financial update, we are seeing higher revenues, higher gross margins, and believe we are notably closer to achieving positive cash flow. Based on our current operating trajectory and the preliminary results we recently announced, I believe the Company's market valuation does not yet fully reflect the progress we have made in strengthening our business. The investor town hall will give us the opportunity to add context, discuss our priorities more directly, and explain how we believe our current initiatives support Worksport's long-term strategy. We value open communication and look forward to engaging with shareholders following the call." Webcast Registration Investors, analysts, media, and other interested parties are invited to register in advance for the live webcast. During the earnings call, Worksport management will review the Company's Q2 2026 results and provide commentary on recent operating and business developments. Register Here: Q2 2026 Conference Call Registration Link Full URL: https://us06web.zoom.us/webinar/register/WN_WgMlf2zuQ7SJxFwlg_mV3w Earnings Call and Townhall Details: Date: Aug. 11, 2026 Time: 4:30 p.m. ET (following market close) Format: Live webcast with management discussion and Q&A Townhall: Begins immediately following the earnings conference call The earnings call transcript, presentation materials, and audio replay are expected to be made available on the Worksport investor relations website following the event. Worksport's Ongoing Investor Townhall Series The August 11 event will continue Worksport's periodic investor townhall series, through which the Company seeks to maintain an open and ongoing dialogue with its shareholders, supporters, and broader investor community. The townhall sessions are intended to extend beyond traditional earnings commentary by providing: * Context on recent announcements and operating progress * CEO-led discussion of strategic priorities and direction * Timely updates on product development and commercialization * An open forum for shareholder questions and dialogue Shareholders, supporters, and other interested participants are invited to attend. The Company also encourages attendees to share the registration link with others who may wish to learn more about Worksport's business, progress, and strategy. Investors are encouraged to submit questions in advance by emailing investors@worksport.com. Management intends to address selected questions during the live townhall, subject to time constraints and applicable disclosure considerations. About Worksport Ltd. West Seneca, N.Y.-based Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns intellectual property on a portfolio of tonneau cover, solar integration, portable power station, and NP (Non-Parasitic), Hydrogen-based green energy products and solutions for the automotive aftermarket accessories, power storage, residential heating, and electric vehicle-charging industries. Buffalo, N.Y.-based Lumsden & McCormick, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 26, 2026, saying "The Company has experienced recurring net losses that raise substantial doubt about the Company's ability to continue as a going concern. Upon analysis of the Company's current financial situation and projected outlooks, we believe there is substantial doubt about the Company's ability to continue as a going concern." As of March 31, 2026, the Company had $27.88 million in total assets, $7.90 million in total liabilities, and $19.98 million in total stockholders' equity. YELLOW CORP: Ex-Workers Sue Over SSN Breach, Late Notice -------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that the former workers of bankrupt trucking company Yellow Corp. have sued the company and its liquidating trustee, alleging that their confidential personal information was compromised in a cyberattack and that the company waited too long to disclose the incident. The proposed class action says the delayed notification increased the risk of identity theft and other misuse of their data. The complaint alleges that cybercriminals accessed files during a March 2025 network intrusion containing Social Security numbers, birth dates, government identification numbers, financial account information and medical records. Yellow publicly disclosed the breach in June 2026, explaining that the majority of affected records belonged to former employees, according to report. The former employees argue the defendants failed to implement reasonable cybersecurity protections and did not provide timely notice after discovering the incident. They seek damages, credit-monitoring and other equitable relief, along with improved safeguards for sensitive personal information, the report relays. About Yellow Corporation Yellow Corporation -- http://www.myyellow.com/-- operates logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout. Yellow's principal office is in Nashville, Tenn., and is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company Yellow Logistics. Yellow Corporation and 23 affiliates concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before the Hon. Craig T. Goldblatt. As of March 31, 2023, Yellow Corporation had $2,152,200,000 in total assets against $2,588,800,000 in total liabilities. The petitions were signed by Matthew A. Doheny as chief restructuring officer. The Debtors tapped Kirkland & Ellis, LLP as restructuring counsel; Pachulski Stang Ziehl & Jones, LLP as Delaware local counsel; Kasowitz, Benson and Torres, LLP as special litigation counsel; Goodmans, LLP as special Canadian counsel; Ducera Partners, LLC, as investment banker; and Alvarez and Marsal as financial advisor. Epiq Bankruptcy Solutions is the claims and noticing agent. Milbank LLP serves as counsel to certain investment funds and accounts managed by affiliates of Apollo Capital Management, L.P. while White & Case, LLP and Arnold & Porter Kaye Scholer, LLP serve as counsels to Beal Bank USA and the U.S. Department of the Treasury, respectively. On Aug. 16, 2023, the U.S. Trustee for Region 3 appointed an official committee of unsecured creditors in the Chapter 11 cases. The committee tapped Akin Gump Strauss Hauer & Feld, LLP and Benesch, Friedlander, Coplan & Aronoff, LLP as counsels; Miller Buckfire as investment banker; and Huron Consulting Services, LLC, as financial advisor. YESCARE CORP: Trustee to Take Over Insolvency Case Administration ----------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that a Florida bankruptcy judge has approved an agreement that places YesCare Corp. under the supervision of a Chapter 11 trustee, ending a dispute between the bankrupt prison healthcare provider and its official committee of unsecured creditors. The settlement removes the company's existing management from control of the Chapter 11 case. The creditors' committee had argued that an independent trustee was needed to ensure transparency and safeguard creditor interests during the restructuring. Under the approved settlement, the trustee will take over responsibility for operating the debtor, administering the bankruptcy estate and directing the Chapter 11 process. The agreement avoids additional litigation over the trustee request while allowing the restructuring to move forward under independent oversight. The trustee is expected to manage the company's affairs and pursue actions aimed at preserving value for creditors and other stakeholders, Law360 reports. About YesCare Corp. YesCare Corp. is a correctional healthcare company. YesCare Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01089) on May 8, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Luis Ernesto Rivera II handles the case. The Debtor is represented by Michael R. Dal Lago, Esq. of Dal Lago Law. Polsinelli PC serves as general bankruptcy counsel. The Debtor tapped David Goldwasser of FIA Capital Partners, LLC as financial advisor and Omni Agent Solutions, Inc. as claims agent. YSA INVESTMENTS 1: Commences Chapter 11 Bankruptcy in Delaware -------------------------------------------------------------- On July 28, 2026, YSA Investments 1, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. According to court filings, the debtor reports between $500 million and $1 billion in liabilities. The petition indicates that funds will be available for distribution to unsecured creditors. About YSA Investments 1, LLC YSA Investments 1, LLC is a Miami, Florida-based private investment and asset management firm focused on secured lending, structured credit, and other credit investment opportunities. The company invests in and manages financial assets across a range of lending and investment strategies. YSA Investments 1, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11178) on July 28, 2026. In its petition, the debtor reported estimated assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. Honorable Bankruptcy Judge Brendan Linehan Shannon handles the case. The debtor is represented by Ericka Fredricks Johnson, Esq. of Bayard, P.A. [] Auction Advisors to Auction EasyPost Equity in UCC Foreclosure ----------------------------------------------------------------- Auction Advisors, on behalf of Silverview Credit Partners LP, announced that it will conduct a public foreclosure auction pursuant to Article 9 of the Uniform Commercial Code for the sale of 2,456,673 common shares of Simpler Postage, Inc., doing business as EasyPost, a leading provider of cloud-based shipping and logistics technology. The auction will be conducted via Zoom on Friday, August 14, 2026. Qualified bids must be submitted no later than August 12, 2026, in accordance with the Auction Terms and Conditions. The offering presents a unique opportunity for qualified investors to acquire a significant minority ownership interest in one of the leading technology platforms powering shipping and logistics infrastructure for the rapidly expanding global e-commerce marketplace. EasyPost has developed one of the industry's most widely adopted multi-carrier shipping APIs, enabling thousands of businesses, marketplaces, software providers and enterprise customers to integrate sophisticated shipping capabilities directly into their operations. The company's technology streamlines shipping label generation, package tracking, address verification, carrier rate optimization and logistics automation across multiple domestic and international carriers. "Opportunities to acquire meaningful ownership interests in venture-backed technology companies through a public foreclosure sale are extremely uncommon," said Joshua Olshin, Managing Partner of Auction Advisors. "This auction offers sophisticated investors the ability to acquire a substantial equity position in an established logistics technology company that operates at the intersection of e-commerce, software infrastructure and global supply chain management." EasyPost generated more than $100 million in revenue during 2025 and has established itself as an integral component of the logistics ecosystem by providing mission-critical shipping infrastructure to e-commerce merchants, fulfillment providers, SaaS platforms and enterprise marketplaces. The company's recurring, transaction-based revenue model is driven by shipping volume, creating a highly scalable technology platform. In addition to its established shipping infrastructure, EasyPost continues to expand its technology offerings through the development of AI-powered logistics optimization tools, enhanced API functionality and advanced shipping analytics designed to improve operational efficiency for customers. According to publicly available information, prior financing rounds during 2021 and 2022 valued the company at approximately $1.52 billion post-money. EasyPost remains a privately held, venture-backed technology company, and its shares have periodically traded on private secondary marketplaces. "This offering represents an exceptional opportunity to participate in the ownership of a mature technology platform serving one of the fastest-growing sectors of the global economy," emphasized Oren Klein, Managing Partner of Auction Advisors. "EasyPost has built a highly scalable software platform that is deeply integrated into the daily operations of thousands of businesses. Opportunities to purchase shares of this size through a transparent public auction process are exceptionally rare." Interested investors should carefully review the Auction Terms and Conditions governing the sale. Additional information regarding the company, auction procedures and access to the due diligence data room is available by going to https://auctionadvisors.com/property-details/easy_post_405/ or by contacting Joshua Olshin at jolshin@auctionadvisors.com. About Auction Advisors Auction Advisors is a nationally recognized auction and advisory firm specializing in complex commercial real estate, business assets, private equity interests, UCC foreclosure sales and court-appointed dispositions. The firm's professionals have extensive experience marketing and conducting high-profile sales on behalf of lenders, receivers, fiduciaries, bankruptcy estates and private owners throughout the United States. Media Contact: Joshua Olshin, Managing Partner Auction Advisors LLC jolshin@auctionadvisors.com www.AuctionAdvisors.com [] Former Bankruptcy Judge Robert Drain Joins M3 Partners LP ------------------------------------------------------------ M3 Partners, LP, a leading independent corporate advisory firm, announced on July 30, 2026, that former Southern District of New York Bankruptcy Court Judge Robert D. Drain has joined the firm as a Senior Advisor and Head of Fiduciary Services, effective August 1, 2026. As Head of Fiduciary Services at M3, Judge Drain will focus on trusteeships, monitorships, examinerships, and similar appointments related to restructurings. He will also be available to serve as an advisor across M3's other engagements. "With his sterling reputation in the restructuring world, his exceptional base of knowledge, and his outstanding judicial track record, Judge Drain is a wonderful addition to our team," said Mo Meghji, founder and Managing Partner of M3. "Judge Drain has been a highly influential force as one of, if not the best judges in the country over the past two decades. He has remained engaged throughout the ecosystem, ranging from presiding over influential cases, teaching at key institutions, mentoring, and serving as a fellow in many of our esteemed organizations. We look forward to the value Judge Drain will add as a mentor to the M3 team as well as assisting across our client relationships as the firm continues along its strong growth trajectory." "I've watched Mo and the M3 team grow from a small boutique at its founding a decade ago, to its impressive team," said Judge Drain. "This growth is a testament to the great work M3 does by delivering strong results for clients through nimble teams and the highest quality of professionalism. I am very pleased to join this wonderful group, and I look forward to adding value to the M3 team and its clients." Judge Drain retired from the bench in 2022, after serving more than 20 years on the U.S. Bankruptcy Court for the Southern District of New York, one of the busiest and most influential bankruptcy circuits in the country. He was appointed to the bench in 2002 by the U.S. Court of Appeals for the Second Circuit. Judge Drain began his career with more than 20 years in private practice, including 10 years as a partner in the bankruptcy group of a global law firm. Judge Drain has presided over some of the most significant bankruptcy cases in recent years, including Purdue Pharma, Hostess Brands, Sears, Delphi, A&P, Varig S.A., Yukos, and Parmalat, and he has served as a court-appointed mediator in complex cases such as Cengage, Quicksilver, and Puerto Rico Electric and Power Authority (PREPA). Judge Drain is a fellow of the American College of Bankruptcy, a member and former board member of the American Bankruptcy Institute, and a former board member and officer of the National Conference of Bankruptcy Judges. Judge Drain currently serves on the FDIC's Systemic Resolution Advisory Committee. Judge Drain is a member of the International Insolvency Institute, and he was a founding member and chair of the Judicial Insolvency Network, which was responsible for developing guidelines adopted by U.S. and courts abroad for cooperation and communication in transnational insolvency cases. Judge Drain has also served as adjunct professor at the St. John's University School of Law LL.M. in its Bankruptcy Program and Pace University School of Law. Judge Drain graduated cum laude from Yale College and earned his J.D. from Columbia University School of Law, where he was a Harlan Fiske Stone scholar for three years. About M3 Partners M3 is a leading, independent corporate advisory firm that provides operational, strategic, and financial solutions through its core service offerings: Restructuring Advisory, Value Creation, M&A Solutions, and Office of the CFO. The M3 team has led hundreds of engagements, including some of the most significant restructurings in the market. Known for nimble, results-focused teams, M3 engagements are led by senior turnaround and operational veterans with decades of combined experience across key verticals. M3 has developed an excellent track record of success through the firm's ability to navigate complex situations, align disparate stakeholders, and develop results-driven, actionable plans. Visit www.M3-partners.com or follow M3 on LinkedIn. Media Contact: Kristin Celauro (212) 202-2223 kcelauro@m3-partners.com [] Steven Kurtz Joins SA&M LLP as Insolvency Practice Chair ----------------------------------------------------------- Leading Southern California law firm Stubbs Alderton & Markiles, LLP (SA&M) is pleased to announce that Steven N. Kurtz will be joining as a Partner and Chair of the firm's Commercial Finance, Insolvency & Specialty Lending Practice Group, which he will be launching, in addition to joining other practice groups. Kurtz brings a well-tested, multi-faceted approach to SA&M, where he will continue to practice in the areas of commercial finance and corporate transactions, representing creditors with respect to bankruptcy, insolvency, and creditors' rights issues and related litigation matters. He also regularly acts as an expert witness/consultant and serves as outside general counsel to several factoring and asset-based lending firms. A frequent speaker and regular contributor to IFA's Commercial Factor magazine, Kurtz has authored over 50 articles on commercial finance law since 2019, covering topics ranging from UCC security interests and chapter 11 dynamics to digital asset financing and regulatory developments affecting the industry. "While the Firm has never actually had a core commercial finance practice, those issues are very germane to, and frequently part of many of our corporate finance transactions. Having a Partner of Steve's stature enables us not only to expand the breadth of lending services we provide to our clients, but under his leadership, we expect this new practice area to become an expanding part of our corporate practice," says Scott Alderton, SA&M's Managing Partner. "His unparalleled expertise in both transactional matters and litigation will undoubtedly be an asset to our clients, and we are delighted to have him on board," Alderton concludes. Kurtz launched his career in commercial and bankruptcy litigation, and later expanded his practice to include structuring complex commercial finance transactions, ultimately dividing his time evenly between litigation and transactional matters at Levinson Arshonsky Kurtz & Komsky LLP, the firm he founded. Regarding his transition, Kurtz remarks, "It is a privilege to join the growing team at Stubbs Alderton & Markiles. I have long respected the firm's outstanding ability to develop sophisticated, forward-looking solutions for complex legal and business issues, always prioritizing a client's strategic vision and future roadmap. I look forward to addressing these and other challenges, particularly in commercial finance, litigation, and insolvency, as they arise." Kurtz is a Regent in the American College of Commercial Finance Lawyers, a member of the Fellows of the American Bar Association, the co-General Counsel of the International Factoring Association, and has been recognized as a Southern California "Super Lawyer" for seven consecutive years. He received his J.D. from McGeorge School of Law, University of the Pacific, and graduated from San Diego State University with a B.S. in Psychology. About Stubbs Alderton & Markiles, LLP Since its inception in 2002, Stubbs Alderton & Markiles, LLP has worked alongside large and small business innovators and leaders, whose ideas are world-changing. The firm takes a long-term approach to its relationships with clients, partnering with them along their evolutionary path, from idea to growth to exit, or whatever their future may hold. The firm's mission is to provide technically excellent legal services in a consistent, highly responsive, and service-oriented manner with an entrepreneurial and practical business advisory perspective. With robust corporate, mergers and acquisitions, venture capital, and emerging growth, public securities, entertainment, business litigation, and intellectual property practices, SA&M's attorneys assist clients with virtually every legal issue a business or an individual may face. For more information, please visit www.stubbsalderton.com. [] Subchapter V Bankruptcy Filings Rose 50% in 1st Half of 2026 --------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that U.S. bankruptcy filings climbed more than 12% over the past 12 months, while Subchapter V filings by small businesses surged 50%, bringing overall insolvency levels closer to those seen before the COVID-19 pandemic. New data from Epiq AACER and the American Bankruptcy Institute showed 310,550 total bankruptcy filings during the first half of 2026, up from 276,306 a year earlier, with commercial Chapter 11 cases rising 28% to 4,589. Industry experts attributed the increase to persistent financial pressures on both businesses and consumers. Small companies continue to grapple with elevated borrowing costs, softer consumer demand, inflationary pressures and tighter credit conditions, while households face rising credit card balances, higher auto loan delinquencies and increased foreclosure activity, the report cites. According to Epiq AACER Vice President Michael Hunter, the sharp increase in Subchapter V elections reflects mounting stress on small businesses, while the broader rise in filings underscores widespread economic challenges. ABI Executive Director Amy Quackenboss said higher financing costs, increasing expenses and geopolitical uncertainty are pushing more businesses and consumers to seek bankruptcy protection. The data suggests bankruptcy filings are steadily returning toward pre-pandemic levels after reaching historic lows following government stimulus and relief programs. Analysts expect restructuring activity to remain elevated if borrowing costs stay high and consumer spending continues to weaken, the report relays. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***