260806.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Thursday, August 6, 2026, Vol. 30, No. 218
Headlines
1020 HARDING: Unsecureds to be Paid in Full over 3 Years
1221 BOYLE: Hires Rodney D. Shepherd as Counsel
2 FAT GUYS: Hires Elizabeth Conry Davidson as Appellate Counsel
2 FAT GUYS: Hires Pulman LeFlore Pullen as Counsel
20 WVC LLC: Hires O'Boyle Law Firm as Special Counsel
2ND HEAVEN: Seeks to Tap Orville & McDonald as Counsel
415 WEST COLLEGE: Case Summary & Two Unsecured Creditors
522 FIFTH VENTURE: Hires Colliers International as Appraiser
522 FIFTH VENTURE: Hires WAY Capital Inc. as Capital Advisor
5410 30TH STREET: Amends Unsecured Claims Pay Details
5500 RED OAK: Case Summary & One Unsecured Creditor
727 LOFTS: Court Orders Appointment of Chapter 11 Trustee
99 SE MIZNER: Plan Exclusivity Period Extended to Nov. 17
AC EVOLUTION: Seeks to Hire Jack Conway as Real Estate Broker
AHF PARENT: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
AKIBAS LLC: Seeks Cash Collateral Access Until Nov. 15
ALL AMERICAN: Nancy Isaacson Named Subchapter V Trustee
ALL-CITY TOWING: Gets OK to Use $150K Reserve for Insurance Payment
ALLBOUND CARRIER: Court Extends Cash Collateral Access to Aug. 31
ANCHOR SOUTH: Gets Interim OK to Use Cash Collateral
ANGEL NAILS: Seeks Final OK to Use Cash Collateral
ARDEN VENTURES: Hires Joseph J. D'Agostino Jr. LLC as Counsel
ARTICON HOTEL: Plan Confirmation Hearing Scheduled for Sept. 9
ASH STREET PLAZA SOUTH: Case Summary & Five Unsecured Creditors
ASN INVESTMENT: To Hire McNeil Legal Services as Legal Counsel
ASP UNIFRAX: Plan Confirmation Hearing Scheduled for September 3
ASPIRA INC: Court Extends Cash Collateral Access to Aug. 25
AVANTGARDE SENIOR: Hires Lowell W. Tatkin as Special Counsel
BACK2 HEALTH: Seeks Cash Collateral Access
BATCH INC: Court Extends Cash Collateral Access to Sept. 10
BHB THREE: Voluntary Chapter 11 Case Summary
BITCOIN DEPOT: Gets Final OK to Use Cash Collateral
BLACK CANOE: Claims to be Paid from Property Sale Proceeds
BLACKSTONE MORTGAGE: Moody's Alters Outlook on B1 CFR to Negative
BLOOMIN' BRANDS: Moody's Cuts CFR to B1 & Alters Outlook to Stable
BLUE IVY: Hires McDermott Quilty Miller as Special Counsel
BLUE ONYX: Unsecured Creditors Will Get 6.8% of Claims in Plan
BNC SPECIAL: Seeks to Tap Estes & Bush as Real Estate Broker
BNT SERVICES: Case Summary & 20 Largest Unsecured Creditors
BNT SERVICES: Gets Interim OK to Use Cash Collateral
BNT SERVICES: Seeks to Hire Tax Workout Group as Bankruptcy Counsel
BURWOOD LLC: Gets Final OK to Use Cash Collateral
BY HOTEL: Gets OK to Use Cash Collateral Until Aug. 12
CAPTAIN BLIGH'S: Hires Shumaker Loop & Kendrick as Special Counsel
CAROLINA EARTHWERX: Gets OK to Use Cash Collateral
CARRIAGE SQUARE: Hires Dunham Hildebrand Payne as Counsel
CENTENE CORP: Moody's Affirms 'Ba1' CFR, Outlook Negative
CES MAIL: Gets Extension to Access Cash Collateral
CHAMPIONS FINANCING: Moody's Alters Outlook on Caa1 CFR to Positive
CHEESE SHOP: Court Extends Cash Collateral Access to Aug. 31
CHEFS' WAREHOUSE: S&P Upgrades ICR to 'BB-' on Lower Leverage
CHEROKEE HOLDINGS: Plan Confirmation Hearing Scheduled for Sept. 23
CHERRY BUTTE: Case Summary & Eight Unsecured Creditors
CHINO CENTRAL: Seeks to Extend Plan Exclusivity to Oct. 20
CLACKAMAS PHYSICAL: Seeks Cash Collateral Access
CLEARLY AMAZING: Seeks to Use Cash Collateral
CLINTON ASSOCIATES: Voluntary Chapter 11 Case Summary
COSMETIC MEDICINE: Gets Interim OK to Use Cash Collateral
DAMIS HOLDINGS: Affiliates Get Extension to Use Cash Collateral
DAMIS HOLDINGS: Affiliates Get OK to Use BNH's Cash Collateral
DAMIS HOLDINGS: Affiliates Get OK to Use Busey's Cash Collateral
DAMIS HOLDINGS: Court OKs Access to FirstBank's Cash Collateral
DAMIS HOLDINGS: Court OKs Access to Lenders' Cash Collateral
DAMIS HOLDINGS: Court OKs Interim Use of Lenders' Cash Collateral
DC CABLE: Seeks Approval to Hire GLN Tax as Accountant
DCR FARMS: Case Summary & 10 Unsecured Creditors
DIAMOND AUTO: Case Summary & Four Unsecured Creditors
DISH DBS: DBS Unsecured Claims to Recover 100% in Prepackaged Plan
DISH DBS: Hires Dentons US LLP as Counsel to Special Committee
DISH DBS: Hires Steptoe LLP as Regulatory and Litigation Counsel
DISH DBS: Seeks to Hire White & Case as Legal Counsel
DISH DBS: Taps FTI Capital as Investment Banker, Advisor
DLIGHT REFINERS: Unsecureds Will Get 2% of Claims over 5 Years
DR DELICACY: Unsecureds to Get Share of Income for 60 Months
DURAND HEALING: Seeks to Hire Davis Miles PLLC as Counsel
DYNAMIC METALS: Pathward Wants Receiver Amid $10MM Loan Default
EAGLE LOGISTICS: Joseph Schwartz Named Subchapter V Trustee
EDMUNDSON INC: Hires Armory Securities as Investment Banker
EGO COLLISION: Gets Final OK to Use Cash Collateral
ELEVATE MARKETING: Hires Rafool & Bourne P.C. as Counsel
EMC GLOBAL: Seeks 30-Day Extension of Plan Filing Deadline
ETERNO RESORT: Hires Andersen Beede Weisenmiller as Counsel
EXIT ZERO: Case Summary & 14 Unsecured Creditors
EXTREME PROFITS: Plan Confirmation Hearing Scheduled for Sept. 10
FAT BRANDS: Court Confirms Joint Plan of Liquidation
FIELDSTONE A&E: Employs Stevenson & Bullock as Legal Counsel
FINAL TOUCH: Gets Interim OK to Use Cash Collateral
FINCH PROPERTY: Court Extends Cash Collateral Access to Aug. 31
FINCH THERAPEUTICS: Plan Exclusivity Period Extended to Oct. 19
FISCHER AG: Seeks to Hire Worth Clark Realty as Realtor
FORM LOS ANGELES: Unsecureds Will Get 7.8% over 60 Months
FREEDOM TRAILERS: Hires Rountree Leitman Klein as Counsel
FROGGY FLATS: Seeks to Tap Deschenes & Duhon as Counsel
GATES ENTERPRISES: Gets Final OK to Use Cash Collateral
GENETCO INC: Seeks to Hire Spence Law Office as Counsel
GENETCO INC: Taps Lindenwood Associates as Financial Advisor
GENETCO INC: Taps Maltz Auctions as Broker and Marketing Agent
GLOBAL ENTERPRISE: Plan Confirmation Hearing Scheduled for Sept. 29
GRANT THORNTON: Moody's Puts 'B2' CFR on Review for Downgrade
GUNTER LAND: Unsecured Creditors Will Get 100% of Claims in Plan
HARBOR FREIGHT: Moody's Ups CFR to Ba3 & Senior Secured Debt to B1
HEALTHEQUITY INC: Moody's Ups CFR to Ba2 & Alters Outlook to Stable
HELP TO ADJUST: Seeks to Hire Richard S. Feinsilver as Counsel
HOLLY INVESTMENT: Hires RE/MAX Prestige as Real Estate Broker
INSPIRED HEALTHCARE: Seeks to Extend Plan Exclusivity to Nov. 30
INTEGRATED PROTEINS: To Hire Baker Sterchi Cowden as Counsel
IVS COMM: Seeks to Hire Donald Darnell, Esq. as Legal Counsel
J W INSULATION: Seeks to Hire Dal Lago Law as Counsel
J. MCCABE PLUMBING: Case Summary & 20 Largest Unsecured Creditors
JACKSON BROWN: Gets Interim OK to Use Cash Collateral
JIN BEH: Seeks to Hire Tittle Santiago as Legal Counsel
JOHNSON GROUP: Files Emergency Bid to Use Cash Collateral
JTBOL ENTERPRISE: Hires Law Offices of Al Malone as Counsel
KARMA HOME: Case Summary & Nine Unsecured Creditors
KATIE EDSON: Richard Maxwell Named Subchapter V Trustee
KRASNOFF DOMESTIC: Voluntary Chapter 11 Case Summary
LASER GODDESS: Hires BFSNG Law Group LLP as Counsel
LD CONSTRUCTION: To Employ Deschenes & Duhon as Counsel
LEFKO LLC: Seeks $25,000 DIP Loan
LUGINBILL CONSTRUCTION: Gets Court OK to Use Cash Collateral
LUV SHAK: Unsecured Creditors to be Paid in Full in Plan
M & J ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
M&M CUSTARD: Gets Interim OK to Use Cash Collateral
M.D.K. HOLDINGS: Claims to be Paid from Rental Income
M.D.K. HOLDINGS: Gets Extension to Access Cash Collateral
MANDS ELECTRIC: Court Extends Cash Collateral Access to Sept. 18
MICHAEL HERZOG: Gets Final Court Nod to Use Cash Collateral
MIRACLE HEALTH: Case Summary & Nine Unsecured Creditors
MONTE KARL: Seeks to Hire Deschenes & Duhon as Counsel
MOPARTY FAMILY: Hires Weycer Kaplan Pulaski as Special Counsel
MORA OAK: Court Extends Cash Collateral Access to Aug. 31
MUSCULOSKELETAL ASSOCIATES: Gets Interim OK to Use Cash Collateral
NEW GRANT: Plan Confirmation Hearing Scheduled for Aug. 24
NOBEL ST. IVES: Case Summary & 14 Unsecured Creditors
O-I GLASS: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
OCEANWIDE PLAZA: Amended Liquidating Plan Confirmed by Judge
OCEANWIDE PLAZA: Court Confirms Plan of Liquidation
OMEGA ROOFING: Hires Peter Spindel as General Bankruptcy Counsel
OMNIS PLEASANTS: Gets Interim OK to Use Cash Collateral
ONE WORLD: Seeks to Hire Hadley & Hadley as Special Counsel
PALMAIRE AVE: Gets Final OK to Use Cash Collateral
PASTIME LOUNGE: To HireDeschenes & Duhon as Legal Counsel
PAYSAFE HOLDINGS: Moody's Rates New $814MM Secured Term Loan 'B2'
PIEDMONT REALTY: S&P Alters Outlook to Stable, Affirms 'BB+' ICR
PREFERRED MARBLE: Gets Interim OK to Use $323K in Cash Collateral
PREFERRED MARBLE: Mark Shapiro Named Subchapter V Trustee
PRIMESOURCE INC: Seeks to Hire Deschenes & Duhon as Counsel
PUERCO VALLEY FIRE: Chapter 9 Case Summary & Unsecured Creditors
QTP II INC: Case Summary & 20 Largest Unsecured Creditors
RAMBO TRANSPORT: Scott Sackett Named Subchapter V Trustee
REDDEN-WOOD & ASSOCIATES: Unsecureds Will Get 1.77% of Claims
RELEASE WELL-BEING: Court OKs Continued Access to Cash Collateral
REMEDIUM PHARMACY: Hearing Today on Bid to Use Cash Collateral
REMINGTON RANCH'S: Gets Interim OK to Use Cash Collateral
RENTAL HUB: Court Extends Cash Collateral Access to Oct. 21
RESIDENTIAL PROPERTIES: Case Summary & 20 Top Unsecured Creditors
RESIDENTIAL PROPERTIES: Seeks to Use Cash Collateral
ROCKY MOUNTAIN: To Employ Deschenes & Duhon as Legal Counsel
ROSECRANS CROSSINGS: Case Summary & Four Unsecured Creditors
RUSSELLVILLE DENTAL LAB: Gets Extension to Access Cash Collateral
SAMYS OC: Court Extends Cash Collateral Access to Aug. 30
SASAS HOSPITALITY: Liquidating Plan Confirmed by Judge
SAVIN GRACE: Plan Confirmation Hearing Scheduled for Aug. 26
SENTINEL PURCHASER: Moody's Assigns 'B2' CFR, Outlook Stable
SERVESTAR LLC: Plan Exclusivity Period Extended to Sept. 15
SILVERMAN CHIROPRACTIC: Hires Diaco Law as Special Counsel
SILVERMAN CHIROPRACTIC: Seeks to Hire Chase Engelbrecht as Counsel
SIMPLY SOLAR: Gets Interim OK to Use Cash Collateral
SKYLINE PITKIN: Hires Kelly Wren as Real Estate Counsel
SKYLINE PITKIN: Seeks to Hire E Homes Realty as Broker
SONSHINE THERAPY: Gets Interim OK to Use Cash Collateral
SOUTH BAY: Case Summary & 12 Unsecured Creditors
SOUTHERN POINTE: Gets Interim OK to Use Cash Collateral
SPI SOLAR: Case Summary & 20 Largest Unsecured Creditors
SPOKANE INDUSTRIES: Court OKs Continued Use of Cash Collateral
SPORTSCAPERS CONSTRUCTION: Seeks Cash Collateral Access
STANLEY J. BERKE: Taps BFSNG Law Group as Counsel
STEINMETZ PLUMBING: Employs Tran Singh as Legal Counsel
STUDENTROOMSTAY: Case Summary & 20 Largest Unsecured Creditors
STUDIO 22 FITNESS: Hires Cristo Law Group as Counsel
SUZANNE'S SERENITY: Gets Final OK to Use Cash Collateral
SYMPLR SOFTWARE: Moody's Cuts CFR to Ca, Outlook Remains Stable
SYNERGENX LEGACY: Gets Extension to Access Cash Collateral
TENTH PLACE: Gets Final OK to Use Cash Collateral
TEXAS WINE: Hires Ag Management as Cash Flow Consultant
THE.TEAM: S&P Downgrades ICR to 'B' on Higher Leverage
TIFARET DISCOUNT: Amends SBA & Simon Ostreicher Secured Claims Pay
TIPTON ACADEMY: S&P Raises Revenue Bond Long-Term Rating to 'BB+'
TOOELE VALLEY: Employs Argus Law Group as Bankruptcy Counsel
TOPPER CORPORATION: Unsecured Creditors to Split $60K in Plan
TOUCHSTONE LOGISTICS: Gets Final OK to Use Cash Collateral
TUBOS REUNIDOS: Chapter 15 Case Summary
UMZU LLC: Gets OK to Use $4.12M in Cash Collateral Until Nov. 30
UNIROYAL HOLDING: Case Summary & List of 30 Largest Law Firms
VALPARAISO UNIVERSITY: Moody's Cuts Issuer & Bonds Ratings to Ba3
VARSOBIA HOSPITALITY: Brian Shapiro Named Subchapter V Trustee
VARSOBIA HOSPITALITY: Employs Nevada Bankruptcy as Counsel
VERATICS INC: Gets Interim OK to Use Cash Collateral Until Sept. 15
VERSACE DOMINICAN: Seeks to Hire Keller Williams as Broker
VIOLET'S PUPPIES: Gets OK to Use Cash Collateral Until Oct. 31
WATER OAKS: Wins Final OK to Use Cash Collateral Until Oct. 31
WELLMADE FLOOR: Files Amendment to Disclosure Stttement
WILFREDO EMANUEL: Seeks to Hire Dal Lago Law as Counsel
WINDSOR HOSPITALITY: Hires Keen-Summit as Real Estate Consultant
WISCONSIN & MILWAUKEE: Retains Allen & Associates as Appraiser
WORMLEY ROOFING: Hearing Today on Bid to Use Cash Collateral
YNEZ SHOPS: Plan Exclusivity Period Extended to Sept. 29
ZD SAND: Trustee Hires Jones Murray as Special Purpose Counsel
[^] Recent Small-Dollar & Individual Chapter 11 Filings
*********
1020 HARDING: Unsecureds to be Paid in Full over 3 Years
--------------------------------------------------------
1020 Harding Road, LLC, filed with the U.S. Bankruptcy Court for
the District of New Jersey a Disclosure Statement describing Plan
of Reorganization dated July 22, 2026.
The Debtor is a limited liability company organized under the laws
of the State of New Jersey. It is the owner of real property
located at 1020 Harding Road, Elizabeth, New Jersey ("the real
property").
The real property has recently been valued at $725,000.00. The
Debtor defaulted on its mortgage on July 1, 2023. A foreclosure
complaint was filed by Selene Finance, LP the mortgage servicer for
the U.S. Bank Trust National Association, not in its Individual
Capacity but Solely as Owner Trustee for RCAF Acquisition Trust in
the Superior Court of New Jersey, Chancery Division, Union County
on August 22, 2024 ("the foreclosure case").
This is a reorganization plan. In other words, the Debtor seeks to
accomplish restructuring of its debts under the plan by curing its
mortgage arrears, satisfying its unsecured debt and retaining its
assets.
Class 2 consists of Unsecured Claims. Allowed unsecured claims will
be paid in full. Payments will be made bi-annually for a period of
three years commencing on the effective date.
The Plan will be funded from the ongoing rent from the real
property. The Debtor entered into a lease with a tenant for the
monthly rent of $5,000.00. In addition, Eran Shemesh will
contribute any funds necessary to make payments required under this
Plan of the Debtor is unable to make such payments.
A full-text copy of the Disclosure Statement dated July 22, 2026 is
available at https://urlcurt.com/u?l=577OFm from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Bruce H. Levitt, Esq.
Levitt & Slafkes, PC
515 Valley Street, Suite 140
Maplewood, NJ 07040
Telephone: (973) 313-1200
Email: blevitt@lsbankruptcylaw.com
About 1020 Harding Road LLC
1020 Harding Road, LLC is the owner of real property located at
1020 Harding Road, Elizabeth, New Jersey ("the real property").
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 26-11988) on Feb. 25, 2026,
listing up to $1 million in both assets and liabilities.
Bruce H. Levitt, at Levitt & Slafkes, PC, is the Debtor's counsel.
1221 BOYLE: Hires Rodney D. Shepherd as Counsel
-----------------------------------------------
1221 Boyle St PA, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to employ Rodney D.
Shepherd, Esq. to handle its Chapter 11 case.
Mr. Shepherd received from the Debtor a retainer of $3,000. He will
be paid at the rate of $300 per hour, reimbursement for reasonable
out-of-pocket expenses incurred.
Mr. Shepherd 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:
Rodney D. Shepherd, Esq.
2403 Sidney Street, Suite 208
Pittsburgh, PA 15203
Tel: (412) 471-9670
About 1221 Boyle St PA, LLC
1221 Boyle St. PA, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
24-22826) on Nov. 18, 2024, listing under $1 million in both assets
and liabilities.
Judge John C. Melaragno presides over the case.
Rodney D. Shepherd, Esq., represents the Debtor as counsel.
2 FAT GUYS: Hires Elizabeth Conry Davidson as Appellate Counsel
---------------------------------------------------------------
2 Fat Guys Investments, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Elizabeth Conry Davidson, Attorney at Law, as appellate counsel.
Ms. Davidson will provide all services necessary to resolve the
following appellate matters including filing briefs, motions,
presenting oral arguments, if necessary, and reviewing orders:
-- 2 Fat Guys Investments, Inc., and Valdimir "Val" Minozevski v.
Mark Katzer and numbered 04-24-00459-CV in the Fourth Court of
Appeals: all briefing is already completed, the case was under
submission until the appellate court abated the appeal when the
Suggestion of Bankruptcy was filed;
-- Dallas Floyd v. 2 Ft Guys Inc., d/b/a 2 Fat Guys, and Val
Minizevski; Cause No 2023-CV-02015: a default judgment was entered
in this case, from which a Bill of Review must be filed; a
receivership order was entered on June 30, 2026, after the
bankruptcy proceeding was initiated and an interlocutory appeal and
motion to extend time to file notice of appeal must be filed as
soon as possible in that case;
-- Mark Katzer v. Vladimir "Val" Minozevski, Cause No. 21-170
pending in the 398th District Court of Kendall County, and for
which a Receivership Order was entered, a Notice of Appeal was
filed, and the Interlocutory Appeal from that order is pending in
the Fourth Court of Appeals, Styled 2 Ft Guys Inc., d/b/a 2 Fat
Guys, and Val Minizevski v. Mark Katzer, Case No. 04-26-00419-cv,
but was abated after the Suggestion of Bankruptcy was filed.
The firm will be paid at the rate of $600 per hour.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Ms. Davidson 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:
Elizabeth Conry Davidson, Esq.
100 N.E. Loop 410, Suite 615
San Antonio, TX 78216
Tel: (210) 380-4899
About 2 Fat Guys Investments, Inc.
2 Fat Guys Investments Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-51744) on
June 29, 2026, with $50,001 to $100,000 in assets and $100,001 to
$500,000 in liabilities.
Kerry Alleyne-Simmons, Esq., at Pulman Leflore Pullen & Reed, LLP
represents the Debtor as legal counsel.
2 FAT GUYS: Hires Pulman LeFlore Pullen as Counsel
--------------------------------------------------
2 Fat Guys Investments, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ Pulman
LeFlore Pullen & Reed LLP as counsel.
The firm's services include:
a. serving as attorneys of record in all aspects of this Chapter
11 case and to provide representation and legal advice to the
Debtor throughout this case;
b. consulting with the United States Trustee, the Subchapter V
Trustee, any statutory committee and its counsel, any unofficial
committee and its counsel (if appointed), and all other creditors
and parties in interest concerning the administration of the case;
c. taking all necessary steps to protect and preserve the
Debtor's estate;
d. assisting in the disclosure and confirmation processes
contemplated in this case; and
e. providing all other legal services required by the Debtor to
assist the Debtor in discharging his duties as debtor-in-possession
in connection with this Chapter 11 case.
The firm will be paid at these rates:
Randall A. Pulman, Partner $700 per hour
Kerry Alleyne, Associate $500 per hour
Matthieu Belanger-Coast, Associate $400 per hour
Paralegals $150 per hour
Law Clerks $125 per hour
The firm received $5,000 as retainer on June 23, 2026, and another
$20,000 on June 29, 2026.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. 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:
Randall A. Pulman, Esq.
Kerry S. Alleyne-Simmons, Esq.
Pulman Leflore Pullen & Reed LLP
2161 NW Military Highway, Suite 400
San Antonio, TX 78213
Tel: (210) 222-9494
Fax: (210) 892-1610
Email: rpulman@pulmanlaw.com
kalleyne@pulmanlaw.com
About 2 Fat Guys Investments, Inc.
2 Fat Guys Investments Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-51744) on
June 29, 2026, with $50,001 to $100,000 in assets and $100,001 to
$500,000 in liabilities.
Kerry Alleyne-Simmons, Esq., at Pulman Leflore Pullen & Reed, LLP
represents the Debtor as legal counsel.
20 WVC LLC: Hires O'Boyle Law Firm as Special Counsel
-----------------------------------------------------
20 WVC LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of Florida to employ O'Boyle Law Firm, P.C. as
special counsel.
The Debtor needs the firm's legal assistance to quiet title to the
Debtor's West Virginia Properties and to obtain the removal of
adverse claims, clouds on title, and unauthorized occupants or
structures encumbering the West Virginia Properties, and to defend
the Debtor's tax-deed title against the pending and threatened
challenges.
The firm will not seek or receive any compensation or reimbursement
of expenses from the Debtor or the estate for services rendered.
Mr. O'Boyle 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:
Jonathan O'Boyle, Esq.
The O'Boyle Law Firm, P.C.
1286 West Newport Center Drive
Deerfield Beach, FL 33442
Tel: (754) 212-4201
About 20 WVC LLC
20 WVC, LLC, doing business as CG Tax Certificates, LLC, filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 26-16038) on May 8, 2026.
At the time of the filing, the Debtor reported between $50,001 and
$100,000 in both assets and liabilities.
2ND HEAVEN: Seeks to Tap Orville & McDonald as Counsel
------------------------------------------------------
2nd Heaven, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of New York to hire Peter A. Orville, Esq. of
Orville & McDonald Law, P.C. to serve as legal counsel.
The firm will provide these services:
(a) give the company legal advice with respect to its powers
and duties in the continued operation of its business and
management of its property;
(b) take necessary action to avoid liens, remove restraints
against the company's property, and remove avoidable encumbrances
or liens placed against the property prior to the bankruptcy
filing;
(c) take necessary action to enjoin and stay attempts by
secured creditors to enforce liens against property in which the
company has substantial equity;
(d) represent the company in any proceedings instituted by
creditors or other parties during the Chapter 11 case;
(e) prepare the necessary petitions, answers, orders, reports,
and other legal papers; and
(f) perform all other legal services for the company or employ
attorneys for such services.
The firm will receive these hourly rates:
Peter A. Orville $450
Zachary McDonald $300
non-lawyer staff $125
According to court filings, Peter A. Orville, Esq. has no
connections with the company, its creditors, other parties in
interest, their respective attorneys and accountants, or the United
States Trustee. Orville & McDonald Law, P.C. represents no interest
adverse to the company or its estate.
The firm can be reached at:
Peter A. Orville, Esq.
ORVILLE & McDONALD LAW, P.C.
4100 Vestal Road, Suite 103
Vestal, NY 13850
Telephone: (607) 770-1007
About 2nd Heaven, LLC
2nd Heaven, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-60668) on July 27,
2026.
At the time of the filing, the company had estimated assets of
between $0 and $50,000 and liabilities of between $100,001 and
$500,000.
Judge Wendy A. Kinsella oversees the case.
Orville & McDonald Law, P.C. is the company's legal counsel.
415 WEST COLLEGE: Case Summary & Two Unsecured Creditors
--------------------------------------------------------
Debtor: 415 West College Avenue, LLC
459 W College Ave
Tallahassee, FL 32301
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
Northern District of Florida
Case No.: 26-40455
Debtor's Counsel: Byron W. Wright III, Esq.
BRUNER WRIGHT, P.A.
2868 Remington Green Circle
Tallahassee, FL 32308
Tel: (850) 385-0342
Fax: (850) 270-2441
E-mail: twright@brunerwright.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Daniel Gilbertson as managing member.
A full-text copy of the petition, which includes a list of the
Debtor's two unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/EYETS2Y/415_West_College_Avenue_LLC__flnbke-26-40455__0001.0.pdf?mcid=tGE4TAMA
522 FIFTH VENTURE: Hires Colliers International as Appraiser
------------------------------------------------------------
522 Fifth Venture, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Tennessee to employ Colliers
International Valuation & Advisory Services, LLC, d/b/a Colliers
Valuation & Advisory Services as real estate appraiser.
The firm will provide these services:
a. prepare an Appraisal Report concerning the Debtor's property
at 516 Rep John Lewis Way South, Nashville, Tennessee 37203;
b. prepare the Appraisal Report on an "As Is" basis, using
valuation approaches including land value, cost approach, sales
comparison approach, and income capitalization approach;
c. perform the appraisal in accordance with the Uniform
Standards of Professional Appraisal Practice ("USPAP"), the
Financial Institutions Reform, Recovery, and Enforcement Act
("FIRREA"), the Appraisal Institute's Code of Ethics and Standards,
as well as applicable state licensing laws; and
d. deliver the Appraisal Report to assist the Debtor in
connection with this Chapter 11 case.
The firm will be paid a flat fee of $6,000, which is inclusive of
all expenses related to the preparation of the Appraisal Report.
Mr. Gibson 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:
Patrick Gibson
Colliers International Valuation
& Advisory Services, LLC, d/b/a
Colliers Valuation & Advisory Services
615 3rd Avenue South, Suite 500
Nashville, TN 37210
Tel: (615) 850-2700
About 522 Fifth Venture, LLC
522 Fifth Venture, LLC is a single-asset real estate joint venture
developing a planned residential project in Nashville, Tennessee's
SoBro district.
522 Fifth Venture, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No.
26-02683) on June 4, 2026, listing $29,700,075 in assets and
$18,873,307 in liabilities.
The petition was signed by Evan Michael Lengsfield Kasper as member
of Elk Fund VI, LLC (the Debtor's co-manager).
Judge Nancy B King presides over the case.
Michael G. Abelow, Esq. at SHERRARD ROE VOIGT & HARBISON, PLC
serves as the Debtor's counsel.
522 FIFTH VENTURE: Hires WAY Capital Inc. as Capital Advisor
------------------------------------------------------------
522 Fifth Venture, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Tennessee to employ WAY Capital,
Inc. as capital advisor.
The firm's services include:
a. acting as Debtor's capital advisor for all financing, other
than joint venture equity financing, as to which this engagement is
non-exclusive;
b. sourcing, evaluating, and negotiating construction debt
financing for the Project;
c. sourcing LP joint venture equity financing for the Project;
and
d. assisting as capital advisor in any and all discussions
relating to this Chapter 11 case.
The firm's fee will be calculated as a percentage of the cumulative
amount of financing actually funded to Debtor, in accordance with
the following fee schedule: 0.75 percent of gross proceeds for
senior debt (0-65%); 1.25 percent for mezzanine financing and
preferred equity (65-85%); 0.90 percent for stretch senior
financing with one facility (0-85%); and 2 percent for joint
venture equity (non-exclusive). Cumulative fees shall not exceed
$2,000,000, and fees shall be earned and payable upon the closing
and funding of the applicable financing.
The Debtor will also reimburse the firm for its verifiable,
out-of-pocket expenses, not to exceed $10,000, payable upon the
closing of the applicable financing.
Mr. Davies 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:
Malcolm Davies
WAY Capital, Inc.
12 E 49th Street, Floor 11
New York, NY 10017
About 522 Fifth Venture, LLC
522 Fifth Venture, LLC is a single-asset real estate joint venture
developing a planned residential project in Nashville, Tennessee's
SoBro district.
522 Fifth Venture, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No.
26-02683) on June 4, 2026, listing $29,700,075 in assets and
$18,873,307 in liabilities.
The petition was signed by Evan Michael Lengsfield Kasper as member
of Elk Fund VI, LLC (the Debtor's co-manager).
Judge Nancy B King presides over the case.
Michael G. Abelow, Esq. at SHERRARD ROE VOIGT & HARBISON, PLC
serves as the Debtor's counsel.
5410 30TH STREET: Amends Unsecured Claims Pay Details
-----------------------------------------------------
5410 30th Street DC submitted a Second Amended Disclosure Statement
for the Second Amended Plan of Liquidation dated July 22, 2026.
5410 30th Street DC LLC is a Maryland limited liability company
formed on February 14, 2023, to renovate and develop residential
property. The company is solely owned and managed by Zanetta Marie
Williams, whose primary asset is a residential property located at
5631 MacArthur Boulevard NW, Washington, D.C. The property was
acquired for renovation and eventual sale.
The Chapter 11 filing resulted from disruptions to the Debtor's
financing after the collapse of its original construction lender's
servicing arrangements, which were connected to the bankruptcy of
Synapse Financial Technologies. According to the Debtor, these
events interrupted construction, servicing, and refinancing
efforts.
An appraisal dated October 11, 2025, valued the property at
approximately $5.05 million using the sales comparison approach,
with similar values indicated by the cost and income approaches.
However, the appraisal also noted declining sale prices for
comparable luxury properties and a large supply of competing
inventory. Since August 29, 2025, the property has been actively
marketed through multiple listing services, price reductions, open
houses, digital advertising, professional photography, broker
outreach, and disclosure of the appraisal to qualified buyers. The
listing price was gradually reduced to approximately $4.0 million.
The reorganization plan requires continued marketing of the
property under a Bankruptcy Court-approved broker, with 120-day
reviews of pricing and marketing strategy. The property must be
sold within 12 months of the Effective Date, unless the Bankruptcy
Court grants an extension. If the property is not sold within that
period, the Debtor must either pursue a Bankruptcy Court supervised
sale or consent to conversion of the case to Chapter 7.
This Disclosure Statement supersedes and replaces the Debtor's
Amended Disclosure Statement filed March 5, 2026, which IBI Falcon
US LLC objected to. IBI Falcon has since filed its own competing
Substitute Disclosure Statement and Substitute Plan, to which the
Debtor has objected on numerous independent grounds.
Treatment of Key Classes
* Class 4 General Unsecured Claims:
-- Creditors will receive a pro rata share of the Unsecured
Distribution Fund, which will be the greater of: $100,000, or the
remaining net sale proceeds after payment of Classes 1 through 3
and all allowed administrative claims, up to full payment of Class
4.
-- Recovery depends on the final sale price of the property and
the resolution of the IBI Falcon claim objection and related
proceedings.
-- The Debtor's schedules include approximately $593,000 in
additional disputed, contingent, unliquidated, or unknown unsecured
claims that are treated as allowed for voting and distribution
purposes unless successfully challenged.
* Class 5 Equity Interests (Zanetta Williams):
-- Ms. Williams retains her membership interest but may receive
cash or other property only if: Class 4 accepts the plan, or
Classes 1 through 4 and all allowed administrative claims are paid
in full, leaving a surplus.
-- If Class 4 neither accepts the plan nor is paid in full, Ms.
Williams will not receive or retain any property on account of her
ownership interest.
The plan revises an earlier proposal that would have allowed Ms.
Williams to retain all equity and any surplus while unsecured
creditors received only a possible pro rata distribution. The
revised structure conditions any recovery by the equity holder on
either creditor acceptance of the plan or full payment of senior
claims before any surplus is distributed.
The plan is structured as a liquidation of the Debtor's sole asset,
with feasibility dependent on selling the property within the
required timeframe for an amount sufficient to satisfy the plan's
payment obligations. As of the disclosure statement, the property
continues to be actively marketed.
A full-text copy of the Second Amended Disclosure Statement dated
July 22, 2026 is available at https://urlcurt.com/u?l=LMvdkp from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Deirdre T Johnson, Esq.
Deirdre T Johnson, Esq. - Attorney at Law
9701 Apollo Dr., Suite 301
Upper Marlboro, MD 20774
Tel: (301) 742-5385
E-mail: dtjesq@dtjohnsonlaw.com
About 5410 30th Street DC LLC
5410 30th Street DC LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 25-19605) on October 1,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.
Honorable Bankruptcy Judge Lori S. Simpson handles the case.
The Debtor is represented by Deirdre Theresa Johnson, Esq.
5500 RED OAK: Case Summary & One Unsecured Creditor
---------------------------------------------------
Debtor: 5500 Red Oak Drive ZAV Next One LLC
5500 Red Oak Drive
Los Angeles, CA 90068
Chapter 11 Petition Date: July 28, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-17507
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
Fax: (310) 271-9805
E-mail: michael.berger@bankruptcypower.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Zachary Vella as managing member.
The Debtor listed the Los Angeles Department of Water and Power as
its sole unsecured creditor, with a $1,000 claim for utility
services.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/HCSYZTI/5500_Red_Oak_Drive_ZAV_Next_One__cacbke-26-17507__0001.0.pdf?mcid=tGE4TAMA
727 LOFTS: Court Orders Appointment of Chapter 11 Trustee
---------------------------------------------------------
Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas directed the U.S. Trustee to appoint a
Chapter 11 trustee for 727 Lofts Best Living LLC and affiliates.
On July 27 and 28, the court held a hearing on an emergency request
for injunctive relief filed by one of the Debtors, Louis
Investments, LLC.
During the Hearing, the court heard evidence that was clear and
convincing that the principal of the Debtors, Marc Kulick, who made
the decision to file these cases, has engaged in mismanagement, has
conflicts of interest, has possibly breached fiduciary duties to
the entities to the detriment of general creditors, and has not
acted as a responsible corporate citizen with regard to real
properties owned by the Debtors.
Moreover, based on the evidence presented during the Hearing, and
for the reasons stated orally by this court thereafter, the court
has determined that "cause" exists for the immediate appointment of
a Chapter 11 Trustee under Sections 1104(a) and 105(a) of the
Bankruptcy Code.
Such "cause" includes Debtor's neglect of fiduciary duties,
mismanagement, conflicts, and failure to act as a responsible
corporate citizen with regard to properties of the Debtor. In
short, there has been irresponsibility and neglect of creditor's
priorities and rights in attending to the needs of the Debtors. And
there would appear to be a failure to focus on the duty to maximize
value for the creditors ahead of the equity owners/guarantors.
About 727 Lofts Best Living LLC
727 Lofts Best Living, LLC owns the 727 Lofts, a multifamily
apartment complex in Jenks, Oklahoma, that offers studio, one- and
two-bedroom apartments with modern residential amenities to tenants
in the Tulsa-area rental market.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-32779) on June 25,
2026, with up to $10 million in assets and up to $500,000 in
liabilities.
Judge Stacey G. Jernigan oversees the case.
Joyce Lindauer, Esq., at Lindauer & Vaughn, represents the Debtor
as legal counsel.
99 SE MIZNER: Plan Exclusivity Period Extended to Nov. 17
---------------------------------------------------------
Judge Mindy A. Mora of the U.S. Bankruptcy Court for the Southern
District of Florida extended 99 SE Mizner Blvd Unit 627 LLC's
exclusive periods to file a plan of reorganization and obtain
acceptance thereof to Nov. 17, 2026 and Jan. 16, 2027,
respectively.
As shared by Troubled Company Reporter, the Debtor commenced this
Chapter 11 case to avoid an imminent foreclosure sale and preserve
the value of its principal asset for the benefit of all
stakeholders. Since the petition date, the Debtor has made
substantial progress toward reorganized by pursuing refinancing and
settlement with a new lender to satisfy the existing indebtedness
and resolve the pending second mortgage foreclosure judgment.
However, the Debtor requires additional time to complete the
negotiations. The outcome of those efforts will materially affect
the Debtor's ability to formulate a feasible plan of
reorganization, and the requested extension will allow the
refinancing process to proceed and enable the Debtor to propose a
plan based on more complete and accurate financial information.
The Debtor asserts that it is seeking an extension in good faith
and not to unnecessarily delay the progress of its case. Such an
extension, if granted, will not prejudice the legitimate interests
of creditors and other parties in interest. The proposed extension
of the exclusive periods will enable the Debtors to continue their
efforts in a structured, efficient, and economical manner, with the
goal of preserving and maximizing the value of their assets.
About 99 SE Mizner Blvd Unit 627 LLC
99 SE Mizner Blvd Unit 627 LLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Fla. Case No. 26-14997-MAM) on April 21,
2026. The Debtor tapped the Law Office of Harry J. Ross as
counsel.
99 SE Mizner's counsel can be reached at:
Harry J. Ross, Esq.
Law Office of Harry J. Ross
6100 Glades Road, Suite 211
Boca Raton, FL 33434
Tel: (561) 482-2400
Fax: (561) 482-2602
E-mail: hross@hjrlaw.com
AC EVOLUTION: Seeks to Hire Jack Conway as Real Estate Broker
-------------------------------------------------------------
AC Evolution LLC seeks approval from the U.S. Bankruptcy Court for
the District of Massachusetts to employ Jack Conway Real Estate as
real estate broker.
The firm will market and sell the Debtor's real property located at
10 Uncle Stephens Road, Dennis, Massachusetts.
The firm will be paid a commission of 5 percent of the sales
price.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Chris Bowser
Jack Conway Real Estate
6 County Road
Mattapoisett, MA 02739
Tel: (508) 758-4944
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.
AHF PARENT: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
-----------------------------------------------------------------
Moody's Ratings affirmed AHF Parent Holding, Inc.'s (AHF) B3
Corporate Family Rating, B3-PD Probability of Default Rating, and
the B3 rating on its senior secured first lien term loan due
February 2028. The outlook was changed to negative from stable.
The ratings affirmation reflects AHF's good market position within
the US flooring market supported by its large domestic
manufacturing footprint with a broad portfolio of flooring
products. Moody's expects earnings and cash flow to improve
sequentially in the second half of 2026 as Cartersville ramp-up
costs subside, volume declines moderate, and due to seasonal
working capital inflows. Moody's projects that Moody's-adjusted
debt/EBITDA leverage will improve to around 6.0x by the end of
fiscal 2026, and 5.5x by fiscal 2027. However, Moody's expects that
the weak housing market conditions and headwinds impacting consumer
discretionary spending will persist over the next 12 months. These
factors create uncertainty around industry volumes moderating to a
level that supports improving earnings and annual free cash flow
over the next 12-18 months.
The negative outlook reflects AHF's currently high financial
leverage amid weaker industry demand due to soft housing market
trends and ongoing pressures on consumer discretionary spending,
particularly for high ticket residential repair and remodel (R&R)
projects such as flooring. The company reported materially lower
revenue, earnings, and free cash flow generation in 1Q-2026, driven
by lower volumes and higher ramp-up costs at its Cartersville, GA
facility. As a result, AHF's Moody's-adjusted debt/EBITDA leverage
is very high at 9.2x as of the last 12 months (LTM) period ending
1Q-2026, up from 7.3x as of the end of fiscal 2025. The company's
credit agreement covenant net leverage ratio was much lower at 3.1x
as of 1Q-2026. The Moody's-adjusted leverage differs from the
credit agreement covenant definition, because the covenant
calculation includes meaningful adjustments for items such as
restructuring and cost savings that Moody's do not addback to
EBITDA. Additionally, the company's liquidity is weak reflecting
that its asset-based lending (ABL) revolver facility matures in
February 2027 and it is classified as current. Despite Moody's
expectations for positive annual free cash flow in 2026, AHF's
liquidity is constrained by the ABL expiration in less than 12
months. The company's first lien term loan matures in February 2028
and becomes current in February 2027. As a result, there is
refinancing risk related to these maturities. AHF is working to
refinance these facilities. A refinancing will improve the
company's liquidity to adequate, however, the negative outlook
reflects further pressure on the rating if it is not successful.
RATINGS RATIONALE
AHF's B3 CFR broadly reflects its high financial leverage and
exposure to cyclical consumer discretionary spending. AHF's credit
profile also reflects its narrow product focus in the mature and
discretionary hard surface flooring industry. Cumulative high
inflation and higher borrowing costs are pressuring consumer
spending and negatively impacting demand for the company's
products. There is uncertainty around the company's ability to
meaningfully improve its profitability and cash flow generation
amid weaker consumer discretionary spending and amid a soft housing
market. AHF has geographic and customer concentration with sales
primarily in North America and with its top two customers
representing about a quarter of annual sales. AHF is highly
acquisitive and large transaction-related charges pressure cash
flow generation. The Cartersville acquisition and related start-up
costs and ramp up costs of the Cambodia facility are pressuring
free cash flow generation during the first half of 2026. However,
Moody's anticipates positive free cash flow for the full year 2026,
as these one-time costs abate and working capital subsides in the
second half. Despite Moody's expectations for positive annual free
cash flow generation, AHF's liquidity is weak, driven primarily by
the approaching expiration of its revolver facility in February
2027 and its term loan in February 2028. The company is working to
imminently address these maturities and improve its liquidity
profile.
The company's credit profile benefits from a good market position
in the US hardwood flooring market, aided by its strong market
position in the solid wood flooring (SWF) category, and #2 position
in engineered wood flooring (EWF). The company has a broad flooring
product offering and good end market diversification with sales in
the commercial segment now representing just over a third of
revenue. AHF's exposure to US tariffs is low given its large
domestic manufacturing footprint, which is a competitive advantage
versus industry competitors that rely on imports, and positions the
company well to gain share particularly in the LVT product
category. Moody's projects that Moody's-adjusted debt/EBITDA will
improve to 6.0x over the next 12 months, reflecting a significant
reduction in ramp-up costs and restructuring charges and
realization of the benefits from restructuring initiatives, and
offset by ongoing demand pressures. The company's differentiated
brand portfolio, with the ability to service distribution partners
without channel conflict, is also a competitive advantage.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be downgraded if AHF does not proactively address
maturities and improve liquidity, revenue or EBITDA weakens,
debt/EBITDA is sustained above 6.5x, EBITDA less capital
spending/interest falls below 1.0x, or if annual free cash flow is
weak or negative. The ratings could also be downgraded if the
company completes a debt-financed acquisition or shareholder
distribution that increases leverage.
The ratings could be upgraded if the company demonstrates a
consistent track record of organic revenue growth alongside EBITDA
margin expansion, sustains debt/EBITDA below 5.0x. The company
would also need to maintain at least good liquidity with consistent
good positive free cash flows, and Moody's expectations of balanced
financial policies that support credit metrics at those levels.
Headquartered in Mountville, PA, AHF Parent Holding, Inc. (AHF)
manufactures and distributes hard surface flooring in North America
to both residential and commercial end markets. The company's
flooring product categories include solid wood flooring (SWF),
engineered wood flooring (EWF), luxury vinyl tile (LVT), vinyl
composite tile (VCT), stone polymer core (SPC), and porcelain tile
products, among others. Following the February 2022 leveraged
buyout transaction, AHF is majority owned by Paceline Equity
Partners. The company's annual revenue is in the range of $750-$800
million.
The principal methodology used in these ratings was Consumer
Durables published in December 2025.
AKIBAS LLC: Seeks Cash Collateral Access Until Nov. 15
------------------------------------------------------
Akibaz LLC asks the U.S. Bankruptcy Court for the District of
Minnesota for authority to continue using cash collateral through
the week of November 15 or through plan confirmation.
Operating since its May 19 petition filing under prior interim and
final cash collateral orders set to expire on August 16, the Debtor
asserts that sustained access to cash collateral is critical to
maintain liquidity, satisfy regular operating expenses, pay
employees, and avoid an immediate operational shutdown.
The Debtor's secured debt hierarchy against its cash collateral
includes senior lender Community Reinvestment Fund, Inc., holding a
first-priority blanket UCC lien securing a $311,286 balance; De
Lage Landen Financial Services, Inc., holding a second-priority
blanket lien securing roughly $60,000; and 8Fig, holding a
third-priority blanket lien securing approximately $281,250 under a
merchant cash advance agreement. A fourth merchant cash advance
provider, Liberis, holds an unfiled, junior claim of approximately
$76,000, while Ally Financial holds separate purchase money
security interests in two 2025 Toyota RAV4 vehicles totaling
approximately $72,733.
To adequately protect secured creditors against post-petition
collateral diminution, Akibaz proposes granting replacement liens
on post-petition cash collateral to the same extent and priority as
prepetition liens, providing monthly financial accounting,
maintaining required property insurance, and continuing compliance
with terms previously stipulated with CRF.
As of August 17, the Debtor projects its combined cash,
receivables, and inventory collateral to be valued at $199,424,
with anticipated growth to $207,231 by November 15.
A hearing on the matter is set for August 11.
A copy of the motion is available at https://urlcurt.com/u?l=jpmTwM
from PacerMonitor.com.
About Akibaz LLC
Akibaz LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Minn. Case No. 26-41647) with $100,001
to $500,000 in assets and $1,000,001 to $10 million in
laibilities.
Judge Hon. William J Fisher oversees the case.
The Debtor is represented by David Tanabe, Esq., at Messerli &
Kramer P.A.
ALL AMERICAN: Nancy Isaacson Named Subchapter V Trustee
-------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Nancy Isaacson,
Esq., at Greenbaum, Rowe, Smith & Davis, LP, as Subchapter V
trustee for All American Auto Repair.
Ms. Isaacson will be paid an hourly fee of $500 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Isaacson declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Nancy Isaacson, Esq.
Greenbaum, Rowe, Smith & Davis, LP
75 Livingston Avenue
Roseland, NJ 08068
Phone: (973) 535-1600
Email: nisaacson@greenbaumlaw.com
About All American Auto Repair
All American Auto Repair sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-18353) on July 23,
2026.
ALL-CITY TOWING: Gets OK to Use $150K Reserve for Insurance Payment
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Wisconsin
approved a stipulation authorizing All-City Towing LLC and its
affiliated Chapter 11 debtors to make additional use of cash
collateral and Newtek Business Services Holdco 6, Inc. to release
restricted funds.
Under the approved stipulation, Newtek will release $150,000
directly from the reserve account to the insurance provider upon
receipt of an invoice and wire instructions.
The remaining reserve funds will continue to be held as collateral,
any refund of the insurance down payment must be returned to the
reserve account, and the Debtors must continue making the
previously approved $59,172.49 monthly adequate protection payments
to Newtek.
Before the bankruptcy filing, Newtek extended a $5.1 million loan
to the Debtors. Under an Assignment of Deposit Account, Newtek held
a $357,000 reserve account as collateral. A prior final cash
collateral order required the Debtors to make monthly adequate
protection payments of $59,172.49 to Newtek.
The Debtors sought access to a portion of the reserve after
learning they needed to make an unexpected $150,000 insurance down
payment to renew their insurance coverage. Because the expense was
significantly higher than in prior years, the Debtors were unable
to fund both the insurance payment and the required adequate
protection payment from available operating cash.
A copy of the court's order is available at
https://shorturl.at/Jkato from PacerMonitor.com.
About All-City Towing, LLC
All-City Towing LLC operate auto repair, towing, and transportation
businesses in Milwaukee and Sheboygan, Wisconsin.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Wisc. Case No. 26-20523) on Feb. 1,
2026. In the petition signed by Jeff Piller, member/manager, the
Debtor disclosed up to $10 million in both assets and liabilities.
Judge Rachel M. Blise oversees the case.
Evan P. Schmit, at Kerkman & Dunn, is the Debtor's legal counsel.
ALLBOUND CARRIER: Court Extends Cash Collateral Access to Aug. 31
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, granted Allbound Carrier, Inc. third interim
approval to use cash collateral.
Under the third interim order, the Debtor is authorized to use cash
collateral from August 1 to 31 in accordance with a court-approved
budget. The Debtor may vary from budgeted expenses by up to 15% on
individual line items and 20% on a cumulative basis during the
interim period.
The Debtor projects total operational expenses of $59,590 for
August.
The Debtor's cash collateral consists primarily of freight revenue
and accounts receivable that are subject to a lien held by the U.S.
Small Business Administration. The SBA extended a loan of
approximately $150,000 to the Debtor in 2020, secured by a blanket
lien on all business assets, including receivables and cash.
Because all incoming revenue constitutes cash collateral, the
Debtor cannot continue operations without court authorization to
use these funds.
As adequate protection, the Debtor is required to continue its
regular monthly loan payments of approximately $731 on the schedule
required under the existing SBA loan documents.
The SBA will also receive replacement liens on all post-petition
property of the Debtor that is similar to its pre-petition
collateral, with the same priority, validity, and enforceability as
its pre-petition liens. These liens are automatically perfected
without additional filings.
The order is available at https://shorturl.at/lwZ38
A further hearing is scheduled for August 28.
Allbound Carrier Inc.
Allbound Carrier, Inc. is an Illinois-based trucking company
operating through independent owner-operators.
Allbound Carrier sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-06532) on April 15,
2026, with assets of up to $1 million and liabilities of up to
$500,000. Blagoj Srbinov, president of Allbound Carrier, signed the
petition.
Judge Nancy A. Peterman oversees the case.
David P Leibowitz, Esq., at Law Offices of David P Leibowitz, LLC,
represents the Debtor as legal counsel.
ANCHOR SOUTH: Gets Interim OK to Use Cash Collateral
----------------------------------------------------
Anchor South Transport, LLC on August 5 received interim approval
from the U.S. Bankruptcy Court for the Northern District of
Alabama, Northern Division, to use cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral through September 2 to fund its operations based on a
court-approved budget.
The Debtor's operations include hauling feed manufacturing
ingredients, delivering feed to mills and farms, and transporting
poultry to processing plants. It needs to access operating
revenues, which constitute its sole source of cash to fund ongoing
business operations.
A search of the Alabama Secretary of State UCC records revealed
four potential encumbrances that affect or may affect the Debtor's
cash collateral: the U.S. Small Business Administration (SBA; filed
Aug. 4, 2020), the State of Alabama Department of Revenue (filed
July 22, 2025), Commercial Credit Group, Inc. (filed Oct. 21,
2025), and Valere 225 Trust (filed Dec. 17, 2025). Paccar Financial
Corp. also holds a UCC-1 filing, but its security interest is
limited specifically to two 2023 Peterbilt 389 tractors.
The SBA holds primary priority over all other cash collateral
claimants while the claims of Commercial Credit Group and Valere
225 Trust are subordinate to those of the SBA and the Alabama
Department of Revenue. Furthermore, the Debtor is unfamiliar with
Valere 225 Trust and has scheduled its claim as disputed.
As adequate protection, the SBA, Commercial Credit Group and the
Alabama Department of Revenue will be granted replacement liens on
their collateral owned by the Debtor, including cash collateral
generated after the Debtor's bankruptcy filing, with the same
validity, priority, extent and nature as their pre-petition liens.
The order is available at
http://bankrupt.com/misc/AnchorSouth_CCOrder45.pdf
A final hearing is scheduled for September 2.
About Anchor South Transport LLC
Anchor South Transport, LLC is an Albertville, AL-based general
freight trucking company.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-81684-CRJ11) on July
28, 2026. In the petition signed by Mary Melton, member, the Debtor
disclosed up to $500,000 in assets and up to $10 million in
liabilities.
Judge Clifton R. Jessup, Jr. oversees the case.
Tameria S. Driskill, Esq., at Tameria S. Driskill, LLC, represents
the Debtor as legal counsel.
ANGEL NAILS: Seeks Final OK to Use Cash Collateral
--------------------------------------------------
Angel Nails & Spa Tanasbourne, LLC asked the U.S. Bankruptcy Court
for the District of Oregon, for final approval to use $120,238 in
cash collateral and provide adequate protection.
The Debtor was initially allowed to access cash collateral under
the court's July 31 interim order.
The interim order granted the U.S. Small Business Administration
and junior secured creditors automatically perfected replacement
liens on post-petition collateral, with the same priority as their
pre-petition liens. It also approved the Debtor's monthly payment
of $1,000 to the SBA.
The SBA holds a senior UCC security interest filed on June 8, 2020,
covering all tangible and intangible personal property, which the
Debtor believes is the primary enforceable secured claim (noting an
earlier November 2018 filing by JP Morgan Chase Bank, N.A. that is
believed to be fully satisfied).
In its latest motion, the Debtor proposed to grant replacement
liens on post-petition assets of equal scope and continue its
$1,000 monthly payment to the SBA.
The Debtor stressed that without access to cash collateral, it has
no alternative financing sources, would be forced into a forced
liquidation below market value, and would cause irreparable harm to
the estate and unsecured creditors.
A final evidentiary hearing on the cash collateral request and
itemized budget has been scheduled for August 24, at 1:30 p.m.
A copy of the motion is available at https://urlcurt.com/u?l=Wz2El2
from PacerMonitor.com.
About Angel Nails & Spa Tanasbourne LLC
Angel Nails & Spa Tanasbourne, LLC 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.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ore. Case No. 26-32593) on July 27,
2026. In the petition signed by Lawrence Ledam, owner, the Debtor
disclosed $164,267 in total assets and $1,817,163 in total
liabilities.
Judge David W. Hercher oversees the case.
Theodore J. Piteo, Esq., at MICHAEL D. O'BRIEN & ASSOCIATES PC,
represents the Debtor as legal counsel.
ARDEN VENTURES: Hires Joseph J. D'Agostino Jr. LLC as Counsel
-------------------------------------------------------------
Arden Ventures LLC seeks approval from the U.S. Bankruptcy Court
for the District of Connecticut to employ Attorney Joseph J.
D'Agostino, Jr., LLC as counsel.
The firm's services include:
a. advising the Debtor regarding its rights, duties and powers
as a debtor and a debtor-in-possession operating and managing its
affairs;
b. advising and assisting the Debtor with respect to financial
agreements, debt restructuring, cash collateral orders and other
financial transactions;
c. reviewing and advising the Debtor regarding the validity of
liens asserted against property of the Debtor;
d. advising the Debtor as to actions to collect and recover
property for the benefit of the debtor’s estate;
e. preparing on behalf of the debtor the necessary applications,
motions, complaints, answers, pleadings, orders, reports, notices,
schedules, and other documents, as well as reviewing all financial
reports and other reports filed in its Chapter 11 case;
f. counseling the Debtor in connection with all aspects of a
plan of reorganization and related documents; and
g. performing all other legal services for the debtor which may
be necessary in its Chapter 11 case.
Attorney Joseph J. D'Agostino, Jr., the attorney handling the
bankruptcy case will be paid $350 per hour. Prior to filing the
Chapter 11, the firm received a retainer of $5,000.
Mr. D'Agostino, Jr.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:
Joseph J. D'Agostino, Jr., Esq.
Attorney Joseph J. D'Agostino, Jr., LLC
1062 Barnes Road, Suite 108
Wallingford, CT 06492
Tel: (203) 265-5222
Fax: (203) 265-5236
Email: Joseph@lawjjd.com
About Arden Ventures LLC
Arden Ventures LLC is a Wilton, Connecticut-based real estate
investment and holding company. The company's principal asset is a
7-acre development site in Fitchburg, Massachusetts, approved for
156 multifamily rental units. Arden Ventures is a subsidiary of
Arden Mills LLC and The Ideal Group of Companies Inc. The Chapter
11 filing followed a foreclosure notice issued by its senior
mortgage lender after the loan became delinquent in July 2026.
Arden Ventures LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Conn. Case No. 26-50527) on July 21,
2026. In its petition, the debtor reported estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.
The debtor is represented by Daniel S. DiBartolomeo, Esq., of The
DiBartolomeo Law Firm.
ARTICON HOTEL: Plan Confirmation Hearing Scheduled for Sept. 9
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
will hold a hearing on Sept. 14, 2026 at 1:00 p.m. before the
Honorable Michael B. Slade to consider confirmation of the Second
Amended Plan of Reorganization of Articon Hotel Services LLC.
The deadline to object to the Second Amended Disclosure Statement
is August 5, 2026, at 5:00 p.m. (prevailing Central Time) (the
"Objection Deadline").
The hearing to consider approval of the Disclosure Statement will
commence on August 7, 2026, at 10:00 a.m. (prevailing Central Time)
(the "Disclosure Statement Hearing").
The deadline to vote on the Plan is September 9, 2026 (the "Voting
Deadline").
The deadline to object to the Plan is September 9, 2026 (prevailing
Central Time) (the "Objection Deadline").
The hearing to consider confirmation of the Debtor's Second Amended
Plan of Reorganization will commence on Monday, September 14, 2026,
at 1:00 p.m. (prevailing Central Time) (the "Confirmation
Hearing").
As shared by the Troubled Company Reporter, the Debtor's Plan
contains one category of Administrative Claims, two categories of
secured claims, two categories of unsecured creditors, and one
class of membership interests.
Class 3 consists of General Unsecured Creditors other than those
related to the Baldwin litigation, amounting to approximately
$416,000, will be paid their pro-rata share of 1% of their claims
semi-annually for a period of five years. It is estimated that the
total amount paid to Class 3 Claimants semi-annually will be
$4,155.67, and payments will begin 30 days after the Effective
Date. Class 3 is impaired.
Class 4 consists of General Unsecured Litigation Claims. No
distributions will be made to Class 4 Claimants until resolution of
the Debtor's Appeal of the Judgment entered in the Baldwin
Litigation. In the interim, the Debtor will escrow 1% of the amount
of Class 4 Claims semi-annually, with said funds to be placed in
the trust account of Debtor's counsel, CSCG. Class 4 is impaired.
Payments to creditors pursuant to the Plan will be made from funds
generated by the Debtor's operations.
The Debtor believes that the Plan represents an opportunity for the
holders of Allowed Claims to receive as much or more than such
claimants would receive in a forced liquidation.
A full-text copy of the Second Amended Disclosure Statement dated
July 15, 2026 is available at https://urlcurt.com/u?l=Ms6EUc from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Scott R. Clar, Esq.
Crane, Simon, Clar & Goodman
135 South LaSalle Street, Suite 3950
Chicago, IL 60603
Telephone: (312) 641-6777
Email: sclar@cranesimon.com
A copy of the Court's Order dated July 21, 2026, is available at
https://urlcurt.com/u?l=Z7ZjQ3 from PacerMonitor.com.
About Articon Hotel Services LLC
Articon Hotel Services, LLC manufactures and supplies furniture,
fixtures and equipment as well as construction materials for the
hospitality industry in the United States. The Company provides
case goods, soft seating, millwork, lobby furniture, artwork,
mirrors and lighting, alongside shower surrounds, flooring, and
wall coverings, serving hotel projects through design, fabrication,
installation and compliance support. Articon works with major hotel
brands including Holiday Inn, Hilton, Embassy Suites, Courtyard and
Fairfield Inn & Suites.
Articon Hotel Services sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-13601) on Sept. 2,
2025. In its petition, the Debtor reported estimated assets between
$100,000 and $500,000 and estimated liabilities between $1 million
and $10 million.
The Debtor is represented by Scott R. Clar, at Crane, Simon, Clar &
Goodman.
ASH STREET PLAZA SOUTH: Case Summary & Five Unsecured Creditors
---------------------------------------------------------------
Debtor: Ash Street Plaza South, L.L.C.
327 W 8th Ave
Suite 100
Spokane, WA 99204
Business Description: Ash Street Plaza South, L.L.C. is a
privately held company whose principal assets are located at 2223
N. Ash St. in Spokane, Washington.
Chapter 11 Petition Date: July 22, 2026
Court: United States Bankruptcy Court
Eastern District of Washington
Case No.: 26-01456
Debtor's Counsel: Douglas R. Ricks, Esq.
SUSSMAN SHANK LLP
1000 SW Broadway
Suite 1400
Portland, OR 97205
Tel: 503-227-1111
Email: dricks@sussmanshank.com
Estimated Assets: $100,000 to $500,000
Estimated Liabilities: $1 million to $10 million
The petition was signed by Keith Scribner as authorized
representative.
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/Z3NGRPY/Ash_Street_Plaza_South_LLC__waebke-26-01456__0001.0.pdf?mcid=tGE4TAMA
ASN INVESTMENT: To Hire McNeil Legal Services as Legal Counsel
--------------------------------------------------------------
ASN Investment Group, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to hire McNeil Legal
Services to serve as legal counsel.
The firm will provide these services:
(a) provide adequate representation for mortgage modification and
for the full administration of this bankruptcy;
(b) provide all legal services required for the administration of
this bankruptcy, including but not limited to preparation and
filing of all required papers in connection with this bankruptcy;
(c) prepare for filing the initial bankruptcy petition, compile
the initial document requests from Trustee, and file the first day
motions.
McNeil Legal Services will receive an hourly rate of $350 for
Ronald G. McNeil, Esquire.
McNeil Legal Services is a "disinterested person" pursuant to 11
U.S.C. Sec. 101(14), according to court filings. The firm does not
hold or represent an interest adverse to the estate.
The firm can be reached at:
Ronald G. McNeil, Esq.
MCNEIL LEGAL SERVICES
1313 Race Street
Philadelphia, PA 19107-1571
Telephone: (215) 564-3999
Facsimile: (215) 564-3537
E-mail: r.mcneil@verizon.net
About ASN Investment Group LLC
ASN Investment Group, LLC is engaged in activities related to real
estate.
ASN Investment Group filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12857) on
July 6, 2026, with $500,001 to $1 million in assets and $1 million
to $10 million in liabilities.
Judge Derek J. Baker presides over the case.
Ronald G. McNeil, Esq., at Mcneil Legal Services represents the
Debtor as bankruptcy counsel.
ASP UNIFRAX: Plan Confirmation Hearing Scheduled for September 3
----------------------------------------------------------------
Judge Scott W. Everett of the U.S. Bankruptcy Court for the
Northern District of Texas granted the motion of ASP Unifrax
Holdings, Inc. and its affiliated debtors for entry of an order
establishing the Confirmation Schedule and Equity Rights Offering
Schedule and related procedures in the bankruptcy case.
The following Confirmation Schedule is approved (subject to
modification as necessary):
* Voting Record Date - July 15, 2026
* Solicitation Launch Date - July 20, 2026
* Petition Date - July 26, 2026
* Service of Combined Hearing Notice, Notices of Non-Voting
Status, and Opt-In Forms - As soon as reasonably practicable
following entry of the Order Publication Deadline As soon as
reasonably practicable following entry of the Order
* Voting Deadline and Accepting Voter Opt-Out Deadline - August
17, 2026, at 4:00 p.m., prevailing Central Time
* Initial Plan Supplement Deadline - August 21, 2026
* Objection Deadline and Non-Voting Opt-In Deadline - August 28,
2026, at 4:00 p.m., prevailing Central Time
* Deadline to File Confirmation Brief and Voting Report -
September 1, 2026
* Combined Hearing - September 3, 2026, at 10:30 a.m., prevailing
Central Time
* Rejecting Voter Opt-In Deadline - September 21, 2026, at 4:00
p.m., prevailing Central Time
The following Equity Rights Offering Schedule is approved (subject
to modification as necessary):
* Record Date - August 14, 2026
* Subscription Commencement Date - August 17, 2026
* Subscription Deadline - August 28, 2026 at 4:00 p.m.,
prevailing Central Time
The Combined Hearing, at which time this Court will consider, among
other things, final approval of the adequacy of the Disclosure
Statement and confirmation of the Plan, will be held via a hybrid
format on September 3, 2026 at 10:30 a.m., prevailing Central Time,
at Earle Cabell Federal Building, 1100 Commerce Street, 14th Floor,
Courtroom #3, Dallas, Texas 75242 before the Honorable Scott W.
Everett, U.S. Bankruptcy Judge for the Northern District of Texas
and via WebEx.
The Disclosure Statement provides Holders of Claims, Holders of
Interests, and other parties in interest with sufficient notice of
the injunction, exculpation, and release provisions contained in
Article VIII of the Plan, in satisfaction of the requirements of
Bankruptcy Rules 2002(c)(3) and 3016(b) and (c).
Any objections to the adequacy of the Disclosure Statement and
confirmation of the Plan must be filed on or before August 28,
2026, at 4:00 p.m., prevailing Central Time.
A copy of the Court's Order dated July 28, 2026, is available at
https://urlcurt.com/u?l=DOqYbr from Pacermonitor.com.
About Alkegen
Alkegen is a global leader in manufacturing high-performance
fibrous materials, including refractory ceramic fiber,
polycrystalline wool, aerogel composite and micro-fine glass, that
are engineered into blankets, felts, papers, boards, complex
shapes, and mats. Alkegen Holding was formed in 2021 through the
merger of Unifrax and Lydall, Inc.
Parent ASP Unifrax Holdings, Inc. and 62 subsidiaries, including
Alkegen Holding Company sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 26-80008) on
July 26, 2026. The Debtors filed for a pre-packaged Chapter 11
bankruptcy, aiming to eliminate $3.1 billion in debt.
Judge Scott W. Everett oversees the cases.
The Debtors tapped Gray Reed and Kirkland & Ellis LLP and Kirkland
& Ellis International LLP as counsel. Kroll Restructuring
Administration LLC is the Debtors' claims, noticing, and
solicitation agent.
ASPIRA INC: Court Extends Cash Collateral Access to Aug. 25
-----------------------------------------------------------
Aspira Inc. of Illinois, an Illinois not for Profit Corporation,
received another extension from the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, to use cash
collateral.
The court entered a fourth interim order extending the Debtor's
authority to use cash collateral through August 25 to pay operating
expenses under an approved budget.
The Debtor owns and operates two Chicago properties located at
3119–21 N. Pulaski Road and 3019–25 N. Monticello
Avenue, which have a combined value of approximately $15 million,
against an alleged secured debt of about $5.4 million owed to Old
Second National Bank.
Old Second National Bank is believed to be the only secured
creditor with cash collateral rights.
As adequate protection, Old Second National Bank will receive
first-priority replacement liens on post-petition collateral and
proceeds to the same extent and priority as its pre-petition liens.
The replacement liens cover cash generated from operations and
other collateral securing the lender's claims.
The bank will also receive a $10,000 payment from the Debtor on or
before August 25 as further protection.
As additional protection, the Debtor must maintain insurance on all
assets at replacement or fair market value, name the bank as an
additional insured or loss payee, and provide proof of coverage
upon request.
The order is available at https://h1.nu/1Azkh
A court hearing is scheduled for August 25.
Aspira Inc. of Illinois
Aspira Inc. of Illinois, an Illinois not for Profit Corporation, is
a Chicago-based not-for-profit education organization that, founded
in 1968, operates charter school and youth-development programs
focused on Latino and other underserved students, including ASPIRA
Early College High School, a comprehensive early-college high
school at 3986 W. Barry Ave. in Chicago.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-09992) on June 14,
2026. In the petition signed by Melissa Batista, interim chief
executive officer, the Debtor disclosed up to $50 million in assets
and up to $10 million in liabilities.
Judge Daniel R Fine oversees the case.
Paul M. Bach, Esq., at Bach Law Offices, represents the Debtor as
bankruptcy counsel.
AVANTGARDE SENIOR: Hires Lowell W. Tatkin as Special Counsel
------------------------------------------------------------
Avantgarde Senior Living and affiliate seek approval from the U.S.
Bankruptcy Court for the Central District of California to employ
the Law Offices of Lowell W. Tatkin as special tax and business
counsel.
The firm's services include:
(1) advising and aiding the Debtors with their tax issues,
including AGL's pending due process appeal of certain employment
taxes due for 2022 to 2023;
(2) advising the Debtors and their employees on issues related
to legal compliance, operations, and collections of accounts
receivable; and
(3) preparing, drafting, and reviewing documents related to the
Debtors' real property lease(s) and agreements with vendors; and
(4) providing other business related legal advice.
The firm will be paid a monthly $10,000 flat fee.
Mr. Tatkin 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:
Lowell W. Tatkin, Esq.
Law Offices of Lowell W. Tatkin
8040 W. 83rd St. Suite 202
Playa Del Rey, CA 90293
Tel: (310) 578-8188
Fax: (310) 578-9466
About Avantgarde Senior Living
Avantgarde Senior Living operates senior housing and assisted
living communities in Tarzana, California, offering residential
care services for elderly individuals. Adelman Tarzana Investments,
LLC owns the real property on which the facility operates and
leases such property to Avantgarde.
Avantgarde and Adelman sought Chapter 11 relief under the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Lead Case No. 26-11397) on June
29, with between $10 million and $50 million in both assets and
liabilities.
Honorable Bankruptcy Judge Martin R. Barash oversees the cases.
The Debtors are represented by Ron Bender, Esq., at Levene, Neale,
Bender, Yoo & Golubchik L.L.P.
BACK2 HEALTH: Seeks Cash Collateral Access
------------------------------------------
Back2 Health Physical Therapy, Inc. asks the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division, for
authority to use cash collateral and provide adequate protection.
The Debtor needs to utilize its cash collateral across a 13-week
operating budget to meet critical ordinary-course
expenses—including payroll, taxes, insurance, and rent—to
prevent immediate, irreparable harm and maintain its going-concern
value.
The urgency follows severe liquidity constraints triggered when the
U.S. Treasury instituted a 100% offset against the Debtor's
Medicare receivables (which constitute ~40% of its total revenue)
to satisfy an outstanding Small Business Administration EIDL loan.
These offsets left the business unable to make timely lease
payments, prompting two landlords (Portobello Management LLC and
Portobello Management II, LLC) to launch eviction proceedings in
late June 2026. Although Treasury counsel notified the Debtor on
July 22, 2026, that post-petition offsets have ceased, immediate
access to cash is required to cure rent defaults, settle pending
unlawful detainer actions, and maintain operational stability.
To protect creditor interests while executing its reorganization
plan, the Debtor proposes a cash management plan backed by
replacement liens and targeted adequate protection measures. As of
the petition date, Back2 Health holds $52,670 in liquid bank
balances, $23,101 in lease security deposits, and $1,143,428 in
collectible accounts receivable, alongside physical equipment,
intellectual property, and client lists. These assets stand against
encumbrances asserted by four primary secured creditor groups:
Citibank, N.A. (senior UCC-1 filed August 2019), the SBA (UCC-1
filed June 2020), Great American Financial Services Corporation
(equipment/phone liens), and Key Health Medical Solutions / Medport
Billing (receivables lien filed March 2023).
Under the proposed order, the Debtor requests a 10% line-item and
aggregate variance allowance on its 13-week budget, offers
post-petition replacement liens on newly generated assets to offset
any collateral diminution, and proposes paying $1,750 per month in
direct adequate protection payments to the SBA. Back2 Health
asserts that continuing operations under this cash framework
represents the only viable path to rehabilitate the business,
resolve prepetition liabilities, and fund a confirmable Subchapter
V plan out of ongoing operational cash flow.
A copy of the motion is available at https://urlcurt.com/u?l=aE0mSl
from PacerMonitor.com.
About Back2 Health Physical Therapy, Inc.
Back2 Health Physical Therapy, Inc. is a Los Angeles,
California-based provider of outpatient physical therapy services.
The therapist-owned practice operates multiple clinics throughout
the Los Angeles area, including Burbank and Encino, offering
rehabilitation and recovery services. Despite its financial
restructuring, the company continues to provide patient care and
has been actively recruiting physical therapy assistants and
aides.
Back2 Health Physical Therapy, Inc. sought relief under Subchapter
V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif.
Case No. 26-17120) on July 17, 2026. In its petition, the Debtor
reports estimated assets and estimated liabilities ranging from $1
million to $10 million.
Honorable Vincent P. Zurzolo handles the case.
The Debtor is represented by Laura J. Portillo, Esq. of Portillo
Ronk Legal Team.
BATCH INC: Court Extends Cash Collateral Access to Sept. 10
-----------------------------------------------------------
Batch, Inc. got the green light from the U.S. Bankruptcy Court for
the District of Massachusetts to use cash collateral to continue
operating its business.
Under the court order, the Debtor is authorized to use these cash
collateral through September 10 for business expenses based on a
court-approved budget, unless modified by a later court order.
As protection, secured creditors will be granted replacement liens
and continuing security interests in the Debtor's assets. These
liens are intended to compensate creditors for any decrease in the
value of their collateral resulting from the Debtor's use of cash
collateral during the bankruptcy process.
The Debtor is required to submit updated financial information by
September 8 This includes a reconciled budget showing actual and
projected income and expenses, monthly beginning and ending bank
balances, and projected budgets for September, October, and
November 2026.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/s5Giw from PacerMonitor.com.
The court scheduled a further hearing for September 10.
About Batch Inc.
Batch Inc. is a premium all-natural ice cream company headquartered
in Longmeadow, Massachusetts. It operates retail ice cream shops
and mobile ice cream trucks while offering handcrafted flavors made
with high-quality ingredients. Batch Ice Cream became known for
specialty flavors such as Salted Caramel, Dark Chocolate, Vanilla
Bean, and Mexican Chili.
Batch filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Mass. Case No. 26-30294) on May 11,
2026, with assets of between $100,000 and $500,000 and liabilities
of between $500,000 and $1 million. James LaMontagne of Sheehan
Phinney Bass & Green serves as Subchapter V trustee.
The Debtor is represented by Robert Girvan, Esq, at Weiner Law
Firm, P.C.
BHB THREE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: BHB Three LLC
335 East 10th Street
New York, NY 10009
Business Description: BHB Three LLC holds long-term leases for
ground-floor retail and basement space at 855 and 857 Ninth Avenue
in New York City. The company leases space to commercial tenants,
including a coffee shop or bakery and a shoe repair business, and
markets an additional vacant storefront for sublease.
Chapter 11 Petition Date: July 30, 2026
Court: United States Bankruptcy Court
Southern District of New York
Case No.: 26-11801
Judge: Hon. Lisa G Beckerman
Debtor's Counsel: Kevin Nash, Esq.
GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
125 Park Ave
New York, NY 10017-5690
Email: knash@gwfglaw.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $500,000 to $1 million
The petition was signed by David Goldwasser as chief restructuring
officer.
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/KR2LNFI/BHB_Three_LLC__nysbke-26-11801__0001.0.pdf?mcid=tGE4TAMA
BITCOIN DEPOT: Gets Final OK to Use Cash Collateral
---------------------------------------------------
Bitcoin Depot Inc. and affiliated debtors received final approval
from the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to use cash collateral.
Under the final order, the Debtors are authorized to use cash
collateral in accordance with an approved budget, subject to a 20%
permitted variance.
The principal secured lender, Silverview Credit Partners LP, acting
as term loan agent for certain lenders, holds a pre-petition claim
of at least $16.86 million under a term loan facility originally
totaling $36.45 million.
As part of a negotiated settlement, the order provides that
$14,018,139.60 will be released from an account to the lenders
after the expiration of the challenge period, subject to the
settlement terms concerning the disputed $3.1 million exit fee. In
addition, the lenders will be granted adequate protection in the
form of replacement liens and superpriority administrative expense
claims.
Meanwhile, NFS Leasing, Inc. and VFS LLC will receive replacement
liens on their respective collateral, although the court expressly
reserved all parties' rights to contest the validity, priority, or
enforceability of their pre-petition claims and liens in future
proceedings.
To secure creditor interests, the Debtors must maintain an account
containing $17.22 million, provide weekly budget variance reports,
preserve insurance on collateral, and allow secured creditors
reasonable access to books and records. The Debtors must also
comply with the approved budget while funding professional fee
reserves and required carve-outs for estate professionals and
statutory fees.
The final order remains in force until the occurrence of
termination events, including dismissal or conversion of the
Chapter 11 cases or failure to obtain confirmation of the Debtors'
restructuring plan by the required deadline.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/k5ObF from PacerMonitor.com.
About Bitcoin Depot Inc.
Bitcoin Depot, Inc. is a Delaware corporation with its principal
place of business in Georgia that operates the largest
cryptocurrency kiosk network in North America, claiming to operate
more than 8,400 Bitcoin ATMs across the United States, Canada, and
Puerto Rico.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18,
2026. In the petition signed by W. Alexander Holmes, director, the
Debtor disclosed up to $50 million in both assets and liabilities.
Paul E. Heath, Esq., at Vinson & Elkins LLP, represent the Debtor
as legal counsel.
BLACK CANOE: Claims to be Paid from Property Sale Proceeds
----------------------------------------------------------
Black Canoe, LLC filed with the U.S. Bankruptcy Court for the
District of Maryland a Disclosure Statement describing Chapter 11
Plan dated July 23, 2026.
The debtor is a Maryland limited liability company formed on
January 24, 2019, to own real estate investment property. The
company is owned by Dominic Longacre, a Maryland resident.
The debtor purchased a commercial building in Vernon, Connecticut,
intending to renovate it for lease or sale. The debtor hired
contractors to renovate the property. On March 23, 2023, VanHorst
General Contractors, LLC recorded a mechanic's lien against the
property.
On May 2, 2025, VanHorst began foreclosure proceedings. A
foreclosure hearing was scheduled for December 2025. The bankruptcy
case was filed to prevent the foreclosure from being finalized and
to protect the debtor's equity in the property.
Sale of the Property
* At the time of filing, the property was listed for sale.
* On January 21, 2026, the debtor entered into a contract to sell
the property.
* The court approved the sale on February 19, 2026.
* After payment of all costs, the debtor received net sale
proceeds of $420,713.73.
Treatment of Claims
* Class 1 Secured Claims:
-- Class 1 consists of secured claims held by JPMChase, secured
by a Range Rover and a Land Rover Defender.
-- The debtor proposes to pay the fair market value of the
vehicles to the secured creditor on the plan's effective date.
* Class 2 Unsecured Credit Card Claims:
-- Class 2 consists of unsecured credit card claims.
-- The debtor is objecting to all credit card claims.
-- After the court determines the allowed amounts, the debtor
will pay the amounts the court finds are owed.
-- This class is impaired.
All payments and distributions under the plan will be funded from
the proceeds of the sale of the Connecticut property.
Plan Feasibility
* The debtor states that the sale proceeds provide sufficient
funds to pay claims in full.
* The plan asserts that creditors and equity holders who do not
accept the plan will receive at least as much as they would in a
Chapter 7 liquidation.
A full-text copy of the Disclosure Statement dated July 23, 2026 is
available at https://urlcurt.com/u?l=IC5YEG from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Geri Lyons Chase, Esq.
Law Office of Geri Lyons Chase
2007 Tidewater Colony Drive, Suite 2B
Annapolis, MD 21401
Telephone: (410) 573-9004
Email: gchase@glchaselaw.com
About Black Canoe LLC
Black Canoe, LLC is a limited liability company.
Black Canoe, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 25-21912) on December 20, 2025. In
its petition, the Debtor listed up to $1 million in both assets and
liabilities.
Honorable Bankruptcy Judge Michelle M. Harner handles the case.
The Debtor is represented by Geri Lyons Chase, Esq., at the Law
Office of Geri Lyons Chase.
BLACKSTONE MORTGAGE: Moody's Alters Outlook on B1 CFR to Negative
-----------------------------------------------------------------
Moody's Ratings has affirmed Blackstone Mortgage Trust, Inc.'s
(BXMT) B1 corporate family rating and B1 senior secured debt and
senior secured bank credit facility ratings. Moody's have also
changed BXMT's outlook to negative from stable.
RATINGS RATIONALE
The outlook change to negative reflects the deterioration in BXMT's
loan portfolio, which is leading to operating losses, and the
resulting decline in capitalization. The negative outlook
incorporates Moody's expectations that BXMT may continue to
experience asset quality and profitability challenges over the next
12-18 months.
The rating action follows BXMT's second-quarter earnings release,
in which it reported an $81 million net loss driven by a $134
million provision for credit losses. Asset quality remains
challenged, with loans assigned the company's highest-risk internal
rating of 5 representing 4% (net book value) of the loan portfolio
and loans with an internal rating of 4 representing 12% of the loan
portfolio as of June 30, 2026 compared to 2% and 15% last quarter.
These exposures are concentrated in the office, multifamily and
life science sectors. Given the sizable proportion of loans rated
4, further migration of these exposures to risk rating 5 could
result in additional asset-specific provisions, as loans rated 4
only carry a pooled reserve, leading to additional losses and
further erosion of capital. Reflecting the elevated risk profile of
the loan portfolio, BXMT's allowance for credit losses increased to
$410 million, or 2.3% of gross loans, at quarter-end.
BXMT reported $1.3 billion of real estate owned (REO) as of 30 June
2026. The large REO balance continues to weigh on earnings through
carrying costs and reduced income generation, while also
highlighting the challenges associated with resolving distressed
assets. Moody's views earnings as the first line of defense against
operating losses, and sustained earnings pressure reduces the
company's capacity to absorb future credit costs and support
capital. In addition, renewed geopolitical uncertainty in the
Middle East has contributed to upward pressure on longer-term
interest rates, including the 10-year US Treasury yield. Higher
interest rates could place additional stress on borrowers through
increased refinancing risk and debt service burdens, while also
complicating the company's efforts to resolve underperforming loans
and monetize REO by reducing transaction activity, constraining
capital availability, and delaying improvements in commercial real
estate valuations.
As a result of the losses, BXMT's reported capitalization weakened
during the first half of 2026, with tangible common equity to
tangible managed assets (TCE/TMA) declining to 16.4% from 17.3% one
year earlier. Capitalization would be 16.9% when excluding the
impact of accumulated depreciation on property values.
Despite these credit challenges, BXMT maintains adequate liquidity,
supported by well-laddered corporate debt maturities. However, the
company's funding profile remains constrained by its significant
reliance on secured financing as its primary source of funding.
Although BXMT maintains access to a diversified range of secured
funding channels, the extensive use of asset-backed borrowings
encumbers a substantial portion of its balance sheet, limiting
financial flexibility and resulting in comparatively limited access
to unsecured funding sources.
The B1 senior secured bank credit facility rating is reflective of
the notes' priority ranking in BXMT's capital structure.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Given the negative outlook, an upgrade of BXMT's ratings is
unlikely in the near term. However, the outlook could be revised to
stable if the company rebuilds its capitalization, demonstrates
sustained improvement in asset quality by reducing problem loans
and real estate owned, and returns to consistent profitability.
Over time, BXMT's ratings could be upgraded if the company further
strengthens its capital position, meaningfully improves its asset
quality, and demonstrates sustained, predictable profitability
across market cycles. An improvement in BXMT's funding profile, for
example through a decline in the proportion of secured debt, would
also support positive rating pressure. An upgrade would likely
require BXMT to establish a stronger and more consistent track
record of financial performance and risk management that compares
favorably with similarly rated peers.
BXMT's ratings could be downgraded if asset quality continues to
deteriorate, resulting in substantial losses, including from
further migration of loans to the company's highest-risk
categories; capitalization weakens further, with TCE/TMA falling
below 15.0%; earnings remain under pressure and are insufficient to
absorb elevated credit costs; or the company experiences a
reduction in available funding under its secured borrowing
facilities, its primary source of liquidity. Continued difficulties
in resolving underperforming loans and REO could also contribute to
negative rating pressure.
The principal methodology used in these ratings was Finance
Companies published in July 2024.
BLOOMIN' BRANDS: Moody's Cuts CFR to B1 & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Ratings downgraded Bloomin' Brands, Inc.'s (Bloomin'
Brands) ratings, including its corporate family rating to B1 from
Ba3, probability of default rating to B1-PD from Ba3-PD, backed
senior secured revolving credit facility to Ba3 from Ba2, and its
senior unsecured global notes to B3 from B2. The outlook was
changed to stable from negative. Bloomin' Brands' speculative grade
liquidity rating (SGL) is unchanged at SGL-2.
The downgrade reflects Moody's expectations that while Bloomin
Brands is making progress on its operational turnaround
initiatives, improvement in its credit profile will be limited over
the next 12-18 months. Despite early signs of progress, the company
is yet to realize sustained financial improvement in business
performance. The difficult consumer spending environment and
ongoing cost inflation also remain key challenges. Moody's expects
EBITA/Interest to remain below 2.0x as operating margins remain
well below historical levels with debt/EBITDA around 4.0x over the
next 12 to 18 months.
Liquidity remains good, as reflected in the SGL-2 speculative grade
liquidity rating. Moody's expects free cash flow, balance sheet
cash, and ample excess revolver availability will more than support
seasonal cash flow needs over the next 12-18 months, with excess
cash flow used to reduce debt and improve leverage. Moody's also
views the company as maintaining ample covenant headroom, and
refinancing risk is benign given that its revolver and unsecured
notes both mature in 2029.
RATINGS RATIONALE
Bloomin' Brands' B1 CFR benefits from the high level of brand
awareness of its four brands, large and diversified asset base with
1,452 restaurants spread across the US and about 25% located
internationally as well as its good liquidity. The rating is
constrained by below average operating margins versus certain
peers, weak interest coverage metrics and ongoing uncertainty
around consumer willingness and ability to sustain their level of
spending on food away from home.
Bloomin' Brands' profit margins significantly weakened in 2024 and
2025 due to de-leveraging of lower sales and ongoing commodity,
labor and other cost inflation. Moody's expects financial
improvement to be limited in 2026 as a result of planned turnaround
investments being partially offset by non-guest facing productivity
savings. While the company repaid over $270 million of balance
sheet debt since the end of 2024 using proceeds from the sale of
67% of its Brazil operation and free cash flow, interest coverage
metrics remain pressured and well below historical levels. As of
March 2026, Moody's-adjusted EBIT/interest was approximately 1.6x,
while debt/EBITDA was a more moderate 4.1x.
The company continues to maintain a net lease adjusted leverage
target of 3.0x, as calculated by the company. As of March 2026,
management-calculated leverage was around 3.8x. Bloomin Brands
discontinued its dividend in October 2025 which has supported its
free cash flow generation.
The stable outlook reflects Moody's expectations that the company
will steadily improve operating performance as it implements its
turnaround strategies over the next 12-18 months. Moody's also
expects the company to maintain at least good liquidity and a
balanced financial policy that prioritizes using free cash flow to
reduce debt and leverage.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Ratings could be upgraded if the company demonstrates the ability
to navigate the challenging consumer spending environment through
consistently growing customer traffic and sustaining margin
improvement such that Moody's-adjusted EBIT/interest exceeds 2.0x
while maintaining debt/EBITDA below 4.5x on a sustained basis. A
higher rating would also require maintaining at least good
liquidity and a balanced financial policy.
Ratings could be downgraded if operating performance were to
deteriorate, including weakness in same store sales or operating
margins. A deterioration in liquidity, including negative free cash
flow, or more aggressive financial strategies could also result in
a downgrade. Specific metrics include Moody's-adjusted debt/EBITDA
rising above 5.0x or EBIT/interest falling below 1.5x on a
sustained basis.
Bloomin' Brands, Inc. owns and operates a diversified base of
casual dining concepts which include Outback Steakhouse, Carrabba's
Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and
Wine Bar. Revenue approached $4.0 billion for the latest twelve
month period ended March 2026.
The principal methodology used in these ratings was Restaurants
published in September 2025.
BLUE IVY: Hires McDermott Quilty Miller as Special Counsel
----------------------------------------------------------
Blue Ivy, LLC and affiliates seek approval from the U.S. Bankruptcy
Court for the District of Massachusetts to employ McDermott Quilty
Miller & Hanley LLP as special counsel.
The firm's services include:
a. advising the Debtors with respect to licensing issues and
related matters of the real property located at 99 and 103 Main
Street, Essex, Massachusetts;
b. preparing, on the Debtors' behalf, all necessary and
appropriate pleadings and other documents filed before any
governmental licensing authority;
c. representing the Debtors at all hearings and matters before
any governmental licensing authority; and
d. performing all other legal services and providing all other
necessary legal advice to the Debtors as may be necessary related
to any other licensing matters as they may arise or require the
expertise of special counsel.
The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.
Mr. Miller disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Stephen V. Miller, Esq.
McDermott Quilty Miller & Hanley LLP
28 State Street Suite 802
Boston, MA 02109
Tel: (617) 946-4600
About Blue Ivy, LLC
Blue Ivy LLC was formed in 2017 to develop and operate a brewery
and restaurant with Great Marsh Brewing Company. The company owns
the real property at 99 and 103 Main Street in Essex,
Massachusetts, which is improved with a brewery and restaurant
facility constructed by Blue Ivy and Great Marsh. John Collins
serves as Blue Ivy's manager and as president of Great Marsh, a
Massachusetts corporation formed in 2017 to construct and operate
the brewery.
Blue Ivy, LLC in Essex, MA, sought relief under Chapter 11 of the
Bankruptcy Code filed its voluntary petition for Chapter 11
protection (Bankr. D. Mass. Lead Case No. 26-11363) on June 9,
2026, listing as much as 1 million to $10 million in both assets
and liabilities. John Collins as manager, signed the petition.
MUPRHY & KING, P.C. serve as the Debtor's legal counsel.
BLUE ONYX: Unsecured Creditors Will Get 6.8% of Claims in Plan
--------------------------------------------------------------
Blue Onyx Systems, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Wisconsin a Plan of Reorganization dated
July 22, 2026.
The Debtor is a Wisconsin limited liability company originally
founded in 1998 as Industrial Automation Solutions (IAS) by Paul
Szeflinski.
The company initially served as an original equipment manufacturer
for the automotive industry before shifting in 2008 to designing
and building custom robotic automation systems for general
manufacturing. Bryan Brisch joined the company in 2012 to help
expand the business.
In 2021, IAS entered a joint venture with Viking Masek, forming
Viking Masek Robotics & Automation, LLC. The venture increased
overhead through expanded leased space but struggled financially
following the death of Viking Masek's founder. The partnership
ended, and the company rebranded as Blue Onyx Systems, LLC in
January 2025.
The company proposes a Chapter 11 reorganization funded entirely
through cash flow from its ongoing operations designing and
building custom robotic automation systems. The final plan payment
is expected around September 2029. Projected disposable income
during the applicable period is approximately $771,909.
Projected cash available for plan payments is approximately $1.45
million. Total projected plan payments is approximately $1.33
million, leaving an estimated cash surplus of about $114,000.
Treatment of Unsecured Creditors:
* Total allowed nonpriority unsecured claims are estimated at
approximately $4.85 million, including insider claims, rejected
contract claims, and certain unliquidated claims.
* The company proposes monthly payments of $10,000 to unsecured
creditors, distributed on a pro rata basis.
* Some months in 2027 may have no payments because of cash flow
constraints.
* Total payments to unsecured creditors are projected at
approximately $330,000, representing an estimated 6.8% recovery on
allowed unsecured claims.
Ownership and Management:
* Existing members Paul Szeflinski, Bryan Brisch, Rocket Train
LLC, and Lake Area Holdings, LLC, will retain their ownership
interests.
* Bryan Brisch will continue serving as Vice President and
authorized representative.
* Paul Szeflinski and the other members will continue managing
the company's operations and implementing the reorganization plan.
Plan Feasibility
The company projects that operating cash flow will be sufficient to
fund:
* Administrative expenses of $65,000.
* Monthly secured debt payments to Old National Bank of
approximately $24,002.
* Monthly unsecured creditor payments of $10,000, except for
certain months in 2027 when payments may be suspended due to cash
flow constraints during the rebuilding period.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=kCODtR from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Nicholas W. Kerkman, Esq.
Kerkman & Dunn
839 N. Jefferson St., Suite 400
Milwaukee, WI 53202-3722
Telephone: (414) 277-8200
Facsimile: (414) 277-0100
Email: nkerkman@kerkmandunn.com
About Blue Onyx Systems
Blue Onyx Systems, formerly known as IAS, is a New Berlin,
Wisconsin-based provider of industrial automation systems,
designing and integrating equipment for manufacturing environments.
The company, founded by Paul Szeflinski and a KUKA System Partner
since 2008, develops solutions that incorporate robotics in a
majority of its systems. Its services include custom machine
design, equipment upgrades, remote support, maintenance programs,
and training, serving customers across industries such as consumer
products, food and beverage, rubber and plastics, metal processing,
and warehousing and logistics.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-22269) on April 22,
2026, with $1 million to $10 million in assets and liabilities.
Bryan Brisch, authorized representative, signed the petition.
Judge G. Michael Halfenger presides over the case.
Nicholas W. Kerkman, at KERKMAN & DUNN, represents the Debtor as
legal counsel.
BNC SPECIAL: Seeks to Tap Estes & Bush as Real Estate Broker
------------------------------------------------------------
BNC Special Acquisitions, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Mississippi to employ
Brian E. Estes of Estes & Bush Real Estate, LLC to serve as real
estate broker.
The firm will provide these services:
(a) representing BNC as its agent in all aspects of identifying
and communicating with prospective purchasers of the Property;
(b) participating in meetings with BNC and its agents and
potential purchasers;
(c) providing necessary information to prospective purchasers;
(d) negotiating the terms and conditions of sale with any
prospective purchasers of the Property; and
(e) generally taking any reasonable actions and initiatives
necessary to market and sell the Property.
The Broker will receive a commission of 6 percent of the sale price
for the sale of the Property through the efforts of the Broker
pursuant to 11 U.S.C. Sec. 328(a).
The Broker satisfies the "disinterestedness" requirements for
employment by the estate under 11 U.S.C. Sec. 327(a).
The firm can be reached at:
Brian E. Estes
ESTES & BUSH REAL ESTATE, LLC
613 Cent Circle, Ste. 102
Ridge, MS, 39157
About BNC Special Acquisitions, LLC
BNC Special Acquisitions, LLC is a real estate holding company
whose primary asset is tied to Hidden Oak Apartments, a 36-unit
multifamily property at 1515 First Avenue in Jackson, Mississippi.
BNC Special Acquisitions, LLC filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss.
Case No. 26-50980) on June 16, 2026, listing $1 million to $10
million in both assets and liabilities. The petition was signed by
Brian M. Cronin as manager.
Judge Katharine M Samson presides over the case.
Patrick Sheehan, Esq. at SHEEHAN AND RAMSEY, PLLC serves as the
Debtor's counsel.
BNT SERVICES: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: BNT Services, Inc.
BNT Windows and Doors
590 SW 9th Terrace Suite 1
Pompano Beach, FL 33069
Business Description: BNT Services, Inc., operating as BNT Impact
Windows & Doors, provides impact-window, impact-door, window-
replacement, and hurricane-shutter installation services. It also
sells windows and provides custom-window and shutter-repair
services for residential and commercial properties. Founded in
2009, the company operates from leased premises in Pompano Beach,
Florida.
Chapter 11 Petition Date: July 27, 2026
Court: United States Bankruptcy Court
Southern District of Florida
Case No.: 26-19877
Judge: Hon. Craig A Pugatch
Debtor's Counsel: Andrew Kamensky, Esq.
TAX WORKOUT GROUP
150 E Palmetto Park Rd #800
Boca Raton, FL 33432
Tel: (561) 786-0002
Email: akamensky@twg.law
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $10 million to $50 million
The petition was signed by Bret Robbins as president.
A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free on PacerMonitor at:
https://www.pacermonitor.com/view/YZCGLEI/BNT_Services_Inc__flsbke-26-19877__0002.0.pdf?mcid=tGE4TAMA
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/Y6HB4PY/BNT_Services_Inc__flsbke-26-19877__0001.0.pdf?mcid=tGE4TAMA
BNT SERVICES: Gets Interim OK to Use Cash Collateral
----------------------------------------------------
BNT Services, Inc. received interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida, Fort
Lauderdale Division, to use cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral to pay operating expenses in accordance with its
approved budget and is permitted a 10% variance for any budget
item.
The Debtor provided an initial three-week interim cash flow
forecast covering the weeks ending August 2 through August 16.
Starting with a beginning cash balance of $92,290, the Debtor
projects total retail customer collections of $383,358 (with zero
commercial A/R collections budgeted) against $349,338 in total cash
disbursements. The forecast projects a net positive cash flow of
$34,020 over the three-week period, yielding an estimated ending
cash balance of $126,310.
Prior to its Chapter 11 filing, the Debtor faced severe cash-flow
distress, mounting collection pressure, and civil litigation that
threatened to halt operations and destroy going-concern value. To
prevent an immediate operational shutdown, maintain business
continuity, and prepare for a future sale process, the Debtor needs
to use cash collateral to fund operations.
The Debtor's cash collateral is encumbered by three primary secured
creditors -- Truist Bank, N.A., the U.S. Small Business
Administration, and FHIS Finance, LLC -- which assert blanket liens
on substantially all pre-petition assets, including accounts
receivable, deposit balances, inventory, equipment, and cash
proceeds. While reserving all rights to challenge the validity,
extent, or priority of these liens upon further analysis, the
Debtor offers an interim adequate protection package to protect
secured lenders against any proven post-petition diminution in
value.
Pursuant to the interim order, the secured creditors will be
granted replacement liens on all post-petition assets, with the
same priority and validity as their 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.
Additional safeguards include insurance coverage, regular financial
reporting, and access to premises upon request.
A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=IX2YmY from PacerMonitor.com.
The next hearing is set for Aug. 18.
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. It specializes in hurricane-rated
building products designed to meet Florida's stringent windstorm
protection standards.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-19877) on July 27,
2026. In the petition signed by Bret Robbins, president, the Debtor
disclosed up to $10 million in assets and up to $50 million in
liabilities.
Judge Craig A. Pugatch oversees the case.
Andrew Kamensky, Esq., at Tax Workout Group, represents the Debtor
as legal counsel.
BNT SERVICES: Seeks to Hire Tax Workout Group as Bankruptcy Counsel
-------------------------------------------------------------------
BNT Services, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire Tax Workout Group,
P.A. and Andrew Kamensky to serve as bankruptcy counsel.
The firm will provide these services:
(a) advise the Debtor regarding its powers and duties as debtor in
possession and the operation of its business;
(b) advise the Debtor regarding compliance with this Court's
orders and the operating and reporting requirements of the Office
of the United States Trustee;
(c) prepare and prosecute motions, applications, pleadings,
orders, and other documents necessary to administer the case;
(d) represent the Debtor in negotiations with creditors and other
parties in interest;
(e) advise the Debtor regarding cash collateral, financing,
claims, asset dispositions, plan formulation, confirmation, and
case administration; and
(f) perform other legal services reasonably necessary to preserve
and maximize estate value.
Tax Workout Group, P.A. will seek compensation at hourly rates
ranging from $375 to $575 for attorneys and $95 to $150 for
paralegals and other legal-support personnel.
Andrew Kamensky's current hourly rate is $475. TWG will also seek
reimbursement of actual and necessary expenses as permitted under
Bankruptcy Code Secs. 330 and 331 and applicable orders of the
Court.
Tax Workout Group, P.A. and Andrew Kamensky are "disinterested
persons" within the meaning of the U.S. Bankruptcy Code Sec.
101(14), according to court filings.
The firm can be reached at:
Andrew Kamensky, Esq.
TAX WORKOUT GROUP, P.A.
150 E. Palmetto Park Road, Suite 800
Boca Raton, FL 33432
Telephone: (888) 282-9333
Facsimile: (866) 511-2384
Email: akamensky@twg.law
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.
BURWOOD LLC: Gets Final OK to Use Cash Collateral
-------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona entered a
final order authorizing Burwood, LLC to use cash collateral.
The order authorized the Debtor to use cash collateral for ordinary
and necessary post-petition operating expenses in accordance with
the monthly budget, subject to a 12.5% monthly budget variance.
As adequate protection, the court granted the U.S. Small Business
Administration, Essentia Funding, LG Funding, Kapfi, DLP Funding,
Libertas Funding, OnDeck, Stripe Capital, and BlueTape, Inc.
replacement liens on the Debtor's post-petition personal property,
receivables, and deposit accounts.
These liens maintain the same priority as the creditors'
pre-petition security interests and secure any diminution in the
value of their collateral resulting from the Debtor's use of cash
collateral.
The Debtor is also authorized to continue making monthly payments
of $9,702 to the SBA under its EIDL obligation.
The court ruled that the replacement liens and security interests
adequately protect the secured creditors' interests while
preserving all parties' rights to dispute the nature, validity,
priority, or characterization of the merchant cash advance lenders'
claims.
The Debtor's authority to use cash collateral will remain in effect
until confirmation of a Chapter 11 plan, conversion or dismissal of
the case, or further order of the court.
The order is available at
http://bankrupt.com/misc/BURWOODLLC_CCOrder78.pdf
About Burwood LLC
Burwood, LLC, doing business as StressLess Remodeling, is a
family-owned and operated remodeling company with offices in
Phoenix, Albuquerque, and Escondido. The company provides cabinet
refacing, kitchen remodeling, countertop resurfacing, Rubber Stone
installation, and concrete coating systems. StressLess Remodeling
serves homeowners across Arizona, New Mexico, and California,
including the Phoenix, Albuquerque, Escondido, and San Diego
markets.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 26-06345) on June 26,
2026. In the petition signed by Derek Wood, managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.
Judge Daniel P. Collins oversees the case.
Anthony Cali, Esq., at Allen, Jones & Giles, PLC, represents the
Debtor as legal counsel.
BY HOTEL: Gets OK to Use Cash Collateral Until Aug. 12
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered a
bridge order granting BY Hotel SPE-3 LLC and its affiliated debtors
extension to use cash collateral.
The bridge order extended the Debtors' authority to use cash
collateral from July 28 to August 12. It also approved a new
operating budget, which will govern the Debtors' use of cash
collateral during the extension period.
The court emphasized that the bridge order does not determine the
sufficiency of the adequate protection provided to the secured
lender and does not limit or waive the lender's right to seek
additional adequate protection or assert any rights or defenses
preserved under the prior interim order.
Except for the modifications contained in the bridge order, all
provisions of the fourth interim cash collateral order remain in
full force and effect.
The court rescheduled the final hearing to August 12, at 2:00 p.m.
(ET).
About By Hotel SPE-3
By Hotel SPE-3, LLC is a hospitality investment company
specializing in the ownership and management of hotel properties.
As a special purpose entity, By Hotel SPE-3 focuses on managing
hotel-related assets and supporting hospitality operations.
By Hotel SPE-3 and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10324) on
March 8, 2026. In its petition, By Hotel SPE-3 reported between
$100 million and $500 million in both assets and liabilities.
Judge J. Kate Stickles oversees the cases.
The Debtors tapped Rafael X. Zahralddin-Aravena, Esq., and Scott D.
Cousins, Esq., at Lewis Brisbois Bisgaard & Smith, LLP as
bankruptcy counsel; and Getzler Henrich & Associates, LLC as
financial advisor. Stretto, Inc. is the Debtors' claims and
noticing agent and administrative advisor.
CAPTAIN BLIGH'S: Hires Shumaker Loop & Kendrick as Special Counsel
------------------------------------------------------------------
Captain Bligh's Landing, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Shumaker, Loop & Kendrick, LLP as special counsel.
The firm will investigate and assert claims against the Debtor's
equity security holders, its landlord, and their owners and
operators and processors (collectively, the "Litigation Claims") as
well as additional related litigation with a common nexus.
The firm will be paid at the hourly rate of $105 to $850 per hour.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Berman disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
Steven M. Berman, Esq.
Shumaker, Loop & Kendrick, LLP
101 E. Kennedy Blvd., Suite 2800
Tampa, FL 33602
Phone: (813) 229-7600
Email: sberman@shumaker.com
About Captain Bligh's Landing, Inc.
Captain Bligh's Landing, Inc. operates an 18-hole themed miniature
golf course featuring caves, waterfalls, and a pirate-ship
structure on Clearwater Beach, Florida. The Company provides
family-oriented recreational and arcade entertainment at its
facility on South Gulfview Boulevard, serving local residents and
tourists.
Captain Bligh's Landing filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
25-08562) on November 14, 2025, with $2,011,893 in assets and
$317,736 in liabilities. Anastasios Anastasopoulos, president,
signed the petition.
Judge Catherine Peek Mcewen presides over the case.
Jake C. Blanchard, Esq. at BLANCHARD LAW, P.A. represents the
Debtor as legal counsel.
CAROLINA EARTHWERX: Gets OK to Use Cash Collateral
--------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina entered a third order authorizing Carolina Earthwerx, LLC
to continue using cash collateral.
Under the order, the Debtor is authorized to use cash collateral in
accordance with its August 1–31 budget, subject to a 10%
line-item variance. If higher sales require additional
ordinary-course expenditures beyond the budget, the Debtor may
exceed the limit with the consent of the Bankruptcy Administrator
and the Trustee.
The Debtor projects 30-Days total operational expenses of
$49,195.97.
As adequate protection, the secured creditors' prepetition liens
extend to post-petition assets to the extent their prepetition
liens were valid, perfected, enforceable, and unavoidable. However,
the Debtor reserves the right to challenge the validity and
priority of the secured creditors' prepetition liens, and no new
liens are granted on asset types that were not previously subject
to valid liens.
The order requires the Debtor to remain current on all
post-petition tax obligations, prohibits the sale of assets outside
the ordinary course without secured creditor consent and court
approval where required.
The order remains effective until August 31, unless replaced or
terminated earlier by the court.
A further hearing is scheduled for August 20.
About Carolina Earthwerx LLC
Carolina Earthwerx, LLC provides excavation, grading, and
land-clearing services in eastern North Carolina.
Carolina Earthwerx filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02509) on June
3, 2026, with up to $500,000 in assets and up to $10 million in
liabilities. Cody Kubinak, member, signed the petition.
Judge Pamela W. McAfee oversees the case.
George Mason Oliver, Esq., at The Law Offices of George Oliver,
PLLC, represents the Debtor as bankruptcy counsel.
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina appointed John Rhyne as Subchapter V trustee for the
Debtor.
CARRIAGE SQUARE: Hires Dunham Hildebrand Payne as Counsel
---------------------------------------------------------
Carriage Square LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Tennessee to employ Dunham Hildebrand
Payne Waldron, PLLC as counsel.
The firm's services include:
a. rendering legal advice with respect to the rights, power,
and duties of the Debtor in the management of its assets;
b. investigating and, if necessary, instituting legal action
on behalf of the Debtor to collect and recover assets of the estate
of the Debtor;
c. preparing all necessary pleadings, orders and reports with
respect to this proceeding and to render all other necessary or
proper legal services;
d. assisting and counseling Debtor in the preparation,
presentation, and confirmation of a plan of reorganization;
e. representing Debtor as may be necessary to protect its
interests; and
f. performing all other legal services that may be necessary
and appropriate in the general administration of Debtor's estate.
The firm's current standard hourly rates are $525-$575 per hour for
attorneys and $200 to $225 per hour for paralegals.
The firm has received a retainer of $26,738.
As disclosed in the court filings, Dunham Hildebrand Payne Waldron,
PLLC does not believe it represents any interest adverse to Debtor
or Debtor's estate and is believed to be a "disinterested person"
under Bankruptcy Code Secs. 101(14) and 327.
The firm can be reached through:
R. Alex Payne, Esq.
Dunham Hildebrand Payne Waldron, PLLC
9020 Overlook Blvd, Ste 316
Brentwood, TN 37027
Tel: (629) 777-6539
Email: alex@dhnashville.com
About Carriage Square LLC
Carriage Square LLC, filed a Chapter 11 bankruptcy petition (Bankr.
M.D. Tenn. Case No. 3:26-bk-03577) on July 28, 2026. The Debtor
hires Dunham Hildebrand Payne Waldron, PLLC as counsel.
CENTENE CORP: Moody's Affirms 'Ba1' CFR, Outlook Negative
---------------------------------------------------------
Moody's Ratings has affirmed Centene Corporation's (Centene)
long-term corporate family rating and senior unsecured debt ratings
at Ba1. Moody's have also affirmed the Baa1 insurance financial
strength ratings of its six rated operating subsidiaries, including
the following: Bankers Reserve Life Ins. Co. of Wisconsin,
Coordinated Care Corp Indiana, Inc., Health Net of California,
Inc., Managed Health Services Insurance Corp., Peach State Health
Plan, Inc. and Superior HealthPlan, Inc. The outlook for these
entities remains negative.
RATINGS RATIONALE
The ratings affirmation reflects Centene's large scale and
leadership in both Medicaid and the Individual Market, improved
operating performance through the first six months of 2026
following weak results in 2025, as well as improved leverage and
cash flow metrics as of June 30, 2026.
The company reported improved EBITDA margins reflecting higher
pricing and better risk selection across the portfolio, which
contributed to an 149% increase in net earnings attributable to
Centene to $2,632 million compared with the prior year level. The
health benefit ratio (HBR) improved to 88.4% for the first six
months of 2026, compared with 90.2% during the same period in 2025.
Leverage also improved with debt/cap and debt/EBITDA metrics
(including Moody's adjustments) at an estimated 42.7% and 3.4x,
respectively, as of June 30, 2026, compared with 47.5% and 6.8x,
respectively, at year-end 2025, reflecting a combination of debt
repayment and improved earnings.
While Centene's total at-risk membership dropped to 25.9 million
members as of June 30, 2026, from 28 million members as of June 30,
2025, with a significant drop in the number of Marketplace (ACA)
members and to a lesser extent in the Medicaid segment, the lower
membership figures reflect Centene's renewed focus on improving
profitability across its portfolios through increased pricing to
better reflect acuity and loss cost trends. Moody's expects
Centene's continued focus on profitability through better pricing
as well as expense control initiatives to help sustain the
company's improved operating performance over the next year.
Centene is a pure play government-focused health insurer including
Medicaid, Medicare and the individual market. Similar to other
peers in the health insurance industry, Centene has faced margin
pressure across its lines of business due to high medical cost
trends including high utilization levels that have been
persistently above the company's pricing expectations.
Moody's change in the outlook to negative in July 2025 reflected
Centene's announcement that its original risk adjustment revenue
transfer expectations in the individual market were materially
inconsistent with actual performance, contributing to significantly
weaker operating performance in 2025. While the company's results
through the first six months of 2026 are a significant improvement
relative to year-end 2025 metrics, Moody's have maintained the
negative outlook reflecting the relatively short history of the
company's operating performance improvements, ongoing challenges in
the industry driven by continued high medical cost trends and an
evolving regulatory environment. A return to a stable outlook for
Centene would require the company demonstrating sustained improved
operating performance and leverage metrics over a longer period, at
least over the next 6-12 months.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Centene's outlook could return to stable over the next 6-12 months
if the following occurs: 1) sustained improved performance in
Medicaid, Medicare and the Individual Market as measured by
earnings and margins; 2) debt/EBITDA with Moody's adjustments
sustained below 3.5x with debt/cap below 45% and 3) risk based
capital ratio above 200% of company action level (CAL).
Conversely, the ratings of Centene could be downgraded if the
following occurs: 1) significant deterioration in EBITDA margins
and earnings; 2) Debt/capital with Moody's adjustments sustained
above 45% and/or debt/EBITDA above 4.0x; 3) Risk based capital
ratio is sustained below 175% of the company action level (CAL).
Centene is a healthcare provider offering government-sponsored and
commercial healthcare programs. The group is headquartered in St.
Louis, Missouri. Centene reported total revenues of $103.5 billion
for the first six months of 2026, and total shareholders' equity of
$22.6 billion and at-risk membership of 25.9 million as of June 30,
2026.
The principal methodology used in these ratings was US Health
Insurers published in February 2024.
CES MAIL: Gets Extension to Access Cash Collateral
--------------------------------------------------
CES Mail Communications, Inc. received another extension from the
U.S. Bankruptcy Court for the Eastern District of North Carolina,
Raleigh Division, to use cash collateral.
The court entered a fourth interim order approving the Debtor's
continued use of cash collateral to fund its operations in
accordance with its budget. The Debtor may spend as much as 10%
more if needed.
The Debtor's access to cash collateral ends upon cessation of
business operations or upon default or noncompliance with the
interim order.
The Debtor identifies two potentially secured creditors based on
UCC financing statements filed with the North Carolina Secretary of
State: Bank of Oak Ridge and Corporation Service Company as
representative for an unnamed creditor.
To protect the interests of any potential secured creditor, CES
Mail offers a replacement lien on post-petition assets to the
extent cash collateral is used.
The order is available at https://h1.nu/1AzhB
The next hearing will be held on August 20.
About CES Mail Communications Inc.
CES Mail Communications, Inc. provides direct mail and data
processing services, including data management, fulfillment, sample
production, variable data printing, warehousing and mailing
support. The Raleigh, North Carolina-based company serves customers
seeking mass mailing, direct mail advertising and related
communications services.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02033) on May 4,
2026, with up to $500,000 in assets and up to $10 million in
liabilities. Mory A. Read, president, signed the petition.
Judge Pamela W. McAfee oversees the case.
William P. Janvier, Esq., at Stevens Martin Vaughn & Tadych, PLLC,
represents the Debtor as legal counsel.
CHAMPIONS FINANCING: Moody's Alters Outlook on Caa1 CFR to Positive
-------------------------------------------------------------------
Moody's Ratings changed the outlook for Champions Financing, Inc.
("Crash Champions") to positive from stable. At the same time,
Moody's affirmed Crash Champions' Caa1 corporate family rating,
Caa1-PD probability of default rating and the Caa1 ratings on the
senior secured first lien term loan, senior secured first lien
notes, and senior secured first lien revolving credit facility.
The affirmations and the positive outlook reflect the improving
performance of Crash Champions as reflected by its increasing
positive same store sales and higher EBITDA which has led to an
improvement in debt/EBITDA to 7.7x for the LTM ending June 30, 2026
from 10x at year-end 2024 while EBITA/interest expense has also
improved to 0.6x from 0.2x over the same period. Over the next
12-18 months, Moody's expects debt/EBITDA to improve to the mid 6x
range and EBITA/interest expense to approach 1x on the back of
increased volume from new insurance partners and the strength of
Crash Champions' relationships with existing insurance partners,
efficiencies from cost savings initiatives as well as from new unit
growth. Moody's expects that moderating industry headwinds that
negatively impacted the industry in 2024/25 will also support
credit metrics improving over the next 12 months.
RATINGS RATIONALE
Crash Champions' Caa1 CFR is supported by its solid market position
as the third largest multi-store operator (MSO) with 651 stores
throughout the US in the highly-fragmented collision repair
industry. The rating is also supported by Crash Champions'
relationships with leading national insurance carriers, which
represent the majority of the company's revenues and earnings.
Additionally, long-term demand fundamentals are favorable as
vehicle mileage grows and repair severity, driven by the complexity
of vehicle technology, continues to rise. The Caa1 CFR also
reflects aggressive financial strategies under private equity
ownership with a tolerance for high leverage, weak interest
coverage and a reliance on external source of funding to fund a
portion of the company's growth capital spend. It also reflects the
company's adequate liquidity.
The positive outlook reflects Moody's expectations that Crash
Champions will continue to improve its operating performance and
credit metrics, refrain from any shareholder distributions and will
maintain at least adequate liquidity.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Ratings could be upgraded should Crash Champions' EBITA/interest
coverage is sustained above 1.0x or if Crash Champions demonstrates
sustained positive free cash flow to debt. Adequate liquidity,
consistency in meeting operational and financial targets and
internally funding discretionary growth initiatives are required
for an upgrade of the ratings.
The ratings could be downgraded should liquidity weaken or should
operating performance fail to improve. Debt-funded shareholder
distributions that increase leverage or if the likelihood of
default increases for any reason are also factors for a downgrade.
Champions Financing, Inc. is a leading provider of vehicle body
repair services with revenue of approximately $2.9 billion for the
twelve-month period ended June 2026. The company operates under the
Crash Champions brand name and has 651 stores throughout the US.
The company is majority-owned and controlled by affiliates of
Clearlake Capital Group, a private equity firm.
The principal methodology used in these ratings was Retail and
Apparel published in September 2025.
CHEESE SHOP: Court Extends Cash Collateral Access to Aug. 31
------------------------------------------------------------
The Cheese Shop, LLC received a one-month extension from the U.S.
Bankruptcy Court for the Middle District of North Carolina to use
cash collateral.
The court entered a third interim order authorizing the Debtor to
use cash collateral through August 31 in accordance with an
approved budget, which projects total operational expenses of
$75,493.75 for August. Budget line items must not exceed approved
amounts by more than 10% without prior written consent from secured
creditors, the Subchapter V trustee, and the U.D. Bankruptcy
Administrator.
Creditors claiming security interests in the Debtor's assets that
constitute cash collateral include Carolina Community Impact, Inc.,
WebBank and unidentified creditors represented by Corporation
Service Company.
Secured creditors will be granted adequate protection through
replacement liens on the Debtor's post-petition collateral, with
the same validity, priority and extent as their pre-petition liens.
In addition, Carolina Community Impact will receive a monthly
payment of $1,046 by August 30, 2026, while Ally Bank will receive
$348.75 per month beginning August 1, 2026. The debtor must also
pay $1,000 toward the Subchapter V trustee's fees by August 30,
2026.
The Debtor is required to maintain insurance, refrain from
disposing of assets outside the ordinary course of business without
consent, and comply with ongoing reporting and operational
obligations as additional safeguards.
The interim order remains effective through August 31, unless
terminated earlier by court order, default, or agreement. A default
may occur if the Debtor violates the order, misuses cash
collateral, fails to file a required Chapter 11 plan, loses
insurance coverage, or ceases operations.
Objections to continued use of cash collateral must be filed by
August 21. If objections are filed, a further hearing will be held
on August 25.
The order is available at https://shorturl.at/2TTiN
About The Cheese Shop LLC
The Cheese Shop LLC, doing business as Wedgewood Cheese Bar,
operates a cheese bar and cheese and wine shop in Carrboro, North
Carolina. It offers cheese-forward food service, cheese boards,
wine and other beverages, catering and private dining, events and
classes, gift cards, and a food-focused blog.
The Cheese Shop sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-80175) on May 29,
2026, with $100,001 to $500,000 in assets and $1 million to $10
million in liabilities. Daniel Bruton serves as Subchapter V
trustee for the Debtor.
Judge Benjamin A. Kahn presides over the case.
Jason L. Hendren, Esq., at Hendren, Redwine & Malone, PLLC
represents the Debtor as legal counsel.
CHEFS' WAREHOUSE: S&P Upgrades ICR to 'BB-' on Lower Leverage
-------------------------------------------------------------
S&P Global Ratings upgraded U.S.-based food service distributor The
Chefs' Warehouse Inc.'s to 'BB-' from 'B+', reflecting its
expectations for lower S&P Global Ratings-adjusted leverage. S&P
also assigned its 'BB-' issue-level rating and '3' recovery rating
(rounded estimate: 55%) to the proposed first-lien term loan.
The stable outlook reflects S&P's expectation that Chefs' will
continue expanding scale and its EBITDA base with leverage below
3x.
Chefs' is issuing a new $625 million first-lien term loan that it
will use primarily to refinance its first-lien term loan and redeem
convertible senior notes.
The company has outperformed S&P Global Ratings' expectations and
taken significant market share while increasing profitability and
its EBITDA base. Chefs' also recently tightened its
company-calculated target net leverage range to 1.5x-2.5x.
The upgrade reflects S&P's expectations for lower leverage and
strong performance trends. Chefs' increased revenue 12.9%
year-over-year in the second quarter of 2026 to $1.17 billion,
primarily driven by market share gains in high-value specialty
segments and a resilient customer base within high-end fine dining.
Operational efficiency initiatives to optimize distribution routes,
integrate past acquisitions, and improve leverage of fixed costs
enabled S&P Global Ratings-adjusted EBITDA margin expansion to 7.6%
on a trailing-12-months basis in the first quarter. Furthermore,
the company has tightened its target net leverage range by half a
turn to between 1.5x and 2.5x (company-defined), indicating its
intention to operate with lower leverage.
S&P said, "We forecast EBITDA margins of 7.6% this year and 7.8%
next year, leading to adjusted EBITDA of about $340 million in 2026
and $380 million in 2027. Margin expansion is driven by effective
pricing and product cost management as well as greater leverage of
operating costs amid strong revenue growth. Gross margin rate in
the specialty and center-of-the-plate categories expanded in the
first half of 2026. Considering the tightened leverage target, we
expect the company will pay down its asset-based lending (ABL)
facility over the next few years. We forecast adjusted leverage of
near 3x at the end of this year and 2.7x next year, with leverage
generally below 3x. As a result, we revised our financial risk
profile to intermediate from significant. Additionally, despite
good performance trends, Chefs' limited size, scale, and customer
diversity continues to lag higher rated peers, causing us to apply
a negative comparable rating modifier to the rating."
The proposed refinancing will increase near-term leverage. Chefs'
is issuing a $625 million first-lien term loan to refinance its
first-lien term loan and fully redeem its convertible senior notes.
To facilitate the transaction and pay the significant convertible
note premium, Chefs' will issue common stock and use cash from its
balance sheet. As a result, pro forma leverage will increase to
about 3.2x, from 2.8x after the second quarter. While the
transaction will increase leverage, S&P expects growth in the
company's EBITDA base and repayment on its ABL will reduce leverage
to near 3x by the end of the year.
Chefs' will continue shareholder returns and growth investments at
lower leverage. S&P said, "We forecast reported free operating cash
flow (FOCF) for 2026 and 2027 between $145 million and $170
million, driven by improved profitability and working capital
compared with last year. Next year, we expect working capital will
normalize to roughly $50 million. We expect about $45 million-$55
million in annual capital expenditure (capex) over the next few
years, with about 70% of the spending on growth investments to
expand capacity, operating scale, and technology." Chefs' will
maintain an opportunistic approach to acquisitions, prioritizing
tuck-in opportunities that strengthen its product assortment or
expand its market presence.
S&P said, "We believe Chefs' has sufficient cash flow and liquidity
to pay down its ABL facility and undertake $30 million-$40 million
in annual share buybacks.
"The stable outlook reflects our expectation that Chefs' will
continue to generate solid FOCF and maintain adjusted leverage of
around 3x as organic revenue growth and improving operating
efficiencies contribute to EBITDA expansion."
S&P could lower its ratings on Chefs' if S&P expects it to sustain
S&P Global Ratings-adjusted leverage above 3.5x. This could occur
if:
-- The company pursues significant debt-funded acquisitions or
shareholder returns that erode credit metrics; or
-- Operating performance becomes pressured due to a weaker
economic environment that reduces restaurant spending, heightened
competition, or integration challenges, weakening earnings and FOCF
relative to S&P's base case.
S&P could raise its ratings on Chefs' if S&P expects it to sustain
S&P Global Ratings-adjusted leverage below 2.5x. This could occur
if:
-- Chefs' continues to increase revenue at or above the industry
rate, demonstrating sustained market share growth;
-- The company expands profitability through topline growth while
maintaining or increasing its margin rate; and
-- It demonstrates a financial policy and capital allocation that
supports sustaining adjusted leverage below 2.5x.
CHEROKEE HOLDINGS: Plan Confirmation Hearing Scheduled for Sept. 23
-------------------------------------------------------------------
Judge D. Sims Crawford of the U.S. Bankruptcy Court for the
Northern District of Alabama conditionally approved the Amended
Disclosure Statement describing Plan of Reorganization of Cherokee
Holdings, LLC.
Acceptances or rejections of the Plan of Reorganization must be in
writing, and to be counted must be received by William Wesley
Causby, Debtor's attorney, P.O. Box 4054, Montgomery, Alabama
36103, on September 9, 2026 at 5:00 p.m.
Any objections to confirmation of the Plan of Reorganization must
be in writing and must be filed with the Clerk on or before
September 16, 2026, together with proof of service on the Debtor's
attorney.
A hearing on confirmation of the Plan of Reorganization will be
held on September 23, 2026, at 9:30AM in Courtroom No. 1 of the
Robert S. Vance Federal Building, 1800 Fifth Avenue North,
Birmingham, Alabama 35203.
As shared by the Troubled Company Reporter, the Debtor is owned by
Steve Dickey and Jeff Gilmer (collectively, the "Owners"), who each
have 50% membership interests in the Debtor.
The Debtor owns real property located at 3950 Pinson Valley
Parkway, Birmingham, Alabama 35217 (the "Property"), which is
subject to a mortgage held by SouthPoint Bank. The Debtor has no
other significant assets. The Debtor leases the Property to
Cherokee Water Restoration, LLC ("CWR"), which is also owned in
equal membership interests by the Owners. (The Owners and CWR will
be collectively referred to as the "Affiliates").
The Owners are currently attempting to sell CWR's business
operation, including the Property, as a going concern. They have
been marketing the operation with Paul Davis's knowledge and
cooperation, and they are in discussions with multiple interested
parties. The Owners are hopeful that a deal to sell the operation
can be reached in the next three months. The Owners anticipate that
a successful sale of the business operation would be sufficient to
fully satisfy the Debtor's liabilities.
Class 2 consists of general unsecured claims held by non-insiders
that are not contingent and are not secured by any surrendered or
third-party collateral. The only claim falling within this class is
Claim 2, filed by the Internal Revenue Service, in the amount of
$400.00.
The Debtor shall pay Claim 2 on the earlier date of (a) 30 days
after the completion of any sale of (i) the Property or (ii) CWR's
business operation, or (b) December 31, 2026. This class is
impaired and is entitled to vote.
Class 3 consists of Equity Security Interests. Dickey and Gilmer
shall each conditionally retain their 50% membership interests in
the Debtor. On the earlier date of (a) 30 days after the completion
of any sale of (i) the Property or (ii) CWR's business operation,
or (b) November 30, 2026, the Owners shall pay the Debtor's estate
an amount sufficient to fully satisfy the allowed claims of Class
2. If the Owners fail to meet this deadline, they will forfeit
their membership interests in the Debtor to the members of Class
2.
The Debtor's counsel shall pay all court-approved administrative
expenses out of funds held in trust, prioritizing its own approved
fees and expenses. To the extent that funds held by the Debtor's
counsel are insufficient to satisfy the Debtor's administrative
expenses, the Debtor shall fully satisfy said expenses at the later
of (a) 30 days after court approval of the administrative expense
or (b) 60 days after entry of the order confirming the Plan.
The Debtor shall use funds paid by CWR pursuant to their lease
agreement to fund payments required by the Plan.
A full-text copy of the Combined Amended Disclosure Statement and
Plan dated July 14, 2026 is available at
https://urlcurt.com/u?l=qa1QHq from PacerMonitor.com at no charge.
Counsel to the Debtor:
Wm. Wesley Causby, Esq.
Memory Memory & Causby, LLP
P.O. Box 4054
Montgomery, AL 36103
Tel: (334) 834-8000
Email: smemory@memorylegal.com
A copy of the Court's Order dated July 22, 2026, is available at
https://urlcurt.com/u?l=QRZNj0 from PacerMonitor.com.
About Cherokee Holdings
Cherokee Holdings, LLC, owns real property located at 3950 Pinson
Valley Parkway, Birmingham, Alabama 35217 (the "Property").
The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-00397) on Feb.
3, 2026, listing $1,000,001 to $10 million in both assets and
liabilities.
Judge D Sims Crawford presides over the case.
Stuart H. Memory, Esq. at Memory, Memory & Causby, LLP, serves as
the Debtor's counsel.
CHERRY BUTTE: Case Summary & Eight Unsecured Creditors
------------------------------------------------------
Debtor: Cherry Butte Company
Subway Sandwich Shop
6369 100th Avenue SW
Regent, ND 58650
Business Description: Cherry Butte Company operates three Subway
sandwich restaurants in Dickinson, North Dakota, offering made-to-
order sandwiches, wraps, salads and related food and beverage
products. Founded in 2007, the company is based in Regent,
North Dakota.
Chapter 11 Petition Date: July 21, 2026
Court: United States Bankruptcy Court
District of North Dakota
Case No.: 26-30564
Judge: Hon. Shon Hastings
Debtor's Counsel: Karl Johnson, Esq.
MJB LAW FIRM PLLC
150 South Fifth Street Ste 3100
Minneapolis MN 55402
Email: karl@mjblawmn.com
Debtor's
Financial
Consultant: GREG GADEL AND RESTAURANT & RETAIL
SOLUTIONS, INC.
Total Assets: $19,250
Total Liabilities: $1,869,580
The petition was signed by Katie C. Nasset as president.
A full-text copy of the petition, which includes a list of the
Debtor's eight unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/O6WDIRA/Cherry_Butte_Company__ndbke-26-30564__0001.0.pdf?mcid=tGE4TAMA
CHINO CENTRAL: Seeks to Extend Plan Exclusivity to Oct. 20
----------------------------------------------------------
Chino Central Group, LLC asked the U.S. Bankruptcy Court for the
Central District of California to extend its exclusivity periods to
file a plan of reorganization and obtain acceptance thereof to Oct.
20 and Dec. 21, 2026, respectively.
The Debtor is a co-owner of the Chino Towne Center, a shopping
center located at 12125 Central Avenue, Chino, CA 91710 (the
"Property"). The Property was appraised as having an as-is value of
approximately $29 million as of February 2025.
It is encumbered by liens in favor of Western Alliance Bank and
Nano Banc in the total estimated amount of approximately $19.1
million. There is a third lien of record in favor of Cantor Group
V, LLC, that is disputed and which was pledged as collateral by
Cantor Group V, LLC to Western Alliance Bank in connection with a
different loan.
The Debtor explains that although the plan will not be a
complicated one given that it will be funded in substantial part
through a sale of the Property, the company does not currently have
accurate financial information that will support its feasibility.
The Debtor is going to need to continue to operate pending the sale
and it is presently unclear whether the Debtor has sufficient cash
flow without a source of financing to get through a sale of the
Property.
The Debtor claims that it is under new management so lacks
historical knowledge of the Debtor's financial conditions and the
historical financials may not have been entirely accurate in any
event. To allow the Debtor sufficient time to gauge its financial
performance and determine exactly how it will exit this case, the
Debtor requires additional time to formulate its disclosure
statement and plan.
Chino Central Group LLC is represented by:
Kyra E. Andrassy, Esq.
Raines Feldman Littrell LLP
4675 MacArthur Court, Suite 1550
Newport Beach, CA 92660
Telephone: (310) 440-4100
Facsimile: (310) 691-1943
About Chino Central Group LLC
Chino Central Group LLC is a single asset real estate company.
Chino Central Group LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10925) on March 24,
2026, with between $10 million and $50 million in both assets and
liabilities.
Honorable Bankruptcy Judge Scott C. Clarkson handles the case.
The Debtor is represented by Kyra E. Andrassy, Esq., at Raines
Feldman Littrell, LLP.
CLACKAMAS PHYSICAL: Seeks Cash Collateral Access
------------------------------------------------
Clackamas Physical Therapy Associates, Inc. asks the U.S.
Bankruptcy Court for the District of Oregon for authority to use
cash collateral and provide adequate protection, on a final basis.
Specifically, the Debtor needs to use cash collateral to cover
normal ongoing operating expenses in the amount of $180,219, as
outlined in its attached itemized budget.
The Debtor's prepetition collateral is encumbered by UCC financing
statements filed in Oregon covering all tangible and intangible
personal property. The Small Business Administration is identified
as the senior, principal secured creditor and likely the only true
secured party, having filed its UCC security interest first in time
on August 25, 2020. Because the SBA holds a superior claim over all
active UCC filings relative to junior lienholders, it has an
enforceable security interest in the Debtor's ongoing business
revenue and cash collateral. Following preliminary cash collateral
approvals granted by the Court at hearings on July 14 and July 27,
a final hearing on the motion and operating budget is scheduled for
August 21. The Debtor notes that it has no alternative credit
sources available and intends to negotiate a stipulated cash
collateral order with the SBA prior to the final hearing to support
its eventual Chapter 11 plan confirmation.
To provide adequate protection to the SBA and any junior
lienholders for the postpetition use of cash collateral, the Debtor
offers automatically granted replacement liens on postpetition
estate property of the same type and character as the prepetition
collateral. Additionally, the Debtor proposes to make a monthly
adequate protection payment of $1,000 directly to the SBA, an
expense already factored into the proposed budget. The Debtor
stresses that access to cash collateral is vital for its survival;
without it, the company would be forced to cease operations and
undergo a distressed liquidation for below-market value, causing
irreparable harm to the bankruptcy estate and resulting in
significant losses for all creditors, particularly general
unsecured creditors.
A final hearing is scheduled for August 21.
A copy of the motion is available at https://urlcurt.com/u?l=Xs5cGc
from PacerMonitor.com.
About Clackamas Physical Therapy Associates, Inc.
Clackamas Physical Therapy Associates, Inc. filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. Ore. Case No. 26-32404) on July 10, 2026, listing $100,001 to
$500,000 in assets and $1,000,001 to $10 million in liabilities.
Judge Peter C Mckittrick presides over the case.
Theodore J. Piteo, Esq. at Michael D O'Brien & Associates, P.C.
serves as the Debtor's counsel.
CLEARLY AMAZING: Seeks to Use Cash Collateral
---------------------------------------------
Clearly Amazing Outlook, LLC asks the U.S. Bankruptcy Court for the
District of Rhode Island for authority to use cash collateral and
provide adequate protection.
The Debtor strongly disputes that any merchant cash advance lender
holds a valid, perfected, or enforceable lien against estate
assets, arguing that the underlying prepetition transactions
constitute disguised, usurious loans rather than true sales of
future receivables. However, because MCA Lenders filed UCC-1
financing statements asserting security interests in the Debtor's
accounts receivable, the Debtor seeks formal authorization under 11
U.S.C. section 363(c)(2) to use these operational receipts in the
ordinary course of business to fund payroll, rent, utilities,
insurance, taxes, and other core expenses necessary to preserve
going-concern value and facilitate Chapter 11 reorganization.
The Debtor explicitly notes that filing this request does not
constitute an admission of line validity and reserves all rights to
contest the priority and enforceability of any MCA security
interests or pursue usury claims.
If the Court determines that any MCA Lender is entitled to adequate
protection under 11 U.S.C. section 363, the Debtor proposes to
maintain business operations, preserve the receivables as part of
the going concern, and provide any additional protection deemed
appropriate by the Court.
In the proposed order, the Debtor would be granted retroactive
authority (effective back to the June 10 petition date) to use cash
collateral for ordinary operating expenses, while explicitly
reserving all estate rights to challenge MCA claims and confirming
that the order makes no determination as to the validity of any MCA
Lender's asserted security interest.
A court hearing will be held on August 19.
A copy of the motion is available at https://urlcurt.com/u?l=Cxpqpl
from PacerMonitor.com.
About Clearly Amazing
Outlook LLC
Clearly Amazing Outlook LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. R.I. Case No. 26-10545) on June
10, 2026, with $1 million to $10 million in both assets and
liabilities.
Judge John A Dorsey Jr oversees the case.
Richard J. Land, Esq. at Chace Ruttenberg & Freedman, LLP
represents the Debtor as legal counsel.
CLINTON ASSOCIATES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Clinton Associates LLC
438-440 W 45th St.
New York, NY 10036
Business Description: Clinton Associates LLC is a single-asset
real estate company (as defined in 11 U.S.C.
Section 101(51B)).
Chapter 11 Petition Date: July 30, 2026
Court: United States Bankruptcy Court
Eastern District of New York
Case No.: 26-43653
Judge: Hon. Elizabeth S. Stong
Debtor's Counsel: Kevin Nash, Esq.
GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
125 Park Ave
New York, NY 10017-5690
E-mail: knash@gwfglaw.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Lee Buchwald as chief restructuring
officer.
The Debtor did not submit a list of its 20 largest unsecured
creditors along with the petition.
The complete Chapter 11 Petition is available free of charge
through PacerMonitor at:
https://www.pacermonitor.com/view/WSSGRJQ/Clinton_Associates_LLC__nyebke-26-43653__0001.0.pdf?mcid=tGE4TAMA
COSMETIC MEDICINE: Gets Interim OK to Use Cash Collateral
---------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida
entered a second interim order authorizing Cosmetic Medicine
Enterprises Inc., and affiliates to continue using cash
collateral.
Under the order, the Debtors are authorized to use cash collateral
in accordance with the approved budget, subject to a 10% variance
for any individual budget line item, to pay ordinary operating
expenses, Chapter 11 administrative expenses, and other
expenditures specifically approved by the Court. This authorization
remains effective until a final order is entered, the court
modifies or terminates the relief, or a termination event occurs.
As adequate protection, the secured creditors will be granted
replacement liens on the Debtors' post-petition cash collateral
with the same validity, extent, and priority as their pre-petition
liens. The Debtors must also provide periodic financial reports on
income and expenses.
The order preserves all parties' rights to challenge the validity,
priority, or perfection of any asserted liens or to seek additional
or different adequate protection.
The authorization to use cash collateral will terminate
automatically if any case is converted to Chapter 7 or dismissed, a
Chapter 11 trustee is appointed, or the court orders otherwise.
A copy of the court's order is available at
https://shorturl.at/Wx37m from PacerMonitor.com.
About Cosmetic Medicine Enterprises Inc.
Cosmetic Medicine Enterprises Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02756)
on April 3, 2026. In the petition signed by Marissa Morris Harrell,
manager, the Debtor disclosed up to $10 million in both assets and
liabilities.
Steve M. Berman, Esq., at Shumaker LLP, represents the Debtor as
legal counsel.
DAMIS HOLDINGS: Affiliates Get Extension to Use Cash Collateral
---------------------------------------------------------------
DAMIS Holdings, LLC's affiliates received another extension from
the U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of
New Jersey to use the cash collateral of their pre-petition
lenders.
The court authorized Rocking Horse Ranch LandCo, LLC and Rocking
Horse Ranch OperatingCo,
LLC to use the lenders' cash collateral until August 17, the
effective date of a Chapter 11 plan, or conversion of their'
Chapter 11 cases to Chapter 7, whichever occurs first.
The pre-petition lenders are Visions Federal Credit Union, Mizzen
Capital, LP, Mizzen Capital II, LP, and Mizzen Management, LLC.
Visions holds a lien on some of the Debtors' personal property
securing an $18.65 million loan while the Mizzen lenders hold liens
on all assets of the Debtors and their guarantors.
Pursuant to the interim order, the lenders will be granted adequate
protection through interest payments at the contractual non-default
rate, replacement liens on post-petition collateral, and a
superpriority administrative expense claim, subject to the carveout
for court fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of the
lenders' pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/iJvLg from PacerMonitor.com.
A final hearing will be held on August 12.
Visions, as lender, is represented by:
Bond, Schoeneck & King, PLLC
Justin S. Krell, Esq.
68 South Service Road
Suite 400
Melville, NY 11747-9750
Telephone: (631) 761-0800
jkrell@bsk.com
-and-
Bond, Schoeneck & King, PLLC
Andrew S. Rivera, Esq.
Alexis M. Takashima, Esq.
One Lincoln Center
110 West Fayette Street
Syracuse, NY 13202
Telephone: (315) 218-8351
arivera@bsk.com
atakashima@bsk.com
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DAMIS HOLDINGS: Affiliates Get OK to Use BNH's Cash Collateral
--------------------------------------------------------------
The U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of
New Jersey entered an interim order granting DAMIS Holdings, LLC's
affiliates another extension to use their pre-petition lender's
cash collateral.
Under the interim order, 2195 Harlem Road Real Estate, LLC and 2195
Harlem Road Leasing, LLC are authorized to use the cash collateral
of the Bank of New Hampshire to fund their operations based on the
court-approved budget.
The Debtors' authority to access cash collateral expires on August
17, the effective date of a Chapter 11 plan, or conversion of the
Debtors' Chapter 11 cases to Chapter 7, whichever occurs first.
Prior to the petition date, the Bank of New Hampshire provided an
$11 million loan to the Debtors, which is secured by a leasehold
mortgage on the Thruway Plaza property, an assignment of leases and
rents, and first-priority security interests in substantially all
of the Debtors' personal property.
As of the petition date, the Debtors owed the lender approximately
$10.68 million, plus interest, fees and expenses.
Under the interim order, the Bank of New Hampshire will be granted
adequate protection in the form of interest payments at the
contractual non-default rate, replacement liens on post-petition
collateral, and a superpriority administrative expense claim,
subject to the carveout for court fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of the
lender's pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://h1.nu/1Az4B from PacerMonitor.com.
A final hearing is scheduled for August 12.
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DAMIS HOLDINGS: Affiliates Get OK to Use Busey's Cash Collateral
----------------------------------------------------------------
DAMIS Holdings, LLC's affiliates received another extension from
the U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of
New Jersey to use the cash collateral of Busey Bank, an Illinois
banking corporation.
Under the court order, 1101 East Glendale Boulevard Real Estate,
LLC, 1101 East Glendale Boulevard Leasing, LLC, and 7335 Gladiolus,
LLC are authorized to use the lender's cash collateral to fund
their operations in accordance with the court-approved budget.
The Debtors are required to submit weekly budget compliance reports
detailing actual expenditures against the approved budget.
The Debtors' authority to access cash collateral expires on August
17, the effective date of a Chapter 11 plan, or conversion of the
Debtors' Chapter 11 cases to Chapter 7, whichever occurs first.
Prior to their bankruptcy filing, the Debtors obtained two separate
loans from Busey Bank in the total amount of $8.74 million. The
loans are secured by liens granted to the lender on the Debtors'
real and personal property, including rents and other revenues
generated by the property.
Pursuant to the court order, Busey Bank will be granted adequate
protection through interest payments at the contractual non-default
rate, replacement liens on post-petition collateral, and a
superpriority administrative expense claim, subject to the carveout
for court fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of Busey
Bank's pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/5F81M from PacerMonitor.com.
A final hearing is scheduled for August 12.
Busey Bank, as lender, is represented by:
Brown & Connery, LLP
Joseph M. Garemore, Esq.
6 North Broad Street, Suite 100
Woodbury, NJ 08096
(856) 812-8900
(856) 812-2201 Fax
jgaremore@brownconnery.com
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DAMIS HOLDINGS: Court OKs Access to FirstBank's Cash Collateral
---------------------------------------------------------------
DAMIS Holdings, LLC's affiliates were granted another extension by
the U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of
New Jersey to use the cash collateral of FirstBank to fund their
operations.
The court authorized 1323 Augusta West Parkway Leasing, LLC and
1323 Augusta West Parkway
Real Estate, LLC to use the pre-petition lender's cash collateral
in accordance with the approved budget through the earliest of
August 17, the effective date of a Chapter 11 plan, or conversion
of their Chapter 11 cases to Chapter 7.
The budget may be amended or extended by agreement with the
lender.
Prior to their bankruptcy filing, the Debtors obtained a $10
million loan from FirstBank, which is secured by a leasehold deed,
assignment of rents and leases, and collateral assignment of
contract rights.
As adequate protection, FirstBank will receive interest payments at
the contractual non-default rate, replacement liens on
post-petition collateral, and a superpriority administrative
expense claim, subject to the court-approved carveout for court
fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of
FirstBank's pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/LnWax from PacerMonitor.com.
A final hearing is scheduled for August 12.
FirstBank, as lender, is represented by:
Christian & Small LLP
Daniel D. Sparks, Esq.
Thomas B. Humphries, Esq.
505 North 20th Street
Suite 1800
Birmingham, AL 35203-2696
Tel: (205) 705-6588
ddsparks@csattorneys.com
tbhumphries@csattorneys.com
-and-
Sherman, Silverstein, Kohl, Rose & Podolsky, P.A.
Arthur J. Abramowitz, Esq.
Ross J. Switkes, Esq.
308 Harper Drive, Suite 200
Moorestown, NJ 08057
Tel: (856) 662-0700
aabramowitz@shermansilverstein.com
rswitkes@shermansilverstein.com
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DAMIS HOLDINGS: Court OKs Access to Lenders' Cash Collateral
------------------------------------------------------------
DAMIS Holdings, LLC's affiliates received interim approval from the
U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of New
Jersey for continued access to their pre-petition lenders' cash
collateral.
Under the interim order, Matteson Center Real Estate, LLC and
Matteson Center Leasing, LLC are authorized to use the lenders'
cash collateral until August 17, the effective date of a Chapter 11
plan, or conversion of their' Chapter 11 cases to Chapter 7,
whichever occurs first.
The lenders that may assert interest in the cash collateral and
various other assets of the Debtors are Bank Iowa, Bank Iowa West
Des Moines, Heartland Bank and Trust Company, and the U.S. Small
Business Administration.
As adequate protection for any diminution in the value of their
collateral, the lenders will receive interest payments at the
contractual non-default rate, replacement liens on post-petition
collateral, and a superpriority administrative expense claim,
subject to the carveout for court fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of the
lenders' pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/HBNtL from PacerMonitor.com.
The court will hold a final hearing on August 12.
Heartland, as lender, is represented by:
Brown & Connery, LLP
Joseph M. Garemore, Esq.
6 North Broad Street, Suite 100
Woodbury, NJ 08096
(856) 812-8900
(856) 812-2201 Fax
jgaremore@brownconnery.com
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DAMIS HOLDINGS: Court OKs Interim Use of Lenders' Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court U.S. Bankruptcy Court for the District of
New Jersey granted DAMIS Holdings, LLC's affiliates another
extension to use the cash collateral of their pre-petition
lenders.
The affiliated debtors are 11200 West Florissant Avenue Leasing,
LLC, 11200 West Florissant Avenue Realty, LLC, 12 Cambridge Drive
Leasing, LLC, 12 Cambridge Drive Realty, LLC, 149 Emerald Street
Leasing, LLC, 149 Emerald Street Real Estate, LLC, and Turnpike
Road Holdings, LLC.
Under the interim order, the Debtors are authorized to use the cash
collateral of Easthampton Savings Bank, Hometown Bank, and U.S.
Small Business Administration to fund their operations in
accordance with the court-approved budget.
The lenders hold security interests in the Debtors' cash collateral
and other assets securing pre-petition loans.
As adequate protection for any diminution in the value of their
collateral, the lenders will receive interest payments at the
contractual non-default rate, replacement liens on post-petition
collateral, and a superpriority administrative expense claim,
subject to the carveout for court fees and U.S. Trustee fees.
The order preserves the Debtors' and any creditors' committee's
rights to challenge the validity, extent, or priority of the
lenders' pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://h1.nu/1uXEx from PacerMonitor.com.
The court will hold a final hearing on August 12.
About Damis Holdings LLC
Damis Holdings, LLC is a Trumbull, Connecticut-based owner and
operator of summer camp facilities and related recreational
businesses operating through multiple affiliated entities.
Damis Holdings and affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on
June 4, 2026. In their petitions, the Debtors reported assets of
between $100 million and $500 million and liabilities of between
$500 million and $1 billion.
The Honorable Bankruptcy Judge Christine M. Gravelle handles the
cases.
The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as
bankruptcy counsel, and B. Riley Securities, Inc. as financial
advisor and investment banker. The Debtors' claims and noticing
agent is Kroll Restructuring Administration, LLC.
DC CABLE: Seeks Approval to Hire GLN Tax as Accountant
------------------------------------------------------
DC Cable & Telecommunications, LLC files amended application
seeking approval from the U.S. Bankruptcy Court for the Western
District of New York to hire Jerrilee M. Harvey, EA of GLN Tax &
Payroll to serve as accountant.
The firm will prepare a five year income projection for the
company.
Ms. Harvey shall receive $225 per hour, subject to court approval.
According to court filings, Jerrilee M. Harvey, EA neither holds
nor represents any interest adverse to the company or its estate
and is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.
The firm can be reached at:
Jerrilee M. Harvey, EA
GLN Tax & Payroll
221 West Church Street, Suite 3
Elmira, NY 14901
Phone: (607) 271-9591
Fax: (607) 271-9296
Email: info@glntaxpayroll.com
About DC Cable & Telecommunications
DC Cable & Telecommunications, LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-20130) on
Feb. 27, 2026, with $1,197,217 in assets and $1,993,374 in
liabilities. Donald G. Crouch, chief executive officer, signed the
petition.
Judge Carl L. Bucki oversees the case.
The Debtor tapped Charles E. Andersen, Esq., as counsel.
DCR FARMS: Case Summary & 10 Unsecured Creditors
------------------------------------------------
Debtor: DCR Farms, LLC
220 West Church Street
Conetoe, NC 27819
Business Description: DCR Farms, LLC is a privately held row-crop
farming company based in Conetoe, North Carolina, operating
agricultural machinery used for planting, spraying, harvesting and
transporting grain, including equipment designed for corn
production.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
Eastern District of North Carolina
Case No.: 26-03455
Debtor's Counsel: David J. Haidt, Esq.
AYERS & HAIDT, PA
P.O. Box 1544
307 Metcalf Street
New Bern, NC 28563
Tel: 252-638-2955
Fax: 252-638-3293
E-mail: david@ayershaidt.com
Total Assets: $1,151,690
Total Liabilities: $2,092,606
The petition was signed by Bennie Robert Whitehurst as president.
A full-text copy of the petition, which includes a list of the
Debtor's 10 unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/THMJT7Y/DCR_Farms_LLC__ncebke-26-03455__0001.0.pdf?mcid=tGE4TAMA
DIAMOND AUTO: Case Summary & Four Unsecured Creditors
-----------------------------------------------------
Debtor: Diamond Auto Spa NY LLC
d/b/a Diamond Detailing
1932 McDonald Ave
Brooklyn, NY 11223
Business Description: Diamond Auto Spa NY LLC, doing business as
Diamond Detailing, provides automotive
detailing services in Brooklyn, New York.
Chapter 11 Petition Date: July 21, 2026
Court: United States Bankruptcy Court
Eastern District of New York
Case No.: 26-43477
Judge: Hon. Elizabeth S Stong
Debtor's Counsel: Alla Kachan, Esq.
LAW OFFICES OF ALLA KACHAN, P.C.
2799 Coney Island Avenue
Suite 202 Brooklyn, NY 11235
Tel: (718) 513-3145
Fax: (347) 342-3156
E-mail: alla@kachanlaw.com
Total Assets: $19,787
Total Liabilities: $1,096,322
The petition was signed by Ali Aliev as president.
A full-text copy of the petition, which includes a list of the
Debtor's four unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/4C7HFVY/Diamond_Auto_Spa_NY_LLC__nyebke-26-43477__0001.0.pdf?mcid=tGE4TAMA
DISH DBS: DBS Unsecured Claims to Recover 100% in Prepackaged Plan
------------------------------------------------------------------
DISH DBS Corporation ("DBS"), DISH Wireless L.L.C. ("DWLLC"), and
their respective affiliated debtors filed with the U.S. Bankruptcy
Court for the Southern District of Texas a Disclosure Statement for
the Modified Joint Prepackaged Chapter 11 Plan dated July 22,
2026.
DBS and DWLLC, subsidiaries of EchoStar Corporation, filed a
prepackaged Chapter 11 restructuring plan to address financial
challenges and reorganize their debt. Although the DBS Debtors
continued to generate significant revenue and cash flow, they faced
declining traditional television subscribers, rising programming
costs, and increased competition from streaming services. The
Company previously completed liability management transactions in
January 2024 and began restructuring discussions with major
noteholders in October 2025.
On March 19, 2026, the DBS Debtors and holders of 82% of the DBS
Notes entered into a Restructuring Support Agreement (RSA), which
later gained support from holders of more than 88% of the
outstanding DBS Notes. The RSA also includes restructuring
transactions involving the DISH Wireless Debtors and provides that
certain claims arising from assigned obligations will be treated as
allowed general unsecured claims against DWLLC.
The Chapter 11 cases have two primary objectives:
* Implement the terms of the Restructuring Support Agreement
through the reorganization plan.
* Resolve billions of dollars of claims against the DISH Wireless
Debtors arising from tower lease and other 5G network agreements
through the Bankruptcy Court. Eligible claimants with allowed or
settled covered claims may also seek recovery from the FCC Trust,
subject to its requirements.
The plan provides for the treatment of all claims and interests
against the Debtors. Distributions will be funded through:
* Cash on hand,
* Amended Notes,
* DISH Wireless Distributable Value, and
* For certain secured claims, the Type A Claims Reserve.
Treatment of Key Creditor Classes
* Class 1H DBS General Unsecured Claims:
-- Holders' legal and contractual rights are unaltered by the
plan.
-- Allowed claims will be reinstated unless a creditor agrees to
less favorable treatment.
-- Total allowed unsecured claims are $1,884.7.
-- Creditors in this class will receive 100% of their allowed
claims.
* Class 2E DISH Wireless General Unsecured Claims:
-- Holders will receive their pro rata share of the DISH Wireless
Distributable Value once their claims are allowed.
-- Claims held by the DWLLC Claims Trust will be distributed
according to the plan's specified waterfall provisions.
-- Creditors asserting a covered claim may elect to seek recovery
through the FCC Trust, subject to eligibility requirements, or, for
claims exceeding $100,000, elect treatment as a Secured Type A
Claim. A creditor cannot make both elections for the same claim.
-- Total allowed unsecured claims are estimated at $9,011.6
$13,925.8.
-- Class 2E creditors are expected to receive distributions equal
to approximately 2.2%–1.4% of their allowed claims, depending on
the total claims amount.
The plan also provides that creditors making an FCC Trust election
may pursue recovery from the FCC Trust under its governing
documents. However, unless otherwise agreed by the EchoStar
parties, a holder that makes the FCC Trust election will not
receive a distribution under the plan from the Disbursing Agent for
that same claim.
A full-text copy of the Disclosure Statement dated July 22, 2026 is
available at https://urlcurt.com/u?l=CRoFHh from Epiq Corporate
Restructuring, LLC, claims agent.
Proposed Counsel to the Debtors:
Charles R. Koster, Esq.
WHITE & CASE LLP
609 Main Street, Suite 2900
Houston, TX 77002
Tel: (713) 496-9700
Fax: (713) 496-9701
Email: charles.koster@whitecase.com
- and -
Ronald K. Gorsich, Esq.
Doah Kim, Esq.
WHITE & CASE LLP
555 South Flower Street, Suite 2700
Los Angeles, CA 90071
Phone: (213) 620-7700
Email: rgorsich@whitecase.com
doah.kim@whitecase.com
- and -
Thomas E Lauria, Esq.
WHITE & CASE LLP
Southeast Financial Center
200 South Biscayne Boulevard, Suite 4900
Miami, FL 33131
Tel: (305) 371-2700
Email: tlauria@whitecase.com
- and -
Matthew E. Linder, Esq.
Laura E. Baccash, Esq.
WHITE & CASE LLP
300 N. LaSalle Drive
Chicago, IL 60654
Telephone: (312) 881-5400
Email: mlinder@whitecase.com
laura.baccash@whitecase.com
- and -
David M. Turetsky, Esq.
Samuel P. Hershey, Esq.
Andrea Amulic, Esq.
1221 Avenue of the Americas
New York, NY 10020
Tel: (212) 819-8200
Email: david.turetsky@whitecase.com
sam.hershey@whitecase.com
andrea.amulic@whitecase.com
About DISH DBS Corporation
DISH DBS Corporation is a holding company and an indirect,
wholly-owned subsidiary of DISH Network Corporation. It offers
pay-TV services under the "DISH" brand and the "SLING" brand. It
also design, develop and distribute receiver systems and provide
digital broadcast operations, including satellite
uplinking/downlinking, transmission and other services to
third-party pay-TV providers.
ISH DBS Corporation (“DISH DBS”) and certain subsidiaries,
including DISH Wireless L.L.C. and its subsidiaries, sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead
Case No. 26-90627) on June 30, 2026.
Judge Christopher M. Lopez presides over the cases.
White & Case LLP is serving as legal counsel to the Debtors, and
FTI Consulting, Inc., is serving as financial advisor. Epiq
Corporate Restructuring, LLC, is the Debtors' noticing and
solicitation agent. Dentons US LLP has been tapped as counsel to
the special committee of independent managers of DISH Wireless
L.L.C.
Akin Gump Strauss Hauer & Feld LLP is advising the Official
Committee of Unsecured Creditors.
DISH DBS: Hires Dentons US LLP as Counsel to Special Committee
--------------------------------------------------------------
Dish DBS Corporation and affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Dentons US LLP as counsel to the special committee of independent
managers of DISH Wireless L.L.C., and as conflict counsel.
The firm will provide these services:
(a) represent and advise the Special Committee with respect to
any Transaction that constitutes a Specified Matter;
(b) manage and support any Transaction that constitutes a
Specified Matter, including the debtor-in-possession financing
proposed to be provided by EchoStar, the proposed sale process for
DWLLC's assets, and the Plan and related restructuring transactions
affecting DWLLC, including DWLLC's entry into the RSA;
(c) represent and advise the Special Committee in the
Investigation;
(d) manage and support the Investigation;
(e) provide necessary reports and updates to the Board related
to any Specified Matter(s) and the Investigation;
(f) perform such other legal services in connection with these
chapter 11 cases as may be reasonably required and consistent with
Dentons US's role as counsel to the Special Committee;
(g) represent the Special Committee in connection with the
foregoing matters in pleadings filed and appearances and arguments
before this Court; and
(h) act as conflicts counsel in the event that the Debtors
pursue a position that has the potential to mature into and become
a conflict of interest for the Debtors' bankruptcy counsel, White &
Case, as approved by the Special Committee.
The firm will be paid at these rates:
Partners, Special Counsels,
Counsels, and Principals $980 to $2,095 per hour
Associates $1,040 to $1,340 per hour
Professionals/Paralegals $650 to $650 per hour
In the year prior to the Petition Date, the Debtor made payments to
Dentons US totaling $689,943.50. As of the Petition Date, after
application of such payments to existing invoices immediately prior
to the Petition Date, Dentons US held $367,142.50 as an advance
payment retainer.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Pursuant to Part D1 of the Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed Under 11
U.S.C. 330 by Attorneys in Larger Chapter 11 Cases, Dentons US
hereby provides the following responses:
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 twelve months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and reasons for the difference?
Response: Dentons US was engaged to represent the Special
Committee shortly before the Petition Date. The billing rates and
material financial terms are outlined on the Engagement Letter
attached to the Application as Exhibit.
Question: Has your client approved your respective budget and
staffing plan, and, if so, for what budget period?
Response: Dentons US and the Special Committee have discussed a
prospective budget and staffing plan to comply with the U.S.
Trustee's requests for information and additional disclosures, and
any orders of this Court.
Mr. Durrer II disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Van C. Durrer II, Esq.
Dentons US LLP
601 S. Figueroa Street, Suite 2500
Los Angeles, CA 90017
Tel: (213) 243-6050
Email: van.durrer@dentons.com
About Dish DBS Corporation
DISH DBS Corporation is a holding company and an indirect,
wholly-owned subsidiary of DISH Network Corporation. It offers
pay-TV services under the "DISH" brand and the "SLING" brand. It
also design, develop and distribute receiver systems and provide
digital broadcast operations, including satellite
uplinking/downlinking, transmission and other services to
third-party pay-TV providers.
DISH DBS Corporation sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90627 (CML)) on June
30, 2026.
Judge Christopher M. Lopez presides over the case.
White & Case represents the Debtors as legal counsel. Epiq
Corporate Restructuring, LLC serves as the Debtors' noticing and
solicitation agent. FTI Consulting, Inc. and FTI Capital Advisors,
LLC, serve as the Debtors' restructuring and financial advisor and
investment banker. Dentons US LLP has been tapped as counsel to the
special committee of independent managers of DISH Wireless L.L.C.
An official committee of unsecured creditors has been appointed in
the case.
DISH DBS: Hires Steptoe LLP as Regulatory and Litigation Counsel
----------------------------------------------------------------
DISH DBS Corporation and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Steptoe
LLP to serve as special regulatory and litigation counsel.
The firm will provide these services:
(a) advice, counsel, and representation in connection with ongoing
or new litigation, disputes, antitrust, and governmental
investigation and regulatory matters involving the Debtors;
(b) advice, counsel, and representation in connection with the
Debtors' licenses, including the transfer of these licenses in
connection with the Debtors' restructuring and Chapter 11 Cases;
(c) tegulatory advice in connection with the Debtors'
restructuring and Chapter 11 Cases; and
(d) such other advice as may be necessary relating to the
above-mentioned services.
Steptoe's current hourly rates are:
Partners: $850 to $1,080
Of Counsel: $790 to $850
Other Lawyers: $340 to $790
Non-lawyer professionals: $200 to $390
Steptoe is not a creditor of the Debtors' estates. During the 90
days prior to the Petition Date, Steptoe received from EchoStar
payments for professional services in the aggregate amount of
approximately $6,403,796, including about $2,208,749.50 paid by
Debtor entities, and $4,195,046.50 paid by non-Debtor EchoStar
subsidiaries.
Steptoe LLP does not represent or hold any interest adverse to the
Debtors or their estates with respect to the Special Counsel
Matters. Steptoe has no connection with the Debtors, their
creditors, or their related parties, except as disclosed in the
Application, the Michalopoulos Declaration, and schedules thereto.
Pursuant to paragraph D, section 1 of the Revised U.S. Trustee
Guidelines, Steptoe responds to the questions set forth therein as
follows:
Question: Did Steptoe agree to any variations from, or alternatives
to, Steptoe's standard or customary billing arrangements, fees or
term for this engagement?
Answer: No. Steptoe and the Debtors have not agreed to any
variations from, or alternatives to, Steptoe's standard billing
arrangements for this engagement. The rate structure provided by
Steptoe is appropriate and is not significantly different from (a)
the rates that Steptoe charges for other non-bankruptcy
representations and comparable clients or (b) the rates of other
comparably skilled professionals. The rates reflect volume
discounts extended to significant Steptoe clients.
Question: Do any of the Steptoe professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?
Answer: No.
Question: If Steptoe 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 Steptoe's billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.
Answer: Steptoe's prepetition 2026 hourly rates for services
rendered to EchoStar are the same as the rates proposed herein and
range as follows: Partners $850 to $1,080; Of Counsel $790 to $850;
Other Lawyers $340 to $790; and Non-lawyer professionals $200 to
$390. The rates were adjusted starting for work performed in
January 2026. The 2025 rates ranged as follows: Partners $780 to
$1,050; Of Counsel $720 to $825; Other Lawyers $455 to $720; and
Non-lawyer professionals $200 to $390.
Question: Have the Debtors approved your prospective budget and
staffing plan, and, if so, for what budget period?
Answer: Steptoe, in conjunction with the Debtors and White & Case
LLP, as restructuring counsel to the Debtors, is developing a
prospective budget and staffing plan for the Chapter 11 Cases.
The firm can be reached at:
Pantelis Michalopoulos, Esq.
STEPTOE LLP
1330 Connecticut Avenue NW
Washington, DC 20036
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 designs, develops and distributes receiver systems and
provides 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.
Charles R. Koster at White & Case, represents the Debtor as legal
counsel.
DISH DBS: Seeks to Hire White & Case as Legal Counsel
-----------------------------------------------------
DISH DBS Corporation and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire White &
Case LLP to serve as legal counsel.
The firm will provide these services:
(a) advising the Debtors with respect to their powers and duties
as debtors in possession in the continued management and operation
of their businesses and properties;
(b) advising and consulting on the conduct of these Chapter 11
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 as the Debtors request;
(e) preparing pleadings in connection with these Chapter 11 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 debtor
in possession financing, if necessary;
(g) representing 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) advising the Debtors in connection with corporate governance,
transactional matters, other agreements with creditors and equity
holders, the review and preparation of any necessary documents and
agreements, and related actions;
(k) taking any necessary action on behalf of the Debtors as the
Debtors request to obtain approval of a disclosure statement and
confirmation of a Chapter 11 plan, and all documents related
thereto;
(l) performing all other necessary ancillary legal services for
the Debtors in connection with the prosecution of these Chapter 11
cases, including analyzing the Debtors' leases and contracts and
the assumption, assignment, or rejection thereof, analyzing the
validity of liens against the Debtors’ assets, and advising the
Debtors on corporate and litigation matters; and
(m) performing all other necessary legal services for the Debtors
in connection with these Chapter 11 cases.
White & Case's current hourly rates charged for matters related to
these Chapter 11 cases range from $1,791 to $2,650 for partners,
$1,728 for counsel, $922 to $1,675 for associates, and $365 to $742
for paraprofessionals.
White & Case LLP is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, as required by section
327(a) of the Bankruptcy Code, and does not hold or represent an
interest adverse to the Debtors' estates.
Pursuant to the Revised U.S. Trustee Guidelines, White & Case
provided the following responses:
Question: Did White & Case agree to any variations from, or
alternatives to, White & Case's standard billing arrangements for
this engagement?
Answer: Yes. White & Case has agreed with the Debtors to limit any
billing rate increases to no more than six percent per year. The
rate structure provided by White & Case is appropriate and is not
significantly different from (a) the rates that White & Case
charges for other non-bankruptcy representations or (b) the rates
of other comparably skilled professionals.
Question: Do any of the White & Case 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 White & Case in representing
the Debtors are consistent with the rates that White & Case charges
other comparable chapter 11 clients, regardless of the location of
the chapter 11 case.
Question: If White & Case has represented the Debtors in the 12
months prepetition, disclose White & Case's billing rates and
material financial terms for the prepetition engagement, including
any adjustments during the 12 months prepetition. If White & Case
billing rates and material financial terms have changed
postpetition, explain the difference and the reasons for the
difference.
Answer: White & Case's current hourly rates for services rendered
on behalf of the Debtors range from $1,791 to $2,650 for partners,
$1,728 for counsel, $922 to $1,675 for associates, and $365 to $742
for paraprofessionals. White & Case represented the Debtors from
June 2, 2025 to December 31, 2025 using hourly rates ranging from
$1,690 to $2,500 for partners, $1,630 for counsel, $870 to $1,580
for associates, and $420 to $700 for paraprofessionals.
Question: Have the Debtors approved White & Case's budget and
staffing plan, and, if so, for what budget period?
Answer: Yes. Specifically, White & Case has and will continue to
provide weekly estimates of fees and expenses incurred in these
chapter 11 cases, which are reflected in the proposed budget
attached to the Proposed DIP Order.
The firm can be reached at:
Matthew E. Linder, Esq.
WHITE & CASE LLP
300 N. LaSalle Drive
Chicago, IL 60654
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 designs, develops and distributes receiver systems and
provides 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.
Charles R. Koster at White & Case, represents the Debtor as legal
counsel.
DISH DBS: Taps FTI Capital as Investment Banker, Advisor
--------------------------------------------------------
DISH DBS Corporation and its affiliate seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to retain FTI
Capital Advisors, LLC and FTI Consulting, Inc. as investment banker
and financial advisor.
The firm will provide these services:
(a) provide financial advice and assistance in connection with
transactions involving the Debtors;
(b) advise the Debtors regarding potential purchasers of the
Debtors or their assets;
(c) assist in preparing marketing materials, conduct outreach to
potential purchasers, and manage the virtual data room;
(d) prepare and manage any section 363 sale process or other
bankruptcy sale process;
(e) evaluate proposals received from potential purchasers and
assist with negotiations and transaction documentation;
(f) assist in preparing financial disclosures, including the
Schedules of Assets and Liabilities, Statement of Financial
Affairs, and Monthly Operating Reports;
(g) assist with DIP financing, cash management, asset
dispositions, accounting procedures, employee retention programs,
Chapter 11 communications, and training;
(h) assist with contract and lease analysis, operational and
cost-saving evaluations, financial reporting, creditor claims
analysis, plan confirmation, avoidance actions, litigation support,
and expert witness services;
(i) attend meetings and assist in discussions with investors,
lenders, the Committee, the U.S. Trustee, and other parties in
interest; and
(j) provide other general business consulting and financial
advisory services as management or counsel may deem necessary.
FTI Capital Advisors, LLC will receive a monthly work fee of
$85,000 for investment banking services, with applicable credits
against success fees as provided in the engagement letter. It will
also receive applicable success fees based on qualifying
transactions.
FTI Consulting, Inc. will be compensated on an hourly basis, plus
reimbursement of actual and necessary expenses, subject to Court
approval. Hourly rates range from $1,270 to $1,580 for Senior
Managing Directors, $940 to $1,195 for Directors/Senior
Directors/Managing Directors, $535 to $850 for Consultants/Senior
Consultants, and $195 to $395 for Administrative/Paraprofessional
staff.
FTI Consulting, Inc. and FTI Capital Advisors, LLC are
"disinterested persons" within the meaning of Section 101(14) of
the Bankruptcy Code, according to court filings.
The firm can be reached through:
Clark Ansel
FTI Consulting, Inc.
555 12th Street NW, Suite 700
Washington, DC 20004
E-mail: legal@fticonsulting.com
About DISH DBS Corporation
DISH DBS Corporation is a holding company and an indirect,
wholly-owned subsidiary of DISH Network Corporation. It offers
pay-TV services under the "DISH" brand and the "SLING" brand. It
also designs, develops and distributes receiver systems and
provides 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.
Charles R. Koster at White & Case, represents the Debtor as legal
counsel.
DLIGHT REFINERS: Unsecureds Will Get 2% of Claims over 5 Years
--------------------------------------------------------------
Dlight Refiners LLC and Dawn Lauren Light filed with the U.S.
Bankruptcy Court for the Eastern District of Michigan a Plan of
Reorganization dated July 22, 2026.
Dlight Refiners LLC is a precious metals refining company formed in
2010 as a Michigan limited liability company.
The business purchases precious metals from customers, delivers the
metals to a smelter, and pays customers after receiving payment
from the smelter. In 2012, the company relocated to Hallandale
Beach, Florida, where it expanded its customer base through direct
customer visits and participation in trade shows.
The Debtors sought relief under Chapter 11, Subchapter V after
experiencing financial difficulties caused by several factors,
including:
* The burden of payments on multiple merchant cash advance (MCA)
loans.
* Aggressive collection efforts by MCA lenders.
* Market oversaturation associated with rising gold prices.
Despite these challenges, Dlight continued operating during the
bankruptcy case. According to the Debtors, conditions in the
precious metals market began improving after the first quarter of
2026, although the Debtors' assets had limited value on the
petition date to satisfy the MCA obligations and the SBA debt.
The Plan is funded through future revenue from Dlight's ongoing
business operations. It proposes to:
* Pay administrative claims, including professional fees and the
Subchapter V Trustee, in full.
* Pay Dlight's unsecured prepetition customer claims in full.
* Pay the secured portion of the SBA claim in full, while treating
the unsecured portion as a general unsecured claim.
* Provide a 2% distribution to remaining general unsecured
creditors.
* Allow the equity holder to retain ownership of Dlight and
continue providing services at the same prepetition compensation
level.
Treatment of General Unsecured Claims
* Class III General Unsecured Claims Against Dlight:
-- Includes the unsecured claims of MCA lenders, the unsecured
portion of the SBA claim, and other general unsecured claims.
-- Total unsecured claims are approximately $2,519,198.34.
-- Holders will receive 2% of their allowed claims, paid in 20
equal quarterly installments, beginning at the end of the first
full calendar quarter after the confirmation date.
* Class IV General Unsecured Claims Against Light:
-- Consists primarily of prepetition credit card claims
(approximately $40,614.40) and guarantee claims of the SBA and MCA
lenders.
-- Holders will also receive 2% of their allowed claims, paid in
20 equal quarterly installments beginning after confirmation.
-- Claims listed as disputed, contingent, or unliquidated will be
disallowed unless a timely proof of claim is filed.
-- Class IV is impaired.
Following confirmation, Dlight will continue operating as a
Michigan limited liability company. All payments under the Plan
will be funded through the company's continuing operations, and the
Plan permits the Debtors to prepay any required distributions
without penalty.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=EAt3LN from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Lynn M. Brimer, Esq.
Pamela S. Ritter, Esq.
Evan H. Kaploe, Esq.
STROBL STARK PLLC
33 Bloomfield Hills Parkway, Suite 125
Bloomfield Hills, MI 48304-2376
Telephone: (248) 540-2300
Facsimile: (248) 205-2786
E-mail: lbrimer@strobllaw.com
pritter@strobllaw.com
ekaploe@strobllaw.com
About DLight Refiners LLC
DLight Refiners, LLC is a precious metal refining company with
locations in Hallandale Beach, Florida, and West Bloomfield,
Michigan. The company assays, purchases, processes, reclaims, and
settles precious metal scrap, including gold, silver, platinum, and
palladium materials. It serves the jewelry industry, including
jewelry manufacturers, repair shops, retail chains, goldsmiths,
pawnbrokers, coin dealers, and dental labs. DLight Refiners
provides insured shipping labels and offers in-person pickup by
appointment in select states.
DLight Refiners sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-44709) on April 24,
2026, with $10,351 in assets and $2,906,797 in liabilities. Dawn
Light, president of DLight Refiners, signed the petition.
Lynn M. Brimer, Esq., at Strobl, PLLC represents the Debtor as
legal counsel.
DR DELICACY: Unsecureds to Get Share of Income for 60 Months
------------------------------------------------------------
DR Delicacy LLC filed with the U.S. Bankruptcy Court for the
Southern District of Texas a Plan of Reorganization under
Subchapter V dated July 22, 2026.
The Debtor operates a warehouse store located at 1291 N Post Oak
Rd, Suite 120, Houston, Texas 77055 and also a wholesale store food
business concentrating in caviar, truffles and similar products at
1291 N Post Oak Rd, Suite 180, Houston, Texas 77055.
The Debtor borrowed funds, including merchant cash advances, to pay
necessary operating expenses, and the repayment of the loans
created an unmanageable financial condition for the Debtor. The
Debtor filed this case to reorganize and continue with its
operations.
This Plan of Reorganization proposes to pay the Debtor's creditors
from the cash flow generated in the ordinary course of the Debtor's
business after confirmation.
Class 18 consists of all other non-priority unsecured claims. The
aggregate amount of Class 18 claims is approximately $2,203,888.83
(The aggregate amount of Class 18 including the disputed claims is
$2,281,019.40). This Class is impaired.
The Debtor will pay the projected disposable income in the amount
as set forth on the projections for a period of sixty months
following the effective date to creditors in this class with
allowed claims in the amount set forth on the projections with this
plan. The Debtor may pay these amounts in quarterly distributions.
In the case of claims for which pro rata distributions are less
than twenty-five dollars per month, the Debtor or the Subchapter V
trustee will hold the payment amounts and send one payment at the
end of the plan term.
The equity security holders will retain the interest in the
Debtor.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=PAy5rh from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Reese W. Baker, Esq.
BAKER & ASSOCIATES
950 Echo Lane, Suite 300
Houston, TX 77024
Telephone: (713) 869-9200
Facsimile: (713) 869-9100
About DR Delicacy, LLC
DR Delicacy LLC, 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.
DR Delicacy sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Case No. 26-32815) on April 23, 2026. At the
time of filing, the Debtor had estimated assets of between $500,001
to $1 million and liabilities of between $1,000,001 to $10 million.
The case is a Subchapter V proceeding in the Houston Division.
Judge Jeffrey P. Norman oversees the case.
Baker & Associates is the Debtor's legal counsel.
DURAND HEALING: Seeks to Hire Davis Miles PLLC as Counsel
---------------------------------------------------------
Durand Healing and Wellness Center, LLC seeks approval from the
U.S. Bankruptcy Court for the District of Arizona to employ Davis
Miles, PLLC as counsel.
The firm will render these services:
a. advise the Debtor as to its rights, duties, and powers as
debtor-in-possession;
b. prepare and file statements, schedules, plans, operating
reports, and any other documents and pleadings necessary to be
filed by the Debtor in this case;
c. represent the Debtor at all hearings, meetings of
creditors, trials, conferences, and other proceedings in this case;
and
d. perform such other legal services as may be necessary in
connection with this case.
Davis Miles will be paid at these rates:
a. $500 to $560 per hour for partner time;
b. $290 to $450 per hour for associate attorney time;
c. $195 to $220 per hour for paralegal time; and
d. $152 per hour for legal assistant time
Davis Miles currently holds the Debtor's funds in the amount of
$14,443.60.
As disclosed on the court filings, Davis Miles, PLLC is a
"disinterested person" within the meaning of 11 U.S.C. 101(14).
The firm can be reached through:
JoAnn Falgout, Esq.
M. Preston Gardner, Esq.
Davis Miles, PLLC
999 E. Playa del Norte, Suite 510
Tempe, AZ 85288
Telephone: (480) 733-6800
Facsimile: (480) 733-3748
Email: efile.dockets@davismiles.com
About Durand Healing and Wellness Center, LLC
Durand Healing and Wellness Center, LLC, filed a Chapter 11
bankruptcy petition (Bankr. D. Ariz. Case No. 2:26-bk-07470) on
July 28, 2026. The Debtor hires Davis Miles, PLLC as counsel.
DYNAMIC METALS: Pathward Wants Receiver Amid $10MM Loan Default
---------------------------------------------------------------
Pathward, National Association, asks the U.S. District Court for
the Eastern District of Michigan, Southern Division, to appoint a
receiver for Dynamic Metals, LLC, Gem City Metal Technologies LLC,
Dynamic Industrial Group LLC, Dennis Nystrom, and Donald Nystrom.
Pathward says it has already allowed the Defendants more than six
months and repeated chances to either find a new lender to
re-finance their loans, to sell the Borrowers as a going concern,
to raise needed capital from the Nystroms or others, or to
undertake some other concrete action to immediately satisfy their
legal obligations to Pathward. Defendants achieved none of those
things. Despite repeated opportunities, Defendants have
consistently failed to adopt reasonable and prudent measures to
maximize the value of the Pathward Collateral and, instead, the
Nystroms have been engaged in an ongoing battle with each other
over control and management of the Borrowers—all to the detriment
of Pathward.
A federal receivership, according to Pathward, is particularly
important in this case because the Borrowers' assets are located in
multiple states (Indiana, Ohio and possibly others), and no state
court will have the comparable broad jurisdiction to provide the
comprehensive relief that this Court can provide by overseeing the
requested receivership.
Pathward requests that the Court grant the receiver broad powers to
assume custody and control over the Borrowers' assets, to operate
the Borrowers' assets if (but only to the extent) advisable, to
market and sell on a going concern basis (or else liquidate) the
Borrowers' assets, and to exercise all other powers set forth in,
and in accordance with, Pathward's proposed Receivership Order.
Pathward further requests that the Court set an expedited hearing
on the Motion.
Defendants Dynamic and Gem repeatedly defaulted on all-asset,
first-priority, secured, asset-based loans that Pathward advanced.
According to Pathward, the Borrowers owe the lender more than $10
million, are in dire financial straits, and are likely already
worth substantially less -- even on a going concern basis -- than
the sum of all their debts. Borrowers' insolvency is only deepening
by the day, according to Pathward. Making matters worse, Borrowers'
ultimate owners, Defendants Dennis Nystrom and his son Donald
Nystrom -- both of whom personally guaranteed repayment of
Pathward's loans but have failed to comply with Pathward's demands
for payment -- have been engaged in an ongoing battle with each
other over control and management of the Borrowers. Pathward
rightfully has no confidence that either of them can or will
preserve, let alone maximize, the value of the Borrowers' assets
under these circumstances.
After Borrowers defaulted on the Pathward loans, and in order to
obtain temporary forbearance from Pathward for a defined
"Forbearance Period" (which has long since expired), all the
Defendants expressly agreed to the appointment of a receiver over
the Borrowers in this exact scenario. Accordingly, Defendants
should not be heard to object to the appointment of a receiver
now.
Jarrad W. LaCroix, Pathward's Director of Portfolio,
Pathward contends the appointment of a general receiver over the
Borrowers is necessary to preserve and maximize the value of the
Borrowers' assets, to protect the bargained-for rights of Pathward
as the first-priority secured lender, and to either sell as a going
concern or liquidate the Borrowers in a controlled and orderly
fashion that protects the legal rights of Pathward and the
Borrowers' other creditors according to their legal priorities.
Pathward (formerly known as Crestmark) is a federally registered
national bank with its main office located at 5501 South Broadband
Lane, Sioux Falls, South Dakota, 57108. Pathward is a citizen of
South Dakota for purposes of diversity jurisdiction. None of
Defendants are citizens of South Dakota.
Pathward says the Court has original diversity jurisdiction because
this action is between citizens of different states and the amount
in controversy exceeds $75,000.00, exclusive of interest, attorney
fees and costs.
Specifically, Pathward seeks more than $10 million from Defendants,
jointly and severally. Defendants each consented to the personal
jurisdiction of this Court and to the proper venue of this Court
pursuant to the Loan Agreement.
Pathward made asset-based loans to various manufacturing businesses
owned by, or affiliated, with Dennis Nystrom and his son Donald
Nystrom for more than a decade. The Borrowers are each indirectly
owned by the Nystroms.
Dynamic is a manufacturing company operating out of two owned
facilities located at 1937 Sterling Avenue and 54347 Highland
Boulevard in Elkhart, Indiana.
Gem is an affiliated manufacturing company operating out of an
owned facility located at 1825 1st Street East in Dayton, Ohio.
On Jan. 27, 2023, Pathward and Borrowers entered into an Amended
and Restated Loan and Security Agreement. Pursuant to the Loan
Agreement, Pathward agreed to make, and did make, business loans to
the Borrowers consisting of a $20,000,000 line of credit and a
$1,361,112 term loan.
In exchange for the Loans, Borrowers agreed to comply with the
terms of the Loan Agreement and all other documents that Borrowers
executed in connection therewith, including related Promissory
Notes.
The Loan Documents grant Pathward a first-priority security
interest in substantially all the current and future tangible and
intangible personal property assets of the Borrowers. Pathward also
holds a first-priority mortgage on the Ohio Real Property.
Section 20 of the Ohio Mortgage provides that in event of default
by Gem under the Loan Documents, Pathward may, among other things,
(a) apply for the appointment of a receiver over the Ohio Real
Property to collect rents, issues and profits of the Ohio Real
Property and to preserve the security of the Ohio Real Property as
a matter of right,
(b) may enter upon the Ohio Real Property by agent or by
court-appointed receiver to manage and operate the Ohio Real
Property, and/or
(c) may foreclose the Ohio Mortgage by judicial proceeding or
otherwise as permitted by applicable law.
To further secure repayment of the Loans, Dennis and Donald Nystrom
provided Pathward continuing, absolute, and unconditional personal
guaranties of repayment of the Loans, and Defendant Dynamic
Industrial Group, Inc. provided a limited corporate guaranty.
Between December 2024 and December 2025, Borrowers repeatedly
defaulted under the Loan Documents by, in addition to numerous
other defaults, failing to maintain a required minimum Tangible Net
Worth of at least $5 million and failing to maintain the required
minimum Debt Service Coverage Ratio of 1.10 to 1.
On information and belief, at some point in December 2025, Dennis
Nystrom (who is in his eighties) forced his son Donald out of the
day-to-day management of the Borrowers. Dennis and Donald have
since been engaged in an ongoing battle with each other over
control and management of Borrowers.
On Dec. 29, 2025, Pathward entered into a forbearance agreement
with all of the Defendants, which was later amended and restated on
Jan. 23, 2026. Defendants expressly acknowledged Borrowers'
numerous defaults under the Loan Documents. Furthermore, in Section
44 of the Forbearance Agreement, Defendants expressly agreed to the
appointment of receiver at the end of the defined "Forbearance
Period" in exchange for Pathward's forbearance and other
accommodations:
When the Forbearance Period ends, and without reference to the
value of the assets of Obligors or any other Person, to the
solvency or insolvency of the Person(s) liable for all or any part
of the Obligations, Obligors consent to the appointment without
notice, whether by the Lender or pursuant to the order of any
court, of a receiver for all or any of the Collateral which secures
all or part of the Obligations, and further agrees to take all
necessary steps to immediately, completely and effectively transfer
possession and control of all Collateral to any such receiver,
including, without limitation, all real and personal property, all
Property, Accounts, Inventory, Equipment, Fixtures, interests in
Real Estate (including leasehold interests), General Intangibles,
payment intangibles, Intellectual Property, Investment Property,
pledged securities and other pledged assets, Deposit Accounts,
Goods, Instruments, Chattel Paper, Documents, warehouse receipts,
letters of credit, money, Commercial Tort Claims, and supporting
obligations.
However, after entering into the Forbearance Agreement, Borrowers
defaulted under the Forbearance Agreement as well by:
(a) failing to timely deliver CPA-prepared financial
statements required by Section 7 of the Forbearance Agreement,
(b) failing to timely retain a Financial Consultant as
required by Section 7 of the Forbearance Agreement, and
(c) exceeding their line of credit borrowing formula by more
than $464,000.
On Feb. 25, 2026, Pathward sent Defendants a Notice of Default
specifying all these defaults under the Forbearance Agreement, and
further notifying Defendants that as a result of these defaults the
Forbearance Period had ended pursuant to the terms of the
Forbearance Agreement, causing all payment obligations under the
Loan Documents and the Guaranties to become immediately due and
payable.
In exchange for Pathward nonetheless permitting Borrowers to draw a
one-time $535,000 "protective advance" on the line of credit to
fund Borrowers' upcoming payroll, Defendants countersigned the
Notice of Default acknowledging the same.
On March 12, 2026, Pathward and Defendants entered into a Letter
Agreement and Reservation of Rights. Pathward agreed to make
certain additional protective advances to Borrowers and to provide
other accommodations to the Borrowers (on stated conditions) in
order to attempt to preserve the going-concern value of the
Pathward Collateral.
However, Borrowers subsequently defaulted under the Letter
Agreement as well. Specifically, the Borrowers:
(a) failed to timely deliver a signed commitment for a
refinance transaction or sale transaction as required by Section
4(a) of the Letter Agreement,
(b) exceeded their line of credit borrowing formula by more
than $4 million, and
(c) advised Pathward that Borrowers could not continue to
operate without a $2.4 million capital infusion, which the
Borrowers have failed to obtain.
Pathward sent Defendants an additional Notice of Default specifying
these additional defaults on May 28, 2026. Defendants failed to
cure any of these defaults.
On June 19, 2026, Pathward issued a formal demand to Defendants to
immediately repay the Loans pursuant to the Loan Documents and, in
the case of the Nystroms, pursuant to their Guaranties. Defendants
did not, however, repay the Loans.
Pursuant to the Loan Documents and the Guaranties, Defendants,
jointly and severally, owed Pathward a total of $10,012,775.05 as
of July 20, 2026, plus all accruing default interest, protective
advances, fees, costs and expenses (including, without limitation,
all reasonable attorney fees and costs incurred in enforcing the
Loan Documents and Guaranties), as provided by the Loan Documents
and Guaranties.
The primary purpose of equity receiverships is to promote orderly
and efficient administration of the estate by the district court
for the benefit of creditors.
A receiver appointed in any civil action or proceeding involving
property, real, personal or mixed, situated in different districts
shall, upon giving bond as required by the court, be vested with
complete jurisdiction and control of all such property with the
right to take possession thereof.
The Court's equity powers include the power to stay all litigation
against the receiver, the entities in receivership, and their
assets, and to require that all disputes involving the same be
resolved in the court overseeing the receivership. Federal courts
have long recognized the power of a federally appointed receiver to
sell both real and personal property of a receivership estate free
and clear of all liens, claims andinterests (with such liens,
claims and interests to transfer to the proceeds of sale for
subsequent resolution by the courts of any priority or
inter-creditor disputes).
About Dynamic Metals, LLC et al.
Dynamic Metals, LLC et al own facilities located at 1937 Sterling
Avenue and 54347 Highland Boulevard in Elkhart, Indiana (the
Indiana Real Properties) and 1825 1st Street East in Dayton, Ohio
(the Ohio Real Property).
Pathward, National Association sued Dynamic Metals, LLC et al. The
case filed on July 1, 2026, is captioned as Pathward, National
Association v. Dynamic Metals, LLC et al., Case No. 4:26-cv-12226
(E.D. Mich.), before the Hon. F. Kay Behm. Pathward alleges that
Dynamic Metals has defaulted on its obligations under the note,
mortgage and other loan documents evidencing and/or securing a
total of $10,012,775.05 as of July 20, 2026, plus all accruing
default interest, protective advances, fees, costs and expenses.
Attorneys for Pathward, National Association:
Doron Yitzchaki, Esq.
DICKINSON WRIGHT PLLC
350 S. Main Street, Suite 300
Ann Arbor, MI 48104
Tel: (734) 623-1947
E-mail: dyitzchaki@dwlaw.com
EAGLE LOGISTICS: Joseph Schwartz Named Subchapter V Trustee
-----------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Joseph Schwartz,
Esq., at Riker Danzig Scherer Hyland & Perretti, LLP, as Subchapter
V trustee for Eagle Logistics, LLC.
Mr. Schwartz will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Schwartz 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 L. Schwartz, Esq.
Riker Danzig Scherer Hyland & Perretti, LLP
One Speedwell Avenue,
Morristown, NJ 07962-1981
Phone: (973) 451-8506
Email: jschwartz@riker.com
About Eagle Logistics LLC
Eagle Logistics, LLC provides freight transportation and logistics
services, including dry-van, refrigerated, flatbed and specialized
hauling, from its headquarters in Wayne, New Jersey, serving
shippers across the U.S.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 26-18291) on July 21, 2026,
with up to $50,000 in assets and $1 million to $10 million in
liabilities. Robert Laypanov, chief executive officer, signed the
petition.
Brian G Hannon, Esq., at Norgaard, O'Boyle & Hannon represents the
Debtor as legal counsel.
EDMUNDSON INC: Hires Armory Securities as Investment Banker
-----------------------------------------------------------
Edmundson, Inc. and affiliate seek approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Armory
Securities, LLC as investment banker.
The firm's services include:
a. developing sales strategy with Debtors;
b. soliciting interested parties for the sale of the assets and
marketing of the assets for sale through a managed qualifying bid
process; and
c. conducting negotiations, at Debtor's direction, for the sale
of the assets.
The firm will be paid at these fees:
a. Engagement Fee and Monthly Fees: An Engagement Fee of $50,000
due upon execution of the engagement agreement and a Monthly Fee of
$25,000, which shall be due beginning on the first monthly
anniversary of the execution of the agreement and continuing
thereafter on the monthly anniversary of such date during the term
of this engagement. Fifty-percent of the Engagement Fee and Monthly
Fees paid shall be credited against a Transaction Fee earned in
excess of the Minimum Transaction Fee.
b. Transaction Fee: A Transaction Fee equal to the greater of
(a) $500,000 (the "Minimum Transaction Fee") and (b) five-percent
of the Transaction Value. Transaction Value (as defined in the
letter Agreement) means the aggregate cash and non-cash
consideration received by Debtors in consideration of the
applicable assets. The value of non-cash consideration paid for
shall be determined by mutual agreement between Armory and Debtors;
and
c. Expenses: Debtors shall reimburse Armory for all reasonable
and customary reimbursable incurred in connection with the
performance of the services proposed hereunder, provided that
expenses in excess of $1,500 individually or $15,000 in aggregate
must be pre-approved by the Company.
Mr. McDonald 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:
Douglas McDonald
Armory Securities, LLC
200 N. Pacific Coast Highway Suite 1525
El Segundo, CA 90245
Tel: (310) 798-7777
Fax: (310) 798-6277
About Edmundson, Inc.
Edmundson, Inc. is a Colorado-based corporation engaged in nursery
and garden center retail and wholesale operations, offering plants,
landscaping supplies, and related products. The Company operates
nursery facilities in Brighton, which serves as its headquarters,
as well as Fort Collins and Franktown, serving residential and
commercial customers throughout Colorado.
Edmundson, Inc. and Edmundson Land LLC filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Colo. Case Nos. 26-10019 & 26-10021, respectively) on
January 2, 2026, listing $10 million to $50 million in both assets
and liabilities. The petitions were signed by Matthew Edmundson as
CEO and member.
J. Brian Fletcher, Esq., at Onsager Fletcher Johnson Palmer, LLC,
serves as the Debtor's counsel.
EGO COLLISION: Gets Final OK to Use Cash Collateral
---------------------------------------------------
EGO Collision Center Corp. received final approval from the U.S.
Bankruptcy Court for the Southern District of Florida to continue
using cash collateral in its Chapter 11 Subchapter V case.
The final order authorized the Debtor to use cash collateral in the
ordinary course of business under a final budget extending through
December 31. The Debtor may deviate by up to 10% on any individual
budget line item unless it obtains written consent from the
affected secured creditor or further court approval.
As adequate protection, AkzoNobel Coatings Inc., Single Source,
Inc., and any other holders of valid, perfected liens on the
Debtor's cash collateral will be granted replacement liens under
Section 361 of the Bankruptcy Code, preserving the same validity,
priority, and enforceability as their pre-petition liens. However,
the order does not determine the validity or amount of any asserted
secured claims, and the Debtor retains the right to challenge or
contest those claims.
The court ruled that no adequate protection cash payments are
required unless later agreed to by the parties or ordered by the
court.
The Debtor must continue filing monthly operating reports and
budget-to-actual reports in accordance with Bankruptcy Code,
Bankruptcy Rules, Local Rules, and U.S. Trustee guidelines.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/Tkwga from PacerMonitor.com.
About EGO Collision Center Corp.
EGO Collision Center Corp. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17795) on
June 15, 2026, with up to $500,000 in assets and up to $1 million
in liabilities. Marly P. Gomez, president and owner of EGO
Collision Center, signed the petition.
Judge Robert A. Mark oversees the case.
Aramis Hernandez, Esq., at Miami Legal Center, represents the
Debtor as legal counsel.
ELEVATE MARKETING: Hires Rafool & Bourne P.C. as Counsel
--------------------------------------------------------
Elevate Marketing Solutions LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of Illinois to employ
Rafool & Bourne, P.C. as counsel.
The firm will provide these services:
(a) give the Debtor legal advice with respect to its rights,
powers and duties as Debtor-In-Possession in connection with the
administration of its bankruptcy estate and the disposition of its
property;
(b) take such action as may be necessary with respect to
claims that may be asserted against the Debtor and property of its
estate, including but not limited to motions and adversary
proceedings to determine secured status and avoidance actions
pursuant to 11 U.S.C. Secs. 544, 547, 548 and 549;
(c) prepare applications, motions, complaints, orders and
other legal documents as may be necessary in connection with the
appropriate administration of this case;
(d) represent Debtor with respect to inquiries and
negotiations concerning creditors of its estate and property;
(e) initiate, defend or otherwise participate on behalf of the
Debtor in all proceedings before this Court or any other court of
competent jurisdiction; and
(f) perform any and all other legal services on behalf of
Debtor which may be required to aid in the proper administration of
its bankruptcy estate.
The firm's attorneys will receive compensation at an hourly rate of
$300. Prior to filing, the Debtor paid the firm a $17,500
retainer.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Rafool & Bourne, P.C. has any connections with the Debtor, its
creditors, or other parties in interest, and 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:
Sumner A. Bourne, Esq.
RAFOOL & BOURNE, P.C.
401 Main Street, Suite 1130
Peoria, IL 61602
Telephone: (309) 673-5535
Facsimile: (309) 673-5537
E-mail: notices@rafoolbourne.com
About Elevate Marketing Solutions LLC
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.
Elevate Marketing Solutions LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. C.D. Ill. Case No. 26-70681) on
July 17, 2026, with $100,001 to $500,000 in assets and $1,000,001
to $10 million in liabilities.
Judge Mary P. Gorman presides over the case.
Sumner A. Bourne, Esq., at Rafool & Bourne P.C. represents the
Debtor as legal counsel.
EMC GLOBAL: Seeks 30-Day Extension of Plan Filing Deadline
----------------------------------------------------------
EMC Global Investments, LLC asked the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusivity periods to
file a plan of reorganization and obtain acceptance thereof for
additional thirty days.
The Debtor requests an extension of the exclusivity period by
thirty days to allow for negotiations with the secured creditor,
Bank of New York Mellon, to resolve the secured claim.
The Debtor explains that its counsel was able to reach and
communicate with counsel for the secured creditor. Both parties
agreed that they were amenable to an amicable resolution of the
claim and agreed to discuss possible solutions.
The Debtor submits that it is in all parties' best interest if the
secured claim can be resolved amicably rather than through
litigation (i.e., objection to proof of claim, objection to plan
confirmation, etc.).
The Debtor believes that the only potential issues involving the
secured creditor’s claim involve confirming certain costs and
charges reflected in the proof of claim, although the Debtor
concedes there may be other issues that have not yet arisen.
However, because both parties have expressed a willingness to
discuss settlement, the company request that the Court allow the
parties such time to do so, and to extend the exclusivity period of
Section 1121 (b) of the Bankruptcy Code.
EMC Global Investments, LLC is represented by:
DUKE LAW FIRM
Bruce J. Duke, Esq.
141-I Route 130 South, #380
Cinnaminson, NJ 08077
(732) 200-9084
Email: bruce@bdukelawfirm.com
About EMC Global Investments
EMC Global Investments, LLC is an investment firm engaged in
managing and holding a portfolio of financial and real estate
assets.
EMC Global Investments, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-13643) on March 25, 2026.
In its petition, the Debtor reports estimated assets of $1 million
to $10 million and estimated liabilities of $1 million to $10
million.
Honorable Bankruptcy Judge Mindy A. Mora handles the case.
The Debtor is represented by Mikhael E. Keifitz, Esq.
ETERNO RESORT: Hires Andersen Beede Weisenmiller as Counsel
-----------------------------------------------------------
Eterno Resort SPE, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Nevada to employ Andersen Beede
Weisenmiller as counsel.
Andersen Beede Weisenmiller to serve as legal counsel.
The firm will provide these services:
(a) advise Debtor with respect to its powers and duties as a
debtor and debtors-in-possession in the continued management and
operation of its business and property;
(b) attend meetings and negotiate with representatives of
creditors and other parties in interest and advise and consult on
the conduct of the Chapter 11 case, including the legal and
administrative requirements of operating in Chapter 11;
(c) take all necessary action to protect and preserve the
bankruptcy estate;
(d) prepare on behalf of Debtor all motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;
(e) negotiate and prepare on Debtor's behalf plan(s) of
reorganization, disclosure statement(s), and all related agreements
and/or documents and take any necessary action on behalf of Debtor
to obtain confirmation of such plan(s);
(f) advise Debtor in connection with any sale of assets;
(g) appear before this Court, any appellate courts, and the U.S.
Trustee, and protect the interests of the bankruptcy estate before
such courts and the U.S. Trustee; and
(h) perform all other necessary legal services and provide all
other necessary legal advice to Debtor in connection with its
Chapter 11 case.
The firm will be paid at these hourly rates:
Ryan A. Andersen, Esq. $690
Mike Beede, Esq. $650
Mark M. Weisenmiller, Esq. $650
Tali J. Frey, Esq. $350
Paralegals $195
The firm was paid by the Debtor an initial retainer of $12,000.
Andersen Beede Weisenmiller is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings.
The firm can be reached at:
Ryan A. Andersen, Esq.
Tali J. Frey, Esq.
ANDERSEN BEEDE WEISENMILLER
3199 E Warm Springs Rd, Ste 400
Las Vegas, NV 89120
Telephone: (702) 522-1992
Facsimile: (702) 825-2824
E-mail: ryan@abwfirm.com
tali@abwfirm.com
About Eterno Resort SPE, LLC
Eterno Resort SPE, LLC, which is developing the project under the
Eterno Resort name, is constructing a planned wellness resort in
Las Vegas, Nevada. The resort is designed to provide guests with
personalized, science-driven longevity programs alongside spa,
fitness, and lifestyle offerings. Its concept combines health and
wellness services with a hospitality and resort environment.
Eterno Resort SPE, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-14670) on July 24, 2026. In its
petition, the debtor reported estimated assets of $50 million to
$100 million and estimated liabilities of $10 million to $50
million.
Honorable Bankruptcy Judge Natalie M. Cox is overseeing the case.
The debtor is represented by Ryan A. Andersen, Esq. and Tali Frey,
Esq. of Andersen Beede Weisenmiller.
EXIT ZERO: Case Summary & 14 Unsecured Creditors
------------------------------------------------
Debtor: Exit Zero Publishing, Inc.
421 Washington Street, Suite 0
Cape May, NJ 08204
Business Description: Exit Zero is a Cape May, New Jersey-based
publishing company founded in 2003. The company publishes the Exit
Zero weekly magazine, the annual Cool Cape May guidebook, and
online stories covering local culture, businesses, events, dining,
and shopping. It also provides print and online advertising
services for businesses serving Cape May visitors and residents.
Chapter 11 Petition Date: July 20, 2026
Court: United States Bankruptcy Court
District of New Jersey
Case No.: 26-18235
Debtor's Counsel: Ellen M. McDowell, Esq., Esq.
McDOWELL LAW, PC
46 West Main St.
Maple Shade, NJ 08052
Tel: 856-482-5544
Fax: 856-482-5511
Email: emcdowell@mcdowelllegal.com
Total Assets: $71,232
Total Liabilities: $1,845,284
The petition was signed by Jack Wright as owner.
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/RLAJNVA/Exit_Zero_Publishing_Inc__njbke-26-18235__0001.0.pdf?mcid=tGE4TAMA
EXTREME PROFITS: Plan Confirmation Hearing Scheduled for Sept. 10
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
hold a hearing on Sept. 10, 2026 at 1:30 PM before the Honorable
Corali Lopez-Castro to confirm the First Amended Plan of Extreme
Profits, Inc., a Florida corporation, d/b/a X-Stream Power.
The following deadlines apply with respect to the confirmation
hearing and hearing on fee applications:
* August 27, 2026 is the deadline for filing ballots accepting or
rejecting the Plan.
* August 27, 2026 is the deadline for filing objections to
confirmation of the Plan.
* August 17, 2026 is the deadline for filing and serving fee
applications.
* August 20, 2026 is the deadline for filing and serving notice
summarizing all fee applications.
As shared by the Troubled Company Reporter, the Plan of
Reorganization is unchanged except for: the changed treatment of
Bill Me Later in Class 5, and the deletion of Class 6 due to the
entry of the Court's Memorandum; the clarified treatment of claims
in Class 7 due to the addition of the former members of Class 6;
and a disclosure of the Debtor's management and compensation of
managers.
Class 5 Bill Me Later, Inc. aka Pay Pal
Bill Me Later, Inc. aka Pay Pal filed Claim # 15, asserting a fully
secured claim in the amount of $135,871.70, which has been
contested in Adv Pro 25-1267-CLC, in which the relief granted has
allowed the claim in the secured amount of $82,500.00, with the
balance classified as unsecured. This claim is unimpaired and not
entitled to vote. The secured portion of this claim will be paid,
with interest at the rate determined by the Court or by agreement
between the Debtor and the claimant.
Payments will commence with the first quarterly payment to the
extent funds are available after payment of Priority Claims, and
payment will continue with the full amount of funds available on
each successive quarterly payment until the secured claim is paid
in full. To the extent that the Court determines that this secured
claim is either greater than, or less than the amount reflected
herein, payments will be adjusted accordingly.
Class 7 General Unsecured Creditors
The following creditors are referred to as general unsecured
creditors: American Express National Bank and all related entities
referred to as AMEX; Wells Fargo Bank, N.A.; and all claimants
formerly listed in Class 6 - Legend Advance Funding, II, LLC; MNR
Capital Group, LLC; ODK Capital, LLC; Orange Advance, LLC; Palm
Beach Funding, LLC; Bill Me Later aka Pay Pal (as to its unsecured
claim). Claims in this Class shall be paid, pro rata, without
interest, beginning with the first quarterly payment following full
payment of: Priority Claims and secured Claim in Class 5.
Mr. Scepka will continue to be the sole officer and Director of the
Debtor. Mr. Scepka's salary shall be $5,500 bi-weekly.
A full-text copy of the First Amended Plan dated November 12, 2025
is available at https://urlcurt.com/u?l=O0iFUx from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Kevin C. Gleason, Esq.
FLORIDA BANKRUPTCY GROUP, LLC
4121 N. 31st Ave.
Hollywood, FL 33021-2011
Tel: (954) 893-7670
Fax: (954) 252-2540
Email: BankruptcyLawyer@aol.com
Email: KGPAECMF@aol.com
A copy of the Court's Order dated July 22, 2026, is available at
https://urlcurt.com/u?l=2lQwMX from PacerMonitor.com.
About Extreme Profits
d/b/a X-Stream Power Washing
Extreme Profits Inc., operating as X-Stream Power Washing and
Cleaning Services, is a pressure washing and cleaning company based
in Key West, Florida.
Extreme Profits Inc. sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-15709) on
May 21, 2025. In its petition, the Debtor reports estimated assets
between $500,000 and $1 million and estimated liabilities between
$1 million and $10 million.
Honorable Bankruptcy Judge Corali Lopez-Castro handles the case.
The Debtors are represented by Kevin C Gleason, Esq.
FAT BRANDS: Court Confirms Joint Plan of Liquidation
----------------------------------------------------
Judge Alfredo Perez of the U.S. Bankruptcy Court for the Southern
District of Texas approved the Disclosure Statement and confirmed
the Joint Plan of Liquidation of FAT Brands Inc. and Its Affiliated
Debtors under Chapter 11 of the Bankruptcy
Code.
The Disclosure Statement (a) contains sufficient information of a
kind necessary to satisfy the disclosure requirements of all
applicable non-bankruptcy rules, laws, and regulations, including
the Securities Act, (b) contains "adequate information" (as such
term is defined in Section 1125(a) of the Bankruptcy Code and used
in Section 1126(b)(2) of the Bankruptcy Code) with respect to the
Debtors, the Plan, and the transactions contemplated therein, and
(c) is approved in all respects.
The Plan has been accepted by at least one Voting Class of each
debtor seeking confirmation; however, it is deemed to be rejected
by Class 9 (Intercompany Claims), Class 10 (Subordinated Claims),
Class 11 (Intercompany Interests), and Class 12 (Existing Equity
Interests) pursuant to section 1126(g).
The Plan satisfies or complies with all applicable provisions of
sections 1122, 1123, 1125, 1126, and 1129 of the Bankruptcy Code
and is confirmed pursuant to section 1129 of the Bankruptcy Code;
provided, however, that confirmation of the Plan shall not apply to
Debtors Fog Cap Development LLC and BC Canyon LLC.
All objections to, statements, or reservations of rights in respect
of the Plan that have not been withdrawn, waived, settled, or
otherwise resolved before the Confirmation Hearing are overruled on
the merits and denied.
As shared by the Troubled Company Reporter, FAT Brands Inc. and
affiliates submitted a Revised Disclosure Statement describing
Revised Joint Plan of Liquidation dated June 1, 2026.
The Plan is a liquidating plan. The Debtors have undertaken a
value-maximizing and competitive marketing and sale process (the
"Sale Process") to sell substantially all of their assets.
The Sale Process resulted in four separate Sale Orders entered by
the Bankruptcy Court, whereby the Debtors obtained authorization to
sell substantially all of their assets to several Purchasers. The
Debtors intend to liquidate their remaining assets on the terms and
conditions contained in the Plan.
As such, the Plan provides for (i) the Distribution of any proceeds
from the Sale Process and the liquidation of any remaining
non-litigation assets, as well as the Distribution of other Cash
that the Debtors have on hand on the Effective Date, and (ii) the
creation of a Liquidation Trust and appointment of a Liquidation
Trustee that will, among other things, reconcile Claims, make
Distributions on account of Allowed Claims under the Plan, pursue
the Retained Causes of Action, and wind down the Debtors' Estates,
the Non-Debtor Subsidiaries, and remaining business affairs.
The Plan further provides for the grouping of all of the Debtors
solely for purposes of voting, determining which Class or Classes
have accepted the Plan, confirming the Plan, and the resulting
treatment of all Claims, Interests, and related Plan
Distributions.
Class 6 consists of all Resid Claims. On the Effective Date, in
full and final satisfaction, compromise, settlement, and release of
its Claim (unless the applicable Holder agrees to less favorable
treatment):
* The Resid Trustee shall receive payment of the Resid Trustee
Expenses in Cash from the Resid Trust Accounts;
* To the extent that any funds remain in the Resid Trust
Accounts after payment of the Resid Trustee Expenses, each Holder
of an Allowed Resid Priority Indemnity Claim shall receive payment
in Cash from the Resid Trust Accounts on account of such Resid
Priority Indemnity Claims, and, to the extent that any amounts
remain in the Resid Trust Accounts following distribution to the
Resid Trustee and the Holders of the Resid Priority Indemnity
Claims, such funds shall be distributed by the Resid Trustee Pro
Rata to Holders of Allowed Resid Non-Retained Notes Claims;
* Each Holder of a Resid Deficiency Claim on account of an
Allowed Resid Non-Retained Notes Claim shall receive its Pro Rata
Share of Class B Liquidation Trust Interests;
* Each Holder of a Resid Deficiency Claim on account of a
Resid Deficiency Claim on account of an Allowed Resid Non-Retained
Notes Claim shall receive its Pro Rata Share of Class C Liquidation
Trust Interests, which shall be Class C-2A Liquidation Trust
Interests;
* Each Holder of a Resid Deficiency Claim on account of an
Allowed Resid Retained Notes Claim shall receive its Pro Rata Share
of Class C Liquidation Trust Interests, which shall be Class C-2B
Liquidation Trust Interests; and
* Each Holder of an Allowed Resid Subordinated Indemnity Claim
shall receive its Pro Rata Share of Class C Liquidation Trust
Interests, which shall be C-2C Liquidation Trust Interests.
Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim shall receive its Pro Rata Share of the
Class C Liquidation Trust Interests, which shall be Class C-1
Liquidation Trust Interests.
The transactions contemplated by this Plan shall be approved and
effective as of the Effective Date, without the need for any
further state or local regulatory approvals or approvals by any
non-Debtor parties, and without any requirement for further action
by the Debtors, their board of directors, their stockholders, or
any other Person or Entity.
Amounts included in the Wind-Down Budget for any contingent,
disputed administrative expense and priority claims or payment of
wind-down costs and expenses shall be vested in the Liquidation
Trust on the Effective Date and the Liquidation Trust Fees and
Expenses shall be paid from the Liquidation Trust Funding Amount
(and the proceeds thereof), the monetization of the Liquidation
Trust Assets, or other funding obtained by the Liquidation Trust.
On the Effective Date, the Liquidation Trustee will execute the
Liquidation Trust Agreement, thereby establishing the Liquidation
Trust for the benefit of Holders of Allowed Claims receiving
Liquidation Trust Interests.
In accordance with the terms of the Liquidation Trust Agreement,
the Liquidation Trust Assets, consisting of all Distributable
Proceeds, the Wind-Down Account, the Escrow Account (provided that
the funds held in the Escrow Account must first be used to pay all
Allowed Professional Fee Claims and are held in trust for the
Professionals and then available to the Liquidation Trust), the
Retained Causes of Action, the DIP Contributed Assets, Specified
Securitization Entity Assets, all of the Debtors' commercial tort
claims, and all Claims and Causes of Action, with respect to the
foregoing, not released under the Plan or sold in a Sale
Transaction, will vest in the Liquidation Trust pursuant to Article
V.D of the Plan.
Substantially contemporaneously herewith, the Debtors filed the
Solicitation Procedures Motion, requesting entry of any order that
would, among other things: (i) conditionally approve this
Disclosure Statement; (ii) schedule a combined hearing (the
"Combined Hearing") on July 24, 2026, at 9:00 a.m., at which the
Bankruptcy Court will consider (a) final approval of this
Disclosure Statement and (b) confirmation of the Plan; (iii)
establish July 17, 2026, at 4:00 p.m. as (a) the Combined Objection
Deadline and (b) the Voting Deadline; (iv) approving the form and
manner of the notice of the Combined Hearing; (v) establish the
Voting Record Date; and (vi) approve the dates, procedures and
forms applicable to the process of soliciting votes on and
providing notice of the Plan, as well as certain vote tabulation
procedures.
A full-text copy of the Revised Disclosure Statement dated June 1,
2026 is available at https://urlcurt.com/u?l=eKuPv0 from Omni Agent
Solutions, claims agent.
A copy of the Court's Order dated July 27, 2026, is available at
https://urlcurt.com/u?l=9IMeNB from PacerMonitor.com.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a
global franchising company that strategically acquires, markets,
and develops fast casual, quick-service, casual dining, and
polished casual dining concepts around the world. The Company
currently owns 18 restaurant brands: Round Table Pizza, Fatburger,
Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great
American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Café
& Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger,
Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses. FAT Brands franchises and owns over 2,200 units
worldwide.
Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on
Jan. 26, 2026. In its petition, Fat Brands listed estimated assets
and liabilities more than $1 billion.
The Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
Latham & Watkins LLP is serving as legal counsel to the Company.
GLC Advisors & Co., LLC is serving as investment banker, and Huron
Consulting Services LLC is serving as financial advisor. Omni Agent
Solutions, Inc., is serving as claims, noticing and solicitation
agent.
White & Case LLP is representing the Ad Hoc Group of Securitization
Noteholders.
Greenberg Traurig, LLP represents UMB Bank, National Association,
solely in its capacity as Trustee to certain series of notes.
FIELDSTONE A&E: Employs Stevenson & Bullock as Legal Counsel
------------------------------------------------------------
Fieldstone A&E, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to employ Stevenson & Bullock,
P.L.C. as its legal counsel.
The firm will provide these services:
(a) prepare all schedules, applications, motions, orders, and
reports, and appear at bankruptcy court hearings on behalf of the
company in the bankruptcy case;
(b) generally counsel the company in all legal matters during
the Chapter 11 case, including representation in all
bankruptcy-related matters, negotiations and proceedings pertaining
to the Chapter 11 case, and all contested matters, including issues
relating to the automatic stay, cash collateral, and bankruptcy
case administration.
Stevenson & Bullock, P.L.C. received a total of $171,270.26 for
pre-petition fees and expenses for its representation of the
company in preparation for the Chapter 11 case.
At the time of the application, $100,000 remained in the firm's
IOLTA account, and there were no outstanding pre-petition fees or
expenses due to the firm. All fees and expenses must be approved by
the Court by separate order.
Stevenson & Bullock, P.L.C. is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings.
The firm can be reached at:
Charles D. Bullock, Esq.
Elliot G. Crowder, Esq.
Ernest M. Hassan, III, Esq.
Tayler J. Leamon, Esq.
STEVENSON & BULLOCK, P.L.C.
26100 American Drive, Suite 500
Southfield, MI 48034
Telephone: (248) 354-7906
Facsimile: (248) 354-7907
E-mail: cbullock@sbplclaw.com
ecrowder@sbplclaw.com
ehassan@sbplclaw.com
tleamon@sbplclaw.com
About Fieldstone A&E, LLC
Fieldstone A&E, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-48494) on July 30,
2026.
At the time of the filing, Debtor had estimated assets of between
$1,000,001 and $10 million and liabilities of between $500,001 and
$1 million.
Judge Thomas J. Tucker oversees the case.
Stevenson & Bullock, P.L.C. is Debtor's legal counsel.
FINAL TOUCH: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
Final Touch Apparel, Inc. received interim approval from the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division, to use cash collateral.
The Debtor, which designs, sources, imports, and sells garments
nationwide, needs to utilize cash collateral to meet an estimated
$161,045 in immediate, critical expenses required during the first
14 days of the case (July 28 to August 11) to prevent immediate and
irreparable harm to its estate.
These urgent disbursements encompass manufacturing obligations
($54,146), fabric and material purchases ($10,000), biweekly
employee payroll and related taxes/401(k) fees ($21,749), facility
leases across its warehouse, showroom, and office locations
($33,289), merchant platform fees ($15,000), shipping and logistics
($9,480), and import customs duties ($13,260).
The Debtor's request to use cash collateral followed a period of
financial distress driven by rising Chinese production costs,
tariffs, domestic operational expenses, and localized disruptions,
which prompted the business to shut down domestic manufacturing in
mid-2025 and shift core production to a single partner in Vietnam.
Maintaining uninterrupted cash flow is crucial to sustaining this
supply chain, which offers advantageous low minimum order
quantities (75–100 units per style) that support the Debtor's
pivot toward high-margin private-label retail programs—and to
ensuring U.S. Customs releases incoming shipments.
As of the petition date, the Debtor holds approximately $1,225,366
in total tangible assets, primarily consisting of inventory
($975,000 retail-adjusted value) and short-term accounts receivable
($161,668), against $3,170,830 in asserted secured claims held by
seven creditors, led by the U.S. Small Business Administration
($2.5 million across two loans), US Bank ($62,920), Celtic Bank,
WebBank, FC Marketplace, and Forward Financing LLC.
A continued hearing will be held on August 18.
Final Touch Apparel, Inc designs, sources, imports, and sells
garments.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-17492-NB) on
July 28, 2026. In the petition signed by Mark Min Hyul Kim,
president, the Debtor disclosed up to $10 million in both assets
and liabilities.
Judge Neil W. Bason oversees the case.
Matthew D. Resnik, Esq., at RHM Law LLP, represents the Debtor as
legal counsel.
FINCH PROPERTY: Court Extends Cash Collateral Access to Aug. 31
---------------------------------------------------------------
Finch Property Chicago, LLC received third interim approval from
the U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, to use cash collateral from August 1 through
August 31, 2026, to fund ordinary business operations.
Under the third interim order, the Debtor is authorized to use cash
collateral only for expenses included in the approved budget.
Aggregate monthly disbursements may exceed the budget by up to 10%,
provided there are no changes to officer salaries or rent. The
Debtor may not incur additional administrative expenses, other than
approved professional fees, without prior Court approval after
notice to Loan Funder, LLC.
As adequate protection, Loan Funder, LLC will be granted
replacement liens on the Debtor's pre-petition and post-petition
property, with the same validity, extent, and priority as its
pre-petition liens. In addition, the lender is entitled to receive
monthly contractual interest payments of $1,310.36.
As further protection, the Debtor is required to maintain insurance
on all assets at the greater of replacement value or fair market
value, name Loan Funder s an additional insured or loss payee and
provide proof of coverage upon request.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/yIUUm from PacerMonitor.com.
The continued hearing is scheduled for August 28.
Loan Funder, as secured lender, is represented by:
Timothy R. Yueill, Esq.
Law Offices of Ira T. Nevel, LLC
175 N. Franklin St., Ste. 201
Chicago, IL 60606
Phone: 312-357-1125
TimothyY@nevellaw.com
About Finch Property Chicago, LLC
Finch Property Chicago, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill., Case No.
26-08890) on May 25, 2026, with $100,001 to $500,000 in both assets
and liabilities. Matthew Brash of Newpoint Advisors Corporation
serves as Subchapter V trustee for the Debtor.
Judge Nancy A. Peterman presides over the case.
Penelope N. Bach, Esq., at Bach Law Offices represents the Debtor
as bankruptcy counsel.
FINCH THERAPEUTICS: Plan Exclusivity Period Extended to Oct. 19
---------------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware extended Finch Therapeutics Group, Inc.
and its affiliates' exclusive periods to file a plan of
reorganization and obtain acceptance thereof to Oct. 19 and Dec.
17, 2026, respectively.
As shared by Troubled Company Reporter, the Debtors explain that
they have been operating under the protection of chapter 11 for
approximately three months, and during this short period of time
have made significant and material progress in administering these
chapter 11 cases. The extension requested in this Motion will
provide the Debtors and their advisors the opportunity to complete
the solicitation and confirmation of the Combined Disclosure
Statement and Plan.
The Debtors believe that the requested extensions of the Exclusive
Periods will afford the Debtors time to complete the solicitation
of the Combined Disclosure Statement and Plan and to confirm the
Combined Disclosure Statement and Plan.
The Debtors claim that the Combined Disclosure Statement and Plan,
which was filed contemporaneously with the Conditional Approval and
Procedures Motion, provides for the sale of substantially all of
the Debtors' assets, which the Debtors expect will generate
sufficient proceeds to pay all allowed claims in full and provide a
meaningful distribution to equity holders. Accordingly, the Debtors
submit that this factor weighs in favor of the requested extension
of the Exclusive Periods.
The Debtors assert that termination of the Exclusive Periods would
adversely impact the Debtors' progress in these chapter 11 cases.
Simply put, if the requested extensions are denied, upon expiration
of the Exclusive Periods, any party in interest would be free to
propose a plan for the Debtors and solicit acceptances thereof.
Counsel to the Debtors:
Robert A. Weber, Esq.
Aaron J. Bach, Esq.
Alison R. Maser, Esq.
CHIPMAN BROWN CICERO & COLE, LLP
Hercules Plaza
1313 North Market Street, Suite 5400
Wilmington, DE 19801
Telephone: (302) 295-0191
E-mail: weber@chipmanbrown.com
bach@chipmanbrown.com
maser@chipmanbrown.com
- and -
Daniel G. Egan, Esq.
CHIPMAN BROWN CICERO & COLE, LLP
420 Lexington Avenue, Suite 442
New York, NY 10170
Telephone: (646) 741-5529
E-mail: egan@chipmanbrown.com
- and -
Cristine Pirro Schwarzman, Esq.
ROPES & GRAY LLP
1211 Avenue of the Americas
New York, NY 10036
Telephone: (212) 596-9000
E-mail: cristine.schwarzman@ropesgray.com
About Finch Therapeutics Group
Finch Therapeutics Group Inc. is a microbiome therapeutics company
founded in 2014 that focused on technologies designed to restore
the human microbiome and address diseases linked to microbial
imbalances. The company built an intellectual property portfolio of
more than 160 U.S. and international patents and applications
covering donor-derived and donor-independent therapies for
conditions such as ulcerative colitis, Crohn's disease and autism
spectrum disorder. After discontinuing its Phase III CP101 trial
for recurrent Clostridioides difficile infection in January 2023,
Finch ceased development activities and shifted its focus to
monetizing its intellectual property through licensing and
enforcement, and as of March 22, 2026, is non-operating with no
consistent revenue or positive cash flow, with its primary assets
consisting of its intellectual property and related research
portfolio.
Finch Therapeutics Group and its affiliates filed their voluntary
petitions for Chapter 11 protection (Bankr. D. Del. Lead Case No.
26-10409) on Mar. 22, 2026. In the petitions signed by Matthew P.
Blischak, chief executive officer, Finch Therapeutics Group
disclosed up to $10 million in assets and up to $50,000 in
liabilities.
Judge Laurie Selber Silverstein oversees the cases.
The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes &
Gray LLP as counsel and Rock Creek Advisors as investment banker
and financial advisor. Omni Agent Solutions, Inc. is the Debtors'
claims and noticing agent.
FISCHER AG: Seeks to Hire Worth Clark Realty as Realtor
-------------------------------------------------------
Fischer AG, LLC and affiliate seek approval from the U.S.
Bankruptcy Court for the Eastern District of Missouri to employ
Worth Clark Realty as realtor.
The firm will market and sell the 15 acres located at Prices Branch
Rd., and 65 acres located at 171 Highway JJ.
The firm will be paid a commission of 4.5 percent of the final sale
price of the Property.
Mr. Stock 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:
Aaron Stock
Worth Clark Realty
100 Chesterfield Business Pkwy, Suite 2F
Chesterfield, MO 63005
Tel: (636) 345-8860
About Fischer AG, LLC
Fischer AG, LLC, doing business as Fischer Trucking, provides
interstate freight transportation services. The company hauls
general freight, agricultural products, dry bulk commodities, and
metal goods. It operates from Missouri with a small fleet serving
regional and interstate routes.
Fischer AG sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Miss. Case No. 25-20127) on July 30,
2025, with $2,643,600 in assets and $2,420,098 in liabilities.
Chris Fischer, owner, signed the petition.
Judge Kathy A. Surratt-States oversees the case.
David M. Dare, Esq., at Herren, Dare & Streett represents the
Debtor as legal counsel.
FORM LOS ANGELES: Unsecureds Will Get 7.8% over 60 Months
---------------------------------------------------------
Form Los Angeles LLC filed with the U.S. Bankruptcy Court for the
Central District of California a Plan of Reorganization for Small
Business dated July 22, 2026.
The Debtor is a California limited liability company organized on
Dec. 17, 2021. The Debtor's principal place of business is 835 N.
La Brea Avenue, Los Angeles, California, where the Debtor designs,
and makes stone furniture.
The Debtor's proposed 5-year projections itemize the Debtor's
revenue source and the expenses for the next 5 years. The Debtor
intends to fund its plan from the continued operation of its
business.
Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 7.8 cents on the dollar. This Plan also provides
for the payment of administrative and priority claims.
Class 3(a) consists of Non-priority unsecured creditors. The total
amount of the allowed general unsecured claims is $3,079,758.08 and
includes the undersecured portion of the claims of Oakwood and
Shopify Capital, and excluded Lab La Brea, LLC's claim which is
classified separately in Class 3(b).
Based on the liquidation analysis and the income valuation of the
Debtor's assets, the holders of allowed general unsecured claims
will be receiving an estimated 7.8% pro-rata distribution through
the plan. The distribution to allowed general unsecured claims will
be made monthly, with the first payment of $4,000.00 due on the
effective date, followed by 59 consecutive payments, each in the
amount of $4,000.00 to be paid pro-rata to each holder of allowed
general unsecured claim.
Class 3(b) consists of Non-priority unsecured claim of Lab La Brea,
LLC. Lab La Brea holds a pre-petition claim in the amount of
$82,991.19 for pre-petition arrears and rental reimbursements. The
Debtor wishes to assume the lease, continue making the contractual
payments to Lab La Brea and cure pre-petition arrears over 12
months by proposing monthly payments of $6,915.93. Th first payment
will be due on the effective date, followed by 11 consecutive
monthly payments thereafter, each in the amount of $6,915.93, until
the pre-petition arrears are paid in full.
The Debtor intends to fund its plan from the continued operation on
its business.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=vxmTj4 from
PacerMonitor.com at no charge.
About Form Los Angeles LLC
Form Los Angeles LLC is a California limited liability company
organized on Dec. 17, 2021.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-13976) with $100,001
to $500,000 in assets and $1,000,001 to $10 million in liabilities.
The petition was signed by Jordan Mosslar as founder and owner.
Judge Hon. Deborah J Saltzman oversees the case.
The Debtor is represented by:
Michael Jay Berger
Tel: 310-271-6223
Email: michael.berger@bankruptcypower.com
FREEDOM TRAILERS: Hires Rountree Leitman Klein as Counsel
---------------------------------------------------------
Freedom Trailers, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Georgia to employ Rountree, Leitman,
Klein & Geer, LLC to serve as legal counsel.
The firm will provide these services:
(a) giving the Debtor legal advice with respect to its powers
and duties as Debtor-in-Possession in the management of its
property;
(b) preparing on behalf of the Debtor as Debtor-in-Possession
necessary schedules, applications, motions, answers, orders,
reports and other legal matters;
(c) assisting in examination of the claims of creditors;
(d) assisting with formulation and preparation of the disclosure
statement and plan of reorganization and with the confirmation and
consummation thereof; and
(e) performing all other legal services for the Debtor as
Debtor-in-Possession that may be necessary herein.
The firm's attorneys and other personnel within the firm will
undertake the representation at their standard hourly rates.
Attorney hourly rates range from $375 to $645. Paralegals and staff
hourly rates range from $175 to $250, and the law clerk hourly rate
is $200.
The firm received a pre-petition retainer of $75,000 from the
Debtor.
Rountree, Leitman, Klein & Geer, LLC is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code,
according to court filings.
The firm can be reached at:
Will B. Geer, Esq.
Elizabeth A. Childers, Esq.
ROUNTREE LEITMAN KLEIN & GEER, LLC
Century Plaza I
2987 Clairmont Road, Suite 350
Atlanta, GA 30329
Telephone: (404) 584-1238
E-mail: wgeer@rlkglaw.com
echilders@rlkglaw.com
About Freedom Trailers, LLC
Freedom Trailers, LLC is a Tifton, Georgia-based manufacturer of
enclosed cargo trailers. The company operates a manufacturing
facility in Willacoochee, Georgia, employs between 100 and 249
workers, and remains an active motor carrier with a fleet that
logged more than 83,000 miles during 2025.
Freedom Trailers, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Ga. Case No. 26-70742) on July 6,
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 U.S. Bankruptcy Judge assigned to the case handles
the proceedings.
The Debtor is represented by Elizabeth Ann Childers, Esq. and Will
Bussell Geer, Esq. of Rountree, Leitman, Klein & Geer, LLC.
FROGGY FLATS: Seeks to Tap Deschenes & Duhon as Counsel
-------------------------------------------------------
Froggy Flats, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Montana to hire Zach B. Duhon, Esq. of Deschenes &
Duhon, PLLC to serve as legal counsel.
The attorney and the firm will provide these services:
(a) representing Applicant in all matters in this case;
(b) assisting with the current and any modified chapter 11
plans;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Mr. Duhon will receive an hourly rate of $300, and paralegals will
receive hourly rates of $155 to $175.
Deschenes & Duhon, PLLC is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings, except that Mr. Duhon previously represented the
company in this case through Deschenes & Associates Law Offices.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About Froggy Flats
Froggy Flats, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mont. Lead Case No. 23-40050) on July
18, 2023. In the petition signed by William H. Stewart, member, the
Debtor disclosed up to $1 million in both assets and liabilities.
Judge Benjamin P. Hursh oversees the case.
Gary S. Deschenes, Esq., at Deschenes & Associates Law Offices,
serves as the Debtor's counsel.
GATES ENTERPRISES: Gets Final OK to Use Cash Collateral
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado entered a
final order authorizing Gates Enterprises, LLC to use cash
collateral.
Under the final order, the Debtor is authorized to use cash
collateral only in accordance with the court-approved budget, with
spending variances limited to 15% unless approved by secured
creditors or the court.
The Debtor's primary tangible asset is approximately $1.3 million
in accounts receivable, most of which is expected to be collected
in the ordinary course.
The creditors that may claim a security interest in the Debtor's
cash and related assets are the U.S. Small Business Administration
and Chase Bank.
The SBA holds a first position security interest in the Debtor's
assets stemming from an EIDL loan and security agreement, which was
perfected with the Colorado Secretary of State by filing a UCC
financing statement. Meanwhile, Chase Bank, which is servicing an
SBA loan, holds a second position security interest in the Debtor's
assets stemming from a loan and security agreement, which was
perfected with the Colorado Security of State by filing a UCC
financing statement. The SBA and Chase Bank are owed $500,000 and
$1 million, respectively.
As adequate protection, the court granted the SBA, Chase Bank and
other secured creditors replacement liens on the Debtor's
inventory, income, and other post-petition assets to the extent
their collateral value declines. The replacement liens maintain the
same priority as the creditors' pre-petition liens.
The order allows payment of subcontractors and suppliers holding
valid trust fund claims and preserves all secured creditors' rights
and lien positions with respect to the Debtor's assets.
A copy of the court's order and the Debtor's budget is available at
https://h1.nu/1Azqc from PacerMonitor.com.
About Gates Enterprises LLC
Gates Enterprises LLC is a roofing company based in Lakewood,
Colorado. Founded by Andrew Gates, the company provides exterior
services including roof replacement, roof repair, storm and hail
damage repair, siding, gutters, windows, paint, insurance
restoration, and drone roof inspections. Gates Enterprises serves
homeowners across Colorado's Front Range and created HailScore, a
hail risk assessment tool.
Gates Enterprises LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Col. Case No.
26-13280) on May 8, 2026, listing up to $50,000 in assets and $1
million to $10 million in liabilities. The petition was signed by
Andrew Gates as president.
Judge Joseph G Rosania Jr presides over the case.
Jonathan M. Dickey, Esq. at Kutner Brinen Dickey Riley, P.C. serves
as the Debtor's counsel.
G&G Funding, as lender, is represented by:
Btzalel Hirschhorn, Esq.
ANDERSON BOWMAN, PLLC
8002 Kew Gardens Rd. Ste. 600
Kew Gardens, NY 11415
Tel: (718) 262-6800
Email: bhirschhorn@andersonbowman.com
GENETCO INC: Seeks to Hire Spence Law Office as Counsel
-------------------------------------------------------
Genetco, Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire Spence Law Office, P.C. to
serve as counsel.
The firm will provide these services:
(a) give Genetco guidance with respect to its power and
responsibility in the continued management of its property;
(b) attend Section 341 hearings;
(c) negotiate with creditors in formulating a plan of
reorganization and take the necessary legal steps to institute a
plan of reorganization;
(d) prepare all necessary petitions, reports, applications,
orders and other legal papers;
(e) appear before the United States Bankruptcy Court and
represent Genetco in all matters pending before the Court; and
(f) perform all legal services that may be necessary and
appropriate.
The firm will receive hourly rates of $575 for partners/principals,
$325 to $575 for associates and of counsel attorneys, and $150 for
paralegals. Prior to the bankruptcy filing, the firm received a
$35,000 retainer and the $1,738 filing fee, for a total of
$36,738.
Spence Law Office, 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:
Robert J. Spence, Esq.
SPENCE LAW OFFICE, P.C.
55 Lumber Road, Suite 5
Roslyn, NY 11576
Telephone: (516) 336-2060
About Genetco, Inc.
Genetco, Inc. is a Ronkonkoma, New York-based generic
pharmaceutical distributor that supplies generic drugs from
pharmaceutical manufacturers to pharmacies, hospitals and other
health-care facilities. Founded in 1986, the company operates from
a 24,000-square-foot facility and distributes products through
licenses covering 48 states.
Genetco, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 26-72195) on May 29, 2026. At the
time of the filing, the company had estimated assets of $670,393
and liabilities of $5,170,929 .
Judge Sheryl P. Giugliano oversees the case.
Spence Law Office, P.C. is the company's legal counsel.
GENETCO INC: Taps Lindenwood Associates as Financial Advisor
------------------------------------------------------------
Genetco, Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire Lindenwood Associates, LLC to
serve as financial advisor.
The firm will provide the following services:
(a) providing the court with monthly operating reports
consistent with the standards and forms provided by the United
States Trustee;
(b) maintaining a 13-week cashflow projection and updating it
periodically;
(c) appear for the company in court conferences when
necessary;
(d) develop the financial projections and liquidation analysis
to support the feasibility of a bankruptcy plan;
(e) conduct claims analysis and administer disputed claims;
(f) assist counsel in the development of the disclosure
statement and plan of reorganization and/or 363 asset sale, if
applicable;
(g) conduct avoidance action analysis to determine preferences
and fraudulent conveyances;
(h) provide counsel with support for litigation, if
applicable;
(i) perform any required post-confirmation reporting and other
required tasks; and
(j) address any other items relevant to the above services
upon request of the company or its counsel.
Lindenwood received an initial retainer of $15,000, a supplemental
retainer of $15,000, and was directly paid $15,219.97 for services
rendered prior to the petition date. Nat Wasserstein, Managing
Partner, and Bruce Berger, Managing Partner, each bill at an hourly
rate of $550.
Lindenwood Associates, LLC is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code and does not hold
or represent an interest adverse to the estate, according to court
filings.
The firm can be reached at:
Bruce D. Berger, CPA, CFE, CVA
Nat Wasserstein, JD, MBA, CFE
LINDENWOOD ASSOCIATES, LLC
P.O. Box 181
Sparkill, NY 10976
Telephone: (845) 398-9825
E-mail: nat@lindenwoodassociates.com
bruce@lindenwoodassociates.com
About Genetco, Inc.
Genetco, Inc. is a Ronkonkoma, New York-based generic
pharmaceutical distributor that supplies generic drugs from
pharmaceutical manufacturers to pharmacies, hospitals and other
health-care facilities. Founded in 1986, the company operates from
a 24,000-square-foot facility and distributes products through
licenses covering 48 states.
Genetco, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 26-72195) on May 29, 2026. At the
time of the filing, the company had estimated assets of $670,393
and liabilities of $5,170,929 .
Judge Sheryl P. Giugliano oversees the case.
Spence Law Office, P.C. is the company's legal counsel.
GENETCO INC: Taps Maltz Auctions as Broker and Marketing Agent
--------------------------------------------------------------
Genetco, Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire Maltz Auctions, Inc. to serve
as broker and marketing agent.
The firm will provide these services:
(a) review the Company's business and assets in preparation for
marketing including reviewing all related documents (i.e., leases,
contracts, applications, licenses) relating to the business and its
assets;
(b) create a targeted marketing plan for the sale of the Company's
business and assets that may include advertisement to create
interest, and disseminate approved marketing materials;
(c) solicit interested purchasers, including stalking-horse
bidders, and communicate with parties who express interest in the
Company's business and assets;
(d) respond to sale inquiries, provide information to interested
purchasers, and negotiate with potential purchasers regarding the
Company's business and/or assets;
(e) arrange for physical inspection of the Company's business and
its assets by potential purchasers; and
(f) perform such other tasks as requested by the Company in
contemplation of the sale of its assets.
Under the proposed engagement, Maltz Auctions will receive a
minimum fee of $20,000 if no other bidder is located and the sale
closes with the stalking-horse bidder under the existing Plan
Sponsorship Agreement. If competitive bidding results in Total
Consideration exceeding $200,000, the firm will instead receive 10
percent of the Total Consideration. Commissions and expenses are
subject to Court approval.
Maltz Auctions, Inc. is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code, according to court
filings.
The firm can be reached at:
Richard B. Maltz
Chief Executive Officer
MALTZ AUCTIONS, INC.
39 Windsor Place
Central Islip, NY 11722
About Genetco, Inc.
Genetco, Inc. is a Ronkonkoma, New York-based generic
pharmaceutical distributor that supplies generic drugs from
pharmaceutical manufacturers to pharmacies, hospitals and other
health-care facilities. Founded in 1986, the company operates from
a 24,000-square-foot facility and distributes products through
licenses covering 48 states.
Genetco, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 26-72195) on May 29, 2026. At the
time of the filing, the company had estimated assets of $670,393
and liabilities of $5,170,929.
Judge Sheryl P. Giugliano oversees the case.
Spence Law Office, P.C. is the company's legal counsel.
GLOBAL ENTERPRISE: Plan Confirmation Hearing Scheduled for Sept. 29
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
hold a hearing on Sept. 29, 2026 at 1:30 p.m. before the Honorable
Scott M. Grossman to confirm the Plan of Reorganization of Global
Enterprise of South Florida, Inc., d/b/a Global Enterprise Disaster
Restoration.
The following deadlines apply with respect to the confirmation
hearing and hearing on fee applications:
* September 15, 2026 is the deadline for filing ballots accepting
or rejecting the Plan.
* September 15, 2026 is the deadline for filing objections to
confirmation of the Plan.
* September 4, 2026 is the deadline for filing and serving fee
applications.
* September 8, 2026 is the deadline for filing and serving notice
summarizing all fee applications.
As shared by the Troubled Company Reporter, the Debtor filed for
Subchapter V Chapter 11 bankruptcy on April 17, 2026, to preserve
the value of the business, continue operations, restructure secured
and tax debt, and resolve creditor claims.
The reorganization plan will be funded through:
* Continued business operations,
* Collection of accounts receivable, and
* The Debtor's projected disposable income.
SBA Secured Claim (Class 1): The Plan provides for one class of
secured claims, consisting of the SBA loan. The allowed secured
claim is fixed at $388,882.00 (subject to any court determination).
The loan will be reamortized at 3.75% interest over the remaining
288-month term through July 31, 2050, resulting in estimated
monthly payments of $2,049.82. The SBA will retain its liens until
the secured claim is paid in full. The estimated unsecured balance
of $157,678.78 will be treated separately as a Class 2 unsecured
claim.
Nonpriority Unsecured Claims (Class 2): After payment or
reservation for administrative expenses and priority tax claims,
the remaining Plan Distribution Fund will be distributed pro rata
to allowed Class 2 creditors. The Debtor estimates: Administrative
expenses of $40,000.00, with $22,602.50 covered by counsel's
retainer and the remainder funded through the plan.
On the Effective Date, the Debtor will continue operating its
disaster restoration business, with Tivadar Bodorlo remaining as
president and sole owner.
The Debtor will establish a Plan Distribution Fund financed by
operating cash flow, accounts receivable collections, and other
lawful proceeds. Beginning 30 days after the Effective Date, the
Debtor will make: 35 monthly contributions of $2,248.86 and A final
contribution of $2,248.90, totaling at least $80,959.00 over 36
months.
In addition, the Debtor will make estimated monthly SBA payments of
$2,049.82 during the same period, totaling approximately
$73,793.52. The combined fixed monthly plan obligation is projected
to be $4,298.68, and the total fixed plan-related payments over the
36-month period are projected at $154,752.52.
A full-text copy of the Plan of Reorganization dated July 16, 2026
is available at https://urlcurt.com/u?l=PQoV41 from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Andrew Kamensky, Esq.
Tax Workout Group, PA
Boca Raton, FL 33432
Telephone: (888) 282-9333
Facsimile: (866) 511-2384
Email: akamensky@twg.law
A copy of the Court's Order dated July 22, 2026, is available at
https://urlcurt.com/u?l=7nFbTH from PacerMonitor.com.
About Global Enterprise of South Florida
Global Enterprise of South Florida, Inc., operates a disaster
restoration business in Pompano Beach, Florida.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14885) on April 17,
2026. In the petition signed by Tivadar Bodorlo, president, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.
Judge Scott M. Grossman oversees the case.
Andrew Kamensky, at Tax Workout Group, PA, is the Debtor's legal
counsel.
GRANT THORNTON: Moody's Puts 'B2' CFR on Review for Downgrade
-------------------------------------------------------------
Moody's Ratings placed Grant Thornton Advisors Holdings LLC's
(Grant Thornton) ratings on review for possible downgrade,
including the B2 corporate family rating and B2-PD probability of
default rating. Moody's also placed on review for downgrade Grant
Thornton Advisors LLC's B2 backed senior secured bank credit
facility ratings. The facility consists of a $650 million backed
senior secured first lien revolving credit facility expiring 2029,
$3.63 billion backed senior secured first lien term loan maturing
2031 and EUR850 million backed senior secured first lien term loan
due 2032. Previously, the outlook for both entities was stable.
Grant Thornton is an international professional services firm that
offers audit, tax, and advisory services.
Yesterday, GT announced that it has entered into a definitive
agreement to acquire publicly-traded CBIZ, Inc. (CBIZ, unrated) in
an all-cash transaction, funded in part with equity from New
Mountain Capital, with an enterprise value of $5 billion. The
combined companies will operate in more than 20 countries and
territories, generate nearly $7.5 billion in revenue and employ
more than 34,500 professionals. CBIZ's Benefits and Insurance
Services segment will be moved into a new, stand-alone entity and
not be part of the combined enterprise. Financing terms have not
been announced.
Moody's review will focus on the amounts and terms of the debt
financing and the likelihood of obtaining regulatory and CBIZ
shareholder approval. The review will also consider the company's
forecasts for revenue and profitability rates, long-term financial
strategy in the context of the improvement in business profile of
the combined entity, the likely pace of deleveraging post-closing,
the impact to Moody's prior Grant Thornton forecasts from the
potential disruption to clients and employees from the combination
and the quality of earnings following the transaction close.
RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR
DOWNGRADE OF THE RATINGS
The transaction heralds a larger firm with greater capabilities.
However, Moody's expects an extended period of disruption to Grant
Thornton's customers and professionals due to the uncertainty
surrounding the eventual operational impacts of the merger. Moody's
also anticipates diminished quality of earnings once the
transaction closes as the combined company will likely outline a
merger integration and cost management program that will feature
financial metric adjustments for transaction and implementation
costs incurred to achieve targeted cost savings and other planned
synergy benefits.
Although currently unlikely given the review for downgrade, Grant
Thornton's ratings could be upgraded if it demonstrates and
maintains more conservative financial policies, sustains
debt/EBITDA below 5.5x and maintains a good liquidity profile.
The ratings could be downgraded if revenue growth is less than
Moody's anticipates, EBITDA margins remain less than 16%, earnings
quality remains constrained by large, ongoing transaction-related
adjustments, client or partner attrition rates worsen, debt/EBITDA
remains above 6.5x or liquidity deteriorates.
CBIZ, Inc. (NYSE: CBZ) is a professional services advisor with
industry knowledge and expertise in accounting, tax, advisory,
benefits, insurance and technology with more than 9,500 team
members across 23 US markets. CBIZ revenue for the twelve months
ended March 31, 2026 was approximately $2.7 billion.
Grant Thornton, headquartered in Chicago, Illinois, serves over
22,500 clients globally across various industries. Revenue is
derived mostly from US middle market business clients as of
September 30, 2025, but the company is rapidly expanding its
geographic footprint, including through acquisition of certain of
its non-US affiliates. The company is owned by an investor group
led by private equity sponsor New Mountain Capital, L.L.C. and
Grant Thornton's employees and partners. Moody's expects
approaching $5 billion of revenue in 2026.
The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.
GUNTER LAND: Unsecured Creditors Will Get 100% of Claims in Plan
----------------------------------------------------------------
Gunter Land NTX, LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Texas a Disclosure Statement in support of Plan
of Reorganization dated July 23, 2026.
The debtor is a single asset real estate owner that owns the
Panther Trail Addition in Van Alstyne, Texas. The debtor acquired
the property intending to develop the residential lots and sell
them to Silver Spur.
After the agreement with Silver Spur was terminated, Silver Spur
sought to enforce its alleged rights under that agreement. The
debtor filed for Chapter 11 to complete the sale of the residential
lots and use the proceeds to pay creditors.
Following a marketing process, the debtor entered into a Real
Estate Purchase and Sale Agreement with Oak National Development,
LLC. The purchaser agreed to buy the 81 residential lots for
$167,500 per lot through five separate closings. The sale does not
include the existing residential home or the commercial lot. The
debtor filed a motion to approve the sale on May 3, 2026, and the
court approved it on June 16, 2026.
The first closing occurred on July 16, 2026, with the purchaser
paying $8,543,892 for 51 residential lots. Proceeds from the first
closing were used to:
* Pay Cadence in full.
* Apply the remaining funds to Silver Spur's claim, along with
payment of title, broker, tax, and other ordinary fees.
* An additional refund from Cadence due to an interest calculation
error was also applied to Silver Spur's claim.
Treatment of Claims
Class 5 Unsecured Claims:
* Estimated unsecured claims total $600,000.
* Estimated recovery is 100% ($600,000).
* Holders of allowed unsecured claims will:
-- Receive their pro rata share of the unsecured creditor
recovery.
-- Accrue interest at the applicable rate until paid.
-- Be paid in full, including applicable interest, but not more
than 100% of their allowed claims plus post-petition interest as
provided under the plan.
* This class is impaired.
Plan Funding
The plan will be funded through:
* Cash on hand.
* The sale of the 81 residential lots under the purchase
agreement.
* Proceeds from the debtor's operations, including proceeds from
Impact Fee Reimbursement Rights.
The total sale price for the 81 residential lots is expected to be
approximately $13,567,500. The debtor states that the sale proceeds
will be sufficient to pay all allowed claims in full, to the extent
they have not already been paid before the plan's effective date.
The existing residential home and commercial lot are excluded from
the sale and are retained by the debtor.
A full-text copy of the Disclosure Statement dated July 23, 2026 is
available at https://urlcurt.com/u?l=3zSGqP from PacerMonitor.com
at no charge.
Counsel for the Debtor:
Eric T. Haitz, Esq.
H. Brandon Jones, Esq.
Bailey C. Pompea, Esq.
Bonds Ellis Eppich Schafer Jones LLP
420 Throckmorton Street, Suite 1000
Fort Worth, TX 76102
Telephone: (817) 405-6900
Facsimile: (817) 405-6902
Email: eric.haitz@bondsellis.com
About Gunter Land NTX, LLC
Gunter Land NTX, LLC is a Dallas-based real estate company
associated with property ownership and land-related activity in
North Texas. The company, whose listed address is in Dallas, is
linked to property in Van Alstyne, Grayson County, Texas.
Gunter Land NTX, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No.
26-41416) on April 24, 2026, listing $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Donald Craig Barrow as authorized member.
Eric T. Haitz, Esq. at BONDS ELLIS EPPICH SCHAFER JONES LLP serves
as the Debtor's counsel.
HARBOR FREIGHT: Moody's Ups CFR to Ba3 & Senior Secured Debt to B1
------------------------------------------------------------------
Moody's Ratings upgraded Harbor Freight Tools USA, Inc.'s (HFT)
corporate family rating to Ba3 from B1, its probability of default
rating to Ba3-PD from B1-PD and its senior secured bank credit
facility rating due 2031 to B1 from B2. The outlook remains
stable.
The upgrades reflect HFT's progress on diversifying its sourcing
and realizing cost reductions as its value proposition continues to
resonate with consumers. Although US trade policy remains
uncertain, tariff costs have been reduced since the Supreme Court's
IEEPA ruling and HFT has received significant refunds which have
enhanced its cash position. Moody's expects credit metrics to
remain moderate, assuming slow sales growth and continued cost
pressures, with debt/EBITDA at 3.3x and EBIT/Interest of 4.1x at
its fiscal year ending July 2027. The upgrade also reflects HFT's
very good liquidity, given its large undrawn ABL, positive free
cash flow and its consistent financial policy under its founder
owner. Harbor Freight has proven its ability to rationalize its
cost base and lower capital investments when needed to support its
profitability and liquidity.
RATINGS RATIONALE
HFT's Ba3 CFR reflects its unique niche in providing value priced
tools and equipment which has historically resulted in continued
revenue growth and an ability to attract new customers. HFT's
business strategy of direct sourcing proprietary brands has driven
its ability to price product at relatively lower points compared to
its competitors. The company's product offering is well positioned
in an environment where customers are focused on value. Harbor
Freight, although dependent on imported product, has diversified
its countries of origins mix, reducing its reliance on China and
has increased its range of products to meet the DIY customer as
well as the professional contractor.
The rating also reflects governance considerations including its
commitment to net funded leverage (as defined by the company)
between 2.0-3.0x and the prioritization of debt reduction over
future dividends. HFT made a voluntary $100 million repayment of
its term loan on May 29, 2026. HFT has very good liquidity as its
$1.6 billion ABL due 2029 had $1.549 billion available with no
borrowings outstanding and had $243 million of cash as of April 30,
2026. Nonetheless, HFT is also relatively more modest in scale when
compared to the larger home improvement and auto-parts retailers
and has a more narrow product offering.
The stable outlook reflects that HFT can continue to diversify its
sourcing strategy as its capital plans accelerate, as well as
successfully manage its pricing model and cost structure in the
face of an uncertain US trade policy. The outlook also reflects a
commitment to conservative financial policies and the maintenance
of positive free cash flow.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Factors that could result in an upgrade would require consistent
organic sales and operating income growth with operating margins in
line with historical levels. An upgrade would require new stores to
meet targeted returns and also require a conservative financial
policy that prioritizes maintaining very good liquidity.
Quantitatively, an upgrade would require debt/EBITDA sustained
below 3.0 times and EBIT/interest coverage sustained above 4.0
times.
Factors that could result in a downgrade include a sustained
deterioration in operating performance, an increase in debt or
reduction in liquidity, including negative free cash flow
generation. Quantitatively, ratings could be downgraded if
debt/EBITDA was sustained above 4.5 times or EBIT/interest coverage
below 2.5 times.
Headquartered in Calabasas, California, Harbor Freight Tools USA,
Inc. sells value priced tools and equipment through over 1,648
stores in 48 states as well as through the internet and its call
centers. Harbor Freight Tools USA, Inc. is privately owned by Mr.
Eric Smidt. Revenue is in excess of $9.3 billion as of April 30,
2026.
The principal methodology used in these ratings was Retail and
Apparel published in September 2025.
HEALTHEQUITY INC: Moody's Ups CFR to Ba2 & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Ratings upgraded HealthEquity, Inc.'s ("HealthEquity")
corporate family rating to Ba2 from Ba3 and its probability of
default rating to Ba2-PD from Ba3-PD. Concurrently, Moody's
upgraded the $600 million senior unsecured notes rating to Ba3 from
B1. The speculative grade liquidity rating (SGL) remains unchanged
at SGL-1 reflecting very good liquidity. The outlook has been
changed to stable from positive.
The upgrade reflects HealthEquity's sustained positive operating
performance and the successful integration of the BenefitWallet
acquisition. The acquisition has increased the company's scale,
while improving free cash flow generation and more rapid debt
reduction than originally anticipated, resulting in lower financial
leverage as measured by debt/EBITDA.
RATINGS RATIONALE
HealthEquity, Inc.'s Ba2 CFR is supported by moderate leverage with
debt/EBITDA less capitalized software costs of 2.1x (a full turn
better than the previous fiscal year end), good interest coverage
as measured by EBITDA less capital expenditures to interest expense
of 9.0x, both for the LTM period ended April 30, 2026, and strong
EBITDA margins now in the low to mid 30s percent range.
HealthEquity is the largest non-bank custodian of Health Savings
Accounts (HSA) in the US and an administrator of other
consumer-directed benefits (CDB) offered by employers. The
company's competitive position has been strengthened by the
successful acquisition and integration of BenefitWallet, further
reinforcing its leadership in the HSA market. This established
market position provides strong revenue visibility and supports
consistent profitability and robust free cash flow generation. For
the last twelve months ended April 30, 2026, the company generated
more than $400 million of free cash flow (Moody's adjusted),
equivalent to approximately 40% of total debt, underscoring its
strong cash flow profile and financial flexibility.
HealthEquity's rating is constrained by its relatively modest,
albeit growing, revenue scale, with revenue exceeding $1.3 billion
for the twelve months ended April 30, 2026, which remains below
that of many Ba2-rated business services issuers and certain
industry peers. In addition, the rating incorporates the risk that
a weaker labor market or a lower interest rate environment could
moderate organic growth and pressure profitability. The rating also
reflects the company's financial policy, which includes the
opportunistic use of debt-funded acquisitions as a component of its
growth strategy. The potential for a more shareholder-friendly
capital policy following the recent upsize of HealthEquity's share
buyback program by $1 billion in May of this year also constrains
the rating, although only $547 million of this $1.6 billion
authorization has been repurchased.
HealthEquity's liquidity profile is very good, as reflected in the
SGL-1 speculative grade liquidity rating. This is supported by
roughly $265 million of cash as of April 30, 2026, and Moody's
expectations for around $400-450 million a year of free cash flow
in fiscal years 2027 and 2028 (ending January 31). Moody's expects
approximately $600 million will remain available under the $1
billion revolver (unrated, expiring in August 2029) over the next
12 to 15 months. The company has stated that the revolving credit
facility may be used in the future for working capital and general
corporate purposes, including the financing of acquisitions and
other investments.
The revolver has two financial covenants, including a maximum gross
leverage ratio (as defined in the agreement) of 5.0x or less and
minimum interest coverage of 3.0x or more. Moody's expects
HealthEquity will maintain a comfortable cushion for both
covenants. Any debt amortization payments over the next couple of
years should be easily paid from internally generated free cash
flow. The $600 million 4.5% senior unsecured notes due 2029 is
rated Ba3, which is one notch below the Ba2 CFR, reflecting their
subordination to the unrated secured obligations in Moody's
hierarchy of claims at default.
The stable outlook reflects Moody's expectations for mid to
high-single digit range organic revenue growth, debt/EBITDA less
capitalized software costs sustained between 2.5 -3.5x at least
$300 million of free cash flow. The company has been able to
maintain and achieve lower leverage levels for several quarters
even while instituting the recent share buy-back program. The
outlook also anticipates that HealthEquity will maintain
opportunistic financial strategies, emphasizing acquisitions of
other HSA and CDB businesses and portfolios funded with a range of
sources, including incremental debt. The outlook could be changed
to negative from stable if the company is unable to generate
continued organic growth throughout the business cycle or if
operating performance materially trails Moody's expectations.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be upgraded over time if HealthEquity further
expands its revenue scale in both a weaker economic cycle and
declining interest rate environment, sustains EBITDA margins above
35% and maintains debt/EBITDA less capitalized software costs below
2.0x.
The ratings could be downgraded if Moody's anticipates revenue
growth will slow, meaningful market share losses, EBITDA margins
will decline substantially, a fall in free cash flow to debt
remaining below 20%, or debt/EBITDA less capitalized software costs
will be maintained above 3.5x.
The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.
HealthEquity's Ba2 rating is two notches below the
scorecard-indicated outcome. The difference is explained by the
company's opportunistic financial policies, exposure to
macroeconomic cyclicality both in terms of employment and interest
rates, as well as its relatively smaller scale versus larger more
diversified competitors.
HealthEquity, Inc. (NYSE:HQY), based in Draper, UT, provides
technology-enabled services that help consumers manage
tax-advantaged HSAs and other CDBs offered by their employers.
Moody's expects FY2028 (ends January) revenue to exceed $1.4
billion.
HELP TO ADJUST: Seeks to Hire Richard S. Feinsilver as Counsel
--------------------------------------------------------------
Help to Adjust Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Richard S.
Feinsilver to handle its Chapter 11 case.
Mr. Feinsilver will be paid at the rate of $500 per hour. Mr.
Feinsilver received from the Debtor a retainer of $10,000.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Feinsilver disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached at:
Richard S. Feinsilver, Esq.
1400 Old Country Road, Suite 315
Westbury, NY 11590
Tel: (516) 873-6330
Email: feinlawny@yahoo.com
About Help to Adjust Inc.
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.
Help to Adjust Inc., filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 8-26-72930) on July 27, 2026. At the time of the
filing, the company had total assets of $47,600 and total
liabilities of $1,523,715. The petition was signed by Donald D
Sinkfield as president.
The Debtor hires Richard S. Feinsilver, Esq. as counsel.
HOLLY INVESTMENT: Hires RE/MAX Prestige as Real Estate Broker
-------------------------------------------------------------
Holly Investment Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ RE/MAX Prestige
Properties as real estate broker.
The firm will market and sell the Debtor's real property located in
Riverside County, Desert Hot Springs, CA 92241.
The firm will be paid a commission of 10 percent of the sales
price.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Melissa Cheng
RE/MAX Prestige Properties
411 E Huntington Dr., Ste 214
Arcadia, CA 91006
Tel: (626) 374-3781
About Holly Investment Inc.
Holly Investment Inc. is an Arcadia, California-based lessor of
nonresidential buildings. As stated in the bankruptcy filing, the
company operates as a single asset real estate business, with
current operations focused on managing its nonresidential real
estate holdings in Monterey Park, California while pursuing
financial restructuring.
Holly Investment Inc. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16142) on June
19, 2026. In its petition, the Debtor reports estimated assets of
$1 million to $10 million and estimated liabilities of $1 million
to $10 million.
Honorable Bankruptcy Judge Barry Russell handles the case.
The Debtor is represented by Robert Altagen, Esq., of Robert S.
Altagen.
INSPIRED HEALTHCARE: Seeks to Extend Plan Exclusivity to Nov. 30
----------------------------------------------------------------
Inspired Healthcare Capital Holdings, LLC and affiliates asked the
U.S. Bankruptcy Court for the Northern District of Texas to extend
their exclusivity periods to file a plan of reorganization and
obtain acceptance thereof to Nov. 30, 2026 and Feb. 1, 2027,
respectively.
This is the Debtors' second request for an extension of their
Exclusive Periods, the Debtors submit that the relevant factors
strongly weigh in favor of an extension of the Exclusive Periods.
The Debtors explain that the Chapter 11 Cases are sufficiently
large and complex to warrant the requested extension of the
Exclusive Periods. There are 161 Debtors involved in the Chapter 11
Cases, which met the requirements for and were designated as
complex cases. Thus, the Debtors submit that the size and
complexity of the Chapter 11 Cases weigh in favor of granting the
requested extension of the Exclusive Periods.
In sum, the Debtors have made significant and material progress
throughout these Chapter 11 Cases, and that progress has continued
since the Court entered the First Exclusivity Order on June 2,
2026. Most notably, since June 2, 2026, the Debtors have further
advanced the sale process by designating various stalking horse
bidders for numerous of their senior-living communities and intend
to designate additional stalking horse bidders for additional
assets prior to the bid deadline.
However, the Debtors cannot meaningfully propose or negotiate a
chapter 11 plan until the sale process has concluded, including the
sale hearing and any subsequent closing. Given these developments
and the significant work that remains before a plan can be
proposed, the continued good faith efforts of the Debtors strongly
support a further extension of the Exclusive Periods.
The Debtors claim that they are currently focusing on value
maximizing sales or reorganization efforts for the benefit of all
stakeholders. The extension of the Exclusive Periods will ensure
that the Debtors have a full and fair opportunity to continue to
revise, amend, and file their proposed plan and disclosure
statement as necessary without the distraction, cost, and delay of
a competing plan process.
The Debtors state that granting the requested extensions of the
Exclusive Periods will not pressure the Debtors' creditor
constituencies or grant the Debtors any unfair bargaining leverage.
The Debtors have no ulterior motive in seeking an extension of the
Exclusive Periods, nor are they seeking an extension of the
Exclusive Periods to pressure or prejudice any of their
stakeholders.
Rather, the Debtors are seeking an extension merely to ensure that
the Debtors can pursue the resolution of the Chapter 11 Cases
following the conclusion of their sale process, including by
proposing, soliciting, confirming, and consummating a proposed
chapter 11 plan, free from distraction or competing plan proposals.
Therefore, this factor also weighs in favor of extending the
Exclusive Periods.
The Debtors believe that they have reasonable prospects for
proposing, confirming, and consummating a viable chapter 11 plan or
plans. The Debtors are engaging with various key stakeholders with
the goal of obtaining consensus across constituencies that will
serve as the basis for a consensual chapter 11 plan or plans.
Accordingly, the Debtors believe that this factor weighs in favor
of extending the Exclusive Periods.
The Debtors assert that termination of the Exclusive Periods,
particularly at this stage of the Chapter 11 Cases, would adversely
impact the Debtors' efforts to preserve and maximize the value of
their estates and would further complicate the progression of the
Chapter 11 Cases. Without the requested further extension, the
current Exclusive Filing Period would expire on August 31, 2026,
before the sale process has fully concluded and before the Debtors
will be in a position to propose a chapter 11 plan informed by the
outcome of that sale.
Counsel for the Debtors:
Marcus A. Helt, Esq.
Jack G. Haake, Esq.
MCDERMOTT WILL & SCHULTE LLP
2801 N. Harwood Street, Suite 2600
Dallas, Texas 75201-1574
Tel: (214) 295-8000
Fax: (972) 232-3098
Email: mhelt@mcdermottlaw.com
jhaake@mcdermottlaw.com
AND
Daniel M. Simon, Esq.
Carmen Dingman, Esq.
Landon Foody, Esq.
444 West Lake Street, Suite 4000
Chicago, Illinois 60606
Tel: (312) 372-2000
Fax: (312) 984-7700
Email: dsimon@mcdermottlaw.com
cdingman@mcdermottlaw.com
lfoody@mcdermottlaw.com
About Inspired Healthcare Capital
Inspired Healthcare Capital Holdings, LLC, owns senior living
communities across the U.S. that provide independent living,
assisted living, and memory care services. It operates in the
senior housing and healthcare real estate sector, with day-to-day
community operations managed by third-party operators under
management agreements while the Company retains control over
non-community business functions.
Inspired Healthcare Capital Holdings sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case
No. 26-90004) on Feb. 2, 2026. In the petition signed by M.
Benjamin Jones, chief restructuring officer, Inspired Healthcare
Capital Holdings reported between $1 billion and $10 billion in
both assets and liabilities.
Judge Mark X Mullin oversees the cases.
The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy
counsel; Ankura Consulting Group, LLC as financial advisor; Raymond
James & Associates, Inc. as investment banker; and Epiq Corporate
Restructuring, LLC as claims, noticing, and solicitation agent.
INTEGRATED PROTEINS: To Hire Baker Sterchi Cowden as Counsel
------------------------------------------------------------
Integrated Proteins LLC seeks approval from the U.S. Bankruptcy
Court for the District of Kansas to hire Jacqueline M. Longfellow,
Esq. of Baker Sterchi Cowden & Rice LLC to serve as special
counsel.
The attorney will provide these services:
(a) advising Debtor with respect to its rights and obligations in
employment related litigation, and in particular, Paya Toliver v.
Integrated Proteins, LLC, ResourceOne Global, LLC, and Joseph
Hubbard, United States District Court for the Western District of
Missouri, Case No. 5:25-cv-06150-SRB, pending before Judge Stephen
R. Bough;
(b) advising Debtor with respect to its rights and obligations in
regulatory, licensing and governmental relations legal matter, and
in particular, the OSHA investigation and administrative matter
arising from the complaint filed by Ben Hubbard and threatened
Whistleblower and Regulatory Actions against Integrated Proteins
LLC, Heartland AG Feed, LLC, and ResourceOne Global, LLC;
(c) advising Debtor with respect to its rights and obligations in
other employment related claims and matters including but not
limited to the pending EEOC Claim styled, Elton Norman v.
Integrated Proteins; and
(d) representing the Debtor in the above matters, and any other
matters that may arise in connection with Debtor's reorganization
proceeding and its business operations.
Jacqueline M. Longfellow and other BSCR principals will receive an
hourly rate of $350, BSCR associates will receive an hourly rate of
$250, and BSCR paralegals will receive an hourly rate of $125. BSCR
will also seek reimbursement of out-of-pocket expenses, including
copying, internet related costs for document access and research,
travel, postage, express mail, delivery costs, filing fees,
transcript costs, and other expenses.
BSCR has been paid $103,526.23 for prepetition legal services.
Outstanding invoices for services total $17,230.41. In addition,
BSCR has incurred additional fees and expenses that have not yet
been billed. The total amount of such unbilled fees and expenses is
currently estimated to be approximately $12,000. BSCR is holding
$19,809.50 of Debtor in its trust account.
Jacqueline M. Longfellow and Baker Sterchi Cowden & Rice LLC are
"disinterested persons" as that term is defined in Section 101(14)
of the Bankruptcy Code, according to the court filings.
The firm can be reached at:
Jacqueline M. Longfellow, Esq.
BAKER STERCHI COWDEN & RICE LLC
2400 Pershing Road, Suite 500
Kansas City, MO 64108
About Integrated Proteins LLC
Integrated Proteins, LLC and affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Lead Case No.
26-20713) on May 6, 2026. At the time of filing, Debtors had
estimated assets of between $50,000,001-$100 million and
liabilities of between $100,000,001-$500 million.
Judge Dale L Somers oversees the case.
Prelle Eron & Bailey, P.A. and Haupt Law PC serve as the Debtors'
legal counsel. David R. Payne, executive managing director at
Marshall & Stevens serves as the Debtor's chief restructuring
officer.
IVS COMM: Seeks to Hire Donald Darnell, Esq. as Legal Counsel
-------------------------------------------------------------
IVS COMM, Inc. seeks court approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to employ Donald C. Darnell,
Esq., a professional admitted to practice law in Michigan, as its
legal counsel.
The attorney will provide these services:
(a) represent the company in this Chapter 11 case and advise
it regarding its rights, duties, and powers under the Bankruptcy
Code;
(b) prepare and file all necessary statements, schedules,
petitions, plans, pleadings, and other documents, and negotiate and
prepare a plan of reorganization;
(c) represent the company at hearings, meetings of creditors,
conferences, trials, negotiations, and other proceedings, including
confirmation hearings and other matters required in the Chapter 11
case; and
(d) perform such other legal services as may be necessary in
connection with the Chapter 11 case, including representation in
claim disputes and adversary proceedings, if required.
Mr. Darnell will receive $375 per hour, plus reimbursement of
actual expenses, with all post-petition compensation subject to
court approval.
Mr. Darnell 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:
Donald C. Darnell, Esq.
8005 Main St., Ste. 5
Dexter, MI 48130
Telephone: (734) 424-5200
E-mail: dondarnell@darnell-law.com
About IVS Comm Inc.
IVS Comm, Inc., is a provider of cloud communication services for
small to medium-sized companies that need the functionality and
quality offered to large companies at an affordable cost. The
company is based in Plymouth, Mich.
IVS Comm, Inc. sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-47549) on
July 6, 2026. In its petition, the Debtor reports estimated assets
of $100,001 to $500,000 and estimated liabilities of $100,001 to
$500,000.
The Honorable Thomas J. Tucker handles the case.
The Debtor is represented by Donald C. Darnell. Richardo I.
Kilpatrick is appointed Subchapter V Trustee.
J W INSULATION: Seeks to Hire Dal Lago Law as Counsel
-----------------------------------------------------
J W Insulation LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to employ Dal Lago Law as
counsel.
The firm's services include:
(a) advising as to the Debtor's rights and duties in the
case;
(b) preparing pleadings related to the case, including
developing a plan of reorganization; and
(c) taking any and all other necessary actions incident to the
proper preservation and administration of the estate.
The firm's hourly rates are:
Attorneys:
Michael R. Dal Lago, Esq. $485
Christian Garrett Haman, Esq. $410
Jennifer M. Duffy, Esq. $380
Paraprofessionals:
Kim Christian $240
Fatema Bravo $210
Frances Vazquez $210
Alexia Blakley $200
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Prior to the commencement of the bankruptcy case, the firm received
an advanced fee in the amount of $26,738.
Michael R. Dal Lago, Esq., a member of Dal Lago Law, assured the
court that the firm does not represent or hold any interest adverse
to the Debtor or to the estate.
The firm can be reached through:
Michael R. Dal Lago, Esq.,
Dal Lago Law
999 Vanderbilt Beach Rd Ste 200
Naples, FL 34108-3512
Phone: (239) 571-6877
Email: mike@dallagolaw.com
About J W Insulation LLC
J W Insulation, LLC is a family-owned insulation business based in
North Port, Florida. It provides insulation services and products
including spray foam, fiberglass batt, blown-in insulation, rigid
board, radiant barrier, block foam, and acoustical ceiling
services. It serves West Florida, including Tampa, Sarasota,
Englewood, Port Charlotte, Fort Myers, Naples, and Marco Island.
J W Insulation sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05742) on June 30,
2026, with $100,001 to $500,000 in assets and $1 million to $10
million in liabilities.
Judge Caryl E. Delano presides over the case.
Michael R. Dal Lago, Esq., represents the Debtor as legal counsel.
J. MCCABE PLUMBING: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: J. McCabe Plumbing, Inc.
850 Camden Ave.
Campbell, CA 95008
Business Description: J. McCabe Plumbing, Inc. provides
residential
and commercial plumbing services, including leak detection and
repair, drain cleaning, hydro jetting, repiping, water-heater
installation, water-filtration work, gas-line repair and fixture
installation. Founded in 2004, the company serves homeowners,
general contractors, property managers and commercial property
owners throughout California's South Bay area and is based in
Campbell, California.
Chapter 11 Petition Date: July 29, 2026
Court: United States Bankruptcy Court
Northern District of California
Case No.: 26-51154
Judge: Hon. Stephen L Johnson
Debtor's Counsel: Lars Fuller, Esq.
THE FULLER LAW FIRM PC
60 N Keeble Avenue
San Jose, CA 95126
Tel: (408) 295-5595
E-mail: admin@fullerlawfirm.net
Total Assets: $274,194
Total Liabilities: $1,555,370
The petition was signed by Adrian Sarmento as shareholder.
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/IXRWISQ/J_McCabe_Plumbing_Inc__canbke-26-51154__0001.0.pdf?mcid=tGE4TAMA
JACKSON BROWN: Gets Interim OK to Use Cash Collateral
-----------------------------------------------------
Jackson Brown Court Apartments, LLC received interim approval from
the U.S. Bankruptcy Court for the Northern District of Georgia,
Atlanta Division, to use cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral to fund its operations based on a court-approved
budget.
As of the petition date, the Debtor held approximately $0.34 in
cash on hand. Genesis Capital, LLC holds a senior secured position
under a November 2025 promissory note for a loan of up to
$9,030,000, secured by a deed, assignment of rents, and fixture
filing on the property. Additional potential lienholders include A
and S Capital, LLC, The LCF Group, Inc., and CT Corporation System
(acting as a representative).
Pursuant to the interim order, secured creditors will be granted
adequate protection through replacement liens on the Debtor's
assets similar to their pre-petition collateral, with the same
validity and priority as their pre-petition liens. These
replacement liens do not apply to causes of action.
The order is available at
http://bankrupt.com/misc/JacksonBrown_CCOrder16.pdf
The court scheduled a final hearing for August 31 and set an August
26 deadline for filing objections.
Facing a lawsuit filed on June 24, 2026, by creditor Genesis
Capital, LLC in the Superior Court of DeKalb County, the Debtor
filed for bankruptcy protection to reorganize its financial affairs
and preserve the business as a going concern.
About Jackson Brown Court Apartments LLC
Jackson Brown Court Apartments LLC operates a 64-unit residential
apartment complex in Stone Mountain, Georgia.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-59820-pmb) on July 28,
2026. In the petition signed William Brown, the Debtor disclose up
to $500,000 in assets and up to $50 million in liabilities.
Judge Paul Baisier oversees the case.
Thomas T. McClendon, Esq., at Jones & Walden LLC, represents the
Debtor as legal counsel.
JIN BEH: Seeks to Hire Tittle Santiago as Legal Counsel
-------------------------------------------------------
Jin Beh Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Texas to hire Manolo R. Santiago of Tittle
Santiago, PLLC to serve as legal counsel.
The firm will provide the following services:
(a) provide legal advice with respect to the company's powers
and duties in the continued operation of its business and the
management of its property;
(b) take all necessary action to protect and preserve the
estate, including the prosecution and defense of actions,
negotiations concerning litigation, and objections to claims;
(c) prepare the necessary motions, answers, orders, reports,
and other legal papers in connection with the administration of the
estate;
(d) assist in preparing and filing a plan of reorganization at
the earliest possible date;
(e) perform any and all other legal services in connection
with the Chapter 11 case; and
(f) perform such legal services as may be requested with
respect to any matter, including, but not limited to, corporate
finance and governance, contracts, antitrust, labor, and tax.
The firm will charge its normal hourly rates for attorneys and
legal assistants and will seek reimbursement of out-of-pocket
expenses. All fees and expenses are subject to Bankruptcy Court
approval. Court filings state that Manolo R. Santiago's current
hourly rate is $550, while Brandon J. Tittle's rate is $795. TS
received a $20,000 prepetition retainer, which was fully applied to
prepetition fees and expenses prior to the bankruptcy filing.
Court filings state that Tittle Santiago, PLLC does not hold or
represent any interest adverse to the estate and has no known
connections with the company, its creditors, or other parties in
interest that would disqualify it from serving as counsel.
The firm can be reached at:
Manolo R. Santiago, Esq.
Brandon J. Tittle, Esq.
TITTLE SANTIAGO, PLLC
1125 Legacy Dr., Ste. 230
Frisco, TX 75034
Telephone: 972.213.2316 / 863.303.7140
E-mail: msantiago@tittlesantiago.com
btittle@tittlesantiago.com
About Jin Beh Inc.
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.
Jin Beh Inc. sought protection under Chapter 11 (Subchapter V) of
the Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42526) on July
24, 2026.
At the time of the filing, the company had estimated assets of
between $0 and $50,000 and liabilities of between $1 million to $10
million.
Judge Brenda T. Rhoades oversees the case.
Tittle Santiago, PLLC is the company's legal counsel.
JOHNSON GROUP: Files Emergency Bid to Use Cash Collateral
---------------------------------------------------------
Johnson Group of KY, LLC asks the U.S. Bankruptcy Court for the
Eastern District of Kentucky, Covington Division, for authority to
use cash collateral and provide adequate protection.
At the time of filing, the business held approximately $3,800 in
cash on hand and $29,416 in accounts receivable. The Debtor
highlights an urgent necessity to use this cash collateral to fund
immediate day-to-day operations—such as paying employees and
insiders, purchasing fuel, and maintaining equipment—in order to
avoid severe and immediate harm to the business and its estate.
To protect the interests of its secured lenders over a proposed
14-week period, the Debtor outlines specific adequate protection
arrangements for each creditor.
For Forward Financing, LLC, which asserts an approximate $20,000
merchant cash advance claim secured by accounts and receivables,
the Debtor proposes monthly payments of $405 based on a 60-month
amortization at 7.75% interest. In addition, Forward Financing
would receive a post-petition replacement lien on receivables and a
$3,000 monthly administrative carve-out for professional fees to be
deposited into The Baker Firm, PLLC's IOLTA account.
For De Lage Laden Financial Services, Inc., which holds a judgment
and an approximate $249,402 claim secured by a 2023 Kenworth W990
valued at $215,000, the Debtor offers monthly adequate protection
payments of $2,000 to cover interest and depreciation.
For Mitsubishi HC Capital America, Inc., holding an approximate
$15,000 claim on a 2020 Volvo VHD64F valued at $115,000, the Debtor
proposes monthly payments of $469 based on a 36-month term at 7.75%
interest.
Finally, Pathward, National Association, holds two claims. The
first is a $60,000 lien on a 2022 Western Star 49X valued at
$170,000, with proposed monthly payments of $1,210. The second is
an $80,000 lien on a 2018 Volvo EC220EL Tracked Excavator valued at
$70,000, with proposed monthly payments of $1,410. Both Pathward
proposals are calculated over a 60-month term at 7.75% interest.
Across all secured claims, the Debtor commits to maintaining
required insurance coverage on all tangible assets, naming each
affected creditor as a loss payee, and conducting routine equipment
maintenance in the ordinary course of business. The Debtor
explicitly reserves all rights to challenge the perfection or
validity of any creditor's lien, clarifying that making adequate
protection payments does not waive any defenses or rights to
object. Additionally, the Debtor requests a 10% overage variance on
its projected 14-week budget.
The Debtor also asks the court to schedule a final hearing for
September 8, 2026, at 10:30 a.m.
A copy of the motion is available at https://urlcurt.com/u?l=Qi52dW
from PacerMonitor.com.
About Johnson Group of KY, LLC
Johnson Group of KY, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Kent. Case No. 26-20742) on July
28, 2026. In the petition signed by Jeff Johnson, member, the
Debtor disclosed up to $1 million in assets and up to $500,000 in
liabilities.
Michael B. Baker, Esq., at The Baker Firm, PLLC, represents the
Debtor as legal counsel.
JTBOL ENTERPRISE: Hires Law Offices of Al Malone as Counsel
-----------------------------------------------------------
JTBOL Enterprise LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas to employ The Law Offices of Al
Malone to handle its Chapter 11 case.
The firm will be paid at these rates:
Alvin Q. Malone $350 per hour
Legal Assistants $100 per hour
The firm received a pre-petition retainer of $7,500 and a deposit
of $1,738.
In addition, the firm will seek reimbursement for its out-of-pocket
expenses.
Mr. Malone 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:
Alvin Q. Malone, Esq.
The Law Offices of Al Malone
3100 W. Southlake Blvd., Ste 110
Southlake, TX 76092
Tel: (817) 953-3112
Email: al@maloneattorney.com
About JTBOL Enterprise LLC
JTBOL Enterprises LLC is a privately held limited liability company
engaged in commercial business activities. The bankruptcy filing
provides limited public information regarding the company's
specific operations, products, or services.
JTBOL Enterprises LLC sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42603) on June
12, 2026. In its petition, the Debtor reports estimated assets
ranging from $0 to $100,000 and estimated liabilities between
$100,001 and $1 million.
Honorable Bankruptcy Judge Mark X. Mullin handles the case.
The Debtor is represented by Alvin Q. Malone, Esq., of Law Offices
of Al Malone.
KARMA HOME: Case Summary & Nine Unsecured Creditors
---------------------------------------------------
Debtor: Karma Home Designs, LLC
d/b/a Karma Construction Group
4005 Anacostia Ave NE
Washington, DC 20019
Business Description: Karma Home Designs, LLC, doing business as
Karma Construction Group, is a Washington, D.C.-based general
contractor that provides residential, commercial and institutional
construction, renovation, remodeling, roofing and property-
restoration services.
Chapter 11 Petition Date: July 23, 2026
Court: United States Bankruptcy Court
District of Columbia
Case No.: 26-00379
Judge: Hon. Elizabeth L Gunn
Debtor's Counsel: Augustus T. Curtis, Esq.
OFFIT KURMAN, P.A.
7501 Wisconsin Ave, Suite 1000W
Bethesda, MD 20814
Tel: 240-507-1756
Fax: 240-507-1735
E-mail: augie.curtis@offitkurman.com
Estimated Assets: $0 to $50,000
Estimated Liabilities: $1 million to $10 million
The petition was signed by Jordan Wanamaker Javier as managing
member.
A full-text copy of the petition, which includes a list of the
Debtor's nine unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/HJI6CIA/Karma_Home_Designs_LLC__dcbke-26-00379__0001.0.pdf?mcid=tGE4TAMA
KATIE EDSON: Richard Maxwell Named Subchapter V Trustee
-------------------------------------------------------
Matthew C. Cheney, the Acting U.S. Trustee for Region 4, appointed
Richard Maxwell of Woods Rogers Vandeventer Black PLC as Subchapter
V trustee for Katie Edson MD, LLC.
Mr. Maxwell 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. Maxwell declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Richard C. Maxwell
Woods Rogers Vandeventer Black PLC
10 S. Jefferson Street, Suite 1800
Roanoke, VA 24011
Telephone: 540-983-7628
About Katie Edson MD LLC
Katie Edson MD, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70787) on July
27, 2026, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.
Andrew S. Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C.
represents the Debtor as legal counsel.
KRASNOFF DOMESTIC: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Lead Debtor: Krasnoff Domestic Growth Fund, LP
12 S. Main St. #4
Pennington NJ 08534
Business Description: Krasnoff Domestic Growth Fund, LP is a
Pennington, New Jersey-based private investment fund focused
primarily on large-cap equities, while its affiliate, Krasnoff
Capital Management LLC, manages the fund's investment activities.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
District of New Jersey
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
Krasnoff Domestic Growth Fund, LP (Lead Case) 26-18662
Krasnoff Capital Management LLC 26-18663
Judge: Hon. Christine M Gravelle
Debtors' Counsel: Vincent Roldan, Esq.
MANDELBAUM BARRETT PC
3 Becker Farm Road
Roseland NJ 07068
Tel: 973-974-9815
E-mail: vroldan@mblawfirm.com
Debtors'
Financial
Advisor: REFLECT ADVISORS, LLC
Krasnoff Domestic's
Estimated Assets: $1 million to $10 million
Krasnoff Domestic's
Estimated Liabilities: $10 million to $50 million
Krasnoff Capital's
Estimated Assets: $1 million to $10 million
Krasnoff Capital's
Estimated Liabilities: $10 million to $50 million
The petitions were signed by Adam Zalev as chief restructuring
officer.
The Debtors did not submit lists of their 20 largest unsecured
creditors along with the petitions.
Full-text copies of the petitions are available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/MAN4OLI/Krasnoff_Domestic_Growth_Fund__njbke-26-18662__0001.0.pdf?mcid=tGE4TAMA
https://www.pacermonitor.com/view/MWJMJXQ/Krasnoff_Capital_Management_LLC__njbke-26-18663__0001.0.pdf?mcid=tGE4TAMA
LASER GODDESS: Hires BFSNG Law Group LLP as Counsel
---------------------------------------------------
Laser Goddess Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ BFSNG Law Group, LLP
as counsel.
The firm's services include:
(a) providing legal advice with respect to the powers and
duties of the company in the continued management of its business
and property;
(b) representing the company before the Bankruptcy Court and
at all hearings on matters pertaining to its affairs, including
prosecuting and defending litigated matters as they may arise
during the Chapter 11 case;
(c) advising and assisting the company in the preparation and
negotiation of a Plan of Reorganization with its creditors;
(d) preparing all necessary or desirable applications,
answers, orders, reports, documents and other legal papers; and
(e) performing all other legal services which may be desirable
and necessary.
The firm will be compensated at hourly rates ranging from $600 to
$725 for partners, $500 to $550 for associates, and $210 for
paralegals. The Debtor paid the firm a $15,000 retainer plus a
$1,738 filing fee, which will be applied toward future fees and
expenses.
According to court filings, BFSNG Law Group, LLP is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.
The firm can be reached at:
Gary C. Fischoff, Esq.
BFSNG Law Group, LLP
6851 Jericho Turnpike, Suite 250
Syosset, NY 11791
Telephone: (516) 747-1136
About Laser Goddess Inc.
Laser Goddess, Inc operates a laser hair removal and skin treatment
business in Smithtown, New York.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 1-26-43281-ess) on July
7, 2026. In the petition signed by Beth Christenson, president, the
Debtor disclosed up to $100,000 in assets and up to $500,000 in
liabilities.
Judge Elizabeth A. Stong oversees the case.
Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the
Debtor as bankruptcy counsel.
LD CONSTRUCTION: To Employ Deschenes & Duhon as Counsel
-------------------------------------------------------
LD Construction, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Montana to hire Zach B. Duhon, Esq. of
Deschenes & Duhon, PLLC to serve as legal counsel.
The attorney and the firm will provide these services:
(a) representing Applicant in all matters in this case;
(b) preparing and prosecuting a chapter 11 plan;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Mr. Duhon will receive an hourly rate of $300, and paralegals will
receive hourly rates of $155 to $175. The Debtor will also deposit
$2,000.00 per month beginning August 1, 2026, into the firm's trust
account.
Deschenes & Duhon, PLLC is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings, except that Mr. Duhon previously represented the
company in this case through Deschenes & Associates Law Offices.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About LD Construction, Inc.
LD Construction Inc. is a construction company in Montana.
LD Construction Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D Mont. Case No. 23-40063) on Sept. 15,
2023. In the petition filed by Brian D. Larson, as president, the
Debtor estimated assets and liabilities between $1 million and $10
million.
The Debtor is represented by Gary S. DEeschenes, Esq. of Deschenes
& Associates Law Offices.
LEFKO LLC: Seeks $25,000 DIP Loan
---------------------------------
Lefko, LLC, doing business as Salute Market, asks the U.S.
Bankruptcy Court for the Southern District of Florida for authority
to obtain postpetition financing.
Owned and managed by Michelle and Robert Lefkowitz, the Debtor
previously operated an upscale restaurant, wine bar, and catering
business in Palm Beach Gardens, Florida, before filing for Chapter
11 relief on April 3, 2026. Prepetition operational failure stemmed
from post-pandemic revenue declines (dropping from $3.1 million in
FY2023 to $2.57 million in FY2025), a fraudulent failed purchase
attempt by representatives of "FT95" in early 2025 (currently under
active FBI investigation under Case No. 318B-NK-405592), usurious
merchant cash advance debts (currently challenged in pending
adversary proceedings against Fora Financial and IOU Central,
Inc.), and an unassisted $25,000 HVAC failure leading to $34,362 in
rent arrears.
To reorganize, the Debtor is pivoting from its high-overhead
restaurant lease ($11,000 monthly base rent) to a low-overhead,
commercial-kitchen catering model. The feasibility of this
transition was substantially enhanced on July 15, 2026, when the
Court approved the assignment of the Debtor's restaurant lease to
Salvatore Biundo (operator of Amalfi Coastal Kitchen & Cocktails),
which cured all rent defaults, eliminated the landlord's claim, and
generated approximately $48,000 in net cash consideration for the
estate.
The Debtor seeks authority to execute an unsecured $25,000 DIP term
loan facility with a prospective third-party lender. Having
demonstrated that traditional unsecured administrative credit under
section 503(b)(1) was unavailable due to bankruptcy status and
industry risk, the Debtor structured the facility as a 30-month
loan bearing a 12.5% annual interest rate (requiring cash
interest-only payments of approximately $260 per month on a fully
drawn balance). The facility includes a 1.5%–2.0% closing fee
($375–$500), a 2.0% exit fee ($500), and a 7-year warrant
allowing the Lender to acquire 5% of the reorganized Debtor's fully
diluted equity at a nominal exercise price of $0.01 per interest.
The DIP loan is unsecured and carries no liens on estate
assets—avoiding priming disputes with prepetition secured
creditors or adequate protection burdens under section 364(d)—and
relies exclusively on super-priority administrative expense status
under 11 U.S.C. section 364(c)(1), subordinate only to standard
professional fee carve-outs for the Debtor, Subchapter V Trustee
Tarek Kirk Kiem, and the U.S. Trustee. Reduced from an initial
$50,000–$75,000 estimate due to the lease assignment proceeds,
the $25,000 DIP funds are strictly budgeted for commercial kitchen
deposits (e.g., Culinary Studios in Lake Park), catering equipment,
permits, marketing, initial inventory, payroll stabilization, and
Chapter 11 administrative costs during months 2–5 of the plan.
The Debtor submits that the financing satisfies the business
judgment standard, represents a good-faith credit extension
eligible for appellate protection under 11 U.S.C. section 364(e),
and provides the vital bridge liquidity necessary to achieve a 100%
payout to allowed general unsecured creditors across its 60-month
reorganization plan (which projects $1,048,050 in total net
operating cash flow).
A copy of the motion is available at https://urlcurt.com/u?l=uZ7Ji7
from PacerMonitor.com.
About LEFKO LLC
LEFKO LLC, doing business as Salute Market, operates a high-end
restaurant in Palm Beach Gardens with indoor/outdoor seating, live
entertainment, a premium wine and spirits selection, and a catering
business.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14231) on April 3,
2026. In the petition signed by Michelle Lefkowitz, managing
member, the Debtor disclosed up to $500,000 in assets and up to $10
million in liabilities.
Ivan J. Reich, Esq., at Nason Yeager Gerson Harris & Fumero, PA
represents the Debtor as counsel.
LUGINBILL CONSTRUCTION: Gets Court OK to Use Cash Collateral
------------------------------------------------------------
Luginbill Construction, LLC received approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to use cash
collateral.
At the recently held hearing, the court authorized the Debtor's use
of cash collateral and set a further hearing for October 1.
As of the petition date, the Debtor identified $332,136 in personal
property constituting cash collateral, comprising $13,500 across
two bank accounts and $318,636 in accounts receivable. The Debtor's
prepetition secured debt structure consists of:
(1) The Peoples Bank Company: Holds a first-priority blanket UCC
lien securing an estimated $50,146 line-of-credit balance.
(2) The Farmers & Merchants State Bank: Holds a second-priority
blanket UCC lien securing an estimated $104,685 line-of-credit
balance.
(3) U.S. Small Business Administration: Holds a third-priority
blanket UCC lien securing an estimated $2,000,000 loan.
(4) Junior Creditors (Vox Funding and PEAC Solutions): Vox holds
an uncollateralized $61,000 merchant cash advance claim from a
March 2026 transaction, while PEAC Solutions holds a $222,646 loan
secured by a July 2026 UCC filing that ranks junior to the top
three lienholders.
To adequately protect these interests, Luginbill Construction
offers making contractually due quarterly payments to senior
lenders Peoples and Farmers, while offering no direct cash payments
to the SBA or junior creditors on the grounds that junior claims
are fully undersecured under Section 506(a). Instead, all secured
parties will receive post-petition replacement liens maintaining
their prepetition priority to the extent their collateral
diminishes in value.
The Debtor also commits to maintaining property insurance, paying
required taxes, satisfying Chapter 11 Trustee fees of $500 per
month, and operating strictly within its proposed budget—allowing
for a 20% variance on individual line items or a 15% variance in
the aggregate.
About Luginbill Construction LLC
Luginbill Construction, LLC is a Rockford, Ohio-based general
contractor specializing in residential, commercial, and
agricultural construction. The company maintains its principal
place of business in Van Wert, Ohio, and continued providing
general contracting services across those sectors through early
2026.
Luginbill Construction sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-31566) on July 2,
2026. In its petition, the Debtor reports estimated assets of
$100,000 to $500,000 and estimated liabilities of $1 million to $10
million.
Honorable John P. Gustafson handles the case.
The Debtor is represented by Steven L. Diller, Esq.
LUV SHAK: Unsecured Creditors to be Paid in Full in Plan
--------------------------------------------------------
Luv Shak Hospitality, Inc. filed with the U.S. Bankruptcy Court for
the Southern District of Florida a Plan of Reorganization under
Subchapter V dated July 22, 2026.
The Debtor is a Florida corporation that owns and operates The Blue
Anchor, an English-style pub and restaurant located in Delray
Beach, Florida.
The Debtor is wholly owned by Mark D. Snyder, who serves as its
President and sole shareholder. The restaurant operates under a
commercial lease that extends through December 31, 2034, with
current base rent of $12,100 per month, increasing to $13,600 per
month in 2030, plus additional rent.
Before filing for bankruptcy, the restaurant was forced to close
following multiple shutdowns by the Board of Health and the
Debtor's inability to fund necessary maintenance of the premises.
The resulting loss of revenue caused the Debtor to fall behind on
rent and other obligations. The landlord declared the Debtor in
default, accelerated the remaining rent due under the lease, and
filed a state court action seeking possession of the property,
accelerated rent, property damages, and enforcement of Mr. Snyder's
personal guaranty. The Debtor filed for Chapter 11 under Subchapter
V on April 23, 2026.
The Plan states that distributions to creditors are not dependent
on the future performance of the reopened restaurant. Long-term
obligations after the Effective Date include the reinstated SBA
loan (if that option is selected), the License Loan, and ongoing
lease payments, all of which are intended to be supported by
projected cash flow, working capital provided through the Plan
Investment, and a payment priority structure.
Treatment of Claims and Equity
* General Unsecured Claims (Class 3):
-- Holders of allowed claims will receive 100% payment in cash,
together with interest from the Petition Date through payment at
the federal judgment rate.
-- Payment will be made on the later of the Effective Date or
fourteen days after the claim becomes allowed.
-- Scheduled unsecured claims total approximately $5,650, subject
to reconciliation with filed proofs of claim.
-- Because these claims are paid in full with interest, the class
is unimpaired.
* Equity Interests (Class 4):
-- Mark D. Snyder will retain 100% ownership of the reorganized
Debtor.
-- No equity interests will be cancelled, transferred, issued, or
diluted under the Plan.
-- Because all creditor claims are paid in full, the Plan states
that retention of the equity interests is consistent with the
Plan's treatment of creditors.
-- Class 4 is unimpaired.
The Plan is funded primarily through a committed Plan Investment
provided by a Plan Investor, together with any available cash on
hand. The investment will provide sufficient funds to:
* Pay all allowed administrative expense claims, including accrued
postpetition rent.
* Pay all allowed priority tax claims in full.
* Pay the cure amount required to assume the lease.
* Pay all allowed general unsecured claims in full with interest.
* Cure and reinstate, or alternatively pay in full, the SBA
secured claim.
* Cure and reinstate the approximately $150,000 secured License
Loan.
* Provide working capital to restore utilities, prepare for
reopening, and resume restaurant operations, including at least
$25,000 in working capital.
* The Plan Investment Agreement will identify the investor,
demonstrate its financial ability to fund the Plan, and specify the
terms of any new equity interests. The investment is non recourse
to Mark D. Snyder personally.
The Plan concludes that it is feasible because creditor payments
are funded by the Plan Investment rather than relying on the future
profitability of the reopened restaurant.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=WbtynK from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Adam I. Skolnik, Esq.
LAW OFFICE OF ADAM I. SKOLNIK, P.A.
1761 West Hillsboro Boulevard, Suite 201
Deerfield Beach, FL 33442
Telephone: (561) 265-1120
Facsimile: (561) 265-1828
E-mail: askolnik@skolniklawpa.com
About Luv Shak Hospitality Inc.
Luv Shak Hospitality, Inc., is a Florida corporation that owns and
operates The Blue Anchor, an English-style pub and restaurant
located at 804 East Atlantic Avenue, Delray Beach, Florida 33483.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-15130) on April 23,
2026, with $100,001 to $500,000 in assets and liabilities.
Adam I. Skolnik, Esq. represents the Debtor as legal counsel.
M & J ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: M & J Electric of Wichita, LLC
d/b/a M & J Electric of Charlotte
f/d/b/a M & J Installations of Charlotte
1422 Babbage Ln.
Indian Trail, NC 28079
Business Description: M & J Electric of Wichita, LLC provides
residential and commercial electrical contracting and installation
services. The company also performs electrical work for fuel
centers and convenience stores. Founded in 2004, it serves the
Wichita, Kansas, and Charlotte, North Carolina, areas.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
Western District of North Carolina
Case No.: 26-31031
Judge: Hon. Laura T Beyer
Debtor's Counsel: Matthew A. Winer, Esq.
HAMILTON STEPHENS STEELE + MARTIN, PLLC
525 North Tryon Street, Suite 1400
Charlotte, NC 28202
Tel: (704) 344-1117
Fax: (704) 344-1483
E-mail: mwiner@lawhssm.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Jason Parks as manager and CEO.
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/JG4IILA/M__J_Electric_of_Wichita_LLC__ncwbke-26-31031__0001.0.pdf?mcid=tGE4TAMA
M&M CUSTARD: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas entered a
fourth supplemental interim order granting M&M Custard, LLC and its
affiliated debtors approval to use cash collateral.
The order incorporates the terms of the prior third interim order,
except for specific modifications.
The court approved a revised budget filed on July 23, with two key
changes. The budgeted $300,000 miscellaneous deposit scheduled for
July 31 was reduced to $150,000, and the managing members'
management fees were reduced to $30,769.23 per financial period.
The deadline referenced in the prior interim order was also
extended to August 21 while all other terms remain in effect.
The court further authorized Equity Bank to release $150,000 from
the $524,628.64 remaining Employee Retention Tax Credit refund it
is holding for the Debtors. The released funds must be used
exclusively to pay extraordinary expenses presented to the court
and to cover cure costs related to assumed nonresidential real
property leases, including applicable real and personal property
taxes. The court will later determine whether the Debtors must
repay this amount, along with the previously released $112,049.84
from the ERTC refund.
The court scheduled a telephonic status conference for August 5,
2026, to review the Debtors' sale efforts and cash collateral usage
and set another interim hearing for August 20, 2026.
A copy of the court's order is available at
https://shorturl.at/YKyjl from PacerMonitor.com.
About M&M Custard LLC
M&M Custard LLC, doing business as Freddy's Frozen Custard &
Steakburgers, operates 30+ franchise locations across six
Midwestern and Southern U.S. states. Headquartered in Overland
Park, Kansas, M&M Custard was founded in 2010, opened its first
location in Jefferson City, Missouri in 2012, and has expanded into
Missouri, Kansas, Illinois, southern Indiana, Kentucky, and
Tennessee. The Debtor operates fast-casual restaurants specializing
in steakburgers, hot dogs, and frozen custard, and manages its
stores through individual subsidiary LLCs, collectively holding 41
store franchise license agreements with Freddy's.
M&M Custard and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Kan. Lead Case No. 25-21650) on
November 14, 2025. In its petition, M&M Custard reports estimated
assets between $1 million and $10 million and estimated liabilities
between $10 million and $50 million.
The Debtors are represented by Colin N. Gotham, Esq., at Evans &
Mullinix, P.A.
M.D.K. HOLDINGS: Claims to be Paid from Rental Income
-----------------------------------------------------
M.D.K. Holdings LLC filed with the U.S. Bankruptcy Court for the
Middle District of Florida a Disclosure Statement describing Plan
of Reorganization dated July 23, 2026.
The debtor is a Florida limited liability company formed in March
2007. It is a real estate holding company whose sole asset is a
commercial property located at 10843 Dylan Loren Circle, Unit 4,
Orlando, Florida.
The property is also the debtor's principal place of business. The
property is leased to Maxine Moncrieffe D.D.S., P.A. (MMDDS), a
closely held dental practice. Due to unpaid condominium
assessments, WLPCC initiated a foreclosure action with a sale
scheduled for June 11, 2026.
The debtor filed for Chapter 11 to:
* Stop the foreclosure sale.
* Restructure its obligations for the benefit of secured
creditors.
* Establish a process for resolving outstanding claims.
Reorganization Plan
The plan provides for:
* Three classes of secured claims (Classes 1–3).
* One class of equity interests (Class 4).
* Payment of administrative and priority claims.
* Administrative claims will be paid in full on the plan's
effective date.
Treatment of Claims
Class 1 Always.bank (Secured Claim):
* Allowed secured claim is approximately $603,344.97, less pre
petition payments.
* This class is unimpaired.
* The lender will retain its lien, and the reorganized debtor will
continue making regular contractual payments under the existing
loan documents.
Class 2 Orange County Tax Collector (OCTC):
* Allowed secured claim is approximately $38,667.29, less pre
confirmation payments.
* This class is impaired.
* The debtor will make 36 equal monthly payments of $1,397.92,
including principal and interest, based on:
-- A three-year amortization period.
-- 18% annual interest.
* Payments will be made directly by the debtor.
Class 3 Woodland Lakes Professional Center Condominium Association
(WLPCC):
* Allowed secured claim is approximately $35,528.66, less pre
petition payments.
* This class is impaired.
* The debtor will make 36 equal monthly payments of $1,117.44,
including principal and interest, based on:
-- A three-year amortization period.
-- 8.25% annual interest.
* Payments will be made directly by the debtor.
Class 4 Equity Interests:
* Existing membership interests are unimpaired.
* Equity holders will retain their ownership interests in the same
amounts and structure that existed on the petition date.
Plan Funding
* The plan will be funded through the continued rental income
generated by the leased commercial property.
* Monthly rental income of $10,000 is projected to be sufficient
to:
-- Make all plan payments.
-- Pay Always.bank, the Orange County Tax Collector, and WLPCC.
-- Generate positive cash flow for the reorganized debtor.
* Cash generated before the plan's effective date, after operating
expenses, will generally be used for plan payments or
implementation, while cash on hand at confirmation will be
available for administrative expenses.
On the effective date, the estate's property will transfer to the
reorganized debtor. The reorganized debtor will continue operating
the business, with the ability to use, acquire, and dispose of
property, subject to the terms of the plan. Except as otherwise
provided in the plan, the reorganized debtor's property will be
free and clear of claims and interests.
A full-text copy of the Disclosure Statement dated July 23, 2026 is
available at https://urlcurt.com/u?l=qUYUe9 from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Jeffrey S. Ainsworth, Esq.
Cole B. Branson, Esq.
Branson Ainsworth PLLC
1501 E. Concord St.
Orlando, FL 32803
Phone: 407-894-6834
Fax: 407-894-8559
Primary E-mail: jeff@bransonlaw.com
cole@bransonlaw.com
About M.D.K. Holdings LLC
M.D.K. Holdings LLC is a holding company engaged in the ownership,
management, and oversight of business and investment assets.
M.D.K. Holdings LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-04329) on June 10, 2026. In its
petition, the Debtor reported estimated assets of $100,001 to
$1,000,000 and estimated liabilities of $100,001 to $1,000,000.
Honorable Bankruptcy Judge Lori V. Vaughan handles the case.
The Debtor is represented by Jeffrey Ainsworth, Esq., of Bransonlaw
PLLC.
M.D.K. HOLDINGS: Gets Extension to Access Cash Collateral
---------------------------------------------------------
M.D.K. Holdings LLC received a second preliminary order from the
U.S. Bankruptcy Court for the Middle District of Florida, Orlando
Division, authorizing the interim use of cash collateral through
September 1 while providing adequate protection to 22nd State
Bank.
Under the second preliminary order, the Debtor is authorized to use
cash collateral to pay court-approved expenses, including U.S.
Trustee quarterly fees, and operating expenses included in the
approved budget, with flexibility of up to 10% per budget line
item.
Additional expenditures require the secured creditor's written
approval within 48 hours of the Debtor's request or further court
authorization. Expenses outside the budget may still be permitted
if they qualify for administrative expense priority.
As adequate protection, 22nd State Bank will receive a perfected
post-petition replacement lien on the Debtor's cash collateral,
with the same validity, priority, and extent as any prepetition
lien.
The Debtor must also maintain insurance coverage, comply with all
obligations of a debtor-in-possession, and adhere to applicable
loan and security agreements.
The order preserves the rights of secured creditors, the U.S.
Trustee, and any future creditors’ committee to seek modified
adequate protection or challenge lien claims.
The bankruptcy court scheduled a continued preliminary hearing for
September 1.
About M.D.K. Holdings LLC
M.D.K. Holdings LLC is a holding company engaged in the ownership,
management, and oversight of business and investment assets.
M.D.K. Holdings LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-04329) on June 10, 2026. In its
petition, the Debtor reported estimated assets of $100,001 to
$1,000,000 and estimated liabilities of $100,001 to $1,000,000.
Honorable Bankruptcy Judge Lori V. Vaughan handles the case.
The Debtor is represented by Jeffrey Ainsworth, Esq., of Bransonlaw
PLLC.
MANDS ELECTRIC: Court Extends Cash Collateral Access to Sept. 18
----------------------------------------------------------------
Mands Electric NC LLC received fourth interim approval from the
U.S. Bankruptcy Court for the Eastern District of North Carolina,
Wilmington Division, to use cash collateral.
Under the fourth interim order, the Debtor is authorized to use
cash collateral (consisting primarily of bank account funds and
accounts receivable) to pay expenses in accordance with its budget,
provided use of any weekly budget line item does not exceed 110% of
the budgeted amount.
The Debtor projects total operational expenses of $108,711 for the
week ending August 21; $100,599 for the week ending August 28;
$119,430 for the week ending September 4; $112,323 for the week
ending September 11; and $107,412 for the week ending September
18.
The Debtor's authority to use cash collateral terminates on
September 18, upon entry of an order modifying or terminating such
authority, or upon entry of a final order authorizing continued use
of cash collateral during the reorganization process.
Several creditors, including merchant cash advance lenders, claim
security interests in these assets through multiple UCC-1 filings.
As protection, creditors will be granted a valid and continuing
security interest in and lien on all post-petition assets of the
Debtor similar to their pre-bankruptcy collateral.
The next hearing is set for September 15.
The order is available at https://h1.nu/1Azij from
PacerMonitor.com.
About MANDS Electric NC LLC
MANDS Electric NC LLC is a North Carolina-based electrical
contracting company specializing in wiring new residential
construction.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-01997) on May 1,
2026. In the petition signed by Mark Anthony McGarity, manager, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.
Judge David M. Warren oversees the case.
Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey PLLC,
represents the Debtor as legal counsel.
MICHAEL HERZOG: Gets Final Court Nod to Use Cash Collateral
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
entered a final order authorizing Michael Herzog, LLC and David
Herzog, LLC to use their cash collateral.
The cash collateral consists of rental income generated from the
Debtors' jointly owned mixed-use property located at 57 West 86th
Street, New York.
Under the final order, the Debtors are authorized to use the rental
proceeds to pay operating expenses for the property in accordance
with an approved budget and to pay New York City real estate taxes
as they become due. Budget variances are limited to 5% per
individual line item and 10% in the aggregate each month, with
unused budgeted amounts eligible to be carried forward only with
the lender's consent.
The Debtors are prohibited from making any payments to affiliates
or insiders.
As adequate protection, Wells Fargo Bank, National Association, as
trustee for the registered holders of GS Mortgage Securities Trust
2020-GSA2 certificates, will receive automatically perfected
replacement liens on the collateral and a superpriority
administrative expense claim to the extent its collateral value is
diminished.
The court requires the Debtors to make monthly adequate protection
payments of $23,614.25 to the lender while reserving their right to
dispute portions of the lender's claim, including interest, default
interest, fees, and expenses.
The lender asserts that the outstanding pre-petition indebtedness
totals $6.6 million, plus accrued interest and other amounts due
under the loan documents. The Debtors dispute the amount owed,
citing a counterclaim in a pre-petition foreclosure action alleging
misapplication of an escrow fund, and reserve their rights to
challenge the lender's ultimate allowed claim.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/ZeppZ from PacerMonitor.com.
About Michael Herzog LLC
Michael Herzog LLC and David Herzog LLC jointly own a four-story
mixed-use property at 57 West 86th Street in New York, New York.
The property includes 12 residential apartments and one commercial
tenant and is fully occupied, with a combined monthly rent roll of
$83,853.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-10691) on April 27,
2026. In the petition signed by Pearl Herzog, manager, the Debtor
disclosed up $0 in assets and $6,600,000 in total liabilities.
Judge Philip Bentley oversees the case.
Kevin Nash, Esq., at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP,
represents the Debtor as legal counsel.
MIRACLE HEALTH: Case Summary & Nine Unsecured Creditors
-------------------------------------------------------
Debtor: Miracle Health Services, Inc.
8860 West Flagler Street Suite 214
Miami, FL 33144
Business Description: Miracle Health Services, Inc. operates an
outpatient health care clinic that provides medical, physical-
therapy and rehabilitative services. Founded in 2009, the company
is based in Miami.
Chapter 11 Petition Date: July 27, 2026
Court: United States Bankruptcy Court
Southern District of Florida
Case No.: 26-19878
Judge: Hon. Robert A Mark
Debtor's Counsel: Linda Marie Leali, Esq.
LINDA LEALI, P.A.
2525 Ponce De Leon Blvd. Unit 300
Coral Gables FL 33134
Tel: (305) 341-0671
E-mail: lleali@lealilaw.com
Debtor's
Financial
Advisor: CARIN SORVIK OF NEWPOINT ADVISORS CORPORATION
Total Assets: $244,636
Total Liabilities: $2,270,545
The petition was signed by Lizi Roche as sole director, president
and shareholder.
A full-text copy of the petition, which includes a list of the
Debtor's nine unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/SPJOEIQ/Miracle_Health_Services_Inc__flsbke-26-19878__0001.0.pdf?mcid=tGE4TAMA
MONTE KARL: Seeks to Hire Deschenes & Duhon as Counsel
------------------------------------------------------
Monte Karl Weeden seeks approval from the U.S. Bankruptcy Court for
the District of Montana to hire Deschenes & Duhon, PLLC to serve as
legal counsel.
The firm will provide these services:
(a) representing Applicant in all matters in this case, as well as
associated adversary proceedings;
(b) preparing and prosecuting a chapter 11 plan;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Zach B. Duhon, Esq. of Deschenes & Duhon will receive an hourly
rate of $300. Paralegals will also receive hourly rates of $155 to
$175.
Deschenes & Duhon, PLLC is a "disinterested person" as defined in
11 U.S.C. Sec. 101(14), according to court filings, except that
certain of the Applicant's creditors are also creditors in
bankruptcy cases where Mr. Duhon represents other parties, and Mr.
Duhon maintains customary and professional relationships with
attorneys, accountants, and other insolvency professionals,
including others professionals that may be involved in this case.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About M.K. Weeden Construction
Inc.
M.K. Weeden Construction, Inc., based in Lewistown, Montana, is an
earthmoving and heavy civil construction contractor operating
throughout Montana, Wyoming, and the western United States. Founded
in 1991 and incorporated in 1994, the Company has grown to
approximately 150 employees and over 200 pieces of equipment. It
provides large-scale excavation and earthmoving services,
leveraging advanced construction technology to support efficiency
and project quality.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mont. Case No. 25-40100) on December 11,
2025. In the petition signed by Monte K. Weeden, president and
manager, the Debtor disclosed $27,956,847 in total assets and
$23,678,668 in total liabilities.
Judge Benjamin P. Hursh oversees the case.
Laurie Thornton, Esq., at DBS LAW, represents the Debtor as legal
counsel.
MOPARTY FAMILY: Hires Weycer Kaplan Pulaski as Special Counsel
--------------------------------------------------------------
Moparty Family Limited Partnership seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Weycer, Kaplan, Pulaski & Zuber, P.C. as special litigation
counsel.
The firm will litigate issues in connection with the chapter 11
case that are reasonable or necessary to satisfy the obligations
and duties required of a chapter 11 Debtor.
Cavyn Sanders, the attorney handling the case will be paid at the
rate of $450 per hour.
The firm received from the Debtor a retainer of $10,000 on July 28,
2026.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Sanders 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:
Cavyn Sanders
Weycer Kaplan Pulaski & Zuber, P.C.
24 Greenway Plaza 2050
Houston, TX 77046
Tel: (713) 961-9045
Fax: (713) 961-5341
Email: csanders@wkpz.com
About Moparty Family Limited Partnership
Moparty Family Limited Partnership is a Texas-based family limited
partnership that primarily holds, manages, and invests in real
estate and other investment assets for its partners.
Moparty Family Limited Partnership sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-34882) on July 6,
2026. In its petition, the debtor reported estimated assets of
$10,000,001 to $50 million and estimated liabilities of $1,000,001
to $10 million.
Honorable Bankruptcy Judge Christopher M. Lopez handles the case.
MORA OAK: Court Extends Cash Collateral Access to Aug. 31
---------------------------------------------------------
Mora Oak Park, LLC received another extension from the U.S.
Bankruptcy Court for the Northern District of Illinois, Eastern
Division, to use cash collateral.
Under the seventh interim order, the Debtor is authorized to use
cash collateral through August 31 to pay its expenses in accordance
with a court-approved budget. This authorization terminates if the
Debtor's Chapter 11 case is dismissed or if the court orders the
use of cash collateral to stop.
The Debtor projects total operational expenses of $35,060 for
August.
The Debtor listed the U.S. Small Business Administration as a
primary secured creditor with a lien on its assets.
As protection for any use or diminution in the value of its
interests in the Debtor's pre-bankruptcy assets, the SBA will be
granted replacement liens on all post-petition property of the
Debtor, including cash collateral, with the same validity, priority
and extent as its pre-petition lien.
Additionally, the SBA will receive a monthly payment of $245.
The debtor must maintain insurance on all assets, keep its real
property in good repair, deposit all funds into its postpetition
business account, and use those funds only in accordance with the
court's order.
The interim order became effective immediately upon entry and will
remain in effect until August 31, 2026, at 5:00 p.m. CST, unless
terminated earlier by court order or dismissal of the case.
The order is available at https://shorturl.at/W1nf5
The final hearing is set for August 28.
Mora Oak Park, LLC operates a restaurant, which generates
approximately $850,000 in annual revenue and employs 15 to 20 staff
members.
About Mora Oak Park LLC
Mora Oak Park, LLC operates an upscale Japanese restaurant in Oak
Park, Illinois.
Mora Oak Park filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03137) on
February 23, 2026. In the petition signed by Christine M Cancel,
managing member, the Debtor disclosed up to $50,000 in assets and
up to $500,000 in liabilities.
Judge Nancy A. Peterman oversees the case.
David R. Herzog, Esq., at the Law Office Of David R. Herzog, LLC,
and Tang & Associates Law Office, LLC serve as the Debtor's
bankruptcy counsel.
Matthew Brash of Newpoint Advisors Corporation serves as Subchapter
V trustee for the Debtor.
MUSCULOSKELETAL ASSOCIATES: Gets Interim OK to Use Cash Collateral
------------------------------------------------------------------
Musculoskeletal Associates, PLLC received interim approval from the
U.S. Bankruptcy Court for the Western District of Kentucky,
Louisville, to use cash collateral and provide protection to senior
secured lender, Port 51 Lending LLC.
Under the interim order, the Debtor is authorized to use cash
collateral through August 31 to fund its operations based on a
court-approved budget. Permitted expenditures include a 10%
line-item variance or a 5% aggregate variance.
Port 51 asserts first-priority liens securing pre-petition
promissory notes executed by S and D and non-debtor affiliates
totaling approximately $2.23 million. Stock Yards Bank and Trust
Company holds a potential junior lien interest through credit
agreements with the Debtor.
Port 51 will be granted adequate protection in the form of
first-priority replacement liens on all property acquired or
created post-petition by the Debtor; and a superpriority
administrative expense claim, subject only to the fee carveout.
The order is available at
http://bankrupt.com/misc/Musculoskeletal_CCOrder59.pdf
A final hearing will be held on August 25.
About Musculoskeletal Associates PLLC
Musculoskeletal Associates, PLLC is a Kentucky-based medical
practice focused on neuromusculoskeletal medicine, interventional
pain management, and wound-care services. The Debtor sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
W.D. Kent. Case No. 26-31522-jal) on June 3, 2026. In the petition
signed by Mark Conliffe, sole member, the Debtor disclosed up to
$10 million in both assets and liabilities.
Judge Joan A. Lloyd oversees the case.
Charity S. Bird, Esq., at Kaplan Johnson Abate & Bird LLP,
represents the Debtor as legal counsel.
NEW GRANT: Plan Confirmation Hearing Scheduled for Aug. 24
----------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia conditionally approved the Amended
Disclosure Statement to accompany Third Amended Plan of New Grant
Acquisitions, LLC.
The Disclosure Statement is conditionally approved as containing
adequate information in accordance with section 1125 of the
Bankruptcy Code and is subject to final approval of the Court at
the Combined Hearing.
The Debtor's request for a Combined Hearing on the final approval
of the Disclosure Statement and confirmation of the Plan, and the
following Confirmation Schedule, are approved:
* August 24, 2026 10:00 a.m. is the hearing to consider final
approval and confirmation of the Plan.
* August 17, 2026 is the deadline to file all ballots accepting
or rejecting the Plan.
* August 17, 2026 is the deadline to file all responses and
objections, if any, to the relief sought in connection with
confirmation of the Plan.
As shared by the Troubled Company Reporter, the principal
modification to the Plan concerns the treatment of the UC Grant's
Allowed Secured Claim. Under the Second Amended Plan, the Debtor
proposed to satisfy UC Grant's Allowed Secured Claim through one of
two alternatives. If UC Grant voted to reject the Plan it was to
receive a cash distribution of $4,800,000 in satisfaction of its
Allowed Secured Claim, funded from the proceeds of the Plan Sponsor
Transaction, and the balance of the UC Grant Claim was treated as
an Allowed Unsecured Claim under Class 6. If UC Grant voted to
accept the Plan it was to receive $8,000,000 in complete
satisfaction of the UC Grant Claim. Following the UC Grant Section
1111(b) Election, that treatment is no longer available under the
Bankruptcy Code.
The Third Amended Plan instead provides the following alternative
treatments for UC Grant: (a) if the UC Grant 1111(b) Election is
not withdrawn prior to the Confirmation Hearing, the UC Grant
1111(b) Secured Claim will be granted certain liens and a stream of
payments over time intended to satisfy the requirements of Section
1129(b)(2)(A)(iii) of the Bankruptcy Code by providing UC Grant
with the indubitable equivalent of its Allowed Secured Claim, and
(b) if the UC Grant 1111(b) Election is withdrawn prior to the
Confirmation Hearing, UC Grant will have an Allowed Secured Claim
in the amount of $7,100,000, to be paid from the Plan Sponsor
Proceeds as soon as reasonably practicable following the Effective
Date, and the remaining portion of the UC Grant Claim will be
treated as an Unsecured Claim under Class 6.
UC Grant's existing first-priority mortgage securing its asserted
claim of $25,331,435.64 against a partially completed project
would, if left in place, present a substantial obstacle to the
completion financing and historic tax credit investment on which
the redevelopment depends. Construction lenders and tax credit
investors require a senior position in the project commensurate
with the new capital they contribute.
The Debtor believes that the revised treatment with respect to the
UC Grant 1111(b) Secured Claim satisfies the confirmation
requirements of Section 1129(b) of the Bankruptcy Code because the
pledged securities portfolio, together with the subordinated
security interest on the Building and collateral maintenance
provisions contained in the Plan, provides UC Grant with the
indubitable equivalent for the UC Grant 1111(b) Secured Claim.
The Debtor further believes that the revised collateral package
substantially reduces the risks presently associated with UC
Grant's existing collateral by replacing the existing mortgage on
the Grant Building, a vacant, partially completed historic
redevelopment project, with a diversified portfolio of investment
grade securities subject to collateral maintenance requirements and
a new mortgage on the same project subordinated to construction
loan financing designed to complete the project and therefore
enhance the value of that subordinate mortgage.
Revisions to Treatment of Lincoln Claim
In the proposed Third Amended Plan, the Debtor has also made a
modification to the treatment of the Lincoln Claim under Class 5.
Under the Second Amended Plan, Lincoln Savings Bank was to receive
in full satisfaction of the Lincoln Claim $250,000 from any future
Plan Sponsor Tax Credit Payments payable to Bush following the
Effective Date.
Under the Third Amended Plan that treatment has been changed so
that Lincoln Savings Bank will receive $250,000 to be funded by a
capital contribution by Bush to the Grant ATL Equity Investors. The
capital contribution shall be made by Bush as soon as reasonably
practicable after the Effective Date, and shall be paid to Lincoln
Savings Bank immediately upon receipt by the Grant ATL Equity
Investors. The modifications to the treatment of the Class 5
Lincoln Claim were negotiated with Lincoln, and it is believed that
Lincoln will vote to accept the Third Amended Plan.
The Plan Sponsor will continue to contribute the same purchase
price contemplated by the Second Amended Plan, consisting of an
initial cash contribution of approximately $10 million, together
with contingent additional consideration tied to the future
realization of Historic Tax Credits, if earned. The amendments
instead modify only the manner in which UC Grant's secured claim
will be satisfied following its Section 1111(b) election.
Rather than receiving an immediate cash distribution from the Plan
Sponsor proceeds, UC Grant will receive the treatment described in
the Third Amended Plan through a combination of a new secured
obligation and substitute collateral intended to satisfy the
requirements of Section 1129(b)(2)(A)(iii) of the Bankruptcy Code.
A full-text copy of the First Amended Disclosure Statement dated
July 16, 2026 is available at https://urlcurt.com/u?l=353zJU from
PacerMonitor.com at no charge.
Counsel to the Debtor:
J. Robert Williamson, Esq.
Matthew W. Levin, Esq.
Scroggins, Williamson & Ray, PC
4401 Northside Parkway, Suite 230
Atlanta, GA 30327
Telephone: (404) 893-3880
Facsimile: (404) 893-3886
Email: rwilliamson@swlawfirm.com
A copy of the Court's Order dated July 22, 2026, is available at
https://urlcurt.com/u?l=QqYrH1 from PacerMonitor.com.
About New Grant Acquisitions
New Grant Acquisitions, LLC, is a real estate lessor with its
principal assets located at 44 Broad Street NW in Atlanta,
Georgia.
New Grant Acquisitions, LLC, sought relief under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-61599) on Oct. 6,
2025, listing as much as $10 million to $50 million in both assets
and liabilities. Brent Crittenden, authorized agent, signed the
petition.
Scroggins, Williamson & Ray, PC, serves as the Debtor's counsel.
NOBEL ST. IVES: Case Summary & 14 Unsecured Creditors
-----------------------------------------------------
Debtor: Nobel St. Ives, LLC
24151 Ventura Boulevard
Suite 210
Calabasas, CA 91302
Business Description: Nobel St. Ives, LLC is a Calabasas,
California-based real estate company associated with the
development and ownership of a luxury residential property at
8741 St. Ives Drive in Los Angeles.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-11656
Judge: Hon. Martin R. Barash
Debtor's Counsel: Raymond H. Aver, Esq.
LAW OFFICES OF RAYMOND H. AVER,
A PROFESSIONAL CORPORATION
11849 West Olympic Boulevard, Suite 204
Los Angeles, CA 90064
Tel: (310) 571-3511
Email: ray@averlaw.com
Estimated Assets: $10 million to $50 million
Estimated Liabilities: $10 million to $50 million
The petition was signed by Emil Khodorkovsky as managing member.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/H4AI67I/NA_Nobel_St_Ives_LLC__cacbke-26-11656__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's 14 Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. 24 Seven Movers Moving Services $395
4703 Hazeltine Avenue
Sherman Oaks, CA 91423
2. Afco Construction General Contractor $1,000,000
6603 Independence Avenue
Suite D
Canoga Park, CA 91303
3. AI Builders Electrical Repirs $8,530
21241 Ventura Boulevard
Suite 188
Woodland Hills, CA 91364
4. Benrich HVAC Services, Inc. HVAC Services $2,700
3190 Airport Loop Drive
Suite G
Costa Mesa, CA 92626
5. Elevator Boutique Elevator Installation $13,860
10940 Kalama River Avenue
Fountain Valley, CA 92708
6. Felix Makaryan Plumbing Fixtures/Showers $1,070
4124 Lowell Avenue
La Crescenta, CA 91214
7. LED Wholesale Lighting Supplies $10,011
22049 Ventura Boulevard
Woodland Hills, CA 91364
8. Margaret Taylor Loan $3,325,895
c/o Brenna Daugherty, Esq.
Verity Capital Group, LLC
2450 Stanwell Drive
Suite 295
Concord, CA 94520
9. Nobel Development Cleaning, Labor, $95,837
1211 Nordhoff Street Security
Suite 12
Chatsworth, CA 91311
10. Phico Glass Railings Additions $13,000
5475 Vine Street
Chino, CA 91710
11. Prestige Marble & Tile Drive Way/Showers $1,950
8007 Chastain Avenue
Reseda, CA 91335
12. SPF Services, Inc. Painting Services $2,700
21223 Shearer Avenue
Carson, CA 90745
13. Stone Gallery Stone $330,196
85 Great Portland Street
First Floor
London, United Kingdom W1W 7LT
14. Vetro Glass Glass Railings Additions $8,500
11216 Vanowen Street
North Hollywood, CA 91605
O-I GLASS: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
------------------------------------------------------------
S&P Global Ratings affirmed all ratings on O-I Glass Inc.,
including its 'BB-' issuer credit rating, and revised its outlook
to negative from stable.
The negative outlook reflects S&P's expectation that it could lower
the rating if ongoing volatile market conditions stemming from the
Middle East conflict and restructuring activities result in
continued cost pressures affecting net price beyond this year,
keeping S&P Global Ratings-adjusted leverage above 5.0x.
O-I Glass Inc.'s performance through the second quarter of 2026 was
weaker than previously anticipated due to significant cost and
operational headwinds within its European end markets, resulting in
the company lowering its 2026 guidance. The ongoing Middle East
conflict, elevated competitive pricing pressure and raised energy
costs through the second quarter, and unanticipated operational
disruptions contributed to a significant decline in operating
profit in the region.
S&P Global Ratings now forecasts leverage above 5.0x by year end.
O-I Glass underperformed due to continued pricing pressure and
operational challenges. The company noted significant market and
operational disruptions that worsened through the second quarter,
including elevated competitive pressure hindering selling prices,
higher energy costs related to the conflict in the Middle East, and
unanticipated operational inefficiencies following restructuring
across multiple European plants which included 2 furnace events
that resulted in production disruption.
As a result, its European operating profit declined significantly
from the year prior while demand remained tepid globally, with
shipments falling approximately 4.5% year over year. Offsetting the
weak performance was the groups Americas segment, which benefited
from fit-to-win initiatives in the region. O-I Glass reported
segment operating profit improvement in the Americas of 22% from
the prior year and increased margins despite a 7% sales volume
decline in the quarter, reflecting improved operating efficiency.
S&P expects these trends to continue through the second half.
S&P said, "We expect leverage will remain elevated above 5.0x at
year end. We forecast muted volumes globally, continued pricing
pressures in Europe, and $150 million of restructuring charges
budgeted will reduce O-I Glass' S&P Global Ratings-adjusted EBITDA
in the negative 10 to 15 percent area from the prior year to $900
million-$950 million."
The company continues to focus its fit-to-win program on improving
its operational performance within Europe, which could offset
further pricing pressures into 2027. It revised its total estimate
for its fit-to-win program, with $200 million expected to be
realized in 2026. S&P expects a reported free operating cash flow
deficit of $120 million-$130 million as the company works through
elevated expenses.
S&P said, "The negative outlook on O-I Glass reflects our
expectation that ongoing volatile market conditions stemming from
the Middle East conflict and restructuring activities will result
in continued cost pressures impacting net price in Europe through
the second half, resulting in S&P Global Ratings-adjusted leverage
above 5.0x at the end of 2026.
"We could lower the rating on O-I Glass if it sustains S&P Global
Ratings-adjusted leverage above 5.0x. This could occur if volumes
continue to decline and the company can't realize the benefits from
its restructuring actions, or net pricing pressures continue to
result in weak operating performance.
"We could revise the outlook to stable if the company's operating
performance improves materially and it returns leverage to below
5.0x."
OCEANWIDE PLAZA: Amended Liquidating Plan Confirmed by Judge
------------------------------------------------------------
Judge Deborah J. Saltzman has entered findings of fact, conclusions
of law and order confirming the Amended Revised Combined Disclosure
Statement and Plan of Liquidation of Oceanwide Plaza LLC.
The Plan, including the Plan Supplement and all documents and
agreements executed in connection therewith, is hereby confirmed
pursuant to section 1129 of the Bankruptcy Code. The terms of the
Plan (including the Plan Supplement) are incorporated herein by
reference and are approved in their entirety.
Pursuant to sections 1123(a) and 1141(a) of the Bankruptcy Code,
upon the occurrence of the Effective Date, the terms of the Plan
will be immediately effective and enforceable and binding upon the
Debtor, the Liquidating Trustee, and any and all Holders of Claims
and Equity Interests (irrespective of whether Holders of such
Claims or Equity Interests accepted the Plan), all Entities that
are parties to or are subject to the settlements, and compromises
described in the Plan, each Entity acquiring property under the
Plan, and any and all non-Debtor parties to Executory Contracts.
This Confirmation Order constitutes the Sale Order as defined in
the PSA. The Sale of the PSA Property to the Purchaser pursuant to
the PSA or to the Back-Up Buyer pursuant to the Back-Up Buyer PSA
approved by the court is approved. The Sale is on an "as is, where
is" basis and without representations of any kind, nature, or
description by the Debtor or its Estate except as specifically set
forth in the PSA or Back-Up Buyer PSA, as applicable.
The court finds that: (i) the Sale is for the highest price
obtainable under the circumstances and for reasonably equivalent
value; (ii) the Debtor and the Purchaser negotiated the terms of
the Sale at arm’s length and without collusion; (iii) the Sale
has been negotiated in good faith; (iv) there is no evidence that
the Purchaser violated section 363(n) of the Bankruptcy Code, and
(v) the Purchaser is a buyer "in good faith" within the meaning of
section 363(m) of the Bankruptcy Code and is entitled to the
protections and immunities thereof.
The Purchaser is not an “insider” with respect to the Debtor or
the Estate as that term is defined under section 101(31) of the
Bankruptcy Code. To the extent the Debtor proceeds with a Sale to a
Back-Up Buyer, the court reserves jurisdiction to consider whether
these findings may be applied to the transaction contemplated by
any Back-Up Buyer PSA.
The Purchaser and the Debtor agree to modify Exhibit E to the PSA.
The modified Exhibit E will be provided to the Debtor and the
Consultation Parties (as defined in the Plan), subject to and in
accordance with the terms and conditions of the "Confidentiality
and Non-Disclosure Agreement" (the "Confidentiality Agreement,")
approved by the court pursuant to the "Order Approving Stipulation
to Approve Confidentiality and Nondisclosure Agreement."
A copy of the Plan Confirmation Order dated July 22, 2026 is
available at https://urlcurt.com/u?l=1SL8Ft from PacerMonitor.com
at no charge.
Attorneys for the Debtor:
Sharon Z. Weiss, Esq.
Bryan Cave Leighton Paisner LLP
120 Broadway, Suite 300
Santa Monica, CA 90401-2386
Telephone: (310) 576-2100
Facsimile: (310) 576-2200
Email: sharon.weiss@bclplaw.com
Jarret P. Hitchings, Esq.
One Wells Fargo Center
301 S. College Street, Suite 2150
Charlotte, NC 28202
Telephone: (704) 749-8999
Facsimile: (704) 749-8990
About Oceanwide Plaza LLC
An involuntary bankruptcy petition against Oceanwide Plaza LLC in
Los Angeles CA, for Chapter 11 protection (Bankr. C.D. Cal. Case
No. 24-11057) on February 13, 2024.
Judge Deborah J Saltzman oversees the case.
Bryan Cave Leighton Paisner, LLP as counsel to the Debtor. Bradley
D. Sharp as chief restructuring officer. GlassRatner Advisory &
Capital Group LLC, d/b/a B. Riley Advisory Services, as financial
advisor and expert witness.
OCEANWIDE PLAZA: Court Confirms Plan of Liquidation
---------------------------------------------------
Judge Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California approved the Amended Disclosure
Statement and confirmed the Plan of Liquidation of Oceanwide Plaza
LLC dated July 19, 2026.
The Plan is confirmed pursuant to section 1129 of the Bankruptcy
Code.
All objections to Confirmation of the Plan are overruled.
This Confirmation Order constitutes the Sale Order as defined in
the PSA. The Sale of the PSA Property to the Purchaser pursuant to
the PSA or to the Back-Up Buyer pursuant to the Back-Up Buyer PSA
approved by the court is approved. The Sale is on an "as is, where
is" basis and without representations of any kind, nature, or
description by the Debtor or its Estate except as specifically set
forth in the PSA or Back-Up Buyer PSA, as applicable. All of the
Debtor's right, title, and interest in and to the PSA Property will
be transferred to and vest in the Purchaser, free and clear of all
Liens, Claims, encumbrances, lawsuits, and interests to the fullest
extent permitted by the Bankruptcy Code, including pursuant to
sections 363(f) and 1141(c) of the Bankruptcy Code. All such Liens,
Claims, and interests will attach to the Sale Proceeds to be
distributed as set forth in the Plan. Without limiting the
generality of the foregoing, the Sale of the PSA Property or other
Assets identified in the Back-Up Buyer PSA will be free and clear
of the liens and security interests set forth in the Preliminary
Title Report attached as Exhibit G to the PSA, except for
"Permitted
Exceptions" as defined in the PSA or Back-Up Buyer PSA.
The court finds that: (i) the Sale is for the highest price
obtainable under the circumstances and for reasonably equivalent
value; (ii) the Debtor and the Purchaser negotiated the terms of
the Sale at arm's length and without collusion; (iii) the Sale has
been negotiated in good faith; (iv) there is no evidence that the
Purchaser violated section 363(n) of the Bankruptcy Code, and
(v) the Purchaser is a buyer "in good faith" within the meaning of
section 363(m) of the Bankruptcy Code and is entitled to the
protections and immunities thereof. The Purchaser is not an
"insider" with respect to the Debtor or the Estate as that term is
defined under section 101(31) of the Bankruptcy Code. To the extent
the Debtor proceeds with a Sale to a Back-Up Buyer, the court
reserves jurisdiction to consider whether these findings may be
applied to the transaction contemplated by any Back-Up Buyer PSA.
Woodbridge Glass Inc. ("WBI") asserted that the claim it filed in
the chapter 11 case that is listed on the claims register as Proof
of Claim No. 31 ("Claim 31"), is secured by a Lien on certain
personal property owned by the Debtor and in WBI's possession,
custody and control ("WBI Alleged Collateral"). Nothing in the Plan
or this Confirmation Order changes the validity, priority, force or
effect of WBI's Lien in the WBI Alleged Collateral, if any.
WBI's asserted Lien on the WBI Alleged Collateral, if any, will not
attach to the Sale Proceeds and will not be satisfied from the Sale
Proceeds. Rather, if the Sale is consummated, to the extent WBI
holds a Lien on the WBI Alleged Collateral, such Lien will remain
on and pass with the WBI Alleged Collateral through the closing of
the Sale with the same validity, priority, force, and effect as
existed immediately prior to Closing Date only to the extent it is
determined by the court that WBI has a Lien on the WBI Alleged
Collateral that (I) was valid, perfected, and unavoidable as of the
Petition Date and immediately prior to the Closing Date, and (II)
immediately prior to the Closing Date was senior in priority to
other Liens asserted against the WBI Alleged Collateral, including
each of the DIP Facility Claims, LADI Secured Claim and the LL
Secured Claims. In such case, and except to the extent that WBI
agrees to less favorable treatment, in full and final satisfaction,
compromise, settlement, and release of and in exchange for Claim
31, either the Purchaser must pay in full the full Allowed amount
of Claim 31 and WBI's Lien on the WBI Alleged Collateral will be
extinguished or the Purchaser must advise WBI that it does not want
to acquire the WBI Alleged Collateral, in which case, title to the
WBI Alleged Collateral will revert to WBI. To the extent Claim 31
is deemed to be an unsecured Claim, in whole or part, and except to
the extent that WBI agrees to less favorable treatment, in full and
final satisfaction, compromise, settlement, and release of and in
exchange for Claim 31, the unsecured portion of the Claim will
receive treatment as a General Unsecured Claim in Class 6 and paid
in accordance with the treatment provided for General Unsecured
Claims. For the avoidance of doubt, the Debtor, the Liquidating
Trustee, and the Purchaser each reserves all rights with respect to
WBI's asserted Lien in the WBI Alleged Collateral and such alleged
Lien will remain subject to objection or other challenge available
under the Bankruptcy Code, the Bankruptcy Rules, or applicable
non-bankruptcy law. For the further avoidance of doubt, the
classification and treatment of Claim 31 under the Plan will not be
construed as a waiver, release, impairment, or diminution of any
asserted Lien rights in the WBI Alleged Collateral, if any, and any
such rights will be determined only by a separate order of the
court (or as may be agreed between the Purchaser and WBI). The
court will retain jurisdiction to determine the validity, extent,
and priority of WBI's asserted Lien on the WBI Alleged Collateral,
and whether such Lien is undersecured in whole or in part. For the
avoidance of doubt, nothing in the Plan, this Confirmation Order,
the Sale, or any transfer of the WBI Alleged Collateral requires
WBI to release possession of the WBI Alleged Collateral absent
satisfaction of the underlying lien obligation, if any, WBI's
agreement, or a subsequent order of the court. In no event may the
Debtor use any Sale Proceeds to make any distribution to WBI on
account of Claim 31 unless Claim 31 is treated as a General
Unsecured Claim and there are distributions to Class 6 Claims.
For clarity, references in this Paragraph to the "Sale" and to the
"Purchaser" mean a sale to the Back-Up Buyer in the event that the
Sale is pursuant to a Back-Up Buyer PSA.
As shared by the Troubled Company Reporter, Oceanwide Plaza LLC,
filed with the U.S. Bankruptcy Court for the Central District of
California a Combined Disclosure Statement and Plan of Liquidation
dated February 23, 2026.
The Debtor, a Los Angeles based real estate developer, is an
American subsidiary of a global Chinese conglomerate. Oceanwide
Real Estate Group (USA) Corp., a Delaware corporation ("OREG"), is
Debtor's sole member and its manager.
The Debtor owns Oceanwide Plaza (the "Project"), an approximately
60-percent complete mixed-use development project in downtown Los
Angeles situated on the Real Property. For context, prior to the
Petition Date, Debtor largely self-funded Project construction.
However, for short-term needs, LADI provided Debtor with up to $325
million in construction financing. In 2016, after a bidding
process, Debtor hired Lendlease as its general contractor to
construct the Project and Lendlease then hired over forty
subcontractors.
The State Court Action commenced in 2019 and involved disputes
regarding the validity, priority, and amounts of various claims
against the Project. After months of settlement negotiations, the
parties reached the Global Settlement Agreement. As part of the
Global Settlement Agreement, the state court entered the agreed
final judgment on January 29, 2026. This multi-year, multi-phase
litigation was consuming substantial estate resources and
preventing the sale of the Real Property, ultimately leading the
parties to negotiate the comprehensive Global Settlement Agreement,
which was approved by this Court on February 3, 2026.
The sale of the Real Property is crucial to the Consummation of the
Plan and represents the fastest path to completing construction of
the Project in time for the 2028 Los Angeles Olympic Games. During
the course of this Chapter 11 Case, Debtor has undertaken extensive
efforts to market and sell the Real Property. Debtor believes that
a sale of the Real Property through bankruptcy is the best, and
perhaps only, way to maximize the Real Property's value and provide
creditor recoveries.
On February 16, 2026, Debtor and Purchaser, KPC Square, LLC,
entered into the PSA which provides, among other things, that
Purchaser will acquire the PSA Property for consideration of
$470,000,000.00, consisting of (i) the Credit Bid Consideration of
approximately $400,000,000.00, comprised of a credit bid of the
LADI Secured Claim and LL Secured Claims made in full satisfaction
of such Claims pursuant to Section 363(k) of the Bankruptcy Code,
and (ii) the Cash Consideration of up to $70,000,000.00.
The Debtor seeks approval of the Sale to Purchaser as set forth in
this Plan and pursuant to the Confirmation Order, which shall
constitute the Sale Order as defined in the PSA. The closing of the
Sale of the PSA Property shall occur on the Closing Date, which
shall occur after entry of the Confirmation Order and prior to the
Effective Date. The PSA provides for potential extensions of the
Closing Date under certain circumstances. Following the closing of
the Sale on the Closing Date, the Sale Proceeds shall be used by
Debtor and, on and after the Effective Date, the Liquidating
Trustee, to satisfy Claims as further set forth herein.
Class 6 consists of General Unsecured Claims. The Debtor believes
that there are approximately $161,018,015 in asserted General
Unsecured Claims, excluding Intercompany Loan Claims, against the
Estate. The ultimate recovery of Holders of General Unsecured
Claims will depend on the Sale Proceeds generated by the Sale
including an Alternative Transaction.
Except to the extent that a Holder of a General Unsecured Claim
agrees to less favorable treatment, in full and final satisfaction,
compromise, settlement, and release of and in exchange for each
General Unsecured Claim, each Holder thereof shall be paid in Cash
from the Sale Proceeds and/or Plan Administration Assets to the
extent available, equal to such Holder's Pro-Rata Share up to the
full amount of the unpaid portion of such General Unsecured Claim
on or as soon as reasonably practicable after, the later of: (A)
the Initial Distribution Date; (B) the date calculated pursuant to
the Disputed Creditor Reserve Treatment, if applicable; (C) such
date provided for in the Liquidating Trust Agreement, or (D) as
otherwise ordered by the Court.
Class 6 is Impaired and entitled to vote to accept or reject the
Plan.
The sources of the payments to be made by the Liquidating Trustee
under the Plan will be from (i) the Sale Proceeds; (ii) Plan
Administration Assets; and (iii) Cash on hand, collectively, less
the Post Confirmation Reserve.
The Debtor asserts that it will be able to pay its Administrative
Claims, Priority Tax Claims, Professional Fee Claims, Statutory
Fees, GAP Claims, Class 1 Secured Tax Claims and Class 5 Other
Priority Claims from the Sale Proceeds received if the Sale
contemplated by the PSA is consummated, and compromise in full
Classes 2 and 3 as a consequence of such Sale. The waterfall
distribution to each Class will change depending on the final
amount of Sale Proceeds received.
A full-text copy of the Combined Disclosure Statement and Plan
dated February 23, 2026 is available at
https://urlcurt.com/u?l=sqi1V6 from PacerMonitor.com at no charge.
A copy of the Court's Order dated July 22, 2026, is available at
https://urlcurt.com/u?l=d5Z6Nr from Pacermonitor.com
About Oceanwide Plaza LLC
Oceanwide Plaza, located at 1101 South Flower Street in Downtown
Los Angeles -- directly
across Figueroa Street from Crypto.com Arena, home of the NBA's Los
Angeles Lakers, and
steps from LA Live and the Los Angeles Convention Center -- is one
of the largest mixed-use
development projects in the history of Southern California. The
project is part of the long-
standing effort to transform this section of Downtown into a Times
Square-like destination zone, anchored by the Sports and
Entertainment District.
On Feb. 13, 2024, petitioning creditors Lendlease (US) Construction
Inc., Standard Drywall, Inc., Star Hardware, Inc., Woodbridge Glass
Inc., and Mitsubishi Electric US, Inc. filed the Involuntary
Petition for relief under Chapter 11 of the United States
Bankruptcy Code against Oceanwide Plaza, LLC. The Debtor's
bankruptcy case (Bankr. C.D. Cal. Case No. 24-11057) is pending
before the Honorable Deborah J. Saltzman.
On March 8, 2024, the Debtor answered the Involuntary Petition and
consented to entry of an order for relief. On March 11, 2024, the
Court issued the Order for Relief.
Bryan Cave Leighton Paisner, LLP, is serving as counsel to the
Debtor. Development Specialists Inc.'s Bradley D. Sharp is the
chief restructuring officer. GlassRatner Advisory & Capital Group
LLC, d/b/a B. Riley Advisory Services, is the financial advisor and
expert witness. Stretto is the claims agent.
In February 2026, Hilco Global, in its capacity as court-approved
real estate broker, announced that Oceanwide Plaza LLC has entered
into a Purchase and Sale Agreement ("PSA") for the sale of
Oceanwide Plaza for $470 million in total consideration.
OMEGA ROOFING: Hires Peter Spindel as General Bankruptcy Counsel
----------------------------------------------------------------
Omega Roofing, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to employ law firm of Peter
Spindel, Esq., as counsel.
The firm's services include:
(a) advise the Debtor with respect to its powers and duties
and the continued management of its business operations;
(b) advise the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;
(c) prepare legal documents necessary in the administration of
the case;
(d) protect the interest of the Debtor in all matters pending
before the Court; and
(e) represent the Debtor in negotiation with its creditors in
the preparation of a plan.
The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.
Peter Spindel, Esq. disclosed in a court filing that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
Peter Spindel, Esq.
Peter Spindel, Esq., PA
8306 Mills Dr.
Miami, FL 33183
Telephone: (786) 355-4631
Email: peterspindel@gmail.com
About Omega Roofing, Inc.
Omega Roofing, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 26-19027) on July 9, 2026, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by Peter Spindel, Esq., P.A.
OMNIS PLEASANTS: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
Omnis Pleasants, LLC received interim approval from the U.S.
Bankruptcy Court for the District of Delaware for authority to use
cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral to fund its operations based on a court-approved budget
starting July 29 until the earliest of (i) 35 days after entry of
the interim order if a final order has not been entered (unless
extended with the pre-petition secured creditors' consent); (ii)
the "outside date;" (iii) the effective date of a confirmed Chapter
11 plan; (iv) the closing of a sale or other disposition of
substantially all of the Debtor's assets; or notice from the
pre-petition secured creditors that an event of default has
occurred.
The pre-petition secured creditors, TRAG LLC and RG Energy LLC,
hold over $80 million in secured obligations originating from loans
granted between May 2023 and March 2025 to acquire and support the
Pleasants Power Station, a 1,278-megawatt facility owned and
operated by the Debtor and is considered a valuable, revenue
generating asset.
Under a February 2026 Amended and Restated Forbearance Agreement,
TRAG and RGE were granted first-priority liens covering
substantially all of the Debtor's assets and real property.
Having negotiated consensual cash collateral usage terms prior to
filing, the Debtor offers an adequate protection package to the
pre-petition secured creditors that includes replacement liens
(junior only to a carveout and permitted encumbrances) on all of
its assets acquired existing before or acquired after the petition
date. These replacement liens do not apply to avoidance actions and
their proceeds.
Additional protection approved by the court includes an allowed
superpriority administrative expense claim; monthly post-petition
interest payments at non-default rates; full expense reimbursement
for secured lenders' counsel; and strict adherence to an agreed
13-week budget developed with AlixPartners, LLP.
The interim order also sets default triggers, including a 180-day
overall duration, a requirement to enter a final order within 35
days, and a $25,000 cap on collateral funds allocated for any
official creditors' committee to investigate prepetition liens.
The order is available at
http://bankrupt.com/misc/OmnisPleasants_CCorder50.pdf
The court scheduled a final hearing for September 3 and set an
August 19 deadline for filing objections.
Omnis Pleasants' bankruptcy filing follows severe financial
distress caused by former management misconduct, lingering debt
defaults, and an ongoing investigation by the Federal Energy
Regulatory Commission. Despite operational improvements under new
leadership appointed in February 2026—led by CEO David Hindman
and Chief Executive Gilbert Nathan—consensual restructuring
negotiations ultimately failed, prompting a Chapter 11 filing to
execute a free-and-clear going-concern asset sale.
TRAG and RG Energy, as pre-petition secured creditors, are
represented by:
R. Craig Martin, Esq.
DLA Piper LLP
1201 North Market Street, Suite 1200
Wilmington, Delaware 19801
Telephone: (302) 468-5700
Facsimile: (302) 394-2341
craig.martin@us.dlapiper.com
-and-
Kristine Manoukian, Esq.
DLA Piper LLP
1251 Avenue of the Americas
New York, NY 10020
Telephone: (212) 335-4500
Facsimile: (212) 335-4501
kristine.manoukian@us.dlapiper.com
-and-
Erik F. Stier, Esq.
DLA Piper LLP (US)
500 Eighth Street, N.W.
Washington, DC 20004
Telephone: (202) 799-4000
Facsimile: (202) 799-5000
erik.stier@us.dlapiper.com
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 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 reported between $50 million and
$100 million in both assets and liabilities.
The Debtor tapped Andrew L. Magaziner, Esq., at Young Conaway
Stargatt & Taylor, LLP and Herbert Smith Freehills Kramer (US) LLP
as bankruptcy counsel; AlixPartners, LLP as financial
advisor; and Stretto, Inc. as claims and noticing agent.
ONE WORLD: Seeks to Hire Hadley & Hadley as Special Counsel
-----------------------------------------------------------
One World Real Estate LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Law Offices
of Hadley & Hadley as special counsel.
The Debtor needs the firm's legal assistance in connection with
counseling the Debtor or representing the Debtor in bringing
unlawful detainer actions for possession of the Debtor's real
properties (the "Properties"), including bringing an unlawful
detainer action with respect to the Property located at 800 Clark
Avenue Unit 34, Yuba City, CA 95991 (the "Detainer Action"), and
such incidentals necessary to such representation, and any other
detainer action that may be commenced during this case.
The firm will be paid at these rates:
Sheldon C. Hadley $300 per hour
Douglas S. Hadley $300 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Mr. Hadley 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:
Sheldon C. Hadley, Esq.
Douglas S. Hadley, Esq.
Law Offices of Hadley & Hadley
230 Fifth Street
Marysville, CA 95901
Tel: (530) 743-4455
Fax: (530) 741-8263
About One World Real Estate LLC
One World Real Estate, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-15134) on
May 25, 2026. In the petition signed by Diljit K. Bains, manager,
the Debtor disclosed up to $10 million in both assets and
liabilities.
Judge Barry Russell oversees the case.
Bernard R. Given, II, Esq., at Loeb & Loeb LLP, represents the
Debtor as legal counsel.
Mechanics Bank, as lender, is represented by Robert B. Kaplan Esq.,
at Jeffer Mangels & Mitchells, LLP.
PALMAIRE AVE: Gets Final OK to Use Cash Collateral
--------------------------------------------------
Palmaire Ave, LLC received final approval from the U.S. Bankruptcy
Court for the District of Arizona authorizing the continued use of
cash collateral in its Chapter 11 case.
Under the final order, the Debtor is authorized to use cash
collateral consistent with the approved budget and operating
requirements.
As adequate protection, any creditor asserting a valid interest in
the Debtor's cash collateral will be granted replacement liens on
the Debtor's post-petition cash collateral and related proceeds,
maintaining the same extent, validity, and priority as any
pre-petition liens.
The order preserves the Debtor's rights to dispute the validity,
amount, priority, perfection, or enforceability of any asserted
claims or liens and expressly states that it does not constitute an
admission regarding any creditor's secured status.
A copy of the court's order is available at
https://shorturl.at/quXYy from PacerMonitor.com.
The Debtor's rental income may constitute cash collateral of
Citadel Servicing Corporation, doing business as Acra Lending. It
receives rents from its tenant, DP Palmaire LLC, which operates a
long-term care facility on the Debtor's property located in
Phoenix, Arizona. The Debtor receives approximately $6,500 per
month in rent from its tenant and historically paid about $5,172
per month to Citadel.
The Debtor borrowed approximately $591,600 from Citadel in
September 2022, secured by the property and its rental income.
After falling behind on payments in 2025, Citadel initiated a
trustee's sale scheduled for May 19. The bankruptcy filing was made
to stop the foreclosure sale and provide an opportunity to
restructure the debt through Chapter 11.
About Palmaire Ave LLC
Palmaire Ave LLC is a real estate holding and investment company
engaged in property ownership and asset management activities. The
company's operations are centered on managing real estate-related
investments and commercial property interests.
Palmaire Ave LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-04920) on May 18, 2026. In its
petition, the debtor reports estimated assets between $100,001 and
$1 million and estimated liabilities within the same range.
Honorable Bankruptcy Judge in the District of Arizona handles the
case.
The Debtor is represented by Grant L. Cartwright, Esq. of May,
Potenza, Baran & Gillespie, P.C.
PASTIME LOUNGE: To HireDeschenes & Duhon as Legal Counsel
---------------------------------------------------------
Pastime Lounge, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Montana to hire Deschenes & Duhon, PLLC to
serve as legal counsel.
The firm will provide these services:
(a) representing Applicant in all matters in this case;
(b) preparing and prosecuting a chapter 11 plan;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Zach B. Duhon, Esq. of Deschenes & Duhon will be compensated at the
rate of $300 per hour. Paralegals will be compensated at the rates
of $155 to $175 per hour. The Debtor will deposit $2,000 per month
beginning Aug. 1, 2026, into the trust account of Deschenes &
Duhon, PLLC.
According to court filings, Zach B. Duhon, Esq. and Deschenes &
Duhon, PLLC are "disinterested persons" as defined in Section
101(14) of the Bankruptcy Code, except that Mr. Duhon previously
represented the Debtor in this case through Deschenes & Associates
Law Offices.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About Pastime Lounge
Pastime Lounge, LLC, was engaged in the business of operating a
bar/restaurant in Chinook, Blaine County, Montana.
The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Mont. Case No. 25-40070) on Sept. 17, 2025, listing
under $1 million in both assets and liabilities.
Judge Benjamin P. Hursh oversees the case.
Gary S. Deschenes, at Deschenes & Associates Law Offices, serves as
the Debtor's counsel.
PAYSAFE HOLDINGS: Moody's Rates New $814MM Secured Term Loan 'B2'
-----------------------------------------------------------------
Moody's Ratings has assigned B2 ratings to the proposed $814
million senior secured term loan B (TLB) and EUR586.3 million TLB
to be borrowed by Paysafe Holdings (US) Corp., and to the proposed
$372.5 million senior secured revolving credit facility (RCF) to be
borrowed by Paysafe Holdings UK Limited.
Paysafe Group Holdings II Limited's (Paysafe) ratings, including
its B2 long-term corporate family rating (CFR) and B2-PD
probability of default rating (PDR), and the ratings of all
instruments issued by Paysafe Finance PLC, Paysafe Holdings (US)
Corp. and Paysafe Holdings UK Limited are unaffected by the debt
issuance. The stable outlooks on these entities are also
unaffected.
RATINGS RATIONALE
The assigned B2 instrument ratings are in line with Paysafe's CFR,
reflecting the pari passu ranking of the proposed TLBs and RCF
within the company's senior secured capital structure. The proposed
instruments will be guaranteed by material subsidiaries
representing at least 80% of consolidated EBITDA and incorporated
in the UK and the US. The security package will include a pledge of
shares and intercompany receivables, as well as a floating charge
over the assets of the English guarantors. Moody's considers this
security package as weak.
Paysafe will use the proceeds to repay its existing RCF and TLBs,
which are due in December 2027 and June 2028, respectively. The
transaction is leverage-neutral and will address the looming
maturities well in advance by effectively extending the RCF by five
years and the TLBs by two years, which Moody's views as evidence of
prudent liquidity management.
Paysafe's B2 CFR is supported by its developed product offering
across digital wallets and payment processing solutions, providing
some diversification benefits to its business profile. Although the
company's Moody's-adjusted debt/EBITDA remained above 7.0x as of
March 31, 2026, Moody's expecsts it to decline below Moody's 6.5x
downgrade factor over the next 18 months in response to Paysafe's
turnaround measures in the merchant solutions segment and growth in
digital wallets from new products and geographies. However,
execution leeway to stabilise historically volatile operating
performance and manage inherent regulatory and credit risks is
limited.
Paysafe's other credit metrics, including Moody's-adjusted
EBITA/interest expense above 2.0x and Moody's-adjusted free cash
flow/debt of 4.7% for the 12 months ended March 31, 2026, are
commensurate with a B2 rating. The company's commitment to
prioritise debt repayment with its generated cash should also
support expected leverage reduction.
RATING OUTLOOK
The stable rating outlook reflects Moody's expectations that
Paysafe will reduce its leverage to levels more commensurate with
the current rating while maintaining solid FCF and high EBITA
interest coverage. Moody's also expects the company to refrain from
large debt-financed acquisitions or shareholder distributions.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Moody's could upgrade Paysafe's rating if it reduces its leverage
below 5.0x and improves FCF/debt to a high single-digit percentage
on a sustainable basis, while continuing to demonstrate its
commitment to a balanced financial policy (all metrics are
Moody's-adjusted).
Moody's could downgrade Paysafe's rating if its leverage rises to
6.5x or FCF/debt reduces to a low single-digit percentage on a
sustained basis because of underperformance or a more aggressive
financial policy (all metrics are Moody's-adjusted). Moody's could
also downgrade the rating if liquidity weakens significantly.
COMPANY PROFILE
Headquartered in London, Paysafe is a global provider of online
payment solutions and stored-value products, with a presence in
North America, Europe and Latin America. The company operates
through two business segments: digital wallets and merchant
solutions. In the 12 months that ended March 31, 2026, Paysafe
generated revenue of $1.74 billion and Moody's-adjusted EBITDA of
$346 million. Paysafe has been listed on the New York Stock
Exchange since 2021.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.
PIEDMONT REALTY: S&P Alters Outlook to Stable, Affirms 'BB+' ICR
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' issuer credit rating and
'BBB-' issue-level ratings on its senior unsecured notes and
revised its outlook to stable from negative on Atlanta-based
Piedmont Realty Trust Inc.
S&P's stable outlook reflects its expectation for operating
performance to gradually improve yet largely be in line with
current levels over the next year as credit metrics benefit from
interest expense savings and increased EBITDA generation.
Piedmont's recent refinancing activities alleviated previous
shorter debt stack concerns, and improving operating metrics should
support improved credit protection measures, going forward.
Recent refinancing activities improved the company's capital
structure, as its weighted-average debt maturity and maturity
ladder lengthened. S&P typically view companies with shorter debt
maturity schedules (less than three years for real estate entities)
as having greater refinancing risk relative to peers with longer
weighted-average debt maturities. Piedmont increased it to above
four years, excluding extension options. Piedmont's recent
refinancing activities included issuing $400 million of senior
unsecured notes that mature in November 2033 and used the proceeds
to repay $245 million of its 9.25% notes that mature in July 2028
and the outstanding balance on its revolver that initially matures
in June 2028. Moreover, in May, Piedmont increased the principal on
its $325 million unsecured term loan to $400 million and extended
the maturity date to May 2031. The company's next material debt
maturities aren't until 2028, when its $187 million mortgage and
the remainder of its $287 million 9.25% unsecured notes mature,
which S&P views as manageable.
Piedmont continues to improve its operating metrics and demonstrate
strong leasing volumes. The company's leasing productivity year to
date has been healthy, executing 890,000 square feet of leases
through the first half of the year at 12.7% cash rent spreads,
continuing the momentum from last year, supported by lower levels
of new supply and a stabilized office operating environment in the
Sunbelt. In the second quarter of 2026, economic occupancy improved
270 basis points (bps) to 81.4% compared with 78.7% the prior-year
period, as signed leases or leases under rental abatement began
paying cash rents, while leased rate held relatively steady at
88.9% compared with 88.7% over the same period.
This supported robust same property-cash net operating income (NOI)
growth of 9% in the second quarter, materially improved from a 2%
decline in the second quarter of 2025, and demonstrated continued
momentum from the 11% same-property NOI growth in the first
quarter. S&P said, "We expect its leased rate to modestly improve
over the next year as Piedmont works to backfill recent vacancies,
healthy demand for its Sunbelt-focused portfolio and its manageable
lease expiration schedule over the next couple of years (8.3% of
annualized lease revenue remaining in 2026 and 8.8% in 2027).
Economic occupancy should also improve over time as its signed but
not yet commenced or under rental abatement pipeline representing
$67 million of annual rents begin paying cash rents. Taken
together, we expect single-digit percent same-property cash NOI
growth over the next year or two, assuming leasing economics,
including leasing concessions and tenant improvements, remain
manageable."
Piedmont has renovated 90% of its portfolio since 2020, including
three redevelopment projects that demanded higher capital
expenditures than average during a period of challenging office
fundamentals. While leasing volumes benefitted from these
renovations over the last 18 months, the lease economics of this
activity caused a delay between when leases were signed and began
paying cash rents.
S&P said, "Now that most of the portfolio has been updated, we
anticipate the gap between economic and leased occupancy will
improve modestly and normalize over the next couple of years. We
also expect capital expenditure requirements for future leasing
activity to be more manageable, with some lumpiness over the near
term as it backfills some vacancies.
"We expect credit metrics will gradually continue to improve. For
the trailing 12 months ended June 30, 2026, Piedmont's S&P Global
Ratings-adjusted debt to EBITDA was 7.6x, down from 7.8x the prior
year, due to modest EBITDA gains from commenced leases that began
paying cash rents. Fixed charge coverage (FCC) also increased to
2.1x from 1.5x on interest expense savings and higher EBITDA
generation as the company benefitted from its recent refinancing of
its highest rated debt into lower rated debt. We note our metrics
adjust for straight line revenues.
"We anticipate S&P Global Ratings-adjusted leverage will remain in
the mid-7x area through 2027 then improve thereafter from
stabilization of its redevelopment pipeline, manageable tenant
improvements, and leasing concessions, as well as shorter delays
from when leases are signed and begin paying cash rents. We
anticipate FCC will naturally improve over the next year and
accelerate once Piedmont refinances or repays the remaining $287
million of its 9.25% notes, which we expect it to refinance at a
much lower coupon or repay with asset sale proceeds, and its mainly
fixed rate debt stack.
"Our base case does not include any material disposition or
acquisition activity, but if Piedmont were to pursue any investment
spending, we expect it would do so in a leverage-neutral manner and
disposition proceeds would be partly directed towards debt
repayment, in line with the company's stated goals of strengthening
its balance sheet.
"Our stable outlook reflects our expectations for Piedmont's
operating performance to improve, supported by better economic
occupancy and low-single digit percent same-property NOI growth
over the next year. We expect demand for its Sunbelt-focused
properties will remain sound supported by minimal new supply
expected to come online over our forecast horizon.
"We also expect the company's FCC to modestly improve year over
year from healthy EBITDA generation and lower interest expense as
it refinances debt. We anticipate debt leverage improvement will be
dependent on its investment appetite and leasing economics but that
the company will remain focused on improving its balance sheet."
S&P could lower its ratings if:
-- Operating performance deteriorates, perhaps because of
increased rent abatements and higher capital expenditure that cause
economic occupancy to decline or same-store cash NOI to turn
negative for a prolonged period such that S&P views its business
positioning less favorably relative to peers; or
-- It sustains S&P Global Ratings-adjusted debt to EBITDA well
above 7.5x and FCC falls below 2.1x for a prolonged period with no
pathway to improvement.
S&P could upgrade its ratings if:
-- S&P views its business prospective more favorably with scale
and operating performance metrics, including economic occupancy,
more in line with higher-rated peers; and
-- Credit metrics improve, with S&P Global Ratings-adjusted debt
to EBITDA approaching 6x and FCC above 2.6x for a sustained period.
PREFERRED MARBLE: Gets Interim OK to Use $323K in Cash Collateral
-----------------------------------------------------------------
Preferred Marble and Granite, LLC on August 4 received interim
approval from the U.S. Bankruptcy Court for the Eastern District of
Michigan to use cash collateral.
The Debtor's cash collateral totals $286,975 as of the petition
date and consists of $22,610 in cash and $264,365 in accounts
receivable.
Under the interim order, the Debtor is authorized to use up to
$323,238 in cash collateral based on an approved operating budget.
The funds may be used only for necessary business expenses. Any use
outside the approved budget requires further court approval and
written consent of the U.S. Small Business Administration and
Kapitus Servicing, Inc.
The SBA is the sole secured creditor holding an interest in the
Debtor's cash collateral, arising from two pre-petition Economic
Injury Disaster Loans: an initial $150,000 loan from June 2020
(later modified to $500,000 in July 2021) with a balance of
approximately $488,186 as of the petition date, and a second
$500,000 loan from July 2024 with a balance of approximately
$488,932. These obligations are secured by an amended security
agreement, a perfected UCC financing statement, personal guarantees
from principal Erasmos Orlando and former member Theodore Goolsby
(along with his spouse), and a residential mortgage on the
Goolsbys' primary home.
Pursuant to the interim order, the SBA and Kapitus will be granted
adequate protection through replacement liens on the Debtor's
post-petition assets, including accounts receivable. These
replacement liens exclude Chapter 5 avoidance actions.
In addition, the SBA will receive monthly payments of $2,518 and
$2,427 beginning September 15, together with a potential
administrative expense claim under Section 507(b) for any unpaid
obligations.
The interim order preserves the rights of all parties to challenge
the validity or priority of liens and financing documents at a
later stage.
A copy of the court's order is available at https://h1.nu/1B0L6
from PacerMonitor.com.
The court will hold a final hearing on September 1 if objections
are filed within 15 days of entry of the interim order.
About Preferred Marble and Granite, LLC
Preferred Marble and Granite, LLC is a family-owned Michigan
limited liability company specializing in countertop fabrication,
installation, and home renovation services.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-48296) on July 24,
2026. In the petition signed by Erasmo Orlando, sole member, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.
Judge Paul R. Hage oversees the case.
Lynn M. Brimer, Esq., at Strobl Stark PLLC, represents the Debtor
as legal counsel.
PREFERRED MARBLE: Mark Shapiro Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Mark Shapiro of
Steinberg, Shapiro & Clark as Subchapter V trustee for Preferred
Marble & Granite, LLC.
Mr. Shapiro 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. Shapiro declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Mark H. Shapiro
Steinberg, Shapiro & Clark
25925 Telegraph Rd., Ste. 203
Southfield, MI 48033
Phone: (248) 352-4700
Email: shapiro@steinbergshapiro.com
About Preferred Marble & Granite LLC
Preferred Marble & Granite, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
26-48296) on July 24, 2026, with up to $50,000 in assets and $1
million1 to $10 million in liabilities.
Judge Paul R. Hage presides over the case.
Lynn M. Brimer, Esq., at Strobl PLLC represents the Debtor as legal
counsel.
PRIMESOURCE INC: Seeks to Hire Deschenes & Duhon as Counsel
-----------------------------------------------------------
Primesource Incorporated seeks approval from the U.S. Bankruptcy
Court for the District of Montana to hire Zach B. Duhon, Esq. of
Deschenes & Duhon, PLLC to serve as legal counsel.
The firm will provide these services:
(a) representing Applicant in all matters in this case;
(b) preparing and prosecuting a chapter 11 plan;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Mr. Duhon will receive an hourly rate of $300. Paralegals will also
receive hourly rates of $155 to $175.
Deschenes & Duhon, PLLC is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings, except that Zach B. Duhon previously represented the
company in this case through Deschenes & Associates Law Offices.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About Primesource Incorporated
Primesource Incorporated sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 25-40004) on
February 6, 2025, with $500,001 to $1 million in assets and
liabilities.
Judge Benjamin P. Hursh presides over the case.
Gary S. Deschenes, Esq. at Deschenes & Associates represents the
Debtor as legal counsel.
PUERCO VALLEY FIRE: Chapter 9 Case Summary & Unsecured Creditors
----------------------------------------------------------------
Debtor: Puerco Valley Fire District
105 S Hwy 191
Sanders, AZ 86512
Business Description: Puerco Valley Fire District is a
governmental special taxing district based in Sanders, Arizona,
that provided fire protection, emergency medical and ambulance
services in northeastern Arizona.
Chapter 9 Petition Date: July 30, 2026
Court: United States Bankruptcy Court
District of Arizona
Case No.: 26-07566
Debtor's Counsel: Thomas J. Salerno, Esq.
KUTAK ROCK LLP
8601 N Scottsdale Road, Suite 300
Scottsdale, AZ 85253
Tel: (480) 429-4822
E-mail: tom.salerno@kutakrock.com
Estimated Assets: $500,000 to $1 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Antonia Wood as Board Chair.
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/ZA5CZCY/PUERCO_VALLEY_FIRE_DISTRICT__azbke-26-07566__0003.0.pdf?mcid=tGE4TAMA
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/SJEPQEY/PUERCO_VALLEY_FIRE_DISTRICT__azbke-26-07566__0001.0.pdf?mcid=tGE4TAMA
QTP II INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: QTP II Inc.
QTP INC
Quality Therapy Providers
Quality Therapy At Home
Quality Therapy Rehabilitation Center
208 Starr St., Suite 2
Mercedes, TX 78570-2736
Business Description: QTP II Inc., doing business as Quality
Therapy Providers, provides speech, physical, and occupational
therapy for pediatric, adult, and geriatric patients. Its services
address communication and swallowing disorders, physical
rehabilitation, motor and sensory functions, stroke recovery, and
daily-living activities. The company operates in Mercedes and
Weslaco, Texas, and has served the Rio Grande Valley since 2002.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
Southern District of Texas
Case No.: 26-70236
Judge: Hon. Eduardo V Rodriguez
Debtor's Counsel: Robert C Lane, Esq.
THE LANE LAW FIRM
6200 Savoy Dr., Suite 1150
Houston TX 77036-3369
Tel: (713) 595-8200
Fax: (713) 595-8201
E-mail: notifications@lanelaw.com
Total Assets: $378,615
Total Debts: $3,171,648
The petition was signed by Michael Hernandez 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/2IO4XCY/QTP_II_Inc__txsbke-26-70236__0001.0.pdf?mcid=tGE4TAMA
RAMBO TRANSPORT: Scott Sackett Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 17 appointed Scott Sackett as
Subchapter V trustee for Rambo Transport 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 Rambo Transport Inc.
Rambo Transport Inc. is a Bakersfield, California-based general
freight trucking company specializing in long-distance truckload
transportation. It operates an active motor carrier business with a
fleet of five power units and eight drivers. In 2024, the carrier
logged nearly 690,000 miles and maintains compliance with
California's transport refrigeration unit air quality regulations.
Rambo Transport filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-13378) on July
21, 2026. In its petition, the Debtor reported between $100,001 and
$500,000 in both assets and liabilities.
Honorable Rene Lastreto II handles the case.
The Debtor is represented by Thomas B. Ure III, Esq., at Ure Law
Firm.
REDDEN-WOOD & ASSOCIATES: Unsecureds Will Get 1.77% of Claims
-------------------------------------------------------------
Redden-Wood & Associates, Inc. filed with the U.S. Bankruptcy Court
for the Northern District of West Virginia a Subchapter V Plan
dated July 22, 2026.
The Debtor is a family-owned insurance agency that has operated in
Beckley, West Virginia since 1990. The Debtor is owned by Redden,
LLC, which is owned by Randy Redden, whose insurance license is
essential to the Debtor's operations. The company's income is
primarily generated through insurance sales commissions.
Before filing for bankruptcy on December 30, 2025, the Debtor
experienced a liquidity crisis caused by two main factors:
* The nature of the transportation insurance business required the
Debtor to remain responsible for insurance premiums after customers
failed to make required down payments, until policies could be
cancelled following the required notice period.
* To address cash shortages, the Debtor obtained merchant cash
advances but was ultimately unable to keep up with the automatic
withdrawals from its bank accounts.
The Debtor has settled some litigation involving the merchant cash
advance providers, while litigation against other parties remains
ongoing. Any proceeds recovered from these cases will be added to
the overall funds available under the Plan. The Debtor also states
that it has improved its business practices regarding customer down
payments.
Treatment of Unsecured Claims:
* The Plan is structured as a pot plan, meaning unsecured
creditors will share available funds on a pro rata basis.
* Payments to unsecured creditors will occur only after allowed
secured claims, priority claims, and any separately classified
claims have been addressed.
* Creditors listed in the Plan do not need to file proofs of claim
for the listed amounts, while creditors not listed or disputing the
listed amounts must file timely proofs of claim.
* Total allowed unsecured claims are $1,671,853.75.
* Unsecured creditors are projected to receive 1.77% of their
allowed claims.
Plan Funding
The Debtor proposes to fund the Plan using future income. The
projected monthly payments are based on estimated disposable income
after operating expenses and taxes, although actual payments may
vary because of fluctuations in the business. If the Plan is
confirmed under Section 1191(b) of the Bankruptcy Code, the Debtor
commits to contributing all projected disposable income for five
years, or a shorter period of at least three years if ordered by
the Court. The Debtor states that the value distributed under the
Plan will be at least equal to its projected disposable income for
that period.
If the Plan is confirmed by consent, property of the bankruptcy
estate will vest in the Debtor upon confirmation, unless otherwise
provided by the Plan or confirmation order, and the property
addressed by the Plan will be free and clear of creditor and equity
holder claims.
If the Plan is not confirmed by consent, the bankruptcy estate will
continue to include both the property existing at the commencement
of the case and property and earnings acquired before the case is
closed, dismissed, or converted. Except as otherwise provided, the
Debtor will remain in possession of the estate's property.
A full-text copy of the Subchapter V Plan dated July 22, 2026 is
available at https://urlcurt.com/u?l=zCyq2C from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Ryan W. Johnson, Esq.
Johnson Legal Services, PLLC
1049 Market Street
Wheeling, WV 26003
Tel: (304) 212-4950
Email: Johnson.legal.services.pllc@gmail.com
About Redden-Wood & Associates
Redden-Wood & Associates, Inc., is a family run insurance business
operating in Beckley, West Virginia since 1990.
The Debtor filed a Chapter 11 bankruptcy petition (Bankr. N.D.
W.Va. Case No. 25-00754) on Dec. 30, 2025, listing up to $50,000 in
both assets and liabilities. The Debtor tapped Johnson Legal
Services, PLLC as counsel and David Gantzer, CPA, as accountant.
RELEASE WELL-BEING: Court OKs Continued Access to Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts,
Central Division, issued a second order authorizing Release Well
Being Center, Inc. to use cash collateral.
Under the court order, the Debtor is authorized to use cash
collateral on an interim basis through August 20, allowing the
Debtor to continue paying operating expenses while the bankruptcy
proceedings continue.
To protect Avidia Bank from any post-petition diminution of its
collateral value, the Debtor is required to make weekly payments of
$2,500, with payments applied to the principal balance of the
bank's secured claim.
In addition, the bank will retain security interests in the
Debtor's post-petition cash collateral and other assets as
protection from any diminution in the value of its pre-petition
collateral.
The Debtor is further authorized under the court order to establish
a professional fees escrow account to pay court-approved legal and
professional fees. The Debtor must deposit $2,500 per month into
this restricted account, and no funds may be disbursed without
prior approval from the Bankruptcy Court. The escrowed funds are
reserved solely for approved professional fees and remain subject
to the court's restrictions.
The order preserves the rights of creditors and any future Chapter
11 or Chapter 7 trustee to challenge the validity, extent, or
priority of Avidia Bank's liens within a 60-day period.
The Debtor is required to file a reconciliation of its cash
collateral by August 18, comparing actual and budgeted income and
expenses, reporting beginning and ending account balances, and
providing updated financial projections for August, September, and
October 2026.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/xmzwP from PacerMonitor.com.
A further hearing is scheduled for August 20, with objections due
by August 19.
About Release Well-Being Center Inc.
Release Well-Being Center, Inc. operates a wellness center in
Westborough, Massachusetts, offering spa, fitness, yoga,
meditation, private training, wellness coaching, therapeutic
massage, skin care, Reiki, and body composition analysis services.
The center also hosts private events, corporate events, and
workshops. Its facilities include spa rooms, yoga and fitness
spaces, locker rooms, steam and salt therapy areas, a red light
sauna, an outdoor mineral spa, a garden, and outdoor fitness
areas.
Release Well-Being Center sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40730) on June
18, 2026, with $2,536,000 in assets and $6,821,535 in liabilities.
Linda Townsend, president of Release Well-Being Center, signed the
petition.
Michael B. Feinman, Esq., at Feinman Law Office, represents the
Debtor as bankruptcy counsel.
REMEDIUM PHARMACY: Hearing Today on Bid to Use Cash Collateral
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts is set
to hold a hearing today to consider final approval of Remedium
Pharmacy, LLC's bid to use cash collateral.
The Debtor's authority to use cash collateral under the court's
July 28 second interim order expires today.
The second interim order granted secured creditors adequate
protection through replacement liens on the Debtor's post-petition
assets, with the same validity, priority, and enforceability as
their pre-petition liens. These replacement liens on post-petition
accounts receivable are subordinated to any liens granted to
lender, Alleon Capital Partners, LLC, and do not apply to Chapter 5
avoidance actions.
The order also granted secured creditors a superpriority
administrative expense claim, subject to a carveout for statutory
fees, Chapter 7 trustee expenses, and professional fees.
Events of default include conversion or dismissal of the Debtor's
Chapter 11 case, confirmation of a reorganization plan, or failure
to cure a material default within the required period.
A copy of the court's order and the Debtor's budget is available at
https://h1.nu/1Azor from PacerMonitor.com.
About Remedium Pharmacy LLC
Remedium Pharmacy, LLC is a Massachusetts-based pharmacy that
provides prescription medications, pharmaceutical services, and
patient care solutions to individuals and healthcare providers.
Remedium Pharmacy sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 26-40803) on July 6,
2026. In its petition, the Debtor reported estimated assets and
liabilities of $1 million to $10 million.
The Debtor is represented by David P. Primack, Esq., of Manning
Gross & Massenburg LLP.
REMINGTON RANCH'S: Gets Interim OK to Use Cash Collateral
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
entered an amended second interim order authorizing Remington
Ranch's Best Living, LLC to continue using cash collateral.
The court authorized the Debtor to use cash collateral strictly in
accordance with the approved budget, subject to a 110% variance for
individual budget line items unless Fannie Mae provides written
consent or the court approves additional expenditures. The Debtor
is required to deposit all rents and operating revenues into a
designated debtor-in-possession account and may pay its management
company a fee of up to 2% of monthly gross revenues.
In return, Fannie Mae will be granted replacement liens on
post-petition assets, superpriority administrative claims, and
monthly adequate protection payments equal to the contract-rate
interest due under the loan, with the first payment due September
24.
The order also imposes reporting requirements, including weekly
bank statements, vendor and payroll reports, rent rolls, accounts
receivable and payable aging reports, utility information, monthly
financial statements, revised budgets, and budget-to-actual
reconciliations.
Failure to comply with these reporting obligations or other terms
of the order may constitute a termination event, allowing Fannie
Mae to terminate the Debtor's authority to use cash collateral
after notice and a three-business-day cure period.
A further hearing is scheduled for August 20, with objections due
by August 17.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/BLG8u from PacerMonitor.com.
About Remington Ranch's Best Living LLC
Remington Ranch's Best Living, LLC owns a multifamily apartment
community in Stillwaster, Oklahoma.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-32804) on June 26,
2026. In the petition signed by Marc Kulick, authorized signatory,
the Debtor disclosed between $10 million and $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.
RENTAL HUB: Court Extends Cash Collateral Access to Oct. 21
-----------------------------------------------------------
The Rental Hub, Inc. received another extension from the U.S.
Bankruptcy Court for the Western District of Virginia to use cash
collateral.
Under the court order, the Debtor is authorized to use cash
collateral through the hearing on confirmation of its proposed
Chapter 11 plan of reorganization or until further court order,
whichever occurs first. The hearing is scheduled for October 21.
The use of cash collateral remains subject to all terms and
conditions contained in the court's June 2 interim order.
The order does not modify or prejudice any party's rights, claims,
defenses, remedies, or objections relating to cash collateral.
The order is available at https://shorturl.at/hzeyv from
PacerMonitor.com.
The Debtor's accounts receivable and other assets are subject to
multiple lien claims, including a $21,000 secured claim by First
Bank and Trust and a $450,000 EIDL lien held by the U.S. Small
Business Administration while the Debtor contests the validity of
liens asserted by certain merchant cash advance lenders including
Kapitus.
About The Rental Hub Inc.
The Rental Hub, Inc. is a Virginia-based equipment rental business
operating in Wytheville and Chilhowie.
Rental Hub filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70176) on February 23,
2026, with between $1 million and $10 million in both assets and
liabilities. Michael L. Hubble, president and sole director of
Rental Hub, signed the petition.
Judge Paul M. Black oversees the case.
Scot Farthing, Esq., at Farthing Legal, PC, represents the Debtor
as legal counsel.
Paula Beran, Esq., at Tavenner & Beran, PLC serves as Subchapter V
trustee for the Debtor.
RESIDENTIAL PROPERTIES: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Lead Debtor: Residential Properties Resources Fund II, LLC
2501 W. 237th St., Suite 110
Torrance, CA 90505
Business Description: Residential Properties Resources Fund II LLC
and its affiliated companies acquire, hold, rehabilitate, and rent
residential properties in Milwaukee, Wisconsin. Highgrove Holdings
Management, LLC manages the residential properties held by
Residential Properties Resources Fund II, LLC, Residential
Properties Resources OPZ Fund I, LLC – Series D1,
RPRFII CV I, LLC, and RPRFII A, LLC. TOMCO Property Services
Wisconsin, Inc. provides maintenance, repairs, and other services
for the properties.
Chapter 11 Petition Date: July 29, 2026
Court: United States Bankruptcy Court
Eastern District of Wisconsin
Six affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
Residential Properties Resources Fund II, LLC (Lead) 26-24303
Residential Properties Resources OPZ
Fund I, LLC – Series D1 26-24304
RPRFII A, LLC 26-24305
RPRFII CV I, LLC 26-24306
Highgrove Holdings Management, LLC 26-24307
TOMCO Property Services Wisconsin, Inc. 26-24308
Judge: Hon. Rachel M Blise
Debtors' Counsel: Jerome R. Kerkman, Esq.
KERKMAN & DUNN
839 N. Jefferson St., Suite 400
Milwaukee, WI 53202-3744
Tel: 414-277-8200
E-mail: jkerkman@kerkmandunn.com
Residential Properties Resources Fund's
Estimated Assets: $1 million to $10 million
Residential Properties Resources Fund's
Estimated Liabilities: $10 million to $50 million
The petitions were signed by David Tomblin as authorized
representative.
A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/QUBM2IY/Residential_Properties_Resources__wiebke-26-24303__0001.0.pdf?mcid=tGE4TAMA
List of Residential Properties Resources Fund's 20 Largest
Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Access ONE80 $145,590
1773 South 8th St., Ste. 200
Colorado Springs, CO 80905
Contact: Current Officer
2. Blue Ribbon Landscaping $18,400
2750 N. 48th St.
Milwaukee, WI 53210
Contact: Current Officer
3. City of Milwaukee Treasurers Dept. $350,000
200 E. Wells St., Room 103
Milwaukee, WI 53202
Contact: Treasurer
4. City of Milwaukee Water Works $299,388
841 N. Broadway, 4th Fl.
Milwaukee, WI 53202
Contact: Superintendant
5. Edwardo Tree Service $10,000
P.O. Box 170564
Milwaukee, WI 53217
Contact: The Shuster Group, LLC
6. GHJ Advisors $60,000
700 South Flower Street, Suite 3300
Los Angeles, CA 90017
Contact: Current Officer
7. Global Hawk Resources Obo Rent Grow, Inc. $5,050
P.O. Box 2010
Methuen, MA 01844
Contact: Current Officer
8. Grete A. Engel $193,968
949 Glenview Ave.
Milwaukee, WI 53213
Contact: Schmidlkofer, Toth Loeb & Drosen, LLC
9. Intuit Outsource Payroll $52,510
4317 NE Thurston Way, Suite 270
Vancouver, WA 98662
Contact: Richard James & Associates, Inc.
10. Jeffer Mangels Butler and Mitchell $58,609
3 Park Plaza, Suite 1100
Irvine, CA 92614
Contact: Current Officer
11. Martha Wheeler Anderson $100,000
4933 Indianola Way
La Canada
Flintridge, CA 91011
12. Michael Coan $5,197
14047 West Petronella Dr.
Libertyville, IL 60048
Contact: Clayton P. Voegtle
13. PVK Associates $84,350
965 W. 8th St.
San Pedro, CA 90731
Contact: Penelope von Kalinowski
14. Reinhart Boerner Van Dueren, S.C. $129,732
1000 North Water St., Ste. 1700
Milwaukee, WI 53202
Contact: Current Officer
15. Rich DuPrey Yhp Design Group, LLC $5,197
7760 South 51st Street, Unit 101
Franklin, WI 53132
Contact: Current Officer
16. Todd Anderson $199,246
4933 Indianola Way
La Canada
Flintridge, CA 91011
17. U.S. Bank N.A. $25,068
P.O. Box 790408
Saint Louis, MO 63179
Contact: Current Officer
18. WE Energies Gas Pipeline $6,300
400 N. Broadway, Suite 402
Milwaukee, WI 53202
Contact: Case Law Firm SC
19. WE Energy $163,709
231 W. Michigan St.
Milwaukee, WI 53203
Contact: Current Officer
20. Yardi Systems, Inc. $12,000
430 South Fairview Ave.
Goleta, CA 93117
Contact: Current Officer
RESIDENTIAL PROPERTIES: Seeks to Use Cash Collateral
----------------------------------------------------
Residential Properties Resources Fund II, LLC and affiliates ask
the U.S. Bankruptcy Court for the Eastern District of Wisconsin for
authority to use cash collateral and provide adequate protection.
The Debtors operate an integrated business focused on acquiring,
rehabilitating, stabilizing, and managing a portfolio of over 240
single-family residential rental properties across Milwaukee and
surrounding Wisconsin markets, with rental streams serving as their
primary operational cash flow. Highgrove manages all Debtor
entities except TOMCO, which is managed by David L. Tomblin (who
also serves as CEO and president of Highgrove). The Debtors'
aggregate secured debt stands at approximately $14.6 million,
encumbering real property valued in excess of $22.5 million, which
creates an equity cushion of over $7.9 million.
The primary secured debts are held across four main lender tiers:
U.S. Bank Trust National Association (the largest lender, holding
~$8.5 million secured by an ~85-parcel portfolio owned by RPRFII A,
subject to a limited receiver); F Street Investments (~$3.9 million
across six property tranches held by RPR Fund II and OPZ Fund I);
Mach 1 Capital ($1.1 million owed by RPR Fund II and $450,000 owed
by OPZ Fund I); and several Individual Investor Lenders holding
approximately $270,000 in RPR Fund II loans (Minghua Payne, Sara
Gallagher, Sean Gallagher, Patrick Gallagher, Steven Straley) and
$320,000 in OPZ Fund I loans (3 DOT 31, Minghua Payne, Sara
Gallagher).
Access to cash collateral is required to fund essential business
operations, pay wages, cover utilities, maintain insurance, pay
property taxes, and complete necessary property repairs to prevent
waste and physical deterioration. To avoid requesting an emergency
hearing upon filing, counsel advised the Debtors to utilize
unencumbered cash and prepaid expenses to fund initial operations;
however, the Debtors anticipate a critical need to begin using
encumbered cash collateral no later than August 19, 2026. The
Debtors assert that full operational continuity is a sound exercise
of business judgment that maximizes estate value, prevents
immediate fire-sale liquidations, and guarantees full recovery for
all secured creditors, unsecured creditors, and equity investors.
To adequately protect the Secured Lenders against any potential
diminution in the value of their collateral during the Chapter 11
cases, the Debtors propose a multi-part adequate protection
structure. This package includes: (1) automatically perfected
post-petition replacement liens on post-petition assets to the same
validity, extent, and priority as pre-petition liens; (2)
distribution of property sale proceeds, where 25% of net sale
proceeds are paid directly to the lienholder on the sold asset and
75% is placed into a "Rehabilitation Reserve" to fund property
improvements on other portfolio assets securing that same lender
(or 100% directly to the lender if no other collateral exists); (3)
preservation of property through regular maintenance to avoid
waste; (4) maintenance of full property and hazard insurance at
pre-petition levels; (5) reliance on the substantial $7.9 million
equity cushion; and (6) monthly financial reporting delivered to
Secured Lenders by the 21st of each month detailing receipts,
disbursements, property sale statuses, and Rehabilitation Reserve
balances.
A court hearing will be held on August 19.
A copy of the motion is available at https://urlcurt.com/u?l=xgwQuW
from PacerMonitor.com.
About Residential Properties Resources Fund II, LLC
Residential Properties Resources Fund II, LLC and affiliates
operate an integrated business focused on acquiring,
rehabilitating, stabilizing, and managing a portfolio of over 240
single-family residential rental properties across Milwaukee and
surrounding Wisconsin markets.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-24303) on July 29,
2026. In the petition signed by David Tomblin, authorized
representative, the Debtor disclosed up to $10 million in assets
and up to $50 million in liabilities.
Jerome R. Kerkman, Esq., at Kerkman & Dunn, represents the Debtor
as legal counsel.
ROCKY MOUNTAIN: To Employ Deschenes & Duhon as Legal Counsel
------------------------------------------------------------
Rocky Mountain Sleep Disorders Center, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Montana to employ
Deschenes & Duhon, PLLC to serve as legal counsel.
The firm will provide these services:
(a) representing Applicant in all matters in this case;
(b) preparing and prosecuting a chapter 11 plan;
(c) analyzing proofs of claim and objecting to the same as
appropriate; and
(d) preparing and presenting motions, applications, and other
pleadings and papers as are reasonably necessary to accomplish
Applicant's goals.
Zach B. Duhon, Esq. of Deschenes & Duhon will receive an hourly
rate of $300. Paralegals will also receive hourly rates of $155 to
$175.
Deschenes & Duhon, PLLC states that it has no connections with the
Debtor, creditors, or any other party in interest, their respective
attorneys and accountants, the United States Trustee, or any person
employed in the Office of the United States Trustee, and is a
"disinterested person" as defined in 11 U.S.C. Sec. 101(14), except
that Zach B. Duhon previously represented the Debtor in this case
through Deschenes & Associates Law Offices.
The firm can be reached at:
Zach B. Duhon, Esq.
DESCHENES & DUHON, PLLC
309 First Avenue North
P.O. Box 3466
Great Falls, MT 59403-3466
Telephone: (406) 761-6112
E-mail: da@dalawmt.com
About Rocky Mountain Sleep Disorders
Center
Rocky Mountain Sleep Disorders Center, Inc. is a regional sleep
medicine provider based in Montana that diagnoses and treats a
broad range of sleep disorders through overnight and daytime
polysomnography, titration studies, PAP-related procedures, and
related testing services. Operating clinics in Great Falls, Butte,
Bozeman and Kalispell, the center serves patients across a
five-state region with comprehensive diagnostic, therapeutic and
support services for conditions such as obstructive sleep apnea and
narcolepsy.
Rocky Mountain sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mont. Case No. 26-40007) on January 14,
2026, with $1 million to $10 million in both assets and
liabilities. Paul Schmook, president, signed the petition.
Judge Benjamin P. Hursh oversees the case.
The Debtor tapped Zach B. Duhon, Esq., at Deschenes & Associates
Law Offices as counsel and Katherine Durbin, CPA, at Douglas Wilson
& Company, PC as accountant.
ROSECRANS CROSSINGS: Case Summary & Four Unsecured Creditors
------------------------------------------------------------
Debtor: Rosecrans Crossings Partners, LLC
3605 Long Beach Blvd
Suite 408
Long Beach, CA 90807
Business Description: Rosecrans Crossings Partners, LLC is a
Long Beach, California-based investment company with a financial
interest in commercial property at 2215 and 2251 W. Rosecrans Ave.
in Compton, California.
Chapter 11 Petition Date: July 27, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-17461
Judge: Hon. Sheri Bluebond
Debtor's Counsel: Onyinye N Anyama, Esq.
ANYAMA LAW FIRM, A.P.C.
18000 Studebaker Rd.
Suite 325
Cerritos, CA 90703
Tel: (562) 645-4500
Email: info@anyamalaw.com
Total Assets: $466,925
Total Liabilities: $7,530,980
The petition was signed by Ronald Meer, manager of Pelican Harbor,
LLC, which serves as the Debtor's manager.
A full-text copy of the petition, which includes a list of the
Debtor's four unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/JPIUGYA/Rosecrans_Crossings_Partners_LLC__cacbke-26-17461__0001.0.pdf?mcid=tGE4TAMA
RUSSELLVILLE DENTAL LAB: Gets Extension to Access Cash Collateral
-----------------------------------------------------------------
Russellville Dental Lab, LLC received second interim approval from
the U.S. Bankruptcy Court for the Western District of Kentucky,
Bowling Green Division, to use cash collateral to fund operations.
The Debtor's cash collateral consists of funds in which secured
creditors, including the U.S. Small Business Administration and On
Deck Capital, Inc., hold security interests through liens on its
accounts receivable and related assets.
The order authorized the Debtor, retroactive to the petition date,
to use cash collateral in accordance with the budget, subject to
reasonable variances and increases in cost of goods sold as
expenses become due.
As adequate protection, the Debtor agreed to make monthly payments
of $1,051 to the U.S. Small Business Administration for the use of
its cash collateral. In addition, the SBA and On Deck Capital, Inc.
will be granted continuing replacement liens and security interests
in the Debtor's collateral, maintaining the same priority as their
prepetition interests.
These adequate protection liens are automatically perfected and
will survive any future conversion or dismissal of the Chapter 11
case.
The interim authorization to use cash collateral will remain
effective until three business days after the hearing on
confirmation of the debtor's Subchapter V plan.
The order preserves the rights of any entity asserting a valid
perfected lien on the Debtor's cash collateral, and the bankruptcy
court retained jurisdiction to interpret and enforce the terms of
the order.
The order is available at https://shorturl.at/89sto
About Russellville Dental Lab LLC
Russellville Dental Lab, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-10553) on
June 15, 2026. In the petition signed by Lee Coursey, member, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.
Judge Joan A. Lloyd oversees the case.
Robert C. Chaudoin, Esq., at Harlin Parker, represents the Debtor
as legal counsel.
SAMYS OC: Court Extends Cash Collateral Access to Aug. 30
---------------------------------------------------------
Samys OC, LLC received another extension from the U.S. Bankruptcy
Court for the District of Kansas to use cash collateral.
The court issued its 15th interim order extending the Debtor's
authority to use cash collateral through August 30 to pay operating
expenses set forth in its budget, subject to a 10% variance.
As adequate protection for the Debtor's use of their cash
collateral, secured creditors Dream First Bank and the U.S. Small
Business Administration will be granted replacement liens on all
post-petition cash collateral and other property of the Debtor,
with the same priority and extent as their pre-bankruptcy liens.
As additional protection, Dream First Bank will continue to receive
a monthly payment of $59,913.90.
The interim order provides for a carveout of up to $125,000 for
attorney fees and expenses, and up to $25,000 for other
professional fees and disbursements.
Events of default under the order include the Debtor's failure to
make payments to secured creditors; unauthorized use of cash
collateral; dismissal of the Debtor's Chapter 11 case; obtaining
credit secured by a lien on collateral that is equal or senior to
liens held by secured creditors; and failure to keep the collateral
insured.
Samys OC owes approximately $8.35 million to Dream First Bank and
$500,000 to the SBA and had about $131,000 in total cash collateral
at the outset of the case.
A copy of the court's order is available at
https://shorturl.at/pm1lN from PacerMonitor.com.
About Samys OC LLC
Samys OC, LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Kansas Case No. 24-11166) on
Nov. 14, 2024, listing up to $50,000 in assets and $10 million to
$50 million in liabilities. The petition was signed by Amro M. Samy
as managing member.
Judge Mitchell L Herren presides over the case.
Lora J. Smith, Esq., at Hinkle Law Firm is the Debtor's bankruptcy
counsel.
Dream First Bank, as secured creditor, is represented by:
Scott M. Hill, Esq.
Hite, Fanning & Honeyman, LLP
100 N. Broadway, Ste. 950
Wichita, KS 67202-2216
Telephone: (316) 265-7741
Facsimile: (316) 267-7803
hill@hitefanning.com
SASAS HOSPITALITY: Liquidating Plan Confirmed by Judge
------------------------------------------------------
Judge Bruce W. Black has entered an order approving the Disclosure
Statement and confirming the Plan of Liquidation of SASAS
Hospitality LLC.
As shared by the Troubled Company Reporter, the Debtor has
liquidated its assets to enable payments to creditors in accordance
with the terms of the proposed Plan of Liquidation. The only
payments to be made to any creditors under this Plan shall be from
the $100,000.00 carve out.
This Plan provides for distributions to the holders of allowed
claims from a carve out of a total of $100,000.00 from the sale in
March, 2026 of the hotel owned by the Debtor located at 5105 S.
Howell Avenue, Milwaukee, Wisconsin 53207 including all permanent
buildings and other improvements thereon, all easements, rights of
way, reservations, privileges, appurtenances, and other estates and
rights of Seller pertaining to the land and improvements, and all
tangible and intangible and personal property, including without
limitation, all equipment, furniture fixtures, inventories,
supplies, licenses, permits, warranties, guarantees, plans, phone
numbers, and other assets used exclusively in connection with the
ownership, use, operation or maintenance of the Property as
described herein and the "Best Western" hotel operated from the
Property ("Hotel") generated through the liquidation of the
Debtor's assets.
In general, the Debtor will pay Administrative Claims (One Class),
Priority Claims (Three Class) and General Unsecured Creditors.
Class 1 consists of Allowed General Unsecured Claims. Debtor has
attached a detailed list of creditors that lists the allowed
general unsecured creditors totaling a balance of $5,300,305.78.
Distributions to General Unsecured Creditors shall be paid from the
$100,000.00 carve out after the payment to Administrative Claimants
and Priority Creditors pro rata. No distribution to general
unsecured creditors is anticipated.
The Plan is self-executing. The Debtor shall not be required to
execute any newly created documents to effectuate the terms of the
Plan.
The Debtor will fund this Plan only through the $100,000.00 carve
out. The Plan is feasible given the carve out of $100,000.00 and
the disbursement of funds proposed.
A full-text copy of the Disclosure Statement dated April 29, 2026
is available at https://urlcurt.com/u?l=j5Z7wR from
PacerMonitor.com at no charge.
SASAS Hospitality, LLC is represented by:
Paul M. Bach, Esq.
Penelope N. Bach, Esq.
Bach Law Offices, Inc.
P.O. Box 1285
Northbrook, IL 60062
Telephone: (847) 564 0808
A copy of the Plan Confirmation Order dated July 22, 2026 is
available at https://urlcurt.com/u?l=ijCpcP from PacerMonitor.com
at no charge.
About SASAS Hospitality LLC
SASAS Hospitality, LLC, is a hospitality company that owns a
property at 5105 S Howell Ave, Milwaukee, Wis.
SASAS Hospitality filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 25-03643) on March 10, 2025, listing between $1 million and $10
million in both assets and liabilities.
Judge Jacqueline P. Cox handles the case.
Paul M. Bach, at Bach Law Offices, is the Debtor's bankruptcy
counsel.
Albany Bank & Trust Company, as secured creditor, is represented
by:
David A. Golin, Esq.
Saul Ewing, LLP
161 North Clark Street, Suite 4200
Chicago, IL 60601
Phone: (312) 876-7100
E-mail: david.golin@saul.com
SAVIN GRACE: Plan Confirmation Hearing Scheduled for Aug. 26
------------------------------------------------------------
Judge Pamela W. McAfee of the U.S. Bankruptcy Court for the Eastern
District of North Carolina conditionally approved the Disclosure
Statement describing Plan of Reorganization of Savin Grace, LLC.
The Disclosure Statement is conditionally approved as containing
adequate information in accordance with section 1125 of the
Bankruptcy Code and is subject to final approval of the Court at
the Combined Hearing.
The Debtor's request for a Combined Hearing on the final approval
of the Disclosure Statement and confirmation of the Plan, and the
following Confirmation Schedule, are approved:
* August 19, 2026 is fixed as the last day for filing and serving
in accordance with Rule 3017(a), Federal Rules of Bankruptcy
Procedure, written objections to the disclosure statement.
* August 26, 2026 at 11:00 AM is the hearing on confirmation of
the plan.
* August 19, 2026 is fixed as the last day for filing written
acceptances or rejections of the plan. The enclosed ballot should
be completed and filed with the plan proponent on or before that
date.
* August 19, 2026 is fixed as the last day for filing and serving
written objections to confirmation of the plan pursuant to Rule
3020(b)(1), Federal Rules of Bankruptcy Procedure.
As shared by the Troubled Company Reporter, the Chapter 11 plan
proposes to reorganize the debtor's debts while allowing the
business to continue operating. Payments under the plan will be
funded through income generated from the debtor's ongoing
operations.
Key Plan Provisions
* Class 6 General Unsecured Creditors
-- This class includes all allowed, undisputed, noncontingent
unsecured claims, deficiency claims, claims arising from rejected
executory contracts, and any claims not otherwise specifically
classified under the plan.
-- As of the filing of the plan, the approximate total of
general unsecured and known deficiency claims is $5,593.04.
-- According to the liquidation analysis, unsecured creditors
would receive no distribution in a liquidation.
-- Under the plan, the debtor proposes to pay $5,000 to Class 6
creditors in a single lump-sum, pro rata distribution on or before
the last day of the sixth full calendar month following the plan's
effective date.
* Class 9 Equity Interest Holders
-- Existing equity holders will retain their ownership interests
in the debtor on the effective date.
The plan will be funded from the debtor's continued business
operations. Creditors whose collateral has been abandoned by the
debtor are required to terminate their UCC-1 financing statements
within 30 days of the plan's effective date. If they fail to do so,
the debtor is authorized to terminate the financing statements on
their behalf.
Any creditor with abandoned collateral seeking to assert a
deficiency claim must file that claim within 30 days of the plan's
effective date.
A full-text copy of the Disclosure Statement dated July 17, 2026 is
available at https://urlcurt.com/u?l=JnhQIJ from PacerMonitor.com
at no charge.
Counsel to the Debtor:
Ciara L. Rogers, Esq.
Bobby Decker, Esq.
Waldrep Wall Babcock & Bailey PLLC
3600 Glenwood Ave, Suite 210
Raleigh, NC 27612
Telephone: (984) 480-2005
Email: crogers@waldrepwall.com
bdecker@waldrepwall.com
A copy of the Court's Order dated July 21, 2026, is available at
https://urlcurt.com/u?l=U5b24z from PacerMonitor.com.
About Savin Grace LLC
Savin Grace, LLC runs a residential facility for children and
adolescents with mental health, behavioral, and intellectual
disabilities, along with community-based peer support services in
Johnston County, North Carolina, from its facility in Selma, North
Carolina.
Savin Grace sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-01924) on April 30,
2026, with up to $500,000 in both assets and liabilities.
Jacqueline Bell, member manager and president of Savin Grace,
signed the petition.
Judge Pamela W. Mcafee oversees the case.
Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey PLLC,
represents the Debtor as legal counsel.
SENTINEL PURCHASER: Moody's Assigns 'B2' CFR, Outlook Stable
------------------------------------------------------------
Moody's Ratings assigned a B2 corporate family rating and B2-PD
probability of default rating to Sentinel Purchaser II Holdco LLC
(System One). Moody's also assigned B2 ratings to the proposed
senior secured first-lien bank credit facilities, which consist of
a $75 million revolving credit facility expiring 2031 and a $550
million term loan maturing 2033. The outlook is stable. Moody's
took no action on the ratings of OCM System One Buyer, CTB, LLC
(OCM) and instrument ratings on the existing bank credit
facilities. System One is a provider of outsourced technical
services and workforce solutions specializing in the engineering,
energy, technology, legal, scientific and digital & creative
sectors.
Proceeds from the proposed debt along with cash and rollover equity
will be used to purchase the company, repay existing debt and pay
transaction costs. Oaktree Capital Management (the current owner)
and StepStone Group will be investing new cash equity and hold
equal ownership stakes of System One, less a small rollover
ownership stake held by management. The existing ratings under OCM
will be withdrawn when its debts are repaid.
Although there is an increase of roughly $130 million in debt pro
forma for this transaction, the new borrower group includes about
$25 million of EBITDA from two operating subsidiaries that are
currently outside of OCM's restricted lender. Therefore, Moody's
considers the impact of the proposed transaction to future credit
metrics largely neutral. Pro forma for the transaction, debt/EBITDA
was roughly 5x for the twelve months ended April 30, 2026, which is
in line with the debt leverage at OCM as of that date. Moody's also
expects the company to generate free cash flow of roughly $40
million over the next year.
Moody's expectations for aggressive financial policies under
concentrated private company ownership, including additional
debt-financed tuck-in acquisitions, was a key ESG governance
consideration.
RATINGS RATIONALE
The assignment of the B2 CFR reflects System One's moderately high
debt/EBITDA which Moody's expects will decline to below 5x over the
next year, driven by modest revenue and earnings growth. The rating
also reflects its modest profitability as well as exposure to the
competitive and cyclical outsourced services industry. The rating
is also constrained by Moody's santicipation for aggressive
financial strategies under concentrated private ownership.
All financial metrics cited reflect Moody's standard adjustments.
The B2 CFR is supported by the diverse and relatively resilient end
markets the company serves (engineering, energy, technology, legal,
scientific and digital & creative sectors) and Moody's expectations
for continued demand growth for outsourced services. The end market
the company serves tend to be non-cyclical that rely on more
specialized skilled workers. The CFR also acknowledges the
company's high customer retention rates, a variable cost structure,
and low capital spending needs. Its good liquidity profile also
supports the ratings.
System One's assigned B2 senior secured credit facility ratings are
in line with the B2 CFR, which reflects it is the only class of
debt in the capital structure. The credit facility is guaranteed on
a secured, first-priority basis by all of the borrower's domestic
restricted subsidiaries.
Moody's expects System One to have good liquidity over the next 12
to 15 months. Liquidity is supported by the $75 million revolving
credit facility expiring in 2031 (undrawn) as well as Moody's
expectations for free cash flow of about $40 million over the next
year. These liquidity sources will be ample to cover the required
annual term loan amortization of $5.5 million. There are no
financial maintenance covenants applicable to the term loan. For
the revolver, there is a springing first lien maximum net leverage
covenant. Moody's do not expect the company to use the revolver
over the next year, and do not expect the covenant to be tested.
Marketing terms for the new credit facilities (final terms may
differ materially) include the following: Incremental pari passu
debt capacity up to the greater of $116.9 million and 100% of
EBITDA, plus unlimited amounts subject to 5.00x first-lien secured
leverage (or leverage no worse than immediately prior to a related
permitted investment). There is an inside maturity sublimit up to
the greater of $116.9 and 100% of EBITDA. The credit facilities
will have a "blocker" provision to restrict the transfer of
material intellectual property to unrestricted subsidiaries, as
well as "Envision" protection. The credit agreement provides some
limitations on up-tiering transactions, requiring affected lender
consent for amendments that subordinate the liens.
The stable outlook reflects Moody's expectations that debt/EBITDA
will decline to below 5x over the next year, driven by modest
revenue and earnings growth. The stable outlook also reflects
Moody's expectations for the company to maintain a good liquidity
profile with strong free cash flow generation.
A comprehensive review of all credit ratings for the respective
issuer(s) has been conducted during a rating committee.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Ratings could be upgraded with consistent revenue, profitability
and earnings growth along with balanced financial policies
supportive of debt/EBITDA remaining below 4x and maintenance of a
good liquidity profile.
Ratings could be downgraded should System One experience declines
in customer retention rates, revenue or profitability rates. If
debt/EBITDA is sustained above 5.5x or should liquidity
deteriorate, including free cash flow/debt declining to a
low-single-digit percentage range, ratings could also be
downgraded. More aggressive financial policies could also
negatively pressure ratings.
The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.
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.
System One provides services out of over 50 field offices across
the US and serves a broad range of commercial, industrial and
government clients across multiple end markets. Revenue was roughly
$1.3 billion for the twelve months ended April 30, 2026.
SERVESTAR LLC: Plan Exclusivity Period Extended to Sept. 15
-----------------------------------------------------------
Judge Nicholas W. Whittenburg of the U.S. Bankruptcy Court for the
Eastern District of Tennessee extended ServeStar, LLC's exclusive
periods to file a plan of reorganization to Sept. 15, 2026.
As shared by Troubled Company Reporter, the Debtor explains that by
extending the exclusivity period, the Court will allow the company
to finalize development of a chapter 11 plan which facilitates the
best interest of all creditors and parties in interest, without
unwarranted interference from dissident parties attempting to
derail or otherwise unravel the Debtor's restructuring process.
Importantly, the Debtor has successfully maintained or otherwise
fulfilled its cash collateral obligations as well as its critical
vendor and ordinary course financial obligations even during the
ramping up period since the filing date.
Moreover, the case is still approximately four months old. As such,
considering the obligations of the Debtor are being met as well as
the stature of the case, the extension of the exclusivity period
will allow the Debtor to capitalize on the immense negotiating
progress made.
The Debtor asserts that considering the high potential for a final
resolution of this case, the existence of a competing plan, even if
unconfirmable, would unnecessarily complicate what the Debtor hopes
to be a consensual or otherwise successful plan development
process. The exhaustion of estate resources to counter potential
creditor factions would likely harm the restructuring process as a
whole, thus reducing creditor recoveries and the going concern
value of the businesses generally.
ServeStar, LLC, is represented by:
Roy Michael Roman, Esq.
RMR Legal PLLC
70 N. Ocoee Street
Cleveland, TN 37311
Telephone: (423) 528-8484
Facsimile: (423) 717-5564
E-mail: roymichael@rmrlegal.com
About ServeStar LLC
ServeStar, LLC, provides commercial and residential plumbing
services across the southeastern United States and select
additional regions, including Tennessee, Georgia, Alabama,
Kentucky, Florida, Texas, Ohio, and North Carolina. It offers a
range of solutions such as drain cleaning, water heater
installation and repair, drain line repair with fiber-optic
inspections, backflow testing, and 24/7 emergency plumbing
services.
ServeStar sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D. Tenn. Case No. 26-10417) on Feb. 17, 2026, with
between $1 million and $10 million in both assets and liabilities.
The petition was signed by Aaron Miller as chief executive
officer.
Judge Nicholas W. Whittenburg oversees the case.
The Debtor is represented by Roy Michael Roman, Esq., at Rmr Legal,
PLLC.
SILVERMAN CHIROPRACTIC: Hires Diaco Law as Special Counsel
----------------------------------------------------------
Silverman Chiropractic & Rehabilitation Center, Inc. seeks approval
from the U.S. Bankruptcy Court for the Southern District of
Florida, Miami Division to hire Joseph F. Diaco, Jr., Esq. of Diaco
Law to serve as special counsel.
The attorney will provide these services:
(a) act as special counsel in pursuing Personal Injury Protection
claims against Progressive Insurance Company and potentially other
insurance companies regarding the denial of shockwave therapy
treatment billed under CPT code 0101T;
(b) review files for underpayment/nonpayment of PIP insurance
claims for Extracorporeal Shock Wave Therapy;
(c) pursue claims which COUNSEL believes are viable causes of
action; and
(d) file lawsuits against insurers when COUNSEL believes filing a
lawsuit will result in additional money.
Mr. Diaco will be paid on a contingency fee of 20 percent of
recovery plus semidurable costs and 50% of any punitive damage
award. The Retainer Agreement provides that:
-- For recovery of PIP benefits owed: 20 percent of the total
amount paid by the responsible insurer.
-- For recovery of punitive damages under Fla. Stat. Secs. 624155 &
626.9541 (Unfair Insurance Claims Settlement Practices/Statutory:
50 percent of the total amount paid by the responsible insurer.
An additional fee of 5 percent of any recovery if an appeal is
necessary.
Joseph F. Diaco, Jr., Esq. and Diaco Law are "disinterested
persons" as required by 11 U.S.C. Sec. 327(a), according to court
filings. Neither Mr. Diaco nor Diaco Law represent any interest
adverse to the Debtor or the estate, are owed any funds by the
Debtor, or have previously represented the Debtor.
The firm can be reached at:
Joseph F. Diaco, Jr., Esq.
DIACO LAW
605 South Blvd.
Tampa, FL 33606
About Silverman Chiropractic & Rehabilitation
Silverman Chiropractic & Rehabilitation is a Miami, Florida-based
healthcare provider specializing in chiropractic care, auto
accident treatment, and post-accident rehabilitation services. The
practice operates multiple clinics across South Florida, including
locations in Plantation, Hialeah, Miami, and Doral.
Silverman Chiropractic & Rehabilitation sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-18936) on July
8, 2026. In its petition, the debtor reported estimated assets of
$500,000 to $1 million and estimated liabilities of $1 million to
$10 million.
The debtor is represented by Thomas L. Abrams, Esq.
SILVERMAN CHIROPRACTIC: Seeks to Hire Chase Engelbrecht as Counsel
------------------------------------------------------------------
Silverman Chiropractic & Rehabilitation Center, Inc. seeks approval
from the U.S. Bankruptcy Court for the Southern District of Florida
to hire Chase Engelbrecht, Esq. of Alpha Law Group to serve as
special counsel.
The attorney will provide these services:
(a) act as Debtor's special counsel in pursuing Personal Injury
Protection claims against Progressive, and potentially other
insurance companies, for their systemic denial of shockwave therapy
treatment billed under CPT code 0101T;
(b) review files for underpayment/nonpayment of PIP insurance
claims for Extracorporeal Shock Wave Therapy;
(c) pursue claims which Counsel believes are viable causes of
action;
(d) file lawsuits against insurers when Counsel believes filing a
lawsuit will result in additional money; and
(e) employ other lawyers to perform special services on the
client's behalf to the extent such legal services are necessary for
the prosecution of the client's claims.
Mr. Engelbrecht will be paid on a contingency fee of 20 percent of
recovery plus reimbursable costs and 50% of any punitive damage
award in conjunction with (not in addition to) the Diaco Law Group
fees.
Neither Chase Engelbrecht nor Alpha Law Group represent any
interest adverse to the Debtor or the estate, and they are
disinterested persons as required by 11 U.S.C. Sec. 327(a). Neither
Mr. Engelbrecht nor his firm are owed any funds by the Debtor and
have not previously represented the Debtor.
The firm can be reached at:
Chase J. Engelbrecht, Esq.
ALPHA LAW GROUP
2101 S. Tamiami Trail
Sarasota, FL 34239
About Silverman Chiropractic & Rehabilitation
Silverman Chiropractic & Rehabilitation is a Miami, Florida-based
healthcare provider specializing in chiropractic care, auto
accident treatment, and post-accident rehabilitation services. The
practice operates multiple clinics across South Florida, including
locations in Plantation, Hialeah, Miami, and Doral.
Silverman Chiropractic & Rehabilitation sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-18936) on July
8, 2026. In its petition, the debtor reported estimated assets of
$500,000 to $1 million and estimated liabilities of $1 million to
$10 million.
The debtor is represented by Thomas L. Abrams, Esq.
SIMPLY SOLAR: Gets Interim OK to Use Cash Collateral
----------------------------------------------------
Simply Solar, LLC on August 4 received interim approval the U.S.
Bankruptcy Court for the Central District of California, Riverside
Division, to use cash collateral.
Under the interim order, the Debtor is authorized to use cash
collateral through August 21 to fund its operations based on a
court-approved budget.
The Debtor is prohibited from using cash collateral to make
payments to insiders unless it first complies with all applicable
provisions of the Bankruptcy Code and Local Bankruptcy Rule 2014-1
governing such payments.
As a condition of using cash collateral, the Debtor is required to
make monthly payments of $373 to OneSource Distributors, LLC and
$2,518 to the U.S. Small Business Administration. The first
payments are due within seven days after entry of the order, with
subsequent payments due on the first day of each month thereafter.
In addition, secured creditors will be granted replacement liens on
the Debtor's pre-petition and post-petition assets in case of any
decline in the value of their collateral, with the same validity,
priority and extent as their pre-petition liens.
A copy of the court's order is available at
https://shorturl.at/ilYUa from PacerMonitor.com.
A final hearing is scheduled for August 20.
Simply Solar's financial distress was precipitated by escalating
material costs due to global economic pressures, coupled with a
reliance on high-interest merchant cash advance loans to fund
operational expenses. Operating out of leased premises, The Debtor
holds estimated personal property assets of $168,2510, faces
general unsecured claims totaling $1,367,377, and owes $1,183,633
in secured obligations across several creditors, including
OneSource, the SBA, Consolidated Electrical Distribution, ASSN
Company, Lendistry SBLC LLC, and First Corporate Solutions.
About Simply Solar LLC
Simply Solar LLC designs and installs residential and commercial
solar panels, EV chargers, and batteries.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 6:26-bk-16000-SY) on
July 24, 2026. In the petition signed by Anita Bradbury, member,
the Debtor disclosed up to $500,000 in assets and up to $10 million
in liabilities.
Judge Scott H. Yun oversees the case.
Michael Jay Berger, Esq., at Law Offices of Michael Jay Berger,
represents the Debtor as legal counsel.
SKYLINE PITKIN: Hires Kelly Wren as Real Estate Counsel
-------------------------------------------------------
Skyline Pitkin Avenue LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Kelly Wren,
Esq. as real estate counsel.
Mr. Wren will assist in drafting, negotiating, and closing
documents to sell the Debtor's premises at 1585 Pitkin Avenue,
Brooklyn, New York.
Mr. Wren will be paid a flat fee of $2,500 for the services
rendered.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Kelly Wren, Esq.
1265 Richmond Avenue
Staten Island, NY 10314
Tel: (718) 966-0929
About Skyline Pitkin Avenue LLC
Brooklyn, New York-based Skyline Pitkin Avenue LLC is a
single-asset real estate entity that owns a two-story mixed-use
building on Pitkin Avenue with a ground-floor retail storefront and
two residential apartments above, with an estimated comparable sale
value of approximately $1.5 million.
Skyline Pitkin Avenue LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
26-41289) on March 18, 2026, listing $1,500,000 in assets and
$687,050 in liabilities. The petition was signed by Shawn Wewelwala
as president and authorized member.
Judge Elizabeth S Stong presides over the case.
The Law Office of Jay Meyers/J.Meyers PLLC serves as the Debtor's
counsel.
SKYLINE PITKIN: Seeks to Hire E Homes Realty as Broker
------------------------------------------------------
Skyline Pitkin Avenue LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ E Homes Realty
and Management Inc. as broker.
The firm will market and sell the Debtors' commercial real property
located at 1585 Pitkin Avenue Brooklyn, NY.
The firm will be paid a commission of 1 percent of the gross sales
price.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Zi Qing Li
E Homes Realty and Management Inc.
6005 6th Avenue
Brooklyn, NY
Tel: (718) 680-2776
About Skyline Pitkin Avenue LLC
Brooklyn, New York-based Skyline Pitkin Avenue LLC is a
single-asset real estate entity that owns a two-story mixed-use
building on Pitkin Avenue with a ground-floor retail storefront and
two residential apartments above, with an estimated comparable sale
value of approximately $1.5 million.
Skyline Pitkin Avenue LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
26-41289) on March 18, 2026, listing $1,500,000 in assets and
$687,050 in liabilities. The petition was signed by Shawn Wewelwala
as president and authorized member.
Judge Elizabeth S Stong presides over the case.
The Law Office of Jay Meyers/J.Meyers PLLC serves as the Debtor's
counsel.
SONSHINE THERAPY: Gets Interim OK to Use Cash Collateral
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Georgia
entered an interim order authorizing Sonshine Therapy, LLC to use
cash collateral.
The court authorized the Debtor to use approximately $133,000 in
cash collateral through August 31, in accordance with the interim
budget, while permitting a 25% variance from the projected budgeted
amounts to provide operational flexibility.
As of the petition date, the Debtor estimated its cash collateral
at approximately $133,000, consisting of $15,000 in bank accounts,
$118,000 in pre-petition accounts receivable, and no inventory.
To provide adequate protection, the court granted the U.S. Small
Business Administration and other lenders claiming an interest in
the cash collateral replacement liens on the Debtor's inventory,
deposits, accounts receivable, and related proceeds to the same
extent, validity, and priority as their pre-petition liens. The
replacement liens exclude Chapter 5 avoidance actions.
The order preserves the Debtor's right to challenge the validity,
extent, or priority of any lender's pre-petition liens. It also
preserves the Debtor's right to challenge the validity, extent, or
priority of any lender's pre-petition liens.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/Dop3X from PacerMonitor.com.
A final hearing is scheduled for September 3.
About Sonshine Therapy, LLC
Sonshine Therapy, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 26-40737) on July
24, 2026, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.
The Debtor is represented by:
Jon A. Levis, Esq.
Levis Law Firm, LLC
Tel: 478-237-7029
Email: bkymail@levislawfirmllc.com
SOUTH BAY: Case Summary & 12 Unsecured Creditors
------------------------------------------------
Debtor: South Bay Contractors, Inc.
32448 Conqueror Dr
Rancho Palos Verdes, CA 90275-6006
Business Description: South Bay Contractors, Inc. is a privately
held single-asset real estate company that owns and operates a
commercial property at 2251 W. Rosecrans Ave. in Compton,
California.
Chapter 11 Petition Date: July 28, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-17471
Debtor's Counsel: James E Till, Esq.
TILL LAW GROUP
120 Newport Center Dr.
Newport Beach CA 92660
Tel: (949) 524-4999
Email: james.till@till-lawgroup.com
Estimated Assets: $10 million to $50 million
Estimated Liabilities: $10 million to $50 million
The petition was signed by Marzieh Amidnamin as president, CEO, and
sole director.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/ZPQ7FPI/South_Bay_Contractors_Inc__cacbke-26-17471__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's 12 Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Evergreen Professional Debt Collection $367,454
Recoveries
12110 NE 195th St Ste 125
Bothell, WA 98011
Tel: (206) 223-1676
2. Moghan Gabby Unsecured Loan $150,000
3. Kavyan Setareh, Trustee Unsecured Loan $50,000
Attn Nicholas Siciliano
4500 Park Granada Ste 202
Calabasas, CA 91302-1666
4. Stearns & Ryan Legal Services $24,648
Attn Ryan Stearns
21250 Hawthorne Blvd Ste 310
Torrance, CA 90503
Tel: (310) 793-9570
5. 7-Eleven Loan-Private $10,000
Attn Gurdev Singh
2251 W Rosecrans Ave Unit 123
Compton, CA 90222
6. Buckner, Robinson & Mirkovich Legal Services $5,000
3146 Red Hill Ave Ste 200
Costa Mesa, CA 92626
Tel: (714) 432-0990
7. Ed Hull $5,000
Law Office of Hakimi & Shahriari
15760 Ventura Blvd Ste 650
Los Angeles, CA 91436
Tel: (888) 635-2250
8. USC Inc Security Camera $3,000
Attn Said Fallaahi
27955 Glade Ct
Santa Clarita, CA 91384
Tel: (818) 919-3076
9. Republic Trash Services Utilities $1,600
2509 W Rosecrans Ave
Gardena, CA 90249
Tel: (310) 327-8461
10. Liberty Utilities Water/Utilities $1,588
9750 Washburn Rd
Downey, CA 90241
11. Farmers Insurance Property Ins. $1,577
Attn Marc Lewis
6301 Owensmouth Ave
Woodland Hills, CA 91367-2216
Tel: (310) 508-2663
12. Southern California Edison Utilities $648
1551 W San Bernardino Rd
Covina, CA 91722-3407
SOUTHERN POINTE: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
Southern Pointe Land, LLC received interim approval from the U.S.
Bankruptcy Court for the Western District of Louisiana, Lake
Charles Division, to use cash collateral.
Under the court order, the Debtor is authorized to use cash
collateral only for ordinary operating expenses of its manufactured
home community in accordance with an approved budget. Budget
variances are limited to 10% per line item and 5% in total monthly
disbursements without written consent from Vanderbilt Mortgage and
Finance, Inc. or further court approval.
The Debtor is required to establish a segregated
debtor-in-possession cash collateral account, deposit all property
revenues into that account, and is prohibited from commingling or
diverting cash collateral.
As adequate protection, the Debtor is required make monthly
payments of $20,000 to Vanderbilt, with the first payment due by
August 15.
In addition, Vanderbilt will receive automatically perfected
replacement liens on post-petition rents, accounts receivable, and
cash to the extent of any diminution in its collateral. Additional
safeguards include insurance coverage and regular financial
reporting.
The interim order requires the Debtor to account for and turn over
previously collected rents, grants Vanderbilt inspection rights,
and preserves all of Vanderbilt's legal remedies in the event of
default.
A final hearing is scheduled for August 26, with objections due by
August 19.
A copy of the court's order is available at
https://shorturl.at/scupq from PacerMonitor.com.
A copy of the Debtor's budget is available at
https://shorturl.at/XZDgr from PacerMonitor.com.
About Southern Pointe Land LLC
Southern Pointe Land, LLC is a real estate company focused on land
holdings and property development projects. The filing did not
provide extensive details regarding the company's business
operations.
The company filed for protection under Chapter 11 of the Bankruptcy
Code (Case No. 26-20306) on June 18, 2026. The petition lists
estimated assets between $10 million and $50 million and estimated
liabilities between $10 million and $50 million.
Honorable Bankruptcy Judge John W. Kolwe handles the case.
The Debtor is represented by Barbara B. Parsons, Esq. and William
E. Steffes, Esq. of The Steffes Firm, LLC.
Vanderbilt Mortgage and Finance, Inc., as lender, is represented
by:
Bradley L. Drell, Esq.
Conner L. Dillon, Esq.
GOLD, WEEMS, BRUSER, SUES & RUNDELL
P.O. Box 6118
Alexandria, LA 71307-6118
Telephone: (318) 445-6471
Facsimile: (318) 445-6476
E-mail: cdillon@goldweems.com
SPI SOLAR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Lead Debtor: SPI Solar, Inc.
c/o Crowe Cayman Ltd.
94 Solaris Ave. Camana Bay, Grand Cayman
P.O. Box 30851, KY1-1204, Cayman Islands
Business Description: SPI Solar, Inc., EdisonFuture Inc.,
SolarJuice American Inc. and Solar4America Technology Inc. are
affiliated companies engaged in solar-project development,
residential solar and roofing services, solar-module manufacturing
and electric-vehicle and energy-technology operations.
The companies operate within the broader SPI Energy corporate
group.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
District of Delaware
Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
SPI Solar, Inc. 26-11209
EdisonFuture Inc. 26-11211
SolarJuice American Inc. 26-11212
Solar4America Technology Inc. 26-11213
Judge: Hon. Mary F. Walrath
Debtors' Counsel: Frederick B. Rosner, Esq.
THE ROSNER LAW GROUP, LLC
824 North Market Street
Suite 801
Wilmington, DE 19801
Tel: (302) 777-1111
Email: rosner@teamrosner.com
SPI Solar, Inc.'s
Estimated Assets: $1 million to $10 million
SPI Solar, Inc.'s
Estimated Liabilities: $1 million to $10 million
EdisonFuture Inc.'s
Estimated Assets: $10 million to $50 million
EdisonFuture Inc.'s
Estimated Liabilities: $10 million to $50 million
SolarJuice American's
Estimated Assets: $1 million to $10 million
SolarJuice American's
Estimated Liabilities: $1 million to $10 million
Solar4America Technology's
Estimated Assets: $0 to $50,000
Solar4America Technology's
Estimated Liabilities: $10 million to $50 million
The petitions were signed by Graham Robinson as director.
Full-text copies of the petitions are available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/H4A3LBI/SPI_Solar_Inc__debke-26-11209__0001.0.pdf?mcid=tGE4TAMA
https://www.pacermonitor.com/view/DOW77XQ/EdisonFuture_Inc__debke-26-11211__0001.0.pdf?mcid=tGE4TAMA
https://www.pacermonitor.com/view/KDEVMKQ/SolarJuice_American_Inc__debke-26-11212__0001.0.pdf?mcid=tGE4TAMA
https://www.pacermonitor.com/view/RHVSMNA/Solar4America_Technology_Inc__debke-26-11213__0001.0.pdf?mcid=tGE4TAMA
List of SPI Solar, Inc.'s 20 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. 140 Blue Ravine, LLC Litigation Claim $2,265,000
c/o Buchalter
500 Capitol Mall, Suite 1900
Attn: Josh H. Escovedo and Emily G. Malhiot
Sacramento, CA 95814
Tel: (916) 945-5170
Email: jescovedo@buchalter.com
2. ADT Commercial LLC Default Judgment $13,254
c/o Gaba Law
25 Mauchly, Suite 300
Attn: Rodolfo Gaba, Jr. & Ryan Arakawa
Irvine, CA 92618
Contact: Rodolfo Gaba, Jr.
Tel: (888) 391-1228
Email: updates@gaba.law
3. Alexander, Winton & Litigation Claim $137,555
Associates, Inc.
c/o Sakamaki Law Firm
500 N. State College Blvd., Suite 1100
Attn: Francis T. Sakamaki
Orange, CA 92868
Tel: (714) 634-1101
Email: francis@orangecountylaw.net
4. Bixuan Xie Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
5. Burch & Cracchiolo, PA Default Judgment $33,898
1850 N. Central Avenue, Suite 1700
Attn: Brian F. Murphy
Phoenix, AZ 85004
Tel: (602) 234-9914
Email: bmurphy@bcattorneys.com
6. Chungui Xiong Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
7. Consolidated Electrical Default Judgment $3,193,946
Distributors, Inc.
dba Greentech Renewables
c/o Fields Law Group, LLP
115 S Chaparral Ct
Anaheim, CA 92808
Contact: C. Kerry Fields, c/o Fields Law Group
Tel: (714) 282-9292
Email: ckfields@fieldslg.com
8. Haode Tan Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
9. JAJ Roofing dba Citadel Litigation Claim $402,753
Roofing and Solar
c/o Venable LLP
101 California Street, Suite 3800
San Francisco, CA 94111
Contact: John S. Worden and Christopher Brown
Tel: (415) 653-3750
Email: jsworden@venable.com; and
cbrown@venable.com
10. Jihua Kan Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
11. Jingjiao Qin Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
12. Jinhan Zhou Compensation $43,348
346 Colner Cir
Folsom, CA 95630-3583
Tel: (909) 485-7325
Email: kinghan0420@gmail.com
13. Jinming Qin Litigation Claim Unknown
c/o The Vargas Law Firm, LLC
807 Silver Ave. S.W.
Attn: Ray M. Vargas, II
Albuquerque, NM 87102
Tel: (505) 242-1670
Email: ray@vargaslawfirmabq.com
14. Judy Wu Compensation $47,189
5690 W Cog Hill Ter
Dublin, CA 94568-1166
Email: judywu7019@yahoo.com
Email: judy.wu@spigroups.com
15. Matthew Masini Judgment $189,163
c/o Baker Manock & Jensen PC
5260 N. Palm Avenue, Suite 201
Attn: Dirk B. Paloutzian
Fresno, CA 93704
Tel: (559) 432-5400
Email: dpaloutzian@bakermanock.com
16. McClellan Realty, LLC Judgment Unknown
c/o Buchalter
500 Capitol Mall, Suite 1900
Attn: Candice B. Harper and Joshua J. Moon
Sacramento, CA 95814
Contact: Candice B. Harper
Tel: (916) 929-7000
Email: charper@buchalter.com
17. Nigel Perez Compensation $65,661
2328 Starflower Drive
Tracy, CA 95376
Tel: (650) 996-9029
Email: nigelperez@gmail.com
Email: nigelp@phoenixev.ai
18. Nkosi Leach and Chi Litigation Claim Unknown
Shing Vincent
c/o Wilshire Law Firm
660 S. Figueroa Street, Sky Lobby
Attn: John Yslas, Jeffrey Bils, Aram Boyadjian
Los Angeles, CA 90017
Contact: John Yslas
Tel: (213) 329-7576
Email: john.yslas@wilshirelawfirm.com
19. SRS Distributing, Inc. Default Judgment $468,416
dba Roofline Supply and Delivery
c/o Gibbs Giden Locher Turner Senet &
Wittbrodt LLP
12100 Wilshire Blvd., Suite 300
Los Angeles, CA 90025
Contact: Sara H. Kornblatt
Tel: (310) 552-3400
Email: skornblatt@gibbsgiden.com
20. Toppan Merrill LLC Litigation Claim $22,360
c/o Glassberg, Pollak & Associates
1000 Fourth Street, Suite 570
Attn: Robert L. Pollak and Dominique S. Angelo
San Rafael, CA 94901
Contact: Robert L. Pollak
Tel: (415) 291-8320
Email: gpa@glassberg-pollak.com
SPOKANE INDUSTRIES: Court OKs Continued Use of Cash Collateral
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Washington
entered a third agreed order authorizing Spokane Industries, LLC to
continue using cash collateral.
The order authorized the Debtor to continue using cash collateral
for the expenditures identified in the extended budget, subject to
the same terms and conditions contained in the previously entered
final cash collateral order.
The termination date for the Debtor's authority to use cash
collateral was extended to August 11, with the possibility of a
further extension through September 27 upon agreement between the
Debtor and Pathward N.A. and approval by the court.
The order also provides that Pathward may not terminate the
Debtor's cash collateral authority before August 11 based on an
asserted default under a specified provision of the prior order.
About Spokane Industries LLC
Spokane Industries, LLC operates a foundry in Spokane Valley,
Washington, producing castings for the mining industry and
employing more than 100 steel workers while selling products to
customers worldwide.
Spokane Industries sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Wash. Case No. 26-00116) on January
23, 2026, with $9,872,078 in assets and $19,854,752 in liabilities.
The petition was signed by Patrick Turner as managing member.
Judge Frederick P. Corbit oversees the case.
The Debtor is represented by Thomas A. Buford, Esq., at Bush
Kornfeld, LLP.
Jonas Anderson, Acting U.S. Trustee for Region 18, appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case. Schwabe, Williamson & Wyatt, P.C. is the
committee's legal counsel.
SPORTSCAPERS CONSTRUCTION: Seeks Cash Collateral Access
-------------------------------------------------------
Sportscapers Construction Inc. asks the U.S. Bankruptcy Court for
the Southern District of Texas, Houston Division, for authority to
use cash collateral and provide adequate protection.
The Debtor initiated its voluntary Chapter 11 Subchapter V
bankruptcy to restructure a balance sheet heavily burdened by
high-cost financing obligations—specifically a merchant cash
advance facility whose regular daily debits severely drained
operating cash flow. Despite generating approximately $1.56 million
in revenue between January 1 and June 19, 2026, the company
incurred over $51,000 in finance charges, resulting in a net income
of only $9,000. Tom Howley was appointed as the Subchapter V
Trustee, with key administrative milestones set for late mid-2026:
a Section 341 creditors' meeting on July 31, a Section 1188(a)
status conference on August 25, and a reorganization plan deadline
of September 28, 2026.
The Debtor's prepetition secured obligations are structured across
five principal lenders ranked by UCC filing priority, alongside
specific equipment financiers. The U.S. Small Business
Administration holds a first-priority blanket lien securing a
COVID-19 EIDL with a balance of approximately $143,000. Prosperity
Bank holds second-priority liens on accounts and personal property,
along with a deed of trust on the real estate valued at $925,000,
securing an outstanding note of $463,120. Frost Bank holds
third-priority liens on accounts securing a $198,571.21 revolving
credit line, in addition to $48,155 in purchase-money vehicle
loans. Kapitus LLC holds fourth-priority liens on receivables
securing an asserted balance of $321,314 (personally guaranteed by
Mr. Thompson), and Amarillo National Bank holds fifth-priority
account liens securing a $191,138 balance. Specific equipment
lenders include Kubota Credit Corp. ($57,905 on a track loader) and
Ally Bank ($79,903 on a work truck).
Substantially all of the Debtor's cash assets—comprising bank
balances of $29,751, undeposited funds of $16,909, and accounts
receivable of $567,831—constitute cash collateral necessary to
fund daily operations, payroll, materials, and subcontractor crews.
Addressing the timing of the emergency filing, the Debtor noted
that a brief delay occurred because sole practitioner counsel
experienced the sudden illness and death of a close associate,
though business operations and cash flow continued in the ordinary
course throughout July without prejudice to creditors. For the
August 1 through August 31, 2026 budget period, the Debtor projects
approximately $200,000 in receipts against $193,535 in operating
disbursements, starting with an opening cash balance of $12,000 and
ending with $6,465 in net proceeds. The budget discloses weekly
insider compensation of $2,500 to Roderick Thompson and $1,500 to
Leslie Thompson, while requesting authority subject to standard
line-item and aggregate variances.
To protect secured parties against potential diminution in
collateral value during the bridge period prior to plan
confirmation, the Debtor offers a comprehensive adequate protection
package. This includes automatically perfected postpetition
replacement liens on assets of the same character and scope as
prepetition collateral, alongside monthly cash payments of $4,389
directly to Prosperity Bank to satisfy its monthly mortgage
installment. No cash adequate protection payments are proposed for
the SBA, Frost, Kapitus, or Amarillo National Bank because ongoing
operational work continuously converts raw labor into new accounts
receivable that preserve the core collateral base. Furthermore, all
secured parties will receive monthly budget variance reporting,
Section 507(b) superpriority administrative claims to the extent of
any uncompensated diminution, and the continued maintenance of full
property and casualty insurance ahead of the Debtor's formal plan
submission on September 28, 2026.
A copy of the motion is available at https://urlcurt.com/u?l=hEHCWl
from PacerMonitor.com.
About Sportscapers Construction
Inc.
Sportscapers Construction Inc. is a Houston, Texas-based
specialized athletic facility and sports court construction
company. The business provides turnkey architectural design and
construction services for basketball, pickleball, and tennis
facilities throughout the Gulf Coast region, including Ganado,
Edna, and Livingston, and is an authorized dealer of specialized
sports lighting systems.
Sportscapers Construction Inc. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No.
26-34660) on June 30, 2026. In its petition, the Debtor reports
estimated assets between $1 million and $10 million and estimated
liabilities between $1 million and $10 million.
Honorable Bankruptcy Judge Jeffrey P. Norman handles the case.
The Debtor is represented by Jeremy Thomas Wood, Esq., at the Law
Office of Jeremy T. Wood, PLLC.
STANLEY J. BERKE: Taps BFSNG Law Group as Counsel
-------------------------------------------------
Stanley J. Berke M.D., P.C. dba Berke Eye Care seeks approval from
the U.S. Bankruptcy Court for the Eastern District of New York to
hire BFSNG Law Group, LLP to serve as legal counsel.
The firm will provide these services:
(a) provide legal advice with respect to the powers and duties of
the Debtor during the Chapter 11 case;
(b) advise and assist the Debtor in connection with appearances
before the Bankruptcy Court and issues related to the
Debtor-in-Possession;
(c) assist the Debtor-in-Possession, including prosecuting and
defending litigation;
(d) advise the Debtor in the preparation and negotiation of a plan
of reorganization; and
(e) prepare and file necessary applications, answers, orders,
reports, documents and other legal papers and provide other legal
services as necessary.
BFSNG Law Group, LLP will receive a retainer of $15,000 plus $1,738
filing fee to be applied to the fees and expenses incurred by the
firm in connection with this Chapter 11 case. The firm's fees will
be based on its customary hourly rates for attorneys and
paraprofessionals, plus reimbursement of reasonable expenses.
BFSNG Law Group, LLP is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code, as modified by Section
1107(b) of the Bankruptcy Code, according to court filings.
The firm can be reached at:
Heath S. Berger, Esq.
BFSNG LAW GROUP, LLP
6851 Jericho Turnpike, Suite 250
Syosset, NY 11791
Telephone: (516) 747-1136
About Stanley J. Berke M.D. P.C.
Stanley J. Berke M.D. P.C. is a Westbury, New York-based
ophthalmology medical practice operating under the trade name Berke
Eye Care. The practice provides comprehensive ophthalmic services,
including medical eye care, vision treatment, and specialized
ophthalmology services from its primary office in Syosset, New
York. Historically, the practice has maintained affiliations with
Long Island Jewish Medical Center and Syosset Hospital.
Stanley J. Berke M.D. P.C. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-72750) on July 9,
2026. In its petition, the debtor reported estimated assets of
$100,000 to $500,000 and estimated liabilities of $100,000 to
$500,000.
Honorable Sheryl P. Giugliano is presiding over the case.
The debtor is represented by Heath S. Berger, Esq., of BFSNG Law
Group, LLP.
STEINMETZ PLUMBING: Employs Tran Singh as Legal Counsel
-------------------------------------------------------
Steinmetz Plumbing, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Tran Singh LLP to
serve as legal counsel.
The firm will provide these services:
(a) analyzing the financial situation, and rendering advice and
assistance to the Debtor;
(b) advising the Debtor with respect to its rights, duties, and
powers as a debtor in this case;
(c) representing the Debtor at all hearings and other
proceedings;
(d) preparing and filing of all appropriate petitions, schedules
of assets and liabilities, statements of affairs, answers, motions
and other legal papers as necessary to further the Debtor's
interests and objectives;
(e) representing the Debtor at the meeting of creditors and such
other services as may be required during the course of the
bankruptcy proceedings;
(f) representing the Debtor in all proceedings before the Court
and in any other judicial or administrative proceeding where the
rights of the Debtor may be litigated or otherwise affected;
(g) preparing and filing of a Disclosure Statement and Chapter 11
Plan of Reorganization;
(h) assisting the Debtor in analyzing the claims of the creditors
and in negotiating with such creditors; and
(i) assisting the Debtor in any matters relating to or arising out
of the captioned case.
Tran Singh LLP will charge hourly rates of $550 for Susan Tran
Adams and Brendon Singh, and $325 for Marissa Ellison. The firm
will also charge $95 per hour for work of legal assistants and bill
the Debtor for all out-of-pocket expenses incurred in accordance
with its normal billing practices.
Tran Singh LLP is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court
filings.
The firm can be reached at:
Susan Tran Adams, Esq.
Brendon Singh, Esq.
TRAN SINGH LLP
2502 La Branch Street
Houston, TX 77004
Telephone: (832) 975-7300
Facsimile: (832) 975-7301
E-mail: bsingh@ts-llp.com
About Steinmetz Plumbing Inc.
Steinmetz Plumbing, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No.
25-37611) on December 16, 2025, listing up to $50,000 in assets and
between $1 million and $10 million in liabilities. Rebecca
Steinmetz signed the petition as secretary.
Judge Hon. Eduardo V Rodriguez oversees the case.
The Debtor is represented by Robert C. Lane, Esq. of The Lane Law
Firm.
STUDENTROOMSTAY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: StudentRoomStay International Corporation
2950 Broad Street #1116
San Luis Obispo, CA 93401
Business Description: StudentRoomStay operates a homestay
platform that facilitates housing searches, communication,
bookings, and placements between students and host families.
The company conducts host background checks and home verifications
and provides orientation, arrival coordination, and ongoing
student support. It also works with schools and agencies and
operates in the United States, Australia, and New Zealand.
Chapter 11 Petition Date: July 23, 2026
Court: United States Bankruptcy Court
Central District of California
Case No.: 26-11063
Judge: Hon. Ronald A Clifford III
Debtor's Counsel: Ryan W. Beall, Esq.
BEALL & BURKHARDT, APC
1114 State Street, Suite 200
Santa Barbara, CA 93101-6722
Tel: 805-966-6774
Total Assets: $7,787
Total Liabilities: $1,717,098
The petition was signed by Adam Lee as CEO.
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/AVBOC5Q/StudentRoomStay_International__cacbke-26-11063__0001.0.pdf?mcid=tGE4TAMA
STUDIO 22 FITNESS: Hires Cristo Law Group as Counsel
----------------------------------------------------
Studio 22 Fitness, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of New York to employ Cristo Law
Group LLC dba Trevett Cristo as counsel.
The firm will provide these services:
a. give the Debtor legal advice with respect to its powers and
duties as Debtor-in-Possession in the continued operation of its
business and in the management of its property;
b. take necessary action to avoid liens against Debtor's
property, remove restraints against the Debtor's property and such
other actions to remove any encumbrances or liens which are
avoidable, which were placed against the property of the Debtor
prior to the filing of the Petition instituting this proceeding and
at a time when the Debtor was insolvent;
c. take necessary action to enjoin and stay until final decree
herein any attempts by secured creditors to enforce liens upon
property of the Debtor in which property Debtor has substantial
equity;
d. represent the Debtor as Debtor-in-Possession in any
proceedings which may be instituted in this Court by creditors or
other parties during the course of this proceeding;
e. prepare on behalf of the Debtor, as Debtor-in-Possession,
necessary petitions, answers, orders, reports and other legal
papers;
f. perform all other legal services for the Debtor as
Debtor-in-Possession, or to employ attorneys for such services.
The firm will be paid at these rates:
Partners $400 per hour
Associates $200 per hour
Paralegals $100 per hour
The firm will be paid a retainer in the amount of $15,000.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
David H. Healy, Esq., a partner at Cristo Law Group, LLC, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
David H. Healy, Esq.
Cristo Law Group, LLC
45 Exchange Blvd., Suite 888
Rochester, NY 14614
Tel: (585) 454-2181
Email: dealy@trevettcristo.com
About Studio 22 Fitness, Inc.
Studio 22 Fitness, Inc. operates fitness facilities in Hilton, East
Rochester, Oswego, and Warsaw, New York. The company provides gym
memberships, 24/7 member access at listed gym locations, group
fitness classes, personal training, and program design. Its
offerings also include corporate membership options, insurance
based membership access, and cardio and strength equipment for
members.
Studio 22 Fitness sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-20517) on June 30,
2026, with $262,642 in assets and $2,058,718 in liabilities. John
R. Nizamis, president of Studio 22 Fitness, signed the petition.
Judge Carl L. Bucki presides over the case.
David H. Ealy, Esq., Esq., at Cristo Law Group, LLC represents the
Debtor as bankruptcy counsel.
SUZANNE'S SERENITY: Gets Final OK to Use Cash Collateral
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York
entered a final order authorizing Suzanne's Serenity Massage P.C.
to use BHG Financial's cash collateral.
Under the final order, the Debtor is authorized to use cash
collateral in accordance with the approved budget, provided that
individual budget line-item disbursements do not exceed the
approved amounts by more than 5%.
A copy of the Debtor's budget is available at https://h1.nu/1AzrV
from PacerMonitor.com.
To protect BHG's secured interest, the court granted the secured
creditor replacement liens on the Debtor's post-petition assets and
proceeds, maintaining the same validity and priority as BHG’s
pre-petition liens. The replacement liens exclude Chapter 5
avoidance actions and their proceeds.
In addition, BHG will receive a monthly payment of $500 from the
Debtor.
The final order establishes a carveout for U.S. Trustee fees and up
to $10,000 in Chapter 7 trustee fees if the case is converted.
The order is available at
http://bankrupt.com/misc/SuzannesSerenity_CCOrder28.pdf
About Suzanne's Serenity Massage P.C.
Suzanne's Serenity Massage P.C. is a massage therapy practice based
in Port Jefferson, New York. The practice provides therapeutic,
medical, oncology, deep tissue, caregiver, prenatal, and infant
massage, along with aromatherapy and techniques such as myofascial
release, trigger point therapy, neuromuscular therapy, soft-tissue
manipulation, and lymphatic drainage. Led by Suzanne D. Fischer, a
Licensed Massage Therapist, the practice serves clients seeking
wellness, pain, mobility, oncology-related, caregiver, and
recovery-related support. Suzanne's Serenity Massage P.C. also
hosts monthly seminars on self-care, oncology massage, and support
resources.
Suzanne's Serenity Massage filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
26-72104) on May 26, 2026, with up to $50,000 in assets and $1
million to $10 million in liabilities.
Judge Louis A. Scarcella presides over the case.
Heath S. Berger, Esq., at Bfsng Law Group, LLP represents the
Debtor as legal counsel.
SYMPLR SOFTWARE: Moody's Cuts CFR to Ca, Outlook Remains Stable
---------------------------------------------------------------
Moody's Ratings downgraded Symplr Software Intermediate Holdings,
Inc.'s (symplr) corporate family rating to Ca from Caa2 and the
probability of default rating to Ca-PD from Caa3-PD. Concurrently,
Moody's downgraded Symplr Software, Inc.'s backed senior secured
first-lien bank credit facilities, comprising a $103 million
revolving credit facility and $1.56 billion of term loan debt, to
Caa3 from Caa1. The outlook remains stable for both entities.
symplr is a provider of healthcare operations software and
solutions to healthcare facilities and healthcare providers.
The downgrade of symplr's CFR to Ca from Caa2 reflects Moody's
views that the likelihood of a debt restructuring has increased
given the company's persistent cash flow deficits and very high
financial leverage resulting in an unsustainable debt capital
structure. The company faces significant debt maturities in 2027,
beginning with its revolving credit facility expiring September
2027 and senior secured first-lien term loan due December 2027.
Moody's expects the company's weak credit metrics, including very
high debt/EBITDA less capitalized software costs in excess of 13x,
and cash flow deficits, will persist up to its 2027 debt maturities
and increases the likelihood of a default.
The stable outlook indicates Moody's views that revenue should grow
in the low single-digits over the next 12 months. The company will
rely heavily on its $103 million revolving credit facility and $75
million asset based lending facility to fund cash flow deficits of
around $60 million over the next 12 months.
ESG considerations were a key driver of the rating action,
reflecting very high governance risks from the company's tolerance
for an unsustainable, highly levered capital structure and Moody's
anticipations of a debt restructuring.
RATINGS RATIONALE
The Ca CFR is constrained by high financial leverage, with a
limited timeframe to achieve sufficient earnings growth to
meaningfully reduce its financial leverage before its 2027 debt
maturities and a weak liquidity profile.
symplr benefits from a strong niche competitive position in the
healthcare operations software industry. Demand for SaaS solutions
is supported by increased healthcare spending, greater
regulatory-driven complexity, margin pressures at healthcare
providers, and the need for an enterprise-wide solution to support
the complexity of healthcare operations as hospital systems
consolidate. The credentialing, staffing, and scheduling software
that symplr's platform facilitates are necessary to providers in
managing their workforce. The company has strong EBITDA margins in
the 30% range with a highly recurring revenue base.
Unless otherwise noted, all financial metrics cited reflect Moody's
standard adjustments.
The downgrade of the senior secured first-lien term loan and
revolver ratings to Caa3 from Caa1 reflects the overall Ca-PD
probability of default rating. The Caa3 ratings are one notch above
symplr's Ca CFR and reflect the facilities' priority position in
the capital structure, ahead of the unrated $502 million senior
secured second-lien term loan due December 2028.
Moody's considers symplr's liquidity to be weak, reflecting Moody's
expectations for cash flow deficits. Moody's expects the company to
rely heavily on its credit facilities over the next 12 to 18 months
to fund annual cash flow deficits of around $60 million. As of
March 31, 2026, the company had $25 million of cash and around $113
million of combined borrowings under its $103 million revolving
credit facility expiring September 2027 and $75 million asset-based
lending facility collateralized by accounts receivables, also
expiring in 2027. Moody's believes this is sufficient liquidity to
operate through the end of 2026, but that additional liquidity
would be needed by 2027 without unexpected earnings growth. The
company has an 8.5x first lien net leverage covenant test that
comes into effect when the revolver is 35% drawn. Moody's expects
that the company will remain in compliance, but that the covenant
will likely be tested during the next 12 to 18 months.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be upgraded if the company addresses its debt
maturity profile and reduces its debt burden.
The ratings could be downgraded if the company's liquidity were to
erode faster than Moody's expects such that the likelihood of
default became more imminent or if the company were to undertake a
distressed exchange of its debt.
The principal methodology used in these ratings was Software
published in December 2025.
symplr's Ca rating is two notches below the scorecard-indicated
outcome of Caa2, reflecting Moody's views that the likelihood of a
debt restructuring is elevated over the next two years given the
company's debt maturity profile and weak liquidity.
Headquartered in Houston, TX, Symplr Software Intermediate
Holdings, Inc. and its subsidiaries provide healthcare operations
software and solutions to healthcare facilities and healthcare
providers. Symplr Software Intermediate Holdings, Inc. is a holding
company and parent to the borrower that is primarily owned
indirectly by private equity owners Clearlake Capital and
Charlesbank.
Moody's expects the company will generate around $550 million in
revenue in 2026.
SYNERGENX LEGACY: Gets Extension to Access Cash Collateral
----------------------------------------------------------
SynergenX Legacy Holdings, LLC and affiliated debtors received
second interim approval from the U.S. Bankruptcy Court for the
Southern District of Texas to use cash collateral.
Under the second interim, the Debtors are authorized to use cash
collateral in accordance with the approved budget, subject to a 15%
permitted variance, through the final hearing scheduled for August
11, unless extended by agreement with the secured lenders.
The Debtors may collect and receive cash in the ordinary course of
business but are prohibited from making payments exceeding the
approved budget without further court approval. The order also
prohibits any payments or distributions to non-debtor insiders or
their affiliates.
Pre-petition lenders and subordinated lenders will be granted
automatically perfected post-petition replacement liens on
substantially all estate assets, together with superpriority
administrative expense claims under Section 507(b) of the
Bankruptcy Code to protect against any diminution in the value of
their collateral.
The replacement liens remain subject to a limited carveout for
statutory court and U.S. Trustee fees, while existing intercreditor
and subordination agreements remain fully enforceable.
The order preserves the Debtors' right to challenge the validity or
perfection of the pre-petition lenders' security interests.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/mAzjA from PacerMonitor.com.
The court scheduled a final hearing for August 11.
About SynergenX Legacy Holdings LLC
SynergenX Legacy Holdings, LLC operates a network of medical
clinics specializing in hormone replacement therapy (HRT),
testosterone replacement therapy, medically supervised weight loss,
and wellness services. Headquartered in Houston, Texas, the company
serves patients through multiple clinic locations across several
states, offering personalized treatment programs focused on
hormonal health and metabolic wellness.
SynergenX Legacy Holdings, LLC and its debtor affiliates sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case
No. 26-90644) on July 2, 2026. In their petition, the Debtors
reported estimated assets of $100 million to $500 million and
estimated liabilities of $50 million to $100 million.
Honorable Bankruptcy Judge Christopher M. Lopez oversees the
cases.
The Debtors are represented by Frank Wright, Esq., and Jeffery M.
Veteto, Esq., at the Law Offices of Frank J. Wright, PLLC; and R.J.
Shannon, Esq., and Sean Wilson, Esq., at Shannon Lee Beatty, LLP.
Stretto, Inc. is the Debtors' claims, noticing and solicitation
agent.
TENTH PLACE: Gets Final OK to Use Cash Collateral
-------------------------------------------------
Tenth Place, LLC received final approval from the U.S. Bankruptcy
Court for the District of Arizona to use cash collateral in its
Chapter 11 case.
Under the final order, the Debtor is authorized to use cash
collateral, including cash on hand and future collections, in
accordance with the operating budget. The Debtor is also authorized
to make payments consistent with the amounts outlined in the motion
and approved budget.
As adequate protection, any creditor asserting a valid interest in
the cash collateral will be granted replacement liens on the
Debtor's post-petition cash collateral and related proceeds,
maintaining the same extent, validity, and priority as any
pre-petition liens.
The order preserves the Debtor's rights to dispute the validity,
amount, priority, perfection, or enforceability of any asserted
claims or liens and does not constitute an admission regarding any
creditor's secured status.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/xbYoo from PacerMonitor.com.
Tenth Place is a single-asset real estate debtor whose principal
asset is commercial real property located at 7022 North 10th Place,
Phoenix, Arizona, where its tenant, DP 10th Place LLC, operates a
long-term care facility. The Debtor receives approximately $6,500
in monthly rent from its tenant and historically paid $5,157 per
month to Citadel on its loan obligations. Citadel is the Debtor's
sole secured creditor and its security interests extend to rental
income.
The Debtor entered into a loan agreement with Citadel in September
2022 for approximately $602,000, secured by the Phoenix property
and its rental income. Financial difficulties eventually caused the
debtor to fall behind on loan payments during 2025. As a result,
Citadel initiated a trustee's sale of the property scheduled for
May 27, 2026.
To prevent the foreclosure and preserve the property while
restructuring its obligations, Tenth Place filed its voluntary
Chapter 11 petition a day before the scheduled sale. The filing
stayed the foreclosure proceedings and enabled the debtor to pursue
a reorganization while continuing to operate as
debtor-in-possession under sections 1107 and 1108 of the
Bankruptcy
Code.
About Tenth Place LLC
Tenth Place, LLC is a limited liability company engaged in real
estate ownership, development, and investment activities.
Tenth Place, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-05217) on May 26, 2026. In its
petition, the Debtor reports estimated assets between $100,001 and
$1 million and estimated liabilities between $100,001 and $1
million.
Honorable Bankruptcy Judge Brenda K. Martin handles the case.
The Debtor is represented by Grant L. Cartwright, Esq. of May,
Potenza, Baran & Gillespie, P.C.
TEXAS WINE: Hires Ag Management as Cash Flow Consultant
-------------------------------------------------------
Texas Wine Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Bart Schilling of
Ag Management Group to serve as Cash Flow Consultant.
The firm will provide these services:
(a) prepare cash flow projections based upon operating
expenses and other factors in order to enable Texas Wine Company,
Inc. to prepare cash flows to support its Chapter 11 Plan and
demonstrate the feasibility of the Plan;
(b) assist with preparation of Monthly Operating Reports
required to be filed with the Court; and
(c) provide related services in connection with the
preparation of cash flow projections, including expert witness
testimony when necessary.
Mr. Schilling will charge $200 per hour plus expenses for services
related to the preparation of cash flow projections and related
services, $250 per hour for expert witness testimony, and will
require a $2,500 retainer.
Bart Schilling and Ag Management Group are "disinterested" and "do
not represent or hold any interest adverse to the Debtor or to the
estate with respect to the matters in which he is to be employed
and has no connections with the Debtor, the creditors, any other
party-in-interest, or their respective attorneys," according to
court filings.
The firm can be reached at:
Bart Schilling
AG MANAGEMENT GROUP
11915 Frankford Ave., Ste. 300
Lubbock, TX 79424
Telephone: (806) 786-3258
E-mail: bart@agmanagement.net
About Texas Wine Company, Inc.
Texas Wine Company, Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-50119) on April
6, 2026, with $500,001 to $1 million in assets and up to $50,000 in
liabilities.
Judge Stacey G. Jernigan oversees the case.
David R. Langston, Esq., at Mullin, Hoard & Brown represents the
Debtor as legal counsel.
THE.TEAM: S&P Downgrades ICR to 'B' on Higher Leverage
------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on The.Team by
two notches to 'B' from 'BB-'.
S&P said, "At the same time, we lowered our issue-level rating on
the company's existing term loan to 'B+' from 'BB-' and revised the
recovery rating to '2' from '3', indicating our expectation for
substantial (70%-90%; rounded estimate: 75%) recovery in the event
of a default.
"The stable outlook reflects our expectation that The.Team's margin
expansion and revenue growth will support deleveraging below 7x in
2027, while higher cash interest will somewhat limit free cash flow
generation."
The.Team has announced its plan to finance the buyout of the
founder's remaining outstanding shares, with equity support from
Providence Equity Partners.
To that end, the company plans to issue an incremental $300 million
in first-lien debt and $275 million in seller financing, while the
sponsor will contribute $220 million, which will collectively be
used to fund the transaction, related fees & expenses, and repay
revolver borrowings related to recent acquisitions.
The incremental funded debt and financial sponsor control raises
our leverage calculations substantially, with S&P's forecast S&P
Global Ratings-adjusted leverage increasing to about 8x in 2026
from about 4x in our prior forecast.
The two-notch downgrade reflects expected adjusted leverage above
6x through at least 2027. S&P said, "The additional $575 million of
funded debt relative to our prior expectation results in a
significantly riskier financial risk profile, in our view. We now
expect S&P Global Ratings-adjusted leverage of about 8x at the end
of 2026, up from a projected 4x before the transaction. The higher
leverage also stems from a revision in our debt calculation to
exclude cash netting, consistent with our treatment of
sponsor-owned entities. The forecast continues to assume that
seasonal revolver borrowings will be repaid by year end, and so we
don't include them in our debt calculation." Next year, some
moderation of nonrecurring costs--combined with continued improving
core operating strength--will lower leverage to about 6.5x."
S&P anticipates deleveraging over time and believe further
leveraging transactions are unlikely over the next several years
based on the terms of the seller financing. Specifically, the
seller financing, which is not redeemable for five years, restricts
The.Team from paying dividends or distributions or incurring
additional debt without consent from the holder.
Free operating cash flow (FOCF) generation will be limited. The
incremental debt will add an estimated $30 million-$35 million to
the annual interest expense. This--combined with the company's real
estate buildouts in New York and Los Angeles--will suppress free
cash flow generation through fiscal 2027 to about $50 million
(unadjusted). Meanwhile, the company's significant seasonal
working-capital needs weaken its liquidity around the first quarter
of each year. The company has also used its revolver to fund
tuck-in acquisitions. As of the first quarter of 2026, the revolver
draw totaled about $171 million. Combined, these factors modestly
raise liquidity risk, though S&P continues to view the company's
liquidity as adequate, supported in part by the recent upsizing of
its revolving credit facility to $350 million from $300 million.
S&P said, "We expect good revenue and earnings growth momentum. Our
forecast for about 13% revenue growth in 2026 reflects good
performance in the company's Brands and Properties segment,
bolstered by the 2026 World Cup and high growth within the Talent
segment across sports and creators. Increased new business from
existing clients and strong recruiting trajectories within the
National Football League, Major League Baseball, and National
Basketball Association draft classes support our organic growth
expectations. Our forecast also includes an expected contribution
from its recent acquisitions, though we don't forecast additional
acquisitions. Our 2027 projection for 7% revenue growth reflects
the full-year contribution of 2026 acquisitions, ramping of its
acquihires (hires of established agents and managers who bring
existing client relationship over time), and modest organic revenue
growth, partially offset by lapping 2026 World Cup-related
revenue.
"We continue to expect about 150 basis points of EBITDA margin
expansion in 2026, supported by improvement in its core operating
performance and leveraging its revenue growth. As nonrecurring and
noncash expenses decline in 2027, we forecast further margin
expansion."
The.Team is well positioned to benefit from industry growth across
its end markets. The growing popularity of live event experiences
and the increasing value of sports and media rights have enabled
the company's strong organic revenue growth over the past several
years and support our forecast for sustained expansion. The company
is growing its Music and Entertainment business by adding clients
and expanding relationships globally, while global demand for live
music continues to increase. In sports, The.Team's recruitment of
2026 draft class athletes and its pursuit of name, image, and
likeness opportunities should support longer-term growth, while
multi-year contracts enable revenue retention. In addition,
diversification across business units and geographies mitigates
volatility within any single sector or region.
S&P said," The stable outlook on The.Team reflects our expectation
for revenue and margin expansion that support deleveraging over
time, though S&P Global Ratings-adjusted leverage will likely be
sustained above 6x at least over the next 12 months. We expect the
company will generate consistent, modest FOCF."
S&P could lower its ratings if:
-- S&P expects FOCF generation to be marginal and S&P Global
Ratings-adjusted leverage to be sustained above 7.5x, perhaps due
to higher-than-expected operating costs or a business disruption
that results in declining revenues; or
-- Competitive pressures for talent representation intensify, as
demonstrated by stalling revenue growth or compressing profit
margins, prompting us to negatively reassess S&P's view of the
business.
S&P could raise its rating on The.Team if:
-- S&P expects FOCF to debt to be sustained comfortably above 5%
and leverage declines below 6.5x on a sustained basis; and
-- It continues to deliver revenue growth and margin expansion
about in line with S&P's forecast.
TIFARET DISCOUNT: Amends SBA & Simon Ostreicher Secured Claims Pay
------------------------------------------------------------------
Tifaret Discount Inc., d/b/a Redelicious Supermarket, submitted a
Second Additional Corrected First Amended Plan of Reorganization
dated July 22, 2026.
Tifaret Discount Inc.'s reorganization plan divides claims into
five creditor classes and one equity holder class, with different
treatment for each.
* Class 1 SBA (Secured Creditor): The SBA is owed $155,699.76 as
of the petition date. The Debtor will continue making monthly
payments of $731 until the debt is fully repaid. The SBA will
retain its liens on the collateral until payment is complete.
* Class 2 Simon Ostreicher (Secured Creditor): Simon Ostreicher
agreed to forgive the Debtor's outstanding loans (approximately
$205,000) after funding the initial 5% distribution (about $82,000)
to unsecured creditors. In return, he will receive 50% ownership of
the company.
* Class 3 Secured Equipment and Vehicle Creditors: These
creditors will be repaid based on the agreed or determined value of
their collateral. Payments will be made over 36 months at 5% annual
interest. Both the Debtor and each secured creditor must provide
evidence supporting the collateral's value before confirmation.
* Class 4 Unsecured Creditors: Allowed unsecured claims will
receive 10% of the principal amount, paid in two installments of
5%: one on the Effective Date and the second one year later.
* Class 6 Equity Holders: Baruch Ausch will retain 50% ownership,
while the remaining 50% will be transferred to Simon Ostreicher. In
exchange, Ostreicher will release approximately $250,000 in loans
and provide an additional about $82,000 for the initial unsecured
creditor distribution. Baruch Ausch will remain President and Chief
Operating Officer under a five-year employment agreement with a
$100,000 annual salary plus existing fringe benefits. The Debtor
will also prepare a shareholders' agreement, amend its corporate
charter and New York State filings to reflect the ownership
changes, and continue operating under the plan.
After confirmation, the reorganized Debtor will continue operating
the business, address creditor claims, and amend its corporate
charter to prohibit the issuance of non-voting equity interests
where permitted under New York law, while completing the transfer
of 50% equity to Simon Ostreicher.
A full-text copy of the Second Additional Corrected First Amended
Plan of Reorganization dated July 22, 2026 is available at
https://urlcurt.com/u?l=erSHmz from PacerMonitor.com at no charge.
Tifaret Discount Inc. is represented by:
Leo Fox, Esq.
630 Third Avenue - 18th Floor
New York, NY 10018
Tel: (212) 867-9595
Email: leo@leofoxlaw.com
About Tifaret Discount Inc.
d/b/a Redelicious Supermarket
Tifaret Discount Inc., operating as Redlicious Supermarket, a
grocery retailer based in Monsey, New York.
Tifaret Discount Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22623) on July 9,
2025. In its petition, the Debtor estimated assets between $100,000
and $500,000 and liabilities between $1 million and $10 million.
Bankruptcy Judge Sean H Lane handles the case.
The Debtor is represented by Leo Fox, Esq.
TIPTON ACADEMY: S&P Raises Revenue Bond Long-Term Rating to 'BB+'
-----------------------------------------------------------------
S&P Global Ratings raised its long-term rating to 'BB+' from 'BB'
on Tipton Academy, Michigan's series 2021 public school academy
revenue bonds.
The upgrade reflects S&P's view of Tipton's improved financial
operations, which have sustained growth in liquidity and
strengthened lease-adjusted maximum annual debt service (MADS)
coverage over time.
The outlook is stable.
S&P said, "The stable outlook reflects our expectation that Tipton
will maintain or grow current enrollment levels and generate
healthy operating performance, supporting a steady liquidity
position, good lease-adjusted MADS coverage, and manageable debt
burden metrics.
"We could consider a negative rating action if enrollment declines
or operations produce deficits, causing lease-adjusted MADS
coverage or liquidity to weaken. While we regard this as unlikely,
we would negatively view any significant debt issuance without
commensurate growth in resources.
"We could raise the rating if the academy were to sustain increased
enrollment translating to a further improved financial profile,
including increases to reserves and robust operating surpluses."
TOOELE VALLEY: Employs Argus Law Group as Bankruptcy Counsel
------------------------------------------------------------
Tooele Valley Counseling, PLLC seeks approval from the U.S.
Bankruptcy Court for the District of Utah to hire Geoffrey L.
Chesnut, Esq. of Argus Law Group, PC to serve as general bankruptcy
counsel.
The attorney's services include:
(a) preparing on behalf of the Debtor any necessary motions,
applications, answers, orders, reports and papers as required by
applicable bankruptcy or non-bankruptcy law, dictated by the
demands of the case, or required by the Court, and to represent the
Debtor in proceedings or hearings related thereto;
(b) assisting the Debtor in analyzing and pursuing possible
reorganization possibilities;
(c) assisting the Debtor in analyzing and pursuing any proposed
dispositions of assets of the Debtor's estate;
(d) reviewing, analyzing and advising the Debtor regarding claims
or causes of action to be pursued on behalf of its estate;
(e) assisting the Debtor in providing information to creditors and
parties-in-interest;
(f) reviewing, analyzing and advising the Debtor regarding any fee
applications or other issues involving professional compensation in
the Debtor's case;
(g) preparing and advising the Debtor regarding any Chapter 11
plan filed by the Debtor;
(h) assisting the Debtor in negotiations with various creditor
constituencies regarding treatment, resolution and payment of the
creditors' claims in this case, and negotiations and discussions
with the small business trustee;
(i) reviewing and analyzing the validity of claims filed in this
case and advising the Debtor as to the filing of objections to
claims, if necessary; and
(j) performing all other necessary legal services as may be
required by the needs of the Debtor in the above-captioned case.
Mr. Chesnut's current hourly rate is $500 per hour. Argus Law Group
customary hourly rates in matters of this type are subject to
change annually in accordance with the firm's general billing
procedures.
The current hourly billing rates for attorneys and paralegals
employed by Argus Law
Senior Attorneys: $250-$500
Junior Attorneys: $180-$225 and
Paralegals: $90-$130.
Argus Law Group is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court filings.
The firm does not represent or hold any interest adverse to the
interest of the Debtor or its estate.
The firm can be reached at:
Geoffrey L. Chesnut, Esq.
ARGUS LAW GROUP, PC
2107 W. Sunset Boulevard, 2nd Floor
St. George, UT 84770
Mailing: PO Box 1948
Cedar City, UT 84721
Telephone: (435) 634-1600
Email: gchesnut@arguslawgroup.com
About Tooele Valley Counseling PLLC
Tooele Valley Counseling PLLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Utah, Central Division Case No.
26-24646) on July 29, 2026.
At the time of the filing, Debtor had estimated assets of between
$50,001 and $100,000 and liabilities of between $100,001 and
$500,000.
Judge Michael F. Thomson oversees the case.
Geoffrey L. Chesnut of Red Rock Legal Services, P.L.L.C. represents
the case.
TOPPER CORPORATION: Unsecured Creditors to Split $60K in Plan
-------------------------------------------------------------
Topper Corporation filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a Plan of Reorganization dated July 22,
2026.
The debtor is a legal entity primarily engaged in owning, managing,
and leasing commercial real estate.
The debtor's business is focused on generating income through
commercial real estate and related assets. The debtor also owns
100% of Phoenix Medical Corporation, an affiliated company that
owns and operates additional commercial rental properties.
The debtor filed for Chapter 11 because prolonged vacancies at its
rental properties eliminated the rental income needed to support
operations and meet financial obligations. As liabilities
accumulated, homeowners' association assessments became one of its
largest obligations. The loss of income also limited the debtor's
ability to maintain and restore services needed to effectively
market and operate its properties.
The bankruptcy filing is intended to:
* Restructure outstanding obligations.
* Restore necessary services.
* Stabilize business operations.
* Preserve the value of its assets.
Treatment of General Unsecured Claims (Class 2):
* Estimated allowed general unsecured claims total $377,180.45.
* Holders of allowed Class 2 claims will share $60,000 on a pro
rata basis as full and final satisfaction of their claims.
* Total distributions to this class will not exceed $60,000,
regardless of the final amount of allowed claims.
* Payments will be made in 120 equal monthly installments of $500,
beginning on the first day of the second month after the plan's
effective date.
Class 3 consists of Equity Interests. The debtor will retain its
ownership interest in the property of the bankruptcy estate.
The reorganization plan will be funded through:
* Income generated by the reorganized debtor.
* Cash reserves held on the plan's effective date.
* Ongoing cash flow from commercial rental operations.
* Any distributions received from Phoenix Medical Corporation.
Plan Feasibility
* The plan proponents believe the debtor will have sufficient cash
on the effective date to pay all claims and expenses due at that
time.
* The debtor also projects that continued rental income and
distributions from Phoenix Medical Corporation will provide
adequate cash flow to fund the reorganization plan.
A full-text copy of the Plan of Reorganization dated July 22, 2026
is available at https://urlcurt.com/u?l=vkPnZd from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Jesus E. Batista Sanchez, Esq.
The Batista Law Group, P.S.C.
Capital Center I
239 Ave. Arterial de Hostos, Suite 206
San Juan, PR 00918-1475
Telephone: (787) 620-2856
Facsimile: (787) 777-1589
E-mail: jeb@batistasanchez.com
About Topper Corporation
Topper Corporation is a legal entity primarily engaged in the
ownership, management, and leasing of commercial real estate.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.P.R. Case No. 26-01815) on April 23,
2026, with $100,001 to $500,000 in both assets and liabilities.
Jesus Enrique Batista Sanchez, at The Batista Law Group, Psc, is
the Debtor's legal counsel.
TOUCHSTONE LOGISTICS: Gets Final OK to Use Cash Collateral
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland entered a
final order authorizing Touchstone Logistics, LLC to use cash
collateral in its Subchapter V Chapter 11 case.
Under the final order, the Debtor is authorized to use cash
collateral based on the approved budget from June 18 until the
effective date of a confirmed Chapter 11 plan or further order of
the court.
The budget was updated to include a $1,500 monthly escrow payment
to the Subchapter V Trustee.
As adequate protection, the U.S. Small Business Administration and
any prospective secured lenders will be granted replacement liens
on all of the Debtor's post-petition assets and related proceeds to
the extent the use of cash collateral diminishes the value of their
pre-petition collateral. The replacement liens retain the same
priority as the creditors' existing pre-petition security
interests.
In addition, the Debtor must continue making its regular monthly
payments to the SBA as further adequate protection.
The court noted that while the SBA appears to hold a perfected
first-priority security interest, the Debtor could not determine
the exact nature and priority of other asserted liens because
several UCC filings did not identify the associated lenders.
The Debtor's authority to use cash collateral will terminate upon
the effective date of a confirmed plan or any earlier order of the
court.
A copy of the court's order and the Debtor's budget is available at
https://h1.nu/1uX-j from PacerMonitor.com.
About Touchstone Logistics LLC
Touchstone Logistics, LLC is a transportation and logistics company
based in Cockeysville, Maryland.
Touchstone Logistics filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. D. Md. Case No. 26-16358) on June
13, 2026. In the petition signed by Alan Fabian, chief executive
officer, the Debtor disclosed up to $100,000 in assets and up to
$10 million in liabilities.
Judge Nancy V. Alquist oversees the case.
Geri Lyons Chase, Esq., at Law Office of Geri Lyons Chase,
represents the Debtor as legal counsel.
The Acting U.S. Trustee for Region 4 appointed Stephen Metz of
Offit Kurman, P.A. as Subchapter V trustee for the Debtor.
TUBOS REUNIDOS: Chapter 15 Case Summary
---------------------------------------
Lead Debtor: Tubos Reunidos, S.A.
No. 2, Barrio de Sagarribai
Amurrio (Alava)
Spain
Business Description: Tubos Reunidos Group develops and
manufactures seamless steel tubes and pipes in stainless-steel,
alloy-steel and carbon-steel grades. Founded in 1892 and based in
Bilbao, Spain, the group operates in Spain, Germany and the U.S.
and produces tubing, casing, drill pipes, accessories, pressure
equipment and boiler components, while also performing pipe-
transformation processes including bending and welding. Its
products serve downstream, midstream and upstream energy
applications, as well as the chemical, petrochemical, power-
generation, mechanical, automotive and construction sectors. The
parent company has been listed on the Bilbao and Madrid stock
exchanges for decades.
Chapter 15 Petition Date: July 28, 2026
Court: United States Bankruptcy Court
Southern District of Texas
Eight affiliates that concurrently filed voluntary petitions for
relief under Chapter 15 of the Bankruptcy Code:
Debtor Case No.
------ --------
Tubos Reunidos, S.A. (Lead Case) 26-35383
Tubos Reunidos Group, S.L.U. 26-35385
Tubos Reunidos Premium Threads, S.L.U 26-35386
Aplicaciones Tubulares, S.L.U. 26-35388
Tubos Reunidos Services, S.L.U. 26-35389
Tubos Reunidos Gmbh 26-35391
Tubos Reunidos America, Inc. 26-35392
Rdt, Inc 26-90738
Judge: Hon. Christopher M Lopez
Foreign Representative: PKF Attest Concursal, S.L.P.
Calle Dato, No. 12, 4th Floor, 01005
Vitoria-Gasteiz (Alava)
Spain
Foreign Proceeding: Civil Division of the Court of First
Instance of Vitoria-Gasteiz (296/2026)
Foreign
Representative's
Counsel: Jimmy D. Parrish, Esq.
BAKER & HOSTETLER LLP
SunTrust Center, Suite 2300
Orlando, Florida 32801
Tel: (407) 649-4000
Email: jparrish@bakerlaw.com
Estimated Assets: Unknown
Estimated Debt: Unknown
A full-text copy of the Lead Debtor's Chapter 15 petition is
available for free on PacerMonitor at:
https://www.pacermonitor.com/view/LGWEZWI/Tubos_Reunidos_SA__txsbke-26-35383__0001.0.pdf?mcid=tGE4TAMA
UMZU LLC: Gets OK to Use $4.12M in Cash Collateral Until Nov. 30
----------------------------------------------------------------
UMZU, LLC received interim approval from the U.S. Bankruptcy Court
for the Central District of California to use cash collateral.
The order authorized the Debtor to use up to $4,115,258 in cash
collateral through November 30, solely for expenses outlined in the
approved budget. The Debtor may exceed individual budget line items
by up to 15%, provided it does not incur expenses outside the
approved categories or exceed the overall budget cap.
The order required the Debtor to segregate and retain in its
debtor-in-possession cash collateral account any revenue exceeding
the amounts necessary to fund the approved budget.
As adequate protection, creditors holding valid, perfected liens
will also be granted replacement liens on the Debtor's
post-petition assets, excluding avoidance actions and recoveries.
In addition, the court approved monthly payments of $30,000 to
NewCo Capital Group and $15,000 to American Funding Services
through November 30.
A copy of the court's order is available at
https://shorturl.at/Wyfr5 from PacerMonitor.com.
About UMZU LLC
UMZU, LLC operates an e-commerce supplement business that sells
products primarily through its website and Amazon.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-14886) on May
18, 2026. In the petition signed by Michael Dobson, chief executive
officer, the Debtor disclosed up to $10 million in both assets and
liabilities.
Judge Sheri Bluebond oversees the case.
Matthew D. Resnik, Esq., at RHM Law, LLP, represents the Debtor as
legal counsel.
UNIROYAL HOLDING: Case Summary & List of 30 Largest Law Firms
-------------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
Uniroyal Holding, Inc. (Lead Case) 26-18668
70 Great Hill Road
Naugatuck, CT 06770
Great Hill Corporation 26-18671
Business Description: Uniroyal Holding, Inc. and Great Hill
Corporation hold and manage the assets and liabilities associated
with Uniroyal, Inc.'s legacy, non-operating businesses following
its 1985 reorganization. Their operations include administering
retiree benefits, managing asbestos-related claims and tort
litigation, and overseeing remaining corporate assets and
obligations. The organizations operate with a five-employee team
whose long tenures provide extensive institutional knowledge of
these matters.
Chapter 11 Petition Date: July 31, 2026
Court: United States Bankruptcy Court
District of New Jersey
Judge: Hon. Michael B Kaplan
Debtors' Counsel: Morris S. Bauer, Esq.
Drew S. McGehrin, Esq.
Klara Bradbury, Esq.
DUANE MORRIS LLP
200 Campus Drive, Suite 300
Florham Park, NJ 07932-1007
Tel: (973) 424-2000
E-mail: msbauer@duanemorris.com
dsmcgehrin@duanemorris.com
kbradbury@duanemorris.com
AND
M. Natasha Labovitz, Esq.
Samuel A. Newman, Esq.
Michael C. Godbe, Esq.
DEBEVOISE & PLIMPTON LLP
66 Hudson Boulevard
New York, NY 10001
Tel: (212) 909-6000
E-mail: nlabovitz@debevoise.com
snewman@debevoise.com
mcgodbe@debevoise.com
Uniroyal Holding's
Estimated Assets: $10 million to $50 million
Uniroyal Holding's
Estimated Liabilities: $50 million to $100 million
The petitions were signed by Robert V. D'Angelo, Jr. as president
and general counsel.
A full-text copy of Uniroyal Holding's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/U756C5I/Uniroyal_Holding_Inc__njbke-26-18668__0001.0.pdf?mcid=tGE4TAMA
List of 30 Law Firms Representing PI/WD Claimants
and Are Not Insiders:
Entity Nature of Claim Claim Amount
1. Weitz & Luxenberg Asbestos Litigation Undetermined
700 Broadway (22,754 Cases)
New York, NY 10003
Contact: Adam S. Dreksler, Partner
Tel: (212) 558-5681
Email: clientrelations@weitzlux.com
2. Law Offices of Asbestos Litigation Undetermined
Peter T. Nicholl (5,704 Cases)
1215 East Fort Avenue,
Banner Building
Suite 202
Baltimore, MD 21230
Contact: William Beveridge, Jr., Partner
Tel: (410) 244-7005
Email: nicholllawbmd@gmail.com
3. Howard Reed & Taylor Asbestos Litigation Undetermined
516 North Columbia St. (899 Cases)
Covington, LA 70433-2922
United States
Contact: D. Douglas Howard, Partner
Tel: (504) 581-3610
Email: dhoward@howardandreed.com
4. Law Offices of Asbestos Litigation Undetermined
Paul A. Weykamp (774 Cases)
16 Stenersen Lane #2
Cockeysville, MD 21030
United States
Contact: Paul A. Weykamp, Partner
Tel: (410) 584-0660
Email: pweykamp@weykamplaw.net
5. Lundy LLP Asbestos Litigation Undetermined
501 Broad Street (771 Cases)
Lake Charles, LA 70602
United States
Contact: Matthew E. Lundy, Partner
Tel: (337) 439-0707
Email: lundylaw@lundylaw.com
6. Humphreys, James F. & Assoc. Asbestos Litigation Undetermined
United Center (674 Cases)
Suite 800
Charleston, WV 25301
United States
Contact: James F. Humphreys, Founding Partner
Tel: (304) 347-5050
Email: jhumphreys@jfhumphreys.com
7. Cooney & Conway Asbestos Litigation Undetermined
191 North Wacker Drive, (523 Cases)
15th Fl
Chicago, IL 60606
Contact: Robert J. Cooney, Jr., Attorney
Tel: (312) 236-6166
Email: bcooney@cooneyconway.com
8. Dearie, John C. & Associates Asbestos Litigation Undetermined
3265 Johnson Avenue (498 Cases)
Riverdale, NY 10463
United States
Contact: John C. Dearie
Tel: (212) 980-0404
Email: jcd@dearielaw.com
9. Sutter Law Firm Asbestos Litigation Undetermined
1598 Kanawha Blvd East (331 Cases)
Charleston, WV 25311
United States
Tel: (304) 343-1514
10. Calwell Luce Asbestos Litigation Undetermined
Ditrapano PLLC (277 Cases)
500 Randolph Street
Charleston, WV 25302
United States
Contact: Melissa H. Luce, Attorney
Tel: (304) 343-4323
Email: mluce@cldlaw.com
11. Motley Rice, LLC Asbestos Litigation Undetermined
28 Bridgeside Boulevard (240 Cases)
Mt. Pleasant, SC 29465-1792
United States
Contact: John E. Herrick
Tel: (800) 768-4026
Email: jherrick@motleyrice.com
12. Segal & Amos, PLLC Asbestos Litigation Undetermined
Attn: Scott S. Segal (220 Cases)
810 Kanawha Blvd E
Charleston, WV 25301
United States
Contact: Scott Segal, Partner
Tel: (855) 344-9100
Email: scott.segal@segal-law.com
13. Goldberg Persky & White Asbestos Litigation Undetermined
11 Stanwix Street (213 Cases)
Pittsburgh, PA 15222
United States
Tel: (412) 471-3980
Email: info@gpwlaw.com
14. Bruscato Tramontana & Asbestos Litigation Undetermined
Wolleson (191 Cases)
603 Jackson Street
Monroe, LA 71201
United States
Contact: John Bruscato
Tel: (318) 855-1613
15. Coon, Brent & Associates Asbestos Litigation Undetermined
3550 Fannin (165 Cases)
Beaumont, TX 77701
United States
Contact: Brent W. Coon, Partner
Tel: (409) 222-2222
Email: info@bcoonlaw.com
16. Mazur & Kittel, PLLC Asbestos Litigation Undetermined
30665 Northwestern Highway (145 Cases)
Farmington Hills, MI 48334
United States
Contact: John Kittel, Managing Member
Tel: (800) 990-6380
Email: jkittel@mazur-kittel.com
17. Wilentz Goldman & Spitzer Asbestos Litigation Undetermined
90 Woodbridge Center Drive (123 Cases)
Woodbridge, NJ 07095-0958
United States
Contact: Angelo J. Cifaldi, Shareholder
Tel: (732) 855-6096
Email: acifaldi@wilentz.com
18. SWMW Law, LLC Asbestos Litigation Undetermined
700 Market Street, Suite 1000 (87 Cases)
St. Louis, MO 63101
United States
Contact: Ben Schmickle, Member
Tel: (618) 223-9977
Email: ben.mcintosh@swmwlaw.com
19. Gori Law Firm Asbestos Litigation Undetermined
156 North Main Street (86 Cases)
Edwardsville, IL 62025
United States
Contact: Beth Gori-Gregory,
Principal Partner & Owner
Tel: (618) 753-4754
Email: beth@gorilaw.com
20. Bodie Friddell & Asbestos Litigation Undetermined
Grenzer, P.C. (85 Cases)
1301 York Road
Suite 402
Lutherville, MD 21093
United States
Contact: Louis E. Grenzer, Vice President
Tel: (410) 823-1250
Email: lgrenzer@bodie-law.com
21. Onder Law, LLC Asbestos Litigation Undetermined
110 E. Lockwood Ave. (85 Cases)
Saint Louis, MO 63119
United States
Contact: James G. Onder, Founder and Attorney
Tel: (314) 408-2070
Email: communications@onderlaw.com
22. Gillenwater Nichol & Ames Asbestos Litigation Undetermined
307 Triplett Lane (62 Cases)
Knoxville, TN 37922
United States
23. Irwin Fritchie Asbestos Litigation Undetermined
Urquhart Moore & (51 Cases)
Daniels LLC
400 Poydras Street
Suite 2700
New Orleans, LA 70130
United States
Contact: James B. Irwin, Founding Partner
Tel: (504) 310-2100
Email: info@irwinllc.com
24. LeBlanc & Waddell, LLC Asbestos Litigation Undetermined
201 St. Charles Ave. (47 Cases)
New Orleans, LA 70170
United States
Tel: (225)768-7222
25. Keller, Fishback & Asbestos Litigation Undetermined
Jackson LLP (46 Cases)
62 William Street, 6th Floor
New York, New York 10005
United States
Tel: (646) 536-2719
Email: email@kfjlegal.com
26. Serling & Abramson, P.C. Asbestos Litigation Undetermined
280 N. Old Woodward Avenue (45 Cases)
Birmingham, MI 48009
United States
Contact: Eric B. Abramson, President,
Shareholder and Trial Attorney
Tel: (248) 647-6966
27. Blue Williams, LLP Asbestos Litigation Undetermined
3421 N Causeway Blvd. (43 Cases)
Suite 900
Metairie, LA 70002
United States
Contact: Brian C. Bossier, Managing Partner
Tel: (504) 831-4091
Email: bbossier@bluewilliams.com
28. Martzell Bickford & Asbestos Litigation Undetermined
Centola, APC (36 Cases)
338 Lafayette Street
New Orleans, LA 70130
United States
Contact: Scott R. Bickford, Principal
Tel: (504) 581-9065
Email: info@mbfirm.com
29. Diaz, Glenn E., Asbestos Litigation Undetermined
Attorney at Law (34 Cases)
1101 W. St Bernard Hwy
Chalmette, LA 70043
United States
30. Wallace & Graham, P.A. Asbestos Litigation Undetermined
252 North Main Street (32 Cases)
Salisbury, NC 28144
United States
Contact: Mona Lisa Wallace, Partner
Tel: (704) 633-5244
Email: cs@wallacegraham.com
VALPARAISO UNIVERSITY: Moody's Cuts Issuer & Bonds Ratings to Ba3
-----------------------------------------------------------------
Moody's Ratings has downgraded Valparaiso University, IN's issuer
and revenue bonds to Ba3 from Ba1 and revised the outlook to stable
from negative. Total outstanding debt as of fiscal 2025 was $129.5
million.
The downgrade reflects a material deterioration in expected fiscal
2026 operating performance relative to prior projections and a
slower-than-anticipated path to enrollment stabilization, now
projected for fall 2028. Further, the prolonged path to financial
recovery is expected to necessitate continued use of lines of
credit and supplemental endowment spending to support operations,
increasing pressure on financial flexibility.
RATINGS RATIONALE
The Ba3 issuer rating reflects persistent enrollment and operating
challenges that will likely pressure the university's financial
profile over the next several years. Continued enrollment declines
and a delayed path to management's projected stabilization through
fall 2028 underscore ongoing demand pressures in a highly
competitive student market and unfavorable demographic environment,
a social factor within Moody's ESG framework and a key driver of
the rating action. Governance considerations also weigh on credit
quality and are a key driver, as projected fiscal 2026 results
represent a material miss to the university's prior guidance and
highlight execution risk associated with the university's
multi-year recovery plan. Management's goal of achieving breakeven
operations by 2030 will require sustained progress in enrollment,
retention, donor support and expense management.
Continued operating pressure is expected to drive ongoing reliance
on lines of credit and supplemental endowment draws, reducing
financial flexibility. The supplemental endowment draws combined
with relatively high exposure to illiquid investments leave the
university meaningfully exposed to potential market corrections
over the coming years. Offsetting these challenges are substantial
financial resources andmanageable near term capital needs. While
unproven, management's plans restructure operations and strengthen
enrollment management could restore long-term financial
sustainability.
The Ba3 revenue bond rating is based on the issuer rating and the
general obligation and nature of the pledge.
RATING OUTLOOK
The stable outlook reflects substantial liquidity and financial
resources that provide time and flexibility to execute the
university's recovery plan. The outlook assumes management will
maintain adequate liquidity, despite continued use of lines of
credit and supplemental endowment draws, while working toward
breakeven operations by 2030.
FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS
-- Significant and sustained improvement in operating performance
resulting in low double digit EBIDA margins
-- Notable strengthening of brand and strategic position,
reflected in multi-year positive enrollment trends
-- Material and sustained reduction in supplemental endowment
draws
FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS
-- Larger deficits than anticipated or prolonged runway to
breakeven results
-- Financial covenant violation or reduction in headroom over days
cash on hand or cash and investments to debt covenants
-- Prolonged use of lines of credit to fund operations or
increases in debt
-- Failure to stabilize enrollment translating to continued
pressure on net tuition revenue
PROFILE
Valparaiso University is a moderately sized private university in
northwest Indiana with a Lutheran heritage. The majority of its
students are in the full-time undergraduate program, though the
university also offers part-time undergraduate programs and
graduate programs. The university traces its beginnings to 1859,
but was rechartered and renamed to its current name in 1907.
METHODOLOGY
The principal methodology used in these ratings was Higher
Education published in July 2024.
VARSOBIA HOSPITALITY: Brian Shapiro Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Region 17 appointed Brian Shapiro as
Subchapter V trustee for Varsobia Hospitality, LLC.
Mr. Shapiro will be paid an hourly fee of $650 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Shapiro declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Brian Shapiro
510 S. 8th Street
Las Vegas, NV 89101
Phone: (702) 386-8600
Email: brian@trusteeshapiro.com
About Varsobia Hospitality LLC
Varsobia Hospitality, LLC is a real estate company that owns and
leases a property in Las Vegas, Nevada.
Varsobia Hospitality filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-14651) on July
24, 2026, with $1 million to $10 million in both assets and
liabilities.
Matthew I. Knepper, Esq., represents the Debtor as legal counsel.
VARSOBIA HOSPITALITY: Employs Nevada Bankruptcy as Counsel
----------------------------------------------------------
Varsobia Hospitality LLC seeks approval from the U.S. Bankruptcy
Court for the District of Nevada to hire Nevada Bankruptcy
Attorneys, LLC to serve as legal counsel.
The firm will provide these services:
(a) prepare, review, revise, and file the Debtor's schedules,
statement of financial affairs, amendments, financial disclosures,
operating reports, and other required documents;
(b) advise the Debtor regarding its powers, rights, obligations,
and fiduciary duties as debtor in possession;
(c) advise regarding operation of the Debtor's business and
management of its real property and other assets;
(d) address cash-collateral, adequate-protection, stay-relief,
claim, lease, sale, and related issues;
(e) prepare and prosecute applications, motions, responses,
reports, and other papers;
(f) appear at the initial debtor interview, meeting of creditors,
examinations, depositions, hearings, and other proceedings;
(g) negotiate with creditors and other parties in interest;
(h) formulate, file, and seek confirmation of a feasible Subchapter
V plan; and
(i) perform all other services necessary or advisable for
successful administration and completion of the case.
Matthew I. Knepper's hourly rate is $495, senior associates' hourly
rate is $375, senior paralegals' hourly rate is $185, and legal
assistants' hourly rate is $95. The Agreement also provides for
reimbursement of reasonable and necessary expenses.
Nevada Bankruptcy Attorneys, LLC states that it is disinterested
and does not hold or represent an interest adverse to the estate.
NBA reviewed the Debtor's presently known creditors, mortgage
servicers, foreclosure trustees, insiders, professionals,
governmental parties, the Subchapter V trustee, the Office of the
United States Trustee, and other parties in interest and conducted
a conflict inquiry based on the information presently available.
The firm can be reached at:
Matthew I. Knepper, Esq.
NEVADA BANKRUPTCY ATTORNEYS, LLC
5940 S Rainbow Blvd., Suite 400 PMB 99721
Las Vegas, NV 89118
Telephone: (702) 805-1659
E-mail: mknepper@nvbankruptcyattorneys.com
About Varsobia Hospitality LLC
Varsobia Hospitality LLC is a real estate company that owns and
leases a property in Las Vegas, Nevada.
Varsobia Hospitality LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 26-14651-nmc) on July 24,
2026. The petition was signed by Angelo Varsobia as managing
member.
At the time of the filing, Debtor had estimated assets of between
$1,000,001 to $10 million and liabilities of between $1,000,001 to
$10 million.
Matthew Knepper, Esq. at NEVADA BANKRUPTCY ATTORNEYS, LLC is
Debtor's legal counsel.
VERATICS INC: Gets Interim OK to Use Cash Collateral Until Sept. 15
-------------------------------------------------------------------
Veratics, Inc. received fourth interim approval from the U.S.
Bankruptcy Court for the Middle District of Florida to use cash
collateral through September 15.
The court authorized the Debtor to use cash in accordance with an
approved budget, allowing up to a 10% variance both on individual
budget line items and total expenses. Professional fees included in
the budget may be reserved but cannot be paid without separate
court approval. The authorization is intended to support ongoing
operations while the bankruptcy case proceeds.
As adequate protection, the U.S. Small Business Administration was
granted a valid and perfected post-petition lien and security
interest in post-petition cash collateral to the same extent and
priority as any valid pre-petition liens.
The court emphasized that it made no determination regarding
whether the funds constitute cash collateral or regarding the
validity, extent, or priority of any liens asserted by the SBA or
other creditors, preserving all parties' rights to challenge those
issues later.
The order required Veratics to comply with all debtor-in-possession
obligations, maintain required insurance coverage, and serve the
order on all parties entitled to notice.
The court scheduled a further hearing for September 15.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/9i7Ly from PacerMonitor.com.
About Veratics Inc.
Veratics, Inc. is an ecommerce company engaged in the sale and
distribution of office and industrial supplies.
Veratics filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02546) on April 10,
2026, with $500,001 to $1 million in assets and $1 million to $10
million in liabilities. Aaron Cohen, Esq., a practicing attorney in
Jacksonville, Fla., serves as Subchapter V trustee for the Debtor.
Judge Grace E. Robson oversees the case.
Aaron A. Wernick, Esq., at Wernick Law, PLLC represents the Debtor
as bankruptcy counsel.
VERSACE DOMINICAN: Seeks to Hire Keller Williams as Broker
----------------------------------------------------------
Versace Dominican Restaurant 1 Y Mas Inc. seeks approval from the
U.S. Bankruptcy Court for the Northern District of Georgia to
employ Keller Williams Realty Consultants as broker.
The firm will assist in the sale of substantially all of the
Debtor's business assets located at 510 Pleasant Hill Road,
Lilburn, Georgia 30047.
The firm will be paid a commission of 3 percent of the final
purchase price of the assets.
As disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached at:
Anna Y. Rodriguez
Keller Williams Realty Consultants
695 Mansell Road, Suite 120
Roswell, GA 30076
Tel: (678) 287-4800
About Versace Dominican Restaurant 1 Y Mas Inc.
Versace Dominican Restaurant 1 y Mas, Inc. operates a restaurant.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64759) on December 18,
2025. In the petition signed by Leonor Romero, chief executive
officer, the Debtor disclosed up to $500,000 in assets and up to
$10 million in liabilities.
Judge Barbara Ellis-Monro oversees the case.
Benjamin Keck, Esq., at Keck Legal, LLC, represents the Debtor as
bankruptcy counsel.
VIOLET'S PUPPIES: Gets OK to Use Cash Collateral Until Oct. 31
--------------------------------------------------------------
Violet's Puppies, LLC received another extension from the U.S.
Bankruptcy Court for the Southern District of Florida to use cash
collateral.
Under the court order, the Debtor is authorized to use cash
collateral only in accordance with the latest budget or in other
amounts authorized by the court or approved in writing by a
lender.
The Debtor estimates its total asset value at approximately
$500,000, against two secured claims: primary lienholder First
Internet Bank of Indiana, which holds a duly recorded
first-priority lien on substantially all assets securing a claim of
not less than $2,500,000, and Canines and Pooches, Inc., which
holds a second-priority lien securing a claim of approximately
$350,000. Because the total asset value is less than the bank's
senior claim, Canines and Pooches' claim is entirely undersecured.
Pursuant to the order, any lender holding a valid, perfected, and
enforceable pre-petition lien will be granted continuing liens on
the same collateral that secured its pre-petition claim, as well as
replacement liens on certain post-petition assets to the extent
necessary to protect against any diminution in collateral value.
These liens are automatically perfected without additional filings
but do not attach to avoidance actions or related Chapter 5
claims.
Additional safeguards include insurance coverage and regular
financial reporting.
The order provides for carveouts that take priority over lender
protections, including unpaid court fees, approved fees and
expenses of Debtor's counsel, and fees and costs incurred by the
Subchapter V trustee.
The Debtor's authority to use cash collateral continues through
October 31, unless terminated earlier by court order or an event of
default.
Default events include material noncompliance with the order,
unauthorized post-petition liens, appointment of a trustee other
than the existing Subchapter V trustee, or conversion of the case
to Chapter 7. Upon default, lenders may seek expedited relief from
the automatic stay after 72 hours' notice, although the Debtor
retains the right to oppose such relief and seek continued
authorization to use cash collateral.
A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/qNgHa from PacerMonitor.com.
About Violet's Puppies
LLC
Violet's Puppies, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16067) on May
11, 2026. In the petition signed by Stefani Victor, authorized
member, the Debtor disclosed up to $10 million in both assets and
liabilities.
Aleida Martinez Molina, Esq., serves as Subchapter V trustee for
the Debtor.
Michael D. Seese, Esq., at Seese, P.A., represents the Debtor as
legal counsel.
WATER OAKS: Wins Final OK to Use Cash Collateral Until Oct. 31
--------------------------------------------------------------
Water Oaks Apartments, LLC received final approval from the U.S.
Bankruptcy Court for the Middle District of North Carolina,
Winston-Salem Division, to use cash collateral through October 31.
The court authorized the Debtor to use cash collateral only in
accordance with an approved budget. For the initial budget period
covering August 1 through August 28, 2026, expenditures are
permitted with up to a 15% cumulative variance, excluding
professional-fee line items, which must remain within budget unless
otherwise approved.
The court recognizes the lender's secured financing that originated
with Pinnacle Bank and was later assigned to U.S. Bank Trust
Company, National Association, as trustee. The loan originally
totaled $1.674 million with a fixed 3.66% interest rate. The lender
asserted that approximately $2.602 million was outstanding as of
the petition date, while the Debtor stipulated to a secured claim
of at least $1.958 million, subject to reserving rights regarding
any additional amounts claimed.
As adequate protection, the lender will receive replacement liens
on post-petition accounts receivable and related collateral, along
with a potential superpriority administrative expense claim under
Section 507(b) if the protection proves insufficient. The court
also required the Debtor to remain current on all post-petition
taxes and continue complying with the underlying loan documents
except as modified by the order.
The Debtor must provide extensive financial reporting, including
weekly cash-flow reports, monthly 13-week cash-flow forecasts, and
monthly financial statements. The lender is also entitled to
inspect the Debtor's books and records and receive information
concerning any proposed asset sale, debtor-in-possession financing,
or Chapter 11 plan.
The final order further includes a fee carveout, waivers of
surcharge and marshalling rights, and detailed termination
provisions. If defaults occur or remain uncured, the Debtor's
authority to use cash collateral will terminate, allowing the
lender to seek enforcement of its rights subject to further court
authorization where required.
A copy of the court's order is available at
https://shorturl.at/WW5EE from PacerMonitor.com.
About Water Oaks Apartments LLC
Water Oaks Apartments LLC operates a 50-unit multifamily apartment
complex in Winston-Salem, North Carolina.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. N.C. Case No. 26-50308) on April 22,
2026. In the petition signed by Srinivas Potluri, managing member,
the Debtor disclosed up to $10 million in both assets and
liabilities.
William Kroll, Esq., at Gaskins Hancock Tuttle Hash LLC, represents
the Debtor as legal counsel.
WELLMADE FLOOR: Files Amendment to Disclosure Stttement
-------------------------------------------------------
Wellmade Floor Coverings International, Inc., ("WFCI") and Wellmade
Industries MFR NA LLC ("WMFR") submitted an Amended Disclosure
Statement for Chapter 11 Plan dated July 22, 2026.
The Debtors were founded in 2001 and initially focused on bamboo
flooring before expanding into the design, production, and
distribution of hard surface flooring products.
The Debtors' operations were overseen by co-founder Allen Chen,
while co-founder George Chen resigned before the bankruptcy filing.
On June 3, 2025, David Baker was appointed Chief Restructuring
Officer with authority to manage the restructuring process,
including filing Chapter 11 cases, determining a restructuring or
sale strategy, and selling the Debtors' assets.
After the Bankruptcy Court approved bidding procedures, the Debtors
negotiated a private sale of their assets with AHF IC, the stalking
horse bidder. As a result, the planned auction was cancelled, and
the Debtors stopped soliciting competing bids. The Court approved
the private sale on October 8, 2025, and the transaction closed on
November 7, 2025.
The sale satisfied the secured claims of both AHF IC and the DIP
lender. The remaining sale proceeds, totaling approximately $29.2
million, are designated to pay remaining claims and interests under
the Plan. Certain assets that were not included in the sale,
including inventory and ownership interests in non-debtor
affiliates with a book value of approximately $500,000, will be
liquidated or otherwise administered under the Plan.
Following the sale, the Debtors and AHF IC entered into an escrow
agreement under which $1,386,522 of the purchase price was placed
into escrow because of alleged product quality claims. Those claims
remain unresolved, and the escrow funds continue to be held by the
escrow agent.
Treatment of General Unsecured Claims (Class 4)
* Holders of allowed claims will receive 100% payment in cash,
including interest from the petition date through payment at the
lower of the Federal Judgment Rate or the applicable contract
rate.
* Class 4 is classified as unimpaired, meaning holders are deemed
to have accepted the Plan and are not entitled to vote.
* Total allowed general unsecured claims are approximately $13.6
million.
On the Effective Date, a Plan Administrator will assume the powers
previously held by the Debtors' officers, directors, and
shareholders. The Plan Administrator will manage and liquidate any
remaining assets in accordance with the Plan and may dissolve the
Debtors after consulting with the equity holders. The equity
holders may instead decide to continue operating the Debtors'
remaining businesses and those of their non-debtor affiliates.
Except as otherwise provided in the Plan, all assets will vest in
the Debtors free and clear of liens and claims, and the Debtors may
use, sell, or settle assets and claims without further Bankruptcy
Court approval.
The Plan is a liquidating Chapter 11 plan. The Debtors state that
an orderly liquidation under Chapter 11 is expected to produce
greater recoveries for creditors than a Chapter 7 liquidation. As
of the disclosure statement, the Debtors held approximately $29.2
million in cash and estimated remaining inventory with a book value
of $500,000. With estimated total claims of approximately $19.6
million, the Debtors believe that an orderly liquidation should
allow all creditors to be paid in full, with a likely remaining
distribution to equity holders.
A full-text copy of the Amended Disclosure Statement dated July 22,
2026 is available at https://urlcurt.com/u?l=2ezSgO from Kurtzman
Carson Consultants, LLC d/b/a Verita Global, claims agent.
Counsel to the Debtors:
John D. Elrod, Esq.
Allison J. McGregor,
Greenberg Traurig, LLP
3333 Piedmont Road NE, Suite 2500
Atlanta, GA 30305
Telephone: 678-553-2259
Facsimile: 678-553-2269
Email: elrodj@gtlaw.com
About Wellmade Floor Coverings
Wellmade Floor Coverings International Inc. is a manufacturer and
distributor of hard-surface flooring products, including bamboo,
hardwood, and vinyl. The privately owned company is based in the
United States, with a manufacturing facility in Cartersville,
Georgia, and sales offices and a warehouse in Portland, Oregon. A
non-debtor affiliate operates in China.
The company and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Ga. Lead Case No. 25-58764)
on August 4, 2025. In the petition, it reports estimated assets
between $500 million and $100 million and $50 million.
Honorable Bankruptcy Judge Sage M. Sigler handles the cases.
The Debtors are represented by Greenberg Traurig, LLP. Kurtzman
Carson Consultants, LLC d/b/a Verita Global is the Debtors' claims,
noticing, solicitation and administrative agent.
WILFREDO EMANUEL: Seeks to Hire Dal Lago Law as Counsel
-------------------------------------------------------
Wilfredo Emanuel Designs Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Dal
Lago Law as counsel.
The firm's services include:
(a) advising as to the Debtor's rights and duties in the
case;
(b) preparing pleadings related to the case, including
developing a plan of reorganization; and
(c) taking any and all other necessary actions incident to the
proper preservation and administration of the estate.
The firm's hourly rates are:
Attorneys:
Michael R. Dal Lago, Esq. $485
Christian Garrett Haman, Esq. $410
Jennifer M. Duffy, Esq. $380
Paraprofessionals:
Kim Christian $240
Fatema Bravo $210
Frances Vazquez $210
Alexia Blakley $200
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Prior to the commencement of the bankruptcy case, the firm received
an advanced fee in the amount of $28,738.
Michael R. Dal Lago, Esq., a member of Dal Lago Law, assured the
court that the firm does not represent or hold any interest adverse
to the Debtor or to the estate.
The firm can be reached through:
Michael R. Dal Lago, Esq.,
Dal Lago Law
999 Vanderbilt Beach Rd Ste 200
Naples, FL 34108-3512
Phone: (239) 571-6877
Email: mike@dallagolaw.com
About Wilfredo Emanuel Designs Inc.
Wilfredo Emanuel Designs, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case
26-01183) on May 15, 2026, with up to $50,000 in assets and
$500,001 to $1 million in liabilities.
Judge Luis Ernesto Rivera II presides over the case.
Michael R. Dal Lago, Esq., represents the Debtor as legal counsel.
WINDSOR HOSPITALITY: Hires Keen-Summit as Real Estate Consultant
----------------------------------------------------------------
Windsor Hospitality Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to employ
Keen-Summit Capital Partners LLC as real estate consultant and
advisor.
The firm will market and sell the Debtor's hotel located at 8755
Old Redwood Highway Windsor, CA 95492.
When a sale of the Property is closed, whether completed
individually, as part of a package, or as part of a plan of
reorganization, the Broker shall earn a Transaction Fee equal to
3.75 percent of the first $10,000,000 of Gross Proceeds from the
Transaction, plus two and 2.75 percent of Gross Proceeds from the
Transaction in excess of ten million dollars (the "Transaction
Fee"), plus reimbursement of reasonable, actual, and documented
out-of-pocket expenses allowed by the Bankruptcy Court.
Mr. Bordwin 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 firms can be reached through:
Harold Bordwin
Keen-Summit Capital Partners LLC
15th Floor, 3 Columbus Circle
New York, NY 10019
Telephone: (914) 980-8555
Email: hbordwin@Keen-Summit.com
About Windsor Hospitality Group, LLC
Windsor Hospitality, LLC filed its voluntary petition for Chapter
11 protection (Bankr. D. Conn. Case No. 11-32579) on October 11,
2011, listing $0 to $50,000 in assets and $1,000,001 to $10,000,000
in liabilities. Smitcsh Patel, member signed the petition.
Judge Lorraine Murphy Weil oversees the case.
Peter L. Ressler, Esq. of Groob Ressler & Mulqueen serve as the
Debtor's legal counsel.
WISCONSIN & MILWAUKEE: Retains Allen & Associates as Appraiser
--------------------------------------------------------------
Wisconsin & Milwaukee Hotel LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Wisconsin to expand
the scope of employment of Allen & Associates to continue serving
as appraiser in connection with the Debtor's Property Tax Appeal.
The firm will provide these services:
(a) conduct a site visit of the Hotel for observations;
(b) determine the market value of the Hotel; and
(c) deliver an electronic appraisal report providing the value
of the Hotel as of January 1, 2024.
Allen & Associates will receive a total fee of $7,000, with a
$3,500 retainer payable before services are rendered, subject to
Court approval, and the remaining $3,500 payable upon completion of
the Final Appraisal Report and approval by the Court.
Allen & Associates is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code and does not hold or
represent any interest adverse to Wisconsin & Milwaukee Hotel LLC
or its creditors, according to court filings.
The firm can be reached at:
Laurence G. Allen
ALLEN & ASSOCIATES
500 Stephenson Highway, Suite 340
Troy, MI 48083
Telephone: (248) 433-9630
Facsimile: (248) 433-1314
Website: www.allenappraisal.com
About Wisconsin & Milwaukee Hotel
Wisconsin & Milwaukee Hotel LLC is a Wisconsin limited liability
company with its principal place of business in Milwaukee,
Wisconsin.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Wisc. Case No. 24-21743) on April 9, 2024. In the
petition signed by Mark Flaherty, as manager, the Debtor disclosed
up to $50 million in both assets and liabilities.
Judge G. Michael Halfenger oversees the case.
Michael P. Richman, at RICHMAN & RICHMAN LLC, is the Debtor's legal
counsel.
WORMLEY ROOFING: Hearing Today on Bid to Use Cash Collateral
------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, is set to hold a hearing today to consider
extending Wormley Roofing, Inc.'s authority to use cash
collateral.
The Debtor's authority to use cash collateral under the court's
July 24 preliminary order expires today.
The preliminary order authorized the Debtor to use cash collateral
to pay court-approved expenses, including U.S. Trustee quarterly
fees, and to fund operating expenses outlined in the budget, which
shows total monthly operational expenses of $22,057.
The order granted Corporation Service Company, as representative,
and other secured creditors adequate protection through a perfected
post-petition replacement lien on the Debtor's cash collateral,
with the same validity, priority, and extent as their pre-petition
liens. Additional safeguards include insurance coverage.
About Wormley Roofing Inc.
Wormley Roofing, Inc. is an Apopka, Florida-based roofing
contractor specializing in residential and commercial roofing
installation, repair, and maintenance services. As of June 2026,
the company maintained active Florida profit corporation status,
held a certified roofing contractor license, and was recruiting
roofing repair technicians in the Orlando area. Its active project
portfolio carried an estimated aggregate value of approximately
$912,337.
Wormley Roofing filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04890) on June
30, 2026. In its petition, the Debtor reported assets of up to
$50,000 and liabilities of between $100,000 and $500,000.
The Debtor is represented by Jeffrey Ainsworth, Esq., at Bransonlaw
PLLC.
YNEZ SHOPS: Plan Exclusivity Period Extended to Sept. 29
--------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California extended Ynez Shops, LLC and Pro
Temecula Town Center, LLC's exclusive periods to file a plan of
reorganization and obtain acceptance thereof to Sept. 29 and Nov.
30, 2026, respectively.
As shared by Troubled Company Reporter, the Pro Temecula owns four
of the parcels and Ynez owns the others. Nano Banc, the Debtors'
secured lender, obtained an appraisal of the portion of the
Property owned by Ynez in December 2024 that appraised it in as-is
condition at $37,460,000. Ynez owes Nano Banc approximately
$23,528,000.
The appraisal of the portion owned by Pro Temecula valued its
portion at $54,400,000. Pro Temecula owes Nano Banc approximately
$34,194,705. The filings were precipitated by a foreclosure sale
scheduled by Nano Banc. The Debtors intend to sell the Property and
will be filing an application to employ a real estate broker
shortly.
The Debtors claim that they do not currently have accurate
financial information that will support feasibility, although the
plans will not be complicated given that they will be funded in
substantial part through a sale of the Property. The Debtors are
going to need to continue to operate pending the sale and it is
presently unclear whether the Debtors, particularly Ynez, has
sufficient cash flow without a source of financing to get through a
sale of the Property.
The Debtors explain that they are under new management so lacks
historical knowledge of the Debtors' financial conditions and the
historical financials may not have been entirely accurate in any
event, particularly since the Property appears to have been poorly
managed and it is unclear how rents were used. To allow the Debtors
sufficient time to gauge their financial performance and prepare
accurate projections to guide these cases forward, the Debtors
require additional time to formulate their disclosure statements
and plans.
Counsel for the Debtors:
Kyra E. Andrassy, Esq.
Robert S. Marticello, Esq.
Stephen M. Mott, Esq.
Raines Feldman Littrell LLP
4675 MacArthur Court, Suite 1550
Newport Beach, CA 92660
Telephone: (310) 440-4100
Facsimile: (310) 691-1943
Email: kandrassy@raineslaw.com
About Ynez Shops LLC
Ynez Shops, LLC, classified as a single-asset real estate company,
owns property located at 29640 Rancho California Road in Temecula,
California, and its operations are focused on managing this real
estate asset.
Ynez Shops filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
26-10693) on March 3, 2026, with between $10 million and $50
million in both assets and liabilities. Judge Scott C. Clarkson
oversees the case. The Debtor is represented by William J. Wall,
Esq. at Wall Law Office.
ZD SAND: Trustee Hires Jones Murray as Special Purpose Counsel
--------------------------------------------------------------
Janeth S. Northup, the Chapter 11 Trustee of ZD Sand LLC seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Jones Murray LLP as special purpose counsel.
The Debtor needs the firm's legal assistance in connection with
these specific matters:
a. contested matters concerning the use of cash collateral and
the validity, priority, extent, perfection, attachment, and
avoidability of the liens and security interest asserted by
Persimmon BridgeCo, LLC, including the pending motion at DE 34, any
interim or final orders entered on it, and any contested matters
related to the amount and validity of the underlying claim,
including any claim to interest, costs, and attorney's fees and
costs;
b. investigation and prosecution, in association with the
Trustee's general counsel of estate claims and causes of action
concerning the attachment, perfection, and avoidability of asserted
liens on the Debtor's aggregate inventory and the proceeds thereof,
including claims arising under Chapter 5 of the bankruptcy code;
c. any motions to assume the Debtor's contracts with Kiewit
Infrastructure South Co. as it relates to issues raised;
d. any motions for authority to finance the purchase of critical
equipment and related relief as it relates to issues raised;
e. negotiation and structuring of financing alternatives for the
Debtor, including post-petition financing and plan exit financing,
as the Trustee may direct; and
f. discrete matters arising out of or directly related to the
foregoing as to which the firm's knowledge of the existing record
is of particular value of the estate, as the Trustee may request,
in each case in coordination with the Trustee's general counsel.
The firm will be paid at the rate of $850 per hour.
The firm continues to hold $65,592 in its IOLTA account, the
balance of the retainer it received from the Debtor before the
Petition Date.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
The Trustee requested the Bankruptcy Court to formally terminate
the firm's employment as counsel for the Debtor under the Prior
Retention Order, effective as of the Qualification Date, and deem
the firm withdrawn as counsel of record for the Debtor as of that
date.
Mr. Jones 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:
Erin E. Jones, Esq.
Jones Murray LLP
602 Sawyer, Suite 400
Houston, TX 77007
Tel: (713) 515-4806
Email: erin@jonesmurray.com
About ZD Sand LLC
ZD Sand LLC, doing business as ZD Sand & Rock LLC, provides sand,
rock, and aggregate materials from its headquarters in Voca, Texas,
including concrete and masonry sand, boulders, topsoil, and various
gravels and palleted rocks. The company serves contractors,
suppliers, and regional buyers, offering delivery services to
support construction and landscaping projects.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32398) on April 6,
2026. In the petition signed by Thomas A. Dickinson, manager and
representative of the Debtor, the Debtor disclosed up to $100
million in assets and up to $10 million in liabilities.
Judge Jeffrey P. Norman oversees the case.
Erin Jones, Esq., at Jones Murray, LLP, represents the Debtor as
legal counsel.
[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Ground West Franklin, LLC
Bankr. M.D. Tenn. Case No. 26-02343
Chapter 11 Petition filed May 15, 2026
See
https://www.pacermonitor.com/view/CEX7XPA/GROUND_WEST_FRANKLIN_LLC__tnmbke-26-02343__0001.0.pdf?mcid=tGE4TAMA
represented by: Jay R. Lefkovitz, Esq.
LEFKOVITZ & LEFKOVITZ, PLLC
E-mail: jlefkovitz@lefkovitz.com
In re Seascape Aquarium, Inc.
Bankr. M.D. Fla. Case No. 26-04884
Chapter 11 Petition filed June 7, 2026
See
https://www.pacermonitor.com/view/S44P67A/Seascape_Aquarium_Inc__flmbke-26-04884__0001.0.pdf?mcid=tGE4TAMA
represented by: Thomas Zeichman, Esq.
ZEICHMAN LAW
E-mail: tom@zeichmanlaw.com
In re Top Quality Lawn And Grounds Service LLC
Bankr. D. Ariz. Case No. 26-05794
Chapter 11 Petition filed June 11, 2026
represented by: ENGELMAN BERGER, P.C.
In re Four Fingers LLC
Bankr. D. Ariz. Case No. 26-05905
Chapter 11 Petition filed June 15, 2026
In re West Atlanta LLC
Bankr. N.D. Ga. Case No. 26-58685
Chapter 11 Petition filed July 6, 2026
In re River Oregon Partners, LLC
Bankr. D. Ariz. Case No. 26-06704
Chapter 11 Petition filed July 9, 2026
In re Berryman House Inc.
Bankr. S.D. Tex. Case No. 26-35004
Chapter 11 Petition filed July 9, 2026
See
https://www.pacermonitor.com/view/UXL3LTQ/Berryman_House_Inc__txsbke-26-35004__0003.0.pdf?mcid=tGE4TAMA
In re World Food, LLC
Bankr. M.D. Fla. Case No. 26-05260
Chapter 11 Petition filed July 13, 2026
See
https://www.pacermonitor.com/view/HR2UEPI/World_Food_LLC__flmbke-26-05260__0001.0.pdf?mcid=tGE4TAMA
represented by: David Steen, Esq.
DAVID W. STEEN, P.A.
E-mail: lwilliams@dsteenpa.com
In re One Source Properties LLC
Bankr. D.N.J. Case No. 26-17984
Chapter 11 Petition filed July 13, 2026
See
https://www.pacermonitor.com/view/EVZFAVY/One_Source_Properties_LLC__njbke-26-17984__0001.0.pdf?mcid=tGE4TAMA
represented by: Robert Wachtel, Esq.
LAW OFFICES OF ROBERT WACHTEL
E-mail: robertwachtel54@gmail.com
In re All Things Pretty & Positive, LLC
Bankr. E.D.N.Y. Case No. 26-43389
Chapter 11 Petition filed July 13, 2026
See
https://www.pacermonitor.com/view/DI3TWBI/All_Things_Pretty__Positive_LLC__nyebke-26-43389__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re Performance Service and Repair, LLC
Bankr. S.D. Ind. Case No. 26-90782
Chapter 11 Petition filed July 14, 2026
See
https://www.pacermonitor.com/view/N3IRFKY/Performance_Service_and_Repair__insbke-26-90782__0001.0.pdf?mcid=tGE4TAMA
represented by: KC Cohen, Esq.
KC COHEN, LAWYER, PC
E-mail: kc@esoft-legal.com
In re Legal and Administrative Services, LLC
Bankr. S.D. Fla. Case No. 26-19376
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/7HRFK6A/Legal_and_Administrative_Services__flsbke-26-19376__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re Vital You Functional Medicine, LLC
Bankr. D. Md. Case No. 26-17733
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/4A5C65Y/Vital_You_Functional_Medicine__mdbke-26-17733__0001.0.pdf?mcid=tGE4TAMA
represented by: Janet M. Nesse, Esq.
MCNAMEE HOSEA, P.A.
E-mail: jnesse@mhlawyers.com
In re BOS Properties, LLC
Bankr. S.D. Miss. Case No. 26-51156
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/6H5W6CI/BOS_Properties_LLC__mssbke-26-51156__0001.0.pdf?mcid=tGE4TAMA
represented by: Nicholas Grillo, Esq.
GRILLO LAW FIRM
E-mail: grillolawms@gmail.com
In re 28 Van Buren Ave LLC
Bankr. E.D.N.Y. Case No. 26-72823
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/4XFNNIY/28_Van_Buren_Ave_LLC__nyebke-26-72823__0001.0.pdf?mcid=tGE4TAMA
represented by: Raymond W. Verdi, Jr., Esq.
LAW OFFICE OF RAYMOND W. VERDI, JR.
E-mail: rwvlaw@yahoo.com
In re Remarkably Made Enterprises Inc.
Bankr. W.D.N.C. Case No. 26-10168
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/PZM2ZGQ/Remarkably_Made_Enterprises_Inc__ncwbke-26-10168__0001.0.pdf?mcid=tGE4TAMA
represented by: Richard S. Wright, Esq.
MOON WRIGHT & HOUSTON, PLLC
E-mail: rwright@mwhattorneys.com
In re Cognitive Organics, LLC
Bankr. N.D. Ohio Case No. 26-61053
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/3E7YZQA/Cognitive_Organics_LLC__ohnbke-26-61053__0001.0.pdf?mcid=tGE4TAMA
represented by: Steven J. Heimberger, Esq.
RODERICK LINTON BELFANCE LLP
E-mail: sheimberger@rlbllp.com
In re Aluglass LLC
Bankr. D.P.R. Case No. 26-03312
Chapter 11 Petition filed July 17, 2026
See
https://www.pacermonitor.com/view/3C7DQNI/ALUGLASS_LLC__prbke-26-03312__0001.0.pdf?mcid=tGE4TAMA
represented by: Alexandra Bigas Valedon, Esq.
MODESTO BIGAS LAW OFFICE
E-mail: alexandra.bigas@gmail.com
In re 36 Handles Public House
Bankr. E.D. Cal. Case No. 26-24121
Chapter 11 Petition filed July 20, 2026
See
https://www.pacermonitor.com/view/3A4DMVA/36_Handles_Public_House__caebke-26-24121__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re Atherton Associates, Inc.
Bankr. N.D. Cal. Case No. 26-30633
Chapter 11 Petition filed July 20, 2026
See
https://www.pacermonitor.com/view/YPD6DFQ/Atherton_Associates_Inc__canbke-26-30633__0001.0.pdf?mcid=tGE4TAMA
represented by: Matthew D. Metzger, Esq.
BELVEDERE LEGAL, P.C.
E-mail: info@belvederelegal.com
In re 13 Stones, LLC
Bankr. D.N.J. Case No. 26-18254
Chapter 11 Petition filed July 20, 2026
See
https://www.pacermonitor.com/view/RW2DYOQ/13_Stones_LLC__njbke-26-18254__0001.0.pdf?mcid=tGE4TAMA
represented by: John O'Boyle, Esq.
NORGAARD OBOYLE HANNON
E-mail: joboyle@norgaardfirm.com
In re Royal Express Delivery Inc
Bankr. C.D. Cal. Case No. 26-11559
Chapter 11 Petition filed July 21, 2026
See
https://www.pacermonitor.com/view/KAPBEBQ/Royal_Express_Delivery_Inc__cacbke-26-11559__0001.0.pdf?mcid=tGE4TAMA
represented by: Michael Kwasigroch, Esq.
LAW OFFICES OF MICHAEL D. KWASIGROCH
E-mail: attorneyforlife@aol.com
In re Rambo Transport Inc.
Bankr. E.D. Cal. Case No. 26-13378
Chapter 11 Petition filed July 21, 2026
See
https://www.pacermonitor.com/view/5LSQIFA/Rambo_Transport_Inc__caebke-26-13378__0001.0.pdf?mcid=tGE4TAMA
represented by: Thomas B. Ure, Esq.
URE LAW FIRM
E-mail: tom@urelawfirm.com
In re John Lloyd Meyer
Bankr. N.D. Cal. Case No. 26-10549
Chapter 11 Petition filed July 21, 2026
represented by: Michael Fallon, Esq.
In re Arden Ventures LLC
Bankr. D. Conn. Case No. 26-50527
Chapter 11 Petition filed July 21, 2026
See
https://www.pacermonitor.com/view/NHQ2ASI/ARDEN_VENTURES_LLC__ctbke-26-50527__0001.0.pdf?mcid=tGE4TAMA
represented by: Daniel DiBartolomeo, Esq.
DIBARTOLOMEO LAW
E-mail: dan@dblflaw.com
In re 219 Underwood Street NW, LLC
Bankr. D.C. Case No. 26-00363
Chapter 11 Petition filed July 21, 2026
See
https://www.pacermonitor.com/view/HBQRRPA/219_Underwood_Street_NW_LLC__dcbke-26-00363__0001.0.pdf?mcid=tGE4TAMA
represented by: Kasey L. Edwards, Esq.
GILMAN & EDWARDS, LLC
E-mail: kedwards@gilmanedwards.com
In re Mulberrys Mobile Provider Services, LLC
Bankr. N.D. Fla. Case No. 26-10213
Chapter 11 Petition filed July 21, 2026
See
https://www.pacermonitor.com/view/NQLBM7Q/Mulberrys_Mobile_Provider_Services__flnbke-26-10213__0001.0.pdf?mcid=tGE4TAMA
represented by: Justin M. Luna, Esq.
LATHAM LUNA EDEN & BEAUDINE LLP
E-mail: jluna@lathamluna.com
In re Candice Medina Skinner
Bankr. W.D. La. Case No. 26-80506
Chapter 11 Petition filed July 21, 2026
represented by: Conner Dillon, Esq.
In re Trevor Emerson and Courtney Emerson
Bankr. M.D. Tenn. Case No. 26-03445
Chapter 11 Petition filed July 21, 2026
represented by: R. Payne, Esq.
DUNHAM HINDEBRAND PAYNE WALDRON, PLLC
In re LMK Construction Inc.
Bankr. N.D. Fla. Case No. 26-50149
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/NG3ZSQY/LMK_Construction_Inc__flnbke-26-50149__0001.0.pdf?mcid=tGE4TAMA
represented by: Robert C. Bruner, Esq.
BRUNER WRIGHT, P.A.
E-mail: rbruner@brunerwright.com
In re BlackRock Realty Group, LLC
Bankr. D. Mass. Case No. 26-11739
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/ZWYTDWA/BlackRock_Realty_Group_LLC__mabke-26-11739__0001.0.pdf?mcid=tGE4TAMA
represented by: James Ehrhard, Esq.
EHRHARD & ASSOCIATES, P.C.
E-mail: ehrhard@ehrhardlaw.com
In re Christine Marie Fall
Bankr. D.N.H. Case No. 26-10643
Chapter 11 Petition filed July 22, 2026
In re Kepple's Carpet Inc.
Bankr. D.N.J. Case No. 26-18309
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/TYBSSMQ/Kepples_Carpet_Inc__njbke-26-18309__0001.0.pdf?mcid=tGE4TAMA
represented by: David A. Kasen, Esq.
KASEN & KASEN, PC
E-mail: dkasen@kasenlaw.com
In re Brian R. Roth and Heidi R. Roth
Bankr. D.N.J. Case No. 26-18313
Chapter 11 Petition filed July 22, 2026
represented by: Demetrios Pavlou, Esq.
In re Midwood Standard 1 LLC
Bankr. E.D.N.Y. Case No. 26-43494
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/UPCGUGQ/Midwood_Standard_1_LLC__nyebke-26-43494__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re Stacey Anne Porazzo
Bankr. E.D.N.Y. Case No. 26-43513
Chapter 11 Petition filed July 22, 2026
represented by: Lawrence Morrison, Esq.
In re Conolly Printing & Media Group Inc
Bankr. W.D.N.Y. Case No. 26-20568
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/CN5QD4I/Conolly_Printing__Media_Group__nywbke-26-20568__0001.0.pdf?mcid=tGE4TAMA
represented by: Michael Simon Baker, Esq.
MICHAEL S. BAKER, P.C.
E-mail: michael@nybusiness.law
In re Focus Equities Inc.
Bankr. D.P.R. Case No. 26-03385
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/ZMBW7AQ/FOCUS_EQUITIES_INC__prbke-26-03385__0001.0.pdf?mcid=tGE4TAMA
represented by: Carlos Alberto Ruiz, Esq.
LICENCIADO CARLOS ALBERTO RUIZ LLC
E-mail:
carlosalbertoruizquiebras@gmail.com
In re Commercial Equities LLC
Bankr. E.D. Wash. Case No. 26-01453
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/ZW2QUJI/Commercial_Equities_LLC__waebke-26-01453__0001.0.pdf?mcid=tGE4TAMA
represented by: Douglas R. Ricks, Esq.
SUSSMAN SHANK LLP
E-mail: dricks@sussmanshank.com
In re Grand Acquisitions LLC
Bankr. E.D. Wash. Case No. 26-01458
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/6BMR5DQ/Grand_Acquisitions_LLC__waebke-26-01458__0001.0.pdf?mcid=tGE4TAMA
represented by: Douglas R. Ricks, Esq.
SUSSMAN SHANK LLP
E-mail: dricks@sussmanshank.com
In re Grand Place LLC
Bankr. E.D. Wash. Case No. 26-01457
Chapter 11 Petition filed July 22, 2026
See
https://www.pacermonitor.com/view/6EVKP6I/Grand_Place_LLC__waebke-26-01457__0001.0.pdf?mcid=tGE4TAMA
represented by: Douglas R. Ricks, Esq.
SUSSMAN SHANK LLP
E-mail: dricks@sussmanshank.com
In re Sherry Younan Shamoon
Bankr. C.D. Cal. Case No. 26-11060
Chapter 11 Petition filed July 23, 2026
In re Wanamaker Group, LLC
Bankr. D.C. Case No. 26-00376
Chapter 11 Petition filed July 23, 2026
See
https://www.pacermonitor.com/view/HQQPHHI/Wanamaker_Group_LLC__dcbke-26-00376__0001.0.pdf?mcid=tGE4TAMA
represented by: Augustus T. Curtis, Esq.
OFFIT KURMAN, P.A.
E-mail: augie.curtis@offitkurman.com
In re KCG VA, LLC
Bankr. D.C. Case No. 26-00378
Chapter 11 Petition filed July 23, 2026
See
https://www.pacermonitor.com/view/H2OU5EA/KCG_VA_LLC__dcbke-26-00378__0001.0.pdf?mcid=tGE4TAMA
represented by: Augustus T. Curtis, Esq.
OFFIT KURMAN, P.A.
E-mail: augie.curtis@offitkurman.com
In re KCG MD, LLC
Bankr. D.C. Case No. 26-00377
Chapter 11 Petition filed July 23, 2026
See
https://www.pacermonitor.com/view/GOVC7NY/KCG_MD_LLC__dcbke-26-00377__0001.0.pdf?mcid=tGE4TAMA
represented by: Augustus T. Curtis, Esq.
OFFIT KURMAN, P.A.
E-mail: augie.curtis@offitkurman.com
In re Authentic Flavor, LLC
Bankr. S.D. Fla. Case No. 26-19725
Chapter 11 Petition filed July 23, 2026
See
https://www.pacermonitor.com/view/2DY46BI/Authentic_Flavor_LLC__flsbke-26-19725__0001.0.pdf?mcid=tGE4TAMA
represented by: Nicholas B. Bangos, Esq.
NICHOLAS B. BANGOS, PA
E-mail: nick@nbbpa.com
In re Steven T. Johnson
Bankr. S.D. Miss. Case No. 26-01991
Chapter 11 Petition filed July 23, 2026
represented by: Craig Geno, Esq.
In re Margaret Seide
Bankr. S.D.N.Y. Case No. 26-11728
Chapter 11 Petition filed July 23, 2026
represented by: Michael Treanor, Esq.
In re RAZAD Enterprises, LLC
Bankr. E.D. Tex. Case No. 26-42502
Chapter 11 Petition filed July 23, 2026
See
https://www.pacermonitor.com/view/4UI5F3Y/RAZAD_Enterprises_LLC__txebke-26-42502__0001.0.pdf?mcid=tGE4TAMA
represented by: Robert C Lane, Esq.
THE LANE LAW FIRM
Email: notifications@lanelaw.com
In re Lisa Jeannette Price
Bankr. C.D. Cal. Case No. 26-15977
Chapter 11 Petition filed July 24, 2026
In re True American Grain Inc.
Bankr. C.D. Cal. Case No. 26-12278
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/5VFJDPY/True_American_Grain_Inc__cacbke-26-12278__0001.0.pdf?mcid=tGE4TAMA
represented by: Christopher J. Langley, Esq.
SHIODA LANGLEY & CHANG LLP
E-mail: chris@slclawoffice.com
In re R McLain Enterprises, Inc.
Bankr. S.D. Ga. Case No. 26-60219
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/MFVOUOI/R_McLain_Enterprises_Inc__gasbke-26-60219__0001.0.pdf?mcid=tGE4TAMA
represented by: Jon Levis, Esq.
LEVIS LAW FIRM, LLC
E-mail: levis@levislawfirmllc.com
In re R McLain Enterprises, Inc.
Bankr. S.D. Ga. Case No. 26-60219
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/MFVOUOI/R_McLain_Enterprises_Inc__gasbke-26-60219__0001.0.pdf?mcid=tGE4TAMA
represented by: Jon Levis, Esq.
LEVIS LAW FIRM, LLC
Email: levis@levislawfirmllc.com
In re Sonshine Therapy, LLC
Bankr. S.D. Ga. Case No. 26-40737
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/QWA7EDI/Sonshine_Therapy_LLC__gasbke-26-40737__0001.0.pdf?mcid=tGE4TAMA
represented by: Jon Levis, Esq.
LEVIS LAW FIRM, LLC
E-mail: levis@levislawfirmllc.com
In re Ryan L McGraw and Julie A. McGraw
Bankr. N.D. Ill. Case No. 26-12271
Chapter 11 Petition filed July 24, 2026
represented by: Richard Larsen, Esq.
In re Kevin Allen Credeur and Jolene B. Credeur
Bankr. W.D. La. Case No. 26-50684
Chapter 11 Petition filed July 24, 2026
represented by: H. Aguillard, Esq.
In re Erasmo Orlando
Bankr. E.D. Mich. Case No. 26-48298
Chapter 11 Petition filed July 24, 2026
represented by: Lynn Brimer, Esq.
In re MWP Property 954-958 LLC
Bankr. D.N.J. Case No. 26-18391
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/CVSKRVI/MWP_Property_954-958_LLC__njbke-26-18391__0001.0.pdf?mcid=tGE4TAMA
represented by: Robert Nisenson, Esq.
LAW OFFICE OF ROBERT C. NISENSON, LLC
E-mail: r.nisenson@rcn-law.com
In re Relssek Investments, Inc.
Bankr. D.N.J. Case No. 26-18384
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/6TY5WQI/Relssek_Investments_Inc__njbke-26-18384__0001.0.pdf?mcid=tGE4TAMA
represented by: Melinda Middlebrooks, Esq.
MIDDLEBROOKS SHAPIRO, P.C.
E-mail:
middlebrooks@middlebrooksshapiro.com
In re Keith Douglas Sanders
Bankr. E.D.N.C. Case No. 26-03344
Chapter 11 Petition filed July 24, 2026
represented by: George Oliver, Esq.
In re Lotus & The Rooster Holdings Company
Bankr. M.D. Pa. Case No. 26-02065
Chapter 11 Petition filed July 24, 2026
See
https://www.pacermonitor.com/view/OFO7DKQ/Lotus__The_Rooster_Holdings_Company__pambke-26-02065__0001.0.pdf?mcid=tGE4TAMA
represented by: Robert E. Chernicoff, Esq.
CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC
In re Robert Dale Turner and Natasha Waldon Turner
Bankr. W.D. Tenn. Case No. 26-11047
Chapter 11 Petition filed July 24, 2026
represented by: C Jerome Teel Jr., Esq.
In re Armata Realty, LLC
Bankr. D. Conn. Case No. 26-20767
Chapter 11 Petition filed July 27, 2026
See
https://www.pacermonitor.com/view/KCOXQPQ/Armata_Realty_LLC__ctbke-26-20767__0001.0.pdf?mcid=tGE4TAMA
Filed Pro Se
In re 2nd Heaven LLC
Bankr. N.D.N.Y. Case No. 26-60668
Chapter 11 Petition filed July 27, 2026
See
https://www.pacermonitor.com/view/OYM4G4Y/2nd_Heaven_LLC__nynbke-26-60668__0001.0.pdf?mcid=tGE4TAMA
represented by: Peter A. Orville, Esq.
ORVILLE & MCDONALD LAW, P.C.
In re John-Phil Tavern Corp.
Bankr. S.D.N.Y. Case No. 26-11760
Chapter 11 Petition filed July 27, 2026
See
https://www.pacermonitor.com/view/QYEL6FY/John-Phil_Tavern_Corp__nysbke-26-11760__0001.0.pdf?mcid=tGE4TAMA
represented by: Michael A. King, Esq.
MICHAEL A. KING, ESQ.
E-mail: Romeo1860@aol.com
In re Katie Edson, MD LLC
Bankr. W.D. Va. Case No. 26-70787
Chapter 11 Petition filed July 27, 2026
See
https://www.pacermonitor.com/view/4EXWHLI/Katie_Edson_MD_LLC__vawbke-26-70787__0001.0.pdf?mcid=tGE4TAMA
represented by: Andrew S. Goldstein, Esq.
MAGEE GOLDSTEIN LASKY & SAYERS, P.C.
E-mail: agoldstein@mglspc.com
*********
On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts. The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.
Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.
Monthly Operating Reports are summarized in every Saturday edition
of the TCR.
The Sunday TCR delivers securitization rating news from the week
then-ending.
TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.
Copyright 2026. All rights reserved. ISSN: 1520-9474.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers. Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.
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 ***