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250430.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, April 30, 2025, Vol. 29, No. 119 Headlines 1031 SOLUTIONS: Gets Final OK to Use Cash Collateral 23ANDME HOLDING: Chapter 11 Sale Deadline Extended 23ANDME HOLDING: Seeks to Hire Ordinary Course Professionals 3265 E. VALLEY: Seeks to Extend Plan Exclusivity to July 7 4069 - 4089 MINNESOTA: Seeks to Hire In Rem PLLC as Special Counsel 51 PARK PLACE: Seeks to Hire Michael L. Previto as Attorney ALL SEASON: Gets Final OK to Use Cash Collateral AMERICAN AIRLINES: S&P Rates 2025 Revenue Bonds 'B+' AMERICAN ELITE: Seeks to Hire Lane Law Firm as Bankruptcy Counsel ANTIGONE SKOULAS: Seeks to Hire Bachecki Crom & Co as Accountant ARTISTIC HOLIDAY: Committee Taps Thompson Hine as Legal Counsel ATXLUB LLC: Seeks Subchapter V Bankruptcy in Texas BELMONT TRADING: Court OKs Buffalo Grove Sale to Kassel Financing BENSON HILL: Hires Faegre Drinker Biddle & Reath LLP as Counsel BENSON HILL: Seeks to Hire MERU LLC as Financial Advisor BENSON HILL: Seeks to Hire Stretto Inc. as Administrative Advisor BRUEPRINT BREWING: Seeks Chapter 7 Bankruptcy in North Carolina BUCKLE SERVICES: Seeks Chapter 7 Bankruptcy in Delaware C & C ELECTRIC: Seeks to Hire Lefkovitz & Lefkovitz as Counsel CARROLLCLEAN LLC: Court OKs Tangible Property Sale at Auction CB POLY US: Moody's Affirms 'B3' CFR & Alters Outlook to Negative CHABAD OF GRAMERCY: Taps J Keefe as Restructuring Advisor CIVILGEO INC: Seeks to Hire KerberRose S.C. as Accountant CONAIR HOLDINGS: S&P Downgrades ICR to 'CCC+' on Tariff Risk COUNTRY LIVING: U.S. Trustee Unable to Appoint Committee CTCHGC LLC: Seeks to Hire Roderick Robeson CPA LLC as Accountant DAVID KIMMEL: Gets Final OK to Use Cash Collateral DEL RIO PARKS: U.S. Trustee Unable to Appoint Committee DIOCESE OF BURLINGTON: Taps Pomerleau Real Estate as Broker DIOCESE OF SYRACUSE: Secures $61MM Insurer Deals DRAKSIN PROPERTIES: Gets Interim OK to Use Cash Collateral DVC3 LLC: Gets Extension to Access Cash Collateral ECOMARK SOLAR: Seeks Chapter 7 Bankruptcy in Colorado EDMONDS WELLNESS: Seeks to Hire Neeleman Law Group as Counsel ELDORADO GOLD: Moody's Alters Outlook on 'B1' CFR to Positive ELITE ENDEAVORS: Plan Exclusivity Period Extended to May 16 EWRIGHT HOLDING: Amy Denton Mayer Named Subchapter V Trustee EXELA TECHNOLOGIES: Gets Noteholders Support for Chapter 11 Plan FASHIONABLE INC: Taps Dunham Hildebrand Payne Waldron as Counsel FIT FOR THE RED: Seeks to Hire Ascend Accounting as Accountant FSH MAINTENANCE: Ruediger Mueller Named Subchapter V Trustee GIL AND RIVERA: Seeks Chapter 11 Bankruptcy in North Carolina GLIDE LOGISTICS: Gets OK to Use Cash Collateral Until May 31 GOL LINHAS: Plan Exclusivity Period Extended to July 25 GUNNISON VALLEY: Seeks to Hire Bluebird Real Estate as Broker HANDLOS FAMILY FARMS: Seeks Chapter 11 Bankruptcy in Iowa HUMPER EQUIPMENT: Seeks to Extend Plan Exclusivity to July 10 HYPERTECH INC: U.S. Trustee Unable to Appoint Committee IVESTER'S TREE: Seeks to Hire Diaz & Larsen as Bankruptcy Counsel LUXURY TIME: Taps C. Stephen Gurdin as Bankruptcy Attorney M & M BROADCASTERS: Taps Barron & Newburger as Bankruptcy Counsel MAYFAIR-HABITAT: Seeks Subchapter V Bankruptcy in Illinois METATRON HEALTH: Court Extends Cash Collateral Access to June 8 MID VALLEY NUT: Hires Bean Hunt Harris & Company as Accountant MID-KANSAS REAL: To Sell Kansas Property to B. Magdalen for $260K MOM CA INVESTOR: Seeks to Hire Bayard P.A. as Bankruptcy Counsel MT. PLEASANT: Seeks to Hire Ciardi Ciardi & Astin as Counsel MT. PLEASANT: Taps Fletcher Heald & Hildreth as Special Counsel NEW AGE: Seeks to Extend Plan Exclusivity to June 16 NEW FOCUS: To Sell Vehicle to Carmax.com for $8,000 NIKOLA CORP: Gets Enviro Credits Bid, Starts Truck Sale Process NIKOLA CORP: STORE Master Funding Steps Down as Committee Member NORTHERN LIBERTIES: Leona Mogavero Named Subchapter V Trustee NORTHVOLT AB: Scania Refuses to Buy Skelleftea Plant OMRAADHI LLC: Seeks to Hire Joyce W. Lindauer as Bankruptcy Counsel OPTIV PARENT: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative ORIGINAL MOWBRAY'S: Examiner Taps Ringstad & Sanders as Counsel PENDY'S RESTAURANT: Charles Mouranie Named Subchapter V Trustee PEOPLE FIRST: Mark Sharf Named Subchapter V Trustee PERFORMANCE MOBILE: Gets Final OK to Use Cash Collateral PREMIER PEDIATRICS: Michael Thomson Named Subchapter V Trustee R&R TRAILERS: Gets OK to Hire Kruggel Lawton CPAs as Accountant RADIX HAWK: Taps Philip von Kahle of Michael Moecker as CRO REDDIRT ROAD: Hires Professional Management Systems as Accountant RIVAL COMMERCIAL: Seeks to Hire Bond Law as Bankruptcy Counsel SAIPRASAD LLC: Taps Joyce W. Lindauer as Bankruptcy Counsel SAMYS OC: Plan Exclusivity Period Extended to June 12 SCANROCK OIL & GAS: Genecov Group Appointed as Committee Member SCENIC CITY: Seeks to Hire W. Thomas Bible Jr. as Legal Counsel SHILOH HOMECARE: Seeks to Hire Brown Plus as Accountant TALLULAH'S TAQUERIA: Taps McLaughlinQuinn LLC as Legal Counsel TOG HOTELS: Hearing Today on Bid to Use Cash Collateral TR WELDING: Seeks to Hire Foley Freeman as Bankruptcy Counsel TREESAP FARMS: Committee Taps McDermott Will as Legal Counsel TREESAP FARMS: Committee Taps Province LLC as Financial Advisor TRIPLETT FUNERAL: Seth Albin Named Subchapter V Trustee U-TELCO UTILITIES: Gets OK to Use Cash Collateral Until May 7 UNITED FIBER: Gets Final OK to Use Cash Collateral WENDT COMMUNICATION: Gets Final OK to Use Cash Collateral WEST VIRGINIA ECONOMIC: Moody's Rates New $150MM Bonds 'Ba2' WYNN TEC: Seeks to Hire Cunningham Chernicoff as Legal Counsel YANKE CONSTRUCTION: Mark Shapiro Named Subchapter V Trustee ********* 1031 SOLUTIONS: Gets Final OK to Use Cash Collateral ---------------------------------------------------- 1031 Solutions, LLC received final approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral. The final order authorized the company to use cash collateral to pay its expenses through the earlier of the effective date of a plan of reorganization; dismissal of the company's Chapter 11 case; or conversion of the case. As protection, Mountain America Credit Union, the lender, was granted replacement liens on the company's assets, including post-petition proceeds, with the same extent, validity and priority as its pre-bankruptcy liens. About 1031 Solutions LLC 1031 Solutions LLC is a real estate investment firm located in Los Angeles, CA, specializing in helping clients execute 1031 exchanges to defer capital gains taxes. The Company is committed to offering tailored and effective solutions, guiding investors through the intricacies of tax-deferred exchanges to enhance their real estate portfolios. 1031 Solutions LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11378) on February 24, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtor is represented by Gary E. Klausner, Esq. at Levene Neale Bender Yoo & Golubchik, LLP. 23ANDME HOLDING: Chapter 11 Sale Deadline Extended -------------------------------------------------- Steven Church of Bloomberg News reports that the sale of bankrupt DNA database company 23andMe has been postponed as the company searches for a lead bidder able to meet regulatory requirements and ensure customer privacy protections are upheld. Co-founded by Anne Wojcicki, the former Silicon Valley startup is negotiating with potential buyers to secure a binding opening bid that would serve as a baseline for a court-supervised auction. Court filings last week show the bid deadline was extended from April 25 to 28, 2025. About 23andMe 23andMe is a genetics-led consumer healthcare and biotechnology company empowering a healthier future. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The Company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe Holding Co. and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). The Company disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison LLP; Morgan, Lewis & Bockius LLP; and Carmody MacDonald PC are serving as legal counsel to 23andMe and Alvarez & Marsal North America, LLC as restructuring advisor. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP are serving as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Reevemark and Scale are serving as communications advisors to the Company. Kroll is the claims agent. 23ANDME HOLDING: Seeks to Hire Ordinary Course Professionals ------------------------------------------------------------ 23andMe Holding Co. and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to retain non-bankruptcy professionals in the ordinary course of business. The Debtors need ordinary course professionals to perform services for matters unrelated to this Chapter 11 case. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. The OCPs include: KPMG LLP Accounting Services - Auditor Tier 1 Morgan, Lewis & Bockius LLP Legal Services - Corporate Counsel Tier 1 Greenberg Traurig LLP Legal Services - Cyber Litigation & Regulatory Tier 1 Deloitte & Touche LLP Accounting Services - SOX & Tax Services Tier 2 BDO USA LLP Accounting Services - Tax Filing Support Tier 3 Reevemark, LLC Professional Services - Communications Tier 3 Scale Strategy Operations LLC Professional Services - Communications Tier 3 Captiva Advisory, Inc. Accounting Services - Technical Accounting Tier 3 Hintze Law PLLC Legal Services - Privacy Counsel Tier 4 Wilson Sonsini Goodrich & Rosati Legal Services - Transactional Counsel Tier 4 Duane Morris LLP Legal Services - Intellectual Property Tier 4 FisherBroyles, LLP Legal Services - Intellectual Property Tier 4 Foley & Lardner LLP Legal Services - Healthcare Counsel Tier 4 McDonnell Boehnen Hulbert & Berghoff LLP Legal Services - Intellectual Property Tier 4 Sheppard Mullin Legal Services - Litigation Support Tier 4 Osler Hoskin & Harcourt LLP Legal Services - Canadian Litigation Counsel Tier 4 Quarles & Brady LLP Legal Services - LMND Pharmacy Counsel Tier 4 Frank, Rimerman+Co LLP Accounting Services - 401k Audit Tier 4 Ryan, LLC Accounting Services - Property Tax Tier 4 Bryan Cave Leighton Paisner Legal Services Tier 4 About 23andMe 23andMe is a genetics-led consumer healthcare and biotechnology company empowering a healthier future. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The Company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe Holding Co. and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). The Company disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison LLP; Morgan, Lewis & Bockius LLP; and Carmody MacDonald PC are serving as legal counsel to 23andMe and Alvarez & Marsal North America, LLC as restructuring advisor. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP are serving as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Reevemark and Scale are serving as communications advisors to the Company. Kroll is the claims agent. 3265 E. VALLEY: Seeks to Extend Plan Exclusivity to July 7 ---------------------------------------------------------- 3265 E. Valley Vista, LLC, and Linear Companies LLC asked the U.S. Bankruptcy Court for the District of Arizona to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 7 and September 6, 2025, respectively. The Debtors claim that they have diligently prosecuted the Chapter 11 proceedings, but regrettably a significant amount of time and effort has been expended in addressing the secured lender's opposition to every aspect of the Debtors' operations as debtors-in-possession, leaving little resources to focus on the formulation of the Debtors' reorganization. The Debtor has addressed these concerns which are currently resolved, either by this Court or through extensive negotiations. The Debtors explain that the claim secured by one of their properties, 9740 E. Desert Cove, was sold to a new lender, post petition and efforts to engage that lender and its counsel in these proceedings have not been fruitful. The Debtors continue their efforts to engage this new lender in these proceedings and ascertain how to best address its claim in their Chapter 11 plan. The Debtors assert that the secured lender is receiving adequate protection payments and therefore, its liens and interest in the Debtors' assets are adequately protected such that the requested extension of time will not adversely affect the creditor. The Debtors further assert that they are bringing this Motion in good faith and in an effort to reorganize and provide value to the estate. The Debtors believe that extending the Exclusivity Deadline will help facilitate formulation of a confirmable plan while minimizing future complications associated with the administration of this case. The Debtors cite that they intend to continue discussing future plan treatment with counsel representing the secured creditors (as well as other creditors holding claims in this case) in an effort to try and formulate a confirmable plan of reorganization. The Debtors believe that creditors will not be prejudiced by the Court granting this Motion and the Debtors also believe that cause exists to grant the Motion and extend the Exclusivity Deadline. Counsel to the Debtor: Randy Nussbaum, Esq. Benjamin J. Branson, Esq. The Cavanagh Law Firm P.A. 1850 North Central Avenue, Suite 2400 Phoenix, AZ 85004-4527 Tel: (602) 322-4000 Fax: (602) 322-4100 Email: rnussbaum@cavanaghlaw.com bbranson@cavanaghlaw.com About 3265 E. Valley Vista, LLC 3265 E. Vallley Vista, LLC is engaged in the vacation rental market. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 2:24-bk-10529) on December 9, 2024. In the petition signed by Sean Parsons, member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Brenda K. Martin oversees the case. Randy Nussbaum, Esq., at Sacks Tierney P.A., represents the Debtor as legal counsel. 4069 - 4089 MINNESOTA: Seeks to Hire In Rem PLLC as Special Counsel ------------------------------------------------------------------- 4069 - 4089 Minnesota Ave NE, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ In Rem PLLC as special counsel. The firm will represent the Debtor in the case of District of Columbia v. 4069-4089 Minnesota Ave NE, LLC, et al, Case No.: 2024-CAB005590; and in the case brought by the Minnesota Commons Tenant Association. The firm bills at an hourly rate of $500. Andrew McGuire, Esq., managing attorney at In Rem PLLC, assured the court that the firm is a "disinterested person" as that term is defined by 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Andrew McGuire, Esq. In Rem PLLC 1140 3rd St NE Suite 200 Washington, DC 20002 Phone: (800) 284-8672 About 4069 - 4089 Minnesota Ave NE, LLC 4069 - 4089 Minnesota Ave is a debtor with a single real estate asset, as outlined in 11 U.S.C. Section 101(51B). 4069 - 4089 Minnesota Ave, NE, LLC in Washington, DC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 25-00070) on Feb. 27, 2025, listing as much as $10 million to 50 million in both assets and liabilities. Oscar Portillo as managing member, signed the petition. Judge Elizabeth L Gunn oversees the case. LAW OFFICES OF RICHARD B. ROSENBLATT, PC serve as the Debtor's legal counsel. 51 PARK PLACE: Seeks to Hire Michael L. Previto as Attorney ----------------------------------------------------------- 51 Park Place Owners LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Michael L. Previto as attorney. The firm will provide these services: a. advise the Debtor with respect to his powers and duties as a Debtor in Possession in the operation and management of financial reorganization of the estate; b. attend meeting and negotiates with creditors and their representatives, Trustee and others; c. take all actions to protect the Debtor's estate, including litigating on the Debtor's behalf and negotiating where applicable; d. prepare all motions, applications, answers, orders, reports, and papers necessary for the administration of the estate; e. assist and represent the Debtor in obtaining Debtor's financing, if applicable; f. prepare a Chapter 11 plan or plans and disclosure statement and take any action to obtain confirmation of that plan; g. represent the Debtor's interest in any sale of property or assets; h. appear in Court to protect his interests; and i. perform all other legal services and provide such advice as is necessary to assist Debtor. The firm will be paid at 250 per hour. The firm will be paid a retainer in the amount of $6,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Michael L. Previto, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael L. Previto 150 Motor Parkway, Suite 401 Hauppauge, NY 11788 Tel: (631) 379-0837 About 51 Park Place Owners LLC 51 Park Place Owners LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case. No. 25-41680) on April 4, 2025. Judge Nancy Hershey Lord handles the case. Michael L. Previto, Esq. represents the Debtor as counsel. ALL SEASON: Gets Final OK to Use Cash Collateral ------------------------------------------------ All Season Adventures, Inc. received final approval from the U.S. Bankruptcy Court for the District of Colorado to use cash collateral. The final order authorized the company to use the cash collateral of its secured creditors to pay expenses in accordance with its budget. As protection, High Country Bank and other secured creditors were granted replacement liens on inventory and income generated post-filing. All replacement liens will hold the same relative priority to assets as did the pre-bankruptcy liens. In addition, All Season Adventures was ordered to keep the secured creditors' collateral insured as further protection. About All Season Adventures All Season Adventures, Inc. is a Colorado corporation with its principal place of business located in Saguache County, Colorado. The Debtor has licenses to operate tours in certain national forest lands. In the winter, the Debtor operates snowmobile tours and in the summer the Debtor operates ATV tours. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D, Colo. Case No. 25-11437-MER) on March 19, 2025. In the petition signed by Steven Criswell, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Michael E. Romero oversees the case. Jonathan M. Dickey, Esq., at Kutner Brinen Dickey Riley P.C, represents the Debtor as legal counsel. High Country Bank, as secured creditor, is represented by: Lisa K. Shimel, Esq. Otteson Shapiro, LLP 7979 E. Tufts Avenue, Suite 1600 Denver, CO 80237 Telephone: (720) 488-0220 Facsimile: (720) 488-7711 lshimel@os.law AMERICAN AIRLINES: S&P Rates 2025 Revenue Bonds 'B+' ---------------------------------------------------- S&P Global Ratings assigned its 'B+' issue-level rating to American Airlines Inc.'s (American) Tulsa Municipal Airport Trust revenue bonds (Trustees of the Tulsa Municipal Airport Trust, American Airlines Inc. Project series 2025). The bonds are being issued to fund improvements to the company's overhaul and maintenance base at Tulsa International Airport (used as an aircraft and engine maintenance facility) and to repay about $104 million of its Tulsa revenue bonds (all of its series 2015) that are subject to mandatory tender on June 1, 2025. American Airlines Group Inc. (AAL) will guarantee payment of the interest and principal on the 2025 revenue bonds, which are also secured by a leasehold mortgage on American's sublease of the Tulsa airport overhaul and maintenance base used by the company. S&P said, "We rate the series 2025 bonds at the same level as our 'B+' issuer credit rating on American Airlines Group Inc. There are no notching considerations. The bonds will rank pari passu with the previous series of Tulsa revenue bonds (2000B, 2001A, 2001B--all due 2035). While not expected, bondholder claims would become unsecured in the event the sublease is terminated prior to bond maturity. However, AAL would remain obligated (on a best-efforts basis) to continue to service its interest and principal payment obligations on the bonds as sublease termination is not an event of default under the bond indenture." AMERICAN ELITE: Seeks to Hire Lane Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- American Elite Collision Center Corp. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire The Lane Law Firm, PLLC as counsel. The firm will render these services: a. assist, advise and represent the Debtor relative to the administration of the chapter 11 case; b. assist, advise and represent the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of lien and claims, and participating in and reviewing any proposed asset sales or dispositions; c. attend meetings and negotiate with the representatives of the secured creditors; d. assist the Debtor in the preparation, analysis and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; e. appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of Debtor before said Courts and the United States Trustee; and f. perform all other necessary legal services in these cases. The firm's counsel will be paid at these hourly rates: Robert Lane, Partner $595 Joshua Gordon $550 Associate Attorney $500 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received payment for its retainer in the amount of $35,000 from March 10, 2025 through April 1, 2025. Mr. Lane disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 Email: notifications@lanelaw.com About American Elite Collision Center Corp. American Elite Collision Center Corp. is an auto repair shop located in San Antonio, Texas. The Company provides collision repair services, focusing on restoring vehicles to their pre-accident condition. American Elite Collision Center Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-50784) on April 11, 2025. In its petition, the Debtor reports total assets of $383,371 and total debts of $1,210,637. Honorable Bankruptcy Judge Michael M. Parker handles the case. The Debtor is represented by Robert C. Lane, Esq. at THE LANE LAW FIRM. ANTIGONE SKOULAS: Seeks to Hire Bachecki Crom & Co as Accountant ---------------------------------------------------------------- Antigone Skoulas D.D.S., Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Bachecki, Crom & Co., LLP, Certified Public Accountants as counsel. The firm will render these services: (a) prepare and file tax returns; (b) analyze tax claims filed in this case; (c) correspond with taxing authorities, if necessary; (d) consult with the Debtor and Debtor's counsel regarding general tax and accounting matters; and (e) consult with Debtor and Debtor's counsel as to those accountancy matters which may arise during the Chapter 11 case. The firm will be paid at these rates: Partners $425 - $650 per hour Senior Accounts $375 - $490 per hour Junior Accountants $140 - $370 per hour As disclosed in court filings, Bachecki, Crom & Co. is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Austin J. Wade, CPA Bachecki, Crom & Co., LLP 400 Oyster Point Blvd Ste 106 South San Francisco, CA 94080 Phone: (415) 398-3534 Email: awade@bachcrom.com About Antigone Skoulas D.D.S. Inc. Antigone Skoulas D.D.S. Inc. is a dental practice in San Francisco specializing in cosmetic and restorative dentistry, offering services like implant restorations, Invisalign, dentures, and TMJ treatment. With a focus on advanced digital technology and artistic expertise, the practice provides compassionate care and exceptional results to help patients achieve their best smiles. Antigone filed Chapter 11 petition (Bankr. N.D. Calif. Case No. 25-30100) on February 9, 2025, listing total assets of $133,991 and total liabilities of $1,568,196. Judge Hannah L. Blumenstiel handles the case. The Debtor is represented by Brent D. Meyer, Esq., at Meyer Law Group, LLP. ARTISTIC HOLIDAY: Committee Taps Thompson Hine as Legal Counsel --------------------------------------------------------------- The joint committee of creditors holding unsecured claims of Artistic Holiday Designs, LLC and Holiday Creations Pro, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Thompson Hine LLP as counsel. The firm's services: (a) administration of the Chapter 11 Cases and the exercise of oversight with respect to the Debtors' affairs, including all issues in connection with the Debtors, the Committee and/or the Chapter 11 Cases; (b) preparation on behalf of the Committee of all necessary applications, motions, objections, memoranda, orders, reports and other legal papers; (c) appearances in Court, participation as a party-in-interest, and at statutory meetings of creditors to represent the interests of the Committee; (d) negotiation and evaluation of the use of cash collateral, any proposed debtor-in-possession financing and any other potential financing alternatives, as well as matters pertaining to leases, other executory contracts and claims; (e) negotiation, formulation, drafting and confirmation of a plan or plans of reorganization or liquidation and matters related thereto; (f) investigation, directed by the Committee, of, among other things, the extent, validity, and priority of any liens asserted with respect to the Debtors' assets, the identification of unencumbered assets, and investigation into the liabilities and financial condition of the Debtors, prior transactions, and operational issues concerning the Debtors that may be relevant to the Chapter 11 Cases; (g) negotiation and formulation of any proposed plan of reorganization, plan of liquidation, or motion providing for the sale of any of the Debtors' assets, including pursuant to section 363 of the Bankruptcy Code; (h) performance of all of the Committee's duties and powers under the Bankruptcy Code and Bankruptcy Rules, and the performance of such other services as are in the interests of those represented by the Committee; (i) communications with the Committee's constituents in furtherance of its responsibilities, including, but not limited to, communications required under section 1102 of the Bankruptcy Code; and (j) performance of all other legal services for the Committee which may be necessary and proper in these proceedings. The firm will be paid at these rates: Louis Solimine, Partner $775 per hour John Allerding, Partner $685 per hour Aleia Hornsby, Associate $525 per hour Jack D'Andrea, Associate $410 per hour Kelly Thomas, Paralegal $345 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. John Allerding, a partner at Thompson Hine LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: John C. Allerding, Esq. Thompson Hine LLP 3560 Lenox Road NE, Suite 1600 Atlanta, GA 30326 Tel: (404) 541-2900 Fax: (404) 541-2905 Email: John.Allerding@ThompsonHine.com About Artistic Holiday Designs, LLC Artistic Holiday Designs, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 2:25-bk-00153-FMD) on January 29, 2025. In the petition signed by Derek Norwood, managing member, the Debtor disclosed up to $10 million in assets and up to$50 million in liabilities. Judge Caryl E. Delano oversees the case. Michael Dal Lago, Esq., at Dal Lago Law, represents the Debtor as legal counsel. MEP Capital Holdings III, L.P., as secured creditor, is represented by Luis E. Rivera II, Esq. at GRAYROBINSON, P.A. ATXLUB LLC: Seeks Subchapter V Bankruptcy in Texas -------------------------------------------------- On April 24, 2025, ATXLUB LLC filed Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filing, the Debtor reports $2,622,256 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About ATXLUB LLC ATXLUB LLC, d/b/a West Texas Auctions and Metroplex Auctions, operates as an online auction service under the name West Texas Auctions, based in Lubbock, Texas. The Company facilitates public online auctions offering a variety of consumer goods. ATXLUB LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-50105) on April 24, 2025. In its petition, the Debtor reports total assets of $1,306,529 and total liabilities of $2,622,256. The Debtor is represented by Max R. Tarbox, Esq. at TARBOX LAW, P.C. BELMONT TRADING: Court OKs Buffalo Grove Sale to Kassel Financing ----------------------------------------------------------------- The U.S.Bankruptcy Court for the Northern District of Illinois, Eastern Division, has granted Belmont Trading Co. Inc. to sell Real Estate, free and clear of liens, interests, and encumbrances. The Debtor is authorized to sell substantially all of its Property located at at 900 Corporate Grove Drive, Buffalo Grove, Illinois 60089 including furniture, fixtures, inventor, customer lists, customer data, supplier lists, supplies, trading name, trademarks or trade names, telephone numbers, subcontractor information, employee information, warranties enforceable and in favor of the seller, all credits and/or cash, and computers and software. The Debtor is granted to sell the Property to Kassel Financing LLC in the purchase price of $200,000. A hearing will be conducted on May 21, 2025. All competing bids are subject to the requirements, limitations, and procedures of the bidding procedures. To qualify in the Auction, an individual or entity should submit its competing bids in writing no later than May 7, 2025 p.m. CST. Closing on the sale of the Property is to occur after 11 days, but no later than 28 days after approval of the sale. About Belmont Trading Co. Inc. Belmont Trading Co., Inc., offers full-service value recovery and recycling services for mobile devices. Belmont Trading processes retired mobile devices and remarket and resell them. Belmont Trading sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-12083) on Sept. 12, 2023. In the petition signed by Igor Boguslavsky, president, the Debtor disclosed $2,575,764 in assets and $15,773,104 in liabilities. Judge Janet S. Baer oversees the case. O. Allan Fridman, Esq., at Law Office of Allan Fridman, is the Debtor's legal counsel. BENSON HILL: Hires Faegre Drinker Biddle & Reath LLP as Counsel --------------------------------------------------------------- Benson Hill, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Faegre Drinker Biddle & Reath LLP as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties in the continued management and operation of its businesses and properties; (b) advise and consult on the conduct of the Chapter 11 case; (c) attend meetings and negotiate with representatives of creditors and other parties-in-interest; (d) take all necessary actions to protect and preserve the Debtor's estate; (e) prepare pleadings in connection with the Chapter 11 case; (f) represent the Debtor in connection with obtaining authority to continue using cash collateral and post-petition financing; (g) appear before the court and any appellate courts to represent the interests of the Debtor's estate; (h) seek approval of the sale and take the necessary actions on behalf of the Debtor to negotiate, prepare, and obtain approval of all documents related thereto; and (i) perform all other necessary legal services for the Debtor in connection with the prosecution of the Chapter 11 case. The firm will be paid at these services: Partners $1,010 - $1,435 Associates and Counsel $665 - $990 Paraprofessionals $530 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $275,000 from the Debtor. Patrick Jackson, a partner at Faegre Drinker Biddle & Reath, 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: Patrick A. Jackson, Esq. Faegre Drinker Biddle & Reath LLP 222 Delaware Avenue, Suite 1410 Wilmington, DE 19801 Telephone: (302) 467-4200 Email: patrick.jackson@faegredrinker.com About Benson Hill Benson Hill, Inc. is an ag-tech company focused on innovating soy protein through advanced genetics. Using its CropOS technology platform, Benson Hill creates food and feed that are more nutritious, functional, and produced efficiently, offering sustainability benefits to the food and feed sectors. Benson Hill and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Lead Del. Case No. 25-10539) on March 20, 2025. The petitions were signed by Daniel Cosgrove as interim chief executive officer. In their petitions, the Debtors reported total assets of $137,542,000 and total debts of $110,701,000. Judge Thomas M. Horan handles the cases. The Debtors tapped Faegre Drinker Biddle & Reath, LLP as bankruptcy counsel; Piper Sandler as investment banker; Meru, LLC as financial advisor; and Stretto, Inc. as claims and noticing agent. BENSON HILL: Seeks to Hire MERU LLC as Financial Advisor -------------------------------------------------------- Benson Hill, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ MERU, LLC as financial advisor. The firm will render these services: (a) assist finance team with liquidity management (13-week cash forecast) and preparation of re-forecasted budgets as per requirements of the bankruptcy filing; (b) assist in finalizing accounting procedures for Chapter 11 filing, including ensuring proper AP cut-off as of filing date; (c) assist with preparation of Chapter 11 statements and schedules; (d) manage advisor requests and engage with vendors to ensure continuity of services post-filing; (e) review executory contracts/unexpired leases and assist with acceptance and rejection decisions; (f) provide advice regarding negotiations with lenders, creditors, potential buyers, and stakeholders; (g) assist with disclosure statement and plan of reorganization, as needed; (h) assist with cash management issues (e.g., pre/post filing invoice split, 503(b)(9), critical vendor, admin claims); and (i) assist with general case administration and claims management issues. The firm will be paid at these hourly rates: Partners / Managing Partners $825 to $1,050 Senior Directors / Managing Directors $650 to $825 Vice Presidents / Directors $525 to $650 Analysts / Associates $275 to $525 Samir Saleem, managing partner of MERU LLC, disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached at: Samir Saleem Meru, LLC 1175 Peachtree Street, N.E. Building 100, Suite 1000 Atlanta, GA 30361 Tel: (404) 452-5802 Email: samir@wearemeru.com About Benson Hill Benson Hill, Inc. is an ag-tech company focused on innovating soy protein through advanced genetics. Using its CropOS technology platform, Benson Hill creates food and feed that are more nutritious, functional, and produced efficiently, offering sustainability benefits to the food and feed sectors. Benson Hill and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Lead Del. Case No. 25-10539) on March 20, 2025. The petitions were signed by Daniel Cosgrove as interim chief executive officer. In their petitions, the Debtors reported total assets of $137,542,000 and total debts of $110,701,000. Judge Thomas M. Horan handles the cases. The Debtors tapped Faegre Drinker Biddle & Reath, LLP as bankruptcy counsel; Piper Sandler as investment banker; Meru, LLC as financial advisor; and Stretto, Inc. as claims and noticing agent. BENSON HILL: Seeks to Hire Stretto Inc. as Administrative Advisor ----------------------------------------------------------------- Benson Hill, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Stretto, Inc. as administrative advisor. The firm will provide these services: a. assist with, among other things, solicitation, balloting, and tabulation of votes; prepare any related reports, as required in support of confirmation of a chapter 11 plan; b. prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; c. assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; d. assist with the preparation of the Debtors' monthly operating reports and gather data in conjunction therewith; e. provide a confidential data room; f. manage and coordinate any distributions pursuant to a chapter 11 plan if designated as distribution agent under such plan; and g. provide claims analysis and reconciliation, case research, depository management, treasury services, confidential online workspaces or data rooms, and any related services otherwise required by applicable law, governmental regulations, or court rules or orders in connection with these Chapter 11 Cases. Prior to the Petition Date, the Debtors paid Stretto with an advance retainer in the amount of $25,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Sheryl Betance, a partner at Stretto, Inc., 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: Sheryl Betance Stretto, Inc. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 Email: sheryl.betance@stretto.com About Benson Hill Benson Hill, Inc. is an ag-tech company focused on innovating soy protein through advanced genetics. Using its CropOS technology platform, Benson Hill creates food and feed that are more nutritious, functional, and produced efficiently, offering sustainability benefits to the food and feed sectors. Benson Hill and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Lead Del. Case No. 25-10539) on March 20, 2025. The petitions were signed by Daniel Cosgrove as interim chief executive officer. In their petitions, the Debtors reported total assets of $137,542,000 and total debts of $110,701,000. Judge Thomas M. Horan handles the cases. The Debtors tapped Faegre Drinker Biddle & Reath, LLP as bankruptcy counsel; Piper Sandler as investment banker; Meru, LLC as financial advisor; and Stretto, Inc. as claims and noticing agent. BRUEPRINT BREWING: Seeks Chapter 7 Bankruptcy in North Carolina --------------------------------------------------------------- Twinkle Jha of What Now reports that Brueprint Brewing Company, a North Carolina craft brewery established in 2014, has filed for Chapter 7 bankruptcy, initiating plans to liquidate its assets and close permanently. According to the April 9, 2025 bankruptcy filing, Brüeprint reported liabilities totaling $1.78 million, with estimated assets ranging between $100,000 and $1 million. The company stated it lacked sufficient assets to repay its creditors but did not disclose a specific reason for the filing. The bankruptcy comes less than a year after Brüeprint announced the closure of one of its taprooms and plans to relocate operations. However, details about the new location were never released. The brewery was known for producing 18 types of craft beer, including favorites like Brüe Scarlet Amber Ale, Midnight Brüe, Brüenette, Edinbrüe Scotch Ale, and Pale Brüe Eyes. Its products were once widely available at retailers such as Total Wine & More, Fresh Market, Whole Foods, Lowe's Food, Harris Teeter, Weaver Street Markets, and Food Lion, according to What Now. About Brueprint Brewing Company Brueprint Brewing Company, a North Carolina craft brewery established in 2014. Brueprint Brewing Company sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-bk-01298) on April 9, 2025. In its petition, the Debtor reports liabilities totaling $1.78 million, with estimated assets ranging between $100,000 and $1 million. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Ciara L. Rogers, Esq. at Waldrep Wall Babcock & Bailey PLLC. BUCKLE SERVICES: Seeks Chapter 7 Bankruptcy in Delaware ------------------------------------------------------- Avi Ben-Hutta of Coverager reports that Buckle, an insurance startup, has filed for Chapter 7 bankruptcy in the District of Delaware for its subsidiary, Buckle Services, LLC, which is wholly owned by Buckle Corp. In its filing, Buckle disclosed having 50 to 99 creditors, assets between $0 and $50,000, and liabilities ranging from $10 million to $50 million. Launched in 2017, Buckle raised $81 million in equity funding and $35 million in debt financing. The company introduced a rideshare insurance product in 2019 that combined personal and commercial coverage but later discontinued the offering. In 2023, Buckle shifted its focus to operating as a fronting carrier for Managing General Agents (MGAs). Along its journey, the company acquired two licensed insurance carriers, one of which it later sold to General Motors, according to Coverager. Gateway Insurance Company, still owned by Buckle, provided an update in a 2024 regulatory filing: "Gateway is currently reviewing its strategic plans and implementing a phased capital restoration initiative. It expects to finalize agreements with both new and existing investors and submit a revised financial plan to regulators during the first half of 2025. Subject to regulatory approval, Gateway aims to resume selective underwriting activities in 2025, contingent on achieving required surplus levels. Gateway was adversely impacted by the Vesttoo Fraud through its reinsurance agreements with the Corinthian Group. As of December 31, 2024, Gateway reported a surplus of approximately $2.5 million, resulting in a Risk-Based Capital (RBC) ratio of 115%. Due to these capital challenges, Gateway has suspended or terminated its MGA programs and ceased writing new business. The company is actively working with regulators to protect policyholders and is engaging with current and prospective investors to develop a capital recovery plan. Gateway also plans to pursue claims against third parties connected to the Vesttoo fraud. Operational improvements have included repositioning as a streamlined insurance fronting carrier—outsourcing claims management, ending affiliated MGA operations, optimizing internal processes, and reducing redundancies. Gateway cautions that any forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from those anticipated." About Buckle Services LLC Buckle Services LLC is a digital financial services firm that provides insurance products for the gig economy. Buckle Services LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10758) on April 22, 2025. In its petition, the Debtor reports assets between $0 and $50,000, and liabilities ranging from $10 million to $50 million. The Debtor is represented by Patrick A. Jackson, Esq. of Faegre Drinker Biddle & Reath LLP. C & C ELECTRIC: Seeks to Hire Lefkovitz & Lefkovitz as Counsel -------------------------------------------------------------- C & C Electric, LLC seeks to hire the U.S. Bankruptcy Court for the Middle District of Tennessee to hire Lefkovitz & Lefkovitz, PLLC as counsel. The firm's services include: a. advising the Debtor as to her rights, duties, and powers as Debtor(s)-in-Possession; b. preparing and filing statements and schedules, plans, and other documents and pleadings necessary to be filed by the Debtor in this proceeding; c. representing the Debtor at all hearings, meetings of creditors, conferences, trials, and any other proceedings in this case; and d. performing such other legal services as may be necessary in connection with this case. The firm will be paid at these rates: Attorneys $475 per hour Paralegals $200 per hour The firm has received a total of $10,000 as a retainer, plus $1,738 in Court filing fees. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Lefkovitz & Lefkovitz is a "disinterested person" as defined in Bankruptcy Code Secs 101(14) and 327, according to court filings. The firm can be reached through: Jay R. Lefkovitz, Esq. LEFKOVITZ & LEFKOVITZ, PLLC 908 Harpeth Valley Place Nashville, TN 37221 Tel: (615) 256-8300 Fax: (615) 255-4516 Email: jlefkovitz@lefkovitz.com About C & C Electric C & C Electric LLC is an electrical contracting business located in Smyrna, TN, offering a wide range of electrical services for both residential and commercial clients, including new construction, remodels, rewires, and electrical repairs. The Company also specializes in upgrading electrical systems and retrofitting lights to LED. C & C Electric LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-01491) on April 8, 2025. In its petition, the Debtor reports total assets of $81,754 and total liabilities of $1,670,076. The Debtor is represented by Jay R. Lefkovitz, Esq., at Lefkovitz & Lefkovitz. CARROLLCLEAN LLC: Court OKs Tangible Property Sale at Auction ------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, has granted CarrollClean LLC to sell tangible persona property, free and clear of liens, claims, and interests. The Debtor is engaged in the manufacturing and sale of chemical cleaning products. The Debtor owns various items of tangible personal property which it wishes to liquidate at public auction. The Court authorized the Debtor to sell its Property at auction through the Court-approved auctioneer. Upon payment by a successful bidder following the auction, the Property shall be transferred to the highest bidder at auction, and such transfer shall constitute a legal, valid, binding, and effective transfer of the Property free and clear of all liens, claims and encumbrances The Court also ordered the transfer or assignment of any government license, permit, registration, authorization or approval, or the discontinuation of any obligation. About CarrollClean LLC CarrollCLEAN, LLC, sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 24-42039) on August 29, 2024, listing up to $50,000 in both assets and liabilities. Judge Brenda T. Rhoades presides over the case. Howard Marc Spector, Esq., at Spector & Cox, PLLC is the Debtor's counsel. CB POLY US: Moody's Affirms 'B3' CFR & Alters Outlook to Negative ----------------------------------------------------------------- Moody's Ratings changed CB Poly US Holdings, Inc.'s (Polyconcept) outlook to negative from stable. At the same time, Moody's affirmed the company's ratings, including its B3 Corporate Family Rating, B3-PD Probability of Default Rating, and the B3 rating on the company's senior secured first lien bank credit facility. The negative outlook reflects the ongoing pressures on Polyconcept's business and uncertainty around the potential for a further material decline in profitability due to weakening macro-economic conditions and the significant exposure to tariffs. Polyconcept's revenue declined around 2.6% in 2024 with a more pronounced (Moody's adjusted) EBITDA decline of 15%, driven by soft demand and increased labor and leasing costs. The company also reported a modest free cash flow deficit in 2024, pressured by the lower earnings and high inventory levels at year end due to lower than anticipated volumes. As a result, the company's debt/EBITDA leverage increased to around 6.0x as of fiscal year-end 2024 versus 4.8x at the end of 2023. Weakening macro-economic conditions are dampening demand for the company's products. The promotional products industry is cyclical and discretionary in nature, and end-customers pull back purchases of promotional products during economic downturns. In addition, Polyconcept has significant exposure to US tariffs, particularly the currently very high tariffs on goods sourced from China. The company sources about two thirds of products from China, with the remainder primarily from other countries in Asia. There is uncertainty around the company's ability to mitigate the increased tariff costs by shifting product sourcing significantly outside of high tariffed countries and implementing price increases. Moody's believes there is risk that these actions may not fully mitigate the additional costs and that actions such as price increases will result in volume declines. Moody's affirmed the ratings because Moody's expects that Polyconcept will maintain adequate liquidity over the next 12 months, supported by a reduction of working capital. Moody's anticipates the company will work on reducing the currently elevated on-hand inventory levels in the near-term, which will support good free cash flow generation. The anticipated adequate liquidity provides the company some financial flexibility as it works to mitigate the impact of tariffs. Moody's also expects that the company's international business, which represents about a third of its revenue will continue to remain stable. RATINGS RATIONALE Polyconcept's B3 CFR broadly reflects its relatively small scale with revenue at around $900 million and its exposure to cyclical downturns due to the discretionary nature of its products. Weakening macro-economic conditions are negatively impacting demand for the company's products, and there is uncertainty around the depth and duration of the ongoing economic slowdown. Polyconcept sources its product mostly from China and other countries in Asia, exposing its supply chain to manufacturing issues affecting the region, including US tariffs. Moody's expects that demand headwinds will persist in 2025 and that the increased tariff costs will negatively impact the company's profitability. Moody's projects that debt/EBITDA leverage will increase to over 7.0x over the next 12-18 months. However, Moody's anticipates that the company will reduce its working capital position during a downturn, which will support positive free cash flow generation. Governance considerations include the February 2024 dividend distribution funded with balance sheet cash amid ongoing revenue and earnings pressures, which meaningfully reduced the company's financial flexibility. The rating also reflects Polyconcept's solid industry positioning, supported by a broad product portfolio and ability to execute quick order turnaround times, and its competitive advantage in low-cost sourcing, albeit currently under pressure due to tariffs. The company benefits from its good geographic reach and diverse end-markets. Polyconcept's implementation of price increases and variable cost structure helps to partially mitigate cost pressures. The company's adequate liquidity is supported by Moody's expectations for positive free cash flow of at least $50 million over the next 12 months, and the $67 million of availability on its $125 million revolving facility due 2027 as of the fiscal year-end 2024. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The negative outlook reflects that the weak economic outlook will continue to pressure corporate spending in 2025, including on promotional products, and the uncertainty around the impact of the increased tariff costs on the company's profitability and potential for further volume pressures due to price increases. The ratings could be upgraded if the company demonstrates a track record of consistent revenue growth alongside sustainable EBITDA margin expansion, and debt/EBITDA is sustained below 6.0x. A ratings upgrade would also require at least good liquidity with sustained positive free cash flow on an annual basis, and financial policies that support credit metrics at the above levels. The ratings could be downgraded if the company's revenue and earnings are materially weaker due to factors such as weaker macro-economic conditions, lower volumes, tariff costs, or supply chain disruptions. The ratings could also be downgraded if the company is unable to generate positive free cash flow to support at least adequate liquidity, there is high reliance on revolver borrowings, or the company completes a debt-financed acquisition or shareholder distribution that increases leverage or reduces its financial flexibility. Headquartered in New Kensington, Pennsylvania, Polyconcept designs, sources, distributes and decorates promotional products through its main offices in the US, Europe, Hong Kong, Canada and China. The company supplies a wide range of promotional, lifestyle and gift products to several hundred thousand companies ranging from small enterprises to global corporations in over 100 countries, with a primary focus on North America and Europe. The company operates through two segments including Polyconcept North America (PCNA), Europe (PFCI). Polyconcept was acquired by an affiliate of private equity firm Charlesbank Capital Partners in 2016. Polyconcept reported revenue of around $900 million for the fiscal year 2024 ending December 31, 2024. The principal methodology used in these ratings was Consumer Durables published in September 2021. CHABAD OF GRAMERCY: Taps J Keefe as Restructuring Advisor --------------------------------------------------------- Chabad of Gramercy Park seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire employ J Keefe Associates LLC as restructuring advisor. The firm will provide John Keefe, managing member and president, as chief restructuring officer to the Debtor. The firm will be paid $400 per hour for its services. Mr. Keefe disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John Keefe J Keefe Associates LLC 137 Montague Street Suite 236 Brooklyn Heights, NY 11201 Telephone: (718) 625-3800 Email: jkeefe@jkassoc.com About Chabad of Gramercy Park Chabad of Gramercy Park owns a portfolio of five properties situated across various locations in New York, with a combined estimated value of $13.77 million. Chabad of Gramercy Park sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No.: 25-40105) on January 8, 2025. In its petition, the Debtor reports total assets of $13,770,000 and total liabilities of 24,715,943. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. Alla Kachan, Esq., at Law Offices of Alla Kachan P.C., represents the Debtor as counsel. CIVILGEO INC: Seeks to Hire KerberRose S.C. as Accountant --------------------------------------------------------- CivilGEO Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to employ KerberRose, S.C. as its accountants. The firm will render these services: (a) assist in preparing the Debtor's Schedules and Statement of Financial Affairs; (b) assist in preparing monthly reporting reports; (c) prepare and file necessary tax returns; (d) assist with budgeting, preparing cash flow projections, and other financial analysis in connection with the Debtor's formulation of a plan of reorganization; (e) provide other similar services as necessary to carry out the Debtor's reorganization. The firm will be paid at these rates: Michael Matuszak $400/hour Jessica Winker $200/hour KerberRose is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Michael Matuszak KerberRose, S.C. 1429 Merrill Avenue Wausau, WI 54401 Phone: (715) 675-9000 Fax: (715) 298-3065 E-mail: michael.matuszak@kerberrose.com About Civilgeo, Inc. CivilGEO Inc. specializes in creating intuitive CAD and GIS-based hydrologic engineering software for a global market. The Company's product lineup includes three key offerings: GeoHECRAS, GeoHECHMS, and GeoSTORM, with no other software available for purchase. CivilGEO's solutions are widely used by consulting engineers, public utilities, government agencies, and educational institutions across the U.S. for effective water resource management. CivilGEO's software is particularly focused on hydrologic simulation modeling, which involves designing and running computational models to simulate both surface and groundwater flow. CivilGEO Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Case No. 25-10731) on April 1, 2025. In its petition, the Debtor reports total assets as of February 28, 2025 amounting to $653,051 and total liabilities as of February 28, 2025 of $1,283,472. The Debtor is represented by Justin M. Mertz, Esq. at MICHAEL BEST & FRIEDRICH LLP. CONAIR HOLDINGS: S&P Downgrades ICR to 'CCC+' on Tariff Risk ------------------------------------------------------------ S&P Global Ratings lowered its rating on U.S.-based Conair Holdings LLC to 'CCC+' from 'B-'. The outlook is developing. S&P said, "Concurrently, we lowered our issue-level credit rating on its first-lien term loan to 'CCC+' from 'B-'. The recovery rating is '3', reflecting our expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a payment default. "The developing outlook reflects the potential for a lower rating if the risk of a default over the next 12 months increases or for a higher rating if the company successfully refinances its asset based revolver, tariff rates moderate, and operating performance stabilizes, such that we believe its capital structure will remain sustainable. "The downgrade reflects our view that Conair's capital structure is unsustainable in the near term due to high U.S. tariffs on its imports from China and other Asia Pacific (APAC) countries and lower demand because of macroeconomic uncertainty. While we acknowledge Conair is diversifying its supply chain away from China to other APAC countries, we believe the company still imports a significant portion of its inventory from that country and is subject to recently enacted tariffs of 145% on certain product categories. Conair is also subject to 25% tariffs on imported steel and aluminum. We believe Conair will have to offset higher tariff costs primarily through price increases, cost sharing with suppliers, and continuing to shift its supply chain away from China. There also remains a risk of higher tariffs on jurisdictions to which the company is shifting its supply, which would limit the benefit. Tariffs on Vietnam, Cambodia, Indonesia and other Asia-Pacific countries--which are potential destinations for the company's supply chain--are 10% after a 90-day pause, but could increase significantly after this period. This would offset some of the potential supply-chain relocation benefit. In addition, execution risk will increase if the company tries to accelerate its supply-chain shift, and it could incur some incremental costs that would further weigh on profitability and cash flow. "U.S. tariff policies are evolving but have already resulted in macroeconomic uncertainty and impaired consumer sentiment. While we expect the company will increase prices to partly offset tariff costs, this will likely hurt demand in many of Conair's discretionary consumer product categories. We believe existing tariff rates, if prolonged, would significantly reduce the company's profitability, potentially resulting in S&P Global Ratings-adjusted EBITDA cash interest coverage (net of interest rate hedging derivatives) declining below 1x in 2025. "We believe Conair will maintain sufficient liquidity over the next 12-months, though it faces refinancing risk. The company reported a year-over-year decline in free operating cash flow (FOCF) for the 12 months ended Dec. 31, 2024, due to lower profitability, higher advertising spending, restructuring costs, and higher distribution costs and working capital use due to the opening of a new distribution center. We estimate Conair had sufficient liquidity as of Dec. 31, 2024, which includes cash on hand and availability under its asset based lending (ABL) facility. We forecast FOCF generation could remain positive in 2025, even if high import tariffs remain and profits weaken, due to lower inventory buildup ahead of its key second half of the year selling season. As such, we forecast Conair will maintain sufficient liquidity over the next 12-months. However, the company's liquidity position could deteriorate depending on how U.S. tariff policies evolve, their duration, and the company's capacity to mitigate them. Also, Conair could become more reliant on its ABL, which matures in May 2026. If the company fails to successfully extend the maturity of its ABL before it becomes current, we could lower our ratings. "Conair underperformed our expectations, and its credit metrics weakened in fiscal 2024. Conair's fiscal year 2024 sales were below our expectation at the start of the year of low-single-digit percent sales growth. The company's beauty and home product categories experienced lower demand due to constrained consumer budgets, drug store channel consolidation, and high inventory levels at certain customers; these trends were partially offset by growth in certain Cuisinart appliances. Demand for Conair's personal care product categories was also down in part due to lower promotional activity than competitors. Conair increased spending on advertising and digital capabilities and incurred a large amount of one-time costs related to opening a new distribution center and its ongoing cost reduction initiatives. We estimate its S&P Global Rating-adjusted EBITDA declined materially and S&P Global Ratings-adjusted leverage increased above 9x in 2024, compared to 7.5x in 2023. Moreover, the company's S&P Global Ratings-adjusted EBITDA to cash interest coverage (net of interest rate hedging derivatives) declined below 1.5x in 2024. "The developing outlook reflects the potential for a lower rating if the risk of a default over the next 12 months increases or for a higher rating if the company successfully refinances its asset-based revolver, tariff rates moderate, and operating performance stabilizes such that we believe its capital structure will remain sustainable. "We could lower our ratings on Conair if we envision a default scenario within 12-months." This could occur if: -- Conair is unable to extend the maturity on its ABL or the terms become onerous; -- The company cannot offset higher import tariffs or encounters supply challenges or disruptions as it diversifies its supply chain; or -- The macroenvironment continues to weaken, leading to further pressure on consumer discretionary spending. S&P could raise its rating on Conair if it extends the maturity on its ABL facility on manageable terms, sustains EBITDA cash interest coverage above 1.5x, and continues to generate positive FOCF. S&P believes this could happen if the company: -- Can offset higher U.S. import tariffs on China and other Asia-Pacific countries; -- Generates organic sales growth through stabilizing macroeconomic conditions and sustained market share; -- Successfully diversifies its supply chain with limited transition costs; and -- Realizes expected cost savings from productivity initiatives. COUNTRY LIVING: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 4 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Country Living, LLC. About Country Living Country Living, LLC filed Chapter 11 petition (Bankr. D. S.C. Case No. 25-01506) on April 22, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Charles M. Walker oversees the case. The Debtor is represented by: Benjamin R. Matthews, Esq. Matthews & Associates, LLC 7909 Parklane Road, Suite 305 Columbia, SC 29223 Phone: 803-799-1700 benrusmat@gmail.com CTCHGC LLC: Seeks to Hire Roderick Robeson CPA LLC as Accountant ---------------------------------------------------------------- CTCHGC, LLC d/b/a Central Texas Gun Works, Centex Guns, and CTGW and Michael D. Cargill seek approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Roderick Robeson CPA LLC as accountant. The firm's services include: a. assisting the Debtors regarding compliance with United States Trustee guidelines and financial reporting, including filing and amending monthly operating reports to include necessary attachments and exhibits; b. assisting and advising the Debtors in preparing all unfiled pre-petition tax returns; c. assisting and advising the Debtors in preparing post-petition tax returns; d. assisting Debtors in preparing monthly financial statements, including balance sheets, profit and loss statements, and general ledger reporting; and e. providing bookkeeping, data entry, and bank account reconciliations for CTCHGC. The accountant's hourly rate is $75. In addition, the accountant will utilize and bill client for a QuickBooks Online basic subscription in the amount of $12 monthly Accountant is requesting a post-petition retainer in the amount of $1,875. The accountant has no interest adverse to the Debtors or to their bankruptcy estates, according to court filings. The firm can be reached through: Roderick Robeson, CPA Roderick Robeson CPA LLC 7000 N Mopac Expy #200 Austin, TX 78731 Phone: (512) 960-4874 About CTCHGC LLC CTCHGC LLC, doing business as Central Texas Gun Works, Centex Guns, and CTGW, is a firearms academy in Austin, Texas. The Company offers a straightforward and hassle-free way of obtaining Texas license to carry a handgun and various gun safety classes, including Identogo fingerprint services. Central Texas Gun Works also has a great selection of handguns, rifles, shotguns, knives and accessories in stock at the gun store showroom. CTCHGC LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-11072) on September 2, 2024. In the petition filed by Michael D. Cargill, as manager, the Debtor reports total assets of $363,309 and total liabilities of $2,677,635. The Honorable Bankruptcy Judge Shad Robinson handles the case. The Debtor is represented by Kell C. Mercer, Esq. at KELL C. MERCER, P.C. DAVID KIMMEL: Gets Final OK to Use Cash Collateral -------------------------------------------------- David Kimmel Design, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, to use cash collateral. The final order authorized the company to use the cash collateral of the U.S. Small Business Administration solely to pay the expenses set forth in its budget. SBA was granted replacement liens on the company's post-petition cash and accounts receivable to secure any diminution in the value of its collateral. The company's authority to use cash collateral will terminate if its Chapter 11 case is converted to one under Chapter 7; if it uses cash collateral for purposes not authorized under the final order; or if the court removes the company as debtor-in-possession. About David Kimmel Design Established in December 2012, David Kimmel Design LLC is a luxury floral design company specializing in creating custom, high-end floral arrangements for exclusive events, known for its elegance and innovation. With a global reach, David Kimmel Design has completed significant projects in countries like France, Italy, Germany, and Belgium. It excels in delivering personalized, breathtaking floral designs that reflect the unique visions of its clients. David Kimmel Design sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-30979) on March 21, 2025. In its petition, the Debtor reported assts between $50,000 and $100,000 and liabilities between $1 million and $10 million. Judge Michelle V. Larson oversees the case. The Debtor is represented by Brandon Tittle, Esq., at Tittle Law Group, PLLC. DEL RIO PARKS: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 6 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Del Rio Parks, LLC. About Del Rio Parks LLC Del Rio Parks, LLC filed Chapter 11 petition (Bankr. W.D. Tex. Case No. 25-50409) on March 3, 2025, listing up to $500,000 in both assets liabilities. Scott Kramer, president of Del Rio Parks, signed the petition. Judge Michael M. Parker oversees the case. William R. Davis, Jr., Esq., at Langley & Banack, Inc., represents the Debtor as legal counsel. DIOCESE OF BURLINGTON: Taps Pomerleau Real Estate as Broker ----------------------------------------------------------- Roman Catholic Diocese of Burlington Vermont seeks approval from the U.S. Bankruptcy Court for the District of Vermont to employ Pomerleau Real Estate as real estate broker. Pomerleau will assist with the marketing and sale of the Loretto Home located at 59 Meadow Street, Rutland, Vermont 05701. Pomerleau will be completed at a commission rate of 6 percent of the Gross Sale Price. Kendra Kenney, managing partner and principal broker at Pomerleau, 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: Kendra Kenney Pomerleau Real Estate 69 College Street Burlington, VT 05401 Office: (802) 863-8218 Mobile: (802) 881-6776 Email: kkenney@vermontrealestate.com About Roman Catholic Diocese Of Burlington Vermont Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, P.A. as bankruptcy counsel and Obuchowski Law Office as local counsel. DIOCESE OF SYRACUSE: Secures $61MM Insurer Deals ------------------------------------------------ Randi Love of Bloomberg Law reports that the Roman Catholic Diocese of Syracuse has secured nearly $61 million through settlements with 10 insurers to help fund its proposed plan to exit bankruptcy and address clergy abuse claims. Court documents filed in the U.S. Bankruptcy Court for the Northern District of New York reveal that Interstate Fire & Casualty Co. and two affiliated insurers will contribute the largest share at $35 million, as noted in an April 27 filing. An earlier filing on April 25, 2025 shows that the London Market Insurers have agreed to pay $22.5 million, marking the second-largest contribution. About The Roman Catholic Diocese of Syracuse The Roman Catholic Diocese of Syracuse, New York --http://www.syracusediocese.org/-- through its administrative offices (a) provides operational support to the Catholic parishes, schools and certain other Catholic entities that operate within the territory of the Diocese in support of their shared charitable humanitarian and religious missions; (b) conducts school operations by managing tuition and scholarship payments, employee payroll, and other school-related operating expenses for separately incorporated Diocesan schools, as well as providing parish schools with financial, operational and educational support; and (c) provides comprehensive risk management services to the OCEs through the Diocese's insurance program. The Roman Catholic Diocese of Syracuse, New York filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bank. N.D.N.Y. Case No. 20-30663) on June 19, 2020. Stephen A. Breen, chief financial officer, signed the petition. At the time of filing, the Debtor estimated $10 million to $50 million in assets and $50 million to $100 million in liabilities. Judge Margaret M. Cangilos-Ruiz oversees the case. Bond, Schoeneck and King, PLLC, serves as the Debtor's bankruptcy counsel. The Debtor also tapped Mullen Coughlin LLC as special counsel, Arete Advisors LLC as cybersecurity consultant, and Moxfive LLC as technical advisor. Stretto is the claims agent and administrative advisor. The U.S. Trustee for Region 2 appointed a committee to represent unsecured creditors in the Debtor's bankruptcy case. The committee tapped Stinson, LLP, Saunders Kahler, LLP and Berkeley Research Group, LLC, as its bankruptcy counsel, local counsel and financial advisor, respectively. DRAKSIN PROPERTIES: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Draksin Properties, Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of New York to use cash collateral. The order penned by Juddge Wendy Kinsella authorized the company's interim use of cash collateral in accordance with its budget pending the hearing on May 22. Generations Bank and other secured creditors of the company will be granted rollover liens on and security interests in all collateral in which such creditors hold liens and security interests pursuant to their loan documents with the company. As additional protection, Generations Bank will receive monthly payments of $1,850 commencing on April 30 and continuing monthly until the effective date of Draksin's Subchapter V plan. Draksin was ordered to pay over to the Subchapter V trustee the sum of $500 per month commencing in May for payment of the trustee's fees; with such funds to be held in escrow pending further court order. The next hearing is scheduled for May 22. About Draksin Properties Draksin Properties, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-30159) on March 6, 2025, listing up to $1 million in both assets and liabilities. Judge Wendy A. Kinsella oversees the case. Peter Alan Orville, Esq., at Orville & Mcdonald Law, PC is the Debtor's legal counsel. Generations Bank, as secured creditor, is represented by: Curtis A. Johnson, Esq. Bond, Schoeneck & King, PLLC 350 Linden Oaks, Third Floor Rochester, New York 14625 Tel: (585) 362-4812 cjohnson@bsk.com DVC3 LLC: Gets Extension to Access Cash Collateral -------------------------------------------------- DVC3, LLC received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use the cash collateral of the U.S. Small Business Administration. SBA's cash collateral consists of cash and accounts receivable generated by the operation of DVC3's business. The court authorized DVC3 to use the lender's cash collateral for operating expenses but not for pre-bankruptcy expenses, officer salaries or professional fees, which require court approval. SBA was granted a replacement lien on property owned by the company's estate to the same extent and with the same nature and priority as its pre-bankruptcy lien. This property includes all cash accounts, accounts receivable and other property acquired by the estate or by the company on or after the petition date. As additional protection, SBA will continue to receive monthly payments of $1,500. The payments started on Feb. 1. DVC3 was also ordered to keep SBA's insured as further protection. The final hearing will be held on July 22. About DVC3 LLC DVC3, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-03897) on December 23, 2024. In the petition signed by Rebecca L. Vetter, manager, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Jacob A. Brown oversees the case. The Debtor is represented by: Bryan K. Mickler, Esq. Mickler & Mickler Tel: 904-725-0822 Email: court@planlaw.com ECOMARK SOLAR: Seeks Chapter 7 Bankruptcy in Colorado ----------------------------------------------------- Justin Wingerter of BusinessDen reports that EcoMark Solar, the solar energy company owned by Colorado state Rep. Alex Valdez, has filed for Chapter 7 bankruptcy, years after completing its final installation. The April 17, 2025 filing indicates the company will liquidate its assets to repay creditors. According to BusinessDen, Valdez, a Democrat in office since 2019 and a former Denver mayoral candidate, founded EcoMark in 2010. At its peak, the company employed 150 people and generated $6.1 million in revenue in 2022. However, it abruptly ceased operations in October of that year, surprising both staff and customers. Valdez attributed the closure to the lingering effects of the pandemic, supply chain disruptions, and labor shortages. He stated that all employees were paid and remaining work was compensated. The closure prompted the state to pursue back taxes and led to lawsuits from two contractors. One case, filed by SunTalk Solar, seeks $389,000 for alleged unpaid services. EcoMark and Valdez dispute the claim. A trial set for April 28 was canceled pending resolution of the bankruptcy case. EcoMark's three associated companies each filed for Chapter 7. Together, they reported $110,000 in assets and $2.2 million in liabilities. Creditors include Chase Bank ($270,000), the IRS ($77,000), and numerous vendors, insurers, and customers, the report states. In 2024, EcoMark settled two claims—$28,000 for unpaid wages and $15,000 to a vendor, according to BusinessDen. Attorney Jamie Buechler, representing EcoMark, declined to comment. A spokesperson for Valdez also had no comment. About EcoMark Solar EcoMark Solar is a solar energy company owned by Colorado state Rep. Alex Valdez. EcoMark Solar sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-12223) on April 17, 2025. In its petition, the Debtor reports $110,000 in assets and $2.2 million in liabilities. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Kelsey Jamie Buechler, Esq. EDMONDS WELLNESS: Seeks to Hire Neeleman Law Group as Counsel ------------------------------------------------------------- Edmonds Wellness Clinic, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group as counsel. The firm's services include: (a) assist the Debtor in the investigation of the financial affairs of the estate; (b) provide legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under this case; and (d) perform all necessary legal services for the estate in relation to this case The firm will be paid at these hourly rates: Attorney $600 Associate $475 Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $6,775. Jennifer Neeleman, Esq., a partner at Neeleman Law Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, PC 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Email: jennifer@neelemanlaw.com About Edmonds Wellness Clinic Inc. Edmonds Wellness Clinic Inc. is a comprehensive naturopathic and alternative medicine center located in Edmonds, Washington. Edmonds Wellness Clinic sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-10741) on March 20, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $500,000 and $1 million in liabilities. Judge Christopher M. Alston handles the case. The Debtor is represented by Thomas D. Neeleman, Esq., at Neeleman Law Group. ELDORADO GOLD: Moody's Alters Outlook on 'B1' CFR to Positive ------------------------------------------------------------- Moody's Ratings changed the outlook of Eldorado Gold Corporation ("Eldorado") to positive from stable. At the same time, Moody's affirmed Eldorado's corporate family rating at B1, its probability of default rating at B1-PD and its senior unsecured notes rating at B3. Eldorado's SGL-2 speculative grade liquidity rating (SGL) remains unchanged. The positive outlook reflects progress on Eldorado's Skouries project, which is expected to begin commercial production in mid-2026. This will enhance its credit profile by adding a low-cost mine, increasing production and operational diversity, generating positive cash flow, and reducing financial leverage. It also incorporates Moody's expectations that leverage will remain below 2.5x despite significant capital spending for the project and the company's good liquidity position. RATINGS RATIONALE Eldorado benefits from: 1) low leverage; 2) long average reserve life of its assets (Kisladag has a 13 year mine life, Skouries will have a 20 year life); 3) a competitive cost position (guidance total cash costs of $980-$1080 per ounce for 2025); and 4) good liquidity. Eldorado's rating is constrained by its 1) small scale (520 thousand gold ounces in 2024), 2) its concentration of production and cash flow at its Kisladag and Efemcukuru mines in Turkiye (48% of production and 46% of earnings from mine operations in last twelve months ended Dec 2024); 3) geopolitical risks related to their assets in Turkiye (Government of Turkiye B1 positive, Turkiye foreign currency ceiling of Ba3); 4) execution risk related to completing the Skouries project; and 5) a concentration of production in gold and the resulting exposure to volatile gold prices. Eldorado's Skouries project, located in northern Greece (Government of Greece Baa3 stable), is a copper-gold porphyry deposit that will use a combination of conventional open pit and underground mining techniques. As of December 31, 2024, phase 2 construction was 60% complete, with first production expected in the first quarter of 2026, and commercial production anticipated by mid-2026. The project is expected to produce an average of 140,000 ounces of gold and 67 million pounds of copper annually, with an initial life of mine of 20 years. It is expected to increase Eldorado's production, provide additional operational and geographic diversity, and reduce its average cost profile. Eldorado has good liquidity (SGL-2), with about $1.4 billion of total sources against about $500 million of uses to June 2026. Sources include $857 million of cash at Q4/2024, about $239 million of availability on its $350 million revolving credit facility (expires June 2028) and about $273 million available on the €680 million Skouries project financing facility. Uses are free cash flow consumption of about $500 million to June 2026 (using Moody's gold price sensitivity of $2400/oz for the remainder of 2025 and $2100/0z in 2026). The company's next scheduled debt maturity is its $500 million notes due in September 2029. Eldorado is expected to remain comfortably in compliance with its bank facility covenants. The B3 rating on the senior unsecured notes, which is two notches below the B1 CFR, recognizes their junior position in the capital structure behind the company's revolving credit facility and the project financing facility in place for the Skouries project. Though the project financing facility is non-recourse to Eldorado, the collateral securing the facility covers Eldorado's operating asset Olympias in Greece and the Skouries project which will be a material part of the company's operations in 2026 and beyond. The positive outlook is based on the expectation that Eldorado's credit profile will improve when Skouries starts production, leading to higher output and improved cash costs, strengthening the company's credit metrics. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Eldorado is able to achieve increased mine diversity, particularly in regards to its geopolitical risk profile, generate sustained positive free cash flow and adjusted leverage is sustained below 2.75x. An upgrade would also require the company to successfully complete the Skouries project. A downgrade would be considered if Eldorado's free cash flows are expected to be negative past 2025, or adjusted debt/EBITDA is expected to remain above 3.5x. The ratings could also be downgraded if the company experiences material cost overruns that affect liquidity as it progresses developing the Skouries project. Headquartered in Vancouver, Canada, Eldorado owns and operates two gold mines in Turkiye (Kisladag and Efemcukuru), a gold mine in Canada (Lamaque Complex), and a gold/silver/lead/zinc mine in Greece (Olympias). The company is currently developing the Skouries copper/gold project in Greece. The principal methodology used in these ratings was Mining published in April 2025. ELITE ENDEAVORS: Plan Exclusivity Period Extended to May 16 ----------------------------------------------------------- Judge Robert Berger of the U.S. Bankruptcy Court for the District of Kansas extended Elite Endeavors, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 16 and August 15, 2025, respectively. As shared by Troubled Company Reporter, the Debtor claims that it requires further additional time to file its Plan and Disclosure Statement. Since the filing of the Petition for Relief, the Debtor has surrendered its equipment located at 1502 East Walnut in Lexington, Nebraska to BizCapital BIDCO I, LLC and Landery Bank of the Lake ("Banks") and the Banks conducted a UCC public sale of the equipment, which was purchased by Livestock Nutrition Center, L.L.C. ("LNC") and in turn, Debtor and LNC entered into an Equipment Lease Agreement. Further, during the early days of this Chapter 11, the Debtor fell behind with post-petition obligations and Debtor has worked diligently since the surrender of its equipment to bring those post-petition obligations current. Debtor expects at the present rate, to bring the post-petition taxes current within the next 14-16 weeks. Further, Debtor has been making the back payments to Wells Fargo, a secured lender and has brought current the payments owed to CNH. The Debtor explains that the Plan will need to address secured claims of Wells Fargo Equipment Finance (Loop Conveyor System); CNH Industrial Capital (Case Wheel Loader); and DeLage Landen Financial Services (four forklifts). Moreover, the unsecured non-priority class includes in excess of 70 claims, many of which are disputed, but which now total approximately $8,200,000. This sum includes the deficiency of the Banks once the equipment was sold (approximately $4,700,000). Debtor will need to address all of these claims in its Plan. Elite Endeavors, LLC is represented by: Erlene W. Krigel, Esq. KRIGEL & KRIGEL, P.C. 4520 Main Street, Suite 700 Kansas City, MO 64111 Tel: (816) 756-5800 Fax: (816) 756-1999 E-mail: ekrigel@krigelandkrigel.com About Elite Endeavors Elite Endeavors, LLC, a company in Edmond, Okla., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 24-20222) on March 6, 2024, with up to $50,000 in assets and up to $50 million in liabilities. Judge Robert D. Berger oversees the case. Erlene W. Krigel, Esq., at Krigel & Krigel, PC, is the Debtor's legal counsel. EWRIGHT HOLDING: Amy Denton Mayer Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for EWright Holding, LLC. Ms. Mayer will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About EWright Holding EWright Holding, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00530) on March 26, 2025, listing between $500,001 and $1 million in both assets and liabilities. Judge Caryl E. Delano presides over the case. Erik J. Washington, Esq., at The Washington Law Firm, P.A. represents the Debtor as bankruptcy counsel. EXELA TECHNOLOGIES: Gets Noteholders Support for Chapter 11 Plan ---------------------------------------------------------------- Zachary Fleming of Bloomberg Law reports that Exela Technologies BPA has received support from over 80% of its April 2026 noteholders for a revised bankruptcy plan, positioning the company to exit Chapter 11 by the end of Q2. The updated terms, detailed in the recently filed Amended Plan Support Agreement, include a debt-for-equity conversion. The company also secured final court approval for its debtor-in-possession financing, according to Bloomberg Law. About Exela Technologies Headquartered in Irving, Texas, Exela Technologies, Inc. -- http://www.exelatech.com/-- is a business process automation (BPA) company, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. Exela Technologies Inc. and several other units sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90024) on March 3, 2025. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Timothy Alvin Davidson, II, Esq. at Andrews Kurth LLP. FASHIONABLE INC: Taps Dunham Hildebrand Payne Waldron as Counsel ---------------------------------------------------------------- Fashionable, Inc. seeks to hire from the U.S. Bankruptcy Court for the Middle District of Tennessee to hire Dunham Hildebrand Payne Waldron, PLLC as counsel. The firm will provide these services: (a) render legal advice with respect to the rights, power, and duties of the Debtors in the management of their assets; (b) investigate and, if necessary, institute legal action on behalf of the Debtors to collect and recover assets of their estates; (c) prepare all necessary pleadings, orders and reports with respect to this proceeding and render all other necessary or proper legal services; (d) assist and counsel the Debtors in the preparation, presentation, and confirmation of plans of reorganization; (e) represent the Debtors as may be necessary to protect their interests; and (f) perform all other legal services that may be necessary and appropriate in the general administration of the Debtors' estates. The firm will be paid at these hourly rates: Attorneys $500 - $550 Paralegal $200 - $225 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total combined retainer of $55,000 from the Debtors. R. Alex Payne, Esq., an attorney at Dunham Hildebrand Payne Waldron, 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: R. Alex Payne, Esq. Dunham Hildebrand Payne Waldron PLLC 9020 Overlook Blvd., Ste. 316 Brentwood, TN 37027 Telephone: (629) 777-6539 Email: alex@dhnashville.com About Fashionable Inc. Fashionable, Inc., doing business as ABLE, is a Nashville-based women's clothing and accessories brand offering a thoughtfully curated range of apparel, leather goods, jewelry, and footwear. Fashionable, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ten. Case No. 25-01501) on April 8, 2025, listing between $1 million and $10 million in both assets and liabilities. Misti Blasko, chief executive officer of Fashionable, Inc., signed the petition. Judge Randal S. Mashburn oversees the case. The Debtor is represented by R. Alex Payne, Esq., at Dunham Hildebrand Payne Waldron, PLLC. FIT FOR THE RED: Seeks to Hire Ascend Accounting as Accountant -------------------------------------------------------------- Fit for the Red Carpet and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Ohio to employ Aaron Poundstone of Ascend Accounting, LLC as their outside accountant. The firm will render these services: a. prepare monthly operating reports; b. provide bookkeeping services; and c. prepare financial statements and assist the Debtor in monitoring its budget to actual performance; and d. perform all other necessary and general outside accountant services required throughout these Chapter 11 Cases. The firm will be paid at these rates: Aaron Poundstone $125 Other Accountants $50 Support Staff $25 As disclosed in the court filings, Ascend Accounting is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Aaron Poundstone, CPA Ascend Accounting, LLC 3475 Ridgewood Rd Fairlawn, OH 44333-3163 About Fit for the Red Carpet Fit for the Red Carpet LLC is a company that offers personal services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-50238) on February 18, 2025. In the petition signed by Rhonda Stark, owner, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Alan M. Koschik oversees the case. Marc B. Merklin, Esq., at ROETZEL & ANDRESS, LPA, represents the Debtor as legal counsel. FSH MAINTENANCE: Ruediger Mueller Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 21 appointed Ruediger Mueller of TCMI, Inc. as Subchapter V trustee for FSH Maintenance, LLC. Mr. Mueller 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. Mueller declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Ruediger Mueller TCMI, Inc. 1112 Watson Court Reunion, FL 34747 Telephone: (678) 863-0473 Facsimile: (407) 540-9306 Email: truste@tcmius.com About FSH Maintenance FSH Maintenance, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01897) on March 27, 2025, listing between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Judge Roberta A. Colton oversees the case. Almarosa Carolina Torres-O'Connor, Esq. at Stichter, Riedel, Blain & Postler, P.A. represents the Debtor as legal counsel. GIL AND RIVERA: Seeks Chapter 11 Bankruptcy in North Carolina ------------------------------------------------------------- On April 24, 2025, Gil and Rivera LLC filed Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of North Carolina. According to court filing, the Debtor reports $1,798,775 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Gil and Rivera LLC Gil and Rivera LLC, dba Big Jerry's Fencing, specializes in residential and commercial fence installation services across the United States. The Company offers a variety of fencing materials including wood, vinyl, aluminum, chain link, and composite, and also installs automatic gates. Headquartered in North Carolina, Big Jerry's operates in over 20 locations nationwide and has expanded through a franchise model aimed at broadening its footprint across multiple states. Gil and Rivera LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-01470) on April 24, 2025. In its petition, the Debtor reports total assets of $252,350 and total liabilities of $1,798,775. Honorable Bankruptcy Judge Joseph N. Callaway handles the case. The Debtor is represented by Danny Bradford, Esq. at PAUL D. BRADFORD, PLLC. GLIDE LOGISTICS: Gets OK to Use Cash Collateral Until May 31 ------------------------------------------------------------ Glide Logistics, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral until May 31. The interim order authorized the company to utilize its cash collateral to make the following payments in April and May: Monthly Payment to BMO: $2,250 Monthly Payment to Commercial Credit: $400 Monthly Payment to First Citizens: $2,500 Monthly Payment to Auxilior: $1,250 Monthly Payment to Mitsubishi HC Capital America, Inc. $400 Glide Logistics may exceed the budgeted amounts by up to 20% for unexpected contingencies and $2,000 for any other ordinary business expenses for the two months combined. The company's lenders including the U.S. Small Business Administration, BMO Bank, Commercial Credit, First Citizens, Auxilior and Mitsubishi were granted security interests in the company's post-petition assets to the extent and priority of their pre-bankruptcy liens. Glide Logistics was ordered to keep the equipment that is the subject of the lenders' liens insured. The next hearing will be held on May 28. About Glide Logistics Inc. Glide Logistics Inc. is a transportation company specializing in open deck, heavy haul, and oversize freight services across the United States. Glide Logistics sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-03258) on March 2, 2025. In its petition, the Debtor reported total assets of $1,220,786 and total liabilities of $1,050,846. Judge Janet S. Baer handles the case. The Debtor is represented by: Keevan D. Morgan Morgan & Bley, Ltd. Tel: 312-243-0006 ext 29 Email: kmorgan@morganandbleylimited.com GOL LINHAS: Plan Exclusivity Period Extended to July 25 ------------------------------------------------------- Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York extended GOL Linhas Aereas Inteligentes S.A., and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 25 and September 25, 2025, respectively. As shared by Troubled Company Reporter, the Debtors explain that the international nature of these Chapter 11 Cases in particular has necessitated resolution of complex questions of finance, securities, tax, and regulatory laws of various U.S. and non-U.S. jurisdictions, which the Debtors and their advisors continue to analyze in connection with the proposed implementation of the Plan. Given the size and complexity of these Chapter 11 Cases, the Debtors need additional time to ensure that they can obtain confirmation of the Plan and implement the Plan in accordance with its terms. The Debtors believe that the vast majority of the Debtors' creditors already support or will support the Debtors' Plan and continue to engage with all parties in interest to reach full consensus. The requested extensions of the Exclusive Periods will benefit all parties in interest by allowing the Debtors to build on the momentum they have achieved thus far and work toward reaching resolution with those creditors that do not already support the Plan. Thus, this factor weighs in favor of granting the requested extension of the Exclusive Periods. The Debtors assert that they have been timely paying their undisputed postpetition obligations in the ordinary course throughout the course of these Chapter 11 Cases. The Debtors will continue to do so, as they have more than enough cash on hand due to the substantial liquidity provided by the DIP financing and the Court-approved factoring arrangements. As such, this factor also weighs in favor of granting the requested extension of the Exclusive Periods. The Debtors' Counsel: Evan R. Fleck, Esq. Andrew C. Harmeyer, Esq. Bryan V. Uelk, Esq. MILBANK LLP 55 Hudson Yards New York, NY 10001 Telephone: (212) 530-5000 Facsimile: (212) 530-5219 Email: efleck@milbank.com aharmeyer@milbank.com buelk@milbank.com - and - Gregory A. Bray, Esq. MILBANK LLP 2029 Century Park East, 33rd Floor Los Angeles, CA 90067 Telephone: (424) 386-4000 Facsimile: (213) 629-5063 Email: gbray@milbank.com - and - Andrew M. Leblanc, Esq. Erin E. Dexter, Esq. MILBANK LLP 1850 K St. NW, Suite 1100 Washington, DC 20006 Telephone: (202) 835-7500 Facsimile: (202) 263-7586 Email: aleblanc@milbank.com edexter@milbank.com About Gol GOLL4.SA GOL Linhas Aereas Inteligentes S.A. provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircraft and components in Brazil and internationally. The company offers Smiles, a frequent-flyer program to approximately 20.5 million members, allowing clients to accumulate and redeem miles. It operates a fleet of 146 Boeing 737 aircraft with 674 daily flights. The company was founded in 2000 and is headquartered in Sao Paulo, Brazil. GOL Linhas Aereas Inteligentes S.A. and its affiliates and its subsidiaries voluntarily filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 24-10118) on Jan. 25, 2024. GOL Linhas estimated $1 billion to $10 billion in assets as of the bankruptcy filing. The Debtors tapped Milbank Llp as counsel, Seabury Securities Llc as restructuring advisor, financial advisor and investment banker, Alixpartners, LLP, as financial advisor, and HUGHES Hubbard & Reed LLP as aviation related counsel. Kroll Restructuring Administration LLC is the claims agent. GUNNISON VALLEY: Seeks to Hire Bluebird Real Estate as Broker ------------------------------------------------------------- Gunnison Valley Properties, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Bluebird Real Estate as real estate broker. The firm will market and sell the Debtor's property located at 43110 US Highway 50 Gunnison, CO 81230. Bluebird will be entitled to a commission of 6 percent of the gross purchase price, to be split equally between Bluebird and a buyer’s agent, inclusive of out-of-pocket expenses. Bluebird is disinterested, as that term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Brian Cooper The Brian Cooper Team Bluebird Real Estate 218 N Main St Gunnison, CO 81230 Phone: (970) 275-8022 Email: brian@bbre1.com About Gunnison Valley Properties Gunnison Valley Properties LLC in Louisville, Colo., sought relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 24-15052) on Aug. 28, 2024, listing $50 million to $100 million in assets and $10 million to $50 million in liabilities. Byron Chrisman, manager, signed the petition. Judge Joseph G. Rosania Jr. oversees the case. Onsager | Fletcher | Johnson | Palmer LLC serves as the Debtor's legal counsel. HANDLOS FAMILY FARMS: Seeks Chapter 11 Bankruptcy in Iowa --------------------------------------------------------- On April 23, 2025, Handlos Family Farms LLC filed Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Iowa. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Handlos Family Farms LLC Handlos Family Farms LLC operates row-crop acreage and a 3,500-head swine facility in Audubon, Iowa, supporting the Handlos group's vertically integrated pork business. The Company supplies feed grains and housing for hogs that move through affiliated farrowing, finishing and manure-handling units. Handlos Family Farms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Iowa Case No. 25-00671) on April 23, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. The Debtor is represented by Jeffrey D. Goetz, Esq. at DICKINSON, BRADSHAW, FOWLER & HAGEN, PC. HUMPER EQUIPMENT: Seeks to Extend Plan Exclusivity to July 10 ------------------------------------------------------------- Humper Equipment LLC and RBX, Inc. asked the U.S. Bankruptcy Court for the Western District of Missouri to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 10 and September 8, 2025, respectively. The bankruptcy court's decision as to whether to grant an extension of a chapter 11 debtor's exclusivity requires a careful balancing of competing factors. Not all of these factors are relevant in every case, and a determination by the court that any number of these factors exists may justify extending the debtor's exclusive periods. The Debtors submit that they meet every one of these requirements, and thus ample cause exists for this Court to extend the Exclusive Periods for an additional 90 days each, to-wit: * The Debtors' cases have been designated as "complex cases" in accordance with Local Rule, and their reorganizations are proceeding at a pace consistent with the size of the case and the complex and difficult issues confronting the Debtors; * The Debtors have been working in good faith towards the development of a consensual plan, including negotiations of a potential private sale to a prospective purchaser, and an extension of time will further all of these efforts; * an extension of the Exclusive Periods is not requested as a means of pressuring or causing prejudice to any party in interest, but rather will afford the Debtors a reasonable opportunity to negotiate with creditors in order to propose and achieve a confirmable chapter 11 plan; and * courts considering an extension of a debtor's exclusive period also assess its liquidity and solvency, and in this case, Debtors have sufficient liquidity, are paying their postpetition bills as they come due, are making their adequate protection payments, and have been effectively managing their business and preserving the value of their assets since the Petition Date. Counsel to the Debtors: Robert E. Eggmann, Esq. CARMODY MACDONALD P.C. 120 S. Central Avenue, Suite 1800 St. Louis, MO 63105 Telephone: (314) 854-8600 Facsimile: (314) 854-8660 Email: ree@carmodymacdonald.com About Humper Equipment Humper Equipment LLC, a company in Strafford, Mo., filed Chapter 11 petition (Bankr. W.D. Miss. Case No. 24-60818) on December 12, 2024, with up to $50,000 in assets and $10 million to $50 million in liabilities. James A. Keltner, sole member of Humper Equipment, signed the petition. Judge Brian T. Fenimore oversees the case. The Debtor is represented by Sharon L. Stolte, Esq. at Sandberg Phoenix & Von Gontard. HYPERTECH INC: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 8 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Hypertech, Inc. About Hypertech Inc. Hypertech Inc. is a U.S.-based automotive technology company that develops high-performance engine tuning products for vehicles with computer-controlled systems. Unlike traditional aftermarket firms that focus on mechanical upgrades, Hypertech specializes in software-based enhancements by recalibrating a vehicle's electronic control units (ECUs) for improved power, fuel efficiency, and drivability. The Company's team includes engineers and performance enthusiasts who apply advanced knowledge of electrical engineering and computer science to create products like Power Chips and the Power Programmer. Hypertech, Inc. and its affiliates, High Point, LLC, and SF Technologies Inc., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. M.D. Tenn. Lead Case No. 25-01562) on April 11, 2025. In its petition, Hypertech reported between $1 million and $10 million in both assets and liabilities. Judge Charles M. Walker handles the cases. The Debtors are represented by Robert J. Gonzales, Esq., at EmergeLaw, PLC. IVESTER'S TREE: Seeks to Hire Diaz & Larsen as Bankruptcy Counsel ----------------------------------------------------------------- Ivester's Tree & Lawn LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Diaz & Larsen as counsel. The firm's services include: a. advising the Debtor of its rights, powers, and duties as debtor and debtor in possession; b. taking all necessary action to protect and preserve the estate of the Debtor, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections to claims filed against the Debtor's estate; c. assisting in preparing on behalf of the Debtor all necessary schedules and statements, motions, applications, answers, orders, reports, and papers in connection with the administration of the Debtor's estate; d. assisting in presenting the Debtor's proposed plan of reorganization and all related transactions and any related revisions, amendments, etc.; and e. performing all other necessary legal services in connection with this chapter 11 case. Diaz & Larsen received a retainer from the Debtor in the amount of $30,000. Andres Diaz, a manager at Diaz & Larsen, 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: Andres Diaz, Esq. Timothy J. Larsen, Esq. DIAZ & LARSEN 757 East South Temple, Suite 201 Salt Lake City, UT 84102 Telephone: (801) 596-1661 Facsimile: (801) 359-6803 Email: courtmail@adexpresslaw.com About Ivester's Tree & Lawn LLC Ivester's Tree & Lawn LLC is a comprehensive tree and wood service company based in Tooele, Utah. The Company specializes in various services including tree trimming, removal, pruning, stump grinding, and firewood supply. Ivester's Tree & Lawn LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-21998) on April 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Peggy Hunt handles the case. The Debtor is represented by Andres Diaz, Esq. at DIAZ & LARSEN. LUXURY TIME: Taps C. Stephen Gurdin as Bankruptcy Attorney ---------------------------------------------------------- Luxury Time Global, LLC filed an amended application seeking approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ C. Stephen Gurdin Jr., Esq., a professional practicing law in Pennsylvania, as counsel. The firm will render theses services: a. give the Debtor legal advice with respect all legal matters concerning the Chapter 11 case; b. assist in the preparation and filing of the plan, motion for conditional approval, balloting, appearance at confirmation and all other hearings, prepare on behalf of Debtor necessary schedules, applications, complaints, reports and other documents and any and all amendments thereto; c. pursue any monies and claims, if anu, believed due and owing to the Debtor; and d. perform all legal bankruptcy services necessary to assist the Debtor in carrying out the plan. Mr. Gurdin will charge an hourly fee of $460. The paralegal assisting him will charge $150 per hour. The Debtor paid Mr. Gurdin a retainer of $15,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Gurdin disclosed in a court filing that he has no other interest or connection in the administration of the Debtor's bankruptcy estate. Mr. Gurdin maintains an office at: C. Stephen Gurdin Jr., Esq. 67-69 Public Square, Ste. 501 Wilkes Barre, PA 18701-2512 Tel: (570) 826-0481 Email: Stephen@gurdinlaw.com About Luxury Time Global, LLC Luxury Time Global LLC, d/b/a Luxury Time Global, is a retailer specializing in luxury watches, offering both new and pre-owned timepieces from world-renowned brands like Rolex, Omega, and Patek Philippe. With established offices in Florida and Pennsylvania, as well as an online store, the Company serves watch enthusiasts, celebrities, and athletes. Luxury Time Global LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-00912) on April 2, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Mark J. Conway handles the case. The Debtor is represented by C. Stephen Gurdin, Jr., Esq. M & M BROADCASTERS: Taps Barron & Newburger as Bankruptcy Counsel ----------------------------------------------------------------- M & M Broadcasters, Ltd. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barron & Newburger, P.C. as its bankruptcy counsel. The firm will provide these services: (a) advise the Debtor of its rights, powers, and duties; (b) review the nature and validity of claims asserted against the property of the Debtor and advise it concerning the enforceability of such claims; (c) prepare on behalf of Debtor, all necessary and appropriate legal documents and review all financial and other reports to be filed in the Chapter 11 case; (d) advise the Debtor concerning and prepare responses to, legal papers which may be filed in the Chapter 11 case; (e) counsel the Debtor in connection with the formulation, negotiation, and promulgation of a plan of reorganization and related documents; (f) perform all other legal services for and on behalf of the Debtor which may be necessary and appropriate in the administration of the Chapter 11 case and its business; and (g) work with professionals retained by other parties in interest in this case to attempt to obtain approval of a consensual plan of reorganization for the Debtor. The firm will be paid at these hourly rates: Stephen Sather, Attorney $600 Other Attorneys $250 to $450 Support Staff $40 to $100 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $15,000 from the Debtor. Mr. Sather disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen Sather, Esq. Barron & Newburger P.C. 7320 N. Mopac Expressway, Ste. 400 Austin, TX 78731 Telephone: (512) 476-9103 Email: ssather@bn-lawyers.com About M & M Broadcasters Ltd. M & M Broadcasters, Ltd. operates seven radio stations in the Waco, Texas area. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-60165-mmp) on March 24, 2025. In the petition signed by Gary Moss, president of general partner, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Michael M. Parker oversees the case. Stephen W Sather, Esq., at Barron & Newburger, P.C., represents the Debtor as legal counsel. MAYFAIR-HABITAT: Seeks Subchapter V Bankruptcy in Illinois ---------------------------------------------------------- On April 24, 2025, The Mayfair-Habitat Group Incorporated filed Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About The Mayfair-Habitat Group Incorporated The Mayfair-Habitat Group Incorporated is a property management and real estate investment company based in Plainfield, Illinois. The Debtor's principal assets are located at 7337 S. South Shore Drive, Chicago, IL 60649, and consist of 31 parcels of land. The Mayfair-Habitat Group Incorporated sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-06308) on April 24, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Jacqueline P. Cox handles the case. The Debtor is represented by Paul M. Bach, Esq. at BACH LAW OFFICES. METATRON HEALTH: Court Extends Cash Collateral Access to June 8 --------------------------------------------------------------- Metatron Health, LLC received another extension from the U.S. Bankruptcy Court for the District of Oregon to use its secured creditors' cash collateral. The third interim order authorized the company to use $138,573.92 in cash collateral for the period from April 18 to June 8 to pay the expenses set forth in its budget. The cash collateral consists solely of revenue collected from patients in exchange for services. Secured creditors including the Internal Revenue Service and AbbVie, Inc. may claim a lien on the cash collateral. As protection, these secured creditors were granted replacement liens on assets of the company except avoidance or recovery actions under Chapter 5 of the Bankruptcy Code. About Metatron Health LLC Metatron Health LLC, doing business as Portland Regenerative Medicine, specializes in cutting-edge regenerative medicine and aesthetic treatments to enhance health and wellness. It offers services such as bioidentical hormone replacement therapy, sexual health treatments, pelvic health solutions, and advanced facial and body aesthetic procedures like Botox, fillers, CoolSculpting, and hair restoration. Metatron Health filed Chapter 11 petition (Bankr. D. Ore. Case No. 25-30533) on February 20, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge David W. Hercher handles the case. The Debtor is represented by: Nicholas J. Henderson, Esq. Elevate Law Group Tel: 503-417-0500 Email: nick@elevatelawpdx.com MID VALLEY NUT: Hires Bean Hunt Harris & Company as Accountant -------------------------------------------------------------- Mid Valley Nut Company Inc. asked the U.S. Bankruptcy Court for the Eastern District of California to hire Bean Hunt Harris & Company as accountant. The firm will provide assistance of a certified public accountant to prepare and file federal and state tax returns for its fiscal tax year ended June 30, 2024. The firm requires a retainer of $7,500. Bean Hunt Harris & Company is a disinterested person and neither represents nor holds any interest adverse to the Debtor, its estate, or the creditors, according to court filings. The firm can be reached through: David E. Harris, CPA, CTRS, CGMA Bean Hunt Harris & Company 620 W Cromwell Ave Suite 106 Fresno, CA 93711 Phone: (559) 221-5071 Fax: (559) 221 5075 Email: administrative@bhhcpas.com About Mid Valley Nut Company Inc. Creditors Karm Bains, JS Johal & Sons, Inc., Suneel Sharma filed involuntary Chapter 7 petition against Mid Valley Nut Company Inc. (Bankr. E.D. Calif. Case No. 24-90741) on November 30, 2024. The case was converted to one under Chapter 11 on February 18, 2025. Judge Ronald H. Sargis oversees the case. The petitioning creditors are represented by Ameet O'Rattan Sharma, Esq. at Omni Firms. Mid Valley Nut Company is represented by Binder Malter Harris & Rome-Banks, LLP. MID-KANSAS REAL: To Sell Kansas Property to B. Magdalen for $260K ----------------------------------------------------------------- Mid-Kansas Real Estate Holdings, LC, seeks approval from the U.S. Bankruptcy Court for the District of Kansas, to sell Private Property, free and clear of liens, interests, and encumbrances. The Debtor's Property legally described as Lot 1, Block 5, Chelsea Estate Addition, Wichita, Sedgwick County, Kansas and commonly referred to as 1944 N. Tallyrand St., Wichita, Kansas 67206. The Tallyrand Property is single-family home that the Debtor leased to residential tenants. The Debtor intends to sell all its right, title, and interest, free and clear of liens, encumbrances, and other claimed interests in the Tallyrand Property to Brayden Magdaleno and Jacob Dies, individually. The Debtor proposes to sell and Buyers agrees to purchase the Tallyrand Property which includes the real property, the improvements and all mechanical, electrical heating, ventilating, air-conditioning systems, equipment, lighting, plumbing equipment, and fixtures. The purchase price for the assets will be $260,000.00. Buyers have also agreed to pay all property taxes due on the Tallyrand Property through closing and to split the closing costs evenly with the Debtor. Despite the assets it is purchasing, Buyers are not purchasing all the assets of the Debtor's bankruptcy estate. Buyers are not purchasing any of the other pieces of real property not identified. Buyers are also not purchasing any personal property not otherwise associated with the Tallyrand Property. Finally, the Tallyrand Property is not currently leased, so the Buyers are not purchasing any leases. The Debtor hires brokers, Steven R. Myers and Brandon Hathaway of LPT Realty, LLC and Aimee Counce of ICT Realty LLC, to assist in the sale transaction. The Tallyrand Property will be sold to Buyers for cash or cash equivalent. The Tallyrand Property will be sold in its present condition with no express or implied warranties and Buyers will accept the Tallyrand Property in its present condition, as is. The Tallyrand Property will be conveyed by a Debtor-in-Possession Deed. The Debtor proposes to sell the Tallyrand Property to Buyers or to the any other qualified bidder that submits the highest or otherwise best offer before the hearing is held. KS StateBank and Sedgwick County, Kansas claim a lien on the property. About Mid-Kansas Real Estate Holdings, LC Mid-Kansas Real Estate Holdings, LC, is a lessor of real estate in Wichita, Kansas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 23-10709) on July 19, 2023, with $1 million to $10 million in both assets and liabilities. Rickey E. Hodge Jr., manager, signed the petition. Judge Mitchell L. Herren oversees the case. Nicholas R. Grillot, Esq., at Hinkle Law Firm LLC, represents the Debtor as bankruptcy counsel. MOM CA INVESTOR: Seeks to Hire Bayard P.A. as Bankruptcy Counsel ---------------------------------------------------------------- MOM CA Investor Group LLC and its affiliated debtors seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Bayard, P.A. as bankruptcy counsel. The firm's services include: a. assisting the Debtors with preparation of all applications, motions, answers, orders, reports, and other legal papers necessary to the administration of the Debtors' estates; b. negotiating, drafting, pursuing, and assisting the Debtors in their preparation of all documents, reports, and papers necessary for the administration of these Cases; c. providing legal advice with respect to the powers and duties of the Debtors as debtors in possession in these Cases in the continued operation of its business and management of its property; d. appearing in court and protecting the interests of the Debtors before the Court in its capacity as bankruptcy counsel; e. attending meetings and negotiating with representatives of creditors, the U.S. Trustee, and other parties in interest; f. performing all other legal services for the Debtors which may be necessary and proper in this proceeding including, but not limited to, advice in areas such as bankruptcy law, corporate law, corporate governance, employment, transactional, litigation, intellectual property, and other issues to the Debtors in connection with the Debtors' ongoing business operations. g. performing all other services as may be required or deemed necessary and in the best interests of the Debtors and their estates in these Cases. Bayard's personnel hourly rates are: Ericka F. Johnson $845 Steven D. Adler $575 Ashly Riches $445 Rebecca Hudson (paralegal) $375 Bayard received retainer payments totaling $100,000 from the Debtors. Ericka Fredricks Johnson, Esq. assures the Court that Bayard is s "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ericka Fredricks Johnson, Esq. Bayard, P.A. 222 Delaware Avenue, Suite 900 Wilmington, DE 19801 Tel: (302) 429-4224 Fax: (302) 658-6395 E-mail: ejohnson@bayardlaw.com About MOM CA Investor Group LLC MOM CA Investor Group LLC and its affiliated debtors directly own and manage a large real estate portfolio throughout Southern California using a network of special purpose entities. MOM CA Investor Group LLC and its affiliated debtors filed their voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-10510) on March 17, 2025, listing $50,000,001 to $100 million in assets and $10,000,001 to $50 million in liabilities. Ericka Fredricks Johnson, Esq. at Bayard P.A. represents the Debtor as counsel. MT. PLEASANT: Seeks to Hire Ciardi Ciardi & Astin as Counsel ------------------------------------------------------------ Mt. Pleasant Realty Co. LP seeks to hire the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Ciardi Ciardi & Astin as counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its power and duties; (b) prepare on behalf of the Debtor any necessary legal papers; (c) perform all other legal services for the Debtor which may be necessary; and (d) prepare and file a Plan of reorganization. The firm's counsel and staff will be paid at these hourly rates: Albert Ciardi, III, Attorney $575 Daniel Siedman, Attorney $450 Dorene Torres, Paralegal $100 Mr. Ciardi 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: Albert Ciardi, III, Esq. Ciardi Ciardi & Astin 1905 Spruce St. Philadelphia, PA 19103 Telephone: (215) 557-3550 Email: aciardi@ciardilaw.com About Mt. Pleasant Realty Co. LP Mt. Pleasant Realty Co. LP is a single asset real estate partnership that owns and manages commercial or residential property in Pennsylvania. Mt. Pleasant Realty Co. LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-11247) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Derek J. Baker handles the case. The Debtor is represented by Albert Anthony Ciardi, III, Esq. at Ciardi Ciardi & Astin. MT. PLEASANT: Taps Fletcher Heald & Hildreth as Special Counsel --------------------------------------------------------------- Mt. Pleasant Realty Co. LP seeks to hire the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Fletcher, Heald & Hildreth, PLC as special counsel. The Debtor requires a special counsel to seek approval of the Federal Communications Commissions of the applications for pro forma assignment of licenses and associated matters related to FCC requirements and policies. The firm will be paid at these hourly rates: Member Attorneys $550 - $675 Counsel $450 - $550 Associate Attorneys $375 - $425 Research Assistants/Paralegal $300 In addition, the firm will seek reimbursement for expenses incurred. Anne Goodwin Crump, Esq., an attorney at Fletcher, Heald & Hildreth, 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: Anne Goodwin Crump, Esq. Fletcher, Heald & Hildreth, PLC 1300 17th St. N 1100 Arlington, VA 22209 Telephone: (703) 812-0400 Email: crump@fhhlaw.com About Mt. Pleasant Realty Co. LP Mt. Pleasant Realty Co. LP is a single asset real estate partnership that owns and manages commercial or residential property in Pennsylvania. Mt. Pleasant Realty Co. LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-11247) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Derek J. Baker handles the case. The Debtor is represented by Albert Anthony Ciardi, III, Esq. at Ciardi Ciardi & Astin. NEW AGE: Seeks to Extend Plan Exclusivity to June 16 ---------------------------------------------------- New Age Leasing LLC, asked the U.S. Bankruptcy Court for the Northern District of Illinois to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 16 and August 16, 2025, respectively. The Debtor is in the trucking business. The Debtor owns a fleet of approximately 311 trucks which were purchased with loans from 16 various secured parties. The Debtor explains that it has worked diligently with the secured parties with respect to adequate protection payments. Several of the secured parties have filed claims in this case. However, there is currently no bar date set in this case. The Debtor is requesting by separate motion that a bar date be set for June 4, 2025. The Debtor asserts that it is preparing its Plan and Disclosure Statement. However, it would be helpful to finalize negotiations with the secured parties and have the bar date be set prior to finalizing the Plan and Disclosure Statement. New Age Leasing, LLC is represented by: Miriam Stein Granek Gutnicki LLP 4711 Golf Road, Suite 200 Skokie, IL 60076 Tel: (847) 745-6592 Email: mgranek@gutnicki.com About New Age Leasing New Age Leasing, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-18710) on December 16, 2024, listing under $1 million in both assets and liabilities. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Law Offices of David Freydin PC serves as the Debtor's counsel. NEW FOCUS: To Sell Vehicle to Carmax.com for $8,000 --------------------------------------------------- New Focus Mental Health Solutions LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, to sell 2014 vehicle, free and clear of liens, interests, and encumbrances. The Debtor is headquartered in Miami, Florida. The Debtor provides supportive services to individuals with ongoing depression and anxiety by providing a wide array of services to individuals through its network of independent contractors and targeted case managers. Such services include psycho social rehabilitation (assisting clients in gaining access to financial and insurance benefits, employment, medical, social, education, and functional services), and developing/implementing targeted service plans with the goal of enhancing the client's inclusion in the community. The Debtor owns the following 2014 Chevrolet Express G3500 vehicle (VIN: 1GAZG1FG5E1186626), which is not currently used nor is it required to operate its business. The Debtor seeks to sell the Vehicle as it currently remains unused and no longer provides a benefit to day-to-day operations of the Debtor and to diminish some of its current cash flow challenges by removing the Vehicle's monthly expenses. All the sale proceeds from the sale of the Vehicle will be used for the operations of the Debtor and the benefit of the estate. The Debtor's Manager has inquired Carmax.com about a potential offer to gauge the potential sale proceeds that could be generated from the sale of the Vehicle. In turn, Carmax provided a proposed offer of $8,000.00, valid through May 5, 2025. The Debtor proposes to sell the Vehicle free and clear of all liens, claims and encumbrances. About New Focus Mental Health Solutions LLC New Focus Mental Health is headquartered in Miami, Florida, which provides supportive services to individuals with ongoing depression and anxiety by providing a wide array of services to individuals through its network of independent contractors and targeted case managers. Such services include psychosocial rehabilitation (assisting clients in gaining access to financial and insurance benefits, employment, medical, social, education, and functional services), and developing/implementing targeted service plans with the goal of enhancing the client's inclusion in the community. New Focus Mental sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-13613-LMI) on April 1, 2025. Judge Laurel M. Isicoff presides over the case. Jacqueline Calderin, Esq., at AGENTIS PLLC represents the Debtor as legal counsel. NIKOLA CORP: Gets Enviro Credits Bid, Starts Truck Sale Process --------------------------------------------------------------- James Nani of Bloomberg Law reports that bankrupt EV maker Nikola Corp. has received a nearly $9 million opening bid from commercial truck manufacturer PACCAR Inc. for its environmental credits. The bid coincides with Nikola's efforts to offload a large portion of its remaining assets, including 103 hydrogen-electric heavy-duty trucks from 2023, valued at close to $47 million, according to Bloomberg Law. About Nikola Corp. Nikola Corporation manufactures commercial vehicles. The Company provides battery and hydrogen fuel-cell electric vehicles, drivetrains, components, energy storage systems, fueling station infrastructure, and other transportation solutions. Nikola serves customers worldwide. Nikola Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10258) on February 19, 2025. In its petition, the Debtor reports estimated assets between $500 million and $1 billion, with liabilities ranging from $1 billion to $10 billion. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by M. Blake Cleary, Esq. at Potter Anderson & Corroon LLP. NIKOLA CORP: STORE Master Funding Steps Down as Committee Member ---------------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing the resignation of STORE Master Funding XXXII, LLC from the official committee of unsecured creditors in the Chapter 11 cases of Nikola Corp. and its affiliates. The remaining members of the committee are: 1. Antara Capital LP Attn: Raph Posner 55 Hudson Yards 47th Floor, Suite C New York, NY 10001 Phone: 646-762-8580 Email: RPosner@AntaraCapital.com 2. Hexagon Purus GmbH Attn: Ashley Remillard 3335 Susan Street Costa Mesa, CA 926263 Phone: 949-396-7413 Email: Ashley.remillard@hexagongroup.com 3. duotec de Norteamérica S de RL de CV Attn: Eli Josafat Olivarez Chavez Blvd. Campestre 100 Parque Industrial Server Arteaga Coahuila, Mexico CP 25350 Phone: +52 844-2056695 Email: eli.olivarez@duotec.net 4. Fiedler Group Attn: Carolyn Contreras 299 N. Euclid Avenue, Suite 550 Pasadena, CA 91101 Phone: 213-381-3592 Email: carolyn.contreras@fiedlergroup.com 5. Aztek Technologies S.A. DE C.V. Attn: Juan Jose Ochoa Renteria Carretera Monterrey Garcia Km 3 AV FINSA 3203 Parque Industrial FINSA Santa Catarina, Nuevo Leon C.P. 66367 Mexico Phone: +81.80.48.04.00 Email:jochoa@aztektec.com 6. Proterra Powered LLC Attn: Ben Haydock and Jen Miller 1815 Rollins Road Burlingame, CA 94010 Email: bhaydock@proterra.com jmiller5@proterra.com About Nikola Corp. Nikola Corporation and affiliates specialize in the design and manufacture of zero-emissions commercial vehicles, including battery-electric and hydrogen fuel cell trucks. The companies operate in two business units: Truck and Energy. The Truck business unit is commercializing heavy-duty commercial hydrogen-electric (FCEV) and battery-electric (BEV) Class 8 trucks that provide environmentally friendly, cost-effective solutions to the short, medium and long-haul trucking sectors. The Energy business unit is developing hydrogen fueling infrastructure to support FCEV trucks covering supply, distribution and dispensing. Founded in 2015, Nikola is headquartered in Phoenix, Ariz. Nikola and nine of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-10258) on February 19, 2025. In the petitions, the Debtors reported total assets as of Jan. 31, 2025 of $878,094,000 and total debts as of Jan. 31, 2025 of $468,961,000. Honorable Bankruptcy Judge Thomas M. Horan handles the cases. Potter Anderson & Corroon LLP serves as general bankruptcy counsel to the Debtors, and Pillsbury Winthrop Shaw Pittman LLP serves as bankruptcy co-counsel. Houlihan Lokey Capital, Inc. acts as investment banker to the Debtors; M3 Advisory Partners LP acts as financial advisor to the Debtors; while EPIQ Corporate Restructuring LLC is the Debtors' claims and noticing agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Morrison & Foerster LLP and Morris James, LLP as legal counsels; Ducera Securities, LLC as investment banker; and FTI Consulting, Inc. as financial advisor. NORTHERN LIBERTIES: Leona Mogavero Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Leona Mogavero, Esq., at Zarwin Baum as Subchapter V trustee for Northern Liberties Early Childhood LLC. Ms. Mogavero will be paid an hourly fee of $425 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mogavero declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leona Mogavero, Esq. Zarwin Baum One Commerce Square 2005 Market Street, 16th Floor Philadelphia, PA 19103 Phone: (267) 765-9630 Email: lmogavero@zarwin.com About Northern Liberties Early Childhood Northern Liberties Early Childhood, LLC is a Philadelphia-based child day care services provider. It operates as Liberty Learning Center II. Northern Liberties Early Childhood filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-11173) on March 27, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $50,000 and $100,000 in liabilities. Judge Derek J. Baker handles the case. The Debtor is represented by Robert J. Dupass, Esq. NORTHVOLT AB: Scania Refuses to Buy Skelleftea Plant ---------------------------------------------------- Rafaela Lindeberg of Bloomberg News reports that Scania has no intention of acquiring Northvolt's Skelleftea facility from the bankruptcy estate, CEO Christian Levin told Dagens Industri in a recent interview. Levin reiterated that Scania sees itself strictly as a customer of Northvolt. He had previously stated during an earnings call that the company hopes a new buyer will take over both the Skelleftea plant and Northvolt Labs in Västeras, according to Bloomberg News. About Northvolt AB Northvolt AB was established in 2016 in Stockholm, Sweden. Pioneering a sustainable model for battery manufacturing, the company has received orders from several leading automotive companies. The company is currently delivering batteries from its first gigafactory, Northvolt Ett, in Skelleftea, Sweden and from its R&D and industrialization campus, Northvolt Labs, in Vasteras, Sweden. On Nov. 21, 2024, Northvolt AB and eight affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-90577). The cases are before the Honorable Alfredo R. Perez. Northvolt is being advised by Teneo as its restructuring and communications advisor. Kirkland & Ellis LLP, A&O Shearman and Mannheimer Swartling Advokatbyra AB are serving as legal counsel. The company has also engaged Rothschild & Co to run its marketing process. Stretto is the claims agent. OMRAADHI LLC: Seeks to Hire Joyce W. Lindauer as Bankruptcy Counsel ------------------------------------------------------------------- Omraadhi LLC d/b/a Econo Lodge Inn & Suites seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Joyce W. Lindauer Attorney, PLLC to handle its Chapter 11 case. The firm will be paid at these rates: Joyce W. Lindauer $595 per hour Paul B. Geilich $525 per hour Laurance Boyd $295 per hour Dian Gwinnup $250 per hour The firm received from the Debtor a retainer of $22,250. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Joyce W. Lindauer, Esq., a partner at Joyce W. Lindauer Attorney, PLLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joyce W. Lindauer, Esq. Joyce W. Lindauer Attorney, PLLC 1412 Main Street, Suite 500 Dallas, TX 75202 Tel: (972) 503 4033 Fax: (972) 503-4034 About Omraadhi LLC Omraadhi LLC owns and operates the Econo Lodge Inn & Suites in San Antonio, TX, offering affordable lodging accommodations and rental services for travelers visiting the city. Omraadhi LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-50704) on March 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor is represented by Joyce W. Lindauer, Esq. at JOYCE W. LINDAUER ATTORNEY, PLLC. OPTIV PARENT: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative ------------------------------------------------------------------- Moody's Ratings downgraded the credit ratings of Optiv Parent Inc. (Optiv), including the Corporate Family Rating to Caa2 from B3, the Probability of Default Rating to Caa2-PD from B3-PD, the Senior Secured First Lien Term Loan rating to Caa2 from B3, and the Senior Secured Second Lien Term Loan rating to Ca from Caa2. The outlook changed to negative from stable. The downgrade reflects the increase in financial leverage in the last 12 months, even when including pro forma savings from recent cost actions, and expectations that leverage will remain elevated in the near term, along with negative free cash flow, especially when considering that a portion of the interest is Payment-in-Kind (PIK). The negative outlook reflects the upcoming maturity of the company's senior secured first lien term loan, about 14 months from now, and the more difficult refinancing prospects given market dynamics, financial leverage, and exposure to cyclical IT consulting revenue. RATINGS RATIONALE The Caa2 CFR reflects very elevated financial leverage of about 16x at December 31, 2024, or about 11x pro forma for cost actions taken towards the end of 2024 and early in 2025. While Moody's expects debt-to-EBITDA to improve in FY 2025, it will remain elevated, and likely above 10x. The credit profile also includes low margins, particularly when measuring revenue on a gross basis for re-sale of technology products, and exposure to cyclical consulting revenue. Macroeconomic pressures that can often result in cutbacks in more discretionary IT consulting spend make projections for companies like Optiv less certain, especially amidst the current macroeconomic environment, in which tariffs and federal government cuts can lead corporate customers to reductions in spend. Free cash flow is expected to be modestly negative, but that excludes about $50 million in Payment-In-Kind (PIK) interest payments on the company's senior secured second lien term loan. Hence, all-in EBITDA coverage of interest expense is below 1x. The senior secured first lien term loan becomes current in August 2025, which poses refinancing risks in the current economic climate. These factors are balanced by Optiv's leadership position as one of the largest value-added resellers (VAR) of security software and hardware with broad engineering coverage in the US. Also, Optiv benefits from positive overall trends in the cybersecurity industry, which is expected to grow in the double digit range in the near term. Also, under relatively stable operating conditions, Optiv has the potential to expand revenue in FY 2025 given that salesforce turnover has improved markedly, and the company has made progress in commercial opportunities within the federal government. Governance was a rating driver and includes the company's elevated leverage and concentrated ownership structure amidst near term maturities, which may result in actions that favor shareholders over creditors. Liquidity is weak given expectations of negative free cash flow in FY 2025, even when excluding PIK interest, amidst a shaky macroeconomic environment that could result in lower earnings than expected. The company had about $21 million of cash and $224 million in ABL revolver availability at December 31, 2024. The revolver becomes current in May 2025 and the term loan in August 2025, providing pressure to the liquidity position given the need to refinance in an uncertain macroeconomic environment. There are no financial maintenance covenants on the term loans. STRUCTURAL CONSIDERATIONS The Caa2 rating on the senior secured first lien term loan is the same as the Corporate Family Rating (CFR) and reflects the facility's size and junior position to the $300 million ABL revolver (unrated) with respect to the ABL collateral, as well as the senior position to the second lien term loan (with $330 million outstanding as of December 31, 2024, but expected to increase with PIK interest). The Ca rating assigned to the senior secured second lien term loan, two notches below the CFR, incorporates the debt's junior most position in the capital structure. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded with debt-to-EBITDA below 10x, a refinancing of ABL and term loans with extended maturities, net revenue growth with continued margin expansion, and a path to positive free cash flow generation, inclusive of PIK interest. The ratings could be downgraded if the liquidity position deteriorates and the prospects for refinancing the company's debt facilities appear unlikely. Optiv Parent Inc. is a value-added-reseller of cybersecurity technology and provider of cybersecurity services. The company, headquartered in Denver, CO, had net revenue of about $642 million and gross revenue of $3.7 billion for the fiscal year ended December 31, 2024. The company was acquired by private equity firm KKR in 2017. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. ORIGINAL MOWBRAY'S: Examiner Taps Ringstad & Sanders as Counsel --------------------------------------------------------------- Donald T. Fife, the appointed examiner of The Original Mowbray's Tree Service Inc., asked the U.S. Bankruptcy Court for the Central District of California to hire Ringstad & Sanders LLP as his counsel. The firm will assist in fulfilling the Court's mandate regarding the investigation and preparation of a report regarding the following: a. allegations in the Motion, along with the Oppositions, the Replies, and Joinder to the Motion concerning the transactions between the Debtor and the Affiliates, including the veracity of such allegations, the existence of possible avoidance actions held by the Debtor's estate related thereto, and the practical advisability of bringing such avoidance actions; b. allegations concerning substantive consolidation in the Motion, along with the Oppositions, the Replies, and Joinder to the Motion; c. whether, post-petition, the Debtor's current management structure is operating solely in the interest of the Debtor's estate and not unduly benefitting the Affiliates; and d. use of the vehicles and equipment leased or financed by the Debtor, including the vehicles subject to agreements with Pathward, N.A., as between the Debtor and the Affiliates or any third parties. The firm will be paid at these rates: Attorneys 2025 Rates Todd C. Ringstad $725 per hour Nanette D. Sanders $725 per hour Karen Sue Naylor $625 per hour Paralegals Becky Metzner $195 per hour Arlene Martin $150 per hour Karen Sue Naylor, a member of the law firm of Ringstad & Sanders LLP, is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Todd C. Ringstad, Esq. Karen Sue Naylor, Esq. RINGSTAD & SANDERS LLP 4910 Birch Street, Suite 120 Newport Beach, CA 92660 Telephone: (949) 851-7450 Facsimile: (949) 851-6926 Email: todd@ringstadlaw.com Email: karen@ringstadlaw.com About The Original Mowbray's Tree Service Original Mowbray's Tree Service Inc., doing business as Mowbray's Tree Service, is a family owned and operated business committed to providing its client-partners with solution to their vegetation management needs. It offers hazard tree mitigation, integrated vegetation management, mechanized tree removal, emergency response, crane services, and green waste & debris management. Original Mowbray's Tree Service sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-12674) on Oct. 18, 2024, with $10 million to $50 million in both assets and liabilities. Brian Weiss, chief restructuring officer, signed the petition. Judge Theodor Albert oversees the case. The Debtor tapped Raines Feldman Littrell, LLP as general bankruptcy counsel; Force Ten Partners, LLC as restructuring advisor; and Grobstein Teeple, LLP as financial advisor. PNC Bank, as secured creditor, is represented by: Michael B. Lubic, Esq. K&L Gates, LLP 10100 Santa Monica Blvd., 8th Floor Los Angeles, CA 90067 Tel: (310) 552-5000 Fax: (310) 552-5030 Email: michael.lubic@klgates.com PENDY'S RESTAURANT: Charles Mouranie Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Charles Mouranie of CMM & Associates as Subchapter V trustee for Pendy's Restaurant Group, LLC. Mr. Mouranie 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. Mouranie declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles M. Mouranie CTP CMM & Associates 43313 Woodward Ave., Ste. 1189 Phone: 248.767.9492 Email: cmouranie@cmmengllc.com About Pendy's Restaurant Group Pendy's Restaurant Group, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-43017) on March 26, 2025, listing between $100,001 and $500,000 in both assets and liabilities. Judge Paul R. Hage oversees the case. Lynn M. Brimer, Esq., at Strobl PLLC represents the Debtor as legal counsel. PEOPLE FIRST: Mark Sharf Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a practicing attorney in Los Angeles, as Subchapter V trustee for People First Pizza, Inc. Mr. Sharf will charge $660 per hour for his services as Subchapter V trustee and $150 per hour for his trustee administrator's services. In addition, the Subchapter V trustee will seek reimbursement for work-related expenses incurred. Mr. Sharf declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark Sharf, Esq. 6080 Center Drive, 6th Floor Los Angeles, CA 90045 Telephone: (323) 612-0202 Email: mark@sharflaw.com About People First Pizza Inc. People First Pizza, Inc. owns Domino's Pizza franchises in multiple locations and filed for bankruptcy due to MCA loans, a PAGA lawsuit from a former employee, and other liabilities. People First Pizza sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-10764) on March 26, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Cindy Gagliardi, president of People First Pizza, signed the petition. Judge Theodor Albert oversees the case. Richard Sturdevant, Esq., at Financial Relief Law Center, APC, represents the Debtor as bankruptcy counsel. PERFORMANCE MOBILE: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Performance Mobile Care, LLC received final approval from the U.S. Bankruptcy Court for the District of Colorado to use cash collateral. The company needs to use cash collateral, including cash and accounts receivable, to fund its ongoing operations, which include monthly payroll obligations of $78,000 and other operating expenses. As protection, the U.S. Small Business Administration was granted a replacement lien on all post-petition cash and accounts receivable. SBA holds a perfected security interest in the company's tangible and personal property, including accounts receivable, valued at $156,801, due to a COVID EIDL loan agreement entered in June 2020. The company's main asset is its accounts receivable, with an estimated value of $140,000 (due to past-due amounts). About Performance Mobile Care Performance Mobile Care, LLC is a vehicle detailing company specializing in providing mobile detailing services for trucks. Performance Mobile Care LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-11281) on March 13, 2025. In its petition, the Debtor reported assets between $100,000 and $500,000 and liabilities between $1 million and $10 million. Judge Kimberley H. Tyson handles the case. The Debtor is represented by Jeffrey A. Weinman, Esq., at Allen Vellone Wolf Helfrich & Factor P.C. PREMIER PEDIATRICS: Michael Thomson Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 11 appointed Michael Thomson as Subchapter V trustee for Premier Pediatrics, LC. Mr. Thomson will be paid an hourly fee of $465 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Thomson declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Michael F. Thomson 222 South Main Street, Suite 1730 Salt Lake City, UT 84101 801-478-6917 Email: thomsonm@gtlaw.com About Premier Pediatrics LC Premier Pediatrics, LC operates a pediatric medical office in Southern Utah. Premier Pediatrics filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Utah Case No. 25-21548) on March 26, 2025, listing up to $50,000 in assets and up to $500,000 in liabilities. Robert K. Dowse, managing member, signed the petition. Judge William T. Thurman oversees the case. Geoffrey L. Chesnut, Esq., at Red Rock Legal Services, PLLC, represents the Debtor as bankruptcy counsel. R&R TRAILERS: Gets OK to Hire Kruggel Lawton CPAs as Accountant --------------------------------------------------------------- R&R Trailers, Inc. received approval from the U.S. Bankruptcy Court for the Western District of Michigan to employ Kruggel Lawton CPAs as accountant. The firm will render these services: (a) file the Debtor's federal and state corporate income tax returns when necessary; (b) prepare financial projections; (c) provide financial consulting, advice, research, planning and analysis services regarding tax compliance and tax consulting services; and (d) prepare operating reports, quarterly reports, and financial documents. The hourly rates of the firm's professionals are as follows: Adam Schwelnus $350 Other Staff $160 - $180 Adam Schwelnus, CPA, a partner at Kruggel Lawton CPAs, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Adam C. Schwelnus, CPA Kruggel Lawton CPAs 210 S. Michigan Street, Suite 200 South Bend, IN 46601 Telephone: (574) 289-4011 Facsimile: (574) 289-4087 Email: aschwelnus@klcpas.com About R & R Trailers Inc. R & R Trailers, Inc. specializes in manufacturing American-made aluminum trailers for a variety of uses, including hauling cars, cargo, and recreational vehicles. Their trailers offer exceptional performance, reliability, and versatility, providing safe and efficient transportation for both work and leisure needs. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mich. Case No. 25-00318) on February 7, 2025. In the petition signed by Ross M. Daniels, shareholder and vice-president, the Debtor disclosed $276,910 in assets and $1,351,582 in liabilities. Judge Scott W. Dales oversees the case. Steven M. Bylenga, Esq., at CBH ATTORNEYS & COUNSELORS, PLLC, represent the Debtor as legal counsel. RADIX HAWK: Taps Philip von Kahle of Michael Moecker as CRO ----------------------------------------------------------- Radix Hawk Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Michael Moecker & Associates to provide restructuring advisor services and designate Philip von Kahle as chief restructuring officer. The firm will provide these services: a. assume financial and operational control of the Debtor; b. Philip Von Kahle, Jr., CPA will be appointed as the Company's Chief Restructuring Officer; c. Philip Von Kahle will be provided with unfettered access to all of the Company's books, records and financial information for him to assess the solvency of the Company, to be fully briefed by outside counsel for the Company concerning their investigation and other matters associated with the defaulted loan; d. work closely with the Debtor and counsel for the Debtor to implement its chapter 11 bankruptcy filing, with Philip Von Kahle serving as the primary point of contact for the Debtor, the Court, and other interested parties to the extent a corporate representative is necessary; e. assume other responsibilities in connection with the foregoing, with wide latitude with respect to what needs to be done for the Debtor from a financial standpoint in fulfillment of his role and title as "Chief Restructuring Officer." f. assist the Debtor with investigating and reconstructing financial information to be used in connection with the Debtor's chapter 11 bankruptcy case; g. work with the Debtor's accounting staff to assist with the preparation of the initial chapter 11 filing documents required by bankruptcy counsel; h. review all cash receipts and disbursement transactions for potential fraudulent transfer transactions as the term is defined under the bankruptcy code, and actual fraud; i. work with the Debtor's staff to assist with the proper set up of pre and post filing accounts payable and other unsecured and secured creditor balance at the date of filing; j. assist with the preparation of Monthly Operating Reports to the court (MOR) while in bankruptcy for subsequent filing by bankruptcy counsel; k. work with the Debtor and bankruptcy counsel in the development of either a plan of reorganization or a plan of sale for the Debtor; l. provide other services as may be requested by the Debtor or its counsel. The firm will be paid at these rates: Philip von Kahle, CRO $450 per hour Associates $220 per hour Clerical work $100 per hour The firm received an initial retainer in the amount of $40,000. Mr. Kahle and his firm are "disinterested" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Philip von Kahle Michael Moecker & Associates, Inc. 1883 Marina Mile Blvd, Ste 106 Fort Lauderdale, FL 33315 Phone: (954) 252-1560 About Radix Hawk Holdings LLC Radix Hawk Holdings LLC is a real estate holding company primarily owning hotel and motel complexes located at 5859 American Way, Orlando, FL 32819. Radix Hawk Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01631) on March 24, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Lori V. Vaughan handles the case. The Debtor is represented by Craig I. Kelley, Esq. of KELLEY KAPLAN & ELLER, PLLC. REDDIRT ROAD: Hires Professional Management Systems as Accountant ----------------------------------------------------------------- Reddirt Road Partners, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to hire Georgia Evans of Professional Management Systems, Inc. as accountant. Ms. Evans will provide tax advice, forensic accounting, and accounting/bookkeeping services to the Debtor. Ms. Evans will charge an hourly rate of $85 for services performed for Debtor. Ms. Evans assured the court that she is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Georgia Evans Professional Management Systems, Inc. 4590 Coach Lane Chipley, FL 32428 Tel: (850) 441-2000 About Reddirt Road Partners Reddirt Road Partners, LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-50049) on March 12, 2025, listing between $500,001 and $1 million in both assets and liabilities. Judge Karen K. Specie oversees the case. Byron Wright, III, Esq., at Bruner Wright, P.A. represents the Debtor as legal counsel. RIVAL COMMERCIAL: Seeks to Hire Bond Law as Bankruptcy Counsel -------------------------------------------------------------- Rival Commercial RE LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Arkansas to hire Bond Law Office to handle its Chapter 11 case. The firm will be paid at its hourly rates: Stanley Bond, Lead Counsel $375 per hour Kathryn Worlow, Associate $250 per hour Paraprofessional $125 per hour The firm received a retainer of $13,262 plus filing fee of $1,738 from the Debtor. Mr. Bond 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: Stanley V. Bond, Esq. Bond Law Office P.O. Box 1893 Fayetteville, AR 72702 Telephone: (479) 444-0255 Facsimile: (479) 235-2827 Email: attybond@me.com About Rival Commercial RE LLC Rival Commercial RE LLC, operating under the trade name Rival Construction LLC, is a commercial real estate development firm based in Fort Smith, Arkansas. The Company is notably recognized for its work on The Barracks at Chaffee, a mixed-use retail and residential development situated in the Chaffee Crossing Entertainment District. Rival Commercial RE LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 25-70623) on April 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Bianca M. Rucker handles the case. The Debtor is represented by Stanley V. Bond, Esq. at BOND LAW OFFICE. SAIPRASAD LLC: Taps Joyce W. Lindauer as Bankruptcy Counsel ----------------------------------------------------------- Saiprasad LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Joyce W. Lindauer Attorney, PLLC to handle its Chapter 11 case. The firm will be paid at these rates: Joyce W. Lindauer $595 per hour Paul B. Geilich $525 per hour Laurance Boyd $295 per hour Dian Gwinnup $250 per hour The firm received from the Debtor a retainer of $22,250. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Joyce W. Lindauer, Esq., a partner at Joyce W. Lindauer Attorney, PLLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joyce W. Lindauer, Esq. Joyce W. Lindauer Attorney, PLLC 1412 Main Street, Suite 500 Dallas, TX 75202 Tel: (972) 503 4033 Fax: (972) 503-4034 About Saiprasad LLC Saiprasad LLC is a hospitality company that owns and operates the Lotus Inn (Fireside Inn), a budget-friendly motel located in San Antonio, Texas. Saiprasad LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-50705) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor is represented by Joyce W. Lindauer, Esq. at JOYCE W. LINDAUER ATTORNEY, PLLC. SAMYS OC: Plan Exclusivity Period Extended to June 12 ----------------------------------------------------- Judge Mitchell Herren of the U.S. Bankruptcy Court for the District of Kansas extended Samys OC, LLC's ("SOCL") exclusive period to file a plan of reorganization and disclosure statement to June 12, 2025. As shared by Troubled Company Reporter, the Debtor claims that this Case is a complex bankruptcy case. SOCL's scheduled debt exceeds $10,000,000.00 with a majority of that debt being listed as secured. There are also four different restaurants operating with numerous employees. The financial aspects of that operations will take some time to work through various issues involved with SOCL's attempt at reorganization. Additionally, the prepetition litigation between the two members of SOCL, Amro M. Samy and Cairo of Western Kansas, LLC will impact the nature and extent of any claim Cairo might maintain in this Case, along with SOII's and AWC's cases. The prepetition litigation was removed to the United District Court for the District of Kansas in December 2024, but was only referred to the Bankruptcy Court in early February 2025. So it will take some time for that underlying litigation to proceed. The Debtor anticipates its reorganization plan will include (a) the contribution of equity into a reorganized SOCL, or (b) the sale of all SOCL's assets to a new company for sufficient cash to pay the administrative expenses of SOCL's bankruptcy case and allow for a distribution to SOCL's general unsecured claims, along with the assumption of reorganized debt obligations the new company intends to pay over time. These are complex bankruptcy reorganization concepts, which require extension negotiations with each option and with SOCL's creditors who are most directly impacted by each of these different courses of action. The Debtor states that it begun conducting a comprehensive review and analysis of the claims to identify particular categories of proofs of claim that may be targeted for disallowance and expungement, reduction and allowance, or reclassification. Termination of the Exclusive Periods would cause the possibility of competing plans and a contentious confirmation process resulting in increased administrative expenses and, diminishing returns to SOCL's creditors. 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. The Debtor is represented by: Lora J Smith, Esq. Hinkle Law Firm Tel: 316-267-2000 Email: lsmith@hinklaw.com Nicholas R Grillot Hinkle Law Firm, L.L.C. Tel: 316-267-2000 Email: ngrillot@hinklaw.com SCANROCK OIL & GAS: Genecov Group Appointed as Committee Member --------------------------------------------------------------- The U.S. Trustee for Region 6 appointed The Genecov Group, Inc. as new member of the official committee of unsecured creditors in the Chapter 11 cases of Scanrock Oil & Gas, Inc. and its affiliates. The committee is now composed of: 1. K2 Oilfield Supply 4305 N. FM 820 Coahoma, TX 79511 Representative: Isaac King iking@k2oe.com 2. Arcadia Oilfield Supply P.O. Box 89 Arcadia, LA 71001 Representative: Lesa Vallery lesa.vallery@arcadiaoilfieldsupply.com 3. Travis Farley 2500 McKinney Ave. #1104 Dallas, TX 75201 Representative: Travis Farley tf2108@att.net 4. Halliburton Energy Services Inc. 3000 N Sam Houston Pkwy E Houston, TX 77032-3219 Representative: Jessica Hannaman Huey Jessica.hannaman@halliburton.com 5. The Genecov Group, Inc. 1350 Dominion Plaza Tyler, TX 75703 Representative: Joe Freeman joe@genecov.com About Scanrock Oil & Gas Inc. Scanrock Oil & Gas Inc. operates an integrated oil and gas exploration and production platform. Scanrock Oil & Gas Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-90001) on February 3, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Thomas Daniel Berghman, Esq. at Munsch Hardt Kopf & Harr PC. The U.S. Trustee for Region 6 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. SCENIC CITY: Seeks to Hire W. Thomas Bible Jr. as Legal Counsel --------------------------------------------------------------- Scenic City Boot Camp, LLC, and Kevin and Kristen Harvey seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to hire Law Office of W. Thomas Bible, Jr. d/b/a Tom Bible Law to represent them as counsel. The firm will render these services: a. advise the applicants as to their rights, duties, and powers as debtors-in-possession; b. investigate and if necessary, institute legal action on behalf of the Debtors to collect and recover assets of the estate of the Debtors; c. prepare and file the statements, schedules, plans, and other documents and pleadings necessary to be filed by the applicants in this case; d. assist and counsel the Debtors in the preparation, presentation and confirmation of their disclosure statement and plan of reorganization; e. represent the Debtors at all hearings, meetings of creditors, conferences, trials, and other proceedings in this case; and f. perform such other legal services as may be necessary in connection with this case. The firm received a retainer in the amount of $11,738. W. Thomas Bible, Jr, Esq., an attorney at Law Office of W. Thomas Bible, Jr., disclosed in a court filing that his firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: W. Thomas Bible, Jr., Esq. LAW OFFICE OF W. THOMAS BIBLE, JR. D/B/A TOM BIBLE LAW 6918 Shallowford Road, Suite 100 Chattanooga, TN 37421 Phone: (423) 424-3116 Fax: (423) 553-0639 Email: tom@tombiblelaw.com About Scenic City Boot Camp LLC Scenic City Boot Camp, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 1:25-bk-10863-NWW) on April 4, 2025. In the petition signed by Kevin Harvey, president, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Nicholas W. Whittenburg oversees the case. W. Thomas Bible, Jr., Esq., at Tom Bible Law, represents the Debtor as legal counsel. SHILOH HOMECARE: Seeks to Hire Brown Plus as Accountant ------------------------------------------------------- Shiloh Homecare Corporation seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire Ashley Hershey, CPA and Brown Plus as accountant. The Debtor will need the services of an accountant to represent it with respect to all accounting matters relating to the Chapter 11 proceedings, especially preparation of Monthly Operating Reports. The firm will be paid at these hourly rates: Ashley Hershey, CPA $400 Collins Lethbridge, Tax Manager $308 Kyle Bennett, Tax Senior Associate $226 Jessica Elder, Outsourced Accounting Associate $155 Brown Plus represents no other entity in connection with this case, is a disinterested party as that term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Ashley Hershey, CPA Brown Plus 195 Stock Street, Suite 311 Hanover, PA 17331 Telephone: (717) 637-7300 Facsimile: (717) 632-5141 About Shiloh Homecare Corporation Shiloh Homecare Corporation operates as ComForCare Home Care in York, Pa., and provides in-home healthcare services including personal care, dementia care, and private duty nursing. It serves multiple communities throughout the region. Shiloh Homecare Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-00122) on January 17, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Henry W. Van Eck handles the case. The Debtor is represented by Lawrence V. Young, Esq. at CGA Law Firm. CIBC Bank USA, as lender, is represented by Justin L. McCall, Esq. at McGrath McCall, PC. TALLULAH'S TAQUERIA: Taps McLaughlinQuinn LLC as Legal Counsel -------------------------------------------------------------- Tallulah's Taqueria LLC seeks approval from the U.S. Bankruptcy Court for the District of Rhode Island to hire McLaughlinQuinn LLC as its counsel. The firm will provide these services: a. give the Debtor advice with respect to its powers and duties in the continued operation of its business, management of its property and reorganization; b. advise the Debtor with respect to any plan Chapter 11 proposed by the Debtor and any other matters relevant to the formulation and negotiation of a plan in its Chapter 11 case; c. represent the Debtor at hearings; d. prepare legal papers; e. review and analyze the nature and validity of any liens asserted against the Debtor's property and advise the Debtor concerning the enforceability of such liens; f. advise the Debtor regarding its ability to initiate actions to collect and recover property; g. advise and assist the Debtor in connection with any potential property dispositions: h. advise the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructurings and characterizations; i. review and analyze various claims of the Debtor's creditors and the treatment of such claims and prepare, file or prosecute any objections thereto; j. commence and conduct litigation to assert rights held by the Debtor, protect assets of its Chapter 11 estates or otherwise further the goal of completing its successful reorganization other than with respect to matters to which it retains special counsel; and k. generally perform all other legal services required of the Debtor, which may be necessary in the furtherance of its Chapter 11 proceedings. The firm will be paid at these rates: Thomas P. Quinn, Esq, Partner $550 per hour Paralegal $175 per hour The Debtor paid the firm $40,000 as a retainer for post-petition legal services. Thomas P. Quinn, Esq., a partner at McLaughlinQuinn 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 through: Thomas P. Quinn, Esq. MCLAUGHLINQUINN LLC 148 West River Street, Suite 1E Providence, RI 02904 Tel: (401) 421-5115 Fax: (401) 421-5141 Email: tquinn@mclaughlinquinn.com About Tallulah's Taqueria LLC Tallulah's Taqueria LLC, located in Providence, RI, offers a selection of authentic Mexican dishes, including tacos, burritos, and bowls, with a focus on fresh, high-quality ingredients. With a commitment to community and hospitality, the taqueria operates in multiple locations, including outdoor seating and a seasonal spot in Jamestown. Tallulah's Taqueria LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. R.I. Case No. 25-10270) on April 7, 2025. In its petition, the Debtor reports estimated assets between $50,000 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Diane Finkle handles the case. The Debtor is represented by Thomas P. Quinn, Esq. at McLAUGHLINQUINN LLC. TOG HOTELS: Hearing Today on Bid to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas is set to hold a hearing today to consider another extension of Tog Hotels Downtown Dallas, LLC's authority to use cash collateral. The court's most recent order issued on April 18 allowed the company to use the cash collateral of its lender, Wilmington Trust, National Association, to pay its expenses on an interim basis. The April 18 order granted the lender a replacement lien on its pre-bankruptcy collateral and on property acquired by Tog Hotels after its Chapter 11 filing. The lender's cash collateral consists of cash held by Tog Hotels in a deposit account at Wells Fargo Bank, National Association. All rents from the Crowne Plaza Dallas Downtown hotel, which is operated by the company, were deposited into the account. About TOG Hotels Downtown TOG Hotels Downtown, LLC operates the Crowne Plaza Dallas Downtown hotel, located at 1015 Elm Street in Dallas, Texas. TOG Hotels Downtown filed Chapter 11 petition (Bankr. N.D. Texas Case No. 25-30600) on February 20, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge Scott W. Everett handles the case. The Debtor is represented by: Joyce W. Lindauer, Esq. Joyce W. Lindauer Attorney, PLLC Tel: 972-503-4033 Email: joyce@joycelindauer.com TR WELDING: Seeks to Hire Foley Freeman as Bankruptcy Counsel ------------------------------------------------------------- TR Welding, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Idaho to hire Foley Freeman, PLLC as counsel. The firm will render these services: a. give legal advice with respect to his powers and duties in the affairs of the business and management; and b. file a Plan and other documents or help in the preparation of the same and to negotiate and secure approval of a Chapter 11 Plan and to file such other Motions, attended hearings relating to the Chapter 11 proceedings. The firm will be paid at these rates: Partner $400 per hour Associate $300 per hour Legal Assistant $100 per hour Patrick J. Geile, Esq., attests that he and his firm do not represent any other entity in connection with this case, are disinterested as that term is defined in 11 U.S.C. Sec. 101(14), and represent or hold no interest adverse to the interest of the estate with respect to the matters on which they are to be employed. The counsel can be reached through: Patrick J. Geile, Esq. FOLEY FREEMAN, PLLC 953 S. Industry Way Meridian, ID 83680 Tel: (208) 888-9111 Fax: (208) 888-5130 E-mail: pgeile@foleyfreeman.com About TR Welding Inc. TR Welding, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Case No. 25-40224-NGH) on April 11, 2025. In the petition signed by Todd Robinson, owner, the Debtor disclosed up to $1 million in both assets and liabilities. Judge Noah G. Hillen oversees the case. Patrick J. Geile, Esq., at Foley Freeman, PLLC, represents the Debtor as legal counsel. TREESAP FARMS: Committee Taps McDermott Will as Legal Counsel ------------------------------------------------------------- The official committee of unsecured creditors of Treesap Farms, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ McDermott Will & Emery LLP as its counsel. The firm will render these services: a) advise the Committee with respect to its rights, powers, and duties in the Chapter 11 Cases; b) participate in in-person and telephonic meetings of the Committee and subcommittees formed thereby, if any; c) assist and advise the Committee in its meetings and negotiations with the Debtors and other parties in interest regarding the Chapter 11 Cases; d) assist the Committee in analyzing claims asserted against, and interests in, the Debtors, and in negotiating with the holders of such claims and interests and bringing, or participating in, objections or estimation proceedings with respect to such claims and interests; e) assist the Committee in analyzing the Debtors' assets and liabilities, including in its review of the Debtors' Schedules of Assets and Liabilities, Statements of Financial Affairs, and other reports prepared by the Debtors, investigating the extent and validity of liens and participating in and reviewing any proposed transfer, sale, or disposition of the Debtors' assets, financing arrangements, and cash collateral stipulations or proceedings; f) assist the Committee in its investigation of the acts, conduct, assets, liabilities, management, and financial condition of the Debtors, the Debtors' historic and ongoing operations of their businesses, and the desirability of the continuation of any portion of those operations, and any other matters relevant to the Chapter 11 Cases; g) assist the Committee in its analysis of, and negotiations with the Debtors or any third party related to, financing, asset disposition transactions, and compromises of controversies, reviewing and determining the Debtors' rights and obligations under leases and executory contracts, and assisting, advising, and representing the Committee in any manner relevant to the assumption and rejection of executory contracts and unexpired leases; h) assist the Committee in its analysis of, and negotiations with, the Debtors or any third party related to, the formulation, confirmation, and implementation of a chapter 11 plan(s) and all documentation related thereto (including the disclosure statement); i) assist, advise, and represent the Committee in understanding its powers and duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Committee; j) assist and advise the Committee with respect to communications with the general creditor body regarding significant matters in the Chapter 11 Cases; k) respond to inquiries from individual creditors as to the status of, and developments in, the Chapter 11 Cases; l) represent the Committee at hearings and other proceedings before the Court and other courts or tribunals, as appropriate; m) review and analyze complaints, motions, applications, orders, and other pleadings filed with the Court, and advise the Committee with respect to formulating positions with respect, and filing responses, thereto; n) assist the Committee in its review and analysis of, and negotiations with the Debtors and their non-Debtor affiliates related to intercompany claims and transactions; o) review and analyze third-party analyses and reports prepared in connection with the Debtors' potential claims and causes of action, advise the Committee with respect to formulating positions thereon, and perform such other diligence and independent analysis as may be requested by the Committee; p) advise the Committee with respect to applicable federal and state regulatory issues, as such issues may arise in the Chapter 11 Cases; q) assist the Committee in preparing pleadings and applications, and pursuing or participating in adversary proceedings, contested matters, and administrative proceedings as may be necessary or appropriate in furtherance of the Committee's duties; r) take all necessary or appropriate actions as may be required in connection with the administration of the Debtors' estates, including with respect to a chapter 11 plan and related disclosure statement; and s) perform such other legal services as may be necessary or as may be requested by the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code. The firm's current standard hourly rates are: Partners $1,500 to $2,365 Associates $895 to $1,485 Non-Lawyer Professionals $300 to $1,320 In addition, the firm will seek reimbursement for expenses incurred. The following is provided in response to the request for additional information set forth in Paragraph D.1 of the Appendix B Guidelines. (a) McDermott has agreed to discount the rates for Charles Gibbs, Darren Azman, and Marcus Helt by 20 percent; (b) none of McDermott's professionals included in this engagement have varied their rates based on the geographic location of the Chapter 11 Cases; (c) McDermott did not represent the Committee before the Petition Date; and (d) McDermott expects to develop a budget and staffing plan to comply with the U.S. Trustee's requests for information and additional disclosures, and any orders of the Court. Recognizing that unforeseeable fees and expenses may arise in large chapter 11 cases, McDermott may need to amend the budget as necessary to reflect changed circumstances or unanticipated developments. Charles Gibbs, a partner at McDermott Will & Emery, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles R. Gibbs, Esq. One Vanderbilt Avenue New York, NY 10017 Telephone: (212) 547-5400 Email: kgoing@mwe.com About Treesap Farms TreeSap Farms LLC is a leading supplier of trees and plants to home improvement retailers. TreeSap Farms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90021) on February 24, 2025. In its petition, the Debtor disclosed estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor tapped McKool Smith, Esq., as counsel and Donlin, Recano & Company, LLC as claims, noticing and solicitation agent. TREESAP FARMS: Committee Taps Province LLC as Financial Advisor --------------------------------------------------------------- The official committee of unsecured creditors of Treesap Farms, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Province, LLC as financial advisor. The firm's services include: (a) becoming familiar with and analyzing the Debtors' DIP budget, assets and liabilities, and overall financial condition; (b) reviewing financial and operational information furnished by the Debtors; (c) scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; (d) analyzing the Debtors' proposed business plans and developing alternative scenarios, if necessary; (e) assessing the Debtors' various pleadings and proposed treatment of unsecured creditor claims therefrom; (f) preparing, or reviewing as applicable, avoidance action and claim analyses; (g) assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, DIP budgets, and monthly operating reports; (h) advising the Committee on the current state of the Chapter 11 Cases; (i) advising the Committee in negotiations with the Debtors and third parties as necessary; (j) if necessary, participating as a witness in hearings before the Court with respect to matters upon which Province has provided advice; and (k) other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. Province's current standard hourly rates are: Per Hour (USD) Managing Directors and Partners $900 to $1,450 Vice Presidents, Directors, and Senior Directors $700 to $1,050 Analysts, Associates, and Senior Associates $350 to $825 Paraprofessional / Admin $270 to $450 In addition, the firm will seek reimbursement for its out-of-pocket expenses. Sanjuro Kietlinski, a partner at Province, 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: Sanjuro Kietlinski, Esq. Province, LLC 2360 Corporate Circle, Suite 340 Henderson, NV 89074 Tel: (702) 685-5555 Email: skietlinski@provincefirm.com About Treesap Farms TreeSap Farms LLC is a leading supplier of trees and plants to home improvement retailers. TreeSap Farms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90021) on February 24, 2025. In its petition, the Debtor disclosed estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor tapped McKool Smith, Esq., as counsel and Donlin, Recano & Company, LLC as claims, noticing and solicitation agent. TRIPLETT FUNERAL: Seth Albin Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 13 appointed Seth Albin of Summers Compton Wells, Attorneys At Law as Subchapter V trustee for Triplett Funeral Homes, LLC. Mr. Albin will be paid an hourly fee of $295 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Albin declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Seth A. Albin Summers Compton Wells, Attorneys At Law 903 S. Lindbergh Blvd., Suite 200 St. Louis, MO 63131 (314)991-4999 office (314)872-0381 fax Email: salbin@summerscomptonwells.com About Triplett Funeral Homes Triplett Funeral Homes, LLC is a locally owned and operated funeral service provider in Kahoka, Mo. Triplett Funeral Homes filed Chapter 11 petition (Bankr. E.D. Miss. Case No. 25-20049) on March 27, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Kathy A. Surratt-States oversees the case. The Debtor is represented by Fredrich J. Cruse, Esq., at Cruse Chaney-Faughn. U-TELCO UTILITIES: Gets OK to Use Cash Collateral Until May 7 ------------------------------------------------------------- U-Telco Utilities, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of New York to use cash collateral. The interim order penned by Judge Wendy Kinsella authorized the company to use cash collateral in accordance with its budget pending the hearing on May 7. The company's secured creditors will be granted rollover liens on and security interests in all collateral in which such creditors hold liens and security interests pursuant to their existing loan documents with the company. The next hearing is scheduled for May 7. About U-Telco Utilities Inc. U-Telco Utilities Inc. specializes in the rental of commercial and industrial machinery and equipment, including heavy construction machinery such as dozers, excavators, and compact track loaders. The Company provides a diverse range of equipment for construction and mining operations, offering machinery for rent to support grading, excavation, and material screening projects. U-Telco Utilities Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-30126) on February 25, 2025. In its petition, the Debtor reported total assets of $544,250 and total liabilities of $1,184,527. Judge Wendy A. Kinsella handles the case. The Debtor is represented by Peter A. Orville, Esq. at Orville & McDonald Law, P.C. UNITED FIBER: Gets Final OK to Use Cash Collateral -------------------------------------------------- United Fiber Comm, Inc. received final approval from the U.S. Bankruptcy Court for the Central District of California, Riverside Division to use cash collateral. The final order authorized the company to use cash collateral until July 28 in accordance with its updated budget. Any creditor which the court determines to have an interest in the cash collateral will receive a replacement lien on assets similar to its pre-bankruptcy collateral. The replacement lien will have the same priority and validity as the creditor's pre-bankruptcy lien. About United Fiber Comm. United Fiber Comm., Inc. is a telecommunications contractor in California, with offices in Goleta, Corona, and Vista. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-16470) on October 29, 2024, with $1,663,379 in assets and $8,172,909 in liabilities. Raymond Martinez, chief executive officer, signed the petition. Judge Scott H. Yun oversees the case. The Debtor is represented by Robert P. Goe, Esq., at Goe Forsythe & Hodges, LLP. WENDT COMMUNICATION: Gets Final OK to Use Cash Collateral --------------------------------------------------------- Wendt Communication Partners, LLC received final approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to use cash collateral to pay its expenses. The company's cash collateral consists of $51,155.35 in accounts receivables in which TD Bank, IDEA247 Inc., ODK Capital LLC, and WebFund LLC may claim an interest. TD Bank's interest in the cash collateral is superior to that of the other secured creditors. As protection for the company's use of their cash collateral, TD Bank and the other secured creditors will be granted replacement liens on the accounts receivables. As additional protection to TD Bank, Wendt was ordered to pay the equivalent of 1.5% of the cash collateral or $767 to TD Bank for each month elapsing prior to the confirmation of the company's Chapter 11 plan of reorganization. The final order authorized Wendt to segregate and preserve 7% of gross revenues generated by the company beginning on Oct. 1, 2024, until $50,000 has accumulated to satisfy the lump sum payment that is to be made to TD Bank by the effective date of the company's Chapter 11 plan of reorganization. Beginning on the effective date of its reorganization plan, Wendt must make equal monthly principal and interest payments to TD Bank on $18,651, bearing interest at the rate of 10.50% per annum over a 12-month term. A copy of the court order and the budget is available at https://shorturl.at/64lcA from PacerMonitor.com. About Wendt Communication Partners Wendt Communication Partners, LLC, a company in Mechanicsburg, Pa., offers tailored solutions for companies across the business-to-business marketplace. Wendt Communication Partners filed a petition under Chapter 11, subchapter V of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 24-02511) on October 1, 2024, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. William Douglas Wendt, chief executive officer and corporate representative, signed the petition. Judge Henry W. Van Eck handles the case. The Debtor is represented by J. Christian Dennery, Esq., at Dennery, PLLC. WEST VIRGINIA ECONOMIC: Moody's Rates New $150MM Bonds 'Ba2' ------------------------------------------------------------ Moody's Ratings assigned a Ba2 senior unsecured revenue bonds rating to $150 million of private activity bonds to be issued by the West Virginia Economic Development Authority ("WVEDA"). The bonds will be repayable under an unsecured loan agreement between Commercial Metals Company ("CMC") and WVEDA. The bonds are considered a senior unsecured obligation for CMC and have the same rating as the company's other unsecured debt. The proceeds of the bonds are being loaned to CMC and will be used to finance a portion of the cost of the new micro mill located in Berkeley County, West Virginia. CMC's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), Ba2 senior unsecured note rating, its Speculative Grade Liquidity Rating of SGL-1 and its stable outlook remain unchanged. RATINGS RATIONALE Commercial Metals Company's (CMC) credit profile reflects its strong position in the rebar and merchant bar markets in the US, as well as its exposure to the steel market in Eastern Europe through its operations in Poland. This operation will continue to be supported by government assistance programs established to offset the high cost of electricity, natural gas, and carbon emission rights, which is counterbalancing very weak near-term operational profitability. The company's ratings also incorporate Moody's expectations for it to maintain low financial leverage, ample interest coverage and very good liquidity. CMC's rating is constrained by its reliance on two steel product categories, its dependence on cyclical construction activity, its exposure to volatile steel and scrap prices, its focus on acquisitive and organic growth investments and the risk that significant rebar capacity additions weigh on pricing and metal spreads. Although, the majority of this capacity is being added by CMC and Nucor Corporation (Baa1 positive) which have leading shares in this product category and should have incentive to not chase market share at the expense of profitability. Also, CMC has a track record of prudently funding its growth initiatives without materially impacting its credit profile. The company's rating is also constrained by the potential payment of around $330 million to Pacific Steel Group related to an adverse legal ruling, but the company plans to appeal this verdict. CMC's operating earnings are expected to materially decline for the second consecutive year due to a compression in steel and downstream products metal margins in the North America Steel Group segment. Nevertheless, its adjusted EBITDA is expected to be in the range of $750 million - $850 million and should remain above pre-pandemic levels due to import protections and acquisitions and capacity additions completed over the past few years. End market demand could be supported by increased spending related to the infrastructure and carbon transition related investments that will be funded by the Infrastructure Investment and Jobs Act, the CHIPS Act and the Inflation Reduction Act. Nevertheless, President Trump has indicated he may curtail some loans, tax credits and spending related to this legislation and rising global trade protections have increased the risk of an economic downturn. Also, any steel price increases will be limited by more intense competitive pressures from significant capacity additions. CMC's credit metrics should continue to be robust for the rating in the near term. If the company generates around $800 million of adjusted EBITDA in fiscal 2025 (ends August 2025) and utilizes all free cash on organic growth initiatives, acquisitions and shareholder returns, then its leverage ratio (debt/EBITDA) will be about 1.9x and its interest coverage (EBIT/Interest) around 8.0x. These metrics will be strong for the company's Ba1 corporate family rating, but they could weaken as competitive pressures intensify as new capacity is added. Also, CMC's upside ratings potential is constrained by the volatility of steel and scrap prices, its reliance on cyclical construction end markets, its limited scale and product diversity versus higher rated domestic steel producers and the potential sizeable payout on the recent adverse legal ruling. CMC has a Speculative Grade Liquidity rating of SGL-1 reflecting its very good liquidity profile including $758 million of cash and availability of about $599 million under its unrated $600 million revolving credit facility (secured by US inventory) which had no borrowings outstanding and $1.0 million of letters of credit issued. The company amended the revolver in October 2024 and extended the maturity to October 2029. The company also has about $150 million of unsecured revolving credit facilities (unrated) in Poland that have an expiration date in April 2026 and these facilities are mostly undrawn except for letters of credit. It also has a factoring accounts receivable program in Poland of about $70 million USD equivalent. The company's US credit agreement has financial maintenance covenants including a minimum interest coverage ratio of 2.5x and a debt to capitalization ratio not to exceed 60%. It should remain comfortably in compliance with these covenants. The Ba2 rating on the company's senior unsecured debt (one notch below the Ba1 CFR) reflects the effective subordination to the US revolving credit facility, which is secured by US inventory, as well as to priority accounts payable. The stable ratings outlook incorporates Moody's expectations that CMC will produce weaker operating results in fiscal 2025, but they will remain historically robust and result in credit metrics that continue to support its Ba1 rating. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING CMC's ratings could be upgraded should it enhance its product and end market diversity and sustain an EBIT margin above 8%, a leverage ratio (debt/EBITDA) below 2.75x, interest coverage (EBIT/Interest) above 4.0x and operating cash flow less dividends above 25% of outstanding debt through various steel price points and metal spread environments. The ratings could be downgraded if economic weakness or increased competition leads to a material deterioration in its operating performance and credit metrics. Quantitatively, the ratings could be downgraded if its EBIT margin is sustained below 4%, its leverage ratio above 4.0x and interest coverage below 2.5x. Headquartered in Irving, Texas, Commercial Metals Company (CMC) manufactures finished long steel products including rebar, merchant bar, light structural and other special sections and wire rod. Its North America Steel Group has six electric arc furnace mini mills, three micro mills, and one rerolling mill with total rolling capacity of about 6.1 million tons, and operates steel fabrication facilities and ferrous and nonferrous scrap metal recycling facilities. The Europe Steel Group has a vertically integrated network of recycling facilities, an EAF mini mill with about 1.6 million tons of rolling capacity and fabrication operations in Poland. Its Emerging Business Group includes its Tensar(R) geogrids and Geopier(R) foundation systems and its CMC Anchoring Systems business which provides anchoring solutions for the electrical transmission market. Revenues for the twelve months ended February 28, 2025, were $7.7 billion. The principal methodology used in this rating was Steel published in November 2021. WYNN TEC: Seeks to Hire Cunningham Chernicoff as Legal Counsel -------------------------------------------------------------- Wynn Tec, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire Cunningham, Chernicoff & Warshawsky, P.C. as counsel. The firm will provide these services: a. give the Debtor legal advice regarding its powers and duties as Debtor-in-Possession in the continued operation of its business and management of its property; b. prepare and file on behalf of the Debtor, as Debtor-in-Possession, the original Petition and Schedules, and all necessary applications, complaints, answers, orders, reports and other legal papers; and c. perform all other legal services for the Debtor, as Debtor-in-Possession, which may be necessary. The firm will be paid at these rates: Robert E. Chernicoff $450 per hour Partners $400 to $450 per hour Associate Attorneys $225 to $350 per hour Paralegals $100 to $175 per hour The Debtor paid the firm a retainer in the amount of $6,782.90, plus the Chapter 11 filing fee of $1,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Robert E. Chernicoff, Esq., a partner at Cunningham, Chernicoff & Warshawsky, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert E. Chernicoff, Esq. Cunningham, Chernicoff & Warshawsky, P.C. 2320 North Second Street P. O. Box 60457 Harrisburg, PA 17106-0457 Tel: (717) 238-6570 About Wynn Tec Inc. Wynn Tec Inc. is a small business corporation based in Loganton, Pa. Wynn Tec Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-00751) on March 21, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Mark J. Conway handles the case. The Debtor is represented by Robert E Chernicoff, Esq. at Cunningham and Chernicoff PC. YANKE CONSTRUCTION: 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 Yanke Construction, Inc. 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 Yanke Construction Inc. Yanke Construction, Inc. operates as a landscaping and construction company. It specializes in constructing retaining walls for residential and commercial clients across the Detroit Metro area in Michigan. Yanke Construction filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-43176) on March 28, 2025, listing up to $500,000 in assets and up to $10 million in liabilities. Darren Yanke, president of Yanke Construction, signed the petition. Judge Mark A. Randon oversees the case. John J. Stockdale, Jr., at Schafer and Weiner, PLLC, represents the Debtor as legal counsel. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. 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