250902.mbx

250902.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, September 2, 2025, Vol. 29, No. 244 Headlines 1291 BRITAIN: Seeks to Extend Plan Exclusivity to December 1 215 PAPER MILL: Seeks to Extend Plan Exclusivity to December 1 23ANDME HOLDING: Committee Hires Brown Rudnick LLP as Co-Counsel 23ANDME HOLDING: Committee Hires Desai Law Firm as Co-Counsel 31-41 44TH ST: Hires Northgate Real Estate as Real Estate Advisor 33 MAKO: Claims to be Paid from Property Sale Proceeds 729-731 MEEKER: Seeks to Hire Northgate as Real Estate Advisor 741 INC: Section 341(a) Meeting of Creditors on October 2 901 MERRICK: Seeks Cash Collateral Access 925 N MIAMI: Miami Real Property Up for Sale on October 16 A.Z.N. REALTY: Seeks to Extend Plan Exclusivity to November 10 AIRNET TECH: Sets Sept. 3 Shareholder Meeting for Key Resolutions ALACHUA GOVERNMENT: Comm. Taps M3 Advisory as Financial Advisor ALACHUA GOVERNMENT: Committee Taps Goodwin Procter as Co-Counsel ALACHUA GOVERNMENT: Committee Taps Robinson & Cole as Counsel ALIEN TECHNOLOGIES: Unsecureds to Get Share of Income for 3 Years ALLSTAR PROPERTIES: Case Summary & Largest Unsecured Creditors ALVIN'S COURIER: Files Emergency Bid to Use Cash Collateral AMITY COURT: Updates Liquidating Plan Disclosures ARC PROPERTY: Voluntary Chapter 11 Case Summary ART FOR CAUSE: Seeks to Hire Alla Kachan as Bankruptcy Counsel ASBESTOS CORP: Advances CCAA, Chapter 15 Restructuring Efforts ASPEN ELECTRONICS: Hires Taft Stettinius as Special Counsel ASSET DISCOVERY: Case Summary & One Unsecured Creditor ASSURE AFFORDABLE: Taps Berkshire Hathaway as Real Estate Broker ATLANTIC NATURAL: Plan Exclusivity Period Extended to November 3 AUDACIOUS DESIGNS: Seeks to Hire The Lane Law Firm as Counsel AXE HANDLE: Hires Kurtzman Steady LLC as Legal Counsel BHAVI HOSPITALITY: Creditors Seek Involuntary Chapter 11 in Texas BIO-KEY INTERNATIONAL: Increases Stock Plans by Total 1.4M Shares BISHOP OF FRESNO: Committee to Hire Fennemore LLP as Co-Counsel BLUE SUN: Case Summary & 10 Unsecured Creditors BORDEAUX VENTURES: Hires Buildlaw PLC as Special Counsel BP RETAIL: Gets Interim OK to Use Cash Collateral CHANNELSIDE BREWING: Gets Final OK to Use Cash Collateral CHARLIE'S HOLDINGS: Records $4.96M Net Income in Fiscal Q2 CIVIL LLC: Gets Interim OK to Use Cash Collateral Until Sept. 22 CLASSIC RECREATIONS: Seeks to Tap AMPT as Turnaround Professional CLEVER BEING: Gets Final OK to Use Cash Collateral D & D HOUSING: Seeks to Hire Fealy Law Firm as Bankruptcy Counsel DANGER HART: Daniel Etlinger Named Subchapter V Trustee DANIELS REAL ESTATE: Leon Jones Named Subchapter V Trustee DEL MONTE: Committee Hires Kelley Drye & Warren LLP as Co-Counsel DEL MONTE: Committee Hires Miller Buckfire as Investment Banker DEL MONTE: Committee Hires Morrison & Foerster LLP as Counsel DEL MONTE: Committee Hires Province LLC as Financial Advisor DEPLOYED SOLDIERS: Seeks to Use Cash Collateral DESERT CITY: Voluntary Chapter 11 Case Summary DESKTOP METAL: Quinn Emanuel Wants Fee Fight Sent to State Court DISCOUNT AUTO: Seeks to Use Cash Collateral DOUBLE H SERVICES: Hires Fuqua & Associates as Legal Counsel DR INNOVATIONS: Hires Prelle Eron & Bailey as Counsel DRSN GROUP: Hires Rountree Leitman Klein & Geer as Attorney DUPAGE EQUIPMENT: Hires Bach Law Offices Inc. as Attorney DYNASTY TANG: Hires Hello Hello Bay as Real Estate Broker ENERGY FOCUS: CEO & CFO Jay Huang Buys $500K in Private Placement EXCELL COMMUNICATIONS: Hires Baker Donelson as Special Counsel EXCELL COMMUNICATIONS: Hires RRBB Advisors LLC as Accountant FAITH ELECTRIC: Trustee Taps Crowe & Dunlevy as Legal Counsel FALKY HOLDINGS: Hires Bruner Wright PA as Legal Counsel GACH LLC: Hires Genova Malin & Trier LLP as Counsel GACH LLC: Seeks Cash Collateral Access GENERATIONS ON 1ST: Court Extends Cash Collateral Access to Oct. 15 GLOBAL CONSULTING: Voluntary Chapter 11 Case Summary GLOBAL JOINT: Seeks to Extend Plan Exclusivity to November 26 HIAWATHA MANOR: Seeks to Extend Plan Exclusivity to March 2, 2026 HIELO DEL CIELO: Hires DeMarco·Mitchell as Legal Counsel HL PIT STOP: Seeks to Use Cash Collateral Until Oct. 31 HNL AUTOMOTIVE: Case Summary & 10 Unsecured Creditors HOUWELING'S ARIZONA: Case Summary & 20 Top Unsecured Creditors I-INSPIRE DANCE: Seeks to Hire Fallon Law PC as Counsel IMG HOLDINGS: Hires Chipman Brown Cicero as Counsel INDU MOTEL: Seeks to Hire Calaiaro Valencik as Legal Counsel INSIGHT PHOTONIC: Unsecureds to Get Share of Net Sale Proceeds INTELLIGENT PAYMENT: Voluntary Chapter 11 Case Summary IRWIN NATURALS: Hires Brown White & Osborn as Litigation Counsel J.R. BUTLER: Case Summary & 20 Largest Unsecured Creditors JACKSBOSTON LLC: Employs Bradford Law Offices as Legal Counsel JACKSBOSTON LLC: Unsecureds Will Get 2% of Claims over 5 Years JACKSONVILLE MOVING: Files Emergency Bid to Use Cash Collateral JAMANA LLC: Taps Ryan Legal Services as Bankruptcy Counsel JR BUTLER: Seeks Chapter 11 Bankruptcy in Colorado KIRKBRIDE LAND: Gets Extension to Access Cash Collateral LAVENDER LANDSCAPE: Gets Interim OK to Use Cash Collateral LIFESCAN GLOBAL: Committee Hires Paul Hastings LLP as Counsel LIGADO NETWORKS: Spectrum Dispute w/ Inmarsat Not Ripe, Says Judge LION RIBBON: Committee Hires Dundon as Co-Financial Advisor LION RIBBON: Committee Hires Foresight as Co-Financial Advisor M & N STRUCTURES: Gets OK to Use $1.99M in Cash Collateral M & N STRUCTURES: Todd Lutgen of Benson-Orth Appointed to Committee MALIZUP LLC: Hires DeMarco·Mitchell PLLC as Legal Counsel MARINE TRANSPORT: Hires Law Offices of Alla Kachan PC as Counsel MAYFIELD MEDICAL: Case Summary & 20 Largest Unsecured Creditors MISSION SELF-STORAGE: Hires Bruner Wright PA as Counsel MVP GROUP: Seeks Chapter 11 Bankruptcy in Florida NATIONAL BUILDERS: Case Summary & Six Unsecured Creditors NEAL MEATS: Hires Keller Williams Realty as Real Estate Agent NORDICUS PARTNERS: Reports $1.21M Net Loss for Q1 FY2026 NUMALE CORP: Trustee Taps J.S. Held LLC as Accountant OPGEN INC: Swings to $11.99 Million Net Income in FY2024 ORB ENERGY: Hires Hughes Watters Askanase LLP as Counsel OSTENDO TECHNOLOGIES: Committee Taps Mincin Law as Counsel OSTENDO TECHNOLOGIES: Gets Interim OK to Use Cash Collateral PALM BEACH: Trustee Taps Greene Espel as Minnesota Local Counsel PARTY CITY: Court OKs Deal to Extend Cash Collateral Access PEPPERMILL LIMITED: Hires Brady Dean King II as Special Counsel PREPAID WIRELESS: Hires L&H Business Consulting as Accountant PRINCE LAND: Hires Kelley Kaplan & Eller PLLC as Counsel PROJECT PIZZA: Hires Zaarour & Associates as Tax Consultant RMKD LIQUORS: Seeks to Hire Herman Yiu CPA as Accountant ROYAL SPADE: Claims to be Paid from Continued Operations RYVYL INC: Executive VP Ben Errez Set to Retire Effective Aug. 31 S & M DELI: Seeks to Hires DeMarco·Mitchell PLLC as Legal Counsel S&B GROUP: Case Summary & One Unsecured Creditor SANTA ANA: Hires Law Offices of Michael Jay Berger as Counsel SANUWAVE HEALTH: All Proposals Approved at 2025 Annual Meeting SANUWAVE HEALTH: Receives $5M from Licensee Patent Option Exercise SCHWAZZE: Moves Closer to Debt Restructuring with Creditors SENOIA DRUG: Seeks to Hire RESJ P.C. as Accountant SERENITY LIGHT: Voluntary Chapter 11 Case Summary SHARPLINK GAMING: Amends ATM Deal to Include Four More Sales Agents SIGNATURE YHM: Unsecureds Will Get 10% via Quarterly Payments SOLEMN INVESTMENTS: Gets Interim OK to Use Cash Collateral SOLUNA HOLDINGS: All Proposals Approved at 2025 Annual Meeting SORENTO ON YESLER: Claims to be Paid from Property Sale Proceeds SOUTHWEST FIRE: Court Approves Use of Cash Collateral SPIRIT AVIATION: Files Chapter 11 to Restructure Spirit Airlines STEVEN LAYNE: Seeks to Extend Plan Filing Deadline to September 25 STIX LLC: Daniel Etlinger Named Subchapter V Trustee STONE BRIDGE: Gets Final OK to Use Cash Collateral STRUCTURE ACE: Leo Congeni Named Subchapter V Trustee STRUCTURE ACE: Seeks Subchapter V Bankruptcy in Louisiana SUPERIOR EQUIPMENT: Case Summary & Four Unsecured Creditors SUPERIOR EQUIPMENT: Neema Varghese Named Subchapter V Trustee TIBERTI COMPANY: Seeks Subchapter V Bankruptcy in Nevada TIN CUP: Case Summary & Four Unsecured Creditors TNR HOLDINGS: Seeks Chapter 11 Bankruptcy in New Jersey TPI COMPOSITES: Employs Alvarez & Marsal as Restructuring Advisor TPI COMPOSITES: Hires Weil Gotshal & Manges as Attorney TRUE LOUNGE: Hires Gorski & Knowlton as Bankruptcy Counsel TWIN CITIES: S&P Assigns 'BB' Rating on 2025A/B Revenue Bonds VALVES AND CONTROLS: Hires Ordinary Course Professionals VICTORIA'S KITCHEN: Gets Interim OK to Use Cash Collateral VSBROOKS INC: Court Extends Cash Collateral Access to Oct. 1 VYOME HOLDINGS: Appoints Kreit & Chiu as Independent Auditor VYOME HOLDINGS: Increases At-the-Market Offering to $12M with Maxim WAG! GROUP: Gets Court Clearance for Chapter 11 Equitization Plan WALKER EDISON: To Sell Assets to Twin-Star in Chapter 11 WESTVIEW BAPTIST: Hires Sagre Law Firm as Bankruptcy Counsel WINDTREE THERAPEUTICS: Nasdaq Delists Shares; Trading Moves to OTC X4 PHARMACEUTICALS: Biotechnology Value Fund Holds 9.9% Stake X4 PHARMACEUTICALS: Deep Track Holds 9.99% Equity Stake XEROX HOLDINGS: S&P Downgrades ICR to 'B', Outlook Negative [] OSC Seeks to Force Ex-Bridging Finance Execs into Bankruptcy ********* 1291 BRITAIN: Seeks to Extend Plan Exclusivity to December 1 ------------------------------------------------------------ 1291 Britain Dr. PCPRE, LLC asked the U.S. Bankruptcy Court for the Northern District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to December 1, 2025 and January 30, 2026, respectively. The Debtor explains that cause exists for granting the requested extension of the exclusive periods for filing a Chapter 11 plan and soliciting acceptances thereto. Since the commencement of the Case, the Debtor has worked diligently to maintain continuity in the everyday operation of its business, while simultaneously working to preserve and build the value of its assets, as well as seeking financing alternatives. The Debtor claims that it needs more time to evaluate potential alternatives for exiting Chapter 11 and to determine the best course of action to propose in a Chapter 11 plan. Thus, cause exists to extend the deadlines for filing a Chapter 11 plan and soliciting acceptances thereto for an additional period of approximately 90 days. 1291 Britain Dr PCPRE is represented by: J. Robert Williamson, Esq. Ashley R. Ray, Esq. Scroggins, Williamson & Ray, P.C. 4401 Northside Parkway Suite 230 Atlanta, GA 30327 Tel: (404) 893-3880 Fax: (404) 893-3886 Email: rwilliamson@swlawfirm.com aray@swlawfirm.com About 1291 Britain Dr PCPRE 1291 Britain Dr PCPRE, LLC, operating as Britain Village Apartments, is a residential complex located at 1291 Britain Drive in Lawrenceville, Ga. The property offers two-and three-bedroom units with standard amenities and is managed by Premier Living US. 1291 Britain Dr PCPRE sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-54940) on May 5, 2025. In its petition, the Debtor reported estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Ashley Reynolds Ray, Esq., at Scroggins, Williamson & Ray, P.C. 215 PAPER MILL: Seeks to Extend Plan Exclusivity to December 1 -------------------------------------------------------------- 215 Paper Mill Rd PCPRE, LLC d/b/a The Carolina asked the U.S. Bankruptcy Court for the Northern District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to December 1, 2025 and January 30, 2026, respectively. Since the commencement of the Case, the Debtor has worked diligently to maintain continuity in the everyday operation of its business, while simultaneously working to preserve and build the value of its assets, as well as seeking financing alternatives. The Debtor explains that it needs more time to evaluate potential alternatives for exiting Chapter 11 and to determine the best course of action to propose in a Chapter 11 plan. Thus, cause exists to extend the deadlines for filing a Chapter 11 plan and soliciting acceptances thereto for an additional period of approximately 90 days. 215 Paper Mill Rd PCPRE LLC is represented by: J. Robert Williamson, Esq. Ashley R. Ray, Esq. Scroggins, Williamson & Ray, P.C. 4401 Northside Parkway Suite 230 Atlanta, GA 30327 Tel: (404) 893-3880 Fax: (404) 893-3886 Email: rwilliamson@swlawfirm.com aray@swlawfirm.com About 215 Paper Mill Rd PCPRE, LLC d/b/a The Carolina 215 Paper Mill Rd PCPRE LLC d/b/a The Carolina, which operates an apartment complex in Lawrenceville, Georgia. 215 Paper Mill Rd PCPRE LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-54943) on May 5, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Lisa Ritchey Craig handles the case. The Debtor is represented by Ashley Reynolds Ray, Esq. at Scroggins, Williamson & Ray, P.C. 23ANDME HOLDING: Committee Hires Brown Rudnick LLP as Co-Counsel ---------------------------------------------------------------- The official committee of equity holders of 23andMe Holding Co. and affiliates seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to employ Brown Rudnick LLP as co-counsel. The firm's services include: a. assisting, advising, and representing the Equity Committee in its meetings, consultations and negotiations with the Debtors and other parties in interest regarding the administration of these Cases; b. assisting, advising, and representing the Equity Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Equity Committee; c. assisting with the Equity Committee's review of the Debtors' Schedules of Assets and Liabilities, Statement of Financial Affairs and other financial reports prepared by or on behalf of the Debtors; d. assisting the Equity Committee's investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors and its affiliates, including certain transactions preceding the bankruptcy filing and the formation of the Debtors; e. assisting and advising the Equity Committee regarding the identification and prosecution of estate claims and causes of action; f. assisting and advising the Equity Committee in its review and analysis of, and negotiations with the Debtors and any counterparties related to, any potential sale or restructuring transactions; g. reviewing and analyzing all applications, motions, complaints, orders, and other pleadings filed with the Court by the Debtors or third parties, and advising the Equity Committee as to their propriety and, after consultation with the Equity Committee, taking any appropriate action; h. preparing necessary applications, motions, answers, orders, reports, and other legal papers on behalf of the Equity Committee, and pursuing or participating in contested matters and adversary proceedings as may be necessary or appropriate in furtherance of the Equity Committee's duties, interests, and objectives; i. representing the Equity Committee at hearings held before the Court and communicating with the Equity Committee regarding the issues raised, and the decisions of the Court; j. assisting, advising, and representing the Equity Committee in connection with the review of filed proofs of claim and reconciliation of or objections to such proofs of claim and any claims estimation proceedings; k. assisting, advising, and representing the Equity Committee in their participation in the negotiation, formulation, and drafting of a plan of reorganization/liquidation; l. assisting, advising, and representing the Equity Committee with respect to its communications with equity security holders regarding significant matters in these Cases; m. responding to inquiries from individual equity security holders as to the status of, and developments in, these Cases; and n. providing such other services to the Equity Committee as may be necessary in these Cases or any related proceedings. The firm will be paid at these rates: Partners $950 to $2,450 per hour Counsel $310 to $2,335 per hour Associates $685 to $1,015 per hour Paralegals $400 to $550 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following information is provided pursuant to paragraph D.1 of the U.S. Trustee Guidelines: QUESTION: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. QUESTION: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. QUESTION: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Response: No. QUESTION: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: The Equity Committee will approve a budget and general staffing plan in connection with Brown Rudnick's representation of the Equity Committee. Mr. Silverberg 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: Bennett S. Silverberg, Esq. Brown Rudnick LLP Seven Times Square New York, NY 10036 Tel: (212) 209-4800 About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. 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 and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe 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 serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 23ANDME HOLDING: Committee Hires Desai Law Firm as Co-Counsel ------------------------------------------------------------- The official committee of equity holders of 23andMe Holding Co. and affiliates seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to employ The Desai Law Firm, LLC as co-counsel. The firm's services include: a) assisting, advising, and representing the Equity Committee in its meetings, consultations and negotiations with the Debtors and other parties in interest regarding the administration of these Cases; b) assisting, advising, and representing the Equity Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Equity Committee; c) assisting with the Equity Committee's review of the Debtors' Schedules of Assets and Liabilities, Statement of Financial Affairs and other financial reports prepared by or on behalf of the Debtors; d) assisting the Equity Committee's investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors and its affiliates, including certain transactions preceding the bankruptcy filing and the formation of the Debtors; e) assisting and advising the Equity Committee regarding the identification and prosecution of estate claims and causes of action; f) assisting and advising the Equity Committee in its review and analysis of, and negotiations with the Debtors and any counterparties related to, any potential sale or restructuring transactions; g) reviewing and analyzing all applications, motions, complaints, orders, and other pleadings filed with the Court by the Debtors or third parties, and advising the Equity Committee as to their propriety and, after consultation with the Equity Committee, taking any appropriate action; h) preparing necessary applications, motions, answers, orders, reports, and other legal papers on behalf of the Equity Committee, and pursuing or participating in contested matters and adversary proceedings as may be necessary or appropriate in furtherance of the Equity Committee's duties, interests, and objectives; i) representing the Equity Committee at hearings held before the Court and communicating with the Equity Committee regarding the issues raised, and the decisions of the Court; j) assisting, advising, and representing the Equity Committee in connection with the review of filed proofs of claim and reconciliation of or objections to such proofs of claim and any claims estimation proceedings; k) assisting, advising, and representing the Equity Committee in their participation in the negotiation, formulation, and drafting of a plan of reorganization/liquidation; l) assisting, advising, and representing the Equity Committee with respect to its communications with equity security holders regarding significant matters in these Cases; m) responding to inquiries from individual equity security holders as to the status of, and developments in, these Cases; n) assisting with local practice and appearing, as appropriate, before this Court, the appellate courts, and the U.S. Trustee, and protecting the interests of the Committee before those courts and before the U.S. Trustee; and o) providing such other services to the Equity Committee as may be necessary in these Cases or any related proceedings. The firm will be paid at these rates: Partners $400 per hour Associates $250 per hour Paralegals/Law Clerks $125 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Desai 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: Spencer P. Desai, Esq. The Desai Law Firm, LLC 13321 North Outer Forty Road, Suite 300 St. Louis, MO 63017 Tel: (314) 666-9781 About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. 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 and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe 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 serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 31-41 44TH ST: Hires Northgate Real Estate as Real Estate Advisor ----------------------------------------------------------------- 31-41 44Th St Realty LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Northgate Real Estate Group as real estate advisor. The firm will assist the Debtor in marketing, sale, refinancing, or other disposition of the Debtor's property located at 31-41 44th Street, Astoria, NY 11103. The firm will be paid: (i) a 6 percent commission, if the Property is sold, (ii) a 3 percent commission if there is a credit bid transaction, (iii) a 6 percent refinancing fee if the Property is refinanced, or (iv) a minimum $50,000 fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Greg Corbin, President at Northgate Real Estate 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 at: Greg Corbin, President Northgate Real Estate Group 1633 Broadway 46th Floor New York, NY 10019 Telephone: (212) 419-8101 Email: Greg@northgatereg.com About 31-41 44th St Realty LLC 31-41 44th St Realty LLC is a limited liability company. 31-41 44th St Realty LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-44145) on October 4, 2024. In the petition filed by Anthony Koutsidis, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Honorable Bankruptcy Judge Jil Mazer-Marino oversees the case. The Debtor is represented by: Julio E Portilla, Esq. Law Office Julio E. Portilla, P.C. 31-41 44th St. Astoria, NY 11103 33 MAKO: Claims to be Paid from Property Sale Proceeds ------------------------------------------------------ 33 Mako LLC filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement for Plan of Liquidation dated August 26, 2025. The Debtor owns the real property and improvements thereon located at 54 Sandcastle Lane, Amagansett, New York 11930 (the "Property"). The Property is Single Family Residence with 3 bedrooms and 3 bedrooms. According to the proof of claim filed by 54 SCL, the Property has a fair market value of $5,000,000. According to an appraisal, the Property has an as is value of $4,090,000 and an after-repair value of $8,325,000.00. On or about December 15, 2021, LendingOne, LLC ("Original Lender") made a $2,415,000.00 Loan (the "Loan") to the Debtor. The Loan is evidenced by that certain commercial promissory note dated as of December 15, 2021 (the "Note"), in the original principal amount of $2,415,000.00, the maker of which is the Debtor. The indebtedness owed under the Note is secured by the Property and all of Debtor's personal property. The Debtor intends to file a motion with this Court seeking entry of an order authorizing and approving bidding procedures for an auction sale of the Property, free and clear of all monetary liens, claims and Encumbrances, with such monetary liens, claims and encumbrances to attach to the proceeds of sale; and approving the bidding procedures for the Property. The proposed auction sale will be subject to extensive marketing and subject to higher and better bids. The Debtor intends to receive the highest and best price for its sole asset, so that it may maximize return to creditors of its estate. At the conclusion of the auction sale, the Debtor will declare the highest and best bidder (the "Purchaser") and seek order of the Court authorized the conveyance of the Property, the closing of which shall occur within 30 days after the auction sale (the "Sale Transaction"). The proceeds of the Sale Transaction (the "Sales Proceeds") will be available to the Debtor's Estate. Class 4 consists of General Unsecured Claims. Subject to the provisions of Article 7 of the Plan with respect to Disputed Claims, in full satisfaction, release and discharge of Class 4 General Unsecured Claims, the holder of such Claims shall receive the following treatment: on the Effective Date, or as soon as possible after such Claims become Allowed Claims, each holder of a Class 4 General Unsecured Claim shall receive from the Disbursing Agent, unless otherwise agreed in writing between the Debtor and the holder of such Claim, its Pro Rata payment from the remaining Cash from the Sale Proceeds after payment of Statutory Fees, Administrative Claims, Professional Fee Claims, Non Tax Priority Claims, Priority Tax Claims, Class 1 Claims, Class 2 Claims, and Class 3 Claims. The allowed unsecured claims total $2,371,056.48. Class 4 Claims are Impaired, and the holders of Class 4 Claims are entitled to vote to accept or reject the Plan. Class 5 consists of Equity Interests. On the Effective Date, all Equity Interest Holders shall retain the value of their Interests that may exist as to any remaining balance of Cash, if any, after payment in full of all Allowed Claims and Classes of Claims against the Debtor. Interests of Equity shall be extinguished, and the Debtor shall remain responsible for either managing or winding down its own affairs without interfering with the Disbursing Agent's performance under the Plan. Class 7 Equity Interests are not receiving any distribution under the Plan. The sale of the Property to be conducted by public auction in accordance with the Bid Procedures, at which auction 54 SCL shall be entitled to a credit bid to the extent permitted by the Terms and Conditions of Sale. Payments under the Plan will be paid from the Sale Proceeds and any Cash of the Debtor. The Sale Transaction will be implemented pursuant to the Bid Procedures. Prior to or on or about the Effective Date, the Property shall be sold to the Purchaser, free and clear of all Liens, Claims and encumbrances (except permitted encumbrances as determined by the Purchaser), with any such Liens, Claims and encumbrances to attach to the Sale Proceeds and disbursed in accordance with the provisions of the Plan. Except as set forth elsewhere in the Plan, all distributions to be made on the Effective Date shall be transferred to the escrow account of the Disbursing Agent at the closing of the Sale Transaction. A full-text copy of the Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=rYMppy from PacerMonitor.com at no charge. Attorneys for the Debtor: Joel M. Shafferman, Esq. Kucker Marino Winiarsky & Bittens, LLP 737 Third Avenue, New York, NY 10017 Telephone: (212) 869-5030 Email: jshafferman@kuckermarino.com About 33 Mako LLC 33 Mako LLC is a real estate company doing business as 54 Sandcastle, which owns a residential property at 54 Sandcastle Lane in Amagansett, New York. The Company focuses on single-asset real estate development and management in the Hamptons area. 33 Mako LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11256) on June 3, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Philip Bentley handles the case. The Debtors are represented by Joel M. Shafferman, Esq. at KUCKER MARINO WINIARSKY & BITTENS, LLP. 729-731 MEEKER: Seeks to Hire Northgate as Real Estate Advisor -------------------------------------------------------------- 729-731 Meeker Group LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Northgate Real Estate Group as real estate advisor. Northgate will assist in the proposed marketing and sale, refinancing, or other disposition of the properties located at: (i) 729-731 Meeker Ave., Brooklyn, New York; (ii) 346 Grand Street, Brooklyn, New York 11211; (iii) 467 Central Ave., Brooklyn, New York; (iv) 80 New York Ave., Brooklyn, New York 11216; (v) 81-83 Stockholm Street, Brooklyn, New York; and (vi) 169 Troutman Street, Brooklyn, New York 11222. Northgate is entitled to these compensation: (i) a 3 percent commission in the form of a buyer's premium, if the Properties are sold to a third party or an unrelated assignee of the secured creditor's credit bid, (ii) a fee in the amount of $110,000 if the secured creditor credit bids and closed on its bid, (iii) a 6 percent refinancing fee if the Properties is refinanced, or (iv) a minimum $110,000 fee. Greg Corbin, president at Northgate Real Estate 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: Greg Corbin Northgate Real Estate Group 1633 Broadway 46th Floor New York, NY 10019 Telephone: (212) 419-8101 Email: Greg@northgatereg.com About 729-731 Meeker Group 729-731 Meeker Group LLC is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). 729-731 Meeker Group LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-42846) on July 9, 2024. In the petition signed by Mitchell Steiman, vice president of restructuring, 729-731 Meeker Group disclosed between $1 million and $10 million in both assets and liabilities. The Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtors tapped Joel M. Shafferman, Esq., at Shafferman & Feldman LLP as counsel and FIA Capital Partners LLC as restructuring advisor. 741 INC: Section 341(a) Meeting of Creditors on October 2 --------------------------------------------------------- On August 28, 2025, 741 Inc. filed Chapter 11 protection in the District of Colorado. According to court filing, the Debtor reports $6,760,662 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be held on October 2, 2025 at 01:00 PM at Telephonic Chapter 11: Phone 888-330-1716, Access Code 8602461#. About 741 Inc. 741 Inc., doing business as Wisdom Rides of America, manufactures and designs amusement rides from its base in Merino, Colorado. The Company produces attractions such as roller coasters, family rides, and thrill rides, and also provides refurbishment, parts, and maintenance services. Its products serve amusement parks, traveling carnivals, and family entertainment centers across the United States and internationally. 741 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-15550) on August 28, 2025. In its petition, the Debtor reports total assets of $1,425,326 and total liabilities of $6,760,662. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. 901 MERRICK: Seeks Cash Collateral Access ----------------------------------------- 901 Merrick Road, LLC asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection to its secured creditor, Kearny Bank. The Debtor owns a small retail shopping center located at 901 Merrick Road, Copiague, New York. The property includes two buildings: one formerly occupied by Rite Aid, which has since defaulted and surrendered its lease and another building with four smaller retail units that are currently rented. However, due to the loss of the anchor tenant (Rite Aid), the property's cash flow has dropped significantly, with only limited income from the smaller tenants, one of which is still under rent abatement. In response to the vacancy, the Debtor engaged a broker and identified a prospective purchaser interested in acquiring the former Rite Aid building. The parties entered into a contingent contract of sale in April, which requires a subdivision of the property and municipal approvals. Both sides have retained zoning attorneys and professionals (subject to court approval), and efforts are underway to prepare the necessary submissions. The approval process is estimated to take six to 12 months. The Debtor believes that this proposed sale is in the best interests of all parties because it would allow it to pay down or pay off the existing mortgage held by Kearny Bank and retain ownership of the remaining portion of the property, which has significant value and could provide positive cash flow or serve as collateral for refinancing. As of the petition date, Kearny Bank is the only secured creditor of the Debtor, holding a mortgage originally issued in 2017 in the principal amount of $6.78 million, secured by an amended and restated note, mortgage, and assignment of leases and rents. The bank's lien covers both real and personal property of the Debtor, including all rents, income, and profits generated by the property. Following the loss of Rite Aid and a period of negative cash flow, the Debtor entered into a "Change in Terms Agreement" with Kearny Bank in April 2024, which temporarily allowed for interest-only payments. However, the Debtor ultimately defaulted on that agreement, leading the lender to accelerate the loan and demand payment in full. As of the filing, the amount due is approximately $6.25 million, as reflected in Kearny Bank's proof of claim. To comply with the Bankruptcy Code's requirement that secured creditors be granted "adequate protection" when their collateral is used post-petition, the Debtor proposes several forms of protection for Kearny Bank. First, Kearny will receive replacement liens on all post-petition assets and proceeds to the same extent and priority as its pre-petition liens. These replacement liens are subject only to a limited "carveout" for (i) U.S. Trustee fees, (ii) professional fees (up to $30,000), (iii) a $10,000 cushion for a future Chapter 7 trustee if the case is converted, and (iv) proceeds of avoidance actions under Chapter 5 of the Bankruptcy Code. Second, the Debtor will make monthly interest-only payments to Kearny Bank at the rate of $613.52 per day, paid by the fifth of each month. A hearing on the matter is set for September 12. About 901 Merrick Road LLC 901 Merrick Road LLC is a single-asset real estate company that owns the property located at 901 Merrick Road, Copiague, New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-43271) on July 9, 2025. In the petition signed by Rubin Margules, authorized signatory, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Elizabeth S. Stong oversees the case. Erica Aisner, Esq., at Kirby Aisner & Curley, LLP, represents the Debtor as legal counsel. 925 N MIAMI: Miami Real Property Up for Sale on October 16 ---------------------------------------------------------- The 100% of the limited liability company interests in 925 N Miami LLC, a Delaware limited liability company ("Pledged Entity"), together with all related rights and property relating thereto as described in the Membership Interest Pledge Agreement ("Collateral"), will be offered for sale at a public auction on Oct. 16, 2025 at 11:00 AM Eastern Prevailing Time. The sale will be conducted both via Zoom (or a similar online platform) and in the offices of Shutts & Bowen LLP, 200 S. Biscayne Blvd, Suite 4100, Miami, FL 33131. The principal asset of Pledged Entity is commercial real property located at 941 N Miami Ave, Miami, FL 33136 ("Property"). This sale is held to enforce the rights of TIG Romspen US Master Mortgage LP, an exempted Cayman Islands limited partnership ("Secured Party"), as secured party, under, among other things, (A) that certain Loan Agreement dated August 18, 2022 ("Loan Agreement") between Secured Party and 925 N Miami LLC, a Delaware limited liability company ("Debtor"), and (B) that certain Membership Interest Pledge Agreement dated Aug. 19, 2022 ("Pledge Agreement") between Secured Party and Lynd Living World Center LLC ("Pledgor"). Both (A) and (B) are currently held by Secured Party. Secured Party will be permitted to bid at the sale, and notwithstanding any requirement herein that the sale of the Collateral be for cash, Secured Party may credit bid all or any portion of the outstanding balance of the amounts due under the Loan Agreement and any other corresponding loan documents. Secured Party reserves the right, in its sole and absolute discretion (for any reason or no reason), to (a) reject all bids and terminate the sale or adjourn the sale to such other date and time as Secured Party may deem proper, by announcement at the place and on the date of such sale, and any subsequent adjournment thereof, without further publication, and (b) impose any other commercially reasonable conditions upon the sale of the Collateral as Secured Party may deem proper in its sole and absolute discretion. Interested parties who would like additional information regarding the Collateral and the terms of the public sale should execute the confidentiality agreement which can be reviewed at the website http://www.941NorthMiamiAveUCCSale.com. For questions and inquiries, please contact: Brett Rosenberg Jones Lang LaSalle Americas Inc. 330 Madison Avenue, Floor 4 New York, NY 10017 Tel: (212) 812-5926 Email: brett.rosenberg@jll.com A.Z.N. REALTY: Seeks to Extend Plan Exclusivity to November 10 -------------------------------------------------------------- A.Z.N. Realty LLC asked the U.S. Bankruptcy Court for the Eastern District of New York to extend its exclusivity period to file a plan of reorganization to November 10, 2025. The Debtor is the owner of a 13-unit commercial office building located at 13 East 37th Street, New York, NY (the "Property"). Since the commencement of the case, the Debtor has been negotiating with Flushing Bank over the terms of a cash collateral agreement, and the procedures to be followed in selling the Property at auction following a vigorous marketing campaign. To that end, the Debtor is drafting motion papers to retain a broker, authorize to sell the Property free and clear of liens and encumbrances pursuant to Section 363(b) and (f), and approve of bid procedures to be used in the marketing campaign and following auction in an effort to maximize the value recovered from the proposed sale of the Property. The Debtor anticipates that the sale process will be well under way before the end of September. The Debtor explains that it is seeking an extension of the current September 10 exclusivity deadline to preserve the status quo while the plan and sale processes unfold. A.Z.N. Realty LLC is represented by: Goldberg Weprin Finkel Goldstein LLP J. Ted Donovan, Esq. 125 Park Avenue, 12th Floor New York, NY 10017 Telephone: (212)221-5700 About A.Z.N. Realty LLC A.Z.N. Realty LLC owns a commercial office building located at 13 East 37th Street in New York, NY. The Property is improved by an eight story building, occupied by a Chinese restaurant on the ground floor, with eight other tenants occupying various spaces and three currently vacant. A.Z.N. Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42314) on May 13, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Kevin Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP. Flushing Bank, as lender, is represented by: Frank Dell'Amore, Esq. Jaspan Schlesinger Narendran, LLP 300 Garden City Plaza, 5th Floor Garden City, New Jersey Tel: (516) 393-8289 AIRNET TECH: Sets Sept. 3 Shareholder Meeting for Key Resolutions ----------------------------------------------------------------- AirNet Technology Inc., a Cayman Islands exempted company, issued a Notice to the U.S. Securities and Exchange Commission that it will hold its Extraordinary General Meeting of shareholders at 10:00 P.M., Eastern Time, on September 3, 2025 at ROOM 1101, 11/F., CAPITAL CENTRE, 151 GLOUCESTER ROAD, WANCHAI, HONG KONG., to consider and, if thought fit, to pass, the following resolutions: 1. As an ordinary resolution, to approve an amendment of the share capital of the Company (the "Share Capital Amendment") from US$1,000,000 divided into: (i) 900,000,000 ordinary shares of a par value of US$0.001 each ("Ordinary Shares"); and (ii) 100,000,000 preferred shares of a par value of US$0.001 each ("Preferred Shares") to US$1,000,000 divided into: (i) 900,000,000 Class A Ordinary Shares of a par value of US$0.001 each ("Class A Shares"); and (ii) 100,000,000 Class B Ordinary shares of a par value of US$0.001 each ("Class B Shares"), in each case having the rights and subject to the restrictions set out in the Amended M&A (hereinafter defined) by: a) all issued Ordinary Shares (being 31,195,477 Ordinary Shares) be re-designated as Class A Shares; b) 868,804,523 authorized but unissued Ordinary Shares be re-designated as Class A Share; and c) 100,000,000 authorized but unissued Preferred Shares be re-designated as Class B Shares. 2. Subject to the approval and implementation of the Share Capital Amendment, as an ordinary resolution, to authorize the Company's board of directors (the "Board") to effect a reverse share split (the "Reverse Share Split" and share consolidation (the "Share Consolidation") (the Reverse Share Split and Share Consolidation, the "Reverse Share Split and Share Consolidation"), of the Company's authorized and issued share capital, at a ratio of up to one-for-one hundred, but in any case at a ratio of not less than one-for-five (the "Approved Consolidation Ratio"), at a date to be determined by the Board, with the exact ratios to be set at a whole number within this range, as determined by the Board in its sole discretion, such that the number of authorized and issued Class A Ordinary Shares and Class B Ordinary Shares is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased by the Approved Consolidation Ratio. Such Reverse Share Split and Share Consolidation to be effected, at the specific Approved Consolidation Ratio (subject to the above maximum), as to be determined by the Board, and in order to effect the Reverse Share Split and Share Consolidation and subject to adjustment pending the Board's determination of the precise Approved Consolidation Ratio of the Reverse Share Split and Share Consolidation, the authorized share capital of the Company shall be altered from US$1,000,000 divided into (i) 900,000,000 Class A Ordinary Shares of a par value of US$0.001 each, and (ii) 100,000,000 Class B Ordinary Shares of a par value of US$0.001 each, to US$1,000,000 divided into (i) as low as 9,000,000 Class A Ordinary Shares of a par value of US$0.1 each and 1,000,000 Class B Ordinary Shares of a par value of US$0.1 each (the "Reverse Share Split and Share Consolidation Proposal"); authorization of the Reverse Share Split and Share Consolidation Proposal to be approved as an ordinary resolution. 3. As a special resolution, to approve that the Company's name be changed from "AirNet Technology Inc." to "Yueda Digital Holding" (the "Name Change Proposal") 4. Subject to the approval of Resolutions 1, 2 and 3, as a special resolution, the second amended and restated memorandum and articles of association of the Company currently in effect be amended and restated by the deletion in their entirety and the substitution in their place the third amended and restated memorandum and articles of association of the Company (the "Amended M&A") annexed hereto. 5. As an ordinary resolution, to approve the proposed sale of our subsidiaries, Broad Cosmos Enterprises Ltd., a British Virgin Islands company ("Broad Cosmos"), Air Net International Limited, a British Virgin Islands company ("Air Net International"), Air Net (China) Limited, a Hong Kong company ("Air Net China"), Shenzhen Yuehang Information Technology Co., Ltd., a PRC company ("Shenzhen Yuehang"), Xian Shengshi Dinghong Information Technology Co., Ltd., a PRC company ("Xian Shengshi"), Yuehang Chuangyi Technology (Beijing) Co., Ltd., a PRC company ("Yuehang Chuangyi", together with Broad Cosmos, Air Net International, Air Net China, Shenzhen Yuehang, Xian Shengshi, the "Targets"), to AR iCapital LLP, a Singaporean company, in exchange for nominal cash consideration of $1 (the "Consideration") (the "Transaction" or "Transaction Proposal"). 6. As an ordinary resolution, to approve and adopt the Company's 2025 Equity Incentive Plan (the "2025 Plan") and all transactions contemplated thereunder, including the reservation and issuance of shares. About AirNet Technology AirNet Technology Inc. was incorporated in the Cayman Islands on April 12, 2007. AirNet, its subsidiaries, through its variable interest entities and the VIEs' subsidiaries, operate its out-of-home advertising network, primarily air travel advertising network, in the People's Republic of China. The Company also conducts cryptocurrencies mining business operations by its Hong Kong subsidiary, Blockchain Dynamics Limited. Singapore-based Assentsure PAC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated May 2, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has a history of operating losses and negative operating cash flows and has negative working capital of approximately US$52.6 million as of December 31, 2024. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Historically, the Company has relied principally on both operational sources of cash and non-operational sources of equity and debt financing to fund its operations and business development. The Company's ability to continue as a going concern depends on management's ability to successfully execute its business plan which includes increasing the utilization rate of existing staffs and potential financing from public market or private placement. However, there is no assurance that the measures can be achieved as planned. As of Dec. 31, 2024, the Company had $72.17 million in total assets, $93.26 million in total liabilities, and a total deficit of $21.09 million. ALACHUA GOVERNMENT: Comm. Taps M3 Advisory as Financial Advisor --------------------------------------------------------------- The Official Committee of Unsecured Creditors of Alachua Government Services, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire M3 Advisory Partners, LP as financial advisor. The firm will render these services: -- assist in the analysis, review, and monitoring of the restructuring process, including, but not limited to, an assessment of the unsecured claims pool and potential recoveries for unsecured creditors; -- develop information regarding the Debtor's assets and their potential values under different scenarios; -- monitor and, to the extent appropriate, assist the Debtor in efforts to develop and solicit transactions that would support unsecured creditor recovery; -- assist the Committee in identifying, valuing, and pursuing estate causes of action, including, but not limited to, relating to prepetition transactions; -- assist the Committee to analyze, classify and address claims against the Debtor and to participate effectively in any effort in this chapter 11 case to estimate (in any formal or informal sense) contingent, unliquidated, and disputed claims; -- advise the Committee in negotiations with the Debtor, certain of the Debtor's stakeholders, and third parties; -- assist the Committee in reviewing the Debtor's financial reports; -- assist the Committee in reviewing the Debtor's cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; -- review and provide analysis of the present and any subsequently proposed or potential debtor-in-possession financing or use of cash collateral; -- assist the Committee in evaluating and analyzing avoidance actions, including fraudulent conveyances and preferential transfers; -- assist the Committee in investigating whether any unencumbered assets at the Debtor exist; -- review and provide analysis of any proposed disclosure statement and chapter 11 plan and, if appropriate, assist the Committee in developing an alternative chapter 11 plan; -- attend meetings and assist in discussions with the Committee, the Debtor, the U.S. Trustee and other parties in interest and professionals; -- present at meetings of the Committee, as well as meetings with other key stakeholders and parties; -- perform such other advisory services for the Committee as may be necessary or proper in these proceedings, subject to the aforementioned scope; and -- provide testimony on behalf of the Committee as and when may be deemed appropriate. M3 Partners' adjusted hourly rates are: Managing Partner $1,500 Senior Managing Director $1,390 Managing Director $1,150 to 1,290 Senior Director $1,120 Director $940 to 1,060 Vice President $840 Senior Associate $725 Associate $615 Analyst $500 As disclosed in the court filings, M3 Partners is a "disinterested person" as that term is defined in Bankruptcy Code section 101(14). Robert Winning, a managing director at M3 Advisory Partners, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert Winning M3 Advisory Partners LP 1700 Broadway 19th Floor New York, NY 10019 Telephone: (212) 202-2200 About Alachua Government Services, Inc. Alachua Government Services Inc., is a pharmaceutical and medicine manufacturing company formerly known as Ology Bioservices. The company, based in Alachua, Florida, operates in the pharmaceutical manufacturing sector. Alachua Government Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11289) on July 6, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Judge J. Kate Stickles oversees the case. Richards, Layton & Finger, P.A. is Debtor's legal counsel. ALACHUA GOVERNMENT: Committee Taps Goodwin Procter as Co-Counsel ---------------------------------------------------------------- The Official Committee of Unsecured Creditors of Alachua Government Services, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Goodwin Procter LLP as co-counsel. The firm's services include: (a) providing legal advice as necessary with respect to the Committee's powers and duties as an official committee appointed under Bankruptcy Code Section 1102; (b) assisting the Committee in investigating the acts, conduct, assets, liabilities, and financial condition of the Debtors, the operation of the Debtors' business, potential claims, and any other matters relevant to these cases, or for the formulation of a plan of reorganization or liquidation (a "Plan"); (c) providing legal advice as necessary with respect to any sales of the Debtors' assets pursuant to Bankruptcy Code Section 363; (d) participating in the formulation of a Plan and any related disclosure statement; (e) preparing on behalf of the Committee, as necessary, applications, motions, objections, complaints, answers, orders, agreements, and other legal papers; (f) appearing in Court to present necessary motions, applications, objections, and pleadings, and otherwise protecting the interests of those represented by the Committee; (g) litigating on behalf of the Committee, including conducting depositions and serving discovery; (h) assisting the Committee in requesting the appointment of a trustee or examiner, should such action be necessary; and (i) performing such other legal services as may be required and as are in the best interests of the Committee and creditors. The firms will be paid as follows: Partners $1,260 to $2,205 per hour Counsel $1,170 to $2,052 per hour Associates $783 to $1,233 per hour Paralegals $342 to $666 per hour Alexander J. Nicas, Esq., a partner at Goodwin Procter 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: Alexander J. Nicas, Esq. Goodwin Procter, LLP The New York Times Building 620 Eighth Avenue New York, NY 10018 Phone: (212) 459-7460 Email: anicas@goodwinlaw.com About Alachua Government Services, Inc. Alachua Government Services Inc., is a pharmaceutical and medicine manufacturing company formerly known as Ology Bioservices. The company, based in Alachua, Florida, operates in the pharmaceutical manufacturing sector. Alachua Government Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11289) on July 6, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Judge J. Kate Stickles oversees the case. Richards, Layton & Finger, P.A. is Debtor's legal counsel. ALACHUA GOVERNMENT: Committee Taps Robinson & Cole as Counsel ------------------------------------------------------------- The official committee of unsecured creditors of Alachua Government Services, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Robinson & Cole LLP as its co-counsel and Delaware counsel. The firm's services include: (a) advising the Committee with respect to its powers and duties under the Bankruptcy Code, the Federal Rules of Bankruptcy Procedures, and the Local Rules for the United States Bankruptcy Court for the District of Delaware; (b) assisting and advising the Committee in evaluating the Debtor's chapter 11 filing; (c) assisting and advising the Committee in its discussions with the Debtor and other parties-in-interest regarding the overall administration of this Chapter 11 Case; (d) assisting and advising the Committee in its examination and analysis of the conduct of the Debtor's affairs; (e) analyzing, advising and representing the Committee with regard to any causes of action belonging to the Debtor's estate, including, without limitation, reviewing and investigating pre-petition transactions in which the Debtor and/or its insiders were involved, pre-petition contracts and other arrangements to which the Debtor was a party, and pre-petition relationships with its parent and affiliates; (f) assisting, advising, and representing the Committee in analyzing and investigating the acts, conduct, assets, liabilities, corporate structure, and financial condition of the Debtor, including, without limitation, the Debtor's financial disclosures and related matters, the Debtor's operations, the desirability of the continuance of those operations, and any other matters relevant to this case; (g) reviewing and analyzing pleadings, orders, schedules, and other documents filed and to be filed with this Court by interested parties in this case; advising the Committee as to the necessity, propriety, and impact of the foregoing upon this case; and responding, including consenting or objecting, to pleadings or orders on behalf of the Committee, as appropriate; (h) assisting the Committee in preparing such applications, motions, memoranda, proposed orders, and other pleadings as may be required in support of positions taken by the Committee, including all trial preparation as may be necessary; (i) representing the Committee at hearings to be held before this Court, any appellate courts, the UST, and communicating with the Committee regarding the matters heard and the issues raised as well as the decisions and considerations of this Court; (j) conferring with the professionals retained by the Debtor and other parties-in-interest, as well as with such other professionals as may be selected and employed by the Committee; (k) coordinating the receipt and dissemination of information prepared by and received from the Debtor's professionals, as well as such information as may be received from professionals engaged, the Committee, or other parties-in-interest in this case; (l) participating in such examinations of the Debtor and other witnesses as may be necessary in connection with this Chapter 11 Case; (m) negotiating and formulating any plan of reorganization for the Debtor that may be proposed in this case; (n) serving as local Delaware counsel by filing all necessary pleadings and ensuring compliance with the applicable local rules and requirements; (o) assisting the Committee and providing advice concerning the proposed sale and liquidation of the Debtor's assets, including, without limitation, real property, personal property (including equipment), and intangible assets of every kind and nature (including intellectual property and royalty streams), and addressing issues concerning potential competing bidders and the auction process; and (p) assisting the Committee generally in performing such other legal services as may be desirable or required for the discharge of the Committee's duties or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. Robinson & Cole will be paid at these rates: Partners $550 to $2,015 per hour Counsel $525 to $1,200 per hour Associates $300 to $675 per hour Paralegals $250 to $500 per hour In addition, the firm will be reimbursed for out-of-pocket expenses incurred. Pursuant to paragraph D, section 1 of the Revised U.S. Trustee Guidelines, Robinson & Cole responds to the questions set forth therein as follows: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post petition, explain the difference and the reasons for the difference. Response: Robinson & Cole did not represent the Committee prepetition. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: The Committee and Robinson & Cole expect to work together to develop a budget and staffing plan for this Chapter 11 Case. The Committee has approved Robinson & Cole’s proposed hourly billing rates. Natalie Ramsey, Esq., a partner at Robinson & Cole, 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: Natalie D. Ramsey, Esq. Laurie A. Krepto, Esq. Robinson & Cole, LLP 1201 N. Market Street, Suite 1406 Wilmington, DE 19801 Tel: (302) 516-1700 Email: nramsey@rc.com lkrepto@rc.com About Alachua Government Services, Inc. Alachua Government Services Inc., is a pharmaceutical and medicine manufacturing company formerly known as Ology Bioservices. The company, based in Alachua, Florida, operates in the pharmaceutical manufacturing sector. Alachua Government Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11289) on July 6, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Judge J. Kate Stickles oversees the case. Richards, Layton & Finger, P.A. is Debtor's legal counsel. ALIEN TECHNOLOGIES: Unsecureds to Get Share of Income for 3 Years ----------------------------------------------------------------- Alien Technologies Corporation filed with the U.S. Bankruptcy Court for the Middle District of Florida a First Amended Subchapter V Plan of Reorganization dated August 22, 2025. For over twelve years the Debtor has operated under a successful business model specializing in the logistics and manufacturing of innovative hardtop removal tools for Jeep Wrangler and Ford Bronco owners. The Debtor is owned by Frederick W. Hall who holds 80% of the equity interests, and Karla Barry, who holds 20% of the equity interests. The company's primary operations consist of design, manufacturing, warehousing, and distribution of its proprietary hardtop removal systems, with sales conducted through its direct-to-consumer channels throughout the United States. The extensive litigation with Truist that ensued, coupled with the tariffs announced at the beginning of this year, depleted the Debtor's assets and caused uncertainty during a time when it needed to prepare for its busy summer season. By filing chapter 11, subchapter V, the Debtor will be able to return to its solid business model that had made it successful for over twelve years before the Truist issues occurred. The Debtor projects having approximately $20,000.00 in Cash in the Debtor’s DIP accounts on the Effective Date. On the Effective Date, the Debtor will have sufficient Cash to pay the following amounts due on the Effective Date: (i) the payment of the undersigned counsel's administrative expense claim which has been filed in the amount of $17,000.00; (ii) the administrative expense claim of the Subchapter V Trustee in the current amount of $1,000.00; (iii) administrative expense claim of Brevard County Tax Collector for the Ad Valorem 2024 Taxes of $1,772.18. The Subchapter V Trustee may have supplemental or additional amounts due on the Effective Date, but the Debtor projects needing only $19,772.18 out of the $20,000.00 in available Cash to pay amounts due on the Effective Date. Furthermore, the Debtor is current with the Subchapter V Trustee fees and expects to remain current through the Confirmation Date, and the Effective Date. The total Projected Disposable Income of the Debtor over the life of the First Amended Plan is $36,000.00. The Debtor's projections support the ability to make each of the Payments required by the terms of the Settlement Agreement. A primary component of the Debtor's First Amended Plan is to assume the Settlement Agreement between the Debtor and Truist, where Truist has agreed to the amount of $389,801.68, with a fixed rate of 9.00% per annum (the "Settlement Amount") to satisfy the currently owed $403,816.07 under the LOC. The Debtor will pay the Settlement Amount in monthly payments of $4,000.00, paid in sixty equal monthly installments, and an additional payment every twelfth month (i.e., in months 12, 24, 36, 48, and 60) in the amount of $51,176.56, for a total of five additional payments over the course of sixty months, with the first payment of $4,000.00 due on the 25th day of the month after the Effective Date and shall continue on the 25th day of each following month until the Settlement Amount is paid in full. The First Amended Plan provides for the orderly payment of Allowed Claims with the Debtor's projected disposable income over the life of the First Amended Plan. The Debtor will pay in full all Allowed Administrative Claims on the Effective Date, unless otherwise agreed to by the holder of any such claim. Class 1 consists of General Unsecured Claims. Subject to the requirements of the Plan, the Bankruptcy Code, or a Final Order, Holders of General Unsecured Claims shall receive approximately a Pro Rata Share of the net sum of the Projected Disposable Income over a three-year period beginning on the Effective Date, after making payment in full of Allowed Administrative Expense Claims, Fee Claims, the Allowed Priority Tax Claim, and the Assumption Amount in accordance with the terms of this Plan. The Reorganized Debtor shall make equal quarterly payments in the amount of $3,000.00 after making payments due under this Plan to Allowed Administrative Expense Claims, Fee Claims, Allowed Priority Tax Claim, and the Settlement Amount for a period of three years beginning on the Effective Date. Payments to General Unsecured Creditors shall be made on a quarterly basis, with the first payment due December 31, 2025. Class 4 consists of Equity Interest Holder. On and after the Effective Date, Frederick W. Hall shall retain his full 80% interest in the Debtor and Karla Barry shall retain her full 20% interest in the Debtor. The Plan contemplates that the Reorganized Debtor will continue to operate the business of the Debtor. The Reorganized Debtor believes that the continued earnings through the operation of the Debtor will be sufficient to fund the payments required to be made under the Plan. Prior to the Effective Date, and subject to the Bankruptcy Code, Final Orders of the Bankruptcy Court, and other applicable law, the Debtor shall use funds generated during the pendency of the bankruptcy case to pay amounts due in the ordinary course and to fund payments due under the Plan on and after the Effective Date. Except as explicitly required by the Plan, the Reorganized Debtor shall have the sole and absolute discretion to use funds generated after the Effective Date without further notice or approval. A full-text copy of the First Amended Plan dated August 22, 2025 is available at https://urlcurt.com/u?l=oakpza from PacerMonitor.com at no charge. About Alien Technologies Corporation Alien Technologies Corporation designs and sells hardtop removal tools and accessories for Jeep Wrangler and Ford Bronco vehicles under the TopLift Pros brand. Alien Technologies Corporation sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03827) on June 20, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Judge Grace E. Robson handles the case. The Debtor is represented by: Jesus Lozano Nardella & Nardella, PLLC Tel: 407-966-2680 Email: jlozano@nardellalaw.com ALLSTAR PROPERTIES: Case Summary & Largest Unsecured Creditors -------------------------------------------------------------- Three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Allstar Properties, LLC 25-41314 4186 Rome Highway Aragon, GA 30104 Allstar Properties I, LLC 25-41315 4186 Rome Highway Aragon GA 30104 ACH Rental Properties, LLC 25-41316 4186 Rome Highway Aragon GA 30104 Business Description: Allstar Properties, LLC, Allstar Properties I, LLC, and ACH Rental Properties, LLC are Georgia-based real estate companies that hold and manage property assets. The Allstar entities focus on property ownership, while ACH Rental Properties provides property management and rental services. Collectively, they operate within the real estate sector across residential and nonresidential properties in the state. Chapter 11 Petition Date: August 31, 2025 Court: United States Bankruptcy Court Northern District of Georgia Judge: Hon. Barbara Ellis-Monro Debtors' Counsel: Anna Humnicky, Esq. SMALL HERRIN, LLP 100 Galleria Parkway Suite 350 Atlanta GA 30339 Tel: 770-783-1800 Email: ahumnicky@smallherrin.com Allstar Properties' Estimated Assets: $10 million to $50 million Allstar Properties' Estimated Liabilities: $10 million to $50 million Allstar Properties I's Estimated Assets: $10 million to $50 million Allstar Properties I's Estimated Liabilities: $10 million to $50 million ACH Rental Properties' Estimated Assets: $1 million to $10 million ACH Rental Properties's Estimated Liabilities: $1 million to $10 million The petitions were signed by Andrew C. Heaner as sole owner and majority member. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/HDHTC4Q/Allstar_Properties_LLC__ganbke-25-41314__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/5EOB6RI/Allstar_Properties_1_LLC__ganbke-25-41315__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/5WJC4RY/ACH_Rental_Properties_LLC__ganbke-25-41316__0001.0.pdf?mcid=tGE4TAMA A. List of Allstar Properties, LLC's 10 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Haralson County Board Taxes & Other $0 of Assessors Government Units PO Box 548 Buchanan, GA, 30113 2. Floyd County Tax Commissioner Taxes & Other $0 P.O. Box 26 Government Units Rome, GA, 30162 3. Polk County Tax Commissioner Taxes & Other $0 144 West Ave Government Units Cedartown, GA, 30125 B. List of Allstar Properties I's Five Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Floyd County Tax Commissioner Taxes & Other $230,815 P.O. Box 26 Government Units Rome, GA, 30162 2. U.S. Small Business Deficiency Balance $156,753 Administration 233 Peachtree Street, NE Suite 300 Atlanta, GA, 30303 3. Haralson County Tax Commissioner Taxes & Other $45,000 4276 Georgia Highway 120 Government Units Buchanan, GA, 30113 4. Polk County Tax Commissioner Taxes & Other $31,260 144 West Ave Government Units Cedartown, GA, 30125 5. City of Aragon Taxes & Other $2,651 Attn: Property Tax Department Government Units 214 Rome Highway Aragon, GA, 30104 ALVIN'S COURIER: Files Emergency Bid to Use Cash Collateral ----------------------------------------------------------- Alvin's Courier Service, Inc. asks the U.S. Bankruptcy Court for the Middle District of Alabama for authority to use cash collateral and provide adequate protection. The Debtor needs access to cash collateral to maintain business operations and prevent significant disruptions that could jeopardize reorganization efforts. The Debtor is involved in the delivery of freight, including packages and letters, for FedEx and has an ongoing annual contract with the company. As of the petition date, the Debtor had three accounts with PNC Bank that were at or near zero or negative balances. The company's accounts receivable were approximately $31,000 from its FedEx contract. The Debtor also faces immediate payroll obligations for the weeks of August 11-15 and August 18-22, totaling $47,600, which must be met to maintain employee relations and business operations. Despite these financial pressures, the Debtor estimates its monthly income at around $120,000. However, these resources are insufficient to cover current liabilities, making it necessary for the Debtor to access its cash collateral to continue operations and ensure the success of its Chapter 11 reorganization. The Debtor identifies several parties with UCC-1 financing statements on file with the Alabama Secretary of State that may assert interests in the Debtor's cash collateral, including the Internal Revenue Service, the State of Alabama, and CT Corporation, as a representative. To provide adequate protection to entities with valid security interests in the cash collateral, the Debtor proposes granting replacement liens on post-petition receivables and positive cash flow, consistent with 11 U.S.C. section 361(2). These replacement liens would be equivalent in scope and priority to any valid prepetition interests. About Alvin's Courier Service Inc. Alvin's Courier Service Inc. is a transportation company providing courier and delivery services in the Montgomery, Alabama area. Alvin's Courier Service Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ala. Case No. 25-31975) on August 21, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $500,000 and $1 million. Anthony B. Bush, Esq., at the Bush Law Firm, LLC, represents the Debtor as legal counsel. AMITY COURT: Updates Liquidating Plan Disclosures ------------------------------------------------- Amity Court, LLC, submitted a First Amended Disclosure Statement for Plan of Liquidation date August 25, 2025. The Plan provides for full payment of all creditors from land lease proceeds, the proceeds from the sale of the land lease, or the proceeds of the sale of the Debtor's real property. An appraisal prepared on September 30, 2024, by Colliers International, which Axos Bank caused to be prepared, values the real property and improvements at $7,780,000, which does not include the value that will be added upon the issuance of the MDP. An appraisal prepared on May 8, 2025 by Kidder Mathews reflects a market value as of April 1, 2025 at $18,275,000 (the "KM Appraisal"). The KM appraisal includes the added value of the MDP. On May 30, 2025, the City of Bellevue informed the Debtor that the MDP was approved and it expected to issue the permit within six weeks of that date. As of the date of this Disclosure Statement, the MDP has not yet been issued. The Debtor expects to receive the permit any day. Class 1 consists of the Secured Claim of Lender (the "Class 1 Claim") and is based upon the Loan. The Class 1 Claim shall be allowed. The Class 1 Claim shall be allowed as of the Effective Date. The Confirmation Order shall specify the dollar amount of the Class 1 Claim as of the Effective Date (the "Class 1 Allowed Claim"). The Holder of the Class 1 Allowed Claim shall retain its liens and security interests until the Class 1 Allowed Claim has been paid in full. Interest shall accrue at 18.0%. However, if (i) there is no default under the terms of this Plan that remains uncured following the expiration of any applicable cure period, and (ii) the Class 1 Allowed Claim is paid in full not later than the Plan Maturity Date, then for purposes of determining the amount of such payment the outstanding balance of the Class 1 Allowed Claim shall be recalculated based upon an interest rate equal to the SOFR Rate in effect as of the first day of each month following the Effective Date plus 475 basis points (4.750%) from the Effective Date to the date the Class 1 Allowed Claim is paid in full. On the Effective Date, the Debtor shall make a one-time payment of $650,000 to be applied to non-default interest. The Debtor shall make monthly payments in the amount of $36,000 each following the Effective Date until the Class 1 Allowed Claim is paid in full not later than the Plan Maturity Date, and the Guarantors have agreed to provide the Debtor with funds as necessary to make each monthly payment. Class 3 consists of all Allowed Unsecured Claims of non-Insider Holders (each, a "Class 3 Claim"). Each Class 3 Claim shall be allowed or disallowed in such amount as to which the Debtor and the claimant may agree or the Court may approve following Notice and Hearing. The Debtor believes that all Class 3 Claims total approximately $124,808.23, without regard to any defenses, setoffs or counterclaims the Debtor may hold as to any such Claims. Each Holder of a Class 3 Claim shall be paid in full upon the sale of the Property in a single payment from Net Sale Proceeds. Interest shall accrue on each Class 3 Claim following the Effective Date at the Federal Judgment Rate until paid in full. In summary, the Debtor will seek to sell the Property or refinance the existing indebtedness prior to the Plan Maturity Date, from the closing of which all Allowed Claims will be paid in full. The Post-Confirmation Debtor will make (from funds provided by the Guarantors) an initial payment to the Holder of the Class 1 Allowed Claim of $650,000 on the Effective Date, and thereafter monthly payments to the Holder of the Class 1 Claim pending the closing of a Transaction. A full-text copy of the First Amended Disclosure Statement dated August 25, 2025 is available at https://urlcurt.com/u?l=CnlCYo from PacerMonitor.com at no charge. Counsel to the Debtor: James L. Day, Esq. Lesley Bohleber, Esq. Bush Kornfeld LLP 601 Union Street, Suite 5000 Seattle, WA 98101 Tel: (206) 292-2110 Email: jday@bskd.com; lbohleber@bskd.com About Amity Court LLC Amity Court, LLC, is the owner of the property situated at 14400 Northeast Bellevue-Redmond Road, Bellevue, Wash., which has an appraised value of $7.78 million. Amity Court filed Chapter 11 petition (Bankr. E.D. Wash. Case No. 25-00240) on February 11, 2025, listing total assets of $7,988,279 and total liabilities of $5,775,823. Judge Whitman L. Holt handles the case. The Debtor is represented by James L. Day, Esq., at Bush Kornfeld, LLP. Axos Bank, as lender, is represented by: Brian T. Peterson, Esq. K&L Gates, LLP 925 Fourth Avenue, Suite 2900 Seattle, WA 98104-1158 Telephone: (206) 623-7580 Email: brian.peterson@klgates.com ARC PROPERTY: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: ARC Property Management Group LLC 201 SW Main Street Ennis, TX 75119 Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-43265 Debtor's Counsel: Robert T. DeMarco, Esq. DEMARCO MITCHELL, PLLC 12770 Coit Road, Suite 850 Dallas TX 75251 Tel: (972) 991-5591 E-mail: robert@demarcomitchell.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Jeremy French as managing member. The Debtor submitted a list of its 20 largest unsecured creditors, but no names were included in the filing. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QVOALJQ/ARC_Property_Management_Group__txnbke-25-43265__0001.0.pdf?mcid=tGE4TAMA ART FOR CAUSE: Seeks to Hire Alla Kachan as Bankruptcy Counsel -------------------------------------------------------------- Art For Cause Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ the Law Offices of Alla Kachan PC as counsel. The firm will render these services: (a) assist the Debtor in administering this Chapter 11 case: (b) make such motions or take such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent the Debtor in prosecuting adversary proceedings to collect assets of the estate and such actions as it deem appropriate; (d) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; (e) negotiate with the Debtor's creditors in formulating a plan of reorganization in this case; (f) draft and prosecute the confirmation of the Debtor's plan of reorganization for this case; (g) render such additional services as the Debtor may require in this case. The firm will be paid at these hourly rates: Attorney $550 Paraprofessionals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $15,000 from the Debtor's principal, Jacquelyn De Jesu and her husband. Alla Kachan, Esq., an attorney at the firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About Art For Cause Inc. Art For Cause Inc. owns a property at 83 Foxwood Drive in Jericho, New York, valued at approximately $1.03 million. Art For Cause Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43201) on July 3, 2025. In its petition, the Debtor reports total assets of $1,049,200 and total liabilities of $755,805. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor tapped the Law Offices of Alla Kachan as counsel and Estelle Miller, CPA, as accountant. ASBESTOS CORP: Advances CCAA, Chapter 15 Restructuring Efforts -------------------------------------------------------------- Asbestos Corporation Limited announced on Aug. 29, 2025, that it continues to advance its restructuring efforts under the Companies' Creditors Arrangement Act, following the issuance of an initial order on May 6, 2025 and of an Amended and Restated Initial Order ("ARIO") by the Superior Court of Quebec (Commercial Division) (on May 15, 2025. The ARIO provided for: -- A stay of proceedings against ACL and its insurers until September 5, 2025, allowing the Company additional time to implement restructuring measures; -- Approval of interim financing of US$20 million by certain of ACL's insurers, of which approximately US$9.5 million (CAD$12.9 million) has been drawn as of June 30, 2025, primarily to cover professional fees and advisory costs related to the restructuring; -- Appointment of Raymond Chabot Inc. as court-appointed Monitor. Since the issuance of the ARIO, ACL has made progress in its restructuring efforts, including: -- Appointment of a Chief Restructuring Officer (CRO): Mr. Leslie Lederer was appointed on June 18, 2025, to support the development and implementation of the claims process and restructuring strategy. -- Resolution of procedural challenges: ACL and its insurers, with the support of the Monitor, successfully defended a contestation filed by a group of U.S. litigants to certain provisions of the ARIO. An application for leave to appeal the dismissal of the contestation is scheduled to be heard on September 25, 2025. -- Advancement of U.S. recognition proceedings: On May 6, 2025, the United States Bankruptcy Court in the Southern District of New York, at the request of the Monitor as foreign representative of ACL, issued a temporary restraining order staying the claims against ACL and its insurers. The Chapter 15 recognition hearing, which deals with cross-border elements of restructurings, is scheduled for September 16, 2025. Despite the pending Application for Leave to Appeal, the hearing is expected to proceed as planned. -- Development of a comprehensive claims process: The parties are actively working to design a comprehensive and efficient claims process. The Company and its insurers, expect to seek approval of a claims bar date order in due time after the recognition order in the Chapter 15 proceedings. ACL remains committed to conducting the restructuring process in a transparent and equitable manner... As disclosed in the Company's unaudited financial statements for the quarter ended June 30, 2025, which are prepared on a consolidated basis with ACL's primary shareholder, Mazarin Inc., ACL recorded a loss primarily attributable to the professional and advisory fees incurred in the CCAA proceedings. ACL financed these costs through the interim financing from certain of its insurers approved by the Court as part of ACL's CCAA proceedings. These expenditures, while significant, are considered essential to advancing the restructuring process and preserving long-term value for stakeholders. The repayment of the interim financing is secured by a super-priority charge on ACL's assets. This charge ranks after that of Mazarin Inc., which holds a universal security interest over ACL's assets. Documents related to the restructuring process, including the ARIO and the Monitor's reports, are available on the Monitor's website: https://www.raymondchabot.com/en/companies/public-records/asbestos-corporation/ Trading of ACL's common shares on the TSX Venture Exchange remains suspended. About Asbestos Corp Ltd. Mazarin Inc. and Asbestos Corporation Limited are two natural resource companies whose focus is on the development of industrial minerals in order to provide value-added products that meet the criteria of customers worldwide with regard to performance and economic and ecological concerns. Mazarin's shares trade on the NEX Board of TSX Venture Exchange under the stock symbol MAZ.H. Asbestos Corporation Limited's shares trade on the NEX Board of TSX Venture Exchange under the stock symbol AB.H. Asbestos Corp Ltd. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10934) on May 6, 2025. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor's foreign representative is represented by Evan C. Hollander, Esq. at ORRICK, HERRINGTON & SUTCLIFFE LLP. Raymond Chabot, Inc. is the Debtor's foreign representative. ASPEN ELECTRONICS: Hires Taft Stettinius as Special Counsel ----------------------------------------------------------- Aspen Electronics Manufacturing, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Taft Stettinius & Hollister LLP as special counsel. Sherman & Howard L.L.C., which merged into Taft Stettinius & Hollister LLP, effective January 1, 2025, advised the Debtor and drafted the pre-Petition Date documents for the termination of the ESOP. The firm will provide legal assistance in connection with the Debtor's Employee Stock Ownership Plan, and related issues. The Debtor paid the firm $35,322.50 within a year of the Petition Date, and owes the firm $40,260 as of the Petition Date. The firm has not incurred any fees or costs post-Petition Date. Mr. Bronesky disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph J. Bronesky, Esq. Taft Stettinius & Hollister LLP 675 Fifteenth Street, Suite 2300 Denver, CO 80202 Tel: (303) 297-2900 About Aspen Electronics Manufacturing, Inc. Aspen Electronics Manufacturing Inc., an electronics manufacturer in Westminster, Colorado, sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 24-16558) on Nov. 1, 2024. In the petition filed by Giao Le, president, the Debtor disclosed total assets of $1,828,289 and total liabilities of $2,710,940. Judge Joseph G. Rosania Jr. oversees the case. The Debtor tapped Jenny M.F. Fujii, Esq., at Kutner Brinen Dickey Riley PC and Laurin H. Mills, Esq., at Werther & Mills, LLC as special counsel. ASSET DISCOVERY: Case Summary & One Unsecured Creditor ------------------------------------------------------ Debtor: Asset Discovery, LLC VW Builders 422 Whispering Hills Drive Duncanville, TX 75137 Business Description: Asset Discovery LLC, doing business as VW Builders, provides residential construction and real estate asset recovery services from Duncanville, Texas. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-33361 Debtor's Counsel: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Tel: (972) 991-5591 E-mail: robert@demarcomitchell.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Vincent Walker as managing member. The Debtor identified the U.S. Small Business Administration Disaster Assistance, based in Fort Worth, Texas, at 14925 Kingsport Road, as its only unsecured creditor, with a reported claim of $420,705. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TGMKJJQ/Asset_Discovery_LLC__txnbke-25-33361__0001.0.pdf?mcid=tGE4TAMA ASSURE AFFORDABLE: Taps Berkshire Hathaway as Real Estate Broker ---------------------------------------------------------------- Assure Affordable Homes, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to hire Berkshire Hathaway HomeServices, via Bryan J. Redmond, to serve as real estate broker in its Chapter 11 case. Berkshire Hathaway HomeServices will provide these services: (a) exclusively sell the Joy Property and market the Schaefer Property; (b) assist in achieving the highest and best value for the Schaefer Property, not less than $2.4 million, to pay secured and priority creditors 100% of their claims; (c) utilize its property management group, appraisers, real estate agents, and access to MLS; and (d) provide advertising resources and experience to ensure a timely sale. Berkshire Hathaway HomeServices shall receive a 2.5% commission on the final sale of the Schaefer Property. Berkshire Hathaway HomeServices is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Bryan J. Redmond, Jr. Berkshire Hathaway HomeServices 19900 E. 10 Mile Rd. St. Clair Shores, MI 48080 E-mail: bredmondjr@gmail.com About Assure Affordable Homes Inc. Assure Affordable Homes Inc. specializes in third-party real estate management and provides professional property appraisal services. Assure Affordable Homes Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-47953) on August 7, 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 A. Randon handles the case. The Debtor is represented by Alexander J. Berry-Santoro, Esq. at MAXWELL DUNN PLC. ATLANTIC NATURAL: Plan Exclusivity Period Extended to November 3 ---------------------------------------------------------------- Judge Meredith S. Grabill of the U.S. Bankruptcy Court for the Eastern District of Louisiana extended Atlantic Natural Foods, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 3, 2025 and January 2, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that cause exists to extend its Exclusive Periods. First, this is the Debtor's first request for an extension, and not a lot of time has elapsed in the Case, less than four months since the Petition Date. Second, this Case has been complex, admittedly this is not a "mega case," but the Debtor's case involves international operations, diminished resources, managing the burdens of tariffs, the presence of a non-cooperative equity-holder, lien challenges, multiple asset sales, to include a transformative transaction in the Business Sale, in multiple locations, working with the secured lender to be able to fund the Case with cash collateral, and many other challenges. Third, without an extension, the Debtor may face extra delay, disruption, and costs as it would have to allocate time, effort, and money to addressing potentially competing chapter 11 plans. With the ongoing sales processes, the Debtor cannot afford the distraction of competing plans and should be given an opportunity to extend its Exclusive Periods. Terminating the Exclusive Periods could have the opposite result, inviting disruptive and costly litigation. Fourth, the Debtor has made progress in negotiations with its creditors and has demonstrated good faith toward a chapter 11 plan. The Debtor has been consensually using cash collateral to fund the Case and pay its post-petition debts as they come due, and the Debtor has been earnestly seeking buyers of its assets as the record reflects through the sales motions, Bidding Procedures Order, and the application to employ an auctioneer. Fifth, the Debtor not seeking an extension as a means to pressure creditors. The Debtor requests a brief extension of the Exclusive Periods to provide a sufficient window to consummate its asset sales and determine the actual remaining pool of and priority of secured claims without the disruption and distraction created by competing plan proposals. Once these sales close, the Debtors will have more clarity on whether a chapter 11 plan is viable and the next steps for the Case. Atlantic Natural Foods, LLC is represented by: Tristan Manthey, Esq. Cherie Dessauer Nobles, Esq. Joseph A. Caneco, Esq. Fishman Haygood LLP 201 St. Charles Avenue, Suite 4600 New Orleans, LA 70170 Telephone: (504) 586-5252 Facsimile: (504) 586-5250 Email: tmanthey@fishmanhaygood.com About Atlantic Natural Foods Atlantic Natural Foods, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-10676) on April 7, 2025, listing between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. J. Douglas Hines, manager, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor tapped Tristan Manthey, Esq., at Fishman Haygood, LLP as counsel and Malcom M. Dienes LLC as accountant. AUDACIOUS DESIGNS: Seeks to Hire The Lane Law Firm as Counsel ------------------------------------------------------------- Audacious Designs, LLC 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 provide these services: (a) assist, advise and represent the Debtor relative to the administration of the Chapter 11 case; (b) assist, advise and represent the Debtor in analyzing its assets and liabilities, 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) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this court, the appellate courts, and other courts in which matters may be heard and to protect the interests of the Debtor before said courts and the United States Trustee; and (g) perform all other necessary legal services in this case. The firm will be paid at these hourly rates: Robert Lane, Attorney $650 Joshua Gordon, Senior Associate $625 Zach Casas, Attorney $575 Kyle Garza, Attorney $450 Grant Bullwinkel, Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received multiple payments from Debtor totaling $35,000 from April 26, 2024 through July 22, 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 About Audacious Designs, LLC Audacious Designs, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-70128-smr) on August 18, 2025. In the petition signed by Rachel Niederhofer, manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Shad Robinson oversees the case. Robert C Lane, Esq., at The Lane Law Firm, represents the Debtor as legal counsel. AXE HANDLE: Hires Kurtzman Steady LLC as Legal Counsel ------------------------------------------------------ Axe Handle LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Kurtzman Steady, LLC as its legal counsel. The firm's services include legal advice concerning the Debtor's powers and duties under the Bankruptcy Code; investigation of potential causes of action; preparation of a plan of reorganization; and representation of the Debtor in its dealings with creditors. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The retainer fee is $30,000. As disclosed in court filings, the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeffrey Kurtzman, Esq. Kurtzman | Steady, LLC 101 N. Washington Avenue, Suite 4A Margate, NJ 08402 Tel: (215) 839-1222 About Axe Handle LLC Axe Handle, LLC owns a property located at 4610 Axe Handle Road in Quakertown, Pennsylvania, with an estimated value of $1 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-13292) on August 19, 2025, with $1,198,392 in assets and $412,706 in liabilities. Shawn Touhill, in his capacity as manager, signed the petition. Judge Ashely M. Chan presides over the case. Jeffrey Kurtzman, Esq., at Kurtzman | Steady, LLC represents the Debtor as legal counsel. BHAVI HOSPITALITY: Creditors Seek Involuntary Chapter 11 in Texas ----------------------------------------------------------------- On August 29, 2025, Bhavi Hospitality LLC's creditors filed involuntary Chapter 11 protection in the Texas. According to court filing, the Debtor reports in debt owed to 50 and 99 creditors. The petition states funds will be available to unsecured creditors. About Bhavi Hospitality LLC Bhavi Hospitality LLC operates the Holiday Inn Express & Suites in Forney, Texas, a four-story hotel property with amenities including a business center, fitness facilities, a pool, and meeting space. It serves business and leisure travelers in the Dallas Fort Worth metro area. Bhavi Hospitality LLC's creditors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Tex. Case No. 25-33329) on August 29, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. BIO-KEY INTERNATIONAL: Increases Stock Plans by Total 1.4M Shares ----------------------------------------------------------------- BIO-key International, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it held its Annual Meeting of Stockholders on Friday, August 8, 2025. At the Annual Meeting, the stockholders approved: (i) an amendment to the BIO-key International, Inc. 2023 Stock Incentive Plan; and (ii) an amendment to the BIO-key International, Inc. 2021 Employee Stock Purchase Plan. The 2023 Stock Incentive Plan was amended to increase the number of shares available for issuance under the plan by an additional 700,000 shares. Other than increasing the number of shares of common stock available for issuance, the 2023 Stock Incentive Plan was unchanged. The 2021 Employee Stock Purchase Plan was amended to increase the number of shares available for issuance under the plan by an additional 700,000 shares. Other than increasing the number of shares of common stock available for issuance, the 2021 Employee Stock Purchase Plan was unchanged. Amendments to the 2023 Stock Incentive Plan and 2021 Employe Stock Purchase Plan are available at https://tinyurl.com/49zw427s and https://tinyurl.com/3p3p5mb2, respectively. About BIO-key Holmdel, N.J.-based BIO-key International, Inc., founded in 1993, is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions. Henderson, Nev.-based Bush & Associates CPA LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 23, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $10.52 million in total assets, $3.66 million in total liabilities, and $6.85 million in total stockholders' equity. BISHOP OF FRESNO: Committee to Hire Fennemore LLP as Co-Counsel --------------------------------------------------------------- The Official Committee of Unsecured Creditors of The Roman Catholic Bishop of Fresno seeks approval from the U.S. Bankruptcy Court for the Eastern District of California, Fresno Division, to hire Fennemore LLP as co-counsel in the Debtor's Chapter 11 case. Fennemore LLP will provide these services: (a) provide legal advice to the Committee with respect to its duties and powers in this Chapter 11 Case; (b) consult with the Committee and the Debtor concerning administration of this Chapter 11 Case; (c) assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtor, sales under section 363 of the Bankruptcy Code, litigation relating to any of the foregoing, and any other matter relevant to this Chapter 11 Case; (d) assist the Committee in evaluating claims against the estate, including analysis of and possible objections to the validity, priority, amount, subordination, or avoidance of claims and/or transfers of property in consideration of such claims; (e) assist the Committee in participating in the formulation and confirmation of a Chapter 11 plan, including the Committee's communications with unsecured creditors concerning such plan; (f) assist the Committee with any effort to request the appointment of a trustee or examiner; (g) advise and represent the Committee in connection with matters generally arising in this Chapter 11 Case, including the obtaining of credit, the sale of assets, and the rejection or assumption of executory contracts and unexpired leases; (h) appear before this Court, any other federal court, state court or appellate court; (i) provide traditional services of co-counsel including, without limitation: monitoring the docket for filings and coordinating with lead counsel in matters that need response; preparing certifications of counsel, and notices of fee applications and hearings; and preparing documents and pleadings for hearings; and (j) perform such other legal services as may be required and which are in the interests of unsecured creditors or otherwise directed by the Committee. Fennemore LLP will receive hourly compensation at these rates: $540 for J. Jackson Waste $640 for Chris Hawkins $560 for Don Pool $390 for Stacy Porche $360 for Jeffrey Mihalik $320 for Claudine Lalonde, Paralegal. The firm will also pass through all out-of-pocket expenses at actual or estimated cost. According to court filings, Fennemore LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The following disclosures were made in response to the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No, the billing arrangement for the Committee is Fennemore LLP's standard and customary billing arrangement. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No, Fennemore LLP's professionals included in this engagement have not varied their rate based on the geographic location of the Chapter 11 Case. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition period. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: Fennemore LLP did not represent the Committee prior to the Petition Date. Question: Has your client approved your prospective budget and staffing plan and, if so, for what budget period? Answer: The Committee has reviewed Fennemore LLP's proposed hourly billing rates and approximate staffing plan. In accordance with the U.S. Trustee Guidelines, the budget may be amended as necessary to reflect changed or unanticipated developments in the Chapter 11 Case. The firm can be reached at: J. Jackson Waste, Esq. FENNEMORE LLP 8080 N. Palm Avenue, Third Floor Fresno, CA 93711 Telephone: (559) 432-4500 E-mail: jwaste@fennemorelaw.com About The Roman Catholic Bishop of Fresno The Roman Catholic Bishop of Fresno, a corporation sole, is a California nonprofit religious organization that administers the temporal affairs of the Roman Catholic Diocese of Fresno. It provides leadership, support services, and resources to 87 parishes, diocesan schools, cemeteries, and Catholic-based social and community service organizations across the diocese. Its operations are primarily funded through parish and school assessments, donations, grants, service fees, cemetery pre-need sales, and investment income. The Roman Catholic Bishop of Fresno sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 25-12231) on July 1, 2025. In its petition, the Debtor reported between $50 million and $100 million in assets and liabilities. Judge Rene Lastreto II handles the case. The Debtor is represented by Hagop T. Bedoyan, Esq., at McCormick, Barstow, Sheppard, Wayte & Carruth, LLP. Donlin, Recano & Company, Inc. is the Debtor's claims and noticing agent. BLUE SUN: Case Summary & 10 Unsecured Creditors ----------------------------------------------- Debtor: Blue Sun Scientific, LLC 8017 Dorsey Run Rd, Suite H Jessup, MD 20794-9372 Business Description: Blue Sun Scientific LLC, a majority-owned subsidiary of Innovative Technologies Group and Co., develops, manufactures, distributes, and services analytical solutions for global markets, including agriculture, chemical, and food industries. The Company offers rapid, non-destructive analysis tools such as Phoenix NIR analyzers for applications in forage, animal feed, pet food, oilseeds, and plant breeding, supported by instruments, software, reagents, sample handling systems, training, and long-term services. Headquartered in Jessup, Maryland, it operates internationally through representatives and distributors in over 50 countries. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court District of Maryland Case No.: 25-17998 Debtor's Counsel: Maurice Verstandig, Esq. THE BELMONT FIRM 1050 Connecticut NW Suite 500 Washington, DC 20036 E-mail: mac@mbvesq.com Total Assets: $451,175 Total Liabilities: $6,329,907 The petition was signed by Irvin Lucas as president. A full-text copy of the petition, which includes a list of the Debtor's 10 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YYO5JBQ/Blue_Sun_Scientific_LLC__mdbke-25-17998__0001.0.pdf?mcid=tGE4TAMA BORDEAUX VENTURES: Hires Buildlaw PLC as Special Counsel -------------------------------------------------------- Bordeaux Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ Buildlaw, PLC as special counsel. The firm will represent the Debtor in litigating certain claims and disputes related to illegal lending practices by certain third parties, which practices are in violation of certain usury statutes and related laws prohibiting illegal lending practices, as well as possible RICO violations. The firm will be paid at the rates: Senior Attorneys $375 to $600 per hour Junior Attorneys $250 to $350 per hour Paralegals $175 to $250 per hour The terms of the contingency fee agreement are that the firm will receive as a Fee (for attorneys' fees only and not including reimbursement of expenses) the greater of any amount of fees awarded by a court, or a graduated percentage of recovery as follows: -- 25% fee for anything recovered prior to a lawsuit being filed; -- 30% if lawsuit is filed with no discovery requests; -- 33% once discovery is served; -- 35% if either a dispositive motion is filed, or the parties begin the discovery process by either party answering discovery; -- 38% if discovery is completed or the case is set for trial; -- 40% if trial prep is required, where the attorneys are required to attend a substantive pre-trial conference,1 or if a trial begins; -- 45% if the dispute is appealed to an appellate court; -- All expenses are the ultimate responsibility of the client, and any expenses advanced for the client shall be reimbursed by the client from any recovery after any such earned Fee is paid. J. Brad Scarbrough, a partner at Buildlaw, PLC, 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: J. Brad Scarbrough, Esq. Brandon A. Carnes, Esq. BuildLaw, PLC 4300 Sidco Dr., Ste. #200 Nashville, TN 37204 Telephone: (615) 369-9996 Facsimile: (615) 515-4491 Email: brad@build.law Email: brandon@build.law About Bordeaux Ventures, LLC Bordeaux Ventures LLC is a single-asset real estate debtor under 11 U.S.C. Section 101(51B). Its principal asset is located at 1501 E. Stewarts Lane in Nashville, Tennessee. Bordeaux Ventures LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-02702) on June 30, 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 Nancy B. King handles the case. The Debtor is represented by Denis Graham "Gray" Waldron, Esq., at Dunham Hildebrand Payne Waldron, PLLC. BP RETAIL: Gets Interim OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Tennessee issued an interim order authorizing BP Retail Partners, Inc. and affiliates to use cash collateral to fund operations. The court authorized the Debtors to use the cash collateral of secured creditors until a final hearing to pay the expenses set forth in their budget, subject to a 10% variance. As adequate protection, secured creditors will be granted a replacement lien on the Debtors' post-petition property and the proceeds thereof, with the same priority and extent as their pre-bankruptcy liens. The replacement liens do not apply to any avoidance actions. Funds owed to the Debtors must be immediately released by all parties holding them; interference violates the automatic stay and may trigger sanctions. A continued interim hearing is scheduled for September 23. The Debtors acknowledge the interests of several secured creditors in their assets, including Citizens First Bank, Sydmor, Inc. and TAO Enterprises, Inc., which assert $1.97 million, $1.12 million and $537,000, respectively. These creditors have UCC-1 financing statements asserting interests in accounts receivable and other assets. About BP Retail Partners Inc. BP Retail Partners, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03476) on August 21, 2025, listing up to $10 million in both assets and liabilities. Corey E. Robinson, president of BP Retail Partners, signed the petition. Judge Randal S. Mashburn oversees the case. Robert J. Gonzales, Esq., at EmergeLaw, PLC, represents the Debtor as bankruptcy counsel. CHANNELSIDE BREWING: Gets Final OK to Use Cash Collateral --------------------------------------------------------- Channelside Brewing Company, LLC received final approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral. The final order extended the Debtor's authority to use cash collateral through the effective date of its amended Subchapter V plan of reorganization. All prior interim orders authorizing use of cash collateral are now deemed final. About Channelside Brewing Company Channelside Brewing Company, LLC is a brewery that specializes in crafting a variety of beers. Channelside Brewing Company filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00445) on January 25, 2025, listing between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. serves as Subchapter V trustee. Judge Catherine Peek Mcewen handles the case. Andrew Wit, Esq., at Jennis Morse is the Debtor's legal counsel. Valley National Bank, as secured creditor, is represented by: Andrew W. Lennox, Esq. Casey Reeder Lennox, Esq. Lennox Law, P.A. P.O. Box 20505 Tampa, FL 33622 Tel: 813-831-3800 Fax: 813-749-9456 alennox@lennoxlaw.com clennox@lennoxlaw.com CHARLIE'S HOLDINGS: Records $4.96M Net Income in Fiscal Q2 ---------------------------------------------------------- Charlie's Holdings, Inc. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net income of $4.96 million for the three months ended June 30, 2025, compared to a net loss of $967,000 for the three months ended June 30, 2024. Total revenue for the three months ended June 30, 2025, was $2.54 million, compared to a revenue of $2.04 million for the same period in 2024. For the six months ended June 30, 2025, the Company reported a net income of $3.74 million, compared to a net loss of $2.01 million for the same period in 2024. Total revenue for the six months ended June 30, 2025, was $4.85 million, compared to a revenue of $5.09 million for the same period in 2024. As of June 30, 2025, the Company had $5.98 million in total assets, $3.79 million in total liabilities, and $2.19 million in total stockholders' equity. A full-text copy of the Company's Form 10-Q is available at: https://tinyurl.com/2cnzp5fm About Charlie's Holdings Charlie's Holdings, Inc. formulates, markets, and distributes nicotine-based and alternative alkaloid vapor products through its subsidiary. Its products are manufactured by contract partners and sold via specialty retailers, distributors, and online resellers across the United States and select international markets. In an audit reported dated May 29, 2025, Urish Popeck & Co., LLC issued a "going concern" qualification citing that the Company has incurred significant operating losses, negative cash flows from operations, and has an accumulated deficit. The Company is dependent on its ability to increase revenues and obtain financing to continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2025, the Company had $3.17 million in total assets, $5.98 million in total liabilities, and a total stockholders' deficit of $2.81 million. CIVIL LLC: Gets Interim OK to Use Cash Collateral Until Sept. 22 ---------------------------------------------------------------- Civil, LLC and its affiliates received interim approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to use cash collateral to fund operations. The interim order authorized the Debtors to use cash collateral in accordance with their budget for the period from August 20 to September 22. As adequate protection for any diminution in the value of their collateral, secured creditors will receive a replacement lien on the Debtors' post-petition cash collateral, with the same validity, priority and extent as their pre-bankruptcy liens. The secured creditors include Pocahontas Land, LLC and lenders financing the Debtors' equipment. Pocahontas Land and its affiliates claim to have liens on substantially all of the Debtors' assets other than titled vehicles pursuant to certain promissory notes. The Debtors dispute the validity, extent and priority of those liens and do not believe that any of the pre-bankruptcy secured creditors has a perfected lien on their cash or cash equivalents. A final hearing is set for September 22. Objections are due by September 15. Pocahontas Land and its affiliates are represented by: Charles B. Dollison, Esq. Zachary J. Rosencrance, Esq. Michael R. Proctor, Esq. Bowles Rice, LLP 600 Quarrier Street Post Office Box 1386 Charleston, WV 25325-1386 Telephone: (304) 347-1100 Facsimile: (304) 347-1756 zrosencrance@bowlesrice.com mproctor@bowlesrice.com cdollison@bowlesrice.com -- and -- Jennifer M. McLemore, Esq. Michael D. Mueller, Esq. Williams Mullen 200 South 10th Street, Suite 1600 Post Office Box 1320 (23218) Richmond, VA 23219 Telephone: (804) 420-6330 Facsimile: (804) 420-6507 jmclemore@williamsmullen.com mmueller@williamsmullen.com About Civil LLC Civil, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. W.V. Case No. 2:25-bk-20179) on August 20, 2025. In the petition signed by Barry W. Tackett, chief restructuring officer, the Debtor disclosed between $50 million and $100 million in assets and between $10 million and $50 million in liabilities. Judge B. Mckay Mignault oversees the case. J. Zachary Balasko, Esq., at Steptoe and Johnson PLLC, represents the Debtor as legal counsel. CLASSIC RECREATIONS: Seeks to Tap AMPT as Turnaround Professional ----------------------------------------------------------------- Classic Recreations - Texas, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Pete Vanderveen d/b/a AMPT Consulting Group LLC as turnaround professional. The firm will render these services: a. assist the Debtor in carrying out its duties under the Bankruptcy Code; b. assist in a sale of the Debtor's assets; c. testify before this Court or other courts having jurisdiction over any matter associated with the Bankruptcy Case; and d. perform turnaround services and assist the Debtor in communicating with, soliciting, and providing information to potential bidders. AMPT agreed to provide services through August 15, 2025, in exchange for a fixed fee of $65,000 which was paid in the prepetition period. On June 15, 2025, AMPT received the $65,000 fixed fee. As disclosed in the court filings, AMPT Consulting Group LLC is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Pete Vanderveen d/b/a AMPT Consulting Group LLC 38844 N. 11th Ave. Phoenix, AZ 85086 Tel: (808) 276-0017 About Classic Recreations - Texas, LLC Classic Recreations - Texas, LLC designs and manufactures custom-built, high-performance American muscle cars. Based in the Dallas/Fort Worth area, the Company specializes in officially licensed Shelby Mustangs and restored classic vehicles, integrating modern technology and handcrafted components. It operates from a 70,000-square-foot facility serving customers worldwide. Classic Recreations - Texas, LLC in Flower Mound, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 25-32572) on July 9, 2025, listing $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Pete Vanderveen as turnaround specialist, signed the petition. Judge Michelle V Larson oversees the case. MUNSCH HARDT KOPF & HARR, P.C. serve as the Debtor's legal counsel. CLEVER BEING: Gets Final OK to Use Cash Collateral -------------------------------------------------- Clever Being, LLC received final approval from the U.S. Bankruptcy Court for the Western District of Washington to use cash collateral. The final order authorized the Debtor to use cash collateral to pay operating expenses, including post-petition payroll and related taxes, in accordance with its budget. The Debtor may exceed the budget by up to 15% without further court approval. Budget savings in any week may be carried over and used by the Debtor in subsequent weeks. The Debtor projects monthly operational expenses of $70,050 for September and October. As adequate protection, KeyBank National Association, the only secured creditor with an interest in the cash collateral, will be granted replacement liens on the Debtor's post-petition cash, accounts receivable and inventory. The replacement liens will have the same validity, priority and extent as any duly perfected and unavoidable liens on cash collateral held by KeyBank as of the petition date. Pursuant to the budget, the Debtor was authorized to remit $500 to Michael DeLeo's trust account starting September 5, and on the 5th of each month thereafter until confirmation. The authority to use cash collateral continues until October 31; the conversion or dismissal of the Debtor's Chapter 11 case; appointment of a trustee or examiner; confirmation of a bankruptcy plan; or modification of the final order, whichever occurs first. About Clever Being LLC Clever Being, LLC, operating as Terreworks Landscaping and Elite Horticulture, provides landscaping and horticultural services in the Seattle, Washington area. Clever Being sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12154) on August 1, 2025. In its petition, the Debtor reported estimated assets between $50,000 and $100,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Christopher M. Alston handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq., at Neeleman Law Group, P.C. D & D HOUSING: Seeks to Hire Fealy Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- D & D Housing Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire The Fealy Law Firm, PC as attorneys. The firm's services include: a. analyzing the financial situation, and rendering advice and assistance to the Debtor; b. advising the Debtor with respect to its duties as Debtor; c. preparing and filing of all appropriate petitions, schedules of assets and liabilities, statements of affairs, answers, motions and other legal papers; d. representing the Debtor at the first meeting of creditors and such other services as may be required during the course of the bankruptcy proceedings; e. representing the Debtor in all proceedings before the Court and in any other judicial or administrative proceeding where the rights of the Debtor may be litigated or otherwise affected; f. preparing and filing of Chapter 11 Plan of Reorganization; and g. assisting the Debtor in any matters relating to or arising out of the captioned case. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The Debtor paid the firm the amount of $7,500 on June 2, 2025, prior to the filing of the case. Vicky M. Fealy, Esq., a partner at The Fealy Law Firm, PC, 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: Vicky M. Fealy, Esq. The Fealy Law Firm, PC 1235 North Loop W Ste 1120, Houston, TX 77008 Tel: (713) 526-5220 Fax: (713) 526-5227 Email: vfealy@fealylawfirm.com About D & D Housing Solutions D & D Housing Solutions, LLC owns four real properties in Houston, Texas, with a combined current value of $1.34 million. D & D Housing Solutions sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-33164) on June 2, 2025. In its petition, the Debtor reported total assets of $1,338,112 and total liabilities of $1,423,403. Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Vicky M. Fealy, Esq., at The Fealy Law Firm, PC. DANGER HART: Daniel Etlinger Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of Underwood Murray, P.A. as Subchapter V trustee for Danger Hart Hospitality, LLC. Mr. Etlinger 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. Etlinger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Daniel E. Etlinger Underwood Murray, P.A. 100 N. Tampa Street, Suite 2325 Tampa Florida 33602 (813) 540-8401 Email: detlinger@underwoodmurray.com About Danger Hart Hospitality Danger Hart Hospitality, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40409) on August 27, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Michael Howard Moody, Esq. at Michael H. Moody Law P.A. represents the Debtor as legal counsel. DANIELS REAL ESTATE: Leon Jones Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Leon Jones, Esq., at Jones & Walden, LLC, as Subchapter V trustee for Daniels Real Estate Holdings, LLC. Mr. Jones will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Jones declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leon S. Jones, Esq. Jones & Walden, LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 ljones@joneswalden.com About Daniels Real Estate Holdings Daniels Real Estate Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-59876) on August 29, 2025. DEL MONTE: Committee Hires Kelley Drye & Warren LLP as Co-Counsel ----------------------------------------------------------------- The Official Committee of Unsecured Creditors of Del Monte Foods Corporation II Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Kelley Drye & Warren LLP as co-counsel. The firm will provide these services: (a) advise the Committee with respect to New Jersey local rules and procedures, including with respect to preparation, filing, and service of pleadings and Court appearances; (b) appear before the Bankruptcy Court, and any other federal, state or appellate court on behalf of the Committee; (c) prepare, on behalf of the Committee, any pleadings, including motions, memoranda, complaints, objections, and responses to any of the foregoing; (d) without duplicating services provided by Morrison & Foerster, advise the Committee with respect to its rights, duties and powers in these chapter 11 cases, including: (i) assist and advise the Committee in its consultations with other parties in connection with the administration of these chapter 11 cases; (ii) assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors; (iii) assist the Committee in connection with the proposed plan process; (iv) assist the Committee in analyzing the claims of the Debtors' creditors; (v) advise and represent the Committee in connection with matters generally arising in these chapter 11 cases; and (vi) perform such other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm will be paid at these rates: Partners $855 to $1,635 per hour Special Counsel $545 to $1,060 per hour Associates $565 to $985 per hour Paraprofessionals $350 to $450 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following responds to questions estate professionals are requested to answer under the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Not applicable. Kelley Drye did not represent the Committee in the 12 months prepetition. Question: Has your client approved your prospective budget and staffing plan and, if so, for what budget period. Answer: Yes, for the period of July 21, 2025 through November 30, 2025. Mr. Carr 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: James S. Carr, Esq. Kristin S. Elliott, Esq. Connie Y. Choe, Esq. Kelley Drye & Warren LLP One Jefferson Road, 2nd Floor Parsippany, NJ 07054 Tel: (973) 503-5900 Fax: (973) 503-5950 Email: jcarr@kelleydrye.com kelliott@kelleydrye.com cchoe@kelleydrye.com About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEL MONTE: Committee Hires Miller Buckfire as Investment Banker --------------------------------------------------------------- The Official Committee of Unsecured Creditors of Del Monte Foods Corporation II Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. The firm's services include: (a) familiarize itself with the business, operations, properties, financial condition and prospects of the Debtors and advise and assist the Committee in structuring and effecting the financial aspects of the Transactions; (b) receive, review and perform diligence on information provided on a confidential basis by the Debtors or the Committee; (c) assist the Committee in negotiations regarding any sale, Plan or other Transaction; (d) represent and negotiate on the behalf of the Committee as it relates to any restructuring proposals advanced by the Committee, Debtors or any other parties or stakeholders; and (e) participate in hearings before the Bankruptcy Court in connection with Miller Buckfire's other services, including related testimony, in coordination with the Committee's counsel. The firm will be paid at these fees: (a) Monthly Fee: $125,000. (b) Deferred Fee: $2,250,000 due upon a Transaction. (c) Crediting: Beginning with the fifth Monthly Fee, 25% of all Monthly Fees actually paid will be credited against the Deferred Fee. (d) Expenses: The Debtors will reimburse Miller Buckfire for the expenses incurred by Miller Buckfire in connection with the matters contemplated by the Engagement Letter, including, without limitation, reasonable fees, disbursements, and other charges of Miller Buckfire's counsel. Mr. D'Amico 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 D'Amico Stifel, Nicolaus & Co., Inc. 787 Seventh Avenue New York, NY 10019 Tel.: (855) 300-7137 About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEL MONTE: Committee Hires Morrison & Foerster LLP as Counsel ------------------------------------------------------------- The Official Committee of Unsecured Creditors of Del Monte Foods Corporation II Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Morrison & Foerster LLP as counsel. The firm's services include: (a) advising the Committee in connection with its powers and duties under the Bankruptcy Code, the Bankruptcy Rules, and the Local Rules; (b) assisting and advising the Committee in its consultation with the Debtors relative to the administration of these Chapter 11 Cases; (c) attending meetings and negotiating with the representatives of the Debtors and other parties in interest; (d) assisting and advising the Committee in its examination and analysis of the conduct of the Debtors' affairs; (e) assisting and advising the Committee in connection with any sale of the Debtors' assets pursuant to Section 363 of the Bankruptcy Code; (f) assisting the Committee in the review, analysis, and negotiation of any Chapter 11 plan(s) of reorganization or liquidation that may be filed and assisting the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any such plan(s); (g) taking all necessary action to protect and preserve the interests of the Committee, including: (i) possible prosecution of actions on its behalf; (ii) if appropriate, negotiations concerning all litigation in which the Debtors are involved; and (iii) if appropriate, review and analysis of claims filed against the Debtors' estates; (h) generally preparing on behalf of the Committee all necessary motions, applications, answers, orders, reports, replies, responses, and papers in support of positions taken by the Committee; (i) appearing, as appropriate, before this Court, the appellate courts, and the U.S. Trustee, and protecting the interests of the Committee before those courts and before the U.S. Trustee; and (j) performing all other necessary legal services in these cases as may be directed by the Committee. The firm will be paid at these rates: Partners and Senior Of Counsel $1,500 to $2,475 per hour Of Counsel $1,250 to $2,100 per hour Associates $795 to $1,330 per hour Paraprofessionals $390 to $645 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The following is provided in response to the request for additional information set forth in Paragraph D.1 of the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Morrison & Foerster did not represent the Committee prior to these Chapter 11 Cases. Question: Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Response: The Committee and Morrison & Foerster expect to develop a prospective budget and staffing plan to comply with the U.S. Trustee's requests for information and additional disclosures, and any other orders of the Court, recognizing that in the course of these Chapter 11 Cases there may be unforeseeable fees and expenses that will need to be addressed by the Committee and Morrison & Foerster. Mr. Marinuzzi 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: Lorenzo Marinuzzi, Esq. Oksana Lashko, Esq. Theresa A. Foudy, Esq. Raff Ferraioli, Esq. Darren Smolarski, Esq. MORRISON & FOERSTER LLP 250 West 55th Street New York, NY 10019-9601 Tel: (212) 468-8000 About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEL MONTE: Committee Hires Province LLC as Financial Advisor ------------------------------------------------------------ The Official Committee of Unsecured Creditors of Del Monte Foods Corporation II Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Province, LLC as financial advisor. The firm's services include: a. analyzing the Debtors' assets and liabilities, and overall financial condition and liquidity during the Chapter 11 Cases; b. assisting in the review, assessment and monitoring of cash flow performance, budgets, liquidity, operating results and overall financial condition; c. assessing business, including diligence of financial statements, projections, business plan(s) and assumptions and developing alternative scenarios, if necessary; d. scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; e. analyzing cash management and intercompany and related party transactions; f. analyzing filed claims, including reconciliation and estimation process and conducting creditor recovery waterfall analyses; g. assessing the Debtors' various pleadings and proposed treatment of creditor claims therefrom; h. preparing, or reviewing as applicable, avoidance action and claim analyses; i. assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, SOFAs, Schedules, budgets, and Monthly Operating Reports; j. advising the Committee on the current state of the Chapter 11 Cases; k. advising the Committee in negotiations with the Debtors and third parties as necessary; l. if necessary, participating as a witness in hearings before the bankruptcy court with respect to matters upon which Province has provided advice; and m. providing other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. The firm will be paid at these rates: Managing Directors and Partners $850-$1,450 Vice Presidents, Directors, $700-$1,050 and Senior Directors Analysts, Associates, $350-$825 and Senior Associates Para-Professional/Admin $270-$450 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Adam Rosen, 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: Adam Rosen Province, LLC 2360 Corporate Circle Suite 340 Henderson, NV 89074 Telephone: (702) 685-5555 Email: arosen@provincefirm.com About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEPLOYED SOLDIERS: Seeks to Use Cash Collateral ----------------------------------------------- Deployed Soldiers Network LLC asks the U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division, for authority to use cash collateral and provide adequate protection. The Debtor is a Delaware-incorporated and Maryland-registered company, with its principal office located in Maryland. Its operations include providing internet services to U.S. servicemembers deployed in Kosovo, as well as offering roofing and consulting services. The business currently generates approximately $39,375 in monthly revenue and owns equipment, tools, and bank accounts, including unsecured vehicle assets valued at around $25,000. The Debtor previously entered into a loan agreement with First Business Specialty Finance, LLC, which asserts a first-position lien on the Debtor's cash and cash equivalents under a UCC-1 financing statement filed on June 10. However, the Debtor argues that no lien has been perfected on its bank accounts and that any such lien may be avoidable or wholly unsecured under bankruptcy law. The Debtor requests immediate and interim use of cash collateral, including cash on hand and incoming revenues that may be subject to the secured creditor's claimed lien. The Debtor proposes to use approximately $24,500 per month to cover operating expenses such as payroll, utilities, and business services. It emphasizes that continued operations are necessary to generate income, preserve asset value, and protect the interests of all creditors. Without access to cash collateral, the Debtor warns it may be forced to cease operations, causing irreparable harm to the estate and its creditors. To ensure the secured creditor's interests are adequately protected, the Debtor proposes granting a replacement lien of equal priority and extent as the alleged pre-petition lien, without the need for additional filings. Ongoing business activity is expected to preserve or enhance the value of the collateral, thus maintaining adequate protection. The Debtor intends to file a plan of reorganization under Subchapter V that will allow it to continue operating, maximize the value of the estate, and offer potential recoveries to both secured and unsecured creditors -- outcomes that would be unattainable if the business were forced to shut down. A court hearing is scheduled for September 3. About Deployed Soldiers Network LLC Deployed Soldiers Network, LLC is an information technology company that appears to provide specialized IT services related to military personnel or veterans. Deployed Soldiers Network sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17821) on August 26, 2025. In its petition, the Debtor reported between $500,000 and $1 million in assets and liabilities. The Debtor is represented by the Law Office of David Cahn, LLC. DESERT CITY: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: Desert City Enterprises, LLC 100 E Stevens Road, Unit 513 Palm Springs, CA 92262 Business Description: Desert City Enterprises, LLC was classified as a single-asset real estate debtor under U.S. bankruptcy law, with its principal property located at 6 Big Sioux in Rancho Mirage, California. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Central District of California Case No.: 25-16227 Judge: Hon. Magdalena Reyes Bordeaux Debtor's Counsel: Summer Shaw, Esq. SHAW & HANOVER, PC 44-901 Village Court, Suite B Palm Desert, CA 92260 Tel: (760) 610-0000 Fax: (760) 687-2800 E-mail: ss@shaw.law Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jesse Rhodes as managing member. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HDM6GEA/Desert_City_Enterprises_LLC__cacbke-25-16227__0001.0.pdf?mcid=tGE4TAMA DESKTOP METAL: Quinn Emanuel Wants Fee Fight Sent to State Court ---------------------------------------------------------------- Lynn LaRowe of Law360 Bankruptcy Authority reports that Quinn Emanuel Urquhart & Sullivan LLP has asked a Massachusetts federal court to return its $30 million fee dispute with former client Desktop Metal to state court, arguing the matter should be resolved alongside claims involving parent company Nano Dimension. Nano, however, contends the case belongs in Texas bankruptcy court. About Desktop Metal Inc. Desktop Metal designs and markets 3D printing systems. ExOne's business primarily consisted of manufacturing and selling 3D printing machines and printing products to specification for its customers for both direct and indirect applications. ExOne offered its pre-production collaboration and print products for customers through its network of ExOne Adoption Centers and supplied the associated materials, including consumables and replacements parts, and other services, including training and technical support, necessary for purchasers of its 3D printing machines to print products. Desktop Metal and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90268) on July 28, 2025, listing under up to $50,000 in both assets and liabilities. The case is jointly administered in Case No. 25-90268. Judge Christopher M. Lopez oversees the case. Benjamin Lawrence Wallen at Pachulski Stang Ziehl & Jones LLP serves as the Debtors' counsel. On August 6, 2025, the Office of the United States Trustee appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and Munsch Hardt Kopf & Harr, PC as counsel and Province LLC as financial advisor. DISCOUNT AUTO: Seeks to Use Cash Collateral ------------------------------------------- Discount Auto Glass, Inc. asks the U.S. Bankruptcy Court for the Western District of Pennsylvania for authority to use cash collateral and provide adequate protection. The Debtor argues that it cannot sustain operations or pursue reorganization without access to these funds. The Debtor identifies two secured creditors -- The LCF Group, Inc. and Funding Metrics, LLC -- which have filed UCC financing statements claiming security interests in all its lienable assets. The LCF Group is believed to hold the first priority lien, with an outstanding claim of approximately $12,580. Under 11 U.S.C. section 363, the Debtor must obtain creditor consent or court authorization to use cash collateral. An interim cash collateral budget is being prepared to guide spending within a 10% margin. The Debtor insists that no parties will be harmed by allowing use of the funds and has requested an expedited hearing under Local Bankruptcy Rule 9013-2. The urgency is driven by the risk of business shutdown and not due to any delay or negligence. The Debtor seeks immediate court approval to use the cash collateral to maintain operations and work toward a successful reorganization. About Discount Auto Glass Inc. Discount Auto Glass Inc., operates under the names Discount Auto Glass and Discount Auto Glass and Service, is an automotive glass repair and replacement services provider operating in North Versailles, Pennsylvania. Discount Auto Glass sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22204) on August 1, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $100,000 and $500,000 in liabilities. The Debtor is represented by Christopher M. Frye, Esq., at Steidl & Steinberg, P.C. DOUBLE H SERVICES: Hires Fuqua & Associates as Legal Counsel ------------------------------------------------------------ Double H Services, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Richard L. Fuqua of Fuqua & Associates, P.C. to serve as its legal counsel. Mr. Fuqua will provide these services: (a) provide the Debtor legal advice with respect to its powers and duties as a Debtor-in-possession in the continued operation of its business, and management of its property; (b) prepare all pleadings on behalf of the Debtor, as Debtor-in-possession, which may be necessary herein; (c) negotiate and submit a potential plan of arrangement satisfactory to the Debtor, its estate, and the creditors at large; and (d) perform all other legal services for the Debtor as a Debtor-in-possession which may become necessary to these proceedings herein. The firm will be paid at these hourly rates: Mr. Fuqua $750 Law Clerks and Legal Assistants $150 Fuqua & Associates, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Richard L. Fuqua, Esq. FUQUA & ASSOCIATES, P.C. 8558 Katy Freeway, Suite 119 Houston, TX 77024 Telephone: (713) 960-0277 Facsimile: (713) 960-1064 About Double H Services LLC Double H Services LLC provides oilfield logistics and transportation services, including laydown machines, pipe hauling, forklift operations, and general trucking. The Company operates primarily in Oklahoma and serves clients in the energy and agricultural sectors. Double H Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-33978 on July 14, 2025. In its petition, the Debtor reports total assets of $1,053,870 and total liabilities of $6,098,306. Judge Eduardo V. Rodriguez oversees the case. The Debtor is represented by Richard L. Fuqua, Esq., at Fuqua & Associates, PC. DR INNOVATIONS: Hires Prelle Eron & Bailey as Counsel ----------------------------------------------------- Dr Innovations LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Prelle Eron & Bailey, P.A., as counsel. The firm's services include: a) advising the Debtor of the rights, powers and duties as the Debtor and Debtor-in-Possession, including those with respect to the operation and management of the business; b) advising the Debtor concerning and assisting in the negotiation and documentation of financing agreements, cash collateral orders, and related transactions; c) investigating into the nature and validity of liens asserted against the Debtor, and advising Debtor concerning the enforceability of said liens; d) investigating and advising the Debtor concerning and taking such action as may be necessary to collect income and assets in accordance with applicable law, and recover property for the benefit of the estates; e) preparing on behalf of the Debtor such applications, motions, pleadings, orders, notices, schedules and other documents as may be necessary and appropriate, and reviewing the financial and other reports to be filed herein; f) advising the Debtor concerning and preparing responses to applications, motions, pleadings, notices and other documents which may be filed and served herein; g) counseling the Debtor in connection with the formulation, negotiation and promulgation of Chapter 11 plan or plans and related documents; and h) performing such other legal services for and on behalf of the Debtor as may be necessary or appropriate in the administration of the cases. The firm will be paid at these rates: David Prelle Eron $450 per hour January Bailey $315 per hour Laura Prelle $140 per hour Paralegal/Legal Assistant $115 per hour The firm will be paid a retainer in the amount of $25,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Bailey 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: January M. Bailey, Esq. Prelle Eron & Bailey, P.A. 301 N Main St Ste 2000 Wichita, KS 67202-4820 Tel: (316) 262-5500 Fax: (316) 262-5559 Email: january@eronlaw.net About Dr Innovations LLC Dr Innovations LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Kan. Case No. 25-10864) on August 18, 2025. The Debtor hires Prelle Eron & Bailey, P.A., as counsel. DRSN GROUP: Hires Rountree Leitman Klein & Geer as Attorney ----------------------------------------------------------- DRSN Group LLC d/b/a Wisteria seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Rountree, Leitman, Klein & Geer, LLC as attorney. The firm's services include: a. giving the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; b. preparing on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; c. assisting in examination of the claims of creditors; d. assisting with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and e. performing all other legal services for the Debtor as Debtor-in-Possession that may be necessary herein. The firm will be paid at these rates: William A. Rountree, Attorney $595 per hour Will B. Geer, Attorney $595 per hour Michael Bargar, Attorney $535 per hour Hal Leitman, Attorney $425 per hour William Matthews, Attorney $425 per hour David S. Klein, Attorney $495 per hour Elizabeth Childers, Attorney $395 per hour Ceci Christy, Attorney $425 per hour Caitlyn Powers, Attorney $375 per hour Shawn Eisenberg, Attorney $300 per hour Dorothy Sideris, Paralegal $200 per hour Elizabeth Miller, Paralegal $290 per hour Megan Winokur, Paralegal $175 per hour Catherine Smith, Paralegal $150 per hour Law Clerk (if one is employed by Firm $175 per hour The firm received a pre-petition retainer in the amount of $10,000 on July 1, 2025, which retainer was subsequently applied to a prepetition invoice in the amount of $9,662 on July 11, 2025. On July 16, 2025, the firm received a pre-petition retainer of $40,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ms. Powers 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: Will B. Geer, Esq. Caitlyn Powers, Esq. ROUNTREE LEITMAN KLEIN & GEER, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wgeer@rlkglaw.com cpowers@rlkglaw.com About DRSN Group LLC d/b/a Wisteria DRSN Group LLC, dba Wisteria, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58190-bem) on July 23, 2025. In the petition signed by Dominic Respoli, co-chairman, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Barbara Ellis-Monro oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. DUPAGE EQUIPMENT: Hires Bach Law Offices Inc. as Attorney --------------------------------------------------------- DuPage Equipment LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Bach Law Offices, Inc. as attorney. The firm will represent the Debtor in matters concerning negotiation with creditors, preparation of a plan and disclosure statement, examining and resolving claims filed against the estate, preparation and prosecution of adversary matters, and otherwise to represent each Debtor in matters before this Court. The firm will be paid at $425 per hour. The firm will be paid a retainer in the amount of $10,000 plus the filing fee of $1,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Paul M. Bach, a partner at Bach Law Offices, 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: Paul M. Bach, Esq. Bach Law Offices, Inc. P.O. Box 1285 Northbrook, IL 60062 Telephone: (847) 564 0808 About DuPage Equipment LLC DuPage Equipment, LLC is an Illinois-based transportation company operating in the general freight trucking industry. DuPage Equipment filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-11146) on July 22, 2025. In its petition, the Debtor reports estimated assets and liabilities between $500,000 and $1 million each. The Debtor is represented by Paul M. Bach, Esq. at Bach Law Offices. DYNASTY TANG: Hires Hello Hello Bay as Real Estate Broker --------------------------------------------------------- Dynasty Tang, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Hello Hello Bay Area as real estate broker. The firm will list and sell the Debtor's real property located at 1950 Ivy Street, San Mateo, California. The firm will be paid a commission of 3 percent of the sales price. Ms. Zabarte 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: Regina Zabarte Hello Hello Bay Area 1530 Southwest Expressway Ste. 141 San Jose, CA 95126 Tel: (408) 431-5684 Email: reginarealt@yahoo.com About Dynasty Tang, LLC Dynasty Tang, LLC operates and manages multi-unit residential rental properties. Dynasty Tang sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-30481) on June 18, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. The Debtor is represented by Arasto Farsad, Esq., at Farsad Law Office, P.C. ENERGY FOCUS: CEO & CFO Jay Huang Buys $500K in Private Placement ----------------------------------------------------------------- Energy Focus, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on August 15, 2025, the Company entered into a Securities Purchase Agreement with its Chief Executive Officer and Chief Financial Officer, Mr. Chiao Chieh (Jay) Huang, pursuant to which the Company agreed to issue and sell in a Private Placement an aggregate of 264,550 shares of the Company's common stock, par value $0.0001 per share, for a purchase price per share of $1.89, the closing price of the Common Stock on the day immediately preceding the date of the Purchase Agreement, totaling $500,000. The foregoing description of the Purchase Agreement is qualified in its entirety by reference to such Purchase Agreement, a copy of which is available at https://tinyurl.com/3sz8tbnm About Energy Focus Solon, Ohio-based Energy Focus -- http://www.energyfocus.com-- engages primarily in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. The Company develops, markets, and sells high-quality light-emitting diode ("LED") lighting and controls products in the commercial market and military maritime market. Columbus, Ohio-based GBQ Partners, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated March 25, 2025, attached in the Company's Annual Report on Form 10-K for the year ended Dec. 25, 2024, citing that the Company has suffered recurring losses from operations and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. For the fiscal year ended December 31, 2024, the Company had $5.6 million in total assets, $2.7 million in total liabilities, and a total stockholders' equity of $2.9 million. As of June 30, 2025, the Company had $4.8 million in total assets, $2 million in total liabilities, and $2.8 million in total stockholders' equity. EXCELL COMMUNICATIONS: Hires Baker Donelson as Special Counsel -------------------------------------------------------------- Excell Communications, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Baker Donelson Bearman Caldwell & Berkowitz PC as special litigation counsel. The firm's services include: (a) representing the Debtors in the action currently pending in the United States District Court, Northern District of Alabama styled, IGTECH LLC v. United Cable Service LLC et al., Dkt. No. 24-cv-00317 (NAD). (b) performing such other legal services for the Debtors that may be necessary and proper in these proceedings. The firm will be paid at these rates: Marcus M. Maples, Partner $645 per hour Caroline Smith Dean, Associate $345 per hour Partners and Of Counsel $645 per hour Associates $345 per hour Paraprofessionals $200 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Maples 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: Marcus M. Maples, Esq. Baker Donelson Bearman Caldwell & Berkowitz PC 1901 6th Avenue North, Suite 2600 Birmingham, AL 35203 Tel: (205) 328-0480 About Excell Communications, Inc. Excell Communications, Inc. is a project management firm engaged in the installation of network infrastructure for the wireless, fiber and utility industries in the State of New York. Excell Communications, Inc. and its affiliates sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No. 25-71444) on April 14, 2025. The case is jointly administered in Case No. 25-71444. Judge Louis A. Scarcella oversees the cases. The Debtors tapped Forchelli Deegan Terrana LLP as counsel and Grassi & Co., CPA's, PC as accountant. On May 16, 2025, the U.S. Trustee for the Eastern District of New York appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Porzio, Bromberg & Newman, PC as counsel and Dundon Advisers LLC as financial advisor. EXCELL COMMUNICATIONS: Hires RRBB Advisors LLC as Accountant ------------------------------------------------------------ Excell Communications, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ RRBB Advisors, LLC as accountant. The firm will provide these services: (a) monthly accounting services; (b) tax preparation and compliance; and (c) administration and other accounting related services. The firm will be paid at these rates: Joao P. Santos, Managing Member $500 per hour Manager $375 per hour Michael Martins (Supervisor) $290 per hour Jaimini Patel (Senior Accountant) $225 per hour Staff Accountant $175 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Santos 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: Joao P. Santos RRBB Advisors, LLC 1030 Salem Road Union, NJ 07083 Tel: (908) 352-9797 About Excell Communications, Inc. Excell Communications, Inc. is a project management firm engaged in the installation of network infrastructure for the wireless, fiber and utility industries in the State of New York. Excell Communications, Inc. and its affiliates sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No. 25-71444) on April 14, 2025. The case is jointly administered in Case No. 25-71444. Judge Louis A. Scarcella oversees the cases. The Debtors tapped Forchelli Deegan Terrana LLP as counsel and Grassi & Co., CPA's, PC as accountant. On May 16, 2025, the U.S. Trustee for the Eastern District of New York appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Porzio, Bromberg & Newman, PC as counsel and Dundon Advisers LLC as financial advisor. FAITH ELECTRIC: Trustee Taps Crowe & Dunlevy as Legal Counsel ------------------------------------------------------------- Sam D. Heigle, in his capacity as chapter 11 trustee over the estate of Faith Electric, Inc., seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to hire Crowe & Dunlevy as his counsel. The firm's services include: a. advising the Trustee with respect to his powers and duties as a trustee, including the legal and administrative requirements of operating the Debtors in chapter 11; b. attending meetings and negotiating with representatives of creditors and other parties-in-interest; c. assisting with the preservation of the Debtors' estates, including the prosecution of actions commenced under the Bankruptcy Code or otherwise on its behalf, and objections to claims filed against the estates; d. preparing and prosecuting on behalf of the Trustee all motions, applications, answers, orders, reports and papers necessary for the administration of the estates; e. negotiating and preparing on the Trustee's behalf section 363 sale motions, chapter 11 plan(s), disclosure statement(s) and all related agreements and/or documents; f. advising the Trustee with respect to certain corporate, financing, tax, and employee benefit matters as requested by the Trustee and without duplication of other professionals' services; g. appearing before the Court, and any appellate courts, and protecting the interests of the estates before such courts; and h. performing all other legal services in connection with these Chapter 11 Cases as requested by the Trustee and without duplication of other professionals' services. The firm will be paid at these rates: William H. Hoch, Shareholder $625 per hour Craig M. Regens, Shareholder $555 per hour Kaleigh Ewing, Associate $350 per hour In addition, the firm will seek reimbursement for expenses incurred. Mr. Hoch disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: William H. Hoch, Esq. Crowe & Dunlevy 324 N. Robinson Ave., Suite 100 Oklahoma City, OK 73102 Telephone: (405) 235-7700 Email: will.hoch@crowedunlevy.com About Faith Electric Inc. Faith Electric, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 25-10921) on March 31, 2025. In the petition signed by Austin Partida, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC, represents the Debtor as bankruptcy counsel. FALKY HOLDINGS: Hires Bruner Wright PA as Legal Counsel ------------------------------------------------------- Falky Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Bruner Wright, PA to handle its Chapter 11 case. The firm will be paid at these rates: Robert C. Bruner, Attorney $450 per hour Byron Wright III, Attorney $425 per hour Samantha Kelley, Attorney $400 per hour Paralegal $175 per hour The firm was paid by the Debtor a retainer of $21,738. Mr. Wright 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: Byron Wright III, Esq. Bruner Wright, PA 2868 Reminton Green Circle, Suite B Tallahassee, FL 32308 Tel: (850) 385-0342 Fax: (850) 270-2441 About Falky Holdings, Inc. Falky Holdings Inc. is a corporation based in Florida with operations in both Clearwater and Tallahassee. Falky Holdings sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40378) on August 13, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Byron W. Wright III, Esq., at Bruner Wright, P.A. GACH LLC: Hires Genova Malin & Trier LLP as Counsel --------------------------------------------------- GACH, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Genova, Malin & Trier, LLP as counsel. The firm will render these services: a. give the Debtor legal advice with respect to its powers and duties in its financial situation and management of the property of the Debtor; b. take necessary action to void liens against the Debtor's property; c. attend meetings and negotiate with representatives of creditors and other parties in interest; d. prepare and amend, on behalf of the Debtor, necessary petitions, schedules, orders, pleadings and other legal papers; and e. perform all other legal services for the Debtor as Debtor which may be necessary. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Michelle Trier, Esq., an attorney at Genova, Malin & Trier, 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: Andrea B. Malin, Esq. Michelle L. Trier, Esq. Genova, Malin & Trier LLP Hampton Business Center 1136 Route 9 Wappingers Falls, NY 12590 Tel: (845) 298-1600 About GACH, LLC GACH LLC owns commercial real estate at 43-51 East 25th Street, Unit C6, New York, NY 10010, in the building known as The Stanford. The property comprises approximately 4,800 square feet of office and medical space, including patient waiting areas, an x-ray suite, examination rooms, kitchen space, and offices, with an appraised value of $4.8 million. The Company is classified as a single-asset real estate entity. GACH LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11800 on August 18, 2025. In its petition, the Debtor reports total assets of $4,829,200 and total liabilities of $3,210,885. Honorable Bankruptcy Judge Michael E. Wiles handles the case. The Debtor is represented by Michelle L. Trier, Esq. at GENOVA, MALIN & TRIER, LLP. GACH LLC: Seeks Cash Collateral Access -------------------------------------- GACH LLC asks the U.S. Bankruptcy Court for the Southern District of New York for authority to use cash collateral and provide adequate protection to secured creditors Flushing Bank, N.Y.R.F.P., LLC and N.Y.R.F.P., LLC. The Debtor owns commercial condominium property located at 43-51 East 25th Street, Unit C6, New York, N.Y. It has three secured debts: 1. $1,188,476 owed to Flushing Bank (with a judgment of foreclosure already in place), 2. $850,000 to Flushing Bank, and 3. $500,000 to N.Y.R.F.P. These debts are secured by the property, which GACH estimates to be worth $4.8 million, far exceeding the total lien amount of approximately $2.54 million, which means all three creditors are considered oversecured. The Debtor argues that without immediate access to its cash collateral (primarily accounts receivable), it cannot meet essential operational costs such as insurance and utilities, which are necessary to preserve the property's value and move toward a reorganization plan. GACH stresses that failure to use the cash collateral will cause irreparable harm to the bankruptcy estate and could result in case failure. As adequate protection, the Debtor proposes a monthly interest-only payment of $6,933 to Flushing Bank and continued insurance coverage and maintenance of the property's value. No current payments are being made to Flushing Bank and NYRFP2, due to their substantial equity cushion and the Debtor's limited cash flow. A hearing on the matter is set for September 4. About GACH LLC GACH LLC owns commercial real estate at 43-51 East 25th Street, Unit C6, New York, NY 10010, in the building known as The Stanford. The property comprises approximately 4,800 square feet of office and medical space, including patient waiting areas, an x-ray suite, examination rooms, kitchen space, and offices, with an appraised value of $4.8 million. The Company is classified as a single-asset real estate entity. GACH LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11800 on August 18, 2025. In its petition, the Debtor reports total assets of $4,829,200 and total liabilities of $3,210,885. Honorable Bankruptcy Judge Michael E. Wiles handles the case. The Debtor is represented by Michelle L. Trier, Esq., at Genova, Malin & Trier, LLP. GENERATIONS ON 1ST: Court Extends Cash Collateral Access to Oct. 15 ------------------------------------------------------------------- Generations on 1st, LLC and Parkside Place, LLC received another extension from the U.S. Bankruptcy Court for the District of North Dakota to use the cash collateral of secured creditor Red River State Bank. The court order approved the Debtors' sixth stipulation with Red River State Bank, allowing them to use the secured creditor's cash collateral for the period from August 28 to October 15, consistent with their budget. Red River State Bank's cash collateral includes rents from the Debtors' mixed-use apartment buildings in South Dakota. The rents are currently being held by a court-appointed receiver. As of the petition date, the receiver is holding pre-bankruptcy rents in the sum of $110,948.58 for Parkside and $211,201.59 for Generations. About Generations on 1st and Parkside Place Generations on 1st, LLC, a company in Fargo, N.D., and its affiliate Parkside Place, LLC filed Chapter 11 petitions (Bankr. D. N.D. Lead Case No. 25-30002) on January 6, 2025. In their petitions, Generations on 1st reported total assets of $13,567,037 and total liabilities of $12,137,102 while Parkside Place reported $7,221,882 in assets and $5,599,522 in liabilities. Judge Shon Hastings handles the cases. The Debtors are represented by Maurice VerStandig, Esq. at The Dakota Bankruptcy Firm. Red River State Bank, as lender, is represented by Drew J. Hushka, Esq., at Vogel Law Firm. GLOBAL CONSULTING: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Global Consulting and Investment Network LLC 1717 W. Northern Av. Ste 204D Phoenix, AZ 85249 Business Description: The Debtor owns two real estate properties in Rio Verde, Arizona: a single-family residential property at 17047 E. Dixileta Dr and an adjacent parcel of vacant land at 17047 E. Dixileta Dr #R. Chapter 11 Petition Date: July 17, 2025 Court: United States Bankruptcy Court District of Arizona Case No.: 25-06519 Judge: Hon. Brenda Moody Whinery Debtor's Counsel: Patrick F. Keery, Esq. Martin J. McCue, Esq. KEERY MCCUE, PLLC 6803 East Main Street, Suite 1116 Scottsdale, AZ 85251 Tel: (480) 478-0709 Fax: (480) 478-0787 Email: MJM@KEERYMCCUE.COM PFK@KEERYMCCUE.COM Debtor's Real Estate Broker: R.O.I. PROPERTIES, LLC Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Patrick Masoya as senior manager. The Debtor did not submit the required list of its 20 largest unsecured creditors when filing the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XBJBROI/GLOBAL_CONSULTING_AND_INVESTMENT__azbke-25-06519__0001.0.pdf?mcid=tGE4TAMA GLOBAL JOINT: Seeks to Extend Plan Exclusivity to November 26 ------------------------------------------------------------- Global Joint Venture Inc. asked the U.S. Bankruptcy Court for the Eastern District of New York to extend its exclusivity period to file a plan of reorganization to November 26, 2025. The Debtor filed its Chapter 11 to protect its real property located in the Bowery section of Manhattan (between Chinatown and SoHo) at 139-141 Bowery, New York, NY (the "Property"). Since the commencement of the case, the Debtor has worked cooperatively with Emerald Creek on a structured process to sell the Property at auction following a vigorous marketing campaign. To that end, the Debtor moved to retain BK Real Estate Advisers as its real estate broker (the "Broker"). The retention was approved following a hearing held on June 24, 2025, and the Order granting the motion is sub judice. Moreover, the Debtor and Emerald Creek have agreed on bid procedures to be used in the marketing campaign and following auction in an effort to maximize the value recovered from the proposed sale of the Property. The hearing on the motion to authorize the sale and approve the bid procedures is scheduled for October 7, 2025. The Debtor explains that it is seeking an extension of the current August 29 exclusivity deadline to preserve the status quo while the plan and sale processes unfold. Global Joint Venture Inc. is represented by: Goldberg Weprin Finkel Goldstein LLP J. Ted Donovan, Esq. 125 Park Avenue, 12th Floor New York, NY 10017 Telephone: (212)221-5700 About Global Joint Venture, Inc. Global Joint Venture Inc. owns a mixed-use commercial condominium situated at 139-141 Bowery in New York, NY. Global Joint Venture Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42139) on May 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. The Debtor is represented by Kevin Nash, Esq. at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP. HIAWATHA MANOR: Seeks to Extend Plan Exclusivity to March 2, 2026 ----------------------------------------------------------------- Hiawatha Manor Association, Inc. of the U.S. Bankruptcy Court for the Middle District of Tennessee seeks to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to March 2, 2026 and May 1, 2026, respectively. The Debtor explains that cause exists to grant the relief requested exists for a number of compelling reasons. First, the Debtor continues to work toward a successful sale of Hiawatha East and Hiawatha West, so the Debtor may propose and confirm a plan and conclude this case. Unfortunately, due to a variety of factors, the Sale Process contemplated for this type of chapter 11 case necessarily takes time because of unique factors relating to the ownership structures and obtaining adequate notice to all parties in interest. Nevertheless, the Sale Process is foundational to the proposal of any successful plan in this chapter 11 case. Second, the Debtor's purpose in seeking extension of the Exclusivity Periods is a good-faith effort to avoid unnecessarily kicking off a plan process prematurely and unnecessarily incurring the added administrative costs that would coincide with such plan process. Further, commencing the plan process ahead of the Sale Process would put the proverbial cart before the horse, serving only to distract from the successful pursuit of the Sale Process. Third, given consideration to each of the foregoing, the Debtor submits that the Extension of the Exclusivity Periods will ultimately serve as a benefit for stakeholders as a whole. Finally, because the Debtor is generally paying its debts as they come due postpetition (and anticipates continuing to do so going forward), the relief requested does not result in prejudice to any creditor or party in interest. Hiawatha Manor Association, Inc. is represented by: Blake D. Roth, Esq. C. Scott Kunde, Esq. Holland & Knight LLP 511 Union Street, Suite 270 Nashville, TN 37219 Telephone: (615) 244-6380 Facsimile: (615) 244-6804 Email: Blake.Roth@hklaw.com About Hiawatha Manor Association Hiawatha Manor Association, Inc. oversees the management of the timeshare condominiums known as Hiawatha Manor and Hiawatha Manor I. Hiawatha Manor Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-01916) on May 6, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Randal S. Mashburn handles the case. The Debtor is represented by Blake D. Roth, Esq., at Holland & Knight, LLP. HIELO DEL CIELO: Hires DeMarco·Mitchell as Legal Counsel --------------------------------------------------------- Hielo del Cielo LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to hire DeMarco·Mitchell, PLLC to serve as legal counsel in its Chapter 11 case. DeMarco·Mitchell will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will receive these hourly compensation: Robert T. DeMarco $450 Michael S. Mitchell $300 paralegal Barbara Drake $125 A prepetition retainer of $12,000 was paid, with $3,982.50 in fees and $1,738 in filing fees applied prior to the petition date, leaving a balance of $6,279.50 held in trust. Postpetition compensation will be paid on an hourly basis plus costs, subject to Court approval. DeMarco·Mitchell, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco·Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Hielo del Cielo Hielo del Cielo LLC, also operating as SNO and Summer Sno, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-43082) on August 20, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Mark X. Mullin presides over the case. Robert Thomas DeMarco, Esq. represents the Debtor as legal counsel. HL PIT STOP: Seeks to Use Cash Collateral Until Oct. 31 ------------------------------------------------------- HL Pit Stop, LLC filed an amended motion seeking approval from the U.S. Bankruptcy Court for the District of Minnesota to use cash collateral through October 31. The Debtor needs to use cash collateral to fund ongoing business operations including payroll, insurance, and other necessary expenses. The Debtor operates a gas station, A&W restaurant, and coffee shop in Howard Lake, Minnesota, and requires use of cash flow from sales and rent to remain operational. The Debtor previously received interim authority to use cash collateral per an order dated August 20. The amended motion removes proposed adequate protection payments to the U.S. Small Business Administration due to a subordination agreement executed in 2021, which gives Citizens State Bank of Waverly priority over SBA's lien. Instead, the Debtor will make weekly adequate protection payments of $800 to Citizens, which holds a first-priority lien and is owed approximately $1.99 million. The SBA remains a secured creditor with a claim of $521,446, but its lien is subordinated. Additional secured creditors include ODK Capital, LLC and Forward Financing, both with UCC-1 filings on the Debtor's personal property and accounts. As of the petition date, the Debtor had minimal liquid assets -- $1,500 in cash and $657 in deposit accounts -- but expects the value of cash and deposits to rise to about $15,000 at the time of the final hearing and fluctuate between $5,000 and $30,000 through the end of October. To protect creditors, the Debtor proposes several forms of adequate protection, including replacement liens in post-petition cash collateral, monthly reporting, insurance maintenance, and weekly payment of $800 to Citizens. The Debtor asserts that its proposed use of cash collateral meets the requirements of 11 U.S.C. sections 361, 363(c), and 363(e), which permit such use with creditor consent or court approval, provided adequate protection is given. No adequate protection is being provided to the SBA due to its subordinate position. Other creditors like ODK and Forward Financing are not slated to receive payments at this time but may receive replacement liens to the extent of any diminution in collateral value. The Debtor has also provided 13-week cash flow projections, which justify the operational need for continued cash collateral usage. About HL Pit Stop HL Pit Stop, LLC operates a convenience-based retail business that combines a gas station with food, beverages, and general merchandise. The Company offers drive-thru meals, deli items, specialty coffee, snacks, and convenience store staples, catering to customers seeking quick service and variety along commuter routes or travel stops. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Minn. Case No. 25-42571) on August 7, 2025, with $105,860 in assets and $2,819,521 in liabilities. David Rollins, authorized representative, signed the petition. Judge Katherine A. Constantine presides over the case. Mary Sieling, Esq., at Sieling Law, PLLC is the Debtor's bankruptcy counsel. Citizens State Bank of Waverly, as secured creditor, is represented by: Peter B. Stein, Esq. Gislason & Hunter, LLP 2700 South Broadway P.O. Box 458 New Ulm, MN 56073-0458 Phone: 507-354-3111 Fax: 507-354-8447 pstein@gislason.com HNL AUTOMOTIVE: Case Summary & 10 Unsecured Creditors ----------------------------------------------------- Five affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- HNL Automotive, Inc. 25-11609 8 The Green Suite #23114 Dover DE 19901 R&H Automotive Group, Inc. 25-11611 8 The Green Suite #23114 Dover DE 19901 RHC Automotive, Inc. 25-11613 dba Nissani Bros. Chrysler Dodge Jeep Ram 8 The Green Suite #23114 Dover DE 19901 RHH Automotive, Inc. 25-11614 dba Nissani Hyundai 8 The Green Suite #23114 Dover DE 19901 RHN, Inc. 25-11615 dba Nissani Nissan 8 The Green Suite #23114 Dover DE 19901 Business Description: HNL Automotive, Inc., R&H Automotive Group, Inc., RHC Automotive, Inc., RHH Automotive, Inc., and RHN, Inc. operate in the U.S. automotive retail sector, with business activities spanning used-vehicle sales, installment-based financing, and new car dealerships. HNL Automotive functions as a used-car dealership, while the R&H group of entities make up the Nissani Brothers Auto Group, which sells Acura, Chrysler, Dodge, Jeep, Hyundai, and Nissan vehicles through a consolidated auto mall in Southern California that integrates showrooms and service facilities. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court District of Delaware Judge: Hon. Laurie Selber Silverstein Debtors' Counsel: Christopher Loizides, Esq. LOIZIDES, P.A. 1225 King Street Wilmington DE 19801 Tel: (302) 654-0248 E-mail: loizides@loizides.com HNL Automotive, Inc.'s Estimated Assets: $1 million to $10 million HNL Automotive, Inc.'s Estimated Liabilities: $100,000 to $500,000 R&H Automotive Group, Inc.'s Estimated Assets: $1 million to $10 million R&H Automotive Group, Inc.'s Estimated Liabilities: $1 million to $10 million RHN, Inc.'s Estimated Assets: $1 million to $10 million RHN, Inc.'s Estimated Liabilities: $1 million to $10 million RHH Automotive, Inc.'s Estimated Assets: $0 to $50,000 RHH Automotive, Inc.'s Estimated Liabilities: $0 to $50,000 RHC Automotive, Inc.'s Estimated Assets: $0 to $50,000 RHC Automotive, Inc.'s Estimated Liabilities: $0 to $50,000 The petitions were signed by Houshang Neyssani as president. Full-text copies of the petitions, which include lists of the Debtors' largest unsecured creditors, are available for free on PacerMonitor at: https://www.pacermonitor.com/view/ZI3PY2Y/HNL_Automotive_Inc__debke-25-11609__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/HHY4CHI/RH_Automotive_Group_Inc__debke-25-11611__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/KKQEZ2A/RHC_Automotive_Inc__debke-25-11613__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/25IRYKA/RHH_Automotive_Inc__debke-25-11614__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/3URUYDQ/RHN_Inc__debke-25-11615__0001.0.pdf?mcid=tGE4TAMA HOUWELING'S ARIZONA: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Houweling's Arizona, Inc. Houwelling's Camarillo, Inc. 26050 S. Eurofresh Ave. Willcox AZ 85643 Business Description: Houweling's Arizona, Inc., based in Willcox, Arizona, operates in the agriculture sector, specializing in greenhouse cultivation of vegetables, including tomatoes and cucumbers, and related produce for domestic and international markets. Chapter 11 Petition Date: August 31, 2025 Court: United States Bankruptcy Court District of Arizona Case No.: 25-08256 Debtor's Counsel: Isaac D. Rothschild, Esq. MESCH CLARK ROTHSCHILD 259 N. Meyer Ave. Tucson AZ 85701 Tel: 520-624-8886 E-mail: jrothschild@mcrazlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Casey Houwelling as president and treasurer. A copy of the Debtor's list of 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/P4TAX6A/HOUWELINGS_ARIZONA_INC__azbke-25-08256__0007.0.pdf?mcid=tGE4TAMA A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HLOEBII/HOUWELINGS_ARIZONA_INC__azbke-25-08256__0001.0.pdf?mcid=tGE4TAMA I-INSPIRE DANCE: Seeks to Hire Fallon Law PC as Counsel ------------------------------------------------------- I-Inspire Dance Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Fallon Law PC as counsel. The firm's services include: a. attendance at the hearing on Debtor's pending pro se motion today, August 20, 2025, and the drafting and filing of the Debtor's Pre-Status Conference Report, also due today; b. attendance at the Initial Debtor Interview scheduled for tomorrow, August 21, 2025, at 1:00 p.m.; c. attendance at the 341 meeting scheduled for Friday, August 22, 2025, at 1:00 p.m.; d. preparation of any amended pleadings, schedules and statements of financial affairs, adversary proceedings and applications incidental to administering the estate, in addition to all the schedules and statements of financial affairs filed yesterday, August 19, 2025, the day after Debtor's proposed counsel entered the case; e. development of the relationship and status of debtor-in-possession and handling of claims of creditors in these proceedings, all in the best interests of the Debtor, creditors and other interested parties; f. advise the debtor-in-possession of its rights, duties, and obligations as a debtor-in-possession; g. performance of legal services incidental and necessary to the day-to-day operation of the Debtor including, but not limited to, institution and prosecution of necessary legal proceedings, debt restructuring, general business, corporate and legal advice, and assistance necessary to the proper preservation and administration of the estate; h. take any and all necessary actions incident to the proper preservation and administration of the Debtor and to the conduct of its business; i. preparation of a plan of reorganization; and j. provision of post-confirmation legal services in connection with implementation of the plan. The firm will be paid at these rates: Attorneys $350 per hour Paralegals $75 to $125 per hour The Debtor paid the firm the amount of $5,000 as retainer, which was paid by the Debtor's 100% shareholder, Dennis Wimberly, Jr. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Fallon disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brad Fallon, Esq. Fallon Law PC 1201 W. Peachtree St. NW, Suite 2625 Atlanta, GA 30309 Telephone: (404) 849-2199 Facsimile: (470) 994-0579 Email: brad@fallonbusinesslaw.com About I-Inspire Dance Inc. I-Inspire Dance Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58261) on July 24, 2025. The Debtor hires Fallon Law PC as counsel. IMG HOLDINGS: Hires Chipman Brown Cicero as Counsel --------------------------------------------------- IMG Holdings, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Chipman Brown Cicero & Cole, LLP as counsel. The firm's services include: (a) providing legal advice with respect to the Debtors' powers and duties as debtors-in-possession in the continued operation of their businesses and management of their properties; (b) negotiating, drafting, and pursuing all documentation necessary in these Chapter 11 Cases; (c) preparing on behalf of the Debtors all applications, motions, answers, orders, reports, and other legal papers necessary to the administration of the Debtorsâ€™ estates; (d) appearing in Court and protecting the interests of the Debtors before the Court; (e) assisting with any disposition of the Debtors' assets, by sale or otherwise; (f) negotiating and taking all necessary or appropriate actions in connection with a plan or plans of reorganization and all related documents thereunder and transactions contemplated therein; (g) attending all meetings and negotiating with representatives of creditors, the United States Trustee, and other parties-in-interest; (h) providing legal advice regarding bankruptcy law, corporate law, corporate governance, transactional, litigation, and other issues to the Debtors in connection with the Debtors' ongoing business operations; and (i) performing all other legal services for, and providing all other necessary legal advice to, the Debtors that may be necessary and proper in these Chapter 11 Cases. The firm will be paid at these rates: William E. Chipman, Jr. $950 per hour David W. Carickhoff $795 per hour Mark D. Olivere $600 per hour Aaron J. Bach $400 per hour Alison R. Maser $400 per hour Michelle M. Dero $350 per hour Within 90 days of the Petition Date, the firm received the following retainer payments from the Debtors: (a) on June 11, 2025, the amount of $10,000 as retainer; (b) on June 25, 2025, the amount of $50,000 supplemental retainer; (c) on July 8, 2025, additional $50,000 supplemental retainer payment; and (d) on August 5, 2025, an additional $25,000 supplemental retainer payment. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Chipman, Jr. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William E. Chipman, Jr., Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Tel: (302) 295-0191 Email: chipman@chipmanbrown.com About IMG Holdings, Inc. IMG Holdings Inc. creates, licenses, and sells fragrances under a portfolio of classic and contemporary perfume brands. Founded in Barcelona, Spain in 1932 and later relocating operations to the United States, the Company develops its fragrance oils domestically and sources packaging components from China, with products sold through its own website, major retailers such as Walmart and Amazon, and other distribution channels. Its brand portfolio includes Tabu, Chantilly, English Leather, and Love's Baby Soft, among other long-established perfume lines. IMG Holdings Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11500) on August 11, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Karen B. Owens handles the case. The Debtors are represented by William E. Chipman, Jr., Esq., David W. Carickhoff, Esq., Mark D. Olivere, Esq., Aaron J. Bach, Esq., and Alison R. Maser, Esq. at Chipman Brown Cicero & Cole, LLP. The Debtors' noticing, claims & balloting agent is Stretto, Inc. INDU MOTEL: Seeks to Hire Calaiaro Valencik as Legal Counsel ------------------------------------------------------------ Indu Motel LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire Calaiaro Valencik to serve as legal counsel in its Chapter 11 case. Calaiaro Valencik will provide these services: (a) preparing bankruptcy petition and attendance at the meeting of creditors; (b) representing the Debtor in relation to negotiating an agreement on cash collateral; (c) representing the Debtor in relation to acceptance or rejection of executory contracts; (d) advising the Debtor about preference actions; (e) advising the Debtor regarding their rights and obligations during the Chapter 11 case; (f) representing the Debtor in relation to any motions to convert or dismiss this Chapter 11; (g) representing the Debtor in relation to any motions for relief from stay filed by any creditors; (h) preparing the Plan of Reorganization; (i) preparing any objection to claims in the Chapter 11; and (j) otherwise, representing the Debtor in general. The firm's billing rates effective January 1, 2025, are: Donald R. Calaiaro Attorney/Equity Partner $475 David Z. Valencik Attorney/Equity Partner $395 Andrew K. Pratt Attorney/Equity Partner $335 Daniel R. White Attorney/Partner $350 Paralegals $125 Calaiaro Valencik was paid a total of $6,000, of which $1,738 was applied to the filing fee, and $4,262 remains in escrow pending court approval. Calaiaro Valencik is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Donald R. Calaiaro, Esq. CALAIARO VALENCIK 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Telephone: (412) 232-0930 Facsimile: (412) 232-3858 E-mail: dcalaiaro@c-vlaw.com About Indu Motel LLC Indu Motel LLC is a motel operator located in Somerset, Pennsylvania. Indu Motel LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa.Case No. 25-70304) on July 30, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Calaiaro Valencik, Esq. INSIGHT PHOTONIC: Unsecureds to Get Share of Net Sale Proceeds -------------------------------------------------------------- Insight Photonic Solutions, Inc. and Insight Lidar, Inc. submitted a Disclosure Statement for the Joint Plan of Reorganization dated August 22, 2025. The Debtors are award-winning leaders in 3D imaging and fast-scan swept wavelength laser technology. Debtors develop, fabricate and supply photonic integrated circuits embedded in subsystems. Formed in 2007, Insight Photonic began commercial shipments in 2012. Insight Photonic's initial products were used in medical diagnostics and industrial imaging sectors. Insight Photonic continues to produce products for sale in these sectors at present. Insight Lidar was originally formed by Insight Photonic as a limited liability company in Colorado on November 8, 2016. That entity was voluntarily dissolved in Colorado on May 22, 2019. Insight Lidar was re-formed as a corporation in Delaware on May 9, 2018. The Debtors' primary assets are their patents and intellectual property ("IP Assets"). Insight Photonic and Insight Lidar hold over 35 patents in the aggregate. Some of the LiDAR patents are owned by Insight Photonic, and some of the non-LiDAR patents are owned by Insight Lidar. The ultimate purpose of the Plan is to preserve value for the creditors and investors through one or more Liquidity Events, which may take several years to come to fruition. Post-Confirmation, Consolidated Insight shall, while continuing business operations, seek out possible opportunities for the sale of the assets/businesses. Class 7 consists of CD Unsecured Claims. This Class is impaired. The convertible feature of the loans constituting these Claims shall be cancelled and extinguished. The holders of Allowed Claims in this Class will be paid pro rata, together with the Allowed Claims in Class 8 (General Unsecured Claims), in Cash, from Net Sale Proceeds, if any, after payment in full of all Administrative Claims, Priority Tax Claims, and Claims in Classes 1, 2, 3 (including the Multiplier portion of these Claims), 4 (to the extent these Claim are not avoided), and 6. Since Class 7 is impaired, holders of Allowed CD Unsecured Claims are entitled to vote to accept or reject the Plan. As set forth in Article II, D5, these Claims total $16,289,687.00. Class 8 consists of General Unsecured Claims. This Class is impaired. Unless otherwise agreed, the holders of Allowed Claims in this Class will be paid pro rata, together with the Allowed Claims in Class 7 (CD Unsecured Claims), in Cash, from the Net Sale Proceeds, if any, after payment in full of all Administrative Claims, Priority Tax Claims, and Claims in Classes 1, 2, 3 (including the Multiplier portion of these Claims), 4 (to the extent these Claim are not avoided), and 6. As set forth in Article II, D5, these Claims total $27,287,742.05. All IPS and Lidar Existing Equity Interests shall be cancelled and extinguished as of the Effective Date of the Plan. Further, all IPS and Lidar Existing Shareholders shall receive New Common Stock if all prior Classes (including all Third Tier Secured Debt) have been paid in full. In such event, all Existing Shareholders shall share in a pool of New Common Stock representing 12% of all the authorized New Common Stock under this Plan. Consolidated Insight shall issue the New Common Stock pro rata based on the number of shares formerly held by each Existing Shareholder, as compared to the total number of shares formerly held by all Existing Shareholders, whether common or preferred stock. Consolidated Insight shall update the Projected Budget attached hereto on a periodic basis when needed and shall make it available to the Oversight Board. The funds necessary for Consolidated Insight to continue in business pending a Liquidity Event shall be obtained from ongoing business operations and additional postpetition loans, if any. The Debtors project that the revenues generated from the sale of non-automotive laser products will allow Debtor to maintain a presence until the automotive next-generation safety system programs are restarted. In addition, Debtors have secured $110,000.00 to date in additional postpetition funding which will be applied to operational expenses as is set forth in the Projected Budget. Debtors will seek approval of this amount prior to the Confirmation. The Debtors' ability to reach their objectives will be principally dependent upon its ability to meet the sales revenues anticipated in the Projected Budget. In a competitive market, there can be no assurance that Debtors will succeed in generating such forecast sales or that the revenues will be in the projected amounts, both factors beyond Debtors' control. The sale of non-automotive laser products depends on the demands of customers and customers' budgets and needs. Changes to such demands or budgets are outside of Debtors' control. Debtors intend to mitigate the risks of such factors by periodically tracking and updating the Projected Budget. A full-text copy of the Disclosure Statement dated August 22, 2025 is available at https://urlcurt.com/u?l=QwwrGO from PacerMonitor.com at no charge. Counsel for the Debtors: J. Brian Fletcher, Esq. Alice A. White, Esq. Onsager | Fletcher | Johnson | Palmer LLC 600 17th Street, Suite 425 North Denver, CO 80202 Telephone: (720) 457-7059 Email: jbfletcher@OFJlaw.com About Insight Photonic Solutions Insight Photonic Solutions, Inc., in Broomfield, CO, filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 24-13141) on June 6, 2024, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. Michael Minneman as chief executive officer, signed the petition. Judge Michael E. Romero oversees the case. ONSAGER | FLETCHER | JOHNSON | PALMER LLC serves as the Debtor's legal counsel. INTELLIGENT PAYMENT: Voluntary Chapter 11 Case Summary ------------------------------------------------------ Debtor: Intelligent Payment Processing, Inc. 270 SW Natura Ave Deerfield Beach, FL 33441 Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Southern District of Florida Case No.: 25-20183 Judge: Hon. Scott M. Grossman Debtor's Counsel: Vivian Sobers, Esq. SOBERS LAW PLLC 11 Broadway Suite 615 New York, NY 10004 Tel: (917) 225-4501 E-mail: vsobers@soberslaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $0 to $50,000 The petition was signed by Michael Trimarco as president. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7LK254A/Intelligent_Payment_Processing__flsbke-25-20183__0001.0.pdf?mcid=tGE4TAMA IRWIN NATURALS: Hires Brown White & Osborn as Litigation Counsel ---------------------------------------------------------------- Irwin Naturals and affiliates received approval from the U.S. Bankruptcy Court for the Central District of California to employ Brown White & Osborn LLP as their special litigation counsel. The firm will represent the Debtors in connection with a mediation scheduled for August 27, 2025 of, among other issues, potential litigation claims against the Bank and the anticipated upcoming plan confirmation proceedings in these cases. The firm's hourly rates are: Partner $700 to $1,050 Associate $300 to $500 Paralegal $225 Brown White shall receive post-petition retainer in the amount of $75,000. As disclosed in the court filings, Brown White is a "disinterested person" within the meaning of sections 101(14) and 327(e) of the Bankruptcy Code. The firm can be reached through: Cynthia M. Cohen, Esq. Brown, White & Osborn LLP 333 South Hope Street, 40th Floor Los Angeles, CA 90071 Tel: (213) 613-0500 Fax: (213) 613-0550 Email: ccohen@brownwhitelaw.com About Irwin Naturals Irwin Naturals Inc. is a provider of business support services. Irwin Naturals Inc. and its affiliates sought relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Lead Case No. 24-11324) on Aug. 9, 2024. In the petitions filed by Klee Irwin, chief executive officer, Irwin Naturals disclosed between $10 million and $50 million in both assets and liabilities. Judge Victoria S. Kaufman oversees the cases. The Debtors tapped BG Law LLP as bankruptcy counsel, Jerrel G. John CPA as tax accountant, and Province LLC as financial advisor. Omni Agent Solutions, Inc., is the Debtors' administrative agent. J.R. BUTLER: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: J.R. Butler, Inc. d/b/a JR Butler, Inc. d/b/a JR Butler d/b/a JRB d/b/a J.R.B 8535 Highfield Parkway, #100 Englewood, CO 80112 Business Description: J.R. Butler, Inc. provides glass and glazing contracting services with operations centered on the engineering, fabrication, and installation of architectural systems including unitized curtain walls, ribbon windows, and storefronts. Founded in 1994, the Company is based in Englewood, Colorado, and works with architects, owners, and general contractors to deliver building envelope solutions. It serves construction and real estate development projects across its regional markets. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court District of Colorado Case No.: 25-15598 Debtor's Counsel: Jeffrey A. Weinman, Esq. ALLEN VELLONE WOLF HELFRICH & FACTOR, P.C. 1600 Stout Street 1900 Denver, CO 80202 Tel: 303-534-4499 E-mail: jweinman@allen-vellone.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million Marc Butler signed the petition in his capacity as CEO. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4LX5IXY/JR_Butler_Inc__cobke-25-15598__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Assa Abloy Supplier/ $522,578 PO Box 827375 Subcontractor Philadelphia, PA 19182-7375 2. Avenger Logistics Supplier/ $277,722 PO Box 654168 Subcontractor Dallas, TX 75265-4168 3. Colorado Mechanical Supplier/ $169,105 Insulation Inc. Subcontractor 2090 W Bates Ave Englewood, CO 80110 4. dormakaba USA Inc. Supplier/ $112,750 PO Box 5819 Subcontractor Carol Stream, IL 60197 5. Expert Spray Protection Supplier/ $212,583 9000 Stuart St Subcontractor Westminster, CO 80031 6. Grizzly Glass and Supplier/ $310,588 Door LLC Subcontractor 1746 W 1770 S West Haven, UT 84401-3833 7. Intermountain Lock Supplier/ $124,068 & Security Subcontractor P.O. Box 65158 Salt Lake City, UT 84165-0158 8. Kawneer Supplier/ $152,346 PO Box 538367 Subcontractor Atlanta, GA 3035 9. Lions Tale, LLC Supplier/ $481,124 7300 S Perry Park Rd Subcontractor Larkspur, CO 80118 10. Martineau & Company, LLC Supplier/ $127,117 22 Ellridge Pl Subcontractor Ellington, CT 06029 11. Orazen Supplier/ $158,558 999 S. Chillicothe Rd Subcontractor Aurora, OH 44202 12. RoadRunner Supplier/ $118,868 Recycling, Inc. Subcontractor One PPG Place FL 33 Pittsburgh, PA 15222 13. Smalley & Company Supplier/ $237,157 601 East 64th Ave Subcontractor Bldg B, Suite B100 Denver, CO 80229 14. Sourcepass Supplier/ $146,212 515 Subcontractor Broadhollow Rd Melville, NY 11747 15. Summit Sealants Supplier/ $503,411 and Restoration Services Subcontractor 2450 N. Townsend Ave Montrose, CO 81401 16. Texas Access Controls Supplier/ $173,565 PO Box 740702 Subcontractor Atlanta, GA 30374-0702 17. United Rentals Supplier/ $979,436 Northwest, Inc. Subcontractor United Rentals (North America), Inc. PO Box 840514 Dallas, TX 75284-0514 18. Viracon Supplier/ $581,123 S.D.S. 12-0570 Subcontractor P.O. Box 86 Minneapolis, MN 55486 19. Wausau Window Supplier/ $129,605 and Wall Systems Subcontractor P.O. Box 74747 Chicago, IL 60694-4747 20. Western Extrusions Corp Supplier/ $924,122 PO Box 810219 Subcontractor Dallas, TX 75381-0219 JACKSBOSTON LLC: Employs Bradford Law Offices as Legal Counsel -------------------------------------------------------------- Jacksboston LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Danny Bradford of Bradford Law Offices to serve as legal counsel in its Chapter 11 case. Mr. Bradford will provide these services: (a) represent Debtor in these proceedings; (b) provide representation in a Chapter 11 proceeding in the Eastern District of North Carolina; and (c) perform other services as agreed under the terms of the Fee Agreement, with any additional services subject to a Supplemental Contract. Mr. Bradford will receive an initial deposit of $23,578, monthly payments of $7,500 beginning September 1, 2025. The firm's hourly rates: -- attorney time in court $600 -- attorney time outside court $600, and -- paralegal time $185. Prior to the filing of the case, Mr. Bradford was paid $21,840 for attorney's fees and $1,738 for the Court Filing Fee, all earned pre-petition, with no balance remaining in trust. Bradford Law Offices is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Danny Bradford, Esq. BRADFORD LAW OFFICES 455 Swiftside Drive, Suite 106 Cary, NC 27518 About Jackboston LLC Jackboston LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-03234) on August 21, 2025. In the petition signed by Cortland Rush, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Pamela W. McAffee oversees the case. Danny Bradford, Esq., at Paul D. Bradford, PLLC, represents the Debtor as legal counsel. JACKSBOSTON LLC: Unsecureds Will Get 2% of Claims over 5 Years -------------------------------------------------------------- Jacksboston LLC filed with the U.S. Bankruptcy Court for the Eastern District of North Carolina a Disclosure Statement describing Chapter 11 Plan dated August 22, 2025. The Debtor is a North Carolina limited liability company owed by brothers Courtland Rush, Keegan Rush and Parker Sexton. The Debtor operates from its location in Angier, North Carolina, and provides e-Commerce branding and marketing sales and services throughout the United States. The company was established in 2014 by Courtland and Keegan Rush. The Debtor filed this case in an attempt to cram down its secured and unsecured loans and to pay a reasonable dividend to unsecured creditors and fund those payments from the ongoing profitable operations e-Commerce branding and marketing sales and services business. Class 3 consists of General Unsecured Claims. The Debtor believes that Allowed General Unsecured Claims total $2,193,271.94, including the bifurcated amount of secured claims, but not including debts owed to members, which claims shall be subordinated to all other claims and not paid in Class 3. The Debtor proposes to satisfy this class by paying a total of $60,000.00. This amount will pay Allowed General Unsecured Claims approximately 2% of each claim. Said payments shall be made in equal quarterly installments of $3,000.00, over five years, on a pro rata basis, with the first quarterly installment due on January 1, 2026 and the final quarterly installment due on October 1, 2030. This Class is impaired. Class 4 consists of equity interests in the Estate held by Courtland Rush, Keegan Rush and Parker Sexton ("Members"). Title to and ownership of all property of the estate will vest in the Debtor upon Confirmation of the Plan, subject to all valid liens of Secured Creditors under the Confirmed Plan. Liens of bifurcated Claims will be valid only to the extent of the Allowed Secured Amount of the Claim. To the extent that Class 3 does not accept the Plan, the Members, ("Equity Owners"), will offer $5,000.00 of New Value for the purchase of their equity interests in the estate. In the event that any party desires to offer an amount in excess of $5,000.00 for the purchase of said equity interest, they must do so in writing to the Debtor's counsel no later than the court-established deadline for balloting on this plan. In the event there are no other parties willing to bid for the equity interests by the balloting deadline, the amount offered by the Equity Owners shall be deemed the accepted bid for said equity interest. The Debtor expects to receive average gross monthly receipts in the amount of $188,900.00 for the next several months. The Debtor expects revenues to increase over time, such that it will always generate at least as much net revenue to fund this Plan as when the Plan is filed. A full-text copy of the Disclosure Statement dated August 22, 2025 is available at https://urlcurt.com/u?l=9v6GLd from PacerMonitor.com at no charge. The Debtor's Counsel: Danny Bradford, Esq. PAUL D. BRADFORD, PLLC 455 Swiftside Drive Suite 106 Cary, NC 27518-7198 Tel: (919) 758-8879 Fax: (919) 803-0683 E-mail: dbradford@bradford-law.com About Jackboston LLC Jackboston LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03234) on August 21, 2025. In the petition signed by Cortland Rush, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Pamela W. McAffee oversees the case. Danny Bradford, Esq., at Paul D. Bradford, PLLC, represents the Debtor as legal counsel. JACKSONVILLE MOVING: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------------- Jacksonville Moving, Inc. asks the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, for authority to use cash collateral and provide adequate protection. The Debtor needs to use cash collateral to continue funding its day-to-day business expenses and administrative costs necessary to preserve the value of its estate. It notes that Dogwood State Bank appears to be the primary secured creditor, holding two UCC-1 financing statements filed on August 25, 2022, which grant it a security interest in all the Debtor's assets, excluding vehicles. The Debtor estimates Dogwood's claim to be approximately $1.6 million and acknowledges that any other parties, such as Bryan and Lisa Tully (who financed a note without recording a UCC-1), would hold junior, likely unsecured claims. While the Debtor reserves the right to challenge the validity or perfection of Dogwood's liens at a later time, it proposes to provide Dogwood with adequate protection. This includes depositing all operational income into a new debtor-in-possession bank account, using funds strictly in accordance with a proposed budget, allowing up to a 10% variance per line item monthly, and submitting monthly operational and financial reports to Dogwood. Additionally, the Debtor agrees to grant Dogwood a replacement lien in any post-petition cash collateral to the same extent, validity, and priority as its pre-petition liens. The Debtor also proposes, subject to Dogwood's consent, to make adequate protection payments during the case. An updated budget will be provided to Dogwood before the final hearing. The Debtor argues that immediate authorization to use cash collateral is essential to avoid direct, irreparable harm to its operations. The inability to pay employees, vendors, utilities, or rent would jeopardize its ability to function and diminish the value of the estate, ultimately harming creditors. About Jacksonville Moving Inc. Jacksonville Moving Inc., doing business as College Hunks Hauling Junk & Moving, provides professional moving services and junk removal solutions in the Duval County area. Jacksonville Moving Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02952) on August 26, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Judge Jacob A. Brown oversees the case. The Debtor is represented by David Jennis, PA. JAMANA LLC: Taps Ryan Legal Services as Bankruptcy Counsel ---------------------------------------------------------- Jamana, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Alabama to employ Ryan Legal Services, Inc. as its attorney. The firm's services include: a. advising the Debtor-in-Possession as to the rights, powers and duties of a debtor-in possession, as enumerated within 11 U.S.C. Sec. 1101, et seq.; b. preparing and filing the documents necessary to advance this case including, but not limited to, answers, applications, motions, proposed orders, responses, schedules and other necessary and required legal documents; c. representing the Debtor-in-Possession at the hearings in this matter; d. preparing and filing the status report and plan; e. defending challenges to the automatic stay set forth within 11 U.S.C. Sec. 362(a); and f. providing such other legal services and/or preparing and/or filing such other documents as may be necessary for Debtor-in-Possession to carry out its duties and functions in this case. The firm's hourly rates are: Attorneys $275 Paralegal $75 The firm received a retainer in the amount of $5,000. Kevin M. Ryan, Esq., 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: Kevin M. Ryan, Esq. Ryan Legal Services, Inc. 209 N. Joachim Street P.O. Box 2161 Mobile, AL 36652 Telephone: (251) 431-6012 Facsimile: (877) 499-5130 Email: ryanlegalservices@gmail.com About Jamana LLC Jamana LLC, doing business as Quality Inn Mobile West Tillman's Corner, operates a 58-room franchised Quality Inn hotel in Mobile, Alabama, offering lodging services and amenities such as complimentary breakfast, Wi-Fi and a seasonal outdoor pool. Jamana sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ala. Case No. 25-11994) on July 29, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue handles the case. The Debtor is represented by Kevin M. Ryan, Esq., at Ryan Legal Services, Inc. JR BUTLER: Seeks Chapter 11 Bankruptcy in Colorado -------------------------------------------------- Bondoro reports that Englewood, Colorado-based J.R. Butler, Inc., a contractor specializing in unitized glazing systems, entered Chapter 11 proceedings on August 29, 2025 in the District of Colorado. The firm designs, engineers, and manufactures glazing systems for commercial construction projects. According to the filing, the company reports between $10 million and $50 million in both assets and liabilities. Unsecured creditors are expected to receive distributions. The case is docketed under number 25-15598. About J.R. Butler Inc. J.R. Butler Inc. is an Englewood, Colorado-based specializing in unitized glazing systems. The company designs, engineers, and manufactures glazing systems for commercial construction projects. J.R. Butler Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-15598) on August 29, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by Jeffrey Weinman, Esq. at Allen Vellone Wolf Helfrich & Factor P.C. KIRKBRIDE LAND: Gets Extension to Access Cash Collateral -------------------------------------------------------- Kirkbride Land and Snow Management, LLC received a 14-day extension from the U.S. Bankruptcy Court for the Southern District of Ohio, Eastern Division, to use cash collateral. The court's interim order authorized the Debtor to use cash collateral to pay $80,453 in expenses during the interim period. Secured creditors Kemba Financial Credit Union and the U.S. Small Business Administration will be provided with adequate protection in the form of security interests, with the same priority as their pre-bankruptcy security interests. In addition, Kemba and the SBA will receive $10,000 and $500, respectively. These payments are due by September 15. The SBA holds a first-priority lien on the Debtor's cash, accounts receivable, contracts, inventory, and general personal property and is owed approximately $150,000. Kemba holds a first lien on certain motor vehicles and a second blanket lien on the Debtor's remaining assets, securing a $2.23 million loan. Kemba is further secured by second mortgages on commercial and residential real estate, including the PAI Real Property owned by related parties and listed for sale at $2.1 million. The Debtor operates a commercial landscaping and snow removal business based in Ohio. It is jointly owned and managed by Angelia and David Kirkbride, who previously operated a similar business before forming the Debtor in 2019. It initially operated successfully, serving large commercial clients across multiple states. However, the Debtor began experiencing significant financial distress in 2023 and 2024 due to customer attrition, underbidding by competitors, and abnormally mild winters in 2022 and 2023 that severely reduced snow removal revenue. Though snowfall returned in 2024, the increased work could not make up for prior losses, leading to unpaid debts, vendor lawsuits, and defaults. Facing mounting pressure and no viable path forward, the Debtor filed for Chapter 11 relief on August 18. The Debtor's assets total approximately $2.16 million and include $102,000 in accounts receivable, about $8,000 in bank deposits, $2 million in equipment and vehicles, and $50,000 in customer relationships. Certain assets are also encumbered by purchase-money liens totaling roughly $372,000 owed to various creditors, including Ford Motor Credit, Navitas, Caterpillar Financial, Kubota Credit, m2 Equipment Finance, and North Valley Bank. However, these creditors do not have claims on the Debtor's cash collateral. The Debtor believes many of the encumbered assets retain some equity above the debt owed. Nonetheless, the SBA and Kemba are the only creditors with interests in the Debtor's cash collateral. The Debtor believes that both creditors are protected by substantial equity cushions. The SBA's collateral is estimated to be worth $1.488 million, leaving it oversecured by more than $1.3 million or about 900%. Kemba's debt is secured by Debtor assets valued at approximately $1.638 million, as well as the PAI real property. Even under conservative assumptions regarding a sale of the PAI real property at 80% of its listed value, there would still be at least $1.04 million in net proceeds available to apply to the Kemba debt. Combined, these protections give Kemba a minimum equity cushion of $448,000 or more than 20%, which could grow to 36% after the anticipated sale of the PAI property. Kemba is represented by: Gregory Stout, Esq. Plunkett Cooney 220 Mill Street Milford, OH 45150 Phone: 614-629-3000 Fax: 248-901-4040 gstout@plunkettcooney.com About Kirkbride Land and Snow Management Kirkbride Land and Snow Management LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 2:25-bk-53599) on August 18, 2025. In the petition signed by Angelia Kirkbride, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Mina Nami Khorrami oversees the case. David Whittaker, Esq., at Allen Stovall Neuman & Ashton LLP, represents the Debtor as legal counsel. LAVENDER LANDSCAPE: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Arizona is set to hold a hearing on September 3 to consider another extension of Lavender Landscape Design Co., LLC's authority to use cash collateral. The Debtor was initially allowed to use cash collateral pursuant to the court's August 26 interim order to pay the expenses listed in its interim budget, subject to a 10% variance. The court did not approve the proposed $3,000 in marketing expenses and $4,275 in vehicle lease expenses. The August 26 order granted Fox Funding Group, LLC, a secured creditor, replacement liens on assets acquired by the Debtor after its Chapter 11 filing, including cash and receivables. It also approved the monthly payments of $4,900 to Fox, $1,033.84 to Ally Financial, and $587.91 to Stellantis Financial. The Debtor's use of cash collateral is conditioned on paying those who provided labor, preferred service, materials, machinery, fixtures or tools under A.R.S. Section 33-1005. About Lavender Landscape Design Co. LLC Lavender Landscape Design Co. LLC, based in Tempe, Arizona, provides luxury landscape architecture, design, and construction services for residential clients, offering features such as 3D renderings, custom fire pits, water features, swimming pools, hardscaping, and outdoor lighting. Founded in 2019 by Haley Tew, the Company operates from a 20,000-square-foot facility and serves clients across Arizona with an emphasis on personalized, high-end outdoor environments. The firm handles both design and build phases in-house, catering to projects ranging from mid-sized renovations to multimillion-dollar estate landscapes. Lavender Landscape Design Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-07403) on August 9, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy JudgeÂ Madeleine C. Wanslee handles the case. The Debtor is represented by Ronald J. Ellett, Esq., at Ellett Law Offices, P.C. LIFESCAN GLOBAL: Committee Hires Paul Hastings LLP as Counsel ------------------------------------------------------------- The Official Committee of Unsecured Creditors of Lifescan Global Corporation and affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Paul Hastings LLP as counsel. The firm's services include assisting, advising, and representing the Committee with respect to: (a) its rights, powers and duties in the Chapter 11 Cases; (b) general oversight of the Chapter 11 Cases; (c) the Committee's evaluation and negotiation of any post-petition financing, cash collateral usage, or exit financing; (d) the Committee's analysis of the Debtors' capital structure, as well as other claims asserted against and interests asserted in the Debtors; (e) the Committee's analysis of the assumption or rejection of the Debtors' executory contracts and unexpired leases, as well as any negotiations with respect to such contracts and leases; (f) the Committee's review of the Debtors' Schedules, Statements of Financial Affairs and other financial reports filed by the Debtors; (g) the Committee's analysis and investigation of the acts, conduct, assets, operations and financial condition of the Debtors; (h) the Committee's analysis and investigation of potential estate claims and causes of action, including potential avoidance actions arising under Chapter 5 of the Bankruptcy Code; (i) the Committee's evaluation, negotiation, and documentation of any proposed sale of all or a portion of the Debtors' assets or businesses, including any proposed bidding procedures, bids, purchase agreements, and related pleadings and orders; (j) the Committee's evaluation, negotiation, confirmation, and implementation of any chapter 11 plan, disclosure statement, and related documentation that may be filed in the Chapter 11 Cases; (k) the preparation, on behalf of the Committee, of any pleadings, motions, applications, orders, memoranda, complaints, answers, objections, replies, responses, and other legal papers, and the review and analysis of all other pleadings filed in connection with the Chapter 11 Cases; (l) appearances in hearings, trials, adversary proceedings, conferences, mediations, or other proceedings before this Court (or any ancillary proceedings related to the Debtors before any other court) on behalf of the Committee; (m) any consultations, meetings, and negotiations with the Debtors, creditors, and other parties-in-interest on behalf of the Committee; (n) communications with the Committee's constituents, consistent with section 1102 of the Bankruptcy Code and otherwise; and (o) the performance of such other legal services as are necessary to assist the Committee in discharging its duties and responsibilities in connection with the Chapter 11 Cases. The firm will be paid at these rates: Partners $1,735 to $2,520 per hour Of Counsel $1,695 to $2,395 per hour Associates $825 to $1,520 per hour Paralegals $300 to $670 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Paul Hastings provides the following response to the request for information set forth in Paragraph D.1. of the Appendix B Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Not applicable. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: The Committee and Paul Hastings expect to work together to develop a budget and staffing plan for the Chapter 11 Cases. Erez Gilad, Esq., a partner at Paul Hastings, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Erez E. Gilad, Esq. Paul Hastings LLP 200 Park Avenue New York, NY 10166 Telephone: (212) 318-6445 Facsimile: (212) 752-2245 Email: erezgilad@paulhastings.com About Lifescan Global Corporation LifeScan delivers personalized health, wellness, and digital solutions to individuals living with diabetes. Since 1981, LifeScan has advanced glucose care and diabetes management with pioneering technologies and new products, and is actively engaged in designing, developing, manufacturing, and marketing devices, software, and applications. Its comprehensive portfolio of diabetes-related products and services includes blood glucose monitoring devices, blood glucose test strips, lancing devices, and digital applications. LifeScan Global Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90259) on July 15, 2025. As of the Petition Date, the Debtors have approximately $786 million assets and approximately $1.7 billion in liabilities. Judge Alfredo R Perez presides over the case. Megan Young-John and John F Higgins, IV at Porter Hedges LLP, represent the Debtor as legal counsel. Milbank LLP as co-counsel. PJT Partners LP as investment banker. LIGADO NETWORKS: Spectrum Dispute w/ Inmarsat Not Ripe, Says Judge ------------------------------------------------------------------ Ben Zigterman of Law360 Bankruptcy Authority reports that on Friday, August 29, 2025, a Delaware bankruptcy judge refused to weigh in on how to interpret a mediated deal among Ligado Networks, AST SpaceMobile Inc., and Viasat unit Inmarsat Global Ltd., citing the absence of an actual, live controversy. Ligado is currently in Chapter 11 proceedings. About Ligado Networks Ligado Networks, formerly LightSquared, provides mobile satellite services. The Debtor's satellite and terrestrial solutions, combined with powerful, lower mid-band spectrum, serve to supplement and broaden mobile coverage across the United States and Canada. On the Web: http://www.ligado.com/ On January 5, 2025, Ligado Networks LLC and certain of its affiliates each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-10006). Perella Weinberg Partners LP is serving as investment banker to Ligado, FTI Consulting, Inc. is serving as financial advisor, Milbank LLP is serving as legal counsel, and Richards, Layton & Finger P.A. is serving as co-counsel. Omni Agent Solutions LLC is the claims agent. An ad hoc group of first lien creditors is being advised by Guggenheim Securities, LLC as financial advisor, and by Sidley Austin LLP as counsel. An ad hoc group of crossholding creditors is being advised by Kirkland & Ellis LLP. LION RIBBON: Committee Hires Dundon as Co-Financial Advisor ----------------------------------------------------------- The Official Committee of Unsecured Creditors of Lion Ribbon Texas Corp and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Dundon Advisers LLC as co-financial advisor. The firm will provide these services: (a) develop a complete understanding of the Debtors' businesses and their valuations; (b) assist in the analysis, review, and monitoring of the restrucuting, sale and/or liquidation process, including, but not limited to, an assessment of the unsecured claims pool and potential recoveries for unsecured creditors; (c) determine whether there are viable alternative paths for the disposition of the Debtors' assets from any currently or in the future proposed by any Debtor; (d) advise the Committee on the marketing process of the Debtors' assets to any company based in the United States; (e) assist in valuing any bids or term sheets received for the Debtors' assets; (f) monitor and, to the extent appropriate, assist the Debtors in efforts to develop and solicit transactions that would support unsecured creditor recovery; (g) assist the Committee to analyze, classify and address claims against the Debtors and to participate effectively in any effort in these chapter 11 cases to estimate (in any formal or informal sense) contingent, unliquidated, and disputed claims; (h) assist the Committee to identify, preserve, value, and monetize tax assets of the Debtors, if any; (i) advise the Committee in negotiations with the Debtors, certain of the Debtors' lenders, and third parties; (j) assist the Committee in reviewing the Debtors' current financial reports, including, but not limited to, schedules of assets and liabilities, cash budgets, and monthly operating reports; (k) assist the Committee in reviewing historical financial information of the Debtors. (l) assist the Committee in reviewing the Debtors' cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; (m) review and provide analysis of the present and any subsequent proposed debtor in-possession financing or use of cash collateral; (n) review and provide analysis of any proposed disclosure statement and chapter 11 plan and, if appropriate, assist the Committee in developing an alternative chapter 11 plan; (o) attend meetings and assist in discussions with the Committee, the Debtors, the secured lenders, the U.S. Trustee and other parties in interest and professionals; (p) present at meetings of the Committee, as well as meetings with other key stakeholders and parties; (q) provide final review and quality assurance of all materials created by any retained financial advisor of the Committee before distributing to other Committee professionals, Debtor professionals, or Committee members; (r) perform such other advisory services for the Committee as may be necessary or proper in these proceedings that are not included here but not duplicative with any contemplated scope of work of Foresight that is explicitly listed below. (s) provide testimony on behalf of the Committee as and when may be deemed appropriate. The firm will be paid at these rates: Principal $1,090 per hour Managing Director $960 per hour Senior Advisor $960 per hour Senior Director $850 per hour Director $755 per hour Associate Director $650 per hour Senior Associate $495 per hour Associate $350 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Joshua Nahas, a principal at Dundon Advisers, 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 through: Joshua Nahas Dundon Advisers, LLC Ten Bank Street, Suite 1100 White Plains, NY 10606 Telephone: (917) 650-2968 Email: jn@dundon.com About Lion Ribbon Texas Corp. Lion Ribbon Texas Corp. and affiliates design, manufacture, and distribute consumer crafting, gifting, and stationery products for celebrations, hobbies and creative play. They operate globally, with facilities across North America and supporting operations in India, Hong Kong, China, the United Kingdom, and Australia. They supply both branded and private-label products to consumers and major corporate clients. The Debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90164) on July 3, 2025. In their petitions, the Debtors reported $100 million to $500 million in assets and liabilities on a consolidated basis. Judge Christopher M. Lopez handles the cases. The Debtors are represented by Caroline A. Reckler, Esq., Ray C. Schrock, Esq., Adam S. Ravin, Esq., Randall Carl Weber-Levine, Esq., and Meghana Vunnamadala, Esq., at Latham & Watkins, LLP. The Debtors tapped Huron Consulting Services, LLC as investment banker and financial advisor; Deloitte Tax, LLP as tax services provider; Liskow & Lewis, APLC as conflicts counsel; C Street Advisory Group, LLC as communications advisor; and Kroll Restructuring Administration, LLC as claims, noticing and solicitation agent. On July 22, 2025, the Office of the U.S. Trustee appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and Orrick, Herrington & Sutcliffe LLP as counsel. LION RIBBON: Committee Hires Foresight as Co-Financial Advisor -------------------------------------------------------------- The Official Committee of Unsecured Creditors of Lion Ribbon Texas Corp. and affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Foresight Restructuring LLC as co-financial advisor. The firm will provide these services: a. perform additional outreach to potential bidders of the Debtors' assets who are based in Asia; b. assist the Committee in reviewing the Debtors' statements of financial affairs; c. assist the Committee in evaluating and analyzing avoidance actions, including fraudulent conveyances and preferential transfers; d. assist the Committee in identifying, valuing, and pursuing estate causes of action arising out of historical acts and omissions, including, but not limited to, relating to prepetition transactions, control person liability, and lender liability; and e. enable the Committee professionals effectively to communicate with the Committee members' responsible officers, including but not limited to providing written and verbal translations and appropriate business cultural context. The Committee has determined that the above scope of work is not duplicative of the contemplated scope of work of Dundon, which will consists principally of: a. develop a complete understanding of the Debtors' businesses and their valuations; b. assist in the analysis, review, and monitoring of the restrucuting, sale and/or liquidation process, including, but not limited to, an assessment of the unsecured claims pool and potential recoveries for unsecured creditors; c. determine whether there are viable alternative paths for the disposition of the Debtors' assets from any currently or in the future proposed by any Debtor; d. advise the Committee on the marketing process of the Debtors' assets to any company based in the United States; e. assist in valuing any bids or term sheets received for the Debtors' assets; f. monitor and, to the extent appropriate, assist the Debtors in efforts to develop and solicit transactions that would support unsecured creditor recovery; g. assist the Committee to analyze, classify and address claims against the Debtors and to participate effectively in any effort in these chapter 11 cases to estimate (in any formal or informal sense) contingent, unliquidated, and disputed claims; h. assist the Committee to identify, preserve, value, and monetize tax assets of the Debtors, if any; i. advise the Committee in negotiations with the Debtors, certain of the Debtors' lenders, and third parties; j. assist the Committee in reviewing the Debtors' current financial reports, including, but not limited to, schedules of assets and liabilities, cash budgets, and monthly operating reports; k. assist the Committee in reviewing historical financial information of the Debtors. l. assist the Committee in reviewing the Debtors' cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; m. review and provide analysis of the present and any subsequent proposed debtor in-possession financing or use of cash collateral; n. review and provide analysis of any proposed disclosure statement and chapter 11 plan and, if appropriate, assist the Committee in developing an alternative Chapter 11 plan; o. attend meetings and assist in discussions with the Committee, the Debtors, the secured lenders, the U.S. Trustee and other parties in interest and professionals; p. present at meetings of the Committee, as well as meetings with other key stakeholders and parties; q. provide final review and quality assurance of all materials created by any retained financial advisor of the Committee before distributing to other Committee professionals, Debtor professionals, or Committee members; r. perform such other advisory services for the Committee as may be necessary or proper in these proceedings that are not included here but not duplicative with any contemplated scope of work of Foresight; and s. provide testimony on behalf of the Committee as and when may be deemed appropriate. The firm will be paid at these rates: Partners $750-$850 per hour Analysts/Associates/ $250-$450 per hour Associate Directors The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Yi Zhu, a principal of Foresight Restructuring, disclosed 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: Yi Zhu Foresight Restructuring, LLC 151 Mount Grove Road Califon, NJ 07830 Telephone: (646) 881-4087 Email: info@foresightrestructuring.com About Lion Ribbon Texas Corp. Lion Ribbon Texas Corp. and affiliates design, manufacture, and distribute consumer crafting, gifting, and stationery products for celebrations, hobbies and creative play. They operate globally, with facilities across North America and supporting operations in India, Hong Kong, China, the United Kingdom, and Australia. They supply both branded and private-label products to consumers and major corporate clients. The Debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90164) on July 3, 2025. In their petitions, the Debtors reported $100 million to $500 million in assets and liabilities on a consolidated basis. Judge Christopher M. Lopez handles the cases. The Debtors are represented by Caroline A. Reckler, Esq., Ray C. Schrock, Esq., Adam S. Ravin, Esq., Randall Carl Weber-Levine, Esq., and Meghana Vunnamadala, Esq., at Latham & Watkins, LLP. The Debtors tapped Huron Consulting Services, LLC as investment banker and financial advisor; Deloitte Tax, LLP as tax services provider; Liskow & Lewis, APLC as conflicts counsel; C Street Advisory Group, LLC as communications advisor; and Kroll Restructuring Administration, LLC as claims, noticing and solicitation agent. On July 22, 2025, the Office of the U.S. Trustee appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and Orrick, Herrington & Sutcliffe LLP as counsel. M & N STRUCTURES: Gets OK to Use $1.99M in Cash Collateral ---------------------------------------------------------- M & N Structures, Inc. received final approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral to fund operations. The final order authorized the Debtor to use up to $1,995,861.74 of cash potentially subject to liens of BMO Bank N.A. and the U.S. Small Business Administration through November 16 in accordance with its budget. As adequate protection for the Debtor's use of their cash collateral, both secured creditors will be granted replacement liens on property acquired by the Debtor after its Chapter 11 filing, with the same priority and extent as their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 claims. In addition, the Debtor was ordered to make monthly payments of $15,125 and $2,250 to BMO and SBA, respectively, and keep their collateral insured as further protection. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/0I8YR from PacerMonitor.com. About M & N Structures Inc. M & N Structures, Inc. provides structural steel fabrication and design-build services across Minnesota and surrounding states. It specializes in in-house 3D modeling, BIM detailing, CNC-equipped fabrication, and steel erection. M & N serves commercial, industrial, and energy-sector projects from its facility in Winsted, Minnesota. M & N sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-42489) on July 30, 2025, listing $3,092,696 in total assets and $5,246,089 in total liabilities. Jonathan Henriksen, president of M & N, signed the petition. Cameron Lallier, Esq., at Bassford Remele, A Professional Association is the Debtor's legal counsel. BMO Bank, N.A., as lender, is represented by: James M. Jorissen, Esq. Taft Stettinius & Hollister, LLP 2200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Telephone: 612-977-8400 Facsimile: 612-977-8650 jjorissen@taftlaw.com M & N STRUCTURES: Todd Lutgen of Benson-Orth Appointed to Committee ------------------------------------------------------------------- The U.S. Trustee for Region 12 appointed Todd Lutgen, president of Benson-Orth Associates, Inc., as additional member of the official committee of unsecured creditors in the Chapter 11 case of M & N Structures, Inc. The committee is now composed of: 1. Mary Anne Davenport Director of Credit & Collections Canam Steel Corp. 4010 Clay Street Point F Rocks, MD 21777 (301) 964-6201 Maryanne.davenport@cscsteelusa.com 2. Marcile Staub Azz Galvanizing -- Winsted 800 6th Street South Winsted, MN 55395 (918) 524-1503 marcilestaub@azz.com 3. Todd Lutgen, President Benson-Orth Associates, Inc. 1000 Boone Avenue N Golden Valley, MN 55427 Direct: 763-230-7922 Main: 763-545-8826 toddl@benson-orth.com About M & N Structures Inc. M & N Structures, Inc. provides structural steel fabrication and design-build services across Minnesota and surrounding states. It specializes in in-house 3D modeling, BIM detailing, CNC-equipped fabrication, and steel erection. M & N serves commercial, industrial, and energy-sector projects from its facility in Winsted, Minnesota. M & N sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-42489) on July 30, 2025, listing $3,092,696 in total assets and $5,246,089 in total liabilities. Jonathan Henriksen, president of M & N, signed the petition. Cameron Lallier, Esq., at Bassford Remele, A Professional Association is the Debtor's legal counsel. The U.S. Trustee for Region 12 appointed an official committee to represent unsecured creditors in the Chapter 11 case of M & N Structures, Inc. BMO Bank, N.A., as lender, is represented by: James M. Jorissen, Esq. Taft Stettinius & Hollister, LLP 2200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Telephone: 612-977-8400 Facsimile: 612-977-8650 jjorissen@taftlaw.com MALIZUP LLC: Hires DeMarco·Mitchell PLLC as Legal Counsel ---------------------------------------------------------- Malizup LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to hire DeMarco·Mitchell, PLLC to serve as legal counsel in its Chapter 11 case. DeMarco·Mitchell will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. According to the filing, DeMarco·Mitchell PLLC will charge hourly rates of $450 for attorney Robert T. DeMarco, $300 for attorney Michael S. Mitchell, and $125 for paralegal Barbara Drake. A retainer of $11,738 was paid to the firm prior to the Petition Date, of which $4,420 remains in trust. DeMarco·Mitchell PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court documents. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco·Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Malizup LLC Malizup LLC, operating as Otani Steakhouse, a restaurant business in the food service industry. Malizup LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-42948) on August 7, 2025. In its petition, the Debtor reports estimated assets between $50,000 and $100,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Mark X. Mullin the case. The Debtor is represented by Robert Thomas DeMarco, Esq. at DeMarco Mitchell, PLLC. MARINE TRANSPORT: Hires Law Offices of Alla Kachan PC as Counsel ---------------------------------------------------------------- Marine Transport Logistic Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire the Law Offices of Alla Kachan PC as counsel. The firm will render these services: (a) assist the Debtor in administering this Chapter 11 case; (b) make such motions or take such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent the Debtor in prosecuting adversary proceedings to collect assets of the estate and such actions as it deem appropriate; (d) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; (e) negotiate with the Debtor's creditors in formulating a plan of reorganization in this case; (f) draft and prosecute the confirmation of the Debtor's plan of reorganization for this case; (g) render such additional services as the Debtor may require in this case. The firm will be paid at these hourly rates: Attorney $550 Paraprofessionals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $18,000. Alla Kachan, Esq., an attorney at the firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About Marine Transport Logistic Inc. Marine Transport Logistic Inc., doing business as a vehicle and freight shipping company, operates as a Non-Vessel Operating Common Carrier (NVOCC), providing international transportation services for cars, motorcycles, boats, heavy equipment, and general cargo. The Company runs facilities in Staten Island, New York, and Bayonne, New Jersey, and serves clients through major U.S. ports and global destinations. Marine Transport Logistic Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43215) on July 3, 2025. In its petition, the Debtor reports total assets of $11,228,169 and total liabilities of $476,401. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. The Debtors are represented by Alla Kachan, Esq. at LAW OFFICES OF ALLA KACHAN, P.C. MAYFIELD MEDICAL: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Mayfield Medical Services Inc 47 S Central Ave Wood River, IL 62095 Business Description: Mayfield Medical Services provides repair, maintenance, and preventative services for medical, laboratory, dental, and veterinary equipment across the Midwest and through nationwide depot support. The Company delivers on-site service, equipment audits, and manufacturer-recommended maintenance, including tagging and detailed record- keeping of client assets. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Southern District of Illinois Case No.: 25-30662 Judge: Hon. Mary E Lopinot Debtor's Counsel: J. D. Graham, Esq. J. D. GRAHAM, PC #1 Eagle Center; Suite 3A O Fallon, IL 62269 Tel: (618) 235-9800 Fax: (618) 235-9805 E-mail: jd@jdgrahamlaw.com Total Assets: $224,636 Total Liabilities: $2,142,616 Timothy P Mayfield signed the petition as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OPF25VY/Mayfield_Medical_Services_Inc__ilsbke-25-30662__0001.0.pdf?mcid=tGE4TAMA MISSION SELF-STORAGE: Hires Bruner Wright PA as Counsel ------------------------------------------------------- Mission Self-Storage Leesburg, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Bruner Wright, PA to handle its Chapter 11 case. The firm will be paid at these rates: Robert C. Bruner, Attorney $450 per hour Byron Wright III, Attorney $425 per hour Samantha Kelley, Attorney $425 per hour Paralegal $200 per hour The firm was paid by the Debtor a retainer of $26,738. Mr. Wright 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: Byron Wright III, Esq. Bruner Wright, PA 2868 Reminton Green Circle, Suite B Tallahassee, FL 32308 Tel: (850) 385-0342 Fax: (850) 270-2441 About Mission Self-Storage Leesburg, LLC Mission Self-Storage Leesburg, LLC operates self-storage facilities in Florida, offering a range of storage units including climate-controlled spaces and parking for vehicles such as RVs and boats. The Company provides 24/7 access through an electronic gate system and maintains security with video surveillance. Rentals are managed online or by phone, facilitating a contactless move-in experience. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40380) on August 15, 2025, with $1 million to $10 million in assets and liabilities. Stacy Rossetti, authorized member, signed the petition. Byron W. Wright III, Esq., at Bruner Wright, P.A. represents the Debtor as legal counsel. MVP GROUP: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------- Bondoro reports that MVP Group, LLC, a commercial food equipment supplier headquartered in Fort Lauderdale, Florida, filed for Chapter 11 protection on August 29, 2025 in the U.S. Bankruptcy Court for the Southern District of Florida. The debtor lists assets between $1 million and $10 million, with liabilities ranging from $10 million to $50 million. Court filings indicate there will be funds available for distribution to unsecured creditors. The case is proceeding under number 25-20199. About MVP Group LLC MVP Group LLC is a Fort Lauderdale-headquartered distributor of commercial food service equipment. The Company supplies products to restaurants, hotels, schools, government institutions, and other foodservice operators, with clients including global chains such as Subway, Burger King, Marriott and Best Western. MVP Group supports its operations through a network of warehouses, inventory centers and authorized service agents throughout North America. MVP Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20199) on August 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The Debtor is represented by Michael D. Seese, Esq. at SEESE, P.A. NATIONAL BUILDERS: Case Summary & Six Unsecured Creditors --------------------------------------------------------- Debtor: National Builders & Acceptance Corporation 6480 Monitor Street Pittsburgh, PA 15217 Business Description: National Builders & Acceptance Corporation is a family-owned property management company based in Pittsburgh, Pennsylvania, specializing in the management and rental of affordable residential properties across several neighborhoods, including East Liberty, Squirrel Hill, Lawrenceville, and Oakland. The Company operates in the real estate and property management sector, offering well-maintained rental units and tenant services. Chapter 11 Petition Date: August 28, 2025 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 25-22277 Debtor's Counsel: Ryan J. Cooney, Esq. COONEY LAW OFFICES 223 Fourth Ave Pittsburgh, PA 15222 Tel: (412) 992-7597 E-mail: Rcooney@cooneylawyers.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Neal Scoratow as president. A copy of the Debtor's list of six unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DWRMMNI/National_Builders__Acceptance__pawbke-25-22277__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DAP6Q6Y/National_Builders__Acceptance__pawbke-25-22277__0001.0.pdf?mcid=tGE4TAMA NEAL MEATS: Hires Keller Williams Realty as Real Estate Agent ------------------------------------------------------------- Neal Meats, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Missouri to employ Keller Williams Realty as real estate agent. The firm will list, market, and close certain real estate owned by Debtor. The firm will be paid at a fee of 6% of the sale price of the property. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Dusty Capon 1619 E. Independence Street Springfield, MO 65804 Tel: (417) 883-4900 About Neal Meats, LLC Neal Meats, LLC provides USDA-inspected meat processing services from its facility in Seymour, Missouri, where it handles beef, pork, and deer for both custom and USDA markets. Founded in 2020 by Will and Julia Neal, the Company operates a 9,500-square-foot plant equipped with advanced cooling systems, vacuum packaging machines, and smoking equipment for specialty products such as sausages and bacon. The business serves farmers, ranchers, and individual customers across the region, emphasizing product quality, food safety, and secure handling. Neal Meats, LLC in Seymour MO, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Mo. Case No. 25-60458) on July 21, 2025, listing as much as $1 million to $10 million in both assets and liabilities. William Neal as managing member, signed the petition. JB JAMES LAW FIRM serve as the Debtor's legal counsel. NORDICUS PARTNERS: Reports $1.21M Net Loss for Q1 FY2026 -------------------------------------------------------- Nordicus Partners Corporation filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss of $1.21 million for the three months ended June 30, 2025, compared to a net loss of $258,169 for the three months ended June 30, 2024. The Company has recognized nominal revenue and has incurred losses since inception resulting in an accumulated deficit of $47,991,734 and held cash of $8,418 as of June 30, 2025. As of June 30, 2025, the Company had $76.12 million in total assets, $11.86 million in total liabilities, and $64.26 million in total stockholders' equity. As a result, the Company's current funds will not be sufficient to meet its needs for more than 12 months from the date of issuance of these unaudited condensed consolidated financial statements. Accordingly, there is substantial doubt about the ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company's recent acquisitions, its generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next 12 months with existing cash on hand and through private placements of Common Stock. A full-text copy of the Company's Form 10-Q is available at: https://tinyurl.com/5n98y3jw About Nordicus Partners Headquartered in Beverly Hills, Calif., Nordicus Partners Corporation is a financial consulting company specializing in providing Nordic companies with the best possible conditions to establish themselves in the U.S. market. The Company leverages management's combined 90+ years of experience in the corporate sector, serving in various capacities both domestically and globally. Additionally, Nordicus operates as a business incubator, offering support resources and services such as office space, legal and accounting services, and marketing expertise to facilitate a smooth transition for companies entering the U.S. marketplace. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2023, issued a "going concern" qualification in its report dated July 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, citing that the Company has nominal revenue and has incurred losses since inception resulting in an accumulated deficit. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company's recent acquisitions, its generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next 12 months with existing cash on hand and the private placement of Common Stock. As of March 31, 2025, the Company has $70.2 million in total assets, against $10.4 million in total liabilities. NUMALE CORP: Trustee Taps J.S. Held LLC as Accountant ----------------------------------------------------- Michael Carmel, the Chapter 11 Trustee of Numale Corporation and its affiliates, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ J.S. Held, LLC as financial advisor and accountant. The firm will provide forensic accounting analyses, financial advisory, and accounting services to the estates. JS Held will charge these hourly rates: Senior Managing Directors $570 Managing Directors $520 Directors $400 Associate Directors $380 Sr. Consultants $260 Consultants $235 Project Assistants $235 Peter S. Davis, CPA, senior managing director at JS Held, assured the court that he and his firm are disinterested persons within the meaning of Sections 101(14) and 327 of the Bankruptcy Code, as modified by Section 1107(b). The firm can be reached through: Peter S. Davis, CPA J.S. Held, LLC 50 Jericho Quadrangle, Suite 117 Jericho, N.Y. 11753 Tel: (516) 621-2900 About Numale Corporation Numale Corporation and six affiliates filed Chapter 11 petitions (Bankr. D. Nev. Lead Case No. 25-10341) on January 22, 2025. At the time of the filing, Numale reported up to $50,000 in both assets and liabilities. Judge Natalie M. Cox oversees the cases. The Debtors are represented by David A. Riggi, Esq., at Riggi Law Firm. OPGEN INC: Swings to $11.99 Million Net Income in FY2024 -------------------------------------------------------- OpGen, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, reporting a net income of $11.99 million, compared to a net loss of $32.67 million for the fiscal year ended December 31, 2023. Revenue for the year ended December 31, 2024 was $5.20 million, compared with a revenue of $3.42 million for the year prior. As of April 30, 2025, the Company had total assets of $9.86 million, $2.48 million in total liabilities, and $7.38 million in total stockholders' equity. Previously, West Palm Beach, Florida-based Beckles & Co., Inc., the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 3, 2024, citing that the Company has incurred recurring losses from operations since inception and has stated that substantial doubt exists about the Company's ability to continue as a going concern. Since inception, the Company has incurred significant losses from operations and negative operating cash flows. Historically, the Company has funded its operations primarily through external investor financing arrangements and strategic actions taken by the Company, but going forward, the Company anticipates funding its operations primarily through financing arrangements with AEI Capital Ltd. Through the Company's financing efforts, which include, among others, securities purchase agreements, warrant inducement agreements, and public offerings, the Company has received gross proceeds of approximately $13.3 million and $5 million in 2023 and 2024, respectively. Although the Company has cash and cash equivalents of $1.3 million as of December 31, 2024, in August 2024, the Company and AEI Capital Ltd. entered into a Securities Purchase Agreement (the "August 2024 Securities Purchase Agreement"), pursuant to which the Company has the right, in its sole discretion, to sell to AEI Capital Ltd. shares of common stock having an aggregate value of up to $3 million. The purchase price for any shares sold under the August 2024 Securities Purchase Agreement is the closing sales price on the Nasdaq Capital Market of the Company's common stock as of the date immediately prior to the date of sale. In addition, in October 2024, the Company and AEI Capital Ltd. entered into a First Amendment to the August 2024 Securities Purchase Agreement. The Amendment amended the August 2024 Securities Purchase Agreement by: (1) granting the Company the right to sell two additional tranches of common stock to AEI Capital Ltd. of $3 million each, for an aggregate amount of $9 million under the Purchase Agreement; and (2) extending the Company's ability to sell shares of common stock to AEI Capital Ltd. under the Purchase Agreement until December 31, 2025. As of December 31, 2024, the Company sold 1,079,109 shares of common stock to AEI Capital Ltd. for gross proceeds of $2 million before deducting offering expenses. Accordingly, the Company has the right, in its discretion, to sell to AEI Capital Ltd., at any time prior to December 31, 2025, shares of common stock, par value $0.01 per share, of the Company having an aggregate value of up to an additional $7 million. As a result, the Company believes that its current cash and its access to additional cash under the August 2024 Securities Purchase Agreement will allow the Company to fund operations in excess of 12 months from the issuance date of these financial statements. A full-text copy of the Company's Form 10-K is available at: https://tinyurl.com/4crep4np About OpGen OpGen, Inc., based in Rockville, Md., -- https://www.opgen.com/ -- is a precision medicine company harnessing the power of molecular diagnostics to help combat infectious disease. The Company's innovative approaches to infectious disease diagnostics consists of highly multiplexed syndromic molecular panels to address the global threat of antimicrobial resistance (AMR), improve antibiotic stewardship, and decrease the spread of multidrug-resistant microorganisms (MDROs). * * * This concludes the Troubled Company Reporter's coverage of OpGen, Inc. until facts and circumstances, if any, emerge that demonstrate financial or operational strain or difficulty at a level sufficient to warrant renewed coverage. ORB ENERGY: Hires Hughes Watters Askanase LLP as Counsel -------------------------------------------------------- Orb Energy Co. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Hughes Watters Askanase, LLP as counsel. The firm's services include: a. rendering bankruptcy related legal advice to the Debtor regarding its business and property; b. assisting, on behalf of the Debtor, in the preparation of necessary applications, notices, motions, answers, orders, reports, schedules, statement of affairs, and other legal papers; c. assisting the Debtor in its efforts to sell and/or refinance, if appropriate, its property in compliance with applicable Bankruptcy Law; d. assisting the Debtor in the negotiation and formulation of a plan of reorganization and the preparation of a disclosure statement; e. assisting the Debtor in preserving and protecting the Debtor's estate; and f. performing all other legal services for the Debtor which may be necessary or appropriate in administering the bankruptcy case. The firm will be paid at the rate of $595 per hour. The firm received a $100,000 retainer on July 9, 2025. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Shurn disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Steven Shurn, Esq. Hughes Watters Askanase, LLP TotalEnergies Tower 1201 Louisiana, 28th Floor Houston, Texas 77002 Tel: (713) 590-4200 Fax: (713) 590-4230 Cell: (713) 410-2139 Email: sshurn@hwa.com About Orb Energy Co. ORB Energy Co. is engaged in the business of mining Bitcoin. The Company was formed to develop a bespoke data center using proprietary infrastructure compatible only with Bitmain Technologies' equipment, following a term sheet agreement that positioned it as a designated "Bitmain Host." ORB Energy operates from a rural property where it invested in electrical and operational infrastructure to support large-scale Bitcoin mining. ORB Energy Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80363) on August 5, 2025. In its petition, the Debtor reports total assets of $70,320,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Steven Shurn, Esq. at HUGHES WATTERS ASKANASE LLP. OSTENDO TECHNOLOGIES: Committee Taps Mincin Law as Counsel ---------------------------------------------------------- The Official Committee of Unsecured Creditors of Ostendo Technologies, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Mincin Law, PLLC as its counsel. The firm's services include: a. assisting, advising and representing the Committee in its consultations with the Debtor regarding the administration of the Chapter 11 case: b. assisting, advising and representing the Committee with respect to the Debtor's retention of professionals and advisors in the Chapter 11 case; c. assisting, advising and representing the Committee in analyzing the Debtor's assets and liabilities, investigating the extent and validity of liens, and participating in and reviewing any proposed asset sales, any asset dispositions, financing agreements, and cash collateral stipulation or proceedings; d. assisting, advising and representing the Committee in any matter relevant to reviewing and determining the Debtor's rights and obligations under leases and other executory contracts; e. assisting, advising and representing the Committee in investigating the acts, conduct, assets, liabilities, and financial condition of the Debtor, the Debtor's operations and the desirability of the continuance of any portion of those operations, and any other matters relevant to the case and to the formulation of a plan of reorganization or liquidation; f. assisting, advising and representing the Committee in its analysis of any disclosure statement; g. assisting, advising and representing the Committee in its participation in the negotiation, formulation, or objection to any plan of liquidation or reorganization; h. assisting, advising and representing the Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services; i. assisting, advising and representing the Committee in the evaluation of claims and on any litigation matters, including avoidance actions; and j. providing such other services to the Committee. David Mincin, Esq., the attorney who will be handling the case, will be paid an hourly fee of $600. As disclosed in court filings, Mr. Mincin neither holds nor represents any interest adverse to the Debtor's bankruptcy estate. The firm can be reached through: David Mincin, Esq. Mincin Law, PLLC 7465 W. Lake Mead Boulevard, #100 Las Vegas, NV 89128 Tel: (702) 852-1957 Email: dmincin@mincinlaw.com About Ostendo Technologies Inc. Ostendo Technologies Inc. develops advanced display and imaging technologies, including micro-LED and quantum photonic imagers. The Company operates in the semiconductor sector and maintains facilities in California. Ostendo Technologies Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11111) on June 24, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor tapped Ron Bender, Esq. at Levene, Neale, Bender, Yoo & Golubchik LLP as counsel and Sherwood Partners, Inc. as restructuring advisor. OSTENDO TECHNOLOGIES: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ Ostendo Technologies, Inc. got the green light from the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, to use cash collateral to fund operations. The court's order authorized the Debtor's interim use of cash collateral to pay post-petition expenses in accordance with its budget. The Debtor may deviate from the amount in the budget by up to 15% in the aggregate. As adequate protection, any creditor with a valid, perfected security interest in the cash collateral will be granted a replacement lien on all assets acquired by the Debtor after its Chapter 11 filing, with the same validity, priority and extent of their pre-bankruptcy liens. The replacement liens do not apply to any avoidance actions. A final hearing is set for October 22. Objections are due by October 8. The Debtor argued that these funds are necessary to cover essential post-petition expenses while it works toward the sale of its assets or other forms of restructuring. As of the bankruptcy filing, the Debtor holds around $72,917 in cash, which may be subject to claims by certain secured creditors. The Debtor said, however, that no creditor has a perfected lien on this cash since there are no deposit account control agreements in place or possession of the funds by creditors. Founded in 2005 by Dr. Hussein El-Ghoroury, Ostendo previously raised nearly $300 million in equity and government funding, developing hardware and software technologies like its "Quantum Photonic Imager." Despite early promise in sectors such as augmented reality and energy storage, the Debtor failed to commercialize its products and ceased operations amid mounting debt and lawsuits. Current management attributes the Debtor's collapse to severe mismanagement by its former leadership, including unauthorized debt obligations, mishandling of intellectual property, and improper personal use of corporate assets. In September 2024, Dr. El-Ghoroury was terminated, and Barak Bussel was appointed Interim CEO. At the time of the bankruptcy filing, the Debtor faced between $22 and $25 million in total debt, lacked active operations, and had no employees or functional facilities except for one warehouse. The intellectual property portfolio was in disrepair due to lapsed patents and IT mismanagement, and the Debtor was a defendant in multiple legal actions. Since filing for bankruptcy, the Debtor has been working to secure and assess its remaining assets, which consist primarily of intellectual property and equipment, and now seeks to conduct an orderly sale or reorganization to maximize value for creditors. The Debtor has several secured creditors, including the U.S. Small Business Administration, John D. Pierce, NextMed III Owner, LLC, RAF Pacifica Group, and Rowen. Some of these creditors, such as Rowen, have ties to current management. The Debtor also noted that certain UCC-1 financing statements remain active, though it believes the underlying debts have been satisfied. Additionally, the San Diego County Treasurer-Tax Collector has filed two claims totaling over $275,000, asserting secured tax liens against personal property. The Debtor estimates over $17 million in general unsecured debt and warned that it cannot pay for critical services like insurance and storage if denied access to its cash collateral. About Ostendo Technologies Inc. Ostendo Technologies Inc. develops advanced display and imaging technologies, including micro-LED and quantum photonic imagers. It operates in the semiconductor sector and maintains facilities in California. Ostendo Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11111) on June 24, 2025. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor tapped Ron Bender, Esq. at Levene, Neale, Bender, Yoo & Golubchik LLP as counsel and Sherwood Partners, Inc. as restructuring advisor. PALM BEACH: Trustee Taps Greene Espel as Minnesota Local Counsel ---------------------------------------------------------------- Barry E. Mukamal, in his capacity as Liquidating Trustee for the Palm Beach Finance Partners Liquidating Trust and the Palm Beach Finance Partners II Liquidating Trust, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Nicholas B. Scheiner and Greene Espel PLLP to serve as Minnesota local counsel in the Chapter 11 cases. The firm will provide these services: (a) act as Minnesota-based local counsel; and (b) perform other services requested by the Trustee on his behalf in connection with the PCI Bankruptcy Case. Mr. Scheiner will receive an hourly rate of $655, with rates for other attorneys ranging up to $930 per hour, and $400 per hour for paralegals. Greene Espel PLLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Nicholas B. Scheiner, Esq. GREENE ESPEL PLLP 222 South 9th Street, Suite 2200 Minneapolis, MN 55402 Telephone: (612) 373-8359 E-mail: nscheiner@greeneespel.com About Palm Beach Finance Partners Palm Beach Gardens, Florida-based hedge fund Palm Beach Finance Partners, L.P., solicited capital contributions from third-party limited partners, and proceeded to invest substantial amounts of the capital with the Petters Company, Inc. PBFP filed for Chapter 11 protection (Bankr. S.D. Fla. Case No. 09-36379) on Nov. 30, 2009. Its affiliate, Palm Beach Finance II, L.P., also filed for bankruptcy (Bankr. S.D. Fla. Case No. 09-36396). PBF II estimated $500 million to $1 billion in assets and liabilities in its petition. Paul A. Avron, Esq., and Paul Steven Singerman, Esq., at Berger Singerman LLP, assisted the Debtors in their restructuring efforts. On January 29, 2010, the Office of the U.S. Trustee appointed Barry Mukamal as Chapter 11 trustee in both of the Debtors' estates. On October 19, 2010, the court confirmed the joint Chapter 11 plan of liquidation proposed by Mr. Mukamal and Geoffrey Varga, official liquidator for Palm Beach Offshore, Ltd., and Palm Beach Offshore II, Ltd. Judge Paul G. Hyman, Jr. oversees the case. Mr. Mukamal is the liquidating trustee by virtue of the court's order confirming the liquidating plan. He is represented by Michael S. Budwick, Esq., at Meland Russin & Budwick, P.A. The trustee employed Koyzak Tropin & Throckmorton, LLP as special co-counsel and Jerome M. Hesch as expert consultant. PARTY CITY: Court OKs Deal to Extend Cash Collateral Access ----------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, approved a stipulation extending Party City Holdco Inc.'s and its affiliates' authority to use cash collateral. The stipulation was entered into by the Debtors, the official committee of unsecured creditors and Wilmington Savings Fund Society, FSB, as trustee and collateral trustee under that certain indenture for the 12.00% senior secured second lien PIK Toggle Notes due 2029. The stipulation allows the Debtors to use cash collateral in accordance with their revised budget until the next hearing, which was rescheduled to September 23, at 9:30 a.m. (prevailing Central Time). The bankruptcy court's most recent interim order entered on July 8 remains in full force and effect. About Party City Holdco Party City Holdco Inc. (NYSE: PRTY) is the global leader in the celebrations' industry, with its offerings spanning more than 70 countries around the world. It is also the largest designer, manufacturer, distributor, and retailer of party goods in North America. Party City Holdco had 761 company-owned stores as of September 2022. It is headquartered in Woodcliff Lake, N.J. with additional locations throughout the Americas and Asia. Party City Holdco and its domestic subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 23-90005). As of Sept. 30, 2022, Party City Holdco had total assets of $2,869,248,000 against total debt of $3,022,960,000. Judge David R. Jones oversees the cases. The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP, as legal counsel; Moelis & Company, LLC as investment banker; AlixPartners, LLP as financial advisor; A&G Realty Partners as real estate advisor; and Kroll as the claims agent. PricewaterhouseCoopers LLP (PwC) provides accounting and valuation advisory services, tax-related services, and internal audit Sarbanes-Oxley Act support services. Davis Polk & Wardwell, LLP and Lazard serve as legal counsel and investment banker, respectively, to the ad hoc group of first lien holders. The U.S. Trustee for Region 6 appointed an official committee to represent unsecured creditors in the Chapter 11 cases. The committee is represented by Pachulski Stang Ziehl & Jones, LLP. PEPPERMILL LIMITED: Hires Brady Dean King II as Special Counsel --------------------------------------------------------------- Peppermill Limited Partnership 1 seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to employ Brady Dean King, II, an attorney practicing in Monroe, Louisiana, as special counsel. The Debtor needs the professional's legal assistance in connection with hazard insurance issues in relation to the conduct of the servicer of the two Fannie Mae loans involved in the bankruptcy proceedings. Brady Dean King will not be paid from the bankruptcy estates, but from funds of Ralph Brockman's non-debtor entities. As disclosed in a court filing, Brady Dean King is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. He can be reached at: Brady Dean King, II, Esq. 2400 Forsythe Avenue, Suite 2 Monroe, LA 71201-2939 Tel: (318) 361-3140 About Peppermill Limited Partnership 1 Peppermill Limited Partnership 1 filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No. 25-30282) on March 11, 2025, listing $1,000,001 to $10 million in both assets and liabilities. Judge John W Kolwe presides over the case. Wade N. Kelly, Esq., at Packard Lapray, represents the Debtor as counsel. PREPAID WIRELESS: Hires L&H Business Consulting as Accountant ------------------------------------------------------------- Prepaid Wireless Group, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ L&H Business Consulting, LLC as accountant. The firm's services include preparing and filing of the Debtor's 2024 federal and state income tax returns, which includes PWW, and ancillary tasks required in connection therewith, as set forth in the firm's engagement letter with the Debtor, dated August 20, 2025. The firm will be paid at these rates: Partner $450 to $525 per hour Manager $215 to $375 per hour Senior $150 to $175 per hour Staff $85 to $135 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. C.J. Cover, a partner at L&H Business Consulting, 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: C.J. Cover L&H Business Consulting, LLC 1212 York Road, Suite C300 Lutherville Timonium, MD 21093 Tel: (410) 828-4177 About Prepaid Wireless Group Prepaid Wireless Group, LLC is a provider of wireless telecommunications services in Rockville, Md. Prepaid Wireless Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 24-18852) on October 21, 2024, with $10 million to $50 million in both assets and liabilities. Paul Greene, chief executive officer, signed the petition. Judge Maria Ellena Chavez-Ruark oversees the case. The Debtor is represented by: Irving Edward Walker, Esq. Cole Schotz P.C. Tel: (410) 230-0660 Email: iwalker@coleschotz.com PRINCE LAND: Hires Kelley Kaplan & Eller PLLC as Counsel -------------------------------------------------------- Prince Land, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Kelley Kaplan & Eller, PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these rates: Attorneys $550 per hour Paralegals $155 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm will be paid a retainer of $50,000. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, 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: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Tel: (561) 491-1200 Fax: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Prince Land, Inc. Prince Land, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-18992-EPK) on August 1, 2025. In the petition signed by Bruce Prince, president, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Erik P. Kimball oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan & Eller, PLLC, represents the Debtor as legal counsel. PROJECT PIZZA: Hires Zaarour & Associates as Tax Consultant ----------------------------------------------------------- Project Pizza Sunset LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ J.B. Zaarour & Associates, Inc. as business and tax consultant. The firm will prepare the Debtor's 2024 federal and state income tax returns, including Schedule K-1 forms. The firm will be paid a flat fee of $3,975. Ms. Sahouria 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: Sami Sahouria J.B. Zaarour & Associates, Inc. 1855 Lawton St. San Francisco, CA 94122 Tel: (415) 221-1601 About Project Pizza Sunset LLC Project Pizza Polk, LLC, doing business as Fiorella Polk and operated by Project Pizza Polk LLC, is a neighborhood Italian restaurant offering wood-fired pizza, restaurant offering wood-fired pizza, handmade pasta, and seasonal dishes. It operates in Noe Valley and is part of a family of four Fiorella restaurants serving San Francisco, including the original location in the Richmond District. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30521) on July 2, 2025, with $206,216 in assets and $1,053,818 in liabilities. Boris Nemchenok, CEO of Manager, signed the petition. Judge Dennis Montali presides over the case. Matthew D. Metzger, Esq. at BELVEDERE LEGAL, PC represents the Debtor as legal counsel. RMKD LIQUORS: Seeks to Hire Herman Yiu CPA as Accountant -------------------------------------------------------- RMKD Liquors Inc., doing business as Columbia Wine Co., seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Herman Yiu, CPA, PLLC as accountant. The firm will render these services: a. prepare a liquidation analysis and financial projections in support of the plan of reorganization; b. review the monthly operating reports, including financial statements and accompanying DIP reports; c. review the existing accounting systems and procedures and establish new systems and procedures, if necessary; d. review bank reconciliations, cash receipts, cash disbursements, and general ledger; e. review necessary payroll depositories for the Debtor along with the quarterly federal, state, and local payroll tax returns and the year-end W-2s, W-3s and NYS45, and federal 940 form; f. prepare all federal, state, and local income tax returns for the Debtor, if required; g. assist the Debtor and counsel in the development of a plan of reorganization, if required; h. appear on behalf of the Debtor at any hearings, if required, and i. render such other financial assistance or services The firm will bill $500 per hour for its services. As disclosed in the court filings, Herman Yiu, CPA, PLLC is a "disinterested person" within the meaning of Secs. 101(14) and 327 of the Bankruptcy Code. The firm can be reached through: Herman Yiu, CPA Herman Yiu, CPA, PLLC 5 W 37th St Fl 5 New York, NY 10018 Phone: (212) 802-1428 About RMKD Liquors RMKD Liquors Inc. operates a retail liquor store in New York, offering a variety of alcoholic beverages including wine, vodka, whiskey, rum, tequila, and liqueurs. It also sells alcohol-related accessories such as bottle openers, wine bags, and wine keys, and occasionally stocks specialty items like cocktail mixers containing alcohol. RMKD Liquors sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10940) on May 7, 2025. In its petition, the Debtor reported total assets of $127,400 and total liabilities of $1,440,174. Judge David S. Jones handles the case. The Debtor is represented by Jeb Singer, Esq., at J. Singer Law Group, PLLC. ROYAL SPADE: Claims to be Paid from Continued Operations -------------------------------------------------------- Royal Spade Inc. filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement for Plan of Reorganization dated August 22, 2025. The Debtor is a Texas limited liability company which owns and operate an over the road trucking business. Sharoon Yousaf manages and operates the Debtor. The primary cause of this bankruptcy filing was a general decline in revenue in the trucking industry as a whole. This coupled with increased insurance costs made it difficult for the Debtor to operate at a profit. The Plan provides for a reorganization and restructuring of the Debtor's financial obligations. The Plan provides for a distribution to Creditors in accordance with the terms of the Plan from the Debtor over the course of five years from the Debtor's continued business operations. Class 3 consists of Non-priority unsecured Claims. Each holder of an Allowed Unsecured Claim in Class 3 shall be paid by Reorganized Debtor from an unsecured creditor pool, which pool shall be funded at the rate of $136.66 per month. Payments from the unsecured creditor pool shall be paid quarterly, for a period not to exceed five years (20 quarterly payments) and the first quarterly payment will be due on the twentieth day of the first full calendar month following the last day of the first quarter. The Debtor estimates the aggregate of all Allowed Class 3 Claims is less than $8,200 based upon the Debtor's review of the Court's claim register, the Debtor's bankruptcy schedules, and anticipated claim objections. Class 4 consists of the holders of Allowed Interests in the Debtor. The holder of an Allowed Class 4 Interest shall retain their interests in the Reorganized Debtor. A full-text copy of the Disclosure Statement dated August 22, 2025 is available at https://urlcurt.com/u?l=2Frued from PacerMonitor.com at no charge. Counsel to the Debtor: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. Demarco Mitchell PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Tel: (972) 578-1400 Fax: (972) 346-6791 Email robert@demarcomitchell.com mike@demarcomitchell.com About Royal Spade Inc. Royal Spade Inc. is a Texas limited liability company which owns and operate an over the road trucking business. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-30495) on February 10, 2025, listing $100,001 to $500,000 in both assets and liabilities. Judge Stacey G Jernigan handles over the case. Robert T DeMarco, Esq. at DEMARCO MITCHELL, PLLC represents the Debtor as counsel. RYVYL INC: Executive VP Ben Errez Set to Retire Effective Aug. 31 ----------------------------------------------------------------- RYVYL Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that effective August 31, 2025, Ben Errez will retire as Executive Vice President of the Company. In connection with his reported retirement, the Company and Mr. Errez entered into a Severance Benefits Offer and General Waiver and Release of Claims agreement. Pursuant to the Severance Agreement, Mr. Errez will receive a cash payment of $350,000, less applicable withholding amounts, within five business days after the Termination Date, and all issued but unvested equity grants held by Mr. Errez will vest as of the Termination Date. The Severance Agreement contains customary representations, warranties, and covenants. Additionally, the Company and Mr. Errez have agreed to release each other from all claims that relate in any way to Mr. Errez's employment or separation from employment with the Company, except for those types of claims specifically excluded under the terms of the Severance Agreement. Further, each of the Company and Mr. Errez has covenanted that neither will file nor cause to be filed, join, or encourage a lawsuit, between the Company and Mr. Errez. "We thank Ben for his exceptional leadership and commitment to RYVYL," said Fredi Nisan, CEO, Co-founder and Director of RYVYL in a press release. "Serving in multiple executive capacities, including Chairman. Ben was instrumental in shaping RYVYL's strategic vision, scaling our operations, and driving innovation across our platform. RYVYL will continue to enjoy Ben's talents as he independently advises the company through the end of the year. We thank him for his dedication, vision, and years of impactful service." In addition, on August 15, 2025, the Company and Mr. Errez entered into an Advisory Services Agreement, effective as of September 1, 2025, and continuing through February 28, 2026. Pursuant to the terms and conditions of the Consulting Agreement, Mr. Errez will provide services relating to advising the Company on strategic investor partnerships, investment relationships, exploration of M&A opportunities, corporate development, and such other revenue-generating advice and consulting as the Company may reasonably request from time to time. In consideration for his consulting services and in recognition of the services, the Company has agreed to pay Mr. Errez a cash consulting fee equal to $10,000 per month, payable within five business days after the commencement of each calendar month during the term of the Consulting Agreement. With prior written consent from the Company, the Company shall reimburse Mr. Errez for preapproved out-of-pocket travel expenses incurred by Mr. Errez on behalf of the Company. Mr. Errez's departure is for personal reasons and is not the result of any disagreement with management or the Company's Board of Directors on any matter relating to the Company's operations, policies or practices. About Ryvyl Inc. San Diego, Calif.-based RYVYL Inc., together with its subsidiaries, is a financial technology company that develops, markets, and sells innovative blockchain-based payment solutions, which offer significant improvements for the payment solutions marketplace. The Company's core focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. In its report dated March 28, 2025, the Company's auditor, Simon & Edward, LLP, issued a 'going concern' qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, noting that the transitioning of the Company's QuickCard product in North America led to a significant decline in processing volume and revenue, the recovery of these lost revenues is not expected until late 2025. The loss of revenue resulting from this business reorganization has jeopardized its ability to continue as a going concern. As of Dec. 31, 2024, RYVYL had $122.28 million in total assets against $123.77 million in total liabilities. As of June 30, 2025, RYVYL had $20.60 million in total assets against $27.54 million in total liabilities. S & M DELI: Seeks to Hires DeMarco·Mitchell PLLC as Legal Counsel ------------------------------------------------------------------ S & M Deli Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to hire DeMarco·Mitchell, PLLC to serve as legal counsel in its Chapter 11 case. DeMarco·Mitchell will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. DeMarco·Mitchell, PLLC attorneys will receive hourly rates of: $450 for Robert T. DeMarco $300 for Michael S. Mitchell $125 for paralegal services A retainer of $11,738.00 has been paid, of which $6,760.00 remains in trust. DeMarco·Mitchell, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco·Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About S&M Deli S & M Deli, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-42967) on August 8, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Edward L. Morris presides over the case. Robert Thomas DeMarco, Esq. represents the Debtor as legal counsel. S&B GROUP: Case Summary & One Unsecured Creditor ------------------------------------------------ Debtor: S&B Group, Inc. 6000 Renaissance Parkway Fairburn, GA 30213 Chapter 11 Petition Date: August 31, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-60011 Debtor's Counsel: Brad Fallon, Esq. FALLON LAW PC 1201 W. Peachtree St. NW, Suite 2625 Atlanta, GA 30309 Tel: (404) 849-2199 E-mail: brad@fallonbusinesslaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Brian Boulware as CEO. The Debtor identified True Natural Gas, located at 807 Collinsworth Rd, Palmetto, Georgia 30268, as its sole unsecured creditor, with a $3,900 claim for natural gas. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5NXODNA/SB_Group_Inc__ganbke-25-60011__0001.0.pdf?mcid=tGE4TAMA SANTA ANA: Hires Law Offices of Michael Jay Berger as Counsel ------------------------------------------------------------- Santa Ana Express Car Wash, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ the Law Offices of Michael Jay Berger as counsel. The firm will provide these services: (a) communicate with creditors of the Debtor; (b) review the Debtor's Chapter 11 bankruptcy petition and all supporting schedules to determine if amendments are needed; (c) advise the Debtor of its legal rights and obligations in a bankruptcy proceeding; (d) work to bring the Debtor into full compliance with reporting requirements of the Office of the United States Trustee; (e) prepare status reports as required by the Court; (f) respond to any motions filed in Debtor's bankruptcy proceeding; (g) respond to creditor inquiries; (h) review proofs of claim filed in Debtor's bankruptcy; (i) object to inappropriate claims; (j) prepare Notices of Automatic Stay in all state court proceedings in which the Debtor is sued during the pending of Debtor's bankruptcy proceeding; and (k) if appropriate, prepare a Chapter 11 Plan of Reorganization for the Debtor. The firm will be paid at these rates: Michael Jay Berger $695 per hour Sofya Davtyan $645 per hour Angela Gill $595 per hour Robert Poteete $475 per hour Senior paralegals and law clerks $275 per hour Bankruptcy paralegals $200 per hour The firm received a retainer in the amount of $25,000, plus $1,738 filing fee. Mr. Berger disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael Jay Berger, Esq. Sofya Davtyan, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Boulevard, 6th Floor Beverly Hills, CA 90212 Tel: (310) 271-6223 Fax: (310) 271-9805 E-mail: Michael.Berger@bankruptcypower.com Sofya.Davtyan@bankruptcypower.com About Santa Ana Express Car Wash, LLC Santa Ana Express Car Wash LLC, doing business as Speedy Clean Car Wash, operates a car wash facility at 2035 N. Tustin Avenue in Santa Ana, California. The Company provides quick, environmentally friendly car wash services featuring a wash completed in approximately six minutes along with free vacuum stations and monthly membership options. Santa Ana Express Car Wash LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-15662) on August 12, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by Michael Jay Berger, Esq. at LAW OFFICES OF MICHAEL JAY BERGER. SANUWAVE HEALTH: All Proposals Approved at 2025 Annual Meeting -------------------------------------------------------------- SANUWAVE Health, Inc., on August 19, 2025, held its 2025 Annual Meeting of Stockholders. The following matters were voted upon by the stockholders with the final voting results as shown: Proposal 1. To elect five directors, Morgan Frank, Gregory Bazar, Jeffrey Blizard, Ian Miller and James Tyler, to serve until the 2026 annual meeting of stockholders. 1. Morgan Frank * Votes For: 5,160,671 * Withheld: 9,229 * Broker Non-Votes: 850,909 2. Gregory Bazar * Votes For: 5,168,313 * Withheld: 1,587 * Broker Non-Votes: 850,909 3. Jeffrey Blizard * Votes For: 5,050,443 * Withheld: 119,457 * Broker Non-Votes: 850,909 4. Ian Miller * Votes For: 4,703,248 * Withheld: 466,652 * Broker Non-Votes: 850,909 5. James Tyler * Votes For: 4,936,933 * Withheld: 232,967 * Broker Non-Votes: 850,909 Proposal 2. To ratify the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. * Votes For: 6,017,993 * Votes Against: 1,473 * Abstain: 1,343 * Broker Non-Votes: - Proposal 3. To approve an amendment to the SANUWAVE Health, Inc. 2024 Equity Incentive Plan to increase the total number of shares of common stock authorized for issuance under the Plan by 500,000 shares. The Amendment was previously approved and adopted by the Company's Board of Directors on June 6, 2025, subject to approval by the Company's stockholders. The Amendment is described in greater detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on July 10, 2025. The description of the Amendment contained in the Proxy Statement and the foregoing description of the Amendment are qualified in their entirety by reference to the full text of the Plan, as amended, available at https://tinyurl.com/87jrxn3p * Votes For: 4,948,127 * Votes Against: 202,867 * Abstain: 18,906 * Broker Non-Votes: 850,909 Proposal 4. To approve, in an advisory, non-binding vote, the compensation paid to the Company's named executive officers. * Votes For: 5,136,449 * Votes Against: 30,601 * Abstain: 2,850 * Broker Non-Votes: 850,909 Proposal 5. To approve, in an advisory, non-binding vote, the frequency of future votes on the compensation paid to the Company's named executive officers. * 1 Year: 5,157,469 * 2 Years: 1,987 * 3 Years: 5,121 * Abstain: 5,323 * Broker Non-Votes: 850,909 About SANUWAVE Headquartered in Suwanee, Georgia, SANUWAVE Health, Inc. (OTCQB:SNWV) -- http://www.SANUWAVE.com-- is an ultrasound and shock wave technology Company using patented systems of noninvasive, high-energy, acoustic shock waves or low intensity and non-contact ultrasound for regenerative medicine and other applications. The Company's focus is regenerative medicine utilizing noninvasive, acoustic shock waves or ultrasound to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. The Company's two primary systems are UltraMIST and PACE. UltraMIST and PACE are the only two Food and Drug Administration (FDA) approved directed energy systems for wound healing. New York, NY-based Marcum LLP, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 20, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has incurred recurring losses, has negative working capital, and needs to refinance its debt to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $33.05 million in total assets, $47.82 million in total liabilities, and $14.78 million in total stockholders' deficit. SANUWAVE HEALTH: Receives $5M from Licensee Patent Option Exercise ------------------------------------------------------------------ As previously disclosed, on March 6, 2024, Sanuwave, Inc. entered into an exclusive license and option agreement with a third-party licensee in connection with a portfolio of Sanuwave, Inc. patents related to the field of intravascular shockwave applications. In exchange for a one-time payment of $2.5 million, Sanuwave, Inc. granted the Licensee an exclusive license to the Patents and an option to acquire the Patents, which option the Licensee exercised on August 21, 2025. In connection with such exercise, the Licensee made a $5 million cash payment to Sanuwave on August 22, 2025. About SANUWAVE Headquartered in Suwanee, Georgia, SANUWAVE Health, Inc. (OTCQB:SNWV) -- http://www.SANUWAVE.com-- is an ultrasound and shock wave technology Company using patented systems of noninvasive, high-energy, acoustic shock waves or low intensity and non-contact ultrasound for regenerative medicine and other applications. The Company's focus is regenerative medicine utilizing noninvasive, acoustic shock waves or ultrasound to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. The Company's two primary systems are UltraMIST and PACE. UltraMIST and PACE are the only two Food and Drug Administration (FDA) approved directed energy systems for wound healing. New York, NY-based Marcum LLP, the Company's auditor since 2018, issued a "going concern" qualification in its report dated March 20, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has incurred recurring losses, has negative working capital, and needs to refinance its debt to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. For the fiscal year ended December 31, 2024, SANUWAVE had $30.12 million in total assets, $42.84 million in total liabilities, and $12.72 million in total stockholders' deficit. As of June 30, 2025, the Company had $33.05 million in total assets, $47.82 million in total liabilities, and $14.78 million in total stockholders' deficit. SCHWAZZE: Moves Closer to Debt Restructuring with Creditors ----------------------------------------------------------- Reshmi Basu of Bloomberg News reports that Schwazze is moving toward a creditor deal that will cut its debt and provide fresh capital, even as the marijuana industry awaits regulatory changes that could improve profitability. Under the plan, the company will relinquish some of its more than 60 dispensaries in exchange for a $65 million cash infusion, sources said, according to the report. Senior lenders are expected to assume ownership of the properties through an Article 9 process, a quicker and less costly alternative to Chapter 11. About Schwazze Schwazze -- https://schwazze.com/ -- a leading cannabis MSO, expertly manages seed-to-sale in high-growth markets—innovating the industry with vertical integration. SENOIA DRUG: Seeks to Hire RESJ P.C. as Accountant -------------------------------------------------- Senoia Drug Co Inc seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ RESJ, P.C. as accountant. The firm will assist with the Debtor's accounting needs, including preparation of state and federal tax returns, during this case. The firm will be paid at a fixed fee of $2,800 plus additional services billed at the rate of $295 per hour for work beyond the scope of the fixed-fee engagement. Chris Eckert, CPA, a partner at RESJ, 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: Chris Eckert, CPA RESJ, P.C. 2055 Sugarloaf Circle, Suite 75 Duluth, GA 30097 Tel: (770) 271-7422 Fax: (770) 271-7847 About Senoia Drug Co Inc. Senoia Drug Co Inc. operates a full-service retail pharmacy in Senoia, Georgia. The Company provides prescription medications, compounding services, immunizations, medication therapy management, durable medical equipment. It also offers local delivery and digital refill services through a mobile app. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-11060) on July 21, 2025. In the petition signed by J. Bryan Hazelton, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Bethany Strain, Esq., at Jones and Walden, LLC, represents the Debtor as legal counsel. SERENITY LIGHT: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: Serenity Light Recovery Holdings, LLC 1820 E. County Road 36 Angleton, TX 77515 Business Description: Serenity Light Recovery Holdings, LLC operates Serenity Light Recovery, a substance abuse and addiction treatment center located in Angleton, Texas. The facility provides medically supervised detoxification, residential treatment programs, and intensive outpatient services, integrating holistic therapies such as equine therapy, yoga, and nutritional counseling. It serves patients in the broader Houston area and operates within the healthcare and social assistance sector. Chapter 11 Petition Date: September 1, 2025 Court: United States Bankruptcy Court Southern District of Texas Case No.: 25-35160 Debtor's Counsel: Reese Baker, Esq. BAKER & ASSOCIATES 950 Echo Ln Ste 300 Houston TX 77024-2824 E-mail: courtdocs@bakerassociates.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Heather Ogburn Stokes as founder and CEO. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FO2QRMI/Serenity_Light_Recovery_Holdings__txsbke-25-35160__0001.0.pdf?mcid=tGE4TAMA SHARPLINK GAMING: Amends ATM Deal to Include Four More Sales Agents ------------------------------------------------------------------- As previously reported, on May 30, 2025, SharpLink Gaming, Inc. entered into a Sales Agreement with A.G.P./Alliance Global Partners as sales agent for the Company's "at the market offering" program, as amended on July 17, 2025. On August 19, 2025, the Company entered into an Amended and Restated Sales Agreement by and among the Company, A.G.P., Canaccord Genuity LLC, SG Americas Securities, LLC, B. Riley Securities, Inc., and Citizens JMP Securities, LLC to add Canaccord Genuity, SOCIETE GENERALE, B. Riley, and Citizens as additional sales agents and to make certain conforming changes. The representations, warranties and covenants contained in the Amended and Restated Sales Agreement were made solely for the benefit of the parties to the Amended and Restated Sales Agreement and may be subject to limitations agreed upon by the contracting parties. Accordingly, the Amended and Restated Sales Agreement is incorporated herein by reference only to provide investors with information regarding the terms of the Amended and Restated Sales Agreement and not to provide investors with any other factual information regarding the Company or its business, and should be read in conjunction with the disclosures in the Company's periodic reports and other filings with the U.S. Securities and Exchange Commission. The foregoing description of the Amended and Restated Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restated Sales Agreement, which is available at https://tinyurl.com/mbsrf43y The Sales Agents' may be reached at: A.G.P./Alliance Global Partners: 590 Madison Avenue New York, NY 10022 Canaccord Genuity LLC: 1 Post Office Square, Suite 3000 Boston, MA 02109 SG Americas Securities, LLC: 245 Park Avenue New York, New York 10167 B. Riley Securities, Inc.: 1300 North 17th Street, Suite 1300 Arlington, VA 22209 Citizens JMP Securities, LLC: 450 Park Avenue, 5th Floor New York, NY 10022 About SharpLink Gaming SharpLink Gaming, Inc., operates as a marketing partner to sportsbooks and online casino gaming operators globally. SharpLink Gaming operates as a marketing partner to sportsbooks and online casino gaming operators globally. Based in Minneapolis, Minnesota, the Company operates PAS.net, an affiliate marketing network that facilitates player acquisition and engagement for regulated iGaming operators. It also manages a portfolio of state-specific affiliate websites targeting local sports betting and online casino audiences. It also manages a portfolio of state-specific affiliate websites targeting local sports betting and online casino audiences. Cherry Bekaert LLP, the Company's auditor since 2022, included a "going concern" qualification in its audit report dated March 14, 2025, for the fiscal year ended December 31, 2024. The firm cited recurring losses and negative operating cash flows as factors that raise substantial doubt about the Company's ability to continue operating. As of Dec. 31, 2024, the Company had $2.57 million in total assets against $488,300 in total liabilities. As of June 30, 2025, the Company had $453.92 million in total assets, including $382.4 million in digital tangible assets, against $1.393 million in total liabilities. SIGNATURE YHM: Unsecureds Will Get 10% via Quarterly Payments ------------------------------------------------------------- Signature YHM Land, LLC, filed with the U.S. Bankruptcy Court for the Northern District of California a Second Amended Combined Plan of Reorganization and Disclosure Statement dated August 22, 2025. The Debtor is a California limited liability company formed in 2017 for the purpose of investing in and developing vacant land in Monterey, California. The Debtor currently owns two separate lots of vacant land, identified by two distinct and separate Assessor's Parcel Numbers: 259-261-021-000 ("Lot 21") and 259-261-022-000 ("Lot 22") (each a "Property" and collectively, the "Properties"). The Properties consist of 5.27 acres and 18.72 acres, respectively. The Debtor acquired the Properties with the intent of developing single-family residential units. Debtor was hoping to sell the lots for a profit in 2018, but encountered obstacles that prevented it from doing so. The Properties are part of a larger development project (the "Development Project"), with an anticipated completion date of approximately December 2026. Unfortunately, due to circumstances beyond the Debtor's control, the Development Project delayed. Once the Development Project is completed, there will be road and utility access to the Properties, making it possible to market and sell the lots. Debtor attempted to work with its lender, Monterey County Bank, to obtain an extension on the terms of the loan. These attempts were unsuccessful. Consequently, a foreclosure sale date was scheduled for March 14, 2025. The filing of a bankruptcy petition was necessary in order to avoid the foreclosure and preserve the Properties. Class 2A consists of General Unsecured Claims. Creditors will receive 10 percent of their allowed claim in 20 equal quarterly installments, due on the 15th day of the month, every three months, starting October 2025. This class is impaired and is entitled to vote on confirmation of the Plan. Class 2A creditors include Allen Williams ($750,000.00); Signature York Highlands, LLC ($1,363,000.00); York Highlands Monterey Owners Association ($6,237.00 (lot 21)); and York Highlands Monterey Owners Association ($6,237.00 (lot 22)). Class 2B consists of Unsecured Claims Relating to York Highlands 1, LLC and York Highlands II, LLC and its Affiliates. Class 2B Creditors are subject to litigation, which is expected to be commenced prior to plan confirmation. The pendency of the litigation will not affect the Debtor's obligation to tender payments herein (either to the creditor or to reserve such payments pending the outcome, if appropriate). In the event that York Highland 1, LLC and York Highlands II, LLC select Section 1111(b)(2) election, they will have no unsecured claim in this class or against the bankruptcy estate. Creditors will receive 10 percent of their allowed claim in 16 equal quarterly installments, due on the 15th day of the month, every three months, starting October 2025. The Debtor submits that the proposed Plan is feasible because funding will be provided entirely by Walden Lot 8 LLC. Feasibility is established because of Walden's access to assets that can independently pay Debtor's obligations under the Plan. Walden has the ability to loan funds to the Debtor so it can make the required monthly payments for the next 5-7 years, or via a balloon payment that would be payable upon a sale or refinance of the Properties. A full-text copy of the Second Amended Combined Plan and Disclosure Statement dated August 22, 2025 is available at https://urlcurt.com/u?l=kjCBNc from PacerMonitor.com at no charge. Signature YHM Land LLC is represented by: Jeffrey I. Golden, Esq. GOLDEN GOODRICH, LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 Tel: (714) 966-1000 Fax: (714) 966-1002 Email: jgolden@go2.law About Signature YHM Land LLC Signature YHM Land LLC operates in the real estate sector. Signature YHM Land LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-50324) on March 11, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Jeffrey I. Golden, Esq. at GOLDEN GOODRICH LLP. SOLEMN INVESTMENTS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Solemn Investments Inc. got the green light from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral. The court's order authorized the Debtor's interim use of cash collateral to pay its expenses, including administrative expenses in accordance with its budget. The Debtor must not exceed any budget category by more than 10% without court approval. The interim order will remain in effect until entry of a final order or until confirmation of a plan of reorganization, whichever occurs first. As adequate protection for any diminution in value of their respective collateral, secured creditors will be granted replacement liens on all assets acquired by the Debtor after its Chapter 11 filing similar to its pre-bankruptcy collateral. These replacement liens will have the same priority, validity, and enforceability as existed pre-petition. In case the replacement liens prove inadequate, secured creditors will be granted administrative expense priority claims. The interim order further authorized the Debtor to continue its existing factoring arrangement with American Prudential Capital, Inc. and to continue making regular monthly lease payments of $9,587.82 to Trans Lease, Inc. A final hearing is set for September 29. The Debtor has an urgent need for access to cash collateral to continue its vehicle transportation services and avoid business collapse. The Debtor currently operates with only one functioning truck out of its two-vehicle fleet, generating limited weekly revenue of $13,000 to $15,000. The second truck remains out of service due to engine damage, and financing company Trans Lease has threatened to repossess both vehicles, which would halt operations entirely and destroy the Debtor's long-standing relationships with major clients like General Motors, Ford, and Stellantis. The Debtor's financial distress is exacerbated by overlapping secured interests in its cash and receivables, including those held by the U.S. Small Business Administration, Trans Lease, and American Prudential Capital. Because of these liens, the Debtor cannot access its approximately $52,000 in accounts receivable without court authorization. Its cash balance has fallen to roughly $600, rendering it unable to meet critical expenses like fuel, payroll, insurance, lease payments, and ongoing maintenance. About Solemn Investments Inc. Solemn Investments Inc., doing business as ABJ Transport, is a Houston-based specialized freight trucking company, provides transportation and logistics services in the specialized freight sector. Solemn Investments Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34630) on August 8, 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 Eduardo V. Rodriguez handles the case. The Debtor is represented by Jeremy Thomas Wood, Esq. at Law Office Of Jeremy T. Wood, PLLC. SOLUNA HOLDINGS: All Proposals Approved at 2025 Annual Meeting -------------------------------------------------------------- Soluna Holdings, Inc., on August 18, 2025, held its Annual Meeting of Stockholders. The stockholders of the Company acted upon the following proposals at the Annual Meeting: (1) the election of two directors, (2) the approval of the Reverse Stock Split Proposal, (3) the approval of the Adjournment Proposal, and (4) the approval of the Auditor Ratification Proposal The final voting results were as follows: Proposal 1: Election of Directors Proposal The Company's stockholders elected David C. Michaels as a Class II Director to serve for a three-year term until the Company's 2028 Annual Meeting of Stockholders. Mr. Michaels received the following votes: * For: 6,402,256 * Withheld: 173,736 * Broker Non-Votes: 4,644,862 The Company's stockholders elected Matthew Lipman as a Class II Director to serve for a three-year term until the Company's 2028 Annual Meeting of Stockholders. Mr. Lipman received the following votes: * For: 6,364,245 * Withheld: 211,747 * Broker Non-Votes: 4,644,862 Proposal 2: Reverse Stock Split Proposal The proposal to approve one or more reverse stock splits of the then-outstanding shares of the Company's common stock, par value $0.001 per share, with no change to the number of authorized shares of Common Stock, having an aggregate ratio of not less than one-for-five (1:5) and not greater than one-for-fifty (1:50), with the exact number, timing, and ratio within such aggregate range each to be determined by the Board of Directors of the Company in its discretion and included in a public announcement, to be effectuated at any time within one year after stockholder approval was obtained (the "Reverse Stock Split Proposal") was approved based upon the following votes: * For: 9,702,027 * Against: 1,479,079 * Abstain: 39,748 * Broker Non-Votes: N/A Proposal 3: Adjournment Proposal The proposal to approve the adjournment of the Annual Meeting in the event that the number of shares of Common Stock and Series B Convertible Preferred Stock, par value $0.001 per share, present or represented by proxy at the Annual Meeting and voting "FOR" the Reverse Stock Split Proposal was insufficient to approve such proposal (the "Adjournment Proposal") was approved based upon the following votes: * For: 10,295,007 * Against: 904,877 * Abstain: 20,970 * Broker Non-Votes: N/A Proposal 4: Auditor Ratification Proposal The proposal to ratify the appointment of UHY LLP as the Company's independent registered public account firm for the year ending December 31, 2025 (the "Auditor Ratification Proposal") was approved based upon the following votes: * For: 10,626,386 * Against: 310,638 * Abstain: 283,830 * Broker Non-Votes: N/A About Soluna Holdings Headquartered in Albany, N.Y., Soluna Holdings, Inc. designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. The Company's modular data centers can be co-located with wind, solar, or hydroelectric power plants and support compute-intensive applications, including Bitcoin mining, generative AI, and scientific computing. This approach aids in energizing a greener grid while providing cost-effective and sustainable computing solutions. Albany, N.Y.-based UHY LLP, the Company's auditor since 2021, issued a "going concern" qualification in its report dated Mar. 31, 2025, attached in the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company was in a net loss, has negative working capital, and has significant outstanding debt that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2024, Soluna Holdings had $88.04 million in total assets against $60.68 million in total liabilities. As of June 30, 2025, the Company had $91.95 million in total assets against $62.63 million in total liabilities. SORENTO ON YESLER: Claims to be Paid from Property Sale Proceeds ---------------------------------------------------------------- Sorento on Yesler Owner LLC and Wells Fargo Bank, National Association, as Trustee for the benefit of the Registered Holders of JPMCC Commercial Mortgage Securities Trust 2019-COR4, Commercial Mortgage Pass-Through Certificates, Series 2019-COR4 ("Secured Creditor") submitted a Disclosure Statement for the Joint Plan of Liquidation dated August 22, 2025. The Debtor is a limited liability company formed under the laws of Delaware authorized to do business in the state of Washington. Sorento on Yesler, LLC, a Washington limited liability company, owns all equity interests in the Debtor. The Debtor's primary asset is the 154-unit apartment complex located at 1414 E Yesler Way, Seattle, Washington ("Sorento Flats" or "Property"). Sorento Flats was built in 2017. The rents generated by the Real Property comprise Debtor's income. This case is defined by the Code as a Single Asset Real Estate case as Debtor's primary asset is Sorento Flats. Debtor continues to operate its business as a debtor-in-possession. On February 25, 2025, the Court entered an order authorizing Debtor's use of cash collateral. Here, rental proceeds of Sorento Flats constitute cash collateral and are used to service the indebtedness secured by the Real Property and pay post-petition operating expenses. The Plan provides for one class of secured claims, one class of non-priority unsecured claims, and one class of equity interest holders. The two classes of claims are impaired and entitled to vote on whether to accept or reject the Plan. Under the Plan, the Debtor will hire a broker to market and sell the Property. The net proceeds from the sale of the Property will be distributed to the creditors of the Debtor's estate in order of priority, except for costs of sale, certain administrative expenses, and statutory fees. The Allowed Claims of Professional Persons will be paid in full out of escrow when the sale of the Property closes. The Secured Creditor will be paid out of escrow when the sale of the Property closes, up to the full amount of its allowed claim. The Debtor will make distributions to unsecured creditors only if there are net proceeds available for such distributions after payment in full to the Secured Creditor. Class 2 consists of all Unsecured Claims against the Estate. Each Class 2 Claim shall be allowed or disallowed, as the case may be, whether prior to or following Confirmation, in such amount as to which the Debtor and the claimant may agree or the Court may approve following Notice and Hearing ("Class 2 Allowed Claims"). The Debtor believes that the Class 2 Claims total approximately $158,120.55 without regard to any defenses, setoffs, or counterclaims the Debtor may hold as to any such Claims. The Debtor shall pay the Holders of the Class 2 Allowed Claims as follows: Interest shall accrue on the unpaid principal balance of the Class 2 Allowed Claims at the Federal Judgment Rate until the Class 2 Allowed Claims are paid in full. Holders of the Class 2 Allowed Claims may be paid from Net Proceeds from a Sale of the Property. Class 2 is impaired under the Plan. Class 3 consists of all Equity Interests in the Debtor ("Class 3 Equity Interests"). Class 3 is unimpaired under the Plan. The Holders of the Class 3 Equity Interests shall retain such Equity Interests following the Effective Date, but no distributions shall be made on account of such Equity Interests until all Allowed Claims against the Debtor are paid in full in accordance with the Plan. As detailed in the Plan, Allowed Claims will be paid in order of priorities set forth under the Plan from the Net Proceeds of a Sale. As of the date hereof, the Property is being actively marketed for sale. The Debtor and the Post-Effective Date Debtor shall continue to work with the Broker to seek the best return for the Property that is reasonably attainable in the time provided under the Plan. Bonavista Real Estate Management shall remain the property manager of the Property following the Effective Date until a Sale closes, unless the Secured Creditor consents in writing to a different property manager. The Post-Effective Date Debtor shall be authorized to continue using Cash Collateral on the same terms in effect under the Cash Collateral Order on the Effective Date, until the earlier of either (i) a Sale of the Property closes, or (ii) an event of default occurs under the Plan. The Debtor shall sell the Property through a marketing and sale process and if necessary, public auction, in accordance with the Plan. The Debtor shall engage the Broker to assist with the marketing and sale process for the Property. Debtor intends to hire CBRE, or a similar firm acceptable to Secured Creditor, to market and sell the Real Property. A full-text copy of the Disclosure Statement dated August 22, 2025 is available at https://urlcurt.com/u?l=cYgw0e from PacerMonitor.com at no charge. Counsel to the Debtor: Christopher L. Young, Esq. Law Offices of Christopher L. Young, PLLC 92 Lenora St., No. 146 Seattle, WA 98121 Telephone: (206) 407-5829 Email: chris@christopherlyoung.com Attorneys for Wells Fargo Bank: BALLARD SPAHR LLP James B. Zack, Esq. Todd Brannon, Esq. 1301 2nd Ave, Suite 2800 Seattle, WA 98101-2930 206.223.7000 Fax: 206.223.7107 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP Alan M. Feld, Esq. Theodore A. Cohen, Esq. Alexandria G. Lattner, Esq. Caroline R. Sischo, Esq. About Sorento on Yesler Owner Sorento on Yesler Owner, LLC is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). Sorento sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 24-13217) on December 17, 2024, with $10 million to $50 million in both assets and liabilities. Judge Christopher M. Alston handles the case. Christopher L. Young, Esq., at the Law Offices of Christopher L. Young, PLLC is the Debtor's bankruptcy counsel. Wells Fargo Bank is represented by Gregory R. Fox, Esq. James B. Zack, Esq., and Todd M. Brannon, Esq. at Lane Powell, PC. SOUTHWEST FIRE: Court Approves Use of Cash Collateral ----------------------------------------------------- Southwest Fire Defense, LLC got the green light from the U.S. Bankruptcy Court for the District of New Mexico to use cash collateral to fund operations. The court order authorized the Debtor to use cash collateral according to its budget pending a final hearing. Creditors claiming a lien on the cash collateral will be granted a replacement lien on property of the Debtor's estate in which they claim a lien as of the petition date; and on property of the same type acquired by the Debtor post-petition. The Debtor's authority to use cash collateral to pay an "adequate protection" payment to Kapitus, LLC is subject to the terms of any order approving any adequate protection agreement with Kapitus. The final hearing is set for September 22. The Debtor identified three secured creditors with an interest in cash collateral: Kapitus, which is owed approximately $120,000; Cadence Bank, $326,000; and the U.S. Small Business Administration, $284,569. The Debtor also identified two other entities -- Altec Capital Services, LLC and CFG Solutions -- that do not have valid interests in cash collateral. Altec's UCC-1 is tied only to leased equipment and its proceeds while CFG is a creditor of an individual (Daniel Martinez) and not the Debtor. A copy of the Debtor's budget is available at https://shorturl.at/VQp9M from PacerMonitor.com. About Southwest Fire Defense LLC Southwest Fire Defense, LLC provides emergency same-day hazard tree removal, tree trimming, stump grinding, defensible space creation and tree risk assessment services in the Santa Fe, New Mexico area. Founded in 2014 by former firefighter Daniel A. Martinez, the company offers free estimates. Southwest Fire Defense filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.N.M. Case No. 25-10924) on July 28, 2025. In its petition, the Debtor reported total assets of $706,464 and total liabilities of $1,530,318. Judge Robert H. Jacobvitz handles the case. The Debtor is represented by: Christopher M. Gatton, Esq. Gatton & Associates, P.C. Tel: 505-271-1053 Email: chris@gattonlaw.com SPIRIT AVIATION: Files Chapter 11 to Restructure Spirit Airlines ---------------------------------------------------------------- Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), announced on Aug. 29, 2025, that it is executing a comprehensive restructuring of the airline to position the business for long-term success. To facilitate the process, the Company has filed voluntary petitions for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Spirit intends to use the Chapter 11 process to implement the broad changes necessary to transition the Company for a sustainable future and position it to deliver the best value in the sky for years to come. The Company has been actively engaged with certain of its largest lessors, secured noteholders and key stakeholders over the past few months as it works to refine its path forward. The Chapter 11 process will provide Spirit the tools, time and flexibility to continue ongoing discussions with all of its lessors, financial creditors and other parties to implement a financial and operational transformation of the Company. The Company is also working productively with its secured noteholders, including with respect to potential financing that may become necessary later in the proceedings. The Company is filing customary motions with the Court to enable it to conduct business as normal during the restructuring process. Guests can continue to book, travel and use tickets, credits and loyalty points. Wages and benefits will continue to be paid and honored for those employed by the Company, including contractors. Spirit intends to pay vendors and suppliers for goods and services provided on or after the filing date in the ordinary course. "Since emerging from our previous restructuring, which was targeted exclusively on reducing Spirit's funded debt and raising equity capital, it has become clear that there is much more work to be done and many more tools are available to best position Spirit for the future," said Dave Davis, President and Chief Executive Officer. "After thoroughly evaluating our options and considering recent events and the market pressures facing our industry, our Board of Directors decided that a court-supervised process is the best path forward to make the changes needed to ensure our long-term success. We have evaluated every corner of our business and are proceeding with a comprehensive approach in which we will be far more strategic about our fleet, markets and opportunities in order to best serve our Guests, Team Members and other stakeholders." "As we move forward, Guests can continue to rely on Spirit to provide high-value travel options and connect them with the people and places that matter most," Davis continued. "On behalf of our Board and leadership, I want to thank our Team Members for their continued dedication, resilience and commitment to delivering a safe, reliable operation and excellent service to our Guests." Through the restructuring process, the Company expects to double down on its efforts to: -- Redesign its network: Spirit will focus its flying on key markets to provide more destinations, frequencies and enhanced connectivity in its focus cities. The Company will also reduce its presence in certain markets. -- Optimize its fleet size: Spirit will rightsize its fleet to match capacity with profitable demand in line with the redesigned network. This will significantly lower Spirit's debt and lease obligations and is projected to generate hundreds of millions of dollars in annual operating savings. -- Address its cost structure: Spirit will reinforce efforts to build on its industry-leading cost model by pursuing further efficiencies across the business. -- Effectively compete and meet evolving consumer preferences with its three travel options - Spirit First, Premium Economy and Value: Spirit will take full advantage of its lower costs to offer consumers more of what they want - value at every price point. The airline will expand the opportunities for travelers to choose premium options while remaining true to its original mission of making travel more accessible for everyone. Spirit expects to be delisted from the NYSE American Stock Exchange in the near term as a result of the Chapter 11 filing, and the Company expects that its common stock will continue to trade in the over-the-counter marketplace through the Chapter 11 process. The shares are expected to be cancelled and have no value as part of Spirit's restructuring. Additional Information The Company has created a dedicated website for stakeholders to learn about its restructuring process at www.spiritrestructuring.com. Additional information about the Company's Chapter 11 case, including access to Court filings and other documents related to the restructuring process, is available at https://dm.epiq11.com/SpiritAirlines or by calling Spirit's restructuring information line at (855) 952-6606 (U.S. toll free) or +1 (971) 715-2831 (international). Advisors Spirit is supported by Davis Polk & Wardwell LLP as legal counsel, Debevoise & Plimpton LLP as fleet counsel, FTI Consulting as restructuring, fleet and communications advisor, PJT Partners as investment banker and Seabury Aviation Partners as network advisor. About Spirit Airlines Spirit Airlines (NYSE American: FLYY) is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet(R), one of the youngest and most fuel-efficient fleets in the U.S. Discover elevated travel options with exceptional value at spirit.com. STEVEN LAYNE: Seeks to Extend Plan Filing Deadline to September 25 ------------------------------------------------------------------ Steven Layne Properties LLC asked the U.S. Bankruptcy Court for the Western District of Arkansas to extend its period to file a plan of reorganization to September 25, 2025. The Debtor explains that its Chapter 11 Plan is due to be filed on August 25, 2025. Because of problems with its large equipment malfunctioning, the Debtor has not realized a steady stream of income. However, it appears that the equipment is being repaired at the expense of the manufacturer, Bad Boy, and the manufacturer has provided the Debtor with a loaner until the repairs are completed. The Debtor claims that with its stream of income restored, the company and its largest creditor, DLL Finance, LLC, are prepared to meet with the Sub-Chapter V Trustee to attempt to negotiate a consensual plan. Steven Layne Properties LLC is represented by: Joel G. Hargis, Esq. CADDELL REYNOLDS LAW FIRM P.O. Box 184 Fort Smith, AR 72902 Telephone: (501) 214-0814 Facsimile: (501) 222-8824 Email: jhargis@caddellreynolds.com About Steven Layne Properties LLC Steven Layne Properties LLC is a specialty construction contractor based in Mansfield, Arkansas. Steven Layne Properties LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D Ark. Case No. 25-70880) on May 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,000 and $500,000 each. Honorable Bankruptcy Judge Bianca M. Rucker handles the case. The Debtors are represented by Joel G. Hargis, Esq. at Caddell Reynolds. STIX LLC: Daniel Etlinger Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of Underwood Murray, P.A. as Subchapter V trustee for Stix, LLC. Mr. Etlinger 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. Etlinger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Daniel E. Etlinger Underwood Murray, P.A. 100 N. Tampa Street, Suite 2325 Tampa Florida 33602 (813) 540-8401 Email: detlinger@underwoodmurray.com About Stix LLC Stix LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40410) on August 27, 2025, with up to $50,000 in assets and liabilities. Michael Howard Moody, Esq., at Michael H. Moody Law P.A. represents the Debtor as bankruptcy counsel. STONE BRIDGE: Gets Final OK to Use Cash Collateral -------------------------------------------------- Stone Bridge Brewing Company received final approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to use cash collateral. The Debtor was authorized to continue using cash collateral to fund operations until further court order and to operate within 10% of the final budget, unless modified by the court. The Debtor projects total operational expenses of $133,088.53 for September; $122,597.65 for October; $177,629.08 for November; and $150,870.13 for December. The pre-bankruptcy liens of any creditor with an interest in the cash collateral will continue post-petition but such liens must not be greater post-petition than the value of their liens at the inception of the Debtor's Chapter 11 case. Replacement liens will be granted solely to the extent of any diminution in the lenders' interests in the pre-bankruptcy collateral. These replacement liens do not apply to any Chapter 5 causes of action and recoveries from any claims under Section 506(c) of the Bankruptcy Code. Two UCC Financing Statements have been filed with the State of Pennsylvania, potentially affecting the Debtor's cash collateral. One was filed by Corporation Service Company as Representative on November 28, 2022, but the actual secured creditor is not identified, making it impossible to determine who holds that lien. The second UCC filing, made on December 29, 2022, by CFS CAP, LLC, claims a blanket lien on all of the Debtor's lienable assets. Due to the lack of clarity regarding lien priority, the Debtor has listed and will serve all parties that might have an interest in the cash collateral, including service agents identified in the filings. About Stone Bridge Brewing Company Stone Bridge Brewing Company operates a microbrewery, taproom, and restaurant in Johnstown, Pennsylvania. It offers house-brewed beers, a full-service kitchen under the name The Craft Kitchen, and a wine bar known as The Wine Loft on Franklin. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-70290) on July 15, 2025. In the petition signed by Jeremy J. Shearer, member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Christopher M. Frye, Esq., at Steidl & Steinberg, P.C., represents the Debtor as legal counsel. STRUCTURE ACE: Leo Congeni Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Leo Congeni, Esq., at Congeni Law Firm, LLC as Subchapter V trustee for Structure Ace, LLC. Mr. Congeni will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Congeni declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leo D. Congeni CONGENI LAW FIRM, LLC 650 Poydras Street, Suite 2750 New Orleans, LA 70130 Telephone: 504-522-4848 Facsimile: 504-910-3055 Email: leo@congenilawfirm.com About Structure Ace LLC Structure Ace, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 25-11911) on August 28, 2025, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Judge Meredith S. Grabill presides over the case. Robin R. DeLeo, Esq. represents the Debtor as legal counsel. STRUCTURE ACE: Seeks Subchapter V Bankruptcy in Louisiana --------------------------------------------------------- On August 28, 2025, Structure Ace LLC filed Chapter 11 protection in the Eastern District of Louisiana. 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 Structure Ace LLC Structure Ace LLC, led by Reshaud Henry, provides roofing, construction, and solar energy services, specializing in storm damage remediation, roof inspections, and installations using materials such as Atlas Shingles, CertainTeed Shingles, Wood Shake, Spanish Tile, TPO, Modified Bitumen, and EDPM. The Company operates primarily in Madisonville, Louisiana. Its services target residential and commercial clients. Structure Ace LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11911) on August 28, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Meredith S. Grabill handles the case. The Debtor is represented by Robin R. De Leo, Esq. at THE DE LEO LAW FIRM, LLC. SUPERIOR EQUIPMENT: Case Summary & Four Unsecured Creditors ----------------------------------------------------------- Debtor: Superior Equipment Lease LLC 31W222 West Bartlett Rd Bartlett, IL 60103 Business Description: Superior Equipment Lease LLC, based in Bartlett, Illinois, operates in the transportation and logistics sector, providing trucking, hauling, and equipment leasing services. The Company maintains a fleet of Freightliner Cascadia and Volvo VNR64T30 trucks, along with Wabash trailers, supporting both direct freight operations and commercial equipment leasing. Its services facilitate over-the-road hauling and fleet management for clients across the United States. Chapter 11 Petition Date: August 28, 2025 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 25-13334 Judge: Hon. Janet S Baer Debtor's Counsel: David Freydin, Esq. LAW OFFICES OF DAVID FREYDIN 8707 Skokie Blvd Suite 305 Skokie, IL 60077 Tel: 888-536-6607 Fax: 866-575-3765 E-mail: david.freydin@freydinlaw.com Total Assets: $3,196,492 Total Liabilities: $2,810,433 The petition was signed by Stefan Donev as member-manager. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RDVKFGY/Superior_Equipment_Lease_LLC__ilnbke-25-13334__0001.0.pdf?mcid=tGE4TAMA SUPERIOR EQUIPMENT: Neema Varghese Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Region 11 appointed Neema Varghese of NV Consulting Services as Subchapter V trustee for Superior Equipment Lease, LLC. Ms. Varghese will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Varghese declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Neema T. Varghese NV Consulting Services 701 Potomac, Ste. 100 Naperville, IL 60565 Tel: (630) 697-4402 Email: nvarghese@nvconsultingservices.com About Superior Equipment Lease Superior Equipment Lease, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-13334) on August 28, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Janet S. Baer presides over the case. David Freydin, Esq. at the Law Offices of David Freydin Ltd. represents the Debtor as bankruptcy counsel. TIBERTI COMPANY: Seeks Subchapter V Bankruptcy in Nevada -------------------------------------------------------- On August 29, 2025, The Tiberti Company LLC filed Chapter 11 protection in the District of Nevada. 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 Tiberti Company LLC The Tiberti Company LLC, doing business as Tiberti Fence Company, offers fencing products and installation services across Nevada, serving residential, commercial, and industrial customers. Based in Las Vegas and holding an AB Unlimited License as a full-phase general contractor, the Company specializes in ornamental iron, chain link fencing, and custom-built iron. Tiberti Fence Company operates as part of the wider Tiberti organization, which has a history in construction projects including hotels, gaming facilities, schools, reservoirs, museums, and civic buildings. The Tiberti Company LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-15112) on August 29, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented byMatthew C. Zirzow, Esq. at LARSON & ZIRZOW, LLC. TIN CUP: Case Summary & Four Unsecured Creditors ------------------------------------------------ Debtor: The Tin Cup Tavern, LLC 3667 East I-30 Campbell, TX 75422 Business Description: The Tin Cup Tavern, LLC operates a casual dining and entertainment venue in Campbell, Texas, offering pub-style food, alcoholic beverages, and live music events. The establishment provides patrons with indoor and outdoor seating along with recreational amenities such as pool tables, dartboards, and cornhole. It serves customers primarily in the Hunt County area through dine-in services and community-oriented promotions. Chapter 11 Petition Date: August 29, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-33337 Debtor's Counsel: Robert T. DeMarco, Esq. DEMARCO MITCHELL, PLLC 12770 Coit Road, Suite 850 Dallas TX 75251 Tel: (972) 991-5591 E-mail: robert@demarcomitchell.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jeffrey Stinson as managing member. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/W4H5RUQ/The_Tin_Cup_Tavern_LLC__txnbke-25-33337__0001.0.pdf?mcid=tGE4TAMA TNR HOLDINGS: Seeks Chapter 11 Bankruptcy in New Jersey ------------------------------------------------------- On August 28, 2025, TNR Holdings LLC filed Chapter 11 protection in the District of New Jersey. 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 TNR Holdings LLC TNR Holdings LLC operates in the real estate leasing industry and is classified as a single-asset real estate debtor, indicating its operations are concentrated on a single income-generating property or project. TNR Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-19077) on August 28, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Narissa A. Joseph, Esq. at Law Office Of Narissa A. Joseph. TPI COMPOSITES: Employs Alvarez & Marsal as Restructuring Advisor ----------------------------------------------------------------- TPI Composites, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Alvarez & Marsal North America, LLC as restructuring advisor in its Chapter 11 case. A&M will provide these services: (a) assisting in the development and management of a 13-week cash flow forecast, including ongoing variance reports and discussion with the Company's stakeholders regarding such; (b) assisting in evaluation of the Debtors’ current business plan and in preparation of a revised operating plan and cash flow forecast and presentation of such plan and forecast to the Debtors' boards of directors or other applicable governing bodies and their creditors; (c) identifying and implementing opportunities to improve the overall cash flow position of the Debtors; (d) reviewing and making recommendations regarding management compensation programs, including potential retention, severance and other compensation arrangements; (e) assisting in financing issues including the preparation of debtor in possession budgets and assistance in preparation of reports and liaison with creditors; (f) assisting the Debtors with internal and third-party information requests, including assistance in preparation of reports and liaison with creditors and advisors as deemed necessary; (g) assisting in an assessment of the Debtors’ executory contracts and unexpired leases and existing counterparties and opportunities; (h) assisting with all aspects of contingency planning (and, if necessary, execution of such plans) in connection with ongoing chapter 11 proceedings, including continued preparation of pleadings and supporting materials and supplying testimony for court hearings, as well as other court matters; and (i) providing other activities requested by Management or the Board of Directors and agreed to by A&M. A&M will be paid at these hourly rates: Managing Directors $1,100–1,575 Directors $850–1,100 Associates $625–825 Analysts $450–600 In addition, A&M will be reimbursed for reasonable out-of-pocket expenses and counsel fees in connection with the application. The firm received prepetition payments totaling $7,798,194, including a residual retainer estimated at $139,000. According to court filings, Alvarez & Marsal North America, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Alvarez & Marsal North America, LLC 600 Madison Avenue, 8th Floor New York, NY 10022 Telephone: (212) 759-4433 Website: www.alvarezandmarsal.com About TPI Composites Inc. TPI Composites -- https://tpicomposites.com/ -- is a leading wind-blade manufacturer and the only independent wind blade manufacturer with a global footprint. TPI Composites Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34655) on August 11, 2025. The company listed $500 million to $1 billion in estimated assets, along with $1 billion to $10 billion in estimated liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Gabriel Adam Morgan, Esq. at Weil, Gotshal & Manges LLP. Oaktree Capital Management L.P., as DIP agent, is represented by: William A. (Trey) Wood III, Esq. Bracewell, LLP 711 Louisiana Street, Suite 2300 Houston, TX 77002 Telephone: (713) 221-1166 Facsimile: (713) 221-1212 E-mail: trey.wood@bracewell.com TPI COMPOSITES: Hires Weil Gotshal & Manges as Attorney ------------------------------------------------------- TPI Composites, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Weil, Gotshal & Manges LLP as attorney. The firm will provide these services: a. take all necessary action to protect and preserve the value of the Debtors' estates, including the prosecution of actions on the Debtors' behalf, the defense of any actions commenced against the Debtors, the negotiation of disputes in which the Debtors are involved and the preparation of objections to claims filed against the Debtors' estates; b. prepare on behalf of the Debtors, as debtors in possession, all necessary motions, applications, answers, orders, reports, and other papers in connection with the administration of the Debtors' estates; c. take all necessary actions in connection with any chapter 11 plan and related disclosure statement and all related documents, and such further actions as may be required in connection with the administration of the Debtors' estates; and d. perform all other necessary legal services in connection with the prosecution of these chapter 11 cases.The firm will be paid at these rates: The firm will be paid at these rates: Partners and Counsels $1,725 to $2,575 per hour Associates $890 to $1,560 per hour Paraprofessionals $375 to $630 per hour During the 90-day period prior to the Petition Date, Weil received payments and advances in the aggregate amount of $8,744,568.98 for services performed and expenses incurred, and also to be performed and incurred, including in preparation for the commencement of these chapter 11 cases. As of the Petition Date, Weil held an advance payment retainer of $660,799.97. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The following is provided in response to the request for additional information set forth in Appendix B, Paragraph D.1 of the Fee Guidelines. Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Weil represented the Debtors in the four months prior to the Petition Date. Paragraph 22 herein discloses the billing rates used by Weil from January 1, 2025 through the Petition Date, which are subject to annual adjustment. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: Weil is developing a prospective budget and staffing plan for these chapter 11 cases. Weil and the Debtors will review such budget following the close of the budget period to determine a budget for the following period. Mr. Morgan 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: Gabriel A. Morgan, Esq. Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 Tel: (212) 310-8000 About TPI Composites, Inc. TPI Composites -- https://tpicomposites.com/ -- is a leading wind-blade manufacturer and the only independent wind blade manufacturer with a global footprint. TPI Composites Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34655) on August 11, 2025. The company listed $500 million to $1 billion in estimated assets, along with $1 billion to $10 billion in estimated liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Gabriel Adam Morgan, Esq. at Weil, Gotshal & Manges LLP. Oaktree Capital Management L.P., as DIP agent, is represented by: William A. (Trey) Wood III, Esq. Bracewell, LLP 711 Louisiana Street, Suite 2300 Houston, TX 77002 Telephone: (713) 221-1166 Facsimile: (713) 221-1212 E-mail: trey.wood@bracewell.com TRUE LOUNGE: Hires Gorski & Knowlton as Bankruptcy Counsel ---------------------------------------------------------- True Lounge, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Gorski & Knowlton PC to handle its Chapter 11 proceedings. The hourly rates charged by the firm's attorneys and paralegals are: Carol Knowlton $425 per hour Allen Gorski $425 per hour Cheryl Gorski $400 per hour Paralegal $225 per hour The firm received a retainer in the amount of $15,000, plus $1,738 filing fee. Carol Knowlton, Esq., an attorney at Gorski & Knowlton, disclosed in a court filing that her firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Carol L. Knowlton, Esq. GORSKI & KNOWLTON PC 311 Whitehorse Ave, Suite A Hamilton, NJ 08610 Tel: (609) 964-4000 Fax: (609) 528-0721 E-mail: cknowlton@gorskiknowlton.com About True Lounge, Inc. True Lounge, Inc. operates as a restaurant, bar, and lounge at 82-88 Orchard Street, Newark, New Jersey, offering live music, comedy, and entertainment events. True Lounge, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 25-18597) on August 15, 2025, listing $2,085,100 in assets and $1,811,117 in liabilities. The petition was signed by Catherine Spruill as president. Judge John K Sherwood presides over the case. Carol L. Knowlton, Esq. at Gorski And Knowlton PC represents the Debtor as counsel. TWIN CITIES: S&P Assigns 'BB' Rating on 2025A/B Revenue Bonds ------------------------------------------------------------- S&P Global Ratings assigned its 'BB' long-term rating to the Saint Paul Housing and Redevelopment Authority, Minn.'s $13.8 million series 2025A and $210,000 series 2025B charter school lease revenue refunding bonds, issued for Twin Cities Academy (TCA). At the same time, S&P Global Ratings affirmed its 'BB' long-term rating on the TCA's series 2015 charter school lease revenue bonds. The outlook is stable. S&P said, "We analyzed environmental, social, and governance factors and consider them neutral in our credit rating analysis. "The stable outlook reflects our expectation that, in the one-year outlook period, enrollment will increase incrementally and that management will generate at least break-even operations in fiscal 2026 after a healthier-than-expected fiscal 2025, such that DCOH and pro forma MADS coverage meet covenants and remain in line with the rating category. "We could consider a negative rating action if enrollment misses projections such that operations are pressured, if pro forma MADS coverage weakens to less than the required 1.1x, or if financial resources fall to levels no longer comparable with those of peers. "We could consider a positive rating action in the longer term if pro forma MADS coverage and liquidity improve through organic growth to levels that we consider comparable with those of higher-rated peers, while the per student debt burden moderates through enrollment growth." VALVES AND CONTROLS: Hires Ordinary Course Professionals -------------------------------------------------------- Valves and Controls US, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ ordinary course professionals. These OCPs include: Name Services The Cook Group Litigation Defense Counsel 115 Broadway, New York, NY 11215 Deutsch Kerrigan, LLP Litigation Defense Counsel 755 Magazine Street, New Orleans, LA 70130 Dickie, McCamey & Chilcote, P.C. Litigation Defense Counsel 1650 Arch Street, Suite 2110, Philadelphia, PA 19103 Dodson & Dodson, LLP Litigation Defense Counsel 4646 Summerhill Road, P.O. Box 1877 Texarkana, TX 75503 Foley Mansfield Litigation Defense Counsel 130 East 9 Mile Road, Ferndale, MI 48220 Gordon Rees Scully Litigation Defense Counsel Mansukhani, LLP 28 State Street, Suite 1050, Boston, MA 02109 Lewis Brisbois Bisgaard & Litigation Defense Counsel Smith LLP 2 Alhambra Plaza, Suite 1110, Coral Gables, FL 33134 Jenkins Fenstermaker, PLLC Litigation Defense Counsel 325 8th Street, P.O. Box 2688 (25726) Huntington, WV 25701 McGivney, Kluger, Clark & Litigation Defense Counsel Intoccia, P.C. 290 West Mt. Pleasant Avenue, Suite 4200, Livingston, NJ 07039 Nelson Mullins Riley & Litigation Defense Counsel Scarborough, L.L.P. Meridian, 1320 Main Street, 17th Floor, Columbia, SC 29201 Poole Brooke Plumlee PC Litigation Defense Counsel 4705 Columbus Street, Suite 100, Virginia Beach, VA 23462 Post & Schell, P.C. Litigation Defense Counsel 300 Delaware Avenue, Suite 1380, Wilmington, DE 19801 Tydings & Rosenberg LLP Litigation Defense Counsel One East Pratt Street, Suite 901, Baltimore, MD 21202 Williams Kastner Litigation Defense Counsel 601 Union Street, Suite 4100, Seattle, WA 98101-2380 Wilson Elser Moskowitz Litigation Defense Counsel Edelman & Dicker LLP 655 Montgomery Street, Suite 900, San Francisco, CA 94111 Zimmer Kunz, PLLC Litigation Defense Counsel 310 Grant Street, Suite 3000, Pittsburgh, PA 15219 Litigation Defense Counsel About Valves and Controls US, Inc. Valves and Controls US Inc., previously known as Weir Valves & Controls USA Inc., is a manufacturer of industrial valves and control systems operating within the fabricated metal product manufacturing industry. Valves and Controls US Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11403) on July 1, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Patrick J. Reilley, Esq. at Cole Schotz P.C. VICTORIA'S KITCHEN: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Victoria's Kitchen, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral until September 30 to pay the expenses set forth in its monthly budget, subject to a 10% variance. The U.S. Small Business Administration asserts a lien on the Debtor's personal property based on a UCC-1 financing statement. As adequate protection, SBA will receive a monthly payment of $500 from the Debtor starting this month. The order does not authorize payment to any bankruptcy professional or to the Subchapter V trustee. The Debtor said it needs access to funds, which constitute cash collateral to avoid defaults, loss of insurance coverage, or other setbacks that would jeopardize its ability to reorganize. About Victoria's Kitchen LLC Victoria's Kitchen LLC operates as a food service business offering southern-style comfort and soul food dishes, including seafood, lamb, soups, pasta, salads, and desserts. The Company provides takeout, delivery, and catering services in the Philadelphia, Pennsylvania, and Sicklerville, New Jersey areas, and also runs a food truck service. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-13380) on August 26, 2025. In the petition signed by Victoria A. Turner Tyson, managing member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Derek J. Baker oversees the case. Michael Assad, Esq., at Sadek Law Offices, represents the Debtor as bankruptcy counsel. VSBROOKS INC: Court Extends Cash Collateral Access to Oct. 1 ------------------------------------------------------------ VSBROOKS, Inc. received second interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, to use cash collateral. The second interim order authorized the Debtor to use cash collateral until October 1 to pay the amounts expressly authorized by the court; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by City National Bank. As adequate protection for the Debtor's use of its cash collateral, City National Bank will have a replacement lien on all property acquired or generated by the Debtor after its Chapter 11 filing. This replacement lien will have the same priority and extent as the bank's pre-bankruptcy lien. The replacement lien will be junior to fees and costs awarded to bankruptcy professionals, according to the court order. The final hearing is scheduled for September 29. In 2023, the Debtor and City National Bank entered into a loan agreement backed by the U.S. Small Business Administration. The loan is secured by a blanket lien on all of the Debtor's assets as documented in a UCC-1 financing statement. The loan, originally in the principal amount of $2.5 million, has a remaining balance of approximately $2.39 million. City National Bank is represented by: Melbalynn Fisher, Esq. Ghidotti | Berger LLP 10800 Biscayne Blvd., Suite 201 Miami, FL 33161 Tel: (305) 501-2808 Fax: (954) 780-5578 bknotifications@ghidottiberger.com About VSBROOKS Inc. VSBROOKS Inc., doing business as The 3rd Eye Creative Agency, is a certified women-owned independent full-service marketing agency in Miami specializing in health and wellness brands. With more than 25 years of experience, it focuses on generational healthcare advertising, women's healthcare initiatives, multicultural audience engagement and B2B growth within regulatory compliance. VSBROOKS sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-18690) on July 29, 2025. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtor is represented by: Jacqueline Calderin, Esq. Email: 305-722-2002 Email: jc@agentislaw.com Robert P. Charbonneau, Esq. Tel: 305-722-2002 Email: rpc@agentislaw.com VYOME HOLDINGS: Appoints Kreit & Chiu as Independent Auditor ------------------------------------------------------------ Vyome Holdings, Inc. (f/k/a ReShape Lifesciences Inc.) disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission that on August 18, 2025, Haskell & White LLP, was dismissed as the independent registered public accounting firm of the Company, formerly ReShape Lifesciences Inc. Effective as of August 18, 2025 Kreit & Chiu CPA LLP was appointed to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The decision to change auditors was approved and recommended by the Company's Audit Committee and approved by its Board of Directors. During the fiscal year ended December 31, 2024 and the subsequent interim period through August 18, 2025, the date of the dismissal of Haskell, there were no disagreements with Haskell, on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Haskell would have caused it to make reference to the subject matter thereof in connection with its report, nor did its report contain an adverse opinion or a disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope, or accounting principle except that Haskell's report for the fiscal year ended December 31, 2024 contained an explanatory paragraph regarding the existence of substantial doubt about the Company's ability to continue as a going concern. Also, with respect to ReShape Lifesciences Inc., there were no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K, except for material weaknesses in the Company's internal control over financial reporting as of December 31, 2024, as reported in Part II, Item 9A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. RSM US LLP audited the consolidated financial statements of ReShape Lifesciences Inc.as of December 31, 2023, and for the year ended December 31, 2023. During the two fiscal years ended December 31, 2024 and 2023, and the subsequent interim period through August 18, 2025, neither the Company nor anyone acting on its behalf has consulted with Kreit & Chiu with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Kreit & Chiu concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; (ii) any matter that was the subject of a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions thereof; or (iii) a reportable event as described in Item 304(a)(1)(v) of Regulation S-K and the related instructions thereof. About Vyome Holdings, Inc. Headquartered in Cambridge, Mass., Vyome Holdings, Inc. (f/k/a ReShape Lifesciences Inc.) is a clinical-stage biotechnology company focused on developing innovative therapeutics for immuno-inflammatory and rare diseases, with operations spanning the U.S. and India. The company leverages its cross-border healthcare platform to combine cutting-edge science, AI-driven R&D, and cost efficiencies, aiming to address high-impact conditions such as antibiotic-resistant acne and malignant fungating wounds. Vyome's robust pipeline, strong leadership with connections to Harvard and MIT, and debt-free capital structure provide a strategic advantage in the high-growth $100B+ immuno-inflammatory market. Headquartered in Princeton, NJ and Cambridge, MA, Vyome seeks to unlock lasting value for shareholders through efficient drug development and global commercialization. In ReShape Lifesciences Inc.'s report dated April 4, 2025, the Company's former auditor Haskell & White LLP, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and negative cash flows. The Company currently does not generate revenue sufficient to offset operating costs and anticipates such shortfalls to continue. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $9.03 million in total assets against $2.20 million in total liabilities. VYOME HOLDINGS: Increases At-the-Market Offering to $12M with Maxim ------------------------------------------------------------------- Vyome Holdings, Inc. (f/k/a ReShape Lifesciences Inc.) disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission that on August 20, 2025, the Company entered into Amendment No. 1 to that certain Equity Distribution Agreement dated May 30, 2025 with Maxim Group LLC to act as the Company's exclusive sales agent with respect to the issuance and sale of up to $12,000,000 of the Company's shares of common stock, par value $0.001 per share, from time to time, in an at-the-market public offering. The Amendment increases the amount that may be offered and sold in the Offering from $3,420,926 to $12,000,000. The Shares will be sold and issued pursuant the Company's shelf registration statement on Form S-3 (File No. 333-287168), which was previously declared effective by the Securities and Exchange Commission, and a related prospectus, as supplemented. The Company is simultaneously herewith filing a supplement to the prospectus supplement with the Securities and Exchange Commission to increase the number of Shares that may be offered and sold in the Offering. About Vyome Holdings, Inc. Headquartered in Cambridge, Mass., Vyome Holdings, Inc. (f/k/a ReShape Lifesciences Inc.) is a clinical-stage biotechnology company focused on developing innovative therapeutics for immuno-inflammatory and rare diseases, with operations spanning the U.S. and India. The company leverages its cross-border healthcare platform to combine cutting-edge science, AI-driven R&D, and cost efficiencies, aiming to address high-impact conditions such as antibiotic-resistant acne and malignant fungating wounds. Vyome's robust pipeline, strong leadership with connections to Harvard and MIT, and debt-free capital structure provide a strategic advantage in the high-growth $100B+ immuno-inflammatory market. Headquartered in Princeton, NJ and Cambridge, MA, Vyome seeks to unlock lasting value for shareholders through efficient drug development and global commercialization. In ReShape Lifesciences Inc.'s report dated April 4, 2025, the Company's auditor Haskell & White LLP, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and negative cash flows. The Company currently does not generate revenue sufficient to offset operating costs and anticipates such shortfalls to continue. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $9.03 million in total assets, against $2.20 million in total liabilities. WAG! GROUP: Gets Court Clearance for Chapter 11 Equitization Plan ----------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that Wag! Group Co., a bankrupt pet care app provider, won approval on August 29, 2025 from a Delaware judge for its Chapter 11 reorganization plan. The plan converts the secured debt of its prepetition lenders into equity, while leaving general unsecured creditors unimpaired. About Wag! Group Co. Wag! Group Co. is a San Francisco-based digital platform that connects pet owners with dog walkers, sitters, and various pet care professionals. Wag! Group and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11358) on July 21, 2025. In its petition, Wag! Group disclosed between $10 million and $50 million in both estimated assets and liabilities. The Debtors are represented by Young Conaway Stargatt & Taylor, LLP and Latham & Watkins, LLP, Nixon Peabody, and Littler Mendelson PC. Epiq Corporate Restructuring LLC is the Debtors' claims and noticing agent. WALKER EDISON: To Sell Assets to Twin-Star in Chapter 11 -------------------------------------------------------- Bondoro reports that Utah-based furniture maker Walker Edison Holdco LLC filed for Chapter 11 in Delaware on August 28, 2025, seeking to sell substantially all assets through a S363 process to Twin-Star International for $20 million plus assumed liabilities. The sale is structured to preserve the debtor's workforce while enabling the estate to pursue pending claims against former shareholders in Utah state court, according to the report. Financing is provided through a $13 million junior DIP loan from existing term lenders, with $6 million earmarked for ongoing operations and $7 million for litigation support. According to the petition, Walker Edison reports between $100 million and $500 million in liabilities and only $0 to $50,000 in assets. Court filings indicate that a distribution to unsecured creditors will be possible. The case is being heard under number 25-11602. About Walker Edison Holdco LLC Walker Edison Holdco LLC is a Utah-based furniture manufacturer. Walker Edison Holdco LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11602) on August 28, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Luke Brzozowski, Esq., Scott Jones, Esq., Robert J. Dehney, Esq.,Daniel B. Butz, Esq., and Echo Yi Qian, Esq. at Nichols Arsht And Tunnell. WESTVIEW BAPTIST: Hires Sagre Law Firm as Bankruptcy Counsel ------------------------------------------------------------ Westview Baptist Church Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Sagre Law Firm, P.A. as counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers and duties in the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal papers; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiations with its creditors in the preparation of the plan. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer of $40,000, plus $1,738 filling fee. Ariel Sagre, Esq., president and owner of Sagre Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ariel Sagre, Esq. Sagre Law Firm PA 5201 Blue Lagoon Drive, Suite 892 Miami, FL 33126 Telephone: (305) 266-5999 Facsimile: (305) 265-6223 About Westview Baptist Church Inc. Westview Baptist Church Inc. is a not-for-profit Southern Baptist congregation based in Miami, Florida, providing religious services and community outreach programs. Its activities include worship services, educational ministries, and neighborhood engagement initiatives. Westview Baptist Church Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19573) on August 19, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtor is represented by Ariel Sagre, Esq. at SAGRE LAW FIRM, P.A. WINDTREE THERAPEUTICS: Nasdaq Delists Shares; Trading Moves to OTC ------------------------------------------------------------------ Windtree Therapeutics Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on August 19, 2025, the Company was notified by The Nasdaq Stock Market LLC that as a result of the Company's previously disclosed noncompliance with Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined to delist the Company's common stock from the Nasdaq Capital Market and, accordingly, will suspend trading in the Company's common stock effective at the open of trading on August 21, 2025. The Company expects that its common stock will begin trading publicly on the over-the-counter market on August 21, 2025, under its existing symbol "WINT." The Company has applied to be traded on the OTCID tier of the OTC Market. However, there can be no assurance that the Company will be approved for trading on the OTCID. The transition to the quotation of the Company's common stock on the OTC Markets will have no effect on the Company's business or operations. The Company will continue to file periodic and other required reports with the Securities and Exchange Commission under applicable federal securities laws, which will be available on the SEC's website, www.SEC.gov/ About Windtree Therapeutics Headquartered in Warrington, Pennsylvania, Windtree Therapeutics, Inc. -- windtreetx.com -- is a biotechnology company focused on advancing early and late-stage innovative therapies for critical conditions and diseases. The Company's portfolio of product candidates includes: (a) istaroxime, a Phase 2 candidate that inhibits the sodium-potassium ATPase and also activates sarco endoplasmic reticulum Ca2+ -ATPase 2a, or SERCA2a, for acute heart failure and associated cardiogenic shock; preclinical SERCA2a activators for heart failure; rostafuroxin for the treatment of hypertension in patients with a specific genetic profile; and a preclinical atypical protein kinase C iota, or aPKCi, inhibitor (topical and oral formulations), being developed for potential application in rare and broad oncology indications. The Company also has a licensing business model with partnership out-licenses currently in place. Philadelphia, Pennsylvania-based EisnerAmper LLP, the company's auditor since 2022, issued a "going concern" qualification in its report dated April 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and expects to incur losses for the foreseeable future, that raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $31.83 million in total assets, $24.98 million in total liabilities, and $3.61 million in total stockholders' equity. X4 PHARMACEUTICALS: Biotechnology Value Fund Holds 9.9% Stake ------------------------------------------------------------- Biotechnology Value Fund, L.P. and affiliated entities -- BVF I GP LLC, Biotechnology Value Fund II, L.P., BVF II GP LLC, Biotechnology Value Trading Fund OS LP, BVF Partners OS Ltd., BVF GP Holdings LLC, BVF Partners L.P., BVF Inc., and Mark N. Lampert (collectively, the "Reporting Persons") -- disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of August 13, 2025, they beneficially own 2,243,659 shares of X4 Pharmaceuticals, Inc.'s common stock (CUSIP: 98420X202). The Reporting Persons' holdings include 1,288,288 pre-funded warrants exercisable for common shares; however, due to a 9.99% ownership limitation, only 9,917 shares underlying these warrants are currently exercisable. As a result, the Reporting Persons' beneficial ownership is limited to approximately 9.99% of X4 Pharmaceuticals' outstanding common stock, based on 22,458,050 shares outstanding as reported in the Company's recent filings. Biotechnology Value and the other Reporting Persons may be reached through: Mark N. Lampert, Authorized Signatory 44 Montgomery Street, 40th Floor San Francisco, CA 94104 Tel: 312-506-6500 A full-text copy of Biotechnology Value Fund, L.P.'s SEC report is available at: https://tinyurl.com/4yew52ev About X4 Pharmaceuticals Boston, Mass.-based X4 Pharmaceuticals, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing novel therapeutics for the treatment of rare diseases and those with limited treatment options, particularly conditions resulting from immune system dysfunction. Boston, Mass.-based PricewaterhouseCoopers LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated March 25, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2024, X4 Pharmaceuticals had $146.45 million in total assets, against $124.23 million in total liabilities. As of June 30, 2025, it had $105.17 million in total assets, against $101.2 million in total liabilities. X4 PHARMACEUTICALS: Deep Track Holds 9.99% Equity Stake ------------------------------------------------------- Deep Track Capital, LP, Deep Track Biotechnology Master Fund, Ltd., and David Kroin disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of August 12, 2025, they beneficially own 2,366,995 shares of common stock of X4 Pharmaceuticals, Inc. (CUSIP: 98420X202). The beneficially owned shares include 4,162,137 pre-funded warrants exercisable for common shares, but these are subject to a 9.99% maximum ownership limitation. The Reporting Persons share voting and dispositive power over the 2,366,995 shares, representing approximately 9.99% of X4 Pharmaceuticals' outstanding common stock, based on 23,693,644 shares outstanding as reported in the Company's Form 10-Q filed August 8, 2025 and Form 8-K filed August 12, 2025. Deep Track Capital, LP, may be reached through: David Kroin Managing Member of the General Partner of the Investment Adviser 200 Greenwich Ave, 3rd Floor, Greenwich, CT 06830 Tel: 203-409-0812 A full-text copy of Deep Track Capital, LP's SEC report is available at: https://tinyurl.com/yw42zy4n About X4 Pharmaceuticals Boston, Mass.-based X4 Pharmaceuticals, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing novel therapeutics for the treatment of rare diseases and those with limited treatment options, particularly conditions resulting from immune system dysfunction. Boston, Mass.-based PricewaterhouseCoopers LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated March 25, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2024, X4 Pharmaceuticals had $146.45 million in total assets, $124.23 million in total liabilities, and $22.15 million in total shareholders' equity. As of June 30, 2025, it had $105.17 million in total assets, $101.2 million in total liabilities, and $3.97 million in total shareholders' equity. XEROX HOLDINGS: S&P Downgrades ICR to 'B', Outlook Negative ----------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Xerox Holdings Corp. to 'B' from 'B+'. S&P also lowered its issue-level ratings on its senior secured term loan and first-lien notes to 'BB-' from 'BB', its second-lien notes to 'B' from 'B+', and its senior unsecured notes to 'B-' from 'B'. The negative outlook reflects the execution risks involved with Xerox's transformation program and the integration of Lexmark, especially when it comes to returning to long-term organic revenue growth and significant core FOCF generation. This is amid continued secular print market demand challenges. Xerox Holdings revised its 2025 guidance downwards following a weak performance in the second quarter, partly due to weaker print equipment demand and incremental expenses related to tariff uncertainties. S&P now expects S&P Global Ratings-adjusted negative core free operating cash flow (FOCF) of $50 million-$60 million this year. This excludes Lexmark integration costs and the benefit from decreasing finance receivables and is below our previous expectation of a return to positive core FOCF. S&P said, "We now expect Xerox's core FOCF to remain negative over the next 12 months, although successfully integrating Lexmark may improve its credit metrics. We revised our near-term revenue growth and core FOCF expectations downwards, with an uncertain U.S. trade and policy environment potentially exacerbating the secular demand headwinds in the company's core print business." This is in addition to an expected $60 million-$65 million cash expense in 2025 related to tariffs, net of mitigation actions, including costs to move some product manufacturing from China to Mexico. The company expects mitigation actions and price increases to allow it to fully recover the net impact of tariffs on operating income in 2026. However, this assumes current tariff rates are unchanged. Xerox also noted some delayed orders from the U.S. public sector in the second quarter due to funding uncertainty. Furthermore, the company noted a delay in realizing some cost savings from its Reinvention transformation plan as it underwent the planning of the Lexmark integration. Although these savings are expected to be realized over the next few years, S&P views this as an example of the execution risks associated with the Lexmark integration and Reinvention plan and returning to organic revenue growth and significant core FOCF. S&P said, "These factors and the adverse impact of our lower revenue assumptions led us to revise our pro forma EBITDA margin expectations downwards by 220 basis points in 2025 and 170 basis points in 2026 to about 9% and 11%, respectively. Nonetheless, we note this still represents an improvement over legacy Xerox's 8% S&P Global Ratings-adjusted EBITDA margin in 2024, reflecting Lexmark's higher-margin business profile, even before achieving planned gross cost synergies of over $250 million within the next two years. "Xerox should have sufficient liquidity to service its debt and cover maturities over the next 24 months, helped by lower shareholder distributions and decreasing finance receivables. We expect the company's increased cash interest burden from the Lexmark acquisition financing and expected total cash integration costs of $75 million-$125 million over 2025 and 2026 to hinder its near-term cash generation. Nonetheless, inflows from planned finance receivable reductions for over $600 million of proceeds by the end of 2027, potential cost savings and synergies, and a reduction in annual reported dividends to about $27 million going forward should exceed those outflows. S&P expects these factors, as well as its cash balance and asset-based lending (ABL) facility availability (providing a total $809 million of liquidity as of June 30, 2025), to allow it to cover debt servicing and maturities over the next 24 months. These include $137.5 million of seller notes outstanding from the IT savvy acquisition maturing through January 2026 and $125 million of bridge notes due in 2026. However, S&P believes that the company will likely need to refinance the $750 million senior unsecured notes due in August 2028. Its ability to do so at a reasonable cost of financing will likely depend on successfully integrating Lexmark and making considerable progress in stabilizing revenues and returning to positive core FOCF. The negative outlook reflects the execution risks involved with Xerox returning to long-term organic revenue growth and significant core FOCF. This is due to the considerable shift in its operating model while navigating a secularly challenged core print industry and integrating Lexmark. Business underperformance versus our expectations or challenges successfully integrating Lexmark could lead to a downgrade within the next 12 months. S&P could lower the rating if the company: -- Cannot stabilize its organic revenue declines due to weakening print industry demand, competitive pressures, or strategic execution mishaps; -- Cannot improve core FOCF to debt above the low-single-digit percent area on a sustained basis. Core FOCF excludes one-time Lexmark integration costs and the benefit from a decreasing finance receivables portfolio, or any other external finance receivable monetization strategies; or -- Adopts a more aggressive financial policy or cannot sustain EBITDA margin improvements through cost savings or pricing, such that S&P Global Ratings-adjusted leverage stays above 6x. This could include using cash for shareholder distributions or acquisitions rather than debt reduction. S&P could revise its outlook to stable if: -- Successful execution of the Reinvention program and integration of Lexmark helps stabilize long-term reported revenues. This could be due to A4 color and IT and digital service revenue contributions offsetting declining A3 print revenues; -- Leverage decreases below 6x on a sustained basis, with Xerox prioritizing debt repayments in its capital allocation policy rather than shareholder distributions or large acquisitions; and -- The company maintains positive core FOCF to debt above the low-single-digit percent area. [] OSC Seeks to Force Ex-Bridging Finance Execs into Bankruptcy --------------------------------------------------------------- The Ontario Securities Commission (OSC) on Aug. 27, 2025, has filed applications under the Bankruptcy and Insolvency Act (BIA) seeking to petition David Sharpe and Natasha Sharpe into bankruptcy and appoint a trustee over their assets. These applications follow the Sharpes' failure to pay the financial sanctions and costs ordered by the Capital Markets Tribunal on June 17, 2025, which include millions of dollars in disgorgement and administrative penalties. David Sharpe is the former chief executive officer of Bridging Finance Inc. (BFI) and Natasha Sharpe is the former chief investment officer of BFI. In October 2024, the Capital Markets Tribunal found that the Sharpes perpetrated or participated in three securities-related frauds that involved the diversion of more than $100 million in investor funds and that affected more than 26,000 unitholders. The Sharpes have appealed the decisions of the Capital Markets Tribunal. The appeals are expected to proceed to a hearing in the normal course. The BIA applications are being brought at this time to preserve the powers of the trustee, if appointed, and the authority of the Court to review certain transactions made by the Sharpes. In April 2021, the OSC successfully sought the appointment of PricewaterhouseCoopers Inc. as receiver and manager (the Receiver) over the affairs of BFI and related entities to help ensure BFI's affairs were managed in the best interests of unitholders. The BIA applications are another step the OSC is taking in the public interest to help identify, recover and secure assets of the Sharpes, which may assist in maximizing potential recoveries for BFI unitholders. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca. ********* 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. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2025. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***