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251010.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, October 10, 2025, Vol. 29, No. 282 Headlines 20 S BROADWAY: Amends Unsecured Claims Pay Details 91-40 WINCHESTER BLVD: Seeks Chapter 7 Bankruptcy in New York ACPRODUCTS INC: Nuveen Credit Marks $1.2MM Loan at 24% Off ACPRODUCTS INC: Nuveen Floating Marks $1.8MM Loan at 24% Off ADVANTAGE SALES: Nuveen Floating Marks $980,573 Loan at 22% Off AEROFAB INDUSTRIES: Employs Neeleman Law as Legal Counsel AEROFAB INDUSTRIES: Gets Final OK to Use Cash Collateral ALEON METALS: Court OKs Recycling Biz Sale to AM BidCo Holdings ALTMAN & NELSON: Hires The Lane Law as Legal Counsel AMERICAN BOATHOUSE: Unsecureds to Split $23,500 over 3 Years ANNALEE DOLLS: Court Extends Cash Collateral Access to Oct. 31 ANTHOLOGY INC: Unable to Maintain Growth Post-COVID Expansion ARIZONA STATE: U.S. Trustee Unable to Appoint Committee AUSTIN WATERJET: Claims to be Paid from Business Operations AVAYA INC: Nuveen Floating Marks $10MM Loan at 21% Off BAUDAX BIO: Plan Exclusivity Period Extended to Oct. 14, 2025 BE PLASTICS: Seeks Subchapter V Bankruptcy in Texas BELL BUSINESS INVESTMENTS: Seeks Chapter 11 Bankruptcy in New York BIG LOTS: Secures Court Approval for $6.5MM Exec Claims Deal BOKQUA LLC: Seeks Cash Collateral Access BOKQUA LLC: To Sell Aurora Property to N. Salas Nunez & A. Cruz BOSQUE BREWING: Case Summary & 20 Largest Unsecured Creditors BOUNDLESS BROADBAND: Plan Exclusivity Period Extended to Dec. 30 BROWN & BROWN: Amends Unsecured Claims Pay Details C & P AUTO: Case Summary & 15 Unsecured Creditors CAPITAL DISTRICT: Files Emergency Bid to Use Cash Collateral CAREERBUILDER + MONSTER: Represented by Latham in Confirmed Plan CENTURY FINANCIAL: Secured Party Sets Auction CITY BREWING: Nuveen Floating Marks $1.2MM Loan at 73% Off CITY BREWING: Nuveen Floating Marks $3.2MM Loan at 72% Off CITY MASSAGE: Employs Aaronson Schantz as Legal Counsel CIUDAD DEPORTIVA: Taps Hector Eduardo Pedrosa-Luna as Counsel CK BUILDERS: To Sell San Antonio Properties to NR Elias Holdings COMMUNITY HEALTH: Retiring CEO Joins CHSPSC as Consultant CONAIR HOLDINGS: Nuveen Credit Marks $703,346 Loan at 26% Off CONAIR HOLDINGS: Nuveen Floating Marks $1.2MM Loan at 26% Off CONSOLIDATED APPAREL: Gets Extension to Access Cash Collateral CORPORATE AIR: Gets Interim OK to Obtain DIP Loan From Vantage ACG CORVIAS CAMPUS: Submits Chapter 11 Plan w/ Sale of Buildings CRAWFORD VENTURES: Trustee Seeks Court Approval to Liquidate Fund CUBIC CORP: Nuveen Floating Marks $1.5MM Loan at 26% Off CYXTERA DC: Nuveen Floating Virtually Writes Off $876,023 Loan D.Z.A. ASSOCIATES: Seeks Chapter 7 Bankruptcy in Illinois D2 GOVERNMENT: Court Extends Cash Collateral Access to Oct. 31 DANIEL TRUCKING: Gets OK to Use Cash Collateral Until Dec. 1 DEL MONTE: Claims Filing Deadline Set for Nov. 5, 2025 DELTA QUAD: U.S. Trustee Unable to Appoint Committee DOLCHE TRUCKLOAD: Gets Interim OK to Use Cash Collateral ENKB-MONTICELLO: Files Emergency Bid to Use Cash Collateral ES PARTNERS: Court Extends Cash Collateral Access to Oct. 28 EYECARE PARTNERS: Nuveen Floating Marks $5.7MM Loan at 21% Off FIRST BRANDS: GECC Marks Down Loans After Bankruptcy Filing FIRST BRANDS: Raistone Seeks Probe of 'Vanished Funds' FIT & THRIVE: Hires J.D. Graham P.C. as Legal Counsel GBOGBARA INC: Case Summary & 11 Unsecured Creditors GEC TRANSPORT: Case Summary & 20 Largest Unsecured Creditors GENESIS HEALTHCARE: Court OKs Proskauer's Bid to Serve as Counsel GILLETTE ENTERPRISES: Gets Final OK to Use Cash Collateral GREAT CIRCLE: Seeks to Use Cash Collateral GREENIDGE GENERATION: Launches Tender/Exchange Offer for 2026 Notes GREENLAND USA: Loan Defaults Lead to Pacific Park Foreclosure HARVEST SHERWOOD: Plan Exclusivity Period Extended to December 1 HENRY RD: Seeks Chapter 7 Bankruptcy in New York HOUSTON THERAPY: Case Summary & Four Unsecured Creditors HYPERSCALE DATA: Milton Ault Holds 53.18% Equity Stake I A P CONSTRUCTION: Court Extends Cash Collateral Access to Nov. 6 ICORECONNECT INC: Creditors to Get Proceeds From Liquidation IF YOU PLEASE: Taps Ellett Law Offices as Legal Counsel INDEPENDENT MEDEQUIP: Official Creditors' Committee Appointed INTERSTATE WASTE: S&P Affirms 'B' ICR, Outlook Negative IYA FOODS: Court Extends Cash Collateral Access to Oct. 25 JB GROUP: U.S. Trustee Appoints Creditors' Committee KID FRIENDLY: Gets Interim OK to Use Cash Collateral Until Oct. 31 KIDSVILLE LEARNING: Gets Interim OK to Use Cash Collateral KOSMOS ENERGY: Mexico Unit Secures $250M Senior Secured Term Loan KRONOS ACQUISITION: Nuveen Floating Marks $3.6MM Loan at 14% Off LACKAWANNA ENERGY: S&P Assigns 'BB-' Rating on Senior Secured Debt LCPR LOAN: Nuveen Floating Marks $1.8MM Loan at 24% Off LH PROPERTY: Seeks Cash Collateral Access on Final Basis LLSSGG LLC: Seeks Chapter 11 Bankruptcy After Legal Dispute LONERO ENGINEERING: Amends Unsecureds & Secured Claims Pay M & M BUCKLEY: Court Extends Cash Collateral Access to Nov. 20 MAXEON SOLAR: Bin Zhou Appointed Non-Executive Director MEDICAL SOLUTIONS: Nuveen Floating Marks $5.2MM 1L Loan at 44% Off MERCER INTERNATIONAL: S&P Lowers ICR to 'B-' on High Debt Leverage MICHAELS COMPANIES: Nuveen Credit Marks $5MM Loan at 15% Off MJD GLOBAL: Case Summary & 20 Largest Unsecured Creditors MOD JEWELRY: U.S. Trustee Unable to Appoint Committee MOLINA VENTURES: Gets Another Approval to Access Cash Collateral MOTORMAX FINANCIAL: To Sell Residual Assets to Motors Acceptance MY JOB MATCHER: Oct. 27, 2025 Claims Filing Deadline Set NAPA FORD: To Sell Napa Property to MAS Fleet Financing for $17MM NASITRA LLC: Seeks Chapter 11 Bankruptcy in Texas NEW FORTRESS: Nuveen Floating Marks $2MM Loan at 53% Off NEW GRANT: Seeks Chapter 11 Bankruptcy in Georgia NEW GREATER GENERATION: Gets Final OK to Use Cash Collateral NEXT WARWICK: Seeks Chapter 7 Bankruptcy in New York NORTHRIVER MIDSTREAM: S&P Lowers LT ICR to 'BB-', Outlook Stable NORTHWEST OHIO: Gets Interim OK to Use Cash Collateral NOVA AT SUMMER: Seeks Chapter 11 Bankruptcy in North Carolina O & K ALEXANDER'S: Seeks Chapter 11 Bankruptcy in Illinois ODYSSEY MARINE: Investors Convert $3.53M Notes Into Common Stock OI SA: Foreign Representative Loses Bid to Dismiss Chapter 15 Cases OMNICARE LLC: Bankruptcy Delays $949MM Verdict Appeal OREGON TOOL: Nuveen Credit Marks $1.3MM Loan at 17% Off OREGON TOOL: Nuveen Floating Marks $2.1MM Loan at 17% Off PACT CHARTER SCHOOL: S&P Affirms 'BB' Rating on Lease Revenue Bond PARENT SUPPORT: Gets Interim OK to Use Cash Collateral PARTNERS PHARMACY: Committee Taps GlassRatner Advisory as Advisor PARTNERS PHARMACY: Committee Taps Norton Rose as Legal Counsel PC LEARNING: Gets OK to Use $59,106 in Cash Collateral POTOMAC ENERGY: S&P Assigns 'BB-' ICR, Outlook Stable PRESBYTERIAN HOMES: Cedar Creek Sale to Pikeville Assisted OK'd PRESTON CONSULTING: Case Summary & Nine Unsecured Creditors PRESTON CYCLES: Case Summary & 20 Largest Unsecured Creditors PRO MACH GROUP: S&P Rates Proposed Amend-And-Extend Term Loan 'B' PROJECT PIZZA POLK: Unsecureds to Get 6 Cents on Dollar in Plan PROPEL TRUCKING: Hires Bond Law Office as Legal Counsel PURDUE PHARMA: Baltimore City Asks Court to Reject Bankruptcy Plan RACKSPACE FINANCE: Nuveen Floating Marks $12.9MM 1L Loan at 48% Off RE/MAX LLC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR RENHURST HOLDINGS: Case Summary & 17 Unsecured Creditors REYNA HOSPITALITY: Gets OK to Use Cash Collateral Until Oct. 24 RICHMOND BELLY: Court Extends Cash Collateral Access to Oct. 31 RITE AID: Hilco Global to Hold Asset Auction on November 6 SASAS HOSPITALITY: Court Extends Cash Collateral Access to Oct. 30 SCANDIA SPA: Unsecureds to Recover Between 50% and 100% of Claims SHERLAND & FARRINGTON: Gets Extension to Access Cash Collateral SHILO INN BEND: Unsecureds to be Paid in Full over 5 Years SHILO INN OCEAN: Unsecureds to be Paid in Full over 5 Years SILVERROCK DEVELOPMENT: Defends $65MM Chapter 11 Sale Proposal SPIRIT AVIATION: Employs Morris Nichols Arsht as Conflicts Counsel SPIRIT AVIATION: Seeks to Hire FTI Consulting as Advisors SPIRIT AVIATION: Taps Ernst & Young for Audit and Tax Services SUITECCENTRIC LLC: Gets Final OK to Use Cash Collateral TACTICAL TOWING: Hires J.D. Graham P.C. as Bankruptcy Counsel TELESAT LLC: Nuveen Floating Marks $1.9MM Loan at 36% Off THUNDER SUN: Seeks Chapter 11 Bankruptcy in Texas TONIX PHARMACEUTICALS: Names Ganesh Kamath as Head of Market Access TR WELDING: Unsecured Creditors Will Get 3% of Claims in Plan TRACK BARN: Unsecured Creditors to Split $90K over 5 Years TRANSOCEAN LTD: Commences Private $500M Senior Notes Offering TRANSOCEAN LTD: Frederik Mohn, 2 Others Hold 10.1% Stake TURNONGREEN INC: Steven Caspi, SJC Lending Hold 6.2% Stake UMAPM HOLDING: Unsecureds Will Get 14% of Claims over 5 Years USA CRICKET: Hires Billion Law as Bankruptcy Counsel VDR MULTIFAMILY: Case Summary & 20 Largest Unsecured Creditors VIVIC CORP: Swings to $3.45 Million Net Loss for Fiscal 2025 VNS HOTELS: Seeks Cash Collateral Access WC PARADISE: Voluntary Chapter 11 Case Summary WEST CORP: Nuveen Credit Marks $1.9MM 2L Loan at 46% Off WEST CORP: Nuveen Floating Marks $8.7MM Loan at 15% Off WHITE-WILSON MEDICAL: Files for Chapter 11 to Restructure Debt WILDEC LLC: Seeks Chapter 11 Bankruptcy in Washington WOLFE-BLURTON: Committee Hires Cunningham as Appraiser WORKSPORT LTD: B2B Revenue Grows at 25% Monthly Geometric Rate YIELD10 BIOSCIENCE: Seeks Court Confirmation for Chapter 11 Plan ZENITH PROPERTY: Seeks Chapter 11 Bankruptcy in New York [] Canadians Face "Heat or Eat" Choices as Debt Strain Deepens [] Hilco Appoints New Execs to Lead GHA Turnaround Practice [] Trigild Names Chauvin Managing Partner to Lead Receiverships [] U.S. Chapter 7 Bankruptcies Up 15% Year-to-Date [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 20 S BROADWAY: Amends Unsecured Claims Pay Details -------------------------------------------------- Conventus LLC submitted a First Amended Disclosure Statement describing Plan of Liquidation for 20 S Broadway Owner LLC dated September 30, 2025. Conventus, a secured creditor of the Debtor's Estate and the Plan Proponent herein, is proposing a liquidating plan centered on the sale of the Debtor's primary asset, the real property located at 20 S. Broadway Nyack, New York 10960 (the "Property"). Under the Plan, Alex E. Tsionis, Esq. will be appointed as the plan administrator (the "Plan Administrator") and will be responsible for, among other things, prosecuting all Chapter 5 recoveries, if any, and overseeing the sale of the Property, which will be subject to higher and better offers at a public auction. Class 4 consists of Allowed General Unsecured Claims. As of the filing of this Disclosure Statement, General Unsecured Claims total $44,165,491.74. Allowed General Unsecured Claims shall be paid a Pro Rata distribution in accordance with the Carve Out to be provided by Conventus at closing of the sale of the Property, which Carve Out shall be the total sum of $200,000.00, but not more than their Allowed Claims, without interest. Payment to Class 4 Claimants shall be remitted on the Distribution Date. The Class 4 Claimants are impaired and are entitled to vote on the Plan. Class 5 consists of allowed Equity Interest Claims. In the event there are sufficient sale proceeds to pay all prior classes in full with statutory interest, Class 5 Claimants shall retain their existing pre-petition Equity Interests in the Debtor effective as of the Effective Date. In the event that there are insufficient sale proceeds for same, the Class 5 Claimants shall not retain their Equity Interests in the Debtor, their Equity Interests will be extinguished, and they are deemed to reject the Plan. Since it is highly unlikely that there will be any distributions to Allowed Equity Interest Claims, the Class 5 Claimants are impaired, are deemed to reject the Plan, and are not entitled to vote on the Plan. The Plan shall be funded by the proceeds from the sale of the Property. In the event that there are insufficient net sale proceeds, the Plan Proponent shall pay Allowed Administrative Claims, Priority Tax Claims, and United States Trustee's fees and will fund a distribution to General Unsecured Creditors in the amount of $200,000.00 in accordance with the Carve Out. A full-text copy of the First Amended Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=SgjFF2 from PacerMonitor.com at no charge. Counsel to Conventus LLC: Silverman Law PLLC Brett S. Silverman, Esq. 4 Terry Terrace Livingston, New Jersey 07039 Phone: 646.281.6008 Email: brett@getconciergelaw.com About 20 S Broadway Owner LLC 20 S Broadway Owner, LLC, is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). 20 S Broadway Owner, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-22155) on Feb. 28, 2024. In the petition filed by Isaac Hershko, managing agent, the Debtor reports assets of $1 million to $10 million and liabilities of $1 million to $10 million. Lester Korinman Kamran & Masini, P.C., is the Debtors' financial counsel. 91-40 WINCHESTER BLVD: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------------------- On October 1, 2025, 91-40 Winchester Blvd LLC initiated a voluntary Chapter 7 bankruptcy proceeding in the Eastern District of New York. Court filings show that the company holds between $0 and $100,000 in liabilities. The debtor estimates its creditor count between 1 and 49. About 91-40 Winchester Blvd LLC 91-40 Winchester Blvd LLC is a single asset real estate company. 91-40 Winchester Blvd LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No.25-44781) on October 1, 2025. In its petition, the Debtor reports estimated assets and liabilities up to $100,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. ACPRODUCTS INC: Nuveen Credit Marks $1.2MM Loan at 24% Off ---------------------------------------------------------- Nuveen Credit Strategies Income Fund (JQC) has marked its $1,279,554 loan extended to ACProducts, Inc. to market at $971,264 or 76% of the outstanding amount, according to Nuveen Credit's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JQC is a participant in a Term Loan B to ACProducts, Inc. The loan accrues interest at a rate of 8.807% per annum. The loan matures on May 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Credit Strategies Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About ACProducts, Inc. ACProducts, Inc. (also known as acpi) was a company that manufactured kitchen and bath cabinetry, which in 2020 merged with Masco Cabinetry to form the Cabinetworks Group. ACPRODUCTS INC: Nuveen Floating Marks $1.8MM Loan at 24% Off ------------------------------------------------------------ Nuveen Floating Rate Income Fund (JFR) has marked its $1,823,042 loan extended to ACProducts, Inc. to market at $1,523,292 or 76% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B to ACProducts, Inc. The loan accrues interest at a rate of 8.807% per annum. The loan matures on May 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, Il 60606 Telephone: (800) 257‑8787 About ACProducts, Inc. ACProducts, Inc. (also known as acpi) was a company that manufactured kitchen and bath cabinetry, which in 2020 merged with Masco Cabinetry to form the Cabinetworks Group. ADVANTAGE SALES: Nuveen Floating Marks $980,573 Loan at 22% Off --------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $980,573 loan extended to Advantage Sales & Marketing, Inc. to market at $767,568 or 78% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan to Advantage Sales & Marketing, Inc. The loan accrues interest at a rate of 8.797% per annum. The loan matures on October 28, 2027. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Advantage Sales & Marketing, Inc. Advantage Sales & Marketing provides outsourced sales and marketing services for consumer packaged goods, including retail merchandising and client events. AEROFAB INDUSTRIES: Employs Neeleman Law as Legal Counsel --------------------------------------------------------- Aerofab Industries, Inc. and Excell Aerofab, LLC seek approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Neeleman Law Group, P.C. to serve as their legal counsel. Neeleman Law Group will provide these services: (a) assist the Debtors in the investigation of the financial affairs of the estate; (b) provide legal advice and assistance to the Debtors with respect to matters relating to this case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under this case; and (d) perform all necessary legal services for the estate in relation to this case. Neeleman Law Group will charge $600 per hour for principals, $475 per hour for associates, and $250 per hour for paralegal services. Aerofab Industries, Inc. paid a retainer of $21,738, of which $1,738 was used for the Chapter 11 filing fee, $5,000 applied to prepetition services, and $15,000 is held in trust for post-petition services pending court order. Excell Aerofab, LLC paid a $1,738 retainer, fully applied to its filing fee. According to court filings, Neeleman Law Group and its attorneys do not hold or represent any interest adverse to the estates and are disinterested persons within the meaning of Section 101 of the Bankruptcy Code. The firm can be reached at: Thomas D. Neeleman, Esq. Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Aerofab Industries Inc. Aerofab Industries Inc. provides metal fabrication services, offering custom manufacturing, on-site installation, and emergency repair solutions for clients across the food, industrial, medical, and architectural sectors. The Company focuses on quality and timely delivery, supported by a management team with over 59 years of combined experience and a sales team with more than 65 years of combined experience. Aerofab Industries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12454) on September 3, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq., at Neeleman Law Group, P.C. AEROFAB INDUSTRIES: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Aerofab Industries, Inc. received final approval from the U.S. Bankruptcy Court for the Western District of Washington to use cash collateral to fund operations. The court's final order authorized the Debtor to use cash collateral to cover post-petition operating expenses in accordance with its budget. The Debtor may exceed the amounts set forth in the budget by as much as 15% without court approval. The Debtor projects total operational expenses of $134,518.38 for October and $134,614.57 for November. As adequate protection for the use of cash collateral, the court granted replacement liens to the U.S. Small Business Administration, Craft3, FC Marketplace (Funding Circle), and Fundamental Capital (Nexi Finance). These liens cover post-petition cash, accounts receivable, inventory, and proceeds, maintaining the same priority and validity as pre-petition liens, to the extent cash collateral is actually used. The Debtors' authority to use cash collateral continues until November 30 or earlier if certain conditions occur such as dismissal, conversion to Chapter 7, appointment of a trustee or examiner, confirmation of the plan, or modification of the order by the court. Additionally, the Debtors were authorized to remit $500 monthly to the trust account of Geoffrey Groshong for administrative fees beginning this month and continuing until plan confirmation. About Aerofab Industries Inc. Aerofab Industries Inc. provides metal fabrication services, offering custom manufacturing, on-site installation, and emergency repair solutions for clients across the food, industrial, medical, and architectural sectors. The Company focuses on quality and timely delivery, supported by a management team with over 59 years of combined experience and a sales team with more than 65 years of combined experience. Aerofab Industries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12454) on September 3, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq., at Neeleman Law Group, P.C. ALEON METALS: Court OKs Recycling Biz Sale to AM BidCo Holdings --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, has permitted Aleon Metals LLC and its affiliates, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Debtors are a leading recycler of spent catalysts used in petroleum refining, from which they extract vanadium, molybdenum, and other valuable metals with a variety of chemical and industrial applications. The Debtors' Assets consist primarily of (i) the recycling catalyst facility operated by Debtor Gladieux Metals Recycling, LLC, and related assets, and (ii) the property and assets held by Debtor Aleon Renewable Metals, LLC, including the electric arc furnace. The Court has authorized the Debtor to sell Assets to AM BidCo Holdings, LLC. The aggregate purchase price for the purchase, sale, assignment and conveyance of Sellers' respective right, title and interest in, to and under the Purchased Assets is consist of the following: (i) the credit bid in the amount of the Credit Bid Amount; (ii) an amount in cash equal to the Cash Consideration; and (iii) the assumption of the Assumed Liabilities, including payment of the Assumed Cure Costs. All objections to, or reservation of rights regarding, or other responses to the Motion or the relief requested therein, including, without limitation, the Asset Purchase Agreement (APA), the other Transaction Documents, the Sale Transaction, the entry of this Sale Order or the relief granted herein, any objections to Cure Costs or relating to the cure of any defaults under any of the Assigned Contracts or to the assumption and assignment of any of the Assigned Contracts by the Debtors to the Purchaser. The Notice of the Bidding Procedures, the Assumption and Assignment Procedures, the Sale Transaction, the assumption and assignment of the Assigned Contracts specified as of the date hereof to the Purchaser pursuant to the APA, the Cure Costs, the Sale Hearing, all deadlines related thereto, and the relief granted in this Sale Order was fair, sufficient, proper, adequate, appropriate, and equitable under the circumstances and complied in all respects. The Debtors and each of their respective directors, officers, employees, and agents are authorized, in accordance with the APA, to execute and deliver, and empowered to perform under, consummate, and implement the APA. The Purchaser shall assume and be liable for only those liabilities expressly assumed pursuant to the APA, which, for the avoidance of doubt, shall not include any Excluded Liabilities. Upon Closing, all defaults (monetary and non-monetary) and other obligations under the Assigned Contracts occurring, arising, or accruing prior to the assignment thereof to the Purchaser at Closing shall be deemed cured and satisfied in full by the payment of the proposed amount necessary. All counterparties to the Assigned Contracts shall cooperate and expeditiously execute and deliver, upon reasonable request of the Purchaser, and shall not charge the Debtors or the Purchaser for any instruments, applications, consents, or other documents that may be required or requested by any public authority or other party or entity to effectuate the applicable transfers in connection with the Sale. 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 by Matthew C. Zirzow, Esq. at LARSON & ZIRZOW, LLC. ALTMAN & NELSON: Hires The Lane Law as Legal Counsel ---------------------------------------------------- Altman & Nelson Printing Co. Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas, Victoria Division, to hire Robert C. Lane of The Lane Law Firm PLLC to serve as legal counsel in its Chapter 11 case. 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 assets and liabilities, investigating liens and claims, and participating in and reviewing any proposed asset sales or dispositions; (c) attend meetings and negotiate with secured creditors; (d) assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement; (e) take necessary action to protect and preserve the interests of the Debtor; (f) appear before the Court and other judicial bodies to protect the Debtor's interests; and (g) perform all other necessary legal services in these cases. Mr. Lane will receive an hourly rate of $595, while senior associate Joshua D. Gordon will bill at $550 per hour, Zach Casas at $500 per hour, Kyle Garza at $450 per hour, and bankruptcy paralegals at $250 per hour. According to court filings, The Lane Law Firm PLLC has received $32,500 from the Debtor as a retainer, of which $3,111.90 was applied to expenses and $18,482.50 to earned fees, leaving $10,905.60 in the firm's IOLTA account. The Lane Law Firm PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to the Debtor's application. The firm can be reached at: Robert C. Lane, Esq. Kyle K. Garza, Esq. THE LANE LAW FIRM PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 E-mail: notifications@lanelaw.com kyle.garza@lanelaw.com About Altman & Nelson Printing Co. Inc. Altman & Nelson Printing Co. Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-60091) on October 1, 2025. At the time of filing, the Debtor had estimated assets between $100,001 and $500,000 and liabilities between $500,001 and $1 million. Judge Christopher M. Lopez oversees the case. The Lane Law Firm PLLC is the Debtor's legal counsel through Robert C. Lane's representation. AMERICAN BOATHOUSE: Unsecureds to Split $23,500 over 3 Years ------------------------------------------------------------ American Boathouse Company LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Reorganization dated September 30, 2025. The Debtor is in the construction business and specializes in marine construction, including upgrades and new construction of docks, decking, seawalls, and boathouses for residential and commercial projects. The Debtor is a Florida limited liability company created by Articles of Organization filed with the Florida Secretary of State on or around July 16, 2012. The Debtor's principal place of business is located 7725 Pretty Lake Road, Clermont, FL 34714 ("Premises"), in which the Manager, Mark A. Willimas is the owner. The Debtor's projected disposable income is $23,408.00. Class 2 consists of the Allowed Unsecured Claims against the Debtor. This Class is Impaired. * Consensual Plan Treatment: The liquidation value or amount that unsecured creditors would receive in a hypothetical chapter 7 case is approximately $0.00. Accordingly, the Debtor proposes to pay unsecured creditors a pro rata portion of $23,500.00. The Reorganized Debtor shall pay said amount in equal quarterly payments of $1,958.33 and shall be disbursed pro rata to the holders of Allowed General Unsecured Claims. Payments shall commence on the fifteenth day of the month, on the first month that begins more than fourteen days after the Effective Date and shall continue quarterly for eleven additional quarters. Pursuant to Section 1191 of the Bankruptcy Code, the value to be distributed to unsecured creditors is greater than the Debtor's projected disposable income to be received in the 3-year period beginning on the date that the first payment is due under the plan. * Nonconsensual Plan Treatment: The liquidation value or amount that unsecured creditors would receive in a hypothetical chapter 7 case is approximately $0.00. Accordingly, Debtor proposes to pay unsecured creditors a pro rata portion of its projected Disposable Income, $23,408.00. If the Debtor remains in possession, plan payments shall include the Subchapter V Trustee's administrative fee which will be billed hourly at the Subchapter V Trustee's then current allowable blended rate. Plan Payments shall commence on the first month following the Effective Date, and shall continue quarterly for eleven additional quarters. The quarterly payment for the first four quarters shall be $1,570.25. The quarterly payments for the second four quarters shall be $1,718.00. The quarterly payments for the final four quarters shall be $2,563.75. Class 3 consists of any and all equity interests and warrants currently issued or authorized in the Debtor. This Class is Unimpaired. Holders of Class 3 interests shall retain their full equity interest in the same amounts, percentages, manner and structure as existed on the Petition Date. The Plan contemplates that the Reorganized Debtor will continue to operate the Debtor's business. Except as explicitly set forth in this Plan, all cash in excess of operating expenses generated from operation until the Effective Date will be used for Plan Payments or Plan implementation, cash on hand as of Confirmation shall be available for Administrative Expenses. A full-text copy of the Plan of Reorganization dated September 30, 2025 is available at https://urlcurt.com/u?l=yAE0zp from PacerMonitor.com at no charge. Counsel to the Debtor: Jeffrey S. Ainsworth, Esq. Cole Bailey Davidson Branson, Esq. BransonLaw, PLLC 1501 East Concord Street Orlando, FL 32803 Tel: (407) 894-6834 E-mail: jeff@bransonlaw.com E-mail: cole@bransonlaw.com About American Boathouse Company LLC American Boathouse Company, LLC is a Florida-based specialty contractor likely focused on constructing and installing boathouses and marine structures. American Boathouse Company sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04133) on July 3, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $100,000 and $500,000. Judge Grace E. Robson handles the case. The Debtor is represented by Robert B. Branson, Esq., at Bransonlaw PLLC. ANNALEE DOLLS: Court Extends Cash Collateral Access to Oct. 31 -------------------------------------------------------------- Annalee Dolls, LLC received another extension from the U.S. Bankruptcy Court for the District of New Hampshire to use cash collateral. The interim order penned by Judge Kimberly Bacher extended the Debtor's authority to use cash collateral from October 1 to 31 and authorized the Debtor to use up to $541,337.71 in cash collateral to pay the expenses set forth in its budget. The Debtor projects total operational expenses of $334,182.59 for October; $266,290.42 for November; and $647,867.25 for December. As protection for Customers Bank and other lienholders, the Debtor was ordered to maintain insurance policies, naming lienholders as mortgagees or loss payees. The Debtor was also ordered to grant the lienholders replacement liens, with the same priority, validity and enforceability as their pre-bankruptcy liens. Funds allocated for professional fees are held in a Debtor-in-Possession escrow account and may only be used for approved professional costs. The Debtor must file a further application for continued cash collateral use by October 15, including an updated budget and reconciliation of actual versus projected expenses. The next hearing is scheduled for October 29. Objections are due by October 24. About Annalee Dolls LLC Annalee Dolls, LLC is an American company known for its handcrafted felt dolls that embody holiday themes and whimsical charm. Founded in 1934, the business has become a staple of collectible Americana, with its headquarters and flagship store located in Meredith, New Hampshire. The company continues to attract visitors and collectors with its nostalgic products and scenic gift shop near Lake Winnipesaukee. Annalee Dolls sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.H. Case No. 25-10232) on April 11, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Kimberly Bacher handles the case. The Debtor is represented by: William S. Gannon, Esq. William S. Gannon PLLC Tel: 603-621-0833 bgannon@gannonlawfirm.com ANTHOLOGY INC: Unable to Maintain Growth Post-COVID Expansion ------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that educational technology company Anthology experienced rapid growth during the pandemic as remote learning demand surged. However, once the market stabilized, the company faced intensifying competition from established and emerging rivals who also expanded into the edtech space. Court filings show that Anthology struggled with operational inefficiencies, integration challenges, and mounting costs, which eroded its early gains. These internal and external pressures ultimately led the company into bankruptcy after it failed to adapt to post-pandemic market conditions. About Anthology Inc. Anthology Inc., headquartered in Boca Raton, Florida, provides education technology software and cloud-based services to higher-education institutions, governments, and businesses in more than 80 countries. Formed through the consolidation of Campus Management Corp., Campus Labs Inc., and iModules Software Inc., the Company offers platforms for teaching and learning, student information and enterprise planning, customer relationship management, and student success, along with tools for admissions, enrollment management, alumni engagement, and institutional effectiveness. It employs about 1,550 people in the United States and reported revenue of about $450 million in fiscal 2025. Anthology sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex.) on September 29, 2025. In the petitions signed by Heath C. Gray as chief restructuring officer, the Debtors disclose an estimated assets (on a consolidated basis) of $1 billion to $10 billion and estimated liabilities (on a consolidated basis) of $1 billion to $10 billion. The other affiliates are Blackboard Campuswide of Texas, Inc., OrgSync, Inc., Admissions US, LLC, Blackboard LLC, Blackboard Holdings, LLC, Blackboard Super Holdco, LLC, Edcentric Holdings, LLC, Astra Acquisition Corp., Astra Intermediate Holding Corp., Campus Management Acquisition Corp., Academic Management Systems, LLC, Edcentric Midco, Inc., Edcentric, Inc., Anthology Inc. of Missouri, Anthology Inc. of NY, ApplyYourself, Inc., AY Software Services, Inc., BB Acquisition Corp., BB Management LLC, Blackboard Collaborate Inc., Blackboard Student Services Inc., Blackboard Tennessee LLC, Higher One Real Estate SP, LLC, MyEdu Corporation, Blackboard International LLC, and Perceptis, LLC. Judge Alfredo R. Perez presides over the case. The Debtors' Local Bankruptcy & Conflicts Counsel is Charles A. Beckham, Jr., Esq., Arsalan Muhammad, Esq., Kourtney Lyda, Esq., and Re'Necia Sherald, Esq., at HAYNES AND BOONE, LLP, in Houston Texas; and Charles M. Jones II, Esq., at HAYNES AND BOONE, LLP, in Dallas, Texas. The Debtors' Bankruptcy Counsel is Chad J. Husnick, P.C., and Charles B. Sterrett, Esq., at KIRKLAND & ELLIS LLP and KIRKLAND & ELLIS INTERNATIONAL LLP, in Chicago, Illinois; and Melissa Mertz, Esq., at KIRKLAND & ELLIS LLP and KIRKLAND & ELLIS INTERNATIONAL LLP, in New York. The Debtors' Investments Banker is PJT PARTNERS LP. The Debtors' Restructuring Advisor is FTI CONSULTING, INC. The Debtors' Claims & Noticing Agent STRETTO INC. ARIZONA STATE: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Arizona State Masonry, LLC. About Arizona State Masonry LLC Arizona State Masonry LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-08405) on September 5, 2025. In the petition signed by Shannon Dean, member, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Daniel P. Collins oversees the case. Thomas H. Allen, Esq., at Allen, Jones & Giles, PLC, represents the Debtor as legal counsel. AUSTIN WATERJET: Claims to be Paid from Business Operations ----------------------------------------------------------- Austin Waterjet, Inc., filed with the U.S. Bankruptcy Court for the Western District of Texas a Plan of Reorganization under Subchapter V dated September 30, 2025. The Debtor was formed in 1997 under former ownership. In 2021, Frank Sklenka and David Squires acquired the Debtor and continued its operations. Historically, the Debtor has waterjet and laser cutting services for a wide variety of industries. The Debtor is wholly owned by STAGLA 222, LLC. STAGLA 222, LLC is wholly owned by STAGLA 111, LLC. STAGLA 111, LLC is owned equally by Frank Sklenka and David Squires. Prior to the Petition Date, the Debtor suffered from a reduction in revenue due to the effects of COVID-19, inflation, and a reduction in its customer base due to an industry shift to plastic components. Based on the plan projections, the Debtor's monthly disposable income, to be committed to the payment of claims is $240,000. This Plan of Reorganization under chapter 11 of the Bankruptcy Code proposes to pay creditors of the Debtor from the Debtor's future income. Treatment of Creditors' claims is determined by which class such claim belongs to. Claims have been classified below in accordance with section 1122 of the Code. Class 3 consists of Convenience Claims. The Convenience Claims shall be paid in full on the first Business Day of the first month after the occurrence of the Effective Date. This Class is impaired. Class 4 consists of General Unsecured Claims. The General Unsecured Claims shall be paid out of the Debtor's projected Disposable Income. This Class is impaired. Under section 1191 of the Bankruptcy Code, the Equity Interests shall be unaffected by the Plan. The Debtor will make all disbursements under the Plan from revenue generated by future business operations. A full-text copy of the Plan of Reorganization dated September 30, 2025 is available at https://urlcurt.com/u?l=HpBoVx from PacerMonitor.com at no charge. Counsel to the Debtor: Davor Rukavina, Esq. Jacob J. King, Esq. Munsch Hardt Kopf & Harr, P.C. 1717 W. 6th St., Ste. 250 Austin, TX 78703 Tel: (214) 855-7500 Email: drukavina@munsch.com jking@munsch.com About Austin Waterjet, Inc. Austin Waterjet, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11027) on July 2, 2025, listing up to $1 million in assets and up to $10 million in liabilities. David Squires, vice president and secretary of Austin Waterjet, signed the petition. Judge Shad Robinson oversees the case. Jacob J. King, Esq., at Munsch Hardt Kopf & Harr, PC, is the Debtor's legal counsel. Comerica Bank, as secured creditor, is represented by: Annmarie Chiarello, Esq. Winstead PC 500 Winstead Building 2728 N. Harwood Street Dallas, TX 75201 Telephone: (214) 745-5400 Facsimile: (214) 745-5390 E-mail: achiarello@winstead.com AVAYA INC: Nuveen Floating Marks $10MM Loan at 21% Off ------------------------------------------------------ Nuveen Floating Rate Income Fund (JFR) has marked its $10,091,255 loan extended to Avaya, Inc. to market at $7,939,698 or 79% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Exit Term Loan to Avaya, Inc. The loan accrues interest at a rate of 11.856% per annum. The loan matures on August 1, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Avaya, Inc. Avaya delivers smarter customer experiences, greater business efficiency, and lower costs through AI-powered communication and collaboration tools. BAUDAX BIO: Plan Exclusivity Period Extended to Oct. 14, 2025 ------------------------------------------------------------- Judge Ashely M. Chan of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania extended Baudax Bio, Inc.'s exclusive period to file a plan of reorganization and obtain acceptance thereof to October 14 and December 13, 2025, respectively. As shared by Troubled Company Reporter, the Debtor notes that cause for an additional extension of exclusivity exists because the company requires additional time to analyze the claims of ordinary and alleged administrative creditors, organize its creditors into appropriate classes, and craft a plan of reorganization that can accommodate various and previously unanticipated forms of monetizing the Debtor's intellectual property. The Debtor explains that it would be premature (at best), as well as a waste of time, effort and resources, including judicial resources, to require the Debtor to file a plan by August 15, 2025 to maintain its right to exclusivity. The Debtor claims that it should be afforded a full and fair opportunity to negotiate, propose, and seek acceptances of a confirmable plan of reorganization. The Debtor believes that the extension of the exclusive periods is warranted and appropriate under the circumstances and should be granted. Baudax Bio, Inc., is represented by: David B. Smith, Esq. Nicholas M. Engel, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road, Suite 300 Malvern, PA 19355 Telephone: (610) 407-7215 Facsimile: (610) 407-7218 Email: dsmith@skhlaw.com About Baudax Bio, Inc. Baudax Bio, Inc. is a biotechnology company focused on developing T cell receptor therapies utilizing human regulatory T cells, as well as a portfolio of clinical stage neuromuscular blocking agents and an associated reversal agent. Baudax Bio, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 24-10583) on February 22, 2024, listing up to $50,000 in assets and $10 million to $50 million in liabilities. The petition was signed by Gerri Henwood as chief executive officer. Judge Magdeline D. Coleman presides over the case. David B. Smith, Esq., at SMITH KANE HOLMAN, LLC, is the Debtor's counsel. BE PLASTICS: Seeks Subchapter V Bankruptcy in Texas --------------------------------------------------- On October 3, 2025, BE Plastics Inc. filed Chapter 11 protection in the Southern District of Texas. According to court filing, the Debtor reports $1,564,840 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About BE Plastics Inc. BE Plastics Inc. is a plastics trading and recycling company based in The Woodlands, Texas, with additional operations in Cleveland, Texas. The Company supplies polymer raw materials including polyethylene {PE), polypropylene (PP), polystyrene (PS), urea, and other resins sourced from the U.S. and the Middle East to manufacturers, converters, and major brands across domestic and international markets. It offers prime and non-prime resins, off grades, regrinds, and scrap in various forms and operates a Recycling and Innovation Center that processes post-consumer recycled materials and provides PCR content resin to help clients meet environmental regulations. BE Plastics Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-35842) on October 3, 2025. In its petition, the Debtor reports estimated total assets of $217,204 and total debts of $1,564,840. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Robert C. Lane, Esq. of THE LANE LAW FIRM BELL BUSINESS INVESTMENTS: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------------------ On October 7, 2025, Bell Business Investments LLC filed Chapter 11 protection in the Southern District of New York. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Bell Business Investments LLC Bell Business Investments LLC is a Brooklyn, New York-based single-asset real estate company with its primary property at 800 Bell Street in Houston, Texas. Bell Business Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.25-12220) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Philip Bentley handles the case. The Debtor is represented by Michael Paneth, Esq. of Treff & Lowy PLLC. BIG LOTS: Secures Court Approval for $6.5MM Exec Claims Deal ------------------------------------------------------------ Rick Archer of Law360 reports that on Thursday, October 9, 2025, a Delaware bankruptcy judge approved a $6.5 million settlement between Big Lots and its directors and officers, resolving unsecured creditors' allegations that the board mishandled the company’s attempted sale last year, 2024. The court granted approval after the parties revised the agreement to address objections raised by the U.S. Trustee's Office, the report states. About Big Lots Big Lots (NYSE: BIG) -- http://www.biglots.com/-- is one of the nation's largest closeout retailers focused on extreme value, delivering bargains on everything for the home, including furniture, decor, pantry and more. On Sept. 9, 2024, Big Lots, Inc. and each of its subsidiaries initiated voluntary Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 24-11967). The case is being administered by the Honorable J. Kate Stickles. Davis Polk & Wardwell LLP is serving as legal counsel, Guggenheim Securities, LLC is serving as financial advisor, AlixPartners LLP is serving as restructuring advisor, and A&G Real Estate Partners is serving as real estate advisor to the Company. Kroll is the claims agent. Kirkland & Ellis is serving as legal counsel to Nexus Capital Management LP. PNC Bank, National Association, the DIP ABL Agent and Prepetition ABL Agent, is represented by Choate, Hall & Stewart, LLP; and Blank Rome, LLP. 1903P Loan Agent, LLC, the DIP Term Agent, and the Prepetition Term Loan Agent are represented by Otterbourg, P.C. and Richards, Layton & Finger, P.A. BOKQUA LLC: Seeks Cash Collateral Access ---------------------------------------- Bokqua, LLC asks the U.S. Bankruptcy Court for the District of Colorado for authority to use cash collateral. The Debtor requires the use of cash collateral to continue operations, perform property maintenance, and conduct targeted repairs (estimated at $5,000–$20,000 per property) that will support asset preservation and maximize resale value during the reorganization process. The Debtor's request includes a proposed budget for operational expenditures and outlines specific adequate protection measures for secured creditors. These include granting replacement liens on post-petition rents and receivables, maintaining full insurance on the collateral, detailed monthly financial reporting, allowing inspections, and providing property-specific updates on rents and repairs. The Debtor filed for bankruptcy on July 31 following financial difficulties triggered by defaults on several loans, most notably with its primary lender, Genesis Capital, LLC. These challenges were compounded by a changing real estate market, forcing the Debtor to sell vacant properties at a loss, which further strained its liquidity and operational viability. Genesis Capital is the Debtor's largest secured creditor, owed approximately $70 million, which is secured by first-position liens on about 164 properties with a combined estimated value of over $81 million. The lender perfected its interest in rental income through a notice filed under 11 U.S.C. Section 546(b)(2), making those rents cash collateral. As of the bankruptcy filing, the Debtor was leasing 98 properties, generating monthly rental income of roughly $263,632. The Debtor also owns four properties not encumbered by Genesis: two are secured by GLS Solutions, LLC, and two by Toorak, with combined debts of approximately $2.38 million. The Debtor's estimated total property value is $83.6 million and it believes there is approximately $13 million in equity across its portfolio, though no formal appraisals have been conducted. Valuations are based on estimates from Zillow, Redfin, and similar platforms. Prior to the bankruptcy, the Debtor's properties were managed by Best Values Real Estate, a company owned by the Debtor's sole member, Boris Klein. BVRE centralized property management operations for efficiency but did not maintain separate financial accounts for the Debtor. Post-petition, Bokqua has established debtor-in-possession accounts and committed to segregating rental income moving forward. Genesis Capital, as secured lender, is represented by: Steven E. Abelman, Esq. Brownstein Hyatt Farber Schreck, LLP 675 15th Street, Suite 2900 Denver, CO 80202 Tel: (303) 223-1100 Fax: (303) 223-1111 sabelman@bhfs.com About Bokqua LLC Bokqua, LLC is a real estate investment company that owns and manages residential properties in the Denver metropolitan area. The Company operates in association with BVRE, a property management firm based in Denver, Colorado. Bokqua sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14846) on July 31, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and between $50 million and $100 million in liabilities. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jeffrey S. Brinen, Esq., at Kutner Brinen Dickey Riley, P.C. BOKQUA LLC: To Sell Aurora Property to N. Salas Nunez & A. Cruz --------------------------------------------------------------- Bokqua LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to sell Property located at 3735 S. Lewiston Street, Aurora, Colorado 80013, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Colorado limited liability company that owns and leases real property comprised of single family homes and condominium properties in Colorado. As of the Petition Date, the Debtor held approximately 160 properties. The 3735 S. Lewiston Property is among the properties owned and managed by the Debtor, and is comprised of improved real property with a single family residence. The Debtor had negotiated an agreement with one of its secured creditors, Toorak, pursuant to which the Debtor was required to list and sell certain of its properties, including the 3735 S. Lewiston Property. The Debtor enters into a Contract to Buy and Sell Real Estate and any amendments for the sale of the Property to Nora Salas Nunez and Alberto Hernandez Cruz ,and the purchase price is $480,000. The Buyers need to close on the 3735 S. Lewiston Property by October 9, 2025. The 3735 S. Lewiston Property is subject to a first position deed of trust in favor of Toorak, which secures a debt to Toorak in the amount of approximately $514,573.90 as of the Closing Date. The sole party with an interest in the 3735 S. Lewiston Property is Toorak, who has consented to the sale of the 3735 S. Lewiston Property. The Debtor is marketing and selling the 3735 S. Lewiston Property through a licensed Colorado broker. The sale is the product of an arms-length transaction as a result of the broker’s marketing efforts. The anticipated sale price is reasonable. The Debtor is seeking approval of the sale for $480,000, which is fair based on the current market environment. The Buyer is proceeding in good faith in an arm’s length transaction. The Buyer is purchasing the 3735 S. Lewiston Property for at least fair market value and is the product of arm's length negotiations between the parties. Any prospective buyer will therefore be proceeding in good faith. The Debtor further requests that the sale of the 3735 S. Lewiston Property be free and clear of all liens, claims, and encumbrances. About Bokqua LLC Bokqua LLC is a real estate investment company that owns and manages residential properties in the Denver metropolitan area. The Company operates in association with BVRE, a property management firm based in Denver, Colorado. Bokqua LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14846) on July 31, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jeffrey S. Brinen, Esq. at KUTNER BRINEN DICKEY RILEY. BOSQUE BREWING: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Bosque Brewing Co., LLC, a New Mexico limited liability Restoration Pizza The Drinkery 3800 Rutledge Rd NE Albuquerque, NM 87109-4573 Business Description: Bosque Brewing Co., LLC, doing business as Restoration Pizza and The Drinkery, operates as a craft brewery and hospitality company based in Albuquerque, New Mexico. The Company produces and sells a range of craft beers at its brewery and taproom while also offering dining experiences through Restoration Pizza and a 21+ beverage-focused environment at The Drinkery. It serves the Albuquerque area with a focus on local community engagement and multiple on-site operations. Chapter 11 Petition Date: October 6, 2025 Court: United States Bankruptcy Court District of New Mexico Case No.: 25-11236 Judge: Hon. Robert H. Jacobvitz Debtor's Counsel: Chris Gatton, Esq. GATTON & ASSOCIATES, P.C. 10400 Academy NE Suite 350 Albuquerque, NM 87111 Tel: (505) 271-1053 E-mail: chris@gattonlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Gabriel Jensen as managing member and CEO. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SDUYVQI/Bosque_Brewing_Co_LLC_a_New_Mexico__nmbke-25-11236__0001.0.pdf?mcid=tGE4TAMA BOUNDLESS BROADBAND: Plan Exclusivity Period Extended to Dec. 30 ---------------------------------------------------------------- Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware extended Boundless Broadband, LLC and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to December 30, 2025 and February 23, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that having closed on the sale of substantially all their assets a few days before filing this Motion, the Debtors are now able to pivot from focusing on the successful sales of substantially all the Debtors' assets to (i) monetizing the Debtors' remaining assets and (ii) determining the best path forward in the Debtors' cases. As a result of the procedural posture of these cases, the Debtors submit that no party in interest is able or ready to submit a plan for these chapter 11 cases, and the Debtors should be provided sufficient time to develop a chapter 11 plan, as necessary and appropriate, that be best for the Debtors' estates and their creditors. The Debtors claim that the extension request is reasonable and consistent with the efficient prosecution of these chapter 11 cases because it will provide the Debtors with additional time to consider important issues, negotiate, draft and finalize a plan, and solicit acceptances. Allowing the Exclusive Periods to lapse now would defeat the purpose of section 1121 and deprive the Debtors and their creditors of the benefit of a meaningful and reasonable opportunity to negotiate a consensual plan. The Debtors assert that they need additional time to pivot from the postpetition sale process and focus on monetizing the Debtors' remaining assets and determining the best path forward for the Debtors' estates and creditors. The requested extensions of the Exclusive Periods will provide the Debtors with the time needed to address these issues and thereby permit the Debtors to focus on both resolving such issues in a manner that best serves their estates and creditors and establishing a framework for a viable path forward without the distraction of a looming exclusivity deadline. The Debtors do not believe that the requested extension of the Exclusive Periods will harm the Debtors' creditors or other parties in interest. On the contrary, the Debtors have conducted these cases in an efficient manner, for the benefit of the estates and the Debtors' creditors and other parties in interest. This is the Debtors' first motion to extend the Exclusive Periods. The Debtors are not seeking this extension to prejudice their creditors or to otherwise pressure creditors to submit to reorganization demands. Counsel to the Debtors: Evan T. Miller, Esq. Monique B. DiSabatino, Esq. Paige N. Topper, Esq. Saul Ewing LLP 1201 N. Market Street, Suite 2300 Wilmington, DE 19801 Tel: (302) 421-6800 Email: evan.miller@saul.com monique.disabatino@saul.com paige.topper@saul.com - and - Lindsay Zahradka Milne, Esq. Verrill Dana LLP One Portland Square, 10th Floor Portland, ME 04101 Telephone: (207) 774-4000 Email: lmilne@verrill-law.com About Boundless Broadband Boundless Broadband, LLC and two of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-10948) on May 29, 2025. In its petition, Boundless Broadband disclosed up to $50,000 million in both estimated assets and liabilities. The Honorable Bankruptcy Judge Brendan Linehan Shannon handles the cases. The Debtors tapped Saul Ewing LLC and Verrill Dana LLP as counsel and Alastar Partners, LLC as restructuring advisor. The Debtors' claims and noticing agent is Omni Agent Solutions, Inc. BROWN & BROWN: Amends Unsecured Claims Pay Details -------------------------------------------------- Brown & Brown Resources, Inc. d/b/a Home Nursing & Therapy Services ("HNTS") submitted an Amended Disclosure Statement describing Plan of Reorganization dated September 30, 2025. The company has made measurable progress in regaining control over cash flow, operations, and revenue cycle management, despite the difficulties. Since August 2025, HNTS has been executing a focused operational recovery plan. The Debtor's pro forma financial projections assume restoration of skilled revenue to $350,000 per month, stabilisation of long-term care revenue at $160,000 per month, resolution of the QA backlog, and implementation of a structured cost containment strategy. The October 2025 payroll has been explicitly adjusted for a three payroll month, and additional months will be updated in the forecast as dates are finalized. The Class 7 claims consist of the claims of unsecured creditors which existed prior to confirmation. The unsecured claims consist of the claims scheduled on the Debtor's Schedules (Schedule F) filed with the Court, and as amended, and are estimated to be in the approximate amount of $2,509,757.33 (including the general unsecured claim of the Internal Revenue Service in the amount of $548.42. The Class 7 creditors are to be paid through quarterly installments based upon a seventy percent of the quarterly net income. The Debtor is proposing to retain 30% of the net income to assist it with future operations, employee retention, upgrading future services and projected industry changes. The quarterly payments to Class 7 creditors are to be made on a pro rata basis. The first three-month period begins on the first day of the month following the Effective Date of the Plan and the payments to Class 7 creditors are to.be made within thirty days from the end of each three-month period. The estimated payout to Class 7 creditors is based upon a four-year payout. Based upon the projected amount of Class 7 unsecured creditors, the projected payout is approximately thirty percent of the Class 7 claims. The payment percentage could increase based upon the amount of Class 7 creditors who elect to receive the six percent lump sum payment. As an alternative to the repayment provisions to unsecured creditors (Class 7), an unsecured creditor with an allowed Class 7 claim may elect to receive a one time lump sum cash distribution in an amount equal to six percent of the respective Class 7 creditor's allowed claim. The lump sum payment is due within one hundred eighty days of the Effective Date of the Plan and is in full settlement of the Class 7 creditor's allowed unsecured claim. Along with any applicable payment, the Debtor will provide creditors with information regarding the respective pro-rata distributions to Class 7 creditors. The Class 8 claimants, the Debtor's Shareholders will retain all ownership rights as the stockholders, subject to the terms contained herein. The Debtor is owned 100% by Eduardo J. Guimbarda. The Plan is feasible as a result of the income to be generated from the operation of the Debtor's business. The operation of the business appears to generate sufficient income to service the debts of the Debtor, including the Plan payments proposed herein, for the foreseeable future. A full-text copy of the Amended Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=Sp2Weo from PacerMonitor.com at no charge. Counsel to the Debtor: William R. Davis, Jr., Esq. Langley & Banack, Inc. 745 E. Mulberry, Suite 700 San Antonio, TX 78212 Telephone: (210) 736-6600 Email: wrdavis@langeybanack.com About Brown & Brown Resources Brown & Brown Resources, Inc., operating as Home Nursing & Therapy Services, is a home health care provider specializing in delivering nursing and therapy services to individuals in need of in-home care. Brown & Brown Resources sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 25-50501) on March 17, 2025, listing $2,128,167 in assets and $3,848,513 in liabilities. Eduardo J. Guimbarda, president of Brown & Brown Resources, signed the petition. Judge Michael M Parker oversees the case. William R. Davis, Jr., at Langley & Banack, Inc., is the Debtor's legal counsel. C & P AUTO: Case Summary & 15 Unsecured Creditors ------------------------------------------------- Debtor: C & P Auto Service Center, Inc. d/b/a Weber Swift Car Care 20700 Caton Farm Rd. Crest Hill, IL 60403 Business Description: C & P Auto Service Center, Inc., operating under the trade name Weber Swift Car Care, provides automotive repair and maintenance services, including tire sales, routine maintenance, diagnostics, and general auto repairs. Chapter 11 Petition Date: October 2, 2025 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 25-15215 Judge: Hon. Janet S Baer Debtor's Counsel: David P. Lloyd, Esq. DAVID P. LLOYD, LTD. 615B S. LaGrange Rd. La Grange, IL 60525 Tel: 708-937-1264 Fax: 708-937-1265 Email: courtdocs@davidlloydlaw.com Total Assets: $10,600 Total Liabilities: $1,717,076 The petition was signed by Jesus Sanchez as president. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/55QO42A/C__P_Auto_Service_Center_Inc__ilnbke-25-15215__0001.0.pdf?mcid=tGE4TAMA CAPITAL DISTRICT: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------ Capital District Interventional Spine and Rehabilitation, PLLC asks the U.S. Bankruptcy Court for the Northern District of New York for authority to use cash collateral and provide adequate protection. The Debtor requests court authorization to (1) use its cash collateral on an interim basis, (2) provide adequate protection to pre-petition secured creditors, and (3) schedule further hearings to consider a final order approving continued use of cash collateral. The Debtor has no unencumbered cash on hand, as all of its existing funds are subject to secured claims by creditors including Cadence Bank, Mauch Chunk Trust Co. (Mauch), and Bankers Healthcare Group (BHG), based on UCC filings. Without access to this collateralized cash, the Debtor would be unable to pay essential post-petition expenses such as wages, insurance, and utilities, which would jeopardize its operations, hinder collections of accounts receivable, and irreparably harm the estate and its creditors. To address these urgent needs and preserve value, the Debtor proposes using cash collateral in accordance with a detailed budget through October 18. As adequate protection for the secured creditors, the Debtor offers to continue making monthly payments aligned with pre-petition contractual obligations: $2,369.24 to Cadence Bank, $1,916.98 to Mauch/BHG, and $2,409.27 to BHG. The Debtor asserts that continued business operations will further protect creditor interests by maintaining going-concern value, which is believed to exceed liquidation value. About Capital District Interventional Spine and Rehabilitation Capital District Interventional Spine and Rehabilitation, PLLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. N.Y. Case No. 25-11140-1) on September 30, 2025. In the petition signed by Syed Hassan, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Michael Boyle, Esq., at Boyle Legal LLC, represents the Debtor as legal counsel. CAREERBUILDER + MONSTER: Represented by Latham in Confirmed Plan ---------------------------------------------------------------- On October 7, 2025, CareerBuilder + Monster, a global talent marketplace and workforce solutions leader, confirmed its Chapter 11 plan in the U.S. Bankruptcy Court for the District of Delaware. The confirmed Chapter 11 plan was fully consensual. Latham & Watkins LLP represents CareerBuilder + Monster in the process with a restructuring & special situations team led by partners Ray C. Schrock and Candace M. Arthur, with associates Jonathan Gordon, Allie Lisner, Alex McKenzie, John Zhang, and Montana Licari. About CareerBuilder + Monster Venture About Zen JV LLC Zen JV, LLC, operates online employment platforms and related digital media services through brands such as CareerBuilder, Monster, Fastweb, and Military.com. The Company also provides human capital software solutions to government agencies via Monster Government Services. On June 24, 2025, Zen JV, LLC and 9 affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 25-11195) with deals to sell key assets to three parties. Latham & Watkins LLP and Richards, Layton & Finger, P.A., are counsel to the Debtors. AlixPartners, LLP, is the Debtors' financial advisor, and PJT Partners LP is the investment banker. Omni Agent Solutions is the claims agent. Duane Morris LLP is advising buyer JobGet. Stoel Rives LLP is advising purchaser Valnet. Proskauer Rose LLP is advising purchaser Valsoft. CENTURY FINANCIAL: Secured Party Sets Auction --------------------------------------------- Craig K. Williams, Esq., as agent for KS Statebank ("secured party") will sell a collateral on Oct. 7, 2025, at 1:30 p.m. Arizona Time at the Law Offices of Snell & Wilmer LLP, One East Washington, Suite 2700, Phoenix, Arizona 85004. Each bidder is further hereby notified and advised that certain of the collateral constitutes voting securities ("BHC Stock") of Century Financial Services Corporation ("CFSC"). The BHC stock has been pledged as collateral for a debt previously contracted in good faith, and as a result is subject to certain regulatory requirements and restrictions. The Secured Party will make the first credit bid at public sale, and such bid will include all principal, interest, default interest, late charges, fees and costs, which credit bid consists of (i) loan No. 3023835, $26,792,203.53, with a per diem of $9,105 and (ii) loan No. 3023892, $11,948,988.95, with per diem of $4,020, as of the date the notice. Unless and until the Secured Party is the successful bidder, all interest, default interest, fees and costs will continue to accrue and be added and included in any credit of the Secured Party until the full credit bid amount including app principal, interest, default interest, late charges, fees and costs are fully paid under any circumstances. In order to qualify to bid at the public sale, each person must qualify with agent on or before the sale date by providing its name, address, phone number and a $5,000,000 deposit in cash to be held by the Secured Party. Century Financial Services Corporation operates as a bank holding company for Century Bank and Trust that provides a range of financial and trust services. CITY BREWING: Nuveen Floating Marks $1.2MM Loan at 73% Off ---------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $1,257,928 loan extended to City Brewing Company, LLC to market at $345,930 or 27% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a First Out New Money Term Loan to City Brewing Company, LLC. The loan accrues interest at a rate of 10.506% per annum. The loan matures on April 5, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About City Brewing Company, LLC City Brewing is a full-service beverage producer and the largest co-manufacturer in the US. CITY BREWING: Nuveen Floating Marks $3.2MM Loan at 72% Off ---------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $3,291,752 loan extended to City Brewing Company, LLC to market at $905,232 or 28% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a FLFO Roll Up Term Loan to City Brewing Company, LLC. The loan accrues interest at a rate of 8.018% per annum. The loan matures on April 5, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About City Brewing Company, LLC City Brewing is a full-service beverage producer and the largest co-manufacturer in the US. CITY MASSAGE: Employs Aaronson Schantz as Legal Counsel ------------------------------------------------------- City Massage LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Tamara D. McKeown of Aaronson Schantz Beiley P.A. to serve as legal counsel in its Chapter 11 (Subchapter V) case. Ms. McKeown will provide these services: (a) give advice to the Debtor with respect to its powers and duties as a Subchapter V Debtor-in-Possession 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 motions, pleadings, orders, applications, adversary proceedings, and other 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 negotiations with its creditors in the preparation of a plan. The Debtor requests that the employment be approved retroactive to the Petition Date on a general retainer, pursuant to 11 U.S.C. Section 327 and 330. According to court filings, Ms. McKeown and Aaronson Schantz Beiley P.A. are "disinterested persons" as required by Section 327(a) of the Bankruptcy Code. The firm can be reached at: Tamara D. McKeown, Esq. AARONSON SCHANTZ BEILEY P.A. One Biscayne Tower, Suite 3450 2 South Biscayne Boulevard Miami, FL 33131 Telephone: (786) 594-3000 Facsimile: (305) 579-9073 E-mail: tmckeown@aspalaw.com About City Massage City Massage, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20791) on September 16, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge Corali Lopez-Castro presides over the case. Tamara D. McKeown, Esq., represents the Debtor as legal counsel. CIUDAD DEPORTIVA: Taps Hector Eduardo Pedrosa-Luna as Counsel ------------------------------------------------------------- Ciudad Deportiva Roberto Clemente, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Hector Eduardo Pedrosa-Luna of The Law Offices of Hector Eduardo Pedrosa Luna to serve as legal counsel in its Chapter 11 case. The firm will provide these services: (a) prepare bankruptcy schedules, pleadings, applications and conduct examinations incidental to any related proceedings or to the administration of the case; (b) develop the relationship of the status of the Debtor to the claims of creditors; (c) advise the Debtor of its rights, duties, and obligations as Debtor operating under Chapter 11 of the Bankruptcy Code; (d) take any and all necessary action incident to the proper preservation and administration of this Chapter 11 case; and (e) advise and assist the Debtor in the formation and preservation of a plan pursuant to Chapter 11 of the Bankruptcy Code, the disclosure statement, and all related matters. Mr. Pedrosa-Luna shall receive compensation at an hourly rate of $175, subject to court approval under 11 U.S.C. Section 503 and FRBP 2014. A retainer of $7,000 has been paid, consisting of $3,000 from the Debtor's President, Mr. Luis Roberto Clemente Zabala, and $4,000 from 21 In Right, Inc. The Law Offices of Hector Eduardo Pedrosa Luna 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: Hector Eduardo Pedrosa-Luna, Esq. The Law Offices of Hector Eduardo Pedrosa Luna 33 Calle Bolivia, Suite 500 San Juan, PR 00917 Mailing Address: P.O. Box 9023963 San Juan, PR 00902-3963 Telephone: (787) 920-7983 Facsimile: (787) 754-1109 E-mail: hectorpedrosa@gmail.com About Ciudad Deportiva Roberto Clemente Inc. Ciudad Deportiva Roberto Clemente Inc. operates in the sports and recreation industry from its base in Carolina, Puerto Rico, where it was established to develop and manage athletic and educational facilities for youth and the community. The nonprofit entity was created to oversee a large-scale sports complex known as Sports City, intended to provide baseball fields, courts, swimming pools, and training areas. It reports business activity under the classification of "Other Amusement and Recreation Industries" and maintains limited operations tied to sports, education, and recreational services. Ciudad Deportiva Roberto Clemente Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-04345) on September 27, 2025. In its petition, the Debtor reports estimated estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Enrique S. Lamoutte Inclan handles the case. The Debtor is represented by Hector Eduardo Pedrosa Luna, Esq. ofTHE LAW OFFICES OF HECTOR EDUARDO PEDROSA LUNA. CK BUILDERS: To Sell San Antonio Properties to NR Elias Holdings ---------------------------------------------------------------- CK Builders LLC seeks permission from the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, to sell Property free and clear of liens, claims, and encumbrances. The Property to be sold is the real property and improved described as Copperhead and 5407 Copperhead, San Antonio, Texas. The two properties (with mobile homes) are in need of repair. As a result, they are not rented and costing the estate money for insurance, maintenance and taxes, while the condition of the properties are deteriorating. The real properties are both subject to a Deed of Trust lien to Citizens State Bank, with a claim in the amount of $616,744.44. The Bexas Appraisal District values the real property in the following amounts: 5403 Copperhead ($6,1000.00) and 5407 Copperhead ($83,000.00) for 2025. The Debtor has been unable to lease the real properties due to their declining condition. The real property needs repairs that the Debtor does not have funds to undertake. The Debtor believes that the proposed sale of the Property to NR Elias Holdings LLC for the cash sales price of $62,500.00 represents a fair price for the property. The sale is a cash sale and not subject to financing requirements. The Sale is scheduled to close on or before November 18, 2025. The Debtor has had several prior offers on the property for less amounts, all of those offers failed to close. The Debtor believes that the proposed sale of the real property generates a reasonable value based upon the asset proposed to be sold and its marketability/condition under the circumstances of the case. The Debtor will use the proceeds to pay down its debt to Citizens State Bank, which will assist the Debtor with confirming its Subchapter V Plan. The ad valorem taxes to Bexar County will be paid in full from the sales proceeds. The Debtor requests that the sale of the Property to NR Elias be free and clear of all liens, claims, and encumbrances. About CK Builders LLC CK Builders, LLC provides home improvement and general contracting services in the Pipe Creek and San Antonio areas of Texas. The Company holds a home improvement contractor license and has completed various residential remodeling and repair projects. CK Builders sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-51458) on June 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and up to $50,000 in liabilities. Judge Craig A. Gargotta handles the case. The Debtor is represented by William R. Davis, Jr., at Langley & Banack, Inc. COMMUNITY HEALTH: Retiring CEO Joins CHSPSC as Consultant --------------------------------------------------------- Community Health Systems, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that CHSPSC, LLC, a wholly-owned subsidiary of the Company, entered into a consultancy agreement with Tim L. Hingtgen, the Company's retiring Chief Executive Officer. As previously disclosed in a Current Report on Form 8-K filed by the Company on July 23, 2025, Mr. Hingtgen is retiring as a director and executive officer of the Company effective September 30, 2025. Pursuant to the Consulting Agreement, Mr. Hingtgen will advise the Company's management team on healthcare operations and strategy and other assignments as requested by Kevin J. Hammons, Interim Chief Executive Officer and/or his designee. The term of the Consulting Agreement will be October 1, 2025 to September 30, 2026. During the term of the Consulting Agreement, Mr. Hingtgen will be entitled to receive consulting fees of $33,333.33 per month and will be subject to certain restrictions on competing, solicitation and conflicts of interest with CHSPSC, LLC or its affiliates. About Community Health Systems Inc. Community Health Systems, Inc. -- http://www.chs.net/-- is a publicly traded hospital company and an operator of general acute care hospitals in communities across the country. Its affiliates provide healthcare services, developing and operating healthcare delivery systems in 40 distinct markets across 15 states. As of June 30, 2025, the Company had $13.64 billion in total assets, $14.73 billion in total liabilities, and $1.41 billion in total stockholders' deficit. * * * Egan-Jones Ratings Company on January 23, 2025, maintained its 'CCC+' foreign currency and local currency senior unsecured ratings on debt issued by Community Health Systems, Inc. CONAIR HOLDINGS: Nuveen Credit Marks $703,346 Loan at 26% Off ------------------------------------------------------------- Nuveen Credit Strategies Income Fund (JQC) has marked its $703,346 loan extended to Conair Holdings, LLC to market at $523,114 or 74% of the outstanding amount, according to Nuveen Credit's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JQC is a participant in a Term Loan B to Conair Holdings, LLC. The loan accrues interest at a rate of 8.221% per annum. The loan matures on May 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Credit Strategies Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Conair Holdings, LLC Conair Holdings LLC operates as a holding company. The Company, through its subsidiaries, provides personal care products such as hair dryers, air brushes, flat irons, hot rollers, wavers, facial rollers and trimmer, eye masks, mask applicators, shaver, wand massager, and other beauty products with delivery services. Conair Holdings serves customers worldwide. CONAIR HOLDINGS: Nuveen Floating Marks $1.2MM Loan at 26% Off ------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $1,203,747 loan extended to Conair Holdings, LLC to market at $895,287 or 74% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B to Conair Holdings, LLC. The loan accrues interest at a rate of 8.221% per annum. The loan matures on May 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, Il 60606 Telephone: (800) 257‑8787 About Conair Holdings, LLC Conair Holdings, LLC is the entity that owns and operates the consumer products company, Conair Corporation, a well-known manufacturer of personal care and home appliances like hair dryers and curling irons. CONSOLIDATED APPAREL: Gets Extension to Access Cash Collateral -------------------------------------------------------------- Consolidated Apparel, Inc. received another extension from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The fourth interim order signed by Judge Mindy Mora authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; 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 lenders. This authorization will continue until further order of the court. The budget shows total operational expenses of $57,115.00 for October; $57,115.00 for November and $57,115.00 for December. Lenders including Wells Fargo Bank, CHTD Company, and Credibly of Arizona, LLC were granted perfected post-petition liens on the cash collateral, with the same validity, priority and extent as their pre-bankruptcy liens. The replacement liens are junior to the fees of the Office of the U.S. Trustee, court costs, and the fees and expenses awarded by the court to estate professionals. As additional protection, the Debtor was ordered to keep its property insured in accordance with its loan agreements with the secured creditors. The next hearing is scheduled for December 9. About Consolidated Apparel Inc. Consolidated Apparel Inc., operating as Native Outfitters and MTO Wear, Consolidated Apparel, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14604) on April 25, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Craig I. Kelley, Esq. CORPORATE AIR: Gets Interim OK to Obtain DIP Loan From Vantage ACG ------------------------------------------------------------------ Corporate Air, LLC and affiliates received interim approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to obtain debtor-in-possession financing to get through bankruptcy. The interim order, signed by Judge John Melaragno, authorized the Debtors to obtain an initial $1.5 million from Vantage ACG, LLC and lenders, which have committed to provide $4.5 million to fund working capital, restructuring expenses, and sale-related costs. The DIP facility is structured as a superpriority secured loan, subordinate only to existing liens held by pre-bankruptcy senior secured lenders, Huntington National Bank and the U.S. Small Business Administration. The Debtors are required to comply with these milestones: 1. File motion setting bar dates -- No later than three business days following the petition date. 2. Entry of interim DIP order -- No later than 3 calendar days following the petition date. 3. File plan, disclosure statement and motion seeking entry of an order approving the disclosure statement -- No later than 10 calendar days following the petition date. 4. Entry of final DIP order -- No later than 30 calendar days following the petition date. 5. Entry of acceptable disclosure statement order -- No later than 40 calendar days following the petition date. 6. Entry of confirmation order -- No later than 75 calendar days following the petition date. 7. Effective date of plan -- No later than 90 calendar days following the petition date. The DIP lenders will be provided with adequate protection in the form of superpriority claims and post-petition security interests in and liens on all real and personal property of the Debtors whether they were acquired before or after the petition date. Use of Cash Collateral The interim order also authorized the Debtors to use the cash collateral of Huntington and the SBA. These senior secured lenders will be granted superpriority administrative expense claims and post-petition replacement liens on assets securing the DIP loan (excluding proceeds from avoidance actions), subject and subordinate to the fee carveout. The interim DIP order is available at https://is.gd/5F6uof from PacerMonitor. The bankruptcy court will hold the final hearing on October 22. The deadline for filing objections is on October 20. The Debtors' financial troubles began in 2023 after losing key managed aircraft customers, resulting in a 50% drop in revenue and a ripple effect across related business lines. This, combined with rising operational costs, left the Debtors in a dire liquidity crisis. Despite efforts to reduce costs and secure funding, the Debtors' financial situation continued to deteriorate, eventually threatening the termination of their ground leases by the Allegheny County Airport Authority. Vantage intervened pre-petition with bridge financing, operational support, and a cure of the lease defaults, thereby preventing a collapse of the Debtors' operations. This support laid the foundation for a proposed restructuring plan in which Vantage would acquire substantially all the Debtors' assets through a court-approved sale process. The Debtors entered into a restructuring support agreement and asset purchase agreement with Vantage, and the Airport Authority approved assignment of the ground leases to Vantage on September 19. Vantage ACG, as DIP lender, is represented by: Jake A. Rauchberg, Esq. Lowenstein Sandler, LLP 1251 Avenue of the Americas, 17th Floor New York, NY 10020 Phone: (212) 419-5923 jrauchberg@lowenstein.com Huntington, as senior secured lender, is represented by: John O'Keefe, Jr., Esq. Metz Lewis Brodman Must O'Keefe, LLC 444 Liberty Avenue, Suite 2100 Pittsburgh PA 15222 Phone: 412-918-1133 / 412-918-1100 Fax: 412-918-1199 jokeefe@metzlewis.com About Corporate Air LLC Corporate Air, LLC provide flight training, aircraft rental (including charter services), maintenance, and Fixed-Base Operator services in Pennsylvania and Colorado, operating facilities that support charter flights, pilot training, and related airport operations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Court (Bankr. W.D. Pa. Lead Case No. 25-22602) on September 29, 2025. In the petition signed by David Nolletti, chief restructuring officer, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge John C. Melaragno oversees the case. The Debtors tapped Domenic E. Pacitti, Esq., and Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg, LLP as general bankruptcy counsel; Kevin Douglass, Esq., at Babst, Calland, Clements and Zomnir, P.C., as co-bankruptcy counsel; Riveron Management Services, LLC as financial advisor; and Omni Agent Solutions, Inc. as noticing, claims, and solicitation agent. CORVIAS CAMPUS: Submits Chapter 11 Plan w/ Sale of Buildings ------------------------------------------------------------ Vince Sullivan of Law360 Bankruptcy Authority reports that bankrupt dormitory operator Corvias Campus Living-USG LLC has filed a Chapter 11 plan proposing the sale of its student housing properties to the University System of Georgia's Board of Regents for $208.5 million. The deal is designed to satisfy the company's outstanding note debt, which stems from financial struggles tied to its public-private partnership with the state university system, the report states. About Corvias Campus Living-USG Corvias Campus Living-USG, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11214 on June 25, 2025, listing between $10 million and $50 million in assets and between $500 million and $1 billion in liabilities. Thelma Edgell, president, signed the petition. Judge Laurie Selber Silverstein oversees the case. The Debtor tapped Derek C. Abbott, Esq., at Morris Nichols Arsht & Tunnell, LLP as counsel; CohnReznick LLP as financial advisor; and Donlin, Recano & Company LLC as administrative advisor. CRAWFORD VENTURES: Trustee Seeks Court Approval to Liquidate Fund ----------------------------------------------------------------- On Dec. 13, 2024, the Delaware Court of Chancery appointed Lewis H. Lazarus to serve as the Liquidating Trustee (the “Liquidating Trustee) for Crawford Ventures GP, LLC ("General Partner") and Crawford Ventures IM, LLC ("Investment Manager") for the purposes of the dissolving and winding-up the General Partner and the Investment Manager. The Liquidating Trustee, as Liquidating Trustee for the general partner of Crawford Venture Absolute Return Fund, LP ("Fund" and together "Companies"), has further filed a motion with the court seeking authority to terminate and liquidate the Fund. The Liquidating Trustee now holds certain funds ("Remaining Company Funds"). The Liquidating Trustee intends to oversee the disposition of the Remaining Company Funds. Consistent with the order of the Court, the Liquidating Trustee is directed to take reasonable steps to wind down the Companies' affairs in an orderly manner and satisfy the claims of its creditors and, where appropriate, other stakeholders. The only assets are the Remaining Company Funds that are available to satisfy the Companies' obligations to the extent sufficient to do so. These funds will be applied and distributed in satisfaction of the Companies' debts and liabilities to creditors in the order of priority provided by any operative agreement and applicable law. The liquidating trustee has filed a motion with the court seeking authority to terminate and liquidate the fund ("motion"). If you oppose or object to the motion and wish to be heard, you must file an opposition or objection with the court, stating the reasons for the opposition or objection, on or before Oct. 31, 2025, and deliver the objection to the liquidating trustee at the address listed below. If you believe you may have a claim against the companies, the court has established Nov. 14, 2025 as the date ("bar date") by which you must provide notice to the liquidating trustee as to such claim. if you wish to provide notice as to such claim you must first contact the liquidating trustee to receive a proof of claim form. upon timely receipt of any such notice, the liquidating trustee will evaluate the merits of such claim and may seek additional information in support of such claim. any claim notices shall be deemed timely if received on or before the bar date at the following address and/or email address: Lewis H. Lazarus Liquidating Trustee of CrawfordVentures GP LLC and Crawford Ventures IM LLC Morris James LLP 3205 Avenue North Blvd. Suite 100 Wilmington,DE 19803 Tel: 302-888-6970 Email: llazarus@morrisjames.com Headquartered in New York City, Crawford Ventures GP LLC is alternative asset investment firm that forms, grows, holds interests in, and raises very substantial investor capital for compelling hedge funds. CUBIC CORP: Nuveen Floating Marks $1.5MM Loan at 26% Off -------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $1,553,000 loan extended to Cubic Corp. to market at $1,147,861 or 74% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a CME Term Loan to Cyxtera DC Holdings, Inc. The loan accrues interest at a rate of 8.57% per annum. The loan matures on May 1, 2029. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Cubic Corp. Cubic creates and delivers technology solutions in transportation that make people's lives easier by simplifying their daily journeys, and defense capabilities. CYXTERA DC: Nuveen Floating Virtually Writes Off $876,023 Loan -------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $876,023 loan extended to Cyxtera DC Holdings, Inc. to market at $4,818 or 1% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B to Cyxtera DC Holdings, Inc. The loan accrues interest at a rate of zero interest per annum. The loan matures on May 1, 2027. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Cyxtera DC Holdings, Inc. Cyxtera DC Holdings, Inc., also known as Cyxtera Technologies Inc., is a company that provides data center solutions and was acquired by BC Partners Limited and Medina Capital Advisors in May 2017. D.Z.A. ASSOCIATES: Seeks Chapter 7 Bankruptcy in Illinois --------------------------------------------------------- On October 2, 2025, D.Z.A. Associates Inc. sought Chapter 7 bankruptcy protection in the Northern District of Illinois. The company's filing indicates liabilities between $100,001 and $1 million, with a reported creditor count of 1 to 49. About D.Z.A. Associates Inc. D.Z.A. Associates Inc. is an architecture firm specializing in retail design. D.Z.A. Associates Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-15207) on October 2, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Janet S. Baer handles the case. The Debtor is represented by Eric G. Zelazny, Esq. of the Law Offices of Eric G. Zelazny. D2 GOVERNMENT: Court Extends Cash Collateral Access to Oct. 31 -------------------------------------------------------------- D2 Government Solutions, Inc. received seventh interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, New Bern Division, to use cash collateral through October 31. The seventh interim order authorized the Debtor to use cash collateral to pay ordinary and necessary business expenses as set forth in its budget, subject to a 10% variance. The budget projects total operational expenses of $518,888 for October. As protection for any diminution in value of the lenders' interests in their collateral, the lenders will be granted a post-petition continuing replacement lien on assets, including accounts receivables generated post-petition, similar to their pre-bankruptcy collateral. The replacement lien will have the same validity, perfection, extent and priority as the lenders' pre-bankruptcy lien. Meanwhile, LSQ Funding Group, LC, a creditor, will receive a $6,000 payment as adequate protection. The next hearing will be held on October 28. The Debtor, which operates as a defense contractor across the U.S., filed for bankruptcy largely due to delays in payments on government contracts, its primary source of income. All receivables from the Debtor's contracts are handled through a factoring agreement with LSQ Funding Group, which holds a significant reserve. Although several recorded UCC-1 filings show blanket liens from the U.S. Small Business Administration, First Corporate Solutions, and Corporation Servicing Company, the Debtor believes that most, if not all, of the pre-bankruptcy receivables had been assigned to LSQ prior to filing. Therefore, at the time of bankruptcy, the Debtor likely had no receivables generating cash collateral for these lenders. However, LSQ's reserve may still qualify as property of the estate and potentially subject to lender claims. About D2 Government Solutions Inc. D2 Government Solutions, Inc. founded in 2010, is a Service-Disabled Veteran-Owned Small Business (SDVOSB) that provides a broad spectrum of professional services to U.S. government agencies. The Company specializes in aviation-related operations including base and flight operations, aircraft maintenance, logistical support, aerial imaging, and range services. In addition, D2 offers administrative and facility support services such as mailroom operations, military transition assistance, ID processing support, clerical staffing, and medical administrative functions, reflecting its versatility in meeting diverse federal contracting needs. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-01322) on April 11, 2025. In the petition signed by Darryl Centanni, president, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Pamela W. McAfee oversees the case. The Debtor is represented by: J.M. Cook, Esq. J.M. Cook, P.A. Tel: 919-675-2411 Email: j.m.cook@jmcookesq.com DANIEL TRUCKING: Gets OK to Use Cash Collateral Until Dec. 1 ------------------------------------------------------------ Daniel Trucking International, Inc. received second interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois to use the cash collateral of its secured creditors through December 1. The court's interim order authorized the Debtor to use cash collateral for post-petition expenses listed in a submitted budget, subject to a 10% variance per line item. The Debtor's 30-day budget projects total operational expenses of $1,103,027. Secured creditors, Old National Bank and the U.S. Small Business Administration, hold liens on all of the Debtor's assets, including cash and receivables, pursuant to pre-bankruptcy UCC filings. As adequate protection, both creditors will be granted replacement post-petition liens on the cash collateral, with the same validity and extent as their pre-bankruptcy liens, effective as of the petition date. In addition, the Debtor was ordered to keep its assets insured as further protection to the secured creditors. The next hearing is scheduled for November 19. Old National Bank is represented by: Kristopher A. Capadona, Esq. Grogan Hesse & Uditsky, P.C. 2 Mid America Plaza, Suite 110 Oakbrook Terrace, IL 60181 Telephone: 630-359-8197 kcapadona@ghulaw.com About Daniel Trucking International Inc. Daniel Trucking International, Inc. is a Wheeling, Illinois-based transportation company. Daniel Trucking International sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-10329) on July 7, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Debtor is represented by David Freydin, Esq., at Law Offices of David Freydin Ltd. DEL MONTE: Claims Filing Deadline Set for Nov. 5, 2025 ------------------------------------------------------ The U.S. Bankruptcy Court for the District of New Jersey set Nov. 5, 2025, at 5:00 p.m. (prevailing Eastern Time) as last date and time for person or entities to file proofs of claim against Del Monte Foods Corporation II Inc. and its debtor-affiliates. The Court also set Dec. 29, 2025, at 5:00 p.m. (prevailing Eastern Time) as deadline for all governmental units to file their claims against the Debtors. Each Proof of Claim, including supporting documentation, must be submitted so that the Notice and Claims Agent actually receives the Proof of Claim on or before the applicable Bar Date by: 0123456789012345678901234567890123456789012345678901234567890123456789 i) electronically using the interface available on the Notice and Claims Agent's website at https://cases.stretto.com/DelMonteFoods ii) first-class U.S. Mail, which Proof of Claim must include an original signature, at the following address: Del Monte Foods Corporation II Inc., et al. Claims Processing c/o Stretto 410 Exchange Suite 100 Irvine, CA 92602 iii) overnight mail, or other hand-delivery system, which Proof of Claim must include an original signature, at the following address: a) By First-Class U.S. Mail, Overnight Courier or Hand Delivery to: Del Monte Foods Corporation II Inc., et al. Claims Processing c/o Stretto 410 Exchange, Suite 100 Irvine, CA 92602 To receive confirmation that the claim has been filed, either enclose a stamped self-addressed envelope and a copy of this form or go to https://cases.stretto.com/DelMonteFoods/ Additional Proof of Claim Forms may be obtained by contacting the Debtors' notice and claims agent, Stretto, Inc. ("Stretto" or the "Notice and Claims Agent"), by calling (833) 228- 5497 (Toll Free) for callers in the United States or by calling +1 (714) 263-3709 for callers outside the United States and/or visiting the Debtors' restructuring website at: https://cases.stretto.com/DelMonteFoods. 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 retained Morrison & Foerster LLP as counsel, and Kelley Drye & Warren LLP as co-counsel. DELTA QUAD: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 13 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Delta Quad Holdings, LLC. About Delta Quad Holdings LLC Delta Quad Holdings LLC is a real estate company that owns a single property asset located at 925 Grand Blvd., Kansas City, Missouri. It operates as a single-asset entity within the real estate sector. Delta Quad Holdings LLC relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-41430) on Sept. 3, 2025, listing up to $50 million in estimated assets and up to $10 million in estimated liabilities. The Debtor is represented by Evans & Mullinix, PA. DOLCHE TRUCKLOAD: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Dolche Truckload Corp. received second interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The second interim order authorized the Debtor to use cash collateral through December 1, consistent with the prior order entered on July 18 and subject to the budget. The Debtor projects total operational expenses of $490,850. The July 18 cash collateral order remains in effect. The next hearing is scheduled for November 19. About Dolche Truckload Corp. Dolche Truckload Corp. provides full truckload transportation services across the United States, including refrigerated, dry van, and hazardous materials freight. The Company operates a fleet of trucks and offers tailored logistics solutions from its headquarters in Palatine, Illinois. Dolche Truckload sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-09093) on June 15, 2025. In its petition, the Debtor reported total assets of $1,944,419 and total liabilities of $3,410,448. Judge Deborah L. Thorne handles the case. The Debtor is represented by: David Freydin, Esq. Law Offices Of David Freydin Ltd Tel: 630-516-9990 david.freydin@freydinlaw.com ENKB-MONTICELLO: Files Emergency Bid to Use Cash Collateral ----------------------------------------------------------- ENKB-Monticello, LLC and affiliates ask the U.S. Bankruptcy Code for the Southern District of Texas, Galveston Division, for authority to use cash collateral. The Debtors need access to these funds to maintain ongoing operations, including payment of expenses related to property management, maintenance, and tenant services. The Debtors say they have no access to alternative financing or outside funding sources and, therefore, must rely solely on the use of available cash collateral to prevent operational shutdown. The Debtors own and operate an apartment complex located at 3635 S. Shaver Street in Pasadena, Texas, and rely on revenue from that property to fund their operations. SouthState Bank, N.A., successor to Independent Bank, asserts interests in the Debtors' cash collateral. The Debtors propose to grant the secured lender protection in the form of post-petition liens, a superpriority claim, and cash flow payments. The Debtors filed their proposed three-month budget, which shows how cash will be used responsibly and strategically to fund essential property expenses during the reorganization process. A court hearing is scheduled for October 23. SouthState Bank is represented by: Jason S. Brookner, Esq. Lydia R. Webb, Esq. Gray Reed 1300 Post Oak Blvd., Suite 2000 Houston, TX 77056 Telephone: (713) 986-7000 Facsimile: (713) 986-7100 jbrookner@grayreed.com lwebb@grayreed.com About ENKB-Monticello LLC ENKB-Monticello, LLC and affiliates own and operate multifamily residential properties in Texas, including Monticello Apartments, La Plaza Apartments, Mar Del Sol Apartments, and Villa Nueva Apartments. The Debtors provide rental housing across their respective communities and are managed as part of a real estate investment portfolio based in Houston, Texas. ENKB-Monticello and affiliates, La Plaza 2022, LLC, Mar De Sol 2021, LLC, TX Nueva 2021, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-80418) on September 7, 2025. In its petition, ENKB-Monticello reported between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtors are represented by Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC. ES PARTNERS: Court Extends Cash Collateral Access to Oct. 28 ------------------------------------------------------------ ES Partners, Inc. received fifth interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. The fifth interim order authorized the Debtor to use cash collateral until October 28 to pay the expenses set forth in its budget, with a 10% variance allowed. The budget projects monthly expenses of $386,700 for October. As adequate protection for any diminution of their cash collateral, secured creditors including Truist Bank, Fox Funding Group, LLC and ODK Capital will be granted a replacement lien on property acquired by the Debtor after its Chapter 11 filing. In case the replacement liens are not enough to protect Truist Bank's interest, the bank will receive a superpriority administrative expense claim. The replacement liens do not apply to any avoidance actions and are subject to the fee carveout. As further protection, Truist Bank will continue to receive monthly payments of $8,000. All three creditors have filed UCC-1 financing statements asserting security interests in the Debtor's assets but Truist Bank holds the first-priority lien covering all assets, including accounts, receivables, equipment, and fixtures. Truist Bank is owed approximately $1.2 million while the estimated value of the secured assets is around $821,000. The next hearing is set for October 28. About ES Partners Inc. ES Partners, Inc. operates a pharmacy delivery company. It operates out of a leased warehouse in Pompano Beach, Fla. ES Partners sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14211) on April 17, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Steven M. Easton, chief executive officer of ES Partners, signed the bankruptcy petition. Judge Mindy A. Mora oversees the case. Brian K. McMahon, Esq., at Brian K. McMahon, PA, represents the Debtor as legal counsel. Truist Bank, as secured creditor, is represented by: Jay B. Verona, Esq. Shumaker, Loop & Kendrick, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, FL 33602 Phone (813) 229-7600 Fax (813) 229-1660 jverona@shumaker.com EYECARE PARTNERS: Nuveen Floating Marks $5.7MM Loan at 21% Off -------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $5,779,160 loan extended to EyeCare Partners, LLC to market at $4,590,820 or 79% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Second Out Term Loan B to EyeCare Partners, LLC. The loan accrues interest at a rate of 4.419% per annum. The loan matures on November 30, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About EyeCare Partners, LLC EyeCare Partners unites eye care specialists and thought leaders from every subspecialty with a mission of setting the industry standard in patient care. FIRST BRANDS: GECC Marks Down Loans After Bankruptcy Filing ----------------------------------------------------------- Great Elm Capital Corp., a business development company, provided an update on its investment in First Brands Group, LLC. Update on First Brands Exposure: In response to numerous investor inquiries, GECC is providing additional details regarding its exposure to First Brands, a global automotive parts manufacturer and supplier that filed for Bankruptcy at the end of September. GECC placed its investments in both First Brands' First Lien Term Loan (the "First Lien Loan") and Second Lien Term Loan (the "Second Lien Loan") on non-accrual at the end of September in connection with the Bankruptcy. GECC's direct exposure to First Brands includes: -- First Lien Loan: GECC held $9.3 million principal amount of the First Lien Loan and carried it at a fair market value of $8.8 million, equal to 94.3% of principal amount, as of June 30, 2025. -- In the third quarter, GECC sold $4.5 million principal amount of its First Lien Loan for $4.4 million, equal to 97.9% of principal amount. -- The First Lien Loan qualified as a Level 2 investment as of June 30, 2025 and was valued using third party vendor prices in accordance with GECC's valuation policies and procedures. The Company anticipates using the same methodology to value the First Lien Loan as of September 30, 2025. -- Using third party vendor prices as of September 30, 2025, the remaining $4.8 million principal amount of First Lien Loan held by the Company has a fair market value as of such date of approximately $1.7 million, or 35.2% of principal amount, which is expected to result in an approximately $2.8 million adverse impact to net asset value in the quarter. -- The First Lien Loan interest rate was 3M SOFR + 5.00% as of June 30, 2025 per the Schedule of Investments filed in GECC's latest 10-Q, implying an adverse impact of approximately $0.5 million to annualized cash total investment income, or approximately $0.03 per share based on GECC's total outstanding shares as of September 30, 2025. -- Second Lien Loan: GECC held $16.2 million principal amount of First Brands Second Lien Loan and carried it at fair market value of $14.5 million, equal to 89.5% of principal amount, as of June 30, 2025. -- The Second Lien Loan qualified as a Level 2 investment as of June 30, 2025 and was valued using third party vendor prices in accordance with GECC's valuation policies and procedures. The Company anticipates using the same methodology to value the Second Lien Loan as of September 30, 2025. -- Using third party vendor prices as of September 30, 2025, the $16.2 million principal amount of Second Lien Loan held by the Company has a fair market value as of such date of approximately $0.9 million, or 5.5% of principal value, which is expected to result in an approximately $13.6 million adverse impact to net asset value in the quarter. -- The Second Lien Loan interest rate was 3M SOFR + 8.50% as of June 30, 2025 per the Schedule of Investments filed in GECC's latest 10-Q, implying an adverse impact of approximately $2.1 million of annualized cash total investment income, or approximately $0.15 per share based on GECC's total outstanding shares as of September 30, 2025. -- Direct Net Asset Value Impact From First Brands: Approximately $16.5 million based on the above for the quarter ended September 30, 2025 -- Based on this information and capital activity to date, GECC currently estimates on a preliminary basis that the change in values of its directly held First Brands investments will adversely impact its net asset value by approximately $1.15-$1.25 per share, based on GECC's total outstanding shares as of September 30, 2025. GECC notes it has additional exposure to the First Lien Loan through its CLO investments as outlined in its Investor Presentation for the Second Quarter of 2025. Exposure to First Brands was approximately 0.9% across all of the CLOs in which GECC is invested as of June 30, 2025. GECC currently estimates on a preliminary basis that the value of its CLO investments will be adversely impacted in the third quarter by approximately $0.25 per share, based on GECC's total outstanding shares as of September 30, 2025. This adverse impact is in addition to the direct impact laid out above. The statements contained in this communication relate solely to GECC's investments in First Brands and do not purport to address any other investment in GECC's portfolio or the net asset value, net asset value per share or total investment income of the portfolio as a whole. Update on Capital Activity Since June 30, 2025: In August, as previously announced, GECC issued approximately 1.3 million shares in a private placement to an affiliate of Booker Smith for net proceeds of $14 million. Separately, the Company utilized its at-the-market ("ATM") program to issue an additional 1.1 million shares of common stock in the third quarter for net proceeds of approximately $13 million. These issuances resulted in aggregate net proceeds of approximately $27 million in the third quarter, and as of September 30, 2025, GECC had approximately 14.0 million shares outstanding. In addition, GECC issued $50 million principal amount of its of 7.75% Notes due December 31, 2030 (the "7.75% Notes") and redeemed all of its $40 million principal amount of 8.75% Notes due September 30, 2028 in September. In October, the underwriters exercised their over-allotment option in full to purchase an additional $7.5 million principal amount of the 7.75% Notes. This refinancing saves 1.00% on $40 million of debt, approximately $0.4 million of cash interest expense per annum, or approximately $0.03 per share based on GECC's total outstanding shares as of September 30, 2025. Pro forma for the over-allotment option of additional 7.75% Notes, GECC estimates its debt-to-equity ratio is approximately 1.5x, consistent with recent operating history. As a result of these transactions, the Company retains over $20 million of deployable cash as of the date hereof to invest in income-generating investments in the coming quarters. In addition, as of September 30, 2025, GECC had availability of $50.0 million under its $50.0 million revolving line of credit, with $0 drawn as of such date. About Great Elm Capital Corp. GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses and CLOs. For additional information, please visit http://www.greatelmcc.com. About First Brands Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group LLC listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. Weil, Gotshal and Manges LLP is serving as legal counsel, Lazard is serving as investment banker, Alvarez & Marsal is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to First Brands Group. Kroll serves as the Debtors' Claims Agent. Gibson, Dunn & Crutcher LLP is serving as legal counsel, and Evercore is serving as investment banker to the Ad Hoc Group. FIRST BRANDS: Raistone Seeks Probe of 'Vanished Funds' ------------------------------------------------------ Andrew Mendez of Bloomberg Law reports that First Brands' financing partner Raistone has asked a bankruptcy judge to appoint an independent examiner to investigate the alleged disappearance of $2.3 billion tied to the auto parts company. In an emergency motion filed Wednesday, Raistone said First Brands' own disclosures of "third-party factoring irregularities" and accounting errors warrant a deeper, independent probe. Raistone, which depended on First Brands for over 80% of its revenue, argued that the company's existing review process "is woefully insufficient given the magnitude of potential misconduct." First Brands filed for Chapter 11 on September 28, 2025. About First Brands Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group LLC listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. Weil, Gotshal and Manges LLP is serving as legal counsel, Lazard is serving as investment banker, Alvarez & Marsal is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to First Brands Group. Kroll serves as the Debtors' Claims Agent. Gibson, Dunn & Crutcher LLP is serving as legal counsel, and Evercore is serving as investment banker to the Ad Hoc Group. FIT & THRIVE: Hires J.D. Graham P.C. as Legal Counsel ----------------------------------------------------- Fit & Thrive, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Illinois to hire J.D. Graham P.C. to serve as legal counsel in its Chapter 11 case. J.D. Graham P.C. will provide these services: (a) advise the Debtor with respect to its rights, powers, and duties in this Chapter 11 case; (b) assist and advise the Debtor in consultations with any appointed committee related to the administration of the case; (c) assist the Debtor in analyzing the claims of creditors and negotiating with such creditors; (d) assist the Debtor with the investigation of assets, liabilities, and financial condition and reorganizing its business to maximize value for all creditors; (e) advise the Debtor in connection with the sale of assets or business; (f) assist and advise the Debtor with communications with the general creditor body; (g) commence and prosecute necessary and appropriate actions and/or proceedings on behalf of the Debtor; (h) review, analyze, and prepare all necessary applications, motions, answers, orders, reports, schedules, pleadings, and other documents; (i) represent the Debtor at all hearings and other proceedings; (j) confer with other professional advisors retained by the Debtor; (k) perform all other necessary legal services in this Chapter 11 case as requested; and (l) assist and advise the Debtor regarding pending arbitration and litigation matters, including continued prosecution or defense of actions and/or negotiations on the Debtor's behalf. The firm will charge hourly rates of $325 for partners, $225 for associates, and $175 for paralegals or law clerks. As of the Petition Date, the firm has been paid $7,500, from which $1,738 covered the filing fee and $4,428.75 for pre-petition work, leaving a balance of $1,333.25 as retainer. J.D. Graham P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and holds no interest adverse to the Debtor's estate, according to court filings. The firm can be reached at: J.D. Graham, Esq. J.D. GRAHAM, P.C. #1 Eagle Center; Suite 3A O'Fallon, IL 62269 Telephone: (618) 235-9800 Facsimile: (618) 235-9805 E-mail: jd@jdgrahamlaw.com About Fit & Thrive Inc. Fit & Thrive Inc., d/b/a Clean Eatz of Edwardsville, HG Enterprises, LLC, and Clean Eatz of Belleville, provides food and wellness services, including meal plans with pre-portioned products designed to balance protein, carbohydrates, and fats, catering to diverse lifestyles. Fit & Thrive Inc.sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 25-30752) on September 30, 2025. In its petition, the Debtor reports total assets of $168,928 and total liabilities of $1,247,466. Honorable Bankruptcy Judge Mary E. Lopinot handles the case. The Debtor is represented by J. D. Graham, Esq. of J. D. GRAHAM, PC. GBOGBARA INC: Case Summary & 11 Unsecured Creditors --------------------------------------------------- Debtor: Gbogbara, Inc. d/b/a King Pharmacy 12871 E Jefferson Ave Detroit, MI 48215 Business Description: Gbogbara, Inc., doing business as King Pharmacy, operates an independent pharmacy at 12871 E Jefferson Ave in Detroit, Michigan, providing prescription services, health consultations, and wellness products. Chapter 11 Petition Date: October 3, 2025 Court: United States Bankruptcy Court Eastern District of Michigan Case No.: 25-49970 Judge: Hon. Mark A Randon Debtor's Counsel: Alexander J. Berry-Santoro, Esq. MAXWELL DUNN PLC 2937 E. Grand Blvd. Suite 308 Detroit, MI 48202 Tel: (248) 246-1166 Email: aberrysantoro@maxwelldunnlaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Lenyie Ngbogbara as sole shareholder. A copy of the Debtor's list of 11 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TJIF6PY/Gbogbara_Inc__miebke-25-49970__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/THTJLFQ/Gbogbara_Inc__miebke-25-49970__0001.0.pdf?mcid=tGE4TAMA GEC TRANSPORT: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: GEC Transport Solutions LLC 5201 N. Veterans Blvd Pharr, TX 78577 Business Description: GEC Transport Solutions LLC, based in Pharr, Texas, provides trucking and logistics services including international shipping, door-to-door delivery, dedicated transport, and cross-border logistics. Founded in 2015, the Company operates in South Texas, focusing on freight transportation and supply chain solutions. Chapter 11 Petition Date: October 6, 2025 Court: United States Bankruptcy Court Southern District of Texas Case No.: 25-70297 Judge: Hon. Eduardo V Rodriguez Debtor's Counsel: Susan Tran Adams, Esq. TRAN SINGH, LLP 2502 La Branch St. Houston TX 77004 E-mail: stran@ts-llp.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Benjamin Cavazos as owner. 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/FGYNYJY/GEC_Transport_Solutions_LLC__txsbke-25-70297__0001.0.pdf?mcid=tGE4TAMA GENESIS HEALTHCARE: Court OKs Proskauer's Bid to Serve as Counsel ----------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that on Wednesday, October 8, 2025, a Texas bankruptcy judge granted approval for Proskauer Rose LLP and Stinson LLP to serve as counsel to unsecured claimholders in the Chapter 11 case of Genesis Healthcare Inc. The court nevertheless cautioned that internal "dysfunction" and inefficiencies in managing the case could cause the estate to become administratively insolvent, the report states. About Genesis Healthcare Inc. Genesis Healthcare Inc. is a Medical Group, based in Culver City, CA. The medical group, which has also operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare, provides physician services in Southern California. Genesis Healthcare Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case 25-80185) on July 9, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Stacey G. Jernigan handles the case. The Debtor is represented by Marcus Alan Helt, Esq. at Mcdermott Will & Emery LLP. The U.S. Trustee for Region 11 appointed Michael Bubman of BFW, LLC and Sunset-Herman-Frankel-Fleishman, LLC and Peter Gudaitis of Aculabs, Inc., as additional members of the official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The Committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel. GILLETTE ENTERPRISES: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- Gillette Enterprises, 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 authorized the Debtor to use cash collateral, including cash, deposit accounts, accounts receivable, and business operation proceeds, in accordance with a budget. The Debtor projects total operational expenses of $285,766 for the period from July to November. As adequate protection for the use of their cash collateral, lenders including Regions Bank and the U.S. Small Business Administration were granted a replacement lien on assets similar to their pre-bankruptcy collateral, with the same validity, priority and extent as their pre-bankruptcy lien. In addition, Regions Bank will continue to receive a monthly payment of $3,990. As further protection, the Debtors were ordered to keep their property insured. About Gillette Enterprises Gillette Enterprises LLC operates a metaphysical retail store in Sarasota, Florida, offering books, crystals, and specialty gifts and has been in business since 1992. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 8:25-bk-03803-CPM) on June 6, 2025. In the petition signed by Anthony Gillette, managing director, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Catherine Peek McEwen oversees the case. Alberto F. Gomez, Jr., Esq., at Johnson, Pope, Bokor, Ruppel & Burns, LLP, is the Debtor's legal counsel. Regions Bank, as secured creditor, is represented by: Dana L. Robbins-Boehner, Esq. Burr & Forman, LLP 201 North Franklin Street Suite 3200 Tampa, FL 33602 drobbins-boehner@burr.com mguerra@burr.com GREAT CIRCLE: Seeks to Use Cash Collateral ------------------------------------------ Great Circle Park LLC asks the U.S. Bankruptcy Court for the Southern District of New York for authority to use cash collateral and provide adequate protection. The Debtor needs to use funds derived from the revenues of its only asset, a leased parking garage located at 70 Little West Street in Manhattan. The property is leased to MP Battery 70 LLP under a lease agreement that runs through 2029. The Debtor has no operations beyond owning and leasing the garage. The Debtor's request arises after failed negotiations with Flagstar Bank, N.A., a secured lender and successor to New York Community Bank, with which the Debtor entered into a $4.5 million loan in 2017 (now reduced to approximately $4 million). The loan is secured by liens on virtually all of the Debtor's real and personal property, including the lease revenues, which constitute cash collateral under the Bankruptcy Code. Flagstar previously initiated foreclosure proceedings in state court and obtained the appointment of a rent receiver, but the Debtor filed its Chapter 11 petition before the receiver took control. Since filing, the Debtor has made efforts to cooperate with Flagstar, including producing documents in response to a Rule 2004 request and offering to negotiate the consensual use of cash collateral. However, according to the motion, Flagstar has been categorically uncooperative—it has refused to authorize use of cash to pay the salaries of the Debtor's only two employees (Pamela Frost, the Debtor’s managing member, and her son Josh Futterman, who provides business and legal services), and has also objected to paying the Debtor’s bankruptcy professionals. Moreover, Flagstar has declined to share a recent appraisal of the property that was conducted at its direction, despite the Debtor’s belief that the valuation supports an equity cushion of $500,000 to $1 million. The Debtor argues that it must be authorized to use cash collateral immediately to avoid immediate and irreparable harm to the estate. Without access to funds, it cannot meet even basic operational needs, including staffing, professional fees, and administrative costs associated with the bankruptcy. As adequate protection for Flagstar's interest, the Debtor proposes: (i) monthly interest payments at the non-default rate of $23,801; (ii) senior replacement liens on the Debtor's assets; and (iii) the preservation and enhancement of Flagstar’s collateral value through continued operations and the existence of an equity cushion based on the recent (but undisclosed) appraisal. The Debtor further requests a limited modification of the automatic stay to allow for the granting and perfection of liens in favor of Flagstar as part of the adequate protection package. The Debtor maintains that such relief is customary in Chapter 11 cases and is necessary to ensure its continued viability during the reorganization process. A copy of the motion is available at https://urlcurt.com/u?l=LqdiCG from PacerMonitor.com. About Great Circle Park LLC Great Circle Park LLCsought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-11767-mg) on August 12, 2025. In the petition signed by Pamela Frost, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Martin Glenn oversees the case. Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP, represents the Debtor as legal counsel. GREENIDGE GENERATION: Launches Tender/Exchange Offer for 2026 Notes ------------------------------------------------------------------- Greenidge Generation Holdings Inc., a vertically integrated cryptocurrency datacenter and power generation company, announced on October 06, 2025, the commencement of two separate concurrent offers to exchange or to purchase, at the election of each holder, its outstanding 8.50% Senior Notes due 2026, which trade on the Nasdaq Global Select Market under the symbol "GREEL," subject to the Cash Payment Limit described below. The Tender/Exchange Offer consists of the following: -- An offer to exchange the Old Notes for a new issue of the Company's 10.00% Senior Notes due 2030, in an amount equal to $14.85 principal amount of New Notes for each $25.00 principal amount of Old Notes exchanged; and, -- An offer to purchase the Old Notes for cash, in an amount equal to $10.75 for each $25.00 principal amount of Old Notes tendered, provided that if the holder elects to tender at or prior to 5:00 P.M., New York City time, on Tuesday, October 21, 2025, then cash in the amount equal to $12.50 for each of the $25.00 principal amount of Old Notes tendered shall be paid. If the cash required to purchase all of the Old Notes tendered under the Tender Option exceeds $3.6 million, Greenidge will accept the Old Notes tendered for purchase on a pro rata basis. As of October 3, 2025, the closing price of the Old Notes was $10.72 per Old Note on the Nasdaq. The Exchange Option represents a premium of approximately 38.5% to the closing trading price as of October 3, 2025, and a premium of approximately 69.5% to the Old Notes' 60-day volume weighted average price as of October 3, 2025. The Early Tender Date option represents a premium of approximately 16.6% to the closing trading price as of October 3, 2025, and a premium of approximately 42.7% to the Old Notes' 60-day VWAP as of October 3, 2025. The Tender Option represents a premium of approximately 0.03% to the closing trading price as of October 3, 2025, and a premium of approximately 22.7% to the Old Notes' 60-day VWAP as of October 3, 2025. However, as disclosed herein, the Company cannot provide any assurances that the New Notes will be tradable or that an active trading market will develop for the New Notes or that holders will be able to sell their New Notes. The maximum aggregate principal amount of Old Notes that may be exchanged and purchased pursuant to the terms of the Tender/Exchange Offer is $38,409,825. The Tender/Exchange Offer is subject to the terms and subject to the conditions set forth in the Offer to Purchase/Exchange, the accompanying Letter of Transmittal and the other related offering documents. The Tender/Exchange Offer will expire at 5:00 p.m. New York City time, on Wednesday, November 5, 2025, unless earlier terminated or extended by the Company. Tendered Old Notes may be withdrawn at any time at or prior to 5:00 p.m. New York City time, on October 21, 2025, but not thereafter, except in limited circumstances described in the Offer to Purchase/Exchange. Old Notes that are not tendered or that are withdrawn before the Withdrawal Date will remain outstanding. Only holders validly tendering their Old Notes pursuant to the Tender Option at or prior to the Early Tender Date and whose Old Notes are accepted for purchase will be eligible to receive the Early Tender Premium. Holders validly tendering their Old Notes pursuant to the Tender Option after the Early Tender Date and at or prior to the Expiration Date and whose Old Notes are accepted for purchase will only be eligible to receive the $10.75 for each such Old Note. In the event the Cash Payment Limit is reached as of the Early Tender Date, the Company reserves the right, at its option, not to accept any additional Old Notes tendered after the Early Tender Date pursuant to the Tender Option. Promptly following the Early Tender Date, whether or not the Tender/Exchange Offer is fully subscribed, the Company may, at its option, accept for purchase Old Notes validly tendered pursuant to the Tender Option, subject to the terms and conditions of the Offer. Accrued and unpaid interest up to, but not including, the next interest payment date of October 31, 2025, on Old Notes validly tendered pursuant to the Tender Option and not withdrawn will be paid in cash. Accrued and unpaid interest up to, but not including, the next interest payment date of October 31, 2025, on Old Notes validly tendered pursuant to the Exchange Option and not withdrawn will be added to the principal amount of the New Notes; provided, however, any amount that is less than the face value of New Notes due to accrued and unpaid interest on Old Notes up to, but not including, the next interest payment date of October 31, 2025, the principal amount of the New Notes issuable pursuant to the Exchange Option, or a combination thereof, shall be paid in cash. Only Old Notes validly tendered and not properly withdrawn from the Tender/Exchange Offer will be purchased or exchanged in the Tender/Exchange Offer. The accrued and unpaid interest up to, but not including, the next interest payment date of October 31, 2025, on Old Notes will be approximately $0.54 for each $25.00 principal amount of Old Notes. Holders validly tendering or exchanging Old Notes accepted by the Company pursuant to the Offer and not withdrawn will not be paid for interest accrued on or after October 31, 2025. Old Notes not properly tendered in the Tender/Exchange Offer will be returned to the tendering holders, at the Company's expense, promptly after the expiration of the Tender/Exchange Offer. Following the completion of the Tender/Exchange Offer, the Company may engage in additional transactions to purchase or repay any Old Notes not tendered in the Tender/Exchange Offer on terms that could be more or less favorable to holders than the terms of the Tender/Exchange Offer and it may issue additional New Notes. The Company may, at any time and from time to time, purchase or retire additional amounts of its outstanding Old Notes through cash purchases and/or exchanges for our other securities, in open market transactions or privately negotiated transactions, or through subsequent tender or exchange offers, repayment at maturity or otherwise, if it can do so on attractive terms. Any such purchases may be made on the same terms or on terms that are more or less favorable to holders than the terms of the Tender/Exchange Offer. Greenidge is relying on Section 3(a)(9) of the Securities Act of 1933, as amended, to exempt the New Notes issued in the Exchange Option portion of the Tender/Exchange Offer from the registration requirements of the Securities Act. The Company is also relying on Section 18(b)(4)(C) of the Securities Act to exempt the New Notes issued in the Exchange Option portion of the Tender/Exchange Offer from the registration and qualification requirements of state securities laws. The Company has no contract, arrangement or understanding relating to, and will not, directly or indirectly, pay any commission or other remuneration to any broker, dealer, salesperson, agent or any other person for soliciting tenders in the Tender/Exchange Offer. Information Relating to the Tender/Exchange Offer The complete terms and conditions of the Tender/Exchange Offer are set forth in the Offer to Purchase/Exchange, dated October 6, 2025 (as it may be amended or supplemented from time to time, the "Offer to Purchase/Exchange"), which sets forth a detailed description of the Tender/Exchange Offer. Greenidge refers investors to the Offer to Purchase/Exchange for the complete terms and conditions of the Tender/Exchange Offer. Investors with questions regarding the terms and conditions of the Tender/Exchange Offer may contact our information agent as follows: D.F. KING & CO., INC. Banks and Brokers call: (212) 434-0035 Toll free: (800) 669-5550 Email: GREE@dfking.com About Greenidge Generation Holdings Inc. Greenidge Generation Holdings Inc. (Nasdaq: GREE) is a vertically integrated power generation company, focusing on cryptocurrency mining, infrastructure development, engineering, procurement, construction management, operations and maintenance of sites. GREENLAND USA: Loan Defaults Lead to Pacific Park Foreclosure ------------------------------------------------------------- U.S. Immigration Fund (USIF), a leading EB-5 Regional Center, announced the advancement of the Pacific Park (formerly known as Atlantic Yards) project, a 22-acre mixed use site in Brooklyn, NY. The newly assembled development team will lead the next phase of construction to deliver housing, union jobs, transportation infrastructure, and vital community amenities for Brooklyn residents. "Finalizing this joint venture has been a complex but necessary step to ensure long-term success of this important project," said Nicholas Mastroianni, President of U.S. Immigration Fund. "We're excited to partner with Cirrus Real Estate Partners (Cirrus) and LCOR, who have been approved by the Empire State Development Corporation (ESD) as co-developers. In doing so, we have helped create a new foundation for growth. This represents a turning point not only for our investors but also for the project, building on New York City's continued commitment to housing and transit connectivity." A long road to renewal The history of Pacific Park spans nearly two decades with prior financial and operational challenges. USIF has played a pivotal role in stabilizing the project. -- 2003--Project launched by Forest City Ratner Companies (Forest City) with a master plan featuring building an NBA arena, affordable residential towers in Prospect Heights, Brooklyn, and a modernized railyard for the Vanderbilt/Atlantic LIRR yard. -- 2014--Forest City sells a majority stake in the residential portion of the project to Greenland USA. -- Early 2020s--Greenland completes work on the railyard. -- During COVID-19 Pandemic--Greenland defaults on its loans with USIF affiliates. -- 2025--USIF and Fortress Investment Group (Fortress) select Cirrus and LCOR to lead the continued development of Pacific Park. Current project outlook The Barclays Center and several towers are completed, while multiple new residential towers are pending construction. The project ushers in a new era for Pacific Park with replacement developers Cirrus and LCOR. Cirrus specializes in developing union-built, income-targeted housing across New York City. The firm's partners collectively have overseen $150 billion in real estate finance transactions and $10 billion in equity investments and more than 10,000 multifamily housing units. LCOR is a vertically integrated institutional developer and investment manager with more than four decades of experience developing complex, large-scale projects across the Eastern United States. Following Greenland's defaults on its loan obligations, USIF and funds managed by affiliates of Fortress initiated foreclosure proceedings to safeguard investor interests. Through their strong relationships, persistence, and the financial restructuring efforts, USIF and Fortress entered into agreements with Cirrus and LCOR who have now been approved by ESD and the MTA as the replacement developers for the project. "Looking ahead we believe Pacific Park is poised to deliver on its promise to build thousands of housing units, retail, office space, providing public amenities designed to benefit the diverse Brooklyn community. Pacific Park has been a long-term vision and with new leadership, capital, and updated structure we believe the vision is finally being realized," further commented Mastroianni. USIF is committed to enhancing public infrastructure and expanding housing access that helps improve urban connectivity. ESD and MTA have approved the new developers and are working with the new joint venture to restart the project and arrange transfer of the development rights. About U.S. Immigration Fund U.S. Immigration Fund (USIF) is a premier EB-5 Regional Center facilitating U.S. permanent residency for global families through $800K real estate investments with financing options available. Headquartered in Palm Beach, Fla., USIF has raised and deployed nearly $3 billion in EB-5 program capital, created tens of thousands of U.S. jobs, and funded 25 transformative real estate developments across New York, New Jersey, Florida, Montana, Nevada, and California. Its institutional approach, built on decades of combined real estate and finance expertise, has earned the trust of over 12,900 investors and families, and recognition from 18 major financial institutions, including J.P. Morgan, Wells Fargo, and BlackRock. With a proven track record of more than $850 million in capital repaid by developers, high-quality real estate project developments, and investor financing solutions, USIF continues to empower EB-5 investors to achieve the American dream. www.usifund.com | info@usifund.com | 855.EB5.USIF HARVEST SHERWOOD: Plan Exclusivity Period Extended to December 1 ---------------------------------------------------------------- Judge Stacey G Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas extended Harvest Sherwood Food Distributors, Inc. and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to December 1, 2025 and January 30, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that ample cause exists to grant the relief requested in this Motion. The relevant factors weigh in favor of extending the Exclusivity Periods: * The Debtors' Chapter 11 Cases Are Large and Complex. These cases met the requirements for and were designated as complex cases with assets between $1 billion and $10 billion, liabilities between $50 million and $1 billion, and hundreds, if not thousands of creditors. These chapter 11 cases also involve complex litigation with multiple parties. * The Additional Time Requested Will Provide the Debtors with Sufficient Time to Negotiate a Plan and Prepare Adequate Information. The Debtors are actively negotiating the terms of a consensual chapter 11 plan with the DIP Lenders and Committee. Additional time will also allow the Debtors to resolve the Burford Adversary Proceeding that must be addressed prior to consummating any chapter 11 plan. * The Debtors Have Made Significant Progress in Negotiations with Creditors. As shown by the record in these chapter 11 cases, the Debtors have focused on garnering broad creditor and interest holder support for their actions, including support from the Committee with respect to the Debtors' postpetition financing and, the Debtors are in active negotiations with both the DIP Lenders and the Committee regarding the terms of a chapter 11 plan. * An Extension Will Not Pressure Creditors. The Debtors do not seek an extension of the Exclusivity Periods to pressure or prejudice any of their stakeholders. All parties in interest have had an opportunity to actively participate in substantive discussions with the Debtors throughout these chapter 11 cases. Extending the Debtors' exclusive right to solicit a chapter 11 plan will further drive consensus and maximize the value of estate assets for the benefit of stakeholders. The Debtors' Counsel: Thomas R. Califano, Esq. Chelsea McManus, Esq. SIDNEY AUSTIN LLP 2021 McKinney Avenue, Suite 2000 Dallas TX 75201 Tel: (214) 981-3300 Email: tom.califano@sidley.com cmcmanus@sidley.com - and - Stephen Hessler, Esq. Anthony R. Grossi, Esq. SIDLEY AUSTIN LLP 787 Seventh Avenue New York, New York 10019 Tel: (212) 839-5300 Fax: (212) 839-5599 Email: shessler@sidley.com agrossi@sidley.com jhufendick@sidley.com - and - Jason L. Hufendick, Esq. Ryan Fink, Esq. Daniela Rakowski, Esq. SIDLEY AUSTIN LLP One South Dearborn Chicago, Illinois 60603 Tel: (312) 853-7000 Fax: (312) 853-7036 Email: jhufendick@sidley.com ryan.fink@sidley.com drakowski@sidley.com About Harvest Sherwood Food Distributors Harvest Sherwood Food Distributors, Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80109) on May 5, 2025, listing up to $10 billion in assets and up to $1 billion in liabilities. The Debtors tapped Sidley Austin LLP as counsel and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. HENRY RD: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------ On October 3, 2025, Henry Rd Limited initiated a voluntary Chapter 7 bankruptcy proceeding in the Eastern District of New York. According to the filing, the company holds debts totaling $100,001 to $1 million. The petition indicates that the number of creditors falls within the 1–49 range. About Henry Rd Limited Henry Rd Limited is a limited liability company. Henry Rd Limited sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73830) on October 3, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. HOUSTON THERAPY: Case Summary & Four Unsecured Creditors -------------------------------------------------------- Debtor: Houston Therapy, Inc. 75 Burton Road Poplarville, MS 39470 Business Description: Houston Therapy, Inc. provides home health care services through a team of licensed professionals, offering physical therapy and related treatments to patients in their residences. Based in Poplarville, Mississippi, the Company operates within the home health agency sector, serving local communities in the surrounding region. It is owned and managed by Marcus Houston, a licensed physical therapist. Chapter 11 Petition Date: October 2, 2025 Court: United States Bankruptcy Court Southern District of Mississippi Case No.: 25-51478 Judge: Hon. Katharine M Samson Debtor's Counsel: Nicholas Grillo, Esq. GRILLO LAW FIRM 607 Corinne Street Suite A3 Hattiesburg MS 39401 E-mail: grillolawms@gmail.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Marcus R. Houston as owner/operator. A copy of the Debtor's list of four unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HQPBRAQ/Houston_Therapy_Inc__mssbke-25-51478__0007.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HPMUXPA/Houston_Therapy_Inc__mssbke-25-51478__0001.0.pdf?mcid=tGE4TAMA HYPERSCALE DATA: Milton Ault Holds 53.18% Equity Stake ------------------------------------------------------ Milton C. Ault, III, Ault & Company, Inc., William B. Horne, Henry C.W. Nisser, and Kenneth S. Cragun, disclosed in a Schedule 13D (Amendment No. 12) filed with the U.S. Securities and Exchange Commission that as of September 26, 2025, they beneficially own the following Class A Common Stock, par value $0.001 per share, of Hyperscale Data, Inc.: * Milton C. Ault, III: 147,524,542 shares (includes shares directly held, and shares held through Ault & Company), representing 53.18% of the Class A Common Stock. * Ault & Company, Inc.: 147,504,946 shares (includes shares directly held, and shares issuable upon conversion of Class B shares, Series C, G, H Preferred Stock, and warrants), representing 53.17% of the Class A Common Stock. * William B. Horne: 1 share, Henry C.W. Nisser: 3 shares, Kenneth S. Cragun: 0 shares, representing less than 5% of the Class A Common Stock. The aggregate beneficial ownership percentages include Class A shares issuable upon conversion of Class B shares, convertible preferred stock, and warrants. The Reporting Persons may be reached through: Milton C. Ault, III, Chief Executive Officer Ault & Company, Inc. c/o Ault & Company, Inc. 11411 Southern Highlands Parkway, Suite 330 Las Vegas, Nev. 89141 Tel: 949-444-5464 A full-text copy of Mr. Ault's SEC report is available at: https://tinyurl.com/czam6x9r About Hyperscale Data Headquartered in Las Vegas, Nevada, Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. New York, N.Y.-based Marcum LLP, the Company's auditor since 2016, 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 a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $213.50 million in total assets, $205.60 million in total liabilities, and $7.90 million in total stockholders' equity. I A P CONSTRUCTION: Court Extends Cash Collateral Access to Nov. 6 ------------------------------------------------------------------ I A P Construction, Inc. received eighth interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use cash collateral until November 6. The Debtor requires access to cash collateral to pay the expenses set forth in its budget, subject to a 10% variance. The budget projects total operational expenses of $150,475.29 for October. American Community Bank & Trust may have an interest in the Debtor's assets, including cash collateral. As protection for the use of its cash collateral, the bank will be granted replacement liens on all post-petition property of the Debtor, including cash collateral, with the same validity, priority and extent as its pre-bankruptcy liens. The Debtor's right to use cash collateral will terminate upon entry of a court order directing the cessation of the use of cash collateral; dismissal of the Debtor's Chapter 11 case; or conversion of the case to one under Chapter 7. The next hearing is scheduled for November 5. About I A P Construction I A P Construction, Inc. filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-02709) on February 24, 2025, listing up to $1 million in both assets and liabilities. Ian Proce, president of I AP, signed the petition. Judge Deborah L. Thorne oversees the case. The Debtor is represented by: David R. Herzog, Esq. Law Offices of David R Herzog Tel: 312-977-1600 Email: drh@dherzoglaw.com ICORECONNECT INC: Creditors to Get Proceeds From Liquidation ------------------------------------------------------------ iCoreConnect Inc. and iCore Midco Inc. filed with the U.S. Bankruptcy Court for the Middle District of Forida a Disclosure Statement for Plan of Liquidation dated September 30, 2025. iCoreConnect Inc. is a Delaware publicly traded corporation headquartered in Ocoee, Florida, and the parent company of iCore Midco Inc., a Nevada corporation. iCoreConnect Inc. and its wholly owned subsidiary iCore Midco Inc. operate a cloud-based software and technology company that specializes in providing HIPAA-compliant software-as-aservice ("SaaS") solutions to healthcare providers across the United States. On July 28, 2025, the Debtors filed Debtors' Motion for Order Authorizing the Sale of Substantially All of Their Assets to Colortech Holdings, LLC Pursuant to Section 363, Free and Clear of All Liens, Claims and Encumbrances, Subject to Higher and Better Offers (the "Sale Motion"), seeking authority to sell substantially all of the Debtors' assets to Colortech Holdings, LLC, subject to higher and better offers, free and clear of any and all claims, mortgages, pledges, liens, security interests, interests, charges, encumbrances, setoffs, recoupments, cure claims, liabilities, debts, indebtedness, costs, damages, judgments or obligations of any character whatsoever and whenever arising, either before or after the Petition Date. On September 3, 2025, the Debtors filed Debtors' Emergency Motion for Order Extending Certain Sale Dates and Deadlines, seeking to (i) extend the deadline for objections to the Sale Motion to September 11, 2025, (ii) continue the auction to September 15, 2025, and (iii) continued the Sale Hearing to a date that is at least one business day following the date of the rescheduled auction. On September 4, 2024, the Court entered an Order (1) Granting Debtors' Emergency Motion for Order Extending Certain Sale Dates and Deadlines and (2) Resetting Hearing on Certain Matters, which, inter alia, extended the deadline for objections to the Sale Motion to September 11, 2025, at 5:00 p.m., continued the auction to September 15, 2025, at 10:00 a.m., and rescheduled the Sale Hearing for September 29, 2025, at 1:30 p.m. On September 10, 2025, iCore Midco Inc. filed Debtor's Motion for Entry of an Order Pursuant to Sections 105(a), 345(b) and 363 Authorizing Debtor to Maintain Use of PostPetition Non-Debtor-in Possession Bank Account, seeking authority for iCore Midco, Inc.'s continued use of a post-petition, non-debtor-in possession bank account at Bank of America, Inc., pending iCore Midco, Inc.'s ability to open a debtor-in-possession account at Regions Bank, N.A. The Debtors anticipate that the Plan will pay all Allowed Secured Claims, Allowed Priority Tax Claims, Allowed Administrative Expense Claims, and Allowed Priority Claims in full, and provide a distribution of between 65% and 85% to Class 5 Unsecured Creditors depending upon the claims reconciliation process. Class 5 consists of all Allowed General Unsecured Claims not otherwise classified in the Plan. Each Holder of an Allowed Class 5 General Unsecured Claim shall receive on such date determined by the Debtors, in full and final satisfaction of such Holder's Allowed Class 5 General Unsecured Claim, such Holder's Pro Rata Share of the Net Sale Proceeds and cash on hand, after reserving for U.S. Trustee fees and postconfirmation expenses wind down expenses, and payment of Allowed Secured Claims, Allowed Administrative Expense Claims, Allowed Priority Tax Claims, and Allowed Priority Claims in full. The procedures for Distributions to Holders of Allowed General Unsecured Claims in Class 5 shall be in accordance with Article 8 of the Plan and the Confirmation Order. Class 5 is Impaired and, therefore, is entitled to vote to accept or reject the Plan. The Plan provides for an orderly liquidation of the Debtors' assets and the payment of Allowed Claims, including contingent, unliquidated, and Disputed Claims to the extent they become Allowed Claims, in the order of their priority from the Net Sale Proceeds. Accordingly, the Plan is per se feasible. A full-text copy of the Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=h0mGtV from PacerMonitor.com at no charge. Counsel to the Debtors: Amy Denton Mayer, Esq. BERGER SINGERMAN LLP 101 E Kennedy Blvd Suite 1165 Tampa, FL 33602 Phone: (813) 498-3400 Fax: (813) 527-37052 Email: amayer@bergersingerman.com About iCoreConnect Inc. iCoreConnect Inc. provides cloud-based software solutions for the healthcare sector across the United States. Its SaaS offerings support functions such as ePrescribing, insurance verification, claims management, analytics, and HIPAA-compliant communication and backup. The company is headquartered in Ocoee, Florida. iCoreConnect and iCore Midco Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 25-03390) on June 2, 2025. In its petition, iCoreConnect reported between $1 million and $10 million in both assets and liabilities. Judge Grace E. Robson handles the cases. The Debtors tapped Amy Denton Mayer, Esq., at Stichter, Riedel, Blain & Postler, PA as bankruptcy counsel and Bhavsar Law Group, PA as special immigration counsel. IF YOU PLEASE: Taps Ellett Law Offices as Legal Counsel ------------------------------------------------------- If You Please LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Ronald J. Ellett of Ellett Law Offices, PC to serve as legal counsel in its Chapter 11, Subchapter V case. Mr. Ellett will provide these services: (a) examine and determine the rights and title of the Debtor in and to certain property; (b) prepare all legal documents, the Debtor's Chapter 11 Subchapter V Plan of Reorganization, and Disclosure Statement; (c) investigate and determine the validity of any and all liens appearing to be claimed during the administration of the Estate; (d) investigate and determine the validity of any and all claims that may be filed against the Estate; (e) prepare all accounts, reports, and other instruments required in the administration of the Estate; (f) generally assist the Debtor-In-Possession in all matters of legal nature arising in the administration of the Estate and advise with regard thereto; and (g) assist the Debtor in the collection of all accounts receivable owed to the Debtor. Mr. Ellett shall receive an hourly rate of $595, with $395 for Scott Reynolds, $295 for associates, and $255 for paralegals. Ellett Law Offices, PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Ronald J. Ellett, Esq. ELLETT LAW OFFICES, PC 2999 North 44th Street, Suite 330 Phoenix, AZ 85018 Telephone: (602) 235-9510 About If You Please LLC If You Please LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 2:25-bk-09405-DPC) on October 2, 2025. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000, and liabilities of between $1,000,001 and $10 million. Honorable Judge D. Paul Carey oversees the case. Ellett Law Offices, PC is Debtor's legal counsel. INDEPENDENT MEDEQUIP: Official Creditors' Committee Appointed ------------------------------------------------------------- The U.S. Bankruptcy Administrator for the Northern District of Alabama appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Independent MedEquip, LLC and affiliates. The committee members are: 1. Strategic Office Support, LLC c/o Steven Cela 4003 Bellaire Blvd. STE F Houston, TX 77025 2. Jeffery L. Campora 334 Cedar Bluff Drive Winchester, TN 37398 3. Vinali, LLC c/o Ruth Velez P.O. Box 31246 Tampa, FL 33631-3246 4. Motus Nova LLC c/o David Wu 3636 Habersham Road, Suite 2406 Atlanta, GA 30305-1196 5. Pride Mobility Products Corp 401 York Avenue Duryea, PA 18642 Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Independent MedEquip LLC Independent MedEquip, LLC, a company in Birmingham, Ala., provides durable medical equipment such as oxygen tanks, CPAP machines, mobility aids, and other home-use medical devices. Independent MedEquip and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Lead Case No. 25-02821) on September 18, 2025. At the time of the filing, Independent MedEquip disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Tamara O'Mitchell oversees the cases. Stuart Memory, Esq., at Memory Memory and Causby LLP, is the Debtor's legal counsel. Jackson Investment Group, LLC, the Debtors' DIP lender, may be reached through: Richard L. Jackson, CEO Jackson Investment Group, LLC 2655 Northwinds Parkway Alpharetta, GA 30009 Phone: (678) 690-1079 Cadence Bank, a pre-petition secured creditor, may be reached through: C. Ellis Brazeal III, Esq. Jones Walker, LLP 420 20th Street North Suite 1100 Birmingham, AL 35203 (205) 244-5237 ebrazeal@joneswealker.com INTERSTATE WASTE: S&P Affirms 'B' ICR, Outlook Negative ------------------------------------------------------- S&P Global Ratings affirmed the 'B' issuer credit rating on Interstate Waste Services Inc. (IWS). The 'B' issue-level and '3' recovery ratings on the senior secured debt issued by its borrowing subsidiary, The Action Environmental Group Inc., are unchanged. S&P said, "The negative outlook reflects our expectation that IWS' S&P Global Ratings-adjusted debt to EBITDA will remain elevated over the next 12 months as the company carries out its business expansion strategy." IWS, a privately held waste services company operating in the northeastern U.S., completed its acquisition of North Atlantic Waste & Recycling and Seaside Waste Services over the past couple of months. S&P said, "We anticipate IWS' leverage will be stretched for the current rating amid bolt-on acquisitions and elevated cap-ex, benefits from which will be realized later. We expect leverage will be elevated in 2025 as the company pursues debt-financed bolt-on acquisitions to expand its infrastructure and support future earnings growth. We anticipate the rollout of the Commercial Waste Zones (CWZ) program will lead to market share gains, along with recent acquisitions, will contribute to earnings growth. This should improve profitability in subsequent years. We expect this will facilitate a reduction in leverage from elevated 2025 level, reflecting the company's investment in business expansion. We forecast a return to positive free operating cash flow (FOCF) in 2026 due to reduced capex and improving earnings. We believe the company will maintain adequate liquidity throughout this period. However, the company's acquisitive strategy could limit rating flexibility if debt-funded acquisitions continue, potentially sustaining elevated leverage for an extended period. "Our base-case forecast incorporates our expectation that IWS will increase its regional market share in the waste collections business over the next 24 months because of the implementation of the CWZ zoning plan in NYC. Under New York City's new CWZ program, the company was awarded the rights to participate and serve customers in at least 14 out of 20 zones--each zone features up to three operators with exclusive rights--plus one containerized (roll off) zone. After the implementation of the pilot zone in January 2025, we assume the first two zones that IWS will operate launch in October this year and will be fully implemented as of Dec. 1, 2025. While the final roll-out schedule for the majority of the zones is uncertain at this stage, our base case assumes all zones are implemented over the next two years and that the company benefits from the increase in its waste collection market share and earnings from new customers, which will support deleveraging. "The negative outlook on IWS reflects our expectation its credit metrics will be stretched for the current rating, including weighted-average S&P Global Ratings-adjusted debt to EBITDA in the higher end of the 6x-7x range on a stand-alone basis and in the higher end of 7.5x-8.5x including broader financial obligations. We expect the company will generate negative FOCF in 2025, due to its high start-up and growth spending but anticipate it will maintain adequate liquidity over the next 12 months and generate positive FOCF in 2026. Our base-case scenario assumes some debt-funded acquisition spending beyond 2025 but at a significantly lower level than in 2024 and 2025. We do not assume any debt-funded shareholder rewards in our base case." S&P could consider downgrading IWS in the next year if: -- Its operating performance deteriorates due to competitive pressures, operational disruptions, challenges in achieving its targeted synergies or integrating acquisitions, unexpected delays and overruns related to the roll out of the CWZ program, or a deep and prolonged recession; -- It undertakes additional debt-financed acquisitions or growth projects or debt-funded shareholder returns such that its weighted-average S&P Global Ratings-adjusted debt to EBITDA remains consistently above 7x on a stand-alone basis and above 8.5x including broader financial obligations, with no clear prospects for recovery; and -- Its persistently negative FOCF generation strains its liquidity or pressures its covenant compliance. S&P could consider revising its outlook on IWS to stable in the next year if: -- Its earnings are stronger than expected due to higher-than-anticipated volumes or EBITDA margins supported by its continued internalization, integration of planned acquisitions, and the ramp up of its growth projects; -- There is increased certainty around achieving positive FOCF in the next few quarters; and -- S&P believes its financial policies are supportive of maintaining weighted average S&P Global Ratings-adjusted debt to EBITDA of consistently below 6.5x on a stand-alone basis or below 8.0x including broader financial obligations. IYA FOODS: Court Extends Cash Collateral Access to Oct. 25 ---------------------------------------------------------- Iya Foods Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral in which Village Bank and Trust, N.A. and the U.S. Small Business Administration may claim an interest. The tenth interim order extended the Debtor's authority to use cash collateral from September 29 to October 25. The Debtor must use cash collateral in accordance with its budget, which projects total operational expenses of $136,803.00 for the period from September 29 to October 26. The next hearing is scheduled for October 22. The Debtor believes that Village Bank and Trust and SBA are the only creditors that may have an interest in its cash collateral. Both assert interests in the Debtor's assets, which stemmed from the loans they provided to the Debtor prior to the petition date. As of the petition date, the Debtor owed approximately $2.9 million to Village Bank and Trust. About Iya Foods Inc. Iya Foods Inc. is a company that specializes in producing and offering African superfoods. Its products are plant-based, gluten-free, non-GMO, kosher, and free from preservatives, additives, or artificial ingredients. The company focuses on creating nutritious and delicious ingredients that can be used in a variety of recipes, making them accessible to people with dietary preferences or restrictions, such as those following vegan or gluten-free diets. Iya Foods filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-00341) on January 10, 2025, listing between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Deborah L. Thorne handles the case. The Debtor is represented by Justin R. Storer, Esq., at the Law Office of William J. Factor. Village Bank and Trust, N.A., a secured creditor, is represented by: Andrew H. Eres, Esq. Dickinson Wright PLLC 55 W. Monroe, Suite 1200 Chicago, IL 60603 Phone; 312-377-7891 Email: aeres@dickinson-wright.com JB GROUP: U.S. Trustee Appoints Creditors' Committee ---------------------------------------------------- David Asbach, Acting U.S. Trustee for Region 5, appointed an official committee to represent unsecured creditors in the Chapter 11 case of JB Group of LA, LLC. The committee members are: 1. Jones Contractors, Inc. ATTN: Amber Lay 2785 Old Jackson Road Henderson, TN 38340 Telephone: (731) 989-0545 Amber.l@jonescontractors.com Counsel: Joe Briggett, Esq. Baker, Donelson, Bearman, Caldwell & Berkowitz, PC 201 St. Charles Avenue, Suite 3600 New Orleans, LA 70170 Telephone: (504) 566-5211 Jbriggett@bakerdonelson.com 2. MMR Constructors, Inc. ATTN: Matthew Welborn 15961 Airline Highway Baton Rouge, LA 70817 Telephone: (225) 612-8156 mwelborn@mmrgrp.com Counsel: Mark Mintz, Esq. Jones Walker, LLP 201 St. Charles Avenue, 47th Floor New Orleans, LA 70170 Telephone: (504) 582-8368 mmintz@joneswalker.com 3. First Horizon Bank ATTN: Barry Turner P.O. Box 330189 Miami, FL 33233 Telephone: (305) 699-4392 bt@bstpa.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About JB Group of LA LLC JB Group of LA LLC, doing business as ISG Infrastructure Group, provides electrical, instrumentation, communications, and renewable energy solutions to public and private sector clients, including the U.S. Army Corps of Engineers, military installations, state departments of transportation, and industrial customers in data, energy, and manufacturing sectors. JB Group of LA LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. La. Case No. 25-10807) on September 12, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. The Debtor is represented by Paul Douglas Stewart, Jr., Esq. at Stewart Robbins Brown & Altazan, LLC. KID FRIENDLY: Gets Interim OK to Use Cash Collateral Until Oct. 31 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division, granted Kid Friendly Academy, LLC interim authority to use cash collateral. The court authorized the Debtor to use cash collateral until October 31 for normal operating expenses such as rent, wages, insurance, taxes, and utilities, capped at 115% of projected expenses outlined in its budget. The budget projects total operational expenses of $22,542.15 for week 1; $24,049.15 for week 2; $22,542.15 for week 3; and $23,542.15 week 4. To protect the lenders' interests, the court granted them replacement liens on post-petition property similar to their pre-bankruptcy collateral. These liens are deemed perfected automatically and exclude any bankruptcy avoidance actions. The order preserves the rights of all parties to contest liens, oppose cash collateral use after the interim period, or seek additional relief. All cash collateral must be deposited in the debtor-in-possession account at U.S. Bank. A final hearing is scheduled for October 21. Kid Friendly Academy LLC Kid Friendly Academy, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-51632) on September 22, 2025, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Alan M. Koschik presides over the case. Peter G. Tsarnas, Esq., at Gertz & Rosen, Ltd. represents the Debtor as legal counsel. KIDSVILLE LEARNING: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Kidsville Learning Centers, Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, to use cash collateral through October 15. The court's interim order authorized the Debtor to use cash collateral to pay the expenses set forth in its budget, including payroll that was due on October 3, subject to a 10% variance. As adequate protection, secured creditor Amerant Bank, N.A. will be granted replacement liens on post-petition cash collateral, maintaining the same validity, extent and priority as its pre-bankruptcy liens. To the extent it asserts liens on the cash collateral, the Internal Revenue Service will be granted protection under Bankruptcy Code Sections 361 and 363, with final determinations reserved for the next hearing. The court did not require any adequate protection payments at this stage but directed the Debtor to remain current on post-petition payroll trust fund taxes. The order remains subject to modification, and all parties retain the right to seek additional relief. A final hearing is scheduled for October 15. Kidsville, which filed for bankruptcy protection on September 21, operates a childcare and primary education facility in Miami, Florida. The Debtor's assets are modest, totaling around $24,000 in value, and are subject to liens from secured creditors. Amerant holds a senior lien on substantially all assets of the Debtor under a UCC-1 financing statement originally filed in 2014 and continued in 2024. Additionally, the IRS filed three federal tax liens in 2025 for unpaid payroll taxes from 2022 to 2025, with a total liability of approximately $49,656. These IRS liens are junior to Amerant's. The Debtor's landlord, 1435 Collins Avenue Corp., has a writ of possession for the leased premises but no money judgment or perfected lien, making it an unsecured creditor with a claim estimated at $304,602, subject to offsets. About Kidsville Learning Centers Kidsville Learning Centers, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21000) on September 21, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Laurel M. Isicoff presides over the case. Aramis Hernandez, Esq., represents the Debtor as legal counsel. KOSMOS ENERGY: Mexico Unit Secures $250M Senior Secured Term Loan ----------------------------------------------------------------- Kosmos Energy Ltd. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that its wholly owned subsidiary, Kosmos Energy Gulf of Mexico Operations, LLC, and certain of Borrower's Gulf of America related affiliates entered into a Senior Secured Term Loan Credit Agreement with Shell Trading (US) Company and Ankura Trust Company, LLC, as administrative agent and collateral agent. The following is a summary of the key terms of the Credit Agreement and related agreements: * Amounts: The Credit Agreement provides for a term loan facility that is structured in two tranches, with the first tranche consisting of a 4-year term loan in an aggregate principal amount of $150,000,000, to be funded this month, and a second tranche comprising commitments to lend up to an additional $100,000,000, available for drawing until April 1, 2026. * Use of Proceeds: The Borrower intends to use the proceeds from the Term Loan Facility to fund the redemption or repayment of the Company's outstanding 7.125% senior notes due 2026. Thereafter, the Borrower may use any available proceeds from the Term Loan Facility for providing working capital and funding general operating expenses of the Borrower. * Interest: Interest on outstanding loans under the Term Loan Facility is payable quarterly in arrears at a rate per annum equal to the Term SOFR for such Interest Period plus the applicable rate of 3.75% per annum. * Guarantee: The Borrower's obligations under the Term Loan Facility are guaranteed by the Guarantors. Each Guarantor has agreed to guarantee the obligations of each other Loan Party and to grant to the Agent, for the benefit of the secured parties, first priority liens on certain collateral. * Security: Subject to certain exceptions, the obligations of the Loan Parties under the Term Loan Facility are secured by first priority liens on certain assets of the Loan Parties, including all Gulf of America Assets (as defined in the Credit Agreement) owned by the Loan Parties or their respective subsidiaries. * Covenants: The Credit Agreement contains customary affirmative and negative covenants, including covenants that affect the ability of the Loan Parties and their respective subsidiaries to incur additional indebtedness, create liens, merge, dispose of assets, and make distributions, dividends, investments or capital expenditures, among other things. * Events of Default: The Credit Agreement includes certain customary representations and warranties, indemnities and events of default that, subject to certain materiality thresholds and grace periods, arise as a result of a payment default, failure to comply with covenants, material inaccuracy of representation or warranty, and certain bankruptcy or insolvency proceedings. If there is an event of default, the Lender may declare all or any portion of the outstanding indebtedness to be immediately due and payable and exercise any rights they might have (including against the collateral). The foregoing description of the Credit Agreement is not complete and is qualified in its entirety by reference to the text of the Credit Agreement. A copy of the Credit Agreement will be filed as an exhibit to Kosmos Energy's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. About Kosmos Energy Ltd. Kosmos Energy Ltd. is a Dallas, Texas based publicly traded exploration and production company with the main producing assets offshore West Africa, as well as assets in the US Gulf of America. As of June 30, 2025, the Company had $5.2 billion in total assets, $4.2 billion in total liabilities, and $1 billion in total stockholders' equity. * * * In June 2025, S&P Global Ratings lowered its issuer credit rating two notches to 'CCC+' from 'B' on Kosmos Energy Ltd. S&P said, "At the same time, we lowered our issue-level rating on Kosmos' unsecured debt to 'CCC' from 'B' and revised our recovery rating to '5' from '4', due to a lower estimated valuation at our recovery price assumptions. The '5' recovery rating indicates our expectation for modest (10%-30%; rounded estimate: 15%) recovery of principal to creditors in the event of a payment default. The negative outlook reflects the likelihood that we could lower the rating if the company is unable to refinance its near-term maturities in a timely and favorable manner or if liquidity deteriorates further." KRONOS ACQUISITION: Nuveen Floating Marks $3.6MM Loan at 14% Off ---------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $3,642,824 loan extended to Kronos Acquisition Holdings Inc. to market at $3,120,680 or 86% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B to Kronos Acquisition Holdings Inc. The loan accrues interest at a rate of 8.296% per annum. The loan matures on July 8, 2031. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Kronos Acquisition Holdings Inc. Kronos Acquisition Holdings Inc. operates as a holding company. The Company, through its subsidiaries, manufactures personal and home care products. LACKAWANNA ENERGY: S&P Assigns 'BB-' Rating on Senior Secured Debt ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB-' rating and '2' recovery rating to Lackawanna Energy Center LLC's (LEC) $900 million term loan B (TLB), $70 million term LC facility, and $120 million revolving credit facility (RCF). The '2' recovery rating indicates S&P's expectation for substantial (70%-90%; rounded estimate: 75%) recovery in a default scenario. The project used proceeds from the TLB to repay two existing TLBs and mezzanine debt at the holding company, and to pay transaction-related expenses. The $120 million RCF and $70 million term LC facility replaced the existing $120 million RCF and existing $82 million TLC. S&P said, "Based on our view of industry factors and market-driven variables, such as power demand and the pace and magnitude of the retirement of uneconomical units, as well as commodity and capacity pricing, we forecast a minimum debt service coverage ratio (DSCR) of 1.36x and a median DSCR of 1.42x for LEC (including the post-refinancing period). "The stable outlook reflects our expectation that LEC would generate at least a minimum DSCR of 1.36x through the project's life, which includes the post-refinancing period (2033-2048). Based on our view of the current market environment, we project the total TLB balance of about $525 million at maturity in 2032." LEC is a 1,483 megawatt (MW) combined-cycle natural gas-fired power plant in Jessup, Pa., in the Mid-Atlantic Area (MAAC) sub-region of PJM. The plant commenced operations in 2019 and benefits from stable long-term energy margins underpinned by a gas netback agreement (GNA). The project was developed by Invenergy and has a partnership with Global Infrastructure Partners, part of BlackRock. LEC issued a new TLB, Term LC Facility, and revolver to refinance its existing capital structure. LEC issued a $900 million seven-year senior secured TLB due 2032, a $70 million seven-year senior secured term LC facility due 2032, and a $120 million five-year senior secured revolver due 2030. The project used the TLB proceeds to repay existing term loans and the holding company's mezzanine debt of about $851 million, as well as transaction costs. The project replaced the existing revolver and TLC with the new revolver and term LC facility. S&P said, "The project has had adequate operational performance, but financial performance did not meet our expectations. Since the start of operations, the project has maintained a solid operational track record, with an average capacity factor of 78%. However, financial results have fallen short. Following LEC's most recent issuance of TLBs in mid-2023, the project has made the mandatory 1% amortization payments on the TLBs, but without additional cash sweeps. This underperformance is primarily attributed to weak market conditions in 2023, when realized spark spreads after hedging averaged approximately $11 per megawatt hour (/MWh), and capacity prices were suppressed at $49.49 per megawatt day (/MW-day). In addition to the impact of lower power prices, the GNA--which links gas prices to power prices--did not favor LEC in a high market heat rate environment. In 2023, the project generated unlevered free cash flows of $35 million. It needed to draw $47 million on the RCFs to cover its debt service needs. In contrast, 2024 financial results showed improvement. LEC benefited from its energy hedge, realizing an average spark spread of approximately $19/MWh. Although capacity price remained low at $49.49/MW-day, the project generated $105 million in unlevered free cash flow and was able to repay a portion of the revolver balance outstanding. The trend continued in the first half of 2025, when LEC generated excess free cash flow and repaid an additional $10 million of the revolver. As of the end of second-quarter 2025, the remaining balance on the revolver was $22 million. "With near-to-medium term tailwinds in the power market, we believe LEC's CFADs will increase. In the near-to-medium term, with data centers coming online, the current shortage of power supply, and grid interconnection queue issues, we anticipate power prices will rise. This should enable the project to generate higher energy margins. In addition, with higher cleared capacity prices and our assumed long-term capacity price outlook, we expect the project's CFADS will improve compared with historical levels. For the 2025-2026 delivery year, capacity prices cleared at $269.49/MW-day in PJM MAAC, which is expected to result in approximately $80 million in incremental cash flows compared with the previous delivery year. Capacity prices for 2026-2027 cleared higher at $329/MW-day. Given LEC's proven operational performance track record, we anticipate the project will generate higher CFADS than in previous years and will be able to sweep a portion of CFADS toward TLB paydown during the TLB term. "Due to a higher debt balance from refinancing, combined with normalized spark spreads over the long term, we expect overall DSCRs to decrease. Although CFADSs is projected to be higher in the near-to-medium term, the increased debt balance will result in rising debt service obligations, reducing the excess cash flow available for TLB paydown. In the long term, we anticipate spark spreads will normalize as more renewables and potentially other technologies come online to increase power supply, which is expected to reduce the project's CFADS. Taking all these factors into account, we project a minimum DSCR of 1.36x and a median DSCR of 1.42x during the post-refinancing period. Although we believe the forecast DSCR remains consistent with the current rating, it is lower than our existing DSCR levels. "The stable outlook reflects our expectation that LEC would generate at least a minimum DSCR of 1.36x through the project's life, which includes the post-refinancing period (2033-2048). Based on our view of the current market environment, we project the total TLB balance of about $525 million at maturity in 2032." S&P could take a negative rating action if: -- LEC is unable to sustain a minimum DSCR of 1.35x. This could result from lower-than-expected capacity factors, weaker energy margins, decreased capacity prices, or operational problems such as forced outages and lower plant availability; or -- The project's cash flow sweeps are lower than S&P's forecast, leading to a higher-than-expected debt balance at maturity and, consequently, a weaker minimum DSCR, absent any other mitigating factors. Although unlikely during our outlook period, S&P could consider an upgrade if it believes LEC can achieve a minimum DSCR of at least 1.8x, including during the refinancing period. This outcome would largely stem from highly favorable business conditions that lead to widening spark spreads or from higher-than-expected capacity pricing, while maintaining robust operational performance. LCPR LOAN: Nuveen Floating Marks $1.8MM Loan at 24% Off ------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $1,832,000 loan extended to LCPR Loan Financing LLC to market at $1,399,950 or 76% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B to LCPR Loan Financing LLC. The loan's interest rate and maturity are to be determined. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About LCPR Loan Financing LLC LCPR Loan Financing LLC provides television services. LH PROPERTY: Seeks Cash Collateral Access on Final Basis -------------------------------------------------------- LH Property Group LLC asks the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, for authority to use cash collateral on a final basis. The Debtor, owned by Lashawnna Holder, owns five inherited single-family rental properties located in Decatur and Stone Mountain, Georgia. Of these, only one property is currently rented, generating $500 per month, which is deposited into a debtor-in-possession account. The Debtor acknowledges that mortgage lenders such as NewRez LLC, doing business as Shellpoint Mortgage Servicing, may have pre-bankruptcy liens on the rental income through assignments or deed provisions. While not conceding the validity or extent of those liens, the Debtor is treating the rent as cash collateral and is seeking court approval to use it strictly for ordinary operating expenses, as outlined in a detailed budget. To comply with bankruptcy rules and creditor protections, the Debtor proposes several adequate protection measures, including: 1. Replacement liens on post-petition rents for any valid pre-bankruptcy lienholders; 2. Maintaining property insurance and staying current on property taxes; 3. Keeping the properties in good repair; 4. Segregating funds in the DIP account; and 5. Timely filing of monthly financial reports. A court hearing will be held on October 30. About LH Property Group LLC LH Property Group, LLC is a Georgia-based company likely involved in real estate or property management. LH Property Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58793) on August 4, 2025. In its petition, the Debtor reported between $500,000 and $1 million in assets and liabilities. Brad Fallon, Esq., at Fallon Law, PC represents the Debtor as bankruptcy counsel. LLSSGG LLC: Seeks Chapter 11 Bankruptcy After Legal Dispute ----------------------------------------------------------- Bondoro reports that on October 6, 2025, LLSSGG LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. The bankruptcy filing follows legal disputes with HarborOne Bank over a $12 million mortgage, including two foreclosure cases in Connecticut and a related contract disagreement. Earlier in 2025, the debtor paid roughly $137,000 in back taxes and entered a reinstatement agreement, but later faced a receiver motion regarding lender legal fees. The Chapter 11 filing automatically stays the ongoing state court actions as the company works to cure and reinstate the loan, the report states. About LLSSGG LLC LLSSGG LLC, headquartered in Southampton, NY, and owner of seven residential properties in Stamford and Milford, CT. LLSSGG LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73860) on October 6, 2025. The company reports both assets and liabilities between $10 million and $50 million, with funds expected to be available for unsecured creditors. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtor is represented b yKevin J. Nash, Esq. of Goldberg Weprin Finkel Goldstein LLP. LONERO ENGINEERING: Amends Unsecureds & Secured Claims Pay ---------------------------------------------------------- Lonero Engineering Co., Inc. and the Official Committee of Unsecured Creditors submitted a First Amended Joint Combined Plan of Liquidation and Disclosure Statement dated September 30, 2025. The Plan provides for the distribution of certain proceeds of the Estate and the creation of a trust that will administer and liquidate all remaining property of the Debtor that is not sold, or transferred, by Court order or this Plan before the Effective Date of the Plan. Class I consists of the Allowed Claim of the SBA. The SBA asserts a $2,000,000.00 secured claim, secured by a prepetition second priority Lien on substantially all of the Debtor's personal property (the "Class I Secured Claim"), and a $64,176.65 general unsecured claim (the "Class I Unsecured Claim"). In full and final satisfaction of the Class I Secured Claim, the SBA shall receive each of the following: * Subject to a Final Order determining any Surcharge Motion and thirty days after entry of such Final Order, all of the proceeds of the Sale remaining on the Effective Date; * Fourteen days after the Effective Date, the Debtor shall assign the ICMS Receivables to the SBA; and * A deficiency claim equal to the Class I Secured Claim less amounts received under Article 3.1.1(a) and (b) hereof, which shall be a Class III Claim and paid pursuant to Class III. The Claims of Class II shall consist of all other Priority Creditors entitled to priority for their Allowed Claim. The Class II Claims, when Allowed, shall be paid the full face value of their Allowed Claim, without interest, as soon as practicable in the opinion of the Liquidating Trustee from the proceeds of the Creditors Trust after full and final payment of all Allowed Group I and Group II Claims, and before payment of Allowed Class III Claims, unless an objection has been filed in which case the Claim shall be paid as ordered by the Bankruptcy Court. Class III consists of the Allowed Claims of all Unsecured Creditors. The Creditors Trust shall be established for the benefit of Creditors holding Claims in (i) Group I, (ii) Group II, (iii) Class II, and (iv) Class III. The Creditors Trust shall be effective as of the later of (i) the Effective Date or (ii) the date on which a fully executed copy of the Creditors Trust is filed with the Bankruptcy Court. The corpus of the Creditors Trust shall be composed of the following: * Any and all assets, not otherwise sold or transferred in accordance with the Sale Order or this Plan (including, without limitation, Article 3.1 of this Plan), of the Debtor and the Debtor-in-Possession, including, without limitation, all Cash (after payment of all senior Claims, Administrative Claims, and Priority Claims) and Causes of Action. * After payment of all unpaid Group I and II Claims, and Class II Claims and any costs for administration of the Creditors Trust in accordance with the terms of the Creditors Trust, the Creditors Trust shall distribute any trust assets Pro Rata to Holders of Allowed Class III Claims. To the extent of available assets for distribution and subject to the terms of the Creditors Trust, distributions to Holders of Allowed Class III Claims shall occur on a bi-annual basis. * Any inconsistency between the Creditors Trust, the Plan, and the Confirmation Order shall be interpreted first in accordance with the Confirmation Order, second the Creditors Trust, and last the Plan. This Class III is Impaired. Upon the Effective Date and subject only to the terms of this Plan, all assets of the Debtor, Debtor-in-Possession, and the Estate, not otherwise sold or transferred in the Bankruptcy Case by the Sale Order, this Plan, or other Final Order of a Court, wherever situated, shall be transferred to, and vest in, the Creditors Trust, free and clear of all Liens, Claims, encumbrances and interests. The Liquidating Trustee, the Committee, and the Debtor shall execute the Creditors Trust. Under no circumstances shall any of the Debtor's officers, directors, shareholders, or other governing authorities be entitled to any compensation from the Debtor or the Creditors Trust for services provided after the Effective Date, unless such individuals are subsequently employed pursuant to a written agreement by the Creditors Trust to assist in the consummation of the Plan or in the administration of the Creditors Trust. A full-text copy of the First Amended Joint Combined Plan and Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=71mFTM from PacerMonitor.com at no charge. Counsel to the Debtor: Michael E. Baum, Esq. John J. Stockdale, Jr., Esq. Schafer and Weiner, PLLC 40950 Woodward Avenue, Suite 100 Bloomfield Hills, MI 48304 Tel: (248) 540-3340 Email: jstockdale@schaferandweiner.com About Lonero Engineering Co. Lonero Engineering Co., Inc. is a company based in Troy, Mich., which operates as a specialized machine shop providing precision machining services for complex, close-tolerance applications. Lonero sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-40041) on Jan. 3, 2025. In its petition, the Debtor reported up to $50,000 in assets and up to $500,000 in liabilities. Judge Lisa S. Gretchko handles the case. The Debtor is represented by Michael E. Baum, Esq., and John J. Stockdale, Jr., Esq., at Schafer and Weiner, PLLC. Bridge Business Credit, LLC, as lender, is represented by: Ronald A. Spinner, Esq. Miller, Canfield, Paddock and Stone, PLC 150 West Jefferson, Suite 2500 Detroit, MI 48226 Telephone: (313) 496-7829 Facsimile: (313) 496-7500 Email: spinner@millercanfield.com M & M BUCKLEY: Court Extends Cash Collateral Access to Nov. 20 -------------------------------------------------------------- M & M Buckley Management, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The tenth interim order signed by Judge Janet Baer approved the use of cash collateral through November 20 to pay the expenses set forth in the Debtor's budget attached as Exhibit A, subject to a 10% variance. The budget projects total operational expenses of $19,751.00 for October. As adequate protection for the Debtor's use of its cash collateral, Community Loan Servicing, LLC will be granted post-petition replacement liens on the cash collateral and property acquired by the Debtor after its Chapter 11 filing. The replacement liens will have the same priority and extent as Community Loan Servicing's pre-bankruptcy liens. As additional protection, the Debtor was ordered to pay $16,500 to Community Loan Servicing and keep its real property insured, listing Community Loan Servicing as the lien holder, with $7,500 held in escrow for 2024 real estate taxes. The final hearing is scheduled for November 19. About M & M Buckley Management Inc. M & M Buckley Management, Inc. is a professional property management company based in Richton Park, IL. It specializes in managing residential and commercial properties. M & M sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-19108) on December 23, 2024, with $1 million to $10 million in both assets and liabilities. Melvin T. Buckely, Jr., president of M & M, signed the petition. Judge Janet S. Baer handles the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. Secured creditor Community Loan Servicing is represented by: Jill Sidorowicz, Esq. Noonan & Lieberman, Ltd. 33 N. LaSalle Street, Suite 1150 Chicago, IL 60602 Phone: (312) 605-3500 MAXEON SOLAR: Bin Zhou Appointed Non-Executive Director ------------------------------------------------------- Maxeon Solar Technologies, Ltd. disclosed in a Form 6-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors appointed Mr. Bin Zhou to serve as a non-executive director of the Company. Mr. Zhou is a designee of Zhonghuan Singapore Investment and Development Pte. Ltd., the Company's controlling shareholder, pursuant to the Shareholders Agreement dated August 26, 2020, as amended and supplemented on June 20, 2024. Mr. Zhou replaces Mr. Wang Yanjun, whose resignation as a director was effective September 30, 2025. Following the resignation of Mr. Wang Yanjun, Mr. Zhou has also been appointed as a member of the Company's Compensation Committee and Strategy & Transformation Committee. Mr. Zhou is a seasoned financial and management executive with over 17 years of experience leading strategic growth initiatives for multinational corporations. Since June 2023, he has served as Head of Strategy and Investment at TZE, with responsibility for TZE's overall corporate development, mergers & acquisitions, and market intelligence. Prior to joining TZE, he played a key role in driving expansion into ASEAN countries for leading payment companies such as Tencent, where from October 2021 to May 2023, he was Regional Director, Strategy & Development based in Singapore, and UnionPay International, where between May 2019 and October 2021, he was Regional Business Development Manager based in Singapore. Earlier in his career, Mr. Zhou built a strong track record in capital markets on both the buy-side and sell-side, closing significant transactions as senior investment director for Fosun International (HK listed conglomerates) and J.P. Morgan (Global Investment Bank). His expertise spans financial analysis, strategic planning, M&A execution, and investment strategy. Mr. Zhou holds a Bachelor of Business Administration from the Shanghai University of International Business and Economics and an Executive MBA from the National University of Singapore. About Maxeon Solar Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American SunPower company before it was spun off in August 2020. Maxeon is still the primary provider of solar panels for SunPower. Singapore-based Ernst & Young LLP, the Company's auditor since 2020, issued a "going concern" qualification in its report dated April 30, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, citing that the Company has suffered recurring losses from operations and negative free cash flows and has stated that substantial doubt exists about the Company's ability to continue as a going concern. As of Dec. 31, 2024, the Company had $376.27 million in total assets, $664.64 million in total liabilities, and $288.37 million in total deficit. MEDICAL SOLUTIONS: Nuveen Floating Marks $5.2MM 1L Loan at 44% Off ------------------------------------------------------------------ Nuveen Floating Rate Income Fund (JFR) has marked its $5,216,000 loan extended to Medical Solutions Holdings, Inc., to market at $2,897,045 or 56% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a First Lien Term Loan to Medical Solutions Holdings, Inc. The loan accrues interest at a rate of 7.908% per annum. The loan matures on November 01, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Medical Solutions Holdings, Inc. Medical Solutions offers travel healthcare jobs in all 50 states, D.C., and Guam, with benefits, housing, and 24/7 customer care. MERCER INTERNATIONAL: S&P Lowers ICR to 'B-' on High Debt Leverage ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Mercer International Inc. to 'B-' from 'B'. The outlook is stable. S&P also lowered its issue-level rating on the company's unsecured debt to 'B-' from 'B'. The stable outlook reflects S&P's expectation for meaningful earnings and cash-flow growth over the next couple of years, with the adjusted debt-to-EBITDA ratio improving to the mid- to high-6x area in 2026 and about 5x in 2027, in large part due to healthier demand-supply balance and higher pulp prices. S&P said, "We believe challenging market conditions will lead to meaningfully weaker-than-anticipated near-term earnings and cash flows, with adjusted debt to EBITDA remaining above 6x through 2026. We now expect the company to generate consolidated adjusted EBITDA of about $105 million in 2025 compared with the approximately US$240 million we expected a year ago, a decline of about 55% from 2024. This is due in large part to higher unit cash costs, mostly attributable to rising fiber costs, moderating pulp prices in the company's key markets (particularly China), and higher maintenance downtime. We expect regional Northern Bleached Softwood Kraft (NBSK) pulp prices to decline this year as trade policy uncertainty continues to hamper demand. Furthermore, we expect fiber costs will trend higher this year in Mercer's pulp production. This is because of lower availability of cheaper beetle-infected timber for its German pulp mills and weaker woodchip supply in Canada as a result of curtailments of unprofitable Canadian lumber sawmills, which are facing about a 20% increase in duties on shipments to the U.S., in addition to a recently announced 10% tariff that could take effect on Oct. 14 under Section 232 of the U.S. Trade Expansion Act. "We expect the company's weaker pulp earnings will be partially offset by its wood products segment, which should generate near-breakeven EBITDA this year compared to a loss over the last two years. We assume Mercer's lumber earnings will continue to grow on higher realized prices as the company sells more lumber from its sawmill operations in Germany to the U.S. This shift in sales should help offset lower earnings from the segment's mass timber business as construction activities slow in the U.S. amid macroeconomic uncertainty and negative earnings from its pallet business due to slower macroeconomic growth in Europe. "Beyond this year, we expect a rebound in annual adjusted EBITDA, driven by stronger NBSK pulp prices across all regions. The increase is attributable to higher demand as trade tensions ease, customers replenish lower inventory levels, and the aggregate supply of NBSK globally remains stable. Our expectation for pulp earnings to expand in 2026 also reflects modest improvement in pulp cash costs as the company offsets higher-cost fiber with its upgraded wood rooms in Canada and other cost-reduction initiatives. In addition, we expect adjusted EBITDA generation in the company's wood products segment to turn positive in 2026 based on our view that demand for lumber and mass timber will improve as lower interest rates in the U.S. spur higher construction activity. Similarly, we expect demand for shipping pallets to improve in Europe from increased government infrastructure spending. "On a consolidated basis, we expect annual adjusted EBITDA to increase to about US$230 million in 2026, with adjusted debt to EBITDA improving to the mid- to high-6x area from well over 10x this year. We view these credit metrics over the next few quarters to be inconsistent with those of other companies we rate in the 'B' category, particularly given Mercer's looming debt maturities in late 2028 and early 2029. "We continue to view Mercer's liquidity as adequate and cash-flow generation to turn positive in the fourth quarter. As of June 30, 2025, Mercer's liquidity consisted of $146 million in cash on hand and $290 million of availability under its revolving credit facilities, which mature in September 2027. Our base-case assumption is for liquidity sources to decrease somewhat as the company uses its cash to fund its free cash flow deficits in the third quarter before turning positive in the fourth quarter of 2025, remaining positive thereafter. As a result, we believe the company has sufficient liquidity to absorb potentially weaker near-term earnings and cash flows and for debt levels to remain steady at just above $1.5 billion. "The downgrade also reflects our view of the refinancing risks Mercer faces, with significant debt maturities in late 2028 and early 2029. As of June 30, 2025, the company had about $617 million of its debt (about 40% of total gross debt) due in 2027 and 2028. This includes about $21 million drawn on its Canadian credit facility due January 2027, $196 million drawn on its German revolving credit facilities due September 2027, and its $400 million of senior unsecured notes due October 2028. The company also has US$875 million of 5.13% notes due in February 2029. As a result, refinancing risk has become an increasing rating consideration, particularly given the market challenges and the company's need to improve earnings to address its maturity profile and sustain its existing capital structure. In our view, this makes Mercer more vulnerable to weaker macroeconomic conditions that could delay or subdue earnings growth over the next couple of years. "We expect Mercer's profitability to remain highly volatile over the next few years. The company generates nearly all its adjusted EBITDA from its pulp production (including the sale of electricity as a byproduct of the pulping process) because its wood products segment has remained unprofitable over the last few years. That said, NBSK pulp prices are volatile and have contributed to material fluctuations in the company's profitability through past business cycles, including consolidated adjusted EBITDA margins ranging from a peak of 27% in 2021 to a trough of 1.5% 2023. The magnitude of the underperformance of Mercer's forecast credit metrics this year (and in 2023, when the company's adjusted EBITDA fell to about $30 million from about $550 million in 2022 as pulp prices fell from historical highs) underscores the highly volatile nature of its earnings and cash-flow generation because of its exposure to volatile commodity prices and high operating leverage. "We think this volatility in the company's profitability will likely persist beyond next year. We expect long-term (beyond 2026) NBSK prices to remain vulnerable to downward pressure from softer global demand amid uncertain macroeconomic growth conditions and lower margins from paper producers. In addition, Mercer is materially exposed to volatile input costs, particularly fiber, which accounts for about 55% of its pulp cash production costs and is mostly sourced from third-party vendors. This exposes the company to inflationary pressure when fiber availability is constrained. Furthermore, we believe the expansion of the company's wood products segment (mainly through acquisitions of a mass timber business in the U.S. in 2022 and a pallet business in Germany in 2023) increases the likelihood of greater swings in the company's cash flows and profitability due to their sensitivity to lumber, mass timber, and pallet pricing, which will likely fluctuate with construction demand. "Mercer has limited direct tariff exposure. We don't anticipate a material direct tariff impact on Mercer from current global trade disputes due to limited cross-border sales with the U.S. The company exports only 10% of its pulp production to the U.S., and the rest is either consumed locally (within the company's production footprint in Canada and Germany) or shipped to other international markets, particularly Europe and Asia. In addition, sales within the company's wood products segment (comprising its lumber, mass timber, and pallet businesses) are primarily within the domestic markets, except for lumber, where the company shifts its sales volumes (up to 45%) from its German mills to the U.S. due to market-pricing dynamics. "The stable outlook reflects our expectation for meaningful earnings and cash-flow growth over the next couple of years, with the adjusted debt-to-EBITDA ratio improving to the mid- to high-6x area in 2026 and about 5x in 2027. In addition, we expect adjusted interest coverage above 2x beyond this year, driven in large part by healthier demand-supply balance and higher pulp prices. "We could lower our ratings on Mercer if its financial position deteriorates such that we view its capital structure as unsustainable. This could occur if unit cash costs remain elevated without being offset by stronger commodity prices, thereby restricting the company's ability to generate positive free operating cash flow (FOCF). In this scenario, we could expect the company's adjusted EBITDA interest coverage to remain below 1.5x or heightened refinancing risks. We could also lower the rating if Mercer's liquidity position becomes constrained, potentially resulting from reduced availability under its revolving credit facilities. "We could raise our ratings on Mercer over the next 12 months if market conditions improve, leading us to believe that adjusted debt to EBITDA will likely be sustained well below 6x, with adjusted interest coverage remaining well above 1.5x. In this scenario, we would also expect the company to sustain positive FOCF with improving prospects to refinance its 2028 and 2029 debt maturities and adequate liquidity." MICHAELS COMPANIES: Nuveen Credit Marks $5MM Loan at 15% Off ------------------------------------------------------------ Nuveen Credit Strategies Income Fund (JQC) has marked its $5,000,176 loan extended to Michaels Companies, Inc. to market at $4,264,000 or 85% of the outstanding amount, according to Nuveen Credit's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JQC is a participant in a Term Loan B to Michaels Companies, Inc. The loan accrues interest at a rate of 8.807% per annum. The loan matures on April 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Credit Strategies Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Michaels Companies, Inc. Michaels Companies, Inc. is a privately held American retail company specializing in arts, crafts, framing, floral, and seasonal home decor, with over 1,200 stores in the U.S. and Canada and a major online presence. MJD GLOBAL: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: MJD Global Disaster Restoration, LLC 1800 NW 15th Avenue, #100 Pompano Beach, FL 33069 Business Description: MJD Global Disaster Restoration, LLC, based in Pompano Beach, Florida, provides disaster restoration services, including water and fire damage restoration, mold remediation, crime scene cleanup, and flood recovery for residential and commercial clients. Established in 2013, the Company offers 24/7 emergency response across Florida. It operates within the environmental services and restoration industry and maintains an online presence through multiple platforms. Chapter 11 Petition Date: October 2, 2025 Court: United States Bankruptcy Court Southern District of Florida Case No.: 25-21681 Judge: Hon. Peter D. Russin Debtor's Counsel: Kevin Christopher Gleason, Esq. FLORIDA BANKRUPTCY GROUP, LLC 4121 N 31 Ave Hollywood FL 33021 Tel: (954) 893-7670 Email: bankruptcylawyer@aol.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jean M Delvar as manager and member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JKRN73Y/MJD_Global_Disaster_Restoration__flsbke-25-21681__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Claimpay $3,500,000 6330 Manor Ln # 200 Miami, FL 33143 Wifredo Phone: (305) 984-9115 Email: wilfredo@claimpay.net 2. LJ Home Service $334,985 6888 Julia Gardens Dr Coconut Creek, FL 33073 Lucca Gomes de Phone: (954) 225-2547 3. Mike Janitorial & Consultant $300,085 1907 NE 2nd ST Deerfield Beach, FL 33441 Michael Trupiano Phone: (954) 471-0920 4. All Trade USA $61,700 2709 Washington St Hollywood, FL 33020 John Bracelly Phone: (954) 471-7058 5. Mitsui Financial Services Professional $35,000 3600S State Rd 7 Suite 10 Services Miramar, FL 33023 Veronique Mildor Phone: (954) 589-5070 Email: mitsuifinancialservices@gmail.com 6. Jean Fritzner Florian $25,000 1337 Everitt Ave Panama City, FL 32401 Phone: (786) 314-9484 7. Kei Property Landlord $25,000 1922 NE 149 Street North Miami, FL 33181 Phone: (954) 455-1111 8. Jean A Esther $18,311 100 NE 165th Street North Miami Beach, FL 33162 9. NE Louisiana Container LLC $18,012 3751 US-165 Monroe, LA 71202 Lisa Jordan Phone: (318) 376-4151 Email: nelacontainers@yahoo.com 10. Etzer Fortune $15,000 7250 Brunswick Circle Boynton Beach, FL 33472 11. Rob Feliciano Breach of $15,000 c/o Blue Line Law Firm, LLC Contract 1645 Palm Beach Lakes Blvd., # 1200 West Palm Beach, FL 33401 ESQ Kevin Drummond Phone: (888) 611-9511 Email: intake@tbllf.com 12. Milbery& Kesselman, CPA Professional $8,310 2800 W State Rd 84 Suite 105 Services Fort Lauderdale, FL 33312 Jennifer Vadalabene Phone: (954) 744-8552 13. Rigau Villarson $8,100 1281 NE 209th Terrace Miami Gardens, FL 33179 14. STGO PRO4MANCE LLC $4,000 1 South Blvd E Unit 3001 Davenport, FL 33837 Emmanuel Santiago Phone: (407) 902-8810 Email: emmanuel.santiago@stgopro4mance.com 15. Amour Delva $3,726 4106 Riverside Dr Apt 4 Coral Springs, FL 33065 16. State of Florida Red Light $64 2900 Apalachee Pkwy Ticket Tallahassee, FL 32399 17. Blandford Air Quality $1 13860 Wellington Trace 38-114 Wellington, FL 33414 Owen Blandford Phone: (561) 506-8127 Email: oblanford70@gmail.com 18. Get Liquid Funding LLC $1 2290 10th Ave N Lake Worth, FL 33461 Phone: (561) 331-6992 19. Joseph Wald, Esq. $1 Katranis, Wald & Gardner, P.L.L.C. 501 E. Las Olas Blvd. # 200/300 Fort Lauderdale, FL 33301 Esq Joseph Wald Phone: (754) 231-8107 Email: joseph@kwglegal.com 20. Payless Janitorial $1 500 NE 171 St Miami, FL 33179 Limor Elazar Phone: (954) 533-6613 MOD JEWELRY: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 cases of MOD Jewelry Group, Inc. and Steel Horse Jewelry, Inc., according to court dockets. About Mod Jewelry Group Inc. Mod Jewelry Group, Inc. operates a branded jewelry business, specifically focused on motorcycle-themed products. Mod Jewelry Group and its affiliate, Steel Horse Jewelry, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-20333) on September 4, 2025. At the time of the filing, Mod Jewelry Group reported between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities while Steel Horse Jewelry reported between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Judge Peter D. Russin oversees the cases. Jordan L. Rappaport, Esq., at Rappaport Osborne & Rappaport, PLLC, represents the Debtors as legal counsel. MOLINA VENTURES: Gets Another Approval to Access Cash Collateral ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, granted Molina Ventures, LLC's bid to use cash collateral to fund operations. At a recent hearing, the court granted the Debtor's second amended motion to use cash collateral in accordance with a revised budget. The budget is based on a revised forecast of revenues and expenses prepared by the Debtor and adds the months of October and November to the prior budget filed in court. The Debtor emphasized that this continued use of cash collateral is critical for maintaining operations while working toward a successful reorganization. The Debtor initially received court approval for limited use of cash collateral on August 15. This was followed by a motion to amend that included provisions for paying critical vendors and presented a revised budget. The court granted this motion on September 4. The Debtor anticipates filing a Chapter 11 plan by October 31. About Molina Ventures LLC Molina Ventures, LLC, doing business as American Air Conditioning & Heating Co., provides heating, ventilation, and air conditioning services to residential and commercial clients in the San Antonio, Texas area. Molina Ventures LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 25-51802) on August 4, 2025. In its petition, the Debtor reports total assets of $726,079 and total liabilities of $2,096,654. Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor is represented by Paul Steven Hacker, Esq., at Hacker Law Firm, PLLC. MOTORMAX FINANCIAL: To Sell Residual Assets to Motors Acceptance ---------------------------------------------------------------- Motormax Financial Services Corp. seeks permission from the U.S. Bankruptcy Court for the Middle District of Georgia, to sell certain residual assets, free and clear from liens, claims, interests, and encumbrances. The Debtor was in the business of collecting accounts receivable arising primarily from the sales of automobiles and operated as a debtor-in-possession under Chapter 11, subchapter V. The Debtor proposes to sell the receivables to a related entity, Motors Acceptance Corporation. The sale, with no warranty, title or otherwise, and without any recourse. The proceeds of the sale will be paid over to the Trustee for distribution to creditors as provided by the plan. The proceeds of the sale will be paid over to the Trustee for distribution to creditors as provided by the plan. The Debtor prays for authority to sell residual receivables as is whereas, with no warranty whatsoever, to the Buyer for $2,500.00. About Motormax Financial Services Corp. Columbus, Ga.-based Motormax Financial Services Corp. filed petition for Chapter 11 protection (Bankr. M.D. Ga. Case No. 21-40100) on March 29, 2021, listing up to $100,000 in assets and up to $10 million in liabilities. Karl White, chief executive officer, signed the petition. Judge John T. Laney III oversees the case. The Debtor tapped Fife M. Whiteside, PC and Robert R. Lomax, LLC as bankruptcy counsel; MVP Law as special counsel; and Fountain Arrington Bass Mercer & Lee, P.C. as accountant. Stonebridge Accounting & Forensics is the Debtor's forensic accountant and insolvency expert. Jenny Walker serves as the Debtor's Chapter 11 trustee. The trustee tapped the Law Office of Emmett L. Goodman, Jr. LLC and Angle Wilson Law, LLC as special counsels. MY JOB MATCHER: Oct. 27, 2025 Claims Filing Deadline Set -------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware set Oct. 27, 2025, at 5:00 p.m. (prevailing Eastern Time) as the last date and time for persons or entities to file proofs of claim against My Job Matcher Inc. and its debtor-affiliates. The Court also set Jan. 2, 2026, at 5:00 p.m. (prevailing Eastern Time) as deadline for all governmental units to file their claims against the Debtors. Each proof of claim, including supporting documentation, must be filed with the Claims Agent no later than 5:00 p.m. prevailing Eastern Time on the applicable Bar Date in the following manner: a) If by Regular Mail: My Job Matcher, Inc., et al. Claims Processing c/o Stretto 410 Exchange, Suite 100 Irvine, CA 92602 b) If by Messager or Overnight Delivery: My Job Matcher, Inc., et al. Claims Processing c/o Stretto 410 Exchange, Suite 100 Irvine, CA 92602 Additionally, Proofs of Claim may be delivered electronically using the interface available on the Claims Agent's website at https://cases.stretto.com/myjobmatcher/file-a-claim/ Proofs of Claim submitted by facsimile or e-mail will not be accepted. If you mail your response to the Claims Agent for filing, you must mail it early enough so the Court will Receive it on or before the applicable Bar Date. Proofs of Claim submitted by facsimile or e-mail will not be accepted. If you mail your response to the Claims Agent for filing, you must mail it early enough so the Court will Receive it on or before the applicable Bar Date. A copy of the Bar Date Order and proof of claim form may be obtained by contacting the Debtors' Claims Agent, in writing, at Stretto, Inc. My Job Matcher, Inc., et al., Claims Processing c/o Stretto 410 Exchange, Suite 100, Irvine, CA 92602. The Bar Date Order can also be viewed on the Court's website at http://www.uscourts.gov.If you have questions concerning the filing or processing of claims, you may contact the Debtors’ claims agent, Stretto, Inc., at 1 (833) 902-4572. About My Job Matcher Inc. My Job Matcher, Inc., owns the Job.com platform, which has been developed to a cutting-edge, AI-driven recruitment platform. On July 6, 2025, My Job Matcher, Inc., and seven affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11280). In its petition, the Debtor reports estimated assets between $10 million and $50 million and liabilities ranging from $50 million to $100 million. The case is pending before the Honorable Karen B. Owens. The Debtors tapped Morris James, LLP, as counsel, and Corliss Moore & Associates, as financial advisor. Stretto is the claims agent. An official committee of unsecured creditors has been appointed in the case and is represented by Greenberg Traurig, LLP as counsel. The DIP Lenders and Prepetition Lenders are represented by Geoffrey T. Raicht, PC and Chipman Brown Cicero & Cole, LLP. Ankura Trust Company, LLC, which serves as the Agent under the DIP loan and the prepetition credit facility, is represented by A&O Shearman and Chipman Brown Cicero & Cole, LLP. Creditors Venture Debt, LLC and SOJA Ventures, LLC are represented by Bayard, P.A. and Varnum LLP. Lily Grace Investments PTY Ltd., another creditor, is represented by K&L Gates LLP. NAPA FORD: To Sell Napa Property to MAS Fleet Financing for $17MM ----------------------------------------------------------------- Napa Valley Ford Lincoln Mercury, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California, Santa Rosa Division, to sell Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor is a corporation formed and incorporated under the law of the State of Delaware and registered as a foreign corporation authorized to conduct business in the State of California. The Debtor operated a factory authorized Ford Dealership selling new and used vehicles on commercial premises commonly known as 570 Soscol Avenue, Napa, California 94559 (Soscol Avenue Property) owned by the non-debtor entity Lilmar LLC, a California limited liability company, which in turn, is solely owned by Kevin Massie the sole shareholder of Debtor. On August 20, 2025, the Debtor and MAS Fleet Financing, LLC executed an Asset Purchase Agreement (APA) to purchase the Personal Property Assets. The APA was amended and restated on October 6, 2025 to address certain concerns previously raised by the Court regarding the ability for an adequate auction sale and to compare qualified overbids. On August 20, 2025, Lilmar and MAS Fleet executed a Purchase and Sale Agreement and Joint Escrow Instruction (REPA) to purchase the Soscol Avenue Property. The assets to be sold are described as all of the estate's right, title and interest to: (i) Fixed Assets; (ii) Goodwill and Intangible Personal Property; (iii) Vehicles; (iv) Work in Process and Sublet Repairs; (v) Parts and Accessories; (vi) Used Vehicles; (vii) Miscellaneous Inventory; and (viii) Prepaid Expenses, along with (ix) all of Lilmar's rights, title, and interest in the Soscol Avenue Property (Sale Assets). The Sale Assets are being sold in an "AS IS" condition, on a "WHERE IS" basis and "WITH ALL FAULTS," and without any representation or warranties of any kind. However, the Sale Assets do not include all other assets of Debtor, including but not limited to, accounts receivables, cash and cash equivalents, contacts and agreements not assumed and assigned, employment contracts between Debtor and its employees, Debtor's dealership related reserves at banks and finance companies, all policies of insurance and Employee Benefit Plan and rights thereunder, Debtor's bank accounts, general ledger, financial journals, general books of account and corporate books, tax returns, tax information, and tax records of Debtor, vehicles and parts not specifically purchased by Buyer, all other rights to payment from third parties, and claims or causes of action that may be asserted by Debtor against third parties, including claims. The Debtor proposes to sell the Sale Assets to MAS Fleet for the sum of $17,000,000.00, which is comprised of $12,000,000.00 for the Soscol Avenue Property and $5,000,000.00 for the Personal Property Assets. The APA did not require a deposit for a purchase of the Personal Property Assets, while the REPA required an initial deposit of $50,000.00. The Debtor's sale of the Sale Assets is subject to qualified overbids (and auction) and requires approval by the Bankruptcy Court. The lienholders of the Property is the Ford Motor Credit Company (FMCC). The Debtor is informed that FMCC reserves its rights to object to the sale of the Personal Property Assets. The Debtor is proceeding to auction to attempt to sell the Sale Assets to Buyer (or such other successful overbidder) at a price sufficient to satisfy FMCC's secured claim free and clear of the FMCC Encumbrances. As of the Petition Date, the Debtor is informed and understands that Ford Motor Corp. (FMC) has not issued a written notice of monetary default under the terms and conditions of the Dealership Agreement. However, to the extent that any monetary default exists, MAS Fleet (or such other successful overbidder) will promptly cure all monetary defaults arising under the Designated Contracts, including but not limited to, the Dealership Agreement. The Debtor seeks to assume and assign all of its rights in the Dealership Agreement to MAS Fleet. The Debtor's proposed overbid and auction procedures are attached as Exhibit A. To facilitate the overbid process, Debtor has determined that the value of the MAS Fleet bid is $17,000,000.00, comprised of $12,000,000.00 for the Soscol Avenue Property and $5,000,000.00 for the Personal Property Assets . In addition, MAS Fleet has agreed to provide additional value, by assuming and promptly curing all existing monetary defaults under any Designated Contacts, including but not limited to, the Dealership Agreement with FMC, that Debtor assumes and assigns to Buyer. The minimum overbid shall be $17,200,000.00, plus the Assumed Cure Amount for all executory contracts and unexpired leases that the bidder requests that Debtor assume and assign, which shall be allocated $12,000,000.00 for the Soscol Avenue Property and $5,200,000.00 for the Personal Property Assets. If there is an overbid at $17,200,000.00 cash plus the Assumed Cure Amount, and the minimum overbid increment is $100,000.00 (subject to change, see Overbid and Auction Procedures), MAS Fleet Management’s next bid would be $17,300,000.00. In turn, the next bid from the Qualified Overbidder would be $17,400,000.00 cash plus the Assumed Cure Amount. Since the Sale Assets include the Soscol Avenue Property, which is not property of the estate, based on Debtor's determination of the value of the MAS Fleet bid, Debtor shall allocate any higher overbid amount pro-rata between the price allocated to the Soscol Avenue Property ($12,000,000.00) and the price allocated to the Personal Property Assets ($5,200,000.00). The Debtor may, in its sole discretion, determine and designate the potential bidder as a qualified bidder and the overbid in an amount of at least $5,200,000.00 for the Personal Property Assets as a qualified overbid. Debtor in its sole discretion, may qualify bidders at any time before the end of the Auction. About Napa Valley Ford Lincoln Mercury Inc. Napa Valley Ford Lincoln Mercury, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-10450) on July 24, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Hon. Charles Novack oversees the case. The Debtor is represented by Michael Jay Berger, Esq. NASITRA LLC: Seeks Chapter 11 Bankruptcy in Texas ------------------------------------------------- On October 2, 2025, Nasitra LLC filed Chapter 11 protection in the Southern District of Texas. 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 Nasitra LLC Nasitra LLC, based in Richmond, Texas, operates in the outdoor furniture and home decor sector through its brand America's Backyards & Outdoor Living, supplying casual outdoor furnishings and accessories. The Company serves individual customers and commercial clients across the United States. Nasitra LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-35828) on October 2, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Reese Baker, Esq. of BAKER & ASSOCIATES. NEW FORTRESS: Nuveen Floating Marks $2MM Loan at 53% Off -------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $2,058,000 loan extended to New Fortress Energy Inc. to market at $964,687 or 47% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Incremental Term Loan B to New Fortress Energy Inc. The loan accrues interest at a rate of 9.807% per annum. The loan matures on October 30, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About New Fortress Energy Inc. New Fortress Energy Inc. operates as an energy infrastructure company. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure. NEW GRANT: Seeks Chapter 11 Bankruptcy in Georgia ------------------------------------------------- On October 6, 2025, New Grant Acquisitions LLC filed Chapter 11 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About New Grant Acquisitions LLC New Grant Acquisitions LLC is a single-asset real estate company based in Davenport, Iowa, with its primary property located at 44 Broad Street NW in Atlanta, Georgia. New Grant Acquisitions LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.25-61599) on October 6, 2025. In its petition, the Debtor reports estimated estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by J. Robert Williamson, Esq. of Scroggins, Williamson & Ray, P.C. NEW GREATER GENERATION: Gets Final OK to Use Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division issued a final order authorizing New Greater Generation Family Funeral Group, LLC to use the cash collateral of its secured lenders. The final order authorized the Debtor to use cash collateral strictly according to the amended budget, with limitations of up to 10% per line item and 15% in aggregate without prior approval from pre-bankruptcy secured creditors or the court. Cash collateral may not be used to pursue claims against pre-bankruptcy secured creditors, and any excess funds remain in the debtor-in-possession account until further court order. As protection for the Debtor's use of their cash collateral, the lenders will be granted post-petition liens on the cash collateral and all other assets acquired by the Debtor after the petition date, to the same extent and with the same priority as their pre-bankruptcy liens. In addition, the Debtor was ordered to pay $1,000 to Itria Ventures, Inc.; $400 to GCM Funding, LLC; $12,195 to Foundation Capital Resources, Inc.; and $2,430 (Loan 1) and $6,085 (Loan 2) to Newtek Small Business Finance, LLC. The order preserves all rights and claims of the Debtor and secured creditors, does not grant liens on bankruptcy avoidance actions, and does not affect taxing authority liens. The Debtor is allowed to pay U.S. Trustee quarterly fees as due. About New Greater Generation Family Funeral Group New Greater Generation Family Funeral Group LLC operates funeral and cremation services under the name Eternal Rest Funeral Chapel in DeSoto, Texas. The Company is part of a broader network with locations in Dallas, Plano, and Ennis. New Greater Generation Family Funeral Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-32027) on May 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Marilyn D. Garner, Esq., at the Law Office of Marilyn D. Garner. NEXT WARWICK: Seeks Chapter 7 Bankruptcy in New York ---------------------------------------------------- On October 3, 2025, Next Warwick Corp. voluntarily filed a Chapter 7 bankruptcy petition in the Eastern District of New York. Court filings indicate that the company holds assets and debts in the range of $100,001 to $1 million and has an estimated 1–49 creditors. About Next Warwick Corp. Next Warwick Corp. is a single asset real state company. Next Warwick Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44816) on October 3, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. NORTHRIVER MIDSTREAM: S&P Lowers LT ICR to 'BB-', Outlook Stable ---------------------------------------------------------------- S&P Global Ratings lowered its long-term issuer credit rating on NorthRiver Midstream Finance L.P. (NRM) to 'BB-' from 'BB' and its issue-level rating on the company's senior secured debt to 'BB-' from 'BB'. The '3' recovery rating on the senior secured debt is unchanged. The stable outlook reflects S&P's view that the Pipestone financing will close as planned, resulting in consolidated adjusted debt-to-EBITDA ratio increasing to 6.1x–6.2x in 2025 and 2026. The downgrade reflects the additional consolidated debt from the Pipestone financing and increased capex associated with the NEBC Connector project. S&P expects NRM's consolidated debt-to-EBITDA ratio (S&P Global Ratings' adjusted) will increase to 6.1x–6.2x in 2025 and 2026, above the previous 5.5x downside trigger. On Oct. 2, 2025, NRM announced its subsidiary Pipestone L.P. will raise C$500 million–C$550 million of nonrecourse debt (Pipestone financing debt). Pipestone L.P. will be ringfenced from NRM's restricted group, and the Pipestone financing debt will be backed by most of Pipestone's future contracted cash flow. Although about C$240 million from the Pipestone financing will be used to repay the existing revolving credit facility (RCF) and hold about C$60 million of cash, NRM will also pay a C$250 million equity distribution to Brookfield Infrastructure Partners (BIP) and its affiliates. This equity distribution results in a net increase in NRM's consolidated debt balance in 2025. In addition, NRM made a positive final investment decision on the development of its NEBC Connector pipeline project in June 2025. Construction of the pipeline will continue through 2027, with an estimated build cost of about C$560 million. The NEBC Connector consists of two parallel pipelines covering more than 200 kilometers that will transport natural gas liquids and condensate from northeastern British Columbia (B.C.) to northwestern Alberta. Although S&P anticipates consolidated leverage will likely decrease following the completion of NEBC Connector, the prospect of this reduction is subject to timely and on-budget completion of the project. S&P said, "We will continue to consolidate Pipestone financing debt as well as Pipestone-level cash flow within NRM's financials. Pipestone L.P. will be 100% owned by NRM following the transaction, and the Pipestone facility is fully operational. We believe these factors indicate NRM will remain invested in the Pipestone facility. In our view, the consolidation of the Pipestone financing debt better reflects NRM's financial risk. The equity distribution from the Pipestone financing, when combined with the elevated growth capital spending associated with the NEBC Connector and other projects, would pressure rating headroom. "The stable outlook reflects our expectation that the Pipestone financing will be completed as planned, and that consolidated adjusted debt to EBITDA will be 6.1x–6.2x in 2025 and 2026. This increase in leverage is due to the Pipestone financing and the growth capex related to NEBC Connector. We expect NRM will maintain its strong contract profile and recontract expiring take-or-pay contracts with creditworthy counterparties. "We would consider a negative rating action if we expect consolidated debt to EBITDA will remain at or above 6.5x. This could occur because of lower-than-expected throughput volumes, contract renewals at materially lower pricing, cost overruns, or delays in projects under construction. This could also occur if NRM does not cut distributions or growth capex to support its credit metrics, or if we believe there is a significant change in the overall cash flow profile such that the take-or-pay and fee-based cash flows account for less than two-thirds. "We would consider a positive rating action if consolidated debt to EBITDA decreases and remains below 5.5x. In addition, we would expect the company to maintain at least two-thirds of its EBITDA from stable take-or-pay and fee-based businesses." NORTHWEST OHIO: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Northwest Ohio Speech, Language and Rehabilitation Services, Ltd received interim approval from the U.S. Bankruptcy Court for the Northern District of Ohio to use cash collateral to fund operations. The interim order authorized the Debtor to use the cash collateral of its secured creditors from September 30 to December 1 or until the occurrence of so-called events of default. The creditors are Huntington National Bank, RBS Citizens, FC Market Place, BayFirst National Bank, ReadyCap Lending and the U.S. Small Business Administration. As adequate protection, the secured creditors will receive replacement liens on the Debtor's property to the same extent and with the same priority as their pre-bankruptcy liens. As further protection, Huntington will receive a monthly payment of $1,838.69. The other creditors will not receive adequate protection payments. The next hearing is set for November 25. Northwest operates from Toledo, Ohio and provides speech, language, and occupational therapies to schools, nursing homes, and rehabilitation facilities, employing 17 staff members. Owned equally by Matthew and Regina Carter, the Debtor has outstanding obligations to the secured creditors that may have a claim to the cash collateral. The Debtor outlines existing debts: two loans from Huntington totaling approximately $350,000, with one loan requiring a monthly payment of $3,617; an SBA disaster loan from May 2021 with a current balance of roughly $91,897, requiring $465 monthly; a Citizens Bank loan from 2010 with a balance of $82,246; an FC Market Place loan from August 2023 with a balance near $148,009; a BayFirst loan from April 2024 for $150,000 (approximately $148,009 outstanding), and a ReadyCap loan from October 2024 for $50,000 (about $49,000 remains). The Debtor believes it holds approximately $53,023 in assets classified as cash collateral—comprised of receivables and a Chase bank account—and seeks to use this to maintain operations. About Northwest Ohio Speech, Language and Rehabilitation Services Ltd Northwest Ohio Speech, Language and Rehabilitation Services, Ltd operates from Toledo, Ohio and provides speech, language, and occupational therapies to schools, nursing homes, and rehabilitation facilities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-32078) on September 30, 2025. In the petition signed by Matthew Carter, managing member, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Eric R. Neuman, Esq., at Diller and Rice, LLC, represents the Debtor as legal counsel. NOVA AT SUMMER: Seeks Chapter 11 Bankruptcy in North Carolina ------------------------------------------------------------- On October 7, 2025, Nova at Summer Meadow Owner LLC filed Chapter 11 protection in the Eastern District of North Carolina. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Nova at Summer Meadow Owner LLC Nova at Summer Meadow Owner LLC is a Raleigh, North Carolina-based multifamily real estate holding company that owns the Nova at Summer Meadows apartment community. Nova at Summer Meadow Owner LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03953) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. The Debtor is represented by Joseph Z. Frost, Esq. of Buckmiller & Frost, PLLC. O & K ALEXANDER'S: Seeks Chapter 11 Bankruptcy in Illinois ---------------------------------------------------------- On October 6, 2025, O & K Alexander's Co. Inc. sought Chapter 11 protection in the Northern District of Illinois Bankruptcy Court. The voluntary filing shows liabilities in the $100,001 to $1 million range, with a reported creditor count of 1 to 49. About O & K Alexander's Co. Inc. O & K Alexander's Co. Inc. is a single assets real estate company. O & K Alexander's Co. Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-15355) on October 61, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Joel A. Schechter, Esq., Law Office of Joel A. Schechter. ODYSSEY MARINE: Investors Convert $3.53M Notes Into Common Stock ---------------------------------------------------------------- Odyssey Marine Exploration, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that as previously reported: (a) on March 6, 2023, the Company entered into a Note and Warrant Purchase Agreement with institutional investors pursuant to which the Company issued convertible promissory notes in the aggregate principal amount of $14 million and warrants to purchase shares an aggregate of 3,703,710 shares of the Company's common stock, and (b) on December 1, 2023, the Company entered into a Note and Warrant Purchase Agreement with institutional investors pursuant to which the Company issued convertible promissory notes in the aggregate principal amount of $6 million and warrants to purchase shares an aggregate of 1,623,330 shares of the Company's common stock. On September 24, 2025, investors converted: (a) an aggregate of $2,844,112 of indebtedness under the March 2023 Notes into 2,236,587 shares of the Company's common stock and (b) an aggregate of $684,661 of indebtedness under the December 2023 Notes into 531,478 shares of the Company's common stock. The issuance and sale of the shares of common stock were exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 thereunder. After giving effect to these issuances, the Company has 50,384,858 shares of common stock outstanding, and the remaining balances of the March 2023 Notes and December 2023 Notes are approximately $3.14 million and $3.05 million, respectively. About Odyssey Marine Odyssey Marine Exploration, Inc. and its subsidiaries are engaged in deep-ocean exploration. Their innovative techniques are currently applied to mineral exploration and other marine survey and contracted services. The corporate headquarters are in Tampa, Florida. Tampa, Fla.-based Grant Thornton LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company incurred a loss from operations of $12 million during the year ended December 31, 2024, and as of that date, the Company's current liabilities exceeded its current assets by $16 million and its total liabilities exceeded its total assets by $79 million. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $16.6 million in total assets, $106.8 million in total liabilities, and a total stockholders' deficit of $90.3 million. OI SA: Foreign Representative Loses Bid to Dismiss Chapter 15 Cases ------------------------------------------------------------------- The Honorable Lisa G. Beckerman of the United States Bankruptcy Court for the Southern District of New York denied the motion of Rodrigo Caldas de Toledo Aguiar, in his capacity as the authorized foreign representative of Oi S.A. and its debtor-affiliates, to terminate the Chapter 15 recognition order entered on March 29, 2023, and dismiss the Chapter 15 cases. The Company is the subject of a jointly-administered judicial reorganization (recuperacao judicial or "RJ") proceeding pursuant to Federal Law No. 11.101 of February 9, 2005, as amended of the laws of the Federative Republic of Brazil before the 7th Business Court of the City and State of Rio de Janeiro, Brazil. BGC Fibra Participacoes S.A. and V.tal – Rede Neutra de Telecomunicacoes S.A. objected to the Motion. On August 14 and 18, 2025, the Bankruptcy Court conducted an evidentiary hearing, including oral argument on the Motion. On March 29, 2023, the Bankruptcy Court entered the Recognition Order which recognized the 2023 RJ Proceeding as a Foreign Main Proceeding, as defined under the Bankruptcy Code, and found that Brazil was the center of main interests of each of the Chapter 15 Debtors. On May 28, 2024, the RJ Court entered an order confirming a formal reorganization plan. The Bankruptcy Court entered an order giving full force and effect to the 2024 RJ Plan on June 17, 2024. The Enforcement Order recognized, granted comity, and gave full force and effect, to the 2024 RJ Plan. Following the entry of the Enforcement Order, the Oi Group began implementing the 2024 RJ Plan. The Company completed the restructuring of its capital structure, as required by the 2024 RJ Plan, on August 8, 2024. The Company's performance following the RJ Court's confirmation of the 2024 RJ Plan has shown that the 2024 RJ Plan relied on overly optimistic projections of proceeds from UPIs, revenue, fixed costs, and the macroeconomic climate. As a result, the Company faces severe liquidity constraints and is unable to meet all their debt obligations as they come due. To address this liquidity shortfall and preserve the Company as a going concern, management has explored various restructuring options. One of these options is the filing of an amendment to the 2024 RJ Plan. On July 1, 2025, the Oi Group filed a motion with the RJ Court to amend the 2024 RJ Plan. The Proposed Plan Amendment seeks to "realign the short-time payment terms for local labor creditors and small suppliers with updated cash flow projections, and to impose an additional stay of at least 180 days with respect to such creditors." At least six creditors have filed objections to the Proposed Plan Amendment, and at least six other creditors have filed motions with the RJ Court seeking additional time to respond to the motion for the Proposed Plan Amendment. The Motion The Motion argues that the Proposed Plan Amendment is insufficient to properly restructure the Company's outstanding obligations, and Brazilian Bankruptcy Law does not offer any suitable alternatives for an appropriate restructuring of the debts incurred by the Company since the time that the 2023 RJ Proceedings were commenced. The Motion seeks to remove the restriction potentially imposed by Section 1528 by terminating the Recognition Order and dismissing the Chapter 15 Cases. The Motion argues that terminating the Recognition Order is appropriate under 11 U.S.C. Sec. 1517(d). Section 1517(d) allows "modification or termination of recognition if it is shown that the grounds for granting it were fully or partially lacking or have ceased to exist." The Foreign Representative argues that the reasons justifying the original filing of the Chapter 15 petition no longer exist, and so the Court should terminate the Recognition Order. The Motion also asserts that the Chapter 15 Debtors do not need any further relief from this Court. In addition, it is argued that changed circumstances now affirmatively support terminating the Recognition Order since: (i) termination would provide an opportunity for the RJ Debtors to restructure US $5.07 billion through chapter 11, (ii) no creditors that relied on the recognition order would be negatively impacted by its termination, and (iii) the Company is unable to restructure appropriately in Brazil. In the alternative, the Motion argues that terminating the Recognition Order is appropriate under 11 U.S.C. Secs. 1507 and 105(a). Section 1507 enables the Court to provide the Foreign Representative with "additional assistance" that is consistent with the factors outlined under Section 1507(b). In turn, Section 105(a) allows the Court to issue orders, processes, or judgments that are necessary or appropriate to carry out the provisions of title 11. Read in conjunction, the Motion argues that Sections 1507 and 105(a) permit the Court to terminate recognition since doing so would maximize value for all of the Company's stakeholders," improve Oi Group's liquidity, maintain employment, and ensure a fair and orderly alternative to a liquidation. In addition to terminating the Recognition Order, the Motion seeks to dismiss the Chapter 15 Cases pursuant to 11 U.S.C. Secs. 305 and 1521. Section 305(a) purportedly allows a chapter 15 case to be dismissed if doing so would be in the best interests of creditors and the debtor and if the purposes of chapter 15 would be best served by dismissal. The Motion argues that dismissal of the Chapter 15 Cases would be consistent with this requirement. The Objection The Objection argues that the Motion has not demonstrated a sufficient basis for terminating the Recognition Order under Section 1517(d). Section 1517(d) purportedly allows the Court to terminate recognition only when one of the three grounds for granting recognition described in Section 1517(a) cease to exist. Those three grounds are: (1) the foreign proceeding for which recognition sought is a foreign main proceeding or foreign nonmain proceeding, (2) the foreign representative applying for recognition is a person or body, and (3) the petition meets the requirements of section 1515. V.tal argues that none of these three grounds have ceased to exist -- the 2023 RJ Proceeding is still the foreign main proceeding, the foreign representative is a person, and the petition satisfied Section 1515. Since these three grounds still exist, V.tal argues that the Bankruptcy Court should deny relief under Section 1517(d). The Objection also argues that relief under Section 1517(d) should be denied because terminating the Recognition Order would prejudice V.tal and offend principles of comity. V.tal argues that it extended post-petition financing to the Company in reliance upon the Recognition Order and the Enforcement Order. Further, terminating the Recognition Order would offend principles of comity since doing so would allow the Oi Group to file a plenary chapter 11 proceeding. According to Judge Beckerman, "Here, the 2023 RJ Proceeding remains pending pursuant to Brazilian Bankruptcy Law -- laws that relate to the adjustment of debt. Additionally, while the 2023 RJ Proceeding may have a supervisory element, the Company can still propose a court approved restructuring agreement. This is something the Company is pursuing through the Proposed Plan Amendment. Therefore, the 2023 RJ Proceeding is unchanged for purposes of Section 1517(d). Since the 2023 RJ Proceeding is still a foreign main proceeding, none of the factors provided by Section 1517(a) have ceased to exist." The status of the 2023 RJ Proceedings has arguably changed since the Recognition Order given the confirmation of the 2024 RJ Plan. However, any modification to a recognition order that accounts for a change in the status of the foreign proceeding should seemingly reflect the change in status. In this case, the Company does not seek to terminate the Recognition Order to reflect the now supervisory status of the 2023 RJ Proceeding. The Company, in the Motion, seeks to terminate the Recognition Order to free itself of the strictures imposed by Section 1528 for a hypothetical future chapter 11 proceeding. Likewise, the change in the Company's liquidity position is not a justification for terminating the Recognition Order. If anything, the Company's depleted liquidity is a consistent circumstance between when the Recognition Order was granted and the date of this Opinion. The fact that there are still pending disputes6 in the 2023 RJ Proceeding also guides the Bankruptcy Court against terminating the Recognition Order. To the extent that the Company seeks to terminate the Recognition Order because it does not need further relief from the Bankruptcy Court -- terminating the Recognition Order is procedurally improper. The Company's request to terminate the Recognition Order under other sections of the Bankruptcy Code fails since Section 1517(d) is the exclusive standard governing the modification or termination of a recognition order. The Bankruptcy Court emphasizes that Section 305(a)(2) is not a part of the Model Law and is not part of chapter 15 except for sections 1528 and 1529 which the Court has previously addressed. Therefore, it is unclear how, other than in the context of sections 1528 and 1529, the Court could find that abstention or dismissal from an ancillary case is provided for in the Model Law. The only way that the Bankruptcy Court was able to harmonize sections 103, 305(a)(2), 1528 and 1529 of the Bankruptcy Code, given the legislative history, and 28 U.S.C. Sec. 1334, results in the interpretation that Congress did not intend Section 305(a)(2) be utilized to suspend or dismiss a chapter 15 case. Therefore, it would be difficult for the Bankruptcy Court to find that abstention or dismissal of a chapter 15 case is necessary to effectuate the purpose of chapter 15. Nevertheless, if Section 1521(a) allowed the Bankruptcy Court to dismiss or abstain from a chapter 15 case, doing so would not be appropriate. According to the Bankruptcy Court, relief under Section 1521(a) is only available when it is necessary to effectuate the purpose of chapter 15 -- dismissing these Chapter 15 Cases is not necessary to effectuate the purpose of chapter 15. Accordingly, the Bankruptcy Court does not find that subsection (1) of Section 1501(a) supports dismissal of the Chapter 15 Cases. It is also unclear that dismissing the Chapter 15 Cases would promote the "fair and efficient administrations of cross-border insolvencies that protect the interests of all creditors, and other interested entities, including the debtor." Judge Beckerman explains, "Here, dismissing the Chapter 15 Cases would not accomplish this objective since it is possible that the Company could need further relief from this Court." Further, the Bankruptcy Court finds that dismissing the Chapter 15 Cases alone is unlikely to further the objectives provided by subsections (4), "protection and maximization of the value of the debtor's assets" and (5), "facilitation of the rescue of financially troubled businesses, thereby protecting investment and preserving employment." According to Judge Beckerman, "Dismissal of the Chapter 15 Cases alone will not maximize value or facilitate the rescue of the Company. Dismissal of the Chapter 15 Cases may not protect investment and preserve employment. Instead, dismissal would leave the RJ Court and parties to the 2023 RJ Proceeding without means to seek relief from this Court should they need it. The RJ Court still has the tools provided by Brazilian Bankruptcy Law to deal with these objectives in this difficult situation. It is also possible that the Brazilian government may provide assistance with the formulation and/or implementation of solutions to deal with the operational and financial challenges that the Company faces, given the Company's systemic importance." Even if the Bankruptcy Court were to broaden its consideration of the requested relief so as to assume that the Company would file under chapter 11 if the Chapter 15 Cases were dismissed, the challenges of any future chapter 11 show that dismissing the Chapter 15 Cases would not necessarily maximize value or facilitate the rescue of the Company. If the Bankruptcy Court were to dismiss the Chapter 15 Cases and the Company were to subsequently file under chapter 11 in the United States, the chapter 11 filing might protect and maximize the value of the debtor's assets and result in a confirmed plan of reorganization which resolves treatment of Exempt Claims, executory contracts, and debts incurred after the filing of the 2023 RJ Proceeding. Therefore, the Bankruptcy Court finds that there is not a basis to grant dismissal of the Chapter 15 Cases. A copy of the Court's Memorandum Opinion and Order dated October 1, 2025, is available at http://urlcurt.com/u?l=AFQpsLfrom PacerMonitor.com. Counsel for the Foreign Representative of Oi S.A. and affiliated debtors: Jason N. Zakia, Esq. Richard S. Kebrdle, Esq. Ricardo M. Pasianotto, Esq. Jade Yoo, Esq. Ashley Chase, Esq. WHITE & CASE LLP 1221 Avenue of the Americas New York, NY 10020 E-mail: jzakia@whitecase.com rkebrdle@whitecase.com ricardo.pasianotto@whitecase.com Counsel for BGC Fibra Participacoes S.A. and V.tal – Rede Neutra de Telecomunicacoes S.A: Benjamin I. Finestone, Esq. Mario Gazzola, Esq. K. John Schaffer, Esq. Jeremy Baldoni, Esq. QUINN EMANUEL URQUHART & SULLIVAN, LLC 295 5th Avenue, 9th Floor New York, NY 10016 E-mail: benjaminfinestone@quinnemanuel.com mariogazzola@quinnemanuel.com johnshaffer@quinnemanuel.com Counsel to the Ad Hoc Group: David Schiff, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York, NY 10017 E-mail: david.schiff@davispolk.com About Oi SA Headquartered in Rio de Janeiro, and operating almost exclusively within Brazil, the Oi Group provides services like fixed-line data transmission and network usage for phones, internet, and cable, Wi-Fi hot-spots in public areas, and mobile phone and data services, and employs approximately 142,000 direct and indirect employees. On June 20, 2016, pursuant to Brazilian Law No. 11.101/05 (the 'Brazilian Bankruptcy Law'), Oi S.A. and certain of its subsidiaries filed for recuperao judicial (judicial reorganization) in Brazil. On June 21, 2016, OI SA and its affiliates Telemar Norte Leste S.A. and Oi Brasil Holdings Cooperatief U.A. commenced Chapter 15 proceedings (Bankr. S.D.N.Y. Lead Case No. 16-11791). Ojas N. Shah, as foreign representative, signed the petitions. Coop and PTIF are also subject to proceedings in the Netherlands. The Chapter 15 cases are assigned to Judge Sean H. Lane. In the Chapter 15 cases, the Debtors are represented by John K. Cunningham, Esq., and Mark P. Franke, Esq., at White & Case LLP, in New York; and Jason N. Zakia, Esq., Richard S. Kebrdle, Esq., and Laura L. Femino, Esq., at White & Case LLP, in Miami, Florida. On July 22, 2016, the New York Court recognized the Brazilian Proceedings as foreign main proceedings with respect to the Chapter 15 Debtors, and granted certain additional related relief. The company exited bankruptcy protection in December 2022. OMNICARE LLC: Bankruptcy Delays $949MM Verdict Appeal ----------------------------------------------------- Daniel Seiden of Bloomberg Law reports that the U.S. Court of Appeals for the Second Circuit has stayed an appeal over a $949 million prescription drug fraud verdict against CVS Health Corp. and Omnicare Inc. following Omnicare's bankruptcy filing in Texas. Under the court's order, Omnicare must provide status updates on the automatic stay within 14 days and every 30 days, and must promptly notify the court once the bankruptcy proceedings enable the case to move forward, the report states. About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. OREGON TOOL: Nuveen Credit Marks $1.3MM Loan at 17% Off ------------------------------------------------------- Nuveen Credit Strategies Income Fund (JQC) has marked its $1,344,313 loan extended to Oregon Tool, Inc. to market at $1,109,482 or 83% of the outstanding amount, according to Nuveen Credit's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JQC is a participant in a 2nd Lien Term Loan to Oregon Tool, Inc. The loan accrues interest at a rate of 8.586% per annum. The loan matures on October 15, 2029. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Credit Strategies Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Oregon Tool, Inc. Oregon Tool, Inc. is a global, premium-branded, aftermarket-driven precision-cutting-tool platform. OREGON TOOL: Nuveen Floating Marks $2.1MM Loan at 17% Off --------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $2,192,617 loan extended to Oregon Tool, Inc. to market at $1,809,599 or 83% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a 2nd Lien Term Loan to Oregon Tool, Inc. The loan accrues interest at a rate of 8.586% per annum. The loan matures on October 15, 2029. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, Il 60606 Telephone: (800) 257‑8787 About Oregon Tool, Inc. Oregon Tool, Inc. is an American company that manufactures saw chain and other equipment for the forestry, agriculture, and construction industries. PACT CHARTER SCHOOL: S&P Affirms 'BB' Rating on Lease Revenue Bond ------------------------------------------------------------------ S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BB' long-term rating on Ramsey, Minn's series 2022A and 2022B (taxable) charter school lease revenue bonds, issued for PACT Charter School (PACT). S&P said, "The outlook revision reflects our view of management's ability to increase enrollment faster than initially projected and make necessary and meaningful cost-cutting measures. We believe this will translate to an improved financial position marked by an approximately $2 million general fund surplus in 2025 (draft results) and strengthened cash and coverage levels more reflective of the school's historical trends and moving away from recent deficits in fiscal years 2023 and 2024. "We analyzed the school's environmental, social, and governance factors and consider them neutral in our credit rating analysis. "The stable outlook reflects our view that PACT's financial performance will improve in fiscal years 2025 and 2026, driven by management's ability to restore fiscal stability. In addition, we expect demand will remain stable and enrollment will continue to grow toward facility capacity in the coming years. No additional debt is expected over the near term. "We could consider a negative rating action if PACT fails to meet operating, coverage, or liquidity projections. In addition, we could consider a negative rating action if enrollment or demand metrics weaken. "We view a positive rating action over the near term as unlikely given the school's very high debt burden and potential refinancing risk associated with the series 2022 bonds. Over time, we could consider a positive rating action if the school demonstrates a stronger trend of financial performance and liquidity in line with those of higher-rated peers, while maintaining its solid enrollment and demand profile." PARENT SUPPORT: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Parent Support Network of Rhode Island, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Rhode Island to use cash collateral. The interim order authorized the Debtor to use cash collateral, including cash and cash equivalents, to pay post-petition expenses pending a final hearing on October 29. As adequate protection, creditors with interests in the cash collateral, including the U.S. Small Business Administration and Webster Bank, N.A., will be granted replacement liens on post-petition assets of the Debtor. The replacement liens will have the same validity and priority as the secured creditors' pre-bankruptcy liens and are subject to the fee carveout. The court reserves the right to later determine if Webster Bank and SBA have a claim under Section 507(b) of the Bankruptcy Code for any diminution in value of their interests. The next hearing is scheduled for October 29, with objections due by October 22. Parent intends to use its cash collateral to fund operations. The Debtor, which has historically relied on state grants and service contracts, fell into financial distress following post-COVID funding delays and its reliance on merchant cash advance loans that carried usurious interest rates (over 45% annually) and aggressive repayment terms. These MCA arrangements, which the Debtor characterizes as predatory and potentially criminal under Rhode Island law, led to a cash flow crisis that ultimately necessitated its bankruptcy filing. Despite its financial difficulties, Parent continues to operate, reducing staff and services, and now plans to use its cash deposits of approximately $35,928 as well as incoming grant revenue. The Debtor's asset base is estimated at $90,680, with secured debts owed to SBA and Webster Bank, both of which are current and secured by valid liens. In contrast, the five MCA lenders, with claims totaling over $797,000, are listed as disputed and effectively unsecured based on a liquidation analysis. Parent has explicitly excluded the MCA creditors from any replacement lien or adequate protection, asserting they have no legitimate secured interest. About Parent Support Network of Rhode Island Parent Support Network of Rhode Island, Inc. is a nonprofit organization that provides free peer-based support, education, and advocacy services for parents and families in Rhode Island. It offers family peer support to those navigating mental health and substance use challenges, child welfare involvement, and the juvenile justice system, with services including parenting education, fatherhood support, family groups, and one-on-one assistance from trained Family Support Partners. The organization has been supporting families statewide for more than 30 years through a helpline, group programs, and community-based services. Parent sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. RI Case No. 25-10775) on September 25, 2025, listing $90,680 in assets and $1,250,945 in liabilities. Lisa A. Conlan, executive director, signed the petition. Judge John A. Dorsey Jr oversees the case. Russell D. Raskin, Esq., at Raskin & Berman, represents the Debtor as legal counsel. PARTNERS PHARMACY: Committee Taps GlassRatner Advisory as Advisor ----------------------------------------------------------------- The Official Committee of Unsecured Creditors of Partners Pharmacy Services LLC, et al. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ GlassRatner Advisory & Capital Group, LLC as its financial advisor in the Chapter 11 case. GlassRatner will provide these services: (a) assistance in the review of financial related disclosures, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs and Monthly Operating Reports; (b) assistance in the preparation of analyses required to assess the proposed debtor in possession (DIP) financing, use of cash collateral, and securitization programs; (c) assistance with the assessment and monitoring of the Debtors' short term cash flow, liquidity, and operating results; (d) assistance with the review of the Debtors' proposed employee compensation and benefits programs; (e) assistance with the review of the Debtors' potential disposition or liquidation of both core and non-core assets; (f) assistance with the review of the Debtors' cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; (g) assistance with the review of the Debtors' identification of potential cost savings, including overhead and operating expense reductions and efficiency improvements; (h) assistance in the review and monitoring of any asset sale process, including, but not limited to an assessment of the adequacy of the marketing process, completeness of any buyer lists, review and quantification of any bids; (i) assistance with the review of any tax issues associated with, but not limited to, claims/stock trading, preservation of net operating losses, refunds due to the Debtors, plans of reorganization, and asset sales; (j) assistance in the review of the claims reconciliation and estimation process; (k) assistance in the review of other financial information prepared by the Debtors, including, but not limited to, cash flow projections and budgets, business plans, cash receipts and disbursements analysis, asset and liability analysis, and the economic analysis of proposed transactions for which Court approval is sought; (l) attendance at meetings and assistance in discussions with the Debtors, potential investors, banks, other secured lenders, the Committee and any other official committees organized in these cases, the U.S. Trustee, other parties in interest and professionals hired by the same, as requested; (m) assistance in the review and/or preparation of information and analysis necessary for the confirmation of a plan and related disclosure statement in these cases; (n) assistance in the evaluation and analysis of avoidance actions, including fraudulent conveyances and preferential transfers; (o) assistance in the prosecution of Committee responses/objections to the Debtors' motions, including attendance at depositions and provision of expert reports/testimony on case issues as required by the Committee; and (p) render such other general business consulting or such other assistance as the Committee or its counsel may deem necessary that are consistent with the role of a financial advisor and not duplicative of services provided by other professionals in these cases. According to the application, GlassRatner Advisory & Capital Group, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: GlassRatner Advisory & Capital Group, LLC 3445 Peachtree Road, Suite 1225 Atlanta, GA 30326 Telephone: (470) 346-6800 About Partners Pharmacy Services LLC Partners Pharmacy Services LLC provides medication management services to residents in skilled nursing facilities, assisted living communities, long-term care residences, long-term acute care hospitals, and institutional care facilities across the United States. Founded in 1998 and headquartered in Springfield Township, New Jersey, the Company operates in multiple states through a network of in-house pharmacies and regional locations, offering services such as automation systems, infusion therapy technologies, compounding, and clinical decision-support tools. It is one of the largest long-term care pharmacy providers in the U.S., serving over 48,000 residents in more than 500 communities. Partners Pharmacy Services LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-34698) on August 13, 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 Judge Christopher M. Lopez oversees the case. The Debtors are represented by Patrick J. Potter, Esq., Dania Slim, Esq., Amy West, Esq., and L. James Dickinson, Esq. of PILLSBURY WINTHROP SHAW PITTMAN LLP. SSG CAPITAL ADVISORS, LLC is the Debtors' Investment Banker. GIBBONS ADVISORS, LLC is the Debtors' Financial Advisor. ROLL RESTRUCTURING ADMINISTRATION LLC is the Debtors' Notice, Claims & Balloting Agent and Administrative Advisor. PARTNERS PHARMACY: Committee Taps Norton Rose as Legal Counsel -------------------------------------------------------------- The Official Committee of Unsecured Creditors of Partners Pharmacy Services LLC, et al. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Norton Rose Fulbright US LLP as counsel, effective as of September 2, 2025, in connection with the Chapter 11 cases. Norton Rose will provide these services: (a) assist, advise, and represent the Committee in its consultations with the Debtors regarding the administration of these Chapter 11 cases; (b) assist, advise, and represent the Committee in analyzing the Debtors’ assets and liabilities, investigating the extent and validity of liens, and participating in and reviewing any proposed asset sales, asset dispositions, financing arrangements, and cash collateral stipulations or proceedings; (c) assist, advise, and represent the Committee in reviewing and determining the Debtors' rights and obligations under leases and other executory contracts; (d) assist, advise, and represent the Committee in assessing the acts, conduct, assets, liabilities, and financial condition of the Debtors, their operations, and the desirability of the continuance of those operations, and other matters relevant to the formulation of any plan; (e) assist, advise, and represent the Committee in the negotiation, formulation, and drafting of a plan of liquidation or reorganization; (f) assist and advise the Committee in communicating with unsecured creditors regarding significant matters in these Chapter 11 cases; (g) represent the Committee at hearings and other proceedings; (h) review and analyze applications, orders, statements of operations, and schedules filed with the Court and advise the Committee regarding same; (i) assist the Committee in preparing pleadings and applications as may be necessary in furtherance of the Committee's interests and objectives; (j) assist, advise, and represent the Committee in the evaluation of claims and on any litigation matters; (k) prepare, on behalf of the Committee, any pleadings, including, without limitation, motions, memoranda, complaints, adversary complaints, objections, or comments in connection with any of the foregoing; and (l) provide such other services as may be required or requested or as may otherwise be deemed in the interests of the Committee. NRF's current hourly rates for matters related to these cases range as follows: -- Partners $820 to $2,310 -- Senior Associates $715 to $1,160 -- Senior Counsel $660 to $1,610 -- Counsel $345 to $1,225 -- Associates $570 to $1,140 -- Of Counsel $595 to $1,650 -- Paralegals $185 to $615 -- Practice Support $90 to $475 The attorneys expected to have primary responsibility for these services are: Robert Hirsh, Partner ($1,295) Kristian Gluck, Partner ($1,295) Paul Trahan, Partner ($1,125) Julie Goodrich Harrison, Partner ($1,105) Stephanie Assi, Senior Associate ($1,095) Jason I. Blanchard, Senior Counsel ($955) Maria Mokrzycka, Senior Associate ($820) Michael Berthiaume, Senior Associate ($820) Kim Adams, Paralegal ($395) According to court filings, Norton Rose Fulbright US LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: NORTON ROSE FULBRIGHT US LLP 1550 Lamar Street, Suite 2000 Houston, TX 77010 About Partners Pharmacy Services LLC Partners Pharmacy Services LLC provides medication management services to residents in skilled nursing facilities, assisted living communities, long-term care residences, long-term acute care hospitals, and institutional care facilities across the United States. Founded in 1998 and headquartered in Springfield Township, New Jersey, the Company operates in multiple states through a network of in-house pharmacies and regional locations, offering services such as automation systems, infusion therapy technologies, compounding, and clinical decision-support tools. It is one of the largest long-term care pharmacy providers in the U.S., serving over 48,000 residents in more than 500 communities. Partners Pharmacy Services LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-34698) on August 13, 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 Judge Christopher M. Lopez oversees the case. The Debtors are represented by Patrick J. Potter, Esq., Dania Slim, Esq., Amy West, Esq., and L. James Dickinson, Esq. of PILLSBURY WINTHROP SHAW PITTMAN LLP. SSG CAPITAL ADVISORS, LLC is the Debtors' Investment Banker. GIBBONS ADVISORS, LLC is the Debtors' Financial Advisor. ROLL RESTRUCTURING ADMINISTRATION LLC is the Debtors' Notice, Claims & Balloting Agent and Administrative Advisor. PC LEARNING: Gets OK to Use $59,106 in Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of New York issued a supplemental interim order allowing PC Learning Centers, Inc. to continue to use the cash collateral of Citibank N.A. and the U.S. Small Business Administration. The supplemental interim order authorized the Debtor to use up to $59,106.60 in cash collateral to fund operations pending a final hearing. The use is limited to budgeted amounts, with a maximum 10% variance allowed per line item. As protection, Citibank and SBA will receive automatically perfected replacement liens, with the same validity and priority as their pre-petition liens. Additionally, the creditors will receive superpriority administrative expense claims under Section 507(b) for any post-petition diminution in value of their collateral. The cash collateral at issue is claimed by two secured creditors: Citibank, which holds a lien based on a 1999 UCC-1 financing statement and is owed $329,647.91, and the SBA, which filed its own UCC-1 statement in 2020 and is owed about $467,477. As of the bankruptcy filing on September 9, the Debtor had approximately $25,718 in its operating account, $5,649 in accounts receivable, and a $150,000 security deposit held by its landlord. The Debtor's six-month post-petition budget outlines anticipated revenues and operating expenses through March 2026. The projections show that the business expects monthly losses, totaling a net negative income of $118,313 over the six-month period. Despite these projected losses, the Debtor maintains that use of the cash collateral will prevent the value of the creditors' collateral from diminishing, as the funds will be used solely to support ongoing business operations and maintain the enterprise as a going concern. About PC Learning Centers PC Learning Centers, Inc., doing business as NYC Seminar and Conference Center (NYCSCC), operates a 9,300-square-foot event and conference facility in New York City's Flatiron District, Chelsea neighborhood. The center provides flexible seminar and meeting spaces accommodating 6 to 200 participants, supporting hybrid events with integrated audiovisual and technology infrastructure, including internet connectivity, video conferencing, and on-site tech support. NYCSCC offers event planning services, catering options, customizable room configurations and online booking, targeting corporate meetings, training sessions, and professional seminars. PC Learning Centers filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-11964) on September 9, 2025, with up to $50,000 in assets and $1 million to $10 million in liabilities. Tod Shapiro, vice president of PC Learning Centers, signed the petition. Judge Michael E. Wiles presides over the case. Kenneth L. Baum, Esq., at the Law Offices of Kenneth L. Baum, LLC represents the Debtor as the bankruptcy counsel. POTOMAC ENERGY: S&P Assigns 'BB-' ICR, Outlook Stable ----------------------------------------------------- S&P Global Ratings assigned a 'BB-' rating to Potomac Energy Center LLC's term loan after review of closing documents and interest rates. S&P also assigned a '2' recovery rating to the debt. The stable outlook reflects S&P's expectation the project will continue to operate in line with its historical performance and generate debt service coverage ratios (DSCRs) largely in the 1.4x-1.6x area through the life of the project, which includes the post-refinancing period. In August 2025, Potomac Energy issued $525 million term loan B (TLB) that will mature in 2032. Potomac Energy Center, which is wholly owned by Blackstone Energy Transition Partners IV L.P., used the proceeds to support the acquisition of the asset, as well as to pay transaction-related expenses. Potomac Energy Center LLC owns an operating 774-megawatt (MW) natural-gas power plant in Leesburg, Va. The facility achieved commercial operations in April 2017 and consists of two Siemens SGT6-5000F combustion turbines. The facility only burns natural gas fuel. Blackstone Energy Transition Partners manages the asset. Capacity prices in the Dominion Zone of the PJM clear at a premium compared with the rest of the regional transmission organization (RTO). The Dominion Zone has the highest demand growth of any RTO market due to the large amount of data centers in the area. The 2025-2026 auction cleared at $444 MW per day (MW-d), which is a substantial increase from $29/MW-d in the prior auction, and well above the $267/MW-d for much of the PJM footprint, reflecting the relatively higher demand and limited supply growth in the region. The 2026-2027 auction cleared at the PJM capacity price cap of $329/MW-d. S&P said, "We expect the price signal should be an incentive for investment in incremental dispatch; however, the PJM market has limited transmission capacity and long interconnection processes, resulting in high barriers to entry and delayed timing for new entrants. We expect limitations to supply growth to result in a sustained premium on capacity prices up to the PJM capacity price cap of $329/MW-d through 2028-2029. We anticipate capacity prices should come down as additional dispatch comes online in the next five years." With a full baseload heat rate of about 7,136 Btu/kWh and relatively low marginal costs, Potomac is one of the most efficient gas plants in the PJM-Dominion Zone (DOM) supply stack. Potomac has contractual arrangements to source its natural gas supply primarily from Eastern Gas South (formerly Dominion South) hub, which has exhibited a 20%-25% discount to Henry Hub and provides a competitive advantage relative to other CCGT plants that source from higher-cost regions. Its low heat rate and cost advantage puts it ahead of other plants in the PJM-DOM dispatch stack; however, its positioning in the DOM does not isolate it from competition from neighboring zones. S&P anticipates data center demand growth and supply constraints should continue to support capacity factors of over 68% over the next five years under normal operating conditions. Historical capacity factors have largely remained in the 68%-76% range since 2021 under normal operating conditions. Potomac operates on a fully merchant basis in the PJM and is subject to supply and demand fundamentals of the broader market. The project does not benefit from any long-term contractual sales or hedges on its natural gas supply, which exposes its profitability and cash generation to market-related forces. Power prices are difficult to predict and can exhibit volatility from period to period. Under current market conditions, power prices in the PJM-DOM have cleared at a premium in both on-peak and off-peak relative to PJM-RTO, resulting in higher clean spark spreads expectations of $19-$22/MWh compared to other peers in the PJM, which range from $9-$15/MWh. Although stronger pricing under current market fundamentals provides some upside, given the project operates on a fully merchant basis, the project is exposed to margin volatility through its asset life. Additional dispatch additions, increases in regulations, and the uncertainty around the reversal of Virginia's RGGI withdrawal, both regarding to its timing and future auction clearing prices, could affect energy margins and the project's competitive advantage over the life of the asset. Capacity prices do provide some level of cash flow visibility through the cleared periods, generating at least 35% of the project's gross margin over the life of the asset. The project may be exposed to refinancing risk at the end of its debt term. S&P said, "We forecast the project will not have sufficient CFADS and cash on hand to repay debt outstanding at maturity in 2032. Prospects for debt repayment over the debt tenor under the TLB sweep structure are sensitive to changes in market-driven and regulatory variables, particularly for merchant-based projects such as Potomac. We estimate approximately $312 million, or 59% of issuance amount, will remain outstanding at the end of the debt term." S&P said, "The stable outlook recommendation reflects our expectation that Potomac will have dispatch levels in excess of 65% and spark spreads in the $19-$22/MWh range through the life of the TLB. We project DSCRs in the 1.4x-1.6x area through the life of the project, which includes the post-refinancing period. "We could lower the rating if we expect the project is unable to maintain a minimum DSCR of 1.35x on a sustained basis. This could result from factors such as lower-than-expected capacity factors, material reductions in power price, or if operational challenges such as forced outages result in lower plant availability." While unlikely within the next year or so due to the single-asset nature of the project, S&P could raise the rating if: -- S&P has a qualitative view that it could rate the project 'BB' given the project's single-asset nature and exposure to inherent power price volatility, operational risk, and refinancing risk and; -- S&P expects the project will maintain a minimum base-case DSCR greater than 1.80x in all years, including the post-refinancing period. PRESBYTERIAN HOMES: Cedar Creek Sale to Pikeville Assisted OK'd --------------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Kentucky, Louisville Division, has granted Presbyterian Homes and Services of Kentucky, Inc. (PHSK) and its affiliate St. James Group, Inc., to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtors want to sell all rights, assets, equipment, fixtures, real property, and improvements commonly identified as Cedar Creek and located at t 150 and 156 Winston Drive, Pikeville, Kentucky 41501. The Debtors are nonprofit corporations organized under the laws of the Commonwealth of Kentucky. PHSK opened the doors of its first facility, Rose Anna Hughes, in 1947 with its mission of service to others. Consistent with its mission, PHSK provides assisted living and low income housing to seniors in the Pikeville and Louisville areas. St. James owns the real property on which PHSK operates. The Court has authorized the Debtors to sell the Cedar Creek Property to Pikeville Assisted Living, LLC d/b/a Cedar Creek, a Kentucky limited liability company. The sale of Cedar Creek through a private sale is justified under the facts and circumstances surrounding the assets and the Chapter 11 case. The Debtors marketed the asset for sale through the engagement of a broker experienced with commercial properties, and the Asset Purchase Agreement represents the best currently viable offer. The consideration obtained for Cedar Creek is fair and reasonable, represents the highest and best offer for Cedar Creek, and is in the best interests of the Debtors, their creditors, and Estates. The cash purchase price constitutes full and adequate consideration and reasonably equivalent value for Cedar Creek. All objections and responses to the sale of Cedar Creek to the Buyer or the related relief requested in the Sale Motion that have not been withdrawn, waived, or settled by stipulation filed with the Court or pursuant to the terms of this Order, and all reservations of rights included are overruled on the merits, with prejudice. All persons and entities given notice of the Sale Motion that failed to timely object thereto are deemed to consent to the relief sought therein, including the assumption and assignment of the Assumed Contracts and establishment of the Cure Amounts. The sale and transfer of Cedar Creek to Buyer shall not subject Buyer to any liability (including, but not limited to, any successor liability) with respect to or relating to the operation of Debtors' business prior to the sale or by reason of such transfer including but not limited to any liability relating to Debtors' current or former leases at, or use or occupation of, Cedar Creek or otherwise. The Buyer's acquisition of Cedar Creek shall be free and clear of any "successor liability" or related or similar claims of any nature whatsoever, whether known or unknown and whether asserted or unasserted as of the closing of the transaction, to the greatest extent allowed by applicable law. In the event of a direct conflict between the terms of this Order and the terms of the Asset Purchase Agreement (APA), or a direct conflict between any other order of this Court and this Order, the terms of this Order shall govern. Notwithstanding the foregoing, the terms of the APA remain enforceable and are unchanged except as expressly provided by this Order. Each and every provision of the APA is a legal and binding obligation of Debtors and Buyer, enforceable in accordance with its terms. About Presbyterian Homes and Services of Kentucky, Inc. Presbyterian Homes and Services of Kentucky, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 24-33060) on December 15, 2024, listing up to $10 million in both assets and liabilities. Hattie H. Wagner, president and chief executive officer of Presbyterian, signed the petition. Judge Alan C. Stout oversees the case. Charity S. Bird, Esq., at Kaplan Johnson Abate & Bird, LLP, represents the Debtor as legal counsel. Stock Yards Bank & Trust Company, as secured creditor, is represented by Edward M. King, Esq., and Jamie Brodsky, Esq., at Frost Brown Todd, LLP, in Louisville, Kentucky. Hardin KY Opco and Hardin KY Propco, as secured creditors, are represented by Mary Elisabeth Naumann, Esq., and Chacey R. Malhouitre, Esq., at Jackson Kelly, PLLC, in Lexington, Kentucky. PRESTON CONSULTING: Case Summary & Nine Unsecured Creditors ----------------------------------------------------------- Debtor: Preston Consulting I, LLC 190 Pontiac Business Center Drive Elgin, SC 29045 Business Description: Preston Consulting I, LLC provides consulting and business-development services and performs government-contracting work. Chapter 11 Petition Date: October 6, 2025 Court: United States Bankruptcy Court District of South Carolina Case No.: 25-03923 Debtor's Counsel: Roger K Pruitt, Esq. RK PRUITT LAW FIRM PO Box 162 Columbia, SC 29202 Tel: (803) 767-5988 Email: attorney@rkpruitt.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Gene Preston as president. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/27BRYLI/Preston_Consulting_I_LLC__scbke-25-03923__0001.0.pdf?mcid=tGE4TAMA PRESTON CYCLES: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Preston Cycles LLC d/b/a Thunder Tower Harley Davidson 190 Pontiac Business Center Drive Elgin, SC 29045 Business Description: Preston Cycles LLC, doing business as Thunder Tower Harley-Davidson, operates a motorcycle dealership and service center in Elgin, South Carolina. The Company sells new and pre-owned Harley-Davidson motorcycles, offers parts and accessories, and provides maintenance and repair services. It serves retail customers in the Columbia metropolitan area. Chapter 11 Petition Date: October 6, 2025 Court: United States Bankruptcy Court District of South Carolina Case No.: 25-03922 Judge: Hon. Elisabetta Gm Gasparini Debtor's Counsel: Roger K. Pruitt, Esq. RK PRUITT LAW FIRM PO Box 162 Columbia, SC 29202 Tel: (803) 767-5988 Email: attorney@rkpruitt.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Gene Preston 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/NOMPZLI/Preston_Cycles_LLC__scbke-25-03922__0001.0.pdf?mcid=tGE4TAMA PRO MACH GROUP: S&P Rates Proposed Amend-And-Extend Term Loan 'B' ----------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '3' recovery rating to Pro Mach Group Inc.'s (B/Stable/--) proposed $2.19 billion first-lien term loan due October 2032. Pro Mach intends to amend and extend its existing senior secured credit agreement to remove the 1% SOFR floor, extend the maturity of the first-lien term loan to 2032, and increase the capacity of its revolving credit facility (RCF) to $425 million from $350 million. The '3' recovery rating reflects S&P's expectation of meaningful (50%-70%; rounded estimate: 50%) recovery in the event of payment default. Its ratings on the RCF remain unchanged. S&P said, "We view the transaction as largely debt-leverage neutral and expect the company's S&P Global Ratings-adjusted leverage to remain in the low 5x area through the end of fiscal year 2025. We forecast it will improve further in 2026 as the company's S&P Global Ratings-adjusted EBITDA grows to about $460 million." Steady aftermarket demand, along with full-year contributions from earlier merger and acquisition transactions and continued operational efficiencies, should preserve Pro Mach's credit metrics in 2026. Nonetheless, persistent demand headwinds including elevated inflation levels, high benchmark rates, and a sluggish U.S. economic forecast could temper demand for the company's new equipment solutions. S&P Global Ratings economists forecast GDP of 1.8% in 2026, down from 1.9% in 2025 and 2.8% in 2024. Issue Ratings--Recovery Analysis Key analytical factors -- S&P's recovery analysis assumes Pro Mach reorganizes in a default scenario, given its relationships with its blue-chip customer base and the high profit margin on the aftermarket services it provides to its installed machine base. -- S&P's analysis is based on an emergence EBITDA of about $262 million and 5.5x multiple. This incorporates our view of Pro Mach's competitive position, the cyclical end markets it serves, and incremental EBITDA contributions from recently completed acquisitions. -- Pro Mach's capital structure will include a $425 million revolver due in September 2029 and $2.19 billion first-lien term loan due in October 2032. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA multiple: 5.5x -- EBITDA at emergence: $261.7 million -- Jurisdiction: U.S. Simplified waterfall -- Net enterprise value (after 5% administrative expense): $1.367 billion -- Valuation split (obligors/nonobligors): 77%/23% -- Total value available to secured creditors (including deficiency claims): $1.367 billion -- Total secured first-lien debt: $2.51 billion --Recovery expectations: 50%-70% (rounded estimate: 50%) S&P said, "Debt amounts include six months of accrued interest that we assume will be owed at default. Collateral value includes asset pledges from obligors (after priority claims) plus equity pledges in nonobligors. We generally assume usage of 85% for cash flow revolving facilities at default." PROJECT PIZZA POLK: Unsecureds to Get 6 Cents on Dollar in Plan --------------------------------------------------------------- Project Pizza Polk LLC d/b/a Fiorella Polk filed with the U.S. Bankruptcy Court for the Northern District of California a Plan of Reorganization for Small Business dated September 30, 2025. The Debtor is a California Limited Liability Company. The Debtor is one of four restaurants that the ownership group that founded the Debtor has operated in San Francisco. Fiorella Polk is the second of four restaurants opened and operated by the Fiorella Restaurant Group since 2016. The co founders were enabled to open Fiorella Polk following the success of the first restaurant. The Debtor is a full-service Italian restaurant and bar dedicated to serving the neighborhood. The focus is on high-quality ingredients, handcrafted pizzas, and a welcoming dining experience aiming to bring the community together. Founded shortly before the COVID-19 pandemic, the Debtor faced significant financial setbacks at opening, specifically: delays in construction and a lack of customers in its facility owing to safety and health restrictions. In order to maintain operations, the Debtor borrowed substantial sums from a number of Merchant Cash Advance lenders. Owing to decreased post-pandemic revenue, the Debtor was unable to repay MCA loan principal, became increasingly unable to make all required payments to its MCA lenders and faced growing balances to both the MCA Lenders and its vendors. The Debtor's financial projections show that the Debtor will have projected disposable income of $5,000.00. The final Plan payment is expected to be paid on December 1, 2030, which is anticipated to be 60 months after the effective date. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 6 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 3 consists of Non-priority unsecured creditors. Holders of allowed unsecured claims shall receive a pro rata share of the projected disposable income of the Debtor over the 5-year term of this Subchapter V plan after payment of allowed Administrative expense claims and allowed Priority claims. This Class is impaired. The equity security holders of the Debtor shall retain their equity in the Debtor without modification or impairment. The Debtor will retain the property of its estate, operate Fiorella Polk, reserve funds for all disputed claims, litigate objections to the claims of holders of disputed claims, prosecute avoidance actions and litigation against its MCA lenders who are liable for usury. The Debtor shall reserve $13,589/67 per month commencing on October 1, 2025, to cure the arrears to 2242 Polk LP by March 31, 2026 and release accrued funds to 2242 Polk, LP on the Effective Date. Avenue Management LLC shall continue as the Debtor's manager. A full-text copy of the Plan of Reorganization dated September 30, 2025 is available at https://urlcurt.com/u?l=1d6KgM from PacerMonitor.com at no charge. About Project Pizza Polk 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. Cal. Case No. 25-30521) on July 2, 2025, with $206,216 in assets and $1,053,818 in liabilities. Boris Nemchenok, manager, signed the petition. Judge Dennis Montali oversees the case. The Debtor tapped Matthew D. Metzger, Esq., at Belvedere Legal, PC as counsel and Boos & Associates, PC as accounting consultant. PROPEL TRUCKING: Hires Bond Law Office as Legal Counsel ------------------------------------------------------- Propel Trucking, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas, Central Division, to hire Bond Law Office to serve as legal counsel in its Chapter 11 case. Bond Law Office will provide these services: (a) become familiar with the financial affairs of the Debtor; and (b) represent the Debtor’s interests before the Court. Bond Law Office shall receive an hourly rate of $375 for lead attorney Stanley V. Bond, $250 for Associate Counsel Kathryn Worlow, and $125 for paraprofessional work. Costs of representation are charged separately. Before the commencement of the case, the firm received from the Debtor a filing fee of $1,738 and an attorney retainer of $12,105.75. Bond Law Office and its attorneys have no conflict of interest with the Debtor, any of its creditors, or any party in interest and are each a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Stanley V. Bond, Esq. BOND LAW OFFICE 525 South School Ave., Ste. 100 Fayetteville, AR 72701 Telephone: (479) 444-0255 Facsimile: (479) 235-2827 E-mail: attybond@me.com About Propel Trucking, Inc. Propel Trucking, Inc. filed its voluntary petition for Chapter 11 protection (Bankr. E.D. Ark. Case No. 4:25-bk-13396) on October 2, 2025. The Debtor listed estimated assets of $0 to $50,000 and liabilities of $1,000,001 to $10 million. The case is assigned to the U.S. Bankruptcy Court for the Eastern District of Arkansas, Central Division. Judge Bianca M. Rucker oversees the case. Stanley V. Bond, Esq. represents the Debtors as counsel. PURDUE PHARMA: Baltimore City Asks Court to Reject Bankruptcy Plan ------------------------------------------------------------------ Alex Wolf of Bloomberg Law reports that Baltimore officials urged a federal bankruptcy judge to deny confirmation of Purdue Pharma LP's reorganization plan, alleging it illegally favors creditors who agree to shield the Sackler family from further lawsuits. According to a Tuesday, October 7, 2025, objection filed in the U.S. Bankruptcy Court for the Southern District of New York, Mayor Brandon M. Scott and the City Council contend the plan discriminates against non-federal government creditors by classifying them together but granting more favorable terms to those who consent to releasing claims against the Sacklers. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries -- http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and related disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the reimagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. RACKSPACE FINANCE: Nuveen Floating Marks $12.9MM 1L Loan at 48% Off ------------------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $12,992,825 loan extended to Rackspace Finance, LLC to market at $6,816,621 or 52% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a First Lien Second Out Term Loan to Rackspace Finance, LLC. The loan accrues interest at a rate of 7.211% per annum. The loan matures on May 15, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Rackspace Finance, LLC Rackspace offers cloud migration, IT-as-a-service, security, compliance, and PCI DSS certified hosting for financial services, helping with digital transformation. RE/MAX LLC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR ------------------------------------------------------------- S&P Global Ratings revised its outlook on Denver-based real estate franchiser RE/MAX LLC to negative from stable and affirmed all the ratings, including the 'BB-' issuer credit rating. RE/MAX LLC's financial performance has been strained by U.S. agent attrition amid a weak home sales environment. S&P said, "We believe the company's competitive position has weakened, as its EBITDA has contracted to about $100 million in a highly competitive market that's facing uncertainty on the timing of recovery. "We believe it will be difficult for the company to profitably stabilize its U.S. agent attrition, leading us to take a less-favorable view of its business risk. "We revised our outlook on RE/MAX to negative. This reflects the company's declining U.S. agent count, contracting EBITDA base, and rising competitive pressures in an uncertain housing market. For the first half of the year, the company reported a year-over-year revenue decline of 6%, primarily due to the attrition of U.S. agents and persistently low home sales volume. The profits of peers Anywhere Real Estate and Compass Inc. are predominantly tied to commissions and home sale volumes. By contrast, REMAX's business model has less volatility because its profits largely stem from recurring franchise fees and agent dues, with its U.S. agents being the most profitable. Still, as home sales volumes remain at or near historical lows over the past three years, the company's U.S. agent count has been declining steadily, accelerating recently to 4%-7% annually. This has contributed to the company's S&P Global Ratings-adjusted EBITDA contracting by about 20% since 2022 with our forecast of $97 million for 2025. As a result, we revised our assessment of the company's business risk to weak from fair, and we no longer net cash in our S&P Global Ratings-adjusted debt calculation. For the 12 months ended June 30, 2025, RE/MAX's S&P Global Ratings-adjusted leverage remained steady at 4.7x compared to 4.8x in the prior 12-month period, with free operating cash flow to debt of 9.8%, as the company benefited from prior cost-cutting actions. We will continue to monitor the company's ability to achieve EBITDA under its recent downward guidance. We believe future cost-cutting actions are somewhat limited without impairing its value proposition, including its technology and customer service offerings to maintain quality agent service. "We believe continued declines in the U.S. agent count could further pressure EBITDA in 2026. We expect home sales volumes will remain depressed through the back half of 2025, as our S&P Global economists forecast mortgage rates remaining elevated above 6% for the rest of the year. In 2026, we expect rates to decline to 5.6%, which could support increased housing affordability and a recovery in home sales. Still, we anticipate further declines in the company's U.S. agent count will pressure EBITDA unless existing home sales levels return to 4.5 million-5 million. There are different industry views on when home sales could return to this level, creating some uncertainty on the timing of recovery in RE/MAX's performance. The Mortgage Bankers Association (MBA) is forecasting a recovery to 4.5 million sometime in 2027, while Fannie Mae is anticipating a return to this level by third-quarter 2026. "While RE/MAX has managed its costs through this industry downturn to maintain healthy S&P Global Ratings-adjusted EBITDA margins in the low-30% area, we don't expect it to continue to do so if home sale volumes don't improve. Although international agent growth is partially offsetting U.S. revenue declines, these operations contribute less to overall revenue, highlighting the crucial need to stabilize the U.S. agent base. Adding to these challenges, the mortgage service segment, while currently expanding, continues to be an annual EBITDA drag of $5 million-$6 million. The company has appointed a new president to lead the mortgage business, though we don't anticipate a meaningful turnaround for the foreseeable future." The evolving competitive landscape further complicates RE/MAX's efforts to retain agents. Stabilizing the U.S. agent count remains a critical challenge for RE/MAX, as revenue from franchise fees and annual dues contributed over two-thirds of its revenue for the last 12 months (excluding marketing funds fees). The company has implemented strategies in recent years to stabilize its U.S. agent base. However, measuring the success of these strategies is difficult given the weak home sales environment, which has likely contributed to agent attrition. The company recently implemented two new offerings: 1) "Aspire," a new agent onboarding program, and 2) "Ascend," an optional fee model designed to attract and retain agents by significantly reducing monthly fees. While the Ascend program aims to boost recruiting and agent retention, wide adoption of this offering could result in a revenue mix shift toward more variable commission fees and weaken the company's insulation against the volatility of the housing market. These initiatives are in the nascent stages; we'll continue to assess their effect on the business. S&P said, "We also expect the recently announced acquisition of Anywhere Real Estate by Compass Inc. to create a more competitive environment for RE/MAX for attracting and retaining real estate professionals. This consolidation could intensify competition for agents, making it more challenging for RE/MAX to stem the current attrition, particularly because Compass might be able to offer more attractive compensation packages or expanded agent resources. "Over the next year, we expect RE/MAX to maintain adequate liquidity and adhere to prudent financial policies. The company's revolving credit facility, maturing in July 2026, is currently undrawn, and we believe RE/MAX is well-positioned to refinance it. Even without the credit facility, the company possesses sufficient liquidity to cover modest capital expenditures and working-capital needs. Liquidity is further supported by $94 million of cash on hand as of June 30, 2025. Given the current market environment, we expect RE/MAX to maintain a conservative dividend policy and limit share repurchases, with a potential resumption to normalized shareholder returns when market conditions improve." The negative outlook reflects the risk that RE/MAX can't profitably stabilize its U.S. agent count over the next 12 months, causing EBITDA to contract further and leverage and cash-flow metrics to weaken. S&P said, "We could lower the rating if competitive pressures increase, RE/MAX is unable to profitably stabilize its U.S. agent count, or we expect leverage to increase meaningfully above 5x or free operating cash flow to debt to decline below 10% without prospects to improve." This could occur due to a combination of: -- RE/MAX's recurring revenue base continues to decline due to significant U.S. agent attrition leading to continued EBITDA declines; -- A change to the company's franchise fee or annual dues structure reduces recurring revenues, leaving the company less insulated from market swings; or -- A change in financial policy sharply increases debt to fund acquisitions, shareholder distributions, or share repurchases. S&P could revise its outlook on RE/MAX to stable if it profitably stabilizes its U.S. agent count, continues to generate a majority of revenue from recurring fees (excluding marketing funds fees), and returns to EBITDA growth. In this scenario, S&P would expect: -- A recovery in housing market trends; -- The company to maintain EBITDA margins above 30%; and -- Leverage to remain well below 5x, with FOCF to debt exceeding 10%. RENHURST HOLDINGS: Case Summary & 17 Unsecured Creditors -------------------------------------------------------- Debtor: Renhurst Holdings, Inc. 817 E. Renfro Street Burleson, TX 76028 Business Description: Renhurst Holdings, Inc. manages real estate for others and provides property appraisal services and is classified as a single-asset real estate debtor under 11 U.S.C. Section 101(51B). Chapter 11 Petition Date: October 7, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-43905 Judge: Hon. Edward L Morris Debtor's Counsel: Joseph Fredrick Postnikoff, Esq. ROCHELLE MCCULLOUGH, LLP 300 Throckmorton Street, Suite 520 Fort Worth, TX 76102-2929 Tel: (817) 347-5261 E-mail: JPostnikoff@romclaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Qasim Saeed as president. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DUWRJTQ/Renhurst_Holdings_Inc__txnbke-25-43905__0001.0.pdf?mcid=tGE4TAMA REYNA HOSPITALITY: Gets OK to Use Cash Collateral Until Oct. 24 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York issued an interim order granting Reyna Hospitality Group Inc. approval to use the cash collateral of its secured creditors. The court authorized the Debtor to use cash collateral from October 1 to 24 in accordance with a budget, subject to a 10% variance. Use beyond this period requires further court approval at the final hearing. The Debtor previously entered agreements with several merchant cash advance lenders (MCAs) who filed UCC-1 financing statements. However, the Debtor disputes the validity or perfection of the MCAs' liens. Additionally, the State of New York holds tax warrants against the Debtor for unpaid taxes. To protect these creditors, the court granted replacement liens on the Debtor's property, proceeds, and future assets to the same extent and priority as any valid pre-petition interests, subject only to certain carveouts for U.S. Trustee fees and potential Chapter 7 trustee commissions. The replacement liens are deemed automatically perfected without additional filings and will not attach to proceeds from avoidance actions. The MCAs and New York State may assert superpriority claims under Section 507(b) if their interests diminish. The Debtor's authority to use cash collateral terminates immediately if any of the following occurs: conversion or dismissal of the case, confirmation of a Chapter 11 plan, uncured default, unauthorized modification of the order, or cessation of business operations. A final hearing is scheduled for October 23. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Jmt1a from PacerMonitor.com. About Reyna Hospitality Group Inc Reyna Hospitality Group Inc operates a restaurant in New York City under the name Reyna New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12020-lgb) on September 16, 2025. In the petition signed by Veronique Laborie, president, the Debtor disclosed up to $1 million in both assets and liabilities. Judge Lisa G. Beckerman oversees the case. Robert L. Rattet, Esq., at Davidoff Hutcher & Citron LLP, represents the Debtor as legal counsel. RICHMOND BELLY: Court Extends Cash Collateral Access to Oct. 31 --------------------------------------------------------------- Richmond Belly Ventures, LLC and its affiliates received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, to use cash collateral through October 31. The court's order authorized the Debtors' interim use of cash collateral to pay operating expenses in accordance with their budget. As protection for the use of their cash collateral, secured creditors including Blue Ridge Bank, N.A. and the U.S. Small Business Administration were granted a replacement lien on cash collateral generated by the Debtors after the petition date. As further protection, the secured creditors will receive monthly payments as laid out in the budget. Blue Ridge Bank will continue to receive a monthly payment of $3,000 from the cash collateral of Scotts Belly Ventures, LLC, one of the affiliated debtors. The next hearing is scheduled for October 22. Richmond Belly Ventures has SBA Economic Injury and Disaster Loans totaling nearly $495,100 while Scotts Belly Ventures owes Blue Ridge Bank approximately $116,600 on a loan originally for $525,000. Meanwhile, certain merchant cash advance (MCA) creditors may hold liens but the Debtors do not acknowledge the validity of such liens. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/f9EMC from PacerMonitor.com. About Richmond Belly Ventures Richmond Belly Ventures, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-32131) on May 29, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. John Bokel, managing member of Richmond Belly Ventures, signed the petition. Judge Hon. Keith L Phillips oversees the case. Kollin G. Bender, Esq., at Hirschler Fleischer, P.C., is the Debtor's legal counsel. Blue Ridge Bank, N.A. is represented by: Jeremy S. Williams, Esq. Kutak Rock, LLP 1021 East Cary Street, Suite 810 Richmond, VA 23219 Telephone: (804) 644-1700 Facsimile: (804) 783-6192 jeremy.williams@kutakrock.com RITE AID: Hilco Global to Hold Asset Auction on November 6 ---------------------------------------------------------- Hilco Global presents the opportunity to acquire the Rite Aid(R) consumer brand, one of the most recognized retail pharmacy brands in the United States. Available assets include the iconic Rite Aid(R) name and trademarks, the RiteAid.com domain, private label brands, and consumer loyalty data representing millions of historical program members. For over 6 decades, the Rite Aid(R) brand has been synonymous with accessible, neighborhood healthcare. Leveraging this history of care and trust, Rite Aid(R) can be used to immediately scale offerings in healthcare services, consumer products, ePharmacy, health and beauty, digital health, and other high-growth markets. Bid Deadline: October 31, 2025 Auction (if necessary): November 6, 2025 About Rite Aid Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy, as well as services offered through the Company's wholly owned subsidiary Bartell Drugs. On the Web: http://www.riteaid.com/ Rite Aid and certain of its subsidiaries previously filed for chapter 11 bankruptcy in October 2023 and emerged from bankruptcy in August 2024. On May 5, 2025, New Rite Aid, LLC and its subsidiaries, including Rite Aid Corporation, commenced voluntary Chapter 11 proceedings (Bankr. D.N.J. Lead Case No. 25-14861). As of the 2025 bankruptcy filing date, Rite Aid operates 1,277 stores and 3 distribution centers in 15 states and employs approximately 24,500 people. Rite Aid is using the Chapter 11 process to pursue a sale of its prescriptions, pharmacy and front-end inventory, and other assets. The cases are being administered by the Honorable Michael B. Kaplan. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor, Guggenheim Securities, LLC is serving as investment banker, and Alvarez & Marsal is serving as financial advisor to the Company. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to the Company. Kroll is the claims agent and maintains the page https://restructuring.ra.kroll.com/RiteAid2025 Bank of America, N.A., as DIP Agent, is represented by lawyers at Greenberg Traurig, LLP; and Choate Hall & Stewart LLP. SASAS HOSPITALITY: Court Extends Cash Collateral Access to Oct. 30 ------------------------------------------------------------------ SASAS Hospitality, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral until October 30, marking the ninth extension since its Chapter 11 filing. The ninth interim order authorized the Debtor to use the cash collateral of its senior secured creditor, Albany Bank & Trust Company, N.A., to pay the expenses set forth in its budget, subject to a 10% variance. As protection, Albany was granted a valid, perfected and enforceable first-priority security interest on assets of the Debtor in which it held a security interest and lien as of the petition date, including, without limitation, cash resulting from the Debtor's operations. The Debtor must not borrow, obtain credit, financing or other credit during the pendency of the interim order, and must not allow any liens to attach to the collateral. All post-petition fees owed to Best Western International, Inc. under a 2017 membership agreement must be paid in full monthly in the ordinary course, outside the budget limits. The next hearing is scheduled for October 29, with objections due by October 27. The Debtor owns and operates a hotel located at 5105 S. Howell Avenue, Milwaukee, Wisconsin. The Debtor asserts that the value of the hotel and real estate is in excess of $7 million. A lien exists for the property in favor of Albany Bank, which has a loan with the Debtor with a balance of $4,765,754.43. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Qsr3U from PacerMonitor.com. About SASAS Hospitality LLC SASAS Hospitality, LLC is a hospitality company that owns a property at 5105 S Howell Ave, Milwaukee, Wis. SASAS Hospitality filed Chapter 11 petition (Bankr. N.D. Ga. Case No. 25-03643) on March 10, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Jacqueline P. Cox handles the case. Paul M. Bach, Esq., at Bach Law Offices is the Debtor's bankruptcy counsel. Albany Bank & Trust Company, as secured creditor, is represented by: David A. Golin, Esq. Saul Ewing, LLP 161 North Clark Street, Suite 4200 Chicago, IL 60601 Phone: (312) 876-7100 david.golin@saul.com SCANDIA SPA: Unsecureds to Recover Between 50% and 100% of Claims ----------------------------------------------------------------- Scandia Spa Center for the Performing Arts Inc. filed with the U.S. Bankruptcy Court for the District of New Jersey a Combined Plan of Liquidation and Disclosure Statement dated September 30, 2025. The Debtor is a New Jersey corporation wholly owned by Jean Rubin and Ana Lindgren Rubin. The Debtor is a New Jersey corporation that owns 90.45 acres of real property in Township of Frankford, Sussex County, New Jersey (the "Property"). On January 14, 2021, Scandia entered into a Loan Agreement with Astor Holdings, LLC for a loan in the amount of $251,000. The proceeds from this loan enabled Scandia to complete a Chapter 11 Plan of Reorganization in a Chapter 11 proceeding it had filed in the United States Bankruptcy Court for the District of New Jersey in 2018, Case No. 18-33582 (SLM). Astor commenced foreclosure proceedings based on the unsatisfied Loan Agreement on October 21, 2024, Docket No. F-010388-24, filed in the Superior Court of New Jersey, Chancery Division, Sussex County. A judgment of foreclosure was entered on February 26, 2025. A sheriff's sale was most recently scheduled for July 2, 2025. The Debtor filed this Plan so that it could sell the Property to raise funds for all creditors, including General Unsecured Creditors, who would not be paid anything if the Property were sold at Sheriff sale. The Plan provides for the payment in full, plus interest, if applicable, to (i) holders of Allowed Administrative Expense Claims, (ii) Priority Tax Claims and (iii) Secured Claims. Holders of Allowed General Unsecured Claims shall receive their pro-rate share of the remaining funds available for distribution. It is estimated that holders of General Unsecured Claims will receive a distribution of approximately between 50% and 100% of the amount of their Allowed Claims. The Plan will be funded through the sale and/or lease of the real property owned by the Debtor located in Frankford Township, Sussex County, New Jersey. The property consists of 90.45 acres of undeveloped land. Class 2 is comprised of all General Unsecured Creditors. Holders of Allowed Class 2 Claims shall be paid their pro rata share of the total Allowed General Unsecured Claims which are $315,775.45, subject to objections to be filed as set forth herein. Class 3 consists of Equity Interest Holders. Interest to be paid with proceeds from the sale of the Property. The Plan will be implemented with the marketing and sale of the Frankford Township Property (the "Property"). Prior to the Petition Date, the Property was marketed by the Debtor and Jean Rubin, with assistance of Astor Holdings, LLC. During that time, an offer was received from the State of New Jersey and an unsigned Letter of Intent was received for the purchase of the 90 acres for $900,000. The Debtor has engaged Brian Ohab of Coldwell Banker to provide assistance with marketing the Property to the other prospective purchasers or lessors going forward. The Debtor anticipates that an offer for the Property will be received within one hundred and eighty days, which will enable the Debtor to fund this Plan. The sale proceeds will be sufficient for the Debtor to pay secured claims in full. The balance of the sale proceeds will be paid to the General Unsecured Creditors on a pro-rata basis. The Property was appraised in 2024 at $10,000 per acre. Based on this, the sale of the Property should provide sufficient funds to pay Secured Claims in full and to pay unsecured claimholders 50% to 100%. A full-text copy of the Combined Plan and Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=3tI6rn from PacerMonitor.com at no charge. Counsel to the Debtor: FORMAN HOLT Erin J. Kennedy, Esq. 365 West Passaic Street, Suite 400 Rochelle Park, NJ 07662 (201) 845-1000 About Scandia Spa Center for the Performing Art Scandia Spa Center for the Performing Arts Inc. is a New Jersey corporation operating a combined spa facility and performing arts center in Newton, NJ. Scandia Spa Center for the Performing Arts Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-16960) on July 1, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $100,000 and $500,000. The Debtor is represented by Erin Kennedy, Esq., at Forman Holt. SHERLAND & FARRINGTON: Gets Extension to Access Cash Collateral --------------------------------------------------------------- Sherland & Farrington, Inc. received second interim approval from the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral through October 22 in accordance with its budget. The Debtor is not allowed to spend more than 110% of any line item in the weekly budget or more than 105% of the aggregate budget for any one week. To protect the interests of secured lenders, the Debtor granted the lenders replacement liens on all current and future assets, subject to valid, pre-existing senior liens (excluding Chapter 5 recoveries). These liens would be automatically perfected without the need for additional filings. As additional protection, the Debtor was ordered to pay $10,000 to Columbia Bank. Events such as conversion to Chapter 7, appointment of a trustee, material misrepresentations, or failure to remain cash positive constitute defaults. A final hearing on the continued use of cash collateral is scheduled for October 22. The Debtor's assets, which include inventory, leasehold improvements, goodwill, and revenue from sales, are valued at approximately $3.17 million. Its secured debt totals about $3.59 million, including a disputed $629,625 claim asserted by Skanska USA Building, Inc. Prior to the bankruptcy filing, the Debtor obtained financing from multiple secured lenders, including Columbia Bank, the U.S. Small Business Administration, the Internal Revenue Service, and Skanska. Each lender has filed UCC-1 financing statements to perfect its security interests. Columbia Bank is believed to hold a first-priority lien on the Debtor's assets based on a $1.75 million loan. The SBA claims a perfected lien for a $478,000 loan, and the IRS has asserted a tax lien of over $581,000, which the Debtor disputes. Skanska filed a UCC-1 for a $629,625 debt related to construction materials, which the Debtor also disputes, asserting that the lien was improperly filed and should have been terminated. About Sherland & Farrington Inc. Sherland & Farrington, Inc. provides commercial flooring services including consultation, design specification, renovation logistics and installation for corporate clients. The company has operated for more than five decades in the New York area, working with businesses on large-scale flooring projects. It is a founding member of Fuse Alliance, a network of independent flooring contractors. Sherland & Farrington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73272) on August 26, 2025. In its petition, the Debtor reported total assets of $3,165,506 and total liabilities of $7,917,185. Honorable Bankruptcy Judge??Alan S. Trust handles the case. The Debtor is represented by Fred S. Kantrow, Esq., at The Kantrow Law Group, PLLC. SHILO INN BEND: Unsecureds to be Paid in Full over 5 Years ---------------------------------------------------------- Shilo Inn, Bend, LLC and Shilo Inn, Warrenton, LLC filed with the U.S. Bankruptcy Court for the Western District of Washington a Disclosure Statement describing Joint Plan of Reorganization dated September 30, 2025. Shilo Bend is a limited liability company formed under the laws of the State of Oregon. Shilo Warrenton is a limited liability company formed under the laws of the State of Oregon. Mark S. Hemstreet has been the proud founder and owner of the Shilo Inn Suites Hotel chain since 1974. Shilo Bend operates a 151-room/suite, two-story, full-service hotel in Bend, Oregon (the "Bend Hotel"), on fee title land, operated pursuant to a franchise agreement with Shilo Franchise International ("SFI") and managed by Shilo Management Corporation ("SMC"). Based on the appraisal opinion of Mark Hemstreet, the fair market value of the Bend Hotel is at least between $15,000,000 and $20,000,000. Shilo Warrenton operates a 63-all-suites, four-story hotel plus an independent freestanding restaurant that is leased in Warrenton, Oregon (the "Warrenton Hotel"), on fee title land, operated pursuant to a franchise agreement with SFI and managed by SMC. Based on the appraisal opinion of Mark Hemstreet, the fair market value of the Warrenton Hotel is at least between $7,000,000 and $8,000,000. The Hotels are collateral for certain promissory notes (each a "Loan" and, collectively, the "Loans") originally made in November 2015 and now held by RSS WFCM2015NXS4-OR SIB, LLC (as to the loan to Shilo Bend), and RSS WFCM2016NXS5-OR SIW, LLC (as to the loan to Shilo Warrenton), (each a "Lender" and, collectively, the "Lender") and serviced by Rialto Capital Advisors, LLC. The Debtors' primary assets are the Hotels. The fair market value of the Hotels, in the aggregate, is approximately between $22,000,000 and $28,000,000. The total secured debt owing to the Lender is approximately $8,702,323 on Shilo Bend and $4,330,740 on Shilo Warrenton which is secured by the Hotels (plus Lender's asserted, alleged default interest, property protection advances, late fees, and miscellaneous costs, which the Debtors dispute). Class 5 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Bend over $1,000. Estimated amount of asserted Class 5 claims is $33,744.77. Class 5 claim holders will be paid in full with no interest in five equal annual installments commencing on September 1, 2027, and continuing on September 1 of each year 2027 to 2031. This Class is impaired Class 6 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Warrenton over $1,000. Estimated amount of asserted Class 6 claims is $16,084.25. Class 6 claim holders will be paid in full with no interest in five equal annual installments commencing on September 1, 2027 and continuing on September 1 of each year 2027 to 2031. This Class is impaired. Class 7 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Bend that that are $1,000 or less. Class 7 claim holders will be paid in full with no interest on the Plan Effective Date of September 1, 2026. This Class is impaired. Class 8 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Warrenton that that are $1,000 or less. Class 8 claim holders will be paid in full with no interest on the Plan Effective Date of September 1, 2026. This Class is impaired. Class 11 under the Plan is comprised of equity interests in Shilo Bend. The Class 11 equity interests will retain the interests in the Debtors. The Class 11 interest holder is conclusively presumed to have voted to accept the Plan by operation of law. Class 12 under the Plan is comprised of equity interests in Shilo Warrenton. The Class 12 equity interests will retain the interests in the Debtors. The Class 12 interest holder is conclusively presumed to have voted to accept the Plan by operation of law. The Plan will be funded with the Debtors' cash on hand, ongoing business operations, and refinancing when available. A full-text copy of the Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=tqCi71 from PacerMonitor.com at no charge. Counsel to the Debtors: Bryan T. Glover, Esq. Stoel Rives, LLP 600 University Street, Suite 3600 Seattle, WA 98101 Tel: (206) 624-0900 Email: bryan.glover@stoel.com About Shilo Inn, Bend, and Shilo Inn, Warrenton Shilo Inn, an independently owned and operated hospitality company with locations in seven western states and Texas, operate Shilo Inn, Bend, LLC and Shilo Inn, Warrenton, LLC in Oregon. On August 13, 2021, the companies contemporaneously filed voluntary Chapter 11 petitions with the U.S. Bankruptcy Court for the Western District of Washington. The cases are jointly administered under Shilo Inn, Bend, LLC's case (Bankr. W.D. Lead Case No. 21-41340). Judge Mary Jo Heston presides over the cases. On the petition date, Shilo Inn, Bend estimated $10 million to $50 million in both assets and liabilities while Shilo Inn, Warrenton estimated $1 million to $10 million in both assets and liabilities. The petitions were signed by Mark Hemstreet as secretary of Shilo Bend Corp., the Debtors' manager. Levene, Neale, Bender, Yoo & Brill, LLP and Stoel Rives, LLP serve as the Debtors' general bankruptcy counsel and local counsel, respectively. SHILO INN OCEAN: Unsecureds to be Paid in Full over 5 Years ----------------------------------------------------------- Shilo Inn, Ocean Shores, LLC and Shilo Inn, Nampa Suites, LLC filed with the U.S. Bankruptcy Court for the Western District of Washington a Disclosure Statement describing Joint Plan of Reorganization dated September 30, 2025. Shilo Ocean Shores is a limited liability company formed under the laws of the State of Washington. Shilo Nampa Suites is a limited liability company formed under the laws of the State of Oregon. Mark S. Hemstreet has been the proud founder and owner of the Shilo Inn Suites Hotel chain since 1974. Shilo Ocean Shores operates a 113-all suites, 4-story, full service ocean front hotel in Ocean Shores, Washington (the "Ocean Shores Hotel"), on fee title land, operated pursuant to a franchise agreement with Shilo Franchise International, LLC ("SFI") and managed and operated by Shilo Management Corporation ("SMC"). Based on the appraisal opinion of Mark Hemstreet, the fair market value of the Ocean Shores Hotel is at least $15,000,000. Shilo Nampa Suites operates a 84-all-suites, four-story, limited service hotel in Nampa, Idaho (the "Nampa Suites Hotel" and with the Ocean Shores Hotel, collectively, the "Hotels"), on fee title land, operated pursuant to a franchise agreement with SFI and managed by SMC. Based on the appraisal opinion of Mark Hemstreet, the fair market value of the Nampa Suites Hotel is at least $7,000,000. The Hotels are collateral for a certain promissory note (the "Loan") originally made in November 2015 and now held by RSS WFCM2016NXSS-WA SIOSN, LLC, a Washington limited liability company (the "Lender") and serviced by Rialto Capital Advisors, LLC. The Debtors' primary assets are the Hotels. The fair market value of the Hotels, in the aggregate, is approximately $22,000,000. The total secured debt owing to the Lender is approximately $9,200,000, which is secured by the Hotels (plus Lender's asserted alleged default interest, property protection advances, late fees, and miscellaneous costs, which the Debtors dispute). Class 3 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Ocean Shores over $1,000 dollars. Estimated amount of asserted Class 3 claims is $167,867.35. Class 3 claim holders will be paid in full with no interest in five equal annual installments commencing on September 1, 2027, and continuing on September 1 of each year 2027 to 2031. This Class is impaired. Class 4 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Nampa Suites over $1,000 dollars. Estimated amount of asserted Class 4 claims is $378,120.04. Class 4 claim holders will be paid in full with no interest in five equal annual installments commencing on September 1, 2027, and continuing on September 1 of each year 2027 to 2031. This Class is impaired. Class 5 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Ocean Shores that that are $1,000 or less. Class 5 claim holders will be paid in full with no interest on the Plan Effective Date of September 1, 2026. This Class is impaired. Class 6 under the Plan is comprised of non-insider allowed general unsecured claims against Shilo Nampa Suites that that are $1,000 or less. Class 6 claim holders will be paid in full with no interest on the Plan Effective Date of September 1, 2026. This Class is impaired. Class 9 under the Plan is comprised of equity interests in Shilo Ocean Shores. The Class 9 equity interests will retain the interests in the Debtor. Class 10 under the Plan is comprised of equity interests in Shilo Nampa Suites. The Class 10 equity interests will retain the interests in the Debtor. The Plan will be funded with the Debtors' cash on hand, ongoing business operations, and refinancing when available. A full-text copy of the Disclosure Statement dated September 30, 2025 is available at https://urlcurt.com/u?l=wsEs0J from PacerMonitor.com at no charge. Counsel to the Debtors: Bryan T. Glover, Esq. Stoel Rives, LLP 600 University Street, Suite 3600 Seattle, WA 98101 Tel: (206) 624-0900 Email: bryan.glover@stoel.com About Shilo Inn Hospitality companies Shilo Inn, Ocean Shores, LLC and Shilo Inn, Nampa Suites, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Lead Case No. 20-42348) on Oct. 15, 2020. At the time of filing, Shilo Inn, Ocean Shores disclosed assets of between $10 million and $50 million and liabilities of the same range. Shilo Inn, Nampa Suites disclosed $1 million to $10 million in both assets and liabilities. Judge Brian D. Lynch oversees the cases. The Debtors tapped Levene, Neale, Bender, Yoo & Brill L.L.P. as their bankruptcy counsel and Stoel Rives LLP as their local counsel. SILVERROCK DEVELOPMENT: Defends $65MM Chapter 11 Sale Proposal -------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that bankrupt California property developer SilverRock Development urged a Delaware bankruptcy court to approve its proposed $65 million property sale, arguing that objections to the deal rely on speculative valuations and ignore key municipal considerations. The company said that the sale price accurately reflects current market realities and provides the best opportunity to maximize value for creditors amid challenging economic conditions, according to the report. SilverRock also emphasized the importance of maintaining the support of the local municipality, which it said is essential for completing the sale and preserving project viability. The developer warned that delaying or rejecting the transaction based on inflated appraisals could undermine negotiations, stall progress, and reduce potential recoveries for stakeholders, the report states. About SilverRock Development Company SilverRock Development Company, LLC, is a San Diego, Calif.-based company primarily engaged in renting and leasing real estate properties. SilverRock filed Chapter 11 petition (Bankr. D. Del. Lead Case No. 24-11647) on Aug. 5, 2024, with $100 million to $500 million in both assets and liabilities. Robert S. Green, Jr., chief executive officer, signed the petition. Judge Mary F. Walrath handles the case. The Debtor is represented by Jonathan M. Stemerman, Esq., at Armstrong Teasdale. SPIRIT AVIATION: Employs Morris Nichols Arsht as Conflicts Counsel ------------------------------------------------------------------ Spirit Aviation Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Morris, Nichols, Arsht & Tunnell LLP as conflicts counsel in its Chapter 11 case. Morris Nichols will provide these services: (a) perform all necessary services as the Debtors' conflicts counsel, including, without limitation, providing the Debtors with advice, representing the Debtors, and preparing necessary documents on behalf of the Debtors in the areas of restructuring and bankruptcy; (b) counsel the Debtors regarding their rights and obligations as debtors in possession as it relates to any conflict matters or other matters delegated by the Debtors and Davis Polk; (c) advise the Debtors on Delaware law matters, including Delaware corporate law; (d) coordinate with the Debtors' other professionals in representing the Debtors as necessary in connection with these cases; and (e) perform all other necessary, requested, or related legal services. The firm will be compensated at its customary hourly rates and reimbursed for reasonable expenses according to its reimbursement policies. Morris Nichols is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert J. Dehney, Sr., Esq. Matthew O. Talmo, Esq. Sophie Rogers Churchill, Esq. Luke Brzozowski, Esq. MORRIS, NICHOLS, ARSHT & TUNNELL LLP 1201 N. Market Street, 16th Floor Wilmington, DE 19801 Telephone: (302) 658-9200 About Spirit Aviation Holdings, Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. Spirit Aviation Holdings, Inc. and its affiliates filed their voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11897) on August 29, 2025. Judge Sean H. Lane oversees the case. Marshall Scott Huebner, Esq. at Davis Polk & Wardwell LLP represents the Debtors as counsel. SPIRIT AVIATION: Seeks to Hire FTI Consulting as Advisors --------------------------------------------------------- Spirit Aviation Holdings, Inc. and its direct and indirect subsidiaries seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ and retain FTI Consulting, Inc. as restructuring advisors nunc pro tunc to the Petition Date in their Chapter 11 cases. FTI Consulting will provide these services: (a) assist with preparation of voluntary petitions and exhibits, assist bankruptcy court preparations, assist refinement of the Debtors' business plan and liquidity management; (b) assist in development of a 13-week cash flow forecast, provide operational preparedness activities (vendor management, accounting cut-off and payment controls), weekly project management support, monthly operating reports, identify accounting system capabilities, develop and monitor claims database, assist bankruptcy emergence activities; (c) post-chapter 11 cost reduction initiatives including organizing a cost reduction implementation team, issuing data requests, validating savings potential, identifying risks, defining implementation steps, seeking internal approval; (d) strategic communications and change management activities including media engagement, message refinement, stakeholder mailings, change management plan, contract analytics and review (leveraging advanced technologies), accounting guidance (ASC 852, claims reconciliation, SEC reporting) and other agreed services; and (e) comprehensive fleet and engine review and aircraft lease restructuring advisory services including updates to fleet and maintenance data, lease summaries, forecasting models, fleet restructuring strategies, negotiation of lease amendments/returns, labor negotiations and retention programs, and stakeholder reporting. The firm's standard hourly rates are: -- senior managing directors in corporate finance: $1,270 to $1,580; -- directors/senior directors/managing directors: $940 to $1,195; -- consultants/senior consultants: $435 to $850; -- administrative/paraprofessionals: $190 to $395; -- senior managing directors in strategic communications: $1,230; -- directors etc.: $705 to $1,005; -- consultants/senior consultants: $435 to $590; -- administrative/paraprofessionals: $165; -- technology managing directors/senior: $550 to $910; -- directors/senior directors: $390 to $750; -- consultants/senior: $225 to $370; -- contract reviewers/managers: $95 to $250; -- contract review task billing: $265; -- contract review technology fee: $4 per document. According to court filings, FTI is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, with no connection to the Debtors, their creditors, or other parties in interest (except as disclosed). The firm can be reached at: Daniel P. Wikel FTI CONSULTING, INC. 1166 Avenue of the Americas, 15th Floor New York, NY 10036 Telephone: (212) 841-9330 Facsimile: (212) 841-9331 About Spirit Aviation Holdings, Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. Spirit Aviation Holdings, Inc. and its affiliates filed their voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11897) on August 29, 2025. Judge Sean H. Lane oversees the case. Marshall Scott Huebner, Esq. at Davis Polk & Wardwell LLP represents the Debtors as counsel. SPIRIT AVIATION: Taps Ernst & Young for Audit and Tax Services -------------------------------------------------------------- Spirit Aviation Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Ernst & Young LLP as its audit and tax services provider in its Chapter 11 case. EY LLP will provide these services: (a) audit the Debtors' financial statements and internal control over financial reporting; (b) provide tax advisory and tax compliance services; and (c) perform related audit and tax services as requested by the Debtors and agreed to by EY LLP. EY LLP estimates that its fees for the 2025 audit services will be $1,932,000 plus expenses, with $1,000,000 already paid. The firm may submit additional invoices based on changes to the business or additional unplanned effort. Hourly rates for audit services range from $1,150 per hour for Partners/Principals to $275 per hour for Staff. For tax services, hourly rates range from $970 to $1,200 for Partners/Principals and $250 to $350 for Staff, depending on local or national rate levels. EY LLP received a $600,000 retainer from the Debtors and payments totaling $3,268,171 during the 90 days prior to the petition date. EY LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Ernst & Young LLP 5 Times Square New York, NY 10036 Telephone: (212) 773-3000 Website: www.ey.com About Spirit Aviation Holdings, Inc. Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. Spirit Aviation Holdings, Inc. and its affiliates filed their voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11897) on August 29, 2025. Judge Sean H. Lane oversees the case. Marshall Scott Huebner, Esq. at Davis Polk & Wardwell LLP represents the Debtors as counsel. SUITECCENTRIC LLC: Gets Final OK to Use Cash Collateral ------------------------------------------------------- SuiteCentric, LLC received final approval from the U.S. Bankruptcy Court for the Western District of Washington to use cash collateral to fund operations. The final order authorized the Debtor to use cash collateral to cover post-petition operating expenses according to its budget, which projects total operational expenses of $134,005 for October and $119,955.00 for November. As adequate protection for the Debtor's use of their cash collateral, secured creditors JPMorgan Chase, N.A. and the U.S. Small Business Administration will be granted replacement liens on post-petition cash, accounts receivable and inventory, and the proceeds thereof. The replacement liens will have the same validity, priority and extent as the secured creditors' pre-bankruptcy liens. The Debtor was also authorized to make monthly payments of $500 to a trust account for administrative fees pending further court orders. The Debtor's authority to use cash collateral continues until November 30 or earlier if certain conditions occur, including dismissal, conversion, or appointment of a trustee. As of the petition date, the Debtor had $585 in its deposit accounts and $346,655 in accounts receivable, totaling $347,239 in available cash collateral. The Debtor identifies JPMorgan and the SBA as the primary secured creditors with claims on this collateral. JPMorgan and the SBA hold first-priority and second-priority rights, respectively. The total amount of the secured claims is $350,421. Meanwhile, two other creditors, LoanBuilder/PayPal and United First, LLC, hold lower-priority liens but no direct interest in the cash collateral. About SuiteCentric LLC SuiteCentric LLC is an Oracle NetSuite Solution Provider and member of NetSuite's Commerce Agency Program, delivers Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), SuiteCommerce Advanced, and related business module solutions. The Company provides implementation, support, customization, and development services, specializing in SuiteCommerce Advanced and ERP, and offers the SuiteAscent + SuiteSuccess bundle for small businesses. SuiteCentric serves clients across wholesale and distribution, retail and e-commerce, construction, health and beauty, manufacturing, software, apparel, food and beverage, and other industries. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12449) on September 3, 2025. In the petition signed by Adam Baruh, managing member, the Debtor disclosed $354,739 in assets and $1,455,558 in liabilities. Judge Timothy W. Dore oversees the case. Thomas D. Neeleman, Esq., at Neeleman Law Group, P.C., represents the Debtor as bankruptcy counsel. TACTICAL TOWING: Hires J.D. Graham P.C. as Bankruptcy Counsel ------------------------------------------------------------- Tactical Towing & Recovery, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Illinois to hire J.D. Graham P.C. to serve as bankruptcy counsel in its Chapter 11 case. J.D. Graham P.C. will provide these services: (a) advise the Debtor with respect to its rights, powers, and duties in this Chapter 11 case; (b) assist and advise the Debtor in its consultations with any appointed committee related to the administration of this case; (c) assist the Debtor in analyzing the claims of creditors and negotiating with such creditors; (d) assist the Debtor with investigation of assets, liabilities, and financial condition and reorganizing its business to maximize value for creditors; (e) advise the Debtor in connection with the sale of assets or business; (f) assist and advise the Debtor regarding communications with the creditor body; (g) commence and prosecute necessary and appropriate actions or proceedings on behalf of the Debtor; (h) review, analyze, and prepare all necessary applications, motions, orders, reports, schedules, pleadings, and other documents; (i) represent the Debtor at hearings and other proceedings; (j) confer with other professional advisors retained by the Debtor; (k) perform all other necessary legal services requested by the Debtor; and (l) assist and advise the Debtor regarding pending arbitration and litigation matters. The firm will be compensated on an hourly basis, subject to court approval, at rates of $325 per hour for partners, $225 per hour for associates, and $175 per hour for paralegals/law clerks, plus reimbursement of actual and necessary expenses. The firm received a $15,000 retainer, from which $1,738 was applied to the filing fee and $6,747.50 to pre-petition services, leaving a balance of $6,514.50. J.D. Graham P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and represents no interest adverse to the estate, according to court filings. The firm can be reached at: J.D. Graham, Esq. J.D. GRAHAM, P.C. #1 Eagle Center, Suite 3A O'Fallon, IL 62269 Telephone: (618) 235-9800 Facsimile: (618) 235-9805 E-mail: jd@jdgrahamlaw.com About Tactical Towing & Recovery, Inc. Tactical Towing & Recovery, Inc., a corporation based in Illinois, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 3:25-bk-30751) on September 30, 2025. At the time of filing, the Debtor estimated having assets between $100,001 and $500,000 and liabilities between $500,001 and $1 million, with 1 to 49 creditors. The Debtor's federal tax identification number is 81-4738605. Judge Mary E. Lopinot oversees the case. J.D. Graham P.C. serves as the Debtor's legal counsel. TELESAT LLC: Nuveen Floating Marks $1.9MM Loan at 36% Off --------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $1,952,000 loan extended to Telesat LLC to market at $1,245,796 or 64% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Loan to Telesat LLC. The loan's interest rate and maturity are to be determined. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Telesat LLC Telesat LLC operates as a satellite operator. The Company offers satellite delivered communications solutions to broadcast, telecom, corporate, and government. THUNDER SUN: Seeks Chapter 11 Bankruptcy in Texas ------------------------------------------------- On October 7, 2025, Thunder Sun Inc. filed Chapter 11 protection in the Northern District of Texas. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 100 and 199 creditors. The petition states funds will be available to unsecured creditors. About Thunder Sun Inc. Thunder Sun Inc., dba Thunder Sun Homes, is a residential real estate investment and property management firm based in Lubbock, Texas. Thunder Sun Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-50280) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by Max R. Tarbox, Esq. of Tarbox Law, P.C. TONIX PHARMACEUTICALS: Names Ganesh Kamath as Head of Market Access ------------------------------------------------------------------- Tonix Pharmaceuticals Holding Corp. announced the appointment of Ganesh Kamath as Head of Market Access. "Ganesh brings deep expertise in market access and a history of delivering results at leading global organizations, including Bayer HealthCare, Hutchmed International, and CuriaGlobal," said Thomas Englese, EVP Commercial of Tonix Pharmaceuticals. "As we prepare for the commercial launch of Tonmya(TM) and continue advancing our pipeline, his leadership in pricing, contracting, and payer engagement will help ensure patients have timely access to our therapies while driving operational momentum across the business." Most recently, Mr. Kamath served as Vice President of FP&A, Business Development, and Sales Operations at CuriaGlobal, where he led strategic initiatives to strengthen business development and operational performance. Prior to that, he was Senior Vice President and Chief Financial Officer at Hutchmed International, where he established pricing governance frameworks and advanced market access strategies. Earlier in his career, he held senior leadership roles at Bayer HealthCare within Finance and Market Access, overseeing strategic pricing, contracting, reimbursement and gross to net management across a portfolio of more than 25 brands. Mr. Kamath is a Chartered Accountant and holds a Bachelor of Science from the University of Calicut. "Joining Tonix at this pivotal time presents an opportunity to help unlock the commercial value of Tonmya as we prepare to bring it to market for patients with fibromyalgia," said Ganesh Kamath. "I look forward to working with Tonix's leadership team to drive operational execution, and position the company for long-term growth across the portfolio." About Tonix Pharmaceuticals Chatham, N.J.-based Tonix Pharmaceuticals Holding Corp., through its wholly owned subsidiary Tonix Pharmaceuticals, Inc., is a fully integrated biopharmaceutical company focused on developing and commercializing therapeutics to treat and prevent human disease and alleviate suffering. As of June 30, 2025, the Company had $187.36 million in total assets, $19.36 million in total liabilities, and $168 million in total stockholders' equity. Iselin, N.J.-based EisnerAmper LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 18, 2025, citing that the Company has continuing losses and negative cash flows from operating activities that raise substantial doubt about its ability to continue as a going concern. TR WELDING: Unsecured Creditors Will Get 3% of Claims in Plan ------------------------------------------------------------- TR Welding Inc., filed with the U.S. Bankruptcy Court for the District of Idaho a First Amended Subchapter V Plan of Reorganization dated September 30, 2025. The Debtor is a corporation formed under the laws of Idaho. Debtor's principal executive office is located at 701 S Oneida St. Rupert Idaho 83350. The Debtor is a welding and fabrication shop. It has a current state of Idaho business License along with a Public Works License. It performs welding services on stainless steel, aluminum, mild steel and galvanized steel. It also provides custom fabrication, plasma cutting, CAD drafting and design, building systems/construction, machine shop services, in house and portable welding. The reasons for Debtor's financial issues are mainly from a project started with Starr Corp. in April of 2021, for a grain processing facility in Jerome. Debtor was never paid fully for the work that was completed under the original contract. It dedicated the majority of its work force on that job for approximately 1 year. In addition, Debtor was never paid for most of the change orders that were completed. Not getting paid for the work that was completed caused Debtor to fall behind on payments to Vendors and the IRS. The Debtor estimates its loss on this project to be $350,000.00. In addition to those losses, Debtor paid $96,103.60 in attorney fees, and still owes $49,614.20, for fees trying to recuperate the money owed by Starr Corp. Class U-1 consists of General Unsecured Claims. Unsecured creditors will share in a total of $18,000.00 that will be paid in months 25-60 following confirmation. This will pay approximately 3% to general unsecured Creditors. Todd Robinson shall retain his ownership interest in the business. The Debtor shall make payments from future income of the Debtor. The Debtor anticipates all distributions to creditors will be made by the Debtor, with no distributions by the subchapter V Trustee. The Debtor anticipates the compensation for the subchapter V Trustee will be on an hourly basis for his work monitoring this case plus additional compensation on an hourly basis for performing other statutory duties related to this case; and that Plan Payments will be made from the Debtor to the Trustee through Electronic Funds Transfers (EFTs) or other medium of efficient monetary transactions from the Debtor to the Trustee, as agreed and arranged between them. A full-text copy of the First Amended Plan dated September 30, 2025 is available at https://urlcurt.com/u?l=lT34DM from PacerMonitor.com at no charge. Counsel to the Debtor: Patrick J. Geile, Esq. FOLEY FREEMAN, PLLC 953 S. Industry Way Meridian, ID 83680 Tel: (208) 888-9111 Fax: (208) 888-5130 E-mail: pgeile@foleyfreeman.com About TR Welding, Inc. TR Welding, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Case No. 25-40224-NGH) on April 11, 2025. In the petition signed by Todd Robinson, owner, the Debtor disclosed up to $1 million in both assets and liabilities. Judge Noah G. Hillen oversees the case. Patrick J. Geile, Esq., at Foley Freeman, PLLC, represents the Debtor as legal counsel. D.L. Evans Bank, as secured creditor, is represented by: Holly Roark, Esq. Roark Law Offices 950 W. Bannock St. Ste. 1100 Boise, ID 83702 Phone: (208) 536-3638 Fax: (310) 553-2601 holly@roarklawboise.com TRACK BARN: Unsecured Creditors to Split $90K over 5 Years ---------------------------------------------------------- Track Barn, LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Plan of Reorganization dated September 30, 2025. The Debtor operates a custom sporting apparel business out of Waxahachie, Texas. Most of the Debtor's customers are school districts throughout Texas. This bankruptcy case filing was precipitated by the cash flow challenges that manifested from the Debtor entering into certain Merchant Cash Advance transactions. 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 the Reorganized Debtor from an unsecured creditor pool, which pool shall be funded at the rate of $1,500.00 per month ($90,000.00 over the life of the Plan). Payments from the unsecured creditor pool shall be paid quarterly, for a period not to exceed 5 years (20 quarterly payments) and the first quarterly payment will be due on the 20th 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 approximately $220,000.00 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 Plan of Reorganization dated September 30, 2025 is available at https://urlcurt.com/u?l=CoeRL3 from PacerMonitor.com at no charge. About Track Barn LLC Track Barn, LLC is a company likely specializing in track and field equipment retail. Track Barn sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-42441) on July 2, 2025. In its petition, the Debtor reported estimated assets between $50,000 and $100,000 and estimated liabilities between $100,000 and $500,000. Judge Mark X Mullin handles the case. The Debtor is represented by: Robert Thomas DeMarco Robert Demarco Tel: 972-991-5591 Email: robert@demarcomitchell.com TRANSOCEAN LTD: Commences Private $500M Senior Notes Offering ------------------------------------------------------------- Transocean Ltd. announced that Transocean International Limited, a Bermuda exempted company limited by shares and a wholly owned subsidiary the Company, commenced a private offering of $500 million aggregate principal amount of Senior Priority Guaranteed Notes due 2032 to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company's subsidiaries. The timing of pricing and terms of the Notes are subject to market conditions and other factors. Transocean intends to use the net proceeds from the Notes Offering, together with the release of certain restricted cash amounts relating to the 6.875% Senior Secured Notes due 2027, to: (i) refinance, repay or redeem (A) the remaining principal amount of outstanding 8.00% Senior Notes due February 2027 after the completion of the redemption of $415 million aggregate principal amount of such 2027 Notes pursuant to the Company's notice of redemption submitted on September 26, 2025, and (B) the principal amount of outstanding 6.875% Senior Secured Notes due 2027, and (ii) fund its offer to purchase for cash up to a combined aggregate purchase price of $50 million of outstanding 7.35% Senior Notes due December 2041, which have a step up coupon currently at 9.35%, and 7.00% Notes due June 2028, subject to the conditions set forth in the offer to purchase, dated September 30, 2025, issued in connection therewith. Pending application of the net proceeds from the Notes Offering, Transocean may temporarily invest net proceeds that are not immediately needed for such purposes in short-term investments, including marketable securities. The Tender Offer is being made only by and pursuant to the terms of the Offer to Purchase and this press release does not constitute an offer to purchase any Tender Notes. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act and no application has or will be made to admit the Notes to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. The press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the Notes in the United States, shall not constitute an offer, solicitation, or sale of any securities in any jurisdiction where such offering or sale would be unlawful and does not constitute a prospectus pursuant to the FinSA. There shall not be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. About Transocean Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services. As of Feb. 14, 2024, the Company owned or had partial ownership interests in and operated 37 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and nine harsh environment floaters. Additionally, as of Feb. 14, 2024, the Company was constructing one ultra-deepwater drillship. Transocean reported a net loss of $512 million in 2024, a net loss of $954 million in 2023, a net loss of $621 million in 2022, and a net loss of $591 million in 2021. As of June 30, 2025, the Company had $17.8 billion in total assets, $6.9 billion in total long-term liabilities, and $9.4 billion in total equity. * * * Egan-Jones Ratings Company on January 21, 2025, maintained its 'CCC-' foreign currency and local currency senior unsecured ratings on debt issued by Transocean Ltd. In October 2025, S&P Global Ratings revised its outlook on offshore drilling contractor Transocean Ltd. to stable from negative and affirmed all its ratings on the company, including the 'CCC+' issuer credit rating. TRANSOCEAN LTD: Frederik Mohn, 2 Others Hold 10.1% Stake -------------------------------------------------------- Frederik W. Mohn, Perestroika AS, and Perestroika (Cyprus) Ltd, disclosed in a Schedule 13D (Amendment No. 8) filed with the U.S. Securities and Exchange Commission that as of September 30, 2025, they beneficially own 95,418,301 shares, 95,074,894 shares, and 95,074,894 shares, respectively, of Transocean Ltd.'s Shares, $0.10 par value, including shares held directly, shares issuable upon vesting of restricted share units, and shares held by affiliated entities, representing approximately 10.1% of the 943,124,986 Shares outstanding as of July 29, 2025. Frederik W. Mohn may be reached through: c/o Daniel Ro-Trock Turmstrasse 30, Steinhausen, V8, CH-6312 Tel: +41 41 749 0500 A full-text copy of SEC report is available at: https://tinyurl.com/2knr65nh About Transocean Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services. As of Feb. 14, 2024, the Company owned or had partial ownership interests in and operated 37 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and nine harsh environment floaters. Additionally, as of Feb. 14, 2024, the Company was constructing one ultra-deepwater drillship. Transocean reported a net loss of $512 million in 2024, a net loss of $954 million in 2023, a net loss of $621 million in 2022, and a net loss of $591 million in 2021. As of June 30, 2025, the Company had $17.8 billion in total assets, $6.9 billion in total long-term liabilities, and $9.4 billion in total equity. * * * Egan-Jones Ratings Company on January 21, 2025, maintained its 'CCC-' foreign currency and local currency senior unsecured ratings on debt issued by Transocean Ltd. In October 2025, S&P Global Ratings revised its outlook on offshore drilling contractor Transocean Ltd. to stable from negative and affirmed all its ratings on the company, including the 'CCC+' issuer credit rating. TURNONGREEN INC: Steven Caspi, SJC Lending Hold 6.2% Stake ---------------------------------------------------------- SJC Lending, LLC and Steven J. Caspi disclosed in a Schedule 13D filed with the U.S. Securities and Exchange Commission that as of September 23, 2025, they beneficially own 11,490,976 shares of TurnOnGreen, Inc.'s Common Stock, $0.001 par value, held by SJC Lending, LLC and deemed beneficially owned by Mr. Caspi as manager, representing approximately 6.2% of the 183,983,122 shares outstanding as of August 11, 2025. SJC Lending, LLC and Steven J. Caspi may be reached through: Kenneth Schlesinger, Esq. Olshan Frome Wolosky LLP 1325 Avenue of the Americas New York, N.Y. 10019 Tel: 212-451-2300 A full-text copy of SEC report is available at: https://tinyurl.com/7scu8j5t About TurnOnGreen Inc. TurnOnGreen, Inc. (formerly known as Imperalis Holding Corp.), a Nevada corporation, through its wholly owned subsidiaries Digital Power Corporation and TOG Technologies Inc., is engaged in thedesign, development, manufacture, and sale of highly engineered, feature-rich, high-grade power conversion and power system solutions for mission-critical applications and processes. New York, N.Y.-based Marcum LLP, the Company's auditor since 2021, 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 fiscal year ended December 31, 2024, citing that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $2.58 million in total assets, $9.5 million in total liabilities, and $31.92 million in total equity. UMAPM HOLDING: Unsecureds Will Get 14% of Claims over 5 Years ------------------------------------------------------------- UMAPM Holding Company, LLC, submitted a Modified Small Business Plan of Reorganization under Subchapter V dated September 30, 2025. The Plan proposes to pay Allowed Administrative Claims and Priority Tax Claims in accordance with Article III. Holders of Class 4 General Unsecured Claims will receive Pro Rata distributions, which the Debtor has valued as approximately 14 cents on the dollar. Holders of Interests shall retain their Interests in the Debtor. The Plan Term is five years commencing on the Effective Date. The Debtor will satisfy Allowed Claims under the Plan with Cash in its possession, custody, or control on the Effective Date, Cash derived from its ongoing business operations, and Cash derived from its Projected Disposable Income during the term of the Plan. Class 3 consists of General Unsecured Claims (i) that are Allowed in an amount equal to or less than $10,000.00 or (ii) in an amount greater than $10,000.00, but which the Holder thereof elects on its Ballot to be Allowed in an amount no greater than $10,000.00 and to be treated as a Convenience Claim. As of the date of this Plan, there are approximately 45 Convenience Claims, with aggregate Allowed claims in the amount of approximately $79,234.40. Each Holder of a Convenience Claim shall receive, in full and final satisfaction of such Claim, its Pro Rata share of Cash equal to $20,000.00 on the later of (i) ninety days after the Effective Date; or (ii) when such Claim, or any portion of such Claim, becomes due and payable under the parties’ contract or applicable law. Based on the estimates, this is a distribution of approximately 25%. Class 3 is impaired under the Plan and Holders of Convenience Claims shall be entitled to vote to accept or reject the Plan. Class 4 consists of Holders of General Unsecured Claims, including the Allowed General Unsecured Claims of Choice. On the Effective Date, each Holder of a General Unsecured Claim shall receive, in full and final satisfaction of such Claim, Cash in an amount equal to such Claim's Pro Rata share of Projected Disposable Income in the aggregate amount of $400,000.00, which should result in a recovery of approximately 14% of the Allowed amount of a Holder's General Unsecured Claim. Commencing on the Effective Date and concluding no later than the fifth anniversary of the Effective Date, the Debtor shall distribute the Cash to each Holder semi-annually; provided, however, that distributions owed on account of the claim of McChesney Holdings, Inc. will be paid directly to Choice pursuant to a binding subordination agreement. Notwithstanding the foregoing, a Holder may receive such other less favorable treatment as may be agreed upon by such Holder and the Debtor. If Class 4 votes to reject the Plan, Holders of Class 4 Allowed General Unsecured Claims shall receive the treatment set forth above and shall additionally be entitled to exercise the remedies set forth in Article VII.J. The Debtor submits that such treatment satisfies the requirements of section 1191(b). In lieu of receiving the treatment provided in Class 4, any Holder of a General Unsecured Claim may elect on its Ballot to have its Claim treated as a Convenience Claim in Class 3 in an amount up to $10,000.00. Class 4 is Impaired under the Plan. The Debtor shall use Cash on hand, working capital, and Cash from ongoing business operations to fund distributions to certain Holders of Allowed Claims, consistent with the terms of the Plan. Pursuant to section 1190(2) of the Bankruptcy Code, the Plan provides for the submission of all or such portion of the future earnings of the Debtor as is necessary for the execution of the Plan. A full-text copy of the Modified Plan dated September 30, 2025 is available at https://urlcurt.com/u?l=3CndVm from PacerMonitor.com at no charge. About UMAPM Holding Company UMAPM Holding Company, LLC, is a contract manufacturer of medical devices located in Zimmerman, Minnesota. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 24-43262) with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Katherine A Constantine oversees the case. The Debtor is represented by: Karl J. Johnson, Esq. Sapientia Law Group Tel: 612-756-7155 Email:karlj@sapientialaw.com - and - Alexander J. Beeby, Esq. Sapientia Law Group Tel: 612-756-7100 Email: alexb@sapientialaw.com USA CRICKET: Hires Billion Law as Bankruptcy Counsel ---------------------------------------------------- USA Cricket seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Billion Law to serve as general bankruptcy counsel in its Chapter 11 case. Billion Law will provide these services: (a) provide legal advice to the Debtor with respect to its powers, duties, and obligations as a debtor-in-possession under the Bankruptcy Code; (b) assist the Debtor in the preparation of its bankruptcy schedules and statement of financial affairs and other required filings; (c) represent the Debtor in all proceedings before the Court, including any contested matters or adversary proceedings that may arise during the case; (d) take all necessary actions to protect and preserve the assets of the Debtor's estate, including the prosecution of actions on behalf of the estate; (e) assist the Debtor in negotiating, formulating, and seeking confirmation of a Chapter 11 plan of reorganization and disclosure statement; and (f) perform all other legal services for the Debtor that may be necessary herein. Billion Law will be compensated at its customary hourly rates: $965 for Principal Mark Billion, $765 for Counsel Peter K. Schaeffer, and $365 for Paralegal Staff. The firm received a pre-petition security retainer of $50,000, held in its Delaware IOLTA account. Billion Law is a "disinterested person" within the meaning of Section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: BILLION LAW 20184 Coastal Hwy., Suite 205 Rehoboth Beach, DE 19971 Telephone: (302) 428-9400 About USA Cricket USA Cricket manages national team programs for men, women, and youth, administers domestic competitions, and works to grow cricket's presence across the U.S. through coaching, facilities development, and community engagement. The organization also represents the United States in ICC events and works closely with regional cricket leagues and associations. USA Cricket sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-16381) on October 1, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $500,001 and $1 million. The Debtor is represented by Yanni Kakouris, Esq. VDR MULTIFAMILY: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: VDR Multifamily LLC Villa Del Rey Apartments 8117 Barclay St. Dallas, TX 75227 Business Description: VDR Multifamily LLC, doing business as Villa del Rey Apartments, operates a residential apartment community in Dallas, Texas, offering modern rental units with amenities including a swimming pool, fitness center, and landscaped grounds. The Company provides property management, on-site operations, and diverse portfolio management services. It serves the local multifamily housing market, emphasizing convenience to nearby highways, shopping, dining, and entertainment. Chapter 11 Petition Date: October 5, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-33888 Judge: Hon. Scott W Everett Debtor's Counsel: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC 500 N. Central Expressway Suite 500 Plano, TX 75074 Tel: (972) 991-5591 Email: robert@demarcomitchell.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jose Delmendo Jr. as president. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JPXRXCQ/VDR_Multifamily_LLC__txnbke-25-33888__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Premier Mechanical DFW, LLC Vendor $23,988 2931 N. Stemmons Freeway Dallas, TX 75247 2. CXC Talent Solutions Vendor $18,296 15400 Knoll Trail Dr Ste 591 Dallas, TX 75248 3. ASAP Personnel Vendor $18,082 PO Box 4210 Portsmouth, NH 03802-4210 4. Need It Now Plumbing Services $16,822 522 Renee Lane Desoto, TX 75115 5. J National Vendor $15,130 2445 Midway Road Ste. 200A Carrollton, TX 75006 6. OMB Complete Lawn Service, Inc. Vendor $14,072 PO Box 211151 Dallas, TX 75211 7. Apartments.com Vendor $9,615 3438 Peachtree Road NE, Suite 1500 Atlanta, GA 30326 8. Realpage, Inc Vendor $9,539 2201 Lakeside Blvd Richardson, TX 75082 9. Falcon Rappaport & Berkman LLP Vendor $9,069 265 Sunrise Hwy. Ste. 50 Rockville Centre, NY 11570 10. Chemsearch FE Vendor $7,546 2727 Chemsearch Blvd Irving, TX 75062 11. Asset Plus USA LLC Vendor $6,999 950 Corbindale Road, Suite 300, 77024 12. P.E. Pennington & Co., Inc. Vendor $4,310 c/o Mark H. How 1808 S. Goodlatimer Expwy Ste. 216 Dallas, TX 75226 13. JD Renovation & Maintenance Vendor $3,595 Service LLC 1889 Helen Lane Lewisville, TX 75067 14. Possession Partner Vendor $3,193 4620 Woodland Corporate Blvd Tampa, FL 33614 15. Dixie Interiors Vendor $2,905 3100 Roy Orr Blvd, #160 Grand Prairie, TX 75050 16. Foresight Asset Management LLC Vendor $2,793 7334 Blanco Rd Suite 100 San Antonio, TX 78216 17. Nationwide Compliant LLC Vendor $2,377 2035 Lakeside Way, Suite 250 Knoxville, TN 37931 18. Trigild IVL LLC Vendor $2,300 P.O. Box 8080 Carlsbad, CA 92018-8080 19. Advantage Water Engineering LLC Vendor $1,989 9113 Sovereign Row Dallas, TX 75247 20. Texas Plumber Pros Inc Vendor $1,636 3522 Dividend Dr Garland, TX 75042 VIVIC CORP: Swings to $3.45 Million Net Loss for Fiscal 2025 ------------------------------------------------------------ Vivic Corp. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended June 30, 2025, reporting net loss of $3.45 million for the year ended June 30, 2025, compared to a net income of $2.85 million for the year ended June 30, 2024. Revenue was $44,515 for the year ended June 30, 2025. Total revenue from continuing operations was $5,950,692 for the year ended June 30, 2024. Irvine, California-based YCM CPA INC., the Company's auditor since 2022, issued a "going concern" qualification in its report dated September 30, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company had an accumulated deficit of $5.75 million as of June 30, 2025, and negative cash flows from operations. The Company does not have sustained and stable income, and there is also significant uncertainty in the income for the next 12 months. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company does not have sustained and stable income, and there is also significant uncertainty in regarding its income for the next 12 months. The continuation of the Company as a going concern through the one-year anniversary of the date of this filing is dependent upon continued financial support from its related parties and loans or investments from third parties. The Company is actively pursuing additional financing for its operations through loans and the sale of equity. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain its operations. Management has determined that these conditions indicate that it may be probable that the Company would not be able to meet its obligations within one year after the date of issuance of this report. A full-text copy of the Company's Form 10-K is available at: https://tinyurl.com/jc58724c About Vivic Vivic Corp. was established under the corporate laws of the State of Nevada on February 16, 2017. Beginning with a change in management resulting from a change in control of the Company at the end of 2018, the Company has explored and initiated operations in various business areas related to the pleasure boat industry. These included yacht sales, marine tourism, development of electric-powered yachts, development and operation of yacht marinas in Asia, and development of a yacht rental and timeshare service. The Company's headquarters are maintained at its branch in the Republic of China, Vivic Corp. It is mainly engaged in yacht procurement, sales, and leasing services in Taiwan and other countries. As of June 30, 2025, the Company had $3.86 million in total assets, $2.05 million in total liabilities, and $1.81 million in total stockholders' equity. VNS HOTELS: Seeks Cash Collateral Access ---------------------------------------- VNS Hotels, Inc., a California corporation, asks the U.S. Bankruptcy Court for the Northern District of Califoria, San Francisco Division, for authority to use cash collateral. The Debtor needs to use cash collateral to cover the expenses necessary to operate its 41-room hotel in Hayward, California; facilitate its reorganization efforts; and repay its secured lender, Ennerdale Hayward, LLC. It operates the hotel under an agreement with a separate company, 24400 Mission, LLC. Ennerdale holds a secured claim of approximately $5.38 million, backed not only by the hotel but also by three additional properties owned by Pradeep Khatri, the Debtor's principal. The combined fair market value of the collateral is about $14.2 million, resulting in a substantial equity cushion of over $6.2 million. The Debtor believes that Ennerdale is already sufficiently protected through the equity cushion but still proposes to grant the secured lender a replacement lien on its assets and cash collateral, to the same extent and priority as before the bankruptcy filing, without making monthly payments. The Debtor defaulted on its obligations to Ennerdale around May 31, prompting the lender to initiated foreclosure proceedings in July on all the secured properties. Ennerdale also sought a court-appointed receiver in a related state court action. To prevent the foreclosure and receivership, the Debtor filed for Chapter 11 bankruptcy protection. Ennerdale Hayward is represented by: Robert P. Goe, Esq. Goe Forsythe & Hodges, LLP 17701 Cowan, Suite 210, Lobby D Irvine, CA 92614 Phone: 949.798.2460 Fax: 949.955.9437 rgoe@goeforlaw.com About VNS Hotel Inc. VNS Hotel Inc. manages hotel facilities that offer accommodations, lodging, and amenities for travelers. VNS Hotel sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-30782) on September 26, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Dennis Montali handles the case. The Debtor is represented by Ryan C. Wood, Esq., at the Law Offices of Ryan C. Wood, Inc. WC PARADISE: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: WC Paradise Cove Marina, LP 814 Lavaca Street Austin TX 78701 Business Description: WC Paradise Cove Marina, LP, a single-asset real estate debtor under U.S. bankruptcy law, leases property at 17141 Rocky Ridge Road in Austin, Texas. Chapter 11 Petition Date: October 7, 2025 Court: United States Bankruptcy Court Western District of Texas Case No.: 25-11563 Judge: Hon. Christopher G Bradley Debtor's Counsel: Ron Satija, Esq. HAYWARD PLLC 7600 Bee Caves Rd Ste 530 Austin TX 78757 Tel: 737-881-7102 Email: rsatija@haywardfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Natin Paul as authorized signatory. 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/GUE6FGI/WC_Paradise_Cove_Marina_LP__txwbke-25-11563__0001.0.pdf?mcid=tGE4TAMA WEST CORP: Nuveen Credit Marks $1.9MM 2L Loan at 46% Off -------------------------------------------------------- Nuveen Credit Strategies Income Fund (JQC) has marked its $1,908,801 loan extended to West Corporation to market at $1,033,740 or 54% of the outstanding amount, according to Nuveen Credit's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JQC is a participant in a 2nd Lien Term Loan to West Corporation. The loan accrues interest at a rate of 8.558% per annum. The loan matures on April 12, 2027. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Credit Strategies Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About West Corporation West Corporation, founded in 1986, is a technology and communications company that provides outsourced communication and business solutions, including customer care, conferencing, and emergency communications. WEST CORP: Nuveen Floating Marks $8.7MM Loan at 15% Off ------------------------------------------------------- Nuveen Floating Rate Income Fund (JFR) has marked its $8,706,538 loan extended to Michaels Companies, Inc. to market at $7,424,674 or 85% of the outstanding amount, according to Nuveen Floating's Form N-CSR for the fiscal year ending July 31, 2025, filed with the U.S. Securities and Exchange Commission. JFR is a participant in a Term Loan B3 to Michaels Companies, Inc. The loan accrues interest at a rate of 8.807% per annum. The loan matures on April 17, 2028. Nuveen Floating Rate Income Fund (JFR), Nuveen Credit Strategies Income Fund (JQC), Nuveen Preferred & Income Opportunities Fund (JPC), Nuveen Preferred Securities & Income Opportunities Fund (JPI), and Nuveen Variable Rate Preferred & Income Fund (NPFD) feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen Fund Advisors, LLC, the Funds' investment adviser. Each Fund's distribution policy, which may be changed by the Board, is to make regular monthly cash distributions to holders of its common shares. Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distribution and to distribute realized capital gains at least annually. The Fund is led by David J. Lamb as Chief Administrative Officer, and Marc Cardella Vice President and Controller. The Fund can be reach through: David J. Lamb Nuveen Floating Rate Income Fund 333 West Wacker Drive Chicago, IL 60606 Telephone: (800) 257‑8787 About Michaels Companies, Inc. Michaels Companies, Inc. is a privately held American retail company and North America's largest specialty arts and crafts retailer, headquartered in Irving, Texas. WHITE-WILSON MEDICAL: Files for Chapter 11 to Restructure Debt -------------------------------------------------------------- White-Wilson Medical Center, P.A., a multi-specialty physician group serving Florida's Emerald Coast for more than 79 years, announced on October 6, 2025, that it has voluntarily filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Florida. The case has been assigned to the Honorable Karen K. Specie, Chief Judge of the Bankruptcy Court for the Northern District of Florida. The case number is 25-40486. The Company will continue operating its medical practices and patient services without interruption throughout the strategic restructuring process. White-Wilson has filed customary motions with the Court seeking authorization to pay wages, honor employee benefits, and continue its patient care programs as usual. The Company has also filed an emergency motion for use of cash collateral to support operations during the restructuring. "White-Wilson has been proud to serve this community for nearly eight decades," said Dr. Kenneth Persaud, Chief Executive Officer. "We are taking this step to address financial obligations, reduce debt and strengthen our foundation so we can continue providing high-quality care for generations to come." "We believe this plan of reorganization is in the best interests of our patients, physicians, other clinicians, employees, and partners, as well as our community members. This will ultimately result in a more promising future," said Dr. John C. Dali, President of White-Wilson Association, PA. "Our primary goal remains to keep our patients healthy and to heal them quickly, as it has always been able to do for the past 79 years." Background and Objectives White-Wilson operates leased offices across Fort Walton Beach, Crestview, DeFuniak Springs, Destin, Niceville, and Navarre, employing more than 300 individuals and offering more than 15 medical specialties. The Chapter 11 filing will allow White- Wilson to: -- Restructure its debt obligations, including secured and unsecured claims; -- Maximize the value of the medical practice for the benefit of creditors and stakeholders -- Preserve jobs and maintain ongoing patient services; and -- Position the organization for long-term success as a trusted health care provider. White-Wilson intends to propose a Chapter 11 Plan of Reorganization that will provide for distributions to creditors and enable the practice to emerge from bankruptcy as a stronger organization. Legal Representation White-Wilson is being represented in the Chapter 11 proceedings by Johnson Pope Bokor Ruppel & Burns, LLP, ("Johnson Pope") with firm partners Alberto "Al" F. Gomez, Jr. and Michael Markham serving as lead counsel for the Debtor. Partner, Michael Magidson, will lead the Healthcare law representation of the Debtor. Johnson Pope is a full-service law firm and will provide legal services to the Debtor as needed. About White Wilson Medical Center Founded more than 79 years ago, White-Wilson Medical Center, P.A. is the Emerald Coast's largest multi-specialty physician group, dedicated to delivering collaborative, patient-centered care. With locations throughout Okaloosa, Walton, and Santa Rosa counties, White-Wilson offers a wide range of services supported by advanced technology, experienced providers, and caring staff. WILDEC LLC: Seeks Chapter 11 Bankruptcy in Washington ----------------------------------------------------- On October 2, 2025, Wildec LLC filed Chapter 11 protection in the Eastern District of Washington. According to court filing, the Debtor reports between $10 million and $50million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Wildec LLC Wildec LLC is a limited liability company. Wildec LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 25-01749) on October 2, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. The Debtor is represented by Lesley D. Bohleber, Esq. of Bush Kornfeld LLP. WOLFE-BLURTON: Committee Hires Cunningham as Appraiser ------------------------------------------------------ The Official Committee of Unsecured Creditors of Wolfe-Blurton Funeral Home Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of Illinois to hire Brad Cunningham of Cunningham, Inc. to serve as appraiser in its Chapter 11 case. The firm will provide these services: (a) review the value of the real estate properties located at 309 East Washington Street, Hoopeston, IL 60942 and 907 West Main Street, Hoopeston, IL 60942; (b) prepare an appraisal of the Washington Property; and (c) provide comparable sales for the Main Property. Mr. Cunningham shall receive a flat rate of $1,500. Cunningham, Inc. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Brad Cunningham CUNNINGHAM, INC. 422 Bayside Drive Danville, IL 61832 Telephone: (217) 442-0010 About Wolfe-Blurton Funeral Home Inc. Wolfe-Blurton Funeral Home Inc., operating as Blurton Funeral Homes, is a Potomac, Illinois-based funeral home business provides funeral services, burial arrangements, and cremation services to families in Vermilion County and surrounding areas. Wolfe-Blurton Funeral Home Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Ill. Case No. 25-90427) on July 29, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $500,000 and $1 million. The Debtor is represented Jeana K. Reinbold, Esq. at Sgro, Hanrahan, Durr, Rabin & Reinbold, LLP. WORKSPORT LTD: B2B Revenue Grows at 25% Monthly Geometric Rate -------------------------------------------------------------- Worksport Ltd. issued an update on its business-to-business (B2B) expansion, announcing record dealer adoption and rapid compounding revenue growth. The Company also provides a key update on its R&D pipeline. As of September 2025, Worksport is seeing regular, repeat, frequent volume orders from 266 of its 600+ national dealer partners, up from 187 in June - a 42% increase in one quarter. Since the start of 2025, Worksport's B2B revenue has grown at a 25% geometric average rate per month, with August breaking revenue records as the highest B2B sales in Company history. Building on Record Growth and Expanding Margins: Earlier this year, Worksport reported four straight months of record topline sales and consistent margin expansion as U.S.-based production scaled. Gross margins climbed from 11% in Q4 2024 to 18% in Q1 2025, 26% in Q2, and a record 31% in July. These gains highlight the effectiveness of Worksport's strategic shift toward higher-margin branded products. "These results demonstrate that Worksport is scaling the right way. Revenue is compounding, margins are expanding, and dealer adoption is accelerating," said Steven Rossi, CEO of Worksport. "We're building a powerful growth engine in B2B that will be a cornerstone of Worksport's long-term profitability." Product Pipeline to Accelerate B2B Momentum: The upcoming HD3 Tonneau Cover, a pro-grade evolution of the Company's pioneer AL3 cover, is expected to expand Worksport's footprint in commercial and dealer markets. Beyond the HD3, Worksport's engineering team is developing yet another new tonneau cover model with innovative features unmatched by any competitors, aimed at unlocking even deeper market penetration. More information about this additional model will be released in the near future, with an expected market launch in Spring 2026. Worksport's incredible research and development team in Ozark, Missouri is currently in late-stage development and validation of this new model. Next steps include IP protection, tooling, sourcing, and pre-production preparations. Clean-Tech Launches Remain on Track: The Company also reaffirmed the upcoming launch of its flagship SOLIS Solar Tonneau Cover and COR Portable Energy System in late Q4 2025. Together, these products represent Worksport's entry into multi-billion-dollar clean energy and EV support markets, forming a portable nano-grid system capable of powering campsites, worksites, and emergency services. "With our dealer network expanding, B2B sales compounding monthly, and transformational clean-tech products nearing launch, Worksport is entering its strongest growth phase yet," Rossi added. "We believe this momentum will position Worksport as one of the most exciting emerging growth stories on NASDAQ." About Worksport Ltd. West Seneca, N.Y.-based Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns intellectual property on a portfolio of tonneau cover, solar integration, portable power station, and NP (Non-Parasitic), Hydrogen-based green energy products and solutions for the automotive aftermarket accessories, power storage, residential heating, and electric vehicle-charging industries. Buffalo, N.Y.-based Lumsden & McCormick, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 27, 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 has an accumulated deficit, that raise substantial doubt about its ability to continue as a going concern. The Company recorded a net loss of $16,163,789 for the year ended December 31, 2024, and has an accumulated deficit of $64,476,966 as of December 31, 2024. As of Dec. 31, 2024, the Company had $25,736,660 in total assets, $8,323,029 in total liabilities, and a total stockholders' equity of $17,413,631. YIELD10 BIOSCIENCE: Seeks Court Confirmation for Chapter 11 Plan ---------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that agriculture company Yield10 Bioscience has asked a Delaware bankruptcy judge on Thursday, October 9, 2025, to confirm its Chapter 11 liquidation plan, saying the proposal sets out a clear framework for winding down operations and pursuing remaining assets. In a memorandum of law, the company explained that the plan would authorize a plan administrator to oversee the liquidation process and pursue various causes of action to maximize recoveries for creditors. Yield10 said the proposed structure ensures transparency and efficiency in distributing proceeds while maintaining accountability through court oversight. The company emphasized that confirming the plan would provide finality to the bankruptcy process and allow for an orderly conclusion of its remaining business affairs, the report states. About Yield10 Bioscience Yield10 Bioscience develops Camelina varieties for seed products, including feedstock oils, nutritional oils, and PHA bioplastics, as outlined on its website. Yield10 Biosciences and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-12752) on Dec. 6, 2024. In the petition filed by Oliver P. Peoples, authorized person, Yield10 Biosciences reports total assets of $8,218,085 and total debts of $5,771,189. Honorable Bankruptcy Judge Mary F. Walrath oversees the case. Frederick B. Rosner, Esq., at The Rosner Law Group LLC serves as the Debtors' counsel. ZENITH PROPERTY: Seeks Chapter 11 Bankruptcy in New York -------------------------------------------------------- On October 3, 2025, Zenith Property Mgmt Inc. voluntarily filed a Chapter 11 bankruptcy petition in the Eastern District of New York, case number 25-44820. The filing indicates that the company's debts fall between $100,001 and $1 million, with an estimated 1–49 creditors. About Zenith Property Mgmt Inc. Zenith Property Mgmt Inc. is a single asset real estate company. Zenith Property Mgmt Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44820) on October 3, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. [] Canadians Face "Heat or Eat" Choices as Debt Strain Deepens -------------------------------------------------------------- According to the latest MNP Consumer Debt Index data, Canadians' financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence. Faced with mounting financial pressure, many indebted Canadians are being forced into difficult "heat or eat" decisions -- choosing between necessities such as heating their homes and putting food on the table. Three in ten (29%, +5 pts YoY) Canadians say they have reduced their utility consumption, while a quarter (24%, -4 pts) report eating less to save money. These stark trade-offs reflect the deepening strain on household budgets, particularly as winter heating costs loom. The Index dropped two points to 86 this quarter -- its lowest September reading since 2023, underscoring how fragile Canadians' financial situations have become. "Some households are stretched so thin that even basic expenses feel overwhelming," says Grant Bazian, president of MNP LTD, the country's largest insolvency firm. "When people are cutting back on food, heat, or medical care, it's not just about budgeting anymore -- it's about day-to-day survival. That level of strain takes a huge emotional toll." Beyond heating and food, Canadians are cutting back in other ways. More than half (51%, unchanged YoY) say they are grocery shopping strategically by using meal plans, bulk buying, coupons, and price matching. More than two in five are avoiding impulse purchases (45%, -1 pt) and have stopped dining out or ordering takeout (41%, -3 pts). One in five (19%) are also delaying or skipping medical, dental, or prescription care, highlighting how financial strain is affecting households' well-being. Even with these sacrifices, financial cushions are shrinking. Nearly half (48%) of Canadians report they are within $200 of being unable to pay their bills each month, climbing six points since last quarter. At the same time, the average amount left over after monthly expenses has fallen to $744 from $916. Younger Canadians and middle-income earners ($60K to more than $100K) experienced the steepest declines, with those aged 18--34 left with only $651 (-$269) and middle-income earners averaging $727 (-$397). "Canadian households are now left with so little at the end of the month that even a small, unexpected expense can push them into relying on high-interest credit," says Bazian. "That's when debt can quickly spiral and become unmanageable. We're hearing from people who feel they've run out of options -- and letting things go too long only makes finding relief harder." Job insecurity and AI concerns add to financial strain A softening job market is eroding Canadians' confidence in their ability to cope with income disruption, with confidence in handling a job loss falling by four points this quarter. Against this backdrop, more than two in five (44%) worry that artificial intelligence (AI) could negatively affect their job or income. This concern is particularly pronounced among younger and lower-income Canadians. A majority of those aged 18--34 (56%) and nearly half of those 35--54 (49%) say they are worried about the impact of AI on their job or income, compared to just a third (34%) of those 55 and older. Canadians with household incomes under $40K (49%) are far more likely to be concerned than those earning $100K or more (36%). "It's concerning that so many Canadians see their jobs and income at risk from AI, especially when most already feel financially vulnerable and lack the safety nets to withstand a disruption," says Bazian. "For younger Canadians and those earning less, the anxiety is even greater -- many already have limited savings to fall back on, which means AI isn't just a future threat, it feels like a very real risk to their livelihoods today." Additionally, fewer than half (46%) of Canadians report having six months of emergency savings to withstand a disruption, highlighting just how exposed many households would be if their income were reduced or lost. Debt outlook darkens as Canadians run out of options Canadians' net personal debt rating fell three points this quarter to +18 points, the lowest September score since 2023. Only a third (37%, -2 pts) rate their debt situation as "excellent" while one in five (19%, +1 pt) describe it as "terrible." Although the Bank of Canada held interest rates at 2.75 percent during the survey period and cut to 2.5 percent shortly after, nearly two-thirds (63%, -1 pt) of Canadians said they desperately need rates to go down, and more than two in five (44%, -1 pt) said even if rates decline, they remain concerned about their ability to repay debt. Two in five (42%, +1 pt) worry that rising rates in the future could push them toward Bankruptcy. Significantly fewer this quarter (26%, -7 pts) expect their debt situation to improve in the next year, and just a third (36%, -4 pts) expect improvement over the next five years. "For Canadians who are already carrying significant debt, lower rates aren't enough to turn things around," explains Bazian. "The reality is that relief from interest rates can be temporary, but financial stress lingers if the underlying debt is still there. Seeking help from a Licensed Insolvency Trustee isn't a last resort -- it's a smart step that can help people regain control sooner and avoid long-term damage." The report findings suggest households have exhausted their options. Three in ten (30%, unchanged YoY) report having no plans to save more in the next 12 months, and only 15 percent (+1 pt) intend to create or revise a household budget. A further one in ten (10%, unchanged) say they are considering relocating to more affordable housing or even eating less (10%, +3 pts). Additionally, 12 percent (-1 pt) say they plan to reduce utility consumption over the next year -- a concerning sign as households head into the winter months, underscoring how entrenched these "heat or eat" trade-offs have become. "When everyday costs start forcing people to choose between keeping the heat on or putting food on the table, it's not just finances that suffer -- it's peace of mind," says Bazian. "Licensed Insolvency Trustees don't just solve debt -- they listen, help protect what you still have, and map out the options you maybe didn't even know exist. Even in overwhelming moments, there's a path forward." Licensed Insolvency Trustees provide free, confidential consultations and are the only federally regulated debt professionals authorized to administer Consumer Proposals and Bankruptcies. With more than 200 offices across the country, MNP LTD's team of Licensed Insolvency Trustees deliver local, personalized and non-judgmental guidance to help Canadians understand their options and take the first step toward lasting financial stability. About MNP LTD MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 240 offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit MNPdebt.ca to contact a Licensed Insolvency Trustee or use our free Do-it-Yourself (DIY) debt assessment tools. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3-Minute Debt Break Podcast. About the MNP Consumer Debt Index The MNP Consumer Debt Index measures Canadians' attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians. Now in its thirty-fourth wave, the Index has fallen by two points from last quarter to 86 points. Visit MNPdebt.ca/CDI to learn more. The data was compiled by Ipsos on behalf of MNP LTD between September 4 and September 9, 2025. For this survey, a sample of 2,001 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/-2.5 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to, coverage error and measurement error. [] Hilco Appoints New Execs to Lead GHA Turnaround Practice ----------------------------------------------------------- Hilco Global, a diversified global financial services company, announced the appointment of new leadership of Getzler Henrich & Associates, Hilco Global Professional Services division's dedicated turnaround and restructuring practice. Robert Gorin and David Campbell assume the role of Co-Executive Directors – Restructuring for Getzler Henrich & Associates, where they will lead the middle market advisory practice for corporate turnaround and restructuring. Gorin and Campbell succeed Co-Chairmen Bill Henrich and Joel Getzler, who will remain engaged in senior advisory roles and provide strategic counsel to ensure a seamless transition and business continuity. Bill Henrich and Joel Getzler, Senior Advisors of Getzler Henrich & Associates, said, "We are deeply proud of GHA's accomplishments over the past 55 years. Rob and David will continue our legacy of excellence, and their leadership, expertise, and commitment to our clients position GHA for ongoing success." The leadership announcement follows the completion of ORIX Corporation USA's acquisition of a majority equity interest in Hilco Global, and the reorganization of the advisory businesses into the Hilco Global Professional Services division, which will expand the firm's current suite of consultative practices, continuing to deliver asset valuation expertise and advisory solutions. David Kurtz, Vice Chairman of Hilco Global and CEO of Hilco Global Professional Services, said, "As we look to scale the Hilco Global Professional Services division significantly, the continued growth of Getzler Henrich & Associates is a key priority. We're confident that Robert and David are well-positioned to lead GHA into this next growth chapter." Mr. Gorin was most recently Senior Managing Director at Getzler Henrich & Associates. With more than 30 years of leadership experience in corporate turnarounds, operational improvement, and strategic growth, he has driven transformational initiatives across sectors such as consumer products, manufacturing, and apparel. Mr. Gorin, Co-Executive Director – Restructuring of Getzler Henrich & Associates, added, "I am honored to continue building on GHA's incredible legacy and to lead such a talented team as we help clients navigate their most complex challenges." Mr. Campbell brings over 20 years of expertise in corporate restructuring, capital markets, and leveraged finance, and most recently served as a Senior Managing Director at Getzler Henrich & Associates. He has led several successful restructurings, recapitalizations, and M&A transactions across the healthcare, automotive, metals, and technology industries by helping companies resolve complex challenges while maximizing stakeholder value. Mr. Campbell, Co-Executive Director – Restructuring of Getzler Henrich & Associates, said, "I look forward to sustaining the strong reputation that Bill and Joel have built, while continuing to deliver value and innovative solutions to our clients and stakeholders." About Hilco Global Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com. [] Trigild Names Chauvin Managing Partner to Lead Receiverships --------------------------------------------------------------- Trigild, a leading fiduciary services firm, has appointed Chris Chauvin as managing partner. In this role, Chauvin will oversee the firm's receivership assignments, ensuring timely and accurate reporting while working closely with Trigild's team to deliver best-in-class service. As one of the firm's principal receivers, Chauvin will also be responsible for strengthening and expanding client relationships, as well as identifying and developing new business opportunities to drive continued growth and secure future assignments. Chauvin brings a distinguished career in real estate capital markets and financial services litigation to Trigild, with deep expertise in resolving distressed commercial loans, foreclosures, receiverships, and leading high-stakes litigation for lenders, financial institutions, and private equity funds. "Bringing Chris to Trigild is like adding the number one draft pick to a championship team," said Chris Neilson, Managing Partner at Trigild. "His credibility and experience set him apart, and we are confident his leadership will elevate our firm while reinforcing our commitment to clients." "Chris' addition strengthens our ability to deliver the highest level of fiduciary and receivership services in today's complex real estate environment," added Ian Lagowitz, Managing Partner at Trigild. "His expertise in litigation and capital markets is a perfect complement to our platform, enabling us to provide even greater value to clients nationwide." Over the course of his career, he has secured favorable outcomes in jury and bench trials, obtained injunctive relief for clients, and overseen numerous court-appointed receiverships. His work has earned recognition from The Best Lawyers in America and Texas Super Lawyers. "Joining Trigild is an opportunity to build on the firm's legacy of innovation and excellence in fiduciary services and commercial real estate," Chauvin said. "I look forward to working with the talented team to build on its success, foster new relationships, and deliver value to our clients." With corporate offices nationwide, Trigild has a 40-year history of maximizing value for its clients through property management, asset management, receivership and bankruptcy services. The addition of Chauvin underscores Trigild's commitment to attracting top talent and maintaining its position as an industry leader. For more information about Trigild and its services, visit www.trigild.com About Trigild Trigild is a full--service fiduciary, commercial real estate, and hospitality firm with offices nationwide. With 40 years of experience, the firm provides receivership, asset management, and property management services across a wide range of commercial, multifamily, and hospitality properties. Trigild is committed to delivering innovative, integrity-driven solutions that maximize value for clients, including lenders, investors, and property owners. For more information, visit www.trigild.com. [] U.S. Chapter 7 Bankruptcies Up 15% Year-to-Date -------------------------------------------------- The 249,152 individual chapter 7 bankruptcies filed during the first nine months of 2025 represented a 15 percent increase over the 216,773 filed during the same period in 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total bankruptcy filings were 423,053 during the first nine months of 2025, a 10 percent increase from the 383,341 total filings during the same period a year ago. Total individual filings registered an 11 percent increase year-to-date to 399,387 filings, up from the 360,636 filings during the first nine months of 2024. Individual chapter 13 filings increased 4 percent to 149,337 from the 143,240 filed in the first nine months of 2024. "The sharp rise in individual bankruptcy filings this September compared to 2024 highlights the mounting financial pressure on households across the country," said Michael Hunter, Vice President of Epiq AACER. "Chapter 7 filings surged 19 percent year-over-year, and the growth in active Chapter 13 case inventory suggests more consumers are turning to bankruptcy as a necessary financial reset. We expect this upward trend to continue, with a strong likelihood of accelerating into 2026." Overall commercial filings registered 23,666 for the first nine months of 2025, representing a 4 percent increase from the commercial filing total of 22,705 during the same period in 2024. Small business filings, captured as subchapter V elections within chapter 11, totaled 1,764 in the first nine months of 2025, a 6 percent increase from the 1,669 elections during the same period in 2024. Commercial chapter 11 bankruptcies were the only category to record a decrease, as the 5,883 commercial chapter 11s filed during the first nine months of 2025 represented a 3 percent drop from the 6,078 filed during the same period in 2024. "With household debts climbing, lending terms tightening and geopolitical uncertainty creating challenges within supply chains, bankruptcies continue their ascent toward pre-pandemic levels," said ABI Executive Director, Amy Quackenboss. "Families or businesses overwhelmed by growing debt loads have a financial lifeline through the bankruptcy process." Filings increased across all chapters in September 2025 compared to September 2024. Overall commercial filings increased 13 percent to 2,781 from 2,471 in 2024. September 2025 commercial chapter 11s increased 3 percent to 767 from 741 in September 2024. Total subchapter V elections within chapter 11 increased 40 percent to 210 in September 2025 from 148 in September 2024. The 49,182 total bankruptcy filings in September 2025 represented an increase of 16 percent from the 42,571 filed in September 2024. Total individual filings climbed 16 percent, to 46,401 from 40,100. The 28,772 individual chapter 7 filings in September 2025 increased 19 percent over the 24,085 filings in September 2024. Individual chapter 13s were up 10 percent in September 2025 to 17,533 from 15,947 the previous year. Epiq AACER is a division of Epiq and is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry's most dynamic bankruptcy data, updated daily. Learn more at www.bankruptcy.epiqglobal.com. About Epiq Epiq, a technology and services leader, takes on large-scale and complex tasks for corporations, law firms, and the courts by integrating people, process, technology, and data intelligence. Clients rely on Epiq to streamline legal, compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 17 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 6,100 people worldwide create meaningful change at www.epiqglobal.com. About ABI ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit www.abi.org/calendar-of-events. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re GKNY1 Inc. Bankr. S.D.N.Y. Case No. 25-12114 Chapter 11 Petition filed September 28, 2025 See https://www.pacermonitor.com/view/BXHDNPQ/GKNY1_INC__nysbke-25-12114__0001.0.pdf?mcid=tGE4TAMA represented by: Elio Forcina, Esq. E-mail: forcinalaw@gmail.com In re NYC Alpha Champions Construction, LLC Bankr. E.D. Wisc. Case No. 25-25467 Chapter 11 Petition filed September 28, 2025 See https://www.pacermonitor.com/view/2V45UBY/NYC_Alpha_Champions_Construction__wiebke-25-25467__0001.0.pdf?mcid=tGE4TAMA represented by: Jude Witkowski, Esq. SEIFERT & ASSOCIATES E-mail: seifert38@gmail.com In re Ross International Bankr. C.D. Cal. Case No. 25-18634 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/AMN7NVQ/Rioss_Imternatonal__cacbke-25-18634__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Stanley Wayne Harris and Michelle Lee Harris Bankr. D. Colo. Case No. 25-16304 Chapter 11 Petition filed September 29, 2025 represented by: Keri Riley, Esq. In re Pioneer Green Farms, Inc. Bankr. M.D. Fla. Case No. 25-07160 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/FU5YV2Y/Pioneer_Green_Farms_Inc__flmbke-25-07160__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Boat Energy LLC Bankr. S.D. Fla. Case No. 25-21427 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/BWEHN4I/BOAT_ENERGY_LLC__flsbke-25-21427__0001.0.pdf?mcid=tGE4TAMA represented by: Nicholas Rossoletti, Esq. RON S. BILU PA E-mail: rbilu@bilulaw.com In re Lightning Ma'queen Transport Bankr. N.D. Ga. Case No. 25-61206 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/5FFUNAI/Lightning_Maqueen_Transport__ganbke-25-61206__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Ecole Academics LLC Bankr. D. Minn. Case No. 25-43198 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/IXLZH2Q/Ecole_Academics_LLC__mnbke-25-43198__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Tahoe Foods LLC Bankr. D. Nev. Case No. 25-50895 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/76KM33Y/TAHOE_FOODS_LLC__nvbke-25-50895__0001.0.pdf?mcid=tGE4TAMA represented by: Kevin A. Darby, Esq. DARBY LAW PRACTICE E-mail: kevin@darbylawpractice.com In re 3 Boys Express LLC Bankr. D.N.J. Case No. 25-20170 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/244SQ7I/3_Boys_Express_LLC__njbke-25-20170__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Cicciarelli, Esq. LAW OFFICES OF WENASKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re A K Express LLC Bankr. D.N.J. Case No. 25-20171 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/3FJ767Y/A_K_Express_LLC__njbke-25-20171__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Cicciarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re Cairo Express LLC Bankr. D.N.J. Case No. 25-20188 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/X2PHGIQ/Cairo_Express_LLC__njbke-25-20188__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re El-Aman Express LLC Bankr. D.N.J. Case No. 25-20187 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/X4MJRWY/El-Aman_Express_LLC__njbke-25-20187__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re Jet Express LLC Bankr. D.N.J. Case No. 25-20181 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/ADT4S5A/Jet_Express_LLC__njbke-25-20181__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re Matthew LIn Bankr. D.N.J. Case No. 25-20163 Chapter 11 Petition filed September 29, 2025 represented by: Robert Nisenson, Esq. In re M.A.M. Express LLC Bankr. D.N.J. Case No. 25-20174 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/JMEJJJI/MAM_Express_LLC__njbke-25-20174__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re MOH Express LLC Bankr. D.N.J. Case No. 25-20186 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/764HSYY/MOH_Express_LLC__njbke-25-20186__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re Sunny Express LLC Bankr. D.N.J. Case No. 25-20183 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/AMIAIUQ/Sunny_Express_LLC__njbke-25-20183__0001.0.pdf?mcid=tGE4TAMA represented by: Jenee K Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN LLC E-mail: jenee@wg-attorneys.com In re 45 Mastic W Blvd LLC Bankr. E.D.N.Y. Case No. 25-73757 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/L2PBQRQ/45_Mastic_W_Blvd_LLC__nyebke-25-73757__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Paul R.A. Janzen and Caroline H. Janzen Bankr. D. Ore. Case No. 25-33267 Chapter 11 Petition filed September 29, 2025 represented by: Theodore Piteo, Esq. In re Davis Diesel Service, LLC Bankr. D.S.C. Case No. 25-03778 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/MAXEVHY/Davis_Diesel_Service_LLC__scbke-25-03778__0001.0.pdf?mcid=tGE4TAMA represented by: Robert H. Cooper, Esq. THE COOPER LAW FIRM E-mail: rhcooper@thecooperlawfirm.com In re Sky Rock Trucking LLC Bankr. N.D. Tex. Case No. 25-43702 Chapter 11 Petition filed September 29, 2025 See https://www.pacermonitor.com/view/M56DIDI/Sky_Rock_Trucking_LLC__txnbke-25-43702__0001.0.pdf?mcid=tGE4TAMA represented by: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC E-mail: robert@demarcomitchell.com In re Jennifer Michelle Posey Bankr. E.D. Va. Case No. 25-11997 Chapter 11 Petition filed September 29, 2025 represented by: Tatiana Lazo, Esq. In re Brother John's BBQ LLC Bankr. D. Ariz. Case No. 25-09288 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/PAIPDEQ/BROTHER_JOHNS_BBQ_LLC__azbke-25-09288__0001.0.pdf?mcid=tGE4TAMA represented by: Jody A. Corrales, Esq. DECONCINI MCDONALD YETWIN & LACY, P.C. Email: jcorrales@dmyl.com In re Sherma Samantha Johnson Bankr. M.D. Fla. Case No. 25-06244 Chapter 11 Petition filed September 30, 2025 represented by: Karla Lee Hue, Esq. In re JTA1 Real Properties LLC Bankr. M.D. Fla. Case No. 25-03531 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/TR7KQMY/JTA1_Real_Properties_LLC__flmbke-25-03531__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC Email: jeff@bransonlaw.com In re JTA4 Real Properties LLC Bankr. M.D. Fla. Case No. 25-03533 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/BQX2OFA/JTA4_Real_Properties_LLC__flmbke-25-03533__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC Email: jeff@bransonlaw.com In re Sara E Sanderson Bankr. S.D. Ill. Case No. 25-30753 Chapter 11 Petition filed September 30, 2025 represented by: Jerry Graham, Esq. In re Tactical Towing & Recovery Inc. Bankr. S.D. Ill. Case No. 25-30751 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/SJO4FDA/Tactical_Towing__Recovery_Inc__ilsbke-25-30751__0001.0.pdf?mcid=tGE4TAMA represented by: J. D. Graham, Esq. J. D. GRAHAM, PC Email: jd@jdgrahamlaw.com In re JFY Enterprise LLC Bankr. W.D. La. Case No. 25-50884 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/3KF7ABY/JFY_Enterprise_LLC__lawbke-25-50884__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Dee Kuen Dee Won Corporation d/b/a Satang Infinity Bankr. D. Mass. Case No. 25-41031 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/HGUTTRY/Dee_Kuen_Dee_Won_Corporation_dba__mabke-25-41031__0001.0.pdf?mcid=tGE4TAMA represented by: William J. Amann, Esq. AMANN BURNETT, PLLC E-mail: wamann@amburlaw.com In re PJS Construction Custom Building & Remodeling Bankr. D.N.J. Case No. 25-20291 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/PS6DMPQ/PJS_Construction_Custom_Building__njbke-25-20291__0001.0.pdf?mcid=tGE4TAMA represented by: Melinda Middlebrooks, Esq. MIDDLEBROOKS SHAPIRO, P.C. Email: middlebrooks@middlebrooksshapiro.com In re 69 Sands St LLC Bankr. E.D.N.Y. Case No. 25-44756 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/56EZ55A/69_Sands_St_LLC__nyebke-25-44756__0001.0.pdf?mcid=tGE4TAMA represented by: Gregory Flood, Esq. LAW OFFICES OF GREGORY A FLOOD Email: floodlaw@gmail.com In re Richard Hans Bach Bankr. N.D.N.Y. Case No. 25-60871 Chapter 11 Petition filed September 30, 2025 represented by: Thomas Schaaf, Esq. In re Capital District Interventional Spine & Rehabilitation, PLLC Bankr. N.D.N.Y. Case No. 25-11140 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/LHXSQBI/Capital_District_Interventional__nynbke-25-11140__0001.0.pdf?mcid=tGE4TAMA represented by: Michael Boyle, Esq. BOYLE LEGAL LLC Email: mike@boylebankruptcy.com In re Michael Altman Bankr. S.D.N.Y. Case No. 25-12163 Chapter 11 Petition filed September 30, 2025 represented by: David Saponara, Esq. In re Richard Brian Lake Bankr. W.D. Tenn. Case No. 25-11342 Chapter 11 Petition filed September 30, 2025 represented by: C. Jerome Teel Jr., Esq. In re Goblyn Head Press, Inc. Bankr. S.D. Tex. Case No. 25-80471 Chapter 11 Petition filed September 30, 2025 See https://www.pacermonitor.com/view/JG77NQI/Goblyn_Head_Press_Inc__txsbke-25-80471__0001.0.pdf?mcid=tGE4TAMA represented by: Kimberly A. Bartley, Esq. WALDRON & SCHNEIDER, PLLC Email: kbartley@ws-law.com In re NEDCHC Inc. Bankr. D. Colo. Case No. 25-16401 Chapter 11 Petition filed October 1, 2025 See https://www.pacermonitor.com/view/IUP5KPY/NEDCHC_INC__cobke-25-16401__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re USA Cricket Bankr. D. Colo. Case No. 25-16381 Chapter 11 Petition filed October 1, 2025 See https://www.pacermonitor.com/view/UXBDBBY/USA_Cricket__cobke-25-16381__0001.0.pdf?mcid=tGE4TAMA represented by: Yanni N. Kakouris, Esq. BLACK LION SERVICES, PLLC Email: yanni@blacklionservices.com In re Andrew W. Lapp Bankr. M.D. Fla. Case No. 25-07277 Chapter 11 Petition filed October 1, 2025 represented by: Benjamin Martin, Esq. In re George John Bochis Bankr. N.D. Fla. Case No. 25-40484 Chapter 11 Petition filed October 1, 2025 represented by: Byron Wright, Esq. In re GOGO ASAP LLC Bankr. S.D. Ala. Case No. 25-12709 Chapter 11 Petition filed October 1, 2025 See https://www.pacermonitor.com/view/GHUWI7Q/GOGO_ASAP_LLC__alsbke-25-12709__0001.0.pdf?mcid=tGE4TAMA represented by: Barry A Friedman, Esq. BARRY A FRIEDMAN & ASSOCIATES, PC Email: bky@bafmobile.com In re Michael Lane Adams Bankr. S.D. Ala. Case No. 25-12714 Chapter 11 Petition filed October 1, 2025 represented by: Jodi Dubose, Esq. In re Alireza Ashraf and Maryam Yeganhneh Bankr. C.D. Cal. Case No. 25-18758 Chapter 11 Petition filed October 1, 2025 represented by: Onyinye Anyama, Esq. In re Darryl A. Seelhorst Bankr. N.D. Fla. Case No. 25-30964 Chapter 11 Petition filed October 1, 2025 represented by: Jodi Dubose, Esq. In re B1K Promotions LLC Bankr. N.D. Ga. Case No. 25-61336 Chapter 11 Petition filed October 1, 2025 See https://www.pacermonitor.com/view/Z6NE62A/B1K_Promotions_LLC__ganbke-25-61336__0001.0.pdf?mcid=tGE4TAMA represented by: Christopher Carouthers, Esq. CHRIS CAROUTHERS & ASSOCIATES Email: chris@chriscarouthers.com In re Nicholas Antoine Tershay Bankr. C.D. Cal. Case No. 25-11838 Chapter 11 Petition filed October 2, 2025 represented by: Stella Havkin, Esq. In re Edward West Lyle Bankr. D.D.C. Case No. 25-00450 Chapter 11 Petition filed October 2, 2025 represented by: Claude Alde, Esq. In re Mitzi Elaine Dailey Bankr. D. Md. Case No. 25-19188 Chapter 11 Petition filed October 2, 2025 represented by: Rachel Byer, Esq. In re Hensley Hercules Bankr. E.D.N.Y. Case No. 25-44799 Chapter 11 Petition filed October 2, 2025 In re David T. Duff and Tamara C. Duff Bankr. W.D. Pa. Case No. 25-22662 Chapter 11 Petition filed October 2, 2025 represented by: Christopher Frye, Esq. STEIDL AND STEINBERG, P.C. In re Morrillrd LLC Bankr. C.D. Cal. Case No. 25-17146 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/EEMSM7I/Morrillrd_LLC__cacbke-25-17146__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re John Henry Hackerson Bankr. M.D. Fla. Case No. 25-03580 Chapter 11 Petition filed October 3, 2025 represented by: Thomas Adam, Esq. In re Giroir Holdings Bankr. E.D. La. Case No. 25-12231 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/4YI4L7Y/Giroir_Holdings__laebke-25-12231__0001.0.pdf?mcid=tGE4TAMA represented by: Ralph Bickham, Esq. THE BICKHAM LAW PRACTICE LLC Email: rbickham@bickhamlaw.com In re David H. Hambrick, Sr. and Lydia J. Hambrick Bankr. M.D. La. Case No. 25-10902 Chapter 11 Petition filed October 3, 2025 represented by: James Herpin, Esq. In re Women's Ob-Gyn, P.C. Bankr. E.D. Mich. Case No. 25-21306 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/F3CZQSA/WOMENS_OB-GYN_PC__miebke-25-21306__0001.0.pdf?mcid=tGE4TAMA represented by: Zachary R. Tucker, Esq. WINEGARDEN, HALEY, LINDHOLM, TUCKER & HIMELHOCH P.L.C. In re Doug Duff Bankr. D.N.M. Case No. 25-11228 Chapter 11 Petition filed October 3, 2025 Filed Pro Se In re IGO Marketing + Entertainment LLC Bankr. E.D.N.Y. Case No. 25-73840 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/NIUWKSY/IGO_Marketing__Entertainment_LLC__nyebke-25-73840__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Zenith Property Mgmt Inc. Bankr. E.D.N.Y. Case No. 25-44820 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/F6CK3QI/Zenith_Property_Mgmt_Inc__nyebke-25-44820__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Reynaldo Santiago Berrios Bankr. D.P.R. Case No. 25-04507 Chapter 11 Petition filed October 3, 2025 represented by: Jacqueline Hernandez Santiago, Esq. In re Anthony Wayne Speakman Bankr. S.D. Tex. Case No. 25-80479 Chapter 11 Petition filed October 3, 2025 Filed Pro Se In re Peggy Sue Foraker Bankr. E.D. Va. Case No. 25-33969 Chapter 11 Petition filed October 3, 2025 See https://www.pacermonitor.com/view/YBG2SCI/Peggy_Sue_Foraker__vaebke-25-33969__0001.0.pdf?mcid=tGE4TAMA represented by: Kermit A. Rosenberg, Esq. WASHINGTON GLOBAL LAW GROUP, PLLC Email: krosenberg@washglobal-law.com In re J & L Homes LLC Bankr. W.D. Tex. Case No. 25-52338 Chapter 11 Petition filed October 4, 2025 See https://www.pacermonitor.com/view/EY3JDKY/J__L_Homes_LLC__txwbke-25-52338__0001.0.pdf?mcid=tGE4TAMA represented by: Morris E. "Trey" White, III, Esq. VILLA & WHITE LLP Email: treywhite@villawhite.com ********* 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. 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