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260106.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, January 6, 2026, Vol. 30, No. 6 Headlines 1 SOURCE: Seeks Approval to Hire KBA Group PC as Accountant 1 SOURCE: Seeks to Hire Nomadic Accountant LLC as Accountant 16 WARREN: Seeks Chapter 11 Bankruptcy in New York 1819 WEEKS AVE: Claims to be Paid from Property Sale Proceeds 1993 GREEN: Unsecured Creditors Will Get 100% of Claims in Plan 250 WYNAH: Gets Another Extension to Use Cash Collateral 2903 KIRK: Seeks to Hire Matthews Real Estate Investment as Broker 3 BOYS EXPRESS: Unsecureds to Get $100 per Month for 36 Months 4 POINTS: Gets Final OK to Use Cash Collateral 7 AT BLUE LAGOON: Hires Trustee Realty Inc as Real Estate Broker A.M. DISTILLERY: James Coutinho Named Subchapter V Trustee A.Z.N. REALTY: Seeks to Use Cash Collateral ADVANCED REHABILITATION: Cash Collateral Hearing Set for Jan. 7 ADWOA BEAUTY: Final Cash Collateral Hearing Set for Jan. 7 AG RECYCLING: Gets Second Interim Approval to Use Cash Collateral AKTIVATE INC: Gerard Luckman Named Subchapter V Trustee ALL AMERICAN: Gets OK to Use Cash Collateral ALLIANCE HOME: Seeks Subchapter V Bankruptcy in California ALPHA 4: Seeks Chapter 11 Bankruptcy in Florida AMERICAN SIGNATURE: Shuts Down North Carolina Furniture Facility AMERIGO METAL: Unsecureds Will Get 34% of Claims over 60 Months ANDERSON HAY: Gets Interim OK to Use Cash Collateral Until Feb. 7 ANGLIN CONSULTING: Gets Interim OK to Use Cash Collateral ANNALEE DOLLS: Court Extends Cash Collateral Access to Jan. 31 ARCADIA BIOSCIENCES: Elects 3 Class I Directors at Annual Meeting ARTIST & CRAFTSMAN: Seeks Chapter 11 Bankruptcy in Maine ARTSTOCK: Wins Interim Approval to Use Cash Collateral ASPIRA WOMEN'S: Inks $10MM Equity Purchase Deal With Lincoln Park ASPIRA WOMEN'S: Signs 5-Year Deal With Mayo Clinic AUTOWORX LLC: Gets Interim OK to Use Cash Collateral BABA NANAK: Taps Mahler Sotheby's International Realty as Broker BAYSHORE SUITES: Gets Final OK to Use Cash Collateral BELLA GREY: Gets Final OK to Use Cash Collateral BEVI TUTTO: Seeks to Hire Darby Law Practice as Bankruptcy Counsel BHOLAT INVESTMENT: Seeks Chapter 7 Bankruptcy in Florida BISHOP OF SACRAMENTO: Seeks to Hire Adapt Real Estate as Broker BLOOMING LOTUS: Hires Law Offices of Alla Kachan P.C. as Counsel BLOOMING LOTUS: Seeks to Hire Estelle Miller as Accountant BNB PLUS: Posts $15.3MM Loss in FY25; Mitigates Going Concern Doubt BOSQUE BREWING: Shuts Down Remaining Taprooms After Ch.11 Dismissed BRADBURY DEODAR: Amends Plan to Include Tzu Chen Yen Secured Claim BROOKLYN KEBAB: Hearing Today on Bid to Use Cash Collateral BUCKINGHAM SENIOR: Committee Taps Berkeley as Financial Advisor BUILT USA: Seeks to Hire Ford & Semach PA as Bankruptcy Counsel CANSON LLC: Brian Rothschild Named Subchapter V Trustee CAPITAL DISTRICT: Unsecureds to Split $60K over 60 Months CAPROCK MILLING: Seeks to Hire VALUE Incorporated as Expert CARPENTER HOMES: Section 341(a) Meeting of Creditors on February 4 CCA CONSTRUCTION: Unsecureds Will Get 100% of Claims in Plan CD GREENE: Charles Persing of Bederson Named Subchapter V Trustee CEMTREX INC: Raises $2 Million in Registered Direct Offering CENTER FOR EMOTIONAL: Taps Richard P. Cook as Special Counsel CHAINCE DIGITAL: Sun Qian Steps Down as Director, COO CHURCH OF THE IMMACULATE: Hires John F. Jilleba CPA as Accountant CHURCH OF THE IMMACULATE: Taps Klestadt Winters as Legal Counsel CITIUS PHARMACEUTICALS: Posts $39.7M 2025 Loss, Going Concern Doubt CJ REAL ESTATE: Michael Markham Named Subchapter V Trustee CJR PRODUCTS: Seeks Chapter 7 Bankruptcy in North Carolina CLAYTON ISTHMUS: Hearing Today on Bid to Use Cash Collateral CLEAN CHOICE: Seeks Chapter 7 Bankruptcy in Maryland CNY SEALCOATING: Hires McManimon Scotland as Bankruptcy Counsel COASTAL CANTINA: Unsecureds to be Paid in Full in Sale Plan COMFORT ALL-STARS: Kathleen DiSanto Named Subchapter V Trustee CONSCIOUS CONTENT: Gets Interim OK for DIP Loan From [212]MEDIA COOK HOLDINGS: Seeks to Hire Fava Firm as Co-Counsel COSAMIA LLC: Files Emergency Bid to Use Cash Collateral COURTESY SECURITY: Unsecureds Will Get 10% over 60 Months CRS SERVICES: Unsecured Creditors to Split $44K over 36 Months CSRR CORP: Seeks Chapter 7 Bankruptcy in California CYCLE SPORT: Seeks Subchapter V Bankruptcy in Florida DHC SERVICES: Seeks Chapter 7 Bankruptcy in Massachusetts DOTTIE OAKS: Case Summary & One Unsecured Creditor E&M BINDERY: Hearing Today on Bid to Use Cash Collateral E. GLUCK: Hires East Wind Securities as Investment Banker EDMUNDSON INC: Case Summary & 20 Largest Unsecured Creditors EDWARD L. AUEN: Seeks Chapter 11 Bankruptcy in California EMMAUS LIFE: Exchanges $3MM Note for Shares, $600K New Note ENI DIST: Plan Exclusivity Period Extended to May 5, 2026 ENVERIC BIOSCIENCES: Increases Shares Under Incentive Plan to 164K ENVUE MEDICAL: Appoints Nicole Fernandez-McGovern Interim CFO ENVUE MEDICAL: CEO Doron Besser Signs Amended Employment Agreement EPIC MECHANICAL: Hires BC Business Services Inc as Accountant ETEGRA INC: Seeks to Hire Kelley Kaplan & Eller as General Counsel ETEGRA INC: Wins Interim Approval to Use Cash Collateral EVENTIDE CREDIT: Trustee Taps DLA Piper LLP as Legal Counsel FALLS CONDOMINIUM: Hires Omni Agent Solutions as Claims Agent FISCHER AG: Gets Court OK to Use Cash Collateral FISHER'S FUEL: Hires Step Two Law as Legal Counsel FIT & THRIVE: Claims to be Paid from Monthly Income FLIPCAUSE INC: Hires Epiq Corporate as Claims and Noticing Agent FLIPCAUSE INC: Seeks Cash Collateral Access FLIPCAUSE INC: Seeks to Hire SC&H Group Inc. as Investment Banker FLOOF LLC: Hearing Today on Bid to Use Cash Collateral FOOD52 INC: Deadline for Panel Questionnaires Set for Jan. 6 FOUR SEASONS: Gets Interim OK to Use Cash Collateral GALBREATH RESTAURANT: Gets Interim OK to Use Cash Collateral GALOSI LLC: Scott Seidel Named Subchapter V Trustee GBOGBARA INC: Unsecureds to Get Share of Income for 60 Months GENESIS REFRIGERATION: Hires Neeleman Law Group as Legal Counsel GOBLYN HEAD: Claims to be Paid from Continued Operations GRINNELL CENTER: Hires Cutler Law Firm PC as Bankruptcy Counsel GRMG REAL ESTATE: Seeks to Hire Jeffrey Mohrhauser as Mediator GST INC: Seeks $6.15MM DIP Loan from Winners Alliance HADNOT LOGISTICS: Gets Interim Cash Collateral HIGHLANDER HOTEL: Hires Cutler Law Firm PC as Bankruptcy Counsel HOLLYMONT CAPITAL: Hires Portillo Ronk as Bankruptcy Counsel HOUND ROOFING: Seeks Chapter 7 Bankruptcy in North Carolina INDU MOTEL: Plan Exclusivity Period Extended to February 26, 2026 INTERCHANGE LOGISTICS: Natasha Songonuga Named Subchapter V Trustee J.E. DALEY: Seeks Chapter 7 Bankruptcy in Maryland JACKSON HOSPITAL: Plan Exclusivity Period Extended to Jan. 30, 2026 JOBEE EXPRESS: Gets OK to Use Cash Collateral Until Jan. 28 JTA4 REAL: Post-Petition Financing or Sale Proceeds to Fund Plan JUBILEE HILLTOP: Unsecureds Will Get 10% of Claims in Plan JUST LOGISTICS: Voluntary Chapter 11 Case Summary KANSAS CITY COSTUME: Gets Final OK to Use Cash Collateral KCAP VILLA: Seeks to Hire Condon Tobin Sladek Sparks as Attorney KEESTONE PROPERTIES: Gets OK to Use Cash Collateral KID CITY USA: Case Summary & 20 Largest Unsecured Creditors KOOMBEA INC: Amy Denton Mayer Named Subchapter V Trustee LAUREL CREEK: Taps Michael VanderLey of Force Ten Partners as CRO LISBON VISTA: Section 341(a) Meeting of Creditors on February 11 LIT INTERNATIONAL: Seeks Chapter 7 Bankruptcy in Massachusetts LITTLE BROWN: Seeks Approval to Hire Venable LLP as Counsel LITTLE BROWN: Seeks to Hire KapilaMukamal as Accountant LITTLE MIKE'S: Seeks to Hire Robert Bassel Esq. as Legal Counsel LUDAN HOLDINGS: Case Summary & Two Unsecured Creditors LUMEN TECHNOLOGIES: Level 3 Closes $1.25B Notes Offering MAF GROUP: Seeks to Tap MPR Tax Accounting Solutions as Accountant MAINE DENTISTRY: Hires Law Office of Laura Hopkins as Attorney MARTINEZ & SONS: Seeks Cash Collateral Access Thru March 2026 MASS POWER: Court Extends Cash Collateral Access to Jan. 15 MAWSON INFRASTRUCTURE: Meets Nasdaq Continued Listing Requirements MBK HOLDINGS: Hires May Oberfell Lorber LLP as Counsel MCCLENDON & ASSOCIATES: Gets Interim OK to Use Cash Collateral MCGLOTHLIN INVESTMENTS: Hires Wainwright & Co. as Realtor MIDWEST SKIING: Seeks to Hire Mike Matezevich as Accountant MOD JEWELRY: Court Extends Cash Collateral Access to Jan. 15 MOGA TRANSPORT: Amends Special Category Unsecured Claims Details MOUNT ACADIA: Seeks to Hire Stapleton Group as CRO MOUNTAIN REGIONAL: Final Cash Collateral Hearing Set for Jan. 8 MOUNTAIN REGIONAL: Hires Jones & Walden LLC as Bankruptcy Counsel MOUNTAIN REGIONAL: Seeks to Hire Cohne Kinghorn as Local Counsel MSLH LLC: Case Summary & 17 Unsecured Creditors MVP GROUP: Gets Final OK to Use Cash Collateral NAUTICAL IMPORTS: Seeks to Hire BransonLaw PLLC as Legal Counsel NAVIDEA BIOPHARMACEUTICALS: Asset Sale Proceeds to Fund Plan NEELY MOTORSPORTS: Hires Pierce Law Firm as Special Counsel NELROY DRUGS: Gets Final OK to Use Cash Collateral NEUROONE MEDICAL: Welcomes Jason Mills to the Board of Directors NEW MEXICO: Seeks to Hire Colliers International as Appraiser NORTH COUNTRY: Gets Interim OK for DIP Financing NORTH COUNTRY: Gets Interim OK to Use Cash Collateral NORTH COUNTRY: Hires Allen Jones & Giles as Bankruptcy counsel NXT ENERGY: Acquires Complete Ownership of SFD Technology OASIS GB: Seeks to Gerdes Law Firm as Bankruptcy Counsel OFFICE PROPERTIES: Comm. Taps Alvarez & Marsal as Financial Advisor OFFICE PROPERTIES: Committee Taps Willkie Farr as Legal Counsel OFFICE PROPERTIES: Mediation Terminated Without Resolution OMNICARE LLC: Hires Dechert LLP as Special Antitrust Counsel OROVILLE HOSPITAL: Seeks to Tap Cain Brothers as Investment Banker OUTPATIENT SERVICE: Gets Interim OK to Use Cash Collateral PALM BEACH: Aleida Martinez Molina Named Subchapter V Trustee PERASO INC: Appoints Cees Links to Board, Audit Committee PERASO INC: Stockholders OK Four Proposals at Annual Meeting PINE GATE: Committee Hires Jefferies LLC as Investment Banker PINE GATE: Committee Hires Province LLC as Financial Advisor PINE GATE: Committee Hires White & Case LLP as Co-Counsel PINE GATE: Committee Taps Pachulski Stang Ziehl & Jones as Counsel PINE GATE: Court OKs Unsecured Guarantees for Solar Project Funding POSH QUARTERS: Unsecureds to Get 1 Cent on Dollar in Plan POSIGEN PBC: Hires Mr. Del Genio and Mr. Pugh of FTI as CRO PRAESUM HEALTHCARE: Taps Sheppard Mullin as Transaction Counsel PRO QUIP: Seeks Approval to Hire Torchin CPA as Accountant PROFRAC HOLDING: Appoints Matthew Rinaldi to Board of Directors PROTOS BIOLOGICS: Seeks Chapter 7 Bankruptcy in Massachusetts QUANTUM CORP: Dialectic Technology Holds 37.2% Equity Stake RAZZOO'S INC: Closes College Station Location Permanently in Ch. 11 RELIANT PLUMBING: Hires Lane Law Firm PLLC as Bankruptcy Counsel RELIANT PLUMBING: Seeks Cash Collateral Access RENHURST HOLDINGS: Hires Mbaluka and Beisel LLC as Accountant REVIVA PHARMACEUTICALS: Five Key Proposals Passed at Annual Meeting RICCIARDI INVESTMENTS: Taps Richard S. Feinsilver as Legal Counsel ROADRUNNER SCOOTERS: Hires Sturman Law LLC as Special Counsel ROBELLA 2228: Hires Baumeister Denz LLP as Bankruptcy Counsel ROSE RENTAL: Gets Interim OK to Use Cash Collateral S EL CAMINO: Seeks to Tap Michael Jay Berger as Bankruptcy Counsel SAKS GLOBAL: Sells Neiman Marcus Beverly Property to Ashkenazy SCILEX HOLDING: Draws $22.6MM in First Tranche of Non-Recourse Loan SELECT ROOFING: Seeks Chapter 7 Bankruptcy in California SHEFFIELD TOWING: Case Summary & 17 Unsecured Creditors SHERWOOD HOSPITALITY: Seeks Continued Cash Collateral Access SHIPWRECK TREASURE: Gets Extension to Access Cash Collateral SILVERSTRAND FITNESS: Hires Grassi Franchise as Accountant SJ HOLDINGS: Files Amended Plan; Confirmation Hearing Feb. 3, 2026 SKY ROCK: Unsecureds Will Get $5,900 per Month for 5 Years SME DUBLIN: Seeks to Hire Stone & Baxter as Bankruptcy Counsel SMITH MICRO: Nasdaq Extends Minimum Bid Price Compliance to June 22 SOUTH ATLANTA: Seeks to Hire Brannen Firm LLC as Legal Counsel SPEAR SECURITY: Gets Interim OK to Use Cash Collateral SPHERE 3D: Appoints Tiah Reppas as Chief Accounting Officer SPOKE-N-SPORT INC: Seeks to Hire Gerry Law Firm as Legal Counsel STAGGEMEYER STAVE: Gets OK to Use $240K in Cash Collateral STARCO BRANDS: Secures $5MM Bridge Loan for Debt Repayment STARVISTA: Seeks Chapter 7 Bankruptcy in California STEINMETZ PLUMBING: Wins Interim Approval to Use Cash Collateral STICKY WALL: Files Emergency Bid to Use Cash Collateral STICKY WALL: Jerrett McConnell Named Subchapter V Trustee TEADS HOLDING: Fails to Meet Minimum Bid Price Requirement THOMAS C. STEET: Hires Sasser Law Firm as Bankruptcy Counsel TOMATLAN INC: Court Extends Cash Collateral Access to March 6 TRINITY AUTO: Case Summary & 20 Largest Unsecured Creditors TROUSDALE LIVING: Seeks to Tap EmergeLaw PLC as Bankruptcy Counsel TRUETT MEMORIAL: Hires Frazee Law Group as Bankruptcy Counsel ULTR8 LLC: Seeks to Hire Barron & Newburger P.C. as Attorney UNIQUE REALTY: Taps Snow Tax & Business Services as Enrolled Agent UNITED SITE: Unsecureds Unimpaired in Joint Prepackaged Plan URGENT CARE: Hires George Oliver PLLC as Bankruptcy Counsel US MAGNESIUM: Seeks to Extend Plan Exclusivity to March 9, 2026 VALLEY OF THE SUN: Seeks to Hire Abassi Law as Bankruptcy Counsel VERSACE DOMINICAN: Gets Interim OK to Use Cash Collateral VIAJEHOY LLC: Natasha Songonuga Named Subchapter V Trustee VINTRENDI WINE: Hires Gregory K. Stern P.C. as Bankruptcy Counsel VIVAKOR INC: Shareholders Back Reverse Split, Share Increase VIVAKOR INC: Signs LOI to Acquire Coyote Oilfield Services WAHL TO WAHL: Unsecured Creditors to Get 1 Cent on Dollar in Plan WE WEST TEXAS: Voluntary Chapter 11 Case Summary WEATHERSTONE LLC: Hires Walker & Dunlop/Beach Front as Brokers WHITEHALL MANOR: Commences Chapter 11 Bankruptcy in Pennsylvania WILLIAMS TREE: Includes Lindsay Eastham Unexpired Lease Claim WORLD NUTRITION: Seeks Chapter 7 Bankruptcy in Arizona XTREME SPORTS: Unsecureds to Get $100 per Month over 5 Years YALDA REAL: Court OKs Appointment of Chapter 11 Trustee ZOOZ STRATEGY: Receives Nasdaq Bid Price Deficiency Notice ZUUM TRANSPORTATION: Hires Dundon Advisers as Financial Advisor ZYNEX INC: Seeks to Hire Epiq as Claims and Noticing Agent [] 6 Freight Carriers That Filed Chapter 11 in November 2025 [] Herrick Promotes Elizabeth Plowman to Partner [] Over 700 US Firms Went Bankrupt in 2025, A 14% Rise from 2024 [] U.S. AgriTech Bankruptcies in 2025 ********* 1 SOURCE: Seeks Approval to Hire KBA Group PC as Accountant ----------------------------------------------------------- 1 Source, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Alabama to hire KBA Group, PC as accountant. The firm's services include assisting the Debtors with the calculation of tax due and provide with forms and schedules that suitable for Debtors to file with the Internal Revenue Service and applicable state and local tax authorities and sufficient to comply with the Debtors' tax filing obligations for the year ended Dec. 31, 2024. The firm will be assisting the Debtors in preparing the budget and projections required or appropriate throughout the case; and testimony regarding any of these matters. The firm charges $95 to $325 hourly for its accounting services, depending on stuff assigned to the work, plus costs and expenses. As disclosed in the court filings, KBA represents no adverse interest to the Debtors or the bankruptcy estates. The accountant can be reached through: John Bedsole, CPA KBA Group, PC 720 Executive Park Drive Mobile, AL 36606 About 1 Source LLC 1 Source, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala., Case No. 25-13269) on November 21, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue handles the case. Alexandra K. Garrett and Jason R. Watkins, Esq., at Silver Voit Garrett & Watkins, represent the Debtor as legal counsel. 1 SOURCE: Seeks to Hire Nomadic Accountant LLC as Accountant ------------------------------------------------------------ 1 Source, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Alabama to hire The Nomadic Accountant, LLC as accountant. The firm will render these services: a. perform accrual accounting journal entries on a monthly basis; b. review fixed asset accounting including depreciation monthly; c. oversee and prepare intercompany transaction on a monthly basis; d. oversee day-to-day accounting functions including accounts payable, accounts receivable, payroll and bank reconciliations; e. oversee bank statement and loan account reconciliation on a monthly basis; f. provide weekly cash flow projections and review of cash projections with owners/partners; g. prepare monthly financial statements and review of financials statements with owners/partners; h. coordinate with the 3rd party of the Debtors' choice to provide supporting documentation for Annual preparation of tax returns and Compilation; and i. coordinate with Silver Voit Garrett & Watkins, Attorneys at Law PC to provide supporting documentation for Bankruptcy filing. Nomadic charges for its accounting services on a biweekly basis at fixed rate of $3,250 or $6,500 monthly. As disclosed in the court filings, Nomadic represent no adverse interest to the Debtors or the bankruptcy estate in the matters on which Nomadic is to be engaged. The firm can be reached through: Ashley Inness, CMA The Nomadic Accountant, LLC 232 Rainbow Drive #13205 Livingston, TX 77399 About 1 Source LLC 1 Source, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala., Case No. 25-13269) on November 21, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue handles the case. Alexandra K. Garrett and Jason R. Watkins, Esq., at Silver Voit Garrett & Watkins, represent the Debtor as legal counsel. 16 WARREN: Seeks Chapter 11 Bankruptcy in New York -------------------------------------------------- On December 31, 2025, 16 Warren Street PH LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the debtor reports between $1 million and $10 million in debt, owed to between 1 and 49 creditors. About 16 Warren Street PH LLC 16 Warren Street PH LLC is a single asset real estate company. 16 Warren Street PH LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12953) on December 31, 2025. In its petition, the debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge not listed handles the case. The debtor is represented by Dawn Kirby, Esq. of Kirby Aisner & Curley, LLP. 1819 WEEKS AVE: Claims to be Paid from Property Sale Proceeds ------------------------------------------------------------- 1819 Weeks Ave. Realty Corp. filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing First Amended Plan of Liquidation dated December 30, 2025. The Debtor owns the real property and improvements located at 47 Perry Street, New York, New York (the "Property"). The Property is a residential apartment building consisting of 5 floors and 16 units. The Debtor is 100% owned by Nancy Haber. The Property is encumbered by a mortgage in favor of Maguire Perry LLC, securing a loan that was originally advanced by Fairbridge Credit LLC to the Debtor in October of 2022 and subsequently assigned to Maguire Perry. The loan is evidenced by, among other documents, a promissory note, loan agreement, ownership interests pledge and security agreement and UCC-1 financing statement (the "Loan Documents"). The Principal amount of the mortgage loan is $4,600,000. On February 5, Haber filed a voluntary petition for relief under chapter 11, captioned: In Re Nancy J. Haber, Chapter 11 Case No. 24-10194 (DSJ), staying the First UCC Sale. Haber's bankruptcy case was dismissed by order entered on July 10, 2024. After Haber's bankruptcy case was dismissed, the Secured Creditor noticed an Adjourned Notice of Sale ("Second UCC Sale") scheduling a sale of all of Haber's right, title and interests in the Debtor. Before the Secured Creditor's Second UCC Sale was commenced, the Debtor filed the instant case on October 28, 2024 (the "Petition Date"), staying the Second UCC Sale. Pursuant to the bidding procedures approved by the Bankruptcy Court, an auction was conducted for the Property on September 4, 2025 pursuant to the Order (A) Authorizing and Scheduling an Auction to Solicit Bids for the Sale of the Debtor's Property Located at 47 Perry Street, New York, NY 10014, Free and Clear of Liens, Interests and Encumbrances; (B) Approving Stalking Horse Contract, Bidding Procedures and Certain Fee Protections; (C) Scheduling a Hearing to Consider Approval of the Sale; (D) Establishing the Form and Manner of Notices Related Thereto; and (E) Granting Such Other and Further Relief as This Court Deems Just and Proper entered on July 11, 2025, approving, inter alia, the Bidding Procedures (the "Bidding Procedures"). The Plan is based on the results of the auction. It provides for the sale of the Property to Available Spaces, LLC, which provided the highest and best bid of $10,550,000 plus the Buyer's Premium. Under the Plan, the Debtor shall take all necessary steps, and perform all necessary acts, to consummate the terms and conditions of the Plan, which include obtaining and closing on the Sale and distributing the proceeds to pay creditors pursuant to the Plan. The Closing Date shall occur as soon as practicable after the Confirmation Date, subject to and in accordance with the terms of the governing asset purchase agreement (the "Asset Purchase Agreement"). The Sale Approval Order, which may be encompassed in the Confirmation Order, shall provide for payment from Sale Proceeds and/or Available Cash for the allowed amount of Maguire Perry Secured Claim in full upon Closing. The balance of the Debtor's creditors will be paid from the Debtor's Available Cash and/or the Sale Proceeds pursuant to their statutory priorities as set forth in the Plan. Class 3 consists of Unsecured Claims. The allowed unsecured claims total $1,804,416.69. Subject to the provisions of Article 7 of the Plan, with respect to Disputed Claims, in full satisfaction and release of the Unsecured Claims, the holders of Allowed Unsecured Claims shall receive, from remaining Sale Proceeds and/or Available Cash if any, Cash in the full amount of their Allowed Unsecured Claim after payment is made at Closing to satisfy the Allowed NYC Secured Claims and the Allowed Maguire Perry Secured Claim. If Sale Proceeds and/or Available Cash is insufficient to pay the Allowed Unsecured Claim holders in full, then they shall receive pro rata distributions thereof. Class 4 consists of Interest Holders. After payment is made to satisfy the Allowed NYC Secured Claims, the Allowed Maguire Perry Secured Claim, and Unsecured Claims, the remaining Sale Proceeds and/or Available Cash, if any, shall be distributed to the Debtor's Interest Holder. The Plan shall be implemented by the sale of the Property followed by distribution of the Debtor's Available Cash and Sale Proceeds as set forth in the Plan. The Confirmation Order shall contain appropriate provisions, consistent with section 1142 of the Bankruptcy Code, directing the Debtor and any other necessary party to execute or deliver or to join in the execution or delivery of any instrument required to effect a transfer of the Property of the Debtor as required by the Plan and to perform any act, including the satisfaction of any lien, that is necessary for the consummation of the Plan. Payments and distributions to be made under the Plan, shall be made from the Debtor's Available Cash, if any, and the Sale Proceeds, and be made by the title company at the Closing and thereafter by the Disbursing Agent. These funds shall be utilized to satisfy payments due consistent with the terms of the Plan. A full-text copy of the Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=QikTAE from PacerMonitor.com at no charge. About 1819 Weeks Ave. Realty Corp. 1819 Weeks Ave. Realty Corp. is a real estate company. 1819 Weeks Ave. Realty Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-11855) on Oct. 28, 2024. In the petition filed by Nancy Haber, as president, the Debtor estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by: Wayne M. Greenwald, Esq. JACOBS P.C. 595 Madison Avenue FL 39 New York, NY 10022 Tel: 917-513-6246 Email: wayne@jacobspc.com 1993 GREEN: Unsecured Creditors Will Get 100% of Claims in Plan --------------------------------------------------------------- 1993 Green Valley Road, LLC, filed with the U.S. Bankruptcy Court for the Northern District of California a Combined Plan of Reorganization and Disclosure Statement dated December 30, 2025. The Debtor owns real property at 1993 Green Valley Road in Alamo, California, which it rents out to tenants unrelated to the Debtor or its managing member. In September 2024, the managing member became seriously ill and was ultimately required to retire from his law practice. His income was then insufficient to pay the expenses of the property and the Debtor became delinquent in the mortgage payments. By then, managing member's health was such that he was unable to deal with the financial issues of the Debtor and the mortgage holder began foreclosure. This case was filed to stop the foreclosure and to allow the Debtor to propose a plan to reinstate the mortgage. The Debtor's managing member has renewed his law license and has obtained several employment opportunities which will allow him to supplement the Debtor's rental income to make payments to creditors until he is in a position to refinance the loan or sell the property. If the Plan is confirmed, the payments promised in the Plan constitute new contractual obligations that replace the Debtor's pre-confirmation debts. Creditors may not seize their collateral or enforce their pre-confirmation debts so long as Debtor performs all obligations under the Plan. If Debtor defaults in performing Plan obligations, any creditor can file a motion to have the case dismissed or converted to a Chapter 7 liquidation, or enforce their non-bankruptcy rights. Class 2(a) consists of Small Claims Unsecured Creditors. This class includes any creditor whose allowed claim is $1,000 or less, and any creditor in Class 2(b) whose allowed claim is larger than $1,000 but agrees to reduce its claim to $1,000. Each creditor will receive on the Effective Date of the Plan a single payment equal to 100% of its allowed claim. This Class includes the unsecured claim of the Office of the US Trustee in the amount of $250.00. Creditors in this class may not take any collection action against Debtor so long as Debtor is not in material default under the Plan (defined in Part 6(c)). Claimants in this class are impaired and are entitled to vote on confirmation of the Plan, unless their claims are paid in full with interest on the Effective Date of the Plan. On the Effective Date, all property of the estate and interests of the Debtor will vest in the reorganized Debtor pursuant to Section 1141(b) of the Bankruptcy Code free and clear of all claims and interests except as provided in this Plan. Except as provided in Part 6(d) and (e), the obligations to creditors that Debtor undertakes in the confirmed Plan replace those obligations to creditors that existed prior to the Effective Date of the Plan. Debtor's obligations under the confirmed Plan constitute binding contractual promises that, if not satisfied through performance of the Plan, create a basis for an action for breach of contract under California law. To the extent a creditor retains a lien under the Plan, that creditor retains all rights provided by such lien under applicable non-Bankruptcy law. A full-text copy of the Combined Plan and Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=Oxduke from PacerMonitor.com at no charge. The Debtor's Counsel: Ruth Auerbach, Esq. RUTH AUERBACH 236 West Portal Ave., Suite 185 San Francisco, CA 94127 Tel: (415) 722-5596 E-mail: ruth.auerbach.esq@gmail.com About 1993 Green Valley Road LLC 1993 Green Valley Road LLC is a single-asset real estate entity that owns the property at 1993 Green Valley Road in Alamo, California, valued at $3.25 million. 1993 Green Valley Road LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-41404) on Aug.t 4, 2025. In its petition, the Debtor reports total assets of $3,250,000 and total liabilities of $2,600,000. The Debtor is represented by Ruth Auerbach, Esq. 250 WYNAH: Gets Another Extension to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court, Northern District of Illinois, Eastern Division issued an order authorizing 250 Wynah Lane, LLC to use cash collateral pending a further hearing on February 14, 2026. The Debtor's right to use the cash collateral of its lenders continues under the terms of the initial order entered on June 23 until further order of the court. The order builds on prior rulings, including the June Cash Collateral Order and the November Cash Collateral Order, which previously authorized the Debtor's use of the lender’s cash collateral. Until further court order, the Debtor may continue using cash collateral under the same terms and conditions set forth in the June Cash Collateral Order. The authorization remains in effect unless terminated or modified by the Court in accordance with that earlier order. About 250 Wynah Lane LLC 250 Wynah Lane, LLC is a single-asset real estate debtor, as defined in 11 U.S.C. Section 101(51B). 250 Wynah Lane sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-07414) on May 14, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. Matthew T. Gensburg, Esq., at Gensburg Calandriello & Kanter, P.C. is the Debtor's legal counsel. World Business Lenders, as lender, is represented by: Stephanie Mulcahy, Esq. Hinshaw & Culbertson, LLP 151 N. Franklin, Suite 2500 Chicago, IL 60606 Telephone: 312-704-3220 smulcahy@hinshawlaw.com Cape Cod Five Cents Savings Bank, as lender, is represented by: Sean P. Williams, Esq. Levenfeld Pearlstein, LLC 120 S. Riverside, Suite 1800 Chicago, IL 60606 Telephone: (312) 346-8380 swilliams@lplegal.com 2903 KIRK: Seeks to Hire Matthews Real Estate Investment as Broker ------------------------------------------------------------------ 2903 Kirk Rd, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Matthews Real Estate Investment Services, Inc. as real estate agent. The firm will market and sell the Debtor's property located at 2903 Kirk Rd., Aurora, IL 60402. Matthews is entitled to a commission of 4.5 percent of the purchase price. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matthew Fitzgerald Matthews Real Estate Investment Services, Inc. 8300 Douglas Ave., Ste 750 Dallas, TX 75225 Tel: (866) 889-0050 About 2903 Kirk Rd, LLC 2903 Kirk Rd, LLC is classified as a single-asset real estate debtor under the definition set out in 11 U.S.C. Section 101(51B). 2903 Kirk Rd, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case NO. 25-18467) on December 1, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Kyle Evans as managing member. Judge Michael B Slade presides over the case. Scott R. Clar, Esq. at CRANE, SIMON, CLAR & GOODMAN serves as the Debtor's counsel. 3 BOYS EXPRESS: Unsecureds to Get $100 per Month for 36 Months -------------------------------------------------------------- 3 Boys Express, LLC filed with the U.S. Bankruptcy Court for the District of New Jersey a Plan of Reorganization for Small Business dated December 30, 2025. The Debtor was established in 2010. The Debtor acquired Newark taxi medallion numbers #400, #498 and #342 and also obtained vehicles that were conformed as "yellow cabs." The Debtor was established as a single member limited liability company with its single member being Mohamad Kahlil. Mr. Khalil has been a Newark taxi medallion owner and driver since 1984 and at one point had a corporation. 3 Boys Express, LLC was established as an LLC in 2010 and medallions made part of its assets. Mr. Khalil is the single member of 7 other limited liability companies formed between 2008 and 2019 that own and operate taxi medallions. The Debtor has been able to survive thus far amid an industry wide decline in the Newark Taxi Medallion market fueled by regulations that allow ride-share companies such as Uber and Lyft to pick up passengers to and from the airport. However, the Debtor's challenge leading up to the bankruptcy involved the specific conditions at the Newark Airport, due to runway and tower problems that lead to a reduction in plane traffic and cutting flights by approximately 1/3. In addition, the completion of the new terminal A. The Debtor is unable to find drivers to operate all Its medallions, which has led to overhead costs of maintaining the insurance, medallions and parking that are not offset by income. Therefore, the Debtor seeks the cooperation of the secured creditor in order to cut these overhead costs by liquidating the non-operating medallions. The Debtor's plan will cram down the value of the secured loan on the taxi medallions to its present value of $30,000, as well as, immediately liquidate any non-operating medallions or medallions whose driver is not producing a positive cash flow. A portion, $3,500 per medallion, from the sale of the non-operating medallions will fund the administrative costs of the plan and related sale expenses. Class 2 consists of General Unsecured Convenience Claims. This Class shall receive $100 a month for 36 months. This Class is impaired. Sole equity member Mohammad Khalil, will retain 100% ownership. The Plan proposes to make payments and to a private sale of the Debtor's taxi medallion. Sale will be private, advertised online and by word of mouth. On Confirmation of the Plan, all property of the Debtor, tangible and intangible, including, without limitation, licenses, furniture, fixtures and equipment, will revert, free and clear of all Claims and Equitable Interests except as provided in the Plan, to the Debtor. The Debtor expects to have sufficient cash on hand to make the payments required on the Effective Date. A full-text copy of the Plan of Reorganization dated December 30, 2025 is available at https://urlcurt.com/u?l=FLD7jh from PacerMonitor.com at no charge. Counsel to the Debtor: Jenee K. Ciccarelli, Esq. LAW OFFICES OF WENARSKY & GOLDSTEIN, LLC 410 Route 10 West, Suite 214 Ledgewood, NJ 07852 Telephone: (973) 927-5100 Facsimile: (973) 927-5252 E-mail: jenee@wg-attorneys.com About 3 Boys Express LLC 3 Boys Express, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-20170) on September 29, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Mark Edward Hall presides over the case. Jenee K. Ciccarelli, Esq., at Wenarsky and Goldstein, LLC, is the Debtor's legal counsel. 4 POINTS: Gets Final OK to Use Cash Collateral ---------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware entered a final order authorizing 4 Points Towing & Roadside Service LLC to use cash collateral in its Subchapter V Chapter 11 case. The Debtor is authorized to use cash collateral in accordance with a court-approved budget, subject to a 15% variance. The Court concluded that the Debtor's proposed use of funds reflects sound business judgment, is fair and reasonable, and provides reasonably equivalent value to the estate. As adequate protection, secured creditors—including Newtek—are granted fully perfected replacement liens on substantially all post-petition assets of the Debtor, excluding Chapter 5 avoidance actions. These replacement liens maintain the same validity and priority as prepetition liens and are subject to a carve-out capped at $95,000 for court costs, U.S. Trustee fees, professional fees, and Subchapter V trustee expenses. The Debtor must also make monthly adequate protection payments of $2,264.55 to Newtek. The order is immediately effective and remains binding notwithstanding plan confirmation, conversion, or dismissal of the case. All liens granted are deemed perfected without further filings, though creditors may record documents if desired. The Court retains jurisdiction to interpret and enforce the order, which permanently resolves the Debtor's authority to use cash collateral during the reorganization. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/LNIlb from PacerMonitor.com. About 4 Points Towing & Roadside Service LLC 4 Points Towing & Roadside Service LLC provides towing and roadside assistance services across Kent County and surrounding areas in Delaware and Maryland, offering local and long-distance transport for cars, trucks, exotic and classic vehicles, and low-clearance automobiles. The Company also handles light equipment hauling in Dover and along US-13 and DE-1 in Harrington, Milford, and Central Delaware. It operates as a family-owned and locally managed business. 4 Points Towing & Roadside Service LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11491) on August 8, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtor is represented by Adam Hiller, Esq., at Hiller Law, LLC. 7 AT BLUE LAGOON: Hires Trustee Realty Inc as Real Estate Broker ---------------------------------------------------------------- 7 at Blue Lagoon (1), LLC and affiliate seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Trustee Realty Inc. as real estate broker. The firm will market and sell the Debtor's property located at 4865 NW 7th Street, Miami, FL 33126. The firm will earn a commission of 1.5 percent which is customary for this kind of sale, subject to being split with a broker for a buyer. Reduced to 1 percent if no buyers broker. Trustee Realty Inc. holds no interest adverse to Debtor or its bankruptcy estate and meets the requirements for employment under 11 U.S.C. Secs. 101(14) and 327(a), according to court filings. The firm can be reached through: Jason Welt Trustee Realty Inc 2200 North Commerce Parkway, Suite 200 Weston, FL 33326 Email: jw@jweltpa.com Phone: (954) 803-0790 About 7 at Blue Lagoon (1), LLC 7 at Blue Lagoon (1) LLC is a limited liability company. 7 at Blue Lagoon (1) LLC and affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21286) on September 26, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. The Debtors are represented by Joel M. Aresty, Esq. of Joel M. Aresty, P.A. A.M. DISTILLERY: James Coutinho Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed James Coutinho of Allen Stovall Neuman & Ashton, LLP, as Subchapter V trustee for A.M. Scott Distillery, LLC. Mr. Coutinho will be paid an hourly fee of $385 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Coutinho declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James A. Coutinho Allen Stovall Neuman & Ashton LLP 10 W. Broad St., Ste. 2400 Columbus, OH 43215 Telephone: (614) 221-8500 Email: coutinho@asnalaw.com About A.M. Scott Distillery LLC A.M. Scott Distillery, LLC, a company in Dayton, Ohio, produces handcrafted spirits including bourbon, rye, vodka, and gin, offering small-batch and single-barrel selections as well as specialty collections. It operates in the alcoholic beverages and craft distilling industry, with production and administrative operations in Dayton and a retail and tasting presence in Troy, Ohio. A.M. Scott Distillery filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-32562) on December 22, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Tyson A. Crist presides over the case. Ira H. Thomsen, Esq., represents the Debtor as legal counsel. A.Z.N. REALTY: Seeks to Use Cash Collateral ------------------------------------------- A.Z.N. Realty LLC asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection, in accordance with its agreement with Flushing Bank. The Debtor, a New York limited liability company, holds real estate at 13 E. 37th Street, New York, which serves as collateral for a mortgage note originally valued at $6,800,000 and totaling $9,070,175 in unpaid debt as of the Petition Date. The Bank holds a valid, perfected first-lien security interest in all income and rents from the Premises, constituting cash collateral under 11 U.S.C. section 363(a). The Stipulation resolves the Debtor's request to use the cash collateral while providing the Bank adequate protection for any diminution in value of its prepetition security. Under the terms, the Debtor may use cash collateral only for ordinary and necessary post-petition operating expenses specified in an attached monthly budget, with any expenditures exceeding 10% requiring prior written consent from the Bank or, if disputed, Court resolution. The Debtor is prohibited from paying administrative expenses, capital improvements, or management salaries from the cash collateral without Bank approval. Emergency expenditures up to $5,000 per month are allowed with timely notification. The Debtor must maintain insurance, pay taxes, and segregate cash collateral in dedicated accounts. Adequate protection payments to the Bank include $150,000 for the period through November 30, 2025, with subsequent monthly payments of $22,000 through June 30, 2026, plus $5,000 monthly to reimburse prior unauthorized payments. The Bank retains rights to inspect the Collateral, request financial information, and charge interest, fees, and costs under the loan documents. Consent to cash collateral use terminates immediately upon breach of obligations or certain other events, including conversion to Chapter 7, dismissal, appointment of a trustee, or other senior liens. A copy of the proposed stipulation and order is available at https://urlcurt.com/u?l=HY2fXU from PacerMonitor.com. About A.Z.N. Realty LLC A.Z.N. Realty LLC owns a commercial office building located at 13 East 37th Street in New York, NY. The Property is improved by an eight story building, occupied by a Chinese restaurant on the ground floor, with eight other tenants occupying various spaces and three currently vacant. A.Z.N. Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42314) on May 13, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Kevin Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP. Flushing Bank, as lender, is represented by Frank Dell'Amore, Esq. at Jaspan Schlesinger Narendran, LLP. ADVANCED REHABILITATION: Cash Collateral Hearing Set for Jan. 7 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, is set to hold a hearing on January 7 to consider another extension of Advanced Rehabilitation Clinics, Inc.'s authority to use cash collateral. The Debtor's authority to utilize cash collateral under the court's second interim order expires on January 8. The order entered on December 19 last year approved the payment of the Debtor's expenses from the cash collateral in accordance with its budget and granted Village Bank and Trust a replacement lien on all post-petition property that is similar to its pre-bankruptcy collateral. The second interim order also approved the monthly payment of $2,300 to Village Bank and Trust as additional protection. Village Bank and Trust is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com About Advanced Rehabilitation Clinics Inc. Advanced Rehabilitation Clinics, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-16498) on October 27, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Ira Bodenstein serves as Subchapter V trustee. Penelope N. Bach, Esq., at Bach Law Offices represents the Debtor as bankruptcy counsel. ADWOA BEAUTY: Final Cash Collateral Hearing Set for Jan. 7 ---------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, is set to hold a hearing on January 7 to consider final approval of Adwoa Beauty, LLC's motion to use cash collateral. The Debtor's authority to utilize cash collateral under the court's previous interim order expires on January 7. The interim order approved the payment of the Debtor's expenses from the cash collateral in accordance with the budget it filed with the court. The interim order granted the Debtor's secured lenders replacement liens on substantially all pre-bankruptcy and post-petition assets, excluding avoidance actions, with the same priority as their pre-bankruptcy liens. The Debtor identified two secured lenders -- the U.S. Small Business Administration and Aurous Financial Svcs, LLC -- each holding liens on substantially all of its assets. Aurous Financial Svcs, as secured creditor, is represented by: Vincent J. Roldan, Esq. Mandelbaum Barrett, PC 3 Becker Farm Road, Suite 105 Roseland, NJ 07068 Phone: (973) 974-9815 vroldan@mblawfirm.com -and- Trey A. Monsour, Esq. Fox Rothschild, LLP 2501 N. Harwood St., Suite 1800 Dallas, TX 75201 Phone: (214) 231-5796 tmonsour@foxrothschild.com About Adwoa Beauty LLC Adwoa Beauty, LLC, doing business as Adwoa Beauty, develops and sells hair-care products for textured hair from Dallas, Texas. It uses natural ingredients designed for curls, coils, and waves. Founded in 2017 and led by Julian Addo, Adwoa Beauty operates in the personal care and cosmetics industry. Adwoa Beauty sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-44261) on October 31, 2025. In the petition signed by Julian Addo, managing member, the Debtor disclosed $2,184,143 in assets and $6,192,343 in liabilities. Judge Mark X. Mullin oversees the case. Robert T. DeMarco, Esq., at DeMarco Mitchell, PLLC, represents the Debtor as legal counsel. AG RECYCLING: Gets Second Interim Approval to Use Cash Collateral ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Illinois entered a second interim order authorizing AG Recycling, Inc. and its affiliates to use cash collateral. The secured creditors in this case are PNC Bank, St. Louis Bank, and the U.S. Small Business Administration, each holding liens on the Debtors' assets. PNC holds a first-position lien on Carbonox's assets, including equipment, inventory, and accounts receivable. STLB is the junior secured creditor for both Carbonox and Eco Recycling, Inc., with several loan agreements and promissory notes extending over various amounts. The SBA holds senior secured positions for both Eco Recycling, Inc. and AG Recycling, Inc., each with their own specific promissory notes, amounts owed, and collateralized assets. The Debtors are permitted to use cash collateral strictly in accordance with a court-approved budget, subject to line-item variances of no more than 10% without lender consent. They must provide detailed weekly financial and operational reports, and lenders are granted inspection rights. As adequate protection, STLB is to receive a $40,000 post-petition interest payment by January 9, 2026, replacement liens on post-petition collateral (excluding avoidance actions), continued insurance coverage, and compliance with all loan document obligations. The Order also permits a modification of a deed of trust to increase the maximum lien amount on certain real property, subject to objection. The cash collateral authorization is effective from December 17, 2025 through January 23, 2026, with a further hearing scheduled for January 22, 2026. The Order defines multiple events of default that would terminate the Debtors' authority to use cash collateral, including failure to make adequate protection payments or provide required reports. Objections to the continued use of cash collateral must be filed by January 15, 2026. About AG Recycling, Inc. AG Recycling, Inc. is a recycling and aggregate materials company based in Mascoutah, Illinois, engaged in processing concrete, asphalt, and soil for reuse in construction and infrastructure projects. The Company provides mobile crushing, materials recovery, and related recycling services across Illinois. It is affiliated with Surmeier Holdings LLC, Surmeier Holdings Gregan LLC, Carbonox Incorporated, and Eco Recycling, Inc. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Lead Case No. 25-30862) on November 9, 2025. In the petition signed by Timothy L. Surmeier, president and manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Mary E. Lopinot oversees the case. Spencer Desai, Esq. at THE DESAI LAW FIRM, represents the Debtor as legal counsel. AKTIVATE INC: Gerard Luckman Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 2 appointed Gerard Luckman, Esq., at Forchelli Deegan Terrana, LLP as Subchapter V trustee for Aktivate, Inc. Mr. Luckman will be paid an hourly fee of $725 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Luckman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gerard R. Luckman, Esq. Forchelli Deegan Terrana, LLP 333 Earle Ovington Blvd., Suite 1010 Uniondale, NY 11553 Tel: (516) 812-6291 Email: gluckman@ForchelliLaw.com About Aktivate Inc. Aktivate, Inc., doing business as FamX, provides a sports and activities management platform primarily for K-12 schools and athletic programs in the United States, offering tools for registration, scheduling, communications, fundraising, and fee collection, and digital management of coach certifications and athlete records. Aktivate filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. Case No. 25-46069) on December 19, 2025. In its petition, the Debtor reported assets of $1 million to $10 million and liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Ian Braunstein, Esq., at Iemer & Braunstein, LLP. ALL AMERICAN: Gets OK to Use Cash Collateral -------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order authorizing All American Holdings LLC, and its affiliates to use cash collateral. The cash collateral consists of $300,000 in escrowed sale proceeds from the prior court-approved sale of real property owned by Alfred O. Bonati. The Court authorized the Debtors to use these escrowed funds to make adequate protection payments and to cover necessary administrative expenses to preserve the estates. Specifically, the Debtors may disburse $150,000 to Kathy B. Scott, reducing her senior secured claim, and $50,000 to Lawrence A. LaValley, reducing his junior secured claim. Both creditors consented to the use of cash collateral, and the Court found these payments constitute adequate protection under the Bankruptcy Code. About All American Holdings LLC All American Holdings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02066) on April 1, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. The Debtor is represented by Harry E. Riedel, Esq. at STICHTER, RIEDEL, BLAIN & POSTLER, P.A. ALLIANCE HOME: Seeks Subchapter V Bankruptcy in California ---------------------------------------------------------- Alliance Home Health & Hospice, LLC, filed a voluntary Chapter 11 bankruptcy petition on January 1, 2026, in the U.S. Bankruptcy Court for the Eastern District of California. Court documents indicate the debtor carries $1,822,524 in debt and lists between 1 and 49 creditors. About Alliance Home Health & Hospice, LLC Alliance Home Health & Hospice, LLC provides home health and hospice care services, including skilled nursing, wound and diabetic care, therapy services, medical social work, and home health aide support for patients receiving care in their homes. The Company is based in Daly City, California, and serves San Francisco and surrounding areas. It develops and delivers individualized home health care services in coordination with patients and healthcare providers. On January 1, 2026, Alliance Home Health & Hospice, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-20001). The filing reports total assets of $234,526 and total liabilities of $1,822,524. The case is assigned to Bankruptcy Judge Christopher D. Jaime. The debtor is represented by Arasto Farsad, Esq., of Farsad Law Office, P.C. ALPHA 4: Seeks Chapter 11 Bankruptcy in Florida ----------------------------------------------- On December 30, 2025, Alpha 4, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Alpha 4, LLC Alpha 4, LLC is a limited liability company. Alpha 4, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25412) on December 30, 2025. In its petition, the debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Corali Lopez-Castro handles the case. The debtor is represented by Mark S. Roher, Esq., of the Law Office of Mark S. Roher, P.A. AMERICAN SIGNATURE: Shuts Down North Carolina Furniture Facility ---------------------------------------------------------------- Thomas Lester of Furniture Today reports that American Signature Inc. is closing a North Carolina furniture manufacturing facility, resulting in significant job losses, local media reported. Workers were notified of the layoffs on December 29, 2025 and about 300 positions are expected to be eliminated. The Kroehler factory is owned by American Signature, which sought Chapter 11 protection in Delaware in November. The factory shutdown adds to a broader restructuring that includes the closure of the company’s Columbus, Ohio headquarters and 33 retail locations under its American Signature Furniture and Value City Furniture banners, the report states. About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature and eight of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12105 (JKS) on November 22, 2025. In their petition, the Debtors estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Rudy Morando as chief restructuring officer. Judge J. Kate Stickles presides over the cases. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP, represent the Debtors as legal counsel. Berkeley Research Group, LLC serves as restructuring advisor to the Debtors, SSG Capital Advisors LLC serves as investment banker, and Kurtzman Carson Consultants LLC dba Verbita Global is claims and noticing agent to the Debtors. AMERIGO METAL: Unsecureds Will Get 34% of Claims over 60 Months --------------------------------------------------------------- Amerigo Metal Recycling, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Disclosure Statement for Plan of Reorganization dated December 30, 2025. The Debtor owns and operates a ferrous and non-ferrous metal shredding and recycling facility in Lake City, Georgia on property it leases (the "Facility") from CamTren Holdings, LLC located at 1340 Forest Parkway, Lake City, Georgia (the "Property"). The Debtor leases the Property owned by CamTren (the "CamTren Lease") and the monthly CamTren Lease payments total $6,618.43. Under the terms of the Final Order Authorizing Debtor to Use Cash Collateral and Granting Adequate Protection, Debtor pays CamTren’s two secured creditors directly rather paying CamTren the lease payment. Cadence Bank receives a monthly loan payment of $3,505.70 from Debtor. Capital Partners Certified Development Company ("CPC") receives a monthly loan payment of $3,112.73 from Debtor. During the first week of February 2024, Debtor's electrical contractor, Scarbrough, made a site visit to verify that all materials were in hand to conduct the termination between the transformer and the VFD. Then in 2024, two events occurred that caused Debtor to lose approximately $1,250,000 in net operating income, incur $225,000 in repair costs, and incur $600,000 in additional electricity costs. The loss and increased costs created a landslide that prevented Debtor from fully meeting its loan obligations to First Horizon and with sufficient cashflow to operate the Business. The Debtor looked to merchant cash advance companies ("MCAs") for intermediate financial assistance. The use of MCAs as a source of funding negatively impacted Debtor's already impaired cash flow which prevented Debtor from purchasing materials to recycle. The continued depletion of Debtor's bank accounts by the MCAs and FH's threat of foreclosure left Debtor with no choice but to file the bankruptcy case. The Plan is a comprehensive resolution of all potential claims against Debtor. The Plan provides for the treatment of all secured, priority, unsecured claims, administrative claims, and retention of equity interests of Debtor. Class 6 consists of the General Unsecured Creditor Convenience Class which includes the Allowed Claims of General Unsecured Creditors $1,000 or less who provided goods and services to Debtor. These claims total $11,749. They shall be paid in full seven days after the Effective Date. Debtor and Reorganized Debtor reserve the right to object to any Claim. Nothing herein shall constitute an admission as to the nature, validity, or amount of the claim. Class 6 is Impaired and is entitled to vote on the Plan. Class 7 consists of the General Unsecured Creditors Allowed Claims that will receive approximately thirty-four percent of their claims on a Pro Rata Basis over sixty months from Debtor's projected disposal net income for 5 years beginning on the Effective Date of the Plan. The projected disposal net income over the course of 5 years is estimated to be $1,972,691. Debtor estimates, but does not warrant, that the General Unsecured Claims total approximately $5,742,485. The Debtor and Reorganized Debtor reserve the right to object to any Claim. Nothing herein shall constitute an admission as to the nature, validity, or amount of the claim. Class 7 is Impaired and is entitled to vote on the Plan. Class 8 consists of the Unsecured Claims of BizFund, LLC, IOU Central, Unique Funding, and Small Business Solutions. These creditors are the MCAs who purportedly purchased Debtor's accounts receivable in 2024 and 2025, respectively. At the time of these purchases, Debtor's account receivables were wholly encumbered by First Horizon and the SBA. There were no accounts receivable to purchase from Debtor at the time the MCAs paid money to Debtor. As a result, the Class 8 Claims are unsecured. They will receive a credit against the amount of the preference payments each of them owes Debtor. Any remaining unsecured claim shall be paid on a Pro Rata Basis with the Class 7 General Unsecured Creditors. BizFund, LLC received $52,500 in preference payments. Its Pro Rata Share of a Class 7 Distribution will be reduced by the preference payments. IOU Central received $41,659.28 in preference payments. Its Pro Rata Share of a Class 7 Distribution will be reduced by the preference payments. Unique Funding received $68,291.74 in preference payments. Its Pro Rata Share of a Class 7 Distribution will be reduced by the preference payments. Small Business Solutions received $50,584.56 in preference payments. Its Pro Rata Share of a Class 7 Distribution will be reduced by the preference payments. On the Effective Date of the Plan, Cammllarie, IQAP, Inc., and Cooper will be the members of Debtor. Each shall retain their respective member interests in Debtor as of the Effective Date: Cammllarie (50%), IQAP, Inc. (32%), and Cooper (18%). Cammllarie receives gross annual income from Debtor in the amount of $150,000. Cammllarie sold 32% of his member interest to IQAP, Inc. but did not retain any of the Purchase Proceeds. Cammllarie contributed the Purchase Proceeds to Debtor to fund installation of the Copper Line to increase revenue to pay Allowed Claims under the Plan. Cammllarie also is the personal guarantor of the FH Loan and the SBA Loan. Cooper has provided operating capital loans to Debtor. IQAP, Inc. paid $2,000,000 for the purchase of an 18%-member interest in Debtor for funding of the Copper Line. Distributions and payments under the Plan shall be paid from Debtor's revenue. Debtor's projected August 2026 through December 2030 monthly income and expenses are set forth in the Plan budget attached hereto as Exhibit C (the "Budget"). A full-text copy of the Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=0IOjaK from PacerMonitor.com at no charge. Amerigo Metal Recycling, LLC is represented by: Ceci Christy, Esq. ROUNTREE LEITMAN KLEIN & GEER, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: cchristy@rlkglaw.com About Amerigo Metal Recycling Amerigo Metal Recycling, LLC operates a metal recycling business. Amerigo sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-57425) on July 1, 2025, listing up to $50,000 in assets and up to $50 million in liabilities. Jeffrey H. Cammllarie, manager, signed the petition. The Debtor tapped William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC as counsel, and Elite Tax Preparers as tax preparer. ANDERSON HAY: Gets Interim OK to Use Cash Collateral Until Feb. 7 ----------------------------------------------------------------- Anderson Hay Enterprise, Inc. and its affiliates received second interim approval from the U.S. Bankruptcy Court for the Eastern District of Washington to use cash collateral to fund operations. The court authorized the Debtors to use cash collateral through February 7, 2026 pursuant to their budget. Any payments made under that budget will be free and clear of the liens held by secured creditors, PGIM Real Estate Finance, LLC and AgWest Farm Credit, PCA. As adequate protection, the secured creditors will be granted replacement liens on the Debtors' assets similar to their pre-bankruptcy collateral and acquired after the Debtors' Chapter 11 filing, subject to the fee carveout. The replacement liens will have the same priority, validity and extent as the secured creditors' pre-bankruptcy liens. These liens do not apply to claims or recoveries arising under sections 542 to 553 of the Bankruptcy Code. In case the replacement liens prove inadequate, the secured creditors will retain their rights under section 507(b) of the Bankruptcy Code. The next hearing is scheduled for February 4, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/cX10a from PacerMonitor.com. The Debtors have a complex secured financing structure, including AgWest's $25 million revolving note, additional term notes, and extensive security interests in machinery, equipment, crops, inventory, receivables, and valuable real property in Washington. PGIM similarly holds liens securing two loans totaling over $15 million, collateralized by real estate in Washington and Oregon. The Debtors also note agricultural liens arising under state law and UCC-perfected equipment liens held by various parties. AgWest, as secured creditor, is represented by: Daniel T. Hagen, Esq. Cairncross & Hempelmann, P.S. 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 dhagen@cairncross.com About Anderson Hay Enterprise Inc. Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on November 26, 2025. In the petition signed by Steve Gordon, CFO, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the case. James L. Day, Esq., at Bush Kornfeld LLP, represents the Debtor as legal counsel. ANGLIN CONSULTING: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Anglin Consulting Group, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Columbia to use cash collateral to fund operations. The court order authorized the Debtor's interim use of cash collateral for the period from January 1, 2026 through and including February 28, 2026, for ordinary business purposes in line with its budget. The U.S. Small Business Administration asserts a secured claim of approximately $400,000, backed by a term loan and UCC-1 financing statement. It claims a security interest in the Debtor's cash and payment rights, which are recognized as cash collateral under Bankruptcy Code Section 363(a). As adequate protection, the SBA was granted replacement liens on all post-petition assets to the same extent and priority as its pre-petition collateral. The use of cash collateral is strictly conditioned upon the terms of the order, and the Debtor is barred from using it outside those terms. The court also ruled that the protections and liens granted would survive confirmation of any plan, conversion to Chapter 7, or dismissal of the case. A continued interim hearing is scheduled for February 25, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/pV11I from PacerMonitor.com. About Anglin Consulting Group Inc. Anglin Consulting Group Inc. is a professional services firm specializing in management consulting, financial and healthcare solutions, and operational support for public and private organizations. The Company provides certified American Sign Language (ASL) interpretation services, ensuring accessibility and effective communication for clients who are deaf or hard of hearing. Anglin serves a diverse client base including federal, state, and local government agencies, commercial businesses, and non-profits, leveraging its SBA 8(a), Economically Disadvantaged Woman-Owned, Service-Disabled Veteran-Owned, and HUBZone certifications to deliver comprehensive, inclusive solutions. Anglin Consulting Group Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 25-00328) on August 11, 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 Justin P. Fasano, Esq. at McNamee Hosea, P.A. ANNALEE DOLLS: Court Extends Cash Collateral Access to Jan. 31 -------------------------------------------------------------- Annalee Dolls, LLC received a one-month 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 January 1 to 31 and authorized the Debtor to use up to $722,655.06 in cash collateral to pay the expenses set forth in its budget. During this interim period, the Debtor may use cash collateral in which Customers Bank and Burr Ridge Advisors, LLC hold first-priority security interests, subject to the DIP financing orders. The court authorized certain specific expenditures, including a $750 year-end bonus to identified non-insider employees and a $16,875 DIP financing extension fee due to Burr Ridge Advisors. The Debtor projects total operational expenses of $682,695.06 for January. As protection for Customers Bank and other lienholders, the Debtor was ordered to grant the lienholders replacement liens, with the same priority, validity and enforceability as their pre-bankruptcy liens; and to maintain insurance policies, naming the lienholders as mortgagees or loss payees. In addition, Customers Bank will receive a $20,000 adequate protection payment for January. The Debtor must file a further application for continued cash collateral use by January 14, including an updated budget and reconciliation of actual versus projected expenses. The next hearing is scheduled for January 28. Objections are due by January 23. Burr Ridge Advisors, LLC, as lender, is represented by: Joseph A. Foster, Esq. McLane Middleton, Professional Association 900 Elm Street, Box 326 Manchester, NH 03105 Phone: (603) 625-6464 Fax: (603) 625-5650 joseph.foster@mclane.com 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., at William S. Gannon, PLLC. ARCADIA BIOSCIENCES: Elects 3 Class I Directors at Annual Meeting ----------------------------------------------------------------- Arcadia Biosciences, Inc. convened its Annual Meeting of Stockholders. At the annual meeting, stockholders holding and entitled to vote 703,677 shares of common stock of the Company, or approximately 51% of the total outstanding shares of common stock on the record date for the Annual Meeting, were present in person or by proxy. At the Annual Meeting, the stockholders voted on the following three proposals, each of which is described in detail in the definitive proxy statement filed with the Securities and Exchange Commission on November 19, 2025. The final results for each of the matters considered at the Annual Meeting were as follows: PROPOSAL I: Election of Directors The director nominees were elected to serve as a Class I directors until the Company's annual meeting of stockholders in 2028, or until their successors are duly elected and qualified, or their earlier resignation, death, or removal. Due to plurality election, votes could only be cast in favor of or withheld from the nominees and thus votes against were not applicable. The results of the election were as follows: 1. Albert Bolles, Ph.D. * For: 79,563 * Withheld: 64,287 * Broker Non-Votes: 559,827 2. Kevin Comcowich * For: 78,305 * Withheld: 65,545 * Broker Non-Votes: 559,827 3. Thomas J. Schaefer * For: 79,563 * Withheld: 64,287 * Broker Non-Votes: 559,827 PROPOSAL II: Advisory Vote on Executive Compensation The Company's stockholders approved, on an advisory basis, the compensation paid to the Company's named executive officers by the votes: * For: 72,445 * Against: 70,865 * Abstain: 540 * Broker Non-Votes: 559,827 PROPOSAL III: Ratification of Selection of Independent Registered Public Accountants The appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for the year ending December 31, 2025, was ratified by the affirmative votes of the stockholders. There were no broker non-votes on this proposal. The results of the ratification were as follows: * For: 697,730 * Against: 4,574 * Abstain: 1,372 About Arcadia Biosciences Inc. Headquartered in Dallas, Texas, Arcadia Biosciences Inc. is a producer and marketer of innovative, plant-based health and wellness products. Since its inception in 2002, it has worked on creating next-generation wellness products, particularly by enhancing wheat with unique nutritional profiles, including increased fiber, improved protein quality, fewer calories, reduced gluten, and extended shelf stability. Their portfolio also includes Zola Coconut Water, a hydrating beverage that is Non-GMO, low in calories, and rich in electrolytes. The Company collaborates with food manufacturers to create healthier wheat-based products. In its report dated March 25, 2025, the Company's auditor, Deloitte & Touche LLP, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company's accumulated deficit, recurring net losses, and net cash used in operations raise substantial doubt about the Company's ability to continue as a going concern. Additionally, the auditor noted that the Company's resources would not be sufficient to meet its anticipated cash requirements. As of September 30, 2025, the Company had $8.6 million in total assets, $3.1 million in total liabilities, and $5.4 million in total stockholders' equity. ARTIST & CRAFTSMAN: Seeks Chapter 11 Bankruptcy in Maine -------------------------------------------------------- Daniel Miller of Fox5 reports that Artist & Craftsman Supply announced that it has filed for Chapter 11 bankruptcy, saying the Maine-based art retailer is seeking to restructure its liabilities while continuing operations. The company disclosed that it voluntarily initiated the filing amid mounting financial pressures in a highly competitive retail environment. In an Instagram post, Artist & Craftsman Supply said the Chapter 11 process took effect on Dec. 21, 2025, and is intended to stabilize and strengthen the business. The retailer cited higher real estate leasing costs and softer consumer spending in 2025, noting that bankruptcy protection will allow it to keep serving customers while positioning the company for long-term success. About Artist & Craftsman Supply Artstock, doing business as Artist & Craftsman Supply, is among the largest independent art supply retailers in the U.S., selling canvases, paints and drawing materials. According to its website, the company operates multiple stores across 11 states, including California, Maine, New York, Pennsylvania and Washington. Artist & Craftsman Supply sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Maine Case No. 25-20305) on December 21, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Peter G. Cary handles the case. The Debtor is represented by Sam Anderson, Esq. of BERNSTEIN SHUR SAWYER & NELSON, P.A. ARTSTOCK: Wins Interim Approval to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the District of Maine entered an interim order authorizing Artstock d/b/a Artist & Craftsman Supply to use cash collateral. The Debtor is permitted to use cash collateral in accordance with a court-approved Budget, subject to an overall cap of 115% of the aggregate budgeted expenditures. The Order acknowledges that timing differences between revenues and expenses may occur. As part of the interim arrangement, the Debtor must make monthly payments to Cambridge Savings Bank consisting of non-default interest under the loan documents and a $1,000 collateral monitoring fee. To protect prepetition lienholders, including Cambridge Savings Bank, the Court granted replacement (adequate protection) liens on all post-petition assets of the Debtor (excluding avoidance action proceeds), maintaining the same priority as existed on the petition date. Any shortfall in adequate protection may give rise to a superpriority administrative expense claim under section 507(b). The Debtor must also provide weekly budget compliance reports, including variance analysis and inventory levels, to allow secured creditors and any committee to closely monitor performance. The Debtor's authority to use cash collateral may terminate upon specified events, including budget violations, dismissal or conversion of the case, appointment of a trustee or examiner, or failure to provide ordered adequate protection. The Order preserves all parties' rights and does not constitute a determination of lien validity or sufficiency of protection. A final hearing on the cash collateral motion is scheduled for January 22, with a proposed final order and any revised budget due by January 15, and objections due by January 20. About Artstock d/b/a Artist & Craftsman Supply Artstock d/b/a Artist & Craftsman Supply sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mai. Case No. 25-20305) on December 23, 2025, with $10,000,001 to $50 million in both assets and laibilities. Judge Hon. Peter G Cary oversees the case. The Debtor is represented by: D. Sam Anderson, Esq. Bernstein Shur Sawyer & Nelson Tel: 207-774-1200 Email: sanderson@bernsteinshur.com Adam R. Prescott, Esq. Bernstein Shur Sawyer & Nelson, PA Tel: 207-228-7145 Email: aprescott@bernsteinshur.com ASPIRA WOMEN'S: Inks $10MM Equity Purchase Deal With Lincoln Park ----------------------------------------------------------------- Aspira Women's Health Inc. entered into a Purchase Agreement with Lincoln Park Capital Fund, LLC, pursuant to which Lincoln Park committed to purchase, at the Company's direction from time to time, up to an aggregate of $10 million of the Company's common stock, par value $0.001 per share, subject to the terms and conditions set forth in the Purchase Agreement. In connection therewith, the Company also entered into a registration rights agreement with Lincoln Park, pursuant to which the Company agreed to file with the U.S. Securities and Exchange Commission a registration statement covering the resale by Lincoln Park of the shares of Common Stock that have been and may be issued and sold to Lincoln Park under the Purchase Agreement, including the commitment shares, and to take such other actions as are reasonably necessary to maintain the effectiveness of such registration statement as provided in the Registration Rights Agreement. Under the terms of the Purchase Agreement, from and after the date on which the conditions to Lincoln Park's purchase obligations have been satisfied, including that the registration statement is declared effective by the SEC and a final prospectus is filed with the SEC, the Company will have the right, but not the obligation, in its sole discretion to direct Lincoln Park to purchase shares of Common Stock from time to time over a period of up to 24 months, for aggregate gross proceeds to the Company of up to $10.0 million, subject to certain limitations contained in the Purchase Agreement. Lincoln Park has no right to require the Company to sell any shares of Common Stock, but Lincoln Park is obligated to make purchases of Common Stock from the Company as directed by the Company in accordance with the Purchase Agreement. From and after the Commencement Date, on any business day on which the closing sale price of the Common Stock is greater than $0.10 per share, the Company may, by written notice, direct Lincoln Park to purchase up to 50,000 shares of Common Stock, which amount may be increased to up to 75,000 shares if the closing sale price is not below $0.50 per share and up to 100,000 shares if the closing sale price is not below $0.75 per share, in each case subject to a maximum dollar amount of $500,000 per Regular Purchase. The purchase price per share for each Regular Purchase will be equal to 95% of the lower of: (i) the lowest sale price of the Common Stock on the applicable purchase date and (ii) the average of the three lowest closing sale prices of the Common Stock during the ten business days immediately preceding the applicable purchase date. Regular Purchases may be effected as frequently as each business day after the close of trading so that the applicable purchase price is fixed and known at the time the Company elects to sell shares to Lincoln Park. In addition, if the Company directs Lincoln Park to purchase the maximum number of shares permitted in a Regular Purchase on an applicable purchase date, then, in addition to such Regular Purchase and subject to the satisfaction of certain conditions and limitations set forth in the Purchase Agreement, the Company may also direct Lincoln Park to purchase additional shares of Common Stock in one or more accelerated purchases on the following business day. The Company may set a minimum price threshold for any Accelerated Purchase in the related notice. For any Accelerated Purchase, Lincoln Park will purchase the lesser of: (i) three times the number of shares purchased in the corresponding Regular Purchase and (ii) 30% of the trading volume on the Accelerated Purchase date, at a purchase price per share equal to the lower of 95% of: (x) the closing sale price on the Accelerated Purchase date and (y) the volume-weighted average price for such date. Subject to satisfaction of the applicable conditions, the Company may direct multiple Accelerated Purchases in a single trading day, provided share deliveries for prior purchases have been completed. The Purchase Agreement contains customary terms, conditions, representations and warranties, and indemnification obligations of the parties. The Company may terminate the Purchase Agreement at any time, for any reason or no reason, upon one business day's prior written notice to Lincoln Park, at no cost or penalty. Following the Commencement Date, upon the occurrence of specified suspension events described in the Purchase Agreement, including, among others, the unavailability of the registration statement for resales, trading suspensions, certain breaches of representations or covenants having or reasonably likely to have a material adverse effect, and certain listing or eligibility events, the Company will not be permitted to direct Lincoln Park to purchase shares until the applicable suspension event is cured or waived; provided that Lincoln Park does not have the right to terminate the Purchase Agreement as a result of any such suspension event. In addition, the Purchase Agreement prohibits the Company from directing Lincoln Park to purchase any shares of Common Stock if such shares, when aggregated with all other shares then beneficially owned by Lincoln Park and its affiliates, would result in Lincoln Park beneficially owning more than 4.99% of the outstanding shares of Common Stock, which beneficial ownership cap may be increased by Lincoln Park to up to 9.99% upon 61 days' prior written notice to the Company. As consideration for Lincoln Park's commitment to purchase shares under the Purchase Agreement, on the date of the Purchase Agreement the Company issued to Lincoln Park shares of Common Stock having an aggregate dollar value equal to 3.0% of the $10.0 million aggregate commitment, with the number of Commitment Shares determined based on the average of the closing sale prices of the Common Stock for the ten consecutive business days prior to the date of the Purchase Agreement. Lincoln Park has agreed that it will not engage in or effect, directly or indirectly, any short sales of or hedging transactions that establish a net short position in the Common Stock at any time. The Agreements do not contain financial or business covenants, limitations on the use of proceeds or rights of first refusal or participation rights. The Purchase Agreement prohibits the Company, subject to limited exceptions, from entering into another equity line of credit or substantially similar arrangement during the 24-month term of the Purchase Agreement; however, the Company may enter into or maintain an at-the-market offering program with a registered broker-dealer. Full text copies of the Purchase Agreement and the Registration Rights Agreement are available at https://tinyurl.com/463r24c3 and https://tinyurl.com/p39ua7mu, respectively. About Aspira Women's Health Formerly known as Vermillion, Inc., Aspira Women's Health Inc. -- http://www.aspirawh.com-- is dedicated to the discovery, development, and commercialization of noninvasive, AI-powered tests to aid in the diagnosis of gynecologic diseases. OvaWatch and Ova1Plus are offered to clinicians as OvaSuiteSM. Together, they provide a comprehensive portfolio of blood tests to aid in the detection of ovarian cancer for the 1.2+ million American women diagnosed with an adnexal mass each year. OvaWatch provides a negative predictive value of 99% and is used to assess ovarian cancer risk for women where initial clinical assessment indicates the mass is indeterminate or benign, and thus surgery may be premature or unnecessary. Ova1Plus is a reflex process of two FDA-cleared tests, Ova1 and Overa, to assess the risk of ovarian malignancy in women planned for surgery. Boston, Massachusetts-based BDO USA, P.C., the Company's auditor since 2012, issued a "going concern" qualification in its report dated March 27, 2025, attached to the Company's Form 10-K Report for the year ended December 31, 2024, citing that the Company has suffered recurring losses from operations and expects to continue to incur substantial losses in the future, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $7.3 million in total assets, $11.6 million in total liabilities, and a total stockholders' deficit of $4.3 million. ASPIRA WOMEN'S: Signs 5-Year Deal With Mayo Clinic -------------------------------------------------- Aspira Women's Health Inc. entered into a Laboratory Services Agreement with Mayo Collaborative Services, Inc., doing business as Mayo Clinic Laboratories. The Agreement is effective as of December 16, 2025. Under the Agreement, Aspira will provide certain reference laboratory testing services to Mayo, specifically the Ova1Plus (Ova1 and Overa) and OvaWatch tests, on a non-exclusive, as-requested basis for clinical purposes. The initial term of the Agreement is five years from the effective date, with automatic one-year renewal terms thereafter, subject to earlier termination by either party for convenience on at least ninety days' prior written notice, or earlier for cause. Mayo will list each Aspira test in Mayo's catalog and will be responsible for facilitating ordering and delivery of results, as well as billing for the applicable tests. Aspira will invoice Mayo for services performed in accordance with the Agreement, with fees remaining fixed during the initial term absent mutual agreement to adjust, subject to certain notice and review rights. The Agreement contains customary representations, covenants, and other provisions for arrangements of this type, including with respect to confidentiality, compliance with healthcare laws (including HIPAA), insurance, indemnification, non-exclusivity, and governing law. The Agreement is not filed herewith as Aspira is still finalizing appropriate redactions of certain information that is immaterial and the type of information that Aspira treats as private or confidential. Aspira will file the Agreement as soon as this process is complete. About Aspira Women's Health Formerly known as Vermillion, Inc., Aspira Women's Health Inc. -- http://www.aspirawh.com-- is dedicated to the discovery, development, and commercialization of noninvasive, AI-powered tests to aid in the diagnosis of gynecologic diseases. OvaWatch and Ova1Plus are offered to clinicians as OvaSuiteSM. Together, they provide a comprehensive portfolio of blood tests to aid in the detection of ovarian cancer for the 1.2+ million American women diagnosed with an adnexal mass each year. OvaWatch provides a negative predictive value of 99% and is used to assess ovarian cancer risk for women where initial clinical assessment indicates the mass is indeterminate or benign, and thus surgery may be premature or unnecessary. Ova1Plus is a reflex process of two FDA-cleared tests, Ova1 and Overa, to assess the risk of ovarian malignancy in women planned for surgery. Boston, Massachusetts-based BDO USA, P.C., the Company's auditor since 2012, issued a "going concern" qualification in its report dated March 27, 2025, attached to the Company's Form 10-K Report for the year ended December 31, 2024, citing that the Company has suffered recurring losses from operations and expects to continue to incur substantial losses in the future, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $7.3 million in total assets, $11.6 million in total liabilities, and a total stockholders' deficit of $4.3 million. AUTOWORX LLC: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Autoworx, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of Alabama to use cash collateral to fund operations. The use of cash collateral is governed by a court-approved budget, with expenditures capped at a 10% variance. The Debtor must provide weekly financial reports detailing sales, receivable collections, inventory purchases, and budget compliance, ensuring ongoing transparency and lender oversight. x SouthState Bank, the Debtor's primary secured lender, holds first-priority liens on substantially all assets, including accounts receivable and inventory, securing obligations exceeding $880,000. As adequate protection, the court granted SouthState replacement liens on post-petition assets and revenues, ensuring its collateral position is maintained as cash collateral is expended. The order imposes strict conditions, including a $5,000 adequate protection payment and cooperation with an expedited inventory inspection by Genuine Parts. The interim authorization remains in effect pending a final hearing on January 13. The order is available at https://is.gd/bWQsT9 from PacerMonitor.com. Autoworx, operating two retail Napa auto parts stores in Foley and Gulf Shores, Alabama, filed for bankruptcy on December 12, 2025, due to delinquent accounts and collection pressures, particularly from SouthState Bank. The Debtor has approximately $65,319.88 in cash on hand and $122,142 in accounts receivable, of which roughly 25% is deemed uncollectable. SouthState Bank claims a secured interest in the Debtor's property, including inventory, totaling approximately $725,000, through UCC financing statements, and the Debtor reserves the right to challenge the validity and extent of these claims. About Autoworx LLC Autoworx, LLC operates an automotive parts retail store in Foley, Alabama, selling replacement parts, accessories, oil and chemicals, tools and equipment, and paint and body supplies for cars and light trucks. The Company does business as a NAPA Auto Parts store, participating in the NAPA Auto Parts distribution network. It serves both professional automotive repair customers and individual vehicle owners in the local market. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala. Case No. 25-13457) on December 12, 2025. In the petition signed by Kristi Jenkins, owner and managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Henry A. Callaway oversees the case. Anthony Brian Bush, Esq., at The Bush Law Firm, LLC, represents the Debtor as bankruptcy counsel. BABA NANAK: Taps Mahler Sotheby's International Realty as Broker ---------------------------------------------------------------- Baba Nanak Hospitality Group Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Wisconsin to hire Mahler Sotheby's International Realty as its real estate agent. The property to be sold is real property with a 31-room limited-service hotel located at 1515 Planeview Dr, Oshkosh, Wisconsin at listing price of $1,990,000 or higher. The firm will render these services: a. identify and evaluate potential buyers that might be interested in purchasing Debtor's assets; b. work with Debtor in the development and distribution to potential buyers of select information, documents, and other materials, including short description of Debtor, a Non-Disclosure Agreement, and a Confidential Information Memorandum; c. engage in preliminary discussions with potential buyers about a potential transaction; d. solicit and assist Debtor in evaluating any letter of intent regarding any potential transaction for a stalking horse buyer, if applicable; e. advise Debtor on the negotiation of any potential transaction and work with Debtor's professional advisors on the structuring of a purchase agreement; and f. facilitate and conduct an auction of Debtor's assets thereof, if applicable. The firm will compensate a realtor with 6 percent commission. As disclosed in a court filing, Mahler Sotheby's International Realty is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael Fitzpatrick Mahler Sotheby's International Realty 250 E. Wisconsin Ave., Suite 1610 Milwaukee, WI, 53202 Mobile: (608) 513-2880 Office: (414) 964-2000 Email: michael.fitzpatrick1@sothebysrealty.com About Baba Nanak Hospitality Group Corp Baba Nanak Hospitality Group Corp filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-25689) on October 7, 2025, listing $1,000,001 to $10 million in both assets and liabilities. Claire Ann Richman, Esq. at Richman & Richman LLC represents the Debtor as counsel. BAYSHORE SUITES: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Bayshore Suites, LLC received fourth and final approval from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral on an final basis. The court's final order authorized the Debtor to utilize its cash collateral to pay the expenses set forth in its budget (plus an amount not to exceed 10% for each line item); and additional amounts subject to approval by secured creditor, SHC-ET Funding VII, LLC. The Debtor's 6-week budget projects total operational expenses of $8,163. SHC-ET will be granted replacement liens on its pre-bankruptcy collateral and all property acquired by the Debtor after its bankruptcy filing that is similar to SHC-ET's pre-bankruptcy collateral. The replacement liens will have the same priority, validity and extent as the pre-bankruptcy liens of SHC-ET. In addition, SHC-ET will be granted a superpriority administrative expense claim and will receive a monthly payment of $27,562.00 per month, including forced place insurance premiums. The Debtor continues to operate its business and manage its property and affairs as a debtor-in-possession. In that capacity, the Debtor uses property which may qualify as cash collateral. As of the petition date, the Debtor's scheduled deposits and prepayments totaled $1,222. However, the Debtor expects it will receive rental income from its real property. About Bayshore Suites LLC Bayshore Suites, LLC owns two properties: one at 3200-3248 Bayshore Dr., Naples, Fla., valued at $4.6 million in liquidation, and another at 2836 Shoreview Dr., Naples, FLa., with a liquidation value of $1 million. Bayshore Suites sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00218) on February 11, 2025. In its petition, the Debtor reported total assets of $5,631,222 and total liabilities of $7,297,236. Judge Caryl E. Delano handles the case. Michael R. Dal Lago, Esq., serves as the Debtor's legal counsel. SHC-ET Funding VII, LLC, as secured creditor, is represented by: Jaime B. Leggett, Esq. Jeremy J. Hart, Esq. Bast Amron, LLP One Southeast Third Avenue, Suite 2410 Miami, FL 33131 Telephone: 305.379.7904 jleggett@bastamron.com jhart@bastamron.com BELLA GREY: Gets Final OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the District of Nevada entered a final order authorizing Bella Grey Medical Spa, LLC to use cash collateral to fund operations. The court authorized the debtor to use cash collateral in an amount not to exceed 125% of each line item set forth in its budget. The Debtor intends to use its cash collateral to continue operating its medical spa in Reno, Nevada. The cash collateral is subject to the security interests of creditors, including Abbvie, Byzfunder, United First, G & G Funding, Paraffin, McKesson Specialty Care Distribution, Finpoint Funding LLC, LCF Group, Inc., and Epic Advance. The Court preserved the Debtor's rights. The Debtor expressly reserves all claims and defenses regarding the validity, priority, or extent of any creditor's asserted interest in the cash collateral, allowing those issues to be litigated later if necessary. About Bella Grey Medical Spa LLC Bella Grey Medical Spa, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-51002) on October 22, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Brian Shapiro serves as Subchapter V trustee. Judge Hilary L. Barnes presides over the case. Kevin A. Darby, Esq., at Darby Law Practice, Ltd. represents the Debtor as bankruptcy counsel. BEVI TUTTO: Seeks to Hire Darby Law Practice as Bankruptcy Counsel ------------------------------------------------------------------ Bevi Tutto, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Darby Law Practice as counsel. The firm will render these services: a. advise Debtor of its rights, powers and duties as a debtor and debtor in possession in the continued operation of business and management of their properties; b. take all necessary action to protect and preserve Debtor's estate; c. prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports and papers in connection with the administration of the Debtor's estate; d. attend meetings and negotiations with the Subchapter 5 trustee, representatives of creditors, equity holders or prospective investors or acquirers and other parties in interest; e. appear before the Court, any appellate courts and the Office of the United States Trustee to protect the interests of the Debtor; f. pursue approval of confirmation of a plan of reorganization and approval of the corresponding solicitation procedures and disclosure statement; and g. perform all other necessary legal services in connection with the Chapter 11 Subchapter 5 case. Presently, the hourly rate for professionals is $550. Darby Law Practice received a retainer fee in the amount of $3,600, including the Chapter 11 filing fee of $1,738. Darby Law Practice is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code as required by Section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached through: Kevin A. Darby, Esq. Darby Law Practice, Ltd. 499 W. Plumb Lane, Suite 202 Reno, NV 89509 Phone: (775) 322-1237 About Bevi Tutto LLC Bevi Tutto, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-51185) on December 16, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Hilary L. Barnes presides over the case. Kevin A. Darby, Esq., at Darby Law Practice, Ltd. represents the Debtor as bankruptcy counsel. BHOLAT INVESTMENT: Seeks Chapter 7 Bankruptcy in Florida -------------------------------------------------------- On December 30, 2025, Bholat Investment Holdings, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Bholat Investment Holdings, LLC Bholat Investment Holdings, LLC is a limited liability company. Bholat Investment Holdings, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09794) on December 30, 2025. In its petition, the debtor reports estimated assets ranging from $100,001 to $1,000,000 and estimated liabilities in the same range. Honorable Caryl E. Delano handles the case. The debtor is represented by Christopher Gerard Frey, Esq., of The Law Office of Christopher G. Frey, Esq. BISHOP OF SACRAMENTO: Seeks to Hire Adapt Real Estate as Broker --------------------------------------------------------------- The Roman Catholic Bishop of Sacramento seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Adapt Real Estate as real estate broker. The firm will market and sell the Debtor's property known as 103 Stageline Court, Vallejo, California, 94591, bearing Assessor's Parcel Number, 0069-384-720. Adapt has agreed to perform the services in return for a commission of three percent of the purchase price. As disclosed in the court filings, Adapt is a "disinterested person" within the meaning of Bankruptcy Code section 101(14), as modified by Bankruptcy Code section 1107(b). The firm can be reached through: Jonathan Ng-Carvajal Adapt Real Estate Ltd. 3433 Broadway Ste B2 American Canyon, CA 94503 Phone: +1 707-342-1991 Email: jonathan@adapt-realestate.com About Roman Catholic Archbishop of San Francisco The Roman Catholic Archbishop of San Francisco filed a Chapter 11 petition (Bankr. N.D. Cal. Case No. 23-30564) on Aug. 21, 2023, with $100 million to $500 million in both assets and liabilities. Judge Dennis Montali oversees the case. The Debtor tapped Felderstein Fitzgerald Willoughby Pascuzzi & Rios, LLP and Sheppard, Mullin, Richter & Hampton LLP as counsel. Weintraub Tobin Chediak Coleman & Grodin as special litigation counsel. Weinstein & Numbers, LLP as special insurance counsel. GlassRatner Advisory & Capital Group LLC d/b/a B. Riley Advisory Services as financial advisor. Omni Agent Solutions, Inc., is the administrative agent. BLOOMING LOTUS: Hires Law Offices of Alla Kachan P.C. as Counsel ---------------------------------------------------------------- Blooming Lotus Inc seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire the Law Offices of Alla Kachan P.C. to serve as counsel. The firm will provide these services: (a) assist Debtor in administering this case; (b) make such motions or taking such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent Debtor in prosecuting adversary proceedings to collect assets of the estate and such other actions as Debtor deem appropriate; (d) take such steps as may be necessary for Debtor to marshal and protect the estate's assets; (e) negotiate with Debtor's creditors in formulating a plan of reorganization for Debtor in this case; (f) draft and prosecute the confirmation of Debtor's plan of reorganization in this case; and (g) render such additional services as Debtor may require in this case. The Law Offices of Alla Kachan P.C. will bill the Debtor at hourly rates of $250 for clerks and paraprofessionals and $550 for attorney time. The Debtor paid an initial retainer of $15,000. According to court filings, the Law Offices of Alla Kachan P.C. does not hold or represent an adverse interest to the estate and is a "disinterested person" within the meaning of the Bankruptcy Code. The firm can be reached at: Alla Kachan, Esq. LAW OFFICES OF ALLA KACHAN P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About Blooming Lotus Inc. Blooming Lotus Inc sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43984) on August 19, 2025, listing $100,001 to $500,000 in both assets and liabilities. Judge Jil Mazer-Marino presides over the case. Alla Kachan, Esq. at Law Offices Of Alla Kachan P.C. serves as the Debtor's counsel. BLOOMING LOTUS: Seeks to Hire Estelle Miller as Accountant ---------------------------------------------------------- Blooming Lotus Inc seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Estelle Miller, a certified public accountant practicing in Bellmore, New York. Ms. Miller will provide these services: (a) gather and verify all pertinent information required to compile and prepare monthly operating reports; (b) prepare, review, and file monthly operating reports for the Debtor during the course of the bankruptcy case. Ms. Miller will bill at a rate of $300 per report. The Debtor has paid an initial retainer of $3,000. Ms. Miller disclosed in a court filing that she is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Estelle Miller Certified Public Accountant 1620 Ocean Ave Suite 1A Brooklyn, NY 11230 Telephone: (347) 570-7002 E-mail: estellemillercpa@gmail.com About Blooming Lotus Inc Blooming Lotus Inc sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43984) on August 19, 2025, listing $100,001 to $500,000 in both assets and liabilities. Judge Jil Mazer-Marino presides over the case. Alla Kachan, Esq. at Law Offices Of Alla Kachan P.C. serves as the Debtor's counsel. BNB PLUS: Posts $15.3MM Loss in FY25; Mitigates Going Concern Doubt ------------------------------------------------------------------- BNB Plus Corp. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended September 30, 2025. The Company has recurring net losses, which have resulted in an accumulated deficit of $379,160,375 as of September 30, 2025. The Company incurred a net loss of $15,349,246 and incurred negative operating cash flow of $12,242,654 for the fiscal year ended September 30, 2025. For the fiscal year ended September 30, 2024, the Company incurred a net loss of $7,088,306 and negative operating cash flow of $13,590,228 Total revenues for the years ended September 30, 2025 and 2024, were $2,136,935 and $2,113,490, respectively. The Company's current capital resources include cash and cash equivalents, and cryptocurrency assets. Historically, the Company has financed its operations principally from the sale of equity and equity-linked securities. Previously, in BNB Plus Corp.'s (formerly reporting as Applied DNA Sciences, Inc.) Annual Report on Form 10-K for the fiscal year ended September 30, 2024, Marcum LLP, the Company's auditor since 2014, issued a "going concern" qualification in its report dated December 17, 2024. The auditor cited that the Company had incurred significant losses and needed to raise additional funds to meet its obligations and sustain its operations. These conditions previously raised substantial doubt about the Company's ability to continue as a going concern. During October 2025, the Company closed the Private Placement of its common stock and/or pre-funded warrants, Series E-1 Warrants, and Series E-2 Warrants. Upon the closing of the Private Placement, the Company received $26.8 million in gross proceeds. The Company also received proceeds from warrants exercised of approximately $732 thousand during October 2025 and is actively implementing its BNB Strategy. As a result of the cash received from the Private Placement and the warrant exercises, the Company has mitigated its previously reported substantial doubt of a going concern The Company estimates that it will have sufficient cash and cash equivalents, as well as liquid cryptocurrency to fund operations for the next 12 months from the date of filing its annual report. A full-text copy of the Company's Form 10-K is available at: https://tinyurl.com/3cr4v5a5 About BNB Plus Corp. BNB Plus Corp. is unlocking institutional-grade access to the Binance ecosystem, delivering non-directional yield strategies and long BNB exposure, powering the future of blockchain through a transparent, actively managed BNB treasury. The Company's differentiated strategy blends sophisticated DeFi yield generation with Binance-native opportunities, unlocking access to high-performance digital assets for investors traditionally excluded from the space. Formally Applied DNA Sciences, Inc., BNB Plus continues to commercialize proprietary nucleic acid production solutions for the biopharmaceutical and diagnostics markets. As of September 30, 2025, the Company had $4,437,441 in total assets, $2,495,748 in total liabilities, and $1,941,693 in total equity. * * * This concludes the Troubled Company Reporter's coverage of BNB Plus Corp. until facts and circumstances, if any, emerge that demonstrate financial or operational strain or difficulty at a level sufficient to warrant renewed coverage. BOSQUE BREWING: Shuts Down Remaining Taprooms After Ch.11 Dismissed ------------------------------------------------------------------- Kirk O'Neil of The Street reports that Bosque Brewing Company, based in New Mexico, is closing all of its taprooms and ceasing operations after a federal bankruptcy judge dismissed the company's Chapter 11 case on December 22, 225 finding the brewer carried too much debt to successfully reorganize, according to local media reports. The dismissal leaves Bosque with limited options, including a potential Chapter 7 liquidation filing if it cannot reach out-of-court agreements with creditors. The ruling brings an abrupt end to the company's efforts to restructure its finances and preserve its taproom network, the report states. Bosque confirmed in a December 26, 2025 website posting that all remaining public houses will shut their doors by 5 p.m. MST on December 28, 2025. The company said the Nob Hill taproom closed on December 26, 2025 with the rest of its locations following two days later, according to report. At its peak, Bosque operated 11 locations throughout New Mexico, though several were closed earlier in December, including sites in Santa Fe and Albuquerque. While Bosque-branded taprooms are disappearing, the company's beer will live on through a brewing arrangement with Marble Brewery, which will continue producing and selling Bosque beers, the report relays. Locations That Closed on December 28, 2025 include: * Bosque North, Bernalillo, N.M. * Bosque Cottonwood Public House, 10250 Cottonwood, Albuquerque * Bosque Heights Public House, 5210 Eubank, Albuquerque * Bosque University Public House, 901 E. University, Las Cruces, N.M * Bosque Telshor Public House, 2102 Telshor Court, Las Cruces, N.M. About Bosque Brewing Co. LLC 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.M. Case No. 25-11236 on October 6, 2025, listing between $1 million and $10 million in assets and liabilities. Gabriel Jensen, managing member and chief executive officer, signed the petition. Judge Robert H. Jacobvitz oversees the case. The Debtor is represented by Chris Gatton, Esq. at Gatton & Associates, P.C. BRADBURY DEODAR: Amends Plan to Include Tzu Chen Yen Secured Claim ------------------------------------------------------------------ Bradbury Deodar LLC submitted a First Amended Disclosure Statement describing Plan of Reorganization dated December 30, 2025. The Debtor's primary asset is the Estate Property commonly known as 188 Deodar Lane, Bradbury, CA 91008 (the "Property"). The Property has been listed for sale for $22,888,000.00 with a pending offer and escrow. Before this case was commenced on June 12, 2025, the Debtor, was in the business of developing real estate. The Debtor filed the present bankruptcy to stop the foreclosure sale initiated by Mega Bank against the Property. The Debtor currently does not generate any income from the Property. Debtor's intention is to sell the Property and pay the creditors. Like in the prior iteration of the Plan, each claimant in Class #2b General Unsecured Claims will be paid 100% of its claim beginning the first relevant date after the Effective Date. The amount each claimant receives depends on the total amount of allowed claims in this class. Pro rata means the entire fund amount divided by the total of all allowed claims in this class. Class 4d consists of the Secured Claim of Tzu Chen Yen. The amount of claim in this Class total $528,611.11. First payment date shall be made upon close of escrow, the total claim based on an updated pay off will be paid in full from the sale proceeds. The Debtor's Plan is premised on the orderly marketing and sale of the Property, with proceeds to be used to satisfy creditor claims. Given the Property's substantial estimated value of approximately $20 million, the sale process may require additional time to identify a qualified purchaser and to negotiate and close a transaction on commercially reasonable terms. Market conditions, buyer financing, and customary due diligence may also impact the timing of the sale. Importantly, however, the Property has significant equity well in excess of secured and administrative claims, providing a substantial equity cushion to secured creditors through the marketing period. This equity cushion mitigates risk associated with timing and ensures that creditors remain adequately protected while the Debtor pursues a value-maximizing sale strategy. The Debtor believes that a deliberate and orderly sale process, rather than a rushed disposition, will enhance value and maximize recoveries for all creditors. Accordingly, while the timing of the sale may vary, the Debtor is confident that the proceeds of the sale will be sufficient to satisfy creditor claims in accordance with the Plan. A full-text copy of the Amended Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=JTZqR6 from PacerMonitor.com at no charge. Counsel to the Debtor: Michael Jay Berger, Esq. Law Offices of Michael Jay Berger 9454 Wilshire Boulevard, 6th Floor Beverly Hills, CA 90212 Telephone: (310) 271-6223 Facsimile: (310) 271-9805 Email: Michael.berger@bankruptcypower.com About Bradbury Deodar LLC Bradbury Deodar LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-14929) on June 12, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Vincent P. Zurzolo handles the case. The Debtor is represented by the Law Offices of Michael Jay Berger. BROOKLYN KEBAB: Hearing Today on Bid to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York is set to hold a hearing today to consider another extension of Brooklyn Kebab House Inc.'s authority to use cash collateral. The Debtor's authority to utilize cash collateral under the court's third interim order expires today. The third interim order authorized the Debtor to use up to $117,825 in cash collateral during the interim period according to its budget. In its order, the court held that Accompany Capital, the creditor holding a lien on all of the Debtor's assets, is adequately protected through replacement liens, monthly cash payments, and other protections equivalent to its pre-bankruptcy rights. About Brooklyn Kebab House Inc. Brooklyn Kebab House, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-44535) on September 22, 2025, listing up to $1 million in both assets and liabilities. Adel Kassim, president of Brooklyn Kebab House, signed the petition. Judge Nancy Hershey Lord oversees the case. Alex E. Tsionis, Esq. and Nico G. Pizzo, Esq., at Rosen, Tsionis & Pizzo, PLLC represent the Debtor as legal counsel. BUCKINGHAM SENIOR: Committee Taps Berkeley as Financial Advisor --------------------------------------------------------------- The official committee of unsecured creditors of Buckingham Senior Living Community, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Berkeley Research Group, LLC as its financial advisor. The firm will render these services: a) develop strategies to maximize recoveries from the Debtors' assets and advise and assist the Committee with such strategies; b) monitor liquidity and cash flows throughout the Cases and scrutinize cash disbursements and capital requirements; c) develop and issue periodic monitoring reports to enable the Committee to effectively evaluate the Debtors' performance relative to projections and any relevant operational issues; d) advise and assist the Committee in its analysis and monitoring of the historical, current and projected financial affairs of the Debtors; e) advise and assist the Committee with respect to any Debtor-in-possession financing arrangements and/or use of cash collateral including evaluation of asserted liens thereon; f) analyze both historical and ongoing intercompany and/or related party transactions and/or material unusual transactions of the Debtors and non-debtor affiliates; g) advise and assist the Committee in its assessment of the Debtors' employee needs and related costs, including any recent (including prepetition) employee bonuses or retention payments and any proposed employee bonuses such as any proposed Key Employee Incentive Plan or Key Employee Retention Plan for the Debtors' insiders and employees, and providing expert testimony related thereto; h) evaluate the Debtors' and non-debtors' business plan/operational restructuring, including the impact of industry trends, customer programs, and their impact to actual and forecasted financial results as well as monitoring the implementation of related strategic initiatives; i) prepare valuations of the Debtors' assets, including the value of equity of any consolidated and/or publicly traded subsidiary; j) advise and assist the Committee in reviewing and evaluating any court motions (including any assumption or rejection motions or objections thereto), applications, or other forms of relief filed or to be filed by the Debtors, or any other parties-in-interest; k) advise and assist the Committee and Counsel in their review of any potential prepetition liens of secured parties; l) advise the Committee with respect to any potential preference payments, fraudulent conveyances, and other potential causes of action that the Debtors' estates may hold against insiders and/or third parties and assist with any investigations related to such matters as required; m) identify and assess the value of unencumbered assets; n) as appropriate and in concert with the Committee's other professionals, analyze and monitor any sale processes and transactions and assess the reasonableness of the process and the consideration received; o) assist with the development and review of a cost/benefit analysis with respect to the assumption or rejection of various executory contracts and leases; p) monitor the Debtors' claims management process, including analyzing guarantees and claims by entity, including preparing related summaries; q) review and provide analysis of any bankruptcy plan and disclosure statement relating to the Debtors including, if applicable, the development and analysis of any bankruptcy plans proposed by the Committee to assess their achievability; r) attend Committee meetings, court hearings, and auctions as may be required; s) work with the Debtors' tax advisors to ensure that any restructuring or sale transaction is structured to minimize tax liabilities to the estate as well as assist with the review of any tax issues associated with, for example, claims/stock trading, preservation of net operating losses, and refunds from any plan of reorganization and/or asset sales; t) work with the Debtors' bankruptcy professionals; and u) provide other services as may be requested from time to time by the Committee and its counsel, consistent with the role of a financial advisor including rendering expert testimony, issuing expert reports and/or preparing for litigation, valuation and/or forensic analyses that have not yet been identified but as may be requested from time to time by the Committee and its Counsel. The current standard hourly rates for BRG Personnel are: Managing Directors $1,140 to $1,395 Associate Directors & Directors $900 to $1,100 Professional Staff $445 to $885 Support Staff $185 to $395 David Galfus $1,395 Haywood Miller $1,250 Jonathan Emerson $1,000 BRG has agreed to a 10 percent discount on its professional fees. David Galfus, a managing director at Berkeley Research Group, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David Galfus Berkeley Research Group, LLC 250 Pehle Avenue, Suite 301 Saddle Brook, NJ 07663 Tel: (201) 587-7117 Cell: (201) 888-6733 Email: dgalfus@thinkbrg.com About Buckingham Senior Living Community Buckingham Senior Living Community, Inc., doing business as The Buckingham, operates a not-for-profit continuing care retirement community (CCRC) in Houston, Texas, offering independent living, assisted living, memory care, skilled nursing, rehabilitation, and respite care. The community spans 23 acres near the Memorial neighborhood and features walking trails, courtyards, gardens, 24-hour security, dining, wellness programs, and other amenities designed to support resident lifestyle and relationships. Established over 20 years ago, The Buckingham provides comprehensive senior living services, allowing residents to transition across care levels as needs evolve. Buckingham Senior Living Community filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80595) on Nov. 17, 2025, listing up to $500 million in both assets and liabilities. Judge Michelle V. Larson presides over the case. The Debtor tapped McDermott Will and Schulte LLP as counsel; Implex Advisors, LLC as financial advisor; and Raymond James & Associates, Inc. as investment banker. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation, and administrative agent. BUILT USA: Seeks to Hire Ford & Semach PA as Bankruptcy Counsel --------------------------------------------------------------- Built USA, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Ford & Semach, PA as counsel. The firm will provide these services: (a) analyze financial situation and render advice and assistance to the Debtor in determining whether to file a petition under Title 11, United States Code; (b) advise the Debtor with regard to the powers and duties in the continued operation of the business and management of the property of the estate; (c) prepare and file the petition, schedules of assets and liabilities, statement of affairs, and other documents required by the Court; (d) represent the Debtor at the Section 341 creditor's meeting; (e) provide legal advice to the Debtor with respect to its powers and duties in the continued operation of the business and management of its property; if appropriate; (f) advise the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (g) prepare necessary legal papers and appear at hearings thereon; (h) protect the interest of the Debtor in all matters pending before the Court; (i) represent the Debtor in negotiation with its creditors in the preparation of the Chapter 11 Plan; and (j) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these hourly rates: Buddy Ford, Attorney $550 Jonathan Semach, Attorney $500 Heather Reel, Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of this case, the Debtor paid an advance fee of $40,000. Mr. Ford disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Buddy D. Ford, Esq. Ford & Semach, PA 9301 West Hillsborough Avenue Tampa, FL 33615 Telephone: (813) 877-4669 Email: All@tampaesq.com About Built USA, LLC Built USA, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09453) on December 16, 2025, listing $100,001 to $500,000 in assets and up to $50,000 in liabilities. Buddy D Ford, Esq. at Ford & Semach, P.A. represents the Debtor as counsel. CANSON LLC: Brian Rothschild Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Brian Rothschild of Parsons Behle & Latimer as Subchapter V trustee for Canson LLC. Mr. Rothschild will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rothschild declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian M. Rothschild PARSONS BEHLE & LATIMER 201 South Main Street, Suite 1800 Salt Lake City, Utah 84111 Telephone: 801.532.1234 Facsimile: 801.536.6111 BRothschild@parsonsbehle.com ECF@parsonsbehle.com About Canson LLC Canson LLC operates in real estate development as a land subdivision company responsible for creating and managing residential lots. It is based in Logan, Utah. Canson filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Utah Case No. 25-27596) on December 16, 2025, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Matt Nielson, managing member, signed the petition. Judge Michael F. Thomson presides over the case. Kent Winward, Esq., at The Bankruptcy Firm represents the Debtor as legal counsel. CAPITAL DISTRICT: Unsecureds to Split $60K over 60 Months --------------------------------------------------------- Capital District Interventional Spine and Rehabilitation, PLLC filed with the U.S. Bankruptcy Court for the Northern District of New York a Small Business Subchapter V Plan dated December 29, 2025. The Debtor is a Professional Limited Liability Company duly formed under the laws of the State of New York, formed on September 24, 2010 under the laws of the State of New York. The Debtor is operated and managed by its Sole and managing Member, Dr. Syed Hasan. The Debtor is a medical practice and health care business with its principal place of business located at Dr. Hasan's corporate condominium, 63 Shaker Road, Suite G04, Albany, NY 12204. The Debtor operates its single brick-and-mortar location and provides post-surgical rehabilitative services to patients dealing with post-surgical pain and related complications. At the time of filing, the Debtor owed no priority unsecured debt and approximately $151,923.90 in general unsecured debts. The Debtor's goal in this reorganization is to: (a) continue ongoing operations; (b) pay its secured creditors the value of their collateral, with interest; and (c) provide a reasonable dividend to its General Unsecured Creditors. The final Plan payment is expected to be paid 60 months from the date of confirmation. Class 3 consists of General Unsecured Creditors. If allowed, shall receive their pro rata share of $60,000.00 with a distribution of no less than 15%. Disputed Claims that have failed to file a claim will receive no distribution. Estimated monthly payment to Class 3 creditors shall be $1,000.00 per month. Equity interest holder Dr. Syed Hasan shall retain 100% of the membership interest in the reorganized debtor. The Plan will be implemented by the Debtor remitting payment to creditors as provided for from the Debtor's cash flow as well as ongoing capital contributions from the Debtor's membership. A full-text copy of the Subchapter V Plan dated December 29, 2025 is available at https://urlcurt.com/u?l=a9rZYu from PacerMonitor.com at no charge. Counsel to the Debtor: Michael L. Boyle, Esq. Boyle Legal, LLC 64 2nd Street Troy NY 12180 Telephone: (518) 407-3121 Email: mike@boylebankruptcy.com About Capital District Interventional Spine and Rehabilitation, PLLC Capital District Interventional Spine and Rehabilitation, PLLC, is a medical practice and health care business. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-11140-1) on Sept. 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, is the Debtor's legal counsel. CAPROCK MILLING: Seeks to Hire VALUE Incorporated as Expert ----------------------------------------------------------- CapRock Milling & Crushing, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire VALUE Incorporated as expert. The firm assist with valuation, financial analyses, damages assessments, expert reports, and testimony in the adversary action against Perdue Agribusiness, Inc. VALUE Incorporated seeks, but has not yet received a retainer in the amount of $15,000. The firm's standard hourly rates currently range from $275 to $550 per hour. VALUE Incorporated holds no interest adverse to Debtor or its bankruptcy estate and meets the requirements for employment under 11 U.S.C. Secs. 101(14) and 327(a), according to court filings. The firm can be reached through: David Fuller VALUE Incorporated 250 Decker Drive, Suite 200 Irving, TX 75062 Direct: (972) 831-7907 Cell: (972) 365-3392 Email: dfuller@valueinc.com About Caprock Milling & Crushing, LLC CapRock Milling & Crushing, LLC of Amarillo, Texas is engaged in the business of grain and oilseed milling. Caprock Milling filed a voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 23-20251) on November 3, 2023, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Thomas Bunkley as member, signed the petition. Mullin Hoard & Brown, L.L.P. serve as the Debtor's legal counsel. CARPENTER HOMES: Section 341(a) Meeting of Creditors on February 4 ------------------------------------------------------------------ On December 29, 2025, Carpenter Homes LLC filed for Chapter 11 protection in the Middle District of Florida. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 100-199 creditors. A meeting of creditors under Section 341(a) to be held on February 4, 2026 at 02:00 PM. U.S. Trustee (Peair) will hold the meeting telephonically. Call in Number:888-330-1716. Passcode: 7645123#. About Carpenter Homes LLC Carpenter Homes LLC, based in Tampa, Florida, develops and constructs residential homes, building Green-certified properties under Florida Green Building Coalition standards with native landscaping, energy-efficient systems, and sustainable power. The Company operates in the real estate development and homebuilding sector, providing residential housing solutions across Florida. Carpenter Homes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-09757) on December 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The Debtor is represented by Amy Denton Mayer, Esq. of Berger Singerman LLP. CCA CONSTRUCTION: Unsecureds Will Get 100% of Claims in Plan ------------------------------------------------------------ CCA Construction, Inc., filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing Chapter 11 Plan dated December 30, 2025. CCA was established in 1993 as a Delaware corporation and is a direct subsidiary of CSCEC Holding Company, Inc. ("CSCEC Holding"), also a Delaware corporation, and an indirect subsidiary of China State Construction Engineering Corp. Ltd. ("CSCEC"), which is traded on the Shanghai Stock Exchange. Currently, the CCA Group focuses on construction activities primarily in the New York and New Jersey metropolitan area, Washington, D.C., the Carolinas, and Texas. CCA directs and provides shared services support to its Non-Debtor Subsidiaries as they deliver projects in the civil, commercial, residential, and public building sectors. Historically, the CCA Group's projects have included hotels, office buildings, residential buildings, hospitals, transit stations, railroad extensions, and bridges. Historically, a significant portion of the CCA Group's revenues were derived from construction contracts awarded by Chinese companies operating in the United States, especially in the real estate development and manufacturing sectors. In recent years, this category of contracts has substantially diminished due to a broader retreat of Chinese firms from the U.S. market, driven by, among other things, changes in geopolitical relations between China and the United States, as well as overseas direct investment policy changes enacted in China in 2017. As the CCA Group's revenue base has declined, its aggregate general and administrative expenses increased as a proportion of revenue. The presence of these fixed costs in the face of declining revenue has caused sustained negative cash flows. With the end of the pandemic, more and more Chinese companies, including those in solar cells, EV components, and traditional manufacturing, are investing in building factories in the United States, driven by high tariffs on Chinese products. As the CCA Group is well-versed in the U.S. construction contracting market and understands the needs of Chinese clients, it now faces potential new market opportunities. As part of its planning for filing for relief under chapter 11, the Debtor secured debtor-in-possession financing from CSCEC Holding (the "DIP Lender") consisting of the DIP Facility in the aggregate principal amount of up to $40.0 million. The financing was provided on a first-lien secured basis and provided for multiple draws of no less than $500,000 each draw as needed by the Debtor (the "DIP Facility"). The DIP Facility provided further that $5,000,000 would be drawn upon the Court's entering an order approving the DIP Facility on an interim basis and $3,000,000 would be drawn upon the Court's entering an order approving the DIP Facility on a final basis. Class 2 consists of General Unsecured Claims. Unless the holder agrees to less favorable treatment, Cash equal to the Allowed amount of the Claim, to be paid on the latest of (a) the Effective Date; (b) 30 days after the date on which the Claim becomes Allowed; or (c) the date when the Claim is due and payable by its terms. The allowed unsecured claims total $489,385,500. This Class will receive a distribution of 100% of their allowed claims. This Class is impaired The Plan provides that the DIP Facility will be amended and restated effective as of the Effective Date resulting in an amended and restated agreement, the Exit Financing Facility, such that the obligations under the Exit Financing Facility will be equal to the obligations outstanding under the DIP Facility on the Effective Date and the borrowers under the Exit Financing Facility will be the Reorganized Debtor and the Purchasing Entity, or such other terms as may be set forth in the Plan Supplement. Each holder of a DIP Claim will receive its pro rata share of the Exit Financing Facility on the Effective Date, in full and complete satisfaction of the DIP Claims pursuant to Section 2.5 of the Plan. The Plan provides that, on the Effective Date, certain of the Debtor's remaining assets, including the Debtor's interests in certain Non-Debtor Subsidiaries, any rights, claims, and causes of action that it may possess, pursuant to section 363 of the Bankruptcy Code, will be transferred to the Purchasing Entity. The Plan further provides that such transfer of the Debtor's assets to the Purchasing Entity will be free and clear of all liens, claims and interests, at the direction of the DIP Lender in exchange for its agreement to enter into the Exit Financing Facility and in exchange for the good and valuable consideration to be further detailed in the Plan Supplement. The Plan provides that, on the Effective Date, all assets of the Debtor not transferred to the Purchasing Entity pursuant to the Bill of Sale will revest in the Reorganized Debtor. The division of assets among the Reorganized Debtor and the Purchasing Entity will be set forth in the Plan Supplement. A full-text copy of the Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=WAqMQK from Kurtzman Carson Consultants, LLC, dba Verita Global, claims agent. Co-Counsel to the Debtor: DEBEVOISE & PLIMPTON LLP M. Natasha Labovitz, Esq. Erica S. Weisgerber, Esq. Elie J. Worenklein, Esq. Shefit Koboci, Esq. 66 Hudson Boulevard New York, NY 10001 Telephone: (212) 909-6000 Facsimile: (212) 909-6836 Email: nlabovitz@debevoise.com eweisgerber@debevoise.com eworenklein@debevoise.com skoboci@debevoise.com Co-Counsel to the Debtor: COLE SCHOTZ P.C. Michael D. Sirota, Esq. Warren A. Usatine, Esq. Felice R. Yudkin, Esq. Ryan T. Jareck, Esq. Court Plaza North, 25 Main Street Hackensack, NJ 07601 Telephone: (201) 489-3000 Facsimile: (201) 489-1536 Email: msirota@coleschotz.com wusatine@coleschotz.com fyudkin@coleschotz.com rjareck@coleschotz.com About CCA Construction CCA Construction Inc., doing business as China Construction America Inc., ProServ Shared Services, and Plaza Construction, was established in 1993 as a Delaware corporation, and it is a direct subsidiary of CSCEC Holding Company, Inc., also a Delaware corporation. CSCEC Holding, CCA, and CCA's subsidiaries are discrete pieces of CSCEC's broader business, which is operated by more than 100 distinct entities located throughout the world, eight of which are publicly traded. Together, the group of affiliated entities makes up the largest construction company in the world, operating in more than 100 countries and regions globally, covering investment, development, construction engineering, survey and design. CCA Construction Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-22548) on December 22, 2024. In the petition filed by Yan Wei, chairman and chief executive officer, the Debtor reports reports estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor tapped M. Natasha Labovitz, Esq., Sidney P. Levinson, Esq., Elie J. Worenklein, Esq., and Rory B. Heller, Esq., at Debevoise & Plimpton LLP, in New York as general bankruptcy counsel; Michael D. Sirota, Esq., Ryan T. Jareck, Esq., Warren A. Usatine, Esq., and Felice R. Yudkin, Esq., at Cole Schotz PC in Hackensack, New Jersey as bankruptcy co-counsel; and BDO Consulting Group, LLC as financial advisor. Kurtzman Carson Consultants, LLC, dba Verita Global, is the administrative advisor. CD GREENE: Charles Persing of Bederson Named Subchapter V Trustee ----------------------------------------------------------------- The U.S. Trustee for Region 2 appointed Charles Persing, a certified public accountant at Bederson, LLP, as Subchapter V trustee for CD Greene, Inc. Mr. Persing will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Persing declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles N. Persing, CPA/CFF, CVA, CIRA, CFE Bederson LLP 100 Passaic Avenue, Suite 310 Fairfield, NJ 07004 Phone: (973) 530-9181 Fax: (862) 926-2481 Email: cpersing@bederson.com About CD Greene Inc. CD Greene, Inc. designs and retails women's apparel, including cocktail, evening, and bridal collections. It operates from New York, New York, in the apparel design and retail industry. CD Greene filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12853) on December 21, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Charles C. Wolofsky, I, Esq., at Wolofsky PLLC represents the Debtor as legal counsel. CEMTREX INC: Raises $2 Million in Registered Direct Offering ------------------------------------------------------------ Cemtrex, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it entered into a Securities Purchase Agreement with a single accredited institutional investor, pursuant to which the Company agreed to issue and sell to the Purchaser, in a registered direct offering, securities consisting of shares of the Company's common stock, par value $0.001 per share, and/or pre-funded warrants to purchase shares of Common Stock, for aggregate gross proceeds of $2,000,000. The Offering closed on December 23, 2025. The Company issued 330,000 shares of common stock and prefunded warrants to purchase 470,000 shares of common stock. The Purchase Agreement contains customary representations, warranties, and covenants by the Company and the Purchaser. A full text copy of the Purchase Agreement is available at https://tinyurl.com/58xh4x8s The Doney Law Firm, counsel to the Company, delivered an opinion as to the legality of the issuance and sale of the securities, a copy of which is available at https://tinyurl.com/2pshctzh About Cemtrex Cemtrex, Inc. was incorporated in 1998 in the state of Delaware and has evolved through strategic acquisitions and internal growth into a multi-industry Company. Jericho, New York-based Grassi & Co, CPAs, P.C., the Company's auditor since 2021, issued a "going concern" qualification in its report dated Dec. 30, 2024, citing that the Company has sustained net losses and has significant short-term debt obligations, which raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $46,960,823 in total assets and $43,108,827 in total liabilities. Total equity was $3,851,996, consisting of $3,617,758 in Cemtrex stockholders' equity and $234,238 in non-controlling interest. CENTER FOR EMOTIONAL: Taps Richard P. Cook as Special Counsel ------------------------------------------------------------- Center for Emotional Health, PC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Richard P. Cook, PLLC as special counsel. The firm will represent the estate in the investigation and prosecution of causes of action The firm shall be entitled to one-third of the gross proceeds of any recovery from the prosecution or compromise of any claims. In the event of an appeal or trial court judgement, the estate agrees to pay 40 percent of any recovery with regard to said claims. As disclosed in the court filings, Richard P. Cook, PLLC is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Richard P. Cook, Esq. Richard P. Cook, PLLC 7036 Wrightsville Ave, Suite 101 Wilmington, NC 28403 Telephone: (910) 399-3458 Email: Richard@CapeFearDebtRelief.com About Center for Emotional Health PC Center for Emotional Health, PC provides outpatient mental health services, including therapy for children and adults, counseling, and medication management, operating from Salisbury, North Carolina. The practice offers treatment for substance-use disorders and specialized programs for veterans, serving patients through a combination of individual and group sessions. It is classified within the healthcare industry, specifically in behavioral and mental health services. Center for Emotional Health sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-04478) on November 10, 2025, listing between $1 million and $10 million in assets and liabilities. Jonathan Stoudmire, president of Center for Emotional Health, signed the petition. Judge Pamela W. McAfee oversees the case. Philip M. Sasser, Esq., at Sasser Law Firm represents the Debtor as bankruptcy counsel. CHAINCE DIGITAL: Sun Qian Steps Down as Director, COO ----------------------------------------------------- Chaince Digital Holdings Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors received and accepted the resignation of Sun Qian as a director of the Board. Ms. Qian also resigned as Chief Operating Officer of the Company. Ms. Qian's resignation was voluntary and not a result of any disagreement with the Company, the Board, management, or any matter related to the operations, policies, or practices of the Company. The Company wishes to express its gratitude to Ms. Qian for her service to the Company and the Board during her tenure. About Chaince Digital Holdings Inc. (formerly Mercurity Fintech Holding Inc.) Chaince Digital Holdings Inc. -- http://www.chaincedigital.com/-- (Nasdaq: CD, effective November 13, 2025) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, Chaince Digital Holdings Inc. aims to be an industry leader in tokenization and on-chain innovation solutions, offering services spanning digital assets, financial advisory, and capital markets solutions. In an audit report dated April 30, 2025, the Company's auditor, Onestop Assurance PAC, issued a "going concern" qualification, citing that at Dec. 31, 2024, the Company has incurred recurring net losses of $4.5 million and negative cash flows from operating activities of $3.6 million and has an accumulated deficit of $680 million, which raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2024, Mercurity Fintech Holding had $35.69 million in total assets, $11.60 million in total liabilities, and $24.09 million in total shareholders' equity. CHURCH OF THE IMMACULATE: Hires John F. Jilleba CPA as Accountant ----------------------------------------------------------------- Church of the Immaculate Heart of Mary seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire John F. Jilleba CPA, PC as its accountant. The accountant will render these services: a. attend conferences with the Debtor and its attorneys, as requested; b. assist the Debtor in the preparation of monthly operating statements and other schedules, as required by the local rules of the Court, and the United States Trustee's guidelines; c. assist the Debtor with any investigation into the pre-petition acts, conduct, transfers of property, liabilities, the financial condition of the Debtor, its management, or creditors, including the operation of the Debtor's operations; d. analyze transactions with venders, insiders, related and/or affiliated entities, subsequent and prior to the date of the filing of the petition under Chapter 11; e. assist the Debtor in its review of the financial aspects of any proposed sale agreement or evaluating any plan of reorganization. If applicable, assist the Debtor in negotiating, evaluating and qualifying any competing offers; and f. perform any other services that the Debtor may deem necessary in its role as accountant to the Debtor or that may be requested by counsel. The current rates charged by Jilleba are: Partners $400 CPA Accountants $300 Staff Accountants $175 Book keeping $100 Administrative $75 John F. Jilleba CPA, PC is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: John F. Jilleba, CPA John F. Jilleba CPA, PC 559 Brook Avenue Rivervale, NJ 07675 Tel: (201) 263-1333 About the Church of the Immaculate Heart of Mary Church of the Immaculate Heart of Mary is a Roman Catholic parish based in Scarsdale, New York. Church of the Immaculate Heart of Mary sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-23180) on December 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Lauren Catherine Kiss, Esq. and Sean C. Southard, Esq. of Klestadt Winters Jureller. CHURCH OF THE IMMACULATE: Taps Klestadt Winters as Legal Counsel ---------------------------------------------------------------- Church of the Immaculate Heart of Mary seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Klestadt Winters Jureller Southard & Stevens, LLP as its general bankruptcy counsel. The firm's services include: (a) advise the Debtors with respect to their rights, powers and duties in the reorganization of their businesses and/or liquidation of their assets; (b) attend meetings, negotiating with representatives of creditors and other parties in interest, advise and consult on the conduct of the cases; (c) take all necessary action to protect and preserve the assets of the Debtors' estates; (d) prepare on behalf of the Debtors such legal papers necessary to the administration of their estates; (e) assist the Debtors in their analysis and negotiations with any third party concerning matters related to the realization by creditors of a recovery on claims and other means of realizing value; (f) represent the Debtors at all hearings and other proceedings; (g) assist the Debtors in their analysis of matters relating to the legal rights and obligations of it with respect to various agreements and applicable laws; (h) review and analyze all applications, orders, statements, and schedules filed with the Bankruptcy Court and advise the Debtors as to their propriety; (i) assist the Debtors in preparing pleadings and applications as may be necessary in furtherance of their interests and objectives; (j) assist and advise the Debtors with regard to their communications to the general creditor body regarding any proposed Chapter 11 plan(s) or other significant matters in these Chapter 11 cases; (k) assist the Debtors with respect to consideration by the Bankruptcy Court of any plan(s) prepared or filed pursuant to sections 1121 and 1189-1191 of the Bankruptcy Code and take any necessary action on behalf of them to obtain confirmation of such plans(s); and (l) perform such other legal services as may be required and/or deemed to be in the interests of the Debtors in accordance with their powers and duties as set forth in the Bankruptcy Code. The firm will be paid at these hourly rates: Tracy L. Klestadt $995 Ian R. Winters $875 John E. Jureller, Jr. $875 Sean C. Southard $875 Fred N. Stevens $875 Brendan M. Scott $795 Kathleen M. Aiello $795 Lauren C. Kiss $750 Stephanie R. Sweeney $750 Christopher J. Reilly $595 Andrew Brown $595 Kevin B. Collins $495 Paralegals $275 In addition, the firm will seek reimbursement for expenses incurred. Sean C. Southard, Esq., an attorney at Klestadt Winters Jureller Southard & Stevens, in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sean C. Southard Fred Stevens Lauren C. Kiss Andrew C. Brown KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP 200 West 41st Street, 17th Floor New York, NY 10036 Tel: (212) 972-3000 Fax: (212) 972-2245 Email: ssouthard@klestadt.com fstevens@klestadt.com lkiss@klestadt.com abrown@klestadt.com About the Church of the Immaculate Heart of Mary Church of the Immaculate Heart of Mary is a Roman Catholic parish based in Scarsdale, New York. Church of the Immaculate Heart of Mary sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-23180) on December 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Lauren Catherine Kiss, Esq. and Sean C. Southard, Esq. of Klestadt Winters Jureller. CITIUS PHARMACEUTICALS: Posts $39.7M 2025 Loss, Going Concern Doubt ------------------------------------------------------------------- Citius Pharmaceuticals, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended September 30, 2025. Citius Pharma has incurred operating losses since inception and incurred net losses of $39,740,269 and $39,425,839 for the years ended September 30, 2025 and 2024, respectively. At September 30, 2025, it had an accumulated deficit of $238,804,129. The Company had working capital of approximately ($16,980,000) at September 30, 2025. At September 30, 2025, Citius Pharma had cash and cash equivalents of approximately $4,252,000 available to fund its operations. The Company's only source of cash flow since inception has been from financing activities. During the years ended September 30, 2025 and 2024, the Company received net proceeds of $32,329,748 and $13,803,684, respectively from the issuance of equity. The Company primary uses of operating cash were for in-licensing of intellectual property, product development and commercialization activities, employee compensation, consulting fees, legal and accounting fees, insurance, and investor relations expenses. Citius said, "We experienced negative cash flows from operations of $26,552,738 and $28,201,375, for the years ended September 30, 2025 and 2024, respectively. We had a negative working capital of approximately $17 million at September 30, 2025. We estimate that our available cash resources will be sufficient to fund its operations through March 2026, which raises substantial doubt about our ability to continue as a going concern within the next 12 months." Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2014, issued a "going concern" qualification in its report dated December 23, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025. The auditor cited that the Company has suffered recurring losses and has a working capital deficit as of September 30, 2025. These conditions raise substantial doubt about the Company's ability to continue as a going concern. "We have generated no operating revenue to date and have principally raised capital through the issuance of debt and equity instruments to finance our operations. However, our continued operations beyond March 2026, including our development plans for Mino-Lok, Halo-Lido and NoveCite, will depend on our ability to obtain regulatory approval for Mino-Lok and generate substantial revenue from the sale of LYMPHIR and on our ability to raise additional capital through various potential sources, such as equity and/or debt financings, strategic relationships, or out-licensing of our product candidates. "We can provide no assurances on regulatory approval, commercialization, or future sales of LYMPHIR or that financing or strategic relationships will be available on acceptable terms, or at all. If we are unable to raise sufficient capital, find strategic partners or generate substantial revenue from the sale of LYMPHIR, there would be a material adverse effect on our business. "Further, we expect in the future to incur additional expenses as we continue to develop our product candidates, including seeking regulatory approval, and protecting our intellectual property." A full-text copy of the Company's Form 10-K is available at: https://tinyurl.com/33pjfcvm About Citius Pharmaceuticals Headquartered in Cranford, N.J., Citius Pharmaceuticals, Inc., is a biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products. The Company's goal generally is to achieve leading market positions by providing therapeutic products that address unmet medical needs yet have a lower development risk than usually is associated with new chemical entities. New formulations of previously approved drugs with substantial existing safety and efficacy data are a core focus. The Company seeks to reduce development and clinical risks associated with drug development yet still focus on innovative applications. As of September 30, 2025, the Company had $130,938,025 in total assets, $53,410,425 in total liabilities, and $77,527,600 in total equity. CJ REAL ESTATE: Michael Markham Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Michael Markham, Esq., as Subchapter V trustee for CJ Real Estate Partners, LLC. Mr. Markham, a partner at Johnson Pope Bokor Ruppel & Burns, LLP, will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Markham declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Michael C. Markham, Esq. Johnson Pope Bokor Ruppel & Burns, LLP 401 E. Jackson Street, Suite 3100 Tampa, FL 33602 Phone: (727) 480-5118 Mikem@jpfirm.com About CJ Real Estate Partners LLC CJ Real Estate Partners, LLC, doing business as Coco Wood Grill, operates a full-service restaurant offering American-style cuisine, including seafood, handhelds and specialty dinner items, along with wine, beer and cocktails. The restaurant also offers themed and specialized menus such as anAuthentic Taco Tuesday menu, a Vintage Restaurant menu and a gluten-free menu. CJ Real Estate Partners filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09646) on December 22, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Catherine Peek Mcewen presides over the case. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. CJR PRODUCTS: Seeks Chapter 7 Bankruptcy in North Carolina ---------------------------------------------------------- On December 17, 2025, CJR Products, Inc. filed for Chapter 7 protection in the Middle District of North Carolina Bankruptcy Court. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About CJR Products, Inc. CJR Products, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-50827) on December 17, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Lena M. James handles the case. The Debtor is represented by Christopher Decker Lane, Esq., of the Law Office of Christopher D. Lane. CLAYTON ISTHMUS: Hearing Today on Bid to Use Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, is set to hold a hearing today to consider another extension of Clayton Isthmus, LLC's authority to use cash collateral. The Debtor's authority to utilize cash collateral under the court's interim order expires on January 9. The order entered on December 23 last year authorized the Debtor's interim use of cash collateral and granted protection to GreenState Credit Union, a secured creditor, through a monthly payment of $10,681 and a first-priority security interest lien on post-petition rents from the Debtor's real property in Chicago, Illinois. Clayton's cash collateral consists primarily of rental income generated by the property, which is subject to a first-priority mortgage, assignment of rents, and security interests held by GreenState. The Debtor filed its bankruptcy petition on December 2, 2025, immediately before a scheduled sheriff's sale, in order to stay foreclosure following GreenState's successful state-court foreclosure action and entry of a judgment of foreclosure and sale. About Clayton Isthmus, LLC Clayton Isthmus, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18502) on December 2, 2025. In the petition signed by Matthew Cohen, member/manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jacqueline P. Cox oversees the case. Joel Schechter, Esq., at the Law Offices of Joel A. Schechter, represents the Debtor as bankruptcy counsel. CLEAN CHOICE: Seeks Chapter 7 Bankruptcy in Maryland ---------------------------------------------------- On December 29, 2025, Clean Choice LLC commenced a voluntary Chapter 7 bankruptcy case in the U.S. Bankruptcy Court for the District of Maryland. The Debtor reports between $100,001 and $1 million in total debt and identifies between 1 and 49 creditors. About Clean Choice LLC Clean Choice LLC is a limited liability company. Clean Choice LLC filed for relief under Chapter 7 of the U.S. Bankruptcy Code on December 29, 2025, under Bankruptcy Case No. 25-22106. The petition lists estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1 million. The Honorable Nancy V. Alquist is presiding over the case. The Debtor is represented by Marc A. Ominsky, Esq., of Law Offices of Marc Ominsky. CNY SEALCOATING: Hires McManimon Scotland as Bankruptcy Counsel --------------------------------------------------------------- CNY Sealcoating & Concrete, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to hire McManimon, Scotland & Baumann, LLC, as bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to the power, duties, and responsibilities in the continued management of its financial affairs as a debtor; b. advising the Debtor with respect to preparing and obtaining approval of a disclosure statement and plan of reorganization; c. preparing, on behalf of the Debtor, and as necessary, applications, motions, complaints, answers, orders, reports, and other pleadings and documents; d. appearing before this Court and other officials and tribunals, if necessary, and protecting the interests of the Debtor in federal, state, and foreign jurisdictions and administrative proceedings; e. negotiating and preparing documents relating to the use, reorganization, and disposition of assets as requested by the Debtor; f. negotiating and formulating a disclosure statement and plan of reorganization; g. advising the Debtor concerning the administration of its estate as a debtor-in-possession; and h. performing such other legal services for the Debtor as may be necessary and appropriate. The firm's hourly rates are: Anthony Sodono, III (Member) $725 Sari B. Placona (Partner) $525 Partners $350 - $695 Associates $220 - $350 Law Clerks $150 - $175 Paralegals and Support Staff $175 - $275 The firm received an initial retainer in the amount of $40,000, plus the court filing fee of $1,738. As disclosed in the court filings, is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code and modified by Section 1107(b). The firm can be reached through: Anthony Sodono, III, Esq. McManimon, Scotland & Baumann, LLC 75 Livingston Avenue, Ste. 201 Roseland, NJ 07068 Tel: (973) 622-1800 - and - 80 Pine Street, 10th Fl. New York, NY 10005 Email: asodono@msbnj.com About CNY Sealcoating & Concrete LLC CNY Sealcoating & Concrete, LLC, operating from Clinton, New York, provides concrete and sealcoating services, including installation, repair, and maintenance of driveways, patios, and slabs. It operates within the construction and paving sector, serving residential and commercial clients in the region. CNY filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-61114) on December 11, 2025, with $1 million to $10 million in assets and liabilities. Mariano Jellencich, president of CNY, signed the petition. Judge Patrick G. Radel presides over the case. Anthony Sodono, III, Esq., at McManimon, Scotland & Baumann, LLC represents the Debtor as legal counsel. COASTAL CANTINA: Unsecureds to be Paid in Full in Sale Plan ----------------------------------------------------------- Coastal Cantina, LLC, d/b/a United Smokehouse, filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Chapter 11 Plan dated December 30, 2025. The Debtor was formed on June 15, 2015 with Aaron Stewart being an 85% member and George Lenoce being a 15% member. Mr. Stewart was named the initial manager of the company. The Debtor operated casual seafood eatery with a latin-theme at 519 2nd Street South, Safety Harbor, Florida 34695 which it leased from its current landlord. Coastal Cantina operated profitably from opening until forced to closed during the government mandated COVID closure in March 2020. Since filing for Chapter 11, the Debtor has made much progress operationally and legally. After a vigorously contested first 75 days involving litigation with and against the landlord, an agreed Order has been entered by the Court which tables the litigation and mandates the filing of the Debtor's Plan of Liquidation as an ongoing business and this Disclosure Statement on an expedited basis. Furthermore, the Debtor shall be given until October 1, 2026 to find a qualified purchaser for its operation as an ongoing business. In the event that the Debtor obtains a qualified buyer, landlord will agree to an assignment of the Debtor's existing lease, as well as enter a fifteen-year extension with the new buyer. The Debtor proposes to fund its Plan from the sale of the Debtor as an ongoing business, and distributing the proceeds from the sale according to the requirements of Section 1129 of the Bankruptcy Code. The Debtor shall have until October 1, 2026 to file with the Bankruptcy Court a Motion to Approve Sale of the Debtor's Assets and to Assign Unexpired Lease ("Motion to Approve Sale") to a qualified buyer. In the event that the Motion to Approve Sale is approved by the Court, the net proceeds of shall be first distributed to administrative expenses and priority creditors as defined by Section 507 of the Bankruptcy Code, until paid in full. Thereafter, the remaining proceeds from sale shall be distributed on a pro rata basis to non-insider unsecured creditors until paid in full. Any remaining proceeds shall then be distributed on a pro rata basis to insider unsecured creditors until paid in full. In the event that there are any remaining proceeds, they shall be distributed to equity security holders on a pro rata basis. Class Two consists of the general unsecured claims of the Debtor. It is estimated that there are claims totaling $335,000.00 in this class. This Class of creditors is impaired. Claims approved by the Bankruptcy Court shall be paid in full within thirty days of a sale of the Debtor as an ongoing business, as contemplated by the Debtor's proposed Plan of Liquidation, unless payment on this date is waived, deferred or ordered by this Court to be paid on a different date. * Class Two - (a): This Class consists of the general unsecured claims of non-insider creditors. It is estimated that there are claims totaling $26,000.001 in this Class. * Class Two - (b): This Class consists of the general unsecured claims of insider creditors. It is estimated that there are claims totaling $275,000.00 in this Class. Class Three consists of the interests of equity security holders. In the event that there are any remaining proceeds from the sale of the Debtor as an ongoing business after Class Two creditors are paid in full, such proceeds shall be distributed to current equity security holders on a pro rata basis. The Plan will be funded from the sale of the Debtor's business as an ongoing business and supplemented from the revenues from the operation of the Debtor's business prior to sale. Prior to the sale of the Debtor's business, Aaron Stewart will continue to manage the Debtor's business. A full-text copy of the Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=TeSeYt from PacerMonitor.com at no charge. Attorney for the Debtor: David W. Steen, Esq. David W. Steen, P.A. P.O. Box 270394 Tampa, FL 33688 Telephone: (813) 251-3000 Email: dwsteen@dsteenpa.com Attorney for the Debtor: Richard J. McIntyre, Esq. MCINTYRE THANASIDES BRINGGOLD ELLIOTT GRIMALDI GUITO & MATTHEWS, P.A. 500 E. Kennedy Blvd., Suite 200 Tampa, FL 33602 Tel: (813) 223-0000 Fax: (813) 899-6069 About Coastal Cantina LLC Coastal Cantina, LLC, operated casual seafood eatery with a latin-theme at 519 2nd Street South, Safety Harbor, Florida. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07005) on September 24, 2025, listing $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Roberta A. Colton presides over the case. David W. Steen, Esq., at David W Steen, PA represented the Debtor as counsel. COMFORT ALL-STARS: Kathleen DiSanto Named Subchapter V Trustee -------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for Comfort All Stars, Inc. Ms. DiSanto will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About Comfort All-Stars Inc. Comfort All-Stars Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09642) on December 22, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Caryl E. Delano presides over the case. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. CONSCIOUS CONTENT: Gets Interim OK for DIP Loan From [212]MEDIA --------------------------------------------------------------- Conscious Content Media, Inc. and its affiliated debtors received interim approval from the U.S. Bankruptcy Court for the District of Delaware to use cash collateral and obtain debtor-in-possession financing to get through bankruptcy. The financing is a $10 million senior secured, superpriority, priming DIP credit facility led by [212]MEDIA, LLC as DIP agent, consisting of approximately $3.24 million in new post-petition financing and a $6.76 million roll-up of pre-petition DIP bridge loans. An initial $750,000 draw will be available immediately, with the balance subject to final approval. The DIP facility is due and payable on the earlier of (i) the effective date of a plan of reorganization of the Debtors in these Chapter 11 cases and (ii) the date upon which the DIP agent declares all obligations to be due and payable and the commitments to be terminated as a result of an uncured event of default thereunder. The Debtors are required to comply with the following deadlines: i. No later than December 31, 2025, the petition date must have occurred; ii. No later than 30 days after the petition date, the final order must have been entered; iii. No later than 30 days after the petition date, the Chapter 11 plan must have been filed; iv. No later than 90 days after the petition date, the Chapter 11 plan must have been confirmed; v. No later than 100 days after the petition date, the Chapter 11 plan effective date must have occurred. The DIP lenders will be granted post-petition first priority security interests in and liens on substantially all assets of the Debtors, including cash, intellectual property, equity interests, real property, and, upon final approval, avoidance actions, subject only to a negotiated fee carveout. In addition, the Debtors' DIP obligations will receive superpriority administrative expense status. The interim order also authorized the Debtors' continued use of cash collateral with the consent of pre-petition secured noteholders who will receive replacement liens and superpriority claims as adequate protection. The interim DIP order is available at https://is.gd/Avfwcd from PacerMonitor.com. The final hearing is scheduled for January 13. The Debtors have a complex pre-petition capital structure, including secured bridge loans and more than $130 million owed to various consenting noteholders. The DIP financing represents the only viable funding option after an unsuccessful pre-petition search for alternatives. The DIP facility is tied to a court-approved operating budget and is intended to preserve going-concern value, stabilize operations, and support confirmation of a Chapter 11 plan within an expedited timeline. [212]MEDIA, LLC, as DIP agent and lender, is represented by: Matthew B. McGuire, Esq. Kimberly A. Brown, Esq. Elizabeth A. Rogers, Esq. Landis Rath & Cobb, LLP 919 Market Street, Suite 1800 Wilmington, DE 19801 Telephone: (302) 467-4400 Facsimile: (302) 467-4450 mcguire@lrclaw.com brown@lrclaw.com erogers@lrclaw.com About Content Media Inc. Conscious Content Media Inc. is an education technology company focused on teaching children coding and digital skills. The company develops interactive learning platforms and curriculum for students as young as three, combining technology with educational content to enhance early childhood learning. Content Media Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12231) on December 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtor is represented by Daniel N. Brogan, Esq. and Steven D. Adler, Esq. of Bayard P.A. COOK HOLDINGS: Seeks to Hire Fava Firm as Co-Counsel ---------------------------------------------------- Cook Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to employ Fava Firm as co-counsel. The firm will give the Debtor legal advice with respect to the Debtor's powers and duties as a debtor-in-possession and to perform all legal services for the Debtor which may be necessary. The firm will be paid at $350 per hour. The firm received in trust a retainer in the aggregate amount of $5,000. William L. Fava, Esq., a partner at Fava Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William L. Fava, Esq. Fava Firm P.O. Box 783 Southaven, MS 38671 Tel: (662) 536-1116 Fax: (662) 536-1109 About Cook Holdings, Inc. Cook Holdings, Inc., doing business as Cook Auto Sales, Cook Auto Repair, and Cook Auto Collision, operates automotive retail and service businesses in Southaven, Mississippi. The Company, managed by owner Alan Cook, offers pre-owned vehicle sales, collision repair, and general automotive repair services to customers across the Mid-South. Cook Holdings, Inc. in Southaven, MS, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Miss. Case No. 25-14332) on Dec. 22, 2025, listing $1 million to $10 million in assets and $0 to $50,000 in liabilities. James Alan Cook signed the petition as president, signed the petition. Judge Jason D Woodard oversees the case. FAVA FIRM serve as the Debtor's legal counsel. COSAMIA LLC: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------- Cosamia, LLC asks the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, for emergency authority to use cash collateral and to provide adequate protection. Servicycles, LLC, is a creditor that may hold a security interest in the Debtor's cash, cash equivalents, and accounts pursuant to UCC-1 financing statements filed in Florida. Cosamia operates self-service laundromats, wash-dry-fold services, and laundry pickup and delivery across Miami-Dade and Broward Counties, with centralized management in Orange County, Florida. Its business is highly seasonal, with peak revenues during winter months due to an influx of seasonal residents, making uninterrupted operations during the holiday and winter period critical. The Debtor seeks interim authorization to use cash collateral for approximately eight weeks to fund ordinary and necessary operating expenses, including payroll, taxes, utilities, rent, supplies, fuel, insurance, maintenance, and vendor payments, as detailed in a weekly cash budget. The budget projects weekly income of approximately $17,500 and reflects that, despite some weeks with higher fixed costs such as rent and utilities, the business generally operates with positive cash flow and maintains ending cash balances sufficient to continue operations. The Debtor argues that denial of access to cash collateral would force it to shut down, destroying going-concern value and harming creditors. As adequate protection, Cosamia proposes granting Servicycles replacement liens on post-petition cash collateral with the same priority and validity as any prepetition liens, asserting that continued operations will replenish cash and prevent any diminution in collateral value. The Debtor requests an emergency hearing on or before December 30, 2025, approval of interim cash collateral use, and confirmation that the proposed adequate protection is fair, reasonable, and sufficient under the circumstances. A copy of the motion is available at https://urlcurt.com/u?l=PrObmq from PacerMonitor.com. About Cosamia, LLC Cosamia, LLC operates self-service laundromats, wash-dry-fold services, and laundry pickup and delivery across Miami-Dade and Broward Counties, with centralized management in Orange County, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:25-bk-08239-LVV) on December 18, 2025. In the petition signed by Derek Williams, president/manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Lori V. Vaughan oversees the case. Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine LLP, represents the Debtor as legal counsel. COURTESY SECURITY: Unsecureds Will Get 10% over 60 Months --------------------------------------------------------- Courtesy Security, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of California a Plan of Reorganization for Small Business dated December 30, 2025. Since 2012, the Debtor has been in the security business. This Subchapter V bankruptcy case was filed to reorganize debts, including multiple alleged wage claims and alleged negligence claims asserted against the company prior to the filing of this case. The Plan Proponent's financial projections are expected to show that the Debtor will have projected disposable income of $4,000.00 per month. The final Plan payment is expected to be paid on January 31, 2031. Class 3 consists of non-priority unsecured creditors. This Class shall be paid in the sum of 10% of the allowed unsecured claim pursuant to Section 502 of the Code, paid per month for 60 months at the interest rate of 0.00% commencing on the 30th date after the effective date of the plan. Class 4 consists of equity security holders of the Debtor. Distribution upon completion of the Plan payments under the Order Confirming Plan. The Plan will be funded by the ongoing business operations of the company as required under Section 1123(a)(5) of the Code. A full-text copy of the Plan of Reorganization dated December 30, 2025 is available at https://urlcurt.com/u?l=zZxfaF from PacerMonitor.com at no charge. Counsel to the Debtor: Robert L. Goldstein, Esq. Law Offices of Robert Goldstein 100 Bush St Ste 501 San Francisco, CA 94104-3908 Telephone: (415) 391-8700 Facsimile: (415) 391-8701 About Courtesy Security Inc. Courtesy Security, Inc., filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Calif. Case No. 25-25444) on Oct. 2, 2025, listing between $1 million and $10 million in assets and between $50,001 and $100,000 in liabilities. Judge Christopher D. Jaime presides over the case. Robert L. Goldstein, Esq., represents the Debtor as legal counsel. CRS SERVICES: Unsecured Creditors to Split $44K over 36 Months -------------------------------------------------------------- CRS Services, Limited, filed with the U.S. Bankruptcy Court for the District of Nevada a Subchapter V Plan of Reorganization dated December 30, 2025. CRS Services, Limited, a Nevada limited liability company, d/b/a CRS Home Services, is an authorized dealer of Brinks HomeTM security, smart home, and surveillance systems for residences in Las Vegas. "CRS" stands for "Commercial and Residential Security," and the Debtor sells and installs such systems, mostly for residences, and generates revenue through such matters, and the monthly monitoring fees its customers pay. The Debtor has been in business since 2003 and is owned by spouses Steve and Cristina Boyer. The Debtor filed for bankruptcy to address about $483,000 in Economic Injury Disaster Loans (the "EIDLs") borrowed from the U.S. Small Business Administration (the "SBA") during the COVID-19 pandemic to sustain operations, about $200,000 in merchant cash advances (collectively, the "MCAs") borrowed more recently when a large portion of the Debtor's sales team was recruited away, thus requiring it to hire and train new staff and rebuild, and unsecured loans and trade debt of about $500,000, much of which was incurred for the same reason. The Debtor's financial projections show that it will have projected disposable income of $115,140 over the next three years. The final Plan payment is expected to be paid by March 2029, assuming the Plan is confirmed and goes effective by February 2026. These Projections are based on the Debtor's recent historical operating results and its expectations of its future business. This Plan of Reorganization under chapter 11 of the Code proposes to pay creditors of the Debtor from cash flow from future operations as needed. Non-priority general unsecured creditors holding Allowed claims will receive distributions, which the Debtor has valued at about $0.04 on the dollar, based on $43,667 in total distributions to Class 6, and assuming $1,068,000 in Allowed general unsecured claims. Class 6 consists of NonPriority General Unsecured Claims. Each holder of an Allowed general unsecured, non-priority claim in Class 6 shall receive its pro rata share of the aggregate sum of $43,667, or such greater amount as the Court may require at the confirmation hearing on the Plan and as consistent with Sections 1190 and 1191 of the Code, which shall be paid as follows: (a) $5,000 by the end of Months 12 and 24 of the Plan; (b) $15,000 by the end of Month 30 of the Plan; and (c) $18,667 by the end of Month 36 of the Plan. This will be in full and final resolution of such claims against the Debtor. Class 6 is impaired. Class 7 consists of equity security holders of the Debtor. Except to the extent that the Holders of Class 7 Equity Interests agree to less favorable treatment, they shall retain their Equity Interests, subject to the terms and conditions of this Plan. Class 7 is unimpaired. This Plan will be funded through cash on hand as of the Plan's Effective Date, and cash flow generated from the future operations of the Debtor's business. A full-text copy of the Subchapter V Plan dated December 30, 2025 is available at https://urlcurt.com/u?l=nWlzsU from PacerMonitor.com at no charge. Counsel to the Debtor: Matthew Zirzow, Esq. Zachariah Larson, Esq. Larson & Zirzow, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Telephone (702) 382-1170 Facsimile (702) 382-1169 About CRS Services Limited CRS Services, Limited provides home security systems, alarm systems, UL-listed monitoring, and video surveillance services for residential and commercial clients across Nevada through its CRS Home Services division, and it also offers smart home automation systems that integrate with Brinks Home Security monitoring. It additionally provides solar panel and battery backup solutions along with water filtration systems and operates from Henderson, Nevada. CRS Services filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nevada Case No. 25-16917) on November 17, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Steven D. Boyer, managing member, signed the petition. Judge August B. Landis presides over the case. Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC, is the Debtor as legal counsel. CSRR CORP: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------- On December 30, 2025, CSRR Corp. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Southern District of California. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About CSRR Corp. CSRR Corp. is a U.S.-based private corporation engaged in commercial activities under a corporate management structure. CSRR Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-05400) on December 30, 2025. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $100,001 and $1 million. The Honorable Bankruptcy Judge handles the case. The Debtor is represented by Kevin Tang, Esq., of Tang & Associates. CYCLE SPORT: Seeks Subchapter V Bankruptcy in Florida ----------------------------------------------------- Cycle Sport Center, Inc. filed a voluntary Chapter 11 bankruptcy petition on December 29, 2025, in the U.S. Bankruptcy Court for the Middle District of Florida. Court records indicate the company has between $1 million and $10 million in liabilities owed to 1 to 49 creditors. About Cycle Sport Center, Inc. On December 29, 2025, Cycle Sport Center, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Case No. 25-08415). The filing lists estimated assets of $1 million to $10 million and estimated liabilities also in the $1 million to $10 million range. The case is presided over by Honorable Tiffany P. Geyer. Legal representation for the debtor is provided by Justin M. Luna, Esq., of Latham Luna Eden & Beaudine LLP. DHC SERVICES: Seeks Chapter 7 Bankruptcy in Massachusetts --------------------------------------------------------- On December 18, 2025, DHC Services Corp. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About DHC Services Corp. DHC Services Corp. is a U.S.-based company that provides operational and support services, with activities that may include facility services, logistics, maintenance, or related business functions depending on its contracts and client base. DHC Services Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12746) on December 18, 2025. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher J. Panos handles the case. The Debtor is represented by John F. Sommerstein, Esq. of the Law Offices of John F. Sommerstein. DOTTIE OAKS: Case Summary & One Unsecured Creditor -------------------------------------------------- Debtor: Dottie Oaks Condominiums LLC 13281 Bigelow Lane Frisco, TX 75035 Business Description: Dottie Oaks Condominiums LLC is a Texas- registered entity that owns a mixed-use condominium and retail property at 1024 Austin Avenue in Waco, Texas, comprising residential units and commercial space. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-40004 Debtor's Counsel: Manolo Santiago, Esq. HERRIN LA, PLLC 12001 N Central Expressway Suite 920 Dallas TX 75243 Tel: (469) 607-8551 E-mail: Msantiago@herrinlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Govardhan Paka as managing member. The Debtor identified The First National Bank of McGregor, located at 401 S. Main Street Mcgregor, TX 76657, as its sole unsecured creditor, with a claim totaling $8.5 million. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/W5UB6IY/DOTTIE_OAKS_CONDOMINIUMS_LLC__txebke-26-40004__0001.0.pdf?mcid=tGE4TAMA E&M BINDERY: Hearing Today on Bid to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey is set to hold a hearing today to consider another extension of E&M Bindery, Inc.'s authority to use cash collateral. The Debtor's authority to utilize cash collateral under the court's third amended order expires today. The order entered on December 23 last year authorized the Debtor to continue using the cash collateral of Milberg Factors, Inc., subject to an aggregate cap of $120,000, for payroll, working capital, operational needs, and case-related expenses. The third amended order required the Debtor to remit $17,500 before December 26, 2025, and turn over weekly collections exceeding $60,000 for specified weeks as additional payment toward Milberg's obligations. Milberg Factors, Inc., a secured creditor, is represented by: John Bougiamas, Esq. Jonathan N. Helfat, Esq. Michael Wenger, Esq. Matthew J. Stockl, Esq. OTTERBOURG P.C. 230 Park Avenue New York, NY 10169 Telephone: (212) 661-9100 jbougiamas@otterbourg.com jhelfat@otterbourg.com mwenger@otterbourg.com mstockl@otterbourg.com About E&M Bindery Inc. E&M Bindery, Inc., a company in Clifton, N.J., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 25-22444) on November 21, 2025, listing between $1 million and $10 million in both assets and liabilities. Gary Markovits, president of E&M Bindery, signed the petition. Judge Stacey L. Meisel oversees the case. David Edelberg, Esq., at Scarinci Hollenbeck, represents the Debtor as legal counsel. E. GLUCK: Hires East Wind Securities as Investment Banker --------------------------------------------------------- E. Gluck Corporation seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire East Wind Securities, LLC, as investment banker. The firm will render these services: a. assist in developing descriptive materials relating to the Debtor; b. assist in engaging with identified and in identifying and contacting additional prospective acquirers who might have an interest in participating in a Sale and/or a Financing; c. assist in the evaluation of interested prospective acquirers and investors and of any proposals received from any prospective acquirer or investor; d. assist in structuring and negotiating a Sale and/or Financing; and e. communicate with and/or present to the Debtor's Board of Directors and/or shareholders regarding a Sale and/or a Financing. East Wind will charge the Debtor a flat fee of $12,500 per month and a success fee equal to the greater of $750,000 or 2.5 percent of the Aggregate Transaction Value. As disclosed in the court filings, East Wind is a "disinterested person," as such term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code and, as required by section 327(a). The firm can be reached through: David Kaufthal East Wind Securities, LLC 810 Seventh Avenue, 35th Floor New York, NY 10019 Phone: (646) 202-1500 Email: info@eastwindadvisors.com About E. Gluck Corporation E. Gluck Corporation -- https://egluck.com/ -- is an American watch manufacturer headquartered in Little Neck, New York. E. Gluck sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12683) on December 1, 2025, listing between $10 million and $50 million in assets and liabilities. Judge Martin Glenn presides over the case. Alan D. Halperin at Halperin Battaglia Benzija, LLP, represents the Debtor as legal counsel. Israel Discount Bank of New York, as DIP lender, is represented by: Jonathan N. Helfat, Esq. Matthew Breen, Esq. OTTERBOURG P.C. 230 Park Avenue New York, NY 10169 Telephone: (212) 661-9100 E-mail: jhelfat@otterbourg.com mbreen@otterbourg.com EDMUNDSON INC: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Edmundson, Inc. 26-10019 d/b/a Arbor Valley Nursery 18539 County Road 4 Brighton, CO 80603 Edmundson Land LLC 26-10021 18539 County Road 4 Brighton, CO 80603 Business Description: Edmundson, Inc. is a Colorado-based corporation engaged in nursery and garden center retail and wholesale operations, offering plants, landscaping supplies, and related products. The Company operates nursery facilities in Brighton, which serves as its headquarters, as well as Fort Collins and Franktown, serving residential and commercial customers throughout Colorado. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court District of Colorado Judge: Hon. Joseph G Rosania Jr Debtors' General Bankruptcy Counsel: J. Brian Fletcher, Esq. ONSAGER FLETCHER JOHNSON PALMER LLC 1801 California Street Suite 2400 Denver, CO 80202 Tel: (303) 512-1123 Email: jbfletcher@ofjlaw.com Edmundson, Inc.'s Estimated Assets: $10 million to $50 million Edmundson, Inc.'s Estimated Liabilities: $10 million to $50 million Edmundson Land LLC's Estimated Assets: $1 million to $10 million Edmundson Land LLC's Estimated Liabilities: $10 million to $50 million The petitions were signed by Matthew Edmundson as CEO and member. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/ERJVYIA/Edmundson_Inc_dba_Arbor_Valley__cobke-26-10019__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/HPKNXPQ/Edmundson_Land_LLC__cobke-26-10021__0001.0.pdf?mcid=tGE4TAMA List of Edmundson, Inc.'s 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. 3 Oaks Wholesale Nursery Business Debt $77,935 4725 E Prospect Rd. Fort Collins, CO 80525 Larry Ekblad Phone: (970) 481-5257 2. Alta Nursery Inc. Business Debt $29,025 PO Box 370 San Jacinto, CA 92581 Tel: (800) 992-8210 3. American AgCredit, Secured Loans $6,090,789 FLCA & AgCredit, PCA & Affiliate 4505 W 29th St Guarantees Greeley, CO 80634 Jake Good 4. Baxter Nurseries, Inc. Business Debt $338,911 PO Box 789 Emmett, ID 83617 Tel: (208) 365-6011 5. Colorado Designscapes Business Debt $24,712 15440 E Fremont Dr Centennial, CO 80112 Tel: (303) 721-9003 6. Everde Growers Business Debt $17,197 PO Box 925279 Houston, TX 77292 Tel: (713) 613-5607 7. Fox Ridge Nursery Business Debt $61,439 23513 Streit Road Harvard, IL 60033 Tel: (815) 943-1111 8. Hollandia Nursery Business Debt $34,751 6012 Woodland Avenue Modesto, CA 95358 Tel: (209) 523-1006 9. Iseli Nursery Inc. Business Debt $15,885 PO Box 891 Middletown, OH 45044 Tel: (800) 777-6202 10. J. Frank Schmidt & Son Co. Business Debt $85,046 PO Box 189 Boring, OR 97009 Tel: (800) 825-8202 11. Kankakee Nursery Business Debt $97,408 PO Box 288 Aroma Park, IL 60910 Tel: (800) 344-7697 12. Kaspar Tree Farms Business Debt $24,120 2151 County Road 11 Mead, NE 68041 Tel: (402) 624-2131 13. McKay Nursery Company Business Debt $64,751 PO Box 185 Waterloo, WI 53594 Tel: (800) 236-4242 14. NAU Country Business Debt $66,539 Insurance Company PO Box 734297 Chicago, IL 60673-4297 Tel: (736) 427-3770 15. Oregon Pride Nurseries Inc. Business Debt $40,465 5380 SE Booth Bend Rd McMinnville, OR 97128 Tel: (888) 472-9147 16. Penske Truck Leasing Co LP Business Debt $28,446 PO Box 827380 Philadelphia, PA 19182-7380 Tel: (970) 484-1811 17. PLS Logistics Systems Inc. Business Debt $23,400 2000 Westinghouse Dr., Suite 201, PA 16066 Cranberry Township, PA 16066 Tel: (724) 814-5100 18. Quartzite Mountain Nursery Business Debt $100,643 PO Box 897 Chewelah, WA 99109-0897 Tel: (509) 935-6880 19. T.H. Belcher Nursery Inc. Business Debt $15,497 33755 S.E. Bluff Road Boring, OR 97009 20. Trees of Corrales, Ltd. Business Debt $25,461 PO Box 1326 Corrales, NM 87048-1326 Tel: (505) 898-2327 EDWARD L. AUEN: Seeks Chapter 11 Bankruptcy in California --------------------------------------------------------- On December 30, 2025, Edward L. Auen, Ph.D., M.D., Inc. filed for Chapter 11 protection in the Eastern District of California Bankruptcy Court. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Edward L. Auen, Ph.D., M.D., Inc. Edward L. Auen, Ph.D., M.D., Inc. operates as a physician-owned medical corporation offering professional healthcare services. Edward L. Auen, Ph.D., M.D., Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-27352) on December 30, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Fredrick E. Clement handles the case. The Debtor is represented by David C. Johnston, Esq. EMMAUS LIFE: Exchanges $3MM Note for Shares, $600K New Note ----------------------------------------------------------- Emmaus Life Sciences, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into an Exchange Agreement pursuant to which it agreed to issue to a single individual 6,332,692 shares of common stock of the company valued for this purpose at approximately $0.38 per share and a convertible promissory note in the principal amount of $600,000 in exchange for the surrender for cancellation and satisfaction of the principal amount of an outstanding convertible promissory note currently due and payable in the principal amount of $3,000,000. The Subject Note bore interest at the annual rate of 10%, payable semi-annually, and was convertible at the election of the holder into shares of the Company's common stock at the conversion price of $0.13 per share. The Exchange Note will bear interest at the annual rate of 10%, payable semi-annually, and is convertible at an initial conversion price of $0.01 per share which is subject to adjustment as of the end of each three-month period following issuance of the Exchange Note to equal the average "VWAP" of the common stock as of the end of such three-month period if less than the then-conversion price, and subject to further adjustment for stock splits, reverse stock splits and similar events. The principal amount of the Exchange Note is due on demand. No additional consideration was paid in connection with the exchange. Full text copies of the Exchange Agreement and the Exchange Note are available at https://tinyurl.com/4v5cpeca and https://tinyurl.com/3yn23uxj. About Emmaus Life Sciences Emmaus Life Sciences, Inc. is a commercial-stage biopharmaceutical company engaged in the marketing and sales of the Company's lead product Endari (prescription grade L-glutamine oral powder), which is approved by the U.S. Food and Drug Administration, or FDA, to reduce the acute complications of sickle cell disease in adult and pediatric patients five years of age and older. Endari has received Orphan Drug designation from the FDA, which designation generally affords to market exclusivity for Endari in the U.S. for a seven-year period ending in July 2024. Costa Mesa, California-based Marcum LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 14, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has a 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 September 30, 2025, the Company had $20.8 million in total assets, $80.2 million in total liabilities, and total stockholders' deficit of $59.5 million. ENI DIST: Plan Exclusivity Period Extended to May 5, 2026 --------------------------------------------------------- Judge Michelle M. Harner of the U.S. Bankruptcy Court for the District of Maryland extended ENI DIST, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 5, 2026 and July 4, 2026, respectively. As shared by Troubled Company Reporter, the Debtor has proceeded in good faith, attended the Section 341 meeting, and cooperated with the U.S. Trustee. The Debtor has resolved the stay-relief motions filed by Arba, one of the creditors, through contested hearing and orders rendered by this Honorable Court. The Debtor has initiated an avoidance action to recover prepetition transfers totaling $73,445.10 and is seeking declaratory relief establishing the unsecured status of the UCC loan held by Austin Business Finance, LLC dba Backd. These combined efforts reflect diligence, transparency, and a genuine intent to reorganize. The Debtor claims that a 90-day extension, rather than a shorter 60-day period that would push critical milestones into the year end holiday lull, is warranted to coordinate stakeholder schedules, complete diligence on collateral and cure amounts, negotiate and document adequate-protection and plan treatment terms, and prepare a single, coherent disclosure statement and plan. Granting this relief will conserve estate resources and facilitate an orderly, good-faith reorganization without prejudicing creditors. The Debtor asserts that it has made significant progress toward reorganization, including resolution of multiple stay-relief motions, completion of required filings, and initiation of recovery actions to increase estate liquidity. Nevertheless, additional time is needed to incorporate the anticipated results of forthcoming creditor negotiations and updated financial projections into a confirmable plan. ENI DIST Inc. is represented by: Weon G. Kim, Esq. Weon G. Kim Law Office 8200 Greensboro Dr., Suite 900 McLean, VA 22102 Telephone: (571) 278-3728 Facsimile: (703) 288-4003 Email: jkkchadol99@gmail.com About ENI DIST Inc. ENI DIST Inc. imports and distributes Asian food products from South Korea and Southeast Asia. The Company supplies dry, refrigerated, and frozen goods to wholesale distributors, chain retailers, foodservice distributors, and independent supermarkets. It operates a warehouse for handling various product types and offers both local and container drop shipment services across the United States. ENI DIST sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17220) on August 6, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Michelle M. Harner oversees the case. The Debtor tapped Weon G. Kim Law Office as counsel and Korus Group Inc. as accountant. ENVERIC BIOSCIENCES: Increases Shares Under Incentive Plan to 164K ------------------------------------------------------------------ Enveric Biosciences, Inc. filed a Registration Statement Pursuant to General Instruction E to Form S-8 under the Securities Act of 1933, as amended, for the purpose of registering additional shares of the Company's common stock, par value $0.01 per share, under the Company's 2020 Long-Term Incentive Plan, as previously approved by the Company's stockholders on December 29, 2020, amended at a meeting of stockholders on July 14, 2022, further amended at a meeting of stockholders on November 2, 2023. Per the terms of the Incentive Plan, in the event that the number of outstanding shares of Common Stock is increased, the number of Authorized Shares (as defined in the Incentive Plan) shall be proportionately adjusted upon the occurrence of such increase such that the quotient of: (i) the number of Authorized Shares immediately prior to such increase and (ii) the number of shares of Common Stock outstanding immediately prior to such increase is equal to the quotient of: (x) the number of Authorized Shares immediately after such increase and (y) the number of shares of Common Stock outstanding immediately after such increase; provided, however, that any such Equitable Adjustment is subject to and will take effect following approval of the Equitable Adjustment by the board of directors or the committee administering the Incentive Plan. The Board approved an increase in the Incentive Plan to 164,148 shares of Common Stock as a result of the Equitable Adjustment provision. The Registration Statement registers an aggregate of 131,110 additional shares of Common Stock that are reserved for issuance under the Incentive Plan. The Common Stock registered pursuant to this Registration Statement is of the same class of securities as the 1,732 and 31,306 shares of Common Stock registered for issuance under the Incentive Plan pursuant to the Registration Statements on Form S-8 (Registration Nos. 333-269330 and 333-286066) filed on January 20, 2023 and March 24, 2025, respectively. For the avoidance of doubt, the number of shares of Common Stock reflects the 1-for-12 reverse stock split of the shares of the Common Stock that was effected on October 28, 2025. About Enveric Biosciences Enveric Biosciences (NASDAQ: ENVB) -- http://www.enveric.com/-- is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, The Psybrary, the Company has created a robust intellectual property portfolio of new chemical entities for specific mental health indications. The Company's lead program, the EVM201 Series, comprises next generation synthetic prodrugs of the active metabolite, psilocin. The Company is developing the first product from the EVM201 Series "EB-002" for the treatment of psychiatric disorders. The Company is also advancing its second program, the EVM301 Series "EB 003" expected to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity without also inducing hallucinations in the patient. Morristown, New Jersey-based Marcum LLP, the Company's former auditor, issued a "going concern" qualification in its report dated March 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred 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. Enveric Biosciences had total assets amounting to $3.5 million, total liabilities (all current) of $1.4 million, and total shareholders' equity of $2.2 million as of June 30, 2025. ENVUE MEDICAL: Appoints Nicole Fernandez-McGovern Interim CFO ------------------------------------------------------------- ENvue Medical, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into a consulting agreement with RCM Financial Consulting, Inc., pursuant to which Nicole Fernandez-McGovern shall serve as the Company's Interim Chief Financial Officer, effective as of December 18, 2025. Additionally, Stephen Brown ceased to be the Company's Chief Financial Officer. Ms. Fernandez-McGovern, age 52, recently served as Chief Financial Officer of NLS Pharmaceutics Ltd. from October 2024 through November 2025. During this period, she led the company through its successful merger with Kadimastem Ltd., completed in October 2025, and supported the transition to the combined company, NewCelX, departing following the successful handover to the new management team. Ms. Fernandez-McGovern is an accomplished financial executive with more than 25 years of experience in finance, operations, and strategic leadership across public and private companies. She is the President of RCM Financial Consulting, providing strategic advisory and chief financial officer services. From October 2023 through May 2024, Ms. Fernandez-McGovern served as Interim Chief Financial Officer of Hayden AI, a technology company delivering vision-AI solutions for smart cities, where she supported capital raises totaling $115 million and contributed to the execution of a $700 million contract with New York's Metropolitan Transportation Authority. From 2016 to 2023, Ms. Fernandez-McGovern served as Chief Financial Officer and Executive Vice President of Operations of AgEagle Aerial Systems, Inc. (NYSE: UAVS), a publicly traded manufacturer of commercial drone hardware and SaaS solutions, where she oversaw global financial, operational, and manufacturing functions. She also served as audit committee chair and a member of the board of directors of AGO Global, Inc. from 2011 through 2023. Previously, Ms. Fernandez-McGovern served as Chief Executive Officer and Chief Financial Officer of Trunity Holdings, Inc. from 2012 to 2016. Ms. Fernandez-McGovern holds a Bachelor of Business Administration and a Master of Business Administration from the University of Miami, has been a licensed Certified Public Accountant in the State of Florida since 1998, serves on multiple boards of public and private companies, and is fluent in Spanish. Pursuant to the terms of the Fernandez-McGovern Consulting Agreement, the Company shall pay Ms. Fernandez McGovern an annual salary of $300,000 as well as reimbursement of certain customary expenses. The Fernandez-McGovern Consulting Agreement may be terminated by either Ms. Fernandez-McGovern or the Company at any time by providing 60 days prior written notice, pursuant to, and in accordance with, the terms of the Fernandez-McGovern Consulting Agreement. Pursuant to the terms of the Fernandez-McGovern Consulting Agreement, Ms. McGovern shall perform customary tasks for such a position, including but not limited to, overseeing and perform technical accounting review under GAAP and SEC requirements, leading and conclude impairment testing, going concern analysis, and complex accounting judgments and maintaining responsibility for the accuracy, completeness, and defensibility of the Company's financial statements. The Fernandez-McGovern Consulting Agreement also provides for certain customary provisions regarding confidentiality. A full text copy of the Fernandez-McGovern Consulting Agreement is available at https://tinyurl.com/yc6merud There are no family relationships between Ms. Fernandez-McGovern and any director or executive officer of the Company that would be required to be disclosed pursuant to Item 401(d) of Regulation S-K, and there are no transactions involving Ms. Fernandez-McGovern that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K. About ENvue Medical ENvue Medical, Inc. (formerly known as NanoVibronix, Inc.) operates as a medical device company. The Company focuses on non-invasive biological response-activating devices that target wound healing and pain therapy. ENvue Medical develops medical devices based on its proprietary therapeutic ultrasound technology. Southfield, Mich.-based Zwick CPA, PLLC, 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 Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $54.4 million in total assets, $11.9 million in total liabilities, and $42.5 million in total stockholders' equity. ENVUE MEDICAL: CEO Doron Besser Signs Amended Employment Agreement ------------------------------------------------------------------ ENvue Medical, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that ENvue Medical Israel, Ltd., a wholly owned subsidiary of the Company, entered into an amended and restated employment agreement with Doron Besser, M.D., Chief Executive Officer of the Company, which such agreement amends and restates and that certain employment agreement, dated as of February 12, 2025. Pursuant to the terms of the Besser Employment Agreement, the Company shall pay Dr. Besser an annual salary of $360,000, less any applicable payroll deductions and tax withholdings and pursuant to the exchange rate as set forth in the Besser Employment Agreement. Additionally, Dr. Besser shall be eligible to receive a gross annual bonus of up to $180,000, less applicable payroll deductions and tax withholdings, pursuant to the exchange rate as set forth in the Besser Employment Agreement, and subject to the extent to which Dr. Besser has met performance criteria for the applicable calendar year and as determined by the Company's Board of Directors. The Besser Employment Agreement shall be at-will and either the Company or Dr. Besser may terminate Dr. Besser's employment with the Company at any time upon six months' written notice to the other party, subject to the terms of the Besser Employment Agreement. In the event Dr. Besser's employment is terminated by the Company without Cause or Dr. Besser resigns for Good Reason, or if a Change in Control of the Company has occurred, and Dr. Besser has resigned for Good Reason, or is terminated for reasons other than for Cause (each as defined in the Besser Employment Agreement), within 90 days from the occurrence of such Change in Control of the Company and provided that Dr. Besser executes and delivers a separation and release agreement in a form acceptable to the Company, within 21 days after Dr. Besser's date of termination, subject to applicable law, among others, the Company shall pay the Dr. Besser a special one-time gross payment equal to 12 months' Base Salary in effect on the date of termination), less any applicable payroll deductions and tax withholdings. Dr. Besser shall also be entitled to severance pay in an amount equal to 81/3% of the Base Salary and certain pension and insurance contributions. Pursuant to the terms of the Besser Employment Agreement, the Company shall transfer the funds each month to a study fund chosen by Dr. Besser (the "Study Fund") in the following amounts: (i) 2.5% of the Base Salary, to be contributed by the Dr. Besser and deducted from the Base Salary; and (ii) a sum equal to 7.5% of the Base Salary, to be contributed by Company, all, up to the maximum cap permitted by the Israeli tax authorities for exemption. Upon termination of Dr. Besser's employment, the Company shall remit to Dr. Besser all sums accumulated for Dr. Besser's benefit in the Study Fund. Pursuant to the terms of the Besser Employment Agreement, as soon as administratively practicable following the Effective Date (and in any event, no later than 60 days after the Effective Date), Dr. Besser shall be granted an award of 180,000 restricted stock units that represent, in the aggregate, 9% of the Company's issued and outstanding common stock, par value $0.001 per share, determined on a fully diluted basis as of the Effective Date. In addition, Dr. Besser shall be issued additional restricted stock units, to the extent necessary, on the annual anniversary of the grant date of the Initial Grant for Dr. Besser to maintain a 9% equity interest in the Company, provided that Dr. Besser is still employed by the Company on the applicable date of the grant, and pursuant to applicable laws. The Besser Employment Agreement also provides for certain customary covenants regarding non-solicitation, non-competition and confidentiality and certain customary employee benefits regarding transport and technology expenses, among others. A full text copy of the Besser Employment Agreement is available at https://tinyurl.com/84724j2n About ENvue Medical ENvue Medical, Inc. (formerly known as NanoVibronix, Inc.) operates as a medical device company. The Company focuses on non-invasive biological response-activating devices that target wound healing and pain therapy. ENvue Medical develops medical devices based on its proprietary therapeutic ultrasound technology. Southfield, Mich.-based Zwick CPA, PLLC, 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 Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $54.4 million in total assets, $11.9 million in total liabilities, and $42.5 million in total stockholders' equity. EPIC MECHANICAL: Hires BC Business Services Inc as Accountant ------------------------------------------------------------- Epic Mechanical Inc. seeks approval from the U.S. Bankruptcy Court for the District of Idaho to hire BC Business Services, Inc. as accountant. Wayne Barney is the owner and operator of BC Business Services Inc. He has been an accountant/bookkeeper since 1994. His rate for accounting services is $125/hour for this type of business and the accounting needed for chapter 11 reporting, with a $2,500 retainer. BC Business Services, Inc. is a "disinterested person" as that phrase is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Wayne Barney BC Business Services, Inc. 1111 S Orchard St Ste 246 Boise, ID, 83705-1964 Phone: (208) 343-5147 About Epic Mechanical Inc Epic Mechanical Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No. 25-00932) on November 14, 2025, listing $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Brent R Wilson presides over the case. D. Blair Clark, Esq. at the LAW OFFICE OF D. BLAIR CLARK PC serves as the Debtor's counsel. ETEGRA INC: Seeks to Hire Kelley Kaplan & Eller as General Counsel ------------------------------------------------------------------ Etegra, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Kelley Kaplan & Eller, PLLC as general counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Attorneys $575 Paralegals $175 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $50,000, which includes the filing fee of $1,738 from the Debtor. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Etegra, Inc. Etegra is an architect-engineer firm that provides architecture, engineering, and construction management services primarily for the U.S. Department of Defense and other federal agencies, with additional civil, mechanical, electrical, plumbing, and fire protection engineering work for local public and private clients. Etegra, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24345) on December 4, 2025, listing $436,230 in assets and $6,765,257 in liabilities. The petition was signed by Achyut Kumar Allady as authorized representative of the Debtor. Judge Erik P Kimball presides over the case. Craig I. Kelley, Esq. at KELLY KAPLAN & ELLER, PLLC represents the Debtor as counsel. ETEGRA INC: Wins Interim Approval to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division granted interim approval for Etegra, Inc. to use cash collateral in its Chapter 11 case to avoid irreparable harm. The order authorizes use of cash collateral to pay U.S. Trustee fees and ordinary, necessary operating expenses under a court-approved budget, with up to a 10% variance per line item. The Debtor projects total operational expenses of $100,000 for December; $69,850 for January, 2026 and $71,850 for February, 2026. As adequate protection, each creditor holding a security interest in cash collateral is granted a post-petition replacement lien on cash collateral with the same validity, priority, and extent as its prepetition lien, deemed perfected without further documentation. The Debtor is also required to maintain insurance on the collateral in accordance with applicable loan documents. A final hearing is scheduled for January 14, 2026. About Etegra, Inc. Etegra, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Flo. Case No. 25-24345) with $100,001 to $500,000 with assets and $1,000,001 to $10 million in laibilities. The petition was signed by Achyut Kumar Allady as authorized representative of the Debtor. Judge Hon. Erik P Kimball oversees the case. The Debtor is represented by: Craig I Kelley Tel: 561-491-1200 Email: craig@kelleylawoffice.com EVENTIDE CREDIT: Trustee Taps DLA Piper LLP as Legal Counsel ------------------------------------------------------------ Mark Andrews, the Chapter 11 trustee of Eventide Credit Acquisitions, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ DLA Piper LLP (US) as his counsel. The firm's services include: (a) advising the Trustee with respect to its rights, duties and powers in the Chapter 11 Cases; (b) assisting and advising the Trustee in its consultations, meetings and negotiations with the Debtors, the Committee and all other parties in interest regarding the administration of the Chapter 11 Cases; (c) except with respect to the Special Counsel Services, assisting the Trustee in analyzing the claims asserted against and interests asserted in the Debtors, in negotiating with the holders of such claims and interests, and in bringing, participating in, or advising the Trustee with respect to contested matters and adversary proceedings, including objections or estimation proceedings, with respect to such claims or interests; (d) assisting with the Trustee's review of the Debtors' Schedules of Assets and Liabilities, Statements of Financial Affairs and other financial reports prepared by the Debtors, and the Trustee's investigation of the acts, conduct, assets, liabilities and financial condition of the Debtors and of the historic and ongoing operation of its business; (e) assisting the Trustee in its analysis of, and negotiations with, the Debtors, the Committee, or any third party related to, among other things, financings, use, sale or leasing of the Debtors' assets, including asset disposition transactions, compromises of controversies, assumption or rejection of executory contracts and unexpired leases, and matters affecting the automatic stay; (f) assisting the Trustee in its analysis of, and negotiations with, the Debtors, the Committee or any third party related to, the negotiation, formulation, confirmation and implementation of a chapter 11 plan for the Debtors, and all pleadings, agreements and documentation related thereto; (g) assisting and advising the Trustee with respect to its communications with the general creditor body regarding significant matters in the Chapter 11 Cases; (h) other than with respect to the Special Counsel Services, representing the Trustee at all hearings and other proceedings before the Court and such other courts or tribunals, as appropriate; (i) other than with respect to the Special Counsel Services, reviewing and analyzing all complaints, motions, applications, orders and other pleadings filed with the Court, and advising the Trustee with respect to its position thereon and the filing of any response thereto; (j) other than with respect to the Special Counsel Services, assisting the Trustee in preparing pleadings and applications, and pursuing or participating in adversary proceedings, contested matters and administrative proceedings as may be necessary or appropriate in furtherance of the Trustee's duties and objectives; and (k) performing such other legal services as may be necessary or as may be requested by the Trustee in accordance with the Trustee's powers and duties as set forth in the Bankruptcy Code. The firm's current standard hourly rates for 2025 are: James Muenker (Partner) $1,555 Shant Eulmessekian (Associate) $895 Corinne Smith (Associate) $795 William L. Countryman (Case Manager) $570 The following is provided in response to the request for additional information set forth in Paragraph D.1. of the Revised UST Guidelines: (a) Question: Did DLA Piper agree to any variations from, or alternatives to its standard billing arrangements for this engagement? Answer: No. DLA Piper and the Trustee have not agreed to any variations from, or alternatives to, DLA Piper's standard billing arrangements for this engagement. The rate structure provided by DLA is appropriate and is not significantly different from (a) the rates that DLA Piper charges for other non-bankruptcy representations, or (b) the rates of other comparably skilled professionals. (b) Question: Do any of the DLA Piper professionals in this engagement vary their rate based on the geographic location of the debtor's chapter 11 case? Answer: No. The hourly rates used by DLA Piper in representing the Trustee are consistent with the rates that DLA Piper charges other comparable clients involved in chapter 11 proceedings, regardless of the location of the chapter 11 case. (c) Question: If DLA Piper has represented the Trustee in the 12 months prepetition, disclose DLA Piper's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If DLA Piper's billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: DLA Piper did not represent the Trustee prepetition. (d) Question: Has the Trustee approved DLA Piper's budget and staffing plan, and, if so, for what budget period? Answer: DLA Piper and the Trustee have not discussed a specific budget but have discussed staffing. James Muenker, Esq., a partner at DLA Piper, disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached at: James P. Muenker, Esq. DLA Piper LLP (US) 845 Texas Avenue, Suite 3800 Houston, TX 77002-5005 Telephone: (214) 743-4559 Email: james.muenker@us.dlapiper.com About Eventide Credit Acquisitions, LLC Eventide Credit Acquisitions, LLC, a Dallas-based company, filed voluntary Chapter 11 petition (Bankr. N.D. Tex. Lead Case No. 23-90007) on Sept. 6, 2023. On October 9, 3023, its affiliate, BWH Texas LLC, filed its voluntary petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code. In the petition signed by Matt Martorello, manager, Eventide Credit disclosed up to $100 million in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped Forshey Prostok as bankruptcy counsel and Donlin, Recano & Company, Inc. as notice, claims and balloting agent. FALLS CONDOMINIUM: Hires Omni Agent Solutions as Claims Agent ------------------------------------------------------------- The Falls Condominium Property Owners Association, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Missouri to employ Omni Agent Solutions, Inc. as notice, claims, and solicitation agent. Omni will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtors provided Omni an advance payment in the amount of $10,000. Paul Deutch, an executive vice president at Omni, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul Deutch Omni Agent Solutions, Inc. 1120 Avenue of the Americas, 4th Floor New York, NY 10036 Telephone: (212) 302-3580 Facsimile: (212) 302-3820 About The Falls Condominium Property Owners Association Inc. The Falls Condominium Property Owners Association, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60870) on December 19, 2025. At the time of the filing, the Debtor listed between $10 million and $50 million in assets and between $500 million and $1 billion in liabilities. Judge Brian T. Fenimore presides over the case. Camber Jones, Esq., at Spencer Fane, LLP represents the Debtor as legal counsel. FISCHER AG: Gets Court OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of Missouri, Northern Division, entered an order authorizing Fischer Ag, LLC and Christopher Fischer to use crop-related cash collateral. Under the court order, the Debtors may use cash collateral to fund 2026 crop inputs in accordance with the approved budget. The Debtors and First State Community Bank previously entered into a settlement resolving the remaining dispute over crop-related collateral. Under the settlement, FSCB will receive a cash payment of $50,000 from the Debtors to be applied to the principal of the 2023 crop-input secured loan. FSCB will be granted first-priority, perfected replacement liens on all crops and proceeds, senior to all creditors, with the IRS lien remaining junior and unaffected. The bank will also receive first-priority liens on crop insurance and government farm-program proceeds. The order imposes strict operational controls: all crop proceeds must be deposited into approved accounts (or a DIP account if required), checks must be promptly presented to FSCB for endorsement, stored crops must be sold promptly, and all 2026 crops must be sold promptly upon harvest. Crop sales must be jointly payable to Fischer AG and FSCB, no alternative entities may be used to own or sell crops, and buyers must receive written notice of FSCB's lien. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/yW0sn from PacerMonitor.com. First State Community Bank is represented by: Zachary S. Merkle, Esq. Sandberg Phoenix & Von Gontard, P.C. 701 Market Street, Suite 600 St. Louis, MO 63101 (314) 231-3332 (314) 241-7604 Fax zmerkle@sandbergphoenix.com About Fischer AG LLC Fischer AG, LLC, doing business as Fischer Trucking, provides interstate freight transportation services. The company hauls general freight, agricultural products, dry bulk commodities, and metal goods. It operates from Missouri with a small fleet serving regional and interstate routes. Fischer AG sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Miss. Case No. 25-20127) on July 30, 2025, with $2,643,600 in assets and $2,420,098 in liabilities. Chris Fischer, owner, signed the petition. Judge Kathy A. Surratt-States oversees the case. David M. Dare, Esq., at Herren, Dare & Streett represents the Debtor as legal counsel. FISHER'S FUEL: Hires Step Two Law as Legal Counsel -------------------------------------------------- Fisher's Fuel, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Alaska to employ Step Two Law as counsel. The firm's services include: a. providing legal advice regarding local rules, practices, precedent and procedures and providing substantive and strategic advice on how to accomplish the Debtor's goals in connection with the prosecution of this case; b. appearing in court, depositions, and at any meeting with the United States Trustee, including any meeting of creditors; c. resolving issues concerning the rights of secured, priority and unsecured creditors; d. negotiating, drafting, reviewing, commenting and/or preparing agreements, pleadings, documents and discovery requests and responses; e. advising and assisting the Debtor with respect to the reporting requirements of the U.S. Trustee; f. taking all necessary actions to protect and preserve the Debtor's estate; g. performing various services in connection with the administration of these cases; and h. communicating with employees, creditors, and other parties in interest concerning the bankruptcy case; i. preparing and obtaining court approval of a disclosure statement and plan of reorganization; and j. assisting the Debtor on other matters relative to the administration of this estate and performing all other services assigned by the Debtor. The firm will be paid at $475 per hour. The firm received $23,157.50 from the Debtor prior to the Petition Date. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Austin K. Barron, Esq., a partner at Step Two Law, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Austin Barron, Esq. Step Two Law 3300 Arctic Blvd Ste 201-1090 Anchorage, AK 99503 Telephone: (877) 478-3789 Email: abarron@steptwolaw.com About Fisher's Fuel, Inc. Fisher's Fuel, Inc. provides home heating oil delivery, bulk fuel supply services, and operates retail fuel locations in the Matanuska-Susitna Valley area of Alaska. The Company serves residential and commercial customers through its distribution and retail operations across the region. Fisher's Fuel, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Alaska Case No. 25-00223) on December 4, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The case is handled by Honorable Bankruptcy Judge Gary Spraker. The Debtor is represented by Austin Barron, Esq., of Step Two Law. FIT & THRIVE: Claims to be Paid from Monthly Income --------------------------------------------------- Fit & Thrive, Inc., and Sara Sanderson filed with the U.S. Bankruptcy Court for the Southern District of Illinois a First Subchapter V Plan of Reorganization dated December 29, 2025. Debtor, Fit & Thrive, Inc, operates a prepared food service in Edwardsville, Illinois. Debtor has been active from July 26, 2017 to present. Debtor, Sara Sanderson, is the President of Fit & Thrive, Inc. Fit & Thrive, Inc, operates a prepared food service in Edwardsville, Illinois. The Debtor opened a second location in Belleville, Illinois in March 2023. The second location was not profitable, leading Debtor to close the location and losing a substantial portion of income. The largest creditor of Fit & Thrive, Inc, was the commercial lessor, Heartland Bank (Heartland). Debtor, Sara Sanderson, was a personal obligor to Heartland. The Debtors propose to pay their Creditors, after confirmation and the Effective Date of the Plan, from a combination of monies that Debtors have accumulated during this Chapter 11 Case and future income received by Debtors for five years following the Effective Date of the Plan unless otherwise provided herein. This Plan provides for two classes of Secured Claims; one Class of Priority Claims; one Class of Unsecured Claims; and one Class of Allowed Interests. This Plan also provides for the payment of Administrative Expense Claims and Priority Tax Claims. Class 6 consists of General Unsecured Claims. The holders of Allowed General Unsecured Claims will receive no distribution under this Plan. General Unsecured Claims in Class 7 are Impaired, and the holders thereof are entitled to vote to accept or reject the Plan. Class 8 consists of all Allowed Interests in Debtors. All Class 8 Allowed Interests will be retained on the Effective Date and therefore are unimpaired under the Plan. Class 8 is deemed to have accepted the Plan and therefore is not entitled to vote. The Debtors' Excess Monthly Income will be used to fund the Plan. The Reorganized Debtors shall establish a bank account at an FDIC insured institution. Debtors will fund the Distribution Account on or before the 20th day of each month. Debtors and Debtors' accountant shall be authorized to write checks from the Distribution Account. On the last day of the third full month after the Effective Date and every 90 days thereafter, Debtors or Debtors' accountant shall mail a pro-rata Distribution to creditors holding Allowed Claims. A full-text copy of the Subchapter V Plan dated December 29, 2025 is available at https://urlcurt.com/u?l=HtgUa2 from PacerMonitor.com at no charge. Counsel to the Debtors: 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 Sept. 30, 2025. In its petition, the Debtor reported total assets of $168,928 and total liabilities of $1,247,466. Bankruptcy Judge Mary E. Lopinot handles the case. The Debtor is represented by J. D. Graham, Esq. of J. D. GRAHAM, PC. FLIPCAUSE INC: Hires Epiq Corporate as Claims and Noticing Agent ---------------------------------------------------------------- Flipcause Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Epiq Corporate Restructuring, LLC as claims and noticing agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Sophie Frodsham, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sophie Frodsham Epiq Corporate Restructuring, LLC 122 East, 42nd Street, 18th Floor New York, NY 10168 About Flipcause Inc. Flipcause Inc. is a technology Debtor that provides a nonprofit fundraising platform and payment-processing services. The Debtor's software enables small and medium-sized nonprofit organizations to manage online donations, donor engagement, and fundraising campaigns. Flipcause Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12246) on December 19, 2025. In its petition, the Debtor reported estimated assets and liabilities of at least $10 million each. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Ronald S. Gellert, Esq. of Gellert Seitz Busenkell & Brown, LLC. FLIPCAUSE INC: Seeks Cash Collateral Access ------------------------------------------- Flipcause, Inc. asks the U.S. Bankruptcy Court for the District of Delaware for authority to use cash collateral and provide adequate protection. Founded in 2012, Flipcause operates a subscription-based software-as-a-service platform that provides small nonprofit organizations across the U.S. with integrated tools for website hosting, fundraising campaigns, online ticketing, text-to-give services, and online storefronts. A core component of the business is its centralized payment processing infrastructure, which allows nonprofits to solicit and accept electronic donations without bearing the administrative and compliance burdens of managing third-party payment processors. Flipcause earns revenue through annual subscription fees and transaction-based processing fees, which together constitute the cash collateral at issue. Donation funds themselves are not being used as cash collateral; instead, they are segregated in a separate account and preserved exclusively for the benefit of the nonprofit clients. The Debtor experienced financial strain beginning in mid-2025 following an unsuccessful merger and acquisition process and deteriorating market conditions affecting SaaS, fintech, and payments-adjacent businesses. The Chapter 11 filing is intended to stabilize operations and facilitate an orderly sale of assets for the benefit of creditors. The Debtor's secured debt is relatively modest, totaling approximately $1.225 million, of which only about $600,000 is clearly perfected and owed to Grand Avenue Investment LP – Series 14B, with potentially up to $900,000 in perfected secured claims when considering other uncertain UCC filings. The Debtor asserts that its assets have a value of at least $16 million, resulting in a substantial equity cushion of roughly $14 million that provides adequate protection to any secured creditors. Flipcause asserts an immediate and ongoing need to use post-petition cash collateral -- limited to subscription and processing fees -- to fund ordinary-course operating expenses such as payroll, insurance, taxes, utilities, administrative costs, and other expenses necessary to maintain operations as a going concern. Without authorization to use cash collateral on an interim basis, the Debtor contends it would be unable to meet essential obligations, risking loss of customers, employee confidence, and overall enterprise value. The Debtor argues that the significant equity cushion alone is sufficient to provide adequate protection, citing extensive case law supporting the use of cash collateral where collateral value substantially exceeds secured debt. A copy of the motion is available at https://urlcurt.com/u?l=RWIHvZ from PacerMonitor.com. About Flipcause Inc. Flipcause Inc. is a technology company that provides a nonprofit fundraising platform and payment-processing services. The company's software enables small and medium-sized nonprofit organizations to manage online donations, donor engagement, and fundraising campaigns. Flipcause sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12246) on December 19, 2025. In its petition, the Debtor reports estimated assets and liabilities of at least $10 million each. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Ronald S. Gellert, Esq. of Gellert Seitz Busenkell & Brown, LLC. FLIPCAUSE INC: Seeks to Hire SC&H Group Inc. as Investment Banker ----------------------------------------------------------------- Flipcause Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire SC&H Group, Inc. as investment banker. The firm will render these services: a. undertake a study in order to better understand the Business and inspect the assets of the Business to determine their physical condition; b. identify potential Buyers based on information to be provided by the Debtor and make recommendations to prepare the Assets and the Business for proper investigation by potential Buyers; c. prepare an information memorandum or other materials about the Assets and the Business for consideration by prospective Buyers and prepare advertising letters, fliers and/or similar sales materials, which would include information regarding the Assets, in each case, based on information provided by the Debtor; d. prepare a program which may include marketing a potential Transaction through newspapers, magazines, journals, letters, fliers, signs, telephone solicitation, the Internet and/or such other methods as SC&H may deem appropriate; e. contact potential Buyers for your consideration and evaluation and require potential Buyers to execute Confidentiality Agreements in favor of the Debtor, unless you have instructed us to do otherwise; f. facilitate the development of a Virtual Data Room (VDR) with detailed information including financial statements, marketing materials, customer and supplier lists, management CVs, facilities and other information the Debtor deems relevant; g. circulate any information memorandum and marketing materials, provide access to the VDR or send materials to interested parties regarding the Assets, after completing confidentiality documents; h. respond, provide information to, coordinate site visits, communicate and negotiate with and obtain offers from interested parties. Advise the Debtor in structuring a Transaction and make recommendations as to whether or not a particular Transaction offer should be accepted; i. on connection with a bankruptcy proceeding governing a potential Transaction, assist with the submission of bid procedures to the Court and conduct the auction that may result therefrom; j. if requested by Debtor, negotiate with various stakeholders of the Debtor, including but not limited to, secured and unsecured creditors and equity shareholders, in regard to the possible financial restructuring of the existing claims of the creditors and/or equity stakeholders of the Debtor; and k. provide assistance in transaction structuring and pricing discussions with potential Buyers, on an as-needed basis, in an effort to guide the Transaction to a satisfactory conclusion and perform related services necessary to maximize the proceeds to be realized in any Transaction. SC&H will be compensated at these rates: a. Monthly Fee -- Upon the execution of the Engagement Letter, a monthly, nonrefundable cash fee of $30,000 payable in advance on the first day of each 30 day period. b. Transaction Fee -- In the event that the Company enters into a Definitive Agreement, SC&H shall be entitled to a Transaction Fee calculated as follows: i. $500,000, plus ii. 3% of Total Consideration2 greater than $11 million but less than $15 million, plus iii. 6% of Total Consideration greater than $15 million. As disclosed in the court filings, SC&H is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code; does not hold or represent an interest materially adverse to the Debtor’s estate; and has no connection to the Debtor, its creditors, or related parties. The firm can be reached at: Matt LoCasci SC&H Group, Inc. 910 Ridgebrook Rd. Sparks, MD 21152 Telephone: (410) 403-1500 About Flipcause Inc. Flipcause Inc. is a technology Debtor that provides a nonprofit fundraising platform and payment-processing services. The Debtor's software enables small and medium-sized nonprofit organizations to manage online donations, donor engagement, and fundraising campaigns. Flipcause Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12246) on December 19, 2025. In its petition, the Debtor reported estimated assets and liabilities of at least $10 million each. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Ronald S. Gellert, Esq. of Gellert Seitz Busenkell & Brown, LLC. FLOOF LLC: Hearing Today on Bid to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Tennessee is set to hold a hearing today to consider another extension of Floof, LLC's authority to use cash collateral. The Debtor's authority to utilize cash collateral under the court's December 30 interim order expires today. The interim order authorized the Debtor to use cash collateral only for any additional payroll and necessary operating expenses for the interim period from December 30, 2025 to January 6, 2026. The interim order granted secured creditors adequate protection through replacement liens on the Debtor's post-petition property, with the same priority and extent as their pre-bankruptcy liens. The creditors that may claim a right to cash collateral are EBF Holdings, LLC, Rapid (Small Business Financial Solutions), CFG Merchant Solutions, LLC, Forward Financing, LLC, Silverline Services, Inc., Velocity Capital Group, LLC and Kanmon, Inc. Floof operates a pet grooming business that has experienced rapid revenue growth since its launch in 2023, increasing from approximately $250,000 in annual revenues in 2023 to $550,000 in 2024, with projected 2025 revenues nearing $800,000. The business operates on tight margins, relies on frequent customer receipts to fund bi-weekly payroll, rent, utilities, supplies, and insurance, and would suffer immediate and irreparable harm—potentially catastrophic shutdown—if deprived of access to those funds even briefly. Floof's workforce is commission-based and failure to meet payroll would result in employee departures, loss of customers, and destruction of enterprise value, with liquidation yielding far less for all creditors. About Floof LLC Floof, LLC operates a pet grooming business. Floof, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-05356) on December 19, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Glen Watson, Esq., at Watson Law Group, PLLC serves as Subchapter V trustee. Judge Randal S. Mashburn presides over the case. Keith L. Edmiston, Esq. at Edmiston Law Firm, PLLC represents the Debtor as bankruptcy counsel. FOOD52 INC: Deadline for Panel Questionnaires Set for Jan. 6 ------------------------------------------------------------ The United States Trustee is soliciting members for committee of unsecured creditors in the bankruptcy case of Food52 Inc. If a party wishes to be considered for membership on any official committee that is appointed, it must complete a questionnaire available at https://tinyurl.com/muvrtayv and return by email it to Benjamin A. Hackman -- Benjamin.A.Hackman@usdoj.gov –- at the Office of the United States Trustee so that it is received by 4:00 p.m, on January 6, 2026. If the U.S. Trustee receives sufficient creditor interest in the solicitation, it may schedule a meeting or telephone conference for the purpose of forming a committee. About Food52 Inc. Food52 Inc. is a Brooklyn-based cooking and home decor company. Food52 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12277) on December 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtor is represented by Michael R. Nestor, Esq., Brynna Gaffney, Esq., Andrew M. Lee, Esq., S. Alexander Faris, Esq., and Elizabeth Soper Justison, Esq. of Young Conaway Stargatt & Taylor. FOUR SEASONS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Four Seasons Roofing, Inc. got the green light from the U.S. Bankruptcy Court for the District of Idaho to use cash collateral to fund operations. The court issued an interim order authorizing the Debtor to use cash collateral to pay up to $127,267 in operating expenses, subject to a 10% variance. Using cash collateral for charitable contributions is prohibited. The Debtor said it cannot continue operations without access to cash collateral. It projects average gross monthly income of about $80,000 from roofing installations and related services and has submitted detailed weekly, six-month, and multi-year budgets covering expenses through December 31. Its projected weekly expenditures are roughly $18,181, totaling about $169,254 through mid-February. As adequate protection, Keybank national Association will be granted replacement liens on post-petition cash collateral, with the same validity, priority and extent as its pre-bankruptcy liens. These replacement liens do not apply to proceeds from avoidance actions. Keybank, the Debtor's primary secured lender, holds loans totaling approximately $1.08 million, secured by a blanket lien on the Debtor's cash, accounts receivable, inventory, equipment, and general intangibles. No other creditor is asserting an interest in the cash collateral. The Debtor's authority to use cash collateral will expire upon entry of an order after the final hearing on January 29. The interim order is available at https://is.gd/v19Dvs from PacerMonitor.com. KeyBank, as secured lender, is represented by: Craig G. Russillo, Esq. Schwabe, Williamson & Wyatt, P.C. 1211 SW 5th Ave., Suite 1800 Portland, OR 97204 Tel: 503-222-9981 crussillo@schwabe.com About Four Seasons Roofing Inc. Four Seasons Roofing, Inc. is a roofing and construction services company providing residential and commercial roofing solutions, maintenance, and repair services. Four Seasons Roofing, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-01065) on December 19, 2025. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Brent R. Wilson handles the case. The Debtor is represented by Jared Smith of Foley Freeman, PLLC. GALBREATH RESTAURANT: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division granted Galbreath Restaurant Group, LLC interim authority to use cash collateral in its Subchapter V Chapter 11 case. The Court authorized use of cash collateral through January 27, 2026 to pay U.S. Trustee fees and current, necessary operating expenses under an approved budget, with flexibility of up to 10% per line item. Additional expenditures may be approved in writing by the secured creditor, the U.S. Small Business Administration, within 48 hours, with prompt court review available for disputes. The Debtor projects total operational expenses of $291,618 for the period from November to January. As adequate protection, the SBA and identified inferior lienholders are granted post-petition replacement liens on cash collateral with the same validity and priority as any prepetition liens. The Debtor must comply with all debtor-in-possession duties and maintain required insurance. A continued preliminary hearing on continued use of cash collateral is set for January 27. About Galbreath Restaurant Group LLC Galbreath Restaurant Group, LLC, operating as Goodrich Seafood & Oyster House, runs a seafood restaurant at 253 River Road in Oak Hill, Florida. The business traces its roots to 1910 when the Goodrich family began wholesale and retail seafood operations, including blue crab processing, and has evolved over successive generations to comply with modern seafood handling regulations. The company maintains small-scale local operations with a focus on restaurant service. Galbreath Restaurant Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07137) on November 3, 2025, with $18,103 in assets and $1,247,579 in liabilities. Karyn McNamara, manager, signed the petition. Judge Grace E. Robson presides over the case. Jeffrey S. Ainsworth, Esq., at BransonLaw, PLLC represents the Debtor as bankruptcy counsel. GALOSI LLC: Scott Seidel Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 6 appointed Scott Seidel as Subchapter V trustee for Galosi LLC. Mr. Seidel will be paid an hourly fee of $520 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Seidel declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott Seidel 6505 West Park Blvd., Suite 306 Plano, TX 75093 214-234-2500-main 214-234-2503-direct Email: scott@scottseidel.com About Galosi LLC Galosi LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-44908) on December 16, 2025, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Edward L. Morris presides over the case. Robert Thomas DeMarco, Esq., represents the Debtor as legal counsel. GBOGBARA INC: Unsecureds to Get Share of Income for 60 Months ------------------------------------------------------------- Gbogbara, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Michigan a Plan of Reorganization. The Debtor incorporated in the state of Michigan on July 22, 1991. The sole incorporator is the sole member of the Debtor, Lenyie Ngbogbara. The Debtor has, traditionally, operated out of three Park locations. The main location of Debtor is on Jefferson Ave. (the "Detroit Location") at 12871 E. Jefferson Ave, Detroit, MI 48215. The next location opened at 15200 Gratiot Ave, Detroit, MI 48205 (the "Gratiot Location"). The third and final location is at 28350 Gratiot Ave, Roseville, MI 48066 (the "Roseville Location"). The bankruptcy was caused by a confluence of events. The events themselves include the artificial inflation of the pharmaceutical industry itself, leading to overexpansion. This was paired, then, with the rapid deflation of the pharmaceutical industry when COVID abated, ill-advised decisions in taking MCA funding, mixed with the forced-closure of a location due to the death of a physician which kept the location open. The purpose of the bankruptcy filing is to restructure Debtor's current operations, in order to remain in business while allowing Debtor the opportunity to repay its Debts based on its projected disposable income. Additionally, between full- and-part time workers, the successful reorganization of the Debtor will save the livelihoods of nine employees and two independent contractors (outside of Lenyie). The Plan proposes to disburse all of Debtor's projected, disposable net of secured creditor and priority claims, to holders of non-priority general unsecured claims over a five-year period. This plan provides for the following classes of payment: (1) Administrative Expense Claims; (2) Priority Tax; (3) Over-Secured Claims; (4) Secured Claims (5) General Unsecured Claims. Class 4 consists of General Unsecured Claims. Claims 5, 7, 8, 9, Ally’s deficiency balance claims, and landlord's postrejection claims are in this class and any other creditor that has not filed a claim. Claim(s) 5 and 7 are in this class pending claim litigation. This class will receive all disposable income of the Debtor as that term is defined in Section 1191(d)(2) of the Code which is not otherwise devoted to the payment of necessary priority claims, over a period of 60 months after the effective date of the Plan. In the event that the Plan is confirmed under 1191(d), the Debtor proposes to continue to make its own plan payments. To the extent this Court Orders, a ratable portion calculated by the Sub Chapter V Trustee shall be disbursed to each member of this Class pursuant to the terms of the Payment in section G, 3. To the extent the Court allows Debtor to make payment directly, they shall calculate payment in a manner the same as the Sub Chapter V Trustee would. The reorganized debtor shall fund this plan from future earnings. The Debtor shall retain all assets of the bankruptcy estate, and such assets shall vest with the Reorganized Debtor, or as otherwise set out in the Plan regarding claims and/or Adversary Proceedings. A full-text copy of the Plan of Reorganization dated December 30, 2025 is available at https://urlcurt.com/u?l=ofCJN5 from PacerMonitor.com at no charge. Counsel to the Debtor: Alexander J. Berry-Santoro, Esq. MAXWELL DUNN, PLC 2937 E. Grand Blvd., Ste. 308 Detroit, MI 48202 Telephone: (248) 246-1166 E-mail: aberrysantoro@maxwelldunnlaw.com About Gbogbara Inc. Gbogbara, Inc., is a full-service pharmacy with three locations in Michigan. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-49970) on October 3, 2025. In the petition signed by Lenyie Ngbogbara, sole shareholder, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Mark A. Randon oversees the case. Alexander J. Berry-Santoro, Esq., at Maxwell Dunn PLC, is the Debtor's legal counsel. GENESIS REFRIGERATION: Hires Neeleman Law Group as Legal Counsel ---------------------------------------------------------------- Genesis Refrigeration & HVAC LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm will render these services: (a) assist the Debtor in the investigation of the financial affairs of the estate; (b) provide legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under this case; and (d) perform all necessary legal services for the estate in relation to this case. The firm will be paid as follows: Principals $600 Associate $475 Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $10,000 from the Debtor. Jennifer Neeleman, Esq., an attorney at Neeleman Law Group disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 Email: jennifer@neelemanlaw.com About Genesis Refrigeration & HVAC LLC Genesis Refrigeration & HVAC LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wa. Case No. 25-13293) on November 20, 2025, listing up to $50,000 in both assets and liabilities. Judge Christopher M Alston presides over the case. Jennifer L Neeleman, Esq. at Neeleman Law Group, P.C. serves as the Debtor's counsel. GOBLYN HEAD: Claims to be Paid from Continued Operations -------------------------------------------------------- Goblyn Head Press, Inc., filed with the U.S. Bankruptcy Court for the Southern District of Texas a Subchapter V Plan of Reorganization dated December 29, 2025. The Debtor is a Texas corporation formed in 2018 and duly authorized to conduct business in the state of Texas. The company's principal place of business is at 607 S. Friendswood Drive, Suite 27, Friendswood, Texas 77546 (the "Business"). The Business is solely owned and operated by James Womack. The Debtor employ approximately 1 employee This case was filed as a result of the Debtor's default on its rental obligations and increasing daily loan payments, leading to a reduction in available cash and impacting the Debtor's ability to maintain its financial affairs. The key assets of the Debtor include the hobby and gaming related inventory. The Debtor has formulated a Plan of Reorganization which contemplates a repayment of obligations from profit and the ongoing operations of the company. The Debtor intends to continue to operates its business as a going concern. The Debtor will make a pro-rata distribution to general unsecured creditors from the net sales proceeds derived from the sale of the inventory after payment of all operating expenses including rent, payroll, inventory purchases, and taxes. All post-Petition personal property taxes will be paid as they become due. The Debtor will remain current in its payment of any post-Petition taxes incurred for sales, franchise, or income. After it filed this Chapter 11 case, Goblyn Head Press, Inc. continued to operate as debtor in possession pursuant to Section 1107(a) and 1108 of the Bankruptcy Code, maintaining its operations to sell hobby and related gaming supplies as well as provide the gaming community with resources and opportunities to participate in gaming nights. Goblyn Head Press, Inc. has paid its obligations post-Petition as they become due. The principal of Goblyn Head Press, Inc. determined that a repayment from profits from ongoing sales of inventory would be in the best interest of the estate. In general, the Plan proposes that the Debtor continue to operate in the ordinary course of business to generate revenue sufficient to repay its obligations. Goblyn Head Press, Inc. has worked to shift its retails sales to a wider variety of customers, entered into discussions with the landlord regarding the potential reduction of leased square footage, and worked to streamline its inventory to supply higher retailing products. During the operations, James Womack will remain as the sole Shareholder and Director of the entity and continue to manage its operations. Class 2 is comprised of the unsecured claims listed on the Debtor's Schedules and the unsecured claims filed. This class is impaired. The Unsecured Claims will receive a pro rata distribution of the net proceeds remaining from the Debtor’s operations for sixty months. The allowed unsecured claims total $112,228.29. Class 3 consists of the equity interest in the Debtor's Shareholder. These claims shall not be paid under the Plan unless and until all other classes are paid in full. A full-text copy of the Subchapter V Plan dated December 29, 2025 is available at https://urlcurt.com/u?l=O9Anxw from PacerMonitor.com at no charge. Counsel to the Debtor: Kimberly A. Bartley, Esq. Waldron & Schneider, PLLC 15150 Middlebrook Drive Houston, Texas 77058 Telephone: (281) 488-4438 Facsimile: (281) 488-4597 E-mail: kbartley@ws-law.com About Goblyn Head Press Goblyn Head Press, Inc., owns and operates a business known as Goblyn Head Press, Inc., d/b/a Third Coast Games, a Friendswood, Texas based hobby shop specializing in board and card games and related retail sales. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80471) on Sept. 30, 2025, with up to $50,000 in assets and liabilities. Judge Alfredo R. Perez presides over the case. Kimberly Anne Bartley, at Waldron & Schneider, L.L.P., is the Debtor's legal counsel. GRINNELL CENTER: Hires Cutler Law Firm PC as Bankruptcy Counsel --------------------------------------------------------------- Grinnell Center, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Iowa to hire Cutler Law Firm, PC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Robert Gainer, Attorney $425 Associates $200 Paralegal $125 Mr. Gainer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert C. Gainer, Esq. Cutler Law Firm, PC 1307 50th St. West Des Moines, IA 50266 Telephone: (515) 223-6600 Facsimile: (515) 223-6787 Email: rgainer@cutlerfirm.com About Grinnell Center, LLC Grinnell Center, LLC operates Hotel Grinnell, a boutique hotel housed in a former junior high school building, providing lodging accommodations, on-site dining, and meeting and event spaces. Grinnell Center, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Iowa Case No. 25-02165) on December 16, 2025, listing $6,080,519 in assets and $8,228,060 in liabilities. The petition was signed by Angela Harrington as manager. Judge Lee M Jackwig presides over the case. Robert Gainer, Esq. at CUTLER LAW FIRM PC represents the Debtor as counsel. GRMG REAL ESTATE: Seeks to Hire Jeffrey Mohrhauser as Mediator -------------------------------------------------------------- GRMG Real Estate LLP and DMB-GRMG Medical Building Investment, LLC seek approval from the U.S. Bankruptcy Court for the Northern District of Iowa to hire Jeffrey Mohrhauser as mediator. On October 30, 2025 and continuing thereafter, Andrew Bland and Sarah JacobitzKizzier (Movants) each filed a Motion to Dismiss, Motion to Strike, Motion to Abstain, Amended Motion to Dismiss, Partial Withdrawal of Motion to Strike, Objection to Confirmation, Supplemental Objection to Confirmation, Motion for Temporary Allowance of Interest, as well as three different proofs of claim and proof of interest. Each filing's factual and legal merit are disputed by the Debtors. Mr. Mohrhauser's services as mediator will attempt to reach a settlement between the Debtors and the Movants. Mr. Mohrhauser's hourly rate is $290 per hour. Mr. Mohrhauser disclosed in the court filings that he is a "disinterested person" as that phrase is defined in 11 U.S.C. Sec. 101(14). Mr. Mohrhauser can be reached at: Jeffrey R. Mohrhausee, Esq. Rawlings, Ellwanger, Mohrhauser, Nelson & Drenth, LLP 522 Fourth St #300 Sioux City, IA 51101 Telephone: (712) 277-2373 Facsimile: (712) 277-3304 Email: jmohrhauser@rawlings-law.com About GRMG Real Estate LLP GRMG Real Estate LLP and DMB-GRMG Medical Building Investment, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 25-01208) on October 30, 2025. At the time of the filing, the Debtors had estimated assets of between $10 million and $50 million and liabilities of between $10 million and $50 million. Nyemaster Goode, P.C. is the Debtors' legal counsel. GST INC: Seeks $6.15MM DIP Loan from Winners Alliance ----------------------------------------------------- GST, Inc. asks the U.S. Bankruptcy Court for the District of Delaware for authority to use cash collateral and obtain postpetition financing from Winners Alliance, Inc., the Prepetition Lender and an insider, to ensure continued operations and support a successful reorganization. The proposed DIP Facility provides a senior secured superpriority multi-draw term loan totaling up to $2.9 million in new money, with additional roll-ups of approximately $3.25 million of prepetition secured obligations. The financing is critical because, as of the petition date, the Debtor had approximately $143,000 in cash, all subject to existing liens, which is insufficient to fund the administration of the Chapter 11 case. The DIP Facility and related DIP Orders would authorize the Debtor to use cash collateral, provide adequate protection to the Prepetition Lender, grant liens on DIP collateral, and permit payment of fees, interest, and other expenses in accordance with a court-approved budget. The DIP Loans are due and payable on the earliest to occur of the following: (a) the earliest to occur of (a) the date that is one Business Day after the closing of the sale of all or substantially all of the DIP Collateral; (b) the date that is one Business Day after the Effective Date of a confirmed Chapter 11 Plan; or (c) the date that is 120 days following the Petition Date; (b) the date upon which the Interim Order expires if the Final Order has not been entered on or before the date that is 35 days after the Petition Date, (c) the conversion of the Chapter 11 Case into a case under chapter 7 of the Bankruptcy Code, (d) the consummation of the sale of all or substantially all of the assets of the Borrower, taken as a whole, pursuant to 11 U.S.C. section 363. (e) the occurrence of the Effective Date of a Chapter 11 Plan; and (f) the date of the acceleration of the Loans and termination of the New Money DIP Commitments. The Debtors are required to comply with these milestones: (a) Borrower must have commenced the Chapter 11 Case on December 11, 2025; (b) On or before December 23, 2025, the Bankruptcy Court must have entered the Interim Order approving the Interim New Money DIP Loan and the Interim Roll-Up DIP Loan in form and substance acceptable to Lender in its sole discretion; (c) On or before January 28, 2026, the Bankruptcy Court must have entered the Final Order, in form and substance acceptable to Lender in its sole discretion; (d) On or before January 30, 2026, Borrower must have filed a Disclosure Statement and a proposed Chapter 11 Plan, which must provide that the Debtor emerges reorganized with Michael Johnson and Stephen Gera remaining as officers of the Reorganized Debtor and be in form and substance acceptable to Lender in its sole discretion. (e) On or before March 6, 2026, the Bankruptcy Court must have entered an order approving the Disclosure Statement, (f) On or before April 13, 2026, the Bankruptcy Court must have entered an order confirming the Debtor's Chapter 11 Plan; (g) On or before April 15, 2026, the Effective Date must have occurred; and (h) On or before April 15, 2026, the Loans (to the extent not converted into Equity Interests) must be paid in full. The Debtor's secured debt to Winners Alliance totals approximately $5.3 million under promissory notes and security agreements, primarily secured by virtually all tangible and intangible personal property, including intellectual property, contractual rights, and brand-related goodwill associated with the “Grand Slam Track” brand, which forms the core value of the company. The Debtor also has substantial unsecured obligations, including approximately $6.1 million owed to the Prepetition Lender and $20 million to athletes, vendors, and service providers. In the months preceding the bankruptcy, GST, Inc. made extensive efforts to secure additional capital through discussions with lenders and investors, a formal capital-raising process conducted by PJT Partners contacting over 150 potential investors, and seeking bridge loans, but these efforts proved insufficient due to concerns over the early-stage nature of the business and uncertainties surrounding revenue from media and sponsorships. Out-of-court restructuring negotiations with creditors and partial payments to maintain relationships were also unable to resolve liquidity challenges. Facing imminent financial strain and the risk of involuntary bankruptcy, the Debtor concluded that filing for Chapter 11 protection was necessary to preserve its intellectual property, brand value, and ongoing operations, while enabling a structured path to reorganization or sale to maximize recoveries for all stakeholders. As adequate protection for any diminution in value of the DIP Lender's interest in the Prepetition Collateral and the use of the Prepetition Collateral, including the Cash Collateral, the DIP Lender will receive the adequate protection provided in the Interim Order, which consists of valid and nonavoidable postpetition security interests in and liens on all of the Debtor's property and assets, whether now existing or hereafter arising and wherever located, with any such lien junior to the liens securing the DIP Obligations, the Carve-Out, and any valid, perfected, and unavoidable liens in existence as of the Petition Date. The DIP Lender will also receive a superpriority administrative claim in the Borrower's Chapter 11 Case. A copy of the motion is available at https://urlcurt.com/u?l=TBffLq from PacerMonitor.com. About GST Inc. GST Inc sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Dela Case No. 25-12188-KBO) on December 11, 2025. In the petition signed by Nicholas Rubin, chief restructuring officer, the Debtor disclosed up to $50,000 in assets and up to $50 million in liabilities. Judge Karen B. Owens oversees the case. Jason D. Angelo, Esq., at Reed Smith LLP, represents the Debtor as legal counsel. HADNOT LOGISTICS: Gets Interim Cash Collateral ---------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division entered a third interim order authorizing Hadnot Logistics LLC to use cash collateral on an interim basis. The Debtor is authorized to use cash collateral, including revenues generated in the ordinary course of business, through January 13, 2025, in accordance with the approved budget. The Debtor may pay up to 110% of each individual budgeted expense without further court approval, but only for obligations due and payable before the final hearing. The Debtor projects 30-Days total operational expenses of $54,270.00. As adequate protection, secured parties listed on Exhibit B, to the extent of valid and perfected liens, are granted replacement liens on post-petition cash collateral and post-petition acquired property, limited to any diminution in value of their interests. These liens do not attach to Chapter 5 avoidance actions or their proceeds. Holders of allowed secured claims are also granted replacement liens in post-petition accounts receivable, contract rights, and deposit accounts with the same priority as of the petition date. The Order establishes a carve-out subordinating secured creditors' liens to payment of certain administrative expenses, including court fees, U.S. Trustee fees, Subchapter V trustee fees, and approved fees of Debtor's counsel. A final hearing is scheduled for January 13, 2026, with objections due by January 9, 2026. About Hadnot Logistics LLC Hadnot Logistics, LLC, a company in Rockwall, Texas, transports heavy and oversized machinery across the southern and southeastern region of the United States. Hadnot Logistics sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-34270) on October 29, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Scott W. Everett presides over the case. Robert Lane, Esq., at The Lane Law Firm PLLC represents the Debtor as bankruptcy counsel. HIGHLANDER HOTEL: Hires Cutler Law Firm PC as Bankruptcy Counsel ---------------------------------------------------------------- The Highlander Hotel seeks approval from the U.S. Bankruptcy Court for the Southern District of Iowa to hire Cutler Law Firm, PC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Robert Gainer, Attorney $375 Associates $190 Paralegal $100 Mr. Gainer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert C. Gainer, Esq. Cutler Law Firm, PC 1307 50th St. West Des Moines, IA 50266 Telephone: (515) 223-6600 Facsimile: (515) 223-6787 Email: rgainer@cutlerfirm.com About Highlander Hotel The Highlander Hotel operates as a boutique hospitality property in Iowa City, Iowa, providing lodging accommodations, event spaces, and food and beverage services. The hotel serves a mix of local, regional, and visiting guests across leisure and business segments. Highlander Hotel sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S. Iowa Case No. 25-02166) on December 16, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Lee M. Jackwig handles the case. The Debtor is represented by Robert C. Gainer, Esq. HOLLYMONT CAPITAL: Hires Portillo Ronk as Bankruptcy Counsel ------------------------------------------------------------ Hollymont Capital, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Portillo Ronk Legal Team as general bankruptcy counsel. The firm's services include: a. advising the Debtor regarding its rights, duties, powers, and responsibilities; b. advising the Debtor with respect to the rights and remedies of its bankruptcy estate and the rights, claims and interest of all parties involved in its Chapter 11 case; c. representing the Debtor in all hearings and proceedings in the bankruptcy court involving its estate and in all related meetings and negotiations with representatives of creditors and other parties involved in its bankruptcy case except in adversary proceedings unless there is retention arrangement; d. taking all necessary action to protect and preserve the Debtors' estate, including participating in litigation commenced by or against the Debtor and litigating objections to claims filed against the state; e. taking all necessary action to negotiate, prepare, and obtain approval of a Chapter 11 plan and related required documents; f. preparing employment and fee applications for the Debtor's professionals; g. preparing other court filings; and h. other necessary legal services. The firm will be paid at these rates: Partner Laura J. Portillo $600 per hour Partner Kevin C. Ronk $600 per hour Paralegal $100 per hour In addition, the firm will receive reimbursement for out-of-pocket expenses incurred. Laura Portillo, Esq., a partner at Portillo Ronk Legal Team, disclosed in a court filing that her firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached at: Laura Portillo, Esq. Portillo Ronk Legal Team 5716 Corsa Ave, Suite 207 Westlake Village, CA 91362 Tel: (805) 203-6123 Fax: (805) 830-1717 Email: Attorneys@portilloronk.com About Hollymont Capital, LLC Hollymont Capital, LLC is a single-asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). Hollymont Capital, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20319) on November 19, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Luis Carmon as manager of Hillhurst Real Estate Network LLC, the Debtor's manager. Judge Deborah J Saltzman presides over the case. Laura J. Portillo, Esq. at PORTILLO RONK LEGAL TEAM serves as the Debtor's counsel. HOUND ROOFING: Seeks Chapter 7 Bankruptcy in North Carolina ----------------------------------------------------------- On December 18, 2025, Hound Roofing, Inc. filed for Chapter 7 protection in the Eastern District of North Carolina Bankruptcy Court. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Hound Roofing, Inc. Hound Roofing, Inc. operates as a roofing contractor focused on residential and commercial projects. The company delivers roof installation and repair services while maintaining supplier relationships and a skilled workforce. Hound Roofing, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-05034) on December 18, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Richard Preston Cook, Esq., of Richard P. Cook, PLLC. INDU MOTEL: Plan Exclusivity Period Extended to February 26, 2026 ----------------------------------------------------------------- Judge Jeffery A. Deller of the U.S. Bankruptcy Court for the Western District of Pennsylvania extended Indu Motel LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to February 26, 2026 and April 27, 2026, respectively. As shared by Troubled Company Reporter, the Debtor maintains that sufficient cause exists for an extension of the filing deadlines and the Exclusivity Periods. The Debtor received some interest in the purchase of estate property. The Debtor is in the process of exploring this proposal but needs some more time. Moreover, the deadline to file claims has not passed. The deadline for nongovernmental entities to file claims is December 8, 2025. The deadline for governmental entities to file claims is January 25, 2026. Allowing the Exclusivity Periods to be extended beyond the claims bar dates will allow the Debtor to better analyze the claims against it. The Debtor claims that its creditor will not be prejudiced by the requested extensions. On the contrary, the Debtor's creditors will be best served with an extension of the Exclusivity Periods and the filing deadline. The Debtor explains that it will continue to work in good faith towards a resolution of all matters to provide for the best path forward for the estate. Indu Motel LLC is represented by: Donald R. Calaiaro, Esq. CALAIARO VALENCIK 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Telephone: (412) 232-0930 Facsimile: (412) 232-3858 E-mail: dcalaiaro@c-vlaw.com About Indu Motel LLC Indu Motel LLC is a motel operator located in Somerset, Pennsylvania. Indu Motel LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-70304) on July 30, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Calaiaro Valencik, Esq. INTERCHANGE LOGISTICS: Natasha Songonuga Named Subchapter V Trustee ------------------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Natasha Songonuga, Esq., at VTrustee, LLC as Subchapter V trustee for Interchange Logistics, LLC. Ms. Songonuga will be paid an hourly fee of $450 for her services as Subchapter V trustee and will receive reimbursement for work related expenses incurred. Ms. Songonuga declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Natasha Songonuga, Esq. VTrustee LLC PO Box 841 Wilmington, DE 19899 Email: Nsongonuga@VTrusteellc.com About Interchange Logistics LLC Interchange Logistics, LLC provides interstate freight transportation services in the United States, operating as an asset-based motor carrier with company-owned tractors and trailers. The Company is based in Sewell, New Jersey, and supports general freight and refrigerated hauling within the trucking and logistics industry. Interchange Logistics sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23199) on December 14, 2025, with $209,265 in assets and $1,652,891 in liabilities. Zeb M. Campagna, managing member, signed the petition. Judge Andrew B. Altenburg Jr. presides over the case. Daniel Reinganum, Esq., at the Law Offices of Daniel Reinganum represents the Debtor as bankruptcy counsel. J.E. DALEY: Seeks Chapter 7 Bankruptcy in Maryland -------------------------------------------------- On December 18, 2025, J.E. Daley Transportation LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Maryland. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About J.E. Daley Transportation LLC J.E. Daley Transportation LLC is a privately owned limited liability company that conducts transportation and logistics operations in the United States. J.E. Daley Transportation LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21846) on December 18, 2025. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities in the range of $100,001 to $1 million. The Honorable Lori S. Simpson handles the case. The Debtor is represented by Richard L. Gilman, Esq., of Gilman & Edwards, LLC. JACKSON HOSPITAL: Plan Exclusivity Period Extended to Jan. 30, 2026 ------------------------------------------------------------------- Judge Christopher L. Hawkins of the U.S. Bankruptcy Court for the Middle District of Alabama extended Jackson Hospital & Clinic, Inc., and its affiliated debtors' exclusive periods to file a plan of reorganization and obtain acceptance thereof to January 30, 2026 to April 1, 2026, respectively. In a court filing, based on the factors and the history of these proceedings, the Debtors submit that sufficient "cause" exists pursuant to section 1121(d) of the Bankruptcy Code to extend the Exclusive Periods. The following relevant factors each weighs in favor of an extension of the Exclusive Periods: * The Necessity of Sufficient Time To Negotiate And Prepare Adequate Information. As stated above, the Debtors, in their business judgment, have decided to move forward with the DIP Lender's proposed path forward. Now that the DIP Amendment has been approved, the Debtors can continue to negotiate the terms of a consensual plan, but need additional time to do so. * An Extension of the Exclusivity Periods Will Not Prejudice Creditors. Continued exclusivity will permit the Debtors to maintain flexibility and optionality so that competing plans do not derail the Debtors' bankruptcy process. Moreover, throughout these Chapter 11 Cases, the Debtors have had ongoing and transparent communications with their major creditor groups, including their secured lenders. Extending the Exclusivity Periods will benefit the Debtors' estates, their creditors, and all other key parties in interest. Among other things, the Debtors have actively engaged with the Creditors' Committee concerning their assets and potential paths forward. * An Extension Will Not Pressure Creditors. The Debtors are not seeking an extension of the Exclusivity Periods to pressure or prejudice any of their stakeholders. To the contrary, the Debtors are proposing an extension of exclusivity in order to have additional time to finalize their strategy for a plan involving the DIP Lender without the distraction, confusion, and unnecessary expense that could be created by multiple competing plans. Counsel for the Debtors: Derek F. Meek, Esq. Marc P. Solomon, Esq. Catherine T. Via, Esq. James H. Haithcock III, Esq. Burr & Forman LLP 420 20th Street North, Suite 3400 Birmingham, Alabama 35203 Telephone: (205) 251-3000 E-mail: dmeek@burr.com msolomon@burr.com jhaithcock@burr.com cvia@burr.com About Jackson Hospital & Clinic Jackson Hospital & Clinic, Inc., is a non-membership, non-profit corporation based in Alabama. JHC is the direct or indirect parent company of JHC Pharmacy, LLC, an Alabama limited liability company that provides pharmacy services to JHC patients. JHC owns 100% of JHC Pharmacy. Additionally, JHC is a direct or indirect parent company of certain other entities that have not filed for bankruptcy. JHC operates a 344-bed healthcare facility in Montgomery, Ala., with a rich history dating back to 1894. Since its official opening in 1946, JHC has grown into one of the largest hospitals in Alabama, offering specialized services in cardiac care, cancer treatment, neurosciences, orthopedics, women's care, and emergency services. JHC's service area includes 16 counties across central Alabama. JHC and JHC Pharmacy filed Chapter 11 petitions (Bankr. M.D. Ala. Lead Case No. 25-30256) on Feb. 4, 2025. In its petition, JHC reported between $100 million and $500 million in both assets and liabilities. Judge Christopher L. Hawkins handles the cases. The Debtors are represented by Derek F. Meek, Esq. at Burr & Forman, LLP. JOBEE EXPRESS: Gets OK to Use Cash Collateral Until Jan. 28 ----------------------------------------------------------- Jobee Express, LLC got the green light from the U.S. Bankruptcy Court for the Western District of North Carolina, Charlotte Division, to use cash collateral to fund operations. The court issued an interim order authorizing the Debtor to use cash collateral through January 28 in accordance with its budget, subject to a 10% variance per line (on a cumulative basis). The Debtor projects total operational expenses of $458,300 for January. As adequate protection, secured lenders including the U.S. Small Business Administration, Global Merchant Cash, Inc., and Vox Funding, LLC will be granted replacement liens on post-petition assets of the same type and priority as their respective pre-bankruptcy liens. The order is without prejudice to later challenges regarding the validity, extent, or priority of asserted liens. The next hearing is scheduled for January 28. The interim order is available at https://is.gd/Loi3WA from PacerMonitor.com. The SBA claims a blanket lien arising from a 2020 Economic Injury Disaster Loan with an outstanding balance of approximately $143,000, while Global Merchant Cash and Vox Funding assert interests through merchant cash advance arrangements that the Debtor contends function as loans rather than true receivables sales and are disputed as to amount, validity, and priority. Pre-bankruptcy ACH debits by the MCAs caused severe cash-flow volatility, contributing to the Debtor's liquidity crisis. About Jobee Express LLC Jobee Express, LLC is an interstate freight trucking company based in Pineville, North Carolina, that provides general freight transportation services across state lines, operating a fleet of trucks and drivers under federal authority. Jobee Express sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.C. Case No. 25-31361) on December 17, 2025, listing up to $50,000 in assets and up to $10 million in liabilities. Jorge Nunez Silveira, president of Jobee Express, signed the petition. Judge Laura T. Beyer oversees the case. Rashad Blossom, Esq., at Blossom Law, PLLC, represents the Debtor as legal counsel. JTA4 REAL: Post-Petition Financing or Sale Proceeds to Fund Plan ---------------------------------------------------------------- JTA4 Real Properties LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Plan of Reorganization dated December 29, 2025. The Debtor is a Delaware limited liability company. Debtor's Articles of Organization were originally executed and filed with the Secretary of State of Colorado on or about March 15, 2009. The Debtor's main asset is the real property located at 2617, 2647, and 2667 W. Evans Avenue, Denver, Colorado 80219 (the "Property"), sometimes referred to as "Berkshire Square Apartments." The Debtor's principal place of business is located at 2501 Jammes Rd. Jacksonville, Florida, 32210, which is owned by an affiliate of the Debtor. The Debtor is part of a group of affiliate companies based in Jacksonville, Florida, that own large apartment complex projects in Florida and Colorado. The Debtor's Property is managed by Peoples Choice Apartments LLC ("Manager"), a Florida limited liability company, which also manages other properties owned by other affiliate companies in the same portfolio of common ownership as the Debtor. The Denver-area properties have experienced significantly elevated vacancy rates during the current year. These vacancies appear correlated with heightened immigration enforcement activities by U.S. Immigration and Customs Enforcement ("ICE") in the Denver metropolitan area. Although occupancy at the Property has recently begun to stabilize, the sudden and substantial increase in vacancies created immediate cash flow constraints that contributed to the Debtor's need for chapter 11 relief. In summary, the Debtor's proposed Plan contemplates the emergence of a Reorganized Debtor through the continued operation of the business. All Claims against the Reorganized Debtor are classified and treated pursuant to the terms of the Plan, or as otherwise stated in the Confirmation Order. The Plan designates four Classes of secured claims (Classes 1 through 4); one Class of unsecured claims (Class 5); and one Class of equity security (i.e., membership interest) holders (Class 6). Classes 1 through 6 are Impaired and are therefore entitled to vote on the Plan. Class 5 consists of the Allowed Unsecured Claims against the Debtor. This Class is Impaired. In full satisfaction of the Allowed Class 2 Claims, holders of such Allowed Class 5 Claims shall receive a pro rata distribution of the net proceeds (if any) from a sale or other disposition of the Property, after Class 1 through are paid in full and satisfied. If the Property is sold for less than the amount of the Allowed Stormfield Secured Claim or is sold at foreclosure, then there will be no proceeds, and the Class 5 Allowed General Unsecured Claims shall receive $0.00. The Class 5 Allowed General Unsecured Claims shall receive their pro rata distribution (if any) on the first business day after the date that is sixty days after the Effective Date. Class 6 consists of any and all equity interests and warrants currently issued or authorized in the Debtor. This Class is Impaired. Class 6 shall receive the excess proceeds (if any) from a sale or other disposition of the Property, after payment in full of Classes 1 through 5. On the Effective Date, all currently issued and outstanding membership interests in the Debtor shall be extinguished, and new membership interests shall be issued to the same persons and in the same percentages that were Holders of membership interests on the Petition Date; or, if the Property is sold or surrendered, the Debtor or Reorganized Debtor may be dissolved in accordance with state law. The Debtor is seeking post-petition financing as a means of implementing the Plan. In the event Debtor is able to obtain and the Court approves post-petition financing, the proceeds from said financing will fund this Plan. If Debtor is unable to obtain post-petition financing, the Plan contemplates the sale of substantially all of the Debtor's assets, consisting primarily of the Property, by private sale. The Debtor believes the proceeds from the sale of the Property will be sufficient to fund the Plan. 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; however, subject to the projections attached to the Disclosure Statement, cash on hand as of Confirmation will be available for Administrative Expenses. A full-text copy of the Disclosure Statement dated December 29, 2025 is available at https://urlcurt.com/u?l=nYsUc8 from PacerMonitor.com at no charge. Counsel to the Debtor: Jeffrey S. Ainsworth, Esq. BransonLaw, PLLC 1501 East Concord Street Orlando, Florida 32803 Telephone: (407) 894-6834 Facsimile: (407) 894-8559 About JTA4 Real Properties LLC JTA4 Real Properties LLC is part of a group of affiliate companies based in Jacksonville, Florida, that own large apartment complex projects in Florida and Colorado. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03533) on Sept. 30, 2025, with up to $50,000 in both assets and liabilities. Jeffrey Ainsworth, at Bransonlaw PLLC, serves as the Debtor's counsel. JUBILEE HILLTOP: Unsecureds Will Get 10% of Claims in Plan ---------------------------------------------------------- Jubilee Hilltop Ranch, LLC, filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a Disclosure Statement in support of Plan of Reorganization dated December 29, 2025. The Debtor is a USDA certified slaughterhouse producing and supplying high quality beef products to institutional customers as well as high end restaurants in the Western Pennsylvania region. The Debtor does not operate a direct-to-consumer business model. Since the filing of the voluntary petition for relief, significant macro-economic events have taken a toll on the Debtor's business including a significant rise in the cost of beef/cattle nationwide, government tariffs, government layoffs and terminations, as well as a downward trend in consumer spending as economic unease has begun to spread especially as it relates to discretionary spending. As the Debtor produced high quality beef products serving high end restaurants, the Debtor has been unable to increase its prices that it charges its customers notwithstanding the substantial increase in its "raw" materials. The Debtor's management made the strategic decision to transition the business from a butchering service/processing business to a bone crusher/bone broth business. With this pivot to bone broth production, the Debtor is no longer subject to the drastic price swings of cattle as it no longer needs to purchase livestock on the open market. By eliminating this cost, the Debtor is better able to manage its cash flow, no longer needing to make significant outlays at one time for the purchase of cattle. The materials the Debtor uses to produce the bone broth are provided directly by the customers. Upon the commencement of the case, the Debtor immediately took aggressive action to implement its bankruptcy strategy. In order to ensure ongoing operations of its business pending a reorganization, the Debtor sought immediate continued usage of his current bank accounts to ensure seamless operation of the business. The Debtor sought and obtained the permission of the Bankruptcy Court to retain the law firm of Spence, Custer, Saylor, Wolfe & Rose, LLC, as its bankruptcy counsel. This Plan is a reorganization plan which is premised on the utilization of the income generated through the Debtor's ongoing business operations as well as any funds recovered as a result of litigation undertaken by the Debtor and/or the Reorganized Debtor. It is estimated that Chapter 5 claims total approximately $89,081.71. To the extent the Debtor sells any equipment and/or inventory, if any, the net proceeds of sale will be disbursed to Mid Penn Bank on its secured claims reducing any principal amount due and owing. Class 17 consists of General Unsecured Claims. The allowed unsecured claims total $1,801,445.44. The claims of Class 17 shall, upon payment in full of all classes of claimants entitled to priority payment in accord with the Bankruptcy Code shall receive pro rata distributions from the Plan Distribution Account/Agent until all amounts due to the Plan Distribution Account/Agent have been paid in full and the funds disbursed in accordance per the terms of this Plan. As of the date of the Plan, the total amount of funds projected to be available for distribution to Class 17 claimants is $180,100.00. The Debtor provides that a minimum of $180,100.00 will be available for distribution to creditors on a pro rata basis remitting a projected 10.0% distribution based on claims scheduled by the Debtor or filed with the Court including the bifurcated claims of any creditors. However, this amount and/or pro rata distribution may increase (or decrease) depending on the outcome of litigation pursued by the Debtor pursuant to Sections 547 and 548 of the Bankruptcy Code. Class 17 is impaired under the Plan. The holders of the allowed Class 17 claims are entitled to vote to accept or reject the Plan. The claims of the Class 17 claimants shall be funded by the Debtor's ongoing business operations, as well as any recovery made by the Debtor and/or the Reorganized Debtor in bankruptcy related litigation pursuant to Chapter 5 of the Bankruptcy Code. The Debtor is proposing to fund its distribution to creditors, administrative, priority and general unsecured creditors from two main sources operations. The sources of Plan funding are as follows: * Chapter 5 claim litigation – preference and fraudulent conveyance actions totaling approximately $89,081.74. * Income generated through ongoing operations of the Debtor's business. A full-text copy of the Disclosure Statement dated December 29, 2025 is available at https://urlcurt.com/u?l=y2XMa0 from PacerMonitor.com at no charge. Counsel to the Debtor: Kevin J. Petak, Esq. Spence, Custer, Saylor, Wolfe & Rose, LLC 1067 Menoher Boulevard Johnstown, PA 15905 Tel: (814) 536-0735 Fax: (814) 539-1423 Email: kpetak@spencecuster.com About Jubilee Hilltop Ranch Jubilee Hilltop Ranch, LLC, is a Pennsylvania-based family farm specializing in grass-finished beef, pastured pork, and eggs for the restaurant industry. Jubilee Hilltop Ranch sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-70267) on June 26, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Neal Salyards, president of Jubilee Hilltop Ranch, signed the petition. Judge Jeffrey A. Deller oversees the case. Kevin Petak, Esq., at Spence Custer, represents the Debtor as legal counsel. JUST LOGISTICS: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: Just Logistics Group, Inc. 240 Heller Park Court Dayton, NJ 08810 Business Description: Just Logistics Group, Inc. provides third- party logistics and transportation services, including warehousing, distribution, inventory management, order fulfillment, and freight transportation. The Company operates from Dayton, New Jersey, serving customers across the United States. Chapter 11 Petition Date: January 4, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-10036 Debtor's Counsel: Joseph Casello, Esq. COLLINS VELLA & CASELLO 2430 Highway 34, B-12 Manasquan, NJ 08736 Tel: (732) 239-0309 Email: jcasello@cvclaw.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million Michael Caracappa signed the petition as president. 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/3BOMLXA/Just_Logistics_Group_Inc__njbke-26-10036__0001.0.pdf?mcid=tGE4TAMA KANSAS CITY COSTUME: Gets Final OK to Use Cash Collateral --------------------------------------------------------- Kansas City Costume Co., Inc. received final approval from the U.S. Bankruptcy Court for the Western District of Missouri to use cash collateral. The Debtor is authorized to use cash collateral and inventory through April 18, 2026, or until further court order, subject to a budget and operational restrictions. The Debtor may pay only expenses necessary to avoid irreparable harm and may not pay insiders except for reasonable, disclosed compensation. As protection for any diminution in the value of its collateral, the U.S. Small Business Administration will be granted replacement liens on all post-petition property of the Debtor. These replacement liens will have the same priority as the SBA's pre-bankruptcy liens and do not apply to any Chapter 5 causes of actions. The Debtor was ordered to keep its assets insured and to timely pay post-petition taxes. Any use of cash collateral is subject to the court's supervision, and nothing in the order waives or alters the SBA's rights, claims, or priority in the cash collateral. All parties' rights regarding lien validity, priority, and extent are expressly reserved, and the Order is binding on the Debtor, its estate, and any future trustee or fiduciary. About Kansas City Costume Co. Inc. Kansas City Costume Co., Inc., a company based in Kansas City, Missouri, provides costume rental, design, and fabrication services primarily for theatrical productions, including musicals and plays. It operates a large facility that houses an extensive inventory of costumes and offers custom costume creation for clients, ranging from professional theatre companies to individual renters. Founded in the 1920s, Kansas City Costume Co. continues to serve the performing arts and event communities with specialized costume solutions. Kansas City Costume Co. filed under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-41943) on November 21, 2025. Its petition shows estimated assets of 100,001 to $1 million and liabilities of $1 million to $10 million. Honorable Chief Bankruptcy Judge Cynthia A. Norton is handling the case. The Debtor is represented by Colin N. Gotham, Esq., of Evans & Mullinix, P.A. KCAP VILLA: Seeks to Hire Condon Tobin Sladek Sparks as Attorney ---------------------------------------------------------------- KCAP Villa Gardens LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Condon Tobin Sladek Sparks Nerenberg, PLLC as attorneys. The firm will render these services: (a) advise the Debtor of the rights, powers, duties, and obligations of the Debtor as debtor and debtor-in-possession in this Chapter 11 case; (b) take all necessary actions to protect and preserve the estates of the Debtor; (c) to the extent necessary, assist the Debtor in the investigation of the acts, conduct, assets, and liabilities of the Debtor, and any other matters relevant to the case; (d) investigate and potentially prosecute preference, fraudulent transfer, and other causes of action arising under the Debtor's avoidance powers and/or which are property of the estate; (e) prepare on behalf of the Debtor, as debtor-in-possession, all necessary motions, applications, answers, orders, reports, and papers in connection with the representation of the Debtor and the administration of the estates and this Chapter 11 case; (f) negotiate, draft, and present on behalf of the Debtor a plan for the reorganization of the Debtor's financial affairs, and the related disclosure statement, and any revisions, amendments, and so forth, relating to the foregoing documents, and all related materials; and (g) perform all other necessary legal services in connection with this Chapter 11 case and any other bankruptcy-related representation that the Debtor require. The range of hourly billing rates for attorneys anticipated to perform the majority of services on behalf of the Debtor is $800 to $500. Condon Tobin's paraprofessional hourly rates range from $250 to $350. The 2025 hourly rate for lead attorney Jeff Carruth is $605 per hour, which hourly rate is likely to increase in the first quarter of 2026. The Debtor provided a retainer to the Debtor in the amount of $75,000, and after payment of pre-petition fees and expenses and the Chapter 11 filing fee, $57,616.50 of such retainer remained on hand as of the Petition Date. As disclosed in the court filings, Condon Tobin is a "disinterested person" as that term is defined in Code Sec. 101(14). The firm can be reached through: Jeff Carruth, Esq. H. Joseph Acosta, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: (214) 265-3852 Fax: (214) 691-6311 (fax) E-mail: jcarruth@condontobin.com jacosta@condontobin.com amarcotte@condontobin.com About KCAP Villa Gardens LLC KCAP Villa Gardens LLC is a single-asset real estate company that owns a multifamily apartment complex located at 2730 Fyke Road in Dallas, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44520) on November 19, 2025. In the petition signed by Tie Lasater, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Mark X Mullin oversees the case. Jeff Carruth, Esq., at CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC, represents the Debtor as legal counsel. KEESTONE PROPERTIES: Gets OK to Use Cash Collateral --------------------------------------------------- Keestone Properties of TN, LLC and its affiliates received an agreed order from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral to fund operations. The Debtors may continue using cash on hand and all post-petition receipts, including rents, to pay ordinary and necessary operating expenses in the exercise of reasonable business judgment. The authorization allows the Debtors to maintain operations while the Chapter 11 cases proceed. As adequate protection, UKFCU is granted monthly adequate protection payments of $15,000, beginning before December 31, 2025, with payments due by the 25th of each month thereafter. These payments will be applied to reduce UKFCU's secured claim to the extent allowed under the Bankruptcy Code. UKFCU will also retain escrow deposits totaling approximately $312,196.56, subject to further court order, with limited potential use for property tax payments by agreement or future court approval. The order further grants UKFCU replacement liens on post-petition rents and related collateral, maintaining the same priority as prepetition liens, and deems those liens perfected upon entry of the order. The Debtors must keep collateral properly insured and provide compliance information upon request. All parties reserve rights regarding lien validity and perfection, and either side may seek modification of the adequate protection if circumstances change. UKFCU is represented by: Jeffrey W. Maddux, Esq. John Grayson Chambers, Esq. Chambliss, Bahner & Stophel P.C. Liberty Tower â€“ Suite 1700 605 Chestnut Street Chattanooga, TN 37450 Telephone: (423) 757-0206 Facsimile: (423) 508-1206 jmaddux@chamblisslaw.com gchambers@chamblisslaw.com About Keestone Properties of TN, LLC Keestone Properties of TN, LLC, a company in Loretto, Tenn., sought relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03769) on Sept. 8, 2025, listing $1 million to $10 million in both assets and liabilities. William Keelon, Jr., as member, signed the petition. Judge Charles M Walker oversees the case. Dunham Hildebrand Payne Waldron, PLLC serves as the Debtor's legal counsel. KID CITY USA: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Kid City USA Enterprises, Inc. 1899 South Clyde Morris Blvd. Daytona Beach, FL 32119 Business Description: Kid City USA Enterprises, Inc. provides childcare and early childhood education services, offering programs such as daycare, preschool, and before- and after-school care for children. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00004 Judge: Hon. Jason A Burgess Debtor's Counsel: Byron W. Wright III, Esq. BRUNER WRIGHT, P.A. 2868 Remington Green Circle, Suite B Tallahassee, FL 32308 Tel: (850) 385-0342 E-mail: twright@brunerwright.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Audrey Bruner 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/2HK2JHQ/Kid_City_USA_Enterprises_Inc__flmbke-26-00004__0001.0.pdf?mcid=tGE4TAMA KOOMBEA INC: Amy Denton Mayer Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for Koombea Inc. Ms. Mayer will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About Koombea Inc. Koombea Inc., a company based in Miami, Florida, is a digital product development company that designs and develops mobile and web applications for startups and established enterprises, leveraging custom Agile methodologies and artificial intelligence to enhance innovation, efficiency, and digital presence. Koombea filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02556) on December 22, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Luis Ernesto Rivera II presides over the case. Michael R. Dal Lago, Esq. represents the Debtor as legal counsel. LAUREL CREEK: Taps Michael VanderLey of Force Ten Partners as CRO ----------------------------------------------------------------- Laurel Creek, LP, filed an amended application seeking approval from the U.S. Bankruptcy Court for the Central District of California to hire Force Ten Partners, LLC and designate Michael VanderLey as chief restructuring officer and restructuring advisor personnel. The firm will render these services: 1. manage the restructuring affairs of the Company and supervise the Debtor assists professionals; 2. assist legal counsel and the Debtor in executing the Debtor assists restructuring efforts; 3. assist in connection with motions, responses, or other court activity; 4. evaluate and develop restructuring plans and other strategic alternatives for maximizing the value of the Debtor and its assets; 5. assist in negotiations with the Debtor assists creditors and the Debtor assists efforts; 6. prepare and offer declarations, reports, depositions, and testimony; and 7. oversee all aspects of the Debtor in connection with the Chapter 11 case, and the CRO shall have complete autonomy to oversee and control all decisions regarding the bankruptcy and operations in the Chapter 11 case. The firm's current hourly rates are: Partners $850 to $950 Managing Directors $650 to $795 Directors $550 to $650 Associate $495 to $550 Analyst $395 to $495 Other Staff $255 to $395 The CRO's hourly rate is $950. Force 10 will receive a $100,000 retainer from the Debtor. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Michael VanderLey, a partner at Force Ten Partners, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael VanderLey Force Ten Partners, LLC 5271 California Ave., Suite 270 Irvine, CA 92617 Tel: (949) 357-2360 Email: mvanderley@force10partners.com About Laurel Creek, LP Laurel Creek, LP, a California limited partnership, is a real estate company whose principal assets are located at 1150 Laurel Lane in San Luis Obispo, California. Laurel Creek, LP in Santa Barbara, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Case No. 25-10985) on July 24, 2025, listing as much as $50 million to $100 million in both assets and liabilities. Patrick Smith as Manager of 1160 Laurel Lane, LLC, general partner of the Debtor, signed the petition. GOLDEN GOODRICH LLP serves as the Debtor's legal counsel. LISBON VISTA: Section 341(a) Meeting of Creditors on February 11 ---------------------------------------------------------------- On January 2, 2026, Lisbon Vista Heights, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of California. According to court filings, the debtor reports $13,100,000 in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on February 11, 2026 at 11:00 AM To access telephonic 341 meeting, call 888-330-1716 and enter passcode 5434831# when prompted (uste). About Lisbon Vista Heights, LLC Lisbon Vista Heights, LLC is a California-based limited liability company that owns and manages an affordable housing residential community in the San Diego area. The Company holds the Lisbon Vista Heights property in Escondido, California, and is affiliated with Bay Vista, a nonprofit organization engaged in affordable housing development and operations. Lisbon Vista Heights, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-00001) on January 2, 2026. In its petition, the debtor reports total assets of $7,000,252 and total liabilities of $13,100,000. Honorable Christopher B. Latham is presiding over the case. The debtor is represented by K. Todd Curry, Esq., of Curry Advisors, A Professional Law Corporation. LIT INTERNATIONAL: Seeks Chapter 7 Bankruptcy in Massachusetts -------------------------------------------------------------- Veronika Bondarenko of The Street reports that Massachusetts-based LIT International Group Inc. has entered Chapter 7 bankruptcy, marking the likely end of its boutique retail business known as LIT Boutique. Chapter 7 filings bypass restructuring efforts and instead move directly toward liquidation of assets. LIT's filing indicates the company does not plan to continue operations or pursue a sale as a going concern. The retailer opened its first store in Boston's North End in 2005 and later expanded to a total of four locations across Massachusetts, New Hampshire, and Rhode Island. In recent months, only the Newbury Street store remained open, offering women's apparel, jewelry, and accessories from well-known fashion brands, according to report. Court documents show the company reported approximately $28,000 in assets and more than $2.5 million in debt, much of it owed to the U.S. Small Business Administration. The Newbury Street location is expected to shutter as liquidation proceeds, while the company has remained silent publicly. About LIT International Group Inc. LIT International Group, Inc. was a privately owned fashion and accessories retailer known for its brand LIT Boutique. Founded in 2005, the company operated boutique stores in Boston and neighboring states, selling an assortment of upscale apparel and accessories from well-known contemporary brands. LIT International Group Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-12685) on December 11, 2025. Honorable Bankruptcy Judge Christopher J. Panos handles the case. The Debtor is represented by Richard N. Gottlieb, Esq. of Law Office Of Richard N Gottlieb. LITTLE BROWN: Seeks Approval to Hire Venable LLP as Counsel ----------------------------------------------------------- The Little Brown Box Pizza, LLC and Kustom Partner, LLC seek approval from the U.S. Bankruptcy Court for the Central District of California to hire Venable LLP as counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers and duties in the continued management and operation of its businesses and properties; (b) attend meetings and negotiate with representatives of creditors and other parties-in-interest and advise and consult on the conduct of the cases; (c) advise the Debtor in connection with any contemplated sales of assets or business combinations; (d) advise the Debtor in connection with post-petition financing and cash collateral arrangements, prepetition financing arrangements, and emergence financing and capital structure, and negotiate and draft documents relating thereto; (e) advise the Debtor on matters relating to the evaluation of the assumption, rejection or assignment of unexpired leases and executory contracts; (f) provide advice to the Debtor with respect to legal issues arising in or relating to the Debtor's ordinary course of business; (g) take all necessary action to protect and preserve the Debtor's estate; (h) prepare legal papers; (i) negotiate and prepare on the Debtor's behalf a plan of reorganization, disclosure statement and all related agreements and/or documents, and take any necessary action on behalf of the Debtor to obtain confirmation of such plan; (j) attend meetings with third parties and participate in negotiations with respect to the above matters; (k) appear before this court, any appellate courts, and the U.S. Trustee, and protect the interests of the Debtor's estate before such courts and the U.S. Trustee; and (l) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case. The firm will be paid at these rates: Attorneys $825 to $975 per hour Associates $450 to $750 per hour Paraprofessionals $205 to $315 per hour The Debtor paid the firm with a fee retainer in the amount of $150,000 on Oct. 13, 2025. Additionally, on Nov. 28, 2025, the Debtor provided an additional fee retainer in the amount of $100,000. Belinda Vega, Esq., a partner at Venable, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Paul J. Battista, Esq. Belinda M. Vega, Esq. Venable, LLP 100 Southeast Second Street, Suite 4400 Miami, FL 33131 Tel: (310) 229-0354 Email: apark@venable.com About The Little Brown Box Pizza, LLC The Little Brown Box Pizza, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case. No. 25-13452) on December 8, 2025, listing $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The case is assigned to Judge Mark D. Houle. Representation for the Debtor is provided by Belinda M. Vega, Esq., Venable LLP. LITTLE BROWN: Seeks to Hire KapilaMukamal as Accountant ------------------------------------------------------- The Little Brown Box Pizza, LLC and Kustom Partner, LLC seek approval from the U.S. Bankruptcy Court for the Central District of California to hire KapilaMukamal as accountant. The firm's services include: a. analyzing the cash flows and profitability of the Debtor's business; b. preparing or reviewing the monthly operating reports required by the Court; c. preparing or reviewing the financial budgets, projections, project costs and profitability estimates; d. providing assistance in developing or reviewing plans of reorganization or disclosure statements, including tax ramifications; e. other bankruptcy related issues to facilitate a Plan of Reorganization; f. assisting with tax compliance filings and related matters; g. reviewing and analyzing any financing arrangements or budgets; and h. performing other work as may be requested by management. The firm's current hourly rates are: Partners $640 to $820 Principals $420 to $480 Consultants/ Senior Associates $296 to $520 Paraprofessionals $520 to $330 On Oct. 15, 2025, KapilaMukamal received an initial retainer in the amount of $75,000. On Dec. 1, 2025, the accountant received an additional retainer in the amount of $20,000. The firm will also be reimbursed for out-of-pocket expenses incurred. Soneet Kapila, CPA, a partner at KapilaMukamal, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Soneet R. Kapila, CPA KapilaMukamal 1000 South Federal Hwy., Suite 200 Fort Lauderdale, FL 33316 Telephone: (954) 712-3201 Email: kapila@kapilamukamal.com About The Little Brown Box Pizza, LLC The Little Brown Box Pizza, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case. No. 25-13452) on December 8, 2025, listing $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The case is assigned to Judge Mark D. Houle. Representation for the Debtor is provided by Belinda M. Vega, Esq., Venable LLP. LITTLE MIKE'S: Seeks to Hire Robert Bassel Esq. as Legal Counsel ---------------------------------------------------------------- Little Mike's Market Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to hire Robert Bassel, Esq. to handle its Chapter 11 case. The firm will be paid at $350 per hour. The firm received from the Debtor a retainer in the amount of $21,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Robert N. Bassel, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert N. Bassel, Esq. P.O. Box T Clinton, MI 49236 Telephone: (248) 835-7683 Email: bbassel@gmail.com About Little Mike's Market Inc. Little Mike's Market, Inc. is a community-focused grocery store that prides itself on delivering fresh, high-quality groceries, including produce, meats, dairy, and household staples. Little Mike's Market filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. Case No. 25-52371) on December 4, 2025. In its petition, the Debtor reported $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Honorable Bankruptcy Judge Mark A. Randon handles the case. The Debtor is represented by Robert N. Bassel, Esq., at Robert Bassel, Attorney at Law. LUDAN HOLDINGS: Case Summary & Two Unsecured Creditors ------------------------------------------------------ Debtor: Ludan Holdings LLC 253 NE 2nd Street Unit 4909 Miami, FL 33132 Business Description: Ludan Holdings LLC is a real estate holding company that owns a single residential condominium unit at 253 NE 2nd Street, Miami, FL 33132. Chapter 11 Petition Date: January 4, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-10019 Judge: Hon. Corali Lopez-Castro Debtor's Counsel: Jesus Santiago, Esq. JESUS SANTIAGO 14100 Palmetto Frontage Road, Suite 370 Miami Lakes, FL 33016 Tel: (305) 898-7148 E-mail: jesus@dasa.law Total Assets: $2,000,100 Total Liabilities: $1,799,135 The petition was signed by Sasha Arellanes as authorized member. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/V6YVATA/Ludan_Holdings_LLC__flsbke-26-10019__0001.0.pdf?mcid=tGE4TAMA LUMEN TECHNOLOGIES: Level 3 Closes $1.25B Notes Offering -------------------------------------------------------- Lumen Technologies, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that Level 3 Financing, Inc., a direct wholly-owned subsidiary of Level 3 Parent, LLC, and an indirect wholly-owned subsidiary of the Company: * completed its previously-announced upsized offering of $1.25 billion aggregate principal amount of its 8.500% Senior Notes due 2036; and * in connection therewith, entered into an indenture with U.S. Bank Trust Company, National Association, as trustee, dated December 23, 2025, which sets forth the terms of the Notes. Level 3 Financing used the net proceeds from the offering, together with cash on hand, to purchase Existing Second Lien Notes pursuant to the Tender Offers and to pay related fees and expenses. Interest on the Notes accrues from December 23, 2025 and is payable on January 15 and July 15 of each year, beginning on July 15, 2026. The Notes are senior unsecured obligations of Level 3 Financing, ranking equal in right of payment with all existing and future indebtedness of Level 3 Financing that is not expressly subordinated in right of payment to the Notes and ranking senior in right of payment to all existing and future indebtedness of Level 3 Financing expressly subordinated in right of payment to the Notes. The Notes are effectively subordinated to all existing and future secured obligations of Level 3 Financing, to the extent of the value of the collateral provided by Level 3 Financing securing such obligations, and effectively subordinated to all liabilities, including trade payables, of the subsidiaries of Level 3 Financing that are not guarantors under the Indenture. The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by Level 3 Parent, and certain of Level 3 Parent's material domestic subsidiaries which were able to guarantee the Notes without regulatory approval and subject to the receipt of the applicable regulatory approvals, other material domestic subsidiaries of Level 3 Financing will guarantee the Notes. Each such guarantee is a senior unsecured obligation of the applicable guarantor, ranking equal in right of payment with all existing and future indebtedness of such guarantor that is not expressly subordinated in right of payment to the guarantee of such guarantor and ranking senior in right of payment to all existing and future indebtedness of such guarantor that is expressly subordinated in right of payment to the guarantee of such guarantor. Each guarantee is effectively subordinated to all existing and future secured obligations of such guarantor, to the extent of the value of the collateral provided by such guarantor securing such obligations, and effectively subordinated to all liabilities, including trade payables, of the subsidiaries of such guarantor (other than Level 3 Financing) that are not themselves guarantors. Level 3 Financing may redeem some or all of the Notes at any time prior to January 15, 2031 at a redemption price equal to 100% of their principal amount, plus the applicable "make-whole" premium set forth in the Indenture and accrued and unpaid interest (if any) to, but not including, the date of redemption. Level 3 Financing may redeem some or all of the Notes on or after January 15, 2031 at the redemption prices as set forth in the Indenture, plus accrued and unpaid interest (if any) to, but not including, the date of redemption. In addition, prior to January 15, 2029, Level 3 Financing may also, at its option, redeem up to 40% of the aggregate principal amount of the Notes with an amount not greater than the net cash proceeds from one or more equity offerings at the redemption price specified in the Indenture. Upon the occurrence of certain specified change of control events, Level 3 Financing will be required, unless it has elected to redeem the Notes as described above, to make an offer to purchase all outstanding Notes at a price in cash equal to 101% of their principal amount on the purchase date, plus accrued and unpaid interest (if any) to, but not including, such purchase date. The Indenture provides for customary events of default, including, among other things, the: (i) failure to pay principal, interest or premium (if any) on the Notes when due, subject to certain grace periods; (ii) failure to perform various specified covenants continued for 90 days after written notice with respect thereto to Level 3 Financing by the trustee or the holders of at least 30% of the aggregate principal amount of such Notes then outstanding; or (iii) occurrence of certain specified defaults, judgments, bankruptcy proceedings, insolvencies or other events relating to Parent, Level 3 Financing or certain of its significant subsidiaries. In addition, subject to the terms and conditions set forth in the Indenture, if certain specified events of default with respect to the Notes occur and are continuing, the trustee or holders of at least 30% of the aggregate principal amount of the Notes then outstanding may declare the principal of the Notes to be due and payable immediately. The Indenture contains certain restrictive covenants that limit the incurrence of additional indebtedness, liens and certain other corporate transactions. These covenants are subject to a number of important limitations and exceptions, and are subject to termination upon the occurrence of certain events described in the Indenture. The Notes and the related guarantees are not and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. Holders of the Notes do not have registration rights. A full text copy of the Indenture is available at https://tinyurl.com/yxxyjpfm Supplemental Indentures for the Amended Second Lien Notes: In connection with the early results of the Tender Offers and the Solicitation of Consents as set forth in the Statement, Level 3 Financing has entered into supplemental indentures with Wilmington Trust, National Association, as trustee, in connection with its 4.000% Second Lien Notes due 2031, 3.875% Second Lien Notes due 2030 and 4.500% Second Lien Notes due 2030 to: (a) eliminate substantially all of the restrictive covenants and eliminate certain events of default and (b) to release all collateral securing the obligations of Level 3 Financing and the guarantors under the applicable indenture governing each series of the Amended Second Lien Notes and certain other amendments applicable to the Amended Second Lien Notes Indentures to, among other things, eliminate certain additional restrictive covenants and events of default. Copies of each Supplemental Indenture are available at https://tinyurl.com/2epx333a, https://tinyurl.com/ct78mjdt and https://tinyurl.com/mrxxd6r7. About Lumen Technologies Headquartered in Monroe, Louisiana, Lumen Technologies, Inc. -- https://lumen.com/ -- is a facilities-based technology and communications company that provides a broad array of integrated products and services to its domestic and global business customers and its domestic mass markets customers. The Company's platform empowers its customers to swiftly adjust digital programs to meet immediate demands, create efficiencies, accelerate market access, and reduce costs, which allows its customers to rapidly evolve their IT programs to address dynamic changes. As of September 30, 2025, the Company had $34.29 billion in total assets, $35.46 billion in total liabilities, and $1.17 billion in total stockholders' deficit. * * * In July 2025, Fitch Ratings has placed the Long-Term Issuer Default Ratings (IDRs) of Lumen Technologies Inc., Level 3 Parent LLC, Level 3 Financing Inc., Qwest Corporation and related subsidiaries on Rating Watch Positive (RWP). The current Long-Term IDR for each rated entity is 'CCC+'. MAF GROUP: Seeks to Tap MPR Tax Accounting Solutions as Accountant ------------------------------------------------------------------ MAF Group LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire MPR Tax Accounting Solutions as accountant. The firm will render these services: a. provide assistance to the debtor in preparing the Monthly Reports of Operation; b. prepare the necessary financial statements; c. assist debtor in preparing the cash flow projections and or any other projection needed for the Disclosure Statement; d. assist debtor in any/ all financial and accounting pertaining to, or in connection with the administration of the estate; e. assist debtor in the preparation and filing of federal, state and municipal tax returns; f. assist the Debtor in any other assignment that might be properly delegated; and g. assist the Debtor in general accounting services, tax returns preparations and making deposits for taxes. The firm will be paid a flat fee of $650 per month for all related work. As disclosed in the court filings, MPR Tax Accounting Solutions is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: Mileysha Perez Ramos, MBA MPR Tax Accounting Solutions 42 Juan Hernández Ortiz Ave, Marisol Building, Second Floor, Suite 2 Isabela, PR 00662 Office: (939) 699-6437 WhatsApp: (787) 207-3325 Email: mprtaxsolution@outlook.com About MAF Group LLC MAF Group LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 25-04147) on September 16, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Homel A. Mercado-Justiniano, Esq. represents the Debtor. MAINE DENTISTRY: Hires Law Office of Laura Hopkins as Attorney -------------------------------------------------------------- Maine Dentistry Portland LLC seeks approval from the U.S. Bankruptcy Court for the District of Maine to hire Law Office of Laura Hopkins as attorneys. The firm's services include: a. consultations regarding bankruptcy; b. preparation of the Petition and Schedules necessary to commence the case; c. preparation of the Chapter 11 Plan; d. attendance at the status conference, § 341 meetings and Rule 2004 examinations; e. negotiations with creditors regarding the Plan; f. attendance at Court hearings for confirmation of the Debtor's Plan; and g. prosecution and defense of any contested matters, motions or adversary proceedings in the Bankruptcy Court necessary for the successful conclusion of the Debtor's Chapter 11 case. The firm's hourly rates are: Laura Hopkins $350 Melissa Nowell $150 The firm does not hold or represent an interest adverse to the estate and is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The counsel can be reached through: Laura S. Hopkins, Esq. Law Office of Laura S. Hopkins PO Box 539; Camden, Maine 04843 Email: lhopkins@laurahopkinslaw.com Phone: (207) 358-0658 Fax: (207) 843-3136 About Maine Dentistry Portland LLC Maine Dentistry Portland LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 25-20299) on December 17, 2025, listing up to $50,000 in both assets and liabilities. Judge Peter G Cary presides over the case. Laura S Hopkins, Esq. at Law Office Of Laura Hopkins serves as the Debtor's counsel. MARTINEZ & SONS: Seeks Cash Collateral Access Thru March 2026 ------------------------------------------------------------- Martinez Sons Produce, Inc. asks the U.S. Bankruptcy Court for the Southern District of California for authority to use cash collateral and provide adequate protection. The company, which farms and sells gourmet vegetables including tomatoes, carrots, squash, cucumbers, onions, green beans, beets, and basil to various customers such as grocery stores, seeks emergency approval to use cash collateral under a stipulation with Tri Counties Bank. The Debtor requests authorization to use cash collateral through March 18, 2026, to fund ordinary course operations as outlined in the attached budget, including payroll, utilities, rent, and other operating expenses. Tri Counties Bank is a secured creditor holding liens on substantially all assets of the Debtor, including cash, accounts receivable, deposit accounts, inventory, and equipment, evidenced by first-priority UCC financing statements. The Bank's loans include a $262,000 promissory note due December 27, 2026, and a $500,000 line of credit, currently in default. Under the Stipulation, the Debtor may exceed budgeted amounts by up to 15% if necessary. The Bank is granted a replacement lien on all postpetition cash and proceeds, and reserves the right to assert an administrative expense claim under 11 U.S.C. sections 503(b) and 507(a)(1) to protect against any postpetition diminution in collateral value. Monthly payments of $14,756 to the Bank will be made from the Debtor's operating account or the DIP account once established. The Debtor acknowledges the Bank’s cash collateral rights but disputes secured claims from other potential lenders, such as merchant cash advance providers. A copy of the motion is available at https://urlcurt.com/u?l=VTykOJ from PacerMonitor.com. About Martinez & Sons Produce, Inc. Martinez & Sons Produce, Inc., founded in 1985 by the Martinez family in San Diego, California, cultivates and distributes gourmet vegetables including tomatoes, carrots, squash, cucumbers, onions, green beans, beets, and basil, and operates a vertically integrated system managing production from field to customer, supplying regional and national markets. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 25-05253) on December 18, 2025. In the petition signed by David Hassin Martinez, vice president, the Debtor disclosed $624,386 in total assets and $4,687,558 in total liabilities. Maggie Schroedter, Esq., at ROBBERSON SCHROEDTER LLP, represents the Debtor as legal counsel. MASS POWER: Court Extends Cash Collateral Access to Jan. 15 ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts issued a proceeding memorandum and order extending Mass Power Solutions, LLC's authority to use cash collateral. The order authorized the Debtor to use cash collateral through January 15, 2026 to pay up to $500 each to a technician and a licensed electrician, as well as for necessary insurance payments. The Debtor is not allowed to use funds for any other purposes without further court approval. The next hearing is scheduled for January 15, 2026. About Mass Power Solutions LLC Mass Power Solutions, LLC is an electrical contracting company specializing in renewable energy solutions, including solar project design, installation, and management, serving both residential and commercial clients. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-40234) on March 5, 2025. In the petition signed by Ryan Lane, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Elizabeth D. Katz oversees the case. John O. Desmond, Esq., represents the Debtor as legal counsel. MAWSON INFRASTRUCTURE: Meets Nasdaq Continued Listing Requirements ------------------------------------------------------------------ Mawson Infrastructure Group Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company received written notice from the Listing Qualifications Hearings Department of The Nasdaq Stock Market LLC confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b) and will continue being listed on The Nasdaq Capital Market. As previously disclosed, the Company was notified by Nasdaq that the Company no longer satisfied the $35 million market value of listed securities ("MVLS") requirement set forth in the MVLS Rule. In response, the Company attended a hearing before the Nasdaq Hearings Panel to present its plan to evidence compliance with the $2.5 million stockholders' equity requirement set forth in the MVLS Rule as an alternative to the $35 million MVLS requirement. The Company was granted an extension to demonstrate compliance with the MVLS Rule until December 19, 2025. As previously disclosed, on December 16, 2025, the Company was notified by Nasdaq that it has regained compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2). Therefore, the Company believes it is currently in compliance with all applicable criteria for continued listing on The Nasdaq Capital Market. About Mawson Infrastructure Group Mawson is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. Previously, Mawson Infrastructure Group's creditors filed a Chapter 11 involuntary petition against the company (Bankr. D. Del. Case No. 24-12726) on Dec. 4, 2024. The petitioning creditors include W Capital Advisors Pty Ltd, Marshall Investments MIG Pty Ltd, and Rayra Pty Ltd. On November 4th, 2025, the United States Bankruptcy Court for the District of Delaware issued a written Order formalizing its ruling from the bench on October 21, 2025, dismissing with prejudice the involuntary bankruptcy petition filed against Mawson. The Order enables Mawson to pursue attorneys' fees and costs, any damages proximately caused by the involuntary petition, and potentially punitive damages against the petitioning creditors. Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 28, 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 incurred net losses since its inception, and had negative working capital and will need additional funding to continue operations. This raises substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $52 million in total assets, $61.4 million in total liabilities, and $9.4 million in total stockholders' deficit. MBK HOLDINGS: Hires May Oberfell Lorber LLP as Counsel ------------------------------------------------------ MBK Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Indiana to employ May Oberfell Lorber LLP as counsel. The firm will provide these services: a. preparation of motions, pleadings, applications, and conducting examinations incidental to administration; b. advice regarding its rights, duties, and obligation as debtor-in-possession; c. performance of legal services incidental and necessary to the day-to-day operations of the businesses; d. negotiation, preparation, confirmation, and consummation either of a sale of the debtor's assets, or confirmation of a plan or other means of resolving the issues in this case; and e. taking any and all other necessary action incident to the proper preservation and administration of the estate in the conduct of the Debtor's business. The firm will be paid at these rates: Partners $310 to $455 per hour Associates $250 to $368 per hour Paralegals $195 per hour Clerks $175 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Katherine E. Iskin, a partner at May Oberfell Lorber LLP as counsel, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Katherine Iskin, Esq. May Oberfell Lorber LLP 4100 Edison Lakes Parkway, Suite 100 Mishawaka, IN 46545 Telephone: (574) 243-4100 Facsimile: (574) 232-9789 Email: kiskin@maylorber.com About MBK Holdings, Inc. MBK Holdings, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ind. Case No. 25-31964) on December 15, 2025, with $500,001 to $1 million in assets and liabilities. Judge Paul E. Singleton presides over the case. John R. Humphrey, Esq. represents the Debtor as legal counsel. MCCLENDON & ASSOCIATES: Gets Interim OK to Use Cash Collateral -------------------------------------------------------------- McClendon and Associates, LLC received interim second approval from the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, to use cash collateral. The second interim order signed by Judge Jacob Brown 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 the U.S. Small Business Administration. This authorization will continue until further order of the court. As adequate protection, each creditor with a security interest in cash collateral will have a perfected post-petition lien on the cash collateral, with the same validity, priority and extent as its pre-bankruptcy lien. In addition, the Debtor was ordered to keep its property insured in accordance with the obligations under its loan and security agreement with the SBA. The next hearing is scheduled for February 17, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/m6oz8 from PacerMonitor.com. About McClendon & Associates LLC McClendon & Associates, LLC filed Chapter 11 bankruptcy petition (Bankr. M.D. Fla. Case No. 25-03798) on October 20, 2025, listing between $100,001 and $500,000 in assets and liabilities. Judge Jacob A. Brown oversees the case. The Debtor tapped Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP as its bankruptcy counsel. MCGLOTHLIN INVESTMENTS: Hires Wainwright & Co. as Realtor --------------------------------------------------------- McGlothlin Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to employ Diana Salyer, Associate Broker with Wainwright & Co. as realtor. The professional services to be rendered are: a. value the Debtor's property, a parcel of undeveloped land in Franklin County, Virginia, identified as Lot 30, Harbour Landing; b. market the property; c. secure a buyer for the Property at the highest and best sale price possible given the condition of the property; and d. take any other action necessary to perform the foregoing actions. The realtor will receive a commission equal to four (4) percent of the selling price. Ms. Salyer assured the court that she is a "disinterested person" as defined in Bankruptcy Code Sec. 101(14) and as required by Bankruptcy Code Sec. 327(a). The realtor can be reached at: Diana D. Salyer Wainwright & Co. 1202 Electric Road Salem, VA 24153 Office Phone: (540) 387-5800 Mobile: (540) 761-8667 T-Free: (540) 387-5800 Email: dianasalyersml@gmail.com About McGlothlin Investments, LLC McGlothlin Investments LLC is a Virginia-based company engaged in real estate ownership, development, and property management. McGlothlin Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 25-70840) on September 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Paul M. Black handles the case. The Debtor is represented by Richard D Scott, Esq. of LAW OFFICE OF RICHARD D SCOTT PC. MIDWEST SKIING: Seeks to Hire Mike Matezevich as Accountant ----------------------------------------------------------- Midwest Skiing Company, LLC filed an amended application seeking approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to hire Mike Matezevich as its accountant. Mr. Matezevich will assist with preparing monthly profit and loss statements, prepare tax returns, and prepare the annual report for the Wisconsin Department of Financial Institutions. Mr. Matezevich will charge these flat fees: a. $1,075 to prepare the Debtor's federal and state tax returns, b. $50 to prepare the annual report for the Wisconsin Department of Financial Institutions, c. $95 per Form 941 reporting period without Form 941 Schedule B and $75 per Form 941 reporting period with Form 941 Schedule B, d. $35 for Form 940, and e. $80 per month to prepare monthly profit and loss statements. Mr. Matezevich assured the court that he is a "disinterested person" within the meaning of Sec. 101(14) of the Code and as required by Sec. 327(a) of the Code. The accountant can be reached at: Michael Matezvich 925 Echo Dr Burlington, WI 53105 Phone: (262) 763-6615 About S El Camino Real LLC S El Camino Real LLC is a single asset real estate company. The company sought Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. Case No. 25-13335) on November 25, 2025. The petition lists estimated assets ranging from $1 million to $10 million and estimated liabilities of $1 million to $10 million. The case is overseen by Honorable Bankruptcy Judge Victoria S. Kaufman. S El Camino Real LLC is represented by Ron Bender, Esq. of Levene, Neale, Bender, Yoo & Golubchik L.L.P. MOD JEWELRY: Court Extends Cash Collateral Access to Jan. 15 ------------------------------------------------------------ Mod Jewelry Group, Inc. and Steel Horse Jewelry, Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral to fund operations. The interim order authorized the Debtors to use cash collateral through January 15 to pay the expenses set forth in their budget, subject to a 10% variance per line item and overall. As adequate protection, the U.S. Small Business Administration will be granted replacement liens on personal property acquired by the Debtors after their Chapter 11 filing, with the same priority and extent as their pre-bankruptcy liens. The replacement liens do not apply to avoidance actions and assets not subject to SBA's pre-bankruptcy rights and are subordinate to statutory fees owed to the Clerk of Court and the U.S. Trustee. The next hearing is scheduled for January 15. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Rsa5t from PacerMonitor.com. About Mod Jewelry Group Inc. Mod Jewelry Group, Inc. operates a branded jewelry business, specifically focused on motorcycle-themed products. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20333-PDR) on September 4, 2025. In the petition signed by Len D. Weiss, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Peter D. Russin oversees the case. Jordan L. Rappaport, Esq., at Rappaport Osborne & Rappaport, PLLC, represents the Debtor as legal counsel. MOGA TRANSPORT: Amends Special Category Unsecured Claims Details ---------------------------------------------------------------- Moga Transport, Inc., filed with the U.S. Bankruptcy Court for the Northern District of California a Combined Plan of Reorganization and Disclosure Statement. The Debtor is a fairly large trucking company organized in 2013 by two childhood friends. The business transports dairy products throughout California. On September 9, 2024, the Debtor filed the instant case to stop several lawsuits that are pending against it. The lawsuits have made it very difficult for the business to continue operations. Although the Debtor's business faces significant competition, it has stayed afloat and still can make money / pay creditors and operate. Class 2(a) consists of Small Claims General Unsecured Creditors. The allowed unsecured claims total $278,921.05. Creditors will receive 100% of their allowed claim in 60 equal monthly installments, due on the 10th day of the month, starting on the Plan's Effective Date. This class is impaired and is entitled to vote on confirmation of the Plan. Class 2(b) consists of Special Category Claims. The amount of claim in this Class total $505,000.00. As for the allowed unsecured settlement claims arising from pre-petition wage-and-hour litigation, including Gowar v. Moga Transport, Inc. and Benitez et al. v. Moga Transport, Inc., as compromised pursuant to the Stipulated Claim Settlement Agreement approved by the Court on December 17, 2025. Pursuant to the Settlement Agreement and the Court's approval order, each claimant group shall hold one allowed Class 2(b) claim in the amount of $250,000, for an aggregate allowed amount of $500,000 (collectively, the "Allowed Settlement Claims"). All other proofs of claim filed by or on behalf of such claimants shall be deemed withdrawn. The Allowed Settlement Claims shall be paid without interest in equal monthly installments over sixty months, commencing on the Effective Date of the Plan. All payments shall be made in cash to each claimant's counsel's designated client trust account, as provided in the Settlement Agreement. Steven Esparza, claimant in Steven Esparza v. Moga Transport, Inc., et al., Claim No. 44063434, pending before the Workers' Compensation Appeals Board of the State of California, holds an allowed unsecured claim arising from a workers' compensation settlement. Pursuant to the proposed treatment, Esparza shall be paid a total of $5,000.00, without interest, in sixty equal monthly installments of $83.34, commencing on the Effective Date of the Plan. Payments shall be made to Steven Esparza, c/o Work Injury Law Group, at the address designated by claimant's counsel. Upon completion of all payments required under this treatment, Esparza's claim shall be deemed satisfied in full, and Esparza shall be bound by the terms of the Plan. Creditors in this class may not take any collection action against Debtor so long as Debtor is not in material default under the Plan (defined in Part 6(c)). This class is impaired and is entitled to vote on confirmation of the Plan. Debtor has indicated above whether a particular claim is disputed but is still voluntarily offering payments to these creditors in an attempt to resolve these claims through this Chapter 11 Plan. On the Effective Date, all property of the estate and interests of the Debtor will vest in the reorganized Debtor pursuant to Section 1141(b) of the Bankruptcy Code free and clear of all claims and interests except as provided in this Plan. Except as provided in Part 6(d) and (e), the obligations to creditors that Debtor undertakes in the confirmed Plan replace those obligations to creditors that existed prior to the Effective Date of the Plan. Debtor's obligations under the confirmed Plan constitute binding contractual promises that, if not satisfied through performance of the Plan, create a basis for an action for breach of contract under California law. To the extent a creditor retains a lien under the Plan, that creditor retains all rights provided by such lien under applicable non-Bankruptcy law. A full-text copy of the Combined Plan and Disclosure Statement dated December 30, 2025 is available at https://urlcurt.com/u?l=P0dFuI from PacerMonitor.com at no charge. About Moga Transport Moga Transport Inc. is part of the general freight trucking industry. Moga Transport Inc. sought relief under Chapter 11 of the U.S. Bankruptcy (Bankr. N.D. Cal. Case No. 24-10478) on Sept. 9, 2024. In the petition filed by Prabhjeet Gil, as VP HR and legal, the Debtor estimated assets between $500,000 and $1 million, and estimated liabilities between $1 million and $10 million. Bankruptcy Judge William J .Lafferty handles the case. The Debtor is represented by: Arasto Farsad, Esq. FARSAD LAW OFFICE, P.C. 1625 The Alameda, Suite 525 San Jose, CA 95126 Tel: (408) 641-9966 E-mail: Farsadlaw1@gmail.com MOUNT ACADIA: Seeks to Hire Stapleton Group as CRO -------------------------------------------------- Mount Acadia Senior Properties LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of California to employ David Kieffer of The Stapleton Group as chief restructuring officer. The firm's services include: 1) take control of, preserve, manage and complete construction and stabilization of Debtor's Facility for the benefit of the Debtor's estate, including using DIP Financing proceeds and any other available funds to pay necessary vendors and service providers; 2) management of financial affairs of the Debtor; 3) supervision of the administration of the Debtor's Chapter 11 case, including assistance, if necessary, with the preparation of the Debtor's Schedules of Assets and Liabilities and Statement of Financial Affairs and the financial reporting required by the U.S. Trustee; 4) assistance and oversight of the marketing sale of Debtor's Facility after completion of construction and stabilization; 5) assistance in evaluating and pursuing bankruptcy avoidance claims and other litigation claims; 6) coordination with the Debtor's counsel, and assistance to the Debtor's counsel, with respect to the preparation of pleadings for proceedings in the Debtor's case; 7) review and evaluation of pleadings, financial reports and other documents filed by creditors or parties-in-interest in the Debtor's Chapter 11 case; 8) review and evaluation of claims asserted against the Debtor and the resolution of disputed claims asserted against the Debtor; 9) appearance at any proceedings or hearings in this Court, as appropriate; 10) assistance to the Debtor's counsel in the negotiation, formulation, confirmation and implementation of a Chapter 11 plan; 11) communication with creditors, any Official Committee of Unsecured Creditors that may be appointed in the Debtor's case and with other parties-in-interest in the Debtor's case; and 12) oerformance of the services typical of a CRO in a Chapter 11 case, and such other services as may be mutually agreed upon by the Debtor in furtherance of a resolution of this case. The firm will be paid at these rates: David Kieffer/Principal $615 per hour Senior Advisors $595 per hour Managing Directors $575 per hour Senior Directors $525 per hour Directors $495 per hour Associate Directors $475 per hour Vice Presidents & Senior Associates $425 per hour Consultants & Senior Consultants $325 per hour Analysts/Associates $225 per hour Administrative Staff $175 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Kieffer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David Kieffer The Stapleton Group 515 South Flower Street, 18th Floor Los Angeles, CA 90071 Tel: (213) 235-0600 About Mount Acadia Senior Properties LLC Mount Acadia Senior Properties LLC is a single-asset real estate company that owns one income-producing property. Mount Acadia Senior Properties LLC in Cardiff by the Sea, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Cal. Case No. 25-05308) on Dec. 23, 2025, listing as much as $10 million to $50 million in both assets and liabilities. John T. DeWald as managing partner, signed the petition. Judge J. Barrett Marum oversees the case. WINTHROP GOLUBOW HOLLANDER, LLP serve as the Debtor's legal counsel. MOUNTAIN REGIONAL: Final Cash Collateral Hearing Set for Jan. 8 --------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Utah is set to hold a hearing on January 8 to consider final approval of Mountain Regional Equipment Solutions, LLC's motion to use cash collateral. The Debtor was initially authorized to use cash collateral under the court's December 23 interim order. The interim order authorized the Debtor to use cash collateral consistent with its budget, subject to a 10% variance. It provided adequate protection to Convergent Capital Partners IV, L.P., Hillcrest Bank, and Rand Capital Corporation through replacement liens on post-petition assets (excluding avoidance actions) similar to their pre-bankruptcy collateral. Convergent holds a secured claim of approximately $9.16 million while Hillcrest Bank holds a secured claim of approximately $2.382 million. Meanwhile, Rand Capital may assert a secured claim of approximately $3.435 million, though no corresponding UCC filing has been found. The Debtor reported the existence of other equipment-related lienholders but those liens do not extend to cash collateral. As of the petition date, the Debtor reported approximately $208,638 in cash on hand and roughly $1.556 million in accounts receivable, both of which constitute cash collateral under the Bankruptcy Code. About Mountain Regional Equipment Solutions, LLC Mountain Regional Equipment Solutions LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Uta. Case No. 25-27678) on December 23, 2025. MOUNTAIN REGIONAL: Hires Jones & Walden LLC as Bankruptcy Counsel ----------------------------------------------------------------- Mountain Regional Equipment Solutions LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Jones & Walden LLC as counsel. The firm will render these services: (a) prepare pleadings and applications; (b) conduct of examination; (c) advise the Debtors of their rights, duties and obligations as debtors-in-possession; (d) consult with the Debtor and represent it with respect to their Chapter 11 plan and disclosure statement; and (e) perform those legal services incidental and necessary to the day-to-day operations of the Debtor's business; (f) take any and all other action incident to the proper preservation and administration of the Debtor's estate and business. The firm has stated present fee rates of $225 to $500 per hour for attorneys and $150 to $250 per hour for paralegals and law clerks. Cameron McCord, Esq., a partner at Jones & Walden, disclosed in a court filing that the firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Cameron M. McCord, Esq. JONES & WALDEN LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 Email: cmccord@joneswalden.com About Mountain Regional Equipment Solutions LLC Mountain Regional Equipment Solutions LLC supplies and services automated lubrication systems, safety systems, and maintenance products used in heavy mobile equipment and industrial machinery. Mountain Regional Equipment Solutions LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 25-27678) on December 19, 2025, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Todd Miceli as manager. Jeffrey L. Trousdale, Esq. at COHNE KINGHORN, P.C. serves as the Debtor's counsel. MOUNTAIN REGIONAL: Seeks to Hire Cohne Kinghorn as Local Counsel ---------------------------------------------------------------- Mountain Regional Equipment Solutions LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Cohne Kinghorn, P.C. as its local bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to duties and powers under the Bankruptcy Code, Bankruptcy Rules and related laws; b. assisting the Debtor with respect to legal issues which may arise from time to time in this Case; c. negotiating and preparing a plan of reorganization, disclosure statement and all related agreements and/or documents, and taking any necessary action on behalf of the Debtor to obtain confirmation of such plan; d. assisting the Debtor in collecting, preserving and disposing of assets; e. assisting the Debtor in determining the validity and amount of claims in the Case; f. advising and representing the Debtor with respect to causes of action which the Debtor may have against others; g. rendering legal advice and services to the Debtor regarding such other matters as may arise from time to time in this Case; and h. representation of the Debtor in all aspects of the Case other than matters relegated to special litigation counsel and/or to conflict counsel. The firm's billing rates are: Partners $260 to $550 per hour Paralegals $120 to $150 per hour The billing rate for Jeffrey Trousdale, who is expected to be the primary attorney working for the Debtor, is $330 per hour as of the date of this application and will increase to $365 per hour on January 1, 2026. The firm received an initial retainer totaling $10,000. Jeffrey Trousdale, Esq., a partner at Cohne Kinghorn, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jeffrey L. Trousdale, Esq. Cohne Kinghorn, P.C. 111 E. Broadway Eleventh Floor Salt Lake City, UT 84111 Telephone: (801) 363-4300 Facsimile: (801) 363-4378 Email: jtrousdale@ck.law About Mountain Regional Equipment Solutions LLC Mountain Regional Equipment Solutions LLC supplies and services automated lubrication systems, safety systems, and maintenance products used in heavy mobile equipment and industrial machinery. Mountain Regional Equipment Solutions LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 25-27678) on December 19, 2025, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Todd Miceli as manager. Jeffrey L. Trousdale, Esq. at COHNE KINGHORN, P.C. serves as the Debtor's counsel. MSLH LLC: Case Summary & 17 Unsecured Creditors ----------------------------------------------- Debtor: MSLH, LLC 791 Elvira Ave Far Rockaway, NY 11691 Business Description: MSLH, LLC operates as a real estate company, holding an improved non-residential property used for camp purposes at 3583 Scotland Road in Chambersburg, Pennsylvania. Chapter 11 Petition Date: January 1, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-40002 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN P.C. 100 Merrick Road Suite 304W Rockville Centre NY 11570-4807 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com Total Assets: $17,000,010 Total Liabilities: $13,476,648 The petition was signed by Abraham Bajnon as member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5QZ3WMA/MSLH_LLC__nyebke-26-40002__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 17 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Hiller Legacy Trust Loan $2,181,720 11 Perth Ave Chestnut Rdg, NY 10977-7217 2. Sam Stein Loan $900,000 229 NJ-70 Toms River, NJ 08755 3. LSF3-20 Trust Loan $500,000 791 Elvira Ave. Far Rockaway, NY 11691 4. ESF Income Corp. Loan $300,000 34 Eagle Ridge Cir Lakewood, NJ 08701-5825 5. Eastern Funding LLC Laundry & $176,084 213 W 35th St Ste 2W Equipment New York, NY 10001-0217 Financing 6. Carter Lumber Co. Construction $154,605 Todd A. Harpst, Esq. Materials Harpst Becker LLC 1559 Corporate Woods Parkway Ste 250 Uniontown, OH 44685 7. Zechaira Waxler, CPA $150,000 Roth & Co 1428 36th St Ste 200 Brooklyn, NY 11218-3765 8. Shlomo Gutfreund Loan $145,000 1266 Sage Street Far Rockaway, NY 11691 9. Simcha David Loan $136,000 124 Cedarhurst Ave. Ste. #5 Cedarhurst, NY 11516 10. Harvey Mermelstein Loan $110,000 132 Hards Lane Lawrence, NY 11559 11. Batsheva Tashman $100,000 Lakewood, NJ 08701 12. Equipment Leasing Group of Am Equipment $60,056 Andrew Sklar, Esq. Sklar Law, LLC Lease 1020 Laurel OakRoad 203 Cherry Hill, NJ 08034 13. Mordechai Schron Loan $50,000 300 Blvd. of Americas Lakewood, NJ 08701 14. Steve Grill Loan $30,000 35 East Olive Street Long Beach, NY 11561 15. Chesky Kauftiel $25,000 11 Lawrence Lane Lawrence, NY 11559 16. Mordechai Kliger Loan $25,000 1515 Pine St Lakewood, NJ 08701 17. Leah Bachon $10,000 2904 Bayswater Ave Far Rockaway, NY 11691-1728 MVP GROUP: Gets Final OK to Use Cash Collateral ----------------------------------------------- MVP Group, LLC received final from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral to fund operations. The court order authorized the Debtor to use its lenders' cash collateral pursuant to an agreed operating budget, subject to court approval or written lender consent for deviations. As adequate protection, lenders including Austin Financial Services, Inc., Investissement Quebec, and Libertas Funding LLC will receive continuing liens on all property of the Debtor that is similar to their pre-bankruptcy collateral, including all proceeds. To the extent the continuing liens do not fully protect against any diminution in the value of their pre-bankruptcy collateral, lenders will be granted replacement liens on the Debtor's current or future assets. These replacement liens do not extend to avoidance actions and are automatically perfected, with no further action required by the lenders. The Debtor's authority to use cash collateral remains effective until January 31, 2026; or earlier if terminated by an event of default, which includes noncompliance with the order, unauthorized liens; appointment of a trustee or examiner; conversion or dismissal of the Debtor's Chapter 11 case; or reversal of the interim order. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/fOsKQ from PacerMonitor.com. About MVP Group LLC MVP Group, LLC is a Fort Lauderdale-headquartered distributor of commercial food service equipment. The Company supplies products to restaurants, hotels, schools, government institutions, and other foodservice operators, with clients including global chains such as Subway, Burger King, Marriott and Best Western. MVP Group supports its operations through a network of warehouses, inventory centers and authorized service agents throughout North America. MVP Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.????S.D. Fla. Case No. 25-20199) on August 29, 2025. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Scott M. Grossman handles the case. Michael D. Seese, Esq., is the Debtor's legal counsel. Austin Financial Services, Inc., as lender, is represented by: Donald R. Kirk, Esq. Carlton Fields, P.A. P.O. Box 3239 Tampa, FL 33601-3239 (813) 223-7000 dkirk@carltonfields.com NAUTICAL IMPORTS: Seeks to Hire BransonLaw PLLC as Legal Counsel ---------------------------------------------------------------- Nautical Imports, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire BransonLaw, PLLC, including Jacob D. Flentke, Esq., Flentke Legal Consulting, PLLC, Of Counsel to BransonLaw, PLLC, as its counsel. The firm will render these services: (a) give advice to the Debtor with respect to its powers and duties as a Debtor-in-possession; (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 creditors in the preparation of a plan. The firm's attorneys request compensation at the following hourly rates: Jeffrey S. Ainsworth, Esq. $560 Jennifer Morando, Esq. $500 Jacob D. Flentke, Esq. $560 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Jeffrey Ainsworth, Esq., an attorney at BransonLaw, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeffrey Ainsworth, Esq. BransonLaw, PLLC 1501 E. Concord Street Orlando, FL 32803 Telephone: (407) 894-6834 Email: jeff@bransonlaw.com About Nautical Imports LLC Nautical Imports, LLC is a Florida-based company that imports seashells, sea-life products, and coastal-themed home decor and distributes them through multiple channels. It sells individual items through its e-commerce websites, The Seashell Company, HS Seashells and Coastal Decor Store, offering craft shells and coastal home furnishings. Nautical Imports filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24369) on December 4, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Scott M. Grossman presides over the case. Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. NAVIDEA BIOPHARMACEUTICALS: Asset Sale Proceeds to Fund Plan ------------------------------------------------------------ Navidea Biopharmaceuticals Inc. filed with the U.S. Bankruptcy Court for the District of Delaware a Subchapter V Plan dated December 30, 2025. The Debtor is a leader in precision medicine with immuno-targeted products designed to help identify the sites and pathways of undetected disease and enable better diagnostic accuracy, clinical decision-making, targeted treatment and, ultimately, patient care. The Debtor has two wholly-owned subsidiaries: Navidea Biopharmaceuticals Europe Limited ("Navidea Europe") and Navidea Biopharmaceuticals Limited ("Navidea UK") as well as a subsidiary that is majority-owned, Macrophage Therapeutics, Inc. ("MT"). The Debtor has approximately $2.5 million in unsecured debt owed to non-insiders, consisting mostly of vendor and legal services debt (the "Unsecured Debt"). Upon filing the Chapter 11 Case, the Debtor intended to pursue an efficient process for confirmation of a Plan that would restructure its balance sheet and permit it to emerge from chapter 11 focused on the successful development of its pharmaceutical products unburdened by certain long-standing liabilities and litigation. However, the contested evidentiary hearing on the DIP Motion, as well as the Debtor's informal discussions with the Stockholder, made evident that any Plan submitted by the Debtor without a proper market test would be faced with a costly and value-destructive valuation fight. Prosecuting valuation not only would be time-consuming, but would also require excessive funds that simply were not contemplated nor provided for under the DIP Financing. Thus, the Debtor determined that the best path forward for maximizing the value of its assets for the benefit of its estate was to initiate a court-supervised marketing process to explore all available strategic alternatives for consummating the highest and best transaction with respect to the Debtor's assets for the benefit of all stakeholders (collectively, the "Sale Process"). On December 11, 2025, the Debtor filed a Certificate of Counsel regarding the Bid Procedures Motion to include the hearing date approved by the Bankruptcy Court. That same day, Bankruptcy Court entered an order granting the Bid Procedures Motion (the "Bid Procedures Order"). Pursuant to the Bid Procedures Order, the Sale Process may result in a Sale of the Assets under section 363 of the Bankruptcy Code or, alternatively, a Plan Transaction, whereby a Plan Sponsor will fund distributions under a Plan and fund ongoing operations of the Debtor (thereby preserving the value of the Debtor's NOLs) (the "Sale Consideration"). On the Effective Date, the DIP Claims shall be paid in full and Allowed Secured Claims shall be paid [●]. With respect to Administrative Expenses and Priority Tax Claims, the Plan will be funded by the Sale Consideration. On Confirmation of this Plan, all property of the Debtor, tangible and intangible, including, without limitation, all Causes of Action, will transfer, free and clear of all Claims and Equity Interests except as provided in this Plan, to the Reorganized Debtor. The Debtor believes that the Reorganized Debtor will have enough cash on hand as a result of the Sale Process on the Effective Date of this Plan to pay all the Claims and expenses that are entitled to be paid on that date with the Sale Consideration. The Plan will be funded with the Sale Consideration. Allowed Administrative Expense Claims will be paid in full on the Effective Date. The Plan also provides for payment of Priority Tax Claims in accordance with the Bankruptcy Code. A full-text copy of the Subchapter V Plan dated December 30, 2025 is available at https://urlcurt.com/u?l=UTzbXS from Epiq Corporate Restructuring, LLC, claims agent. Counsel to the Debtor: Joseph C. Barsalona, II, Esq. Michael J. Custer, Esq. Alexis R. Gambale, Esq. Pashman Stein Walder Hayden, P.C. 824 North Market Street, Suite 800 Wilmington, DE 19801 Email: jbarsalona@pashmanstein.com About Navidea Biopharmaceuticals Navidea Biopharmaceuticals Inc. develops precision immunodiagnostic agents and immunotherapeutics, focusing on identifying disease sites and pathways to improve diagnostic accuracy, clinical decision-making, and targeted treatment. The Company's products are based on its Manocept platform, which targets the CD206 mannose receptor on activated macrophages, and includes Tc99m tilmanocept, a commercially developed diagnostic agent. Navidea operates in the United States and engages in global partnering and commercialization efforts within the biopharmaceutical and diagnostic instruments sectors. Navidea Biopharmaceuticals Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11779) on Oct. 1, 2025. In its petition, the Debtor reports total assets as of August 31, 2025 amounting to $1,202,555 and total liabilities as of August 31, 2025 of $12,874,821. Honorable Bankruptcy Judge J. Kate Stickles handles the case. The Debtor tapped Joseph C. Barsalona II, Esq., at Pashman Stein Walder Hayden, PC as counsel and SSG Advisors as investment banker. Epiq Corporate Restructuring, LLC is the Debtor's claims & noticing agent. David Klauder is appointed as trustee in this Chapter 11 case. The trustee tapped Bielli & Klauder, LLC as counsel. NEELY MOTORSPORTS: Hires Pierce Law Firm as Special Counsel ----------------------------------------------------------- Neely Motorsports, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Pierce Law Firm as special counsel. The firm will provide these services: a. Defense of Ongoing Enforcement Proceedings -- Continuing representation in the City of Lawndale's code-enforcement action involving the Debtor's operational property, including hearings, motion practice, negotiations with the City, and any related procedural matters. b. Investigation and Evaluation of Claims -- Assessing the factual and legal basis for potential claims against the City, including unconstitutional taking, improper enforcement, and related zoning or regulatory issues that impact the Debtor's use and value of its property. c. Prosecution of Inverse-Condemnation or Related Litigation (if warranted) -- Preparing, filing, and litigating any inverse-condemnation or other civil action arising from the City of Lawndale's conduct, including pleadings, discovery, expert consultation, motion work, appearances, and coordination of mediation or settlement discussions. d. Strategic Advice Related to Property and Operational Impact -- Advising the Debtor on litigation strategy, risk assessment, and potential outcomes as they relate to business operations, property rights, and the Debtor's ability to reorganize. e. Coordination With Bankruptcy Counsel -- Communicating with Chapter 11 counsel as needed to ensure compliance with the Bankruptcy Code, avoid duplication, and maintain consistent strategy between state-court matters and the Debtor's reorganization efforts. The firm's hourly rate is $590, but has agreed to charge $390 per hour for this engagement. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Bradley D. Pierce, Esq., a partner at Pierce Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradley D. Pierce, Esq. Pierce Law Firm 1440 North Harbor Boulevard, Suite 900 Fullerton, CA 92835 Telephone: (714) 308-5225 About Neely Motorsports, Inc. Neely Motorsports, Inc. is a long-standing supplier of U.S.-manufactured, military-spec Army and Navy aluminum plumbing and hardware serving defense contractors, aerospace firms, motorsports teams, marine industries, and home-built aircraft builders. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20834) on December 3, 2025. In the petition signed by Thomas J. Neely, president, the Debtor disclosed up to $205,763 in total assets and $2,771,336 in liabilities. Judge Sheri Bluebond oversees the case. Michael G. Spector, Esq., at the Law Offices of Michael G. Spector represents the Debtor as legal counsel. NELROY DRUGS: Gets Final OK to Use Cash Collateral -------------------------------------------------- Nelroy Drugs, Inc. received final approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral to fund operations. The court's final order authorized the Debtor to use cash collateral to pay the expenses set forth in its budget, subject to a 10% variance. Cardinal Health 110, LLC, successor-in-interest to Cardinal Health, Inc., will continue to receive monthly payments of $1,000 as adequate protection. These payments started last month. As additional protection for any diminution in the value of its collateral, the secured creditor will receive a replacement lien on assets constituting its pre-bankruptcy collateral. This replacement lien does not apply to any avoidance claims. In case the replacement lien proves inadequate, Cardinal Health will receive a superpriority administrative claim under Section 507(b), subject to a fee carveout. Other secured creditors including the U.S. Small Business Administration, Credibly of Arizona, LLC., and Healthsource Distributors, LLC will also receive replacement liens but no interim payments. Cardinal Health 110, LLC, as secured creditor, is represented by: Scott A. Zuber, Esq. Chiesa Shahinian & Giantomasi PC 105 Eisenhower Parkway Roseland, NJ 07068 Telephone: (973) 530-2046 Fax: (973) 325-1501 szuber@csglaw.com About Nelroy Drugs Inc. Nelroy Drugs, Inc. is a retail pharmacy located in Jamaica, New York. Nelroy Drugs sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-42745) on June 5, 2025. The petition was signed by Aliance R Nelson as president. Judge Nancy Hershey Lord oversees the case. The Debtor is represented by Richard S. Feinsilver, Esq. NEUROONE MEDICAL: Welcomes Jason Mills to the Board of Directors ---------------------------------------------------------------- NeuroOne Medical Technologies Corporation disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors voted to increase the size of the Board to five members and voted to appoint Jason R. Mills to the Board as a Class I director to fill the vacancy created by the increase in Board size, effective December 18, 2025. Mr. Mills will also serve on the Compensation and Nominating & Corporate Governance Committees of the Board, effective January 1, 2025. "We are privileged to welcome Jason to NeuroOne with his strong background in med-tech in both corporate settings and as an industry investment analyst," said Dave Rosa, CEO of NeuroOne. "Having known Jason since he was at Canaccord, I know he brings unparalleled and invaluable experience and insights in med-tech. His firsthand knowledge of our industry, combined with his investment and capital markets expertise, will be a critical resource as we progress on our clinical and corporate goals." Paul Buckman, Chairman of the Board of Directors, added, "In addition to his service on the Compensation and Nominating & Corporate Governance Committees, Jason will help us expand the breadth and depth of our reach as a company transforming the diagnosis and treatment of neurological disorders, positioning us to create additional value for our shareholders." Jason Mills currently serves as Executive Vice President of Strategy at NYSE-listed Penumbra, Inc., leading long-range planning, FP&A, Business Development, and Investor Relations. Penumbra is the world's leading thrombectomy company, focused on developing the most innovative technologies for challenging medical conditions such as ischemic stroke, venous thromboembolism such as pulmonary embolism, and acute limb ischemia. Prior to joining Penumbra, he was a dedicated med-tech investment analyst for more than two decades. Mr. Mills held the role of Managing Director and head of the medical technology equity research practice at Canaccord Genuity for over 13 years, where he prepared financial models and financial forecasts, published research, and conducted due diligence on dozens of public and private companies in the sector. He has earned awards for his equity research, including the #2 ranked Medical Devices analyst in The Wall Street Journal's 2011 'Best on the Street' Survey and #1 in the Medical Products segment of Forbes 2010 Best Brokerage Analysts. He holds a BA in Economics from Yale University and Masters in Sports Administration from Ohio University. In connection with his appointment to the Board, Mr. Mills will be compensated in accordance with the Company's non-employee director compensation policy. About NeuroOne Medical Technologies Headquartered in Eden Prairie, Minnesota, NeuroOne Medical Technologies Corporation -- nmtc1.com -- is a medical technology company focused on (i) diagnostic, ablation and deep brain stimulation technology for brain related conditions such as epilepsy and Parkinson's disease; (ii) ablation and stimulation for pain management throughout the body; and (iii) drug delivery including diagnostic and stimulation capabilities. The Company is developing and commercializing thin film electrode technology for continuous electroencephalogram ("cEEG") and stereoelectrocencephalography ("sEEG"), spinal cord stimulation, brain stimulation, drug delivery and ablation solutions for patients suffering from epilepsy, Parkinson's disease, dystonia, essential tremors, chronic pain due to failed back surgeries and other pain-related neurological disorders. The Company is also developing the capability to use its sEEG electrode technology to deliver drugs or gene therapy while being able to record brain activity before, during, and after delivery. Additionally, the Company is investigating the potential applications of its technology associated with artificial intelligence. Minneapolis, Minnesota-based Baker Tilly US, LLP, the Company's auditor since 2021, issued a "going concern" qualification in its report dated Dec. 17, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025, citing that had recurring losses from operations and an accumulated deficit, expects to incur losses for the foreseeable future and requires additional working capital. These are the reasons that raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, NeuroOne had $10.82 million in total assets, $2.64 million in total liabilities, and $8.18 million in total stockholders' equity. NEW MEXICO: Seeks to Hire Colliers International as Appraiser ------------------------------------------------------------- New Mexico Terminal Services LLC seeks approval from the U.S. Bankruptcy Court for the District of New Mexico to employ Colliers International Valuation & Advisory Services, LLC as appraiser. The firm will appraise the Debtor's real property located at 9615 Broadway Boulevard SE, Albuquerque, New Mexico 87015. The Debtor desires to employ Colliers at a flat fee of $15,000. Matthew Mintier, a broker at Colliers, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Clint Bogart, MAI Colliers International Valuation & Advisory Services, LLC 1233 West Loop South, Suite 900 Houston, TX 77027 Phone: (713) 705-7000 Email: Clint.Bogart@colliers.com About New Mexico Terminal Services LLC New Mexico Terminal Services LLC is classified as a single-asset real estate entity under 11 U.S.C. Section 101(51B). New Mexico Terminal Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.M. Case No. 25-11291) on October 16, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Robert H Jacobvitz handles the case. The Debtor is represented by Victor Gerald Grafe III, Esq. of VICTOR GRAFE LAW FIRM LLC. NORTH COUNTRY: Gets Interim OK for DIP Financing ------------------------------------------------ North Country Health Care, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Arizona to obtain debtor-in-possession financing to get through bankruptcy. The financing is a secured, superpriority, multiple draw term loan credit facility of up to $1 million to be provided by lenders, The NARBHA Institute and Northern Arizona Healthcare, each committing up to $500,000. An initial $300,000 will be available immediately. NARBHA Institute serves as administrative and collateral agent under the DIP facility. To protect the DIP lenders, the court granted them superpriority administrative expense claims and first-priority DIP liens. These liens attach to substantially all of the Debtor's assets, including real and personal property, accounts, equipment, insurance proceeds, and post-petition acquired property. The liens are subject only to a limited carveout for court costs, professional fees, and certain unavoidable pre-bankruptcy liens. Use of the DIP funds and cash collateral is tightly controlled. The Debtor must operate strictly within a court-approved budget, with funds primarily allocated to operating expenses, professional fees, and necessary capital expenditures. The order also includes healthcare-specific protections, prohibiting the financing from being tied to patient referrals and requiring notice to patients of their freedom to choose healthcare providers, ensuring compliance with applicable federal regulations. The financing is temporary and interim in nature. All obligations under the DIP facility mature on February 6 or earlier upon dismissal or conversion of the Debtor's Chapter 11 case or appointment of a trustee. Any failure to comply with the budget or required Chapter 11 milestones may result in default and termination of the financing. A final hearing to determine whether the full $1 million facility will be approved is scheduled for January 15. A copy of the interim DIP order and the Debtor's budget is available at https://shorturl.at/lUIc3 from PacerMonitor.com. The NARBHA Institute, as DIP lender, is represented by: Steven D. Jerome, Esq. Emily Gildar Yaron, Esq. Snell & Wilmer, LLP One E. Washington St., Suite 2700 Phoenix, AZ 85004-2556 Telephone: (602) 382-6000 sjerome@swlaw.com eyaron@swlaw.com Northern Arizona Healthcare, as DIP lender, is represented by: Robert P. Harris, Esq. Kaitlyn T. Swift, Esq. Quarles & Brady, LLP Renaissance One Two North Central Avenue Phoenix, AZ 85004-2391 Phone: 602-229-5200 robert.harris@quarles.com kaitlyn.swift@quarles.com About North Country Health Care Inc. North Country HealthCare is a federally qualified community health center in Flagstaff, Ariz., which provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. The organization operates clinics in 11 communities along the I-40 corridor and surrounding rural and underserved areas, offering services such as family medicine, pediatrics, obstetrics and gynecology, telemedicine, and health screenings. Founded in 1991 as the Flagstaff Community Free Clinic, it has since expanded into the region's primary community health center and also supports education and clinical training for healthcare students. North Country Health Care, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ari. Case No. 25-12293) on December 24, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Hon. Paul Sala oversees the case. The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones & Giles, PLC. NORTH COUNTRY: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- North Country HealthCare, Inc. got the green light from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral to fund operations. The court issued an interim order authorizing the Debtor to use cash collateral solely for ordinary post-petition operating expenses in accordance with its budget, subject to a 12.5% variance. As adequate protection, secured creditors will be granted replacement liens on all property of the Debtor, with the same priority and extent as their pre-bankruptcy liens. The Debtor's authority to use cash collateral expires at 11:59 p.m. on January 15, or earlier upon stay relief in favor of a secured creditor or conversion of its Chapter 11 case to Chapter 7. A final hearing is scheduled for January 15. Objections must be filed by January 8. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/TvuXH from PacerMonitor.com. North Country HealthCare has identified three creditors that may hold security interests in its cash collateral: JPMorgan Chase Bank, N.A. (approximately $4 million), Cardinal Health 110, LLC (approximately $400,000), and Avatar Hawthorne Portfolio (approximately $7 million). As of the petition date, the Debtor held roughly $1.17 million in deposit accounts at Chase, modest funds at BMO Bank, and investment accounts at Chase totaling approximately $1.47 million, including a restricted endowment account. The Debtor also reported approximately $15 million in gross receivables, though it believes this figure overstates collectible amounts and is in the process of reconciliation. The Debtor believes that the secured creditors do not hold liens on accounts receivable, which primarily consist of Medicare payments, grants, and other healthcare reimbursements, although Chase maintains account control agreements and is secured by an investment account. North Country HealthCare is a healthcare provider founded in 1991, headquartered in Flagstaff, with clinics in 11 northern Arizona communities, many located in rural or remote areas near major tourist destinations. Its mission is to provide affordable, quality healthcare to underserved populations, supported by grants, donations, and government payor programs. Beginning in early 2024, however, the Debtor experienced severe financial distress caused by Medicare overpayment liabilities of approximately $1.2 million, flawed budgeting in prior years, the loss of a planned $22 million bond financing, rising expenses, and declining revenues. After exploring restructuring alternatives, the Debtor concluded that it could not survive independently and that a sale of its operations was the only viable path forward. El Rio Health has agreed to acquire certain assets to continue the Debtor's mission, and two nonprofit organizations -- the NARBHA Institute and Northern Arizona Health -- have committed to funding a debtor-in-possession loan to support the Chapter 11 sale process. About North Country HealthCare Inc. North Country HealthCare, Inc is a healthcare provider founded in 1991, headquartered in Flagstaff, with clinics in 11 northern Arizona communities, many located in rural or remote areas near major tourist destinations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 19, 2025. In the petition signed by Anne Newland, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Paul Sala oversees the case. Philip J. Giles, Esq., at Allen, Jones & Giles, PLC, represents the Debtor as legal counsel. NORTH COUNTRY: Hires Allen Jones & Giles as Bankruptcy counsel -------------------------------------------------------------- North Country Healthcare, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Allen, Jones & Giles, PLC as counsel. The firm's services include: (a) providing the Debtor with legal advice with respect to its reorganization; (b) representing the Debtor in connection with negotiations involving secured and unsecured creditors; (c) representing the Debtor at hearings set by the Court in the Debtor's bankruptcy case; and (d) preparing necessary applications, motions, answers, orders, reports or other legal papers necessary to assist in the Debtor's reorganization. The firm's current hourly rates are: Philip J. Giles, Member $500 David B. Nelson, Associate $400 Ryan M. Deutsch, Associate $325 Zachary A. Phillips, Associate $300 Legal Assistants and Law Clerks $205 to 235 The firm received a retainer of $115,000. According to court filings, Allen, Jones & Giles, PLC is disinterested and does not hold or represent any interest adverse to the Debtor or the estate. The firm can be reached at: Philip J. Giles, Esq. David B. Nelson, Esq. Ryan M. Deutsch, Esq. ALLEN, JONES & GILES, PLC 1850 N. Central Ave., Suite 1025 Phoenix, AZ 85004 Ofc: (602) 256-6000 Fax: (602) 252-4712 Email: pgiles@bkfirmaz.com dnelson@bkfirmaz.com rdeutsch@bkfirmaz.com About North Country Healthcare, Inc. North Country HealthCare is a federally qualified community health center that provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. North Country Healthcare, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 19, 2025, listing $49,125,570 in assets and $19,223,852 in liabilities. The petition was signed by Anne Newland as CEO. Judge Daniel P. Collins presides over the case. Philip J. Giles, Esq. at ALLEN, JONES & GILES, PLC serves as the Debtor's counsel. NXT ENERGY: Acquires Complete Ownership of SFD Technology --------------------------------------------------------- NXT Energy Solutions Inc. announced that it has acquired the remaining rights to the SFD(R) technology previously owned by the heir of its founder and former NXT CEO, Mr. George Liszicasz. As a result of this transaction, NXT now holds full ownership of the SFD(R) technology across all present and future applications, sensor uses, and geophysical targets, including, but not limited to mineral systems and other strategic subsurface resources. Prior to this acquisition, NXT held ownership of the SFD(R) technology for hydrocarbon and geothermal applications. "Consolidating full ownership of SFD(R) technology under NXT simplifies our path forward," said Bruce Wilcox, NXT's Chief Executive Officer. "While our primary focus remains on serving the energy industry, this positions us to explore adjacent opportunities as they arise." The transaction was completed on arm's-length terms. The heir of Mr. George Liszicasz remains a significant shareholder of NXT. About NXT Energy NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method. This system can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD survey system enables the Company's clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures, and prospect prioritization on areas with the greatest potential. SFD is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration. Calgary, Canada-based MNP LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 27, 2025, citing that the Company's current cash position is not expected to be sufficient to meet the Company's obligations and planned operations for a year beyond the date of auditor's report, unless additional financing is obtained or new revenue contracts are completed. This raises substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had C$18.06 million in total assets, C$5.56 million in total liabilities, and C$12.5 million in total stockholders' equity. OASIS GB: Seeks to Gerdes Law Firm as Bankruptcy Counsel -------------------------------------------------------- Oasis GB, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Louisiana to hire Gerdes Law Firm, LLC as co-counsel. The firm's services include legal advice with respect to the Debtor's powers and duties in the continued operation of its business and management of its properties, and other legal services in connection with the Debtor's Chapter 11 case. The firm's hourly rates are: Attorneys $300 per hour Paralegals $90 per hour Gerdes received a retainer in the aggregate amount of $9,238 representing $1,738 the Chapter 11 filing fees and $7,500 for attorney's fees. Markus Gerdes, Esq., a partner at Gerdes Law Firm, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Markus E. Gerdes, Esq. Gerdes Law Firm 106 North Cypress Street Hammond, LA 70401 Tel: (985) 345-9404 Fax: (985) 543-0434 Email: Markus@gerdeslaw.net About Oasis GB, LLC Oasis GB, LLC, doing business as Tickfaw Landing, operates a full-service marina and waterfront residential development in Killian, Louisiana, offering boat storage, concierge boat services, and access to the Tickfaw River. The Company provides 250 dry boat slips across 48,750 square feet, alongside 62 waterfront residential lots and community amenities such as a pool and social events. Oasis GB serves recreational boating and waterfront property markets in the greater Baton Rouge area and southeastern Louisiana. Oasis GB, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. La. Case No. 25-11131) on December 10, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities between $1 million and $10 million each. The Debtor is represented by Markus E. Gerdes, Esq. of GERDES LAW FIRM, L.L.C. OFFICE PROPERTIES: Comm. Taps Alvarez & Marsal as Financial Advisor ------------------------------------------------------------------- The official committee of unsecured creditors of Office Properties Income Trust and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Alvarez & Marsal North America, LLC as its financial advisor. The firm will render these services: (a) assist in the assessment and monitoring of cash flow budgets, liquidity and operating results; (b) assist in the review of the Debtors' disclosures, including the Schedules of Assets and Liabilities, the Statements of Financial Affairs, monthly operating reports, and periodic reports; (c) assist in the review of the Debtors' cost/benefit evaluations with respect to the assumption or rejection of executory contracts and/or unexpired leases; (d) assist in the analysis of any assets and liabilities and any proposed transactions for which Court approval is sought; (e) attend meetings with the Debtors, the Debtors' lenders and creditors, the mediator, potential investors, the Committee and any other official committees organized in these chapter 11 cases, the U.S. Trustee, other parties in interest, and professionals hired by the same, as requested; (f) assist in the review of "first day" motions and proposed orders; (g) assist in the review of the Debtors' proposed key employee retention plan and key employee incentive plan, to the extent applicable; (h) assist in the review of any tax-related issues; (i) assist the Committee and its advisors in its investigation and pursuit of certain potential causes of action; (j) assist in the review of the claims reconciliation and estimation process; (k) assist in the review of the Debtors' business plan(s); (l) assist in the valuation of the Debtors' enterprise, equity, and any assets; (m) assist in the review of the sales or dispositions of the Debtors' assets, including allocation of sale proceeds; (n) assist the Committee and its advisors in potential settlement negotiations by analyzing potential recoveries to general unsecured creditors under any proposed chapter 11 plan, including by, but not limited to, analyzing potential plan structures, analyzing intercompany claims, and developing a distribution analysis; (o) assist in the review and/or preparation of information and analysis in connection with confirmation of a plan in these chapter 11 cases; and (p) render such other general business consulting or such other assistance as the Committee or its counsel may deem necessary, consistent with the role of a financial advisor and not duplicative of services provided by other professionals in these chapter 11 cases. The firm's standard hourly rates are: Managing Directors $1,100 to $1,575 Directors $850 to $1,100 Associates $625 to $825 Analysts $450 to $600 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mark Greenberg, a managing director at Alvarez & Marsal North America, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark Greenberg Alvarez & Marsal North America, LLC 600 Madison Avenue, 8th Floor New York, NY 10022 Tel: (212) 759 4433 Fax: (212) 759 5532 Email: mark.greenberg@alvarezandmarsal.com About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has 3,501,385,950 in total assets and$2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. OFFICE PROPERTIES: Committee Taps Willkie Farr as Legal Counsel --------------------------------------------------------------- The official committee of unsecured creditors of Office Properties Income Trust and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Willkie Farr & GallagherLLP as its counsel. The firm's services include: a. assisting and advising the Committee in connection with various forms of relief sought by the Debtors, including with respect to "first day" motions; b. assisting and advising the Committee in the evaluation and preservation of any claims and on any litigation matters, including avoidance actions, releases, and claims against directors and officers and any other party; c. assisting and advising the Committee in any matter relevant to the Debtors' tax attributes and the preservation of such attributes under a plan or through a sale of assets; d. assisting and advising the Committee in connection with the Debtors' proposed debtor-in-possession financing facility; e. assisting the Committee in the review, analysis, and negotiation of any chapter 11 plan(s) of reorganization or liquidation that may be filed, and assisting the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any such plan(s); f. assisting and advising the Committee in analyzing claims asserted against and interests in the Debtors, their affiliates and related parties, negotiating with the holders of such claims and interests, and bringing or participating in objections or estimation proceedings with respect to such claims and interests; g. assisting and advising the Committee in connection with the Bankruptcy Local Rules and the practices in the Southern District of Texas; h. generally preparing on behalf of the Committee all necessary motions, applications, answers, orders, reports, replies, responses, and papers in support of positions taken by the Committee, and appearing, as appropriate, before this Court and any appellate courts, and protecting the interests of the Committee before those courts and before the U.S. Trustee with respect to any of the above; and i. performing all other necessary legal services in these chapter 11 cases. Willkie's standard hourly rates are: Partners and Senior Counsel $1,950 to $2,795 Associates, Other Attorneys, and Law Clerks $790 to $1,850 Paraprofessionals $420 to $680 Willkie is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code and as used in section 328(c) of the Bankruptcy Code, according to court filings. The firm can be reached through: Brett H. Miller Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019-6099 Email: bmiller@willkie.com Tel: (212) 728-8268 About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has 3,501,385,950 in total assets and$2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. OFFICE PROPERTIES: Mediation Terminated Without Resolution ---------------------------------------------------------- As previously reported, on October 30, 2025, Office Properties Income (OPI) Trust and its debtor affiliates each commenced with the U.S.s Bankruptcy Court for the Southern District of Texas a voluntary case under chapter 11 of title 11 of the United States Code. Pursuant to the Agreed Mediation Order Appointing Judge Marvin Isgur as Mediator entered by the Bankruptcy Court, in early November 2025: (a) the Debtors, (b) an ad hoc group of holders of the Company's 9.000% Senior Secured Notes due September 30, 2029, (c) U.S. Bank Trust Company, National Association, as trustee and collateral agent under the September 2029 Senior Secured Notes, (d) an ad hoc group of holders of the Company's 3.250% Senior Secured Notes due December 11, 2027, (e) UMB Bank, National Association, as trustee and collateral agent under the 2027 Senior Secured Notes, (f) an ad hoc group of holders of certain of the Company's unsecured notes, (g) an ad hoc group of holders of the Company's 9.000% Senior Secured Notes due March 31, 2029, (h) Wilmington Savings Fund Society, FSB, as successor administrative agent to Wells Fargo Bank, National Association under that certain Second Amended and Restated Credit Agreement, dated January 29, 2024, and (i) Computershare Trust Company, National Association, as successor trustee to U.S. Bank Trust Company, National Association under the Company's 8.000% Senior Priority Guaranteed Unsecured Notes due 2030, commenced non-binding mediation to resolve all issues among the Parties, including, without limitation, with respect to the treatment of the 2027 Senior Secured Notes under the Debtors' chapter 11 plan and other disputed issues in connection with the Emergency Motion of Debtors for Entry of Interim and Final Orders: (I) Authorizing the Debtors to Use Cash Collateral and Obtain Postpetition Financing; (II) Granting Liens and Superpriority Administrative Claims; (III) Providing Adequate Protection; (IV) Scheduling a Final Hearing; and (V) Granting Related Relief (Docket No. 32) and that certain adversary proceeding commenced by the Debtors' filing of the Complaint for Declaratory Judgment, Injunctive Relief, and Damages (Adv. Pro. No. 25-03802, Docket No. 1). Subsequent to its appointment, the Official Committee of Unsecured Creditors (together with the Debtors, the September 2029 Ad Hoc Group, the September 2029 Notes Trustee, the 2027 Ad Hoc Group, the 2027 Senior Secured Notes Trustee, the Unsecured Notes Ad Hoc Group, the March 2029 Ad Hoc Group, the Secured Credit Facility Agent, and the Priority Guaranteed Notes Trustee each, a "Party" and, collectively, the "Parties") also began participating in mediation. The Parties--including advisors and principals--participated in the mediation and worked closely with the Mediator to reach resolution of the issues. Certain of the Parties received Mediator's proposals and provided responses to the Mediator, but none of the Parties made or received a proposal to or from another Party. However, as of 10:25 a.m. (prevailing Central Time) on December 22, 2025, an agreement had not been reached among the Parties and the Mediator terminated the mediation. Negotiations with respect to the issues addressed in the mediation are not currently continuing and may or may not resume in the future. About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has 3,501,385,950 in total assets and$2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. OMNICARE LLC: Hires Dechert LLP as Special Antitrust Counsel ------------------------------------------------------------ Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Dechert LLP as special antitrust counsel. The firm's services include: (a) analyzing and advising the Debtors on antitrust issues that may arise in connection with the sale of the Debtors' businesses; (b) preparing antitrust-related or merger control-related filings the Debtors may be required to file during these Chapter 11 Cases; and (c) providing any other antitrust-related services that the Debtors may request from time to time. Dechert's current hourly rate are: Partners $1,300 to $2,100 Counsel $1,100 to $1,300 Associates/Staff Attorneys $500 to $1,200 Paraprofessionals $150 to $500 The following answer the questions in Section D.1 of the U.S. Trustee Guidelines: (i) Dechert did not agree to any variations from, or alternatives to, its standard or customary billing arrangements for this engagement. (ii) None of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case. (iii) The billing rates and material financial terms of Dechert's prepetition engagement by the Debtors are comparable to such post-petition rates and terms as set forth in the Application. (iv) Dechert will prepare a budget and staffing plan for the Debtors' approval. As disclosed in the court filings, Dechert is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached through: Rani A. Habash, Esq. Dechert LLP 1900 K Street, NW Washington, DC 20006-1110 Telephone: (202) 261-3481 Facsimile: (202) 261-3333 Email: rani.habash@dechert.com 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. The Debtors tapped Jenner & Block, LLP and Haynes Boone as legal counsel; Houlihan Lokey as investment banker; Alvarez & Marsal as restructuring advisor; and Stretto, Inc. as claims agent. The U.S. Trustee has appointed an official committee of unsecured creditors. The committee tapped Herbert Smith Freehills Kramer (US) LLP as counsel. OROVILLE HOSPITAL: Seeks to Tap Cain Brothers as Investment Banker ------------------------------------------------------------------ Oroville Hospital and affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Cain Brothers, a division of KeyBanc Capital Markets Inc., as investment banker. The firm's services include: (a) providing perspectives and guidance to the Debtor and its advisors, the Board or Special Committee to assist in decision-making processes; (b) developing a timeline, identifying key milestones and decision points, and assisting the Board, the Special Committee, senior management, and the Debtor's advisors to assist in maintaining a timely process; (c) establishing a financial framework for a series of Transactions and assisting in preparing financial analyses and assisting with third-party consultant reports; (d) developing a list of potential Transaction partners/purchasers; (e) assisting the Debtor and its advisors in negotiations and execution of nondisclosure agreements, letters of intent, term sheets and/or a form of purchase and sale agreement and related definitive documents; (f) assisting with, coordinating and managing due diligence, including managing a virtual data room, diligence information requests and the Debtor's responses; (g) creating communication materials for presentations including executive summaries, management presentations and board updates; (h) meeting with UMB Bank, N.A., master trustee under the Debtor's 2018 and 2019 bond issuances ("UMB"), or its counsel, and any restricted bondholders identified by UMB at regular intervals, at the reasonable request of UMB, during the duration of this engagement for purposes of providing nonprivileged reporting and updates concerning the Transaction process; (i) assisting in the preparation for a regulatory review to achieve approval, including coordinating with legal counsel and other consultants as appropriate regarding regulatory stakeholders (e.g., the California Attorney General, the California Office of Health Care Affordability, as required); and (j) providing testimony, as necessary, with respect to matters on which Cain Brothers has been engaged to advise hereunder in any proceeding before a United States Bankruptcy Court (if required). The firm will receive compensation as follows: (a) a nonrefundable retainer in the amount of $250,000, payable in full promptly upon the execution hereof (the "Retainer"); (b) a monthly fee payable on the first day of the month following the execution of this letter agreement in the amount of $75,000 ("Monthly Fee") and earned for the period beginning on the first month after the execution of this letter agreement through the period ending on the later of: (i) the date on which the Debtor submits an application to the California Attorney General for approval of the Transaction, pursuant to California Corporations Code Secs. 5914, et al., if applicable to the Transaction; or (ii) if the Transaction is subject to approval of a United States Bankruptcy Court, the date on which the United States Bankruptcy Court enters an order approving the Transaction, pursuant to 11 U.S.C. Sec. 363, without respect to appeals, if any; and (c) a transaction fee (the "Transaction Fee") equal to the greater of (i) $2,750,000, or (ii) the sum of 1.5% of the Transaction Value for the first $200 million of Transaction Value and 2.5% of the portion of Transaction Value above $200 million, payable in full promptly upon consummation of a Transaction. All Monthly Fees paid by the Debtor will be credited to and against such Transaction Fee. Cain Brothers is "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Wyatt Ritchie James Moloney Cain Brothers 301 Avenue of the Americas, 37th Floor New York, NY 10019 Main: (212) 869 5600 Fax: (212) 869 64 Email: jmoloney@cainbrothers.com About Oroville Hospital Oroville Hospital is a full-service community healthcare provider located in Oroville, California. The hospital offers a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgical procedures, diagnostic imaging, and specialty care programs. Committed to patient-centered care, Oroville Hospital focuses on quality outcomes, compassionate service, and maintaining strong community health partnerships. Oroville Hospital sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-26876) on December 8, 2025. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Christopher M. Klein oversees the case. The Debtor is represented by Nicholas A. Koffroth, Esq. OUTPATIENT SERVICE: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division issued a second interim order authorizing Outpatient Service Providers, LLC to use cash collateral. The second interim order authorized the Debtor to use cash collateral to pay the expenses set forth in its budget and those amounts expressly authorized by the court, including payments to the SubChapter V trustee. This authorization will continue until the next hearing scheduled for January 13, 2026. To protect the interests of lenders, the interim order granted the lenders replacement liens on post-petition cash collateral, maintaining the same validity, extent, and priority as their pre-bankruptcy liens. The order also preserves the rights of the U.S. trustee or any appointed creditors' committee to challenge the validity or extent of such liens and allows for future motions seeking additional protections or restrictions. Outpatient Service Providers has two pre-bankruptcy lenders -- Que Capital, LLC and Gain Servicing, LLC -- that have UCC-1 liens; and four pre-bankruptcy lenders -- the U.S. Small Business Administration ($150,000), TMSL, LLC ($1.6 million), Vystar Credit Union ($100,000) and EPS Financial ($100,000) -- that may have liens on its cash and receivables. Apart from these lenders, the Debtor also has several service providers which it struggles to remain current with, and other unsecured debt which it unable to pay. About Outpatient Service Providers Outpatient Service Providers, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03588) on October 6, 2025, listing between $1 million and $10 million in liabilities. Andrew Layden serves as Subchapter V trustee. Judge Jacob A. Brown presides over the case. PALM BEACH: Aleida Martinez Molina Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Aleida Martinez Molina, Esq., as Subchapter V trustee for Palm Beach Sandal Company. Ms. Molina will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Molina declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Aleida Martinez Molina, Esq. 2121 NW 2nd Avenue, Suite 201 Miami, FL 33127 Telephone: (305) 297-1878 Email: Martinez@subv-trustee.com About Palm Beach Sandal Company Palm Beach Sandal Company designs, manufactures, and retails handcrafted leather sandals, producing classic footwear styles using premium leather materials. It operates a workshop and retail presence in West Palm Beach, Florida. Palm Beach Sandal Company filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25134) on December 23, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Erik P. Kimball presides over the case. Brian K. McMahon, Esq. represents the Debtor as legal counsel. PERASO INC: Appoints Cees Links to Board, Audit Committee --------------------------------------------------------- Peraso Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board appointed Cees Links as a director, effective immediately following the Annual Meeting, to fill the vacancy caused by the retirement of Ian McWalter upon the expiration of his term at the Annual Meeting. Mr. Links' term will expire at the next annual meeting of stockholders. In connection with Mr. Links' appointment to the Board, the Board also appointed him as a member of the Audit Committee of the Board to replace Dr. McWalter in such role. The Board has determined that Mr. Links is an "independent" director under the applicable rules of the U.S. Securities and Exchange Commission and the Nasdaq Stock Market. "Cees' vision and persistence with the original semiconductor design win for wireless local area networks turned out to be a major catalyst for a $20 billion per year wireless industry," remarked Ron Glibbery, CEO of Peraso Inc. "Cees brings a unique market perspective to our Board, and he will play an important role in helping Peraso navigate the next phase of our growth. We're delighted to have him join our Board." Since January 2024, Mr. Links, age 68, has served as chief executive officer of SuperLight Photonics B.V., a Netherlands-based photonics semiconductor company engaged in the development of broadband light sources for imaging applications that was declared bankrupt in September 2025; following a restructuring, the company restarted under the name Integrated Laser Photonics B.V. in October 2025. In 2004, Mr. Links founded GreenPeak Technologies B.V., a fabless semiconductor company focused on low-power wireless solutions for smart-home and Internet of Things (IoT) applications, and served as its chief executive officer until the company was acquired by Qorvo, Inc. in 2016. Following the acquisition, he served in leadership roles at Qorvo, Inc. involving Wi-Fi and IoT technology integration and related strategic initiatives. Prior to founding GreenPeak Technologies B.V., Mr. Links held various management and technical positions at other technology companies including NCR Corporation, AT&T, Lucent Technologies and Agere Systems. Mr. Links holds an M.Sc. degree in Applied Mathematics and a B.Sc. degree in Electrical Engineering from the University of Twente in the Netherlands. Mr. Links will receive compensation for his service on the Board pursuant to the compensation program for the Company's non-employee directors, as in effect from time to time during his service on the Board. The Company's current non-employee director compensation program is described on page 12 of the Company's definitive proxy statement filed with the SEC on November 25, 2025. In addition, Mr. Links and the Company will enter into the Company's standard form of indemnification agreement, a copy of which is available at https://tinyurl.com/368c9w7f About Peraso Inc. Headquartered in San Jose, California, Peraso Inc. -- https://www.perasoinc.com -- is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, immersive video and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. As of September 30, 2025, the Company had $6.2 million in total assets, $2.6 million in total liabilities, and $3.6 million in total stockholders' equity. In its report dated March 28, 2025, the Company's auditor, Weinberg & Company, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that during the year ended Dec. 31, 2024, the Company incurred a net loss and utilized cash in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. PERASO INC: Stockholders OK Four Proposals at Annual Meeting ------------------------------------------------------------ Peraso Inc. held its Annual Meeting and a quorum for the transaction of business was present in person virtually or represented by proxy, which represented approximately 38.7% of the voting power of the Company's outstanding shares of voting stock entitled to vote at the Annual Meeting. The Company's stockholders voted on four proposals, which are described in more detail in the Proxy Statement. Final voting results for each proposal submitted to a vote of the stockholders at the Annual Meeting: Proposal 1. Election of directors to serve until the next annual meeting of stockholders. 1. Ronald Glibbery * For: 514,773 * Withheld: 237,335 * Broker Non-Vote: 2,820,861 2. Daniel Lewis * For: 519,554 * Withheld: 232,554 * Broker Non-Vote: 2,820,861 3. Andreas Melder * For: 580,103 * Withheld: 172,005 * Broker Non-Vote: 2,820,861 4. Robert Y. Newell * For: 586,491 * Withheld: 165,617 * Broker Non-Vote: 2,820,861 All the candidates were elected to serve as directors until the next annual meeting of stockholders and until the election and qualification of his successor or his earlier resignation or removal. Proposal 2. Ratification of the audit committee's appointment of Weinberg & Company, P.A. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. * For: 3,480,865 * Against: 56,671 * Abstain: 35,433 * Broker Non-Vote: - Proposal 2 was approved. Proposal 3. Approval of the amendment of the 2019 Plan to increase the number of shares currently reserved for issuance thereunder by 1,000,000 shares. * For: 607,999 * Against: 133,528 * Abstain: 10,581 * Broker Non-Vote: 2,820,861 Upon recommendation of the Compensation Committee of the Board, approved an amendment to the Company's Amended and Restated 2019 Stock Incentive Plan to remove the limits on the number of shares of the Company's common stock subject to equity awards that may be granted to non-employee members of the Board. The Board previously approved an amendment to the 2019 Plan to increase the number of shares reserved for issuance thereunder by 1,000,000 shares, which amendment was approved by the stockholders. A copy of the Amended and Restated 2019 Plan is available at https://tinyurl.com/mr2354ny Proposal 4. Approval of one or more adjournments of the Annual Meeting. * For: 3,117,397 * Against: 391,631 * Abstain: 63,941 * Broker Non-Vote: - Proposal 4 was approved. About Peraso Inc. Headquartered in San Jose, California, Peraso Inc. -- https://www.perasoinc.com -- is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, immersive video and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. As of September 30, 2025, the Company had $6.2 million in total assets, $2.6 million in total liabilities, and $3.6 million in total stockholders' equity. In its report dated March 28, 2025, the Company's auditor, Weinberg & Company, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that during the year ended Dec. 31, 2024, the Company incurred a net loss and utilized cash in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. PINE GATE: Committee Hires Jefferies LLC as Investment Banker ------------------------------------------------------------- The official committee of unsecured creditors of Pine Gate Renewables, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Jefferies LLC as its investment banker. The firm will render these services: (a) become familiar with, to the extent Jefferies deems appropriate, and analyze the business, operations, properties, financial condition and prospects of the Debtors; (b) assist and advise the Committee in its evaluation of the Debtors' proposed debtor-in-possession financing and potential alternative sources of financing; (c) assist and advise the Committee in its analysis, review and due diligence of the Debtors' proposed business plan; (d) assist and advise the Committee in its evaluation of any restructuring proposals and potential exit financing alternatives, including the feasibility of such; (e) assist and advise the Committee in its evaluation of the Debtors' capital structure and debt capacity; (f) assist and advise the Committee in its negotiations with the Debtors and other parties-in-interest, as requested; (g) advise the Committee on the current state of the restructuring and capital markets; and (h) render such other investment banking services as may from time to time be agreed upon by the Committee and Jefferies. Jefferies will receive compensation as follows: (a) Monthly Fee. A monthly fee equal to $125,000 per month until the termination of the Engagement Letter. The first Monthly Fee shall be payable as of the date of the Engagement Letter, and each subsequent Monthly Fee shall be payable in advance on each monthly anniversary of such date. Commencing with the fourth full Monthly Fee actually paid hereunder, an amount equal to 50% of the Monthly Fees actually paid to Jefferies shall be credited against any Transaction Fee that subsequently becomes payable to Jefferies under the Engagement Letter. (b) Transaction Fee. Upon the consummation of any chapter 11 plan or a sale or other business transaction or series of transactions involving all or a material portion of the Debtors' equity or assets, a transaction fee in an amount equal to $2,500,000; provided, however, for the avoidance of doubt, only one Transaction Fee shall be payable to Jefferies pursuant to the Engagement Letter. (c) Expenses. In addition to any fees that may be paid to Jefferies under the Engagement Letter, whether or not any Transaction occurs, the Debtors will reimburse Jefferies, promptly upon receipt of an invoice therefor, for all reasonable costs and expenses, including ancillary expenses, travel costs, document production and other similar expenses, and reasonable fees and expenses of counsel and other professional advisors and independent experts, incurred by Jefferies and its designated affiliates in connection with the engagement contemplated under the Engagement Letter. Leon Szlezinger, a Managing Director and Joint Global Head of Debt Advisory & Restructuring, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Leon Szlezinger Jefferies LLC 520 Madison Avenue New York, NY 10022 Tel: (212) 284-2300 About Pine Gate Renewables Pine Gate Renewables, LLC develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and its affiliates filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90669) on November 6, 2025. In their petitions, Pine Gate Renewables reported between $1 billion and $10 billion in assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors tapped Timothy A. Davidson II, Esq., at Hunton Andrews Kurth, LLP and Latham & Watkins LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; Lazard Freres & Co., LLC as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. PINE GATE: Committee Hires Province LLC as Financial Advisor ------------------------------------------------------------ The official committee of unsecured creditors of Pine Gate Renewables, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Province, LLC as financial advisor. The firm's services include: (a) becoming familiar with and analyzing the Debtors' DIP budget, assets and liabilities, and overall financial condition; (b) reviewing financial and operational information furnished by the Debtors; (c) monitoring the sale process, interfacing with the Debtors' professionals, and advising the Committee regarding the process; (d) scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; (e) analyzing the Debtors' proposed business plans and developing alternative scenarios, if necessary; (f) assessing the Debtors' various pleadings and proposed treatment of unsecured creditor claims therefrom; (g) preparing, or reviewing as applicable, avoidance action and claim analyses; (h) assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, DIP budgets, and monthly operating reports; (i) advising the Committee on the current state of these chapter 11 cases; (j) advising the Committee in negotiations with the Debtors and third parties as necessary; (k) if necessary, participating as a witness in hearings before the Court with respect to matters upon which Province has provided advice; and (l) other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. Province's current standard hourly rates are: Per Hour (USD) Managing Directors and Partners $850 to $1,450 Vice Presidents, Directors, and Senior Directors $700 to $1,050 Analysts, Associates, and Senior Associates $350 to $825 Paraprofessional / Admin $270 to $450 Effective as of January 1, 2026, the firm's revised hourly rates are: Managing Directors and Principals $900 to $1,600 Vice Presidents, Directors, and Senior Directors $700 to $1,050 Analysts, Associates, and Senior Associates $370 to $750 Paraprofessional / Admin / Interns $270 to $380 In addition, the firm will seek reimbursement for expenses incurred. Sanjuro Kietlinski, Esq., a partner at Province, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Sanjuro Kietlinski Province LLC 2360 Corporate Circle, Suite 340 Henderson, NV 89074 Telephone: (702) 685-5555 E-mail: info@provincefirm.com About Pine Gate Renewables Pine Gate Renewables, LLC develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and its affiliates filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90669) on November 6, 2025. In their petitions, Pine Gate Renewables reported between $1 billion and $10 billion in assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors tapped Timothy A. Davidson II, Esq., at Hunton Andrews Kurth, LLP and Latham & Watkins LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; Lazard Freres & Co., LLC as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. PINE GATE: Committee Hires White & Case LLP as Co-Counsel --------------------------------------------------------- The official committee of unsecured creditors of Pine Gate Renewables, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire White & Case LLP as co-counsel. The firm will render these services: (a) advise the Committee regarding its rights, powers, and duties under the Bankruptcy Code and in connection with these Chapter 11 Cases; (b) assist and advise the Committee in its consultations and negotiations with the Debtors concerning the administration of these Chapter 11 Cases; (c) assist and advise the Committee in its examination, investigation, and analysis of the acts, conduct, assets, liabilities, and financial condition of the Debtors, including (without limitation) reviewing and investigating prepetition transactions, the operation of the Debtors’ business, and the value of such business; (d) assist the Committee in the review, analysis, and negotiation of any chapter 11 plan(s) that have been or may be filed and assist the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any chapter 11 plan(s); (e) take all necessary action to protect and preserve the interests of the Committee and creditors holding general unsecured claims against the Debtors’ estates, including (i) the investigation and possible prosecution of actions enhancing the Debtors’ estates including any potential challenges to the scopes of the prepetition security interests of the Company’s first lien lenders, and (ii) review and analysis of claims filed against the Debtors’ estates; (f) review and analyze motions, applications, orders, statements of operations, and schedules filed with the Bankruptcy Court and advise the Committee as to their propriety; (g) prepare on behalf of the Committee all necessary pleadings, applications, memoranda, orders, reports, and other papers, in support of positions taken by the Committee; (h) represent the Committee at all court hearings, statutory meetings of creditors, and other proceedings before this Court; (i) assist the Committee in the review, analysis, and negotiation of any financing agreements; (j) assist and advise the Committee as to its communications with its constituents regarding significant matters in these Chapter 11 Cases, including but not limited to, communications required under section 1102(b)(3) of the Bankruptcy Code; and (k) perform such other legal services as required or otherwise deemed to be in the interests of the Committee in connection with these Chapter 11 Cases. The firm will be paid at these hourly rates: Effective 2025 January 1, 2026 Partners $1,690 to $2,500 $1,840 to $2,700 Counsel $1,630 $1,790 Associates $870 to $1,580 $940 to $1,710 Paraprofessionals $355 to $700 $365 to $745 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Gregory F. Pesce, Esq., a partner at White & Case LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Gregory F. Pesce, Esq. White & Case LLP 111 South Wacker Drive, Suite 5100 Chicago, IL 60606 Tel: (312) 881-5400 Fax: (312) 881-5450 Email: gpesce@whitecase.com About Pine Gate Renewables Pine Gate Renewables, LLC develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and its affiliates filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90669) on November 6, 2025. In their petitions, Pine Gate Renewables reported between $1 billion and $10 billion in assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors tapped Timothy A. Davidson II, Esq., at Hunton Andrews Kurth, LLP and Latham & Watkins LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; Lazard Freres & Co., LLC as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. PINE GATE: Committee Taps Pachulski Stang Ziehl & Jones as Counsel ------------------------------------------------------------------ The official committee of unsecured creditors of Pine Gate Renewables, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Pachulski Stang Ziehl & Jones LLP as counsel. The firm will render these services: a. advise the Committee with respect to its rights, duties, and powers in these Chapter 11 Cases; b. assist and advise the Committee in its consultations with the Debtors relative to the administration of these Chapter 11 Cases; c. assist the Committee in analyzing the claims of the Debtors' creditors and the Debtors' capital structure and in negotiating with holders of claims; d. assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors and of the operation of the Debtors' businesses; e. assist the Committee in its investigation of, inter alia, the liens and claims of the Debtors' lenders and the prosecution of any claims or causes of action revealed by such investigation; f. assist the Committee in its analysis of, and negotiations with, the Debtors or any third-party concerning matters related to, among other things, the assumption or rejection of leases of nonresidential real property and executory contracts, asset dispositions, financing or other transactions, and the terms of one or more plans of reorganization for the Debtors and accompanying disclosure statements and related plan documents; g. assist and advise the Committee in communicating with unsecured creditors regarding significant matters in these Chapter 11 Cases; h. represent the Committee at hearings and other proceedings; i. review and analyze applications, orders, statements of operations, and schedules filed with the Court and advise the Committee as to their propriety; j. assist the Committee in preparing pleadings and applications as may be necessary in furtherance of the Committee's interests and objectives; 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. perform such other legal services as may be required or requested or as may otherwise be deemed in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules or other applicable law. PSZJ's current standard hourly rates are: Partners $1,150 - $2,350 Of Counsel $1,050 - $1,850 Associates $725 - $1,225 Paraprofessionals $595 - $675 The firm provides the following responses to the questions set forth in Part D of the Appendix B Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under United States Code by Attorneys in Larger Chapter 11 Cases (the "Revised UST Guidelines"): Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and reasons for the difference. Response: N/A Question: Has your client approved your respective budget and staffing plan, and, if so, for what budget period? Response: N/A Bradford J. Sandler, Esq., a partner at Pachulski Stang Ziehl & Jones LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradford J. Sandler, Esq. Robert J. Feinstein, Esq. Pachulski Stang Ziehl & Jones LLP 1700 Broadway, 36th Floor New York, NY 10019 Telephone: (212) 561-7700 Facsimile: (212) 561-7777 Email: bsandler@pszjlaw.com rfeinstein@pszjlaw.com About Pine Gate Renewables Pine Gate Renewables, LLC develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and its affiliates filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90669) on November 6, 2025. In their petitions, Pine Gate Renewables reported between $1 billion and $10 billion in assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors tapped Timothy A. Davidson II, Esq., at Hunton Andrews Kurth, LLP and Latham & Watkins LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; Lazard Freres & Co., LLC as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. PINE GATE: Court OKs Unsecured Guarantees for Solar Project Funding ------------------------------------------------------------------- NPA 2023 Holdco, LLC, an affiliate of Pine Gate Renewables LLC, received approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to enter into and perform under three related unsecured guarantees that are critical to the financing structure of certain solar energy projects known as the Polaris A Projects. Under the court order, NPA Holdco is authorized to incur unsecured administrative-priority obligations by issuing a Cash Diversion Guaranty in favor of the Polaris A Agent, an Indemnification Guaranty in favor of the Preferred Equity Investor, and an AutoZone Indemnification Guaranty in connection with an existing tax credit purchase agreement. These guarantees collectively replace prior guarantees issued by Pine Gate, which can no longer perform due to its bankruptcy, and are required by lenders, equity investors, and tax credit purchasers as conditions to proceeding with a key financing milestone known as "Term Conversion." Term Conversion is tied to the completion of construction of the East Atmore solar project and governs whether construction loans convert into long-term debt or are immediately accelerated, making its successful occurrence essential to avoiding default and maximizing asset value. Because the conditions to Term Conversion have not been satisfied due to Pine Gate's bankruptcy and related defaults, the lenders, Preferred Equity Investor, and AutoZone have conditioned their willingness to proceed on NPA Holdco's assumption of these guarantee obligations. The Debtors said that entering into the Unsecured Guarantees is a sound exercise of business judgment, as it enables Term Conversion, avoids acceleration of significant debt, facilitates repayment of bridge loans, and materially enhances the value of the Carlyle Assets that are being marketed for sale. Since the petition date, the court has approved bidding procedures for the sale of the Debtors' assets, including a stalking horse transaction with Carlyle, and has authorized post-petition DIP financing to fund operations and the administration of the cases. NPA Holdco's non-debtor affiliates own three utility-scale solar projects in Alabama and Texas, which were financed under a 2024 credit agreement with a syndicate of lenders. That agreement contemplates Term Conversion upon completion of the East Atmore Project, with different consequences for construction loans and bridge loans. The Cash Diversion Guaranty is necessary to protect lenders against potential shortfalls in debt service caused by the priority distribution rights of Pine Gate Polaris Class A, LLC, while the Indemnification and AutoZone Parts, Inc guarantees are required to enable the preferred equity contribution and the sale of tax credits that will be used to repay bridge loans in full at or shortly after Term Conversion. The order is available at https://is.gd/xRjAOB from PacerMonitor.com. About Pine Gate Renewables Pine Gate Renewables, LLC develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and its affiliates filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90669) on November 6, 2025. In their petitions, Pine Gate Renewables reported between $1 billion and $10 billion in assets and liabilities. Honorable Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors tapped Timothy A. Davidson II, Esq., at Hunton Andrews Kurth, LLP and Latham & Watkins LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; Lazard Freres & Co., LLC as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. POSH QUARTERS: Unsecureds to Get 1 Cent on Dollar in Plan --------------------------------------------------------- Posh Quarters LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida an Amended Subchapter V Plan of Reorganization dated December 30, 2025. This Plan of Reorganization proposes to pay unsecured creditors of the Debtor all disposable income during months 1 to 36 from future income of the Debtor derived from income generated from the restaurant business that the Debtor will operate during the term of the plan. This Plan provides for 2 class(es) of secured claims, 2 Classes of Priority Claims and 1 class of unsecured claims. Unsecured creditors holding allowed claims will receive distributions which the proponent of this Plan has valued at approximately 1 cents on the dollar based upon current projections of disposable income. This Plan also provides for the payment of administrative and priority claims either upon the effective date of the Plan or as allowed under the Bankruptcy Code. Class 4 consists of All General Unsecured Claims, including any wholly unsecured second mortgage claims identified above and any unsecured portion of claims valued pursuant to Section 506 of the Bankruptcy Code. The Debtor will pay the amount of $100.00 per month for months 1 36 of the plan in complete satisfaction of the unsecured claims in this case, including any unsecured deficiency claims as a result of valuations pursuant to Section 506 of the Bankruptcy Code. A full-text copy of the Amended Subchapter V Plan dated December 30, 2025 is available at https://urlcurt.com/u?l=P9ywqk from PacerMonitor.com at no charge. Counsel to the Debtor: Bryan K. Mickler, Esq. . Law Offices of Mickler & Mickler, LLP 5452 Arlington Expressway Jacksonville, FL 322211 Tel: (904) 725-0822 Fax: (904) 725-0855 About Posh Quarters Posh Quarters, LLC, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02748) on Aug. 8, 2025, with $1,178,812 in assets and $1,639,809 in liabilities. Lisa Adams, manager, signed the petition. Judge Jason A. Burgess presides over the case. Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP represents the Debtor as bankruptcy counsel. POSIGEN PBC: Hires Mr. Del Genio and Mr. Pugh of FTI as CRO ----------------------------------------------------------- PosiGen, PBC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ FTI Consulting, Inc. to designate Robert Del Genio and Justin D. Pugh as co-chief restructuring officers. The firm will provide these services: a. assist management and other professionals in negotiating and implementing any financing, including DIP and exit financing facilities, in conjunction with the plan of reorganization; b. assist with contingency planning, including preparation of associated required financial and operating information, assistance with operational readiness, and due diligence support in connection with such contingency plans; c. assist with the development of creditor, customer, and employee communications plans; d. assist with the development of management incentive and employee retention plans that may be required to maintain key individuals and continuity through a reorganization; e. assist with business plan projections and scenarios as needed to support management with developing strategic and operational alternatives, responding to diligence requests, and negotiations with the lender groups and/or other stakeholders; d. assist with managing liquidity and with the preparation of cash and liquidity forecasts, including a rolling 13-week cash flow forecast, cash receipts, and disbursement analyses, and budget vs. actual reporting; e. assist with vendor management programs and vendor negotiations; f. assist with the preparation of the plan of reorganization and disclosure statement, including relevant supporting exhibits; g. prepare documents such as the statements of financial affairs, schedules of assets and liabilities, claims analysis, monthly operating reports, and other reporting that the Court may require, or to support emergence; h. provide testimony during these chapter 11 cases, as required; i. assist in the identification of executory contracts and unexpired leases and the performance of cost/benefit evaluations for the assumption or rejection of each as necessary; j. attend meetings and assist in discussions with the Debtors' lenders, the Committee and any other official committee appointed in these chapter 11 cases, the U.S. Trustee, and other parties in interest and professionals hired by the same, as requested; k. assist with claims management and claims reconciliation; and l. assist with other advisory services as may be agreed upon by FTI and the Company. The firm will be paid at these rates: Del Genio $1,580 per hour Pugh $1,495 per hour Senior Managing Directors $1,185 to $1,580 per hour Directors / Senior Directors Managing Directors $890 to $1,195 per hour Consultants/Senior Consultants $485 to $850 per hour Administrative / Paraprofessionals $190 to395 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Robert Del Genio, a Senior Managing Director, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert Del Genio FTI Consulting, Inc. 1166 Avenue of the Americas, 15th Floor New York, NY 10036 Tel: (212) 247-1010 Email: robert.delgenio@fticonsulting.com About PosiGen, PBC PosiGen, PBC is a residential solar energy company. PosiGen PBC and its debtor-affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90787) on Nov. 24, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtors have hired at White & Case as counsel; FTI Consulting, Inc., as financial advisor; and Kroll Restructuring Administration, LLC as claims and noticing agent. The Official Committee of Unsecured Creditors has retained McDermott Will & Schulte LLP and Pachulski Stang Ziehl & Jones LLP as counsel. PRAESUM HEALTHCARE: Taps Sheppard Mullin as Transaction Counsel --------------------------------------------------------------- Praesum Healthcare Services, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Sheppard, Mullin, Richter & Hampton LLP as special transaction counsel. The firm will be advising, counseling and representing the Debtors with respect to the financing transactions, as well legal strategy related to negotiations and preparing definitive documentation related to the transactions. The current hourly rates for the Sheppard attorneys are: Frank Dworak $1,730 Aytan Dahukey $1,340 Jennifer Nassiri $1,315 Ashley Wheelock $1,095 Catherine Jun $1,025 Karl Buhler $1,000 Krissa Webb $1,000 John Herbstritt $715 The firm received a retainer in the amount of $150,000. As disclosed in the court filings, Sheppard, Mullin, Richter & Hampton LLP is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Aytan Dahukey, Esq. Sheppard, Mullin, Richter & Hampton LLP 350 South Grand Avenue, 40th Floor Los Angeles, California 90071-3460 Telephone: (310) 228-3729 Email: adahukey@sheppardmullin.com About Praesum Healthcare Services, LLC Praesum Healthcare Services LLC operates a network of behavioral health and addiction treatment facilities across the United States, offering a full continuum of care that includes medical detoxification, residential rehabilitation, and outpatient counseling. The Company's brands include Sunrise Detox, which provides medically supervised detox services, Evolve Recovery Center, which delivers residential treatment programs, and The Counseling Center, which offers outpatient and intensive outpatient therapy, with locations in multiple states including New Jersey, New York, Massachusetts, Georgia, and Florida. Founded in 2004, Praesum Healthcare manages more than two dozen centers under these brands, serving individuals with substance use disorders and co-occurring mental health conditions. Praesum Healthcare Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-19335) on August 13, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq., at Shraiberg Page, PA. City National Bank of Florida, as lender, is represented by: Alexandra D. Blye, Esq. Carlton Fields, P.A. 525 Okeechobee Boulevard, Suite 1200 West Palm Beach, FL 33401 Telephone: (561) 659-7070 Email: ablye@carltonfields.com PRO QUIP: Seeks Approval to Hire Torchin CPA as Accountant ---------------------------------------------------------- Pro Quip LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Torchin CPA as accountant. The firm will assist with reconciling the Debtor's bank and credit card statements, prepare the Debtor's financial statements, and assist with the preparation of the Debtor's Monthly Operating Reports. The firm will receive a payment of $2,200 for the compilation services and a monthly payment of $450 for accounting services. The firm does not represent any interest adverse to the Debtors in connection with their Chapter 11 cases. The firm can be reached through: Jacob Torchin, CPA Torchin CPA 980 North Federal Highway, Suite 406 Boca Raton, FL 33433 Phone: (954) 323-6300 Email: jacob@torchincpa.com About Pro Quip LLC Pro Quip, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20194) on August 29, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Peter D. Russin presides over the case. Chad T. Van Horn, Esq., represents the Debtor as legal counsel. PROFRAC HOLDING: Appoints Matthew Rinaldi to Board of Directors --------------------------------------------------------------- ProFrac Holding Corp. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors appointed Mr. Matthew Rinaldi as a member of the Board, effective as of December 17, 2025, with a term expiring at the 2026 annual meeting of the Company's stockholders or until his successor is duly elected and qualified. Mr. Rinaldi will participate in the compensation arrangements for non-employee directors as described in the Company's Proxy Statement for its 2025 annual meeting of stockholders, filed with the Securities and Exchange Commission on April 29, 2025. The Company considers Mr. Rinaldi to be a non-independent director and does not anticipate that he will be appointed to any Board committee at this time. Mr. Rinaldi is designated as a director by the Farris Parties, as defined in that certain Stockholders' Agreement dated as of May 17, 2022, as amended by that certain First Amendment effective as of January 13, 2023, by and among the Company and the parties listed on the signature page thereto, to fill the vacancy created by the resignation of James C. Randle, effective December 17, 2025, who was previously designated as a director by the Farris Parties. There are no other arrangements or understandings between Mr. Rinaldi and any other persons pursuant to which he was elected as a director of the Company. There are no family relationships between Mr. Rinaldi and any other director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission. About ProFrac Holding ProFrac Holding Corp. is a technology-focused, vertically integrated, innovation-driven energy services holding company providing hydraulic fracturing, proppant production, other completion services and other complementary products and services including distributed power generation to leading upstream oil and natural gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources throughout the United States. Founded in 2016, ProFrac was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac Corp. operates in three business segments: Stimulation Services, Proppant Production and Manufacturing. As of September 30, 2025, the Company had $2.7 billion in total assets, $1.7 billion in total liabilities, $91.9 million in noncontrolling interests. and $953.9 million in total stockholders' equity. * * * In December 2025, S&P Global Ratings lowered its issuer credit rating on hydraulic fracturing equipment and services provider ProFrac Holding Corp. to 'CCC' from 'CCC+'. S&P also lowered its issue-level rating on the company's senior secured notes to 'B-' from 'B', reflecting the lower issuer credit rating. The '1' recovery rating (rounded estimate: 95%) was unchanged." S&P subsequently withdrew these ratings. At the time of the withdrawal, the outlook was negative. PROTOS BIOLOGICS: Seeks Chapter 7 Bankruptcy in Massachusetts ------------------------------------------------------------- Protos Biologics, Inc. filed a voluntary Chapter 7 bankruptcy petition on December 23, 2025, in the District of Massachusetts. Court filings show the Debtor carries $1 million to $10 million in liabilities, owed to 1 to 49 creditors. About Protos Biologics, Inc. Protos Biologics, Inc. is a biotechnology company focused on the development of biologic products within the life sciences sector. On December 23, 2025, Protos Biologics, Inc. sought protection under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12791). The petition lists estimated assets between $0 and $100,000 and liabilities ranging from $1 million to $10 million. The case is assigned to Honorable Elizabeth D. Katz. The Debtor is represented by Jonathan Horne, Esq., of Harris Beach Murtha Cullina PLLC. QUANTUM CORP: Dialectic Technology Holds 37.2% Equity Stake ----------------------------------------------------------- Dialectic Technology SPV LLC, Dialectic Technology Manager LLC, and John Fichthorn, disclosed in a Schedule 13D (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of December 18, 2025, they beneficially own 8,125,119 shares of common stock (for Dialectic entities; consisting of 2,653,308 shares issuable upon exercise of the Forbearance Warrant and 5,471,811 shares issuable upon conversion of the Convertible Notes issued in connection with the consummated Debt Exchange; Mr. Fichthorn beneficially owns an aggregate 8,140,390 shares, including an additional 15,271 shares directly held (10,866 shares plus 4,405 RSUs)) of Quantum Corp /DE/'s common stock, representing 37.2% (37.3% for Mr. Fichthorn) of the 13,721,291 shares outstanding. Dialectic Technology SPV LLC may be reached through: John Fichthorn, Authorized Signatory 119 Rowayton Avenue Rowayton, CT 06853 Tel: 212-230-3220 A full-text copy of Dialectic Technology SPV LLC's SEC report is available at: https://tinyurl.com/2h68pzf3 About Quantum Corporation Quantum Corporation, together with its consolidated subsidiaries, stores and manages digital video and other forms of unstructured data, providing streaming performance for video and rich media applications, along with low-cost, long-term storage systems for data protection and archiving. The Company helps customers around the world capture, create and share digital data and preserve and protect it for decades. As of March 31, 2025, the Company had $155.40 million in total assets, $319.77 million in total liabilities, and total deficit of $164.37 million. Bellevue, Wash.-based Grant Thornton LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated August 26, 2025, attached to the Company's Annual Report on Form 10-K for the year ended March 31, 2025, citing that the Company believes it will be in violation of the net leverage coverage covenant for the quarter ended September 30, 2025. The Company's plan contemplates the Company negotiating waivers to these covenants and is evaluating strategies to restructure or refinance the existing term debt. If the Company is unable to obtain additional waivers, the term debt will become immediately due, and additional liquidity will be required to satisfy the obligations. The Company's ability to achieve the foregoing elements of its business, which may be necessary to permit the realization of assets and satisfaction of liabilities in the ordinary course of business, is uncertain and raises substantial doubt about its ability to continue as a going concern. RAZZOO'S INC: Closes College Station Location Permanently in Ch. 11 ------------------------------------------------------------------- Delaney Wolovlek of KBTX3 reports that Razzoo's Cajun Café in College Station is closing its doors for good, with employees notified of the decision Monday morning, according to those familiar with the situation. The closure follows the Texas-based restaurant chain's Chapter 11 bankruptcy filing in October 2025. In earlier court submissions, Razzoo's attributed declining sales to difficult market conditions and heightened competition, including aggressive marketing campaigns by larger national brands such as Chili’s and Applebee's, according to RBTX3. Additional pressures outlined in bankruptcy filings included costly leases, an unfavorable crawfish season, and post-pandemic changes in dining habits, as inflation has pushed consumers toward more affordable meals. Razzoo's, founded in Dallas in 1991, expanded to as many as 24 locations across three states at its peak. The College Station restaurant, which opened in 2015, declined to provide further comment through its on-site manager, the report states. About Razzoo's Inc. Razzoo's, Inc. operates a chain of casual dining restaurants that specialize in Cajun-inspired cuisine and Louisiana-style dishes across Texas, North Carolina, and Oklahoma. Founded in 1991 in Dallas, Texas, the Company has expanded to multiple locations offering a menu that includes seafood, fried specialties, and traditional Cajun items such as boudin balls, Rat Toes, and alligator tail. The restaurants are known for combining bold bayou flavors with a lively atmosphere that reflects Cajun culture and tradition. Razzoo's, Inc. and Razzoo's Holdings, Inc. filed their voluntary petitions for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 25-90522) on Sept. 30, 2025, listing as much as 10 million to $50 million in both assets and liabilities. Philip Parsons, chief executive officer, signed the petitions. The case is jointly administered in Case No. 25-90522. Judge Alfredo R. Perez oversees the case. The Debtors tapped Okin Adams Bartlett Curry LLP as counsel; Stout Capital, LLC as investment banker; and Stout Risius Ross, LLC as financial advisor. Donlin, Recano & Company, LLC is the Debtors' claims and noticing agent. RELIANT PLUMBING: Hires Lane Law Firm PLLC as Bankruptcy Counsel ---------------------------------------------------------------- Reliant Plumbing & Drain Cleaning LLC seeks approval from the the U.S. Bankruptcy Court for the Western District of Texas to hire The Lane Law Firm, PLLC. The firm will render these services: (a) assist, advise and represent the Debtor relative to the administration of the chapter 11 case; (b) assist, advise and represent the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of liens and claims, and participating in and reviewing any proposed asset sales or dispositions; (c) attend meetings and negotiate with the representatives of the secured creditors; (d) assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of the Debtor before said Courts and the United States Trustee; and (g) perform all other necessary legal services in these cases. The firm will be paid at these rates: Robert C. Lane $825 per hour Joshua D. Gordon $825 per hour Associate Attorneys $500 to 700 per hour Paralegals $200 to $350 per hour The firm received payments from Debtor totaling $100,000. The Lane Law Firm, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert C. Lane, 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 About Reliant Plumbing & Drain Cleaning LLC Reliant Plumbing & Drain Cleaning LLC provides plumbing and drain cleaning services, serving residential and commercial customers. Reliant Plumbing & Drain Cleaning LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12000) on December 19, 2025. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities between $100,001 and $1 million. The case is assigned to Honorable Bankruptcy Judge Christopher G. Bradley. The Debtor is represented by The Lane Law Firm PLLC. RELIANT PLUMBING: Seeks Cash Collateral Access ---------------------------------------------- Reliant Plumbing & Drain Cleaning, LLC asks the U.S. Bankruptcy Court for the Western District of Texas, Austin Division, for authority to use cash collateral and provide adequate protection. The Debtor identified 11 creditors with UCC filings asserting liens on cash collateral, including JPMorgan Chase, PNC Bank, Texas Capital Bank, Caterpillar Financial Services, First Bank Richmond, and two unknown creditors. The Debtor requests authority to use cash collateral to pay up to 110% of each budgeted expense, as long as the total does not exceed 10% above the monthly budget. Because the Debtor relies on cash collateral for payroll, insurance, and other operating expenses, the Debtor requests emergency consideration to maintain operations and protect the value of the estate. All revenues during the case will be deposited into the DIP operating account pending approval. The Debtor proposes to provide adequate protection to these creditors via replacement liens in the same priority and extent as existed on the Petition Date. A copy of the motion is available at https://urlcurt.com/u?l=33bOqU from PacerMonitor.com. About Reliant Plumbing & Drain Cleaning, LLC Reliant Plumbing & Drain Cleaning, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-12000-cgb) on December 19, 2025. In the petition signed by Evan Johnson, president, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Christopher G. Bradley oversees the case. Robert C Lane, Esq., at The Lane Law Firm, represents the Debtor as legal counsel. RENHURST HOLDINGS: Hires Mbaluka and Beisel LLC as Accountant ------------------------------------------------------------- Renhurst Holdings, Inc and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Mbaluka and Beisel LLC as accountant. The firm will provide these services: a. assist the Debtors in preparation of any tax returns due from the bankruptcy estates, including 2024; b. assist in the preparation and generation of financial statements as needed; c. assist with maintenance and accuracy of financial books and records and financial statements; and d. provide such other accounting and financial services as directed by the Debtors. The firm will be paid at these rates: Manager/Partner $150 to $225 per hour Accounting Professionals $125 to $170 per hour Bookkeeper $85 to $100 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Qasim Saeed, a partner at Mbaluka and Beisel LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Qasim Saeed, Esq. Mbaluka and Beisel LLC 10190 Katy Freeway Ste 103 Houston, TX 77043 Telephone: (281) 496-6152 About Renhurst Holdings, Inc 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). Renhurst Holdings, Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43905) on Oct. 7, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Qasim Saeed as president. Judge Edward L Morris presides over the case. Joseph Fredrick Postnikoff, Esq. at ROCHELLE MCCULLOUGH, LLP represents the Debtor as counsel. REVIVA PHARMACEUTICALS: Five Key Proposals Passed at Annual Meeting ------------------------------------------------------------------- Reviva Pharmaceuticals Holdings, Inc. held its Annual Meeting during which the stockholders acted upon the following proposals: 1. The election of each of Laxminarayan Bhat, Parag Saxena, Richard Margolin, Purav Patel and Les Funtleyder as directors to hold office for a term of one year, until their successor is duly elected and qualified, or they are otherwise unable to complete their term. The votes were cast for this matter as follows: 1. Laxminarayan Bhat * Votes For: 14,721,899 * Withheld: 2,983,189 * Broker Non-Votes: 29,941,103 2. Parag Saxena * Votes For: 12,493,765 * Withheld: 5,211,323 * Broker Non-Votes: 29,941,103 3. Richard Margolin * Votes For: 13,419,542 * Withheld: 4,285,546 * Broker Non-Votes: 29,941,103 4. Purav Patel * Votes For: 12,385,097 * Withheld: 5,319,991 * Broker Non-Votes: 29,941,103 5. Les Funtleyder * Votes For: 13,379,008 * Withheld: 4,326,080 * Broker Non-Votes: 29,941,103 2. The proposal to ratify the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2025, was approved based upon the following votes: * Votes For: 42,041,510 * Votes Against: 2,112,140 * Abstentions: 3,492,541 * Broker Non-Votes: N/A 3. The proposal to approve, on an advisory basis, the executive compensation of the Company's named executive officers was approved based upon the following votes: * Votes For: 11,978,734 * Votes Against: 4,884,188 * Abstentions: 842,166 * Broker Non-Votes: 29,941,103 4. The proposal to approve the Increase in Authorized Charter Amendment to increase the Company's authorized shares of Common Stock from 315,000,000 to 515,000,000 was approved based upon the following votes: * Votes For: 29,113,463 * Votes Against: 18,053,328 * Abstentions: 479,400 * Broker Non-Votes: N/A 5. The proposal to approve the Reverse Split Charter Amendment to effect a reverse stock split of the Company's issued shares of Common Stock, at a specific ratio, ranging from one-for-two (1:2) to one-for-twenty (1:20), at any time prior to December 31, 2026, subject to the Board's determination, in its sole discretion, whether or not to implement the reverse stock split and, if so, at what specific ratio within the foregoing range, without further approval or authorization of the Company's stockholders was approved based upon the following votes: * Votes For: 32,098,729 * Votes Against: 15,228,756 * Abstentions: 318,706 * Broker Non-Votes: N/A In connection with the Annual Meeting, the Company also solicited proxies with respect to the Adjournment Proposal to approve an adjournment of the Annual Meeting, if necessary, to solicit additional proxies if the number of shares of Common Stock present or represented by proxy at the Annual Meeting and voting "FOR" any of the foregoing proposals presented were insufficient to approve any of said proposals. As there were sufficient votes at the time of the Annual Meeting to approve all of the foregoing proposals, the Adjournment Proposal was unnecessary and such proposal was not submitted to the stockholders for approval at the Annual Meeting. About Reviva Pharmaceuticals Holdings Cupertino, Calif.-based Reviva Pharmaceuticals Holdings, Inc. is a late-stage biopharmaceutical company that discovers, develops, and seeks to commercialize next-generation therapeutics for diseases representing unmet medical needs and burdens to society, patients, and their families. San Francisco, Calif.-based Moss Adams LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated April 2, 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 a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $14.3 million in total assets, $9.8 million in total liabilities, and $4.5 million in total stockholders' equity. RICCIARDI INVESTMENTS: Taps Richard S. Feinsilver as Legal Counsel ------------------------------------------------------------------ Ricciardi Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Richard S. Feinsilver, Esq. to handle its Chapter 11 case. The firm will be paid at these hourly rates: Richard Feinsilver, Attorney $500 Legal Assistants $100 In addition, the firm will seek reimbursement for expenses incurred. Prior to petition date, the firm received a retainer of $4,000 from the Debtor. Richard S. Feinsilver, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Richard S. Feinsilver, Esq. One Old Country Road, S 347 Carle Place, NY 11514 Tel: (516) 873-6330 About Ricciardi Investments, LLC Ricciardi Investments, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-74700) on December 8, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Louis A Scarcella presides over the case. Richard S. Feinsilver, Esq. serves as the Debtor's counsel. ROADRUNNER SCOOTERS: Hires Sturman Law LLC as Special Counsel ------------------------------------------------------------- RoadRunner Scooters, LLC seeks approval from the U.S. Bankruptcy Court in Colorado to employ Sturman Law LLC as special counsel. The firm will continue to represent the Debtor in the Trademark Litigation. The firm will be paid at this rate: Jeffrey Sturman, Partner $450/hour Sturman Law LLC does not have any interest adverse to the Debtor or the Debtor's estate, according to court filings. The firm can be reached through: Jeffrey M. Sturman Esq. Sturman Law LLC 8700 E Jefferson Ave, #371706 Denver, CO 71706 Phone: (720) 772-1724 About RoadRunner Scooters LLC RoadRunner Scooters, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 25-17643) on November 20, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Mark Dennis, a certified public accountant at SL Biggs, serves as Subchapter V trustee. Judge Joseph G. Rosania Jr. presides over the case. Jonathan Dickey, Esq., at Kutner Brinen Dickey Riley, P.C. represents the Debtor as legal counsel. ROBELLA 2228: Hires Baumeister Denz LLP as Bankruptcy Counsel ------------------------------------------------------------- Robella 2228 LLC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to hire Baumeister Denz, LLP to handle its Chapter 11 case. Arthur Baumeister, Jr., Esq., the primary attorney in this representation, will be paid at his hourly rate of $375. Prior to the petition date, the firm received a retainer of $8,100. Mr. Baumeister disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Arthur G. Baumeister, Jr., Esq. Baumeister Denz, LLP 174 Franklin Street, Suite 2 Buffalo, NY 14202 Telephone: (716) 852-1300 Email: abaumesiter@bdlegal.net About Robella 2228 LLC Robella 2228 LLC is a limited liability company. Robella 2228 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 25-11307) on November 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Carl L. Bucki handles the case. The Debtor is represented by Arthur G Baumeister, Jr, Esq. of Baumeister Denz LLP. ROSE RENTAL: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Mississippi entered an interim order authorizing Rose Rental Properties, LLC to use rental income that constitutes lenders' cash collateral to continue operating during its Chapter 11 case. The Debtor may use cash collateral for ordinary operating expenses under a detailed six-month budget, subject to a 10% variance, and must provide monthly financial and occupancy reports to the lenders. The Debtor is prohibited from using funds for capital improvements, professional fees, debt service, or insider payments without lender consent or further court approval. Citizens asserts secured claims exceeding $1.74 million, while Community Bank asserts additional secured claims totaling more than $400,000, all backed by liens on approximately 20 rental properties across Hinds, Rankin, and Madison Counties, Mississippi. Rental income from these properties constitutes cash collateral under § 363, and both banks claim perfected liens on rents and related proceeds. The Court granted Citizens and Community Bank post-petition replacement liens on all rental income to provide adequate protection, preserving prepetition lien priority. The order imposes strict oversight, requiring monthly financial reporting, weekly leasing updates for vacant properties, full insurance coverage, and lender inspection rights. Failure to maintain insurance or comply with reporting or budget terms can result in immediate termination of the automatic stay, allowing lenders to enforce their rights. A final cash collateral hearing is scheduled for January 21, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/E5soj from PacerMonitor.com. About Rose Rental Properties, LLC Rose Rental Properties, LLC is a Mississippi-based real estate rental business that operates from Jackson and is associated with residential property activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-03091) on December 4, 2025. In the petition signed by Jerrick W Rose, member-manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jamie A. Wilson oversees the case. Thomas C. Rollins, Jr., Esq., at THE ROLLINS LAW FIRM, PLLC, represents the Debtor as legal counsel. S EL CAMINO: Seeks to Tap Michael Jay Berger as Bankruptcy Counsel ------------------------------------------------------------------ S El Camino Real LLC seeks approval form the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Michael Jay Berger to serve as bankruptcy counsel. The Law Offices of Michael Jay Berger will provide these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of the Debtor's estate as a debtor in possession; (b) represent the Debtor in proceedings and hearings in the bankruptcy court; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) provide the Debtor legal advice and assistance with respect to the Debtor's powers and duties in the continued operation of the Debtor's business and management of property of the estate; (e) assist the Debtor in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports, and/or other legal documents on behalf of the Debtor; (g) advise Debtor concerning the requirements of the bankruptcy code and the rules relating to the administration of this case and the Debtor's duties as a debtor-in-possession in a Chapter 11 case; and (h) assist Debtor in the preparation, negotiation, formulation, confirmation, prosecution, implementation and attain confirmation of a plan of reorganization. The firm will be paid at these hourly rate: Michael Jay Berger, Attorney $695 Sofya Davtyan, Partner $645 Angela Gill, Senior Associate $595 Robert Poteete, Attorney $475 Senior Paralegals $275 Bankruptcy Paralegals $200 The firm received a total retainer of $25,000 plus $1,738 filing fee from the Debtor. Mr. Berger disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael Jay Berger, Esq. Law Offices of Michael Jay Berger 9454 Wilshire Blvd., 6th Floor Beverly Hills, CA 90212 Telephone: (310) 271-6223 Facsimile: (310) 271-9805 Email: Michael.berger@bankrupctypower.com About S El Camino Real LLC S El Camino Real LLC is a single asset real estate company. The company sought Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. Case No. 25-13335) on November 25, 2025. The petition lists estimated assets ranging from $1 million to $10 million and estimated liabilities of $1 million to $10 million. The case is overseen by Honorable Bankruptcy Judge Victoria S. Kaufman. S El Camino Real LLC is represented by Ron Bender, Esq. of Levene, Neale, Bender, Yoo & Golubchik L.L.P. SAKS GLOBAL: Sells Neiman Marcus Beverly Property to Ashkenazy -------------------------------------------------------------- Roger Vincent of Los Angeles Times reports that Saks Global has sold the Beverly Hills Neiman Marcus property to Ashkenazy Acquisition Corp. for an undisclosed price, as the retailer looks to raise cash and manage its debt obligations. Neiman Marcus will continue operating the store under a long-term lease with the new owner. The flagship store, located at 9700 Wilshire Boulevard, has been a cornerstone of the Beverly Hills luxury retail scene since 1979. Saks Global said the sale does not impact daily operations and reiterated its commitment to maintaining a strong presence in the market. The transaction comes as Saks Global confronts a looming $100 million debt payment and considers a range of options to strengthen its balance sheet. These include asset sales, potential financing and possibly selling a stake in Bergdorf Goodman, with Chapter 11 bankruptcy cited as a fallback option, Los Angeles Times reports. Ashkenazy Acquisition Corp. said the acquisition expands its portfolio of high-end retail real estate in Beverly Hills' Golden Triangle. Real estate experts say the area remains one of the strongest luxury retail markets in the U.S., with limited space and sustained demand from global brands. About Saks Global Saks Global owns and operates world-class luxury retailers, including Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH, and a portfolio of prime U.S. real estate holdings and investments. SCILEX HOLDING: Draws $22.6MM in First Tranche of Non-Recourse Loan ------------------------------------------------------------------- Scilex Holding Company previously disclosed, on December 1, 2025, that the Company entered into a Non-Recourse Loan and Securities Pledge Agreement with The St. James Bank & Trust Company Ltd., a corporation existing under the laws of the Bahamas, pursuant to which the Lender agreed to loan the Company an aggregate principal amount of up to $50 million in one or more tranches. On December 22, 2025, the first tranche of the Loan closed in the aggregate principal amount of approximately $22.6 million, excluding the structure fee. About Scilex Holding Company Palo Alto, Calif.-based Scilex Holding Company -- www.scilexholding.com -- is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and, following the formation of its proposed joint venture with IPMC Company, neurodegenerative and cardiometabolic disease. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain, and is dedicated to advancing and improving patient outcomes. Scilex's commercial products include: (i) ZTlido (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration for the relief of neuropathic pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain; (ii) ELYXYB, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) Gloperba, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults. In its report dated March 31, 2025, the Company's auditor, BMP LLP, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, Scilex Holding had $83.76 million in total assets, $332.74 million in total liabilities, and a total stockholders' deficit of $248.99 million. SELECT ROOFING: Seeks Chapter 7 Bankruptcy in California -------------------------------------------------------- On December 29, 2025, Select Roofing filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Select Roofing Select Roofing operates as a roofing contractor providing a full range of services for homes and commercial properties. Its offerings include new roof installations, roof replacements, and ongoing maintenance, with experience across various roofing materials. Select Roofing sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12425) on December 29, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor is represented by Marc Weinberg, Esq., of the Law Office of Marc Weinberg. SHEFFIELD TOWING: Case Summary & 17 Unsecured Creditors ------------------------------------------------------- Debtor: Sheffield Towing Service, LLC 900 Garrett Street Sheffield TX 79781 Business Description: Sheffield Towing Service, LLC provides towing and roadside assistance services in Sheffield, Texas, serving both light and heavy-duty vehicles and offering accident recovery, lockout assistance, tire changes, fuel delivery, and vehicle winch-outs. The Company operates a fleet of tow trucks and emergency response vehicles and maintains 24/7 availability for dispatch in West Texas. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-70004 Debtor's Counsel: Charlie Shelton, Esq. HAYWARD PLLC 7600 Burnet Road, Suite 530 Austin TX 78757 Tel: (737) 881-7100 Email: csheltonhaywardfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Caci Koegel as authorized signatory. 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/7CCK6NA/Sheffield_Towing_Service_LLC__txwbke-26-70004__0001.0.pdf?mcid=tGE4TAMA SHERWOOD HOSPITALITY: Seeks Continued Cash Collateral Access ------------------------------------------------------------ Sherwood Hospitality Group, LLC and DVKOCR Tigard, LLC ask the U.S. Bankruptcy Court for the District of Oregon for authority to use cash collateral and provide adequate protection. Both entities, which operate single-asset real estate hospitality properties, commenced their cases on February 17, 2025, and have continued operating as debtors-in-possession. Since the outset of the cases, the court has entered an initial cash collateral order and seven subsequent stipulated orders modifying that order, each extending the Debtors' authority to use cash collateral subject to negotiated terms with their secured lenders. In this eighth request, the Debtors seek a further limited modification to extend the "outside date" for authorized use of cash collateral from December 19, 2025, to January 19, while leaving all other terms, protections, and requirements of the existing cash collateral framework unchanged. The Debtors and their lien creditors, L-O Sherwood Finance, LLC and L-O Tigard Finance, LLC, have agreed to this additional 30-day extension on the same terms and conditions previously approved by the Court. The extension is intended to provide continuity of operations while related issues, including matters involving relief from the automatic stay, are addressed. The Debtors assert that modifying the existing cash collateral order is the most efficient and appropriate mechanism to authorize continued use of cash collateral and is expressly permitted under Bankruptcy Rule 9024 and 11 U.S.C. Section 363(c)(2)(A), which allows such use with secured creditor consent. A copy of the motion is available at https://urlcurt.com/u?l=HEFwII from PacerMonitor.com. About Sherwood Hospitality Group Sherwood Hospitality Group LLC, doing business as Hampton Inn Sherwood Portland, operating as Hampton Inn Sherwood Portland, is a hospitality company based in Sherwood, Oregon. The Company manages a hotel offering amenities like free breakfast, free Wi-Fi, a heated indoor pool, and a fitness center. Sherwood Hospitality Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Or. Case No. 25-30484) on February 17, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Peter C. Mckittrick handles the case. The Debtor is represented by Douglas R. Ricks, Esq., at Sussman Shank, LLP. SHIPWRECK TREASURE: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Shipwreck Treasure Ventures Corp. received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, to use cash collateral to fund operations. The third interim order authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the Subchapter V trustee, and current and necessary operating expenses outlined in its budget. This authorization will continue until further hearing. The budget projects total operational expenses of $17,105.00 for period from November 3 to December 2. Secured creditors will be granted a replacement lien on the Debtor's post-petition property, with the same validity, priority and extent as their pre-bankruptcy lien. The next hearing is scheduled for February 17, 2026. The Debtor's cash collateral includes revenue, which it uses to fund ongoing business operations. Four merchant cash advance lenders assert an interest in the cash collateral: LCF Group (approximately $5,000), JRG Funding (approximately $50,000), Merchant's Cash Group (approximately $65,000), and High Octane Funding (approximately $15,000). These lenders have pre-petition liens on all of the Debtor's assets and receivables. About Shipwreck Treasure Ventures Corp. Shipwreck Treasure Ventures Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03374) on September 23, 2025, with up to $50,000 in assets and between $100,001 and $500,000 liabilities. Thomas C. Adam, Esq., at Adam Law Group, P.A. represents the Debtor as bankruptcy counsel. SILVERSTRAND FITNESS: Hires Grassi Franchise as Accountant ---------------------------------------------------------- Silverstrand Fitness 1, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Grassi Franchise Services, LLC, CPA as its accountant. The firm's services include: a. providing tax and accounting, financial reports necessary to facilitate the sale including issues involving payroll related matters; b. assisting with true-up determination and allocation with the sale proceeds between the Debtor and Buyer as required in the Sale Motion and the Asset Purchase Agreement and other related matters in connection with the sale. The firm will be paid at a flat fee is $5,000. Donna Scalfano, a partner at Grassi Franchise Services, LLC, CPA, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Donna Scalfano Grassi Franchise Services, LLC, CPA 25 Johnson Avenue Ronkonkoma, NY 11779 About Silverstrand Fitness 1, LLC Silverstrand fitness 1, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 25-30675) on November 14, 2025, with $1 million to $10 million in liabilities. Brian Burke, manager, signed the petition. Judge Elizabeth D. Katz oversees the case. Ilham Soffan, Esq., at Soffan Law, PC represents the Debtor as bankruptcy counsel. SJ HOLDINGS: Files Amended Plan; Confirmation Hearing Feb. 3, 2026 ------------------------------------------------------------------ A10 Commercial Mortgage Trust 2024- FLSN1, LLC (the "Secured Creditor") submitted a Second Amended Disclosure Statement describing Second Amended Plan of Liquidation for SJ Holdings Group LLC dated December 29, 2025. The Debtor is the owner of certain real properties, improvements and related assets known as "Walden Pointe Apartments," a 379-unit apartment complex located in Memphis, Tennessee (collectively, the "Property"). The Plan Proponent believes that confirmation of the Plan provides the best opportunity for maximizing recoveries for the Debtor's creditors. The Plan provides that creditors will be paid from Cash turned over by the Debtor to the Plan Administrator, Sale Proceeds, and, if necessary, the GUC Contribution (which will guaranty that general unsecured creditors will receive a distribution under the Plan), and other Cash contributed by the Secured Creditor to the extent necessary to fund the payments and distributions called for under the Plan, in the priority established under the Bankruptcy Code. Under the Plan, Thomas A. Draghi, as Plan Administrator (the "Plan Administrator"), will make distributions to creditors. The Plan Proponent believes it will demonstrate to the Bankruptcy Court that the Debtor's creditors will receive less in a hypothetical liquidation under chapter 7 of the Bankruptcy Code than they would under the Plan. Like in the prior iteration of the Plan, each holder of an Allowed Class 6 General Unsecured Claim shall receive from the Plan Administrator, unless otherwise agreed in writing between the Plan Administrator and the holder of such Claim, its Pro Rata payment of the remaining Cash from the Sale Proceeds after payment of Administrative Claims, Professional Fee Claims, Priority Tax Claims, Class 1 Claims, Class 2 Claims, Class 3 Claims, the Class 4 Claim, and Class 5 Claims; provided, however, if the amount of such remaining Cash from the Sale Proceeds available to pay Allowed Class 6 Claims is less than $10,000.00, the Plan Proponent will fund the GUC Contribution to the extent necessary to facilitate the Pro Rata distribution of $10,000.00 to holders of Allowed Class 6 General Unsecured Claims pursuant to the Plan. The estimated recovery for General Unsecured Claims is "unknown", according to the Second Amended Disclosure Statement. Class 7 consists of Equity Interests. Interest Holders shall retain their Interests and their rights as to any remaining balance of Cash, if any, that may be held by the Plan Administrator after payment in full of all Allowed Claims described in Article II of the Plan, and all Classes of Claims against the Debtor; provided, however, that if all Allowed Claims are not paid in full, Interests of Equity shall be extinguished and the affairs of the Debtor will be wound down. Except as set forth elsewhere in the Plan, all payments required to be made under the Plan shall be made by the Plan Administrator in accordance with the terms of the Plan. Except as set forth elsewhere in the Plan, the Plan will be funded from the Sale Proceeds, any Cash held by the Debtor as of the Effective Date, which will be turned over by the Debtor to the Plan Administrator, and, if necessary, the GUC Contribution. Only in the event that the Secured Creditor or its designee is the Purchaser of the Property by credit bid, or if the Sale Proceeds are insufficient to pay the Allowed Administrative Claims, Professional Fee Claims, Priority Tax Claims, Class 1 Claims, Class 2 Claims, and Class 3 Claims in accordance with the terms of the Plan, the Secured Creditor shall deliver to the Plan Administrator for distribution pursuant to the provisions of the Plan (i) Cash in an amount sufficient to pay the Allowed Administrative Claims, Professional Fee Claims, Priority Tax Claims, Class 1 Claims, Class 2 Claims, and Class 3 Claims in accordance with the terms of the Plan, and (ii) the GUC Contribution. The Confirmation Hearing will be held on February 3, 2026 at 2:00 p.m., before the Honorable Nancy Hershey Lord, United States Bankruptcy Judge, United States Bankruptcy Court for the Eastern District of New York, Conrad B. Duberstein Courthouse, 271-C Cadman Plaza East, Suite 1595, Brooklyn, New York, 11201. The Bankruptcy Court has directed that objections, if any, to confirmation of the Plan be served and filed so that they are received on or before January 27, 2026. A full-text copy of the Second Amended Disclosure Statement dated December 29, 2025 is available at https://urlcurt.com/u?l=ILkigD from PacerMonitor.com at no charge. Counsel for A10 Commercial Mortgage Trust 2024- FLSN1, LLC: RUBIN LLC Paul A. Rubin, Esq. Hanh V. Huynh, Esq. 11 Broadway, Suite 715 New York, New York 10004 Tel: 212.390.8054 Fax: 212.390.8064 Email: prubin@rubinlawllc.com hhuynh@rubinlawllc.com About SJ Holdings Group SJ Holdings Group, LLC, doing business as Walden Pointe Apartments, is the owner of certain real properties, improvements and related assets known as "Walden Pointe Apartments," a 379-unit apartment complex located in Memphis, Tennessee (collectively, the "Property"). The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42207) on May 7, 2025, with up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Nancy Hershey Lord presides over the case. Kevin J. Nash, at Goldberg Weprin Finkel Goldstein LLP, is the Debtor's legal counsel. SKY ROCK: Unsecureds Will Get $5,900 per Month for 5 Years ---------------------------------------------------------- Sky Rock Trucking LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Plan of Reorganization dated December 29, 2025. The Debtor operates a trucking business in North Texas. The primary cause for the filing of this bankruptcy case was a lack of cash flow attributable to industry wide challenges within the trucking and transportation sector. The Plan provides for a reorganization and restructuring of the Debtor's financial obligations. The Plan provides for a distribution to Creditors in accordance with the terms of the Plan from the Debtor over the course of five years from the Debtor's continued business operations. Class 3 consists of Non-priority unsecured Claims. Each holder of an Allowed Unsecured Claim in Class 3 shall be paid by Reorganized Debtor from an unsecured creditor pool, which pool shall be funded at the rate of $5,900.00 per month commencing the first full month after the Effective Date. Payments from the unsecured creditor pool shall be paid quarterly, for a period not to exceed five years (20 quarterly payments) and the first quarterly payment will be due on the twentieth day of each complete post-petition quarter. The Debtor estimates the aggregate of all Allowed Class 3 Claims is less than $350,000 based upon the Debtor's review of the Court's claim register, the Debtor's bankruptcy schedules, and anticipated deficiency claims and 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. The Debtor proposes to implement and consummate this Plan through the means contemplated by Sections 1123 and 1145(a) of the Bankruptcy Code. A full-text copy of the Plan of Reorganization dated December 29, 2025 is available at https://urlcurt.com/u?l=IXPazf from PacerMonitor.com at no charge. Counsel to the Debtor: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. Demarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Tel: (972) 991-5591 Email: robert@demarcomitchell.com mike@demarcomitchell.com About Sky Rock Trucking LLC Sky Rock Trucking, LLC, operates a trucking business in North Texas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43702) on Sept. 29, 2025, with $500,001 to $1 million in assets and liabilities. Judge Edward L. Morris presides over the case. Robert Thomas DeMarco, Esq., represents the Debtor as legal counsel. SME DUBLIN: Seeks to Hire Stone & Baxter as Bankruptcy Counsel -------------------------------------------------------------- SME Dublin, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Georgia to hire Stone & Baxter, LLP as counsel. The firm will render these services: a. give Debtor legal advice with respect to the powers and duties of a Debtor-in-Possession in the continued operation of the business and management of Debtor's property; b. prepare on behalf of Debtor, as a Debtor-in-Possession, necessary applications, motions, answers, reports, and other legal papers; c. continue existing litigation, if any, to which Debtor-in-Possession may be a party and to conduct examinations incidental to the administration of its estate; d. take any and all action necessary to ensure the proper preservation and administration of Debtor's estate; e. assist Debtor-in-Possession with the preparation and filing of its Statements of Financial Affairs and schedules and lists as are appropriate; f. take whatever action is necessary with reference to the use by Debtor of its property pledged as collateral; g. assert, as directed by Debtor, all claims Debtor has against others; h. assist Debtor in connection with claims for taxes made by governmental units; i. assist Debtor in preparation of its Plan of Reorganization and confirmation thereto; and j. perform all other legal services for Debtor as Debtor-in-Possession that may be necessary. The firm's standard hourly rates range between $225 and $405 for each attorney, and $135 for paralegals and research assistants, including all travel time. Stone & Baxter received an initial deposit of $31,678 from the Debtor, which includes the filing fee. Mr. Taylor disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David L. Bury, Jr., Esq. Thomas B. Norton, Esq. E. Tate Crymes, Esq. Stone & Baxter, LLP 577 Third Street Macon, GA 31201 Tel: (478) 750-9898 Fax: (478) 750-9899 Email: dbury@stoneandbaxter.com tnorton@stoneandbaxter.com tcrymes@stoneandbaxter.com About SME Dublin, LLC SME Dublin, LLC is a privately held limited liability company whose main assets are situated at 330 Dewey Warnock Rd., East Dublin, GA 31027. SME Dublin, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51942) on December 2, 2025, listing in both assets and liabilities. The petition was signed by Hugh F. Smisson, III as CEO, president and general manager. Judge Robert M. Matson presides over the case. David L. Bury, Jr., Esq. at STONE & BAXTER, LLP represents the Debtor as counsel. SMITH MICRO: Nasdaq Extends Minimum Bid Price Compliance to June 22 ------------------------------------------------------------------- Smith Micro Software, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market granting an additional 180 days, or until June 22, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). If at any time before June 22, 2026, the closing bid price of the Company's Common Stock is at least $1.00 per share for a minimum of ten consecutive business days, unless Nasdaq exercises its discretion to extend this ten-day period, Nasdaq will provide written confirmation stating that the Company has achieved compliance with the Minimum Bid Price Requirement. As previously announced, on June 23, 2025, the Company received a letter from Nasdaq advising that the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market pursuant to the Minimum Bid Price Requirement as a result of the closing bid price of the Company's common stock having been below $1.00 for thirty consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was granted a period of 180 calendar days from the notification date, or until December 22, 2025, to regain compliance with the Minimum Bid Price Requirement. The Notice has no immediate effect on the continued listing status of the Company's Common Stock on The Nasdaq Capital Market, and the Company's listing remains fully effective. The Company intends to monitor the closing bid price of its Common Stock and assess its available options in order to regain compliance with the Minimum Bid Price Requirement and continue listing on The Nasdaq Capital Market, including by effecting a reverse stock split, if necessary. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with the other Nasdaq listing requirements. About Smith Micro Smith Micro Software, Inc., headquartered in Pittsburgh, Pennsylvania, provides software solutions designed to enhance the mobile experience for wireless service providers globally. The Company's offerings include family safety software and visual voice messaging, targeting digital lifestyle services, online safety, automotive telematics, and consumer Internet of Things (IoT) applications. It focuses on leveraging technology and data analytics to meet customer needs and support connected lifestyles. In its audit report dated March 12, 2025, SingerLewak LLP issued a "going concern" qualification citing that the Company has suffered recurring losses from operations and has projected future cash flow requirements to meet continuing operations in excess of current available cash. This raises substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $21.13 million in total assets, $7.24 million in total liabilities, and $19.89 million in total stockholders' equity. SOUTH ATLANTA: Seeks to Hire Brannen Firm LLC as Legal Counsel -------------------------------------------------------------- South Atlanta Restoration Services LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Georgia to hire The Brannen Firm, LLC as legal counsel. The firm will render these services: (a) advise the Debtor with respect to its rights, powers, duties, and obligations in the administration of this case, the operation of its business, and the management of its property; (b) prepare pleadings, applications, and conduct examinations incidental to administration; (c) advise and represent the Debtor in connection with all applications, motions, or complains for reclamation, adequate protection, sequestration, relief from stays, appointment of a trustee or examiner, and all other similar matters; (d) develop the relationship of the status of the Debtor to the claims of creditors in these proceedings; (e) advise and assist the Debtor in the formulation and presentation of a Plan pursuant to Chapter 11 of the Bankruptcy Code and concerning any and all matters relating thereto; and (f) perform any and all other legal services incident and necessary herein. The firm's hourly rates are as follows: Joseph Chad Brannen, Attorney $350 Paralegal/Support Staff $150 Mr. Brannen disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joseph Chad Brannen, Esq. The Brannen Firm, LLC 7147 Jonesboro Road, Ste. G Morrow, GA 30260 Telephone: (770) 474-0847 Email: chad@brannenlawfirm.com About South Atlanta Restoration Services LLC South Atlanta Restoration Services LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51941) on December 1, 2025, listing up to $50,000 in assets and $500,001 to $1 million in liabilities. Joseph Chad Brannen, Esq. at The Brannen Firm, LLC represents the Debtor as counsel. SPEAR SECURITY: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Spear Security Operations, LLC received second interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, to use cash collateral. The court authorized the Debtor's interim use of cash collateral and set a further hearing for March 10, 2026. The second interim order signed by Judge Jacob A Brown authorized the company 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 expressly approved in writing by secured creditor. As adequate protection, secured creditors are granted automatic post-petition replacement liens on cash collateral with the same validity and priority as their prepetition liens. The Debtor must comply with all debtor-in-possession duties, maintain required insurance, and provide reasonable access to records and premises. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/JYckf from PacerMonitor.com. About Spear Security Operations LLC Spear Security Operations, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04144) on November 11, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Jacob A. Brown presides over the case. Bryan K. Mickler, Esq., at Mickler & Mickler represents the Debtor as legal counsel. SPHERE 3D: Appoints Tiah Reppas as Chief Accounting Officer ----------------------------------------------------------- Sphere 3D Corp. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company appointed Tiah Reppas as its Chief Accounting Officer. Ms. Reppas will serve as the Company's principal financial and accounting officer. Ms. Reppas is an active Certified Public Accountant. Ms. Reppas has served as the Company's Vice President of Accounting and Finance since April 2025 and as the Company's Vice President of Finance and Corporate Controller from November 2017 to January 2019 and Corporate Controller from December 2014 to January 2019. Since July 2021 Ms. Reppas has been a fractional Chief Accounting Officer, Controller and advisor to small public and private companies. In this capacity she has been responsible for accounting and technical accounting functions, SEC compliance, managed audit, tax and banking audits, reviews and compliance, and supported capital raises and mergers and acquisition activities. From January 2019 to July 2021, Ms. Reppas served as Corporate Controller of Ra Medical Systems, Inc. (NYSE:RMED), Chief Accounting Officer and Corporate Controller from January 2020 to July 2021 and Vice President, Chief Accounting Officer and Corporate Controller from March 2021 to July 2021. Ms. Reppas is a former auditor with Deloitte & Touche LLP and holds a Bachelor of Arts, business economics with accounting emphasis, from the University of California at Santa Barbara. Following Ms. Reppas' appointment, the Company entered into an employment agreement which amends and restates the Offer Letter between the Company and Ms. Reppas, dated April 7, 2025, in its entirety. Pursuant to the Employment Agreement, the Company will pay Ms. Reppas an annual base salary of $280,000. At the discretion of the Board, Ms. Reppas will be eligible to receive an annual discretionary bonus up to 60% of her base salary, and additional restricted stock units based upon the achievement of certain performance and financial thresholds to be determined by the Board. Ms. Reppas is also entitled to participate in any employee benefit plans we may from time to time have in effect for any of our executive management employees. All compensation and unvested benefits payable under the Employment Agreement shall terminate on the date of the termination of Ms. Reppas's employment, unless Ms. Reppas's employment is terminated by us without cause or by Ms. Reppas for good reason, each as defined in the Employment Agreement, or as a result of a material breach by us of any of our obligations under the Employment Agreement or any other agreement to which the Company and Ms. Reppas are parties, in which case Ms. Reppas shall be entitled to: (i) continued payment of her base salary at the rate and schedule then in effect for a period of six months after the date of termination; (ii) 25% of her target bonus for a period of six months; (iii) continuation of certain benefits for six months after the date of termination; and (iv) the immediate vesting of any outstanding unvested stock options, restricted stock units or other stock awards that vest within 12 months after the date of termination. In the event the Company consummates a significant corporate transaction, as determined by the CEO and Ms. Reppas' employment with the Company remains in good standing, she will be eligible to receive a one-time bonus of $75,000, payable to her within 60 days of the closing date of the Transaction. In connection with the Employment Agreement, on December 9, 2025, Ms. Reppas received 500,000 restricted stock units valued at $232,550, based upon the common share price on the date of grant of $0.4651, 30% of which will vest on March 1, 2026, and the remaining which vest in equal quarterly installments beginning June 1, 2026 and ending December 1, 2027. There are no other arrangements or understandings between Ms. Reppas and any other persons pursuant to which she was appointed as Chief Accounting Officer. There are also no family relationships between Ms. Reppas and any director or executive officer of the Company, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission. About Sphere 3D Sphere 3D Corp. (Nasdaq: ANY) -- https://www.Sphere3D.com/ -- is a cryptocurrency miner, growing its industrial-scale digital asset mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with best-in-class data center operators. Sphere 3D is dedicated to increasing shareholder value while honoring its commitment to strict environmental, social, and governance standards. In its report dated March 28, 2025, the Company's auditor MaloneBailey, LLP, issued a "going concern" qualification citing that the Company has suffered recurring losses from operations and does not expect to have sufficient cash on hand to fund its operations that raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $34.42 million in total assets, $1.71 million in total liabilities, and $32.71 million in total stockholders' equity. SPOKE-N-SPORT INC: Seeks to Hire Gerry Law Firm as Legal Counsel ---------------------------------------------------------------- Spoke-N-Sport, Inc. seeks approval from the U.S. Bankruptcy Court for the District of South Dakota to hire Gerry Law Firm, Prof. LLC. as counsel. The professional services to be rendered include filing such schedules and other documents as the Court may require, initiating or defending adversary proceedings and contested motions, negotiating with priority, secured and unsecured creditors, formulation of a plan, and such other duties as may be necessary to attempt a successful reorganization under Chapter 11, along with related legal services during the pendency of this action. The firm will bill for services of Attorney Clair R. Gerry at the rate of $360 per hour, plus sales tax; and for the services of paralegal Julie M. Anacker at the rate of $140 per hour, plus sales tax; and actual necessary expenses are to be reimbursed. The firm received a retainer in the amount of $12,100. Gerry Law Firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14), according to court filings. The firm can be reached through: Clair R. Gerry, Esq. GERRY LAW FIRM, PROF. LLC 507 West 10th Street P.O. Box 966 Sioux Falls, SD 57101-0966 Tel: (605) 336-6400 Fax: (605) 336-6842 Email: gerry@sgsllc.com About Spoke-N-Sport, Inc. Spoke-N-Sport, Inc. operates a retail sporting goods business specializing in bicycles, cycling accessories, and related repair and maintenance services, with operations based in Sioux Falls, South Dakota. Spoke-N-Sport, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.S.D. Case No. 25-40404) on December 19, 2025, listing $212,600 in assets and $1,030,236 in liabilities. The petition was signed by Peter Oien as president. The case is assigned to Judge Laura L Kulm Ask. Clair Gerry, Esq. at GERRY LAW FIRM, PROF. LLC serves as the Debtor's counsel. STAGGEMEYER STAVE: Gets OK to Use $240K in Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Minnesota entered an interim order authorizing Staggemeyer Stave Company, Inc. to use cash collateral. The Debtor requires the use of cash collateral to continue limited operations while completing a court-approved sale of substantially all of its assets. On December 10, 2025, the court approved the asset sale to Staggemeyer Wood Products, LLC but the transaction cannot close until January 16. The Debtor needs cash through January 16 to pay operating expenses and maintain the business until closing. Under the order, the Debtor may use up to $240,992 in cash, including cash collateral subject to liens held by Decorah Bank & Trust and the U.S. Small Business Administration in accordance with its budget. Decorah Bank & Trust and the SBA hold a $3.88 million secured claim and $2 million secured claim, respectively. These debts are secured by the Debtor's real and personal property valued at roughly $1.1 million. As adequate protection, the lenders will be granted replacement liens on the Debtor's post-petition assets, with the same priority, dignity, and effect as their pre-bankruptcy liens. The interim order is available at https://is.gd/6rGQBP from PacerMonitor.com. Decorah Bank & Trust, as pre-bankruptcy lender, is represented by: John D. Lamey, III, Esq. Lamey Law Firm, P.A. 980 Inwood Avenue North Oakdale, MN 55128 Phone; (651) 209-3550 Fax: (651) 789-2179 About Staggemeyer Stave Company Inc. Staggemeyer Stave Company Inc., based in Caledonia, Minnesota, manufactures premium white oak barrel staves and headings for whiskey distilleries and wineries, sourcing high-quality oak from the surrounding region. The Company has supplied cooperages for brands including Seagram and Jack Daniel's and exports staves to wineries worldwide. Staggemeyer Stave Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-33297) on October 17, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge William J. Fisher handles the case. The Debtor is represented by Steven R. Kinsella, Esq., at Fredrickson & Byron, P.A. STARCO BRANDS: Secures $5MM Bridge Loan for Debt Repayment ---------------------------------------------------------- Starco Brands, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into a Bridge Term Loan Promissory Note with The Starco Group, Inc., a Wyoming corporation. The Promissory Note provides for a bridge term loan in the principal amount of up to $5,000,000, with an initial disbursement of $4,500,000. The proceeds from the Bridge Loan will be used to pay off or down certain indebtedness of the Company, including, paying off in full the outstanding obligations under that certain Loan and Security Agreement, dated May 24, 2024 (as further amended) with Gibraltar Business Capital, LLC, a Delaware limited liability company, which will be of no further effect following payoff, with any excess allowing the Company to expand its access to working capital. Ross Sklar, the Chief Executive Officer of the Company, is the sole shareholder of the Lender. The Promissory Note provides for the following: An initial disbursement of $4,500,000 with potential delayed drawdowns through December 31, 2026. Any delayed drawdowns must be in an amount not less than $250,000 and the aggregate amount of such drawdowns shall not exceed $500,000. Interest on the unpaid principal balance of the Bridge Loan shall accrue daily at the per annum interest rate equal to the lesser of; (i) the Highest Lawful Rate per annum as of such date or (ii) the sum of the Prime Rate (as published in the Wall Street Journal, but not less than 6.00% per annum) in effect for such date plus an Applicable Margin of 4.25% per annum. The Company shall commence monthly payments of accrued and unpaid interest, in arrears, on the Loan starting January 1, 2026 and on the first day of each calendar month thereafter. Principal payments on the Loan will commence January 1, 2027, as follows: * $28,000 per month (Jan–Dec 2027), * $38,000 per month (Jan–Dec 2028), * $56,000 per month (Jan–Dec 2029), and * $66,000 per month (Jan–Dec 2030). Upon written request from the Company, the Lender in its sole discretion may permit a one-time deferment of principal payments for a period up to six (6) months. If Lender permits the Principal Payments Deferment, the interest rate applicable to the unpaid principal balance of the Bridge Loan shall be increased by 0.50%, beginning at the start of the Principal Payments Deferment through to the Maturity Date. The Loan will mature on the earlier of the following: (i) the five-year anniversary of the date of the Promissory Note, (ii) acceleration of the debt evidenced by the Promissory Note upon default, or (iii) satisfaction in full of all of Borrower's obligations under the Promissory Note. The Company may prepay the Promissory Note, in whole or in part, at any time without premium or penalty, upon 30 days' prior written notice. Upon the occurrence of an Event of Default and until such Event of Default is waived or cured, interest will accrue at an interest rate equal to the lesser of: (i) the Prime Rate plus 8.00% per annum or (ii) the Highest Lawful Rate. If any required payment of interest or principal due under the Promissory Note is not made within five days of its due date, a late charge of $0.05 per $1 overdue, or 5.00% of the overdue amount, shall be assessed. The Promissory Note also contains customary events of default, including nonpayment of principal, interest, fees, or other amounts when due, violation of covenants, breaches of representations or warranties, insolvency and bankruptcy. Some of these events of default allow for grace periods or are qualified by materiality concepts. Upon the occurrence of an Event of Default, the outstanding obligations under the Promissory Note may be accelerated and become due and payable immediately. A full text copy of the Promissory Note is available at https://tinyurl.com/y3tc6jvs About Starco Brands Santa Monica, Calif.-based Starco Brands, Inc. (OTCQB: STCB) -- starcobrands.com -- invents consumer products with behavior-changing technologies that spark excitement. Starco Brands identifies whitespaces across consumer product categories. Starco Brands publicly trades on the OTCQB stock exchange so that retail investors can invest in STCB alongside accredited individuals and institutions. Irvine, Calif.-based Macias, Gini, and O'Connell LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated April 18, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has a working capital deficit of approximately $10M and an accumulated deficit of approximately $81 million at December 31, 2024, including the impact of its net loss of approximately $17 million for the year ended December 31, 2024. The Company's ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing and the successful development of the Company's contemplated plan of operations, to the attainment of profitable operations are necessary for the Company to continue operations. As of June 30, 2025, the Company had $57.53 million in total assets, $23.27 million in total liabilities, and $33.86 million in total stockholder's equity. STARVISTA: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------- On January 2, 2026, StarVista filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between 50 and 99 creditors. About StarVista StarVista is a nonprofit behavioral health services provider headquartered in San Mateo County, California. The organization offers mental health treatment, substance use recovery, crisis intervention and family support services. StarVista sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-40002) on January 2, 2026. In its petition, the debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities ranging from $1 million to $10 million. Honorable William J. Lafferty is handling the case. The debtor is represented by Merle C. Meyers, Esq. of Meyers Law Group, P.C. STEINMETZ PLUMBING: Wins Interim Approval to Use Cash Collateral ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division entered an interim order authorizing Steinmetz Plumbing, Inc. to use cash collateral to continue operating during its Chapter 11 case. The Debtor is permitted to use cash collateral, including ordinary-course revenues, through January 20, 2026, strictly in accordance with a court-approved budget. The Debtor projects 30-Days total operational expenses of $65,669.13. As adequate protection, secured creditors listed in the motion are granted replacement liens on post-petition cash collateral and post-petition acquired property, maintaining the same validity and priority as existed on the petition date, excluding Chapter 5 avoidance actions. The order preserves creditors’ rights by expressly reserving objections to improper use of cash collateral and allowing future requests for modified adequate protection. The replacement liens are subject to a carve-out covering court fees, U.S. Trustee fees, trustee expenses (up to $15,000), and approved professional fees, without creating liens against the Debtor’s real or tangible personal property. The Debtor's authority to use cash collateral will automatically terminate upon dismissal, conversion, appointment of a trustee, expiration of the order, or material budget violations. A final cash collateral hearing is scheduled for January 20, 2026. About Steinmetz Plumbing, Inc. Steinmetz Plumbing, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-37611) with $0 to $50,000 in assets and $1,000,001 to $10 million in laibilities. Rebecca Steinmetz signed the petition as secretary. Judge Hon. Eduardo V Rodriguez oversees the case. The Debtor is represented by: Robert C Lane The Lane Law Firm Tel: 713-595-8200 Email: notifications@lanelaw.com STICKY WALL: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------- Sticky Wall Vinyl LLC asks the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, for authority to use cash collateral and provide adequate protection. The Debtor, which designs and produces customized vinyl décor for events and homes, filed for bankruptcy on December 21, 2025, and continues to operate as a debtor-in-possession. The Debtor explains that although revenues had grown year over year, rising overhead, intensified competition following the COVID-19 pandemic, and reliance on high-interest merchant cash advance financing severely strained cash flow. As of the petition date, the Debtor had approximately $5,398 in cash, with future receivables potentially subject to asserted liens. The SBA, through SouthState Bank, claims a senior lien on substantially all personal property securing a debt of approximately $336,308, though the Debtor disputes the enforceability of any lien on deposit accounts due to the absence of a deposit control agreement under Florida law. Numerous other alleged lienholders, primarily MCA lenders, are characterized as junior, unperfected, unenforceable, or wholly unsecured due to usury, unconscionability, or equitable subordination. Without conceding lien validity, the Debtor proposes granting replacement liens of equal validity and priority, if any, as adequate protection. The Debtor emphasizes that access to cash collateral is essential to pay operating expenses, professional fees, and lease obligations under a six-month budget, warning that denial would force cessation of operations and destroy going-concern value to the detriment of creditors. A copy of the motion is available at https://urlcurt.com/u?l=PepZhr from PacerMonitor.com. About Sticky Wall Vinyl LLC Sticky Wall Vinyl LLC designs and produces customized vinyl décor for events and homes. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:25-bk-08281-LVV) on December 21, 2025. In the petition signed by Donald Tringes, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Lori V. Vaughan oversees the case. L. Todd Budgen, Esq., at Budgen Law, represents the Debtor as legal counsel. STICKY WALL: Jerrett McConnell Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for Sticky Wall Vinyl, LLC. Mr. McConnell will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About Sticky Wall Vinyl LLC Sticky Wall Vinyl, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08281) on December 21, 2025, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Lori V. Vaughan presides over the case. L. Todd Budgen, Esq., at Budgen Law Group represents the Debtor as bankruptcy counsel. TEADS HOLDING: Fails to Meet Minimum Bid Price Requirement ---------------------------------------------------------- Teads Holding Co. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the Company's common stock has been below the required minimum of $1.00 per share for 30 consecutive business days. The Notice has no immediate effect on the listing or trading of the Company's common stock, which continues to trade on The Nasdaq Global Select Market under the symbol "TEAD". The Notice also does not affect the Company's ongoing business operations or its reporting requirements with the Securities and Exchange Commission. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until June 22, 2026, to regain compliance with the Minimum Bid Price Requirement. The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance during this initial period, including, among other things, a reverse stock split of the Company's common stock. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days at any time prior to the Compliance Date, unless the Nasdaq Staff exercises its discretion to extend this ten business day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). In the event that the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company may be eligible for an additional 180-calendar day compliance period if it elects to transfer to The Nasdaq Capital Market to take advantage of the additional compliance period offered on that market. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement. The Company would also need to provide written notice of its intention to cure the bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. There can be no assurance that the Company will be able to regain compliance with Nasdaq Listing Rule 5450(a)(1) or will otherwise be in compliance with other Nasdaq listing requirements. In the event the Company fails to regain compliance or is not permitted to transfer to The Nasdaq Capital Market before the initial compliance period expires, the Company will receive written notification from Nasdaq that its common stock is subject to delisting. If the Company were to receive such a notification, the Company could appeal Nasdaq's determination to delist its common stock, but there can be no assurance that Nasdaq would grant the Company's request for continued listing. About Teads Teads Holding Co. (f/k/a. Outbrain Inc.) and TEADS combined on February 3, 2025. The combined company has been operating under the new Teads brand and the corporate name was changed from Outbrain Inc. to Teads Holding Co. (Nasdaq: TEAD) on June 6, 2025. Teads is the omnichannel outcomes platform for the Open Internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes for branding and performance objectives, Teads drives value with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, New York, with a global team of nearly 1,800 people in 30+ countries. As of September 30, 2025, the Company had $1.7 billion in total assets, $1.2 billion in total liabilities, and $519.3 million in total stockholders' equity. * * * In November 2025, Fitch Ratings has downgraded Teads Holding Co. and OT Midco. Inc.'s (collectively, Teads) Company Default Rating (IDR) to 'CCC+' from 'BB-'. Fitch has also downgraded the senior secured instruments to 'CCC+' with a Recovery Rating of 'RR4'. The downgrade reflects delays in successful merger integration, which prevented Teads from achieving its projected EBITDA of $180 million for 2025. Consequently, the company's financial risk profile has materially deteriorated. The downgrade also reflects the possibility that the company may not be able to realize substantial revenue growth and cost optimization in 2026, which could delay deleveraging prospects and result in further negative rating actions. THOMAS C. STEET: Hires Sasser Law Firm as Bankruptcy Counsel ------------------------------------------------------------ Thomas C. Steet, DDS PA seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Sasser Law Firm as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued operation of its business and management of its owned property; (b) prepare and file necessary monthly reports, plan of reorganization and disclosure statement; (c) prepare on behalf of the Debtor necessary legal papers; (d) perform all other legal services for the Debtor which may be necessary herein until and through the case's confirmation, dismissal, or conversion; (e) undertake necessary action, if any, to avoid liens against the Debtor's property obtained by creditors and to recover preferential payments within 90 days of the filing of said petition under Chapter 11; (f) perform a search of the public records to locate liens and assess validity; and (g) represent at hearings, confirmation, and any 2004 examination. The firm's attorney will be paid at an hourly rate of $400, plus reimbursement for expenses incurred. The firm received from the Debtor a retainer of $15,000. Philip Sasser, Esq., an attorney Sasser Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Philip Sasser, Esq. Sasser Law Firm 2000 regency Parkway, Suite 230 Cary, CA 27518 Telephone: (919) 319-7400 Email: philip@sasserbankruptcy.com About Thomas C. Steet, DDS PA Thomas C. Steet, DDS PA is a dental practice based in Cary, North Carolina, providing general, cosmetic, and restorative dental services, including porcelain veneers, dental implants, crowns, and bridges. The practice is led by Dr. Thomas C. Steet and serves patients in Cary and surrounding communities from a single location. Thomas C. Steet, DDS PA filed its voluntary petition for relief under Chapter 11 of th Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-04930) on December 11, 2025, listing $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Thomas C. Steet as owner and manager. Philip M. Sasser, Esq. at SASSER LAW FIRM represents the Debtor as counsel. TOMATLAN INC: Court Extends Cash Collateral Access to March 6 ------------------------------------------------------------- Tomatlan, Inc. received another extension from the U.S. Bankruptcy Court for the Western District of New York to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral through March 6, 2026 in accordance with its budget under the same terms and conditions set forth in its cash collateral motion. The court determined that the secured creditors' interests are adequately protected, and their rights remain unaffected by this interim use. The next hearing is scheduled for March 5, 2026. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/H98Jw from PacerMonitor.com. According to its bankruptcy schedules, the Debtor holds approximately $55,000 in assets, which are encumbered by various secured claims. KeyBank, N.A. holds a first priority blanket lien based on a line of credit initiated in 2018, with approximately $75,000 currently outstanding. A second lien is held by the U.S. Small Business Administration for around $470,000, related to a COVID-19 disaster recovery loan. In addition to these, the Debtor has financing arrangements with several merchant cash advance lenders including Ready Capital, Can Capital, Rapid Finance, Network Rewards, LG Funding LLC, Highland Hill Capital LLC, and MNY Capital LLC whose collective claims total over $350,000. These lenders have perfected Uniform Commercial Code security interests on various dates between 2018 and 2024, with lien expirations ranging into 2029. About Tomatlan Inc. Tomatlan, Inc. operates Rio Tomatlan, a Mexican restaurant in Canandaigua, New York. The Company specializes in Pacific Coast Mexican cuisine made from scratch using locally sourced, seasonal ingredients. It also offers catering services and private event hosting. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.Y. Case No. 25-20547) on July 22, 2025. In the petition signed by Juan R. Guevara, as president and sole shareholder, the Debtor disclosed $54,732 in total assets and $1,101,411 in total liabilities. Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese & Weishaar, P.C., represents the Debtor as legal counsel. TRINITY AUTO: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Trinity Auto LLC d/b/a Trinity Cadillac 374 Sulvan Avenue Englewood Cliffs, NJ 07632 Business Description: Trinity Auto LLC, doing business as Trinity Cadillac, operates an automotive dealership in Englewood Cliffs, New Jersey, selling new and pre-owned Cadillac vehicles and offering related services. The Company provides vehicle maintenance and repair, parts, and financing services to customers in the northern New Jersey area. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-10018 Judge: Hon. Stacey L Meisel Debtor's Counsel: Daniel M. Stolz, Esq. GENOVA BURNS LLC 110 Allen Road Suite 304 Basking Ridge, NJ 07920 Tel: (973) 467-2700 Fax: (973) 467-8126 Email: dstolz@genovaburns.com Total Assets: $1,549,669 Total Liabilities: $14,824,684 The petition was signed by Jose Collado as dealer principal and managing partner. 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/EJ6APLI/Trinity_Auto_LLC__njbke-26-10018__0001.0.pdf?mcid=tGE4TAMA TROUSDALE LIVING: Seeks to Tap EmergeLaw PLC as Bankruptcy Counsel ------------------------------------------------------------------ Trousdale Living Communities, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to hire EmergeLaw, PLC as counsel. The firm's services include: a. providing legal advice with respect to the rights, powers and duties of Debtors in the management of their property; b. investigating and, if necessary, instituting legal action on behalf of the Debtors to collect and recover assets of the estates of Debtors; c. preparing all necessary pleadings, orders and reports with respect to this proceeding and to render all other necessary or proper legal services; d. assisting and counseling the Debtors in the preparation, presentation and confirmation of their plan; e. representing the Debtors as may be necessary to protect their interests; and f. performing all other legal services that may be necessary and appropriate in the general administration of the Debtors' estates. The firm's hourly rates are: Robert Gonzales $875 Hannah Berny $490 Prior to the Petition Date, the firm received $27,738. Robert Gonzales, Esq., a partner at EmergeLaw, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert J. Gonzales, Esq. Hannah L. Berny, Esq. EMERGELAW, PLLC 4235 Hillsboro Pike, Suite 350 Nashville, TN 37215 Tel: (615) 815-1535 Email: robert@emerge.law hannah@emerge.law About Trousdale Living Communities Inc. Trousdale Living Communities, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-05332) on December 18, 2025, with up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Charles M. Walker presides over the case. Robert James Gonzales, Esq., at Emergelaw, PLC represents the Debtor as bankruptcy counsel. TRUETT MEMORIAL: Hires Frazee Law Group as Bankruptcy Counsel ------------------------------------------------------------- Truett Memorial Southern Baptist Church seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Frazee Law Group as bankruptcy counsel. The firm will render these legal services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code and Bankruptcy Rules; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States trustee; (d) advise the Debtor with respect to its powers and duties in the continued operation of its business and management of property of the estate; (e) assist the Debtor in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports and other legal documents on behalf of the Debtor; (g) assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against the Debtor's estate; (h) advise the Debtor concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (i) prepare, negotiate, prosecute and seek confirmation of a plan of reorganization. The firm will be paid at these rates: Attorneys $400 per hour Law Clerks/Paralegals $125 per hour In addition, the firm will receive reimbursement for its out-of-pocket expenses. The firm received from the Debtor a retainer of $4,730. RoseAnn Frazee, Esq., a partner at Frazee Law Group, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: RoseAnn Frazee, Esq. Frazee Law Group 5133 Eagle Rock Blvd. Los Angeles, CA 90041 Telephone: (323) 274-4287 Facsimile: (323) 967-7600 Email: roseann@frazeelawgroup.com About Truett Memorial Southern Baptist Church Truett Memorial Southern Baptist Church operates as a religious organization in Long Beach, California, providing worship services, faith-based programs, and community ministry activities at its San Anseline Avenue location. The church serves local residents through spiritual gatherings, pastoral care, and charitable outreach such as food assistance programs. Truett Memorial Southern Baptist Church filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20816) on December 3, 2025, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. The petition was signed by Lance Riley as chief executive officer. Judge Neil W Bason presides over the case. RoseAnn Frazee, Esq. at FRAZEE LAW GROUP represents the Debtor as counsel. ULTR8 LLC: Seeks to Hire Barron & Newburger P.C. as Attorney ------------------------------------------------------------ Ultr8 LLC Series Cedar seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barron & Newburger, P.C. as attorneys. The firm will provide these services: (a) advise the Debtor of its rights, powers, and duties in the continued management of its assets; (b) review the nature and validity of claims asserted against the property of Debtor and advise it concerning the enforceability of such claims; (c) prepare on behalf of Debtor, all necessary and appropriate legal documents and review all financial and other reports to be filed in the Chapter 11 case; (d) advise the Debtor concerning and prepare responses to, applications, motions, complaints, pleadings, notices, and other papers which may be filed in the Chapter 11 case; (e) counsel the Debtor in connection with the formulation, negotiation, and promulgation of a plan of reorganization and related documents; (f) perform all other legal services for and on behalf of the Debtor which may be necessary and appropriate in the administration of the Chapter 11 case and its business; and (g) work with professionals retained by other parties in interest in this case to attempt to obtain approval of a consensual plan of reorganization for the Debtor. The firm will be paid at these hourly rates: Stephen Sather $650 Attorneys $250 to $450 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $20,000. Mr. Sather disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen Sather, Esq. Barron & Newburger, P.C. 7320 N. MoPac Expwy., Suite 400 Tel: (512) 476-9103 Fax: (512) 476-9253 About Ultr8 LLC Series Cedar Ultr8 LLC Series Cedar is a single-asset real estate entity with its principal property located at 9718 Anderson Mill Rd, Austin, Texas. Ultr8 LLC Series Cedar filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11737) on November 3, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Andrey Derevianko as member. Judge Christopher G Bradley presides over the case. Jonathan Paul Fly, Esq. at Jonathan P Fly, Attorney At Law serves as the Debtor's counsel. UNIQUE REALTY: Taps Snow Tax & Business Services as Enrolled Agent ------------------------------------------------------------------ Unique Realty LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas to hire Snow Tax & Business Services as enrolled agent. The firm will render these services: a. represent it before any taxing authority, including the Internal Revenue Service and the Arkansas Department of Finance & Administration; b. make written or oral presentations of fact or argument to the taxing authorities, to receive and examine the Debtor's income tax returns, both pre-petition and post-petition; c. sign any agreements, consents or other documents; and d. do any and all acts that the Debtors are by law, regulation, or rule allowed to do with respect to any tax matter which may arise during the administration of this estate, but not including the power to receive any tax refund checks or to sign returns. Honsley M. Snow, the firm's principal, will charge an hourly rate of $600. Ms. Snow assured the court that her firm is disinterested within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Honsley M. Snow, EA Snow Tax & Business Services 11215 Hermitage Rd, Suite 202 Little Rock, AR 72211 Phone: (870) 208-4089 Email: snows.tax.financial@gmail.com About Unique Realty LLC Unique Realty LLC is a limited liability company. Unique Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ark. Case No. 25-14049) on November 19, 2025. In its petition, the Debtor reports estimated assets of $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Phyllis M. Jones handles the case. The Debtor is represented by Frank Falkner, Esq. of Dilks Law Firm. UNITED SITE: Unsecureds Unimpaired in Joint Prepackaged Plan ------------------------------------------------------------ United Site Services, Inc., and its affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing Joint Prepackaged Plan of Reorganization dated December 29, 2025. USS is the United States' largest provider of portable sanitation systems and related "site services," with more than 3,000 employees and more than 70,000 customers, including the Super Bowl, the Federal Emergency Management Agency (FEMA), music festivals, and homebuilders across the country. USS is headquartered in Westborough, Massachusetts, just outside of Worcester. The lead Debtor and main operating entity, United Site Services, Inc., was incorporated in Delaware in 2009. Several entities owned directly or indirectly by United Site Services, Inc. also conduct operations, including by maintaining contracts and relationships with vendors and customers that pre date those entities' acquisition by USS. The Plan provides for a restructuring of the Debtors' capital structure (the "Restructuring") that will reduce existing funded indebtedness by approximately $2.4 billion and raise up to $1.075 billion in new capital, including an Equity Rights Offering of up to $480 million (subject to adjustment based on projected liquidity at emergence and taking into account the payment of the PECF USS Holding Corporation's Equity Owner Consideration) fully backstopped by the Ad Hoc Group, $300 million of Exit Term Loan Facility funding provided by the Ad Hoc Group, and approximately $295 million of additional asset-based and other revolving loans to satisfy the obligations under the Plan and to provide critical new liquidity to support the Reorganized Debtors. On December 28, 2025, (a) the Debtors, (b) certain holders of (i) the First-Out Term Loans, (ii) the First-Out Revolving Loans, (iii) the Second-Out Term Loans, (iv) the Third-Out Notes, and (v) the ABL Facility (clauses (i) through (v), the "Consenting Creditors") and (c) Platinum Equity Advisors LLC and certain of its affiliates in their capacity as the direct and indirect holders of Claims or Interests in the Debtors (together with the Consenting Creditors, the "Consenting Stakeholders") entered into an agreement (together with all exhibits, annexes and schedules thereto and as subsequently amended, the "Restructuring Support Agreement" or the "RSA") whereby the Consenting Stakeholders have agreed, subject to the terms and conditions of the Restructuring Support Agreement, to support the Restructuring and, once properly solicited, vote to accept the Plan. In accordance with the RSA and subject to confirmation of the Plan, the outstanding indebtedness of, and equity interests in, the Debtors will be restructured through the Plan on the terms and conditions set forth therein and in accordance with the provisions of the Intercreditor Agreements, as follows: * Holders of ABL Facility Claims will be paid in full in Cash; provided that, undrawn ABL Letters of Credit will be, at the option of the Debtors or Reorganized Debtors (with the consent of the Required Consenting Second-Out Creditors), (i) cash collateralized, (ii) supported by "back-to-back" letters of credit under the Exit ABL Facility or other facility, or (iii) otherwise treated in a manner acceptable to the issuer; * Holders of Allowed First-Out Revolving Loans Claims and Allowed First-Out Term Loans/Notes Claims will receive payment in full in Cash; * Holders of Allowed First Lien Secured Claims (i.e., Second Out Claims and Amended Term Loan Claims) will receive, after giving effect to the turnover provisions in the applicable Intercreditor Agreements, their share (as a proportion of all First Lien Funded Debt Claims), as specified in the Plan, of (i) the First Lien Secured Claims Recovery, (ii) the Distributable New Common Shares, and (iii) the Subscription Rights; * each Holder of an Allowed Unsecured Funded Debt Claim will receive its Pro Rata share of the Unsecured Funded Debt Claim Recovery; * each Holder of an Allowed General Unsecured Claim will (i) be paid in full in Cash or (ii) otherwise receive treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code; * all other Allowed Claims, including, among others, all Allowed Administrative Claims, Priority Non-Tax Claims, and Other Secured Claims, will be paid in full or otherwise rendered Unimpaired; and * subject to the terms of the Plan, Reorganized Parent shall be non-Debtor PECF USS Holding Corporation (or other Entity as determined by the Consenting Second-Out Creditors, the Debtors, and the relevant Entity), in accordance with the terms of that certain settlement between the Ad Hoc Group and Platinum to acquire the shares of PECF USS Holding Corporation for $5.5 million. Class 8 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, on the Effective Date (or as soon as reasonably practical thereafter), in full and final satisfaction, settlement, release, and discharge of, and in exchange for, such Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim will, at the option of the Debtors or the Reorganized Debtors (i) be paid in full in Cash or (ii) otherwise receive treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code. This Class is unimpaired. Class 11 consists of all Existing Equity Interests. If Reorganized Parent is a direct or indirect non-Debtor parent of USS Parent or another Entity that upon the consummation of the Restructuring Transactions will directly or indirectly own all of the assets of USS Parent, then the Holders of Existing Equity Interests shall receive no recovery or distribution on account of such Existing Equity Interests and the Existing Equity Interests shall be Reinstated solely for the purposes of maintaining the corporate ownership of USS Parent as contemplated by the Plan and the Restructuring Transactions. If Reorganized Parent is USS Parent, then all Existing Equity Interests shall be discharged, cancelled, released, and extinguished upon the Effective Date and will be of no further force or effect, and Holders of Existing Equity Interests will not receive any distributions on account of such Existing Equity Interests. The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under the Plan required to be paid in Cash from Cash on hand, including Cash from operations, the proceeds of the DIP Facility, the Equity Rights Offering, the Exit ABL Facility, Exit RCF Facility, and the Exit Term Loan Facility. The Reorganized Debtors shall use the proceeds of the Exit Term Loan Facility, the Exit RCF Facility, the Exit ABL Facility, and the Equity Rights Offering to: (a) pay distributions on account of Allowed DIP Claims in accordance with Article II.C of the Plan.; (b) pay all outstanding Restructuring Expenses as required by the Plan; (c) fund the Professional Fee Escrow Account, and (d) pay Allowed Claims to the extent provided for in Articles II and III of the Plan. The Reorganized Debtors may use any remaining proceeds from the Exit Term Loan Facility, the Exit RCF Facility, the Exit ABL Facility, and the Equity Rights Offering (a) to make any other payments authorized under the Plan and (b) for working capital and general corporate purposes after the Effective Date. A full-text copy of the Disclosure Statement dated December 29, 2025 is available at https://urlcurt.com/u?l=0r2hbq from PacerMonitor.com at no charge. About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on Dec. 29, 2025. In its petition, the Debtor estimated assets and liabilities each ranging between $1 billion and $10 billion. Bankruptcy Judge Michael B. Kaplan handles the case. Proposed Co-Counsel to the Debtors: Michael D. Sirota, Esq. Felice R. Yudkin, Esq. Daniel J. Harris, Esq. COLE SCHOTZ P.C. 25 Main Street, Court Plaza North Hackensak NJ 07601 Tel: 1 (201) 489-3000 Email: MSirota@ColeSchotz.com FYudkin@coleschotz.com DHarris@coleschotz.com Proposed Co-Counsel to the Debtors: Dennis F. Dunne, Esq. Samuel A. Khalil, Esq. Matthew Brod, Esq. Lauren C. Doyle, Esq. Benjamin M. Schak MILBANK LLP 55 Hudson Yards New York, NY 10001 Telephone: 1 (212) 530-5000 Email: DDunne@Milbank.com SKhalil@Milbank.com MBrod@Milbank.com LDoyle@Milbank.com BSchak@Milbank.com URGENT CARE: Hires George Oliver PLLC as Bankruptcy Counsel ----------------------------------------------------------- Urgent Care Down East, Inc. seeks approval from U.S. Bankruptcy Court for the Eastern District of North Carolina to hire The Law Offices of George Oliver, PLLC to handle the bankruptcy proceedings. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $16,738, inclusive of $1,738 filing fee. Mr. Oliver disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George Mason Oliver, Esq. The Law Offices of George Oliver, PLLC PO Box 1548 New Bern, NC 28563 Tel: (252) 633-1930 Fax: (252) 633-1950 E-mail: george@georgeoliverlaw.com About Urgent Care Down East, Inc. Urgent Care Down East, Inc. operates a walk-in urgent care clinic in Washington, North Carolina, providing same-day medical treatment for acute illnesses, minor injuries, occupational health services, and routine physicals, serving patients in Eastern North Carolina. Urgent Care Down East, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-05002) on December 16, 2025. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $1 million-$10 million. The Debtor is represented by George Mason Oliver, Esq. of the Law Offices of George Oliver, PLLC. US MAGNESIUM: Seeks to Extend Plan Exclusivity to March 9, 2026 --------------------------------------------------------------- US Magnesium LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to March 9, 2026 and May 8, 2026, respectively. This is the first extension sought by the Debtor. Since filing this Chapter 11 Case, the Debtor has made tremendous progress on a relatively tight timeline. The Debtor has worked diligently and in good faith towards a sale of substantially all of its assets. The Debtor explains that it has paid undisputed administrative expenses as they come due and will work to continue to do so. The Debtor continues to monitor its liquidity position closely and is confident that sufficient cash will be available to satisfy their post-petition payment obligations during the requested extension of the Exclusive Periods. In sum, the Chapter 11 Case is moving towards a successful conclusion as the Debtor diligently works towards consummation of a sale of substantially all of its assets. The Debtor claims that the requested extension of the Exclusive Periods will allow this process to continue in an efficient manner, preserve enterprise value, and provide the Debtor with a fair and reasonable opportunity to liquidate their business for the benefit of all stakeholders. Under these circumstances, the Debtor submits that ample cause exists to grant the reasonable extension of the Exclusive Periods requested herein. US Magnesium LLC is represented by: Michael Busenkell, Esq. Margaret M. Manning, Esq. Michael Van Gorder, Esq. Gellert Seitz Busenkell & Brown, LLC 1201 North Orange Street, Suite 300 Wilmington, Delaware 19801 Telephone: (302) 425-5800 Facsimile: (302) 425-5814 Email: mbusenkell@gsbblaw.com About US Magnesium LLC US Magnesium LLC is a magnesium producer based in Salt Lake City, Utah. US Magnesium LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11696) on September 10, 2025. In its petition, the Debtor estimated assets and liabilities between $100 million and $500 million each. Judge Brendan Linehan Shannon oversees the case. The Debtor tapped Michael Busenkell, Esq., at Gellert Seitz Busenkell & Brown, LLC as counsel; Carl Marks Advisory Group LLC as restructuring advisor; and SSG Advisors, LLC as investment banker. Stretto, Inc. is the Debtor's claims and noticing agent. VALLEY OF THE SUN: Seeks to Hire Abassi Law as Bankruptcy Counsel ----------------------------------------------------------------- Valley of the Sun Cosmetics LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Abassi Law Corporation as counsel. The firm will provide these services: a. represent Debtor as its Initial Debtor Interview; b. represent Debtor its meeting of creditors pursuant to Bankruptcy Code; c. represent Debtor at all hearings before the United States Bankruptcy Court involving Debtor as Debtor in possession and as reorganized Debtor, as applicable; d. prepare on behalf of Debtor, as Debtor in possession all necessary applications, motions, order, and other legal papers; e. advise Debtor, regarding matters of bankruptcy law, including Debtor's rights and remedies with respect to Debtor's assets and the claims of its creditors; f. represent Debtor with regard to all contested matters; g. represent Debtor with regard to the preparation of a disclosure statement and the negotiation, preparation, and implementation of a plan of reorganization; h. analyze any secured, priority, or general unsecured claims that have been filed in Debtor's bankruptcy case; i. negotiate with Debtor's secured and unsecured creditors regarding the amount and payment of their claims; j. object claims as may be appropriate; k. perform all other legal services for Debtor as Debtor in possession as may be necessary, other than adversary proceedings which would require a further written agreement; l. advise Debtor with respect to its powers and duties as a Debtor in possession in the continued operations of its business; m. provide counseling with respect to the general corporation, securities, real estate, litigation, environmental, state regulatory, and other legal matters which may arise during the pendency of this Chapter 11 case; n. perform all other legal services that is desirable and necessary for the efficient and economic administration of this Chapter 11 case. The firm will be paid at these rates: Attorney $400 per hour Paralegal $60 per hour Law Clerk $25 per hour The firm received an initial retainer in the amount of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Matthew Abassi, Esq., a partner at Abassi Law Corporation, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matthew Abassi, Esq. Abassi Law Corporation 6320 Caniga Ave., Suite 950 Woodland Hills, CA 91367 Telephone: (310) 358-9341 Facsimile: (888) 709-5448 Email: matthew@malawgroup.com About Valley of the Sun Cosmetics LLC Valley of the Sun Cosmetics LLC is a limited liability company. Valley of the Sun Cosmetics LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20301) on November 18, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Matthew Abbasi, Esq. of ABBASI LAW CORPORATION. VERSACE DOMINICAN: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Versace Dominican Restaurant 1 y Mas Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral to fund operations. The court issued an interim order authorizing the Debtor to use cash collateral through January 13 to pay operating expenses in accordance with its budget. The Debtor's revenue may constitute cash collateral of the U.S. Small Business Administration and other lenders. As adequate protection from any diminution in value of their collateral, lenders will be granted replacement liens on assets acquired by the Debtor after the bankruptcy filing that are similar to the lenders' pre-bankruptcy collateral. These liens are automatically perfected and exclude proceeds from avoidance action. A final hearing is scheduled for January 13, 2026. The interim order is available at https://is.gd/BQhlin from PacerMonitor.com. After years of successful operation and a loyal customer base, Versace undertook an expansion and major renovations financed with debt. In 2025, labor shortages reduced staffing levels and sales declined, while high interest rates on expansion debt rapidly depleted cash reserves, leaving Chapter 11 restructuring as the only viable option to preserve going-concern value. Pre-bankruptcy secured financing includes a $150,000 SBA EIDL loan and additional loans from Sound Credit Union (as successor to Washington Business Bank) and WebBank/Toast Capital, all asserting broad security interests in the Debtor's assets and proceeds, potentially giving rise to cash collateral. About Versace Dominican Restaurant 1 y Mas Inc Versace Dominican Restaurant 1 y Mas, Inc. operates a restaurant. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64759) on December 18, 2025. In the petition signed by Leonor Romero, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Benjamin Keck, Esq., at Keck Legal, LLC, represents the Debtor as bankruptcy counsel. VIAJEHOY LLC: Natasha Songonuga Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Natasha Songonuga, Esq., at VTrustee, LLC as Subchapter V trustee for ViajeHoy, LLC. Ms. Songonuga will be paid an hourly fee of $450 for her services as Subchapter V trustee and an hourly fee of $185 for paralegal services. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Songonuga declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Natasha Songonuga, Esq. VTrustee LLC PO Box 841 Wilmington, DE 19899 Email: Nsongonuga@VTrusteellc.com About ViajeHoy LLC ViajeHoy, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Del. Case No. 25-12262) on December 22, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Thomas B Mcnamara presides over the case. Neil B. Glassman, Esq., at Bayard, P.A. represents the Debtor as legal counsel. VINTRENDI WINE: Hires Gregory K. Stern P.C. as Bankruptcy Counsel ----------------------------------------------------------------- Vintrendi Wine Company seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Gregory K. Stern, Dennis E. Quaid, Monica C. O'Brien and Rachel S. Sandler of Gregory K. Stern, P.C. as attorneys. The firm's services include: (a) reviewing assets, liabilities, loan documentation, account statements, executory contracts and other relevant documentation; (b) preparing list of creditors, list of twenty largest unsecured creditors, schedules and statement of financial affairs; (c) advice the Debtor with respect to its powers and duties as Debtor in Possession in the operation and management of his financial affairs; (d) assisting in the preparation of schedules, statement of affairs and other necessary documents; (e) preparing applications to employ attorneys, accountants or other professional persons, motions for turnover, motion for use of cash collateral, motions for use, sale or lease of property, motion to assume or reject executory contracts, plan, applications, motions, complaints, answers, orders, reports, objections to claims, legal documents and any other necessary pleading in furtherance of reorganizational goals; (f) negotiating with creditors and other parties in interest, attending court hearings, meetings of creditors and meetings with other parties in interest; (g) reviewing proofs of claim and solicitation of creditors' acceptances of plan; and, (h) performing all other legal services for the Debtor, as Debtor in Possession, which may be necessary or in furtherance of his reorganizational goals. The attorneys received a retainer in the amount of $16,738. The attorneys will be paid at these rates: Gregory K. Stern $650 Dennis E. Quaid $550 Monica C. O'Brien $550 Rachel S. Sandler $450 The attorneys are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The attorneys can be reached at: Gregory K. Stern, Esq. Dennis E. Quaid, Esq. Monica C. O'Brien, Esq. Rachel S. Sandler, Esq. 53 West Jackson Boulevard, Suite 1442 Chicago, IL 60604 Phone: (312) 427-1558 About Vintrendi Wine Company Vintrendi Wine Company is a wine manufacture in Illinois. Vintrendi sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18650) on December 4, 2025, with up to $100,000 in assets and up to $1 million in liabilities. Rickey Nesbitt, president of Vintrendi, signed the petition. Gregory K. Ster, Esq., at Gregory K. Stern, P.C., represents the Debtor as legal counsel. VIVAKOR INC: Shareholders Back Reverse Split, Share Increase ------------------------------------------------------------ Vivakor, Inc. held a special meeting of stockholders. The total votes cast at the meeting were 146,916,411 out of a total number of 270,781,687 votes outstanding and entitled to vote at the Special Meeting, meaning greater than 50% of the total votes outstanding and entitled to vote at the Special Meeting were present in person or by proxy thereby constituting a quorum. Results of the matters voted on by the Company's stockholders: Proposal 1: Approval of the Investor Stock Issuances, as detailed in the proxy materials: Votes For: 140,908,803 Votes Against: 5,044,753 Votes Abstained: 962,855 Broker Non-Votes: - Proposal 2: Approval of the Reverse Stock Split, as detailed in the proxy materials: Votes For: 140,797,337 Votes Against: 5,827,239 Votes Abstained: 291,835 Broker Non-Votes: - Proposal 3: Approval of the Increase in Authorized Stock, as detailed in the proxy materials: Votes For: 140,122,770 Votes Against: 6,525,789 Votes Abstained: 267,852 Broker Non-Votes: - On December 23, 2025, in accordance with the approval of the holders of a majority of the Company's outstanding voting shares delivered at the Special Meeting of the Company's Shareholders held on December 22, 2025, filed a Certificate of Amendment to the Company's Amended and Restated Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada effecting the increase of the number of shares of capital stock the Company is authorized to issue to 515,000,000, comprised of 500,000,000 shares of common stock, par value $0.001 per share, and 15,000,000 shares of preferred stock, par value $0.001 per share. Proposal 4: Approval of the 2025 Equity and Incentive Plan, as detailed in the proxy materials: Votes For: 141,630,785 Votes Against: 4,929,941 Votes Abstained: 355,685 Broker Non-Votes: - On the basis of the votes: (i) the proposal to approve the Investor Stock Issuances was adopted, (ii) the proposal to approve the Reverse Stock Split was adopted; (iii) the proposal to approve the Increase in Authorized Stock was adopted, and (iv) the proposal to approve the 2025 Equity and Incentive Plan was adopted. About Vivakor, Inc. Vivakor, Inc. provides transportation, storage, reuse, and remediation services for crude oil and petroleum byproducts. The Company operates facilities under long-term contracts to support these services and manages energy-related assets, properties, and technologies. Vivakor reported total assets of $244.54 million, total liabilities of $146.5 million, and total stockholders' equity of $98.04 million as of June 30, 2025. The Company has historically suffered net losses and cumulative negative cash flows from operations, and as of June 30, 2025, it had an accumulated deficit of approximately $112.1 million. As of June 30, 2025 and Dec. 31, 2024, Vivakor had a working capital deficit of approximately $105.8 million and $101.5 million, respectively. As of June 30, 2025, the Company had cash of approximately $3.7 million, of which $3.2 million is restricted cash. In addition, the Company has obligations to pay approximately $74 million of debt within one year of the issuance of the financial statements. In its audit report dated April 15, 2025, Urish Popeck & Co., LLC issued a "going concern" qualification citing that the Company has a significant working capital deficiency, suffered significant recurring losses from operations, 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. VIVAKOR INC: Signs LOI to Acquire Coyote Oilfield Services ---------------------------------------------------------- Vivakor, Inc. has signed a non-binding letter of intent to acquire Coyote Oilfield Services, LLC through its affiliate Vivakor Midstream, LLC. The proposed acquisition is intended to materially expand Vivakor's midstream capabilities by adding complementary expertise across pipeline development, terminal operations, oilfield services, and energy marketing, strengthening the Company's ability to deliver integrated infrastructure and logistics solutions to customers across the energy value chain. Coyote is a growth-oriented energy infrastructure and logistics provider with a strong track record in the design, construction, ownership, and operation of crude oil pipeline, gathering, and terminal assets across major producing regions. Its oilfield services operations provide construction management and consulting services for a wide range of capital projects, enabling Vivakor to extend its capabilities earlier in the asset lifecycle and more effectively support customer development needs. In addition, Coyote's marketing capabilities and established industry relationships are expected to enhance Vivakor's ability to optimize volumes, improve asset utilization, and deepen long-term relationships with producers, marketers, refiners, and end-use customers. Coyote's principals are expected to remain with the business following closing, supporting continuity, integration, and execution. Vivakor Chairman and Chief Executive Officer James Ballengee commented, "We are excited to team up with the Coyote team. They bring proven operational, construction, and commercial capabilities that meaningfully enhance Vivakor's integrated midstream platform. We believe this combination positions us to deliver more comprehensive, customer-focused infrastructure solutions while strengthening relationships across our core markets." Michael Duffy, Managing Partner and Chief Executive Officer of Coyote Oilfield Services, added, "Vivakor's integrated midstream platform and disciplined approach to infrastructure development make them a strong strategic fit for Coyote. Our team has deep experience designing, constructing, and operating pipeline, terminal, and related oilfield infrastructure, and we believe combining those execution capabilities with Vivakor's broader platform will allow us to deliver projects more efficiently, scale solutions faster, and better support customers across key energy markets." The parties are working toward definitive agreements with a targeted closing on or before February 28, 2026, subject to customary conditions. About Vivakor, Inc. Vivakor, Inc. provides transportation, storage, reuse, and remediation services for crude oil and petroleum byproducts. The Company operates facilities under long-term contracts to support these services and manages energy-related assets, properties, and technologies. Vivakor reported total assets of $244.54 million, total liabilities of $146.5 million, and total stockholders' equity of $98.04 million as of June 30, 2025. The Company has historically suffered net losses and cumulative negative cash flows from operations, and as of June 30, 2025, it had an accumulated deficit of approximately $112.1 million. As of June 30, 2025 and Dec. 31, 2024, Vivakor had a working capital deficit of approximately $105.8 million and $101.5 million, respectively. As of June 30, 2025, the Company had cash of approximately $3.7 million, of which $3.2 million is restricted cash. In addition, the Company has obligations to pay approximately $74 million of debt within one year of the issuance of the financial statements. In its audit report dated April 15, 2025, Urish Popeck & Co., LLC issued a "going concern" qualification citing that the Company has a significant working capital deficiency, suffered significant recurring losses from operations, 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. WAHL TO WAHL: Unsecured Creditors to Get 1 Cent on Dollar in Plan ----------------------------------------------------------------- Wahl to Wahl Auto LLC submitted an Amended Plan of Reorganization for Small Business dated December 30, 2025. This Plan of Reorganization proposes to pay creditors of the Debtor from the sale of assets through liquidation pursuant to a Motion For Sale of Property scheduled for a January 6, 2026 Court hearing. The final Plan payment is expected to be paid on May 1, 2026. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 1 cent on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 6 consists of Non-priority unsecured creditors. Unsecured creditors will receive a total of approximately $20,000.00 which will be distributed pro rata to all allowed unsecured claims. Debtor will pay the total proceeds of the sale of all non-floor planned vehicles distributed to unsecured creditors pro rata. It is anticipated that this will yield approximately 1 cent on the dollar of all unsecured allowed claims. This Class is impaired. Class 7 consists of Equity security holders of the Debtor. Equity interest holders shall receive 100% of the shareholder interests in the reorganized Debtor. The Debtor has ceased its normal business operation and is in the process of liquidating its assets in the following manner: * Debtor will "Crush" and sell as salvage, a portion of its vehicle hulls, primarily the vehicle hulls that are secured by Floor Plan Creditors. The proceeds will be used to pay the the Floor Plan Creditors. * Debtor will conduct an auction of remaining parts, cores, etc., and small equipment, fixtures and non-floor-planned vehicles. The proceeds of the sale of the non-floor-planned vehicles will be held for unsecured creditors. The balance of the proceeds of the auction will be held for secured creditors. * The Debtor will conduct a final "Crush" of all remaining vehicle hulls and unsold parts. The proceeds of this Crush will be held for secured creditors. * A Second auction will be held In the Spring of 2026 where the Debtor will sell large equipment. The proceeds of this auction will go to Creditors secured by the specific equipment sold, and the balance will be held for general secured creditors. The Plan will be implemented by the Debtor remitting payment to creditors as provided for in Section 4.01 herein from the proceeds of the sale of assets as outlined above and as indicated in the projections. Upon Confirmation of the Plan, all property of the Debtor, tangible and intangible, including, without limitation, licenses, furniture, fixtures, and equipment, will revert free and clear of all Claims and Equitable Interests except as provided in the Plan, to the Debtor. The Debtor expects to have sufficient cash on hand to make the payments required on the Effective Date. A full-text copy of the Amended Plan dated December 30, 2025 is available at https://urlcurt.com/u?l=7VRmFB from PacerMonitor.com at no charge. Counsel to the Debtor: Peter A. Orville, Esq. ORVILLE & McDONALD LAW, P.C. 30 Riverside Drive Binghamton, NY 13905 Telephone: (607) 770-1007 About Wahl to Wahl Auto LLC Wahl to Wahl Auto LLC, doing business as Wahl To Wahl Car Sales, operates a 34-acre auto recycling facility and used car dealership in Otsego County, New York. Wahl to Wahl Auto LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-60846) on Sept. 22, 2025. At the time of filing, the Debtor disclosed $1,096,667 in assets and $1,925,266 in liabilities. The petition was signed by Anthony S Wahl as sole member. Peter A. Orville, at Orville & McDonald Law, P.C., is the Debtor's counsel. WE WEST TEXAS: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: WE West Texas Towco LLC P.O. Box 177 Sheffield TX 79781 Business Description: WE West Texas Towco LLC, based in Sheffield, Texas, provides towing, roadside assistance, and vehicle recovery services across West Texas, including light, medium, and heavy- duty towing for motorcycles, cars, semi- trucks, and construction equipment. The Company also offers jumpstarts, fuel delivery, tire changes, and lockout services, and conducts specialized accident recovery and heavy-duty winching. Chapter 11 Petition Date: January 2, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-70003 Debtor's Counsel: Charlie Shelton, Esq. HAYWARD PLLC 7600 Burnet Road, Suite 530 Austin TX 78757 Tel: (737) 881-7100 E-mail: cshelton@haywardfirm.com Total Assets as of October 31, 2025: $6,550,489 Total Liabilities as of October 31, 2025: $2,255,739 The petition was signed by Caci Koegel as authorized signatory. The Debtor filed a list of its 20 largest unsecured creditors, but all entries were left blank. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2VABXRY/WE_West_Texas_Towco_LLC__txwbke-26-70003__0001.0.pdf?mcid=tGE4TAMA WEATHERSTONE LLC: Hires Walker & Dunlop/Beach Front as Brokers -------------------------------------------------------------- Weatherstone LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Walker & Dunlop Investment Sales, LLC as real estate broker and Beach Front Realty, Inc. as co-broker. The brokers will assist in listing and marketing the real property located at 168.38 acres south of Dallas, GA in Paulding County with frontage on Buchanan Highway and Monroe Cole Road, parcel ID: 151.4.1.001.0000 for sale, identifying potential purchasers, assisting with related negotiations, and assisting the Debtor to consummate any purchase and sale agreement. The brokers will earn a commission of 2.5 percent of the gross sales price of the property. Alex Holt, a licensed broker at Walker & Dunlop Investment Sales, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alex Holt Walker & Dunlop Investment Sales, LLC 3350 Peachtree Road NE, Suite 750 Atlanta, GA 30326 Phone: (404) 946-6900 -- and -- Mindy Kurkin Beach Front Realty, LLC 517 Arthur Godfrey Rd. Miami Beach, FL 33140 Tel: (305) 528-7984 Email: mindykurkin@gmail.com About Weatherstone LLC Weatherstone LLC based in Dallas, Georgia, develops and sells single-family homes in a 172-acre residential subdivision near Monroe Cole Road. Weatherstone LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41599) on October 14, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. The Debtor is represented by Will Geer, Esq. of ROUNTREE, LEITMAN, KLEIN & GEER, LLC. WHITEHALL MANOR: Commences Chapter 11 Bankruptcy in Pennsylvania ---------------------------------------------------------------- Pennsylvania-based senior care provider Whitehall Manor, Inc. has entered Chapter 11 bankruptcy, seeking court protection to reorganize its business while addressing a balance sheet weighed down by liabilities exceeding assets, according to court filings. The company filed a voluntary petition in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania, PACER records show. The filing was signed by Abraham Atiyeh on the company's behalf, and the case is being handled by Judge Patricia M. Mayer, with Michelle Lee of Dilworth Paxson LLP representing the debtor. About Whitehall Manor Inc. Whitehall Manor Inc. is a Pennsylvania-based senior care provider. Whitehall Manor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code(Bankr. E.D. Pa. Case No. 25-15245) on December 26, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Michelle Lee, Esq. of Dilworth Paxson LLP. WILLIAMS TREE: Includes Lindsay Eastham Unexpired Lease Claim ------------------------------------------------------------- Williams Tree Service, LLC, submitted an Amended Plan of Reorganization dated December 30, 2025. Since the petition date the Debtor has worked diligently to get its operation up and running, as pre-petition garnishment actively had essentially caused the Debtor to shut down. Since filing the Debtor has been able to bring on a tree cutting crew that will allow it to service a considerable customer backlog. On December 1, 2025, Robbie L. Critzer, the former bookkeeper, filed an adversary proceeding asserting a non-dischargeable claim against the Debtor. The Debtor plans to respond, denying any and all liability to Critzer. The adversary proceeding does not contain any documents, contracts, receipts, or any other writing to support any claim, and in any event, any funds that the Debtor may possibly owe to Critzer, although all debt is denied, are far exceeded by the amount of lost funds and property suffered by the debtor at the hands of Critzer. Class 5 consists of Lindsay Eastham Unexpired Lease Claim. The Debtor hereby assumes the unexpired lease with Lindsay Eastham for its office and store located at 13830 Lee Highway in Rappahannock, Virginia. Rent is $3,000.00 per month. The Debtor is current with post-petition rent payments. The Debtor was two months in arrears as of the petition date. The Debtor proposes to cure the pre-petition arrearage by paying the Class 5 creditor an additional $500.00 per month for twelve months, commencing in January, 2026. Like in the prior iteration of the Plan, Class 5 consists of General Unsecured Claims. As a result of a review of its chapter 11 schedules and the claims that have been filed in this case as of the claims bar date of November 7, 2025, the Debtor estimates its general unsecured claims to be approximately $66,000.00. On a semi-annual basis commencing six months after the Effective Date, and for a period of five years following or the date that all class 5 claims are paid in full, whichever is sooner, and after paying any outstanding Class 1 claims, the Debtor will commit all of its disposable income to the Williams Tree Service, LLC Reorganization Fund. From the Williams Tree Service, LLC Reorganization Fund, the Debtor will make annual pro-rata distributions to allowed Class 5 Claims. The Debtor will fund its obligation to the Williams Tree Service, LLC Reorganization Fund with its aggregate disposal income within thirty days from the end of each six-month period. Disposable income shall be defined as gross revenues less operating and administrative expenses as set out in the cash flow projections, less 25% of gross revenues for anticipated capital expenditures and equipment repair. Thus, provided an Effective Date in March 2026, the first general unsecured payment will be due in October, 2026. If the Debtor's revenue and expenses projections are accurate, Class 5 creditors can expect to receive fifty percent of their claims, even without a recovery from the embezzlement claim. The Debtor will continue its operations servicing its customers in the ordinary course of business. Greg Williams will continue in his role as Manager of the Debtor at his salary previously disclosed in this case. A full-text copy of the Amended Plan dated Dec. 30, 2025 is available at https://urlcurt.com/u?l=CGmtHl from PacerMonitor.com at no charge. Counsel for the Debtor: Andrew S. Goldstein, Esq. MAGEE GOLDSTEIN LASKY & SAYERS, P.C. PO Box 404 Roanoke, VA 24003-0404 Telephone: (540) 529-1609 Facsimile: (540) 343-9898 E-mail: agoldstein@mglspc.com About Williams Tree Service Williams Tree Service, LLC, was formed as a Virginia limited liability company in 2004. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Va. Case No. 25-50509) on Aug. 29, 2025, with $500,001 to $1 million in assets and liabilities. Judge Rebecca B. Connelly presides over the case. Andrew S. Goldstein, at Magee Goldstein Lasky & Sayers, P.C., is the Debtor's legal counsel. WORLD NUTRITION: Seeks Chapter 7 Bankruptcy in Arizona ------------------------------------------------------ On December 15, 2025, World Nutrition Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About World Nutrition Inc. World Nutrition Inc. is a nutrition-focused company operating in the dietary supplement industry, serving the health and wellness market. World Nutrition Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12077) on December 15, 2025. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge James M. Marlar handles the case. The Debtor is represented by Alisa C. Lacey, Esq. of Stinson Morrison Hecker LLP. XTREME SPORTS: Unsecureds to Get $100 per Month over 5 Years ------------------------------------------------------------ Xtreme Sports Group Chattanooga, LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Plan of Reorganization dated December 30, 2025. The Debtor is a Texas corporation which currently operates from Chattanooga, Tennessee. Debtor is an Urban Air Adventure Park franchisee through which it offers endless fun for kids of all ages. Though attractions the Debtor provides a safe and fun environment where kids can be active, connect socially, and feel special. The Debtor operates under a franchise agreement by and between itself and UATP Management, LLC ("Franchisor"). It is critical to the success of this chapter 11 case that the franchise agreement remain in place. The Plan provides for a reorganization and restructuring of the Debtor's financial obligations. The Plan provides for a distribution to Creditors in accordance with the terms of the Plan from the Debtor over the course of five years from the Debtor's continued business operations. Class 3 consists of Non-priority unsecured Claims. Each holder of an Allowed Unsecured Claim in Class 3 shall be paid by Reorganized Debtor from an unsecured creditor pool, which pool shall be funded at the rate of $100.00 per month commencing the first full month after the effective date. Payments from the unsecured creditor pool shall be paid quarterly, for a period not to exceed five years (20 quarterly payments) and the first quarterly payment will be due on the 20th day of each complete post-petition quarter. The Debtor estimates the aggregate of all Allowed Class 3 Claims is less than $2,200,00 based upon the Debtor's review of the Court's claim register, the Debtor's bankruptcy schedules, and anticipated deficiency claims and 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. The Debtor proposes to implement and consummate this Plan through the means contemplated by Sections 1123 and 1145(a) of the Bankruptcy Code. From and after the Effective Date, in accordance with the terms of this Plan and the Confirmation Order, the Reorganized Debtor shall perform all obligations under all executory contracts and unexpired leases assumed in accordance with Article 6 of this Plan. A full-text copy of the Plan of Reorganization dated December 30, 2025 is available at https://urlcurt.com/u?l=hyzhEq from PacerMonitor.com at no charge. Counsel to the Debtor: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco·Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Xtreme Sports Group Chattanooga Xtreme Sports Group Chattanooga, LLC, is an Urban Air Adventure Park franchisee through which it offers endless fun for kids of all ages. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-43798) on Oct. 1, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Edward L. Morris presides over the case. Robert Thomas DeMarco, Esq., is the Debtor's legal counsel. YALDA REAL: Court OKs Appointment of Chapter 11 Trustee ------------------------------------------------------- Judge Jeffrey Norman of the U.S. Bankruptcy Court for the Southern District of Texas approved the appointment of Allison Byman as Chapter 11 trustee for Yalda Real Estate Group, LLC. Judge Norman further ordered that the Chapter 11 trustee post a bond with a surety acceptable to the U.S. Trustee in an amount of at least $150,000 to protect Yalda's estate. Kevin Epstein, the U.S. Trustee for Region 7, appointed the Chapter 11 trustee on December 29, 2025. The U.S. trustee selected Ms. Byman because she has the knowledge and experience required to fulfill the duties of a bankruptcy trustee. To the best of the U.S. Trustee's knowledge, Ms. Byman's connections with Yalda, creditors and any other parties in interest and their respective attorneys and accountants are limited to the connections set forth in Ms. Byman's verified statement. A copy of the appointment order is available for free at https://urlcurt.com/u?l=Yd0573 from PacerMonitor.com. About Yalda Real Estate Group LLC Yalda Real Estate Group, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-36650) on November 3, 2025. In its petition, the Debtor disclosed up to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The Debtor is represented by Larry A. Vick, Esq. ZOOZ STRATEGY: Receives Nasdaq Bid Price Deficiency Notice ---------------------------------------------------------- ZOOZ Strategy Ltd. announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notification Letter does not impact the Company's listing on The Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until June 15, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by June 15, 2026, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. About ZOOZ Power Headquartered in Lod, Israel, ZOOZ Strategy Ltd., formerly ZOOZ Power Ltd., develops, produces, and markets energy storage and management systems for electric vehicle charging infrastructure. The Company's solutions use flywheel-based kinetic energy storage and advanced software to optimize power delivery to clusters of ultra-fast EV chargers, providing additional energy when grid capacity is limited and enabling off-peak energy storage. ZOOZ operates internationally, focusing on supporting the deployment and efficiency of robust, cost-effective EV charging networks. In its audit report dated March 7, 2025, Kesselman & Kesselman issued a "going concern" qualification citing that the Company has net losses and has generated negative cash flows from operating activities for the years ended Dec. 31, 2024, 2023 and 2022. Such circumstances raise substantial doubt about the Company's ability to continue as a going concern. The Company noted in its Quarterly Report for the period ended June 30, 2025, that since commercial sales of its products have only recently begun and in light of anticipated cash requirements, its cash balance as of June 30, 2025, and at the time the financial statements were approved, is insufficient to fund operations for at least 12 months from the approval date. In order to continue the Company's operations, including research and development and sales and marketing, the Company is looking to secure financing from various sources, including additional investment funding. There is no assurance that the Company will be successful in obtaining the level of financing necessary to finance its operations. As of June 30, 2025, ZOOZ Power had $6.55 million in total assets, $6.70 million in total liabilities, and a total deficit of $146,000. ZUUM TRANSPORTATION: Hires Dundon Advisers as Financial Advisor --------------------------------------------------------------- Zuum Transportation Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Dundon Advisers LLC as financial advisor. The firm will render these services: a. evaluate near-term business plan/financial forecast; b. evaluate and/or assist in developing a liquidation analysis; c. provide advice on restructuring alternatives, including but not limited to, any asset sales, financing, or a plan of reorganization; d. render general financial advice, financial analytics, and modeling; e. assist in the preparation of a plan of reorganization; f. assist with the review, classification, and quantification of claims against the estate under the plan of reorganization; g. determine the value of certain assets, businesses, collateral, and damages derived from causes of action; h. assist with monthly operating reports, schedules, statements of financial affairs, UST packages and other financial information and disclosures required during the pendency of the Chapter 11 case; i. assist the Debtor and legal counsel with the preparation of all case motions requiring financial information or analysis; and j. render such other restructuring, general business consulting or other assistance as may be requested. The firm's hourly rates are: Principal $1,090 Managing Director and Senior Adviser $960 Senior Director $850 Director $755 Associate Director $650 Senior Associate $495 Associate $350 As disclosed in the court filings, Dundon Advisers is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric A. Reubel Dundon Advisers LLC Ten Bank Street, Suite 1100 White Plains, NY 10606 Phone: (917) 626-4051 Email: er@dundon.com About Zuum Transportation Inc. Zuum Transportation Inc. based in Irvine, California, operates a digital logistics platform connecting shippers, brokers, carriers, and drivers across the U.S. and globally. The Company provides technology-driven freight and supply-chain solutions aimed at improving efficiency and cost-effectiveness for shippers while enhancing profitability for carriers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-13127) on November 6, 2025. In the petition signed by Matt Tabatabai, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Mark D. Houle oversees the case. Eve H. Karasik, Esq., at LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P., represents the Debtor as legal counsel. ZYNEX INC: Seeks to Hire Epiq as Claims and Noticing Agent ---------------------------------------------------------- Zynex Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Sophie Frodsham, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Sophie Frodsham EPIQ CORPORATE RESTRUCTURING, LLC 777 Third Avenue, 12th Fl. New York, NY 10017 About Zynex Inc. Zynex Inc. is a medical technology firm specializing in non-invasive devices for pain management and rehabilitation. Zynex Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90810) on December 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $50 million and $100 million each. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Omar Jesus Alaniz, Esq. of Reed Smith, LLP. [] 6 Freight Carriers That Filed Chapter 11 in November 2025 ------------------------------------------------------------ Quinn Donoghue of Equipment Finance News reports that six freight carriers filed for Chapter 11 bankruptcy in November, according to U.S. Bankruptcy Court records obtained by Equipment Finance News, with unsecured claims in several cases reaching six-figure amounts. The filings include Empire Trimodal Terminal in West Virginia, Orange Courier in California, P Judge & Sons Trucking in New Jersey, S & L Trucking in Mississippi, US Sikh Transport in California and VP Direct in Illinois. Creditor disclosures show significant exposure, including more than $760,000 claimed by Milestone Equipment Co. in the P Judge & Sons case and roughly $472,000 owed to an EV truck leasing firm operating as Velocity Truck Rental and Leasing in the Orange Courier filing. BMO Financial Group also listed claims exceeding $80,000 in the VP Direct case, according to report. Despite ongoing industry headwinds, November 2025's filings marked an improvement from October and September, which posted 12 and 10 bankruptcies, respectively — the highest monthly totals since EFN began tracking freight bankruptcies, the report relays. Industry analysts say recovery will depend on a rebound in domestic manufacturing and meaningful capacity reductions, while lenders are urged to balance loan extensions with disciplined repossessions to preserve collateral value. [] Herrick Promotes Elizabeth Plowman to Partner ------------------------------------------------ Herrick announced the elevation of Gita Gandhi, Maxim M.L. Nowak, Elizabeth Plowman and Joshua Stricoff to partner. Their promotions are effective January 1, 2026. "We are delighted to welcome such an impressive group of attorneys into our partnership," said Belinda Schwartz, Herrick's Executive Chairperson. "This group embodies the firm's values of collaboration and client service, and we look forward to their continued contributions to the firm and our clients.” 2026 Partners Gita Gandhi, a partner in Herrick's Real Estate Department, advises owners, developers, investors, and financial institutions on sophisticated acquisitions and dispositions of fee and membership interests, as well as complex financing, investment and development transactions across multiple asset classes, including multifamily properties, commercial and office buildings, and hotels and resorts. Many of these transactions involve intricate development or tax structuring components and span jurisdictions nationwide. Gita leverages her diverse experience to strategically analyze transactions and anticipate potential challenges at every stage of a transaction. Maxim M.L. Nowak is a partner in Herrick's Litigation, Securities Enforcement and White Collar Defense & Investigations Groups. He focuses his practice on regulatory defense, internal investigations, crisis management and commercial and employment litigation. As a former senior in-house litigator, Max brings a commercially savvy perspective to his clients and appreciates the need for effective & efficient counsel in all manner of disputes. Max has deep experience representing corporate and individual clients in high-stakes cross-border investigations, criminal matters, regulatory enforcement actions (SEC, CFTC, PCAOB, FINRA, DOL and States Attorney General) and parallel litigation. Max also has extensive experience representing clients in a wide variety of complex commercial litigation in state and federal courts across the Country. Elizabeth Plowman, a partner in Herrick's Restructuring & Finance Litigation Department, focuses her practice on complex commercial litigation, bankruptcy and financial restructuring. She has extensive litigation experience involving complex commercial cases, valuation disputes and various matters arising from corporate restructurings and insolvency proceedings, including LMEs (liability management exercises) and other intercreditor disputes. She handles cases in federal and state courts as well as in arbitration forums. Joshua Stricoff, a partner in Herrick's Litigation Department, focuses his practice on general commercial, real estate and construction litigation. Josh has represented clients in a wide range of matters, including partnership and joint venture disputes, breach of contract claims, commercial lease-related actions, fraud suits, breach of fiduciary duty cases, business and real estate valuation proceedings and claims adverse to government agencies. Additionally, Josh has deep experience representing owners, developers and condominium boards in cases involving construction defects and delays, design defects and professional malpractice and property damage. About Herrick Founded in 1928, Herrick, Feinstein LLP -- http://www.herrick.com -- is a prominent, full-service law firm, providing comprehensive legal services to businesses and individuals around the world doing business in the United States. From its offices in New York City; Newark, New Jersey; and Pittsburgh, Pennsylvania, Herrick maintains robust real estate, corporate, finance, litigation, bankruptcy and financial restructuring capabilities, complemented by significant depth in the areas of employment, intellectual property, sports, tax law and private clients. [] Over 700 US Firms Went Bankrupt in 2025, A 14% Rise from 2024 ---------------------------------------------------------------- Ariel Zilber of New York Post reports that U.S. corporate bankruptcies are surging toward post-financial-crisis highs, driven by inflation, elevated interest rates and tariffs that have upended balance sheets across multiple sectors in 2025. Data from S&P Global Market Intelligence show at least 717 U.S. companies filed for bankruptcy through November, a 14% increase from the same period last year and the highest count since 2010. The cases include both Chapter 11 restructurings and Chapter 7 liquidations. Several well-known companies collapsed during the year, including Rite Aid, 23andMe, Hooters and Spirit Airlines. Analysts say President Trump's trade policies have intensified financial stress by pushing up the cost of imported materials and tightening already strained supply chains. Industrial firms have borne the brunt of the damage. Manufacturing employment fell by more than 70,000 jobs over the past year, federal data show, even as tariffs on steel, components and energy equipment squeezed margins and curtailed investment. Consumer discretionary businesses followed closely behind, reflecting pullbacks by households prioritizing essentials over apparel, home goods and dining out. The year also saw a sharp rise in billion-dollar bankruptcies, underscoring how inflation, high rates and restricted credit markets have left even large companies vulnerable, the report states. [] U.S. AgriTech Bankruptcies in 2025 ------------------------------------- Sepehr Achard of IGrow News reports that the AgTech sector experienced a wave of distress in 2025, with at least 21 companies across multiple subsectors filing for bankruptcy or entering liquidation. Affected areas included insect protein, vertical farming, greenhouse systems, agricultural drones, biotech, and digital platforms. Collectively, more than $2.8 billion in venture capital funding was linked to companies that failed during the year, according to disclosed figures. The losses mark a significant pullback from the aggressive funding cycles that defined the sector in prior years. Insect farming emerged as the most heavily impacted segment, with notable failures such as Ÿnsect, ENORM, Inseco, and BeoBia. Analysts say the concentration reflects persistent cost and scalability challenges tied to energy usage and production economics. Several of the failed companies had progressed beyond early development, raising Series B, C, or D capital before collapsing. The pattern suggests that execution and commercialization hurdles — not lack of innovation — combined with high fixed costs and ongoing fundraising dependence, drove many of the failures. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***