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260209.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, February 9, 2026, Vol. 30, No. 40 Headlines 120 SOUTH: To Sell Liberty Property to RM ROD Properties 22 EAST C: Case Summary & Six Largest Unsecured Creditors 303 HIGHLINE: Unsecured Creditors Will Get 2% of Claims in Plan 3103 TEN: Employs Belmont Firm as Bankruptcy Counsel 3103 TEN: Monique Almy Named Subchapter V Trustee 57 CONCRETE: Employs Abrams Fensterman as Special Counsel 6363 WEST 73RD: Case Summary & One Unsecured Creditor 805 MAIN: To Sell Cambridge Property to Ramakumar V. Rayasam 960 MANAGEMENT: Sylvia Mayer Named Subchapter V Trustee AAM EQUIPMENT: Case Summary & 16 Unsecured Creditors ADDIAN INC: Claims to be Paid from Total Liquidation Value ADVANCED DRAINAGE: S&P Alters Outlook to Pos., Affirms 'BB' ICR AFFORDABLE CARE: Taps AlixPartners for Restructuring Advice ALEXANDER PLASTICS: Court OKs Acrylic Pieces Sale to Highest Offer ALL SECURE: Seeks to Extend Plan Exclusivity to February 20 ALLSTAR PROPERTIES: Affiliate to Sell 3750 Rome Estate to Stinson's ALLSTAR PROPERTIES: To Sell Marble Street Property to Remi Martel ALVARADO INVESTMENT: Voluntary Chapter 11 Case Summary AMERICAN BULK: Case Summary & Eight Unsecured Creditors AMERICAN SIGNATURE: Wins Court Approval for Chapter 11 Sale ANDERSON HAY: Committee Hires Dundon as Financial Advisor ANGEL'S PARADISE: Seeks to Hire Falcone Law Firm as Attorney ANNALEE DOLLS: Hearing Today on Bid to Use Cash Collateral API GP VENTURE: Plan Exclusivity Period Extended to April 2 ARM VENTURES: Court Extends Cash Collateral Access to Feb. 27 ATLAS CC HOLDING: S&P Upgrades ICR to 'CCC-', On Watch Positive AVALO ENTERPRISES: Hires Richard Siegmeister P.A. as Counsel AW FARMS: Case Summary & 12 Unsecured Creditors AW FARMS: Commences Chapter 11 Bankruptcy in Kentucky AZORRA FINANCE: S&P Rates Proposed $350MM Unsecured Notes 'BB-' BALTIMORE INTERNATIONAL: Hires Tydings & Rosenberg LLP as Counsel BANNING, CA: S&P Lowers Rev. Bond Rating to 'B', Outlook Negative BK & MK LLC: Hires Law Offices of David P. Leibowitz as Counsel BLIZE HEALTHCARE: U.S. Trustee Appoints Tamar Terzian as PCO BON MORRO: Boylston Kenmore Loses Bid to Dismiss Adversary Case BOZETTIS GROUP: Hires MANNLawFirm as Special Counsel BUCKINGHAM SENIOR: No Decline in Patient Care, 1st PCO Report Says BURTON TRANSPORT: Hires Huffman-Wei Tax Services as Accountant CALIBUR FLUIDS: Starts Chapter 7 Bankruptcy in Oklahoma CALUMET INC: S&P Alters Outlook to Positive, Affirms 'CCC+' ICR CANO ELECTRIC: Gets OK to Use Cash Collateral Until Feb. 17 CAPITAL MONETIZATION: Hires Professional Financial as Accountant CARE FOR THE ELDERLY: Gets Interim OK to Use Cash Collateral CARE FOR THE ELDERLY: U.S. Trustee Appoints Tamar Terzian as PCO CARING FOR YOU: No Resident Complaints, 5th PCO Report Says CARLSBAD 10: Case Summary & Seven Unsecured Creditors CARROLL CREEK: Taps Law Office of Tap David E. Cahn as Counsel CEDAR HAVEN: U.S. Trustee Appoints Margaret Barajas as PCO CELEST INVESTMENTS: Starts Chapter 11 Bankruptcy in Massachusetts CHEROKEE HOLDINGS: Case Summary & Four Unsecured Creditors CHICKASHA HOSPITALITY: Case Summary & Six Unsecured Creditors CIRCLE FURNITURE: Seeks Chapter 11 Bankruptcy in Massachusetts CLEARSIDE BIOMEDICAL: Hires Deloitte as Tax Services Provider CNY SEALCOATING: Gets Interim OK to Use Cash Collateral CONGREGATION TEFILA: Hires Bronson Law Offices as Counsel COOL FREAKIN': Case Summary & Six Unsecured Creditors CRUISING KITCHENS: Seeks to Sell Furniture/Equipment in Garage Sale CURRY INVESTMENTS: Seeks Chapter 11 Bankruptcy in Missouri DCA OUTDOOR: Court OKs Machinery Sale at Auction DIOCESE OF ALBANY: Insurer Balks at $8MM Claim Deal in Chapter 11 DIOCESE OF BUFFALO: Insurance Funds Near $165M for Survivors DIOCESE OF OAKLAND: Judge Denies Bid to Defer Atty. Fee Payment DOUGH 4 DAYS: Seeks Chapter 7 Bankruptcy in Florida EDIBLE ARMSTRONG: Starts Chapter 7 Bankruptcy in Idaho ELETSON HOLDINGS: Gets Court OK to Pursue Former Officials' Arrest ENGLEWOOD HOSPITALITY: Gets Interim OK to Use Cash Collateral FAIRFIELD WILLIAMSBURG: Seeks to Sell Real Estate Biz at Auction FIRST BRANDS: Creditors Seek OK to Hire Nardello to Probe Fraud FIRST BRANDS: Examiner Hires Okin Adams as Legal Counsel FIRST BRANDS: Founder Denies Fraud Charges, Pleads Not Guilty FOR THE WIN: Case Summary & 16 Unsecured Creditors FRANCISCAN FRIARS: Reaches $20MM Bankruptcy Deal w/ Abuse Claimants FULLER'S SERVICE: Seeks to Sell Vehicles to Highest Bidder G D FAMILY: Seeks to Hire Larson & Zirzow as Legal Counsel G.R.O.W. TRUCKING: Seeks Chapter 7 Bankruptcy in Oklahoma GARAGESKINS INC: Seeks Chapter 7 Bankruptcy in Idaho GENESIS HEALTHCARE: Seeks to Extend Plan Exclusivity to April 17 GLOBAL CONCESSIONS: Committee Hires Dobbins Company as Appraiser GRAN TIERRA: Amends Exchange Offer for 2029 Notes GROFF TRACTOR: Seeks to Extend Plan Exclusivity to April 13 HAYWARD INDUSTRIES: Moody's Alters Outlook on 'B1' CFR to Positive HEALTHY OCEANS: Hires Law Firm of Stanley A. Zlotoff as Counsel HIGH ZZEAZZZ: To Sell Marina Property to Scot Collins for $2.4MM HUNTLEY AVENUE: Seeks to Hire RHM Law LLP as Counsel INSPIRED HEALTHCARE: Investors Urged to Act After Chapter 11 Filing INSPIRED HEALTHCARE: Seeks to Sell Senior Living at Auction JILL ACQUISITION: S&P Withdraws 'B+' Issuer Credit Rating L3DFX LLC: Case Summary & 20 Largest Unsecured Creditors LISBON VISTA: Hires Curry Advisors as General Bankruptcy Counsel LONGBONS ENTERPRISES: Gets Final OK to Use Cash Collateral LOVING KINDNESS: No Patient Care Concern, 1st PCO Report Says LUGANO DIAMONDS: Sues Travelers Casualty to Cover Defense Costs MAIN STREET: To Sell Real Estate Assets to Concord Wilshire MAMA BIRD'S: Taps Biggs Law Firm PLLC as Legal Counsel MANAGEMENT MCOA: U.S. Trustee Appoints Suzanne Richards as PCO MARK D. BORNSTEIN: Commences Chapter 11 Bankruptcy in Florida MARQUIS STAR: Hires CBMN Advisors as Financial Advisors MATTR CORP: DBRS Confirms BB Issuer Rating, Trend Stable MCCALLSON TAX: Gets Final OK to Use Cash Collateral MCDERMOTT ENTERPRISES: Commences Chapter 11 Bankruptcy in Iowa MEADOWPOOL PROPERTIES: Hires Jones Lang LaSalle Midwest as Broker MEYER BURGER: Plan Exclusivity Period Extended to April 17 MI TIERRA LINDA: Unsecureds to Get 0% of Claims in Plan MICK'S GRASS: Hires Elias M. Yazbeck PLLC as Co-Counsel MJ COLLISION: Seeks Approval to Tap Holmquist CPA as Accountant MODIVCARE INC: Exits Chapter 11 with Strong Financial Position MORRIS STREET: Monique Almy Named Subchapter V Trustee MORRIS STREET: Seek to Employ Belmont Firm as Bankruptcy Counsel MOVE RITE: Seeks Chapter 7 Bankruptcy in Kentucky MULTI-COLOR CORP: Court Approves First-Day Motions MY CAR WASH: Hires Trustee Realty Inc. as Real Estate Broker NELSITO & MAR: Initiates Chapter 7 Bankruptcy in Florida NICKLAUS COMPANIES: Taps $50MM Offer from Iconix International NINE ENERGY: Court Okays DIP Financing, Sets March 4 Plan Hearing NOOR ESTHETIQUE: Hires Conway Law Group as Legal Counsel NOOR ESTHETIQUE: Hires Conway Law Group PC as Counsel NORCOLD LLC: Gets Court OK for Chapter 11 Insider Sale NORCOLD LLC: Refrigeration Products Biz Sale to Dave Carter OK'd OCEANWIDE PLAZA: Reaches Bankruptcy Exit Deal with Creditors OFF-LOAD MOVING: Hires Conway Law Group PC as Counsel OFF-LOAD MOVING: Seeks to Hire Conway Law Group as Legal Counsel OFFICE PROPERTIES: Seeks to Extend Plan Exclusivity to April 28 OLD FASHION: Hires Davidoff Hutcher & Citron LLP as Counsel OM SAI MED: Claims to be Paid from Property Sale Proceeds OROVILLE HOSPITAL: Hires Ordinary Course Professionals OUT ON A LIMB: Employs Olsen Taggart PLLC as Legal Counsel OUT ON A LIMB: Gary Rainsdon Named Subchapter V Trustee OUT ON A LIMB: Seeks Chapter 11 Bankruptcy in Idaho PALADIN CAPITAL: Seeks to Employ Sherrard Roe Voigt as Counsel PINT & BEAN: Gets Interim OK to Use Cash Collateral PRETIUM PACKAGING: Unsecureds be Paid in Full or be Reinstated PROSPECT MEDICAL: No Patient Care Concerns, 6th PCO Report Says R & S PROPERTY: Claims to be Paid from Rental Income RAYFORD SURGICAL: Case Summary & One Unsecured Creditor REDDEN-WOOD & ASSOCIATES: Gets Final OK to Use Cash Collateral ROBINSON FAMILY: Hires Joyce W. Lindauer Attorney as Counsel SAKS GLOBAL: Ends 'Saks on Amazon' Partnership SAN FRANCISCO CARE: Amends Unsecured Claims Pay Details SANTA PAULA: Hires Ten-X LLC as Online Real Estate Auctioneer SHAI CREATES: Unsecureds to Split $10,800 over 36 Months SHELLE REALTY: Seeks to Hire Ehrhard & Associates as Legal Counsel SHIELDS NURSING: No Resident Complaints, Ombudsman Report Says SIBUNA GROUP: Hires Giddens Mitchell & Associates as Counsel SOURCE MORTGAGE: James Bailey Named Subchapter V Trustee SOUTHEASTERN UNIVERSITY: S&P Affirms 'BB' Rating on 2023 Rev Bonds SPIRITRUST LUTHERAN: Concordia's $51MM Bid Gets Court OK in Ch. 11 SPOKANE INDUSTRIES: Gets OK to Use Cash Collateral, $2M DIP Loan STG LOGISTICS: Lenders Launch Suit Targeting Pre-Bankruptcy Deal STG LOGISTICS: Minority Creditors Challenge Chapter 11 Funding STOLI GROUP: US Arm, Kentucky Owl Start Wind-Down w/ Ch.11 Trustees SUIRAD GROUP: Proposes Immaterial Modifications to Plan SUMMIT ACCESS: Case Summary & Five Unsecured Creditors SUPERSTAR ELIZABETH: Atlantic Union Files Liquidating Plan TELLICO RENTALS: 1470 Cherohala Property Sale to C. Shearer OK'd TELLICO RENTALS: Tellico Plains Asset Sale to D. & J. DeWalt OK'd THRYV INC: Moody's Affirms 'B3' CFR, Outlook Remains Stable TLC OPERATIONS: Gets Interim OK to Use Cash Collateral TONOPAH SOLAR: Employs SSG Advisors as Investment Banker TONOPAH SOLAR: Hires Mr. Bogen of Development Specialist as CRO TONOPAH SOLAR: Hires Ordinary Course Professionals TONOPAH SOLAR: Seeks to Epiq Corporate as Administrative Advisor TONOPAH SOLAR: Seeks to Hire DLA Piper LLP (US) as Counsel TONOPAH SOLAR: Seeks to Hire Kelley Drye as Special Counsel TRANSATLANTIC BRIDGE: Hires Future Home as Real Estate Broker TRANSPORTING CARS: Scott Sackett Named Subchapter V Trustee TREE LANE: Unsecureds Will Get 2% to 16% of Claims in Plan TRICOLOR AUTO: Founders Gets OK to Use Insurance for Fraud Defense TRINITY AUTO: Seeks Sell Automobile Dealership Business at Auction TROUSDALE LIVING: Court OKs Bid to Appoint Examiner TWILIO INC: Moody's Upgrades CFR to Ba1, Outlook Stable UNRIVALED BRANDS: $32.5M Unsecured Claims to Get GUC Distribution VIA MIZNER: Seeks to Sell Boca Raton Property at Auction VIB TRANS: Unsecureds Will Get 9.55% of Claims over 5 Years VICTORY BUYER: S&P Rates New $590MM First-Lien Term Loan B 'B-' VILLA CHARDONNAY: Appointment of Leslie Gladstone as Trustee OK'd VILLAGE HOMES: Court OKs VHL Property Sale to Kalpit & Nikhil Patel WEITLUND CONSTRUCTION: Summerfield Property Sale to J. Drywall OK'd WELTY SERVICES: Amends Brazoria Property Sale to Coastal Cutters WILLIAM D. LEDFORD: Starts Chapter 11 Bankruptcy in Missouri WRIGHT SCAPES: Case Summary & 20 Largest Unsecured Creditors WSN CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors WYNN RESORTS: Fitch Affirms 'BB-' IDR, Outlook Stable [] Bankruptcy Expert Wonais Earns 5th Super Lawyers Rising Star [] Bankruptcy Improvement Act Awaits Presidential Approval ********* 120 SOUTH: To Sell Liberty Property to RM ROD Properties -------------------------------------------------------- 120 South Main Parking LLC and its affiliates, William G. Wendlandt, Laurent Tower LLC, 1309 Red River Development Company LLC, and 120 South Main Parking seek permission from the U.S. Bankruptcy Court for the Western District of Texas, Austin Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. On November 17, 2025, the Court entered an order employing Coldwell Banker to sell the Debtor and the affiliated Debtors’ real estate. On or about January 20, 2026, the Debtor, with First State Bank Louise's approval, entered into a contract for sale of the parking lot located at 302 S, Liberty, Victoria, Texas 77901 to RM ROD Properties, LLC for $250,000. Buyer has represented to the parties that it is ready to close. Buyer is not an insider. The Property is currently encumbered by real property taxes owed to Victoria County for 2025 property taxes in the amount of approximately $5235 with 2026 taxes to be prorated on the closing statement. Closing costs are projected to be approximately 6-7% including broker fees. The Debtor requests the Court authorize sale of the Property to the Buyer free and clear of all interests. About 120 South Main Parking LLC 120 South Main Parking LLC is a single-asset real estate debtor, as defined in 11 U.S.C. Section 101(51B). 120 South Main Parking LLCsought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-10671) on May 6, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liailities between $1 million and $10 million. Honorable Bankruptcy Judge Shad Robinson handles the case. The Debtors are represented by Ronald Smeberg, Esq. at THE SMEBERG LAW FIRM. 22 EAST C: Case Summary & Six Largest Unsecured Creditors --------------------------------------------------------- Debtor: 22 East C LLC d/b/a Tier Nightclub d/b/a Posh Nightclub d/b/a OHM Nightclub 20 E. Central Blvd. Orlando, FL 32801 Business Description: 22 East C LLC operates Tier, a long-established nightclub in downtown Orlando, Florida, offering a multi-level, 12,000-square-foot venue with VIP areas, multiple bars, and a large dance floor . The club hosts a mix of resident and guest DJs as well as live performances, providing a high-energy environment for dancing, socializing, and events. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00726 Debtor's Counsel: Jeffrey S. Ainsworth, Esq. BRANSON AINSWORTH PLLC 1501 E. Concord Street Orlando, FL 32803 Tel: 407-894-6834 E-mail: jeff@bransonlaw.com Total Assets: $583,406 Total Liabilities: $1,017,131 The petition was signed by Robert De Cosey as president. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/F5GYASQ/22_East_C_LLC__flmbke-26-00726__0001.0.pdf?mcid=tGE4TAMA 303 HIGHLINE: Unsecured Creditors Will Get 2% of Claims in Plan --------------------------------------------------------------- 303 Highline Corp., d/b/a Hudson Market, submitted a First Amended Disclosure Statement in connection with First Amended Plan of Reorganization for Small Business dated January 28, 2026. Following extensive discussions and negotiations, the Debtor and the Landlord have reached a resolution in principal concerning any outstanding obligations under the Premises Lease and the terms of the Debtor's assumption of the Premises Lease. In furtherance thereof, the Debtor and the Landlord are in the process of negotiating a mutually agreeable stipulation (the "Lease Assumption Stipulation") providing for, among other things, the Debtor's assumption of the Premises Lease upon the Debtor's payment of a total of $99,733.89 (which amount encompasses, among other things, any indebtedness asserted by the Landlord by way of its filed prepetition proof of claim (Claim No. 4) and $74,351.26 required to be paid by the Debtor under the Lease terms in order to bring the amount of the security deposit with the Landlord up to the required amount of $200,000), or such other amount as may be required to cure all pre and/or post-Petition Date defaults under the Premises Lease upon assumption of the Premises Lease (the "Cure Amount"), to the Landlord (either in full on the Effective Date of the Plan or over time as may be agreed upon under the Lease Assumption Stipulation). The effectiveness of the Lease Assumption Stipulation will be conditioned on the entry of an Order confirming the Plan or otherwise approving the terms of the Lease Assumption Stipulation. The terms of the Lease Assumption Stipulation, once finalized, will be attached to the Plan, and the terms of which will be incorporated in the Plan by reference. The Debtor intends to file the Lease Assumption Stipulation in advance of the hearing on Confirmation of the Plan. Class 2 consists of Allowed General Unsecured Claims against the Debtor which consist of all Claims against the Debtor other than Statutory Fees, Administrative Claims, Priority Tax Claims or Secured Claims. Under the Plan, subject to the provisions of the Plan with respect to Disputed Claims, the Debtor will make a first and final Pro Rata Distribution of Cash to each holder of an Allowed Class 2 General Unsecured Claim in an amount equal to 2% of its Allowed Claim, on the Effective Date in full satisfaction of such Claim. Class 2 General Unsecured Claims are impaired under the Plan and, thus, the holders of such Claims are entitled to vote as to the acceptance or rejection of the Plan. The allowed unsecured claims total $2,121,393.02. Class 3 consists of the Interests of Hyeon "Jeff" Jin Kim which are not affected by the terms of the Plan, i.e., following Confirmation of the Plan, Mr. Kim will retain his equity Interests in the Debtor and the Reorganized Debtor. His Interests being unimpaired under the Plan, Mr. Kim is not entitled to vote on the Plan on account thereof. The Effective Date shall be the date that the Confirmation Order becomes a Final Order. The Distributions contemplated to be made under the Plan on the Effective Date shall be funded from the Debtor's Cash on hand as of the Effective Date and the Plan Cash Contribution (i.e., a non-recourse contribution by Hyeon "Jeff" Jin Kim expected to total not less than $300,000.00). Any post Effective Date payments or Distributions provided for under the Plan shall be made from the Reorganized Debtor's future business revenues. The Distributions that are to be made on the Effective Date under this Plan shall be funded from the Debtor's Cash on hand as of the Effective Date and the Plan Cash Contribution. Counsel to the Debtor, Pick & Zabicki LLP, will serve as "Disbursing Agent" with respect to the Effective Date Distributions. Available Cash, in an amount sufficient to fully fund the Effective Date Distributions, shall be in escrow with the Disbursing Agent on the Effective Date. All post-Effective Date payments or Distributions called for under this Plan shall be made from the Reorganized Debtor's future business revenues. The Reorganized Debtor shall be responsible for making any and all post-Confirmation payments that may be called for under the Plan. As of the Effective Date, and in accordance with the provisions and requirements of Sections 365 and 1123 of the Bankruptcy Code, the Debtor shall be deemed to have assumed: (a) the Premises Lease pursuant to the terms of the Lease Assumption Stipulation; (b) a certain month-to-month lease/bailment agreement with Coffee Associates Inc. regarding certain coffee equipment; and (c) a certain month-to-month lease/bailment agreement with Pepsi Cola Bottling Co. of NY, Inc. regarding certain beverage coolers. A full-text copy of the First Amended Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=DkkFnk from PacerMonitor.com at no charge. Counsel to the Debtor: Douglas J. Pick, Esq. Pick & Zabicki LLP 369 Lexington Avenue, 12th Floor New York, NY 10017 Telephone: (212) 695-6000 Email: dpick@picklaw.net About 303 Highline 303 Highline Corp., doing business as Hudson Market, owns a grocery store in New York. 303 Highline sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-11409) on August 15, 2024, with $207,164 in assets and $2,161,207 in liabilities. Hyeon Jin Kim, president, signed the petition. Douglas Pick, Esq., at Pick & Zabicki, LLP represents the Debtor as legal counsel. 3103 TEN: Employs Belmont Firm as Bankruptcy Counsel ---------------------------------------------------- 3103 Ten, LLC and Morris St. Development, LLC seek approval from the U.S. Bankruptcy Court for the District of Columbia to hire Maurice B. VerStandig, Esq., Christianna A. Cathcart, Esq., and The VerStandig Law Firm, LLC d/b/a The Belmont Firm to serve as bankruptcy counsel. The professionals will provide these services: (a) prepare and file all necessary pleadings, motions, and other court papers, on behalf of the Debtors; (b) negotiate with creditors, equity holders, and other interested parties; (c) represent the Debtors in any adversary proceedings, contested matters, and other proceedings; (d) prepare one or more Chapter 11 plans on behalf of the Debtors; and (e) tend to such other and further matters as are necessary and appropriate in the prism of these cases. The Belmont Firm has agreed to represent the Debtors at the rate of $600 per hour for partner time, $300 per hour for associate time, and $100 per hour for paralegal time. Maurice B. VerStandig, Esq., Christianna A. Cathcart, Esq., and The VerStandig Law Firm, LLC d/b/a The Belmont Firm are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Maurice B. VerStandig, Esq. Christianna A. Cathcart, Esq. THE BELMONT FIRM 1050 Connecticut Avenue, NW, Suite 500 Washington, DC 20036 Telephone: (202) 991-1101 (202) 655-2066 E-mail: mac@dcbankruptcy.com christianna@dcbankruptcy.com About 3103 Ten, LLC 3103 Ten, LLC is a single-purpose real estate holding company that owns and manages real property at 3103 Tennyson Street NW in Washington, DC, and does not operate an active business or employ staff. The Company retains statutory rights related to the property, including redemption rights, which it continues to evaluate. 3103 Ten, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00038) on January 28, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by Christianna Annette Cathcart, Esq. of The Belmont Firm. 3103 TEN: Monique Almy Named Subchapter V Trustee ------------------------------------------------- Matthew Cheney, the Acting U.S. Trustee for Region 4, appointed Monique Almy, Esq., as Subchapter V trustee for 3103 Ten, LLC. Ms. Almy, a partner at Crowell & Moring, LLP, will be paid an hourly fee of $800 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Almy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Monique D. Almy, Esq. Crowell & Moring, LLP 1001 Pennsylvania Avenue, NW Washington, DC 20004 Phone: (202) 624-2935 malmy@crowell.com About 3103 Ten LLC 3103 Ten, LLC is a single-purpose real estate holding company that owns and manages real property at 3103 Tennyson Street NW in Washington, DC, and does not operate an active business or employ staff. It retains statutory rights related to the property, including redemption rights, which it continues to evaluate. 3103 Ten filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.C. Case No. 26-00038) on January 28, 2026, listing between $1 million and $10 million in assets and liabilities. Judge Elizabeth L. Gunn presides over the case. Christianna Annette Cathcart, Esq., at The Belmont Firm represents the Debtor as legal counsel. 57 CONCRETE: Employs Abrams Fensterman as Special Counsel --------------------------------------------------------- 57 Concrete LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Abrams Fensterman, LLP to serve as special counsel. The firm will provide these services: (a) represent the Debtor solely in connection with the adversary proceeding OrcaFunding v. 57 Concrete LLC, Eliud R. Cavazos, Jesus Cepeda, and Pedro Cepeda, Index No. E2025027849, that was removed to the United States Bankruptcy Court for the Western District of New York; (b) act as local counsel in the said litigation; and (c) file documents in the removed adversary proceeding, as requested by the Debtor or its general bankruptcy counsel. The firm's hourly rates are: Maureen M. Bass $450 Associates $325 Paraprofessionals $175 Abrams Fensterman, LLP does not hold or represent any interest adverse to the Debtor or the estate with respect to the litigation, according to court filings. The firm can be reached at: Maureen T. Bass, Esq. ABRAMS FENSTERMAN, LLP 2280 East Avenue, 1st Floor Rochester, NY 14610 E-mail: mbass@abramslaw.com About 57 Concrete LLC 57 Concrete LLC is a Texas-based concrete contracting company that provides concrete construction services for residential, commercial, and infrastructure projects. The company's operations typically include concrete pouring, finishing, and related site work for building and development projects across the region. 57 Concrete sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90818) on December 19, 2025. In its petition, the Debtor reported assets ranging from $10 million to $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher M. Lopez presides over the case. The Debtor is represented by Charles Michael Rubio, Esq., and Lenard M. Parkins, Esq., at Parkins & Rubio, LLP. 6363 WEST 73RD: Case Summary & One Unsecured Creditor ----------------------------------------------------- Debtor: 6363 West 73rd Street, LLC 6363 West 73Rd Street Bedford Park, IL 60638 Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-02031 Judge: Hon. Timothy A Barnes Debtor's Counsel: Ben Schneider, Esq. THE LAW OFFICES OF SCHNEIDER AND STONE 8424 Skokie Blvd Suite 200 Skokie, IL 60077 Tel: (847) 933-0300 E-mail: ben@windycitylawgroup.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Viktor Kotsyulym as managing member. The Debtor listed the Cook County Treasurer, located at 118 North Clark Street, Room 112, Chicago, IL 60602, as its only unsecured creditor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/G7NR7PI/6363_West_73rd_Street_LLC__ilnbke-26-02031__0001.0.pdf?mcid=tGE4TAMA 805 MAIN: To Sell Cambridge Property to Ramakumar V. Rayasam ------------------------------------------------------------ 805 Main Street LLC seeks permission from the U.S. Bankruptcy Court for the District of Massachusetts, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Massachusetts limited liability company formed on February 18, 2019. The Debtor conducts business in Cambridge, Massachusetts where it owns real property. The Debtor pursued a multi-year plan to assemble several properties on a single block in Cambridge, Massachusetts for a planned mixed-use development. The Debtor acquired 795–805 Main Street, a retail building with two restaurant tenants and a billboard, and later acquired 781–783 Main Street, which contains two retail spaces. The Debtor seeks authority to sell its right, title, and interest in and to that certain parcel of land, with any and all buildings and improvements existing thereon, located in Cambridge, Massachusetts, commonly known and numbered as 781-783 Main Street, Cambridge, MA 02139 (Property), together with the appurtenant interests described in the purchase and sale agreement. The Debtor has entered into a Purchase and Sale Agreement dated January 26, 2026 with Ramakumar V. Rayasam for the sale of the Property. The purchase price is $1,900,000.00 in cash. The Debtor believes the Proposed Sale represents fair and reasonable value for the Property. The Proposed Sale will maximize value for the estate and is in the best interests of the Debtor, its creditors, and all parties in interest. The Debtor seeks authorization to sell the Property free and clear of all liens, claims, encumbrances and other interests. The lienholders of the Property are First Boston Construction Holdings, LLC and Quantum Real Estate Ventures, LLC. The Debtor submits that the Purchaser is a good faith purchaser. About 805 Main Street LLC 805 Main Street LLC is a limited liability company. 805 Main Street LLC filed for Chapter 11 relief on November 19, 2025, under Case No. 25-12511 in the District of Massachusetts. The filing shows estimated assets of $1 million to $10 million and estimated liabilities within the same range. Honorable Judge Christopher J. Panos oversees the case. The Debtor is represented by Peter N. Tamposi, Esq. of The Tamposi Law Group. 960 MANAGEMENT: Sylvia Mayer Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 7 appointed Sylvia Mayer as Subchapter V trustee for 960 Management Investments, LLC. Ms. Mayer will be paid an hourly fee of $450 for her services as Subchapter V trustee, plus $195 per hour for a paralegal 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: Sylvia Mayer S. MAYER LAW PLLC P.O. Box 6542 Houston, TX 77265 Telephone: (713) 893-0339 Facsimile: (713) 661-3738 Email: smayer@smayerlaw.com About 960 Management Investments LLC 960 Management Investments, LLC owns four residential properties located at 911, 913, 915, and 917 Thompson Street in Houston, Texas, with a combined appraised value of approximately $3.53 million. 960 Management Investments filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30503) on January 27, 2026, with $3,525,000 in assets and $2,643,750 in liabilities. The petition was signed by Michael Gadagbul, authorized representative of Grace and Son Group LLC, the Debtor's sole managing member. Judge Eduardo V. Rodriguez presides over the case. Elias Yazbeck, Esq., at The Law Office of Elias M. Yazbeck, PLLC represents the Debtor as bankruptcy counsel. AAM EQUIPMENT: Case Summary & 16 Unsecured Creditors ---------------------------------------------------- Debtor: AAM Equipment, LLC 1510 Lafayette Hwy Roanoke, AL 36274 Business Description: AAM Equipment, LLC provides rental and leasing services for commercial and industrial machinery and equipment, offering products such as boom lifts, bulldozers, concrete tools, excavators, forklifts, scissor lifts, skid steers, telehandlers, trenchers, tractors, towable equipment, tools, and utility terrain vehicles. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Middle District of Alabama Case No.: 26-80129 Judge: Hon. Christopher L Hawkins Debtor's Counsel: Stuart Memory, Esq. MEMORY MEMORY AND CAUSBY LLP 469 S. McDonough Street Montgomery, AL 36104 Tel: (334) 834-8000 E-mail: smemory@memorylegal.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Aaron Moody as owner. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7ZNVA7I/AAM_Equipment_LLC__almbke-26-80129__0001.0.pdf?mcid=tGE4TAMA ADDIAN INC: Claims to be Paid from Total Liquidation Value ---------------------------------------------------------- Addian, Inc., filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Subchapter V Plan dated January 27, 2026. The Debtor is a Wisconsin corporation which was formed in 1996 and registered in Georgia in 1999. Debtor is owned by Thomas Wolworth who is the sole shareholder and serves as President of the Debtor. The Debtor's business model is to provide fulfillment and logistics services for business-to-business and business to consumer customers. Currently, the Debtor filed this case in anticipation of building up its direct-mail marketing business customer base. To date, these efforts have not generated material success. Pre-petition, the Debtor has been engaged in defending against a contract-dispute case styled as Two Canoes LLC v. Aobvious Studio LLC, et al., Case No. 2:21-cv-19729-SDW-JRA in the United States District Court of the District of New Jersey. As of August 22, 2025, this litigation is under appeal with the United States Court of Appeals for the Third Circuit (Appeal Case No. 25- 2633) (the "Two Canoes Action"). Two Canoes subsequently pursued a garnishment action against the Debtor with the State Court of Fulton County, Georgia. The garnishment resulted in Bank of America remitting all funds in Debtor's bank accounts to the registry of the court on or about October 27, 2025. This bankruptcy case was initiated following this garnishment action. Post-petition, the garnishment funds were released and Debtor holds such funds in its DIP account. This Plan deals with all property of Debtor and provides for treatment of all Claims against Debtor and its property. Class 4 consists of General Unsecured Claims. The Debtor will pay the Holders of Class 4 General Unsecured Claims in accordance with the Plan Payment Procedures set forth in Article 4.6 of the Plan. The allowed unsecured claims total $1,579,824.35. The Class 4 General Unsecured Claims are Impaired by the Plan and the holders of the Class 4 General Unsecured Claims are entitled to vote to accept or reject the Plan. Notwithstanding anything else in this Plan to the contrary, any Class 4 General Unsecured Claim shall be reduced by any payment received by the creditor holding such claim from any third party, collateral, or other obligor and Debtors' obligations hereunder shall be reduced accordingly. Nothing herein shall constitute an admission as to the nature, validity, or amount of such claim. Debtors reserves the right to object to or seek to subordinate any and all claims. Class 5 consists of the Interest Claims (i.e., claim of Debtor's sole owner based upon ownership of Debtor). Thomas Wolworth shall retain his 100% interest in the Debtor. The source of funds for the payments pursuant to the Plan is the Total Liquidated Value (i.e. $270,242.53) (see Section 1.3 "Liquidation Analysis") paid as follows: (i) on the 28th day following the Effective Date the Debtor shall make payments to the secured and priority tax claims of Classes 1-3 (if applicable); (ii) any claims of Administrative Creditors shall be paid on the earlier of (a) the 28th day of the first full month following the Effective Date and (b) the date of an order allowing such claim; and (iii) on the date 30 days after the entry of the Two Canoes Judgment (or the next Business Day if the actual 30th day is not a Business Day) the Debtor shall pay all remaining funds pro rata to Class 4 (General Unsecured Claims). The Debtor may also pay any post confirmation costs and expenses, as may approved by the Court, prior to payment of Class 4 Claims. In order to avoid any doubt, Two Canoes, LLC must have a final judgment ruling in its favor and against the Debtor for a final judgment amount in order for Two Canoes to receive any payment under this Plan. The Debtor shall pay the Administrative and General Unsecured Creditors Payment in satisfaction of its obligations to (i) Administrative Expense Claims and (ii) Class 4 General Unsecured Creditors. Upon confirmation, Debtor will be charged with administration of the Case. Debtor will be authorized and empowered to take such actions as are required to effectuate the Plan. Debtor will file all post-confirmation reports required by the United States Trustee's office. Debtor will also file the necessary final reports and may apply for a final decree after substantial consummation at such time as Debtor deems appropriate unless otherwise required by the Bankruptcy Court. The source of funds for the payments pursuant to the Plan is the Total Liquidation Value. A full-text copy of the Subchapter V Plan dated January 27, 2026 is available at https://urlcurt.com/u?l=MjRrEG from PacerMonitor.com at no charge. Counsel to the Debtor: Adam E. Ekbom, Esq. Jones & Walden LLC 699 Piedmont Avenue, NE Atlanta, GA 30308 Tel: (404) 564-9300 About Addian Inc. Addian, Inc., imports and distributes products including personal protective equipment, to intermediaries and other clients, handling logistics and order fulfillment primarily in the United States. The company engages with upstream suppliers and provides distribution services through intermediaries and its internal operations. It conducts business under the name Media Fulfillment and is based in Powder Springs, Ga. Addian sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-62506) on Oct. 29, 2025, with up to $50,000 in assets and between $1 million and $10 million in liabilities. Adam E. Ekbom, at Jones & Walden, LLC, is the Debtor's legal counsel. ADVANCED DRAINAGE: S&P Alters Outlook to Pos., Affirms 'BB' ICR --------------------------------------------------------------- S&P Global Ratings revised its outlook on Hillard, Ohio-based Advanced Drainage Systems Inc. (ADS) to positive from stable, and S&P affirmed the 'BB' issuer credit rating. S&P said, "At the same time, we assigned a 'BBB-' issue-level rating to the company's proposed first-lien term loan due 2033 and a '1' recovery rating indicates our expectation for very high (90%-100%; rounded estimate: 95%) recovery in the event of a payment default. "The positive outlook reflects the possibility of an upgrade over the next 12 months if we believe the company will maintain S&P Global Ratings-adjusted debt leverage below 3x in most market conditions, inclusive of acquisitions." The proposed transaction will improve ADS's maturity profile and liquidity. The company is proposing to issue a $600 million term loan B due 2033, which will replace its $700 million term loan B ($410 million outstanding) due 2026. The company also recently refinanced its revolving credit facility, increasing its size to $750 million from $600 million and extending its maturity to 2031 from 2027. The refinancing extends the company's weighted-average maturity out beyond six years from about four years and increases its liquidity. S&P said, "We expect ADS to maintain debt leverage below 2x over the next 12 months. ADS acquired NDS for about $1 billion. Pro forma for the acquisition, we expect debt leverage to increase but remain below 2x given ADS's low leverage, with trailing-12-month debt to EBITDA of 0.7x as of Sept. 30, 2025. The acquisition is in line with the company's growth strategy and closed on Feb. 2, 2026, which is ADS's fiscal fourth quarter (fiscal year-end March 2026). The company has maintained lower-than-expected leverage over the past several years and has publicly stated guidance of 1x-2x. "In fiscal 2027 (year-ended March 2027), we expect ADS to benefit from a full year of earnings from the acquisition. We've incorporated flat organic revenue growth and stable EBITDA margins into our forecast. We also expect the company's capital spending to be $200 million-$230 million and have incorporated $100 million in share repurchases and $60 million-$65 million in dividends. Despite these assumptions, we project debt leverage to remain below 2x." ADS has expanded significantly over the past few years. Its competitive position is based on its increased earnings base as a leading provider in niche markets and its above-average margins, but these don't fully offset its exposure to cyclical end markets. Pro forma for the acquisition, its revenue will increase to about $3 billion from $1.7 billion in 2020, and over the same period, its EBITDA grew to $950 million from $321 million. The company is a leading provider in the niche thermoplastic corrugated pipes and related water management industry. In addition, its onsite wastewater and storm water business (Infiltrator) has positioned it as a leader in the on-site septic market. The acquisition of NDS adds complementary products in the water capture segment and slightly increases the company's exposure to residential end markets. Our assessment of the company's competitive position also reflects its exposure to narrow, fragmented, and cyclical construction markets focused on site development and wastewater management, with approximately 60% of its sales tied to piping. The remainder of ADS's sales are concentrated in complementary products--such as water management systems, drainage solutions, and septic systems--which provide some diversity. However, its end markets and general growth drivers are closely tied. The company is also highly exposed to cyclical construction markets given that it derives about 81% of its sales from the nonresidential (41%) and residential markets (40%). The positive outlook reflects the possibility of an upgrade over the next 12 months if S&P believes the company will maintain S&P Global Ratings-adjusted debt leverage below 3x in most market conditions, inclusive of acquisitions. S&P could revise the outlook on ADS back to stable over the next 12 months if it anticipates debt leverage will be sustained above 3x. This could occur if: -- The company experiences challenges integrating the NDS acquisition and macroeconomic conditions weaken, reducing demand for its products, and the company is unable to pass-through raw material cost increases to its customers; or -- Although unlikely, the company pursues a large debt-financed acquisition with few prospects for rapid deleveraging or uses additional debt fund share repurchases and dividends. S&P could raise its rating on ADS over the next 12 months if the company is successful in integrating the NDS acquisition such that debt leverage remains below 2x and we believe the company will maintain debt to EBITDA below 3x in most market conditions. AFFORDABLE CARE: Taps AlixPartners for Restructuring Advice ----------------------------------------------------------- Jodi Xu Klein of The Wall Street Journal reports that Affordable Care LLC has hired AlixPartners for restructuring guidance as it confronts mounting debt pressures, according to people familiar with the matter. The company ranks among the largest dental-service organizations operating in the United States. The financial strain traces back to a 2021 leveraged buyout by Harvest Partners that valued the business at approximately $2.7 billion. Sources said the transaction saddled the company with significant floating-rate debt that has become increasingly expensive to service as interest rates climbed. At the time of the buyout, Affordable Care was recovering from the effects of the Covid-19 pandemic. Patient traffic had begun to rebound, and federal relief funding helped stabilize liquidity, but those gains were later overshadowed by rising capital costs, the report states. North Carolina-based Affordable Care supports dental practices across roughly 40 states by handling nonclinical functions such as billing, procurement, and marketing. Its concentration on tooth-replacement services mitigates insurance reimbursement risk, though the business remains exposed to fluctuations in consumer spending during periods of economic uncertainty, according to report. About Affordable Care LLC Affordable Care LLC is a privately held dental support organization founded in 1975 and headquartered in Morrisville, North Carolina that helps dental practices manage back-office functions. The company’s focus is on tooth replacement services, delivering administrative, marketing, and operational support so dentists can prioritize clinical services. ALEXANDER PLASTICS: Court OKs Acrylic Pieces Sale to Highest Offer ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has permitted Alexander Plastics, Inc., d/b/a Creations Global, to sell Property, free and clear of liens, claims, interest, and encumbrances. The Materials consist of various acrylic sheets and pieces. A complete list of the multiple pieces, sheets, and measurements of the Materials is attached as Exhibit B at https://urlcurt.com/u?l=3LeyqU The Equipment consists of various models. A complete list of the equipment is attached as Exhibit C: https://urlcurt.com/u?l=XASqQ0 The Court has authorized the Debtor to sell the Materials for $3,500 or best offer. The Debtor is further authorized to sell the Equipment for the highest and best offer. All sales shall be free and clear of all liens, claims, encumbrances, and interests. The Debtor is authorized to consummate the sale pursuant to the agreement with the purchaser and to execute all documents necessary to effectuate the sale. About Alexander Plastics Alexander Plastics, Inc., doing business as, Creations Global, manufactures and distributes plastic products and kiosk systems from its facility in Garland, Texas. The Company offers engineered interior systems, mobile fabrication services, and VMS hybrid kiosks for retail and commercial clients. It provides design, prototyping, and engineering support tailored to custom specifications, and also supplies wholesale plastic components to various industries through direct and contract channels. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-33013) on August 6, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Ben Goldfarb, chairman, signed the petition. Frances A. Smith, Esq., at Ross & Smith, P.C., is the Debtor's legal counsel. ALL SECURE: Seeks to Extend Plan Exclusivity to February 20 ----------------------------------------------------------- All Secure, LLC asked the U.S. Bankruptcy Court for the Western District of Tennessee to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 20 and April 1, 2026, respectively. The Debtor explains that based on a weighing of the relevant factors, there is more than sufficient cause to approve the extension of the Exclusive Periods requested by the Debtor: * Counsel for the Debtor has been ill during the month of January 2026 when the chapter 11 was to be filed. Shortly thereafter the area has suffered inclement weather which has hampered counsel's coordination with the Debtor and persons necessary to effectuate the filing of the plan and solicitation of acceptances. * The Debtor, is in need of additional time to communicate with its insurers to gather and share information regard settlement of litigation. In addition, all potential claimants cannot be identified until further information is gathered. * Since filing this Chapter 11 Case, the Debtor believes that it has continued to pay substantially all of its undisputed, post petition expenses and invoices in the ordinary course of business or as otherwise provided by order of the Court. * The requested extension of the Exclusive Periods is the first such request made in this Chapter 11 Case and is approximately 92 days after the Petition Date. This amount of time is not long given the complexity of the issues involved. * The Debtor is not seeking an extension of the Exclusive Periods to pressure or prejudice any of its stakeholders. Rather, the Debtor is seeking an extension of the Exclusive Periods to preserve and build upon the progress made to date by securing adequate time to develop a plan of reorganization. The Debtor's efforts towards reaching a global settlement with its insurers and claimants will benefit, not prejudice, its creditors. All Secure, LLC is represented by: Curtis D. Johnson, Jr., Esq. Johnson & Johnson, P.C. Suite 1002, 1407 Union Avenue Memphis, TN 38104 Phone: (901) 725-7520 About All Secure LLC All Secure, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 25-25349) on Oct. 19, 2025, with up to $50,000 in assets and liabilities. Judge M Ruthie Hagan presides over the case. Curtis D. Johnson, Jr., at the Law Office of Johnson and Brown, P.C., represents the Debtor as bankruptcy counsel. ALLSTAR PROPERTIES: Affiliate to Sell 3750 Rome Estate to Stinson's ------------------------------------------------------------------- Allstar Properties LLC and its affiliate, ACH Rental Properties, LLC, seek permission from the U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. ACH is a Georgia limited liability company. ACH owns certain residential properties that it rents to individual tenants throughout the northwest corner of the State of Georgia, in Floyd, Haralson and/or Polk Counties. Where applicable, the Debtor collects rent on the Residential Properties. On October 29, 2025, ACH, along with its affiliates, Allstar Properties, LLC and Allstar Properties I, LLC employ Toles, Temple & Wright, Inc. (TTW) as broker to market the real property located at 202 N. Marble Street, Rockmart, GA, and related to other undisclosed parcels of real property. On December 12, 2025, the Debtor's counsel provided notice to the United States Trustee and counsel for AgSouth Farm Credit ACA, among others, that it intended to employ TTW related to the marketing and sale of 3750 Rome Hwy, Aragon, Georgia, as well as certain other properties. TTW proceeded to market the Property, and on February 4, 2026,ACH, as the seller, TTW, as the broker for the ACH, and Andrew T. Stinson and Emily Gore Stinson, as the purchasers, entered into that certain Purchase and Sale Agreement wherein Buyer agreed to purchase the Property for $295,000. The Property secures an approximate $2,200,000 debt to AgSouth. Pursuant to the Sale Agreement, and as set forth in the Application and subsequent order, TTW is to receive a 5% commission on the gross sale amount of the Property, to be paid at closing. In this case, and should the Court approve the sale, the commission due to TTW will be $14,750. The net sale proceeds from the Property hall be used to paydown the amounts owed to AgSouth related to the Lien, except to the extent that ACH requests to retain $50,000 to fund operations in 2026, hopefully, through confirmation of a Chapter 11 plan. The Debtor submits that the sale to Buyer, which is an arms-length transaction between unrelated parties, is reasonable and appropriate, and designed to insure fairness. About Allstar Properties LLC Allstar Properties, LLC and affiliates are Georgia-based real estate companies that hold and manage property assets. The Allstar entities focus on property ownership, while ACH Rental Properties provides property management and rental services. Collectively, they operate within the real estate sector across residential and nonresidential properties in the state. Allstar Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41314) on August 31, 2025. In its petition, the Debtor reported estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Barbara Ellis-Monro handles the case. Anna Mari Humnicky, Esq., at Small Herrin, LLP is the Debtor's legal counsel ALLSTAR PROPERTIES: To Sell Marble Street Property to Remi Martel ----------------------------------------------------------------- Allstar Properties LLC and its affiliate, Allstar Properties I, LLC (ASPI), seek permission from the U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. ASPI is Georgia limited liability company. ASPI owns certain commercial properties that it rents to business tenants throughout the northwest corner of the State of Georgia, in Floyd, Haralson and/or Polk Counties. Where applicable, ASPI collects rent on the Commercial Properties. ASPI has stated an intention to sell its real property holdings in order to pay its debts including prior to the filing of a Chapter 11 plan. On October 29, 2025, ACH, along with its affiliates, Allstar Properties, LLC (ASP) and ACH Rental Properties, LLC (ACH), filed the Application and Agreement Authorizing the Employment of Toles, Temple & Wright, Inc. (TTW), as Broker for Debtors to Sell Real Estate in the State of Georgia wherein it sought authorization to retain TWW as it related to a parcel of real property located at 202 N. Marble Street, Rockmart, GA, and related to other undisclosed parcels of real property. TTW proceeded to market the Property, and on February 5, 2026, ASPI, as the seller, TTW, as the broker for ASPI, and Remi Martel of Martel TCS, Inc., as the purchaser, entered into that certain Commercial Purchase and Sale Agreement wherein Buyer agreed to purchase the Property for $230,000.00. The Purchase Price was the result of marketing campaign by TTW. TTW and ASPI assert that the Purchase Price is the fair market value of the Property and the highest and best price attainable by ASPI. The Property secures an approximate $170,000 debt to Greater Community Bank now known as LGE Community Credit Union. Pursuant to the Sale Agreement, and as set forth in the Application and subsequent order, TTW is to receive a 5% commission on the gross sale amount of the Property, to be paid at closing. In this case, and should the Court approve the sale, the commission due to TTW will be $11,500. The net sale proceeds from the Property shall be used to payoff the amounts owed to LGE related to the Lien, with the balance of the funds to be paid to ASPI, due to the fact that the funds are not subject to any other creditor lien of record. ASPI believes that the 202 Proceeds constitute fair market value for the Property and will maximize value to the Estate. About Allstar Properties LLC Allstar Properties, LLC and affiliates are Georgia-based real estate companies that hold and manage property assets. The Allstar entities focus on property ownership, while ACH Rental Properties provides property management and rental services. Collectively, they operate within the real estate sector across residential and on residential properties in the state. Allstar Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41314) on August 31, 2025. In its petition, the Debtor reported estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Barbara Ellis-Monro handles the case. Anna Mari Humnicky, Esq., at Small Herrin, LLP is the Debtor's legal Counsel ALVARADO INVESTMENT: Voluntary Chapter 11 Case Summary ------------------------------------------------------ Debtor: Alvarado Investment Properties, LLC 103 E 118th Pl. # 4 Los Angeles, CA 90061 Business Description: Alvarado Investment Properties, LLC owns and manages residential and investment properties in Santa Ana and Los Angeles, California, with combined comparable sale value exceeding $3 million, operating in the Southern California real estate investment sector. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11030 Judge: Hon. Sheri Bluebond Debtor's Counsel: Onyinye N Anyama, Esq. ANYAMA LAW FIRM, APC 18000 Studebaker Rd., Suite 325 Cerritos, CA 90703 Tel: (562) 645-4500 E-mail: info@anyamalaw.com Total Assets: $3,017,500 Total Liabilities: $1,910,337 The petition was signed by Melissa Regina Alvarado as managing member. The Debtor has confirmed in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UP6JJRI/Alvarado_Investment_Properties__cacbke-26-11030__0001.0.pdf?mcid=tGE4TAMA AMERICAN BULK: Case Summary & Eight Unsecured Creditors ------------------------------------------------------- Debtor: American Bulk Pipe & Steel, LLC 607 Oyster Shell CT Missouri City TX 77459 Business Description: American Bulk Pipe & Steel, LLC supplies steel pipe, tubing, and related steel products and operates in the metals and steel pipe distribution industry. The Company is based in Missouri City, Texas, and focuses on the sourcing and supply of steel pipe materials for commercial and industrial applications. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-30678 Debtor's Counsel: Vikesh Patel, Esq. KEARNEY, MCWILLIAMS & DAVIS, PLLC 55 Waugh #150 Houston TX 77007 Tel: 832-916-2750 E-mail: vpatel@kmd.law Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Dale Kolb as managing member. A full-text copy of the petition, which includes a list of the Debtor's eight unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LG47CZQ/AMERICAN_BULK_PIPE__STEEL_LLC__txsbke-26-30678__0001.0.pdf?mcid=tGE4TAMA AMERICAN SIGNATURE: Wins Court Approval for Chapter 11 Sale ----------------------------------------------------------- Jeff Montgomery of Law360 reports that American Signature Furniture received bankruptcy court authorization Wednesday night to finalize a nearly $159 million sale to its senior lenders, entities tied to the Schottenstein family. The approval follows a Chapter 11 auction in which the lender group stood as the only qualified bidder. The Delaware bankruptcy court determined that the transaction represented the highest and best offer for the furniture retailer's assets, clearing the way for the sale to close. The outcome advances the company's restructuring by transferring ownership to its creditor group after the absence of rival bids, 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. ANDERSON HAY: Committee Hires Dundon as Financial Advisor --------------------------------------------------------- The official committee of unsecured creditors of Anderson Hay Enterprise, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Washington to employ Dundon Advisers LLC as financial advisor. The firm will provide these services: a. assist in the analysis, review, and monitoring of the restructuring process, including, but not limited to, an assessment of the potential recoveries for unsecured creditors; b. analyze the proposed use of cash collateral from the perspective of adequacy of liquidity and proper inclusion and exclusion of assets of the Debtor as collateral therefore; c. support and augment the Debtor's sale process, as appropriate and without duplication of material efforts of the Debtor's adviser in the performance of its duties as set forth in its retention application; d. develop a sufficient understanding of the Debtor's businesses and operations optimization to support the Committee superintendence of the sales process and preparation for any contingencies; e. assist the Committee in identifying, valuing, and pursuing estate causes of action, including, but not limited to, relating to pre-petition transactions, control person liability, and lender liability and potential fraudulent transfers; f. assist the Committee to address claims against the Debtor and to identify, preserve, value, and monetize tax assets of the Debtor; g. advise the Committee in negotiations with the Debtor and third parties; h. assist the Committee in reviewing the Debtor's financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, cash budgets, and monthly operating reports; i. review and provide analysis of any proposed disclosure statement and Chapter 11 plan and if appropriate, assist the Committee in developing an alternative Chapter 11 Plan; j. attend meetings and assist in discussions with the Committee, the Debtor, the secured lenders, the U.S. Trustee, and other parties in interest and professionals; k. present at meetings of the Committee, as well as meetings with other key stakeholders and parties; l. perform such other advisory services for the Committee as may be necessary or proper in these proceedings, subject to the aforementioned scope; and m. provide testimony on behalf of the Committee as and when may be deemed appropriate. The firm will be paid $350 to $1,090 per hour, and which shall be capped at a blended rate of $650 per recorded hour of all professionals. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. 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 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. ANGEL'S PARADISE: Seeks to Hire Falcone Law Firm as Attorney ------------------------------------------------------------ Angel's Paradise Higher Learning Academy Inc seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire The Falcone Law Firm, P.C. to serve as its attorney. The Falcone Law Firm, P.C. will provide these services: (a) advise, assist, and represent the Debtor with respect to the Debtor's rights, powers, duties, and obligations in the administration of this case; (b) advise, assist and represent the Debtor in connection with analysis of the assets, liabilities and financial condition of the Debtor and other matters relating to the business of the Debtor; (c) advise, assist, and represent the Debtor in connection with negotiations with parties in interest concerning a plan, formulation, preparation, and presentation of a plan, matters relating to confirmation of a plan, preparation of a Disclosure Statement, notice requirements, and compliance with applicable legal requirements; (d) advise, assist and represent the Debtor with regard to objections to or subordination of claims and other litigation as required by the Debtor; (e) advise, assist and represent the Debtor with regard to the investigation of the desirability and feasibility of the rejection or assumption and potential assignment of executory contracts or unexpired leases; (f) advise, assist and represent the Debtor with regard to applications, motions or complaints concerning reclamation, adequate protection, sequestration, relief from stay, use of cash collateral, and disposition or use of assets of the estate; (g) advise, assist and represent the Debtor with regard to the sale or other disposition of assets of the estate; (h) prepare pleadings, applications, motions, reports and other papers incidental to administration of the case and conduct examinations pursuant to Federal Rule of Bankruptcy Procedure 2004; (i) provide support and assistance to the Debtor with regard to the proper receipt, disbursement and accounting for funds and property of the estate; and (j) perform any and all other legal services incident or necessary to the proper administration of this case and the representation of the Debtor in the performance of its duties under the Bankruptcy Code and Bankruptcy Rules. The firm will receive these hourly rates: $450 per hour for Senior Attorneys, $325 per hour for Associate Attorneys, $200 per hour for Paralegals, and $100 per hour for Administrative Assistants. The Firm has received $30,000 from the Debtor as a deposit to cover any shortfall in payment of court-approved fees, with any unused portion to be returned to the Debtor. According to court filings, The Falcone Law Firm, P.C. represents no interest adverse to the Debtor or the estate and is a disinterested person within the meaning of Section 101(14) of the Bankruptcy Code. The Firm can be reached at: Isan M. Falcone, Esq. THE FALCONE LAW FIRM, P.C. 363 Lawrence Street Marietta, GA 30060 Telephone: (770) 426-9359 E-mail: imf@falconefirm.com About Angel's Paradise Higher Learning Academy Inc Angel's Paradise Higher Learning Academy Inc sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ga. Case No. 26-51205-jwj) on January 29, 2026. At the time of the filing, the Debtor had estimated assets of $500,001 to $1 million and estimated liabilities of $500,001 to $1 million. The Falcone Law Firm, P.C. is Debtor's legal counsel. ANNALEE DOLLS: Hearing Today on Bid to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Hampshire is set to hold a hearing today to consider extending Annalee Dolls, LLC's authority to use cash collateral. The Debtor's authority to use cash collateral pursuant to the court's January 28 interim order expires today, at 11:59 pm. The Debtor was previously authorized to use up to $101,651.16 in cash collateral from February 1 to 9 under a revised budget. Customers Bank and Burr Ridge Advisors, LLC, the debtor-in-possession lender, hold first-priority security interests in the cash collateral. As adequate protection, January 28 interim order approved the payment of $5,000 to Customers Bank. Meanwhile, the replacement liens granted to secure the DIP lender's interests remain valid, perfected, and maintain the same priority as the existing liens. Burr Ridge Advisors, LLC, as DIP 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. API GP VENTURE: Plan Exclusivity Period Extended to April 2 ----------------------------------------------------------- Judge Karen B. Owens of the U.S. Bankruptcy Court for the District of Delaware extended API GP Venture Partners, LLC and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 2 and June 1, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that these cases have been exceptionally complex, although not large in terms of debt. The first several months were consumed by the appointment of a CRO, efforts to obtain access to the Debtors' books and records, and ultimately a difficult mediation and settlement process. These threshold issues had to be resolved before the Debtors could even begin to formulate a path forward. This unusual complexity, which has absorbed a significant portion of the initial exclusivity period, strongly supports an extension. The Debtors claim that they continue to negotiate with their key stakeholders and interested investors regarding the structure of their exit from Chapter 11 and the role of a Chapter 11 plan. Additionally, as the general claims bar date has only recently been set, the Debtors require time to review filed proofs of claim to liquidate the claims pool and provide all parties with greater visibility with respect to potential distributions under the forthcoming plan. The Debtors note that they seek to maintain exclusivity so parties with competing interests do not hinder the Debtors' efforts to finalize what is anticipated to be a largely consensual, value maximizing plan. Extending the Exclusivity Periods will benefit creditors by avoiding the drain on estate assets attendant to the potential proposal of a competing chapter 11 plan. All stakeholders benefit from that continued stability and predictability, which comes only with the Debtors being the sole potential plan proponents. Moreover, even if the Court approves an extension of the Exclusive Periods, nothing prevents parties in interest from later arguing to the Court that cause supports termination of the Debtors' exclusivity. Accordingly, the relief requested herein is without prejudice to the Debtors' creditors and will instead benefit the Debtors' estates, their creditors, and all other key parties in interest. About API GP Venture Partners API GP Venture Partners, LLC and its affiliates own and operate student housing properties in Goleta, California, providing accommodations for about 70 students. The group is managed by IRC Ashland I LLC, which holds roughly 90% of the equity, while Ashland Pacific, LLC holds the remaining 10% as a non-managing member. Operations are governed by limited liability company agreements and a master property management agreement defining ownership, management, and operational structures. API GP Venture Partners and affiliates, Ashland Pacific Integrated UCSB Holdings I, LLC, API UCSB Holdings I, LLC and API 6590 Holdings, LLC, filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11640) on September 4, 2025. The petitions were signed by J. Michael Issa as chief restructuring officer. At the time of the filing, API GP Venture Partners reported up to $50,000 in both assets and liabilities. Judge Karen B. Owens oversees the cases. The Debtors are represented by: Mette H. Kurth, Esq. Pierson Ferdinand, LLP 3411 Silverside Road Baynard Building, Suite 104-13 Wilmington, DE 19810 Tel: (310) 245-8784 mette.kurth@pierferd.com - and - Lynnette R. Warman, Esq. Pierson Ferdinand, LLP 1341 W. Mockingbird Lane, Suite 600W Dallas, TX 75247 Tel: (214) 872-6319 lynnette.warman@pierferd.com ARM VENTURES: Court Extends Cash Collateral Access to Feb. 27 ------------------------------------------------------------- Arm Ventures, LLC received another extension from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The court issued a third interim order authorizing the Debtor to use cash collateral through February 27 to fund operations in accordance with its revised budget. As adequate protection, secured lender Precedent Acquisitions, LLC will be granted replacement liens on the Debtor's post-petition assets similar to its pre-bankruptcy collateral, maintaining the same validity and priority as its pre-bankruptcy liens. In addition, the Debtor must make monthly payments of $10,000 due beginning on February 23, and due on the 23rd day each month thereafter. The court order reserves all rights regarding the validity, priority, and extent of the secured lender's liens and claim amounts. The next hearing is scheduled for February 24. Precedent Acquisitions, as secured lender, is represented by: Robert P. Charbonneau, Esq. Agentis PLLC 45 Almeria Avenue Coral Gables, FL 33134 Tel: 305.722.2002 rpc@agentislaw.com About Arm Ventures LLC Arm Ventures LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22944-LMI) on October 31, 2025. The Debtor previously filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 16-23633) on October 4, 2016. This bankruptcy case was closed on May 15, 2017. At the time of the recent filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge Laurel M. Isicoff (LMI) oversees the case. Joel M. Aresty, P.A. is Debtor's legal counsel. ATLAS CC HOLDING: S&P Upgrades ICR to 'CCC-', On Watch Positive --------------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on Atlas CC Holding LLC (Cubic Corp.) to 'CCC-' from 'SD' (selective default) and placed it on CreditWatch with positive implications. S&P said, "At the same time, we raised our ratings on its second-out $1.4 billion term loan B, $203 million term loan C, and $85 million payment-in-kind (PIK) term loan to 'CCC-' from 'D'. "We also raised our issue-level rating on its third-out $164 million second-lien term loan to 'C' from 'D'. "The CreditWatch placement indicates we may raise the rating following further review of the company's cash flow profile and liquidity position." Cubic Corp. executed a credit agreement amendment to defer its cash interest payment due Jan. 27, 2026, providing short-term liquidity relief. S&P said, "We believe ongoing cash burn remains a risk, though incoming milestone payments related to contracts in its transportation segment could support liquidity. "We raised our rating on Cubic following the executed credit agreement amendment. The company's lenders agreed to defer its interest payment due Jan. 27, 2026, until April 28, 2026. In exchange, lenders received a modest premium, paid in kind, and added to the principal term loan balance. The interest deferral provided short term liquidity relief for Cubic, as it contends with challenging conditions in its defense segment amid procurement reform and shifting funding priorities at the Department of Defense. The company's liquidity position should improve if sales in the defense segment recover in the short term. "We may raise the 'CCC-' rating once we have greater clarity on its cash flow profile and liquidity position. Normalizing sales environment in it its defense segment and release of contract asset in the transportation segment could indicate a liquidity shortfall or another liability management transaction is not an imminent risk. Still, based on its very high debt levels and contracted earnings, we believe it is unlikely improving conditions would lead us to view its capital structure as sustainable. The company remains vulnerable to adverse business conditions. "The CreditWatch placement indicates we may raise the rating following further review of Cubic's liquidity profile and cash flow prospects, including improved clarity regarding recovery of its defense segment and timing of contract asset releases in its transportation segment." AVALO ENTERPRISES: Hires Richard Siegmeister P.A. as Counsel ------------------------------------------------------------ Avalo Enterprises LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Richard Siegmeister, P.A. as counsel. The firm will provide these services: a. give advice to the debtor with respect to its powers and duties as a debtor-in-possession and the continued management of its business operations; b. advise the debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; c. prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; d. protect the interest of the debtor in all matters pending before the court; e. represent the debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid based upon its normal and usual hourly rates and will be reimbursed for out-of-pocket expenses incurred. Richard Siegmeister, Esq., a partner at Richard Siegmeister PA, 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. Richard Siegmeister can be reached at: Richard Siegmeister, Esq. Richard Siegmeister, PA 3850 Bird Rd, Floor 10 Miami, FL 33146-1501 Tel: (305) 859-7376 Email: rspa111@att.net About Avalo Enterprises LLC Avalo Enterprises, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24455) on December 8, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Robert A. Mark presides over the case. AW FARMS: Case Summary & 12 Unsecured Creditors ----------------------------------------------- Debtor: AW Farms, LLC 494 Logtown Rd Argillite, KY 41121 Business Description: AW Farms, LLC operates a meat-processing facility and retail meat operation in Argillite, Kentucky, where it processes beef and pork, provides custom slaughtering and cutting services, and supplies meat products to local retailers and restaurants while also operating an on-site retail counter. The company generates revenue primarily through retail sales and wholesale relationships within the local market. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Eastern District of Kentucky Case No.: 26-10034 Judge: Hon. Douglas L Lutz Debtor's Counsel: J. Christian Dennery, Esq. DENNERY, PLLC PO Box 121241 Covington, KY 41012 Tel: (877) 273-1976 Fax: (859) 286-6726 E-mail: jcdennery@dennerypllc.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Tyler J. Wells as CEO. A full-text copy of the petition, which includes a list of the Debtor's 12 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/L7MKOJY/AW_Farms_LLC__kyebke-26-10034__0001.0.pdf?mcid=tGE4TAMA AW FARMS: Commences Chapter 11 Bankruptcy in Kentucky ----------------------------------------------------- On February 2, 2026, AW Farms, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Kentucky. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About AW Farms, LLC AW Farms, LLC is a Kentucky-based agricultural company engaged in farming and livestock operations. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10034) on February 2, 2026. In its petition, the debtor reported estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Douglas L. Lutz handles the case. The debtor is represented by J. Christian Dennery, Esq., of Dennery, PLLC. AZORRA FINANCE: S&P Rates Proposed $350MM Unsecured Notes 'BB-' --------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue rating to Azorra Finance Ltd.'s proposed $350 million unsecured notes due 2034. The notes will be guaranteed on an unsecured basis by parent Azorra Aviation Holdings LLC (BB-/Positive/--) (Azorra). S&P said, "We expect Azorra to use the proceeds from this issuance, and from a $150 million add-on to its term loan B, to repay outstanding drawings on its revolving credit facilities (RCF) and for general corporate purposes, including the acquisition of aviation assets. The recovery rating is '3', indicating that we expect meaningful recovery prospects for the proposed unsecured notes of 50%-70% (rounded estimate: 50%) in the event of a default. "Our 'BB' rating on company's term loan B is unchanged. The recovery rating remains '2', reflecting our expectation of substantial recovery of 70%-90% (rounded estimate: 85%) in the event of a default. "We continue to view positively the increase in unsecured debt as a portion of funding. Having fewer encumbered assets aids financial flexibility because lessors with a sizable, unencumbered asset base can use the assets as collateral for secured borrowing if access to unsecured borrowing becomes unavailable. Pro forma the proposed transaction, the ratio of secured debt to total assets is about 37%, still somewhat above the ratio for most higher-rated peers." Issue Ratings--Recovery Analysis Key analytical factors -- The term loan, RCF, and bilateral facilities are supported by separate dedicated collateral pools. -- Azorra guarantees the term loan and unsecured notes--all issued by Azorra Finance Ltd.--on an unsecured basis. S&P expects the company's unencumbered assets to be available to support the recovery of existing and proposed unsecured notes and deficiency claims from the secured debt on a pari passu basis. -- S&P said, "We value the company as a going concern following a discrete asset valuation (DAV) approach. The fleet assets include aircraft and engines. We depreciate the appraised value of aircraft to the default year, at which point realization rates are applied to reflect a contraction in value in distress circumstances." -- S&P said, "In our simulated default scenario, we assume a disruption in the air travel industry in 2030, causing airlines to renegotiate leases and return aircraft on lease. This causes aircraft values to decline, requiring the company to use cash flow to pay down certain secured aircraft financing." Simplified waterfall -- Gross enterprise value (DAV approach): $2.0 billion -- Valuation split between unencumbered assets/ bilateral collateral/ revolver/ term loan: 40%/23%/13%/25% -- Net enterprise value after 5% administrative expenses: $1.9 billion -- Estimated collateral value available to term loan: $474 million -- Additional recovery through unencumbered assets: $101 million -- Total value available to the term loan: $575 million -- Estimated term loan balance at default: $671 million --Term loan recovery expectations: 70%-90% (rounded estimate: 85%) -- Estimated unencumbered asset value available to unsecured claims: $880 million -- Estimated unsecured note balance at default: $1.5 billion -- Other unsecured claims (deficiency claims from secured debt categories): $212 million -- Total unsecured claims: $1.7 billion --Unsecured note recovery expectations: 50%-70% (rounded estimate: 50%) Notes: All debt amounts include six months of prepetition interest. BALTIMORE INTERNATIONAL: Hires Tydings & Rosenberg LLP as Counsel ----------------------------------------------------------------- Baltimore International Warehousing & Transportation, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Tydings & Rosenberg LLP as counsel. The firm will provide these services: (a) provide the Debtor legal advice with respect to its powers and duties as a debtor-in-possession and in the operation of its business; (b) represent the Debtor in defense of any proceedings instituted to obtain relief from the automatic stay under Sec. 362(a) of the Bankruptcy Code; (c) prepare any necessary applications, answers, orders, operating reports and other legal papers, and appear on the Debtor's behalf in proceedings instituted by or against the Debtor; (d) assist the Debtor with any sale of its assets under Section 363 of the Bankruptcy Code; (e) assist the Debtor in the preparation of schedules, statement of financial affairs, and any amendments thereto which the Debtor may be required to file in this case; (f) assist the Debtor in the preparation of a plan; (g) prosecute affirmative claims on behalf of the Debtor seeking the recovery of any assets; (h) assist the Debtor with other legal matters, including, among others, securities, corporate, real estate, tax, intellectual property, employee relations, general litigation, and bankruptcy legal work; and (i) perform all other legal services for the Debtor which may be necessary or desirable in this bankruptcy case. The firm will be paid at these rates: Counsel and Partners $500 to $700 per hour Associates $300 to $400 per hour Administrative legal assistant $175 per hour Prior to the petition date, the firm received from the Debtor a retainer of $31,922.25. Tydings & Rosenberg LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Stephen B. Gerald, Esq. Tydings & Rosenberg LLP 1 East Pratt Street, Suite 901 Baltimore, MD 21202 Telephone: (410) 752-9700 E-mail: sgerald@tydings.com About Baltimore International Warehousing & Transportation, Inc. Baltimore International Warehousing & Transportation, Inc. provides warehousing, transportation, and logistics services, including distribution, freight handling, bonded storage, container freight station operations, and related cargo services. The Company operates in Baltimore, Maryland, serving importers, exporters, and transportation providers, with facilities located near the Port of Baltimore and supporting domestic and international freight movements. Baltimore filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10737) on January 22, 2026, with $1 million to $10 million in assets and liabilities. Sue Monaghan, president of Baltimore, signed the petition. Joseph Selba, Esq., at Tydings & Rosenberg, LLP represents the Debtor as legal counsel. BANNING, CA: S&P Lowers Rev. Bond Rating to 'B', Outlook Negative ----------------------------------------------------------------- S&P Global Ratings lowered its underlying rating (SPUR) to 'B' from 'B+' on Banning Financing Authority, Calif.'s electric system revenue bonds, issued for the City of Banning, and removed it from CreditWatch, where it was placed with negative implications on Nov. 7, 2025. The outlook is negative. The downgrade reflects the utility's sustained weak financial position and reliance on citywide pooled cash fund that absorbed the city's general fund significant unassigned negative fund balance as of fiscal year-end 2024 (June 30). This combined cash structure could potentially constrain the electric fund's access to cash to fund operations and pay electric debt service. S&P said, "The negative outlook reflects a one-in-three chance that we could lower the rating further if the utility can't stabilize its financial position and achieve the 1.2x rate covenant in fiscal 2025, particularly given what we view as weak income demographics that could hinder cost recovery for a utility that is collecting in arrears. "In our opinion, the utility's combined weak risk management and financial reporting underpin our negative rating actions and, in our view, led to its structural imbalance, which is not anticipated to improve until fiscal 2027. Although management has initiated several credit-supportive strategies to enhance revenue collections and improve financial metrics, we believe a sustained financial improvement hinges on management committing to review, implement, and update these strategies and long-term plans, and hiring key personnel while decreasing turnover. Furthermore, we believe the city lacks the internal control processes necessary to monitor compliance with debt covenants throughout the year." In S&P's view, rate-affordability risks are elevated for the electric system. Although system rates, measured on a weighted-average basis by customer class, are below the state average (2024), suggesting solid competitiveness, significant annual residential rate increases are approved during the next five years. Also, current relative electric rate competitiveness reflects the state's investor-owned utilities' recent substantial rate increases, indicating that competitiveness and affordability are not synonymous. Electric base rate increases total 54% for fiscal 2025 through fiscal 2027, and as management uses its power cost adjustment factor (PCAF) monthly to address liquidity challenges, we believe affordability will erode. This is further compounded by planned rate increases for the water and wastewater systems, which are billed on the same bill as the electric system. S&P believes the utility faces acute physical risks related to wildfires, since the city maintains 11 miles of overhead distribution lines in tier 2 and 3 zones and 3% of the system's customers are within these zones. The utility has undertaken measures to reduce wildfire risk and will continue to de-energize circuits for operational reasons at the request of police and fire personnel as a form of risk management. Environmental, social, and governance (ESG) credit factors for this change in credit rating/outlook and/or CreditWatch status: -- Risk management, culture, and oversight -- Transparency and reporting S&P said, "The negative outlook reflects our view that, despite planned rate increases, the utility's cash balance will likely remain negative through fiscal 2026 and will only achieve structural balance beginning in fiscal 2027, as indicated by management and the utility's continued dependence on interfund borrowings. While management expects to be caught up on billing by February 2026, there is significant uncertainty as to the ratepayers' ability to pay larger balances and if rate increases and cost controls will produce credit-supportive DSC in fiscal years 2025 and 2026 given insufficient coverage in fiscal 2024. We view concrete resolution regarding the billing and collections as necessary to stabilize our view of the electric system's financial position. "We could lower the rating by one or more notches if the city's overall liquidity deteriorates materially and citywide pooled cash no longer supports the electric system's operations and debt service payments. We could also do so if there is a delayed ability to raise rates, if there is an inability to maintain structural balance on a sustained basis that considers revenue, expenses, debt service, and capital spending, or if rate affordability becomes materially compromised. "We could revise the outlook to stable if we see a sustained track record of improved liquidity and reserves supported by timely billing, sufficient rate increases, and prudent cost control while maintaining DSC in compliance with the 1.2x rate covenant. Due to recent weak financial performance and the anticipation that the utility will only achieve structural balance by fiscal year-end June 30, 2027, we do not anticipate raising the rating in the near term." BK & MK LLC: Hires Law Offices of David P. Leibowitz as Counsel --------------------------------------------------------------- BK & MK LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Law Offices of David P. Leibowitz, LLC, d/b/a Lakelaw as its counsel. The Debtor requires legal counsel to: a. advise the Debtor with respect to its powers and duties in the continued management and operation of its business and properties; b. attend meetings with, and negotiate with, respective creditors and other parties involved in the Debtor's Chapter 11 case; c. advise and consult on the conduct of the case, including all the legal and administrative requirements of operating in a Chapter 11 case; d. advise the Debtor in connection with real estate and mortgage-related issues; e. advise the Debtor in connection with post-petition financing arrangements and negotiate and draft documents relating thereto; f. provide advice to the Debtor with respect to legal issues arising in or relating to its ordinary course of business; g. take all necessary actions to protect and preserve the Debtor's estate, including the prosecution of actions and proceedings on its behalf, the defense of any actions and proceedings commenced against the estate, negotiations concerning all litigation in which the Debtor may be involved, and objections to claims filed against the estate; h. prepare legal papers; i. prepare a plan of reorganization or liquidation and all related agreements 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; k. appear before the bankruptcy court or other courts and the Office of the U.S. Trustee; and l. perform other necessary services. The firm will be paid at these rates: David Leibowitz, Esq. $800 per hour Linda Green, Esq. $550 per hour Paralegals $150 per hour In addition, the firm will seek reimbursement for work-related expenses incurred. The Debtor paid the firm an initial retainer of $20,000. As disclosed in court filings, the firm and its attorneys are "disinterested" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached at: David P. Leibowitz, Esq. Law Offices of David P. Leibowitz, LLC 3478 N. Broadway, Unit 234 Chicago, IL 60657-6968 Phone: (312) 662-5750 Email: dleibowitz@lakelaw.com About BK & MK LLC BK & MK LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18130) on November 24, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Deborah L. Thorne presides over the case. David Freydin, Esq., at the Law Offices of David Freydin Ltd. represents the Debtor as bankruptcy counsel. BLIZE HEALTHCARE: U.S. Trustee Appoints Tamar Terzian as PCO ------------------------------------------------------------ Peter Anderson, the U.S. Trustee for Region 17, appointed Tamar Terzian as patient care ombudsman for Blize Healthcare California Inc. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Northern District of California on January 16. Section 333 of the Bankruptcy Code provides that Ms. Terzian, as the patient care ombudsman, shall: * Monitor the quality of patient care provided to patients of the Debtors, to the extent necessary under the circumstances, including, to the extent necessary, interviewing patients, physicians, and other appropriate interested parties; * In the event that the patient care ombudsman determines that the quality of patient care provided to patients of the Debtors are declining significantly or are otherwise being materially compromised, file with the Court a motion or a written report with notice to the parties in interest immediately upon making such determination; * As required by Section 333(b)(2) of the Bankruptcy Code, not later than 60 days after the date of appointment, and not less frequently than at 60-day intervals thereafter, report to the Court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care provided to patients of the Debtors. Ms. Terzian disclosed in a court filing that she is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The ombudsman may be reached at: Tamar Terzian Terzian Law Group, APC 1122 E Green St, # 200, Pasadena, CA 91106-2500 Phone: (818) 242-1100 Email: tamar@terzlaw.com About Blize Healthcare California Inc. Blize Healthcare California, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-42377) on December 18, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. The petition was signed by Ukeje Elendu as chief executive officer. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. BON MORRO: Boylston Kenmore Loses Bid to Dismiss Adversary Case --------------------------------------------------------------- Judge Christopher J. Panos of the U.S. Bankruptcy Court for the District of Massachusetts denied the motion filed by Boylston Kenmore 1260, LLC to dismiss the adversary proceeding captioned as The Bon Morro, LLC, Plaintiff v. Boylston Kenmore 1260, LLC, Defendant, Adversary Proceeding No. 25-01156-CJP (Bankr. D. Mass.) The Bon Morro, LLC, is a Boston, Massachusetts-based single-asset real estate debtor holding the ground lease to "The Bon," a 451-unit mixed-use project at 1260 Boylston Street. Pursuant to Fed.R.Civ.P. 12(b)(6), Boylston Kenmore 1260, LLC, moves to dismiss the Complaint. In its motion to dismiss, the Defendant argues the Complaint fails to state a claim upon which relief can be granted because: (i) Tenant did not have a replacement leasehold mortgage lender; (ii) under the terms of the Ground Lease, Landlord was not required to make the modifications demanded by Tenant; and (iii) Tenant cannot establish any damages caused by Landlord as Tenant has at all relevant times lack any equity in the Project and would be unable to secure replacement financing based on the economics of the Project and its existing financing. A copy of the motion to dismiss is available at http://urlcurt.com/u?l=sP66gbfrom PacerMonitor.com. The court's order is available at http://urlcurt.com/u?l=DlQOSA from PacerMonitor.com. About The Bon Morro, LLC The Bon Morro, LLC and its debtor affiliates, a Boston, MA-based single-asset real estate debtor holding the ground lease to "The Bon," a 451-unit mixed-use project at 1260 Boylston Street, filed for Chapter 11 protection on Nov. 2, 2025 in the U.S. Bankruptcy Court for the District of Massachusetts (Bankr. D. Mass. Case No. 25-12379). At the time of the filing, the company reported $100 million to $500 million in both assets and liabilities. Judge Christopher J. Panos oversees the case. Choate Hall & Stewart LLP is the Debtors' legal counsel. BOZETTIS GROUP: Hires MANNLawFirm as Special Counsel ---------------------------------------------------- Bozettis Group, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ MANNLawFirm as special counsel. The Debtor needs the firm's legal assistance in connection with these cases: a. Henrique Bozetti vs. Next Insurance Inc., All American Glass & Mirror, and Rusmir Muhejic, Middlesex Superior Court, Civil Action No. 25CV3164; b. Henrique Bozetti vs. Theodore Lantzakis and 419-429 Main Street LLC, Middlesex Superior Court, Civil Action No. 2581CV01731; and c. Theodore Lantzakis and 419-429 Main Street LLC a/k/a 419-429 Main Street vs. Ricky Bozetti. Case No. 2550SU000325. The firm will be paid at the rate of $450 per hour. The firm received from the Debtor a retainer of $9,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Mann 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: Simon B. Mann, Esq. MANNLawFIrm 200 Highland Avenue – Suite 302 Needham, MA 02494 Tel: (617)690-7379 Email: simon@sbmannlaw.com About Bozettis Group, Inc. Bozettis Group, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Mass. Case No. 25-12587) on Dec. 15, 2025. The Debtor hires Barry R. Levine, Esq., as counsel. BUCKINGHAM SENIOR: No Decline in Patient Care, 1st PCO Report Says ------------------------------------------------------------------ Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her first report regarding the quality of patient care provided by Buckingham Senior Living Community, Inc. The report covers the period from December 16, 2025 to January 27, 2026. The licensed care areas at The Buckingham included assisted living (AL), memory assisted living, and long-term/skilled care nursing areas. At the time of the PCO's initial site visit, memory assisted living had 31 residents, AL had 46 occupied apartments, and healthcare had a census of 64 patients, approximately 65% skilled and 35% long-term private-pay residents. The PCO noted that the facility was clean and free of odors. Waterless hand gel was available in licensed care areas, and common-area bathrooms were adequately stocked with paper products. The PCO generally did not visit the independent living (IL) areas beyond the kitchen and dining area located on the IL side of the property. The PCO met with Healthcare and Assisted Living leadership; interacted with dining, facilities, therapy, central supply, and direct care staff; observed care interactions; and spoke with patients and residents. Leadership reported uninterrupted services from third-party pharmacy, hazardous waste, disposable supply, and electronic health record vendors. Ms. Goodman confirmed menu cycles and food selections remained unchanged post-petition; dining leadership reported no interruptions in food sourcing or dietitian support, and all dietary equipment was functional during the PCO’s visit, except a recently repaired steamer oven. During the PCO's site visit, Healthcare was staffed with five licensed nurses and six CNAs; a last-minute nursing absence in memory was covered by a nurse from the prior shift for four hours and the AL nurse for the remaining four hours. The PCO did not observe any current post-petition care decline, but some Buckingham residents could face material healthcare impacts if they lose affordable access to care or lack sufficient refunds to move to an alternative setting. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=hrTCbP from PacerMonitor.com. The ombudsman may be reached at: Susan N. Goodman Pivot Health Law P.O. Box 69734 Oro Valley, AZ 85737 Phone: 520-744-7061 Email: sgoodman@pivothealthaz.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. BURTON TRANSPORT: Hires Huffman-Wei Tax Services as Accountant -------------------------------------------------------------- Burton Transport, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Missouri to employ Huffman-Wei Tax Services as accountant. The firm will provide accounting services to the Debtor. The firm will be paid a flat fee of $750 to prepare the Debtor's federal and state income tax returns. Mr. Huffman-Wei 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: Guilian Huffman-Wei Huffman-Wei Tax Services 10954 State Route E Birch Tree, MO 65438 Tel: (573) 292-0256 About Burton Transport, Inc. Burton Transport, Inc. provides freight transportation services across the United States, hauling a range of cargo including general freight, building materials, metal products, beverages, chemicals, paper goods, and agricultural supplies. The company operates from Mountain View, Missouri, with a fleet of tractors and trailers serving interstate shipping routes. It is registered as an authorized for-hire property carrier under the U.S. Department of Transportation. Burton Transport filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60719) on October 27, 2025, with $1,603,470 in assets and $1,801,184 in liabilities. Lucinda Burton, president of Burton Transport, signed the petition. Judge Brian T. Fenimore presides over the case. Colin N. Gotham, Esq., at Evans & Mullinix, P.A. represents the Debtor as legal counsel. CALIBUR FLUIDS: Starts Chapter 7 Bankruptcy in Oklahoma ------------------------------------------------------- On January 30, 2026, Calibur Fluids LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Western District of Oklahoma. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Calibur Fluids LLC Calibur Fluids LLC is an Oklahoma-based company operating in the oilfield services sector, providing fluid-related services to energy producers. Calibur Fluids LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-10248) on January 30, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Chief Judge Sarah A. Hall handles the case. The Debtor is represented by O. Clifton Gooding, Esq. of The Gooding Law Firm. CALUMET INC: S&P Alters Outlook to Positive, Affirms 'CCC+' ICR --------------------------------------------------------------- S&P Global Ratings revised the rating outlook on Calumet Inc. to positive from negative and affirmed its 'CCC+' issuer credit rating. The recovery rating on the senior secured notes remains '1' (rounded estimate: 95%). The recovery rating on senior unsecured notes remains '3' (rounded estimate: 55%). The issue-level ratings remain 'B' and 'CCC+' for the senior secured debt and the unsecured debt, respectively. S&P also withdrew its 'CCC+' issue level ratings on the 2026 and 2027 senior notes tranches, which were redeemed recently. The positive outlook reflects that we may upgrade the company within 12 months if leverage metrics continue to improve to levels we deem sustainable. Calumet has addressed its near-term debt maturities. In January 2026, Calumet issued new unsecured notes and used the proceeds, along with internal liquidity, to refinance its 2026 and 2027 unsecured notes tranches, and it extended its ABL maturity date. As a result, Calumet's nearest material debt maturity is in July 2028 on its senior unsecured notes. S&P said, "We expect the company to maintain adequate liquidity for the next 12 months, supported by cash on the balance sheet, availability on the ABL, and positive free operating cash flow (FOCF). We do not expect any covenant compliance issues over the next 12 months." S&P said, "We expect Calumet's credit metrics to continue to improve in the next 12 months on somewhat favorable market fundamentals, better product mix, and internal cost optimization. Calumet's credit metrics in 2025 improved materially from significantly higher fuels margins and continued strength in specialty margins in the second half of 2025. Additionally, company-wide optimization initiatives reduced its operating cost by about $60 million in the first nine months of the year. Calumet's renewable fuels business, Montana Renewables LLC (MRL), also benefited from higher renewable identifiable number (RIN) pricing relative to the lows of 2024. "We expect its EBITDA margins to improve by about 200 basis points to about 8% in 2025 and will approach 10% in 2026 and 2027. This is supported by its operating cost improvements, higher RIN prices due to higher renewable volume obligations (RVOs), greater sales of higher-margin sustainable aviation fuel (SAF), and commercial execution in the specialties business. We may also observe some rationalization of margins in coming years due to the demand pull on domestic feedstocks. We project the company's weighted-average S&P Global Ratings-adjusted debt to EBITDA will be 7x-8x, with the metric being somewhat higher than this range in 2025 and improving to about 7x during the second half of 2026. "We expect MRL's annual SAF production capabilities to increase to 120 million-150 million gallons in the second quarter of 2026 from the current 30 million gallons per year level. Based on management's public statements, it has secured contracts for a majority of the expanded SAF capacity in the first phase, which are priced at a premium to renewable diesel. While the ultimate target is 300 million gallons of SAF capacity in a few years, at this time our base-case assumptions do not reflect this next phase. We may update our assumptions once we have more certainty around the execution and associated spending requirements for the second phase. "We expect Calumet to report significantly positive FOCF for 2025, supporting liquidity improvement. We believe this will be driven by the material reduction in interest costs following the retirement of MRL's prior third-party debt with the Department of Energy (DOE) loan in February 2025 as well as higher EBITDA margins. We forecast FOCF will improve further in 2026 with an increase in earnings and the continued sale of the 45Z production tax credits (PTCs) in the secondary market." There is positive momentum for the renewable fuels space, but some uncertainties persist. Some developments over the last 12 months in the regulatory environment offer support to fundamentals and clarity for the sector. For example, the proposed 2026-2027 Renewable Fuel Standard (RFS) rule proposes record-high RVOs and alters the standard to limit participation of imported fuels and feedstocks. Additionally, the Environmental Protection Agency's (EPA) recent decisions on small refinery exemption (SRE) applications and the extension of the 45Z PTCs through 2029 also provide some certainty. Calumet has started to monetize these PTCs following the extension, which S&P expects will support free cash flows. S&P said, "However, the final rule for the 2026-2027 RFS standards remains pending. We note Calumet at a consolidated level remains materially exposed to commodity prices and subject to government policies, particularly around renewable fuels. While uncertainties in the renewables industry remain, we believe recent regulatory clarity for the industry has helped stabilize market sentiment somewhat." Calumet remains subject to potential RIN obligations, which could weaken credit metrics and liquidity. While the EPA's decisions on SREs in 2025 reduced most of Calumet's RIN obligations, there are still some cases under review and dialogue. It is unclear what the ultimate resolution will be, and in a scenario where Calumet has to settle against its RIN compliance requirements, its liquidity and credit measures could be pressured depending on the amount of obligations and the payout mechanism. S&P may revisit our rating on the company as a result. As of Sept. 30, 2025, reported obligations decreased to about $133 million from $457 million as of June 30, 2025. S&P does not currently add these obligations to our adjusted debt balances, but this could change if the likelihood of payments by the company increases. The positive outlook reflects the possibility of an upgrade over the next 12 months if Calumet's operating and financial performance continues to recover, thus markedly reducing the risk of an unsustainable capital structure. With consistent throughput levels and a sequentially better margin profile in 2025 than 2024, we estimate Calumet's (consolidated) S&P Global Ratings-adjusted debt to EBITDA will be 7x-8x on a weighted-average basis. While S&P expects the metric will be above this range for 2025, S&P forecasts it will improve to about 7x during the second half of 2026, with margin uplift from continued realization of operational cost improvements and higher SAF production. However, Calumet's margin profile in the near term will likely remain subject to industry supply and demand dynamics, the regulatory policy environment for renewable fuels, and timing and successful ramp-up of SAF capacities. Based on past court rulings, recent SRE decisions by the EPA, and conversations with the company, S&P assumes Calumet will not have to pay against its RIN obligations in the next 12 months, a key assumption in our base case. S&P could take a negative rating action over the next few quarters if: -- The company faces unexpected operational disruptions or delays in the planned SAF expansion in the coming months, or end-market demand or the combined business' margins are weaker than expected, leading to persistent negative free cash flows, a meaningful deterioration in liquidity, or S&P Global Ratings-adjusted debt to EBITDA approaching 10x consistently; or -- Due to ongoing litigation, the company is deemed obligated to meet significant RIN obligations by purchasing RINs, thus pressuring its liquidity position. S&P notes the EPA's decisions on Calumet's various SRE applications have significantly reduced its obligations, while some obligations still remain either under a judicial stay or have review petitions filed in the D.C. circuit. S&P said, "We could upgrade our rating on Calumet to 'B-' over the next 12 months if its S&P Global Ratings-adjusted debt to EBITDA drops to below 8x on a consistent basis, EBITDA interest coverage remains at or above 1.5x, and FOCF remains positive. This could occur if the operating environment remains favorable in both the specialties and fuels refining businesses and expanded SAF capabilities at MRL ramp up mid-2026, leading to sustained improvements in earnings. "We could also upgrade Calumet if it uses free cash flow, a successful equity sale, or IPO at MRL to meaningfully reduce debt leverage. Consistent with our previous assumptions, while the MRL monetization plan is still in process, we do not consider its materialization in our base case over the next 12 months." CANO ELECTRIC: Gets OK to Use Cash Collateral Until Feb. 17 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, entered an interim order authorizing Cano Electric Inc., to use cash collateral through February 17. Under the interim order, the Debtor is authorized to collect all revenue due and to apply it toward operating expenses in accordance with its budget. The Debtor may pay up to 110% of each budgeted expense without further court approval. All banks and payors, including Greystar Real Estate Partners, LLC and its affiliates, are instructed to remit payments directly to the Debtor, and no party making such payments will be liable to third parties for compliance with the interim order. As adequate protection, creditors with pre-petition security interests in cash collateral will be granted replacement liens on post-petition cash collateral and newly acquired property. These liens maintain the same validity and priority as the creditors held on the petition date and do not attach to Chapter 5 avoidance actions. Secured creditors are also entitled to replacement liens on post-petition accounts receivable, contract rights, and deposit accounts. The order includes a carveout of funds to cover fees for the Clerk of Court, U.S. Trustee, Subchapter V Trustee, trustee (if any), and the Debtor’s counsel, The Lane Law Firm, PLLC. A final hearing is scheduled for February 17 to determine whether the order should be continued, modified, or terminated. Objections must be filed by February 12. About Cano Electric Inc. Cano Electric is an electrical service contractor that provides on-demand electrical services to the multi-family housing sector and its commercial clients. Cano Electric Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40225) on January 16, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities also between $1 million and $10 million. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Robert Lane, Esq., of The Lane Law Firm PLLC. CAPITAL MONETIZATION: Hires Professional Financial as Accountant ---------------------------------------------------------------- Capital Monetization Management, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Professional Financial Services LLC as accountant. The firm will provide these services: a. prepare financial information in accordance with the accounting principles generally accepted in the US; b. apply accounting and financial reporting expertise to assist the Debtor in the presentation of the financial information without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial information; c. assist the Debtor in performing such other services as may be in the interest of the Debtor and perform all other services required by the Debtor; d. prepare all necessary tax returns. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Ingram 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: Darwyn A. Ingram Professional Financial Services LLC Stroudsburg, PA About Capital Monetization Management, LLC Capital Monetization Management, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 5:25-03091) on Oct. 29, 2025. The Debtor hires Tullio DeLuca, Esq. at the Law Office of Tullio DeLuca represents the Debtor as counsel. CARE FOR THE ELDERLY: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, entered an interim order authorizing Care For The Elderly, Inc. to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through March 10 to cover operating expenses in accordance with its current budget and any subsequent budgets filed before the final hearing. The order incorporates the Debtor's 4-week cash flow forecast and allows deviations up to 15% without further court approval. All banks holding the Debtor's funds are ordered to release such funds for deposit into debtor-in-possession accounts. The Debtor's secured creditors will be granted replacement liens and superpriority administrative expense claims on the Debtor's assets (excluding avoidance actions) to the same extent and priority as their pre-petition liens, protecting them against any diminution in value of their interests. These protections are enforceable immediately and automatically perfected without additional filings. No presumption of validity is made for claims or liens held by any individual creditor unless determined by the court. A final hearing is scheduled for March 10. Objections must be filed by February 24. Care For The Elderly believes that, as of the Petition Date, the only creditor with a claim secured by cash collateral is the U.S. Small Business Administration, which is currently owed approximately $44,000. The Debtor is current on the payment of its monthly obligations to the SBA and intends to stay current during this bankruptcy case. About Care for the Elderly, Inc. Care for the Elderly, Inc. specializes in services and programs for seniors, including the management of facilities and initiatives that promote health, safety, and quality of life. The company adheres to the regulations governing healthcare and elder care providers. Care for the Elderly, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10221) on January 11, 2026. In its petition, the debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Barry Russell handles the case. The debtor is represented by Ron Bender, Esq., of Levene, Neale, Bender, Yoo & Golubchik L.L.P. CARE FOR THE ELDERLY: U.S. Trustee Appoints Tamar Terzian as PCO ---------------------------------------------------------------- Peter Anderson, the U.S. Trustee for Region 17, appointed Tamar Terzian as patient care ombudsman for Care for the Elderly, Inc. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Central District of California on January 15. The ombudsman will perform the duties required under Section 333 of the Bankruptcy Code. Ms. Terzian disclosed in a court filing that she is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The ombudsman may be reached at: Tamar Terzian Terzian Law Group, APC 1122 E Green St, # 200, Pasadena, CA 91106-2500 Tel: (626) 826-1271 Email: tamar@terzlaw.com About Care for the Elderly Inc. Care for the Elderly, Inc. specializes in services and programs for seniors, including the management of facilities and initiatives that promote health, safety, and quality of life. The company adheres to the regulations governing healthcare and elder care providers. Care for the Elderly sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10221) on January 11, 2026. In its petition, the Debtor reported estimated assets in the range of $10 million to $50 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P. CARING FOR YOU: No Resident Complaints, 5th PCO Report Says ----------------------------------------------------------- Amanda Celentano, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the District of Maryland her fifth report regarding the quality of patient care provided by Caring For You Assisted Living, LLC. On January 22, the local ombudsman visited Caring for You (10 S Gilmore, Baltimore), spoke privately with each resident, and all expressed satisfaction with their care and services. On January 21, the local ombudsman visited Caring For You V (1232 Walters Avenue, Baltimore) and spoke with two of the four residents present, both expressing satisfaction with their care and food. The local ombudsman visited Caring for You IV (3304 Dudley Avenue, Baltimore) on January 31 and spoke with the two residents onsite who shared concerns about temperature, food, and money; one resident was at a day program and another was sleeping. On January 23, the local ombudsman visited Caring for You II (2928 Edison Highway). Staff reported a census of three, noting a recent discharge of a fourth resident due to "behaviors." The ombudsman spoke with the two residents onsite who reported doing well and had no complaints. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=Nq9pyS from PacerMonitor.com. About Caring For You Assisted Living Caring For You Assisted Living, LLC is a healthcare provider operating multiple assisted living facilities in Baltimore, Maryland. Caring For You Assisted Living sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-13464) on April 18, 2025. In its petition, the Debtor reported between $100,000 and $500,000 in assets and liabilities. Judge David E. Rice oversees the case. The Debtor is represented by Aryeh E. Stein, Esq. at Meridian Law, LLC. Amanda Celentano is the patient care ombudsman appointed in the Debtor's case. CARLSBAD 10: Case Summary & Seven Unsecured Creditors ----------------------------------------------------- Debtor: Carlsbad 10 Hospitality, LLC Hyatt House Carlsbad Studio 6 Suites Carlsbad Suites 5010 Avenida Encinas Carlsbad CA 92008 Business Description: Carlsbad 10 Hospitality, LLC is a California-based company that operates hotel properties in Carlsbad under the brand names Hyatt House Carlsbad, Studio 6 Suites, and Carlsbad Suites, with Studio 6 Suites operated as a franchise of G6 Hospitality Franchising LLC. The Company holds a leasehold interest under a ground lease for the land, buildings, and associated improvements at 5010 Avenida Encinas, valued at $11 million. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Southern District of California Case No.: 26-00434 Debtor's Counsel: Paul Leeds, Esq. FRANKLIN SOTO LEEDS LLP 444 West C Street 300 San Diego CA 92101 Tel: 619-872-2520 Email: pleeds@fsl.law Total Assets: $14,015,543 Total Liabilities: $13,572,398 The petition was signed by Mayank Patel as member and manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RP6VBKA/Carlsbad_10_Hospitality_LLC__casbke-26-00434__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Seven Unsecured Creditors: Entity Nature of Claim Claim Amount 1. G6 Hospitality Franchising LLC Franchisor $120,564 Chief Development Officer 4001 International Pkwy Carrollton, TX, 75007 Email: G6legalfranchisecontracts@g6hospitality.com, Email: g6legalcontracts@g6hospitality.com 2. San Diego Gas & Electric Utility Services $4,808 P.O. Box 25111 Santa Ana, CA, 92799 3. City Of Carlsbad- Water Utility Services $3,345 P.O. Box 9009 Carlsbad, CA, 92018 Phone: 442-339-2420 Email: utilitybilling@carlsbadca.gov 4. Everon, LLC Suppliers or $947 P.O. Box 872987 Vendors Kansas City, MO, 64187-2987 Phone: 844-5-EVERON Email: SUPPORT@EVERONSOLUTIONS.COM 5. 24 Hour Elevator, Inc. Suppliers or $788 P.O. Box 7411 Vendors Pasadena, CA, 91109 Tel: 858-279-8900 6. Cannon Road LLC- Land Lease $0 P.O. Box 11966 Burke, VA, 22009 Corey M. Steiner Phone: 419.350.4493 Email: teamsteiner4@gmail.com 7. Cannon Road LLC- Verizon $0 Cell Tower 1/2 Pmt P.O. Box 11966 Burke, VA, 22009 Corey M. Steiner Phone: 419.350.4494 Email: teamsteiner4@gmail.com CARROLL CREEK: Taps Law Office of Tap David E. Cahn as Counsel -------------------------------------------------------------- Carroll Creek Whisky, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire David E. Cahn, Esq. of the Law Office of David Cahn, LLC to serve as its counsel. Mr. Cahn will provide these services: (a) advising the Debtor legal advice with respect to his powers and duties as Debtor-in-Possession; (b) advising the Debtor concerning, and assisting in the negotiation and documentation of, financing agreements, debt restructurings, cash collateral arrangements and related transactions, as applicable; (c) representing the Debtor in defense of any proceedings instituted to reclaim property or to obtain relief from the automatic stay under Section 362(a) of the Bankruptcy Code; (d) representing the Debtor in any proceedings instituted with respect to use of cash collateral; (e) attending any and all meetings pursuant to 11 U.S.C. Section 341 and any and all court hearings scheduled herein; (f) reviewing the nature and validity of liens asserted against the property of the Debtor and advising the Debtor concerning the enforceability of such liens, as applicable; (g) advising the Debtor concerning the actions that it might take to collect and to recover property for the benefit of the Debtor's estate; (h) preparing on behalf of the Debtor all necessary and appropriate applications, motions, pleadings, draft orders, notices, schedules and other documents, and reviewing all financial and other reports to be filed in this Chapter 11 case; (i) advising the Debtor concerning, and preparing responses to, applications, motion, pleadings, notices and other papers that may be filed and service in this Chapter 11 case; (j) counseling the Debtor in connection with the formulation, negotiation and promulgation of a plan of reorganization or liquidation and related documents; (k) performing all other legal services it is qualified to handle for and on behalf of the Debtor that may be necessary or appropriate in the administration of this Chapter 11 case; and (l) performing all other legal services for the Debtor which may be necessary herein and to accomplish the goals of this reorganization. The firm received $7,000 prior to the filing of the Chapter 11 case, which included payment of the $1,738 bankruptcy filing fee. The firm will charge fees on an hourly basis at a rate of $400 per hour for attorneys and $100 per hour for paralegals, subject to court approval and periodic review. According to court filings, the Law Office of David Cahn, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the estate. The firm can be reached at: David E. Cahn, Esq. LAW OFFICE OF DAVID CAHN, LLC 129-10 W. Patrick Street Frederick, MD 21701 Telephone: (301) 799-8072 Facsimile: (877) 862-5426 E-mail: cahnd@cahnlawoffice.com About Carroll Creek Whisky, LLC Carroll Creek Whisky, LLC, doing business as Tenth Ward Distilling Company, is a woman-owned distillery based in Frederick, Maryland, founded in 2016 in the historic Tenth Ward district. The Company produces a range of spirits, including Absinthe Nouvelle, Genever Gin, Maryland Rye Whiskey, and Smoked Bourbon, as well as seasonal liqueurs and canned cocktails, with its whiskey distilled in-house using locally sourced grains. Tenth Ward Distilling also operates a cocktail bar and tasting room, hosts events in its Whiskey Hall venue, and distributes its products through retail and offsite events. Carroll Creek Whisky, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10931) on January 29, 2026. At the time of the filing, the Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $1,000,001 and $10 million. No judge is identified in the employment application or related docket information provided. Law Office of David Cahn, LLC serves as the Debtor's legal counsel. CEDAR HAVEN: U.S. Trustee Appoints Margaret Barajas as PCO ---------------------------------------------------------- Andrew Vara, the U.S. Trustee for Regions 3 and 9, appointed Margaret Barajas as patient care ombudsman for Cedar Haven Acquisition, LLC. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Middle District of Pennsylvania on January 16. Section 333 of the Bankruptcy Code provides that the patient care ombudsman shall: * Monitor the quality of patient care provided by the Debtor, to the extent necessary under the circumstances, including interviewing patients and physicians; * File the report with the court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care as per the order authorizing the U.S. Trustee to appoint a patient care ombudsman pursuant to Section 333 of the Bankruptcy Code dated January 16; * If such ombudsman determines that the quality of patient care is declining significantly or is otherwise being materially compromised, file with the court a motion or a written report, with notice to the parties in interest immediately upon making such determination; and * Maintain any information obtained by such ombudsman under Section 333 of the Bankruptcy Code that relates to patients (including information relating to patient records) as confidential information. The State Long-Term Care Ombudsman appointed under Section 333(a)(2)(B) of the Bankruptcy Code shall have access to patient records consistent with authority under the Older Americans Act of 1965 and under non-Federal laws governing the State Long-Term Care Ombudsman program. About Cedar Haven Acquisition LLC Cedar Haven Acquisition, LLC, d/b/a Cedar Haven Healthcare Center, operates a skilled nursing and long-term care facility in Lebanon, Pennsylvania, offering post-acute rehabilitation, memory care, respite and hospice services to patients following hospital stays, surgery, illness or injury. The facility provides around-the-clock nursing and chronic disease management with on-site clinical support. Cedar Haven Acquisition, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-00118) on January 16, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Henry W. Van Eck handles the case. The Debtor is represented by Robert E. Chernicoff, Esq. of Cunningham, Chernicoff & Warshawsky, PC. CELEST INVESTMENTS: Starts Chapter 11 Bankruptcy in Massachusetts ----------------------------------------------------------------- On January 29, 2026, Celest Investments LLC filed for Chapter 11 protection in the District of Massachusetts. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Celest Investments LLC Celest Investments LLC is a limited liability company. Celest Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40084) on January 29, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Chief Judge Elizabeth D. Katz handles the case. CHEROKEE HOLDINGS: Case Summary & Four Unsecured Creditors ---------------------------------------------------------- Debtor: Cherokee Holdings, LLC 3950 Pinson Valley Parkway Birmingham, AL 35217 Business Description: Cherokee Holdings, LLC is a single-asset real estate company based in Birmingham, Alabama. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 26-00397 Judge: Hon. D Sims Crawford Debtor's Counsel: Stuart Memory, Esq. MEMORY MEMORY AND CAUSBY LLP 469 S McDonough Street Montgomery, AL 36104 Tel: (334) 834-8000 E-mail: smemory@memorylegal.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jeff Gilmer and Steve Dickey as members. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4WCHMJI/Cherokee_Holdings_LLC__alnbke-26-00397__0001.0.pdf?mcid=tGE4TAMA CHICKASHA HOSPITALITY: Case Summary & Six Unsecured Creditors ------------------------------------------------------------- Debtor: Chickasha Hospitality Inc. 29356 Las Brisas Rd. Valencia, CA 91354 Business Description: Chickasha Hospitality Inc. holds fee simple ownership of the Quality Inn Hotel located at 2101 S. 4th Street, Chickasha, Oklahoma, with the property currently valued at $2.5 million. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Western District of Oklahoma Case No.: 26-10318 Judge: Hon. Janice D Loyd Debtor's Counsel: Stephen J. Moriarty, Esq. FELLERS SNIDER, ET AL 100 N. Broadway Ave. Oklahoma City, OK 73102-9015 Tel: 405-232-0621 Total Assets: $2,590,950 Total Liabilities: $4,066,801 The petition was signed by Rafi Talukder as owner. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VM33B4A/Chickasha_Hospitality_Inc__okwbke-26-10318__0001.0.pdf?mcid=tGE4TAMA CIRCLE FURNITURE: Seeks Chapter 11 Bankruptcy in Massachusetts -------------------------------------------------------------- On January 30, 2026, Circle Furniture Holdings, Inc. voluntarily filed for Chapter 7 bankruptcy in the District of Massachusetts. According to court documents, the Debtor owes between $10 million and $50 million to 200–999 creditors. About Circle Furniture Holdings, Inc. Circle Furniture Holdings, Inc., doing business as Circle Furniture, was a family‑owned home furnishings retailer based in Acton, Massachusetts. Established in the early 1950s, the company built a reputation for offering quality furniture crafted from sustainable materials and backed by personalized design services. Circle Furniture Holdings, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40097) on January 30, 2026. The company reports estimated assets ranging from $1 million to $10 million and estimated liabilities between $10 million and $50 million. The Honorable Chief Judge Elizabeth D. Katz presides over the case. The Debtor is represented by David B. Madoff, Esq. of Madoff & Khoury LLP. CLEARSIDE BIOMEDICAL: Hires Deloitte as Tax Services Provider ------------------------------------------------------------- Clearside Biomedical, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Deloitte Tax LLP as tax advisory services provider. The firm's services include: a) 2024 Tax Consulting Engagement Letter, 2025 Tax Consulting Engagement Letter and 2026 Tax Consulting Engagement Letter. Pursuant to the terms and conditions set forth in these respective letters, Deloitte Tax will provide the Debtor with federal, foreign, state, and local tax advisory services, as requested by the Debtor, through December 31, 2026. b) Tax Advisory SOW. Pursuant to the terms and conditions set forth in the Tax Advisory SOW, Deloitte Tax will provide the Debtor with assistance in connection with the Georgia Department of Revenue's examination of the Debtor for the tax years ended December 31, 2020 through December 31, 2022, as requested by the Debtor and agreed by Deloitte Tax. c) Tax Restructuring SOW. Pursuant to the terms and conditions set forth in the Tax Restructuring SOW, Deloitte Tax will perform tax advisory services with respect to Debtor's chapter 11 bankruptcy filing, as follows: i. Advise the Debtor as it consults with its legal and financial advisors on the cash tax effects of bankruptcy and the post-bankruptcy tax profile, including plan of reorganization tax costs, and the cash tax effects of the chapter 11 filing and emergence transaction. This would include obtaining an understanding of Debtor's financial advisors' valuation model to consider the tax assumptions contained therein; ii. Advise the Debtor regarding the bankruptcy emergence process from a tax perspective, including analyzing various structuring alternatives and modification of debt; iii. Advise the Debtor on the cancellation of debt income for tax purposes under Internal Revenue Code ("IRC") section 108, including cancellation of debt income generated from the bankruptcy emergence transaction; iv. Advise the Debtor on post-bankruptcy tax attributes (e.g., tax basis in assets and net operating loss carryovers) available under the applicable tax regulations and the reduction of such attributes based on the Debtor's operating projections; including a technical analysis of the effects of Treasury Regulation Section 1.1502-28 and the interplay with IRC sections 108 and 1017; v. Advise the Debtor on net built-in gain or net built-in loss position at the time of "ownership change" (as defined under IRC section 382), including limitations on use of tax losses generated from post-bankruptcy asset sales; vi. Advise the Debtor on the effects of tax rules under IRC sections 382(l)(5) and (l)(6) pertaining to the post-bankruptcy net operating loss carryovers and limitations on their utilization, and Debtor's ability to qualify for IRC section 382(l)(5); vii. Advise the Debtor as to the treatment of post-petition interest for federal and state income tax purposes, including the applicability of the interest limitations under IRC section 163(j); viii. Advise the Debtor as to the state and federal income tax treatment of prepetition and post-petition reorganization costs including restructuring related professional fees and other costs, the categorization and analysis of such costs, and the technical positions related thereto; ix. Advise the Debtor as to the state and federal income tax treatment of prepetition and post-petition reorganization costs including restructuring related professional fees and other costs, the categorization and analysis of such costs, and the technical positions related thereto; x. Advise the Debtor on state income tax treatment and planning for bankruptcy provisions in various jurisdictions including cancellation of indebtedness calculations, adjustments to tax attributes and limitations on tax attribute utilization; xi. Advise the Debtor on responding to tax notices and audits from various taxing authorities; xii. Assist the Debtor with identifying potential tax refunds and advise the Debtor on procedures for tax refunds from tax authorities; xiii. Advise the Debtor on income tax return reporting of bankruptcy issues and related matters; xiv. Assist the Debtor with documenting as appropriate, the tax analysis, development of the Debtor's opinions, recommendation, observations, and correspondence for any proposed restructuring alternative tax issue or other tax matter described above (does not include preparation of information for tax provision or financial reporting purposes); xv. Advise the Debtor regarding other state, federal, or international income tax questions that may arise in the course of this engagement, as requested by the Debtor, and as may be agreed to by Deloitte Tax; xvi. Advise the Debtor in its review and analysis of the tax treatment of items adjusted for financial reporting purposes as a result of "fresh start" accounting as required for the emergence date of the U.S. financial statements in an effort to identify the appropriate tax treatment of adjustments to equity (including issuance of new equity, options, and/or warrants); and other tax basis adjustments to assets and liabilities recorded; xvii. As requested by the Debtor and as may be agreed to by Deloitte Tax, advise the Debtor regarding other state or federal income tax questions that may arise in the course of this engagement; and xviii. Tax Compliance Engagement Letter. Pursuant to the terms and conditions set forth in the Tax Compliance Engagement Letter, Deloitte Tax will assist the Debtors in (i) preparing their returns for the 2025 tax year for the entities included on Exhibit A to the Tax Compliance Engagement Letter, (ii) calculating the amounts of extension payments and preparing the extension requests for the 2025 tax returns identified in Exhibit A, and (iii) calculating 2026 quarterly estimated tax payments as needed. Upon the Debtor's request, Deloitte Tax may perform services that are outside the scope of those services contemplated at the time the parties executed the Tax Compliance Engagement Letter (collectively, the "Out of Scope Services"). The firm will be paid at these rates: Partner/Principal/Managing Director $910 to $1,275 per hour Senior Manager $815 to $1,125 per hour Manager $690 to $950 per hour Senior $575 to $825 per hour Staff $465 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Hakerem 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: Jason Hakerem Deloitte Tax LLP 1230 Peachtree Street NE, Suite 3100 Atlanta, GA, 30309 Tel: (404) 220-1500 About Clearside Biomedical, Inc. Clearside Biomedical, Inc. is a biopharmaceutical firm specializing in the development and commercialization of treatments for eye diseases. Clearside Biomedical Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12109) on November 23, 2025. In its petition, the Debtor reports estimated assets of up to $10 million and estimated liabilities of up to $100 million. The Debtor tapped Cooley LLP and Richards, Layton & Finger, PA as counsel; Epiq Corporate Restructuring, LLC as administrative advisor; and Berkeley Research Group, LLC as financial advisor. CNY SEALCOATING: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of New York issued an interim order authorizing CNY Sealcoating & Concrete, LLC to use cash collateral. The Debtor's cash collateral includes proceeds from pre-petition loans held by the U.S. Small Business Administration, which has first-lien security on all collateral. The total secured indebtedness under the SBA loans is approximately $1,510,768. Under the interim order, the Debtor is authorized to use cash collateral only in accordance with the approved budget, with deviations of up to 15% permitted cumulatively. Payments to Utica College are explicitly excluded at this time. As adequate protection, the SBA will be granted replacement and additional liens on all property of the Debtor to the extent of any diminution in value of pre-petition collateral, as well as a superpriority administrative claim under 11 U.S.C. section 507(b). These liens are automatically perfected, and the Debtor must provide periodic accountings if there is a material deviation from the budget. Monthly adequate protection payments to the SBA are set at $3,178, amortized over 30 years at 6.75%, and the Debtor will pay the Subchapter V Trustee $1,000 per month up to $5,000, held in escrow. Nothing in the order limits the SBA from seeking further relief or modifying terms with proper notice. A final hearing is scheduled for February 24, with objections must be filed by February 17. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/twN6o from PacerMonitor.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. CONGREGATION TEFILA: Hires Bronson Law Offices as Counsel --------------------------------------------------------- Congregation Tefila Lemoshe Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Bronson Law Offices P.C. to handle its Chapter 11 case. The firm will be paid at these rates: H. Bruce Bronson, Esq., Attorney $550 per hour Paralegal $150 to $250 per hour The firm received a retainer in the amount of $15,000. Mr. Bronson 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: H. Bruce Bronson, Esq. Bronson Law Offices, PC 480 Mamaroneck Ave. Harrison, NY 10528 Telephone: (914) 269-2530 Facsimile: (888) 908-6906 Email: hbbronson@bronsonlaw.net About Congregation Tefila Lemoshe Inc. Congregation Tefila Lemoshe Inc. is a Jewish religious organization based in Spring Valley, New York, providing daily and weekly religious services, including Daf Yomi classes, under the leadership of Rabbis Meshulem Nussen Spiegel and Avrohom Neuberger, and operating as a 501(c)(3) nonprofit entity. Congregation Tefila Lemoshe Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22933) on October 1, 2025. In its petition, the Debtor reports total assets of $1,400,000 and total liabilities of $434,992. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by H Bruce Bronson, Esq. of BRONSON LAW OFFICES PC. COOL FREAKIN': Case Summary & Six Unsecured Creditors ----------------------------------------------------- Debtor: Cool Freakin' Genius LLC 9229 Sunset Blvd., 8th Floor Los Angeles CA 90069 Business Description: Cool Freakin' Genius LLC, based in Los Angeles, California, develops, markets, and sells hair-care products including shampoos, conditioners, styling treatments, and related personal care items through its direct-to-consumer website and professional salon channels, operating within the cosmetics and hair-care industry. The Company was founded and is managed by Kyara Mascolo, a hair-care industry veteran. Its business includes product formulation, brand development, and the commercialization of hair-care lines targeted at both consumers and professional stylists. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11023 Debtor's Counsel: Bernard R. Given, II, Esq. LOEB & LOEB LLP 10100 Santa Monica Blvd., 22nd Floor Los Angeles, A 90067 Tel: (310) 282-2000 Fax: (310) 282-2200 E-mail: bgiven@loeb.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Kyara Mascolo as manager. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FEDBNUI/Cool_Freakin_Genius_LLC__cacbke-26-11023__0001.0.pdf?mcid=tGE4TAMA CRUISING KITCHENS: Seeks to Sell Furniture/Equipment in Garage Sale ------------------------------------------------------------------- Cruising Kitchens, LLC, seeks approval from the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. On January 30, 2026, the Court entered an order approving the joint administration of the Debtor's case with the Chapter 11 case of Cameron & Mary Davies. On February 2, 2026, the Debtor filed a Motion to Reject Commercial Real Property Lease, seeking to reject a commercial real property lease with Bridge Over Troubled Water, LLC for premises located at 702 San Fernando, 711 Guadalupe, 615-715 S. Comal, 813 S. San Fernando, and 801-802 S. San Fernando (Premises). As stated in the Rejection Motion, the Debtor has a substantial amount of used furniture, equipment, and materials at the Premises that are not needed for the Debtor's operations and would be a burden to the estate to move and store. On January 23, 2026, the Debtor filed a Motion for Final Orders Authorizing Debtor to Use Cash Collateral and Granting Adequate Protection to Pre-Petition Lender, which identified James Michelle, LLC (JML) as the Debtor's only secured "blanket" lien holder with outstanding debt of approximately $325,000. The Debtor seeks authority to sell certain personal property located at the Premises in a "garage sale" format and that all property transfer free and clear of all interests. The property to be sold consists of the following items: a. 22 desk chairs b. 9 desks c. 3 office supply end tables d. 3 office free standing shelves e. 2 shop/metal cabinets f. 4 large format printers g. 1 golf cart h. 1 row of shop metal shelving i. 1-4 ft refrigerator j. 1 commercial refrigerator k. 3 spools of miscellaneous wire l. 1 commercial hamburger press m. 1-4 station commercial fryer n. 1 extraction fan o. 1 3 ton AC unit complete p. 8 gym mats q. 2 free standing pull up bars r. 1 commercial light/camera boom s. 2 AYRO electric vehicles t. 1 large roll of outdoor turf carpet u. Over 1000 tee shirts in boxes v. 20 ft aluminum table w. 1-4 post car lift x. 1 vending machine y. 3 wide format printers z. 2 10x10 aluminum stages/AC stands and aa. 1 tee shirt 6 station screen print machine The Debtor proposes to conduct the sale at the Premises prior to surrendering possession to the landlord, which the Debtor anticipates will occur no later than February 18, 2026, as indicated in the Rejection Motion. The proposed sale of the Property is in the best interest of the Debtor's estate and its creditors. The Debtor submits that the proposed sale represents a sound exercise of the Debtor's business judgment and should be approved. Debtor will advertise the sale at least three days prior to the sale on Face Book Market Place, Offer Up, and on Craigs List. About Cruising Kitchens LLC Cruising Kitchens LLC is a San Antonio-based manufacturer of custom food trucks and trailers. Cruisng Kitchens LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-50001) on January 2, 2026. In its petition, the Debtor reports $3.4 million in assets and $14.7 million in liabilities. Honorable Bankruptcy Judge Michael M. Parker handles the case. The Debtor is represented by Ronald J. Smeberg, Esq. of Smeberg Law Firm, PLLC. CURRY INVESTMENTS: Seeks Chapter 11 Bankruptcy in Missouri ---------------------------------------------------------- On January 22, 2026, Curry Investments LLC filed for Chapter 11 protection in the Western District of Missouri. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Curry Investments LLC Curry Investments LLC is a U.S. company engaged in real estate investment and property leasing activities, classified in the real estate lessor sector. Curry Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30019) on January 22, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Brian T. Fenimore handles the case. The Debtor is represented by Bradley D. McCormack, Esq., of Sader Law Firm LLC. DCA OUTDOOR: Court OKs Machinery Sale at Auction ------------------------------------------------ The U.S. Bankruptcy Court for the Western District of Missouri has granted DCA Outdoor Inc. and its affiliates, to sell machineries at auction, free and clear of liens, claims, interests, and encumbrances. The Debtors consist of 20 different entities that together form a so-called "vertically integrated" nursery operation. The Debtors are generally classified into one of five categories based upon such Debtor's primary function. The Debtor wishes to sell excess machinery and equipment through a public online auction that is outside of the contemplated sales previously filed with the Court. The Assets are owned by some or all of the Land Debtors, Production Debtors, Distribution Debtors, and Retail Debtors and include machinery and equipment that is not necessary for the operation of any Debtor's business. The Court has authorized the Debtor to sell excess machinery and equipment through a public online auction utilizing Elting Auction Co. as the auctioneer. The Debtor may conduct additional auctions after providing a Notice of Intent to Auction, along with a listing of the items to be auctioned. The Notice of Intent to Auction shall be filed with the Court and served upon the creditors and other parties of interest. If no timely objection or other response opposing the Notice of Intent to Auction is filed, the Debtors shall be permitted to proceed with the additional auction(s). The sale of the Assets shall be free and clear of any and all mortgages, liens, pledges, hypothecations, security interests, charges, encumbrances, claims, and interests. Compensation paid to Elting Auction Co. for the services rendered in this proceeding shall be subject to the approval of the Court upon the Debtors' application. About DCA Outdoor Inc. Established in 2016, DCA Outdoor Inc. is a vertically integrated green industry organization headquartered in Kansas City, Missouri. DCA Outdoor connects various sectors -- including agricultural production, landscape distribution, retail, agritourism, and transportation -- through its family of brands. The DCA Outdoor family comprises several brands including Schwope Brothers Tree Farms, Utopian Plants, RIO, Anna Evergreen, Brehob Nurseries, KAT Landscape, Colonial Gardens, PlantRight, PlantRight Supply, and Utopian Transport. DCA Outdoor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Miss. Case No. 25-50053) on February 20, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $50 million and $100 million in liabilities. Honorable Bankruptcy Judge Cynthia A. Norton handles the case. The Debtor tapped Larry E. Parres, Esq., at Lewis Rice, LLC as legal counsel and Creative Planning, LLC and its affiliate BerganKDV as audit and tax professionals. Summit Investment Management LLC, as DIP lender, can be reached through Patrick Gilbert. DIOCESE OF ALBANY: Insurer Balks at $8MM Claim Deal in Chapter 11 ----------------------------------------------------------------- Vince Sullivan of Law360 reports that on Tuesday, February 3, 2026, a group of insurers led by Lloyd's of London pushed back against a motion from the Roman Catholic Diocese of Albany seeking authorization for an $8 million abuse judgment, contending the request directly conflicts with an earlier bankruptcy court order prohibiting the entry of judgments against the debtor. The insurers told the court that approving the judgment would undermine the bankruptcy process by giving one claimant preferential treatment and potentially impairing insurance defenses. They said the diocese's proposal threatens to unravel court-approved procedures meant to centralize and manage abuse claims within the Chapter 11 case. About Roman Catholic Diocese of Albany, New York The Roman Catholic Diocese of Albany is a religious organization in Albany, N.Y. It covers 13 counties in Eastern New York, including a portion of the 14th county. Its Mother Church is the Cathedral of the Immaculate Conception in the city of Albany. New York's Child Victims Act, which took effect in August 2019, temporarily sets aside the usual statute of limitations for lawsuits to give victims of childhood sexual abuse a year to pursue even decades-old claims. Hundreds of new lawsuits have been filed against churches and other institutions since the law took effect on Aug. 14, 2019. Facing the financial weight of new sexual misconduct lawsuits, at least four of the eight Roman Catholic dioceses in the state, has already sought Chapter 11 protection. The dioceses that have declared bankruptcy include the Diocese of Rochester and the Diocese of Rockville Centre on Long Island. The Catholic Diocese of Albany sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-10244) on March 15, 2023. In the petition filed by Fr. Robert P. Longobucco, the Debtor estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Judge Robert E. Littlefield, Jr. oversees the case. The Debtor tapped Nolan Heller Kauffman, LLP as bankruptcy counsel; Tobin and Dempf, LLP as special litigation counsel; Keegan Linscott & Associates, PC as financial advisor; and Bonadio & Co., LLP as accountant. Donlin, Recano & Company, Inc. is the claims and noticing agent. On April 17, 2023, the U.S. Trustee for Region 2 appointed two separate committees to represent unsecured creditors and tort claimants in the Debtor's Chapter 11 case. The unsecured creditors' committee tapped Lemery Greisler, LLC as legal counsel; Dundon Advisors, LLC as financial advisor; and OneDigital Investment Advisors, LLC as special investment consultant. Stinson, LLP and OneDigital Investment Advisors serve as the tort committee's legal counsel and special investment consultant, respectively. DIOCESE OF BUFFALO: Insurance Funds Near $165M for Survivors ------------------------------------------------------------ The Catholic Diocese of Buffalo is nearing completion of settling claims for more than 900 survivors of sexual abuse by diocesan priests and other leaders in cases dating back decades. As currently projected, the financial settlement for victims is approaching $315 million, with a significant portion of that funding -- nearly $165 million -- being supplied by insurers of the diocese. Key to the process has been the involvement of the Burns Bair law firm, whose attorneys are nationally recognized for successfully negotiating settlements with insurance providers in the ongoing series of abuse-related diocesan bankruptcies across the nation. That work currently includes negotiations on behalf of those bringing claims against the Archdioceses of Baltimore and San Francisco, the Catholic Dioceses of Albany and Syracuse, New York, as well as those in Oakland, Sacramento, and Santa Rosa, California. "We're pleased with the outcomes we've achieved for those survivors in the Buffalo bankruptcy who have suffered in silence for so long," said Tim Burns, partner at Wisconsin-based Burns Bair. The insurers for the diocese include the Selective Insurance Company of New York, The Continental Insurance Company, Employers Insurance Company of Wausau, Nationwide Insurance Company of America, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company, First State Insurance Company, National Union Fire Insurance Company of Pittsburgh, Pennsylvania, U.S. Fire Insurance Company, Pacific Employers Insurance Company, Aetna Insurance Company, Century Indemnity, and Federal Insurance Company, among others. About Burns Bair LLP Burns Bair is a national law firm that partners with the plaintiffs' bar and bankruptcy trustees to obtain insurance recoveries for sexual abuse survivors and financial fraud and tort victims. About The Diocese of Buffalo N.Y. The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics in eight counties in Western New York. The territory of the diocese is co-extensive with the counties of Erie, Niagara, Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus, and Allegany in New York State, comprising 161 parishes. There are 144 diocesan priests and 84 religious priests who reside in the Diocese. The diocese through its central administrative offices (a) provides operational support to the Catholic parishes, schools, and certain other Catholic entities that operate within the territory of the Diocese "OCE"; (b) conducts school operations through which it provides parish schools with financial and educational support; (c) provides comprehensive risk management services to the OCEs; (d) administers a lay pension trust and a priest pension trust for the benefit of certain employees and priests of the OCEs; and (e) provides administrative support for St. Joseph Investment Fund, Inc. Dealing with sexual abuse claims, the Diocese of Buffalo sought Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb. 28, 2020. The diocese was estimated to have $10 million to $50 million in assets and $50 million to $100 million in liabilities as of the bankruptcy filing. The Honorable Carl L. Bucki is the case judge. The Debtor tapped Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., as counsel; Connors LLP and Lippes Mathias Wexler Friedman LLP as special litigation counsel; Jones Day as special corporate governance counsel; and Phoenix Management Services, LLC as financial advisor. Stretto is the claims agent, maintaining the page: https://case.stretto.com/dioceseofbuffalo/docket The U.S. Trustee for Region 2 appointed a committee of unsecured creditors on March 12, 2020. The committee tapped Pachulski Stang Ziehl & Jones, LLP and Gleichenhaus, Marchese & Weishaar, PC as bankruptcy counsel, and Burns Bair LLP as special insurance counsel. DIOCESE OF OAKLAND: Judge Denies Bid to Defer Atty. Fee Payment --------------------------------------------------------------- Randi Love of Bloomberg Law reports that a bankruptcy judge on Wednesday, February 3, 2026, blocked the Diocese of Oakland's effort to postpone payments to attorneys until the end of its Chapter 11 case, which has been stalled for months. The diocese had requested a 100% monthly holdback on interim legal fees, effectively freezing payments to lawyers funded by the estate. Judge William J. Lafferty denied the motion without prejudice in the U.S. Bankruptcy Court for the Northern District of California, according to report. Lawyers for a committee representing about 350 sex abuse claimants are among those impacted, illustrating the ongoing tension between the diocese and creditors over the timing and administration of legal expenses, reports Bloomberg Law. About Roman Catholic Bishop Of Oakland The Roman Catholic Bishop of Oakland, a tax-exempt religious organization, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-40523) on May 8, 2023. In the petition signed by Bishop Michael Charles Barber, the Debtor disclosed $100 million to $500 million in both assets and liabilities. Judge William J. Lafferty oversees the case. The Debtor tapped Foley & Lardner LLP as legal counsel and Alvarez & Marsal North America, LLC as restructuring advisor. Kurtzman Carson Consultants LLC is the Debtors' claims and noticing agent and administrative advisor. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee tapped Lowenstein Sandler, LLP as bankruptcy counsel; Burns Bair LLP as special insurance counsel; and Berkeley Research Group, LLC as financial advisor. DOUGH 4 DAYS: Seeks Chapter 7 Bankruptcy in Florida --------------------------------------------------- On January 31, 2026, Dough 4 Days, LLC filed for Chapter 7 protection in the Northern District of Florida. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About Dough 4 Days, LLC Dough 4 Days, LLC is a Florida-based limited liability company. Public filings do not provide a detailed description of the company's business operations. Dough 4 Days, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40054) on January 31, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. The Honorable Karen K. Specie handles the case. The Debtor is represented by India Footman, Esq., of Footman Law Firm, P.A. EDIBLE ARMSTRONG: Starts Chapter 7 Bankruptcy in Idaho ------------------------------------------------------ On February 2, 2026, Edible Armstrong Inc. filed for Chapter 7 protection in the District of Idaho. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 50-99 creditors. About Edible Armstrong Inc. Edible Armstrong Inc. is a Boise, Idaho‑based frozen dessert manufacturer known for producing high‑protein, low‑sugar ice cream under the Killer Whey brand. Edible Armstrong Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00081) on February 2, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Noah G. Hillen handles the case. The Debtor is represented by D. Blair Clark, Esq. ELETSON HOLDINGS: Gets Court OK to Pursue Former Officials' Arrest ------------------------------------------------------------------ Alex Wittenberg of Law360 reports that in the Chapter 11 bankruptcy of international shipping firm Eletson Holdings Inc., a New York federal judge has allowed the debtor to pursue arrest and incarceration orders against former company directors and others who have allegedly ignored deposition subpoenas. The ruling from the U.S. Bankruptcy Court for the Southern District of New York authorizes more aggressive enforcement of discovery obligations after repeated failures to appear. Eletson told the court that obtaining testimony from former officials is critical to advancing contested matters in its bankruptcy case and that existing sanctions have not secured compliance. With the judge’s approval, the company may now seek arrest warrants as part of its efforts to compel cooperation and move its reorganization forward, the report states. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ENGLEWOOD HOSPITALITY: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------- Englewood Hospitality, LLC and its affiliates received another extension from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral. The court issued a second interim order authorizing the Debtors to use cash collateral through March 20 to pay expenses in accordance with an approved budget, subject to a 10% variance. As adequate protection for any collateral diminution, secured creditors including Connect One Bank, the U.S. Small Business Administration and merchant cash advance lenders will receive replacement liens on post-petition property, matching the validity and priority of their pre-petition liens. The liens are automatically perfected, exclude avoidance action proceeds, and are subordinate to the fee carveout. As additional protection, secured creditors may also assert a superpriority claim under section 507(b) of the Bankruptcy Code, subject to the Debtors' defenses. The order imposes detailed reporting, insurance, and payment obligations on the Debtors and sets forth specific events of default that could terminate cash collateral use. A final hearing is scheduled for March 17, with objections due by March 10. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/pRLww from PacerMonitor.com. About Englewood Hospitality LLC Englewood Hospitality, LLC operates a restaurant in Englewood, New Jersey, and Lefkes Delray LLC runs a restaurant in Delray, Florida, with both participating in the full-service restaurant industry. Englewood Hospitality filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.N.J. Case No. 25-22962) on December 8, 2025, with $534,205 in assets and $1,308,989 in liabilities. Georgia Dumas, founder and managing partner, signed the petition. Andreas Koutsoudakis, Esq., and Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP represents the Debtor as legal counsel. FAIRFIELD WILLIAMSBURG: Seeks to Sell Real Estate Biz at Auction ---------------------------------------------------------------- The Fairfield Williamsburg Property Owners Association, Inc., seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia, Newport News Division, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. Debtor is a nonstock corporation organized under the laws of the Commonwealth of Virginia pursuant to Articles of Incorporation filed with the State Corporation Commission of the Commonwealth of Virginia on April 2, 1985. The Association was formed pursuant to a Project and Time-Share Instrument for Fairfield Williamsburg filed on June 4, 1985, in Book 417, at Page 503 et seq., in the Office of the Clerk of Court for York County, Virginia, and subsequently amended through a series of supplements and amendments. The Association is governed by a Board of Directors. The members of the Board are Dan MacLaughlin, President; Chris Munroe, Vice President; and Daniel Northover, Secretary/Treasurer. The property governed by the Association includes 41 buildings (containing 196 Time-Share Units) and their concomitant common areas on a site commonly known as 220 House of Burgess Way, Williamsburg, VA. The 41 buildings were constructed and added to the Time-Share Project in six phases. Each building has two floors and contains four or six Time-Share Units subject to a Time-Share Estate. Each Time-Share Unit consists of 52 Time-Share Estates. However, per Article X of the Declaration, two of the Time-Share Estates in each Time-Share Unit were set aside as maintenance weeks and those are owned by the Association. Common Elements at the Property include resort style amenities. Recreational improvements include a reception building and fitness center, an outdoor pool and pool building, a spa, a basketball court, barbeque grill areas, a fire pit, and playground equipment. All the TimeShare Units are fully furnished, and each contains a full kitchen. Thus, the Association owns approximately 393 Time-Share Estates at the Property, which comprises approximately 3.86% of the Total-Share Estates at the Property (the Time-Share Estates owned by the Association are sometimes referred to as the maintenance weeks). The Association owns Association Interests as a tenant-in-common with all other Time-Share Owners. The Association also owns Common Elements at the Property as a result of certain deeds from the developer. PTVO Owners Association, Inc. owns 5,103 Time-Share Estates at the Property, which is approximately 50.07% of the total Time-Share Estates at the Property. Worldmark by Wyndham, The Club owns 677 Time-Share Estates at the Property, which is approximately 6.64% of the total Time-Share Estates at the Property. Wyndham Vacation Resorts, Inc. owns 717 Time-Share Estates at the Property, which is approximately 7.03% of the total Time-Share Estates at the Property. The remaining 3,302 Time-Share Estates (32.40% of the total Time-Share Estates eligible to vote) are owned by other individuals, with each Time-Share Estate having its own separate corresponding contract. Debtor seeks authority to market the Property according to the Bidding Procedures in advance of the Section 363(h) Proceedings. The Debtor intends to file an application to retain Hilco Real Estate, LLC as its real estate broker to market the Property. The Debtor seeks approval of the Bidding Procedures to establish an open process for the solicitation, receipt, and evaluation of Bids in a fair, accessible, and expeditious manner. The Debtor seeks to sell the Property to the highest and best bidder to maximize value for the bankruptcy estate. The Bidding Procedures are designed to generate the highest or otherwise best available recoveries to Debtor’s stakeholders by encouraging prospective bidders to submit competitive, value-maximizing Bids. Debtor believes that the Bidding Procedures and the timeline are in the best interests of Debtor's bankruptcy estate, will establish the extent of the market for the Property, and provide interested parties with sufficient opportunity to participate. Overview of the terms and conditions of the Bidding Procedures is also provided as Exhibit 1. https://urlcurt.com/u?l=4ZM8y5 The Auction for the Property, if needed, will be conducted virtually via Zoom on May 19, 2026, at 3:00 p.m. prevailing Eastern Time. The Debtors respectfully submit that the proposed Bidding Procedures will encourage competitive bidding, are appropriate under the relevant standards governing auction proceedings in bankruptcy proceedings and are consistent with the controlling legal standard in the Fourth Circuit. About Fairfield Williamsburg Property Owners Association Fairfield Williamsburg Property Owners Association is a nonprofit organization responsible for the administration and management of the Fairfield Williamsburg neighborhood. Fairfield Williamsburg Property Owners Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-51179) on December 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The Debtor tapped Neil E. McCullagh, Esq., at Spotts Fain PC and Daniel M. Eliades, Esq., at K&L Gates LLP as counsel. FIRST BRANDS: Creditors Seek OK to Hire Nardello to Probe Fraud --------------------------------------------------------------- Yun Park of Law360 reports that the unsecured creditors' committee in First Brands Group’s bankruptcy case has asked a Texas judge to authorize the retention of Nardello & Co. to investigate what it characterizes as extensive fraud and looting prior to the auto parts maker's Chapter 11 filing. The creditors contend that suspicious financial transactions and governance failures warrant a thorough forensic review. In its filing, the committee said engaging Nardello would allow it to assess potential claims against insiders or third parties and determine whether further legal action is justified. The creditors maintain that the proposed engagement is necessary to fulfill their fiduciary duties and maximize recoveries for stakeholders. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FIRST BRANDS: Examiner Hires Okin Adams as Legal Counsel -------------------------------------------------------- Martin De Luca, the Examiner for First Brands Group, LLC and affiliates, seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Okin Adams Bartlett Curry LLP as counsel. The firm will provide these services: (a) represent and assist the Examiner and his other retained professionals in the discharge of the Examiner's duties and responsibilities under the Examiner Order, other orders of this Court, and applicable law; (b) assist the Examiner and his other retained professionals in the preparation of reports, motions, applications, notices, orders and other documents necessary in the discharge of the Examiner's duties; (c) represent the Examiner at hearings and other proceedings before this Court,and to the extent necessary, any other court; (d) analyze and advise the Examiner regarding any bankruptcy issues that arise in connection with the discharge of his duties; (e) assist the Examiner and his other retained professionals with interviews, examinations, and the review of documents and other materials in connection with the Examiner's investigation; (f) perform all other necessary legal services on behalf of the Examiner in connection with his duties in the Cases; and (g) assist the Examiner and his other retained professionals in undertaking any additional tasks or duties that the Court might direct. The firm will be paid at these rates: Matthew S. Okin, Partner $985 per hour Ryan A. O'Connor, Partner $700 per hour Madeline M. Schmidt, Associate $470 per hour Legal Assistants $145 $165 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Okin 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 S. Okin, Partner Okin Adams Bartlett Curry LLP 1113 Vine Street, Suite 240 Houston, TX 77002 Tel: (713) 228-4100 Fax: (346) 247-7158 About First Brands Group, LLC Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FIRST BRANDS: Founder Denies Fraud Charges, Pleads Not Guilty ------------------------------------------------------------- Chris Dolmetsch and David Voreacos of Bloomberg News report that Patrick James, the founder of First Brands, and his brother Edward pleaded not guilty Wednesday to federal fraud charges and now face a July 13 trial in New York arising from the collapse of the auto-parts supplier. The pleas were entered before a federal magistrate judge, and U.S. District Judge Analisa Torres later set the trial date. According to prosecutors, the James brothers used falsified and overstated invoices to secure billions of dollars in financing from lenders, according to report. The two former executives were arrested in Ohio last week after a federal grand jury returned an indictment. Prosecutors say the alleged conduct misled creditors and played a central role in the company's financial unraveling, the report states. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FOR THE WIN: Case Summary & 16 Unsecured Creditors -------------------------------------------------- Debtor: For the Win Ventures, LLC Homes for the Win 13492 Research Blvd Ste 120-257 Austin, TX 78750-2252 Business Description: For the Win Ventures, LLC, doing business as Homes for the Win, based in Austin, Texas, provides real estate solutions by assisting homeowners in selling residential properties, particularly in situations involving foreclosure, probate, divorce, or property damage. The Company acquires such properties as part of its operations and works with municipal and federal agencies to address liens and other legal matters. It operates in the real estate services industry, specializing in transactions and property-related solutions. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-10202 Judge: Hon. Shad M Robinson Debtor's Counsel: An Nguyen, Esq. NGUYEN LAW, PLLC PO Box 150146 Austin TX 78715-0146 Tel: (512) 712-3484 E-mail: bankruptcy@anwinlaw.com Total Assets: $717,273 Total Liabilities: $3,053,012 The petition was signed by Linda Pedersen as managing member. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DYJNDIA/For_the_Win_Ventures_LLC__txwbke-26-10202__0001.0.pdf?mcid=tGE4TAMA FRANCISCAN FRIARS: Reaches $20MM Bankruptcy Deal w/ Abuse Claimants ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that the Franciscan Friars of California Inc. and several affiliated entities have reached a $20 million global settlement with a committee representing clergy sex abuse claimants, positioning the debtor to move forward with a Chapter 11 exit strategy. The parties are jointly developing a proposed plan of reorganization and related voting procedures, including provisions that may permit claimants to opt out of the settlement, friars counsel Robert G. Harris said during a Wednesday, February 4, 2026, status hearing. The deal would permit the friars to exit bankruptcy while retaining control of their assets and maintaining adequate funding for future operations, Harris said before Judge William J. Lafferty III of the Northern District of California bankruptcy court, according to report. About Franciscan Friars of California, Inc. Franciscan Friars of California, Inc. is a tax-exempt religious organization in Oakland, Calif. The Debtor was formed to provide religious, charitable, and educational acts, ministry, and service to the poor. Franciscan Friars of California, Inc., filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case No. 23-41723) on Dec. 31, 2023, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. David Gaa, OFM, president of the Debtor, signed the petition. Judge William J. Lafferty oversees the case. The Debtor tapped Binder Malter Harris & Rome-Banks LLP as bankruptcy counsel; Hanson Bridgett LLP, Weintraub Tobin Chediak Coleman Grodin Law Corporation, and Bledsoe, Diestel, Treppa & Crane LLP as special counsel; and GlassRatner Advisory & Capital Group LLC, doing business as B. Riley Advisory Services, as financial advisor. Donlin, Recano & Company, Inc. is the Debtor's administrative advisor. The U.S. Trustee appointed an official committee of unsecured creditors. The committee selected Lowenstein Sandler LLP and Keller Benvenutti Kim LLP as counsel and Berkeley Research Group, LLC as its financial advisor. FULLER'S SERVICE: Seeks to Sell Vehicles to Highest Bidder ---------------------------------------------------------- N. Neville Reid, not individually, but solely in his capacity as chapter 11 trustee of the bankruptcy estate of Fuller's Service Center Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. After his appointment, the Trustee received notice from Heartland Bank and Trust Company, which had historically provided a working capital line of credit to help fund the Debtor's operating cash flow deficits, that it would not extend or renew that line of credit when it expires on March 11, 2026. Prior to the Petition Date, the Debtor had an ownership interest in three motor vehicles as listed on Exhibit A (https://urlcurt.com/u?l=ZWEKwH). Only one of the vehicles is encumbered by any direct indebtedness to a lender with a lien on title; the remainder are unencumbered. After reviewing the Debtor's vehicle inventory, and mindful of the Debtor's ongoing need to cover potential cash flow deficits arising from operations, Mr. Goetz determined that the Vehicles are not needed for the core operation of the Debtor’s business and could be sold to generate approximately $72,441.00 in additional working capital. The Trustee determined that selling the Vehicles is in the best interests of the Estate since they are not needed for operations and their sale will generate working capital that may not be available by other means. The Trustee seeks approval and authorization to sell the motor vehicles to CarMax or any bidder the Trustee determines offers a higher and better offer. If any party would like to submit an offer for one or more of the Vehicles, the Trustee will review and compare that offer against any offer made by CarMax. One of the Vehicles is encumbered by a lien securing an auto loan balance of approximately $45,559 owed to US Bank. Based on the depreciating value of the motor vehicles and costs associated with insuring and maintaining the vehicles, and the consent from or adequate protection afforded to the Secured Creditors, the Trustee requests that notice be shortened from 21 days' notice to seven days' notice for cause shown. About Fuller's Service Center Inc. Fuller's Service Center, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-01345) on January 29, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Douglas A. Fuller Jr., president of Fuller's Service Center, signed the petition. Judge Deborah L. Thorne oversees the case. David K. Welch, Esq., at Burke, Warren, MacKay & Serritella, P.C., is the Debtor's legal counsel. Heartland Bank & Trust Company, as secured creditor, is represented by Michael A. O'Brien, Esq., at O'Brien Law Offices, P.C., in Wheaton, Illinois. G D FAMILY: Seeks to Hire Larson & Zirzow as Legal Counsel ---------------------------------------------------------- G D Family Inc., d/b/a Hobak BBQ Restaurant, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Larson & Zirzow, LLC to serve as legal counsel. The firm will provide these services: (a) prepare on behalf of the Debtor all necessary or appropriate motions, applications, answers, orders, reports, and other papers in connection with the administration of the Debtor's bankruptcy estate; (b) take all necessary or appropriate actions in connection with a plan of reorganization and all related documents, and such further actions as may be required in connection with the administration of the Debtor's estate; (c) take all necessary actions to protect and preserve the Debtor's estate including the prosecution of actions on the Debtor's behalf, the defense of any actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections to claims filed against the Debtor's estate; and (d) perform all other necessary legal services in connection with the prosecution of the Chapter 11 Case. L&Z's principals Matthew C. Zirzow, Esq. and Zachariah Larson, Esq. will receive an hourly rate of $650, Benjamin Chambliss, Esq. $500, and paralegal Patricia Huelsman $295. Larson & Zirzow, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Zachariah Larson, Esq. Matthew C. Zirzow, Esq. LARSON & ZIRZOW, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Telephone: (702) 382-1170 Facsimile: (702) 382-1169 E-mail: zlarson@lzlawnv.com mzirzow@lzlawnv.com About G D Family Inc. G D Family Inc. runs Hobak BBQ Restaurant in Las Vegas, Nevada, serving Korean cuisine with a 1980s street-inspired theme, featuring traditional meat displays and warehouse-style interiors, and catering to a younger audience that values both food quality and dining experience. G D Family Inc., d/b/a Hobak BBQ Restaurant, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-10539) on January 29, 2026. At the time of the filing, Debtor had estimated assets of between $0 and $50,000 and liabilities of between $1,000,001 and $10 million. Judge August B. Landis oversees the case. Larson & Zirzow, LLC is Debtor's legal counsel. G.R.O.W. TRUCKING: Seeks Chapter 7 Bankruptcy in Oklahoma --------------------------------------------------------- G.R.O.W. Trucking and Services Co., LLC filed a voluntary Chapter 7 bankruptcy petition on January 27, 2026, in the Western District of Oklahoma. Court filings indicate the company lists liabilities between $1 million and $10 million owed to 50-99 creditors. About G.R.O.W. Trucking and Services Co., LLC G.R.O.W. Trucking and Services Co., LLC is an Oklahoma‑based interstate trucking and logistics company that provides freight transportation services. The firm operates a fleet of trucks and drivers and is authorized to haul general freight across state lines, serving customers throughout the region since its founding in 2019. On January 27, 2026, G.R.O.W. Trucking and Services Co., LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10206). The debtor reported estimated assets of $100,001 to $1,000,000 and estimated liabilities between $1 million and $10 million. Chief Judge Sarah A. Hall presides over the case. Legal representation is provided by Ronald W. Willis, Esq. GARAGESKINS INC: Seeks Chapter 7 Bankruptcy in Idaho ---------------------------------------------------- On January 30, 2026, GarageSkins, Inc. filed for Chapter 7 protection in the District of Idaho. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 200-999 creditors. About GarageSkins, Inc. GarageSkins, Inc. is an Idaho‑based manufacturer of patented wood veneer overlay systems for garage doors that allows homeowners to upgrade the look of standard steel doors with a magnetic, DIY installation. GarageSkins, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20039) on January 30, 2026. In its petition, the Debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Noah G. Hillen handles the case. The Debtor is represented by Matthew W. Grimshaw, Esq., of Grimshaw Law Group, P.C. GENESIS HEALTHCARE: Seeks to Extend Plan Exclusivity to April 17 ---------------------------------------------------------------- Genesis Healthcare, Inc., and its affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 17, 2026. This is the Debtors' second request for an extension of their Exclusive Periods and the Debtors submit that the relevant factors strongly weigh in favor of an extension of the Exclusive Periods. As set forth in the First Exclusivity Extension Motion, the Chapter 11 Cases, comprising 299 Debtors, are sufficiently large and complex to warrant the requested extension of the Exclusive Periods. Certain of the Debtors operate approximately 175 skilled nursing facilities across the United States and are responsible for the care of more than 15,000 residents at those facilities. Thus, the Debtors submit that the size and complexity of the Chapter 11 Cases weigh in favor of granting the requested extension of the Exclusive Periods. The Debtors explain that they have turned their attention to formulating a consensual chapter 11 plan and intend to engage in fulsome negotiations with the Committee prior to filing the same in the near term following entry of the Sale Order. In sum, the continued good faith efforts and progress exhibited by the Debtors in the Chapter 11 Cases thus far support a further extension of the Exclusive Periods. The Debtors claim that the extension of the Exclusive Periods will ensure that they have a full and fair opportunity to continue to negotiate, revise, amend, and file their proposed plan and disclosure statement as necessary following those discussions and negotiations with various parties without the distraction, cost, and delay of a competing plan process. Accordingly, the Debtors submit that this factor weighs in favor of extending the Exclusive Periods. The Debtors cite that they have made and will continue to make timely payments on their undisputed post-petition obligations in the ordinary course, meaning that the requested extension of the Exclusive Periods will not prejudice the legitimate interests of post-petition creditors. As such, this factor also weighs in favor of extending the Exclusive Periods. The Debtors note that they have no ulterior motive in seeking an extension of the Exclusive Periods, nor are they seeking an extension of the Exclusive Periods to pressure or prejudice any of their stakeholders. To the contrary, the Debtors are requesting a further extension of the Exclusive Periods to allow for additional time to engage with and ideally resolve any plan-related disputes with the Committee and other creditors prior to filing their proposed chapter 11 plan and disclosure statement, free from distraction or competing plan proposals. The Debtors believe that they have reasonable prospects for proposing, confirming, and consummating a viable chapter 11 plan following good faith discussions with the Committee regarding the same. The Debtors are currently in the process of finalizing a proposed chapter 11 plan and disclosure statement, with the goal of obtaining consensus across constituencies in advance of filing. The Debtors assert that they currently face hundreds, if not thousands, of unresolved personal injury, wrongful death, and other tort claims filed by current and former residents of their facilities (or representatives thereof), for which the Debtors have established and implemented Court-approved unliquidated claims procedures. The existence of such unresolved contingencies weighs in favor of granting the requested extension of the Exclusive Periods. The Debtors further assert that termination of the Exclusive Periods, particularly at this stage of the Chapter 11 Cases, would adversely impact their efforts to preserve the value of their estates and would further complicate the progression of the Chapter 11 Cases. Such termination may disincentivize creditors from negotiating with the Debtors in connection with the proposed plan and disclosure statement that the Debtors intend to file in the coming weeks. Counsel for the Debtors: Marcus A. Helt, Esq. Jack G. Haake, Esq. Grayson Williams, Esq. MCDERMOTT WILL & EMERY LLP 2801 N. Harwood Street, Suite 2600 Dallas, Texas 75201-1574 Tel: (214) 295-8000 Fax: (972) 232-3098 Email: mhelt@mwe.com jhaake@mwe.com gwilliams@mwe.com - and - Daniel M. Simon, Esq. Emily C. Keil, Esq. William A. Guerrieri, Esq. MCDERMOTT WILL & EMERY LLP 444 West Lake Street, Suite 4000 Chicago, Illinois 60606 Tel: (312) 372-2000 Fax: (312) 984-7700 Email: dsimon@mwe.com ekeil@mwe.com wguerrieri@mwe.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GLOBAL CONCESSIONS: Committee Hires Dobbins Company as Appraiser ---------------------------------------------------------------- The committee of unsecured creditors of Global Concessions Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Dobbins Company as appraiser. The firm will complete an appraisal of the assets of the Debtor; and testifying at any hearing or any deposition regarding its work product. The firm will be paid at the rate of $225 per hour. 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: Rick Dobbins Dobbins Company 1108 Old Chattahoochee Ave. Atlanta, GA 30318 Tel: (404) 352-2638 About Global Concessions Inc. Global Concessions Inc., established in 1990 and headquartered in Atlanta, Georgia, specializes in operating food and beverage concessions, primarily within major transportation hubs across the United States. The Company has expanded its portfolio to include a diverse range of dining experiences, from quick-service partnerships with renowned brands like IHOP Express, Ben & Jerry's, and Nathan's Famous, to unique, stand-alone restaurants such as Sweet Georgia's Juke Joint and One Flew South. Global Concessions Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-53640) on April 2, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. The Debtor tapped Benjamin Keck, Esq., at Keck Legal, LLC as counsel and GlassRatner Advisory & Capital Group, LLC, doing business as B. Riley Advisory Services, as restructuring advisor. GRAN TIERRA: Amends Exchange Offer for 2029 Notes ------------------------------------------------- Gran Tierra Energy Inc. announced the amendment of its previously announced offer to Eligible Holders to exchange any and all of the Company's outstanding 9.500% Senior Notes due 2029 (CUSIP: 38500T AC5 / U37016 AC3; ISIN: US38500TAC53 / USU37016AC37) (the "Existing Notes") for newly issued 9.750% Senior Secured Amortizing Notes due 2031, pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated January 29, 2026. The Company is amending the Exchange Offer to: (i) modify the terms of the Cash Consideration, (ii) increase the coupon rate of the New Notes to 9.750%, (iii) include an amortization schedule for the New Notes, (iv) add a new guarantor and collateral, and (v) modify certain covenants of the New Notes, all as described in further detail in the Supplement to the Exchange Offer Memorandum, dated as of February 5, 2026. As previously announced, simultaneously with the Exchange Offer, the Company is conducting a solicitation of consents from Eligible Holders of Existing Notes to effect certain proposed amendments to the indenture dated as of October 20, 2023, under which the Existing Notes were issued. The Proposed Amendments would provide for, among other things: (i) the elimination of substantially all of the restrictive covenants and associated events of default and related provisions with respect to the Existing Notes, (ii) the release of the collateral securing the Existing Notes and (iii) the amendment of certain defined terms and covenants in the Existing Indenture. The Exchange Offer and Solicitation may be amended, extended, terminated or withdrawn. The New Notes will be issued pursuant to an indenture and will be senior secured obligations. The Company's obligation to accept Existing Notes tendered pursuant to the Exchange Offer and Consents delivered pursuant to the Solicitation is subject to the satisfaction of certain conditions described in the Exchange Offer Memorandum, which include: (i) the non-occurrence of an event or events or the likely non-occurrence of an event or events that would or might reasonably be expected to prohibit, restrict or delay the consummation of the Exchange Offer or materially impair the contemplated benefits to us of the Exchange Offer, (ii) the valid receipt (and not valid revocation) of the Consents of Eligible Holders of Existing Notes that, in the aggregate, represent not less than 66-2/3% in aggregate principal amount of the Existing Notes outstanding to effect the Proposed Amendments prior to 5:00 p.m., New York City time, on February 11, 2026, unless extended or earlier terminated by the Company, in its sole discretion, (iii) the valid tender (and not valid withdrawal) of Existing Notes by Eligible Holders in the Exchange Offer that, in the aggregate, represent not less than 80% in aggregate principal amount of the Existing Notes outstanding prior to the Early Participation Deadline, and (iv) the consummation of an incurrence of new indebtedness, on terms and subject to conditions satisfactory to us, that results in the receipt of net proceeds that are sufficient to pay the Cash Consideration, certain other customary conditions. The Company reserves the right to waive the conditions to the Exchange Offer at any time. Existing Notes tendered for their exchange on or prior to the Early Participation Deadline may be validly withdrawn, and the related Consents may be validly revoked, at any time prior to 5:00 p.m., New York City time, on February 11, 2026, unless extended by the Company, in its sole discretion. As described in the Supplement, the Company is amending the cash portion of the Total Consideration that is payable to all Eligible Holders whose Existing Notes are validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline and whose Existing Notes are accepted for exchange to be equal to US$125.0 million. The Total Consideration and Early Participation Premium remain unchanged. The pro rata portion of the Cash Consideration as part of the Total Consideration for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline, and accepted for exchange, will be determined at the Early Participation Deadline, based on the aggregate amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline. The greater the amount of Existing Notes validly tendered (and not validly withdrawn), the lower the pro rata portion of the Cash Consideration per US$1,000 aggregate principal amount of Existing Notes tendered (and not validly withdrawn). For example: (i) if 100% of the Existing Notes outstanding is validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline, each Eligible Holder will receive, for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn), approximately US$174.50 in cash and approximately US$825.50 in aggregate principal amount of New Notes, and (ii) if 80% of the Existing Notes outstanding is validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline, each Eligible Holder will receive, for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn), approximately US$218.12 in cash and approximately US$781.88 in aggregate principal amount of New Notes. Eligible Holders who validly tender Existing Notes and deliver Consents after the Early Participation Deadline and on or prior to 5:00 p.m., New York City time, on February 27, 2026, unless extended by the Company, in its sole discretion and whose Existing Notes are accepted for exchange by us will receive for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn), US$950 aggregate principal amount of New Notes. Eligible Holders whose Existing Notes are accepted for exchange will be paid accrued and unpaid interest on such Existing Notes from, and including, the most recent date on which interest was paid on such Holder's Existing Notes to, but not including, the Early Settlement Date or the Settlement Date, as applicable, payable on the Early Settlement Date or the Settlement Date, as applicable. Accrued Interest will be paid in cash on the Early Settlement Date or the Settlement Date, as applicable. Interest will cease to accrue on the Early Settlement Date or the Settlement Date, as applicable, for all Existing Notes accepted for exchange in the Exchange Offer. At any time after the Withdrawal Deadline and before the Expiration Deadline, if the Company has received the Consent of Required Holders of Existing Notes, the Company and the trustee under the Existing Indenture may execute and deliver a Supplemental Indenture to the Existing Indenture, which will give effect to the Proposed Amendments to the Existing Notes, that will be effective upon execution but will only become operative upon consummation of the Exchange Offer on the Early Settlement Date. The Company will not receive any cash proceeds from the issuance of the New Notes in the Exchange Offer and the Solicitation. Existing Notes surrendered in connection with the Exchange Offer, and accepted for exchange, will be cancelled. The Exchange Offer is being made, and the New Notes are being offered and issued, only: (a) in the United States to holders of Existing Notes who are reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act of 1933, as amended) in reliance upon the exemption from the registration requirements of the Securities Act, and (b) outside the United States to holders of Existing Notes who are persons other than "U.S. persons" (as defined in Rule 902 under the Securities Act) in reliance upon Regulation S under the Securities Act and who are non-U.S. qualified offerees and eligible purchasers in other jurisdictions as set forth in the Exchange Offer Memorandum. Holders who have returned a duly completed eligibility letter certifying that they are within one of the categories described in the immediately preceding sentences are authorized to receive and review the Exchange Offer Memorandum and to participate in the Exchange Offer and the Solicitation. Holders who desire to obtain copies of the Exchange Offer Memorandum, including copies of the Supplement, and to obtain and complete an eligibility letter should either visit the website for this purpose at www.dfking.com/gte, or call D.F. King & Co., Inc., the Information Agent and Exchange Agent for the Exchange Offer and the Solicitation of Consents at +1 (888) 628-9011 (toll free), +1 (646) 582-9168 (banks and brokers), or email at gte@dfking.com. About Gran Tierra Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. GROFF TRACTOR: Seeks to Extend Plan Exclusivity to April 13 ----------------------------------------------------------- Groff Tractor Mid Atlantic, LLC, and its affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 13 and June 12, 2026, respectively. The Debtors submit that cause exists for extending the Exclusivity Period in these Chapter 11 Cases because the closing of the sale approved by the Sale Order will likely not occur prior to the February 17, 2026 deadline, which is after the expiration on February 11, 2026 of the Debtors' exclusive right to file a Chapter 11 plan of reorganization. Additional time will enable the Debtors to finalize and implement their strategy for emergence from Chapter 11. This is the Debtors' first request for an extension of the Exclusivity Periods. Because of the complexity of these Chapter 11 Cases, an extension of the Exclusivity Periods will give the Debtors sufficient time to continue negotiating terms of a Chapter 11 plan with their stakeholders. The Debtors claim that the purpose in seeking an extension of the Exclusivity Periods is a good-faith effort to continue the reorganization efforts they have initiated without the distraction and costs of a competing plan process. The relief requested in the Motion is not intended for the purpose of coercing or strong arming any creditor, but rather to benefit all of the Estates' stakeholders as a whole. Moreover, an extension of the Exclusivity Periods will not result in prejudice to any creditor or party in interest, and instead, will enable the Debtors to continue focusing on preserving and enhancing their going-concern value and proposing a viable, fair, and comprehensive plan that would be supported by the major constituents. The Debtors believe that if the Court extends the Exclusivity Period, it will give the Debtors time to conclude the Sale process and will clear a path for the Debtors to seek confirmation of a feasible Chapter 11 plan. Counsel to the Debtors: Joshua N. Eppich, Esq. Eric T. Haitz, Esq. BONDS ELLIS EPPICH SCHAFER JONES LLP 420 Throckmorton Street, Suite 1000 Fort Worth, TX 76102 Phone: (817) 405-6900 Fax: (817) 405-6902 Email: joshua@bondsellis.com Email: eric.haitz@bondsellis.com -and- Ken Green, Esq. 402 Heights Boulevard Houston, Texas 77007 Tel: (713) 335-4990 Fax: (713) 335-4991 E-mail: ken.green@bondsellis.com About Groff Tractor Mid Atlantic Groff Tractor Mid Atlantic LLC and subsidiaries operates a network of construction equipment dealerships serving the Mid-Atlantic region of the United States. The Company sells, rents, and services heavy and compact construction machinery, offering parts and attachments for brands such as Wirtgen, Hamm, Vogele, Transtech, Thunder Creek, John Deere Equipment, and TopCon. Groff Tractor Mid Atlantic LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-90010) on Oct. 14, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Joshua N. Eppich, Esq. of BONDS ELLIS EPPICH SCHAFER JONES LLP. HAYWARD INDUSTRIES: Moody's Alters Outlook on 'B1' CFR to Positive ------------------------------------------------------------------ Moody's Ratings affirmed Hayward Industries, Inc.'s (Hayward) ratings including its B1 Corporate Family Rating, B1-PD Probability of Default Rating, and the B2 rating on the company's senior secured first lien term loan due 2028. The outlook was changed to positive from stable. The outlook change to positive reflects Hayward's good earnings and cash flow growth despite a challenging operating environment, supported by its large exposure to resilient aftermarket sales. The company's growing revenue with expanding EBITDA margin supports good free cash flow generation, very good liquidity, and good credit metrics. Hayward's debt-to-EBITDA leverage declined to 3.4x as of the last 12-months (LTM) ending 3Q-2025 from 3.8x at the end of fiscal year 2024. A continuation of good operating execution that sustains the lower leverage would position the company for an upgrade. Hayward estimates that 85% of revenue relates to aftermarket sales, and 50% to maintenance and repairs. The US pools market is experiencing a multi-year cyclical slowdown, with pool starts at levels close to a 10-year low. The company's good operating results since 2024 highlight the benefits of Hayward's resilient and large aftermarket business notwithstanding weak new pool volumes and other challenges such as tariff-related cost increases. Moody's expects that continued stable aftermarket demand will support the company's good profitability, free cash flow, and credit metrics over the next 12-18 months. New pool construction is showing early signs of stabilization, and Moody's estimates US pool starts in 2025 to be flat to slightly lower versus 2024. Hayward is well positioned to benefit from stabilization and potential gradual improvement in new pool volumes. The ratings affirmation reflects risks related to the sustainability of improved credit metrics due to the potential for leveraging acquisitions and the current soft industry environment. Hayward's exposure to new pool construction and remodeling or upgrading activities within aftermarket sales that are highly discretionary in nature create earnings volatility risks when economic and industry conditions weaken. RATINGS RATIONALE Hayward's B1 CFR reflects its strong market position and good brand awareness in the North American pool equipment industry, and its growing presence internationally. The company estimates its large aftermarket business represents about 85% of sales and that 50% of sales relate to maintenance and repairs, which provides some revenue stability. Hayward's good EBITDA margin of over 25% is supported by effective pricing power driven by product quality and innovation, and importance to pool operation, as well as cost vigilance. The healthy EBITDA margin supports good free cash flow generation and very good liquidity, which provides financial flexibility to manage the business seasonality and fund growth investments. Hayward's debt-to-EBITDA leverage is moderate at 3.4x as of LTM 3Q-2025 but subject to volatility related to acquisitions and cyclical earnings swings. The company's financial policy includes targeting a net leverage ratio of 2.0x to 3.0x (based on the company's calculation). Hayward's 1.8x net leverage as of September 2025 is below this level in part due to a high cash balance, and there is the potential for an increase in net leverage over the next year. The ratings also factor Hayward's narrow product focus in the pool equipment industry, and the inherent exposure to cyclical consumer discretionary spending. There is uncertainty around the depth and duration of the ongoing slowdown in the new pools market as consumers continue being selective with discretionary spending amid the cumulative inflation of recent years. The company's large exposure to relatively stable aftermarket sales for maintenance and repair helps to mitigate the cyclicality related to new pool construction and remodeling. Hayward also has high customer concentration, and its cash flows are highly seasonal. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company continues to generate organic revenue growth while maintaining a stable EBITDA margin in the mid-20s percentage range, debt/EBITDA is sustained below 3.5x, and free cash flow/debt is sustained above 10%. A ratings upgrade would also require the company to maintain very good liquidity and financial policies that sustain credit metrics at the above levels. The ratings could be downgraded if revenue and EBITDA deteriorate from factors such as lower demand, higher costs, supply chain disruptions, or pricing pressures, or debt/EBITDA is sustained above 4.5x. The ratings could also be downgraded if liquidity deteriorates, such as growing reliance on the revolver, or if the company pursues a large debt-financed acquisition or shareholder distribution that increases leverage. The principal methodology used in these ratings was Consumer Durables published in December 2025. Hayward's B1 CFR is two notches below the scorecard-indicated outcome reflecting the company's exposure to the highly discretionary residential pools market and cyclical consumer discretionary spending, which create earnings volatility risks. Hayward Industries, Inc. is a manufacturer of swimming pool equipment including pumps, heaters, sanitizers, filters, cleaners, liners and more. Hayward also manufactures equipment that controls the flow of fluids for various industrial end markets. The company's largest market is the US that represents over 75% of sales. Revenue as of the LTM 3Q-2025 was about $1.1 billion. Hayward Holdings, Inc. is the indirect parent company of Hayward Industries, Inc. and its shares are listed in the New York stock exchange under the ticker symbol "HAYW" since going public in March 2021. HEALTHY OCEANS: Hires Law Firm of Stanley A. Zlotoff as Counsel --------------------------------------------------------------- Healthy Oceans Property Company, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Law Firm of Stanley A. Zlotoff, A Professional Corporation as counsel. The firm will provide these services: (a) give Debtor legal advice with respect to its powers and duties as debtor in possession in the continued management of its property; (b) prepare necessary applications, answers, orders, reports, plans, and other legal papers; and (c) perform all other legal services for Debtor as debtor in possession which may be necessary herein. The firm will be paid at the rate of $350 per hour. The retainer is $5,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Zlotoff 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: Stanley A. Zlotoff, Esq. Law Firm of Stanley A. Zlotoff A Professional Corporation 300 S. First St. Suite 215 San Jose, CA 95113 Telephone: (408) 287-5087 Facsimile: (408) 287-7645 Email: zlotofflaw@gmail.com About Healthy Oceans Property Company, LLC Healthy Oceans Property Company, LLC owns real property improved with a seafood manufacturing facility in Santa Cruz, California, including equipment and fixtures related to seafood processing. Healthy Oceans Property Company, LLC in Santa Cruz, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case No. 26-50009) on Jan. 6, 2026, listing $2,113,393 in assets and $1,083,859 in liabilities. Matthew Owens as managing member and CEO, signed the petition. Judge Stephen L Johnson oversees the case. STANLEY A. ZLOTOFF serve as the Debtor's legal counsel. HIGH ZZEAZZZ: To Sell Marina Property to Scot Collins for $2.4MM ---------------------------------------------------------------- High Zzeazzz Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Greenville Division, to sell Property, free and clear of liens, claims, interest, and encumbrances. On October 17, 2025, the Debtor filed a voluntary petition for chapter 11 relief. The Debtor elected to proceed under subchapter V of the bankruptcy code. George M. Oliver was appointed as the subchapter V trustee on October 17, 2025. The Debtor has not filed a chapter 11 plan. The deadline to file the chapter 11 plan is February 16, 2026. If this sale is approved, the Debtor anticipates filing a plan of liquidation that will disburse the proceeds from the sale to secured creditors based upon their lien priorities and in the amounts that existed on the date of relief, and in accordance with the priorities of the bankruptcy code. The property is known as Dowry Creek Marina (Marina). The Marina consisted of docks, 37 marina units, ships store, clubhouse and laundry facilities. At the time of purchase, the Marina needed significant maintenance and repairs. Upon purchase, the Debtor secured financing to make needed repairs and improvements to the Marina. The Debtor repaired the main dock and slips. The Debtor upgraded the marine fuel station. The Debtor installed a pool. The Debtor added living quarters. The Debtor remodeled the clubhouse and ships store. In late 2019, the Debtor decided to build a restaurant at the Marina. Shortly after construction began, the COVID-19 pandemic occurred and construction halted for months. Once construction restarted, labor and supply shortages were common, which further delayed construction. Then inflation became rampant. The costs of labor and supplies drastically increased. This caused significant overruns to the construction budget. This led to the financing of the construction to be exhausted. After operating the Marina and restaurant for over a year, the Debtor realized that continued operations were unsustainable. In 2024, the Debtor employed Leisure Investment Properties Group, LLC (LIPG), to market and sell the Marina. A contract was entered into with a buyer for the Marina in 2025 for $3,200,000.00. However, the sale could not be closed, and the contract was terminated in October 2025. In late November 2025, the Debtor realized that filing a plan of reorganization was not feasible due to the uncertainty of its long term tenants. This led to significant cash flow issues. The Debtor shut down the restaurant to cut expenses. The Debtor transitioned its operations to the bare minimum marina operations. The Debtor instructed LIPG to make a call for offers to purchase the marina in December 2025 with the expiration for offer submission on January 9, 2026. On February 6, 2026, the Debtor entered a contract for purchase of its assets with Scot Collins as Purchaser, and his assigns and successors. The Debtor owns certain real and personal property located at 110 Spinnaker Run Rd., Belhaven, NC 27810. The Property consists of three separate lots and 37 marina units. The Property totals approximately 14.725 acres. The property consists of a marina, ships store, pool, living quarters, restaurant, laundry facilities, clubhouse, marine fuel station, other marine amenities, and raw land. The Debtor scheduled the value of the real property described in the deed as $2,100,000.00. The Debtor has acquired marina unit 33 by way of an unfiled deed and said deed will be filed if the sale is approved and before closing of the sale. The Debtor estimates that these marina units have a combined liquidation value of $60,000.00. The Debtor owns personal property used in its marina and restaurant operations. The personal property includes restaurant equipment, restaurant supplies, pumping equipment, fuel tanks, pool equipment and supplies, laundry machines, point of sale equipment, signage, furniture, and intellectual property, such as website domains and website. The Debtor has negotiated that certain assets are not included in the contract for purchase. The Debtor will retain ownership of the following: (a) all cash in the debtor in possession account; and (b) a pirate ship. The Debtor will assign certain contracts and rental agreements to the Purchaser. In addition to above inclusions, exclusions, and assignments, the contract for purchase is for the amount of $2,400,000.00. The Purchaser has deposited the entire purchase price into escrow with 10% percent of that amount being designated as earnest money. The lienholders of the Property are Bancorp, Adam Mills, Potter Oil and Tire Company, Inc., the Beaufort County Tax Administration, and Dowry Creek Boataminium Association. The Debtor believes that the aggregate value of all liens on the property is $1,641,037.09. Due to the contract price exceeding the value of all liens held on the Property, the Debtor doubts any lienholder will exercise their right under this subsection. The Debtor believes that the contract purchase price is in excess of all liens and encumbrances on the property. The Debtor requests that this sale be free and clear of liens. About High Zzeazzz Inc. High Zzeazzz, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-04096) on October 17, 2025, listing up to $10 million in both assets and liabilities. Stephen Zeltner, president of High Zzeazz, signed the petition. Judge Pamela W. McAfee oversees the case. C.Scott Kirk, Esq., represents the Debtor as legal counsel. HUNTLEY AVENUE: Seeks to Hire RHM Law LLP as Counsel ---------------------------------------------------- Huntley Avenue LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ RHM Law LLP as counsel. The firm will provide these services: a. advice and assistance regarding compliance with the requirements of the United States Trustee ("UST"); b. advice regarding matters of bankruptcy law, including the rights and remedies of the Debtor in regard to its assets and with respect to the claims of creditors; c. advice regarding cash collateral matters; d. examinations of witnesses, claimants or adverse parties and to prepare and assist in the preparation of reports, accounts and pleadings; e. advice concerning the requirements of the Bankruptcy Code and applicable rules; f. negotiation, formulation, confirmation and implementation of a Chapter 11 plan of reorganization; and g. appearances in the Bankruptcy Court on behalf of the Debtor; and to take such other action and to perform such other services as the Debtor may require. The firm will be paid at these rates: Matthew D. Resnick, Partner $725 per hour Roksana D. Moradi-Brovia, Partner $650 per hour W. Sloan Youksetter, Associate $475 per hour Russell J. Strong III, Associate $450 per hour Leslie Davis, Associate $600 per hour Rosario Zubia, Paralegal $175 per hour Priscilla Bueno, Paralegal $175 per hour Rebecca Benitez, Paralegal $135 per hour Susie Segura, Paralegal $135 per hour M. Jonathan Hayes, Senior Bankruptcy Associate $775 per hour The firm will be paid a retainer in the amount of $21,738. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Roksana D. Moradi-Brovia, Esq., a partner at RHM Law 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: Roksana D. Moradi-Brovia, Esq. RHM LAW LLP 17609 Ventura Blvd., Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 Email: roksana@RHMFirm.com About Huntley Avenue LLC Huntley Avenue, LLC is a privately held limited liability company primarily engaged in real estate ownership or investment activities. Huntley Avenue, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21645) 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 case is assigned to Honorable Bankruptcy Judge Barry Russell. The Debtor is represented by Matthew D. Resnik, Esq., of RHM Law LLP. INSPIRED HEALTHCARE: Investors Urged to Act After Chapter 11 Filing ------------------------------------------------------------------- Inspired Healthcare Capital Holdings, LLC and 160 of its affiliates officially filed for Chapter 11 bankruptcy protection in the Northern District of Texas. For investors, this filing is a critical turning point that requires immediate attention and legal strategy. Understanding Inspired Healthcare Capital Based in Scottsdale, Arizona, Inspired Healthcare operated a massive network of investment entities focused on senior living facilities and healthcare real estate. These products--often structured as Delaware Statutory Trusts (DSTs), income funds, and limited partnerships--were marketed to the public as stable, income-generating vehicles. They were particularly popular with investors seeking 1031 exchanges to defer taxes on property sales. However, many of these "alternative investments" were characterized by high leverage, a lack of transparency, and zero liquidity. While investors were told their capital was safe, the underlying reality was often speculative, leaving participants trapped in declining assets with no control over their funds. The Impact of the Chapter 11 Filing A Chapter 11 filing is a business reorganization. While it allows a company to attempt to restructure its debt, it creates a massive hurdle for those seeking a return on their investment. Legally, the "automatic stay" triggered by bankruptcy halts all existing lawsuits directly against Inspired Healthcare. However, this does not stop you from pursuing recovery elsewhere. Many investors are now filing claims against the financial advisors and brokerage firms who sold these high-risk products. These firms had a legal duty to perform due diligence and ensure that Inspired Healthcare investments were suitable for their clients' risk profiles. Why You Must Act Now If you invested in any of the 161 affected entities--including Inspired Senior Living DSTs or IHC Income Funds--time is of the essence. Recovery funds from negligent advisors and firms are not infinite. Being an early filer is often critical, as those who delay may find that available assets or insurance coverage for these claims have been exhausted. How Shepherd, Smith, Edwards & Kantas Can Help Shepherd, Smith, Edwards & Kantas's seasoned securities law firm is already representing dozens of investors in claims for losses related to Inspired Healthcare. With decades of experience and hundreds of millions of dollars recovered for our clients, we understand how to navigate complex bankruptcy-related investment losses. About Inspired Health Capital Fund Services, LLC Inspired Healthcare Capital operates as a private equity firm specializing in senior housing. Its portfolio includes 35 operating senior living communities in 14 states, providing housing and care services to roughly 2,620 residents across independent living, assisted living, and memory care settings. Inspired Health Capital Fund Services, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-90004) on February 2, 2026. In its petition, the Debtor reports $1 billion to $10 billion in both assets and liabilities. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Marcus Alan Helt, Esq. of Mcdermott Will & Schulte LLP. M. Benjamin Jones of Ankura Consulting Group, LLC serves as Financial Advisor/CRO. Raymond James & Associates, Inc. serves as Investment Banker.Epiq Corporate Restructuring, LLC serves as Claims Agent. Realty Cap Advisors, LLC serves as Equity Security Holders with 100% equity interest. INSPIRED HEALTHCARE: Seeks to Sell Senior Living at Auction ----------------------------------------------------------- Inspired Healthcare Capital Holdings, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Company is a prominent owner of senior living communities, with 333 operating facilities across the country and five additional parcels designated for future development. Beyond simply owning these Communities, the Company has long invested in their success—forming and managing fund entities to raise critical capital that supports day-to-day operations, sustains resident care, and enables the acquisition and development of future Communities. This integrated structure reflects the Company's ongoing commitment to stabilizing and strengthening its portfolio for the benefit of its residents, employees, and investors. Macroeconomic headwinds in the long-term care sector, tightening liquidity, an ongoing SEC investigation, and active litigation brought by DST Investors placed extraordinary strain on the Company. The compounding challenges made it increasingly difficult for the Debtors to sustain their capital structure or access the liquidity necessary to support operations. Faced with the realities, the Debtors initiated these Chapter 11 Cases to protect the value of the enterprise and to pursue all viable restructuring and sale options in a deliberate, orderly, and value-maximizing manner. The Debtors formulated the proposed Bid Procedures to establish a flexible, comprehensive process for the solicitation, receipt, and evaluation of proposals in a fair, transparent, and expeditious manner. The Bid Procedures facilitate the continuation of an ongoing, multi-track marketing process that the Debtors initiated on the Petition Date to solicit interest in a sale of some or all of the Debtors' assets through one or more transactions. The Debtors seek approval of the Bid Procedures to establish an open process for the solicitation, receipt, and evaluation of bids in a fair, accessible, and expeditious manner. The Bid Procedures are designed to generate the highest or otherwise best available recoveries to the Debtors' stakeholders by encouraging prospective bidders to submit competitive, value maximizing bids. The Debtors requests approval of the Sale schedule as essential to maximizing value for the Debtors' estates: https://urlcurt.com/u?l=ca4Kw8 In order to incentivize prospective bidders to agree to become a Stalking Horse Bidder, the Debtors seek authorization, but not direction, to exercise their business judgment to offer bid protections to Stalking Horse Bidder(s). The Debtor proposes holding the Auction on June 24, 2026, at 10:00 a.m., prevailing Central Time (or such other date as selected by the Debtors), at the offices of the proposed counsel to the Debtors: McDermott Will & Schulte LLP, 2801 N. Harwood Street, Suite 2600, Dallas, Texas 75201-1574, or such other location as may be communicated to the relevant participants. The Sale Notice is reasonably calculated to provide all interested parties with timely and proper notice of any Transaction, including the date, time, and place of the Auction(s) (if any), the Bid Procedures, and the dates and deadlines related. Thus, the Debtors submit that the Successful Bid will constitute the highest or otherwise best offer for the Assets and will provide a greater recovery for the Debtors' estates than would be provided by any other available alternative. About Inspired Healthcare Capital Holdings, LLC Inspired Healthcare Capital Holdings, LLC owns senior living communities across the United States that provide independent living, assisted living, and memory care services. The Company operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements while the Company retains control over non-community business functions. Inspired Healthcare Capital sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 26-90004 (MXM)) on February 2, 2026. In the petition signed by M. Benjamin Jones as chief restructuring officer, the Debtor disclosed estimated Assets of $1 billion to $10 billion and estimated liabilities of $1 billion to $10 billion. JILL ACQUISITION: S&P Withdraws 'B+' Issuer Credit Rating --------------------------------------------------------- S&P Global Ratings withdrew its 'B+' issuer credit rating on Jill Acquisition LLC (J.Jill) at the issuer's request. The withdrawal follows the company's private refinancing of its outstanding debt. At the same time, S&P withdrew its 'BB-' issue-level rating and '2' recovery rating on J.Jill's senior secured term loan. At the time of withdrawal, S&P's outlook on the company was stable. L3DFX LLC: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: L3DFX, LLC 640 Remington Blvd., Ste. C Bolingbrook, IL 60440 Business Description: TL3DFX, LLC is an Illinois-based company engaged in designing and fabricating custom scenic elements, props, architectural features, and immersive environments for themed entertainment venues, museums, branded experiences, live events, and location-based attractions. The Company provides design and build services for theming, structures, and interactive experiences within the entertainment and experiential design industry. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-01909 Debtor's Counsel: Scott R. Clar, Esq. CRANE, SIMON, CLAR & GOODMAN Suite 3950 135 South LaSalle Street Chicago, IL 60603-4297 Tel: 312-641-6777 Fax: 312-641-7114 E-mail: sclar@cranesimon.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Paul Ciesiun as sole manager. 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/LRYU7QY/L3DFX_LLC__ilnbke-26-01909__0001.0.pdf?mcid=tGE4TAMA LISBON VISTA: Hires Curry Advisors as General Bankruptcy Counsel ---------------------------------------------------------------- Lisbon Vista Heights, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of California to employ Curry Advisors, A Professional Law Corporation as counsel. The firm will render these services: (a) advise, consult with, and assist the Debtor with regard to evaluating prospects for reorganization; (b) advise, consult with, and otherwise represent the Debtor concerning preparation of the schedules, statement of financial affairs, and other papers that must be filed in the case, and compliance with the U.S. trustee operating and reporting requirements; (c) advise and consult with the Debtor concerning various legal matters that may arise during the course of its Chapter 11 proceedings, including the rights and remedies of the Debtor with respect to the assets of the estate; (d) advise, consult with, and represent the Debtor regarding possible suits and proceedings arising out of or relating to the case and relating to assets of the estate; (e) represent the Debtor in hearings before the court and prepare appropriate applications and orders; (f) advise the Debtor concerning its powers, duties, rights and obligations, assist in the protection of the assets of the estate, and prepare legal documents; and (g) advise, consult with, and represent the Debtor in connection with such other general, real estate, contract, business, or litigation matters as may be necessary for the duration of its bankruptcy case. Curry Advisors will render services to the Debtor at an initial hourly rate of $565. The firm received a pre-bankruptcy retainer in the amount of $12,000. Mr. Curry 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: K. Todd Curry, Esq. Curry Advisors A Professional Law Corporation 185 West F Street, Suite 100 San Diego, CA 92101 Tel: (619) 238-0004 Fax: (619) 238-0006 Email: tcurry@currylegal.com 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. LONGBONS ENTERPRISES: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of Illinois, Springfield Division entered a final order authorizing Longbons Enterprises Ltd. to use cash collateral to fund operations. Under the final order, the Debtor is authorized to use cash collateral, including accounts receivable and deposit accounts, throughout the duration of the bankruptcy case. All expenditures must remain substantially consistent with the cash collateral budget attached to the original motion. The court also granted final adequate protection in the form of replacement liens. These replacement liens are subject to a $5,000 carveout to protect allowed compensation for the Subchapter V trustee. Any secured creditor that later establishes a valid, perfected security interest will be entitled to post-petition replacement liens on accounts receivable and other cash collateral, maintaining the same priority and extent as their pre-petition liens. The court made no findings, and the Debtor made no admissions, regarding the validity, extent, or perfection of any pre-petition liens under this order. The final order is available at: https://www.pacermonitor.com/view/MLTARGA/Longbons_Enterprises_Ltd__ilcbke-25-70921__0057.0.pdf?mcid=tGE4TAMA About Longbons Enterprises Ltd. Longbons Enterprises, Ltd. provides residential and commercial janitorial services under the Merry Maids trade names in Illinois. Longbons Enterprises sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Ill. Case No. 25-70921) on November 10, 2025, listing up to $100,000 in assets and up to $1 million in liabilities. Michael R. Longbons, president of Longbons Enterprises, signed the petition. Judge Mary P. Gorman oversees the case. Sumner A. Bourne, Esq., at Rafool & Bourne, P.C., represents the Debtor as legal counsel. LOVING KINDNESS: No Patient Care Concern, 1st PCO Report Says ------------------------------------------------------------- Sara Flasher, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania her first report regarding the quality of patient care provided by Loving Kindness Healthcare Systems, LLC. Before filing the report, the PCO investigated patient care at the company's Pittsburgh facility and communicated with the company and other interested parties. During an interview in June last year, two facility staff reported job satisfaction, no concerns, and prompt management responses to raised issues. The PCO also interviewed two consumers receiving in-home care for approximately one year. Both reported receiving high-quality care, expressed no complaints, and one indicated a desire not to change providers. The PCO observed that there were no quality-of-care concerns identified. The PCO believes the company's plan to enter the personal care home business is ambitious and may be necessary to generate sufficient revenue to meet bankruptcy court obligations. However, the PCO is concerned that the company lacks experienced staff and working knowledge of the regulatory requirements needed to operate a personal care home on a day-to-day basis. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=tUC9oz from PacerMonitor.com. The ombudsman may be reached at: Sara J. Flasher, Esq. P.O. Box 384 Warren, PA 16365 Phone: 412-977-2437 Email: legal007@aol.com About Loving Kindness Healthcare Systems Loving Kindness Healthcare Systems LLC is a state-licensed Home Health Care Agency. Loving Kindness Healthcare Systems sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 24-22610) on Oct. 25, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Copa Davis, a member of Loving Kindness Healthcare Systems, signed the petition. Robert S. Bernstein, Esq., at Bernstein-Burkley PC represents the Debtor as legal counsel. The U.S. Trustee for Regions 3 and 9 appointed Sara Flasher, Esq., as patient care ombudsman. LUGANO DIAMONDS: Sues Travelers Casualty to Cover Defense Costs --------------------------------------------------------------- James Nani of Bloomberg Law reports that Lugano Diamonds & Jewelry Inc., a bankrupt luxury jewelry retailer, sued Travelers Casualty and Surety Co. for failing to cover legal defense costs arising from roughly 20 lawsuits and a Securities and Exchange Commission investigation. The complaint, filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware, asserts that Travelers engaged in unreasonable claims handling to safeguard its own interests at Lugano's expense, according to report. Owned by Compass Group Diversified Holdings LLC, Lugano operates boutique jewelry stores. The company sought Chapter 11 protection in November 2025, citing alleged embezzlement of millions by former CEO Mordechai Ferder as a primary cause of its financial troubles, the report states. About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc., through its subsidiaries, designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. The Company operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano focuses on serving high-net-worth clients who favor exclusive pieces and a relationship-driven purchasing experience. Lugano Diamonds sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.D.Del.) on November 16, 2025. In the petition signed by signed by J. Michael Issa as chief restructuring officer, the Debtor disclosed estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. Debtor Case No. ------ -------- Lugano Diamonds & Jewelry Inc. (Lead) 25-12055 Lugano Buyer, Inc. 25-12052 K.L.D. Jewelry, LLC 25-12053 Lugano Prive, LLC 25-12054 Lugano Holding, Inc. 25-12056 Judge Brendan Linehan Shannon presides over the case. The Debtors' Bankruptcy Counsel are Edmon L. Morton, Esq., Sean M. Beach, Esq., Timothy R. Powell, Esq., and Benjamin C. Carver, Esq., at YOUNG CONAWAWY STARGATT & TAYLOR, LLP, in Wilmington, Delaware. The Debtors' General Bankruptcy Counsel are Tobias S. Keller, Esq., Traci L. Shafroth, Esq., and Scott Friedman, Esq., at KELLER BENVENUTTI KIM LLP, in San Francisco, California. The Debtors' Restructuring Advisor is GLASSRATNER ADVISORY & CAPITAL GROUP, LLC. The Debtors' Investment Banker is ARMORY SECURITIES, LLC. The Debtors' Claims, Noticing & Administrative Agent is OMNI AGENT SOLUTIONS INC. MAIN STREET: To Sell Real Estate Assets to Concord Wilshire ----------------------------------------------------------- Main Street at Tuttle Royale LLC and its affiliate TLH-26 Giles, LLC, seek permission from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Debtors filed their petitions on September 23, 2025. Tuttle Royale Lender, LLC f/k/a Fuse 10, LLC then filed motions to dismiss and for relief from the automatic stay. The Debtors subsequently received an offer from Concord Wilshire Capital, LLP to purchase substantially all of their assets for $60,000,000 in cash. The Debtors, Fuse, Concord, and the Ardent Companies then attended a judicial settlement conference under the good offices of the Hon. Corali Lopez-Castro at which the parties reached a global resolution of the sale. The parties final agreements are embodied in three documents: (a) the APA between the Debtors and Concord, (b) the related Plan and Sale Support Agreement among the Debtors, Fuse, Debtors principal, Brian Tuttle and Concord, and (c) an Amended Plan of Reorganization to be filed as contemporaneously as reasonably possible. The Debtors have entered into a private sale with Concord pursuant to the Asset Purchase Agreement (APA) for the purchase of the Assets. Fuse consents to the sale to Concord and has also agreed to certain carveouts from its collateral and the resulting sale proceeds in favor of the Debtors' counsel and unsecured creditors. The Assets owned by the Debtors consist of multiple parcels of real property located in Palm Beach County, Florida. The real estate is a unified and contiguous tract of land known collectively as "Pod 6" of the Tuttle Royale Development. The lienholders of the Assets are: * Canal Tax LLC, Ram Tax Lien Fund II LP, Graymorr FL, LLC, Mercury Funding LLC, and The Arsali Family Trust dated 12-13/2025 - Tax Liens for 2024 Real Estate Taxes totaling $431,462.85 * The Palm Beach County Tax Collector - Tax Liens for 2025 Real Estate Taxes totaling $470,977.00 * Tuttle Royale Lender, LLC - Senior mortgage in the minimum amount of $60,092,400.26 * Invictus Tuttle Lender, LLC - junior mortgage in the alleged amount of $7,768,230.71 * BC Architects AIA, Inc. - junior claim of lien in the amount of $1,506,061.48 The Debtors engaged in extensive prepetition marketing of the Real Properties that included engaging multiple national groups that specialize in finding equity investments, created multiple memorandums and pro formas, and socialized the proposal with over 100 groups. The only serious offer that came out of that process was from the Ardent for $48,000,000.00. The Purchase Price offered by Concord far exceeds that offer and, in the Debtors’ opinion, exceeds the fair market value of the Real Properties. About Main Street at Tuttle Royale LLC Main Street at Tuttle Royale LLC is a single asset real estate company. Main Street at Tuttle Royale LLC and affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21129) on Sept. 23, 2025. In its petition, the Debtor estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq. at Shraiberg Page PA. MAMA BIRD'S: Taps Biggs Law Firm PLLC as Legal Counsel ------------------------------------------------------ Mama Bird's Cookies N Cream, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Laurie B. Biggs, Esq. of Biggs Law Firm, PLLC to serve as legal counsel. Ms. Biggs and Biggs Law will provide these services: (a) undertake any and all steps and actions necessary to authorize the use of cash collateral pursuant to § 363 of the Bankruptcy Code, if applicable; (b) advise the Debtor with respect to its powers and duties as debtor-in-possession in the continued management, operation, and reorganization of its business; (c) review any and all claims asserted against the Debtor by its creditors, equity holders, and parties in interest; (d) represent the Debtor's interests at the Meeting of Creditors under Section 341 of the Bankruptcy Code and at any other hearing or conference scheduled in the Bankruptcy Case before the Court; (e) attend meetings, conferences, and negotiations with representatives of creditors and other parties in interest; (f) review and examine, if necessary, any and all transfers which may be avoided as preferential or fraudulent transfers under the Bankruptcy Code; (g) take necessary actions to protect and preserve the Debtor's estate, including prosecution or defense of actions, negotiations concerning litigation, and objections to claims filed against the estate; (h) prepare on behalf of the Debtor all motions, applications, answers, orders, reports, and pleadings necessary to the administration of the bankruptcy estate; (i) prepare any plan of reorganization, disclosure statement, and all related agreements and/or documents, and take actions to obtain confirmation of such plan and approval of such disclosure statement; (j) represent the Debtor in connection with any potential postpetition financing; (k) advise the Debtor regarding the sale or liquidation, if applicable, of any assets and property to third parties; (l) appear before the Court or any appellate court, and the Office of the Bankruptcy Administrator to protect the interests of the Debtor and the bankruptcy estate; (m) represent the Debtor with respect to any general, corporate, or transactional matters arising during the administration of the Bankruptcy Case; and (n) assist and advise the Debtor regarding negotiation, documentation, implementation, consummation, and closing of any corporate transactions, including sales of assets. Laurie B. Biggs will receive an hourly rate of $425, Joseph A. Bledsoe, III $375, Wendy Karam $200, Qiara McCain $150, and Lindsey Gadwell $100. Biggs 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: Laurie B. Biggs, Esq. BIGGS LAW FIRM, P.A. 9208 Falls of Neuse Road, Ste. 120 Raleigh, NC 27615 Telephone: (919) 375-8040 E-mail: lbiggs@biggslawnc.com About Mama Bird's Cookies N Cream Mama Bird's Cookies N Cream, LLC, doing business as Mama Bird's Ice Cream, produces handcrafted ice cream and baked goods from its locations in Holy Springs and Apex, North Carolina, offering a range of rotating flavors that highlight traditional recipes with unique twists. The company emphasizes scratch-made desserts, including gluten-free options, and serves customers through its physical locations and a mobile unit. Its operations focus on creating a community-oriented environment, catering to local consumers and families seeking artisanal frozen treats. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-00272) on January 20, 2026, with $321,096 in assets and $1,044,349 in liabilities. Lesley Richmond, managing member, signed the petition. Judge David M. Warren presides over the case. Laurie B. Biggs, Esq., at Biggs Law Firm, PLLC represents the Debtor as bankruptcy counsel. MANAGEMENT MCOA: U.S. Trustee Appoints Suzanne Richards as PCO -------------------------------------------------------------- Guy Van Baalen, the Acting U.S. Trustee for Region 21, appointed Suzanne Richards as patient care ombudsman for 369 Albuquersque Ops, LLC, an affiliate of Management MCOA, LLC. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Southern District of Florida on January 8. To the best of her knowledge, Ms. Richards has no connections with the Debtor, creditors, any other parties in interest, their respective attorneys and accountants, the U.S. Trustee, and persons employed in the Office of the U.S. Trustee, except as set forth in her verified statement. Section 333 of the Bankruptcy Code provides that the patient care ombudsman shall: * Monitor the quality of patient care provided by the Debtor, to the extent necessary under the circumstances, including interviewing patients and physicians; * Not later than 60 days after the appointment, and not less frequently than at 60-day intervals thereafter, report to the court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care; and * If such ombudsman determines that the quality of patient care provided is declining significantly or is otherwise being materially compromised, file with the court a motion or a written report, with notice to the parties in interest immediately upon making such determination; and * Maintain any information obtained by such ombudsman under section 333 of the Bankruptcy Code that relates to patients (including information relating to patient records) as confidential information. Such ombudsman may not review confidential patient records unless the court approves such review in advance and imposes restrictions on such ombudsman to protect the confidentiality of such records. The ombudsman may be reached at: Suzanne Richards 4525 Dean Martin Drive, Unit 2308 Las Vegas, Nevada 89103 Phone: 714-290-6226 Email: suzanne@smrhealth.com About Management MCOA LLC Management MCOA, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-25184) on December 23, 2025. In its petition, the Debtor reported between $50,001 and $100,000 in assets and liabilities. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Jordi Guso, Esq. MARK D. BORNSTEIN: Commences Chapter 11 Bankruptcy in Florida ------------------------------------------------------------- On February 1, 2026, Mark D. Bornstein Podiatry LLC filed for Chapter 11 protection in the Middle District of Florida. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. About Mark D. Bornstein Podiatry LLC Mark D. Bornstein Podiatry LLC is a Florida-based medical practice providing podiatric care. Mark D. Bornstein Podiatry LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00685) on February 1, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $1MM to $10MM. The Honorable Grace E. Robson handles the case. The Debtor is represented by Jeffrey Ainsworth, Esq., of BransonLaw PLLC. MARQUIS STAR: Hires CBMN Advisors as Financial Advisors ------------------------------------------------------- Marquis Star Holding, Inc. and affiliate seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ CBMN Advisors LLC d/b/a Uzzi & Lall as financial advisors. The firm's services include: a. assisting with the management of all aspects of the Debtors' operations, including initiatives related to managing financial operations; b. evaluating cash and liquidity requirements, including assisting the Debtors in preparing and reporting on appropriate cash and liquidity forecasts, such as a rolling 13-week cash flow forecast; c. working with the Debtors' management to preserve and maximize cash availability while preserving value in the business; d. assisting with the with the evaluation of strategic alternatives, including evaluating the recapitalization of the Debtors' businesses e. Assisting with the preparation of reports required by title 11 of the United States Code and the Federal Rules of Bankruptcy Procedure, including statements of financial affairs, schedules of assets and liabilities, and monthly operating reports; f. assisting the Debtors' management in responding to requests from, and negotiation with, investors, lenders, creditors, any official committees, and other stakeholders as requested by the Debtors; g. assisting in the Debtors' strategic communications with employees, vendors and other stakeholders, as needed; h. directing the efforts of external professionals, consultants, and advisors in connection with restructuring initiatives, including the negotiation of any agreements with asset purchasers, potential investors, or funding sources; and i. performing such other services as may be reasonably requested by the Debtors and are customary in this type of engagement. The firm will be paid at these rates: Partner $1,600 per hour Managing Director $1,275 per hour Senior Director $1,075 per hour Director $975 per hour Vice President $750 per hour Associate $550 per hour Analyst $425 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Uzi 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: Gerard Uzi CBMN Advisors LLC d/b/a Uzzi & Lall 115 Broadway, 5th Floor New York, NY 10006 Email: info@uzzilall.com About Marquis Star Holding, Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10660 and 26-10661, respectively) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the Company's chief operating officer. Linda Leali, Esq. at LINDA LEALI, P.A. represents the Debtors as counsel. MATTR CORP: DBRS Confirms BB Issuer Rating, Trend Stable -------------------------------------------------------- DBRS Limited confirmed Mattr Corp.'s (Mattr or the Company) Issuer Rating at BB and its Senior Unsecured Notes Credit Rating at BB (low) with a recovery rating of RR5. Both trends are Stable. KEY CREDIT RATING CONSIDERATIONS On January 28, 2025, Morningstar DBRS confirmed the Company's Issuer Rating at BB and upgraded the Senior Unsecured Notes credit rating to BB (low) from B (high). The trends on both the credit ratings were Stable and the Recovery Rating was changed to RR5 from RR6. At that time, Morningstar DBRS stated that it could take a negative credit rating action if Mattr's credit metrics were to remain weak over a sustained period or deteriorate further (i.e., debt-to-EBITDA decline toward 4.0 times (x) with a commensurate weakening of the Company's other key credit metrics), as a result of weaker-than-expected operating performance and/or more aggressive financial management. Since then, the Company has worked on integrating AmerCable Incorporated (AmerCable) and continued to grow its two business segments: Composite Technologies and Connection Technologies. However, operational execution has been weaker because of strong headwinds from geopolitical and trade policy uncertainties weighing on underlying demand. As a result, EBITDA generation was also lower than expected, with EBITDA in F2025 now expected to reach above $140 million relative to Morningstar DBRS' previous expectations of above $170 million for the same period. Morningstar DBRS also expects lower debt to help offset the impact of lower EBITDA generation, as total adjusted debt at YE2025 is now forecast at approximately $580 million versus approximately $600 million from before. Despite the lower debt levels, key credit metrics are likely to remain weaker than expected, with debt-to-EBITDA at YE2025 now forecast to remain marginally above 4.0x relative to Morningstar DBRS' expectations of 3.7x for the same period last year. However, despite the underperformance, Morningstar DBRS expects the business risk profile to continue to support the current credit ratings and the weakness in the credit metrics to be temporary and to resolve over the near term. This resolution stems from the Company's efforts to integrate and grow its AmerCable business, introduce larger pipes in the Flexpipe subsegment allowing for incremental growth, and grow its fuel and water tank business. Additionally, Morningstar DBRS expects the Company to take steps to address the difficulties in its Shaw flex division stemming from a weak Canadian industrial market and work through the operational challenges provoked by an unfavorable macroenvironment, while concurrently prioritizing allocation of excess cash toward debt reduction. CREDIT RATING DRIVERS Morningstar DBRS could take a negative credit rating action if key credit metrics seemed likely to remain weak over a sustained period or deteriorate further (i.e., debt-to-EBITDA remaining meaningfully above 4.0x with a commensurate sustained weaknesses of the Company's other key credit metrics), as a result of weaker-than-expected operating performance and/or more aggressive financial management. In addition, a structural weakness in the business risk profile owing to new competition in the Company's key segments without sustained improvement in the financial risk profile could also weigh on the credit ratings. Morningstar DBRS could take a positive credit rating action should Mattr's business risk profile continue to strengthen as the Company integrates AmerCable and further expands its operational profile in the existing Composite Technologies and/or the Connection Technologies business segments while improving and maintaining key credit metrics at levels that are commensurate with a higher credit rating category. EARNINGS OUTLOOK Morningstar DBRS forecasts the Company to post more than $1.25 billion in revenues in F2025, up from $1.16 billion in the last 12 months (LTM) ended Q3 2025 and approximately $900 million in F2024 (prior to the acquisition of AmerCable). Revenues should marginally decline to below $1.25 billion in F2026 before rebounding above $1.35 billion in F2027. The marginally lower revenues in F2026 are due to weaker revenue generation in the Connection Technologies business segment but somewhat offset by growth in the Composite Technologies segment. The weakness in the Connection Technologies segment is due to lower-than-expected revenues in the Shaw Flex and AmerCable subsegments. The latter is due to temporary operational measures that should resolve over the near term and the AmerCable subsegment should grow strongly in F2027 and beyond. In comparison, weakness in the Shaw Flex subsegment is reflective of the underlying broader weakness in the Canadian industrial sector, which could persist over the near term. In line with revenue growth in F2025 followed by a marginal decline in F2026, Morningstar DBRS forecasts adjusted EBITDA (as calculated by Morningstar DBRS) to rise to more than $140 million in F2025 and then temporarily decline to below $130 million in F2026 before increasing above $150 million in F2027. This is compared with approximately $120 million in the LTM ended Q3 2025 and approximately $100 million in F2024. FINANCIAL OUTLOOK Consistent with the earnings outlook, Morningstar DBRS anticipates Mattr's cash flow from operations in F2025 and F2026 to increase above $93 million from below $60 million in the LTM ended Q3 2025 and below $70 million in F2024. Capital expenditures (capex) should move lower from the more than $110 million in F2024 to approximately $65 million in F2025 and below $50 million in F2026 as the Company shifts to lower growth capex concentrated in the AmerCable and Flexpipe subsegments and maintenance expenditures averaging approximately $40 million annually. Overall, free cash flow (before changes in working capital) should increase to above $25 million in F2025 and close to $50 million in F2026 from an outflow of $41.7 million in the LTM ended Q3 2024. Given the elevated debt levels, Morningstar DBRS anticipates that the Company will use its free cash flow for debt reduction in F2026 and not conduct any share repurchases. Despite the debt reduction, debt-to-EBITDA should remain unchanged at above 4.0x because of lower EBITDA, before declining below 4.0x by the end of F2027 and potentially improving further thereafter. CREDIT RATING RATIONALE Comprehensive Business Risk Assessment (CBRA): BB/BBL The credit ratings are supported by Mattr's leadership position in both of its business divisions, including further improved market position in the Connection Technologies segment following the acquisition of AmerCable; diverse geographic and customer bases focused on essential infrastructure; growing manufacturing and market presence in the important U.S. market, mitigating any impact from adverse trade policies; strong technical expertise; and favorable long-term economic trends that should continue to support the business risk profile over the medium to long term. The credit ratings also consider Mattr's labor-related challenges, sustained focus on shareholder rewards, exposure to the volatile oil and gas sector, fluctuating cost of raw materials, potential for an adverse impact on revenues and margins from geopolitical issues, and its small but growing water tank business. Comprehensive Financial Risk Assessment (CFRA): BBH/BB Mattr's CFRA of BBH/BB reflects Morningstar DBRS' expectations that although the Company's key credit metrics such as debt-to-EBITDA seem likely to remain weaker than expected over the near term, the Company will prudently allocate excess cash towards debt reduction. The CFRA is subject to a negative adjustment of one notch due to the ongoing integration of AmerCable, and economic uncertainties related to tariffs and the upcoming review of the United States-Mexico-Canada Agreement (USMCA). Intrinsic Assessment (IA): BB The IA is based on the CBRA and CFRA. Taking into consideration peer comparisons, among other factors, Morningstar DBRS placed the IA in the middle of the Intrinsic Assessment Range. Recovery Rating: RR5. The Recovery Rating of RR5 on the Senior Unsecured Notes assumes a fully drawn secured revolver and reflects the secured revolver's first-lien position. Notes: All figures are in Canadian dollars unless otherwise noted. MCCALLSON TAX: Gets Final OK to Use Cash Collateral --------------------------------------------------- McCallson Tax & Accounting, LLC received final approval from the U.S. Bankruptcy Court for the District of Kansas to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral and inventory through April 1, subject to several conditions. The Debtor must comply with its budget, pay only necessary operating expenses, avoid insider payments unless customary and disclosed, and promptly notify 22nd State Bank of any inability to cover required expenses. The Debtor's cash collateral comes from its accounts receivable, inventory, and other property, subject to a UCC blanket lien held by 22nd State Bank. 22nd State Bank will be provided with protection through replacement liens on the Debtor's post-petition property similar to its pre-bankruptcy collateral and monthly payments of $2,000, beginning December 28. Additional conditions require the Debtor to maintain insurance and stay current on post-petition taxes. The order further reflects an agreed framework for plan treatment, under which the debtor will file a Chapter 11 plan recognizing $91,698.09 as secured, with the remaining balance treated as unsecured, and repay the secured portion over approximately 55 months at 7% interest. The order preserves all parties' rights regarding lien validity and priority and remains binding unless modified by further court order. About McCallson Tax & Accounting LLC McCallson Tax & Accounting, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 25-21728) on November 24, 2025. In the petition signed by Lori McCallson, member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Dale L. Somers oversees the case. Colin N. Gotham, Esq., at Evans & Mullinix, P.A., represents the Debtor as legal counsel. MCDERMOTT ENTERPRISES: Commences Chapter 11 Bankruptcy in Iowa -------------------------------------------------------------- On January 28, 2026, McDermott Enterprises, LLC, voluntarily filed for Chapter 11 bankruptcy in the Northern District of Iowa. Court filings indicate the company has liabilities between $1 million and $10 million owed to 1-49 creditors. About McDermott Enterprises, LLC McDermott Enterprises, LLC is a limited liability company. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00092) on January 28, 2026. Its petition lists estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. The case is assigned to Honorable Bankruptcy Judge Thad J. Collins, and the Debtor is represented by Dustin Abraham Baker, Esq., of Henkels & Baker, PC. MEADOWPOOL PROPERTIES: Hires Jones Lang LaSalle Midwest as Broker ----------------------------------------------------------------- Meadowpool Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Scott Brandwein and Courtney Rouleau of Jones Lang LaSalle Midwest, LLC to serve as real estate brokers. The Debtor is an Illinois limited liability company and has ownership interest in real estate formerly used as a brewery, bar and restaurant known as Smylie Brothers Brewing Company located at 1615 Oak Avenue Evanston, Illinois 60201. Jones Lang LaSalle Midwest, LLC will provide these services: (a) listing the Property; (b) showing the Property to prospective purchasers; and (c) assisting with the closing of any sale of the Property. Compensation to Jones Lang LaSalle Midwest, LLC will be pursuant to the Exclusive Sale Agreement, which provides for a 3% commission of gross proceeds of the sale if there is no cooperating broker, or 5% of the gross proceeds to be shared between Jones Lang LaSalle Midwest, LLC and a cooperating broker, to be paid at closing. To the best of the Debtor's knowledge, Jones Lang LaSalle Midwest, LLC does not hold any interest adverse to the Debtor or the estate and is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Scott Brandwein Courtney Rouleau Jones Lang LaSalle Midwest, LLC 200 East Randolph Drive Chicago, IL 60601 About Meadowpool Properties LLC Meadowpool Properties, LLC is a single-asset real estate company, classified under 11 U.S.C. Section 101(51B), focusing on owning and managing a single property. Meadowpool Properties sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18702) on December 5, 2025. In the petition signed by Michael Smylie, manager, the Debtor disclosed $2,702,000 in total assets and $2,739,275 in total liabilities. Judge David Cleary oversees the case. The Debtor tapped Scott R. Clar, Esq., at Crane, Simon, Clar & Goodman as counsel. MEYER BURGER: Plan Exclusivity Period Extended to April 17 ---------------------------------------------------------- Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware extended Meyer Burger (Holding) Corp. and its affiliated debtors' exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 17. As shared by Troubled Company Reporter, based on the weighing of the relevant factors, there is more than sufficient cause to approve the extension of the Exclusive Periods: * The Chapter 11 Cases have involved complex legal and factual issues. As described in more detail in the First Day Declaration, the Debtors commenced the Chapter 11 Cases to conduct a value maximizing Sale Process for the benefit of their stakeholders. Since the Petition Date, the Debtors have worked diligently to progress the Sale Process, which culminated in the Court's approval of a sale of substantially all of the Debtors' assets. * The Debtors have made substantial good faith progress in the Chapter 11 Cases while continuing to engage in discussions and negotiations with key creditor constituencies. The Debtors have, among other things: (i) minimized the adverse effects caused by the commencement of the Chapter 11 Cases on their affairs by securing various first-day relief; (ii) obtained entry of interim and final orders approving the DIP Facility; (iii) filed their schedules and statements; (iv) marketed and sold substantially all of their assets through the Sale Process, (v) obtained entry of an order establishing certain claims bar dates, and (vi) engaged in extensive negotiations with their key stakeholders (including, most notably, the Committee and the AHG) culminating in the execution of the Settlement Agreement following a months' long, good faith, arm's length, series of discussions and negotiations. * The requested extension of the Exclusive Periods is only the second such request made in the Chapter 11 Cases and comes just a few months after the Petition Date. As discussed above, the Debtors have expended substantial time and resources in: (i) stabilizing their affairs, (ii) marketing and selling their assets through the Sale Process, (iii) complying with the requirements of the Bankruptcy Code and the Bankruptcy Rules; (iv) negotiating the Settlement Agreement, and (v) otherwise administering their estates for the benefit of their stakeholders. * The Debtors are not seeking an extension to prejudice the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. The Debtors have no ulterior motive in seeking an extension of the Exclusive Periods. The Debtors have been in regular communication with their creditor constituencies on numerous issues facing their estates, including formulation of a path forward for the Chapter 11 Cases which, most recently, resulted in the execution of the Settlement Agreement and the filing of the Global Settlement Motion, and have worked diligently in the prepetition and postpetition periods to maximize the value of their estates. About Meyer Burger Meyer Burger (Holding) Corp. is a manufacturer of solar photovoltaic equipment and systems. Meyer Burger (Holding) Corp. and three affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11217) on June 25, 2025. In its petition, Meyer estimated assets between $100 million and $500 million, and liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtors tapped RICHARDS, LAYTON & FINGER, P.A., as counsel, FTI MANAGEMENT, INC., as financial advisor, and JEFERRIES LLC as investment banker. KROLL RESTRUCTURING ADMINISTRATION LLC is the claims agent. MORRIS, NICHOLS, ARSHT & TUNNELL LLP and BAKER & MCKENZIE LLP are representing the Ad Hoc Group of Lenders. FOX ROTHSCHILD LLP is advising the official committee of unsecured creditors. MI TIERRA LINDA: Unsecureds to Get 0% of Claims in Plan ------------------------------------------------------- Mi Tierra Linda Supermarket, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Alabama a Small Business Plan of Reorganization dated January 27, 2026. The Debtor filed this chapter 11 proceeding on October 29, 2025 to reorganize its debt on more manageable terms and to preserve its ongoing operations and equipment. The Debtor hopes to reorganize its business operations which will allow its income to meet its operating cash requirements as well as obligations incurred pursuant to a confirmed plan. Class 2 consists of the Allowed General Unsecured Claims. The total General Unsecured Claims total $154,829.04. This plan proposes to pay 0% to Allowed General Unsecured Creditors. Unpaid amounts will be discharged. Class 2 is impaired by the Plan. The holders of Class 2 Claims are entitled to vote to accept or reject the Plan. Class 3 consists of the Equity Interests in the Debtor. All Equity Interests held prior to the Petition Date shall be retained. Class 3 is not impaired by the Plan. Distributions will be funded by revenues generated during the Debtor's operations. A full-text copy of the Plan of Reorganization dated January 27, 2026 is available at https://urlcurt.com/u?l=zWdLNX from PacerMonitor.com at no charge. Counsel to the Debtor: Robert C. Keller, Esq. Russo, White & Keller 315 Gadsden Highway, Suite D Birmingham, AL 35235 About Mi Tierra Linda Supermarket Mi Tierra Linda Supermarket, LLC, operates a grocery store in Alabama, providing Latin-American food products, fresh produce, and household goods. Its principal place of business is located at 2375 1st Street NE, Center Point (Birmingham), AL 35215. The Company is owned by Stephany Cazzaly who controls 51 percent of the Debtor, and Claudia Rodriguez who controls the remaining 49 percent. Mi Tierra Linda Supermarket filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 25-03280) on Oct. 29, 2025, listing between $1 million and $10 million in assets and between $500,001 and $1 million in liabilities. Judge Tamara O. Mitchell presides over the case. Robert C. Keller, at Russo, White & Keller, is serving as the Debtor's legal counsel. MICK'S GRASS: Hires Elias M. Yazbeck PLLC as Co-Counsel ------------------------------------------------------- Mick's Grass & Sod Service, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ The Law Office of Elias M. Yazbeck, PLLC as co-counsel. The firm's services include: a. advising and representing the Debtor during the bankruptcy process; b. representing the Debtor in any negotiations and discussion with third parties; c. representing the Debtor in any meetings, hearings, and conferences including the 341 meeting of creditors; d. preparing pleadings, including any motions and applications necessary to facilitate the administration of this case; e. taking all actions needed to preserve the value of Debtor and its assets as a going concern for the benefit of creditors; and f. facilitating the plan confirmation process; and Performing all other acts and services necessary to assist the Debtor during its Chapter 11 reorganization. The attorneys of the firm will be paid at the rate of $330 per hour. Prior to the petition date, the firm received a retainer of $11,452. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Yazbeck 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: Elias M. Yazbeck, Esq. The Law Office of Elias M. Yazbeck, PLLC 4119 Montrose Blvd., Suite 470 Houston, TX 77006 Telephone: (281) 755-7320 Email: elias@yazbecklaw.com About Mick's Grass & Sod Service, Inc. Mick's Grass & Sod Service, Inc. operates as a landscaping and sod service provider offering grass installation and related services. Mick's Grass & Sod Service, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-30192) on January 8, 2026. 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 Eduardo V. Rodriguez handles the case. The Debtor is represented by Elias Marwan Yazbeck, Esq., of The Law Office of Elias M. Yazbeck, PLLC. MJ COLLISION: Seeks Approval to Tap Holmquist CPA as Accountant --------------------------------------------------------------- MJ Collision LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Wisconsin to hire Holmquist CPA, LLC to serve as its accountant. Holmquist CPA, LLC will provide these services: (a) assisting the Debtor with managing its books and records, including bookkeeping and journal entries; (b) assisting the Debtor with payroll processing and payroll tax returns; and (c) assisting the Debtor with sales tax compliance and business tax return preparation. Holmquist CPA, LLC will be compensated on a fixed fee basis of $400 per month beginning February 2026. Holmquist CPA, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The professional leading the engagement can be reached at: Scott Holmquist, CPA HOLMQUIST CPA, LLC Green Bay, WI About MJ Collision LLC MJ Collision LLC operates an automotive collision repair business, providing vehicle body repair and related services. MJ Collision, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-20085) on January 8, 2026, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge G Michael Halfenger presides over the case. John W. Menn, Esq., at Swanson Sweet, LLP represents the Debtor as legal counsel. MODIVCARE INC: Exits Chapter 11 with Strong Financial Position -------------------------------------------------------------- Kevin Miller of Bangor Daily News reports that Modivcare, the Colorado-based broker providing non-emergency transportation to MaineCare clients, assured state lawmakers that it has emerged from Chapter 11 bankruptcy in a stable financial position. The company, which filed for bankruptcy in August with around $1.4 billion in debt, completed its restructuring and exited bankruptcy on December 29, 2025, officials said. At a hearing before the Legislature's Health and Human Services Committee, the board chair emphasized that service continued without interruption and certain performance metrics improved during the restructuring. Nevertheless, some legislators expressed concern over persistent reports of late or missed rides, and confusion remains among clients on how to file complaints, despite state officials confirming that complaint rates remain within acceptable limits, the report states. About Modivcare Inc. ModivCare Inc. is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their members. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90309) on August 20, 2025. In the petition signed by Chad J. Shandler, chief transformation officer, the Debtor disclosed up to $10 billion in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Timothy A. Davidson II, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. MORRIS STREET: Monique Almy Named Subchapter V Trustee ------------------------------------------------------ Matthew Cheney, the Acting U.S. Trustee for Region 4, appointed Monique Almy, Esq., as Subchapter V trustee for Morris Street Development, LLC. Ms. Almy, a partner at Crowell & Moring, LLP, will be paid an hourly fee of $800 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Almy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Monique D. Almy, Esq. Crowell & Moring, LLP 1001 Pennsylvania Avenue, NW Washington, DC 20004 Phone: (202) 624-2935 malmy@crowell.com About Morris Street Development LLC Morris Street Development, LLC is a single-purpose real estate holding entity that owns real property located at 314 North Morris Street, Oxford, Maryland, encompassing the historic Robert Morris Inn, which includes a hotel and restaurant. The property's operations are managed by affiliated non-debtor entities, though as of Jan. 28, 2026, both the hotel and restaurant are not active. Morris Street Development filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.C. Case No. 26-00039) on January 28, 2026, listing between $1 million and $10 million in assets and liabilities. Judge Elizabeth L. Gunn presides over the case. Christianna Annette Cathcart, Esq., at The Belmont Firm represents the Debtor as legal counsel. MORRIS STREET: Seek to Employ Belmont Firm as Bankruptcy Counsel ---------------------------------------------------------------- Morris Street Development, LLC and 3103 Ten, LLC seek approval from the U.S. Bankruptcy Court for the District of Columbia to hire Maurice B. VerStandig, Esq., Christianna A. Cathcart, Esq., and The VerStandig Law Firm, LLC d/b/a The Belmont Firm to serve as bankruptcy counsel. The professionals will provide these services: (a) prepare and file all necessary pleadings, motions, and other court papers on behalf of the Debtors; (b) negotiate with creditors, equity holders, and other interested parties; (c) represent the Debtors in any adversary proceedings, contested matters, and other proceedings before the Court; (d) prepare one or more Chapter 11 plans on behalf of the Debtors; and (e) tend to such other and further matters as are necessary and appropriate in the prism of these cases. The firm has agreed to represent the Debtors at the rate of $600 per hour for partner time, $300 per hour for associate time, and $100 per hour for paralegal time. According to court filings, The VerStandig Law Firm and its professionals are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code and do not hold or represent any interest adverse to the Debtors or their estates. The firm can be reached at: Christianna A. Cathcart, Esq. The Belmont Firm 1050 Connecticut Avenue, NW Suite 500 Washington, DC 20036 Telephone: (202) 655-2066 E-mail: christianna@dcbankruptcy.com About Morris Street Development, LLC Morris Street Development, LLC is a real estate development and investment company based in the District of Columbia, specializing in residential and commercial property projects. Morris Street Development, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00039) on January 28, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by Christianna Annette Cathcart, Esq. of The Belmont Firm. MOVE RITE: Seeks Chapter 7 Bankruptcy in Kentucky ------------------------------------------------- On January 29, 2026, Move Rite Transfer & Storage Company, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of Kentucky. According to court filings, the debtor reports between $0 and $100,000 in debt owed to between 1 and 49 creditors. About Move Rite Transfer & Storage Company, Inc. Move Rite Transfer & Storage Company, Inc. is a Kentucky-based moving and storage company providing transportation and warehousing services. The company sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10028) on January 29, 2026. In its petition, the debtor reported estimated assets between $0 and $100,000 and estimated liabilities in the same range. Bankruptcy Judge Douglas L. Lutz handles the case. The debtor is represented by Bruce E. Blackburn, Esq. MULTI-COLOR CORP: Court Approves First-Day Motions -------------------------------------------------- Multi-Color Corporation announced that it has received approval from the U.S. Bankruptcy Court for the District of New Jersey for first day relief related to its prepackaged Chapter 11 filed on January 29, 2026. The approved relief affirms that the Company will operate in the normal course, pay all trade vendors and suppliers in full, and maintain a strong liquidity position during the restructuring. As part of this relief, the Court granted MCC immediate access to $125 million of $250 million in debtor-in-possession new money financing, provided by certain holders of MCC's secured first lien debt and its equity sponsor, CD&R. This funding will capitalize the business through the initial stages of the prepackaged Chapter 11 process. The Court also granted MCC authority to pay trade vendors and suppliers in full in the ordinary course, maintain wages and benefits without interruption, satisfy employee-related claims, and perform other critical functions and processes necessary for MCC to continue uninterrupted operations. "The approval of our first day motions marks an important milestone in our financial restructuring, which will allow us to operate in the normal course as we deleverage our balance sheet and strengthen our capital structure," said Hassan Rmaile, President & Chief Executive Officer of MCC. "As we look ahead, we remain focused on providing best-in-class solutions for our customers and executing on our strategic priorities. We look forward to advancing through this process to further position MCC for long-term growth and investment to best serve our customers." As previously announced, MCC entered into the restructuring support agreement ("RSA") that is supported by holders of approximately 72% in amount of MCC's secured first lien debt and CD&R. This transaction will significantly deleverage MCC's balance sheet, reducing its net debt load from approximately $5.9 billion to approximately $2.0 billion. The RSA also contemplates that CD&R and a group of MCC's existing secured lenders will provide an $889 million new common and preferred equity investment that will support long-term growth and investment. Upon emergence, MCC will have more than $550 million of liquidity. For more information on MCC's restructuring, including access to Court documents, please visit www.veritaglobal.net/MCC. Stakeholders with questions can contact Verita, the Company's claims and noticing agent, at (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submit an inquiry to www.veritaglobal.net/MCC/inquiry. Additional information is also available at MCCForward.com. About Multi-Color Corp Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26 10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.'s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claimsagent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. MY CAR WASH: Hires Trustee Realty Inc. as Real Estate Broker ------------------------------------------------------------ My Car Wash LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Trustee Realty, Inc. as real estate broker. The firm will market and sell the Debtor's real property located at 9820 SE US Highway 441, Belleview, FL 34420-6222. The firm will be paid a commission of 6 percent of the gross purchase price. Any buyer's broker will receive 2 percent of the gross purchase price with the firm receiving 4 percent, or the full 6 percent if there is no buyer's broker. Mr. Welt 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: Jason A. Welt, Esq. Trustee Realty, Inc. 401 East Las Olas Blvd, Unit 1400 Ft. Lauderdale, FL 33301 Tel: (954) 803-0790 About My Car Wash LLC My Car Wash, LLC, based in Belleview, Florida, operates a commercial car wash offering full-service and automated cleaning to individual and fleet customers at its single location on South Highway 441. My Car Wash, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 3:26-bk-00161) on January 15, 2026. At the time of the filing, the Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. . Mark S. Roher, P.A. also known as The Law Office of Mark S. Roher, P.A. is the Debtor's bankruptcy counsel. NELSITO & MAR: Initiates Chapter 7 Bankruptcy in Florida -------------------------------------------------------- On January 30, 2026, Nelsito & Mary Corp. filed for Chapter 7 protection in the Southern District of Florida. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About Nelsito & Mary Corp. Nelsito & Mary Corp. is an auto transport company. Nelsito & Mary Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11245) on January 30, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. The Honorable Mindy A. Mora handles the case. The Debtor is represented by Ismael Jose Labrador, Esq. NICKLAUS COMPANIES: Taps $50MM Offer from Iconix International -------------------------------------------------------------- James Nani of Bloomberg Law reports that bankrupt golf services company Nicklaus Cos. has picked a $50 million stalking-horse bid from brand management firm Iconix International Inc. to anchor the sale of its licensing business. A notice filed Tuesday, February 3, 2026, in the U.S. Bankruptcy Court for the District of Delaware shows the proposed deal would transfer the licensing and commercialization rights for the "Jack Nicklaus" and "Golden Bear" brands tied to the debtor’s former golf services operations. The agreement does not include Nicklaus Cos.' golf course design or real estate development units. If another bidder emerges, Iconix would be entitled to a $1.5 million breakup fee and up to $500,000 in expense reimbursement, the report states. About Nicklaus Companies LLC Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. It operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. Nicklaus Companies LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12088) on November 21, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Zachary I. Shapiro, Esq. of Richards, Layton & Finger, P.A. NINE ENERGY: Court Okays DIP Financing, Sets March 4 Plan Hearing ----------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that on Tuesday, February 3, 2026, a Texas bankruptcy judge granted oilfield services provider Nine Energy Services interim approval to access $56 million in Chapter 11 debtor-in-possession financing and scheduled an early March hearing to consider confirmation of the company's restructuring plan. The interim order allows Nine Energy to immediately borrow a portion of the DIP facility to fund operations, maintain liquidity, and cover administrative expenses as it moves through Chapter 11. The financing is backed by existing lenders and is intended to support the company while it negotiates a comprehensive balance-sheet overhaul, according to report. The court set a March 4, 2026 hearing to consider final approval of the financing and address plan-related issues. Nine Energy filed for bankruptcy protection earlier this year amid ongoing pressures from elevated costs, customer pricing constraints, and a challenging oilfield services market, the report relays. About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward-leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. The ABL lender is advised by Paul Hastings LLP as legal counsel. NOOR ESTHETIQUE: Hires Conway Law Group as Legal Counsel -------------------------------------------------------- Noor Esthetique & Wellness Center, PLLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Martin C. Conway, Esq. of Conway Law Group PC to serve as legal counsel. Mr. Conway will provide these services: (a) give the Debtor legal advice and representation in connection with the Chapter 11 case; (b) prepare, review, and file necessary pleadings, motions, orders, applications, and other legal papers; (c) attend hearings and conferences before the court; and (d) perform any other legal services necessary in connection with the Debtor's bankruptcy case. The standard hourly rates for professionals expected to work on this matter are: Attorneys $550 Paralegals $200 Conway Law Group PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Martin C. Conway, Esq. CONWAY LAW GROUP, PC 1320 Central Park Blvd, Suite 200 Fredericksburg, VA 22401 Telephone: (855) 848-3011 Email: martin@conwaylegal.com About Noor Esthetique & Wellness Center, PLLC Noor Esthetique & Wellness Center, PLLC is a Virginia-based medical aesthetics and wellness provider delivering non-surgical cosmetic treatments and wellness services. The practice focuses on personalized care and minimally invasive aesthetic solutions. Noor Esthetique & Wellness Center, PLLC sought Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. Case No. 26-10157) on January 22, 2026. The petition shows estimated assets of up to $100,000 and estimated liabilities ranging from $100,001 to $1 million. Honorable Chief Bankruptcy Judge Brian F. Kenney handles the case. The Debtor is represented by Martin C. Conway, Esq. of Conway Law Group, PC. NOOR ESTHETIQUE: Hires Conway Law Group PC as Counsel ----------------------------------------------------- Noor Esthetique & Wellness Center, PLLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Conway Law Group PC as counsel. The firm's services include: a. advising the Debtor regarding its powers and duties as a debtor-in-possession; b. preparing and filing all necessary petitions, schedules, statements, motions, applications, and other legal papers; c. Representing the Debtor at the Section 341 Meeting of Creditors, status conferences, and other hearings before the Court; d. assisting in the formulation, negotiation, and confirmation of a Subchapter V Plan of Reorganization; and e. performing all other legal services necessary and appropriate for the administration of this case. The firm will be paid at these rates: Attorneys $550 per hour Paralegals $200 per hour The firm received from the Debtor a retainer of $10,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Conway 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: Martin C. Conway, Esq. Conway Law Group, PC 1320 Central Park Blvd., Suite 200 Fredericksburg, VA 22401 Tel: (855) 848-3011 Fax: (571) 285-3334 Email: martin@conwaylegal.com About Noor Esthetique & Wellness Center Noor Esthetique & Wellness Center, PLLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10157) on January 22, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Martin C. Conway, Esq. at Conway Law Group, PC represents the Debtor as bankruptcy counsel. NORCOLD LLC: Gets Court OK for Chapter 11 Insider Sale ------------------------------------------------------ Ben Zigterman of Law360 reports that on Wednesday, February 4, 2026, a Delaware bankruptcy court approved an insider purchase of Norcold LLC's assets, rejecting arguments that the sale unlawfully released insiders from potential liability through the transfer of litigation claims. In approving the deal, the judge said the transaction did not prevent creditors from asserting claims against insiders and therefore did not amount to prohibited third-party releases. Instead, the court characterized the litigation provisions as a permissible assignment of estate claims. The judge further found that the sale met the requirements of the Bankruptcy Code and reflected sound business judgment, allowing the Chapter 11 debtor to complete the insider transaction despite opposition, the report cites. About Norcold LLC Norcold LLC is a recreational vehicle refrigerator manufacturer. Norcold LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11933) on November 3, 2025. In its petition, the Debtor reports more than $300 million. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Sean Matthew Beach, Esq., Simcha Trager, Esq., Matthew Barry Lunn, Esq., Roger Sharp, Esq., Rodney Square, Esq., and Jared W Kochenash, Esq. of Young Conaway. NORCOLD LLC: Refrigeration Products Biz Sale to Dave Carter OK'd ---------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware has approved Norcold LLC to sell substantially all Assets at Dave Carter & Associates, Inc., free and clear of liens, claims, interests, and encumbrances. The Debtor manufactures and distributes refrigeration products for mobile applications, including recreational vehicles and marine vessels. The Court has authorized the Debtor to sell substantially all Assets to Dave Carter & Associates, Inc., a Florida corporation. The Stalking Horse Asset Purchase Agreement (APA) and all of the terms and conditions, and the Sale contemplated, are approved, and the Debtor is authorized to enter into any and all other ancillary documents related to and the transactions contemplated. On the Closing Date, the Sale Order will be construed and will constitute for any and all purposes a full and complete general assignment, conveyance, and transfer of all of the Purchased Assets or a bill of sale transferring good and marketable title in such Purchased Assets to the Purchaser pursuant to the terms and conditions set forth in the Sale Order and the Stalking Horse APA. The Purchased Contracts will be transferred to, and remain in full force and effect for the benefit of, the Purchaser in accordance with their respective terms pursuant to the Stalking Horse APA, notwithstanding any provision in any such Purchased Contracts. All counterparties to the Purchased Contracts shall cooperate and expeditiously execute and deliver, upon reasonable request of the Purchaser, and shall not charge the Debtor or the Purchaser for any instruments, applications, consents, or other documents that may be required or requested by any public authority or other party or entity to effectuate the applicable transfers in connection with the Sale. The aggregate consideration for the purchase, sale, assignment and conveyance of Seller’s right, title and interest in, to and under the Acquired Assets shall consist of: (a) the assumption by Buyer of the Assumed Liabilities from Seller, including the assumption of the obligation to pay to the applicable counterparties of the applicable Assigned Contracts the Cure Costs payable by Buyer; plus (b) the Credit Bid in an aggregate amount equal to the outstanding obligations under the DIP Term Sheet as of the Closing (which amount shall not be less than $13,000,000.00 as of the Closing), exercised by Buyer or its designee in accordance with section 363(k) of the Bankruptcy Code and the DIP Order; plus (c) such additional cash consideration, the use, allocation and amount of which shall be determined at the sole discretion of Buyer and by providing written notice to Sellers; provided, however, that if no such notice has been provided, then the amount of such cash consideration under Section 3.1(a)(iv) shall be $0. About Norcold LLC Norcold LLC, a wholly owned subsidiary of Thetford LLC, manufactures and distributes refrigeration products for mobile applications, including recreational vehicles and marine vessels. Founded in 1959, the Company began with gas absorption refrigerators for off-grid use and later became a major supplier in the RV refrigeration market. Norcold functions as Thetford's refrigeration division within a broader portfolio that also includes RV and marine sanitation and waste management systems, and is ultimately owned by Monomoy Capital Partners IV, LP, Monomoy Capital Partners IV Parallel, LP, and Dyson Kissner Moran Corporation. Norcold sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No.: 25-11933) on November 3, 2025. In the petition signed by Richard Wu as chief restructuring officer, the Debtor discloses estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. Judge: Hon. Thomas M. Horan Debtor's Bankruptcy Counsel is Sean M. Beach, Esq., at YOUNG CONAWAY STARGATT & TAYLOR, LLP, in Wilmington, Delaware. Debtor's Financial & Restructuring Advisor: ALVAREZ & MARSAL NORTH AMERICA, LLC Debtor's Notice, Claims, Solicitation & Balloting Agent: SETTO Debtor's Investment Banker is HILCO CORPORATE FINANCE, LLC. OCEANWIDE PLAZA: Reaches Bankruptcy Exit Deal with Creditors ------------------------------------------------------------ John Gittelsohn and Jonathan Randles of Bloomberg News report that Oceanwide Plaza, a long-stalled real estate project in downtown Los Angeles, has struck a settlement with creditors to exit bankruptcy, potentially paving the way for a sale. The project's Chinese developers have poured about $1.2 billion into the complex, which has sat unfinished for years. The agreement resolves a dispute among creditor groups over the partially completed residential towers, whose graffiti-covered exterior has earned them the nickname "Graffiti Towers." Construction ground to a halt in 2018 after China Oceanwide's financing collapsed amid tighter controls on foreign investments by Beijing, according to report. Sources familiar with the negotiations said a buyer is in talks to acquire the property, though any deal depends on final approval of the bankruptcy settlement. Located across the street from the Crypto.com Arena, the project has been widely criticized as a blight on the city's downtown core. Oceanwide's lawyers told the court that city officials support the settlement, citing the importance of completing the project ahead of the 2028 Los Angeles Olympics. The project entered bankruptcy in 2024, still burdened by unpaid property taxes, and the deal would allow LA Development Investment LP to assert a $230 million claim, alongside hundreds of millions in additional creditor claims, the report states. About Oceanwide Plaza LLC An involuntary bankruptcy petition against Oceanwide Plaza LLC in Los Angeles CA, for Chapter 11 protection (Bankr. C.D. Cal. Case No. 24-11057) on February 13, 2024. Judge Deborah J Saltzman oversees the case. Bryan Cave Leighton Paisner, LLP as counsel to the Debtor. Bradley D. Sharp as chief restructuring officer. GlassRatner Advisory & Capital Group LLC, dba B. Riley Advisory Services as financial advisor and expert witness. OFF-LOAD MOVING: Hires Conway Law Group PC as Counsel ----------------------------------------------------- Off-LOAD Moving LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Conway Law Group PC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties in the continued management and operation of the assets of its estate; (b) advise and consult on the conduct of the case; (c) attend meetings and negotiate with representatives of the Debtor's creditors and other parties in interest; (d) take all necessary action to protect and preserve the Debtor's estates; (e) prepare all legal papers necessary or otherwise beneficial to the administration of the Debtor's estate; (f) advise the Debtor in connection with any potential sale of assets; (g) appear before the Court to represent the interests of the Debtor's estate before the Court; (h) take any necessary action on behalf of the Debtor to negotiate, prepare on its behalf, and obtain approval of Chapter 11 plan and documents related thereto; and (i) perform all other necessary or otherwise beneficial legal services to the Debtor in connection with prosecution of this case. The firm will be paid at these hourly rates: Kimberly Kalisz, Attorney $550 Paralegal $200 The firm received from the Debtor a retainer of $10,762. In addition, the firm will seek reimbursement for expenses incurred. Ms. Kalisz 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: Kimberly Kalisz, Esq. Conway Law Group PC 1320 Central Park Blvd, #200 Fredericksburg, VA 2401 Telephone: (855) 848-3011 Facsimile: (571) 285-3334 E-mail: kimberly@conwaylegal.com About Off-LOAD Moving LLC Off-Load Moving LLC is a Virginia-based moving company providing residential and commercial relocation services. Off-Load Moving LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70147) on January 20, 2026. In its petition, the Debtor reports estimated assets in the range of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. The Debtor is represented by Kimberly Ann Kalisz, Esq. of Conway Law Group, PC. OFF-LOAD MOVING: Seeks to Hire Conway Law Group as Legal Counsel ---------------------------------------------------------------- Off-LOAD Moving LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Conway Law Group PC to serve as its counsel. The firm will provide these services: (a) advising the Debtor with respect to its powers and duties as debtor in possession in the continued management and operation of the assets of the estate; (b) advising and consulting on the conduct of the case, including the legal requirements of operating in Chapter 11; (c) attending meetings and negotiating with representatives of the Debtor's creditors and other parties in interest; (d) taking all necessary actions to protect and preserve the Debtor's estate; (e) preparing all pleadings, including motions, applications, answers, orders, reports, and other papers necessary or beneficial to the administration of the estate; (f) advising the Debtor in connection with any potential sale of assets; (g) appearing before the Court to represent the interests of the Debtor's estate; (h) negotiating, preparing, and obtaining approval of a Chapter 11 plan and related documents; and (i) performing all other necessary or beneficial legal services in connection with the prosecution of the case. Services will be provided primarily by Martin Conway and Kimberly Kalisz at an hourly rate of $550. Paralegal services will be billed at $200 per hour. Prior to the petition date, Conway Law Group PC was paid $12,500, of which $5,038 has been earned, with $7,462 retained in the firm's trust account. According to court filings, Conway Law Group PC and its attorneys are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code and do not hold or represent any interest adverse to the Debtor or the bankruptcy estate. The firm can be reached at: Kimberly A. Kalisz, Esq. CONWAY LAW GROUP PC 1320 Central Park Blvd., Suite 250 Fredericksburg, VA 22401 Telephone: (855) 848-3011 Facsimile: (571) 285-3334 E-mail: kimberly@conwaylegal.com About Off-Load Moving LLC Off-Load Moving LLC is a Virginia-based moving company providing residential and commercial relocation services. Off-Load Moving LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70147) on January 20, 2026. In its petition, the Debtor reports estimated assets in the range of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. The Debtor is represented by Kimberly Ann Kalisz, Esq. of Conway Law Group, PC. OFFICE PROPERTIES: Seeks to Extend Plan Exclusivity to April 28 --------------------------------------------------------------- Office Properties Income Trust and its affiliates asked the U.S. Bankruptcy Court for the Southern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 28 and August 31, 2026, respectively. The Debtors explain that Courts may consider a variety of factors in determining whether "cause" exists to extend a debtor's exclusive period for filing a plan. The Debtors claim that the application of these factors to the facts and circumstances of the Chapter 11 Cases demonstrates that the requested extension of the Exclusive Periods is both appropriate and necessary. * First Factor. The size and complexity of the issues attendant to these cases warrants approval of the requested relief. In this regard, the Debtors have over $2 billion in funded debt and a complex capital structure that includes multiple tranches of debt secured and/or guaranteed by various property "silos," which, in turn, implement separate cash management systems and property operations. * Second & Eighth Factors. A mere few months have elapsed since the commencement of the Chapter 11 Cases on October 30, 2025, and termination of the Exclusive Periods at this juncture, just as the Debtors have stabilized their operations, filed their chapter 11 plan, and obtained final approval on the material terms of postpetition financing, would adversely impact the Debtors' efforts to preserve and maximize the value of their estates and progress the Chapter 11 Cases, as they would potentially face the prospect of a competing plan in the event that the existing Plan was not confirmed on the currently anticipated timeline. * Third Factor. Beginning on November 5, 2025, the Debtors have been engaged in ongoing efforts to drive stakeholder consensus for the majority of the Chapter 11 Cases. While the First Mediation terminated, the Debtors, the September 2029 Ad Hoc Group, the Unsecured Notes Ad Hoc Group, and the Committee have made considerable progress and are continuing to pursue a comprehensive settlement through continued mediation with the September 2029 Ad Hoc Group, Unsecured Notes Ad Hoc Group, and the Committee. * Fourth Factor. The significant progress that the Debtors have made in the Chapter 11 Cases, which has included securing authorization to obtain postpetition financing on substantively improved terms reflected by the Final DIP Hearing Resolutions, filing the Plan and the Disclosure Statement and setting a date for the Confirmation Hearing, engaging in extensive mediation efforts with all creditor ad hoc groups and the Committee, and commencing discovery and securing a consensual case timeline for the 2027 Senior Secured Notes Claim Challenge contemplating the resolution of all 2027 Senior Secured Notes Claims in conjunction with the Confirmation Hearing, evidences satisfaction of the fourth factor. * Fifth & Sixth Factors. The Debtors have already filed a confirmable plan supported by various case constituents and do not seek the extension of the Exclusive Periods as a means to exert pressure on the relevant parties in interest. To build broader support of such Plan, the Debtors have engaged in meaningful, good faith mediation with other major creditors, and will continue to engage in such further mediation with the September 2029 Ad Hoc Group, the Unsecured Notes Ad Hoc Group, and the Committee in advance of the Confirmation Hearing to reach an agreement on the Debtors' restructuring. * Seventh Factor. The Debtors continue to make timely payments on their undisputed postpetition obligations. As set forth in the monthly operating reports filed to date, as of December 31, 2025, the Debtors have made approximately $67 million in disbursements since the Petition Date and have a total cash balance of approximately $73 million. Moreover, the Debtors secured Court authorization to obtain postpetition financing in the aggregate principal amount of up to $125 million pursuant to the modified terms outlined in the Final DIP Hearing Resolutions. * Ninth Factor. The Debtors are engaged in the ongoing 2027 Senior Secured Notes Claim Challenge with the 2027 Senior Secured Notes Trustee and 2027 Ad Hoc Group regarding the disallowance of approximately $76.4 million of OID on such notes. The Debtors are also defendants to the ICA Adversary Proceeding which allegedly bears on the Restructuring Support Agreement and the DIP Facility. The need to resolve the valuation of the 2027 Senior Secured First Lien Collateral Properties before Confirmation and the adversary proceedings before the Chapter 11 Cases can be fully closed weighs in favor of this final factor. Counsel for the Debtors: HUNTON ANDREWS KURTH LLP Timothy A. (â€œTadâ€) Davidson II, Esq. Ashley L. Harper, Esq. Philip M. Guffy, Esq. 600 Travis Street, Suite 4200 Houston, TX 77002 Telephone: (713) 220-4200 Email: taddavidson@hunton.com ashleyharper@hunton.com pguffy@hunton.com LATHAM & WATKINS LLP Ray C. Schrock, Esq. Andrew M. Parlen, Esq. Anupama Yerramalli, Esq. Ashley Gherlone Pezzi, Esq. Anthony R. Joseph, Esq. 1271 Avenue of the Americas New York, New York 10020 Telephone: (212) 906-1200 Email: ray.schrock@lw.com andrew.parlen@lw.com anu.yerramalli@lw.com ashley.pezzi@lw.com anthony.joseph@lw.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. OLD FASHION: Hires Davidoff Hutcher & Citron LLP as Counsel ----------------------------------------------------------- Old Fashion Butcher Shop Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Davidoff Hutcher & Citron LLP as counsel. The professional services the firm will render are: a. give advice to the Debtor with respect to its powers and duties as Debtor-in-Possession and the continued management of its property and affairs; b. negotiate with creditors of the Debtor and work out a plan of reorganization and take the necessary legal steps in order to effectuate such a plan including, if need be, negotiations with the creditors and other parties in interest; c. prepare the necessary answers, orders, reports and other legal papers required for a debtor who seeks protection from its creditors under Chapter 11 of the Bankruptcy Code; d. appear before the Bankruptcy Court to protect the interest of the Debtor and to represent the Debtor in all matters pending before the Court; e. attend meetings and negotiate with representatives of creditors and other parties in interest; f. advise the Debtor in connection with any potential refinancing of secured debt and any potential sale of the business; g. represent the Debtor in connection with obtaining post-petition financing; h. take any necessary action to obtain approval of a disclosure statement and confirmation of a plan of reorganization; and i. perform all other legal services for the Debtor which may be necessary for the preservation of the Debtor's estate and to promote the best interests of the Debtor, its creditors and the estate. The hourly rates of the firm's counsel and staff are: Attorneys $450 to $850 Paraprofessionals $275 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received from the Debtor a retainer of $34, 615.75. Robert Rattet, Esq., an attorney at Davidoff Hutcher & Citron, 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 L. Rattet, Esq. Davidoff Hutcher & Citron LLP 120 Bloomingdale Road, Suite 100 White Plains, NY 10605 Telephone: (914) 381-7400 About Old Fashion Butcher Shop Inc. Old Fashion Butcher Shop, Inc. operates a butcher shop in Astoria, New York, providing a range of fresh and dry-aged meats as well as Greek and Italian specialty products such as souvlaki and kebabs. It serves both retail and wholesale customers, focusing on all-natural, hormone-free meat offerings. The company conducts its operations from a single location on Steinway Street in Queens. Old Fashion Butcher Shop filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-45384) on November 10, 2025, listing between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Yanni Kukularis, president of Old Fashion Butcher Shop, signed the petition. Judge Elizabeth S. Stong oversees the cases. Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP represents the Debtors as legal counsel. OM SAI MED: Claims to be Paid from Property Sale Proceeds --------------------------------------------------------- OM Sai Med Center, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Combined Plan and Disclosure Statement dated January 28, 2026. The Debtor owns and operates the Fairbridge Inn & Suites located at 6712 Morningside Drive, Houston, Texas (the "Hotel"). Under the Plan the Debtor will employ real estate broker Marcus and Millichap to immediately market and sell the Hotel and the associated personal property. The Debtor will use the net proceeds of sale to pay Secured and Unsecured Claimants in order of priority. The Debtor believes the proceeds of a foreclosure sale of the real property would yield approximately 70% of market value, and that an auction of the personal property would yield approximately 50% of market value, and that the cost of liquidation would be approximately 1% of the sale amounts. Under this Plan, however, the Debtor will sell all its Assets at an orderly sale at market value and pay Allowed Secured Claims in full. Unsecured Claimants will receive their Pro Rata share of the proceeds remaining after payment of Secured Claims. Therefore, Creditors will receive more under this Plan than they would in a Chapter 7 liquidation. Class 6 consists of Allowed Unsecured Claims. These Claims shall be satisfied by the Debtor's distribution of each Claimant's Pro Rata share of any proceeds of sale remaining after sale of the Debtor's real and personal property and full payment of Classes 1, 2, 3, 4 and 5. These Claims are Impaired, and the holders of these Claims are entitled to vote to accept or reject the Plan. Class 7 consists of Equity Interests. Equity Interests shall be retained by the owners of said Interests. The Debtor will make all payments under the Plan from the net proceeds generated by the sale of the Hotel, the personal property associated with the Hotel, and the Debtor's cash. Should the Debtor be unable to obtain a binding contract within 90 days from the Effective Date to sell the Hotel at a price sufficient to pay Class 1 to 5 Claims in full pursuant to the Plan, any of the Class 1 to 5 Claimants may then exercise their statutory or contractual remedies against the Debtor and its Assets, including foreclosure on the Hotel. On the Confirmation Date of the Plan, all property of the Estate shall vest in the Debtor pursuant to sections 1141(b) and (c) of the Bankruptcy Code, free and clear of all Claims and interests except as otherwise provided in this Plan. This Plan will evidence the release of all Liens or encumbrances against all property dealt with by the Plan, unless such Lien or encumbrance is specifically retained in the Plan. A full-text copy of the Combined Plan and Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=1f9RWI from PacerMonitor.com at no charge. Counsel to the Debtor: Joyce W. Lindauer, Esq. Joyce W. Lindauer Attorney, PLLC 117 S. Dallas Street Ennis, TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 E-mail: joyce@joycelindauer.com About OM Sai Med Center, LLC Om Sai Med Center, LLC, owned by Leena Patel, operates a hotel under the name Fairbridge Inn & Suites at 6712 Morningside Dr., Houston, Texas, providing lodging services in the hospitality industry. Om Sai Med Center sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-36622) on November 3, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC. OROVILLE HOSPITAL: Hires Ordinary Course Professionals ------------------------------------------------------ Oroville Hospital and affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of California to employ ordinary course professionals. The Debtors hire these ordinary course professionals: Professional Service Zimmerman Law PC Litigation Counsel – 1755 Creekside Oaks Medical Malpractice Drive Suite 240, Sacramento, CA 95833 Palmer Kazanjian Litigation Counsel – Wohl Hodson LLP Labor Counsel 2277 Fair Oaks Blvd #455 Sacramento, CA 95825 Weintraub Tobin Litigation and 400 Capitol Mall 11th Floor Construction Counsel Sacramento, CA 95814 La Follette Johnson Litigation Counsel – Dehaas Fesler & Ames Medical Malpractice 655 University Avenue Suite 119 Sacramento, CA 95825 Bird, Marella Government Information Request Boxer, Wolpert Response Lauria, Tokunaga Medical Malpractice/ Gates & Linn General Liability Law Bonne, Bridges, Mueller Medical Staff Legal Milliman Inc. Property Valuation Services Leech Tishman Corporate Integrity Agreement Toyon Associates, Inc. Financial Consulting Armanino LLP Tax Services Blanco + Hopkins PR Firm Associates LLC Absher Healthcare Consulting HQAF Consultant 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. OUT ON A LIMB: Employs Olsen Taggart PLLC as Legal Counsel ---------------------------------------------------------- Out on a Limb, LLC seeks approval from the U.S. Bankruptcy Court for the District of Idaho to hire Steven L. Taggart of Olsen Taggart PLLC to serve as legal counsel. Mr. Taggart will provide these services: (a) give the Debtor legal advice with respect to its powers and duties under Chapter 11, subchapter V; (b) assist the Debtor in preparing and confirming a Chapter 11 Plan; (c) prepare on behalf of Debtor all necessary applications, answers, orders, reports and other legal papers required by the Court and/or necessary for successful completion of the Chapter 11, subchapter V case; and (d) perform all other necessary legal services on behalf of Debtor. Mr. Taggart will receive an hourly rate of $300, with other attorneys or staff in the office of Olsen Taggart PLLC utilized on an as needed basis. A retainer of $5,260 is being held by Olsen Taggart PLLC. Olsen Taggart 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: Steven L. Taggart, Esq. OLSEN TAGGART PLLC P. O. Box 3005 Idaho Falls, ID 83403 Telephone: (208) 552-6442 Facsimile: (208) 524-6095 E-mail: staggart@olsentaggart.com About Out on a Limb, LLC Out on a Limb, LLC, doing business as Carlin Construction, operates as a construction and excavation contractor based in Bloomington, Idaho, providing site preparation, grading, land clearing, home building, renovations, and related services for residential and commercial clients. Out on a Limb, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No. 26-40051-BRW) on January 28, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Brent R. Wilson oversees the case. Olsen Taggart PLLC is Debtor's legal counsel. OUT ON A LIMB: Gary Rainsdon Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 18 appointed Gary Rainsdon as Subchapter V trustee for Out on a Limb, LLC. Mr. Rainsdon will be paid an hourly fee of $250 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rainsdon declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gary L. Rainsdon PO Box 506 Twin Falls, ID, 83303 O. (208) 734-1180 Email: trustee@atcnet.net About Out on a Limb LLC Out on a Limb, LLC, doing business as Carlin Construction, operates as a construction and excavation contractor based in Bloomington, Idaho, providing site preparation, grading, land clearing, home building, renovations, and related services for residential and commercial clients. Out on a Limb filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Idaho Case No. 26-40051) on January 28, 2026, listing between $1 million and $10 million in assets and liabilities. Judge Brent R. Wilson presides over the case. Steven L. Taggart, Esq., at Olsen Taggart, PLLC represents the Debtor as legal counsel. OUT ON A LIMB: Seeks Chapter 11 Bankruptcy in Idaho --------------------------------------------------- On January 28, 2026, Out on a Limb, LLC filed for Chapter 11 protection in the District of Idaho. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Out on a Limb, LLC Out on a Limb, LLC is a limited liability company. Out on a Limb, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40051) on January 28, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Brent R. Wilson handles the case. The Debtor is represented by Steven L. Taggart, Esq., of Olsen Taggart PLLC. PALADIN CAPITAL: Seeks to Employ Sherrard Roe Voigt as Counsel -------------------------------------------------------------- Paladin Capital, Inc., et al. seek approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ Sherrard Roe Voigt & Harbison, PLC to serve as their counsel in the jointly administered Chapter 11 cases. The firm will provide these services: (a) render legal advice with respect to the rights, powers, and duties of the Debtors in the management of their property; (b) prepare all necessary pleadings, orders, and reports with respect to these proceedings and render all other legal services as may be necessary or proper; (c) assist and counsel the Debtors in the preparation, presentation, and confirmation of their Plans of Reorganization; and (d) perform all other legal services that may be necessary and appropriate in the general administration of these estates. The firm's hourly rates range from $410 for new associates to $1,060 for senior partners. Paralegal rates range from $300 to $390. Michael G. Abelow, the partner expected to perform the majority of the legal services, has an hourly rate of $720. Associate Brettson J. Bauer has an hourly rate of $460. According to court filings, Sherrard Roe Voigt & Harbison, PLC is a "disinterested person" within the meaning of Sections 101(14) and 327 of the Bankruptcy Code, subject to the disclosures set forth in the application. The firm can be reached at: Michael G. Abelow, Esq. Brettson J. Bauer, Esq. SHERRARD ROE VOIGT & HARBISON, PLC 1600 West End Avenue, Suite 1750 Nashville, TN 37203 Telephone: (615) 742-4532 E-mail: mabelow@srvhlaw.com bbauer@srvhlaw.com About Paladin Capital, Inc. Paladin Capital, Inc., based in Brentwood, Tennessee, is a holding company that owns and manages a group of operating subsidiaries primarily engaged in general freight trucking and related transportation services. Its operating companies, including Quickway Logistics, Quickway Carriers, Magnum Express, Volunteer Express, Dolphin Line, provide for-hire truckload transportation, logistics coordination, fleet leasing, maintenance, warehousing, and other support services across the United States. Paladin Capital, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-00316) on January 26, 2026. In its petition, the debtor reported estimated assets of$10 million to $50 million and estimated liabilities of $100 million to $500 million. The case is handled by Honorable Bankruptcy Judge Charles M. Walker. The Debtor is represented by Michael G. Abelow, Esq., of Sherrard Roe Voigt & Harbison, PLC. Twenty-five affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Paladin Capital, Inc. (Lead Case) 26-00316 Quickway Logistics, Inc. 26-00317 Quickway Carriers, Inc. 26-00318 Quickway Services, Inc. 26-00319 Quickway Transportation, Inc. 26-00320 CCL Permitting, LLC 26-00321 Capital City Leasing, Inc. 26-00322 Freight Contracting Services, LLC 26-00323 Volunteer Express, Inc. 26-00324 Robert Bearden, Inc. 26-00325 Dolphin Line, Inc. 26-00326 K&L, LLC 26-00327 RC Trailer Sales & Service Company, Inc. 26-00328 RC Enterprises, LLC 26-00329 SNL Distributing Services Corp. 26-00330 Central Logistics, Inc. 26-00331 L Street Ventures Inc. 26-00332 Magnum Express. Inc. 26-00333 Magnum Logistics, Inc. 26-00334 Magnum Warehouse Services, LLC 26-00335 SG Express, Inc. 26-00336 Wildhorse Fleet Services, LLC 26-00337 Sutherland National Insurance Company, LLC 26-00338 QW Leasing 26-00339 Nacarato Truck Leasing, WE#2, Inc. 26-00340 PINT & BEAN: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, entered a second interim order authorizing Ping & Bean Cafe & Taproom, LLC, a Chapter 11 Subchapter V debtor, to continue using cash collateral. The Debtor is authorized to use cash collateral only in accordance with the approved budget, subject to a 15% variance per line item, unless otherwise approved by the court. The court emphasized that the Debtor has remained in possession of its assets and continues to operate in the ordinary course under 11 U.S.C. section 1107 and 1108. As adequate protection, the U.S. Small Business Administration will be granted a replacement lien, with the same priority as its pre-petition liens but no liens will be granted on Chapter 5 avoidance actions or their proceeds. The order further provides that Bexar County ad valorem tax liens and any post-petition statutory tax liens under Texas law are not subordinated or primed by any liens granted in the order. The final hearing is scheduled for February 17. About Ping & Bean Cafe & Taproom LLC Ping & Bean Cafe & Taproom, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52976-cag) on December 9, 2025. In the petition signed by Joseph O'Hare, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Craig A. Gargotta oversees the case. Paul Steven Hacker, Esq., at Hacker Law Firm, PLLC, represents the Debtor as legal counsel. PRETIUM PACKAGING: Unsecureds be Paid in Full or be Reinstated -------------------------------------------------------------- Pretium Packaging, L.L.C. and affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement for the Joint Prepackaged Plan dated January 28, 2026. Pretium is a leading designer and manufacturer of rigid packaging, including plastic bottles, jars, closures, trays, and other containers. Pretium commences these chapter 11 cases to implement a highly consensual recapitalization transaction in partnership with its primary equity sponsor and lenders holding approximately 88.6 percent of the outstanding First Lien Tranche A-1 Term Loans and 81.2 percent of the outstanding Second Lien Term Loans (collectively, the "Consenting Lenders") through a prepackaged chapter 11 plan of reorganization. The Company has spent significant time over the past several months working with its key economic stakeholders, including (a) its primary equity sponsor Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake" or the "Sponsor") and (b) an ad hoc group of lenders (the "Ad Hoc Group") to explore strategic alternatives that maximize value for stakeholders and best position the Company for success. On December 30, 2025, the Company entered into the Restructuring Support Agreement with lenders holding approximately 83.6 percent of the First Lien Tranche A-1 Term Loans and 75.6 percent of the Second Lien Term Loans (the "Initial Consenting Lenders") and Clearlake, in its capacity as the Company's primary equity sponsor and New Money Investor, documenting the Restructuring Transactions. The key terms of the Restructuring Transactions, as reflected in the Restructuring Support Agreement and the Plan, include the following: * the Company will raise a DIP ABL Facility with a $100 million revolving line of credit, which will provide liquidity for the Chapter 11 Cases together with the DIP Term Loans, refinance all prepetition ABL Claims, and, on the Effective Date, be either paid in full in Cash or, at the Debtors' election, be refinanced by the Exit ABL Facility set forth in the Exit ABL Commitment Letter attached to this Disclosure Statement as Exhibit G; * the Company will raise up to $533.5 million of new money DIP Term Loans from the Holders of First Lien Tranche A-1 Claims, fully backstopped by the Backstop Parties in accordance with the Backstop Commitment Letter attached hereto as Exhibit H, the outstanding principal amount of which will, on the Effective Date, convert on a cashless, dollar-for-dollar basis into the Exit First-Out Term Loans; * in addition to the opportunity to fund the DIP Term Loans and the Exit First-Out Term Loans, Holders of First Lien Tranche A-1 Claims will receive (i) First Lien New Equity equal to 72.5 percent of New Equity in the Reorganized Debtors, subject to dilution as set forth in the Plan and (ii) approximately $500 million of Exit Second-Out Term Loans; * as consideration for the Holders of the First Lien Tranche A-1 Claims to participate in the funding of the DIP Term Loans and the Exit First-Out Term Loans, they will receive the Participation Premium equal to 10 percent of the aggregate committed amount, payable in New Equity, which will dilute the First Lien New Equity; * as consideration for the Backstop Parties to backstop 100 percent of the DIP Term Loans and the Exit First-Out Term Loans, they will receive the Backstop Premium equal to 11.5 percent of the aggregate backstop commitment payable in New Equity, in accordance with the Backstop Commitment Letter attached hereto as Exhibit H, which will dilute the First Lien New Equity; * the New Money Investor will make a $50 million New Money Investment in exchange for New Money New Equity equal to 21.9 percent of New Equity; * General Unsecured Claims will be paid in full in the ordinary course of business or otherwise Unimpaired; and * Existing Interests in Poseidon Parent L.P., the ultimate parent entity of the Debtors, will be canceled without distribution. Class 6 consists of General Unsecured Claims. Each Holder of an Allowed General Unsecured Claim shall receive, in full and final satisfaction of such General Unsecured Claim, at the option of the applicable Debtor or Reorganized Debtor, either (i) Reinstatement of such Allowed General Unsecured Claim pursuant to section 1124 of the Bankruptcy Code or (ii) payment in full in Cash on the Effective Date. The allowed unsecured claims total $16.1 million. The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under the Plan with: (1) the Debtors' Cash on hand as of the Effective Date, (2) the proceeds of the Exit Facilities, the New Money Investment, and the Cash Out Option Investment, and (3) the New Money Investor Wind Down Investment, if any. A full-text copy of the Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=hjp4lx from Stretto, Inc., claims agent. Proposed Co-Counsel to the Debtors: Michael D. Sirota, Esq. Warren A. Usatine, Esq. Felice R. Yudkin, Esq. COLE SCHOTZ P.C. Court Plaza North, 25 Main Street Hackensack, New Jersey 07601 Tel: (201) 489-3000 Email: msirota@coleschotz.com wusatine@coleschotz.com fyudkin@coleschotz.com Proposed Co-Counsel to the Debtors: Steven N. Serajeddini, P.C. Jordan E. Elkin, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 601 Lexington Avenue New York, New York 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 Email: steven.serajeddini@kirkland.com jordan.elkin@kirkland.com AND Anup Sathy, P.C. Yusuf Salloum, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 333 West Wolf Point Plaza Chicago, Illinois 60654 Tel: (312) 862-2000 Fax: (312) 862-2200 Email: anup.sathy@kirkland.com yusuf.salloum@kirkland.com About Pretium Packaging LLC Pretium Packaging LLC is a Missouri-based packaging solutions company specializing in custom-designed labels and packaging products for retail, consumer goods, and industrial customers. The company provides a range of label technologies and services to support brand presentation, product traceability, and supply chain needs. Pretium Packaging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10896) on January 28, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. PROSPECT MEDICAL: No Patient Care Concerns, 6th PCO Report Says --------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her sixth report regarding the quality of patient care provided by Prospect Medical Holdings and its affiliates. In her report, which covers the period from November 29, 2025 to January 27, 2026, the ombudsman developed a standardized methodology to ensure consistent reporting by her representatives across the healthcare providers' multiple hospital locations. Each site visit included the ombudsman and a nurse representative from SAK Healthcare who met with hospital leadership, toured the facilities, interviewed key staff and patients when possible, and reviewed hospital records as part of the assessment. The ombudsman did not observe any material patient care issues requiring the court's immediate attention, though individual hospital reports provide detailed analyses. She did note areas where the hospitals could improve the patient care experience and has discussed these with the healthcare providers. The ombudsman commended Rhode Island Hospital staff for their dedication during this uncertain period as the hospitals prepare for potential closure, noting no significant increase in call-outs or resignations following the Debtors' announcement. The ombudsman observed no staffing issues that endangered patients; staffing levels appeared sufficient and interviewed patients reported satisfaction with responsive and respectful care. Ms. Koenig found no concerns with the procurement of necessary items, and supply rooms appeared adequately stocked to support safe patient care. The ombudsman may be reached at: Suzanne Koenig, CEO SAK Healthcare 300 Saunders Road, Suite 300 Riverwoods, IL 60015 Phone: 847-446-8400 Email: skoenig@sakhealthcare.com About Prospect Medical Holdings Prospect Medical Holdings owns Roger Williams Medical Center, Our Lady of Fatima Hospital, and several other healthcare facilities. Prospect Medical Holdings and its affiliates filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 25-80002) on January 11, 2025. At the time of the filing, Prospect Medical Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Stacey G. Jernigan handles the cases. The Debtors' bankruptcy attorneys are Thomas R. Califano, Esq., and Rakhee V. Patel, Esq., at Sidley Austin LLP, in Dallas, Texas; and William E. Curtin, Esq., Patrick Venter, Esq., and Anne G. Wallice, Esq., at Sidley Austin LLP, in New York. The Debtors also tapped Alvarez & Marsal North America, LLC as financial advisor; Houlihan Lokey, Inc. as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. Suzanne A. Koenig is the patient care ombudsman appointed in the Debtors' cases. R & S PROPERTY: Claims to be Paid from Rental Income ---------------------------------------------------- R & S Property Investment Group LLC filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing Plan of Reorganization dated January 28, 2026. The Debtor is a limited liability company. The Debtor is in the business of real estate. Lender's initial loan matured and lender would not extend terms to continue the loan or provide timely details to refinance the loan. In an effort to remedy the problems that led to the bankruptcy filing, debtor has implemented the following procedures: evaluating possibilities of rent increases. This is a reorganizing plan. In other words, the Proponent seeks to accomplish payment under the plan by utilizing future rents to fund the payments. The Plan will be funded by future rents. Suraj Desai shall act as the disbursing agent for the purpose of making all distributions provided for under the Plan. The Disbursing Agent shall be compensated as set forth in the Plan. A full-text copy of the Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=oFN3xB from PacerMonitor.com at no charge. Counsel to the Debtor: David L. Chapman, Esq. 266 Highway 34 Matawan, NJ 07747 Telephone: (732) 921-2161 Email: Chapmanlaw646@gmail.com About R & S Property Investment Group R & S Property Investment Group LLC is in the business of real estate. The Debtor filed its voluntary petition for Chapter 11 protection (Bankr. D.N.J. Case No. 25-20858) on Oct. 14, 2025, listing up to $1 million in assets and up to $500,000 in liabilities. Judge Christine M. Gravelle oversees the case. The Debtor tapped David L. Chapman, Esq., as counsel. RAYFORD SURGICAL: Case Summary & One Unsecured Creditor ------------------------------------------------------- Debtor: Rayford Surgical Center LLC 25440 I-45 North Ste. 200 Spring, TX 77386 Business Description: Rayford Surgical Center LLC owns multiple land parcels in Spring, Texas, including a restricted reserve in Block 1 of Spring Surgical Center Subdivision, an unrestricted reserve in Block 1 of Pollack Medical Plaza, and an unrestricted reserve in a subdivision of EVEN Holdings LLC, all recorded in Montgomery County, with a total appraised value of $22.4 million, and operates in the healthcare-related real estate sector. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-30744 Judge: Hon. Jeffrey P Norman Debtor's Counsel: Samuel L. Milledge, Esq. THE MILLEDGE LAW GROUP PC 1235 North Loop West 725 Houston TX 77008 Tel: (713) 812-1409 E-mail: milledge@milledgelawfirm.com Total Assets: $23,070,000 Total Liabilities: $15,001,783 The petition was signed by Ravi Moparty as managing member. The Debtor listed The Milledge Law Group PC, located at 1235 North Loop West 725, Houston, TX 77008, as its sole unsecured creditor, with a $1,783 claim. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HZHFRPA/Rayford_Surgical_Center_LLC__txsbke-26-30744__0001.0.pdf?mcid=tGE4TAMA REDDEN-WOOD & ASSOCIATES: Gets Final OK to Use Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of West Virginia entered a final order authorizing Redden-Wood & Associates, Inc. to use cash collateral to fund operations. The court found that continued access to cash collateral is necessary to maintain the Debtor's operations and support the reorganization process. Under the final order, Redden-Wood & Associates, Inc. is required to continue making its regularly scheduled payments to the U.S. Small Business Administration in the approximate amount of $2,685 per month and to maintain appropriate business insurance coverage. The court granted the SBA replacement liens on the Debtor's post-petition property, up to the value of its secured claim as of the petition date. These liens are automatically perfected upon entry of the order and will remain in effect until the case is dismissed or a Chapter 11 plan is confirmed, at which point payments will proceed under applicable non-bankruptcy law or the confirmed plan. The final order is available at https://www.pacermonitor.com/view/5ZHQKCI/Redden-Wood__Associates_Inc__wvnbke-25-00754__0072.0.pdf?mcid=tGE4TAMA. About Redden-Wood & Associates, Inc. Redden-Wood & Associates, Inc., filed a Chapter 11 bankruptcy petition (Bankr. N.D.W. Va. Case No. 2:25-bk-00754) on January 1, 2026, with $0 to $50,000 in both assets and laibilities. The Debtor is represented by: Ryan Winquist Johnson Johnson Legal Services, PLLC 304-212-4950 johnson.legal.services.pllc@gmail.com ROBINSON FAMILY: Hires Joyce W. Lindauer Attorney as Counsel ------------------------------------------------------------ Robinson Family Real Estate Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division to hire Joyce W. Lindauer of Joyce W. Lindauer Attorney, PLLC to serve as bankruptcy counsel, effective January 5, 2026. Ms. Lindauer and her firm will provide these services: (a) propose a Plan of Reorganization; (b) defend the Debtor in various matters arising in the Chapter 11 case; and (c) perform all legal services necessary to represent the Debtor in the bankruptcy proceedings. Joyce W. Lindauer Attorney, PLLC has received a $5,000 retainer, which included the $1,738 filing fee, paid by Michael Robinson, President of the Debtor. Hourly rates disclosed in the application are $625 for Joyce W. Lindauer, $595 for Paul B. Geilich, Of Counsel, and $250 for paralegal services. The Debtor has agreed to reimburse the firm for reasonable out-of-pocket expenses. Fee applications will be submitted pursuant to Bankruptcy Code Section 330 and Bankruptcy Rule 2016. According to court filings, Joyce W. Lindauer Attorney, PLLC and its professionals do not hold or represent any interest adverse to the Debtor or the estate and are disinterested persons within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joyce W. Lindauer Joyce W. Lindauer Attorney, PLLC 117 S. Dallas St. Ennis TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 About Robinson Family Real Estate Holdings Robinson Family Real Estate Holdings, LLC, a company in Irving, Texas, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40065) on January 5, 2026, with $1 million to $10 million in assets and liabilities. Michael Robinson, president, signed the petition. Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC represents the Debtor as bankruptcy counsel. SAKS GLOBAL: Ends 'Saks on Amazon' Partnership ---------------------------------------------- Saks Global, which recently filed for Chapter 11 bankruptcy, is ending its partnership with Amazon to sell products through the "Saks on Amazon" platform, a source told Reuters. The arrangement was part of a deal following Amazon's $475 million investment in the retailer in 2024, but struggled to attract participation from top luxury brands and imposed hefty payment obligations on Saks. As the retailer restructures under bankruptcy protection, it has exercised its right to wind down the contract in order to refocus efforts on its own e-commerce site, Saks.com, where it believes it can better control traffic and brand presentation. The partnership had obligated Saks to pay Amazon roughly $900 million over eight years, terms that the company no longer sees as aligned with its strategy, the report states. An Amazon spokesperson said its broader luxury offerings continue to grow with new brands, though the legal teams for both companies have signaled potential disputes in bankruptcy court over collateral and contractual commitments. Saks declined to comment on the development. About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as investment banker, Berkeley Research Group is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst CNC is serving as a strategic communications advisor to the Ad Hoc Group. SAN FRANCISCO CARE: Amends Unsecured Claims Pay Details ------------------------------------------------------- San Francisco Care Center, LP submitted a First Amended Combined Plan of Liquidation and Disclosure Statement dated January 28, 2026. Until recently, the Debtor, doing business as The Avenue, operated an assisted living facility for elderly and memory care residents, located at 1035 Van Ness Avenue, San Francisco, CA 94109 (the "Property"). After extensive marketing of the Property for sale, the Debtor entered into a purchase and sale agreement with The San Francisco Housing Accelerator Fund ("SFHAF") to sell the Property for the price of $27,750,000, and on May 23, 2025, the Court entered the Order Approving Sale Of Property And Related Relief, granting the Debtor's motion to sell the Property to SFHAF or its assignee, Swords to Plowshares Veterans Rights Organization, a nonprofit public benefit corporation. The sale of the Property was completed on July 9, 2025. The Debtor now holds approximately $7.2 million in net unencumbered proceeds from the sale of the Property, in addition to the Class 1 Fund, encumbered by Lenox's security interest. In the sale process, Lenox submitted a payoff demand into escrow in an amount in excess of $19,000,000. The Debtor disputed portions of the demand, principally with regard to demanded reimbursement of Lenox's alleged legal costs. In order to complete the sale notwithstanding the dispute, Lenox and the Debtor agreed to reserve the sum of $661,000 pending resolution of that dispute. That dispute was brought before the Court, and on September 26, 2025, the Bankruptcy Court ruled in favor of the Debtor. Thereafter, the Debtor brought a motion for an order requiring Lenox to reimburse its legal costs in successfully challenging Lenox's payoff demand. That motion was granted over Lenox's opposition as well. In all, Lenox is required to pay over to the Debtor the full amount of the $661,000.00 reserved funds, plus $10,069.90. Lenox has appealed both of those rulings, and by stipulation, the Debtor now holds the disputed amounts in the Class 1 Fund. The Debtor's assets now consist primarily of the net proceeds of sale of the Property, including the disputed portion of funds related to the disputes with Lenox. Those funds will be distributed under the Plan to administrative and priority creditors, unsecured creditors and equity interest holders (general and limited partners) in the order prescribed by the Bankruptcy Code, according to the terms of the Plan. Class 2(a) consists of General Unsecured Claims Other Than Partner Loan Claims. The allowed unsecured claims total $6,266,509.80. Allowed claims within Class 2(a) shall be paid as follows: Creditors within this class will receive payment of 75% of allowed amounts as of the Petition Date on the later of: (a) on or immediately after the Effective Date, or (b) as soon thereafter as their claim is allowed if disputed, without interest; subject to the provisions. General Partner Claim: The Debtor has scheduled a claim by its general partner, Van Ness Care Center, a California corporation ("VNCC"), in the amount of $5,506,396.26, for unpaid management fees invoiced and owing under the terms of the Debtor's partnership agreement (the "GP Claim"). Upon written request, any holder of an allowed interest within Class 3 may obtain underlying documentation of the claim. The vice president and a major shareholder of VNCC is Teresa Wong, who is also the responsible officer of the Debtor. VNCC contends that the claim is allowable at least in the amount scheduled and can be amended to increase the claim to the amount of $6,616,574.76. The GP Claim will be treated as follows: * Subordination: The GP Claim will be subordinated and paid only to the extent funds are available after payment or reserves have been made for all administrative and priority claims and all claims within Classes 2(a) and 2(b), to the extent required by the Plan. * Claim Amendment: In exchange for such subordination, VNCC shall be deemed to have timely amended the GP Claim to increase the amount of the claim to $6,616,574.76, subject to timely challenge as to the merits and amount of the claim, but not as to the timeliness of such amendment. * Objections to GP Claim: All holders of allowed interests in Class 3 shall have an opportunity to object to the GP Claim by filing such objection stating the detailed grounds therefor, and serving the same on the Debtor and on VNCC within thirty days following the date of entry of an order confirming the Plan. Such objection will then be litigated in the Bankruptcy Court as a contested matter, and will be subject to settlement only with approval by the Bankruptcy Court under the standards of Rule 9019(a) of the Federal Rules of Bankruptcy Procedure. Class 2(b) consists of Partner Loan Claims. The allowed unsecured claims total $1,218,388.96. Allowed claims within Class 2(b) shall be paid as follows: * Full Payment: Creditors within this class will receive 100% of the allowed amounts of such claims, plus interest from the Petition Date until payment, at the Postpetition Rate. Each allowed claim within this Class will be paid on the later of (a) the Effective Date (in the event that the claimant has accepted the settlement, without interest), or (b) the date on which an order of this Court allowing such claim becomes final and no longer subject to appeal or reconsideration. The "Postpetition Rate" means the interest rate, if any, applicable contractually or under state law to such claim. * Optional Settlement: Each claimholder in Class 2(b) may choose to settle their disputed claim, thereby resolving the pending claim objection their claim, as follows: If timely accepted, the consenting claimholder (a) shall be deemed to hold an allowed claim in an amount equal to 50% of the claim amount stated in the claimant’s proof of claim; and (b) shall be deemed to have waived (i) any postpetition interest on such claim, and (ii) any equity interest in Class 3. In order to opt for this settlement, a claimant must check the box indicating consent on the ballot furnished to the claimant, and timely return the completed and signed ballot as instructed therein. Each such claimholder has an independent opportunity to accept the settlement, separate and apart from other claimholders. * Reserve Fund. As of the Effective Date, the Debtor will set aside a reserve fund (the "Class 2(b) Fund") equal to the full amount of each claim within Class 2(b) other than those that have been resolved and paid consensually, plus 15% thereof. The Class 2(b) Fund will be held without use except as follows: If a disputed Class 2(b) claim becomes an allowed claim, Debtor shall immediately distribute to the claimant from the reserve an amount equal to the allowed amount such claim, plus interest at the Postpetition Rate, unless such claimant and the Debtor agree to other terms. All other funds within the Class 2(b) Fund held with respect to such claim shall be disbursed to the Debtor. * Continued Litigation: Failure to timely accept this settlement will result in continued litigation of the applicable claim objection. 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, subject to revesting upon conversion to Chapter 7. Except as provided in Part 6(d) and (e), the obligations to creditors that the Debtor undertakes in the confirmed Plan replace those obligations to creditors that existed prior to the Effective Date of the Plan. The 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. A full-text copy of the First Amended Combined Plan and Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=Uxd7Ik from PacerMonitor.com at no charge. Counsel to the Debtor: Merle C. Meyers, Esq. MEYERS LAW GROUP, P.C. 100 Shoreline Highway, Ste. B-160 Mill Valley, CA 94941 Tel: (415) 362-7500 Fax: (415) 362-7515 Email: mmeyers@meyerslawgroup.com About San Francisco Care Center San Francisco Care Center, LP owns and operates a residential care and memory facility for the elderly, with patients ranging in age from 80 to 100 years old. The Debtor provides services to assist residents with their daily activities, such as feeding, bathing, dressing, medication management, toileting and mobility support. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30025) on January 14, 2025. In the petition signed by Teresa Wong, managing partner, the Debtor disclosed up to $50 million in both assets and liabilities. The Debtor is represented by Sarah M. Stuppi, Esq. at Law Offices Of Stuppi And Stuppi. SANTA PAULA: Hires Ten-X LLC as Online Real Estate Auctioneer ------------------------------------------------------------- Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Ten-X, LLC as online commercial real estate auctioneer. The firm will market and auction the following real properties: -- Ranch 25 Whisler Rd, Mc Farland, CA 93250; -- Ranch 10 24007 Avenue 2, Delano, CA 93215-9414; -- Ranch 4 Porterville Hwy, Delano, CA 93215; -- Ranch 65A Porterville Hwy, Delano, CA 93215; -- Ranch 65B Porterville Hwy, Delano, CA 93215; -- Ranch 65C Porterville Hwy, Delano, CA 93215; -- Ranch 65D Porterville Hwy, Delano, CA 93215; -- Jasmine Ranch 11258 Porterville Hwy, Delano, CA 93215; -- Ranch 2 Road M-1 Rd, Ducor, CA 93218. The firm will be paid a commission of 3 percent of the total purchase price for any of the real properties sold, but in no event shall such fee be less than $20,000 per property nor more than $300,000 per property. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jessica Figueroa Ten-X, LLC 17600 Laguna Canyon Road Irvine, CA 92618 Tel: (888) 952-6393 Email: brokerdesk@ten-x.com About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SHAI CREATES: Unsecureds to Split $10,800 over 36 Months -------------------------------------------------------- Shai Creates, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Washington a Plan of Reorganization dated January 27, 2026. The business began operating in January, 2020 as a brand, design, and marketing agency. In August 2024, the Debtor hired a full-time social media manager with the expectation that this would be a strategic investment and would allow the business to expand, strengthen the professional presence, and generate new inbound business throughout the following year. Unfortunately, this position did not materialize the desired results and instead required extensive training, corrections, and frequent reworking of assignments, pulling significant time and attention away from revenue-generating activities. The business carried the full burden of payroll during this time without receiving the anticipated increase in revenue. In an effort to continue operating, the Debtor incurred debt including high interest loans, draws from a line of credit, and use of credit cards, all of which quickly became difficult to maintain. In August, 2025 the Debtor made the difficult decision to let go of the new employee as well as two additional team members in an effort to reduce overhead and continue operations. The Debtor has also experienced a decline in revenue following the loss of a large contract. Facing mounting collection pressure and the reduction in gross income, a Petition under Chapter 11, Subchapter V was filed on January 3, 2026 (herein the "Petition Date") in an effort to reorganize the outstanding debt and to allow the Debtor to continue operating. This Plan provides for unclassified administrative claims, two classes of general unsecured claims, and one class of equity security holders. Class 1 consists of General Unsecured claims. Class 1 claims will be paid a prorata share of $10,800.00. Payments will be made in the amount of $300.00 per month following payment in full to the Subchapter V Trustee and continue for 36 months. To maximize efficiency for Class 1 claims and the Debtor, the Debtor may pay the total amount to be received under the plan to each creditor as a lump sum payment following payment in full to the Subchapter V Trustee. This Class is impaired. Class 2 consists of Unsecured Claim of Hasibun Nahar. The claim of Hasibun Nahar represents an insider loan. No distribution will be made until such time as all payments under the terms of the Plan are paid in full. The Plan will be funded with revenue from the Debtor's operation. It is anticipated the Debtor's fixed expenses will remain relatively constant moving forward with variable expenses increasing proportionately with revenue. Debtor expects the income and expenses to remain consistent through the life of the Plan. A full-text copy of the Plan of Reorganization dated January 27, 2026 is available at https://urlcurt.com/u?l=9azRH9 from PacerMonitor.com at no charge. Counsel to the Debtor: Jennifer L. Neeleman, Esq. Thomas D. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Shai Creates LLC Shai Creates LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00003) on January 3, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $100,001 to $1,000,000. Honorable Bankruptcy Judge Frederick P. Corbit handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq., of Neeleman Law Group, P.C. SHELLE REALTY: Seeks to Hire Ehrhard & Associates as Legal Counsel ------------------------------------------------------------------ Shelle Realty, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire Ehrhard & Associates, P.C. to serve as legal counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties in these proceedings; (b) prepare on behalf of the Debtor the necessary applications, answers, orders, reports and other legal papers; (c) perform all other legal services for the Debtor which may be necessary herein; and (d) represent the Debtor with the sale, refinance or restructuring of the Debtor's property. Ehrhard & Associates, P.C. will receive an hourly rate of $325 for senior attorneys, and $175 for paralegals. The firm 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: James P. Ehrhard, Esq. Ehrhard & Associates, P.C. 27 Mechanic Street, Suite 101 Worcester, MA 01608 Telephone: (508) 791-8411 E-mail: ehrhard@ehrhardlaw.com About Shelle Realty, LLC Shelle Realty, LLC invests in and manages residential properties with a focus on affordable and recovery housing across multiple states. Shelle Realty, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 25-12293-CJP) on October 24, 2025. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Christoper J. Panos oversees the case. Ehrhard & Associates, P.C. is Debtor's legal counsel. SHIELDS NURSING: No Resident Complaints, Ombudsman Report Says -------------------------------------------------------------- Fay Gordon, the State Long-Term Care Ombudsman (LTCO), filed with the U.S. Bankruptcy Court for the Northern District of California her report regarding the quality of patient care provided at Shields Nursing Centers, Inc.'s skilled nursing facilities. The LTCO visited Shields Richmond Nursing Center on November 25 and December 9, 2025, and January 6, meeting with over a dozen residents and family members to follow up on prior concerns about food quality and slow call-light response. During visits at varying times, multiple residents reported continued improvements in food quality, temperature, and variety. Staffing appeared improved, and call-light response times were timely. No complaints or unsafe discharges were reported during the period. The LTCO visited Shields Nursing Center–El Cerrito on November 25 and December 9, 2025, and January 7, meeting with multiple residents, including during lunch. No complaints were received, care quality appeared adequate, and no unsafe discharges were reported during the period. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=lSSUzG from PacerMonitor.com. About Shields Nursing Centers Shields Nursing Centers, Inc. owns and operates a skilled nursing facility in Hercules, Calif., which offers rehabilitation programs including physical, occupational and speech therapy. Shields Nursing Centers filed its voluntary Chapter 11 petition (Bankr. N.D. Calif. Case No. 23-41201) on Sept. 20, 2023, with $1,726,970 in assets and $13,504,710 in liabilities. Judge Charles Novack oversees the case. The Law Offices of Michael Jay Berger serves as the Debtor's bankruptcy counsel. SIBUNA GROUP: Hires Giddens Mitchell & Associates as Counsel ------------------------------------------------------------ Sibuna Group LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Giddens, Mitchell & Associates P.C. as counsel. The firm will provide these services: a. give the Debtor legal advice with respect to the Debtor's powers and duties as Debtor in Possession in the continued management of the Debtor's property; b. prepare on behalf of the Debtor as Debtor in Possession all necessary applications, answers, motions, orders, reports and other legal papers; and c. perform all other legal services for the Debtor in Possession that may be necessary in this case. The firm will be paid at these rates: Kenneth Mitchell, Sr. $450 per hour Bobby L. Giddens $450 per hour Kenneth Mitchell, Jr. $450 per hour Alycesin Sadler, Paralegal $150 per hour Alicia Dennis, Paralegal $150 per hour The firm was paid a retainer in the amount of $5,000. Giddens, Mitchell & Associates will also be reimbursed for reasonable out-of-pocket expenses incurred. Kenneth Mitchell, Sr., Esq., a partner at Mitchell & Associates, 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: Kenneth Mitchell, Sr., Esq. Mitchell & Associates, P.C. 3951 Snapfinger Parkway, Suite 555 Decatur, GA 30035 Tel: (770) 987-7007 About Sibuna Group LLC Sibuna Group LLC is a Georgia-based limited liability company. Sibuna Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58300) on July 25, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities up to $50,000. Giddens, Mitchell & Associates P.C. as counsel. SOURCE MORTGAGE: James Bailey Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 8 appointed James Bailey, III of Butler Snow, LLP as Subchapter V trustee for Source Mortgage & Funding, Inc. Mr. Bailey will be paid an hourly fee of $650 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Bailey 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 E. Bailey III Butler Snow, LLP 6075 Poplar Avenue, Suite 500 Memphis, TN 38119 Phone: (901) 680-7347 Email: Jeb.Bailey@butlersnow.com About Source Mortgage & Funding Inc. Source Mortgage & Funding, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-20424) on January 21, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Jennie D. Latta presides over the case. Jerome C. Payne, Esq., at Payne Law Firm represents the Debtor as bankruptcy counsel. SOUTHEASTERN UNIVERSITY: S&P Affirms 'BB' Rating on 2023 Rev Bonds ------------------------------------------------------------------ S&P Global Ratings affirmed its 'BB' long-term rating on the Capital Trust Authority, Fla.'s series 2023 educational facilities revenue refunding bonds issued for Southeastern University (SEU). The outlook is stable. S&P said, "We analyzed the university's environmental, social, and governance factors related to its market position and financial performance. We believe SEU's location in Florida, with potential for extreme weather events, elevates the university's environmental risks. However, it carries robust insurance for named windstorms and perils and has not reported material damage or disruption following significant weather events in recent years. We view the university's social and governance factors as neutral in our analysis. "The stable outlook reflects our expectation that SEU will at least maintain its full-time equivalent (FTE) enrollment and other demand metrics near current levels, continue generating modest full-accrual operating surpluses, and hold financial resource ratios near current levels. "We could revise the outlook to negative or lower the rating if SEU reports significant operating deficits resulting in a material weakening in financial resource ratios or an inability to meet financial covenants. We would also view a sustained weakening in the demand profile or issuance of additional debt without commensurate growth in resources negatively. "We could revise the outlook to positive or raise the rating if SEU materially increases its financial resource ratios to levels commensurate with a higher rating while sustaining full-accrual operating surpluses and enrollment growth." SPIRITRUST LUTHERAN: Concordia's $51MM Bid Gets Court OK in Ch. 11 ------------------------------------------------------------------ Kathleen Steele Gaivin of McKnights Senior Living reports that Pennsylvania's bankruptcy court has cleared Concordia Lutheran Ministries' $51 million cash purchase of six SpiriTrust Lutheran continuing care retirement communities, including the assumption of $7 million in HUD loans. The ruling marks a key step in SpiriTrust's Chapter 11 proceedings. Four of the CCRCs are in York County, with the remaining two in Adams and Franklin counties. The communities have been operating under life plan agreements, serving older adults in the region, according to report. SpiriTrust filed for bankruptcy in November after closing its home care and hospice operations, citing a need to strengthen the organization. The filing reported liabilities of $100 million to $500 million and assets estimated between $50 million and $100 million, the report relays. Founded in 1881, Concordia Lutheran Ministries is a CARF-accredited, faith-based senior care provider. The acquisition makes it the largest senior services network in Western Pennsylvania. Concordia CEO Keith Frndak said the organization looks forward to supporting residents and staff while maintaining financial stability and care quality. About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. The organization offers in-home skilled nursing, therapy, non-medical support, hospice and palliative care, as well as residential senior living, personal care, assisted living, and related community-based programs. It operates from its headquarters in York, Pennsylvania, as a faith-based nonprofit serving older adults and local communities across the region. SpiriTrust Lutheran and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Lead Case No. 25-03341) on November 21, 2025, with up to $100 million in assets and up to $500 million in liabilities. Melissa Frownfelter, interim president, signed the petitions. Judge Henry W. Van Eck oversees the cases. The Debtors tapped Leavitt Legal Services, PC and Polsinelli PC as counsel; Latsha Davis & Marshall, PC as special counsel; and Novo Advisors, LLC as financial advisor. Stretto, Inc. is the Debtors' claims and noticing agent. SPOKANE INDUSTRIES: Gets OK to Use Cash Collateral, $2M DIP Loan ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Washington entered an interim order authorizing Spokane Industries, LLC to use cash collateral, granting adequate protection to secured parties, approving post-petition financing. The debtor is authorized, on an interim basis, to use cash collateral and proceeds of post-petition financing strictly in accordance with an approved budget during the interim period, which runs through the earliest of February 27, 2026, or other terminating events set forth in the order. The order also approves a $2 million DIP loan from William and Christine Martz, carrying interest at the federal judgment rate (currently 4.21%), with no payments due for the first 12 months and repayment over 48 months thereafter. The DIP loan is unsecured, carries section 507(b) priority, involves no fees, and was found to be negotiated in good faith and at arm's length, entitling the lender to the protections of section 364(e). As adequate protection, secured parties are granted automatically perfected replacement liens on post-petition collateral to the extent of any diminution in value of their interests, subject to specified carve-outs, including professional fees and U.S. Trustee fees funded through an approved professional fund. The court set a final hearing for February 25, 2026, with objections due by February 18, 2026. About Spokane Industries, LLC Spokane Industries, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wasi. Case No. 26-00116) with $9,872,078 in assets and $19,854,752 in laibilities. The petition was signed by Patrick Turner as managing member. Judge Hon. Frederick P Corbit oversees the case. The Debtor is Represented by: Thomas A Buford Bush Kornfeld LLP Tel: 206-292-2110 Email: tbuford@bskd.com STG LOGISTICS: Lenders Launch Suit Targeting Pre-Bankruptcy Deal ---------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that STG Logistics is facing a lawsuit from minority lenders who claim a pre-bankruptcy debt transaction carried out in 2024 violated their contractual rights and should be invalidated. The lenders, Axos Financial Inc. and Siemens Financial Services Inc., allege they were excluded from the deal as part of a bad-faith effort to favor other creditors. They brought the complaint Wednesday in the U.S. Bankruptcy Court for the District of New Jersey, the report relays. The suit argues that the transaction breached equal-treatment provisions applicable to similarly situated lenders and materially diminished the value of the plaintiffs' loan holdings ahead of the company’s bankruptcy filing, according to report. About STG Logistics Inc. STG Logistics Inc. is a leading North American logistics and supply chain solutions provider, known as the largest fully integrated port-to-door service provider in the United States and Canada. STG Logistics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10258) on January 12, 2026. In its petition, the Debtor reports up to $10 billion in liabilities. Honorable Bankruptcy Judge Mark Edward Hall handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. STG LOGISTICS: Minority Creditors Challenge Chapter 11 Funding -------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that the minority creditors of STG Logistics pushed back against the company's Chapter 11 financing request, claiming that the proposed funding would violate their contractual rights. The objection, filed February 3, 2026 in the U.S. Bankruptcy Court for the District of New Jersey by Axos Financial Inc. and Siemens Financial Services Inc., challenged a 2024 liability management deal that restructured STG's debt to benefit other creditors. The minority lenders said the transaction was invalid and that their claims must be resolved before financing could proceed, the report states. According to the filing, the lenders warned that without protections, it would be "virtually impossible to 'unscramble the egg,'" emphasizing that any DIP approval should include measures to prevent harm to their contractual interests. About STG Logistics Inc. STG Logistics Inc. is a leading North American logistics and supply chain solutions provider, known as the largest fully integrated port-to-door service provider in the United States and Canada. STG Logistics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10258) on January 12, 2026. In its petition, the Debtor reports up to $10 billion in liabilities. Honorable Bankruptcy Judge Mark Edward Hall handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. STOLI GROUP: US Arm, Kentucky Owl Start Wind-Down w/ Ch.11 Trustees ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that bankruptcy court in Texas approved a packaged Chapter 11 arrangement for Stoli Group's U.S. operations and bourbon subsidiary Kentucky Owl LLC, granting cash collateral and appointing two trustees despite objections from the Justice Department's bankruptcy watchdog. Judge Scott W. Everett said at a Thursday, February 5, 2026, hearing that the Wednesday-filed deal is "unorthodox" but within the bounds of the law, allowing the companies to proceed with the bankruptcy process under court supervision. According to Everett, the deal "greases the skids for an orderly transition to a Chapter 11 liquidation" while providing substantial benefits to the incoming trustees, even if certain operational constraints temporarily limit their authority, according to report. About Stoli Group (USA) LLC Stoli Group (USA), LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At the time of the filing, Stoli Group (USA) reported $100 million to $500 million in assets and $10 million to $50 million in liabilities while Kentucky Owl reported $50 million to $100 million in assets and $50,000,001 to $100 million in liabilities. Judge Scott W. Everett handles the cases. Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's legal counsel. SUIRAD GROUP: Proposes Immaterial Modifications to Plan ------------------------------------------------------- Suirad Group LLC submitted a Modification to Amended Plan of Reorganization dated January 27, 2026. The changes described herein are to address the claims of the City of Atlanta Department of Watershed Management and clarify its treatment under the Plan. These modifications do not materially or adversely affect the rights of any parties in interest which have not had notice and an opportunity to be heard with regard thereto. The Plan is hereby amended to add Section 6.5 to the Plan as stated: Class 6.5 consists of the Secured Claims of the City of Atlanta Department of Watershed Management ("Atlanta Watershed Management") (the "Class 6.5 Secured Claims"). Atlanta Watershed Management filed proofs of claim 6, 7 and 8 asserting secured claims in the amount of $1,076.63, $1,341.57, and $1,822.97, respectively (such amount owed to Atlanta Watershed Management and as allowed by the Court plus interest accruing pursuant to this Class 6.5 shall be referred to herein as the "Class 6.5 Secured Claim"). Additionally, Atlanta Watershed Management asserts administrative claims for unpaid post-petition services provided to the Debtor through and including confirmation being approximately $883.52 (the "Watershed Administrative Claims"). Debtor shall pay the Watershed Administrative Claims in a lump sum within fifteen days of the Confirmation Date. Interest shall accrue on the principal balance of the Class 6.5 Secured Claim at 7%. Debtor shall pay the Class 6.5 Secured Claims in 36 consecutive equal monthly payments of $130.96 each. In the event the Debtor defaults on payments pursuant Class 6.5 of the Plan or otherwise defaults under Class 6.5 of the Plan, Atlanta Watershed Management shall send a Default Notice in accordance with Article 2.3 of the Plan, which must contain the basis for declaring a default, and, in the event of a monetary default, the notice must state the amount necessary to cure the default and an address that will accept overnight deliveries, provided however that the Debtor shall be afforded only one opportunity to cure a default in any calendar year. If Debtor does not cure the default in the period provided in Article 2.3 of the Plan, Atlanta Watershed Management shall be authorized to terminate, alter, discontinue and/or refuse service consistent with its established protocols and state law and city ordinance governing the same. Further, in the event of an uncured default in payment or performance: (i) the entire remaining unpaid principal balance together with earned unpaid interest shall be deemed accelerated without notice or demand of any kind, (ii) Atlanta Watershed Management shall have the right to terminate, alter, refuse and/or discontinue service subject only to applicable non-bankruptcy law, and seek such additional relief as may be appropriate in the Bankruptcy Court. The remedies provided herein are not exclusive and are in addition to any other remedy that is afforded by law and Atlanta Watershed Management may commence an action to enforce the same, with the Plan being treated and constituting a contract under Georgia law. Atlanta Watershed Management shall retain its rights and remedies as a statutory lien creditor (pursuant to state law and city ordinance) as to unpaid charges for services provided to the Debtor with respect to any sale of the Debtor's real property pursuant to Section 4.9 of the Plan. Atlanta Watershed Management shall be paid by the Debtor from the sale proceeds with 10 days of the receipt of the same all unpaid principal amounts and earned interest/charges due Atlanta Watershed Management under the Plan (which amounts shall be due on sale). The Debtor shall be liable for and shall pay Atlanta Watershed Management all billed charges for post-petition services, which charges shall not be discharged pursuant to Sections 1192 or 1141 as applicable. If such invoices are not paid on or before the due date Atlanta Watershed Management may discontinue, terminate, alter or refuse services to the Debtor subject only to compliance with state law, city ordinance and Atlanta Watershed Management's established protocols. The rights and remedies of Atlanta Watershed Management relating to post-petition services (including nonpayment or any act or omission constituting cause for termination, discontinuing, refusing or altering service) shall remain unimpaired, undiminished and not limited in any way by the terms of the Plan, subject only to compliance by Atlanta Watershed Management with state law, city ordinance and established Atlanta Watershed Management protocols. The Claim of the Class 6.5 Creditor is Impaired by the Plan, and the holder of Class 6.5 Claims is entitled to vote to accept or reject the Plan. A full-text copy of the Modified Amended Plan dated January 27, 2026 is available at https://urlcurt.com/u?l=c4CvzB from PacerMonitor.com at no charge. Counsel to the Debtor: Cameron M. McCord 699 Piedmont Avenue, NE Atlanta, GA 30308 Tel: (404) 564-9300 E-mail: CMcCord@joneswalden.com About Suirad Group Suirad Group, LLC, a company in Atlanta, Ga., sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-50072) on Jan. 3, 2025. In its petition, the Debtor reported $1 million to $10 million in both assets and liabilities. Cameron M. McCord, at Jones & Walden, LLC, is serving as the Debtor's legal counsel. SUMMIT ACCESS: Case Summary & Five Unsecured Creditors ------------------------------------------------------ Debtor: Summit Access, LLC Summit View Apartments 2510 Peachwood Cirle, NE Atlanta, GA 30345 Business Description: Summit Access, LLC is a real estate company that owns and operates a 28-unit apartment complex located at 2510-2540 Peachtree Circle NE in Atlanta, Georgia. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-51439 Debtor's Counsel: Will Geer, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wgeer@rlkglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Romaia Karlsen as sole member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NEYQVSI/Summit_Access_LLC__ganbke-26-51439__0001.0.pdf?mcid=tGE4TAMA SUPERSTAR ELIZABETH: Atlantic Union Files Liquidating Plan ---------------------------------------------------------- Atlantic Union Bank (the "Bank" or "Creditor") filed with the U.S. Bankruptcy Court for the District of Columbia a Disclosure Statement with respect to Plan of Liquidation for Superstar Elizabeth LLC dated January 28, 2026. The Debtor was organized as a District of Columbia limited liability company on December 10, 2014, and began operations on or about that time. Superstar owns a commercial property located in the District of Columbia as its sole asset, located at 2404 Wisconsin Avenue, NW, Washington, DC 20007 (the "Property"). In addition, the company leases the Property to Wine Investment Group, LLC ("WIG"), an entity that operates a restaurant at the location. Beginning in the first quarter of 2024, the Debtor fell behind on the mortgage installment payments owed to the Bank. The company incurred a lien for unpaid real property taxes owed to the District of Columbia totaling over $64,493.95. The Bank notified the Debtor it was in default on its loan obligations, and the Debtor filed this Chapter 11 case in response. Class 5 consists of all general unsecured claims allowed herein. There are no known claims in Class 5, with the exception of any Class 2, Class 3, and Class 4 claims converted to Class 5 after the sale of the Property by the Liquidating Trustee. It is not anticipated that there will be funds available to distribute to this class. Class 6 consists of Holders of Interests. The owner of the membership interests in the Debtor will retain their interests as owner herein. Class 6 is conclusively presumed to have accepted the Plan and, therefore, Holders of Class 6 Interests are not entitled to vote to accept or reject the Plan. Under this Plan, a Liquidating Trustee shall be appointed by the court to sell the Property and pursue any of the Debtor's rights under the Lease. The Liquidating Trustee shall have all of the powers set forth in Section 1104 of the Bankruptcy Code and the duties set forth in Section 1106 of the Bankruptcy Code. Under the current valuation of the Property, a market sale would likely result in a sales price of approximately $3,000,000.00. In addition, the Liquidating Trustee may pursue damages against the current Tenant for unpaid rent in the amount of approximately $159,574.90. Sources of funds for distributions to me made under the Plan consist of income generated by the Liquidating Trustee from business operations, rent collection, and sale of the Property during the life of the Plan A full-text copy of the Plan of Reorganization dated January 28, 2026 is available at https://urlcurt.com/u?l=5e0lU6 from PacerMonitor.com at no charge. Counsel for Atlantic Union Bank: Jeffery T. Martin, Jr., Esq. Diana P. Dias, Esq. Martin Law Group, P.C. 8065 Leesburg Pike, Suite 750 Vienna, VA 22182 703-834-5550 E-mail: jeff@martinlawgroup.com About Superstar Elizabeth Superstar Elizabeth LLC is a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). Superstar Elizabeth sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. D.C. Case No. 24-00253) on July 17, 2024, with $1 million to $10 million in both assets and liabilities. Daniel Lledo, managing member, signed the petition. Judge Elizabeth L. Gunn oversees the case. The Debtor is represented by Michael A. Ostroff, Esq., at Montero Law Group, LLC. TELLICO RENTALS: 1470 Cherohala Property Sale to C. Shearer OK'd ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Tennessee, Northern Division, has granted Tellico Rentals LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 1470 Cherohala Skyway, Tellico Plains, Monroe County, TN 37385. The Court has authorized the Debtor to sell the Property to Casey Shearer in the purchase price of $175,000. The Court ordered that all closing costs, realtor's commissions, and proprated real property taxes associated with the Property shall be paid in full at closing. All net proceeds remaining after payment of realtor's commissions, closing costs, and proprated real property taxes shall be remitted to creditor Mary Jane Saunders in exchange for a partial release of the Deed of Trust. Secured Creditor Tennessee Department of Revenue (TDOR) shall not receive any proceeds from sale of the Property at closing. TDOR shall executive a partial release of the lien as to the Property. About Tellico Rentals LLC Tellico Rentals, LLC offers cabin rental services in Tellico Plains, Tennessee. It provides a range of accommodations, including riverfront lodges, group cabins, and pet-friendly units near the Cherohala Skyway and Tellico River. Tellico Rentals sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 25-12707) on October 9, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. On October 30, 2025, the case was transferred from the Southern Division to the Northern Division and was assigned a new case number (Case No. 25-32044). Judge Suzanne H. Bauknight oversees the case. The Debtor is represented by W. Thomas Bible, Jr., Esq., at Tom Bible Law. TELLICO RENTALS: Tellico Plains Asset Sale to D. & J. DeWalt OK'd ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Tennessee, Northern Division, has granted Tellico Rentals LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 0 Cherohala Skyway, Tellico Plains, Monroe County, TN 37385. The Court has authorized the Debtor to sell the Property to David DeWalt and Jane DeWalt in the purchase price of $115,000.00. The Court ordered that all closing costs, realtor's commissions, and prorated real property taxes associated with the Property shall be paid in full at closing. All net proceeds remaining after payment of realtor's commissions, closing costs, and prorated real property taxes shall be remitted to creditor Mary Jane Saunders in exchange for a partial release of the Deed of Trust. Secured Creditor Tennessee Department of Revenue (TDOR) shall not receive any proceeds from sale of the Property at closing, however, their lien recorded with the Monroe County Register of Deeds at Book M332, Page 623 remains intact as to all other property of the Debtor. Sterling & Wilson Title shall send Debtor's attorney a copy of the final settlement statement within ten days after closing. Debtor shall set aside funds to cover applicable U.S. Trustee fees. Any attorneys' fees and costs associated with the filing of the Second Motion are deemed forever barred and non-recoverable from the Debtor. About Tellico Rentals LLC Tellico Rentals, LLC offers cabin rental services in Tellico Plains, Tennessee. It provides a range of accommodations, including riverfront lodges, group cabins, and pet-friendly units near the Cherohala Skyway and Tellico River. Tellico Rentals sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 25-12707) on October 9, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. On October 30, 2025, the case was transferred from the Southern Division to the Northern Division and was assigned a new case number (Case No. 25-32044). Judge Suzanne H. Bauknight oversees the case. The Debtor is represented by W. Thomas Bible, Jr., Esq., at Tom Bible Law. THRYV INC: Moody's Affirms 'B3' CFR, Outlook Remains Stable ----------------------------------------------------------- Moody's Ratings affirmed Thryv, Inc.'s (Thryv) B3 Corporate Family Rating, the B3-PD Probability of Default Rating and the B3 senior secured first lien term loan B rating. Thryv's Speculative Grade Liquidity (SGL) rating remains unchanged at SGL-3 reflecting adequate liquidity. The outlook remains stable. RATINGS RATIONALE Thryv's B3 CFR reflects elevated leverage, an evolving business model, and a still sizable but rapidly declining exposure to structurally shrinking print and internet-based directory services. The company also faces intense competition in the large, fragmented Software as a Service (SaaS) market for small business customers. Thryv's SaaS segment has the potential to stabilize the company's revenue trajectory over the next two years; however, growth has slowed recently and competition is significant. Counterbalancing these credit challenges are Thryv's consistently positive free cash flow and management's publicly stated commitment to repaying debt. Moody's expects SaaS revenue growth will slow to the mid- to low single digits in 2026, compared to about 25% last year, as Thryv transitions to a new unified software platform and small businesses contend with economic and tariff challenges. Supported by Keap, Thryv's new SaaS platform will diversify Thryv away from its Marketing Services client base to a unified SaaS model. Thryv's Moody's-adjusted leverage rose to 3.7x as of September 2025 from 2.7x a year earlier, with no significant deleveraging expected in 2026. This reflects lower LTM September 2025 EBITDA from working capital related dynamics associated with long term print directory contracts that are collected monthly over time and legacy system decommissioning, partially offset by growth in SaaS EBITDA. Moody's expects that by the end of 2026 Thryv's SaaS business will account for the clear majority of total revenue (around 75%) and it will remain the dominant source of revenue and earnings going forward. Thryv plans to exit its Marketing Services segment by the end of 2028 and become a pure-play software business. To reflect this, the company will now be analyzed under the Software methodology published in December 2025. Moody's previously analyzed Thryv under the Media methodology published in September 2025. Thryv's SGL-3 rating reflects Moody's expectations that Thryv will maintain adequate liquidity over the next 12-18 months. Moody's projects a free cash flow of approximately $60 million for 2026, representing an increase compared to last year. This growth is attributable to working capital dynamics related to long-term print directory contracts, which are collected on a monthly basis over time. Beginning in Q2 2026, annual required amortization steps down to 10% or $35 million through the term loan maturity from $52 million currently. Thrive prepaid its term loan amortization through June 2026 and it will have to make two $8.75 million quarterly amortization payments in September and December 2026. Thryv's annual capex has historically been around $30 million and Moody's do not expect it to change materially over the next 12-18 months. For its external liquidity, the company relies on a revolving asset backed facility (ABL, unrated) of up to $85 million maturing in May 2028. As of September 30, 2025, Thryv had $40.5 million outstanding on its ABL line and there was borrowing base availability of approximately $63 million (or roughly $14 million available to be drawn after accounting for excess availability requirement and letters of credit). The ABL agreement requires that Thryv maintain compliance with a minimum fixed charge coverage ratio that must exceed 1x measured at quarter ends and requires excess availability of at least $8.5 million at all times. As of LTM Sept 2025, Thryv's fixed charge coverage ratio was 2.66x, providing a good headroom over the requirement. Based on Moody's expectations of modest improvement in annual free cash flows this year, Moody's expects Thryv's reliance on the ABL to decline over the next 12-18 months. The senior secured term loan, which matures in May 2029, is governed by a 3x maximum total net leverage financial covenant and a minimum SaaS revenue growth covenant. The company's leverage in accordance with the covenant definition was 1.88x as of September 30, 2025, providing still adequate cushion under the requirement. The SaaS revenue covenant requires the company to report SaaS revenue that exceeds minimum quarterly thresholds for each fiscal quarter. Moody's expects that Thryv will maintain adequate cushion of at least 20% over this requirement over the next four quarters. Thryv's credit agreement requires a 50% excess cash flow sweep when total net leverage exceeds 1x, stepping down to 25% and 0% when it is above 0.5x and less than or equal to 0.5x, respectively. The B3 rating on the senior secured credit facility is based on the probability of default of the company, as reflected in the B3-PD Probability of Default Rating, an average expected family recovery rate of 50% at default and the preponderance of term loan debt in the structure. The stable outlook reflects Moody's expectations for improvement in free cash flow compared to 2025, mid-single digit SaaS revenue growth and continued focus on debt repayment. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Ratings could be upgraded if the company (i) generates strong growth in its SaaS business that offsets revenue and EBITDA declines in Marketing Services segment leading to at least a mid-single digit percent consolidated revenue and EBITDA growth; (ii) generates free cash flow so that Moody's adjusted FCF/debt is sustained above 10% along with good liquidity; (iii) maintains Moody's adjusted leverage below 2.5x with a clearly articulated financial policy supporting operating with low leverage. Ratings could be downgraded if leverage does not steadily decline in 2026 or liquidity weakens. Increasing debt refinancing risks, failure to improve free cash flow compared to 2025 level or to grow SaaS revenue and EBITDA could also result in a downgrade. Headquartered in Dallas, Texas, Thryv (Nasdaq: THRY) provides small-to-medium sized businesses with Software as a Service (SaaS) sales and marketing platform designed to attract new and repeat customers and to manage day-to-day operations. Thryv continues to provide print and digital marketing services, a business that it expects to exit by the end of 2028. Thryv owns and operates Print Yellow Pages and Internet Yellow Pages and offers digital marketing and media services, such as Search Engine Marketing, online display advertising, search engine optimization (SEO), and standalone websites. Thryv's LTM September 2025 revenue was $780 million. The principal methodology used in these ratings was Software published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. TLC OPERATIONS: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ TLC Operations, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the order, the Debtor is authorized to use cash collateral, including deposits and rents, pursuant to 11 U.S.C. section 361 and 363, subject to the terms of an approved budget. The Debtor may expend amounts set forth in the budget with an aggregate variance of up to 10%, and this authority extends through February 19, unless otherwise agreed by the lien claimants. As adequate protection, Toorak Capital Partners, LLC and any other potential lien claimants are granted post-petition replacement liens on cash collateral and post-petition property of the same type or kind as the pre-petition collateral, with the same priority as existed pre-petition. The Debtor is also authorized to pay any court-approved retainer request of the Subchapter V trustee. The order expressly preserves all rights of both the Debtor and the lien claimants under their existing agreements and applicable law. A continued hearing is scheduled for February 18. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/yaRB3 from PacerMonitor.com. TLC Operations owns and manages multi-unit, single family and condominium residential real properties in Chicago, Illinois. The Debtor estimates that the properties have a current market value of at least $1,675,000. Some of the properties are subject to the mortgages and other loan documents of Toorak. Toorak holds security interest in the rents received from the properties and is owed $1,243,431.40. Toorak Capital Partners is represented by: Michael Dimand, Esq. The Wirbicki Law Group LLC 33 W. Monroe St., Suite 1540 Chicago, IL 60603 Phone: 312-360-9455 Fax: 312-360-9461 mdimand@wirbickilaw.com About TLC Operations LLC TLC Operations, LLC holds multiple residential rental properties located throughout the Chicago metropolitan region. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00760) on January 16, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Luster Lockhart, manager, signed the petition. Judge Timothy A. Barnes presides over the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the Debtor as legal counsel. TONOPAH SOLAR: Employs SSG Advisors as Investment Banker -------------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire SSG Advisors, LLC to serve as investment banker. The firm will provide these services: (a) preparing an information memorandum describing the Debtor, its historical performance and prospects, including existing contracts, marketing and sales, labor force, management, and financial projections for use in discussions with prospective purchasers and assisting in the due diligence process for a potential sale transaction; (b) assisting the Debtor in compiling a data room of any necessary and appropriate documents related to the sale; (c) assisting the Debtor in developing a list of suitable potential buyers who will be contacted on a discreet and confidential basis after written approval by the Debtor; (d) coordinating the execution of confidentiality agreements for such potential buyers wishing to review the information memorandum and/or data room; (e) assisting the Debtor in coordinating site visits for interested buyers and working with management to develop appropriate presentations; (f) soliciting competitive offers from potential buyers; (g) advising and assisting the Debtor in structuring and negotiating the sale; (h) providing testimony and declarations regarding the sale, if necessary; (i) advising and assisting the Debtor in marketing, structuring, and negotiating debtor-in-possession financing; (j) providing testimony and declarations regarding debtor-in-possession financing, if necessary; and (k) otherwise assisting the Debtor and its other professionals through closing on a best-efforts basis. SSG Advisors will receive an initial fee of $75,000, monthly fees of $50,000, and a sale fee equal to the greater of 3.5% of total consideration or $750,000, subject to certain reductions. SSG may also be reimbursed for reasonable and documented out-of-pocket expenses. SSG is not entitled to a financing fee in this case. SSG Advisors, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtor, its creditors, or equity holders, according to court filings. The firm can be reached at: Teresa C. Kohl Managing Director SSG Advisors, LLC 300 Barr Harbor Drive, Suite 420 West Conshohocken, PA 19428 About Tonopah Solar Energy Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TONOPAH SOLAR: Hires Mr. Bogen of Development Specialist as CRO --------------------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Development Specialists, Inc. as its restructuring advisor and designate Mr. Yale Scott Bogen as chief restructuring officer. The firm's services include: -- preparing financial disclosures required by the Court, including schedules, statements and monthly operating reports; -- liquidity forecasting, including reviewing and to the extent required, updating and drafting cash-flow models and budgets and related materials in connection with any debtor-in-possession financing to be utilized; -- preparing any variance and other reporting requirements under any debtor-in-possession financing credit facilities; -- advising the Debtor and its legal and other professional advisors in responding to third party requests; -- attending meeting and assisting in communications with parties in interest and their professionals, including the Debtor's secured lender, any official committee, the Office of the United States Trustee (the "U.S. Trustee"), and any other governmental or regulatory agencies asserting jurisdiction over the business and affairs of the Debtor; -- supporting activities being led by the Debtor's investment banker, as requested; -- providing litigation advisory services with respect to accounting and financial matters, as needed; and -- providing such other services as may be requested by the CRO or the Debtor consistent with the role of a professional providing financial advisory consulting services and not duplicative of service provided by other professionals in the chapter 11 case. The firm will be paid at these rates: Yale Scott Bogen $725 per hour Henry Pontak $295 per hour Conrad Grygoriew $295 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. 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: Yale Scott Bogen Development Specialists, Inc. 500 East Broward Boulevard, Suite 1700 Fort Lauderdale, FL 33394 Tel: (305) 374-2717 About Tonopah Solar Energy, LLC Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TONOPAH SOLAR: Hires Ordinary Course Professionals -------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ ordinary course professionals. The firm will hire these ordinary course professionals: Professional Service Cassidy & Associates Operations Consulting FTI Consulting, Inc. Operations Consulting Weinberg, Wheeler, Legal Hudgins, Gunn & Dial, LLC Wilmer Cutler Pickering Legal Hale and Dorr Wilson Sonsini Goodrich Legal & Rosati About Tonopah Solar Energy, LLC Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TONOPAH SOLAR: Seeks to Epiq Corporate as Administrative Advisor ---------------------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Epiq Corporate Restructuring, LLC as administrative advisor. The firm will render these services: (a) assist with solicitation, balloting and tabulation of votes, and prepare any related reports; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with preparing and gathering information for the Debtors' schedules of assets and liabilities and statements of financial affairs; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a Chapter 11 plan; and (f) provide such other processing, solicitation, balloting and other administrative services described in the Engagement Agreement. The hourly rates of the firm's professionals are as follows: IT/Programming $55 - $75 Case Managers $85 - $165 Consultants/Directors $165 - $185 Solicitation Consultant $185 Executive Vice President, Solicitation $185 Executives No Charge In addition, the firm will seek reimbursement for out-of-pocket expenses incurred. The firm also received a $25,000 retainer from the Debtor. Kate Mailloux, a senior 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: Kate Mailloux Epiq Corporate Restructuring LLC 777 3rd Ave., Fl. 12 New York, NY 10017 Telephone: (646) 282-2532 Email: kmailloux@epiqglobal.com About Tonopah Solar Energy, LLC Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TONOPAH SOLAR: Seeks to Hire DLA Piper LLP (US) as Counsel ---------------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ DLA Piper LLP (US) as counsel. The firm's services include: (a) advising the Debtor of its rights, powers and duties as a debtor and debtor in possession, while operating and managing its business and property under chapter 11 of the Bankruptcy Code; (b) preparing on behalf of the Debtor all necessary and appropriate applications, motions, proposed orders, other pleadings, notices, schedules and other documents and reviewing all financial and other reports to be filed in the chapter 11 case, to the extent not already prepared; (c) advising the Debtor concerning and preparing responses to, applications, motions, other pleadings, notices and other papers that may be filed by other parties in the chapter 11 case; (d) advising the Debtor with respect to, and assisting in the negotiation and documentation of asset purchase agreements or other definitive deal documentation, financing agreements, and related transactions; (e) advising the Debtor regarding actions to collect and recover property for the benefit of its estate; (f) advising the Debtor concerning executory contract and unexpired lease assumptions and assignments and rejections; (g) assisting the Debtor in reviewing, estimating and resolving claims asserted against the Debtor's estate; (h) assisting the Debtor in complying with applicable laws and governmental regulations; and (i) providing any other services to the extent requested by the Debtor. The firm will be paid at these rates: Rachel Ehrlich Albanese (Partner), New York $2,195 per hour Aaron S. Applebaum (Partner), Wilmington $1,740 per hour David M. Riley (Associate), New York $1,585 per hour Katherine J. Allison (Senior Attorney), Chicago $1,465 per hour Stephanie B. Cohen (Associate), Chicago $1,375 per hour Nicole McLemore (Associate), Miami $1,260 per hour Corinne Smith (Associate), Chicago $985 per hour William L. Countryman (Case Manager / Paralegal), Baltimore $640 per hour Tennille Wilson (Paralegal), Miami $460 per hour On March 27, 2025, the Debtor paid $250,000 to the firm as retainer. The Debtor subsequently paid to the firm an additional advanced payment retainers, totaling $3,628,795.10 in the aggregate. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. 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, DLA Piper’s standard billing arrangements for this engagement? Answer: No. DLA Piper and the Debtor have not agreed to a variation from DLA Piper’s standard billing arrangements for this engagement. DLA Piper did offer the company a 10% courtesy discount on its fees and, as a courtesy, agreed to extend to 2025 standard billing rates to the Debtor for the prepetition period from January 1, 2026, through the Petition Date. The rate structure provided by DLA Piper to the Debtor 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 DLA Piper’s 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 Debtor are consistent with the rates that DLA Piper charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case. (c) Question: If DLA Piper has represented the Debtor 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 postpetition, explain the difference and the reasons for the difference. Question: Has the Debtor approved DLA Piper’s budget and staffing plan, and, if so, for what budget period? Answer: Yes, for the period from January 21, 2026, through April 17, 2026. Mr. Albanese 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: Rachel Ehrlich Albanese, Esq. DLA Piper LLP (US) 1251 Avenue of the Americas New York, NY 10020 Tel: (212) 335-4500 About Tonopah Solar Energy, LLC Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TONOPAH SOLAR: Seeks to Hire Kelley Drye as Special Counsel ----------------------------------------------------------- Tonopah Solar Energy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kelley Drye & Warren LLP as its special litigation counsel. The Debtor needs the firm's legal assistance in connection with the following cases: a. CMB Infrastructure Group IX, LP et al v. Cobra Energy Investment Finance, Inc. et al., Case No. 21-cv-214-CDS-DJA, in the U.S. District Court, District of Nevada; b. CMB Infrastructure Investment Group IX, LP (U.S.A.) vs. Cobra Energy Investment Finance, Inc. (U.S.A.) et al., ICC Case No. 29683/ICA4, in the International Court of Arbitration, International Chamber of Commerce; c. CMB Infrastructure Investment Group IX, LP (U.S.A.) et al. vs. Cobra Energy Investment Finance, Inc. (U.S.A.) et al., ICC Case No. 26862/ICA4 in the International Court of Arbitration, International Chamber of Commerce and the related appeal, CMB Infrastructure Investment Group IX, LP, et al. v. Cobra Energy Investment Finance, LLC, et al., Case No. 25-4430, in the U.S. Court of Appeals for the Ninth Circuit; and d. U.S. ex rel. CMB Export, LLC v. Tonopah Solar Energy, LLC et al., Case No. 2:20-CV-00196-JCM-DJA, in the United States District Court for the District of Nevada and the related appeal, CMB Export, LLC, et al. v. Tonopah Solar Energy, LLC, et al., Case No. 25-5835 in the U.S. Court of Appeals for the Ninth Circuit. The firm will be paid at these rates: Partners $900 to $1,065 per hour Associates $520 to $865 per hour Prior to the Petition Date, Kelley Drye received a retainer of $70,000 from the Debtor. All of Kelley Drye's fees and expenses incurred prior to the Petition Date were paid in full. As of January 28, 2026, Kelley Drye holds a remaining retainer of $29,194.50. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Robben 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: Philip Robben, Esq. Kelley Drye & Warren LLP 3 World Trade Center New York, NY 10007 Tel: (212) 808-7800 About Tonopah Solar Energy, LLC Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. TRANSATLANTIC BRIDGE: Hires Future Home as Real Estate Broker ------------------------------------------------------------- Transatlantic Bridge Corp. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Future Home Realty, Inc. as real estate broker. The firm will market and sell the Debtor's real property 521 E Jackson Ave Mount Dora FL, 32757. The firm will be paid a maximum commission of $1,000 on 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: Shantoria Larissa Lowe Future Home Realty, Inc. 7137 Welland Road Jacksonville, FL 32209 Tel: (904) 869-1610 About Transatlantic Bridge Corp. TransAtlantic Bridge Corp. holds an eight-unit multifamily building at 521 E Jackson Avenue in Mount Dora, Florida, a property that is currently valued at about $402,529. TransAtlantic filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04515) on December 5, 2025, with $423,518 in assets and $2,755,371 in liabilities. Hanna Moore, chief executive officer of TransAtlantic, signed the petition. Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP represents the Debtor as bankruptcy counsel. TRANSPORTING CARS: Scott Sackett Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Region 17 appointed Scott Sackett as Subchapter V trustee for Transporting Cars Champion, Inc. Mr. Sacket will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. 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 M. Sackett 4030 S. Land Park Dr., Suite C Sacramento, CA 95822 Phone: (916) 930-9900 Email: scott.sackett@efmt.com About Transporting Cars Champion Inc. Transporting Cars Champion Inc. operates in the vehicle transportation industry, providing logistics and auto delivery services across California and nationwide. It serves dealerships, auto auctions, and individual clients. Transporting Cars Champion filed for Subchapter V of Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-20337) on January 24, 2026. The petition listed between $1 million and $10 million in assets and liabilities. The case is assigned to Judge Christopher D. Jaime, with legal representation by Thomas B. Ure, III, Esq., at Ure Law Firm. TREE LANE: Unsecureds Will Get 2% to 16% of Claims in Plan ---------------------------------------------------------- Tree Lane LLC and Skylark (UK) Servicer, LLC, senior secured lender, filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement describing Plan of Liquidation dated January 28, 2026. The Debtor is a limited liability company organized and existing under the laws of the State of California, in the business of luxury residential real estate development. The Debtor's primary asset is a residential real property development project located at 2451 Summitridge Drive, Beverly Hills, California 90210, originally consisting of two fee parcels and two easement parcels of land comprising approximately 4.02 acres ("Property"). The Debtor acquired the Property in 2013 intending to develop it into residential housing (the "Project"). The Debtor was unable to complete the Project as originally intended and commenced these cases to reorganize its affairs. The Debtor's main asset is a parcel of undeveloped land referred to in the Plan as the "Tree Lane Parcel." The Debtor has unsuccessfully attempted to sell the Tree Lane Parcel for nearly one year. Under the Plan, the Tree Lane Parcel will be sold pursuant to an auction process that is designed to produce the most value to creditors under the circumstances. Among other things, Skylark Servicer, the Debtor's senior secured prepetition lender and DIP lender, has agreed to serve as a stalking horse. Skylark Servicer has made a "Stalking Horse Bid" in the following amount: (a) a credit bid of the DIP Facility (in the principal amount of $9,250,000), (b) payment of $1 million to the Estate (the "Estate Contribution") to fund winddown activities and distributions to Allowed General Unsecured Creditors, (c) payment of back property taxes and association fees and (d) payment of closing costs, including broker's commissions. The Stalking Horse Bid is subject to higher and better offers, which could improve recoveries to Allowed General Unsecured Creditors. The Plan also provides for the creation of the Liquidating Trust and the appointment of the Liquidating Trustee to administer and liquidate all Assets of the Debtor remaining after the sale of the Tree Lane Parcel, including certain Cash and the Retained Causes of Action, and to distribute Plan payments in accordance with the Plan. The Debtor believes that it has valid causes of action against Zachary Vella on account of a lot line adjustment that the Debtor believes was unauthorized and fraudulent. Any net proceeds received by the Debtor from such Retained Causes of Action will be used to fund recoveries to Allowed General Unsecured Creditors. Recoveries from the Estate Contribution will go to Allowed General Unsecured Creditors not including any deficiency owed to Skylark Servicer. Distributions from Retained Causes of Action will include payments to Skylark Servicer on account of its deficiency. The Plan further provides for the termination of all membership interests in the Debtor, and the dissolution and the wind-up of the affairs of the Debtor. The Plan also provides for the satisfaction of all Allowed Administrative Claims and Allowed Priority Claims, as required by the Bankruptcy Code. Class 9 consists of General Unsecured Claims against the Debtor. Each Holder of an Allowed General Unsecured Claim will receive a beneficial interest in the Liquidating Trust which will allow it to receive its Pro Rata share of Distributions made to Holders of General Unsecured Claims from the Liquidating Trust; provided, that Skylark Servicer shall not be entitled to receive Distributions funded by the Estate Contribution. The Debtor anticipates that Holders of Allowed General Unsecured Claim except the Skylark Servicer will receive a pro rata distribution of 2% to 16% of such Allowed General Unsecured Claim. The Distribution to Allowed General Unsecured Claims depends on the outcome of the Retained Causes of Action. Class 9 Claims are Impaired under the Plan. The Debtor estimates the Allowed General Unsecured Claims to total approximately $22,000,000 (excluding the portion of the Allowed Skylark Servicer Claim in the amount of $19.9 million remaining after the Sale). Depending on the success of objections to Claims the range of total general unsecured claims (excluding the portion of the Allowed Skylark Servicer Claim in the amount of $19.9 million remaining after the Sale) is anticipated to be $16.8 million to $43.7 million. Class 10 consists of Interests in the Debtor, which are owned 100% by Summitridge. Holders of Interests will neither receive nor retain any property under the Plan on account of their Interests. Therefore, the Holders of Interests are not entitled to vote and are conclusively presumed to have rejected the Plan pursuant to Section 1126(g) of the Bankruptcy Code. All Cash on hand on the Effective Date and the Estate Contribution shall be used to fund Administrative Claims, Professional Fee Claims and Priority Tax Claims (other than the LA County Property Tax Claims and the Secured Claims of Bella Vista, which shall be paid from the Stalking Horse Cash Amount). Distributions to the DIP Facility Claim, Allowed Secured Claims in Classes 1 through 7, and Other Secured Claims shall be funded from Sale Proceeds. Distributions to Allowed General Unsecured Claims shall be made from the Estate Contribution and the liquidation of the Excluded Assets. The Liquidating Trust shall be funded with the Estate Contribution received from Skylark Servicer or the Winning Bidder from the Sale of the Purchased Assets plus Cash remaining from the DIP Financing. A full-text copy of the Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=iCpOPn from PacerMonitor.com at no charge. Counsel to the Debtor: Robyn B. Sokol, Esq. STINSON LLP 1901 Avenue of the Stars, Suite 450 Los Angeles, CA 90067 Telephone: (310) 730-7020 Facsimile: (310) 730-7019 E-mail: robyn.sokol@stinson.com About Tree Lane LLC Tree Lane LLC, a limited liability company organized and existing under the laws of the State of California, is in the business of luxury residential real estate development. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Cal. Case No. 2:24-bk-13201-BB) on April 25, 2024. At the time of the filing, Debtor had estimated assets of between $10,000,001 and $50 million and liabilities of between $10,000,001 and $50 million. Judge Sheri Bluebond oversees the case. Stinson LLP is Debtor's legal counsel. TRICOLOR AUTO: Founders Gets OK to Use Insurance for Fraud Defense ------------------------------------------------------------------ Steven Church of Bloomberg Law reports that Daniel Chu, founder and former CEO of bankrupt subprime auto lender Tricolor Holdings, secured court approval Wednesday, February 3, 2026, to use a portion of the company's insurance coverage to pay his legal defense costs amid federal fraud allegations. The ruling took place in the Chapter 7 liquidation case in Texas bankruptcy court. U.S. Bankruptcy Judge Michelle V. Larson agreed to release about $5 million from Tricolor's directors and officers liability insurance to cover attorney fees and related expenses for Chu and other covered individuals. U.S. prosecutors in New York have accused Chu of engaging in deceptive practices that defrauded lenders and investors leading up to the company's collapse, according to report. The trustee overseeing the bankruptcy had sought limits on individual draws from the insurance pool, but the court's decision favored allowing broader access for defense costs. Additional coverage beyond the initial $5 million remains subject to further court applications, Bloomberg reports. About Tricolor Auto Acceptance Tricolor Auto Acceptance is an Irving, Texas-based subprime auto lender. Tricolor Auto Acceptance, together with its parent Tricolor Auto Group and other affilites sought relief under Chapter 7 of the U.S. Bankruptcy Code(Bankr. N.D. Tex. Case No. 25-33497) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Debtor is represented by Thomas Robert Califano, Esq. at Sidley Austin LLP. TRINITY AUTO: Seeks Sell Automobile Dealership Business at Auction ------------------------------------------------------------------ The U.S. Bankruptcy Court for the District of New Jersey has permitted Trinity Auto LLC, d/b/a Trinity Cadillac, to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor operates a Cadillac automobile dealership located in Englewood Cliffs, New Jersey. Its business consists primarily of the retail sale of new and used vehicles, together with related financing, warranty, and service offerings. As of the Petition Date, the Debtor has ceased selling new automobiles and focuses on its service and parts operations. After extensive outreach and careful and deliberate consideration, the Debtor executed the attached asset purchase agreement (APA) with Leonard Tarzia, or his assign, under which Buyer to purchase the Debtor's assets for the purchase price of $4,500,000.00 in cash, plus an amount equal to the Excess Cure, and the assumption of the Assumed Liabilities. The Court found that the proposed Sale Notice and the Assumption and Assignment Notice, are appropriate, sufficient, and reasonably calculated to provide all interested parties with timely and proper notice of the Auction, the Stalking Horse APA, the Sale Hearing, the Bidding Procedures, and the assumption and assignment of the Assumed Contracts. The Bid Procedures are reasonable and appropriate. The Bid Procedures are reasonably designed to attract value-maximizing proposals beneficial to the Debtor, its estate, its creditors, and other parties in interest. The Court has granted the Debtor's motion. Nothing abrogates, waives, or otherwise modifies or amends the rights possessed by General Motors LLC pursuant to the Dealer Sales and Services Agreement between Trinity Auto, LLC and GM, the Recovery Agreement entered into as of July 7, 2021 by and among GM, Trinity Auto, LLC, and Joseph Collado, and the New Jersey Franchise Practices Act, in connection with proposed changes in ownership of the dealership or the sale or transfer of dealership assets. Lonard Tarzia, or his assign, shall be deemed the "Stalking Horse Bidder" and its APA shall be the "Stalking Horse APA." The Bid Protections are approved in their entirety and shall be payable by the Debtor in accordance with, and subject to, the terms of the Stalking Horse APA. Deadline for Potential Bidder Submission is on February 12, 2026, at 5:00 p.m. (EST). Bid Deadline for Qualified Bids. February 17, 2026, at 5:00 p.m. (EST). The Auction is to be held at the offices of Genova Burns LLC, 494 Broad Street, 6th Floor, Newark, New Jersey 07102 on February 19, 2026, at 9:00 a.m. (EST). Remote access and participation will be supported. Sale Order Deadline is on February 20, 2026, at 5:00 p.m. (EST). Sale Hearing will be on February 24, 2026 at 11:00 a.m. (EST). About Trinity Auto LLC 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. Trinity Auto LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bnakr. D.N.J. Case No. 25-10018) on January 2, 2026, listing $1,549,669 in assets and $14,824,684 in liabilities. The petition was signed by Jose Collado as dealer principal and managing partner. Judge Stacey L Meisel presides over the case. Daniel M. Stolz, Esq. at GENOVA BURNS LLC serves as the Debtor's counsel. TROUSDALE LIVING: Court OKs Bid to Appoint Examiner --------------------------------------------------- Judge Charles Walker of the U.S. Bankruptcy Court for the Middle District of Tennessee granted the motion by Donna Smith, as personal representative of the Estate of Mary Dooley, to appoint an examiner in Trousdale Living Communities, Inc.'s bankruptcy case. Judge Walker directed the Office of the U.S. Trustee for Region 8 to appoint an examiner. In her motion filed on December 29, 2025, Ms. Smith asserted that the court should grant the examiner the expanded powers to select the successful bidder at the auction, and to manage the sale process through closing in light of Trousdale's unavoidable conflict of interest, and the irregularities apparent in its handling of the auction process. Accordingly, a relief granted pursuant to this motion should preserve the opportunity for a proposed examiner to have expanded duties should additional assets or causes of action be identified that could produce a benefit to the estate. Moreover, counsel for Ms. Smith concedes that pursuant to Bankruptcy Code Section 1181(a), the provisions of Bankruptcy Code Section 1104 do not apply to a case properly pending under Subchapter V; however, this reorganization is clearly misfiled. Ms. Smith will eminently file a separate motion objecting to Trousdale's Subchapter V designation under Bankruptcy Code Section 1182, on two obvious grounds. In the first instance, Bankruptcy Code Section 1182 removed any doubt that Subchapter V places a current debt limit for eligibility at $3,424,000 in aggregate, noncontingent, liquidated secured and unsecured debts. This cap reflects an adjustment that became effective on April 1, 2025: The augmented $7,500,000 cap applicable under the CARES Act expired of its own terms, such that there was a reversion to the original statutory base amount, subject to inflation adjustments. In the second instance, only a "small business debtor" is eligible for relief under Subchapter V, and this term is defined pursuant to Bankruptcy Code Section 101(51D). However, by its own admissions, Trousdale does not fall within this definition. A copy of the order is available for free at https://urlcurt.com/u?l=ALl4Bh from PacerMonitor.com. Counsel for Donna Smith, as Personal Representative of the Estate of Mary Dooley: Randall J. Phillips, Esq. Maginnis Howard 6842 Carnegie Blvd, Ste 100 Charlotte, NC 28211 Tel: (704) 376-1911 Fax: (704) 376-1921 rphillips@carolinalaw.com -and- John A. Anthony, Esq. Charles D. Preston, Esq. Anthony And Partners, PLLC 100 S. Ashley Drive, Suite 1600 Tampa, Florida 33602 Tel.: (813) 273 5616 Fax: (813) 221 4113 janthony@anthonyandpartners.com cpreston@anthonyandpartners.com cfosdick@anthonyandpartners.com mnicholson@anthonyandpartners.com 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. TWILIO INC: Moody's Upgrades CFR to Ba1, Outlook Stable ------------------------------------------------------- Moody's Ratings upgraded Twilio Inc.'s (Twilio) ratings, including the corporate family rating to Ba1 from Ba2, the probability of default rating to Ba1-PD from Ba2-PD, and the senior unsecured debt rating to Ba1 from Ba2. The outlook is stable. The outlook was previously positive. The upgrade is driven by the expectation of continued growth in revenue, EBITDA and free cash flow and maintenance of conservative financial policies. RATINGS RATIONALE Twilio's Ba1 CFR reflects the company's solid growth potential, strong market position, and substantial cash balances. While revenue growth slowed significantly in 2023 and 2024 from earlier periods, revenue growth improved in 2025 to double digit levels though not to historic highs. In addition, margins and free cash flow continue to improve from pre-2023 negative levels. Although share repurchases have moderated in 2025, free cash flow after share buybacks was negative in the twelve months ended September 2025. Moody's adjusted leverage was around 4x as of September 2025 but was around 1x when adding back non-cash stock compensation. Twilio benefits from its strong market position as the largest provider in a segment of the Communications Platform as a Service (CPaaS) industry. The company also benefits from a leading position in the broader Communications Experience as a Service (CXaaS) industry. A substantial portion of Twilio's success is driven by its focus catering to software developers with application programming interfaces (APIs) for a broad range of communications platforms including messaging, voice and email. Moody's expects that Twilio will continue to grow at a high single digit rate or greater over the next two years supported by advances in digital communications software applications, increasing usage as well as potential benefits from Twilio's recent and upcoming AI offerings. These tail winds should continue to support usage growth with Twilio's existing customer base and continued potential to add new customers. The credit profile also benefits from Twilio's substantial net cash position. Although reduced from peak levels above $4 billion as a result of elevated share buybacks (over $2 billion in buybacks in 2024), Moody's expects the company will maintain cash in excess of debt levels over the next two years as the company moderates the pace of buybacks. The SGL-1 Speculative Grade Liquidity rating reflects Twilio's exceptional cash balances and significant cash generating capabilities. The company does not have a revolving credit facility. Moody's expects the company will generate over $900 million of free cash flow annually over the next two years. The company has indicated that share buybacks will be managed within free cash flow and down substantially from 2024 levels. Twilio's debt structure consists of two unsecured note issuances only, with the earliest maturity in 2029. Given that the unsecured debt is the only funded debt in the capital structure, it is rated the same as the CFR. The stable outlook reflects Moody's expectations of continued high single digit/low double digit revenue growth, as well as EBITDA and free cash flow growth. Moody's expects the company will be acquisitive with most acquisitions funded with free cash flow. Moody's also expects share buybacks to consume a substantial portion of free cash flow but will be moderated based on the pace of acquisitions. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Twilio continues to grow revenues, maintain profitability and demonstrate conservative financial policies, including moderating share buyback levels and sustaining Moody's adjusted leverage below 3x. The ratings could be downgraded if revenue, profitability or market position decline or the company adopts more aggressive financial policies or if leverage is sustained above 4x or liquidity materially weakens. Maintenance of cash levels well in excess of debt levels provides some cushion in ratings considerations. Twilio Inc., headquartered in San Francisco, CA, creates and provides communications oriented APIs to its software developer customer base. These APIs enable software developers to digitize communications and improve customer engagement through messaging, voice, email, and other modes of communication. Twilio Inc. is a public company with an independent board of directors. The company generated revenues of around $4.9 billion in the twelve months ended September 30, 2025. The principal methodology used in these ratings was Software published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. UNRIVALED BRANDS: $32.5M Unsecured Claims to Get GUC Distribution ----------------------------------------------------------------- Unrivaled Brands, Inc. and Halladay Holding, LLC submitted a Disclosure Statement describing First Amended Joint Chapter 11 Plan dated January 28, 2026. As of the Petition Date, Halladay's primary asset was Halladay's real property located at 3242 S. Halladay Street, Santa Ana, California, 92705 (APN 411-151-04) (the "Property" or the "Halladay Property" or "Halladay's Property"). On November 16, 2023, Halladay entered into a purchase agreement (the "Purchase Agreement") with Gordineer LLC (the "Buyer") for the sale (the "Sale") of the Property for a purchase price of $5,303,320.00 and an original projected scheduled closing of May 16, 2024, which had to be extended multiple times with five amendments due to the ongoing prepetition litigation tactics by Peoples. The Sale closed on February 14, 2025. On February 24, 2025, Debtors filed a notice of the Sale closing with the Bankruptcy Court and attached thereto a true and correct copy of the closing statement and related documents. Property taxes, commissions, closing costs, and the first deed of trust were paid from escrow, and, on February 18, 2025, Debtors' general bankruptcy counsel received a wire for the net sale proceeds in the amount of $1,593,637.21, in accordance with the Court's Sale Order. The Plan is a liquidation plan with a "pot plan" distribution to pay creditors shortly after the Effective Date and establish a liquidating trust (the "Liquidating Trust") with a liquidation trustee ("Liquidation Trustee") to monetize assets of the estates and distribute them to creditors. Class 6 consists of all allowed general unsecured claims of Halladay not included in any other class. Class 6 claim holders will be paid in full on the Plan Effective Date with applicable interest. Estimated amount of asserted Class 6 claims is $0. This Class is unimpaired. Class 7 consists of all allowed general unsecured claims of Unrivaled not included in any other class. In full and final satisfaction of each, any, and all of their claims against the Debtors, on the Plan Effective Date, each holder of an allowed Claim in Class 7 will receive its pro rata share of the "GUC Distribution," to be distributed by the Liquidating Trustee. Estimated amount of asserted Class 7 claims is $32.5 million (subject to objections). Class 8 consists of the sole member of Halladay. The Class 8 equity interests will be cancelled, and all distributions that Class 8 would otherwise receive will upstream to the Liquidating Trust under the Plan. Class 9 consists of the sole shareholder of Unrivaled. The Class 9 equity interests will be cancelled, and all distributions that Class 9 would otherwise receive will be transferred to the Liquidating Trust under the Plan. The Plan will be funded with the sale proceeds of the proposed sale of the Halladay Property, employee retention tax credit refunds, receipt of the Mystic Shares for sale postconfirmation by the Liquidating Trust, and the assets to be transferred to the Liquidation Trust. A full-text copy of the Disclosure Statement dated January 28, 2026 is available at https://urlcurt.com/u?l=CUUl2X from PacerMonitor.com at no charge. The Debtors' Counsel: John Patrick M. Fritz, Esq. Robert M. Carrasco, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Email: jpf@lnbyg.com About Unrivaled Brands Business Description: Unrivaled owns 100% membership interests in Halladay, and Halladay is Unrivaled's wholly owned subsidiary. Halladay's primary asset is a commercial real property building. Unrivaled Brands, Inc. in Downey, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. C.D. Cal. Lead Case No. 24-19127) on Nov. 6, 2024, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Sabas Carrillo as chief executive officer, signed the petition. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. serves as the Debtor's legal counsel. VIA MIZNER: Seeks to Sell Boca Raton Property at Auction -------------------------------------------------------- Via Mizner Owner II, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 103 E. Camino Real, Boca Raton, Florida 33432. The Debtor is currently in its exclusive period to pursue refinancing. However, as part of the collaborative process for the cases between the Debtor and its secured lender to restructure the secured lender's debt, the Debtor files the Motion out of an abundance of caution in case the Debtor determines that pursuing refinancing or other restructuring is less advantageous than a sale process. The Debtor owns and the luxury hotel under construction at 103 E. Camino Real, Boca Raton, FL 33432. The Real Property constitutes a phase of a greater development which consists of an apartment tower, a hotel tower, a condominium tower, and an offsite county club. The Debtor values the Real Property, once completed, in excess of $450,000,000. The Debtor's primary secured creditor is TIG Romspen U.S. Master Mortgage L.P. Romspen holds a claim secured by a perfected lien on substantially all assets of the Debtor. The Palm Beach County Tax Collector also has a lien on the Debtor's real property. The Debtor will seek to engage a qualified broker and transactional counsel to assist with the sale or refinancing of the Debtor’s assets. The Broker will assist the Debtors in identifying potential refinancing partners or joint venture solutions and, if necessary, in gathering potential bidders for the Debtor’s assets. Since filing its chapter 11 petition, the Debtor has been working cooperatively with Romspen to maximize the value of the Debtor’s estate for the benefit of creditors, including Romspen. The Debtor believes that the best way to reach the goal is through either a refinancing or other restructuring of its secured lender's claim. Nothing in the Motion or in any of the relief requested modifies the Restructuring Support Agreement between the Debtor and Romspen or any provision of the Order approving it. The Debtor has redacted certain dates from the list below to protect against counterparties using knowledge of the Debtor's timeline for negotiating leverage. The Debtor will publicly release dates when public marketing commences. Information about the Bid Procedures as Exhibit 1 can be found at https://urlcurt.com/u?l=dtsDZW. If the Debtor is unsuccessful in securing a refinancing or restructuring, the Debtor is proposing the Bid Procedures with the intention and goal of maximizing value for the benefit of creditors in this Chapter 11 case via a sale of the Assets to the highest and best bidder. In the event of a sale rather than a refinance, the Debtor will encourage all interested parties to develop and make a bid for the Assets prior to the Bid Deadline. The Debtor may elect to designate a stalking horse. As set forth in Section II of the Bid Procedures, such Bid Procedures permit the Debtor to elect, in the Debtor's business judgment, to designate a stalking horse bidder and to propose special protections for same such as a break-up fee and expense reimbursement on or prior to the date above for a Stalking Horse Hearing. In the event a refinance or other restructuring does not occur, the Debtor submits that the sale of its Assets pursuant to the proposed Bid Procedures is in the best interests of the Debtor, its creditors, and the estate. The Debtor believes that the Bid Procedures will promote active bidding from any seriously interested party that may exist. About Via Mizner Owner II Via Mizner Owner II, LLC is a real estate development company overseeing a luxury mixed-use project in Boca Raton, Florida. The company serves as the owner and developer of the proposed Mandarin Oriental Boca Raton hotel and adjoining residential development. Via Mizner Owner II sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25197) on December 23, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Samuel W. Hess, Esq. VIB TRANS: Unsecureds Will Get 9.55% of Claims over 5 Years ----------------------------------------------------------- VIB Trans, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Illinois a Small Business Plan of Reorganization dated January 28, 2026. The Debtor was founded in 2010 by Nevena Batechka as a family business. Her two sons assisted Nevena with their expertise in trucking and logistics. The business did very well between 2016 and 2022, showing high revenues and healthy profits. VIB Trans, Inc. continued to acquire trucks and trailers and by the end of 2023 its fleet numbered over 50 units. Towards the end of the 2023, the overall downturn in trucking industry caught up with the Debtor causing it to accumulate debts in order to continue its operations. Further decline in business caused some of the equipment to be surrendered to the lenders. The Debtor is seeking to re-organize via a Ch 11 plan and return to profitable operations by the end of the first quarter in 2026. The Plan is a 5-year plan. The final Plan payment will be in approximately 2030. The Plan provides that all administrative creditors will be paid in full on the Effective Date of the Plan (which is 30 days after the Order confirming the Plan is a final Order) unless otherwise agreed. Priority tax claims will receive 100% of their allowed claims over the period of the Plan term (5 years). Secured Creditors will be paid 100% of their secured claims under Class 1 of the Plan. Class 2 general unsecured creditors will receive a pro rata share of the Unsecured Creditor Payment over a period of 5 years, which shall equal approximately 9.55% distribution on their claims. Class 3 Claims of Equity Holders will not receive a distribution unless all other classes of creditors receive payment in full. Class 2 consists of Allowed Unsecured Claims. Holders of allowed unsecured claims shall receive a pro rata share of the Unsecured Creditor Payments on an annual basis for a period of 5 years beginning on the 1st anniversary of the Effective Date of the Plan, and continuing yearly for another 4 years. The Unsecured Creditor Payments shall equal $200,000 in the aggregate and each yearly payment shall be $40,000 for five payments. Based upon the unsecured claims (which includes deficiency claims of secured creditors), the estimated distribution to unsecured creditors is 9.55% No distribution will be made for unsecured claims which were (i) scheduled as disputed; and (ii) no timely proof of claim was filed. Class 3 consists of Equity Security Holders. Equity security holders shall retain their interests in the Debtor. In addition, the principal of the Debtor will be entitled to a salary for his work on behalf of the Debtor. This Plan of Reorganization proposes to pay creditors of the Debtor from future revenues generated by the Debtor's business. A full-text copy of the Plan of Reorganization dated January 28, 2026 is available at https://urlcurt.com/u?l=Xhjatz from PacerMonitor.com at no charge. The firm can be reached at: David Freydin, Esq. Law Offices of David Freydin, LTD. 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 E-mail: david.freydin@freydinlaw.com About VIB Trans Inc. VIB Trans, Inc. operates as a freight transportation company based in Illinois, providing interstate cargo hauling services across the United States. It maintains a fleet of trucks and trailers, including Volvo, Freightliner, Kenworth, Mack, and Wabash units, to move general freight for commercial clients. VIB Trans filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-16602) on October 28, 2025, with $1,285,794 in assets and $3,047,598 in liabilities. Nevena Batachka, president of VIB Trans, signed the petition. Judge Jacqueline P. Cox presides over the case. David Freydin, Esq., at the Law Offices of David Freydin represents the Debtor as bankruptcy counsel. VICTORY BUYER: S&P Rates New $590MM First-Lien Term Loan B 'B-' --------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to Victory Buyer LLC's proposed $590 million first-lien term loan B due 2033. As part of the transaction, the company is also proposing to issue a new $175 million second lien term loan (not rated) due 2033 and intends to increase the size and extend the maturity of its revolving credit facility to $110 million (not rated) due 2031 from $85 million due 2028 previously. The recovery rating of 3' reflects its expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a default. The company will use the proceeds from the proposed term loans to fully repay amounts outstanding on its existing revolving credit facility, $525 million first-lien term loan B maturing in 2028 and $210 million second lien term loan (not rated) maturing in 2029. S&P expects this to be a leverage neutral transaction that improves the company's liquidity and maturity profile. Issue Ratings--Recovery Analysis Key analytical factors -- The capital structure includes the proposed $590 million first-lien term loan, the proposed $175 million second-lien term loan, and a $110 million revolving credit facility (not rated). -- S&P's simulated default scenario assumes a default in 2028 following an unexpected economic downturn and sustained cutbacks in modernization and new construction that decrease sales volumes, pressure pricing and margin, and strain cash flow. These conditions leave Victory Buyer unable to meet its debt service burden and interest costs. -- The gross enterprise value of approximately $359 million is based on an emergence EBITDA of $72 million. S&P said, "We believe lenders will aim to maximize Victory Buyer's value and pursue reorganization rather than liquidation in a default scenario. Therefore, we value the company on a going-concern basis and apply a 5x multiple to our projected emergence EBITDA. The 5x multiple reflects its small scale in a niche market." Simulated default assumptions -- Simulated year of default: 2028 -- Emergence EBITDA: $72 million -- EBITDA multiple: 5x -- Jurisdiction: U.S. Simplified waterfall -- Gross enterprise value: $359 million -- Net enterprise value (after 5% administrative costs): $341 million -- Valuation split (obligors/non obligors): 86%/14% -- Priority claims: $0 million -- Total value available to first-lien claims: $324 million -- Total first-lien debt claims: $662 million --Recovery expectations: 50%-70% (rounded estimate: 50%) VILLA CHARDONNAY: Appointment of Leslie Gladstone as Trustee OK'd ----------------------------------------------------------------- Judge J. Barret Marum of the U.S. Bankruptcy Court for the Southern District of California approved the appointment of Leslie Gladstone as Chapter 11 trustee for Villa Chardonnay Horses With Wings, Inc. Ms. Gladstone was appointed on January 29 by the U.S. Trustee for Region 15, the Justice Department's bankruptcy watchdog overseeing Villa's Chapter 11 case. Ms. Gladstone disclosed in a court filing that she is a disinterested person under Section 101(14) of the Bankruptcy Code. About Villa Chardonnay Horses With Wings Inc. Villa Chardonnay Horses With Wings Inc., based in Julian, California, operates as a nonprofit animal sanctuary providing care for rescued horses, cats, dogs, goats, and other animals, with a focus on senior and special-needs animals. The organization maintains a large, peaceful environment for these animals and relies on donations and volunteer support to sustain its operations. It is classified within the animal welfare and rescue sector. Villa Chardonnay Horses With Wings Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Calif. Case No. 25-03692) on September 1, 2025. In its petition, the Debtor reported total assets of $3,978,280 and total liabilities of $7,073,342. Judge J. Barrett Marum oversees the case. The Debtor is represented by Michael R. Totaro, Esq., at Totaro & Shanahan, LLP. VILLAGE HOMES: Court OKs VHL Property Sale to Kalpit & Nikhil Patel ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, has granted Village Homes LP to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Texas limited partnership formed in 1996. The Debtor's general partner is DH Management, Inc., a Texas corporation, which holds a 1% general partner interest. The Debtor has two limited partners: Michael Dike and James R. Harris. The Debtor is engaged in the construction of single-family homes, the acquisition and disposition of lots and options to acquire lots, and in the marketing and sale of completed homes. The Debtor's real properties are located in various subdivisions in Tarrant and Parker Counties, Texas. The Court has authorized the Debtor to sell the 3412 Vista Highlands Lane, Fort Worth, Texas 76135 (VHL Property) to Kalpit Patel and Nikhil Patel for the purchase price of purchase price is $299,000. The VHL Property shall be sold, and is hereby sold, free and clear of liens, claims and interest of Worthington Bank with such liens, claims, and interest to attach to the proceeds of the sale. The VHL Property is not one of the Contract Lots and is thus not listed in the Lis Pendens filed by VilHom. At the closing of the sale of the VHL Property, the closing agent is authorized to distribute the sales proceeds for the payment of normal and customary costs of sale, including commission, title fees, and the Debtor's portion of the prorated taxes assessed against the property, and the payment to Worthington Bank of the Release Price for the VHL Property. The Buyer of the VHL Property as identified in the VHL Agreement is not an "insider" of the Debtor. The Buyer of the VHL Property is purchasing the VHL Property in good faith and for value and is a good faith purchaser. About Village Homes for Fort Worth Village Homes for Fort Worth was established in 1996 and has grown into a trusted homebuilder in Fort Worth, Texas, known for its inspired designs and dedication to quality. With almost three decades of experience, the company has fulfilled the dreams of over 1,500 homeowners while collaborating closely with the region's top architects, craftsmen, and vendors. KC 117 LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on October 1, 2025. Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents aslegal counsel of the Debtor. WEITLUND CONSTRUCTION: Summerfield Property Sale to J. Drywall OK'd ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, has granted Weitlund Construction LLC, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 15067 SE 61st Court, Summerfield, Fl 34491. The Debtor's Real Property has on it a partially constructed residential home. The Court has authorized the Debtor to sell the Property to James Harris Drywall who desires to complete the construction of the home for resale. The purchase price of the Property is $150,000.00. The proceeds of the sale shall be paid directly to Renasant Bank which holds a lien on the proceeds. About Weitlund Construction Weitlund Construction, LLC owns 10 properties in Marion County, Fla., having an aggregate value of $99,299. The company is based in Ocala, Fla. Weitlund filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00424) on February 12, 2024, with $99,299 in assets and $2,355,674 in liabilities. Leamon G. Lunday, managing member, signed the petition. Judge Jason A. Burgess oversees the case. Richard A. Perry, Esq., at Richard A. Perry, P.A., is the Debtor's legal counsel. WELTY SERVICES: Amends Brazoria Property Sale to Coastal Cutters ---------------------------------------------------------------- Welty Services, LLC, d/b/a Brazoria County Truck Outfitters, d/b/a Jones And Hadley, and d/b/a Mike's Paint and Body Shop, seeks permission from the U.S. bankruptcy Court for the Southern District of Texas, Galveston Division, in a supplement motion to sell Property, free and clear of liens, claims, interests, and encumbrances. The Court previously held a hearing on the Sale Motion on November 25, 2025. At the hearing, the Court continued the hearing on the Sale Motion to February 10, 2026, at 11:30 a.m. CST via telephone and video conference. he Sale Motion seeks authority to sell the property commonly known as 2201 South Velasco, Hwy 288B, consisting of 5 acres of unimproved land located in Brazoria County for $325,000 with the proceeds to be used to pay off debt secured by the Property and for other purposes. The proposed purchasers were Denuka Weerakoon and Subash Kumarasinghe with the purchase price of $325,000. Since the November 25, 2025 hearing date, the Prior Purchasers withdrew from the proposed transaction. The Debtor obtained a new purchaser, Coastal Cutters, LLC and Joel Delgado. Coastal Cutters is a Texas domestic LLC formed in 2020. Mr. Delgado is its registered agent. The Texas Secretary of State lists Coastal Cutters' status as active as of a search on February 3, 2026. Mr. Delgado is one the larger farmers in the Angleton area and is understood to be seeking space for storage for Coastal Cutters which clears grass and plants on or near roadways. The terms of the new contract, attached as Exhibit A, include Coastal Cutters to pay $65,000 to the Debtor at the closing and finance the balance of the purchase price of $325,000 with a loan. There are no contingencies to closing. Coastal Cutters delivered $3,250 to escrow as earnest money. The Debtor understands from Mr. Delgado's banker that the loan has been set up and is ready to fund. The buyer's real estate agent is a new company, Cornerstone Realtors. Mr. Delgado is the father in law of Coastal Cutters’ broker in this transaction. https://urlcurt.com/u?l=jjHnPO The Debtor believes that no other facts or conditions stated in the Motion have changed. About Welty Services LLC Welty Services, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80315) on July 10, 2025, listing between $1 million and $10 million in both assets and liabilities. The petition was signed by Donnie Welty Jr. as managing member. Judge Alfredo R. Perez oversees the case. The Debtor tapped Genevieve Graham, Esq., at Graham, PLLC and Steven R. Fox, Esq., at FoxLaw Corporation Inc. as counsel. WILLIAM D. LEDFORD: Starts Chapter 11 Bankruptcy in Missouri ------------------------------------------------------------ On February 2, 2026, William D. Ledford, DDS, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Missouri. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About William D. Ledford, DDS, LLC William D. Ledford, DDS, LLC is a Missouri-based dental practice providing general and specialty dental care services. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40187) on February 2, 2026. In its petition, the debtor reported estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Cynthia A. Norton handles the case. The debtor is represented by Gary Mardian, Esq., of Wiesner & Frackowiak, L.C. WRIGHT SCAPES: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Wright Scapes, Inc. 4839 SW 148 AVE #229 Fort Lauderdale, FL 33330 Business Description: Wright Scapes, Inc. provides commercial and residential landscape design, installation, and maintenance services in South Florida, including hardscape, pavers, artificial grass, tree care, and storm cleanup. The Company has been operating for over 14 years and serves clients across the region, offering professional landscaping solutions that enhance property aesthetics and value. Wright Scapes is fully licensed and insured, delivering services with trained staff and state-of-the-art safety equipment. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-11393 Debtor's Counsel: Thomas L. Abrams, Esq. THOMAS L ABRAMS PA 1213 SE 3rd Avenue Fort Lauderdale, FL 33316 Tel: (954) 523-0900 Email: tabrams@tabramslaw.com Total Assets: $127,135 Total Liabilities: $1,474,522 The petition was signed by Erik Wright 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/5Q6YBPI/Wright_Scapes_Inc__flsbke-26-11393__0001.0.pdf?mcid=tGE4TAMA WSN CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: WSN Construction, LLC 1445 Scotland Road Havana, FL 32333 Business Description: WSN Construction, LLC provides commercial construction services including land clearing, preliminary site work, underground utilities installation, metal fabrication, and asphalt and concrete work, serving Northwest Florida and Southwest Georgia. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Northern District of Florida Case No.: 26-40059 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 Fax: (850) 270-2441 Email: twright@brunerwright.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by William Scott Nelson as manager. 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/66WPEOA/WSN_Construction_LLC__flnbke-26-40059__0001.0.pdf?mcid=tGE4TAMA WYNN RESORTS: Fitch Affirms 'BB-' IDR, Outlook Stable ----------------------------------------------------- Fitch Ratings has affirmed Wynn Resorts, Limited's (WRL) and subsidiaries' (collectively Wynn) Issuer Default Ratings (IDRs) at 'BB-'. The Rating Outlook is Stable. The subsidiaries are Wynn Resorts Finance, LLC (WRF), Wynn Las Vegas, LLC (WLV), Wynn Macau, Limited (WML), and WM Cayman Holdings Limited II (WMC). Fitch also affirmed Wynn's senior secured and unsecured debt at 'BB+' with a Recovery Rating of 'RR1' and 'BB-'/'RR4', respectively. Wynn Resorts Limited's ratings reflect its high-quality gaming portfolio, strong positions in Macau and Las Vegas that target high-valued customers and robust liquidity to fund near-term capital projects. These strengths are balanced against modest diversification and sizable capital needs for current and potential projects, which could slow credit improvement. The Stable Outlook reflects Fitch's view that the Macau market will keep growing, despite potential headwinds in the Chinese economy, Wynn's strong market position in the Las Vegas market and strong FCF generation. Key Rating Drivers Leverage Modestly High: Fitch projects EBITDAR leverage for 2025 at 5.7x, slightly higher than 5.4x in 2024. This is due to weaker results in Macau and Las Vegas, with debt relatively unchanged. The forecast is still within Fitch's prior expectations and the company is expected to be FCF positive over the forecast horizon. Management does not have an explicit leverage financial policy, but the balance sheet has been prudently managed over the years, despite taking on developments that temporarily increase leverage. Wynn views its stock repurchase program as opportunistic and reflects management's view of the intrinsic value of stock versus the market price. Strong Liquidity: Wynn holds $1.49 billion in cash and a further $475 million of short-term investments. Availability on the Wynn Resorts (WRF) revolver is $1.23 billion and $1.36 billion on the Wynn Macau revolver (WMC). Fitch anticipates the company to remain FCF positive through 2026 as it completes several major capital expansion projects. In 2027, Fitch expects FCF to grow as no major capital expansion projects are anticipated. Fitch does not expect material debt reduction, but EBITDA growth from those projects, including cash flow from Al Marjan through dividends and management fees, is expected to lead to improved debt metrics. Macau Should Provide Upside: Fitch expects Wynn's two Macau properties to come in below 2024, due to a slower than expected rebound in Macau and more intense competitive pressures. Gross gaming revenues have shown strong improvement in the second half of 2025, which is expected to continue into 2026 given easier comparisons. Fitch forecasts modest growth through 2026-2028 for Wynn's Macau properties due to the continued uncertainty of the Chinese economy and continued promotional pressure. Competitive Market Position: Wynn casino and hotel properties are considered best in class and focus on high-end value customers. Although the company is not immune to economic downturns, it has a history of outperforming downturns given its customer base. Fitch expects EBITDAR at its Las Vegas properties to decline approximately 5% in 2025, although outperforming other Las Vegas focused companies that include hotels catering to a lower economic value customer. Profitability at Wynn's casino portfolio is expected to be less volatile during cyclical economic periods. Al Marjan Upside: Wynn has a 40% equity interest in Island 3 AMI FZ-LLC, which is building an integrated resort called Wynn Al Marjan Island in Ras Al Khaimah, UAE, expected to open in 2027. The project's estimated cost is $5.1 billion, with Wynn's contribution, excluding the Janu project, of about $1.1 billion. Fitch expects the company to receive cash distributions, management and license fees of about $260 million a year at steady state in its base case, consistent with Wynn's guidance. The project is seen as an attractive opportunity given limited local competition, strong demographics and high-value customer appeal. Risks include higher-than-expected costs, delayed opening and slower-than-expected visitation growth. Strong Parent and Subsidiary Linkage: Fitch views Wynn on a consolidated basis because the linkage between the parent and the operating subsidiaries is strong. As a result, Fitch applied the strong parent/weak subsidiary approach under its Parent and Subsidiary Linkage Rating Criteria. The linkage reflects the perceived high strategic and operational incentive, as the subsidiaries share brands and customers across the system. Of note, there are no material ring-fencing mechanisms to block cash movement from the subsidiaries. WRF's bonds are cross-defaulted with WLV's bonds. Peer Analysis Wynn has high-quality assets and operates in attractive regulatory regimes, while typically maintaining strong liquidity. The company's competitive position is strong given its high-quality assets and service. Leverage is high for a 'BB-' issuer, but this is offset by Wynn's strong liquidity, market position, and lower volatility of earnings. MGM Resorts International (BB-/Stable) has greater diversification and has a larger scale. MGM also has lower EBITDA leverage, although this is offset by a lower EBITDAR fixed-charge coverage ratio, as MGM has sale-leaseback agreements on most of its properties. Wynn and MGM operate in the top tier of their respective markets, but MGM also has properties that are marketed to lower- to mid-tier customers, which results in lower margins and are susceptible to more downside risk in economically challenging periods. Las Vegas Sands (BBB-/Stable) has a larger presence in Macau with five gaming properties and operates one of the highest grossing casinos in the world in Singapore. Both companies focus on premium gaming customers in large gaming markets, although LVS has a lower forecasted 2025 EBITDAR leverage at 3.3x compared with Wynn at 5.7x. Fitch’s Key Rating-Case Assumptions - Macau EBITDA in 2026 is expected to be mid to high-digit increases. Recent revenue growth suggests higher revenue growth, but promotional activity may be a headwind. - Las Vegas operations in 2026 are expected to remain relatively flat. The company has strong group and convention business and the entertainment environment in the city continues to grow, but concerns about lower economic growth could limit upside. - Encore Boston Harbor is expected to remain stable throughout the forecast period. - Wynn Al Marjan Island is expected to open in 2027, Fitch has not applied any credit to EBITDA to account for it given the uncertainty of the exact timing of the opening and the expected minimal cash impact from management fees. Fitch views the project to be credit-accretive post 2027 given the unique aspects of the property's location and brand. Assuming the property operates at the base case of $260 million in FCF, leverage in 2027, on a steady rate, would reduce to 5.2x. - Capex and investment activity include the Macau concession agreements, the UAE resort development, and expected room renovations in Las Vegas. - Base interest rate assumptions reflect the current SOFR curve. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb-, Lower), Sector Characteristics (bbb-, Moderate), Market and Competitive Positioning (bbb, Moderate), Diversification and Asset Quality (b+, Moderate), Company Operational Characteristics (bbb-, Moderate), Profitability (bbb-, Moderate), Financial Structure (b, Higher), and Financial Flexibility (bb+, Higher). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'a' results in no adjustment. - The SCP is 'bb-'. - No further adjustments made to SCP resulting in an IDR of 'BB-'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade: - EBITDAR leverage exceeding 6.0x on a sustained basis; - EBITDAR fixed charge coverage sustaining below 2.5x; - An increase in financial commitments due to new development projects or increased capital allocations to shareholders that anticipates the company will breach the EBITDAR leverage or EBITDAR fixed-charge coverage targets described above. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade: - EBITDAR leverage declining below 5.0x; - EBITDAR fixed-charge coverage above 3.0x; - Maintain strong liquidity in order to ensure capital spending and working capital needs are sufficiently financed. Liquidity and Debt Structure Liquidity includes $1.5 billion in cash, $475 million in short-term investments, $1.235 billion of availability on the WRF revolver and $1.36 billion available on its WML revolver as of Sept. 30, 2025. The company has strong access to capital, as exhibited by its ability to refinance 2026 bond maturities for Wynn Macau in 2025, and extend maturities and increase commitments for its bank facilities. Fitch expects FCF could materially grow in 2027 after obligations for Al Marjan and other current capex projects are completed. The company has not explicitly stated that proceeds would be used to repay debt, the returns on these investments should lead to improved credit metrics. At this time, there are no other long-term capital projects in 2027 and beyond other than maintenance capex. Issuer Profile Wynn Resorts, Limited owns and operates Encore Boston Harbor, Wynn Las Vegas (including Wynn Encore) and through its 72% owned subsidiary, Wynn Macau Limited, Wynn Macau and Wynn Palace in Macau, SAR. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The 2035 EBITDA rated climate.VS for Wynn is 54, suggesting elevated exposure to climate related risks. This is because of high concentration of EBITDA coming out of Macau, which has high risk of flooding, and Las Vegas, which has high water stress. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- WM Cayman Holdings Limited II LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- Wynn Macau, Limited LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- Wynn Las Vegas LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- Wynn Resorts, Limited LT IDR BB- Affirmed BB- Wynn Resorts Finance, LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- senior secured LT BB+ Affirmed RR1 BB+ [] Bankruptcy Expert Wonais Earns 5th Super Lawyers Rising Star --------------------------------------------------------------- John Wonais, founder of Wonais Law, LLC, has achieved Super Lawyers Rising Stars recognition for five consecutive years (2022--2026). This consistent peer-reviewed acknowledgment reflects the firm's commitment to providing experienced legal representation in consumer bankruptcy matters for individuals and families throughout the Chicago area. This distinction recognizes attorneys for professional achievement and peer recognition, with only a select percentage of lawyers in each state earning the Rising Stars designation each year. "We understand the financial pressures many Chicago families face," said John Wonais, Founder. "We bring not only legal expertise, but also an understanding of the unique financial circumstances affecting residents in our city." A Track Record of Focused Service The multi-year Super Lawyers Rising Stars selection speaks to Wonais Law's role as a dedicated consumer bankruptcy practice. As a Chapter 7 bankruptcy attorney in Chicago Illinois and Chapter 13 bankruptcy attorney in Cook County, John Wonais has built his practice around personalized, client-focused service since being licensed to practice law in Illinois in 2014. A graduate of the University of Illinois College of Law, he's developed deep experience helping people navigate both Chapter 7 and Chapter 13 bankruptcy options, tailoring solutions to each client's specific situation. Building Confidence Through Consistency Earning consecutive Super Lawyers Rising Stars selections has strengthened Debt Pros - Wonais Law's standing as a reliable resource for those seeking a Chapter 7 bankruptcy attorney in Chicago or guidance through Chapter 13 proceedings. This ongoing peer endorsement helps reinforce trust--not just with clients facing difficult financial decisions, but also with referral sources throughout the legal community. The recognition reflects both the quality of legal work and a genuine dedication to helping people find meaningful financial relief. This distinction recognizes attorneys for: -- Professional achievement and excellence -- Peer recognition within the legal community -- Consistent high-quality legal service Based on Wonais Law's work with Chicago-area clients, qualifying for Chapter 7 bankruptcy involves two main steps. First, your household income is compared to the median income for similar-sized households in Illinois--if you're below that median, you generally qualify. If your income is above the median, the firm looks at whether your monthly income (after allowed expenses) could realistically pay back at least 25% of your unsecured debts like credit cards and medical bills. Individuals and families in Chicago and Cook County facing financial hardship are encouraged to contact Wonais Law, LLC for a consultation. Whether exploring Chapter 7 bankruptcy options or considering Chapter 13 repayment plans, the firm offers personalized guidance to help clients understand their options and take the first step toward financial stability. Wonais Law, LLC is a Chicago-based consumer bankruptcy law firm dedicated to helping individuals and families achieve financial stability through personalized legal representation. Founded by John Wonais, a University of Illinois College of Law graduate licensed to practice in Illinois since 2014, the firm specializes in Chapter 7 and Chapter 13 bankruptcy cases throughout Chicago and Cook County. As a trusted Chapter 7 bankruptcy attorney in Chicago Illinois and Chapter 13 bankruptcy attorney in Cook County, John Wonais has built a practice centered on understanding the unique financial pressures facing Chicago-area residents. The firm takes a client-focused approach, offering clear guidance through complex bankruptcy proceedings and exploring all available debt relief options before filing. Wonais Law, LLC serves clients throughout Chicago and surrounding Cook County communities, providing compassionate, experienced representation for those seeking a fresh financial start. For more information, visit https://chicagodebtpros.com/. [] Bankruptcy Improvement Act Awaits Presidential Approval ---------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that the Bankruptcy Administration Improvement Act of 2025 has reached the desk of President Donald Trump after Congress passed the bill with bipartisan support last January 2026. The legislation is designed to update elements of the federal bankruptcy system that lawmakers and stakeholders say have stagnated over time. Among its key components are proposed adjustments to trustee compensation in Chapter 7 cases and changes affecting the administration of bankruptcy judgeships and related court functions. If signed, the act would alter how certain fees are allocated and how trustees are compensated, reflecting current economic conditions and caseload demands, the report states. Backers of the measure argue that these reforms will help ensure the bankruptcy system remains self-supporting and capable of meeting the needs of debtors and creditors alike. As the bill awaits presidential approval, proponents continue to emphasize the importance of modernizing bankruptcy administration, according to report. ********* 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 ***