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T R O U B L E D C O M P A N Y R E P O R T E R
Tuesday, February 10, 2026, Vol. 30, No. 41
Headlines
109-111 NORTH: Seeks Chapter 11 Bankruptcy in New Jersey
22 EAST C: Starts Chapter 11 Bankruptcy in Florida
405 BREWING: Seeks Chapter 7 Bankruptcy in Oklahoma
469 NE 35 STREET: Soneet Kapila Named Subchapter V Trustee
547 DUNCAN: Angela Shortall of 3Cubed Named Subchapter V Trustee
75 ESSEX: Seeks to Hire Rubin LLC as Substitute Bankruptcy Counsel
7TH STATE BUILDERS: Gets Interim OK to Use Cash Collateral
7TH STATE BUILDERS: Hires McNamee Hosea PA as Bankruptcy Counsel
84 ENERGY: Seeks to Hire Fuqua & Associates as Bankruptcy Counsel
9 CROSBY: Hires Eastdil Secured LLC as Real Estate Advisor
9 CROSBY: Hires Goldberg Weprin Finkel as Bankruptcy Counsel
A'LEURER LLC: Seeks Chapter 11 Bankruptcy in North Carolina
A.M. SCOTT: Seeks to Hire Wamsley & Company LLC as Accountant
AAC NEW: Capital Southwest Marks $3MM 1L Loan at 55% Off
ACCENT COMFORT: Hires Essex Richards PA as Bankruptcy Counsel
ADTALEM GLOBAL: Moody's Rates New $510MM Secured Term Loan 'Ba2'
ADWOA BEAUTY: Unsecured Creditors to Split $175,500 over 39 Months
AI ERA CORP: Secures $300,000 Funding With Convertible Notes
ALLEGIANCE MANAGEMENT: Todd Hennings Named Subchapter V Trustee
AMERICAN UNION LLC: Voluntary Chapter 11 Case Summary
AMERICAN UNION: Case Summary & 20 Largest Unsecured Creditors
ANGEL'S PARADISE: Leon Jones Named Subchapter V Trustee
APPLE ROOFING: Capital Southwest Marks $13.7MM 1L Loan at 33% Off
ARBORICULTURAL SOLUTIONS: Case Summary & 20 Unsecured Creditors
ARIZONA HORSE: Edward Burr Named Subchapter V Trustee
ASPIRA WOMEN'S: Obtains $1.05M Subordinated Loan From Agile Lending
AVISON YOUNG: Guggenheim Marks $179,668 Loan at 80% Off
AVISON YOUNG: Guggenheim Strategic Marks $1MM Loan at 51% Off
B+T GROUP: Gladstone Marks $14MM 1L Loan at 71% Off
BAER & ASSOCIATES: Seeks Chapter 11 Bankruptcy in Kansas
BAYTEX ENERGY: S&P Withdraws 'B+' ICR, Outlook Stable
BEELINE HOLDINGS: Converts 2M Preferred Shares to Common Shares
BEVERLEY'S HOME: Claims to be Paid from Ongoing Operations
BLINK CHARGING: Faces Nasdaq Bid Price Non-Compliance
BLUE RIBBON: Guggenheim Marks $5.4MM Loan at 35.4% Off
BOREN INC: Unsecured Creditors to Split $33,270 over 5 Years
BOSTIC ENTERPRISE: Commences Chapter 11 Bankruptcy in Kentucky
BRANDNER DESIGN: Capital Southwest Marks $140,000 Loan at 29% Off
BRANDNER DESIGN: Capital Southwest Marks $300,000 Loan at 24% Off
BRANDNER DESIGN: Capital Southwest Marks $9.1MM 1L Loan at 26% Off
BREWTIFUL PROPERTIES: Case Summary & Six Unsecured Creditors
BRIX CITY BREWING: Seeks Chapter 11 Bankruptcy in New Jersey
BRIX CITY: Case Summary & 20 Largest Unsecured Creditors
BUDDY MAC: Gets Interim OK to Obtain DIP Financing
BURMAN'S TREE: Commences Chapter 11 Bankruptcy in Michigan
CANO HEALTH: CEO Accused of Deceiving Investor in $30MM Share Deal
CARR'S PLUMBING: Commences Chapter 11 Bankruptcy in Kansas
CBM ENTERPRISES: Seeks Chapter 11 Bankruptcy in Texas
CDF INC: Unsecured Creditors to Get 100 Cents on Dollar in Plan
CEDAR HAVEN: Hearing on Bid to Appoint Trustee Set for Feb. 18
CELSIUS NETWORK: Court Stays Case Against Jeremie Beaudry
CLOUDFARM INC: Commences Chapter 7 Bankruptcy in Vermont
COAST GLOBAL: Seeks Chapter 11 Bankruptcy in New Jersey
CONAIR HOLDINGS: Guggenheim Marks $1.3MM Loan at 51% Off
COOPER-STANDARD AUTOMOTIVE: Moody's Ups CFR to B3, Outlook Stable
COUNTRY WILLOW: Seeks Chapter 7 Bankruptcy in New York
CSC HOLDINGS: Guggenheim Marks $1.9MM Corporate Bond at 64% Off
CSC HOLDINGS: Guggenheim Marks $2.7MM Bond at 22% Off
CTL-AEROSPACE INC: Seeks to Hire PW Partners LLC as Accountant
CTL-AEROSPACE INC: Seeks to Hire RSM US LLP as Accountant
DEL MONTE: Court Okays Chapter 11 Creditor Settlement, Sales
DIOCESE OF BUFFALO: Abuse Settlement Hits $315MM in Ch. 11 Case
DRIFTWOOD YOGA: Taps Hamilton Stephens Steele as Bankruptcy Counsel
DYNACQ HEALTHCARE: Seeks to Hire Ordinary Course Professionals
EAST MOUNTAIN HIGH SCHOOL: S&P Assigns 'BB-' ICR, Outlook Stable
EDGE ADHESIVES: Gladstone Virtually Writes Off $9.2MM 1L Loan
EDGE DOCUMENT: Seeks to Hire indinero Inc as Accountant
ELLAS KOUZINA: Tamara Miles Ogier Named Subchapter V Trustee
ENVUE MEDICAL: Preferred Shareholders Agree to Remove Floor Price
EXACTECH INC: Trust Claims TPG Hid Defects to Avoid Liability
EXIDE TECHNOLOGIES: Guggenheim Virtually Writes Off $2.35MM Bond
EXOTIC COACH: Hires Van Horn Law Group PA as Bankruptcy Counsel
FAT BRANDS: Creditors Urge Court to Suspend CEO Andrew Wiederhorn
FAT BRANDS: Gets Interim OK to Use Cash Collateral Until Feb. 23
FAT BRANDS: Seeks Court OK to Use Subsidiary Stock Sale Cash
FIRST BRANDS: Insurers Appeal Chapter 11 D&O Policy Ruling
FIRST INVESTMENT GROUP: Seeks Chapter 11 Bankruptcy in New Jersey
FRANCESCA'S ACQUISITION: Case Summary & 32 Unsecured Creditors
FRANCESCA'S ACQUISITION: Court OKs Store Closing Sales in Ch. 11
FRANCESCA'S ACQUISITION: Enters Chapter 11 to Support Liquidation
FREE SPEECH: Alex Jones' Ex-Lawyer Asks Court to Void Suspension
FULCRUM BIOENERGY: Strikes Deal to Settle Abengoa Chapter 11 Claims
G D FAMILY: Jeanette McPherson Named Subchapter V Trustee
GAINS INTERMEDIATE: Capital Southwest Marks $7.4M Loan at 30% Off
GAINS INTERMEDIATE: Capital Southwest Marks $7.5M Loan at 24% Off
GENIE INVESTMENTS: Cohan's Motion for Leave to Appeal Shelved
GENTLE DENTAL: Unsecureds Will Get 19% of Claims over 5 Years
HANDLE PREFORMS: Todd Hennings Named Subchapter V Trustee
HARRISON BY RENZZI: Aleida Molina Named Subchapter V Trustee
HEYWOOD HEALTHCARE: Bid to Dismiss Adversary Case Shelved
HORIZON FACILITIES: Gladstone Marks $57.7MM 1L Loan at 54% Off
HYPHA LABS: Fruci Out, Astra Audit In as New Registered Auditor
IKER'S PROMISE: Unsecureds to Get Share of Income for 60 Months
IMERYS TALC: Spent Around Seven Yrs. Navigating Chapter 11
INDY WHOLESALE: Starts Chapter 11 Bankruptcy in Indiana
INSPIRED HEALTH: Gets Interim OK for $35MM Chapter 11 Funding
JIB FOODS: Case Summary & 20 Largest Unsecured Creditors
JIM H. POLLES: Unsecureds to Get Share of Income for 3 Years
JONES ENTERPRISES: Seeks Chapter 11 Bankruptcy in South Carolina
KARROW WHITEFISH: Hires Patten Peterman Bekkedahl as Attorney
KEATON BEACH: Daniel Etlinger Named Subchapter V Trustee
KEN'S BAR-B-QUE: Case Summary & Five Unsecured Creditors
KEN'S BAR-B-QUE: Seeks Chapter 11 Bankruptcy in Florida
LIMA NATION: Owner Abruptly Closes Restaurant in Wichita
LINQTO INC: Judge Approves Chapter 11 Plan w/ Stock Deal
LKM CONVENIENCE: Hires Robert L. Marrero as Bankruptcy Counsel
LLFLEX LLC: Capital Southwest Marks $10.2MM 1L Loan at 22% Off
LS INTERIORS: Tarek Kiem of Kiem Law Named Subchapter V Trustee
LUCY COOPER'S: Seek to Employ Langley & Banack as Attorneys
LUMEN TECHNOLOGIES: S&P Raises Senior Unsecured Debt Rating to 'B'
M&A ASSOCIATES: Seeks Chapter 7 Bankruptcy in New Jersey
MANNING MECHANICAL: Commences Chapter 11 Bankruptcy in Michigan
MAR & MAR: Mark Sharf Named Subchapter V Trustee
MARELLI AUTOMOTIVE: Plan Exclusivity Period Extended to June 15
MARQUIE GROUP: CFO Marc Angell Steps Down
MERCURY ACQUISITION: Capital Southwest Marks $12.9M Loan at 16% Off
MERCURY ACQUISITION: Capital Southwest Marks $2.9M Loan at 60% Off
MESEARCH MEDIA: Wins Bid to Dismiss Crivella et al. Adversary Case
MII AVIATION: Seeks Chapter 11 Bankruptcy in Delaware
MISTER CAR: Moody's Affirms 'B2' CFR & Alters Outlook to Positive
MORAN FOODS: Guggenheim Marks $1.9MM Loan at 77.1% Off
MORE THAN PLUMBING: Employs Schafer and Weiner as Legal Counsel
MULTI-COLOR CORP: Hires Kirkland, Cole Schotz for Chap. 11 Help
MULTI-COLOR CORP: Taps Kurtzman Carson as Claims Agent
MULTI-COLOR CORP: To Seek Plan Confirmation on March 17
MULTI-COLOR CORP: Unsecureds Unimpaired in Prepackaged Plan
NELSON LINEAS: Diana Torres-Cancel Named Subchapter V Trustee
NEO ASSETS: Hires Farsad Law Office PC as Bankruptcy Counsel
NEW PROVIDENCE: Tarek Kiem of Kiem Law Named Subchapter V Trustee
NEWKIRK LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
NIKOLA CORP: 9th Circuit Rejects Founder’s Appeal
NINE ENERGY: Taps Kane Russel, Kirkland as Restructuring Counsel
NINETEEN27 SMORES: Seeks Chapter 7 Bankruptcy in Oregon
OFFICE PROPERTIES: Gets Final OK to Obtain DIP Financing
ONYX PORTFOLIO: Retains La Fuente Legacy as Real Estate Agent
ONYX PORTFOLIO: Seeks to Employ Tran Singh as Lega Counsel
OPORTO INVESTMENTS: Hires Joyce W. Lindauer Attorney as Counsel
OROVILLE HOSPITAL: Committee Hires Dentons US LLP as Legal Counsel
OROVILLE HOSPITAL: Committee Taps Downey Brand as Special Counsel
OUTFRONT MEDIA: Moody's Upgrades CFR to 'Ba3', Outlook Stable
PALM GREENS: Hires RLC PA Lawyers & Consultants as Attorney
PASTIME LOUNGE: Claims to be Paid from Property Sale Proceeds
PAT'S HOME: Seeks Chapter 11 Bankruptcy in New Jersey
PELICAN PROS: Voluntary Chapter 11 Case Summary
PORT ELIZABETH: Seeks to Extend Plan Exclusivity to July 13
POSIGEN PBC: Gets Court OK for Asset Sale to Lenders, $43.9MM Loan
PRESTIGE HEALTHCARE: Hires Tydings & Rosenberg LLP as Attorney
PRETIUM PACKAGING: Appoints Stretto as Claims and Noticing Agent
RED RIVER: 3rd Circ. Remands J&J Unit's Libel Suit Over Talc Study
RM IMAGING: Seeks Chapter 11 Bankruptcy in Florida
ROCKY MOUNTAIN: Hires Patten Peterman Bekkedahl & Green as Counsel
ROLLIN' VETS: Chris Quinn Named Subchapter V Trustee
SAKS GLOBAL: Court OKs Deal Terms to Remain Sealed in Swipe Fee MDL
SAVE A CONNIE: G. Matt Barberich Named Subchapter V Trustee
SCRIP INC: Capital Southwest Marks $17.7MM 1L Lien Loan at 14% Off
SERAPH AVIATION: Seeks Chapter 7 Bankruptcy in Delaware
STG LOGISTICS: Lenders Excluded From Uptier Deal File Lawsuit
STOMATCARE DSO: Case Summary & 20 Largest Unsecured Creditors
STUDENT RESOURCE: Capital Southwest Marks $9.6MM 1L Loan at 61% Off
SURVWEST LLC: Court OKs Appointment of Successor Chapter 11 Trustee
SYNERGY MANUAL: Hires Kutner Brinen Dickey Riley PC as Counsel
T & T FOODS: Seeks to Tap Mark S. Roher P.A. as Bankruptcy Counsel
TECHNICAL ARTS: Employs Auction Advisors as Expert Witness
TODD CREEK: Taps Entreken Associates as Real Estate Consultant
TRU LEASE: Hires Gensburg Calandriello & Kanter P.C. as Attorney
TRU LEASE: Seeks to Hire Kreshmore Group LLC as Financial Advisors
TWO JAYS PROPERTIES: Daniel Etlinger Named Subchapter V Trustee
TWO JAYS: Daniel Etlinger Named Subchapter V Trustee
U.S. TELEPACIFIC: Capital Southwest Marks $2.68M 1L Loan at 60% Off
VARSITY BRANDS: Agrees to Settle Data Breach Suit for $1.1-Mil.
VERA HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
VERA HOLDINGS: Starts Chapter 11 Bankruptcy in Florida
VILLAGE ROADSHOW: Class 3A Unsecureds to Recover 100% of Claims
VILLAGES HEALTH: Unsecured Claims Under $10K to Recover 90% in Plan
VISALUS INC: Amends Unsecured Claims Pay Details
VOCI CENTER: Seeks to Tap Essex Richards PA as Bankruptcy Counsel
VSBROOKS INC: Unsecured Creditors to Split $12,500 in Plan
WE WEST TEXAS: Seeks to Hire Hayward PLLC as Bankruptcy Counsel
WEEDEN RANCH: Seeks to Hire Phillips Realty as Real Estate Broker
WEST SIDE ENTERPRISES: Seeks Chapter 11 Bankruptcy in New Jersey
WHITEWATER WHISTLER: Moody's Alters Outlook on Ba2 CFR to Negative
WILDFLOWER INVESTMENT: Unsecureds Will Get 90% of Claims in Plan
WOLF LAKE DEVELOPMENT: Seeks Ch. 11 Bankruptcy in North Carolina
WRIGHT SCAPES: Commences Chapter 11 Bankruptcy in Florida
WSN CONSTRUCTION: Seeks Subchapter V Bankruptcy in Florida
[] Glenn Agre Elevates George L. Santiago to Partner
[] U.S. Commercial Chapter 11 Filings Rose 76% in January 2026
*********
109-111 NORTH: Seeks Chapter 11 Bankruptcy in New Jersey
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109-111 North NJ Ave LLC commenced a voluntary Chapter 11
bankruptcy case on February 5, 2026, in the District of New Jersey.
Court records show the Debtor lists 1–49 creditors, with
liabilities reported as unknown.
About 109-111 North NJ Ave LLC
109-111 North NJ Ave LLC operates as a limited liability company
conducting commercial activities.
The company filed for relief under Chapter 11 of the U.S.
Bankruptcy Code (Case No. 26-11307) on February 5, 2026. The
bankruptcy petition reflects estimated assets between $100,001 and
$1,000,000, while liabilities were not specified.
Honorable Chief Bankruptcy Judge Christine M. Gravelle presides
over the case.
22 EAST C: Starts Chapter 11 Bankruptcy in Florida
--------------------------------------------------
On February 03, 2026, 22 EAST C LLC filed for Chapter 11 bankruptcy
protection in the Middle District of Florida as part of a voluntary
restructuring effort. Court records show the Debtor reported $1MM
to $10MM in debt involving 1–49 creditors.
About 22 EAST C LLC
22 EAST C LLC is a U.S.-based limited liability company.
22 EAST C LLC initiated proceedings under Chapter 11 of the U.S.
Bankruptcy Code (Case No. 26-00726) on February 03, 2026. The
filing reflects estimated assets in the range of $100,001 to
$1,000,000 and estimated liabilities between $1MM and $10MM.
The case is before Bankruptcy Judge Lori V. Vaughan.
The Debtor is represented by Jeffrey Ainsworth, Esq., of BransonLaw
PLLC.
405 BREWING: Seeks Chapter 7 Bankruptcy in Oklahoma
---------------------------------------------------
405 Brewing Co LLC filed a voluntary Chapter 7 bankruptcy petition
on January 30, 2026, in the Western District of Oklahoma. Court
records show the company reports liabilities ranging from $100,001
to $1,000,000, with 1–49 creditors listed.
About 405 Brewing Co LLC
405 Brewing Co LLC operates in the beverage manufacturing sector,
focusing on the production and sale of craft beer.
The company sought Chapter 7 protection under the U.S. Bankruptcy
Code (Bankr. W.D. Okla. Case No. 26-10252) on January 30, 2026. Its
petition lists estimated assets of $0–$100,000 and estimated
liabilities of $100,001–$1,000,000.
The case is assigned to Chief Judge Sarah A. Hall.
The Debtor is represented by O. Clifton Gooding, Esq., of The
Gooding Law Firm.
469 NE 35 STREET: Soneet Kapila Named Subchapter V Trustee
----------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Soneet Kapila of
Kapila Mukamal as Subchapter V trustee for 469 NE 35 Street, LLC.
Mr. Kapila will be paid an hourly fee of $450 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Kapila declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Soneet R. Kapila
Kapila Mukamal
1000 South Federal Highway, Suite 200
Fort Lauderdale, FL 33316
Tel: (954) 761-1011
Email: skapila@kapilamukamal.com
About 469 NE 35 Street LLC
469 NE 35 Street, LLC filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11151) on
January 29, 2026, listing up to $50,000 in assets and between
$100,001 and $500,000 in liabilities.
Judge Erik P. Kimball presides over the case.
547 DUNCAN: Angela Shortall of 3Cubed Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 4 appointed Angela Shortall of
3Cubed Advisory Services, LLC as Subchapter V trustee for 547
Duncan, Llc.
Ms. Shortall will be paid an hourly fee of $525 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Shortall declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Angela L. Shortall
3Cubed Advisory Services, LLC
111 S. Calvert St., Suite 1400
Baltimore, MD 21202
Phone: 410-783-6385
About 547 Duncan Llc
547 Duncan Llc filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10202) on January
28, 2026, listing assets of up to $50,000 and liabilities of
$500,001 to $1 million.
75 ESSEX: Seeks to Hire Rubin LLC as Substitute Bankruptcy Counsel
------------------------------------------------------------------
75 Essex Corner LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire Rubin LLC as
substitute bankruptcy counsel.
The firm will render these services:
(a) provide legal advice with respect to the powers and duties
of the Debtors as a debtor in possession in the operation and
management of their business;
(b) represent the Debtors before the Court and at hearings on
matters pertaining to their affairs, as debtors in possession,
including prosecuting and defend litigated matters that may arise
during the Chapter 11 Cases;
(c) represent the Debtors in formulating and prosecuting a plan
of reorganization;
(d) represent the Debtors at any meeting of creditors and
confirmation hearing, and any adjourned hearings thereof;
(e) prepare on behalf of the Debtors the necessary applications,
answers, orders, reports, documents, and other legal papers which
may be required in the Chapter 11 Cases; and
(f) perform such other legal services for the Debtors that may
be appropriate and necessary.
Rubin LLC's attorney billing rates range from $475 to $550 per
hour, and paralegal time is billed at $75 per hour.
Rubin LLC will also be reimbursed for reasonable out-of-pocket
expenses incurred.
The firm received a retainer in the amount of $20,000.
Paul A. Rubin, partner of Rubin LLC, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.
Rubin LLC can be reached at:
Paul A. Rubin, Esq.
Hanh V. Huynh, Esq.
RUBIN LLC
345 Seventh Avenue, 21st Floor
New York, NY 10001
Tel: (212) 390-8054
Fax: (212) 390-8064
E-mail: prubin@rubinlawllc.com
hhuynh@rubinlawllc.com
About 75 Essex Corner LLC
75 Essex Corner LLC is a single asset real estate debtor, as
defined in 11 U.S.C. Section 101(51B).
75 Essex Corner LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-41388) on March 25,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million.
Honorable Bankruptcy Judge Nancy Hershey Lord handles the case.
The Debtor is represented by Joshua R. Bronstein, Esq. at JOSHUA R.
BRONSTEIN & ASSOCIATES, PLLC.
7TH STATE BUILDERS: Gets Interim OK to Use Cash Collateral
----------------------------------------------------------
7th State Builders, LLC got the green light from the U.S.
Bankruptcy Court for the District of Maryland, Greenbelt Division,
to use cash collateral.
At the recent hearing, the court authorized the Debtor's interim
use of cash collateral and set a final hearing for March 26.
The Debtor intends to use the cash collateral of secured lenders
consistent with its budget to pay business expenses and maintain
profitability while reorganizing.
In exchange, the Debtor offers to provide lenders with adequate
protection through replacement liens, ongoing financial reporting,
and continued operations at a break-even or profitable level.
The Debtor is a Maryland-based home improvement and construction
company that filed for Chapter 11 Subchapter V on January 29. It
has continued operating as a debtor-in-possession and projects a
viable path forward after resolving unforeseen issues that had
reduced revenues.
Although the Debtor once generated up to $9 million annually,
declining cash flow forced it to borrow from multiple merchant cash
advance lenders at very high rates, leading to disputed secured
claims and numerous UCC filings asserting blanket liens on
substantially all assets. Because these lenders claim security
interests in the Debtor's accounts and proceeds, those funds
constitute cash collateral under the Bankruptcy Code and cannot be
used without consent or court approval.
About 7th State Builders LLC
7th State Builders, LLC is a Maryland-based home improvement and
construction company.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 26-10938) on January 29,
2026. In the petition signed by Ashley Gallagher, member/owner, the
Debtor disclosed up to $50,000 in assets and up to $1 million in
liabilities.
Janet M. Nesse, Esq., at McNamee Hosea, P.A., represents the Debtor
as legal counsel.
7TH STATE BUILDERS: Hires McNamee Hosea PA as Bankruptcy Counsel
----------------------------------------------------------------
7th State Builders, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to hire McNamee Hosea, P.A. as
its general bankruptcy counsel.
The firm will render these services:
(a) provide the Debtor legal advice with respect to its powers
and duties;
(b) prepare any necessary legal papers, and appear on the
Debtor's behalf in proceedings instituted by or against it;
(c) assist the Debtor in the process of selling its property
and the confirmation of a plan and approval of a disclosure
statement;
(d) assist the Debtor with other legal matters;
(e) perform all of the legal services for the Debtor that may
be necessary or desirable.
The firm will be paid at these rates:
Janet M. Nesse $575 per hour
Justin P. Fasano $450 per hour
Craig M. Palik $450 per hour
Kevin R. Feig $375 per hour
McNamee Hosea was provided a $11,738 retainer, as security for its
fees and expenses in this case.
Janet M. Nesse, Esq., a principal at McNamee Hosea, 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:
Janet M. Nesse, Esq.
MCNAMEE HOSEA, P.A.
6404 Ivy Lane, Suite 820
Greenbelt, MD 20770
Telephone: (301) 441-2420
Facsimile: (301) 982-9450
Email: jnesse@mhlayers.com
About 7th State Builders, LLC
7th State Builders, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No.
26-10938) on January 29, 2026, listing up to $50,000 in assets and
$500,001 to $1 million in liabilities.
Janet M. Nesse, Esq. at McNamee Hosea, PA serves as the Debtor's
counsel.
84 ENERGY: Seeks to Hire Fuqua & Associates as Bankruptcy Counsel
-----------------------------------------------------------------
84 Energy LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to employ Fuqua & Associates, P.C. as
counsel.
The firm will render these services:
(a) provide the Debtor legal advice with respect to its powers
and duties as a Debtor-in-possession in the continued operation of
its business, and management of its property;
(b) prepare all pleadings on behalf of the Debtor, as
Debtor-in-possession, which may be necessary;
(c) negotiate and submit a potential plan of arrangement
satisfactory to the Debtor, its estate, and the creditors at large;
(d) perform all other legal services for the Debtor as a
Debtor-in-possession which may become necessary to these
proceedings; and
(e) assist trial counsel in the prosecution and defense of
removed state court proceedings.
The firm charges these billing rates:
Richard L. Fuqua, Attorney-in-Charge $750 an hour
Law Clerks & Legal Assistants $150 an hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Richard L. Fuqua, a partner at Fuqua & 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:
Richard L. Fuqua
Fuqua & Associates, P.C.
8558 Katy Freeway, Suite 119
Houston, TX 77024
Telephone: (713) 960-0277
Facsimile: (713) 960-1064
About 84 Energy LLC
84 Energy LLC is an independent oil and gas exploration and
production company based in Richmond, Texas, operating across
multiple counties in the state. The Company manages mineral and
lease interests, and it produces crude oil, natural gas, and
related hydrocarbons from its wells. Its operations include
managing active production sites and associated assets within the
Texas energy sector.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-37093) on November
25, 2025. In the petition signed by Aaron Shimek, president, the
Debtor $0 in total assets against $7,945,975 in total liabilities
as of Dec. 31, 2024.
The Debtor tapped Richard L Fuqua, II, Esq., at Fuqua & Associates,
P.C. as bankruptcy counsel.
9 CROSBY: Hires Eastdil Secured LLC as Real Estate Advisor
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9 Crosby LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Eastdil Secured, L.L.C. as
its real estate advisor.
The firm will market and sell NoMo SoHo Hotel located at 150
Lafayette Street.
Eastdil will be paid a commission at these rates:
a. 0.75 percent of the first $120,000,000 of the gross sale
price of the [Hotel]; plus
b. 2 percent of that portion of the gross sale price of the
[Hotel] that exceeds $120,000,000 and is less than $125,000,000;
plus
c. 5 percent of that portion of the gross sale price of the
[Hotel] that equals or exceeds $125,000,000.
As disclosed in the court filings, Eastdil is a "disinterested
person" as that term is defined in section 101(14) of the
Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy
Code, and (b) does not hold or represent an interest adverse to the
Debtor or the Debtor's estate.
Scott Ellman, a managing director of Eastdil Secured LLC, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Scott Ellman
Eastdil Secured LLC
New York, NY 10019
Tel: (212) 315-7207
About 9 Crosby LLC
9 Crosby LLC owns and operates the NoMo SoHo Hotel at 150 Lafayette
Street, also known as 9 Crosby Street, in New York, NY, featuring
264 guest rooms and suites, meeting and event spaces, and a
restaurant.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12559) on November
17, 2025. In the petition signed by Daniel Sasson, manager, the
Debtor disclosed $126,638,227 in assets and $102,847,791 in
liabilities.
Judge Lisa G. Beckerman oversees the case.
Kevin J. Nash, Esq. at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
represents the Debtor as legal counsel.
9 CROSBY: Hires Goldberg Weprin Finkel as Bankruptcy Counsel
------------------------------------------------------------
9 Crosby LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Goldberg Weprin Finkel
Goldstein LLP as bankruptcy counsel.
The firm will provide these services:
(a) provide the Debtors with all necessary representation in
connection with this Chapter 11 case, as well as the Debtors'
responsibilities as Debtors-in-possession;
(b) represent the Debtors in all proceedings before the U.S.
Bankruptcy Court and the Office of the U.S. Trustee;
(c) review, prepare and file all necessary legal papers,
applications, motions, objections, adversary proceedings, and
reports on the Debtors' behalf;
(d) provide all other legal services required with respect to
achieving confirmation of a liquidating plan of reorganization in
bankruptcy; and
(e) provide all services necessary to close and consummate the
sale transaction.
The hourly rates of the firm's counsel and staff are:
Partner $785
Associate $375 - $560
Prior to the Chapter 11 filing, the firm received a pre-petition
retainer of $50,000 from the Debtor.
Kevin Nash, a member at Goldberg Weprin Finkel Goldstein, 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:
Kevin J. Nash, Esq.
Goldberg Weprin Finkel Goldstein LLP
125 Park Avenue, 12th Floor
New York, NY 10017
Telephone: (212) 221-5700
E-mail: knash@gwfglaw.com
About 9 Crosby LLC
9 Crosby LLC owns and operates the NoMo SoHo Hotel at 150 Lafayette
Street, also known as 9 Crosby Street, in New York, NY, featuring
264 guest rooms and suites, meeting and event spaces, and a
restaurant.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12559) on Nov. 17,
2025. In the petition signed by Daniel Sasson, manager, the Debtor
disclosed $126,638,227 in assets and $102,847,791 in liabilities.
Judge Lisa G. Beckerman oversees the case.
Kevin J. Nash, at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP, is the
Debtor's legal counsel.
A'LEURER LLC: Seeks Chapter 11 Bankruptcy in North Carolina
-----------------------------------------------------------
On February 2, 2026, A'Leurer LLC filed for Chapter 11 protection
in the U.S. Bankruptcy Court for the Eastern District of North
Carolina. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt, owed to 1–49 creditors.
About A'Leurer LLC
A'Leurer LLC is a privately held limited liability company engaged
in business operations.
A'Leurer LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. Case No. 26-00498) on February 2, 2026. In its
petition, the Debtor reports estimated assets of $0–$100,000 and
estimated liabilities of $100,001–$1,000,000.
Honorable Bankruptcy Judge Joseph N. Callaway handles the case.
The Debtor is represented by J.M. Cook, Esq. of J.M. Cook, P.A.
A.M. SCOTT: Seeks to Hire Wamsley & Company LLC as Accountant
-------------------------------------------------------------
A.M. Scott Distillery, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Ohio to employ Wamsley &
Company, LLC, as accountant.
The firm's services include:
(a) assisting the Debtor with preparation of tax returns;
(b) assisting the Debtor with prepared financial statements;
and
(c) assisting the Debtor in preparation of monthly operating
reports or other financial reporting required by the Bankruptcy
Court.
The firm will be paid at these rates:
H. Neal Wamsley, CPA $225 per hour
Staff $150 per hour
Mr. Wamsley, a partner at Wamsley & Company, assured the court that
his firm is a "disinterested person" within the meaning of 11
U.S.C. 101(14).
The firm can be reached through:
H. Neal Wamsley, CPA
Wamsley & Company, LLC
808 East Franklin Street
Centerville, OH 45459
Tel: (937) 435-1959
Email: neal@wamsleycompany.com
About A.M. Scott Distillery, LLC
A.M. Scott Distillery, LLC, a company in Dayton, Ohio, produces
handcrafted spirits including bourbon, rye, vodka, and gin,
offering small-batch and single-barrel selections as well as
specialty collections. It operates in the alcoholic beverages and
craft distilling industry, with production and administrative
operations in Dayton and a retail and tasting presence in Troy,
Ohio.
A.M. Scott Distillery filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-32562) on
December 22, 2025, listing between $100,001 and $500,000 in assets
and between $1 million and $10 million in liabilities.
Judge Tyson A. Crist presides over the case.
Ira H. Thomsen, Esq., represents the Debtor as legal counsel.
AAC NEW: Capital Southwest Marks $3MM 1L Loan at 55% Off
--------------------------------------------------------
Capital Southwest Corporation has marked its $3,023,000 loan
extended to AAC New Holdco Inc. to market at $1,375,000 or 45% of
the outstanding amount, according to Capital Southwest's Form 10-Q
for the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien,
Term Loan B extended to AAC New Holdco Inc. The loan accrues
interest at a rate of 20.00% per annum. The loan matures on
November 24, 2032.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About AAC New Holdco Inc.
AAC New Holdco Inc. provides healthcare services. The Company
serves patients in the United States.
ACCENT COMFORT: Hires Essex Richards PA as Bankruptcy Counsel
-------------------------------------------------------------
Accent Comfort Services, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to hire
Essex Richards, P.A. as bankruptcy counsel.
The firm will render these services:
(a) provide legal advice concerning the responsibilities as a
Chapter 11 Debtor and the continued management of its business;
(b) negotiate, prepare, and pursue confirmation of a Chapter
11 plan and approval of disclosure statement, and all related
reorganization agreements and/or documents;
(c) prepare all necessary motions, applications, reports,
orders, objections and the like associated with prosecuting the
Chapter 11 case;
(d) prepare and appear in Bankruptcy Court to protect the
Debtor's best interests;
(e) perform all other legal services for the Debtor which may
become necessary in this Chapter 11 case; and
(f) prosecute and defend the Debtor in all adversary
proceedings related to the base case.
The firm's current hourly rates:
John C. Woodman $475
Paralegal $200
Staff $65
In addition, the firm will seek reimbursement for expenses
incurred.
Mr. Woodman disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
John C. Woodman, Esq.
Essex Richards, PA
1701 South Blvd.
Charlotte, NC 28203
Telephone: (704) 377-4300
About Accent Comfort Services, LLC
Accent Comfort Services, LLC, doing business as Accent Heating and
Cooling, provides residential and commercial heating, air
conditioning, plumbing, electrical, ventilation, and remodeling
services, including emergency response, in Charlotte, North
Carolina, and parts of South Carolina. Founded in 2005, the
Charlotte-based family business operates across multiple cities in
both states, offering HVAC and related system maintenance and
repair.
Accent Comfort Services, LLC filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C.
Case No. 26-30097) on January 27, 2026, listing $500,000 to $1
million in assets and $1 million to $10 million in liabilities. The
petition was signed by Frank C. Celeste as officer.
Judge Laura T Beyer presides over the case.
John C. Woodman, Esq. at ESSEX RICHARDS PA serves as the Debtor's
counsel.
ADTALEM GLOBAL: Moody's Rates New $510MM Secured Term Loan 'Ba2'
----------------------------------------------------------------
Moody's Ratings has assigned a Ba2 rating to Adtalem Global
Education Inc.'s (Adtalem) proposed $510 million senior secured
term loan B due 2033. All other ratings, including the company's
Ba2 corporate family rating, Ba2-PD probability of default rating,
Ba2 senior secured revolving credit facility rating and its SGL-1
speculative-grade liquidity rating (SGL), remain unchanged. The
outlook remains unchanged at stable. Adtalem is a Chicago-based
provider of postsecondary education and professional talent to the
healthcare industry.
The net proceeds from the proposed senior secured term loan B and
cash will be used to repay in full outstanding indebtedness under
the company's existing senior secured term loan B due 2028 and
senior secured notes due 2028, and pay related fees and expenses.
Moody's expects the terms and conditions of the proposed term loan
B to be similar to the existing term loan. The company's $500
million senior secured revolving credit facility due 2030 will
remain in place and will be undrawn at closing of the proposed term
loan.
Since the proposed refinancing transaction will extend the
company's debt maturity profile and is leverage neutral, Moody's
considers the plan a positive credit development.
Upon closing of the transaction and repayment of debt, Moody's will
withdraw the Ba2 ratings assigned to the company's existing senior
secured term loan B due 2028 and senior secured notes due 2028.
RATINGS RATIONALE
Adtalem's Ba2 CFR incorporates the company's solid market position
in the for-profit postsecondary education market, with a primary
focus on nursing specifically and the healthcare industry more
broadly. Adtalem's medical and healthcare institutions address
significant resource shortages in the US for medical profession
services, including both nurses and doctors. Moody's projects the
company will sustain strong operating momentum and maintain at
least mid-single digit revenue growth over the next two years.
Moody's expects the company will manage its capital structure
prudently, balancing between business investments, share
repurchases, and debt repayment while maintaining very good
liquidity and conservative credit metrics.
Adtalem's ratings also reflect the company's vulnerability to the
complex regulatory landscape of for-profit higher education,
including reliance on Title IV funding and potential reputation
harm from criticisms over educational standards. Government policy
shifts could affect the institution's funding, accreditation, and
student recruitment, while negative publicity about educational
quality or student debt levels could impact enrollments and credit
standing. If legal and regulatory challenges arise and are not
resolved, they may present increased risk of operational
deterioration.
The senior secured credit facilities (including the existing
revolver and the proposed term loan B) are rated Ba2, the same as
the company's Ba2 CFR, reflecting the preponderance of debt in
Adtalem's capital structure. The senior secured credit facilities
are guaranteed by all present and future obligations of the
borrower and unconditionally guaranteed jointly and severally by
each of the borrower's direct or indirect existing or subsequently
acquired wholly-owned restricted domestic subsidiaries.
The SGL-1 speculative grade liquidity rating reflects Moody's
expectations that Adtalem will maintain very good liquidity over
the next 12-15 months. Sources of liquidity consist of $50 million
of unrestricted cash at closing, Moody's expectations for annual
free cash flow of around $300 million, and full access to the $500
million revolving credit facility due 2030. Adtalem is currently
subject to heightened cash monitoring requirements and must post a
letter of credit to maintain eligibility to participate in Title IV
programs. As of December 31, 2025, Adtalem had three surety-backed
letters of credit outstanding, totaling $202.6 million in favor of
ED. The company also posted $74.9 million of surety bonds, required
by many states for licensure of private-sector postsecondary
education institutions.
The proposed term loan will not be subject to a financial covenant.
The revolving credit facility is subject to a maximum total net
leverage ratio covenant that cannot exceed 3.25x at December 31,
2025. Moody's expects the company to maintain an ample cushion
under its financial covenant over the next 12 to 15 months.
The stable outlook reflects Moody's expectations that Adtalem will
continue to demonstrate sustained conservative credit metrics,
while expanding its revenue size and maintaining balanced financial
policies.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING
The ratings could be upgraded if Adtalem continues to demonstrate a
consistent track record of strong enrollment growth in various
economic cycles, while meaningfully increasing scale and revenue
diversity, and sustaining strong profitability. Maintaining
disciplined financial policies, strong credit metrics, including
debt/EBITDA leverage sustained below 2x and very good liquidity
would also support an upgrade. In addition, a ratings upgrade will
also be influenced by Moody's assessments of Adtalem's financial
strength relative to regulatory risks, including reducing its
reliance upon student access to US federal education loan programs
for the preponderance of its revenue.
The ratings could be downgraded if regulatory or legal challenges
result in sizeable litigation expenses, ineligibility for Title IV
funding, removal of accreditation from one of the company's
learning institutions, or sustained enrollment declines. A
downgrade could also result from the resumption of more aggressive
financial strategies--such as pursuing large debt funded
acquisitions or share repurchase activity--that lead to debt/EBITDA
leverage sustained above 2x, other than on a temporary basis.
The principal methodology used in this rating was Business and
Consumer Services published in November 2021.
Headquartered in Chicago, Illinois, Adtalem Global Education Inc.
(NYSE: ATGE) is a provider of postsecondary education and
professional talent to the healthcare industry. The company across
the US and Caribbean. As of December 31, 2025, Adtalem operated
five for-profit educational institutions and had more than 97,000
students enrolled globally at 28 campuses across 16 US states, the
Caribbean, and the UK.
Moody's expects Adtalem to generate annual revenue of around $1.9
billion in the fiscal year ending June 30, 2026.
ADWOA BEAUTY: Unsecured Creditors to Split $175,500 over 39 Months
------------------------------------------------------------------
Adwoa Beauty LLC filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Plan of Reorganization dated January
29, 2026.
The Debtor is a Delaware company which currently operates from
Dallas, Texas. Adwoa Beauty is a black-owned, science-forward hair
care brand built for textured hair.
The Plan provides for a reorganization and restructuring of the
Debtor's financial obligations.
The Plan provides for a distribution to Creditors in accordance
with the terms of the Plan from the Debtor over the course of five
years from the Debtor's continued business operations.
Class 3A consists of Nonpriority Unsecured Claims (Excludes Class
3B Claim Holders. Each holder of an Allowed Unsecured Claim in
Class 3A shall be paid by Reorganized Debtor from an unsecured
creditor pool, which pool shall be funded at the rate of $4,500.00
per month commencing January 1, 2028 (Total paid under the Plan
will be $175,500). Payments from the unsecured creditor pool shall
be paid quarterly, for a period not to exceed 39 months. The first
quarterly payment shall be made on April 1, 2028.
The Debtor estimates the aggregate of all Allowed Class 3A Claims
is approximately $1,500,000.00 based upon Debtor's review of the
Court's claim register, Debtor's bankruptcy schedules, and
anticipated Claim objections.
Class 3B consists of the unsecured Claim of Pen-Tansy LLC. Pen
Tansy LLC has filed a proof of claim asserting it is owed
approximately $4,648,000.00. The Allowed Class 3B Claim shall NOT
be modified. The Debtor and PenTansey LLC, entered into that
certain Convertible Note Purchase Agreement dated as of August 5,
2022, and the First Amendment to 5% Convertible Promissory Note
(collectively, the "Agreement"). The Agreement provides for the
accrual of interest at 5% and fully matures on February 5, 2027,
unless converted prior thereto.
Class 4 consists of the holders of Allowed Interests in the Debtor.
The holder of an Allowed Class 4 Interest shall retain their
interests in the Reorganized Debtor.
The Debtor proposes to implement and consummate this Plan through
the means contemplated by Sections 1123 and 1145(a) of the
Bankruptcy Code.
A full-text copy of the Plan of Reorganization dated January 29,
2026 is available at https://urlcurt.com/u?l=GEodr1 from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Robert T. DeMarco, Esq.
DeMarco-Mitchell PLLC
12770 Coit Road, Suite 850
Dallas, TX 75251
Telephone: (972) 991-5591
Facsimile: (972) 346-6791
Email: robert@demarcomitchell.com
About Adwoa Beauty LLC
Adwoa Beauty LLC, doing business as Adwoa Beauty, develops and
sells hair-care products for textured hair from Dallas, Texas. It
uses natural ingredients designed for curls, coils, and waves.
Founded in 2017 and led by Julian Addo, Adwoa Beauty operates in
the personal care and cosmetics industry.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 25-44261) on October
31, 2025, with $2,184,143 in assets and $6,192,343 in liabilities.
Julian Addo, managing member, signed the petition.
Judge Mark X. Mullin presides over the case.
Robert T. DeMarco, at DeMarco Mitchell, PLLC, is the Debtor's legal
counsel.
AI ERA CORP: Secures $300,000 Funding With Convertible Notes
------------------------------------------------------------
AI Era Corp. disclosed in a regulatory filing that it entered into
a Securities Purchase Agreement with Monroe Street Capital Partners
LP, pursuant to which the Company issued to Monroe a convertible
promissory note in the principal amount of $154,500 for cash
proceeds of $150,000 (reflecting $4,500 original issue discount).
On January 28, 2026, the Company entered into a Securities Purchase
Agreement with Crom Structured Opportunities Fund I, LP, pursuant
to which the Company issued to Crom a convertible promissory note
in the principal amount of $154,500 for cash proceeds of $150,000
(reflecting $4,500 original issue discount).
Material terms of the Notes include:
* Maturity and Interest: Each Note matures 12 months from its
issue date and bears interest at 10% per annum. The first 12 months
of interest ($15,450 per Note) is guaranteed and fully earned in
full as of the issue date (non-refundable even if repaid or
converted early).
* Conversion Rights: Convertible at the holder's option at any
time into shares of the Company's common stock, $0.001 par value
(the "Common Stock"), at a conversion price equal to 80% of the
lowest traded price of the Common Stock on any Trading Day during
the 20 Trading Days prior to the conversion date (subject to
adjustments for stock dividends, splits, combinations,
reclassifications, etc.). If the calculated price would be below
par value, the holder may elect par value and add "Additional
Principal" to the conversion amount to maintain equivalent shares.
Each conversion deducts a $1,750 holder fee from the amount
converted. Conversion is subject to a 4.99% beneficial ownership
limitation (calculated in accordance with Section 13(d) of the
Securities Exchange Act of 1934, including attribution and group
rules).
* Prepayment: Optional prepayment prior to default on 5
Trading Days' prior written notice at 120% of outstanding principal
+ 120% of accrued interest + $750 administrative fee. The holder
may override prepayment by converting during the notice period.
Failure to pay the prepayment amount forfeits the Company's future
prepayment rights.
* Events of Default and Remedies: Includes customary events
(non-payment, conversion failures, covenant breaches, bankruptcy,
cross-defaults, reporting failures, delisting, Rule 144
unavailability, etc.). Upon default, the Notes accelerate to 150%
of principal + accrued interest (the "Default Amount"), and the
principal balance increases by $1,000 on the 1st of each month
post-default until repaid. The holder may convert the Default
Amount post-maturity.
* Reserved Shares: The Company must reserve the greater of
2,500,000 shares or 5 times the number of shares issuable on full
conversion at the then-current price. Failure to maintain the
reserved amount is an Event of Default.
* Covenants and Restrictions: Without holder consent (not
unreasonably withheld), the Company may not: pay
dividends/distributions (except certain stock dividends or approved
shareholders' rights plans), repurchase/redeem stock or repay pari
passu/subordinated debt, sell significant assets outside ordinary
course, make affiliate loans/advances (limited exceptions), enter
Variable Rate Transactions, Prohibited Transactions (e.g., merchant
cash advances, receivable sales), or Section 3(a)(10) transactions
(25% liquidated damages, minimum $25,000 if breached).
* Other Material Provisions: Unsecured ranking;
most-favored-nation protection (better future terms apply to these
Notes); piggy-back registration rights; use of proceeds restricted
to SaaS Artificial Intelligence build-out (no officer/affiliate
repayments, prior debt repayment, etc.); arbitration in Delaware
under Delaware law.
The Company intends to use the net proceeds from the issuances for
expenses related to the Company's SaaS Artificial Intelligence
build-out.
The issuances were made in reliance on the exemption from
registration provided by Section 4(a)(2) of the Securities Act of
1933, as amended, and Rule 506(b) thereunder.
The full text copies of the SPAs and Notes, are available at
https://tinyurl.com/3pyu33mh, https://tinyurl.com/2ck69fcm,
https://tinyurl.com/3s2vhk9j, and https://tinyurl.com/mr2j8t7z.
About AI Era Corp.
AI Era Corp, formerly AB International Group Corp., is an
intellectual property (IP) and movie investment and licensing firm,
focused on the acquisitions and development of various intellectual
property. It is engaged in the acquisition and distribution of
movies and television (TV) shows. The Company's segments include
Copyrights and license (IP) segment and Cinema segment. It is also
engaged in providing technical services; running its physical movie
theater in New York and providing marketing and consulting services
in the media industry. It has the ownership and copyright of the
Non-Fungible Token (NFT) MMM platform, including the APP NFT MMM,
and the Website: starestnet.io. The Company is focused on
artificial intelligence technologies in media production and
distribution, through its wholly owned subsidiary, AI+ Hubs Corp.
AI+ Hubs Corp is primarily engaged in the acquisition,
distribution, and licensing of copyrights for movies, television
series, and short-form drama series.
As of November 30, 2025, the Company had $6.2 million in total
assets, $2.7 million in total liabilities, and a total
stockholders' equity of $3.5 million.
As of November 30, 2025, the Company had limited cash, an
accumulated deficit of approximately $10 million and a working
capital deficit of approximately $2.6 million. The continuation of
the Company as a going concern is dependent upon the continued
financial support from its stockholders or external financing and
achieving operating profits. These factors, among others, raise
substantial doubt regarding the Company's ability to continue as a
going concern.
ALLEGIANCE MANAGEMENT: Todd Hennings Named Subchapter V Trustee
---------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Todd Hennings,
Esq., at Macey, Wilensky & Hennings, LLP as Subchapter V trustee
for Allegiance Management Inc.
Mr. Hennings will be paid an hourly fee of $450 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Hennings declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Todd E. Hennings, Esq.
Macey, Wilensky & Hennings, LLP
5500 Interstate North Parkway, Suite 435
Sandy Springs, GA 30328
Phone: (404) 584-1222
Email: info@joneswalden.com
About Allegiance Management Inc.
Allegiance Management Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-51267) on
January 30, 2026.
AMERICAN UNION LLC: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: American Union, L.L.C
5001 South 16th Street
Lincoln, NE 68512
Business Description: American Union LLC owns and leases
commercial real estate in Lincoln, Nebraska,
including property used for metal recycling
operations.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
District of Nebraska
Case No.: 26-40122
Judge: Hon. Brian S Kruse
Debtor's Counsel: Patrick R. Turner, Esq.
TURNER LEGAL GROUP, LLC
9375 Burt Street
#200
Omaha, NE 68114
Tel: 402-690-3675
E-mail: pturner@turnerlegalomaha.com
Total Assets: $3,625,000
Total Liabilities: $2,197,828
The petition was signed by Ali Mohammad as manager 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/567T5NA/American_Union_LLC__nebke-26-40122__0001.0.pdf?mcid=tGE4TAMA
AMERICAN UNION: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: American Union Ventures, Inc.
d/b/a American Recycling
d/b/a American Metal Recycling
American Recycling-Recycling Center
5001 South 16th Street
Lincoln, NE 68512
Business Description: American Union Ventures Inc.,
operating under the trade names American Recycling and American
Metal Recycling, provides certified electronic waste recycling
services in the United States, handling a broad range of devices
including computers, monitors, servers, printers, and other
electronics. The Company offers secure asset disposal, pick-up
services, and community recycling events, emphasizing
environmentally responsible and transparent processing. It also
refurbishes and resells electronics, extending device lifecycles
through its online retail platforms.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
District of Nebraska
Case No.: 26-40121
Judge: Hon. Brian S Kruse
Debtor's Counsel: Patrick R. Turner, Esq.
TURNER LEGAL GROUP, LLC
9375 Burt Street
#200
Omaha, NE 68114
Tel: 402-690-3675
E-mail: pturner@turnerlegalomaha.com
Total Assets: $980,092
Total Liabilities: $3,380,531
Ali Mohammad signed the petition as president.
A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/DXDEVVQ/American_Union_Ventures_Inc__nebke-26-40121__0001.0.pdf?mcid=tGE4TAMA
ANGEL'S PARADISE: Leon Jones Named Subchapter V Trustee
-------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Leon Jones, Esq.,
at Jones & Walden, LLC, as Subchapter V trustee for Angel's
Paradise Higher Learning Academy, Inc.
Mr. Jones will be paid an hourly fee of $500 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Jones declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Leon S. Jones, Esq.
Jones & Walden, LLC
699 Piedmont Ave. NE
Atlanta, GA 30308
Phone: (404) 564-9300
ljones@joneswalden.com
About Angel's Paradise Higher Learning Academy
Angel's Paradise Higher Learning Academy, Inc. filed a petition
under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D.
Ga. Case No. 26-51205) on January 29, 2026, with $500,001 to $1
million in both assets and liabilities.
Ian M. Falcone, Esq., at The Falcone Law Firm, P.C. represents the
Debtor as bankruptcy counsel.
APPLE ROOFING: Capital Southwest Marks $13.7MM 1L Loan at 33% Off
-----------------------------------------------------------------
Capital Southwest Corporation has marked its $13,720,000 loan
extended to Apple Roofing Administrative Services LLC to market at
$9,247,000 or 67% of the outstanding amount, according to Capital
Southwest's Form 10-Q for the fiscal year ended December 31, 2025,
filed with the U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien,
Term Loan B extended to Apple Roofing Administrative Services LLC.
The loan accrues interest at a rate of 10.00% per annum. The loan
matures on August 31, 2029.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Apple Roofing Administrative Services LLC
Apple Roofing Administrative Services, LLC operates as an
investment company.
ARBORICULTURAL SOLUTIONS: Case Summary & 20 Unsecured Creditors
---------------------------------------------------------------
Debtor: Arboricultural Solutions, Inc.
d/b/a Signature Tree Solutions
1250 Church Street, Suite R2
Saint Helena, CA 94574
Business Description: Arboricultural Solutions, Inc.
provides tree and forest management planning services, offering
arborist consultations, project planning, tree preservation and
removal, integrated pest management, and vegetation management
services. The Company utilizes mechanized equipment, precision
software systems, and ISA-certified arborists and foresters to
support forestry management, fuel reduction, infrastructure
protection, regulatory compliance, and wildlife habitat
preservation. Arboricultural Solutions operates in the tree care
and forestry management industry, providing end-to-end tree
management services from consultation through project completion.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
Northern District of California
Case No.: 26-10066
Judge: Hon. William J Lafferty
Debtor's Counsel: David N. Chandler, Jr., Esq.
DAVID NYLE CHANDLER P.C.
1747 Fourth St.
Santa Rosa, CA 95404
Tel: (707) 528-4331
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Curtis Fosnaugh as CEO and 100% owner.
A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/B4QRLEA/Arboricultural_Solutions_Inc__canbke-26-10066__0001.0.pdf?mcid=tGE4TAMA
ARIZONA HORSE: Edward Burr Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 17 appointed Edward Burr of Mac
Restructuring Advisors, LLC as Subchapter V trustee for Arizona
Horse Rescue and Adoption.
Mr. Burr will be paid an hourly fee of $450 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Burr declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Edward Burr
Mac Restructuring Advisors, LLC
10191 E. Shangri La Road
Scottsdale, AZ 85260
Phone: (602) 418-2906
Email: Ted@macrestructuring.com
About Arizona Horse Rescue and Adoption
Arizona Horse Rescue and Adoption sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. 26-00616) on
January 22, 2026, with $500,001 to $1 million in both assets and
liabilities.
Grant L. Cartwright, Esq., at May, Potenza, Baran & Gillespie, P.C.
represents the Debtor as legal counsel.
ASPIRA WOMEN'S: Obtains $1.05M Subordinated Loan From Agile Lending
-------------------------------------------------------------------
Aspira Women's Health Inc. entered into a Subordinated Business
Loan and Security Agreement with Agile Lending, LLC, as lead
lender, and Agile Capital Funding, LLC, as collateral agent,
pursuant to which the Lenders (as such term is defined in the
Subordinary Loan Agreement) agreed to make a secured term loan to
the Company and certain subsidiary co-borrowers. The Subordinated
Loan Agreement is dated as of January 30, 2026.
The term loan is evidenced by a Subordinated Secured Promissory
Note in the form attached to the Subordinated Loan Agreement. The
Note was issued in the principal amount of $1,050,000, will include
interest charges of $441,000 (assuming all payments are made on
time), and is scheduled to mature on August 26, 2026.
The Note is expressly subordinated in right of payment to all
Senior Indebtedness, as described in the Note. The Company granted
a continuing security interest in substantially all the Company's
and the co-borrowers' personal property, including goods, accounts,
equipment, inventory, general intangibles (including intellectual
property), instruments, chattel paper, deposit accounts and other
investment property, and proceeds thereof, in each case subject to
customary exclusions (including anti-assignment limitations to the
extent enforceable).
The collateral agent is authorized to take actions to perfect the
security interests; however, the Subordinated Loan Agreement
provides that a financing statement may be filed only upon an event
of default. The Company will use the proceeds for general corporate
purposes.
The Subordinated Loan Agreement includes customary affirmative
covenants (including financial reporting, maintenance of insurance,
and additional assurances) and negative covenants (including
restrictions on affiliate transactions), with certain financial
covenant requirements waived. Events of default include payment
defaults, certain covenant defaults, material adverse changes,
certain liens, judgments, and insolvency events, among others. Upon
an event of default, the lenders may accelerate the obligations,
exercise remedies under the loan documents and applicable law, and
repossess collateral.
The Subordinated Loan Agreement is governed by the laws of the
Commonwealth of Virginia, with exclusive jurisdiction in Virginia
courts as specified in the agreement.
The full text copy of the Subordinary Loan Agreement, the Note and
related documents is available at https://tinyurl.com/yn73tdmh and
https://tinyurl.com/yn73tdmh, respectively.
About Aspira Women's Health
Formerly known as Vermillion, Inc., Aspira Women's Health Inc. --
http://www.aspirawh.com-- is dedicated to the discovery,
development, and commercialization of noninvasive, AI-powered tests
to aid in the diagnosis of gynecologic diseases. OvaWatch and
Ova1Plus are offered to clinicians as OvaSuiteSM. Together, they
provide a comprehensive portfolio of blood tests to aid in the
detection of ovarian cancer for the 1.2+ million American women
diagnosed with an adnexal mass each year. OvaWatch provides a
negative predictive value of 99% and is used to assess ovarian
cancer risk for women where initial clinical assessment indicates
the mass is indeterminate or benign, and thus surgery may be
premature or unnecessary. Ova1Plus is a reflex process of two
FDA-cleared tests, Ova1 and Overa, to assess the risk of ovarian
malignancy in women planned for surgery.
Boston, Massachusetts-based BDO USA, P.C., the Company's auditor
since 2012, issued a "going concern" qualification in its report
dated March 27, 2025, attached to the Company's Form 10-K Report
for the year ended December 31, 2024, citing that the Company has
suffered recurring losses from operations and expects to continue
to incur substantial losses in the future, which raise substantial
doubt about its ability to continue as a going concern.
As of September 30, 2025, the Company had $7.3 million in total
assets, $11.6 million in total liabilities, and a total
stockholders' deficit of $4.3 million.
AVISON YOUNG: Guggenheim Marks $179,668 Loan at 80% Off
-------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $179,668
loan extended to Avison Young (Canada), Inc. to market at $35,934
or 20% of the outstanding amount, according to Guggenheim's Form
N-CSR for the fiscal year ended November 30, 2025, filed with the
U.S. Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund is a participant in a
Senior Loan extended to Avison Young (Canada), Inc. The loan
accrues interest at a rate of 12.10% per annum. The loan matures on
March 12, 2029.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About AVISON YOUNG
Avison Young (Canada), Inc. is a Canada-based commercial real
estate services firm providing brokerage, advisory, and related
services across office, industrial, retail, and other property
sectors.
AVISON YOUNG: Guggenheim Strategic Marks $1MM Loan at 51% Off
-------------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $1,001,624
loan extended to Avison Young (Canada), Inc. to market at $488,292
or 48.8% of the outstanding amount, according to Guggenheim's Form
N-CSR for the fiscal year ended November 30, 2025, filed with the
U.S. Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund is a participant in a
Senior Loan extended to Avison Young (Canada), Inc. The loan
accrues interest at a rate of 12.32% per annum. The loan matures on
March 12, 2029.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About AVISON YOUNG
Avison Young (Canada), Inc. is a Canada-based commercial real
estate services firm providing brokerage, advisory, and related
services across office, industrial, retail, and other property
sectors.
B+T GROUP: Gladstone Marks $14MM 1L Loan at 71% Off
---------------------------------------------------
Gladstone Investment Corporation has marked its $14,000,000 loan
extended to B+T Group Acquisition, Inc. to market at $4,111,000 or
29% of the outstanding amount, according to Gladstone's 10-Q for
the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Gladstone Investment Corporation is a participant in a Secured
First Lien Loan extended to B+T Group Acquisition, Inc. The loan
accrues interest at a rate of 9.0% per annum. The loan matures on
December 2026.
Gladstone Investment Corporation was incorporated under the General
Corporation Law of the State of Delaware on February 18, 2005, and
completed an initial public offering on June 22, 2005. The company
is an externally managed, closed-end, non-diversified management
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940.
The Company is led by Taylor Ritchie as Chief Financial Officer and
Treasurer (principal financial and accounting officer).
The Company can be reached at:
Taylor Ritchie
Gladstone Investment Corporation
1521 Westbranch Drive, Suite 100
McLean, VA 22102
Telephone: (703) 287-5800
About B+T Group Acquisition, Inc.
B+T Group is a leading national provider of engineering and field
services to the wireless telecommunication industry.
BAER & ASSOCIATES: Seeks Chapter 11 Bankruptcy in Kansas
--------------------------------------------------------
On February 4, 2026, Baer & Associates, Inc. filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of Kansas.
According to court filings, the Debtor reports between $1 million
and $10 million in debt owed to between 1 and 49 creditors.
About Baer & Associates, Inc.
Baer & Associates, Inc. is a Kansas-based corporation.
Baer & Associates, Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-20151) on February 4, 2026. In
its petition, the Debtor reports estimated assets in the range of
$100,001 to $1,000,000 and estimated liabilities between $1 million
and $10 million.
Honorable Dale L. Somers, Chief U.S. Bankruptcy Judge, handles the
case.
The Debtor is represented by Gary Mardian, Esq., of Wiesner &
Frackowiak, L.C.
BAYTEX ENERGY: S&P Withdraws 'B+' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings withdrew its ratings on Baytex Energy Corp. at
the issuer's request. Its issuer rating on the company was 'B+' and
the outlook was stable at the time of the withdrawal. Baytex closed
on the sale of its Eagle Ford assets on Dec. 19, 2025, and
subsequentially redeemed all of its existing 8.5% senior notes due
2030 and tendered for approximately $505 million of its 7.375%
senior unsecured notes due 2032, leaving about $70 million
outstanding.
BEELINE HOLDINGS: Converts 2M Preferred Shares to Common Shares
---------------------------------------------------------------
Beeline Holdings, Inc. disclosed in a regulatory filing that on
January 27, 2026, it entered into an agreement with a holder of
Series A Convertible Redeemable Preferred Stock pursuant to which
the parties agreed to an amendment to the Certificate of
Designations, Preferences and Rights of the Series A Convertible
Redeemable Preferred Stock to allow the holder to convert up to
2,000,000 additional shares of Series A into shares of the
Company's common stock at a conversion price of $2.00, instead of
$1.75, during the redemption period provided for therein.
As a result, the holder converted the 2,000,000 shares of Series A
into 500,000 shares of common stock on January 29, 2026.
After this conversion, there are currently 4,425,102 shares of
Series A which convert into 1,264,315 shares of common stock. The
Company plans to redeem those shares of Series A at price of $2.00
per underlying share of common stock within the next 90 days.
Pursuant to the Letter Agreement the holder agreed not to sell
shares of the Company's common stock representing more than 5% of
the reported volume on the Nasdaq Capital Market on any trading
day.
A full text copy of the Letter Agreement is available at
https://tinyurl.com/56fdympp
Series A Certificate of Amendment
In accordance with the terms of the Letter Agreement, on January
28, 2026, the Company filed a Certificate of Amendment to the
Series A Certificate of Designations. A full text copy of the
Series A Certificate of Amendment is available at
https://tinyurl.com/3xuyxx9h
About Beeline Holdings
Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech
transforming the way people access property financing. Through its
fully digital, Al-powered platform, Beeline delivers a faster,
smarter path to home loans-whether for primary residences or
investment properties. Headquartered in Providence, Rhode Island,
Beeline is reshaping mortgage origination with speed, simplicity,
and transparency at its core. The Company is a wholly owned
subsidiary of Beeline Holdings and also operates Beeline Labs, its
innovation arm focused on next-generation lending solutions.
Boca Raton, Florida-based Salberg & Company, P.A., the Company's
auditor since 2024, issued a "going concern" qualification in its
report dated April 15, 2025, attached to the Company's Annual
Report on Form 10-K for the year ended December 31, 2024, citing
that the Company has incurred recurring losses and negative cash
flows from operations since its inception, has a significant
working capital deficit, and is dependent on debt and equity
financing. These matters raise substantial doubt about the
Company's ability to continue as a going concern.
As of September 30, 2025, the Company had $63.2 million in total
assets, $11.4 million in total liabilities, and $51.7 million in
total equity.
BEVERLEY'S HOME: Claims to be Paid from Ongoing Operations
----------------------------------------------------------
Beverley's Home Health Care, LLC ("BHHC") filed with the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania a Plan of
Reorganization for Small Business under Subchapter V.
The Debtor is a non-medical home care agency based in Philadelphia,
Pennsylvania, established on August 14, 2018, by registration as a
limited liability company with the Secretary of State of the
Commonwealth of Pennsylvania, Entity No. 6757665.
The company has been in continuous operation since 2018 and has
established itself as a reliable provider of non-medical home care
services in Philadelphia and surrounding counties in Southeastern
Pennsylvania. The Debtor provides in-home support through a
consumer-directed care model.
The business is currently in bankruptcy restructuring as a result
of financial losses stemming from prior investment activities that
were separate from and unrelated to its core home care operations.
In an effort to responsibly diversify its operations, the company
entered into multiple investment arrangements that were later
discovered to involve fraudulent conduct, misappropriation of
funds, and material misrepresentations by the prospective business
partner.
The bankruptcy filing was undertaken as a strategic and necessary
step to stabilize the company's financial position, restructure
obligations, and protect ongoing operations of the Debtor's core
business. Beverley's Home Health Care, LLC core business remains
fully operational, compliant, and committed to delivering
uninterrupted, high-quality non-medical home care services while
the company works toward long-term financial recovery and
sustainability.
The Debtor will have sufficient financial resources over the life
of the Plan to make the required Plan payments, to pay
administrative costs, and to operate the Debtor's business, under
the terms of this Plan of Reorganization. The Debtor will derive
the funds necessary to fund the Plan as well as ongoing business
operations from health care receivables funded by Medicaid that are
disbursed weekly to the Debtor from three health plans, Keystone,
PA Health and Wellness, and UPMC.
The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of approximately between
$225,000 monthly (less payroll – BHHC's largest expense – other
expenses of operation, taxes and insurance cost).
This Plan of Reorganization proposes to pay creditors of the Debtor
from sale of assets, cash flow from operations, and/or future
income.
Class 3 consists of Unsecured claims of MCA companies, whether
filed as unsecured claims or secured claims. The Class 3 creditors
are impaired by this Plan, both with respect to the amount to be
paid and the timing of payment; the creditors will be paid the full
amount of funds advance less pre-petition payments made by the
Debtor in accordance with the treatment set forth in Article 7,
either within the 36-month period of the Plan, or the date on which
such claims are allowed by a final non appealable order, whichever
is later.
Class 4 consists of Other unsecured claims. The Class 4 creditors
are impaired by this Plan both with respect to the timing of
payment, and potentially with respect to whether or not the claims
will be paid in full, or instead there will not be sufficient funds
in the pool of funds made available for the Class 4 creditors such
that Class 4 creditors will be paid pro rata than the full amount
of their filed claims; Class 4 claims will be paid in accordance
with the treatment set forth in Article 7, or on the date on which
such claims are allowed by a final non-appealable order, whichever
is later.
No payment to be made to Class 5 equity security holders of the
Debtor under this Plan of Reorganization; such equity security
holders will realize their claims by retaining their interest in
the Debtor and the retained net worth of the reorganized Debtor.
The primary means for the Debtor to fund implementation of this
Plan, including both prepetition and post-petition obligations, is
a combination of the health care receivables derived from the
Debtor's ongoing business operations.
The Debtor will make payments under this Plan of Reorganization
over a period of 36 months in amount sufficient to pay all Claims
in Class 1 in full, all Claims in Class 2 (secured bank loans) in
accordance with the original contract terms as modified by
agreement of the Debtor and the Class 2 claimants (which will be
longer than 36 months), all Claims in Class 3 as set forth in
Section 4.01 (Class 3), and all claims in Class 4 pro rata from the
pool of funds in the total amount of $72,000.00, as set forth in
Article I and Section 4.01 (Class 4).
The Debtor may pay any of the payments provided for in this Plan of
Reorganization earlier than required without increasing the overall
amounts to by disbursed to each class of creditors under the Plan.
The final Plan payment is expected to be paid no later than 36
months from the Effective Date of the Plan, estimated to me on or
about May 1, 2029.
A full-text copy of the Plan of Reorganization dated January 29,
2026 is available at https://urlcurt.com/u?l=ziNF8x from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Roger V. Ashodian, Esq.
REGIONAL BANKRUPTCY CENTER OF
SOUTHEASTERN PA, P.C.
101 West Chester Pike, Suite 1A
Havertown, PA 19083
Phone: (610) 446-6800
About Beverley's Home Health Care, LLC
Beverley's Home Health Care, LLC provides non-medical in-home
support services, including bathing, dressing, hygiene care, and
mobility assistance, operating from Philadelphia, Pennsylvania, and
is classified under the home health care services industry.
Beverley's Home Health Care, LLC filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa.
Case No. 25-14401) on October 30, 2025, listing up to $50,000 in
assets and $1 million to $10 million in liabilities. The petition
was signed by Anthony D. Beverley as managing member.
Judge Patricia M Mayer presides over the case.
Roger V. Ashodian, Esq. represents the Debtor as counsel.
BLINK CHARGING: Faces Nasdaq Bid Price Non-Compliance
-----------------------------------------------------
Blink Charging Co. disclosed in a regulatory filing that the
Company received a deficiency letter from the Listing
Qualifications Department of The Nasdaq Stock Market LLC notifying
the Company that, based upon the closing bid price of the Company's
common stock, par value $0.001 per share, for the 30 consecutive
business days prior to January 26, 2026, the Company is not
currently in compliance with the requirement to maintain a minimum
bid price of $1.00 per share for continued listing on The Nasdaq
Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2).
The Notice has no immediate effect on the continued listing status
of the Common Stock on The Nasdaq Capital Market and, therefore,
the Company's listing remains fully effective.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
is provided with a compliance period of 180 calendar days from the
date of the Notice, or until July 27, 2026, to regain compliance
with the Minimum Bid Requirement.
To regain compliance, the closing bid price of the Common Stock
must meet or exceed $1.00 per share for a minimum of ten
consecutive business days prior to July 27, 2026, unless the Nasdaq
staff exercises its discretion to extend this ten-day period
pursuant to Nasdaq Listing Rule 5810(c)(3)(H).
If the Company is not in compliance with the Minimum Bid
Requirement by July 27, 2026, the Company may be afforded a second
180 calendar day compliance period. To qualify for this additional
compliance period, the Company will be required to meet the
continued listing requirement for market value of publicly held
shares and all other initial listing standards for The Nasdaq
Capital Market, with the exception of the Minimum Bid Price
requirement.
The Company will continue to monitor the closing bid prices of its
Common Stock and seek to regain compliance with Nasdaq requirements
within the allotted compliance period. If the Company does not
regain compliance within the allotted compliance period, including
any extensions that may be granted by Nasdaq, Nasdaq will provide
notice that the Common Stock will be subject to delisting. The
Company would then be entitled to appeal that determination to a
Nasdaq hearings panel.
The Company will evaluate available options to regain compliance
with the Minimum Bid Requirement. However, there can be no
assurance that the Company will regain compliance with the Minimum
Bid Requirement during the 180-day compliance period, secure a
second period of 180 days to regain compliance or maintain
compliance with the other Nasdaq listing requirements.
If the Common Stock ceases to be listed for trading on The Nasdaq
Capital Market, the Company expects that the Common Stock would be
quoted on one of the three-tiered marketplaces of the OTC Markets
Group.
About Blink Charging
Blink Charging Co., through its wholly-owned subsidiaries, is an
owner, operator and provider of electric vehicle charging equipment
and networked EV charging services in the rapidly growing U.S. and
international markets for EVs. Blink offers residential and
commercial EV charging equipment and services, enabling EV drivers
to recharge at various location types.
As of June 30, 2025, the Company had $168.42 million in total
assets, $97.67 million in total liabilities, and $70.75 million in
total stockholders' equity.
The Company says it has not yet achieved profitability and expects
to continue to incur cash outflows from operations. Absent a
near-term capital infusion or significant improvement in cash flow
provided by operations, the Company expects that its current cash
and net working capital resources will be insufficient to fund
future operations, and the need for additional funding to support
its planned operations raises substantial doubt regarding the
Company's ability to continue as a going concern within the next 12
months.
BLUE RIBBON: Guggenheim Marks $5.4MM Loan at 35.4% Off
------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $5,457,221
loan extended to Blue Ribbon LLC to market at $3,525,365 or 64.6%
of the outstanding amount, according to Guggenheim's Form N-CSR for
the fiscal year ended November 30, 2025, filed with the U.S.
Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund is a participant in a
Senior Loan extended to Blue Ribbon LLC. The loan accrues interest
at a rate of 10.13% per annum. The loan matures on May 8, 2028.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About BLUE RIBBON LLC
Blue Ribbon, LLC provides alcoholic beverages. The Company serves
customers in the United States.
BOREN INC: Unsecured Creditors to Split $33,270 over 5 Years
------------------------------------------------------------
Boren, Inc. filed with the U.S. Bankruptcy Court for the Middle
District of Tennessee a Plan of Reorganization under Subchapter V
dated January 29, 2026.
The Debtor operates two full-service gyms in the Greater Nashville
area. Its owner is Nelson M. Boren, Sr. and the day-to-day
operations are managed by Boren, Sr.'s son, Nelson "Michael" Boren,
Jr.
The Debtor operates full-service gyms. The Metroplex Location and
the Thompson Lane Location offer classes, personal training, and
sell retail items with a client base of more than 3,176 members.
Members pay bi-weekly dues in typically three different categories:
basic, premier, or VIP and Debtor accepts insurance memberships.
In what is historically the slowest month for fitness centers,
Boren, Sr. began taking out short-term loans from Merchant Cash
Advance lenders ("MCAs") to cover payroll and operating expenses in
December 2024. Although Boren, Sr. thought the MCA loans would help
with cashflow issues, they made the situation worse due to the
substantial weekly auto-debit payments from the Debtor's account
totaling more than $55,000.00 per month.
Finally, one of the Debtor's MCA lenders placed a lien on Debtor's
membership account with ABC Fitness, which caused the account to be
frozen and ultimately led the Debtor to seek bankruptcy relief.
This restructuring marks a significant milestone for Debtor.
Management is committed to making full use of the opportunities
provided under Subchapter V to ensure the continuation of Debtor's
mission to provide gym facilities to clients. They fully intend to
use this process to strengthen operations, restore financial
health, solidify key relationships, and to continue delivering
exceptional service to members.
Class No. 7 shall consist of the allowed unsecured claims not
entitled to priority and not expressly included in the definition
of any other class. This class includes both On Deck Capital LLC
and Headway Capital LLC. Both lenders were scheduled as secured
claimants but filed unsecured claims. The Plan provides a pool of
$33,270.00 to be paid pro-rata to the claimholders in this class.
There shall be five lump-sum payments (for a total disbursement of
$33,270.00) paid prorate to the claimholders in this class as
follows:
* $6,654.00 to be paid on or before the first anniversary of
the Effective Date;
* $6,654.00 to be paid on or before the second anniversary of
the Effective Date;
* $6,654.00 to be paid on or before the third anniversary of
the Effective Date;
* $6,654.00 to be paid on or before the fourth anniversary of
the Effective Date; and
* $6,654.00 to be paid on or before the fifth anniversary of
the Effective Date.
The Debtor shall use proceeds from Business operations to pay all
required payments on the Effective Date and all payments due under
the Plan on an on-going basis.
A full-text copy of the Plan of Reorganization dated January 29,
2026 is available at https://urlcurt.com/u?l=EjmqN6 from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Michelle L. Spezia, Esq.
Jennifer L. Johnson, Esq.
JOHNSON LEGAL, PLLC
302 42nd Avenue North
Nashville, TN 37209
Telephone: (615) 386-0075
Facsimile: (615) 864-8419
E-mail: ecfmail@tennessee-bankruptcy.com
About Boren Inc.
Boren, Inc., doing business as Fitness 1440, operates multi-level
fitness centers in Nashville, Tennessee, offering 24/7 gym access,
swimming pools, saunas, personal training, group fitness classes,
and other wellness amenities. It provides membership services with
access to multiple locations and specialized fitness equipment.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-04621) on October
31, 2025, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Nelson Boren, Jr., regional manager, signed
the petition.
Judge Charles M. Walker presides over the case.
Michelle L. Spezia, Esq., at Johnson Legal, PLLC represents the
Debtor as bankruptcy counsel.
BOSTIC ENTERPRISE: Commences Chapter 11 Bankruptcy in Kentucky
--------------------------------------------------------------
On February 4, 2026, Bostic Enterprise Alliance Inc. filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the Western
District of Kentucky. According to court filings, the Debtor
reports between $100,001 and $1,000,000 in debt owed to 1–49
creditors.
About Bostic Enterprise Alliance Inc.
Bostic Enterprise Alliance Inc. is a Kentucky-based company engaged
in general business operations.
Bostic Enterprise Alliance Inc. sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-30247) on
February 4, 2026. In its petition, the Debtor reports estimated
assets of $100,001–$1,000,000 and estimated liabilities of
$100,001–$1,000,000.
Honorable Bankruptcy Judge Joan A. Lloyd handles the case.
The Debtor is represented by Charity S. Bird, Esq. of Kaplan
Johnson Abate & Bird LLP.
BRANDNER DESIGN: Capital Southwest Marks $140,000 Loan at 29% Off
-----------------------------------------------------------------
Capital Southwest Corporation has marked its $140,000 loan extended
to Brandner Design LLC to market at $99,000 or 71% of the
outstanding amount, according to Capital Southwest's Form 10-Q for
the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a Revolving Loan
extended to Brandner Design LLC. The loan accrues interest at a
rate of 15.99% per annum. The loan matures on April 13, 2029.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company’s common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Brandner Design LLC
Brandner Design LLC is an architectural design and manufacturing
company dealing in patinated metal finishes, carpentry projects,
and furniture. Serving residential and commercial clients across
the country and internationally.
BRANDNER DESIGN: Capital Southwest Marks $300,000 Loan at 24% Off
-----------------------------------------------------------------
Capital Southwest Corporation has marked its $300,000 loan extended
to Brandner Design LLC to market at $229,000 or 76% of the
outstanding amount, according to Capital Southwest's Form 10-Q for
the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a Revolving Loan
extended to Brandner Design LLC. The loan accrues interest at a
rate of 18.00% per annum. The loan matures on April 13, 2029.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Brandner Design LLC
Brandner Design LLC is an architectural design and manufacturing
company dealing in patinated metal finishes, carpentry projects,
and furniture. Serving residential and commercial clients across
the country and internationally.
BRANDNER DESIGN: Capital Southwest Marks $9.1MM 1L Loan at 26% Off
------------------------------------------------------------------
Capital Southwest Corporation has marked its $9,138,000 loan
extended to BRANDNER DESIGN, LLC to market at $6,780,000 or 74.2%
of the outstanding amount, according to Capital Southwest's Form
10-Q for the fiscal year ended December 31, 2025, filed with the
U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien Loan
extended to BRANDNER DESIGN, LLC. The loan accrues interest at a
rate of 15.99% per annum. The loan matures on April 13, 2029.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company’s common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Brandner Design LLC
Brandner Design LLC is an architectural design and manufacturing
company dealing in patinated metal finishes, carpentry projects,
and furniture. Serving residential and commercial clients across
the country and internationally.
BREWTIFUL PROPERTIES: Case Summary & Six Unsecured Creditors
------------------------------------------------------------
Debtor: Brewtiful Properties, LLC
9003 Sawgrass Avenue
Nixa, MO 65714
Business Description: Brewtiful Properties, LLC, a single-asset
real estate company as defined under 11
U.S.C. Section 101(51B), holds fee simple
ownership of two properties in Fremont
Hills, Missouri, at 9001 and 9003 Sawgrass
Avenue, with a combined estimated value of
$3.7 million.
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
Western District of Missouri
Case No.: 26-60083
Judge: Hon. Brian T Fenimore
Debtor's Counsel: Spencer Desai, Esq.
THE DESAI LAW FIRM
13321 North Outer Forty Road
Suite 300
Chesterfield, MO 63017
Tel: 314-666-9781
E-mail: spd@desailawfirmllc.com
Total Assets: $3,700,000
Total Liabilities: $4,884,477
The petition was signed by Christopher Shaffer 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/LQ2Z5RY/Brewtiful_Properties_LLC__mowbke-26-60083__0001.0.pdf?mcid=tGE4TAMA
BRIX CITY BREWING: Seeks Chapter 11 Bankruptcy in New Jersey
------------------------------------------------------------
On February 5, 2026, Brix City Brewing, LLC, filed a voluntary
Chapter 11 bankruptcy petition in the District of New Jersey.
According to court filings, the Debtor reports liabilities between
$1MM and $10MM owed to 1-49 creditors.
About Brix City Brewing, LLC
Brix City Brewing, LLC is a craft brewing company focused on
producing small-batch beers and distributing its products
throughout the regional market.
Brix City Brewing, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-11340) on February 5, 2026. Its
petition reflects estimated assets in the range of
$100,001-$1,000,000 and estimated liabilities of $1MM-$10MM.
Honorable Bankruptcy Judge Vincent F. Papalia oversees the case.
The Debtor is represented by Brian Gregory Hannon, Esq., of the Law
Office of Norgaard O'Boyle.
BRIX CITY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Brix City Brewing, LLC
4 Alsan Way
Little Ferry, NJ 07643
Business Description: Brix City Brewing, LLC, based in
Little Ferry, New Jersey, operates as a craft brewery producing a
variety of beers including IPAs, Pilsners, and barrel-aged stouts.
Founded in 2015, the company originally operated a taproom and
production facility at 4 Alsan Way. It distributes its products
through partnerships and retail channels while the original
location has ceased operating as a brewing site.
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
District of New Jersey
Case No.: 26-11340
Debtor's Counsel: Brian G Hannon, Esq.
NORGAARD OBOYLE HANNON
184 Grand Avenue
Englewood, NJ 07631
Tel: (201) 871-1333
Fax: (201) 871-3161
E-mail: bhannon@norgaardfirm.com
Total Assets: $103,931
Total Liabilities: $1,054,998
The petition was signed by Joseph Delcalzo as managing member.
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/IA5YGVI/Brix_City_Brewing_LLC__njbke-26-11340__0001.0.pdf?mcid=tGE4TAMA
BUDDY MAC: Gets Interim OK to Obtain DIP Financing
--------------------------------------------------
Buddy Mac Holdings, LLC and its affiliates received interim
approval from the U.S. Bankruptcy Court for the Northern District
of Texas, Dallas Division, to obtain post-petition financing to get
through bankruptcy.
The interim order, signed by Judge Michelle Larson, authorized the
Debtors to obtain an initial $750,000 from Phonix RBS, LLC, which
has committed to provide up to $1.5 million in revolving credit
debtor-in-possession financing. It also approved the Debtors'
interim use of cash collateral.
As protection, Phonix RBS will be granted valid, binding,
enforceable, continuing, non-avoidable and perfected security
interests and liens on assets securing the DIP loans and an allowed
superpriority administrative expense claim.
The Debtors must satisfy these conditions on the closing date and
the funding date of the loan: (i) the bankruptcy court must have
entered an order approving the DIP loan agreement on an interim
(and subsequent interim) and, thereafter, final basis; and all
conditions precedent to funding under the DIP financing documents.
Use of Cash Collateral
The interim order also authorized the Debtors to use the cash
collateral of Phonix.
Phonix will be granted replacement liens on and security interests
in certain assets, with the same priority, validity and extent as
its pre-bankruptcy liens.
In case the replacement liens prove inadequate, Phonix will be
granted superpriority administrative expense claims, subject to the
fee carveout.
The interim order is available at https://is.gd/cWz5pk from
PacerMonitor.com.
The cash collateral is primarily held by Phonix, which asserts a
lien on all or substantially all assets of the Debtors, including
BMH RTO, LLC and its subsidiaries.
Under the pre-bankruptcy loan agreement, the current principal
outstanding is $12,620,605.79, along with accrued and unpaid
interest and costs.
Phonix RBS, as DIP lender, is represented by:
David M. Clem, Esq.
Blank Rome, LLP
200 Crescent Court, Suite 1000
Dallas, TX 75201
Telephone: (972) 850-1450
david.clem@blankrome.com
-and-
Michael B. Schaedle, Esq.
Matthew E. Kaslow, Esq.
Jordan L. Williams, Esq.
Blank Rome, LLP
One Logan Square, 130 N. 18th Street
Philadelphia, PA 19103
Telephone: (215) 569-5000
mike.schaedle@blankrome.com
matt.kaslow@blankrome.com
jordan.williams@blankrome.com
About Buddy Mac Holdings LLC
Buddy Mac Holdings, LLC, together with its affiliates, operates a
rent-to-own retail business selling home furnishings, electronics,
and appliances, allowing customers to make periodic payments with
the option to complete purchase or return the product at any time.
The company began its rent-to-own operations in 2014 as a
franchisee of Buddy's Home Furnishings and has expanded to operate
47 store locations across Arkansas, Florida, Illinois, Kansas,
Missouri, New Mexico, Oklahoma, and Texas. It offers products under
franchise agreements, with typical customer contracts spanning 12
to 18 months.
Buddy Mac Holdings and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case
No. 25-34839) on December 4, 2025. In the petition signed by
William Ian MacDonald, manager, Buddy Mac Holdings disclosed up to
$50 million in both assets and liabilities.
John J. Kane, Esq., at Kane Russell Coleman Logan PC, represents
the Debtors as legal counsel.
BURMAN'S TREE: Commences Chapter 11 Bankruptcy in Michigan
----------------------------------------------------------
On February 2, 2026, Burman's Tree Services, LLC filed for Chapter
11 protection in the U.S. Bankruptcy Court for the Eastern District
of Michigan. According to court filings, the debtor reports
liabilities ranging between $1 million and $10 million owed to 1 to
49 creditors.
About Burman's Tree Services, LLC
Burman's Tree Services, LLC provides tree care and related
services, including tree removal, trimming, stump grinding, land
clearing, arborist consultations, and emergency tree response,
serving residential and commercial customers. Established in 2016,
the Company operates a 24-hour emergency response team and focuses
on storm-related and hazardous tree clearing. Burman's Tree
Services operates primarily in Southeast Michigan, including
Jackson, Vandercook Lake, Spring Arbor, and Michigan Center.
Burman's Tree Services, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-41101) on February 2,
2026. In its petition, the debtor lists estimated assets and
liabilities each in the range of $1 million to $10 million.
The case is assigned to Honorable Bankruptcy Judge Lisa S.
Gretchko.
The debtor is represented by Donald C. Darnell, Esq.
CANO HEALTH: CEO Accused of Deceiving Investor in $30MM Share Deal
------------------------------------------------------------------
Carolina Bolado of Law360 Bankruptcy Authority reports that the
former chief operating officer of Cano Health Inc. has sued former
CEO Marlow Hernandez in Florida state court, claiming he was misled
into acquiring $30 million in company shares under false
pretenses.
The lawsuit alleges that Hernandez encouraged the investment
despite purportedly being aware of internal financial problems that
were not shared with the plaintiff at the time of the purchase. The
former COO contends that critical information was withheld,
according to report.
As a result, the plaintiff claims he suffered significant financial
harm and is asking the court to award damages stemming from the
allegedly misleading stock transaction, Law360 reports.
About Cano Health Inc.
Cano Health, Inc. and its affiliates are independent primary care
physician group.
The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 24-10164) on February 4, 2024.
In the petitions signed by Mark Kent, authorized signatory, the
Debtors disclosed $1,211,931,000 in assets and $1,471,032,000 in
liabilities.
Judge Karen B. Owens oversees the cases.
The Debtors tapped Richards, Layton & Finger, PA and Weil, Gotshal
& Manges, LLP as bankruptcy counsels; Quinn Emanuel Urquhart &
Sullivan, LLP as special counsel; Houlihan Lokey, Inc. as
investment banker; and AlixPartners, LLP as financial advisor.
Kurtzman Carson Consultants, LLC is the claims, notice and
solicitation agent.
Gibson, Dunn & Crutcher, LLP and Pachulski, Stang, Ziehl & Jones,
LLP represent the ad hoc first lien group while ArentFox Schiff,
LLP represents Wilmington Savings Fund Society, FSB, the DIP
agent.
Credit Suisse AG, Cayman Islands Branch, serves as administrative
agent and collateral agent, under the Credit Agreement. Freshfields
Bruckhaus Deringer US, LLP is counsel to the agent.
JPMorgan Chase Bank, N.A., serves as administrative agent and
collateral agent under the Side-Car Credit Agreement. It is
represented by Proskauer Rose, LLP.
Daniel McMurray was appointed as the patient care ombudsman in
these Chapter 11 cases. He tapped Neubert Pepe & Monteith PC and
Klehr Harrison Harvey Branzburg, LLP as his counsel.
CARR'S PLUMBING: Commences Chapter 11 Bankruptcy in Kansas
----------------------------------------------------------
On February 4, 2026, Carr's Plumbing and Maintenance LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of Kansas. According to court filings, the Debtor reports between
$1 million and $10 million in debt owed to between 1 and 49
creditors.
About Carr's Plumbing and Maintenance LLC
Carr's Plumbing and Maintenance LLC is a Kansas-based limited
liability company. Carr’s Plumbing and Maintenance LLC sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case
No. 26-10101) on February 4, 2026. In its petition, the Debtor
reports estimated assets in the range of $1 million to $10 million
and estimated liabilities between $1 million and $10 million.
Honorable Mitchell L. Herren, U.S. Bankruptcy Judge, handles the
case.
The Debtor is represented by Justin T. Balbierz, Esq., of Mark J.
Lazzo PA.
CBM ENTERPRISES: Seeks Chapter 11 Bankruptcy in Texas
-----------------------------------------------------
On February 3, 2026, CBM Enterprises LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.
About CBM Enterprises LLC
CBM Enterprises LLC is a Texas-based limited liability company.
The company sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. Case No. 26-50040) on February 3, 2026. In its
petition, the Debtor reported estimated assets in the range of $1
million to $10 million and estimated liabilities between $100,001
and $1,000,000.
The case is assigned to the Honorable Brad W. Odell, U.S.
Bankruptcy Judge.
The Debtor is represented by Robert Bynum Wilson, I, Esq., of the
Law Office of Robert B. Wilson.
CDF INC: Unsecured Creditors to Get 100 Cents on Dollar in Plan
---------------------------------------------------------------
CDF, Inc. filed with the U.S. Bankruptcy Court for the Southern
District of Alabama a First Amended Plan of Reorganization under
Subchapter V dated January 29, 2026.
The Debtor is an Oklahoma corporation that owns, operates and
manages two residential properties. The Debtor was formed as a real
estate holding company by Chris D. Farley on November 23, 1994. The
sole shareholder and president of the Debtor is Sandra Farley.
The Debtor has recently been embroiled in litigation with Carl
Parson, a creditor of the Debtor and a creditor of Don Farley who
is the husband of Sandra Farley. Parson obtained several judgments
against the Debtor in Oklahoma. Immediately prior to the petition
date Parson domesticated his Oklahoma judgments in Alabama and
attempted to execute upon the corporate office of the Debtor. In
order to address the judgment debts to Parson and its mounting
legal fees the Debtor was forced to file its voluntary petition
under Chapter 11 of the Bankruptcy Code.
The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of approximately $5,816.50
per month. The final Plan payment is expected to be paid on the
fifth anniversary of the Effective Date of the Plan.
The Debtor’s projected disposable income is comprised of the
monthly payments on the promissory note. Because Debtor’s total
disposable income is based on monthly payments, it proposes to make
monthly payments of $3,271.07 to the unsecured class for a period
of 60 months and then payments of $5,821.50 for a remaining 35
months to pay the unsecured creditor class in full.
This Plan of Reorganization proposes to pay creditors of his
creditors from future income.
Non-priority unsecured creditors holding allowed claims will
receive distributions which the proponent of this Plan has valued
at approximately 100 cents ($1.00) on the dollar making this Plan a
100% payout to unsecured creditors. This Plan also provides for the
payment of administrative and priority claims.
Class 3 consists of Non-priority unsecured creditors. The allowed
claims of unsecured creditors are Impaired. The Debtor shall pay
$3,271.07 per month for sixty consecutive months to the unsecured
class. The first such payment shall be due on the Effective Date of
the Plan. The last such payment shall be due on the fifth
anniversary of the Effective Date of the Plan. During this
sixty-month period creditors holding an allowed unsecured claim
shall receive such creditor's pro rata share of $3,271.07 per month
for sixty months.
Beginning on the sixty-first month, and after the secured claim of
Carl Parson as treated in Class 2 is paid in full, the Debtor shall
pay $5,821.50 per month for a further thirty-five consecutive
months to the unsecured class. During this 35-month period
creditors holding an allowed unsecured claim shall receive such
creditor's pro rata share of $5,821.50 per month for thirty-five
months which will result in the creditors of the unsecured class
receiving full payment of their unsecured claims.
The unsecured creditor class comprises claims amounting to a total
of $399,220.20. As set forth herein a liquidation of the Debtor's
assets would only be expected to generate approximately $102,594.50
for the general unsecured creditor class. The Debtor's First
Amended Plan of Reorganization proposes to pay the general
unsecured class in full with a payout of $399,220.20. As such the
unsecured class will receive greater benefit under the Debtor's
First Amended Plan of Reorganization than they would under a
liquidation.
Except as set forth explicitly in this Plan, the Debtor shall
retain all property of the estate, and such property shall revest
in the Debtor upon confirmation of the Plan.
The Debtor will continue to receive and deposit the monthly
payments owed to the Debtor under the promissory note with Toliver
Enterprises, Inc. In the event of any default in payment of said
promissory note the Debtor will undertake all necessary measures to
enforce the promissory note and collect from Toliver Enterprises,
Inc. the necessary funds to implement the Plan. This income shall
be used to pay the secured and priority claims as well as the net
disposable income of $3,271.07 per month for sixty consecutive
months and then $5,821.50 for a further thirty-five consecutive
months to the unsecured class.
A full-text copy of the First Amended Plan dated January 29, 2026
is available at https://urlcurt.com/u?l=MLX38A from
PacerMonitor.com at no charge.
Counsel to the Debtor:
J. Willis Garrett, Esq.
Galloway, Wettermark & Rutens, LLP
3263 Cottage Hill Road
Post Office Box 16629
Mobile, AL 36616-0629
Tel: (251) 476-4493
About CDF Inc.
CDF Inc. owns two properties: one located at 208 E. 46th Street,
Tulsa, OK 74105, and the other at 4227 Woodglen Trace, Orange
Beach, AL 36561. The combined value of these properties is
$480,000.
CDF Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. Ala. Case No. 25-10197) on January 24, 2025. In its
petition, the Debtor reports total assets of $974,177 and total
liabilities of $2,297,454.
Bankruptcy Judge Jerry C. Oldshue handles the case.
J. Willis Garrett, III, at Galloway, Wettermark & Rutens, LLP,
serves as the Debtor's counsel.
CEDAR HAVEN: Hearing on Bid to Appoint Trustee Set for Feb. 18
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
is set to hold a hearing on February 18 to consider the motion by
the U.S. Trustee for 3 and 9 to appoint a Chapter 11 trustee for
Cedar Haven Acquisition, LLC.
U.S. Trustee Andrew Vara sought an independent trustee to manage
the company's bankruptcy affairs, arguing the court-appointed
receiver lacks authority to act for the company after it entered
bankruptcy.
The Lebanon County Court of Common Pleas placed the company under
receivership last year, appointing Michael Flanagan as receiver
after its landlord, 590 South 5th Avenue, LLC, initiated the
proceeding over unpaid rent.
The U.S. Trustee said the receiver is enjoined by the Court of
Common Pleas from managing the company's affairs without further
approval from that court or the bankruptcy court.
"To ensure continued operation of [Cedar's] facility and proper
care of the patients that reside there, the court should direct the
appointment of a Chapter 11 trustee to manage [Cedar's] affairs,"
the U.S. Trustee said.
The bankruptcy watchdog said the company's prior management appears
unwilling to handle its affairs and warned that dismissing or
converting the case to Chapter 7 could force the facility to
close.
Cedar operates a skilled nursing facility in Lebanon County, Pa.,
which housed more than 350 residents as of the petition date.
A copy of the motion is available for free at
https://urlcurt.com/u?l=1ePAb7 from PacerMonitor.com.
About Cedar Haven Acquisition LLC
Cedar Haven Acquisition, LLC, doing business as 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 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 reported between $1 million and
$10 million in both assets and liabilities.
Judge Henry W. Van Eck handles the case.
The Debtor is represented by Robert E. Chernicoff, Esq., at
Cunningham, Chernicoff & Warshawsky, PC.
The U.S. Trustee for Regions 3 and 9 appointed Margaret Barajas as
patient care ombudsman for the Debtor.
CELSIUS NETWORK: Court Stays Case Against Jeremie Beaudry
---------------------------------------------------------
Judge Jennifer L. Rochon of the U.S. District Court for the
Southern District of New York stayed the case captioned as SAMUEL
TAYLOR GOINES, et al., Plaintiffs, -against- CELSIUS NETWORK, LLC,
et al., Defendants, Case 1:25-cv-10796-JLR (S.D.N.Y.) as to
Defendant Jeremie Beaudry.
The Court has been advised that Defendant Jeremie Beaudry has filed
for Chapter 11 bankruptcy in the United States Bankruptcy Court for
the Northern District of Georgia.
The case is stayed pending the conclusion of Mr. Beaudry's
bankruptcy matter.
A copy of the Court's Order dated January 30, 2026, is available at
https://urlcurt.com/u?l=zf8v5a from PacerMonitor.com.
About Celsius Network
Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.
Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.
The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).
Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks. But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.
New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.
The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.
Celsius Network, LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case
No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex
Mashinsky, the Debtors estimated assets and liabilities between $1
billion and $10 billion.
The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as
special counsel; Centerview Partners, LLC as investment banker; and
Alvarez & Marsal North America, LLC as financial advisor. Stretto
is the claims agent and administrative advisor.
On July 27, 2022, the U.S. Trustee appointed an official committee
of unsecured creditors. The committee tapped White & Case, LLP as
its bankruptcy counsel; Elementus Inc. as its blockchain forensics
advisor; M3 Advisory Partners, LP as its financial advisor; and
Perella Weinberg Partners, LP as its investment banker.
Shoba Pillay, Esq., is the examiner appointed in the Debtors'
Chapter 11 cases. Jenner & Block, LLP and Huron Consulting
Services, LLC, serve as the examiner's legal counsel and financial
advisor, respectively.
* * *
On November 9, 2023, the Bankruptcy Court entered the Findings of
Fact, Conclusions of Law, and Order Confirming the Modified Joint
Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates.
The Effective Date of the Plan occurred January 31, 2024.
CLOUDFARM INC: Commences Chapter 7 Bankruptcy in Vermont
--------------------------------------------------------
On February 03, 2026, Cloudfarm Inc. filed for Chapter 7 bankruptcy
protection in the U.S. Bankruptcy Court for the District of
Vermont. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to 1–49 creditors.
About Cloudfarm Inc.
Founded as a Vermont corporation, Cloudfarm Inc. provides
cloud-focused technology services and related business solutions.
Cloudfarm Inc. sought relief under Chapter 7 of the U.S. Bankruptcy
Code (Bankr. Case No. 26-10022) on February 03, 2026. In its
petition, the Debtor reports estimated assets of $100,001 to
$1,000,000 and estimated liabilities in the same range.
The Honorable Heather Z. Cooper handles the case.
The Debtor is represented by Michael Bryan Fisher, Esq., of Fisher
Law Offices, PLLC.
COAST GLOBAL: Seeks Chapter 11 Bankruptcy in New Jersey
-------------------------------------------------------
On February 5, 2026, Coast Global Corporation filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the Debtor reports between $1
million and $10 million in debt, owed to 1–49 creditors.
About Coast Global Corporation
Coast Global Corporation is a veteran and minority owned full
service company that provides Intermodal Trucking and Drayage,
Distribution, providing FDA Approved Bonded Warehousing and
Realtime Inventory Control Management
Coast Global Corporation sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-11322) on February 5, 2026. In
its petition, the Debtor reports estimated assets of $0–$100,000
and estimated liabilities of $1 million–$10 million.
Honorable Bankruptcy Judge Jerrold N. Poslusny Jr. handles the
case.
The Debtor is represented by Robert H. Johnson, Esq. of Robert H.
Johnson, LLC.
CONAIR HOLDINGS: Guggenheim Marks $1.3MM Loan at 51% Off
--------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $1,324,857
loan extended to Conair Holdings LLC to market at $652,492 or 49.2%
of the outstanding amount, according to Guggenheim's Form N-CSR for
the fiscal year ended November 30, 2025, filed with the U.S.
Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund is a participant in a
Senior Loan extended to Conair Holdings LLC. The loan accrues
interest at a rate of 7.78% per annum. The loan matures on May 17,
2028.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About Conair Holdings LLC
Conair Holdings LLC operates as a holding company. The Company,
through its subsidiaries, provides personal care products such as
hair dryers, air brushes, flat irons, hot rollers, wavers, facial
rollers and trimmer, eye masks, mask applicators, shaver, wand
massager, and other beauty products with delivery services.
COOPER-STANDARD AUTOMOTIVE: Moody's Ups CFR to B3, Outlook Stable
-----------------------------------------------------------------
Moody's Ratings upgraded Cooper-Standard Automotive Inc.'s
(Cooper-Standard) corporate family rating to B3 from Caa1 and the
probability of default rating to B3-PD from Caa1-PD. At the same
time, Moody's upgraded the senior secured first lien notes to B1
from B2, the senior secured third lien notes to Caa1 from Caa2 and
the senior unsecured notes to Caa2 from Caa3. The outlook was
changed to stable from positive. The Speculative Grade Liquidity
Rating was unchanged at SGL-3.
The upgrades reflect Moody's expectations for a continued rebound
in earnings since 2022, driven by sustainable price adjustments,
higher margin new and replacement business launches and incremental
savings from lean initiatives in manufacturing and purchasing. In
addition, savings from footprint and cost base rightsizing and the
roll-off of lower margin revenues will also contribute to margin
improvement into 2027. The upgrades also anticipate Cooper-Standard
addressing a refinancing of the first lien notes and the third lien
notes prior to both notes becoming current obligations in March and
May of this year, respectively.
The governance score was changed to G-4 from G-5 to reflect a
meaningful decrease in financial leverage over the past two years
which has better positioned the company to refinance the currently
burdensome debt capital structure. With the improvement in the
governance score, Moody's also changed Cooper-Standard's Credit
Impact Score to CIS-4 from CIS-5.
RATINGS RATIONALE
Cooper-Standard maintains solid market positions in sealing
systems, fuel and brake delivery systems and fluid transfer systems
where demand fundamentals are largely drivetrain agnostic. A
product mix skewed toward SUVs/CUVs and light trucks, including
content on top selling vehicle platforms, helps mitigate the
competitive, highly fragmented nature in its core end markets.
Moody's expects the company to outpace overall market growth over
the next several years, supported by new business awards, favorable
mix on top selling vehicle platforms and growing market share with
Chinese automakers.
For 2026, Moody's expects an EBIT margin over 5% and debt-to-EBITDA
in the mid-4x range. Moody's anticipates margin expansion even in a
flat-to-modestly lower light vehicle production environment.
However, if production volumes fall sharply lower than currently
projected levels, potentially as a result of ongoing tariff
implications and rising vehicle affordability concerns, margin
growth will be more challenging. Free cash flow should be solidly
positive for the fourth consecutive year despite expectations for
higher cash taxes and increased investment in working capital and
capital expenditures.
The stable outlook reflects Moody's expectations that higher margin
business launches replacing lower return programs, combined with
heightened focus on continuous improvement, will strengthen
operating results even with the potential for flat light vehicle
production in 2026.
Cooper-Standard's SGL-3 Speculative Grade Liquidity Rating reflects
Moody's expectations that the company will maintain adequate
liquidity, supported by a cash balance of at least $150 million and
solidly positive free cash flow. The undrawn $180 million
asset-based lending facility (ABL) had availability of
approximately $166 million at September 30, 2025 based on the
borrowing base less posted letters of credit. Moody's notes that
the SGL-3 would be negatively impacted in the event the first lien
and third lien notes are not refinanced prior to becoming current
obligations.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be upgraded with an EBIT margin remaining above
5%, debt-to-EBITDA maintained below 4.5x and EBITDA-to-interest in
excess of 3.5x. Increasing free cash flow would also be important
for an upgrade.
The ratings could be downgraded due to significant margin erosion,
free cash flow falling back towards breakeven or debt-to-EBITDA
moving back above 6x. Deteriorating liquidity could also lead to a
rating downgrade. The inability to refinance the existing first
lien and third lien notes prior to these instruments becoming
current obligations in March and May, respectively, could also
result in a negative rating action.
The principal methodology used in these ratings was Automotive
Suppliers published in November 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.
Cooper-Standard Automotive Inc. is a global automotive supplier of
sealing and trim, fuel and brake delivery systems and fluid
transfer systems. Revenue for the twelve months ended September 30,
2025 was approximately $2.7 billion.
COUNTRY WILLOW: Seeks Chapter 7 Bankruptcy in New York
------------------------------------------------------
Ray Allegrezza of Furniture Today reports that Willow Furniture
operator Country Willow has commenced Chapter 7 liquidation
proceedings in the Southern District of New York, according to
court filings. The bankruptcy case was filed Feb. 2 and is
proceeding under Case No. 26-22112.
The matter is before Judge Sean H. Lane. While a trustee had not
yet been named at press time, industry sources said the retailer
has been in discussions with liquidation and promotional firms,
including Planned Furniture Promotions and Lynch Sales Company,
according to report.
In its petition, Country Willow disclosed assets estimated at $1
million to $10 million and liabilities in the range of $10 million
to $50 million. The filing identifies between 50 and 99 creditors,
with further financial disclosures expected as the case
progresses.
The filing identified the following furniture companies as
creditors:
* American Leather - $34,302.95
* Rowe - $34,305.92
* Wesley Hall - $20,878.00
* Pitbull Tech Solutions - $19,128.86
* Bernhardt Furniture - $6,830.00
* Serta Simmons Bedding - $6,007.00
* Bassett Furniture - $5,506.50
* Four Hands - $4,786.71
* Furniture First - $4,347.00
* Capel Incorporated - $3,816.28
* AC Design - $3,325.00
* Consolidated Furniture - $3,194.20
* Kravet - $2,417.65
* Lancaster Iron & Wood - $1,729.00
* Whitewood Industries - $1,650.00
* Serta Simmons Bedding (second account) - $1,522.00
* Wendover Art Group - $1,429.00
* Kingsley-Bate - $366.63
* Eagle Business - $310.12
* Dispatch - $216.75
About Country Willow
Country Willow, operating under Willow Furniture, is a home
furnishings retailer and design center based in New York.
Country Willow sought relief under Chapter 7 of the U.S. Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 26-22112) on February 2, 2026.
Honorable Bankruptcy Judge Sean H. Lane handles the case.
The Debtor is represented by Jeffrey A. Reich, Esq. of Reich Reich
& Reich, P.C.
CSC HOLDINGS: Guggenheim Marks $1.9MM Corporate Bond at 64% Off
---------------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $1,913,000
Corporate Bond issued by CSC Holdings LLC to market at $683,206 or
36% of the outstanding amount, according to Guggenheim's Form N-CSR
for the fiscal year ended November 30, 2025, filed with the U.S.
Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund owns a Corporate Bond
issued by CSC Holdings LLC. The Corporate Bond accrues interest at
a rate of 4.63% per annum. The Corporate Bond matures on December
1, 2030.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fun's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About CSC Holdings LLC
CSC Holdings, LLC, doing business as Optimum-Cablevision, provides
cable and telecommunications services. The Company offers Internet,
WiFi hotspots, router, TV application, cable boxes, and mobile
data. Optimum-Cablevision serves customers in the United States.
CSC HOLDINGS: Guggenheim Marks $2.7MM Bond at 22% Off
-----------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $2,750,000
Corporate Bond issued by CSC Holdings to market at $2,133,122 or
78% of the outstanding amount, according to Guggenheim's Form N-CSR
for the fiscal year ended November 30, 2025, filed with the U.S.
Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund owns a Corporate Bond
issued by CSC Holdings. The Corporate Bond accrues interest at a
rate of 11.25% per annum. The Corporate Bond matures on May 15,
2028.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About CSC Holdings
CSC Holdings is a high-yield cable and broadband service provider
whose capital structure includes deeply discounted long-dated
unsecured notes reflecting elevated credit and refinancing risk.
CTL-AEROSPACE INC: Seeks to Hire PW Partners LLC as Accountant
--------------------------------------------------------------
CTL-Aerospace Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Ohio to hire PW Partners, LLC as
accountant.
The firm's services include the Debtor's annual reporting
obligation under the Employee Retirement Income Security Act of
1974, including compliance with the Delinquent Filer Voluntary
Compliance Process for the 2024 audit.
The firm will receive a flat fee of $9,500 per yearly audit.
Sean Pierce, CPA, a partner at PW Partners, LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Sean Pierce, CPA
PW Partners, LLC
1 Easton Oval, Suite 310
Columbus, OH 43219
Tel: (614) 475-7560
Email: clientrelations@ohio-cpas.com
About CTL-Aerospace Inc.
CTL-Aerospace, Inc. is a family-owned composites manufacturer based
in West Chester, Ohio, specializing in advanced fiber-reinforced
polymer structures and component repair and overhaul. Founded in
1946, the Company operates as a full-service NADCAP- and
AS9100D-certified facility supplying the U.S. government and major
aerospace firms. Its products serve aerospace and industrial
markets, leveraging its location in the Cincinnati aerospace
corridor for cost and supply chain advantages.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-12226) on September
8, 2025. In the petition signed by Scott Crislip, president and
COO, the Debtor disclosed up to $50 million in both assets and
liabilities.
Judge Beth A. Buchanan oversees the case.
Patricia Friesinger, Esq., at Coolidge Wall Co., L.P.A., represents
the Debtor as legal counsel.
DKOF VI Trading Subsidiary LP, as DIP lender, is represented by
Cozen O'Connor.
CTL-AEROSPACE INC: Seeks to Hire RSM US LLP as Accountant
---------------------------------------------------------
CTL-Aerospace Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Ohio to hire RSM US LLP as
accountant.
The firm's services include the preparation of the federal, state
local tax returns, the completion of a Research and Development
study and tax consulting.
The firm's hourly rates are:
Associate $205
Senior Associate $290
Supervisor $310
Senior Manager $557.50
Partner $785
Justin Stallard, CPA, a partner at RSM US LLP and RSM Canada 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:
Justin Stallard, CPA
RSM US LLP
27 Public Square, Ste. 2300
Cleveland, OH 44114
Tel: (216) 523-1900
About CTL-Aerospace Inc.
CTL-Aerospace, Inc. is a family-owned composites manufacturer based
in West Chester, Ohio, specializing in advanced fiber-reinforced
polymer structures and component repair and overhaul. Founded in
1946, the Company operates as a full-service NADCAP- and
AS9100D-certified facility supplying the U.S. government and major
aerospace firms. Its products serve aerospace and industrial
markets, leveraging its location in the Cincinnati aerospace
corridor for cost and supply chain advantages.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-12226) on September
8, 2025. In the petition signed by Scott Crislip, president and
COO, the Debtor disclosed up to $50 million in both assets and
liabilities.
Judge Beth A. Buchanan oversees the case.
Patricia Friesinger, Esq., at Coolidge Wall Co., L.P.A., represents
the Debtor as legal counsel.
DKOF VI Trading Subsidiary LP, as DIP lender, is represented by
Cozen O'Connor.
DEL MONTE: Court Okays Chapter 11 Creditor Settlement, Sales
------------------------------------------------------------
Vince Sullivan of Law360 reports that on Friday, February 6, 2026,
a New Jersey bankruptcy judge approved a proposed settlement among
creditors in the Chapter 11 case of canned food producer Del Monte,
concluding that the deal was inseparable from a broader slate of
restructuring transactions. The court said the settlement
functioned as a linchpin for other negotiated components of the
case.
The judge found that the agreement helped resolve contested issues
that could otherwise derail progress and noted that the settlement
was negotiated alongside related transactions involving key
creditor constituencies. Rejecting it, the court warned, would risk
unraveling the restructuring framework, according to report.
The approval clears a path for Del Monte to continue advancing its
Chapter 11 case while limiting further litigation among
stakeholders, the report cites.
About Del Monte Foods Corporation II Inc.
Del Monte Foods, Inc. produces, distributes, and markets branded
plant-based packaged food products in the United States and
Mexico.
Del Monte Foods Corporation II Inc. and its affiliates filed their
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025,
listing $1,000,000,001 to $10 billion in both assets and
liabilities.
Judge Michael B Kaplan presides over the case.
Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor
as counsel.
The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Chapter 11 cases
of Del Monte Foods Corporation II, Inc. and its affiliates. The
committee hires Morrison & Foerster LLP as counsel. Province, LLC
as financial advisor. Kelley Drye & Warren LLP as co-counsel.
Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment
banker.
DIOCESE OF BUFFALO: Abuse Settlement Hits $315MM in Ch. 11 Case
---------------------------------------------------------------
Rae Ann Varona of Law360 Bankruptcy Authority reports that the
Roman Catholic Diocese of Buffalo is making significant progress
toward resolving approximately 900 claims of child sexual abuse in
its Chapter 11 bankruptcy case, with the total financial
settlement now approaching $315 million, counsel for the
unsecured creditors committee said Thursday, February 5, 2026. The
announcement underscores ongoing negotiations among the diocese,
survivors and insurers over how to fund and structure compensation
for those harmed.
More than five years after the diocese filed for bankruptcy in 2020
to deal with mounting abuse claims, parties have reached a series
of settlement agreements, including contributions from the diocese
itself, its parishes and multiple insurance carriers. A substantial
portion of the projected $315 million figure is expected to come
from insurance proceeds, which have grown as carriers reach
agreements with the creditors' committee, the report states.
The progress reflects nearly a decade of legal and mediation
efforts aimed at compensating survivors of abuse by clergy and
other church leaders. While parties continue negotiating with
remaining insurers and await court approvals, the nearing
settlement represents a potentially pivotal step toward concluding
one of the most complex Catholic bankruptcy cases in the U.S. on
both financial and emotional fronts, according to report.
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.
DRIFTWOOD YOGA: Taps Hamilton Stephens Steele as Bankruptcy Counsel
-------------------------------------------------------------------
Driftwood Yoga, Spa & Boutique, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to hire
Hamilton Stephens Steele + Martin, PLLC as bankruptcy counsel.
The firm will render these services:
(a) provide legal advice with respect to the powers and duties
as debtor-in-possession in the continued operation of its business
and management of its properties;
(b) negotiate, prepare, and pursue confirmation of a chapter
11 plan and approval of a disclosure statement (if applicable), and
all related reorganization agreements and/or documents;
(c) prepare on behalf of the Debtor necessary applications,
motions, answers, orders, reports, and other legal papers;
(d) appear in Court to protect the interests of the Debtor
before the Court; and
(e) perform all other legal services for the Debtor which may
be necessary and proper in these chapter 11 proceedings.
The firm's current standard rates are:
Matthew A. Winer $465 per hour
Kristin K. Bednarek $310 per hour
Robert A. Cox, Jr. $645 per hour
Robin Kelley (paralegal) $195 per hour
Matthew A. Winer, Esq., a partner at Hamilton, disclosed in a court
filing that her firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.
Hamilton can be reached through:
Matthew A. Winer, Esq.
HAMILTON STEPHENS STEELE + MARTIN, PLLC
525 North Tryon Street, Suite 1400
Charlotte, NC 28202
Tel: (704) 344-1117
Email: mwiner@lawhssm.com
About Driftwood Yoga, Spa & Boutique, Inc.
Driftwood Yoga, Spa & Boutique, Inc. operates a wellness studio in
Denver, North Carolina, providing spa treatments, yoga classes, and
related boutique products.
Driftwood Yoga, Spa & Boutique, Inc. filed its voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C.
Case No. 26-40021) on January 29, 2026, listing $50,000 to $100,000
in assets and $1 million to $10 million in liabilities.
The petition was signed by Jacqueline Regalado as president.
Judge Ashley Austin Edwards presides over the case.
Matthew A. Winer, Esq. at HAMILTON STEPHENS STEELE + MARIN, PLLC
serves as the Debtor's counsel.
DYNACQ HEALTHCARE: Seeks to Hire Ordinary Course Professionals
--------------------------------------------------------------
Dynacq Healthcare, Inc. and affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to retain
non-bankruptcy professionals in the ordinary course of business.
The Debtors need ordinary course professionals to perform services
for matters unrelated to these Chapter 11 cases.
The Debtors seek to pay OCPs 100 percent of the fees and expenses
incurred.
The Debtors do not believe that any of the OCPs have an interest
materially adverse to them, their estates, creditors, or other
parties in interest in connection with the matter upon which they
are to be engaged.
The OCPs include:
Crowe LLP
9 Greenway Plaza, Suite 2100,
Houston, TX 77046
Tax Preparation
David F. Bragg, P.C.
75 Loop 150 W, Suite F
Bastrop, TX 78602
Stop-Loss Insurance Litigation
Stanley Law
815 St. Charles Street, Suite 200,
Houston, TX 77003
Outside legal counsel for litigation pending in state court
Precision Laboratories
3300 Nacogdoches Rd, Ste 110,
San Antonio, TX 78217
Medical Directorship of Lab
About Dynacq Healthcare, Inc.
Dynacq Healthcare, Inc. and its affiliates own and operate a
general acute care hospital in Pasadena, Texas, that focuses on
specialized surgical services and maintains eight operating rooms
along with 37 hospital beds.
Dynacq Healthcare, Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 25-90798) on December 8, 2025, listing $10 million to $50
million in assets and $10 million to $50 million in liabilities.
The petitions were signed by Eric Chan as authorized signatory.
Dominique Ashley Douglas, Esq. at Dykema Gossett serves as the
Debtor's counsel.
EAST MOUNTAIN HIGH SCHOOL: S&P Assigns 'BB-' ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating (ICR) to
East Mountain High School (EMHS), N.M.
The outlook is stable.
S&P analyzed the school's environmental, social, and governance
factors and consider them neutral in our credit rating analysis.
The stable outlook reflects S&P Global Ratings' opinion that EMHS
will strengthen its enterprise profile by adding sixth grade in
fall 2026 and expanding overall enrollment, although fiscal 2027 is
expected to be a year of modest financial results and lead to a
potential draw on liquidity given the additional operational needs.
The stable outlook also reflects its expectation that EMHS will
begin its construction of the middle school building and make
progress toward opening by fall 2027.
S&P could consider a negative rating action if EMHS fails to enroll
sufficient students to maintain financial solvency, if construction
delays or cost overruns pressure financial conditions, or if
liquidity declines significantly.
S&P could consider a positive rating action should EMHS execute its
expansion plans successfully, improve MADS coverage to above 1.0x,
and maintain strong DCOH.
EDGE ADHESIVES: Gladstone Virtually Writes Off $9.2MM 1L Loan
-------------------------------------------------------------
Gladstone Investment Corporation has marked its $9,210,000 loan
extended to Edge Adhesives Holdings, Inc. to market at $703,000 or
8% of the outstanding amount, according to Gladstone's Form 10-Q
for the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Gladstone Investment Corporation is a participant in a Senior Loan
extended to Edge Adhesives Holdings, Inc. The loan accrues interest
at a rate of 9.2% per annum. The loan matures on August 2026.
Gladstone Investment Corporation was incorporated under the General
Corporation Law of the State of Delaware on February 18, 2005, and
completed an initial public offering on June 22, 2005. The company
is an externally managed, closed-end, non-diversified management
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940.
The Company is led by Taylor Ritchie as Chief Financial Officer and
Treasurer (principal financial and accounting officer).
The Company can be reached at:
Taylor Ritchie
Gladstone Investment Corporation
1521 Westbranch Drive, Suite 100
McLean, VA 22102
Telephone: (703) 287-5800
About Edge Adhesives Holdings, Inc.
Edge Adhesives is a leading manufacturer of rubber-based adhesive
and sealing products with extensive capabilities in butyl
technologies.
EDGE DOCUMENT: Seeks to Hire indinero Inc as Accountant
-------------------------------------------------------
Edge Document Solutions, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Indiana to employ
indinero, Inc., a licensed CPA.
The firm's services include:
(a) preparation of the Debtor's 2025 and 2026 Federal and State
Tax Returns, along with any necessary Form 1099 and Form 1065, and
Indiana BPPT; and
(b) EIN cancellation letter to IRS and articles of dissolution
with Indiana Secretary of State.
indinero will be paid a flat rate of $4,860 to prepare the 2025 tax
returns and a flat rate of $2,700 to prepare short-year 2026 tax
returns plus dissolution papers.
As disclosed in the court filings, Indinero is a disinterested
party and does not have an adverse relationship to this case.
The firm can be reached through:
indinero, Inc., a licensed CPA
440 N Barranca Ave. #4637
Covina, CA 91723
Tel: (951) 438-8003
About EDGE Document Solutions LLC
EDGE Document Solutions LLC provides print and digital document
management solutions for clients in education, municipal, and
commercial sectors. The Company develops and integrates software
systems for eDocuments, and electronic content management, while
continuing to support traditional print and mailing needs such as
checks and forms.
EDGE Document Solutions LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06350) on
October 17, 2025. In its petition, the Debtor reports total assets
of $112,146 and total liabilities of $1,198,635.
Honorable Bankruptcy Judge James M. Carr handles the case.
The Debtor is represented by John Allman, Esq. of HESTER BAKER
KREBS LLC.
ELLAS KOUZINA: Tamara Miles Ogier Named Subchapter V Trustee
------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Tamara Miles Ogier,
Esq., at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee
for Ellas Kouzina, LLC.
Ms. Ogier will be paid an hourly fee of $475 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Ogier declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Tamara Miles Ogier, Esq.
Ogier, Rothschild & Rosenfeld, PC
P.O. Box 1547
Decatur, GA 30031
Phone: (404) 525-4000
About Ellas Kouzina LLC
Ellas Kouzina, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-51228) on
January 29, 2026, listing assets of up to $50,000 and liabilities
of $500,001 to $1 million.
Paul Reece Marr, Esq., at Paul Reece Marr, PC represents the Debtor
as legal counsel.
ENVUE MEDICAL: Preferred Shareholders Agree to Remove Floor Price
-----------------------------------------------------------------
ENvue Medical, Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that the Company entered
into an Amendment Agreement with the Required Holders.
As previously disclosed on July 22, 2025, in connection with the
closing of the issuance and sale of the Company's Series H
Convertible Preferred Stock, par value $0.001 per share on July 18,
2025, the Company filed a Certificate of Designation of
Preferences, Rights and Limitations of the Series H Convertible
Preferred Stock with the Secretary of State of the State of
Delaware.
Pursuant to the Amendment Agreement, the Required Holders agreed to
amend the Certificate of Designations by filing a Certificate of
Amendment to the Certificate of Designations with the Secretary of
State of the State of Delaware to remove the Floor Price (as
defined in the Certificate of Designations) in consideration of the
holders of the Preferred Stock exercising $2,500,000 of the
Additional Investment Right (as such concept is described in the
Securities Purchase Agreement by and between the Company and the
holders of the Preferred Stock on July 18, 2025, available at
https://tinyurl.com/4zryvk8h
On January 30, 2026, the Company filed the Certificate of Amendment
with the Secretary of State of the State of Delaware, thereby
amending the Certificate of Designations.
The Certificate of Amendment became effective with the Secretary of
State of the State of Delaware upon filing.
Full text copies of the Amendment Agreement and the Certificate of
Amendment are available at https://tinyurl.com/y47n454t and
https://tinyurl.com/32hkprc2, respectively.
About ENvue Medical
ENvue Medical, Inc. (formerly known as NanoVibronix, Inc.) operates
as a medical device company. The Company focuses on non-invasive
biological response-activating devices that target wound healing
and pain therapy. ENvue Medical develops medical devices based on
its proprietary therapeutic ultrasound technology.
Southfield, Mich.-based Zwick CPA, PLLC, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated March 31, 2025, attached to the Company's Annual Report on
Form 10-K for the year ended Dec. 31, 2024, citing that the Company
has suffered recurring losses from operations and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about its
ability to continue as a going concern.
As of September 30, 2025, the Company had $54.4 million in total
assets, $11.9 million in total liabilities, and $42.5 million in
total stockholders' equity
EXACTECH INC: Trust Claims TPG Hid Defects to Avoid Liability
-------------------------------------------------------------
Ben Zigterman of Law360 Bankruptcy Authority reports that the
settlement trust for Exactech Inc. filed a landmark complaint
Thursday, February 5, 2026, in Delaware's Court of Chancery against
TPG Inc., seeking more than $1 billion in damages and alleging that
TPG, as Exactech's owner, concealed defects in the company's
medical implants. The suit claims TPG controlled key aspects of
Exactech's business after buying it in 2018 and delayed safety
recalls, effectively forcing the company into bankruptcy to dodge
liability.
According to the trust, TPG's alleged conduct masked serious
product flaws, exposing patients and the company to harm and
liability while shielding the private equity firm from financial
responsibility. The filing asserts that the trust should be
permitted to pursue claims against TPG directly because of the
level of control it exercised over Exactech.
The lawsuit highlights increasing efforts by bankruptcy
stakeholders to seek recovery from third parties — particularly
private equity sponsors — when a debtor's collapse results from
allegedly hidden defects or management misconduct. Depending on how
the Delaware Chancery Court responds, the case could influence
similar litigation involving third‑party liability in bankruptcy
contexts, the report states.
About Exactech Inc.
Exactech Inc. -- https://www.exac.com/ -- is a joint-replacement
implant manufacturer owned by TPG Capital.
Exactech Inc. and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-12441) on
Oct. 29, 2024. In the petition filed by Donna H. Edwards, as
general counsel and senior vice president, Exactech reportedbetween
$100 million and $500 million in assets and liabilities.
Judge Laurie Selber Silverstein oversees the cases.
The Debtors tapped Young Conaway Stargatt & Taylor, LLP as legal
counsel, Centerview Partners, LLC as investment banker, Riveron
Management Services, LLC as restructuring advisor and Jesse York of
Riveron as chief restructuring officer. Kroll Restructuring
Administration, LLC is the claims agent and administrative
advisor.
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors. Brown Rudnick LLP is the committee's
counsel.
On September 17, 2025, the court confirmed the Debtors' Joint
Chapter 11 plan.
EXIDE TECHNOLOGIES: Guggenheim Virtually Writes Off $2.35MM Bond
----------------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its corporate
bond $2,353,687 extended to Exide Technologies to market at $3 or
0.00% of the outstanding amount, according to Guggenheim's Form
N-CSR for the fiscal year ended November 30, 2025, filed with the
U.S. Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund owns a Corporate Bond
issued by Exide Technologies. The Corporate Bond accrues interest
at a rate of 0% per annum. The Corporate Bond matures on October
31, 2024.
"The Security is in default of interest and/or principal
obligations." said the Fund.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About EXIDE TECHNOLOGIES
Exide Technologies is a global provider of stored energy solutions,
specializing in lead-acid and lithium-ion batteries for automotive,
transportation, and industrial markets.
EXOTIC COACH: Hires Van Horn Law Group PA as Bankruptcy Counsel
---------------------------------------------------------------
Exotic Coach Lines, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Van Horn Law
Group, P.A. as counsel.
The firm's services include:
(a) advise the Debtor with respect to its powers and duties in
the continued management of its business operations;
(b) advise the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;
(c) prepare legal 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's professionals will be paid at these hourly rates:
Chad Van Horn, Attorney $500
Associates, Paralegals and Law Clerks $125 - $350
Prior to filing this case, the Debtor paid the firm a fee retainer
in the amount of $12,500 plus $2,500 for the filing fee.
Mr. Van Horn 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:
Chad Van Horn, Esq.
Van Horn Law Group, P.A.
500 NE 4th Street, Suite 200
Fort Lauderdale, FL 33301
Telephone: (954) 765-3166
Facsimile: (954) 765-7103
About Exotic Coach Lines, LLC
Exotic Coach Lines, LLC operates a passenger transportation
business providing coach and charter services.
Exotic Coach Lines, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-10942) on January 26, 2026. In
its petition, the Debtor reports estimated assets between $100,001
and $1 million and estimated liabilities between $1 million and $10
million.
Honorable Bankruptcy Judge Scott M. Grossman handles the case.
The Debtor is represented by Chad T. Van Horn, Esq.
FAT BRANDS: Creditors Urge Court to Suspend CEO Andrew Wiederhorn
-----------------------------------------------------------------
Dorothy Atkins of Law360 Bankruptcy Authority reports that the
creditors of FAT Brands asked a Texas bankruptcy judge Thursday to
suspend restaurant franchiser CEO Andrew Wiederhorn, arguing that
just days after the company filed for Chapter 11 protection,
Wiederhorn sold $3.1 million in company equity. The creditors
contend the transaction raises concerns about governance and
compliance with bankruptcy disclosure requirements.
In their filing, the creditors said the equity sale occurred while
the company was seeking court protection and should be scrutinized
to determine whether it violated fiduciary duties or undermined the
bankruptcy process. They urged the court to step in to prevent
further actions they claim could prejudice creditors.
FAT Brands has defended its leadership and restructuring efforts,
while the dispute adds to growing tension between management and
creditor groups as the Chapter 11 case moves forward in Texas
bankruptcy court, the report states.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a
global franchising company that strategically acquires, markets,
and develops fast casual, quick-service, casual dining, and
polished casual dining concepts around the world. The Company
currently owns 18 restaurant brands: Round Table Pizza, Fatburger,
Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great
American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe
& Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger,
Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses. FAT Brands franchises and owns over 2,200 units
worldwide.
Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on
Jan. 26, 2026. In its petition, Fat Brands listed estimated assets
and liabilities more than $1 billion.
The Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
Latham & Watkins LLP is serving as legal counsel to the Company.
GLC Advisors & Co., LLC is serving as investment banker, and Huron
Consulting Services LLC is serving as financial advisor. Omni Agent
Solutions, Inc., is serving as claims, noticing and solicitation
agent.
White & Case LLP is representing the Ad Hoc Group of Securitization
Noteholders.
Greenberg Traurig, LLP represents UMB Bank, National Association,
solely in its capacity as Trustee to certain series of notes.
FAT BRANDS: Gets Interim OK to Use Cash Collateral Until Feb. 23
----------------------------------------------------------------
FAT Brands Inc. and its affiliated debtors got the green light from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to use cash collateral and unencumbered cash to
fund operations.
The court entered an interim order authorizing the Debtors to use
the funds consistent with their budget from the petition date
through February 23 or until termination by the court for
noncompliance with the interim order, whichever occurs first.
The Debtors' cash collateral largely consists of revenues subject
to the pre-petition secured parties' security interests. Immediate
access to cash is critical given the Debtors' limited on-hand
liquidity of approximately $2.1 million.
The creditors with an interest in the cash collateral include UMB
Bank, N.A., as trustee and securities intermediary under the
Royalty, GFG, Fazoli's, and Twin Base Indentures, as well as the
respective Royalty, GFG, Fazoli's, and Twin Noteholders.
As adequate protection for any diminution in value of their
collateral, pre-petition secured creditors will be granted security
interests in and liens on the Debtors' assets, including real and
personal property.
Additionally, superpriority administrative expense claims equal to
any diminution in value of the pre-petition secured parties'
interests in cash collateral will be granted, subordinate to the
carveout and post-petition intercompany claims.
The Debtors' pre-petition capital structure totals approximately
$1.45 billion, including:
1. Royalty Notes ($212M) – issued by FAT Brands Royalty I,
LLC; holders include the Royalty Noteholders, secured by the
Royalty Securitization Guarantors; interest rates 4.75–9%.
2. GFG Notes ($445M) – issued by FAT Brands GFG Royalty I,
LLC; secured by GFG Securitization Guarantors; interest rates
6–9.5%.
3. Fazoli's Notes ($187M) – issued by FAT Brands Fazoli's
Native I, LLC; secured by Fazoli's Securitization Guarantors;
interest rates 6–9%.
4. Resid Notes ($159M) – issued by FB Resid Holdings I, LLC;
secured by management fees and 44.6M shares of Twin Hospitality
Class A stock; interest 10%.
5. Twin Notes ($413M) – issued by Twin Hospitality I, LLC;
secured by Twin Securitization Guarantors; interest 9–11%.
6. Non-securitization secured debt includes: Twin Peaks
Equipment Loans ($4M) with Amur Equipment Finance, GFG and Royalty
Percent Promissory Notes ($8.4M and $6.2M) with Cadence Group,
Riverside Refi Loan ($18.75M) with Insight Capital, LLC, and
Waterfall Loan ($10M) with Waterfall Bridge Capital.
Unsecured debt includes Elevation Note ($2M) and estimated general
unsecured claims of $104 million.
A final hearing is scheduled for February 19.
A copy of the interim order is available at https://is.gd/DnR1NW
from PacerMonitor.com.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a
global franchising company that strategically acquires, markets,
and develops fast casual, quick-service, casual dining, and
polished casual dining concepts around the world. The Company
currently owns 18 restaurant brands: Round Table Pizza, Fatburger,
Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great
American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe
& Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger,
Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses. FAT Brands franchises and owns over 2,200 units
worldwide.
Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on
Jan. 26, 2026. In its petition, Fat Brands listed estimated assets
and liabilities more than $1 billion.
The Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
Latham & Watkins LLP is serving as legal counsel to the Company.
GLC Advisors & Co., LLC is serving as investment banker, and Huron
Consulting Services LLC is serving as financial advisor. Omni Agent
Solutions, Inc., is serving as claims, noticing and solicitation
agent.
White & Case LLP is representing the Ad Hoc Group of Securitization
Noteholders.
Greenberg Traurig, LLP represents UMB Bank, National Association,
solely in its capacity as Trustee to certain series of notes.
FAT BRANDS: Seeks Court OK to Use Subsidiary Stock Sale Cash
------------------------------------------------------------
Rick Archer of Law360 Bankruptcy Authority reports that FAT Brands
has filed a motion in bankruptcy court seeking authorization to
spend proceeds from a subsidiary's stock sale to fund its Chapter
11 restructuring, according to court filings. The restaurant parent
says it requires the cash infusion to cover ongoing expenses in its
Delaware Chapter 11 case.
The shares sold belonged to a subsidiary restaurant business, and
the offering generated just over $3 million in proceeds. FAT Brands
wants the court to bless both the sale and its planned use of the
funds, which were obtained after the company and the subsidiary
entered bankruptcy, the report states.
In its motion, the debtor argued that access to the cash is
critical for liquidity amid restructuring, though creditors may
scrutinize the transaction's timing and terms. The judge's decision
on the motion will shape how FAT Brands finances its Chapter 11
process in the coming weeks, according to Law360 Bankruptcy
Authority.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a
global franchising company that strategically acquires, markets,
and develops fast casual, quick-service, casual dining, and
polished casual dining concepts around the world. The Company
currently owns 18 restaurant brands: Round Table Pizza, Fatburger,
Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great
American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe
& Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger,
Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses. FAT Brands franchises and owns over 2,200 units
worldwide.
Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on
Jan. 26, 2026. In its petition, Fat Brands listed estimated assets
and liabilities more than $1 billion.
The Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
Latham & Watkins LLP is serving as legal counsel to the Company.
GLC Advisors & Co., LLC is serving as investment banker, and Huron
Consulting Services LLC is serving as financial advisor. Omni Agent
Solutions, Inc., is serving as claims, noticing and solicitation
agent.
White & Case LLP is representing the Ad Hoc Group of Securitization
Noteholders.
Greenberg Traurig, LLP represents UMB Bank, National Association,
solely in its capacity as Trustee to certain series of notes.
FIRST BRANDS: Insurers Appeal Chapter 11 D&O Policy Ruling
----------------------------------------------------------
Vince Sullivan of Law360 Bankruptcy Authority reports that a
consortium of insurers for First Brands Group has announced its
intent to appeal a January 2026 bankruptcy court decision involving
the availability of directors and officers insurance proceeds in
the company's Chapter 11 case.
The insurers argue that the ruling improperly allows access to
policy proceeds and undermines established limits on coverage,
raising concerns about the scope of insurance protection in
bankruptcy-related litigation, according to report.
They are seeking appellate review to clarify the legal standards
governing D&O insurance proceeds and their use while a debtor
remains under bankruptcy court supervision, reports Law360.
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 INVESTMENT GROUP: Seeks Chapter 11 Bankruptcy in New Jersey
-----------------------------------------------------------------
On February 5, 2026, First Investment Group, LLC, filed for Chapter
11 protection in the District of New Jersey. According to court
filings, the Debtor reports between $0 and $100,000 in debt owed to
1-49 creditors.
About First Investment Group, LLC
First Investment Group, LLC is an investment holding company
engaged in managing and overseeing a portfolio of business and
financial interests.
First Investment Group, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-11325) on February 5,
2026. In its petition, the Debtor reports estimated assets in the
range of $0-$100,000 and estimated liabilities of $0-$100,000.
Honorable Bankruptcy Judge Jerrold N. Poslusny Jr. handles the
case.
The Debtor is represented by Demetrius J. Parrish, Jr., Esq. of the
Law Office of Demetrius J. Parrish Jr.
FRANCESCA'S ACQUISITION: Case Summary & 32 Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: Francesca's Acquisition, LLC
8760 Clay Rd, Suite 100
Houston, TX 77080
Business Description: The Debtors operate a specialty
retail business focused on women's apparel, jewelry, gifts, and
accessories, serving Gen Z and multigenerational customers through
approximately 400 boutiques across 45 U.S. states and an e-commerce
website under the Francesca's brand. The Debtors offer
limited-quantity merchandise, much of it sold under proprietary
labels, with products distributed through a warehouse and
distribution center at their Houston corporate headquarters
supporting both retail and online sales. Operations include
retail, distribution, and corporate functions across the United
States, with merchandise primarily sold through leased boutique
locations in malls and lifestyle shopping centers.
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
District of New Jersey
Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:
Debtor Case No.
------ --------
Francesca's Acquisition, LLC (Lead Case) 26-11312
Francesca's Operations, Inc. 26-11310
Francesca's Administrative Management, Inc. 26-11313
Francesca's IP Company, Inc. 26-11314
Judge: Hon. Mark Edward Hall
Debtors' Counsel: Vincent J. Roldan, Esq.
Jeffrey M. Rosenthal, Esq.
Katie F. Warren, Esq.
MANDELBAUM BARRETT PC
3 Becker Farm Road, Suite 105
Roseland, NJ 07068
Tel: 973-736-4600
Fax: 973-325-7467
Email: vroldan@mblawfirm.com
jrosenthal@mblawfirm.com
KWarren@mblawfirm.com
Debtors'
Intangible Asset
Disposition
Consultant: HILCO IP SERVICES LLC
Debtors'
Financial
Advisor: LOCHRIE CAPITAL PARTNERS, LLC
Debtors'
Tax Advisor: LOMBARD GROUP LLC
Debtors'
Interim
Management
Services
Provider: SIERRACONSTELLATION PARTNERS LLC
Debtors'
Claims &
Noticing
Agent: STRETTO
Estimated Assets
(on a consolidated basis): $10 million to $50 million
Estimated Liabilities
(on a consolidated basis): $50 million to $100 million
The petitions were signed by Curt Kroll as chief financial
officer.
A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:
https://www.pacermonitor.com/view/GLXYA2Q/Francescas_Acquisition_LLC__njbke-26-11312__0001.0.pdf?mcid=tGE4TAMA
Consolidated List of Debtors' 32 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. Trixxi Clothing Company** Inventory $9,448,575
6817 E. Acco St.
Commerce, CA 90040
Kevin Cho
Phone: 323-585-4200 x242
Email: kevin@trixxi.net
2. Arc Textiles Inc Inventory $5,001,840
110 E 9th St, Suite C757
Los Angeles, CA 90079
Ruben Leon
Phone: 323-371-1873
Email: ruben@arctextile.com
3. Star Style Apparel LLC Inventory $2,559,486
530 7th Ave, Suite 1403
New York, NY 10018
David Orland
Phone: 212-575-2732
Email: David@starstyleapparel.com
4. K & K Clothing LLC** Inventory $2,542,421
PO Box 730718
Dallas, TX 75373-0718
Sohaila Hussaini
Phone: 323-277-9200 x217
Email: Sohaila@designcollection.com
5. Winning Intl Trading Dev Ltd Inventory $2,452,365
147 W 35th Street Suite 105
New York, NY 10001
Kat Badillo
Phone: 917-273-1967
Email: kat@thesweaterdepartment.com
6. MTO Jewelry LLC Inventory $1,632,995
30910 Spanish Moss Crossing
Fulshear, TX 77441
Myung Kim
Phone: 972-333-7123
Email: myung@mytinyobsessions.com
7. Valjean International Inc Inventory $1,400,145
36 W 37th St, 9th Floor
New York, NY 10018
Daniel Yoon
Phone: 212-563-4648
Email: daniel@valjean.com
8. Dovel & Luner Class Action $1,375,000
Stacey Rogers vs Suit
Francesca's Operations Inc.
201 Santa Monica Blvd, Suite 600
Santa Monica, CA 90401
Simon Franzini
Phone: 310-656-7066
Email: simon@dovel.com
9. Roxberi LLC Inventory $918,260
127 E 9th St, Suite 1111
Los Angeles, CA 90015
Connie Franko
Phone: 310-259-9035
Email: connie@roxberi.com
10. Esung New York LLC Inventory $829,857
132 Rockaway Ave
Valley Stream, NY 11580
Eric Sung
Phone: 559-717-8889
Email: eric@esungnewyork.com
11. Andrew Clarke Former $659,838
1507 Kipling Street Employee
Houston, TX 77006
Andrew Clarke
Phone: 415-509-9269
Email: andrew.clarkeusa@gmail.com
12. Google Inc Marketing $658,350
1600 Amphtheatre Pkwy
Mountain View, CA 94043
Dept 33654
13. Meta Platforms, Inc Marketing $550,902
1 Meta Way
Menlo Park, CA 94025
Phone: 650-543-4800
Email: ar@meta.com
14. Oz Jewelry Corp Inventory $550,620
12900 Valley Branch, Suite 400
New York, NY 10001
Phone: 212-967-3857
Email: ar@oznewyork.com
15. 26 International Inc Inventory $521,318
1500 S Griffen Ave
Los Angeles, CA 90021
Bob Acampora
Phone: 212-575-7960
Email: bob@26international.com
16. Simon Property Group LP Landlord $500,196
225 W. Washington St
Indianapolis, IN 46204
Pervis Bearden
Phone: 317-531-2042
Email: pbearden@simon.com
17. Amazon Capital Services Inc Supplies $498,983
410 Terry Ave N
Seattle, WA 98109
Derek Krug
Email: derekkru@amazon.com
18. Design Clique Inc Inventory $497,958
191 Race St
Denver, CO 80206
Pam Hatcher
Phone: 720-979-9794
Email: pam@thedclique.com
19. Cafferty Clobes Class Action $467,674
Meriwether & Sprengel LLP Suit
Doherty, et al. vs
Francesca's Acquisition, LLC
135 S. LaSalle St, Suite 3210
Chicago, IL 60603
Nickolas Hagman
Phone: 312-782-4880
Email: nhagman@caffertyclobes.com
Siri & Glimstad LLP Class Action (Same as Above)
Doherty, et al. Suit
vs Francesca's Acquisition, LLC
745 Fifth Avenue, Suite 500
New York, NY 10151
Tyler Bean
Phone: 929-677-5144
Email: tbean@sirillp.com
Migliaccio & Rathod LLP Class Action (Same as Above)
Doherty, et al. vs Suit
Francesca's Acquisition, LLC
412 H Street NE
Washington, DC 20002
Jason Rathod
Phone: 202-470-3520
Email: jrathod@classlawdc.com
20. Decorware International Inc Inventory $434,563
10220 Fourth St
Rancho Cucamonga, CA 91730
Brendon Cheng
Phone: 909-614-1651
Email: Brendon.Cheng@decorwareinc.com
21. United Parcel Service Inc Freight $420,304
55 Glenlake Pkwy NE
Atlanta, GA 30328
Michael Barrueta
Phone: 281-804-0407
Email: mbarrueta@ups.com
22. Oncall Staffing Inc Contract $402,565
PO Box 55569 Labor
Houston, TX 77255
Michelle Sanchez
Phone: 832-239-0900
Email: msanchez@oncallstaffinginc.com
23. Marcus Adler Glove Co Inventory $393,800
32 W 39th St, 15th Fl
New York, NY 10018
Andrew Zineman
Phone: 212-840-8652
Email: andrew@marcusadlergloves.com
24. FedEx Freight $381,926
PO Box 660481
Dallas, TX 75266-0481
Adam West
Phone: 425-495-482
Email: adam.west2@fedex.com
25. Windstream Enterprise Phone/ $353,808
PO Box 9001013 Internet
Louisville, KY 40290-1013
Mary Jane Shaw
Phone: 203-985-3485
Email: mary.shaw@uniti.com
26. Premium Outlet Partners Landlord $345,408
225 W. Washington St
Indianapolis, IN 46204
Pervis Bearden
Phone: 317-531-2042
Email: pbearden@simon.com
27. Tanger Properties LP Landlord $335,408
3200 Northline Ave Suite 360
Greensboro, NC 27408
Dan Seabaugh
Phone: 423-490-8656
Email: dan.seabaugh@tanger.com
28. Topson Downs of California Inventory $323,817
3840 Watseka Ave
Culver City, CA 0232
Daniel Abramovitch
Phone: 310-558-0300
Email: DanielAbramovitch@topsondowns.com
29. Attentive Mobile Inc Marketing $314,162
221 River St, Suite 9047
Hoboken, NJ 7030
Geoff Winchell
Email: gwinchell@attentive.com
30. RSM US LLP Professional $305,005
331 W 3rd St, Suite 200 Fees
Davenport, IA 52801
David Abrams
Phone: 515-558-6618
Email: David.Adams@rsmus.com
31. Newmark Partners LP Professional $301,051
5201 Tennyson Pkwy, Suite 200 Fees
Plano, TX 75024
Chris Leehy
Phone: 817-371-9090
Email: Chris.Leehy@nmrk.com
32. CBL & Associates Landlord $298,418
2030 Hamilton Blvd Suite 500
Chattanooga, TN 37421
Gary Roddy
Phone: 423-490-8656
Email: Gary.Roddy@cblproperties.com
**These are Affiliated entities but the Debtors were unsure of
common ownership structure with MAS Acquisitions
FRANCESCA'S ACQUISITION: Court OKs Store Closing Sales in Ch. 11
----------------------------------------------------------------
Vince Sullivan of Law360 Bankruptcy Authority reports that
Francesca's, the national women's clothing chain, won court
approval Friday, February 6, 2026, in its New Jersey Chapter 11
case to draw on lenders' cash collateral to underwrite its
wind‑down efforts and store closing sales. The use of secured
cash collateral is a key component of the company's strategy to
manage its financial obligations while discontinuing operations.
The decision followed negotiations between the debtor and its
secured lenders, culminating in an agreement that provides
Francesca's with access to the cash needed to meet payroll, pay
vendors, and keep lights on during the wind‑down period. The
court also outlined safeguards aimed at protecting lender interests
as the collateral is used, the report states.
As the retailer moves toward the final stages of its bankruptcy
case, the ruling provides a roadmap for how distressed retail
chains can leverage financing arrangements to execute orderly
shutdown plans while balancing creditor priorities, according to
report.
About Francesca's Acquisition LLC
Francesca’s Acquisition LLC is a privately held retail enterprise
that operates the francesca's and franki by francesca's boutique
chains, headquartered in Houston, Texas. The company's boutiques
offer a curated mix of women's fashion, accessories, jewelry, and
lifestyle products, combining a boutique shopping experience with
e‑commerce convenience. The business was relaunched under this
entity after the francesca’s brand was sold out of bankruptcy
proceedings in 2021.
Francesca's Acquisition LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11312) on February
5, 2026. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.
Honorable Bankruptcy Judge Mark Edward Hall handles the case.
The Debtor is represented by Vincent J. Roldan, Esq., of Mandelbaum
Salsburg PC.
FRANCESCA'S ACQUISITION: Enters Chapter 11 to Support Liquidation
-----------------------------------------------------------------
Clara Geoghegan of Law360 Bankruptcy Authority reports that on
Thursday, February 5, 2026, Francesca's, a women's specialty
clothing retailer, filed for Chapter 11 bankruptcy in New Jersey,
signaling a shift from attempts at business recovery to a
structured closing process. The bankruptcy petition aims to
facilitate an orderly shutdown of store operations by placing the
remaining business activities under federal court supervision.
In support of this process, the company has already launched
court‑approved going‑out‑of‑business sales at its boutiques
across the country, offering deep discounts as part of the effort
to monetize remaining inventory. The debtor has also received
approval to access lenders’ cash collateral, a key step in
funding the wind‑down and fulfilling ongoing obligations during
the Chapter 11 case, according to report.
The filing follows years of financial difficulties for the chain,
which began in Houston in the late 1990s and once operated hundreds
of stores nationwide. With consumer trends shifting and liquidity
pressures mounting, Francesca’s has opted for a structured
bankruptcy route to wind down its business responsibly and maximize
value for stakeholders, the report relays.
About Francesca's Acquisition LLC
Francesca’s Acquisition LLC is a privately held retail enterprise
that operates the francesca's and franki by francesca's boutique
chains, headquartered in Houston, Texas. The company's boutiques
offer a curated mix of women's fashion, accessories, jewelry, and
lifestyle products, combining a boutique shopping experience with
e‑commerce convenience. The business was relaunched under this
entity after the francesca’s brand was sold out of bankruptcy
proceedings in 2021.
Francesca's Acquisition LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11312) on February
5, 2026. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.
Honorable Bankruptcy Judge Mark Edward Hall handles the case.
The Debtor is represented by Vincent J. Roldan, Esq. of Mandelbaum
Salsburg PC.
FREE SPEECH: Alex Jones' Ex-Lawyer Asks Court to Void Suspension
----------------------------------------------------------------
Brian Steele of Law360 Bankruptcy Authority reports that the former
lawyer for conspiracy theorist Alex Jones in a massive defamation
judgment has appealed to the Connecticut Supreme Court to reverse
his suspension by a lower court. The disciplinary action stemmed
from allegations that he violated a protective order while handling
confidential information in the Sandy Hook families’ lawsuit
against Jones.
In his petition, the attorney asserts that the sanction was
improper and seeks a ruling from the state's highest court on
whether the judge's conduct in imposing the suspension was lawful.
The underlying defamation case resulted in a large monetary award
against Jones after a trial over his repeated claims that the 2012
Newtown school shooting was a hoax.
The appeal raises substantive questions about how and when
disciplinary measures should be applied to attorneys involved in
complex civil litigation with protective‑order obligations. A
decision by the Connecticut Supreme Court could provide important
guidance on attorney ethics and professional discipline, according
to report.
About Free Speech Systems
Free Speech Systems LLC is a broadcast media production and
distribution company that provides broadcasting aural programs by
radio to the public. Free Speech Systems is a family-run business
founded by Alex Jones.
FSS is presently engaged in the business of producing and
syndicating Jones' radio and video talk shows and selling products
targeted to Jones' loyal fan base via the Internet. Today, FSS
produces Alex Jones' syndicated news/talk show (The Alex Jones
Show) from Austin, Texas, which airs via the Genesis Communications
Network on over 100 radio stations across the United States and via
the internet through websites including Infowars.com.
Due to the content of Alex Jones' shows, Jones and FSS have faced
an all-out ban of Infowars from mainstream online spaces. Shunning
from financial institutions and banning Jones and FSS from major
tech companies began in 2018.
Conspiracy theorist Alex Jones has been sued by victims' family
members over Jones' lies that the 2012 Sandy Hook Elementary School
shooting was a hoax.
Jones' InfoW LLC and affiliates, IWHealth, LLC and Prison Planet
TV, LLC, filed petitions under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 22-60020) on April
18, 2022.
FULCRUM BIOENERGY: Strikes Deal to Settle Abengoa Chapter 11 Claims
-------------------------------------------------------------------
Emily Lever of Law360 Bankruptcy Authority reports that in Delaware
bankruptcy court, the Fulcrum Bioenergy liquidation trust has
submitted a proposed settlement with Abengoa SA, seeking to put to
rest years of disputes about contract performance between the two
sides. The proposal would resolve extensive claims that have
complicated the Chapter 11 case.
Court documents indicate that the disagreements between the trust
and the Spanish energy company involve approximately $400 million
in contested obligations, with each side advancing competing views
about contractual duties and enforcement. If the settlement moves
forward, it would end the litigation and related objections tied to
those issues.
The bankruptcy court must still consider the fairness and
reasonableness of the settlement, which the trust says would
eliminate legal uncertainty and preserve value for creditors. The
resolution could streamline the ongoing wind‑down of Fulcrum
Bioenergy's estate, according to report.
About Fulcrum Bioenergy
Fulcrum Bioenergy Inc. operates as a clean energy company described
as a pioneer in sustainable aviation fuel (SAF) production.
Fulcrum Bioenergy Inc. and its affiliates sought relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
24-12008) on Sept. 9, 2024. In the petition filed by Mark J. Smith,
as chief restructuring officer, the Debtor reports estimated assets
up to $50,000 and estimated liabilities between $100 million and
$500 million.
The Honorable Bankruptcy Judge Thomas M. Horan handles the case.
The Debtors tapped MORRIS, NICHOLS, ARSHT & TUNNELL LLP as counsel;
and DEVELOPMENT SPECIALISTS, INC., as investment banker. KURTZMAN
CARSON CONSULTANTS, LLC, d/b/a VERITA GLOBAL, is the claims agent.
G D FAMILY: Jeanette McPherson Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 17 appointed Jeanette McPherson, Esq.,
at Fox Rothschild, LLP, as Subchapter V trustee for G D Family Inc.
Ms. McPherson will be paid an hourly fee of $625 for her services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. McPherson declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Jeanette McPherson, Esq.
Fox Rothschild, LLP
1980 Festival Plaza Drive, Suite 700
Las Vegas, NV 89135
Phone: (702) 699-5923
Email: TrusteeJMcPherson@FoxRothschild.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.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Nev. Case No. 26-10539) on January 29,
2026, with $1,310,760 in assets and $3,802,026 in liabilities as of
January 7, 2026. Jang Hyun Kim, president, signed the petition.
Judge August B. Landis presides over the case.
Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC represents the
Debtor as legal counsel.
GAINS INTERMEDIATE: Capital Southwest Marks $7.4M Loan at 30% Off
-----------------------------------------------------------------
Capital Southwest Corporation has marked its $7,413,000 loan
extended to Gains Intermediate LLC to market at $5,160,000 or 69.6%
of the outstanding amount, according to Capital Southwest's Form
10-Q for the fiscal year ended December 31, 2025, filed with the
U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien,
Term Loan B extended to Gains Intermediate LLC. The loan accrues
interest at a rate of 9.25% per annum. The loan matures on December
15, 2027.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Gains Intermediate LLC
Gains Intermediate LLC is a private equity backed portfolio that
specializes in the health and wellness coaching space.
GAINS INTERMEDIATE: Capital Southwest Marks $7.5M Loan at 24% Off
-----------------------------------------------------------------
Capital Southwest Corporation has marked its $7,558,000 loan
extended to Gains Intermediate LLC to market at $5,744,000 or 76.0%
of the outstanding amount, according to Capital Southwest's Form
10-Q for the fiscal year ended December 31, 2025, filed with the
U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien,
Term Loan A extended to Gains Intermediate LLC. The loan accrues
interest at a rate of 11.25% per annum. The loan matures on
December 15, 2027.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company’s common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Gains Intermediate LLC
Gains Intermediate LLC is a private equity backed portfolio that
specializes in the health and wellness coaching space.
GENIE INVESTMENTS: Cohan's Motion for Leave to Appeal Shelved
-------------------------------------------------------------
Judge Jason A. Burgess of the U.S. Bankruptcy Court for the Middle
District of Florida entered an order abating the Motion for Leave
to Proceed on Appeal In Forma Pauperis filed by John Michael Cohan
in the bankruptcy case of Genie Investments NV, Inc.
The Court will abate the Motion pending the decision in the
District Court for the Middle District of Florida, Case No.:
3:25-cv-01398-JEP, in which Mr. Cohan has requested a review of
this Court's Order Denying Motion for Leave to Appeal In Forma
Pauperis.
All related deadlines regarding this Motion are stayed until
further Court order.
John Michael Cohan and David Hughes ("the Equity Holders") are the
former principals of the Debtor, with each owning a 50% interest.
As shared by the Troubled Company Reporter, the Debtor's schedules
listed a legal malpractice cause of action against Warren Law,
which arose out of an ill-fated joint venture the Debtor entered
into with Velanos Principal Capital. While the Trustee was
executing his statutory duty of pursuing the cause of action, the
Equity Holders filed a pro se complaint in the United States
District Court, for the Middle District of Florida, Jacksonville
Division asserting various claims arising from the Velanos joint
venture against the successor in interest to the Warren Law Group
and its attorney, Scott Oh. In response, the Trustee filed a Motion
to Enforce Automatic Stay. The Court granted the motion and an
Interim Order on Motion to Enforce Automatic Stay was entered which
stayed the action in the District Court.
On September 30, 2025, the Court entered an Order Granting
Trustee's Motion to Enforce Automatic Stay and Denying with
Prejudice Equity Holders' Motions for Sanctions. In the Order
Enforcing, the Court found that the Equity Holders' causes of
action against Velanos and Warren Law are property of the estate,
and that their attempts to pursue such causes of action are a
violation of the automatic stay.
On October 9, 2025, the Trustee filed a Motion to Compromise Claims
with Christopher D. Warren, P.C., Warren Law Group, PLLC, and Scott
Oh and Enjoin Certain Claims.
The Motion to Compromise is based on the Trustee's business
judgment that the deal is in the best interests of the estate and
its creditors because of the time and high costs associated with
pursuing the Debtor's claims against WLG and Oh. Aside from an
objection filed by the Equity Holders, which was stricken by the
Court, no other responses were timely filed to the Motion to
Compromise.
On November 4, 2025, the Court entered an Order Granting the Motion
to Compromise.
By the Motion for Leave, Mr. Cohan sought to appeal the Order
Granting Motion to Approve Compromise or Settlement. In considering
the issue of objective good faith, the Court concluded that Mr.
Cohan's appeal of the Order Granting Compromise was frivolous and
meritless.
A copy of the Court's Order dated January 30, 2026, is available at
http://urlcurt.com/u?l=aw3gAvfrom PacerMonitor.com.
About Genie Investments NV, Inc.
Genie Investments NV Inc. filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 24-00496) on Feb. 21, 2024, disclosing
under $1 million in both assets and liabilities.
Judge Jason A. Burgess oversees the case.
The Debtor tapped the Law Offices of Mickler & Mickler, LLP as
counsel, Susan Ray as accountant/bookkeeper, and Jimmy D. Chambers
as certified public accountant.
The case was converted to Chapter 7 on Aug. 12, 2024. Aaron R.
Cohen is the Chapter 7 trustee.
GENTLE DENTAL: Unsecureds Will Get 19% of Claims over 5 Years
-------------------------------------------------------------
Gentle Dental of Island Lake Ltd., filed with the U.S. Bankruptcy
Court for the Northern District of Illinois a Plan of
Reorganization dated January 28, 2026.
The Debtor provides general dental care for the community of Island
Lake, Illinois and the surrounding area.
Through the Plan, the Debtor proposes to continue operating its
business and, over time, make Distributions to its creditors from
cash-on-hand, outstanding accounts receivable, and future operating
revenue.
The Plan provides for three classes of claims and one class of
interests. The first class consists of the priority unsecured claim
of the IRS, which the Debtor proposes to pay in full during upon
confirmation of the plan. The second class of claims consists of
the secured claim of Cadence Bank, which the Debtor proposes to pay
in over a period not to exceed 60 months.
The third class consists of all general unsecured claims, which the
Debtor proposes through a consensual plan to pay pro rata a total
of no less than $109,000.00 over a five-year period. The sole class
of interests consists of the 100% equity interest of Brian Sherwin
in the Debtor. The Plan proposes to allow Sherwin to retain his
equity interests and, upon confirmation of the Plan, retain such
Allowed Interests in the Reorganized Debtor.
Class 3 consists of all Allowed General Unsecured Claims. Holders
of Class 3 Claims are impaired under the Plan. The total of all
Allowed Unsecured Claim is $522.060.00. The GUC Distribution of no
less than $108,000.00 shall be paid to Holders of Allowed Class 3
Claims on a Pro Rata basis at the beginning of each annual quarter
commencing on the earlier of (i) April 1, 2026, or (ii) the first
day of the month following the confirmation of the Plan.
The GUC Distribution shall increase $1.00 for every $1.00 that the
Debtor's annual gross revenue for 2026 that exceeds $450.00 and for
each subsequent year thereafter until the full GUC Distribution is
paid to Holders of Class 3 Claims ("GUC Distribution Increase").
The Debtor's Plan proposes to pay the general unsecured creditors a
minimum of $108,000.00 (calculated as a minimum 19% Pro Rata
Distribution) over a five-year period, with the potential to
increase to 20% Pro Rata Distribution based on the GUC Distribution
Increase and/or claim reductions.
The Plan will be funded with cash on hand, future operating
revenue, outstanding accounts receivable.
A full-text copy of the Plan of Reorganization dated January 28,
2026 is available at https://urlcurt.com/u?l=g5i58n from
PacerMonitor.com at no charge.
Counsel to the Debtor:
JAMES YOUNG LAW
James Young, Esq.
85 Market Street
Elgin, Illinois 60123
T: 847-608-9526
Email: Jyoung@jamesyounglaw.com
About Gentle Dental of Island Lake Ltd.
Gentle Dental of Island Lake Ltd. provides general dental care for
the community of Island Lake, Illinois and the surrounding area.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-16544) on October 28,
2025, with $0 to $50,000 in assets and $500,001 to $1 million in
liabilities.
Judge Michael B. Slade presides over the case.
James Young, Esq. at James Young Law represents the Debtor as legal
counsel.
HANDLE PREFORMS: Todd Hennings Named Subchapter V Trustee
---------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Todd Hennings,
Esq., at Macey, Wilensky & Hennings, LLP as Subchapter V trustee
for Handle Preforms, LLC.
Mr. Hennings will be paid an hourly fee of $450 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Hennings declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Todd E. Hennings, Esq.
Macey, Wilensky & Hennings, LLP
5500 Interstate North Parkway, Suite 435
Sandy Springs, GA 30328
Phone: (404) 584-1222
Email: info@joneswalden.com
About Handle Preforms LLC
Handle Preforms, LLC, a company based in Dawsonville, Georgia,
develops and commercializes PET bottle preform technology featuring
an integral handle, marketed under the
BottleOne brand, for the packaging industry, producing containers
designed to compete with traditional HDPE jugs while improving
durability and recyclability.
Handle Preforms filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20125) on January
29, 2026, with between $1 million and $10 million in both assets
and liabilities.
Ceci Christy, Esq., at Rountree Leitman Klein & Geer, LLC
represents the Debtor as legal counsel.
HARRISON BY RENZZI: Aleida Molina Named Subchapter V Trustee
------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Aleida Martinez
Molina, Esq., as Subchapter V trustee for Harrison by Renzzi on the
Beach, Inc.
Ms. Molina will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Ms. Molina declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Aleida Martinez Molina, Esq.
2121 NW 2nd Avenue, Suite 201
Miami, FL 33127
Telephone: (305) 297-1878
Email: Martinez@subv-trustee.com
About Harrison by Renzzi on the Beach Inc.
Harrison by Renzzi on the Beach, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No.
26-11205) on January 30, 2026, with $100,001 to $500,000 in both
assets and liabilities.
Thomas G. Zeichman, Esq., represents the Debtor as legal counsel.
HEYWOOD HEALTHCARE: Bid to Dismiss Adversary Case Shelved
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts issued
a proceeding memorandum and order taking under advisement the
motion of Athol Memorial Hospital and Heywood Healthcare, Inc. to
dismiss the adversary proceeding captioned as United States of
America, et. al. Plaintiff(s), Heywood Healthcare, Inc., et. al.
Defendant(s), Adversary Proceeding No. 25-04021-EDK (Bankr. D.
Mass.).
Defendants Athol Memorial Hospital and Heywood Healthcare, Inc.
move to dismiss all claims, with prejudice, brought by Relator
Plaintiff Edward C. Randall, acting as qui tam relator.
The Defendants argue the Court should dismiss the Complaint in its
entirety, with prejudice:
1) for being barred by Relator's failure to file a timely claim
in the Chapter 11 Cases;
2) for failing to state a claim under Fed. R. Civ. P. 12(b)(6),
made applicable by Fed. R. Bankr. P. 7012; and
3) for asserting claims under a portion of the U.S. False Claims
Act, Sec. 3729 et seq. in a qui tam action that violates Article II
of the United States Constitution.
A copy of the motion to dismiss is available at
http://urlcurt.com/u?l=EO6Qoqfrom PacerMonitor.com.
The court's order is available at http://urlcurt.com/u?l=aw3gAv
from PacerMonitor.com.
Counsel to Defendants Athol Memorial Hospital and Heywood
Healthcare, Inc."
Edward J. Green, Esq.
David B. Goroff, Esq.
Nora J. McGuffey, Esq.
FOLEY & LARDNER LLP
321 N. Clark Street, Suite 3000
Chicago, IL 60654
Tel: (312) 832-4500
Email: egreen@foley.com
dgoroff@foley.com
nora.mcguffey@foley.com
About Heywood Healthcare
Heywood Healthcare, Inc. is a non-profit community-owned hospital
in Gardner, Mass.
Heywood Healthcare and its affiliates filed Chapter 11 petitions
(Bankr. D. Mass. Lead Case No. 23-40817) on Oct. 1, 2023. In the
petition signed by its chief executive officer, Thomas Sullivan,
Heywood Healthcare disclosed up to $500,000 in assets and up to
$50,000 in liabilities.
Judge Elizabeth D. Katz oversees the cases.
John M. Flick, Esq., at Flick Law Group, PC represents the Debtors
as counsel.
The U.S. Trustee for Region 1 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Dentons Bingham Greenebaum, LLP and Dentons US,
LLP, as its legal counsel.
HORIZON FACILITIES: Gladstone Marks $57.7MM 1L Loan at 54% Off
--------------------------------------------------------------
Gladstone Investment Corporation has marked its $57,700,000 loan
extended to Horizon Facilities Services, Inc. to market at
$26,391,000 or 46% of the outstanding amount, according to
Gladstone's Form 10-Q for the fiscal year ended December 31, 2025,
filed with the U.S. Securities and Exchange Commission.
Gladstone Investment Corporation is a participant in a Secured
First Lien Loan extended to Horizon Facilities Services, Inc. The
loan accrues interest at a rate of 6.0% per annum. The loan matures
on June 2028.
Gladstone Investment Corporation was incorporated under the General
Corporation Law of the State of Delaware on February 18, 2005, and
completed an initial public offering on June 22, 2005. The company
is an externally managed, closed-end, non-diversified management
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940.
The Fund is led by Taylor Ritchie as Chief Financial Officer and
Treasurer (principal financial and accounting officer).
The Fund can be reached at:
Taylor Ritchie
Gladstone Investment Corporation
1521 Westbranch Drive, Suite 100
McLean, VA 22102
Telephone: (703) 287-5800
About Horizon Facilities Services, Inc.
Horizon Facilities Services LLC provides human capital management
solutions for the rental car industry. The Company offers site
management services, process improvement, labor management, and
technology platform.
HYPHA LABS: Fruci Out, Astra Audit In as New Registered Auditor
---------------------------------------------------------------
The Board of Directors of Hypha Labs, Inc. has conducted a search
to determine the Company's independent registered public accounting
firm for the Company's fiscal year ending September 30, 2026.
On January 27, 2026, the Board approved:
(i) the engagement of Astra Audit and Advisory, LLC as the
Company's independent registered public accounting firm for the
Company's fiscal year ending September 30, 2026; and
(ii) the dismissal of Fruci & Associates II, PLLC, the
Company's current independent registered public accounting firm.
Fruci's reports on the Company's financial statements for the
fiscal years ended September 30, 2024 and 2025 did not contain any
adverse opinion or disclaimer of opinion, nor were they qualified
or modified to audit scope or accounting principles but did include
explanatory paragraphs and footnotes questioning the Company's
ability to continue as a going concern.
During the period of Fruci's engagement as the Company's
independent registered public accounting firm, there were no
disagreements as defined in Item 304 of Regulation S-K on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of Fruci would have caused it to
make reference in connection with any opinion to the subject matter
of the disagreement.
Furthermore, during the engagement of Fruci, there were no
reportable events, as defined under Item 304(a)(1)(v) of Regulation
S-K.
The Company has requested that Fruci furnish a letter addressed to
the Securities and Exchange Commission stating whether or not it
agrees with the above statements contained in this Form 8-K. A copy
of this letter is available at https://tinyurl.com/3zcxcdwe
During the fiscal years ended September 30, 2024 and September 30,
2025 and the subsequent interim periods through December 31, 2025,
neither the Company nor anyone on its behalf has consulted with
Astra regarding either:
(i) the application of accounting principles to a specific
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's financial
statements, and neither a written report nor oral advice was
provided to the Company that Astra concluded was an important
factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue;
(ii) any matter that was the subject of a disagreement within
the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related
instructions; or
(iii) any matter that was a reportable event within the meaning
of Item 304(a)(1)(v) of Regulation S-K.
About Hypha Labs
Hypha Labs, Inc. focuses on the research, development, and
commercialization of its Hypha Micropearl bioreactor, a home
appliance designed to accelerate the production of functional
mushrooms. The bioreactor produces Micropearls, enriched mycelium
of medicinal mushrooms, in just eight days, which are tasteless,
odorless, and easily incorporated into food and beverages. These
Micropearls contain active mushroom ingredients known for their
health benefits.
Spokane, Washington-based Fruci & Associates II, PLLC, the
Company's auditor since 2023, issued a "going concern"
qualification in its report dated Jan. 13, 2025. The report
highlighted that the Company has an accumulated deficit, net
losses, and believes cash on hand is not sufficient to sustain
operations. These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.
As of Sept. 30, 2025, the Company had $493,805 in total assets,
$1.42 million in total liabilities, $333,600 in series B
convertible preferred stock, and a total stockholders' deficit of
$1.26 million.
IKER'S PROMISE: Unsecureds to Get Share of Income for 60 Months
---------------------------------------------------------------
Iker's Promise, LLC filed with the U.S. Bankruptcy Court for the
Western District of Texas a Subchapter V Plan dated January 29,
2026.
The Debtor is an LLC with a single member, Enrique Patuel. The
Debtor operates property at 219 Delaware, San Antonio, Texas as a
short-term residential rental property through Airbnb with two
units currently available, with renovation of a third unit
scheduled to be completed by March 1, 2026.
The Debtor was established in November, 2021 by Enrique Patuel in
order to refinance the property at 219 Delaware with a 30-year
fixed rate mortgage. Mr. Patuel was required to transfer the
property from his name to the LLC as a condition of the
refinancing. Mr. Patuel had been operating the property as an
Airbnb, and as the sole member and employee of the LLC, continues
to operate the property.
This Plan of Reorganization under chapter 11 of the Bankruptcy Code
proposes to pay creditors of the Debtor from future income.
General unsecured claim shall receive payments of net disposable
income over 60 months. The monthly payments are to begin 30 days
after the effective date of the Plan and continue thereafter until
paid in full.
Equity interest holder Enrique Patuel shall retain ownership in the
Debtor.
The Debtor's Plan is feasible as a result of the income to be
generated by the Debtor and reflected in the Debtor's projections.
The Debtor believes that it will be able to timely make all plan
payments to creditors as set forth herein.
A full-text copy of the Subchapter V Plan dated January 29, 2026 is
available at https://urlcurt.com/u?l=y0HMbN from PacerMonitor.com
at no charge.
Proposed Attorney for the Debtor:
Lewis Buttles, Esq.
342 W. Woodlawn, Ste. 103
San Antonio, TX 78212
Phone: 210-632-7282
Email: lwisbuttleslaw@hotmail.com
About Iker's Promise LLC
Iker's Promise, LLC, operates property at 219 Delaware, San
Antonio, Texas as a short-term residential rental property.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52625) on Oct. 31,
2025, with $500,001 to $1 million in assets and $100,001 to
$500,000 in liabilities. Judge Michael M. Parker presides over the
case. Lewis E. Buttles represents the Debtor as legal counsel.
IMERYS TALC: Spent Around Seven Yrs. Navigating Chapter 11
----------------------------------------------------------
Emlyn Cameron of Law360 Bankruptcy Authority reports that Imerys
Talc America Inc. has spent approximately seven years navigating
Chapter 11 proceedings that later expanded to include Cyprus Mines
Corp. and, for a time, an affiliated Italian entity. The
bankruptcies were filed amid mounting talc-related litigation and
efforts to centralize claims resolution.
Throughout the cases, stakeholders have raised objections related
to insurance rights, claim valuation, and the treatment of personal
injury claimants. Those disputes have contributed to delays and
ongoing negotiations over the feasibility of a comprehensive
resolution, according to report.
As the cases continue, they remain closely watched as an example of
how courts address mass tort bankruptcies following heightened
scrutiny of similar restructurings in recent years, the report
cites.
About Imerys Talc America
Imerys Talc America, Inc. and its subsidiaries --
https://www.imerys-performance-additives.com/ -- are in the
business of mining, processing, selling and distributing talc. Its
talc operations include talc mines, plants and distribution
facilities located in Montana (Yellowstone, Sappington, and Three
Forks); Vermont (Argonaut and Ludlow); Texas (Houston); and
Ontario, Canada (Timmins, Penhorwood, and Foleyet). It also
utilizes offices located in San Jose, Calif., and Roswell, Ga.
Imerys Talc America and its subsidiaries, Imerys Talc Vermont,
Inc., and Imerys Talc Canada Inc., sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 19-10289) on Feb. 13, 2019.
TheDebtors were estimated to have $100 million to $500 million in
assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.
Judge Laurie Selber Silverstein oversees the cases.
The Debtors tapped Richards, Layton & Finger, P.A., and Latham &
Watkins LLP as their legal counsel, Alvarez & Marsal North America,
LLC as financial advisor, and CohnReznick LLP as restructuring
advisor. Prime Clerk, LLC, is the claims agent.
The U.S. Trustee for Region 3 appointed an official committee of
tort claimants in the Debtors' Chapter 11 cases. The tort
claimants' committee is represented by Robinson & Cole, LLP.
INDY WHOLESALE: Starts Chapter 11 Bankruptcy in Indiana
-------------------------------------------------------
On February 5, 2026, Indy Wholesale Direct LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Indiana. According to court filings, the Debtor reports between
$1 million and $10 million in debt owed to between 1 and 49
creditors.
About Indy Wholesale Direct LLC
Indy Wholesale Direct LLC is an Indiana-based limited liability
company.
Indy Wholesale Direct LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-00575) on February 5,
2026. In its petition, the Debtor reports estimated assets between
$1 million and $10 million and estimated liabilities between $1
million and $10 million.
Honorable Jeffrey J. Graham handles the case.
The Debtor is represented by KC Cohen, Esq., of KC Cohen, Lawyer,
PC.
INSPIRED HEALTH: Gets Interim OK for $35MM Chapter 11 Funding
-------------------------------------------------------------
Ben Zigterman of Law360 Bankruptcy Authority reports that Inspired
Healthcare Capital, a private equity investor focused on senior
living, won interim court approval in Texas for a $35 million
Chapter 11 financing package, with access to $10 million granted on
an emergency basis.
The debtor argued that the financing was essential to cover
payroll, vendor payments, and facility-level expenses while it
works toward a comprehensive restructuring plan. The judge agreed
that short-term funding was necessary to prevent operational
disruptions.
The remaining portion of the financing will be subject to final
approval following notice to creditors and further court review in
the Southern District of Texas, the report states.
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.
JIB FOODS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: JIB Foods Inc.
d/b/a Pete's Restaurant & Brewhouse
2100 Arden Way, Suite 123
Sacramento CA 95825
Business Description: JIB Foods Inc., based in Sacramento,
California, operates in the foodservice industry, managing multiple
restaurants under the brand Pete's Restaurant & Brewhouse and
providing full-service dining and beverage operations across
Northern California.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
Eastern District of California
Case No.: 26-20624
Judge: Hon. Christopher D Jaime
Debtor's Counsel: Galen M. Gentry, Esq.
DOWNEY BRAND LLP
621 Capitol Mall, 18th Floor
Sacramento CA 95814
Tel: (916) 444-1000
E-mail: ggentry@downeybrand.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Inderdeep Bassi in his capacities as CEO
and CFO.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/ZJ5KKOI/JIB_Foods_Inc_dba_Petes_Restaurant__caebke-26-20624__0001.0.pdf?mcid=tGE4TAMA
JIM H. POLLES: Unsecureds to Get Share of Income for 3 Years
------------------------------------------------------------
Jim H. Polles, D.M.D., P.A. filed with the U.S. Bankruptcy Court
for the Southern District of Mississippi a Subchapter V Plan of
Reorganization dated January 29, 2026.
The Debtor is a health care provider of evidence-based dentistry
care, specializing in general, cosmetic, and family dentistry in
the Jackson metropolitan area. The Debtor's top priority is
providing personalized, gentle, and comprehensive oral health care
and support to all of its patients.
The secured debt in this case consists mainly of liens on the
Debtor's equipment and other hard assets, inventory and accounts
receivable. The vast majority of the Debtor's scheduled asset value
is its ongoing customer list of dental practice patients and
goodwill, which are not capable of being monetized except in a sale
of assets. The Debtor has been trying to sell the practice,
pre-petition. Unfortunately, there have not been any buyers to
close.
The Debtor's cash flow has been relatively stable and provides
adequate funds for operating expenses. The Debtor is making efforts
to reduce its expenses and maximize is revenue. The Plan is
feasible. The Debtor has prepared a projected cash flow analysis in
order to determine its projected disposable income over the
three-year life of the Plan.
Class 5 consists of Genera, Unsecured Creditors. General, Unsecured
Creditors will receive the Debtor's projected disposable income
over the three-year life of the Plan. Only Allowed Claims shall be
paid in Class 5.
The Debtor's equity security holders will maintain their ownership
of the Debtor.
The Debtor's means for execution and implementation of the Plan is
from the operation of the Debtor's business.
A full-text copy of the Plan of Reorganization dated January 29,
2026 is available at https://urlcurt.com/u?l=PxRkAe from
PacerMonitor.com at no charge.
Counsel to the Debtor:
Craig M. Geno, Esq.
Christopher J. Steiskal, Sr., Esq.
LAW OFFICES OF GENO AND STEISKAL, PLLC
601 Renaissance Way
Suite A
Ridgeland, MS 39157
Telephone: 601-427-0048
Facsimile: 601-427-0050
Email: cmgeno@cmgenolaw.com
csteiskal@cmgenolaw.com
About Jim H. Polles, D.M.D. P.A.
Jim H. Polles, D.M.D., P.A. is a health care provider of
evidence-based dentistry care.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-02791) on October
31, 2025, with $500,001 to $1 million in assets and liabilities.
Judge Jamie A. Wilson presides over the case.
Craig M. Geno, at the Law Offices Of Craig M. Geno, PLLC, is the
Debtor's legal counsel.
JONES ENTERPRISES: Seeks Chapter 11 Bankruptcy in South Carolina
----------------------------------------------------------------
On February 6, 2026, Jones Enterprise & Investments LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of South Carolina. According to court filings, the Debtor reports
between $100,001 and $1,000,000 in debt, owed to 1–49 creditors.
About Jones Enterprise & Investments LLC
Jones Enterprise & Investments LLC is a privately held limited
liability company engaged in business and investment-related
activities.
Jones Enterprise & Investments LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-00549) on February
6, 2026. In its petition, the Debtor reports estimated assets of
$100,001–$1,000,000 and estimated liabilities of
$100,001–$1,000,000.
Honorable Bankruptcy Judge Elisabetta G.M. Gasparini handles the
case.
The Debtor is represented by Jason Michael Ward, Esq. of Jason Ward
Law, LLC.
KARROW WHITEFISH: Hires Patten Peterman Bekkedahl as Attorney
-------------------------------------------------------------
Karrow Whitefish Investment, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Montana to hire Patten,
Peterman, Bekkedahl & Green, PLLC as its attorneys.
The firm will render these services:
a. prepare the chapter 11 bankruptcy petition and schedules in
consultation with the Applicant;
b. advise on all aspects of the chapter 11 bankruptcy
including but not limited to any operating reports; and
c. negotiate and prepare motions for cash collateral, a
Chapter 11 plan, and other similar services.
The hourly rates of the firm's counsel and staff are:
James A. Patten, Esq. $500
Molly S. Considine, Esq. $400
Diane S. Kephart (Paralegal) $195
Alejandra Martinez (Paralegas) $125
Other attorneys $250 - $500
Other Paralegals $90 - $195
In addition, the firm will seek reimbursement for expenses
incurred.
The firm received a retainer of $32,312 from the Debtor.
James Patten, Esq., a partner at Patten, Peterman, Bekkedahl &
Green, disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.
The firm can be reached through:
James A. Patten, Esq.
Molly S. Considine, Esq.
PATTEN, PETERMAN, BEKKEDAHL & GREEN, PLLC
2817 2nd Avenue North, Ste. 300
P.O. Box 1239
Billings, MT 59103
Telephone: (406) 252-8500
Facsimile: (406) 294-9500
Email: apatten@ppbglaw.com
mconsidine@ppbglaw.com
About Karrow Whitefish Investment, LLC
Karrow Whitefish Investment, LLC is a single asset real estate
company.
Karrow Whitefish Investment, LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. Case No. 26-90021) on January 27,
2026. In its petition, the Debtor reports estimated assets ranging
from $10 million to $50 million and estimated liabilities in the
same range.
Honorable Bankruptcy Judge Benjamin P. Hursh handles the case.
The Debtor is represented by James A. Patten, Esq., of Patten
Peterman Bekkedahl Green PLLC.
KEATON BEACH: Daniel Etlinger Named Subchapter V Trustee
--------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of
Underwood Murray, P.A. as Subchapter V trustee for Keaton Beach
Storage, LLC.
Mr. Etlinger will be paid an hourly fee of $350 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Etlinger declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Daniel E. Etlinger
Underwood Murray, P.A.
100 N. Tampa Street, Suite 2325
Tampa Florida 33602
(813) 540-8401
Email: detlinger@underwoodmurray.com
About Keaton Beach Storage LLC
Keaton Beach Storage, LLC is a registered storage facility in
Perry, Florida, offering outdoor storage and RV campsite spaces
with full utility hookups at its 16960 Beach Road location.
Keaton Beach Storage filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-40043) on
January 28, 2026, listing assets of between $500,000 and $1 million
and liabilities of between $1 million and $10 million. Blanche
Berry, manager, signed the petition.
Byron W. Wright III, Esq., at Bruner Wright, P.A. represents the
Debtor as legal counsel.
KEN'S BAR-B-QUE: Case Summary & Five Unsecured Creditors
--------------------------------------------------------
Debtor: Ken's Bar-B-Que, In.
Ken's Bar-B-Que of Live Oak, Inc.
c/o Judy Bannister
795 SE SR 100
Lake City, FL 32025
Business Description: Ken's Bar-B-Que operates a barbecue
restaurant in Lake City, Florida, serving
smoked meats including pulled pork, ribs,
and smoked turkey.
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
Middle District of Florida
Case No.: 26-00499
Debtor's Counsel: Bryan K. Mickler, Esq.
LAW OFFICES OF MICKLER & MICKLER, LLP
5452 Arlington Expy.
Jacksonville FL 32211
E-mail: bkmickler@planlaw.com
Total Assets: $1,331,545
Total Liabilities: $1,164,824
The petition was signed by Judy Bannister in her capacities as
president and director.
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/S2GJWAY/KENS_BAR-B-QUE_INC__flmbke-26-00499__0001.0.pdf?mcid=tGE4TAMA
KEN'S BAR-B-QUE: Seeks Chapter 11 Bankruptcy in Florida
-------------------------------------------------------
On February 5, 2026, Ken's Bar-B-Que, Inc. filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Middle District of
Florida. According to court filings, the debtor reports liabilities
ranging between $1 million and $10 million and lists 1 to 49
creditors.
About Ken's Bar-B-Que, Inc.
Ken's Bar-B-Que, Inc. is a Florida-based restaurant company engaged
in the food service industry, specializing in barbecue cuisine.
Ken's Bar-B-Que, Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-00499) on February 5, 2026. In
its petition, the debtor reports estimated assets and liabilities
each in the range of $1 million to $10 million.
The case is overseen by Chief Bankruptcy Judge Jacob A. Brown.
The debtor is represented by Bryan K. Mickler, Esq., of Mickler &
Mickler.
LIMA NATION: Owner Abruptly Closes Restaurant in Wichita
--------------------------------------------------------
Denise Neil and Amy Renee Leiker of The Wichita Eagle report that
after operating for just over a year, Lima Nation Peruvian Kitchen
has shut down its Wichita location at 2146 N. Collective Lane. The
closure was announced January 9, 2026 on Facebook, though no reason
was provided at the time.
The owners have since clarified the circumstances. On February 4,
2026, Carlos Barreda filed for Chapter 7 bankruptcy, listing
liabilities of more than $314,000 and assets totaling less than
$24,000. Karo Barreda said the filing was part of a deliberate
effort to wind down operations responsibly, according to report.
In a statement, she explained that the restaurant's closure stemmed
from rising costs and the challenges of maintaining a chef-driven
concept built on high standards and premium ingredients.
"Significant efforts were made to sustain the restaurant and meet
its obligations," she said.
Despite the closure, the Barredas say they are not leaving Wichita.
Carlos Barreda, a Le Cordon Bleu–trained chef with more than 25
years of experience, plans to pursue catering, private dining, and
smaller events going forward.
About Lima Nation Peruvian Kitchen
Lima Nation Peruvian Kitchen was a Wichita-based dining
establishment specializing in Peruvian and Latin American fare. Led
by chef Carlos Barreda, the restaurant featured a diverse menu of
classic and innovative dishes that reflected Peruvian culinary
traditions, welcoming diners until its closure in early 2026.
LINQTO INC: Judge Approves Chapter 11 Plan w/ Stock Deal
--------------------------------------------------------
Clara Geoghegan of Law360 Bankruptcy Authority reports that a U.S.
Bankruptcy Court in Texas Friday confirmed Linqto's Chapter 11
plan, finding that the restructuring proposal enjoyed overwhelming
support from creditors and overruling objections by the defunct
investment platform’s former leader. The judge concluded that the
plan met all required confirmation standards under the Bankruptcy
Code.
During the confirmation hearing, the court addressed concerns about
how various creditor claims would be treated and the plan’s
governance structure, ultimately concluding that the plan complied
with the Bankruptcy Code. Objections from the onetime leader were
considered but did not persuade the court to withhold approval, the
report states.
With the confirmation order entered, Linqto will proceed with
implementing its Chapter 11 plan and undertaking the actions
necessary to conclude the bankruptcy process and address creditor
claims in accordance with the confirmed terms, according to
report.
About Linqto Inc.
Linqto Inc. is a San Jose-based financial technology company
operating in the alternative investment space.
Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The
case is jointly administered with the Chapter 11 cases of Linqto
Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares
Manager, LLC under case number 25-90186. In its petition, Linqto
Inc. reported estimated assets and liabilities between $500 million
and $1 billion.
Judge Alfredo R. Perez oversees the cases.
The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as
legal counsel; Breakpoint Partners, LLC as restructuring advisor;
ThroughCo Communications, LLC as public relations agent; and Epiq
Corporate Restructuring, LLC as claims agent.
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Orrick, Herrington & Sutcliffe, LLP.
Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is
represented by Kristen L. Perry, Esq., at Faegre Drinker Biddle &
Reath, LLP, in Dallas, Texas; Richard J. Bernard, Esq., at Faegre
Drinker Biddle & Reath, LLP, in New York; and Michael R. Stewart,
Esq., and Adam C. Ballinger, Esq., at Faegre Drinker Biddle &
Reath, LLP, in Minneapolis, Minnessota. Sandton may also be reached
through Robert Rice, Esq.
LKM CONVENIENCE: Hires Robert L. Marrero as Bankruptcy Counsel
--------------------------------------------------------------
LKM Convenience LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to hire Robert L. Marrero,
LLC as its legal counsel.
The Debtor requires legal counsel to:
a) give advice concerning questions arising in the
administration of the estate and concerning the Debtor's rights and
remedies with regard to the estate's assets and claims of
creditors;
b) appear for, prosecute, defend, and represent the Debtor's
interests in suits arising in or related to its Chapter 11 case;
c) investigate and prosecute preference and other actions
arising under the Debtor's avoiding powers;
d) assist in the preparation of legal papers and advise the
Debtor in connection with the operation of its business; and
e) present a plan of reorganization.
The firm will charge these hourly fees:
Robert L. Marrero $350
Associates $150
Paralegals $95
The firm received a retainer in the amount of $10,000.
As disclosed in court filings, Robert L. Marrero is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.
The firm can be reached through:
Robert L. Marrero, Esq.
Robert L. Marrero, LLC
401 Whitney Ave., Suite 126
Gretna, LA 70056
Telephone: (504) 366-8025
Facsimile: (504) 366-8026
Email: office@bobmarrero.com
About LKM Convenience LLC
LKM Convenience, LLC, a company in Metairie, La., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No.
26-10083) on January 14, 2026, with $8,500 in assets and $3,456,486
in liabilities.
Judge Meredith S Grabill presides over the case.
Robert L. Marrero, Esq., at Robert L. Marrero, LLC represents the
Debtor as legal counsel.
LLFLEX LLC: Capital Southwest Marks $10.2MM 1L Loan at 22% Off
--------------------------------------------------------------
Capital Southwest Corporation has marked its $10,252,000 loan
extended to LLFLEX LLC to market at $7,996,000 or 78.0% of the
outstanding amount, according to Capital Southwest's Form 10-Q for
the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien Loan
extended to LLFLEX, LLC. The loan accrues interest at a rate of
12.14% per annum (comprised of a SOFR-based floating component plus
applicable spreads). The loan matures on August 14, 2026.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About LLFLEX, LLC
LLFLEX, LLC is a producer of world-class laminated and coated
solutions; consumer packaging, laminated carton board & paper;
lottery tickets and trading cards.
LS INTERIORS: Tarek Kiem of Kiem Law Named Subchapter V Trustee
---------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Tarek Kiem, Esq.,
at Kiem Law, PLLC as Subchapter V trustee for LS Interiors Group,
Inc.
Mr. Kiem 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. Kiem declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Tarek Kiem, Esq.
Kiem Law, PLLC
8461 Lake Worth Road, Suite 114
Lake Worth, FL 33467
Tel: (561) 600-0406
tarek@kiemlaw.com
About LS Interiors Group Inc.
LS Interiors Group, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
26-11143) on January 29, 2026, listing assets of up to $50,000 and
liabilities of $100,001 to $500,000.
Judge Erik P. Kimball presides over the case.
Brian S. Behar, Esq., represents the Debtor as legal counsel.
LUCY COOPER'S: Seek to Employ Langley & Banack as Attorneys
-----------------------------------------------------------
Lucy Cooper's, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to employ Langley & Banack, Inc.
as its attorneys.
The firm will provide these services:
(a) take all necessary action to protect and preserve the estate
of the Debtor, including the prosecution of actions on the Debtor's
behalf, the defense of any action 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;
(b) prepare on behalf of the Debtor all necessary motions,
applications, answers, orders, reports, and papers in connection
with the administration and prosecution of the Debtor's Case;
(c) advise the Debtor in respect of various bankruptcy issues
and other services as requested from time to time; and
(d) perform all other necessary legal services in connection
with the Case.
The firm's current hourly rates are $450 per hour for shareholders
Allen M. DeBard and William R. Davis, Jr., and $125 per hour for
paralegal Stacy M. Foushee. Langley & Banack, Inc. holds
approximately $5,000 as a post-petition retainer and received
$16,000 in pre-petition retainer payments, of which $11,000 was
applied to pre-petition fees and expenses.
According to court filings, Langley & Banack, Inc. does not hold or
represent any interest adverse to the Debtor and is a disinterested
person within the meaning of the Bankruptcy Code, except as
disclosed in the DeBard Affidavit.
The firm can be reached at:
Allen M. DeBard, Esq.
LANGLEY & BANACK, INC.
745 E. Mulberry, Suite 700
San Antonio, TX 78212
Telephone: (210) 736-6600
Facsimile: (210) 735-6889
E-mail: adebard@langleybanack.com
About Lucy Cooper's LLC
Lucy Cooper's, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D. Texas 26-50088) on January 9,
2026, listing between $50,001 and $100,000 in assets and between $1
million and $10 million in liabilities.
Judge Craig A. Gargotta presides over the case.
William R. Davis, Jr., Esq., at Langley & Banack, Inc. represents
the Debtor as legal counsel.
LUMEN TECHNOLOGIES: S&P Raises Senior Unsecured Debt Rating to 'B'
------------------------------------------------------------------
S&P Global Ratings said U.S.-based telecommunications provider
Lumen Technologies Inc. has sold almost all of its Mass Market
segment's fiber-to-the-home (FTTH) broadband business to AT&T Inc.
in a transaction valued at $5.75 billion. With about four million
fiber passings and one million FTTH customers, S&P views Lumen's
consumer business as subscale, given that it only contributes $100
million-$200 million of annual EBITDA to the overall business.
Lumen will use about $4.8 billion of the proceeds to retire all its
super-priority debt, reducing the company's interest expense by
$300 million annually. Its pro forma S&P Global Ratings-adjusted
leverage is in the high-4x area, down from was 5.9x, which includes
one-time expenses, as of the end of the third quarter of 2025.
S&P said, "Because of the debt paydown, we raised our issue-level
rating on Lumen's $1.35 billion senior unsecured notes to ‘B'
from ‘CCC' and the recovery rating to ‘2' from ‘6'. The ‘2'
recovery rating indicates our expectation for substantial (70%-90%;
rounded estimate: 75%) recovery in the event of payment default.
"Our 'B-' issuer credit rating on Lumen is unchanged, given its
large amount of cash on hand to fund its hyperscaler projects.
Despite the near-term reduction in leverage from the transaction,
we expect Lumen's leverage will increase due to declining revenue
and one-time expenses, which we include in our calculation of
EBITDA, as it transitions its business to accommodate hyperscalers
signing contracts to build out their fiber for data transport."
Issue Ratings--Recovery Analysis
Key analytical factors
-- S&P said, "We updated our estimated enterprise value (EV) to
reflect the asset sale. While value declines, the debt repayment
more than offsets it, materially improving our recovery expectation
for Lumen's unsecured notes. After repayment and excluding silo
debt at subsidiaries Quest and Level 3, we expect Lumen's debt
structure to consist of super-priority revolving credit facilities,
unsecured notes, and an unsecured intercompany revolving loan to
Lumen from subsidiary Level 3."
-- S&P said, "We continue to expect very high recovery on Lumen's
super-priority first- and second-out revolving credit facilities.
Our recovery ratings remain unchanged at ‘1', with a rounded
recovery estimate of 95%. Unsecured recoveries are diluted by the
intercompany revolver and Lumen's sizable, underfunded pension
obligations, which we assume convert into unsecured claims pari
passu with the unsecured notes. The notes don't benefit from any
subsidiary guarantees from Quest or Level 3.
-- S&P said, "We estimate gross recovery value of $15.1 billion,
based on emergence EBITDA of approximately $3.0 billion (about 8%
below our previous estimate, as the divested business represents a
modest share of overall EBITDA). We continue to apply a 5x
multiple, reflecting the retentive demand for the company's
services in markets with limited alternatives, partially offset by
the secular pressures."
-- S&P's simulated default scenario contemplates a material
decline in Lumen's revenue due to aggressive competition, higher
churn, and price compression, exacerbated by prolonged economic
weakness, while its enterprise customers shift to less expensive
networking technologies.
Simulated default assumptions
-- Year of default: 2028
-- Emergence EBITDA: $3.0 billion
-- EBITDA multiple: 5.0x
-- Gross EV: $15.1 billion
Simplified waterfall
-- Net EV after administrative expenses (5%): $14.3 billion
-- EV split (Lumen/Qwest/Level 3): 9.5%/40.1%/50.4%
-- Total value at Lumen (including estimated residual equity value
from subsidiaries): $5,140.3 million
-- Lumen's first-out, super-priority revolver claims at default:
$431.2 million
--Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Lumen's second-out, super-priority revolver claims at default:
$413.8 million
--Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Remaining value available to unsecured claims: $4,295.2
million
-- Total unsecured claims at default (including pension
obligations and intercompany unsecured revolving loan): $5,397.3
million
--Recovery expectations: 70%-90% (rounded estimate: 75%)
M&A ASSOCIATES: Seeks Chapter 7 Bankruptcy in New Jersey
--------------------------------------------------------
On February 4, 2026, M&A Associates LLC filed for Chapter 7
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.
About M&A Associates LLC
M&A Associates LLC is a New Jersey-based limited liability company.
M&A Associates LLC sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-11303) on February 4, 2026. In
its petition, the Debtor reports estimated assets in the range of
$0 to $100,000 and estimated liabilities between $100,001 and
$1,000,000.
Honorable Vincent F. Papalia, U.S. Bankruptcy Judge, handles the
case.
The Debtor is represented by Thaddeus R. Maciag, Esq., of Maciag
Law, LLC.
MANNING MECHANICAL: Commences Chapter 11 Bankruptcy in Michigan
---------------------------------------------------------------
On February 4, 2026, Manning Mechanical, LLC filed for Chapter 11
protection in the Eastern District of Michigan. According to court
filings, the Debtor reports between $1MM and $10MM in debt owed to
1-49 creditors.
About Manning Mechanical, LLC
Manning Mechanical, LLC is a mechanical contracting company
providing installation, maintenance, and repair services for
commercial and industrial mechanical systems.
Manning Mechanical, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-41173) on February 4, 2026. In
its petition, the Debtor reports estimated assets in the range of
$100,001-$1,000,000 and estimated liabilities of $1MM-$10MM.
Honorable Bankruptcy Judge Thomas J. Tucker handles the case.
The Debtor is represented by Elliot G. Crowder, Esq. and Ernest
Hassan, Esq., of Stevenson & Bullock, P.L.C.
MAR & MAR: Mark Sharf Named Subchapter V Trustee
------------------------------------------------
The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a
practicing attorney in Los Angeles, as Subchapter V trustee for Mar
& Mar, Corp.
Mr. Sharf will charge $740 per hour for his services as Subchapter
V trustee and $150 per hour for his trustee administrator's
services. In addition, the Subchapter V trustee will seek
reimbursement for work-related expenses incurred.
Mr. Sharf declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Mark Sharf, Esq.
6080 Center Drive, 6th Floor
Los Angeles, CA 90045
Telephone: (323) 612-0202
Email: mark@sharflaw.com
About Mar & Mar Corp.
Mar & Mar, Corp was founded in 2005. The company's line of business
includes the retail sale of new and used motorcycles.
Mar & Mar sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-10257) on
January 28, 2026. In its petition, the Debtor reported assets of
$50,001 to $100,000 and liabilities of $500,001 to $1 million.
Judge Scott C. Clarkson oversees the case.
The Debtor is represented by Steven E. Cowen, Esq., at S.E. Cowen
Law.
MARELLI AUTOMOTIVE: Plan Exclusivity Period Extended to June 15
---------------------------------------------------------------
Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the
District of Delaware extended Marelli Automotive Lighting USA LLC
and affiliates' exclusive periods to file a plan of reorganization
and obtain acceptance thereof to June 15 and August 12, 2026,
respectively.
As shared by Troubled Company Reporter, the Debtors explain that
the worldwide scope of their operations and the complexity of their
capital structure means that the Debtors must navigate a number of
complex issues during the chapter 11 process. The Debtors and their
advisors have spent (and continue to spend) significant amounts of
time coordinating with parties in interest and non-Debtor
affiliates around the world, from navigating the complexities of
operating in 26 countries to addressing the operational overhang
for the Debtors' affiliates resulting from the chapter 11 cases.
The Debtors claim that leading up to and since the Petition Date,
they have made significant progress in negotiating with their
stakeholders and administering these chapter 11 cases, which
warrants a further extension of the Exclusivity Period. The Debtors
commenced these chapter 11 cases with limited liquidity and have
moved expeditiously through these chapter 11 cases and advanced
discussions among the Debtors' key stakeholders regarding global
consensus in these chapter 11 cases.
The Debtors assert that their exclusivity extension request is not
intended to pressure creditors to submit to the Debtors'
restructuring demands but to provide sufficient time for the
Debtors to file and eventually confirm a value-maximizing chapter
11 plan and implement the transactions contemplated thereby without
the disruption and distraction created by competing plan proposals.
Accordingly, the relief requested herein is without prejudice to
the Debtors' creditors and will benefit the Debtors' estates, their
creditors, and all other key parties in interest.
Co-Counsel for the Debtors:
Laura Davis Jones, Esq.
Timothy P. Cairns, Esq.
Edward A. Corma, Esq.
PACHULSKI STANG ZIEHL & JONES LLP
919 North Market Street, 17th Floor
P.O. Box 8705
Wilmington, Delaware 19899 (Courier 19801)
Tel: (302) 652-4100
Fax: (302) 652-4400
Email: ljones@pszjlaw.com
tcairns@pszjlaw.com
ecorma@pszjlaw.com
Co-Counsel for the Debtors:
Joshua A. Sussberg, P.C.
Nicholas M. Adzima, Esq.
Evan Swager, Esq.
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Telephone: (212) 446-4800
Facsimile: (212) 446-4900
Email: joshua.sussberg@kirkland.com
nicholas.adzima@kirkland.com
evan.swager@kirkland.com
- and -
Ross M. Kwasteniet, P.C.
Spencer A. Winters, P.C.
333 West Wolf Point Plaza
Chicago, Illinois 60654
Tel: (312) 862-2000
Fax: (312) 862-2200
Email: ross.kwasteniet@kirkland.com
spencer.winters@kirkland.com
About Marelli Automotive Lighting USA
Marelli Automotive Lighting USA, LLC is a global automotive parts
supplier based in Saitama, Japan. The company designs and
manufactures advanced technologies for leading automakers,
including lighting systems, electronic components, software
solutions, and interior products. Operating in 24 countries with a
workforce of over 46,000, Marelli also collaborates with
motorsports teams and industry partners on high-performance
component development.
Marelli and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11034) on
June 11, 2025. In its petition, Marelli reported between $1 billion
and $10 billion in assets and liabilities.
Judge Brendan Linehan Shannon handles the cases.
The Debtors are represented by Kirkland & Ellis LLP, Kirkland &
Ellis International LLP, and Pachulski Stang Ziehl & Jones LLP.
Alvarez & Marsal North America, LLC is the Debtors' restructuring
advisor. PJT Partners Inc. is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, doing business as Verita Global,
is the Debtors' notice and claims agent.
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Paul Hastings, LLP and Morris James, LLP as legal
counsel and FTI Consulting, Inc. as its financial advisor.
MARQUIE GROUP: CFO Marc Angell Steps Down
-----------------------------------------
Marc Angell has resigned from his positions as Chief Financial
Officer, Treasurer, and Secretary of The Marquie Group, Inc.,
effective January 30, 2026.
Mr. Angell's resignation was not the result of any disagreement
with the Company on any matter relating to the Company's
operations, policies, or practices.
Consistent with the terms agreed under the Company's Purchase
Agreement with GetGolf.com, LLC, the Board approved the
continuation of the Company's relationship with Mr. Angell in a
non-officer, third-party advisory capacity.
Such engagement does not confer officer or employee status, and Mr.
Angell has no authority to bind the Company except as expressly
authorized in writing.
About Marquie Group Inc.
The Marquie Group, Inc. -- www.themarquiegroup.com -- is a publicly
traded company engaged in media, wellness, and consumer lifestyle
products, recently entering into the golf and hospitality industry
through the acquisition of GETGOLF and its wholly owned
subsidiaries, Mountain Brook Golf Club, Apache Creek, and
Stand-by-Golf.
Lagos, Nigeria-based Olayinka Oyebola & Co., the Company's auditor
since 2022, issued a "going concern" qualification in its report
dated Aug. 29, 2025, attached to the Company's Annual Report on
Form 10-K for the fiscal year ended May 31, 2025, citing that the
Company suffered an accumulated deficit of $(14,863,486), net loss
of $(165,456). These matters raise substantial doubt about the
Company's ability to continue as a going concern.
As of November 30, 2025, the Company had $2,859,714 in total
assets, $6,878,915 in total liabilities, and $4,019,201 in total
stockholders' deficit.
MERCURY ACQUISITION: Capital Southwest Marks $12.9M Loan at 16% Off
-------------------------------------------------------------------
Capital Southwest Corporation has marked its $12,957,000 loan
extended to Mercury Acquisition 2021 LLC to market at $10,858,000
or 84% of the outstanding amount, according to Capital Southwest's
Form 10-Q for the fiscal year ended December 31, 2025, filed with
the U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien Loan
extended to Mercury Acquisition 2021 LLC. The loan accrues interest
at a rate of 20.25% per annum. The loan matures on December 7,
2026.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Mercury Acquisition 2021 LLC
Mercury Acquisition 2021, LLC, doing business as Tele-Town Hall,
provides telecommunications equipment. The Company offers text to
online surveys, IVR automated polling, voice broad cast, polling
suite, and video webcast products.
MERCURY ACQUISITION: Capital Southwest Marks $2.9M Loan at 60% Off
------------------------------------------------------------------
Capital Southwest Corporation has marked its $2,927,000 loan
extended to Mercury Acquisition 2021 LLC to market at $1,171,000 or
40% of the outstanding amount, according to Capital Southwest's
Form 10-Q for the fiscal year ended December 31, 2025, filed with
the U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a Second Lien
Loan extended to Mercury Acquisition 2021 LLC. The loan accrues
interest at a rate of 15.25% per annum. The loan matures on Dec. 7,
2026.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Mercury Acquisition 2021 LLC
Mercury Acquisition 2021, LLC, doing business as Tele-Town Hall,
provides telecommunications equipment. The Company offers text to
online surveys, IVR automated polling, voice broad cast, polling
suite, and video webcast products.
MESEARCH MEDIA: Wins Bid to Dismiss Crivella et al. Adversary Case
------------------------------------------------------------------
Judge John C. Melaragno of the U.S. Bankruptcy Court for the
Western District of Pennsylvania will grant MeSearch Media
Technologies Limited and Game Creek Holdings, LLC's motion to
dismiss the adversary proceeding captioned as ARTHUR CRIVELLA and
CRIVELLA HOLDINGS LIMITED, Plaintiffs, v. MESEARCH MEDIA
TECHNOLOGIES LIMITED and GAME CREEK HOLDINGS, LLC, Defendants,
Adversary No. 25-2083-JCM (Bankr. W.D. Pa.).
The Motion seeks dismissal pursuant to Federal Rule of Civil
Procedure 12(b)(6), which is made applicable to an adversary
proceeding in Bankruptcy Court through Federal Rule of Bankruptcy
Procedure 7012(b).
Defendants argue in their Motion that this adversary proceeding
should be dismissed under the doctrines of res judicata and
collateral estoppel since the arguments raised in the Complaint
were finally litigated during the Chapter 11 case.
This Complaint seeks, under 11 U.S.C. Sec. 1144, to revoke the
Order Confirming Plan entered by the Court on May 8, 2025 which
confirmed the Second Amended Chapter 11 Plan of Reorganization of
MeSearch Media Technologies Limited filed by creditor Game Creek
Holdings, LLC Dated March 26, 2025. The Complaint alleges that Game
Creek Holdings, LLC introduced the Declaration of Joseph Lawrence,
filed on March 26, 2025, proffering that $6,500,000 was available
for Plan funding with no intention of actually paying that amount.
Further, the Complaint takes issue with the alleged identity of the
Chief Financial Officer of the Reorganized Debtor, which is
believed to be Oracio Flores, who was formerly an employee of a
separate entity, OWNLocal. Finally, the Complaint protests the fact
that the Reorganized Debtor may have merged with OWNLocal. The
Complaint then summarily concludes that those facts constitute
fraud justifying revocation of the Confirmation Order pursuant to
Sec. 1144.
The Court will not allow the Plaintiffs in this adversary, which
were the exact same Crivella parties that contested confirmation,
to yet again assert identical arguments regarding the Debtor's
relationship with OWNLocal and that Crivella is owed money under
the Plan, when the Plaintiffs have already made these arguments and
lost. Not only was the Plan confirmed despite these assertions, but
the Plaintiffs' appeal of Plan confirmation was also withdrawn.
The Court says the Plaintiffs cannot be permitted to abandon their
failed Plan confirmation arguments and then re-ignite them under
the context of Sec. 1144 fraud. Plaintiffs argue that the alleged
postconfirmation conduct of the Defendant in its failure to fund
and perform under the Plan, having a person affiliated with
OWNLocal serve as CFO, and merging with OWNLocal gives rise to new
causes of action under Sec. 1144. That is not the case. The Court
explains the Complaint involves an identical claim (not confirming
the Plan) and identical issues (allegations of a merger with
OWNLocal and Plan funding and payment of funds to equity security
holders). The Plaintiff has already received a final judgment on
the merits on whether these allegations were material to Plan
confirmation, which the Court found they were not. Therefore, the
Court holds under both the doctrines of res judicata and collateral
estoppel, the Plaintiffs are precluded from raising these identical
issues and the identical claim that the Plan should not be
confirmed.
Even if all of the allegations in the Complaint were proven to be
true, the Court says they fail to state a claim under Sec. 1144
that the Confirmation Order was procured by fraud. The Court finds
the Defendants did not misrepresent any information to the Court or
creditors in order to secure the Confirmation Order. The Court has
already heard ample testimony on this issue in determining the Plan
was not filed in bad faith and that same testimony nullifies the
Plaintiffs' arguments that the Confirmation Order was procured by
fraud. In this Court's Memorandum Opinion on confirmation, the
Court found that Lawrence's contact with OWNLocal was intended to
create future opportunities for the Debtor, which is exactly what a
Debtor in bankruptcy should be doing. The Court noted that there
was nothing concrete about the relationship between the Debtor and
OWNLocal at that time. The fact that the Reorganized Debtor may
have hired a former employee of OWNLocal as its CFO post
confirmation does not change this fact and does not evidence
fraud.
For these reasons, the Court will not revoke the confirmation order
and will grant the Defendants' Motion to Dismiss.
A copy of the Court's Memorandum Opinion dated February 3, 2026, is
available at http://urlcurt.com/u?l=7jUz93from PacerMonitor.com.
About MeSearch Media Technologies
RMS Funding Company, LLC, Game Creek Holdings, LLC and Trib Total
Media, LLC filed an involuntary Chapter 11 petition against
MeSearch Media Technologies Limited (Bankr. W.D. Pa. Case No.
24-21982) on August 13, 2024. Kirk B. Burkley, Esq., at
Bernstein-Burkley, P.C. represents the petitioning creditors in
MeSearch's bankruptcy case.
Judge John C. Melaragno oversees the case.
David L. Fuchs, Esq., at Fuchs Law Office, LLC, serves as the
Debtor's counsel.
MII AVIATION: Seeks Chapter 11 Bankruptcy in Delaware
-----------------------------------------------------
On February 1, 2026, MII Aviation Services LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of
Delaware. According to court filings, the debtor reports between
$10 million and $50 million in debt owed to between 1 and 49
creditors.
About MII Aviation Services LLC
MII Aviation Services LLC is an aviation services company that
provides aircraft maintenance, repair, and related technical
support services to commercial and private aviation clients.
The company sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. Case No. 26-10123) on February 1, 2026. In its
petition, the debtor reported estimated assets between $1 million
and $10 million and estimated liabilities ranging from $10 million
to $50 million.
Honorable Bankruptcy Judge Laurie Selber Silverstein handles the
case.
The Debtor is represented by Mark L. Desgrosseilliers, Esq. of
CHIPMAN BROWN CICERO & COLE, LLP.
MISTER CAR: Moody's Affirms 'B2' CFR & Alters Outlook to Positive
-----------------------------------------------------------------
Moody's Ratings changed Mister Car Wash Holdings, Inc.'s (Mister
Car Wash) outlook to positive from stable. At the same time,
Moody's affirmed Mister Car Wash's B2 corporate family rating,
B2-PD probability of default rating and the B2 ratings on the
backed senior secured first lien revolving credit facility due 2029
and the backed senior secured first lien term loan due 2031. The
SGL-2 speculative grade liquidity rating ("SGL") remains
unchanged.
The change in outlook to positive reflects Mister Car Wash's
improving operating performance with positive same store sales
growth, continued growth in its club membership count and improving
EBITDA margin. The positive outlook also considers Mister Car
Wash's voluntary $92 million term loan repayment over the
twelve-month period ended September 2025. As a result, Mister Car
Wash's debt/EBITDA has improved to 4.3x as of the twelve-month
period ended September 2025 from 4.8x as of the year ended 2024
while EBITA/interest has improved to 2.0x from 1.8x during the same
period. Over the next 12-18 months, Moody's expects debt/EBITDA to
approach 4.0x and EBITA/interest to improve to around 2.2x on the
back of continued EBITDA growth from existing and new greenfield
locations, economies of scale and an increase in membership count.
RATINGS RATIONALE
Mister Car Wash's B2 CFR reflects its scale and leading position in
the highly-fragmented US car wash marketplace, high level of
recurring revenue from its wash club program and its successful
history of growth through greenfield expansion and acquisitions.
The rating is also supported by Mister Car Wash's solid operating
performance despite a challenging consumer environment as well as
good liquidity. Moody's expects that Mister Car Wash will continue
to grow primarily through greenfield development as well as modest
tuck-in acquisitions. The B2 CFR also reflects the risk posed by a
majority ownership by a private equity firm that can result in
financial strategy decisions that favor shareholders over
creditors. The company is also reliant on the sale-leaseback market
to fund a portion of its capital spend. However, since its initial
public offering, Mister Car Wash has reduced its debt levels and
maintained a more moderate level of leverage.
The SGL-2 speculative grade liquidity rating reflects Mister Car
Wash's good liquidity supported by its full availability on its
$300 million revolving credit facility and a cash balance of $36
million as of September 2025. It also reflects the company's use of
sale leasebacks as a strategy to fund its growth capital spend. The
company targets 25-35 new locations annually and there could be a
lag between cash inflows from sale lease backs and growth capital
spend, which can make the company more reliant on its revolving
credit facility. Mister Car Wash has no near-term maturities with
its revolving credit facility expiring March 2029 and the senior
secured first lien term loan maturing March 2031.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Ratings could be upgraded if debt/EBITDA is sustained below 5x and
EBITA/interest is sustained above 2.25x while maintaining at least
good liquidity and a financial policy that balances shareholder and
creditor interests.
Factors for a downgrade include debt-funded dividends or
acquisitions such that debt/EBITDA approaches 6.5x or if
EBITA/interest falls below 1.5x, as well as a weakening of
liquidity.
Headquartered in Tucson, Arizona, Mister Car Wash Holdings, Inc. is
the largest operator of car washes in North America, operating 527
car wash locations across 21 states in the US. The company
generated over $1 billion in revenue during the twelve-month period
ended September 2025. Following the company's June 2021 IPO, its
sponsor, Leonard Green & Partners, L.P. remains the majority
owner.
The principal methodology used in these ratings was Retail and
Apparel published in September 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.
MORAN FOODS: Guggenheim Marks $1.9MM Loan at 77.1% Off
------------------------------------------------------
Guggenheim Strategic Opportunities Fund has marked its $1,905,848
loan extended to Moran Foods LLC to market at $435,772 or 22.9% of
the outstanding amount, according to Guggenheim's Form N-CSR for
the fiscal year ended November 30, 2025, filed with the U.S.
Securities and Exchange Commission.
Guggenheim Strategic Opportunities Fund is a participant in a
Senior Loan extended to Moran Foods LLC. The loan accrues interest
at a rate of 11.35% per annum. The loan matures on June 30, 2026.
Guggenheim Strategic Opportunities Fund was organized as a Delaware
statutory trust on November 13, 2006. The Fund's investment
objective is to maximize total return through a combination of
current income and capital appreciation. The Fund's investment
objective is considered fundamental and may not be changed without
shareholder approval.
The Fund is led by Brian E. Binder as President and Chief Executive
Officer (Principal Executive Officer) and James Howley as Chief
Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial and Accounting Officer).
The Fund can be reached at:
Brian E. Binder
Guggenheim Strategic Opportunities Fund
227 West Monroe Street
Chicago, IL 60606
Telephone: (312) 827-0100
About Moran Foods LLC
Moran Foods LLC, based in Missouri, is a major wholesale grocery
distributor and the primary supplier for Save-A-Lot stores.
MORE THAN PLUMBING: Employs Schafer and Weiner as Legal Counsel
---------------------------------------------------------------
More Than Plumbing, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire Schafer and
Weiner, PLLC to serve as legal counsel.
The firm will provide these services:
(a) give the Debtor and Debtor-in-Possession legal advice with
respect to its powers and duties in these proceedings;
(b) prepare on behalf of the Debtor and Debtor-in-Possession the
necessary applications, answers, orders, reports and other legal
papers;
(c) perform all other legal services for the Debtor and
Debtor-in-Possession which may be necessary herein; and
(d) represent the Debtor in any adversary proceeding and all other
matters as it relates to the Chapter 11 proceedings.
The attorneys' hourly rates range from $275 to $735, and the rate
for Legal Assistants/Law Clerks is $185.
Schafer and Weiner, 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:
Kim K. Hillary, Esq.
SCHAFER AND WEINER, PLLC
40950 Woodward Avenue, Suite 100
Bloomfield Hills, MI 48304
Telephone: (248) 540-3340
E-mail: khillary@schaferandweiner.com
About More Than Plumbing LLC
More Than Plumbing, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-51252) on November
5, 2025.
At the time of the filing, Debtor had estimated assets of between
$0 to $50,000 and liabilities of between $1,000,001 to $10
million.
Judge Thomas J. Tucker oversees the case.
Schafer and Weiner, PLLC is Debtor's legal counsel.
MULTI-COLOR CORP: Hires Kirkland, Cole Schotz for Chap. 11 Help
---------------------------------------------------------------
Ben Zigterman of Law360 Bankruptcy Authority reports that
Georgia-based retail label manufacturer Multi-Color Corp. has
tapped Kirkland & Ellis LLP and Cole Schotz PC to lead its Chapter
11 bankruptcy proceedings in New Jersey as it looks to shed roughly
$3.9 billion in debt.
According to bankruptcy court documents, the legal teams will
represent the debtor in restructuring talks with creditors and in
navigating court approval of key aspects of the reorganization. The
company plans to remain operational during the case.
Multi-Color's bankruptcy comes after years of expansion fueled by
acquisitions that left it heavily leveraged. The Chapter 11 process
is intended to rightsize the company's balance sheet and position
it for long-term stability, the report states.
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 claims
agent.
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.
MULTI-COLOR CORP: Taps Kurtzman Carson as Claims Agent
------------------------------------------------------
Multi-Color Corp. seeks court approval from the United States
Bankruptcy Court for the District of New Jersey to employ Kurtzman
Carson Consultants, LLC dba Verita Global to serve as claims and
noticing agent.
The firm will provide these services:
(a) prepare and serve required notices and documents in the
chapter 11 cases in accordance with the Bankruptcy Code and
Bankruptcy Rules;
(b) maintain official copies of the Debtors' schedules of assets
and liabilities and statements of financial affairs;
(c) maintain creditor, equity holder, and party-in-interest
mailing lists;
(d) furnish notices and customized proofs of claim;
(e) maintain a post office box or address for receiving claims
and returned mail;
(f) prepare and file affidavits or certificates of service;
(g) maintain an electronic platform for filing proofs of claim;
(h) process and maintain original proofs of claim;
(i) maintain the official claims registers;
(j) provide public access to the claims registers;
(k) implement security measures for claims data;
(l) record and monitor transfers of claims;
(m) file quarterly updated claims registers;
(n) relocate proofs of claim to Verita's offices;
(o) provide claims registers to the Clerk upon request;
(p) monitor the Court's docket for claims-related pleadings;
(q) identify and correct incomplete or incorrect addresses;
(r) assist in dissemination of information to the public;
(s) request entry of an order dismissing Verita prior to case
closure;
(t) provide final claims registers upon closing of the cases;
(u) docket final claims registers in jointly administered cases;
and
(v) coordinate with the Clerk upon conversion of the cases to
chapter.
Verita agrees to charge and the Company agrees to pay Verita for
its services at the rates and prices set by Verita that are in
effect as of the date of this Agreement and in accordance with the
Verita Fee Structure. Verita's prices are generally adjusted
periodically to reflect changes in the business and economic
environment and are inclusive of all charges. Verita reserves the
right to reasonably increase its prices, charges and rates;
provided, however, any such increase shall not exceed 10% during
the term of this Agreement.
Kurtzman Carson Consultants, LLC dba Verita Global represents that
it 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:
Evan Gershbein
Kurtzman Carson Consultants, LLC dba Verita Global
222 N. Pacific Coast Highway, 3rd Floor
El Segundo, CA 90245
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 claims agent.
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.
MULTI-COLOR CORP: To Seek Plan Confirmation on March 17
-------------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey granted the motion of Multi-Color
Corporation and its affiliated debtors for entry of an order:
(a) scheduling the Combined Hearing on the adequacy of the
Disclosure Statement and confirmation of the Plan,
(b) conditionally approving the Disclosure Statement as
containing adequate information,
(c) establishing related dates and deadlines, including the
Objection Deadline, and approving related procedures,
(d) approving the Solicitation Procedures,
(e) approving the Solicitation Packages,
(f) approving the form and manner of the Combined Hearing Notice
and the Publication Notice,
(g) approving the form and manner of the Ballots;
(h) directing that the U.S. Trustee not convene a Creditors'
Meeting under section 341(e) of the Bankruptcy Code and
conditionally waiving the requirement that the Debtors file
Schedules, SOFAs, and 2015 Reports,
(i) allowing the notice period for the Combined Hearing to run
simultaneously,
(j) granting related relief.
The Disclosure Statement is conditionally approved as providing
Holders of Claims entitled to vote on the Plan with adequate
information to make an informed judgment as to whether to vote to
accept or reject the Plan in accordance with section 1125(a)(1) of
the Bankruptcy Code and its use in the Debtors' solicitation of
acceptances of the Plan is approved, without prejudice to any
objections that may be raised by any party with standing at the
Combined Hearing.
The following Confirmation Schedule is approved in its entirety
(subject to modification as necessary):
Initial Plan Supplement Deadline - Seven calendar days prior
to the Objection Deadline (on or about February 24, 2026)
Voting Deadline and Objection Deadline - March 3, 2026, at
5:00 p.m., prevailing Eastern Time
Deadline to File Confirmation Brief and Reply - No less than
four (4) calendar days prior to the Combined Hearing pursuant to
Local Rule 9013-2, at 5:00 p.m., prevailing Eastern Time
Deadline to File Voting Report - Three (3) calendar days prior
to the Combined Hearing pursuant to Local Rule 3018-1
Combined Hearing - March 17, 2026, subject to Court
availability
As shared by the Troubled Company Reporter, Multi-Color Corporation
commenced prepackaged Chapter 11 cases in the United States
Bankruptcy Court for the District of New Jersey in order to
implement a restructuring support agreement (the "RSA") that will
recapitalize the Company and fundamentally reset the balance
sheet.
Founded in 1916 in Cincinnati, Ohio as Franklin Development
Company, the Company has conceived and created labels for some of
the world's most iconic brands over the past century. Now
headquartered in Atlanta, Georgia, MCC commands a global presence
across more than 25 countries with over 90 total facilities --
including 39 facilities in North America -- and employs 12,800
individuals worldwide, with 4,870 in the United States.
Given expected revenue decline at the Company through FY2026, the
mismatch of cash flows currently generated by the business to its
funded debt obligations, and certain near-term maturities on such
funded debt obligations, the Debtors have proactively approached
holders of their funded debt obligations along with other key
stakeholders regarding potential strategic and financial
alternatives. To that end, starting around September 2025, MCC
commenced discussions with its secured and unsecured creditors, as
well as Clayton, Dubilier & Rice, LLC ("CD&R"), in its capacity as
both a secured and unsecured creditor, equity sponsor, and,
potentially, a new money plan sponsor, concerning one or more
potential transactions.
By late October 2025, the holders of MCC's funded debt had formed
three groups: (i) a group of MCC's ABL Lenders; (ii) a group
consisting primarily of MCC's secured first lien debt holders (the
"Secured Ad Hoc Group"); and (iii) a group consisting primarily of
MCC's unsecured noteholders (the "Crossover Ad Hoc Group").
Shortly before the Chapter 11 filing, the RSA was entered into with
holders of approximately 72% in amount of MCC's secured first lien
debt and its equity sponsor, CD&R, on the terms of a comprehensive
financial restructuring.
The transactions contemplated by the RSA will significantly
deleverage MCC's balance sheet, reducing its net debt load from
$5.9 billion to approximately $2.0 billion. The Company's
annualized cash interest will also be reduced from approximately
$475 million to $140 million in 2026, a reduction of over $330
million, with long-term debt maturities extended to 2033 following
consummation of the restructuring transactions.
Additionally, the RSA provides for an $889 million new common and
preferred equity investment that will support long-term growth and
investment. Upon emergence, MCC will have more than $500 million of
liquidity.
Importantly, the RSA provides for $250 million of new money
debtor-in-possession financing to capitalize the business
throughout the prepackaged Chapter 11 process. Subject to the
Court's approval, the Company anticipates this financing, together
with the Company's available cash and cash flow from operations,
will allow the business to continue operating in the ordinary
course during the restructuring without impacting trade creditors,
customers, employees, vendors, or suppliers and will allow the
Company to honor its commitments to strategic partners.
The Plan provides for a $3.9 billion reduction of net debt of the
business -- a benefit not achievable through any of the
alternatives available to the Company in the months preceding the
chapter 11 filing. The Plan additionally contemplates (i) adequate
capitalization for the go-forward business with over $550 million
of liquidity at closing, (ii) cash savings of approximately $350
million in debt service obligations on an annual basis, and (iii) a
seven-year maturity runway on the New Debt issued under the Plan.
According to the Debtors, the Plan additionally provides the
business with approximately $889 million in new money, and leaves
unimpaired all general unsecured creditors, encompassing all trade,
customer, employee, vendor, and supplier claims. Moreover, the
immediate infusion of liquidity provided by the DIP Facility will
send a positive message to the Company's unsecured trade creditors
and employees, each of which are crucial to the continued success
of the business.
A copy of the Court's Order dated February 2, 2026, is available at
http://urlcurt.com/u?l=lLjXXAfrom PacerMonitor.com.
Proposed Co-Counsel to the Debtors and Debtors in Possession:
Steven N. Serajeddini, Esq.
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, NY 10022
Telephone: (212) 446-4800
Facsimile: (212) 446-4900
Email: steven.serajeddini@kirkland.com
- and -
Rachael M. Bentley, Esq.
Peter A. Candel, Esq.
Ashley L. Surinak, Esq.
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
333 West Wolf Point Plaza
Chicago, IL 60654
Telephone: (312) 862-2000
Facsimile: (312) 862-2200
Email: rachael.bentley@kirkland.com
peter.candel@kirkland.com
ashley.surinak@kirkland.com
- and -
Michael D. Sirota, Esq.
Warren A. Usatine, Esq.
Felice R. Yudkin, Esq.
COLE SCHOTZ P.C.
Court Plaza North, 25 Main Street
Hackensack, NJ 07601
Telephone: (201) 489-3000
Email: msirota@coleschotz.com
wusatine@coleschotz.com
fyudkin@coleschotz.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 claims
agent.
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.
Jones Day represents the Crossover Ad Hoc Group.
MULTI-COLOR CORP: Unsecureds Unimpaired in Prepackaged Plan
-----------------------------------------------------------
Multi-Color Corporation and its Debtor Affiliates filed with the
U.S. Bankruptcy Court for the District of New Jersey a Disclosure
Statement relating to the Joint Prepackaged Plan of Reorganization
dated January 29, 2026.
MCC is the leading global manufacturer in prime (i.e., the primary
label on any product intended to showcase the product and
underlying brand) label solutions, providing customers with
customized labeling and high impact brand support.
In the days preceding the filing of these Chapter 11 Cases, the
Debtors and their advisors were able to resolve certain material
outstanding terms between the Secured Ad Hoc Group and CD&R and
achieved consensus with a diverse group of stakeholders. To that
end, on January 25, 2026, the Debtors, the Consenting First Lien
Lenders (comprised of the Secured Ad Hoc Group), and CD&R (in its
capacities as a funded debt holder, as current equity sponsor, the
"Sponsor," and, pursuant to certain new money equity injections to
be provided pursuant to the Plan, the "Plan Sponsor") executed the
Restructuring Support Agreement, pursuant to which the Debtors will
effectuate the recapitalization transactions through "prepackaged"
Chapter 11 Cases.
The Restructuring Support Agreement provides for up to a $657.5
million DIP financing facility comprised of (a) $250 million of new
money commitments, (b) a 1:1 "roll-up" of First Lien Secured Claims
with respect to the funding in clause (a), (c) a $7.5 million DIP
Backstop Premium, and (d) up to $150 million in incremental new
money loans with no related economics (except for principal) or
"roll-up." The Restructuring Support Agreement enjoys the support
of the (i) Consenting First Lien Lenders, which hold, in the
aggregate, approximately (x) 72.3% percent in principal of the
obligations under the Cash Flow Revolving Facility, the U.S. Term
Loan Facility, the European Term Loan Facility, and the Secured
Notes, (ii) the Sponsor, and (iii) the Plan Sponsor.
The Plan additionally provides the business with approximately $889
million in new money, and leaves unimpaired all general unsecured
creditors, encompassing all trade, customer, employee, vendor, and
supplier claims. Moreover, the immediate infusion of liquidity
provided by the DIP Facility will send a positive message to the
Company's unsecured creditors, who are crucial to the continued
success of the business. The importance of this immediate liquidity
infusion, and the message it sends, cannot be overstated as the
Company pursues its robust operational and commercial turnaround
plan to win back customers lost in the preceding years.
The DIP Facility is the product of robust, arm's-length
negotiations, fulfills the Debtors' restructuring goals, and
overall is the best source of financing available to the Debtors.
Accordingly, the Debtors are determined to move forward with the
DIP Facility in a sound exercise of their business judgment. With
this essential funding in hand in the coming days, the Debtors will
be able to pursue the transactions contemplated by the
Restructuring Support Agreement and emerge with substantially
reduced leverage and the ability to continue as a going concern.
Class 6 consists of all Allowed General Unsecured Claims against
any Debtor. Each Holder of an Allowed General Unsecured Claim shall
receive, in full and final satisfaction of such General Unsecured
Claim, either:
* Reinstatement of such Allowed General Unsecured Claim
pursuant to section 1124 of the Bankruptcy Code; or
* such other treatment rendering such Allowed General
Unsecured Claim unimpaired in accordance with section 1124 of the
Bankruptcy Code.
Class 6 is Unimpaired under this Plan. Holders of Allowed General
Unsecured Claims are conclusively presumed to have accepted this
Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore,
such Holders are not entitled to vote to accept or reject this
Plan.
The Debtors and the Reorganized Debtors, as applicable, shall fund
distributions under this Plan with: (1) the Debtors' Cash on hand
as of the Effective Date; (2) the New Debt; (3) the New ABL
Facility; (4) New Common Equity, including the proceeds of the Plan
Sponsor Equity Investment; and (5) the New Preferred Equity,
including the proceeds of the New Preferred Equity Investment.
Each distribution and issuance referred to in Article VI of the
Plan shall be governed by the terms and conditions set forth in
this Plan applicable to such distribution or issuance and by the
terms and conditions of the instruments or other documents
evidencing or relating to such distribution or issuance, which
terms and conditions shall bind each Entity receiving such
distribution or issuance. The issuance, distribution, or
authorization, as applicable, of certain Securities in connection
with this Plan, including the New Equity Interests, will be exempt
from registration under the Securities Act.
A full-text copy of the Disclosure Statement dated January 29, 2026
is available at https://urlcurt.com/u?l=zAFtf4 from
PacerMonitor.com at no charge.
Proposed Co-Counsel for 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 for the Debtors:
Steven N. Serajeddini, P.C.
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
AND
Rachael M. Bentley, Esq.
Peter A. Candel, Esq.
Ashley L. Surinak, 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: rachael.bentley@kirkland.com
peter.candel@kirkland.com
ashley.surinak@kirkland.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 claims
agent.
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.
NELSON LINEAS: Diana Torres-Cancel Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Diana Torres-Cancel as
Subchapter V trustee for Nelson Lineas de Puerto Rico, Inc.
Ms. Torres-Cancel will be paid an hourly fee of $150 for her
services as Subchapter V trustee and will be reimbursed for work
related expenses incurred. A retainer of $2,000 is requested.
Ms. Torres-Cancel declared that she is a disinterested person
according to Section 101(14) of the Bankruptcy Code.
About Nelson Lineas de Puerto Rico Inc.
Nelson Lineas de Puerto Rico, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00298) on
January 29, 2026, listing assets of between $100,001 and $500,000
and liabilities of between $1 million and $10 million.
Nelson Robles Diaz, Esq., at Nelson Robles Diaz Law Offices Psc
represents the Debtor as bankruptcy counsel.
NEO ASSETS: Hires Farsad Law Office PC as Bankruptcy Counsel
------------------------------------------------------------
NEO Assets, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to hire Farsad Law Office, P.C.
as its general bankruptcy counsel.
The firm's services include:
a. advising the Debtor on bankruptcy duties, strategy, and
compliance;
b. preparing and filing schedules, statements, pleadings, and
the reorganization plan;
c. representing the Debtor at hearings, in negotiations with
creditors, and before the U.S. Trustee; and
d. drafting and responding to motions, objections, and
applications as required.
The firm's rates are:
Arasto Farsad (Partner) $400/hour
Nancy Weng (Partner) $400/hour
Paralegals $150/hour
Out-of-pocket costs (e.g., filing fees, postage, copies, PACER,
etc.) will be billed at actual or standard rates.
As disclosed in the court filings, Farsad Law Office, P.C. does not
hold or represent any interest adverse to the estate; is a
"disinterested person" within the meaning of 11 U.S.C. Sec.
101(14); and has no connections with the Debtor, creditors, the
U.S. Trustee, or other interested parties.
The firm can be reached through:
Arasto Farsad, Esq.
Farsad Law Office, P.C.
1625 The Alameda, Suite 525
San Jose, CA 95126
Telephone: (408) 641-9966
Facsimile: (408) 866-7334
Email: af@farsadlaw.com
About NEO Assets LLC
NEO Assets, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50015) on January 6,
2026. In the petition signed by Lucy Cai, authorized
representative, the Debtor disclosed up to $50 million in both
assets and liabilities.
Judge Stephen L. Johnson oversees the case.
Arasto Farsad, Esq., at Farsad Law Office, P.C., represents the
Debtor as legal counsel.
NEW PROVIDENCE: Tarek Kiem of Kiem Law Named Subchapter V Trustee
-----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Tarek Kiem, Esq.,
at Kiem Law, PLLC as Subchapter V trustee for New Providence
Development Corporation.
Mr. Kiem 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. Kiem declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Tarek Kiem, Esq.
Kiem Law, PLLC
8461 Lake Worth Road, Suite 114
Lake Worth, FL 33467
Tel: (561) 600-0406
tarek@kiemlaw.com
About New Providence Development Corporation
New Providence Development Corporation sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No.
26-11252) on January 30, 2026, with $1 million to $10 million in
assets and $500,000 to $1 million in liabilities. Desiree Faulkner,
president, signed the petition.
Joe M. Grant, Esq., at Lorium Law represents the Debtor as
bankruptcy counsel.
NEWKIRK LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Newkirk Logistics, Inc.
PO Box 1089
Grapevine, TX 76099
Business Description: Newkirk Logistics, Inc., a
Texas-based corporation with Subchapter S status, operates a
nationwide trucking and logistics business, providing air freight,
domestic transportation, warehousing and distribution, supply chain
and fulfillment services, shipment tracking, and cross-docking
using both owned and contracted assets. The company serves a
diverse range of clients across the United States, including the
automotive, high-tech, e-commerce, retail and consumer, heavy
manufacturing, oil and gas, and healthcare sectors. It leverages
an extensive network of transportation and third-party logistics
partners to support its operations.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
Northern District of Texas
Case No.: 26-40551
Debtor's Counsel: Robert A. Simon, Esq.
WHITAKER CHALK SWINDLE AND SCHWARTZ
301 Commerce St. Ste 3500
Fort Worth, TX 76102
Tel: 817-878-0500
E-mail: rsimon@whitakerchalk.com
Total Assets: $1,375,992
Total Liabilities: $4,244,200
The petition was signed by Barry Newkirk as president.
A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free on PacerMonitor at:
https://www.pacermonitor.com/view/BMDCJMI/Newkirk_Logistics_Inc__txnbke-26-40551__0002.0.pdf?mcid=tGE4TAMA
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/7GBZW4I/Newkirk_Logistics_Inc__txnbke-26-40551__0001.0.pdf?mcid=tGE4TAMA
NIKOLA CORP: 9th Circuit Rejects Founder’s Appeal
---------------------------------------------------
Angelica Serrano-Roman of Bloomberg Law reports that the Ninth
Circuit on Thursday, February 5, 2026, upheld a $167 million
arbitration award against Nikola Corp. founder Trevor Milton,
rejecting his challenge to a ruling tied to penalties imposed by
the U.S. Securities and Exchange Commission.
The court concluded that Milton failed to meet the narrow standards
required to overturn an arbitration award under the Federal
Arbitration Act. The panel said Milton's arguments effectively
asked the court to revisit the arbitrators' factual determinations,
which is not a valid basis for vacatur, the report states.
In a memorandum decision, Judges Callahan, Owens, and Friedland
said Milton's assertion that arbitrators ignored the burden of
proof for causation was simply a disagreement with how they
assessed the facts. The panel added that Delaware law applies a
relatively flexible causation standard in fiduciary duty cases.
The award followed findings that Milton's exaggerated public
statements as CEO caused substantial harm to Nikola, including a
$125 million SEC fine and $46 million in legal fees, with
arbitrators assigning Milton responsibility for roughly 97% of the
losses. Milton is also appealing a Delaware bankruptcy court ruling
that effectively eliminated his recovery prospects in Nikola’s
Chapter 11 case, according to Bloomberg.
About Nikola Corp.
Nikola Corporation and affiliates specialize in the design and
manufacture of zero-emissions commercial vehicles, including
battery-electric and hydrogen fuel cell trucks. The companies
operate in two business units: Truck and Energy. The Truck business
unit is commercializing heavy-duty commercial hydrogen-electric
(FCEV) and battery-electric (BEV) Class 8 trucks that provide
environmentally friendly, cost-effective solutions to the short,
medium and long-haul trucking sectors. The Energy business unit is
developing hydrogen fueling infrastructure to support FCEV trucks
covering supply, distribution and dispensing. Founded in 2015,
Nikola is headquartered in Phoenix, Ariz.
Nikola and nine of its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-10258)
on February 19, 2025. In the petitions, the Debtors reported total
assets as of Jan. 31, 2025 of $878,094,000 and total debts as of
Jan. 31, 2025 of $468,961,000.
Bankruptcy Judge Thomas M. Horan handles the cases.
Potter Anderson & Corroon LLP serves as general bankruptcy counsel
to the Debtors, and Pillsbury Winthrop Shaw Pittman LLP serves as
bankruptcy co-counsel. Houlihan Lokey Capital, Inc. acts as
investment banker to the Debtors; M3 Advisory Partners LP acts as
financial advisor to the Debtors; while EPIQ Corporate
Restructuring LLC is the Debtors' claims and noticing agent.
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Morrison & Foerster LLP and Morris James, LLP as
legal counsels; Ducera Securities, LLC as investment banker; and
FTI Consulting, Inc. as financial advisor.
NINE ENERGY: Taps Kane Russel, Kirkland as Restructuring Counsel
----------------------------------------------------------------
Emlyn Cameron of Law360 Bankruptcy Authority reports that oilfield
service provider Nine Energy Services has retained Kane Russell
Coleman Logan PC and Kirkland & Ellis LLP to serve as restructuring
counsel in the Chapter 11 bankruptcy case it launched this week.
The firms were approved to assist the debtor with legal matters
related to its reorganization, including creditor negotiations and
financing arrangements, as Nine Energy seeks court protection to
reorganize its financial affairs, according to report.
Nine Energy's filing reflects broader pressures facing oilfield
services companies, including volatile demand and constrained
liquidity. The company has said the restructuring is designed to
allow it to continue serving customers while working toward a more
stable capital structure, Law360 reports.
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. White Oak Commercial Finance, LLC, as
DIP Agent, is advised by Paul Hastings LLP as legal counsel and
Blake, Cassels & Graydon LLP, as Canadian counsel.
NINETEEN27 SMORES: Seeks Chapter 7 Bankruptcy in Oregon
-------------------------------------------------------
On February 3, 2026, Nineteen27 Smores LLC filed for Chapter 7
protection in the U.S. Bankruptcy Court for the District of Oregon.
According to court filings, the Debtor reports between $100,001 and
$1,000,000 in debt owed to 1–49 creditors.
About Nineteen27 Smores LLC
Nineteen27 Smores LLC is a limited liability company.
Nineteen27 Smores LLC sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. D. Or. Case No. 26-30363) on February 3,
2026. In its petition, the Debtor reports estimated assets of
$0–$100,000 and estimated liabilities ranging from $100,001 to
$1,000,000.
Honorable Bankruptcy Judge Peter C. McKittrick handles the case.
The Debtor is represented by Theodore J. Piteo, Esq. of Michael D.
O’Brien & Associates, P.C.
OFFICE PROPERTIES: Gets Final OK to Obtain DIP Financing
--------------------------------------------------------
Office Properties Income (OPI) Trust and its affiliates received
final approval from the U.S. Bankruptcy Court for the Southern
District of Texas to obtain debtor-in-possession financing to get
through bankruptcy.
The final order, signed by Judge Christopher Lopez, authorized the
Debtors to obtain a multiple draw secured term loan credit facility
in the aggregate principal amount of $125 million. An initial
borrowing of $10 million was made available following entry of the
interim order in November last year, with the remaining commitments
in the amount of $115 million to be made available after entry of
the final order.
Proceeds of the DIP facility will be used to fund the Debtors'
working capital and general corporate needs, transaction costs and
professional fees, and other costs and expenses of administering
the Chapter 11 cases in accordance with an approved budget and the
DIP Credit Agreement.
As protection, the DIP lenders will be granted valid, binding,
enforceable, continuing, non-avoidable, and automatically and
properly perfected security interests and liens on assets securing
the DIP loans and an allowed superpriority administrative expense
claim.
The DIP facility matures on the earliest to occur of:
(a) The date that is 185 days after the petition date, as such
date may be extended by the September 2029 Ad Hoc Group SteerCo;
(b) The effective date of a Chapter 11 plan of reorganization
for each of the Debtors on the terms set forth in the Restructuring
Support Agreement;
(c) The consummation of any sale or other disposition of all
or substantially all of the assets of the Debtors pursuant to
section 363 of the Bankruptcy Code; and
(d) The date of acceleration or termination of the DIP
facility following the occurrence of an event of default.
Acquiom Agency Services, LLC is the administrative and collateral
agent under the DIP Credit Agreement.
Use of Cash Collateral
The final order also authorized the Debtors to use the cash
collateral of pre-bankruptcy secured creditors.
As adequate protection, secured creditors will be granted
replacement security interest in and lien on the applicable
collateral securing the DIP loans, subject and subordinate to the
fee carveout and DIP liens. They are also entitled to an allowed
administrative expense claim, subject to the carveout and DIP
superpriority claims.
A copy of the final order is available at https://is.gd/xxgBGG from
PacerMonitor.com.
Acquiom Agency Services, as DIP agent, is represented by:
Jason S. Brookner, Esq.
Lydia R. Webb, Esq.
Gray Reed
1300 Post Oak Blvd., Suite 2000
Houston, TX 77056
Telephone: (713) 986-7000
Facsimile: (713) 986-7100
jbrookner@grayreed.com
lwebb@grayreed.com
-and-
Seth H. Lieberman, Esq.
Patrick Sibley, Esq.
Andrew S. Richmond, Esq.
Amanda M. Schaefer, Esq.
Pryor Cashman, LLP
7 Times Square, 40th Floor
New York, NY 10036-6596
Telephone: (212) 421-4100
Facsimile: (212) 326-0806
slieberman@pryorcashman.com
psibley@pryorcashman.com
arichmond@pryorcashman.com
aschaefer@pryorcashman.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.
ONYX PORTFOLIO: Retains La Fuente Legacy as Real Estate Agent
-------------------------------------------------------------
Onyx Portfolio LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to retain La Fuente Legacy Real
Estate to serve as its real estate agent.
La Fuente will provide these services:
(a) using reasonable efforts to act diligently to market the
Properties for sale, procure a buyer, and negotiate the sale of the
Properties;
(b) advertise the Properties through means including but not
limited to, placing a “For Sale” sign, creating or placing
information, internet;
(c) disseminate information about the Properties to other realtors
and prospects, including applicable disclosures, and notices
concerning the debtor’s property;
(d) marketing and advertisement of the Properties in order to
procure potential buyers; and
(e) assist the Debtor with real estate strategy.
La Fuente will be compensated in the form of a 4 percent commission
of the sales price and an additional 3 percent if the buyer is
procured by La Fuente.
La Fuente Legacy Real Estate 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:
Monica A LaFuente Fisher
La Fuente Legacy Real Estate
Houston, TX
About Onyx Portfolio LLC
Onyx Portfolio LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. TX Case No. 26-30080) on January 5,
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 Jeffrey P. Norman oversees the case.
Susan Tran Adams is Debtor's legal counsel.
ONYX PORTFOLIO: Seeks to Employ Tran Singh as Lega Counsel
----------------------------------------------------------
Onyx Portfolio LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to employ Tran Singh LLP to
serve as counsel.
The firm will provide these services:
(a) provide due diligence in preparation for the Debtor's
Chapter 11 filing;
(b) represent the Debtor as general bankruptcy counsel in this
Chapter 11 Case; and
(c) perform other legal services necessary to the successful
administration of the Chapter 11 Case.
The firm's customary hourly rates generally range from $500 to $650
for attorneys and $125 for paraprofessionals. The firm was provided
a $32,000 retainer prior to the filing of the Chapter 11 Case, of
which $7,431.09 was applied on the Petition Date, leaving a
retainer balance of $24,568.91.
Tran Singh LLP 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's estate, according to
court filings.
The Firm can be reached at:
Susan Tran Adams, Esq.
Brendon Singh, Esq.
TRAN SINGH LLP
2502 La Branch Street
Houston, TX 77004
Telephone: (832) 975-7300
Facsimile: (832) 975-7301
E-mail: stran@ts-llp.com
bsingh@ts-llp.com
About Onyx Portfolio LLC
Onyx Portfolio LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. TX Case No. 26-30080) on January 5,
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 Jeffrey P. Norman oversees the case.
Susan Tran Adams is Debtor's legal counsel.
OPORTO INVESTMENTS: Hires Joyce W. Lindauer Attorney as Counsel
---------------------------------------------------------------
Oporto Investments, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Joyce W. Lindauer
Attorney, PLLC to handle its Chapter 11 case.
The firm will be paid at these hourly rates:
Joyce Lindauer, Attorney $625
Paul Geilich, Of Counsel $595
Dian Gwinnup, Paralegal $250
In addition, the firm will seek reimbursement for expenses
incurred.
The firm received a retainer of $15,000 from the Debtor.
Ms. Lindauer and Mr. Geilich disclosed in court filings 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:
Joyce W. Lindauer, Esq.
Paul B. Geilich, Esq.
Joyce W. Lindauer Attorney, PLLC
117 S. Dallas St.
Ennis, TX 75119
Telephone: (972) 503-4033
About Oporto Investments, LLC
Oporto Investments, LLC is a single asset real estate company.
Oporto Investments, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-40136) on January 09,
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 Mark X. Mullin is handling the case.
The Debtor is represented by Joyce W. Lindauer, Esq. of Joyce W.
Lindauer Attorney, PLLC.
OROVILLE HOSPITAL: Committee Hires Dentons US LLP as Legal Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of Oroville Hospital
and its affiliated debtors seek approval from the U.S. Bankruptcy
Court for the Eastern District of California to employ Dentons US
LLP as its counsel.
The firm's services include:
a. providing legal advice with respect to the Committee's
powers and duties in the context of this Case;
b. assisting and advising the Committee in its consultation
with the Debtor and others regarding the administration of this
case;
c. attending meetings and negotiate with the Debtors, lenders,
creditors, other parties in interest and others;
d. appearing, as appropriate, before the Court, relevant
appellate courts, and in other appropriate forums, and to represent
the interests of the Committee before said Courts and forums;
e. advising the Committee in connection with proposals and
pleadings submitted by the Debtor or others to this Court;
f. generally preparing on behalf of the Committee all
necessary applications, motions, answers, orders, reports and other
legal papers in support of positions taken by the Committee;
g. assisting on the sale process, including providing support
with respect to the bidding procedures, the sale and auction
process and the sale approval process of the California Attorney
General, as well as advising on issues related to the provider
agreement and other issues;
h. taking all necessary action to protect and preserve the
interests of unsecured creditors represented by the Committee,
including: (i) assessing the validity, priority and scope of liens
and claims; (ii) to investigate and prosecute actions on the
Committee's behalf, and (iii) to conduct negotiations concerning
all litigation in which the Debtor, the estate or the Committee is
or maybe involved;
i. assisting the Committee in the review, analysis and
negotiation of any plan(s) of adjustment that may be filed and to
assist the Committee in the review, analysis, and negotiation of
the disclosure statement accompanying any plan(s) of adjustment;
j. advising the Committee on the retention of other
professionals and experts to assist in the engagement, including
Downey Brand as conflicts and special litigation counsel and
Province as financial advisor;
k. retaining expert professional assistance and witnesses, as
necessary; and
l. performing all other necessary legal services for the
Committee in connection with this Case.
The firm's hourly rates are:
Partners and Of Counsel $1,100 to $1,600
Associates $700 to $1,050
Paraprofessionals $490 to $525
As disclosed in the court filings, Dentons, its partners, counsel
and associates are "disinterested persons" within the meaning of
section 101(14), as modified by section 1107(b) of the Bankruptcy
Code.
The firm can be reached through:
TANIA M. MOYRON, Esq.
SAMUEL R. MAIZEL, Esq.
601 South Figueroa Street, Suite 2500
Los Angeles, CA 90017-5704
Telephone: (213) 623-9300
Facsimile: (213) 623-9924
Email: tania.moyron@dentons.com
samuel.maizel@dentons.com
About Oroville Hospital
Oroville Hospital is a full-service community healthcare provider
located in Oroville, California. The hospital offers a broad range
of medical services, including emergency care, inpatient and
outpatient treatment, surgical procedures, diagnostic imaging, and
specialty care programs. Committed to patient-centered care,
Oroville Hospital focuses on quality outcomes, compassionate
service, and maintaining strong community health partnerships.
Oroville Hospital sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-26876) on December 8,
2025. In its petition, the Debtor reports estimated assets between
$500 million and $1 billion and estimated liabilities between $100
million and $500 million.
Honorable Bankruptcy Judge Christopher M. Klein oversees the case.
The Debtor is represented by Nicholas A. Koffroth, Esq.
OROVILLE HOSPITAL: Committee Taps Downey Brand as Special Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of Oroville Hospital
and its affiliated debtors seek approval from the U.S. Bankruptcy
Court for the Eastern District of California to employ Downey Brand
LLP as conflicts and special litigation counsel.
The firm will render these services:
a. give legal advice with respect to the Committee's powers
and duties in the context of this Case;
b. assist and advise the Committee in its consultation with
the Debtor and others regarding the administration of this case;
c. attend meetings and negotiate with the Debtors, lenders,
creditors, other parties in interest and others;
d. appear, as appropriate, before the Court, relevant
appellate courts, and in other appropriate forums, and to represent
the interests of the Committee before said Courts and forums;
e. advise the Committee in connection with proposals and
pleadings submitted by the Debtor or others to this Court;
f. generally prepare on behalf of the Committee all necessary
applications, motions, answers, orders, reports and other legal
papers in support of positions taken by the Committee;
g. lend support, as needed, to assist on the sale process,
including providing support with respect to the bidding procedures,
the sale and auction process and the sale approval process;
h. take all necessary action to protect and preserve the
interests of unsecured creditors represented by the Committee,
including: (i) assessing the validity, priority and scope of liens
and claims; (ii) to investigate and prosecute actions on the
Committee's behalf, and (iii) to conduct negotiations concerning
all litigation in which the Debtor, the estate or the Committee is
or maybe involved;
i. assist the Committee in the review, analysis and
negotiation of any plan(s) of adjustment that may be filed and to
assist the Committee in the review, analysis, and negotiation of
the disclosure statement accompanying any plan(s) of adjustment;
j. act as conflicts counsel and special litigation counsel to
the Committee, and advise the Committee on the retention of other
professionals and experts to assist in the engagement, including
working in tandem with proposed counsel Dentons and Province as
financial advisor;
k. retain expert professional assistance and witnesses, as
necessary; and
l. perform all other necessary legal services for the
Committee in connection with this Case.
The firm's customary hourly rates are:
Partners and Counsel $500 to $830
Associates $350 to $485
Paraprofessionals $335 to $410
Notwithstanding the Downey Brand's fee arrangements, the following
is intended to clarify for, and address, the UST Guidelines:
a. No Downey Brand professionals included in this engagement
will vary their rate based on the geographic location of the
bankruptcy case.
b. Downey Brand did not represent the Committee prior to the
Petition Date.
c. Downey Brand (along with other estate professionals) is in
the process of developing a estimation of fees, which will be
contained as line item (along with Dentons) in a cash collateral
and DIP financing budget to be filed with the Court. Furthermore,
Downey Brand understands that the Committee, along with the Debtors
and the U.S. Trustee will maintain active oversight of Downey
Brand's billing practices.
Downey Brand does not hold or represent any interest adverse to the
Debtor's estate, according to court papers filed by the firm.
The firm can be reached through
Jamie P. Dreher, Esq.
Jorge Gaitan, Esq.
Downey Brand LLP
621 Capitol Mall, 18th Floor
Sacramento, CA 95814-4731
Tel: (916) 444-1000
Fax: (916) 444-2100
Email: jdreher@downeybrand.com
jgaitan@downeybrand.com
About Oroville Hospital
Oroville Hospital is a full-service community healthcare provider
located in Oroville, California. The hospital offers a broad range
of medical services, including emergency care, inpatient and
outpatient treatment, surgical procedures, diagnostic imaging, and
specialty care programs. Committed to patient-centered care,
Oroville Hospital focuses on quality outcomes, compassionate
service, and maintaining strong community health partnerships.
Oroville Hospital sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-26876) on December 8,
2025. In its petition, the Debtor reports estimated assets between
$500 million and $1 billion and estimated liabilities between $100
million and $500 million.
Honorable Bankruptcy Judge Christopher M. Klein oversees the case.
The Debtor is represented by Nicholas A. Koffroth, Esq.
OUTFRONT MEDIA: Moody's Upgrades CFR to 'Ba3', Outlook Stable
-------------------------------------------------------------
Moody's Ratings upgraded OUTFRONT Media Inc.'s (OUTFRONT or the
company) Corporate Family Rating to Ba3 from B1 and Probability of
Default Rating to Ba3-PD from B1-PD. The senior unsecured notes
ratings of OUTFRONT Media Capital LLC (a subsidiary of OUTFRONT)
were also upgraded to B1 from B2. The Ba1 senior secured bank
credit facility ratings and Ba1 backed senior secured notes of
OUTFRONT Media Capital LLC were affirmed. The outlook on both
entities is stable. OUTFRONT's speculative grade liquidity rating
is unchanged at SGL-2.
The upgrade reflects Moody's expectations for more conservative
governance, specifically a decline in financial leverage to the low
4x (Moody's adjusted) range over the next 12-18 months supported by
strong operating performance including solid revenue and EBITDA
growth. Moody's expects the ongoing conversion of traditional
static billboards to digital displays and programmatic advertising
will continue to produce very attractive returns and margin
expansion, further strengthening the company's competitive position
within the domestic outdoor advertising industry. Moody's
understands this is a long-term secular shift with sustainable and
favorable demand dynamics. Moody's also expects a key measurement
of cash flow - funds from operations (FFO) - to improve, pushing
FFO/Debt into the high-teens percent range.
RATINGS RATIONALE
OUTFRONT's Ba3 CFR reflects its strong market position in the US
outdoor advertising industry, moderate leverage (4.6x as of LTM Q3
2025, Moody's adjusted; 5.9x excluding Moody's operating lease
adjustment), and very high profitability, with Moody's adjusted
EBITDA margins exceeding 50%.
OUTFRONT also benefits from its market position as one of the
largest domestic outdoor advertising companies with positions in
approximately 120 markets in the US, including all the top 25
markets, and nearly 560 thousand total displays as of 12/31/2024.
The company's revenue and earnings growth profile is very good,
with sustained demand for outdoor advertising. The company's
ability to increasingly offer digital and programmatic services as
the company continues to convert traditional static billboards to
digital is also a strong tailwind. The company's business is also
less exposed to competition and technology disintermediation given
the hard-asset nature of the business, and regulatory and
permitting restrictions which control and limit the supply of
billboards - supporting advertising rates and very high asset
valuations.
The rating also incorporates certain risks and constraints
including significant concentration of billboards and exposure to
large urban cities like New York City (55% of all displays, and
most in transit) and Los Angeles which generally attract more
national advertisers and are therefore more sensitive to the
economy and cyclicality. The company's long-term contract with the
New York Metropolitan Transit Authority (MTA) (including platform,
subway, and railcar displays) through 2030 (with a 5-year
extension, electable at the company's option) also has relatively
unfavorable economics (generating very marginal earnings) due to
minimum payment guarantees and weak revenue growth. The company's
REIT structure is also a negative credit factor given at least 90%
of the company's taxable income must be distributed to
shareholders, which reduces free cash flow when paid in cash.
Liquidity is good, as reflected in the Speculative Grade Liquidity
(SGL) rating of SGL-2 which is supported by access to an undrawn
$500 million revolver due September 2030 ($5.1 million of letters
of credits outstanding) and approximately $63 million in cash as of
Q3 2025. OUTFRONT also has a $150 million accounts receivable
securitization facility, with no outstanding borrowings as of Q3
2025. There is a $300 million At-the-Market equity (ATM) offering
program (no shares were issued over the last five years) that could
be used to help fund modest acquisitions or negative free cash
flow, though there were no shares sold in 2025 through the third
quarter and the remaining capacity is $232.5 million. Liquidity is
also supported by the company's ability to pay up to 80% of
dividends with stock, which could free up about $200 million
(Moody's estimate) in additional cash flow if necessary.
The term loan is covenant lite, and the revolver is subject to a
maximum consolidated net secured leverage ratio of 4.5x. Moody's
expects OUTFRONT will remain well within compliance of their
covenants going forward, even with the secured debt.
OUTFRONT Media Capital LLC, an operating subsidiary of OUTFRONT, is
the issuer of the company's rated debt. The senior secured bank
credit facilities and backed senior secured notes are rated Ba1,
two notches above the Ba3 CFR given the loss absorption provided by
a significant mix of junior claims – specifically senior
unsecured notes rated B1, one notch below the Ba3 CFR. The
probability of default rating (PDR) is Ba3-PD. Moody's assumes an
average family recovery of 50% in a default scenario due to the mix
of secured and unsecured debt in the capital structure. The secured
obligations are secured by all assets and the unsecured notes are
fully and unconditionally guaranteed, jointly and severally, by the
company and its direct and indirect subsidiaries that guarantee the
senior credit facilities.
The stable outlook reflects Moody's expectations that operating
performance will continue to improve due to solid demand for
outdoor advertising and the continued conversion of static displays
to digital. Moody's expects revenue growth of at least low single
digit percent, and expanding EBITDA margins, generating higher
earnings and a reduction in leverage to the low 4x range. Moody's
expects FFO to debt will rise to high teens percent (Moody's
adjusted).
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
OUTFRONT'S ratings could be upgraded if liquidity improves, funds
from operations as a percentage of debt is sustained above 20%
(Moody's adjusted), leverage improves to below 3.5x (Moody's
adjusted) and revenue and earnings continue to rise.
OUTFRONT'S ratings could be downgraded if leverage was expected to
be maintained above 4.5x (Moody's adjusted), liquidity
deteriorates, or funds from operations as a percentage of debt is
sustained below 15% (Moody's adjusted). Material and unfavorable
changes in operating performance (e.g. decline in revenue, earnings
or profitability), scale, business model, or market position could
also lead to negative rating action.
OUTFRONT Media Inc. (OUTFRONT) (fka CBS Outdoor Americas Inc.) is
one of the leading domestic outdoor advertising companies. OUTFRONT
was previously an operating subsidiary of CBS Corporation and in
2014 began operating as a REIT. OUTFRONT is a publicly traded
company listed on the New York Stock Exchange with reported
revenues of approximately $1.8 billion as of LTM Q3 2025.
The principal methodology used in these ratings was Media published
in September 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.
PALM GREENS: Hires RLC PA Lawyers & Consultants as Attorney
-----------------------------------------------------------
Palm Greens at Villa Del Ray Recreation Condominium seeks approval
from the U.S. Bankruptcy Court for the Southern District of Florida
to employ RLC, PA Lawyers & Consultants as attorney.
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; and
(e) represent the debtor in negotiation with its creditors in
the preparation of a plan.
The firm's standard rates are:
Senior Attorneys $750 per hour
Associate Attorneys $625 per hour
Paralegals $275 per hour
The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.
The firm received a retainer in the amount of $101,532.
Tate M. Russack, Esq., a partner at RLC, PA Lawyers & Consultants,
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:
Tate M. Russack, Esq.
RLC, PA Lawyers & Consultants
396 Bayshore Drive
Venice, FL 34285
Office: (561) 571-9610
Fax: (800) 883-5692
Cell: (410) 353-2176
Email: Tate@Russack.net
About Palm Greens at Villa Del Ray Recreation Condominium
Palm Greens at Villa Del Ray Recreation Condominium oversees
recreational amenities and common property for a residential
condominium community in Florida.
The Debtor filed for protection under Chapter 11 of the U.S.
Bankruptcy Code on January 28, 2026 (Bankr. Case No. 26-11060). The
petition lists estimated assets and estimated liabilities each in
the $10 million to $50 million range.
The case is assigned to U.S. Bankruptcy Judge Erik P. Kimball.
The Debtor is represented by Tate M. Russack, Esq.
PASTIME LOUNGE: Claims to be Paid from Property Sale Proceeds
-------------------------------------------------------------
Pastime Lounge, LLC, filed with the U.S. Bankruptcy Court for the
District of Montana a Disclosure Statement describing Plan of
Liquidation dated January 29, 2026.
The Debtor was engaged in the business of operating a
bar/restaurant in Chinook, Blaine County, Montana.
The Debtor obtained a loan from Bear Paw, in March of 2022 to
purchase the business located at 326 Indiana Street, Chinook,
Blaine County, Montana. Debtor's loan payments to Bear Paw
Development Corporation of Northern Montana were $1,692.69 for the
real property and $231.02 for the liquor license. A lease payment
from Pastime Lounge, LLC was made to Bilger Enterprises, LLC in the
amount of $1,923.71 for the building lease. The loan payments to
Bear Paw were made by Bilger Enterprises, LLC.
The loan payments to Bear Paw were current until approximately May
of 2023. In the spring of 2023 business began to decline. With the
decline of business, Pastime Lounge, LLC was unable to make lease
payments to Bilger Enterprises, LLC. Bilger Enterprises, LLC was
unable to make the loan payments to Bear Paw. Debtor tried to sell
the business in 2024 through a Realtor but was unsuccessful. Bear
Paw began foreclosure proceedings in the fall of 2022.
Since the filing of the bankruptcy, the Debtor is trying to sell
the liquor license. From the sale of the liquor license, Debtor
intends to pay off all debts acquired by Pastime Lounge including
the loan debts to Bear Paw. Pastime Lounge is currently closed and
not doing business.
As the business is closed, the Pastime Lounge, LLC has no on-going
expenses. Debtor expects it will take one year or less to sell.
Class II consists of Unsecured Claims. This Class is impaired.
Creditors with general unsecured claims include:
Internal Revenue Service: $3,186.85
Montana Department of Revenue: $40.10
First Bank of Montana: $11,602.39
First Bank of Montana: $569.88
The Debtor will pay these amounts from the sale of the liquor
license. Debtor specifically reserves the right to object to
creditors' claims. Payments to all Classes shall be made after
confirmation. Payments may be adjusted to reflect the actual
interest earned from time of confirmation. Creditors shall retain
their liens on their collateral except as set forth herein.
The Debtor shall sell the All Beverage Liquor License to pay the
debt to Bear Paw and the allowed priority claims in full. Debtor
shall also pay the allowed unsecured creditors in full if there are
sufficient funds from the sale of the liquor license. If there are
insufficient funds remaining to pay allowed unsecured creditors in
full, they will be paid a prorata share of any funds available.
The property will be listed for sale with a Realtor within thirty
days from the date hereof. All offers received by Debtor shall be
promptly communicated to any lienholders, and no sale of such
property shall be completed without notice to lienholders and an
opportunity provided for a hearing on such sale with the safeguards
afforded lienholders under Section 363 of the Bankruptcy Code.
In the event the property stated above is not sold or under
contract for sale acceptable to Bear Paw by March 1, 2027, Debtor
will surrender the liquor license to Bear Paw in full satisfaction
of the debt.
The net proceeds from the sale of the subject property shall be
applied as follows in order:
* To the administrative costs of sale (Realtor commissions and
closing costs);
* To Administrative expense claims, including Debtor's
attorney's fees (if any);
* To satisfy Bear Paw's claim, including any accrued interest
from and after confirmation of the Plan to the date of sale, and
any additional sums awarded pursuant to Section 506(b) of the
Bankruptcy Code;
* To pay the allowed priority claims in full; and
* To pay the allowed unsecured creditors claims in full if
there are sufficient funds available. If insufficient funds are
available to pay the allowed unsecured creditors in full, they
shall be paid a prorata share of the remaining funds available from
the sale; and
* Remainder, if any, to Debtor.
A full-text copy of the Disclosure Statement dated January 29, 2026
is available at https://urlcurt.com/u?l=5hgjux from
PacerMonitor.com at no charge.
Pastime Lounge, LLC is represented by:
Gary S. Deschenes, Esq.
Zach B. Duhon, Esq.
Deschenes & Associates Law Offices
309 First Avenue North
P.O. Box 3466
Great Falls MT 59403
Telephone: (406) 761-6112
Email: gsd@dalawmt.com
About Pastime Lounge
Pastime Lounge, LLC, was engaged in the business of operating a
bar/restaurant in Chinook, Blaine County, Montana.
The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Mont. Case No. 25-40070) on Sept. 17, 2025, listing
under $1 million in both assets and liabilities.
Judge Benjamin P. Hursh oversees the case.
Gary S. Deschenes, at Deschenes & Associates Law Offices, serves as
the Debtor's counsel.
PAT'S HOME: Seeks Chapter 11 Bankruptcy in New Jersey
-----------------------------------------------------
On February 5, 2026, Pat's Home Services LLC filed for Chapter 11
protection in the District of New Jersey. According to court
filings, the Debtor reports between $100,001 and $1,000,000 in debt
owed to 1-49 creditors.
About Pat's Home Services LLC
Pat's Home Services LLC is a home repair and maintenance service
provider offering residential repair, renovation, and property
maintenance solutions.
Pat’s Home Services LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-11308) on February 5,
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 Melinda D. Middlebrooks, Esq., of
Middlebrooks Shapiro, P.C.
PELICAN PROS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Pelican Pros LLC
6955 Mayo Blvd
New Orleans, LA 70126
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
Eastern District of Louisiana
Case No.: 26-10262
Judge: Hon. Meredith S Grabill
Debtor's Counsel: Edwin M. Shorty Jr., Esq.
EDWIN M. SHORTY, JR. & ASSOCIATES
650 Poydras Ave., Ste 2515
New Orleans, LA 70130
Tel: 504-207-1370
Fax: 504-207-0850
E-mail: EShorty@eshortylawoffice.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Keith McGuire as authorized
representative of the Debtor.
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/CCN45GA/Pelican_Pros_LLC__laebke-26-10262__0001.0.pdf?mcid=tGE4TAMA
PORT ELIZABETH: Seeks to Extend Plan Exclusivity to July 13
-----------------------------------------------------------
Port Elizabeth Terminal & Warehouse Corp. and affiliates asked the
U.S. Bankruptcy Court for the District of New Jersey to extend
their exclusivity periods to file a plan of reorganization and
obtain acceptance thereof to July 13 and September 10, 2026,
respectively.
The Debtors explain that their good faith progress in these Chapter
11 Cases warrants the extensions requested herein. Since the
Petition Date, the Debtors have, among other things, (i) obtained
significant "first day" and other relief; (ii) retained various
professionals; (iii) prepared and filed schedules and statements of
financial affairs for the Debtors; (iv) analyzed potential sale
transactions for certain of the Debtors' assets; and (v) otherwise
attended to tasks required to administer these Chapter 11 Cases.
The Debtors claim that they intend to maintain the speed and
efficiency of these Chapter 11 Cases. That said, the Debtors are
mindful of the time required to analyze potential sale
transactions, draft a confirmable plan, and attend to the tasks
required to administer these Chapter 11 Cases. The Debtors thus
seek an extension of the Exclusive Periods so that the Debtors, in
consultation with their key constituents, can work to develop a
viable path forward.
The Debtors assert that they need additional time to analyze
potential sale transactions, which in turn will permit the Debtors
to craft a confirmable plan. The requested extensions of the
Exclusive Periods will provide the Debtors with the time needed to
address these issues and thereby permit the Debtors to focus on
both resolving such issues in a manner that best serves their
estates and creditors and establishing a framework for a viable
path forward without the distraction of a looming exclusivity
deadline.
The Debtors do not believe that the requested extension of the
Exclusive Periods will harm the Debtors' creditors or other parties
in interest. On the contrary, the Debtors have conducted these
Chapter 11 Cases in an efficient manner, for the benefit of
creditors and other parties in interest. In addition, the Debtors
are not seeking this extension to prejudice their creditors or to
otherwise pressure creditors to submit to reorganization demands.
Instead, the Debtors seek the requested extension so that they can
maintain the status quo in these Chapter 11 Cases while addressing
the other significant time-sensitive and potentially case
dispositive issues. Thus, because neither the Debtors' creditors
nor any other party in interest will be prejudiced by the proposed
extension of the Exclusive Periods, the Debtors submit that the
relief requested should be approved.
Counsel for the Debtors:
Turner N. Falk, Esq.
Stephen B. Ravin, Esq.
SAUL EWING LLP
1037 Raymond Blvd.
Suite 1520
Newark, NJ 07102
Tel: (973) 286-6700
E-mail: turner.falk@saul.com
E-mail: stephen.ravin@saul.com
About Port Elizabeth Terminal & Warehouse Corp.
Port Elizabeth Terminal & Warehouse Corp. and affiliates provide
transportation, logistics, and warehousing services in the U.S.,
including rail boxcar and container handling, multi-modal shipping,
specialized material handling, cross-docking, packing, specialized
handling of beverages -- including alcoholic products – and
product care and protection.
Port Elizabeth Terminal & Warehouse Corp. and affiliates sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J.
Lead Case No. 25-22123) on November 14, 2025. In its petition, the
Debtor reports estimated assets and liabilities between $50 million
and $100 million each.
Five affiliated entities simultaneously filed voluntary Chapter 11
petitions under the Bankruptcy Code.
Debtor Case No.
------ --------
P. Judge & Sons, Inc. 25-22127
Amex Shipping Agent, Inc. 25-22129
The Judge Organization, LLC 25-22130
P. Judge & Sons Trucking, LLC 25-22131
Judge Warehousing, LLC 25-22132
Bankruptcy Judge John K. Sherwood handles the case.
The Debtor is represented by Turner Falk, Esq. of Saul Ewing LLP.
POSIGEN PBC: Gets Court OK for Asset Sale to Lenders, $43.9MM Loan
------------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Posigen PBC won court
approval for a $43.9 million debtor‑in‑possession financing
package as part of its Chapter 11 bankruptcy proceedings, marking
significant progress in the residential solar company’s
wind‑down strategy. A global settlement with lenders and other
creditors also won the bankruptcy court’s backing in Houston.
Under the terms of the settlement, Posigen’s assets are slated
for sale to Brookfield Asset Management and affiliated lenders,
with the aim of transitioning core customer service functions to
Omnidian Inc. and SunStrong Management LLC. These moves are
intended to keep vital service operations intact and protect
customer interests as the restructuring unfolds.
Bankruptcy Judge Christopher Lopez presided over the approval
hearing, endorsing the financing and settlement as the best
practicable path for an orderly wind‑down of the business under
Chapter 11. The ruling enables Posigen, its lenders, and other
creditor constituencies to implement their negotiated restructuring
framework, according to report.
About PosiGen, PBC
PosiGen, PBC is a residential solar energy company.
PosiGen PBC and its debtor-affiliates sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90787)
on Nov. 24, 2025. In its petition, PosiGen listed between $100
million and $500 million in both assets and liabilities.
The Honorable Bankruptcy Judge Alfredo R. Perez handles the case.
The Debtors tapped White & Case as counsel; FTI Consulting, Inc.,
as financial advisor; and Kroll Restructuring Administration, LLC
as claims and noticing agent.
The official committee of unsecured creditors appointed in these
Chapter 11 cases tapped McDermott Will & Schulte LLP and Pachulski
Stang Ziehl & Jones LLP as counsel and Province, LLC as financial
advisor.
PRESTIGE HEALTHCARE: Hires Tydings & Rosenberg LLP as Attorney
--------------------------------------------------------------
Prestige Healthcare Resources Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire Tydings &
Rosenberg LLP as attorneys.
The firm will render these services:
(a) advise the Debtor of its powers and duties in the
operation of its business and management of its property;
(b) represent the Debtor in defense of proceedings instituted
to reclaim property or to obtain relief from the automatic stay;
(c) prepare any necessary applications, answers, orders,
reports and other pleadings, and appear on the Debtor's behalf in
proceedings instituted by or against it;
(d) assist the Debtor in the preparation of schedules,
statements of financial affairs, and any amendments thereto;
(e) assist with the evaluation of a possible sale of the
Debtor's business and/or assets, if necessary;
(f) assist the Debtor in the preparation of a plan of
reorganization or orderly liquidation, if necessary;
(g) object to claims filed in the case;
(h) seek permission to use cash collateral to fund its
operations;
(i) assist the Debtor with other possible legal matters;
(j) assist the Debtor with all bankruptcy legal work; and
(k) perform all of the legal services for the Debtor that may
be necessary or desirable.
The hourly rates of the firm's counsel are as follows:
Mary Fran Ebersole, Partner $500
Joseph Selba, Partner $500
Counsel & Partners $500 - $700
Associates $325 - $350
Paralegal $200
In addition, the firm will seek reimbursement for expenses
incurred.
The firm received a retainer in the amount of $50,000 from the
Debtor.
Ms. Ebersole 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:
Mary Fran Ebersole, Esq.
Tydings & Rosenberg LLP
One East Pratt Street, Suite 901
Baltimore, MA 21202
Telephone: (410) 752-9700
Email: mebersole@tydings.com
About Prestige Healthcare Resources Inc.
Prestige Healthcare Resources Inc., incorporated in Maryland in
2009, operates as a behavioral health core service agency providing
mental health and related support services to individuals in
Washington, D.C., Prince George's County, and Baltimore City,
Maryland, and is recognized as a certified provider in the
behavioral health sector, offering therapy, mental health
rehabilitative services, substance use disorder programs, elderly
and persons with physical disabilities waiver case management,
non-medical respite, problem gambling assistance, and assertive
community treatment team services.
Prestige Healthcare Resources Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case
No. 26-10955) on January 29, 2026, listing $1 million to $10
million in both assets and liabilities. The petition was signed by
John S. Smith, Jr. as president.
Joseph Selba, Esq. at TYDINGS ROSENBERG LLP serves as the Debtor's
counsel.
PRETIUM PACKAGING: Appoints Stretto as Claims and Noticing Agent
----------------------------------------------------------------
Pretium Packaging, L.L.C., et al. seek approval from the U.S.
Bankruptcy Court for the District of New Jersey to appoint Stretto,
Inc. as claims and noticing agent in their Chapter 11 cases,
effective as of the petition date.
Stretto will provide these services:
(a) prepare and serve required notices and documents in
accordance with the Bankruptcy Code and the Bankruptcy Rules,
including notices of the commencement of the Chapter 11 cases,
claims bar dates, hearings, plan confirmation, and other pleadings
as directed by the Debtors or the Court;
(b) maintain official copies of the Debtors' schedules of assets
and liabilities and statements of financial affairs, if
applicable;
(c) maintain and update lists of potential creditors, equity
holders, and other parties-in-interest, including core service
lists, and make such lists available upon request;
(d) furnish notices and proof of claim forms to potential
creditors and process, maintain, and provide public access to
proofs of claim and the official claims registers;
(e) maintain a post office box or address for receipt of claims
and returned mail and process all mail received;
(f) prepare and file affidavits or certificates of service for
notices and pleadings served;
(g) monitor the Court’s docket for claims-related filings,
correct errors, and assist with dissemination of information to the
public; and
(h) perform additional claims administration and case-closing
services as described in the application.
The firm will be paid at these rates:
-- Analyst waived
-- Consultant (Associate/Senior Associate) $70 - $200
-- Director/Managing Director $210 - $250
-- Solicitation Director $275
-- Executive Management waived
Prior to the petition date, the Debtors provided Stretto with an
advance in the amount of $25,000.
According to court filings, Stretto is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code and
does not hold or represent any interest materially adverse to the
Debtors' estates.
The firm can be reached at:
Sheryl Betance
Stretto, Inc.
410 Exchange, Ste. 100
Irvine, CA 92602
Telephone: (714) 716-1872
E-mail: sheryl.betance@stretto.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.
RED RIVER: 3rd Circ. Remands J&J Unit's Libel Suit Over Talc Study
------------------------------------------------------------------
George Woolston of Law360 Bankruptcy Authority reports that a
federal appellate court has granted Johnson & Johnson's talc
liability unit another chance to pursue libel allegations against a
scientist whose article linked talcum powder use to mesothelioma,
after the Third Circuit determined that the lower court improperly
dismissed the case. The ruling directs the lawsuit back to the
district court for further proceedings.
The Third Circuit held that questions of fact underlying the libel
claims precluded resolution at the dismissal stage and that the
plaintiff’s allegations warranted a fuller airing. The opinion
emphasized that early dismissal is inappropriate where evidence has
yet to be developed through discovery.
With the case remanded, Johnson & Johnson's subsidiary can move
forward with its claims, a development that could influence future
litigation involving scientific discourse and the line between
protected speech and reputational harm, the report states.
About J&J Talc Units
LLT Management, LLC (formerly known as LTL Management LLC) was a
subsidiary of Johnson & Johnson that was formed to manage and
defend thousands of talc-related claims and oversee the operations
of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue
streams, including royalty revenue streams based on third-party
sales of LACTAID, MYLANTA/MYLICON and ROGAINE products.
LTL Management first filed a petition for Chapter 11 protection
(Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was
transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov.
16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time
of the filing, the Debtor was estimated to have $1 billion to $10
billion in both assets and liabilities.
In the 2021 case, LTL Management tapped Jones Day and Rayburn
Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP
and Shook, Hardy & Bacon LLP as special counsel; McCarter &
English, LLP as litigation consultant; Bates White, LLC as
financial consultant; and AlixPartners, LLP as restructuring
advisor. Epiq Corporate Restructuring, LLC, served as the claims
agent.
On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9
reconstituted the talc claimants' committee and appointed two
separate committees: (i) the official committee of talc claimants
I, which represents ovarian cancer claimants, and (ii) the official
committee of talc claimants II, which represents mesothelioma
claimants.
The official committee of talc claimants I tapped Genova Burns LLC,
Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its
legal counsel. Meanwhile, the official committee of talc claimants
II is represented by the law firms of Cooley LLP, Bailey Glasser
LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and
Sherman Silverstein Kohl Rose & Podolsky P.A.
Re-Filing of Chapter 11 Petition
On Jan. 30, 2023, a panel of the Third Circuit issued an opinion
directing this Court to dismiss the 2021 Chapter 11 Case on the
basis that it was not filed in good faith. Although the Third
Circuit panel recognized that the Debtor "inherited massive
liabilities" and faced "thousands" of future claims, it concluded
that the Debtor was not in financial distress before the filing.
On March 22, 2023, the Third Circuit entered an order denying the
Debtor's petition for rehearing. The Third Circuit entered an order
denying LTL's stay motion on March 31, 2023, and, on the dame
day,issued its mandate directing the Bankruptcy Court to dismiss
the 2021 Chapter 11 Case.
The Bankruptcy Court entered an order dismissing the 2021 Case on
April 4, 2023.
Johnson & Johnson on April 4, 2023, announced that its subsidiary
LTL Management LLC (LTL) has re-filed for voluntary Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain
approval of a reorganization plan that will equitably and
efficiently resolve all claims arising from cosmetic talc
litigation against the Company and its affiliates in North
America.
In the new filing, J&J said it has agreed to contribute up to a
present value of $8.9 billion, payable over 25 years, to resolve
all the current and future talc claims, which is an increase of
$6.9 billion over the $2 billion previously committed in connection
with LTL's initial bankruptcy filing in October 2021. LTL also has
secured commitments from over 60,000 current claimants to support a
global resolution on these terms.
In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton,
New Jersey, ruled that the second bankruptcy case should be
dismissed.
3rd Try
In May 2024, J&J announced its subsidiary LLT Management LLC is
soliciting support for a consensual prepackaged bankruptcy plan to
resolve its talc-related liabilities. Under the terms of the plan,
a trust would be funded with over $5.4 billion in the first three
years and more than $8 billion over the course of 25 years, which
J&J calculates to have a net present value of $6.475 billion. If
the Plan is accepted by at least 75% of voters, a bankruptcy was to
be filed under the case name In re Red River Talc LLC. Epiq
Corporate Restructuring, LLC is serving as balloting and
solicitation agent for LLT.
On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP
and Jones Day serve as counsel in the new Chapter 11 case. Epiq is
the claims agent.
Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting
Counsel. Randi S. Ellis is the proposed prepetition legal
representative of future claimants.
RM IMAGING: Seeks Chapter 11 Bankruptcy in Florida
--------------------------------------------------
On February 2, 2026, RM Imaging Inc. filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Florida. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to 1–49 creditors.
About RM Imaging Inc.
RM Imaging Inc. is a Florida-based company engaged in
imaging-related business operations.
RM Imaging Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11368) on February 2,
2026. In its petition, the Debtor reports estimated assets of
$0–$100,000 and estimated liabilities of $100,001–$1,000,000.
Honorable Bankruptcy Judge Mindy A. Mora handles the case.
The Debtor is represented by Brian S. Behar, Esq.
ROCKY MOUNTAIN: Hires Patten Peterman Bekkedahl & Green as Counsel
------------------------------------------------------------------
Rocky Mountain Sleep Disorders Center, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Montana to hire Patten,
Peterman, Bekkedahl & Green, PLLC as its attorneys.
The firm will render these services:
a. prepare the chapter 11 bankruptcy petition and schedules in
consultation with the Applicant;
b. advise on all aspects of the chapter 11 bankruptcy
including but not limited to any operating reports; and
c. negotiate and prepare motions for cash collateral, a
chapter 11 plan, and other similar services.
The hourly rates of the firm's counsel and staff are:
James A. Patten, Esq. $500
Molly S. Considine, Esq. $400
Diane S. Kephart (Paralegal) $195
Alejandra Martinez (Paralegas) $125
Other attorneys $250 - $500
Other Paralegals $90 - $195
In addition, the firm will seek reimbursement for expenses
incurred.
James Patten, Esq., a partner at Patten, Peterman, Bekkedahl &
Green, disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.
The firm can be reached through:
James A. Patten, Esq.
Molly S. Considine, Esq.
PATTEN, PETERMAN, BEKKEDAHL & GREEN, PLLC
2817 2nd Avenue North, Ste. 300
P.O. Box 1239
Billings, MT 59103
Telephone: (406) 252-8500
Facsimile: (406) 294-9500
Email: apatten@ppbglaw.com
mconsidine@ppbglaw.com
About Rocky Mountain Sleep Disorders Center Inc.
Rocky Mountain Sleep Disorders Center, Inc. is a regional sleep
medicine provider based in Montana that diagnoses and treats a
broad range of sleep disorders through overnight and daytime
polysomnography, titration studies, PAP-related procedures, and
related testing services. Operating clinics in Great Falls, Butte,
Bozeman and Kalispell, the center serves patients across a
five-state region with comprehensive diagnostic, therapeutic and
support services for conditions such as obstructive sleep apnea and
narcolepsy.
Rocky Mountain sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mont. Case No. 26-40007) on January 14,
2026, with $1 million to $10 million in assets and liabilities.
Paul Schmook, president of Rocky Mountain, signed the petition.
Zach B. Duhon, Esq., at Deschenes & Associates Law Offices
represents the Debtor as bankruptcy counsel.
ROLLIN' VETS: Chris Quinn Named Subchapter V Trustee
----------------------------------------------------
The U.S. Trustee for Region 7 appointed Chris Quinn as Subchapter V
trustee for Rollin' Vets Group, Inc.
Mr. Quinn will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Quinn declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Chris Quinn
26414 Cottage Cypress Lane
Cypress, TX 77433
Phone: 713-498-8500
Email: chris.quinn2021@outlook.com
About Rollin' Vets Group Inc.
Rollin' Vets Group, Inc. operates a mobile veterinary clinic
providing full-service medical care to pets in the greater Houston
area, including West Houston, since 2015. It delivers examinations,
vaccinations, surgical procedures, urgent care, and at-home
euthanasia through a fleet of eight mobile units equipped with
advanced veterinary technology, offering services in both English
and Spanish. Founded by Dr. Katie Eick, Rollin' Vets Group focuses
on convenient, at-home care that accommodates busy pet owners while
maintaining the health and well-being of animals in a familiar
environment.
Rollin' Vets Group sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30401)
on January 21, 2026. Its bankruptcy petition listed assets of
between $1 million and $10 million and liabilities of between
$100,001 and $1 million.
The case is overseen by Honorable Eduardo V. Rodriguez.
Rollin' Vets Group, Inc. is represented by Susan Tran Adams, Esq.,
at Tran Singh LLP.
SAKS GLOBAL: Court OKs Deal Terms to Remain Sealed in Swipe Fee MDL
-------------------------------------------------------------------
Hilary Russ of Law360 Bankruptcy Authority reports that in the
Chapter 11 case of Saks Global Enterprises LLC, a Texas judge on
Friday, February 6, 2026, approved a request to seal certain
elements of a proposed settlement, noting that the information is
subject to governing confidentiality agreements. The decision
prevents the disclosure of sensitive financial and business terms.
The court said the sealing measure would allow the debtors to
pursue the settlement without undermining negotiations or revealing
commercially sensitive data to competitors. Supporters of the
motion highlighted that confidentiality was essential for
completing the deal efficiently.
The ruling underscores the court's recognition that while
bankruptcy proceedings are generally public, there are
circumstances—such as confidential settlements—where limiting
disclosure protects both the debtor and other affected parties, the
report states.
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.
SAVE A CONNIE: G. Matt Barberich Named Subchapter V Trustee
-----------------------------------------------------------
The Acting U.S. Trustee for Region 13 appointed G. Matt Barberich,
Jr. of B. Riley Advisory Services as Subchapter V trustee for Save
A Connie, Inc.
Mr. Barberich will be paid an hourly fee of $300 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Barberich declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
G. Matt Barberich, Jr.
B. Riley Advisory Services
7101 College Boulevard, Suite 730
Overland Park, KS 66210
Phone: 913-389-9270
Email: mbarberich@brileyfin.com
About Save A Connie Inc.
Save A Connie, Inc. filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-40159) on
January 29, 2026, with $500,001 to $1 million in assets and up to
$50,000 in liabilities.
Judge Brian T. Fenimore presides over the case.
Colin N. Gotham, Esq., at Evans & Mullinix, P.A. represents the
Debtor as legal counsel.
SCRIP INC: Capital Southwest Marks $17.7MM 1L Lien Loan at 14% Off
------------------------------------------------------------------
Capital Southwest Corporation has marked its $17,792,000 loan
extended to Scrip Inc. to market at $15,230,000 or 86% of the
outstanding amount, according to Capital Southwest's Form 10-Q for
the fiscal year ended December 31, 2025, filed with the U.S.
Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien Loan
extended to Scrip Inc. The loan accrues interest at a rate of 11.5%
per annum (SOFR plus a 2.00% spread, assuming 3.5% SOFR). The loan
matures on March 19, 2027.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Scrip Inc.
Scrip Inc. Provides value-added health and wellness products and
services to healthcare practices and consumers nationwide.
SERAPH AVIATION: Seeks Chapter 7 Bankruptcy in Delaware
-------------------------------------------------------
On January 16, 2026, Seraph Aviation Holdings LLC filed for Chapter
7 protection in the U.S. Bankruptcy Court for the District of
Delaware. According to court filings, the Debtor reports between
$10 million and $50 million in liabilities owed to 1–49
creditors.
About Seraph Aviation Holdings LLC
Seraph Aviation Holdings LLC operates as a holding company within
the aviation industry, maintaining ownership interests in aviation
service providers and aircraft-related assets. The company's
activities center on asset management and strategic oversight of
its aviation subsidiaries.
Seraph Aviation Holdings LLC sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10052) on January
16, 2026. In its petition, the Debtor reports estimated assets of
$0–$100,000 and estimated liabilities ranging from $10 million to
$50 million.
The case is assigned to Honorable Bankruptcy Judge Craig T.
Goldblatt.
The Debtor is represented by Richard Michael Beck, Esq. of Klehr
Harrison Harvey Branzburg LLP.
STG LOGISTICS: Lenders Excluded From Uptier Deal File Lawsuit
-------------------------------------------------------------
Emily Lever of Law360 Bankruptcy Authority reports that Lenders to
STG Logistics Inc., currently in Chapter 11, have filed an
adversary complaint seeking to pursue an existing legal claim
against the company. The complaint contends that the automatic stay
should not prevent them from enforcing their prepetition rights.
In the filing, the lenders requested the court to permit them to
continue litigation or to grant relief from the stay to proceed
with the claim. They argue that stopping the case could jeopardize
their ability to recover the funds owed.
The adversary proceeding highlights the balance courts must strike
between the orderly administration of a debtor's Chapter 11 case
and protecting creditor rights, particularly in complex logistics
and freight operations, the report states.
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.
STOMATCARE DSO: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: StomatCare DSO, LLC
10457 SW 40th St
Miami, FL 33165
Business Description: StomatCare DSO, LLC, based in Miami,
Florida, is a dental support organization that provides
administrative and business management services, including finance,
billing, human resources, marketing, business development, real
estate and equipment leasing, contract negotiation with insurance
plans and third-party administrators, and dental laboratory and
supplies administration, to a network of affiliated dental
practices across multiple U.S. states. The organization supports
general and specialty dental services such as orthodontics,
pediatric dentistry, and periodontics, enabling clinicians to focus
on patient care.
Chapter 11 Petition Date: February 5, 2026
Court: United States Bankruptcy Court
Southern District of Florida
Case No.: 26-11476
Debtor's Counsel: John E. Page, Esq.
SHRAIBERG PAGE PA
2385 NW Executive Center Dr
Suite 300
Boca Raton, FL 33431
Tel: 561-443-0800
E-mail: jpage@slp.law
Total Assets: $1,743,524
Total Liabilities: $5,517,446
The petition was signed by Alexander Mikhailov as CEO.
A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/V42MVGY/StomatCare_DSO_LLC__flsbke-26-11476__0001.0.pdf?mcid=tGE4TAMA
STUDENT RESOURCE: Capital Southwest Marks $9.6MM 1L Loan at 61% Off
-------------------------------------------------------------------
Capital Southwest Corporation has marked its $9,644,000 loan
extended to Student Resource Center LLC to market at $3,761,000 or
39.0% of the outstanding amount, according to Capital Southwest's
Form 10-Q for the fiscal year ended December 31, 2025, filed with
the U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Lien Loan
extended to Student Resource Center LLC. The loan accrues interest
at a rate of 8.50% per annum. The loan matures on December 30,
2027.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About Student Resource Center LLC
Student Resource Center provides education management services to
educational institutions, unions, economic and social justice
advocates, and students.
SURVWEST LLC: Court OKs Appointment of Successor Chapter 11 Trustee
-------------------------------------------------------------------
Judge Thomas McNamara of the U.S. Bankruptcy Court for the District
of Colorado approved the appointment of Matthew Brash as successor
Chapter 11 trustee for SurvWest LLC.
The appointment was made pursuant to a court order entered on
February 28, 2025.
On March 6, 2025, the U.S. Trustee for Region 19 appointed Ken
Yager as Chapter 11 trustee. On January 16, Mr. Yager submitted a
signed resignation, effective upon the U.S. trustee's filing of an
application to approve a successor trustee.
In selecting a successor trustee, the U.S. trustee consulted
counsel for the Chapter 11 trustee, TBK Bank SSB, Funders App, LLC,
and KeyBank National Association.
Mr. Brash declared in a court filing that he has no connections
with SurvWest, creditors or any party involved in the company's
case.
A copy of the appointment order is available for free at
https://urlcurt.com/u?l=yX1awN from PacerMonitor.com.
About Survwest LLC
SurvWest LLC, formerly known as SurvTech Solutions LLC, is a
diversified engineering firm specializing in surveying and mapping;
subsurface utility engineering (SUE); and utility coordination for
clients across the United States.
SurvWest filed Chapter 11 petition (Bankr. D. Colo. Case No.
24-15214) on September 6, 2024, with total assets of $7,301,456 and
total liabilities of $9,447,402. Mathew Barr, president, signed the
petition.
Judge Thomas B. Mcnamara handles the case.
David Wadsworth, Esq., at Wadsworth Garber Warner Conrardy, P.C. is
the Debtor's legal counsel.
TBK Bank is represented by:
Duncan E. Barber, Esq.
Otteson Shapiro, LLP
7979 E. Tufts Avenue, Suite 1600
Denver, CO 80237
Tel: (720) 488-0220
Fax: (720) 488-7711
E-mail: dbarber@os.law
SYNERGY MANUAL: Hires Kutner Brinen Dickey Riley PC as Counsel
--------------------------------------------------------------
Synergy Manual Physical Therapy, P.C. seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to hire Kutner Brinen
Dickey Riley, P.C. as counsel.
The firm will provide these services:
(a) provide the Debtor with legal advice with respect to its
powers and duties;
(b) aid the Debtor in the development of a plan of
reorganization under Chapter 11;
(c) file the necessary petitions, pleadings, reports, and
actions which may be required in the continued administration of
the Debtor's property under Chapter 11;
(d) take necessary actions to enjoin and stay until final
decree continuation of pending proceedings and to enjoin and stay
until final decree herein commencement of lien foreclosure
proceedings and all matters as may be provided under 11 U.S.C. Sec.
362; and
(e) perform all other legal services for the Debtor which may
be necessary.
Kutner Brinen Dickey Riley, P.C.'s customary hourly rates are:
Jeffrey S. Brinen $600
Jenny Fujii $440
Jonathan M. Dickey $425
Keri L. Riley $410
Kutner Brinen Dickey Riley, P.C. is a disinterested person within
the meaning of Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the estate, according to court
filings.
The firm can be reached at:
Jeffrey S. Brinen, Esq.
KUTNER BRINEN DICKEY RILEY, P.C.
1660 Lincoln Street, Suite 1720
Denver, CO 80264
Telephone: (303) 832-2400
E-mail: jsb@kutnerlaw.com
About Synergy Manual Physical Therapy, P.C.
Synergy Manual Physical Therapy, P.C. sought protection for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
26-10569) on January 30. 2026, listing $100,001 to $500,000 in both
assets and liabilities.
Judge Joseph G Rosania Jr presides over the case.
Jeffrey S. Brinen, Esq. at Kutner Brinen Dickey Riley, P.C. serves
as the Debtor's counsel.
T & T FOODS: Seeks to Tap Mark S. Roher P.A. as Bankruptcy Counsel
------------------------------------------------------------------
T & T Foods, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire Mark S. Roher, P.A. a/k/a
The Law Office of Mark S. Roher, P.A. as bankruptcy counsel.
The firm will provide these services:
(a) give advice to the Debtor with respect to its powers and
duties as Debtor in possession and the continued management of its
finances;
(b) advise the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the Court;
(c) prepare motions, pleadings, orders, applications,
adversary proceedings, and other legal documents necessary in the
administration of the case;
(d) protect the interest of the Debtor in all matters pending
before the Court; and
(e) represent the Debtor in negotiation with his creditors in
the preparation of a plan.
Mr. Roher will be compensated on an hourly basis at the rate of
$500.
The prepetition retainer in the amount of $10,000 was paid by
Nichole Alibayof on behalf of the Debtor.
Mark S. Roher, P.A. a/k/a The Law Office of Mark S. Roher, P.A. is
disinterested as required by 11 U.S.C. Sec. 327(a), according to
court filings.
The firm can be reached through:
Mark S. Roher, Esq.
LAW OFFICE OF MARK S. ROHER, P.A.
1806 N. Flamingo Rd. Suite 300
Pembroke Pines, FL 33028
Satellite Office:
5660 Strand Court, Unit #A51
Naples, FL 34110-3343
Tel: (954) 353-2200
Email: mroher@markroherlaw.com
About T & T Foods, Inc.
T & T Foods, Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
26-11243) on January 30, 2026, listing up to $50,000 in both assets
and liabilities.
Judge Scott M Grossman presides over the case.
Mark S. Roher, Esq. at Law Office Of Mark S. Roher, P.A. serves as
the Debtor's counsel.
TECHNICAL ARTS: Employs Auction Advisors as Expert Witness
----------------------------------------------------------
Technical Arts Group LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Auction Advisors to
serve as an expert witness.
The firm will provide these services:
(a) expert consulting services and expert testimony regarding the
reasonableness of auction procedures utilized;
(b) expert consulting services and expert testimony in the review
and evaluation of reports prepared by AVS and its professionals
related to the foregoing;
(c) as may be requested by the Debtor, assisting with the
preparation of affidavits/declarations, depositions, and briefing
in this case concerning the issues for which the Firm is providing
expert consulting services and expert testimony;
(d) preparing for and providing both deposition and court
testimony in this case regarding the issues for which the Firm is
providing expert consulting services and expert testimony; and
(e) providing such other consulting and advisory services as may
be requested by the Debtor.
Joshua Olshin will receive an hourly rate of $595.
Auction Advisors 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:
Joshua Olshin
AUCTION ADVISORS
1350 Avenue of Americas, 2nd Floor
New York, NY 10019
About Technical Arts Group LLC
Technical Arts Group LLC, a Delaware limited liability company
headquartered in Moonachie, New Jersey, provides event production
and premium equipment rental services, specializing in lighting,
audio, video, staging, special effects, and event management for
large-scale music festivals, corporate gatherings, weddings, and
international events. The Company operates a 34,488-square-foot
facility and employs 63 staff members, engaging additional
freelance personnel as needed.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-22241) on November 18,
2025. In the petition signed by Kevin Mignone, as co-president and
chief revenue officer, the Debtor disclosed $10,944,828 in assets
and $8,654,532 in liabilities.
Judge Vincent F Papalia oversees the case.
Richard D. Trenk, Esq. and Robert S. Roglieri, Esq., at Trenk
Isabel Siddiqi & Shahdanian P.C. represents the Debtor as legal
counsel.
TODD CREEK: Taps Entreken Associates as Real Estate Consultant
--------------------------------------------------------------
Todd Creek Farms Home Owners Association Inc. seeks approval from
the U.S. Bankruptcy Court for the District of Colorado to hire
Entreken Associates, Inc. as real estate liquidation analysis
consultant.
The consultant will analyze the potential value of impact to homes
within Todd Creek Farms arising from the potential dissolution of
the HOA by a Chapter 7 bankruptcy. The Consultant will provide
initial findings, and may provide finalized findings and a written
report upon request. The Consultant may also provide additional
services, such as additional reports, further analysis, formal
presentations, court testimony, or other services at an hourly
rate.
The firm's hourly rates:
Senior Managing Director $300
Directors $300
Senior Analysts $250
Other Administrators $150
The consultant has estimated the total cost of the Liquidation
Analysis to be $18,000.
Entreken Associates, Inc. does not hold or represent any interest
adverse to the Debtor or the Debtor's estate and is a
"disinterested person" as that term is defined in 11 U.S.C. Sec.
101(14), according to court filings.
The firm can be reached through:
Wesley Sanders, MAI
Entreken Associates, Inc.
6740 Crosswinds Dr N Ste. H
St. Petersburg, FL 33710
Phone: (727) 894-1800
About Todd Creek Farms Home Owners Association Inc.
Todd Creek Farms Home Owners Association Inc. is a residential
community management organization that oversees common areas,
enforces covenants, and provides services to homeowners in the Todd
Creek Farms development.
Todd Creek Farms Home Owners Association Inc. sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No.
25-14385) on July 1, 2025. In its petition, the Debtor reports
estimated assets between $500,000 and $1 million and estimated
liabilities between $100,000 and $500,000.
Honorable Bankruptcy Judge Kimberley H. Tyson handles the case.
The Debtors are represented by Jeffrey Weinman, Esq. at Allen
Vellone Wolf Helfrich & Factor P.C.
TRU LEASE: Hires Gensburg Calandriello & Kanter P.C. as Attorney
----------------------------------------------------------------
Tru Lease LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Illinois to hire Gensburg, Calandriello &
Kanter P.C. as attorneys.
The firm's services include:
a. providing legal advice with respect to the Debtor's powers
and duties as debtor-in-possession in the continued operation of
their business and management of their property;
b. negotiating, drafting, and pursuing all documentation
necessary in this case;
c. preparing on behalf of the Debtor all applications,
motions, answers, orders, reports, and other legal papers necessary
to the administration of the Debtor's estate;
d. appearing in court and protecting the interests of the
Debtor before the Court;
e. assisting with the Debtor's reorganization, including
drafting and negotiating any plan of reorganization or any
disposition of the Debtor's assets, by sale or otherwise;
f. attending all meetings and negotiating with representatives
of creditors, the United States Trustee, and other
parties-in-interest;
g. providing legal advice regarding bankruptcy law, corporate
law, corporate governance, transactional, tax, labor, litigation,
and other issues to the Debtor in connection with the Debtor's
ongoing business operations; and
h. performing all other legal services for, and providing all
other legal advice to, the Debtor which may be necessary and proper
in this case.
GCK's hourly rates are:
Shareholder $450
Senior Counsel $450 to $525
Partner / Associate $345 to $420
Legal Assistant / Paralegal $175
A retainer of $50,000 has been paid to the firm.
According to the application, Gensburg Calandriello & Kanter, P.C.
has no connection with the Debtor, creditors, or other parties in
interest and is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
E. Philip Groben, Esq.
GENSBURG CALANDRIELLO & KANTER, P.C.
200 West Adams Street, Suite 2425
Chicago, IL 60606
Telephone: (312) 263-2200
Email: pgroben@gcklegal.com
About Tru Lease LLC
Tru Lease LLC is a limited liability company.
The debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code on January 14, 2026 (Bankr. Case No. 26-00599). Its
filing lists estimated assets of no more than $100,000 and
estimated liabilities between $1 million and $10 million.
The debtor is represented by E. Philip Groben III, Esq., of
Gensburg Calandriello & Kanter, P.C.
TRU LEASE: Seeks to Hire Kreshmore Group LLC as Financial Advisors
------------------------------------------------------------------
Tru Lease LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Illinois to hire Kreshmore Group LLC as
financial advisors.
The firm's services include:
a. providing financial analysis, profitability, and weekly
cash flow forecasting, which will be used to manage liquidity and
track operating performance, along with the mitigation and
elimination of instances of underperformance;
b. budgeting the Debtor's costs and assessing each line item
for potential cost savings;
c. assessing and improving the Debtor's liquidity by focusing
on working capital efficiency, such as assessing ways to manage
accounts payable and vendor relationships to receive the highest
value for spending;
d. providing plan feasibility analysis to consider alternative
options in go-forward scenarios compared to a liquidation
scenario;
e. providing financial analysis support regarding adequate
protection payments; and
f. performing all other services for, and providing all other
necessary advice to, the Debtor which may be necessary and proper
in these cases.
Kreshmore's rates are:
Senior Professional Staff $500 per hour
Director $395 per hour
Senior Associate $300 per hour
Associate/Analyst $200 per hour
Joseph Wabick, a managing partner at Kreshmore Group, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Joseph Wabick, Esq.
Kreshmore Group
14216 McCarthy Rd.
Lemont, IL 60439
Tel: (708) 719-4118
Email: Jwabick@kreshmore.com
About Tru Lease LLC
Tru Lease LLC is a limited liability company.
The debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code on January 14, 2026 (Bankr. Case No. 26-00599). Its
filing lists estimated assets of no more than $100,000 and
estimated liabilities between $1 million and $10 million.
The debtor is represented by E. Philip Groben III, Esq., of
Gensburg Calandriello & Kanter, P.C.
TWO JAYS PROPERTIES: Daniel Etlinger Named Subchapter V Trustee
---------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of
Underwood Murray, P.A. as Subchapter V trustee for Two Jays
Properties & Rentals, LLC.
Mr. Etlinger will be paid an hourly fee of $350 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Etlinger declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Daniel E. Etlinger
Underwood Murray, P.A.
100 N. Tampa Street, Suite 2325
Tampa Florida 33602
(813) 540-8401
Email: detlinger@underwoodmurray.com
About Two Jays Properties & Rentals LLC
Two Jays Properties & Rentals, LLC filed a petition under Chapter
11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Fla. Case No.
26-40045) on January 28, 2026, listing assets of between $500,000
and $1 million and liabilities of between $1 million and $10
million. Blanche Berry, manager, signed the petition.
Byron W. Wright III, Esq., at Bruner Wright, P.A. represents the
Debtor as legal counsel.
TWO JAYS: Daniel Etlinger Named Subchapter V Trustee
----------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of
Underwood Murray, P.A. as Subchapter V trustee for Two Jays at The
Bricks, LLC.
Mr. Etlinger will be paid an hourly fee of $350 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
Mr. Etlinger declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.
The Subchapter V trustee can be reached at:
Daniel E. Etlinger
Underwood Murray, P.A.
100 N. Tampa Street, Suite 2325
Tampa Florida 33602
(813) 540-8401
Email: detlinger@underwoodmurray.com
About Two Jays at The Bricks LLC
Two Jays at The Bricks, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-40044) on
January 28, 2026, listing assets of between $500,001 and $1 million
and liabilities of between $1 million and $10 million.
Byron Wright, III, Esq., at Bruner Wright, P.A. represents the
Debtor as legal counsel.
U.S. TELEPACIFIC: Capital Southwest Marks $2.68M 1L Loan at 60% Off
-------------------------------------------------------------------
Capital Southwest Corporation has marked its $2,677,000 loan
extended to U.S. Telepacific Corp. to market at $1,082,000 or 40.4%
of the outstanding amount, according to Capital Southwest's Form
10-Q for the fiscal year ended December 31, 2025, filed with the
U.S. Securities and Exchange Commission.
Capital Southwest Corporation is a participant in a First Loan
extended to U.S. Telepacific Corp. The loan accrues interest at a
rate of 11.94% per annum. The loan matures on May 2, 2026.
Capital Southwest Corporation (CSWC) is an internally managed
investment company that specializes in providing customized
financing to middle market companies in a broad range of investment
segments located primarily in the United States. CSWC has elected
to be regulated as a business development company under the 1940
Act. The Company's common stock currently trades on The Nasdaq
Global Select Market under the ticker symbol "CSWC."
The Company is led by Michael S. Sarner as President and Chief
Executive Officer and Chris T. Rehberger as Chief Financial
Officer, Treasurer and Secretary.
The Company can be reached at:
Michael S. Sarner
Capital Southwest Corporation
8333 Douglas Avenue, Suite 1100
Dallas, TX 75225
Telephone: (214) 238-5700
About U.S. Telepacific Corp.
U.S. TelePacific Corp., doing business as, TPx Communications,
provides telecommunication services. The Company offers local and
long distance voice, data, cloud storage, internet access,
communications, and collaboration services, as well as remote work,
managed IT, and connectivity solutions.
VARSITY BRANDS: Agrees to Settle Data Breach Suit for $1.1-Mil.
---------------------------------------------------------------
Chloe Gocher of ClassAction.org reports that Varsity Brands Inc., a
school sports supplies retailer and manufacturer, will pay $1.1
million to settle a class action lawsuit that claims it failed to
prevent a May 2024 data breach that allowed cybercriminals to
access the sensitive personal information in Varsity Brands' care.
The Varsity Brands class action settlement received preliminary
court approval on December 16, 2025 and covers all U.S. residents
whose private data was potentially exposed in the Varsity Brands
data breach.
The court-approved website for the Varsity Brands settlement can be
found at VBDataIncidentSettlement.com.
Varsity Brands settlement class members who submit a timely, valid
claim form will be able to receive a cash payment of approximately
$100; up to $6,500 in reimbursement for documented, out-of-pocket
losses related to the data breach; and two years of credit
monitoring and identity theft protection services.
The approximately $100 cash payment may be increased or decreased
on a pro rata, or equal-share, basis depending on the total number
of valid claims filed.
Reimbursable out-of-pocket losses must be fairly traceable to the
Varsity Brands data breach and may include:
-- Long-distance telephone charges;
-- Gasoline for local travel;
-- Bank fees;
-- Cell phone charges, if charged by the minute;
-- Data charges, if charged by the amount of data used;
-- Postage;
-- Fees for credit reports, credit monitoring or other identity
theft insurance products purchased between May 24, 2024 and April
15, 2026; and
-- Losses resulting from fraud, identity theft or similar
victimization as a result of the data breach.
Per the settlement agreement, the credit monitoring and identity
theft protection services will include three-bureau credit
monitoring and $1,000,000 in identity theft protection insurance.
To submit a claim form, class members can visit this page of the
settlement website and log in with their last name and the unique
notice ID found in their copy of the settlement notice.
All claim forms must be submitted online by April 15, 2026.
Varsity Brands has also agreed, as part of the settlement, to
implement system and business practice changes to help prevent
future data breach incidents.
A hearing is scheduled for May 13, 2026 to determine whether the
settlement will receive final court approval. Settlement benefits
will begin to be distributed only after final approval has been
granted and any appeals have been resolved.
The Varsity Brands class action lawsuit alleged that the company
failed to prevent a data breach that occurred on May 22, 2024 and
allowed cybercriminals to access sensitive private data stored in
Varsity Brands' internal systems, including names, Social Security
numbers, dates of birth, driver's license numbers, credit card
information, financial account information and health insurance
data. [GN]
VERA HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Vera Holdings & Investments, Inc
1811 and 1818 Greenleaf Lane
Leesburg, FL 34748
Business Description: Vera Holdings & Investments Inc. is a
Florida-based holding company that owns and manages commercial real
estate assets, including a vacant commercial property located in
Fruitland Park, Florida.
Chapter 11 Petition Date: February 4, 2026
Court: United States Bankruptcy Court
Middle District of Florida
Case No.: 26-00763
Judge: Hon. Grace E Robson
Debtor's Counsel: Frank M. Wolff, Esq.
NARDELLA & NARDELLA, PLLC
135 W. Central Blvd
Suite 300
Orlando, FL 32801
Tel: 407-966-2680
Email: fwolff@nardellalaw.com
Estimated Assets: $500 million to $1 billion
Estimated Liabilities: $10 million to $50 million
The petition was signed by Matthew M. King, Jr. as president.
A full-text copy of the petition is available for free on
PacerMonitor at:
https://www.pacermonitor.com/view/UXNFOBA/Vera_Holdings__Investments_Inc__flmbke-26-00763__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's 20 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
1. American Express $1,531,096
2. Apex Tool Group, LLC $5,688,491
13620 Reese
Boulevard Pkwy
East, Suite 4
Huntersville, NC 28078
3. Baccus Global $347,742
225 NE Mizner
Blvd Ste 301
Boca Raton, FL 33432
4. Capital One $928,369
5. CMT USA $1,075,306
7609 Bentley Rd
Ste D
Greensboro, NC 27409
6. Emerson Professional Tools LLC $483,028
PO Box 730138
Dallas, TX 75373
7. Fairwinds Credit Union $5,034,729
135 W. Central Blvd
Suite 200
Orlando, FL 3280
8. Festool USA, LLC $300,000
CH17429
Palatine, IL 60055
9. Freud America Inc. $347,523
PO Box 7187
High Point, NC 27264
10. Generac $493,876
S45 W29290 State
Road 59
Waukesha, WI 53189
11. Get Parker Credit Card Credit Card $1,599,201
Purchases
12. Henkel Corporation $509,761
PO Box 738841
Dallas, TX 75373
13. Justrite Safety Group $441,852
3921 Dewitt Ave
Mattoon, IL 61938
14. Lentus, LLC $315,047
215 Celebration Pl,
Ste 520
Kissimmee, FL 34747
15. Libertas Funding $4,761,904
411 West Putnam Ave
Suite 220
Taftville, CT 06380
16. Makita USA $1,375,579
PO Box 60459
Los Angeles, CA 90060
17. Meguiar's Inc. $434,883
PO Box 843981
Dallas, TX 75284
18. Ramp Credit Card Credit Card $448,913
Purchases
19. Rust-Oleum $1,233,108
11 E Hawthorn Pkwy
Vernon Hills, IL 60061
20. Southwire Company $2,132,122
1 Southwire Drive
Carrollton, GA 30119
VERA HOLDINGS: Starts Chapter 11 Bankruptcy in Florida
------------------------------------------------------
On February 4, 2026, Vera Holdings & Investments, Inc. sought
bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court
for the Middle District of Florida. The filing lists total debt
between $10 million and $50 million, owed to 50–99 creditors.
About Vera Holdings & Investments, Inc.
Vera Holdings & Investments, Inc. is a Florida-based holding
company managing investment assets across multiple sectors.
The Debtor filed its Chapter 11 petition under the U.S. Bankruptcy
Code (Bankr. Case No. 26-00763) on February 4, 2026. In its filing,
the company disclosed estimated assets of $500 million–$1 billion
and estimated liabilities of $10 million–$50 million.
Honorable Bankruptcy Judge Grace E. Robson oversees the
proceedings.
The Debtor is represented by Frank M. Wolff, Esq. of Nardella &
Nardella, PLLC.
VILLAGE ROADSHOW: Class 3A Unsecureds to Recover 100% of Claims
---------------------------------------------------------------
Village Roadshow Entertainment Group USA Inc. and its affiliates
filed with the U.S. Bankruptcy Court for the District of Delaware a
Disclosure Statement for the Joint Chapter 11 Plan of Liquidation
dated January 29, 2026.
Debtor Village Roadshow Entertainment Group (BVI) Limited ("VREG
BVI") is the parent holding company and the direct or indirect
controlling member and/or shareholder of its Debtor subsidiaries.
The Company is a leading independent producer and financier of
major Hollywood motion pictures, having produced and released over
100 films since its inception in 1997. As a market-leading
entertainment organization, the Company's affairs are complex. As
of the Petition Date, the Debtors operated several different
entities that were attached to two separate debt structures. The
Company's primary assets are contractual rights and intellectual
property related to motion picture films and television series.
Shortly after commencing these Chapter 11 Cases, Solic launched the
postpetition marketing process. This process was designed to build
upon the prepetition efforts by marketing the Debtors' assets to an
even broader group of potential buyers, which included the parties
who were contacted prepetition and additional parties identified by
the Debtors and their advisors. The expanded process included
strategic and financial parties as well as distress-oriented
investors who may be interested in the Debtors' intellectual
property and fixed assets.
On April 3, 2025, the Debtors received a letter proposal from Alcon
Media Group, LLC setting forth a bid for the Library Assets,
contingent upon being the new stalking horse bidder. As a result of
the extensive good-faith negotiations, and in consultation with
their other advisors, the Debtors determined that the Alcon
Stalking Horse Bid for the Library Assets was the highest and best
proposal received.
On April 16, 2025, the Debtors filed a motion [Docket No. 197] (the
"Stalking Horse Supplement") seeking entry of an order (a)
modifying the relief requested in the Bid Procedures and Sale
Motion, (b) approving (i) the designation of Alcon as the new
stalking horse bidder for the Debtors' Library Assets, (ii) the
Debtors' entry into an asset purchase agreement with Alcon setting
forth the terms of the Alcon Stalking Horse Bid for the Library
Assets ("Alcon Stalking Horse APA"), and (iii) an expense
reimbursement provided to Alcon pursuant to the terms of the Alcon
Stalking Horse APA, and (c) granting related relief.
On July 23, 2025, the sale of the Library Assets to Alcon closed,
and the Debtors filed the Notice of Library Assets Sale Closing.
Pursuant to the Library Assets Sale Order, the Debtors applied the
proceeds of the Library Assets sale: (a) first to the ABS Trustee
for the indefeasible payment in full of the outstanding Prepetition
ABS Obligations in accordance with the Prepetition ABS Agreements;
(b) second, to each of the DIP Secured Parties, amounts necessary
to indefeasibly satisfy all of the Debtors' obligations owed to
such DIP Secured Party in full in accordance with the DIP Documents
and the Final DIP Order; (c) third, to fund the Warner Bros.
Reserve; (d) fourth, to fund the Library Reserve; and (e) fifth, to
the Sellers.
Class 3A consists of Library Debtors General Unsecured Claims. On
the Effective Date, or as soon as reasonably practicable
thereafter, all Allowed Library Debtors General Unsecured Claims,
other than the Warner Bros. Claims, will be paid in full from the
Library Reserve, unless the Holder of an Allowed Library Debtors
General Unsecured Claim and the Debtors or the Liquidation Trustee,
as applicable, agree to less favorable treatment for such Holder,
in full and final satisfaction of its Allowed Library Debtors
General Unsecured Claim. Once the Warner Bros. Claims have been
determined by Final Order or by agreement of the parties and become
Allowed (if at all, or in whole or in part), the Warner Bros.
Claims will be paid in full in the Allowed amount, first from the
Warner Bros. Reserve, and second, to the extent that the Warner
Bros. Reserve is insufficient to satisfy the Warner Bros. Claims,
from the Library Reserve.
Class 3A is Unimpaired, and Holders of Library Debtors General
Unsecured Claims are conclusively presumed to have accepted the
Plan pursuant to section 1126(f) of the Bankruptcy Code. The
allowed unsecured claims in Class 3A total $119,292,360. This Class
will receive a distribution of 100% of their allowed claims.
Class 3B consists of Non-Library Debtors General Unsecured Claims.
On or prior to the Effective Date, the Debtors will fund the GUC
Trust with the GUC Trust Amount and the GUC Trust Initial Funding
Amount. Except to the extent that a Holder of an Allowed Non
Library Debtors General Unsecured Claim and the Debtors or the
Liquidation Trustee, as applicable, agree to less favorable
treatment for such Holder, in full and final satisfaction of its
Allowed Non-Library Debtors General Unsecured Claim, each Holder
thereof will receive 85% of its Allowed Claim from the GUC Trust
Net Amount; provided, for the avoidance of doubt, that if the value
of the GUC Trust Net Amount exceeds the GUC Recovery, such excess
amount shall be distributed to the Liquidation Trust for the sole
and exclusive benefit of Holders of Senior Secured Notes Claims.
Class 3B is Impaired, and Holders of Non-Library Debtors General
Unsecured Claims are entitled to vote to accept or reject the Plan.
The allowed unsecured claims total $8,579,606. This Class will
receive a distribution of 85% of their allowed claims.
On or after the Confirmation Date, the Debtors shall be authorized
to take all actions as may be deemed necessary or appropriate to
consummate any Sale Transactions pursuant to the terms of the Plan,
the Sale Orders, any Sale Documents, and the Confirmation Order,
and any such Sale Transactions shall be free and clear of any
Liens, Claims, Interests, and encumbrances pursuant to sections 363
and 1123 of the Bankruptcy Code as of the earlier of (i) the
closing date of such Sale Transaction and (ii) the Effective Date.
On the Effective Date, the Debtors, on their own behalf and on
behalf of the Liquidation Trust Beneficiaries, and the Liquidation
Trustee shall execute the Liquidation Trust Agreement and take all
other steps necessary to establish the Liquidation Trust pursuant
to the Liquidation Trust Agreement. On the Effective Date, and in
accordance with and pursuant to the terms of the Plan, the Debtors
shall irrevocably transfer and shall be deemed to have irrevocably
transferred to the Liquidation Trust all of their rights, title,
and interests in all of the Liquidation Trust Assets and, in
accordance with Section 1141 of the Bankruptcy Code, the
Liquidation Trust Assets shall automatically vest in the
Liquidation Trust free and clear of all Claims, Liens, encumbrances
or interests, subject to the terms of the Liquidation Trust
Agreement.
Subject to the provisions of the Plan concerning the Professional
Fee Reserve Account, the Debtors, the Liquidation Trustee or the
GUC Trustee, as applicable, shall fund distributions under the Plan
with Cash on hand on the Effective Date and the Debtors' other
assets.
A full-text copy of the Disclosure Statement dated January 29, 2026
is available at https://urlcurt.com/u?l=QeV72w from Kurtzman Carson
Consultants, LLC, claims agent.
Co-Counsel for the Debtors:
Joseph M. Mulvihill, Esq.
Benjamin C. Carver, Esq.
YOUNG CONAWAY STARGATT & TAYLOR, LLP
Rodney Square
1000 North King Street
Wilmington, DE 19801
Tel: (302) 571-6600
Fax: (302) 571-1253
Email: jmulvihill@ycst.com
bcarver@ycst.com
Co-Counsel for the Debtors:
Justin R. Bernbrock, Esq.
Matthew T. Benz, Esq.
SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
321 North Clark Street, 32nd Floor
Chicago, Illinois 60654
Tel: (312) 499-6300
Fax: (312) 499-6301
Email: jbernbrock@sheppardmullin.com
mbenz@sheppardmullin.com
- and -
Jennifer L. Nassiri, Esq.
1901 Avenue of the Stars, Suite 1600
Los Angeles, CA 90067
Tel: (310) 228-3700
Fax: (310) 228-3701
Email: jnassiri@sheppardmullin.com
- and -
Alyssa Paddock, Esq.
30 Rockefeller Plaza, 39th Floor
New York, NY 10112
Tel: (212) 653-8700
Fax: (212) 653-8701
E-mail: apaddock@sheppardmullin.com
About Village Roadshow Entertainment Group
Village Roadshow Entertainment Group USA Inc. and its affiliates
are a prominent independent producer and financier of major
Hollywood films, having produced over 100 successful movies since
1997. Their portfolio includes globally recognized blockbusters
such as "Joker," "The Great Gatsby," and the "Matrix" trilogy.
Before the WB Arbitration, which began in 2022, the Company had a
profitable and well-established co-production and co-financing
partnership with Warner Bros. Entertainment Inc. and its affiliates
("WB"), resulting in many successful projects. The Debtor's most
valuable assets include its Film Library and Derivative Rights,
stemming from its extensive and enduring film industry presence.
Village Roadshow Entertainment Group USA Inc. and its affiliates
sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
D. Del. Lead Case No. 25-10475) on March 17, 2025. In the petitions
signed by Keith Maib, chief restructuring officer, the Debtors
disclosed up to $500 million in estimated assets and up to $1
billion in estimated liabilities.
Bankruptcy Judge Thomas M. Horan handles the cases.
The Debtors tapped Young Conaway Stargatt & Taylor, LLP as local
counsel; Sheppard, Mullin, Richter & Hampton LLP as bankruptcy
counsel; Kirkland & Ellis LLP as special litigation counsel;
Accordion Partners, LLC as financial and restructuring advisor; and
Solic Capital Advisors, LLC as investment banker. Kurtzman Carson
Consultants, LLC, doing business as Verita Global, is the Debtors'
claims and noticing agent and administrative advisor.
VILLAGES HEALTH: Unsecured Claims Under $10K to Recover 90% in Plan
-------------------------------------------------------------------
The Villages Health System, LLC, filed with the U.S. Bankruptcy
Court for the Middle District of Florida a Disclosure Statement for
the Chapter 11 Plan of Liquidation dated January 29, 2026.
TVH was formed in 2012 as the result of a collaboration between The
Villages and The University of South Florida, which developed a
plan for offering high-quality health care by offering patients
enhanced resources and time with medical providers.
TVH operated ten primary and specialty care clinics (collectively,
the "Care Centers") known as (a) Brownwood Care Center, (b) Colony
Care Center, (c) Creekside Care Center, (d) Eastport Care Center,
(e) Lake Deaton Care Center, (f) Mulberry Grove Care Center, (g)
Pinellas Care Center, (h) Santa Barbara Care Center, (i) Specialty
Care at Spanish Springs, and (j) The Center for Advanced Healthcare
at Brownwood.
On the Petition Date, Debtor filed a motion for approval of
CenterWell Senior Primary Care (FL), Inc. ("Purchaser") as the
stalking horse bidder and certain procedures for the solicitation
of competing bids and, if necessary, conducting an overbid auction.
The Bankruptcy Court entered an order approving CenterWell as the
stalking horse bidder and the proposed procedures for the
solicitation of competing bids.
While Debtor engaged in substantive discussions with numerous
potential purchasers, Debtor only received one qualified overbid,
which triggered a competitive auction process. Per the bidding and
sale procedures, on September 7, 2025, Debtor held an auction for
the sale of substantially all assets of Debtor and its Estates. At
the conclusion of the auction, CenterWell was selected as the
winning bidder with a bid of $68 million on substantially better
terms, as compared to the Stalking Horse Bid. On September 9, 2025,
the Bankruptcy Court entered an order approving the winning bid and
sale to CenterWell.
The Sale closed on November 7, 2025.
Following consummation of the Sale, the Assets of the Estate
primarily consist of: (i) Cash and other cash equivalents (est. $13
million); (ii) the equity in a single family home located in The
Villages and previously used to house medical residents and
students (est. $300,000); (iii) certain uncollected accounts
receivables; and (iv) certain claims and Causes of Action,
including the Liquidating Trust Causes of Action. The Debtor and
Committee believe the Causes of Action have substantial value.
Class 3 consists of all Allowed Convenience Class Claims against
Debtor. Any General Unsecured Claim against the Debtor in an amount
equal to or less than $10,000.00 on a per claim basis, as
determined on the Effective Date, shall automatically constitute a
Convenience Class Claim. Any holder of a General Unsecured Claim
against the Debtor in an amount greater than $10,000.00 on a per
claim basis may elect for its General Unsecured Claim(s) to be
treated as a Convenience Class Claim by indicating such election on
its Ballot.
As soon as practicable following the Effective Date, but in no
event later than 30 days thereafter, each holder of an Allowed
Convenience Class Claim shall receive from the Liquidating Trustee,
in full and final satisfaction, settlement, release, and
extinguishment of such Claim, Cash in an amount equal to ninety
percent (90%) of its Class 3 Claim up to $9,000. For example, a
holder of an Allowed Convenience Class Claim in the amount of
$5,000 shall be entitled to a Distribution in the amount of $4,500
on account of its Class 3 Claim. As a further example, a holder of
a General Unsecured Claim in the amount of $15,000 that elects to
include such Claim in Class 3 shall be entitled to a Distribution
in the amount of $9,000 on account of such Claim.
On the Effective Date, any and all objections to the allowance or
payment of Class 3 Claims (pursuant to the treatment proposed
herein) shall be deemed waived, except for objections to the
validity or veracity of any Class 3 Claims. Class 3 is Impaired
under the Plan. Holders of Class 3 Claims are entitled to vote to
accept or reject the Plan.
Class 5 consists of all Allowed General Unsecured Claims against
Debtor. On the Effective Date, holders of Allowed General Unsecured
Claims shall receive a Pro Rata Share of the Class A Beneficial
Interests in the Liquidating Trust in full and final satisfaction,
settlement, release, and extinguishment of such Claim; provided
that if any Class 5 Claims are Disputed Claims on the Effective
Date, the holder of such Claim shall receive its Pro Rata Share of
the Class A Beneficial Interests upon allowance of its Class 5
Claim by Final Order of the Bankruptcy Court.
Holders of Class A Beneficial Interests in the Liquidating Trust
shall be entitled to a Pro Rata Share of any Distributions from the
Liquidating Trust per the terms of the Liquidating Trust Agreement
and Confirmation Order; provided, however, that such entitlement
shall be subject to the terms and provisions of the Plan, including
provisions governing the treatment of Disputed Claims. Class 5 is
Impaired under the Plan. Holders of Class 5 Claims are entitled to
vote to accept or reject the Plan.
Class 7 consists of all Allowed Equity Interests in Debtor. On the
Effective Date, all Equity Interests in Debtor shall be cancelled
and holders of Equity Interests shall receive no recovery on
account of such Interest. Class 7 is Impaired under the Plan.
The Liquidating Trustee shall be Neil Luria, with the assistance of
GBH SOLIC Holdco, LLC. The engagement and compensation of
professionals for the Liquidating Trustee for services rendered on
or after the Effective Date shall be governed in all respects by
the terms of the Plan, the Liquidating Trust Agreement, and the
Confirmation Order. All compensation for the Liquidating Trustee,
and Liquidating Trust Advisors, shall be paid from the Liquidating
Trust Assets, in accordance with the Liquidating Trust Agreement.
On the Effective Date, the Liquidating Trust shall be established
pursuant to the Liquidating Trust Agreement for the purpose of,
among other things, (i) investigating and, if appropriate, pursuing
the Causes of Action, (ii) administering, monetizing, and
liquidating the Liquidating Trust Assets, (iii) resolving all
Disputed Claims, if appropriate, and (iv) making all Distributions
from the Liquidating Trust as provided for in the Plan and the
Liquidating Trust Agreement. The Liquidating Trust Agreement shall
be filed with the Plan Supplement. The Liquidating Trust Agreement
shall be incorporated in full and made a part of the Plan upon
confirmation.
On the Effective Date, Debtor shall transfer to the Liquidating
Trust the Liquidating Trust Assets. The Liquidating Trust shall
administer the Liquidating Trust Assets and distribute the proceeds
thereof to the Beneficiaries of the Liquidating Trust in accordance
with the terms of the Liquidating Trust Agreement, Plan, and Plan
Confirmation Order.
A full-text copy of the Disclosure Statement dated January 29, 2026
is available at https://urlcurt.com/u?l=qdxhIe from Stretto, claims
agent.
Counsel for the Debtor:
Elizabeth A. Green, Esq.
Jimmy D. Parrish, Esq.
Andrew V. Layden, Esq.
BAKER & HOSTETLER LLP
200 South Orange Avenue
Suite 2300
Orlando, Florida 32801-3432
Telephone: 407.649.4000
Facsimile: 407.841.0168
Email: egreen@bakerlaw.com
jparrish@bakerlaw.com
alayden@bakerlaw.com
Michael T. Delaney, Esq.
BAKER & HOSTETLER LLP
Key Tower
127 Public Square, Suite 2000
Cleveland, Ohio 44114
Telephone: 216.621.0200
Facsimile: 216.696.0740
Email: mdelaney@bakerlaw.com
About The Villages Health System
The Villages Health System, LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No.
6:25-bk-04156) on July 3, 2025. In the petition signed by Neil F.
Luria, chief restructuring officer, the Debtor disclosed listed
between $50 million and $100 million in assets and between $100
million and $500 million in liabilities.
Judge Lori V. Vaughan oversees the case.
Elizabeth A. Green, Esq., at Baker & Hostetler, LLP, represents the
Debtor as legal counsel.
VISALUS INC: Amends Unsecured Claims Pay Details
------------------------------------------------
ViSalus, Inc. submitted a Second Amended Plan with Incorporated
Adequate Disclosures dated January 29, 2026.
The Debtor proposes to monetize its Assets for the benefit of
creditors. Given the nature of the Debtor's Assets as of the
Petition Date, their value is unknown and may potentially even be
worthless.
To preserve the potential value of the Debtor's NOLs and its equity
ownership in a subsidiary with the Liv IP, the Debtor proposes that
it continue operating through the Plan to re activate its travel
related business and sell 49 percent of its equity to a business
partner well-situated to monetize the NOLs and Liv IP for the
benefit of creditors.
Separately, the Debtor proposes establishing a Post-Effective Date
Trust which will allow Holders of Allowed General Unsecured Claims
the best chance at receiving future distributions on their Allowed
Claims after monetizing the Trust Assets.
The Debtor's projected Disposable Income over the 3-year life of
the Plan is zero given the nature of the Assets and the risks
involved in monetizing them. This Plan proposes that the Debtor
partner with its equity investor to monetize the Liv IP and NOLs.
The exact timing and nature of ViSalus's future business is
undetermined and will required extensive consultation with tax and
accounting experts.
Additionally, on the condition that the Plan is confirmed by the
Court, a third-party investor, B:HIP Global, Inc. has agreed to
contribute $50,000 to the Post-Effective Date Trust (the "Trust
Cash Amount") on or before the Effective Date of the Plan. The
Trust Cash Amount will be reserved compensation of the Post
Effective Date Trustee. Any additional compensation will be set in
accordance with the compensation schedule then in effect for
chapter 7 trustees.
Further B:HIP Global, Inc. has agreed to provide a $150,000 line of
credit to ViSalus to ensure that the enterprise has sufficient
liquidity monetize the Liv IP and NOLs post-confirmation. With
respect to the Post-Effective Date Trust, the Debtor has identified
two candidates who are available to serve as Post Effective Date
Trustee with the compensation terms: Buffey Klein and Eric English.
Class One shall consist of all Allowed Unsecured Claims against the
Debtor. The Class One Claims are impaired. In full and final
satisfaction of the Claims in Class One, as of the Effective Date,
all Class One Claims shall be channeled exclusively to, and all the
Debtor's liability for such Claims, shall be incurred in full and
assumed by the Post-Effective Date Trust and the Class One Claims
shall in return receive the Trust Interests. Subject to the Trust
Agreement, each Holder of an Allowed Class One Claim shall be
entitled to receive its Pro Rata share of the Distributable Value
of the Trust Assets with all other Class One Claims.
Holders of Allowed Class One Claims against the Debtor shall not
receive any payment from the Trust unless and until the Post
Effective Date Trustee resolves the Claims in accordance with the
Trust Agreement. The sole recourse of any Holder of Class One Claim
against the Debtor shall be to the Post-Effective Date Trust.
Class Two shall consist of all equity interests of the Debtor. The
interests in Class Two are impaired in that they are cancelled. No
Holders of interests shall receive any on account their interests.
During the period from the Confirmation Date through and until the
Effective Date, the Debtor may continue to operate as a debtor-in
possession, subject to all applicable orders of the Bankruptcy
Court.
The Debtor and B:HIP Global, Inc. (the "Purchaser") will consummate
a Stock Purchase and Chapter 11 Plan Support Agreement under which
Purchaser will acquire forty-nine percent of the Debtor's newly
issued stock. Twenty-five percent of the Debtor's newly issued
stock will be issued to the Post Effective Date Trust. Twenty-six
percent of the Debtor's newly issued stock will be issued to Blake
Mallen and/or Nick Sarnicola in amounts decided in consultation
with the Purchaser as compensation for their anticipated services
to the Reorganized Debtor.
A full-text copy of the Second Amended Plan dated January 29, 2026
is available at https://urlcurt.com/u?l=XoDn0F from
PacerMonitor.com at no charge.
Counsel for the Debtor:
Christopher E. Prince, Esq.
Lesnick Prince & Pappas LLP
315 W. Ninth St., Suite 705
Los Angeles, CA 90015
Telephone: (213) 493-6496
Facsimile: (213) 493-6596
Email: cprince@lesnickprince.com
- and -
Local Counsel for the Debtor:
Jeff Carruth, Esq.
Weycer, Kaplan, Pulaski & Zuber, P.C.
2608 Hibernia, Suite 105
Dallas, TX 75204-2514
Telephone: (713) 341-1158
E-mail: jcarruth@wkpz.com
About Visalus Inc.
ViSalus, Inc., is a direct-to-consumer, personal health product
company.
ViSalus Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D. Tex. Case No. 24-42952) on Dec. 5, 2024. In the
petition filed by Niklas Sarnicola, as authorized representative,
the Debtor reports estimated assets between $1 million and $10
million and estimated liabilities between $50 million and $100
million.
The Debtor is represented by Jeff Carruth, Esq., at WEYCER KAPLAN
PULASKI & ZUBER P.C.
VOCI CENTER: Seeks to Tap Essex Richards PA as Bankruptcy Counsel
-----------------------------------------------------------------
Voci Center Plastic Surgery, P.A. seeks approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to hire
Essex Richards, P.A. as bankruptcy counsel.
The firm will render these services:
(a) provide legal advice concerning the responsibilities as a
Chapter 11 Debtor and the continued management of its business;
(b) negotiate, prepare, and pursue confirmation of a Chapter
11 plan and approval of disclosure statement, and all related
reorganization agreements and/or documents;
(c) prepare all necessary motions, applications, reports,
orders, objections and the like associated with prosecuting the
Chapter 11 case;
(d) prepare and appear in Bankruptcy Court to protect the
Debtor's best interests;
(e) perform all other legal services for the Debtor which may
become necessary in this Chapter 11 case; and
(f) prosecute and defend the Debtor in all adversary
proceedings related to the base case.
The firm's current hourly rates:
John C. Woodman $475
Paralegal $200
Staff $65
In addition, the firm will seek reimbursement for expenses
incurred.
Mr. Woodman disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.
The firm can be reached through:
John C. Woodman, Esq.
Essex Richards, PA
1701 South Blvd.
Charlotte, NC 28203
Telephone: (704) 377-4300
About Voci Center Plastic Surgery, P.A.
Voci Center Plastic Surgery, P.A. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C.
Case No. 26-30099) on January 27, 2026, listing $100,001 to
$500,000 in assets and $500,001 to $1 million in liabilities.
Judge Laura T Beyer presides over the case.
John C. Woodman, Esq. at ESSEX RICHARDS PA serves as the Debtor's
counsel.
VSBROOKS INC: Unsecured Creditors to Split $12,500 in Plan
----------------------------------------------------------
VSBrooks, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Florida an Amended Plan of Reorganization
dated January 29, 2026.
The Debtor has been in business for over 25 years and is a
certified Women-Owned Florida corporation headquartered in Miami,
Florida.
The Debtor operates a full-service agency that offers complete
range of services including marketing research, media planning,
creative, production, and more to health and wellness companies.
Since entering Chapter 11, the Debtor has continued operations at
with the goal of stabilizing sales, reducing expenses, and
positioning the business for long-term viability. The Debtor's
restructuring needs follow the loss of a significant client and
resulting revenue loss. The Debtor's principal has restructured and
replaced some of the loss business.
While that effort has resulted in new business, the Debtor is still
in recovery mode while ramping up sales. This fiscal year, the
Debtor is tracking revenue of approximately 14 million dollars (an
increase of approximately 15% from last year).
The Debtor has provided projected financial information as Exhibit
B (the "Projections") which show that the Debtor will have
sufficient projected disposable income to make all payments under
the Plan. The final Plan payment is expected to be paid on or
before the expiration of 36 months from the Effective Date.
Class 3 consists of Allowed General Unsecured Claims. Allowed Class
3 Claims will receive pro rata payments of $2,500 every quarter
starting on the Effective Date for a total payout to Class 3 in the
amount of $12,500. Class 3 is Impaired and entitled to vote.
Class 4 consists of Equity Interests of Diana V. Brooks, Anais
Rodriguez and Roberto Canales. On the Effective Date, the Equity
Interests will be retained in the same amounts and character as
they were held prior to the Petition.
On the Effective Date, all property of the Debtor not otherwise
disposed of under the Plan, shall vest with the Reorganized
Debtor.
The Plan proposes to pay Allowed Claims to be paid under the Plan
from Projected Net Disposable Income.
The term "Debtor's Projected Net Disposable Income" has the meaning
ascribed to the term under Section 1191(d) of the Bankruptcy Code.
The Debtor has committed more than 100% of its Projected Net
Disposable Income for a period of 36 months.
A full-text copy of the Amended Plan of Reorganization dated
January 29, 2026 is available at https://urlcurt.com/u?l=sxA7TE
from PacerMonitor.com at no charge.
About VSBROOKS Inc.
VSBROOKS Inc., doing business as The 3rd Eye Creative Agency, is a
certified women-owned independent full-service marketing agency in
Miami specializing in health and wellness brands. With more than 25
years of experience, it focuses on generational healthcare
advertising, women's healthcare initiatives, multicultural audience
engagement and B2B growth within regulatory compliance.
VSBROOKS sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. Case No. 25-18690) on July 29, 2025. In its
petition, the Debtor reported estimated assets between $500,000
andb $1 million and estimated liabilities between $1 million and
$10 million.
Honorable Bankruptcy Judge Laurel M. Isicoff handles the case.
The Debtor is represented by:
Jacqueline Calderin, Esq.
Email: 305-722-2002
Email: jc@agentislaw.com
Robert P. Charbonneau, Esq.
Tel: 305-722-2002
Email: rpc@agentislaw.com
WE WEST TEXAS: Seeks to Hire Hayward PLLC as Bankruptcy Counsel
---------------------------------------------------------------
WE West Texas Towco, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire Hayward PLLC as
general bankruptcy counsel.
The firm's services include:
a. give the Debtor legal advice with respect to its powers and
duties as Debtor as Debtor-in-Possession in the continued operation
of its business and management of its property;
b. advise the Debtor of its responsibilities under the
Bankruptcy Code and assist with such;
c. prepare and file Voluntary Petition, DIP Loan Financing,
and other paperwork necessary to commence this proceeding;
d. assist in preparing and filing the required Schedules,
Statement of Affairs, Monthly Financial Reports, and any amendments
thereto;
e. assist in preparing the Initial Debtor's Report and other
documents required by the Bankruptcy Code, the Federal Rules of
Bankruptcy Procedure, the Local Rules of this Court and the
administrative procedures of the Office of the United States
Trustee;
f. represent the Debtor in connection with adversary
proceedings and other contested and uncontested matters, both in
this Court and in other courts of competent jurisdiction,
concerning any and all matters related to these bankruptcy
proceedings and the financial affairs of the Debtor;
g. represent the Debtor in the negotiation and documentation
of any sales or refinancing of property of the Chapter 11 Case, and
in obtaining the necessary approvals of such sales or refinancing
by this Court; and
h. assist the Debtor in the formulation of, among other
things, a plan of reorganization and disclosure statement, and in
taking the necessary steps in this Court to obtain approval of such
disclosure statement and confirmation of such plan of
reorganization.
The firm will be paid at these rates:
Charlie Shelton $600 per hour
Other attorneys and clerks $300 to $550 per hour
Paralegals $150 to $215 per hour
Legal Assistants $95 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
On Dec. 22, 2025, Sheffield paid $10,000 as a retainer.
Charlie Shelton, a partner of Hayward PLLC, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached at:
Charlie Shelton, Esq.
Hayward PLLC
7600 Burnet Road, Suite 530
Austin, TX 78757
Tel: (737) 881-7102
Email: cshelton@haywardfirm.com
About WE West Texas Towco LLC
WE West Texas Towco, LLC provides towing, roadside assistance, and
vehicle recovery services across West Texas, including light,
medium, and heavy-duty towing for motorcycles, cars, semi-trucks,
and construction equipment.
Towco and its subsidiary, Sheffield Towing Service, LLC, filed
Chapter 11 petitions (Bankr. W.D. Texas Lead Case No. 26-70003) on
January 2, 2026. At the time of the filing, Towco reported
$6,550,489 in total assets and $2,255,739 in total liabilities
while Sheffield reported between $1 million and $10 million in
assets and liabilities.
Charlie Shelton, Esq., at Hayward, PLLC represents the Debtors as
legal counsel.
WEEDEN RANCH: Seeks to Hire Phillips Realty as Real Estate Broker
-----------------------------------------------------------------
Weeden Ranch LLC seeks approval from the U.S. Bankruptcy Court for
the District of Montana to employ Phillips Realty as real estate
broker.
The firm will market and sell the Debtor's property commonly known
as Judith Mountain Ranch (T15N, R19E (652.08 acres indicated by
Dept. of Revenue), Section 01: SW4, NW4SE4; Section 02: SE4SE4, G
LTS 1, 2, 3, 4 & S2N2 LS Kelly Hill Pines Minor SubD & COS).
The professional services that Phillips is to render are:
a. represent the Debtor and bankruptcy estate as the listing
agents related to the marketing and sale of certain real property
listed above located in Lewistown, Montana; and
b. provide the Debtor and estate with any and all other
professional services as may be required to effectuate a sale of
the subject real property.
Phillips will be entitled to receive a real estate sales commission
in the amount of 6 percent of the gross sales price.
Todd Phillips, a broker at Phillips Realty, assured the court that
the firm is a "disinterested person" within the meaning of 11
U.S.C. 101(14).
The firm can be reached through:
Todd Phillips
Phillips Realty
207 West Main, Suite 4
Lewistown, MT 59457
Phone: (406) 538-5271
Email: info@phillips-realty.com
About Weeden Ranch LLC
Weeden Ranch LLC is a Montana-based ranching company operating from
Lewistown, engaged in cattle raising and land management in Fergus
County.
Weeden Ranch sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 25-40104) on
December 15, 2025. In the petition signed by Monte Weeden, manager,
the Debtor disclosed up to $10 million in both assets and
liabilities.
Honorable Bankruptcy Judge Benjamin P. Hursh handles the case.
The Debtor is represented by DBS Law and Christian, Samson,
Baskett, Phelan & Bell, PLLC.
WEST SIDE ENTERPRISES: Seeks Chapter 11 Bankruptcy in New Jersey
----------------------------------------------------------------
On February 5, 2026, West Side Enterprises LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt, owed to 1–49 creditors.
About West Side Enterprises LLC
West Side Enterprises LLC is a limited liability company.
West Side Enterprises LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-11328) on February 5,
2026. In its petition, the Debtor reports estimated assets of
$0–$100,000 and estimated liabilities of $100,001–$1,000,000.
The Debtor is represented by Cassandra C. Norgaard, Esq. of
Norgaard O’Boyle.
WHITEWATER WHISTLER: Moody's Alters Outlook on Ba2 CFR to Negative
------------------------------------------------------------------
Moody's Ratings changed WhiteWater Whistler Holdings, LLC's
(WhiteWater Whistler) outlook to negative from stable. The Ba2
Corporate Family Rating, Ba2-PD Probability of Default Rating, and
Ba2 backed senior secured term loan B3 rating were affirmed.
"WhiteWater Whistler's partially owned subsidiaries have incurred
debt to fund new pipeline construction." said Jake Leiby, Moody's
Ratings Senior Analyst. "The incurrence of this debt will extend
the timeline for the company achieving its previously expected
leverage levels."
RATINGS RATIONALE
The change in WhiteWater Whistler's outlook to negative reflects
the impact that recent debt incurrence at partially owned
subsidiaries to fund new pipeline construction will have on its
ability to reduce leverage to levels previously expected. The
Blackcomb and Traverse pipeline projects incurred substantial debt
in 2025, which WhiteWater Whistler owns a 35.4% interest. More
recently, around $1.2 billion of additional debt was incurred at
Bay Runner, LLC, to fund the construction of that pipeline, in
which WhiteWater Whistler has a 50.6% ownership interest. This
negatively impacted WhiteWater Whistler's pro rata consolidated
credit metrics and extended the timeline for the expected
deleveraging and metrics improvement.
WhiteWater Whistler's Ba2 CFR is supported by its 50.6% ownership
in Whistler Pipeline, LLC (Whistler, Baa3 stable), 35.4% interest
in Blackcomb and Traverse Pipeline, LLC (Blackcomb and Traverse,
unrated), and 50.6% interest in Bay Runner Pipeline, LLC (Bay
Runner, unrated). The Whistler Pipeline has been in service since
2021, the Blackcomb Pipeline is expected to be in service in the
fourth quarter of 2026, the Bay Runner pipeline is expected to be
in service in the second half of 2026, and the Traverse Pipeline is
expected to be in service in mid-2027. WhiteWater Whistler's credit
profile benefits from the 100% take-or-pay contracts (minimum
volume commitments, or MVCs) on its pipeline assets with a weighted
average remaining contract tenure on the Whistler mainline of
nearly nine years. 99% of Whistler's revenue is derived from
investment grade shippers and a weighted average counterparty
credit rating in the low A range. WhiteWater Whistler receives
relatively predictable distributions from its ownership interest in
Whistler, and its standalone holding company only debt leverage and
interest coverage remain supportive of its rating.
WhiteWater Whistler's CFR also reflects the term loan's structural
subordination to project level balance sheet debt held at Whistler,
Blackcomb and Traverse, and Bay Runner. WhiteWater Whistler does
not own physical assets and does not generate revenue or cash flow,
leaving it entirely dependent on distributions derived from its
various ownership interests to service its term loan. WhiteWater
Whistler currently receives distributions only from Whistler.
Distributions from Whistler are subject to the terms of its debts
and future distributions from Blackcomb and Traverse and Bay Runner
will be subject to the terms of their debts.
The secured Term Loan is rated Ba2, same as the Ba2 CFR, reflecting
a single class of debt with no other priority-claim debt present
ahead of the Term Loan in WhiteWater Whistler's capital structure.
Moody's expects WhiteWater Whistler to maintain adequate liquidity
through at least mid 2027. Distributions from Whistler have been
fairly consistent and the company should start to receive
distributions from Blackcomb and Traverse and Bay Runner beginning
in 2027. WhiteWater Whistler does not have a revolving credit
facility but does maintain a small cash balance to cover unplanned
operating expenses and has a debt service reserve account backed by
a $25 million letter of credit facility. WhiteWater Whistler is
currently fully dependent on cash distributions from Whistler to
service its debts and to support any distributions to its owners.
WhiteWater Whistler's Term Loan B requires excess liquidity to be
swept into mandatory prepayments based on preset debt/EBITDA
levels. The Term Loan B contains a financial covenant requiring the
maintenance of a debt service coverage ratio no less than 1.1x,
which Moody's expects to be met by an acceptable margin.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
WhiteWater Whistler's ratings could be downgraded if the credit
profile of Whistler or its other pipelines materially declines
including if the credit quality of its contracted shippers
deteriorates and remaining contract term shortens significantly.
Substantial delays in project completion or cost overruns for the
new pipelines could drive a ratings downgrade. The ratings could
also be downgraded if FFO/debt remains below 10%.
An upgrade of WhiteWater Whistler's ratings would require a
material improvement in Whistler's credit profile and the credit
profile of its other pipelines. Additionally, the ratings could be
upgraded if proportionately consolidated debt/EBITDA declines below
4x with FFO/Debt above 20% alongside a strong contractual position.
WhiteWater Whistler Holdings, LLC is an I Squared Capital backed
holding company that owns a 50.6% operating interest in the
Whistler natural gas pipeline and other associated assets in Texas.
The company, through various subsidiaries, holds a 51% interest in
Whistler Pipeline, 35% interest in ADCC Pipeline, 25% interest in
Waha Gas Storage, 51% interest in Bay Runner, and 35% interest in
Blackcomb and Traverse pipelines.
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.
WILDFLOWER INVESTMENT: Unsecureds Will Get 90% of Claims in Plan
----------------------------------------------------------------
Wildflower Investment Properties II, LLC, filed with the U.S.
Bankruptcy Court for the Northern District of California a
Disclosure Statement describing Chapter 11 Plan dated January 29,
2026.
The Debtor is a limited liability company formed in February, 2022
under the laws of the State of California. Jeffrey Hansen, the
court-appointed Responsible Person is the Managing Member and owner
of a 50% membership interest.
In or about August, 2022, the Debtor borrowed the sum of $487,000
from Anne Freeman, Trustee of the Anne Freeman Family Trust, dated
June 5, 2014. In exchange, the Debtor executed a Promissory Note
obligating repayment of the debt with non-default interest of 13%
per annum and gave Ms. Freeman a consensual lien encumbering the
Real Property, which was perfected on August 7, 2025 with the
recording of a Deed of Trust. The loan matured on September 1,
2025.
The Real Property is property of the bankruptcy estate. Its value
is approximately $650,000 and it encumbered by a lien securing a
$555,000 debt owed to Anne Freeman. Property of the estate also
includes a Wells Fargo debtor-in-possession Account with a balance
of approximately $3,025, and the Debtor's post-petition rental
income. The rental income and deposited funds in the
debtor-in-possession account represent cash collateral securing
Anne Freeman's claim as provided in her Deed of Trust.
Under the Plan, the Debtor will retain the real property located at
187 Main St., Point Arena, CA, at least until the Real Property is
refinanced or sold (with the former being the Debtor's goal).
The Plan modifies the secured claim of Anne Freeman, Trustee of the
Anne Freeman Family Trust, dated June 5, 2014 (Poof of Claim No. 3)
by restructuring it based on a full 30-year amortization of
principal and interest at a market rate, with the balance being due
at five years from the Effective Date of the Plan. Under the Plan,
the Debtor will make monthly payments to Ms. Freeman until such
time as her claim is satisfied.
The Plan proposes to pay administrative claims and other priority
claims in full, and proposes to pay 90% of allowed general
unsecured claims. The Plan further provides that claims will be
paid as provided in the Plan from proceeds from a refinance or
sale. Under the Plan, the Debtor may transfer title to 187 Main
St., Point Arena, CA to 610 Properties, LLC as a condition of
refinance.
The 90% dividend proposed by the Plan on account of unsecured
claims exceeds what would likely available to general unsecured
creditors in the event of a liquidation in Chapter 7. If unsecured
creditors would be paid at all in a Chapter 7 case, it would be
from proceeds from a sale of 187 Main St., Point Arena, CA
(hereinafter the "Real Property") conducted by a trustee.
Class 4 consists of Unsecured Claims. Allowed claims of creditors,
other than those holding allowed Class 1 Claims, Class 2 Claims,
Class 3 Claims and Class 5 Interests including, but not limited to,
creditors whose claims may arise out of the rejection of executory
contracts and secured creditors to the extent that the Bankruptcy
Court finds the same unsecured in whole or in part.
Holders of Class 4 Claims shall be paid 90% of their Allowed Claims
over a period of 1-year in four equal quarterly installments
beginning on the Effective Date of the Plan. Class 4 Claims will be
paid upon refinance or sale of the real property.
Based on the expected amount of Class 4 claims, i.e., $3,183.63,
the Debtor would pay under the Plan a total of $2,865.27 in four
equal quarterly installments of $716.32 which would be shared pro
rata by creditors holding Class 4 claims. As with the other classes
of claims, the likelihood is that Class 4 claims will be paid much
sooner from proceeds of refinance.
Class 5 consists of Allowed Interests of Debtor. Holders of Class 5
Interests shall retain their interests in the reorganized Debtor,
provided however that such Holders shall make the payments
contemplated under the Plan to whatever extent rental income is not
sufficient for the Debtor make such payments including, without
limitation, payments to the Holders of Class 1 claims, Holders of
Class 2 claims, Holders of Class 3 claims Holders of Class 4
claims.
The Debtor currently collects $1,000 per month in rents, which will
be used towards debt service on the Class 3 claim of Anne Freeman.
The Principals of the Debtor will contribute such additional amount
is necessary to pay the balance of the monthly payment on the Class
3 claim of Anne Freeman, as well as the payments required on all
other Classes of claims. In exchange for an unknown amount of
contributions, which could be substantial depending on the amount
of time from confirmation to refinance, the Principals of the
Debtor will retain their equity.
The Debtor will continue to generate rental income from 187 Main
St., Point Arena, CA.
The Debtor will use its best efforts cause real property located at
187 Main St., Point Arena, CA to be refinanced as soon as
practicable. If/when a refinance is effectuated, holders of allowed
claims secured by such property (i.e. Holders of Class 2 claims and
Holders of Class 3 claims) shall be paid from the proceeds of
refinance, together with interest as herein provided.
Holders of Class 1 claims and Holders of Class 4 claims will also
be paid from the proceeds of the refinance as herein provided. Upon
such payment, the Debtor may transfer title to 187 Main St., Point
Arena, CA to 610 Properties, LLC as a condition of the refinance.
A full-text copy of the Disclosure Statement dated January 29, 2026
is available at https://urlcurt.com/u?l=i8lRpP from
PacerMonitor.com at no charge.
Counsel to the Debtor:
David N. Chandler, Esq.
David Nyle Chandler PC
1747 4th Street
Santa Rosa, CA 95404
Telephone: (707) 528-4331
About Wildflower Investment Properties II
Wildflower Investment Properties II, LLC is a limited liability
company formed in February, 2022 under the laws of the State of
California.
The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Cal. Case No. 25-10580) on Sept. 15, 2025,
listing up to $1 million in both assets and total liabilities.
The Debtor is represented by David N. Chandler, Esq., at David Nyle
Chandler PC.
WOLF LAKE DEVELOPMENT: Seeks Ch. 11 Bankruptcy in North Carolina
----------------------------------------------------------------
On February 4, 2026, Wolf Lake Development LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Western District of
North Carolina. According to court filings, the Debtor reports
between $1 million and $10 million in debt, owed to 1–49
creditors.
About Wolf Lake Development LLC
Wolf Lake Development LLC is a privately held limited liability
company engaged in real estate development and related business
activities.
Wolf Lake Development LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-10031) on February 4,
2026. In its petition, the Debtor reports estimated assets of
$100,001–$1,000,000 and estimated liabilities of $1 million–$10
million.
Honorable Bankruptcy Judge George R. Hodges handles the case.
The Debtor is represented by Richard S. Wright, Esq. of Moon Wright
& Houston, PLLC.
WRIGHT SCAPES: Commences Chapter 11 Bankruptcy in Florida
---------------------------------------------------------
On February 3, 2026, Wright Scapes, Inc. filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Florida. According to court filings, the Debtor reports between
$1 million and $10 million in debt owed to 1–49 creditors.
About Wright Scapes, Inc.
Wright Scapes, Inc. operates in the landscaping and grounds
services sector, offering exterior property enhancement and
maintenance services. The company serves customers in Florida and
surrounding areas, based on publicly available business filings.
Wright Scapes, Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11393) on February 3,
2026. In its petition, the Debtor reports estimated assets ranging
from $100,001 to $1 million and estimated liabilities of $1 million
to $10 million.
Honorable Peter D. Russin handles the case.
The Debtor is represented by Thomas L. Abrams, Esq.
WSN CONSTRUCTION: Seeks Subchapter V Bankruptcy in Florida
----------------------------------------------------------
On February 3, 2026, WSN Construction LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Florida. According to court filings, the Debtor reports between
$1 million and $10 million in debt, owed to 1–49 creditors.
About WSN Construction LLC
WSN Construction LLC is a privately held limited liability company
engaged in construction and contracting services.
WSN Construction LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-40059) on February
3, 2026. In its petition, the Debtor reports estimated assets of
$100,001–$1,000,000 and estimated liabilities of $1 million–$10
million.
Honorable Bankruptcy Judge Karen K. Specie handles the case.
The Debtor is represented by Robert C. Bruner, Esq. of Bruner
Wright, P.A.
[] Glenn Agre Elevates George L. Santiago to Partner
----------------------------------------------------
Glenn Agre Bergman & Fuentes LLP announced that complex commercial
litigation associate George L. Santiago has been elevated to
Partner, effective January 1, 2026.
His promotion reflects the firm's continued commitment to
developing talent and building its next generation of leaders. A
valued attorney at the firm since its founding in 2021, Santiago
has built a sophisticated practice representing hedge funds,
investment managers, private equity sponsors, lender groups, and
corporate fiduciaries in complex litigation arising from distressed
investments, liability management transactions, corporate
governance disputes, bankruptcy litigation, and accounting
malpractice claims.
"George's elevation underscores our commitment to promoting lawyers
who meet and surpass our standard of excellence," said Andrew
Glenn, Managing Partner of Glenn Agre Bergman & Fuentes. "He's one
of the first attorneys you think of when staffing an important
matter -- someone who reliably achieves results and who excels when
the stakes are highest. In fast-moving, complicated disputes,
having someone like George in your corner is a true advantage. His
promotion is a natural next step as our firm continues to scale
thoughtfully and strategically."
"I'm proud to become a partner at a firm that invests in the
development of its young talent and fosters an environment for them
to grow. Glenn Agre brings that same commitment to its client
relationships by delivering sophisticated advocacy and a
client-first mindset," said Mr. Santiago. "I'm excited to continue
growing my practice and contributing to the firm's momentum."
About Glenn Agre Bergman & Fuentes LLP
Glenn Agre Bergman & Fuentes LLP -- http://www.glennagre.com/--
is a litigation and trial firm with expertise in complex commercial
disputes, bankruptcy and restructuring, employment litigation, and
white-collar litigation and investigations.
[] U.S. Commercial Chapter 11 Filings Rose 76% in January 2026
--------------------------------------------------------------
Commercial Chapter 11 filings increased sharply in January 2026,
climbing to 956 cases, a 76% increase from January 2025, according
to Epiq AACER data. The surge was primarily driven by multiple
related filings from large corporate families, rather than a broad
rise in standalone cases.
Subchapter V elections within Chapter 11 totaled 255 in January
2026, reflecting a 68% year-over-year increase. Overall commercial
bankruptcy filings rose 18% to 2,840 cases, continuing an upward
trend seen throughout 2025, the report cites.
Month-over-month comparisons also showed strong gains. Commercial
Chapter 11 filings rose 61% from December's 593 cases, while
overall commercial filings increased 11%. Subchapter V filings rose
7% compared with December totals, according to Epiq AACER.
Despite the rise in commercial activity, total bankruptcies dipped
slightly from December levels. January 2026 saw 45,808 total
filings, down 0.3% from December, while individual bankruptcies
declined 1%, with Chapter 7 filings falling 5% and Chapter 13
filings increasing 6%, the report states.
*********
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.
*********
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